----

**Exhibit        (10)-y**

|   | **A****llen                  & Overy LLP**                                                                                                                                                                                                                                                                                                                                                                                                   |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |  **CONFORMED                  COPY**                                                                                                                                                                                                                                                                                                                                                                                                        |
|   |  **AGREEMENT**                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   |     Arranged                  by **CITIGROUP                  GLOBAL MARKETS LIMITED** **J.                  P. MORGAN PLC** and **KEYBANC                  CAPITAL MARKETS** with **CITIBANK                  INTERNATIONAL PLC**as                  Facility Agent  CREDIT                  FACILITYUS$375,000,000                  for**BAUSCH                  & LOMB B.V.** |
|   |  29                  November 2005                                                                                                                                                                                                                                                                                                                                                                                                          |

----

**Contents**

| **Clause** |                                                              | **Page** |
|------------|-------------------------------------------------------------------|----------|
|       |                                                              |     |
| 1.    | Interpretation                                               | 1   |
| 2.    | Facility                                                     | 13  |
| 3.    | Purpose                                                      | 15  |
| 4.    | Conditions                  Precedent                        | 15  |
| 5.    | Utilisation                  - Loan                          | 16  |
| 6.    | Repayment                                                    | 17  |
| 7.    | Prepayment                  and Cancellation or Assignment   | 17  |
| 8.    | Interest                                                     | 20  |
| 9.    | Interest                  Periods                            | 22  |
| 10.   | Market                  Disruption                           | 22  |
| 11.   | Taxes                                                        | 23  |
| 12.   | Increased                  Costs                             | 26  |
| 13.   | Mitigation                                                   | 26  |
| 14.   | Payments                                                     | 27  |
| 15.   | Guarantee                  and Indemnity                     | 29  |
| 16.   | Representations                  and Warranties              | 32  |
| 17.   | Positive                  Covenants                          | 35  |
| 18.   | Negative                  Covenants and Financial Covenants  | 38  |
| 19.   | Default                                                      | 41  |
| 20.   | The                  Administrative Parties                  | 45  |
| 21.   | Evidence                  and Calculations                   | 50  |
| 22.   | Fees                                                         | 51  |
| 23.   | Indemnities                  and Break Costs                 | 51  |
| 24.   | Expenses                                                     | 53  |
| 25.   | Amendments                  and Waivers                      | 53  |
| 26.   | Changes                  to the Parties                      | 54  |
| 27.   | Disclosure                  of Information                   | 59  |
| 28.   | Set-off                                                      | 60  |
| 29.   | Pro                  Rata Sharing                            | 60  |
| 30.   | Severability                                                 | 61  |
| 31.   | Counterparts                                                 | 61  |
| 32.   | Notices                                                      | 61  |
| 33.   | Language                                                     | 64  |
| 34.   | Governing                  Law                               | 64  |
| 35.   | Enforcement                                                  | 64  |

----

| **Schedule**  | **Page**                                                                        |
|--------------------|--------------------------------------------------------------------------------------|
| 1.            | Original                  Parties                                               | 66  |
|               | Part                  1 Original                  Lenders and Commitments  | 66  |
|               | Part                  2 Mandated                  Lead Arrangers           | 67  |
| 2.            | Conditions                  Precedent Documents                                 | 68  |
| 3.            | Form                  of Request                                                | 69  |
| 4.            | Calculation                  of the Mandatory Cost                              | 70  |
| 5.            | Forms                  of Transfer Certificate                                  | 73  |
|               | Part                  1 Form                  for Transfers by Assignment  | 73  |
|               | Part                  2 Form                  for Transfers by Novation    | 75  |
| 6.            | Material                  Subsidiaries                                          | 77  |
| 7.            | Form                  of Standing Payment Instructions                          | 78  |
|               |                                                                                 |   |
| Signatories   |                                                                                 | 79  |

|   |   |
|--------|--------|

**THIS        AGREEMENT**

**BETWEEN**

| (1)   | **BAUSCH                & LOMB B.V.**(the                **Company**); |
|-----------------|----------------------------------------------------------------------------|
| (2)**  ** | **BAUSCH                & LOMB INCORPORATED**,                a                New York corporation (the **Guarantor**); |
|---------------------|------------------------------------------------------------------------------------------------------------------------------|
| (3)   | **THE                FINANCIAL INSTITUTIONS**                listed in Part                2                of                Schedule                1                (Mandated Lead Arrangers) as **Mandated                Lead Arrangers**; |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4)   | **THE                FINANCIAL INSTITUTIONS**                listed in Part 1 of Schedule                1                (Original Lenders and Commitments) as **Original                Lenders**; |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (5)   | **CITIBANK                INTERNATIONAL PLC**                as                facility agent (in this capacity the **Facility                Agent**). |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

**IT        IS AGREED**

| **1.  ** | **INTERPRETATION** |
|--------------------|--------------------|
| **1.1  ** | **Definitions** |
|---------------------|-----------------|

**Administrative        Party**

**Affiliate**
**control**
**controlling**
**controlled        by**
**under        common control with**

**Availability        Period**

**Bankruptcy        Code **

**Break        Costs**

**Business        Day**

**Commitment**

| (a)   | for                an Original Lender, the amount set opposite its name in Part                1                of                Schedule                1                (Original Lenders                and Commitments)                under the heading **Commitment                (US$)**                and the amount of any other Commitment it acquires;                and |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | for                any other Lender, the amount of any Commitment it                acquires, |
|-----------------|-----------------------------------------------------------------------------------------------|

**Consolidated**

**Debt        **

| (a)   | all                indebtedness of such person for borrowed                money; |
|-----------------|-----------------------------------------------------------------------------------|
| (b)   | all                obligations of such person for the deferred purchase price of property                or                services (other than trade payables not overdue by more than 60 days                incurred in the ordinary course of such person's                business); |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | all                obligations of such person evidenced by notes, bonds, debentures                or other                similar instruments; |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | all                obligations of such person created or arising under any conditional                sale                or other title retention agreement with respect to property acquired                by                such person (even though the rights and remedies of the seller or                lender                under such agreement in the event of default are limited to repossession                or sale of such property); |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (e)   | all                obligations of such person as lessee under leases that have been                or should                be, in accordance with GAAP, recorded as capital                leases; |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (f)   | all                obligations, contingent or otherwise, of such person in respect of                acceptances, letters of credit or similar extensions of                credit; |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (g)   | all                net obligations of such person in respect of Hedge                Agreements; |
|-----------------|--------------------------------------------------------------------------------------------------|
| (h)   | all                Debt of others referred to in (a)                through (g)                above                or                (i)                below                guaranteed directly or indirectly in any manner by such person, or                in                effect guaranteed directly or indirectly by such person through an                agreement: |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | to                pay or purchase such Debt or to advance or supply funds for the payment                or                purchase of such Debt; |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | to                purchase, sell or lease (as lessee or lessor) property, or to purchase                or                sell services, primarily for the purpose of enabling the debtor to                make                payment of such Debt or to assure the holder of such Debt against                loss; |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iii)   | to                supply funds to or in any other manner invest in the debtor (including                any                agreement to pay for property or services irrespective of whether                such                property is received or such services are rendered), primarily for                the                purpose of enabling the debtor to make payment of such Debt or to                assure                the holder of such Debt against loss; or |
|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iv)   | otherwise                to assure a creditor against loss; and |
|------------------|-----------------------------------------------------------------|
| (i)   | all                Debt referred to in (a)                through (h)                above                secured by (or for which the holder of such Debt has an existing                right,                contingent or otherwise, to be secured by) any Security Interest                on                property (including, without limitation, accounts and contract rights)                owned by such person, even though such person has not assumed or                become                liable for the payment of such Debt. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Debt        for Borrowed Money **

**Default**

| (a)   | an                Event of Default; or |
|-----------------|----------------------------------------|
| (b)   | an                event or circumstance which would be (with the expiry of a grace                period,                the giving of notice or the making of any determination under the                Finance                Documents or any combination of them) an Event of                Default. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Dutch        Banking Act **
* *
*Wet toezicht        Kredietwezen 1992*

**Dutch        Exemption Regulation **
*Vrijstellingsregeling        WtK 1992*

**EBITDA**

| (a)   | interest                expense; |
|-----------------|----------------------------------|
| (b)   | income                tax expense; |
|-----------------|------------------------------------|
| (c)   | depreciation                expense; |
|-----------------|--------------------------------------|
| (d)   | amortisation                expense; |
|-----------------|--------------------------------------|
| (e)   | other                non-cash non-recurring charges; |
|-----------------|------------------------------------------------------|
| (f)   | extraordinary                losses deducted in calculating net income less extraordinary gains                added                in calculating net income; and |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (g)   | non-cash                charges associated with expensing of stock                options, |
|-----------------|--------------------------------------------------------------------------------------------|

**Environmental        Action**

| (a)   | by                  any governmental or regulatory authority for enforcement, cleanup,                  removal, response, remedial or other actions or damages; and |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | by                    any governmental or regulatory authority or any third party for                    damages,                    contribution, indemnification, cost recovery, compensation or                    injunctive                    relief. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Environmental        Law**

**Environmental        Permit**

**ERISA**

**ERISA        Affiliate**

**ERISA        Event **

| (a)   | (i)    the                occurrence                of a reportable event, within the meaning of Section 4043 of ERISA,                with respect to any Plan unless the 30-day notice requirement with                respect                to such event has been waived by the PBGC;                or |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii)    the                  requirements of subsection (1) of Section 4043(b) of ERISA (without                  regard                  to subsection (2) of such Section) are met with respect to a contributing                  sponsor, as defined in Section 4001(a)(13) of ERISA, of a Plan,                  and an                  event described in paragraph (9), (10), (11), (12) or (13) of Section                  4043(c) of ERISA is reasonably expected to occur with respect to                  such Plan                  within the following 30                  days; |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | the                application for a minimum funding waiver with respect to a                Plan; |
|-----------------|----------------------------------------------------------------------------------------------------|
| (c)   | the                provision by the administrator of any Plan of a notice of intent                to                terminate such Plan pursuant to Section 4041(a)(2) of ERISA                (including any such notice with respect to a plan amendment referred                to in                Section 4041(e) of ERISA); |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | the                cessation of operations at a facility of the Guarantor or any ERISA                Affiliate in the circumstances described in Section 4062(e) of                ERISA; |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (e)   | the                withdrawal by the Guarantor or any ERISA Affiliate from a Multiple                Employer Plan during a plan year for which it was a substantial employer,                as defined in Section 4001(a)(2) of                ERISA; |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (f)   | the                conditions for the imposition of a lien under Section 302(f) of ERISA                shall have been met with respect to any                Plan; |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (g)   | the                adoption of an amendment to a Plan requiring the provision of security                to                such Plan pursuant to Section 307 of ERISA;                or |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (h)   | the                institution by the PBGC of proceedings to terminate a Plan pursuant                to                Section 4042 of ERISA, or the occurrence of any event or condition                described in Section 4042 of ERISA that constitutes grounds for the                termination of, or the appointment of a trustee to administer, a                Plan. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Event        of Default**

**Existing        Guarantor Credit Agreement **

**Facility**

**Facility        Office**

| (a)   | on                or before the date it becomes a Lender;                or |
|-----------------|-----------------------------------------------------------------------------|
| (b)   | by                not less than five Business Days' notice, |
|-----------------|-------------------------------------------------------------|

**Fee        Letter**

**Final        Maturity Date**

**Finance        Document**

| (a)   | this                Agreement; |
|-----------------|--------------------------------|
| (b)   | a                Fee Letter; |
|-----------------|------------------------------|
| (c)   | a                Transfer Certificate; or |
|-----------------|-------------------------------------------|
| (d)   | any                other document designated as such by the Facility Agent, the Company                and                the Guarantor. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------|

**Finance        Party**

**Fitch**

**GAAP        **

**Group        **

**Hazardous        Materials **

| (a)   | petroleum                and petroleum products, byproducts or breakdown products, radioactive                materials, asbestos-containing materials, polychlorinated biphenyls                and                radon gas; and |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | any                other chemicals, materials or substances designated, classified or                regulated as hazardous or toxic or as a pollutant or contaminant                under any                Environmental Law. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Hedge        Agreements**

**Increased        Cost**

| (a)   | an                additional or increased cost; |
|-----------------|-------------------------------------------------|
| (b)   | a                reduction in the rate of return from a Facility or on a Finance Party's                overall capital; or |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------|
| (c)   | a                reduction of an amount due and payable under any Finance                Document, |
|-----------------|----------------------------------------------------------------------------------------------------|

**Information        Memorandum **

**Interest        Period**

**Legal        Reservations **

| (a)   | the                principle that equitable remedies may be granted or refused at the                discretion of a court and the limitation of enforcement by laws relating                to insolvency, reorganisation and other laws generally affecting                the                rights of creditors; |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | the                time barring of claims under the Limitation Acts or any equivalent                legislation in other countries and defences of set-off or counterclaim; |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | similar                principles, rights and defences under the laws of any Relevant                Jurisdiction; and |
|-----------------|------------------------------------------------------------------------------------------------------------------------|
| (d)   | any                other general principles which are set out as qualifications as to                matters                of law in the legal opinions delivered to the Facility Agent in respect                of                any of the Finance Documents. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Lender**

| (a)   | an                Original Lender; or |
|-----------------|---------------------------------------|
| (b)   | any                person which becomes a Lender after the date of this                Agreement. |
|-----------------|---------------------------------------------------------------------------------------------------|

**LIBOR**

| (a)   | the                applicable Screen Rate; or |
|-----------------|-----------------------------------------------|
| (b)   | if                no Screen Rate is available for the relevant currency or Interest                Period                of the Loan or overdue amount, the arithmetic mean (rounded upward                to four                decimal places) of the rates, as supplied to the Facility Agent at                its                request, quoted by the Reference Banks to leading banks in the London                interbank market, |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Loan        **

**Majority        Lenders**

| (a)   | whose                share in the outstanding Loans and whose undrawn Commitments then                aggregate more than 50 per cent. of the aggregate of all the outstanding                Loans and the undrawn Commitments of all the                Lenders; |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | if                there is no Loan then outstanding, whose undrawn Commitments then                aggregate more than 50 per cent. of the Total Commitments;                or |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | if                there is no Loan then outstanding and the Total Commitments have                been                reduced to zero, whose Commitments aggregated more than 50 per cent.                of                the Total Commitments immediately before the                reduction. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Mandatory        Cost**

**Margin        **

**Material        Adverse Change**

**Material        Adverse Effect**

| (a)   | the                business, condition (financial or otherwise), operations, performance,                properties or prospects of the Guarantor or the Group as a                whole; |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | the                ability of any Obligor to perform its obligations under this Agreement                or                a Fee Letter; |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | the                validity or enforceability of this Agreement or a Fee Letter;                or |
|-----------------|----------------------------------------------------------------------------------------------------|
| (d)   | any                right or remedy of a Finance Party in respect of this Agreement or                a Fee                Letter. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------|

**Material        Subsidiary**

| (a)   | assets                (excluding inter-company receivables) with a value that exceeds 5                per                cent. of the value of total assets shown on the Consolidated statement                of                financial condition of the Group; or |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | net                sales that exceed 5 per cent. of the Consolidated net sales of the                Group, |
|-----------------|-------------------------------------------------------------------------------------------------------------|

**Moody's        **

**Multiemployer        Plan**

**Multiple        Employer Plan**

| (a)   | is                maintained for employees of the Guarantor or any ERISA Affiliate                and at                least one person other than the Guarantor and the ERISA Affiliates;                or |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | was                so maintained and in respect of which the Guarantor or any ERISA                Affiliate                could have liability under Section 4064 or 4069 of ERISA in the event                such plan has been or were to be                terminated. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Obligor        **

**Original        Financial Statements**

**Participating        Member State**

**Party        **

**Patriot        Act**

**PBGC**

**Permitted        Security Interests**

| (a)   | Security                Interests for taxes, assessments and governmental charges or levies                to the                extent not required to be paid under Clause 17.3                (Payment                of taxes)                hereof; |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | Security                Interests imposed by law, such as materialmen's, mechanics', carriers',                workmen's and repairmen's Security Interests and other similar Security                Interests arising in the ordinary course of business securing obligations                that are not overdue for a period of more than 30                days; |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | pledges                or deposits to secure obligations under workers' compensation laws                or                similar legislation or to secure public or statutory obligations                or bids                or tenders or surety, appeal or performance bonds in the ordinary                course                of business; |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | easements,                rights of way and other encumbrances on title to real property that                do not                render title to the property encumbered thereby unmarketable or materially                adversely affect the use of such property for its present purposes;                and |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (e)   | any                interests arising under clause 18                of                the general terms and conditions (*Algemene                Voorwaarden*)                of any member of the Dutch Bankers’ Association (*Nederlandse                Vereniging van Banken*)                or any similar term applied by a financial institution in the Netherlands                pursuant to its general conditions. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Plan**

**Professional        Market Party**
*professionele        marktpartij*

**Pro        Rata Share**

| (a)   | for                the purpose of determining a Lender's share in the utilisation of                the                Facility, the proportion which its Commitment bears to the Total                Commitments; and |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | for                any other purpose on a particular date: |
|-----------------|------------------------------------------------------------|
| (i)   | the                proportion which a Lender's share of the Loan bears to all of the                Loan; |
|-----------------|-----------------------------------------------------------------------------------------------------------|
| (ii)   | if                there is no Loan outstanding on that date, the proportion which its                Commitment bears to the Total Commitments on that date;                or |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iii)   | if                the Total Commitments have been cancelled, the proportion which its                Commitment bore to the Total Commitments immediately before being                cancelled. |
|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Rate        Fixing Day**

**Rating        Agency **

**Reference        Banks**

**Relevant        Jurisdiction**

| (a)   | its                jurisdiction of incorporation; or |
|-----------------|------------------------------------------------------|
| (b)   | any                jurisdiction where it conducts its                business. |
|-----------------|--------------------------------------------------------------------------------|

**Repeating        Representations**

**Request**

**S&P**

**Screen        Rate**

**SEC        **

**Security        Interest**

**Single        Employer Plan**

| (a)   | is                maintained for employees of the Guarantor or any ERISA Affiliate                and no                person other than the Guarantor and the ERISA Affiliates; or |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | was                so maintained and in respect of which the Guarantor or any ERISA                Affiliate                could have liability under Section 4069 of ERISA in the event such                plan has been or were to be terminated. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Subsidiary**

| (a)   | the                issued and outstanding capital stock having ordinary voting power                to elect                a majority of the board of directors of such corporation (irrespective                of                whether at the time capital stock of any other class or classes of                such                corporation shall or might have voting power upon the occurrence                of any                contingency); |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | the                interest in the capital or profits of such limited liability company,                partnership or joint venture; or |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | the                beneficial interest in such trust or estate, |
|-----------------|-----------------------------------------------------------------|

**Tax**

**Tax        Deduction**

**Tax        Payment**

**Total        Commitments**

**Transfer        Certificate**

| (a)   | for                a transfer by assignment, a certificate, substantially in the form                of                Part                1                of                Schedule                5                (Forms                of Transfer Certificate);                and |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | for                a transfer by novation, a certificate, substantially in the form                of                Part                2                of                Schedule                5                (Forms                of Transfer Certificate), |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**U.K.**

**U.S.        **

**US$        **

**Utilisation        Date**

**Voting        Stock**

| **1.2  ** | **Construction** |
|---------------------|------------------|
| (a)   | In                this Agreement, unless the contrary intention appears, a reference                to: |
|-----------------|---------------------------------------------------------------------------------------------------------|
| (i)   | an                **amendment**                includes a supplement, novation, restatement or re-enactment and                **amended**                will be construed accordingly; |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | **assets**                includes present and future properties, revenues and rights of every                description; |
|------------------|----------------------------------------------------------------------------------------------------------------------------|
| (iii)   | an                **authorisation**                includes an authorisation, consent, approval, resolution, licence,                exemption, filing, registration or                notarisation; |
|-------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iv)**  ** | **disposal**                means a sale, transfer, grant, lease or other disposal, whether voluntary                or involuntary, and **dispose**                will be construed accordingly; |
|----------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (v)   | **indebtedness**                includes any obligation (whether incurred as principal or as surety)                for                the payment or repayment of money; |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (vi)   | **know                your customer** **requirements**                are the identification checks that a Finance Party requests in order                to                meet its obligations under any applicable law or regulation to identify                a                person who is (or is to become) its                customer; |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (vii)   | an                assignment or transfer by a Lender of its rights and obligations                under                this Agreement **at                par**                means an assignment or transfer of the principal amounts of a Lender's                share in the Loan at par plus all other amounts accrued and/or owing                under                any Finance Document; |
|-------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (viii)   | a                **person**                includes any individual, company, corporation, unincorporated association                or body (including a partnership, trust, joint venture or consortium),                government, state, agency, organisation or other entity whether or                not                having separate legal personality; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ix)   | a                **regulation**                includes any regulation, rule, official directive, request or guideline                (whether or not having the force of law but, if not having the force                of                law, being of a type with which any person to which it applies is                accustomed to comply) of any governmental, inter-governmental or                supranational body, agency, department or regulatory, self-regulatory                or                other authority or organisation; |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (x)   | a                currency is a reference to the lawful currency for the time being                of the                relevant country; |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------|
| (xi)   | a                Default being **outstanding**                or                **continuing**means                that it has not been remedied or waived; |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (xii)   | a                provision of law is a reference to that provision as extended, applied,                amended or re-enacted and includes any subordinate                legislation; |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (xiii)   | a                Clause, a Subclause or a Schedule is a reference to a clause or subclause                of, or a schedule to, this Agreement; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------|
| (xiv)   | a                Party or any other person includes its successors in title, permitted                assigns and permitted transferees; |
|-------------------|------------------------------------------------------------------------------------------------------------------------------------------|
| (xv)   | a                Finance Document or other document includes (without prejudice to                any                prohibition on amendments) all amendments however fundamental to                that                Finance Document or other document, including any amendment providing                for                any increase in the amount of a facility or any additional facility;                and |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (xvi)   | a                time of day is a reference to London                time. |
|-------------------|----------------------------------------------------------------------------|
| (b)   | Unless                the contrary intention appears, a reference to a **month**                or                **months**                is                a reference to a period starting on one day in a calendar month and                ending                on the numerically corresponding day in the next calendar month or                the                calendar month in which it is to end, except                that: |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | if                the numerically corresponding day is not a Business Day, the period                will                end on the next Business Day in that month (if there is one) or the                preceding Business Day (if there is not); |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | if                there is no numerically corresponding day in that month, that period                will                end on the last Business Day in that month;                and |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iii)   | notwithstanding                subparagraph (i)                above,                a                period which commences on the last Business Day of a month will end                on the                last Business Day in the next month or the calendar month in which                it is                to end, as appropriate. |
|-------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | Unless                expressly provided to the contrary in a Finance Document, a person                who is                not a party to a Finance Document may not enforce any of its terms                under                the Contracts (Rights of Third Parties) Act 1999 and, notwithstanding                any                term of any Finance Document, no consent of any third party is required                for any amendment (including any release or compromise of any liability)                or termination of any Finance Document. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | Unless                the contrary intention appears: |
|-----------------|-------------------------------------------------------|
| (i)   | a                reference to a Party will not include that Party if it has ceased                to be a                Party under this Agreement; |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | a                word or expression used in any other Finance Document or in any notice                given in connection with any Finance Document has the same meaning                in that                Finance Document or notice as in this Agreement;                and |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iii)   | any                obligation of an Obligor under the Finance Documents which is not                a                payment obligation remains in force for so long as any payment obligation                of an Obligor is or may be outstanding under the Finance                Documents. |
|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (e)   | The                headings in this Agreement do not affect its                interpretation. |
|-----------------|------------------------------------------------------------------------------------------------|
| **1.3  ** | **Dutch                terms** |
|---------------------|--------------------------------|
| (a)   | **duly                authorised by all necessary corporate action**                where applicable, includes without                limitation: |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | any                action required to comply with the Works Councils Act of the Netherlands                (*Wet                op de ondernemingsraden*);                and |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | obtaining                an unconditional positive advice (*advies*)                from the competent works council(s); |
|------------------|--------------------------------------------------------------------------------------------------------------------------|
| (b)   | a**security interest**                includes any mortgage (*hypotheek*),                pledge (*pandrecht*),                retention of title arrangement (*eigendomsvoorbehoud*),                privilege (*voorrecht*),                right of retention (*recht                van retentie*),                right to reclaim goods (*recht                van reclame*),                and, in general, any right *in                rem*                (*beperkt                recht*),                created for the purpose of granting security (*goederenrechtelijk                zekerheidsrecht*); |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | (i)a                **winding-up**or**dissolution**                (and any of those terms) includes a Dutch entity being declared bankrupt                (*failliet                verklaard*)                or dissolved (*ontbonden*); |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | any                **procedure**                taken in connection with insolvency proceedings includes a Dutch                entity                having filed a notice under section 36 of the Tax Collection Act                of the                Netherlands (*Invorderingswet                1990*)                or Section 16d of the Social Insurance Co-ordination Act of the                Netherlands (*Coördinatiewet                Sociale Verzekeringen*);                and |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iii)   | a                **trustee**in                connection with insolvency proceedings includes a *curator*. |
|-------------------|------------------------------------------------------------------------------------------------------------|
| **2.  ** | **FACILITY** |
|--------------------|--------------|
| **2.1  ** | **Facility** |
|---------------------|--------------|
| **2.2  ** | **Nature                of a Finance Party's rights and                obligations** |
|---------------------|--------------------------------------------------------------------------------------|
| (a)   | the                obligations of a Finance Party under the Finance Documents are                several; |
|-----------------|-----------------------------------------------------------------------------------------------------------|
| (b)   | failure                by a Finance Party to perform its obligations does not affect the                obligations of any other Party under the Finance                Documents; |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | no                Finance Party is responsible for the obligations of any other Finance                Party under the Finance Documents; |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | the                rights of a Finance Party under the Finance Documents are separate                and                independent rights; |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------|
| (e)   | a                Finance Party may, except as otherwise stated in the Finance Documents,                separately enforce those rights; and |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------|
| (f)   | a                debt arising under the Finance Documents to a Finance Party is a                separate                and independent debt. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------|
| **2.3  ** | **Extension                Option** |
|---------------------|-------------------------------------|
| (a)   | The                Company may request that the Final Maturity Date be extended for                a further                period (the **Relevant                Period**)                from the then current Final Maturity Date by giving notice to the                Facility                Agent no more than 120 days nor less than 45 days before each of                the first                anniversary (the **First                Extension Request**)                and the second anniversary (the **Second                Extension Request**)                of the Utilisation Date. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | The                Relevant Period will be: |
|-----------------|---------------------------------------------|
| (i)   | in                the case of the First Extension Request, 364 days;                and |
|-----------------|-----------------------------------------------------------------------------------------|
| (ii)   | in                the case of the Second Extension Request: |
|------------------|-------------------------------------------------------------|
| (A)   | if                the First Extension Request was made, then in respect of the Lenders                who                agreed to the First Extension Request, 364 days; and in respect of                the                Lenders who did not agree to the First Extension Request, 728 days;                or |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (B)   | if                the First Extension Request was not made, 364 days or 728 days, at                the                option of the Company and as indicated in the Second Extension                Request. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | Each                Lender participating in the Facility shall notify the Facility Agent                within 30 days after receiving the First Extension Request (or Second                Extension Request, as the case may be) from the Company but in no                event                later than 10 days prior to the relevant anniversary of the Utilisation                Date whether or not it agrees to the then current Final Maturity                Date                being extended for the Relevant Period. No Lender is under any obligation                to extend the then current Final Maturity Date. If, by the date falling                10                days prior to the relevant anniversary of the Utilisation Date, no                notice                is received by the Facility Agent from a Lender which has confirmed                receipt of the First Extension Request or Second Extension Request                (as                applicable) no less than 20 days prior to the relevant anniversary                of the                Utilisation Date, the then current Final Maturity Date shall automatically                be extended for the Relevant Period with regard to such                Lender. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | As                soon as practicable after it establishes which of the relevant Lenders,                if                any, agree to extend the then current Final Maturity Date for the                Relevant                Period, the Facility Agent shall, by notice to the Company, the Guarantor                and each Lender, confirm those Lenders which have agreed to extend                the                then current Final Maturity Date for the Relevant Period (each an                **Extending                Lender**),                whereupon such extension shall become effective with regard to those                Extending Lenders. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (e)   | At                any time prior to the then current Final Maturity Date, the Company                and/or                the Guarantor will have the option to identify a Lender that is willing                to                accept an assignment or transfer of the rights and obligations under                this                Agreement from a Lender who does not agree to extend the Final Maturity                Date, in which event, and at such time, the Lender who does not agree                (or                has not confirmed receipt of the First Extension Request or Second                Extension Request (as applicable) pursuant to paragraph (c)                above)                to extend the Final Maturity Date shall assign or transfer its rights                and                obligations under this Agreement to the other Lender at                par. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (f)   | Subject                to (e)                above,                the share in the Loan of any Lender who does not agree to extend                the Final                Maturity Date applicable to it for the Relevant Period together with                any                other sums owed to any such Lender under this Agreement shall be                repaid in                full on or prior to the Final Maturity Date applicable to that                Lender. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (g)   | No                more than two requests for an extension under this Clause may be                given,                and any such request is irrevocable. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (h)   | For                the avoidance of doubt, the Final Maturity Date cannot be after the                seventh anniversary of the Utilisation                Date. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **3.  ** | **PURPOSE** |
|--------------------|-------------|
| **3.1  ** | **Loans** |
|---------------------|-----------|
| **3.2  ** | **No                obligation to monitor** |
|---------------------|---------------------------------------------|
| **4.  ** | **CONDITIONS                PRECEDENT** |
|--------------------|-----------------------------------------|
| **4.1  ** | **Conditions                precedent documents** |
|---------------------|---------------------------------------------------|
| **4.2  ** | **Further                conditions precedent** |
|---------------------|-------------------------------------------------|
| (a)   | the                Repeating Representations are correct in all material respects;                and |
|-----------------|-------------------------------------------------------------------------------------------------------|
| (b)   | no                Default is outstanding or would result from the                Loan. |
|-----------------|----------------------------------------------------------------------------------------|
| **4.3  ** | **Maximum                number** |
|---------------------|-----------------------------------|
| **5.  ** | **UTILISATION                - LOAN** |
|--------------------|---------------------------------------|
| **5.1  ** | **Giving                of Requests** |
|---------------------|---------------------------------------|
| (a)   | The                Company may borrow the Loan by giving to the Facility Agent a duly                completed Request. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------|
| (b)   | Unless                the Facility Agent otherwise agrees, the latest time for receipt                by the                Facility Agent of the duly completed Request is 11.00 a.m. (London                time)                three Business Days before the proposed Utilisation                Date. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | The                Request is irrevocable. |
|-----------------|--------------------------------------------|
| **5.2  ** | **Completion                of Requests** |
|---------------------|-------------------------------------------|
| (a)   | the                Utilisation Date is a Business Day falling within the Availability                Period; |
|-----------------|--------------------------------------------------------------------------------------------------------------|
| (b)   | the                amount of the Loan requested is: |
|-----------------|-----------------------------------------------------|
| (i)   | a                minimum of US$5,000,000                and an integral multiple of US$1,000,000; |
|-----------------|---------------------------------------------------------------------------------------------------|
| (ii)   | equal                to or less than the Total Commitments; or |
|------------------|----------------------------------------------------------------|
| (iii)   | such                other amount as the Facility Agent may agree;                and |
|-------------------|--------------------------------------------------------------------------------------|
| (c)   | the                proposed Interest Period complies with this                Agreement. |
|-----------------|------------------------------------------------------------------------------------------|
| **5.3  ** | **Advance                of Loan** |
|---------------------|------------------------------------|
| (a)   | The                Facility Agent must promptly notify each Lender of the details of                the                requested Loan and the amount of its share in the                Loan. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | The                amount of each Lender’s share of the Loan will be its Pro Rata Share on                the proposed Utilisation Date. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | No                Lender is obliged to participate in the Loan if, as a                result: |
|-----------------|------------------------------------------------------------------------------------------------|
| (i)   | its                share in the Loan would exceed its Commitment;                or |
|-----------------|-------------------------------------------------------------------------------------|
| (ii)   | the                Loan would exceed the Total Commitments. |
|------------------|-------------------------------------------------------------|
| (d)   | If                the conditions set out in this Agreement have been met, each Lender                must                make its share in the Loan available to the Facility Agent for the                Company                through its Facility Office on the Utilisation                Date. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **6.  ** | **REPAYMENT** |
|--------------------|---------------|
| **7.  ** | **PREPAYMENT                AND CANCELLATION****OR ASSIGNMENT** |
|--------------------|-----------------------------------------------------------------|
| **7.1  ** | **Mandatory                prepayment****or                assignment - illegality** |
|---------------------|--------------------------------------------------------------------------------------|
| (a)   | A                Lender must notify the Facility Agent, the Company and the Guarantor                promptly if it becomes aware that it is unlawful in any applicable                jurisdiction for that Lender to perform any of its obligations under                a                Finance Document or to fund or maintain its share in the                Loan. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | After                notification under paragraph (a)                above                the Facility Agent must notify the Company and the Guarantor and,                subject                to paragraph (d)                below: |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | the                Company must repay or prepay the share of that Lender in the Loan                on the                date specified in paragraph (c)                below;                and |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | the                Commitment of that Lender will be immediately                cancelled. |
|------------------|--------------------------------------------------------------------------------------------|
| (c)   | The                date for repayment or prepayment of a Lender's share in the Loan                will                be: |
|-----------------|----------------------------------------------------------------------------------------------------------------------------|
| (i)   | the                last day of the current Interest Period of the Loan;                or |
|-----------------|-------------------------------------------------------------------------------------------|
| (ii)   | if                earlier, the date specified by the Lender in the notification under                paragraph (a)                above                and which must not be earlier than the last day of any applicable                grace                period allowed by law. |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | At                any time prior to the date for repayment or prepayment specified                in                paragraph (c)                above,                the Company and/or the Guarantor will have the option to identify                a Lender                that is willing to accept an assignment or transfer of the rights                and                obligations under this Agreement of a Lender who has made a notification                under this Clause 7.1,                in which event, and at such time, the Lender who has made such                notification shall assign or transfer its rights and obligations                under                this Agreement to the other Lender at par (such assignment or transfer                to                be effective on or before the date for repayment or prepayment specified                in paragraph (c)                above). |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (e)   | Unless                the Facility Agent otherwise agrees, in the event that a transfer                or                assignment requested by the Company and/or the Guarantor under this                Clause                7.1 takes effect, the Company must pay to the Facility Agent for                its own                account a fee of US$3,500. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **7.2  ** | **Voluntary                prepayment** |
|---------------------|-----------------------------------------|
| (a)   | The                Company may, by giving not less than two                Business Days' prior notice to the Facility Agent, prepay the Loan                at any                time in whole or in part. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | A                prepayment of part of the Loan must be in a minimum amount of US$5,000,000                and an integral multiple of US$1,000,000. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------|
| **7.3  ** | **Automatic                cancellation** |
|---------------------|-------------------------------------------|
| (i)   | the                date of (and immediately following) the advance of the Loan; and |
|-----------------|-------------------------------------------------------------------------------------|
| (ii)   | the                close of business on the last day of the Availability                Period. |
|------------------|-------------------------------------------------------------------------------------------------|
| **7.4  ** | **Voluntary                cancellation** |
|---------------------|-------------------------------------------|
| (a)   | The                Company may, by giving not less than three                Business Days' prior notice to the Facility Agent, cancel the unutilised                amount of the Total Commitments in whole or in                part. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | Partial                cancellation of the Total Commitments must be in a minimum amount                of                US$5,000,000                and an integral multiple of US$1,000,000. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | Any                cancellation in part will be applied pro rata against the Commitment                of                each Lender. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------|
| **7.5  ** | **Right                of repayment and cancellation of a single                Lender** |
|---------------------|------------------------------------------------------------------------------------------|
| (a)   | If                the Company is, or will be, required to pay to a Lender (the **Notified                Lender**or                **that                Lender**): |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | a                Tax Payment; or |
|-----------------|----------------------------------|
| (ii)   | an                Increased Cost, |
|------------------|-----------------------------------|
| (b)   | After                notification under paragraph (a)                above                and subject to paragraph (d)                below: |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | the                Company must repay or prepay that Lender's share in the Loan on the                date                specified in paragraph (c)                below;                and |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | the                Commitment of that Lender will be immediately                cancelled. |
|------------------|--------------------------------------------------------------------------------------------|
| (c)   | The                date for repayment or prepayment of that Lender's share in the Loan                will                be: |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------|
| (i)   | the                last day of the current Interest Period for the Loan;                or |
|-----------------|--------------------------------------------------------------------------------------------|
| (ii)   | if                earlier, the date specified by the Company in its                notification. |
|------------------|--------------------------------------------------------------------------------------------------|
| (d)   | At                any time prior to the date for repayment or prepayment specified                in                paragraph (c)                above,                the Company and/or the Guarantor will have the option to identify                a Lender                that is willing to accept an assignment or transfer of the rights                and                obligations under this Agreement of the Notified Lender, in which                event,                and at such time, the Notified Lender shall assign or transfer its                rights                and obligations under this Agreement to the other Lender at par (such                assignment or transfer to be effective on or before the date for                repayment                or prepayment specified in paragraph (c)                above). |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (e)   | Unless                the Facility Agent otherwise agrees, in the event that a transfer                or                assignment requested by the Company and/or the Guarantor under this                Clause                7.5                takes effect, the Company must pay to the Facility Agent for its                own                account a fee of US$3,500. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **7.6  ** | **Mandatory                Cost** |
|---------------------|-----------------------------------|
| (a)   | The                Company will not be required to pay any Lender any amount in respect                of                any Mandatory Cost until after both: |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | the                rate of Mandatory Cost has increased from the rate in effect at the                date                of this Agreement; and |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | that                Lender has notified the Facility Agent that it requires the Company                to pay                Mandatory Cost. |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | If                any Lender provides a notification to the Facility Agent in accordance                with (a)                above,                the Company may, provided that no Default has occurred and is continuing,                and the Company has satisfied all its obligations under this Agreement                to                that Lender, while the requirement continues, give notice to the                Facility                Agent requesting assignment or prepayment and cancellation in respect                of                that Lender (the **Notified                Lender**or                **that                Lender**). |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | After                notification by the Company to the Facility Agent under paragraph                (b)                above                and subject to paragraph (e)                below: |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | the                Company must repay or prepay that Lender's share in the Loan on the                date                specified in paragraph (d)                below;                and |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | the                Commitment of that Lender will be immediately                cancelled. |
|------------------|--------------------------------------------------------------------------------------------|
| (d)   | The                date for repayment or prepayment of a Lender's share in the Loan                will                be: |
|-----------------|----------------------------------------------------------------------------------------------------------------------------|
| (i)   | the                last day of the current Interest Period for the Loan;                or |
|-----------------|--------------------------------------------------------------------------------------------|
| (ii)   | if                earlier, the date specified by the Company in its                notification. |
|------------------|--------------------------------------------------------------------------------------------------|
| (e)   | At                any time prior to the date for repayment or prepayment specified                in                paragraph (d)                above,                the Company and/or the Guarantor will have the option to identify                a Lender                that is willing to accept an assignment or transfer of the rights                and                obligations under this Agreement of the Notified Lender, in which                event,                and at such time, the Notified Lender shall assign or transfer its                rights                and obligations under this Agreement to the other Lender at par (such                assignment or transfer to be effective on or before the date for                repayment                or prepayment specified in paragraph (d)                above). |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (f)   | Unless                the Facility Agent otherwise agrees, in the event that a transfer                or                assignment requested by the Company and/or the Guarantor under this                Clause                7.6                takes effect, the Company must pay to the Facility Agent for its                own                account a fee of US$3,500. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **7.7  ** | **Partial                prepayment of****the                Loan** |
|---------------------|---------------------------------------------------------------------|
| **7.8  ** | **Miscellaneous                provisions** |
|---------------------|---------------------------------------------|
| (a)   | Any                notice of prepayment and/or cancellation under this Agreement is                irrevocable and must specify the relevant date(s) and the affected                Loan                and Commitments. The Facility Agent must notify the Lenders promptly                of                receipt of any such notice. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | All                prepayments under this Agreement must be made with accrued interest                on the                amount prepaid. No premium or penalty is payable in respect of any                prepayment except for the Agent's fee in Clause 7.5(e) or Break                Costs. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | The                Majority Lenders may agree a shorter notice period for a voluntary                prepayment or a voluntary cancellation. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | No                prepayment or cancellation is allowed except in accordance with the                express terms of this Agreement. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------|
| (e)   | No                amount of the Total Commitments cancelled under this Agreement may                subsequently be reinstated. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------|
| **8.  ** | **INTEREST** |
|--------------------|--------------|
| **8.1  ** | **Calculation                of interest** |
|---------------------|--------------------------------------------|
| (a)   | Margin; |
|-----------------|---------|
| (b)   | LIBOR;                and |
|-----------------|---------------------------|
| (c)   | Mandatory                Cost, subject to the provisions of Clause 7.6(a) (Mandatory Cost)                above. |
|-----------------|------------------------------------------------------------------------------------------------------------------|
| **8.2  ** | **Payment                of interest** |
|---------------------|----------------------------------------|
| **8.3  ** | **Margin** |
|---------------------|------------|
| (a)   | In                this Subclause: |
|-----------------|-----------------------------------|

**Quoting        Rating Agency **

| (b)   | The                Margin applicable to the Loan will be the percentage rate per annum                specified in Column 3 below which corresponds to the criteria in                relation                to the long-term senior unsecured, non-credit enhanced debt rating                assigned to the Guarantor in Column 2 below by Fitch, Moody's and/or                S&P (as the case may be) (the **Debt                Rating of the Guarantor**)                at the relevant time. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    **Column                  1**   **Pricing                  Level** |  **Column                  2** **Debt                  Rating of the Guarantor** |    **Column                  3**   **Margin                  (per cent. per annum)** |
|-----------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------|
|                                                                                                | **Fitch**                                                                                  | **Moody's**                                                                                                        | **S&P** |   |
|                                                                                                |                                                                                       |                                                                                                               |   |   |
| I                                                                                                   | ≥                  A                                                                 | ≥                  A2                                                                                        | ≥                  A | 0.225 |
| II                                                                                                  | A-                                                                                         | A3                                                                                                                 | A- | 0.25 |
| III                                                                                                 | BBB+                                                                                       | Baa1                                                                                                               | BBB+ | 0.30 |
| IV                                                                                                  | BBB                                                                                        | Baa2                                                                                                               | BBB | 0.35 |
| V                                                                                                   | BBB-                                                                                       | Baa3                                                                                                               | BBB- | 0.425 |
| VI                                                                                                  | ≤                  BB+                                                               | ≤                  Ba1                                                                                       | ≤                  BB+ | 0.60 |

| (c)   | (i)If                the Debt Rating of the Guarantor is split, such that a different                Margin is                applicable to each Quoting Rating Agency's rating, the applicable                Margin                will be determined as follows: |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (A)   | if                the Debt Rating of the Guarantor is split and all three ratings fall                in                different pricing levels, the Margin applicable to the middle rating                as                set out in the table in paragraph (b)                above                shall apply; or |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (B)   | if                the Debt Rating of the Guarantor is split and two of the ratings                fall in                the same pricing level (the **Majority                Level**)** **and                the third rating falls in a different pricing level, the Margin applicable                to the Majority Level as set out in the table in                paragraph (b)                above                shall apply. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | If                only two Rating Agencies issue a Debt Rating of the Guarantor, the                Margin                applicable to the higher rating shall apply, provided that, if the                higher                rating is two or more pricing levels above the lower rating, the                Margin                applicable to the rating that is one pricing level higher than the                lower                of the split ratings as set out in the table in paragraph (b)                above                shall apply. |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iii)   | If                only one Rating Agency issues a Debt Rating of the Guarantor, the                Margin                applicable to that rating as set out in the table in paragraph                (b)                above                shall apply. |
|-------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iv)   | If                no Rating Agency issues a Debt Rating of the Guarantor, the Margin                applicable to Pricing Level VI as set out in the table in paragraph                (b)                above                shall apply. |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | Any                change in the Margin resulting from a publicly announced change in                the                Debt Rating of the Guarantor shall be effective, subject to paragraph                (e)                below,                as of the date of such public                announcement. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (e)   | For                so long as an Event of Default is outstanding, the Margin will be                increased by 2 per cent. per annum. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------|
| **8.4  ** | **Interest                on overdue amounts** |
|---------------------|------------------------------------------------|
| (a)   | If                an Obligor fails to pay any amount payable by it under the Finance                Documents, it must immediately on demand by the Facility Agent pay                interest on the overdue amount from its due date up to the date of                actual                payment, before, on and after judgment. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | Interest                on an overdue amount is payable at the rate which would have been                payable                (including any increase to the Margin under Clause 8.3(e)                above)                if the overdue amount had, during the period of non-payment, constituted                the Loan in the currency of the overdue amount. For this purpose,                the                Facility Agent may (acting reasonably): |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | select                successive Interest Periods of any duration of up to six months;                and |
|-----------------|-----------------------------------------------------------------------------------------------------------|
| (ii)   | determine                the appropriate Rate Fixing Day for that Interest                Period. |
|------------------|---------------------------------------------------------------------------------------------------|
| (c)   | Notwithstanding                paragraph (b)                above,                if the overdue amount is a principal amount of the Loan and becomes                due                and payable before the last day of its current Interest Period, then                the                first Interest Period for that overdue amount will be the unexpired                portion of that Interest Period. After the expiry of the first Interest                Period for that overdue amount, the rate on the overdue amount will                be                calculated in accordance with paragraph (b)                above. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | Interest                (if unpaid) on an overdue amount will be compounded with that overdue                amount at the end of each of its Interest Periods but will remain                immediately due and payable. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **8.5  ** | **Notification                of rates of interest** |
|---------------------|------------------------------------------------------|
| **9.  ** | **INTEREST                PERIOD****s** |
|--------------------|-----------------------------------------|
| **9.1  ** | **Selection** |
|---------------------|---------------|
| (a)   | The                Loan has successive six month Interest                Periods. |
|-----------------|-----------------------------------------------------------------------------------|
| (b)   | Each                Interest Period for the Loan will be six months, starting on the                Utilisation Date or on the expiry of the preceding Interest Period,                as the                case may be. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **9.2  ** | **No                overrunning the Final Maturity                Date** |
|---------------------|--------------------------------------------------------------------------|
| **10.  ** | **MARKET                DISRUPTION** |
|---------------------|--------------------------------------|
| **10.1  ** | **Failure                of a Reference Bank to supply a                rate** |
|----------------------|--------------------------------------------------------------------------------|
| **10.2  ** | **Market                disruption** |
|----------------------|--------------------------------------|
| (a)   | In                this Clause, each of the following events is a **market                disruption event**: |
|-----------------|--------------------------------------------------------------------------------------------------------------|
| (i)   | LIBOR                is to be calculated by reference to the Reference Banks but no, or                only                one, Reference Bank supplies a rate by 12.00 noon on the Rate Fixing                Day;                or |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | the                Facility Agent receives by close of business on the Rate Fixing Day                notification from Lenders whose shares in the relevant Loan exceed                50 per                cent. of that Loan that the cost to them of obtaining matching deposits                in                the relevant interbank market is in excess of LIBOR for the relevant                Interest Period. |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | The                Facility Agent must promptly notify the Company, the Guarantor and                the                Lenders of a market disruption event. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | After                notification under paragraph (b)                above,                the rate of interest on each Lender's share in the affected Loan                for the                relevant Interest Period will be the aggregate of the                applicable: |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | Margin; |
|-----------------|---------|
| (ii)   | rate                notified to the Facility Agent by that Lender as soon as practicable,                and                in any event within 10 Business Days after the start of that Interest                Period, to be that which expresses as a percentage rate per annum                the cost                to that Lender of funding its share in that Loan from whatever source                it                may reasonably select, provided that in the absence of such notice                the                rate of interest in respect of that Lender's share in the Loan for                that                Interest Period will be the same rate of interest that was in effect                for                the immediately preceding Interest Period;                and |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iii)   | Mandatory                Cost. |
|-------------------|--------------------------------|
| **10.3  ** | **Alternative                basis of interest or funding** |
|----------------------|-------------------------------------------------------------|
| (a)   | If                a market disruption event occurs and the Facility Agent, the Company                or                the Guarantor so requires, the Company, the Guarantor and the Facility                Agent must enter into negotiations for a period of not more than                30 days                with a view to agreeing an alternative basis for determining the                rate of                interest and/or funding for the affected                Loan. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | Any                alternative basis agreed will be, with the prior consent of all the                Lenders, the Company and the Guarantor, binding on all the                Parties. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **11.  ** | **TAXES** |
|---------------------|-----------|
| **11.1  ** | **General** |
|----------------------|-------------|

**Obligor's        Tax Jurisdiction**

**Qualifying        Lender**

| (a)   | a                Treaty Lender; or |
|-----------------|------------------------------------|
| (b)   | a                Lender (other than a Lender within paragraph (a)                above)                that is entitled to receive interest in respect of an amount payable                to                that Lender under a Finance Document without a Tax Deduction imposed                by                the relevant Obligor's Tax Jurisdiction. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Tax        Credit**

**Tax        Deduction**

**Treaty        Lender **

| (a)   | resident                (as defined in the appropriate double taxation agreement) in a country                with which the Obligor's Tax Jurisdiction has a double taxation agreement                giving residents of that country full exemption from the taxation                on                interest imposed by that Obligor's Tax Jurisdiction;                and |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | does                not carry on a business in the Obligor's Tax Jurisdiction through                a                permanent establishment with which the payment is effectively                connected. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **11.2  ** | **Tax                gross-up** |
|----------------------|---------------------------------|
| (a)   | Each                Obligor must make all payments to be made by it under the Finance                Documents without any Tax Deduction, unless a Tax Deduction is required                by                law. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | If: |
|-----------------|-----|
| (i)   | a                Lender is not, or ceases to be, a Qualifying Lender;                or |
|-----------------|-----------------------------------------------------------------------------------------|
| (ii)   | an                Obligor or a Lender is aware that an Obligor must make a Tax Deduction                (or                that there is a change in the rate or the basis of a Tax                Deduction), |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | Except                as provided below, if a Tax Deduction is required by law to be made                by an                Obligor or the Facility Agent, the amount of the payment due from                the                Obligor will be increased to an amount which (after making the Tax                Deduction) leaves an amount equal to the payment which would have                been due                if no Tax Deduction had been required. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | Except                as provided below, an Obligor is not required to make an increased                payment                under paragraph (c)                above                for a Tax Deduction in respect of tax imposed by the Obligor's Tax                Jurisdiction to a Lender that is not, or has ceased to be, a Qualifying                Lender in excess of the amount that the Obligor would have had to                pay had                the Lender been, or not ceased to be, a Qualifying                Lender. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (e)   | Paragraph                (d)                above                will not apply if the Lender has ceased to be a Qualifying Lender                by                reason of any change after the date it became a Lender under this                Agreement in (or in the interpretation, administration, or application                of)                any law or double taxation agreement or any published practice or                concession of any relevant taxing                authority. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (f)   | An                Obligor is not required to make an increased payment to a Lender                under                paragraph (c)                above                for a Tax Deduction in respect of tax imposed by the Obligor's Tax                Jurisdiction if that Lender is a Treaty Lender and the Obligor making                the                payment is able to demonstrate that the Tax Deduction would not have                been                required if the Lender had complied with its obligations under paragraph                (i)                below. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (g)   | If                an Obligor is required to make a Tax Deduction, that Obligor must                make the                minimum Tax Deduction allowed by law and must make any payment required                in                connection with that Tax Deduction within the time allowed by                law. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (h)   | Within                30 days of making either a Tax Deduction or a payment required in                connection with a Tax Deduction, the Obligor making that Tax Deduction                or                payment must deliver to the Facility Agent for the relevant Finance                Party                entitled to the payment an original receipt (or a certified copy                thereof)                satisfactory to that Finance Party (acting reasonably) that the Tax                Deduction has been made or (as applicable) the appropriate payment                has                been paid to the relevant taxing                authority. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | A                Treaty Lender must co-operate with each Obligor by using its reasonable                endeavours to complete any procedural formalities necessary for that                Obligor to obtain authorisation to make that payment without a Tax                Deduction. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **11.3  ** | **Tax                indemnity** |
|----------------------|----------------------------------|
| (a)   | Except                as provided below, the Company must indemnify a Finance Party against                any                loss or liability which that Finance Party (in its reasonable discretion)                determines will be or has been suffered (directly or indirectly)                by that                Finance Party for or on account of Tax in relation to a payment received                or receivable (or any payment deemed to be received or receivable)                under a                Finance Document. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | Paragraph                (a)                above                does not apply to any Tax assessed on a Finance Party under the laws                of                the jurisdiction in which: |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | that                Finance Party is incorporated or, if different, the jurisdiction                (or                jurisdictions) in which that Finance Party has a Facility Office                and is                treated as resident for tax purposes; or |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | that                Finance Party's Facility Office is located in respect of amounts                received                or receivable in that jurisdiction, |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | A                Finance Party making, or intending to make, a claim under paragraph                (a)                above                must promptly notify the Company of the event which will give, or                has                given, rise to the claim. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **11.4  ** | **Tax                Credit** |
|----------------------|-------------------------------|
| (a)   | a                Tax Credit is attributable to that Tax Payment;                and |
|-----------------|-------------------------------------------------------------------------------------|
| (b)   | that                Finance Party has obtained, utilised and fully retained that Tax                Credit on                an affiliated group basis, |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------|
| **11.5  ** | **Stamp                taxes** |
|----------------------|--------------------------------|
| **11.6  ** | **Value                added taxes** |
|----------------------|--------------------------------------|
| (a)   | Any                amount payable under a Finance Document by an Obligor is exclusive                of any                value added tax or any other Tax of a similar nature which might                be                chargeable in connection with that amount. If any such Tax is chargeable,                the Obligor must pay to the Finance Party (in addition to and at                the same                time as paying that amount) an amount equal to the amount of that                Tax. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | Where                a Finance Document requires any Party to reimburse a Finance Party                for any                costs or expenses, that Party must also at the same time pay and                indemnify                the Finance Party against all value added tax or any other Tax of                a                similar nature incurred by the Finance Party in respect of those                costs or                expenses but only to the extent that the Finance Party (acting reasonably)                determines that it is not entitled to credit or repayment from the                relevant tax authority in respect of the                Tax. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **12.  ** | **INCREASED                COSTS** |
|---------------------|------------------------------------|
| **12.1  ** | **Increased                Costs** |
|----------------------|------------------------------------|
| (a)   | the                introduction of, or any change in, or any change in the interpretation,                administration or application of, any law or regulation;                or |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | compliance                with any law or regulation made after the date of this                Agreement. |
|-----------------|------------------------------------------------------------------------------------------------------------|
| **12.2  ** | **Exceptions** |
|----------------------|----------------|
| (a)   | compensated                for under another Clause or would have been but for an exception                to that                Clause; |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | attributable                to a Finance Party wilfully failing to comply with any law or regulation;                or |
|-----------------|-------------------------------------------------------------------------------------------------------------------------|
| (c)   | incurred                more than six months prior to the date that such Finance Party notifies                the Company of such Finance Party's intention to claim compensation                therefore; provided that, if the circumstances giving rise to such                claim                have a retroactive effect, then such six-month period shall be extended                to                include the period of such retroactive                effect. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **12.3  ** | **Claims** |
|----------------------|------------|
| (a)   | A                Finance Party intending to make a claim for an Increased Cost must                notify                the Facility Agent of the circumstances giving rise to and the amount                of                the claim, following which the Facility Agent will promptly notify                the                Company and the Guarantor. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | Each                Finance Party must, as soon as practicable after a demand by the                Facility                Agent, provide a certificate confirming the amount of its Increased                Cost. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **13.  ** | **MITIGATION** |
|---------------------|----------------|
| **13.1  ** | **Mitigation** |
|----------------------|----------------|
| (a)   | Each                Finance Party must, in consultation with the Company and the Guarantor,                take all reasonable steps to mitigate any circumstances which arise                and                which result or would result in: |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | any                Tax Payment or Increased Cost being payable to that Finance                Party; |
|-----------------|------------------------------------------------------------------------------------------------------|
| (ii)   | that                Finance Party being able to exercise any right of prepayment and/or                cancellation under this Agreement by reason of any illegality;                or |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iii)   | that                Finance Party incurring any cost of complying with the minimum reserve                requirements of the European Central                Bank, |
|-------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | Paragraph                (a)                above                does not in any way limit the obligations of any Obligor under the                Finance                Documents. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | The                Company must indemnify each Finance Party for all costs and expenses                reasonably incurred by that Finance Party as a result of any step                taken by                it under this Subclause, provided that the Guarantor has been consulted                with regard to such costs and expenses prior to their                incurrence. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | A                Finance Party is not obliged to take any step under this Subclause                if, in                the opinion of that Finance Party (acting reasonably), to do so might                be                prejudicial to it. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **13.2  ** | **Conduct                of business by a Finance Party** |
|----------------------|-----------------------------------------------------------|
| (a)   | interfere                with the right of any Finance Party to arrange its affairs (Tax or                otherwise) in whatever manner it thinks                fit; |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | oblige                any Finance Party to investigate or claim any credit, relief, remission                or                repayment available to it in respect of Tax or the extent, order                and                manner of any claim; or |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | oblige                any Finance Party to disclose any information relating to its affairs                (Tax                or otherwise) or any computation in respect of                Tax. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **14.  ** | **PAYMENTS** |
|---------------------|--------------|
| **14.1  ** | **Place** |
|----------------------|-----------|
| **14.2  ** | **Funds** |
|----------------------|-----------|
| **14.3  ** | **Distribution** |
|----------------------|------------------|
| (a)   | In                this Subclause, Standing Payment Instruction                means: |
|-----------------|--------------------------------------------------------------------------------------|
| (i)   | in                relation to a Lender which is a Lender on the date of this Agreement,                payment instructions set below the name of that Lender in Schedule                7                (Form                of Standing Payment Instructions);                or |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | in                relation to a Lender which becomes a Lender after the date of this                Agreement, payment instructions set out in the Transfer Certificate                to                which that Lender is a party, |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | Each                payment received by the Facility Agent under the Finance Documents                for                another Party must, except as provided below, be made available by                the                Facility Agent to that Party by payment (as soon as practicable after                receipt) to its account with such office or bank in New York, as                it may                notify to the Facility Agent for this purpose by not less than five                Business Days' prior notice. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | Notwithstanding                paragraph (a)                above,                any payment to be made under the Finance Documents by the Facility                Agent                to a Lender must be made in accordance with that Lender's Standing                Payment                Instruction. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | The                Facility Agent may apply any amount received by it for an Obligor                in or                towards payment (on the date and in the currency and funds of receipt)                of                any amount due from that Obligor under the Finance Documents or in                or                towards the purchase of any amount of any currency to be so                applied. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (e)   | Where                a sum is paid to the Facility Agent under this Agreement for another                Party, the Facility Agent is not obliged to pay that sum to that                Party                until it has established that it has actually received it. However,                the                Facility Agent may assume that the sum has been paid to it, and,                in                reliance on that assumption, make available to that Party a corresponding                amount. If it transpires that the sum has not been received by the                Facility Agent, that Party must immediately on demand by the Facility                Agent refund any corresponding amount made available to it together                with                interest on that amount from the date of payment to the date of receipt                by                the Facility Agent at a rate calculated by the Facility Agent to                reflect                its cost of funds. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **14.4  ** | **Currency** |
|----------------------|--------------|
| (a)   | Unless                a Finance Document specifies that payments under it are to be made                in a                different manner, the currency of each amount payable under the Finance                Documents is determined under this                Clause. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | Amounts                payable in respect of Taxes, fees, costs and expenses are payable                in the                currency in which they are incurred. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | Each                other amount payable under the Finance Documents is payable in                US$. |
|-----------------|--------------------------------------------------------------------------------------------------------|
| (d)   | If                a change in any currency of a country occurs, the Finance Documents                will                be amended in accordance with Clause 25.3 (Change of                currency). |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **14.5  ** | **No                set-off or counterclaim** |
|----------------------|-----------------------------------------------|
| **14.6  ** | **Business                Days** |
|----------------------|----------------------------------|
| (a)   | If                a payment under the Finance Documents is due on a day which is not                a                Business Day, the due date for that payment will instead be the next                Business Day in the same calendar month (if there is one) or the                preceding                Business Day (if there is not). |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | During                any extension of the due date for payment of any principal under                this                Agreement interest is payable on that principal at the rate payable                on the                original due date. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **14.7  ** | **Partial                payments** |
|----------------------|-------------------------------------|
| (a)   | If                any Administrative Party receives a payment insufficient to discharge                all                the amounts then due and payable by the Obligors under the Finance                Documents, the Administrative Party must apply that payment towards                the                obligations of the Obligors under the Finance Documents in the following                order: |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **(i)  ** | **first**,                in or towards payment pro rata of any unpaid fees of the Administrative                Parties as well as any costs and expenses of the Facility Agent payable                in                accordance with the terms of the Finance                Documents; |
|---------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **(ii)  ** | **secondly**,                in or towards payment pro rata of any accrued interest or fee due                but                unpaid under this Agreement; |
|----------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **(iii)  ** | **thirdly**,                in or towards payment pro rata of any principal amount due but unpaid                under this Agreement; and |
|-----------------------|--------------------------------------------------------------------------------------------------------------------------------------------|
| **(iv)  ** | **fourthly**,                in or towards payment pro rata of any other sum due but unpaid under                the                Finance Documents. |
|----------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | The                Facility Agent must, if so directed by the Lenders, vary the order                set out                in subparagraphs (a)(ii)                to                (iv)                above                and promptly notify the Obligors of such                change. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | This                Subclause will override any appropriation made by an                Obligor. |
|-----------------|--------------------------------------------------------------------------------------------------|
| **14.8  ** | **Timing                of payments** |
|----------------------|---------------------------------------|
| **15.  ** | **GUARANTEE                AND INDEMNITY** |
|---------------------|--------------------------------------------|
| **15.1  ** | **Guarantee                and indemnity** |
|----------------------|--------------------------------------------|
| (a)   | guarantees                to each Finance Party punctual performance by the Company of all                its                obligations under the Finance Documents; |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | undertakes                with each Finance Party that, whenever the Company does not pay any                amount                when due under or in connection with any Finance Document, the Guarantor                must within two Business Days of demand by the Facility Agent pay                that                amount as if it were the principal obligor in respect of that amount;                and |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | indemnifies                each Finance Party immediately on demand against any cost, loss or                liability suffered by that Finance Party if any obligation guaranteed                by                it is or becomes unenforceable, invalid or illegal; the amount of                the                cost, loss or liability under this indemnity will be equal to the                amount                the Finance Party would otherwise have been entitled to recover from                the                Company under the Finance Documents had such guaranteed obligation                not                been unenforceable, invalid or illegal. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **15.2  ** | **Continuing                guarantee** |
|----------------------|-----------------------------------------|
| **15.3  ** | **Reinstatement** |
|----------------------|-------------------|
| (a)   | If                any payment by an Obligor or any discharge given by a Finance Party                (whether in respect of the obligations of an Obligor or any security                for                those obligations or otherwise) or arrangement is made in whole or                in part                on the faith of any payment, security or other disposition which                is                avoided or must be restored on insolvency, liquidation, administration                or                other similar event, the liability of the Guarantor under this Clause                will                continue or be reinstated as if the discharge or arrangement had                not                occurred. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | Each                Finance Party may concede or compromise any claim that any payment,                security or other disposition is liable to avoidance or                restoration. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **15.4  ** | **Waiver                of defences** |
|----------------------|---------------------------------------|
| (a)   | any                time, consent or waiver granted to, or composition with, any Obligor                or                other person; |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | any                release of any Obligor or any other person under the terms of any                composition or arrangement with any creditor of any member of the                Group; |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | the                taking, variation, compromise, exchange, renewal or release of, or                refusal                or neglect to perfect, take up or enforce, any rights against, or                security                over assets of, any Obligor or any other                person; |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | any                non-presentation or non-observance of any formality or other requirement                in respect of any instrument or any failure to realise the full value                of                any security; |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (e)   | any                incapacity or lack of power, authority or legal personality of or                dissolution or change in the members or status of any Obligor or                any other                person; |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (f)   | any                amendment (however fundamental) or replacement of a Finance Document                or                any other document or security; |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|
| (g)   | any                unenforceability, illegality, invalidity or non-provability of any                obligation of any person under any Finance Document or any other                document                or security; or |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (h)   | any                insolvency or similar proceedings. |
|-----------------|-------------------------------------------------------|
| **15.5  ** | **Immediate                recourse** |
|----------------------|---------------------------------------|
| (a)   | The                Guarantor waives any right it may have of first requiring any Finance                Party (or any trustee or agent on its behalf) to proceed against                or                enforce any other right or security or claim payment from any person                before claiming from the Guarantor under this                Clause. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | This                waiver applies irrespective of any law or any provision of a Finance                Document to the contrary. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------|
| **15.6  ** | **Appropriations** |
|----------------------|--------------------|
| (a)   | (i)refrain                from applying or enforcing any other moneys, security or rights held                or                received by that Finance Party (or any trustee or agent on its behalf)                against those amounts; or |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | apply                and enforce them in such manner and order as it sees fit (whether                against                those amounts or otherwise); and |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | hold                in an interest-bearing suspense account any moneys received on account                of                the Guarantor's liability under this                Clause. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **15.7  ** | **Non-competition** |
|----------------------|---------------------|
| (a)   | all                amounts which may be or become payable by the Obligors under or in                connection with the Finance Documents have been irrevocably paid                in full;                or |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | the                Facility Agent otherwise directs, |
|-----------------|------------------------------------------------------|
| (i)   | be                subrogated to any rights, security or moneys held, received or receivable                by any Finance Party (or any trustee or agent on its                behalf); |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | be                entitled to any right of contribution or indemnity in respect of                any                payment made or moneys received on account of the Guarantor's liability                under this Clause; |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iii)   | claim,                rank, prove or vote as a creditor of the Company or its estate in                competition with any Finance Party (or any trustee or agent on its                behalf)                unless it immediately turns over to the Finance Parties any proceeds                that                it recovers as a creditor; or |
|-------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iv)   | receive,                claim or have the benefit of any payment, distribution or security                from or                on account of the Company, or exercise any right of set-off as against                the                Company. |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **15.8  ** | **Additional                security** |
|----------------------|----------------------------------------|
| **16.  ** | **REPRESENTATIONS                AND WARRANTIES** |
|---------------------|---------------------------------------------------|
| **16.1  ** | **Representations                and warranties** |
|----------------------|---------------------------------------------------|
| **16.2  ** | **Status** |
|----------------------|------------|
| **16.3  ** | **Powers,                authority and non-conflict** |
|----------------------|-------------------------------------------------------|
| (a)   | any                of its constitutional documents; or |
|-----------------|--------------------------------------------------------|
| (b)   | any                law or contractual restriction binding on or affecting                it. |
|-----------------|----------------------------------------------------------------------------------------------|
| **16.4  ** | **Authorisations** |
|----------------------|--------------------|
| **16.5  ** | **Legal                validity** |
|----------------------|-----------------------------------|
| **16.6  ** | **Financial                statements** |
|----------------------|-----------------------------------------|
| **16.7  ** | **Litigation** |
|----------------------|----------------|
| (a)   | could                be reasonably likely to have a Material Adverse Effect (other than                matters                as are identified in the periodic report of the Guarantor, which                are filed                prior to the date of this Agreement with the SEC);                or |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | purports                to affect the legality, validity or enforceability of this Agreement                or                any other Finance Document or the consummation of the transactions                contemplated hereby. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **16.8  ** | **Use                of credit** |
|----------------------|----------------------------------|
| **16.9  ** | **Title                to property** |
|----------------------|--------------------------------------|
| **16.10  ** | **Intellectual                property** |
|-----------------------|------------------------------------------|
| **16.11  ** | **Compliance                with laws** |
|-----------------------|-----------------------------------------|
| **16.12  ** | **Investment                Company Act** |
|-----------------------|-------------------------------------------|
| (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. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **16.13  ** | **Taxes** |
|-----------------------|-----------|
| (a)   | The                Company represents and warrants that it, and the Guarantor represents                and                warrants that each member of the Group has timely filed or caused                to be                filed all tax returns and reports required to have been filed and                has paid                or caused to be paid all taxes required to have been filed and has                paid or                caused to be paid all taxes required to have been paid by it,                except: |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | taxes                that are being contested in good faith by appropriate proceedings                and for                which such person has set aside on its books reserves where required                by                GAAP; or |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | to                the extent that the failure to do so could not reasonably be expected                to                result in a Material Adverse Effect. |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | The                Company represents and warrants that for Tax purposes, it is resident                only                in the jurisdiction of its incorporation. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **16.14  ** | **Ownership                of the Company** |
|-----------------------|---------------------------------------------|
| **16.15  ** | **Material                Subsidiaries** |
|-----------------------|------------------------------------------|
| **16.16  ** | **Dutch                Banking Act** |
|-----------------------|--------------------------------------|
| (a)   | If                the Company is a credit institution (*kredietinstelling*)                under the Dutch Banking Act, it is in compliance with the applicable                provisions of the Dutch Banking Act and any implementing regulation,                including the Dutch Exemption Regulation. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | On                the date of this Agreement the Company has verified the status of                each                person which is a Lender under this Agreement either                as: |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | a                Professional Market Party under the Dutch Exemption Regulation;                or  |
|-----------------|----------------------------------------------------------------------------------------------------------|
| (ii)   | exempted                from the requirement to be a Professional Market Party because it                forms                part of a closed circle (*besloten                kring*)                with the Company. |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | The                Company will be deemed to have complied with its verification obligation                set out under (b)(i)                above,                if it could reasonably assume that the Lender concerned is a Professional                Market Party on the basis of: |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | information                from public registers; |
|-----------------|---------------------------------------------------|
| (ii)   | information                from a recognised rating institution within the meaning of the Dutch                capital adequacy rules for credit institutions as set out in the                Credit                System Supervision Manual (*Handboek                Wtk*)                part 9001-02; |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iii)   | information                received from such Lender; or |
|-------------------|----------------------------------------------------------|
| (iv)   | an                express confirmation from such Lender. |
|------------------|----------------------------------------------------------|
| **16.17  ** | **Times                for making representations and                warranties** |
|-----------------------|-----------------------------------------------------------------------------------|
| (a)   | The                representations and warranties set out in this Clause are made by                each                Obligor on the date of this Agreement. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | Unless                a representation and warranty is expressed to be given at a specific                date,                each representation and warranty is deemed to be repeated by each                Obligor                on the Utilisation Date and the first day of each Interest                Period. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | When                a representation and warranty is repeated, it is applied to the                circumstances existing at the time of                repetition. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **17.  ** | **POSITIVE                COVENANTS** |
|---------------------|---------------------------------------|
| **17.1  ** | **General** |
|----------------------|-------------|
| **17.2  ** | **Compliance                with laws** |
|----------------------|-----------------------------------------|
| **17.3  ** | **Payment                of taxes** |
|----------------------|-------------------------------------|
| (a)   | all                taxes, assessments and governmental charges or levies imposed upon                it or                upon its property; and |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | all                lawful claims that, if unpaid, might by law become a Security Interest                upon its property, |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------|
| **17.4  ** | **Insurance** |
|----------------------|---------------|
| **17.5  ** | **Preservation                of corporate existence** |
|----------------------|--------------------------------------------------------|
| **17.6  ** | **Inspection                rights** |
|----------------------|--------------------------------------|
| **17.7  ** | **Maintenance                of accounts** |
|----------------------|--------------------------------------------|
| **17.8  ** | **Maintenance                of properties** |
|----------------------|----------------------------------------------|
| **17.9  ** | **Ownership                of the Company** |
|----------------------|---------------------------------------------|
| **17.10  ** | **Reporting                requirements** |
|-----------------------|-------------------------------------------|
| (a)   | The                Guarantor (or the Company in the case of (ii)                below)                must supply to the Facility Agent in sufficient copies for all the                Lenders: |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | as                soon as available and in any event within 60 days after the end of                each of                the first three quarters of each fiscal year of the Guarantor, a                Consolidated balance sheet of the Group as of the end of such quarter                and                Consolidated statements of income and cash flows of the Group for                the                period commencing at the end of the previous fiscal year and ending                with                the end of such quarter, duly certified (subject to year-end audit                adjustments) by the chief financial officer, treasurer or controller                of                the Guarantor as having been prepared in accordance with GAAP and                certificates of the chief financial officer, treasurer or controller                of                the Guarantor as to compliance with the terms of this Agreement and                setting forth in reasonable detail the calculations necessary to                demonstrate compliance with Clause 18.8                (Financial                covenants),                provided that in the event of any change in GAAP used in the preparation                of such financial statements, the Guarantor shall also provide, if                necessary for the determination of compliance with                Clause 18.8                (Financial                covenants),                a statement of reconciliation conforming such financial statements                to                GAAP; |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | as                soon as available and in any event within 60 days after the end of                each of                the first half of each fiscal year of the Company, interim financial                statements of the Company; |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iii)   | as                soon as available and in any event within 105 days after the end                of each                fiscal year of the Guarantor, a copy of the audited annual report                for such                year for the Group, containing a Consolidated balance sheet of the                Group                as of the end of such fiscal year and Consolidated statements of                income                and cash flows of the Group for such fiscal year, in each case accompanied                by an opinion acceptable to the Majority Lenders by                PricewaterhouseCoopers, LLP or other independent public accountants                acceptable to the Majority Lenders and certificates of the chief                financial                officer, treasurer or controller of the Guarantor as to compliance                with                the terms of this Agreement and setting forth in reasonable detail                the                calculations necessary to demonstrate compliance with Clause 18.8                (Financial                covenants),                provided that in the event of any change in GAAP used in the preparation                of such financial statements, the Guarantor shall also provide, if                necessary for the determination of compliance with Clause 18.8                (Financial                covenants),                a statement of reconciliation conforming such financial statements                to                GAAP; |
|-------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iv)   | as                soon as possible and in any event within five days after the occurrence                of                each Default continuing on the date of such statement, a statement                of the                chief financial officer, treasurer or controller of the Guarantor                setting                forth details of such Default and the action that the Guarantor has                taken                and proposes to take with respect                thereto; |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (v)   | promptly                after the sending or filing thereof, copies of all reports that the                Guarantor sends to any of its securityholders, and copies of all                reports                and registration statements that the Guarantor or any of its Subsidiaries                files with the Securities and Exchange Commission or any national                securities exchange; |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (vi)   | promptly                after the commencement thereof, notice of all actions and proceedings                before any court, governmental agency or arbitrator affecting any                member                of the Group of the type described in Clause 16.7                (Litigation);                and |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (vii)   | such                other information respecting any member of the Group as any Lender                through                the Facility Agent may from time to time reasonably                request. |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | Reports                required to be delivered pursuant to (i),                (iii),                (v) and (vi) above shall be deemed to have been delivered on the                date on                which such report is posted on the SEC's website at www.sec.gov,                and such                posting shall be deemed to satisfy the reporting requirements of                (i),                (iii),                (v) and (vi) above; provided that the Guarantor shall deliver paper                copies                of the certificate required by (i)                and (iii)                above to the Facility Agent and each of the Lenders until such time                as the                Facility Agent shall provide the Company or Guarantor written notice                otherwise. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **17.11  ** | **Know                your customer requirements** |
|-----------------------|----------------------------------------------------|
| (a)   | Each                Obligor must as soon as reasonably practicable following receipt                of                written request from any Finance Party supply to that Finance Party                any                documentation or other evidence which is reasonably requested by                that                Finance Party (whether for itself, on behalf of any Finance Party                or any                prospective new Lender) to enable a Finance Party or prospective                new                Lender to carry out and be satisfied with the results of all applicable                know your customer requirements. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | Each                Lender must promptly on the request of the Facility Agent supply                to the                Facility Agent any documentation or other evidence which is reasonably                required by the Facility Agent to carry out and be satisfied with                the                results of all know your customer                requirements. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **18.  ** | **NEGATIVE                COVENANTS****AND FINANCIAL COVENANTS** |
|---------------------|------------------------------------------------------------------|
| **18.1  ** | **General** |
|----------------------|-------------|
| **18.2  ** | **Negative                pledge** |
|----------------------|------------------------------------|
| (a)   | Permitted                Security Interests; |
|-----------------|----------------------------------------------|
| (b)   | purchase                money Security Interests upon or in any real property or equipment                acquired or held by any member of the Group in the ordinary course                of                business to secure the purchase price of such property or equipment                or to                secure Debt incurred solely for the purpose of financing the acquisition                of such property or equipment, or Security Interests existing on                such                property or equipment at the time of its acquisition (other than                any such                Security Interests created in contemplation of such acquisition that                were                not incurred to finance the acquisition of such property) or extensions,                renewals or replacements of any of the foregoing for the same or                a lesser                amount, provided, however, that no such Security Interest shall extend                to                or cover any properties of any character other than the real property                or                equipment being acquired, and no such extension, renewal or replacement                shall extend to or cover any properties not theretofore subject to                the                Security Interest being extended, renewed or replaced, provided further                that the aggregate principal amount of the indebtedness secured by                the                Security Interests referred to in this paragraph shall not exceed                US$100,000,000 at any time outstanding; |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | Security                Interests arising in connection with any court action or other legal                proceeding so long as no Default under Clause 19.7                (Final                judgment)                has occurred and is continuing; |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | other                Security Interests securing Debt in an aggregate principal amount                not to                exceed US$50,000,000 at any time outstanding;                and |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (e)   | the                replacement, extension or renewal of any Security Interest permitted                by                paragraph (a)                above                upon or in the same property theretofore subject thereto or the                replacement, extension or renewal (without increase in the amount                or                change in any direct or contingent obligor) of the Debt secured                thereby. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **18.3  ** | **Mergers** |
|----------------------|-------------|
| (a)   | any                Material Subsidiary may merge or consolidate with or into, or dispose                of                assets to, any other Subsidiary of the                Guarantor; |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | any                Subsidiary of the Guarantor may merge into or dispose of assets to                the                Guarantor or to the Company; and |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | the                Guarantor and/or the Company may merge with any other person so long                as                the Guarantor and/or the Company (as the case may be) is the surviving                corporation, |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **18.4  ** | **Accounting                changes** |
|----------------------|---------------------------------------|
| **18.5  ** | **Change                of business** |
|----------------------|---------------------------------------|
| **18.6  ** | **Restrictive                agreements** |
|----------------------|-------------------------------------------|
| (a)   | the                ability of the Guarantor or any of its Subsidiaries to create, incur                or                permit to exist any Security Interest upon any of its property or                assets;                or |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | the                ability of any Subsidiary of the 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 Guarantor or any other Subsidiary                of the                Guarantor or to guarantee Debt of the Guarantor or any other Subsidiary                of                the Guarantor; |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | paragraph                (a)                above                and this paragraph (b)                shall not apply to restrictions and conditions imposed by law or                by this                Agreement or the Existing Guarantor Credit                Agreement; |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | paragraph                (a)                above                and this paragraph (b)                shall not apply to restrictions and conditions that could not be                reasonably expected to cause a material adverse effect on the ability                of                the Guarantor to perform any of its obligations under this                Agreement; |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iii)   | paragraph                (a)                above                and this paragraph (b)                shall not apply to restrictions and conditions existing on the date                hereof                (but shall apply to any extension or renewal of, or any amendment                or                modification expanding the scope of, any such restriction or                condition); |
|-------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iv)   | paragraph                (a)                above                and this paragraph (b)                shall not apply to customary restrictions and conditions contained                in                agreements relating to the sale of a Subsidiary of the Guarantor                pending                such sale, provided such restrictions and conditions apply only to                the                Subsidiary of the Guarantor that is to be sold and such sale is permitted                hereunder; |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (v)   | paragraph                (a)                above                shall not apply to restrictions or conditions imposed by any agreement                relating to secured Debt permitted by this Agreement if such restrictions                or conditions apply only to the property or assets securing such                Debt;                and |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (vi)   | paragraph                (a)                above                shall not apply to customary provisions in leases and licences restricting                the assignment thereof. |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **18.7  ** | **Use                of credit** |
|----------------------|----------------------------------|
| **18.8  ** | **Financial                covenants** |
|----------------------|----------------------------------------|
| (a)   | maintain                a ratio of Consolidated Debt for Borrowed Money to Consolidated EBITDA                of                the Group for the four fiscal quarters most recently ended of not                greater                than 3.0:1.0; and |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | maintain                a ratio of Consolidated EBITDA of the Group for the four fiscal quarters                most recently ended to interest payable on, and amortisation of debt                discount in respect of, all Debt for Borrowed Money during such period,                by                the Group of not less than 4.0:1.0. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **19.  ** | **DEFAULT** |
|---------------------|-------------|
| **19.1  ** | **Events                of Default** |
|----------------------|--------------------------------------|
| **19.2  ** | **Non-payment** |
|----------------------|-----------------|
| (i)   | its                failure to pay is caused by administrative or technical error;                and |
|-----------------|------------------------------------------------------------------------------------------------------|
| (ii)   | payment                is made within two Business Days of receiving notice that the payment                was                not made on its due date. |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|
| **19.3  ** | **Misrepresentation** |
|----------------------|-----------------------|
| **19.4  ** | **Breach                of other obligations** |
|----------------------|------------------------------------------------|
| (a)   | An                Obligor shall fail to perform or observe any term, covenant or agreement                contained in Clauses 17.5                (Preservation                of corporate existence),                17.6                (Inspection                rights),                17.10                (Reporting                requirements),                or 18                (Negative                Covenants and Financial Covenants);                or |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | an                Obligor shall fail to perform or observe any other term, covenant                or                agreement contained in this Agreement on its part to be performed                or                observed if such failure shall remain unremedied for 30 days after                the                earlier of: |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | written                notice thereof shall have been given to the Company and the Guarantor                by                the Facility Agent or any Lender; and |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | a                responsible financial officer of the Company and the Guarantor otherwise                becomes aware of such failure. |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------------|
| **19.5  ** | **Cross-default** |
|----------------------|-------------------|
| (a)   | The                Guarantor or any of its Subsidiaries shall fail to pay any principal                of or                premium or interest on any Debt that is outstanding in a principal                or                notional amount of at least US$50,000,000 in the aggregate (but excluding                Debt outstanding hereunder) of the Guarantor or such Subsidiary (as                the                case may be), when the same becomes due and payable (whether by scheduled                maturity, required prepayment, acceleration, demand or otherwise),                and                such failure shall continue after the applicable grace period, if                any,                specified in the agreement or instrument relating to such Debt; |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | any                other event shall occur or condition shall exist under any agreement                or                instrument relating to any such Debt and shall continue after the                applicable grace period, if any, specified in such agreement or                instrument, if the effect of such event or condition is to accelerate,                or                to permit the acceleration of, the maturity of such Debt; or |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | any                such Debt shall be declared to be due and payable, or required to                be                prepaid or redeemed (other than by a regularly scheduled required                prepayment or redemption), purchased or defeased, or an offer to                prepay,                redeem, purchase or defease such Debt shall be required to be made,                in                each case prior to the stated maturity                thereof. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **19.6  ** | **Insolvency** |
|----------------------|----------------|
| (a)   | it                shall generally not pay its debts as such debts become                due; |
|-----------------|----------------------------------------------------------------------------------------------|
| (b)   | it                admits in writing its inability to pay its debts                generally; |
|-----------------|----------------------------------------------------------------------------------------------|
| (c)   | it                makes a general assignment for the benefit of its creditors; |
|-----------------|--------------------------------------------------------------------------------|
| (d)   | any                proceeding shall be instituted by or against it: |
|-----------------|---------------------------------------------------------------------|
| (i)   | seeking                to adjudicate it a bankrupt or insolvent; |
|-----------------|------------------------------------------------------------------|
| (ii)   | seeking                liquidation, winding up, reorganisation, arrangement, adjustment,                protection, relief, or composition of it or its debts under any law                relating to bankruptcy, insolvency or reorganisation or relief of                debtors;                or |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iii)   | seeking                the entry of an order for relief or the appointment of a receiver,                trustee, custodian or other similar official for it or for any substantial                part of its property; and |
|-------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iv)   | either                such proceeding shall remain undismissed or unstayed for a period                of 60                days; or |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------|
| (v)   | any                of the actions sought in such proceeding (including, without limitation,                the entry of an order for relief against, or the appointment of a                receiver, trustee, custodian or other similar official for, it or                for any                substantial part of its property) shall occur; or |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (e)   | the                Guarantor or any of its Material Subsidiaries shall take any corporate                action to authorise any of the actions set forth above in this                Clause. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **19.7  ** | **Final                judgment** |
|----------------------|-----------------------------------|
| (a)   | Any                judgments or orders for the payment of money in excess of US$25,000,000                in                the aggregate shall be rendered against the Guarantor or any of its                Subsidiaries and either: |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | enforcement                proceedings shall have been commenced by any creditor upon such judgment                or order; |
|-----------------|------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | other                than in respect of a settlement order, there shall be any period                of 30                consecutive days during which a stay of enforcement of such judgment                or                order, by reason of a pending appeal or otherwise, shall not be in                effect;                or |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iii)   | the                Guarantor or any of its Subsidiaries shall be in default under a                settlement order. |
|-------------------|----------------------------------------------------------------------------------------------------------------------|
| (b)   | Any                non-monetary judgment or order shall be rendered against the Guarantor                or                any of its Subsidiaries that could be reasonably expected to have                a                Material Adverse Effect, and there shall be any period of 30 consecutive                days during which a stay of enforcement of such judgment or order,                by                reason of a pending appeal or otherwise, shall not be in                effect. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **19.8  ** | **Change                of control** |
|----------------------|--------------------------------------|
| (a)   | Any                person or two or more persons acting in concert shall have acquired                beneficial ownership (within the meaning of Rule 13d-3 of the Securities                and Exchange Commission under the U.S. Securities Exchange Act of                1934),                directly or indirectly, of Voting Stock of the Guarantor (or other                securities convertible into such Voting Stock) representing 30 per                cent.                or more of the combined voting power of all Voting Stock of the Guarantor; |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | during                any period of up to 12 consecutive months, commencing before or after                the                date of this Agreement, individuals who at the beginning of such                12-month                period were directors of the Guarantor shall cease for any reason                to                constitute a majority of the board of directors of the Guarantor;                or |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | any                person or two or more persons acting in concert shall have acquired                by                contract or otherwise, or shall have entered into a contract or                arrangement that, upon consummation, will result in its or their                acquisition of the power to exercise, directly or indirectly, a                controlling influence over the management or policies of the                Guarantor. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **19.9  ** | **ERISA** |
|----------------------|-----------|
| (a)   | the                occurrence of any ERISA Event; |
|-----------------|---------------------------------------------------|
| (b)   | the                partial or complete withdrawal of the Guarantor or any of its ERISA                Affiliates from a Multiemployer Plan; or |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | the                reorganisation or termination of a Multiemployer                Plan. |
|-----------------|------------------------------------------------------------------------------------------|
| **19.10  ** | **Acceleration** |
|-----------------------|------------------|
| (a)   | declare                the obligation of each Lender to advance Loans to be terminated,                whereupon                the same shall forthwith terminate; and |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | declare                the Loans, all interest thereon and all other amounts payable under                this                Agreement to be forthwith due and payable, whereupon the Loans, all                such                interest and all such amounts shall become and be forthwith due and                payable, without presentment, demand, protest or further notice of                any                kind, all of which are hereby expressly waived by the Company; provided,                however, that in the event of an actual or deemed entry of an order                for                relief with respect to the Guarantor under the Bankruptcy                Code: |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | the                obligation of each Lender to make Loans shall automatically be terminated;                and |
|-----------------|------------------------------------------------------------------------------------------------------------------|
| (ii)   | the                Loans, all such interest and all such amounts shall automatically                become                and be due and payable, without presentment, demand, protest or any                notice                of any kind, all of which are hereby expressly waived by the                Company. |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **19.11  ** | **BLIO                Matters** |
|-----------------------|---------------------------------|
| (a)   | Solely                for the Waiver Period, it is agreed that, the BLIO Matters described                in                the BLIO Announcements will not result in or constitute a breach                of this                Agreement (including, without limitation, any misrepresentation or                breach                of covenant) or an Event of Default) to the extent                that: |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | any                restatements of the Guarantor's financial statements for prior financial                periods do not result in reductions in profits after tax of the Guarantor                of more than US$50,000,000 in the aggregate;                and |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | with                respect to any delay in delivery of financial statements required                to be                delivered under this Agreement, such delay does not extend beyond                1 March,                2006. |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | In                this Clause: |
|-----------------|--------------------------------|

**BLIO        Announcements**

| (i)   | press                releases dated 26 October, 2005 and 3 November, 2005;                and |
|-----------------|-----------------------------------------------------------------------------------------------|
| (ii)   | filings                with the SEC on Form 8-K dated 27 October, 2005 and on Form 12(b)-25                dated                3 November, 2005, |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|

**BLIO**

**BLIO        Matters**

| (i)   | delay                delivery of its financial statements to the Facility Agent under                this                Agreement; |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | delay                certain of its filings with the SEC; and |
|------------------|---------------------------------------------------------------|
| (iii)   | restate                its financial statements for prior periods, and that such a restatement,                if necessary, would also require unrelated out-of-period entries                made in                prior periods to be reclassified to the appropriate prior                period. |
|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Waiver        Period**

**Waiver        Termination Date**

| (c)   | Notwithstanding                the foregoing, with respect to the BLIO Matters, nothing in this                Clause                19.11                shall constitute an admission (i) of liability with respect to the                BLIO                Matters, (ii) that any misrepresentation or breach of warranty, covenant                or other provision of this Agreement has occurred, or (iii) that                an Event                of Default has occurred under this                Agreement. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | On                the Waiver Termination Date, without any further action by any Finance                Party, all of the terms and provisions set forth in this Agreement                that                are waived pursuant to this Clause 19.11                and not cured prior to the Waiver Termination Date shall have the                same                force and effect as if this Clause 19.11                did not exist, and the Finance Parties shall have all of the rights                and                remedies afforded to them under this Agreement with respect to any                such                waived terms and provisions as though this Clause 19.11                did not exist. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **20.  ** | **THE                ADMINISTRATIVE PARTIES** |
|---------------------|-----------------------------------------------|
| **20.1  ** | **Appointment                of the Facility Agent** |
|----------------------|------------------------------------------------------|
| (a)   | Each                Finance Party (other than the Facility Agent) irrevocably appoints                the                Facility Agent to act as its agent under and in connection with the                Finance Documents. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | Each                Finance Party irrevocably authorises the Facility Agent                to: |
|-----------------|------------------------------------------------------------------------------------------------|
| (i)   | perform                the duties and to exercise the rights, powers, authorities and discretions                that are specifically given to it under or in connection with the                Finance                Documents, together with any other incidental rights, powers, authorities                and discretions; and |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | execute                each Finance Document expressed to be executed by the Facility                Agent. |
|------------------|-------------------------------------------------------------------------------------------------------------|
| (c)   | The                Facility Agent has only those duties which are expressly specified                in the                Finance Documents. Those duties are solely of a mechanical and                administrative nature. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **20.2  ** | **Role                of the Mandated Lead Arranger****s** |
|----------------------|------------------------------------------------------------|
| **20.3  ** | **No                fiduciary duties** |
|----------------------|----------------------------------------|
| (a)   | Nothing                in the Finance Documents makes an Administrative Party a trustee                or                fiduciary for any other Party or any other person;                and |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | no                Administrative Party need hold in trust any moneys paid to it or                recovered                by it for a Party in connection with the Finance Documents or be                liable to                account for interest on those moneys. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **20.4  ** | **Individual                position of an Administrative                Party** |
|----------------------|----------------------------------------------------------------------------------|
| (a)   | If                it is also a Lender, each Administrative Party has the same rights                and                powers under the Finance Documents as any other Lender and may exercise                those rights and powers as though it were not an Administrative                Party. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | Each                Administrative Party may: |
|-----------------|-----------------------------------------------|
| (i)   | accept                deposits from, lend money to and generally engage in any kind of                banking                or carry on any other business with an Obligor or its related entities                (including acting as an agent or a trustee for any other financing);                and |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | retain                any profits or remuneration it receives under the Finance Documents                or in                relation to any other business it carries on with an Obligor or its                related entities. |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **20.5  ** | **Reliance** |
|----------------------|--------------|
| (a)   | rely                on any representation, notice or document believed by it to be genuine                and                correct and to have been signed by, or with the authority of, the                proper                person; |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | rely                on any statement made by any person regarding any matters which may                reasonably be assumed to be within his knowledge or within his power                to                verify; |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | assume,                unless the context otherwise requires, that any communication made                by an                Obligor is made on behalf of and with the consent and knowledge of                each                Obligor; |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | engage,                pay for and rely on the advice or services of any professional advisers                selected by it (including those representing a Party other than the                Facility Agent); and |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (e)   | act                under the Finance Documents through its personnel and                agents. |
|-----------------|-------------------------------------------------------------------------------------------------|
| **20.6  ** | **Majority                Lenders' instructions** |
|----------------------|---------------------------------------------------|
| (a)   | Unless                any contrary indication appears in a Finance Document, the Facility                Agent                is fully protected if it acts (or refrains from taking action) on                the                instructions of the Majority Lenders in the exercise of any right,                power,                authority or discretion or any matter not expressly provided for                in the                Finance Documents. Unless any contrary indication appears in a Finance                Document, any such instructions given by the Majority Lenders will                be                binding on all the Lenders. In the absence of instructions from the                Majority Lenders (or if appropriate, the Lenders), the Facility Agent                may                act (or refrain from taking action) as it considers to be in the                best                interests of all the Lenders. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | The                Facility Agent may assume that unless it has received notice to the                contrary in its capacity as Facility Agent for the Lenders, any right,                power, authority or discretion vested in any Party or the Majority                Lenders                has not been exercised. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | The                Facility Agent may refrain from acting in accordance with the instructions                of the Majority Lenders (or, if appropriate, the Lenders) until it                has                received security satisfactory to it, whether by way of payment in                advance                or otherwise, against any liability or loss which it may incur in                complying with the instructions. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | The                Facility Agent is not authorised to act on behalf of a Lender (without                first obtaining that Lender's consent) in any legal or arbitration                proceedings in connection with any Finance                Document. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **20.7  ** | **Responsibility** |
|----------------------|--------------------|
| (a)   | No                Administrative Party is responsible for the adequacy, accuracy and/or                completeness of any statement or information (whether written or                oral)                supplied by an Administrative Party, an Obligor or any other person                given                in or in connection with any Finance Document including the Information                Memorandum. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | No                Administrative Party is responsible for the legality, validity,                effectiveness, adequacy, completeness or enforceability of any Finance                Document or any other agreement, arrangement or document entered                into,                made or executed in anticipation of or in connection with any Finance                Document. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | Without                affecting the responsibility of any Obligor for information supplied                by it                or on its behalf in connection with any Finance Document, each Lender                confirms that it: |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | has                been, and will continue to be, solely responsible for making its                own                independent appraisal investigation of all risks arising under or                in                connection with the Finance Documents including but not limited                to: |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (A)   | the                financial conditions, status and nature of each member of the                Group; |
|-----------------|--------------------------------------------------------------------------------------------------------|
| (B)   | the                legality, validity, effectiveness, adequacy or enforceability of                any                Finance Document and any other agreement, arrangement or document                entered                into, made or executed in anticipation of, under or in connection                with any                Finance Document; |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (C)   | whether                that Lender has recourse, and the nature and extent of that recourse,                against any Party or any of its respective assets under or in connection                with any Finance Document, the transactions contemplated by the Finance                Documents or any other agreement, arrangement or document entered                into,                made or executed in anticipation of, under or in connection with                any                Finance Document; and |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (D)   | the                adequacy, accuracy and/or completeness of the Information Memorandum                and                any other information provided by the Facility Agent, any Party or                by any                other person under or in connection with any Finance Document, the                transactions contemplated by the Finance Documents or any other agreement,                arrangement or document entered into, made or executed in anticipation                of,                under or in connection with any Finance Document;                and |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | has                not relied exclusively on any information provided to it by any                Administrative Party in connection with any Finance Document or agreement                entered into in anticipation of or in connection with any Finance                Document. |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **20.8  ** | **Exclusion                of liability** |
|----------------------|-------------------------------------------|
| (a)   | Without                limiting paragraph (b)                below,                the Facility Agent is not liable or responsible for any action taken                or                not taken by it under or in connection with any Finance Document,                unless                directly caused by its gross negligence or wilful                misconduct. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | No                Party (other than the relevant Administrative Party) may take any                proceedings against any officers, employees or agents of another                Administrative Party in respect of any claim it might have against                that                Administrative Party or in respect of any act or omission of any                kind by                that officer, employee or agent in connection with any Finance Document.                Any officer, employee or agent of an Administrative Party may rely                on this                Subclause and enforce its terms under the Contracts (Rights of Third                Parties) Act 1999. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | The                Facility Agent is not liable for any delay (or any related consequences)                in crediting an account with an amount required under the Finance                Documents to be paid by the Facility Agent if the Facility Agent                has taken                all necessary steps as soon as reasonably practicable to comply with                the                regulations or operating procedures of any recognised clearing or                settlement system used by the Facility Agent for that                purpose. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)                         (i)   | Nothing                in this Agreement will oblige any Administrative Party to carry out                any                know your customer requirement or other checks in relation to any                person                on behalf of any Finance Party. |
|----------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | Each                Finance Party confirms to each Administrative Party that it is solely                responsible for any know your customer requirements or checks it                is                required to carry out and that it may not rely on any statement in                relation to those requirements or checks made by any of the Administrative                Parties. |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **20.9  ** | **Default** |
|----------------------|-------------|
| (a)   | The                Facility Agent is not obliged to monitor or enquire whether a Default                has                occurred. The Facility Agent is not deemed to have knowledge of the                occurrence of a Default. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | If                the Facility Agent: |
|-----------------|---------------------------------------|
| (i)   | receives                notice from a Party referring to this Agreement, describing a Default                and                stating that the circumstances described is a Default;                or |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | is                aware of the non-payment of any principal, interest or fee payable                to a                Finance Party (other than the Facility Agent or a Mandated Lead Arranger)                under this Agreement, |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **20.10  ** | **Information** |
|-----------------------|-----------------|
| (a)   | The                Facility Agent must promptly forward to a Party the original or a                copy of                any document which is delivered to the Facility Agent by a Party                for any                other Party. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | Except                where a Finance Document specifically provides otherwise, the Facility                Agent is not obliged to review or check the adequacy, accuracy or                completeness of any document it forwards to another                Party. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | Except                as provided above, the Facility Agent has no                duty: |
|-----------------|-----------------------------------------------------------------------------------------|
| (i)   | either                initially or on a continuing basis to provide any Lender with any                credit                or other information concerning the risks arising under or in connection                with the Finance Documents (including any information relating to                the                financial condition or affairs of any Obligor or its related entities                or                the nature or extent of recourse against any Party or its assets)                whether                coming into its possession before, on or after the date of this Agreement;                or |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | unless                specifically requested to do so by a Lender in accordance with a                Finance                Document, to request any certificate or other document from any                Obligor. |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | In                acting as Facility Agent for the Finance Parties, the agency division                of                the Facility Agent is treated as a separate entity from its other                divisions and departments. If information is received by another                division                or department of the Facility Agent, it may be treated as confidential                to                that division or department and the Facility Agent shall not be deemed                to                have notice of it. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (e)   | The                Facility Agent is not obliged to disclose to any person any confidential                information supplied to it by or on behalf of a member of the Group                solely                for the purpose of evaluating whether any waiver or amendment is                required                in respect of any term of the Finance                Documents. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (f)   | Each                Obligor irrevocably authorises the Facility Agent to disclose to                the other                Finance Parties any information which, in its opinion, is received                by it                in its capacity as the Facility Agent. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **20.11  ** | **Indemnities** |
|-----------------------|-----------------|
| (a)   | Without                limiting the liability of any Obligor under the Finance Documents,                each                Lender must indemnify the Facility Agent, within three Business Days                of                demand, for that Lender's Pro Rata Share of any cost, loss or liability                incurred by the Facility Agent in acting as the Facility Agent under                the                Finance Documents (unless the Facility Agent has been reimbursed                by an                Obligor under a Finance Document), except to the extent that the                cost,                loss or liability is caused by the Facility Agent's gross negligence                or                wilful misconduct. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | If                a Party owes an amount to the Facility Agent under the Finance Documents,                the Facility Agent may, after giving notice to that                Party: |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | deduct                from any amount received by it for that Party any amount due to the                Facility Agent from that Party under a Finance Document but unpaid;                and |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | apply                that amount in or towards satisfaction of the owed                amount. |
|------------------|------------------------------------------------------------------------------------------------|
| **20.12  ** | **Compliance** |
|-----------------------|----------------|
| **20.13  ** | **Resignation                of the Facility Agent** |
|-----------------------|------------------------------------------------------|
| (a)   | The                Facility Agent may resign and appoint any of its Affiliates as successor                Facility Agent by giving notice to the other Finance Parties, the                Company                and the Guarantor. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | Alternatively,                the Facility Agent may resign by giving notice to the Finance Parties,                the                Company and the Guarantor, in which case the Majority Lenders may                appoint                a successor Facility Agent. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | If                no successor Facility Agent has been appointed under                paragraph (b)                above                within 30 days after notice of resignation was given, the Facility                Agent may appoint a successor Facility                Agent. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | The                person(s) appointing a successor Facility Agent must, if practicable,                consult with the Company and the Guarantor prior to the appointment.                Any                successor Facility Agent must have an office in the                U.K. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (e)   | The                resignation of the Facility Agent and the appointment of any successor                Facility Agent will both become effective only when the successor                Facility                Agent notifies all the Parties that it accepts its appointment. On                giving                the notification, the successor Facility Agent will succeed to the                position of the Facility Agent and the term **Facility                Agent**                will mean the successor Facility Agent. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (f)   | The                retiring Facility Agent must, at its own cost, make available to                the                successor Facility Agent such documents and records and provide such                assistance as the successor Facility Agent may reasonably request                for the                purposes of performing its functions as the Facility Agent under                the                Finance Documents. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (g)   | Upon                its resignation becoming effective, this Clause will continue to                benefit the retiring Facility Agent in respect of any action taken                or not                taken by it in connection with the Finance Documents while it was                the                Facility Agent, and, subject to paragraph (f)                above,                it will have no further obligations under any Finance                Document. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **20.14  ** | **Relationship                with Lenders** |
|-----------------------|----------------------------------------------|
| (a)   | The                Facility Agent may treat each Lender as a Lender, entitled to payments                under this Agreement and as acting through its Facility Office(s)                unless                it has received not less than five Business Days' prior notice from                that                Lender to the contrary in accordance with the terms of this                Agreement. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | The                Facility Agent may at any time, and must if requested to do so by                the                Majority Lenders, convene a meeting of the                Lenders. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | The                Facility Agent must keep a record of all the Parties and supply any                other                Party with a copy of the record on request. The record will include                each                Lender's Facility Office(s) and contact details for the purposes                of this                Agreement. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | Each                Lender must supply the Facility Agent with any information required                by the                Facility Agent in order to calculate the Mandatory Cost in accordance                with                Schedule                4                (Calculation                of the Mandatory Cost). |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **20.15  ** | **Notice                period** |
|-----------------------|----------------------------------|
| **20.16  ** | **Deduction                from amounts payable by the Facility                Agent** |
|-----------------------|----------------------------------------------------------------------------------------|
| **21.  ** | **EVIDENCE                AND CALCULATIONS** |
|---------------------|----------------------------------------------|
| **21.1  ** | **Accounts** |
|----------------------|--------------|
| **21.2  ** | **Certificates                and determinations** |
|----------------------|----------------------------------------------------|
| **21.3  ** | **Calculations** |
|----------------------|------------------|
| **22.  ** | **FEES** |
|---------------------|----------|
| **22.1  ** | **Facility                Agent's fee** |
|----------------------|-----------------------------------------|
| **22.2  ** | **Participation                fees** |
|----------------------|---------------------------------------|
| **22.3  ** | **Arrangement                fees** |
|----------------------|-------------------------------------|
| **23.  ** | **INDEMNITIES                AND BREAK COSTS** |
|---------------------|------------------------------------------------|
| **23.1  ** | **Currency                indemnity** |
|----------------------|---------------------------------------|
| (a)   | The                Company must, as an independent obligation, indemnify each Finance                Party                against any loss or liability which that Finance Party incurs as                a                consequence of: |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | that                Finance Party receiving an amount in respect of an Obligor's liability                under the Finance Documents; or |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | that                liability being converted into a claim, proof, judgment or                order, |
|------------------|------------------------------------------------------------------------------------------------------|
| (b)   | Unless                otherwise required by law, each Obligor waives any right it may have                in                any jurisdiction to pay any amount under the Finance Documents in                a                currency other than that in which it is expressed to be                payable. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **23.2  ** | **Other                indemnities** |
|----------------------|--------------------------------------|
| (a)   | The                Company must indemnify each Finance Party against any loss or liability                which that Finance Party incurs as a consequence                of: |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | the                occurrence of any Event of Default; |
|-----------------|--------------------------------------------------------|
| (ii)   | any                failure by an Obligor to pay any amount due under a Finance Document                on                its due date, including any resulting from any distribution or                redistribution of any amount among the Lenders under this                Agreement; |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iii)   | (other                than by reason of the gross negligence, wilful misfeasance or default                by                that Finance Party) the Loan not being made after the Request has                been                delivered; |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iv)   | the                Loan (or part of the Loan) not being prepaid in accordance with this                Agreement; or |
|------------------|----------------------------------------------------------------------------------------------------------------------|
| (v)   | any                representation made under Clause 16.16                (Dutch                Banking Act)                or Clause 26.2                (Assignments                and transfers by Lenders)                being incorrect when made or deemed to be made. A Lender which makes                a                representation which is untrue in relation to its status as a Professional                Market Party or its status as part of a closed circle (*besloten                kring*)                cannot make a demand under this                paragraph. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | The                Company must indemnify the Facility Agent against any loss or liability                incurred by the Facility Agent (acting reasonably) as a result                of: |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | investigating                any event which the Facility Agent reasonably believes to be a Default;                or |
|-----------------|------------------------------------------------------------------------------------------------------------------------|
| (ii)   | acting                or relying on any notice which the Facility Agent reasonably believes                to                be genuine, correct and appropriately                authorised. |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **23.3  ** | **Break                Costs** |
|----------------------|--------------------------------|
| (a)   | The                Company must pay to each Lender its Break Costs if the Loan or an                overdue                amount is repaid or prepaid other than on the last day of any Interest                Period applicable to it. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | Break                Costs are the amount (if any) determined by the relevant Lender acting                reasonably, by which: |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------|
| (i)   | the                interest (excluding Margin) which that Lender would have received                for the                period from the date of receipt of any part of its share in the Loan                or an                overdue amount to the last day of the applicable Interest Period                for that                Loan or overdue amount if the principal or overdue amount received                had                been paid on the last day of that Interest                Period; |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | the                amount which that Lender would be able to obtain by placing an amount                equal to the amount received by it on deposit with a leading bank                in the                appropriate interbank market for a period starting on the Business                Day                following receipt and ending on the last day of the applicable Interest                Period. |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | Each                Lender must supply to the Facility Agent for the Company and the                Guarantor                details of the amount of any Break Costs claimed by it under this                Subclause. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **24.  ** | **EXPENSES** |
|---------------------|--------------|
| **24.1  ** | **Initial                costs** |
|----------------------|----------------------------------|
| **24.2  ** | **Subsequent                costs** |
|----------------------|-------------------------------------|
| (a)   | the                negotiation, preparation, printing and entry into of any Finance                Document                (other than a Transfer Certificate) executed after the date of this                Agreement; |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | any                amendment, waiver or consent requested by or on behalf of an Obligor                provided that the Company and the Guarantor approved such costs and                expenses prior to their being incurred;                and |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | any                amendment, waiver or consent specifically allowed by this                Agreement. |
|-----------------|--------------------------------------------------------------------------------------------------------|
| **24.3  ** | **Enforcement                costs** |
|----------------------|--------------------------------------|
| **24.4  ** | **Timing                for payments of costs** |
|----------------------|-------------------------------------------------|
| **25.  ** | **AMENDMENTS                AND WAIVERS** |
|---------------------|-------------------------------------------|
| **25.1  ** | **Procedure** |
|----------------------|---------------|
| (a)   | Except                as provided in this Clause, any term of the Finance Documents may                only be                amended, replaced or waived with the agreement of the Company, the                Guarantor and the Majority Lenders. The Facility Agent may effect,                on                behalf of any Finance Party, an amendment or waiver allowed under                this                Clause. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | The                Facility Agent must promptly notify the other Parties of any amendment                or                waiver effected by it under paragraph (a)                above.                Any such amendment or waiver is binding on all the                Parties. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **25.2  ** | **Exceptions** |
|----------------------|----------------|
| (a)   | An                amendment or waiver which relates to: |
|-----------------|---------------------------------------------------------|
| (i)   | the                definition of **Majority                Lenders**                in                Clause 1.1                (Definitions); |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | an                extension of the date of payment of any amount to a Lender under                the                Finance Documents; |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------------|
| (iii)   | a                reduction in the Margin or a reduction in the amount of any payment                of                principal, interest, fee or other amount payable to a Lender under                the                Finance Documents; |
|-------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iv)   | an                increase in, or an extension of, a Commitment or the Total Commitments                (except as expressly provided in Clause 2.3                (Extension                Option); |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (v)   | a                release of an Obligor other than in accordance with the terms of                this                Agreement; |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------|
| (vi)   | a                term of a Finance Document which expressly requires the consent of                each                Lender; |
|------------------|--------------------------------------------------------------------------------------------------------------------------------|
| (vii)   | the                right of a Lender to assign or transfer its rights or obligations                under                the Finance Documents; or |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------|
| (viii)   | this                Clause, |
|--------------------|-----------------------------|
| (b)   | An                amendment or waiver which relates to the rights or obligations of                an                Administrative Party may only be made with the consent of that                Administrative Party. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | A                Fee Letter may be amended or waived with the agreement of the                Administrative Party that is a party to that Fee Letter and the Company                and the Guarantor. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **25.3  ** | **Change                of currency** |
|----------------------|---------------------------------------|
| **25.4  ** | **Waivers                and remedies cumulative** |
|----------------------|----------------------------------------------------|
| (a)   | may                be exercised as often as necessary; |
|-----------------|--------------------------------------------------------|
| (b)   | are                cumulative and not exclusive of its rights or remedies under the                general                law; and |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | may                be waived only in writing and                specifically. |
|-----------------|-------------------------------------------------------------------------------|
| **26.  ** | **CHANGES                TO THE PARTIES** |
|---------------------|-------------------------------------------|
| **26.1  ** | **Assignments                and transfers by Obligors** |
|----------------------|----------------------------------------------------------|
| **26.2  ** | **Assignments                and transfers by Lenders** |
|----------------------|---------------------------------------------------------|
| (a)   | A                Lender (the **Existing                Lender**)                may, subject to the following provisions of this Subclause, at any                time                assign or transfer (including by way of novation) any of its rights                and                obligations under this Agreement to any other person (the **New                Lender**). |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | Unless                the Guarantor and the Facility Agent otherwise agree and except as                provided below, a transfer of part of a Commitment or part of its                rights                and obligations under this Agreement by the Existing Lender must                be in a                minimum amount of US$5,000,000 and an integral multiple of                US$1,000,000. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | The                consent of the Guarantor is required for any assignment or transfer                unless: |
|-----------------|---------------------------------------------------------------------------------------------------------------|
| (i)   | the                assignment is by way of security to any U.S. Federal Reserve Bank; |
|-----------------|---------------------------------------------------------------------------------------|
| (ii)   | the                New Lender is another Lender or an Affiliate of a Lender, in which                case                prior written notice must be given by the Existing Lender to the                Company,                the Guarantor and the Facility Agent; or |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iii)   | an                Event of Default is outstanding. |
|-------------------|----------------------------------------------------|
| (d)   | The                Facility Agent is not obliged to execute a Transfer Certificate or                otherwise give effect to an assignment or transfer until it has completed                all know your customer requirements to its satisfaction. The Facility                Agent must promptly notify the Existing Lender and the New Lender                if there                are any such requirements. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (e)   | If                the consent of the Guarantor is required for any assignment or transfer                (irrespective of whether it may be unreasonably withheld or not),                the                Facility Agent is not obliged to execute a Transfer Certificate if                the                Guarantor withholds its consent. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (f)    (i)   | If,                on the date of an assignment or transfer, it is a requirement of                Dutch law                that each Lender must be a Professional Market                Party: |
|--------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (A)   | unless                the New Lender is a Professional Market Party, the consent of the                Company                is required for any assignment or                transfer; |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (B)   | the                Company's consent must not be unreasonably withheld or                delayed; |
|-----------------|---------------------------------------------------------------------------------------------------|
| (C)   | the                Company will be deemed to have given its consent five Business Days                after                the Company and the Guarantor are given written notice of the request                together with a copy of a Transfer Certificate signed by the New                Lender                confirming that it is a Professional Market Party or forms part of                a                closed circle with the Company unless it is expressly refused by                the                Company within that time because either: |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| I.   | the                proposed New Lender is not a Professional Market Party or does not                form                part of a closed circle (*besloten                kring*)                with the Company; or |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| II.   | the                Company has demonstrated that it is in good faith unable to determine                with                certainty whether the proposed New Lender is a Professional Market                Party                or forms part of a closed circle (*besloten                kring*)                with the Company; |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (D)   | the                New Lender must comply with the obligations set out in paragraph                (ii)                below; |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------|
| (E)   | the                Company must make the representation set out in paragraph (iii)                below;                and |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------|
| (F)   | no                assignment or transfer will be effective unless both the New Lender                and                the Company have complied with the requirements of this                Subclause. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | On                the date the assignment or transfer becomes effective the New Lender                must                make the representation on the terms set out in paragraph 3 of the                Transfer Certificate. |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iii)   | On                the date that a New Lender becomes party to this Agreement as a Lender                the                Company represents that on that date it has verified the status of                that                New Lender either as: |
|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (A)   | a                Professional Market Party under the Dutch Exemption                Regulation;  |
|-----------------|-------------------------------------------------------------------------------------------------------|
| (B)   | exempted                from the requirement to be a Professional Market Party because it                forms                part of a closed circle (*besloten                kring*)                with the Company; or |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (C)   | The                Company will be deemed to have complied with its verification obligation                set out under (A)                above,                if it could reasonably assume that the New Lender concerned is a                Professional Market Party on the basis                of: |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| I.   | information                from public registers; |
|----------------|---------------------------------------------------|
| II.   | information                from a recognised rating institution within the meaning of the Dutch                capital adequacy rules for credit institutions as set out in the                Credit                System Supervision Manual (*Handboek                Wtk*)                part 9001-02; |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| III.   | information                received from such New Lender; or |
|------------------|--------------------------------------------------------------|
| IV.   | an                express confirmation from such New                Lender. |
|-----------------|-----------------------------------------------------------------------------|
| (g)   | An                assignment of rights will only be effective if the New Lender confirms                to                the Facility Agent, the Company, and the Guarantor in form and substance                satisfactory to the Facility Agent that it is bound by obligations                to the                other Finance Parties under this Agreement equivalent to those it                would                have been under if it were an Original                Lender. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (h)   | A                transfer of obligations will be effective only if                either: |
|-----------------|-------------------------------------------------------------------------------------------|
| (i)   | rights                are assigned and obligations released and equivalent obligations                assumed                in accordance with the following provisions of this Clause;                or |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | the                obligations are novated in accordance with the following provisions                of                this Clause. |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | Unless                the Facility Agent otherwise agrees, the New Lender must pay to the                Facility Agent for its own account, on or before the date any assignment                or transfer occurs, a fee of US$3,500. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (j)   | Any                reference in this Agreement to a Lender includes a New Lender but                excludes                a Lender if no amount is or may be owed to or by it under this                Agreement. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **26.3  ** | **Transfer                Certificates** |
|----------------------|------------------------------------------|
| (a)   | In                this Subclause: |
|-----------------|-----------------------------------|

**Transfer        Date**

| (i)   | the                proposed Transfer Date specified in that Transfer                Certificate; |
|-----------------|--------------------------------------------------------------------------------------------------|
| (ii)   | the                date on which the Facility Agent executes that Transfer Certificate;                and |
|------------------|------------------------------------------------------------------------------------------------------------|
| (b)   | An                assignment or novation is effected if: |
|-----------------|----------------------------------------------------------|
| (i)   | the                Existing Lender and the New Lender deliver to the Facility Agent                a duly                completed Transfer Certificate; and |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | the                Facility Agent executes it. |
|------------------|------------------------------------------------|
| (c)   | Each                Finance Party (other than the Existing Lender and the New Lender)                irrevocably authorises the Facility Agent to execute any duly completed                Transfer Certificate on its behalf. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | For                a transfer by assignment on the Transfer                Date: |
|-----------------|----------------------------------------------------------------------------------|
| (i)   | the                Existing Lender will assign absolutely to the New Lender the Existing                Lender's rights expressed to be the subject of the assignment in                the                Transfer Certificate; |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | the                Existing Lender will be released from the obligations expressed to                be the                subject of the release in the Transfer Certificate;                and |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iii)   | the                New Lender will become a Lender under this Agreement and will be                bound by                obligations equivalent to those from which the Existing Lender is                released                under sub-paragraph (ii)                above. |
|-------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (e)   | For                a transfer by novation on the Transfer                Date: |
|-----------------|--------------------------------------------------------------------------------|
| (i)   | the                New Lender will assume the rights and obligations of the Existing                Lender                expressed to be the subject of the novation in the Transfer Certificate                in                substitution for the Existing Lender; |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | the                Existing Lender will be released from those obligations and cease                to have                those rights; and |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------|
| (iii)   | the                New Lender will become a Lender under this Agreement and be bound                by the                terms of this Agreement as a Lender. |
|-------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (f)   | The                Facility Agent must, as soon as reasonably practicable after it has                executed a Transfer Certificate, send a copy of that Transfer Certificate                to the Company and the Guarantor. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **26.4  ** | **Limitation                of responsibility of Existing                Lender** |
|----------------------|-----------------------------------------------------------------------------------|
| (a)   | Unless                expressly agreed to the contrary, an Existing Lender makes no                representation or warranty and assumes no responsibility to a New                Lender                for: |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | the                financial condition of an Obligor; or |
|-----------------|----------------------------------------------------------|
| (ii)   | the                legality, validity, effectiveness, enforceability, adequacy, accuracy,                completeness or performance of: |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------|
| (A)   | any                Finance Document or any other document; |
|-----------------|------------------------------------------------------------|
| (B)   | any                statement or information (whether written or oral) made in or supplied                in                connection with any Finance Document, or |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (C)   | any                observance by any Obligor of its obligations under any Finance Document                or                any other documents, |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | Each                New Lender confirms to the Existing Lender and the other Finance                Parties                that it: |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | has                made, and will continue to make, its own independent appraisal of                all                risks arising under or in connection with the Finance Documents (including                the financial condition and affairs of each Obligor and its related                entities and the nature and extent of any recourse against any Party                or                its assets) in connection with its participation in this Agreement;                and |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | has                not relied exclusively on any information supplied to it by the Existing                Lender in connection with any Finance                Document. |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | Nothing                in any Finance Document requires an Existing Lender                to: |
|-----------------|-----------------------------------------------------------------------------------------------|
| (i)   | accept                a re-transfer from a New Lender of any of the rights and obligations                assigned or transferred under this Clause;                or |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | support                any losses incurred by the New Lender by reason of the non-performance                by                either Obligor of its obligations under any Finance Document or                otherwise. |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **26.5  ** | **Participations** |
|----------------------|--------------------|
| **26.6  ** | **Costs                resulting from change of Lender or Facility                Office** |
|----------------------|--------------------------------------------------------------------------------------------|
| (a)   | a                Lender assigns or transfers any of its rights and obligations under                the                Finance Documents or changes its Facility Office;                and |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | as                a result of circumstances existing at the date the assignment, transfer                or                change occurs, an Obligor would be obliged to pay a Tax Payment or                an                Increased Cost, |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **26.7  ** | **Changes                to the Reference Banks** |
|----------------------|---------------------------------------------------|
| **27.  ** | **DISCLOSURE                OF INFORMATION** |
|---------------------|----------------------------------------------|
| (a)   | Each                Finance Party must keep confidential any information supplied to                it by or                on behalf of any Obligor in connection with the Finance Documents.                However, subject to the terms of any confidentiality agreement then                binding between an Obligor and the Finance Party, a Finance Party                is                entitled to disclose information: |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | which                is publicly available, other than as a result of a breach by that                Finance                Party of this Clause; |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | in                connection with any legal or arbitration proceedings provided that                to the                extent practicable under the circumstances and lawful, that Finance                Party                shall provide the Obligors with prompt notice of the requested disclosure                so that any Obligor may seek an order protecting against or limiting                such                disclosure; |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iii)   | if                required to do so under any law or                regulation; |
|-------------------|---------------------------------------------------------------------------------|
| (iv)   | to                a governmental, banking, taxation or other regulatory                authority; |
|------------------|---------------------------------------------------------------------------------------------------|
| (v)   | to                its professional advisers; |
|-----------------|----------------------------------------------|
| (vi)   | to                any rating agency; |
|------------------|--------------------------------------|
| (vii)   | to                the extent allowed under paragraph (b)                below; |
|-------------------|-------------------------------------------------------------------------------------|
| (viii)   | to                another Obligor; or |
|--------------------|---------------------------------------|
| (ix)   | with                the agreement of the relevant Obligor. |
|------------------|------------------------------------------------------------|
| (b)   | A                Finance Party may disclose to an Affiliate or any person with whom                it may                enter, or has entered into, any kind of transfer, participation or                other                agreement in relation to this Agreement (a **participant**): |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | a                copy of any Finance Document; and |
|-----------------|----------------------------------------------------|
| (ii)   | any                information which that Finance Party has acquired under or in connection                with any Finance Document. |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------|
| **28.  ** | **SET-OFF** |
|---------------------|-------------|
| **29.  ** | **PRO                RATA SHARING** |
|---------------------|-------------------------------------|
| **29.1  ** | **Redistribution** |
|----------------------|--------------------|

**recovering        Finance Party**
**recovery**

| (a)   | the                recovering Finance Party must, within three Business Days, supply                details                of the recovery to the Facility Agent; |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | the                Facility Agent must calculate whether the recovery is in excess of                the                amount which the recovering Finance Party would have received if                the                recovery had been received and distributed by the Facility Agent                under                this Agreement; and |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | the                recovering Finance Party must pay to the Facility Agent an amount                equal to                the excess (the **redistribution**). |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **29.2  ** | **Effect                of redistribution** |
|----------------------|---------------------------------------------|
| (a)   | The                Facility Agent must treat a redistribution as if it were a payment                by the                relevant Obligor under this Agreement and distribute it among the                Finance                Parties, other than the recovering Finance Party,                accordingly. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | When                the Facility Agent makes a distribution under paragraph (a)                above,                the recovering Finance Party will be subrogated to the rights of                the                Finance Parties which have shared in that                redistribution. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | If                and to the extent that the recovering Finance Party is not able to                rely on                any rights of subrogation under paragraph (b)                above,                the relevant Obligor will owe the recovering Finance Party a debt                which is                equal to the redistribution, immediately payable and of the type                originally discharged. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | If: |
|-----------------|-----|
| (i)   | a                recovering Finance Party must subsequently return a recovery, or                an amount                measured by reference to a recovery, to an Obligor;                and |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | the                recovering Finance Party has paid a redistribution in relation to                that                recovery, |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------|
| **29.3  ** | **Exceptions** |
|----------------------|----------------|
| (a)   | it                would not, after the payment, have a valid claim against the relevant                Obligor in the amount of the redistribution;                or |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | it                would be sharing with another Finance Party any amount which the                recovering Finance Party has received or recovered as a result of                legal or                arbitration proceedings, where: |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | the                recovering Finance Party notified the Facility Agent of those proceedings;                and |
|-----------------|------------------------------------------------------------------------------------------------------------------|
| (ii)   | the                other Finance Party had an opportunity to participate in those proceedings                but did not do so or did not take separate legal or arbitration                proceedings as soon as reasonably practicable after receiving notice                of                them. |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **30.  ** | **SEVERABILITY** |
|---------------------|------------------|
| (a)   | the                legality, validity or enforceability in that jurisdiction of any                other                term of the Finance Documents; or |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | the                legality, validity or enforceability in other jurisdictions of that                or any                other term of the Finance Documents. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **31.  ** | **COUNTERPARTS** |
|---------------------|------------------|
| **32.  ** | **NOTICES** |
|---------------------|-------------|
| **32.1  ** | **In                writing** |
|----------------------|-------------------------------|
| (a)   | Any                communication to be made under or in connection with a Finance Document                must be in writing and, unless otherwise stated, may be                given: |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | in                person, by post, fax; or |
|-----------------|--------------------------------------------|
| (ii)   | to                the extent agreed by the Parties making and receiving communication,                by                e-mail or other electronic communication. |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | For                the purpose of the Finance Documents, an electronic communication                will be                treated as being in writing. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | Unless                it is agreed to the contrary, any consent or agreement required under                a                Finance Document must be given in                writing. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **32.2  ** | **Contact                details** |
|----------------------|------------------------------------|
| (a)   | Except                as provided below, the contact details of each Party for all                communications in connection with the Finance Documents are those                notified                by that Party for this purpose to the Facility Agent on or before                the date                it becomes a Party. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | The                contact details of the Company for this purpose                are: |
|-----------------|----------------------------------------------------------------------------------------|
| (c)   | The                contact details of the Guarantor for this purpose                are: |
|-----------------|------------------------------------------------------------------------------------------|
| (d)   | The                contact details of the Facility Agent for this purpose                are: |
|-----------------|-----------------------------------------------------------------------------------------------|
| (e)   | Any                Party may change its contact details by giving five Business Days'                notice                to the Facility Agent or (in the case of the Facility Agent) to the                other                Parties. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (f)   | Where                a Party nominates a particular department or officer to receive a                communication, a communication will not be effective if it fails                to                specify that department or officer. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **32.3  ** | **Effectiveness** |
|----------------------|-------------------|
| (a)   | Except                as provided below, any communication in connection with a Finance                Document                will be deemed to be given as follows: |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | if                delivered in person, at the time of                delivery; |
|-----------------|--------------------------------------------------------------------------------|
| (ii)   | if                posted, when received; |
|------------------|------------------------------------------|
| (iii)   | if                by fax, when received in legible form;                and |
|-------------------|-----------------------------------------------------------------------------|
| (iv)   | if                by e-mail or any other electronic communication, when received in                legible                form. |
|------------------|---------------------------------------------------------------------------------------------------------------------------------|
| (b)   | A                communication given under paragraph (a)                above                but received on a non-working day or after business hours in the                place of                receipt will only be deemed to be given on the next working day in                that                place. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | A                communication to the Facility Agent will only be effective on actual                receipt by it. |
|-----------------|---------------------------------------------------------------------------------------------------------------------|
| **32.4  ** | **Obligors** |
|----------------------|--------------|
| (a)   | All                communications under the Finance Documents to or from an Obligor                must be                sent through the Facility Agent. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **32.5  ** | **Use                of websites** |
|----------------------|------------------------------------|
| (a)   | Except                as provided below, the Company may deliver any information under                this                Agreement to those Lenders (the **Website                Lenders**)                who accept this method of communication by posting it on to an electronic                website if: |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | the                Facility Agent and the Lender expressly agree (after consultation                with                each of the Lenders); |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | the                Company and the Facility Agent designate an electronic website for                this                purpose (the **Designated                Website**); |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iii)   | both                the Company and the Facility Agent are aware of the address of and                relevant password specifications for the Designated Website;                and |
|-------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iv)   | the                information posted is in a format previously agreed between the Company                and the Facility Agent. |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------|
| (b)   | If                any Lender (a **Paper                Form Lender**)                does not agree to the delivery of information electronically then                the                Facility Agent must notify the Company accordingly and the Company                must                supply the information to the Facility Agent (in sufficient copies                for                each Paper Form Lender) in paper form. In any event the Company must                supply the Facility Agent with at least one copy in paper form of                any                information required to be provided by                it. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | The                Company must, promptly upon becoming aware of its occurrence, notify                the                Facility Agent if: |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | the                Designated Website cannot be accessed due to technical                failure; |
|-----------------|---------------------------------------------------------------------------------------------------|
| (ii)   | the                Company becomes aware that the Designated Website or any information                posted on to the Designated Website is or has been infected by any                electronic virus or similar software; |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iii)   | any                new information which is required to be provided and this Agreement                is                posted on to the Designated Website; |
|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iv)   | the                password specifications for the Designated Website change;                or |
|------------------|-------------------------------------------------------------------------------------------------|
| (v)   | any                existing information which has been provided under this Agreement                and                posted on to the Designated Website is                amended. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | Notwithstanding                paragraphs (a),                (b)                and (c)                above,                the Company may deliver any information under this Agreement to a                Lender                and/or the Facility Agent by posting it on the SEC's website at                www.sec.gov, and such posting shall be deemed to satisfy any requirement                to deliver such information. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **33.  ** | **LANGUAGE** |
|---------------------|--------------|
| (a)   | Any                notice given in connection with a Finance Document must be in                English. |
|-----------------|----------------------------------------------------------------------------------------------------------|
| (b)   | Any                other document provided in connection with a Finance Document must                be: |
|-----------------|----------------------------------------------------------------------------------------------------------|
| (i)   | in                English; or |
|-----------------|-------------------------------|
| (ii)   | (unless                the Facility Agent otherwise agrees) accompanied by a certified English                translation. In this case, the English translation prevails unless                the                document is a statutory or other official                document. |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **34.  ** | **GOVERNING                LAW** |
|---------------------|----------------------------------|
| **35.  ** | **ENFORCEMENT** |
|---------------------|-----------------|
| **35.1  ** | **Jurisdiction** |
|----------------------|------------------|
| (a)   | The                English courts have exclusive jurisdiction to settle any dispute                in                connection with any Finance Document. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | The                English courts are the most appropriate and convenient courts to                settle                any such dispute in connection with any Finance Document. Each Party                agrees not to argue to the contrary and waives objection to those                courts                on the grounds of inconvenient forum or otherwise in relation to                proceedings in connection with any Finance                Document. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | This                Clause is for the benefit of the Finance Parties only. To the extent                allowed by law, a Finance Party may take: |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | proceedings                in any other court; and |
|-----------------|----------------------------------------------------|
| (ii)   | concurrent                proceedings in any number of                jurisdictions. |
|------------------|--------------------------------------------------------------------------------------|
| (d)   | References                in this Clause to a dispute in connection with a Finance Document                includes                any dispute as to the existence, validity or termination of that                Finance                Document. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **35.2  ** | **Service                of process** |
|----------------------|---------------------------------------|
| (a)   | Each                Obligor not incorporated in England and Wales irrevocably appoints                Bausch                & Lomb Incorporated of 106 - 114 London Road, Kingston-upon-Thames,                Surrey KT2 6QJ as its agent under the Finance Documents for service                of                process in any proceedings before the English courts in connection                with                any Finance Document. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | If                any person appointed as process agent under this Clause is unable                for any                reason to so act, the Company (on behalf of the Obligors) must immediately                (and in any event within five days of the event taking place) appoint                another agent on terms acceptable to the Facility Agent. Failing                this, the                Facility Agent may appoint another process agent for this                purpose. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | Each                Obligor agrees that failure by a process agent to notify it of any                process                will not invalidate the relevant                proceedings. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | This                Clause does not affect any other method of service allowed by                law. |
|-----------------|-------------------------------------------------------------------------------------------------------|
| **35.3  ** | **Waiver                of immunity** |
|----------------------|---------------------------------------|
| (a)   | agrees                not to claim any immunity from proceedings brought by a Finance Party                against it in relation to a Finance Document and to ensure that no                such                claim is made on its behalf; |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | consents                generally to the giving of any relief or the issue of any process                in                connection with those proceedings; and |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | waives                all rights of immunity in respect of it or its                assets. |
|-----------------|---------------------------------------------------------------------------------------------|
| **35.4  ** | **Waiver                of trial by jury** |
|----------------------|--------------------------------------------|
| **35.5  ** | **Patriot                Act** |
|----------------------|--------------------------------|

**THIS        AGREEMENT **

----

**SCHEDULE        1**

**ORIGINAL        PARTIES**

**PART        1**

**ORIGINAL        **
**LENDERS        AND COMMITMENTS**

|  **Original                  Lender**                                                                                                                                                                                                                                                                                                                                                                                                                  |  **Commitment                  (US$)**                                                                                                                              |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  CITIBANK                  INTERNATIONAL PLC JPMORGAN                  CHASE BANK, N.A. KEYBANK                  NATIONAL ASSOCIATION   BANK                  OF TOKYO-MITSUBISHI TRUST COMPANY MIZUHO                  CORPORATE BANK, LTD. SOCIÉTÉ                  GÉNÉRALE   BARCLAYS                  BANK PLC USBANK THE                  NORTHERN TRUST COMPANY |  85,000,000 60,000,000 60,000,000   40,000,000 40,000,000 40,000,000   20,000,000 20,000,000 10,000,000 |
|  **Total                  Commitments**                                                                                                                                                                                                                                                                                                                                                                                                                |    ___________   US$375,000,000                        ___________                                           |

----

**PART        2**

**MANDATED        LEAD ARRANGERS**

----

**SCHEDULE        2**

**CONDITIONS        PRECEDENT DOCUMENTS**

**Obligors**

| 1.   | A                copy of the constitutional documents of each                Obligor. |
|----------------|---------------------------------------------------------------------------------------|
| 2.   | A                copy of (or a certified copy of an extract of) a resolution of the                board                of directors of each Obligor approving the terms of, and the transactions                contemplated by, this Agreement. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3.   | A                specimen of the signature of each person authorised on behalf of                an                Obligor to enter into or witness the entry into of any Finance Document                or                to sign or send any document or notice in connection with any Finance                Document. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.   | A                certificate of each Obligor (signed by a director in the case of                the                Company and the company secretary in the case of the Guarantor) confirming                that borrowing or guaranteeing, as appropriate, the Total Commitments                would not cause any borrowing, guarantee or similar limit binding                on any                Obligor to be exceeded. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5.   | A                certificate of an authorised signatory of each Obligor certifying                that                each copy document specified in this Schedule that relates to it                is                correct, complete and in full force and effect as at a date no earlier                than the date of this Agreement. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 6.   | Evidence                that the agent of the Obligors under the Finance Documents for service                of                process in England and Wales has accepted its                appointment. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 7.   | A                copy of a resolution of the managing board/supervisory board/shareholders                in general meeting of the Company approving the terms of, and the                transactions contemplated by, this                Agreement. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 8.   | An                unconditional positive works council advice (*advies*)                in respect of the transactions contemplated by this                Agreement. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 9.   | An                extract of the registration of the Company in the trade register                of the                chamber of commerce. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------|

**Legal        opinions**

| 10.   | A                legal opinion of A. Robert D. Bailey, Vice President, Assistant General                Counsel and Assistant Secretary to the Guarantor, addressed to the                Finance                Parties. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 11.   | A                legal opinion of Allen & Overy LLP, legal advisers in the Netherlands                to the Mandated Lead Arrangers                and the Facility Agent, addressed to the Finance                Parties. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 12.   | A                legal opinion of Allen & Overy LLP, legal advisers in England to the                Mandated Lead Arrangers                and the Facility Agent, addressed to the Finance                Parties. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Other        documents and evidence**

| 13.   | Evidence                that all fees and expenses then due and payable from the Company                under                this Agreement have been or will be paid by the first Utilisation                Date. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**SCHEDULE        3**

**FORM        OF REQUEST**

**BAUSCH        & LOMB B.V. **
**-        **
**US$375,000,000**
**        Credit Agreement**

**dated        29**
**        November, 2005**
** **
**        Agreement**

| 1.   | We                refer to the Agreement. This is a                Request. |
|----------------|-----------------------------------------------------------------------------|
| 2.   | We                wish to borrow a Loan on the following                terms: |
|----------------|--------------------------------------------------------------------------------|
| (a)   | Utilisation                Date:                [                               ] |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | Amount:                [US$                                         ] |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | Interest                Period: 6 months. |
|-----------------|-------------------------------------------|
| 3.   | Our                payment instructions are:                [                                    ]. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.   | We                confirm that each condition precedent under the Agreement which must                be                satisfied on the date of this Request is so                satisfied. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5.   | This                Request is irrevocable. |
|----------------|---------------------------------------------|

----

**SCHEDULE        4**

**CALCULATION        OF THE MANDATORY COST**
| **1.  ** | **General** |
|--------------------|-------------|
| (a)   | The                Mandatory Cost is to compensate a Lender for the cost of compliance                with: |
|-----------------|-------------------------------------------------------------------------------------------------------------|
| (i)   | the                requirements of the Bank of England and/or the Financial Services                Authority (or, in either case, any other authority which replaces                any of                its functions); or |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii)   | the                requirements of the European Central                Bank. |
|------------------|------------------------------------------------------------------------------|
| (b)   | The                Mandatory Cost is expressed as a percentage rate per                annum. |
|-----------------|-----------------------------------------------------------------------------------------------|
| (c)   | The                Mandatory Cost is the weighted average (weighted in proportion to                the                percentage share of each Lender in the relevant Loan) of the rates                for the                Lenders calculated by the Facility Agent in accordance with this                Schedule                on the first day of an                Interest Period                (or as soon as possible after then). |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | The                Facility Agent must distribute each amount of Mandatory Cost among                the                Lenders on the basis of the rate for each                Lender. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (e)   | Any                determination by the Facility Agent pursuant to this Schedule will                be, in                the absence of manifest error, conclusive and binding on all the                Parties. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **2.  ** | **For                a Lender lending from a Facility Office in the                U.K.** |
|--------------------|-------------------------------------------------------------------------------------------|
| (a)   | The                relevant rate for a Lender lending from a Facility Office in the                U.K. is                calculated in accordance with the following                formula: |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | For                the purposes of this paragraph 2: |
|-----------------|------------------------------------------------------|
| **(i)  ** | **fees                rules**                means the then current rules on periodic fees in the Supervision                Manual of                the FSA Handbook or any other law or regulation as may then be in                force                for the payment of fees for the acceptance of                deposits; |
|---------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **(ii)  ** | **fee                tariffs**                means the fee tariffs specified in the fees rules under fee-block                Category                A1 (Deposit acceptors) (ignoring any minimum fee or zero rated fee                required pursuant to the fees rules but applying any applicable discount                rate); and |
|----------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **(iii)  ** | **tariff                base**                has the meaning given to it in, and will be calculated in accordance                with,                the fees rules. |
|-----------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | Each                rate calculated in accordance with the formula is, if necessary,                rounded                upward to four decimal places. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d)   | If                requested by the Facility Agent, each Reference Bank must, as soon                as                practicable after publication by the Financial Services Authority,                supply                to the Facility Agent the rate of charge payable by that Reference                Bank to                the Financial Services Authority under the fees rules for that financial                year of the Financial Services Authority (calculated by that Reference                Bank as being the average of the fee tariffs applicable to that Reference                Bank for that financial year) and expressed in pounds per £1 million of                the tariff base of that Reference Bank. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (e)   | Each                Lender must supply to the Facility Agent the information required                by it to                make a calculation of the rate for that Lender. In particular, each                Lender                must supply the following information on or prior to the date on                which it                becomes a Lender: |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | the                jurisdiction of its Facility Office; and |
|-----------------|-------------------------------------------------------------|
| (ii)   | any                other information that the Facility Agent reasonably requires for                that                purpose.  |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------|
| (f)   | The                rates of charge of each Reference Bank for the purpose of E above                are                determined by the Facility Agent based upon the information supplied                to it                under paragraphs (d)                and (e)                above.                Unless a Lender notifies the Facility Agent to the contrary, the                Facility                Agent may assume that the Lender's obligations in respect of cash                ratio                deposits and special deposits are the same as those of a typical                bank from                its jurisdiction of incorporation with a Facility Office in the                U.K. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (g)   | The                Facility Agent has no liability to any Party if its calculation over                or                under compensates any Lender. The Facility Agent is entitled to assume                that the information provided by any Lender or Reference Bank under                this                Schedule is true and correct in all                respects. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **3.  ** | **For                a Lender lending from a Facility Office in a Participating Member                State** |
|--------------------|---------------------------------------------------------------------------------------------------------------|
| (a)   | The                relevant rate for a Lender lending from a Facility Office in a                Participating Member State is the percentage rate per annum notified                by                that Lender to the Facility Agent. This percentage rate per annum                must be                certified by that Lender in its notice to the Facility Agent as its                reasonable determination of the cost (expressed as a percentage of                that                Lender's share in all Loans made from that Facility Office) of complying                with the minimum reserve requirements of the European Central Bank                in                respect of Loans made from that Facility                Office. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | If                a Lender fails to specify a rate under paragraph (a)                above,                the Facility Agent will assume that the Lender has not incurred any                such                cost. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **4.  ** | **Changes** |
|--------------------|-------------|
| (a)   | The                Facility Agent may, after consultation with the Company and the Lenders,                determine and notify all the Parties of any amendment to this Schedule                which is required to reflect: |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (i)   | any                change in law or regulation; or |
|-----------------|----------------------------------------------------|
| (ii)   | any                requirement imposed by the Bank of England, the Financial Services                Authority or the European Central Bank (or, in any case, any successor                authority). |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | If                the Facility Agent, after consultation with the Company, determines                that                the Mandatory Cost for a Lender lending from a Facility Office in                the U.K.                can be calculated by reference to a screen, the Facility Agent may                notify                all the Parties of any amendment to this Agreement which is required                to                reflect this. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**SCHEDULE        5**

**FORMS        OF TRANSFER CERTIFICATE**

**PART        1**

**FORM        FOR TRANSFERS BY ASSIGNMENT**

|  | From:[THE                EXISTING LENDER] (the **Existing                Lender**)                and [THE NEW LENDER] (the **New                Lender**) |
|--|------------------------------------------------------------------------------------------------------------------------------------------------------------|

**BAUSCH        & LOMB B.V. - US$375,000,000 Credit Agreement**

**dated        29 November, 2005 **
**        Agreement**

| 1.   | In                accordance with the terms of the                Agreement: |
|----------------|------------------------------------------------------------------------------|
| (a)   | the                Existing Lender assigns absolutely to the New Lender all the rights                of the                Existing Lender under the Agreement specified in the                Schedule; |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (b)   | the                Existing Lender is released from all its obligations under the Agreement                which correspond to the Existing Lender's rights specified in the                Schedule; and |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (c)   | the                New Lender becomes a Lender under the Agreement and is bound by                obligations equivalent to those from which the Existing Lender is                released                under paragraph (b)                above. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2.   | The                proposed Transfer Date is                [        ]. |
|----------------|-----------------------------------------------------------------------------------------------------------------|
| 3.   | [On                the Transfer Date, the New Lender represents to the Existing Lender,                the                other Finance Parties, Bausch & Lomb Incorporated and Bausch &                Lomb B.V. that it is [a Professional Market Party under the Dutch                Exemption Regulation] [exempted from the requirement to be a Professional                Market Party because it forms part of a closed circle (*besloten                kring*)                with Bausch & Lomb B.V.].] |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.   | The                administrative details of the New Lender for the purposes of the                Agreement                are set out in the Schedule. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5.   | [The                New Lender is a Qualifying Lender.]1 |
|----------------|----------------------------------------------------------|
| 6.   | This                Transfer Certificate is governed by English law. 1    Include                if applicable. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------|

----

**THE        SCHEDULE**

**Rights        and obligations to be transferred by assignment**

**Administrative        details of the New Lender**

**EXISTING        LENDER**
**NEW        LENDER**

|   | **Note:****It                is the responsibility of each individual New Lender to ascertain                whether                any other document or formality is required to perfect the transfer                contemplated by this Transfer                Certificate.** |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**PART        2**

**FORM        FOR TRANSFERS BY NOVATION**

|   | From:[THE                EXISTING LENDER] (the Existing Lender) and [THE NEW LENDER] (the                New                Lender) |
|--------|-------------------------------------------------------------------------------------------------------------------------------------|

**BAUSCH        & LOMB B.V.**
**        - **
**US$375,000,000**
**        Credit Agreement**

**dated        29**
**        November, 2005**
** **
**        Agreement**

| 1.   | The                Existing Lender transfers by novation to the New Lender the Existing                Lender's rights and obligations referred to in the Schedule below                in                accordance with the terms of the                Agreement. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2.   | The                proposed Transfer Date is                [     ]. |
|----------------|-----------------------------------------------------------------------------------------------|
| 3.   | [On                the Transfer Date, the New Lender represents to the Existing Lender,                the                other Finance Parties, Bausch & Lomb Incorporated and Bausch &                Lomb B.V. that it is [a Professional Market Party under the Dutch                Exemption Regulation] [exempted from the requirement to be a Professional                Market Party because it forms part of a closed circle (*besloten                kring*)                with Bausch & Lomb B.V.].] |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.   | The                administrative details of the New Lender for the purposes of the                Agreement                are set out in the Schedule. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5.   | [The                New Lender is a Qualifying Lender.]2 |
|----------------|----------------------------------------------------------|
| 6.   | The                New Lender expressly acknowledges the limitations on the Existing                Lender's                obligations in respect of this Transfer Certificate contained in                the                Agreement. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 7.   | This                Transfer Certificate may be executed in any number of counterparts                and                this has the same effect as if the signatures on the counterpart                were on a                single copy of the Transfer Certificate. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 8.   | This                Transfer Certificate is governed by English law. 2    Include                if applicable.  |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------|

----

**THE        SCHEDULE**

**Rights        and obligations to be transferred by novation**

**Administrative        details of the New Lender**

**EXISTING        LENDER**
**NEW        LENDER**

|   | **Note:****It                is the responsibility of each individual New Lender to ascertain                whether                any other document or formality is required to perfect the transfer                contemplated by this Transfer                Certificate.** |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**SCHEDULE        6**

**MATERIAL        SUBSIDIARIES**

**Material        Subsidiaries of Bausch & Lomb Incorporated**

**stated        in US$000s as of 25 December, 2004**

|    **Material                    Subsidiary**   |    **Consolidated                    Subsidiary assets (excluding inter-company                    assets)** |    **Per                    cent. of total Consolidated assets** |    **Net                    Subsidiary sales (excluding inter-company sales)** |    **Per                    cent. of total Consolidated sales** |
|----------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------|
|    BLJ                    Company Ltd           |    US$141,761                                                                                                |    4.7%                                                          |    US$226,554                                                                  |    10.1%                                                        |
|    B&L                    France            |    US$378,993                                                                                                |    12.5%                                                         |    US$182,242                                                                  |    8.2%                                                         |
|    Dr.                    Mann                  |    US$164,538                                                                                                |    5.4%                                                          |    US$113,518                                                                  |    5.1%                                                         |
|    B&L                    UK                |    US$81,912                                                                                                 |    2.7%                                                          |    US$121,853                                                                  |    5.5%                                                         |
|    Bausch                    & Lomb B.V.    |    US$183,232                                                                                                |    6.1%                                                          |    US$99,581                                                                   |    4.5%                                                         |
|    Bausch                    & Lomb Ireland |    US$230,450                                                                                                |    7.6%                                                          |    US$0                                                                        |    0%                                                           |

----

**SCHEDULE        7**

**FORM        OF STANDING PAYMENT INSTRUCTIONS**

----

**SIGNATORIES**

**Company**

**BAUSCH        & LOMB B.V.**

**Guarantor**

**BAUSCH        & LOMB INCORPORATED**

**Mandated        Lead Arranger**
**s**

**CITIGROUP        GLOBAL MARKETS LIMITED**

**J.        P. MORGAN PLC**

**KEYBANC        CAPITAL MARKETS**

**Original        Lenders**

**BANK        OF TOKYO-MITSUBISHI TRUST COMPANY**

**BARCLAYS        BANK PLC**

**CITIBANK        INTERNATIONAL PLC**

**JPMORGAN        CHASE BANK, N.A.**

**KEYBANK        NATIONAL ASSOCIATION**

**MIZUHO        CORPORATE BANK, LTD.**

**SOCIÉTÉ        GÉNÉRALE**

**THE        NORTHERN TRUST COMPANY**

**USBANK**

**Facility        Agent**

**CITIBANK        INTERNATIONAL PLC**