exv10w2






Exhibit 10.2




     EXECUTION VERSION




     AMENDMENT NO. 1, dated as of December 8, 2009 (this
“Amendment”), to the Credit Agreement, dated as of
July 31, 2008 (as heretofore amended, the “Existing
Credit Agreement”), among BOOZ ALLEN HAMILTON INVESTOR
CORPORATION (formerly known as Explorer Investor
Corporation), a Delaware corporation (“Holdings”),
EXPLORER MERGER SUB CORPORATION, a Delaware corporation (the
“Initial Borrower”), BOOZ ALLEN HAMILTON INC., a
Delaware corporation into which the Initial Borrower was
merged (the “Company” or the “Borrower”), the
several banks and other financial institutions or entities
from time to time parties thereto (the “Lenders”),
CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH (formerly known as
Credit Suisse), as Administrative Agent, Collateral Agent and
Issuing Lender, BANK OF AMERICA, N.A., as Syndication Agent,
LEHMAN BROTHERS COMMERCIAL BANK, C.I.T. LEASING CORPORATION,
and SUMITOMO MITSUI BANKING CORPORATION, as Documentation
Agents, and BANC OF AMERICA SECURITIES LLC, CREDIT SUISSE
SECURITIES (USA) LLC, LEHMAN BROTHERS INC. and SUMITOMO
MITSUI BANKING CORPORATION, as Joint Lead Arrangers and Joint
Bookrunners.



          WHEREAS, the Tranche C Term Lenders have agreed to make Tranche C Term Loans in an aggregate
principal amount of $350,000,000, and the Additional Revolving Lenders have agreed to provide
Additional Revolving Commitments in an aggregate amount equal to $145,000,000, in each case on the
terms and conditions set forth herein;




          WHEREAS, the Borrower has requested certain amendments to the Existing Credit Agreement in
connection with the Recapitalization Transactions; and




          WHEREAS, the Borrower and the Lenders have agreed to amend and restate the Existing Credit
Agreement on the terms and conditions contained herein.




          NOW, THEREFORE, the Borrower, the Lenders and the Administrative Agent hereby agree as
follows:




ARTICLE 1




Definitions



     Section 1.1 Defined Terms. Terms defined in the Amended and Restated Credit Agreement
(as defined in Section 2.1 hereof) and used herein shall have the meanings assigned to such terms
in the Amended and Restated Credit Agreement, unless otherwise defined herein or the context
otherwise requires.



 









 





ARTICLE 2




Amendments



     Section 2.1 Amended and Restated Credit Agreement. As of the Amendment and
Restatement Effective Date (as defined in Section 5.1 hereof), the Existing Credit Agreement is
hereby amended and restated in its entirety, in the form attached hereto as Exhibit A (the
“Amended and Restated Credit Agreement”).



     Section 2.2 New Schedule 2.1A. As of the Amendment and Restatement Effective Date, a
new Schedule 2.1A is hereby added to the Amended and Restated Credit Agreement, in the form
attached hereto as Exhibit B.



     Section 2.3 Amendment of Schedule 4.3. As of the Amendment and Restatement Effective
Date, Schedule 4.3 to the Existing Credit Agreement is hereby amended and restated in its entirety,
in the form attached hereto as Exhibit C.



     Section 2.4 New Exhibit J-4. As of the Amendment and Restatement Effective Date, a
new Exhibit J-4 is hereby added to the Amended and Restated Credit Agreement, in the form attached
hereto as Exhibit D.



     Section 2.5 Schedules and Exhibits. Except as set forth in Sections 2.2, 2.3 and 2.4
above, all schedules and exhibits to the Existing Credit Agreement, in the forms thereof
immediately prior to the Amendment and Restatement Effective Date, will continue to be schedules
and exhibits to the Amended and Restated Credit Agreement.



ARTICLE 3




Tranche C Term Loans and Additional Revolving Commitments



     Section 3.1 Tranche C Term Loans. On the Amendment and Restatement Effective Date,
the Tranche C Term Lenders will make the Tranche C Term Loans as provided in the Amended and
Restated Credit Agreement.



     Section 3.2 Additional Revolving Commitments. On the Amendment and Restatement
Effective Date, (i) the Revolving Commitment of each Additional Revolving Lender that has an
Existing Revolving Commitment shall be automatically and without further action increased by an
amount equal to such Additional Revolving Lender’s Additional Revolving Commitment and (ii) each
Additional Revolving Lender that does not have an Existing Revolving Commitment shall automatically
and without further action provide a new Revolving Commitment in an amount equal to such Revolving
Lender’s Additional Revolving Commitment. To the extent any Revolving Loans are outstanding on the
Amendment and Restatement Effective Date, such Revolving Loans shall be prepaid immediately prior
to giving effect to the increase in Revolving Commitments on the Amendment and Restatement
Effective Date and reborrowed as ABR Loans immediately after giving effect to the increase in
Revolving Commitments on the Amendment and Restatement Effective Date, so that such Revolving Loans
are held pro rata by the Revolving Lenders after giving effect to such increase. For the avoidance
of doubt, such repayment and borrowing of Revolving Loans pursuant to this Section 3.2 shall be
subject to Section 2.21, but shall not be subject to the notice and other requirements of Sections
2.5 and 2.11 of the Amended and Restated Credit Agreement.



2









 




ARTICLE 4




Consent to Amendment of Mezzanine Loan Agreement






     Section 4.1 Consent to Amendment of Mezzanine Loan Agreement. The Lenders
hereby consent to Amendment No. 2 to the Mezzanine Loan Agreement, dated as of December 7, 2009,
among Holdings, the Borrower, Credit Suisse AG, as administrative agent, and the lenders party
thereto.



ARTICLE 5




Miscellaneous



     Section 5.1 Conditions to Effectiveness. This Amendment shall become effective as of
the date (the “Amendment and Restatement Effective Date”) on which:



          (a) Amendment. The Administrative Agent shall have received this Amendment,
executed and delivered by the Borrower, the Required Lenders, each Tranche C Term Lender and each
Additional Revolving Lender;




          (b) Acknowledgment and Confirmation. The Administrative Agent shall have
received the Acknowledgment and Confirmation, substantially in the form of Exhibit E
hereto, executed and delivered by each Guarantor;




          (c) Fees. The Borrower shall have paid to the Administrative Agent (i) for
distribution to each Lender which executes and delivers to the Administrative Agent (or its
designee) a counterpart hereof by 5:00 P.M. (New York City time) on December 8, 2009, a
non-refundable cash fee (the “Amendment Fee”) in dollars in an amount equal to 10 basis
points (0.10%) of the sum of (x) the aggregate principal amount of all Tranche A Term Loans and
Tranche B Term Loans of such Lender outstanding on the Amendment and Restatement Effective Date and
(y) the amount of such Lender’s Existing Revolving Commitment on the Amendment and Restatement
Effective Date and (ii) for distribution to each Additional Revolving Lender, a non-refundable cash
fee (the “Upfront Fee”) in dollars in an amount equal to 150 basis points (1.50%) of such
Lender’s Additional Revolving Commitment;




          (d) Solvency Opinion. The Administrative Agent shall have received a solvency opinion
in form and substance and from an independent investment bank or valuation firm reasonably
satisfactory to the Administrative Agent to the effect that each of (a) Holdings, the Borrower and
the Subsidiary Guarantors, on a consolidated basis, and (b) the Borrower and the Subsidiary
Guarantors, on a consolidated basis, in each case after giving effect to the Recapitalization
Transactions, are solvent;




          (e) Legal Opinions. The Administrative Agent shall have received an executed legal
opinion of (i) Debevoise & Plimpton LLP, special New York counsel to the Loan Parties,
substantially in the form of Exhibit F-1 and (ii) Morris, Nichols, Arsht & Tunnell LLP,
special Delaware counsel to the Loan Parties, substantially in the form of Exhibit F-2;




          (f) Closing Certificate. The Administrative Agent shall have received a certificate
of the Borrower, dated as of the Amendment and Restatement Effective Date, substantially in the
form of Exhibit G, with appropriate insertions and attachments; and




          (g) Recapitalization Transactions. The Recapitalization Transactions shall be
consummated substantially concurrently with the effectiveness of the Amendment.




     Section 5.2 Representations and Warranties; No Defaults. In order to induce the
Lenders to enter into this Amendment and to make the Tranche C Term Loans, the Borrower hereby
represents and warrants that:



3









 






     (a) no Default or Event of Default exists as of the Amendment and Restatement Effective
Date, both immediately before and immediately after giving effect to this Amendment and the
borrowing of the Tranche C Term Loans; and




     (b) all of the representations and warranties contained in the Amended and Restated
Credit Agreement and in the other Loan Documents are true and correct in all material
respects on the Amendment and Restatement Effective Date, both immediately before and
immediately after giving effect to this Amendment and the borrowing of the Tranche C Term
Loans, with the same effect as though such representations and warranties had been made on
and as of the Amendment and Restatement Effective Date (unless such representation or
warranty relates to a specific date, in which case such representation or warranty shall be
true and correct in all material respects as of such specific date).



     Section 5.3 Security. The Borrower acknowledges that (i) the Tranche C Term Loans and
any Revolving Loans and Reimbursement Obligations in respect of Additional Revolving Commitments
constitute Borrower Obligations (as defined in the Guarantee and Collateral Agreement), (ii) the
Guarantee and Collateral Agreement shall continue to be in full force and effect and (iii) all
Liens granted by the Borrower as security for the Borrower Obligations pursuant to the Guarantee
and Collateral Agreement continue in full force and effect.



     Section 5.4 Severability. Any provision of this Amendment which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining provisions hereof, and any
such prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.



     Section 5.5 Continuing Effect; No Other Waivers or Amendments. Except as expressly
set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a
waiver of, or otherwise affect the rights and remedies of the Lenders, the Administrative Agent or
the Loan Parties under the Amended and Restated Credit Agreement or any other Loan Document, and
shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations,
covenants or agreements contained in the Amended and Restated Credit Agreement or any other Loan
Document, all of which are ratified and affirmed in all respects and shall continue in full force
and effect. Nothing herein shall be deemed to entitle any Loan Party to a consent to, or a waiver,
amendment, modification or other change of, any of the terms, conditions, obligations, covenants or
agreements contained in the Amended and Restated Credit Agreement or any other Loan Document in
similar or different circumstances. After the Amendment and Restatement Effective Date, any
reference in any Loan Document to the Credit Agreement shall mean the Amended and Restated Credit
Agreement.



     Section 5.6 Counterparts. This Amendment may be executed by one or more of the
parties to this Amendment on any number of separate counterparts, and all of said counterparts
taken together shall be deemed to constitute one and the same instrument. Delivery of an executed
signature page of this Amendment by facsimile or electronic (i.e. “pdf”) transmission shall be
effective as delivery of a manually executed counterpart hereof.



     Section 5.7 Payment of Fees and Expenses. The Borrower agrees to pay or reimburse the
Administrative Agent for all of its reasonable and documented out-of-pocket costs and expenses
incurred in connection with this Amendment including, without limitation, the reasonable fees and
disbursements and other charges of Cravath, Swaine & Moore LLP, counsel to the Administrative
Agent.



4









 





     Section 5.8 GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE
WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS TO THE
EXTENT THAT THE SAME ARE NOT MANDATORILY APPLICABLE BY STATUTE AND THE APPLICATION OF THE LAWS OF
ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.




 



5












 






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



	 	 	 	 	 
	 	BOOZ ALLEN HAMILTON INC.

 	 
	 	By:  	/s/ CG Appleby
 	 
	 	 	Name:  	CG Appleby 	 
	 	 	Title:  	Secretary 	 
	 
	 	BOOZ ALLEN HAMILTON INVESTOR CORPORATION

 	 
	 	By:  	/s/ Samuel Strickland
 	 
	 	 	Name:  	Samuel Strickland 	 
	 	 	Title:  	Chief Financial Officer 	 







 









 








	 	 	 	 	 
	 	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH

as Administrative Agent, Collateral Agent, Issuing

Lender and Swingline Lender

 	 
	 	By:  	/s/ John D. Toronto
 	 
	 	 	Name:  	John D. Toronto 	 
	 	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	
/s/ Vipul Dhadda 	 
	 	 	Name: 	Vipul Dhadda	 
	 	 	Title:  	Associate	 
	 




 









 






LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment




Name of Institution:




BANK OF AMERICA, N.A.

 	 
	 	By:  	/s/ David H. Strickert
 	 
	 	 	Name:  	David H. Strickert 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	 	 
	 	By:  	
 	*
	 	 	Name:  	 	 
	 	 	Title:  	 	 







 





			
	*	 	For institutions requiring two signature blocks.




 









 










LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment




Name of Institution:



CIT Bank

 	 
	 	By:  	/s/ Daniel Burnett
 	 
	 	 	Name:  	Daniel Burnett 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	By:  	
 	*
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 







 




			
	*	 	For institutions requiring two signature blocks.




 









 










LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment



Name of Institution:



CREDIT SUISSE AG,

CAYMAN ISLANDS BRANCH

 	 
	 	By:  	



/s/ John D. Toronto
 	 
	 	 	Name:  	John D. Toronto 	 
	 	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	                                                    /s/ Vipul Dhadda
 	*
	 	 	Name:  	Vipul Dhadda 	 
	 	 	Title:  	Associate 	 
	 






 





			
	*	 	For institutions requiring two signature blocks.




 









 










LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment



Name of Institution:



Sumitomo Mitsui Banking Corporation

 	 
	 	By:  	



/s/ William M. Ginn
 	 
	 	 	Name:  	William M. Ginn 	 
	 	 	Title:  	Executive Officer 	 
	 
	 	 	 
	 	By:  	
 	*
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 






 





			
	*	 	For institutions requiring two signature blocks.




 









 











LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment



Name of Institution:



Morgan Stanley Bank, N.A.

 	 
	 	By:  	/s/ Peter Zippelius	 
	 	 	Name:  	Peter Zippelius	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	By:  	
 	*
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 






 






			
	*	 	For institutions requiring two signature blocks.




 









 










LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment



Name of Institution:



GOLDMAN SACHS CREDIT PARTNERS L.P.

 	 
	 	By:  	



/s/ Alexis Maged
 	 
	 	 	Name:  	Alexis Maged 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	By:  	
 	*
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 







 




			
	*	 	For institutions requiring two signature blocks.




 









 










LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment




Name of Institution:



Barclays Bank PLC

 	 
	 	By:  	



/s/ Craig Malley
 	 
	 	 	Name:  	Craig Malley 	 
	 	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	
 	*
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 






 





			
	*	 	For institutions requiring two signature blocks.




 









 










LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment




Name of Institution:



THE BANK OF NOVA SCOTIA

 	 
	 	By:  	



/s/ David Mahmood
 	 
	 	 	Name:  	David Mahmood 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	
 	*
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 






 






			
	*	 	For institutions requiring two signature blocks.




 









 










LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment



Name of Institution:



Carlyle Credit Partners Financing I, Ltd.

 	 
	 	By:  	

/s/ Linda Pace
 	 
	 	 	Name:  	Linda Pace 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	
 	*
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 





 







			
	*	 	For institutions requiring two signature blocks.




 









 










LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment



Name of Institution:



Carlyle High Yield Partners 2008-1, Ltd.

 	 
	 	By:  	

/s/ Linda Pace
 	 
	 	 	Name:  	Linda Pace 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	
 	*
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 





 







			
	*	 	For institutions requiring two signature blocks.




 









 










LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment



Name of Institution:



Carlyle High Yield Partners VI, Ltd.

 	 
	 	By:  	

/s/ Linda Pace
 	 
	 	 	Name:  	Linda Pace 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	
 	*
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 







 





			
	*	 	For institutions requiring two signature blocks.




 









 










LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment



Name of Institution:



Carlyle High Yield Partners VII, Ltd.

 	 
	 	By:  	

/s/ Linda Pace
 	 
	 	 	Name:  	Linda Pace 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	
 	*
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 






 






			
	*	 	For institutions requiring two signature blocks.




 









 










LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment



Name of Institution:



Carlyle High Yield Partners VIII, Ltd.

 	 
	 	By:  	

/s/ Linda Pace
 	 
	 	 	Name:  	Linda Pace 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	
 	*
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 







 





			
	*	 	For institutions requiring two signature blocks.




 









 










LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment



Name of Institution:



Carlyle High Yield Partners IX, Ltd.

 	 
	 	By:  	

/s/ Linda Pace
 	 
	 	 	Name:  	Linda Pace 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	
 	*
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 








 




			
	*	 	For institutions requiring two signature blocks.




 









 










LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment



Name of Institution:



Carlyle High Yield Partners X, Ltd.

 	 
	 	By:  	

/s/ Linda Pace
 	 
	 	 	Name:  	Linda Pace 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	
 	*
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 







 





			
	*	 	For institutions requiring two signature blocks.




 









 











LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment



Name of Institution:



Deutsche Bank AG New York Branch


By: DB Services New Jersey, Inc.




 	 
	 	By:  	

/s/ Edward Schaffer
 	 
	 	 	Name:  	Edward Schaffer 	 
	 	 	Title:  	Vice President 	 
	 
	 	 	 
	 	By:  	    /s/ Deirdre D. Cesario
 	*
	 	 	Name:  	Deirdre D. Cesario 	 
	 	 	Title:  	Assistant Vice President 	 
	 




 











 





LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment



Name of Institution:



FORTRESS CREDIT INVESTMENTS I LTD.

 	 
	 	By:  	/s/ Glenn P. Cummins
 	 
	 	 	Name:  	Glenn P. Cummins 	 
	 	 	Title:  	Director 	 
	 



	 	 	 	 	 
	 	FORTRESS CREDIT INVESTMENTS II LTD.

 	 
	 	By:  	/s/ Glenn P. Cummins
 	 
	 	 	Name:  	Glenn P. Cummins 	 
	 	 	Title:  	Director 	 
	 




 









 





LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment



Name of Institution:



FORTRESS CREDIT OPPORTUNITIES I LP



By: Fortress Credit Opportunities I GP LLC, its

general partner

 	 
	 	By:  	/s/ Glenn P. Cummins
 	 
	 	 	Name:  	Glenn P. Cummins 	 
	 	 	Title:  	Chief Financial Officer 	 
	 




 









 





LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment



Name of Institution:



FORTRESS CREDIT INVESTMENTS I LTD.

 	 
	 	By:  	/s/ Glenn P. Cummins
 	 
	 	 	Name:  	Glenn P. Cummins 	 
	 	 	Title:  	Director 	 
	 



	 	 	 	 	 
	 	FORTRESS CREDIT INVESTMENTS II LTD.

 	 
	 	By:  	/s/ Glenn P. Cummins
 	 
	 	 	Name:  Glenn P. Cummins 	 
	 	 	Title:  	  Director 	 
	 




 









 





LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your 

consent to the Second Amendment



Name of Institution:



FORTRESS CREDIT OPPORTUNITIES I LP



By: Fortress Credit Opportunities I GP LLC, its

general partner

 	 
	 	By:  	/s/ Glenn P. Cummins
 	 
	 	 	Name:  	Glenn P. Cummins 	 
	 	 	Title:  	Chief Financial Officer 	 



 









 






LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment



Name of Institution:



MAGNOLIA FUNDING

 	 
	 	By:  	/s/ Irfan Ahmed
 	 
	 	 	Name: 	Irfan Ahmed 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	By:  	
 	* 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 






 




			
	*	 	For institutions requiring two signature blocks.




 









 











LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your consent to

the Amendment





Name of Institution:





LANDMARK VIII CLO LTD.





By Aladdin Capital Management LLC as Manager



 	 
	 	By:  	/s/ Christine M. Barto
 	 
	 	 	Name:  	Christine M. Barto 	 
	 	 	Title:  	Authorized Signatory 	 



 









 






LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your consent to

the Amendment





Name of Institution:





LANDMARK IX CDO LTD.





By Aladdin Capital Management LLC as Manager



 	 
	 	By:  	/s/  Christine M. Barto
 	 
	 	 	Name:  	Christine M. Barto 	 
	 	 	Title:  	Authorized Signatory 	 



 









 





LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your consent to

the Amendment





Name of Institution:





Aladdin Flexible Investment Fund SPC Series 2008-2



 	 
	 	By:  	/s/  Christine M. Barto
 	 
	 	 	Name:  	Christine M. Barto 	 
	 	 	Title:  	Authorized Signatory 	 



 









 






LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your


consent to the Amendment





Name of Institution:





Prospero CLO II B.V.



 	 
	 	By:  	/s/ Ronald M. Grobeck
 	 
	 	 	Name:  	Ronald M. Grobeck 	 
	 	 	Title:  	Managing Director 	 
	 



	 	 	 	 	 
	 	 	 
	 	By:  	
 	* 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 






 




			
	*	 	For institutions requiring two signature blocks.




 









 










LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your 

consent to the Amendment






Name of Institution:






Veritas CLO I, LTD


 	 
	 	By:  	/s/ Ronald M. Grobeck
 	 
	 	 	Name:  	Ronald M. Grobeck 	 
	 	 	Title:  	Managing Director 	 
	 



	 	 	 	 	 
	 	 	 
	 	By:  	
 	* 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 






 




			
	*	 	For institutions requiring two signature blocks.




 









 





LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your


consent to the Amendment





Name of Institution:





Veritas CLO II, LTD



 	 
	 	By:  	/s/ Ronald M. Grobeck
 	 
	 	 	Name:  	Ronald M. Grobeck 	 
	 	 	Title:  	Managing Director 	 
	 



	 	 	 	 	 
	 	 	 
	 	By:  	
 	* 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 






 




			
	*	 	For institutions requiring two signature blocks.






 











 







LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment



Name of Institution:



ACAS CLO 2007-1, Ltd.,


By: American Capital Asset Management,

       LLC as Portfolio Manager

 	 
	 	By:  	/s/ Mark Pelletier
 	 
	 	 	Name:  	Mark Pelletier 	 
	 	 	Title:  	Authorized Signatory 	 
	 



	 	 	 	 	 
	 	 	 
	 	By:  	
 	*   
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 







 




			
	*	 	For institutions requiring two signature blocks.




 









 










LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

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Name of Institution:



FULTON FUNDING

 	 
	 	By:  	/s/
Irfan Ahmed
 	 
	 	 	Name:  	Irfan Ahmed 	 
	 	 	Title:  	Authorized Signatory 	 
	 



	 	 	 	 	 
	 	By:  	 	* 
	 	 	Name:  	 	 
	 	 	Title:  	 	 







 




			
	*	 	For institutions requiring two signature blocks.




 









 










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Name of Institution:



GLARKE FUNDING

 	 
	 	By:  	/s/ Irfan Ahmed
 	 
	 	 	Name:  	Irfan Ahmed 	 
	 	 	Title:  	Authorized Signatory 	 



	 	 	 	 	 
	 	 	 
	 	By:  	 	* 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 







 




			
	*	 	For institutions requiring two signature blocks.




 









 










LENDERS:




	 	 	 	 	 

	 

	 	 	 	By signing below, you have
indicated your

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	 	 	 	Name of Institution:
	 
	 	 	 	 




	 	 	 	 	 
	 	 	Ares IIR CLO Ltd.
	 
	 	 	 	 
	 

	 	By:
	 	Ares CLO Management IIR, L.P.,
	 

	 	 	 	Investment Manager
	 
	 	 	 	 
	 

	 	By:
	 	Ares CLO GP IIR, LLC,
	 

	 	 	 	Its General Partner





	 	 	 	 	 
	 	 	 
	 	By:  	                                                     /s/ Americo Cascella
 	 
	 	 	Name:  	Americo Cascella 	 
	 	 	Title:  	Authorized Signatory 	 
	 







 




			
	*	 	For institutions requiring two signature blocks.






 











 





	 	 	 	 	 
	 	ARES IIIR/IVR CLO LTD.

 

 	 
	 	By:  	ARES CLO MANAGEMENT IIIR/IVR, L.P.
 	 
	 	 	 	 
	 	 	 
	 	By:  	ARES CLO GP IIIR/IVR, LLC, ITS GENERAL PARTNER
 
	 	 	 	 
	 	 	 
	 	By:  	ARES MANAGEMENT LLC, ITS MANAGER

 
 
	 	 	 	 
	 	 	 
	 	By:  	/s/ Americo Cascella
 	 
	 	 	Name:  	Americo Cascella 	 
	 	 	Title:  	Authorized Signatory 	 
	 

 
	 	Ares VR CLO Ltd.

 

 	 
	 	By:  	Ares CLO Management VR, L.P., 
Investment Manager
 	 
	 	 	 	 
	 	 	 
	 	By:  	Ares CLO GP VR, LLC,
 Its General Partner
 	 
	 	 	 	 
	 	 	 
	 	By:  	/s/ Americo Cascella
 	 
	 	 	Name:  	Americo Cascella 	 
	 	 	Title:  	Authorized Signatory 	 
	 




	 		
	*	 	For institutions requiring two signature blocks.




 









 










	 	 	 	 	 
	 	Ares VIR CLO Ltd.

 

 	 
	 	By:  	Ares CLO Management VIR, L.P., 
Investment Manager
 	 
	 	 	 	 
	 	 	 
	 	By:  	Ares CLO GP VIR, LLC, 
Its General Partner
 	 
	 	 	 	 
	 	 	 
	 	By:  	/s/ Americo Cascella
 	 
	 	 	Name:  	Americo Cascella 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	Ares VIII CLO Ltd.

 

 	 
	 	By:  	Ares CLO Management VIII, L.P.,
 Investment Manager
 	 
	 	 	 	 
	 	 	 
	 	By:  	Ares CLO GP VIII, LLC,
 Its
General Partner
 	 
	 	 	 	 
	 	 	 
	 	By:  	/s/ Americo Cascella
 	 
	 	 	Name:  	Americo Cascella 	 
	 	 	Title:  	Authorized Signatory 	 
	 







	 		
	*	 	For institutions requiring two signature blocks.




 









 










	 	 	 	 	 
	 	Ares IX CLO Ltd.

 

 	 
	 	By:  	Ares CLO Management IX, L.P.,
 Investment Manager
 	 
	 	 	 	 
	 	 	 
	 	By:  	Ares CLO GP IX, LLC,
 Its General Partner
 	 
	 	 	 	 
	 	 	 
	 	By:  	Ares Management LLC,
 Its Managing Member
 	 
	 	 	 	 
	 	 	 
	 	By:  	/s/ Americo Cascella
 	 
	 	 	Name:  	Americo Cascella 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	Ares X CLO Ltd.

 	 
	 	By:  	Ares CLO Management X, L.P.,
 Investment Manager
 	 
	 	 	 	 
	 	By:  	Ares CLO GP X, LLC,
 Its General Partner
 

 	 
	 	By:  	/s/ Americo Cascella
 	 
	 	 	Name:  	Americo Cascella 	 
	 	 	Title:  	Authorized Signatory 	 
	 







	 		
	*	 	For institutions requiring two signature blocks.




 









 










	 	 	 	 	 
	 	ARES XI CLO Ltd.

 

 	 
	 	By:  	ARES CLO MANAGEMENT XI, L.P.
 
	 	 	 	 
	 	 	 
	 	By:  	ARES CLO GP XI, LLC, ITS GENERAL PARTNER
 
	 	 	 	 
	 	 	 
	 	By:  	ARES MANAGEMENT LLC, ITS MANAGER
 
	 	 	 	 
	 	 	 
	 	By:  	/s/ Americo Cascella
 	 
	 	 	Name:  	Americo Cascella 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	ARES XII CLO LTD.

 	 
	 	By:  	ARES CLO MANAGEMENT XII, L.P.
 

 
	 	By:  	ARES CLO GP XII, LLC, ITS GENERAL PARTNER
 
	 	 	 
	 	By:  	ARES MANAGEMENT LLC, ITS MANAGER
 
	 	 	 	 
	 	 	 
	 	By:  	/s/ Americo Cascella
 	 
	 	 	Name:  	Americo Cascella 	 
	 	 	Title:  	Authorized Signatory 	 
	 







	 		
	*	 	For institutions requiring two signature blocks.




 









 










	 	 	 	 	 
	 	CONFLUENT 2 LIMITED

 

 	 
	 	By:  	Ares Private Account Management I, L.P., as Sub-Manager
 
	 	 	 	 
	 	 	 
	 	By:  	Ares Private Account Management I GP, LLC, as General Partner
 
	 	 	 	 
	 	 	 
	 	By:  	Ares Management LLC, as Manager
 
	 	 	 	 
	 	 	 
	 	By:  	/s/ Americo Cascella
 	 
	 	 	Name:  	Americo Cascella 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	ARES ENHANCED CREDIT OPPORTUNITIES FUND LTD.

 

 	 
	 	By:  	Ares Enhanced Credit Opportunities Fund Management, L.P.,
 
	 	 	 	 
	 	 	 
	 	By:  	/s/ Americo Cascella
 	 
	 	 	Name:  	Americo Cascella 	 
	 	 	Title:  	Authorized Signatory 	 
	 







	 		
	*	 	For institutions requiring two signature blocks.




 









 










	 	 	 	 	 
	 	ARES ENHANCED LOAN INVESTMENT STRATEGY IR LTD.

 

 	 
	 	By:  	ARES ENHANCED LOAN MANAGEMENT IR, L.P., as Portfolio Manager
 
	 	 	 	 
	 	 	 
	 	By:  	Ares Enhanced Loan IR GP, LLC, as its General Partner
 
	 	 	 	 
	 	 	 
	 	By:  	Ares Management LLC, as its Manager
 
	 	 	 	 
	 	 	 
	 	By:  	/s/ Americo Cascella
 	 
	 	 	Name:  	Americo Cascella 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	ARES ENHANCED LOAN INVESTMENT STRATEGY II, LTD.

 

 	 
	 	By:  	Ares Enhanced Loan Management II, L.P.,
 Investment Manager
 	 
	 	 	 	 
	 	 	 
	 	By:  	Ares Enhanced Loan GP II, LLC
 Its General Partner
 	 
	 	 	 	 
	 	 	 
	 	By:  	/s/ Americo Cascella
 	 
	 	 	Name:  	Americo Cascella 	 
	 	 	Title:  	Authorized Signatory 	 
	 







	 		
	*	 	For institutions requiring two signature blocks.




 









 










	 	 	 	 	 
	 	ARES ENHANCED LOAN INVESTMENT STRATEGY III, LTD.

 

 	 
	 	By:  	ARES ENHANCED LOAN MANAGEMENT III, L.P.
 
	 	 	 
	 	By:  	ARES ENHANCED LOAN III GP, LLC, ITS GENERAL PARTNER
 
	 	 	 
	 	By:  	ARES MANAGEMENT LLC, ITS MANAGER
 
	 	 	 	 
	 	 	 
	 	By:  	/s/ Americo Cascella
 	 
	 	 	Name:  	Americo Cascella 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	FUTURE FUND BOARD OF GUARDIANS

 

 	 
	 	By:  	Ares Enhanced Loan Investment Strategy Advisor IV, L.P., its investment manager
 
	 	 	 	 
	 	 	 
	 	By:  	Ares Enhanced Loan Investment Strategy Advisor IV GP, LLC, its general partner
 
	 	 	 	 
	 	 	 
	 	By:  	Ares Management LLC, its managing member
 
	 	 	 	 
	 	 	 
	 	By:  	/s/ Americo Cascella
 	 
	 	 	Name:  	Americo Cascella 	 
	 	 	Title:  	Authorized Signatory 	 
	 







	 		
	*	 	For institutions requiring two signature blocks.




 









 










	 	 	 	 	 
	 	Global Loan Opportunity Fund B.V.

 

 	 
	 	By:  	Ares Management Limited, its Portfolio Manager
 
	 	 	 	 
	 	 	 
	 	By:  	/s/ Americo Cascella
 	 
	 	 	Name:  	Americo Cascella 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	Ares Institutional Loan Fund B.V.

 

 	 
	 	By:  	Ares Management Limited, its investment advisor
 
	 	 	 	 
	 	 	 
	 	By:  	/s/ Americo Cascella
 	 
	 	 	Name:  	Americo Cascella 	 
	 	 	Title:  	Authorized Signatory 	 
	 







	 		
	*	 	For institutions requiring two signature blocks.




 









 











	 	 	 	 	 
	 	SEI INSTITUTIONAL INVESTMENTS TRUST ENHANCED LIBOR OPPORTUNITIES FUND
 
 

	 	By:  	Ares Management LLC, as Portfolio Manager
 
	 	 	 	 
	 	 	 
	 	By:  	/s/ Americo Cascella
 	 
	 	 	Name:  	Americo Cascella 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 
	 	SEI INSTITUTIONAL MANAGED TRUST ENHANCED INCOME FUND
 
 

	 	By:  	Ares Management LLC, as Portfolio Manager
 
	 	 	 	 
	 	 	 
	 	By:  	/s/ Americo Cascella
 	 
	 	 	Name:  	Americo Cascella 	 
	 	 	Title:  	Authorized Signatory 	 
	 







	 		
	*	 	For institutions requiring two signature blocks.






 











 





LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment



Name of Institution:





ARCC Commercial Loan Trust 2006

 	 
	 	By:  	/s/ Mitchell Goldstein
 	 
	 	 	Name:  	Mitchell Goldstein 	 
	 	 	Title:  	Authorized Signatory 	 
	 




 









 





LENDERS:




	 	 	 	 	 
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consent to the Amendment



Name of Institution:



Ivy Hill Middle Market Credit Fund, Ltd.

 	 
	 	By:  	/s/ Ryan Cascade
 	 
	 	 	Name:  	Ryan Cascade 	 
	 	 	Title:  	Duly Authorized Signatory 	 
	 




 









 





LENDERS:



	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment



Name of Institution:





OREGON PUBLIC EMPLOYEES

RETIREMENT FUND

 	 
	 	By:  	/s/ Mark Casanova
 	 
	 	 	Name:  	Mark Casanova 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	By:  	
 	* 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 





	 		
	*	 	For institutions requiring two signature blocks.




 









 









LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment



Name of Institution:



ARTUS LOAN FUND 2007-I, LTD.

BABSON CLO LTD. 2004-II

BABSON CLO LTD. 2005-I

BABSON CLO LTD. 2005-II

BABSON CLO LTD. 2005-III

BABSON CLO LTD. 2006-I

BABSON CLO LTD. 2006-II

BABSON CLO LTD. 2007-I

BABSON CLO LTD. 2008-I

BABSON CLO LTD. 2008-II

BABSON LOAN OPPORTUNITY CLO LTD.

OSPREY CDO 2006-1 LTD.

SAPPHIRE VALLEY CDO I, LTD.

SUFFIELD CLO, LIMITED

By: Babson Capital Management LLC as

Collateral Manager

 	 
	 	By:  	/s/ Kenneth M. Gacevich
 	 
	 	 	Name:  	Kenneth M. Gacevich 	 
	 	 	Title:  	Managing Director 	 
	 



	 	 	 	 	 
	 	BABSON CAPITAL LOAN PARTNERS I,
L.P.

By: Babson Capital Management LLC as

Investment Manager

 	 
	 	By:  	/s/ Kenneth M. Gacevich
 	 
	 	 	Name:  	Kenneth M. Gacevich 	 
	 	 	Title:  	Managing Director 	 
	 
	 	HOLLY INVESTMENT CORPORATION

By: Babson Capital Management LLC as

Investment Manager

 	 
	 	By:  	/s/ Kenneth M. Gacevich
 	 
	 	 	Name:  	Kenneth M. Gacevich 	 
	 	 	Title:  	Managing Director 	 
	 




 









 





	 	 	 	 	 
	 	OLYMPIC PARK, LTD.

By: Babson Capital Management LLC as

Investment Manager

 	 
	 	By:  	/s/ Kenneth M. Gacevich
 	 
	 	 	Name:  	Kenneth M. Gacevich 	 
	 	 	Title:  	Managing Director 	 
	 
	 	VINACASA CLO, LTD.

By: Babson Capital Management LLC as

Collateral Servicer

 	 
	 	By:  	/s/ Kenneth M. Gacevich
 	 
	 	 	Name:  	Kenneth M. Gacevich 	 
	 	 	Title:  	Managing Director 	 
	 
	 	XELO VII LIMITED

By: Babson Capital Management LLC as Sub-Adviser

 	 
	 	By:  	/s/ Kenneth M. Gacevich
 	 
	 	 	Name:  	Kenneth M. Gacevich 	 
	 	 	Title:  	Managing Director 	 
	 





 











 





LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment





Name of Institution:





SWISS CAPITAL PRO LOAN LIMITED

For and on Behalf of BNY Mellon Trust

company (Ireland) Limited under power of attorney

 	 
	 	By:  	/s/ Jason Harewood
 	 
	 	 	Name:  	Jason Harewood 	 
	 	 	Title:  	Director 	 
	 





 










 








LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment





Name of Institution:

Bank of Montreal

 	 
	 	By:  	/s/ Peter Konigsmann
 	 
	 	 	Name:  	Peter Konigsmann 	 
	 	 	Title:  	Director 	 
	 



	 	 	 	 	 
	 	 	 
	 	By:  	
 	* 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 




*     For institutions requiring two signature blocks.




 









 








LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

 consent to the Amendment





Name of Institution:





Ariel Reinsurance Company Ltd.

BlackRock Credit Investors Master Fund, L.P.

BlackRock Floating Rate Income Trust

BlackRock Defined Opportunity Credit Trust

BlackRock Fixed Income Value Opportunities Trust

The Broad Institute, Inc

Master Senior Floating Rate LLC

Missouri State Employees’ Retirement System

Senior Loan Portfolio

BlackRock Senior Floating Rate Portfolio

BlackRock Senior Income Series

BlackRock Senior Income Series IV

BlackRock Senior Income Series V Limited

Magnetite V CLO, Limited

 	 
	 	By:  	/s/ Ann Marie Smith
 	 
	 	 	Name:  	Ann Marie Smith 	 
	 	 	Title:  	Authorized Signatory 	 
	 



*     For institutions requiring two signature blocks.




 









 








LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment





Name of Institution:





BCI 1 LOAN FUNDNG LLC

 	 
	 	By:  	/s/ Lynette Skrehot
 	 
	 	 	Name:  	Lynette Skrehot 	 
	 	 	Title:  	Director 	 



 









 






	 	 	 	 	 



LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment





Name of Institution:





LAFAYETTE SQUARE CDO LTD.

By: Blackstone Debt Advisors L.P.

as Collateral Manager

 	 
	 	By:  	/s/ Dean T. Criares
 	 
	 	 	Name:  	Dean T. Criares 	 
	 	 	Title:  	Authorized Signatory 	 



 









 







LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment





Name of Institution:





INWOOD PARK CDO LTD.

By: Blackstone Debt Advisors L.P.

as Collateral Manager

 	 
	 	By:  	/s/ Dean T. Criares
 	 
	 	 	Name:  	Dean T. Criares 	 
	 	 	Title:  	Authorized Signatory 	 
	 




 











 





LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment



Name of Institution:




MONUMENT PARK CDO LTD.

By: Blackstone Debt Advisors L.P. 

as Collateral Manager

 	 
	 	By:  	/s/
Dean T. Criares
 	 
	 	 	Name:  	Dean T. Criares	 
	 	 	Title:  	Authorized Signatory 	 
	 





 









 








LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment





Name of Institution:





LOAN FUNDING VI LLC,

for itself or as agent for Corporate Loan Funding VI LLC

 	 
	 	By:  	/s/ Dean T. Criares
 	 
	 	 	Name:  	Dean T. Criares 	 
	 	 	Title:  	Authorized Signatory 	 
	 




 









 








LENDERS:




	 	 	 	 	 
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Name of Institution:





RIVERSIDE PARK CLO LTD.



By: GSO / Blackstone Debt Funds Management LLC 

as Collateral Manager

 	 
	 	By:  	/s/ Lee M. Shaiman
 	 
	 	 	Name:  	Lee M. Shaiman 	 
	 	 	Title:  	Authorized Signatory 	 
	 




 









 








LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment



Name of Institution:



CHELSEA PARK CLO LTD.


By: GSO / Blackston Debt Funds Management LLC

as Collateral Manager

 	 
	 	By:  	/s/ Lee M. Shaiman
 	 
	 	 	Name: Lee M. Shaiman 	 
	 	 	Title: Authorized Signatory 	 
	 



 









 





LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your 

consent to the Amendment



Name of Institution:



GALE FORCE 4 CLO, LTD.

By: GSO / Blackstone Debt Funds Management LLC 

as Collateral Manager

 	 
	 	By:  	/s/ Lee M. Shaiman
 	 
	 	 	Name:  	Lee M. Shaiman  	 
	 	 	Title:  	Authorized Signatory 	 
	 




 









 





LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your 

consent to the Amendment



Name of Institution:



GALE FORCE 3 CLO, LTD.


By: GSO / Blackstone Debt Funds Management LLC 

as Collateral Manager

 	 
	 	By:  	/s/ Lee M. Shaiman
 	 
	 	 	Name:  	Lee M. Shaiman  	 
	 	 	Title:  	Authorized Signatory 	 
	 




 











 





LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your 
consent to the Amendment



Name of Institution:



GALE FORCE 2 CLO, LTD.

By GSO / Blackstone Debt Funds Management LLC 
as Collateral Manager

 	 
	 	By:  	/s/ Lee M. Shaiman
 	 
	 	 	Name:  	Lee M. Shaiman 	 
	 	 	Title:  	Authorized Signatory 	 













 






	 	 	 	 	 



LENDERS:




	 	 	 	 	 
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Name of Institution:



Sunsuper Pooled Superannuation Trust
By: GSO Capital
Partners LP, its Investment Manager

 	 
	 	By:  	/s/ Lee M. Shaiman
 	 
	 	 	Name:  	Lee M. Shaiman 	 
	 	 	Title:  	Authorized Signatory 	 



 









 






	 	 	 	 	 



LENDERS:




	 	 	 	 	 
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consent to the Amendment



Name of Institution:



Sun Life Assurance Company of Canada (US)
By: GSO CP Holdings LP as Sub-Advisor

 	 
	 	By:  	/s/ Lee M. Shaiman
 	 
	 	 	Name:  	Lee M. Shaiman 	 
	 	 	Title:  	Authorized Signatory 	 



 









 






	 	 	 	 	 



LENDERS:




	 	 	 	 	 
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consent to the Amendment



Name of Institution:



HUDSON STRAITS CLO 2004, LTD.

By: GSO / Blackstone Debt Funds Management LLC as
 Collateral Manager

 	 
	 	By:  	/s/ Lee M. Shaiman
 	 
	 	 	Name:  	Lee M. Shaiman 	 
	 	 	Title:  	Authorized Signatory 	 



 









 






	 	 	 	 	 



LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated
your
 consent to the Amendment



Name of Institution:



FRIEDBERGMILSTEIN PRIVATE CAPITAL FUND I
By: GSO / Blackstone Debt
Funds Management LLC as
 Subadviser to FriedbergMilstein LLC

 	 
	 	By:  	/s/ Lee M. Shaiman
 	 
	 	 	Name:  	Lee M. Shaiman 	 
	 	 	Title:  	Authorized Signatory 	 



 









 






	 	 	 	 	 



LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your 
consent to the Amendment



Name of Institution:



TRIBECA PARK CLO LTD.

By: GSO / Blackstone Debt Funds Management LLC 
as Collateral Manager

 	 
	 	By:  	/s/ Lee M. Shaiman
 	 
	 	 	Name:  	Lee M. Shaiman 	 
	 	 	Title:  	Authorized Signatory 	 



 









 






	 	 	 	 	 



LENDERS:




	 	 	 	 	 
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consent to the Amendment



Name of Institution:



Citron Investment Corporation

By GSO Capital Partners LP as Manager

 	 
	 	By:  	/s/ Lee M. Shaiman
 	 
	 	 	Name:  	Lee M. Shaiman 	 
	 	 	Title:  	Authorized Signatory 	 



 









 






	 	 	 	 	 



LENDERS:




	 	 	 	 	 
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consent to the Amendment



Name of Institution:



CIM VI, L.L.C.

By GSO Capital Partners LP as Manager

 	 
	 	By:  	/s/ Lee M. Shaiman
 	 
	 	 	Name:  	Lee M. Shaiman 	 
	 	 	Title:  	Authorized Signatory 	 



 









 






	 	 	 	 	 



LENDERS:




	 	 	 	 	 
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consent to the Amendment



Name of Institution:



GSO Co-Investment Partners, LLC 
By GSO Capital Partners LP as Manager

 	 
	 	By:  	/s/ Lee M. Shaiman
 	 
	 	 	Name:  	Lee M. Shaiman 	 
	 	 	Title:  	Authorized Signatory 	 



 









 






	 	 	 	 	 



LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment



Name of Institution:



BLT 18 LLC

 	 
	 	By:  	/s/ Douglas DiBella
 	 
	 	 	Name:  	Douglas DiBella 	 
	 	 	Title:  	Authorized Signatory 	 
	 




 











 





LENDERS:




	 	 	 	 	 
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consent to the Amendment



Name of Institution:



CapitalSource Bank

 	 
	 	By:  	/s/ Robert Dailey
 	 
	 	 	Name:  	Robert Dailey 	 
	 	 	Title:  	Banking Officer 	 
	 



	 	 	 	 	 
	 	 	 
	 	By:  	
 	* 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 




	 		
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Name of Institution:




Churchill Financial Cayman Ltd,


by: Churchill Financial LLC, as its Collateral Manager

 	 
	 	By:  	/s/ David Montague
 	 
	 	 	Name:  	David Montague 	 
	 	 	Title:  	Vice President 	 
	 



	 	 	 	 	 
	 	 	 
	 	By:  	
 	* 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 





			
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Name of Institution:



Main Street Capital Corporation

 	 
	 	By:  	/s/ Rodger Stout
 	 
	 	 	Name:  	Rodger Stout 	 
	 	 	Title:  	Senior Vice President & Treasurer 	 
	 



	 	 	 	 	 
	 	 	 
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	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 





			
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LENDERS:




	 	 	 

	 

	 	By signing below, you have indicated your

consent to the Amendment
	 
	 	 
	 

	 	Name of Institution:
	 
	 	 
	 

	 	Cratos CLO I Ltd. 


As a Lender
	 

	 	By: Cratos CDO Management, LLC

As Attorney-in-Fact






	 	 	 	 	 
	 	By:  	Cratos Capital Partners, LLC
 	 
	 	 	Its Manager Ron Banks 	 
	 
	 	 	/s/ Ron Banks 	 
	 	 	Name:

Title:	 Ron Banks

 Managing Director 	 
	 







 











 




LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your 

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Name of Institution:



Atrium II

 	 
	 	By:  	/s/ David H. Lerner
 	 
	 	 	Name:  	David H. Lerner 	 
	 	 	Title:  	Authorized Signatory 	 
	 



	 	 	 	 	 
	 	 	 
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Name of Institution:



Atrium IV

 	 
	 	By:  	/s/ David H. Lerner
 	 
	 	 	Name:  	David H. Lerner 	 
	 	 	Title:  	Authorized Signatory 	 
	 



	 	 	 	 	 
	 	 	 
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	 	 	Name:  	 	 
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Name of Institution:


Atrium V

By: Credit Suisse Alternative Capital, Inc., as collateral manager 

 	 
	 	By:  	/s/ David H. Lerner
 	 
	 	 	Name:  	David H. Lerner 	 
	 	 	Title:  	Authorized Signatory 	 
	 



	 	 	 	 	 
	 	 	 
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Name of Institution:



CSAM Funding IV

 	 
	 	By:  	/s/ David H. Lerner
 	 
	 	 	Name:  	David H. Lerner 	 
	 	 	Title:  	Authorized Signatory 	 
	 



	 	 	 	 	 
	 	 	 
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Name of Institution:



Credit Suisse Syndicated Loan Fund

By: Credit Suisse Alternative Capital, Inc.,
as Agent (Subadvisor) for Credit Suisse Asset Management
(Australia) Limited, the Responsible Entity for Credit
Suisse Syndicated Loan Fund




 	 
	 	By:  	/s/ David H. Lerner
 	 
	 	 	Name:  	David H. Lerner 	 
	 	 	Title:  	Authorized Signatory 	 
	 



	 	 	 	 	 
	 	 	 
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	 	 	Name of Institution:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Madison Park Funding I, Ltd,	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ David H. Lerner	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	David H. Lerner	 	 
	 

	 	 	 	Title:
	 	Authorized Signatory	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
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	 	 	 	Name:	 	 	 	 
	 

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	LENDERS:	 	By signing below, you have indicated your 
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	 	 	Name of Institution: 


Madison Park Funding II Ltd,	 	 
	 

	 	By Credit Suisse Alternative Capital,

Inc. as collateral manager	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ David H. Lerner	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	David H. Lerner	 	 
	 

	 	 	 	Title:
	 	Authorized Signatory	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	 	 	 	 	*
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 







			
	 
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to the Amendment	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Name of Institution:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Castle Garden Funding	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ David H. Lerner	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	David H. Lerner	 	 
	 

	 	 	 	Title:
	 	Authorized Signatory	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	* 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 








			
	 
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Name of Institution:


GoldenTree Capital Opportunities, LP

By:  GoldenTree Asset Management, LP

	 	 	 	 
	 	By:  	              /s/ Karen Weber
 	 
	 	 	Name:  	Karen Weber 	 
	 	 	Title:  	Director — Bank Debt 	 



 









 






	 	 	 	 	 



	 	 	 	 	 
	LENDERS:	 By signing below, you have indicated your
 consent to the Amendment


Name of Institution:


GoldenTree Loan Opportunities III, Limited

By:  GoldenTree Asset Management, LP

	 	 	 	 
	 	By:  	
/s/ Karen Weber
 	 
	 	 	Name:  	Karen Weber 	 
	 	 	Title:  	Director — Bank Debt 	 



 









 






	 	 	 	 	 



	 	 	 	 	 
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Name of Institution:


GoldenTree Loan Opportunities IV, Limited

By:  GoldenTree Asset Management, LP

	 	 	 	 
	 	By:  	              /s/ Karen Weber
 	 
	 	 	Name:  	Karen Weber 	 
	 	 	Title:  	Director — Bank Debt 	 
	 




 









 








	 	 	 	 	 
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Name of Institution:


GoldenTree Loan Opportunities V, Limited

By: GoldenTree Asset Management, LP

	 	 	 	 
	 	By:  	              /s/ Karen Weber
 	 
	 	 	Name:  	Karen Weber 	 
	 	 	Title:  	Director — Bank Debt 	 



 









 







	 	 	 	 	 	 	 	 	 

	LENDERS:	 	By signing below, you have indicated your consent to the Amendment	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	LINCOLN S.A.R.L. SOCIETE A RESPONSABILITE LIMITEE,	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By: Highbridge Leveraged Loan Partners Master Fund, L.P. as
Portfolio Manager	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By: Highbridge Capital Management, LLC as Trading Manager	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By: 	/s/ Marc Creatore	 	 
	 

	 	 	 

	 	 
	 

	 	 	Name: 
	Marc Creatore	 	 
	 

	 	 	Title:
	Director of Operations	 	 







 











 





	 	 	 	 	 
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ALZETTE EUROPEAN CLO S.A.

By: INVESCO Senior Secured Management, Inc.

      As Collateral Manager

 	 
	 	By:  	/s/ Thomas Ewald
 	 
	 	 	Name:  	Thomas Ewald 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	By:  	
 	* 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 






 




			
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AVALON CAPITAL LTD. 3

By: INVESCO Senior Secured Management, Inc.

      As Asset Manager

 	 
	 	By:  	/s/ Thomas Ewald
 	 
	 	 	Name:  	Thomas Ewald 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	By:  	
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	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 







 




			
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CHAMPLAIN CLO, LTD.

By: INVESCO Senior Secured Management, Inc.

      As Collateral Manager

 	 
	 	By:  	/s/ Thomas Ewald
 	 
	 	 	Name:  	Thomas Ewald 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	By:  	
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	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 






 




			
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CHARTER VIEW PORTFOLIO

By: INVESCO Senior Secured Management Inc.

      As Investment Advisor

 	 
	 	By:  	/s/ Thomas Ewald
 	 
	 	 	Name:  	Thomas Ewald 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	By:  	
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	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 







 




			
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DIVERSIFIED CREDIT PORTFOLIO LTD.

By: INVESCO Senior Secured Management, Inc.

      as Investment Adviser

 	 
	 	By:  	/s/ Thomas Ewald
 	 
	 	 	Name:  	Thomas Ewald 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	By:  	
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	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 







 




			
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HUDSON CANYON FUNDING II, LTD

By: INVESCO Senior Secured Management, Inc.

       As Collateral Manager & Attorney InFact

 	 
	 	By:  	/s/ Thomas Ewald
 	 
	 	 	Name:  	Thomas Ewald 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	By:  	
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	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 







 




			
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LIMEROCK CLO I

By: INVESCO Senior Secured Management, Inc.

       As Investment Manager

 	 
	 	By:  	/s/ Thomas Ewald
 	 
	 	 	Name:  	Thomas Ewald 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	By:  	
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	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 







 




			
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MOSELLE CLO S.A.

By: INVESCO Senior Secured Management, Inc. 

       As Collateral Manager

 	 
	 	By:  	/s/ Thomas Ewald
 	 
	 	 	Name:  	Thomas Ewald 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	By:  	
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	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 







 




			
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NAUTIQUE FUNDING LTD.

By: INVESCO Senior Secured Management, Inc. 

       As Collateral Manager

 	 
	 	By:  	/s/ Thomas Ewald
 	 
	 	 	Name:  	Thomas Ewald 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	By:  	 	* 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 







 




			
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SAGAMORE CLO LTD.

By: INVESCO Senior Secured Management, Inc.

       As Collateral Manager

 	 
	 	By:  	/s/ Thomas Ewald
 	 
	 	 	Name:  	Thomas Ewald 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	By:  	
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	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 






 




			
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SARATOGA CLO I, LIMITED

By: INVESCO Senior Secured Management, Inc. 

       As the Asset Manager

 	 
	 	By:  	/s/ Thomas Ewald
 	 
	 	 	Name:  	Thomas Ewald 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	By:  	 	* 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 







 




			
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WASATCH CLO LTD

By: INVESCO Senior Secured Management, Inc. 

       As Portfolio Manager

 	 
	 	By:  	/s/ Thomas Ewald
 	 
	 	 	Name:  	Thomas Ewald 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 







 




			
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CELTS CLO 2007-1 LTD

By: INVESCO Senior Secured Management, Inc.

       As Portfolio Manager

 	 
	 	By:  	/s/ Thomas Ewald
 	 
	 	 	Name:  	Thomas Ewald 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	By:  	
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	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 




			
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Name of Institution: 



Grand Central Asset Trust, Cameron I Series

 	 
	 	By:  	/s/
Patrick W. Reichart
 	 
	 	 	Name:  	Patrick W. Reichart 	 
	 	 	Title:  	Attorney In Fact 	 



 









 






	 	 	 	 	 


LENDERS:





	 	 	 	 	 
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Name of Institution: 



Venture VIII CDO, Limited

By its investment advisor,

MJX Asset Management LLC

 	 
	 	 	 
	 	By:  	                                              /s/ Martin Davey
 	 
	 	 	Name:  	Martin Davey 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	
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	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 




			
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Name of Institution:



Morgan Stanley Investment

Management Garda B.V.

By: Morgan Stanley Investment Management

Limited as Collateral Manager

 	 
	 	By:  	/s/ Robert Drobny
 	 
	 	 	Name:  	Robert Drobny 	 
	 	 	Title:  	Executive Director 	 
	 
	 	 	 
	 	By:  	
 	*  
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 




			
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Name of Institution:



Morgan Stanley Investment

Management Coniston B.V.

By: Morgan Stanley Investment Management 

Limited as Collateral Manager

 	 
	 	By:  	/s/ Robert Drobny
 	 
	 	 	Name:  	Robert Drobny 	 
	 	 	Title:  	Executive Director 	 
	 
	 	 	 
	 	By:  	
 	* 
	 	 	Name:  	 	 
	 	 	Title: 	 
	 




			
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Name of Institution:



Morgan Stanley Investment

Management Mezzano B.V.

Signed By: Morgan Stanley Investment

Management Limited as Collateral Manager

 	 
	 	By:  	/s/ Robert Drobny
 	 
	 	 	Name:  	Robert Drobny 	 
	 	 	Title:  	Executive Director 	 
	 
	 	 	 
	 	By:  	
 	 *  
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 







 




			
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Name of Institution:





Zodiac Fund — Morgan Stanley US

Senior Loan Fund

 	 
	 	By:  	Morgan Stanley Investment Management Inc. as Investment Manager
 	 
	 	 	 
	 	By:  	/s/ Robert Drobny
 	 
	 	 	Name:  	Robert Drobny 	 
	 	 	Title:  	Executive Director 	 
	 
	 	 	 
	 	By:  	
 	* 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 






 




			
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Name of Institution:





VAN KAMPEN

SENIOR INCOME TRUST
 	 
	 	By:  	Van Kampen Asset Management
 	 
	 	 	 
	 	By:  	/s/ Robert Drobny
 	 
	 	 	Name:  	Robert Drobny 	 
	 	 	Title:  	Executive Director 	 
	 
	 	 	 
	 	By:  	
 	* 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 







 




			
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Name of Institution:



VAN KAMPEN

SENIOR LOAN FUND
 	 
	 	By:  	Van Kampen Asset Management
 	 
	 	 	 
	 	By:  	/s/ Robert Drobny
 	 
	 	 	Name:  	Robert Drobny 	 
	 	 	Title:  	Executive Director 	 
	 
	 	 	 
	 	By:  	
 	* 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 







 




			
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Name of Institution:





QUALCOMM Global Trading, lnc.

 	 
	 	By:  	 Morgan Stanley Investment 

Management Inc. as Investment Manager
 	 
	 	 	 
	 	By:  	/s/ Robert Drobny
 	 
	 	 	Name:  	Robert Drobny 	 
	 	 	Title:  	Executive Director 	 
	 
	 	 	 
	 	By:  	
 	* 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 







 




			
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Name of Institution:





Morgan Stanley Prime Income Trust

 	 
	 	By:  	/s/ Robert Drobny
 	 
	 	 	Name:  	Robert Drobny 	 
	 	 	Title:  	Executive Director 	 
	 
	 	 	 
	 	By:  	
 	* 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 







 




			
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	 	 	Name of Institution:	 
	 
	 	 	 	 	 
	 	 	MSIM Peconic Bay, Ltd.	 
	 	 	By: Morgan Stanley Investment Management Inc. as 

Collateral Manager
	 	 	 	 
	 
	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert Drobny
 
Name: Robert Drobny	 
	 

	 	 	 	Title:   Executive Director	 
	 
	 	 	 	 	 
	 

	 	By:	 	 	*
	 

	 	 	 	 
 Name:	 
	 

	 	 	 	Title:	 






			
	 
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	 	 	Name of Institution:	 
	 
	 	 	 	 	 
	 	 	NATIXIS	 
	 
	 	 	 	 	 
	 

	 	By:
	 	/s/ Edward N. Parkes IV
 
Name: 
Edward N. Parkes IV	 
	 

	 	 	 	Title:    Director	 
	 
	 	 	 	 	 
	 

	 	By:
	 	/s/ Harold Birk	 
	 

	 	 	 	 
Name: 
Harold Birk	 
	 

	 	 	 	Title:    Managing Director	 






 









 






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Name of Institution:



Natixis COF I, LLC

 	 
	 	 	 
	 	By:  	                         /s/ Ray Meyer
 	 
	 	 	Name:  	Ray Meyer 	 
	 	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	                         /s/ Patrick  Owens
 	 
	 	 	Name:  	Patrick  Owens 	 
	 	 	Title:  	Managing Director 	 



 









 






	 	 	 	 	 



	 	 	 

	By signing below, you have indicated your Consent to the Amendment
	 	 
	 
	 	 
	Oaktree Senior Loan Fund L.P.
	 	 
	By: Oaktree Senior Loan fund GP, L.P.
	 	 
	Its:  General Partner
	 	 
	 
	 	 
	By: Oaktree Fund GP II, L.P.

Its: General Partner

	 	 
	 
	 	 
	/s/ Desmund Shirazi
 

Name: Desmund Shirazi

	 	 
	Title:   Authorized Signatory
	 	 
	 
	 	 
	/s/ William Melanson
 

Name: William Melanson

	 	 
	Title:   Vice President
	 	 









 









 








	 	 	 

	By signing below, you have indicated your Consent to the Amendment
	 	 
	 
	 	 
	Oaktree TT Multi-Strategy Fund, L.P.
	 	 
	By: Oaktree TT Multi-Strategy Fund GP, L.P.

	Its:  General Partner
	 	 
	 
	 	 
	By: Oaktree Fund GP, LLC
	 	 
	Its:  General Partner
	 	 
	 
	 	 
	By: Oaktree Fund 1, L.P.

Its: Managing Member
	 	 
	 
	 	 
	/s/ Desmund Shirazi
	 	 
	 

Name: Desmund Shirazi

	 	 
	Title:   Authorized Signatory
	 	 
	 
	 	 
	/s/ William Melanson
	 	 
	 

Name: William Melanson

	 	 
	Title:   Vice President
	 	 









 












 





By signing below, you have indicated your

Consent to the Amendment




The Public Education Employee Retirement System

of Missouri




By: Oaktree Capital Management, L.P.

Its: Investment Manager




	 	 	 	 	 
	 	 	 
	/s/ Desmund Shirazi
 	 	 
	Name:  Desmund Shirazi 	 	 
	Title:  Authorized Signatory 	 	 
	 
	 	 	 
	/s/ William Melanson
 	 	 
	Name:  William Melanson 	 	 
	    Title  Vice President 	 	 
	 






 









 








By signing below, you have indicated your

Consent to the Amendment




The Public School Retirement System

of Missouri




By: Oaktree Capital Management, L.P.

Its: Investment Manager




	 	 	 	 	 
	 	 	 
	/s/ Desmund Shirazi
 	 	 
	Name:  Desmund Shirazi 	 	 
	Title:  Authorized Signatory 	 	 
	 
	 	 	 
	/s/ William Melanson
 	 	 
	Name:  William Melanson 	 	 
	Title  Vice President 	 	 
	 






 









 








By signing below, you have indicated your

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The Delaware Public Employees’ Retirement System




By: Oaktree Capital Management, L.P.

Its: Investment Manager




	 	 	 	 	 
	 	 	 
	/s/ Desmund Shirazi
 	 
	Name:  Desmund Shirazi 	 
	Title:  Authorized Signatory 	 
	 
	 	 	 
	/s/ William Melanson
 	 
	Name:  William Melanson 	 
	Title  Vice President 	 
	 






 









 







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Name of Institution:



Oppenheimer Master Loan Fund, LLC

 	 
	 	By:  	/s/ Jeff Schwartz	 
	 	 	Name: 	Jeff Schwartz 	 
	 	 	Title: 	Assistant Vice President 	 
	 
	 	 	 
	 	By:  	
 	* 
	 	 	Name:  	 	 
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	 	Name of Institution:
	 
	 	 
	 

	 	COMSTOCK FUNDING LTD.
	 

	 	By: Silvermine Capital Management LLC
	 

	 	As Investment Manager






	 	 	 	 	 
	 	 	 
	 	By:  	                                      /s/ Jonathan J. Marks
 	 
	 	 	Name:  	Jonathan J. Marks 	 
	 	 	Title:  	Principal 

Silvermine Capital Management, LLC 	 
	 



	 	 	 	 	 
	 	 	 
	 	By:  	
 	*  
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 




			
	*	 	For institutions requiring two signature blocks.




 









 









LENDERS:




	 	 	 

	 

	 	By signing below, you have indicated your 

consent to the Amendment
	 
	 	 
	 

	 	Name of Institution:
	 
	 	 
	 

	 	GREENS CREEK FUNDING LTD.
	 

	 	By: Silvermine Capital Management,
	 

	 	LLC as Investment Manager








	 	 	 	 	 
	 	 	 
	 	By:  	                                                      /s/ Jonathan J. Marks
 	 
	 	 	Name:  	Jonathan J. Marks 	 
	 	 	Title:  	Principal 

Silvermine Capital Management, LLC 	 
	 
	 	 	 
	 	By:  	
 	*  
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 




			
	*	 	For institutions requiring two signature blocks.




 









 










LENDERS:




	 	 	 

	 

	 	By signing below, you have indicated your
	 

	 	consent to the Amendment
	 
	 	 
	 

	 	Name of Institution:
	 

	 	CANNINGTON FUNDING LTD.
	 

	 	By: Silvermine Capital Management, LLC
	 

	 	as Investment Manager








	 	 	 	 	 
	 	 	 
	 	By:  	/s/ Jonathan J. Marks
 	 
	 	 	Name:  	Jonathan J. Marks 	 
	 	 	Title:  	Principal


Silvermine Capital Management, LLC 	 
	 
	 	 	 
	 	By:  	
 	*  
	 	 	Name:  	 	 
	 	 	Title:  	 	 





	 		
	*	 	For institutions requiring two signature blocks.




 









 










LENDERS:




	 	 	 

	 

	 	By signing below, you have indicated your 

consent to the Amendment
	 

	 	 
	 
	 	 
	 

	 	Name of Institution:
	 
	 	 
	 

	 	ECP CLO 2008-1, LTD
	 

	 	Silvermine Capital Management LLC
	 

	 	As Portfolio Manager






	 	 	 	 	 
	 	 	 
	 	By:  	/s/ Jonathan J. Marks
 	 
	 	 	Name:  	Jonathan J. Marks	 
	 	 	Title:  	Principal


Silvermine Capital Management, LLC 	 
	 
	 	 	 
	 	By:  	
 	*  
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 




			
	*	 	For institutions requiring two signature blocks.






 











 





LENDERS:




	 	 	 

	 

	 	By signing below, you have
indicated your
 consent to the Amendment
	 
	 	 
	 

	 	Name of Institution:
	 
	 

	 	Cornerstone CLO Ltd.
	 

	 	By Stone Tower Debt Advisors LLC,
	 

	 	As its Collateral Manager
	 
	 	 





	 	 	 	 	 	 	 

	 

	 	By:
	 	/s/ Michael W. DelPercio
 

Name: Michael W. DelPercio
	 	 
	 

	 	 	 	Title:   Authorized Signatory	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	 
 

Name:
	*	 
	 

	 	 	 	Title:	 	 







	 		
	*	 	For institutions requiring two signature blocks.




 









 










LENDERS:




	 	 	 

	 

	 	By signing below, you have
indicated your
 consent to the Amendment
	 
	 	 
	 

	 	Name of Institution:
	 
	 

	 	Granite Ventures II Ltd.
	 

	 	By Stone Tower Debt Advisors LLC,
	 

	 	As its Collateral Manager
	 
	 	 





	 	 	 	 	 	 	 

	 

	 	By:
	 	/s/ Michael W. DelPercio
 

Name: Michael W. DelPercio
	 	 
	 

	 	 	 	Title:   Authorized Signatory	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	 
 

Name:
	*	 
	 

	 	 	 	Title:	 	 







	 		
	*	 	For institutions requiring two signature blocks.




 









 










LENDERS:




	 	 	 

	 

	 	By signing below, you have
indicated your
 consent to the Amendment
	 
	 	 
	 

	 	Name of Institution:
	 
	 

	 	Granite Ventures III Ltd.
	 

	 	By Stone Tower Debt Advisors LLC,
	 

	 	As its Collateral Manager
	 
	 	 





	 	 	 	 	 	 	 

	 

	 	By:
	 	/s/ Michael W. DelPercio
 

Name: Michael W. DelPercio
	 	 
	 

	 	 	 	Title:   Authorized Signatory	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	 
 

Name:
	*	 
	 

	 	 	 	Title:	 	 







	 		
	*	 	For institutions requiring two signature blocks.




 









 










LENDERS:




	 	 	 

	 

	 	By signing below, you have
indicated your
 consent to the Amendment
	 
	 	 
	 

	 	Name of Institution:
	 
	 

	 	Rampart CLO 2007 Ltd.
	 

	 	By Stone Tower Debt Advisors LLC,
	 

	 	As its Collateral Manager
	 
	 	 





	 	 	 	 	 	 	 

	 

	 	By:
	 	/s/ Michael W. DelPercio
 

Name: Michael W. DelPercio
	 	 
	 

	 	 	 	Title:   Authorized Signatory	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	 
 

Name:
	*	 
	 

	 	 	 	Title:	 	 






	 		
	*	 	For institutions requiring two signature blocks.




 









 











LENDERS:




	 	 	 

	 

	 	By signing below, you have
indicated your
 consent to the Amendment
	 
	 	 
	 

	 	Name of Institution:
	 
	 

	 	Rampart CLO 2006-1 Ltd.
	 

	 	By Stone Tower Debt Advisors LLC,
	 

	 	As its Collateral Manager
	 
	 	 





	 	 	 	 	 	 	 

	 

	 	By:
	 	/s/ Michael W. DelPercio
 

Name: Michael W. DelPercio
	 	 
	 

	 	 	 	Title:   Authorized Signatory	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	 
 

Name:
	*	 
	 

	 	 	 	Title:	 	 






	 		
	*	 	For institutions requiring two signature blocks.






 











 





	 	 	 	 	 
	LENDERS:	



By signing below, you have indicated your

consent to the Amendment



Name of Institution:



Stone Tower CLO III Ltd.

By Stone Tower Debt Advisors LLC,

As its Collateral Manager

 	 
	 	By:  	/s/ Michael W. DelPercio
 	 
	 	 	Name:  	Michael W. DelPercio 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	By:  	*	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 





	 		
	*	 	For institutions requiring two signature blocks.




 









 










	 	 	 	 	 
	LENDERS: 	



By signing below, you have indicated your

consent to the Amendment



Name of Institution:



Stone Tower CLO IV Ltd.

By Stone Tower Debt Advisors LLC,

As its Collateral Manager

 	 
	 	By:  	/s/ Michael W. DelPercio
 	 
	 	 	Name:  	Michael W. DelPercio 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	By:  	*	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 



			
	*	 	For institutions requiring two signature blocks.




 









 










	 	 	 	 	 
	LENDERS: 	



By signing below, you have indicated your

consent to the Amendment



Name of Institution:



Stone Tower CLO V Ltd.

By Stone Tower Debt Advisors LLC,

As its Collateral Manager

 	 
	 	By:  	/s/ Michael W. DelPercio
 	 
	 	 	Name:  	Michael W. DelPercio 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	By:  	*	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 


			
	*	 	For institutions requiring two signature blocks.




 









 










	 	 	 	 	 
	LENDERS: 	



By signing below, you have indicated your

consent to the Amendment



Name of Institution:



Stone Tower CLO VI Ltd.

By Stone Tower Debt Advisors LLC,

As its Collateral Manager

 	 
	 	By:  	/s/ Michael W. DelPercio
 	 
	 	 	Name:  	Michael W. DelPercio 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	By:  	*	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 



			
	*	 	For institutions requiring two signature blocks.




 









 










	 	 	 	 	 
	LENDERS: 	



By signing below, you have indicated your

consent to the Amendment



Name of Institution:



Stone Tower CLO VII Ltd.

By Stone Tower Debt Advisors LLC,

As its Collateral Manager

 	 
	 	By:  	/s/ Michael W. DelPercio
 	 
	 	 	Name:  	Michael W. DelPercio 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	By:  	*	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 



			
	*	 	For institutions requiring two signature blocks.






 











 





LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your

consent to the Amendment



Name of Institution:



Stone Tower Credit Funding I Ltd.

By Stone Tower Fund Management LLC,
As its Collateral Manager

 	 
	 	 	 
	 	 	 
	 	By:  	/s/ Michael W. DelPercio,
 	 
	 	 	Name:  	Michael W. DelPercio, 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	 	 
	 	By:  	 	 *
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 


			
	*	 	For institutions requiring two signature blocks.




 









 










LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your consent to

the Amendment



WEST BEND MUTUAL INSURANCE COMPANY
 
	 	By:  	TCW Asset Management Company, as its 
Investment Advisor
 	 
	 	 	 	 
	 
	 	By:  	/s/ Edison Hwang
 	 
	 	 	Name:  	Edison Hwang	 
	 	 	Title:  	Vice President 	 
	 
	 	 	 
	 	By:  	/s/ Gil Tollinchi
 	 
	 	 	Name:  	Gil Tollinchi	 
	 	 	Title:  	Senior Vice President 	 
	 






 









 








LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your consent to 
the Amendment



CELERITY CLO LTD.
 	 
	 	By:  	 TCW Asset Management Company, 
as Agent
 	 
	 	 	 	 
	 
	 	By:  	/s/ Edison Hwang
 	 
	 	 	Name:  	Edison Hwang	 
	 	 	Title:  	Vice President 	 
	 
	 	 	 
	 	By:  	/s/ Gil Tollinchi
 	 
	 	 	Name:  	Gil Tollinchi	 
	 	 	Title:  	Senior Vice President	 
	 






 









 







LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your consent to

the Amendment



FARAKER INVESTMENT PTE LTD.

By: TCW Asset Management Company, 
as Manager


 	 
	 
	 	By:  	/s/ Edison Hwang
 	 
	 	 	Name:  	Edison Hwang	 
	 	 	Title:  	Vice President 	 
	 
	 	 	 
	 	By:  	/s/ Gil Tollinchi
 	 
	 	 	Name:  	Gil Tollinchi	 
	 	 	Title:  	Senior Vice President 	 
	 






 









 








LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your consent to

the Amendment



FIRST 2004-I CLO, LTD.
 	 
	 	By:  	TCW Asset Management Company, 
its Collateral Manager
 	 
	 	 	 	 
	 
	 	 	 
	 	By:  	/s/ Edison Hwang
 	 
	 	 	Name:  	Edison Hwang	 
	 	 	Title:  	Vice President 	 
	 
	 	 	 
	 	By:  	/s/ Gil Tollinchi
 	 
	 	 	Name:  	Gil Tollinchi	 
	 	 	Title:  	Senior Vice President 	 
	 






 











 





LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your consent to the Amendment





FIRST 2004-II CLO, LTD.

By: TCW Asset Management Company,

as its Collateral Manager

 	 
	 	By:  	/s/ Edison Hwang
 	 
	 	 	Name: Edison Hwang 	 
	 	 	Title:   Vice President 	 
	 
	 	 	 
	 	By:  	/s/ Gil Tollinchi
 	 
	 	 	Name: Gil Tollinchi 	 
	 	 	Title:   Senior Vice President 	 
	 







 









 








LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated
your consent to
the Amendment





ILLINOIS STATE BOARD OF INVESTMENT

By: TCW Asset Management Company,

as its Investment Advisor

 	 
	 	By:  	/s/ Edison Hwang
 	 
	 	 	Name: 	Edison Hwang 	 
	 	 	Title: 	Vice President 	 
	 
	 	 	 
	 	By:  	/s/ Gil Tollinchi
 	 
	 	 	Name:  	Gil Tollinchi 	 
	 	 	Title: 	Senior Vice President 	 
	 





 









 








LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated
your consent to 
the Amendment





MOMENTUM CAPITAL FUND, LTD.

By: TCW Asset Management Company

as its Portfolio Manager

 	 
	 	By:  	/s/ Edison Hwang
 	 
	 	 	Name:  	Edison Hwang 	 
	 	 	Title:  	Vice President 	 
	 
	 	 	 
	 	By:  	/s/ Gil Tollinchi
 	 
	 	 	Name:  	Gil Tollinchi 	 
	 	 	Title:  	Senior Vice President 	 
	 







 









 








LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your consent to the Amendment





PARK AVENUE LOAN TRUST

By: TCW Asset Management Company,

as Agent

 	 
	 	By:  	/s/ Edison Hwang
 	 
	 	 	Name: Edison Hwang 	 
	 	 	Title:   Vice President 	 
	 
	 	 	 
	 	By:  	/s/ Gil Tollinchi
 	 
	 	 	Name: Gil Tollinchi 	 
	 	 	Title:   Senior Vice President 	 
	 







 









 








LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your consent to the Amendment





RGA Reinsurance Company

By: TCW Asset Management Company 

as its Investment Advisor

 	 
	 	By:  	/s/ Edison Hwang
 	 
	 	 	Name:  	Edison Hwang 	 
	 	 	Title:  	Vice President 	 
	 
	 	 	 
	 	By:  	/s/ Gil Tollinchi
 	 
	 	 	Name:  	Gil Tollinchi 	 
	 	 	Title:  	Senior Vice President 	 
	 






 











 





LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your consent to the Amendment





TCW Credit Opportunities Fund, L.P.

By: TCW Asset Management Company 
as Manager

 	 
	 	By:  	/s/ Edison Hwang
 	 
	 	 	Name: Edison Hwang 	 
	 	 	Title:   Vice President 	 
	 
	 	 	 
	 	By:  	/s/ Gil Tollinchi
 	 
	 	 	Name: Gil Tollinchi 	 
	 	 	Title:   Senior Vice President 	 
	 




 









 






LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your consent to 

the Amendment



TCW Senior Secured Floating Rate Loan Fund, L.P.

By: TCW Asset Management Company as its

Investment

 
	 	By:  	/s/ Edison Hwang
 	 
	 	 	Name: Edison Hwang 	 
	 	 	Title:   Vice President 	 
	 
	 	 	 
	 	By:  	/s/ Gil Tollinchi
 	 
	 	 	Name: Gil Tollinchi 	 
	 	 	Title:   Senior Vice President 	 
	 




 









 





LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your consent to the Amendment



TCW Senior Secured Loan Fund, LP

By: TCW Asset Management Company, as its

Investment Advisor

 	 
	 	By:  	/s/ Edison Hwang
 	 
	 	 	Name: Edison Hwang 	 
	 	 	Title:   Vice President 	 
	 
	 	 	 
	 	By:  	/s/ Gil Tollinchi
 	 
	 	 	Name: Gil Tollinchi 	 
	 	 	Title:   Senior Vice President 	 
	 




 









 





LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your consent to the Amendment



VELOCITY CLO LTD.

By: TCW Asset Management Company, 
as Collateral Manager

 	 
	 	By:  	/s/ Edison Hwang
 	 
	 	 	Name: Edison Hwang 	 
	 	 	Title:   Vice President 	 
	 
	 	 	 
	 	By:  	/s/ Gil Tollinchi
 	 
	 	 	Name: Gil Tollinchi 	 
	 	 	Title:   Senior Vice President 	 
	 




 









 





LENDERS:




	 	 	 	 	 
	 	By signing below, you have indicated your consent to the Amendment



VITESSE CLO LTD.

By: TCW Asset Management Company as its

Portfolio Manager

 	 
	 	By:  	/s/ Edison Hwang
 	 
	 	 	Name: Edison Hwang 	 
	 	 	Title:   Vice President 	 
	 
	 	 	 
	 	By:  	/s/ Gil Tollinchi
 	 
	 	 	Name: Gil Tollinchi 	 
	 	 	Title:   Senior Vice President 	 
	 




 











 








Exhibit
A to

Amendment:

EXECUTION VERSION




 





$1,305,000,000




CREDIT AGREEMENT



among



BOOZ ALLEN HAMILTON INVESTOR CORPORATION

(f/k/a EXPLORER INVESTOR CORPORATION),



BOOZ ALLEN HAMILTON INC.,

as the Borrower,


The Several Lenders from Time to Time Parties Hereto,



CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,

(f/k/a CREDIT SUISSE)

as Administrative Agent and Collateral Agent,



CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,

(f/k/a CREDIT SUISSE)

as Issuing Lender,



BANC OF AMERICA SECURITIES LLC,



and



CREDIT SUISSE SECURITIES (USA) LLC,

as Joint Lead Arrangers,


and



BANC OF AMERICA SECURITIES LLC,



CREDIT SUISSE SECURITIES (USA) LLC,



BARCLAYS CAPITAL,



GOLDMAN SACHS CREDIT PARTNERS L.P.,



and



MORGAN STANLEY SENIOR FUNDING, INC.,

as Joint Bookrunners



and



SUMITOMO MITSUI BANKING CORPORATION,

as Co-Manager



Dated as of July 31, 2008



and

Amended and Restated as of December 11, 2009



 






 









 








TABLE OF CONTENTS




	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	SECTION 1.
	 	DEFINITIONS	 	 	1	 
	 
	 	 	 	 	 	 
	1.1
	 	Defined Terms	 	 	1	 
	1.2
	 	Other Definitional Provisions	 	 	38	 
	1.3
	 	Pro Forma Calculations	 	 	39	 
	 
	 	 	 	 	 	 
	SECTION 2.
	 	AMOUNT AND TERMS OF COMMITMENTS	 	 	39	 
	 
	 	 	 	 	 	 
	2.1
	 	Term Commitments	 	 	39	 
	2.2
	 	Procedure for Term Loan Borrowing	 	 	40	 
	2.3
	 	Repayment of Term Loans	 	 	40	 
	2.4
	 	Revolving Commitments	 	 	41	 
	2.5
	 	Procedure for Revolving Loan Borrowing	 	 	41	 
	2.6
	 	Swingline Commitment	 	 	42	 
	2.7
	 	Procedure for Swingline Borrowing; Refunding of Swingline Loans	 	 	42	 
	2.8
	 	Repayment of Loans	 	 	43	 
	2.9
	 	Commitment Fees, etc.	 	 	44	 
	2.10
	 	Termination or Reduction of Revolving Commitments	 	 	44	 
	2.11
	 	Optional Prepayments	 	 	44	 
	2.12
	 	Mandatory Prepayments	 	 	46	 
	2.13
	 	Conversion and Continuation Options	 	 	48	 
	2.14
	 	Minimum Amounts and Maximum Number of Eurocurrency Tranches	 	 	48	 
	2.15
	 	Interest Rates and Payment Dates	 	 	48	 
	2.16
	 	Computation of Interest and Fees	 	 	49	 
	2.17
	 	Inability to Determine Interest Rate	 	 	50	 
	2.18
	 	Pro Rata Treatment and Payments	 	 	50	 
	2.19
	 	Requirements of Law	 	 	52	 
	2.20
	 	Taxes	 	 	53	 
	2.21
	 	Indemnity	 	 	55	 
	2.22
	 	Illegality	 	 	55	 
	2.23
	 	Change of Lending Office	 	 	56	 
	2.24
	 	Replacement of Lenders	 	 	56	 
	2.25
	 	Incremental Loans	 	 	56	 
	 
	 	 	 	 	 	 
	SECTION 3.
	 	LETTERS OF CREDIT	 	 	58	 
	 
	 	 	 	 	 	 
	3.1
	 	L/C Commitment	 	 	58	 
	3.2
	 	Procedure for Issuance of Letter of Credit	 	 	58	 
	3.3
	 	Fees and Other Charges	 	 	59	 
	3.4
	 	L/C Participations	 	 	59	 
	3.5
	 	Reimbursement Obligation of the Borrower	 	 	60	 
	3.6
	 	Obligations Absolute	 	 	60	 
	3.7
	 	Letter of Credit Payments	 	 	61	 
	3.8
	 	Applications	 	 	61	 






i









 






	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	SECTION 4.
	 	REPRESENTATIONS AND WARRANTIES	 	 	61	 
	 
	 	 	 	 	 	 
	4.1
	 	Financial Condition	 	 	61	 
	4.2
	 	No Change	 	 	62	 
	4.3
	 	Existence; Compliance with Law	 	 	62	 
	4.4
	 	Corporate Power; Authorization; Enforceable Obligations	 	 	62	 
	4.5
	 	No Legal Bar	 	 	63	 
	4.6
	 	No Material Litigation	 	 	63	 
	4.7
	 	No Default	 	 	63	 
	4.8
	 	Ownership of Property; Liens	 	 	63	 
	4.9
	 	Intellectual Property	 	 	63	 
	4.10
	 	Taxes	 	 	64	 
	4.11
	 	Federal Regulations	 	 	64	 
	4.12
	 	ERISA	 	 	64	 
	4.13
	 	Investment Company Act	 	 	64	 
	4.14
	 	Subsidiaries	 	 	65	 
	4.15
	 	Environmental Matters	 	 	65	 
	4.16
	 	Accuracy of Information, etc.	 	 	65	 
	4.17
	 	Security Documents	 	 	65	 
	4.18
	 	Solvency	 	 	66	 
	 
	 	 	 	 	 	 
	SECTION 5.
	 	CONDITIONS PRECEDENT	 	 	66	 
	 
	 	 	 	 	 	 
	5.1
	 	Conditions to Initial Extension of Credit	 	 	66	 
	5.2
	 	Conditions to Each Revolving Loan Extension of Credit After Closing Date	 	 	68	 
	 
	 	 	 	 	 	 
	SECTION 6.
	 	AFFIRMATIVE COVENANTS	 	 	69	 
	 
	 	 	 	 	 	 
	6.1
	 	Financial Statements	 	 	69	 
	6.2
	 	Certificates; Other Information	 	 	70	 
	6.3
	 	Payment of Taxes	 	 	71	 
	6.4
	 	Conduct of Business and Maintenance of Existence, etc.; Compliance	 	 	71	 
	6.5
	 	Maintenance of Property; Insurance	 	 	71	 
	6.6
	 	Inspection of Property; Books and
Records; Discussions	 	 	72	 
	6.7
	 	Notices	 	 	72	 
	6.8
	 	Additional Collateral, etc.	 	 	73	 
	6.9
	 	Use of Proceeds	 	 	76	 
	6.10
	 	Post-Closing Undertakings	 	 	76	 
	 
	 	 	 	 	 	 
	SECTION 7.
	 	NEGATIVE COVENANTS	 	 	76	 
	 
	 	 	 	 	 	 
	7.1
	 	Financial Covenants	 	 	76	 
	7.2
	 	Indebtedness	 	 	78	 
	7.3
	 	Liens	 	 	81	 
	7.4
	 	Fundamental Changes	 	 	83	 
	7.5
	 	Dispositions of Property	 	 	84	 
	7.6
	 	Restricted Payments	 	 	86	 
	7.7
	 	Investments	 	 	89	 
	7.8
	 	Optional Payments and Modifications of Certain Debt Instruments	 	 	91	 
	7.9
	 	Transactions with Affiliates	 	 	92	 
	7.10
	 	Sales and Leasebacks	 	 	93	 






ii









 






	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	7.11
	 	Changes in Fiscal Periods	 	 	93	 
	7.12
	 	Negative Pledge Clauses	 	 	93	 
	7.13
	 	Clauses Restricting Subsidiary Distributions	 	 	94	 
	7.14
	 	Lines of Business	 	 	94	 
	7.15
	 	Limitation on Hedge Agreements	 	 	95	 
	7.16
	 	Changes in Jurisdictions of Organization; Name	 	 	95	 
	7.17
	 	Limitation on Activities of Holdings	 	 	95	 
	 
	 	 	 	 	 	 
	SECTION 8.
	 	EVENTS OF DEFAULT	 	 	95	 
	 
	 	 	 	 	 	 
	8.1
	 	Events of Default	 	 	95	 
	8.2
	 	Specified Equity Contributions	 	 	99	 
	 
	 	 	 	 	 	 
	SECTION 9.
	 	THE AGENTS	 	 	99	 
	 
	 	 	 	 	 	 
	9.1
	 	Appointment	 	 	99	 
	9.2
	 	Delegation of Duties	 	 	99	 
	9.3
	 	Exculpatory Provisions	 	 	100	 
	9.4
	 	Reliance by the Agents	 	 	100	 
	9.5
	 	Notice of Default	 	 	100	 
	9.6
	 	Non-Reliance on Agents and Other Lenders	 	 	100	 
	9.7
	 	Indemnification	 	 	101	 
	9.8
	 	Agent in Its Individual Capacity	 	 	101	 
	9.9
	 	Successor Agents	 	 	101	 
	9.10
	 	Authorization to Release Liens and Guarantees	 	 	102	 
	9.11
	 	Joint Bookrunners and Co-Manager	 	 	102	 
	 
	 	 	 	 	 	 
	SECTION 10.
	 	MISCELLANEOUS	 	 	102	 
	 
	 	 	 	 	 	 
	10.1
	 	Amendments and Waivers	 	 	102	 
	10.2
	 	Notices	 	 	104	 
	10.3
	 	No Waiver; Cumulative Remedies	 	 	105	 
	10.4
	 	Survival of Representations and Warranties	 	 	105	 
	10.5
	 	Payment of Expenses; Indemnification	 	 	105	 
	10.6
	 	Successors and Assigns; Participations and Assignments	 	 	106	 
	10.7
	 	Adjustments; Set-off	 	 	109	 
	10.8
	 	Counterparts	 	 	110	 
	10.9
	 	Severability	 	 	110	 
	10.10
	 	Integration	 	 	110	 
	10.11
	 	GOVERNING LAW	 	 	110	 
	10.12
	 	Submission to Jurisdiction; Waivers	 	 	110	 
	10.13
	 	Acknowledgments	 	 	111	 
	10.14
	 	Confidentiality	 	 	111	 
	10.15
	 	Release of Collateral and Guarantee Obligations; Subordination of Liens	 	 	112	 
	10.16
	 	Accounting Changes	 	 	113	 
	10.17
	 	WAIVERS OF JURY TRIAL	 	 	113	 
	10.18
	 	USA PATRIOT ACT	 	 	113	 
	10.19
	 	Effect of Certain Inaccuracies	 	 	113	 






iii









 






	 	 	 

	SCHEDULES:
	 
	 	 
	1.1

	 	Excluded Subsidiaries
	2.1

	 	Commitments
	2.1A

	 	Commitments
	4.3

	 	Existence; Compliance with Law
	4.4

	 	Consents, Authorizations, Filings and Notices
	4.6

	 	Litigation
	4.8A

	 	Excepted Property
	4.8B

	 	Owned Real Property
	4.14

	 	Subsidiaries
	4.17

	 	UCC Filing Jurisdictions
	6.10

	 	Post-Closing Undertakings
	7.2(d)

	 	Existing Indebtedness
	7.3(f)

	 	Existing Liens
	7.7

	 	Existing Investments
	7.12

	 	Existing Negative Pledge Clauses
	 
	 	 
	EXHIBITS:
	 
	 	 
	A

	 	Form of Guarantee and Collateral Agreement
	B

	 	Form of Compliance Certificate
	C

	 	Form of Closing Certificate
	D

	 	Form of Assignment and Assumption
	E-1

	 	Form of Legal Opinion of Debevoise & Plimpton LLP
	E-2

	 	Form of Legal Opinion of Morris, Nichols, Arsht & Tunnell LLP
	F

	 	Form of Exemption Certificate
	G

	 	Form of Solvency Certificate
	H

	 	Form of Joinder Agreement
	I

	 	Form of Prepayment Option Notice
	J-1

	 	Form of Tranche A Term Loan Note
	J-2

	 	Form of Tranche B Term Loan Note
	J-3

	 	Form of Revolving Note
	J-4

	 	Form of Tranche C Term Loan Note







iv











 





          CREDIT AGREEMENT, dated as of July 31, 2008 and amended and restated as of December 11,
2009, among BOOZ ALLEN HAMILTON INVESTOR CORPORATION (f/k/a EXPLORER INVESTOR CORPORATION), a
Delaware corporation (“Holdings”), BOOZ ALLEN HAMILTON INC., a Delaware corporation (the
“Company” or the “Borrower”), the several banks and other financial institutions or
entities from time to time parties to this Agreement (the “Lenders”), CREDIT SUISSE AG,
CAYMAN ISLANDS BRANCH (f/k/a CREDIT SUISSE), as Administrative Agent and Collateral Agent, CREDIT
SUISSE AG, CAYMAN ISLANDS BRANCH (f/k/a CREDIT SUISSE), as Issuing Lender, BANC OF AMERICA
SECURITIES LLC and CREDIT SUISSE SECURITIES (USA) LLC, as joint lead arrangers, BANC OF AMERICA
SECURITIES LLC, CREDIT SUISSE SECURITIES (USA) LLC, BARCLAYS CAPITAL, the investment banking
division of Barclays Bank PLC, GOLDMAN SACHS CREDIT PARTNERS L.P., and MORGAN STANLEY SENIOR
FUNDING, INC., as joint bookrunners and SUMITOMO MITSUI BANKING CORPORATION, as co-manager.




          WHEREAS, pursuant to that certain credit agreement, dated as of July 31, 2008 (the
“Existing Credit Agreement”), among Holdings, the Initial Borrower, the Borrower, the
Lenders, the Agents, and the other parties thereto, the Lenders extended, and agreed to extend,
credit to the Borrower, and




          WHEREAS, Holdings, the Borrower, the Lenders and the Agents have entered into the First
Amendment pursuant to which, subject to the conditions set forth therein (a) the Tranche C Term
Lenders have agreed to make Tranche C Term Loans to the Borrower in an aggregate principal amount
equal to $350,000,000, (b) the Additional Revolving Lenders have agreed to provide Additional
Revolving Commitments in an aggregate amount equal to $145,000,000 and (c) Holdings, the Borrower,
the Lenders and the Agents have agreed to amend and restate the Existing Credit Agreement in the
form of this Agreement,




          NOW, THEREFORE, the parties hereto hereby agree as follows:




SECTION 1. DEFINITIONS




          1.1 Defined Terms. As used in this Agreement, the terms listed in this Section 1.1
shall have the respective meanings set forth in this Section 1.1.




          “ABR”: for any day, a rate per annum equal to the greater of (a) the Prime Rate in
effect on such day and (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of
1%. For purposes hereof: “Prime Rate” means the prime commercial lending rate of the
Administrative Agent as established from time to time in its principal U.S. office, as in effect
from time to time. Any change in the ABR due to a change in the Prime Rate or the Federal Funds
Effective Rate shall be effective as of the opening of business on the effective day of such change
in the Prime Rate or the Federal Funds Effective Rate, respectively.




          “ABR Loans”: Loans the rate of interest applicable to which is based upon the ABR.




          “Accounting Changes”: as defined in Section 10.16.




          “Acquisition”: as defined in the definition of “Permitted Acquisition”.




          “Act”: as defined in Section 10.18.







1









 








          “Additional Revolving Commitment”: with respect to any Revolving Lender, the new or
additional Revolving Commitment provided by such Revolving Lender on the Amendment and Restatement
Effective Date in the amount set forth under the heading “Additional Revolving Commitment” opposite
such Lender’s name on Schedule 2.1A. The aggregate amount of the Additional Revolving Commitments
is $145,000,000.




          “Additional Revolving Lender”: each Lender that has an Additional Revolving
Commitment.




          “Administrative Agent”: Credit Suisse AG, Cayman Islands Branch (f/k/a Credit
Suisse), as the administrative agent for the Lenders under this Agreement and the other Loan
Documents, together with any of its successors and permitted assigns in such capacity in accordance
with Section 9.9.




          “Affiliate”: as to any Person, any other Person that, directly or indirectly, is in
control of, is controlled by, or is under common control with, such Person. For purposes of this
definition, “control” of a Person means the power, directly or indirectly to direct or cause the
direction of the management and policies of such Person, in either case whether by contract or
otherwise.




          “Agents”: the collective reference to the Collateral Agent and the Administrative
Agent, and for purposes of Sections 10.13 and 10.14, the Lead Arrangers, Joint Bookrunners and
Co-Manager.




          “Aggregate Exposure”: with respect to any Lender at any time, an amount equal to
(a) until the Closing Date, the aggregate amount of such Lender’s Commitments at such time and
(b) thereafter, the sum of (i) the aggregate then unpaid principal amount of such Lender’s Term
Loans, (ii) the aggregate amount of such Lender’s Revolving Commitments then in effect or, if the
Revolving Commitments have been terminated, the amount of such Lender’s Revolving Extensions of
Credit then outstanding and (iii) the aggregate amount of such Lender’s New Loan Commitments then
in effect, or if such New Loan Commitments have been terminated, the amount of such Lender’s New
Loans.




          “Aggregate Exposure Percentage”: with respect to any Lender at any time, the ratio
(expressed as a percentage) of such Lender’s Aggregate Exposure at such time to the total Aggregate
Exposures of all Lenders at such time.




          “Agreed Purposes”: as defined in Section 10.14.




          “Agreement”: this Credit Agreement, as amended and restated as of December 11, 2009,
and as further amended, restated, amended and restated, supplemented or otherwise modified from
time to time.




          “AHYDO Payments”: “applicable high yield discount obligations” (within the meaning of
Section 163(i)(1) of the Code) “catch-up” payments in respect of any Indebtedness (including the
Mezzanine Loans, any Permitted Subordinated Indebtedness and any Indebtedness incurred pursuant to
Section 7.2(v)) the incurrence of which is not otherwise prohibited hereunder to the extent such
Indebtedness provides for the payment of interest on all or any portion of the principal amount of
such Indebtedness by adding such interest to the principal amount thereof.




          “Amendment and Restatement Effective Date”: December 11, 2009.




          “Annual Operating Budget”: as defined in Section 6.2(c).







2









 








          “Applicable Period”: as defined in Section 10.19.




          “Applicable Margin” or “Applicable Commitment Fee Rate”: for any day, with
respect to (i) the Loans (including any Swingline Loan) under the Revolving Facility and the
Tranche A Term Loan Facility, and the commitment fee payable hereunder, the applicable rate per
annum determined pursuant to the Pricing Grid, (ii) the Loans under the Tranche B Term Loan
Facility, in the case of the Applicable Margin, 3.50% with respect to Tranche B Term Loans that are
ABR Loans and 4.50% with respect to Tranche B Term Loans that are Eurocurrency Loans and (iii) the
Loans under the Tranche C Term Loan Facility, in the case of the Applicable Margin, 3.00% with
respect to Tranche C Term Loans that are ABR Loans and 4.00% with respect to Tranche C Term Loans
that are Eurocurrency Loans; provided that from the Closing Date until the next change in
the Applicable Margin or Applicable Commitment Fee Rate in accordance with the Pricing Grid (a) the
Applicable Margin shall be 3.00% with respect to Tranche A Term Loans, Revolving Loans that are ABR
Loans and Swingline Loans and 4.00% with respect to Tranche A Term Loans and Revolving Loans that
are Eurocurrency Loans and (b) the Applicable Commitment Fee Rate shall be 0.50%.




          “Application”: an application, in such form as the relevant Issuing Lender may
specify from time to time, requesting such Issuing Lender to open a Letter of Credit.




          “Approved Fund”: as defined in Section 10.6(b).




          “Asset Sale”: any Disposition of Property or series of related Dispositions of
Property by the Borrower or any of its Restricted Subsidiaries not in the ordinary course of
business (a) under Section 7.5(e) or (p) or (b) not otherwise permitted under Section 7.5, in each
case, which yields Net Cash Proceeds (valued at the initial principal amount thereof in the case of
non-cash proceeds consisting of notes or other debt securities and valued at fair market value in
the case of other non-cash proceeds) in excess of $1,000,000.




          “Assignee”: as defined in Section 10.6(b).




          “Assignment and Assumption”: an Assignment and Assumption, substantially in the form
of Exhibit D.




          “Available Amount”: as at any date, the sum of, without duplication:





     (a) $10,000,000;




     (b) the aggregate cumulative amount, not less than zero, of 50% of Excess Cash Flow for
each fiscal year beginning with the fiscal year ending March 31, 2010;




     (c) the Net Cash Proceeds received after the Closing Date and on or prior to such date
from any Equity Issuance by, or capital contribution to, Holdings or the Borrower (which in
the case of any such Equity Issuance by the Borrower, is not Disqualified Capital Stock)
which, in the case of any such Equity Issuance by, or capital contribution to, Holdings,
have been contributed in cash as common equity to the Borrower, in each case to the extent
it is not a Specified Equity Contribution;




     (d) the aggregate amount of proceeds received after the Closing Date and on or prior to
such date that (i) would have constituted Net Cash Proceeds pursuant to clause (a) of the
definition of “Net Cash Proceeds” except for the operation of any of (A) the Dollar
threshold set



3









 






forth in the definition of “Asset Sale” and (B) the Dollar threshold set forth
in the definition of “Recovery Event” or (ii) constitutes Declined Proceeds;




     (e) the aggregate principal amount of any Indebtedness of the Borrower or any
Restricted Subsidiary issued after the Closing Date (other than Indebtedness issued to a
Restricted Subsidiary), which has been converted into or exchanged for Capital Stock in
Holdings or any Parent Company;




     (f) the amount received by the Borrower or any Restricted Subsidiary in cash (and the
fair market value (as determined in good faith by the Borrower) of Property other than cash
received by the Borrower or any Restricted Subsidiary) after the Closing Date from any
dividend or other distribution by an Unrestricted Subsidiary;




     (g) in the event any Unrestricted Subsidiary has been redesignated as a Restricted
Subsidiary and becomes a Subsidiary Guarantor or has been merged, consolidated or
amalgamated with or into, or transfers or conveys its assets to, or is liquidated into, the
Borrower or any Subsidiary Guarantor, the fair market value (as determined in good faith by
the Borrower) of the Investments of the Borrower or any Restricted Subsidiary in such
Unrestricted Subsidiary at the time of such redesignation, combination or transfer (or of
the assets transferred or conveyed, as applicable);




     (h) an amount equal to any returns (including dividends, interest, distributions,
returns of principal, profits on sale, repayments, income and similar amounts) actually
received in cash, Cash Equivalents and Permitted Liquid Investments by the Borrower or any
Restricted Subsidiary in respect of any Investments made pursuant to Section 7.7(f)(ii)(B),
(h)(B), or (v)(ii); and




     (i) the aggregate amount actually received in cash, Cash Equivalents or Permitted
Liquid Investments by the Borrower or any Restricted Subsidiary in connection with the sale,
transfer or other disposition of its ownership interest in any joint venture that is not a
Subsidiary or in any Unrestricted Subsidiary, in each case, to the extent of the Investment
in such joint venture or Unrestricted Subsidiary;


in each case, that has not been previously applied pursuant to Section 7.6(b), Section 7.7(f)(ii),
(h)(B) or (v)(ii) or Sections 7.8(a)(ii)(A) and 7.8(a)(ii)(B), less the amount of any payments made
pursuant to Section 7.8(a)(ii)(F).




          “Available Revolving Commitment”: as to any Revolving Lender at any time, an amount
equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect (including
any New Loan Commitments which are Revolving Commitments) over (b) such Lender’s Revolving
Extensions of Credit then outstanding; provided that in calculating any Revolving Lender’s
Revolving Extensions of Credit under its Revolving Commitment for the purpose of determining such
Revolving Lender’s Available Revolving Commitments pursuant to Section 2.9(a), the aggregate
principal amount of Swingline Loans then outstanding shall be deemed to be zero.




          “Benefited Lender”: as defined in Section 10.7(a).




          “Board”: the Board of Governors of the Federal Reserve System of the United States
(or any successor).







4









 








          “Board of Directors”: (a) with respect to a corporation, the board of directors of the
corporation or any committee thereof duly authorized to act on behalf of such board; (b) with
respect to a partnership, the Board of Directors of the general partner of the partnership, or any
committee thereof duly authorized to act on behalf of such board or the board or committee of any
Person serving a similar function; (c) with respect to a limited liability company, the managing
member or members or any controlling committee of managing members thereof or any Person or Persons
serving a similar function; and (d) with respect to any other Person, the board or committee of
such Person serving a similar function.




          “Borrower”: as defined in the preamble hereto.




          “Borrowing Date”: any Business Day specified by the Borrower as a date on which the
Borrower requests the relevant Lenders to make Loans hereunder.




          “Business”: the business activities and operations of the Company and/or its
Affiliates on the Closing Date immediately after giving effect to the transactions contemplated by
the Spin Off Agreement.




          “Business Day”: a day (a) other than a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or required by law to close and (b) with respect
to notices and determinations in connection with, and payments of principal and interest on,
Eurocurrency Loans, such day is also a day for trading by and between banks in Dollar deposits in
the London interbank eurocurrency market.




          “Capital Expenditures”: for any period, with respect to any Person, the aggregate of
all cash expenditures by such Person for the acquisition or leasing (pursuant to a capital lease
but excluding any amount representing capitalized interest) of fixed or capital assets, computer
software or additions to equipment (including replacements, capitalized repairs and improvements
during such period) which are required to be capitalized under GAAP on a balance sheet of such
Person; provided that in any event the term “Capital Expenditures” shall exclude: (i) any
Permitted Acquisition and any other Investment permitted hereunder; (ii) any expenditures to the
extent financed with any Reinvestment Deferred Amount; (iii) expenditures for leasehold
improvements for which such Person is reimbursed in cash or receives a credit; and (iv) capital
expenditures to the extent they are made with the proceeds of equity contributions (other than in
respect of Disqualified Capital Stock) made to the Borrower after the Closing Date.




          “Capital Lease Obligations”: as to any Person, the obligations of such Person to pay
rent or other amounts under any lease of (or other arrangement conveying the right to use) real or
personal Property, or a combination thereof, which obligations are required to be classified and
accounted for as capital leases on a balance sheet of such Person under GAAP and, for the purposes
of this Agreement, the amount of such obligations at any time shall be the capitalized amount
thereof at such time determined in accordance with GAAP; provided that for purposes of this
definition, “GAAP” shall mean generally accepted accounting principles in the United States as in
effect on the Closing Date.




          “Capital Stock”: any and all shares, interests, participations or other equivalents
(however designated) of capital stock of a corporation, and any and all equivalent ownership
interests in a Person (other than a corporation).




          “Carlyle Fund”: Carlyle Partners US V, L.P., and no other Person or entity.







5









 








          “Cash Equivalents”: (a) direct obligations of, or obligations the principal of and
interest on which are unconditionally guaranteed by, the United States of America (or by any agency
thereof to the extent such obligations are backed by the full faith and credit of the United States
of America), in each case maturing within eighteen months from the date of acquisition thereof;




          (b) investments in commercial paper maturing within 270 days from the date of issuance thereof
and having, at such date of acquisition, the highest credit rating obtainable from S&P or from
Moody’s;




          (c) investments in certificates of deposit, banker’s acceptances and time deposits maturing
within one year from the date of acquisition thereof issued or guaranteed by or placed with, and
money market deposit accounts issued or offered by, the Administrative Agent or any domestic office
of any commercial bank organized under the laws of the United States of America or any State
thereof that has a combined capital and surplus and undivided profits of not less than $500,000,000
and that issues (or the parent of which issues) commercial paper rated at least “Prime-1” (or the
then equivalent grade) by Moody’s or “A-1” (or the then equivalent grade) by S&P;




          (d) fully collateralized repurchase agreements with a term of not more than 30 days for
securities described in clause (a) above and entered into with a financial institution satisfying
the criteria of clause (c) above;




          (e) investments in “money market funds” within the meaning of Rule 2a-7 of the Investment
Company Act of 1940, as amended, substantially all of whose assets are invested in investments of
the type described in clauses (a) through (d) above; and




          (f) other short-term investments utilized by Foreign Subsidiaries in accordance with normal
investment practices for cash management in investments of a type analogous to the foregoing.




          “Cash Management Obligations”: obligations owed by the Borrower or any Subsidiary
Guarantor to any Lender or any Affiliate of a Lender in respect of any overdraft and related
liabilities arising from treasury, depository and cash management services, credit or debit card,
or any automated clearing house transfers of funds.




          “Certificated Security”: as defined in the Guarantee and Collateral Agreement.




          “Change in Law”: (a) the adoption of any law, rule or regulation, or (b) any change
in any law, rule or regulation or in the interpretation or application thereof by any Governmental
Authority.




          “Change of Control”: as defined in Section 8.1(j).




          “Chattel Paper”: as defined in the Guarantee and Collateral Agreement.




          “Closing Date”: July 31, 2008.




          “Closing Date Material Adverse Effect”: a “Company Material Adverse Effect” as
defined in the Merger Agreement.




          “Closing Date Stock Certificates”: Collateral consisting of stock certificates
representing the Capital Stock of the Domestic Subsidiaries that are Restricted Subsidiaries (and
not Immaterial







6









 







Subsidiaries) of the Borrower for which a security interest can be perfected by delivering such
stock certificates.




          “Closing Date UCC Filing Collateral”: Collateral for which a security interest can be
perfected by filing a UCC financing statement.




          “Code”: the Internal Revenue Code of 1986, as amended from time to time.




          “Collateral”: the meaning assigned to such term in the Guarantee and Collateral
Agreement.




          “Collateral Agent”: Credit Suisse AG, Cayman Islands Branch (f/k/a Credit Suisse), in
its capacity as collateral agent for the Secured Parties under the Security Documents and any of
its successors and permitted assigns in such capacity in accordance with Section 9.9.




          “Co-Manager”: Sumitomo Mitsui Banking Corporation, in its capacity as co-manager.




          “Commitment”: as to any Lender, the sum of the Tranche A Term Commitments, the
Tranche B Term Commitments, the Tranche C Term Commitments, the Revolving Commitments and the New
Loan Commitments (in each case, if any) of such Lender.




          “Committed Reinvestment Amount”: as defined in the definition of “Reinvestment
Prepayment Amount”.




          “Commonly Controlled Entity”: an entity, whether or not incorporated, that is under
common control with Holdings within the meaning of Section 4001 of ERISA or is part of a group that
includes Holdings and that is treated as a single employer under Section 414(b), (c), (m) or (o) of
the Code.




          “Commonly Controlled Plan”: as defined in Section 4.12(b).




          “Company”: as defined in the preamble hereto.




          “Company Reorganization”: the series of transactions described in the “Project
Explorer Summarized Transaction Steps”, dated May 12, 2008, attached as Exhibit D to the Spin-Off
Agreement dated as of May 15, 2008 among the Company, Booz & Company Holdings, LLC, Booz & Company
Inc., Booz & Company Intermediate I Inc. and Booz & Company Intermediate II Inc., as amended,
supplemented or otherwise modified from time to time, provided that any such amendments,
supplements or modifications that are, when taken as a whole, materially adverse to the Lenders,
shall be reasonably acceptable to the Administrative Agent.




          “Compliance Certificate”: a certificate duly executed by a Responsible Officer
substantially in the form of Exhibit B.




          “Confidential Information”: as defined in Section 10.14.




          “Consolidated Current Assets”: at any date, all amounts (other than (a) cash, Cash
Equivalents and Permitted Liquid Investments, (b) deferred financing fees and (c) payments for
deferred taxes so long as such items described in clauses (b) and (c) are not cash items) that
would, in conformity






7









 







with GAAP, be set forth opposite the caption “total current assets” (or any like caption) on a
consolidated balance sheet of the Borrower and its Restricted Subsidiaries at such date.




          “Consolidated Current Liabilities”: at any date, all amounts that would, in
conformity with GAAP, be set forth opposite the caption “total current liabilities” (or any like
caption) on a consolidated balance sheet of the Borrower and its Restricted Subsidiaries at such
date, but excluding (a) the current portion of any Indebtedness of the Borrower and its Restricted
Subsidiaries, (b) without duplication, all Indebtedness consisting of Revolving Loans, L/C
Obligations or Swingline Loans, to the extent otherwise included therein, (c) amounts for deferred
taxes and non-cash tax reserves accounted for pursuant to FASB Interpretation No. 48, (d) any
equity compensation related liability and (e) any liabilities in respect of adjustments to the
outstanding stock options in connection with the Recapitalization Transactions.




          “Consolidated EBITDA”: of any Person for any period, Consolidated Net Income of such
Person and its Restricted Subsidiaries for such period plus, without duplication and, if
applicable, to the extent reflected as a charge in the statement of such Consolidated Net Income
(regardless of classification) for such period, the sum of:





     (a) provisions for taxes based on income (or similar taxes in lieu of income taxes),
profits, capital (or equivalents), including federal, foreign, state, local, franchise,
excise and similar taxes and foreign withholding taxes of such Person paid or accrued
during such period;




     (b) Consolidated Net Interest Expense and, to the extent not reflected in such
Consolidated Net Interest Expense, any net losses on hedging obligations or other
derivative instruments entered into for the purpose of hedging interest rate risk,
amortization or write-off of debt discount and debt issuance costs and commissions,
discounts and other fees and charges associated with Indebtedness (including commitment,
letter of credit and administrative fees and charges with respect to the Facilities and the
Mezzanine Loan Facility);




     (c) depreciation and amortization expense and impairment charges (including deferred
financing fees, capitalized software expenditures, intangibles (including goodwill),
organization costs and amortization of unrecognized prior service costs and actuarial gains
and losses related to pensions and other post-employment benefits);




     (d) any extraordinary, unusual or non-recurring expenses or losses (including (x)
losses on sales of assets outside of the ordinary course of business and restructuring and
integration costs or reserves, including any severance costs, costs associated with office
and facility openings, closings and consolidations, relocation costs and other
non-recurring business optimization expenses and (y) any expenses in connection with the
Recapitalization Transactions (including expenses in respect of adjustments to the
outstanding stock options in connection with the Recapitalization Transactions));




     (e) any other non-cash charges, expenses or losses (except to the extent such charges,
expenses or losses represent an accrual of or reserve for cash expenses in any future
period or an amortization of a prepaid cash expense paid in a prior period);




     (f) stock-option based and other equity-based compensation expenses;




     (g) transaction costs, fees, losses and expenses (whether or not any transaction is
actually consummated) (including those relating to the Merger Transactions, the
transactions



8









 







contemplated hereby and by the Mezzanine Loan Documents (including any amendments or
waivers of the Loan Documents or the Mezzanine Loan Documents), and those payable in
connection with the sale of Capital Stock, the incurrence of Indebtedness permitted by
Section 7.2, transactions permitted by Section 7.4, Dispositions permitted by Section 7.5,
or any Permitted Acquisition or other Investment permitted by Section 7.7 (in each case
whether or not successful));




     (h) all fees and expenses paid pursuant to the Management Agreement;




     (i) proceeds from any business interruption insurance (to the extent not reflected as
revenue or income in such statement of such Consolidated Net Income);




     (j) the amount of cost savings and other operating improvements and synergies
projected by the Borrower in good faith and certified in writing to the Administrative
Agent to be realized as a result of any acquisition (including the Merger Transactions) or
Disposition (including the termination or discontinuance of activities constituting such
business) of business entities or properties or assets, constituting a division or line of
business of any business entity, division or line of business that is the subject of any
such acquisition or Disposition, or from any operational change taken or committed to be
taken during such period (in each case calculated on a pro forma basis as
though such cost savings and other operating improvements and synergies had been realized
on the first day of such period), net of the amount of actual benefits realized during such
period from such actions to the extent already included in the Consolidated Net Income for
such period, provided that (i) the Borrower shall have certified to the
Administrative Agent that (A) such cost savings, operating improvements and synergies are
reasonably anticipated to result from such actions, (B) such actions have been taken, or
have been committed to be taken and the benefits resulting therefrom are anticipated by the
Borrower to be realized within 12 months and (ii) no cost savings shall be added pursuant
to this clause (j) to the extent already included in clause (d) above with respect to such
period;




     (k) cash expenses relating to earn-outs and similar obligations;




     (l) charges, losses, lost profits, expenses or write-offs to the extent indemnified or
insured by a third party, including expenses covered by indemnification provisions in any
agreement in connection with the Merger Transactions, a Permitted Acquisition or any other
acquisition permitted by Section 7.7;




     (m) losses recognized and expenses incurred in connection with the effect of currency
and exchange rate fluctuations on intercompany balances and other balance sheet items;




     (n) costs of surety bonds in connection with financing activities of such Person and
its Restricted Subsidiaries; and




     (o) costs associated with, or in anticipation of, or preparation for, compliance with
the requirements of the Sarbanes-Oxley Act of 2002 and the rules and regulations
promulgated in connection therewith and Public Company Costs;



     minus, to the extent reflected as income or a gain in the statement of such
Consolidated Net Income for such period, the sum of:



9









 






     (a) any extraordinary, unusual or non-recurring income or gains (including gains on
the sales of assets outside of the ordinary course of business);




     (b) any other non-cash income or gains (other than the accrual of revenue in the
ordinary course), but excluding any such items (i) in respect of which cash was received in
a prior period or will be received in a future period or (ii) which represent the reversal
in such period of any accrual of, or reserve for, anticipated cash charges in any prior
period where such accrual or reserve is no longer required, all as determined on a
consolidated basis; and




     (c) gains realized and income accrued in connection with the effect of currency and
exchange rate fluctuations on intercompany balances and other balance sheet items;


provided that for purposes of calculating Consolidated EBITDA of the Borrower and its
Restricted Subsidiaries for any period, (A) the Consolidated EBITDA of any Person or Properties
constituting a division or line of business of any business entity, division or line of business,
in each case, acquired by the Borrower or any of the Restricted Subsidiaries during such period and
assuming any synergies, cost savings and other operating improvements to the extent certified by
the Borrower as having been determined in good faith to be reasonably anticipated to be realizable
within 12 months following such acquisition, or of any Subsidiary designated as a Restricted
Subsidiary during such period, shall be included on a pro forma basis for such
period (but assuming the consummation of such acquisition or such designation, as the case may be,
occurred on the first day of such period) and (B) the Consolidated EBITDA of any Person or
Properties constituting a division or line of business of any business entity, division or line of
business, in each case, Disposed of by the Borrower or any of the Restricted Subsidiaries during
such period, or of any Subsidiary designated as an Unrestricted Subsidiary during such period,
shall be excluded for such period (assuming the consummation of such Disposition or such
designation, as the case may be, occurred on the first day of such period). With respect to each
Subsidiary that is not a wholly-owned Subsidiary or any joint venture, for purposes of calculating
Consolidated EBITDA, the amount of income attributable to such Subsidiary or joint venture, as
applicable, that shall be counted for such purposes shall equal the product of (x) the Borrower’s
direct and/or indirect percentage ownership of such Subsidiary or joint venture and (y) the
aggregate amount of the applicable item of such Subsidiary or joint venture, as applicable, except
to the extent the application of GAAP already takes into account the non-wholly owned subsidiary
relationship. Notwithstanding the forgoing, Consolidated EBITDA shall be calculated without giving
effect to the effects of purchase accounting or similar adjustments required or permitted by GAAP
in connection with the Transactions, any Investment (including any Permitted Acquisition) and any
other acquisition or Investment. For purposes of determining Consolidated EBITDA under this
Agreement, Consolidated EBITDA for the fiscal quarter ended March 31, 2008 shall be deemed to be
$64,635,000. Unless otherwise qualified, all references to “Consolidated EBITDA” in this Agreement
shall refer to Consolidated EBITDA of the Borrower.




          “Consolidated Net Income”: of any Person for any period, the consolidated net income
(or loss) of such Person and its Restricted Subsidiaries for such period, determined on a
consolidated basis in accordance with GAAP; provided that in calculating Consolidated Net
Income of the Borrower and its consolidated Restricted Subsidiaries for any period, there shall be
excluded (a) the income (or loss) of any Person accrued prior to the date it becomes a Restricted
Subsidiary or is merged into or consolidated with the Borrower or any of its Subsidiaries and
(b) the income (or loss) of any Person (other than a Restricted Subsidiary) in which Holdings, the
Borrower or any of its Restricted Subsidiaries has an ownership interest (including any joint
venture), except to the extent that any such income is actually received by Holdings, the Borrower
or such Restricted Subsidiary in the form of dividends or similar distributions (which dividends
and distributions shall be included in the calculation of






10









 







Consolidated Net Income). Notwithstanding the forgoing, for purposes of calculating Excess
Cash Flow, Consolidated Net Income shall not include: (i) extraordinary gains for such period,
(ii) the cumulative effect of a change in accounting principles during such period, (iii) any fees
and expenses incurred during such period, or any amortization thereof for such period, in
connection with any acquisition, investment, recapitalization, asset disposition, issuance or
repayment of debt, issuance of equity securities, refinancing transaction or amendment or other
modification of any debt instrument (in each case, including any such transaction undertaken but
not completed) and any charges or non-recurring merger costs incurred during such period as a
result of any such transaction and (iv) any income (loss) for such period attributable to the early
extinguishment of Indebtedness or Hedge Agreements. Unless otherwise qualified, all references to
“Consolidated Net Income” in this Agreement shall refer to Consolidated Net Income of the Borrower.
There shall be excluded from Consolidated Net Income for any period the purchase accounting
effects of adjustments to inventory, Property and equipment, software and other intangible assets
and deferred revenue required or permitted by GAAP and related authoritative pronouncements
(including the effects of such adjustments pushed down to the Borrower and the Restricted
Subsidiaries), as a result of the Transactions, any consummated acquisition whether consummated
before or after the Closing Date, or the amortization or write-off of any amounts thereof.




          “Consolidated Net Interest Coverage Ratio”: as of any date of determination, the
ratio of (a) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for the most
recently ended Test Period to (b) Consolidated Net Interest Expense of the Borrower and its
Restricted Subsidiaries for such period.




          “Consolidated Net Interest Expense”: of any Person for any period, (a) total cash
interest expense (including that attributable to Capital Lease Obligations) of such Person and its
Restricted Subsidiaries for such period with respect to all outstanding Indebtedness of such Person
and its Restricted Subsidiaries, minus (b) the sum of (i) total cash interest income of
such Person and its Restricted Subsidiaries for such period (excluding any interest income earned
on receivables due from clients), in each case determined in accordance with GAAP plus
(ii) any one time financing fees (to the extent included in such Person’s consolidated interest
expense for such period), including, with respect to the Borrower, those paid in connection with
the Transaction Documents or in connection with any amendment thereof. Unless otherwise qualified,
all references to “Consolidated Net Interest Expense” in this Agreement shall refer to
Consolidated Net Interest Expense of the Borrower.




          “Consolidated Total Assets”: the total assets of the Borrower and its Restricted
Subsidiaries, determined on a consolidated basis in accordance with GAAP, as shown on the
consolidated balance sheet of the Borrower for the most recently completed fiscal quarter for which
financial statements have been delivered pursuant to Section 6.1(a) or (b).




          “Consolidated Total Leverage”: at any date, (a) the aggregate principal amount of all
Funded Debt of the Borrower and its Restricted Subsidiaries on such date, minus (b) cash, Cash
Equivalents and, to the extent they are subject to a perfected Lien pursuant to the Security
Documents, Permitted Liquid Investments held by the Borrower and its Restricted Subsidiaries on
such date, in each case determined on a consolidated basis in accordance with GAAP.




          “Consolidated Total Leverage Ratio”: as of any date of determination, the ratio of
(a) Consolidated Total Leverage on such day to (b) Consolidated EBITDA of the Borrower and the
Restricted Subsidiaries for the most recently ended Test Period.




          “Consolidated Working Capital”: at any date, the difference of (a) Consolidated
Current Assets on such date minus (b) Consolidated Current Liabilities on such date,
provided that, for purposes






11









 







of calculating Excess Cash Flow, increases or decreases in Consolidated Working Capital shall
be calculated without regard to changes in the working capital balance as a result of non-cash
increases or decreases thereof that will not result in future cash payments or receipts or cash
payments or receipts in any previous period, in each case, including, without limitation, any
changes in Consolidated Current Assets or Consolidated Current Liabilities as a result of (i) any
reclassification in accordance with GAAP of assets or liabilities, as applicable, between current
and noncurrent, (ii) the effects of purchase accounting and (iii) the effect of fluctuations in the
amount of accrued or contingent obligations, assets or liabilities under Hedge Agreements.




          “Continuing Directors”: the directors of Holdings on the Closing Date and each other
director of Holdings, if, in each case, such other director’s nomination for election to the Board
of Directors of Holdings is recommended by at least 51% of the then Continuing Directors or such
other director receives the vote of the Sponsor and/or its Affiliates (excluding any operating
portfolio companies of the Sponsor) or any other Permitted Investor in his or her nomination or
election by the shareholders of Holdings.




          “Contractual Obligation”: as to any Person, any provision of any security issued by
such Person or of any written or recorded agreement, instrument or other undertaking to which such
Person is a party or by which it or any of its Property is bound.




          “Declined Proceeds”: the amount of any prepayment declined by the Required Prepayment
Lenders or any Tranche B Term Lender or Tranche C Term Lender, as applicable, in accordance with
Sections 2.12(a), 2.12(b), 2.12(c) or 2.12(e), as the case may be, to the extent, in the case of
amounts declined in accordance with Section 2.12(e), such declined amounts have not been used to
prepay Tranche A Term Loans.




          “Default”: any of the events specified in Section 8.1, whether or not any requirement
for the giving of notice, the lapse of time, or both, has been satisfied.




          “Defaulting Lender”: any Lender that (a) has failed to fund any portion of the Loans,
participations in L/C Obligations or participations in Swingline Loans required to be funded by it
hereunder within one Business Day of the date required to be funded by it hereunder unless such
failure has been cured, (b) has otherwise failed to pay over to the Administrative 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 unless such failure has been cured, or
(c) has been deemed insolvent or become the subject of a bankruptcy or insolvency proceeding or
otherwise has taken any action or become the subject of any action or proceeding of the type
described in Section 8.1(f).




          “Disinterested Director” : as defined in Section 7.9.




          “Derivatives Counterparty”: as defined in Section 7.6.




          “Disposition”: with respect to any Property, any sale, sale and leaseback,
assignment, conveyance, transfer or other effectively complete disposition thereof. The terms
“Dispose” and “Disposed of” shall have correlative meanings.




          “Disqualified Capital Stock”: Capital Stock that (a) requires the payment of any
dividends (other than dividends payable solely in shares of Qualified Capital Stock), (b) matures
or is mandatorily redeemable or subject to mandatory repurchase or redemption or repurchase at the
option of the holders thereof (other than solely for Qualified Capital Stock), in each case in
whole or in part and






12









 







whether upon the occurrence of any event, pursuant to a sinking fund obligation on a fixed
date or otherwise (including as the result of a failure to maintain or achieve any financial
performance standards) or (c) are convertible or exchangeable, automatically or at the option of
any holder thereof, into any Indebtedness, Capital Stock or other assets other than Qualified
Capital Stock, in the case of clauses (a), (b) and (c), prior to the date that is 91 days after the
final scheduled maturity date of the Loans (other than (i) upon payment in full of the Obligations
(other than indemnification and other contingent obligations not yet due and owing) or (ii) upon a
“change in control”; provided that any payment required pursuant to this clause (ii) is
subject to the prior repayment in full of the Obligations (other than indemnification and other
contingent obligations not yet due and owing) that are accrued and payable and the termination of
the Commitments); provided further, however, that if such Capital Stock is issued
to any employee or to any plan for the benefit of employees of the Borrower or the Subsidiaries or
by any such plan to such employees, such Capital Stock shall not constitute Disqualified Capital
Stock solely because it may be required to be repurchased by the Borrower in order to satisfy
applicable statutory or regulatory obligations or as a result of such employee’s termination, death
or disability.




          “Disqualified Institution”: (i) those institutions identified by the Borrower in
writing to the Administrative Agent prior to the Closing Date or, with the consent of the
Administrative Agent (not to be unreasonably withheld; consent of the Administrative Agent shall be
deemed to have been given if the Administrative Agent does not object within 5 Business Days after
identification of an institution) from time to time thereafter, and their known Affiliates and (ii)
business competitors of the Borrower and its Subsidiaries or the Company identified by Borrower in
writing to the Administrative Agent from time to time and their known Affiliates.




          “Dollars” and “$”: dollars in lawful currency of the United States.




          “Domestic Subsidiary”: any direct or indirect Restricted Subsidiary organized under
the laws of any jurisdiction within the United States.




          “Environmental Laws”: any and all applicable laws, rules, orders, regulations,
statutes, ordinances, codes or decrees (including, without limitation, common law) of any
international authority, foreign government, the United States, or any state, provincial, local,
municipal or other governmental authority, regulating, relating to or imposing liability or
standards of conduct concerning protection of the environment, natural resources or human health
and safety as it relates to Releases of Materials of Environmental Concern, as has been, is now, or
at any time hereafter is, in effect.




          “Environmental Liability”: any liability, claim, action, suit, judgment or order
under or relating to any Environmental Law for any damages, injunctive relief, losses, fines,
penalties, fees, expenses (including reasonable fees and expenses of attorneys and consultants) or
costs, whether contingent or otherwise, including those arising from or relating to:
(a) compliance or non-compliance with any Environmental Law, (b) the generation, use, handling,
transportation, storage, treatment or disposal of any Materials of Environmental Concern,
(c) exposure to any Materials of Environmental Concern, (d) the Release of any Materials of
Environmental Concern 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 Issuance”: any issuance by Holdings, the Borrower or any Restricted
Subsidiary of its Capital Stock in a public or private offering.




          “ERISA”: the Employee Retirement Income Security Act of 1974, as amended from time to
time.





13












 





          “Eurocurrency Base Rate”: with respect to each day during each Interest Period, the
rate per annum determined by reference to the British Bankers’ Association Interest Settlement
Rates for deposits in Dollars for a period equal to such Interest Period commencing on the first
day of such Interest Period appearing on the Screen as of 11:00 A.M., London time, two Business
Days prior to the beginning of such Interest Period, as the Eurocurrency Rate for deposits
denominated with a maturity comparable to such Interest Period. In the event that such rate does
not appear on the Screen at such time for any reason, then the “Eurocurrency Base Rate”
shall be determined by reference to such other comparable publicly available service for displaying
eurocurrency rates as may be selected by the Administrative Agent or, in the absence of such
availability, by reference to the rate at which the Administrative Agent is offered deposits at or
about 11:00 A.M., London time, two Business Days prior to the beginning of such Interest Period in
the interbank eurocurrency market where its eurodollar and exchange operations are then being
conducted for delivery on the first day of such Interest Period for the number of days comprised
therein.




          “Eurocurrency Loans”: Loans the rate of interest applicable to which is based upon
the Eurocurrency Rate.




          “Eurocurrency Rate”: with respect to each day during each Interest Period pertaining
to a Eurocurrency Loan, a rate per annum determined for such day in accordance with the following
formula:




Eurocurrency Base Rate

 




1.00 — Eurocurrency Reserve Requirements




          “Eurocurrency Reserve Requirements”: for any day as applied to a Eurocurrency Loan,
the aggregate (without duplication) of the maximum rates (expressed as a decimal fraction) of
reserve requirements in effect on such day (including basic, supplemental, marginal and emergency
reserves) under any regulations of the Board or other Governmental Authority having jurisdiction
with respect thereto dealing with reserve requirements prescribed for eurocurrency funding
(currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board) maintained by a
member bank of the Federal Reserve System.




          “Eurocurrency Tranche”: the collective reference to Eurocurrency Loans under a
particular Facility the then current Interest Periods with respect to all of which begin on the
same date and end on the same later date (whether or not such Loans shall originally have been made
on the same day).




          “Event of Default”: any of the events specified in Section 8.1; provided that
any requirement set forth therein for the giving of notice, the lapse of time, or both, has been
satisfied.




     “Excess Cash Flow”: for any fiscal year of the Borrower, the difference, if any, of
(a) the sum, without duplication, of (i) Consolidated Net Income of the Borrower for such fiscal
year, (ii) the amount of all non-cash charges (including depreciation, amortization and deferred
tax expense) deducted in arriving at such Consolidated Net Income and cash receipts included in
clause (i) of the definition of “Consolidated Net Income” and excluded in arriving at such
Consolidated Net Income, (iii) the amount of the decrease, if any, in Consolidated Working Capital
for such fiscal year (excluding any decrease in Consolidated Working Capital relating to leasehold
improvements for which the Borrower or any of its Subsidiaries is reimbursed in cash or receives a
credit) and (iv) the aggregate net amount of non-cash loss on the Disposition of Property by the
Borrower and its Restricted Subsidiaries during such fiscal year (other than sales of inventory in
the ordinary course of business), to the extent deducted in arriving at
such Consolidated Net Income; minus (b) the sum, without duplication (including, in
the case of clauses (ii) and (viii) below, duplication across periods (provided that all or
any portion of the amounts



14









 




referred to in clauses (ii) and (viii) below with respect to a period
may be applied in the determination of Excess Cash Flow for any subsequent period to the extent
such amounts did not previously result in a reduction of Excess Cash Flow in any prior period)) of:





          (i) the amount of all non-cash gains or credits included in arriving at such
Consolidated Net Income (including, without limitation, credits included in the calculation
of deferred tax assets and liabilities) and cash charges excluded in clauses (i) through
(iv) of the definition of “Consolidated Net Income” and included in arriving at such
Consolidated Net Income;




          (ii) the aggregate amount (A) actually paid by the Borrower and its Restricted
Subsidiaries in cash during such fiscal year on account of Capital Expenditures and
Permitted Acquisitions and (B) committed during such fiscal year to be used to make Capital
Expenditures or Permitted Acquisitions which in either case have been actually made or
consummated or for which a binding agreement exists as of the time of determination of
Excess Cash Flow for such fiscal year (in each case under this clause (ii) other than to the
extent any such Capital Expenditure or Permitted Acquisition is made (or, in the case of the
preceding clause (B), is expected to be made) with the proceeds of new long-term
Indebtedness or an Equity Issuance or with the proceeds of any Reinvestment Deferred
Amount);




          (iii) the aggregate amount of all regularly scheduled principal payments and all
prepayments of Indebtedness (including, without limitation, the Term Loans and, if
applicable, the Mezzanine Loans) of the Borrower and its Restricted Subsidiaries made during
such fiscal year (other than in respect of any revolving credit facility to the extent there
is not an equivalent permanent reduction in commitments thereunder and other than to the
extent any such prepayments are the result of the incurrence of additional indebtedness and
other than optional prepayments of the Term Loans and optional prepayments of Revolving
Loans and Swingline Loans to the extent accompanied by permanent optional reductions of the
Revolving Commitments);




          (iv) the amount of the increase, if any, in Consolidated Working Capital for such
fiscal year (excluding any increase in Consolidated Working Capital relating to leasehold
improvements for which the Borrower or any of its Subsidiaries is reimbursed in cash or
receives a credit);




          (v) the aggregate net amount of non-cash gain on the Disposition of Property by the
Borrower and its Restricted Subsidiaries during such fiscal year (other than sales of
inventory in the ordinary course of business), to the extent included in arriving at such
Consolidated Net Income;




          (vi) fees and expenses incurred in connection with the Transactions or any Permitted
Acquisition (whether or not consummated);




          (vii) purchase price adjustments paid or received in connection with the Merger
Transactions, any Permitted Acquisition or any other acquisition permitted under Section
7.7(h) or (v);




          (viii) (A) the net amount of Investments made during such period pursuant to paragraphs
(d), (f), (h), (l), (v) and (y) of Section 7.7 (to the extent, in the case of clause (y),
such Investment
relates to Restricted Payments permitted under Section 7.6(c), (e), (h) or (i)) or
committed during such period to be used to make Investments pursuant to such paragraphs of
Section 7.7 which



15









 






have been actually made or for which a binding agreement exists as of the
time of determination of Excess Cash Flow for such period (but excluding Investments among
the Borrower and its Restricted Subsidiaries) and (B) permitted Restricted Payments made in
each case by the Borrower during such period and permitted Restricted Payments made by any
Restricted Subsidiary to any Person other than Holdings, the Borrower or any of the
Restricted Subsidiaries during such period, in each case, to the extent permitted by Section
7.6(c), (e), (h), (i) or (p) (to the extent, in the case of clause (p), such Restricted
Payment is funded using cash on hand); provided that the amount of Restricted
Payments made pursuant to Section 7.6(e) and deducted pursuant to this clause (viii) shall
not exceed $10,000,000 in any fiscal year;




          (ix) the amount (determined by the Borrower) of such Consolidated Net Income which is
mandatorily prepaid or reinvested pursuant to Section 2.12(b) (or as to which a waiver of
the requirements of such Section applicable thereto has been granted under Section 10.1)
prior to the date of determination of Excess Cash Flow for such fiscal year as a result of
any Asset Sale or Recovery Event;




          (x) the aggregate amount of any premium or penalty actually paid in cash that is
required to be made in connection with any prepayment of Indebtedness;




          (xi) cash payments by the Borrower and its Restricted Subsidiaries during such period
in respect of long-term liabilities of the Borrower and its Subsidiaries other than
Indebtedness;




          (xii) the aggregate amount of expenditures actually made by the Borrower and its
Restricted Subsidiaries in cash during such period (including expenditures for the payment
of financing fees) to the extent that such expenditures are not expensed during such period
and are not deducted in calculating Consolidated Net Income;




          (xiii) cash expenditures in respect of Hedge Agreements during such period to the
extent not deducted in arriving at such Consolidated Net Income;




          (xiv) the amount of taxes (including penalties and interest) paid in cash in such
period or tax reserves set aside or payable (without duplication) in such period to the
extent they exceed the amount of tax expense deducted in determining Consolidated Net Income
for such period;




          (xv) the amount of cash payments made in respect of pensions and other post-employment
benefits in such period;




          (xvi) payments made in respect of the minority equity interests of third parties in any
non-wholly owned Restricted Subsidiary in such period, including pursuant to dividends
declared or paid on Capital Stock held by third parties in respect of such non-wholly-owned
Restricted Subsidiary; and




          (xvii) the amount representing accrued expenses for cash payments (including with
respect to retirement plan obligations) that are not paid in cash in such fiscal year,
provided that such amounts will be added to Consolidated Excess Cash Flow for the
following fiscal year to the extent not paid in cash during such following fiscal year.



          “Excess Cash Flow Application Date”: as defined in Section 2.12(c).







16









 








          “Excess Cash Flow Percentage”: 50%; provided that the Excess Cash Flow
Percentage shall be reduced to (a) 25% if the Consolidated Total Leverage Ratio as of the last day
of the relevant fiscal year is not greater than 3.75 to 1.00 and (b) to 0% if the Consolidated
Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 2.25 to
1.00. 


          “Existing Credit Agreement”: as defined in the recitals hereto.


          “Excluded Capital Stock”: (a) any Capital Stock with respect to which, in the
reasonable judgment of Administrative Agent (confirmed by notice to the Borrower), (i) the cost of
pledging such Capital Stock in favor of the Secured Parties under the Security Documents shall be
excessive in view of the benefits to be obtained by the Lenders therefrom or (ii) would result in
adverse tax consequences, (b) solely in the case of any pledge of Capital Stock of any Foreign
Subsidiary or any Foreign Subsidiary Holding Company to secure the Obligations, any Capital Stock
of any class of such Foreign Subsidiary or such Foreign Subsidiary Holding Company in excess of 65%
of the outstanding Capital Stock of such class (such percentage to be adjusted by mutual agreement
(not to be unreasonably withheld) upon any change in law as may be required to avoid adverse U.S.
federal income tax consequences to the Borrower or any Subsidiary), (c) any Capital Stock to the
extent the pledge thereof would violate any applicable Requirement of Law, (d) the Capital Stock of
any Special Purpose Entity, any Immaterial Subsidiary (for so long as such Subsidiary remains an
Immaterial Subsidiary) or any Unrestricted Subsidiary and (e) in the case of any Capital Stock of
any Subsidiary that is subject of a Lien permitted under Section 7.3(g) securing Indebtedness
permitted under Section 7.2(t) or (u) any Capital Stock of each such Subsidiary to the extent that
(i) a pledge thereof to secure the Obligations is prohibited by any applicable Contractual
Obligations (other than customary non-assignment provisions which are ineffective under the Uniform
Commercial Code) or (ii) any Contractual Obligation prohibits such a pledge without the consent of
the other party; provided that this clause (ii) shall not apply if (A) such other party is
a Loan Party or a wholly-owned Subsidiary or (B) consent has been obtained to consummate such
pledge and for so long as such Contractual Obligation or replacement or renewal thereof is in
effect or (iii) a pledge thereof to secure the Obligations would give any other party to a
Contractual Obligation the right to terminate its obligations thereunder (other than customary
non-assignment provisions which are ineffective under the Uniform Commercial Code or other
applicable law); provided that this clause (iii) shall not apply if such other party is a
Loan Party or a wholly-owned Subsidiary.



          “Excluded Collateral”: as defined in Section 4.17(a).



          “Excluded Real Property”: (a) any Real Property that is subject to a Lien expressly
permitted by Section 7.3(g) or 7.3(z), (b) any Real Property with respect to which, in the
reasonable judgment of Administrative Agent (confirmed by notice to the Borrower) the cost of
providing a mortgage on such Real Property in favor of the Secured Parties under the Security
Documents shall be excessive in view of the benefits to be obtained by the Lenders therefrom and
(c) any Real Property to the extent providing a mortgage on such Real Property would (i) result in
adverse tax consequences as reasonably determined by the Administrative Agent, (ii) violate any
applicable Requirement of Law, (iii) be prohibited by any applicable Contractual Obligations (other
than customary non-assignment provisions which are ineffective under the Uniform Commercial Code)
or (iv) give any other party (other than a Loan Party or a wholly-owned Subsidiary) to any
contract, agreement, instrument or indenture governing such Real Property the right to terminate
its obligations thereunder (other than customary non-assignment provisions which are ineffective
under the Uniform Commercial Code or other applicable law).



          “Excluded Subsidiary”: (a) each Domestic Subsidiary which is an Immaterial Subsidiary
as of the Closing Date and listed on Schedule 1.1 and each future Domestic Subsidiary which is an
Immaterial Subsidiary, in each case, for so long as such Subsidiary remains an Immaterial
Subsidiary,



17









 






(b) each Domestic Subsidiary that is not a wholly-owned Subsidiary on any date such Subsidiary
would otherwise be required to become a Guarantor pursuant to the requirements of Section 6.8(c)
(for so long as such Subsidiary remains a non-wholly-owned Restricted Subsidiary), (c) any Foreign
Subsidiary Holding Company, (d) each Domestic Subsidiary that is a Subsidiary of a Foreign
Subsidiary, (e) each Unrestricted Subsidiary, (f) each Domestic Subsidiary to the extent that
(i) such Domestic Subsidiary is prohibited by any applicable Contractual Obligation or Requirement
of Law from guaranteeing the Obligations, (ii) any Contractual Obligation prohibits such guarantee
without the consent of the other party or (iii) a guarantee of the Obligations would give any other
party to a Contractual Obligation the right to terminate its obligation thereunder;
provided that clauses (ii) and (iii) shall not be applicable if (A) such other party is a
Loan Party or a wholly-owned Subsidiary or (B) consent has been obtained to provide such pledge and
for so long as such Contractual Obligation or replacement or renewal thereof is in effect, (g) any
Subsidiary that is a Special Purpose Entity or (h) any other Domestic Subsidiary with respect to
which, in the reasonable judgment of the Administrative Agent (confirmed by notice to the Borrower)
the cost of providing a guarantee is excessive in view of the benefits to be obtained by the
Lenders.





          “Existing Revolving Commitment”: with respect to any Revolving Lender, the Revolving
Commitment of such Revolving Lender immediately prior to the Amendment and Restatement Effective
Date, in the amount set forth under the heading “Existing Revolving Commitment” opposite such
Lender’s name on Schedule 2.1A. The aggregate amount of the Existing Revolving Commitments is
$100,000,000.




           “Facility”: each of (a) the Tranche A Term Commitments and the Tranche A Term Loans
made thereunder (the “Tranche A Term Facility”), (b) the Tranche B Term Commitments and the
Tranche B Term Loans made thereunder (the “Tranche B Term Facility”), (c) the Tranche C
Term Commitments and the Tranche C Term Loans made thereunder (the “Tranche C Term
Facility”), (d) any New Loan Commitments and the New Loans made thereunder (a “New
Facility”) and (e) the Revolving Commitments and the extensions of credit made thereunder (the
“Revolving Facility”).




          “Federal Funds Effective Rate”: for any day, the weighted average of the rates on
overnight federal funds transactions with members of the Federal Reserve System arranged by federal
funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of
New York, or, if such rate is not so published for any day that is a Business Day, the average of
the quotations for the day of such transactions received by the Administrative Agent from three
federal funds brokers of recognized standing selected by it.



          “Fee Payment Date”: commencing on September 30, 2008, (a) the last Business Day of
each March, June, September and December and (b) the last day of the Revolving Commitment Period.



          “First Amendment”: Amendment No. 1 to Credit Agreement, dated as of December 8, 2009,
among Holdings, the Borrower, the Lenders party thereto and the Agents, providing for the amendment
and restatement of the Existing Credit Agreement in the form of this Agreement. 


          “Foreign Subsidiary”: any Restricted Subsidiary of the Borrower that is not a
Domestic Subsidiary.



          “Foreign Subsidiary Holding Company”: any Restricted Subsidiary of the Borrower which
is a Domestic Subsidiary substantially all of the assets of which consist of the Capital Stock of
one or more Foreign Subsidiaries.





18









 









          “Funded Debt”: with respect to any Person, all Indebtedness of such Person of the
types described in clauses (a), (b), (e), (g)(ii) or, to the extent related to Indebtedness of the
types described in the preceding clauses, (d) of the definition of “Indebtedness”.


           “Funding Office”: the office of the Administrative Agent specified in Section 10.2 or
such other office as may be specified from time to time by the Administrative Agent as its funding
office by written notice to the Borrower and the Lenders.


           “GAAP”: generally accepted accounting principles in the United States as in effect
from time to time.


           “Governmental Authority”: any nation or government, any state, province or other
political subdivision thereof and any governmental entity exercising executive, legislative,
judicial, regulatory or administrative functions of or pertaining to government and, as to any
Lender, any securities exchange and any self regulatory organization (including the National
Association of Insurance Commissioners).


           “Government Contracts”: as defined in the Guarantee and Collateral Agreement.


           “Guarantee and Collateral Agreement”: the Guarantee and Collateral Agreement, dated
as of July 31, 2008, among Holdings, the Borrower and each Subsidiary Guarantor, substantially in
the form of Exhibit A, as the same may be amended, supplemented or otherwise modified from time to
time.


           “Guarantee Obligation”: as to any Person (the “guaranteeing person”), any
obligation of (a) the guaranteeing person or (b) another Person (including, without limitation, any
bank under any letter of credit) pursuant to which the guaranteeing person has issued a guarantee,
reimbursement, counterindemnity or similar obligation, in either case guaranteeing or by which such
Person becomes contingently liable for any Indebtedness (the “primary obligations”) of any
other third Person (the “primary obligor”) in any manner, whether directly or indirectly,
including, without limitation, any obligation of the guaranteeing person, whether or not
contingent, (i) to purchase any such primary obligation or any Property constituting direct or
indirect security therefor, (ii) to advance or supply funds (1) for the purchase or payment of any
such primary obligation or (2) to maintain working capital, equity capital or any other financial
statement condition or liquidity of the primary obligor or otherwise to maintain the net worth or
solvency of the primary obligor, (iii) to purchase Property, securities or services primarily for
the purpose of assuring the owner of any such primary obligation of the ability of the primary
obligor to make payment of such primary obligation or (iv) otherwise to assure or hold harmless the
owner of any such primary obligation against loss in respect thereof; provided,
however, that the term Guarantee Obligation shall not include endorsements of instruments
for deposit or collection in the ordinary course of business and reasonable indemnity obligations
in effect on the Closing Date or entered into in connection with any acquisition or disposition of
assets or any Investment permitted under this Agreement. The amount of any Guarantee Obligation of
any guaranteeing Person shall be deemed to be the lower of (a) an amount equal to the stated or
determinable amount of the primary obligation in respect of which such Guarantee Obligation is made
and (b) the maximum amount for which such guaranteeing person may be liable pursuant to the terms
of the instrument embodying such Guarantee Obligation, unless such primary obligation and the
maximum amount for which such guaranteeing person may be liable are not stated or determinable, in
which case, the amount of such Guarantee Obligation shall be such guaranteeing person’s maximum
reasonably anticipated liability in respect thereof (assuming such person is required to perform
thereunder) as determined by such Person in good faith.


           “Guarantors”: the collective reference to Holdings and the Subsidiary Guarantors.





19









 








          “Hedge Agreements”: all agreements with respect to any swap, forward, future or
derivative transaction or option or similar agreement involving, or settled by reference to, one or
more rates, currencies, commodities, equity or debt instruments or securities, or economic,
financial or pricing indices or measures of economic, financial or pricing risk or value or any
similar transaction or any combination of these transactions, in each case, entered into by the
Borrower or any Restricted Subsidiary.


          “Holdings”: as defined in the preamble hereto.


          “Holdings IPO”: the issuance by Holdings or any Parent Company of its common Capital
Stock in an underwritten primary public offering (other than a public offering pursuant to a
registration statement on Form S-8) pursuant to an effective registration statement filed with the
SEC in accordance with the Securities Act whether alone or in connection with a secondary public
offering.


          “Immaterial Subsidiary”: on any date, any Subsidiary of the Borrower that has had
less than 5% of Consolidated Total Assets and 5% of annual consolidated revenues of the Borrower
and its Restricted Subsidiaries as reflected on the most recent financial statements delivered
pursuant to Section 6.1 prior to such date; provided that at no time shall all Immaterial
Subsidiaries have in the aggregate Consolidated Total Assets or annual consolidated revenues (as
reflected on the most recent financial statements delivered pursuant to Section 6.1 prior to such
time) in excess of 7.5% of Consolidated Total Assets or annual consolidated revenues, respectively,
of the Borrower and its Restricted Subsidiaries.


          “Increased Amount Date”: as defined in Section 2.25.


          “Indebtedness” of any Person: without duplication, (a) all indebtedness of such
Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes
or similar instruments, (c) all obligations of such Person for the deferred purchase price of
Property or services already received, (d) all Guarantee Obligations by such Person of Indebtedness
of others, (e) all Capital Lease Obligations of such Person, (f) all payments that such Person
would have to make in the event of an early termination, on the date Indebtedness of such Person is
being determined in respect of outstanding Hedge Agreements (such payments in respect of any Hedge
Agreement with a counterparty being calculated subject to and in accordance with any netting
provisions in such Hedge Agreement), (g) the principal component of all obligations, contingent or
otherwise, of such Person (i) as an account party in respect of letters of credit (other than any
letters of credit, bank guarantees or similar instrument in respect of which a back-to-back letter
of credit has been issued under or permitted by this Credit Agreement) and (ii) in respect of
bankers’ acceptances; provided that Indebtedness shall not include (A) trade and other
ordinary course payables, accrued expenses and intercompany liabilities arising in the ordinary
course of business, (B) prepaid or deferred revenue arising in the ordinary course of business, (C)
purchase price holdbacks arising in the ordinary course of business in respect of a portion of the
purchase price of an asset to satisfy unperformed obligations of the seller of such asset or (D)
earn-out and other contingent obligations until such obligations become a liability on the balance
sheet of such Person in accordance with GAAP. The Indebtedness of any Person shall include the
Indebtedness of any partnership in which such Person is a general Partner, other than to the extent
that the instrument or agreement evidencing such Indebtedness expressly limits the liability of
such Person in respect thereof.


          “Indebtedness for Borrowed Money”: (a) to the extent the following would be reflected
on a consolidated balance sheet of the Borrower and its Restricted Subsidiaries prepared in
accordance with GAAP, the principal amount of all Indebtedness of the Borrower and its Restricted
Subsidiaries with respect to (i) borrowed money, evidenced by debt securities, debentures,
acceptances, notes or other similar instruments and (ii) Capital Lease Obligations, (b)
reimbursement obligations for letters of credit




20









 










and financial guarantees (without duplication) (other than ordinary course of business
contingent reimbursement obligations) and (c) Hedge Agreements; provided that the
Obligations shall not constitute Indebtedness for Borrowed Money.




          “Indemnified Liabilities”: as defined in Section 10.5.




          “Indemnitee”: as defined in Section 10.5.




          “Initial Borrower”: Explorer Merger Sub Corporation, a Delaware corporation that was
merged into the Borrower on the Closing Date.




          “Insolvency”: with respect to any Multiemployer Plan, the condition that such Plan is
insolvent within the meaning of Section 4245 of ERISA.




          “Insolvent”: pertaining to a condition of Insolvency.




          “Instrument”: as defined in the Guarantee and Collateral Agreement.




          “Intellectual Property”: the collective reference to all rights, priorities and
privileges relating to intellectual property, whether arising under United States, multinational or
foreign laws or otherwise, including, without limitation, copyrights, copyright licenses, domain
names, patents, patent licenses, trademarks, trademark licenses, trade names, technology, know-how
and processes, and all rights to sue at law or in equity for any infringement or other impairment
thereof, including the right to receive all proceeds and damages therefrom.




          “Interest Payment Date”: (a) commencing on September 30, 2008, as to any ABR Loan,
the last Business Day of each March, June, September and December to occur while such Loan is
outstanding and the final maturity date of such Loan, (b) as to any Eurocurrency Loan having an
Interest Period of three months or less, the last day of such Interest Period, (c) as to any
Eurocurrency Loan having an Interest Period longer than three months, each day that is three
months, or a whole multiple thereof, after the first day of such Interest Period and the last day
of such Interest Period and (d) as to any Loan (other than any Revolving Loan that is an ABR Loan
and any Swingline Loan), the date of any repayment or prepayment made in respect thereof.




          “Interest Period”: as to any Eurocurrency Loan, (a) initially, the period commencing
on the borrowing or conversion date, as the case may be, with respect to such Eurocurrency Loan and
ending one, two, three or six or (if available from all Lenders under the relevant Facility) nine
or twelve months (or such other period acceptable to all such Lenders) thereafter, as selected by
the Borrower in its notice of borrowing or notice of continuation or conversion, as the case may
be, given with respect thereto; and (b) thereafter, each period commencing on the last day of the
next preceding Interest Period applicable to such Eurocurrency Loan and ending one, two, three or
six or (with the consent of each affected Lender under the relevant Facility) nine or twelve months
(or such other period acceptable to all such Lenders) thereafter, as selected by the Borrower by
irrevocable notice to the Administrative Agent not later than 1:00 P.M., New York City time, on the
date that is three Business Days prior to the last day of the then current Interest Period with
respect thereto; provided that all of the foregoing provisions relating to Interest Periods
are subject to the following:





          (i) if any Interest Period would otherwise end on a day that is not a Business Day,
such Interest Period shall be extended to the next succeeding Business Day unless the result
of such



21









 




extension would be to carry such Interest Period into another calendar month in which
event such Interest Period shall end on the immediately preceding Business Day;





          (ii) any Interest Period that would otherwise extend beyond the scheduled Revolving
Termination Date or beyond the date final payment is due on the Term Loans shall end on the
Revolving Termination Date or such due date, as applicable; and




          (iii) 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 a calendar month.



          “Investments”: as defined in Section 7.7.




          “Issuing Lenders”: (a) Credit Suisse AG, Cayman Islands Branch, (f/k/a Credit Suisse)
and (b) any other Revolving Lender from time to time designated by the Borrower, in its sole
discretion, as an Issuing Lender with the consent of such other Revolving Lender.




          “Joinder Agreement”: an agreement substantially in the form of Exhibit H.




          “Joint Bookrunners”: Banc of America Securities LLC, Credit Suisse Securities (USA)
LLC, Barclays Capital, the investment banking division of Barclays Bank PLC, Goldman Sachs Credit
Partners L.P. and Morgan Stanley Senior Funding, Inc, in their capacity as joint bookrunners.




          “L/C Commitment”: $60,000,000.




          “L/C Obligations”: at any time, an amount equal to the sum of (a) the aggregate then
undrawn and unexpired face amount of the then outstanding Letters of Credit and (b) the aggregate
amount of drawings under Letters of Credit that have not then been reimbursed. The L/C Obligations
of any Lender at any time shall be its Revolving Percentage of the total L/C Obligations at such
time.




          “L/C Participants”: the collective reference to all the Revolving Lenders other than
the applicable Issuing Lender.




          “Lead Arrangers”: Banc of America Securities LLC and Credit Suisse Securities (USA)
LLC in their capacity as joint lead arrangers.




          “Lenders”: as defined in the preamble hereto.




          “Letters of Credit”: as defined in Section 3.1(a).




          “Lien”: any mortgage, pledge, hypothecation, collateral assignment, encumbrance, lien
(statutory or other), charge or other security interest or any other security agreement of any kind
or nature whatsoever (including any conditional sale or other title retention agreement and any
capital lease having substantially the same economic effect as any of the foregoing). For the
avoidance of doubt, it is understood and agreed that the Borrower and any Restricted Subsidiary
may, as part of its business, grant licenses to third parties to use Intellectual Property owned or
developed by, or licensed to, such entity. For purposes of this Agreement and the other Loan
Documents, such licensing activity, and licenses granted pursuant to the Merger Documents, shall
not constitute a “Lien” on such Intellectual Property. Each of the Administrative Agent and each
Lender understands that any such licenses may be exclusive to the applicable licensees, and such
exclusivity provisions may limit the ability of the Administrative Agent






22









 







to utilize, sell, lease, license or transfer the related Intellectual Property or otherwise
realize value from such Intellectual Property pursuant hereto.




          “Loan”: any loan made by any Lender pursuant to this Agreement.




          “Loan Documents”: the collective reference to this Agreement, the Security Documents
and the Notes (if any) and any amendment, waiver, supplement or other modification to any of the
foregoing.




          “Loan Parties”: Holdings, the Borrower and each Subsidiary Guarantor.




          “Majority Facility Lenders”: with respect to any Facility, the holders of more than
50% of the aggregate unpaid principal amount of the Tranche A Term Loans, Tranche B Term Loans,
Tranche C Term Loans, New Loans or the Revolving Extensions of Credit, as the case may be,
outstanding under such Facility (or (i) in the case of the Revolving Facility, prior to any
termination of the Revolving Commitments under such Facility, the holders of more than 50% of the
Revolving Commitments under such Facility or (ii) in the case of any New Facility that is a
revolving credit facility, prior to any termination of the New Loan Commitments under such
Facility, the holders of more than 50% of the New Loan Commitments under such Facility);
provided, however, that determinations of the “Majority Facility Lenders” shall
exclude any Commitments or Loans held by the Carlyle Fund.




          “Majority Revolving Facility Lenders”: the Majority Facility Lenders in respect of
the Revolving Facility.




          “Majority Tranche A Term Facility Lenders”: the Majority Facility Lenders in respect
of the Tranche A Term Facility.




          “Majority Tranche B Term Facility Lenders”: the Majority Facility Lenders in respect
of the Tranche B Term Facility.




          “Majority Tranche C Term Facility Lenders”: the Majority Facility Lenders in respect
of the Tranche C Term Facility.




          “Management Agreement”: the Management Agreement, by and between Explorer Holding
Corporation, the Borrower and TC Group V, L.L.C., as in effect on the Closing Date and as modified
from time to time with the consent of the Administrative Agent (which consent shall not be
unreasonably withheld or delayed).




          “Mandatory Prepayment Date”: as defined in Section 2.12(e).




          “Material Adverse Effect”: a material adverse effect on (a) the business, operations,
assets, financial condition or results of operations of the Borrower and its Restricted
Subsidiaries, taken as a whole, or (b) the material rights and remedies available to the
Administrative Agent and the Lenders, taken as a whole, under the Loan Documents.




          “Material Real Property”: any Real Property located in the United States and owned in
fee by a Loan Party on the Closing Date having an estimated fair market value (in the good faith
judgment of such Loan Party) exceeding $2,000,000 and any after-acquired Real Property located in
the United States owned by a Loan Party having a gross purchase price exceeding $2,000,000 at the
time of acquisition.







23









 








          “Material Subsidiary”: any Subsidiary that is not an Immaterial Subsidiary.




          “Materials of Environmental Concern”: any gasoline or petroleum (including crude oil
or any fraction thereof) or petroleum products, polychlorinated biphenyls, urea-formaldehyde
insulation, asbestos, pollutants, contaminants, radioactivity and any other substances that are
defined as hazardous or toxic under any Environmental Law, that are regulated pursuant to any
Environmental Law.




          “Merger Agreement”: the Agreement and Plan of Merger, dated as of May 15, 2008, by
and among, Holdings, the Company, Explorer Holding Corporation, the Initial Borrower and Booz &
Company Inc.




          “Merger Documents”: collectively, the Merger Agreement, the Spin Off Agreement, and
all schedules, exhibits, annexes and amendments thereto (including the execution versions of any
agreements that are exhibits or annexes thereto), in each case, as amended, supplemented or
otherwise modified from time to time.




          “Merger Transactions”: the transactions contemplated by the Merger Documents.




          “Mezzanine Facility Indebtedness”: Indebtedness incurred under the Mezzanine Loan
Facility.




          “Mezzanine Loan Agreement”: the Mezzanine Credit Agreement, dated as of July 31,
2008, among the Borrower, the lenders from time to time parties thereto, Credit Suisse AG, Cayman
Islands Branch (f/k/a Credit Suisse), as administrative agent, and Credit Suisse Securities (USA)
LLC, Banc of America Securities LLC and Lehman Brothers Inc., as joint lead arrangers and joint
bookrunners, as such agreement may be amended, supplemented or otherwise modified from time to time
or refunded, refinanced, restructured, replaced, renewed, repaid, increased or extended from time
to time to the extent not prohibited by this Agreement (whether in whole or in part, whether with
the original administrative agent and lenders or other agents and lenders or otherwise, and whether
provided under the original Mezzanine Loan Agreement or other credit agreements, indentures or
otherwise, unless such agreement or instrument expressly provides that it is not intended to be and
is not a Mezzanine Loan Agreement hereunder).




          “Mezzanine Loan Documents”: the Loan Documents as defined in the Mezzanine Loan
Agreement or any other documentation evidencing any Mezzanine Loan Facility, as the same may be
amended, supplemented or otherwise modified, extended, renewed, refinanced or replaced from time to
time to the extent not prohibited by this Agreement.




          “Mezzanine Loan Facility”: the collective reference to the Mezzanine Loan Agreement,
any Mezzanine Loan Documents, any notes issued pursuant thereto and any guarantee agreement, and
other instruments and documents executed and delivered pursuant to or in connection with any of the
foregoing, in each case as the same may be amended, supplemented or otherwise modified from time to
time, or refunded, refinanced, restructured, replaced, renewed, repaid, increased or extended from
time to time (whether in whole or in part, whether with the original agent and lenders or other
agents and lenders or otherwise, and whether provided under the original Mezzanine Loan Agreement
or other credit agreements, indentures or otherwise, unless such agreement expressly provides that
it is not intended to be and is not a Mezzanine Loan Facility hereunder).




          “Mezzanine Loans”: the loans made pursuant to the Mezzanine Loan Agreement.







24









 








          “Moody’s”: Moody’s Investors Service, Inc. or any successor to the rating agency
business thereof.




          “Mortgaged Properties”: all Real Property that shall be subject to a Mortgage that is
delivered pursuant to the terms of this Agreement.




          “Mortgage”: any mortgage, deed of trust, hypothec, assignment of leases and rents or
other similar document delivered on or after the Closing Date by any Loan Party in favor of, or for
the benefit of, the Collateral Agent for the benefit of the Secured Parties, with respect to
Mortgaged Properties, each substantially in form and substance reasonably acceptable to the
Administrative Agent and the Borrower (taking into account the law of the jurisdiction in which
such mortgage, deed of trust, hypothec or similar document is to be recorded), as the same may be
amended, restated, amended and restated, supplemented or otherwise modified from time to time.




          “Multiemployer Plan”: a Plan that is a multiemployer plan as defined in Section
4001(a)(3) of ERISA.




          “Net Cash Proceeds”: (a) in connection with any Asset Sale or any Recovery Event, the
proceeds thereof in the form of cash, Cash Equivalents and Permitted Liquid Investments (including
any such proceeds received by way of deferred payment of principal pursuant to a note or
installment receivable or purchase price adjustment receivable or otherwise, but only as and when
received) received by any Loan Party, net of (i) attorneys’ fees, accountants’ fees, investment
banking fees, consulting fees, amounts required to be applied to the repayment of Indebtedness
secured by a Lien expressly permitted hereunder on any asset which is the subject of such Asset
Sale or Recovery Event (other than any Lien pursuant to a Security Document) and other customary
fees and expenses actually incurred by any Loan Party in connection therewith; (ii) taxes paid or
reasonably estimated to be payable by any Loan Party as a result thereof (after taking into account
any available tax credits or deductions and any tax sharing arrangements); (iii) the amount of any
reasonable reserve established in accordance with GAAP against any liabilities (other than any
taxes deducted pursuant to clause (ii) above) (A) associated with the assets that are the subject
of such event and (B) retained by the Borrower or any of the Restricted Subsidiaries,
provided that the amount of any subsequent reduction of such reserve (other than in
connection with a payment in respect of any such liability) shall be deemed to be Net Cash Proceeds
of such event occurring on the date of such reduction and (iv) the pro rata portion of the Net Cash
Proceeds thereof (calculated without regard to this clause (iv)) attributable to minority interests
and not available for distribution to or for the account of the Borrower or any Domestic Subsidiary
as a result thereof and (b) in connection with any Equity Issuance or other issuance or sale of
debt securities or instruments or the incurrence of Funded Debt, the cash proceeds received from
such issuance or incurrence, net of attorneys’ fees, investment banking fees, accountants’ fees,
consulting fees, underwriting discounts and commissions and other customary fees and expenses
actually incurred in connection therewith.




          “New Facility”: as defined in the definition of “Facility”.




          “New Lender”: as defined in Section 2.25.




          “New Loan Commitments”: as defined in Section 2.25.




          “New Loans”: any loan made by any New Lender pursuant to this Agreement.




          “New Revolving Loans”: as defined in Section 2.25.







25









 








          “New Subsidiary”: as defined in Section 7.2(t).




          “New Term Lender”: a Lender that has a New Term Loan.




          “New Term Loans”: as defined in Section 2.25.




          “Non-Excluded Subsidiary”: any Subsidiary of the Borrower which is not an Excluded
Subsidiary.




          “Non-Excluded Taxes”: as defined in Section 2.20(a).




          “Non-Guarantor Subsidiary”: any Subsidiary of the Borrower which is not a Subsidiary
Guarantor.




          “Non-Recourse Debt”: Indebtedness (a) with respect to which no default would permit
(upon notice, lapse of time or both) any holder of any other Indebtedness of Holdings, the Borrower
or any of its Restricted Subsidiaries to declare a default on such other Indebtedness or cause the
payment thereof to be accelerated or payable prior to its stated maturity and (b) as to which the
lenders or holders thereof will not have any recourse to the capital stock or assets of Holdings,
the Borrower or any of its Restricted Subsidiaries.




          “Non-US Lender”: as defined in Section 2.20(d).




          “Note”: any promissory note evidencing any Loan, which promissory note shall be in
the form of Exhibit J-1, Exhibit J-2, Exhibit J-3 or Exhibit J-4, as applicable, or such other form
as agreed upon by the Administrative Agent and the Borrower.




          “Obligations”: the unpaid principal of and interest on (including, without
limitation, interest accruing after the maturity of the Loans and Reimbursement Obligations and
interest accruing after the filing of any petition in bankruptcy, or the commencement of any
insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a claim for
post-filing or post-petition interest is allowed or allowable in such proceeding) the Loans, the
Reimbursement Obligations and all other obligations and liabilities of the Borrower to the
Administrative Agent, the Collateral Agent or to any Lender (or, in the case of Specified Hedge
Agreements or Cash Management Obligations of the Borrower or any of its Subsidiaries to the
Administrative Agent, the Collateral Agent, any Lender or any affiliate of any Lender), whether
direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter
incurred, in each case, which may arise under, out of, or in connection with, this Agreement, any
other Loan Document, the Letters of Credit, any Specified Hedge Agreement or Cash Management
Obligations or any other document made, delivered or given in connection herewith or therewith,
whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs,
expenses (including, without limitation, all fees, charges and disbursements of counsel to the
Administrative Agent or any Lender that are required to be paid by the Borrower pursuant hereto) or
otherwise; provided that (a) obligations of the Borrower or any of the Subsidiary
Guarantors under any Specified Hedge Agreement or any Cash Management Obligations shall be secured
and guaranteed pursuant to the Security Documents only to the extent that, and for so long as, the
other Obligations are so secured and guaranteed and (b) any release of Collateral or Guarantors
effected in the manner permitted by this Agreement shall not require the consent of holders of
obligations under Specified Hedge Agreements or Cash Management Obligations.




          “Offer”: as defined in Section 2.11(c)(i).







26









 








          “Offer Loans”: as defined in Section 2.11(c)(i).




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




          “Parent Company”: any direct or indirect parent of Holdings.




          “Participant”: as defined in Section 10.6(c).




          “Payment Amount”: as defined in Section 3.5.




          “PBGC”: the Pension Benefit Guaranty Corporation established pursuant to Subtitle A
of Title IV of ERISA (or any successor).




          “Permitted Acquisition”: (a) any acquisition (including, if applicable, in the case
of any Intellectual Property, by way of license) approved by the Required Lenders, (b) any
acquisition made solely with the Net Cash Proceeds of any substantially concurrent Equity Issuance
or capital contribution (other than Disqualified Capital Stock) or (c) any acquisition of a
majority controlling interest in the Capital Stock, or all or substantially all of the assets, of
any Person, or of all or substantially all of the assets constituting a division, product line or
business line of any Person (each, an “Acquisition”), if such Acquisition described in this
clause (c) complies with the following criteria:





          (a) no Event of Default shall be in effect immediately prior or after giving effect to
such Acquisition; and




          (b) if the total consideration (other than any equity consideration) in respect of such
Acquisition exceeds $10,000,000, the Borrower shall have delivered to the Administrative
Agent a certificate of the Borrower signed by a Responsible Officer to such effect, together
with all relevant financial information for such Subsidiary or asset to be acquired
reasonably requested by the Administrative Agent prior to such acquisition to the extent
available.



          “Permitted Business”: the Business and any services, activities or businesses
incidental or directly related or similar to any line of business engaged in by the Borrower and
its Subsidiaries as of the Closing Date or any business activity that is a reasonable extension,
development or expansion thereof or ancillary thereto.




          “Permitted Investors”: the collective reference to the Sponsor and its Affiliates
(but excluding any operating portfolio companies of the foregoing), the members of management of
Holdings and its Subsidiaries that have ownership interests in Holdings as of the Closing Date, and
the directors of Holdings and its Subsidiaries or any Parent Company on, or as of no later than 60
days following, the Closing Date.




          “Permitted Liquid Investments”: (a) securities issued or directly and fully and
unconditionally guaranteed or insured by the United States government or any agency or
instrumentality thereof the securities of which are unconditionally guaranteed as a full faith and
credit obligation of such government with maturities of 24 months or less from the date of
acquisition, (b) certificates of deposit, time deposits and eurodollar time deposits with
maturities of 24 months or less from the date of acquisition, bankers’ acceptances with maturities
not exceeding 24 months and overnight bank deposits,






27









 







in each case, with any domestic commercial bank having capital and surplus in excess of
$250,000,000, (c) repurchase obligations with a term of not more than 30 days for underlying
securities of the types described in clauses (a) and (b) above entered into with any financial
institution meeting the qualifications specified in clause (b) above, (d) commercial paper having a
rating of at least A-1 from S&P or P-1 from Moody’s (or, if at any time neither Moody’s nor S&P
shall be rating such obligations, an equivalent rating from another rating agency) and maturing
within 24 months after the date of acquisition and Indebtedness and Preferred Stock issued by
Persons with a rating of “A” or higher from S&P or “A2” or higher from Moody’s with maturities of
24 months or less from the date of acquisition, (e) readily marketable direct obligations issued by
any state of the United States or any political subdivision thereof having one of the two highest
rating categories obtainable from either Moody’s or S&P with maturities of 24 months or less from
the date of acquisition, (f) marketable short-term money market and similar securities having a
rating of at least P-1 or A-1 from Moody’s or S&P, respectively (or, if at any time neither Moody’s
nor S&P shall be rating such obligations, an equivalent rating from another rating agency) and in
each case maturing within 24 months after the date of creation or acquisition thereof,
(g) Investments with average maturities of 12 months or less from the date of acquisition in money
market funds rated AA- (or the equivalent thereof) or better by S&P or Aa3 (or the equivalent
thereof) or better by Moody’s, (h) instruments equivalent to those referred to in clauses (a)
through (g) above denominated in euro or pound sterling or any other foreign currency comparable in
credit quality and tenor to those referred to above and customarily used by corporations for cash
management purposes in any jurisdiction outside the United States to the extent reasonably required
in connection with any business conducted by any Restricted Subsidiary organized in such
jurisdiction including, without limitation, certificates of deposit or bankers’ acceptances of, and
bank deposits with, any bank organized under the laws of any country that is a member of the
European Economic Community or Canada or any subdivision thereof, whose short-term commercial paper
rating from S&P is at least A-1 or the equivalent thereof or from Moody’s is at least P-1 or the
equivalent thereof, in each case with maturities of not more than 24 months from the date of
acquisition and (i) investment in funds which invest substantially all of their assets in Cash
Equivalents of the kinds described in clauses (a) through (h) of this definition.




          “Permitted Refinancings”: with respect to any Person, refinancings, replacements,
modifications, refundings, renewals or extensions of Indebtedness provided that (a) there
is no increase in the principal amount (or accrued value) thereof (excluding accrued interest,
fees, discounts, premiums and expenses), (b) the weighted average life to maturity of such
Indebtedness is greater than or equal to the shorter of (i) the weighted average life to maturity
of the Indebtedness being refinanced and (ii) the weighted average life to maturity that would
result if all payments of principal on the Indebtedness being refinanced that were due on or after
the date that is one year following the Tranche B Term Maturity Date were instead due one year
following the Tranche B Term Maturity Date, (c) if the Indebtedness being refinanced, refunded,
modified, renewed or extended is subordinated in right of payment to the Obligations, such
refinancing, refunding, modification, renewal or extension is subordinated in right of payment to
the Obligations (A) on terms at least as favorable to the Lenders as those contained in the
documentation governing the Indebtedness being refinanced, refunded, modified, renewed or extended,
(B) on terms consistent with the then-prevailing market terms for subordination of comparable
Indebtedness or (C) on terms to which the Administrative Agent shall agree, (d) the terms and
conditions (including, if applicable, as to collateral) of any such refinanced, refunded, modified,
renewed or extended Indebtedness are not materially less favorable to the Lenders than the terms
and conditions of the Indebtedness being modified, refinanced, refunded, renewed or extended, (e)
no Default or Event of Default shall have occurred and be continuing at the time thereof or no
Default or Event of Default would result from any such refinancing, refunding, modification,
renewal or extension and (f) with respect to any such Indebtedness that is secured, neither the
Borrower nor any Restricted Subsidiary shall be an obligor or guarantor of any such refinancings,
replacements, refundings, renewals or extensions except to






28









 







the extent that such Person was such an obligor or guarantor in respect of the applicable
Indebtedness being modified, refinanced, refunded, renewed or extended.




          “Permitted Subordinated Indebtedness”: unsecured, senior subordinated or subordinated
Indebtedness of the Borrower or any Restricted Subsidiary (including guarantees thereof by the
Borrower or any Guarantor, as applicable), provided that (a) no scheduled principal
payments, mandatory prepayments, redemptions or sinking fund payments of any Permitted Subordinated
Indebtedness shall be required prior to the date at least 180 days following the Tranche B Term
Maturity Date (or, such later date that is the latest final maturity date of any incremental
extensions of credit hereunder) (other than customary offers to purchase upon a change of control,
asset sale, customary acceleration rights upon an event of default and AHYDO Payments), (b) the
covenants and events of default of such Permitted Subordinated Indebtedness (i) shall be, taken as
a whole, customary for Indebtedness of a similar nature as such Permitted Subordinated Indebtedness
or (ii) shall otherwise not have been objected to by the Administrative Agent, after the
Administrative Agent shall have been afforded a period of five Business Days to review such terms
of such Permitted Subordinated Indebtedness, (c) the terms of subordination applicable to any
Permitted Subordinated Indebtedness shall be (i) taken as a whole, customary for unsecured
subordinated high yield debt securities issued by any Affiliates of the Sponsor or (ii) shall
otherwise not have been objected to by the Administrative Agent, after the Administrative Agent
shall have been afforded a period of five Business Days to review such terms of such Permitted
Subordinated Indebtedness and (d) no Default or Event of Default shall have occurred and be
continuing at the time of incurrence of such Indebtedness or would result therefrom.




          “Person”: an individual, partnership, corporation, limited liability company,
business trust, joint stock company, trust, unincorporated association, joint venture, Governmental
Authority or other entity of whatever nature.




          “Plan”: at a particular time, any employee benefit plan as defined in Section 3(3) of
ERISA and in respect of which Holdings, the Borrower or any of its Restricted Subsidiaries is (or,
if such plan were terminated at such time, would under Section 4069 of ERISA be deemed to be) an
“employer” as defined in Section 3(5) of ERISA, including a Multiemployer Plan.




          “Pledged Securities”: as defined in the Guarantee and Collateral Agreement.




          “Pledged Stock”: as defined in the Guarantee and Collateral Agreement.




          “Prepayment Option Notice”: as defined in Section 2.12(e).




          “Pricing Grid”: the table set forth below:




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Applicable Margin	 	Applicable Margin	 	Applicable Margin	 	Applicable Margin	 	 	 
	 	 	for Tranche A Term	 	for Tranche A Term	 	for Revolving Loans	 	for Revolving Loans	 	 	 
	Consolidated Total	 	Loans that are	 	Loans that are ABR	 	that are	 	that are ABR Loans	 	Applicable
	Leverage Ratio	 	Eurocurrency Loans	 	Loans	 	Eurocurrency Loans	 	and Swingline Loans	 	Commitment Fee Rate	 
	≥ 4.00:1.00
	 	 	4.00	%	 	 	3.00	%	 	 	4.00	%	 	 	3.00	%	 	 	 	 
	< 4.00:1.00
	 	 	3.75	%	 	 	2.75	%	 	 	3.75	%	 	 	2.75	%	 	 	 	 
	≥ 3.50:1.00
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.500	%
	< 3.50:1.00
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.375	%






29









 





Changes in the Applicable Margin with respect to Loans or the Applicable Commitment Fee Rate
resulting from changes in the Consolidated Total Leverage Ratio shall become effective on the date
on which financial statements are delivered to the Lenders pursuant to Section 6.1 and shall remain
in effect until the next change to be effected pursuant to this paragraph. If any financial
statements referred to above are not delivered within the time periods specified in Section 6.1,
then, at the option of (and upon the delivery of notice (telephonic or otherwise) by) the
Administrative Agent or the Required Lenders, until such financial statements are delivered, the
Consolidated Total Leverage Ratio as at the end of the fiscal period that would have been covered
thereby shall for the purposes of this definition be deemed to be greater than 4.00 to 1.00. In
addition, at all times while an Event of Default set forth in Section 8.1(a) or 8.1(f) shall have
occurred and be continuing, the Consolidated Total Leverage Ratio shall for the purposes of the
Pricing Grid be deemed to be greater than 4.00 to 1.00.




          “Prime Rate”: as defined in the definition of “ABR”.




          “Property”: any right or interest in or to property of any kind whatsoever, whether
real, personal or mixed and whether tangible or intangible, including, without limitation, Capital
Stock.




          “Public Company Costs”: costs relating to compliance with the provisions of the
Securities Act and the Exchange Act, as applicable to companies with equity or debt securities held
by the public, the rules of national securities exchange companies with listed equity or debt
securities, directors’ compensation, fees and expense reimbursement, costs relating to investor
relations, shareholder meetings and reports to shareholders or debtholders, directors and officers’
insurance and other executive costs, legal and other professional fees, and listing fees.




          “Qualified Capital Stock”: any Capital Stock that is not Disqualified Capital Stock.




          “Rate Determination Notice”: as defined in Section 2.22.




          “Ratio Calculation Date”: as defined in Section 1.3(a).




          “Real Property”: collectively, all right, title and interest of the Borrower or any
other Subsidiary in and to any and all parcels of real property owned or operated by the Borrower
or any other Subsidiary together with all improvements and appurtenant fixtures, easements and
other property and rights incidental to the ownership, lease or operation thereof.




          “Recapitalization Transactions”: the incurrence by the Borrower of Tranche C Term
Loans, and the use of the net proceeds thereof, together with other funds, to (i) pay dividends or
make other distributions (including payments in respect of stock options) to holders of the Capital
Stock of the Borrower, Holdings or any Parent Company and (ii) pay, or permit Holdings or any
Parent Company to pay, amounts due in respect of the Deferred Obligation Amount under and as
defined in the Merger Agreement.







30









 








          “Recovery Event”: any settlement of or payment in respect of any Property or casualty
insurance claim or any condemnation proceeding relating to any asset of the Borrower or any
Domestic Subsidiary that is a Restricted Subsidiary, in an amount for each such event exceeding
$1,000,000.




          “Reference Period”: the period of four fiscal quarters most recently ended
immediately prior to the date of any specified event for which financial statements have been
delivered pursuant to Section 6.1.




          “Refinanced Term Loans”: as defined in Section 10.1.




          “Refinancing”: the repayment of certain existing Indebtedness of the Company on the
Closing Date.




          “Refunded Swingline Loans”: as defined in Section 2.7(b).




          “Register”: as defined in Section 10.6(b)(iv).




          “Regulation U”: Regulation U of the Board as in effect from time to time.




          “Reimbursement Obligation”: the obligation of the Borrower to reimburse an Issuing
Lender pursuant to Section 3.5 for amounts drawn under Letters of Credit issued by such Issuing
Lender.




          “Reinvestment Deferred Amount”: with respect to any Reinvestment Event, the aggregate
Net Cash Proceeds received by any Loan Party for its own account in connection therewith that are
not applied to prepay the Term Loans pursuant to Section 2.12 as a result of the delivery of a
Reinvestment Notice.




          “Reinvestment Event”: any Asset Sale or Recovery Event in respect of which a Loan
Party has delivered a Reinvestment Notice.




          “Reinvestment Notice”: a written notice signed on behalf of any Loan Party by a
Responsible Officer stating that such Loan Party (directly or indirectly through a Subsidiary)
intends and expects to use all or a specified portion of the Net Cash Proceeds of an Asset Sale or
Recovery Event to acquire assets or make investments useful in the Business.




          “Reinvestment Prepayment Amount”: with respect to any Reinvestment Event, the
Reinvestment Deferred Amount relating thereto less any amount contractually committed by
the applicable Loan Party (directly or indirectly through a Subsidiary) to be expended prior to the
relevant Reinvestment Prepayment Date (a “Committed Reinvestment Amount”), or actually
expended prior to such date, in each case to acquire assets or make investments useful in the
Business.




          “Reinvestment Prepayment Date”: with respect to any Reinvestment Event, the earlier
of (i) the date occurring 12 months after such Reinvestment Event and (ii) with respect to any
portion of a Reinvestment Deferred Amount, the date on which any Loan Party shall have determined
not to acquire assets or make investments useful in the Business with such portion of such
Reinvestment Deferred Amount.




          “Related Business Assets”: assets (other than cash, Cash Equivalents or Permitted
Liquid Investments) used or useful in a Permitted Business; provided that any assets
received by the Borrower or a Restricted Subsidiary in exchange for assets transferred by the
Borrower or a Restricted Subsidiary shall





31











 




not be deemed to be Related Business Assets if they consist of securities of a Person,
unless upon receipt of the securities of such Person, such Person would become a Restricted
Subsidiary.




          “Release”: any release, spill, emission, leaking, dumping, injection, pouring,
deposit, disposal, discharge, dispersal, leaching or migration into or through the environment or
within or upon any building, structure or facility.




          “Reorganization”: with respect to any Multiemployer Plan, the condition that such
plan is in reorganization within the meaning of Section 4241 of ERISA.




          “Replacement Term Loans”: as defined in Section 10.1.




          “Reportable Event”: any of the events set forth in Section 4043(c) of ERISA, other
than those events as to which the thirty day notice period is waived by the PBGC in accordance with
the regulations thereunder.




          “Representatives”: as defined in Section 10.14.




          “Repricing Transaction”: any prepayment of the Tranche B Term Loans using proceeds of
Indebtedness incurred by the Borrower or one or more Subsidiaries from a substantially concurrent
issuance or incurrence of secured, syndicated term loans, including, without limitation, by way of
Replacement Loans incurred pursuant to Section 10.1(d), provided by one or more banks, financial
institutions or other Persons for which the interest rate payable thereon (disregarding any
performance or ratings based pricing grid that could result in a lower interest rate based on
future performance) is lower than the Eurocurrency Rate on the date of such optional prepayment
plus the Applicable Margin with respect to the Tranche B Term Loans on the date of such optional
prepayment, provided that the primary purpose of such prepayment is to refinance Tranche B
Term Loans at a lower interest rate.




          “Required Lenders”: at any time, the holders of more than 50% of (a) until the
Closing Date, the Commitments then in effect and (b) thereafter, the sum of (i) the aggregate
unpaid principal amount of the Term Loans then outstanding, (ii) the Revolving Commitments then in
effect or, if the Revolving Commitments have been terminated, the Revolving Extensions of Credit
then outstanding and (iii) the New Loan Commitments then in effect in respect of any New Facility
that is a revolving credit facility or, if such New Loan Commitments have been terminated, the New
Revolving Loans then outstanding; provided, however, that determinations of the
“Required Lenders” shall exclude any Commitments or Loans held by the Carlyle Fund.




          “Required Prepayment Lenders”: the holders of more than 50% of the aggregate unpaid
principal amount of the Tranche A Term Loans, the Tranche B Term Loans and the Tranche C Term
Loans.




          “Requirement of Law”: as to any Person, the certificate of incorporation and by-laws
or other organizational or governing documents of such Person, and any law, treaty, rule or
regulation or determination of an arbitrator or a court or other Governmental Authority, in each
case applicable to or binding upon such Person or any of its Property or to which such Person or
any of its Property is subject.




          “Responsible Officer”: the chief executive officer, president, chief financial
officer (or similar title) controller or treasurer (or similar title) of Holdings or the Borrower,
as applicable, or (with respect to Section 6.7) any Restricted Subsidiary and, with respect to
financial matters, the chief financial




32









 







officer (or similar title), controller or treasurer (or similar title) of Holdings or the Borrower, as applicable.




          “Restricted Payments”: as defined in Section 7.6.




          “Restricted Subsidiary”: any Subsidiary of the Borrower which is not an Unrestricted
Subsidiary.




          “Revolving Commitment Period”: the period from and including the Closing Date to the
Revolving Termination Date.




          “Revolving Commitments”: as to any Revolving Lender, the obligation of such Lender,
if any, to make Revolving Loans and participate in Swingline Loans and Letters of Credit in an
aggregate principal and/or face amount not to exceed the amount set forth under the heading
“Revolving Commitment” opposite such Lender’s name on Schedule 2.1A, or, as the case may be, in the
Assignment and Assumption pursuant to which such Lender became a party hereto, as the same may be
changed from time to time pursuant to the terms hereof. The Revolving Commitment of each Revolving
Lender as of the Amendment and Restatement Effective Date is equal to the sum of such Revolving
Lender’s Existing Revolving Commitment, if any, and Additional Revolving Commitment, if any. The
aggregate amount of the Revolving Commitments as of the Amendment and Restatement Effective Date is
$245,000,000.




          “Revolving Extensions of Credit”: as to any Revolving Lender at any time, an amount
equal to the sum of, without duplication (a) the aggregate principal amount of all Revolving Loans
held by such Lender then outstanding, (b) such Lender’s Revolving Percentage of the L/C Obligations
then outstanding and (c) such Lender’s Revolving Percentage of the aggregate principal amount of
Swingline Loans then outstanding.




          “Revolving Facility”: as defined in the definition of “Facility”.




          “Revolving Lender”: each Lender that has a Revolving Commitment or that holds
Revolving Loans.




          “Revolving Loans”: as defined in Section 2.4(a).




          “Revolving Percentage” as to any Revolving Lender at any time, the percentage which
such Lender’s Revolving Commitment then constitutes of the aggregate Revolving Commitments or, at
any time after the Revolving Commitments shall have expired or terminated, the percentage which
such Revolving Lender’s Revolving Extensions of Credit then outstanding constitutes of the
aggregate Revolving Extensions of Credit then outstanding.




          “Revolving Termination Date”: the sixth anniversary of the Closing Date.




          “S&P”: Standard & Poor’s Ratings Group, Inc., or any successor to the rating agency
business thereof.




          “Screen”: the relevant display page for the Eurocurrency Base Rate (as reasonably
determined by the Administrative Agent) on the Bloomberg Information Service or any successor
thereto; provided that if the Administrative Agent determines that there is no such
relevant display page or otherwise in Bloomberg for the Eurocurrency Base Rate, “Screen” means such
other comparable publicly





33









 







available service for displaying the Eurocurrency Base Rate (as
reasonably determined by the Administrative Agent).




          “SEC”: the Securities and Exchange Commission (or successors thereto or an analogous
Governmental Authority).




          “Secured Parties”: collectively, the Lenders, the Administrative Agent, the
Collateral Agent, the Swingline Lender, any Issuing Lender, any other holder from time to time of
any of the Obligations and, in each case, their respective successors and permitted assigns.




          “Securities Act”: the Securities Act of 1933, as amended, and the rules and
regulations of the SEC promulgated thereunder.




          “Security”: as defined in the Guarantee and Collateral Agreement.




          “Security Documents”: the collective reference to the Guarantee and Collateral
Agreement and all other security documents (including any Mortgages) hereafter delivered to the
Administrative Agent or the Collateral Agent purporting to grant a Lien on any Property of any Loan
Party to secure the Obligations.




          “Single Employer Plan”: any Plan (other than a Multiemployer Plan) subject to the
provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA and in respect
of which any Loan Party or any Commonly Controlled Entity is (or, if such plan were terminated,
would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of
ERISA.




          “Solvent”: with respect to any Person, as of any date of determination, (a) the
amount of the “present fair saleable value” of the assets of such Person will, as of such date,
exceed the amount of all “liabilities of such Person, contingent or otherwise”, as of such date, as
such quoted terms are determined in accordance with applicable federal and state laws governing
determinations of the solvency of debtors, (b) the present fair saleable value of the assets of
such Person will, as of such date, be greater than the amount that will be required to pay the
liability of such Person on its debts as such debts become absolute and matured, (c) such Person
will not have, as of such date, an unreasonably small amount of capital with which to conduct its
business and (d) such Person will be able to pay its debts as they mature. For purposes of this
definition, (i) “debt” means liability on a “claim”, (ii) “claim” means any (x) right to payment,
whether or not such a right is reduced to judgment, liquidated, unliquidated, fixed, contingent,
matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured or (y) right to an
equitable remedy for breach of performance if such breach gives rise to a right to payment, whether
or not such right to an equitable remedy is reduced to judgment, fixed, contingent, matured or
unmatured, disputed, undisputed, secured or unsecured and (iii) except as otherwise provided by
applicable law, the amount of “contingent liabilities” at any time shall be the amount thereof
which, in light of all the facts and circumstances existing at such time, can reasonably be
expected to become actual or matured liabilities.




          “Special Purpose Entity”: Booz Allen Hamilton Intellectual Property Holdings, LLC or
any other Person formed or organized primarily for the purpose of holding trademarks, service
marks, trade names, logos, slogans and/or internet domain names containing the mark “Booz” without
the names “Allen” or “Hamilton” and licensing such marks to Booz & Company Inc. and its affiliates.




          “Specified Equity Contribution”: as defined in Section 8.2.





34









 








          “Specified Hedge Agreement”: any Hedge Agreement (a) entered into by (i) the Borrower
or any Subsidiary Guarantor and (ii) any Lender or any affiliate thereof at the time such Hedge
Agreement was entered into, as counterparty and (b) that has been designated by such Lender and the
Borrower, by notice to the Administrative Agent, as a Specified Hedge Agreement. The designation
of any Hedge Agreement as a Specified Hedge Agreement shall not create in favor of the Lender or
affiliate thereof that is a party thereto any rights in connection with the management or release
of any Collateral or of the obligations of any Guarantor under the Guarantee and Collateral
Agreement. For the avoidance of doubt, all Hedge Agreements in existence on the Closing Date
between the Borrower or any Subsidiary Guarantor and any Lender shall constitute Specified Hedge
Agreements.




          “Specified Representations”: (a) the representations made by the Company in the
Merger Agreement as are material to the interests of the Lenders, but only to the extent that the
Borrower has the right to terminate its obligations under the Merger Agreement as a result of the
breach of such representations and (b) the representations and warranties set forth in
Sections 4.2(a), 4.4(a), 4.4(c), 4.11 and 4.13.




          “Spin Off Agreement”: the Spin Off Agreement, dated as of May 15, 2008, by and among
the Company, Booz & Company Holdings, LLC, Booz & Company Inc., Booz & Company Intermediate I Inc.
and Booz & Company Intermediate II Inc.




          “Sponsor”: The Carlyle Group and any Affiliates thereof (but excluding any operating
portfolio companies of the foregoing).




          “Subsidiary”: as to any Person, a corporation, partnership, limited liability company
or other entity of which shares of stock or other ownership interests having ordinary voting power
(other than stock or such other ownership interests having such power only by reason of the
happening of a contingency) to elect a majority of the Board of Directors of such corporation,
partnership or other entity are at the time owned, or the management of which is otherwise
controlled, directly or indirectly through one or more intermediaries, or both, by such Person;
provided that any joint venture that is not required to be consolidated with the Borrower
and its consolidated Subsidiaries in accordance with GAAP shall not be deemed to be a “Subsidiary”
for purposes hereof. Unless otherwise qualified, all references to a “Subsidiary” or to
“Subsidiaries” in this Agreement shall refer to a direct or indirect Subsidiary or
Subsidiaries of the Borrower.




          “Subsidiary Guarantors”: (a) each Subsidiary other than any Excluded Subsidiary and
(b) any other Subsidiary of the Borrower that is a party to the Guarantee and Collateral Agreement.




          “Swingline Commitment”: the obligation of the Swingline Lender to make Swingline
Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to
exceed $80,000,000.




          “Swingline Lender”: (a) Credit Suisse AG, Cayman Islands Branch (f/k/a Credit
Suisse), in its capacity as the lender of Swingline Loans or (b) upon the resignation of Credit
Suisse AG, Cayman Islands Branch (f/k/a Credit Suisse) as a Swingline Lender, any Revolving Lender
from time to time designated by the Borrower, in its sole discretion, as the Swingline Lender (with
the consent of such other Revolving Lender).




          “Swingline Loans”: as defined in Section 2.6(a).




          “Swingline Participation Amount”: as defined in Section 2.7(c).





35









 








          “Taxes”: all present and future taxes, levies, imposts, duties, deductions,
withholdings, assessments, fees or other charges now or hereafter imposed, levied, collected,
withheld or assessed by any Governmental Authority, including any interest, additions to tax or
penalties applicable thereto.




          “Term Lenders”: the collective reference to the Tranche A Term Lenders, the Tranche B
Term Lenders and the Tranche C Term Lenders.




          “Term Loans”: the collective reference to the Tranche A Term Loans, the Tranche B
Term Loans, the Tranche C Term Loans and the New Term Loans, if any.




          “Test Period”: on any date of determination, the period of four consecutive fiscal
quarters of the Borrower (in each case taken as one accounting period) most recently ended on or
prior to such date for which financial statements have been or are required to be delivered
pursuant to Section 6.1.




          “Tranche”: as defined in Section 2.25.




          “Tranche A Term Commitment”: as to any Lender, the obligation of such Lender, if any,
to make a Tranche A Term Loan to the Borrower in a principal amount not to exceed the amount set
forth under the heading “Tranche A Term Commitment” opposite such Lender’s name on Schedule 2.1 to
the Existing Credit Agreement, or, as the case may be, in the Assignment and Assumption pursuant to
which such Lender became a party hereto. The original aggregate amount of the Tranche A Term
Commitments is $125,000,000.




          “Tranche A Term Facility”: as defined in the definition of “Facility”.




          “Tranche A Term Lender”: each Lender that has a Tranche A Term Commitment or that
holds a Tranche A Term Loan.




          “Tranche A Term Loan”: as defined in Section 2.1.




          “Tranche A Term Maturity Date”: the sixth anniversary of the Closing Date.




          “Tranche A Term Percentage”: as to any Tranche A Term Lender at any time on the
Closing Date (but prior to the initial funding of the Tranche A Term Loans), the percentage which
the sum of such Lender’s Tranche A Term Commitments then constitutes of the aggregate Tranche A
Term Commitments (or, at any time after the Closing Date, the percentage which the aggregate
principal amount of such Lender’s Tranche A Term Loans then outstanding constitutes of the
aggregate principal amount of the Tranche A Term Loans then outstanding).




          “Tranche B Prepayment Amount”: as defined in Section 2.12(e).




          “Tranche B Term Commitment”: as to any Lender, the obligation of such Lender, if any,
to make a Tranche B Term Loan to the Borrower in a principal amount not to exceed the amount set
forth under the heading “Tranche B Term Commitment” opposite such Lender’s name on Schedule 2.1 to
the Existing Credit Agreement, or, as the case may be, in the Assignment and Assumption pursuant to
which such Lender became a party hereto. The original aggregate amount of the Tranche B Term
Commitments is $585,000,000.




          “Tranche B Term Facility”: as defined in the definition of “Facility”.




36









 








          “Tranche B Term Lender”: each Lender that has a Tranche B Term Commitment or that
holds a Tranche B Term Loan.




          “Tranche B Term Loan”: as defined in Section 2.1.




          “Tranche B Term Maturity Date”: the seventh anniversary of the Closing Date.




          “Tranche B Term Percentage”: as to any Tranche B Term Lender at any time on the
Closing Date (but prior to the initial funding of the Tranche B Term Loans), the percentage which
the sum of such Lender’s Tranche B Term Commitments then constitutes of the aggregate Tranche B
Term Commitments (or, at any time after the Closing Date, the percentage which the aggregate
principal amount of such Lender’s Tranche B Term Loans then outstanding constitutes of the
aggregate principal amount of the Tranche B Term Loans then outstanding).




          “Tranche C Term Commitment”: as to any Lender, the obligation of such Lender, if any,
to make a Tranche C Term Loan to the Borrower in a principal amount not to exceed the amount set
forth under the heading “Tranche C Term Commitment” opposite such Lender’s name on Schedule 2.1A.
The original aggregate amount of the Tranche C Term Commitments is $350,000,000.




          “Tranche C Term Facility”: as defined in the definition of “Facility”.




          “Tranche C Term Lender”: each Lender that has a Tranche C Term Commitment or that
holds a Tranche C Term Loan.




          “Tranche C Term Loan”: as defined in Section 2.1.




          “Tranche C Term Maturity Date”: the seventh anniversary of the Closing Date.




          “Tranche C Term Percentage”: as to any Tranche C Term Lender, the percentage which
the aggregate principal amount of such Lender’s Tranche C Term Loans then outstanding constitutes
of the aggregate principal amount of the Tranche C Term Loans then outstanding.




          “Transaction Documents”: the Merger Documents, the Loan Documents and the Mezzanine
Loan Documents.




          “Transactions”: (a) the transactions to occur pursuant to the Transaction Documents,
(b) the Refinancing and (c) the Company Reorganization.




          “Transferee”: any Assignee or Participant.




          “Trigger Date”: as defined in Section 2.12(b).




          “Type”: as to any Loan, its nature as an ABR Loan or Eurocurrency Loan.




          “United States”: the United States of America.




          “Unrestricted Subsidiary”: (i) any Subsidiary of the Borrower designated as such and
listed on Schedule 4.14 on the Closing Date and (ii) any Subsidiary of the Borrower that is
designated by a resolution of the Board of Directors of the Borrower as an Unrestricted Subsidiary,
but only to the extent that, in the case of each of clauses (i) and (ii), such Subsidiary: (a) has
no Indebtedness other than



37









 




Non-Recourse Debt; (b) is not party to any agreement, contract,
arrangement or understanding with Holdings, the Borrower or any Restricted Subsidiary unless the
terms of any such agreement, contract, arrangement or understanding are no less favorable to
Holdings, the Borrower or such Restricted Subsidiary than those that might be obtained at the time
from Persons who are not Affiliates of Holdings or the Borrower; (c) is a Person with respect to
which neither Holdings, the Borrower nor any of the Restricted Subsidiaries has any direct or
indirect obligation (x) to subscribe for additional Capital Stock or warrants, options or other
rights to acquire Capital Stock or (y) to maintain or preserve such Person’s financial condition or
to cause such Person to achieve any specified levels of operating results; and (d) does not
guarantee or otherwise provide credit support after the time of such designation for any
Indebtedness of Holdings, the Borrower or any of its Restricted Subsidiaries, in the case of
clauses (a), (b) and (c), except to the extent not otherwise prohibited by Section 7. If, at any
time, any Unrestricted Subsidiary would fail to meet the foregoing requirements as an Unrestricted
Subsidiary, it shall thereafter cease to be an Unrestricted Subsidiary for purposes hereof.
Subject to the foregoing, the Borrower may at any time designate any Unrestricted Subsidiary to be
a Restricted Subsidiary or any Restricted Subsidiary to be an Unrestricted Subsidiary;
provided that (i) such designation shall only be permitted if no Default or Event of
Default would be in existence following such designation and after giving effect to such
designation the Borrower shall be in pro forma compliance with the financial
covenants set forth in Section 7.1, (ii) any designation of an Unrestricted Subsidiary as a
Restricted Subsidiary shall be deemed to be an incurrence of Indebtedness by a Restricted
Subsidiary of any outstanding Indebtedness of such Unrestricted Subsidiary and (iii) any
designation of a Restricted Subsidiary as an Unrestricted Subsidiary shall be deemed to be an
Investment in an Unrestricted Subsidiary and shall reduce amounts available for Investments in
Unrestricted Subsidiaries permitted by Section 7.7 in an amount equal to the fair market value of
the Subsidiary so designated; provided that the Borrower may subsequently redesignate any
such Unrestricted Subsidiary as a Restricted Subsidiary so long as the Borrower does not
subsequently re-designate such Restricted Subsidiary as an Unrestricted Subsidiary for a period of
the succeeding four fiscal quarters.




          “US Lender”: as defined in Section 2.20(e).




          1.2 Other Definitional Provisions. (a) Unless otherwise specified therein, all terms
defined in this Agreement shall have the defined meanings when used in the other Loan Documents or
any certificate or other document made or delivered pursuant hereto or thereto.




          (b) As used herein and in the other Loan Documents, and any certificate or other document made
or delivered pursuant hereto or thereto, (i) accounting terms relating to the Borrower and its
Subsidiaries not defined in Section 1.1 and accounting terms partly defined in Section 1.1, to the
extent not defined, shall have the respective meanings given to them under GAAP, (ii) the words
“include”, “includes” and “including” shall be deemed to be followed by the phrase “without
limitation”, and (iii) references to agreements or other Contractual Obligations shall, unless
otherwise specified, be deemed to refer to such agreements or Contractual Obligations as amended,
supplemented, restated or otherwise modified from time to time.




          (c) The words “hereof”, “herein” and “hereunder” and words of similar import, when used in
this Agreement, shall refer to this Agreement as a whole and not to any particular provision of
this Agreement, and Annex, Section, Schedule and Exhibit references are to this Agreement unless
otherwise specified.




          (d) The term “license” shall include sub-license. The term “documents” includes any and all
documents whether in physical or electronic form.





38









 








          The meanings given to terms defined herein shall be equally applicable to both the singular
and plural forms of such terms.




          1.3 Pro Forma Calculations. Solely for purposes of determining whether any action is
otherwise permitted to be taken hereunder, the Consolidated Total Leverage Ratio and Consolidated
Net Interest Coverage Ratio shall be calculated as follows:





     (a) In the event that the Borrower or any Restricted Subsidiary incurs, assumes,
guarantees, redeems, retires or extinguishes any Indebtedness subsequent to the commencement
of the period for which such ratio is being calculated but prior to or simultaneously with
the event for which the calculation of such ratio is made (a “Ratio Calculation
Date”), then such ratio shall be calculated giving pro forma effect to
such incurrence, assumption, guarantee, redemption, retirement or extinguishment of
Indebtedness as if the same had occurred at the beginning of the applicable four-quarter
period.




     (b) For purposes of making the computation referred to above, if any acquisitions,
Dispositions or designations of Unrestricted Subsidiaries or Restricted Subsidiaries are
made (or committed to be made pursuant to a definitive agreement) during the four-quarter
reference period or subsequent to such reference period and on or prior to or simultaneously
with the relevant Ratio Calculation Date, Consolidated EBITDA shall be calculated on a
pro forma basis, assuming that all such acquisitions, Dispositions and
designations had occurred on the first day of the four-quarter reference period in a manner
consistent, where applicable, with the pro forma adjustments set forth in
clause (j) of and the last proviso of the first sentence of the definition of “Consolidated
EBITDA”. If since the beginning of such period any Person that subsequently became a
Restricted Subsidiary or was merged with or into the Borrower or any of its Restricted
Subsidiaries since the beginning of such period shall have made any acquisition or
Disposition, in each case with respect to a business or an operating unit of a business,
that would have required adjustment pursuant to this provision, then such ratio shall be
calculated giving pro forma effect thereto for such period as if such
acquisition or Disposition had occurred at the beginning of the applicable four-quarter
period.



SECTION 2. AMOUNT AND TERMS OF COMMITMENTS




          2.1 Term Commitments. Subject to the terms and conditions hereof, (a) each Tranche A Term
Lender severally agrees to make a term loan (a “Tranche A Term Loan”) in Dollars to the
Borrower on the Closing Date in an amount which will not exceed the amount of the Tranche A Term
Commitment of such Lender, (b) each Tranche B Term Lender severally agrees to make a term loan (a
“Tranche B Term Loan”) in Dollars to the Borrower on the Closing Date in an amount which
will not exceed the amount of the Tranche B Term Commitment of such Lender and (c) each Tranche C
Term Lender severally agrees to make a term loan (a “Tranche C Term Loan”) in Dollars to
the Borrower on the Amendment and Restatement Effective Date in an amount which will not exceed the
amount of the Tranche C Term Commitment of such Lender. The Borrower and the Lenders acknowledge
that the Term Loans funded on the Closing Date will be funded with original issue discount of 2%.
The Borrower and the Lenders acknowledge that the Tranche C Term Loans funded on the Amendment and
Restatement Effective Date will be funded with original issue discount of 1%. Notwithstanding the
foregoing, the aggregate outstanding principal amount of the Term Loans for all purposes of this
Agreement and the other Loan Documents shall be the stated principal amount thereof outstanding
from time to time. The Term Loans may from time to time be Eurocurrency Loans or ABR Loans, as
determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2
and 2.13.





39









 








          2.2 Procedure for Term Loan Borrowing. The Borrower shall give the Administrative Agent
irrevocable written notice (which notice must be received by the Administrative Agent prior to
12:00 Noon, New York City time, one Business Day prior to the anticipated Closing Date or Amendment
and Restatement Effective Date, as applicable) requesting that the applicable Term Lenders make the
applicable Term Loans on the Closing Date or Amendment and Restatement Effective Date, as
applicable, and specifying the amount to be borrowed and the requested Interest Period, if
applicable. Upon receipt of such notice the Administrative Agent shall promptly notify each
applicable Term Lender thereof. Not later than 11:00 A.M., New York City time, on the Closing Date
or Amendment and Restatement Effective Date, as applicable, each applicable Term Lender shall make
available to the Administrative Agent at the Funding Office an amount in immediately available
funds equal to the Term Loan or Term Loans to be made by such Lender on such date. The
Administrative Agent shall credit the account designated in writing by the Borrower to the
Administrative Agent with the aggregate of the amounts made available to the Administrative Agent
by the Term Lenders in immediately available funds.




          2.3 Repayment of Term Loans. (a) The Tranche A Term Loan of each Tranche A Term Lender
shall be payable on each date set forth below in an amount set forth opposite such date (expressed
as a percentage of the stated principal amount of the Tranche A Term Loans funded on the Closing
Date) (as adjusted to reflect any prepayments thereof), with the remaining balance thereof payable
on the Tranche A Term Maturity Date.




	 	 	 
	Date	 	Amount
	December 31, 2008
	 	1.25%
	March 31, 2009
	 	1.25%
	June 30, 2009
	 	1.25%
	September 30, 2009
	 	1.25%
	December 31, 2009
	 	2.50%
	March 31, 2010
	 	2.50%
	June 30, 2010
	 	2.50%
	September 30, 2010
	 	2.50%
	December 31, 2010
	 	2.50%
	March 31, 2011
	 	2.50%
	June 30, 2011
	 	2.50%
	September 30, 2011
	 	2.50%
	December 31, 2011
	 	3.75%
	March 31, 2012
	 	3.75%
	June 30, 2012
	 	3.75%
	September 30, 2012
	 	3.75%
	December 31, 2012
	 	5.00%
	March 31, 2013
	 	5.00%
	June 30, 2013
	 	5.00%
	September 30, 2013
	 	5.00%






          (b) The Tranche B Term Loan of each Tranche B Term Lender shall be payable in equal
consecutive quarterly installments, commencing on December 31, 2008, on the last Business Day of
each March, June, September and December following the Closing Date in an amount equal to one
quarter of one percent (0.25%) of the stated principal amount of the Tranche B Term Loans funded on
the Closing Date (as adjusted to reflect any prepayments thereof), with the remaining balance
thereof payable on the Tranche B Term Maturity Date.




40









 








          (c) The Tranche C Term Loan of each Tranche C Term Lender shall be payable in equal
consecutive quarterly installments, commencing on March 31, 2010, on the last Business Day of each
March, June, September and December following the Amendment and Restatement Effective Date in an
amount equal to one quarter of one percent (0.25%) of the stated principal amount of the Tranche C
Term Loans funded on the Amendment and Restatement Effective Date (as adjusted to reflect any
prepayments thereof), with the remaining balance thereof payable on the Tranche C Term Maturity
Date.




          2.4 Revolving Commitments. (a) Subject to the terms and conditions hereof, each
Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”) in
Dollars to the Borrower from time to time during the Revolving Commitment Period in an aggregate
principal amount at any one time outstanding which when added to such Lender’s Revolving Percentage
of the sum of (i) the L/C Obligations then outstanding and (ii) the aggregate principal amount of
the Swingline Loans then outstanding, does not exceed the amount of such Lender’s Revolving
Commitment. During the Revolving Commitment Period, the Borrower may use the Revolving Commitments
by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing, all in accordance
with the terms and conditions hereof. The Revolving Loans may from time to time be Eurocurrency
Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in
accordance with Sections 2.5 and 2.13.




          (b) The Borrower shall repay all outstanding Revolving Loans made to it on the Revolving
Termination Date.




          (c) On the Amendment and Restatement Effective Date, (i) the Revolving Commitment of each
Additional Revolving Lender that has an Existing Revolving Commitment shall be automatically and
without further action increased by an amount equal to such Additional Revolving Lender’s
Additional Revolving Commitment and (ii) each Additional Revolving Lender that does not have an
Existing Revolving Commitment shall automatically and without further action provide a new
Revolving Commitment in an amount equal to such Revolving Lender’s Additional Revolving Commitment.




          2.5 Procedure for Revolving Loan Borrowing. The Borrower may borrow under the Revolving
Commitments during the Revolving Commitment Period on any Business Day; provided that the
Borrower shall give the Administrative Agent irrevocable written notice (which notice must be
received by the Administrative Agent (i) in the case of Eurocurrency Loans, prior to 12:00 Noon,
New York City time, three Business Days prior to the requested Borrowing Date or (ii) in the case
of ABR Loans, prior to 12:00 Noon, New York City time, one Business Day prior to the proposed
Borrowing Date), specifying (x) the amount and Type of Revolving Loans to be borrowed, (y) the
requested Borrowing Date and (z) in the case of Eurocurrency Loans, the respective amounts of each
such Type of Loan and the respective lengths of the initial Interest Period therefor. The
aggregate principal amount of all Revolving Loans made on the Closing Date shall not exceed
$25,000,000 (which amount, for the avoidance of doubt, shall not include the face amount of any
outstanding Letters of Credit). Each borrowing by the Borrower under the Revolving Commitments
shall be in an amount equal to (x) in the case of ABR Loans, $1,000,000 or a whole multiple of
$100,000 in excess thereof (or, if the then aggregate Available Revolving Commitments are less than
$1,000,000, such lesser amount) and (y) in the case of Eurocurrency Loans, $1,000,000 or a whole
multiple of $500,000 in excess thereof; provided that the Swingline Lender may request, on
behalf of the Borrower, borrowings under the Revolving Commitments that are ABR Loans in other
amounts pursuant to Section 2.7(a). Upon receipt of any such notice from the Borrower, the
Administrative Agent shall promptly notify each Revolving Lender thereof. Each Revolving Lender
will make the amount of its pro rata share of each borrowing available to the
Administrative Agent for the account of the Borrower at the Funding Office prior to 11:00 A.M., New
York City time, on the Borrowing Date requested by the Borrower in
funds immediately available to the





41









 







Administrative Agent. Such borrowing will then be made available to the Borrower by the
Administrative Agent crediting the account designated in writing by the Borrower to the
Administrative Agent with the aggregate of the amounts made available to the Administrative Agent
by such Revolving Lenders and in like funds as received by the Administrative Agent. If no
election as to the Type of a Revolving Loan is specified, then the requested Loan shall be an ABR
Loan. If no Interest Period is specified with respect to any requested Eurocurrency Loan, the
Borrower shall be deemed to have selected an Interest Period of one month’s duration.




          2.6 Swingline Commitment. (a) Subject to the terms and conditions hereof, the Swingline
Lender agrees to make a portion of the credit otherwise available to the Borrower under the
Revolving Commitments from time to time during the Revolving Commitment Period by making swing line
loans (“Swingline Loans”) in Dollars to the Borrower; provided that (i) the
aggregate principal amount of Swingline Loans outstanding at any time shall not exceed the
Swingline Commitment then in effect (provided that the Swingline Loans outstanding at any
time, when aggregated with the Swingline Lenders’ other outstanding Revolving Loans, may exceed the
Swingline Commitment then in effect) and (ii) the Borrower shall not request, and the Swingline
Lender shall not make, any Swingline Loan if, after giving effect to the making of such Swingline
Loan, the aggregate amount of the Available Revolving Commitments under the Revolving Commitments
would be less than zero. During the Revolving Commitment Period, the Borrower may use the
Swingline Commitment by borrowing, repaying and reborrowing, all in accordance with the terms and
conditions hereof. Swingline Loans shall be ABR Loans only.




          (b) The Borrower shall repay to the Swingline Lender the then unpaid principal amount of each
Swingline Loan on the Revolving Termination Date.




          2.7 Procedure for Swingline Borrowing; Refunding of Swingline Loans. (a) Whenever the
Borrower desires that the Swingline Lender make Swingline Loans it shall give the Swingline Lender
and the Administrative Agent irrevocable written notice (which notice must be received by the
Swingline Lender and the Administrative Agent not later than 12:00 Noon, New York City time, on the
proposed Borrowing Date, specifying (i) the amount to be borrowed and (ii) the requested Borrowing
Date (which shall be a Business Day during the Revolving Commitment Period). Each borrowing under
the Swingline Commitment shall be in an amount equal to $500,000 or a whole multiple of $100,000 in
excess thereof. Not later than 3:00 P.M., New York City time, on the Borrowing Date specified in a
notice in respect of Swingline Loans, the Swingline Lender shall make available to the
Administrative Agent at the Funding Office an amount in immediately available funds equal to the
amount of the Swingline Loan to be made by the Swingline Lender. The Administrative Agent shall
make the proceeds of such Swingline Loan available to the Borrower on such Borrowing Date by
depositing such proceeds in the account of the Borrower with the Administrative Agent or as
otherwise directed by the Borrower on such Borrowing Date in immediately available funds.




          (b) The Swingline Lender, at any time and from time to time in its sole and absolute
discretion may, on behalf of the Borrower (which hereby irrevocably directs such Swingline Lender
to act on its behalf), request each Revolving Lender to make, and each such Revolving Lender hereby
agrees to make, a Revolving Loan, in an amount equal to such Revolving Lender’s Revolving
Percentage of the aggregate amount of the Swingline Loans (the “Refunded Swingline Loans”)
outstanding on the date of such notice, to repay such Swingline Lender. Each Revolving Lender
shall make the amount of Revolving Loans available to the Administrative Agent at the Funding
Office in immediately available funds on the date of such request or, if such request is made after
10:00 A.M., New York City time on any Business Day, not later than 10:00 A.M., New York City time,
on the next Business Day. The proceeds of such Revolving Loans shall be immediately made available
by the Administrative Agent to the




42









 







Swingline Lender for application by the Swingline Lender to the repayment of the Refunded Swingline Loans.




          (c) If prior to the time a Revolving Loan would have otherwise been made pursuant to Section
2.7(b), one of the events described in Section 8.1(f) shall have occurred and be continuing with
respect to the Borrower or if for any other reason, as determined by the Swingline Lender in its
sole discretion, Revolving Loans may not be made as contemplated by Section 2.7(b), each Revolving
Lender shall, on the date such Revolving Loan was to have been made pursuant to the notice referred
to in Section 2.7(b), purchase for cash an undivided participating interest in the then outstanding
Swingline Loans by paying to the Swingline Lender an amount (the “Swingline Participation
Amount”) equal to (A) such Revolving Lender’s Revolving Percentage times (B) the sum of the
aggregate principal amount of Swingline Loans then outstanding that were to have been repaid with
such Revolving Loans.




          (d) Whenever, at any time after the Swingline Lender has received from any Revolving Lender
such Lender’s Swingline Participation Amount with respect to any Swingline Loans, the Swingline
Lender receives any payment on account of such Swingline Loans, the Swingline Lender will
distribute to such Lender its Swingline Participation Amount with respect thereto (appropriately
adjusted, in the case of interest payments, to reflect the period of time during which such
Lender’s participating interest was outstanding and funded and, in the case of principal and
interest payments, to reflect such Lender’s pro rata portion of such payment if such payment is not
sufficient to pay the principal of and interest on all such Swingline Loans then due);
provided, however, that in the event that such payment received by the Swingline
Lender is required to be returned, such Lender will return to the Swingline Lender any portion
thereof previously distributed to it by the Swingline Lender.




          (e) Each Revolving Lender’s obligation to make the Loans referred to in Section 2.7(b) and to
purchase participating interests pursuant to Section 2.7(c) shall be absolute and unconditional and
shall not be affected by any circumstance, including (i) any setoff, counterclaim, recoupment,
defense or other right that such Revolving Lender or the Borrower may have against the Swingline
Lender, the Borrower or any other Person for any reason whatsoever, (ii) the occurrence or
continuance of a Default or an Event of Default or the failure to satisfy any of the other
conditions specified in Section 5, (iii) any adverse change in the condition (financial or
otherwise) of the Borrower or any other Loan Party, (iv) any breach of this Agreement or any other
Loan Document by the Borrower, any other Loan Party or any other Lender or (v) any other
circumstance, happening or event whatsoever, whether or not similar to any of the foregoing.




          2.8 Repayment of Loans. (a) The Borrower hereby unconditionally promises to pay to the
Administrative Agent for the account of the appropriate Revolving Lender or Term Lender, as the
case may be, (i) the then unpaid principal amount of each Revolving Loan of such Revolving Lender
made to the Borrower outstanding on the Revolving Termination Date (or on such earlier date on
which the Loans become due and payable pursuant to Section 8.1) and (ii) the principal amount of
each outstanding Term Loan of such Term Lender made to the Borrower in installments according to
the amortization schedule set forth in Section 2.3 (or on such earlier date on which the Loans
become due and payable pursuant to Section 8.1). The Borrower hereby further agrees to pay
interest on the unpaid principal amount of the Loans made to the Borrower from time to time
outstanding from the date made until payment in full thereof at the rates per annum, and on the
dates, set forth in Section 2.15.




          (b) Each Lender shall maintain in accordance with its usual practice an account or accounts
evidencing indebtedness of the Borrower to such Lender resulting from each Loan of such Lender from
time to time, including the amounts of principal and interest payable and paid to such Lender from
time to time under this Agreement.




43









 








          (c) The Administrative Agent, on behalf of the Borrower, shall maintain the Register pursuant
to Section 10.6(b)(iv), and a subaccount therein for each Lender, in which shall be recorded
(i) the amount of each Loan made hereunder and any Note evidencing such Loan, the Type of such Loan
and each Interest Period applicable thereto, (ii) the amount of any principal, interest and fees,
as applicable, due and payable or to become due and payable from the Borrower to each Lender
hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder from the
Borrower and each Lender’s share thereof.




          (d) The entries made in the Register and the accounts of each Lender maintained pursuant to
Section 2.8(c) shall, to the extent permitted by applicable law, be presumptively correct absent
demonstrable error of the existence and amounts of the obligations of the Borrower therein
recorded; provided, however, that the failure of the Administrative Agent or any
Lender to maintain the Register or any such account, or any error therein, shall not in any manner
affect the obligation of the Borrower to repay (with applicable interest) the Loans made to the
Borrower by such Lender in accordance with the terms of this Agreement.




          2.9 Commitment Fees, etc. (a) The Borrower agrees to pay to the Administrative Agent for
the account of each Revolving Lender a commitment fee for the period from and including the Closing
Date to the last day of the Revolving Commitment Period, computed at the Applicable Commitment Fee
Rate on the average daily amount of the Available Revolving Commitment of such Lender during the
period for which payment is made, payable quarterly in arrears on each Fee Payment Date;
provided that (i) for purposes of calculating any fees owing in accordance with this
Section 2.9(a), the Available Revolving Commitment for the Swingline Lender shall exclude any
outstanding Swingline Loans and (ii) the Swingline Lender shall not be entitled to any commitment
fee with respect to its Swingline Commitment separate from that to which it is entitled with
respect to its Available Revolving Commitment; provided, further, that (i) any
commitment fee accrued with respect to any of the Revolving Commitments of a Defaulting Lender
during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time
shall not be payable by the Borrower so long as such Lender shall be a Defaulting Lender except to
the extent that such commitment fee shall otherwise have been due and payable by the Borrower prior
to such time and (ii) no commitment fee shall accrue on any of the Revolving Commitments of a
Defaulting Lender so long as such Lender shall be a Defaulting Lender.




          (b) The Borrower agrees to pay to the Administrative Agent the fees in the amounts and on the
dates as set forth in any fee agreements with the Administrative Agent.




          2.10 Termination or Reduction of Revolving Commitments. The Borrower shall have the right,
upon not less than two Business Days’ notice to the Administrative Agent, to terminate the
Revolving Commitments or, from time to time, to reduce the amount of the Revolving Commitments;
provided that no such termination or reduction of Revolving Commitments shall be permitted
if, after giving effect thereto and to any prepayments of the Revolving Loans made on the effective
date thereof, the total Revolving Extensions of Credit would exceed the total Revolving
Commitments. Any such partial reduction shall be in an amount equal to $1,000,000, or a whole
multiple of $500,000 in excess thereof, and shall reduce permanently the Revolving Commitments then
in effect. Notwithstanding anything to the contrary contained in this Agreement, the Borrower may
rescind any notice of termination under this Section 2.10 if such termination would have resulted
from a refinancing of all of the Loans, which refinancing shall not be consummated or shall
otherwise be delayed.




          2.11 Optional Prepayments. (a) The Borrower may at any time and from time to time prepay
the Revolving Loans, the Swingline Loans or the Term Loans, in whole or in part, without premium or
penalty except as specifically provided in Section 2.11(b), upon irrevocable written notice





44









 







delivered to the Administrative Agent no later than 12:00 Noon, New York City time, three Business
Days prior thereto, in the case of Eurocurrency Loans, and no later than 12:00 Noon, New York City
time, (i) one Business Day prior thereto, in the case of ABR Loans that are Revolving Loans or Term
Loans and (ii) on the prepayment date, in the case of ABR Loans that are Swingline Loans, which
notice shall specify (x) the date and amount of prepayment, (y) whether the prepayment is of
Swingline Loans, Revolving Loans, Tranche A Term Loans, Tranche B Term Loans, Tranche C Term Loans
or New Loans and (z) whether the prepayment is of Eurocurrency Loans or ABR Loans; provided
that if a Eurocurrency Loan is prepaid on any day other than the last day of the Interest Period
applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.21. Upon
receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender
thereof. If any such notice is given, the amount specified in such notice shall be due and payable
on the date specified therein (provided that such notice may be conditioned on receiving
the proceeds of any refinancing), together with (except in the case of Revolving Loans that are ABR
Loans and Swingline Loans) accrued interest to such date on the amount prepaid. Partial
prepayments of Term Loans and of Revolving Loans shall be in an aggregate principal amount of
(i) $1,000,000 or a whole multiple of $100,000 in excess thereof (in the case of prepayments of ABR
Loans) or (ii) $1,000,000 or a whole multiple of $500,000 in excess thereof (in the case of
prepayments of Eurocurrency Loans), and in each case shall be subject to the provisions of
Section 2.18. Partial prepayments of Swingline Loans shall be in an aggregate principal amount of
$500,000 or a whole multiple of $100,000 in excess thereof.




          (b) Any optional prepayment in full of the Tranche B Term Loans as a result of a Repricing
Transaction shall be accompanied by a prepayment fee, which shall initially be 2% of the aggregate
principal amount prepaid, shall decline to 1% on and after the first anniversary of the Closing
Date and shall decline to 0% on and after the second anniversary of the Closing Date.




          (c) Notwithstanding anything to the contrary contained in this Section 2.11 or any other
provision of this Agreement and without otherwise limiting the rights in respect of prepayments of
the Loans of the Borrower and its Subsidiaries, so long as no Default has occurred and is
continuing, the Borrower or any Subsidiary of the Borrower may repurchase outstanding Term Loans
pursuant to this Section 2.11(c) on the following basis:





     (i) Holdings, the Borrower or any Subsidiary of the Borrower may make one or more
offers (each, an “Offer”) to repurchase all or any portion of the Term Loans (such
Term Loans, the “Offer Loans”) of Term Lenders; provided that, (A) Holdings,
the Borrower or such Subsidiary delivers a notice of such Offer to the Administrative Agent
and all Term Lenders no later than noon (New York City time) at least five Business Days in
advance of a proposed consummation date of such Offer indicating (1) the last date on which
such Offer may be accepted, (2) the maximum dollar amount of such Offer, (3) the repurchase
price per dollar of principal amount of such Offer Loans at which Holdings, the Borrower or
such Subsidiary is willing to repurchase such Offer Loans and (4) the instructions,
consistent with this Section 2.11(c) with respect to the Offer, that a Term Lender must
follow in order to have its Offer Loans repurchased; (B) the maximum dollar amount of each
Offer shall be no less than $10,000,000; (C) Holdings, the Borrower or such Subsidiary shall
hold such Offer open for a minimum period of two Business Days; (D) a Term Lender who elects
to participate in the Offer may choose to sell all or part of such Term Lender’s Offer
Loans; and (E) such Offer shall be made to Term Lenders holding the Offer Loans on a pro
rata basis in accordance with the respective principal amount then due and owing to the Term
Lenders; provided, further that, if any Term Lender elects not to
participate in the Offer, either in whole or in part, the amount of such Term Lender’s Offer
Loans not being tendered shall be excluded in calculating the pro rata amount applicable to
the balance of such Offer Loans;



45









 






     (ii) With respect to all repurchases made by Holdings, the Borrower or a Subsidiary of
the Borrower, such repurchases shall be deemed to be voluntary prepayments pursuant to this
Section 2.11 in an amount equal to the aggregate principal amount of such Term Loans,
provided that such repurchases shall not be subject to the provisions of paragraphs
(a) and (b) of this Section 2.11, Section 2.18 and Section 2.21;




     (iii) Following repurchase by Holdings, the Borrower or any Subsidiary of the Borrower,
(A) all principal and accrued and unpaid interest on the Term Loans so repurchased shall be
deemed to have been paid for all purposes and no longer outstanding (and may not be resold
by Holdings, the Borrower or such Subsidiary), for all purposes of this Agreement and all
other Loan Documents and (B) Holdings, the Borrower or any Subsidiary of the Borrower, as
the case may be, will promptly advise the Administrative Agent of the total amount of Offer
Loans that were repurchased from each Lender who elected to participate in the Offer; and




     (iv) Failure by Holdings, the Borrower or a Subsidiary of the Borrower to make any
payment to a Lender required by an agreement permitted by this Section 2.11(c) shall not
constitute an Event of Default under Section 8.1(a).



          (d) In connection with any optional prepayments by the Borrower of the Term Loans pursuant to
this Section 2.11, such prepayments shall be applied on a pro rata basis to the then outstanding
Term Loans being prepaid irrespective of whether such outstanding Term Loans are ABR Loans or
Eurocurrency Loans; provided that if all Lenders elect to participate in the Offer on a pro rata
basis in accordance with their respective principal amounts then due and owing, such prepayments
shall be applied first to ABR Loans to the full extent thereof before application to Eurocurrency
Loans.




          2.12 Mandatory Prepayments. (a) Unless the Required Prepayment Lenders shall otherwise
agree, if any Indebtedness (excluding any Indebtedness incurred in accordance with Section 7.2)
shall be incurred by the Borrower or any Restricted Subsidiary, an amount equal to 100% of the Net
Cash Proceeds thereof shall be applied not later than one Business Day after the date of receipt of
such Net Cash Proceeds toward the prepayment of the Term Loans as set forth in Section 2.12(d).




          (b) Unless the Required Prepayment Lenders shall otherwise agree, if on any date the Borrower
or any Restricted Subsidiary shall for its own account receive Net Cash Proceeds from any Asset
Sale or Recovery Event then, unless a Reinvestment Notice shall be delivered to the Administrative
Agent in respect thereof, such Net Cash Proceeds shall be applied not later than five Business Days
after such date toward the prepayment of the Term Loans as set forth in Section 2.12(d);
provided that, notwithstanding the foregoing, (i) on each Reinvestment Prepayment Date, the
Term Loans shall be prepaid as set forth in Section 2.12(d) by an amount equal to the Reinvestment
Prepayment Amount with respect to the relevant Reinvestment Event and (ii) on the date (the
“Trigger Date”) that is six months after any such Reinvestment Prepayment Date, the Term
Loans shall be prepaid as set forth in Section 2.12(d) by an amount equal to the portion of any
Committed Reinvestment Amount with respect to the relevant Reinvestment Event not actually expended
by such Trigger Date.




          (c) Unless the Required Prepayment Lenders shall otherwise agree, if, for any fiscal year of
the Borrower commencing with the fiscal year ending March 31, 2010, there shall be Excess Cash
Flow, the Borrower shall, on the relevant Excess Cash Flow Application Date, apply an amount equal
to (i) the Excess Cash Flow Percentage of such Excess Cash Flow minus (ii) the aggregate
amount of all prepayments of Revolving Loans and Swingline Loans during such fiscal year to the
extent accompanied by permanent optional reductions of the Revolving Commitments, and all optional
prepayments of Term Loans during such fiscal year (other than optional prepayments pursuant to
Section 2.11(c)), in each case





46









 







other than to the extent any such prepayment is funded with the
proceeds of long-term Indebtedness, toward the prepayment of Term Loans as set forth in
Section 2.12(d). Each such prepayment shall be made on a date (an “Excess Cash Flow
Application Date”) no later than ten days after the date on which the financial statements
referred to in Section 6.1(a), for the fiscal year with respect to which such prepayment is made,
are required to be delivered to the Lenders.




          (d) Amounts to be applied in connection with prepayments pursuant to this Section 2.12 shall
be applied to the prepayment of the Term Loans in accordance with Section 2.18(b) until paid in
full. In connection with any mandatory prepayments by the Borrower of the Term Loans pursuant to
Section 2.12, such prepayments shall be applied on a pro rata basis to the then outstanding Term
Loans being prepaid irrespective of whether such outstanding Term Loans are ABR Loans or
Eurocurrency Loans; provided that if no Lender exercises the right to waive a given mandatory
prepayment of the Term Loans pursuant to Section 2.12(e), then, with respect to such mandatory
prepayment, the amount of such mandatory prepayment shall be applied first to Term Loans that are
ABR Loans to the full extent thereof before application to Term Loans that are Eurocurrency Loans
in a manner that minimizes the amount of any payments required to be made by the Borrower pursuant
to Section 2.21. Each prepayment of the Term Loans under this Section 2.12 shall be accompanied by
accrued interest to the date of such prepayment on the amount prepaid.




          (e) Notwithstanding anything to the contrary in Section 2.12(d) or 2.18, with respect to the
amount of any mandatory prepayment pursuant to this Section 2.12 that is allocated to Tranche B
Term Loans and Tranche C Term Loans (such amount, the “Tranche B Prepayment Amount”), at
any time when Tranche A Term Loans remain outstanding, the Borrower will, in lieu of applying such
amount to the prepayment of Tranche B Term Loans and Tranche C Term Loans as provided in paragraph
(d) above, on the date specified in this Section 2.12 for such prepayment, give the Administrative
Agent telephonic notice (promptly confirmed in writing) requesting that the Administrative Agent
prepare and provide to each Tranche B Term Lender (which, for avoidance of doubt, includes each New
Term Lender) and Tranche C Term Lender a notice (each, a “Prepayment Option Notice”) as
described below. As promptly as practicable after receiving such notice from the Borrower, the
Administrative Agent will send to each Tranche B Term Lender and Tranche C Term Lender a Prepayment
Option Notice, which shall be in the form of Exhibit I (or such other form approved by the
Administrative Agent), and shall include an offer by the Borrower to prepay, on the date (each a
“Mandatory Prepayment Date”) that is ten Business Days after the date of the Prepayment
Option Notice, the relevant Term Loans of such Lender by an amount equal to the portion of the
Tranche B Prepayment Amount indicated in such Lender’s Prepayment Option Notice as being applicable
to such Lender’s Tranche B Term Loans and Tranche C Term Loans. Each Tranche B Term Lender and
Tranche C Term Lender may reject all or a portion of its Tranche B Prepayment Amount by providing
written notice to the Administrative Agent and the Borrower no later than 5:00 p.m. (New York time)
one Business Day after such Tranche B Term Lender’s or Tranche C Term Lender’s receipt of the
Prepayment Option Notice (which notice shall specify the principal amount of the Tranche B
Prepayment Amount to be rejected by such Lender); provided that any Tranche B Term Lender’s
or Tranche C Term Lender’s failure to so reject such Tranche B Prepayment Amount shall be deemed an
acceptance by such Tranche B Term Lender or Tranche C Term Lender of such Prepayment Option Notice
and the amount to be prepaid in respect of Term Loans held by such Tranche B Term Lender or Tranche
C Term Lender. On the Mandatory Prepayment Date, the Borrower shall (i) pay to the relevant
Tranche B Term Lenders and Tranche C Term Lenders the aggregate amount necessary to prepay that
portion of the outstanding relevant Term Loans in respect of which such Lenders have (or are deemed
to have) accepted prepayment as described above and (ii) prepay outstanding Tranche A Term Loans in
an aggregate amount equal to the amounts declined by Tranche B Term Lenders and Tranche C Term
Lenders as described above; provided that, upon the making of such




47









 







prepayments, any amount remaining unapplied (i.e., after the payment in full of
the Tranche A Term Loans) shall be returned to the Borrower.




          2.13 Conversion and Continuation Options. (a) The Borrower may elect from time to time to
convert Eurocurrency Loans made to the Borrower to ABR Loans by giving the Administrative Agent
prior irrevocable written notice of such election no later than 12:00 Noon, New York City time, on
the third Business Day preceding the proposed conversion date; provided that if any
Eurocurrency Loan is so converted on any day other than the last day of the Interest Period
applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.21. The
Borrower may elect from time to time to convert ABR Loans made to the Borrower to Eurocurrency
Loans by giving the Administrative Agent prior irrevocable written notice of such election no later
than 12:00 Noon, New York City time, on the third Business Day preceding the proposed conversion
date (which notice shall specify the length of the initial Interest Period therefor);
provided that no ABR Loan under a particular Facility may be converted into a Eurocurrency
Loan when any Event of Default has occurred and is continuing and the Administrative Agent or the
Majority Facility Lenders in respect of such Facility have determined in its or their sole
discretion not to permit such conversions. Upon receipt of any such notice the Administrative
Agent shall promptly notify each relevant Lender thereof.




          (b) Any Eurocurrency Loan may be continued as such by the Borrower giving irrevocable written
notice to the Administrative Agent, in accordance with the applicable provisions of the term
“Interest Period” set forth in Section 1.1 and no later than 12:00 Noon, New York City time, on the
third Business Day preceding the proposed continuation date, of the length of the next Interest
Period to be applicable to such Loans; provided that if any Eurocurrency Loan is so
continued on any day other than the last day of the Interest Period applicable thereto, the
Borrower shall also pay any amounts owing pursuant to Section 2.21; provided,
further, that no Eurocurrency Loan under a particular Facility may be continued as such
when any Event of Default has occurred and is continuing and the Administrative Agent has or the
Majority Facility Lenders in respect of such Facility have determined in its or their sole
discretion not to permit such continuations; and provided, further, that (i) if the
Borrower shall fail to give any required notice as described above in this paragraph such
Eurocurrency Loans shall be automatically continued as Eurocurrency Loans having an Interest Period
of one month’s duration on the last day of such then-expiring Interest Period and (ii) if such
continuation is not permitted pursuant to the preceding proviso, such Eurocurrency Loans shall be
automatically converted to ABR Loans on the last day of such then expiring Interest Period. Upon
receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender
thereof.




          2.14 Minimum Amounts and Maximum Number of Eurocurrency Tranches. Notwithstanding anything
to the contrary in this Agreement, all borrowings, conversions, continuations and optional
prepayments of Eurocurrency Loans and all selections of Interest Periods shall be in such amounts
and be made pursuant to such elections so that (a) after giving effect thereto, the aggregate
principal amount of the Eurocurrency Loans comprising each Eurocurrency Tranche shall be equal to a
minimum of $1,000,000 or a whole multiple of $500,000 in excess thereof and (b) no more than twelve
Eurocurrency Tranches shall be outstanding at any one time.




          2.15 Interest Rates and Payment Dates. (a) (i) Each Eurocurrency Loan other than a
Eurocurrency Loan that is a Tranche B Term Loan or a Tranche C Term Loan shall bear interest for
each day during each Interest Period with respect thereto at a rate per annum equal to the
Eurocurrency Rate determined for such day plus the Applicable Margin, (ii) each
Eurocurrency Loan that is a Tranche B Term Loan shall bear interest for each day during each
Interest Period with respect thereto at a rate per annum equal to (A) (1) prior to the third
anniversary of the Closing Date, the greater of (x) the Eurocurrency Rate determined for such day and (y) 3.00% and (2) thereafter, the Eurocurrency Rate





48









 







determined for such day plus (B)
the Applicable Margin and (iii) each Eurocurrency Loan that is a Tranche C Term Loan shall bear
interest for each day during each Interest Period with respect thereto at a rate per annum equal to
(A) the greater of (x) the Eurocurrency Rate determined for such day and (y) 2.00% plus (B)
the Applicable Margin.




          (b) (i) Each ABR Loan other than an ABR Loan that is a Tranche B Term Loan or a Tranche C Term
Loan shall bear interest at a rate per annum equal to ABR plus the Applicable Margin, (ii)
each ABR Loan that is a Tranche B Term Loan shall bear interest at a rate per annum equal to (A)
(1) prior to the third anniversary of the Closing Date, the greater of (x) ABR and (y) 4.00% and
(2) thereafter, ABR plus (B) the Applicable Margin and (iii) each ABR Loan that is a
Tranche C Term Loan shall bear interest at a rate per annum equal to (A) the greater of (x) ABR and
(y) 3.00% plus (B) the Applicable Margin.




          (c) (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation
shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such
overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the
rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this
Section 2.15 plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable
to ABR Loans under the Revolving Facility plus 2%, and (ii) if all or a portion of any
interest payable on any Loan or Reimbursement Obligation or any commitment fee or other amount
payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or
otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then
applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such
other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans
under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii)
above, from the date of such non-payment until such amount is paid in full (after as well as before
judgment); provided that no amount shall be payable pursuant to this Section 2.15(c) to a
Defaulting Lender so long as such Lender shall be a Defaulting Lender; provided
further no amounts shall accrue pursuant to this Section 2.15(c) on any overdue Loan,
Reimbursement Obligation, commitment fee or other amount payable to a Defaulting Lender so long as
such Lender shall be a Defaulting Lender




          (d) Interest shall be payable by the Borrower in arrears on each Interest Payment Date;
provided that interest accruing pursuant to paragraph (c) of this Section 2.15 shall be
payable from time to time on demand.




          2.16 Computation of Interest and Fees. (a) Interest and fees payable pursuant hereto
shall be calculated on the basis of a 360-day year for the actual days elapsed, except that, with
respect to ABR Loans the rate of interest on which is calculated on the basis of the Prime Rate,
the interest thereon shall be calculated on the basis of a 365- (or 366-, as the case may be) day
year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the
Borrower and the relevant Lenders of each determination of a Eurocurrency Rate. Any change in the
interest rate on a Loan resulting from a change in the ABR or the Eurocurrency Reserve Requirements
shall become effective as of the opening of business on the day on which such change becomes
effective. The Administrative Agent shall as soon as practicable notify the Borrower and the
relevant Lenders of the effective date and the amount of each such change in interest rate.




          (b) Each determination of an interest rate by the Administrative Agent pursuant to any
provision of this Agreement shall be presumptively correct in the absence of demonstrable error.
The Administrative Agent shall, at the request of the Borrower, deliver to the Borrower a statement
showing the quotations used by the Administrative Agent in determining any interest rate pursuant
to Section 2.15(a) and Section 2.15(b).





49









 








          2.17 Inability to Determine Interest Rate. If prior to the first day of any Interest
Period for any Eurocurrency Loan:





     (a) the Administrative Agent shall have determined (which determination shall be
presumptively correct absent demonstrable error) that, by reason of circumstances affecting
the relevant market, adequate and reasonable means do not exist for ascertaining the
Eurocurrency Rate for such Interest Period, or




     (b) the Administrative Agent shall have received notice from the Majority Facility
Lenders in respect of the relevant Facility that by reason of any changes arising after the
Closing Date the Eurocurrency Rate determined or to be determined for such Interest Period
will not adequately and fairly reflect the cost to such Lenders (as certified by such
Lenders) of making or maintaining their affected Loans during such Interest Period,


the Administrative Agent shall give telecopy notice thereof to the Borrower and the relevant
Lenders as soon as practicable thereafter. If such notice is given (x) any Eurocurrency Loans
under the relevant Facility requested to be made on the first day of such Interest Period shall be
made as ABR Loans, (y) any Loans under the relevant Facility that were to have been converted on
the first day of such Interest Period to Eurocurrency Loans shall be continued as ABR Loans and
(z) any outstanding Eurocurrency Loans under the relevant Facility shall be converted, on the last
day of the then-current Interest Period with respect thereto, to ABR Loans. Until such notice has
been withdrawn by the Administrative Agent (which action the Administrative Agent will take
promptly after the conditions giving rise to such notice no longer exist), no further Eurocurrency
Loans under the relevant Facility shall be made or continued as such, nor shall the Borrower have
the right to convert Loans under the relevant Facility to Eurocurrency Loans.




          2.18 Pro Rata Treatment and Payments. (a) Each borrowing by the Borrower from the Lenders
hereunder, each payment by the Borrower on account of any commitment fee and any reduction of the
Revolving Commitments shall be made pro rata according to the respective Tranche A Term
Percentages, Tranche B Term Percentages, Tranche C Term Percentages or Revolving Percentages, as
the case may be, of the relevant Lenders. Each payment (other than prepayments) in respect of
principal or interest in respect of the Tranche A Term Loans, Tranche B Term Loans, Tranche C Term
Loans or New Term Loans and each payment in respect of fees payable hereunder shall be applied to
the amounts of such obligations owing to the Tranche A Term Lenders, Tranche B Term Lenders,
Tranche C Term Lenders or New Term Lenders, as applicable, pro rata according to the respective
amounts then due and owing to such Lenders, other than payments pursuant to Section 2.11(c) or
2.24.




          (b) Each mandatory prepayment of the Term Loans shall be allocated between the Tranche A Term
Facility, the Tranche B Term Facility, the Tranche C Term Facility and any New Facility comprising
Term Loans, if any, pro rata except as affected by the opt-out provision under Section 2.12(e).
Each optional prepayment and mandatory prepayment of the Tranche A Term Loans, Tranche B Term
Loans, Tranche C Term Loans or New Term Loans shall be applied to the remaining installments
thereof as specified by the Borrower. Amounts repaid or prepaid on account of the Term Loans may
not be reborrowed.




          (c) Each payment (including prepayments) to be made by the Borrower on account of principal of
and interest on the Revolving Loans shall be made pro rata according to the respective outstanding
principal amounts of the Revolving Loans then held by the Revolving Lenders. Each payment
(including prepayments) to be made by the Borrower on account of principal of and interest on the
New Revolving Loans shall be made pro rata according to the respective outstanding principal





50











 




amounts of the New Revolving Loans then held by the New Lenders. Each payment in respect of
Reimbursement Obligations in respect of any Letter of Credit shall be made to the Issuing Lender
that issued such Letter of Credit.




          (d) All payments (including prepayments) to be made by the Borrower hereunder, whether on
account of principal, interest, fees or otherwise, shall be made without setoff, deduction or
counterclaim and shall be made prior to 2:00 P.M., New York City time, on the due date thereof to
the Administrative Agent, for the account of the relevant Lenders, at the Funding Office, in
immediately available funds. Any payment received by the Administrative Agent after 2:00 P.M., New
York City time may be considered received on the next Business Day in the Administrative Agent’s
sole discretion. The Administrative Agent shall distribute such payments to the relevant Lenders
promptly upon receipt in like funds as received. If any payment hereunder (other than payments on
the Eurocurrency Loans) becomes due and payable on a day other than a Business Day, such payment
shall be extended to the next succeeding Business Day. If any payment on a Eurocurrency Loan
becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended
to the next succeeding Business Day unless the result of such extension would be to extend such
payment into another calendar month, in which event such payment shall be made on the immediately
preceding Business Day. In the case of any extension of any payment of principal pursuant to the
preceding two sentences, interest thereon shall be payable at the then applicable rate during such
extension.




          (e) Unless the Administrative Agent shall have been notified in writing by any Lender prior to
a borrowing that such Lender will not make the amount that would constitute its share of such
borrowing available to the Administrative Agent, the Administrative Agent may assume that such
Lender is making such amount available to the Administrative Agent, and the Administrative Agent
may, in reliance upon such assumption, make available to the Borrower a corresponding amount. If
such amount is not made available to the Administrative Agent by the required time on the Borrowing
Date therefor, such Lender shall pay to the Administrative Agent on demand, such amount with
interest thereon, at a rate equal to the greater of (i) the Federal Funds Effective Rate and (ii) a
rate determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation, for the period until such Lender makes such amount immediately available to the
Administrative Agent. A certificate of the Administrative Agent submitted to any Lender with
respect to any amounts owing under this paragraph shall be presumptively correct in the absence of
demonstrable error. If such Lender’s share of such borrowing is not made available to the
Administrative Agent by such Lender within three Business Days after such Borrowing Date, the
Administrative Agent shall give notice of such fact to the Borrower and the Administrative Agent
shall also be entitled to recover such amount with interest thereon at the rate per annum
applicable to ABR Loans under the relevant Facility, on demand, from the Borrower. Nothing herein
shall be deemed to limit the rights of the Administrative Agent or the Borrower against any
Defaulting Lender.




          (f) Unless the Administrative Agent shall have been notified in writing by the Borrower prior
to the date of any payment due to be made by the Borrower hereunder that the Borrower will not make
such payment to the Administrative Agent, the Administrative Agent may assume that the Borrower is
making such payment, and the Administrative Agent may, but shall not be required to, in reliance
upon such assumption, make available to the relevant Lenders their respective pro rata shares of a
corresponding amount. If such payment is not made to the Administrative Agent by the Borrower
within three Business Days after such due date, the Administrative Agent shall be entitled to
recover, on demand, from each relevant Lender to which any amount which was made available pursuant
to the preceding sentence, such amount with interest thereon at the rate per annum equal to the
daily average Federal Funds Effective Rate. Nothing herein shall be deemed to limit the rights of
the Administrative Agent or any Lender against the Borrower.




51









 








          2.19 Requirements of Law. (a) Except with respect to Taxes, which are addressed in
Section 2.20, if the adoption of or any change in any Requirement of Law or in the interpretation
or application thereof or compliance by any Lender with any request or directive (whether or not
having the force of law) from any central bank or other Governmental Authority first made, in each
case, subsequent to the Closing Date:





     (i) shall impose, modify or hold applicable any reserve, special deposit, compulsory
loan or similar requirement against assets held by, deposits or other liabilities in or for
the account of, advances, loans or other extensions of credit by, or any other acquisition
of funds by, any office of such Lender that is not otherwise included in the determination
of the Eurocurrency Rate hereunder; or




     (ii) shall impose on such Lender any other condition not otherwise contemplated
hereunder;


and the result of any of the foregoing is to increase the cost to such Lender, by an amount which
such Lender reasonably deems to be material, of making, converting into, continuing or maintaining
Eurocurrency Loans or issuing or participating in Letters of Credit (in each case hereunder), or to
reduce any amount receivable hereunder in respect thereof, then, in any such case, the Borrower
shall promptly pay such Lender, in Dollars, within thirty Business Days after the Borrower’s
receipt of a reasonably detailed invoice therefor (showing with reasonable detail the calculations
thereof), any additional amounts necessary to compensate such Lender for such increased cost or
reduced amount receivable. If any Lender becomes entitled to claim any additional amounts pursuant
to this Section 2.19, it shall promptly notify the Borrower (with a copy to the Administrative
Agent) of the event by reason of which it has become so entitled.




          (b) If any Lender shall have reasonably determined that the adoption of or any change in any
Requirement of Law regarding capital adequacy or in the interpretation or application thereof or
compliance by such Lender or any entity controlling such Lender with any request or directive
regarding capital adequacy (whether or not having the force of law) from any Governmental Authority
first made, in each case, subsequent to the Closing Date shall have the effect of reducing the rate
of return on such Lender’s or such entity’s capital as a consequence of its obligations hereunder
or under or in respect of any Letter of Credit to a level below that which such Lender or such
entity could have achieved but for such adoption, change or compliance (taking into consideration
such Lender’s or such entity’s policies with respect to capital adequacy) by an amount deemed by
such Lender to be material, then from time to time, after submission by such Lender to the Borrower
(with a copy to the Administrative Agent) of a reasonably detailed written request therefor
(consistent with the detail provided by such Lender to similarly situated borrowers), the Borrower
shall pay to such Lender, in Dollars, such additional amount or amounts as will compensate such
Lender or such entity for such reduction.




          (c) A certificate prepared in good faith as to any additional amounts payable pursuant to this
Section 2.19 submitted by any Lender to the Borrower (with a copy to the Administrative Agent)
shall be presumptively correct in the absence of demonstrable error. Notwithstanding anything to
the contrary in this Section 2.19, the Borrower shall not be required to compensate a Lender
pursuant to this Section 2.19 for any amounts incurred more than 180 days prior to the date that
such Lender notifies the Borrower of such Lender’s intention to claim compensation therefor;
provided that if the circumstances giving rise to such claim have a retroactive effect,
then such 180-day period shall be extended to include the period of such retroactive effect. The
obligations of the Borrower pursuant to this Section 2.19 shall survive the termination of this
Agreement and the payment of the Obligations. Notwithstanding the foregoing, the Borrower shall
not be obligated to make payment to any of the Administrative Agent or a






52









 







Lender with respect to penalties, interest and expenses if written demand therefore was not
made by the Administrative Agent or such Lender within 180 days from the date on which such party
makes payment for such penalties, interest and expenses.




          2.20 Taxes. (a) Except as otherwise provided in this Agreement or as required by law, all
payments made by the Borrower or any Loan Party under this Agreement and the other Loan Documents
to the Administrative Agent or any Lender under this Agreement shall be made free and clear of, and
without deduction or withholding for or on account of, any Taxes, excluding (i) net income Taxes,
net profits Taxes and franchise Taxes (and net worth Taxes and capital Taxes imposed in lieu of net
income Taxes) imposed on the Administrative Agent or any Lender (A) by the jurisdiction (or any
political subdivision thereof) under the laws of which the Administrative Agent or any Lender (or,
in the case of a pass-through entity, any of its beneficial owners) is organized or in which its
applicable lending office is located or (B) as a result of a present or former connection between
the Administrative Agent or such Lender or beneficial owner and the jurisdiction of the
Governmental Authority imposing such Tax or any political subdivision or taxing authority thereof
or therein (other than any such connection arising solely from the Administrative Agent or such
Lender having executed, delivered or performed its obligations or received a payment under, or
enforced, this Agreement or any other Loan Document) and (ii) any branch profits or backup
withholding Taxes imposed by the United States or any similar Tax imposed by any other jurisdiction
in which the applicable Borrower or any Loan Party under this Agreement and the other Loan
Documents is located or is deemed to be doing business. If any such non-excluded Taxes
(“Non-Excluded Taxes”) or Other Taxes are required to be withheld from any amounts payable
by the Borrower or any Loan Party under this Agreement and the other Loan Documents to the
Administrative Agent or any Lender hereunder, the amounts so payable to the Administrative Agent or
such Lender shall be increased to the extent necessary to yield to the Administrative Agent or such
Lender (after deduction or withholding of all Non-Excluded Taxes and Other Taxes including
Non-Excluded Taxes attributable to amounts payable under this Section 2.20(a)) interest or any such
other amounts payable hereunder at the rates or in the amounts specified in this Agreement;
provided, however, that the Borrower or any Loan Party under this Agreement and the
other Loan Documents shall not be required to increase any such amounts payable to or in respect of
any Lender with respect to any Non-Excluded Taxes (i) that are attributable to such Lender’s (or,
in the case of a pass-through entity, any of its beneficial owners’) failure to comply with the
requirements of paragraph (d) or (e), as applicable, of this Section 2.20 or (ii) that are
withholding Taxes imposed on amounts payable under this Agreement or the other Loan Documents,
unless such Taxes are imposed as a result of a Change in Law occurring after such Lender becomes a
party hereto or as a result of any change in facts, occurring after such Lender becomes a party
hereto, that is not attributable to the Lender, except (in the case of an assignment) to the extent
that such Lender’s assignor (if any) was entitled, at the time of such assignment, to receive
additional amounts from the Borrower or any Loan Party under this Agreement and the other Loan
Documents with respect to such Taxes pursuant to this paragraph.




          (b) In addition, the Borrower or any Loan Party under this Agreement and the other Loan
Documents shall pay any Other Taxes to the relevant Governmental Authority in accordance with
applicable law.




          (c) Whenever any Non-Excluded Taxes or Other Taxes are payable by the Borrower and any Loan
Party under this Agreement and the other Loan Documents, as promptly as possible thereafter the
Borrower shall send to the Administrative Agent for the account of the Administrative Agent or
Lender, as the case may be, a certified copy of an original official receipt received by the
Borrower showing payment thereof if such receipt is obtainable, or, if not, such other evidence of
payment as may reasonably be required by the Administrative Agent or such Lender. If the Borrower
or any Loan Party under this Agreement and the other Loan Documents fails to pay any Non-Excluded
Taxes or Other






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Taxes that the Borrower or any Loan Party under this Agreement and the other Loan Documents is
required to pay pursuant to this Section 2.20 (or in respect of which the Borrower or any Loan
Party under this Agreement and the other Loan Documents would be required to pay increased amounts
pursuant to Section 2.20(a) if such Non-Excluded Taxes or Other Taxes were withheld) when due to
the appropriate taxing authority or fails to remit to the Administrative Agent the required
receipts or other required documentary evidence, the Borrower or any Loan Party under this
Agreement and the other Loan Documents shall indemnify the Administrative Agent and the Lenders for
any payments by them of such Non-Excluded Taxes or Other Taxes and for any incremental taxes,
interest or penalties that become payable by the Administrative Agent or any Lender as a result of
any such failure within thirty days after the Lender or the Administrative Agent delivers to the
Borrower (with a copy to the Administrative Agent) either (a) a copy of the receipt issued by a
Governmental Authority evidencing payment of such Taxes or (b) certificates as to the amount of
such payment or liability prepared in good faith.




          (d) Each Lender (and, in the case of a pass-through entity, each of its beneficial owners)
that is not a United States person (as such term is defined in Section 7701(a)(30) of the Code) (a
“Non-US Lender”) shall deliver to the Borrower and the Administrative Agent (or, in the
case of a Participant, to the Borrower and to the Lender from which the related participation shall
have been purchased) (i) two accurate and complete copies of IRS Form W-8ECI or W-8BEN, or, (ii) in
the case of a Non-US Lender claiming exemption from United States federal withholding tax under
Section 871(h) or 881(c) of the Code with respect to payments of “portfolio interest”, a statement
substantially in the form of Exhibit F and two accurate and complete copies of IRS Form W-8BEN, or
any subsequent versions or successors to such forms, in each case properly completed and duly
executed by such Non-US Lender claiming complete exemption from, or a reduced rate of, United
States federal withholding tax on all payments by the Borrower or any Loan Party under this
Agreement and the other Loan Documents. Such forms shall be delivered by each Non-US Lender on or
before the date it becomes a party to this Agreement (or, in the case of any Participant, on or
before the date such Participant purchases the related participation). In addition, each Non-US
Lender shall deliver such forms promptly upon the obsolescence or invalidity of any form previously
delivered by such Non-US Lender. Each Non-US Lender shall (i) promptly notify the Borrower at any
time it determines that it is no longer in a position to provide any previously delivered
certificate to the Borrower (or any other form of certification adopted by the United States taxing
authorities for such purpose) and (ii) take such steps as shall not be disadvantageous to it, in
its reasonable judgment, and as may be reasonably necessary (including the re-designation of its
lending office pursuant to Section 2.23) to avoid any requirement of applicable laws of any such
jurisdiction that the Borrower or any Loan Party make any deduction or withholding for taxes from
amounts payable to such Lender. Notwithstanding any other provision of this paragraph, a Non-US
Lender shall not be required to deliver any form pursuant to this paragraph that such Non-US Lender
is not legally able to deliver.




          (e) Each Lender (and, in the case of a Lender that is a non-United States pass-through entity,
each of its beneficial owners) that is a United States person (as such term is defined in Section
7701(a)(30) of the Code) (a “US Lender”) shall deliver to the Borrower and the
Administrative Agent two accurate and complete copies of IRS Form W-9, or any subsequent versions
or successors to such form and certify that such lender is not subject to backup withholding. Such
forms shall be delivered by each US Lender on or before the date it becomes a party to this
Agreement. In addition, each US Lender shall deliver such forms promptly upon the obsolescence or
invalidity of any form previously delivered by such US Lender. Each US Lender shall promptly
notify the Borrower at any time it determines that it is no longer in a position to provide any
previously delivered certifications to the Borrower (or any other form of certification adopted by
the United States taxing authorities for such purpose).







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          (f) If the Administrative Agent or any Lender determines, in good faith, that it has received
a refund of any Non-Excluded Taxes or Other Taxes as to which it has been indemnified by the
Borrower or any Loan Party or with respect to which the Borrower or any Loan Party has paid
additional amounts pursuant to this Section 2.20, it shall promptly pay over such refund to the
Borrower (but only to the extent of indemnity payments made, or additional amounts paid, by the
Borrower or any Loan Party under this Section 2.20 with respect to the Non-Excluded Taxes or Other
Taxes giving rise to such refund), net of all out-of-pocket expenses of the Administrative Agent or
such Lender and without interest (other than any interest paid by the relevant Governmental
Authority with respect to such refund); provided that the Borrower, upon the request of the
Administrative Agent or such Lender, agrees to repay the amount paid over to the Borrower (plus any
penalties, interest or other charges imposed by the relevant Governmental Authority) to the
Administrative Agent or such Lender in the event the Administrative Agent or such Lender is
required to repay such refund to such Governmental Authority; provided, further, that the Borrower
shall not be required to repay to the Administrative Agent or the Lender an amount in excess of the
amount paid over by such party to the Borrower pursuant to this Section 2.20. This paragraph shall
not be construed to require the Administrative Agent or any Lender to make available its tax
returns (or any other information relating to its taxes which it deems confidential) to the
Borrower or any other Person. In no event will the Administrative Agent or any Lender be required
to pay any amount to the Borrower the payment of which would place the Administrative Agent or such
Lender in a less favorable net after-tax position than the Administrative Agent or such Lender
would have been in if the additional amounts giving rise to such refund of any Non-Excluded Taxes
or Other Taxes had never been paid. The agreements in this Section 2.20 shall survive the
termination of this Agreement and the payment of the Obligations.




          2.21 Indemnity. Other than with respect to Taxes, which shall be governed solely by
Section 2.20, the Borrower agrees to indemnify each Lender for, and to hold each Lender harmless
from, any loss or expense (other than lost profits, including the loss of Applicable Margin) that
such Lender may actually sustain or incur as a consequence of (a) any failure by the Borrower in
making a borrowing of, conversion into or continuation of Eurocurrency Loans after the Borrower has
given a notice requesting the same in accordance with the provisions of this Agreement, (b) any
failure by the Borrower in making any prepayment of or conversion from Eurocurrency Loans after the
Borrower has given a notice thereof in accordance with the provisions of this Agreement or (c) the
making of a prepayment, conversion or continuation of Eurocurrency Loans on a day that is not the
last day of an Interest Period with respect thereto. A reasonably detailed certificate as to
(showing in reasonable detail the calculation of) any amounts payable pursuant to this Section 2.21
submitted to the Borrower by any Lender shall be presumptively correct in the absence of
demonstrable error. This covenant shall survive the termination of this Agreement and the payment
of the Obligations.




          2.22 Illegality. Notwithstanding any other provision herein, if the adoption of or any
change in any Requirement of Law or in the interpretation or application thereof, in each case,
first made after the Closing Date, shall make it unlawful for any Lender to make or maintain
Eurocurrency Loans as contemplated by this Agreement, such Lender shall promptly give notice
thereof (a “Rate Determination Notice”) to the Administrative Agent and the Borrower, and
(a) the commitment of such Lender hereunder to make Eurocurrency Loans, continue Eurocurrency Loans
as such and convert ABR Loans to Eurocurrency Loans shall be suspended during the period of such
illegality and (b) such Lender’s Loans then outstanding as Eurocurrency Loans, if any, shall be
converted automatically to ABR Loans on the respective last days of the then current Interest
Periods with respect to such Loans or within such earlier period as required by law. If any such
conversion of a Eurocurrency Loan occurs on a day which is not the last day of the then current
Interest Period with respect thereto, the Borrower shall pay to such Lender such amounts, if any,
as may be required pursuant to Section 2.21.




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          2.23 Change of Lending Office. Each Lender agrees that, upon the occurrence of any event
giving rise to the operation of Section 2.19, 2.20(a) or 2.22 with respect to such Lender, it will,
if requested by the Borrower, use reasonable efforts (subject to overall policy considerations of
such Lender) to designate another lending office for any Loans affected by such event with the
object of avoiding the consequences of such event; provided that such designation is made
on terms that, in the good faith judgment of such Lender, cause such Lender and its lending
office(s) to suffer no material economic, legal or regulatory disadvantage and; provided,
further, that nothing in this Section 2.23 shall affect or postpone any of the obligations
of the Borrower or the rights of any Lender pursuant to Section 2.19, 2.20(a) or 2.22.




          2.24 Replacement of Lenders. The Borrower shall be permitted to (a) replace with a
financial institution or financial institutions, or (b) prepay, without premium or penalty (but
subject to Section 2.21), the Loans of, any Lender that (i) requests reimbursement for amounts
owing or otherwise results in increased costs imposed on the Borrower or on account of which the
Borrower is required to pay additional amounts to any Governmental Authority pursuant to Section
2.19, 2.20 or 2.21 (to the extent a request made by a Lender pursuant to the operation of Section
2.21 is materially greater than requests made by other Lenders) or gives a notice of illegality
pursuant to Section 2.22, (ii) defaults in its obligation to make Loans hereunder or to comply with
its obligations under Section 3.4, (iii) has refused to consent to any waiver or amendment with
respect to any Loan Document that requires such Lender’s consent and has been consented to by the
Required Lenders; or (iv) becomes the subject of a bankruptcy or insolvency proceeding;
provided that, in the case of a replacement pursuant to clause (a) above, (A) such
replacement does not conflict with any Requirement of Law, (B) the replacement financial
institution or financial institutions shall purchase, at par, all Loans and other amounts owing to
such replaced Lender on or prior to the date of replacement, (C) the Borrower shall be liable to
such replaced Lender under Section 2.21 (as though Section 2.21 were applicable) if any
Eurocurrency Loan owing to such replaced Lender shall be purchased other than on the last day of
the Interest Period relating thereto, (D) the replacement financial institution or financial
institutions, (x) if not already a Lender, shall be reasonably satisfactory to the Administrative
Agent to the extent that an assignment to such replacement financial institution of the rights and
obligations being acquired by it would otherwise require the consent of the Administrative Agent
pursuant to Section 10.6(b)(i)(B) and (y) shall pay (unless otherwise paid by the Borrower) any
processing and recordation fee required under Section 10.6(b)(ii)(B), (E) the replaced Lender shall
be obligated to make such replacement in accordance with the provisions of Section 10.6, (F) the
Borrower shall pay all additional amounts (if any) required pursuant to Section 2.19 or 2.20, as
the case may be, in respect of any period prior to the date on which such replacement shall be
consummated, (G) if applicable, the replacement financial institution or financial institutions
shall consent to such amendment or waiver and (H) any such replacement shall not be deemed to be a
waiver of any rights that the Borrower, the Administrative Agent or any other Lender shall have
against the replaced Lender. Prepayments pursuant to clause (b) above (i) shall be accompanied by
accrued and unpaid interest on the principal amount so prepaid up to the date of such prepayment
and (ii) shall not be subject to the provisions of Section 2.18.




          2.25 Incremental Loans. (a) The Borrower may by written notice to the Administrative
Agent elect to request the establishment of one or more new term loan or revolving commitments (the
“New Loan Commitments”) hereunder, in an aggregate amount for all such New Loan Commitments
not in excess of $100,000,000. Each such notice shall specify the date (each, an “Increased
Amount Date”) on which the Borrower proposes that the New Loan Commitments shall be effective,
which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent;
provided that any Lender offered or approached to provide all or a portion of any New Loan
Commitments may elect or decline, in its sole discretion, to provide such New Loan Commitments.





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          (b) Such New Loan Commitments shall become effective as of such Increased Amount Date;
provided that (i) no Default or Event of Default shall exist on such Increased Amount Date
before or after giving effect to such New Loan Commitments and to the making of any Tranche of New
Loans pursuant thereto and after giving effect to any Permitted Acquisition consummated in
connection therewith; (ii) the Borrower shall be in pro forma compliance with the
financial covenants set forth in Section 7.1; (iii) the proceeds of any New Loans shall be used for
general corporate purposes of the Borrower and its Subsidiaries (including Permitted Acquisitions
and Investments permitted under Section 7.7); (iv) the New Loans shall share ratably in the
Collateral; (v) the New Loans that are term loans (“New Term Loans”) shall share ratably in
any mandatory prepayments of the existing Term Loans; (vi) in the case of any New Term Loans, the
maturity date thereof shall not be earlier than the Tranche C Term Maturity Date and the weighted
average life to maturity shall be equal to or greater than the weighted average life to maturity of
the Tranche C Term Loans; (vii) in the case of any New Loans that are revolving loans or
commitments (“New Revolving Loans”) the maturity date or commitment termination date
thereof shall not be earlier than the Revolving Termination Date and such New Revolving Loans shall
not require any scheduled commitment reductions prior to the Revolving Termination Date; (viii) the
New Revolving Loans shall share ratably in any mandatory prepayments of the existing Revolving
Loans; (ix) all terms and documentation with respect to any New Loans which differ from those with
respect to the Loans under the applicable Facility shall be reasonably satisfactory to the
Administrative Agent (except to the extent permitted by clauses (vi) and (vii) above and the last
sentence of this paragraph); (x) such New Loans or New Loan Commitments shall be effected pursuant
to one or more Joinder Agreements executed and delivered by the Borrower, the Administrative Agent
and one or more New Lenders; (xi) the Borrower shall deliver or cause to be delivered any customary
legal opinions or other documents reasonably requested by Administrative Agent in connection with
any such transaction, including any supplements or amendments to the Security Documents providing
for such New Loans to be secured thereby; and (xii) if the initial “spread” (for purposes of this
Section 2.25 the “spread” with respect to any Loan shall be calculated as the sum of the Eurodollar
Loan margin on the relevant Loan plus any original issue discount or upfront fees in lieu of
original issue discount (other than any arranging fees, underwriting fees and commitment fees)
(based on an assumed four-year average life for the applicable Facilities (e.g., 100 basis points
in original issue discount or upfront fees equals 25 basis points of interest rate margin)))
relating to the New Term Loans exceeds the spread then in effect with respect to the Tranche B Term
Loans by more than 0.25%, the Applicable Margin relating to the existing Tranche B Term Loans shall
be adjusted so that the spread relating to such New Term Loans does not exceed the spread
applicable to the existing Tranche B Term Loans by more than 0.25%. Any New Loans made on an
Increased Amount Date that have terms and provisions that differ from those of the Term Loans or
Revolving Loans, as applicable, outstanding on the date on which such New Loans are made shall be
designated as a separate tranche (a “Tranche”) of Term Loans or Revolving Loans, as
applicable, for all purposes of this Agreement, except as the relevant Joinder Agreement otherwise
provides. For the avoidance of
 doubt, the rate of interest and the amortization schedule (if
applicable) of any New Loan Commitments shall be determined by the Borrower and the applicable New
Lenders and shall be set forth in the applicable Joinder Agreement.




          (c) On any Increased Amount Date on which any New Loan Commitment become effective, subject
to the foregoing terms and conditions, each lender with a New Loan Commitment (each, a “New
Lender”) shall become a Lender hereunder with respect to such New Loan Commitment.




          (d) The terms and provisions of the New Loan Commitments of any Tranche shall be, except as
otherwise set forth in the relevant Joinder Agreement, identical to those of the applicable Loans
and for purposes of this Agreement, any New Loans or New Loan Commitments shall be deemed to be
Term Loans, Revolving Loans or Revolving Commitments, as applicable. Each Joinder Agreement may,
without the consent of any other Lenders, effect such amendments to this Agreement and the other
Loan





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Documents as may be necessary or appropriate, in the opinion of the Administrative Agent, to
effect the provisions of this Section 2.25.




          (e) For the avoidance of doubt, the Additional Revolving Commitments and the Tranche C Term
Commitments shall not constitute New Loan Commitments, any Revolving Loans made in respect of the
Additional Revolving Commitments shall not constitute New Loans or New Revolving Loans and the
Tranche C Term Loans shall not constitute New Loans or New Term Loans.




SECTION 3. LETTERS OF CREDIT




          3.1 L/C Commitment. (a) Subject to the terms and conditions hereof, each Issuing Lender,
in reliance on the agreements of the other Revolving Lenders set forth in Section 3.4(a), agrees to
issue letters of credit (“Letters of Credit”) under the Revolving Commitment for the
account of the Borrower or any Guarantor on any Business Day during the Revolving Commitment Period
in such form as may be approved from time to time by such Issuing Lender; provided that no
Issuing Lender shall have any obligation to issue any Letter of Credit if, after giving effect to
such issuance, (i) the L/C Obligations would exceed the L/C Commitment or (ii) the aggregate amount
of the Available Revolving Commitments would be less than zero. Each Letter of Credit shall (i) be
denominated in Dollars and (ii) expire no later than the earlier of (x) the first anniversary of
its date of issuance and (y) the date that is three Business Days prior to the Revolving
Termination Date (unless cash collateralized or backstopped, in each case in a manner agreed to by
the Borrower and the Issuing Lender); provided that any Letter of Credit with a one-year
term may provide for the renewal thereof for additional one-year periods (which shall in no event
extend beyond the date referred to in clause (y) above).




          (b) No Issuing Lender shall at any time be obligated to issue any Letter of Credit if such
issuance would conflict with, or cause such Issuing Lender to exceed any limits imposed by, any
applicable Requirement of Law.




          3.2 Procedure for Issuance of Letter of Credit. The Borrower may from time to time
request that the relevant Issuing Lender issue a Letter of Credit (or amend, renew or extend an
outstanding Letter of Credit) by delivering to such Issuing Lender at its address for notices
specified to the Borrower by such Issuing Lender an Application therefor, with a copy to the
Administrative Agent, completed to the reasonable satisfaction of such Issuing Lender, and such
other certificates, documents and other papers and information as such Issuing Lender may
reasonably request. Upon receipt of any Application, the relevant Issuing Lender will process such
Application and the certificates, documents and other papers and information delivered to it in
connection therewith in accordance with its customary procedures and shall promptly issue (or
amend, renew or extend, as the case may be) the Letter of Credit requested thereby (but in no event
without the consent of the applicable Issuing Lender shall any Issuing Lender be required to issue
(or amend, renew or extend, as the case may be) any Letter of Credit earlier than three Business
Days after its receipt of the Application therefor and all such other certificates, documents and
other papers and information relating thereto) by issuing the original of such Letter of Credit (or
such amendment, renewal or extension, as the case may be) to the beneficiary thereof or as otherwise may be agreed to by such Issuing
Lender and the Borrower. Such Issuing Lender shall furnish a copy of such Letter of Credit to the
Borrower promptly following the issuance (or such amendment, renewal or extension, as the case may
be) thereof. Each Issuing Lender shall promptly furnish to the Administrative Agent, which shall
in turn promptly furnish to the relevant Revolving Lenders, notice of the issuance (or such
amendment, renewal or extension, as the case may be) of each Letter of Credit issued by it
(including the amount thereof).





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          3.3 Fees and Other Charges. (a) The Borrower will pay a fee on each outstanding Letter
of Credit requested by it, at a per annum rate equal to the Applicable Margin then in effect with
respect to Eurocurrency Loans under the Revolving Facility (minus the fronting fee referred to
below), on the face amount of such Letter of Credit, which fee shall be shared ratably among the
Revolving Lenders and payable quarterly in arrears on each Fee Payment Date after the issuance
date; provided that, with respect to any Defaulting Lender, such Lender’s ratable share of
any letter of credit fee accrued on the aggregate amount available to be drawn on any outstanding
Letters of Credit during the period prior to the time such Lender became a Defaulting Lender and
unpaid at such time shall not be payable by the Borrower so long as such Lender shall be a
Defaulting Lender except to the extent that such Lender’s ratable share of any letter of credit fee
shall otherwise have been due and payable by the Borrower prior to such time; provided
further that any Defaulting Lender’s ratable share of any letter of credit fee accrued on
the aggregate amount available to be drawn on any outstanding Letters of Credit shall accrue for
the account of the Borrower so long as such Lender shall be a Defaulting Lender. In addition, the
Borrower shall pay to each Issuing Lender for its own account a fronting fee on the aggregate face
amount of all outstanding Letters of Credit issued by it to the Borrower separately agreed to by
the Borrower and such Issuing Lender (but in any event not to exceed 0.25% per annum), payable
quarterly in arrears on each Fee Payment Date after the issuance date.




          (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender
for costs and expenses agreed by the Borrower and such Issuing Lender in issuing, negotiating,
effecting payment under, amending or otherwise administering any Letter of Credit requested by the
Borrower.




          3.4 L/C Participations. (a) Each Issuing Lender irrevocably agrees to grant and hereby
grants to each L/C Participant, and, to induce such Issuing Lender to issue Letters of Credit, each
L/C Participant irrevocably agrees to accept and purchase and hereby accepts and purchases from
such Issuing Lender, on the terms and conditions set forth below, for such L/C Participant’s own
account and risk an undivided interest equal to such L/C Participant’s Revolving Percentage in such
Issuing Lender’s obligations and rights under and in respect of each Letter of Credit issued by it
and the amount of each draft paid by such Issuing Lender thereunder. Each L/C Participant agrees
with each Issuing Lender that, if a draft is paid under any Letter of Credit issued by it for which
such Issuing Lender is not reimbursed in full by the Borrower in accordance with the terms of this
Agreement, such L/C Participant shall pay to the Administrative Agent for the account of such
Issuing Lender upon demand an amount equal to such L/C Participant’s Revolving Percentage of the
amount of such draft, or any part thereof, that is not so reimbursed; provided that,
nothing in this paragraph shall relieve the Issuing Lender of any liability resulting from the
gross negligence or willful misconduct of the Issuing Lender. Each L/C Participant’s obligation to
pay such amount shall be absolute and unconditional and shall not be affected by any circumstance,
including (i) any setoff, counterclaim, recoupment, defense or other right that such L/C
Participant may have against any Issuing Lender, the Borrower or any other Person for any reason
whatsoever, (ii) the occurrence or continuance of a Default or an Event of Default or the
failure to satisfy any of the other conditions specified in Section 5, (iii) any adverse change in
the financial condition of the Borrower, (iv) any breach of this Agreement or any other Loan
Document by the Borrower, any other Loan Party or any other L/C Participant or (v) any other
circumstance, happening or event whatsoever, whether or not similar to any of the foregoing.




          (b) If any amount required to be paid by any L/C Participant to the Administrative Agent for
the account of any Issuing Lender pursuant to Section 3.4(a) in respect of any unreimbursed portion
of any payment made by such Issuing Lender under any Letter of Credit is paid to the Administrative
Agent for the account of such Issuing Lender within three Business Days after the date such payment
is due, such L/C Participant shall pay to the Administrative Agent for the account of such Issuing
Lender on





59









 







demand an amount equal to the product of (i) such amount, times (ii) the daily average
Federal Funds Effective Rate during the period from and including the date such payment is required
to the date on which such payment is immediately available to such Issuing Lender, times (iii) a
fraction the numerator of which is the number of days that elapse during such period and the
denominator of which is 360. If any such amount required to be paid by any L/C Participant
pursuant to Section 3.4(a) is not made available to the Administrative Agent for the account of the
relevant Issuing Lender by such L/C Participant within three Business Days after the date such
payment is due, such Issuing Lender shall be entitled to recover from such L/C Participant, on
demand, such amount with interest thereon calculated from such due date at the rate per annum
applicable to ABR Loans under the Revolving Facility. A certificate of the relevant Issuing Lender
submitted to any relevant L/C Participant with respect to any amounts owing under this Section 3.4
shall be presumptively correct in the absence of demonstrable error.




          (c) Whenever, at any time after any Issuing Lender has made payment under any Letter of Credit
and has received from any L/C Participant its pro rata share of such payment in
accordance with Section 3.4(a) such Issuing Lender receives any payment related to such Letter of
Credit (whether directly from the Borrower or otherwise, including proceeds of collateral applied
thereto by such Issuing Lender), or any payment of interest on account thereof, such Issuing Lender
will distribute to the Administrative Agent for the account of such L/C Participant its pro
rata share thereof; provided, however, that in the event that any such
payment received by such Issuing Lender shall be required to be returned by such Issuing Lender,
such L/C Participant shall return to the Administrative Agent for the account of such Issuing
Lender the portion thereof previously distributed by such Issuing Lender to it.




          3.5 Reimbursement Obligation of the Borrower. The Borrower agrees to reimburse each
Issuing Lender on the Business Day following the date on which such Issuing Lender notifies the
Borrower of the date and amount of a draft presented under any Letter of Credit issued by such
Issuing Lending at the Borrower’s request and paid by such Issuing Lender for the amount of
(a) such draft so paid and (b) any Non-Excluded Taxes and Other Taxes, fees, charges or other costs
or expenses reasonably incurred by such Issuing Lender in connection with such payment (the amounts
described in the foregoing clauses (a) and (b) in respect of any drawing, collectively, the
“Payment Amount”). Each such payment shall be made to such Issuing Lender at its address
for notices specified to the Borrower and in immediately available funds. Interest shall be
payable on any such amounts from the date on which the relevant draft is paid until payment in full
at a rate equal to (i) until the second Business Day next succeeding the date of the relevant
notice, the rate applicable to ABR Loans under the Revolving Facility and (ii) thereafter, the rate
set forth in Section 2.15(c).




          3.6 Obligations Absolute. The Borrower’s obligations under this Section 3 shall be absolute and unconditional under
any and all circumstances and irrespective of any setoff, counterclaim or defense to payment that
the Borrower may have or have had against any Issuing Lender, any beneficiary of a Letter of Credit
or any other Person. The Borrower also agrees with each Issuing Lender that such Issuing Lender
shall not be responsible for, and the Borrower’s Reimbursement Obligations under Section 3.5 shall
not be affected by, among other things, the validity or genuineness of documents or of any
endorsements thereon, even though such documents shall in fact prove to be invalid, fraudulent or
forged, or any dispute between or among the Borrower and any beneficiary of any Letter of Credit or
any other party to which such Letter of Credit may be transferred or any claims whatsoever of the
Borrower against any beneficiary of such Letter of Credit or any such transferee, or any other
events or circumstances that, pursuant to applicable law or the applicable customs and practices
promulgated by the International Chamber of Commerce, are not within the responsibility of such
Issuing Lender, except for errors, omissions, interruptions or delays resulting from the gross
negligence or willful misconduct of such Issuing Lender or its employees or agents. No Issuing
Lender shall be liable for any error, omission, interruption or delay in transmission, dispatch or
delivery of any message or advice, however transmitted,





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in connection with any Letter of Credit, except for errors, omissions, interruptions or delays resulting from the gross negligence or
willful misconduct of such Issuing Lender or its employees or agents. The Borrower agrees that any
action taken or omitted by any Issuing Lender under or in connection with any Letter of Credit or
the related drafts or documents, if done in the absence of gross negligence or willful misconduct
and in accordance with the standards or care specified in the Uniform Commercial Code of the State
of New York, shall be binding on the Borrower and shall not result in any liability of such Issuing
Lender to the Borrower.




          3.7 Letter of Credit Payments. If any draft shall be presented for payment under any
Letter of Credit, the relevant Issuing Lender shall promptly notify the Borrower of the date and
amount thereof. The responsibility of such Issuing Lender to the Borrower in connection with any
draft presented for payment under any Letter of Credit issued by such Issuing Lender shall, in
addition to any payment obligation expressly provided for in such Letter of Credit, be limited to
determining that the documents (including each draft) delivered under such Letter of Credit in
connection with such presentment are substantially in conformity with such Letter of Credit.




          3.8 Applications. To the extent that any provision of any Application related to any
Letter of Credit is inconsistent with the provisions of this Agreement or any other Loan Document,
the provisions of this Agreement or such other Loan Document shall apply.




SECTION 4. REPRESENTATIONS AND WARRANTIES




          To induce the Agents and the Lenders to enter into this Agreement and to make the Loans and
issue or participate in the Letters of Credit, Holdings (to the extent applicable) and the Borrower
hereby jointly represent and warrant (as to itself and each of its Restricted Subsidiaries) to the
Agents and each Lender, which representations and warranties shall be deemed made on the Closing
Date (to the extent relating to Holdings or the Initial Borrower, immediately before giving effect
to the Merger Transactions and to the extent relating to Holdings, the Borrower or any Restricted
Subsidiary, immediately after giving effect to the Merger Transactions) and on the date of each
borrowing of Loans or issuance, extension or renewal of a Letter of Credit hereunder that:




          4.1 Financial Condition. (a) The audited consolidated balance sheet of the Company and its Subsidiaries as at March
31, 2006, March 31, 2007 and March 31, 2008, and the related statements of income and of cash flows
for the fiscal years ended on such dates, in each case with consolidating schedules for the U.S.
government business of the Company and the other businesses of the Company, reported on by and
accompanied by an unqualified report from Ernst & Young LLP, present fairly in all material
respects the financial condition of the Company and its Subsidiaries as at such date, and the
results of, their operations, their cash flows and their changes in stockholders’ equity for the
respective fiscal years then ended. All such financial statements, including the related schedules
and notes thereto and year end adjustments, have been prepared in accordance with GAAP (except as
otherwise noted therein).




          (b) The pro forma consolidated balance sheet of the Borrower and its
Subsidiaries as of June 30, 2008 (i) has been prepared in good faith based on assumptions that are
believed by the Borrower to be reasonable at the time made (it being understood that such
assumptions are based on good faith estimates with respect to certain items and that the actual
amounts of such items on the Closing Date is subject to variation)), (ii) accurately reflects all
adjustments necessary to give effect to the Transactions and (iii) presents fairly, in all material
respects, the pro forma financial position of the Borrower and its Subsidiaries as
of June 30, 2008, as if the Transactions had occurred on such date; provided that such





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pro forma balance sheet has been prepared without giving effect to all purchase
accounting or similar adjustments.




          4.2 No Change. (a) As of the Closing Date, there has been no event, circumstance,
development, change or effect that has had a Closing Date Material Adverse Effect since the date of
the Merger Agreement.




          (b) At any time after the Closing Date as of which this representation and warranty is made or
deemed made, there has been no event, development or circumstance since March 31, 2008 that has had
or would reasonably be expected to have a Material Adverse Effect.




          4.3 Existence; Compliance with Law. Except as set forth in Schedule 4.3, each of
Holdings, the Borrower and its Restricted Subsidiaries (other than any Immaterial Subsidiaries)
(a) (i) is duly organized (or incorporated), validly existing and in good standing (or, only where
if applicable, the equivalent status in any foreign jurisdiction) under the laws of the
jurisdiction of its organization or incorporation, (ii) has the corporate or organizational power
and authority, and the legal right, to own and operate its Property, to lease the Property it
operates as lessee and to conduct the business in which it is currently engaged, except where the
failure to do so would not reasonably be expected to have a Material Adverse Effect and (iii) is
duly qualified as a foreign corporation or limited liability company and in good standing (where
such concept is relevant) under the laws of each jurisdiction where its ownership, lease or
operation of Property or the conduct of its business requires such qualification except, in each
case, to the extent that the failure to be so qualified or in good standing (where such concept is
relevant) would not have a Material Adverse Effect and (b) is in compliance with all Requirements
of Law except to the extent that any such failure to comply therewith would not have a Material
Adverse Effect.




          4.4 Corporate Power; Authorization; Enforceable Obligations. (a) Each Loan Party has the
corporate power and authority to make, deliver and perform the Loan Documents to which it is a
party and, in the case of the Borrower, to borrow or have Letters of Credit issued hereunder. Each Loan Party has taken all necessary corporate or
other action to authorize the execution, delivery and performance of the Loan Documents to which it
is a party and, in the case of the Borrower, to authorize the extensions of credit on the terms and
conditions of this Agreement.




          (b) No consent or authorization of, filing with, notice to or other act by or in respect of,
any Governmental Authority is required in connection with the extensions of credit hereunder or the
execution, delivery, performance, validity or enforceability of this Agreement or any of the other
Loan Documents, except (i) consents, authorizations, filings and notices described in Schedule 4.4,
which consents, authorizations, filings and notices have been obtained or made and are in full
force and effect or the failure to obtain which would not reasonably be expected to have a Material
Adverse Effect and (ii) the filings referred to in Section 4.17.




          (c) Each Loan Document has been duly executed and delivered on behalf of each Loan Party that
is a party thereto. This Agreement constitutes, and each other Loan Document upon execution will
constitute, a legal, valid and binding obligation of each Loan Party that is a party thereto,
enforceable against each such Loan Party in accordance with its terms (provided that, with
respect to the creation and perfection of security interests with respect to the Capital Stock of
Foreign Subsidiaries, only to the extent enforceability of such obligation with respect to which
Capital Stock is governed by the Uniform Commercial Code), except as enforceability may be limited
by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the
enforcement of creditors’ rights generally and by general equitable principles (whether enforcement
is sought by proceedings in equity or at law) and the implied covenants of good faith and fair
dealing.




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          4.5 No Legal Bar. The execution, delivery and performance of this Agreement and the other
Loan Documents by the Loan Parties thereto, the issuance of Letters of Credit, the borrowings
hereunder and the use of the proceeds thereof will not (a) violate the organizational or governing
documents of the Loan Parties, (b) except as would not reasonably be expected to have a Material
Adverse Effect, violate any Requirement of Law binding on the Borrower or any of its Restricted
Subsidiaries or any Contractual Obligation of Holdings, the Borrower or any of its Restricted
Subsidiaries or (c) except as would not have a Material Adverse Effect, result in, or require, the
creation or imposition of any Lien on any of their respective properties or revenues pursuant to
any Requirement of Law or any such Contractual Obligation (other than the Liens permitted by
Section 7.3).




          4.6 No Material Litigation. Except as set forth in Schedule 4.6, no litigation,
investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to
the knowledge of the Borrower, likely to be commenced within a reasonable time period against the
Borrower or any of its Restricted Subsidiaries or against any of their Properties which, taken as a
whole, would reasonably be expected to have a Material Adverse Effect.




          4.7 No Default. No Default or Event of Default has occurred and is continuing (other
than, on the Closing Date, as a result of a breach of any representation or warranty other than any
Specified Representation).




          4.8 Ownership of Property; Liens. Except as set forth in Schedule 4.8A, each of the
Borrower and its Restricted Subsidiaries has good title in fee simple to, or a valid leasehold
interest in, all its Real Property, and good title to, or a valid leasehold interest in, all its
other Property (other than Intellectual Property), in each case, except where the failure to do so
would not reasonably be expected to have a Material Adverse Effect, and none of such Property is
subject to any Lien except as permitted by the Loan Documents. Schedule 4.8B lists all Real
Property which is owned or leased by any Loan Party as of the Closing Date.




          4.9 Intellectual Property. Each of the Borrower and its Restricted Subsidiaries owns, or
has a valid license to use, all Intellectual Property necessary for the conduct of its business as
currently conducted free and clear of all Liens except as permitted by the Loan Documents, other
than Intellectual Property owned by a Special Purpose Entity, except where the failure to do so
would not reasonably be expected to have a Material Adverse Effect. To the Borrower’s knowledge,
no holding, injunction, decision or judgment has been rendered by any Governmental Authority
against the Borrower or any Restricted Subsidiary and neither the Borrower nor any of its
Restricted Subsidiaries has entered into any settlement stipulation or other agreement (except
license agreements in the ordinary course of business) which would limit, cancel or question the
validity of the Borrower’s or any Restricted Subsidiary’s rights in, any Intellectual Property in
any respect that would reasonably be expected to have a Material Adverse Effect. To Borrower’s
knowledge, no claim has been asserted or threatened or is pending by any Person challenging or
questioning the use by the Borrower or its Restricted Subsidiaries of any Intellectual Property
owned by the Borrower or any of its Restricted Subsidiaries or the validity or effectiveness of any
Intellectual Property, except as would not reasonably be expected to have a Material Adverse
Effect. To the Borrower’s knowledge, the use of Intellectual Property by the Borrower and its
Restricted Subsidiaries does not infringe on the rights of any Person in a manner that would
reasonably be expected to have a Material Adverse Effect. The Borrower and its Restricted
Subsidiaries take all reasonable actions that in the exercise of their reasonable business judgment
should be taken to protect their Intellectual Property, including Intellectual Property that is
confidential in nature, except where the failure to do so would not reasonably be expected to have
a Material Adverse Effect.




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          4.10 Taxes. Each of Holdings, the Borrower and its Restricted Subsidiaries (i) has filed
or caused to be filed all federal, state, provincial and other tax returns that are required to be
filed and (ii) has paid all taxes shown to be due and payable on said returns and all other taxes,
fees or other charges imposed on it or any of its Property by any Governmental Authority (other
than any the amount or validity of which are currently being contested in good faith by appropriate
proceedings and with respect to which any reserves required in conformity with GAAP have been
provided on the books of the Borrower or such Restricted Subsidiary, as the case may be), except in
each case where the failure to do so would not reasonably be expected to have a Material Adverse
Effect.




          4.11 Federal Regulations. No part of the proceeds of any Loans, and no other extensions of
credit hereunder, will be used for any purpose that violates the provisions of the regulations of
the Board. If requested by any Lender (through the Administrative Agent) or the Administrative
Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the
foregoing effect in conformity with the requirements of FR Form G-3 or FR Form U-1 referred to in
Regulation U.




          4.12 ERISA. (a) Except as would not reasonably be expected, either individually or in the
aggregate, to have a Material Adverse Effect: (i) neither a Reportable Event nor a failure to meet
the minimum funding standards (within the meaning of Section 412(a) of the Code or Section
302(a)(2) of ERISA) with respect to periods beginning on or after January 1, 2008 or an
“accumulated funding deficiency” (within the meaning of Section 412(a) of the Code or Section
302(a)(2) of ERISA) has occurred during the five-year period prior to the date on which this
representation is made with respect to any Single Employer Plan, and each Single Employer Plan has
complied with the applicable provisions of ERISA and the Code; (ii) no termination of a Single
Employer Plan has occurred, and no Lien in favor of the PBGC or a Plan has arisen on the assets of
Holdings, the Borrower or any of its Restricted Subsidiaries, during such five-year period; the
present value of all accrued benefits under each Single Employer Plan (based on those assumptions
used to fund such Plans) did not, as of the last annual valuation date prior to the date on which
this representation is made or deemed made, exceed the value of the assets of such Single Employer
Plan allocable to such accrued benefits; (iii) none of Holdings, the Borrower or any of its
Restricted Subsidiaries has had a complete or partial withdrawal from any Multiemployer Plan that
has resulted or would reasonably be expected to result in a liability under ERISA; (iv) none of
Holdings, the Borrower or any of its Restricted Subsidiaries would become subject to any liability
under ERISA if the Borrower or such Restricted Subsidiary were to withdraw completely from all
Multiemployer Plans as of the valuation date most closely preceding the date on which this
representation is made; and (v) no Multiemployer Plan is in Reorganization or Insolvent.




          (b) Holdings, the Borrower and its Restricted Subsidiaries have not incurred, and do not
reasonably expect to incur, any liability under ERISA or the Code with respect to any plan within
the meaning of Section 3(3) of ERISA which is subject to Title IV of ERISA or Section 412 of the
Code or Section 302 of ERISA that is maintained by a Commonly Controlled Entity (other than
Holdings, the Borrower and its Restricted Subsidiaries) (a “Commonly Controlled Plan”)
merely by virtue of being treated as a single employer under Title IV of ERISA with the sponsor of
such plan that would reasonably be likely to have a Material Adverse Effect and result in a direct
obligation of Holdings, the Borrower or any of its Restricted Subsidiaries to pay money.




          4.13 Investment Company Act. No Loan Party is an “investment company”, or a company
“controlled” by an “investment company”, within the meaning of the Investment Company Act of 1940,
as amended.





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          4.14 Subsidiaries. (a) The Subsidiaries listed on Schedule 4.14 constitute all the
Subsidiaries of the Borrower at the Closing Date (and after giving effect to the Merger
Transactions and, to the extent applicable, the Company Reorganization). Schedule 4.14 sets forth
as of the Closing Date the name and jurisdiction of incorporation of each Subsidiary and, as to
each Subsidiary, the percentage of each class of Capital Stock owned by any Loan Party and the
designation of such Subsidiary as a Restricted Subsidiary or an Unrestricted Subsidiary.




          (b) As of the Closing Date (and after giving effect to the Merger Transactions and, to the
extent applicable, the Company Reorganization), except as set forth on Schedule 4.14 or as
otherwise contemplated by the Merger Agreement, there are no outstanding subscriptions, options,
warrants, calls, rights or other agreements or commitments (other than stock options granted to
officers, employees or directors and directors’ qualifying shares) of any nature relating to any Capital Stock of the
Borrower or any of its Restricted Subsidiaries.




          4.15 Environmental Matters. Other than exceptions to any of the following that would not
reasonably be expected to have a Material Adverse Effect, none of the Borrower or any of its
Restricted Subsidiaries (i) has failed to comply with any Environmental Law or to obtain, maintain
or comply with any permit, license or other approval required under any Environmental Law for the
operation of the Business; or (ii) has become subject to any Environmental Liability.




          4.16 Accuracy of Information, etc. As of the Closing Date, no statement or information
(excluding the projections and pro forma financial information referred to below)
contained in this Agreement, any other Loan Document or any certificate furnished to the
Administrative Agent or the Lenders or any of them, by or on behalf of any Loan Party for use in
connection with the transactions contemplated by this Agreement or the other Loan Documents when
taken as a whole, contained as of the date such statement, information, or certificate was so
furnished, any untrue statement of a material fact or omitted to state a material fact necessary in
order to make the statements contained herein or therein, in light of the circumstances under which
they were made, not materially misleading. As of the Closing Date, the projections and pro
forma financial information contained in the materials referenced above are based upon good
faith estimates and assumptions believed by management of the Borrower to be reasonable at the time
made, in light of the circumstances under which they were made, it being recognized by the Agents
and the Lenders that such financial information as it relates to future events is not to be viewed
as fact and that actual results during the period or periods covered by such financial information
may differ from the projected results set forth therein by a material amount.




          4.17 Security Documents. (a) The Guarantee and Collateral Agreement is effective to
create in favor of the Collateral Agent for the benefit of the Secured Parties, a legal, valid and
enforceable security interest in the Collateral described therein of a type in which a security
interest can be created under Article 9 of the UCC (including any proceeds of any such item of
Collateral); provided that for purposes of this Section 4.17(a), Collateral shall be deemed
to exclude any Property expressly excluded from the definition of “Collateral” as set forth in the
Guarantee and Collateral Agreement (the “Excluded Collateral”). In the case of (i) the
Pledged Securities described in the Guarantee and Collateral Agreement (other than Excluded Capital
Stock) when any stock certificates or notes, as applicable, representing such Pledged Securities
are delivered to the Collateral Agent, (ii) the Material Deposit Accounts and Material Securities
Accounts described in the Guarantee and Collateral Agreement, when control agreements with respect
to such Material Deposit Accounts and Material Securities Accounts are executed granting “control”
(as defined in the UCC) of such accounts to the Collateral Agent and (iii) the other Collateral
described in the Guarantee and Collateral Agreement (other than Excluded Collateral and deposit
accounts and securities accounts that do not constitute Material Deposit Accounts and Material
Securities Accounts),when financing statements in appropriate form are filed in the offices
specified on








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Schedule 4.17 (which financing statements have been duly completed and executed (as
applicable) and delivered to the Collateral Agent) and such other filings as are specified on
Schedule 3 to the Guarantee and Collateral Agreement are made, the Collateral Agent shall have a
fully perfected first priority Lien on, and security interest in, all right, title and interest of
the Loan Parties in such Collateral (including any proceeds of any item of Collateral) (to the
extent a security interest in such Collateral can be perfected through the filing
of financing statements in the offices specified on Schedule 4.17 and the filings specified on
Schedule 3 to the Guarantee and Collateral Agreement, and through the delivery of the Pledged
Securities required to be delivered on the Closing Date), as security for the Obligations, in each
case prior in right to the Lien of any other Person (except (i) in the case of Collateral other
than Pledged Securities, Liens permitted by Section 7.3 and (ii) Liens having priority by operation
of law) to the extent required by the Guarantee and Collateral Agreement.




     (b) Upon the execution and delivery of any Mortgage to be executed and delivered pursuant to
Section 6.8(b), such Mortgage shall be effective to create in favor of the Collateral Agent for the
benefit of the Secured Parties a legal, valid and enforceable Lien on the Mortgaged Property
described therein and proceeds thereof, except as enforceability may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of
creditors’ rights generally and by general equitable principles (whether enforcement is sought by
proceedings in equity or at law) and the implied covenants of good faith and fair dealing; and when
such Mortgage is filed in the recording office designated by the Borrower, such Mortgage shall
constitute a fully perfected Lien on, and security interest in, all right, title and interest of
the Loan Parties in such Mortgaged Property and the proceeds thereof, as security for the
Obligations (as defined in the relevant Mortgage), in each case prior and superior in right to any
other Person (other than Liens permitted by Section 7.3 or other encumbrances or rights permitted
by the relevant Mortgage).



          4.18 Solvency. As of the Closing Date, the Loan Parties are (on a consolidated basis), and
after giving effect to the Transactions will be, Solvent.




SECTION 5. CONDITIONS PRECEDENT




          5.1 Conditions to Initial Extension of Credit. The agreement of each Lender to make the
initial extension of credit requested to be made by it is subject to the satisfaction (or waiver),
prior to or concurrently with the making of such extension of credit on the Closing Date, of the
following conditions precedent:





     (a) Credit Agreement; Mezzanine Loan Facility. The Administrative Agent shall
have received (i) this Agreement, executed and delivered by the Administrative Agent, the
Collateral Agent, Holdings, the Borrower, the Lead Arrangers, the Lenders party hereto and
the Issuing Bank, (ii) the Guarantee and Collateral Agreement, executed and delivered by
Holdings, the Borrower and each Subsidiary Guarantor and (iii) (subject to the last
paragraph of this Section 5.1) with respect to each Material Real Property owned by a Loan
Party as of the Closing Date, a Mortgage executed and delivery by such Loan Party in favor
of the Collateral Agent for the benefit of the Secured Parties, covering such Real Property
(together with such other documents relating thereto consistent with the requirements of
Section 6.8(b)). The Administrative Agent shall have received evidence that the Mezzanine
Loan Agreement has been executed and delivered by all Persons stated to be a party thereto
in the form then most recently delivered to the Administrative Agent, and the Mezzanine
Loans shall have been made.



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     (b) Transaction, etc. The following transactions shall be consummated:




     (i) Merger. The Merger Transactions shall be consummated substantially
concurrently with the initial funding of the Loans on the Closing Date (A) in
accordance with the Merger Agreement and the related disclosure schedules and exhibits
thereto, without waiver or amendment of any material provision thereof (other than
any such waivers or amendments (including, without limitation, with respect to any
representations and warranties in the Merger Agreement) as are not materially
adverse to the Lenders or the Lead Arrangers (including, without limitation, the
definition of “Company Material Adverse Effect” therein and the representation and
warranty set forth in Section 4.8(c) thereof)) unless consented to by the Lead
Arrangers (which consent shall not be unreasonably withheld or delayed) or (B) on
such other terms and conditions as are reasonably satisfactory to the Lead
Arrangers.




     (ii) Equity Financing. The Permitted Investors shall have made equity
contributions to, or purchased for cash equity of, Holdings in an aggregate amount
that, together with all roll-over equity, constitutes not less than 40% of the
pro forma capitalization of Holdings and its subsidiaries on a
consolidated basis (after giving effect to the Transactions but excluding any Loans
made or Letters of Credit issued under the Revolving Facility).




     (iii) The representation and warranty of the Company contained in
Section 4.8(c) of the Merger Agreement shall be true and correct as of the Closing
Date as if made on and as of the Closing Date, except where the failure of such
representation and warranty to be so true and correct has not had and would not be
reasonably likely to have, individually or in the aggregate, a Closing Date Material
Adverse Effect.




     (c) Solvency Certificate. The Administrative Agent shall have received a
solvency certificate signed by the chief financial officer on behalf of Holdings,
substantially in the form of Exhibit G.




     (d) Lien Searches. The Collateral Agent shall have received the results of a
recent lien search in each of the jurisdictions in which Uniform Commercial Code financing
statements or other filings or recordations should be made to evidence or perfect security
interests in all assets of the Loan Parties, and such search shall reveal no liens on any of
the assets of the Loan Party, except for Liens permitted by Section 7.3 or liens to be
discharged on or prior to the Closing Date.




     (e) Closing Certificate. The Administrative Agent shall have received a
certificate of each Loan Party, dated as of the Closing Date, substantially in the form of
Exhibit C, with appropriate insertions and attachments.




     (f) Legal Opinions. The Administrative Agent shall have received an executed
legal opinion of (i) Debevoise & Plimpton LLP, special New York counsel to the Loan Parties,
substantially in the form of Exhibit E-1 and (ii) Morris, Nichols, Arsht & Tunnell LLP,
special Delaware counsel to the Loan Parties, substantially in the form of Exhibit E-2.




     (g) Pledged Stock; Stock Powers. The Collateral Agent shall have received the
certificates, if any, representing the shares of Capital Stock held by a Loan Party pledged



67









 






pursuant to the Guarantee and Collateral Agreement, together with an undated stock power for
each such certificate executed in blank by a duly authorized officer of the pledgor thereof.




     (h) Filings, Registrations and Recordings. Each document (including, without
limitation, any Uniform Commercial Code financing statement) required by the Security
Documents to be filed, registered or recorded in order to create in favor of the Collateral Agent for
the benefit of the Secured Parties, a first priority perfected Lien on the Collateral
described therein, shall have been delivered to the Collateral Agent in proper form for
filing, registration or recordation.




     (i) Insurance. The Administrative Agent shall have received insurance
certificates satisfying the requirements of Section 6.5(c).




     (j) USA Patriot Act. The Lenders shall have received from each of the Loan
Parties documentation and other information requested by any Lender no less than 10 calendar
days prior to the Closing Date that is required by regulatory authorities under applicable
“know your customer” and anti-money laundering rules and regulations, including, without
limitation, the USA Patriot Act.




     (k) Specified Representations. The Specified Representations shall be true and
correct in all material respects.



          Notwithstanding anything in any Loan Document to the contrary, (i) other than with respect to
any Closing Date UCC Filing Collateral or Closing Date Stock Certificates, to the extent any
collateral is not provided on the Closing Date after the Borrower’s use of commercially reasonable
efforts to do so, the delivery of such collateral shall not constitute a condition precedent to the
availability of the Loans on the Closing Date, (ii) with respect to perfection of security
interests in the Closing Date UCC Filing Collateral, the Borrower’s sole obligation shall be to
deliver, or cause to be delivered, necessary UCC financing statements to the Administrative Agent
or to irrevocably authorize or cause the applicable Guarantor to irrevocably authorize the
Administrative Agent to file necessary UCC financing statements and (iii) with respect to
perfection of security interests in Closing Date Stock Certificates, the Borrower’s sole obligation
shall be to deliver to the Administrative Agent the Closing Date Stock Certificates as and to the
extent they are delivered to the Borrower by the Company pursuant to the Merger Agreement, in each
case, duly endorsed in blank.




          5.2 Conditions to Each Revolving Loan Extension of Credit After Closing Date. The
agreement of each Lender to make any Revolving Loan or to issue or participate in any Letter of
Credit hereunder on any date after the Closing Date is subject to the satisfaction of the following
conditions precedent:





     (a) Representations and Warranties. Each of the representations and warranties
made by any Loan Party in or pursuant to the Loan Documents shall be true and correct in all
material respects, in each case on and as of such date as if made on and as of such date
except to the extent that such representations and warranties relate to an earlier date, in
which case such representations and warranties shall be true and correct in all material
respects as of such earlier date.




     (b) No Default. No Default or Event of Default shall have occurred and be
continuing on such date or after giving effect to the extensions of credit requested to be
made on such date.




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Each borrowing of a Revolving Loan by and issuance, extension or renewal of a Letter of Credit
on behalf of the Borrower hereunder after the Closing Date shall constitute a representation and
warranty by the Borrower as of the date of such extension of credit that the conditions contained
in this Section 5.2 have been satisfied.




SECTION 6. AFFIRMATIVE COVENANTS




          The Borrower (on behalf of itself and each of the Restricted Subsidiaries) hereby agrees that,
so long as the Commitments remain in effect, any Letter of Credit remains outstanding (that has not
been cash collateralized or backstopped, in each case on terms agreed to by the Borrower and the
applicable Issuing Lender) or any Loan or other amount is owing to any Lender or any Agent
hereunder (other than (i) contingent or indemnification obligations not then due and (ii)
obligations in respect of Specified Hedge Agreements or Cash Management Obligations), the Borrower
shall, and shall cause each of the Restricted Subsidiaries to:




          6.1 Financial Statements. Furnish to the Administrative Agent for delivery to each Lender
(which may be delivered via posting on IntraLinks or another similar electronic platform):





     (a) within 120 days (or 135 days with respect to the fiscal year ending March 31, 2009)
after the end of each fiscal year of the Borrower, commencing with the fiscal year ending
March 31, 2009, a copy of the audited consolidated balance sheet of the Borrower and its
consolidated Subsidiaries as at the end of such year and the related audited consolidated
statements of income and of cash flows for such year, setting forth, commencing with the
financial statements with respect to the fiscal year ending March 31, 2010, in comparative
form the figures as of the end of and for the previous year, reported on without
qualification arising out of the scope of the audit, by Ernst & Young LLP or other
independent certified public accountants of nationally recognized standing; and




     (b) within 45 days (or 60 days with respect to the fiscal quarters ending prior to
March 31, 2009) after the end of each of the first three quarterly periods of each fiscal
year of the Borrower, commencing with the fiscal quarter ending September 30, 2008, the
unaudited consolidated balance sheet of the Borrower and its consolidated Subsidiaries as at
the end of such quarter and the related unaudited consolidated statements of income and of
cash flows for such quarter and the portion of the fiscal year through the end of such
quarter, setting forth, commencing after the first full fiscal year after the Closing Date,
in comparative form the figures as of the end of and for the corresponding period in the
previous year, certified by a Responsible Officer as being fairly stated in all material
respects (subject to normal year-end audit adjustments and the lack of notes);


all such financial statements to be prepared in reasonable detail and in accordance with GAAP
applied consistently throughout the periods reflected therein and with prior periods (except as
disclosed therein and except in the case of the financial statements referred to in clause (b), for
customary year-end adjustments and the absence of footnotes). The Borrower may satisfy its
obligations under this Section 6.1 with respect to financial information of the Borrower and its
consolidated Subsidiaries by delivering information relating to Holdings, the Borrower and its
consolidated Subsidiaries.




          Documents required to be delivered pursuant to this Section 6.1 may be delivered by posting
such documents electronically with notice of such posting to the Administrative Agent and if so
posted, shall be deemed to have been delivered on the date on which such documents are posted on
the Borrower’s behalf on IntraLinks/IntraAgency or another relevant website, if any, to which each
Lender






69









 







and the Administrative Agent have access (whether a commercial, third-party website or whether
sponsored by the Administrative Agent).




          6.2 Certificates; Other Information. Furnish to the Administrative Agent for delivery to
each Lender, or, in the case of clause (g), to the relevant Lender:





     (a) to the extent permitted by the internal policies of such independent certified
public accountants, concurrently with the delivery of the financial statements referred to
in Section 6.1(a), a certificate of the independent certified public accountants in
customary form reporting on such financial statements stating that in making the examination
necessary therefor no knowledge was obtained of any Default or Event of Default arising
under Section 7.1, except as specified in such certificate;




     (b) concurrently with the delivery of any financial statements pursuant to Section 6.1,
(i) a Compliance Certificate of a Responsible Officer on behalf of the Borrower stating that
such Responsible Officer has obtained no knowledge of any Default or Event of Default that
has occurred and is continuing except as specified in such certificate and (ii) to the
extent not previously disclosed to the Administrative Agent, (x) a description of any
Default or Event of Default that occurred and (y) a description of any new Subsidiary and of
any change in the name or jurisdiction of organization of any Loan Party and a listing of
any material registrations of or applications for United States Intellectual Property by any
Loan Party since the date of the most recent list delivered pursuant to this clause (or, in
the case of the first such list so delivered, since the Closing Date);




     (c) not later than 120 days (or 135 days with respect to the fiscal year ending March
31, 2009) after the end of each fiscal year of the Borrower, a detailed consolidated budget
for the following fiscal year (including a projected consolidated balance sheet of the
Borrower and its Subsidiaries as of the end of the following fiscal year and the related
consolidated statements of projected cash flow and projected income (collectively, the
“Annual Operating Budget”)); provided that at any time the Borrower,
Holdings or any Parent Company is subject to the reporting requirements set forth in Section
13(a) or 15(d) of the Securities Exchange Act of 1934, the Administrative Agent shall
deliver the Annual Operating Budget only to “private-side” Lenders (i.e., Lenders that wish
to receive material non-public information with respect to any Loan Party or its securities
for purposes of United States federal or state securities laws).




     (d) promptly after the same are sent, copies of all financial statements and material
reports that the Borrower sends to the holders of any class of its debt securities or public
equity securities (except for Permitted Investors) and, promptly after the same are filed,
copies of all financial statements and reports that the Borrower may make to, or file with,
the SEC, in each case to the extent not already provided pursuant to Section 6.1 or any
other clause of this Section 6.2;




     (e) promptly upon delivery thereof to the Borrower and to the extent permitted, copies
of any accountants’ letters addressed to its Board of Directors (or any committee thereof);




     (f) promptly upon delivery thereof under the relevant agreement, notice of any default
or event of default under the Mezzanine Loan Facility, and, prior to the effectiveness
thereof, copies of substantially final drafts of any proposed material amendment,
supplement, waiver or other modification with respect to the Mezzanine Loan Facility; and



70









 






     (g) promptly, such additional financial and other information as the Administrative
Agent (for its own account or upon the request from any Lender) may from time to time
reasonably request.



          Notwithstanding anything to the contrary in this Section 6.2, none of Holdings, the Borrower
or any of the Restricted Subsidiaries will be required to disclose any document, information or
other matter that (i) constitutes non-financial trade secrets or non-financial proprietary
information, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or
their respective representatives or contractors) is prohibited by Law or any binding agreement,
(iii) is subject to attorney-client or similar privilege or constitutes attorney work product or
(iv) constitutes classified information.



Documents required to be delivered pursuant to this Section 6.2 may be delivered by posting such
documents electronically with notice of such posting to the Administrative Agent and each Lender
and if so posted, shall be deemed to have been delivered on the date (i) on which the Borrower
posts such documents, or to provide a link thereto on the Borrower’s website or (ii) on which such
documents are posted on the Borrower’s behalf on IntraLinks/IntraAgency or another relevant
website, if any, to which each Lender and the Administrative Agent have access (whether a
commercial, third-party website or whether sponsored by the Administrative Agent).




          6.3 Payment of Taxes. Pay, discharge or otherwise satisfy at or before maturity or before
they become delinquent, as the case may be, all its material Taxes, governmental assessments and
governmental charges (other than Indebtedness), except (a) where the amount or validity thereof is
currently being contested in good faith by appropriate proceedings and reserves required in
conformity with GAAP with respect thereto have been provided on the books of the Borrower or its
Restricted Subsidiaries, as the case may be, or (b) to the extent that failure to pay or satisfy
such obligations would not reasonably be expected to have a Material Adverse Effect.




          6.4 Conduct of Business and Maintenance of Existence, etc.; Compliance. (a) Preserve,
renew and keep in full force and effect its corporate or other existence and take all reasonable
action to maintain all rights, privileges and franchises necessary or desirable in the normal
conduct of its business, except, in each case, as otherwise permitted by Section 7.4 or except to
the extent that failure to do so would not reasonably be expected to have a Material Adverse
Effect; and (b) comply with all Requirements of Law except to the extent that failure to comply
therewith would not reasonably be expected to have a Material Adverse Effect.




          6.5 Maintenance of Property; Insurance. (a) Keep all Property useful and necessary in
its business in reasonably good working order and condition, ordinary wear and tear excepted,
except where the failure to do so would not reasonably be expected to have a Material Adverse
Effect.




          (b) Take all reasonable and necessary steps, including, without limitation, in any proceeding
before the United States Patent and Trademark Office or the United States Copyright Office, to
maintain and pursue each application (and to obtain the relevant registration) and to maintain each
registration of the material United States Intellectual Property owned by the Borrower or its
Restricted Subsidiaries, including, without limitation, filing of applications for renewal,
affidavits of use and affidavits of incontestability, except where the failure to do so would not
reasonably be expected to have a Material Adverse Effect.




          (c) Maintain insurance with financially sound and reputable insurance companies on all its
material Property in at least such amounts and against at least such risks as are usually insured
against in the same general area by companies engaged in the same or a similar business. All such
insurance






71









 







shall, to the extent customary (but in any event, not including business interruption
insurance and personal injury insurance) (i) provide that no cancellation thereof shall be
effective until at least 10 days after receipt by the Administrative Agent of written notice
thereof and (ii) name the Administrative Agent as insured party or loss payee.




          (d) With respect to any Mortgaged Properties, if at any time the area in which the Premises
(as defined in the Mortgages, if any) are located is designated a “flood hazard area” in any Flood
Insurance Rate Map published by the Federal Emergency Management Agency (or any successor agency),
obtain flood insurance in such reasonable total amount as the Collateral Agent may from time to
time reasonably require, and otherwise to ensure compliance with the National Flood Insurance
Program as set forth in the Flood Disaster Protection Act of 1973, as it may be amended from time
to time.




          6.6 Inspection of Property; Books and Records; Discussions. (a) Keep proper books of
records and account in which full, true and correct entries in conformity with GAAP and all
Requirements of Law shall be made of all material financial dealings and transactions in relation
to its business and activities, (b) permit representatives of any Lender to visit and inspect any
of its properties and examine and make abstracts from any of its books and records upon reasonable
notice and at such reasonable times during normal business hours (provided that (i) such
visits shall be coordinated by the Administrative Agent, (ii) such visits shall be limited to no
more than one such visit per calendar year, and (iii) such visits by any Lender shall be at the
Lender’s expense, except in the case of clauses (ii) and (iii) during the continuance of an Event
of Default), (c) permit representatives of any Lender to have reasonable discussions regarding the
business, operations, properties and financial and other condition of the Borrower and its
Restricted Subsidiaries with officers and employees of the Borrower and its Restricted Subsidiaries
(provided that (i) a Responsible Officer of the Borrower shall be afforded the opportunity
to be present during such discussions, (ii) such discussions shall be coordinated by the
Administrative Agent, and (iii) such discussions shall be limited to no more than once per calendar
quarter except during the continuance of an Event of Default) and (d) permit representatives of the
Administrative Agent to have reasonable discussions regarding the business, operations, properties
and financial and other condition of the Borrower and its Restricted Subsidiaries with its
independent certified public accountants to the extent permitted by the internal policies of such
independent certified public accountants (provided that (i) a Responsible Officer of the
Borrower shall be afforded the opportunity to be present during such discussions and (ii) such
discussions shall be limited to no more than once per calendar year except during the continuance
of an Event of Default). Notwithstanding anything to the contrary in this Section 6.6, none of
Holdings, the Borrower or any of the Restricted Subsidiaries will be required to disclose, permit
the inspection, examination or making copies or abstracts of, or discussion of, any document,
information or other matter that (i) constitutes non-financial trade secrets or non-financial
proprietary information, (ii) in respect of which disclosure to the Administrative Agent or any
Lender (or their respective representatives or contractors) is prohibited by Law or any binding
agreement, (iii) is subject to attorney-client or similar privilege or constitutes attorney work
product or (iv) constitutes classified information.




          6.7 Notices. Promptly upon a Responsible Officer of the Borrower or any Subsidiary
Guarantor obtaining knowledge thereof, give notice to the Administrative Agent of:





     (a) the occurrence of any Default or Event of Default;




     (b) any litigation, investigation or proceeding which may exist at any time between the
Borrower or any of its Restricted Subsidiaries and any other Person, that in either case,
would reasonably be expected to have a Material Adverse Effect;



72









 






     (c) the following events, that would reasonably be expected to have a Material Adverse
Effect, as soon as possible and in any event within 30 days after the Borrower or any
Subsidiary Guarantor knows thereof: (i) the occurrence of any Reportable Event with respect
to any Single Employer Plan, a failure to make any required contribution to a Plan, the
creation of any Lien in favor of the PBGC or a Plan on the assets of Holdings, the Borrower
or any of its Restricted Subsidiaries or any withdrawal from, or the termination,
Reorganization or Insolvency of, any Multiemployer Plan, (ii) the institution of proceedings
or the taking of any other action by the PBGC or Holdings or any Commonly Controlled Entity
or any Multiemployer Plan with respect to the withdrawal from, or the termination,
Reorganization or Insolvency of, any Multiemployer Plan or (iii) the occurrence of any
similar events with respect to a Commonly Controlled Plan, that would reasonably be likely
to result in a direct obligation of the Borrower or any of its Restricted Subsidiaries to
pay money;




     (d) any development or event that has had or would reasonably be expected to have a
Material Adverse Effect; and




     (e) the acquisition of any Property after the Closing Date in which the Collateral
Agent does not already have a perfected security interest and in which a security interest
is required to be created or perfected pursuant to Section 6.8.


Each notice pursuant to this Section 6.7 shall be accompanied by a statement of a Responsible
Officer setting forth details of the occurrence referred to therein and stating what action the
Borrower or the relevant Restricted Subsidiary proposes to take with respect thereto.




          6.8 Additional Collateral, etc. (a) With respect to any Property (other than Excluded
Collateral) located in the United States having a value, individually or in the aggregate, of at
least $2,000,000 acquired after the Closing Date by any Loan Party (other than (w) any interests in
Real Property and any Property described in paragraph (c) or paragraph (d) of this Section 6.8,
(x) any Property subject to a Lien expressly permitted by Section 7.3(g) or 7.3(z),
(y) Instruments, Certificated Securities, Securities and Chattel Paper, which are referred to in
the last sentence of this paragraph (a) and (z) Government Contracts, deposit accounts and
securities accounts (the Loan Parties’ obligations with respect to which are contained in the
Guarantee and Collateral Agreement)) as to which the Collateral Agent for the benefit of the
Secured Parties does not have a perfected Lien, promptly (i) give notice of such Property to the
Collateral Agent and execute and deliver to the Collateral Agent such amendments to the Guarantee
and Collateral Agreement or such other documents as the Collateral Agent reasonably requests to
grant to the Collateral Agent for the benefit of the Secured Parties a security interest in such
Property and (ii) take all actions reasonably requested by the Collateral Agent to grant to the
Collateral Agent for the benefit of the Secured Parties a perfected security interest (to the
extent required by the Security Documents and with the priority required by Section 4.17) in such
Property (with respect to Property of a type owned by a Loan Party as of the Closing Date to the
extent the Collateral Agent for the benefit of the Secured Parties, has a perfected security
interest in such Property as of the Closing Date), including, without limitation, the filing of
Uniform Commercial Code financing statements in such jurisdictions as may be required by the
Guarantee and Collateral Agreement or by law or as may be reasonably requested by the Collateral
Agent. If any amount in excess of $5,000,000 payable under or in connection with any of the
Collateral shall be or become evidenced by any Instrument, Certificated Security, Security or
Chattel Paper (or, if more than $5,000,000 in the aggregate payable under or in connection with the
Collateral shall become evidenced by Instruments, Certificated Securities, Securities or Chattel
Paper), such Instrument, Certificated Security, Security or Chattel Paper shall be promptly
delivered to the Collateral Agent indorsed in a manner reasonably satisfactory to the Collateral
Agent to be held as Collateral pursuant to this Agreement.







73









 








          (b) With respect to any fee interest in any Material Real Property acquired after the Closing
Date by any Loan Party (other than Excluded Real Property), (i) give notice of such acquisition to
the Collateral Agent and, if requested by the Collateral Agent execute and deliver a first priority
Mortgage (subject to liens permitted by Section 7.3) in favor of the Collateral Agent for the
benefit of the Secured Parties, covering such Real Property (provided that no Mortgage nor survey
shall be obtained if the Administrative Agent determines in consultation with the Borrower that the
costs of obtaining such Mortgage or survey are excessive in relation to the value of the security
to be afforded thereby), (ii) if reasonably requested by the Collateral Agent (A) provide the
Lenders with a lenders’ title insurance policy with extended coverage covering such Real Property
in an amount at least equal to the purchase price of such Real Property (or such other amount as
shall be reasonably specified by the Collateral Agent) as well as a current ALTA survey thereof,
together with a surveyor’s certificate unless the title insurance policy referred to above shall
not contain an exception for any matter shown by a survey (except to the extent an existing survey
has been provided and specifically incorporated into such title insurance policy), each in form and
substance reasonably satisfactory to the Collateral Agent, (B) use commercially reasonable efforts
to obtain any consents or estoppels reasonably deemed necessary by the Collateral Agent, in
connection with such Mortgage, each of the foregoing in form and substance reasonably satisfactory
to the Collateral Agent and (C) provide to the Administrative Agent evidence of flood hazard
insurance if any portion of the improvements on the owned Property is currently or at any time in
the future identified by the Federal Emergency Management Agency as an area having special flood
hazards and in which flood insurance has been made available under the National Flood Insurance Act
of 1968 (and any amendment or successor act thereto) or otherwise being designated as a “special
flood hazard area or part of a 100 year flood zone”, in an amount equal to 100% of the full
replacement cost of the improvements; provided, however, that a portion of such flood hazard
insurance may be obtained under the National Flood Insurance Act of 1968, the Flood Disaster
Protection Act of 1973 or the National Flood Insurance Reform Act of 1994, as each may be amended
and (iii) if requested by the Collateral Agent deliver to the Collateral Agent legal opinions
relating to the matters described above, which opinions shall be in form and substance, and from
counsel, reasonably satisfactory to the Collateral Agent.




          (c) Except as otherwise contemplated by Section 7.7(p), with respect to any new Subsidiary
that is a Non-Excluded Subsidiary created or acquired after the Closing Date (which, for the
purposes of this paragraph, shall include any Subsidiary that was previously an Excluded Subsidiary
that becomes a Non-Excluded Subsidiary) by any Loan Party, promptly (i) give notice of such
acquisition or creation to the Collateral Agent and, if requested by the Collateral Agent, execute
and deliver to the Collateral Agent such amendments to the Guarantee and Collateral Agreement or
such other documents as the Collateral Agent reasonably deems necessary to grant to the Collateral
Agent for the benefit of the Secured Parties a perfected security interest (to the extent required
by the Security Documents and with the priority required by Section 4.17) in the Capital Stock of
such new Subsidiary that is owned by such Loan Party, (ii) deliver to the Collateral Agent the
certificates, if any, representing such Capital Stock, together with undated stock powers, in
blank, executed and delivered by a duly authorized officer of such Loan Party, and (iii) cause such
new Subsidiary (A) to become a party to the Guarantee and Collateral Agreement and (B) to take such
actions necessary or advisable to grant to the Collateral Agent for the benefit of the Secured
Parties a perfected security interest (to the extent required by the Security Documents and with
the priority required by Section 4.17) in the Collateral described in the Guarantee and Collateral
Agreement with respect to such new Subsidiary (to the extent the Collateral Agent, for the benefit
of the Secured Parties, has a perfected security interest in the same type of Collateral as of the
Closing Date), including, without limitation, the filing of Uniform Commercial Code financing
statements in such jurisdictions as may be required by the Guarantee and Collateral Agreement or by
law or as may be reasonably requested by the Collateral Agent. Without limiting the foregoing, if
(i) the aggregate Consolidated Total Assets or annual consolidated revenues of all Subsidiaries
designated as “Immaterial






74









 







Subsidiaries” hereunder shall at any time exceed 7.5% of Consolidated Total Assets or annual
consolidated revenues, respectively, of the Borrower and its Restricted Subsidiaries (as reflected
on the most recent financial statements delivered pursuant to Section 6.1 prior to such time) or
(ii) if any Subsidiary shall at any time cease to constitute an Immaterial Subsidiary under clause
(i) of the definition of “Immaterial Subsidiary” (as reflected on the most recent financial
statements delivered pursuant to Section 6.1 prior to such time), the Borrower shall promptly, (x)
in the case of clause (i) above, rescind the designation as “Immaterial Subsidiaries” of one or
more of such Subsidiaries so that, after giving effect thereto, the aggregate Consolidated Total
Assets or annual consolidated revenues, as applicable, of all Subsidiaries so designated (and which
designations have not been rescinded) shall not exceed 7.5% of Consolidated Total Assets or annual
consolidated revenues, respectively, of the Borrower and its Restricted Subsidiaries (as reflected
on the most recent financial statements delivered pursuant to Section 6.1 prior to such time), as
applicable, and (y) in the case of clauses (i) and (ii) above, to the extent not already effected,
(A) cause each affected Subsidiary to take such actions to become a “Subsidiary Guarantor”
hereunder and under the Guarantee and Collateral Agreement and execute and deliver the documents
and other instruments referred to in this paragraph (c) to the extent such affected Subsidiary is
not otherwise an Excluded Subsidiary and (B) cause the owner of the Capital Stock of such affected
Subsidiary to take such actions to pledge such Capital Stock to the extent required by, and
otherwise in accordance with, the Guarantee and Collateral Agreement and execute and deliver the
documents and other instruments required hereby and thereby unless such Capital Stock otherwise
constitutes Excluded Capital Stock.




          (d) Except as otherwise contemplated by Section 7.7(p), with respect to any new first tier
Foreign Subsidiary that is a Non-Excluded Subsidiary created or acquired after the Closing Date by
any Loan Party, promptly (i) give notice of such acquisition or creation to the Collateral Agent
and, if requested by the Collateral Agent, execute and deliver to the Collateral Agent such
amendments to the Guarantee and Collateral Agreement as the Collateral Agent deems necessary or
reasonably advisable in order to grant to the Collateral Agent, for the benefit of the Secured
Parties, a perfected security interest (to the extent required by the Security Documents and with
the priority required by Section 4.17) in the Capital Stock of such new Subsidiary (other than any
Excluded Capital Stock) that is owned by such Loan Party and (ii) deliver to the Collateral Agent
the certificates, if any, representing such Capital Stock (other than any Excluded Capital Stock),
together with undated stock powers, in blank, executed and delivered by a duly authorized officer
of such Loan Party, and take such other action as may be necessary or, in the reasonable opinion of
the Collateral Agent, desirable to perfect or ensure appropriate priority the Lien of the
Collateral Agent thereon.




          (e) Notwithstanding anything in this Section 6.8 to the contrary, neither the Borrower nor any
of its Restricted Subsidiaries shall be required to take any actions in order to perfect the
security interest in the Collateral granted to the Collateral Agent for the ratable benefit of the
Secured Parties under the laws of any jurisdiction outside the United States.




          (f) Notwithstanding the foregoing, to the extent any new Restricted Subsidiary is created
solely for the purpose of consummating a merger transaction pursuant to an acquisition permitted by
Section 7.7, and such new Subsidiary at no time holds any assets or liabilities other than any
merger consideration contributed to it contemporaneously with the closing of such merger
transaction, such new Subsidiary shall not be required to take the actions set forth in Section
6.8(c) or 6.8(d), as applicable, until the respective acquisition is consummated (at which time the
surviving entity of the respective merger transaction shall be required to so comply within ten
Business Days).




          (g) From time to time the Loan Parties shall execute and deliver, or cause to be executed and
delivered, such additional instruments, certificates or documents, and take all such actions, as
the






75









 







Collateral Agent may reasonably request for the purposes implementing or effectuating the
provisions of this Agreement and the other Loan Documents, or of renewing the rights of the Secured
Parties with respect to the Collateral as to which the Collateral Agent, for the ratable benefit of
the Secured Parties, has a perfected Lien pursuant hereto or thereto, including, without
limitation, filing any financing or continuation statements or financing change statements under
the Uniform Commercial Code (or other similar laws) in effect in any jurisdiction with respect to
the security interests created thereby. Notwithstanding the foregoing, the provisions of this
Section 6.8 shall not apply to assets as to which the Administrative Agent and the Borrower shall
reasonably determine that the costs and burdens of obtaining a security interest therein or
perfection thereof outweigh the value of the security afforded thereby.




          6.9 Use of Proceeds. The proceeds of the Tranche A Term Loans and Tranche B Term Loans
shall be used solely to effect the Merger Transactions, the Refinancing and to pay related fees and
expenses. The proceeds of the Tranche C Term Loans shall be used solely to effect the
Recapitalization Transactions (including payments in respect of stock options in connection with
the Recapitalization Transactions) and to pay related fees and expenses. The proceeds of the
Revolving Loans, the Swingline Loans and the Letters of Credit shall be used to finance a portion
of the Merger Transactions (including purchase price adjustments), to finance the Refinancing, to
finance Permitted Acquisitions and Investments permitted hereunder and for other general corporate
purposes of the Borrower and its Subsidiaries not prohibited by this Agreement.




          6.10 Post-Closing Undertakings. Within the time period specified on Schedule 6.10 (or such
later date to which the Administrative Agent consents), comply with the provisions set forth in
Schedule 6.10.




SECTION 7. NEGATIVE COVENANTS




          The Borrower (on behalf of itself and each of the Restricted Subsidiaries) hereby agrees that,
so long as the Commitments remain in effect, any Letter of Credit remains outstanding (that has not
been cash collateralized or backstopped, in each case on terms agreed to by the Borrower and the
applicable Issuing Lender) or any Loan or other amount is owing to any Lender or any Agent
hereunder (other than (i) contingent or indemnification obligations not then due and (ii)
obligations in respect of Specified Hedge Agreements or Cash Management Obligations), the Borrower
shall not, and shall not permit any of the Restricted Subsidiaries to:




          7.1 Financial Covenants. (a) Consolidated Total Leverage Ratio. Commencing with
the Test Period ending December 31, 2008, permit the Consolidated Total Leverage Ratio as at the
last day of any Test Period ending in any period set forth below to be in excess of the ratio set
forth below for such period:





76












 





	 	 	 
	Period	 	Consolidated Total Leverage Ratio
	December 31, 2008

	 	6.25:1.00
	March 31, 2009

	 	6.25:1.00
	June 30, 2009

	 	6.00:1.00
	September 30, 2009

	 	5.75:1.00
	December 31, 2009

	 	5.75:1.00
	March 31, 2010

	 	5.75:1.00
	June 30, 2010

	 	5.50:1.00
	September 30, 2010

	 	5.50:1.00
	December 31, 2010

	 	5.00:1.00
	March 31, 2011

	 	5.00:1.00
	June 30, 2011

	 	4.50:1.00
	September 30, 2011

	 	4.50:1.00
	December 31, 2011

	 	4.25:1.00
	March 31, 2012

	 	4.25:1.00
	June 30, 2012

	 	4.00:1.00
	September 30, 2012

	 	4.00:1.00
	December 31, 2012

	 	3.75:1.00
	and thereafter
	 	 






          (b) Consolidated Net Interest Coverage Ratio. Commencing with the Test Period ending
December 31, 2008, permit the Consolidated Net Interest Coverage Ratio as at the last day of any
Test Period ending in any period set forth below to be less than the ratio set forth below for such
period:




	 	 	 
	 	 	Consolidated Net
	Period	 	Interest Coverage Ratio
	December 31, 2008

	 	1.60:1.00
	March 31, 2009

	 	1.60:1.00
	June 30, 2009

	 	1.70:1.00
	September 30, 2009

	 	1.75:1.00
	December 31, 2009

	 	1.70:1.00
	March 31, 2010

	 	1.70:1.00
	June 30, 2010

	 	1.80:1.00
	September 30, 2010

	 	1.80:1.00
	December 31, 2010

	 	1.90:1.00
	March 31, 2011

	 	1.90:1.00
	June 30, 2011

	 	2.00:1.00
	September 30, 2011

	 	2.00:1.00
	December 31, 2011

	 	2.10:1.00
	March 31, 2012

	 	2.10:1.00
	June 30, 2012

	 	2.20:1.00
	September 30, 2012

	 	2.20:1.00
	December 31, 2012

	 	2.30:1.00
	and thereafter
	 	 






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          7.2 Indebtedness. Create, issue, incur, assume, or permit to exist any Indebtedness,
except:





     (a) Indebtedness of the Borrower and any Restricted Subsidiary pursuant to any Loan
Document or Hedge Agreement or in respect of any Cash Management Obligations;




     (b) Indebtedness (i) of the Borrower to any of its Restricted Subsidiaries or Holdings
or of any Subsidiary Guarantor to Holdings, the Borrower or any Restricted Subsidiary,
provided that any such Indebtedness owing to a Restricted Subsidiary that is not a
Subsidiary Guarantor is expressly subordinated in right of payment to the Obligations
pursuant to the Guarantee and Collateral Agreement or otherwise and (ii) of any
Non-Guarantor Subsidiary to any other Non-Guarantor Subsidiary;




     (c) Indebtedness (including, without limitation, Capital Lease Obligations) secured by
Liens permitted by Section 7.3(g) in an aggregate principal amount, when combined with the
aggregate principal amount of Indebtedness outstanding under clauses (t) and (u) of this
Section 7.2, not to exceed $75,000,000 at any one time outstanding;




     (d) (i) Indebtedness outstanding on the Closing Date and listed on Schedule 7.2(d) and
any Permitted Refinancing thereof and (ii) Indebtedness otherwise permitted under Section
7.10;




     (e) Guarantee Obligations (i) by the Borrower or any of its Restricted Subsidiaries of
obligations of the Borrower or any Subsidiary Guarantor not prohibited by this Agreement to
be incurred and (ii) by any Non-Guarantor Subsidiary of obligations of any other
Non-Guarantor Subsidiary;




     (f) Indebtedness of the Borrower or any of its Restricted Subsidiaries arising from the
honoring by a bank or other financial institution of a check, draft or similar instrument
inadvertently drawn by the Borrower or such Restricted Subsidiary in the ordinary course of
business against insufficient funds, so long as such Indebtedness is promptly repaid;




     (g) (A) Indebtedness of any joint venture or Non-Guarantor Subsidiary owing to any Loan
Party and (B) Guarantee Obligations of the Borrower or any Subsidiary Guarantor of
Indebtedness of any joint venture or Non-Guarantor Subsidiary, to the extent such
Indebtedness and Guarantee Obligations are permitted as Investments by Section 7.7(h), (k),
(m) or (v);




     (h) Indebtedness in the form of earn-outs, indemnification, incentive, non-compete,
consulting or other similar arrangements and other contingent obligations in respect of
acquisitions or Investments permitted by Section 7.7 (both before or after any liability
associated therewith becomes fixed);




     (i) (i) Indebtedness of the Borrower in respect of the Mezzanine Loan Agreement in an
aggregate principal amount not to exceed $550,000,000, plus any accrued pay-in-kind
interest, capitalized interest, accrued interest, fees, discounts, premiums and expenses, in
each case, in respect thereof, (ii) Guarantee Obligations of any Subsidiary Guarantor in
respect of such Indebtedness, interest, fees, discounts, premiums and expenses;
provided that, in each case, in the case of any guarantee of Indebtedness in respect
of the Mezzanine Loan Agreement by any Restricted Subsidiary that is not a Subsidiary
Guarantor, such Restricted Subsidiary becomes a Subsidiary Guarantor under this Agreement at
or prior to the time of such guarantee, and (iii) any Permitted Refinancing thereof;



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     (j) additional Indebtedness of the Borrower or any of its Restricted Subsidiaries in an
aggregate principal amount (for the Borrower and all Restricted Subsidiaries), not to exceed
$75,000,000 at any time outstanding;




     (k) Indebtedness of Non-Guarantor Subsidiaries in respect of local lines of credit,
letters of credit, bank guarantees, factoring arrangements, sale/leaseback transactions and
similar extensions of credit in the ordinary course of business, in an aggregate principal
amount, when combined with the aggregate principal amount of Indebtedness outstanding under
clause (s)(iii) of this Section 7.2, not to exceed $35,000,000 at any one time outstanding;




     (l) Indebtedness of the Borrower or any of its Restricted Subsidiaries in respect of
workers’ compensation claims, bank guarantees, warehouse receipts or similar facilities,
property casualty or liability insurance, take-or-pay obligations in supply arrangements,
self-insurance obligations, performance, bid, customs, government, appeal and surety bonds,
completion guaranties and other obligations of a similar nature, in each case in the
ordinary course of business;




     (m) Indebtedness incurred by the Borrower or any of its Restricted Subsidiaries arising
from agreements providing for indemnification related to sales of goods or adjustment of
purchase price or similar obligations in any case incurred in connection with the
acquisition or Disposition of any business, assets or Subsidiary;




     (n) Indebtedness supported by a Letter of Credit, in a principal amount not in excess
of the stated amount of such Letter of Credit;




     (o) Indebtedness issued in lieu of cash payments of Restricted Payments permitted by
Section 7.6; provided that such Indebtedness is subordinated to the Obligations on
terms reasonably satisfactory to the Administrative Agent;




     (p) Permitted Subordinated Indebtedness in an aggregate principal amount not to exceed
$50,000,000 at any one time outstanding and any guarantees incurred in respect thereof;




     (q) Indebtedness of the Borrower or any Subsidiary Guarantor as an account party in
respect of trade letters of credit issued in the ordinary course of business;




     (r) Indebtedness owing to any insurance company in connection with the financing of any
insurance premiums permitted by such insurance company in the ordinary course of business;




     (s) (i) Guarantee Obligations made in the ordinary course of business; provided
that such Guarantees are not of Indebtedness for Borrowed Money, (ii) Guarantee Obligations
in respect of lease obligations of Booz & Company Inc. and its Affiliates and (iii)
Guarantee Obligations in respect of Indebtedness of joint ventures; provided that
the aggregate principal amount of any such Guarantee Obligations under this sub-clause
(iii), when combined with the aggregate principal amount of Indebtedness outstanding under
clause (k) of this Section 7.2, shall not exceed $35,000,000 at any time outstanding;




     (t) Indebtedness of any Person that becomes a Restricted Subsidiary or is merged into
the Borrower or a Restricted Subsidiary after the Closing Date as part of an acquisition,
merger or consolidation or amalgamation or other Investment not prohibited hereunder (a
“New Subsidiary”), which Indebtedness exists at the time of such acquisition, merger
or consolidation



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or amalgamation or other Investment, and any Permitted Refinancing thereof;
provided that (A) such Indebtedness exists at the time such Person becomes a
Restricted Subsidiary or is merged into the Borrower or a Restricted Subsidiary and is not
created in contemplation of or in connection with such Person becoming a Restricted
Subsidiary or with such merger (except to the extent such Indebtedness refinanced other
Indebtedness to facilitate such Person becoming a Restricted Subsidiary), (B) the aggregate
principal amount of Indebtedness permitted by this clause (t) and Sections 7.2(c) and 7.2(u)
shall not at any one time outstanding exceed $75,000,000 and (C) neither the Borrower nor
any Restricted Subsidiary (other than the applicable New Subsidiary) shall provide security
therefor;




     (u) Indebtedness incurred to finance any acquisition or other Investment permitted
under Section 7.7 in an aggregate amount for all such Indebtedness together with the
aggregate principal amount of Indebtedness permitted by Sections 7.2(c) and 7.2(t) not to
exceed $75,000,000 at any one time outstanding;




     (v) other unsecured Indebtedness so long as, at the time of incurrence thereof, (i)
after giving effect to the incurrence of such unsecured Indebtedness (as if such unsecured
Indebtedness had been incurred on the first day of the most recently completed period of
four consecutive fiscal quarters of the Borrower ending on or prior to such date), the
Consolidated Total Leverage Ratio would be less than or equal to 4.25 to 1.00, (ii) no
Default or Event of Default shall have occurred and be continuing at the time of incurrence
of such unsecured Indebtedness or would result therefrom; and (iii) the terms of such
unsecured Indebtedness do not provide for any scheduled repayment, mandatory redemption or
sinking fund obligation prior to the date at least 180 days following the Term Maturity Date
(or such later date that is the latest final maturity date of any incremental extension of
credit hereunder);




     (w) (i) Indebtedness representing deferred compensation or stock-based compensation to
employees of the Borrower or any Restricted Subsidiary incurred in the ordinary course of
business and (ii) Indebtedness consisting of obligations of the Borrower or any Restricted
Subsidiary under deferred compensation or other similar arrangements incurred in connection
with the Merger Transactions and any Investment permitted hereunder;




     (x) Indebtedness issued by the Borrower or any Restricted Subsidiary to the officers,
directors and employees of Holdings, any Parent Company, the Borrower or any Restricted
Subsidiary, in lieu of or combined with cash payments to finance the purchase of Capital
Stock of Holdings, any Parent Company or the Borrower, in each case, to the extent such
purchase is permitted by Section 7.6(e);




     (y) Indebtedness in respect of overdraft facilities, employee credit card programs,
netting services, automatic clearinghouse arrangements and other cash management and similar
arrangements in the ordinary course of business;




     (z) (i) Indebtedness of the Borrower or any of its Restricted Subsidiaries undertaken
in connection with cash management and related activities with respect to any Subsidiary or
joint venture in the ordinary course of business and (ii) Indebtedness of the Borrower or
any Restricted Subsidiary to any joint venture (regardless of the form of legal entity) that
is not a Subsidiary arising in the ordinary course of business in connection with the cash
management operations (including in respect of intercompany self-insurance arrangements) of
the Borrower and its Restricted Subsidiaries;



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     (aa) all premium (if any), interest (including post-petition interest), fees, expenses,
charges, accretion or amortization of original issue discount, accretion of interest paid in
kind and additional or contingent interest on obligations described in clauses (a) through
(z) above.




     For purposes of determining compliance with this Section 7.2, in the event that an item
of Indebtedness meets the criteria of more than one of the categories of Indebtedness
described in clauses (c), (j), (k), (p), (s)(iii), (t), (u) or (v) above, the Borrower
shall, in its sole discretion, classify and reclassify or later divide, classify or
reclassify such item of Indebtedness (or any portion thereof) and may include the amount and
type of such Indebtedness in one or more of the above clauses; provided, that, for
the avoidance of doubt, Indebtedness reclassified under Section 7.2(v) must be unsecured.



          7.3 Liens. Create, incur, assume or suffer to exist any Lien upon any of its
Property, whether now owned or hereafter acquired, except for:





     (a) Liens for taxes not yet due or which are being contested in good faith by
appropriate proceedings; provided that adequate reserves with respect thereto are
maintained on the books of the Borrower or its Restricted Subsidiaries, as the case may be,
to the extent required by GAAP;




     (b) landlords’, carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or
other like Liens arising in the ordinary course of business which are not overdue for a
period of more than 60 days or that are being contested in good faith by appropriate
proceedings;




     (c) pledges, deposits or statutory trusts in connection with workers’ compensation,
unemployment insurance and other social security legislation;




     (d) deposits and other Liens to secure the performance of bids, government, trade and
other similar contracts (other than for borrowed money), leases, subleases, statutory
obligations, surety, judgment and appeal bonds, performance bonds and other obligations of a
like nature incurred in the ordinary course of business;




     (e) encumbrances shown as exceptions in the title insurance policies insuring the
Mortgages, easements, zoning restrictions, rights-of-way, restrictions and other similar
encumbrances incurred in the ordinary course of business that, in the aggregate, do not
materially detract from the value of the Property subject thereto or materially interfere
with the ordinary conduct of the business of the Borrower or any of its Restricted
Subsidiaries;




     (f) Liens (i) in existence on the Closing Date listed on Schedule 7.3(f) (or to the
extent not listed on such Schedule 7.3(f), where the fair market value of the Property to
which such Lien is attached is less than $5,000,000), (ii) securing Indebtedness permitted
by Section 7.2(d) and (iii) created after the Closing Date in connection with any
refinancing, refundings, or renewals or extensions thereof permitted by Section 7.2(d);
provided that no such Lien is spread to cover any additional Property of the
Borrower or any Restricted Subsidiary after the Closing Date and that the amount of
Indebtedness secured thereby is not increased;




     (g) (i) Liens securing Indebtedness of the Borrower or any Restricted Subsidiary
incurred pursuant to Sections 7.2(c), 7.2(g), 7.2(j), 7.2(k), 7.2(r), 7.2(s), 7.2(t), 7.2(u)
and 7.2(w); provided that (A) in the case of any such Liens securing Indebtedness
incurred pursuant to Section 7.2(u) to the extent incurred to finance Acquisitions or
Investments permitted under Section 7.7, (x) such Liens shall be created substantially
concurrently with, or within 90 days after, the



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acquisition of the assets financed by such Indebtedness and (y) such Liens do not at any time encumber any Property of the Borrower or
any Restricted Subsidiary other than the Property financed by such Indebtedness and the
proceeds thereof, (B) in the case of any such Liens securing Indebtedness pursuant to
Sections 7.2(g) or 7.2(k), such Liens do not at any time encumber any Property of the
Borrower or any Subsidiary Guarantor, (C) in the case of any such Liens securing
Indebtedness incurred pursuant to Section 7.2(s), such Liens do not encumber any Property
other than cash paid to any such insurance company in respect of such insurance and (D) in
the case of any such Liens securing Indebtedness pursuant to Section 7.2(t), such Liens
exist at the time that the relevant Person becomes a Restricted Subsidiary and are not
created in contemplation of or in connection with such Person becoming a Restricted
Subsidiary and (ii) any extension, refinancing, renewal or replacement of the Liens
described in clause (i) of this Section 7.2(g) in whole or in part; provided that
such extension, renewal or replacement shall be limited to all or a part of the property
which secured the Lien so extended, renewed or replaced (plus improvements on such property,
if any);




     (h) Liens created pursuant to the Security Documents;




     (i) Liens arising from judgments in circumstances not constituting an Event of Default
under Section 8.1(h);




     (j) Liens on Property or assets acquired pursuant to an acquisition permitted under
Section 7.7 (and the proceeds thereof) or assets of a Restricted Subsidiary in existence at
the time such Restricted Subsidiary is acquired pursuant to an acquisition permitted under
Section 7.7 and not created in contemplation thereof and Liens created after the Closing Date in
connection with any refinancing, refundings, or renewals or extensions of the obligations
secured thereby permitted hereunder, provided that no such Lien is spread to cover
any additional Property after the Closing Date and that the amount of Indebtedness secured
thereby is not increased;




     (k) (i) Liens on Property of Non-Guarantor Subsidiaries securing Indebtedness or other
obligations not prohibited by this Agreement to be incurred by such Non-Guarantor
Subsidiaries and (ii) Liens securing Indebtedness or other obligations of the Borrower or
any Subsidiary in favor of any Loan Party;




     (l) receipt of progress payments and advances from customers in the ordinary course of
business to the extent same creates a Lien on the related inventory and proceeds thereof;




     (m) Liens in favor of customs and revenue authorities arising as a matter of law to
secure the payment of customs duties in connection with the importation of goods;




     (n) Liens arising out of consignment or similar arrangements for the sale by the
Borrower and its Restricted Subsidiaries of goods through third parties in the ordinary
course of business;




     (o) Liens solely on any cash earnest money deposits made by the Borrower or any of its
Restricted Subsidiaries in connection with an Investment permitted by Section 7.7;




     (p) Liens deemed to exist in connection with Investments permitted by Section 7.7(b)
that constitute repurchase obligations;




     (q) Liens upon specific items of inventory or other goods and proceeds of the Borrower
or any of its Restricted Subsidiaries arising in the ordinary course of business securing
such



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Person’s obligations in respect of bankers’ acceptances and letters of credit issued or
created for the account of such Person to facilitate the purchase, shipment or storage of
such inventory or other goods;




     (r) Liens on cash deposits securing any Hedge Agreement permitted hereunder;




     (s) any interest or title of a lessor under any leases or subleases entered into by the
Borrower or any Restricted Subsidiary in the ordinary course of business and any financing
statement filed in connection with any such lease;




     (t) Liens on cash or cash equivalents used to defease or to satisfy and discharge
Indebtedness, provided that such defeasance or satisfaction and discharge is not
prohibited hereunder;




     (u) (i) Liens that are contractual rights of set-off (A) relating to the establishment
of depository relations with banks not given in connection with the issuance of
Indebtedness, (B) relating to pooled deposit or sweep accounts of the Borrower or any
Restricted Subsidiary to permit satisfaction of overdraft or similar obligations incurred in
the ordinary course of business of the Borrower and the Subsidiaries, (C) relating to
purchase orders and other agreements entered into with customers of the Borrower or any
Restricted Subsidiary in the ordinary course of business or (D) relating to the Mezzanine
Loan Documents and (ii) other Liens securing cash management obligations (that do not
constitute Indebtedness) in the ordinary course of business;




     (v) Liens arising solely by virtue of any statutory or common law provision relating to
banker’s liens, rights of set-off or similar rights;




     (w) Liens on Capital Stock in joint ventures securing obligations of such joint
venture;




     (x) Liens on securities that are the subject of repurchase agreements constituting Cash
Equivalents or Permitted Liquid Investments;




     (y) Liens securing obligations in respect of trade-related letters of credit permitted
under Section 7.2 and covering the goods (or the documents of title in respect of such
goods) financed by such letters of credit and the proceeds and products thereof;




     (z) other Liens with respect to obligations that do not exceed $35,000,000 at any one
time outstanding.



          7.4 Fundamental Changes. Consummate any merger, consolidation or amalgamation, or
liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution), or Dispose of all
or substantially all of its Property or business, except that:





     (a) (i) any Restricted Subsidiary may be merged, amalgamated or consolidated with or
into the Borrower (provided that the Borrower shall be the continuing or surviving
corporation) or (ii) any Restricted Subsidiary may be merged, amalgamated or consolidated
with or into any Subsidiary Guarantor (provided that (x) a Subsidiary Guarantor
shall be the continuing or surviving corporation or (y) simultaneously with such
transaction, the continuing or surviving corporation shall become a Subsidiary Guarantor and
the Borrower shall comply with Section 6.8 in connection therewith);



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     (b) any Non-Guarantor Subsidiary may be merged or consolidated with or into, or be
liquidated into, any other Non-Guarantor Subsidiary that is a Restricted Subsidiary;




     (c) any Restricted Subsidiary may Dispose of all or substantially all of its assets
upon voluntary liquidation or otherwise to the Borrower or any Subsidiary Guarantor;




     (d) any Non-Guarantor Subsidiary may Dispose of all or substantially all of its assets
(upon voluntary liquidation, dissolution, winding-up or otherwise) to any other
Non-Guarantor Subsidiary that is a Restricted Subsidiary;




     (e) Dispositions permitted by Section 7.5 and any merger, dissolution, liquidation,
consolidation, investment or Disposition, the purpose of which is to effect a Disposition
permitted by Section 7.5 may be consummated;




     (f) any Investment expressly permitted by Section 7.7 may be structured as a merger,
consolidation or amalgamation;




     (g) the transactions contemplated under the Transaction Documents; and




     (h) any Restricted Subsidiary may liquidate or dissolve if (i) the Borrower determines
in good faith that such liquidation or dissolution is in the best interest of the Borrower
and is not materially disadvantageous to the Lenders and (ii) to the extent such Restricted
Subsidiary is a Loan Party, any assets or business of such Restricted Subsidiary not
otherwise disposed of or transferred in accordance with Section 7.4 or 7.5 or, in the case
of any such business, discontinued, shall be transferred to, or otherwise owned or conducted
by, a Loan Party after giving effect to such liquidation or dissolution.



          7.5 Dispositions of Property. Dispose of any of its owned Property (including,
without limitation, receivables) whether now owned or hereafter acquired, or, in the case of any
Restricted Subsidiary, issue or sell any shares of such Restricted Subsidiary’s Capital Stock to
any Person, except:





     (a) (i) the Disposition of surplus, obsolete or worn out Property in the ordinary
course of business, (ii) the sale of defaulted receivables in the ordinary course of
business, (iii) abandonment, cancellation or disposition of any Intellectual Property in the
ordinary course of business and (iv) sales, leases or other dispositions of inventory
determined by the management of the Borrower to be no longer useful or necessary in the
operation of the Business;




     (b) (i) the sale of inventory or other property in the ordinary course of business,
(ii) the cross-licensing or licensing of Intellectual Property, in the ordinary course of
business and (iii) the contemporaneous exchange, in the ordinary course of business, of
Property for Property of a like kind, to the extent that the Property received in such
exchange is of a value equivalent to the value of the Property exchanged (provided
that after giving effect to such exchange, the value of the Property of the Borrower or any
Subsidiary Guarantor subject to Liens in favor of the Collateral Agent under the Security
Documents is not materially reduced);




     (c) Dispositions permitted by Section 7.4;




     (d) the sale or issuance of (i) any Subsidiary’s Capital Stock to the Borrower or any
Subsidiary Guarantor; provided that the sale or issuance of Capital Stock of an
Unrestricted Subsidiary to the Borrower or any Restricted Subsidiary is otherwise permitted
by Section 7.7,



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(ii) the Capital Stock of any Non-Guarantor Subsidiary that is a Restricted
Subsidiary to any other Non-Guarantor Subsidiary that is a Restricted Subsidiary and (iii)
the Capital Stock of any Subsidiary that is an Unrestricted Subsidiary to any other
Subsidiary that is an Unrestricted Subsidiary, in each case, including, without limitation,
in connection with any tax restructuring activities not otherwise prohibited hereunder;




     (e) the Disposition of other assets for fair market value not to exceed $200,000,000 in
the aggregate; provided that (i) at least 75% of the total consideration for any
such Disposition received by the Borrower and its Restricted Subsidiaries is in the form of
cash, Cash Equivalents or Permitted Liquid Investments and (ii) the requirements of Section
2.12(b), to the extent applicable, are complied with in connection therewith;




     (f) (i) any Recovery Event; provided that the requirements of Section 2.12(b)
are complied with in connection therewith and (ii) any event that would constitute a
Recovery Event but for the Dollar threshold set forth in the definition thereof;




     (g) the leasing, occupancy agreements or sub-leasing of Property pursuant to the Merger
Documents or that would not materially interfere with the required use of such Property by
the Borrower or its Restricted Subsidiaries;




     (h) the transfer for fair value of Property (including Capital Stock of Subsidiaries)
to another Person in connection with a joint venture arrangement with respect to the
transferred Property; provided that such transfer is permitted under Section 7.7(h)
or (v);




     (i) the sale or discount, in each case without recourse and in the ordinary course of
business, of overdue accounts receivable arising in the ordinary course of business, but
only in connection with the compromise or collection thereof consistent with customary
industry practice (and not as part of any bulk sale or financing of receivables);




     (j) transfers of condemned Property as a result of the exercise of “eminent domain” or
other similar policies to the respective Governmental Authority or agency that has condemned
the same (whether by deed in lieu of condemnation or otherwise), and transfers of properties
that have been subject to a casualty to the respective insurer of such Property as part of
an insurance settlement;




     (k) the Disposition of any Immaterial Subsidiary or any Unrestricted Subsidiary;




     (l) the transfer of Property (including Capital Stock of Subsidiaries) of the Borrower
or any Guarantor to any Restricted Subsidiary for fair market value;




     (m) the transfer of Property (i) by the Borrower or any Subsidiary Guarantor to the
Borrower or any other Subsidiary Guarantor or (ii) from a Non-Guarantor Subsidiary to
(A) the Borrower or any Subsidiary Guarantor for no more than fair market value or (B) any
other Non-Guarantor Subsidiary that is a Restricted Subsidiary;




     (n) the sale of cash, Cash Equivalents or Permitted Liquid Investments in the ordinary
course of business;



85









 






     (o) (i) Liens permitted by Section 7.3, (ii) Restricted Payments permitted by
Section 7.6, (iii) Investments permitted by Section 7.7, (iv) payments permitted by Section
7.8 and (v) sale and leaseback transactions permitted by Section 7.10;




     (p) Dispositions of Investments in joint ventures to the extent required by, or made
pursuant to customary buy/sell arrangements between the joint venture parties set forth in
joint venture arrangements and similar binding arrangements; provided that the
requirements of Section 2.12(b), to the extent applicable, are complied with in connection
therewith; and




     (q) Dispositions of Property between or among the Borrower and/or its Restricted
Subsidiaries as a substantially concurrent interim Disposition in connection with a
Disposition otherwise permitted pursuant to clauses (a) through (p) above.



          7.6 Restricted Payments. Declare or pay any dividend on, or make any payment on
account of, or set apart assets for a sinking or other analogous fund for, the purchase,
redemption, defeasance, retirement or other acquisition of, any Capital Stock of the Borrower or
any Subsidiary, whether now or hereafter outstanding, or make any other distribution in respect
thereof, either directly or indirectly, whether in cash or Property or in obligations of the
Borrower or any Restricted Subsidiary, or enter into any derivatives or other transaction with any
financial institution, commodities or stock exchange or clearinghouse (a “Derivatives
Counterparty”) obligating the Borrower or any Restricted Subsidiary to make payments to
such Derivatives Counterparty as a result of any change in market value of any such Capital
Stock (collectively, “Restricted Payments”), except that:





     (a) (i) any Restricted Subsidiary may make Restricted Payments to the Borrower or any
Subsidiary Guarantor and (ii) Non-Guarantor Subsidiaries may make Restricted Payments to
other Non-Guarantor Subsidiaries;




     (b) provided that (x) no Default or Event of Default is continuing or would
result therefrom and (y) the Consolidated Total Leverage Ratio for the most recently ended
period of four consecutive fiscal quarters of the Borrower shall not exceed 4.50 to 1.00 for
such period immediately before and immediately after giving effect to such Restricted
Payment, the Borrower may make Restricted Payments in an aggregate amount not to exceed the
Available Amount; provided no Restricted Payments under this clause (b) may be made
for the purpose of making a dividend or other distribution in respect of, or repurchasing or
redeeming, Capital Stock held by the Sponsor or any of its Affiliates (other than Holdings
or any Parent Company) in Holdings or any Parent Company; it being understood that such
Restricted Payments may be used for such purposes with respect to Capital Stock held by any
other Person in Holdings or any Parent Company;




     (c) the Borrower may make Restricted Payments to Holdings or any Parent Company to
permit Holdings or any Parent Company to pay (i) any taxes which are due and payable by
Holdings or any Parent Company, the Borrower and the Restricted Subsidiaries as part of a
consolidated group (or shareholders of Holdings, to the extent such taxes are attributable
to Holdings, the Borrower and the Restricted Subsidiaries), (ii) customary fees, salary,
bonus, severance and other benefits payable to, and indemnities provided on behalf of, their
current and former officers and employees and members of their Board of Directors, (iii)
ordinary course corporate operating expenses and other fees and expenses required to
maintain its corporate existence, (iv) fees and expenses to the extent permitted under
clause (i) of the second sentence of Section 7.9, (v) reasonable fees and expenses incurred
in connection with any debt or equity offering by Holdings or any Parent Company, to the
extent the proceeds thereof are (or, in the



86









 







case of an unsuccessful offering, were intended to be) used for the benefit of the Borrower and the Restricted Subsidiaries, whether or not
completed, (vi) reasonable fees and expenses in connection with compliance with reporting
obligations under, or in connection with compliance with, federal or state laws or under
this Agreement or any other Loan Document and the Mezzanine Agreement and any other
Mezzanine Loan Document and (vii) amounts due in respect of the Deferred Obligation Amount
under the Merger Agreement with the Net Cash Proceeds of any Equity Issuance by, or capital
contribution to, the Borrower;




     (d) the Borrower may make Restricted Payments in the form of Capital Stock of the
Borrower;




     (e) the Borrower or any Subsidiary may make Restricted Payments to, directly or
indirectly, purchase the Capital Stock of the Borrower, Holdings or any Parent Company from
present or former officers, directors, consultants, agents or employees (or their estates,
trusts, family members or former spouses) of Holdings, the Borrower, any Parent Company or
any Subsidiary upon the death, disability, retirement or termination of the applicable
officer, director, consultant, agent or employee or pursuant to any equity subscription
agreement, stock option or equity incentive award agreement, shareholders’ or members’
agreement or similar agreement, plan or arrangement; provided that the aggregate
amount of payments under this clause (e) in any fiscal year of the Borrower shall not exceed
the sum of (i) $20,000,000 in any fiscal year (but not
exceeding $50,000,000 in the aggregate since the Closing Date), plus (ii) any
proceeds received from key man life insurance policies, plus (iii) any proceeds
received by the Borrower, Holdings or any Parent Company during such fiscal year from sales
of the Capital Stock of Holdings, the Borrower or any Parent Company to directors,
consultants, officers or employees of Holdings, such Parent Company, the Borrower or any
Subsidiary in connection with permitted employee compensation and incentive arrangements,
plus (iv) the amount of any bona fide cash bonuses otherwise payable to members of
management, directors or consultants of Holdings, any Parent Company, the Borrower or its
Restricted Subsidiaries in connection with the Transactions that are foregone in return for
the receipt of Capital Stock the fair market value of which is equal to or less than the
amount of such cash bonuses; provided that any Restricted Payments permitted (but
not made) pursuant to sub-clause (ii), (iii) or (iv) of this clause (e) in any prior fiscal
year may be carried forward to any subsequent calendar year, and provided,
further, that cancellation of Indebtedness owing to the Borrower or any Restricted
Subsidiary by any member of management of Holdings, any Parent Company, the Borrower or its
Restricted Subsidiaries in connection with a repurchase of the Capital Stock of Holdings or
any Parent Company will not be deemed to constitute a Restricted Payment for purposes of
this Section 7.6;




     (f) noncash repurchases of Capital Stock deemed to occur upon exercise of stock options
or similar equity incentive awards if such Capital Stock represents a portion of the
exercise price of such options or similar equity incentive awards;




     (g) the Borrower and its Restricted Subsidiaries may make Restricted Payments to
consummate the Transactions (including any Restricted Payments contemplated by the Merger
Agreement);




     (h) the Borrower may make Restricted Payments to allow Holdings or any Parent Company
to make payments in cash, in lieu of the issuance of fractional shares, upon the exercise of
warrants or upon the conversion or exchange of Capital Stock of any such Person;



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     (i) so long as no Event of Default under Section 8.1(a) or 8.1(f) has occurred and is
continuing, the Borrower and its Restricted Subsidiaries may make Restricted Payments to
make payments provided for in the Management Agreement;




     (j) to the extent constituting Restricted Payments, the Borrower and its Restricted
Subsidiaries may enter into and consummate transactions expressly permitted by any provision
of Sections 7.4, 7.5, 7.7 and 7.9;




     (k) any non-wholly owned Restricted Subsidiary of the Borrower may declare and pay cash
dividends to its equity holders generally so long as the Borrower or its respective
Subsidiary which owns the equity interests in the Restricted Subsidiary paying such dividend
receives at least its proportional share thereof (based upon its relative holding of the
equity interests in the Restricted Subsidiary paying such dividends and taking into account
the relative preferences, if any, of the various classes of equity interest of such
Restricted Subsidiary);




     (l) the Borrower may make Restricted Payments using any amounts placed in escrow in
connection with the Transactions;




     (m) provided that (i) no Default or Event of Default is continuing or would
result therefrom and (ii) the Consolidated Total Leverage Ratio for the most recently ended
period of four consecutive fiscal quarters of the Borrower shall not exceed 2.00 to 1.00 for
such period immediately before and immediately after giving effect to such Restricted Payment, at
any time following the sixth anniversary of the Closing Date, the Borrower and its
Restricted Subsidiaries may make Restricted Payments to redeem or purchase the Capital Stock
of the Borrower, Holdings or any Parent Company in an amount not to exceed 10% of the
Borrower’s Consolidated EBITDA in any fiscal year; provided no Restricted Payments
under this clause (m) may be made for the purpose of making a dividend or other distribution
in respect of, or repurchasing or redeeming, Capital Stock held by the Sponsor or any of its
Affiliates (other than Holdings or any Parent Company) in Holdings or any Parent Company; it
being understood that such Restricted Payments may be used for such purposes with respect to
Capital Stock held by any other Person in Holdings or any Parent Company;




     (n) provided that no Default or Event of Default is continuing or would result
therefrom, after a Holdings IPO, the Borrower may make Restricted Payments to Holdings or
any Parent Company so that Holdings or any Parent Company may make Restricted Payments to
its equity holders in an aggregate amount not exceeding 6.0% per annum of the Net Cash
Proceeds received by the Borrower from such Holdings IPO; provided that the
Available Amount shall be reduced by a corresponding amount of any such Restricted Payments;




     (o) provided that no Default or Event of Default is continuing or would result
therefrom, other Restricted Payments in an amount not to exceed $30,000,000;
provided that no Restricted Payments under this clause (o) may be made for the
purpose of making a dividend or other distribution in respect of, or repurchasing or
redeeming, Capital Stock held by the Sponsor or any of its Affiliates (other than Holdings
or any Parent Company) in Holdings or any Parent Company; it being understood that such
Restricted Payments may be used for such purposes with respect to Capital Stock held by any
other Person in Holdings or any Parent Company; and




     (p) the Borrower may make Restricted Payments in connection with the Recapitalization
Transactions (including but not limited to Restricted Payments from time to time to, or to
permit Holdings or any Parent Company to make payments to, holders of outstanding stock
options in



88









 







respect of adjustments to the outstanding stock options in connection with the
Recapitalization Transactions) in an amount not to exceed $650,000,000.



          7.7 Investments. Make any advance, loan, extension of credit (by way of guaranty or
otherwise) or capital contribution to, or purchase any Capital Stock, bonds, notes, debentures or
other debt securities of, or all or substantially all of the assets constituting an ongoing
business from, or make any other similar investment in, any other Person (all of the foregoing,
“Investments”), except:





     (a) (i) extensions of trade credit in the ordinary course of business and (ii)
purchases and acquisitions of inventory, supplies, materials and equipment or purchases of
contract rights or licenses or leases of Intellectual Property in each case in the ordinary
course of business, to the extent such purchases and acquisitions constitute Investments;




     (b) Investments in Cash Equivalents and Investments that were Cash Equivalents when
made;




     (c) Investments arising in connection with (i) the incurrence of Indebtedness permitted
by Sections 7.2 to the extent arising as a result of Indebtedness among Holdings, the
Borrower or any Restricted Subsidiary and Guarantee Obligations permitted by Section 7.2 and
payments made in respect of such Guarantee Obligations, (ii) the forgiveness or conversion to
equity of any Indebtedness permitted by Section 7.2 and (iii) Guarantees by any Borrower or
any Restricted Subsidiary of operating leases (other than Capital Lease Obligations) or of
other obligations that do not constitute Indebtedness, in each case entered into in the
ordinary course of business;




     (d) loans and advances to employees, consultants or directors of Holdings, the Borrower
or any of its Restricted Subsidiaries in the ordinary course of business in an aggregate
amount (for Holdings, the Borrower and all Restricted Subsidiaries) not to exceed $5,000,000
(excluding (for purposes of such cap) tuition advances, travel and entertainment expenses,
but including relocation expenses) at any one time outstanding;




     (e) Investments (other than those relating to the incurrence of Indebtedness permitted
by Section 7.7(c)) by the Borrower or any of its Restricted Subsidiaries in the Borrower or
any Person that, prior to such Investment, is a Subsidiary Guarantor or is a Domestic
Subsidiary that becomes a Subsidiary Guarantor at the time of such Investment;




     (f) (i) Permitted Acquisitions to the extent that any Person or Property acquired in
such acquisition becomes a Subsidiary Guarantor or a part of the Borrower or any Subsidiary
Guarantor or becomes (whether or not such Person is a wholly owned Subsidiary) a Subsidiary
Guarantor in the manner contemplated by Section 6.8(c) and (ii) other Permitted Acquisitions
in an aggregate purchase price in the case of this clause (ii) (other than purchase price
paid through the issuance of equity by Holdings or any Parent Company with the proceeds
thereof, including (A) (x) whether or not any equity is issued, capital contributions (other
than relating to Disqualified Capital Stock) and (y) equity issued to the seller) in an
aggregate amount not to exceed $75,000,000 plus (B) an amount equal to the Available
Amount; provided that after giving effect to any such Permitted Acquisition the
Borrower shall be in pro forma compliance with the financial covenants set
forth in Section 7.1;




     (g) loans by the Borrower or any of its Restricted Subsidiaries to the employees,
officers or directors of Holdings, the Borrower or any of its Restricted Subsidiaries in
connection with management incentive plans; provided that such loans represent
cashless transactions pursuant to



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which such employees, officers or directors directly
invest the proceeds of such loans in the Capital Stock of Holdings;




     (h) Investments by the Borrower and its Restricted Subsidiaries in joint ventures or
similar arrangements and Non-Guarantor Subsidiaries in an aggregate amount at any one time
outstanding (for the Borrower and all Restricted Subsidiaries), not to exceed the sum of
(A) $50,000,000 plus (B) an amount equal to the Available Amount; provided,
that any Investment made for the purpose of funding a Permitted Acquisition permitted under
Section 7.7(f) shall not be deemed a separate Investment for the purposes of this clause
(h); provided, further, that no Investment may be made pursuant to this
clause (h) in any Unrestricted Subsidiary for the purpose of making a Restricted Payment
prohibited pursuant to Section 7.6;




     (i) Investments (including debt obligations) received in the ordinary course of
business by the Borrower or any Restricted Subsidiary in connection with the bankruptcy or
reorganization of suppliers, customers and other Persons and in settlement of delinquent
obligations of, and other disputes with, suppliers, customers and other Persons arising out
of the ordinary course of business;




     (j) Investments by any Non-Guarantor Subsidiary in any other Non-Guarantor Subsidiary;




     (k) Investments in existence on, or pursuant to legally binding written commitments in
existence on, the Closing Date and listed on Schedule 7.7 and, in each case, any extensions
or renewals thereof, so long as the amount of any Investment made pursuant to this clause
(k) is not increased at any time above the amount of such Investment set forth on Schedule
7.7;




     (l) Investments of the Borrower or any Restricted Subsidiary under Hedge Agreements
permitted hereunder;




     (m) Investments of any Person in existence at the time such Person becomes a Restricted
Subsidiary; provided that such Investment was not made in connection with or in
anticipation of such Person becoming a Restricted Subsidiary;




     (n) Investments arising as a result of payments permitted by Section 7.8(a);




     (o) consummation of the Merger Transactions pursuant to the Merger Documents and the
Company Reorganization;




     (p) Subsidiaries of the Borrower may be established or created, if (i) to the extent
such new Subsidiary is a Domestic Subsidiary, the Borrower and such Subsidiary comply with
the provisions of Section 6.8(c) and (ii) to the extent such new Subsidiary is a Foreign
Subsidiary, the Borrower complies with the provisions of Section 6.8(d); provided
that, in each case, to the extent such new Subsidiary is created solely for the purpose of
consummating a merger transaction pursuant to an acquisition permitted by this Section 7.7,
and such new Subsidiary at no time holds any assets or liabilities other than any merger
consideration contributed to it contemporaneously with the closing of such merger
transactions, such new Subsidiary shall not be required to take the actions set forth in
Section 6.8(c) or 6.8(d), as applicable, until the respective acquisition is consummated (at
which time the surviving entity of the respective merger transaction shall be required to so
comply within ten Business Days or such longer period as the Administrative Agent shall
agree);



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     (q) Investments arising directly out of the receipt by the Borrower or any Restricted
Subsidiary of non-cash consideration for any sale of assets permitted under Section 7.5;
provided that such non-cash consideration shall in no event exceed 25% of the total
consideration received for such sale;




     (r) Investments resulting from pledges and deposits referred to in Sections 7.3(c)
and (d);




     (s) Investments consisting of the licensing or contribution of Intellectual Property
pursuant to joint marketing arrangements with other persons;




     (t) any Investment in a Foreign Subsidiary to the extent such Investment is
substantially contemporaneously repaid in full with a dividend or other distribution from
such Foreign Subsidiary;




     (u) Investments in the ordinary course of business consisting of UCC Article 3
endorsements for collection or deposit and UCC Article 4 customary trade arrangements with
customers consistent with past practices;




     (v) additional Investments so long as the aggregate amount thereof outstanding at no
time exceeds the sum of (i) $25,000,000 plus (ii) an amount equal to the Available
Amount; provided that no Investment may be made pursuant to this clause (v) in any
Unrestricted Subsidiary for the purpose of making a Restricted Payment prohibited pursuant
to Section 7.6;




     (w) advances of payroll payments to employees, or fee payments to directors or
consultants, in the ordinary course of business;




     (x) Investments in Permitted Liquid Investments and Investments that were Permitted
Liquid Investments when made in an amount not to exceed $40,000,000 at any one time
outstanding; and




     (y) Investments constituting loans or advances by the Borrower to Holdings or a Parent
Company in lieu of Restricted Payments permitted pursuant to Section 7.6.


It is further understood and agreed that for purposes of determining the value of any Investment
outstanding for purposes of this Section 7.7, such amount shall deemed to be the amount of such
Investment when made, purchased or acquired less any returns on such Investment (not to exceed the
original amount invested). Notwithstanding the foregoing, no Investment in an Unrestricted
Subsidiary is permitted under this Section 7.7 unless such Investment is permitted pursuant to
clause (h) or (v) above.




          7.8 Optional Payments and Modifications of Certain Debt Instruments. (a) Make any
optional or voluntary payment, prepayment, repurchase or redemption of, or otherwise voluntarily or
optionally defease (i) any Mezzanine Facility Indebtedness then outstanding or (ii) the principal
of or interest on, or any other amount owing in respect of any Permitted Subordinated Indebtedness;
provided that (A) the Borrower or any Restricted Subsidiary may prepay any Mezzanine
Facility Indebtedness (or any Permitted Refinancing thereof) with amounts constituting the
Available Amount at any time if the Consolidated Total Leverage Ratio is equal to or less than 4.50
to 1.00 as of the end of the most recently ended Reference Period, (B) the Borrower or any
Restricted Subsidiary may prepay any Permitted Subordinated Indebtedness (or any Permitted
Refinancing thereof) with amounts constituting the Available Amount at any time if the Consolidated
Total Leverage Ratio is equal to or less than 4.50 to 1.00 as of the end of the most recently ended
Reference Period, (C) the Borrower or any Restricted



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Subsidiary may refinance, replace or extend any Mezzanine Facility Indebtedness or Permitted Subordinated Indebtedness to the extent permitted
by Section 7.2 and (D) the Borrower or any Restricted Subsidiary may convert any Mezzanine Facility
Indebtedness or any Permitted Subordinated Indebtedness (or any Permitted Refinancing thereof) to
the Capital Stock of Holdings or any Parent Company, (E) the Borrower may prepay the Mezzanine
Facility Indebtedness (or any Permitted Refinancing thereof) in an aggregate principal amount not
to exceed $75,000,000 at any time if the Consolidated Total Leverage Ratio is equal to or less than
4.00 to 1.00 as of the end of the most recently ended Reference Period and (F) the Borrower may
prepay the Mezzanine Facility Indebtedness (or any Permitted Refinancing thereof) with the Net Cash
Proceeds received from any Equity Issuance by, or capital contribution to, Holdings or the Borrower
(which in the case of any such Equity Issuance by the Borrower, is not Disqualified Capital Stock)
which, in the case of any such Equity Issuance by, or capital contribution to, Holdings, have been
contributed in cash as common equity to the Borrower, in each case to the extent it is not a
Specified Equity Contribution. Notwithstanding the foregoing, nothing in this Section 7.8 shall
prohibit any AHYDO Payments in respect of the Mezzanine Facility Indebtedness or any Permitted
Subordinated Indebtedness or, in each case, any Permitted Refinancing thereof.




          (b) Amend, modify or otherwise change, or consent or agree to any amendment, modification,
waiver or other change to, any of the terms of any Permitted Subordinated Indebtedness or Mezzanine
Loan Document, in any manner that is materially adverse to the Lenders without the prior consent of
the Administrative Agent (with the approval of the Required Lenders); provided that nothing
in this Section 7.8(b) shall prohibit the refinancing, replacement, extension or other similar
modification of the Permitted Subordinated Indebtedness or the Mezzanine Facility Indebtedness to
the extent otherwise permitted by Section 7.2.




          7.9 Transactions with Affiliates. Enter into any transaction, including, without
limitation, any purchase, sale, lease or exchange of Property, the rendering of any service or the
payment of any management, advisory or similar fees, with any Affiliate (other than Holdings, the
Borrower or any Restricted Subsidiary) unless such transaction is (a) otherwise not prohibited
under this Agreement and (b) upon fair and reasonable terms no less favorable to the Borrower or
such Restricted Subsidiary, as the case may be, than it would obtain in a comparable arm’s length
transaction with a Person that is not an Affiliate. Notwithstanding the foregoing, the Borrower
and its Restricted Subsidiaries may (i) pay to the Sponsor and its Affiliates fees, indemnities and
expenses pursuant to the Management Agreement and/or fees and expenses in connection with the
Merger and disclosed to the Administrative Agent prior to the Closing Date; (ii) enter into any
transaction with an Affiliate that is not prohibited by the terms of this Agreement to be entered
into by the Borrower or such Restricted Subsidiary with an Affiliate; (iii) make any Restricted
Payments contemplated by the Merger Agreement, and otherwise perform their obligations under the
Transaction Documents and (iv) without being subject to the terms of this Section 7.9, enter into
any transaction with any Person which is an Affiliate of Holdings only by reason of such Person and
Holdings having common directors. For the avoidance of doubt, this Section 7.9 shall not apply to
employment, bonus, retention and severance arrangements with, and payments of compensation or
benefits to or for the benefit of, current or former employees, consultants, officers or directors
of the Borrower or any of its Restricted Subsidiaries in the ordinary course of business. For
purposes of this Section 7.9, any transaction with any Affiliate shall be deemed to have satisfied
the standard set forth in clause (b) of the first sentence hereof if such transaction is approved
by a majority of the Disinterested Directors of the board of directors of the Borrower or such
Restricted Subsidiary, as applicable. “Disinterested Director” shall mean, with respect to
any Person and transaction, a member of the Board of Directors of such Person who does not have any
material direct or indirect financial interest in or with respect to such transaction.



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          7.10 Sales and Leasebacks. Enter into any arrangement with any Person providing for
the leasing by the Borrower or any Restricted Subsidiary of real or personal Property which is to
be sold or transferred by the Borrower or such Restricted Subsidiary (a) to such Person or (b) to
any other Person to whom funds have been or are to be advanced by such Person on the security of
such Property or rental obligations of the Borrower or such Restricted Subsidiary, except for (i)
any such arrangement entered into in the ordinary course of business of the Borrower and its
Subsidiaries, (ii) sales or transfers by the Borrower or any Subsidiary Guarantor to the Borrower
or any other Subsidiary Guarantor, (iii) sales or transfers by any Non Guarantor Subsidiary to any
other Non Guarantor Subsidiary that is a Restricted Subsidiary and (iv) any such arrangement to the
extent that the fair market value of such Property does not exceed $35,000,000 in the aggregate for
all such arrangements.




          7.11 Changes in Fiscal Periods. Permit the fiscal year of the Borrower to end on a
day other than March 31.




          7.12 Negative Pledge Clauses. Enter into any agreement that prohibits or limits the
ability of the Borrower or any of its Restricted Subsidiaries to create, incur, assume or suffer to
exist any Lien upon any of its Property, whether now owned or hereafter acquired, to secure the
Obligations or, in the case of any Subsidiary Guarantor, its obligations under the Guarantee and
Collateral Agreement, other than:





     (a) this Agreement and the other Loan Documents and the Mezzanine Loan Documents;




     (b) any agreements governing any purchase money Liens or Capital Lease Obligations
otherwise permitted hereby (in which case, any prohibition or limitation shall only be
effective against the assets financed thereby and the proceeds thereof);




     (c) software and other Intellectual Property licenses pursuant to which the Borrower or
such Restricted Subsidiary is the licensee of the relevant software or Intellectual
Property, as the case may be, (in which case, any prohibition or limitation shall relate
only to the assets subject of the applicable license);




     (d) Contractual Obligations incurred in the ordinary course of business and on
customary terms which limit Liens on the assets subject of the applicable Contractual
Obligation;




     (e) any agreements regarding Indebtedness or other obligations of any Non-Guarantor
Subsidiary not prohibited under Section 7.2 (in which case, any prohibition or limitation
shall only be effective against the assets of such Non-Guarantor Subsidiary and its
Subsidiaries);




     (f) prohibitions and limitations in effect on the Closing Date and listed on
Schedule 7.12;




     (g) customary provisions contained in joint venture agreements and other similar
agreements applicable to joint ventures entered into in the ordinary course of business;




     (h) customary provisions restricting the subletting or assignment of any lease
governing a leasehold interest;




     (i) customary restrictions and conditions contained in any agreement relating to any
Disposition of Property not prohibited hereunder;



93









 






     (j) any agreement in effect at the time any Person becomes a Subsidiary, so long as
such agreement was not entered into in contemplation of such Person becoming a Subsidiary;




     (k) restrictions imposed by applicable law;




     (l) restrictions imposed by any Permitted Subordinated Indebtedness (i) that are
consistent with the definition thereof or otherwise consistent with prevailing market
practice for similar types of Indebtedness at the time such restrictions are incurred or
(ii) to which the Administrative Agent has not objected after having been afforded a period
of at least five Business Days to review such restrictions;




     (m) restrictions in respect of Indebtedness secured by Liens permitted by Sections
7.3(g) and 7.3(z) relating solely to the assets or proceeds thereof secured by such
Indebtedness to the extent required to be so limited by such Sections; and




     (n) customary provisions restricting assignment of any agreement entered into in the
ordinary course of business.



          7.13 Clauses Restricting Subsidiary Distributions. Enter into any consensual
encumbrance or restriction on the ability of any Restricted Subsidiary to (a) make Restricted
Payments in respect of any Capital Stock of such Restricted Subsidiary held by, or pay any
Indebtedness owed to, the Borrower or any Restricted Subsidiary or (b) make Investments in the
Borrower or any Restricted Subsidiary, except for such encumbrances or restrictions existing under
or by reason of (i) any restrictions existing under the Loan Documents and the Mezzanine Loan
Documents, (ii) any restrictions with respect to such Restricted Subsidiary imposed pursuant to an
agreement that has been entered into in connection with the Disposition of all or substantially all
of the Capital Stock or assets of such Restricted Subsidiary, (iii) customary net worth provisions
contained in Real Property leases entered into by the Borrower and its Restricted Subsidiaries, so
long as the Borrower has determined in good faith that such net worth provisions would not
reasonably be expected to impair the ability of the Borrower and its Restricted Subsidiaries to
meet their ongoing obligations, (iv) any restrictions contained in agreements related to
Indebtedness of any Non-Guarantor Subsidiary not prohibited under Section 7.2 (in which case such
restriction shall relate only to such Indebtedness and/or such Non-Guarantor Subsidiary and its
Restricted Subsidiaries) or Indebtedness secured by Liens permitted by Sections 7.3(g) and 7.3(z),
(v) any restrictions regarding licenses or sublicenses by the Borrower and its Restricted
Subsidiaries of Intellectual Property in the ordinary course of business (in which case such
restriction shall relate only to such Intellectual Property), (vi) Contractual Obligations incurred
in the ordinary course of business which include customary provisions restricting the assignment of
any agreement relating thereto, (vii) customary provisions contained in joint venture agreements
and other similar agreements applicable to joint ventures entered into in the ordinary course of
business, (viii) customary provisions restricting the subletting or assignment of any lease
governing a leasehold interest, (ix) customary restrictions and conditions contained in any
agreement relating to any Disposition of Property not prohibited hereunder, (x) any agreement in
effect at the time any Person becomes a Restricted Subsidiary, so long as such agreement was not
entered into in contemplation of such Person becoming a Restricted Subsidiary and (xi) restrictions
on cash or other deposits imposed by customers under contracts entered into in the ordinary course
of business.




          7.14 Lines of Business. Enter into any business, either directly or through any of
its Restricted Subsidiaries, except for the Business or a business reasonably related thereto or
that are reasonable extensions thereof.




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          7.15 Limitation on Hedge Agreements. Enter into any Hedge Agreement other than Hedge
Agreements entered into in the ordinary course of business, and not for speculative purposes.




          7.16 Changes in Jurisdictions of Organization; Name. Other than pursuant to the
Transactions, in the case of any Loan Party, change its name or change its jurisdiction of
organization, in either case except upon prompt written notice to the Collateral Agent and delivery
to the Collateral Agent, of all additional executed financing statements, financing change
statements and other documents reasonably requested by the Collateral Agent to maintain the
validity, perfection and priority of the security interests provided for in the Security Documents.




          7.17 Limitation on Activities of Holdings. In the case of Holdings only,
notwithstanding anything to the contrary in this Agreement or any other Loan Document, Holdings
shall not, so long as the Commitments remain in effect, any Letter of Credit remains outstanding
(that has not been cash collateralized or backstopped, in each case on terms agreed to by the
Borrower and the applicable Issuing Lender) or any Loan or other amount is owing to any Lender or
any Agent hereunder (other than (i) contingent or indemnification obligations not then due and (ii)
obligations in respect of Specified Hedge Agreements and Cash Management Obligations): conduct,
transact or otherwise engage in, or commit to conduct, transact or otherwise engage in, any
business or operations other than (i) those incidental to its ownership of the Capital Stock of the
Borrower and the Subsidiaries of the Borrower and those incidental to Investments by or in Holdings
permitted hereunder, (ii) activities incidental to the maintenance of its existence and compliance
with applicable laws and legal, tax and accounting matters related thereto and activities relating
to its employees, (iii) activities relating to the performance of obligations under the Loan
Documents and the Mezzanine Loan Documents to which it is a party or expressly permitted
thereunder, (iv) the making of Restricted Payments to the extent of Restricted Payments permitted
to be made to Holdings pursuant to Section 7.6, (v) the receipt and payment of Restricted Payments
permitted under Section 7.6, (vi) those related to the Transactions and in connection with the
Merger Documents and other agreements contemplated thereby or hereby, (vii) to the extent that
Section 7 expressly permits the Borrower or a Restricted Subsidiary to enter into a transaction
with Holdings, (viii) activities in connection with or in preparation for an initial public
offering and (ix) activities incidental to the foregoing activities.




SECTION 8. EVENTS OF DEFAULT




          8.1 Events of Default. If any of the following events shall occur and be continuing:





     (a) The Borrower shall fail to pay (i) any principal of any Loan when due in accordance
with the terms hereof, (ii) any principal of any Reimbursement Obligation within three
Business Days after any such Reimbursement Obligation becomes due in accordance with the
terms hereof or (iii) any interest owed by it on any Loan or Reimbursement Obligation, or
any other amount payable by it hereunder or under any other Loan Document, within five
Business Days after any such interest or other amount becomes due in accordance with the
terms hereof; or




     (b) (i) On the Closing Date, any Specified Representation, and (ii) at any time after
the Closing Date, any representation or warranty made or deemed made by any Loan Party
herein or in any other Loan Document or that is contained in any certificate, document or
financial or other statement furnished by it at any time under or in connection with this
Agreement or any such other Loan Document, shall in either case prove to have been
inaccurate in any material respect and such inaccuracy is adverse to the Lenders on or as of
the date made or deemed made or furnished; or



95









 






     (c) Any Loan Party shall default in the observance or performance of any agreement
contained in Section 6.7(a) or Section 7; provided that, any Event of Default under
Section 7.1 is subject to cure as contemplated by Section 8.2; or




     (d) Any Loan Party shall default in the observance or performance of any other
agreement contained in this Agreement or any other Loan Document (other than as provided in
paragraphs (a) through (c) of this Section 8.1), and such default shall continue
unremedied for a period of 30 days after the earlier of the date that (x) such Loan Party
receives from the Administrative Agent or the Required Lenders notice of the existence of
such default or (y) a Responsible Officer of such Loan Party has knowledge thereof; or




     (e) Holdings, the Borrower or any of its Restricted Subsidiaries shall (i) default in
making any payment of any principal of any Indebtedness for Borrowed Money (excluding the
Loans and Reimbursement Obligations) on the scheduled or original due date with respect
thereto; or (ii) default in making any payment of any interest on any such Indebtedness for
Borrowed Money beyond the period of grace, if any, provided in the instrument or agreement
under which such Indebtedness for Borrowed Money was created; or (iii) default in the
observance or performance of any other agreement or condition relating to any such
Indebtedness for Borrowed Money or contained in any instrument or agreement evidencing,
securing or relating thereto, or any other event of default shall occur, the effect of which
payment or other default or other event of default is to cause, or to permit the holder or
beneficiary of such Indebtedness (or a trustee or agent on behalf of such holder or
beneficiary) to cause, with the giving of notice if required, such Indebtedness for Borrowed
Money to become due prior to its stated maturity or to become subject to a mandatory offer
to purchase by the obligor thereunder or to become payable; provided that (A) a
default, event or condition described in this paragraph shall not at any time constitute an
Event of Default unless, at such time, one or more defaults or events of default of the type
described in this paragraph shall have occurred and be continuing with respect to
Indebtedness for Borrowed Money the outstanding principal amount of which individually
exceeds $25,000,000, and in the case of Indebtedness for Borrowed Money of the types
described in clauses (i) and (ii) of the definition thereof, with respect to such
Indebtedness which exceeds such amount either individually or in the aggregate and (B) this
paragraph (e) shall not apply to (i) secured Indebtedness that becomes due as a result of
the sale, transfer, destruction or other disposition of the Property or assets securing such
Indebtedness for Borrowed Money if such sale, transfer, destruction or other disposition is
not prohibited hereunder and under the documents providing for such Indebtedness or (ii) any
Guarantee Obligations except to the extent such Guarantee Obligations shall become due and
payable by any Loan Party and remain unpaid after any applicable grace period or period
permitted following demand for the payment thereof; or




     (f) (i) Holdings, the Borrower or any of its Restricted Subsidiaries (other than any
Immaterial Subsidiary) shall commence any case, proceeding or other action (A) under any
existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy,
insolvency, reorganization or relief of debtors, seeking to have an order for relief entered
with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking
reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition
or other relief with respect to it or its debts, or (B) seeking appointment of a receiver,
trustee, custodian, conservator or other similar official for it or for all or any
substantial part of its assets, or Holdings, the Borrower or any of its Restricted
Subsidiaries (other than any Immaterial Subsidiary) shall make a general assignment for the
benefit of its creditors; or (ii) there shall be commenced against Holdings, the Borrower or
any of its Restricted Subsidiaries (other than any Immaterial Subsidiary) any case,
proceeding or other action of a nature referred to in clause (i) above that (A) results in
the entry of an order for



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relief or any such adjudication or appointment or (B) remains
undismissed, undischarged or unbonded for a period of 60 days; or (iii) there shall be
commenced against Holdings, the Borrower or any of its Restricted Subsidiaries (other than
any Immaterial Subsidiary) any case, proceeding or other action seeking issuance of a
warrant of attachment, execution, distraint or similar process against substantially all of
its assets that results in the entry of an order for any such relief that shall not have
been vacated, discharged, or stayed or bonded pending appeal
within 60 days from the entry thereof; or (iv) Holdings, the Borrower or any of its
Restricted Subsidiaries (other than any Immaterial Subsidiary) shall consent to or approve
of, or acquiescence in, any of the acts set forth in clause (i), (ii), or (iii) above; or
(v) Holdings, the Borrower or any of its Restricted Subsidiaries (other than any Immaterial
Subsidiary) shall generally not, or shall be unable to, or shall admit in writing its
inability to, pay its debts as they become due; or




     (g) (i) Holdings, the Borrower or any of its Restricted Subsidiaries shall incur any
liability in connection with any “prohibited transaction” (as defined in Section 406 of
ERISA or Section 4975 of the Code) involving any Plan, (ii) a failure to meet the minimum
funding standards (as defined in Section 302(a) of ERISA), whether or not waived, shall
exist with respect to any Single Employer Plan or any Lien in favor of the PBGC or a Plan
shall arise on the assets of Holdings, the Borrower or any of its Restricted Subsidiaries,
(iii) a Reportable Event shall occur with respect to, or proceedings shall commence to have
a trustee appointed, or a trustee shall be appointed, to administer or to terminate, any
Single Employer Plan, which Reportable Event or commencement of proceedings or appointment
of a trustee is reasonably likely to result in the termination of such Single Employer Plan
for purposes of Title IV of ERISA, (iv) any Single Employer Plan shall terminate in a
distress termination under Section 4041(c) of ERISA or in an involuntary termination by the
PBGC under Section 4042 of ERISA, (v) Holdings, the Borrower or any of its Restricted
Subsidiaries shall, or is reasonably likely to, incur any liability as a result of a
withdrawal from, or the Insolvency or Reorganization of, a Multiemployer Plan or (vi) any
other event or condition shall occur or exist with respect to a Plan or a Commonly
Controlled Plan; and in each case in clauses (i) through (vi) above, such event or
condition, together with all other such events or conditions, if any, could reasonably be
expected to result in a direct obligation of Holdings, the Borrower or any of its Restricted
Subsidiaries to pay money that could have a Material Adverse Effect; or




     (h) One or more judgments or decrees shall be entered against Holdings, the Borrower or
any of its Restricted Subsidiaries (other than any Immaterial Subsidiary) involving for
Holdings, the Borrower and any such Restricted Subsidiaries taken as a whole a liability
(not paid or fully covered by third-party insurance or effective indemnity) of $25,000,000
(net of any amounts which are covered by insurance or an effective indemnity) or more, and
all such judgments or decrees shall not have been vacated, discharged, stayed or bonded
pending appeal within 30 days from the entry thereof; or




     (i) (i) Any of the Security Documents shall cease, for any reason (other than by reason
of the express release thereof in accordance with the terms thereof) to be in full force and
effect or shall be asserted in writing by the Borrower or any Subsidiary Guarantor not to be
a legal, valid and binding obligation of any party thereto, (ii) any security interest
purported to be created by any Security Document and to extend to Collateral that is not
immaterial to the Borrower and its Restricted Subsidiaries on a consolidated basis shall
cease to be, or shall be asserted in writing by any Loan Party not to be, a valid and
perfected security interest (having the priority required by this Agreement or the relevant
Security Document) in the securities, assets or properties covered thereby, except to the
extent that (x) any such loss of perfection or priority results from



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limitations of foreign laws, rules and regulations as they apply to pledges of Capital Stock in Foreign
Subsidiaries or the application thereof, or from the failure of the Collateral Agent to
maintain possession of certificates actually delivered to it representing securities pledged
under the Guarantee and Collateral Agreement or to file UCC continuation statements, (y)
such loss is covered by a lender’s title insurance policy and the Administrative Agent shall
be reasonably satisfied with the credit of such insurer or (z) any such loss of validity,
perfection or priority is the result of any failure by the Collateral Agent to take any action necessary to secure
the validity, perfection or priority of the liens or (iii) the Guarantees pursuant to the
Security Documents by any Loan Party of any of the Obligations shall cease to be in full
force and effect (other than in accordance with the terms thereof), or shall be asserted in
writing by any Loan Party not to be in effect or not to be legal, valid and binding
obligations; or




     (j) (i) Holdings shall cease to own, directly or indirectly, 100% of the Capital Stock
of the Borrower; or (ii) at any time before Holdings’ or any Parent Company’s Capital Stock
is traded on a nationally-recognized stock exchange, the Permitted Investors shall cease to
own, directly or indirectly, at least 51% of the Capital Stock of Holdings; or (iii) at any
time after Holdings’ or any Parent Company’s Capital Stock is traded on a
nationally-recognized stock exchange and for any reason whatsoever, (x) a majority of the
Board of Directors of Holdings shall not be Continuing Directors or (y) the Permitted
Investors shall cease to own, directly or indirectly, at least 35% of the Capital Stock of
Holdings and any other “person” or “group” (within the meaning of Rule 13d-5 of the
Securities Exchange Act of 1934 as in effect on the Closing Date) shall own a greater amount
(it being understood that if any such person or group includes one or more Permitted
Investors, the shares of Capital Stock of Holdings directly or indirectly owned by the
Permitted Investors that are part of such person or group shall not be treated as being
owned by such person or group for purposes of determining whether this clause (y) is
triggered) (any of the foregoing, a “Change of Control”);


then, and in any such event, (A) if such event is an Event of Default specified in clause (i) or
(ii) of paragraph (f) above with respect to the Borrower, automatically the Commitments shall
immediately terminate and the Loans hereunder (with accrued interest thereon) and all other amounts
owing under this Agreement and the other Loan Documents shall immediately become due and payable,
and (B) if such event is any other Event of Default, either or both of the following actions may be
taken: (i) with the consent of the Required Lenders, the Administrative Agent may, or upon the
request of the Required Lenders, the Administrative Agent shall, by notice to the Borrower declare
the Revolving Commitments to be terminated forthwith, whereupon the Revolving Commitments shall
immediately terminate; and (ii) with the consent of the Required Lenders, the Administrative Agent
may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the
Borrower, declare the Loans hereunder (with accrued interest thereon) and all other amounts owing
under this Agreement and the other Loan Documents to be due and payable forthwith, whereupon the
same shall immediately become due and payable. In the case of all Letters of Credit with respect
to which presentment for honor shall not have occurred at the time of an acceleration pursuant to
this paragraph, the Borrower shall at such time deposit in a cash collateral account opened by the
Administrative Agent an amount equal to the aggregate then undrawn and unexpired amount of such
Letters of Credit. Amounts held in such cash collateral account shall be applied by the
Administrative Agent to the payment of drafts drawn under such Letters of Credit, and the unused
portion thereof after all such Letters of Credit shall have expired or been backstopped or been
fully drawn upon, if any, shall be applied to repay other obligations of the Borrower hereunder and
under the other Loan Documents. After all such Letters of Credit shall have expired or been fully
drawn upon, all Reimbursement Obligations shall have been satisfied and all other obligations of
the Borrower then due and owing hereunder and under the other Loan Documents shall have been paid
in full, the balance, if any, in such cash collateral account shall be returned to the Borrower (or
such other Person as



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may be lawfully entitled thereto). Except as expressly provided above in this
Section 8.1 or otherwise in any Loan Document, presentment, demand and protest of any kind are
hereby expressly waived by Holdings and the Borrower.




          8.2 Specified Equity Contributions. For purposes of determining compliance with Section 7.1 only (and not any other provision
of this Agreement, including any such other provision that utilizes a calculation of Consolidated
EBITDA), any equity contribution (other than Disqualified Capital Stock) made by Holdings or any of
the other direct or indirect equityholders of the Borrower to the Borrower, on or after the Closing
Date and on or prior to the day that is 10 Business Days after the day on which financial
statements are required to be delivered for such fiscal quarter pursuant to Section 6.1 shall, at
the request of the Borrower, be deemed to increase, dollar for dollar, Consolidated EBITDA for such
fiscal quarter for the purposes of determining compliance with Section 7.1 at the end of such
fiscal quarter and applicable subsequent periods (it being understood that each such contribution
shall be effective as to such fiscal quarter for all periods in which such fiscal quarter is
included) (any such equity contribution so included in the calculation of Consolidated EBITDA, a
“Specified Equity Contribution”); provided that (a) in each four fiscal quarter
period there shall be a period of at least three fiscal quarters in which no Specified Equity
Contribution is made, (b) the amount of any Specified Equity Contribution shall be no greater than
the amount required to cause the Borrower to be in compliance with Section 7.1, (c) no more than
four Specified Equity Contributions may be made in the aggregate prior to the Tranche B Term Loan
Maturity Date, (d) Specified Equity Contributions shall not be included in cash, Cash Equivalents
and Permitted Liquid Investments for purposes of calculating Consolidated Total Leverage and (e)
all Specified Equity Contributions shall be disregarded for any purpose under this Agreement other
than determining compliance with Section 7.1.




          If, after the making of the Specified Equity Contribution and the recalculations of
Consolidated EBITDA pursuant to the preceding paragraph, the Borrower shall then be in compliance
with the requirements of Section 7.1, the Borrower shall be deemed to have satisfied the
requirements of such covenant as of the relevant date of determination with the same effect as
though there had been no failure to comply therewith at such date, and the applicable Event of
Default that had occurred shall be deemed cured.




SECTION 9. THE AGENTS




          9.1 Appointment. Each Lender hereby irrevocably designates and appoints each Agent as
the agent of such Lender under the Loan Documents and each such Lender irrevocably authorizes each
Agent, in such capacity, to take such action on its behalf under the provisions of the applicable
Loan Documents and to exercise such powers and perform such duties as are expressly delegated to
such Agent by the terms of the applicable Loan Documents, together with such other powers as are
reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere in this
Agreement, the Agents shall not have any duties or responsibilities, except those expressly set
forth herein, or any fiduciary relationship with any Lender, and no implied covenants, functions,
responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other
Loan Document or otherwise exist against the Agents.




          9.2 Delegation of Duties. Each Agent may execute any of its duties under the
applicable Loan Documents by or through any of its branches, agents or attorneys-in-fact and shall
be entitled to advice of counsel concerning all matters pertaining to such duties. Neither Agent
shall be responsible for the negligence or misconduct of any agents or attorneys in-fact selected
by it with reasonable care.



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          9.3 Exculpatory Provisions. Neither any Agent nor any of their respective officers, directors, employees, agents,
attorneys-in-fact or affiliates shall be (i) liable for any action lawfully taken or omitted to be
taken by it or such Person under or in connection with this Agreement or any other Loan Document
(except to the extent that any of the foregoing are found by a final and nonappealable decision of
a court of competent jurisdiction to have resulted from its or such Person’s own gross negligence
or willful misconduct) or (ii) responsible in any manner to any of the Lenders for any recitals,
statements, representations or warranties made by any Loan Party or any officer thereof contained
in this Agreement or any other Loan Document or in any certificate, report, statement or other
document referred to or provided for in, or received by the Agents under or in connection with,
this Agreement or any other Loan Document or for the value, validity, effectiveness, genuineness,
enforceability or sufficiency of this Agreement or any other Loan Document or for any failure of
any Loan Party a party thereto to perform its obligations hereunder or thereunder. The Agents
shall not be under any obligation to any Lender to ascertain or to inquire as to the observance or
performance of any of the agreements contained in, or conditions of, this Agreement or any other
Loan Document, or to inspect the properties, books or records of any Loan Party.




          9.4 Reliance by the Agents. The Agents shall be entitled to rely, and shall be fully
protected in relying, upon any instrument, writing, resolution, notice, consent, certificate,
affidavit, letter, telecopy, telex or teletype message, statement, order or other document or
conversation believed by it to be genuine and correct and to have been signed, sent or made by the
proper Person or Persons and upon advice and statements of legal counsel (including counsel to
Holdings), independent accountants and other experts selected by the Agents. The Agents may deem
and treat the payee of any Note as the owner thereof for all purposes unless a written notice of
assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent.
The Agents shall be fully justified in failing or refusing to take any action under the applicable
Loan Document unless it shall first receive such advice or concurrence of the Required Lenders (or,
if so specified by this Agreement, all Lenders or the Majority Facility Lenders in respect of any
Facility) as it deems appropriate or it shall first be indemnified to its satisfaction by the
Lenders against any and all liability and expense that may be incurred by it by reason of taking or
continuing to take any such action. The Agents shall in all cases be fully protected in acting, or
in refraining from acting, under the applicable Loan Documents in accordance with a request of the
Required Lenders (or, if so specified by this Agreement, all Lenders or the Majority Facility
Lenders in respect of any Facility), and such request and any action taken or failure to act
pursuant thereto shall be binding upon all the Lenders and all future holders of the Loans.




          9.5 Notice of Default. Neither Agent shall be deemed to have knowledge or notice of
the occurrence of any Default or Event of Default unless such Agent has received written notice
from a Lender, Holdings or the Borrower referring to this Agreement, describing such Default or
Event of Default and stating that such notice is a “notice of default”. In the event that an Agent
receives such a notice, such Agent shall give notice thereof to the Lenders. The Agents shall take
such action with respect to such Default or Event of Default as shall be reasonably directed by the
Required Lenders (or, if so specified by this Agreement, all Lenders or the Majority Facility
Lenders in respect of any Facility); provided that unless and until such Agent shall have
received such directions, such Agent may (but shall not be obligated to) take such action, or
refrain from taking such action, with respect to such Default or Event of Default as it shall deem
advisable in the best interests of the Lenders.




          9.6 Non-Reliance on Agents and Other Lenders. Each Lender expressly acknowledges that neither the Agents nor any of their respective
officers, directors, employees, agents, attorneys-in-fact or affiliates have made any
representations or warranties to it and that no act by any Agent hereafter taken, including any
review of the affairs of a Loan Party or any affiliate of a Loan Party, shall be deemed to
constitute any representation or warranty by any Agent to any Lender. Each Lender represents to the




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Agents that it has, independently and without reliance upon any Agent or any other Lender, and
based on such documents and information as it has deemed appropriate, made its own appraisal of and
investigation into the business, operations, Property, financial and other condition and
creditworthiness of the Loan Parties and their affiliates and made its own decision to make its
Loans hereunder and enter into this Agreement. Each Lender also represents that it will,
independently and without reliance upon any Agent 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 analysis,
appraisals and decisions in taking or not taking action under the applicable Loan Documents, and to
make such investigation as it deems necessary to inform itself as to the business, operations,
Property, financial and other condition and creditworthiness of the Loan Parties and their
affiliates. Except for notices, reports and other documents expressly required to be furnished to
the Lenders by the Agents hereunder, the Agents shall not have any duty or responsibility to
provide any Lender with any credit or other information concerning the business, operations,
Property, condition (financial or otherwise), prospects or creditworthiness of any Loan Party or
any affiliate of a Loan Party that may come into the possession of either Agent or any of its
officers, directors, employees, agents, attorneys-in-fact or affiliates.




          9.7 Indemnification. The Lenders agree to indemnify each Agent and any Issuing Lender
in its capacity as such (to the extent not reimbursed by the Borrower and without limiting the
obligation of the Borrower to do so), ratably according to their respective Aggregate Exposure
Percentages in effect on the date on which indemnification is sought under this Section 9.7 (or, if
indemnification is sought after the date upon which the Commitments shall have terminated and the
Loans shall have been paid in full, ratably in accordance with such Aggregate Exposure Percentages
immediately prior to such date), from and against any and all liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind
whatsoever that may at any time (whether before or after the payment of the Loans) be imposed on,
incurred by or asserted against such Agent or any Issuing Lender in any way relating to or arising
out of, the Commitments, this Agreement, any of the other Loan Documents or any documents
contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby
or any action taken or omitted by such Agent or any Issuing Lender under or in connection with any
of the foregoing; provided that no Lender shall be liable for the payment of any portion of
such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements that are found by a final and nonappealable decision of a court of
competent jurisdiction to have resulted from such Agent’s or any Issuing Lender’s gross negligence
or willful misconduct. The agreements in this Section 9.7 shall survive the payment of the Loans
and all other amounts payable hereunder.




          9.8 Agent in Its Individual Capacity. Each Agent and its affiliates may make loans to,
accept deposits from and generally engage in any kind of business with any Loan Party as though
such Agent were not an Agent. With respect to its Loans made or renewed by it and with respect to
any Letter of Credit issued or participated in by it, each Agent shall have the same rights and
powers under the applicable Loan Documents as any Lender and may exercise the same as though it
were not an Agent, and the terms “Lender” and “Lenders” shall include each Agent in its individual
capacity.




          9.9 Successor Agents. Any Agent may resign upon 30 days’ notice to the Lenders, the
Borrower and the other Agent effective upon appointment of a successor Agent. Upon receipt of any
such notice of resignation, the Required Lenders shall appoint from among the Lenders a successor
agent for the Lenders, which successor agent shall (unless an Event of Default under Section 8.1(a)
or Section 8.1(f) with respect to the Borrower shall have occurred and be continuing) be subject to
approval by the Borrower (which approval shall not be unreasonably withheld or delayed), whereupon
such successor agent shall succeed to the rights, powers and duties of such retiring Agent, and the
retiring Agent’s rights, powers and duties as Agent shall be terminated, without any other or
further act or deed on





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the part of such retiring Agent or any of the parties to this Agreement or any holders of the
Loans. If no successor Agent shall have been so appointed by the Required Lenders with such
consent of the Borrower and shall have accepted such appointment within 30 days after the retiring
Agent’s giving of notice of resignation, then the retiring Agent may, on behalf of the Lenders and
with the consent of the Borrower (such consent not to be unreasonably withheld or delayed), appoint
a successor Agent, that shall be a bank that has an office in New York, New York with a combined
capital and surplus of at least $500,000,000. After any retiring Agent’s resignation as Agent, the
provisions of this Section 9 shall inure to its benefit as to any actions taken or omitted to be
taken by it while it was Agent under this Agreement and the other Loan Documents.




          9.10 Authorization to Release Liens and Guarantees. The Agents are hereby irrevocably
authorized by each of the Lenders to effect any release or subordination of Liens or Guarantee
Obligations contemplated by Section 10.15.




          9.11 Joint Bookrunners and Co-Manager. None of the Joint Bookrunners or the Co-Manager
shall have any duties or responsibilities hereunder in their respective capacities as such.




SECTION 10. MISCELLANEOUS




          10.1 Amendments and Waivers. (a) Subject to Section 2.25, neither this Agreement, any
other Loan Document, nor any terms hereof or thereof may be amended, supplemented or modified
except in accordance with the provisions of this Section 10.1. The Required Lenders and each Loan
Party party to the relevant Loan Document may, or, with the written consent of the Required
Lenders, the Agents and each Loan Party party to the relevant Loan Document may, from time to time,
(a) enter into written amendments, supplements or modifications hereto and to the other Loan
Documents for the purpose of adding any provisions to this Agreement or the other Loan Documents or
changing in any manner the rights or obligations of the Agents, the Swingline Lender, the Issuing
Lenders, the Lenders or of the Loan Parties or their Subsidiaries hereunder or thereunder or (b)
waive, on such terms and conditions as the Required Lenders or the Agents may specify in such
instrument, any of the requirements of this Agreement or the other Loan Documents or any Default or
Event of Default and its consequences; provided, however, that no such waiver and
no such amendment, supplement or modification shall (i) forgive or reduce the principal amount or
extend the final scheduled date of maturity of any Loan, extend the scheduled date or reduce the
amount of any amortization payment in respect of any Term Loan, reduce the stated rate of any
interest, fee or premium payable hereunder (except (A) in connection with the waiver of
applicability of any post-default increase in interest rates (which waiver shall be effective with
the consent of the Required Lenders) and (B) that any amendment or modification of defined terms
used in the financial ratios in this Agreement shall not constitute a reduction in the rate of
interest or fees for purposes of this clause (i)) or extend the scheduled date of any payment
thereof, or increase the amount or extend the expiration date of any Lender’s Commitment, in each
case without the written consent of each Lender directly and adversely affected thereby; (ii)
amend, modify or waive any provision of paragraph (a) of this Section 10.1 without the written
consent of all Lenders; (iii) reduce any percentage specified in the definition of Required
Lenders, consent to the assignment or transfer by the Borrower of any of its rights and obligations
under this Agreement and the other Loan Documents, release all or substantially all of the
Collateral or release all or substantially all of the Guarantors from their obligations under the
Guarantee and Collateral Agreement, in each case without the written consent of all Lenders (other
than to the extent permitted by Section 7.4); (iv) amend, modify or waive any provision of
paragraph (a) or (c) of Section 2.18 without the written consent of all Lenders adversely affected thereby; (v) amend, modify
or waive any provision of paragraph (b) of Section 2.18 without the written consent of the Majority
Facility Lenders in respect of each Facility adversely affected thereby; (vi) reduce the percentage
specified in the definition of Majority Facility Lenders with respect to any




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Facility without the written consent of all Lenders under such Facility; (vii) amend, modify or waive any provision of
Section 9 without the written consent of the Agents; (viii) amend, modify or waive any provision of
Section 2.6 or 2.7 with respect to Swingline Loans without the written consent of the Swingline
Lender; (ix) amend, modify or waive any provision of Section 3 without the written consent of the
Issuing Lenders; or (x) amend the definition of “Change of Control” or amend, modify or waive the
provisions of Section 8.1(j) without the written consent of Lenders holding more than 66-2/3% of
the sum of (x) the aggregate unpaid principal amount of the Term Loans then outstanding and (y) the
Revolving Commitments then in effect or, if the Revolving Commitments have been terminated, the
Revolving Extensions of Credit then outstanding. Any such waiver and any such amendment,
supplement or modification shall apply equally to each of the Lenders and shall be binding upon the
Loan Parties, the Lenders, the Agents and all future holders of the Loans. In the case of any
waiver, the Loan Parties, the Lenders and the Agents shall be restored to their former position and
rights hereunder and under the other Loan Documents, and any Default or Event of Default waived
shall be deemed to be cured and not continuing unless limited by the terms of such waiver; but no
such waiver shall extend to any subsequent or other Default or Event of Default, or impair any
right consequent thereon.




          (b) Notwithstanding the foregoing, this Agreement may be amended (or amended and restated)
with the written consent of the Required Lenders, the Agents, Holdings and the Borrower (a) to add
one or more additional credit facilities to this Agreement (it being understood that no Lender
shall have any obligation to provide or to commit to provide all or any portion of any such
additional credit facility) and to permit the extensions of credit from time to time outstanding
thereunder and the accrued interest and fees in respect thereof to share ratably in the benefits of
this Agreement and the other Loan Documents with the Term Loans and Revolving Extensions of Credit
and the accrued interest and fees in respect thereof and (b) to include appropriately, after the
effectiveness of any such amendment (or amendment and restatement), the Lenders holding such credit
facilities in any determination of the Required Lenders and Majority Facility Lenders, as
applicable.




          (c) In addition, notwithstanding the foregoing, this Agreement may be amended with the
written consent of the Agents, Holdings, the Borrower and the Lenders providing the relevant
Replacement Term Loans (as defined below) to permit the refinancing of all outstanding Term Loans
of any Tranche (“Refinanced Term Loans”) with a replacement term loan tranche hereunder
(“Replacement Term Loans”); provided that (a) the aggregate principal amount of
such Replacement Term Loans shall not exceed the aggregate principal amount of such Refinanced Term
Loans, (b) the Applicable Margin for such Replacement Term Loans shall not be higher than the
Applicable Margin for such Refinanced Term Loans, (c) the weighted average life to maturity of such
Replacement Term Loans shall not be shorter than the weighted average life to maturity of such
Refinanced Term Loans at the time of such refinancing and (d) all other terms applicable to such
Replacement Term Loans shall be substantially identical to, or less favorable to the Lenders
providing such Replacement Term Loans than, those applicable to such Refinanced Term Loans, except
to the extent necessary to provide for covenants and other terms applicable to any period after the
latest final maturity of the Term Loans in effect immediately prior to such refinancing.




          (d) Furthermore, notwithstanding the foregoing, if following the Closing Date, the
Administrative Agent and the Borrower shall have jointly identified an obvious error or any error
or omission of a technical or immaterial nature, in each case, in any provision of this Agreement
or any other Loan Document, then the Administrative Agent and the Borrower shall be permitted to
amend such provision and such amendment shall become effective without any further action or
consent of any other party to this Agreement or any other Loan Document if the same is not objected to in writing
by the Required Lenders within five Business Days following receipt of notice thereof; it being
understood that posting such amendment electronically on IntraLinks/IntraAgency or another relevant
website with notice




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of such posting by the Administrative Agent to the Required Lenders shall be
deemed adequate receipt of notice of such amendment.




          10.2 Notices. (a) All notices, requests and demands to or upon the respective parties
hereto to be effective shall be in writing (including by telecopy), and, unless otherwise expressly
provided herein, shall be deemed to have been duly given or made when delivered, or three Business
Days after being deposited in the mail, postage prepaid, or, in the case of telecopy notice, when
received, addressed as follows in the case of Holdings, the Borrower, the Agents, and as set forth
in an administrative questionnaire delivered to the Administrative Agent in the case of the
Lenders, or to such other address as may be hereafter notified by the respective parties hereto:




	 	 	 

	Holdings:

	 	Booz Allen Hamilton Inc.
	 

	 	8283 Greensboro Drive
	 

	 	McLean VA 22102
	 

	 	Attention: Sam Strickland
	 

	 	Telecopy: (703) 902-3011
	 

	 	Telephone: (703) 902-4700
	 
	 	 
	 

	 	in each case with a copy to:
	 
	 	 
	 

	 	The Carlyle Group
	 

	 	1001 Pennsylvania Avenue, NW
	 

	 	Washington, DC 20004
	 

	 	Attention: Ian Fujiyama
	 

	 	Telecopy: (202) 347-9250
	 

	 	Telephone: (202) 729-5426
	 
	 	 
	With a copy to:

	 	Debevoise & Plimpton LLP
	 

	 	919 Third Avenue
	 

	 	New York, NY 10022
	 

	 	Attention: Pierre Maugüé
	 

	 	Telecopy: (212) 521-7643
	 

	 	Telephone: (212) 909-6643
	 
	 	 
	The Borrower:

	 	Booz Allen Hamilton Inc.
	 

	 	8283 Greensboro Drive
	 

	 	McLean VA 22102
	 

	 	Attention: Sam Strickland
	 

	 	Telecopy: (703) 902-3011
	 

	 	Telephone: (703) 902-4700
	 
	 	 
	 

	 	in each case with a copy to:
	 
	 	 
	 

	 	The Carlyle Group
	 

	 	1001 Pennsylvania Avenue, NW
	 

	 	Washington, DC 20004
	 

	 	Attention: Ian Fujiyama
	 

	 	Telecopy: (202) 347-9250
	 

	 	Telephone: (202) 729-5426






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	With a copy to:

	 	Debevoise & Plimpton LLP
	 

	 	919 Third Avenue
	 

	 	New York, NY 10022
	 

	 	Attention: Pierre Maugüé
	 

	 	Telecopy: (212) 521-7643
	 

	 	Telephone: (212) 909-6643
	 
	 	 
	Agents:

	 	Credit Suisse AG, Cayman Islands Branch
	 

	 	One Madison Avenue, New York, NY 10010
	 

	 	Attention: Agency Manager
	 

	 	Telecopy: (212) 322-2291
	 

	 	Email: agency.loanops@credit-suisse.com





provided that any notice, request or demand to or upon the Agents, the Lenders, Holdings or
the Borrower shall not be effective until received.




          (b) Notices and other communications to the Lenders hereunder may be delivered or furnished by
electronic communications pursuant to procedures approved by the Administrative Agent;
provided that the foregoing shall not apply to notices pursuant to Section 2 unless
otherwise agreed by the Administrative Agent and the applicable Lender. The Agents, Holdings or
the 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.




          10.3 No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on
the part of any Agent or any Lender, any right, remedy, power or privilege hereunder or under the
other Loan Documents 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.




          10.4 Survival of Representations and Warranties. All representations and warranties made
hereunder, in the other Loan Documents and in any document, certificate or statement delivered
pursuant hereto or in connection herewith shall survive the execution and delivery of this
Agreement and the making of the Loans and other extensions of credit hereunder.




          10.5 Payment of Expenses; Indemnification. Except with respect to Taxes which are
addressed in Section 2.20, the Borrower agrees (a) to pay or reimburse each Agent for all of its
reasonable and documented out-of-pocket costs and expenses incurred in connection with the
syndication of the Facilities (other than fees payable to syndicate members) and the development,
preparation, execution and delivery of this Agreement and the other Loan Documents and any other
documents prepared in connection herewith or therewith and any amendment, supplement or modification thereto, and, as to the Agents only, the administration
of the transactions contemplated hereby and thereby, including, without limitation, the reasonable
fees and disbursements and other charges of a single firm of counsel to the Agents (plus one firm
of special regulatory counsel and one firm of local counsel per material jurisdiction as may
reasonably be necessary in connection with collateral matters) in connection with all of the
foregoing, (b) to pay or reimburse each Lender and each Agent for all their reasonable and
documented out-of-pocket costs and expenses incurred in connection with the enforcement of any
rights under this Agreement, the other Loan Documents and any such other documents, including,
without limitation, the




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documented fees and disbursements of a single firm of counsel and, if necessary, a single firm of special regulatory counsel and a single firm of local counsel per
material jurisdiction as may reasonably be necessary, for the Agents and the Lenders, taken as a
whole, and (c) to pay, indemnify or reimburse each Lender, each Agent, each Issuing Lender, each
Lead Arranger, each Joint Bookrunner, the Co-Manager and their respective affiliates, and their
respective officers, directors, employees, trustees, advisors, agents and controlling Persons
(each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all
other liabilities, obligations, losses, damages, penalties, costs, expenses or disbursements
arising out of any actions, judgments or suits of any kind or nature whatsoever, arising out of or
in connection with any claim, action or proceeding relating to or otherwise with respect to the
execution, delivery, enforcement, performance and administration of this Agreement, the other Loan
Documents and any such other documents, including, without limitation, any of the foregoing
relating to the use of proceeds of the Loans or the violation of, noncompliance with or liability
under, any Environmental Law applicable to the operations of the Borrower, any of its Subsidiaries
or any of the Properties and the fees and disbursements and other charges of legal counsel in
connection with claims, actions or proceedings by any Indemnitee against Holdings or the Borrower
hereunder (all the foregoing in this clause (c), collectively, the “Indemnified
Liabilities”); provided that, neither Holdings nor the Borrower shall have any
obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such
Indemnified Liabilities are found by a court of competent jurisdiction to have resulted from (i)
the gross negligence, bad faith or willful misconduct of such Indemnitee or its Related Persons,
(ii) a material breach of the Loan Documents by such Indemnitee or its Related Persons or (iii)
disputes solely among Indemnitees or their Related Persons (it being understood that this clause
(iii) shall not apply to the indemnification of an Agent or Lead Arranger in a suit involving an
Agent or Lead Arranger in its capacity as such). For purposes hereof, a “Related Person” of an
Indemnitee means (i) if the Indemnitee is any Agent or any of its affiliates or their respective
officers, directors, employees, agents and controlling Persons, any of such Agent and its
affiliates and their respective officers, directors, employees, agents and controlling Persons, and
(ii) if the Indemnitee is any Lender or any of its affiliates or their respective officers,
directors, employees, agents and controlling Persons, any of such Lender and its affiliates and
their respective officers, directors, employees, agents and controlling Persons. All amounts due
under this Section 10.5 shall be payable promptly after receipt of a reasonably detailed invoice
therefor. Statements payable by the Borrower pursuant to this Section 10.5 shall be submitted to
the Borrower at the address thereof set forth in Section 10.2, or to such other Person or address
as may be hereafter designated by the Borrower in a written notice to the Administrative Agent.
The agreements in this Section 10.5 shall survive repayment of the Obligations.




          10.6 Successors and Assigns; Participations and Assignments. (a) The provisions of this
Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns permitted hereby (including any affiliate of any Issuing Lender that issues
any Letter of Credit), except that (i) the Borrower may not assign or otherwise transfer any of its
rights or obligations hereunder without the prior written consent of each Lender (and any attempted
assignment or transfer by the Borrower without such consent shall be null and void) and (ii) no
Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance
with this Section 10.6.




          (b) (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may, in
compliance with applicable law, assign (other than to any Disqualified Institution or a natural
person) to one or more assignees (each, an “Assignee”), all or a portion of its rights and
obligations under this Agreement (including all or a portion of its Commitments and the Loans at
the time owing to it) with the prior written consent (such consent not to be unreasonably withheld
or delayed) of:





     (A) the Borrower; provided that no consent of the Borrower shall be required
for an assignment to a Lender, an Affiliate of a Lender, an Approved Fund (as defined
below), or, if an



106









 






Event of Default under Section 8.1(a) or 8.1(f) has occurred and is
continuing, any other Person; and




     (B) the Administrative Agent; provided that no consent of the Administrative
Agent shall be required for an assignment to (x) a Lender, an Affiliate of a Lender or an
Approved Fund or (y) Holdings, the Borrower or a Subsidiary of the Borrower in connection
with a purchase of Term Loans pursuant to Section 2.11(c); and




     (C) in the case of an assignment under the Revolving Facility, each Issuing Lender and
the Swingline Lender.




     (ii) Assignments shall be subject to the following additional conditions:




     (A) except in the case of an assignment to a Lender, an Affiliate of a Lender or an
Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s
Commitments or Loans under any Facility, the amount of the Commitments or Loans of the
assigning Lender subject to each such assignment (determined as of (I) the date the
Assignment and Assumption with respect to such assignment is delivered to the Administrative
Agent or (II) if earlier, the “trade date” (if any) specified in such Assignment and
Assumption) shall not be less than (x) $5,000,000, in the case of the Revolving Facility or
(y) $1,000,000, in the case of the Tranche A Term Facility or the Tranche B Term Facility,
unless the Borrower and the Administrative Agent otherwise consent; provided that
(1) no such consent of the Borrower shall be required if an Event of Default under Section
8.1(a) or 8.1(f) has occurred and is continuing and (2) such amounts shall be aggregated in
respect of each Lender and its Affiliates or Approved Funds, if any;




     (B) the parties to each assignment shall execute and deliver to the Administrative
Agent an Assignment and Assumption via an electronic settlement system acceptable to the
Administrative Agent and the Borrower (or, at the Borrower’s request, manually) together
with a processing and recordation fee of $3,500 (which fee may be waived or reduced in the
sole discretion of the Administrative Agent); provided that only one such fee shall
be payable in the case of contemporaneous assignments to or by two or more related Approved
Funds; and




     (C) the Assignee, if it shall not be a Lender, shall deliver to the Administrative
Agent an administrative questionnaire and all applicable tax forms; provided that
the provisions of this clause (ii) shall not apply to an assignment to Holdings or a
Subsidiary of the Borrower in connection with a purchase of Term Loans pursuant to Section
2.11(c).



          For the purposes of this Section 10.6, “Approved Fund” means any Person (other than a
natural person) that is engaged in making, purchasing, holding or investing in bank loans and
similar extensions of credit in the ordinary course and that is administered or managed by (a) a
Lender, (b) an Affiliate of a Lender or (c) (i) an entity or an Affiliate of an entity that
administers or manages a Lender or (ii) an entity or an Affiliate of an entity that is the
investment advisor to a Lender. Notwithstanding the
foregoing, no Lender shall be permitted to make assignments under this Agreement to any
Disqualified Institutions.





     (iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) below,
from and after the effective date specified in each Assignment and Assumption the Assignee
thereunder shall be a party hereto 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



107









 






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 subject to the obligations under and entitled to the benefits of Sections
2.19, 2.20, 2.21 and 10.5). Any assignment or transfer by a Lender of rights or obligations
under this Agreement that does not comply with this Section 10.6 shall be treated for
purposes of this Agreement as a sale by such Lender of a participation in such rights and
obligations in accordance with paragraph (c) of this Section 10.6 (and will be required to
comply therewith).




     (iv) The Administrative Agent, acting for this purpose as an agent of the Borrower,
shall maintain at one of its offices a copy of each Assignment and Assumption delivered to
it and a register for the recordation of the names and addresses of the Lenders, and the
Commitments of, and principal amount of the Loans and L/C Obligations owing to, each Lender
pursuant to the terms hereof from time to time (the “Register”). Holdings, the
Borrower, the Administrative Agent, the Issuing Lenders, the Swingline Lender 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 (and the entries in the
Register shall be conclusive absent demonstrable error for such purposes), notwithstanding
notice to the contrary. The Register shall be available for inspection by Holdings, the
Borrower, the Issuing Lenders, the Swingline Lender and any Lender, at any reasonable time
and from time to time upon reasonable prior notice.




     (v) Upon its receipt of a duly completed Assignment and Assumption executed by an
assigning Lender and an Assignee, the Assignee’s completed administrative questionnaire
(unless the Assignee shall already be a Lender hereunder) and all applicable tax forms, the
processing and recordation fee referred to in paragraph (b) of this Section 10.6 and any
written consent to such assignment required by paragraph (b) of this Section, the
Administrative Agent shall accept such Assignment and Assumption and promptly record the
information contained therein in the Register. No assignment shall be effective for
purposes of this Agreement unless it has been recorded in the Register as provided in this
paragraph.



          (c) (i) Any Lender may, without the consent of the Borrower or the Administrative Agent, in
compliance with applicable law, sell participations (other than to any Disqualified Institution) to
one or more banks or other entities (a “Participant”), in all or a portion of such Lender’s
rights and obligations under this Agreement (including all or a portion of its Commitments and the
Loans owing to it); provided that (A) such Lender’s obligations under this Agreement shall
remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for
the performance of such obligations and (C) the Borrower, the Administrative Agent, the Issuing
Lenders, the Swingline Lender and the other Lenders shall continue to deal solely and directly with
such Lender in connection with such Lender’s rights and obligations under this Agreement. Any
agreement 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 may provide that
such Lender will not, without the consent of the Participant, agree to any amendment, modification
or waiver that (1) requires the consent of each Lender directly and adversely
affected thereby pursuant to the proviso to the second sentence of Section 10.1 and (2)
directly affects such Participant. Subject to paragraph (c)(ii) of this Section 10.6, the Borrower
agrees that each Participant shall be entitled to the benefits of Sections 2.19, 2.20 and 2.21 (if
such Participant agrees to have related obligations thereunder) to the same extent as if it were a
Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section 10.6.
Notwithstanding the foregoing, no Lender shall be permitted to sell participations under this
Agreement to any Disqualified Institutions.





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     (ii) A Participant shall not be entitled to receive any greater payment under Section
2.19 or 2.20 than the applicable Lender would have been entitled to receive with respect to
the participation sold to such Participant, unless the sale of the participation to such
Participant is made with the Borrower’s prior written consent to such greater amounts. No
Participant shall be entitled to the benefits of Section 2.20 unless such Participant
complies with Section 2.20(d) or (e), as (and to the extent) applicable, as if such
Participant were a Lender.



          (d) Any Lender may, without the consent of or notice to the Administrative Agent or the
Borrower, at any time pledge or assign a security interest in all or any portion of its rights
under this Agreement to secure obligations of such Lender, including any pledge or assignment to
secure obligations to a Federal Reserve Bank, and this Section 10.6 shall not apply to any such
pledge or assignment of a security interest; provided that no such pledge or assignment of
a security interest shall release a Lender from any of its obligations hereunder or substitute any
such pledgee or Assignee for such Lender as a party hereto.




          (e) The Borrower, upon receipt of written notice from the relevant Lender, agrees to issue
Notes to any Lender requiring the same (in the case of an assignment, following surrender by the
assigning Lender of all Notes representing its assigned interests).




          (f) The Borrower may prohibit any assignment if it would require the Borrower to make any
filing with any Governmental Authority or qualify any Loan or Note under the laws of any
jurisdiction and the Borrower shall be entitled to request and receive such information and
assurances as it may reasonably request from any Lender or any Assignee to determine whether any
such filing or qualification is required or whether any assignment is otherwise in accordance with
applicable law.




          (g) Notwithstanding anything to the contrary contained herein, other than pursuant to Section
2.11(c), none of Holdings, the Borrower or any of its Subsidiaries may acquire by assignment,
participation or otherwise any right to or interest in any of the Commitments or Loans hereunder
(and any such attempted acquisition shall be null and void).




          10.7 Adjustments; Set-off. (a) Except to the extent that this Agreement provides for
payments to be allocated to a particular Lender or to the Lenders under a particular Facility, if
any Lender (a “Benefited Lender”) shall at any time receive any payment of all or part of
the Obligations owing to it, or receive any collateral in respect thereof (whether voluntarily or
involuntarily, by setoff, pursuant to events or proceedings of the nature referred to in Section
8.1(f), or otherwise) in a greater proportion than any such payment to or collateral received by
any other Lender, if any, in respect of such other Lender’s Obligations, such Benefited Lender
shall purchase for cash from the other Lenders a participating interest in such portion of each
such other Lender’s Obligations, or shall provide such other Lenders with the benefits of any such
collateral, as shall be necessary to cause such Benefited Lender to share the excess payment or
benefits of such collateral ratably with each of the Lenders; provided, however,
that if all or any portion of such excess payment or benefits is thereafter recovered from such
Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but
without interest.




          (b) In addition to any rights and remedies of the Lenders provided by law, each Lender shall
have the right, without prior notice to the Borrower, any such notice being expressly waived by the
Borrower to the extent permitted by applicable law, upon any amount becoming due and payable by the
Borrower hereunder (whether at the stated maturity, by acceleration or otherwise) after the
expiration of any cure or grace periods, to set off and appropriate and apply against such amount
any and all deposits (general or special, time or demand, provisional or final but excluding trust
accounts), in any currency,




109









 







and any other credits, indebtedness or claims, in any currency, in each
case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or
owing by such Lender or any affiliate, branch or agency thereof to or for the credit or the account
of the Borrower. Each Lender agrees promptly to notify the Borrower and the Administrative Agent
after any such setoff and application made by such Lender; provided that the failure to
give such notice shall not affect the validity of such setoff and application.




          10.8 Counterparts. This Agreement may be executed by one or more of the parties to this
Agreement on any number of separate counterparts, and all of said counterparts taken together shall
be deemed to constitute one and the same instrument. Delivery of an executed signature page of
this Agreement by facsimile or electronic (i.e., “pdf”) transmission shall be effective as delivery
of a manually executed counterpart hereof. A set of the copies of this Agreement signed by all the
parties shall be lodged with the Borrower and the Administrative Agent.




          10.9 Severability. Any provision of this Agreement that is prohibited or unenforceable in
any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition
or unenforceability without invalidating the remaining provisions hereof, and any such prohibition
or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision
in any other jurisdiction.




          10.10 Integration. This Agreement and the other Loan Documents represent the entire
agreement of Holdings, the Borrower, the Agents and the Lenders with respect to the subject matter
hereof and thereof.




          10.11 GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER
THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF
THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS TO THE EXTENT THAT THE SAME
ARE NOT MANDATORILY APPLICABLE BY STATUTE AND THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION
WOULD BE REQUIRED THEREBY.




          10.12 Submission to Jurisdiction; Waivers. Each of Holdings and the Borrower hereby
irrevocably and unconditionally:





     (a) submits for itself and its Property in any legal action or proceeding relating to
this Agreement and the other Loan Documents to which it is a party, or for recognition and
enforcement of any judgment in respect thereof, to the non-exclusive general jurisdiction of
the courts of the State of New York, the courts of the United States for the Southern
District of New York, and appellate courts from any thereof;




     (b) consents that any such action or proceeding may be brought in such courts and
waives any objection that it may now or hereafter have to the venue of any such action or
proceeding in any such court or that such action or proceeding was brought in an
inconvenient court and agrees not to plead or claim the same;




     (c) agrees that service of process in any such action or proceeding may be effected by
mailing a copy thereof by registered or certified mail (or any substantially similar form of
mail), postage prepaid, to it at its address set forth in Section 10.2 or at such other
address of which the Administrative Agent shall have been notified pursuant thereto;



110









 






     (d) agrees that nothing herein shall affect the right to effect service of process in
any other manner permitted by law or shall limit the right to sue in any other jurisdiction;
and




     (e) waives, to the maximum extent not prohibited by law, any right it may have to claim
or recover in any legal action or proceeding referred to in this Section 10.12 any special,
exemplary, punitive or consequential damages.



          10.13 Acknowledgments. Each of Holdings and the Borrower hereby acknowledges that:





     (a) it has been advised by counsel in the negotiation, execution and delivery of this
Agreement and the other Loan Documents;




     (b) neither the Agents nor any Lender has any fiduciary relationship with or duty to
either of Holdings or the Borrower arising out of or in connection with this Agreement or
any of the other Loan Documents, and the relationship between the Agents and Lenders, on one
hand, and Holdings and the Borrower, on the other hand, in connection herewith or therewith
is solely that of debtor and creditor; and




     (c) no joint venture is created hereby or by the other Loan Documents or otherwise
exists by virtue of the transactions contemplated hereby among the Lenders or among
Holdings, the Borrower and the Lenders.



          10.14 Confidentiality. The Agents and the Lenders agree to treat any and all information,
regardless of the medium or form of communication, that is disclosed, provided or furnished,
directly or indirectly, by or on behalf of Holdings or any of its affiliates in connection with
this Agreement or the transactions contemplated hereby whether furnished before or after the
Closing Date (“Confidential Information”), strictly confidential and not to use
Confidential Information for any purpose other than evaluating the
Merger Transactions and negotiating, making available, syndicating and administering this
Agreement (the “Agreed Purposes”). Without limiting the foregoing, each Agent and each
Lender agrees to treat any and all Confidential Information with adequate means to preserve its
confidentiality, and each Agent and each Lender agrees not to disclose Confidential Information, at
any time, in any manner whatsoever, directly or indirectly, to any other Person whomsoever, except
(1) to its directors, officers, employees, counsel, advisors, trustees, affiliates and other
representatives (collectively, the “Representatives”), to the extent necessary to permit
such Representatives to assist in connection with the Agreed Purposes (it being understood that the
Representatives to whom such disclosure is made will be informed of the confidential nature of such
Confidential Information and instructed to keep such Confidential Information confidential), (2) to
any pledgee referred to in Section 10.6(d) and prospective Lenders and participants in connection
with the syndication (including secondary trading) of the Facilities and Commitments and Loans
hereunder, in each case who are informed of the confidential nature of the information and agree to
observe and be bound by standard confidentiality terms, (3) upon the request or demand of any
Governmental Authority having or purporting to have jurisdiction over it, (4) in response to any
order of any Governmental Authority or as may otherwise be required pursuant to any Requirement of
Law, (5) to the extent reasonably required or necessary, in connection with any litigation or
similar proceeding relating to the Facilities, (6) that has been publicly disclosed other than in
breach of this Section 10.14, (7) to the National Association of Insurance Commissioners or any
similar organization or any nationally recognized rating agency that requires access to information
about a Lender’s investment portfolio in connection with ratings issued with respect to such Lender
or in connection with examinations or audits of such Lender or (8) to the extent reasonably
required or necessary, in connection with the exercise of any remedy under the Loan Documents.
Each Agent and




111









 







each Lender acknowledges that (i) Confidential Information includes information that
is not otherwise publicly available and that such non-public information may constitute
confidential business information which is proprietary to the Borrower and (ii) the Borrower has
advised the Agents and the Lenders that it is relying on the Confidential Information for its
success and would not disclose the Confidential Information to the Agents and the Lenders without
the confidentiality provisions of this Agreement. All information, including requests for waivers
and amendments, furnished by the Borrower or the Administrative Agent pursuant to, or in the course
of administering, this Agreement will be syndicate-level information, which may contain material
non-public information about the Borrower and its Affiliates and their related parties or their
respective securities. Accordingly, each Lender represents to the Borrower and the Administrative
Agent that it has identified in its administrative questionnaire a credit contact who may receive
information that may contain material non-public information in accordance with its compliance
procedures and applicable law, including Federal and state securities laws.




          10.15 Release of Collateral and Guarantee Obligations; Subordination of Liens. (a)
Notwithstanding anything to the contrary contained herein or in any other Loan Document, upon
request of the Borrower in connection with any Disposition of Property permitted by the Loan
Documents, the Collateral Agent shall (without notice to, or vote or consent of, any Lender, or any
affiliate of any Lender that is a party to any Specified Hedge Agreement or Cash Management
Obligations or contingent or indemnification obligations not then due) take such actions as shall
be required to release its security interest in any Collateral being Disposed of in such
Disposition, and to release any Guarantee Obligations under any Loan Document of any Person being
Disposed of in such Disposition, to the extent necessary to permit consummation of such Disposition
in accordance with the Loan Documents. Any representation, warranty or covenant contained in any
Loan Document relating to any such Property so Disposed of (other than Property Disposed of to the
Borrower or any of its Restricted Subsidiaries) shall no longer be deemed to be repeated once such
Property is so Disposed of.




          (b) Notwithstanding anything to the contrary contained herein or any other Loan Document, when
all Obligations (other than (x) obligations in respect of any Specified Hedge Agreement
or Cash Management Obligations and (y) any contingent or indemnification obligations not then
due) have been paid in full, all Commitments have terminated or expired and no Letter of Credit
shall be outstanding that is not cash collateralized or backstopped, upon request of Holdings or
the Borrower, the Collateral Agent shall (without notice to, or vote or consent of, any Lender, or
any affiliate of any Lender that is a party to any Specified Hedge Agreement or documentation in
respect of Cash Management Obligations) take such actions as shall be required to release its
security interest in all Collateral, and to release all Guarantee Obligations under any Loan
Document, whether or not on the date of such release there may be outstanding Obligations in
respect of Specified Hedge Agreements or Cash Management Obligations or contingent or
indemnification obligations not then due. Any such release of Guarantee Obligations shall be
deemed subject to the provision that such Guarantee Obligations shall be reinstated if after such
release any portion of any payment in respect of the Obligations guaranteed thereby shall be
rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, dissolution,
liquidation or reorganization of the Borrower or any Guarantor, or upon or as a result of the
appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, the
Borrower or any Guarantor or any substantial part of its Property, or otherwise, all as though such
payment had not been made.




          (c) Notwithstanding anything to the contrary contained herein or in any other Loan Document,
upon request of Holdings or the Borrower in connection with any Liens permitted by the Loan
Documents, the Collateral Agent shall (without notice to, or vote or consent of, any Lender) take
such actions as shall be required to subordinate the Lien on any Collateral to any Lien permitted
under Section 7.3.





112









 








          10.16 Accounting Changes. In the event that any Accounting Change (as defined below) shall
occur and such change results in a change in the method of calculation of financial ratios,
standards or terms in this Agreement, then the Borrower and the Administrative Agent agree to enter
into negotiations in order to amend such provisions of this Agreement so as to equitably reflect
such Accounting Changes with the desired result that the criteria for evaluating the Borrower’s
financial condition shall be the same after such Accounting Changes as if such Accounting Changes
had not been made. Until such time as such an amendment shall have been executed and delivered by
the Borrower, the Administrative Agent and the Required Lenders, all financial ratios, standards
and terms in this Agreement shall continue to be calculated or construed as if such Accounting
Changes had not occurred. “Accounting Changes” refers to changes in accounting principles
required by the promulgation of any rule, regulation, pronouncement or opinion by the Financial
Accounting Standards Board of the American Institute of Certified Public Accountants or, if
applicable, the SEC.




          10.17 WAIVERS OF JURY TRIAL. EACH OF HOLDINGS, THE BORROWER, THE AGENTS AND THE LENDERS
HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING
RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.




          10.18 USA PATRIOT ACT. Each Lender hereby notifies the Loan Parties that pursuant to the
requirements of the USA Patriot Act (Title III of Publ. 107-56 (signed into law October 26, 2001))
(the “Act”), it is required to obtain, verify and record information that identifies the
Loan Parties, which information includes the name and address of the Borrower and other information
that will allow such Lender to identify the Loan Parties in accordance with the Act.




          10.19 Effect of Certain Inaccuracies. In the event that any financial statement delivered
pursuant to Section 6.1(a) or (b) or any Compliance Certificate delivered pursuant to Section
6.2(b) is inaccurate, and such inaccuracy, if corrected, would have led to the application of a
higher Applicable Margin or Applicable Commitment Fee Rate for any period (an “Applicable
Period”) than the Applicable Margin or Applicable Commitment Fee Rate for such Applicable
Period, then (i) promptly following the correction of such financial statement by the Borrower, the
Borrower shall deliver to the Administrative Agent a corrected financial statement and a corrected
Compliance Certificate for such Applicable Period, (ii) the Applicable Margin and Applicable
Commitment Fee Rate for the twelve month period preceding the delivery of such corrected financial
statement and Compliance Certificate shall be determined based on the corrected Compliance
Certificate for such Applicable Period and (iii) the Borrower shall promptly pay to the
Administrative Agent the accrued additional interest or commitment fees owing as a result of such
increased Applicable Margin or Applicable Commitment Fee Rate for such twelve month period. This
Section 10.19 shall not limit the rights of the Administrative Agent or the Lenders hereunder,
including under Section 8.1.






113









 






Exhibit
B to

Amendment:


Schedule 2.1A

to Credit Agreement




Commitments




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Existing	 	Additional	 	 	 	 	 	Tranche C
	 	 	Revolving	 	Revolving	 	Revolving	 	Term
	Lender	 	Commitment	 	Commitment	 	Commitment	 	Commitment
	Credit Suisse AG,
Cayman Islands
Branch
	 	$	21,250,000	 	 	$	25,250,000	 	 	$	46,500,000	 	 	$	350,000,000	 
	Barclays Bank
PLC
	 	 	—	 	 	 	26,500,000	 	 	 	26,500,000	 	 	 	—	 
	Goldman Sachs
Credit Partners
L.P.
	 	 	—	 	 	 	26,500,000	 	 	 	26,500,000	 	 	 	—	 
	Morgan Stanley
Bank, N.A.
	 	 	—	 	 	 	26,500,000	 	 	 	26,500,000	 	 	 	—	 
	Bank of America,
N.A.
	 	 	21,250,000	 	 	 	25,250,000	 	 	 	46,500,000	 	 	 	—	 
	Sumitomo Mitsui
Banking
Corporation
	 	 	21,250,000	 	 	 	15,000,000	 	 	 	36,250,000	 	 	 	—	 
	CIT Bank
	 	 	15,000,000	 	 	 	—	 	 	 	15,000,000	 	 	 	—	 
	Lehman Brothers
Inc/ Woodlands
Commercial Bank
	 	 	21,250,000	 	 	 	—	 	 	 	21,250,000	 	 	 	—	 
	Total
	 	$	100,000,000	 	 	$	145,000,000	 	 	$	245,000,000	 	 	$	350,000,000	 






 









 






Exhibit
C to

Amendment


Schedule 4.3

to Credit Agreement




Existence; Compliance with Law



Booz Allen Transportation Inc. is not in good standing due to overdue New York State corporate
franchise tax payments relating to its July 31, 2008 return.






 









 








EXHIBIT
D
TO AMENDMENT




FORM OF

TRANCHE C TERM LOAN NOTE



THIS NOTE AND THE OBLIGATIONS REPRESENTED HEREBY MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE
WITH THE TERMS AND PROVISIONS OF THE CREDIT AGREEMENT REFERRED TO BELOW. TRANSFERS OF THIS NOTE
AND THE OBLIGATIONS REPRESENTED HEREBY MUST BE RECORDED IN THE REGISTER MAINTAINED BY THE
ADMINISTRATIVE AGENT PURSUANT TO THE TERMS OF SUCH CREDIT AGREEMENT.




			
	$                    
	 	New York, New York






                    , 20__




          FOR VALUE RECEIVED, the undersigned, Booz Allen Hamilton Inc., a Delaware corporation
(“Booz Allen”, and, together with any assignee of, or successor by merger to, Booz Allen
Hamilton Inc.’s rights and obligations under the Credit Agreement (as hereinafter defined) as
provided therein, the “Borrower”), hereby unconditionally promises to pay to
                     (the “Lender”) or its registered assigns at the Funding Office specified
in the Credit Agreement in Dollars and in immediately available funds, the principal amount of (a)
                     DOLLARS ($                    ), or, if less, (b) the aggregate unpaid principal amount of all
Tranche C Term Loans owing to the Lender under the Credit Agreement. The principal amount shall be
paid in the amounts and on the dates specified in Section 2.3 of the Credit Agreement. The
Borrower further agrees to pay interest in like money at such office on the unpaid principal amount
hereof from time to time outstanding at the rates and on the dates specified in the Credit
Agreement.




          This Note (a) is one of the Notes issued pursuant to the Credit Agreement, dated as of July
31, 2008 and amended and restated as of December 11, 2009 (as further amended, restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among Booz
Allen Hamilton Investor Corporation (f/k/a Explorer Investor Corporation), a Delaware corporation,
the Borrower, the several banks and other financial institutions or entities from time to time
parties thereto, Credit Suisse AG, Cayman Islands Branch, as administrative agent (in such
capacity, the “Administrative Agent”) and Collateral Agent, Credit Suisse AG, Cayman
Islands Branch, as Issuing Lender, Banc of America Securities LLC and Credit Suisse Securities
(USA) LLC, as Joint Lead Arrangers, Banc of America Securities LLC, Credit Suisse Securities (USA)
LLC, Morgan Stanley Senior Funding, Inc., Goldman Sachs Credit Partners L.P., Barclays Capital, as
Joint Bookrunners, and Sumitomo Mitsui Banking Corporation, as Co-Manager, (b) is subject to the
provisions of the Credit Agreement, which are hereby incorporated by reference, (c) is subject to
optional and mandatory prepayment in whole or in part as provided in the Credit Agreement and (d)
is secured and guaranteed as provided in the Loan Documents. Reference is hereby made to the
Credit Agreement for a statement of all the terms and conditions under which the Tranche C Term
Loans evidenced hereby are made and are to be repaid. In the event of any conflict or
inconsistency between the terms of this Note and the terms of the Credit Agreement, to the fullest
extent permitted by applicable law, the terms of the Credit Agreement shall govern and be
controlling.




          Upon the occurrence of any one or more Events of Default, all principal and all accrued
interest then remaining unpaid on this Note shall become, or may be declared to be, immediately due
and payable, all as and to the extent provided in the Credit Agreement. No failure in exercising
any rights




J-4-1









 







hereunder or under the other Loan Documents on the part of the Lender shall operate as a
waiver of such rights.




          All parties now and hereafter liable with respect to this Note, whether maker, principal,
surety, guarantor, indorser or otherwise, hereby expressly waive, to the fullest extent permitted
by applicable law, presentment, demand, protest and all other similar notices or similar
requirements.




          Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall
have the meanings given to them in the Credit Agreement.




          NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN OR IN THE CREDIT AGREEMENT, THIS
NOTE MAY NOT BE TRANSFERRED EXCEPT PURSUANT TO AND IN ACCORDANCE WITH THE REGISTRATION AND OTHER
PROVISIONS OF SECTION 10.6 OF THE CREDIT AGREEMENT.




          FOR PURPOSES OF SECTIONS 1272, 1273 AND 1275 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED,
AND THE RULES AND REGULATIONS THEREUNDER, THIS NOTE IS BEING ISSUED WITH ORIGINAL ISSUE DISCOUNT.
THE ISSUE PRICE, AMOUNT OF THE ORIGINAL ISSUE DISCOUNT, ISSUE DATE AND YIELD TO MATURITY OF THE
NOTE CAN BE OBTAINED BY WRITTEN REQUEST BOOZ ALLEN HAMILTON INC., CHIEF FINANCIAL OFFICER, AT 8283
GREENSBORO DRIVE, McLEAN, VA 22102.




[Remainder of page intentionally left blank]






J-4-2









 








          THIS NOTE AND THE RIGHTS AND OBLIGATIONS OF THE BORROWER AND THE LENDER HEREUNDER SHALL BE
GOVERNED BY, AND SHALL BE CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
NEW YORK.




	 	 	 	 	 
	 	BOOZ ALLEN HAMILTON INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 



J-4-3









 






	 	 	 	 	 



EXHIBIT E

TO AMENDMENT




FORM OF ACKNOWLEDGMENT AND CONFIRMATION




          1. Reference is made to Amendment No. 1 to the Existing Credit Agreement, dated as of December
8, 2009 (the “Amendment”), by and among the Borrower, the Administrative Agent and the
Lenders from time to time party thereto.




          2. The Existing Credit Agreement is being amended pursuant to the Amendment. Each of the
undersigned is a Guarantor of the Borrower Obligations of the Borrower pursuant to the Guarantee
and Collateral Agreement and hereby:




          (a) acknowledges its receipt of the foregoing Amendment and its review of the terms and
conditions thereof and consents to the foregoing Amendment, and the amendment and restatement of
the Existing Credit Agreement pursuant thereto;




          (b) acknowledges that the Tranche C Term Loans and any Revolving Loans and Reimbursement
Obligations in respect of Additional Revolving Commitments constitute Borrower Obligations;




          (c) acknowledges that, notwithstanding the execution and delivery of the foregoing Amendment
and the amendment and restatement of the Existing Credit Agreement pursuant thereto, (i) the
Guarantee and Collateral Agreement shall continue to be in full force and effect, (ii) the
Guarantor Obligations of such Guarantor are not impaired or affected and (iii) all guarantees made
by such Guarantor pursuant to the Guarantee and Collateral Agreement and all Liens granted by such
Guarantor as security for the Guarantor Obligations of such Guarantor pursuant to the Guarantee and
Collateral Agreement continue in full force and effect and benefit the Borrower Obligations
described in clause (b) above; and




          (d) confirms and ratifies its obligations under each of the Loan Documents executed by it.




          3. Capitalized terms used herein without definition shall have the meanings given to such
terms in the Amendment to which this Acknowledgment and Confirmation is attached or in the Amended
and Restated Credit Agreement referred to therein or in the Guarantee and Collateral Agreement, as
applicable.




          4. THIS ACKNOWLEDGMENT AND CONFIRMATION SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS
TO THE EXTENT THAT THE SAME ARE NOT MANDATORILY APPLICABLE BY STATUTE AND THE APPLICATION OF THE
LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.




          5. This Acknowledgment and Confirmation may be executed by one or more of the parties to this
Acknowledgment and Confirmation on any number of separate counterparts, and all of said
counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of
an executed signature page of this Acknowledgment and Confirmation by facsimile or electronic (i.e.
“pdf”) transmission shall be effective as delivery of a manually executed counterpart hereof.




 









 








[rest of page intentionally left blank]








2









 








          IN WITNESS WHEREOF, the parties hereto have caused this Acknowledgment and Confirmation to be
duly executed and delivered as of the day and year first above written.




	 	 	 	 	 
	 	BOOZ ALLEN HAMILTON INVESTOR CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	ASE, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	AESTIX, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	BOOZ ALLEN TRANSPORTATION, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 



 









 




	 	 	 	 	 



EXHIBIT F-1

TO AMENDMENT


[FORM OF OPINION TO BE DELIVERED BY DEBEVOISE & PLIMPTON LLP]


     1. Booz Allen Transportation is validly existing under the laws of the State of New York.


     2. Booz Allen Transportation has the corporate power and authority to execute, deliver and
perform its obligations under the Acknowledgment and Confirmation.


     3. Booz Allen Transportation has taken all necessary corporate action to authorize its
execution and delivery of and performance of its obligations under the Acknowledgment and
Confirmation.


     4. The Acknowledgment and Confirmation has been duly executed and delivered on behalf of Booz
Allen Transportation.


     5. (a) Each of the Credit Agreement and the other Transaction Documents to which the Borrower
is a party constitutes a valid and binding obligation of the Borrower enforceable against the
Borrower in accordance with its terms.


     (b) Each of the Credit Agreement and the other Transaction Documents to which Holdings is a
party constitutes a valid and binding obligation of Holdings enforceable against Holdings in
accordance with its terms.


     (c) The Acknowledgment and Confirmation constitutes a valid and binding obligation of each
Subsidiary Party enforceable against such Subsidiary Party in accordance with its terms.


     6. (a) Except for (1) any consents, authorizations, approvals, notices and filings
that have been obtained or made and are in full force and effect, (2) filings to perfect
the security interests created by the Security Documents, (3) filings in the United States
Patent and Trademark Office and the United States Copyright Office and in appropriate offices under
any applicable state trademark laws, (4) mortgage filings in connection with any of the
Loan Documents, (5) filings or consents required to create or perfect any Lien on
Collateral constituting mobile goods covered by a certificate of title, (6) consents required
pursuant to the Assignment of Claims Act and (7) those consents, authorizations, filings
and other acts that, individually or in the aggregate, if not made, obtained or done would not to
our knowledge have a Material Adverse Effect, to our knowledge no consent or authorization of,
approval by, notice to, or filing with or other act by or in respect of, any United States federal
or New York State governmental authority is required under United States federal or New York State
law to be obtained or
made on or prior to the date hereof by the Borrower in connection with its execution and
delivery of, or performance of its obligations under, the Transaction Documents to which it is a
party or in connection with the validity or enforceability against it of the Transaction Documents
to which it is a party.


     (b) Except for (1) any consents, authorizations, approvals, notices and filings that
have been obtained or made and are in full force and effect, (2) filings to perfect the
security interests created by the Security Documents, (3) filings in the United States
Patent and Trademark Office and the United States Copyright Office and in appropriate offices
under any applicable state trademark laws, (4) mortgage filings in connection with any of
the Loan Documents, (5) filings or consents required to create or perfect any Lien on
Collateral constituting mobile goods covered by a certificate of title, (6) consents required
pursuant to the Assignment of Claims Act and (7) those consents, authorizations, filings
and other acts that, individually or in the aggregate, if not made, obtained or done would not to
our knowledge have a Material Adverse Effect, to our knowledge no consent or authorization of,
approval by, notice to, or filing with or other act by or in respect of, any United States
federal or New York State governmental authority is required under United States federal or New
York State law to be obtained or made on or prior to the date hereof by Holdings in connection
with its execution and delivery of, or performance of its obligations under, the Transaction
Documents to which it is a party or in connection with the validity or enforceability against it
of the Transaction Documents to which it is a party.


     (c) Except for (1) any consents, authorizations, approvals, notices and filings that
have been obtained or made and are in full force and effect, (2) filings to perfect the
security interests created by the Security Documents, (3) filings in the United States
Patent and Trademark Office and the United States Copyright Office and in appropriate offices
under any applicable state trademark laws, (4) mortgage filings in connection with any of
the Loan Documents, (5) filings or consents required to create or perfect any Lien on
Collateral constituting mobile goods covered by a certificate of title, (6) consents required
pursuant to the Assignment of Claims Act and (7) those consents, authorizations, filings
and other acts that, individually or in the aggregate, if not made, obtained or done would not to
our knowledge have a Material Adverse Effect, to our knowledge no consent or authorization of,
approval by, notice to, or filing with or other act by or in respect of, any United States
federal or New York State governmental authority is required under United States federal or New
York State law to be obtained or made on or prior to the date hereof by any Subsidiary Party in
connection with its execution and delivery of, or performance of its obligations under, the
Transaction Documents to which it is a party or in connection with the validity or enforceability
against it of the Transaction Documents to which it is a party.


     7. (a) The execution and delivery by the Borrower of the Transaction Documents to which it is
a party, and the performance by the Borrower of its obligations thereunder, (x) will not
violate (i) any existing United States federal or New York State
law, rule or regulation applicable to the Borrower (including without limitation Regulation U
of the Board of Governors of the Federal Reserve System) or (ii) any contract listed in
Schedule II to which the Borrower is a party, except, in the case of clauses (i) and (ii), for such
violations that to our knowledge would not have a Material Adverse Effect, and (y) will not
result in, or require, the creation or imposition of any Lien (other than under the Loan Documents)
on any of its properties or revenues by operation of any law, rule or regulation referred to in the
preceding clause (x) or pursuant to any such contract.


     (b) The execution and delivery by Holdings of the Transaction Documents to which it is a
party, and the performance by Holdings of its obligations thereunder, (x) will not
violate (i) any existing United States federal or New York State law, rule or regulation
applicable to Holdings or (ii) any contract listed in Schedule II to which Holdings is a
party, except, in the case of clauses (i) and (ii), for such violations that to our knowledge
would not have a Material Adverse Effect, and (y) will not result in, or require, the
creation or imposition of any Lien (other than under the Loan Documents) on any of its properties
or revenues by operation of any law, rule or regulation referred to in the preceding clause (x)
or pursuant to any such contract.


     (c) The execution and delivery by each Subsidiary Party of the Transaction Documents to
which it is a party, and the performance by such Subsidiary Party of its obligations thereunder,
(x) will not violate (i) any existing United States federal or New York State
law, rule or regulation applicable to such Subsidiary Party or (ii) any contract listed
in Schedule II to which such Subsidiary Party is a party, except, in the case of clauses (i) and
(ii), for such violations that to our knowledge would not have a Material Adverse Effect, and
(y) will not result in, or require, the creation or imposition of any Lien (other than
under the Loan Documents) on any of its properties or revenues by operation of any law, rule or
regulation referred to in the preceding clause (x) or pursuant to any such contract.


     (d) The execution and delivery by Booz Allen Transportation of the Transaction Documents to
which it is a party, and the performance by Booz Allen Transportation of its obligations
thereunder, will not violate the certificate of incorporation or by-laws of Booz Allen
Transportation.


     8. (a) The Guarantee and Collateral Agreement is effective to create a valid security
interest in favor of the Collateral Agent for the benefit of the Secured Parties, as security for
the Obligations (as defined in the Guarantee and Collateral Agreement), in all of the collateral
described therein that is of the type in which a security interest can be created under Article 9
of the UCC (the “Article 9 Collateral”), to the extent the UCC is applicable to the creation of
such security interest.


     (b) Upon the delivery of the Article 9 Collateral in which a security interest may be
perfected by possession pursuant to the UCC to (and provided that the same remains in the
possession of) the Collateral Agent in the State of New York, the
Collateral Agent, for the benefit of the Secured Parties, has a perfected security interest
in such Article 9 Collateral.


     (c) Upon delivery of the Pledged Stock (in certificated form) either in bearer form or
registered form (issued or endorsed in each case in the name of the Collateral Agent or in blank)
to (and retention of control (within the meaning of Section 8-106 of the UCC) thereof by) the
Collateral Agent in the State of New York, the Collateral Agent has a perfected security interest
therein, to the extent the UCC is applicable to the perfection of such security interest.


     (d) Upon the proper filing of the Financing Statement in the Filing Office, the Collateral
Agent has a perfected security interest in all of the right, title and interest of Booz Allen
Transportation in and to such Article 9 Collateral, to the extent perfection may be accomplished
by the filing of financing statements in the Filing Office under the UCC.


     9. The Borrower is not an “investment company” within the meaning of and subject to regulation
under the Investment Company Act of 1940, as amended.


* * *


 








 




EXHIBIT F-2

TO AMENDMENT


[FORM OF OPINION TO BE DELIVERED BY MORRIS, NICHOLS, ARSHT & TUNNELL LLP]


     1. Each Delaware Corporation is a duly incorporated and validly existing
corporation in good standing under the laws of the State of Delaware.


     2. Each Delaware Corporation has the requisite corporate power and
authority to execute and deliver, as applicable, the Loan Documents to which it is a party and
to perform its obligations thereunder.


     3. The execution and delivery, as applicable, by each Delaware Corporation
of the Loan Documents to which it is a party, and the performance by such Delaware
Corporation of its obligations thereunder, have been duly authorized by all requisite
corporate action on the part of such Delaware Corporation.


     4. The execution and delivery, as applicable, by each Delaware Corporation
of the Loan Documents to which it is party do not, and the performance by such Delaware
Corporation of its obligations thereunder will not, (a) violate the Governing Documents of
such Delaware Corporation, (b) violate any applicable law, rule or regulation of the State of
Delaware or (c) result in, or require, the creation or
imposition of any lien (other than under the Loan
Documents) on any of its properties or revenues by operation of any law, rule or regulation
referred to in the preceding clause (b).


     5. No approval, consent or authorization of, filing with or notice to, any
governmental authority of the State of Delaware is required in connection with the execution
and delivery, as applicable, by any Delaware Corporation of the Loan Documents to which it is a
party and the performance by such Delaware Corporation of its obligations thereunder.


     6. Each of the Borrower and Holdings has duly executed and delivered Amendment No. 1. Each of Holdings, ASE and Aestix
has duly executed and delivered the Acknowledgement.


     7. Solely to the extent that the Delaware UCC is applicable to the perfection
of the security interest of the Collateral Agent in the Collateral owned or acquired by the
Borrower (the “Borrower Collateral”), the Borrower Financing Statement (as identified and
defined on Annex C hereto) having been filed in the State Office, the security interest of the
Collateral Agent is perfected in the portion of the Borrower Collateral as to which a security
interest can be perfected by filing a financing statement in the State of Delaware under the
Delaware UCC (the “Borrower Filing Collateral”).


     8. Solely to the extent that the Delaware UCC is applicable to the perfection
of the security interest of the Collateral Agent in the Collateral owned or acquired by ASE
(the “ASE Collateral”), the ASE Financing Statement (as identified and defined on Annex C hereto)
having been filed in the State Office, the security interest of the Collateral Agent is
perfected in the portion of the ASE Collateral as to which a security interest can be perfected by filing a
financing statement in the State of Delaware under the Delaware UCC (the “ASE Filing
Collateral”).


     9. Solely to the extent that the Delaware UCC is applicable to the perfection
of the security interest of the Collateral Agent in the Collateral owned or acquired by Aestix
(the “Aestix Collateral”), the Aestix Financing Statement (as identified and defined on Annex C
hereto) having been filed in the State Office, the security interest of the Collateral Agent
is perfected in the portion of the Aestix Collateral as to which a security interest can be
perfected by filing a financing statement in the State of Delaware under the Delaware UCC (the “Aestix
Filing Collateral”).


     10. Solely to the extent that the Delaware UCC is applicable to the perfection
of the security interest of the Collateral Agent in the Collateral owned or acquired by
Holdings (the “Holdings Collateral”), the Holdings Financing Statement (as identified and defined on
Annex C hereto) having been filed in the State Office, the security interest of the Collateral
Agent is perfected in the portion of the Holdings Collateral as to which a security interest
can be perfected by filing a financing statement in the State of Delaware under the Delaware UCC (the
“Holdings Filing Collateral”).


 








 





EXHIBIT
G
TO AMENDMENT





CLOSING CERTIFICATE

BOOZ ALLEN HAMILTON INC.

December 11, 2009




     Pursuant to Section 5.1(f) of Amendment No. 1, dated as of December 8, 2009 (the
“Amendment”; unless otherwise defined herein, terms defined in the Amendment or the Amended
and Restated Credit Agreement referred to therein and used herein shall have the meanings given to
them in the Amendment or the Amended and Restated Credit Agreement, as applicable), to the Credit
Agreement, dated as of July 31, 2008, among Booz Allen Hamilton Investor Corporation (formerly
known as Explorer Investor Corporation), a Delaware corporation, Explorer Merger Sub Corporation, a
Delaware corporation, Booz Allen Hamilton Inc., a Delaware corporation, the several banks and other
financial institutions or entities from time to time parties thereto, Credit Suisse AG, Cayman
Islands Branch (formerly known as Credit Suisse, Cayman Islands Branch) (“Credit Suisse”), as
Administrative Agent and Collateral Agent, Bank of America, N.A., as Syndication Agent, Lehman
Brothers Commercial Bank, C.I.T. Leasing Corporation and Sumitomo Mitsui Banking Corporation, as
Documentation Agents, Credit Suisse, as Issuing Lender and Banc of America Securities LLC, Credit
Suisse Securities (USA) LLC, Lehman Brothers Inc. and Sumitomo Mitsui Banking Corporation, as Joint
Lead Arrangers and Joint Bookrunners, the undersigned Ralph Shrader, Chairman, President and Chief
Executive Officer of Booz Allen Hamilton Inc. (the “Company”), hereby certifies on behalf
of the Company (and not individually) as follows:




	 	1.	 	No Default or Event of Default exists as of the Amendment and
Restatement Effective Date, both immediately before and immediately after
giving effect to the Amendment and the borrowing of the Tranche C Term Loans.
	 
	 	2.	 	All of the representations and warranties contained in the
Amended and Restated Credit Agreement and in the other Loan Documents are true
and correct in all material respects on the Amendment and Restatement
Effective Date, both immediately before and immediately after giving effect to
the Amendment and the borrowing of the Tranche C Term Loans, with the same
effect as though such representations and warranties had been made on and as
of the Amendment and Restatement Effective Date (unless such representation
or warranty relates to a specific date, in which case such representation or
warranty shall be true and correct in all material respects as of such
specific date).
	 
	 	3.	 	CG Appleby is the duly elected and qualified Secretary of the
Company and the signature set forth for such officer below is such officer’s
true and genuine signature.





     The undersigned Secretary of the Company hereby certifies as follows:




 











 






	1.	 	Attached hereto as Exhibit A is a copy of a certificate of good
standing or the equivalent from the Company’s jurisdiction of organization
dated as of a recent date prior to the date hereof.
	 
	2.	 	Attached hereto as Exhibit B is a true and complete
copy of resolutions duly adopted at a meeting of the Board of Directors of the
Company, and such resolutions have not in any way been amended, modified,
revoked or rescinded, have been in full force and effect since their adoption
to and including the date hereof and are now in full force and effect.
	 
	3.	 	Attached hereto as Exhibit C is a true and complete
copy of the bylaws of the Company as in effect on the date hereof.
	 
	4.	 	Attached hereto as Exhibit D is a true and complete
certified copy of the Certificate of Incorporation of the Company as in effect
on the date hereof, and such Certificate of Incorporation has not been
amended, repealed, modified or restated.
	 
	5.	 	The following persons are now duly elected and qualified officers of the Company
holding the offices indicated next to their respective names, and the signatures appearing
opposite their respective names are the true and genuine signatures of such officers, and
each of such officers is duly authorized to execute and deliver on behalf of the Company
the Amendment, each of the Loan Documents to which it is a party and any certificate or
other document to be delivered by the Company pursuant to the Amendment or the Loan
Documents to which it is a party:




 









 











	 	 	 	 	 
	Name and Title	 	Signature	 	 
	 
	 	 	 	 
	Ralph Shrader

	 	 

	 	 
	Chairman, President and Chief Executive Officer
	 	 	 	 
	 
	 	 	 	 
	CG Appleby

	 	 

	 	 
	General Counsel and Secretary
	 	 	 	 
	 
	 	 	 	 
	Samuel Strickland

	 	 

	 	 
	Chief Financial Officer, Vice President
and Treasurer
	 	 	 	 
	 
	 	 	 	 
	Horacio Rozanski

	 	 

	 	 
	Chief Personnel Officer
	 	 	 	 
	 
	 	 	 	 
	Douglas Manya

	 	 

	 	 
	Assistant Secretary
	 	 	 	 
	 
	 	 	 	 
	Marie Lerch

	 	 

	 	 
	Assistant Secretary
	 	 	 	 






 









 






     IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this Agreement to
be duly executed and delivered as of the date first above written.



	 	 	 	 	 
	 	BOOZ ALLEN HAMILTON INC.

 	 
	 	By:  	 	 
	 	 	Name:  	Ralph Shrader 	 
	 	 	Title:  	Chairman, President and Chief Executive Officer 	 
	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	CG Appleby 	 
	 	 	Title:  	Secretary 	 



 









 






	 	 	 	 	 



Exhibit A

to Closing Certificate




Certificate of Good Standing






 









 








Exhibit B

to Closing Certificate




Resolutions






 









 








Exhibit C

to Closing Certificate




Bylaws







 









 








Exhibit D

to Closing Certificate




Certificate/Articles of Incorporation