Credit Agreement



 EXHIBIT 4.1 
  

  
 EXECUTION VERSION 
 

 
  
 CREDIT AGREEMENT 
  
 dated as of 
  
 November 8, 2005 
  
 among 
  
 MAYTAG CORPORATION, 
 as Borrower, 
  
 The Loan Guarantors Party Hereto, 
  
 The Lenders Party Hereto 
  
 and 
  
 JPMORGAN CHASE BANK, N.A., 
 as Administrative Agent 
  

  
 J.P. MORGAN SECURITIES INC., 
 CITIGROUP GLOBAL MARKETS, INC., 
 as Joint Bookrunners and Co-Lead Arrangers 
  
 CITICORP USA, INC., 
 WACHOVIA CAPITAL FINANCE CORPORATION (CENTRAL) 
 as Co-Syndication Agents 
  
 WELLS FARGO FOOTHILL, LLC, 
 MERRILL LYNCH CAPITAL, a Division of 
 Merrill
Lynch Business Financial Services Inc., 
 As Co-Documentation Agents 
  








 TABLE OF CONTENTS 
  


					
	 	 	 	  	Page


	 ARTICLE I DEFINITIONS
	  	1
			
	 	 	SECTION 1.01. DEFINED TERMS	  	1
	 	 	SECTION 1.02. CLASSIFICATION OF LOANS AND BORROWINGS	  	25
	 	 	SECTION 1.03. TERMS GENERALLY	  	25
	 	 	SECTION 1.04. ACCOUNTING TERMS; GAAP	  	25
		
	 ARTICLE II THE CREDITS
	  	25
			
	 	 	SECTION 2.01. THE FACILITY	  	25
	 	 	SECTION 2.02. REVOLVING LOANS	  	26
	 	 	SECTION 2.03. LOANS AND BORROWINGS	  	26
	 	 	SECTION 2.04. REQUESTS FOR REVOLVING BORROWINGS	  	27
	 	 	SECTION 2.05. PROTECTIVE ADVANCES	  	27
	 	 	SECTION 2.06. SWINGLINE LOANS.	  	28
	 	 	SECTION 2.07. LETTERS OF CREDIT	  	29
	 	 	SECTION 2.08. FUNDING OF BORROWINGS	  	34
	 	 	SECTION 2.09. INTEREST ELECTIONS	  	35
	 	 	SECTION 2.10. TERMINATION AND REDUCTION OF COMMITMENTS	  	36
	 	 	SECTION 2.11. REPAYMENT OF LOANS; EVIDENCE OF DEBT	  	37
	 	 	SECTION 2.12. PREPAYMENT OF LOANS	  	38
	 	 	SECTION 2.13. FEES	  	39
	 	 	SECTION 2.14. INTEREST	  	40
	 	 	SECTION 2.15. ALTERNATE RATE OF INTEREST	  	41
	 	 	SECTION 2.16. INCREASED COSTS	  	41
	 	 	SECTION 2.17. BREAK FUNDING PAYMENTS	  	42
	 	 	SECTION 2.18. TAXES	  	43
	 	 	SECTION 2.19. PAYMENTS GENERALLY; ALLOCATION OF PROCEEDS; SHARING
OF SET-OFFS	  	44
	 	 	SECTION 2.20. MITIGATION OBLIGATIONS; REPLACEMENT OF LENDERS	  	46
	 	 	SECTION 2.21. INDEMNITY FOR RETURNED PAYMENTS	  	47
		
	 ARTICLE III REPRESENTATIONS AND WARRANTIES
	  	47
			
	 	 	SECTION 3.01. ORGANIZATION; POWERS	  	47
	 	 	SECTION 3.02. AUTHORIZATION; ENFORCEABILITY	  	47
	 	 	SECTION 3.03. GOVERNMENTAL APPROVALS; NO CONFLICTS	  	48
	 	 	SECTION 3.04. FINANCIAL CONDITION; NO MATERIAL ADVERSE CHANGE	  	48
	 	 	SECTION 3.05. PROPERTIES	  	48
	 	 	SECTION 3.06. LITIGATION AND ENVIRONMENTAL MATTERS	  	48
	 	 	SECTION 3.07. COMPLIANCE WITH LAWS AND AGREEMENTS	  	49
	 	 	SECTION 3.08. INVESTMENT AND HOLDING COMPANY STATUS	  	49
	 	 	SECTION 3.09. TAXES	  	49
	 	 	SECTION 3.10. ERISA; CANADIAN PENSION PLANS	  	49
	 	 	SECTION 3.11. DISCLOSURE	  	50
	 	 	SECTION 3.12. MATERIAL AGREEMENTS	  	50
	 	 	SECTION 3.13. SOLVENCY	  	50
	 	 	SECTION 3.14. [INTENTIONALLY OMITTED.]	  	50
	 	 	SECTION 3.15. CAPITALIZATION AND SUBSIDIARIES	  	50
	 	 	SECTION 3.16. COMMON ENTERPRISE	  	51
	 	 	SECTION 3.17. LABOR DISPUTES	  	51
		
	 ARTICLE IV CONDITIONS
	  	51
			
	 	 	SECTION 4.01. EFFECTIVE DATE	  	51
	 	 	SECTION 4.02. EACH CREDIT EVENT	  	53









					
	 ARTICLE V AFFIRMATIVE COVENANTS
	  	53
			
	 	 	SECTION 5.01. FINANCIAL STATEMENTS; BORROWING BASE AND OTHER
INFORMATION	  	54
	 	 	SECTION 5.02. NOTICES OF MATERIAL EVENTS	  	57
	 	 	SECTION 5.03. EXISTENCE; CONDUCT OF BUSINESS	  	58
	 	 	SECTION 5.04. PAYMENT OF OBLIGATIONS	  	58
	 	 	SECTION 5.05. MAINTENANCE OF PROPERTIES AND INTELLECTUAL PROPERTY
RIGHTS	  	58
	 	 	SECTION 5.06. BOOKS AND RECORDS; INSPECTION RIGHTS	  	59
	 	 	SECTION 5.07. COMPLIANCE WITH LAWS	  	59
	 	 	SECTION 5.08. USE OF PROCEEDS AND LETTERS OF CREDIT	  	59
	 	 	SECTION 5.09. INSURANCE	  	59
	 	 	SECTION 5.10. APPRAISALS	  	59
	 	 	SECTION 5.11. ADDITIONAL LOAN GUARANTORS; FURTHER ASSURANCES	  	60
		
	 ARTICLE VI NEGATIVE COVENANTS
	  	60
			
	 	 	SECTION 6.01. INDEBTEDNESS	  	60
	 	 	SECTION 6.02. LIENS	  	63
	 	 	SECTION 6.03. FUNDAMENTAL CHANGES	  	64
	 	 	SECTION 6.04. INVESTMENTS, LOANS, ADVANCES, GUARANTEES AND
ACQUISITIONS	  	64
	 	 	SECTION 6.05. SWAP AGREEMENTS	  	66
	 	 	SECTION 6.06. RESTRICTED PAYMENTS	  	66
	 	 	SECTION 6.07. TRANSACTIONS WITH AFFILIATES	  	67
	 	 	SECTION 6.08. [RESTRICTIVE AGREEMENTS	  	67
	 	 	SECTION 6.09. PREPAYMENT OF INDEBTEDNESS; SUBORDINATED INDEBTEDNESS	  	67
	 	 	SECTION 6.10. DEPOSITORY BANKS	  	68
	 	 	SECTION 6.11. FIXED CHARGE COVERAGE RATIO	  	68
		
	 ARTICLE VII EVENTS OF DEFAULT
	  	68
		
	 ARTICLE VIII THE ADMINISTRATIVE AGENT
	  	71
		
	 ARTICLE IX MISCELLANEOUS
	  	74
			
	 	 	SECTION 9.01. NOTICES	  	74
	 	 	SECTION 9.02. WAIVERS; AMENDMENTS	  	75
	 	 	SECTION 9.03. EXPENSES; INDEMNITY; DAMAGE WAIVER	  	77
	 	 	SECTION 9.04. SUCCESSORS AND ASSIGNS	  	79
	 	 	SECTION 9.05. SURVIVAL	  	82
	 	 	SECTION 9.06. COUNTERPARTS; INTEGRATION; EFFECTIVENESS	  	82
	 	 	SECTION 9.07. SEVERABILITY	  	83
	 	 	SECTION 9.08. RIGHT OF SETOFF	  	83
	 	 	SECTION 9.09. GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF
PROCESS	  	83
	 	 	SECTION 9.10. WAIVER OF JURY TRIAL	  	84
	 	 	SECTION 9.11. HEADINGS	  	84
	 	 	SECTION 9.12. CONFIDENTIALITY	  	84
	 	 	SECTION 9.13. SEVERAL OBLIGATIONS; NONRELIANCE; VIOLATION OF LAW	  	84
	 	 	SECTION 9.14. USA PATRIOT ACT	  	85
	 	 	SECTION 9.15. DISCLOSURE	  	85
	 	 	SECTION 9.16. EXECUTION OF LOAN DOCUMENTS	  	85
	 	 	SECTION 9.17. INTEREST RATE LIMITATION	  	85
	 	 	SECTION 9.18. ENGLISH LANGUAGE	  	85
		
	 ARTICLE X LOAN GUARANTY
	  	85
			
	 	 	SECTION 10.01. GUARANTY	  	85
	 	 	SECTION 10.02. GUARANTY OF PAYMENT	  	86
	 	 	SECTION 10.03. NO DISCHARGE OR DIMINISHMENT OF LOAN
GUARANTY	  	86
	 	 	SECTION 10.04. DEFENSES WAIVED	  	87
	 	 	SECTION 10.05. RIGHTS OF SUBROGATION	  	87

  

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	 	 	SECTION 10.06. REINSTATEMENT; STAY OF ACCELERATION	  	87
	 	 	SECTION 10.07. INFORMATION	  	87
	 	 	SECTION 10.08. TERMINATION	  	87
	 	 	SECTION 10.09. TAXES	  	88
	 	 	SECTION 10.10. MAXIMUM LIABILITY	  	88
	 	 	SECTION 10.11. CONTRIBUTION	  	88
	 	 	SECTION 10.12. LIABILITY CUMULATIVE	  	89
	 	 	SECTION 10.13. JUDGMENT CURRENCY	  	89

  

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 SCHEDULES: 
  
 Commitment Schedule 
 Schedule 3.06 – Litigation 
 Section 3.15 – Subsidiaries 
 Schedule 3.17 – Labor Matters 
 Schedule 6.01 – Existing Indebtedness 
 Schedule 6.02 – Existing Liens 
 Schedule 6.04 – Existing Investments 

Schedule 6.08 – Existing Restrictions 
  
 EXHIBITS: 
  
 Exhibit A – Form of Assignment and Assumption 
 Exhibit B – Form of Opinion of Borrower’s Counsel 
 Exhibit C – Form of Borrowing Base Certificate 
 Exhibit D – Closing Checklist 
 Exhibit E – Form of Compliance Certificate 
 Exhibit F – Joinder Agreement

  

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 CREDIT AGREEMENT dated as of November 8, 2005 (as it may be amended or modified from time to time,
this “Agreement”), among MAYTAG CORPORATION, a Delaware, corporation (the “Borrower”), the Loan Guarantors party hereto, the Lenders party hereto, and JPMORGAN CHASE BANK, N.A., as Administrative Agent. 

 
 The parties hereto agree as follows: 
  
 ARTICLE I 
  
 Definitions 
  
 SECTION 1.01. Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 
  
 “ABR”, when used in reference to any Loan or Borrowing,
refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Alternate Base Rate. 
  
 “Account” has the meaning assigned to such term in the Security Agreement. 
  
 “Account Debtor” means any Person obligated on an Account. 
  
 “Acquisition” means any transaction, or series of
transactions, in which the Borrower or any of its Subsidiaries (1) acquires any business or all or substantially all of the assets of any Person or any division or business unit thereof, whether through a purchase of assets, merger or otherwise
(provided that the Borrower or a Subsidiary of the Borrower is the surviving entity in any merger or similar transaction), or (2) directly or indirectly acquires control of at least a majority (in number of votes) of the Equity Interests
of a Person which have ordinary voting power for the election of directors or other similar management personnel of a Person (other than Equity Interests having such power only by reason of the happening of a contingency) or a majority of the
outstanding Equity Interests of a Person. 
  
 “Adjusted
LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by
(b) the Statutory Reserve Rate. 
  
 “Administrative
Agent” means JPMorgan Chase Bank, N.A., in its capacity as administrative agent for the Lenders hereunder. 
  
 “Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent. 
  
 “Affiliate” means, with respect to a specified Person,
another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 
  
 “Aggregate Credit Exposure” means, at any time, the aggregate Credit Exposure of all the Lenders.

  
 “Aggregate Commitment” means the aggregate of
the Commitments of all the Lenders, as reduced or increased from time to time pursuant to the terms hereof, which Aggregate Commitment shall initially be in the amount of $600,000,000. 







 “Aggregate Revolving Commitment” means the aggregate of the Revolving Commitments of all
the Lenders. 
  
 “Alternate Base Rate” means, for
any day, a rate per annum equal to the greatest 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%. Any change in the Alternate Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective from and including the effective date of
such change in the Prime Rate or the Federal Funds Effective Rate, respectively. 
  
 “Applicable Percentage” means, with respect to any Lender, (a) with respect to Revolving Loans, LC Exposure or Swingline Loans, a portion equal to a fraction the numerator of which is such
Lender’s Revolving Commitment and the denominator of which is the Aggregate Revolving Commitment of all Revolving Lenders (if the Revolving Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the
Revolving Commitments most recently in effect, giving effect to any assignments), (b) with respect to Protective Advances or with respect to the Aggregate Credit Exposure prior to the Maturity Date, a portion equal to a fraction the numerator
of which is such Lender’s Revolving Commitment and the denominator of which is the Aggregate Revolving Commitment of all Lenders, and (c) with respect to Protective Advances or with respect to the Aggregate Credit Exposure after the
Maturity Date, a portion equal to a fraction the numerator of which is such Lender’s Credit Exposure and the denominator of which is the Aggregate Credit Exposure. 
  
 “Applicable Rate” means, for any day, with respect to any ABR Loan or Eurodollar Loan or with respect to
the commitment fees payable hereunder, as the case may be, the applicable rate per annum set forth below under the caption “ABR Spread”, “Eurodollar Spread” or “Commitment Fee Rate”, as the case may be, based upon the
average daily Availability for the last month of the most recent fiscal quarter as set forth in the Compliance Certificate delivered to the Administrative Agent pursuant to Section 5.01(d) with respect to such fiscal quarter: 
  

												
	 Level

	  	Average
Availability

	  	ABR
Spread

	 	 	 Eurodollar
 Spread

	 	 	Commitment
Fee Rate

	 
	 I
	  	>$300,000,000	  	0.00	%	 	1.375	%	 	0.375	%
	 II
	  	<300,000,000	  	0.00	%	 	1.50	%	 	0.250	%

  
 The Applicable Rate
shall initially be set at Level I. Commencing with the fiscal quarter ending April 1, 2006, the Applicable Rate shall be determined quarterly in accordance with the foregoing table based on the Compliance Certificate delivered to the
Administrative Agent pursuant to Section 5.01(d) with respect to such fiscal quarter. Adjustments, if any, to the Applicable Rate shall be effective on the Business Day that the Administrative Agent has received the Compliance Certificate for
the most recently ended fiscal quarter of the Borrower. If the Borrower fails to deliver such Compliance Certificate to the Administrative Agent at the time required pursuant to this Agreement, then the ABR Spread and Eurodollar Spread shall be set
at Level II, and the Commitment Fee Rate shall be set at Level I, until the Business Day that such Compliance Certificate is so delivered. 
  
 “Approved Fund” has the meaning assigned to such term in Section 9.04. 
  
 “Assignment and Assumption” means an assignment and assumption entered into by a 
  

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 Lender and an assignee (with the consent of any party whose consent is required by Section 9.04), and accepted by
the Administrative Agent, in the form of Exhibit A or any other form approved by the Administrative Agent. 
  
 “Availability” means, at any time, an amount equal to the lesser of (a) the Aggregate Revolving Commitment and (b) the
Borrowing Base, in each case, minus the Credit Exposure of all Revolving Lenders. 
  
 “Availability Period” means the period from and including the Effective Date to but excluding the Maturity Date. 
  
 “Available Revolving Commitment” means, at any time, with
respect to a Revolving Lender, the Revolving Commitment of such Revolving Lender then in effect minus the Revolving Credit Exposure of such Revolving Lender at such time. 
  
 “Banking Services” means each and any of the following bank services provided to any Loan Party by any
Lender or any of its Affiliates: (a) commercial credit cards, (b) stored value cards and (c) treasury management services (including, without limitation, controlled disbursement, automated clearinghouse transactions, return items,
overdrafts and interstate depository network services). 
  
 “Banking Services Obligations” means any and all obligations of the Loan Parties, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and
modifications thereof and substitutions therefor) in connection with Banking Services. 
  
 “Banking Services Reserves” means all Reserves which the Administrative Agent from time to time establishes in its Permitted Discretion for Banking Services then provided or outstanding. 

 
 “Board” means the Board of Governors of the Federal
Reserve System of the United States of America. 
  
 “Borrower” means Maytag Corporation, a Delaware corporation. 
  
 “Borrowing” means (a) Revolving Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect,
(b) a Swingline Loan, and (c) a Protective Advance. 
  
 “Borrowing Base” means, at any time, the sum of: 
  
 (a) 85% of the Loan Parties’ Eligible Accounts at such time, 
  
 plus 
  
 (b) the least of: 
  
 (i) 65% of the Loan Parties’ Eligible Inventory, valued at the lower of cost or market value, determined on a first-in-first-out
basis, at such time, 
  
 (ii) 85% of the Net
Orderly Liquidation Value of the Loan Parties’ Eligible Inventory at such time and 
  
 (iii) 50% of the Aggregate Revolving Commitment at such time or, if the Revolving Commitments have been terminated as of such time, 50% of
the Aggregate Revolving Commitment immediately prior to such termination, 
  

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 minus, without duplication for items otherwise excluded from Eligible Accounts or Eligible
Inventory, 
  
 (c) Reserves. 
  
 The Borrowing Base at any time shall be determined by reference to the most recent Borrowing
Base Certificate delivered to the Administrative Agent pursuant to Section 5.01(f); provided, that the Borrowing Base shall be adjusted (i) upon the establishment of any Reserve by the Administrative Agent in accordance with
the terms of this Agreement or the exclusion by the Administrative Agent in accordance with the terms of this Agreement of any previously eligible component of the Borrowing Base and (ii) at the Administrative Agent’s election when cash
dominion is in effect pursuant to Section 7.1 of the Security Agreement, for collections received in respect of Accounts. 
  
 “Borrowing Base Availability” means, at any time, an amount equal to the Borrowing Base minus the Revolving Credit Exposure
of all Revolving Lenders. 
  
 “Borrowing Base
Certificate” means a certificate, signed and certified as accurate and complete by a Financial Officer of the Borrower, in substantially the form of Exhibit C or another form which is acceptable to the Administrative Agent in its
sole discretion. 
  
 “Borrowing Request” means a
request by the Borrower for a Revolving Borrowing in accordance with Section 2.03. 
  
 “Business Day” means any day that is not a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to remain closed; provided that, when used
in connection with a Eurodollar Loan, the term “Business Day” shall also exclude any day on which banks are not open for dealings in dollar deposits in the London interbank market. 
  
 “Canadian Pension Event” means (i) the termination in
whole or in part of any Canadian Pension Plan; (ii) the existence of a going concern unfunded liability or a solvency deficiency in respect of any Canadian Pension Plan; (iii) the failure of any Loan Party to make minimum required
contributions to amortize any funding deficiencies under a Canadian Pension Plan within the time period required by law or fail to make a required contribution under any Canadian Pension Plan which could result in the imposition of a Lien upon the
assets of a Loan Party; or (iv) any Loan Party makes any improper withdrawals or applications of assets of a Canadian Pension Plan. 
  
 “Canadian Pension Plan” means each pension plan required to be registered under Canadian federal or provincial law that is maintained or
contributed to by a Loan Party for its employees or former employees, but does not include the Canada Pension Plan or the Quebec Pension Plan as maintained by the Government of Canada or the Providence of Quebec, respectively. 
  
 “Canadian Subsidiary” means a Subsidiary that is organized
under the laws of Canada or a province or territory thereof. 
  
 “Capital Expenditures” means, without duplication, any expenditure or commitment to expend money for any purchase or other acquisition of any asset which would be classified as a fixed or capital asset on a consolidated
balance sheet of the Borrower and its Subsidiaries prepared in accordance with GAAP. 
  

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 “Capital Lease Obligations” of any Person means 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 the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 
  
 “Change in Control” means: (a) the acquisition of ownership, directly or indirectly, beneficially or of record, by any Person or
group (within the meaning of the Securities Exchange Act of 1934 and the rules of the Securities and Exchange Commission thereunder as in effect on the date hereof), of Equity Interests representing more than twenty percent (20%)% of the aggregate
ordinary voting power represented by the issued and outstanding Equity Interests of the Borrower; (b) occupation of a majority of the seats (other than vacant seats) on the board of directors of the Borrower by Persons who were neither
(i) nominated by the board of directors of the Borrower nor (ii) appointed by directors so nominated; (c) the acquisition of direct or indirect Control of the Borrower by any Person or group; (d) except as expressly permitted
under Section 6.03, the failure of the Borrower to own, directly or indirectly, 100% of the outstanding Equity Interests of each of the Loan Guarantors; or (e) any “change in control” (as such term or words of similar import are
defined under any Material Indebtedness) shall occur; provided that so long as no Event of Default has occurred and is continuing, the consummation of the Whirlpool Sale shall not give rise to a “Change in Control.” 
  
 “Change in Law” means (a) the adoption of any law, rule
or regulation after the date of this Agreement, (b) any change in any law, rule or regulation or in the interpretation or application thereof by any Governmental Authority after the date of this Agreement or (c) compliance by any Lender or
the Issuing Bank (or, for purposes of Section 2.16(b), by any lending office of such Lender or by such Lender’s or the Issuing Bank’s holding company, if any) with any request, guideline or directive (whether or not having the force
of law) of any Governmental Authority made or issued after the date of this Agreement. 
  
 “Chase” means JPMorgan Chase Bank, N.A., a national banking association, in its individual capacity, and its successors. 
  
 “Class”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans
comprising such Borrowing, are Revolving Loans, Swingline Loans or Protective Advances. 
  
 “Closing Checklist” means that certain closing checklist attached hereto as Exhibit D. 
  
 “Code” means the Internal Revenue Code of 1986, as amended from time to time. 
  
 “Collateral” means property of the Loan Parties, now owned
or hereafter acquired, upon which a Lien is purported to be created by any Collateral Document. 
  
 “Collateral Access Agreement” has the meaning assigned to such term in the Security Agreement. 
  
 “Collateral Documents” means, collectively, the Security
Agreement and all other documents granting a Lien on any property of any Person to secure any of the Secured Obligations. 
  
 “Collection Account” has the meaning assigned to such term in the Security Agreement. 
  
 “Commitment” means, with respect to each Lender, such
Lender’s Revolving Commitment, together with the commitment of such Lender to acquire participations in Protective 
  

 5 








 Advances hereunder, as such Commitment may be (a) reduced from time to time pursuant to Section 2.10(b),
increased from time to time pursuant to Section 2.02(b) and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Commitment is set
forth on the Commitment Schedule, in the Assignment and Assumption or in any joinder agreement relating to any Commitment Increase pursuant to which such Lender shall have assumed its Commitment, as applicable. 
  
 “Commitment Increase” has the meaning assigned to such term
in Section 2.02(b). 
  
 “Commitment Increase
Cap” has the meaning assigned to such term in Section 2.02(b). 
  
 “Commitment Schedule” means the Schedule attached hereto identified as such. 
  
 “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a
Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 
  
 “Credit Exposure” means, as to any Lender at any time, the sum of (a) such Lender’s Revolving
Credit Exposure at such time, plus (b) an amount equal to its Applicable Percentage, if any, of the aggregate principal amount of Protective Advances outstanding at such time. 
  
 “Default” means any event or condition which constitutes an
Event of Default or which upon notice, lapse of time or both would, unless cured or waived, become an Event of Default. 
  
 “Defaulting Lender” has the meaning assigned to such term in Section 2.08(b). 
  
 “Departing Lender” has the meaning assigned to such term in
Section 2.20(b). 
  
 “Document” has the
meaning assigned to such term in the Security Agreement. 
  
 “dollars” or “$” refers to lawful money of the United States of America. 
  
 “Dollar Amount” of any currency, on any date of determination, shall mean the equivalent in such currency of such amount of dollars,
calculated on the basis of the arithmetical mean of the buy and sell spot rates of exchange of the Administrative Agent for such currency on the London market at 11:00 a.m., London time, on any such date. 
  
 “Domestic Subsidiary” means any Subsidiary organized under
the laws of the United States or any state thereof or the District of Columbia. 
  
 “EBITDA” means Net Income plus, to the extent deducted from revenues in determining Net Income, (a) Interest Expense, (b) expense for taxes paid or accrued net of tax refunds,
(c) depreciation, (d) amortization and other non-cash charges (including without limitation, non-cash restructuring and related charges, including charges to establish accruals and reserves associated with the reassessment or realignment
of the business and operations of the Borrower and its Subsidiaries, including the sale or closing of facilities, curtailment or modifications to pension and post-retirement health care plans, asset impairment or disposals, write-downs for purchase
and lease commitments, start-up costs for new facilities and write-downs of excess and obsolete inventory (collectively, “Restructuring Charges”)) and (e) extraordinary losses (as determined in accordance with GAAP) incurred
other than in the ordinary course of business, minus, (a) to the extent included in Net Income, extraordinary gains (as determined in accordance with GAAP) realized other than in the ordinary course of business and (b) to

  

 6 








 the extent not deducted from revenues in determining Net Income (unless added back to Net Income above), cash payments
made in respect of Restructuring Charges, all calculated for the Borrower and its Subsidiaries on a consolidated basis. 
  
 “Effective Date” means the date on which the conditions specified in Section 4.01 are satisfied (or waived in accordance with
Section 9.02). 
  
 “Eligible Accounts”
means, at any time, the aggregate Accounts of the Loan Parties, excluding any Account: 
  
 (a) which is not subject to a first priority perfected security interest in favor of the Administrative Agent; 
  
 (b) which is subject to any Lien other than (i) a Lien in favor of the Administrative Agent and (ii) a Permitted Encumbrance which does not have
priority over the Lien in favor of the Administrative Agent; 
  
 (c) (i) which, in the case of an Account which has a scheduled due date of 30 days or less after the original invoice date, is unpaid more than 90 days after the original invoice date, (ii) which, in the case of an Account which
has a scheduled due date of more than 30 days after the original invoice date, is unpaid more than 30 days (60 days in the case of an Account Debtor whose performance is satisfactory to Administrative Agent in its sole discretion) after the original
due date, or (iii) which has a scheduled due date, or is otherwise unpaid, more than 150 days after the original invoice date; 
  
 (d) which has been written off the books of any Loan Party or otherwise designated as uncollectible; 
  
 (e) which is owing by an Account Debtor for which more than fifty percent
(50%) of the Accounts owing from such Account Debtor and its Affiliates are ineligible hereunder (other than pursuant to clauses (a), (b), (f), (h), (i), (m), (n), (q), (r), (s), (u) or (w)); 
  
 (f) which is owing by an Account Debtor (excluding Home Depot Inc.,
Lowe’s Corporation, Sears Holdings Corporation and their respective wholly-owned domestic subsidiaries, unless (1) in the case of Home Depot Inc. or Lowe’s Corporation (and their respective subsidiaries) the long term unsecured debt
rating of Home Depot Inc. or Lowe’s Corporation, as applicable, has been reduced below “Baa3” by S&P or “BBB-” by Moody’s, and the Borrower shall have received five (5) Business Day’s prior written notice
from the Administrative Agent of its election to remove such corporation and its subsidiaries from the exception in this parenthetical in the Administrative Agent’s sole discretion or (2) in the case of Sears Holdings Corporation and its
subsidiaries, the Borrower shall have received five (5) Business Day’s prior written notice from the Administrative Agent of its election to remove such corporation and its subsidiaries from the exception in this parenthetical in the
Administrative Agent’s sole discretion) to the extent the aggregate amount of Accounts owing from such Account Debtor and its Affiliates to the Loan Parties exceeds twenty five percent (25%) of the aggregate Eligible Accounts of the Loan
Parties, but only to the extent of such excess; 
  
 (g) with
respect to which any covenant, representation, or warranty specifically applicable to Eligible Accounts contained in this Agreement or in the Security Agreement has been breached or is not true in any material respect; 
  
 (h) which (i) does not arise from the sale of goods or performance of
services in the ordinary course of business, (ii) is not evidenced by an invoice or other documentation satisfactory to the 
  

 7 








 Administrative Agent which has been sent to the Account Debtor, (iii) represents a progress billing, (iv) is
contingent upon any Loan Party’s completion of any further performance, (v) represents a sale on a bill-and-hold, guaranteed sale, sale-and-return, sale on approval, consignment, cash-on-delivery or any other repurchase or return basis or
(vi) relates to payments of interest; 
  
 (i) for which the
goods giving rise to such Account have not been shipped to the Account Debtor or for which the services giving rise to such Account have not been performed by a Loan Party or if such Account was invoiced more than once; 
  
 (j) with respect to which any check or other instrument of payment has been
returned uncollected for any reason; 
  
 (k) which is owed by an
Account Debtor which has (i) applied for, suffered, or consented to the appointment of any receiver, interim receiver, receiver and manager, custodian, trustee, or liquidator of its assets, (ii) has had possession of all or a material part
of its property taken by any receiver, custodian, trustee or liquidator, (iii) filed, or had filed against it, any request or petition for liquidation, reorganization, arrangement, adjustment of debts, adjudication as bankrupt, winding-up, or
voluntary or involuntary case under any state or federal or foreign bankruptcy or insolvency laws (other than post-petition accounts payable of an Account Debtor that is a debtor-in-possession under the Bankruptcy Code or any similar foreign
bankruptcy or insolvency laws and reasonably acceptable to the Administrative Agent), (iv) has admitted in writing its inability, or is generally unable to, pay its debts as they become due, (v) become insolvent, or (vi) ceased
operation of its business; 
  
 (l) which is owed by any Account
Debtor which has sold all or a substantially all of its assets; 
  
 (m) which is owed by an Account Debtor which (i) does not maintain its chief executive office in the U.S. or Canada or (ii) is not organized under applicable law of the U.S., any state of the U.S., Canada, or any province of
Canada unless, in either case, such Account is backed by a Letter of Credit acceptable to the Administrative Agent which is in the possession of, has been assigned to and is directly drawable by the Administrative Agent; provided that the
foregoing shall not exclude Accounts in an aggregate face amount at any time outstanding not exceeding $25,000,000 which the Administrative Agent has otherwise determined in its sole discretion are acceptable for inclusion in the Borrowing Base;

  
 (n) which is owed in any currency other than U.S. dollars or
Canadian dollars; provided that, with respect to Accounts owed in Canadian dollars, the value of such Accounts for purposes of calculating the Borrowing Base shall be expressed in U.S. dollars based on the Dollar Amount on the date of the applicable
Borrowing Base Certificate; 
  
 (o) which is owed by (i) the
government (or any department, agency, public corporation, or instrumentality thereof) of any country other than the U.S. unless such Account is backed by a Letter of Credit acceptable to the Administrative Agent which is in the possession of the
Administrative Agent, (ii) the government of the U.S., or any department, agency, public corporation, or instrumentality thereof, unless the Federal Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq. and
41 U.S.C. § 15 et seq.), and any other steps necessary to perfect the Lien of the Administrative Agent in such Account have been complied with to the Administrative Agent’s satisfaction or (iii) the Canadian federal
government or any department, agency, public corporation or instrumentality thereof, unless the Federal Administrative Act (Canada) and any other steps necessary to perfect the Lien of the Administrative Agent in such Account have been complied with
to the Administrative Agent’s satisfaction; 
  

 8 








 (p) which is owed by any Affiliate, employee, officer, director, agent or stockholder of any Loan Party;

  
 (q) which, for any Account Debtor, exceeds a credit limit
determined by the Administrative Agent in its Permitted Discretion; provided that the Administrative Agent has provided at least five (5) Business Days’ prior written notice of such determination unless an Event of Default has
occurred and is continuing; 
  
 (r) which is owed by an Account
Debtor or any Affiliate of such Account Debtor to which any Loan Party is indebted, but only to the extent of such indebtedness or is subject to any security, deposit, progress payment, retainage or other similar advance made by or for the benefit
of an Account Debtor, in each case to the extent thereof; 
  
 (s)
which is subject to any counterclaim, deduction, defense, setoff or dispute but only to the extent of any such counterclaim, deduction, defense, setoff or dispute; 
  
 (t) which is evidenced by any promissory note, chattel paper, or instrument; 
  
 (u) which is owed by an Account Debtor located in any jurisdiction which
requires filing of a “Notice of Business Activities Report” or other similar report in order to permit the applicable Loan Party to seek judicial enforcement in such jurisdiction of payment of such Account, unless such Loan Party has filed
such report or qualified to do business in such jurisdiction or is otherwise permitted to do so in order to seek such judicial enforcement; 
  
 (v) with respect to which any Loan Party has made any agreement with the Account Debtor for any reduction thereof, other than discounts and adjustments
given in the ordinary course of business, or any Account which was partially paid and such Loan Party created a new receivable for the unpaid portion of such Account; 
  
 (w) which does not comply in all material respects with the requirements of all applicable laws and regulations, whether
Federal, state, foreign, provincial, territorial or local, including without limitation the Federal Consumer Credit Protection Act, the Federal Truth in Lending Act and Regulation Z of the Board; 
  
 (x) which is for goods that have been sold under a purchase order or pursuant
to the terms of a contract or other agreement or understanding (written or oral) that indicates or purports that any Person other than the applicable Loan Party has or has had an ownership interest in such goods, or which indicates any party other
than the applicable Loan Party as payee or remittance party; 
  
 (y) which was created on cash on delivery terms; or 
  
 (z) which the Administrative Agent determines may not be paid by reason of the Account Debtor’s inability to pay or which the Administrative Agent otherwise determines, in the exercise of its Permitted Discretion, to be unacceptable
for inclusion in the Borrowing Base; provided, that the Administrative Agent will provide the Borrower with not less than five (5) Business Days’ prior written notice of any such determination unless an Event of Default has occurred
and is continuing. 
  
 In the event that an Account which was
previously an Eligible Account ceases to be an Eligible Account hereunder, the Borrower shall exclude such Account from Eligible Accounts on, and at the time of submission to the Administrative Agent of, the next Borrowing Base Certificate. In
determining the amount of an Eligible Account, the face amount of an Account shall be reduced by, 
  

 9 








 without duplication, to the extent not reflected in such face amount, (i) the amount of all accrued and actual
discounts, claims, credits or credits pending, promotional program allowances, price adjustments, finance charges or other allowances (including any amount that any Loan Party may be obligated to rebate to an Account Debtor pursuant to the terms of
any agreement or understanding (written or oral)) and (ii) the aggregate amount of all cash received in respect of such Account but not yet applied by the applicable Loan Party to reduce the amount of such Account. 
  
 “Eligible Inventory” means, at any time, the aggregate
Inventory of the Loan Parties, excluding any Inventory: 
  
 (a)
which is not subject to a first priority perfected Lien in favor of the Administrative Agent; 
  
 (b) which is subject to any Lien other than (i) a Lien in favor of the Administrative Agent and (ii) a Permitted Encumbrance which does not have priority over the Lien in favor of the Administrative Agent;

  
 (c) which is, in the Administrative Agent’s opinion, slow
moving, obsolete, unmerchantable, defective, used, unfit for sale, not salable at prices approximating at least the cost of such Inventory in the ordinary course of business or unacceptable due to age, type, category and/or quantity; 
  
 (d) with respect to which any covenant, representation, or warranty
specifically applicable to Eligible Inventory contained in this Agreement or the Security Agreement has been breached or is not true in any material respect and which does not conform to all standards imposed by any Governmental Authority in any
material respect; 
  
 (e) in which any Person other than the
applicable Loan Party shall (i) have any direct or indirect ownership, interest or title to such Inventory or (ii) be indicated on any purchase order or invoice with respect to such Inventory as having or purporting to have an interest
therein; 
  
 (f) which is not finished goods, work-in-process, raw
materials or service parts or which constitutes spare or replacement parts (excluding service parts), subassemblies, packaging and shipping material, manufacturing supplies, samples, prototypes, displays or display items, bill-and-hold goods, goods
that are returned or marked for return, repossessed goods, defective or damaged goods, goods held on consignment, or goods (other than raw materials) which are not of a type held for sale in the ordinary course of business; 
  
 (g) which is not located in the U.S. or Canada or is in transit with a common
carrier from vendors and suppliers provided that, up to $10,000,000 of Inventory in transit from vendors and suppliers may be included as eligible pursuant to this clause (g) so long as (i) the Administrative Agent shall have
received (1) a true and correct copy of the bill of lading and other shipping documents for such Inventory, (2) evidence of satisfactory casualty insurance naming the Administrative Agent as loss payee and otherwise covering such risks as
the Administrative Agent may reasonably request, and (3) if the bill of lading is (A) non-negotiable, a duly executed Collateral Access Agreement from the applicable customs broker for such Inventory or (B) negotiable, confirmation
that the bill is issued in the name of the applicable Loan Party and consigned to the order of the Administrative Agent, and an acceptable agreement has been executed with the applicable Loan Party’s customs broker, in which the customs broker
agrees that it holds the negotiable bill as agent for the Administrative Agent and has granted the Administrative Agent access to the Inventory and (ii) the common carrier is not an Affiliate of the applicable vendor or supplier; 
  

 10 








 (h) which is located in any location leased by a Loan Party unless (i) the lessor has delivered to
the Administrative Agent a Collateral Access Agreement or (ii) a Reserve for two (2) months of rent, charges, and other amounts due or to become due with respect to such facility has been established by the Administrative Agent in its
Permitted Discretion; 
  
 (i) which is located in any third party
warehouse or is in the possession of a bailee (other than a third party processor) and is not evidenced by a Document (other than bills of lading to the extent permitted pursuant to clause (g) above), unless (i) such warehouseman or bailee
has delivered to the Administrative Agent a Collateral Access Agreement and such other documentation as the Administrative Agent may require or (ii) an appropriate Reserve has been established for two (2) months of charges by the
Administrative Agent in its Permitted Discretion; 
  
 (j) which is
being processed offsite at a third party location or outside processor, or is in-transit to or from the said third party location or outside processor; 
  
 (k) which is a discontinued product or component thereof; 
  
 (l) which is the subject of a consignment by any Loan Party as consignor; 
  
 (m) which is perishable; 
  
 (n) which contains or bears any intellectual property rights licensed to a Loan Party unless the Administrative Agent is satisfied that it may sell or
otherwise dispose of such Inventory without (i) infringing the rights of such licensor, (ii) violating any contract with such licensor, or (iii) incurring any liability with respect to payment of royalties other than royalties
incurred pursuant to sale of such Inventory under the current licensing agreement; 
  
 (o) which is not reflected in a current perpetual inventory report of the Loan Parties (unless such Inventory is reflected in a report to the Administrative Agent as “in transit” Inventory); 
  
 (p) which is subject to a claim by suppliers under Section 81.1 of the
Bankruptcy and Insolvency Act (Canada), but only to the extent of such claim; or 
  
 (q) which the Administrative Agent otherwise determines, in the exercise of its Permitted Discretion, is unacceptable for inclusion in the Borrowing Base; provided that the Administrative Agent will provide the
Borrower with not less than five (5) Business Days’ prior written notice of any such determination unless an Event of Default has occurred and is continuing; 
  
 In the event that Inventory which was previously Eligible Inventory ceases to be Eligible Inventory hereunder, the Borrower
shall exclude such Inventory from Eligible Inventory on, and at the time of submission to the Administrative Agent of, the next Borrowing Base Certificate. 
  
 “Environmental Laws” means all laws, rules, regulations, codes, ordinances, orders, decrees, judgments, injunctions, notices or binding
agreements issued, promulgated or entered into by any Governmental Authority, relating in any way to the environment, preservation or reclamation of natural resources, the management, release or threatened release of any Hazardous Material or to
health and safety matters. 
  
 “Environmental
Liability” means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Borrower or any Subsidiary directly or indirectly resulting from or
based upon (a) violation of any 
  

 11 








 Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any
Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which
liability is assumed or imposed with respect to any of the foregoing. 
  
 “Equity Interests” means shares of capital stock, partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests in a Person, and any
warrants, options or other similar rights entitling the holder thereof to purchase or acquire any such equity interest. 
  
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time. 
  
 “ERISA Affiliate” means any trade or business (whether or
not incorporated) that, together with the Borrower, is treated as a single employer under Section 414(b) or (c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single
employer under Section 414 of the Code. 
  
 “ERISA
Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or the regulations issued thereunder with respect to a Plan (other than an event for which the 30-day notice period is waived); (b) the
existence with respect to any Plan of an “accumulated funding deficiency” (as defined in Section 412 of the Code or Section 302 of ERISA), whether or not waived; (c) the filing pursuant to Section 412(d) of the Code or
Section 303(d) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan; (d) the incurrence by the Borrower or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect
to the termination of any Plan; (e) the receipt by the Borrower or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan;
(f) the incurrence by the Borrower or any of its ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or (g) the receipt by the Borrower or any ERISA Affiliate of any
notice, or the receipt by any Multiemployer Plan from the Borrower or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in
reorganization, within the meaning of Title IV of ERISA. 
  
 “Eurodollar”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted LIBO Rate.

  
 “Event of Default” has the meaning assigned
to such term in Article VII. 
  
 “Excluded
Taxes” means, with respect to the Administrative Agent, any Lender, any Issuing Bank or any other recipient of any payment to be made by or on account of any obligation of the Borrower hereunder, (a) income or franchise taxes imposed
on (or measured by) its net income by the United States of America, or by the jurisdiction under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable lending
office is located, (b) any branch profits taxes imposed by the United States of America or any similar tax imposed by any other jurisdiction described in clause (a) above and (c) in the case of a Foreign Lender (other than an assignee
pursuant to a request by the Borrower under Section 2.20(b)), any withholding tax that is imposed on amounts payable to such Foreign Lender at the time such Foreign Lender becomes a party to this Agreement (or designates a new lending office)
or is attributable to such Foreign Lender’s failure to comply with Section 2.18(e), except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new lending office (or assignment),
to receive additional amounts from the Borrower with respect to such withholding tax pursuant to Section 2.18(a). 
  

 12 








 “Existing Credit Agreement” means the Credit Agreement dated as of March 5, 2004
among the Borrower, Chase, as Administrative Agent, and the lenders party thereto, as amended and in effect on the Effective Date. 
  
 “Existing 2006 Debt Securities” means the Indebtedness identified as “Existing 2006 Debt Securities” on Schedule 6.01.

  
 “Existing Letters of Credit” means the
letters of credit issued by Chase under the Existing Credit Agreement and outstanding on the Effective Date. 
  
 “Federal Funds Effective Rate” means, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100 of 1%) 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 (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three Federal funds brokers of
recognized standing selected by it. 
  
 “Financial
Officer” means the chief financial officer, principal accounting officer, treasurer or controller of the Borrower. 
  
 “Fixed Charges” means, with reference to any period, without duplication, Interest Expense, plus prepayments and scheduled
principal payments on Indebtedness made during such period (excluding (a) payments and prepayments on the Existing 2006 Debt Securities and (b) payments and prepayments on Indebtedness to the extent financed with the proceeds of
replacement Indebtedness other than Revolving Loans), plus expense for taxes paid or payable in cash, plus Restricted Payments paid by the Borrower in cash, plus Capital Lease Obligation payments,
plus, to the extent not deducted in calculating EBITDA, cash contributions to any Plan and cash payments made in respect of post-retirement benefit plans, all calculated for the Borrower and its Subsidiaries on a consolidated basis.

  
 “Fixed Charge Coverage Ratio” means, the
ratio, determined as of the end of each of fiscal quarter of the Borrower and its Subsidiaries for the most-recently ended four fiscal quarters, of (a) EBITDA minus the unfinanced portion of Capital Expenditures to (b) Fixed
Charges, all calculated for the Borrower and its Subsidiaries on a consolidated basis. 
  
 “Foreign Lender” means any Lender that is organized under the laws of a jurisdiction other than the jurisdiction of organization of the Borrower. For purposes of this definition, the United States of
America, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. 
  
 “Foreign Subsidiary” means any Subsidiary which is organized under the laws of a jurisdiction other than the United States of America or
any state thereof or the District of Columbia and which is not a Loan Party. 
  
 “Funding Account” has the meaning assigned to such term in Section 4.01(h). 
  
 “GAAP” means generally accepted accounting principles in the United States of America. 
  

 13 








 “Governmental Authority” means the government of the United States of America, any other
nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative
powers or functions of or pertaining to government. 
  
 “Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other
obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the
purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for the payment thereof, (b) to purchase or lease property, securities or services for the purpose of
assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to maintain working capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary
obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any letter of credit or letter of guaranty issued to support such Indebtedness or obligation; provided, that the term Guarantee shall not
include endorsements for collection or deposit in the ordinary course of business. The amount of any Guarantee made by any guarantor 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 is made and (b) the maximum amount for which such guarantor may be liable pursuant to the terms of the instrument embodying such Guarantee, unless (in the case of a primary obligation that is not
Indebtedness) such primary obligation and the maximum amount for which such guarantor may be liable are not stated or determinable, in which case the amount of such Guarantee shall be such guarantor’s maximum reasonably anticipated liability in
respect thereof as determined by the Borrower in good faith. 
  
 “Guaranteed Obligations” has the meaning assigned to such term in Section 10.01. 
  
 “Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or other
pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any
Environmental Law. 
  
 “Indebtedness” of any
Person means, without duplication, (a) all obligations 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 upon which
interest charges are customarily paid, (d) all obligations of such Person under conditional sale or other title retention agreements relating to property acquired by such Person, (e) all obligations of such Person in respect of the
deferred purchase price of property or services (excluding current accrued salaries, vacation and other employee benefits and current accounts payable, in each case incurred in the ordinary course of business), (f) all Indebtedness of others
secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed,
(g) all Guarantees by such Person of Indebtedness of others, (h) all Capital Lease Obligations of such Person, (i) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit,
(j) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances; and (k) obligations of such Person to purchase securities or other property arising out of or in connection with the sale of the same or
substantially similar securities or property or any other Off Balance Sheet Liability; provided that the term “Indebtedness” shall not be construed to include (i) deferred taxes, (ii) contingent obligations under customary
indemnification provisions contained in contracts or agreements entered into in the ordinary course of business or (iii) obligations in respect of customary purchase price adjustment provisions contained in contracts or agreements relating to
the purchase or sale of assets. The amount of any 
  

 14 








 Indebtedness of a Person that constitutes Indebtedness of such Person solely by reason of clause (f) above and has
not been assumed by such Person shall be deemed to be the lesser of (i) the fair market value of the property owned or acquired by such Person that is or may be the subject of a Lien securing such Indebtedness and (ii) the amount of
Indebtedness that is or may be secured by such property. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable
therefor as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person is not liable therefor. 
  
 “Indemnified Taxes” means Taxes other than Excluded Taxes.

  
 “Information Memorandum” means the
Confidential Information Memorandum dated October 2005 relating to the Borrower and the Transactions. 
  
 “Interest Election Request” means a request by the Borrower to convert or continue a Revolving Borrowing in accordance with
Section 2.08. 
  
 “Interest Expense” means,
with reference to any period, the interest expense of the Borrower and its Subsidiaries calculated on a consolidated basis for such period. 
  
 “Interest Payment Date” means (a) with respect to any ABR Loan (other than a Swingline Loan), the last day of each calendar month
and the Maturity Date, and (b) with respect to any Eurodollar Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Eurodollar Borrowing with an Interest Period of more than
three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period and the Maturity Date. 
  
 “Interest Period” means with respect to any Eurodollar
Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months thereafter, as the Borrower may elect; provided, that (i) if
any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest
Period shall end on the next preceding Business Day and (ii) any Interest Period pertaining to a Eurodollar Borrowing that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day
in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and
thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing. 
  
 “Inventory” has the meaning assigned to such term in the Security Agreement. 
  
 “Issuing Bank” means each of Chase and each other Lender so
designated by the Borrower with such Lender’s consent and with prior notice to the Administrative Agent, in its capacity as the issuer of Letters of Credit hereunder, and its successors in such capacity as provided in Section 2.07(i). Any
Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of such Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued
by such Affiliate. 
  
 “Joinder Agreement” has
the meaning assigned to such term in Section 5.11. 
  

 15 








 “LC Collateral Account” has the meaning assigned to such term in Section 2.07(j).

  
 “LC Disbursement” means a payment made by an
Issuing Bank pursuant to a Letter of Credit. 
  
 “LC
Exposure” means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements that have not yet been reimbursed by or on behalf of
the Borrower at such time. The LC Exposure of any Revolving Lender at any time shall be its Applicable Percentage of the total LC Exposure at such time. 
  
 “LC Shortfall Amount” means an amount equal to the difference of (x) the amount of LC Exposure at such time, less (y) the
amount on deposit in the LC Collateral Account at such time which is free and clear of all rights and claims of third parties and has not been applied against the Secured Obligations. 
  
 “Lenders” means the Persons listed on the Commitment Schedule and any other Person that shall have
become a party hereto pursuant to an Assignment and Assumption or pursuant to a joinder agreement relating to a Commitment Increase, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption. Unless the
context otherwise requires, the term “Lenders” includes the Swingline Lender. 
  
 “Letter of Credit” means any letter of credit issued pursuant to this Agreement, together with any Existing Letter of Credit. 
  
 “LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, the rate appearing on
Page 3750 of the Dow Jones Market Service (or on any successor page or any successor to such Service, or any substitute page or substitute for such Service, providing rate quotations comparable to those currently provided on such page of such
Service, as determined by the Administrative Agent from time to time for purposes of providing quotations of interest rates applicable to dollar deposits in the London interbank market) at approximately 11:00 a.m., London time, two Business Days
prior to the commencement of such Interest Period, as the rate for dollar deposits with a maturity comparable to such Interest Period. In the event that such rate is not available at such time for any reason, then the “LIBO Rate”
with respect to such Eurodollar Borrowing for such Interest Period shall be the rate at which dollar deposits of $5,000,000 and for a maturity comparable to such Interest Period are offered by the principal London office of the Administrative Agent
in immediately available funds in the London interbank market at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period. 
  
 “Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation,
encumbrance, charge or security interest in, on or of such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same
economic effect as any of the foregoing) relating to such asset and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities. 
  
 “Loan Documents” means this Agreement, any promissory notes
issued pursuant to this Agreement, any Letter of Credit applications, the Collateral Documents, the Loan Guaranty, any fee letter delivered in connection with this Agreement and all other agreements, instruments, documents and certificates
identified in Section 4.01 executed and delivered to, or in favor of, the Administrative Agent or any Lenders and all other agreements, instruments, documents and certificates heretofore, now or hereafter executed by or on behalf of any Loan
Party, or any employee of any Loan Party, and delivered 
  

 16 








 to the Administrative Agent or any Lender in connection with the Agreement or the transactions contemplated thereby. Any
reference in the Agreement or any other Loan Document to a Loan Document shall include all appendices, exhibits or schedules thereto, and all amendments, restatements, supplements or other modifications thereto, and shall refer to the Agreement or
such Loan Document as the same may be in effect at any and all times such reference becomes operative. 
  
 “Loan Guarantor” means each Domestic Subsidiary and Canadian Subsidiary that guarantees the Secured Obligations pursuant to Article X.

  
 “Loan Guaranty” means Article X of this
Agreement. 
  
 “Loan Parties” means the Borrower
and the Loan Guarantors and their successors and assigns. 
  
 “Loans” means the loans and advances made by the Lenders pursuant to this Agreement, including Swingline Loans and Protective Advances. 
  
 “Material Adverse Effect” means a material adverse effect on (a) the business, property, condition
(financial or otherwise) or business prospects of the Borrower and the Subsidiaries taken as a whole, (b) the validity or enforceability of any of the Loan Documents, or (c) the rights of or remedies available to the Administrative Agent,
any Issuing Bank or the Lenders thereunder. 
  
 “Material
Indebtedness” means Indebtedness (other than the Loans and Letters of Credit), or obligations in respect of one or more Swap Agreements, of any one or more of the Borrower and its Subsidiaries in an aggregate principal amount exceeding
$25,000,000. For purposes of determining Material Indebtedness, the “obligations” of the Borrower or any Subsidiary in respect of any Swap Agreement at any time shall be the maximum aggregate amount (giving effect to any netting
agreements) that the Borrower or such Subsidiary would be required to pay if such Swap Agreement were terminated at such time. 
  
 “Material Subsidiary” means, as of any date of determination, (a) a Loan Guarantor and (b) each other Subsidiary (i) whose
consolidated total assets constitute more than 3% of the consolidated total assets of the Borrower (on a pro forma basis for the most recently ended fiscal year of the Borrower for which audited financial statements are available) or (ii) whose
consolidated gross sales constitute more than 3% of the consolidated gross sales of the Borrower (on a pro forma basis for the most recently ended fiscal year of the Borrower for which audited financial statements are available). 
  
 “Maturity Date” means November 8, 2010 or any earlier
date on which the Commitments are reduced to zero or otherwise terminated pursuant to the terms hereof. 
  
 “Maximum Liability” has the meaning assigned to such term in Section 10.10. 
  
 “Moody’s” means Moody’s Investors Service, Inc.

  
 “Multiemployer Plan” means a multiemployer
plan as defined in Section 4001(a)(3) of ERISA. 
  
 “Net Cash Proceeds” means, if in connection with (a) an asset disposition, cash proceeds net of (i) commissions and other reasonable and customary transaction costs, fees and expenses properly attributable to such
transaction and payable by such Loan Party in connection therewith (in each case, paid to non-Affiliates), (ii) transfer taxes, (iii) amounts payable to holders of senior Liens on such asset 
  

 17 








 (to the extent such Liens constitute Permitted Encumbrances hereunder), if any, and (iv) an appropriate reserve for
income taxes in accordance with GAAP established in connection therewith, (b) the issuance or incurrence of Indebtedness, cash proceeds net of attorneys’ fees, investment banking fees, accountants’ fees, underwriting discounts and
commissions and other customary fees and expenses actually incurred in connection therewith or, (c) an equity issuance, cash proceeds net of underwriting discounts and commissions and other reasonable costs paid to non-Affiliates in connection
therewith. 
  
 “Net Existing 2006 Debt Securities
Amount” means, at any time, the aggregate outstanding principal amount of the Existing 2006 Debt Securities at such time, net of the sum of (a) the amount of unrestricted cash and Permitted Investments of the Loan Parties at
such time plus, without duplication, (b) unless the Whirlpool Sale shall have been terminated without payment to the Borrower of a $120,000,000 break-up fee, $80,000,000. 
  
 “Net Income” means, with reference to any period, the net income (or loss) of the Borrower and its
Subsidiaries calculated on a consolidated basis for such period. 
  
 “Net Orderly Liquidation Value” means, with respect to Inventory of any Person, the orderly liquidation value thereof as determined in a manner reasonably acceptable to the Administrative Agent by an appraiser reasonably
acceptable to the Administrative Agent, net of all costs of liquidation thereof. 
  
 “Non-Consenting Lender” has the meaning assigned to such term in Section 9.02(f). 
  
 “Non-Paying Guarantor” has the meaning assigned to such term in Section 10.11. 
  
 “Obligated Party” has the meaning assigned to such term in
Section 10.02. 
  
 “Obligations” means all
unpaid principal of and accrued and unpaid interest on the Loans, all LC Exposure, all accrued and unpaid fees and all expenses, reimbursements, indemnities and other obligations of the Loan Parties to the Lenders or to any Lender, the
Administrative Agent, the Issuing Bank or any indemnified party arising under the Loan Documents. 
  
 “Off-Balance Sheet Liability” of a Person means (a) any repurchase obligation or liability of such Person with respect to accounts
or notes receivable sold by such Person, (b) any indebtedness, liability or obligation under any so-called “synthetic lease” transaction entered into by such Person, or (c) any indebtedness, liability or obligation arising with
respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheets of such Person, but excluding from this clause (c) operating leases.

  
 “Other Taxes” means 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. 

 
 “Participant” has the meaning set forth in
Section 9.04. 
  
 “Paying Guarantor” has the
meaning assigned to such term in Section 10.11. 
  
 “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing similar functions. 
  

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 “Permitted Discretion” means a determination made in good faith and in the exercise of
reasonable (from the perspective of a secured asset-based lender) business judgment. 
  
 “Permitted Encumbrances” means: 
  
 (a) Liens imposed by law for taxes, assessments, governmental charges or levies not yet due or delinquent or that are being contested in compliance with Section 5.04 and for which adequate reserves with respect
thereto are maintained on the books of the Borrower or its Subsidiaries, as the case may be, in conformity with GAAP; 
  
 (b) carriers’, warehousemen’s, mechanics’, materialmen’s, landlord’s, repairmen’s and other like Liens imposed by law (or in
the case of landlord’s Liens, granted contractually so long as such Liens remain unperfected), in each case arising in the ordinary course of business and securing obligations that are not overdue by more than 30 days or are being contested in
compliance with Section 5.04; 
  
 (c) pledges and deposits
made in the ordinary course of business in compliance with workers’ compensation, unemployment insurance and other social security laws or regulations; 
  
 (d) deposits to secure the performance of bids, trade contracts, leases, statutory obligations, surety and appeal bonds, performance bonds and other
obligations of a like nature, in each case in the ordinary course of business; 
  
 (e) judgment liens in respect of judgments that do not constitute an Event of Default under clause (k) of Article VII; and 
  

(f) easements, zoning restrictions, rights-of-way, covenants, conditions, restrictions and similar encumbrances on real property imposed by law or
arising in the ordinary course of business that do not secure any monetary obligations and do not materially detract from the value of the affected property or interfere with the ordinary conduct of business of the Borrower or any Subsidiary;

  
 (g) Liens of a collection bank arising under
Section 4-210 of the Uniform Commercial Code; 
  
 (h) Liens
deemed to exist in connection with Permitted Investments in repurchase agreements under clause (d) of the definition of the term “Permitted Investments”. 
  
 (i) Liens in favor of the Administrative Agent granted pursuant to any Loan Document. 
  
 (j) Liens arising by virtue of cash deposits made in the ordinary course of
business to secure liability for premiums to insurance carriers; and 
  
 (k) Liens arising solely by virtue of any contractual, statutory or common law provision relating to banker’s Liens, rights of set-off or similar rights and remedies as to deposit, securities and commodities accounts or other funds
maintained with a creditor depository institution or a securities or commodities intermediary. 
  

 19 








 “Permitted Investments” means: 
  
 (a) direct obligations of, or obligations the principal of
and interest on which are unconditionally guaranteed by, the United States of America or Canada (or by any agency thereof to the extent such obligations are backed by the full faith and credit of the United States of America or Canada, as
applicable), in each case maturing within two years from the date of acquisition thereof; 
  
 (b) investments in commercial paper maturing within 270 days from the date of acquisition thereof and having, at such date of acquisition,
a credit rating of A-1 or better from S&P or P-1 or better 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, any domestic office of any commercial bank organized under the laws of the United States of America or of Canada or any State thereof
which has a combined capital and surplus and undivided profits of not less than $250,000,000; 
  
 (d) fully collateralized repurchase agreements with a term of not more than 60 days for securities described in clause (a) above and
entered into with a financial institution satisfying the criteria described in clause (c) above; 
  
 (e) money market funds that (i) comply with the criteria set forth in Securities and Exchange Commission Rule 2a-7 under the
Investment Company Act of 1940, (ii) are rated A by S&P or A-2 by Moody’s and (iii) have portfolio assets of at least $250,000,000; 
  
 (f) marketable direct general obligations issued by any state of the United States or any political subdivision of any such state,
unconditionally secured by the full faith and credit of such state or political subdivision thereof with maturity within one year from the date of acquisition thereof and, at the time of acquisition, having one of the two highest ratings obtainable
from either S&P or Moody’s; 
  
 (g) tax
exempt floating rate option tender bonds backed by letters of credit issued by a national or state bank whose long-term unsecured debt has a rating of AA or better by S&P, Aa2 or better by Moody’s or the equivalent rating by any other
nationally recognized rating agency; and 
  
 (h)
shares of any mutual fund at least 95% of whose assets consist of the type specified in clauses (a) through (g) above. 
  
 “Permitted Refinancing Debt Securities” means debt securities issued by the Borrower to refinance the Existing 2006 Debt Securities;
provided that unless otherwise consented to by the Administrative Agent in its sole discretion, (i) the principal amount of such debt securities shall not exceed the principal amount of the Existing 2006 Debt Securities refinanced with
the proceeds thereof, (ii) such debt securities shall mature later than, and shall not require any amortization or similar scheduled principal payments prior to, April 30, 2011, and (iii) such debt securities shall be unsecured except
as permitted under Section 6.02(i) or (j). 
  
 “Personal Property Security Act” means the Personal Property Security Act (Ontario) and the regulations thereunder, as from time to time in effect, provided, however, if attachment, perfection or priority of the
Administrative Agent’s Lien in any Collateral are governed by the personal property 
  

 20 








 security laws of any jurisdiction other than Ontario, Personal Property Security Act shall mean those personal property
security laws in such other jurisdiction for the purposes of the provisions hereof relating to such attachment, perfection or priority and for the definitions related to such provisions. 
  
 “Person” means any natural person, corporation, limited liability company, trust, joint venture,
association, company, partnership, Governmental Authority or other entity. 
  
 “Plan” means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and
in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 
  
 “Prepayment Fee” means a fee payable to the Administrative
Agent, for the benefit of the Lenders, in the following amount: 
  

			
	 Period during which early termination occurs

	  	 Prepayment Fee


	On or prior to the first anniversary of the date of this Agreement	  	0.50% of the Aggregate Commitment

  
 “Prime
Rate” means the rate of interest per annum publicly announced from time to time by Chase as its prime rate; each change in the Prime Rate shall be effective from and including the date such change is publicly announced as being effective.

  
 “Pro Forma Cash Availability Amount” means,
at any time, (a) Availability, minus (b) the sum of (i) the aggregate amount of all outstanding Guarantees by the Loan Parties constituting investments permitted under Section 6.04(g), plus (ii) the Net
Existing 2006 Debt Securities Amount at such time plus (iii) the aggregate amount of all dividends on the Borrower’s common stock which have been declared but are then unpaid. 
  
 “Projections” has the meaning assigned to such term in
Section 5.01(f). 
  
 “Protective Advance”
has the meaning assigned to such term in Section 2.05. 
  
 “Register” has the meaning set forth in Section 9.04. 
  
 “Related Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective directors, officers, employees, agents and advisors of such Person and such
Person’s Affiliates. 
  
 “Report” means
reports prepared by the Administrative Agent or another Person showing the results of appraisals, field examinations or audits pertaining to any of the Loan Parties’ assets from information furnished by or on behalf of the Borrower, after the
Administrative Agent has exercised its rights of inspection pursuant to this Agreement, which Reports may be distributed to the Lenders by the Administrative Agent. 
  
 “Required Lenders” means, at any time, Lenders having Commitments representing a majority of the Aggregate
Commitment at such time or, if the Commitments of the Lenders have been terminated, Lenders representing a majority of the Aggregate Credit Exposure. 
  

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 “Reserves” means any and all reserves which the Administrative Agent deems necessary, in
its Permitted Discretion, to maintain (including, without limitation, reserves for rent at leased location and for consignee’s, warehousemen’s and bailees charges, in each case as provided in the definition of Eligible Inventory, reserves
for accrued and unpaid interest on the Obligations, Banking Services Reserves, reserves for dilution of Accounts, reserves for Inventory shrinkage, reserves for customs charges and shipping charges related to any Inventory in transit, reserves for
Swap Obligations, reserves for contingent liabilities of any Loan Party, reserves for uninsured losses of any Loan Party, reserves for uninsured, underinsured, un-indemnified or under-indemnified liabilities or potential liabilities with respect to
any litigation and reserves for taxes, including goods and services taxes, fees, assessments, and other governmental charges) with respect to the Collateral or any Loan Party. Any modification to the Reserves after the Effective Date shall
(i) be made by the Administrative Agent (in its Permitted Discretion) based on facts, circumstances or conditions arising (or becoming known to the Administrative Agent) after the Effective Date and (ii) become effective upon five
(5) Business Days prior written notice to the Borrower unless an Event of Default has occurred and is continuing. 
  
 “Responsible Officer” means, with respect to any Person, the chief executive officer, president, principal accounting officer, chief
financial officer, chief internal general counsel, treasurer or controller of such Person. 
  
 “Restricted Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to any Equity Interests in any Loan Party or any Subsidiary, or any payment
(whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such Equity Interests in any Loan Party or any
Subsidiary or any option, warrant or other right to acquire any such Equity Interests in any Loan Party or any Subsidiary. 
  
 “Revolving Commitment” means, with respect to each Revolving Lender, the commitment of such Lender to make Revolving Loans and to acquire
participations in Letters of Credit and Swingline Loans hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.10, (b) increased from time to time pursuant to Section 2.02(b) and (c) reduced
or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Revolving Lender’s Revolving Commitment is set forth on the Commitment Schedule, or in the Assignment
and Assumption pursuant to which such Lender shall have assumed its Revolving Commitment, as applicable. The initial aggregate amount of the Revolving Lenders’ Revolving Commitments is $600,000,000. 
  
 “Revolving Credit Exposure” means, with respect to any
Revolving Lender at any time, the sum of the outstanding principal amount of such Revolving Lender’s Revolving Loans and its LC Exposure and an amount equal to its Applicable Percentage of the aggregate principal amount of Swingline Loans at
such time. 
  
 “Revolving Lenders” means, as of
any date of determination, Lenders having a Revolving Commitment. 
  
 “Revolving Loan” means a Loan made pursuant to Section 2.02(a). 
  
 “S&P” means Standard & Poor’s Ratings Services, a division of The McGraw Hill Companies, Inc. 
  

“Secured Obligations” means all Obligations, together with (i) all Banking Services Obligations provided that at or prior
to the time that any transaction relating to such Banking Services is 
  

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 executed, the Lender party thereto (other than Chase) shall have delivered written notice to the Administrative Agent
that such a transaction has been entered into and that it constitutes a Secured Obligation entitled to the benefits of the Collateral Documents; and (ii) all Swap Obligations owing to one or more Lenders or their respective Affiliates,
provided that at or prior to the time that any transaction relating to such Swap Obligation is executed (or, if later, the Effective Date), the Lender party thereto (other than Chase) shall have delivered written notice to the Administrative
Agent that such a transaction has been entered into and that it constitutes a Secured Obligation entitled to the benefits of the Collateral Documents. 
  
 “Secured Parties” means collectively, (i) the Administrative Agent, (ii) the Lenders, (iii) the Issuing Banks,
(iv) any Lender or an Affiliate of a Lender with respect to any Banking Services Obligations, and (v) any Lender or Affiliate of a Lender which is a counterparty to any Swap Obligation with the Borrower, provided that with respect
to clauses (iv) and (v) the Lender or Affiliate of a Lender party thereto (other than Chase or its Affiliates) shall have delivered written notice to the Administrative Agent that such a transaction has been entered into and that it
constitutes a Secured Obligation entitled to the benefits of the Collateral Documents. 
  
 “Security Agreement” means that certain Pledge and Security Agreement, dated as of the date hereof, between the Loan Parties and the Administrative Agent, for the benefit of the Administrative Agent
and the Lenders, and any other pledge or security agreement or hypothec (or any related instrument) entered into, after the date of this Agreement by any other Loan Party (as required by this Agreement or any other Loan Document), as the same may be
amended, restated or otherwise modified from time to time. 
  
 “Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including
any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the Board to which the Administrative Agent is subject with respect to the Adjusted LIBO Rate, for eurocurrency funding (currently referred to as
“Eurocurrency Liabilities” in Regulation D of the Board). Such reserve percentages shall include those imposed pursuant to such Regulation D. Eurodollar Loans shall be deemed to constitute eurocurrency funding and to be subject
to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be
adjusted automatically on and as of the effective date of any change in any reserve percentage. 
  
 “Subordinated Indebtedness” of a Person means any Indebtedness of such Person the payment of which is subordinated to payment of the
Obligations to the written satisfaction of the Administrative Agent. 
  
 “subsidiary” means, with respect to any Person (the “parent”) at any date, any corporation, limited liability company, partnership, association or other entity the accounts of which would be consolidated
with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date, as well as any other corporation, limited liability company, partnership, association
or other entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests
are, as of such date, owned, controlled or held, or (b) that is, as of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. 
  
 “Subsidiary” means any subsidiary of the Borrower;
provided, however; that if Fixed 
  

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 Charge Coverage is being calculated for any period in which EBITDA of the Loan Parties on a stand-alone basis for such
period is less than 85% of EBITDA of the Borrower and its subsidiaries on a consolidated basis for such period, any Subsidiary which is not a Loan Party shall not be considered a Subsidiary for purposes of calculating Fixed Charge Coverage for such
period or for purposes of the accounting and financial terms used in connection with making such calculation. 
  
 “Supporting Letter of Credit” means a standby letter of credit, in form and substance satisfactory to the Administrative Agent, issued by
an issuer satisfactory to the Administrative Agent, in a stated amount equal to 103% of the LC Shortfall Amount. 
  
 “Swap Agreement” means any agreement 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; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the
Borrower or the Subsidiaries shall be a Swap Agreement. 
  
 “Swap Obligations” of a Person means any and all obligations of such Person, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and
modifications thereof and substitutions therefor), under (a) any and all Swap Agreements, and (b) any and all cancellations, buy backs, reversals, terminations or assignments of any Swap Agreement transaction. 
  
 “Swingline Lender” means JPMorgan Chase Bank, N.A., in its
capacity as lender of Swingline Loans hereunder. 
  
 “Swingline Loan” means a Loan made pursuant to Section 2.06(a). 
  
 “Taxes” means any and all present or future taxes, levies, imposts, duties, deductions, charges or withholdings imposed by any Governmental Authority. 
  
 “Transactions” means the execution, delivery and performance
by the Borrower of this Agreement, the borrowing of Loans and other credit extensions, the use of the proceeds thereof and the issuance of Letters of Credit hereunder. 
  
 “Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such
Loan, or on the Loans comprising such Borrowing, is determined by reference to the Adjusted LIBO Rate or the Alternate Base Rate. 
  
 “UCC” means the Uniform Commercial Code as in effect from time to time in the State of Illinois or any other state the laws of which are
required to be applied in connection with the issue of perfection of security interests. 
  
 “Unliquidated Obligations” means, at any time, any Secured Obligations (or portion thereof) that are contingent in nature or unliquidated at such time, including any Secured Obligation that is:
(i) an obligation to reimburse a bank for drawings not yet made under a letter of credit issued by it; (ii) any other obligation (including any guarantee) that is contingent in nature at such time; or (iii) an obligation to provide
collateral to secure any of the foregoing types of obligations. 
  

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 “Whirlpool Sale” means the consummation of the transactions contemplated by the
Agreement and Plan of Merger dated August 22, 2005 by and among the Borrower, Whirlpool Corporation and Whirlpool Acquisition Company. 
  
 “Withdrawal Liability” means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer
Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 
  
 SECTION 1.02. Classification of Loans and Borrowings. For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a “Revolving Loan”) or by Type (e.g., a
“Eurodollar Loan”). Borrowings also may be classified and referred to by Class (e.g., a “Revolving Borrowing”) or by Type (e.g., a “Eurodollar Borrowing”). 
  
 SECTION 1.03. Terms Generally. The definitions of terms herein shall
apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and
“including” shall be deemed to be followed by the phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise
(a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject
to any restrictions on such amendments, supplements or modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein”,
“hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and
Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement and (e) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to
any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 
  
 SECTION 1.04. Accounting Terms; GAAP. Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be
construed in accordance with GAAP, as in effect from time to time; provided that, if the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate the effect of any change
occurring after the date hereof in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the Borrower that the Required Lenders request an amendment to any provision hereof for such purpose),
regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become
effective until such notice shall have been withdrawn or such provision amended in accordance herewith. 
  
 ARTICLE II 
  
 The Credits 
  
 SECTION 2.01. The Facility.
Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (i) such Lender’s Credit
Exposure exceeding such Lender’s Commitment or (ii) the sum of the total Credit Exposures exceeding the Aggregate Commitment. The Issuing Bank will issue Letters of Credit hereunder on the terms and conditions set forth below. The Facility
shall be composed of Revolving Loans, Swingline Loans, Protective Advances and Letters of Credit as set forth below. 
  

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 SECTION 2.02. SECTION 2.02. Revolving Loans. (a) Subject to the terms and conditions set
forth herein, each Revolving Lender agrees to make Revolving Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (i) such Lender’s Revolving Credit Exposure
exceeding such Lender’s Revolving Commitment or (ii) the Aggregate Credit Exposure exceeding the lesser of (x) the Aggregate Revolving Commitment of the Revolving Lenders or (y) the Borrowing Base, subject to the Administrative
Agent’s authority, in its sole discretion, to make Protective Advances pursuant to the terms of Section 2.05. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and
reborrow Revolving Loans. 
  
 (b) Commitment
Increase. From time to time after the Effective Date, the Revolving Commitments may be increased (but in no event in excess of $150,000,000 in the aggregate for all such increases) (the “Commitment Increase Cap”) such that the
Aggregate Revolving Commitment shall at no time exceed $750,000,000 (any such increase, a “Commitment Increase”) at the option of the Borrower pursuant to delivery of written notice from the Borrower of a proposed Commitment
Increase to the Administrative Agent if each of the following conditions have been met: 
  
 (1) no Default or Event of Default shall exist; 
  

(2) no Commitment Increase may be in an amount less than $10,000,000; 
  
 (3) the proposed Commitment Increase shall have been consented to in writing by Administrative Agent and
each existing Lender (if any) who is increasing its Revolving Commitment; 
  
 (4) the proposed Commitment Increase, together with any prior Commitment Increase, shall not exceed the Commitment Increase Cap; and 
  
 (5) Administrative Agent shall have received amendments to this Agreement and the Loan Documents, joinder
agreements for any new Lenders, and all other promissory notes, agreements, documents and instruments reasonably satisfactory to Administrative Agent in its reasonable discretion evidencing and setting forth the conditions of the Commitment
Increase. 
  
 Each of the Borrower, Lenders and Administrative
Agent acknowledges and agrees that each Commitment Increase meeting the conditions set forth in this Section 2.02(b) shall not require the consent of any Lender other than those Lenders, if any, which have agreed to increase their Revolving
Commitments in connection with such proposed Commitment Increase. After giving effect to any Commitment Increase, it may be the case that the outstanding Revolving Loans are not held pro rata in accordance with the new Revolving Commitments. In
order to remedy the foregoing, on the effective date of the applicable Commitment Increase, the Revolving Lenders (including, without limitation, any new Lenders) shall make advances among themselves so that after giving effect thereto the Revolving
Loans will be held by the Revolving Lenders (including, without limitation, any new Lenders), pro rata in accordance with the Applicable Percentages hereunder (after giving effect to the applicable Commitment Increase). 
  
 SECTION 2.03. Loans and Borrowings. (a) Each Revolving Loan shall
be made as part of a Borrowing consisting of Revolving Loans made by the Revolving Lenders ratably in accordance with their respective Revolving Commitments. Any Protective Advance shall be made in accordance with the procedures set forth in
Section 2.05. 
  

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 (b) Subject to Section 2.15, each Revolving Borrowing shall be comprised entirely of
ABR Loans or Eurodollar Loans as the Borrower may request in accordance herewith. Each Swingline Loan shall be an ABR Loan. Each Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender
to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. 
  
 (c) At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an
aggregate amount that is an integral multiple of $1,000,000 and not less than $5,000,000. ABR Revolving Loan Borrowings and Swingline Loans may be in any amount. Borrowings of more than one Type and Class may be outstanding at the same time;
provided that there shall not at any time be more than a total of six (6) Eurodollar Revolving Borrowings outstanding. 
  
 (d) Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or
continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date. 
  
 SECTION 2.04. Requests for Revolving Borrowings. To request a Revolving Borrowing, the Borrower shall notify the Administrative Agent of such
request either in writing (delivered by hand or facsimile) in a form approved by the Administrative Agent and signed by the Borrower or by telephone (a) in the case of a Eurodollar Borrowing, not later than 12:00 p.m., Chicago time, three
Business Days before the date of the proposed Borrowing or (b) in the case of an ABR Borrowing, not later than 12:00 p.m., Chicago time, on the date of the proposed Borrowing. Each such telephonic Borrowing Request shall be irrevocable and
shall be confirmed promptly by hand delivery or facsimile to the Administrative Agent of a written Borrowing Request in a form approved by the Administrative Agent and signed by the Borrower. Each such telephonic and written Borrowing Request shall
specify the following information in compliance with Section 2.02: 
  
 (1) the aggregate amount of the requested Borrowing and a breakdown of the separate wires comprising such Borrowing; 
  
 (2) the date of such Borrowing, which shall be a Business Day; 
  
 (3) whether such Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; and 
  
 (4) in the case of a Eurodollar Borrowing, the initial
Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term “Interest Period.” 
  
 If no election as to the Type of Revolving Borrowing is specified, then the requested Revolving Borrowing shall be an ABR Borrowing. If no Interest Period is specified
with respect to any requested Eurodollar Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a Borrowing Request in accordance with this Section, the
Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing. 
  

SECTION 2.05. Protective Advances. (a) Subject to the limitations set forth below, the Administrative Agent is authorized by the Borrower
and the Lenders, from time to time in the 
  

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 Administrative Agent’s sole discretion (but shall have absolutely no obligation to), to make Loans to the Borrower,
on behalf of all Lenders, which the Administrative Agent, in its Permitted Discretion, deems necessary or desirable (i) to preserve or protect the Collateral, or any portion thereof, (ii) to enhance the likelihood of, or maximize the
amount of, repayment of the Loans and other Obligations, or (iii) to pay any other amount chargeable to or required to be paid by the Borrower pursuant to the terms of this Agreement, including payments of principal, interest, LC Disbursements,
fees, premiums, reimbursable expenses (including costs, fees, and expenses as described in Section 9.03) and other sums payable under the Loan Documents (any of such Loans are herein referred to as “Protective Advances”),
provided that no Protective Advance shall cause the Aggregate Credit Exposure to exceed the Aggregate Commitment; provided, further, that, the aggregate amount of Protective Advances outstanding at any time, which were made pursuant to
clauses (i) and (ii) above, shall not at any time exceed $30,000,000. Protective Advances may be made even if the conditions precedent set forth in Section 4.02 have not been satisfied. The Protective Advances shall be secured by the
Liens in favor of the Administrative Agent in and to the Collateral and shall constitute Obligations hereunder. All Protective Advances shall be ABR Borrowings. The Administrative Agent’s authorization to make Protective Advances may be revoked
at any time by the Required Lenders. Any such revocation must be in writing and shall become effective prospectively upon the Administrative Agent’s receipt thereof. At any time that there is sufficient Availability and the conditions precedent
set forth in Section 4.02 have been satisfied, the Administrative Agent may request the Revolving Lenders to make a Revolving Loan to repay a Protective Advance. At any other time the Administrative Agent may require the Lenders to fund their
risk participations described in Section 2.05(b). 
  
 (b) Upon the making of a Protective Advance by the Administrative Agent (whether before or after the occurrence of a Default), each Lender shall be deemed, without further action by any party hereto, to have unconditionally and irrevocably
purchased from the Administrative Agent without recourse or warranty, an undivided interest and participation in such Protective Advance in proportion to its Applicable Percentage of the Aggregate Commitment. From and after the date, if any, on
which any Lender is required to fund its participation in any Protective Advance purchased hereunder, the Administrative Agent shall promptly distribute to such Lender, such Lender’s Applicable Percentage of all payments of principal and
interest and all proceeds of Collateral received by the Administrative Agent in respect of such Protective Advance. 
  
 SECTION 2.06. Swingline Loans. (a) Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make Swingline
Loans to the Borrower from time to time during the Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $35,000,000 or
(ii) the Aggregate Credit Exposure exceeding the lesser of (x) the Aggregate Revolving Commitment of the Revolving Lenders or (y) the Borrowing Base; provided that the Swingline Lender shall not be required to make a Swingline
Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Swingline Loans. To request a Swingline Loan, the Borrower shall
notify the Administrative Agent of such request by telephone (confirmed by facsimile), not later than 12:00 p.m., Chicago time, on the day of a proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the requested date
(which shall be a Business Day) and amount of the requested Swingline Loan. The Administrative Agent will promptly advise the Swingline Lender of any such notice received from the Borrower. The Swingline Lender shall make each Swingline Loan
available to the Borrower by means of a credit to the Funding Account (or, in the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in Section 2.07(e), by remittance to the applicable Issuing Bank, and
in the case of repayment of another Loan or fees or expenses as provided by Section 2.19(c), by remittance to the Administrative Agent to be distributed to the Lenders) by 2:00 p.m., Chicago time, on the requested date of such Swingline
Loan. 
  

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 (b) The Swingline Lender may by written notice given to the Administrative Agent not
later than 9:00 a.m., Chicago time, on any Business Day require the Revolving Lenders to acquire participations on such Business Day in all or a portion of the Swingline Loans outstanding in accordance with their respective Applicable Percentages.
Such notice shall specify the aggregate amount of Swingline Loans in which Revolving Lenders will participate. Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each Revolving Lender, specifying in such
notice such Lender’s Applicable Percentage of such Swingline Loan or Loans. Each Revolving Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Administrative Agent, for the account of the
Swingline Lender, such Lender’s Applicable Percentage of such Swingline Loan or Loans. Each Revolving Lender acknowledges and agrees that its obligation to acquire participations in Swingline Loans pursuant to this paragraph is absolute and
unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of an Event of Default or reduction or termination of the Commitments, and that each such payment shall be made without any offset,
abatement, withholding or reduction whatsoever. Each Revolving Lender shall comply with its obligation under this paragraph by wire transfer of immediately available funds, in the same manner as provided in Section 2.08 with respect to Loans
made by such Lender (and Section 2.08 shall apply, mutatis mutandis, to the payment obligations of the Lenders), and the Administrative Agent shall promptly pay to the Swingline Lender the amounts so received by it from the
Revolving Lenders. The Administrative Agent shall notify the Borrower of any participations in any Swingline Loan acquired pursuant to this paragraph, and thereafter payments in respect of such Swingline Loan shall be made to the Administrative
Agent and not to the Swingline Lender. Any amounts received by the Swingline Lender from the Borrower (or other party on behalf of the Borrower) in respect of a Swingline Loan after receipt by the Swingline Lender of the proceeds of a sale of
participations therein shall be promptly remitted to the Administrative Agent; any such amounts received by the Administrative Agent shall be promptly remitted by the Administrative Agent to the Revolving Lenders that shall have made their payments
pursuant to this paragraph and to the Swingline Lender, as their interests may appear; provided that any such payment so remitted shall be repaid to the Swingline Lender or to the Administrative Agent, as applicable, if and to the extent such
payment is required to be refunded to the Borrower for any reason. The purchase of participations in a Swingline Loan pursuant to this paragraph shall not relieve the Borrower of any default in the payment thereof. 
  
 SECTION 2.07. Letters of Credit. (a) General. Subject to
the terms and conditions set forth herein, the Borrower, may request the issuance of Letters of Credit for its own account, in a form reasonably acceptable to the Administrative Agent and applicable Issuing Bank, at any time and from time to time
during the Availability Period. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by the Borrower to, or entered
into by the Borrower with, any Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control. 
  
 (b) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request the issuance of a Letter of Credit (or the
amendment, renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or 
  

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 facsimile (or transmit by electronic communication, if arrangements for doing so have been approved by
the applicable Issuing Bank) to the applicable Issuing Bank and the Administrative Agent prior to 9:00 am, Chicago time, at least three Business Days prior to the requested date of issuance, amendment, renewal or extension, or such lesser prior
notice as may be acceptable to the applicable Issuing Bank) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or
extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and
such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by an Issuing Bank, the Borrower also shall submit a letter of credit application on such Issuing Bank’s standard form in
connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit, Borrower shall be deemed to represent and
warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed at any time the greater of (A) $150,000,000 and (B) 25% of the Aggregate Revolving Commitment at such time,
(ii) the total Revolving Credit Exposures shall not exceed the lesser of (x) the Aggregate Revolving Commitment of the Revolving Lenders or (y) the Borrowing Base and (iii) such requested Letter of Credit is satisfactory to the
applicable Issuing Bank and the Administrative Agent. 
  
 (c) Expiration Date. Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date one year after the date of the issuance of such Letter of Credit (or, in the case of any renewal or
extension thereof, one year after such renewal or extension), 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 (ii) below), and (ii) the date that is five Business Days prior to the Maturity Date (unless at least 30 days prior to the Maturity Date, the Borrower deposits in the LC Collateral Account an amount in cash equal to 103% of the
amount of such Letter of Credit, to be held by the Administrative Agent as cash collateral for the LC Exposure with respect to such Letter of Credit). 
  
 (d) Participations. By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof) and
without any further action on the part of the applicable Issuing Bank or the Revolving Lenders, such Issuing Bank hereby grants to each Revolving Lender, and each Revolving Lender hereby acquires from such Issuing Bank, a participation in such
Letter of Credit equal to such Lender’s Applicable Percentage of the aggregate amount available to be drawn under such Letter of Credit. In consideration and in furtherance of the foregoing, each Revolving Lender hereby absolutely and
unconditionally agrees to pay to the Administrative Agent, for the account of the applicable Issuing Bank, such Lender’s Applicable Percentage of each LC Disbursement made by the applicable Issuing Bank and not reimbursed by the Borrower on the
date due as provided in paragraph (e) of this Section, or of any reimbursement payment required to be refunded to the Borrower for any reason. Each Revolving Lender acknowledges and agrees that its obligation to acquire participations pursuant
to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a
Default or reduction or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. 
  

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 (e) Reimbursement. If an Issuing Bank shall make any LC Disbursement in respect of
a Letter of Credit, the Borrower shall reimburse such LC Disbursement by paying to the Administrative Agent an amount equal to such LC Disbursement not later than 11:00 a.m., Chicago time, on the date that such LC Disbursement is made, if the
Borrower shall have received notice of such LC Disbursement prior to 9:00 a.m., Chicago time, on such date, or, if such notice has not been received by the Borrower prior to such time on such date, then not later than 11:00 a.m., Chicago time, on
(i) the Business Day that the Borrower receives such notice, if such notice is received prior to 9:00 a.m., Chicago time, on such day, or (ii) the Business Day immediately following the day that the Borrower receives such notice, if such
notice is not received prior to such time on the day of receipt; provided that the Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.04 that such payment be financed with an ABR
Borrowing or Swingline Loan in an equivalent amount and, to the extent so financed, the Borrower’s obligation to make such payment shall be discharged and replaced by the resulting ABR Borrowing or Swingline Loan. If the Borrower fails to make
such payment when due, the Administrative Agent shall notify each Revolving Lender of the applicable LC Disbursement, the payment then due from the Borrower in respect thereof and such Lender’s Applicable Percentage thereof. Promptly following
receipt of such notice, each Revolving Lender shall pay to the Administrative Agent its Applicable Percentage of the payment then due from the Borrower, in the same manner as provided in Section 2.08 with respect to Loans made by such Lender
(and Section 2.08 shall apply, mutatis mutandis, to the payment obligations of the Revolving Lenders), and the Administrative Agent shall promptly pay to the applicable Issuing Bank the amounts so received by it from the Revolving
Lenders. Promptly following receipt by the Administrative Agent of any payment from the Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent that Revolving
Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Lenders and the applicable Issuing Bank as their interests may appear. Any payment made by a Revolving Lender pursuant to this paragraph to reimburse
such Issuing Bank for any LC Disbursement (other than the funding of ABR Loans or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement. 

 
 (f) Obligations Absolute. The Borrower’s
obligation to reimburse LC Disbursements as provided in paragraph (e) of this Section shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all
circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any Letter of Credit or this Agreement, or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit
proving to be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by an Issuing Bank under a Letter of Credit against presentation of a draft or other document that does
not comply with the terms of such Letter of Credit, or (iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section, constitute a legal or equitable
discharge of, or provide a right of setoff against, the Borrower’s obligations hereunder. Neither the Administrative Agent, the Revolving Lenders nor the Issuing Banks, nor any of their Related Parties, 
  

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 shall have any liability or responsibility by reason of or in connection with the issuance or transfer of
any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any
draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond the control
of the Issuing Banks; provided that the foregoing shall not be construed to excuse an Issuing Bank from liability to the Borrower to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby
waived by Borrower to the extent permitted by applicable law) suffered by the Borrower that are caused by (i) an Issuing Bank’s failure to exercise care when determining whether drafts and other documents presented under a Letter of Credit
comply with the terms thereof or (ii) an Issuing Bank’s failure to pay under any Letter of Credit issued by it after presentation to it of a request strictly complying with the terms and conditions of such Letter of Credit. The parties
hereto expressly agree that, in the absence of gross negligence or willful misconduct on the part of an Issuing Bank, an Issuing Bank shall be deemed to have exercised care in each such determination. In furtherance of the foregoing and without
limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be in substantial compliance with the terms of a Letter of Credit, an Issuing Bank may, in its sole discretion, either accept
and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and refuse to make payment upon such documents if such documents are not in strict
compliance with the terms of such Letter of Credit. 
  
 (g) Disbursement Procedures. Each Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit issued by such Issuing Bank. Such Issuing Bank
shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by facsimile) of such demand for payment and whether such Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to
give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the Revolving Lenders with respect to any such LC Disbursement. 
  
 (h) Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the Borrower
shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower
reimburse such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.14(d)
shall apply. Interest accrued pursuant to this paragraph shall be for the account of such Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse
an Issuing Bank shall be for the account of such Lender to the extent of such payment. 
  
 (i) Replacement of the Issuing Bank. The Issuing Bank may be replaced at any time by written agreement among the Borrower, the
Administrative Agent, the replaced Issuing Bank and the successor Issuing Bank. The Administrative Agent shall notify the Revolving Lenders of any such replacement of an Issuing Bank. At the time 
  

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 any such replacement shall become effective, the Borrower shall pay all unpaid fees accrued for the
account of the replaced Issuing Bank pursuant to Section 2.13(b). From and after the effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights and obligations of an Issuing Bank under this Agreement
with respect to Letters of Credit to be issued thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Bank, or to such successor and all previous Issuing
Banks, as the context shall require. After the replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with
respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit. 
  
 (j) Cash Collateralization. (1) If (A) any Event of Default shall occur and be continuing, on the Business Day that the
Borrower receives notice from the Administrative Agent or the Required Lenders demanding the deposit of cash collateral pursuant to this paragraph or (B) required under Section 2.07(c)(ii), the Borrower shall deposit in an account with the
Administrative Agent, in the name of the Administrative Agent and for the benefit of the Revolving Lenders (the “LC Collateral Account”), an amount in cash equal to 103% of the LC Shortfall Amount as of such date (or, in the case of
any deposit required under Section 2.07(c)(ii), 103% of the amount of the applicable Letter of Credit); provided that the obligation to deposit such cash collateral shall become effective immediately, and such deposit shall become
immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the Borrower described in clause (h) or (i) of Article VII. Such deposit shall be held by the
Administrative Agent as collateral for the payment and performance of the Secured Obligations. The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account the Borrower hereby
grants the Administrative Agent a security interest in the LC Collateral Account. Other than any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the Administrative Agent and at
the Borrower’s risk and expense, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the Administrative Agent to reimburse the
Issuing Banks for LC Disbursements for which they have not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure at such time or, if the maturity of
the Loans has been accelerated, be applied to satisfy other Secured Obligations. If the Borrower is required to provide an amount of cash collateral hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not
applied as aforesaid) shall be returned to the Borrower within three Business Days after all such Defaults have been cured or waived, unless needed to satisfy Section 2.07(j)(2)(ii). 
  
 (2) If, notwithstanding the provisions of this Section 2.07, any Letter of Credit is outstanding on the Maturity Date,
then on such date the Borrower shall deposit with the Administrative Agent, for the benefit of the Administrative Agent and the Revolving Lenders, with respect to all LC Exposure, as the Administrative Agent in its discretion shall specify, either
(i) a Supporting Letter of Credit (under which the Administrative Agent is entitled to draw amounts necessary to reimburse the Issuing Bank for LC Disbursements for which it has not been reimbursed and any fees and expenses associated with such
outstanding Letter of Credit), or (ii) cash, in immediately available funds, in an amount equal to 103% of the LC Shortfall Amount to be held in the LC Collateral Account. Such 
  

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 Supporting Letter of Credit or deposit of cash shall be held by the Administrative Agent, for the benefit of the
Administrative Agent and the Revolving Lenders, as collateral for the payment and performance of the obligations of the Borrower under any such Letter of Credit remaining outstanding. 
  
 SECTION 2.08. Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the
proposed date thereof by wire transfer of immediately available funds by 2:00 p.m., Chicago time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders in an amount equal to such
Lender’s Applicable Percentage; provided that, Swingline Loans shall be made as provided in Section 2.06. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like
funds, to the Funding Account; provided that ABR Loans made to finance the reimbursement of (i) an LC Disbursement as provided in Section 2.07(e) shall be remitted by the Administrative Agent to an Issuing Bank and (ii) a
Protective Advance shall be retained by the Administrative Agent. 
  
 (b) Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of
such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with paragraph (a) of this Section and may, in reliance upon such assumption, make available to the Borrower a
corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent (a “Defaulting Lender”), then the applicable Lender and the Borrower severally agree
to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative
Agent, at (i) in the case of such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation or (ii) in the case of the
Borrower, the interest rate applicable to ABR Loans. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing. The Administrative Agent shall not be obligated
to transfer to a Defaulting Lender any payments made by the Borrower to the Administrative Agent for the Defaulting Lender’s benefit, and, in the absence of such transfer to the Defaulting Lender, the Administrative Agent shall transfer any
such payments to each other non-Defaulting Lender ratably in accordance with their Applicable Percentage of the Commitments (but only to the extent that such Defaulting Lender’s Borrowing was funded by the other Lenders) or, if so directed by
the Borrower and if no Default has occurred and is continuing (and to the extent such Defaulting Lender’s Borrowing was not funded by the other Lenders), retain the same to be re-advanced to the Borrower as if such Defaulting Lender had made
Loans to the Borrower. Subject to the foregoing, the Administrative Agent may hold and, in its Permitted Discretion, setoff such Defaulting Lender’s funding shortfall against that Defaulting Lender’s Applicable Percentage of all payments
received from the Borrower or re-lend to the Borrower for the account of such Defaulting Lender the amount of all such payments received and retained by the Administrative Agent for the account of such Defaulting Lender. Until a Defaulting Lender
cures its failure to fund its Applicable Percentage of any Borrowing (i) solely for the purposes of voting or consenting to matters with respect to the Loan Documents, such Defaulting Lender shall be deemed not to be a “Lender” and
such Defaulting Lender’s Commitment shall be deemed to be zero, (ii) such Defaulting Lender shall not be entitled to any portion of the commitment fee and (iii) the commitment fee shall accrue in favor of the Lenders 
  

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 which have funded their respective Applicable Percentages of such requested Borrowing and shall be
allocated among such non-Defaulting Lenders ratably based on their Applicable Percentage of the Commitments. This Section shall remain effective with respect to such Defaulting Lender until (x) the Obligations under this Agreement shall
have been declared or shall have become immediately due and payable, (y) the non-Defaulting Lenders, the Administrative Agent, and the Borrower shall have waived such Defaulting Lender’s default in writing, or (z) the Defaulting
Lender makes its Applicable Percentage of the applicable Borrowing and pays to Administrative Agent all amounts owing by the Defaulting Lender in respect thereof. The operation of this Section shall not be construed to increase or otherwise
affect the Commitment of any Lender, to relieve or excuse the performance by such Defaulting Lender or any other Lender of its duties and obligations hereunder, or to relieve or excuse the performance by the Borrower of its duties and obligations
hereunder. 
  
 SECTION 2.09. Interest Elections.
(a) Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurodollar Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the Borrower
may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurodollar Borrowing, may elect Interest Periods therefor, all as provided in this Section. The Borrower may elect different options with
respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a
separate Borrowing. This Section shall not apply to Swingline Borrowings or Protective Advances, which may not be converted or continued. 
  
 (b) To make an election pursuant to this Section, the Borrower shall notify the Administrative Agent of such election by telephone by the
time that a Borrowing Request would be required under Section 2.04 if the Borrower were requesting a Borrowing of the Type resulting from such election to be made on the effective date of such election. Each such telephonic Interest Election
Request shall be irrevocable and shall be confirmed promptly by hand delivery or facsimile to the Administrative Agent of a written Interest Election Request in a form approved by the Administrative Agent and signed by the Borrower. 
  
 (c) Each telephonic and written Interest Election Request
shall specify the following information in compliance with Section 2.03: 
  
 (1) the Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting
Borrowing (in which case the information to be specified pursuant to clauses (3) and (4) below shall be specified for each resulting Borrowing); 
  
 (2) the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day; 
  
 (3) whether the resulting Borrowing is to be an ABR
Borrowing or a Eurodollar Borrowing; and 
  
 (4)
if the resulting Borrowing is a Eurodollar Borrowing, the Interest Period to be applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period”. 
  

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 If any such Interest Election Request requests a Eurodollar Borrowing but does not specify an Interest
Period, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. 
  
 (d) Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each Lender of the details thereof
and of such Lender’s portion of each resulting Borrowing. 
  
 (e) If the Borrower fails to deliver a timely Interest Election Request with respect to a Eurodollar Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as
provided herein, at the end of such Interest Period such Borrowing shall be converted to an ABR Borrowing. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the
request of the Required Lenders, so notifies the Borrower, then, so long as an Event of Default is continuing (i) no outstanding Revolving Borrowing may be converted to or continued as a Eurodollar Borrowing and (ii) unless repaid, each
Eurodollar Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto. 
  
 SECTION 2.10. Termination and Reduction of Commitments. (a) Unless previously terminated, the Commitments shall terminate on the Maturity
Date. 
  
 (b) The Borrower may at any time
terminate the Commitments upon (i) the payment in full of all outstanding Loans, together with accrued and unpaid interest thereon, (ii) the cancellation and return of all outstanding Letters of Credit (or alternatively, with respect to
each such Letter of Credit, the furnishing to the Administrative Agent of a cash deposit or Supporting Letter of Credit as required by Section 2.07(j)(2)(ii)), (iii) the payment in full of the accrued and unpaid fees, including the
applicable Prepayment Fee (if any), and (iv) the payment in full of all reimbursable expenses and other Obligations together with accrued and unpaid interest thereon. No Prepayment Fee shall be payable in the event this Agreement is terminated
in connection with (x) a refinancing of the Obligations in a transaction in which both Chase (or one of its Affiliates that is a banking institution) and Citicorp USA, Inc. (or one of its Affiliates that is a banking institution) provide or
arrange a replacement bank credit facility for the Borrower or (y) the sale, in a single transaction or a series of related transactions, to a third party which is not an Affiliate of the Borrower or any of its Subsidiaries of all or
substantially all of the (1) outstanding Equity Interests in the Borrower or (2) consolidated assets of the Borrower. 
  
 (c) The Borrower may from time to time reduce, the Revolving Commitments; provided that (i) each reduction of the Revolving
Commitments shall be in an amount that is an integral multiple of $10,000,000 and not less than $50,000,000 and (ii) the Borrower shall not reduce the Revolving Commitments if, after giving effect to any concurrent prepayment of the Revolving
Loans in accordance with Section 2.11, the sum of the Revolving Credit Exposures would exceed the lesser of (x) the Aggregate Revolving Commitment or (y) the Borrowing Base. 
  
 (d) The Borrower shall notify the Administrative Agent of
any election to terminate or reduce the Commitments under paragraph (b) or (c) of this Section at least five Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date
thereof. Promptly following receipt of 
  

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 any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice
delivered by the Borrower pursuant to this Section shall be irrevocable; provided that a notice of termination of the Commitments delivered by the Borrower may state that such notice is conditioned upon the effectiveness of other credit
facilities, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Commitments shall be
permanent. Each reduction of the Commitments shall be made ratably among the Lenders in accordance with their respective Commitments. 
  
 SECTION 2.11. Repayment of Loans; Evidence of Debt. (a) The Borrower hereby unconditionally promises to pay (i) to the Administrative
Agent for the account of each Lender the then unpaid principal amount of each Revolving Loan on the Maturity Date, and (ii) to the Administrative Agent the then unpaid amount of each Protective Advance on the earlier of the Maturity Date and
demand by the Administrative Agent, and (iii) to the Swingline Lender the then unpaid principal amount of each Swingline Loan on the earlier of the Maturity Date and the first date after such Swingline Loan is made that is the 15th or last day
of a calendar month and is at least two (2) Business Days after such Swingline Loan is made; provided that on each date that a Revolving Loan is made, the Borrower shall repay all Swingline Loans then outstanding. All unpaid Obligations
shall be paid in full in cash by the Borrower on the Maturity Date. 
  
 (b) At all times that cash dominion is in effect pursuant to Section 7.1 of the Security Agreement, each Business Day, at or before 11:00 a.m., Chicago time, the Administrative Agent shall apply all immediately
available funds credited to the Collection Account first to prepay any Protective Advances that may be outstanding, pro rata, and second to prepay the Revolving Loans (including Swingline Loans with such prepayments being first applied
to any outstanding ABR Loans prior to being applied to outstanding Eurodollar Loans). 
  
 (c) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower to
such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder. 
  
 (d) The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each
Loan made hereunder, the Class and Type thereof and the Interest Period applicable thereto, (ii) the amount of any principal or interest 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 for the account of the Lenders and each Lender’s share thereof. 
  
 (e) The entries made in the accounts maintained pursuant to paragraph (c) or (d) of this Section shall be prima facie
evidence of the existence and amounts of the obligations recorded therein; provided that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligation of the
Borrower to repay the Loans in accordance with the terms of this Agreement. 
  
 (f) Any Lender may request that Loans made by it be evidenced by a promissory note. In such event, the Borrower shall prepare, execute and deliver, to such Lender a promissory note payable to the order of such Lender
(or, if requested by 
  

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 such Lender, to such Lender and its registered assigns) and in a form approved by the Administrative
Agent. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 9.04) be represented by one or more promissory notes in such form payable to the order of the
payee named therein (or, if such promissory note is a registered note, to such payee and its registered assigns) except to the extent that any such Lender subsequently returns any such promissory note for cancellation and requests that such Loans
once again be evidenced as described in paragraphs (c) and (d) above. 
  
 SECTION 2.12. Prepayment of Loans. (a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with paragraph
(d) of this Section. 
  
 (b) (1) The
Borrower shall immediately repay the Revolving Loans, LC Exposure and/or Swingline Loans if at any time the total Revolving Credit Exposure of all Revolving Lenders exceeds the lesser of (A) the total Revolving Commitments and (B) the
Borrowing Base, to the extent required to eliminate such excess. 
  
 (2) Immediately upon receipt by any Loan Party of the Net Cash Proceeds of any asset disposition (other than (i) sales of inventory or obsolete or worn out property in the ordinary course of business and (ii) any asset disposition
or series of related asset dispositions resulting in Net Cash Proceeds of less than $5,000,000) at a time that cash dominion is in effect pursuant to Section 7.1 of the Security Agreement, the Borrower shall prepay the Obligations in an amount
equal to 100% of such Net Cash Proceeds as set forth in paragraph (d) below. 
  
 (3) If Borrower issues Equity Interests or any Loan Party issues Indebtedness (other than Indebtedness permitted by Section 6.01) at a time that cash dominion is in effect pursuant to Section 7.1 of the
Security Agreement, the Borrower shall prepay the Obligations in an amount equal to 100% of the Net Cash Proceeds of such issuance no later than the Business Day following the date of receipt of such Net Cash Proceeds as set forth in paragraph
(d) below. 
  
 (4) Any insurance or condemnation proceeds to
be applied to the Obligations in accordance with Section 5.09 shall be applied as set forth in clause (d) below. 
  
 (5) Nothing in this Section shall be construed to constitute Administrative Agent’s or any Lender’s consent to any transaction that is not
permitted by other provisions of this Agreement or the other Loan Documents. 
  
 (c) Within five (5) Business Days following the consummation of the Whirlpool Sale, the Borrower shall prepay the Obligations in full and the Commitments shall thereupon terminate. 
  
 (d) All such amounts pursuant to Section 2.12(b)(2),
(3), (4) and (5) shall be applied, first to prepay any Protective Advances that may be outstanding, pro rata and, second to prepay the Revolving Loans (including Swing Line Loans) without a corresponding reduction in the
Revolving Commitments, with such prepayments being first applied to any outstanding ABR Loans prior to being applied to outstanding Eurodollar Loans. 
  
 (e) The Borrower shall notify the Administrative Agent (and, in the case of prepayment of a Swingline Loan, the Swingline Lender) by
telephone (confirmed by 
  

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 facsimile) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not
later than 10:00 a.m., Chicago time, three Business Days before the date of prepayment, (ii) in the case of prepayment of an ABR Borrowing, not later than 10:00 a.m., Chicago time, on the date of prepayment or (iii) in the case of
prepayment of a Swingline Loan, not later than 11:00 a.m., Chicago time, on the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be
prepaid; provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Commitments as contemplated by Section 2.10, then such notice of prepayment may be revoked if such notice of
termination is revoked in accordance with Section 2.10. Promptly following receipt of any such notice relating to a Revolving Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any
Revolving Borrowing shall be in an amount that would be permitted in the case of an advance of a Revolving Borrowing of the same Type as provided in Section 2.03. Each prepayment of a Revolving Borrowing shall be applied ratably to the
Revolving Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.14. 
  
 SECTION 2.13. Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee, which shall
accrue at the Applicable Rate on the average daily amount of the Available Revolving Commitment of such Lender during the period from and including the Effective Date to but excluding the date on which the Lenders’ Revolving Commitments
terminate. Accrued commitment fees shall be payable in arrears on the last day of each calendar month and on the date on which the Revolving Commitments terminate, commencing on the first such date to occur after the date hereof. All commitment fees
shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 
  
 (b) The Borrower agrees to pay (i) to the Administrative Agent for the account of each Revolving Lender
a participation fee with respect to its participations in Letters of Credit, which shall accrue at the same Applicable Rate used to determine the interest rate applicable to Eurodollar Loans on the average daily amount of such Lender’s LC
Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Effective Date to but excluding the later of the date on which such Lender’s Revolving Commitment terminates and the
date on which such Revolving Lender ceases to have any LC Exposure, and (ii) to the Issuing Banks a fronting fee, which shall accrue at the rate of one-eighth of one percent (0.125%) per annum on the average daily amount of the LC Exposure
(excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Effective Date to but excluding the later of the date of termination of the Revolving Commitments and the date on which there
ceases to be any LC Exposure, as well as each Issuing Bank’s standard fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. Participation fees and fronting fees accrued
through and including the last day of each calendar month shall be payable on the third Business Day following such last day, commencing on the first such date to occur after the Effective Date; provided that all such fees shall be payable on
the date on which the Revolving Commitments terminate and any such fees accruing after the date on which the Commitments terminate shall be payable on demand. Any other fees payable to the Issuing Banks pursuant to this paragraph shall be payable
within 10 days after demand. All participation fees and fronting fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 

 

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 (c) The Borrower agrees to pay to the Administrative Agent, for its own account, fees
payable in the amounts and at the times separately agreed upon between the Borrower, the Administrative Agent and the Co-Lead Arrangers. 
  
 (d) All fees payable hereunder shall be paid on the dates due, in immediately available funds, to the Administrative Agent (or to an
Issuing Bank, in the case of fees payable to it) for distribution, in the case of commitment fees and participation fees, to the Lenders. Fees paid shall not be refundable under any circumstances. 
  
 SECTION 2.14. Interest. (a) The Loans comprising each
ABR Borrowing (including each Swingline Loan) shall bear interest at the Alternate Base Rate plus the Applicable Rate. 
  
 (b) The Loans comprising each Eurodollar Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect for
such Borrowing plus the Applicable Rate. 
  
 (c) Each Protective Advance shall bear interest at the Alternate Base Rate plus the Applicable Rate for Revolving Loans plus 2%. 
  
 (d) Notwithstanding the foregoing, during the occurrence and continuance of an Event of Default, the
Administrative Agent or the Required Lenders may, at their option, by notice to the Borrower (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 9.02 requiring the consent of “each
Lender affected thereby” for reductions in interest rates), declare that (i) all Loans shall bear interest at 2% plus the rate otherwise applicable to such Loans as provided in the preceding paragraphs of this Section or (ii) in the
case of any other amount outstanding hereunder, such amount shall accrue at 2% plus the rate applicable to such fee or other obligation as provided hereunder. 
  

(e) Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and upon termination of the
Commitments; provided that (i) interest accrued pursuant to paragraph (d) of this Section shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than a prepayment of an ABR Loan prior to
the end of the Availability Period), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion of any Eurodollar Revolving Loan prior to the
end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion. 
  
 (f) All interest hereunder shall be computed on the basis of a year of 360 days, except that interest computed by reference to the
Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed
(including the first day but excluding the last day). The applicable Alternate Base Rate, Adjusted LIBO Rate or LIBO Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error. 

 

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 SECTION 2.15. SECTION 2.15. Alternate Rate of Interest. If prior to the commencement of any
Interest Period for a Eurodollar Borrowing: 
  
 (a) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such
Interest Period; or 
  
 (b) the Administrative
Agent is advised by the Required Lenders that the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest Period will not adequately and fairly reflect the cost to such Lenders (or Lender) of making or maintaining their Loans (or its
Loan) included in such Borrowing for such Interest Period; 
  
 then the
Administrative Agent shall give notice thereof to the Borrower and the Lenders by telephone or facsimile as promptly as practicable thereafter and, until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving
rise to such notice no longer exist, (i) any Interest Election Request that requests the conversion of any Revolving Borrowing to, or continuation of any Revolving Borrowing as, a Eurodollar Borrowing shall be ineffective, and (ii) if any
Borrowing Request requests a Eurodollar Borrowing, such Borrowing shall be made as an ABR Borrowing. 
  
 Each Lender shall give notice to the Administrative Agent by telephone or telecopy as promptly as practicable after determining that the circumstances referred to in paragraph (b) above applicable to such Lender
no longer exist, and the Administrative Agent shall give notice to the Borrower and the Lenders by telephone or telecopy as promptly as practicable after the Administrative Agent determines (which determination shall be conclusive absent manifest
error) that the circumstances giving rise to any notice given by the Administrative Agent pursuant to the preceding sentence no longer exist. 
  
 SECTION 2.16. SECTION 2.16. Increased Costs. (a) If any Change in Law shall: 
  
 (1) impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of,
deposits with or for the account of, or credit extended by, any Lender (except any such reserve requirement reflected in the Adjusted LIBO Rate) or any Issuing Bank; or 
  
 (2) impose on any Lender or any Issuing Bank or the London interbank market any other condition affecting
this Agreement or Eurodollar Loans made by such Lender or any Letter of Credit or participation therein; 
  
 and the result of any of the foregoing shall be to increase (by an amount deemed by such Lender or Issuing Bank to be material) the cost to such Lender of making or maintaining any Eurodollar Loan (or of maintaining
its obligation to make any such Loan) or to increase (by an amount deemed by such Lender or Issuing Bank to be material) the cost to such Lender or such Issuing Bank of participating in, issuing or maintaining any Letter of Credit or to reduce (by
an amount deemed by such Lender or Issuing Bank to be material) the amount of any sum received or receivable by such Lender or such Issuing Bank hereunder (whether of principal, interest or otherwise), then the Borrower will pay to such Lender or
such Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or such Issuing Bank, as the case may be, for such additional costs incurred or reduction suffered. 
  
 (b) If any Lender or any Issuing Bank determines that any
Change in Law regarding capital requirements has or would have the effect of reducing (by an amount 
  

 41 








 deemed by such Lender or Issuing Bank to be material) the rate of return on such Lender’s or such
Issuing Bank’s capital or on the capital of such Lender’s or such Issuing Bank’s holding company, if any, as a consequence of this Agreement or the Loans made by, or participations in Letters of Credit held by, such Lender, or the
Letters of Credit issued by such Issuing Bank, to a level below that which such Lender or such Issuing Bank or such Lender’s or such Issuing Bank’s holding company could have achieved but for such Change in Law (taking into consideration
such Lender’s or such Issuing Bank’s policies and the policies of such Lender’s or such Issuing Bank’s holding company with respect to capital adequacy), then from time to time the Borrower will pay to such Lender or such Issuing
Bank, as the case may be, such additional amount or amounts as will compensate such Lender or such Issuing Bank or such Lender’s or the Issuing Bank’s holding company for any such reduction suffered. 
  
 (c) A certificate of a Lender or an Issuing Bank setting
forth the amount or amounts necessary to compensate such Lender or such Issuing Bank or its holding company, as the case may be, as specified in paragraph (a) or (b) of this Section shall be delivered to the Borrower and shall be
conclusive absent manifest error. The Borrower shall pay such Lender or such Issuing Bank, as the case may be, the amount shown as due on any such certificate within 10 days after receipt thereof. 
  
 (d) Failure or delay on the part of any Lender or any
Issuing Bank to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s or such Issuing Bank’s right to demand such compensation; provided that the Borrower shall not be required to compensate a
Lender or an Issuing Bank pursuant to this Section for any increased costs or reductions incurred more than 180 days prior to the date that such Lender or such Issuing Bank, as the case may be, notifies the Borrower of the Change in Law giving rise
to such increased costs or reductions and of such Lender’s or such Issuing Bank’s intention to claim compensation therefor; provided, further, that, if the Change in Law giving rise to such increased costs or reductions is
retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof. 
  
 SECTION 2.17. Break Funding Payments. In the event of (a) the payment of any principal of any Eurodollar Loan prior to the last day of an
Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any Eurodollar Loan prior to the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or
prepay any Eurodollar Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice may be revoked under Section 2.10(d) and is revoked in accordance therewith), or (d) the assignment of any
Eurodollar Loan prior to the last day of the Interest Period applicable thereto as a result of a request by the Borrower pursuant to Section 2.20, then, in any such event, the Borrower shall compensate each Lender for the loss, cost and expense
attributable to such event. Such loss, cost or expense to any Lender shall be deemed to include an amount determined by such Lender to be the excess, if any, of (i) the amount of interest which would have accrued on the principal amount of such
Loan had such event not occurred, at the Adjusted LIBO Rate that would have been applicable to such Loan, for the period from the date of such event to the last day of the then current Interest Period therefor (or, in the case of a failure to
borrow, convert or continue, for the period that would have been the Interest Period for such Loan), over (ii) the amount of interest which would accrue on such principal amount for such period at the interest rate which such Lender would bid
were it to bid, at the commencement of such period, for dollar deposits of a comparable amount and period from other banks in the eurodollar market. A certificate of any Lender setting forth in reasonable detail any amount or amounts that such
Lender is entitled to receive pursuant to this Section shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt
thereof. 
  

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 SECTION 2.18. Taxes. (a) Any and all payments by or on account of any obligation of the
Borrower hereunder shall be made free and clear of and without deduction for any Indemnified Taxes or Other Taxes; provided that if the Borrower shall be required to deduct any Indemnified Taxes or Other Taxes from such payments, then
(i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent, Lender or Issuing Bank (as the case may
be) receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower shall make such deductions and (iii) the Borrower shall pay the full amount deducted to the relevant Governmental Authority
in accordance with applicable law. 
  
 (b) In
addition, the Borrower shall pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 
  
 (c) The Borrower shall indemnify the Administrative Agent, each Lender and each Issuing Bank, within 10 days after written demand
therefor, for the full amount of any Indemnified Taxes or Other Taxes paid by the Administrative Agent, such Lender or such Issuing Bank, as the case may be, on or with respect to any payment by or on account of any obligation of the Borrower
hereunder (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such
Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender or an Issuing Bank, or by the
Administrative Agent on its own behalf or on behalf of a Lender or an Issuing Bank, shall be conclusive absent manifest error. 
  
 (d) As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the Borrower to a Governmental Authority, the Borrower
shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably
satisfactory to the Administrative Agent. 
  
 (e)
Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax under the law of the jurisdiction in which the Borrower is located, or any treaty to which such jurisdiction is a party, with respect to payments under this
Agreement shall deliver to the Borrower (with a copy to the Administrative Agent), at the time or times prescribed by applicable law, such properly completed and executed documentation prescribed by applicable law or reasonably requested by the
Borrower as will permit such payments to be made without withholding or at a reduced rate. 
  
 (f) If the Administrative Agent or a Lender determines, in its sole discretion, that it has received a refund of any Taxes or Other Taxes
as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this Section 2.18 or to which a Loan Guarantor has paid additional amounts pursuant to Section 10.09, it
shall pay over such refund to the Borrower or such Loan Guarantor, as the case may be, (but only to the extent of indemnity 
  

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 payments made, or additional amounts paid, by the Borrower under this Section 2.18 or by a Loan
Guarantor under Section 10.09 with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the Administrative Agent or such Lender and without interest (other than any interest paid by the relevant
Governmental Authority with respect to such refund); provided, that the Borrower, or such Loan Guarantor, as the case may be, upon the request of the Administrative Agent or such Lender, agrees to repay the amount paid over to the Borrower or
such Loan Guarantor, as the case may be (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is
required to repay such refund to such Governmental Authority. This Section 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, any other Loan Party or any other Person. 
  
 SECTION 2.19. Payments Generally; Allocation of Proceeds; Sharing of Set-offs. (a) The Borrower shall make each payment required to be made by it hereunder (whether of principal, interest, fees or
reimbursement of LC Disbursements, or of amounts payable under Section 2.16, 2.17 or 2.18, or otherwise) prior to 11:00 a.m., Chicago time, on the date when due, in immediately available funds, without set-off or counterclaim. Any amounts
received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the
Administrative Agent at its offices at 120 South LaSalle Street, Chicago, Illinois, except payments to be made directly to an Issuing Bank or the Swingline Lender as expressly provided herein and except that payments pursuant to Sections 2.16, 2.17,
2.18 and 9.03 shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If
any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period
of such extension. All payments hereunder shall be made in dollars. Solely for purposes of determining the amount of Loans available for borrowing purposes, checks and cash or other immediately available funds from collections of items of payment
and proceeds of any Collateral shall be applied in whole or in part against the Obligations, on the day of receipt, subject to actual collection. 
  
 (b) Notwithstanding anything to the contrary in this Agreement, any proceeds of Collateral received by the Administrative Agent (or any
Secured Party) when an Event of Default has occurred and is continuing and the Administrative Agent so elects or the Required Lenders so direct shall be applied ratably first, to pay any fees, indemnities, or expense reimbursements including
amounts then due to the Administrative Agent and any Issuing Bank from the Borrower (other than in connection with Banking Services Obligations or Swap Obligations), second, to pay any fees or expense reimbursements then due to the Lenders
from the Borrower (other than in connection with Banking Services Obligations or Swap Obligations), third, to pay interest due in respect of the Protective Advances, fourth, to pay the principal of the Protective Advances,
fifth, to pay interest then due and payable on the Loans (other than the Protective Advances) ratably, sixth, to prepay principal on the Loans (other than the Protective Advances) and unreimbursed LC Disbursements ratably,
seventh, to pay an amount to the Administrative Agent equal to one hundred three percent (103%) of the aggregate undrawn face amount of all outstanding Letters of Credit and the aggregate amount of any unpaid LC Disbursements, to be held
as cash collateral for such Obligations, eighth, to payment of any amounts owing with respect to Banking 
  

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 Services Obligations and Swap Obligations, and ninth, to the payment of any other Secured
Obligation due to the Administrative Agent or any Lender by the Borrower. Notwithstanding anything to the contrary contained in this Agreement, unless so directed by the Borrower, or unless a Default is in existence, neither the Administrative Agent
nor any Lender shall apply any payment which it receives to any Eurodollar Loan of a Class, except (a) on the expiration date of the Interest Period applicable to any such Eurodollar Loan or (b) in the event, and only to the extent, that
there are no outstanding ABR Loans of the same Class and, in any event, the Borrower shall pay the break funding payment required in accordance with Section 2.17. The Administrative Agent and the Lenders shall have the continuing and exclusive
right to apply and reverse and reapply any and all such proceeds and payments to any portion of the Secured Obligations. 
  
 (c) At the election of the Administrative Agent, all payments of principal, interest, LC Disbursements, fees, premiums, reimbursable
expenses (including, without limitation, all reimbursement for fees and expenses pursuant to Section 9.03), and other sums payable under the Loan Documents, may be paid from the proceeds of Borrowings made hereunder whether made following a
request by the Borrower pursuant to Section 2.04 or a deemed request as provided in this Section or may be deducted from any deposit account of the Borrower maintained with the Administrative Agent. The Borrower hereby irrevocably authorizes
(i) the Administrative Agent to make a Borrowing for the purpose of paying each payment of principal, interest and fees as it becomes due hereunder or any other amount due under the Loan Documents and agrees that all such amounts charged shall
constitute Loans (including Swingline Loans and Protective Advances) and that all such Borrowings shall be deemed to have been requested pursuant to Sections 2.04, 2.05 or 2.06, as applicable and (ii) the Administrative Agent to charge any
deposit account of the Borrower maintained with the Administrative Agent for each payment of principal, interest and fees as it becomes due hereunder or any other amount due under the Loan Documents. 
  
 (d) If any Lender shall, by exercising any right of set-off
or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Loans or participations in LC Disbursements resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Loans
and participations in LC Disbursements and accrued interest thereon than the proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the Loans and
participations in LC Disbursements of other Lenders to the extent necessary so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their
respective Loans and participations in LC Disbursements; provided that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the
purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of this paragraph shall not be construed to apply to any payment made by the Borrower pursuant to and in accordance with the express terms of this
Agreement or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in LC Disbursements to any assignee or participant, other than to the Borrower or any Subsidiary or
Affiliate thereof (as to which the provisions of this paragraph shall apply). The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the
foregoing arrangements may 
  

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 exercise against the Borrower rights of set-off and counterclaim with respect to such participation as
fully as if such Lender were a direct creditor of the Borrower in the amount of such participation. 
  
 (e) Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the
Administrative Agent for the account of the Lenders or the Issuing Banks hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may,
in reliance upon such assumption, distribute to the Lenders or any Issuing Bank, as the case may be, the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders or the Issuing Banks, as the case may be,
severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or Issuing Banks with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the
date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 
  
 (f) If any Lender shall fail to make any payment required to
be made by it pursuant to Section 2.06, 2.07(d) or (e), 2.08(b), 2.19(e) or 9.03(c), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the
Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid. 
  
 SECTION 2.20. Mitigation Obligations; Replacement of Lenders. If any Lender requests compensation under
Section 2.16, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.18, then: 
  
 (a) such Lender shall use reasonable efforts to designate a
different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment
(i) would eliminate or reduce amounts payable pursuant to Section 2.16 or 2.18, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to
such Lender (and the Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment); 
  
 (b) the Borrower may, at its sole expense and effort, require such Lender or any Defaulting Lender (such
Lender or Defaulting Lender herein, a “Departing Lender”), upon notice to the Departing Lender and the Administrative Agent, to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in
Section 9.04), all its interests, rights and obligations under this Agreement to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that (i) the
Borrower shall have received the prior written consent of the Administrative Agent (and if a Revolving Commitment is being assigned, each Issuing Bank), which consent shall not unreasonably be withheld, (ii) the Departing Lender shall have
received payment of an amount equal to the outstanding principal of its Loans and participations in LC 
  

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 Disbursements and Swingline Loans, accrued interest thereon, accrued fees and all other amounts payable
to it hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts) and (iii) in the case of any such assignment resulting from a claim for
compensation under Section 2.16 or payments required to be made pursuant to Section 2.18, such assignment will result in a reduction in such compensation or payments. A Departing Lender shall not be required to make any such assignment and
delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply. 
  
 SECTION 2.21. Indemnity for Returned Payments. If after receipt of any payment which is applied to the payment of all
or any part of the Obligations, the Administrative Agent or any Lender is for any reason compelled to surrender such payment or proceeds to any Person because such payment or application of proceeds is invalidated, declared fraudulent, set aside,
determined to be void or voidable as a preference, impermissible setoff, or a diversion of trust funds, or for any other reason, then the Obligations or part thereof intended to be satisfied shall be revived and continued and this Agreement shall
continue in full force as if such payment or proceeds had not been received by the Administrative Agent or such Lender and the Borrower shall be liable to pay to the Administrative Agent and the Lenders, and the Borrower hereby indemnifies the
Administrative Agent and the Lenders and hold the Administrative Agent and the Lenders harmless for the amount of such payment or proceeds surrendered. The provisions of this Section 2.21 shall be and remain effective notwithstanding any
contrary action which may have been taken by the Administrative Agent or any Lender in reliance upon such payment or application of proceeds, and any such contrary action so taken shall be without prejudice to the Administrative Agent’s and the
Lenders’ rights under this Agreement and shall be deemed to have been conditioned upon such payment or application of proceeds having become final and irrevocable. The provisions of this Section 2.21 shall survive the termination of this
Agreement. 
  
 ARTICLE III 
  
 Representations and Warranties 
  
 Each Loan Party represents and warrants to the Administrative Agent, the
Lenders and the Issuing Banks that: 
  
 SECTION 3.01.
Organization; Powers. Each of the Loan Parties and each of its Subsidiaries is duly organized, validly existing and in good standing (to the extent such concept applies to such entity) under the laws of the jurisdiction of its organization,
has all requisite power and authority to carry on its business as now conducted and is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required, except where failure to be so qualified and in
good standing, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 
  
 SECTION 3.02. Authorization; Enforceability. The Transactions are within each Loan Party’s corporate (or other organization) powers and have
been duly authorized by all necessary corporate (or other organizational) and, if required, stockholder action. The Loan Documents to which each Loan Party is a party have been duly executed and delivered by such Loan Party and constitute a legal,
valid and binding obligation of such Loan Party, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general
principles of equity, regardless of whether considered in a proceeding in equity or at law. 
  

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 SECTION 3.03. Governmental Approvals; No Conflicts. The Transactions (a) do not require any
consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except such as have been obtained or made and are in full force and effect, filings necessary to perfect Liens created under the Loan Documents
and those the failure of which to make or obtain could not reasonably be expected to have a Material Adverse Effect, (b) will not violate any applicable law or regulation or the charter, by-laws or other organizational documents of any Loan
Party or any of its Subsidiaries or any order of any Governmental Authority, except as could not reasonably be expected to have a Material Adverse Effect, (c) will not violate or result in a default under any indenture, agreement or other
instrument binding upon any Loan Party or any of its Subsidiaries or its assets, or give rise to a right thereunder to require any payment to be made by any Loan Party or any of its Subsidiaries, except as could not reasonably be expected to have a
Material Adverse Effect, and (d) will not result in the creation or imposition of any Lien on any asset of any Loan Party or any of its Subsidiaries, except Liens created under the Loan Documents. 
  
 SECTION 3.04. Financial Condition; No Material Adverse Change.
(a) The Borrower has heretofore furnished to the Lenders its consolidated balance sheet and statements of income, stockholders equity and cash flows (i) as of and for the fiscal years ended January 3, 2004 and January 1, 2005,
reported on by Ernst & Young LLP, independent public accountants, and (ii) as of and for the fiscal quarter ended October 1, 2005, certified by its chief financial officer. Such financial statements present fairly, in all material
respects, the financial position and results of operations and cash flows of the Borrower and its consolidated Subsidiaries as of such dates and for such periods in accordance with GAAP, subject to year-end audit adjustments and the absence of
footnotes in the case of the statements referred to in clause (ii) above. 
  
 (b) As of the Effective Date, except as set forth in the Borrower’s Form 10-K for the fiscal year ended January 1, 2005, the
Borrower’s Form 10-Q for the fiscal quarter ended October 1, 2005 and the Borrower’s Form 8-K dated September 19, 2005, since January 1, 2005 there has been no change in the business, property, condition (financial or
otherwise) or business prospects, of the Borrower and its Subsidiaries, taken as a whole, which could reasonably be expected to have a Material Adverse Effect. 
  

SECTION 3.05. Properties. (a) Each of Loan Parties and its Subsidiaries has good title to, or valid leasehold interests in, all its real
and personal property, free of all Liens other than those permitted by Section 6.02, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties for their
intended purposes. 
  
 (b) Each Loan Party and
its Subsidiaries owns, or is licensed to use, all trademarks, tradenames, copyrights, patents and other intellectual property necessary to the current and anticipated future conduct of the Loan Parties’ business, and the use thereof by the Loan
Parties and their Subsidiaries does not infringe in any material respect upon the rights of any other Person, and the Loan Parties’ rights thereto are not subject to any licensing agreement or similar arrangement. 
  
 SECTION 3.06. Litigation and Environmental Matters. (a) Except as
set forth on Schedule 3.06, there are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge of any Loan Party, threatened against or affecting the Loan Parties or any of
their Subsidiaries as to which there is a reasonable possibility of an adverse determination and that, if adversely determined, could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect. 
  

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 (b) Except with respect to any matters that, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect, (i) no Loan Party nor any of its Subsidiaries has received notice of any claim with respect to any Environmental Liability or knows of any basis for any Environmental Liability and
(ii) and no Loan Party nor any of its Subsidiaries (1) 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 or (2) has become
subject to any Environmental Liability. 
  
 SECTION 3.07.
Compliance with Laws and Agreements. Each of the Borrower and its Subsidiaries is in compliance with all laws, regulations and orders of any Governmental Authority applicable to it or its property and all indentures, agreements and other
instruments binding upon it or its property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. No Default has occurred and is continuing. 
  
 SECTION 3.08. Investment and Holding Company Status. Neither the
Borrower nor any of its Subsidiaries is (a) an “investment company” as defined in, or subject to regulation under, the Investment Company Act of 1940 or (b) a “holding company” as defined in, or subject to regulation
under, the Public Utility Holding Company Act of 1935. 
  
 SECTION
3.09. Taxes. Each of the Borrower and its Subsidiaries has timely filed or caused to be filed all federal income, state income and other material Tax returns and reports required to have been filed and has paid or caused to be paid all
federal income, state income, provincial income, territorial income and other material Taxes required to have been paid by it, except Taxes that are being contested in good faith by appropriate proceedings and for which the Borrower or such
Subsidiary, as applicable, has set aside on its books adequate reserves. No tax liens have been filed and no claims are being asserted with respect to any material amount of such taxes. 
  
 SECTION 3.10. ERISA; Canadian Pension Plans. (a) No ERISA Event has occurred or is reasonably expected to occur
that, when taken together with all other such ERISA Events for which liability is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect. The aggregate amount of benefit liabilities (within the meaning of
section 412 of IRC) under all Plans in the aggregate as of the most recent plan year end, determined based on the actuarial accrued liabilities that are used in conjunction with determining the funding requirements for such Plans as reported in such
Plans’ actuarial reports for such plan year, is not more than 125% of the aggregate actuarial value of the assets of such Plans allocable to such benefit liabilities. 
  
 (b) The Canadian Pension Plans are duly registered in accordance with any applicable law which requires registration and no
event has occurred which is reasonably likely to cause the loss of such registered status. All material obligations of any Loan Party (including fiduciary, funding, investment and administration oblations) required to be performed in connection with
the Canadian Pension Plans and the funding agreements therefore have been performed in a timely fashion except where the failure to do so could not reasonably be expected to have a Material Adverse Effect. There have been no improper withdrawals or
applications of the assets of the Canadian Pension Plans. There are no outstanding disputes concerning the assets held under the funding agreements for the Canadian Pension Plans which could reasonably be expected to have a Material Adverse Effect.
Each of the Canadian Pension Plans is fully funded both on an ongoing basis and on a solvency basis (using actuarial methods and assumptions which are consistent with the valuations last filed with the applicable Governmental Authorities and which
are consistent with generally accepted actuarial principles). There has been no partial termination of any Canadian Pension Plan and no facts or circumstances have occurred or existing that could result, or be reasonably anticipated to result, in
the declaration of a partial 
  

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 termination of any Canadian Pension Plan under applicable law. No promises of benefit improvements under the Canadian
Pension Plans have been made except where such improvement could not have a Material Adverse Effect and in any event no such improvements will result in a solvency deficiency or going concern unfunded liability in the affected Canadian Pension
Plans. 
  
 SECTION 3.11. Disclosure. Neither the
Information Memorandum nor any of the other reports, financial statement, certificate or other information furnished by or on behalf of the Borrower to the Administrative Agent or any Lender in connection with the negotiation of this Agreement or
delivered hereunder (as modified or supplemented by other information so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under
which they were made, not misleading; provided that, with respect to projected financial information, the Borrower represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time.

  
 SECTION 3.12. Material Agreements. No Loan Party is in
default in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in (i) any material agreement to which it is a party or (ii) any agreement or instrument evidencing or governing
Indebtedness. 
  
 SECTION 3.13. Solvency.
(a) Immediately after the consummation of the transactions to occur on the date hereof and immediately following the making of each Borrowing and the issuance of each Letter of Credit, if any, made on the date hereof and after giving effect to
the application of the proceeds of such Borrowing or such issuance of a Letter of Credit, (a) the fair value of the assets of the Loan Parties taken as a whole, at a fair valuation, will exceed the debts and liabilities, subordinated,
contingent or otherwise, of the Loan Parties taken as a whole; (b) the present fair saleable value of the property of the Loan Parties taken as a whole will be greater than the amount that will be required to pay the probable liability of the
Loan parties taken as a whole on their debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured; (c) each Loan Party will be able to pay its debts and liabilities,
subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured; and (d) each Loan Party will not have unreasonably small capital with which to conduct the businesses in which it is engaged as such businesses
are now conducted and are proposed to be conducted after the date hereof. 
  
 (b) No Loan Party intends to, or will permit any of its Subsidiaries to, or believes that it or any of its Subsidiaries will, incur debts beyond its ability to pay such debts as they mature, taking into account the
timing of and amounts of cash to be received by it or any such Subsidiary and the timing of the amounts of cash to be payable on or in respect of its Indebtedness or the Indebtedness of any such Subsidiary. 
  
 SECTION 3.14. [Intentionally Omitted.] 
  
 SECTION 3.15. Subsidiaries. Schedule 3.15 sets forth as of the
Effective Date (a) a correct and complete list of the name and relationship to each Loan Party of each and all of such Loan Party’s Subsidiaries, (b) a correct and complete listing of the outstanding Equity Interests of each of the
Borrower’s Subsidiaries which are not wholly-owned (except for director qualifying shares) and of the holders of such Equity Interests and (c) the type of entity of each Loan Party and each of its Subsidiaries. All of the issued and
outstanding Equity Interests owned by any Loan Party has been (to the extent such concepts are relevant with respect to such ownership interests) duly authorized and issued and is fully paid and non-assessable. 
  

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 SECTION 3.16. Common Enterprise. The successful operation and condition of each of the Loan
Parties is dependent on the continued successful performance of the functions of the group of the Loan Parties as a whole and the successful operation of each of the Loan Parties is dependent on the successful performance and operation of each other
Loan Party. Each Loan Party expects to derive benefit (and its board of directors or other governing body has determined that it may reasonably be expected to derive benefit), directly and indirectly, from (i) successful operations of each of
the other Loan Parties and (ii) the credit extended by the Lenders to the Borrower hereunder, both in their separate capacities and as members of the group of companies. Each Loan Party has determined that execution, delivery, and performance
of this Agreement and any other Loan Documents to be executed by such Loan Party is within its purpose, will be of direct and indirect benefit to such Loan Party, and is in its best interest. 
  
 SECTION 3.17. Labor Disputes. Except as set forth on Schedule
3.17, as of the date of this Agreement (a) there is no collective bargaining agreement or other material labor contract covering employees of any Loan Party or any of its Subsidiaries, (b) no such collective bargaining agreement or
other material labor contract is scheduled to expire during the term of this Agreement, (c) no union or other labor organization is seeking to organize, or to be recognized as, a collective bargaining unit of employees of the Borrower or any of
its Subsidiaries or for any similar purpose, and (d) there is no pending or (to the best of the Borrower’s knowledge) threatened, strike, work stoppage, material unfair labor practice claim, or other material labor dispute against or
affecting the Borrower or its Subsidiaries or their employees. 
  
 ARTICLE IV 
  
 Conditions 
  
 SECTION 4.01. Effective Date. The obligations of the Lenders to make
Loans and of the Issuing Banks to issue Letters of Credit hereunder shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 9.02): 
  
 (a) The Administrative Agent (or its counsel) shall have
received from each party hereto either (i) a counterpart of this Agreement signed on behalf of such party or (ii) written evidence satisfactory to the Administrative Agent (which may include facsimile transmission of a signed signature
page of this Agreement) that such party has signed a counterpart of this Agreement. 
  
 (b) The Administrative Agent shall have received duly executed copies of the Loan Documents and such other certificates, documents,
instruments and agreements as the Administrative Agent shall reasonably request in connection with the transactions contemplated by this Agreement and the other Loan Documents, including a written opinion of the Loan Parties’ counsel, addressed
to the Administrative Agent, the Issuing Banks and the Lenders in substantially the form of Exhibit B and each item listed in the Closing Checklist, each in form and substance reasonably satisfactory to Administrative Agent. 
  
 (c) The Administrative Agent shall have completed its
business due diligence and the Loan Parties’ corporate structure, capital structure, material accounts and governing documents shall be acceptable to the Administrative Agent. In addition, the terms and conditions of all Indebtedness of each
Loan Party shall be acceptable to Administrative Agent. 
  

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 (d) All legal (including tax implications) and regulatory matters, including, but not
limited to compliance with applicable requirements of Regulations U, T and X of the Board of Governors of the Federal Reserve System, shall be satisfactory to the Administrative Agent and the Lenders. 
  
 (e) After giving effect to all Borrowings to be made on the
Effective Date and the issuance of any Letters of Credit on the Effective Date and payment of all fees and expenses due hereunder, and with all of the Loan Parties’ indebtedness, liabilities, and obligations current, Availability shall not be
less than $450,000,000. 
  
 (f) The
Administrative Agent shall have received all fees and other amounts due and payable on or prior to the Effective Date, including, to the extent invoiced, reimbursement or payment of all reasonable out-of-pocket expenses required to be reimbursed or
paid by the Borrower hereunder. 
  
 (g) The
Administrative Agent shall have determined that (i) since September 19, 2005, there is an absence of any material adverse change or disruption in primary or secondary loan syndication markets, financial markets or in capital markets
generally that would likely impair syndication of the Loans and the LC Exposure hereunder and (ii) the Loan Parties shall have fully cooperated with the Administrative Agent’s syndication efforts including, without limitation, by providing
the Administrative Agent with information regarding the Loan Parties’ operations and prospects and such other information as the Administrative Agent deems necessary to successfully syndicate the credit extensions hereunder. 
  
 (h) The Borrower shall have delivered to the Administrative
Agent a notice setting forth the deposit account of the Borrower (the “Funding Account”) to which the Administrative Agent is authorized by the Borrower to transfer the proceeds of any Borrowings requested or authorized pursuant to this
Agreement. 
  
 (i) The Borrower shall have repaid
in full all outstanding Indebtedness (other than the Existing Letters of Credit) under the Existing Credit Agreement, and the lenders thereunder shall have released all Liens upon any property of the Loan Parties (except to the extent otherwise
agreed to by the Administrative Agent), upon terms and conditions reasonably satisfactory to the Administrative Agent. 
  
 (j) The Administrative Agent shall have received and the Administrative Agent shall be reasonably satisfied with appraisals of Loan
Parties’ Inventory from appraisers reasonably satisfactory to the Administrative Agent. 
  
 (k) The Administrative Agent shall have received and be reasonably satisfied with any requested environmental review reports from firm(s)
reasonably satisfactory to the Administrative Agent (and any environmental hazards or liabilities identified in any such environmental review reports shall indicate Borrower’s plans with respect thereto). 
  
 (l) The Administrative Agent or its designee shall have
conducted a field examination of the Loan Parties’ Accounts, Inventory and related working capital matters and financial information and of the related data processing and other systems, and the result of such field examinations shall be
reasonably satisfactory to the Administrative Agent. 
  

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 (m) The Loan Parties shall have delivered such other documents as the Administrative
Agent, or its counsel may have reasonably requested. 
  
 The Administrative Agent
shall notify the Borrower and the Lenders of the Effective Date, and such notice shall be conclusive and binding. Notwithstanding the foregoing, the obligations of the Lenders to make Loans and of the Issuing Banks to issue Letters of Credit
hereunder shall not become effective unless each of the foregoing conditions is satisfied (or waived pursuant to Section 9.02) at or prior to 2:00 p.m., Chicago time, on December 30, 2005 (and, in the event such conditions are not so
satisfied or waived, the Commitments shall terminate at such time). 
  
 SECTION 4.02. Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing, and of each Issuing Bank to issue, amend, renew or extend any Letter of Credit, is subject to the satisfaction of the
following conditions: 
  
 (a) The representations
and warranties of the Borrower set forth in this Agreement shall be true and correct in all material respects on and as of the date of such Borrowing or the date of issuance, amendment, renewal or extension of such Letter of Credit, as applicable
(except, in each case, to the extent that such representations and warranties expressly 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), and if
they are not true and correct the Administrative Agent or the Required Lenders shall have determined not to make any make a Loan or instructed the Issuing Banks not to issue Letters of Credit as a result of the fact that such representation or
warranty is untrue or incorrect. 
  
 (b) At the
time of and immediately after giving effect to such Borrowing or the issuance, amendment, renewal or extension of such Letter of Credit, as applicable, no Default shall have occurred and be continuing and the Administrative Agent or the Required
Lenders shall have determined not to make such Borrowing or instructed the Issuing Banks not to issue such Letter of Credit as a result of such Default. 
  
 (c) After giving effect to any Borrowing or the issuance, amendment, renewal or extension of any Letter of Credit, as applicable,
Availability is not less than zero. 
  
 Each Borrowing and each issuance,
amendment, renewal or extension of a Letter of Credit shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the matters specified in paragraphs (a), (b) and (c) of this Section. Any Lender
may require a duly completed Compliance Certificate as a condition to making a Borrowing or requesting the issuance of a Letter of Credit. 
  
 ARTICLE V 
  
 Affirmative Covenants 
  
 Until the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder shall have been paid in full and all Letters of Credit shall have expired or
terminated and all LC Disbursements shall have been reimbursed, each Loan Party executing this Agreement covenants and agrees, jointly and severally with all of the Loan Parties, with the Lenders that: 
  

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 SECTION 5.01. Financial Statements; Borrowing Base and Other Information. The Borrower will
furnish to the Administrative Agent (with sufficient copies for each Lender, in the case of deliveries pursuant to clauses (a), (b), (c), (d), (e), (f) and (n) below). 
  
 (a) within ninety (90) days after the end of each fiscal year of the Borrower, its audited consolidated
balance sheet and related statements of operations, stockholders’ equity and cash flows as of the end of and for such year, setting forth in each case in comparative form the figures for the previous fiscal year, all reported on by independent
public accountants of recognized national standing (without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit) to the effect that such consolidated financial
statements present fairly in all material respects the financial condition and results of operations of the Borrower and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, accompanied by any
management letter prepared by said accountants, and for such fiscal year, and its summary consolidating financial statements for such year in the form agreed to between the Borrower and the Administrative Agent and provided to the Administrative
Agent prior to the Effective Date; 
  
 (b) within
forty-five (45) days after the end of each fiscal quarter of the Borrower, its consolidated balance sheet and related statements of operations, stockholders’ equity and cash flows as of the end of and for such fiscal quarter and the then
elapsed portion of the fiscal year, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, and its summary
consolidating financial statements for such period in the form agreed to between the Borrower and the Administrative Agent and provided to the Administrative Agent prior to the Effective Date; 
  
 (c) within thirty (30) days after the end of each
fiscal month of the Borrower (if average daily Availability for such month is less than $100,000,000), updated financial information with respect to the Borrower and its Subsidiaries as of the end of and for such fiscal month and the then elapsed
portion of the fiscal year, in the form provided to the Borrower’s senior management; 
  
 (d) concurrently with any delivery of financial statements under clause (a) or (b) above, a certificate of a Financial Officer
of the Borrower in substantially the form of Exhibit E (i) certifying, in the case of the consolidated financial statements delivered under clause (b), as presenting fairly in all material respects the financial condition and results of
operations of the Borrower and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of footnotes, (ii) certifying as to whether a
Default has occurred and, if a Default has occurred, specifying the details thereof and any action taken or proposed to be taken with respect thereto, (iii) setting forth a reasonably detailed calculation of average daily Availability for the
last month of the fiscal quarter then ended, (iv) setting forth reasonably detailed calculations and demonstrating compliance with Sections 6.11 (if then applicable) and (v) stating whether any change in GAAP or in the application
thereof has occurred since the date of the audited financial statements referred to in Section 3.04 and, if any such change has occurred, specifying the effect of such change on the financial statements accompanying such certificate;

  

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 (e) as soon as available, but in any event not more than forty-five (45) days after
the beginning of each fiscal year of the Borrower, a copy of the plan and forecast (including a projected consolidated balance sheet, income statement and funds flow statement) of the Borrower and its Subsidiaries for each month of such fiscal year
(the “Projections”) in form reasonably satisfactory to the Administrative Agent; 
  
 (f) as soon as available but in any event within twenty (20) Business Days of the end of each fiscal month (or at any time after
average daily Availability for ten (10) or more consecutive days is less than or equal to $60,000,000 and until such time thereafter as daily Availability exceeds $75,000,000 for sixty (60) consecutive days, within three (3) Business
Days after the end of each calendar week), and at such other times as may be reasonably requested by the Administrative Agent following the occurrence and during the continuance of an Event of Default, as of the period then ended, a Borrowing Base
Certificate and supporting information in connection therewith, together with any additional reports with respect to the Borrowing Base as the Administrative Agent may reasonably request; 
  
 (g) as soon as available but in any event within twenty (20) Business Days of the end of each fiscal month and at such
other times as may be reasonably requested by the Administrative Agent following the occurrence and during the continuance of an Event of Default, as of the period then ended, all delivered electronically in a text formatted file (not in an
Adobe *.pdf file): 
  

	 	(1)	an aging of the Loan Parties’ Accounts aged by due date and including the invoice date for each Account listed (with an explanation of the terms offered in the form of specific
terms codes that can be cross-referenced with a terms key provided by the Borrower to the Administrative Agent), prepared in a manner reasonably acceptable to the Administrative Agent; 

  

	 	(2)	a schedule detailing the Loan Parties’ Inventory, in form reasonably satisfactory to the Administrative Agent, by location (showing Inventory in transit, any Inventory located
with a third party under any consignment, bailee arrangement, or warehouse agreement) and by class (raw material, work-in-process and finished goods), which Inventory shall be valued at the lower of cost (determined on a first-in, first-out basis)
or market and adjusted for Reserves as the Administrative Agent has previously indicated to the Borrower is deemed by the Administrative Agent to be appropriate; 

  

	 	(3)	a worksheet of calculations prepared by the Borrower to determine the Loan Parties’ Eligible Accounts and Eligible Inventory, such worksheets detailing the Loan Parties’
Accounts and Inventory excluded from Eligible Accounts and Eligible Inventory and the reason for such exclusion; 

  

	 	(4)	a reconciliation of the Loan Parties’ Accounts and Inventory between the amounts shown in the Loan Parties’ general ledger and financial statements and the reports
delivered pursuant to clauses (1) and (2) above; 

  

	 	(5)	a reconciliation of the loan balance per the Loan Parties’ general ledger to the loan balance under this Agreement; and 

  

	 	(6)	a schedule and aging of the Loan Parties’ accounts payable and of the Loan Parties’ accrued accounts payable; 

  

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	 	(h)	promptly upon the Administrative Agent’s request: 

  

	 	(1)	a schedule detailing Inventory by product type, and by volume on hand, which Inventory shall be valued at the lower of cost (determined on a first-in, first-out basis) or market and
adjusted for Reserves as the Administrative Agent has previously indicated to the Borrower is deemed by the Administrative Agent to be appropriate, including a report of any variances or other results of Inventory counts performed by the Loan
Parties since the last Inventory schedule (including information regarding sales or other reductions, additions, returns, credits issued by the Loan Parties and complaints and claims made against the Loan Parties); 

  

	 	(2)	copies of invoices in connection with the invoices issued by the Loan Parties in connection with any Accounts, credit memos, shipping and delivery documents, and other information
related thereto; 

  

	 	(3)	copies of purchase orders, invoices, and shipping and delivery documents in connection with any Inventory purchased by any Loan Party; and 

  

	 	(4)	a schedule detailing the balance of all intercompany accounts of the Loan Parties; and 

  

	 	(5)	the Loan Parties’ sales journals, cash receipts journals (identifying trade and non-trade cash receipts) and debit memo/credit memo journal;] 

  
 (i) [Intentionally omitted]; 
  
 (j) as soon as possible and in any event within ten
(10) Business Days of filing thereof, copies of those portions of all tax returns filed by any Loan Party with the U.S. Internal Revenue Service which set forth the names of all entities included within such filing; 
  
 (k) as soon as possible and in any event within two-hundred
and eighty-five (285) days after the close of the Fiscal Year of the Borrower, a copy of the Annual Report on form 5500 (including all attachments) filed for each Plan with the IRS for such Fiscal Year; 
  
 (l) within thirty (30) Business Days of each
September 30, an updated customer list for the Loan Parties, which list shall state the customer’s name, mailing address and phone number; 
  
 (m) within thirty (30) Business Days of the first Business Day of each September, a certificate of good standing for each Loan Party
from the appropriate governmental officer in its jurisdiction of incorporation, formation, or organization; 
  
 (n) promptly after the same become publicly available, copies of all periodic and other reports, proxy statements and other materials
filed by the Borrower or any Subsidiary with the Securities and Exchange Commission, or any Governmental Authority succeeding to any or all of the functions of said Commission, or with any national securities exchange, or distributed by the Borrower
to its public shareholders generally, as the case may be; and 
  

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 (o) promptly following any request therefor, such other information regarding the
operations, business affairs and financial condition of any Loan Party or any Subsidiary, or compliance with the terms of this Agreement, as the Administrative Agent may reasonably request. 
  
 Any financial statement, report, proxy statements or other document required to be delivered
pursuant to clauses (a), (b) and (n) of this Section 5.01 shall be deemed to have been furnished to each of the Administrative Agent and the Lenders on the date that the Administrative Agent has received written notice from (or at the
direction of) the Borrower that such financial statement, report, proxy statement or other material is posted and publicly available on the Securities and Exchange Commission’s website at www.sec.gov; provided that the Borrower will
furnish paper copies of such financial statements, reports, proxy statements and documents to any Lender that requests, by notice to the Borrower, that the Borrower do so, until the Borrower receives notice from such Lender to cease delivering such
paper copies; provided further, that the foregoing shall not relieve the Borrower of its obligations to deliver any financial statement, certificate or other document pursuant to any of the above-described clauses (a), (b) and
(n) which is not otherwise filed electronically with the Securities and Exchange Commission. 
  
 SECTION 5.02. Notices of Material Events. The Borrower will furnish to the Administrative Agent and each Lender prompt written notice of the
following: 
  
 (a) the occurrence of any Default;

  
 (b) the assertion of which a Responsible
Officer of the Borrower has knowledge by the holder of any Equity Interests of any Loan Party or the holder of any Indebtedness of any Loan Party in excess of $25,000,000 that any default exists with respect thereto or that any Loan Party is not in
compliance therewith; 
  
 (c) receipt of any
notice of which a Responsible Officer of the Borrower has knowledge of any governmental investigation or any litigation commenced or threatened against any Loan Party that (i) seeks damages in excess of $25,000,000, (ii) seeks injunctive
relief that, if granted, could reasonably be expected to have a Material Adverse Effect, (iii) is asserted or instituted against any Plan, its fiduciaries or its assets, which assertion could reasonably be expected to result in damages, costs
or liabilities of any Loan Party or Subsidiary in excess of $25,000,000, (iv) alleges criminal misconduct by any Loan Party or Subsidiary that, if resulting in a conviction, could reasonably be expected to have a Material Adverse Effect,
(v) alleges the violation of any law regarding, or seeks remedies in connection with, any Environmental Laws, which resolution or remedy asserts or could result in damages, costs or liabilities of any Loan Party or Subsidiary in excess of
$25,000,000; or (vi) involves any product recall to the extent such product recall could reasonably be expected to have a Material Adverse Effect; 
  
 (d) commencement of any proceedings contesting any tax, fee, assessment, or other governmental charge in excess of $25,000,000;

  
 (e) the opening of any new deposit account by
any Loan Party with any bank or other financial institution (other than any “Excluded Deposit Account,” as defined in the Security Agreement); 
  
 (f) any loss, damage, or destruction to the Collateral in the amount of $15,000,000 or more, whether or not covered by insurance;

  

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 (g) any and all default notices received under or with respect to any leased location or
public warehouse where Collateral having a value in excess of $10,000,000 in the aggregate for all such locations is located (which shall be delivered within two Business Days after receipt thereof by a Responsible Officer of the Borrower),
which default notices could reasonably be expected to have an adverse impact on the value of such Collateral or the interest therein of the Administrative Agent on behalf of the Secured Parties; 
  
 (h) immediately after any Responsible Officer of the
Borrower becoming aware of any pending or threatened strike, work stoppage, unfair labor practice claim, or other labor dispute affecting the Borrower or any of its Subsidiaries in a manner which could reasonably be expected to have a Material
Adverse Effect; 
  
 (i) the occurrence of any
ERISA Event or any Canadian Pension Event that, alone or together with any other ERISA Events or Canadian Pension Events that have occurred, could reasonably be expected to result in liability of the Borrower and its Subsidiaries in an aggregate
amount exceeding $25,000,000; and 
  
 (j) any
other development that results in, or could reasonably be expected to result in, a Material Adverse Effect. 
  
 Each notice delivered under this Section shall be accompanied by a statement of a Financial Officer or other executive officer of the Borrower setting forth the details of the event or development requiring such
notice and any action taken or proposed to be taken with respect thereto. 
  
 SECTION 5.03. Existence; Conduct of Business. Each Loan Party will, and will cause each of its Subsidiaries to, (a) do or cause to be done all things necessary to preserve, renew and keep in full force and
effect its legal existence and the rights, licenses, permits, privileges and franchises material to the conduct of its business, and maintain all requisite authority to conduct its business in each jurisdiction in which its business is conducted, in
each case except where the failure to do so could not reasonably be expected to result in a Material Adverse Effect; and (b) carry on and conduct its business in substantially the same manner and in substantially the same fields of enterprise
as it is presently conducted; provided that the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution permitted under Section 6.03. 
  
 SECTION 5.04. Payment of Obligations. Each Loan Party will, and will cause each of its Subsidiaries to, pay or
discharge when due all material Indebtedness and all other material liabilities and obligations, including Taxes, except where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings, (b) such Loan
Party or such Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP and (c) the failure to make payment pending such contest could not reasonably be expected to result in a Material Adverse Effect.

  
 SECTION 5.05. Maintenance of Properties and Intellectual
Property Rights. Except where the failure to do so could not reasonably be expected to result in a Material Adverse Effect, each Loan Party will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the
conduct of its business in good working order and condition, ordinary wear and tear excepted, and (b) obtain and maintain in effect at all times all material franchises, governmental authorizations, intellectual property rights, licenses and
permits, which are necessary for it to own its property or conduct its business as conducted on the date of this Agreement. 
  

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 SECTION 5.06. Books and Records; Inspection Rights. Each Loan Party will, and will cause each of
its Subsidiaries to, keep proper books of record and account in which full, true and correct entries are made of all dealings and transactions in relation to its business and activities. Each Loan Party will, and will cause each of its Subsidiaries
to, permit any representatives designated by the Administrative Agent or any Lender (so long as such Lender or its representatives are accompanying the Administrative Agent) (including employees of the Administrative Agent, any Lender or any
consultants, accountants, lawyers and appraisers retained by the Administrative Agent), upon reasonable prior notice, to visit and inspect its properties, to examine and make extracts from its books and records, and to discuss its affairs, finances
and condition with its officers and independent accountants (provided that a representative from the Borrower may elect to be present), all at such reasonable times and as often as reasonably requested; provided, that following the
Effective Date and so long as no Event of Default has occurred and is continuing, the Borrower shall only be required to reimburse the Administrative Agent and the Lenders for the cost of two (2) such inspections in any fiscal year. After the
occurrence and during the continuance of any Event of Default, each Loan Party shall provide the Administrative Agent with access to its suppliers. The Loan Parties acknowledge that the Administrative Agent, after exercising its rights of
inspection, may prepare and distribute to the Lenders certain Reports pertaining to the Loan Parties’ assets for internal use by the Administrative Agent and the Lenders. 
  
 SECTION 5.07. Compliance with Laws. Each Loan Party will, and will cause each of its Subsidiaries to, comply with all
laws, rules, regulations and orders of any Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

  
 SECTION 5.08. Use of Proceeds and Letters of Credit.
The proceeds of the Loans will be used only for (i) financing the repayment of existing Indebtedness of the Borrower on the Effective Date and to pay fees and expenses in connection with the Transactions and (ii) working capital and
general corporate purposes of the Borrower and its Subsidiaries in accordance with this Agreement. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations
of the Board, including Regulations T, U and X. Letters of Credit will be issued only to support the working capital needs and other general corporate purposes of the Borrower and its Subsidiaries in accordance with this Agreement. 

 
 SECTION 5.09. Insurance. Each Loan Party will, and will cause each
of its Subsidiaries to, maintain with financially sound and reputable carriers having a financial strength rating of at least A- by A.M. Best Company insurance against: (i) loss or damage by fire and loss in transit; (ii) theft, burglary,
pilferage, larceny, embezzlement, and other criminal activities; (iii) business interruption; (iv) general liability and (v) such other hazards, as is customary in the business of such Person. All such insurance shall be in amounts
(subject to such self-insurance retentions in accordance with good business practice), cover such assets and be under policies acceptable to the Administrative Agent in its Permitted Discretion. No Loan Party will use or permit any property to be
used in any manner which might render inapplicable any insurance coverage. Any insurance or condemnation proceeds in excess of $5,000,000 received by the Loan Parties from any casualty or condemnation (or any related casualties or condemnations) at
a time that cash dominion is in effect pursuant to Section 7.1 of the Security Agreement shall be immediately forwarded to the Administrative Agent and the Administrative Agent shall apply any such proceeds to the reduction of the Obligations
in accordance with Section 2.12(b)(4). 
  
 SECTION 5.10.
Appraisals. At any time that the Administrative Agent requests, the Borrower will provide the Administrative Agent with appraisals or updates thereof of their Inventory, from an appraiser selected and engaged by the Administrative Agent, and
prepared on a basis satisfactory to the Administrative Agent, such appraisals and updates to include, without limitation, information required by applicable law and regulations; provided, however, that so long as no Event of Default
has 
  

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 occurred and is continuing, the Borrower shall only be required to reimburse the Administrative Agent for the cost of
(a) one Inventory appraisal in any fiscal year and (b) one additional Inventory appraisal in any such fiscal year in the event average daily Borrowing Base Availability is less than $100,000,000 for thirty (30) or more consecutive
days during such fiscal year. 
  
 SECTION 5.11.
Additional Loan Guarantors; Further Assurances. (a) At the request of the Borrower, the Administrative Agent may approve one or more wholly-owned Domestic Subsidiaries or Canadian Subsidiaries that are not Loan Parties as of the
Effective Date as additional Loan Guarantors hereunder as long as (i) the Administrative Agent has determined that such Person is able to deliver all collateral reports required hereunder in a manner satisfactory to the Administrative Agent,
(ii) the Administrative Agent has conducted such field examinations as it reasonably deems necessary with respect to such Person’s Accounts and Inventory and related working capital matters, and with results reasonably satisfactory to the
Administrative Agent, (iii) the Administrative Agent has received and approved all UCC and the Personal Property Security Act search results necessary to confirm the Administrative Agent’s first priority Lien (subject to Permitted Liens)
on all of such Person’s property which constitutes Collateral, (iv) such Person shall have executed a Joinder Agreement set forth as Exhibit F hereto (the “Joinder Agreement”) and become a Loan Guarantor hereunder,
having all of the rights, benefits, duties, and obligations in such capacity under the Loan Documents, (v) such Person shall have granted Liens to the Administrative Agent, for the benefit of the Administrative Agent and the Secured Parties, in
all property of such Person which constitutes Collateral and (vi) such Person shall have executed and delivered such documents, and taken such actions, as the Administrative Agent shall have requested pursuant to clause (b) below;

  
 (b) Without limiting the foregoing, each Loan
Party will, and will cause each of its Subsidiaries which becomes a Loan Guarantor pursuant to the terms of this Agreement to execute and deliver, or cause to be executed and delivered, to the Administrative Agent such documents and agreements, and
will take or cause to be taken such actions as the Administrative Agent may, from time to time, reasonably request to carry out the terms and conditions of this Agreement and the other Loan Documents, including but not limited to all items of the
type required by Section 4.01 (as applicable). 
  
 ARTICLE VI

  
 Negative Covenants 
  
 Until the Commitments have expired or terminated and the principal of and
interest on each Loan and all fees payable hereunder have been paid in full and all Letters of Credit have expired or terminated and all LC Disbursements shall have been reimbursed, each Loan Party executing this Agreement covenants and agrees,
jointly and severally with all of the Loan Parties, with the Lenders that: 
  
 SECTION 6.01. Indebtedness. No Loan Party will, nor will it permit any of its Subsidiaries to, create, incur or suffer to exist any Indebtedness, except: 
  
 (a) the Obligations; 
  
 (b) Indebtedness existing on the date hereof and set forth
in Schedule 6.01 and extensions, renewals, refinancings and replacements of any such Indebtedness in accordance with clause (l) hereof or, in the case of Existing 2006 Debt Securities, refinancings thereof with the proceeds of
Permitted Refinancing Debt Securities; 
  

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 (c) Indebtedness of any Loan Party to any other Loan Party or to any Subsidiary that is
not a Loan Party (provided that such Indebtedness to any Subsidiary that is not a Loan Party shall be subordinated to the Secured Obligations in a manner reasonably satisfactory to the Administrative Agent, which subordination shall not prohibit
payments on such Indebtedness in the ordinary course of business in the absence of a continuing Event of Default); 
  
 (d) Indebtedness of any Subsidiary that is not a Loan Party to any other Subsidiary that is not a Loan Party; 
  
 (e) Indebtedness of any Subsidiary that is not a Loan Party
to any Loan Party to the extent that the credit extension creating such Indebtedness is permitted under Section 6.04(g); 
  
 (f) Indebtedness of Subsidiaries that are not Loan Parties (i) in the ordinary course of business; or (ii) other than in the
ordinary course of business in an aggregate principal amount not exceeding $75,000,000 at any time outstanding; 
  
 (g) Guarantees by a Loan Party of Indebtedness of any other Loan Party if the primary obligation is expressly permitted elsewhere in this
Section 6.01; 
  
 (h) Guarantees by any
Subsidiary that is not a Loan Party of Indebtedness of the Borrower or any of its Subsidiaries if the primary obligation is otherwise expressly permitted elsewhere in this Section 6.01; 
  
 (i) Guarantees by a Loan Party of Indebtedness of any
Subsidiary that is not a Loan Party if the primary obligation is expressly permitted elsewhere in this Section 6.01 and if the credit extension creating such Guarantee is permitted under Section 6.04(g); 
  
 (j) Indebtedness of the Borrower or any of its Subsidiaries
incurred to finance the acquisition, construction or improvement of any fixed or capital assets, including Capital Lease Obligations and any Indebtedness assumed in connection with the acquisition of any such assets or secured by a Lien on any such
assets prior to the acquisition thereof, and extensions, renewals, refinancings and replacements of any such Indebtedness in accordance with clause (l) hereof; provided that (i) such Indebtedness is incurred prior to or within 90
days after such acquisition or the completion of such construction or improvement and (ii) the aggregate principal amount of Indebtedness permitted by this clause (j) and clause (k) below shall not exceed $75,000,000 at any time
outstanding; 
  
 (k) purchase money Indebtedness
incurred by the Borrower or any of its Subsidiaries in connection with the purchase of any fixed or capital assets, and extensions, renewals, refinancings and replacements of any such Indebtedness in accordance with clause (l) hereof;
provided that, the amount of such purchase money Indebtedness shall be limited to an amount not in excess of the purchase price of such Equipment and the aggregate principal amount of Indebtedness permitted by this clause (k) and clause
(j) above shall not exceed $75,000,000 at any time outstanding; 
  
 (l) Indebtedness which represents an extension, renewal, refinancing, or replacement of any of the Indebtedness described in clauses (b), (j), (k) and (m) hereof; 
  

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 provided that unless otherwise consented to by the Administrative Agent in its sole discretion,
(i) the principal amount or interest rate of such Indebtedness is not increased, (ii) any Liens securing such Indebtedness are not extended to any additional property of any Loan Party, (iii) no Loan Party that is not originally
obligated with respect to repayment of such Indebtedness is required to become obligated with respect thereto, (iv) such extension, renewal, refinancing or replacement does not result in a shortening of the average weighted maturity of the
Indebtedness so extended, renewed, refinanced or replaced, (v) the terms of any such extension, renewal, refinancing, or replacement are not less favorable to the obligor thereunder than the original terms of such Indebtedness and (iv) if
the Indebtedness that is extended, renewed, refinanced or replaced was subordinated in right of payment to the Obligations, then the terms and conditions of the extension, renewal, refinancing or replacement Indebtedness must include subordination
terms and conditions that are at least as favorable to the Administrative Agent and the Lenders as those that were applicable to the extended, renewed, refinanced or replaced Indebtedness; 
  
 (m) Indebtedness of any Person that becomes a Subsidiary
after the date hereof, and extensions, renewals, refinancings and replacement of any such Indebtedness in accordance with clause (l) hereof; provided that such Indebtedness exists at the time such Person becomes a Subsidiary and is not
created in contemplation of or in connection with such Person becoming a Subsidiary; 
  
 (n) Indebtedness of the Loan Parties in an aggregate principal amount not exceeding $300,000,000 and having terms satisfactory to the
Administrative Agent in its sole discretion, which indebtedness shall be unsecured except as permitted under Section 6.02(i) or (j); 
  
 (o) Indebtedness under Permitted Refinancing Debt Securities; 
  
 (p) Indebtedness of the Borrower or any of its Subsidiaries arising from the honoring by a bank or other
financial institution of a check, draft or similar instrument inadvertently drawn against insufficient funds in the ordinary course of business; provided that such Indebtedness is repaid within five (5) Business Days after being incurred;

  
 (q) unsecured Indebtedness of the Borrower
and its Subsidiaries as account parties in respect of letters of credit issued for the account of the Borrower and its Subsidiaries in the ordinary course of business in an aggregate amount not exceeding $20,000,000 at any time outstanding;

  
 (r) Indebtedness of the Borrower and its
Subsidiaries owing to the seller in any Acquisition permitted under Section 6.04(h) so long as such Indebtedness (i) is unsecured and subordinated to the Secured Obligations on a basis reasonably satisfactory to the Agent and
(ii) does not, when taken together with all other Indebtedness incurred pursuant to this Section 6.01(r), exceed more than $50,000,000 in aggregate principal amount outstanding at any time; 
  
 (s) obligations of the Borrower or any of its Subsidiaries
in respect of performance bonds and completion, guarantee, surety and similar bonds, in each case obtained in the ordinary course of business to support statutory and contractual obligations (other than Indebtedness) arising in the ordinary course
of business; and 
  

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 (t) other Indebtedness in an aggregate principal amount not exceeding $20,000,000 at any
time outstanding. 
  
 SECTION 6.02. Liens. No Loan Party
will, nor will it permit any Subsidiary to, create, incur, assume or permit to exist any Lien on any property or asset now owned or hereafter acquired by it, or assign or sell any income or revenues (including accounts receivable) or rights in
respect of any thereof, except: 
  
 (a) Permitted
Encumbrances; 
  
 (b) any Lien on any property or
asset of any Loan Party or any of its Subsidiaries existing on the date hereof and set forth in Schedule 6.02; provided that (i) such Lien shall not apply to any other property or asset of such Loan Party or Subsidiary and
(ii) such Lien shall secure only those obligations which it secures on the date hereof and extensions, renewals, refinancings and replacements thereof that do not increase the outstanding principal amount thereof; 
  
 (c) Liens securing purchase money Indebtedness of a Loan
Party permitted pursuant to clause (k) of Section 6.01; provided that, such Liens attach only to the property which was purchased with the proceeds of such purchase money Indebtedness; 
  
 (d) Liens on fixed or capital assets acquired, constructed
or improved by a Loan Party or any of its Subsidiaries; provided that (i) such security interests secure Indebtedness permitted by clause (j) of Section 6.01, (ii) such security interests and the Indebtedness secured
thereby are incurred prior to or within 90 days after such acquisition or the completion of such construction or improvement, (iii) the Indebtedness secured thereby does not exceed 100% of the cost of acquiring, constructing or improving
such fixed or capital assets and (iv) such security interests shall not apply to any other property or assets of such Loan Party or Subsidiary; 
  
 (e) any Lien existing on any property or asset prior to the acquisition thereof by a Loan Party or existing on any property or asset of
any Person that becomes a Loan Party after the date hereof prior to the time such Person becomes a Loan Party; provided that (i) such Lien is not created in contemplation of or in connection with such acquisition or such Person becoming
a Loan Party, as the case may be, (ii) such Lien shall not apply to any other property or assets of the Loan Party and (iii) such Lien shall secure only those obligations which it secures on the date of such acquisition or the date such
Person becomes a Loan Party, as the case may be and extensions, renewals and replacements thereof that do not increase the outstanding principal amount thereof; 
  
 (f) Liens on assets of any Foreign Subsidiary securing Indebtedness of such Foreign Subsidiaries permitted
under Section 6.01; 
  
 (g) Liens in favor
of Loan Parties or any of their Subsidiaries securing obligations of any Subsidiary that is not a Loan Party; 
  
 (h) customary restrictions on transfers of assets contained in agreements related to the sale by the Borrower or the Subsidiaries of such
assets pending their sale, provided that such restrictions apply only to the assets to be sold and such sale is permitted hereunder; 
  

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 (i) to the extent approved by the Administrative Agent in its sole discretion, Liens
securing Indebtedness permitted under Sections 6.01(n) and (o) in an aggregate principal amount not exceeding $100,000,000 at any time outstanding; provided that such Liens shall not attach to any Collateral; and 
  
 (j) Liens not otherwise permitted under this
Section 6.02 securing indebtedness, claims and other liabilities not in excess of $20,000,000 in the aggregate at any time. 
  
 Notwithstanding the foregoing, none of the Liens permitted pursuant to this Section 6.02 may at any time attach to any Loan Party’s (1) Accounts, other
than those permitted under clauses (a) and (e) of the definition of Permitted Encumbrance and (2) Inventory, other than those permitted under clauses (a), (b) and (e) of the definition of Permitted Encumbrance. 

 
 SECTION 6.03. Fundamental Changes. (a) No Loan Party will, nor
will it permit any Subsidiary to, merge into, amalgamate or consolidate with any other Person, or permit any other Person to merge into, amalgamate or consolidate with it, or sell, transfer, lease or otherwise dispose of (in one transaction or in a
series of transactions) any substantial part of its assets, or all or substantially all of the stock of any of its Subsidiaries (in each case, whether now owned or hereafter acquired), or liquidate or dissolve, except that, if at the time thereof
and immediately after giving effect thereto no Event of Default shall have occurred and be continuing (i) the Borrower may consummate the Whirlpool Sale, (ii) any Subsidiary of the Borrower may merge into or amalgamate with the Borrower in
a transaction in which the Borrower is the surviving corporation, (iii) any Loan Guarantor may merge into any other Loan Guarantor in a transaction in which the surviving entity is a Loan Guarantor, (iv) any Loan Party or any Subsidiary
may sell, transfer, lease or otherwise dispose of (1) its assets to any Loan Party; provided that the Borrower shall not sell, transfer, lease or otherwise dispose of its assets, (2) Inventory in the ordinary course of business,
(3) fixed or capital assets that are obsolete or no longer useful in its business and (4) other assets having a book value not exceeding $5,000,000 in the aggregate in any fiscal year, (v) the Loan Parties may sell all or any portion
of the Equity Interests and/or assets of Dixie-Narco, Inc., Jade Products Company and the “Commercial Products” division of the Borrower as described in the Borrower’s Form 10-K filed February 18, 2005, and (vi) any
Subsidiary of a Loan Party that is not a Loan Party may liquidate, dissolve, and may sell, transfer, lease or otherwise dispose of its assets, if the Borrower determines in good faith that such liquidation, dissolution, sale, transfer, lease or
disposition is in the best interests of the Borrower and is not materially disadvantageous to the Lenders; provided that any such merger or amalgamation involving a Person that is not a wholly owned Subsidiary immediately prior to such merger
or amalgamation shall not be permitted unless also permitted by Section 6.04. The Net Cash Proceeds of any sale or disposition permitted pursuant to this Section 6.03 shall be delivered to the Administrative Agent if and to the extent
required by Section 2.11 or 2.12 and applied to the Obligations as set forth therein. 
  
 (b) No Loan Party will, nor will it permit any of its Subsidiaries to, engage in any business material to the operations of the Borrower and its Subsidiaries other than businesses of the type conducted by the Borrower
and its Subsidiaries on the date of execution of this Agreement and businesses reasonably related thereto or reasonable extensions or expansions thereof. 
  
 SECTION 6.04. Investments, Loans, Advances, Guarantees and Acquisitions. No Loan Party will, nor will it permit any of its Subsidiaries to,
purchase, hold or acquire (including pursuant to any merger with any Person that was not a Loan Party and a wholly owned Subsidiary prior to such 
  

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 merger) any capital stock, evidences of indebtedness or other securities (including any option, warrant or other right to
acquire any of the foregoing) of, make or permit to exist any loans or advances to, Guarantee any obligations of, or make or permit to exist any investment or any other interest in, any other Person, or purchase or otherwise acquire (in one
transaction or a series of transactions) any assets of any other Person constituting a business unit (whether through purchase of assets, merger or otherwise), except: 
  
 (a) Permitted Investments; 
  
 (b) loans or advances made by a Loan Party to any other Loan Party; 
  
 (c) Guarantees by a Loan Party of Indebtedness of any other
Loan Party constituting Indebtedness permitted by Section 6.01 or of other obligations of such other Loan Party not constituting Indebtedness; 
  
 (d) investments of the Borrower and its Subsidiaries existing on the date hereof in the capital stock of their respective Subsidiaries;

  
 (e) loans or advances made by a Loan Party or
any Subsidiary to its employees on an arms-length basis in the ordinary course of business consistent with past practices for travel and entertainment expenses, relocation costs and similar purposes; 
  
 (f) subject to Sections 4.2(d) and 4.4 of the Security
Agreement (with respect to Loan Parties), notes payable, or stock or other securities issued by Account Debtors to a Loan Party or any Subsidiary pursuant to negotiated agreements with respect to settlement of such Account Debtor’s Accounts in
the ordinary course of business, consistent with past practices; 
  
 (g) Loans or advances made by any Loan Party to any Subsidiary which is not a Loan Party, and Guarantees by a Loan Party of Indebtedness of any Subsidiary which is not a Loan Party constituting Indebtedness permitted
by Section 6.01 or of other obligations of any such Subsidiary not constituting Indebtedness; provided that (i) no Event of Default shall have occurred and be continuing or would result therefrom, (ii) before and after giving
effect to any such loan, advance or Guarantee, and to any related Borrowing, the Pro Forma Cash Availability Amount exceeds $200,000,000 and (iii) the aggregate amount of such loans, advances and Guarantees outstanding at any time shall not
exceed $125,000,000; 
  
 (h) investments made in
order to consummate Acquisitions; provided, that (i) no Event of Default shall have occurred and be continuing or would result therefrom, (ii) before and after giving effect to any such investment and to any related Borrowing, the
Pro Forma Cash Availability Amount exceeds $200,000,000, (iii) the aggregate amount of such investments then outstanding after giving effect to returns of capital received in respect of such investments shall not exceed $75,000,000,
(iv) each Acquisition shall only comprise a business or those assets of a business, of the type generally conducted by the Borrower and its Subsidiaries as of the Effective Date or a business reasonably related thereto or a reasonable extension
or expansion thereof and (v) each Acquisition shall be consensual and shall have been approved by the board of directors or equivalent governing body of the acquiree or the parent of the acquiree; 
  

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 (i) Guarantees by any Subsidiary that is not a Loan Party of any obligations of the
Borrower or any Subsidiary; 
  
 (j) investments
received as noncash consideration in respect of sales, transfers or dispositions permitted by Section 6.03(a); 
  
 (k) investments in Swap Agreements permitted under Section 6.05; 
  
 (l) the creation or formation of new Subsidiaries (as opposed to the acquisition of new Subsidiaries), so
long as any loans, advances or other investments in such Subsidiaries are otherwise permitted under this Section 6.04; 
  
 (m) other investments in existence on the date of this Agreement and described in Schedule 6.04; and 
  
 (n) other investments made after the Effective Date;
provided that (1) no Event of Default shall have occurred and be continuing or would result therefore, (2) before and after giving effect to each such investment and any related Borrowing, the Pro Forma Cash Availability Amount
exceeds $200,000,000 and (3) the aggregate amount of such investments then outstanding after giving effect to returns of capital in respect of such investments shall not exceed $50,000,000. 
  
 SECTION 6.05. Swap Agreements. No Loan Party will, nor will it permit
any of its Subsidiaries to, enter into any Swap Agreement, except (a) Swap Agreements entered into to hedge or mitigate risks to which any Loan Party or any Subsidiary has actual exposure (other than those in respect of Equity Interests of any
Loan Party or any of its Subsidiaries), and (b) Swap Agreements entered into in order to effectively cap or collar interest rates with respect to any interest-bearing liability of any Loan Party or any Subsidiary or to exchange interest rates
(from fixed to floating rates, from one floating rate to another floating rate or otherwise) with respect to any interest-bearing investment of any Loan Party or any Subsidiary of a Loan Party. 
  
 SECTION 6.06. Restricted Payments. No Loan Party will, nor will it
permit any of its Subsidiaries to, declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, except: 
  
 (a) any Loan Party or Subsidiary may declare and pay dividends with respect to its Equity Interests payable solely in additional shares of
its capital stock having equal or inferior voting power, designations, preferences and rights; 
  
 (b) Subsidiaries of the Borrower may declare and pay dividends ratably with respect to their Equity Interests; 
  
 (c) the Borrower and its Subsidiaries may make Restricted
Payments pursuant to and in accordance with stock option plans or other benefit plans for management or employees of the Borrower and its Subsidiaries; 
  
 (d) (i) repurchases of capital stock of the Borrower deemed to occur upon the exercise of stock options if such capital stock
represents a portion of the exercise price thereof and (ii) repurchases of capital stock deemed to occur upon the withholding of a portion of the capital stock issued, granted or awarded to an employee or director to pay for the taxes payable
by such employee or director upon such issuance, grant or award; 
  

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 (e) any Subsidiary may purchase or redeem any portion of its Equity Interests, provided
that, following any such purchase or redemption, such Subsidiary is a direct or indirect wholly owned Subsidiary of the Borrower; and 
  
 (f) the Borrower may pay cash dividends on shares of its common stock and may purchase or redeem shares of its common stock so long as
before and after giving effect to any such Restricted Payment and to any related Borrowings (i) no Event of Default shall have occurred and be continuing or would result therefrom, (ii) the aggregate amount of such Restricted Payments
during any fiscal year (together with the aggregate amount of dividends declared by Borrower on its common stock during such fiscal year and permitted under the proviso at the end of this clause (f)) shall not exceed $35,000,000 for each of the 2006
and 2007 fiscal years and, for each fiscal year thereafter, $60,000,000 and (iii) the Pro Forma Cash Availability Amount exceeds $75,000,000 ($150,000,000 in the event the aggregate amount of such Restricted Payments paid or declared during any
fiscal year exceeds $35,000,000, unless otherwise agreed by the Administrative Agent); provided, that cash dividends may be paid by the Borrower on shares of its common stock within sixty (60) days after the date of declaration thereof,
so long as such dividend would have been permitted under this clause (f) if paid on the date of such declaration. 
  
 SECTION 6.07. Transactions with Affiliates. No Loan Party will, nor will it permit any of its Subsidiaries to, sell, lease or otherwise transfer
any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates, except (a) in the ordinary course of business at prices and on terms and
conditions not less favorable to the Loan Party or such Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties, (b) transactions between or among a Loan Party and another Loan Party not involving any other
Affiliate and (c) any Restricted Payment permitted by Section 6.06. 
  
 SECTION 6.08. Restrictive Agreements. No Loan Party will, nor will it permit any of its Subsidiaries to, directly or indirectly, enter into, incur or permit to exist any agreement or other arrangement that
prohibits, restricts or imposes any condition upon (a) the ability of such Loan Party to create, incur or permit to exist any Lien upon any Collateral to secure the Secured Obligations, or (b) the ability of any Loan Guarantor to pay
dividends or other distributions with respect to any shares of its capital stock or to make or repay loans or advances to the Borrower or any other Loan Guarantor or to Guarantee Indebtedness of the Borrower or any other Loan Guarantor;
provided that (i) the foregoing shall not apply to restrictions and conditions imposed by law or by this Agreement, and (ii) the foregoing shall not apply to restrictions and conditions existing on the date hereof identified on
Schedule 6.08 (but shall apply to any extension or renewal of, or any amendment or modification expanding the scope of, any such restriction or condition). 
  
 SECTION 6.09. Prepayment of Indebtedness; Subordinated Indebtedness. (a) No Loan Party shall, directly or
indirectly, voluntarily purchase, redeem, defease or prepay any principal of, premium, if any, interest or other amount payable in respect of any Indebtedness prior to its scheduled maturity, other than (i) the Obligations;
(ii) Indebtedness secured by a Permitted Encumbrance if the asset securing such Indebtedness has been sold or otherwise disposed of in accordance with Section 6.03; (iii) Indebtedness permitted by Section 6.01(b), (j),
(k) or (m) upon any refinancing thereof in accordance with Section 6.01(l); and (iv) Indebtedness permitted by Section 6.01(c); 
  

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 (b) No Loan Party shall make any amendment or modification to the indenture, note or
other agreement evidencing or governing any Subordinated Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness. 
  
 SECTION 6.10. Depository Banks. Each Loan Party will maintain one or
more Lenders as such Loan Party’s principal depository bank(s), including for the maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its business; provided that the Loan
Parties may maintain U.S. Bank National Association as a principal depository bank until March 31, 2007; provided, further, that in the event any principal depository bank ceases to be a Lender, the Loan Parties may continue to
maintain such bank as a principal depository bank for up to 90 days thereafter. 
  
 SECTION 6.11. Fixed Charge Coverage Ratio. If average daily Availability for ten (10) or more consecutive days shall be less than $60,000,000 (such occurrence, a “triggering event”), thereafter
(and until such time as the average daily Availability is equal to or exceeds $75,000,000 for a period of sixty (60) consecutive days), the Loan Parties shall not permit the Fixed Charge Coverage Ratio, determined as of the end of each of the
Borrower’s fiscal quarters for the then most-recently ended four fiscal quarters (commencing with the end of the most recent fiscal quarter preceding such triggering event), to be less than 1.10 to 1.00. 
  
 SECTION 6.12. Fiscal Year. No Loan Party will, nor will it permit any
of its Subsidiaries to, change its fiscal year from a fiscal year ending on or within a week of December 31. 
  
 ARTICLE VII 
  
 Events of Default 
  
 If any of the following
events (“Events of Default”) shall occur: 
  
 (a) the Borrower shall fail to pay any principal of any Loan or any reimbursement obligation in respect of any LC Disbursement when and as the same shall become due and payable, whether at the due date thereof or at a
date fixed for prepayment thereof or otherwise; 
  
 (b) the Borrower shall fail to pay any interest on any Loan or any fee or any other amount (other than an amount referred to in clause (a) of this Article) payable under this Agreement, when and as the same shall become due and
payable, and such failure shall continue unremedied for a period of three (3) Business Days; 
  
 (c) any representation or warranty made or deemed made by or on behalf of any Loan Party or any Subsidiary of any Loan Party in or in
connection with this Agreement or any other Loan Document or any amendment or modification thereof or waiver thereunder, or in any report, certificate, financial statement or other document furnished pursuant to or in connection with this Agreement
or any other Loan Document or any amendment or modification thereof or waiver thereunder, shall prove to have been materially incorrect when made or deemed made; 
  
 (d) any Loan Party shall fail to observe or perform any covenant, condition or agreement contained in
Section 5.02(a), 5.03 (with respect to a Loan Party’s existence) or 5.08 or in Article VI; 
  

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 (e) any Loan Party shall fail to observe or perform any covenant, condition or agreement
contained in this Agreement or any other Loan Document (other than those which constitute a default under another Section of this Article), and such failure shall continue unremedied for a period of (i) five (5) days after the earlier of
such breach or notice thereof from the Administrative Agent (which notice will be given at the request of any Lender) if such breach relates to terms or provisions of Section 5.01, 5.02 (other than Section 5.02(a)), 5.03 through 5.10 of
this Agreement or (ii) thirty (30) days after the earlier of such breach or notice thereof from the Administrative Agent (which notice will be given at the request of any Lender) if such breach relates to terms or provisions of any other
Section of this Agreement or any other Loan Document; 
  
 (f) any Loan Party or any Subsidiary shall fail to make any payment (whether of principal or interest and regardless of amount) in respect of any Material Indebtedness, when and as the same shall become due and payable (beyond any
applicable grace period); 
  
 (g) any event or
condition occurs that results in any Material Indebtedness becoming due prior to its scheduled maturity or that enables or permits (with or without the giving of notice, the lapse of time or both) the holder or holders of any Material Indebtedness
or any trustee or agent on its or their behalf to cause any Material Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity; provided that this clause (g)
shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness; 
  
 (h) an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization or
other relief in respect of a Loan Party or any Subsidiary of any Loan Party or its debts, or of a substantial part of its assets, under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect or
(ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for any Loan Party or any Material Subsidiary of any Loan Party or for a substantial part of its assets, and, in any such case, such
proceeding or petition shall continue undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered; 
  
 (i) any Loan Party or any Material Subsidiary of any Loan Party shall (i) voluntarily commence any proceeding or file any petition
seeking liquidation, reorganization or other relief under any Federal, state, provincial, territorial or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to
contest in a timely and appropriate manner, any proceeding or petition described in clause (h) of this Article, (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official
for such Loan Party or Material Subsidiary of any Loan Party or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (v) make a general
assignment for the benefit of creditors or (vi) take any action for the purpose of effecting any of the foregoing; 
  
 (j) any Loan Party or any Material Subsidiary of any Loan Party shall become unable, admit in writing its inability or fail generally to
pay its debts as they become due; 
  

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 (k) one or more judgments for the payment of money in an aggregate amount in excess of
$25,000,000 shall be rendered against any Loan Party, any Subsidiary of any Loan Party or any combination thereof and the same shall remain undischarged for a period of 30 consecutive days during which execution shall not be effectively stayed,
or any action shall be legally taken by a judgment creditor to attach or levy upon any assets of any Loan Party or any Subsidiary of any Loan Party to enforce any such judgment or any Loan Party or any Subsidiary of any Loan Party shall fail within
30 days to discharge one or more non-monetary judgments or orders which, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect, which judgments or orders, in any such case, are not stayed on appeal or
otherwise being appropriately contested in good faith by proper proceedings diligently pursued; 
  
 (l) an ERISA Event or a Canadian Pension Event shall have occurred that, in the opinion of the Required Lenders, when taken together with
all other ERISA Events or Canadian Pension Events that have occurred, could reasonably be expected to result in a Material Adverse Effect; 
  
 (m) a Change in Control shall occur; 
  
 (n) the Loan Guaranty shall fail to remain in full force or effect or any action shall be taken to discontinue or to assert the invalidity
or unenforceability of the Loan Guaranty, or any Loan Guarantor shall deny that it has any further liability under the Loan Guaranty, or shall give notice to such effect; 
  
 (o) any Collateral Document shall for any reason fail to create a valid and perfected first priority
security interest in any Collateral purported to be covered thereby, except as permitted by the terms of this Agreement or any Collateral Document, or any Collateral Document shall fail to remain in full force or effect or any action shall be taken
by any Loan Party to discontinue or to assert the invalidity or unenforceability of any Collateral Document; or 
  
 (p) any material provision of this Agreement or any Security Agreement for any reason ceases to be valid, binding and enforceable in
accordance with its terms (or any Loan Party shall challenge the enforceability of this Agreement or any Security Agreement or shall assert in writing, or engage in any action or inaction based on any such assertion, that any material provision of
this Agreement or any Security Agreement has ceased to be or otherwise is not valid, binding and enforceable in accordance with its terms); 
  
 then, and in every such event (other than an event with respect to any Loan Party described in clause (h) or (i) of this Article), and at any time thereafter
during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Borrower, take either or both of the following actions, at the same or different times: (i) terminate
the Commitments, and thereupon the Commitments shall terminate immediately, and (ii) declare the Loans then outstanding to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter
be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall become due and payable
immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by Borrower; and in case of any event with respect to any Loan Party described in clause (h) or (i) of this Article, the
Commitments shall 
  

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 automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon and all
fees and other obligations of the Borrower accrued hereunder, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower. Upon the occurrence and the
continuance of an Event of Default, the Administrative Agent may, and at the request of the Required Lenders shall, increase the rate of interest applicable to the Loans and other Obligations as set forth in this Agreement and exercise any rights
and remedies provided to the Administrative Agent under the Loan Documents or at law or equity, including all remedies provided under the UCC or the Personal Property Security Act. 
  
 ARTICLE VIII 
  
 The Administrative Agent 
  
 Each of the Lenders and each of the Issuing Banks hereby irrevocably appoints the Administrative Agent as its agent and authorizes the Administrative
Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto. 
  
 The bank serving as the Administrative Agent hereunder shall have the same
rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent, and such bank and its Affiliates may accept deposits from, lend money to and generally engage in any kind of
business with the Loan Parties or any Subsidiary of a Loan Party or other Affiliate thereof as if it were not the Administrative Agent hereunder. 
  
 The Administrative Agent shall not have any duties or obligations except those expressly set forth in the Loan Documents. Without limiting the generality
of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether an Event of Default has occurred and is continuing, (b) the Administrative Agent shall not have any duty to
take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated by the Loan Documents that the Administrative Agent is required to exercise in writing as directed by the Required
Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.02), and (c) except as expressly set forth in the Loan Documents, the Administrative Agent shall not have any
duty to disclose, and shall not be liable for the failure to disclose, any information relating to any Loan Party or any of its Subsidiaries that is communicated to or obtained by the bank serving as Administrative Agent or any of its Affiliates in
any capacity. The Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the
circumstances as provided in Section 9.02) or in the absence of its own gross negligence or willful misconduct. The Administrative Agent shall be deemed not to have knowledge of any Event of Default unless and until written notice thereof is
given to the Administrative Agent by the Borrower or a Lender, and the Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with
any Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or in connection with any Loan Document, (iii) the performance or observance of any of the covenants, agreements or other terms or
conditions set forth in any Loan Document, (iv) the validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in
Article IV, the Closing Checklist or elsewhere in any Loan Document, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. 
  

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 The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying
upon, any notice, request, certificate, consent, statement, instrument, document or other writing believed by it to be genuine and to have been signed or sent by the proper Person. The Administrative Agent also may rely upon any statement made to it
orally or by telephone and believed by it to be made by the proper Person, and shall not incur any liability for relying thereon. The Administrative Agent may consult with legal counsel (who may be counsel for a Loan Party), independent accountants
and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 
  
 The Administrative Agent may perform any and all its duties and exercise its rights and powers by or through any one or more
sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers through their respective Related Parties. The exculpatory provisions of the
preceding paragraphs shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided
for herein as well as activities as Administrative Agent. 
  
 Subject to the appointment and acceptance of a successor Administrative Agent as provided in this paragraph, the Administrative Agent may resign at any time by notifying the Lenders, the Issuing Banks and the Borrower. Upon any such
resignation, the Required Lenders shall have the right, in consultation with the Borrower, to appoint a successor. If no successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days
after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may, on behalf of the Lenders and the Issuing Banks, appoint a successor Administrative Agent which shall be a commercial bank or an
Affiliate of any such commercial bank. Upon the acceptance of its appointment as Administrative Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring
Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder. The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor
unless otherwise agreed between the Borrower and such successor. After the Administrative Agent’s resignation hereunder, the provisions of this Article and Section 9.03 shall continue in effect for the benefit of such retiring
Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while it was acting as Administrative Agent. 
  
 Each Lender acknowledges that it has, independently and without reliance upon
the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently
and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon
this Agreement, any other Loan Document or related agreement or any document furnished hereunder or thereunder. 
  
 The Administrative Agent shall have no obligation to any of the Lenders to ensure that the Collateral exists, is owned by the Loan Parties, is cared for,
protected or insured, is unencumbered by others, or that the Liens granted to the Administrative Agent therein have been properly, sufficiently or lawfully created, perfected, protected or enforced, or that such Liens are entitled to any particular
priority, it being understood and agreed that in respect of the Collateral, or any act, omission, or event related thereto, the Administrative Agent may act in any manner it may deem appropriate, in its sole discretion given the Administrative
Agent’s own interest in the Collateral in its capacity as one of the Lenders and that the Administrative Agent shall have no other duty or liability whatsoever to any Lender as to any of the foregoing, provided that the Administrative Agent
shall exercise the same care which it would in dealing with loans for its own account. 
  

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 Each Lender hereby appoints each other Lender as its agent for the purpose of perfecting Liens, for the
benefit of the Administrative Agent and the Lenders, in assets which, in accordance with Article 9 of the UCC or any other applicable law can be perfected only by possession. Should any Lender (other than the Administrative Agent) obtain possession
of any such Collateral, such Lender shall notify the Administrative Agent thereof, and, promptly upon the Administrative Agent’s request therefor shall deliver such Collateral to the Administrative Agent or otherwise deal with such Collateral
in accordance with the Administrative Agent’s instructions. 
  
 Each Lender hereby agrees that (a) it is deemed to have requested that the Administrative Agent furnish such Lender, promptly after it becomes available, and the Administrative Agent agrees to provide, a copy of each Report prepared by
or on behalf of the Administrative Agent; (b) the Administrative Agent (i) makes no representation or warranty, express or implied, as to the completeness or accuracy of any Report or any of the information contained therein or any
inaccuracy or omission contained in or relating to a Report, or (ii) shall not be liable for any information contained in any Report; (c) the Reports are not comprehensive audits or examinations, and that the Administrative Agent or any
other party performing any audit or examination will inspect only specific information regarding the Loan Parties and will rely significantly upon the Loan Parties’ books and records, as well as on representations of the Loan Parties’
personnel and that the Administrative Agent undertakes no obligation to update, correct or supplement the Reports; (d) it will keep all Reports confidential and strictly for its internal use, not share the Report with any Loan Party and not to
distribute any Report to any other Person except as otherwise permitted pursuant to this Agreement; and (e) without limiting the generality of any other indemnification provision contained in this Agreement, it will pay and protect, and
indemnify, defend, and hold the Administrative Agent and any such other Person preparing a Report harmless from and against, the claims, actions, proceedings, damages, costs, expenses, and other amounts (including reasonable attorney fees) incurred
by the Administrative Agent and any such other Person preparing a Report as the direct or indirect result of any third parties who might obtain all or part of any Report through the indemnifying Lender. 
  
 Each Lender shall, upon the request of the Administrative Agent, provide the
Administrative Agent with such information as the Administrative Agent may reasonably request regarding any Banking Service Obligations or Swap Obligations owing to such Lender or its Affiliates. 
  
 The Co-Syndication Agents and Co-Documentation Agents shall not have any
right, power, obligation, liability, responsibility or duty under this Agreement other than those applicable to all Lenders as such. 
  
 For greater certainty, and without limiting the powers of the Administrative Agent or any other Person acting as an agent, attorney-in-fact or mandatary
for the Administrative Agent under this Agreement or under any of the other Loan Documents, each Lender, hereby (a) irrevocably constitutes, to the extent necessary, the Administrative Agent as the holder of an irrevocable power of attorney
(fondé de pouvoir within the meaning of Article 2692 of the Civil Code of Québec) for the purposes of holding any Liens, including hypothecs, granted or to be granted by any Loan Party on movable or immovable property pursuant to the
laws of the Province of Quebec to secure obligations of a Loan Party under any bond issued by a Loan Party; and (b) appoints and agrees that the Administrative Agent, acting as agent for the Lenders, may act as the bondholder and mandatary with
respect to any bond that may be issued and pledged from time to time for the benefit of the Lenders. 
  

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 The said constitution of the fondé de pouvoir (within the meaning of Article 2692 of the Civil
Code of Quebec) as the holder of such irrevocable power of attorney and of the Administrative Agent as bondholder and mandatary with respect to any bond that may be issued and pledged from time to time for the benefit of the Lenders shall be deemed
to have been ratified and confirmed by any assignee by the execution of an Assignment and Assumption. 
  
 Notwithstanding the provisions of Section 32 of An Act respecting the special powers of legal persons (Quebec), the Administrative Agent may
purchase, acquire and be the holder of any bond issued by any Loan Party. Each Loan Party hereby acknowledges that any such bond shall constitute a title of indebtedness, as such term is used in Article 2692 of the Civil Code of Quebec. 

 
 The Administrative Agent herein appointed as fondé de pouvoir shall
have the same rights, powers and immunities as the Administrative Agent as stipulated in Article VIII, which shall apply mutatis mutandis. Without limitation, the provisions of Article VIII of this Agreement shall apply mutatis mutandis to the
resignation and appointment of a successor to the Administrative Agent acting as fondé de pouvoir. 
  
 ARTICLE IX 
  
 Miscellaneous 
  
 SECTION 9.01. Notices.
(a) Except in the case of notices and other communications expressly permitted to be given by telephone (and subject to paragraph (b) below), all notices and other communications provided for herein shall be in writing and shall be
delivered by hand or overnight courier service, mailed by certified or registered mail or sent by facsimile, as follows: 
  
 (i) if to any Loan Party, to the Borrower at: 
  
 403 West 4th Street 
 Newton, Iowa 50208 
 Attention: Vice President and Treasurer 
 Facsimile No: (641) 787-8578 
  
 (ii) if to the Administrative Agent, the Issuing Bank (in the case of Chase) or the Swingline Lender, to JPMorgan Chase Bank, N.A. at: 
  
 JPMorgan Chase Bank, N.A. 
 120 South LaSalle Street 
 Chicago, Illinois 60603 
 Attention: James Gurgone 
 Facsimile No: (312) 661-6929 
  
 (iii) if to any other Lender or Issuing Bank, to it at its address or facsimile number set forth in its Administrative Questionnaire.

  
 All such notices and other communications (i) sent by hand or overnight
courier service, or mailed by certified or registered mail, shall be deemed to have been given when received or (ii) sent by facsimile shall be deemed to have been given when sent, provided that if not given during normal business hours
for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the recipient. 
  

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 (b) Notices and other communications to the Lenders hereunder may be delivered or
furnished by electronic communications (including e-mail and internet or intranet websites) pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to Article II or to
compliance and no Event of Default certificates delivered pursuant to Section 5.01(d) unless otherwise agreed by the Administrative Agent and the applicable Lender. The Administrative Agent or the Borrower (on behalf of the Loan Parties) 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. All such notices and other communications (i) sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt
requested” function, as available, return e-mail or other written acknowledgement), provided that if not given during the normal business hours of the recipient, such notice or communication shall be deemed to have been given at the
opening of business on the next Business Day for the recipient, and (ii) posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing
clause (b)(i) of notification that such notice or communication is available and identifying the website address therefor. 
  
 (c) Any party hereto may change its address or facsimile number for notices and other communications hereunder by notice to the other
parties hereto. 
  
 SECTION 9.02. Waivers; Amendments.
(a) No failure or delay by the Administrative Agent, any Issuing Bank or any Lender in exercising any right or power hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any
such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent, the
Issuing Bank and the Lenders hereunder and under any other Loan Document are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of any Loan Document or consent to any departure by
any Loan Party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given.
Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Event of Default, regardless of whether the Administrative Agent, any Lender or the Issuing Bank may
have had notice or knowledge of such Event of Default at the time. 
  
 (b) Except as provided in Section 2.02(b) with respect to a Commitment Increase, neither this Agreement nor any other Loan Document nor any provision hereof or thereof may be waived, amended or modified except
(i) in the case of this Agreement, pursuant to an agreement or agreements in writing entered into by the Borrower and the Required Lenders or, (ii) in the case of any other Loan Document, pursuant to an agreement or agreements in writing
entered into by the Administrative Agent and the Loan Party or Loan Parties that are parties thereto, with the consent of the Required Lenders; provided that no such agreement shall (i) increase the Commitment of any Lender without the
written consent of each Lender directly affected thereby, (ii) reduce or forgive the principal amount of any Loan or LC Disbursement or reduce the rate of interest thereon, or reduce or forgive any interest or fees payable hereunder, without
the written consent of each Lender directly affected 
  

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 thereby (other than revoking any option to impose default interest pursuant to Section 2.14(d),
which shall require the consent of the Required Lenders only), (iii) postpone the maturity of any Loan, or any scheduled date of payment of the principal amount of any Loan or LC Disbursement, or any date for the payment of any interest, fees
or other Obligations payable hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the scheduled date of expiration of any Commitment, without the written consent of each Lender directly affected thereby, (iv) change
Section 2.19(b) or (d) in a manner that would alter the manner in which payments are shared, without the written consent of each Lender, (v) increase the advance rates set forth in the definition of Borrowing Base, without the written
consent of each Lender, (vi) change any of the provisions of this Section or the definition of “Required Lenders” or any other provision of any Loan Document specifying the number or percentage of Lenders (or Lenders of any Class)
required to waive, amend or modify any rights thereunder or make any determination or grant any consent thereunder, without the written consent of each Lender, (vii) release any Loan Guarantor from its obligation under its Loan Guaranty (except
as otherwise permitted herein or in the other Loan Documents), without the written consent of each Lender, or (viii) except as provided in clauses (d) and (e) of this Section or in any Collateral Document, release all or substantially
all of the Collateral, without the written consent of each Lender; provided further that (i) no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent, the Issuing Banks or the Swingline
Lender hereunder without the prior written consent of the Administrative Agent, the Issuing Banks or the Swingline Lender, as the case may be and (ii) this clause (b) shall not apply to any waiver, modification or amendment to any Loan
Document contemplated by Section 2.02(b) in connection with any Commitment Increase. 
  
 (c) The Administrative Agent may (i) amend the Commitment Schedule to reflect assignments entered into pursuant to
Section 9.04 and any Commitment Increase pursuant to Section 2.02(b) and (ii) waive payment of the fee required under Section 9.04(b)(2)(C). 
  
 (d) The Lenders hereby irrevocably authorize the Administrative Agent, at its option and in its sole
discretion, to release any Liens granted to the Administrative Agent by the Loan Parties on any Collateral (i) upon the termination of the Aggregate Commitment, payment and satisfaction in full in cash of all Secured Obligations (other than
Unliquidated Obligations), and the cash collateralization of all Unliquidated Obligations in a manner satisfactory to each affected Secured Party, (ii) constituting property being sold or disposed of if the Loan Party disposing of such property
certifies to the Administrative Agent that the sale or disposition is made in compliance with the terms of this Agreement (and the Administrative Agent may rely conclusively on any such certificate, without further inquiry), (iii) constituting
property in which no Loan Party has at any time during the term of this Agreement owned any interest, (iv) constituting property leased to a Loan Party under a lease which has expired or been terminated in a transaction permitted under this
Agreement, (v) owned by or leased to any Loan Party which is subject to a purchase money security interest or which is a Capital Lease Obligation, in either case, entered into by such Loan Party pursuant to Section 6.01, or (vi) as
required to effect any sale or other disposition of such Collateral in connection with any exercise of remedies of the Administrative Agent and the Lenders pursuant to Article VII. Upon request by the Administrative Agent at any time, the Lenders
will confirm in writing the Administrative Agent’s authority to release any Liens upon particular types or items of Collateral pursuant to 
  

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 this Section 9.02. Except as provided in the preceding sentence, the Administrative Agent will not
release any Liens on Collateral without the prior written authorization of the Required Lenders; provided that, the Administrative Agent may in its discretion, release its Liens on Collateral valued in the aggregate not in excess of
$15,000,000 during any calendar year without the prior written authorization of the Required Lenders. 
  
 (e) Upon receipt by the Administrative Agent of any authorization required pursuant to clause (d) of this Section 9.02 from the
Required Lenders of the Administrative Agent’s authority to release any Liens upon particular types or items of Collateral, and upon at least five Business Days prior written request by the Loan Parties, the Administrative Agent shall (and is
hereby irrevocably authorized by the Lenders to) execute such documents as may be necessary to evidence the release of its Liens upon such Collateral; provided that, (i) the Administrative Agent shall not be required to execute any such
document on terms which, in the Administrative Agent’s opinion, would expose the Administrative Agent to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty and
(ii) such release shall not in any manner discharge, affect, or impair the Obligations or any Liens (other than those expressly being released) upon (or obligations of the Loan Parties in respect of) all interests retained by the Loan Parties,
including the proceeds of any sale, all of which shall continue to constitute part of the Collateral. 
  
 (f) If, in connection with any proposed amendment, waiver or consent requiring the consent of “each Lender” or “each Lender
affected thereby,” the consent of the Required Lenders is obtained, but the consent of other necessary Lenders is not obtained (any such Lender whose consent is necessary but not obtained being referred to herein as a “Non-Consenting
Lender”), then, so long as the Administrative Agent is not a Non-Consenting Lender, the Borrower may elect to replace a Non-Consenting Lender as a Lender party to this Agreement, provided that, concurrently with such replacement,
(i) another bank or other entity which is reasonably satisfactory to the Borrower and the Administrative Agent shall agree, as of such date, to purchase for cash the Loans and other Obligations due to the Non-Consenting Lender pursuant to an
Assignment and Assumption and to become a Lender for all purposes under this Agreement and to assume all obligations of the Non-Consenting Lender to be terminated as of such date and to comply with the requirements of clause (b) of
Section 9.04, and (ii) the Borrower shall pay to such Non-Consenting Lender in same day funds on the day of such replacement (1) all interest, fees and other amounts then accrued but unpaid to such Non-Consenting Lender by the
Borrower hereunder to and including the date of termination, including without limitation payments due to such Non-Consenting Lender under Sections 2.16 and 2.18, and (2) an amount, if any, equal to the payment which would have been due to such
Lender on the day of such replacement under Section 2.17 had the Loans of such Non-Consenting Lender been prepaid on such date rather than sold to the replacement Lender. 
  
 SECTION 9.03. Expenses; Indemnity; Damage Waiver. (a) The Borrower shall pay (i) all reasonable
out-of-pocket expenses incurred by the Administrative Agent and its Affiliates, including the reasonable fees, charges and disbursements of counsel for the Administrative Agent, in connection with the syndication and distribution (including, without
limitation, via the internet or through a service such as Intralinks) of the credit facilities provided for herein, the preparation and administration of the Loan Documents or any amendments, modifications or waivers of the provisions of the Loan
Documents 
  

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 (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable
out-of-pocket expenses incurred by the Issuing Banks in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket expenses incurred by the
Administrative Agent, any Issuing Bank or any Lender, including the fees, charges and disbursements of any counsel for the Administrative Agent, any Issuing Bank or any Lender, in connection with the enforcement, collection or protection of its
rights in connection with the Loan Documents after an Event of Default, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during
any workout, restructuring or negotiations in respect of such Loans or Letters of Credit or during any insolvency proceeding with respect to any Loan Party. Expenses being reimbursed by the Borrower under this Section include, without limiting the
generality of the foregoing, costs and expenses incurred in connection with: 
  
 (1) subject to Section 5.10, appraisals of all or any portion of the Collateral (including travel, lodging, meals and other out of pocket expenses of the appraisers); 
  
 (2) subject to Section 5.06, field examinations and the
preparation of Reports based on the fees charged by a third party retained by the Administrative Agent or the internally allocated fees for each Person employed by the Administrative Agent with respect to each field examination (which shall be a per
day charge of $850 per examiner), plus in each case travel, lodging, meals and other out of pocket expenses; 
  
 (3) taxes, fees and other charges for filing financing statements and continuations, and other actions to perfect, protect, and continue
the Administrative Agent’s Liens; 
  
 (4)
sums paid or incurred to take any action required of any Loan Party under the Loan Documents that such Loan Party fails to pay or take; and 
  
 (5) costs and expenses of forwarding loan proceeds, collecting checks and other items of payment, and establishing and maintaining the
accounts and lock boxes, and costs and expenses of preserving and protecting the Collateral. 
  
 All of the foregoing costs and expenses may be charged to the Borrower as Revolving Loans or to another deposit account, all as described in Section 2.19(c). 
  
 (b) The Borrower shall indemnify the Administrative Agent,
each Issuing Bank and each Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages,
penalties, liabilities and related expenses, including the fees, charges and disbursements of any counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the execution
or delivery of the Loan Documents or any agreement or instrument contemplated thereby, the performance by the parties hereto of their respective obligations thereunder or the consummation of the Transactions or any other transactions contemplated
hereby, (ii) any Loan or Letter of Credit or the use of the proceeds therefrom (including any refusal by an Issuing Bank to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not
strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by the Borrower or any of its Subsidiaries, or any Environmental
Liability 
  

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 related in any way to the Borrower or any of its Subsidiaries, or (iv) any actual or prospective
claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to
any Indemnitee, be available to the extent that such losses, claims, damages, penalties, liabilities or related expenses resulted from the gross negligence or willful misconduct of such Indemnitee. 
  
 (c) To the extent that the Borrower fails to pay any amount
required to be paid by it to the Administrative Agent, any Issuing Bank or the Swingline Lender under paragraph (a) or (b) of this Section, each Lender severally agrees to pay to the Administrative Agent, any Issuing Bank or the Swingline
Lender, as the case may be, such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified
loss, claim, damage, penalty, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, any Issuing Bank or the Swingline Lender in its capacity as such. 
  
 (d) The relationship between any Loan Party on the one hand
and the Lenders, the Issuing Banks and the Administrative Agent on the other hand shall be solely that of debtor and creditor. Neither the Administrative Agent, any Issuing Bank nor any Lender (i) shall have any fiduciary responsibilities to
any Loan Party or (ii) undertakes any responsibility to any Loan Party to review or inform such Loan Party of any matter in connection with any phase of any Loan Party’s business or operations. To the extent permitted by applicable law, no
Loan Party shall assert, and each hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or
as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. 
  
 (e) All amounts due under this Section shall be payable not later than ten (10) Business Days after
written demand therefor and, in the case of any expenses referred to in paragraph (a), upon presentation of reasonably detailed supporting documentation. 
  
 SECTION 9.04. Successors and Assigns. (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns permitted hereby (including any Affiliate of any Issuing Bank that issues any Letter of Credit), except that (i) neither the Borrower nor (except as otherwise permitted herein) any other Loan
Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender (and any such attempted assignment or transfer by the Borrower or any other Loan Party 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. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other
than the parties hereto, their respective successors and assigns permitted hereby (including any Affiliate of any Issuing Bank that issues any Letter of Credit), Participants (to the extent provided in paragraph (c) of this Section) and, to the
extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the Issuing Banks and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
  

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 (b)(1) Subject to the conditions set forth in paragraph (b)(2) below, any Lender may
assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it) 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 or, if an Event of Default has occurred and is continuing, any other assignee; 
  
 (B) the Administrative Agent; and 
  
 (C) the Issuing Banks. 
  
 (2) Assignments shall be subject to the following additional
conditions: 
  
 (A) except in the case of an
assignment to a Lender or an Affiliate of a Lender or an assignment of the entire remaining amount of the assigning Lender’s Commitment or Loans of any Class, the amount of the Commitment or Loans of the assigning Lender subject to each such
assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent) shall not be less than $5,000,000 unless each of the Borrower and the Administrative Agent otherwise
consent, provided that no such consent of the Borrower shall be required if an Event of Default has occurred and is continuing; 
  
 (B) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and
obligations under this Agreement; 
  
 (C) the
parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together (except in the case of an assignment by a Lender to an Affiliate of such Lender) with a processing and recordation fee of $3,500;
and 
  
 (D) the assignee, if it shall not be a
Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. 
  
 For the purposes of this Section 9.04(b), the term “Approved Fund” has the following meaning: 
  
 “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 of its business and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a
Lender. 
  
 (3) Subject to acceptance and
recording thereof pursuant to paragraph (b)(4) of this Section, 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 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 
  

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 covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender
shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.16, 2.17, 2.18 and 9.03). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this
Section 9.04 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. 
  
 (4) 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 Commitment of, and principal amount of the
Loans and LC Disbursements owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, and the Borrower, the Administrative Agent, the Issuing Banks and the
Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the
Borrower, the Issuing Banks and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 
  
 (5) 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), the processing and recordation fee referred to in paragraph (b) of this Section and any written consent to such assignment required by paragraph
(b) of this Section, the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register; provided that if either the assigning Lender or the assignee shall have failed to make any
payment required to be made by it pursuant to Section 2.06, 2.07(d) or (e), 2.08(b), 2.19(d) or 9.03(c), the Administrative Agent shall have no obligation to accept such Assignment and Assumption and record the information therein in the
Register unless and until such payment shall have been made in full, together with all accrued interest thereon. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this
paragraph. 
  
 (c)(1) Any Lender may, without the
consent of the Borrower, the Administrative Agent, the Issuing Banks or the Swingline Lender, sell participations 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 Commitment 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 Banks and the other Lenders shall continue to deal solely and directly with such Lender in
connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement
and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment,
modification or waiver described in the first proviso to Section 9.02(b) that affects such Participant. Subject to paragraph (c)(ii) of this Section, the Borrower agrees that each Participant shall be entitled to the benefits 
  

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 of Sections 2.16, 2.17 and 2.18 to the same extent as if it were a Lender and had acquired its interest
by assignment pursuant to paragraph (b) of this Section. To the extent permitted by law and if the Borrower is given prior notice of the existence of such Participant, each Participant also shall be entitled to the benefits of Section 9.08
as though it were a Lender, provided such Participant agrees to be subject to Section 2.19(d) as though it were a Lender. 
  
 (2) A Participant shall not be entitled to receive any greater payment under Section 2.16 or 2.18 than the applicable Lender would
have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender
if it were a Lender shall not be entitled to the benefits of Section 2.18 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with
Section 2.18(e) as though it were a Lender. 
  
 (d) Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including without limitation any pledge or assignment to secure obligations
to a Federal Reserve Bank, and this Section 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. 
  
 SECTION 9.05. Survival. All covenants, agreements, representations and warranties made by the Loan Parties in the Loan Documents and in the certificates or other instruments delivered in connection with or
pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of the Loan Documents and the making of any Loans and issuance of any Letters
of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent, any Issuing Bank or any Lender may have had notice or knowledge of any Event of Default or incorrect
representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement is
outstanding and unpaid or any Letter of Credit is outstanding and so long as the Commitments have not expired or terminated. The provisions of Sections 2.16, 2.17, 2.18 and 9.03 and Article VIII shall survive and remain in full force and effect
regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters of Credit and the Commitments or the termination of this Agreement or any provision hereof. 

 
 SECTION 9.06. Counterparts; Integration; Effectiveness. This
Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement, the other
Loan Documents and any separate letter agreements with respect to fees payable to the Administrative Agent constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and
understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent
shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns. Delivery of an executed counterpart of a signature page of this Agreement by facsimile shall be effective as delivery of a manually executed counterpart of this Agreement. 
  

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 SECTION 9.07. Severability. Any provision of any Loan Document held to be invalid, illegal or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions thereof; and
the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 
  
 SECTION 9.08. Right of Setoff. If an Event of Default shall have occurred and be continuing or if any Loan Guarantor becomes insolvent, however
evidenced, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at
any time held and other obligations at any time owing by such Lender or Affiliate to or for the credit or the account of any Loan Guarantor against any of and all the Obligations held by such Lender, irrespective of whether or not such Lender shall
have made any demand under the Loan Documents and although such obligations may be unmatured. The rights of each Lender under this Section are in addition to other rights and remedies (including other rights of setoff) which such Lender may have.

  
 SECTION 9.09. Governing Law; Jurisdiction; Consent to
Service of Process. (a) The Loan Documents (other than those containing a contrary express choice of law provision) shall be governed by and construed in accordance with the internal laws (including, without limitation, 735 ILCS
Section 105/5-1 et seq, but otherwise without regard to the conflict of laws provisions) of the State of Illinois, but giving effect to federal laws applicable to national banks. 
  
 (b) Each Loan Party hereby irrevocably and unconditionally submits, for itself and its property, to the
nonexclusive jurisdiction of any U.S. Federal or Illinois State court sitting in Chicago, Illinois in any action or proceeding arising out of or relating to any Loan Documents, or for recognition or enforcement of any judgment, and each of the
parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such Illinois State or, to the extent permitted by law, in such Federal court. Each of the
parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or any other Loan
Document shall affect any right that the Administrative Agent, any Issuing Bank or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against any Loan Party or its properties in the
courts of any jurisdiction. 
  
 (c) Each Loan
Party hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to
this Agreement or any other Loan Document in any court referred to in paragraph (b) of this Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such court. 
  
 (d) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 9.01. Nothing in this Agreement or any other Loan Document will affect the right of any
party to this Agreement to serve process in any other manner permitted by law. 
  

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 SECTION 9.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED THEREBY (WHETHER BASED ON
CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO
ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
  
 SECTION 9.11. Headings. Article and Section headings and the Table of
Contents used herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 
  
 SECTION 9.12. Confidentiality. Each of the Administrative Agent, the
Issuing Banks and the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees and agents, including
accountants, legal counsel and other advisors (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to
the extent requested by any regulatory authority, (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party to this Agreement, (e) in connection with the exercise
of any remedies hereunder or any suit, action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as
those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or (ii) any actual or prospective counterparty (or its advisors) to
any swap or derivative transaction relating to the Loan Parties and their obligations, (g) with the consent of the Borrower or (h) to the extent such Information (i) becomes publicly available other than as a result of a breach of
this Section or (ii) becomes available to the Administrative Agent, the Issuing Bank or any Lender on a nonconfidential basis from a source other than the Borrower. For the purposes of this Section, “Information” means all
information received from the Borrower relating to the Borrower or its business, other than any such information that is available to the Administrative Agent, any Issuing Bank or any Lender on a nonconfidential basis prior to disclosure by the
Borrower; provided that, in the case of information received from the Borrower after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of
Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own
confidential information. 
  
 SECTION 9.13. Several
Obligations; Nonreliance; Violation of Law. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any other
Lender from any of its obligations hereunder. Each Lender hereby represents that it is not relying on or looking to any margin stock for the repayment of the Borrowings provided for herein. Anything contained in this Agreement to the contrary
notwithstanding, neither any Issuing Bank nor any Lender shall be obligated to extend credit to the Borrower in violation of any limitation or prohibition provided by any applicable statute or regulation. 
  

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 SECTION 9.14. USA PATRIOT Act. Each Lender that is subject to the requirements of the USA Patriot
Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”) hereby notifies the Borrower that pursuant to the requirements of the Act, it is required to obtain, verify and record information that identifies the
Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender to identify the Borrower in accordance with the Act. 
  
 SECTION 9.15. Disclosure. Each Loan Party and each Lender hereby acknowledges and agrees that the Administrative
Agent and/or its Affiliates from time to time may hold investments in, make other loans to or have other relationships with any of the Loan Parties and their respective Affiliates. 
  
 SECTION 9.16. Execution of Loan Documents. The Lenders hereby empower and authorize the Administrative Agent, on
behalf of the Lenders, to execute and deliver to the Loan Parties the other Loan Documents and all related agreements, certificates, documents, or instruments as shall be necessary or appropriate to effect the purposes of the Loan Documents. Each
Lender agrees that any action taken by the Administrative Agent or the Required Lenders in accordance with the terms of this Agreement or the other Loan Documents, and the exercise by the Administrative Agent or the Required Lenders of their
respective powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of the Lenders. The Lenders acknowledge that all of the Obligations hereunder constitute one debt,
secured pari passu by all of the Collateral. 
  
 SECTION 9.17.
Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at any time the interest rate applicable to any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable
law (collectively the “Charges”), shall exceed the maximum lawful rate (the “Maximum Rate”) which may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with
applicable law, the rate of interest payable in respect of such Loan hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been
payable in respect of such Loan but were not payable as a result of the operation of this Section shall be cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the
Maximum Rate therefore) until such cumulated amount, together with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender. 
  
 SECTION 9.18. English Language. The parties hereto confirm that it is their wish that this Agreement, as well
as any other documents relating to this Agreement, including notices, schedules and authorizations, have been and shall be drawn up in the English language only. Les signataires conferment leur volonté que la présente convention, de
même que tous les documents s’y rattachant, y compris tout avis, annexe et autorisation, soient rédigés en anglais seulement. 
  
 ARTICLE X 
  
 Loan Guaranty 
  
 SECTION 10.01. Guaranty. Each Loan Guarantor hereby agrees that it is jointly and severally liable for, and, as primary obligor and not merely as surety, absolutely and unconditionally guarantees to the Lenders
the prompt payment when due, whether at stated maturity, upon acceleration or 
  

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 otherwise, and at all times thereafter, of the Secured Obligations and all costs and expenses including, without
limitation, all court costs and attorneys’ and paralegals’ fees (including allocated costs of in-house counsel and paralegals) and expenses paid or incurred by the Administrative Agent, the Issuing Banks and the Lenders in endeavoring to
collect all or any part of the Secured Obligations from, or in prosecuting any action against, the Borrower, any Loan Guarantor or any other guarantor of all or any part of the Secured Obligations (such costs and expenses, together with the Secured
Obligations, collectively the “Guaranteed Obligations”). Each Loan Guarantor further agrees that the Guaranteed Obligations may be extended or renewed by the Borrower in whole or in part without notice to or further assent from it,
and that it remains bound upon its guarantee notwithstanding any such extension or renewal. All terms of this Loan Guaranty apply to and may be enforced by or on behalf of any domestic or foreign branch or Affiliate of any Lender that extended any
portion of the Guaranteed Obligations. 
  
 SECTION 10.02.
Guaranty of Payment. This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Guarantor waives any right to require the Administrative Agent, any Issuing Bank or any Lender to sue the Borrower, any Loan Guarantor, any
other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations (each, an “Obligated Party”), or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed
Obligations. 
  
 SECTION 10.03. No Discharge or Diminishment of
Loan Guaranty. (a) Except as otherwise provided for herein, the obligations of each Loan Guarantor hereunder are unconditional and absolute and not subject to any reduction, limitation, impairment or termination for any reason (other than
the indefeasible payment in full in cash of the Guaranteed Obligations), including: (i) any claim of waiver, release, extension, renewal, settlement, surrender, alteration, or compromise of any of the Guaranteed Obligations, by operation of law
or otherwise; (ii) any change in the corporate existence, structure or ownership of the Borrower or any other guarantor of or other person liable for any of the Guaranteed Obligations; (iii) any insolvency, bankruptcy, reorganization or
other similar proceeding affecting any Obligated Party, or their assets or any resulting release or discharge of any obligation of any Obligated Party; or (iv) the existence of any claim, setoff or other rights which any Loan Guarantor may have
at any time against any Obligated Party, the Administrative Agent, any Issuing Bank, any Lender, or any other person, whether in connection herewith or in any unrelated transactions. 
  
 (b) The obligations of each Loan Guarantor hereunder are not subject to any defense or setoff, counterclaim,
recoupment, or termination whatsoever by reason of the invalidity, illegality, or unenforceability of any of the Guaranteed Obligations or otherwise, or any provision of applicable law or regulation purporting to prohibit payment by any Obligated
Party, of the Guaranteed Obligations or any part thereof. 
  
 (c) Further, the obligations of any Loan Guarantor hereunder are not discharged or impaired or otherwise affected by: (i) the failure of the Administrative Agent, any Issuing Bank or any Lender to assert any
claim or demand or to enforce any remedy with respect to all or any part of the Guaranteed Obligations; (ii) any waiver or modification of or supplement to any provision of any agreement relating to the Guaranteed Obligations; (iii) any
release, non-perfection, or invalidity of any indirect or direct security for the obligations of the Borrower for all or any part of the Guaranteed Obligations or any obligations of any other guarantor of or other person liable for any of the
Guaranteed Obligations; (iv) any action or failure to act by the Administrative Agent, any Issuing Bank or any Lender with respect to any collateral securing any part of the Guaranteed Obligations; or (v) any default, failure or delay,
willful or otherwise, in the payment or performance of any of the Guaranteed Obligations, or any other circumstance, act, omission or delay that might in any manner 
  

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 or to any extent vary the risk of such Loan Guarantor or that would otherwise operate as a discharge of
any Loan Guarantor as a matter of law or equity (other than the indefeasible payment in full in cash of the Guaranteed Obligations). 
  
 SECTION 10.04. Defenses Waived. To the fullest extent permitted by applicable law, each Loan Guarantor hereby waives any defense based on or
arising out of any defense of the Borrower or any Loan Guarantor or the unenforceability of all or any part of the Guaranteed Obligations from any cause, or the cessation from any cause of the liability of the Borrower or any Loan Guarantor, other
than the indefeasible payment in full in cash of the Guaranteed Obligations. Without limiting the generality of the foregoing, each Loan Guarantor irrevocably waives acceptance hereof, presentment, demand, protest and, to the fullest extent
permitted by law, any notice not provided for herein, as well as any requirement that at any time any action be taken by any person against any Obligated Party, or any other person. The Administrative Agent may, at its election, foreclose on any
Collateral held by it by one or more judicial or nonjudicial sales, accept an assignment of any such Collateral in lieu of foreclosure or otherwise act or fail to act with respect to any collateral securing all or a part of the Guaranteed
Obligations, compromise or adjust any part of the Guaranteed Obligations, make any other accommodation with any Obligated Party or exercise any other right or remedy available to it against any Obligated Party, without affecting or impairing in any
way the liability of such Loan Guarantor under this Loan Guaranty except to the extent the Guaranteed Obligations have been fully and indefeasibly paid in cash. To the fullest extent permitted by applicable law, each Loan Guarantor waives any
defense arising out of any such election even though that election may operate, pursuant to applicable law, to impair or extinguish any right of reimbursement or subrogation or other right or remedy of any Loan Guarantor against any Obligated Party
or any security. 
  
 SECTION 10.05. Rights of Subrogation.
No Loan Guarantor will assert any right, claim or cause of action, including, without limitation, a claim of subrogation, contribution or indemnification that it has against any Obligated Party, or any collateral, until the Loan Parties and the Loan
Guarantors have fully performed all their obligations to the Administrative Agent, the Issuing Banks and the Lenders. 
  
 SECTION 10.06. Reinstatement; Stay of Acceleration. If at any time any payment of any portion of the Guaranteed Obligations is rescinded or must
otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or otherwise, each Loan Guarantor’s obligations under this Loan Guaranty with respect to that payment shall be reinstated at such time as
though the payment had not been made and whether or not the Administrative Agent, the Issuing Banks and the Lenders are in possession of this Loan Guaranty. If acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon
the insolvency, bankruptcy or reorganization of the Borrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed Obligations shall nonetheless be payable by the Loan Guarantors forthwith on
demand by the Lender. 
  
 SECTION 10.07. Information. Each
Loan Guarantor assumes all responsibility for being and keeping itself informed of the Borrower’s financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature,
scope and extent of the risks that each Loan Guarantor assumes and incurs under this Loan Guaranty, and agrees that neither the Administrative Agent, any Issuing Bank nor any Lender shall have any duty to advise any Loan Guarantor of information
known to it regarding those circumstances or risks. 
  
 SECTION
10.08. Termination. The Lenders may continue to make loans or extend credit to the Borrower based on this Loan Guaranty until five days after it receives written notice of termination from any Loan Guarantor. Notwithstanding receipt of any
such notice, each Loan Guarantor will continue to be liable to the Lenders for any Guaranteed Obligations created, assumed or committed to prior to the fifth day after receipt of the notice, and all subsequent renewals, extensions, modifications and
amendments with respect to, or substitutions for, all or any part of that Guaranteed Obligations. 
  

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 SECTION 10.09. Taxes. All payments of the Guaranteed Obligations will be made by each Loan
Guarantor free and clear of and without deduction for any Indemnified Taxes or Other Taxes; provided that if any Loan Guarantor shall be required to deduct any Indemnified Taxes or Other Taxes from such payments, then (i) the sum payable
shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent, Lender or Issuing Bank (as the case may be) receives an amount
equal to the sum it would have received had no such deductions been made, (ii) such Loan Guarantor shall make such deductions and (iii) such Loan Guarantor shall pay the full amount deducted to the relevant Governmental Authority in
accordance with applicable law. 
  
 SECTION 10.10. Maximum
Liability. The provisions of this Loan Guaranty are severable, and in any action or proceeding involving any state corporate law, or any state, provincial or territorial, federal or foreign bankruptcy, insolvency, reorganization or other law
affecting the rights of creditors generally, if the obligations of any Loan Guarantor under this Loan Guaranty would otherwise be held or determined to be avoidable, invalid or unenforceable on account of the amount of such Loan Guarantor’s
liability under this Loan Guaranty, then, notwithstanding any other provision of this Loan Guaranty to the contrary, the amount of such liability shall, without any further action by the Loan Guarantors or the Lenders, be automatically limited and
reduced to the highest amount that is valid and enforceable as determined in such action or proceeding (such highest amount determined hereunder being the relevant Loan Guarantor’s “Maximum Liability”. This Section with respect
to the Maximum Liability of each Loan Guarantor is intended solely to preserve the rights of the Lenders to the maximum extent not subject to avoidance under applicable law, and no Loan Guarantor nor any other person or entity shall have any right
or claim under this Section with respect to such Maximum Liability, except to the extent necessary so that the obligations of any Loan Guarantor hereunder shall not be rendered voidable under applicable law. Each Loan Guarantor agrees that the
Guaranteed Obligations may at any time and from time to time exceed the Maximum Liability of each Loan Guarantor without impairing this Loan Guaranty or affecting the rights and remedies of the Lenders hereunder, provided that, nothing in
this sentence shall be construed to increase any Loan Guarantor’s obligations hereunder beyond its Maximum Liability. 
  
 SECTION 10.11. Contribution. In the event any Loan Guarantor (a “Paying Guarantor”) shall make any payment or payments under this
Loan Guaranty or shall suffer any loss as a result of any realization upon any collateral granted by it to secure its obligations under this Loan Guaranty, each other Loan Guarantor (each a “Non-Paying Guarantor”) shall contribute
to such Paying Guarantor an amount equal to such Non-Paying Guarantor’s “Applicable Percentage” of such payment or payments made, or losses suffered, by such Paying Guarantor. For purposes of this Article X, each Non-Paying
Guarantor’s “Applicable Percentage” with respect to any such payment or loss by a Paying Guarantor shall be determined as of the date on which such payment or loss was made by reference to the ratio of (i) such Non-Paying
Guarantor’s Maximum Liability as of such date (without giving effect to any right to receive, or obligation to make, any contribution hereunder) or, if such Non-Paying Guarantor’s Maximum Liability has not been determined, the aggregate
amount of all monies received by such Non-Paying Guarantor from the Borrower after the date hereof (whether by loan, capital infusion or by other means) to (ii) the aggregate Maximum Liability of all Loan Guarantors hereunder (including such
Paying Guarantor) as of such date (without giving effect to any right to receive, or obligation to make, any contribution hereunder), or to the extent that a Maximum Liability has not been determined for any Loan Guarantor, the aggregate amount of
all monies received by such Loan Guarantors from the Borrower after the date hereof (whether by loan, capital infusion or by other means). Nothing in this provision shall affect any Loan Guarantor’s several liability for the entire amount of
the Guaranteed Obligations (up to such Loan Guarantor’s Maximum Liability). Each of the Loan Guarantors covenants and agrees that its 
  

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 right to receive any contribution under this Loan Guaranty from a Non-Paying Guarantor shall be subordinate and junior in
right of payment to the payment in full in cash of the Guaranteed Obligations. This provision is for the benefit of both the Administrative Agent, the Issuing Bank, the Lenders and the Loan Guarantors and may be enforced by any one, or more, or all
of them in accordance with the terms hereof. 
  
 SECTION 10.12.
Liability Cumulative. The liability of each Loan Party as a Loan Guarantor under this Article X is in addition to and shall be cumulative with all liabilities of each Loan Party to the Administrative Agent, the Issuing Bank and the Lenders
under this Agreement and the other Loan Documents to which such Loan Party is a party or in respect of any obligations or liabilities of the other Loan Parties, without any limitation as to amount, unless the instrument or agreement evidencing or
creating such other liability specifically provides to the contrary. 
  
 SECTION 10.13. Judgment Currency. 
  
 (a) If, for the purpose of obtaining or enforcing judgment against any Loan Party in any court in any jurisdiction, it becomes necessary to convert into any other currency (such other currency being hereinafter in
this Section 10.13 referred to as the “Judgment Currency”) an amount due under any Loan Document in any currency (the “Obligation Currency”) other than the Judgment Currency, the conversion shall be made at the
rate of exchange prevailing on the Business Day immediately preceding the date of actual payment of the amount due, in the case of any proceeding in the courts of the Province of Ontario or in the courts of any other jurisdiction that will give
effect to such conversion being made on such date, or the date on which the judgment is given, in the case of any proceeding in the courts of any other jurisdiction (the applicable date as of which such conversion is made pursuant to this
Section 10.13 being hereinafter in this Section 10.13 referred to as the “Judgment Conversion Date”). 
  
 (b) If, in the case of any proceeding in the court of any jurisdiction referred to in Section 10.13(a), there is a change in the rate
of exchange prevailing between the Judgment Conversion Date and the date of actual receipt for value of the amount due, the applicable Loan Party or Loan Parties shall pay such additional amount (if any, but in any event not a lesser amount) as may
be necessary to ensure that the amount actually received in the Judgment Currency, when converted at the rate of exchange prevailing on the date of payment, will produce the amount of the Obligation Currency which could have been purchased with the
amount of the Judgment Currency stipulated in the judgment or judicial order at the rate of exchange prevailing on the Judgment Conversion Date. Any amount due from any Loan Party under this Section 10.13(b) shall be due as a separate debt and
shall not be affected by judgment being obtained for any other amounts due under or in respect of any of the Loan Documents. 
  
 (c) The term “rate of exchange” in this Section 10.13 means the rate of exchange at which the Administrative Agent, on the
relevant date at or about 12:00 noon (New York time), would be prepared to sell, in accordance with the Administrative Agent’s normal course foreign currency exchange practices, the Obligation Currency against the Judgment Currency. 

 
 [Signature Pages Follow] 
  
 [Remainder of This Page Intentionally Left Blank] 
  

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

			
	MAYTAG CORPORATION, as the Borrower
		
	By:	 	 /s/ Steve Klyn


	Name:	 	Steven J. Klyn
	Title:	 	Vice President and Treasurer
	
	 MAYTAG MANUFACTURING, LLC, as a Loan
 Guarantor

		
	By:	 	 /s/ Steve Klyn


	Name:	 	Steven J. Klyn
	Title:	 	Treasurer
	
	MAYTAG SALES, INC., as a Loan Guarantor
		
	By:	 	 /s/ Steve Klyn


	Name:	 	Steven J. Klyn
	Title:	 	Treasurer
	
	MAYTAG SERVICES, LLC, as a Loan Guarantor
		
	By:	 	 /s/ Steve Klyn


	Name:	 	Steven J. Klyn
	Title:	 	Treasurer
	
	THE HOOVER COMPANY, as a Loan Guarantor
		
	By:	 	 /s/ Steve Klyn


	Name:	 	Steven J. Klyn
	Title:	 	Treasurer
	
	HOOVER GENERAL, LLC, as a Loan Guarantor
		
	By:	 	 /s/ Steve Klyn


	Name:	 	Steven J. Klyn
	Title:	 	Treasurer
	
	HOOVER LIMITED, LLC, as a Loan Guarantor
		
	By:	 	 /s/ Steve Klyn


	Name:	 	Steven J. Klyn
	Title:	 	Treasurer


  
 [Signature Page
to Credit Agreement] 








			
	 THE HOOVER COMPANY I LP, as a Loan
 Guarantor

		
	By:	 	 /s/ Steve Klyn


	Name:	 	Steven J. Klyn
	Title:	 	Treasurer
	
	 MAYTAG INTERNATIONAL, INC., as a Loan
 Guarantor

		
	By:	 	 /s/ Steve Klyn


	Name:	 	Steven J. Klyn
	Title:	 	Treasurer


  
 [Signature Page
to Credit Agreement] 








			
	 JPMORGAN CHASE BANK, N.A., individually, as
Administrative Agent, Issuing Bank, Swingline Lender and
 a Lender

		
	By:	 	 /s/ James Gurgone


	Name:	 	James Gurgone
	Title:	 	Vice President


  
 [Additional
Signature Pages Not Included]