Document:

Agreement with Sankaran

 Exhibit 10.41 
 EXECUTIVE AGREEMENT 
 THIS AGREEMENT between FIFTH THIRD
BANCORP, an Ohio Corporation, and its Subsidiaries (individually and collectively, the “Company”) and     (the “Executive”), effective as of February 19, 2007. 
 RECITALS: 
 WHEREAS, the Board of Directors of the Company (the “Board”) recognizes that the possibility of a Change in Control (as hereinafter defined in Section 2(c)) exists and that the threat of or the occurrence of a Change
in Control can result in significant distractions of its key management personnel because of the uncertainties inherent in such a situation; and 
 WHEREAS, the Board has determined that it is essential and in the best interest of the Company and its shareholders to retain the services of the Executive in the event of a threat or occurrence of a Change in Control and to ensure
such Executive’s continued dedication and efforts in such event without undue concern for personal financial and employment security; and 
 WHEREAS, in order to induce the Executive to remain in the employ of the Company, particularly in the event of a threat of or the occurrence of a Change in Control, the Company desires to enter into this Agreement with the Executive.

 AGREEMENT:  
 1. Term of Agreement. This Agreement will begin on the date entered above and will continue in effect through December 31, 2007. On December 31, 2007, and on the anniversary date of each term thereafter (a
“Renewal Date”), the term of this Agreement will be extended automatically for an additional one-year period unless, not later than 30 days prior to such Renewal Date, the Company gives written notice to the Executive that it has
elected not to extend this Agreement. Notwithstanding the above, if a “Change in Control” (as defined herein) of the Company occurs during the term of this Agreement, the term of this Agreement will be extended for 24 months beyond
the end of the month in which any such Change in Control occurs. 
 2. Definitions. The following defined terms shall have the
meanings set forth below, for purposes of this Agreement: 
 (a) Base Annual Salary. “Base Annual Salary”
means the greater of (1) the highest annual rate of base salary in effect for the Executive during the 12 month period immediately prior to a Change in Control or, (2) the annual rate of base salary in effect at the time Notice of
Termination is given (or on the date employment is terminated if no Notice of Termination is required). 
 (b) Cause.
“Cause” means any of the following: 

 (1) The Executive shall have committed a felony or an intentional act of gross
misconduct, moral turpitude, fraud, embezzlement, or theft in connection with the Executive’s duties or in the course of the Executive’s employment with the Company or any Subsidiary, and the Board shall have determined that such act is
materially harmful to the Company; 
 (2) The Company or any Subsidiary shall have been ordered or directed by any
federal or state regulatory agency with jurisdiction to terminate or suspend the Executive’s employment and such order or directive has not been vacated or reversed upon appeal; or 
 (3) After being notified in writing by the Board to cease any particular Competitive Activity (as defined herein), the Executive
shall have continued such Competitive Activity and the Board shall have determined that such act is materially harmful to the Company. 
 For purposes of this Agreement, no act or failure to act on the part of the Executive shall be deemed “intentional” if it was due primarily to an error in judgment or negligence, but shall be deemed
“intentional” only if done or omitted to be done by the Executive not in good faith and without reasonable belief that the Executive’s action or omission was in the best interest of the Company. Notwithstanding the foregoing, the
Executive shall not be deemed to have been terminated for “Cause” under this Agreement unless and until there shall have been delivered to the Executive a copy of a resolution duly adopted by the affirmative vote of not less than
three-quarters of the Board at a meeting called and held for such purposes, after reasonable notice to the Executive and an opportunity for the Executive, together with the Executive’s counsel (if the Executive chooses to have counsel present
at such meeting), to be heard before the Board, finding that, in the good faith opinion of the Board, the Executive had committed an act constituting “Cause” as defined in this Agreement and specifying the particulars of the act
constituting “Cause” in detail. Nothing in this Agreement will limit the right of the Executive or the Executive’s beneficiaries to contest the validity or propriety of any such determination. 
 (c) “Change in Control” shall be deemed to have occurred if the conditions set forth in any one of the following
paragraphs shall have been satisfied: 
             (i) any
person (as such term is used in Sections 13 (d) and 14 (d) of the Securities Exchange Act of 1934, as amended from time to time) (other than a trustee or other fiduciary holding securities under an employee benefit plan of the Company or a
corporation owned directly or indirectly by the common shareholders of the Company in substantially the same proportions as their ownership of Stock of the Company), is or becomes the beneficial owner, directly or indirectly, of securities of the
Company representing 25% or more of the combined voting power of the Company’s then outstanding securities; or 
  

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             (ii) during any period of two (2) consecutive years (not including any period prior to the Effective Date), individuals who at the beginning of such period
constitute the Board and any new Director, whose election by the Board or nomination for election by the Company’s shareholders, was approved by a vote of at least two-thirds ( 2/3) of the Directors then still in office who either were Directors at the beginning of the period or whose election or nomination for election was previously so approved, cease
for any reason to constitute a majority thereof; or 
             (iii) the consummation of (1) the sale or disposition of all or substantially all the Company’s assets; or (2) a merger or consolidation of the Company
with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into
voting securities of the surviving entity), at least 50% of the combined voting power of the voting securities of the Company (or such surviving entity) outstanding immediately after such merger or consolidation; or 
             (iv) the shareholders of the Company approve a plan of complete
liquidation of the Company. 
 However, in no event shall a Change in Control be deemed to have occurred, with respect to the Executive, if
the Executive is part of a purchasing group which consummates the Change in Control transaction. The Executive shall be deemed “part of a purchasing group...” for purposes of the preceding sentence if the Executive is an equity participant
or has agreed to become an equity participant in the purchasing company or group (except for (i) passive ownership of less than 5% of the voting securities of the purchasing company or (ii) ownership of equity participation in the
purchasing company or group which is otherwise not deemed to be significant, as determined prior to the Change in Control by a majority of the continuing members of the Board who are not also Employees). 
 (d) Change Year. “Change Year” means the fiscal year in which a Change in Control occurs. 
 (e) Competitive Activity. “Competitive Activity” means that Executive’s participation, without the written consent
of an officer of the Company, in the management of any business enterprise if such enterprise engages in substantial and direct competition with the Company and such enterprise’s revenues derived from any product or service competitive with any
product or service of the Company amounted to 10% or more of such enterprise’s revenues for its most recently completed fiscal year and if the Company’s revenues for such product or service amounted to 10% of the Company’s revenues
for its most recently completed fiscal year. “Competitive Activity” will not include (i) the mere ownership of securities in any such enterprise and the exercise of rights appurtenant thereto and (ii) participation in the
management of any such enterprise other than in connection with the competitive operations of such enterprise. 
  

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 (f) Disability; Disabled. “Disability” or “Disabled” means
that, as a result of the Executive’s incapacity due to physical or mental illness, the Executive shall be eligible for the receipt of benefits under the Company’s long term disability plan. 
 (g) Employee Benefits. “Employee Benefits” means the perquisites, benefits, and service credit for benefits as provided
under any and all employee retirement income and welfare benefit policies, plans, programs, or arrangements in which the Executive is entitled to participate, including without limitation any stock option, stock purchase, restricted stock, stock
appreciation, interim awards and accrued and unpaid bonuses under the Variable Compensation Plan, accrued and unpaid performance units under the Incentive Compensation Plan, other awards under Stock and Incentive Plans, savings, pension,
supplemental executive retirement, or other retirement income or welfare benefit, deferred compensation, incentive compensation, group or other life, health, medical/hospital, or other insurance (whether funded by actual insurance or self-insured by
the Company), disability, salary continuation, expense reimbursement, and other employee benefit policies, plans, programs, or arrangements that may now exist or any equivalent successor policies, plans, programs, or arrangements that may be adopted
hereafter, providing perquisites, benefits, and service credit for benefits at least as great in a monetary equivalent as are payable thereunder prior to a Change in Control. 
 (h) Employment Agreement. “Employment Agreement” means an executed employment agreement between the Company and the
Executive. 
 (i) Good Reason. “Good Reason” means the occurrence of any one or more of the following:

 (1) The assignment to the Executive after a Change in Control of the Company of duties which are materially different
from or inconsistent with the duties, responsibilities, and status of the Executive’s position at any time during the 12 month period prior to such Change in Control, or which result in a significant change in the Executive’s
authority and responsibility as a senior executive of the Company; 
 (2) A reduction by the Company in the
Executive’s Base Annual Salary as of the day immediately prior to a Change in Control of the Company, or the failure to grant salary increases and bonus payments on a basis comparable to those granted to other executives of the Company, or a
reduction of the Executive’s Annual Award and Long-Term Award potential which existed immediately prior to such Change in Control under the Company’s Variable Compensation Plan, Long-Term Incentive Plan, or any successor plans; 

(3) A demand by the Company that the Executive relocate to a location in excess of 35 miles from the location where the Executive
is currently based, or in the event of any such relocation with the Executive’s express written consent, the failure of the Company or a Subsidiary to pay 

  

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(or reimburse the Executive for) all reasonable moving expenses incurred by the Executive relating to a change of principal residence in connection with such
relocation and to indemnify the Executive against any loss in the sale of the Executive’s principal residence in connection with any such change of residence, all to the effect that the Executive shall incur no loss on an after tax basis;

 (4) The failure of the Company to obtain a satisfactory agreement from any successor to the Company to assume and
agree to perform this Agreement, as contemplated in Section 15 of this Agreement; 
 (5) The failure of the Company
to provide the Executive with substantially the same Employee Benefits that were provided to him immediately prior to the Change in Control, or with a package of Employee Benefits that, though one or more of such benefits may vary from those in
effect immediately prior to such Change in Control, is substantially comparable in all material respects to such Employee Benefits taken as a whole; or 
 (6) Any reduction in the Executive’s compensation or benefits or adverse change in the Executive’s location or duties, if such reduction or adverse change occurs at any time after the commencement of
any discussion with a third party relating to a possible Change in Control of the Company involving such third party, if such reduction or adverse change is in contemplation of such possible Change in Control and such Change in Control is actually
consummated within 12 months after the date of such reduction or adverse change. 
 The existence of Good Reason shall
not be affected by the Executive’s incapacity due to physical or mental illness. The Executive’s continued employment shall not constitute a waiver of the Executive’s rights with respect to any circumstance constituting Good Reason
under this Agreement. The Executive’s determination of Good Reason shall be conclusive and binding upon the parties to this Agreement provided such determination has been made in good faith. 
 (j) Incentive Compensation Plan. “Incentive Compensation Plan” means the Company’s Incentive Compensation Plan
approved and accepted by the Company’s Shareholders in 2004, as well as any successor plan. 
 (k) Long-Term Award.
“Long-Term Award” means the total amount paid or payable to the Executive pursuant to Performance Shares or similar awards made to Executives under the provisions of the Incentive Compensation Plan and any similar provisions under a
successor plan. 
 (l) Notice of Termination. “Notice of Termination” means a written notice indicating the
specific termination provision in this Agreement relied upon and setting 

  

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forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the employment under the provision so indicated.

 (m) Performance Goals. “Performance Goals” means the written objective performance goals and criteria
determined as applicable either pursuant to the Variable Compensation Plan or the Long-Term Awards. 
 (n) Performance
Periods. “Performance Periods” means the time period designated by the Company’s Compensation Committee for each Long-Term Award. 
 (o) Release. “Release” shall mean a general release that releases, waives, remises, and forever discharges the Company from any and all claims that the Executive has against the Company, including any
claims arising under state or federal statute, including all state and federal employment discrimination laws including, but not limited to, Ohio Revised Code Chapter 4112 and Title VII of the Civil Rights Act of 1964; the Age Discrimination in
Employment Act; the Employee Retirement Income Security Act; and any applicable state, local, or common laws of similar intent, without exception. For purposes of the Release, the “Company” includes the Company as it is defined in this
Agreement and as further defined to include all of the Company’s past, present, and future assigns, successors, affiliates, parent and subsidiary organizations, divisions and Company’s, officers, directors, shareholders, employees, and
agents of the same, as well as their heirs, executors, administrators, successors, assigns, and other personal representatives, individually and in their respective corporate and personal capacities. 
 (p) Retirement. “Retirement” means having reached normal retirement age. 
 (q) Severance Benefits. “Severance Benefits” means the benefits described in Section 4 of this Agreement, as
adjusted by the applicable provisions of Section 5 of this Agreement. 
 (r) Stock and Incentive Plans.
“Stock and Incentive Plans” means the Company’s 1990 Stock Option Plan, the 1998 Stock Option Plan, the Incentive Compensation Plan and any other Stock and Incentive Compensation Plan that the Company may adopt from time to time.

 (s) Subsidiary and Subsidiaries. “Subsidiary” means any Company, bank, or other entity, a majority of the
voting control of which is directly or indirectly owned or controlled at the time by the Company. “Subsidiaries” means more than one Subsidiary. 
 (t) Transition Pay Plan. “Transition Pay Plan” means any transition or severance pay plan of the Company in effect as of the Effective Date of this Agreement, as well as any successor or replacement
plan. 
 (u) Variable Compensation Plan. “Variable Compensation Plan” means the Variable Compensation Plan
of the Company, authorized under the Incentive 

  

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Compensation Plan and which provides for awards in the form of annual cash bonuses, and any successor plan. 
 3. Eligibility for Severance Benefits. The Company or its successor shall pay or provide to the Executive the Severance Benefits if the
Executive’s employment is terminated voluntarily or involuntarily during the term of this Agreement, either: 
 (a) by the Company (1) at any time within 24 months after a Change in Control of the Company, or (2) at any time prior to a Change in Control but after the commencement of any discussions with a third party relating to a
possible Change in Control of the Company involving such third party, if such termination is in contemplation of such possible Change in Control and such Change in Control is actually consummated within 12 months after the date of such termination,
in either case unless the termination is on account of the Executive’s death or Disability or for Cause, provided that, in the case of a termination on account of the Executive’s Disability or for Cause, the Company shall give Notice of
Termination to the Executive with respect thereto; or 
 (b) by the Executive for Good Reason (1) at any time
within 24 months after a Change in Control of the Company or (2) at any time after the commencement of any discussions with a third party relating to a possible Change in Control of the Company involving such third party, if such Change in
Control is actually consummated within 12 months after the date of such termination, and, in any such case, provided that the Executive shall give Notice of Termination to the Company with respect thereto. 
 For purposes of clarity, with respect to Section 3 above, an Executive who is collecting Disability benefits will not be eligible for benefits under
this Agreement. An Executive who is no longer Disabled will be eligible for benefits under this Agreement if, in the period extending from 12 months before the Change in Control to 24 months after the Change in Control, either of the
following occur: (1) the Executive attempts to return to his or her position, and no such position is available, or (2) the Executive returns to employment and is subsequently terminated pursuant to Section 3(a) or Section 3(b)
above. 
 4. Severance Benefits. The Executive, if eligible under Section 3, shall receive the following Severance Benefits,
adjusted by the applicable provisions of Section 5 (in addition to other Employee Benefits that the Executive was otherwise entitled to): 
 (a) Base Annual Salary. In addition to any accrued compensation payable as of the Executive’s termination of employment (either by reason of an Employment Agreement or otherwise), a lump sum cash amount
equal to the Executive’s Base Annual Salary, multiplied by 1.0. 
 (b) Variable Compensation. In addition to any
interim award that the Company owes to the Executive under the Variable Compensation Plan (or any similar provisions in a successor to the Variable Compensation Plan), the Executive shall be paid a lump sum cash amount equal to 1.0 times the target
annual award under the Variable 

  

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Compensation Plan for the Executive’s job for the calendar year during which the Change in Control occurs. In order to be entitled to a payment pursuant
to this Section 4(b), the Executive must have been a participant in the Company’s Variable Compensation Plan at some time during the calendar year in which the Change in Control occurred or the calendar year immediately preceding the
calendar year in which the Change in Control occurred. 
 (c) Long-Term Incentive Compensation. Long-Term Awards
granted to the Executive and outstanding at the time that a Change in Control occurs shall be treated in the manner set forth in the Company’s Incentive Compensation Plan. 
 (d) Insurance Benefits. For a 12 month period after the date the employment is terminated, the Company will arrange to provide to
the Executive and family members who are currently covered and remain eligible under the terms of the Medical Plan at the Company’s expense, with: 
 (1) Health Care. Health care coverage comparable to that in effect for the Executive immediately prior to the termination (or, if more favorable to the Executive, that furnished generally to salaried employees
of the Company), including, but not limited to, hospital, surgical, medical, dental and prescription. Upon the expiration of the health care benefits required to be provided pursuant to this subsection 4(d), the Executive shall be entitled to the
continuation of such benefits under the provisions of the Consolidated Omnibus Budget Reconciliation Act (COBRA). After the COBRA coverage expires if the Executive would have been eligible for retiree medical coverage they may elect that coverage at
the current retiree medical rates. Health care benefits otherwise receivable by the Executive pursuant to this subsection 4(d) shall be reduced to the extent comparable benefits are actually received by the Executive from a subsequent employer
during the 12 month period following the date the employment is terminated and any such benefits actually received by the Executive shall be reported by the Executive to the Company. For purposes of clarity and otherwise, to the extent the
Executive receives any greater health care benefits or health care benefits for a longer time period under an employment agreement between the Executive and the Company, the Company shall provide the Executive with the health care benefits described
in the employment agreement. 
 (2) Life Insurance. Life and accidental death and dismemberment insurance coverage
(including any supplemental coverage, purchase opportunity, and double indemnity for accidental death that was available to the Executive) equal (including policy terms) to that in effect at the time Notice of Termination is given (or on the date
the employment is terminated if no Notice of Termination is required) or, if more favorable to the Executive, equal to that in effect at the date the Change in Control occurs. 
  

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 In the event the Executive’s participation in any such plan or program is not
permitted, the Company will directly provide, at its discretion and at no after-tax cost to the Executive, either (1) the benefits to which the Executive would be entitled under such plans and programs, or (2) a lump-sum cash payment equal
to the after-tax value of the benefits. 
 (e) Retirement Benefits. The Executive will be entitled to receive
retirement benefits (i.e., defined contribution benefits including 401(k) contributions and profit sharing awards) as provided herein, so that the total retirement benefits the Executive receives from the Company will approximate the total
retirement benefits the Executive would have received under all (qualified and nonqualified) retirement plans (which shall not include severance plans) of the Company in which the Executive participates were the Executive fully vested under such
retirement plans and had the Executive continued in the employ of the Company for 12 months following the date of the Executive’s termination or until the Executive’s Retirement, if earlier (provided that such additional period shall
be inclusive of and shall not be in addition to any period of service credited under any severance plan of the Company). The benefits specified in this subsection will include all ancillary benefits, such as early retirement and survivor rights and
benefits available at retirement. The amount payable to the Executive or the Executive’s beneficiaries under this subsection shall equal the excess of (1) the retirement benefits that would be paid to the Executive or the Executive’s
beneficiaries, under all retirement plans of the Company in which the Executive participates if (A) the Executive were fully vested under such plans, (B) the amount of any profit sharing contribution is equal to the greater of the
percentage paid to the Executive in the year prior to the Change in Control or the percentage amount being accrued by the Company prior to the Change in Control, (C) the 12 month period (or the period until the Executive’s Retirement, if
less) following the date of the Executive’s termination were added to the Executive’s credited service under such plans, (D) the terms of such plans were those most favorable to the Executive in effect at any time during the period
commencing on the date of the announcement of the Change in Control and ending on the date of Notice of Termination (or on the date employment is terminated if no Notice of Termination is required), (E) the Executive’s highest average
annual compensation as defined under such retirement plans and was calculated as if the Executive had been employed by the Company for a 12 month period following the date of the Executive’s termination and had the Executive’s
compensation during such period been equal to the Executive’s compensation used to calculate the Executive’s benefit under subsections 4(a) and 4(b); over (2) the retirement benefits that are payable to the Executive or the
Executive’s beneficiaries under all retirement plans of the Company in which the Executive participates. These retirement benefits specified in this subsection are to be provided on an unfunded basis, are not intended to meet the qualification
requirements of Section 401 of the Internal Revenue Code, and shall be payable solely from the general assets of the Company. These retirement benefits shall be payable at the time and in the manner provided in the applicable retirement plans
to which they relate. 
 (f) Stock and Incentive Plans. Stock, stock options, stock appreciation rights, restricted
stock, restricted stock units, and other awards pursuant to Stock and Incentive 

  

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Compensation Plan held by the Executive become exercisable upon a Change in Control according to the terms of the Company’s Stock and Incentive Plans as
interpreted by the Company’s Compensation Committee as such Committee existed immediately prior to the Change in Control. 
 In
computing and determining Severance Benefits under subsections 4(a), (b), (c), (d), (e), and (f), above, a decrease in the Executive’s salary, incentive bonus potential, or insurance benefits shall be disregarded if such decrease occurs within
six months before a Change in Control, is in contemplation of such Change in Control, and is taken to avoid the effect of this Agreement should such action be taken after such Change in Control. In such event, the salary, incentive bonus potential,
and/or insurance benefits used to determine Severance Benefits shall be that in effect immediately before the decrease that is disregarded pursuant to this Section 4. 
 The Severance Benefits provided in subsections 4(a), (b), and (c) above shall be paid not later than 45 business days following the date the
Executive’s employment terminates. 
 In the case of an Award held by a Participant whom the Company reasonably believes is a
“specified employee” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), the Company may delay payment of such Award until the first business day that is six months and one day
after the date of such Participant’s termination of employment (or, if earlier, upon death) if the Company reasonably believes such Award to be subject to Section 409A(a)(2)(B) of the Code. 
 5. Tax Gross-Up. If any Severance Benefit or other benefit paid or provided under Section 4, or the acceleration of stock option, stock
appreciation right, or restricted stock vesting, or the payment or distribution of any Employee Benefits or similar benefits are subject to excise tax pursuant to Section 4999 of the Code (or any similar federal or state excise tax), the
Company shall pay to the Executive such additional compensation as is necessary (after taking into account all federal, state, and local income taxes payable by the Executive as a result of the receipt of such additional compensation) to place the
Executive in the same after-tax position he would have been in had no such excise tax (or any interest or penalties thereon) been paid or incurred with respect to any of such amounts (the “Tax Gross-Up”). Notwithstanding the foregoing, if
reducing the Severance Benefit or other benefit paid to Executive under this Agreement by ten percent (10%) or less would avoid payment of the excise tax pursuant to Section 4999 of the code (or any similar federal or state excise tax)
then the Severance Benefit will be reduced by the amount necessary, if any, so that the excised tax is not payable. The Company shall pay such additional compensation at the time when the Company withholds such excise tax from any payments to the
Executive. The calculation of the Tax Gross-Up shall be approved by the Company’s independent certified public accounting firm engaged by the Company immediately prior to the Change in Control and the calculation shall be provided to the
Executive in writing. The Executive shall then be given 15 days, or such longer period as the Executive reasonably requests, to accept or reject the calculation of the Tax Gross-Up. If the Executive rejects the Tax Gross-Up calculation and the
parties are thereafter unable to agree within an additional 45 days, the arbitration provisions of Section 11 shall control. The Company shall reimburse the Executive for all reasonable legal and accounting fees incurred with respect to
the calculation of the Tax Gross-Up and any disputes related thereto. 
  

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 For purposes of determining the amount of the Tax Gross-Up, the Executive shall be deemed to pay federal
income taxes at the highest marginal rate of federal income taxation in the calendar year in which the Tax Gross-Up is to be made and state and local income taxes at the highest marginal rates of taxation in the state and locality of the
Executive’s residence on the date of termination. 
 If the excise tax is subsequently determined to be less than the amount taken into
account hereunder at the time of termination of employment, the Executive shall repay to the Company at the time the reduction in excise tax is finally determined, the portion of the Tax Gross-Up attributable to such reduction. Notwithstanding the
Executive’s acceptance or rejection of the Tax Gross-Up calculation, if the excise tax is determined to exceed the amount taken into account hereunder at the time of termination of employment, the Company shall make an additional Tax Gross-Up
payment to the Executive in respect of such excess at the time the amount of such excess is finally determined. 
 6. Withholding of
Taxes. The Company may withhold from any amounts payable under this Agreement all federal, state, city, or other taxes as required by law provided that any stock withheld will only be withheld at the minimum statutory rates. 
 7. Release of Company and Non-Compete by Executive. As a condition of receiving the payments and benefits set forth in this Agreement,
the Executive will be required to execute a Release in the form of an agreement prescribed by the Company and a Non-Compete in the form of Exhibit B attached hereto. In the event the Executive fails or refuses to execute a Release and the
Non-Compete Agreement when requested by the Company under the terms of this Agreement, then the Executive will not be entitled to receive Severance Benefits under this Agreement, and Company will have no obligation to pay the Executive Severance
Benefits under this Agreement in the event of a Change in Control of the Company. 
 8. Acknowledgement. The Company hereby
acknowledges that it will be difficult and may be impossible for the Executive to find reasonably comparable employment, or to measure the amount of damages which the Executive may suffer as a result of termination of employment hereunder.
Accordingly, the payment of the Severance Benefits by the Company to the Executive in accordance with the terms of this Agreement is hereby acknowledged by the Company to be reasonable and will be liquidated damages, and the Executive will not be
required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise, nor will any profits, income, earnings, or other benefits from any source whatsoever create any mitigation, offset, reduction, or
any other obligation on the part of the Executive hereunder or otherwise, except for a reduction in health insurance coverage as provided in subsection 4(d)(1). The Company shall not be entitled to set off or counterclaim against amounts payable
hereunder with respect to any claim, debt, or obligation of the Executive. 
 9. Enforcement Costs; Interest. The Company is
aware that, upon the occurrence of a Change in Control, the Board or a stockholder of the Company may then cause or attempt to cause the Company to refuse to comply with its obligations under this Agreement, or may cause or attempt to cause the
Company to institute, or may institute, litigation, arbitration, or other 

  

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legal action seeking to have this Agreement declared unenforceable, or may take, or attempt to take, other action to deny the Executive the benefits intended
under this Agreement. In these circumstances, the purpose of this Agreement could be frustrated. It is the intent of the Company that the Executive not be required to incur the expenses associated with the enforcement of the Executive’s rights
under this Agreement by litigation, arbitration, or other legal action nor be bound to negotiate any settlement of the Executive’s rights hereunder under threat of incurring such expenses because the cost and expense thereof would substantially
detract from the benefits intended to be extended to the Executive under this Agreement. Accordingly, if following a Change in Control it should appear to the Executive that the Company has failed to comply with any of its obligations under this
Agreement, including the proper calculation of the Tax Gross-Up, or in the event that the Company or any other person takes any action to declare this Agreement void or unenforceable, or institute any litigation or other legal action designed to
deny, diminish, or to recover from the Executive, the benefits intended to be provided to the Executive hereunder, the Company irrevocably authorizes the Executive from time to time to retain counsel (legal and accounting) of the Executive’s
choice at the expense of the Company as provided in this Section 9 to represent the Executive in connection with the calculation of the Tax Gross-Up, or the initiation or defense of any litigation or other legal action, whether by or against
the Company or any director, officer, stockholder, or other person affiliated with the Company. Notwithstanding any existing or prior attorney-client relationship between the Company and such counsel, the Company irrevocably consents to the
Executive entering into an attorney-client relationship with such counsel, and in that connection the Company and the Executive agree that a confidential relationship shall exist between the Executive and such counsel. The reasonable fees and
expenses of counsel selected from time to time by the Executive as provided in this Section shall be paid or reimbursed to the Executive by the Company on a regular, periodic basis upon presentation by the Executive of a statement or statements
prepared by such counsel in accordance with its customary practices. In any action involving this Agreement, the Executive shall be entitled to prejudgment interest on any amounts found to be due him from the date such amounts would have been
payable to the Executive pursuant to this Agreement at an annual rate of interest equal to the prime commercial rate in effect at Fifth Third Bank or its successor from time to time during the prejudgment period plus 4 percent. 
 10. Indemnification. From and after the earliest to occur of a Change in Control or termination of employment, the Company shall (a) for
a period of five years after such occurrence, provide the Executive (including the Executive’s heirs, executors, and administrators) with coverage under a standard directors’ and officers’ liability insurance policy at the
Company’s expense, and (b) indemnify and hold harmless the Executive, to the fullest extent permitted or authorized by the law of the State of Ohio as it may from time to time be amended, if the Executive is (whether before or after the
Change in Control) made or threatened to be made a party to any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative, by reason of the fact that the Executive is or was a director,
officer, or employee of the Company or any Subsidiary, or is or was serving at the request of the Company or any Subsidiary as a director, trustee, officer, or employee of a bank, Company, partnership, joint venture, trust, or other enterprise. The
indemnification provided by this Section 10 shall not be deemed exclusive of any other rights to which the Executive may be entitled under the charter or bylaws of the Company or of any Subsidiary, or any agreement, vote 

  

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of shareholders or disinterested directors, or otherwise, both as to action in the Executive’s official capacity and as to action in another capacity
while holding such office, and shall continue as to the Executive after the Executive has ceased to be a director, trustee, officer, or employee and shall inure to the benefit of the heirs, executors, and administrators of the Executive. 

11. Arbitration. The initial method for resolving any dispute arising out of this Agreement shall be nonbinding arbitration in accordance
with this Section. Except as provided otherwise in this Section, arbitration pursuant to this Section shall be governed by the Commercial Arbitration Rules of the American Arbitration Association. A party wishing to obtain arbitration of an issue
shall deliver written notice to the other party, including a description of the issue to be arbitrated. Within 15 days after either party demands arbitration, the Company and the Executive shall each appoint an arbitrator. Within 15 additional
days, these two arbitrators shall appoint the third arbitrator by mutual agreement; if they fail to agree within this 15 day period, then the third arbitrator shall be selected promptly pursuant to the rules of the American Arbitration
Association for Commercial Arbitration. The arbitration panel shall hold a hearing in Cincinnati, Ohio, within 90 days after the appointment of the third arbitrator. The fees and expenses of the arbitrator, and any American Arbitration
Association fees, shall be paid by the Company. Both the Company and the Executive may be represented by counsel (legal and accounting) and may present testimony and other evidence at the hearing. Within 90 days after commencement of the
hearing, the arbitration panel will issue a written decision; the majority vote of two of the three arbitrators shall control. The majority decision of the arbitrators shall not be binding on the parties, and the parties may pursue other available
legal remedies if the parties are not satisfied with the majority decision of the arbitrator. The Executive shall be entitled to seek specific performances of the Executive’s rights under this Agreement during the pendency of any dispute or
controversy arising under or in connection with this Agreement. 
 12. Employment Rights. This Agreement sets forth the Severance
Benefits payable to the Executive in the event the Executive’s employment with the Company is terminated under certain conditions specified in Section 3. This Agreement is not an employment contract nor shall it confer upon the Executive
any right to continue in the employ of the Company or its Subsidiaries and shall not in any way affect the right of the Company or its Subsidiaries to dismiss or otherwise terminate the Executive’s employment at any time with or without Cause.

 13. Arrangements Not Exclusive. The specific benefit arrangements referred to in this Agreement are not intended to exclude
the Executive from participation in or from other benefits available to executive personnel generally or to preclude the Executive’s right to other compensation or benefits as may be authorized by the Board at any time. The provisions of this
Agreement and any payments provided for hereunder shall not reduce any amounts otherwise payable, or in any way diminish the Executive’s existing rights, or rights which would accrue solely as the result of the passage of time under any
compensation plan, benefit plan, incentive plan, stock option plan, employment agreement, or other contract, plan, or arrangement except as may be specified in such contract, plan, or arrangement. Notwithstanding anything to the contrary in this
Section 13, the Severance Benefits provided in Section 4 are in lieu of any benefits to which the Executive would be entitled following the termination of his or her 

  

 13 

 
employment pursuant to any Employment Agreement or pursuant to the Company’s Transition Pay Plan or any successor to or replacement of such Plan.

 14. Termination. Except for termination of employment described in Section 3, this Agreement shall terminate if the
employment of the Executive with the Company shall terminate prior to a Change in Control. For purposes of this Agreement, the Executive’s employment will be considered terminated if the Executive is informed prior to a Change in Control that
the Executive’s employment is terminated under the terms of Company’s Transition Pay Plan, and such termination was not in contemplation of a Change in Control. In these circumstances, this Agreement shall terminate on the Executive’s
last day of active employment, and the Executive will not be eligible for payments or benefits under this Agreement while receiving or while eligible to receive pay or benefits under the Transition Pay Plan, or at any time thereafter. 
 15. Successors; Binding Agreements. This Agreement shall inure to the benefit of and be enforceable by the Executive’s personal and
legal representatives, executors, administrators, successors, heirs, distributees, devisees, and legatees. The Executive’s rights and benefits under this Agreement may not be assigned, except that if the Executive dies while any amount would
still be payable to the Executive hereunder if the Executive had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement, to the beneficiaries designated by the Executive to
receive benefits under this Agreement in a writing on file with the Company at the time of the Executive’s death or, if there is no such beneficiary, to the Executive’s estate. The Company will require any successor (whether direct or
indirect, by purchase, merger, consolidation, or otherwise) to all or substantially all of the business and/or assets of the Company (or of any division or Subsidiary thereof employing the Executive) to expressly assume and agree to perform this
Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. Failure of the Company to obtain such assumption and agreement prior to the effectiveness of any such
succession shall be a breach of this Agreement and shall entitle the Executive to compensation from the Company in the same amount and on the same terms to which the Executive would be entitled hereunder if the Executive terminated employment for
Good Reason following a Change in Control. 
 16. No Vested Interest. Neither the Executive nor the Executive’s
beneficiaries shall have any right, title, or interest in any benefit under this Agreement prior to the occurrence of the right to the payment of such benefit. 
 17. Notice. For the purpose of this Agreement, notices and all other communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given when delivered personally
or mailed by United States registered mail, return receipt requested, postage prepaid, addressed to the such addresses as each party may designate from time to time to the other party in writing in the manner provided herein. Unless designated
otherwise notices to the Company should be sent to the Company at: 
  

	
	 Fifth Third Bancorp
 38 Fountain Square Plaza

Cincinnati, Ohio 45263
  

  

 14 

 Attention: Paul L. Reynolds 
 Until designated otherwise, notices shall be sent to the employee at the address indicated on the Beneficiary Designation and Notice form attached hereto as Exhibit A. If the parties by mutual agreement supply
each other with telecopier numbers for the purposes of providing notice by facsimile, such notice shall also be proper notice under this Agreement. Notice sent by certified or registered mail shall be effective two days after deposit by delivery to
the U.S. Post Office. 
 18. Savings Clause. If any payments otherwise payable to the Executive under this Agreement are
prohibited or limited by any statute or regulation in effect at the time the payments would otherwise be payable, including, without limitation, any regulation issued by the Federal Deposit Insurance Company (the “FDIC”) that limits
executive Change in Control payments that can be made by an FDIC insured institution or its holding company if the institution is financially troubled (any such limiting statute or regulation a “Limiting Rule”): 
 (a) Company will use its best efforts to obtain the consent of the appropriate governmental agency (whether the FDIC or any other
agency) to the payment by Company to the Executive of the maximum amount that is permitted (up to the amounts that would be due to the Executive absent the Limiting Rule); and 
 (b) the Executive will be entitled to elect to have apply, and therefore to receive benefits directly under, either (i) this
Agreement (as limited by the Limiting Rule) or (ii) any generally applicable Company severance, separation pay, and/or salary continuation plan that may be in effect at the time of the Executive’s termination. 
 Following any such election, the Executive will be entitled to receive benefits under this Agreement or plan elected only if and to the extent the Agreement or plan is
applicable and subject to its specific terms. 
 19. Amendment; Waiver. The Company may amend, without the approval of the
Executive, any provision of this Agreement to the extent necessary to comply with Section 409A of the Code so as to avoid any penalty or excise tax from being levied on the Executive; provided, however, that the Company may not decrease the
amount of any benefit the Executive is entitled to receive under this Agreement without the Executive’s consent. Regarding any other amendment, the Company may not amend or modify this Agreement, and no provision may be waived, unless such
amendment, modification, or waiver is agreed to in writing and signed by the Executive and the Company. 
 20. Validity. The
invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 
 21. Prior Executive Agreements. Upon the effective date of this Agreement, this Agreement supersedes any and all prior Executive Agreements
between the Company (or any predecessor of the Company) and the Executive and no payments or benefits of any kind shall be made under, on account of, or by reference to the prior Executive Agreements. 
  

 15 

 22. Counterparts. This Agreement may be executed in several counterparts, each of which shall
be deemed to be an original but all of which together shall constitute one and the same instrument. 
 23. Governing Law. Except
as otherwise provided, this Agreement shall be governed by the laws of the State of Ohio, without giving effect to any conflict of law provisions. 
 IN WITNESS WHEREOF, the parties have signed this Agreement as of the day and year written above. 
  

									
	COMPANY:	 		  	EXECUTIVE	  	
	FIFTH THIRD BANCORP	 		  		  	
					
	By:	 	  
	 		  	  
 Executive
	  	
	Its:	 	  
	 		  	  
 Date
	  	
					
	Date:	 	  
	 		  		  	

  

 16 

 Exhibit A 
 Beneficiary Designation and Notice Form 
 Beneficiary Designation 
 In the event of my death, I direct that any amounts due me under the Agreement to which this Beneficiary Designation is attached shall be distributed to
the person designated below. If no beneficiary shall be living to receive such assets they shall be paid to the administrator or executor of my estate. 
 Notice 
 Until notified otherwise, pursuant to Section 17 of the Agreement, notices should be sent to me at the
following address 
  

	
	  
 Street Address

	
	  
 City,
State and Zip Code

	
	
	  
 Executive

	
	  
 Date

	
	  
 Beneficiary

	
	  
 Relationship to Executive

  

 17 

 EXHIBIT B 
 NON-COMPETION AGREEMENT AND GENERAL RELEASE OF ALL CLAIMS 
 THE EXECUTION OF
THIS AGREEMENT between FIFTH THIRD BANCORP, an Ohio Corporation, and its Subsidiaries, and Successors (individually and collectively, the “Company”) and
                        (the “Executive”), is a condition of receiving the payments and benefits set forth in
the Executive Agreement signed by both parties, effective as of February 19, 2007. 
 In consideration of the mutual covenants contained
herein, the sufficiency of which are hereby acknowledged, Executive and Company, its predecessors, officers and directors agree as follows: 
 A. Your employment will end as of                     . If you comply with the terms and conditions of the Executive Agreement and
this Agreement, you will receive the payments and benefits set forth in the Executive Agreement. 
 B. In exchange for the above referenced
payments and benefits and to preserve the interests of the Company in its clients and customers, Executive agrees that for a period of three years after the termination of Executive’s employment, Executive will not: 
  

	 	1.	Enter into an ownership, consulting or employment arrangement with, or render services for, any individual or entity rendering services or handling products competitive with the
Company in any geographic region or territory in which Executive worked or had responsibility during the twenty-four (24) month period preceding departure from the Company; 

  

	 	2.	Directly or indirectly solicit, divert, entice or take away any customers, business or prospective business with whom Executive had contact, involvement or responsibility during
Executive’s employment with the Company, or attempt to do so for the sale of any product or service that competes with a product or service offered by the Company; 

  

	 	3.	Directly or indirectly solicit, divert, entice or take away any potential customer identified, selected or targeted by Company with whom Executive had contact, involvement or
responsibility during Executive’s employment with Company, or attempt to do so for the sale of any product or service that competes with a product or service offered by the Company; 

  

	 	4.	 Accept or provide assistance in the accepting of (including, but not limited to, providing any service, information or assistance or other facilitation or other
involvement) business or orders from customers or any potential customers of the Company with whom Executive has had
contact,                                       
                                        
                          

  

 18 

	 	 
involvement, or responsibility on behalf of any third party or otherwise for Executive’s own benefit; 

  

	 	5.	Directly or indirectly solicit, induce, confer or discuss with any employee of the Company or attempt to solicit, induce, confer or discuss with any employee of Company the prospect
of leaving the employ of Company or the subject of employment by some other person or organization; 

  

	 	6.	Directly or indirectly hire or attempt to hire any employee of Company; 

  

	 	7.	Nothing contained in this Section shall preclude Executive from accepting employment with or creating a company, firm or business that competes with Company so long as
Executive’s activities do not violate any of the terms of this Agreement; 

  

	 	8.	The restrictive covenants contained in this section shall supersede any previous obligations imposed upon Executive by agreements entered into between Executive and the Company as
they relate to post-employment solicitation of customers and/or employees. However, any prior obligations prohibiting the use, possession, and dissemination of confidential, proprietary and/or trade secret protected information shall remain in full
force and effect. 

 C.     As additional consideration, Executive, on Executive’s behalf and on
behalf of Executive’s heirs, executors, successors, and assigns hereby release the Company, as well as all of their officers, directors, executives, managers and employees, from any and all debts, claims, demands, rights, actions, causes of
action, suits or damages, whatsoever and of every kind of nature, whether known or unknown (collectively the “Claims”), against the Company and the others released herein, which relate to or arose from Executive’s employment with or
separation from the Company as contemplated herein except to the extent such Claims cannot be released under applicable law. Released claims include, without limitation, any and all claims arising under federal, state or local laws, including,
without limitation, claims under the Age Discrimination in Employment Act, the Older Workers Benefit Protection Act, the Americans With Disabilities Act, Title VII of the Civil Rights Act of 1964, as amended, the Equal Pay Act, any other federal,
state or local law prohibiting employment discrimination or otherwise regulating wages, hours or working conditions, and any and all claims under the common law for breach of express or implied contract, violation of the covenant of good faith and
fair dealing, violation of public policy, negligence, slander, defamation, invasion of privacy, false light, false imprisonment, trespass, breach of fiduciary duty, intentional interference, intentional or negligent infliction of emotional distress,
intrusion, loss of consortium, retaliatory or wrongful termination, punitive damages, and claims that you have or may have which may have arisen up to and including the date of this Agreement. Executive acknowledges and agrees that as a matter of
public policy, Executive cannot waive any rights to file claims with the Equal Employment Opportunity Commission and/or any similar state agency, however, in the event such claim(s) is/are filed, Executive hereby expressly waives the right to
receive any monetary damages as
a                                        
                                         

  

 19 

 
result of such action(s) and expressly waives the right to receive any monetary damages in connection with such proceedings. 
 D.     Executive and Company agree that any action to enforce this Agreement may be brought in a state or federal court located in
Hamilton County, Ohio. Executive and Company hereby agree that such courts shall have jurisdiction and venue with respect to any such action. 
 E.     Executive also agrees to fully cooperate with the Company and its customers during this transition. If Executive fails to cooperate to Company’s satisfaction as determined by the Company, Executive will be
deemed to have voluntarily resigned, and the waiver and releases in favor of the Company in this Agreement shall remain in full force and effect. 
 F.     Executive will not make any disparaging remarks concerning Company or any of its employees to anyone. 
 G.     Executive agrees that apart from discussions with personal counsel and immediate family, whom Executive will ask not to divulge the terms of this Agreement, Executive will not disclose, publicize or discuss either
the terms of this Agreement or termination from the Company with anyone within or outside of Company unless required by subpoena or any other legal compulsion, and will give immediate notice to Company of the receipt of any subpoena or other legal
document which might call upon you to disclose either any of the contents of this Agreement or your employment with and termination from Company. 
 H.     Executive represents and warrants that Executive has returned to the Company the original and any copies of all keys, identification cards, charge cards, equipment, papers, reports, memoranda or other items of
Company property. You acknowledge that the Company has returned to you all items of your personal property. 
 I.    
Executive recognizes and agrees that nothing in this Agreement constitutes an admission of liability or wrongdoing by Executive or by the Company or any of the others released herein. 
 J.     This Agreement will be governed by Ohio law. 
 K.     In October 1990, the Older Workers Benefit Protection Act (“Act”) was enacted. The Act provides, among other things, that notice be given to you in writing and in a manner
calculated to be understood by the average individual affected by this termination. As provided in the Act, you have a right to consider this Agreement for a period of forty-five days. If you choose to accept it, you must sign it and return it to
your Human Resource Manager on or before                     . You will then have seven days after such acceptance to change your mind and
revoke the Agreement. If you accept the Agreement and do not revoke it, payment will be made to you as provided in the Agreement. If you decide not to accept the Agreement or accept the Agreement but revoke acceptance within seven days, nothing will
be paid to you under the Agreement and your employment will end on             . You are advised to consult with an attorney before acting on this Agreement. 
  

 20 

 Signed this         day of
                    ,         . 
  

							
	Accepted and agreed to:	 	 	 	Witnessed and accepted:
	 	 	 	 	FIFTH THIRD BANCORP
			
	 	 	 	 	BY:
                                        
                                        
                              
			
	  
	 		 	DATE:
                                        
                                        
                        
	 Name
	 		 		 	

  

 212007 Amended and Restated Credit Agreement

 Exhibit 10.1 
  

 2007 AMENDED AND RESTATED CREDIT AGREEMENT 
 between 
 COLDWATER CREEK INC., 
 and 
 WELLS FARGO BANK, NATIONAL ASSOCIATION, 
 Dated as of February 13, 2007 
  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	 Section I.
	  	 DEFINITIONS; INTERPRETATION
	  	
			
	 1.1
	  	 Definitions
	  	1
			
	 1.2
	  	 GAAP
	  	16
			
	 1.3
	  	 Headings
	  	17
			
	 1.4
	  	 Plural Terms
	  	17
			
	 1.5
	  	 Time
	  	17
			
	 1.6
	  	 Governing Law
	  	17
			
	 1.7
	  	 Construction
	  	17
			
	 1.8
	  	 Entire Agreement
	  	17
			
	 1.9
	  	 Calculation of Interest and Fees
	  	17
			
	 1.10
	  	 References
	  	17
			
	 1.11
	  	 Other Interpretive Provisions
	  	18
			
	 1.12
	  	 Rounding
	  	18
			
	 Section II.
	  	 CREDIT FACILITIES
	  	18
			
	 2.1
	  	 Revolving Loan Facility
	  	18
			
	 2.2
	  	 Letters of Credit
	  	23
			
	 2.3
	  	 Sweep Loans
	  	27
			
	 2.4
	  	 Commitment Reductions and Increases
	  	28
			
	 2.5
	  	 Fees
	  	29
			
	 2.6
	  	 Prepayments
	  	29
			
	 2.7
	  	 Other Payment Terms
	  	31
			
	 2.8
	  	 Loan Accounts; Notes
	  	31
			
	 2.9
	  	 Loan Funding
	  	32

  

 -i- 

					
			
	 2.10
	  	 [Intentionally omitted]
	  	32
			
	 2.11
	  	 Change of Circumstances
	  	32
			
	 2.12
	  	 Taxes on Payments
	  	34
			
	 2.13
	  	 Funding Loss Indemnification
	  	35
			
	 2.14
	  	 Prepayment
	  	35
			
	 2.15
	  	 [Intentionally omitted]
	  	35
			
	 Section III.
	  	 CONDITIONS PRECEDENT
	  	36
			
	 3.1
	  	 Initial Conditions Precedent
	  	36
			
	 3.2
	  	 Conditions Precedent to each Credit Event
	  	39
			
	 3.3
	  	 Initial Credit Event
	  	40
			
	 3.4
	  	 Covenant to Deliver
	  	40
			
	 Section IV.
	  	 REPRESENTATIONS AND WARRANTIES
	  	40
			
	 4.1
	  	 Representations and Warranties
	  	40
			
	 4.2
	  	 Reaffirmation
	  	46
			
	 Section V.
	  	 COVENANTS
	  	46
			
	 5.1
	  	 Affirmative Covenants
	  	46
			
	 5.2
	  	 Negative Covenants
	  	50
			
	 5.3
	  	 Financial Covenants
	  	53
			
	 Section VI.
	  	 DEFAULT
	  	54
			
	 6.1
	  	 Events of Default
	  	54
			
	 6.2
	  	 Remedies
	  	56
			
	 Section VII.
	  	 [Intentionally omitted.]
	  	56
			
	 Section VIII.
	  	 MISCELLANEOUS
	  	56
			
	 8.1
	  	 Notices
	  	56
			
	 8.2
	  	 Expenses
	  	57

  

 -ii- 

					
			
	 8.3
	  	 Indemnification
	  	58
			
	 8.4
	  	 Waivers; Amendments
	  	58
			
	 8.5
	  	 Successors and Assigns
	  	59
			
	 8.6
	  	 Setoff
	  	60
			
	 8.7
	  	 No Third Party Rights
	  	60
			
	 8.8
	  	 Partial Invalidity
	  	60
			
	 8.9
	  	 Jury Trial
	  	60
			
	 8.10
	  	 Counterparts
	  	61
			
	 8.11
	  	 Consent to Jurisdiction
	  	61
			
	 8.12
	  	 Arbitration
	  	61
			
	 8.13
	  	 Relationship of Parties
	  	63
			
	 8.14
	  	 Time
	  	64
			
	 8.15
	  	 Waiver of Punitive Damages
	  	64
			
	 8.16
	  	 Confidentiality
	  	64
			
	 8.17
	  	 Effect of Amended and Restated Credit Agreement
	  	64

  

 -iii- 

 2007 AMENDED AND RESTATED CREDIT AGREEMENT 
 THIS 2007 AMENDED AND RESTATED CREDIT AGREEMENT, dated as of February 13, 2007, is entered into by and between COLDWATER CREEK INC., a Delaware
corporation (the “Borrower”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association (“Lender”) and as L/C issuer (in such capacity, “L/C Issuer”). 
 RECITALS 
 A. Borrower and
Lender entered into that certain Credit Agreement dated as of January 27, 2005 (as amended and otherwise modified as of the date hereof the “Original Credit Agreement”) pursuant to which the Lender agreed to provide Borrower certain
credit facilities more particularly described therein on the terms and conditions set forth therein. 
 B. Borrower and the Lender desire to
make certain revisions to the Original Credit Agreement. 
 C. In order to reflect such revisions, the parties are entering into this
document entitled “2007 Amended and Restated Credit Agreement” which is intended to amend and restate the Original Credit Agreement and which, after its execution by the parties and the satisfaction of all conditions set forth in Article
III hereof (the “Closing Conditions”), shall, except as provided otherwise in Section 8.17 hereof, be deemed to have replaced, but not to discharge any indebtedness or other obligations owing under, the Original Credit
Agreement, and any reference in any Loan Document to the “Credit Agreement” or to the “Loan Agreement” shall thereafter be deemed to be a reference to this 2007 Amended and Restated Credit Agreement. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of
the above Recitals and the mutual covenants herein contained, the parties hereto hereby agree as follows: 
 SECTION I. DEFINITIONS; INTERPRETATION.

 1.1 Definitions. Unless otherwise indicated in this Agreement or any other Credit Document, each term set forth below, when used
in this Agreement or any other Credit Document, shall have the respective meaning given to that term below or in the provision of this Agreement or other document, instrument or agreement referenced below. 
 “Affiliate” shall mean, with respect to any Person, (a) each Person that, directly or indirectly, owns or controls, whether
beneficially or as a trustee, guardian or other fiduciary, thirty percent (30%) or more of any class of Equity Securities of such Person, (b) each Person that controls, is controlled by or is under common control with such Person or any
Affiliate of such Person or (c) each of such Person’s officers, directors, joint venturers and partners; provided, however, that in no case shall the Lender be deemed to be an Affiliate of the Borrower or any of its
Subsidiaries for purposes of this Agreement. For the purpose of this definition, “control” of a Person shall mean the possession, directly or indirectly, of the power to direct or cause the direction of its management or policies, whether
through the ownership of voting securities, by contract or otherwise. 

 “Agreement” shall mean this 2007 Amended and Restated Credit Agreement. 
 “Applicable Margin” shall mean, with respect to each Revolving Loan (and with respect to the calculation of Letter of Credit fees
pursuant to Section 2.2(i)), subject to Section 2.7(c) hereof, the per annum margin which is determined pursuant to the Pricing Grid and added to the Base Rate, LIBOR Rate or Prime Rate, as the case may be, for such Revolving
Loan. The Applicable Margin shall be determined as provided in the Pricing Grid and may change for each Fiscal Quarter and as provided in Section 2.7(c). 
 “Automatic Debit” shall have the meaning given to that term in Section 2.6(d). 
 “Base Rate” shall mean, with respect to any day for Base Rate Loans, including Sweep Loans, in any Revolving Loan Borrowing, a rate per annum equal to the quotient (rounded upward, if necessary, to the nearest 1/16 of one
percent) of (a) the Daily LIBOR Rate divided by (b) one (1) minus the Reserve Requirement in effect from time to time. The Base Rate shall be adjusted automatically as to all Base Rate loans then outstanding as of the effective
date of any change in either the Base Rate or the Reserve Requirement. 
 “Base Rate Loan” shall mean, at any time, a
Revolving Loan which then bears interest as provided in clause (i) of Section 2.1(c). Base Rate Loans shall include Sweep Loans. 
 “Borrower” shall mean Coldwater Creek, Inc., a Delaware corporation. 
 “Borrowing” shall mean a
Revolving Loan Borrowing, as the context may require. 
 “Business Day” shall mean any day on which (a) commercial
banks are not authorized or required to close in Boise, Idaho and (b) if such Business Day is related to a LIBOR Loan or a Base Rate Loan, dealings in Dollar deposits are carried out in the London interbank market. 
 “Capital Adequacy Requirement” shall have the meaning given to that term in Section 2.11(d). 
 “Capital Asset” shall mean, with respect to any Person, any tangible fixed or capital asset owned or leased (in the case of a Capital
Lease) by such Person, or any expense incurred by such Person that is required by GAAP to be reported as a non-current asset on such Person’s balance sheet. 
 “Capital Expenditures” shall mean, with respect to any Person and any period, all amounts expended by such Person during such period to acquire or to construct Capital Assets (including renewals,
improvements and replacements) computed in accordance with GAAP (including all amounts paid or accrued on Capital Leases and other Indebtedness incurred or assumed to acquire Capital Assets). 
 “Capital Leases” shall mean any and all lease obligations that, in accordance with GAAP, are required to be capitalized on the books of
a lessee. 
 “Cash Collateralize” shall mean to pledge and deposit with or deliver to the L/C Issuer, as collateral for the
Obligations, cash or deposit account balances in an amount equal to the L/C 

  

 2 

 
Obligations pursuant to documentation in form and substance satisfactory to the L/C Issuer. Derivatives of such term shall have corresponding meaning.

 “Cash Investments” shall mean Investments made by Borrower which are in compliance with Borrower’s investment policy
as adopted by Borrower’s board of directors and as duly modified from time to time by Borrower’s board of directors; provided, however, notwithstanding the foregoing, Investments in Equity Securities shall be Cash Investments only if they
are invested in a Material Subsidiary. 
 “CEO” shall mean Lender’s Commercial Electronic Office, an electronic banking
services platform that Lender makes available to certain of its customers. Prior to using the CEO, Borrower shall execute all Trade Service Online Agreements and other agreements required by Lender for the use of the CEO. 
 “Change of Law” shall have the meaning given to that term in Section 2.11(b). 
 “Closing Date” shall mean the date designated as such by the Borrower, which date shall be no earlier than the date on which all of the
conditions set forth in Section 3.1 have been satisfied and no later than February 23, 2007. 
 “Commercial Letter of
Credit” means any documentary letter of credit issued by the Lender either under this Agreement (including the Existing Commercial Letters of Credit) or as originally issued, in either case as the same may be supplemented, modified,
amended, extended, restated or supplanted. 
 “Compliance Certificate” shall have the meaning given to that term in
Section 5.1(a)(iii). 
 “Concentration Account” shall mean account number 5130000432 maintained with Lender or
any successor account thereto and each investment account tied thereto. 
 “Consolidated Tangible Net Worth” shall mean, as
of any date of determination, the Net Worth of the Loan Parties, on a consolidated basis, on such date minus the sum of the aggregate of (i) all treasury stock and (ii) all Intangible Assets of the Loan Parties. 
 “Contingent Obligation” shall mean, with respect to any Person, (a) any Guaranty Obligation of that Person; and (b) any direct
or indirect obligation or liability, contingent or otherwise, of that Person (i) in respect of any Surety Instrument issued for the account of that Person or as to which that Person is otherwise liable for reimbursement of drawings or payments,
(ii) as a partner or joint venturer in any partnership or Joint Venture or (iii) to purchase any materials, supplies or other property from, or to obtain the services of, another Person if the relevant contract or other related document or
obligation requires that payment for such materials, supplies or other property, or for such services, shall be made regardless of whether delivery of such materials, supplies or other property is ever made or tendered, or such services are ever
performed or tendered. The amount of any Contingent Obligation shall (subject, in the case of Guaranty Obligations, to the last sentence of the definition of “Guaranty Obligation”) be deemed equal to the maximum reasonably anticipated
liability in respect thereof. 
  

 3 

 “Contractual Obligation” of any Person shall mean, any indenture, note, lease, loan
agreement, security, deed of trust, mortgage, security agreement, guaranty, instrument, contract, agreement or other form of contractual obligation or undertaking to which such Person is a party or by which such Person or any of its property is
bound. 
 “Credit Documents” shall mean and include this Agreement, the Note, each Guaranty, the Letters of Credit, all
other documents, instruments and agreements delivered to Lender pursuant to Section 3.1 and all other documents, instruments and agreements delivered by any Loan Party to Lender in connection with this Agreement, the Letters of Credit or
any other Credit Document on or after the date of this Agreement. 
 “Credit Event” shall mean the making of any Loan
(including Sweep Loans); the making of an L/C Credit Extension; the conversion of any Loan into a LIBOR Loan; or the selection of a new Interest Period for any LIBOR Loan. 
 “Daily LIBOR Rate” shall mean a fluctuating interest rate per annum for its Dollar deposits most recently announced within Lender as its
Inter-Bank Market Offered Rate for the delivery of funds on a Business Day for a one (1) day period in an amount approximately equal to the principal amount of the applicable Base Rate Loan. Borrower understands and agrees that: (i) this
rate is used for the purpose of calculating effective interest rates for loans making reference thereto; (ii) Lender may base its Inter-Bank Market Offered Rate upon such offers or other market indicators in the Inter-Bank Market as Lender, in
its discretion, deems appropriate including, but not limited to, the rate offered for Dollar deposits on the London interbank market; and (iii) this rate is evidenced by the recording thereof after its announcement within Lender. 
 “Debtor Relief Laws” shall mean the Bankruptcy Code of the United States of America, and all other applicable liquidation,
conservatorship, bankruptcy, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws or Governmental Rules from time to time in effect affecting the rights of creditors generally. 
 “Default” shall mean an Event of Default or any event or circumstance not yet constituting an Event of Default which, with the giving of
any notice or the lapse of any period of time or both, would become an Event of Default. 
 “Default Rate” shall have the
meaning given to that term in Section 2.7(c). 
 “Distributions” shall mean dividends (in property or
obligations) on, or other payments or distributions on account of, or the setting apart of money for a sinking or other analogous fund for, or the purchase, redemption, retirement or other acquisition of any shares of any class of stock of any Loan
Party or of any warrants, options or other rights to acquire the same (or to make any payments to any Person, such as “phantom stock” payments, where the amount is calculated with reference to the fair market or equity value of any Loan
Party). Cash and/or stock dividends are not included in the definition of Distributions. 
 “Dollars” and
“$” shall mean the lawful currency of the United States of America and, in relation to any payment under this Agreement, same day or immediately available funds. 
  

 4 

 “EBITDA” means, with respect to any fiscal period, without duplication, the sum
of (a) Net Income for that period, plus (b) any extraordinary loss, minus (c) any extraordinary gain, plus (d) Interest Expense for that period, plus (e) the aggregate amount of federal and
state taxes on or measured by income for that period (whether or not payable during that period), plus (f) depreciation and amortization expense for that period, plus (g) all other non-cash expenses (less non-cash gains) for
that period, in each case as determined in accordance with GAAP, consistently applied and, in the case of items (b), (c), (d), (e), (f), and (g), to the extent deducted in determining such Net Income for
that period. 
 “EBITDAR” means, with respect to any fiscal period, EBITDA plus Rental Expense. 
 “Effective Amount” shall mean (a) with respect to Revolving Loans, including Sweep Loans, on any date, the aggregate outstanding
principal amount thereof after giving effect to any borrowings and prepayments or repayments of Revolving Loans, including Sweep Loans, occurring on such date; and (b) with respect to any L/C Obligations on any date, the amount of such L/C
Obligations on such date after giving effect to any L/C Credit Extension occurring on such date and any other changes in the aggregate amount of the L/C Obligations as of such date, including as a result of any reimbursements of outstanding unpaid
drawings under any Letters of Credit or any reductions in the maximum amount available for drawing under Letters of Credit taking effect on such date. 
 “Employee Benefit Plan” shall mean any employee benefit plan within the meaning of section 3(3) of ERISA maintained or contributed to by the Borrower or any ERISA Affiliate, other than a Multiemployer
Plan. 
 “Environmental Damages” shall mean all claims, judgments, damages, losses, penalties, liabilities (including strict
liability), costs and expenses, including costs of investigation, remediation, defense, settlement and reasonable attorneys’ fees and consultants’ fees, that are incurred at any time as a result of the existence of any Hazardous Materials
upon, about or beneath any real property owned by the Loan Parties or any of their Subsidiaries or migrating or threatening to migrate to or from any such real property, or arising from any investigation, proceeding or remediation of any location at
which the Loan Parties, any of their Subsidiaries or any predecessors are alleged to have directly or indirectly disposed of Hazardous Materials or arising in any manner whatsoever out of any violation of Environmental Laws. 
 “Environmental Laws” shall mean the Clean Air Act, 42 U.S.C. Section 7401 et seq.; the Federal Water Pollution
Control Act, 33 U.S.C. Section 1251 et seq.; the Resource Conservation and Recovery Act of 1976, 42 U.S.C. Section 6901 et seq.; the Comprehensive Environment Response, Compensation and Liability Act of 1980
(including the Superfund Amendments and Reauthorization Act of 1986, “CERCLA”), 42 U.S.C. Section 9601 et seq.; the Toxic Substances Control Act, 15 U.S.C. Section 2601 et seq.; the Occupational Safety
and Health Act, 29 U.S.C. Section 651; the Emergency Planning and Community Right-to-Know Act of 1986, 42 U.S.C. Section 11001 et seq.; the Mine Safety and Health Act of 1977, 30 U.S.C. Section 801 et seq.;
the Safe Drinking Water Act, 42 U.S.C. Section 300f et seq.; and all other Governmental Rules relating to environmental, health, safety and land use matters, including all Governmental Rules pertaining to the reporting, licensing,
permitting, transportation, storage, disposal, investigation or remediation of emissions, discharges, releases or threatened releases of Hazardous Materials 

  

 5 

 
into the air, surface water, groundwater or land, or relating to the manufacture, processing, distribution, use, treatment, storage, disposal, transportation
or handling of Hazardous Materials. 
 “Equity Securities” of any Person shall mean (a) all common stock, preferred
stock, participations, shares, partnership interests or other equity interests in and of such Person (regardless of how designated and whether or not voting or non-voting) and (b) all warrants, options and other rights to acquire any of the
foregoing. 
 “ERISA” shall mean the Employee Retirement Income Security Act of 1974. 
 “ERISA Affiliate” shall mean any Person that is treated as a single employer with the Borrower under section 414 of the IRC. 

“Event of Default” shall have the meaning given to that term in Section 6.1. 
 “Existing Commercial Letters of Credit” shall mean the Commercial Letters of Credit described on Schedule II. 
 “Federal Reserve Board” shall mean the Board of Governors of the Federal Reserve System. 
 “Financial Statements” shall mean, with respect to any accounting period for any Person, statements of income, retained earnings,
shareholders’ equity or partners’ capital and cash flows of such Person for such period, and a balance sheet of such Person as of the end of such period, setting forth in each case in comparative form figures for the corresponding period
in the preceding Fiscal Year if such period is less than a full Fiscal Year or, if such period is a full Fiscal Year, corresponding figures from the preceding annual audited financial statements, all prepared in reasonable detail and in accordance
with GAAP. 
 “Fiscal Quarter” means any fiscal quarter of Borrower and its Subsidiaries. 
 “Fiscal Year” means the fiscal year of Borrower and its Subsidiaries ending on the Saturday closest to each January 31. 

“Fixed Charge Coverage Ratio” shall mean the ratio of (a) the sum of EBITDA and all amount payable under all non-cancelable
Operating Leases (determined on a consolidated basis in accordance with GAAP) for the period in question, to (b) the sum of (without duplication) (i) Interest Expense for such period, (ii) the sum of the scheduled current maturities
(determined on a consolidated basis in accordance with GAAP) of Total Funded Debt during the period in question, (iii) all amounts payable under non-cancelable Operating Leases (determined as aforesaid) during such period, and (iv) all
amounts payable with respect to Capital Leases (determined on a consolidated basis in accordance with GAAP) for the period in question. 
 “Foreign Plan” shall mean any employee benefit plan maintained by the Loan Parties or any of their Subsidiaries which is mandated or governed by any Governmental Rule of any Governmental Authority other than the United
States of America. 
  

 6 

 “GAAP” shall mean generally accepted accounting principles and practices as in effect in
the United States of America from time to time, consistently applied. 
 “Governmental Authority” shall mean any domestic or
foreign national, state or local government, any political subdivision thereof, any department, agency, authority or bureau of any of the foregoing, or any other entity exercising executive, legislative, judicial, regulatory or administrative
functions of or pertaining to government, including the Federal Deposit Insurance Corporation, the Federal Reserve Board, the Comptroller of the Currency, any central bank or any comparable authority. 
 “Governmental Authorization” shall mean any permit, license, registration, approval, finding of suitability, authorization, plan,
directive, order, consent, exemption, waiver, consent order or consent decree of or from, or notice to, action by or filing with, any Governmental Authority. 
 “Governmental Charges” shall mean, with respect to any Person, all levies, assessments, fees, claims or other charges imposed by any Governmental Authority upon such Person or any of its property or
otherwise payable by such Person. 
 “Governmental Rule” shall mean any law, rule, regulation, ordinance, order, code
interpretation, judgment, decree, directive, Governmental Authorization guidelines, policy or similar form of decision of any Governmental Authority. 
 “Guarantors” shall mean, collectively, each now-existing or hereafter-acquired or created Material Subsidiary of the Borrower. 
 “Guaranty” shall mean, collectively, each Guaranty Agreement executed by a Guarantor and delivered by the Borrower pursuant to
Sections 3.1(a)(iii) and 5.1(i). 
 “Guaranty Obligation” shall mean, with respect to any Person, any direct or
indirect liability of that Person with respect to any Indebtedness, lease, dividend, letter of credit or other obligation (the “primary obligations”) of another Person (the “primary obligor”), including any obligation of that
Person, whether or not contingent, (a) to purchase, repurchase or otherwise acquire such primary obligations or any property constituting direct or indirect security therefor, or (b) to advance or provide funds (i) for the payment or
discharge of any such primary obligation, or (ii) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency or any balance sheet item, level of income or financial condition of the
primary obligor, or (c) to purchase property, securities or services primarily for the purpose of assuring the beneficiary of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation, or
(d) otherwise to assure or hold harmless the holder of any such primary obligation against loss in respect thereof. The amount of any Guaranty Obligation shall be deemed equal to the stated or determinable amount of the primary obligation in
respect of which such Guaranty Obligation is made or, if not stated or if indeterminable, the maximum liability in respect thereof. 
 “Hazardous Materials” shall mean all pollutants, contaminants and other materials, substances and wastes which are hazardous, toxic, caustic, harmful or dangerous to human health or the environment, including petroleum and
petroleum products and byproducts, radioactive 

  

 7 

 
materials, asbestos, polychlorinated biphenyls and all materials, substances and wastes which are classified or regulated as “hazardous,”
“toxic” or similar descriptions under any Environmental Law. 
 “Honor Date” shall have the meaning given to that
term in Section 2.2(c)(i). 
 “HSBC” shall mean The Hongkong and Shanghai Banking Corporation Limited.

 “HSBC Letters of Credit” shall mean Letters of Credit issued by HSBC for the account of Borrower in which Lender (or
Trade Bank) has obtained a participation interest. 
 “ICC” shall have the meaning given to that term in
Section 2.2(h). 
 “Indebtedness” of any Person shall mean, without duplication: 
 (a) All obligations of such Person evidenced by notes, bonds, debentures or other similar instruments and all other obligations of such
Person for borrowed money irrespective of whether such obligations are subordinated to the Revolving Loans (including obligations to repurchase receivables and other assets sold with recourse); 
 (b) All obligations of such Person for the deferred purchase price of property or services (including obligations under letters of credit
and other credit facilities which secure or finance such purchase price); 
 (c) All obligations of such Person under
conditional sale or other title retention agreements with respect to property acquired by such Person (to the extent of the value of such property if the rights and remedies of the seller or the Lender under such agreement in the event of default
are limited solely to repossession or sale of such property); 
 (d) All obligations of such Person as lessee under or with
respect to Capital Leases; 
 (e) All Synthetic Lease Obligations of such Person; 
 (f) All obligations of such Person, contingent or otherwise, under or with respect to Surety Instruments; 
 (g) All net obligations of such Person, contingent or otherwise, under or with respect to any Swap Agreement; 
 (h) All Guaranty Obligations of such Person with respect to the obligations of other Persons of the types described in clauses (a) - (g)
above and all other Contingent Obligations of such Person; and 
 (i) All obligations of other Persons of the types described
in clauses (a) - (h) above to the extent secured by (or for which any holder of such obligations has an existing right, contingent or otherwise, to be secured by) any Lien in any property (including accounts and 

  

 8 

 
contract rights) of such Person, even though such Person has not assumed or become liable for the payment of such obligations. 
 “Intangible Assets” shall mean assets that are considered to be intangible assets under GAAP, including customer lists, goodwill,
computer software, copyrights, trade names, trade marks, patents, unamortized deferred charges, unamortized debt discount and capitalized research and development costs. 
 “Interest Expense” shall mean, for any period, the sum, for the Loan Parties (determined on a consolidated basis without duplication in accordance with GAAP), of the following: (a) all interest,
fees, charges and related expenses payable during such period to any Person in connection with Indebtedness or the deferred purchase price of assets that is treated as interest in accordance with GAAP, (b) the portion of rent actually paid
during such period under Capital Leases that should be treated as interest in accordance with GAAP, (c) the Synthetic Lease Interest Component for such period and (d) the net amounts payable (or minus the net amounts receivable)
under any Swap Agreements accrued during such period (whether or not actually paid or received during such period). 
 “Interest
Period” shall mean, with respect to any LIBOR Loan, the time periods selected by the Borrower pursuant to Section 2.1(b) or Section 2.1(d) which commences on the first day of such Loan or the effective date of any
conversion and ends on the last day of such time period, and thereafter, each subsequent time period selected by the Borrower pursuant to Section 2.1(e) which commences on the last day of the immediately preceding time period and ends on
the last day of that time period. 
 “Investment” of any Person shall mean any loan or advance of funds by such Person to
any other Person (other than advances to employees of such Person for moving and travel expenses, drawing accounts and similar expenditures in the ordinary course of business), any purchase or other acquisition of any Equity Securities or
Indebtedness of any other Person, any capital contribution by such Person to or any other investment by such Person in any other Person (including any Guaranty Obligations of such Person and any indebtedness of such Person of the type described in
clause (h) of the definition of “Indebtedness” on behalf of any other Person). 
 “IRC” shall mean the
Internal Revenue Code of 1986. 
 “Joint Venture” means a corporation, partnership, joint venture or other legal arrangement
(whether created pursuant to contract or conducted through a separate legal entity) now or hereafter formed by the Loan Parties or any of their Subsidiaries with another Person in order to conduct a common venture or enterprise with such Person.

 “L/C Borrowing” shall mean an extension of credit resulting from a drawing under any Letter of Credit which has not been
reimbursed on the date when made or refinanced as a Revolving Loan Borrowing. 
 “L/C Credit Extension” shall mean, with
respect to any Letter of Credit, the issuance thereof, the amendment thereof, the extension of the expiry date thereof, or the increase of the amount thereof. 
  

 9 

 “L/C Issuer” shall mean: (i) Lender (or Trade Bank) in its capacity as issuer of
Letters of Credit hereunder; (ii) as applicable, HSBC in its capacity as issuer of HSBC Letters of Credit; or (iii) any successor issuer of Letters of Credit hereunder. 
 “L/C Obligations” shall mean, as at any date of determination, the aggregate undrawn face amount of all outstanding Letters of Credit
plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. 
 “Lender” shall mean Wells Fargo
Bank, National Association and shall include it acting as the L/C Issuer (unless the context otherwise requires). 
 “Letter of
Credit” shall mean any letter of credit issued hereunder and shall include the Existing Commercial Letters of Credit. A Letter of Credit may be a Commercial Letter of Credit or a Standby Letter of Credit. 
 “Letter of Credit Application” shall mean an application and agreement (including any master letter of credit agreement) for the
issuance or amendment of a letter of credit in the form from time to time in use by the L/C Issuer. The Letter of Credit Application may be in the form of a written application and agreement or may be submitted by Borrower using the CEO and
following the procedures and standards Lender and/or L/C Issuer may from time to time establish for the use of the CEO. 
 “Letter of
Credit Expiration Date” shall mean the day that is thirty days prior to the Revolving Loan Maturity Date (or, if such day is not a Business Day, the next preceding Business Day). 
 “Leverage Ratio” means, as at any date of determination, for the twelve month period ending on such date, the ratio of (i) the sum
of Total Funded Debt plus four times the Rental Expenses before any reduction for amortization of tenant improvements to (ii) EBITDAR for such period. 
 “LIBOR Loan” shall mean, at any time, a Revolving Loan which then bears interest as provided in clause (ii) of Section 2.1(c). 
 “LIBOR Rate” shall mean, with respect to any Interest Period for the LIBOR Loans in any Revolving Loan Borrowing consisting of LIBOR
Loans, a rate per annum equal to the quotient (rounded upward if necessary to the nearest 1/16 of one percent) of (a) the rate per annum for Dollar deposits quoted by Lender as of 10:00 a.m. on each Business Day as the Inter-Bank
Market Offered Rate for the applicable Interest Period divided by (b) one (1) minus the Reserve Requirement for such Loans in effect from time to time, with the understanding that such rate is the rate quoted by Lender for the
purpose of calculating effective rates of interest for the loans making reference thereto, for the delivery of funds on such Business Day for a period of time equal to the applicable Interest Period and in an amount approximately equal to the
principal amount of the applicable LIBOR Loan. Borrower understands and agrees that Lender may base its quotation on the Inter-Bank Market Offered Rate upon such offers or other market indicators of the Inter-Bank Market as Lender in its discretion
deems appropriate including, but not limited to, the rate offered for Dollar deposits on the London interbank market and that the rate is evidenced by the recording thereof after its announcement within Lender. 
  

 10 

 “Lien” shall mean, with respect to any property, any security interest, mortgage,
pledge, lien, charge or other encumbrance in, of or on such property or the income therefrom including the interest of a vendor or lessor under a conditional sale agreement, Capital Lease or other title retention agreement, or any agreement to
provide any of the foregoing, and the filing of any financing statement or similar instrument under the Uniform Commercial Code or comparable law of any jurisdiction. 
 “Loan” shall mean a Revolving Loan, including a Sweep Loan. 
 “Loan
Account” shall have the meaning given to that term in Section 2.8(a). 
 “Loan Parties” shall mean,
collectively, the Borrower and the Guarantors. 
 “Margin Stock” shall have the meaning given to that term in Regulation U
issued by the Federal Reserve Board. 
 “Material Adverse Effect” shall mean any event or circumstance that has or could
reasonably be expected to have a material adverse effect on (a) the business, operations, condition (financial or otherwise), prospects, liabilities or capitalization of the Borrower or of the Loan Parties, taken as a whole; (b) the
ability of the Borrower to pay or perform the Obligations in accordance with the terms of this Agreement and the other Credit Documents or the ability of any Guarantor to pay any portion of its obligations in accordance with the terms of its
Guaranty; (c) the rights and remedies of Lender under this Agreement, the other Credit Documents or any related document, instrument or agreement or (d) the validity or enforceability of any of the Credit Documents. 
 “Material Subsidiary” shall mean any Subsidiary who has $100,000 or more in assets. 
 “Maturity” or “maturity” shall mean, with respect to any Loan, interest, fee or other amount payable by the Borrower
under this Agreement or the other Credit Documents, the date such Loan, interest, fee or other amount becomes due, whether upon the stated maturity or due date, upon acceleration or otherwise. 
 “Multiemployer Plan” shall mean any multiemployer plan within the meaning of section 3(37) of ERISA. 
 “Negative Pledge” shall mean any covenant binding on the Borrower or any Guarantor that prohibits the creation of Liens on any of its
assets or property. 
 “Net Income” shall mean with respect to any fiscal period, the net income of the Loan Parties
determined in accordance with GAAP, consistently applied. 
 “Net Proceeds” shall mean, with respect to any sale or issuance
of any Indebtedness, the aggregate consideration received by such Person from such sale or issuance less the sum of the actual amount of the reasonable fees and commissions payable to Persons other than such Person or any Affiliate of such
Person, the reasonable legal expenses and the other reasonable costs and expenses directly related to such sale or issuance that are to be paid by such Person. 
  

 11 

 “Net Worth” shall mean, as at any date of determination, stockholders’ equity of
the Loan Parties on such date (determined on a consolidated basis without duplication in accordance with GAAP). 
 “Note”
shall mean the Revolving Loan Note. 
 “Notice of Borrowing” shall mean, as applicable: (a) a Notice of LIBOR Loan
Borrowing; (b) Borrower’s use of the CEO to request a Base Rate Loan, a LIBOR Loan, a Prime Rate Loan or an L/C Credit Extension; or (c) Borrower’s written or telephonic request for a Base Rate Loan or a Prime Rate Loan.

 “Notice of LIBOR Loan Borrowing” shall have the meaning given to that term in Section 2.1(b). 
 “Notice of Revolving Loan Conversion” shall have the meaning given to that term in Section 2.1(d). 
 “Notice of Revolving Loan Interest Period Selection” shall have the meaning given to that term in Section 2.1(e).

 “Obligations” shall mean and include all loans, advances, debts, liabilities and obligations, howsoever arising, owed by
the Borrower to the Lender of every kind and description (whether or not evidenced by any note or instrument and whether or not for the payment of money), direct or indirect, absolute or contingent, due or to become due, now existing or hereafter
arising pursuant to the terms of this Agreement or any of the other Credit Documents, including all Revolving Loans, Letters of Credit, interest (including interest that accrues after the commencement of any bankruptcy or other insolvency proceeding
by or against the Borrower), fees, charges, expenses, attorneys’ fees and accountants’ fees chargeable to and payable by the Borrower hereunder and thereunder. 
 “Operating Leases” shall mean any lease of property (whether real, personal or mixed) for a period of longer than one year by a Person under which such Person is lessee, other than a Capital Lease.

 “Permitted Indebtedness” shall have the meaning given to that term in Section 5.2(a). 
 “Permitted Liens” shall have the meaning given to that term in Section 5.2(b). 
 “Person” shall mean and include an individual, a partnership, a corporation (including a business trust), a joint stock company, an
unincorporated association, a limited liability company, a Joint Venture, a trust or other entity or a Governmental Authority. 
  

 12 

 “Pricing Grid” shall mean: 
 Pricing Grid 
 (rates are expressed in basis points per
annum) 
 (One basis point equals .01%) 
  

											
	 Tier
	  	 Leverage Ratio
	  	Applicable
Margin for
LIBOR Loans
(bps)	  	Applicable
Margin for Base
Rate Loans
(including
Sweep Loans)
(bps)	  	Applicable
Margin
for Prime
Rate Loans
(bps)	  	Unused
Commitment
Fee Percentage
(bps)
	 1
	  	< 1.50:1	  	70.0	  	70.0	  	0	  	10.0
	 2
	  	3 1.50, < 2.00	  	100.0	  	100.0	  	0	  	12.5
	 3
	  	3 2.00, < 2.50	  	125.0	  	125.0	  	0	  	15.0
	 4
	  	3 2.50	  	150.0	  	150.0	  	0	  	17.5

 From the Closing Date through and including April 28, 2007, the Applicable Margin and Unused
Commitment Fee shall be those set forth in Tier 1. From and after April 29, 2007, any increase or decrease in the Applicable Margin resulting from a change in the Leverage Ratio shall become effective as of the first day of the month after the
Compliance Certificate has been timely delivered pursuant to Section 5.1(a) hereof; provided, however, that if the Compliance Certificate is not timely delivered for a Fiscal Quarter in accordance with such Section, then
Tier 4 shall apply as of the first day of the month after it was due. 
 “Prime Rate” shall mean the per annum rate
at any time the rate of interest most recently announced within Lender as its Prime Rate, with the understanding that Lender’s Prime Rate is one of its base rates and serves as the basis upon which effective rates of interest are calculated for
those loans making reference thereto, and is evidenced by the recording thereof after its announcement within Lender. The Prime Rate shall be adjusted automatically as to all Prime Rate Loans then outstanding as of the effective date of any change
in the Prime Rate. 
 “Prime Rate Loans” means, at any time, a Revolving Loan which bears interest as provided in clause
(iii) of Section 2.1(c). 
 “Rental Expense” means, for any period, the sum of (a) all rental payments under
real property leases (including base rent, percentage rent, common area payments and real estate taxes) less amortization of tenant improvements for such period plus (b) all rent payments under equipment operating leases for such period.

 “Requirement of Law” applicable to any Person shall mean (a) the Articles or Certificate of Incorporation and
By-laws, Partnership Agreement or other organizational or governing documents of such Person, (b) any Governmental Rule applicable to such Person, (c) any Governmental Authorization granted by any Governmental Authority to or for the
benefit of such Person or (d) any judgment, decision or determination of any Governmental Authority or arbitrator, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is
subject. 
  

 13 

 “Reserve Requirement” shall mean, with respect to any day in an Interest Period for a
LIBOR Loan, or on any day with respect to a Base Rate Loan, the aggregate of the maximum of the reserve requirement rates (expressed as a decimal) in effect on such day for eurocurrency funding (currently referred to as “Eurocurrency
liabilities” in Regulation D of the Federal Reserve Board) maintained by a member bank of the Federal Reserve System. As used herein, the term “Reserve Requirement” shall include any basic, supplemental or emergency reserve
requirements imposed on the Lender by any Governmental Authority. 
 “Responsible Officer” shall mean the chief executive
officer, president, chief financial officer, vice president of finance, treasurer, assistant treasurer or controller of a Loan Party. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively
presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. 
 “Revolving Loan” shall have the meaning given to that term in Section 2.1(a) and shall include Sweep Loans. 
 “Revolving Loan Borrowing” shall mean a borrowing by the Borrower consisting of the Revolving Loans made by the Lender on the same date
and of the same Type. 
 “Revolving Loan Maturity Date” shall mean the earlier to occur of (i) January 28, 2012,
and (ii) the date on which the Total Commitment or Lender’s other obligations have been terminated pursuant to Section 6.2 hereof. 
 “Revolving Loan Note” shall have the meaning given to that term in Section 2.8(b). 
 “Sale and Leaseback” means, with respect to any Person, the sale of property owned by that Person (the “Seller”) to another Person (the “Buyer”), together with the substantially concurrent
leasing of such property by the Buyer to the Seller. 
 “Solvent” shall mean, with respect to any Person on any date, that
on such date (a) the fair value of the property of such Person is greater than the fair value of the liabilities (including contingent, subordinated, matured and unliquidated liabilities) of such Person, (b) the present fair saleable value
of the assets of such Person is greater than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will,
incur debts or liabilities beyond such Person’s ability to pay as such debts and liabilities mature and (d) such Person is not engaged in or about to engage in business or transactions for which such Person’s property would constitute
an unreasonably small capital. 
 “Standby Letter of Credit” means any of the standby letters of credit issued by the L/C
Issuer under this Agreement, either as originally issued or as the same may be supplemented, modified, amended, extended, restated or supplanted. 
 “Subsidiary” of any Person shall mean (a) any corporation of which more than 50% of the issued and outstanding Equity Securities 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 

  

 14 

 
other class or classes of such corporation shall or might have voting power upon the occurrence of any contingency) is at the time directly or indirectly
owned or controlled by such Person, by such Person and one or more of its other Subsidiaries or by one or more of such Person’s other Subsidiaries, (b) any partnership, Joint Venture, limited liability company or other association of which
more than 50% of the equity interest having the power to vote, direct or control the management of such partnership, Joint Venture or other association is at the time owned and controlled by such Person, by such Person and one or more of the other
Subsidiaries or by one or more of such Person’s other Subsidiaries or (c) any other Person included in the Financial Statements of such Person on a consolidated basis. Unless otherwise indicated in this Agreement, “Subsidiary”
shall mean a Subsidiary of the Loan Parties. 
 “Surety Instruments” shall mean all letters of credit (including standby and
commercial), banker’s acceptances, bank guaranties, shipside bonds, surety bonds and similar instruments. 
 “Swap
Agreement” means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments
or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for
payments only on account of services provided by current or former directors, officers, employees or consultants of the Borrower or the Subsidiaries shall be a Swap Agreement. 
 “Sweep Loan” shall have the meaning given to that term in Section 2.3. 
 “Syndication Party” has the meaning set forth in Section 2.4(b). 
 “Synthetic Lease” shall mean each arrangement, however described, under which the obligor accounts for its interest in the property
covered thereby under GAAP as lessee of a lease which is not a capital lease and accounts for its interest in the property covered thereby for Federal income tax purposes as the owner. 
 “Synthetic Lease Interest Component” shall mean, with respect to any Person for any period, the portion of rent paid or payable (without
duplication) for such period under Synthetic Leases of such Person that would be treated as interest in accordance with Financial Accounting Standards Board Statement No. 13 if such Synthetic Leases were treated as capital leases under GAAP.

 “Synthetic Lease Obligation” shall mean, as to any Person with respect to any Synthetic Lease at any time of
determination, the amount of the liability of such Person in respect of such Synthetic Lease that would (if such lease was required to be classified and accounted for as a capital lease on a balance sheet of such Person in accordance with GAAP) be
required to be capitalized on the balance sheet of such Person at such time. 
 “Synthetic Lease Principal Component” shall
mean, with respect to any Person for any period, the portion of rent (exclusive of the Synthetic Lease Interest Component) paid or payable (without duplication) for such period under Synthetic Leases of such Person that would be 

  

 15 

 
treated as principal in accordance with Financial Accounting Standards Board Statement No. 13 if such Synthetic Leases were treated as capital leases
under GAAP. 
 “Taxes” shall have the meaning given to such term in Section 2.12(a). 
 “Total Commitment” shall mean, at any time, Sixty Million Dollars ($60,000,000), or, if such amount is reduced or increased pursuant to
Section 2.4, the amount to which so reduced or increased and in effect at such time. 
 “Total Commitment
Increase” has the meaning set forth in Section 2.4(b). 
 “Total Funded Debt” shall mean all
Indebtedness of the Loan Parties on a consolidated basis. 
 “Trade Bank” shall mean Wells Fargo HSBC Trade Bank, National
Association. 
 “Type” shall mean, with respect to any Loan or Borrowing at any time, the classification of such Loan or
Borrowing by the type of interest rate it then bears, whether an interest rate based upon the Base Rate, the LIBOR Rate or the Prime Rate. In the event Borrower does not designate the type of interest rate for a Borrowing, it shall be a Base Rate
Loan and all Sweep Loans shall be Base Rate Loans. 
 “UCP” has the meaning set forth in Section 2.2(h).

 “Unreimbursed Amount” has the meaning set forth in Section 2.2(c)(i). 
 “Unused Commitment Fee Percentage” shall mean the per annum percentage which is used to calculate the Unused Commitment Fee. The Unused
Commitment Fee Percentage shall be determined as provided in the Pricing Grid and may change for each Fiscal Quarter. 
 “Unused
Commitment Fee Period” shall have the meaning given to that term in Section 2.5(b). 
 “Unused Commitment
Fees” shall have the meaning given to that term in Section 2.5(b). 
 “Wells Fargo” shall have the meaning
given to that term in the introductory paragraph hereof. 
 1.2 GAAP. Unless otherwise indicated in this Agreement or any other Credit
Document, all accounting terms used in this Agreement or any other Credit Document shall be construed, and all accounting and financial computations hereunder or thereunder shall be computed, in accordance with GAAP. That certain terms or
computations are explicitly modified by the phrase “in accordance with GAAP” shall in no way limit the foregoing. If GAAP changes during the term of this Agreement such that any covenants contained herein would then be calculated in a
different manner or with different components, other than changes in GAAP that require items to be included in the definition of Indebtedness that were not so required before such change, the Borrower and the Lender agree to negotiate in good faith
to amend this Agreement in such respects as are necessary to conform those covenants as criteria 

  

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for evaluating the Borrower’s financial condition to substantially the same criteria as were effective prior to such change in GAAP; provided,
however, that, until the Borrower and Lender so amend this Agreement, all such covenants shall be calculated in accordance with GAAP as in effect immediately prior to such change. 
 1.3 Headings. The table of contents, captions and section headings appearing in this Agreement are included solely for convenience of reference
and are not intended to affect the interpretation of any provision of this Agreement. 
 1.4 Plural Terms. All terms defined in this
Agreement or any other Credit Document in the singular form shall have comparable meanings when used in the plural form and vice versa. 
 1.5 Time. All references in this Agreement and each of the other Credit Documents to a time of day shall mean Boise, Idaho time, unless otherwise indicated. 
 1.6 Governing Law. Unless otherwise expressly provided in any Credit Document, this Agreement and each of the other Credit Documents shall be
governed by and construed in accordance with the laws of the State of Idaho without reference to conflicts of law rules. The scope of the foregoing governing law provision is intended to be all-encompassing of any and all disputes that may be
brought in any court or any mediation or arbitration proceeding and that relate to the subject matter of the Credit Documents, including contract claims, tort claims, breach of duty claims and all other common law and statutory claims. 

1.7 Construction. This Agreement is the result of negotiations among, and has been reviewed by, the Borrower, the Lender, and their respective
counsel. Accordingly, this Agreement shall be deemed to be the product of all parties hereto, and no ambiguity shall be construed in favor of or against the Borrower or the Lender. 
 1.8 Entire Agreement. This Agreement and each of the other Credit Documents, taken together, constitute and contain the entire agreement of the
Borrower and the Lender relating to the subject matter hereof and thereof and supersede any and all prior agreements, negotiations, correspondence, understandings and communications among the parties, whether written or oral, respecting the subject
matter hereof and thereof (including the Summary of Proposed Terms and Conditions). 
 1.9 Calculation of Interest and Fees. All
calculations of interest and fees under this Agreement and the other Credit Documents for any period (a) shall include the first day of such period and exclude the last day of such period and (b) shall be calculated on the basis of a year
of 360 days for actual days elapsed. 
 1.10 References. 
 (a) References in this Agreement to “Recitals,” “Sections,” “Paragraphs,” “Exhibits” and “Schedules”
are to recitals, sections, paragraphs, exhibits and schedules herein and hereto unless otherwise indicated. 
  

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 (b) References in this Agreement or any other Credit Document to any document, instrument or agreement
(i) shall include all exhibits, schedules and other attachments thereto, (ii) shall include all documents, instruments or agreements issued or executed in replacement thereof if such replacement is permitted hereby, and (iii) shall
mean such document, instrument or agreement, or replacement or predecessor thereto, as amended, modified and supplemented from time to time and in effect at any given time if such amendment, modification or supplement is permitted hereby.

 (c) References in this Agreement or any other Credit Document to any Governmental Rule (i) shall include any successor Governmental
Rule, (ii) shall include all rules and regulations promulgated under such Governmental Rule (or any successor Governmental Rule), and (iii) shall mean such Governmental Rule (or successor Governmental Rule) and such rules and regulations,
as amended, modified, codified or reenacted from time to time and in effect at any given time. 
 (d) References in this Agreement or any
other Credit Document to any Person in a particular capacity (i) shall include any successors to and permitted assigns of such Person in that capacity and (ii) shall exclude such Person individually or in any other capacity. 
 1.11 Other Interpretive Provisions. The words “hereof,” “herein” and “hereunder” and words of similar import when
used in this Agreement or any other Credit Document shall refer to this Agreement or such other Credit Document, as the case may be, as a whole and not to any particular provision of this Agreement or such other Credit Document, as the case may be.
The words “include” and “including” and words of similar import when used in this Agreement or any other Credit Document shall not be construed to be limiting or exclusive. In the event of any inconsistency between the terms of
this Agreement and the terms of any other Credit Document, the terms of this Agreement shall govern. 
 1.12 Rounding. Any financial
ratios required to be maintained by the Borrower pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is
expressed in this Agreement and rounding the result up or down to the nearest number (with a round-up if there is no nearest number) to the number of places by which such ratio is expressed in this Agreement. 
 SECTION II. CREDIT FACILITIES. 
 2.1 Revolving Loan
Facility. 
 (a) Revolving Loan Availability. On the terms and subject to the conditions of this Agreement, Lender agrees to
advance to the Borrower from time to time during the period from the Closing Date up to, but not including, the Revolving Loan Maturity Date such loans in Dollars as the Borrower may request under this Section 2.1 or which are made under
Section 2.3 (individually, a “Revolving Loan”); provided, however, that the sum of (i) the Effective Amount of all Revolving Loans made by Lender at any time outstanding and (ii) the Effective Amount of
all L/C Obligations at such time outstanding shall not exceed the Total Commitment at such 

  

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time. Except as otherwise provided herein, the Borrower may borrow, repay and reborrow Revolving Loans until the Revolving Loan Maturity Date. 
 (b) Revolving Loan Borrowing Procedure. 
 (i) Base Rate Loans. Except for Sweep Loans (as provided in Section 2.3 hereof), Borrower shall request Base Rate Loans not later than 1:00 p.m. on a Business Day upon written or, at the sole
discretion of Lender, telephonic instructions received by Lender from any Person purporting to be a Responsible Officer of Borrower or purporting to be such other Person as Borrower may from time to time designate as having authority to request Base
Rate Loans in writing to Lender. Borrower may also request Base Rate Loans by using the CEO and following such procedures and standards as Lender shall from time to time establish for the use of the CEO. Upon receipt of such instructions or request,
the fulfillment of the conditions set forth in Section 3.2 and Borrower’s compliance with Section 2.1(a), Lender shall make a Base Rate Loan to Borrower by crediting the amount thereof to the Concentration Account.
Borrower agrees that Lender is permitting telephonic and CEO requests for Base Rate Loans at Borrower’s request and Lender shall have no liability in acting upon a telephonic or CEO request that it believes has been made by an authorized
Person. 
 (ii) LIBOR Loans. Borrower shall request a LIBOR Loan by either: (A) using the CEO and following such
procedures and standards as Lender shall from time to time establish for the use of the CEO or (B) delivering a written notice in the form of Exhibit A, appropriately completed (a “Notice of LIBOR Loan Borrowing”). Irrespective of
whether the request for a LIBOR Loan is made by either using the CEO or a Notice of LIBOR Loan Borrowing, Borrow shall specify: 
 (A) The principal amount of the requested Revolving Loan Borrowing, which shall be in the amount of $1,000,000 or an integral multiple of $500,000 in excess thereof. 
 (B) That the requested Revolving Loan Borrowing will be a LIBOR Loan; 
 (C) The initial Interest Periods selected by the Borrower for such LIBOR Loans in accordance with Section 2.1(e); 

(D) The date of the requested LIBOR Loan, which shall be a Business Day; and 
 (E) Each Notice of LIBOR Loan Borrowing shall be signed by a Responsible Officer of Borrower. 
 The Borrower shall make a request for a LIBOR Loan by using the CEO or, as applicable, a Notice of LIBOR Loan to Lender not later than 9:00 a.m. at least
three (3) Business Days before the date of the requested LIBOR Loan. Each Notice of LIBOR Loan Borrowing shall be delivered to Lender by facsimile or by e-mail by a Responsible Officer of the Borrower or by any other Person as 

  

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Borrower may designate in writing from time to time to Lender’s facsimile number or e-mail address and during the hours specified in
Section 8.1; provided, however, that in the case of delivery by email, the Borrower shall promptly, and in any event within twenty-four hours after such email delivery, deliver to Lender a facsimile of such Notice of LIBOR
Loan Borrowing executed by the Responsible Officer of the Borrower who sent the e-mail Notice of LIBOR Loan Borrowing; provided, however, Borrower’s failure to deliver a facsimile of such notice of Revolving Loan Borrowing shall
not effect the validity, enforceability, conclusiveness or binding effect on Borrower of the e-mail notification. 
 Each request for a LIBOR
Loan made either by using the CEO or by delivering a Notice of LIBOR Loan Borrowing to Lender shall be irrevocable. Upon receipt of a request for a LIBOR Loan either through the use of the CEO or the delivery of a Notice of LIBOR Loan Borrowing, the
fulfillment of the conditions set forth in Section 3.2 and Borrower’s compliance with Section 2.1(a), Lender shall make the LIBOR Loan to Borrower by crediting the amount thereof to the Concentration Account. Borrower
agrees that Lender is permitting CEO requests for LIBOR Loans at Borrower’s request and Lender shall have no liability in acting upon a CEO request that it believes has been made by an authorized Person. 
 (iii) Prime Rate Loans. Borrower shall request Prime Rate Loans not later than 1:00 p.m. on a Business Day upon written or, at the
sole discretion of Lender, telephonic instructions received by Lender from any Person purporting to be a Responsible Officer of Borrower or purporting to be such other Person as Borrower may from time to time designate as having authority to request
Prime Rate Loans in writing to Lender. Borrower may also request Prime Rate Loans by using the CEO and following such procedures and standards as Lender shall from time to time establish for the use of the CEO. Upon receipt of such instructions or
request, the fulfillment of the conditions set forth in Section 3.2 and Borrower’s compliance with Section 2.1(a). Lender shall make a Prime Rate Loan to Borrower by crediting the amount thereof to the Concentration
Account. Borrower agrees that Lender is permitting telephonic and CEO requests for Prime Rate Loans at Borrower’s request and Lender shall have no liability in acting upon a telephonic or CEO request that it believes has been made by an
authorized Person. 
 (c) Revolving Loan Interest Rates. Subject to Section 2.7(c), the Borrower shall pay interest on the
unpaid principal amount of each Revolving Loan from the date of such Revolving Loan until paid in full, at one of the following rates per annum: 
 (i) During such periods as such Revolving Loan is a Base Rate Loan (and Base Rate Loans include Sweep Loans), at a rate per annum equal to the Base Rate plus the Applicable Margin therefor, such rate to change
from time to time as the Applicable Margin or Base Rate shall change; provided, however, in the event Lender provides Borrower a notice(s) pursuant to Sections 2.11(a) and/or 2.11(b) and Lender reasonably determines that the Base Rate
plus the Applicable Margin should not be used as the interest rate for Base Rate Loans, then, in that event, the interest on the unpaid principal 

  

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balance of a Base Rate Loan shall be at a rate per annum equal to the Alternative Rate, as such rate may change from time to time; 
 (ii) During such periods as such Revolving Loan is a LIBOR Loan, at a rate per annum equal at all times during each Interest Period
for such LIBOR Loan to the LIBOR Rate for such Interest Period plus the Applicable Margin therefor, such rate to change from time to time during such Interest Period as the Applicable Margin shall change; and 
 (iii) During such periods as such Revolving Loan is a Prime Rate Loan, at a rate per annum equal to the Prime Rate plus the
Applicable Margin therefor, such rate to change from time to time as the Applicable Margin or Prime Rate shall change. 
 All
Revolving Loans in each Revolving Loan Borrowing shall, at any given time prior to maturity, bear interest at one, and only one, of the above rates. The number of Revolving Loan Borrowings consisting of LIBOR Loans shall not exceed six (6) at
any time. 
 (d) Conversion of Revolving Loans. Subject to Section 2.13, the Borrower may convert any Revolving Loan
Borrowing from one Type of Revolving Loan Borrowing to the other Type; provided, however, that no Base Rate Loan or Prime Rate Loan may be converted into a LIBOR Loan after the occurrence and during the continuance of an Event of
Default and provided, further, that any conversion of a LIBOR Loan on any day other than the last day of the Interest Period therefor shall be subject to the payments required under Section 2.13. The Borrower shall request
such a conversion by an irrevocable written notice to Lender in the form of Exhibit B, appropriately completed (a “Notice of Revolving Loan Conversion”), which specifies, among other things: 
 (i) The Revolving Loan Borrowing which is to be converted; 
 (ii) The Type of Revolving Loan Borrowing into which such Revolving Loan Borrowing is to be converted; 
 (iii) If such Revolving Loan Borrowing is to be converted into a Revolving Loan Borrowing consisting of LIBOR Loans, the initial Interest
Period selected by the Borrower for such LIBOR Loans in accordance with Section 2.1(e); and 
 (iv) The date of
the requested conversion, which shall be a Business Day. 
 (v) The Borrower shall give each Notice of Revolving Loan
Conversion to Lender not later than 9:00 a.m. at least three (3) Business Days before the date of the requested conversion. Each Notice of Revolving Loan Conversion shall be delivered to Lender by facsimile or by e-mail by a Responsible Officer
of the Borrower or by any other Person as Borrower may designate in writing from time to time to Lender’s facsimile number or e-mail address and during the hours specified in Section 8.1; provided, however, that in the
case of delivery by email, the Borrower shall promptly, and in any event within twenty-four hours after such email delivery, deliver to Lender a facsimile of such Notice of Revolving Loan Conversion executed by the Responsible 

  

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Officer of the Borrower who sent the email Notice of Revolving Loan Conversion; provided, further, that Borrower’s failure to deliver a
facsimile of such Notice of Revolving Loan Conversion shall not affect the validity, enforceability, conclusiveness, or binding affect on Borrower of the e-mail notification. 
 (e) LIBOR Loan Interest Periods. 
 (i) The initial and each subsequent Interest Period selected by the Borrower for a Revolving Loan Borrowing consisting of LIBOR Loans shall be one (1), two (2), three (3), six (6) or nine (9) months or one
(1) year; provided, however, that (A) any Interest Period which would otherwise end on a day which is not a Business Day shall be extended to the next succeeding Business Day unless such next Business Day falls in another
calendar month, in which case such Interest Period shall end on the immediately preceding Business Day; (B) any Interest Period which begins on the last Business Day of a calendar month (or on a day for which there is no numerically
corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month; and (C) no Interest Period shall end after the Revolving Loan Maturity Date. 
 (ii) The Borrower shall notify Lender by an irrevocable written notice in the form of Exhibit C, appropriately completed (a
“Notice of Revolving Loan Interest Period Selection”), not later than 9:00 a.m. at least three (3) Business Days prior to the last day of each Interest Period for a Revolving Loan Borrowing consisting of LIBOR Loans of the
Interest Period selected by the Borrower for the next succeeding Interest Period for such LIBOR Loans; provided, however, that no LIBOR Loan shall be continued for an additional Interest Period after the occurrence and during the
continuance of an Event of Default. Each Notice of Revolving Loan Interest Period Selection shall be delivered by facsimile or by email by a Responsible Officer of the Borrower to Lender to the facsimile number or email address and during the hours
specified in Section 8.1; provided, however, that in the case of delivery by email, the Borrower shall promptly, and in any event within twenty-four hours after such email delivery, deliver to Lender a facsimile of such
Notice of Revolving Loan Interest Period Selection executed by the Responsible Officer of the Borrower who sent the email Notice of Revolving Loan Interest Period Selection; provided, however, Borrower’s failure to deliver a
facsimile of such Notice of Revolving Loan Interest Period Selection shall not affect the validity, enforceability, conclusiveness, or binding affect on Borrower of the e-mail notification. If (A) the Borrower fails to notify Lender of the next
Interest Period for a Revolving Loan Borrowing consisting of LIBOR Loans in accordance with this Section 2.1(e) or (B) an Event of Default has occurred and is continuing on the last date of an Interest Period for any LIBOR Loan,
such LIBOR Loan(s) shall automatically convert to Base Rate Loan(s) on the last day of the current Interest Period therefor. 
 (f)
Scheduled Revolving Loan Payments. The Borrower shall repay the principal amount of all then-outstanding Revolving Loans on the Revolving Loan Maturity Date. The Borrower shall pay accrued interest on the unpaid principal amount of each
Revolving Loan in arrears (i) in the case of a Base Rate Loan and/or a Prime Rate Loan, on the last Business Day of each April, July, October, and January (ii) in the case of a LIBOR Loan, on the last day of each 

  

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Interest Period applicable to such Revolving Loan (and, if the Interest Period for such LIBOR Loan is six (6) months or longer, on the date that falls
three (3) months after the beginning of such Interest Period and each three months thereafter); and (iii) in the case of all Revolving Loans, upon prepayment (to the extent thereof) and at maturity. All interest that is not paid when due
shall be due upon demand. 
 (g) Purpose. The Borrower shall use the proceeds of the Revolving Loans (i) to refinance certain
existing Indebtedness of the Borrower, (ii) to pay fees and expenses incurred by the Borrower in connection with the transactions contemplated hereby, (iii) to provide for working capital and other general corporate purposes of the
Borrower and its Subsidiaries, (iv) to make Capital Expenditures and (v) to make future acquisitions as permitted hereunder. 
 2.2
Letters of Credit. 
 (a) The Letter of Credit Commitment. 
 (i) On the terms and subject to the conditions set forth herein, the L/C Issuer agrees (1) from time to time on any Business Day
during the period from the Closing Date until the Letter of Credit Expiration Date, to issue Letters of Credit in Dollars for the account of the Borrower, and to amend or, in the case of Standby Letters of Credit, renew Letters of Credit previously
issued by it, in accordance with subsection (b) below, and (2) to honor drafts under the Letters of Credit; provided that the L/C Issuer shall not be obligated to make any L/C Credit Extension with respect to any Letter of Credit if
as of the date of such L/C Credit Extension, and after giving effect thereto, the sum of (A) the Effective Amount of all Revolving Loans at any time outstanding and (B) the Effective Amount of all L/C Obligations at such time outstanding
exceeds or would exceed the Total Commitment at such time. Within the foregoing limits, and on the terms and subject to the conditions hereof, the Borrower’s ability to obtain Letters of Credit shall be fully revolving, and accordingly the
Borrower may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and reimbursed. All Existing Commercial Letters of Credit shall be deemed to have been issued pursuant
hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof. 
 (ii)
Notwithstanding the L/C Issuer’s agreements in Section 2.2(a)(i), the L/C Issuer need not issue any Letter of Credit if: 
 (A) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain the L/C Issuer from issuing such Letter of Credit, or any Requirement of Law applicable to
the L/C Issuer or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over the L/C Issuer shall prohibit, or request that the L/C Issuer refrain from, the issuance of letters of credit
generally or such Letter of Credit in particular or shall impose upon the L/C Issuer with respect to such Letter of Credit any restriction, reserve or capital requirement (for which the L/C Issuer is not otherwise compensated hereunder) not in
effect on the Closing Date, or shall impose upon the L/C Issuer any unreimbursed loss, 

  

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cost or expense which was not applicable on the Closing Date and which the L/C Issuer in good faith deems material to it; 
 (B) the expiry date of such requested Letter of Credit would occur after the Letter of Credit Expiration Date, unless either (I) the
Lender has approved such expiry date or (II) the Borrower has Cash Collateralized the Obligations in an amount equal to one hundred three percent (103%) of the then Effective Amount of such requested Letter of Credit, provided,
however, that in any event, no Letter of Credit shall be issued or renewed if the expiry date of such Letter of Credit would occur more than two hundred forty (240) days after the Letter of Credit Expiration Date. 
 (C) the issuance of such Letter of Credit would violate the terms or conditions of any Letter of Credit Application entered into by the
L/C Issuer and the Borrower; 
 (D) such Letter of Credit is in a face amount less than $100,000 in the case of a Standby
Letter of Credit or denominated in a currency other than Dollars; 
 (E) such Letter of Credit is in violation of the UCP or
other applicable law; or 
 (F) the expiry date of such Letter of Credit would occur (I) more than two hundred ten
(210) days after it is issued for Commercial Letters of Credit and (II) more than three hundred sixty five (365) days after it is issued for Standby Letters of Credit. 
 (iii) The L/C Issuer shall be under no obligation to amend any Letter of Credit if (A) the L/C Issuer would have no obligation at
such time to issue such Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of Credit. 
 (b) Procedures for Issuance and Amendment of Letters of Credit. 
 (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to the L/C Issuer in
the form of a Letter of Credit Application, appropriately completed and, when the CEO is not used, signed by a Responsible Officer of the Borrower. Such Letter of Credit Application must be received by the L/C Issuer not later than 9:00 a.m., at
least two (2) Business Days (or such later date and time as the L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as the case may be. In the case of a request for an
initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which date shall be a Business Day);
(B) the amount thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the documents to be presented by such beneficiary in case of any drawing thereunder; (F) the full text of any
certificate to be presented by such beneficiary in case 

  

 24 

 
of any drawing thereunder; and (G) such other matters as the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter
of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the L/C Issuer (A) the Letter of Credit to be amended; (B) the proposed date of amendment thereof (which date shall be a Business Day);
(C) the nature of the proposed amendment; and (D) such other matters as the L/C Issuer may require. Borrower acknowledges that Lender and/or L/C Issuer are permitting Letter of Credit Applications to be submitted through the use of the CEO
at Borrower’s request and Lender and/or L/C Issuer shall have no liability in acting upon a CEO request that it believes has been made by an authorized Person. 
 (ii) Upon receipt of any Letter of Credit Application and the L/C Issuer’s confirmation that the requested issuance or amendment is
permitted in accordance with the terms hereof, then, subject to the terms and conditions hereof, the L/C Issuer shall, on the requested date, issue a Letter of Credit for the account of the Borrower or enter into the applicable amendment, as the
case may be, in each case in accordance with the L/C Issuer’s usual and customary business practices. 
 (iii)
[Intentionally omitted.] 
 (iv) Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to
an advising bank with respect thereto or to the beneficiary thereof, the L/C Issuer will also deliver to the Borrower a true and complete copy of such Letter of Credit or amendment. 
 (c) Drawings and Reimbursements. 
 (i) Upon any drawing under any Letter of Credit, the L/C Issuer shall notify the Borrower of the amount to be paid by the L/C Issuer as a result of such drawing and the date on which payment is to be made by the L/C
Issuer to the beneficiary of such Letter of Credit in respect of such drawing; provided, however, that in the case of Commercial Letters of Credit, subsequent notification by routine methods shall be deemed sufficient notice. Not later
than 9:00 a.m., on the date of any payment by the L/C Issuer under a Letter of Credit (each such date, an “Honor Date”) (or such later date and time as the L/C Issuer may agree in a particular instance in its sole discretion), the Borrower
shall reimburse the L/C Issuer in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse the L/C Issuer by such time (the “Unreimbursed Amount”), the Borrower shall be deemed to have requested a Revolving Loan
Borrowing of Base Rate Loans to be disbursed to the L/C Issuer on the Honor Date in an amount equal to the Unreimbursed Amount, but subject to the amount of the unutilized portion of the Total Commitment and the conditions set forth in
Section 3.2. Any notice given by the L/C Issuer pursuant to this Section 2.2(c)(i) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not
affect the conclusiveness or binding effect of such notice. 
 (ii) [Intentionally omitted.] 
  

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 (iii) With respect to any Unreimbursed Amount that is not fully refinanced by a Revolving
Loan Borrowing because the conditions set forth in Section 3.2 cannot be satisfied or for any other reason, the L/C Borrowing resulting from the honoring of a drawing under a Letter of Credit that is not so refinanced shall be due and
payable on demand (together with interest) and shall bear interest at the rate applicable to Base Rate Loans upon the occurrence and during the continuance of an Event of Default. 
 (d) [Intentionally omitted.] 
 (e)
Obligations Absolute. The obligation of the Borrower to reimburse the L/C Issuer for each drawing under each Letter of Credit, and to repay each L/C Borrowing and each drawing under a Letter of Credit that is refinanced by a Borrowing of
Revolving Loans, shall be absolute, unconditional and irrevocable, and shall be paid in accordance with the terms of the Letter of Credit Application, including the commercial letter of credit agreements, standby letter of credit agreements, and
continuing letters of credit agreements between Borrower and Lender, Trade Bank, or HSBC, as such agreements may be amended, modified, and replaced. 
 (f) Role of L/C Issuer. The Borrower agrees that, in paying any drawing under a Letter of Credit, the L/C Issuer’s responsibilities and the limitation of the L/C Issuer’s liability shall be as set
forth in the Letter of Credit Applications, including the commercial letter of credit agreements, standby letter of credit agreements and continuing letters of credit agreements between Borrower and Lender, Trade Bank or HSBC, as such agreements may
be amended, modified, and replaced. 
 (g) Cash Collateral. Upon the request of Lender, (i) if the L/C Issuer has honored any
full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (ii) if, as of the Letter of Credit Expiration Date, any Letter of Credit may for any reason remain outstanding and partially or
wholly undrawn, the Borrower shall immediately Cash Collateralize the Obligations in an amount equal to one hundred three percent (103%) of the then Effective Amount of the L/C Obligations. 
 (h) Applicability of ISP98 and UCP. Unless otherwise expressly agreed by the L/C Issuer and the Borrower when a Letter of Credit is issued
(including any such agreement applicable to an Existing Commercial Letter of Credit), (i) the rules of the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice (or such
later version thereof as may be in effect at the time of issuance) shall apply to each Standby Letter of Credit, and (ii) the rules of the Uniform Customs and Practice for Documentary Credits (the “UCP”), as most recently published by
the International Chamber of Commerce (the “ICC”) at the time of issuance (including the ICC decision published by the Commission on Banking Technique and Practice on April 6, 1998 regarding the European single currency (euro)) shall
apply to each Commercial Letter of Credit. 
 (i) Letter of Credit Fees. The Borrower agrees to pay the following Letter of Credit
fees which, once paid, are non-refundable: 
 (i) With respect to each Commercial Letter of Credit, such amounts as L/C Issuer
and Borrower may agree. 
  

 26 

 (ii) With respect to each Standby Letter of Credit to Lender, a Standby Letter of Credit
fee for each such Standby Letter of Credit equal to the Applicable Margin for LIBOR Loans times the actual daily maximum amount available to be drawn under each such Standby Letter of Credit times a fraction, the numerator of which is
the number of days from the date of issuance to the date of expiry of such Standby Letter of Credit and the denominator of which is three hundred sixty (360). Such fee for each Standby Letter of Credit shall be due and payable in advance on the date
of issuance of each such Standby Letter of Credit, unless otherwise agreed to in writing by the Borrower and the L/C Issuer. Each such fee, once paid, shall be non-refundable. If there is any change in the Applicable Margin for LIBOR Loans during
any quarter, the Applicable Margin used for the calculation of the Letter of Credit Fee shall be the Applicable Margin on the date such fee is due. 
 (j) [Intentionally omitted.] 
 (k) Conflict with Letter of Credit Application. In the event of any conflict between
the terms hereof and the terms of any Letter of Credit Application, the terms hereof shall control. 
 (l) Trade Bank or HSBC as L/C
Issuer. The parties hereto acknowledge and agree that, at its option, the L/C Issuer may arrange for Letters of Credit to be issued by Trade Bank as agent for Lender or for HSBC Letters of Credit to be issued. All parties hereto understand and
agree that, as applicable, to the extent any Letters of Credit are issued by Trade Bank as agent for Lender or any HSBC Letters of Credit are issued, (i) Trade Bank is agent only to Lender and not to the Borrower and has no obligations to the
Borrower and HSBC has no obligations to the Borrower, (ii) the Letters of Credit issued by Trade Bank and the HSBC Letters of Credit will be deemed Letters of Credit issued by the L/C Issuer for all purposes hereunder and (iii) any of the
obligations performed or rights exercised pursuant to or in connection with the issuance of any Letter of Credit by Trade Bank or by HSBC pursuant to or in connection with the issuance of any HSBC Letters of Credit shall be deemed obligations
performed or rights exercised by Lender as L/C Issuer. To the extent that the L/C Issuer is required to provide any notices to, or take any other actions for the benefit of, the Lender hereunder, with respect to any Letter of Credit issued by Trade
Bank, no such notice or action shall be required. 
 2.3 Sweep Loans. Lender, in its sole and absolute discretion, may make Base Rate
Loans to the Borrower each day in an amount equal to the excess, if any, of the Dollar amount of all debits clearing all bank accounts settled through the Concentration Account on such day less the Dollar amount of collected funds in the
Concentration Account on such day (each such loan is a “Sweep Loan.”). All Sweep Loans shall be Base Rate Loans. The existence of an excess amount of clearing checks shall be deemed to be a request by the Borrower for a Sweep Loan and no
notice is required for a Sweep Loan. All Sweep Loans shall bear interest at the rate set forth in Sections 2.1(c)(i) and 2.7(c) and shall be payable as provided in Sections. 2.1(f), 2.6(c), and 2.6(d). The
availability of Sweep Loans is discretionary on the part of Lender and Lender may terminate the availability of Sweep Loans at any time. 
  

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 2.4 Commitment Reductions and Increases. 
 (a) Optional Reduction or Cancellation of Commitments. The Borrower may, upon five (5) Business Days written notice to Lender, permanently
reduce the Total Commitment by the amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof or cancel the Total Commitment in its entirety; provided, however, that the Borrower may not: 
 (i) reduce the Total Commitment prior to the Revolving Loan Maturity Date, if, after giving effect to such reduction, the Effective Amount
of all Revolving Loans and L/C Obligations then outstanding would exceed the proposed reduced Total Commitment; and 
 (ii)
cancel the Total Commitment prior to the Revolving Loan Maturity Date if, after giving effect to such cancellation, any Revolving Loan or L/C Obligation would then remain outstanding. 
 (b) Optional Increases of Commitments. Subject to the terms and conditions of this Section 2.4, Borrower shall have the right, at any
time prior to 30 days prior to the Revolving Loan Maturity Date, to increase the Total Commitment from time to time (each a “Total Commitment Increase”) in an amount which would bring the Total Commitment to a maximum of eighty million
dollars ($80,000,000); provided that each of the following conditions precedent has been satisfied: 
 (i) No Event of Default
has occurred and is continuing; 
 (ii) Borrower has submitted to Lender a written request for such Total Commitment Increase
specifying the aggregate dollar amount thereof, which shall be in a minimum of $5,000,000 and in increments of $5,000,000; 
 (iii) Either Lender by itself, Lender and one or more other financial institutions (each a “Syndication Party”) or one or more Syndication Parties have agreed to provide funding for the Total Commitment Increase on terms and
conditions satisfactory to Lender, Borrower and, if applicable, each Syndication Party; and 
 (iv) Lender, Borrower and, if
applicable, each Syndication Party, has executed an amendment to this Agreement which contain terms and conditions satisfactory to each of them. 
 (c) Mandatory Reduction or Termination of Commitments. The Total Commitment shall be automatically reduced to zero on the Revolving Loan Maturity Date. 
 (d) Effect of Commitment Reductions. From the effective date of any reduction of the Total Commitment, the Unused Commitment Fees payable pursuant to Section 2.5(b) shall be computed on the basis of
the Total Commitment as so reduced. Once reduced or cancelled, the Total Commitment may not be increased or reinstated without the prior written consent of Lender. 
  

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 2.5 Fees. 
 (a) Commitment Fee. Borrower shall pay Lender a Commitment Fee in the amount of $90,000.00, which fee shall be payable in full on the Closing Date and shall not be subject to reduction or be refundable under
any and all circumstances. 
 (b) Unused Commitment Fees. The Borrower shall pay to Lender fees (collectively, the “Unused
Commitment Fees”) equal to (i) the Total Commitment minus: (A) the average daily outstanding and unpaid principal balance of the Loans during the Unused Commitment Fee Period; and (B) the average daily aggregate undrawn
face amount of all outstanding Letters of Credit during the Unused Commitment Fee Period, multiplied by (ii) the Unused Commitment Fee Percentage. The Borrower shall, on or before April 30, 2007, pay the Unused Commitment Fees that
were payable under the Original Credit Agreement on the Closing Date and the Unused Commitment Fees payable under this Agreement from the Closing Date until April 30, 2007. Thereafter, Borrower shall pay the Unused Commitment Fees quarterly in
arrears on the last day of each January, April, July and October and on the Revolving Loan Maturity Date (or if the Total Commitment is cancelled or terminated on a date prior to the Revolving Loan Maturity Date, on such prior date). Each Unused
Commitment Fee, once paid, is non-refundable. As used herein, the term “Unused Commitment Fee Period” shall mean the period beginning on the first day of the most recently concluded quarter and ending on the last day of the most recently
concluded quarter. 
 2.6 Prepayments. 
 (a) Terms of All Prepayments. Upon the prepayment of any Loan (whether such prepayment is an optional prepayment under Section 2.6(b), a mandatory prepayment required by Section 2.6(c)
or a mandatory prepayment required by any other provision of this Agreement or the other Credit Documents, including a prepayment upon acceleration), the Borrower shall pay to Lender (i) all accrued interest and fees to the date of such
prepayment on the amount prepaid and (ii) if such prepayment is the prepayment of a LIBOR Loan on a day other than the last day of an Interest Period for such LIBOR Loan, all amounts payable to such Lender pursuant to Section 2.13.

 (b) Optional Prepayments. Except as provided in Section 2.6(d), at its option Borrower may, in the case of Base Rate
Loans or Prime Rate Loans, prepay such Loans in part or in whole or, in the case of LIBOR Loans, upon three (3) Business Days’ notice to Lender, prepay such Loans in any Borrowing in part, in a minimum principal amount of $3,000,000 or an
integral multiple of $500,000 in excess thereof, or in whole. Each such notice shall specify the date and amount of such prepayment, provided that if such prepayment is on any day other than the last day of the Interest Period applicable to such
LIBOR Loan, the Borrower shall be subject to the payments required by Section 2.13. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable
on the date specified therein. If no Default or Event of Default has occurred and is continuing, all prepayments under this Section 2.6(b) which are applied to reduce the principal amount of the Loans shall be applied to the Loans as
directed by the Borrower. If the Borrower fails to direct the application of any such principal prepayments or if a Default has occurred and is continuing, such principal prepayments shall be applied first, to the payment of Revolving 

  

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Loans and then to Cash Collateralize the Obligations in an amount equal to the Effective Amount of the L/C Obligations and shall in any case, to the extent
possible, be first applied to prepay Prime Rate Loans and then if funds remain, to prepay Base Rate Loans and then if any funds remain, to prepay LIBOR Loans. 
 (c) Mandatory Prepayments. The Borrower shall prepay the Loans as follows: 
 (i) If,
at any time, the Effective Amount of all Revolving Loans, and L/C Obligations then outstanding exceeds the Total Commitment at such time, the Borrower shall immediately (A) prepay the Revolving Loans to the extent Revolving Loans in a
sufficient amount are then outstanding and (B) otherwise, Cash Collateralize the Obligations in an amount equal to 103% of the then Effective Amount of the L/C Obligations, in an aggregate principal amount equal to such excess. 
 (ii) [Intentionally omitted.] 
 (iii) If, at any time after the Closing Date, any Loan Party issues or incurs any Indebtedness for borrowed money, including Indebtedness evidenced by notes, bonds, debentures or other similar instruments but
excluding Permitted Indebtedness, the Borrower shall, immediately after such issuance or incurrence (A) prepay the Revolving Loans to the extent Revolving Loans in a sufficient amount are then outstanding and (B) otherwise, Cash
Collateralize the Obligations in an amount equal to 103% of the then Effective Amount of the L/C Obligations, in an aggregate principal amount equal to one hundred percent (100%) of the Net Proceeds of such Indebtedness. 
 (iv) [Intentionally omitted.] 
 (v) The Borrower shall deliver to Lender, at the time of each prepayment required under this Section 2.6(c), (A) a certificate signed by the chief financial officer of Borrower setting forth in
reasonable detail the calculation of the amount of such prepayment and (B) to the extent practicable, at least three (3) days prior written notice of such prepayment. Each notice of prepayment shall specify the prepayment date and the Type
and principal amount of each Loan (or portion thereof) to be prepaid. In the event that the Borrower shall subsequently determine that the actual amount was greater than the amount set forth in such certificate, the Borrower shall promptly make an
additional prepayment of the Loans (and/or, if applicable, the Total Commitment shall be permanently reduced) in an amount equal to the amount of such excess, and the Borrower shall concurrently therewith deliver to Lender a certificate signed by
the chief financial officer of Borrower demonstrating the derivation of the additional amount resulting in such excess. 
 (d) Prepayment
by Automatic Debit. Borrower agrees that Lender, in its sole and absolute discretion, may effect prepayments of Base Rate Loans (including Sweep Loans) and Prime Rate Loans in an amount equal to the excess of the Dollar amount of collected funds
in the Concentration Account on a particular day less the Dollar amount of all debits clearing all bank accounts settled through the Concentration Account on such day (an “Automatic Debit”). Such prepayment shall be without premium or
penalty. 
  

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 2.7 Other Payment Terms. 
 (a) Place and Manner. All payments to be made by the Borrower under this Agreement or any other Credit Document shall be made without condition or
deduction for any counterclaim, defense, recoupment or setoff. The Borrower shall make all payments due to Lender under this Agreement or any other Credit Document by payments to Lender at the Lender’s office located at the address specified in
Section 8.1 or at such other office as Lender may designate. The Borrower shall make all payments under this Agreement or any other Credit Document in lawful money of the United States and in same day or immediately available funds not
later than 11:00 a.m. on the date due, except for payments through: (i) CEO which shall be made not later than 1:00 on the date due; and (ii) Automatic Debit payments which shall be deemed to have been received on the same Business Day as
they are made. 
 (b) Date. Whenever any payment due hereunder shall fall due on a day other than a Business Day, such payment shall
be made on the next succeeding Business Day, and such extension of time shall be included in the computation of interest or fees, as the case may be. 
 (c) Default Rate. On and after the occurrence of an Event of Default, until the time when such Event of Default shall have been cured or waived by Lender, the Borrower shall pay interest on the aggregate,
outstanding principal amount of all Obligations hereunder at a per annum rate equal to the otherwise applicable interest rate set forth in Section 2.1(c), plus two percent (2.00%) (the “Default Rate”). 

(d) Application of Payments. All payments hereunder shall be applied first to unpaid fees, costs and expenses then due and payable under this
Agreement or the other Credit Documents, second to accrued interest then due and payable under this Agreement or the other Credit Documents and finally to reduce the principal amount of outstanding Loans and L/C Borrowings. 
 2.8 Loan Accounts; Notes. 
 (a)
Loan Accounts. The obligation of the Borrower to repay the Loans made to it by Lender and to pay interest thereon at the rates provided herein shall be evidenced by an account or accounts maintained by Lender on its books (individually, a
“Loan Account”), and by a note pursuant to Section 2.8(b). Lender shall record in its Loan Accounts (i) the date and amount of each Loan made by Lender, (ii) the interest rates applicable to each such Loan thereof and
the effective dates of all changes thereto, (iii) the Interest Period for each LIBOR Loan, (iv) the date and amount of each principal and interest payment on each Loan and (v) such other information as Lender may determine is
necessary for the computation of principal and interest payable to it by the Borrower hereunder; provided, however, that any failure by Lender to make, or any error by Lender in making, any such notation shall not affect the
Borrower’s Obligations. The Loan Accounts shall be conclusive absent manifest error with respect to the matters noted therein. 
 (b)
Revolving Loan Notes. Lender’s Revolving Loans shall be evidenced by a promissory note in the form of Exhibit E (the “Revolving Loan Note”) which note shall be (i) payable to the order of Lender, (ii) in the
amount of the Total Commitment, (iii) dated the Closing Date and (iv) otherwise appropriately completed. The Borrower authorizes Lender to 

  

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record on the schedule annexed to Lender’s Revolving Loan Note the date and amount of each Revolving Loan made by Lender and of each payment or
prepayment of principal thereon made by the Borrower, and agrees that all such notations shall be conclusive absent manifest error with respect to the matters noted thereon; provided, however, that any failure by Lender to make, or any
error by Lender in making, any such notation shall not affect the Borrower’s Obligations. The Borrower further authorizes Lender to attach to and make a part of its Revolving Loan Note continuations of the schedule attached thereto as
necessary. 
 2.9 Loan Funding. Lender shall, upon satisfaction of the applicable conditions set forth in Section 3.2
(and, if such Borrowing is the initial Credit Event, Section 3.1), make funds available to the Borrower on the date of each Borrowing either by (i) crediting the account of the Borrower on the books of Lender with the amount of such
funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to Lender by the Borrower; provided, however, that if, on the date of the Borrowing there are L/C Borrowings outstanding, then the
proceeds of such Borrowing shall be applied, first, to the payment in full of any such L/C Borrowings, and second, to the Borrower as provided above. 
 2.10 [Intentionally omitted.] 
 2.11 Change of Circumstances. 
 (a) Inability to Determine Rates. If, on or before the first day of any Interest Period for any LIBOR Loan, (i) Lender determines that the
LIBOR Rate for such Interest Period cannot be adequately and reasonably determined due to unavailability of funds in or other circumstances affecting the London interbank market or (ii) Lender shall determine that the rate of interest for such
Loan does not adequately and fairly reflect the cost to Lender of making or maintaining a LIBOR Loan, Lender shall immediately give notice of such condition to the Borrower. After the giving of any such notice and until Lender shall otherwise notify
the Borrower that the circumstances giving rise to such condition no longer exist, Borrower’s right to request the making of, conversion to or a new Interest Period for, LIBOR Loans shall be suspended. Any LIBOR Loans outstanding at the
commencement of any such suspension shall be converted at the end of the then current Interest Period for such LIBOR Loans into Prime Rate Loans unless such suspension has then ended. 
 (b) Illegality. If, after the date of this Agreement, the adoption of any Governmental Rule, any change in any Governmental Rule or the
application or requirements thereof (whether such change occurs in accordance with the terms of such Governmental Rule as enacted, as a result of amendment or otherwise), any change in the interpretation or administration of any Governmental Rule by
any Governmental Authority, or compliance by Lender with any request or directive (whether or not having the force of law) of Governmental Authority (a “Change of Law”) shall make it unlawful or impossible for Lender to make or maintain
any LIBOR Loan, Lender shall immediately notify the Borrower of such Change of Law. Upon receipt of such notice, (i) Borrower’s right to request the making of, conversion to or a new Interest Period for, LIBOR Loans shall be terminated,
and (ii) the Borrower shall, at the request of Lender, either (A) pursuant to Section 2.1(d), convert any such then outstanding LIBOR Loans into Prime Rate Loans at the end of the current Interest Period for such LIBOR Loans or
(B) immediately repay or convert any such LIBOR Loans if Lender shall notify the Borrower that Lender may not 

  

 32 

 
lawfully continue to fund and maintain such LIBOR Loans. Any conversion or prepayment of LIBOR Loans made pursuant to the preceding sentence prior to the
last day of an Interest Period for such LIBOR Loans shall be deemed a prepayment thereof for purposes of Section 2.13. After Lender notifies the Borrower of such a Change of Law and until Lender notifies the Borrower that it is no longer
unlawful or impossible for Lender to make or maintain a LIBOR Loan, all Revolving Loans of such Lender shall be Prime Rate Loans. 
 (c)
Increased Costs. If, after the date of this Agreement, any Change of Law shall: 
 (i) subject Lender to any tax, duty
or other charge with respect to any LIBOR Loan or Base Rate Loan, or shall change the basis of taxation of payments by the Borrower to Lender on such a LIBOR Loan or in respect to such a LIBOR Loan under this Agreement (except for changes in the
rate of taxation on the overall net income of any Lender imposed by its jurisdiction of incorporation or the jurisdiction in which its principal executive office is located); or 
 (ii) impose, modify or hold applicable any reserve (excluding any Reserve Requirement or other reserve to the extent included in the
calculation of the LIBOR Rate for any Loans), special deposit or similar requirement against assets held by, deposits or other liabilities in or for the account of, advances or loans by, or any other acquisition of funds by Lender for any LIBOR Loan
or Base Rate Loan; or 
 (iii) impose on any Lender any other condition related to any LIBOR Loan, any Base Rate Loan or
Lender’s Total Commitment; 
 and the effect of any of the foregoing is to increase the cost to such Lender of making, renewing, or maintaining any such
LIBOR Loan, Base Rate Loan or its Total Commitment or to reduce any amount receivable by Lender hereunder; then the Borrower shall from time to time, within ten (10) Business Days after demand by Lender, pay to Lender additional amounts
sufficient to reimburse Lender for such increased costs or to compensate Lender for such reduced amounts. A certificate setting forth in reasonable detail the amount of such increased costs or reduced amounts, submitted by Lender to the Borrower
shall be conclusive absent manifest error. The obligations of the Borrower under this Section 2.11(c) shall survive the payment and performance of the Obligations and the termination of this Agreement. 
 (d) Capital Requirements. If, after the date of this Agreement, Lender determines that (i) any Change of Law affects the amount of capital
required or expected to be maintained by Lender or any Person controlling Lender (a “Capital Adequacy Requirement”) and (ii) the amount of capital maintained by Lender or such Person which is attributable to or based upon the Loans,
the Letters of Credit, the Total Commitment or this Agreement must be increased as a result of such Capital Adequacy Requirement (taking into account Lender’s or such Person’s policies with respect to capital adequacy), the Borrower shall
pay to Lender or such Person, within ten (10) Business Days after demand of Lender, such amounts as Lender or such Person shall determine are necessary to compensate Lender or such Person for the increased costs to Lender or such Person of such
increased capital. A certificate setting forth in reasonable detail the amount of such increased costs, submitted by Lender to the Borrower shall be conclusive 

  

 33 

 
absent manifest error. The obligations of the Borrower under this Section 2.11(d) shall survive the payment and performance of the Obligations
and the termination of this Agreement. 
 (e) Notice, Reasonable Commercial Efforts. If Lender becomes aware of (i) any Change of
Law that will make it unlawful or impossible for Lender to make or maintain any LIBOR Loan or any Base Rate Loan or (ii) any Change of Law or other event or condition that will obligate the Borrower to pay any amount pursuant to
Section 2.11(c) or Section 2.11(d), Lender shall notify the Borrower thereof as promptly as practical. If Lender has given notice of any such Change of Law or other event or condition and thereafter becomes aware that such
Change of Law or other event or condition has ceased to exist, Lender shall notify the Borrower thereof as promptly as practical. If Lender is affected by any Change of Law which makes it unlawful or impossible for such Lender to make or maintain
any LIBOR Loan or Base Rate Loan or to which the Borrower is obligated to pay any amount pursuant to Section 2.11(c) or Section 2.11(d) it shall use reasonable commercial efforts to avoid the effect of such Change of Law or
to avoid or materially reduce any amounts which the Borrower is obligated to pay pursuant to Section 2.11(c) or Section 2.11(d) if, in the reasonable opinion of Lender, such efforts would not be disadvantageous to Lender or
contrary to Lender’s normal banking practices. 
 2.12 Taxes on Payments. 
 (a) Payments Free of Taxes. All payments made by the Borrower under this Agreement and the other Credit Documents shall be made free and clear of,
and without deduction or withholding for or on account of, any present or future income, stamp, documentary or other taxes, any duties, or any other levies, imposts, charges, fees, deductions or withholdings, now or hereafter imposed, levied,
collected, withheld or assessed by any Governmental Authority (except net income taxes and franchise taxes in lieu of net income taxes imposed on Lender by its jurisdiction of incorporation) (all such non-excluded taxes, duties, levies, imposts,
charges, fees, deductions and withholdings being hereinafter called “Taxes”). If any Taxes are required to be withheld from any amounts payable to Lender hereunder or under the other Credit Documents, the amounts so payable to
Lender shall be increased to the extent necessary to yield to Lender (after payment of all Taxes) interest or any such other amounts payable hereunder at the rates or in the amounts specified in this Agreement and the other Credit Documents.
Whenever any Taxes are payable by the Borrower, as promptly as possible thereafter, the Borrower shall send to Lender a certified copy of an original official receipt received by the Borrower showing payment thereof. If the Borrower fails to pay any
Taxes when due to the appropriate taxing authority or fails to remit to Lender the required receipts or other required documentary evidence, the Borrower shall indemnify Lender for any taxes, interest or penalties that may become payable by Lender
as a result of any such failure. The obligations of the Borrower under this Section 2.12(a) shall survive the payment and performance of the Obligations and the termination of this Agreement. 
 (b) [Intentionally omitted.] 
 (c)
Reasonable Commercial Efforts. If Lender claims any additional amounts to be payable to it pursuant to this Section 2.12, it shall use reasonable commercial efforts to file any certificate or document reasonably requested in
writing by the Borrower reflecting a reduced rate 

  

 34 

 
of withholding, if the making of such a filing would avoid the need for or materially reduce the amount of any such additional amounts which may thereafter
accrue. 
 (d) Tax Returns. Nothing contained in this Section 2.12 shall require Lender to make available any of its tax
returns (or any other information relating to its taxes which it deems to be confidential). 
 2.13 Funding Loss Indemnification. If
the Borrower shall (a) repay, prepay or convert any LIBOR Loan on any day other than the last day of an Interest Period therefor (whether a scheduled payment, an optional prepayment or conversion, a mandatory prepayment or conversion, a payment
upon acceleration or otherwise), (b) fail to borrow any LIBOR Loan for which a Notice of Borrowing has been delivered to Lender (whether as a result of the failure to satisfy any applicable conditions or otherwise) or (c) fail to convert
any Revolving Loans into LIBOR Loans in accordance with a Notice of Conversion delivered Lender (whether as a result of the failure to satisfy any applicable conditions or otherwise), the Borrower shall pay to Lender within ten (10) Business
Days after demand, a prepayment fee, failure to borrow fee or failure to convert fee, as the case may be (determined as though 100% of the LIBOR Loan had been funded in the London interbank eurodollar currency market) equal to the sum of:

 (a) $250; plus 
 (b)
the amount, if any, by which (i) the additional interest would have accrued on the amount prepaid or not borrowed at the LIBOR Rate plus the Applicable Margin for LIBOR Loans if that amount had remained or been outstanding through the last day
of the applicable Interest Period exceeds (ii) the interest that Lender could recover by placing such amount on deposit in the London interbank eurodollar currency market for a period beginning on the date of the prepayment or failure to borrow
and ending on the last day of the applicable Interest Period (or, if no deposit rate quotation is available for such period, for the most comparable period for which a deposit rate quotation may be obtained); plus 
 (c) all out-of-pocket expenses incurred by Lender reasonably attributable to such payment, prepayment or failure to borrow; 
 (d) provided, however, that if, with respect to any such repayment, prepayment, conversion, failure to borrow or failure to convert, the
sum of the amount computed under subsections (b) and (c) above is zero, then, with respect to such repayment, prepayment, conversion, failure to borrow or failure to convert only, the amount listed in subsection (a) shall be deemed to
be zero. 
 2.14 Prepayment. Lender’s determination of the amount of any prepayment fee payable under this
Section 2.13 shall be conclusive in the absence of manifest error. The obligations of the Borrower under this Section 2.13 shall survive the payment and performance of the Obligations and the termination of this Agreement.

 2.15 [Intentionally omitted.] 
  

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 SECTION III. CONDITIONS PRECEDENT. 
 3.1 Initial Conditions Precedent. The occurrence of the initial Credit Event is subject to receipt by Lender, on or prior to the Closing Date, of each item listed below, each in form and substance satisfactory
to Lender: 
 (a) Principal Credit Documents. 
 (i) This Agreement, duly executed by the Borrower, Lender, and the L/C Issuer; 
 (ii) A Revolving Loan Note payable to Lender duly executed by the Borrower; and 
 (iii) A Guaranty, in form and substance satisfactory to Lender, duly executed by each Guarantor. 
 (b) Borrower Organizational Documents. 
 (i) The articles of incorporation of the Borrower, certified as of a recent date prior to the Closing Date by the Secretary of State of Delaware; 
 (ii) A certificate of the Secretary or an Assistant Secretary of the Borrower, dated the Closing Date, certifying that (A) attached
thereto is a true and correct copy of the bylaws of the Borrower as in effect on the Closing Date; (B) attached thereto are true and correct copies of resolutions duly adopted by the board of directors of the Borrower and continuing in effect,
which authorize the execution, delivery and performance by the Borrower of this Agreement and the other Credit Documents executed or to be executed by the Borrower and the consummation of the transactions contemplated hereby and thereby; and
(C) there are no proceedings for the dissolution or liquidation of the Borrower; 
 (iii) A certificate of the Secretary
or an Assistant Secretary of the Borrower, dated the Closing Date, certifying the incumbency, signatures and authority of the officers of the Borrower authorized to execute, deliver and perform this Agreement, the other Credit Documents and all
other documents, instruments or agreements related thereto executed or to be executed by the Borrower; and 
 (iv)
Certificates of good standing (or comparable certificates) for the Borrower, certified as of a recent date prior to the Closing Date by the Secretaries of State (or comparable official) of Delaware, Idaho and West Virginia. 
 (c) Guarantor Organizational Documents 
 (i) The certificate of incorporation, articles of incorporation, certificate of limited partnership, articles of organization or comparable document of each Guarantor, certified as of a recent date prior to the
Closing Date by the Secretary of State (or comparable public official) of its state of incorporation or formation; 
  

 36 

 (ii) A certificate of good standing (or comparable certificate) for each Guarantor,
certified as of a recent date prior to the Closing Date by the Secretary of State (or comparable public official) of Idaho in the case of Coldwater Creek The Spa Inc.; Idaho and Delaware in the case of Aspenwood Advertising, Inc.; Delaware in the
case of C Squared, LLC; Idaho in the case of Coldwater Creek Sourcing, Inc.; Idaho in the case of CWC Sourcing LLC; and Hong Kong, China in the case of Coldwater Creek HK Ltd.; 
 (iii) [Intentionally omitted.] 
 (iv) A certificate of the Secretary or an Assistant Secretary (or comparable officer) of each Guarantor, dated the Closing Date, certifying that (A) attached thereto is a true and correct copy of the bylaws,
partnership agreement, limited liability company agreement or comparable document of such Guarantor as in effect on the Closing Date; (B) attached thereto are true and correct copies of resolutions duly adopted by the board of directors or
other governing body of such Guarantor (or other comparable enabling action) and continuing in effect, which authorize the execution, delivery and performance by such Guarantor of the Credit Documents to be executed by such Guarantor and the
consummation of the transactions contemplated thereby; and (C) there are no proceedings for the dissolution or liquidation of such Guarantor; and 
 (v) A certificate of the Secretary or an Assistant Secretary (or comparable officer) of each Guarantor, dated the Closing Date, certifying the incumbency, signatures and authority of the officers of such Guarantor
authorized to execute, deliver and perform the Credit Documents to be executed by such Guarantor. 
 (d) Financial Statements, Financial
Condition, Etc. 
 (i) A copy of the unaudited Financial Statements of the Loan Parties for the Fiscal Quarter ended
October 28, 2006, and for the Fiscal Year to such date (prepared on a consolidated and consolidating basis), in each case certified by the chief financial officer of the Borrower to present fairly the financial condition, results of operations
and other information reflected therein and to have been prepared in accordance with GAAP (subject to normal year-end audit adjustments); 
 (ii) [Intentionally omitted.] 
 (iii) A copy of the most recently completed annual report
(Form 5500 Series) filed with the Internal Revenue Service with respect to each Employee Benefit Plan of the Borrower and its Subsidiaries, certified by a senior officer of the Borrower; 
 (iv) [Intentionally omitted.] 
 (v) A Compliance Certificate executed by the president, chief executive officer, chief financial officer, treasurer or vice president of finance of the Borrower which (A) certifies that, as of the Closing Date,
no Default or Event of Default has occurred and is continuing, or, if any such Default or Event of Default has occurred and is continuing, a statement as to the nature thereof and what action Borrower proposes to 

  

 37 

 
take with respect thereto and (B) sets forth, for the quarter ended October 28, 2006, the calculation of the financial ratios and tests provided in
Section 5.3; and 
 (vi) Such other financial, business and other information regarding the Borrower or any of its
Subsidiaries as Lender may reasonably request, including information as to possible contingent liabilities, tax matters, environmental matters and obligations for employee benefits and compensation. 
 (e) Uniform Commercial Code Documents. Uniform Commercial Code search certificates from the jurisdictions in which the Lender requests reflecting
no other financing statements or filings which evidence Liens other than Permitted Liens; 
 (f) Opinions. A favorable written opinion
from Elsaesser Jarzabek Anderson Marks Elliott & McHugh, Chartered, special counsel for the Loan Parties, dated the Closing Date, addressed to Lender, covering such legal matters as Lender may reasonably request and otherwise in form and
substance satisfactory to Lender. 
 (g) Other Items. 
 (i) In the event such a request is to be made by Borrower on the Closing Date, a duly completed and delivered written request for that
portion of the initial Credit Event that will be a Base Rate Loan or a Prime Rate Loan setting forth the amount thereof; 
 (ii) [Intentionally omitted.] 
 (iii) No event or circumstance shall have occurred that has resulted or could
reasonably be expected to result in a Material Adverse Effect; 
 (iv) [Intentionally omitted.] 
 (v) Other than the pending or threatened actions, suits, investigations or proceedings described in Schedule 4.1(g), there shall
not exist any pending or threatened action, suit, investigation or proceeding, which, if adversely determined, could materially and adversely affect the Loan Parties, any transaction contemplated hereby or the ability of any Loan Party to perform
its obligations under the Credit Documents or the ability of Lender to exercise its rights thereunder; 
 (vi) A certificate
of the president, chief executive officer or chief financial officer of the Borrower, addressed to Lender and dated the Closing Date, certifying that: 
 (A) The representations and warranties set forth in Article IV and in the other Credit Documents are true and correct in all material respects as of such date (except for such representations and warranties
made as of a specified date, which shall be true as of such date); and 
 (B) After giving effect to the initial Credit Event,
no Default or Event of Default has occurred and is continuing as of such date or will result from such Credit Event; 
  

 38 

 (C) Each Loan Party has obtained all Governmental Authorizations and all consents of
other Persons, in each case that are necessary or advisable to have been obtained prior to the Closing Date in connection with the transactions herein and the continued operation of the business conducted by the Loan Parties in substantially the
same manner as conducted prior to the Closing Date. Each such Governmental Authorization or consent is in full force and effect, except in a case where the failure to obtain or maintain a Governmental Authorization or consent, either individually or
in the aggregate, should not reasonably be expected to have a Material Adverse Effect. All applicable waiting periods have expired without any action being taken or threatened by any competent authority that would restrain, prevent or otherwise
impose adverse conditions on the transactions contemplated by the Credit Documents. No action, request for stay, petition for review or rehearing, reconsideration, or appeal with respect to any of the foregoing is pending, and the time for any
applicable Governmental Authority to take action to set aside its consent on its own motion shall have expired; 
 (vii) All
fees and expenses payable to Lender on or prior to the Closing Date have been paid; 
 (viii) All fees and expenses of counsel
to Lender through the Closing Date have been paid; and 
 (ix) [Intentionally omitted.] 
 (x) [Intentionally omitted.] 
 (xi) Such other evidence as Lender may reasonably request to establish the accuracy and completeness of the representations and warranties and the compliance with the terms and conditions contained in this Agreement
and the other Credit Documents. 
 3.2 Conditions Precedent to each Credit Event. The occurrence of each Credit Event (including the
initial Credit Event) is subject to the further conditions that: 
 (a) The Borrower shall have delivered to Lender and, if applicable, the
L/C Issuer, the Notice of Borrowing, Letter of Credit Application, Notice of Conversion or Notice of Interest Period Selection, as the case may be, for such Credit Event in accordance with this Agreement; and 
 (b) On the date such Credit Event is to occur and after giving effect to such Credit Event, the following shall be true and correct: 
 (i) The representations and warranties of the Borrower set forth in Article IV and in the other Credit Documents are true and
correct in all material respects as if made on such date (except for representations and warranties expressly made as of a specified date, which shall be true as of such date); 
 (ii) There shall not have been any material adverse change to the business, operations, condition (financial or otherwise), prospects,
liabilities or capitalization of the Borrower or any of the other Loan Parties since the Financial Statements dated October 28, 2006; 
  

 39 

 (iii) No Default or Event of Default has occurred and is continuing or will result from
such Credit Event; and 
 (iv) All of the Credit Documents are in full force and effect. 
 The submission by the Borrower to Lender of each Notice of Borrowing, each Letter of Credit Application, each Notice of Conversion (other than a notice
for a conversion to a Base Rate Loan or a Prime Rate Loan) and each Notice of Interest Period Selection shall be deemed to be a representation and warranty by the Borrower that each of the statements set forth above in this
Section 3.2(b) is true and correct as of the date of such notice. 
 3.3 Initial Credit Event. In the event there are any
outstanding amounts due under the Original Credit Agreement on the Closing Date then, in that event, as an initial Credit Event under this Agreement all such amounts shall be deemed to have been made and/or incurred under this Agreement in the same
form and type as under the Original Credit Agreement. By way of example, if on the Closing Date there is a LIBOR Loan outstanding under the Original Credit Agreement it shall be deemed to have been made under this Agreement in the same unpaid
principal amount, with the same Interest Period and with the same accrued and unpaid interest as existed on the Closing Date under the Original Credit Agreement. 
 3.4 Covenant to Deliver. The Borrower agrees (not as a condition but as a covenant) to deliver to Lender each item required to be delivered to Lender as a condition to the occurrence of any Credit Event if such
Credit Event occurs. The Borrower expressly agrees that the occurrence of any such Credit Event prior to the receipt by Lender of any such item shall not constitute a waiver by Lender of the Borrower’s obligation to deliver such item.

 SECTION IV. REPRESENTATIONS AND WARRANTIES. 
 4.1 Representations and Warranties. In order to induce Lender to enter into this Agreement, the Borrower hereby represents and warrants to Lender for itself and each of the other Loan Parties as follows and agrees that each of said
representations and warranties shall be deemed to survive until full, complete and indefeasible payment and performance of the Obligations and shall apply anew to each Borrowing hereunder: 
 (a) Due Incorporation, Qualification, etc. Each Loan Party (i) is a corporation, partnership or limited liability company duly organized,
validly existing and in good standing under the laws of its jurisdiction of incorporation or formation; (ii) has the power and authority to own, lease and operate its properties and carry on its business as now conducted; and (iii) is duly
qualified, licensed to do business and in good standing as a foreign corporation, partnership or limited liability company, as applicable, in each jurisdiction where its ownership, lease or operation of property or the conduct of its business
requires such qualification or license and where the failure to be so qualified or licensed, either individually or in the aggregate, is reasonably likely to have a Material Adverse Effect. 
  

 40 

 (b) Authority. The execution, delivery and performance by each Loan Party of each Credit Document
executed, or to be executed, by such Loan Party and the consummation of the transactions contemplated thereby (i) are within the power of such Loan Party and (ii) have been duly authorized by all necessary actions on the part of such Loan
Party. 
 (c) Enforceability. Each Credit Document executed, or to be executed, by each Loan Party has been, or will be, duly executed
and delivered by such Loan Party and constitutes, or will constitute, a legal, valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with its terms, except as limited by bankruptcy, insolvency or other
laws of general application relating to or affecting the enforcement of creditors’ rights generally and general principles of equity. 
 (d) Non-Contravention. The execution and delivery by each Loan Party of the Credit Documents executed by such Loan Party and the performance and consummation of the transactions contemplated thereby do not (i) violate any
Requirement of Law applicable to such Loan Party; (ii) violate any provision of, or result in the breach or the acceleration of, or entitle any other Person to accelerate (whether after the giving of notice or lapse of time or both), any
Contractual Obligation of such Loan Party; or (iii) result in the creation or imposition of any Lien (or the obligation to create or impose any Lien) upon any property, asset or revenue of such Loan Party (except such Liens as may be created in
favor of Lender pursuant to this Agreement or the other Credit Documents). 
 (e) Approvals. 
 (i) No consent, approval, order or authorization of, or registration, declaration or filing with, any Governmental Authority or other
Person (including the equity holders of any Person) is required in connection with the execution and delivery of the Credit Documents executed by any Loan Party or any Loan Party’s performance or consummation of the transactions contemplated
thereby, except for those which have been made or obtained and are in full force and effect. 
 (ii) All Governmental
Authorizations required to be obtained by any Loan Party have been duly obtained and are in full force and effect without any known conflict with the rights of others and free from any unduly burdensome restrictions, where any such failure to obtain
such Governmental Authorizations or any such conflict or restriction could not reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. No Loan Party has received any written notice or other written
communications from any Governmental Authority regarding (i) any revocation, withdrawal, suspension, termination or modification of, or the imposition of any material conditions with respect to, any Governmental Authorization, or (ii) any
other limitations on the conduct of business by any Loan Party, except where any such revocation, withdrawal, suspension, termination, modification, imposition or limitation could not reasonably be expected to have, either individually or in the
aggregate, a Material Adverse Effect. 
 (f) No Violation or Default. No Loan Party is in violation of or in default with respect to
(i) any Requirement of Law applicable to such Person or (ii) any Contractual 

  

 41 

 
Obligation of such Person (nor is there any waiver in effect which, if not in effect, would result in such a violation or default), where, in each case, such
violation or default, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is continuing. 
 (g) Litigation. Except as set forth in Schedule 4.1(g), no actions (including derivative actions), suits, proceedings or investigations are
pending or, to the best knowledge of the Borrower, threatened against any Loan Party at law or in equity in any court, arbitration proceeding, mediation proceeding or before any other Governmental Authority which (i) could reasonably be
expected, either individually or in the aggregate, to have a Material Adverse Effect or (ii) seek to enjoin, either directly or indirectly, the execution, delivery or performance by any Loan Party of the Credit Documents or the transactions
contemplated thereby. 
 (h) Title; Possession Under Leases. The Loan Parties own and have good record and marketable title, or valid
leasehold interests in all real property and assets necessary to the conduct of its business. Such real property and assets are subject to no Liens other than Permitted Liens. Each of the Loan Parties has complied with all material obligations under
all material leases to which it is a party and enjoys peaceful and undisturbed possession under such leases. 
 (i) Financial
Statements. The Financial Statements of the Loan Parties dated October 28, 2006, (i) are in accordance with the books and records of the Loan Parties, which have been maintained in accordance with good business practice; (ii) have
been prepared in conformity with GAAP, consistently applied; (iii) are true, correct and accurate is all material respects; and (iv) fairly present in all material respects the financial conditions and results of operations of the Loan
Parties as of the date thereof and for the period covered thereby. No Loan Party has any Contingent Obligations, liability for taxes or other outstanding obligations which, in any such case, are material in the aggregate, except as disclosed in the
unaudited Financial Statements dated October 28, 2006, furnished by the Borrower to Lender prior to the date hereof, or in the Financial Statements delivered to Lender pursuant to clause (i) or (ii) of Section 5.1(a).

 (j) No Agreements to Sell Assets; Etc. No Loan Party has any legal obligation, absolute or contingent, to any Person to sell the
assets of the Borrower or any of its Subsidiaries (except as permitted by Section 5.2(c)), or to effect any merger, consolidation or other reorganization of the Borrower or any of its Subsidiaries (except as permitted by
Section 5.2(d)) or to enter into any agreement with respect thereto. 
 (k) Employee Benefit Plans. 
 (i) None of the Borrower and the ERISA Affiliates has sponsored, participated in, maintained, contributed to or incurred any liability
(including secondary liability) to any Multiemployer Plan, any multiple employer plan (as described in section 4064(a) of ERISA), or any Employee Benefit Plan subject to section 412 of the IRC, section 302 of ERISA or Title IV of ERISA. Neither the
Borrower nor any ERISA Affiliate has any liability with respect to any post-retirement benefit under any Employee Benefit Plan which is a welfare plan (as defined in section 3(1) of ERISA), other than liability for health plan continuation coverage
described in Part 6 of Title I(B) of ERISA, 

  

 42 

 
which liability for health plan contribution coverage could not reasonably be expected to have a Material Adverse Effect. 
 (ii) All contributions or premiums required to be made by the Borrower and its Subsidiaries under the terms of each Employee Benefit Plan
or by applicable law have been made in a timely fashion in accordance with applicable law and the terms of the Employee Benefit Plan. There are no unfunded accrued liabilities, no outstanding defaults or violations by any party to any Employee
Benefit Plan and no taxes, penalties or fees are owing under any Employee Benefit Plan. Each Employee Benefit Plan complies, in both form and operation, in all material respects, with its terms, ERISA and the IRC, and no condition exists or event
has occurred with respect to any such plan which could reasonably be expected, either individually or in the aggregate, to have a Material Adverse Effect. Each Employee Benefit Plan, related trust agreement, arrangement and commitment of the
Borrower or any ERISA Affiliate is legally valid and binding and in full force and effect. To the best knowledge of the Borrower, no Employee Benefit Plan is being audited or investigated by any government agency or is subject to any threatened
claim or suit. No Employee Benefit Plan is subject to any pending claim or suit which could reasonably be expected, either individually or in the aggregate, to have a Material Adverse Effect. None of the Borrower and the ERISA Affiliates nor, to the
best knowledge of the Borrower, any fiduciary of any Employee Benefit Plan has engaged in a prohibited transaction under section 406 of ERISA or section 4975 of the IRC. 
 (iii) None of the Borrower and the ERISA Affiliates has maintained, contributed to or incurred any material liability (including secondary
liability) to any Multiemployer Plan. 
 (l) Other Regulations. No Loan Party is subject to regulation under the Investment Company
Act of 1940, the Public Utility Holding Company Act of 1935, the Federal Power Act, the Interstate Commerce Act, any state public utilities code or to any other Governmental Rule limiting its ability to incur Indebtedness. 
 (m) Governmental Charges. The Loan Parties have filed or caused to be filed all tax returns which are required to be filed by them. The Loan
Parties have paid, or made provision for the payment of, all taxes and other Governmental Charges which have or may have become due pursuant to said returns or otherwise and all other indebtedness, except such Governmental Charges or indebtedness,
if any, which are being contested in good faith and as to which adequate reserves (determined in accordance with GAAP) have been established. 
 (n) Margin Stock. No Loan Party owns any Margin Stock that, in the aggregate, would constitute a substantial part of the assets of the Borrower and its Subsidiaries taken as a whole, and no proceeds of any Loan will be used to
purchase or carry, directly or indirectly, any Margin Stock or to extend credit, directly or indirectly, to any Person for the purpose of purchasing or carrying any Margin Stock. 
 (o) Material Subsidiaries, Etc. Schedule 4.1(o) (as supplemented by the Borrower from time to time in a written notice to Lender) sets forth each
of the Material Subsidiaries of the 

  

 43 

 
Borrower, its jurisdiction of organization, the classes of its Equity Securities, the number of shares of each such class issued and outstanding, the
percentages of shares of each such class owned directly or indirectly by the Borrower and whether the Borrower owns such shares directly or, if not, the Subsidiary of the Borrower that owns such shares and the number of shares and percentages of
shares of each such class owned directly or indirectly by the Borrower. All of the outstanding Equity Securities of each such Material Subsidiary indicated on Schedule 4.1(o) as owned by the Borrower are owned beneficially and of record by
the Borrower free and clear of all Liens. 
 (p) Solvency, Etc. Each of the Loan Parties is Solvent and, after the execution and
delivery of the Credit Documents and the consummation of the transactions contemplated thereby, will be Solvent. 
 (q) Labor Matters.
There are no disputes presently subject to grievance procedure, arbitration or litigation under any of the collective bargaining agreements, employment contracts or employee welfare or incentive plans to which any Loan Party is a party, and there
are no strikes, lockouts, work stoppages or slowdowns, or, to the best knowledge of the Borrower, jurisdictional disputes or organizing activities occurring or threatened, in each case, which, either individually or in the aggregate, could
reasonably be expected to have a Material Adverse Effect. 
 (r) Burdensome Contractual Obligations. None of the Loan Parties and none
of their properties are subject to any Contractual Obligation or Requirement of Law which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 
 (s) No Material Adverse Effect. Since October 28, 2006, no event has occurred and no condition exists which, either individually or in the
aggregate, could reasonably be expected to have a Material Adverse Effect. 
 (t) Accuracy of Information Furnished. 
 (i) The Credit Documents and the other certificates, statements and information (excluding projections) furnished by the Loan Parties to
Lender in connection with the Credit Documents and the transactions contemplated thereby, taken as a whole, do not contain any untrue statement of a material fact and do not omit to state any material fact necessary to make the statements therein,
in light of the circumstances under which they were made, not misleading. All projections furnished by the Loan Parties to Lender in connection with the Credit Documents and the transactions contemplated thereby have been based upon reasonable
assumptions and represent, as of their respective dates of presentations, the Loan Parties’ good faith estimates of the future performance of the Loan Parties. 
 (ii) [Intentionally omitted.] 
 (u) Brokerage Commissions. No person is entitled to receive any brokerage commission, finder’s fee or similar fee or payment in connection with the extensions of credit contemplated by this Credit Agreement as a result of any
agreement entered into by the Borrower. No brokerage or other fee, commission or compensation is to be paid by Lender with respect to the extensions of credit contemplated hereby as a result of any agreement entered into 

  

 44 

 
by the Borrower, and the Borrower agrees to indemnify Lender against any such claims for brokerage fees or commissions and to pay all expenses, including,
reasonable attorneys’ fees incurred by Lender in connection with the defense of any action or proceeding brought to collect any such brokerage fees or commissions. 
 (v) Agreements with Affiliates and Other Agreements. Except as disclosed on Schedule 4.1(v), neither the Borrower nor any of its Subsidiaries has entered into and, as of the date of the applicable
Credit Event does not contemplate entering into, any material agreement or contract with any Affiliate of the Borrower except upon terms at least as favorable to such Loan Party as an arms-length transaction with unaffiliated Persons, based on the
totality of the circumstances. None of the Borrower nor any Subsidiaries of the Borrower is a party to or is bound by any Contractual Obligation or is subject to any restriction under its respective charter or formation documents, which could
reasonably be expected to have a Material Adverse Effect. 
 (w) Environmental and Zoning Compliance. The Borrower conducts, in the
ordinary course of business, for itself and the other Loan Parties, a review of the effect of existing Environmental Laws and claims alleging potential liability or responsibility for violation of any Environmental Law on their respective
businesses, operations and properties. To the best knowledge of the Borrower, no Loan Party (A) has violated any Environmental Laws, (B) has any liability under any Environmental Laws or (C) has received notice or other communication
of an investigation or is under investigation by any Governmental Authority having authority to enforce Environmental Laws, where such violation, liability or investigation could reasonably be expected to have, individually or in the aggregate, a
Material Adverse Effect. To the best knowledge of the Borrower, the Borrower’s use and operation of its business properties are in compliance with all applicable Laws, including all applicable land use and zoning laws, except to the extent that
non-compliance could not be reasonably expected to have a Material Adverse Effect. 
 (x) Trademarks, Patents, Copyrights and
Licenses. The Borrower and each of the Borrower’s Subsidiaries possess and either own, or have the right to use to the extent required, all necessary trademarks, trade names, copyrights, patents, patent rights and licenses which are
material to the conduct of their respective businesses as now operated. The Borrower and each of the Borrower’s Subsidiaries conduct their respective businesses without infringement or, to the best of the Borrower’s knowledge, claim of
infringement of any trademark, trade name, trade secret, service mark, patent, copyright, license or other intellectual property Right of Others, except where such infringement or claim of infringement could not reasonably be expected to have a
Material Adverse Effect. To the best knowledge of the Borrower, there is no infringement or, to the best of the Borrower’s knowledge, claim of infringement by others of any trademark, trade name, trade secret, service mark, patent, copyright,
license or other intellectual property right of the Borrower or any of the Borrower’s Subsidiaries that could reasonably be expected, either individually or in the aggregate, to have a Material Adverse Effect. 
 (y) Policies of Insurance. The properties of the Loan Parties are insured with financially sound and reputable insurance companies not Affiliates
of the Loan Parties, in such amounts, with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where the Loan Parties operate. 
  

 45 

 (z) [Intentionally omitted.] 
 (aa) Loans to Officers, etc. No officers, shareholders, directors or employees of the Borrower have any loans or other debt outstanding in favor
of any Loan Party which in the aggregate exceeds the existing $300,000.00 of loans. 
 (bb) Good Standing and State Tax Payments. The
Borrower and each of the Borrower’s Subsidiaries: (i) is in good standing under the laws of each jurisdiction where the ownership, lease or operation of property or the conduct of its business requires such qualification or license; and
(ii) is in good tax standing under the laws of each state in which it does business. 
 4.2 Reaffirmation. The Borrower shall be
deemed to have reaffirmed, for the benefit of Lender, each representation and warranty contained in Article IV on and as of the date of each Credit Event (except for representations and warranties expressly made as of a specified date, which
shall be true as of such date). 
 SECTION V. COVENANTS. 
 5.1 Affirmative Covenants. Until the termination of the Total Commitment and the satisfaction in full by the Borrower of all Obligations, the Borrower will comply, and will cause compliance by the other Loan
Parties, with the following affirmative covenants, unless Lender shall otherwise consent in writing: 
 (a) Financial Statements, Reports,
etc. The Borrower shall furnish to Lender, the following, each in such form and such detail as Lender shall reasonably request: 
 (i) As soon as available and in no event later than sixty (60) days after the last day of each of the first three Fiscal Quarters of each Fiscal Year of the Borrower, a copy of the Financial Statements of the Loan Parties (prepared on
a consolidated basis) for such quarter and for the Fiscal Year to date, certified by the president, chief executive officer or chief financial officer of the Borrower to present fairly in all material respects the financial condition, results of
operations and other information reflected therein and to have been prepared in accordance with GAAP (subject to normal year-end audit adjustments); 
 (ii) As soon as available and in no event later than ninety (90) days after the close of each Fiscal Year of the Borrower, (A) copies of the audited Financial Statements of the Loan Parties (prepared on a
consolidated basis) for such year, audited by independent certified public accountants of recognized national standing acceptable to Lender, together with copies of the unqualified opinions and all management letters, accountant reports or other
reports delivered by such accountants in connection with all such Financial Statements (all of which shall be delivered to Lender promptly upon receipt thereof by the Borrower or any Subsidiary of the Borrower), and (B) certificates of such
accountants to Lender stating that in making the examination necessary for their opinion they have reviewed this Agreement and have obtained no knowledge of any Default which has occurred and is continuing, or if, in the opinion of such accountants,
a Default has occurred and is continuing, a statement as to the nature thereof; 
  

 46 

 (iii) Contemporaneously with the quarterly and audited Financial Statements required by
the foregoing clauses (i) and (ii), a compliance certificate of the president, chief executive officer, chief financial officer, treasurer or vice president of finance of the Borrower in substantially the form of Exhibit H or such other
form as is approved by Lender (a “Compliance Certificate”) which (I) states that no Default or Event of Default has occurred and is continuing, or, if any such Default or Event of Default has occurred and is continuing, a statement as
to the nature thereof and what action Borrower proposes to take with respect thereto and (II) sets forth, for the quarter or year covered by such Financial Statements or as of the last day of such quarter or year (as the case may be), the
calculation of the financial ratios and tests provided in Section 5.3; 
 (iv) As soon as possible and in no event
later than ten (10) Business Days after any Loan Party knows of the occurrence or existence of (A) any actual or threatened litigation, suits, claims or disputes against Borrower or any of its Subsidiaries involving potential monetary
damages payable by any Loan Party of $5,000,000 or more alone or $10,000,000 or more in the aggregate, (B) any other event or condition which, either individually or in the aggregate, could be reasonably expected to have a Material Adverse
Effect, or (C) any Default, the statement of the president, chief executive officer or chief financial officer, treasurer or vice president of finance of the Borrower setting forth details of such event, condition or Default and the action
which the Borrower proposes to take with respect thereto; 
 (v) As soon as available and in no event later than ten
(10) Business Days after they are sent, made available or filed, copies of (A) all registration statements and reports filed by the Borrower or any of its Subsidiaries with any securities exchange or the United States Securities and
Exchange Commission (including all 10-Q, 10-K and 8-K reports) and (B) all press releases and other similar public announcements concerning any material developments in the business of the Borrower or any of its Subsidiaries made available by
the Borrower or any of its Subsidiaries to the public generally; 
 (vi) Concurrently with the distribution thereof to its
security holders, all reports, proxy statements and financial statements sent or made available by the Borrower or any of its Subsidiaries to its security holders; 
 (vii) [Intentionally omitted.] 
 (viii) [Intentionally omitted.] 
 (ix) As soon as possible and in no event later than thirty
(30) days after: (A) the establishment or acquisition by any Loan Party of any new Material Subsidiary; (B) the establishment or acquisition by any Loan Party of any new Equity Securities of any Material Subsidiary; or (C) any
Subsidiary becoming a Material Subsidiary, written notice of such establishment or acquisition; 
 (x) As soon as possible and
in no event later than five (5) Business Days after the receipt thereof by any Loan Party, a copy of any notice, summons, citations or other 

  

 47 

 
written communications concerning any actual, alleged, suspected or threatened violation of any Environmental Law, or any liability of any Loan Party for
Environmental Damages; 
 (xi) Such other instruments, agreements, certificates, opinions, statements, documents and
information relating to the operations or condition (financial or otherwise) of the Loan Parties, and compliance by the Borrower with the terms of this Agreement and the other Credit Documents as Lender may from time to time reasonably request.

 (b) Books and Records. The Loan Parties shall at all times keep proper books of record and account in which full, true and correct
entries will be made of their transactions in accordance with GAAP. 
 (c) Inspections. The Loan Parties shall permit Lender, or any
agent or representative thereof, upon reasonable notice and during normal business hours (except that if a Default or Event of Default shall have occurred and be continuing, no such notice is required), to visit and inspect any of the properties and
offices of the Loan Parties, to examine the books and records of the Loan Parties and make copies thereof, and to discuss the affairs, finances and business of the Loan Parties with, and to be advised as to the same by, their officers, auditors and
accountants, all at such times and intervals as Lender may reasonably request. Inspections pursuant to this Section 5.1(c) shall be at the expense of the Person making the inspection, unless such inspection shall be made after the
occurrence and during the continuance of a Default or Event of Default (in which case, the expense of such inspection shall be borne by the Borrower). Notwithstanding the foregoing sentence, it is understood and agreed by the Borrower that all
expenses in connection with any such inspection incurred by the Borrower, any officers or employees thereof or the independent certified public accountants therefor shall be expenses payable by the Borrower and shall not be expenses of Lender.

 (d) Insurance. The Loan Parties shall: 
 (i) Carry and maintain insurance during the term of this Agreement of the types, in the amounts and subject to such deductibles and other
terms customarily carried from time to time by others engaged in substantially the same business as such Person and operating in the same geographic area as such Person, including, but not limited to, fire, public liability, property damage and
worker’s compensation; 
 (ii) Furnish Lender, upon written request, full information as to the insurance carried; and

 (iii) Carry and maintain each policy for such insurance with (A) a company which is rated A or better by A.M. Best and
Company at the time such policy is placed and at the time of each annual renewal thereof or (B) any other insurer which is reasonably satisfactory to Lender. 
 (e) provided, however, that if any Loan Party shall fail to maintain insurance in accordance with this Section 5.1(d), Lender shall have the right (but shall be under no obligation) to
procure such insurance and the Borrower agrees to reimburse Lender for all costs and expenses of procuring such insurance. 
  

 48 

 (f) Governmental Charges and Other Indebtedness. Each Loan Party shall promptly pay and discharge
when due (i) all taxes and other Governmental Charges prior to the date upon which penalties accrue thereon, (ii) all Indebtedness which, if unpaid, could become a Lien upon the property of such Loan Party and (iii) subject to any
subordination provisions applicable thereto, all other Indebtedness which in each case, if unpaid, could reasonably be expected to have a Material Adverse Effect. 
 (g) Use of Proceeds. The Borrower shall use the proceeds of the Loans only for the respective purposes set forth in Section 2.1(g). The Borrower shall not use any part of the proceeds of any Loan,
directly or indirectly, for the purpose of purchasing or carrying any Margin Stock or for the purpose of purchasing or carrying or trading in any securities under such circumstances as to involve the Borrower or Lender in a violation of Regulations
T, U or X issued by the Federal Reserve Board. 
 (h) General Business Operations. Each of the Loan Parties shall (i) preserve,
renew and maintain in full force its legal existence and good standing under the Governmental Rules of the jurisdiction of its organization and all of its rights, licenses, leases, qualifications, privileges franchises and other authority reasonably
necessary to the conduct of its business, (ii) conduct its business activities in compliance with all Requirements of Law and Contractual Obligations applicable to such Person, (iii) keep all property useful and necessary in its business
in good working order and condition, ordinary wear and tear excepted and from time to time make, or cause to be made, all necessary and proper repairs, except, in each case, where any failure, either individually or in the aggregate, could not
reasonably be expected to have a Material Adverse Effect, (iv) maintain, preserve and protect all of its rights to enjoy and use material trademarks, trade names, service marks, patents, copyrights, licenses, leases, franchise agreements and
franchise registrations and (v) conduct its business in an orderly manner without voluntary interruption. 
 (i) Compliance with
Requirements of Law and Contractual Obligations. Each Loan Party shall comply with all applicable Requirements of Law and Contractual Obligations noncompliance with which could reasonably be expected to have, either individually or in the
aggregate, a Material Adverse Effect. 
 (j) New Material Subsidiaries. The Borrower shall, at its own expense, promptly, and in any
event within thirty (30) calendar days after: (i) the formation or acquisition of any new direct or indirect Material Subsidiary of the Borrower after the date hereof; or (ii) any Subsidiary indirectly or directly becomes a Material
Subsidiary (x) notify Lender of such event and (y) cause each Person that becomes a direct or indirect Material Subsidiary of the Borrower after the date hereof to guarantee the Obligations pursuant to documentation which is in form and
substance satisfactory to Lender. 
 (k) Notices. Promptly and in any event, with respect to Section 5.1(i), no later than
five (5) Business Days after knowledge thereof by a Responsible Officer), notify Lender of: 
 (i) the occurrence of any
Default or Event of Default; 
  

 49 

 (ii) any matter that has resulted or could be reasonably expected to have a Material
Adverse Effect, including (A) breach or non-performance of, or any default under, a Contractual Obligation of the Borrower or any Guarantor; (B) any dispute, litigation, investigation, proceeding or suspension between the Borrower or any
Guarantor and any Governmental Authority; or (C) the commencement of, or any material development in, any litigation or proceeding affecting the Borrower or any Guarantor, including pursuant to any applicable Environmental Laws; 
 (iii) any litigation, investigation or proceeding affecting the Borrower or any Guarantor in which the amount of damages asserted exceeds
$5,000,000, or in which injunctive relief or similar relief is sought, which relief, if granted, could be reasonably expected to have a Material Adverse Effect; and 
 (iv) any material change in accounting policies or financial reporting practices by the Borrower or any Material Subsidiary. 

Each notice pursuant to this Section 5.1(k) shall be accompanied by a statement of a Responsible Officer of the Borrower setting forth
details of the occurrence referred to therein and stating what action the Borrower has taken and proposes to take with respect thereto. Each notice pursuant to Section 5.1(k)(i) shall describe with particularity any and all provisions of
this Agreement or other Credit Document that have been breached. 
 (l) [Intentionally omitted.] 
 (m) [Intentionally omitted.] 
 5.2
Negative Covenants. Until the termination of the Total Commitment and the satisfaction in full by the Borrower of all Obligations, the Borrower will not, and will not permit any of the other Loan Parties to do any of the following, unless
Lender shall have otherwise consented in writing: 
 (a) Indebtedness and Guaranty Obligations. Create, incur, assume or permit to
exist any Indebtedness or Guaranty Obligations except for the following (“Permitted Indebtedness”): 
 (i)
Indebtedness or Guaranty Obligations of the Loan Parties under the Credit Documents; 
 (ii) Indebtedness of the Loan Parties
listed in Schedule 5.2(a) and existing on the date of this Agreement; 
 (iii) Guaranty Obligations of any Loan Party
in respect of Permitted Indebtedness of any other Loan Party; 
 (iv) Indebtedness of the Borrower or any of its Subsidiaries
to any Loan Party; and 
 (v) [Intentionally omitted.] 
  

 50 

 (vi) Indebtedness in an amount not to exceed $25,000,000 in the aggregate outstanding at
any one time. 
 (b) Liens; Negative Pledges. Create, incur, assume or permit to exist any Lien on or with respect to any of its
assets or property of any character or suffer to exist any Negative Pledge with respect to any of its assets or property of any character, in either case whether now owned or hereafter acquired, except for the following (“Permitted
Liens”): 
 (i) Liens listed in Schedule 5.2(b) and existing on the date of this Agreement; 
 (ii) Liens for taxes or other Governmental Charges not at the time delinquent or thereafter payable without penalty; 
 (iii) Liens of carriers, warehousemen, mechanics, materialmen, vendors, repairmen, loggers and landlords and other similar Liens imposed
by law incurred in the ordinary course of business for sums which are either (a) not overdue more than 45 days or (b) being contested in good faith and (I) which do not exceed $500,000 in the aggregate at any time or (II) which exceed
$500,000 in the aggregate but for which the Borrower has established adequate reserves for the payment thereof (to the extent such amount exceeds $500,000) in accordance with GAAP and which are not subject to imminent risk of foreclosure;

 (iv) Deposits under workers’ compensation, unemployment insurance and social security laws or to secure the
performance of bids, tenders, contracts (other than for the repayment of borrowed money) or leases, or to secure statutory obligations of surety or appeal bonds or to secure indemnity, performance or other similar bonds in the ordinary course of
business; 
 (v) Zoning restrictions, easements, rights-of-way, title irregularities and other similar encumbrances, which
alone or in the aggregate are not substantial in amount and do not materially detract from the value of the property subject thereto or interfere with the ordinary conduct of the business of any Loan Party; 
 (vi) Purchase money Liens to the extent securing Indebtedness permitted under Section 5.2(a)(vi); and 
 (vii) Liens to the extent securing any obligations with respect to any Commercial Letters of Credit issued hereunder. 
 (c) Asset Dispositions. Directly or indirectly, sell, lease, convey, transfer or otherwise dispose of any property, whether now owned or hereafter
acquired, with respect to any of its properties, or enter into any agreement to do any of the foregoing, except for the following: 
 (i) Sales by the Loan Parties of inventory in the ordinary course of their businesses; 
  

 51 

 (ii) Sales by the Loan Parties of surplus, damaged, worn or obsolete assets in the
ordinary course of their businesses, provided that no Default shall have occurred and be continuing; and 
 (d) Mergers, Acquisitions,
Etc. Consolidate with or merge into any other Person or permit any other Person to merge into it, acquire any Person as a new Material Subsidiary or, if the consideration for which is, in the aggregate, in excess of $25,000,000, acquire, either
in one transaction or a series of related transactions, all or substantially all of the assets of any other Person, except that the Borrower and the other Loan Parties may merge with each other, provided that (A) no Default or Event of Default
will result after giving effect to any such merger and (B) in any such merger involving the Borrower, the Borrower is the surviving Person. 
 (e) Investments. Make any Investment except for Investments in the following: 
 (i) Investments by the Loan
Parties in cash and Cash Investments; 
 (ii) Investments listed in Schedule 5.2(e) existing on the date of this
Agreement which are not otherwise permitted under subsection (i) above; 
 (iii) Subject to Section 5.2(j),
Investments by the Loan Parties in each other; and 
 (iv) Investments in Equity Securities of an entity whose business is the
ownership of real property used by Borrower in the ordinary course of its business, in an aggregate amount not to exceed $15,000,000. 
 (f)
[Intentionally omitted.] 
 (g) Change in Business. Engage, either directly or indirectly through Affiliates, in any business
substantially different from its present business, provided, however, this section shall not prohibit Borrower from expending an amount of funds on alternative business ventures that is not material. 
 (h) Payments of Indebtedness, Etc. (i) Prepay, redeem, purchase, defease or otherwise satisfy in any manner prior to the scheduled payment
thereof any Indebtedness (other than the Obligations to the extent set forth in this Agreement); (ii) amend, modify or otherwise change the terms of any document, instrument or agreement evidencing Indebtedness (other than the Obligations to
the extent set forth in this Agreement) so as to accelerate the scheduled payment thereof; or (iii) amend, modify or otherwise change any of the subordination or other provisions of any document, instrument or agreement evidencing subordinated
Indebtedness in a manner which adversely affects the material rights of Lender. 
 (i) ERISA. 
 (i) (A) Adopt or institute any Employee Benefit Plan that is an employee pension benefit plan within the meaning of section 3(2) of
ERISA, including any such plan that is subject to section 412 of the IRC, section 302 of ERISA, (B) maintain, 

  

 52 

 
contribute to or incur any material liability (including secondary liability) to any Multiemployer Plan, (C) engage or permit any Person to engage in
any transaction prohibited by section 406 of ERISA or section 4975 of the IRC involving any Employee Benefit Plan which would subject the Borrower or any ERISA Affiliate to any tax, penalty or other liability including a liability to indemnify,
(D) fail to make full payment when due of all amounts due as contributions to any Employee Benefit Plan, (E) fail to comply with the requirements of section 4980B of the IRC or Part 6 of Title I(B) of ERISA, or (F) adopt any amendment
to any Employee Benefit Plan which would require the posting of security pursuant to section 401(a)(29) of the IRC, where singly or cumulatively, the above would be reasonably likely to have a Material Adverse Effect. 
 (ii) (A) Engage in any transaction prohibited by any Governmental Rule applicable to any Foreign Plan, (B) fail to make full
payment when due of all amounts due as contributions to any Foreign Plan or (C) otherwise fail to comply with the requirements of any Governmental Rule applicable to any Foreign Plan, where singly or cumulatively, the above would be reasonably
likely to have a Material Adverse Effect. 
 (j) Transactions With Affiliates. Enter into any Contractual Obligation with any
Affiliate (other than any other Loan Party) or engage in any other transaction with any Affiliate except upon terms at least as favorable to such Loan Party as an arms-length transaction with unaffiliated Persons. 
 (k) Accounting Changes. Change (i) its Fiscal Year or (ii) its material accounting practices except as required by GAAP. 
 (l) Swap Agreements. Enter into any Swap Agreement, except (i) Swap Agreements entered into to hedge or mitigate risks to which the Borrower
or any Subsidiary has actual exposure (other than those in respect of Equity Securities of the Borrower or any of its Subsidiaries), and (ii) Swap Agreements entered into in order to effectively cap, collar or exchange interest rates (from
fixed to floating rates, from one floating rate to another floating rate or otherwise) with respect to any interest-bearing liability or investment of the Borrower or any Subsidiary. 
 (m) [Intentionally omitted.] 
 (n)
Sales and Leaseback. Engage in any Sale and Leaseback transaction with respect to any of its assets or property of any character, whether now owned or hereafter acquired. 
 5.3 Financial Covenants. Until the termination of the Total Commitment and the satisfaction in full by the Borrower of all Obligations, the
Borrower will comply, and will cause compliance by the other Loan Parties, with the following financial covenants, unless Lender shall otherwise consent in writing: 
 (a) Minimum Fixed Charge Coverage Ratio. The Borrower shall not permit, as of the last day of any Fiscal Quarter of the Borrower, the Fixed Charge Coverage Ratio of the Loan Parties, on a consolidated basis,
for the most recent ended four (4) consecutive Fiscal Quarters to be less than: (i) 1.85 to 1.00 beginning February 3, 2007, and as of the last day of each Fiscal Quarter thereafter, through and including the Fiscal Quarter ending
October 31, 2009; and (ii)

  

 53 

 
1.90 to 1.00 beginning January 30, 2010, and as of the last day of each Fiscal Quarter thereafter through the Revolving Loan Maturity Date. 

(b) Minimum Consolidated Tangible Net Worth. The Borrower shall not permit at any time the Consolidated Tangible Net Worth of the Loan Parties
to be less than the sum of the following: 
 (i) $256,000,000; plus 
 (ii) Sixty-five percent (65%) of the sum of the Loan Parties’ quarterly Net Income (ignoring any quarterly losses) after taxes
for each Fiscal Quarter of the Loan Parties from and after October 28, 2006. 
 SECTION VI. DEFAULT. 
 6.1 Events of Default. The occurrence or existence of any one or more of the following shall constitute an “Event of Default” hereunder:

 (a) Non-Payment. Any Loan Party shall (i) fail to pay, within one (1) day after the same becomes due, any principal of
any Loan or any L/C Obligation, (ii) fail to pay, within three (3) days after the same becomes due, any interest required under the terms of this Agreement or any of the other Credit Documents, or (iii) fail to pay after the same
becomes due any fees or other amounts payable under the terms of this Agreement or any of the other Credit Documents and such failure shall continue for three (3) Business Days after the earlier of the due date or, if there is no express due
date, then the date three (3) Business Days after demand; or 
 (b) Specific Defaults. The Borrower shall fail to observe or
perform any covenant, obligation, condition or agreement set forth in Section 5.1(j), Section 5.2 or Section 5.3; or 
 (c) Other Defaults. Any Loan Party shall fail to observe or perform any other covenant, obligation, condition or agreement contained in this Agreement or any other Credit Document and such failure shall continue for
thirty (30) days after the earlier of (i) any Loan Party’s written acknowledgement of such failure and (ii) Lender’s written notice to the Borrower of such failure; or 
 (d) Representations and Warranties. Any representation, warranty, certificate, information or other statement (financial or otherwise) made or
furnished by or on behalf of any Loan Party to Lender in or in connection with this Agreement or any of the other Credit Documents, or as an inducement to Lender to enter into this Agreement, shall be false, incorrect, incomplete or misleading in
any material respect when made or furnished; or 
 (e) Cross-Default. Any Loan Party shall (i) fail to make any payment on
account of any Indebtedness or Contingent Obligation of such Person (other than the Obligations) when due (whether at scheduled maturity, by required prepayment, upon acceleration or otherwise) and such failure shall continue beyond any grace period
provided with respect thereto, if the amount of such Indebtedness or Contingent Obligation exceeds $500,000 or the effect of such failure is to cause, or permit the holder or holders thereof to cause, such Indebtedness and/or Contingent Obligation
of any Loan Party (other than the Obligations) in an aggregate amount exceeding 

  

 54 

 
$500,000 to become redeemable, liquidated, due or otherwise payable (whether at scheduled maturity, by required prepayment, upon acceleration or otherwise)
and/or to be secured by cash collateral or (ii) otherwise fail to observe or perform any agreement, term or condition contained in any agreement or instrument relating to any Indebtedness or Contingent Obligation of such Person (other than the
Obligations), or any other event shall occur or condition shall exist, if the effect of such failure, event or condition is to cause, or permit the holder or holders thereof to cause, such Indebtedness and/or Contingent Obligation of any Loan Party
(other than the Obligations) in an aggregate amount exceeding $500,000 to become redeemable, liquidated, due or otherwise payable (whether at scheduled maturity, by required prepayment, upon acceleration or otherwise) and/or to be secured by cash
collateral; or 
 (f) Insolvency; Voluntary Proceedings. Any Loan Party shall (i) apply for or consent to the appointment of a
receiver, trustee, liquidator or custodian of itself or of all or a substantial part of its property, (ii) be unable, or admit in writing its inability, to pay its debts generally as they mature, (iii) make a general assignment for the
benefit of its or any of its creditors, (iv) be dissolved or liquidated in full or in part, (v) become insolvent (as such term may be defined or interpreted under any applicable statute), or (vi) commence a voluntary case or other
proceeding seeking liquidation, reorganization or other relief with respect to itself or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or consent to any such relief or to the appointment of or taking
possession of its property by any official in an involuntary case or other proceeding commenced against it; or 
 (g) Involuntary
Proceedings. Proceedings for the appointment of a receiver, trustee, liquidator or custodian of any Loan Party or of all or a substantial part of the property thereof, or an involuntary case or other proceedings seeking liquidation,
reorganization or other relief with respect to any Loan Party or the debts thereof under any bankruptcy, insolvency or other similar law now or hereafter in effect shall be commenced and an order for relief entered or such proceeding shall not be
dismissed or discharged within ninety (90) days of commencement; or 
 (h) Judgments. (i) One or more judgments, orders,
decrees or arbitration or mediation awards requiring any Loan Party to pay an aggregate amount of $10,000,000 or more shall be rendered during the term of this Agreement (or an aggregate amount of $5,000,000 or more shall be rendered during any
Fiscal Year) against any Loan Party in connection with any single or related series of transactions, incidents or circumstances and the same shall not be satisfied, vacated, stayed or pending appeal for a period of thirty (30) consecutive days;
(ii) any judgment, writ, assessment, warrant of attachment, tax lien or execution or similar process shall be issued or levied against a substantial part of the property of any Loan Party and the same shall not be released, stayed, vacated or
otherwise dismissed within thirty (30) days after issue or levy; or (iii) any other judgments, orders, decrees, arbitration or mediation awards, writs, assessments, warrants of attachment, tax liens or executions or similar processes
which, alone or in the aggregate, could reasonably be expected to have a Material Adverse Effect are rendered, issued or levied; or 
 (i)
Credit Documents. Any Credit Document or any material term thereof shall cease to be, or be asserted by any Loan Party not to be, a legal, valid and binding obligation of such Loan Party enforceable in accordance with its terms; or

  

 55 

 (j) [Intentionally omitted.] 
 (k) Material Adverse Effect. A Material Adverse Effect shall have occurred or exist; or 
 (l) Involuntary Dissolution or Split Up. Any order, judgment or decree shall be entered against the Borrower decreeing its involuntary dissolution
or split up and such order shall remain undischarged and unstayed for a period in excess of sixty (60) days. 
 6.2 Remedies. At
any time after the occurrence and during the continuance of any Event of Default (other than an Event of Default referred to in Section 6.1(f) or 6.1(g)), Lender may, by written notice to the Borrower, (a) terminate the Total
Commitment, any obligation of the L/C Issuer to make L/C Credit Extensions and the obligation of Lender to make Loans, (b) require that the Borrower Cash Collateralize the L/C Obligations in an amount equal to 103% of the then Effective Amount
of the L/C Obligations; and/or (c) declare all or a portion of the outstanding Obligations payable by the Borrower to be immediately due and payable without presentment, demand, protest or any other notice of any kind, all of which are hereby
expressly waived, anything contained herein or in the Notes to the contrary notwithstanding. Upon the occurrence or existence of any Event of Default described in Section 6.1(f) or 6.1(g), immediately and without notice,
(1) the Total Commitment, any obligation of the L/C Issuer to make L/C Credit Extensions and the obligation of Lender to make Loans shall automatically terminate, (2) the obligation of the Borrower to Cash Collateralize the L/C Obligations
in an amount equal to 103% of the then Effective Amount of the L/C Obligations shall automatically become effective and (3) all outstanding Obligations payable by the Borrower hereunder shall automatically become immediately due and payable,
without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the Notes to the contrary notwithstanding. In addition to the foregoing remedies, upon the occurrence or
existence of any Event of Default, Lender may exercise any other right, power or remedy available to it under any of the Credit Documents or otherwise by law, either by suit in equity or by action at law, or both. 
 SECTION VII. [INTENTIONALLY OMITTED.] 
 SECTION VIII.
MISCELLANEOUS. 
 8.1 Notices. Except as otherwise provided herein, all notices, requests, demands, consents, instructions or other
communications to or upon the Borrower or Lender under this Agreement or the other Credit Documents shall be in writing and faxed, mailed or delivered, if to the Borrower or the L/C Issuer or Lender, at its respective facsimile number or address set
forth below (or to such other facsimile number or address for any party as indicated in any notice given by that party to the other parties). All such notices and communications shall be effective (a) when sent by an overnight courier service
of recognized standing, on the second Business Day following the deposit with such service; (b) when mailed, first class postage prepaid and addressed as aforesaid through the United States Postal Service, upon receipt; (c) when delivered
by hand, upon delivery; and (d) when sent by facsimile transmission, upon confirmation of receipt; provided, however, that any notice delivered to Lender, the L/C Issuer or Lender under Article II shall not be effective until
actually received by such Person. 
  

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	 Lender and L/C Issuer:
	  	Wells Fargo Bank, National Association
		  	MAC U1858-032
		  	877 W. Main Street, 3rd Floor
		  	Boise, ID 83702
		  	Attention: Brian W. Cook
		
		  	Tel. No. 208-393-2162
		  	Fax No. 208-393-2472
		  	email: bcook@wellsfargo.com
		
	 The Borrower:
	  	Coldwater Creek Inc.
		  	One Coldwater Creek Drive
		  	Sandpoint, ID 83864
		  	Attention: Vice President, Finance
		
		  	Tel. No. 208-265-7385
		  	Fax No. 208-265-7108
		  	email: TMartin@thecreek.com
	
	 With a copy (for notices of Defaults and/or Events of Default only) to:

		
		  	Elsaesser, Jarzabek, Anderson, Marks, Elliott & McHugh
		  	Chartered
		  	Lake and Third Streets, 2nd Floor
		  	122 S. Third Avenue
		  	Sandpoint, ID 83864
		  	Attention: Ford Elsaesser
		
		  	Tel. No. 208-263-8510
		  	Fax No. 208- 263-0759
		  	email: ford@ejame.com

 Each Notice of Borrowing, Notice of Conversion and Notice of Interest Period Selection shall be
given by the Borrower to Lender’s office located at the address referred to above during Lender’s normal business hours; provided, however, that any such notice received by Lender after 9:00 a.m. on any Business Day shall be
deemed received by Lender on the next Business Day. In any case where this Agreement authorizes notices, requests, demands or other communications by the Borrower to the Lender to be made by telephone or facsimile, Lender may conclusively presume
that anyone purporting to be a person designated in any incumbency certificate or other similar document received by Lender is such a person. 
 8.2 Expenses. The Borrower shall pay on demand, whether or not any Credit Event occurs hereunder, (a) all reasonable fees and expenses, including reasonable attorneys’ fees and expenses, incurred by Lender in connection
with the preparation, negotiation, execution and delivery of, and the exercise of its duties under, this Agreement and the other Credit Documents, and the preparation, negotiation, execution and delivery of amendments and waivers hereunder 

  

 57 

 
and thereunder and (b) all fees and expenses, including attorneys’ fees and expenses, incurred by Lender in the enforcement or attempted
enforcement of any of the Obligations or in preserving any of Lender’s rights and remedies (including, without limitation, all such fees and expenses incurred in connection with any “workout” or restructuring affecting the Credit
Documents or the Obligations or any bankruptcy or similar proceeding involving any Loan Party). As used herein, the term “attorneys’ fees and expenses” shall include, without limitation, allocable costs and expenses of Lender’s
in-house legal counsel and staff. The obligations of the Borrower under this Section 8.2 shall survive the payment and performance of the Obligations and the termination of the Total Commitment. 
 8.3 Indemnification. To the fullest extent permitted by law, the Borrower agrees to protect, indemnify, defend and hold harmless the L/C Issuer,
the Lender and its Affiliates and its respective directors, officers, employees, attorneys, agents, trustees and advisors (collectively, “Indemnitees”) from and against any and all liabilities, losses, damages or expenses of any kind or
nature and from any suits, claims or demands (including in respect of or for reasonable attorneys’ fees and other expenses) arising on account of or in connection with any matter or thing or action or failure to act by Indemnitees, or any of
them, arising out of or relating to (a) the Credit Documents or any transaction contemplated thereby or related thereto, including the making of any Loans and any use by the Borrower of any proceeds of the Loans or the Letters of Credit,
(b) any Environmental Damages, and (c) any claims for brokerage fees or commissions in connection with the Credit Documents or any transaction contemplated thereby or in connection with the Borrower’s failure to conclude any other
financing, and to reimburse each Indemnitee on demand for all reasonable legal and other expenses incurred in connection with investigating or defending any of the foregoing. Upon receiving knowledge of any suit, claim or demand asserted by a third
party that the L/C Issuer or Lender believes is covered by this indemnity, the Lender or the L/C Issuer shall promptly give the Borrower notice of the matter and Lender and, as applicable, the L/C Issuer may select its own counsel or request that
the Borrower defend such suit, claim or demand, with legal counsel satisfactory to Lender or the L/C Issuer as the case may be, at the Borrower’s sole cost and expense. Lender and, as applicable, the L/C Issuer may also require Borrower to
defend the matter. Any failure or delay of Lender or the L/C Issuer to notify Borrower of any such suit, claim or demand shall not relieve the Borrower of its obligations under this Section 8.3 but shall reduce such obligations to the
extent of any increase in those obligations caused solely by any such failure or delay which is unreasonable. The obligations of the Borrower under this Section 8.3 shall survive the payment and performance of the Obligations and the
termination of this Agreement. 
 8.4 Waivers; Amendments. Any term, covenant, agreement or condition of this Agreement or any other
Credit Document may be amended or waived, and any consent under this Agreement or any other Credit Document may be given, if such amendment, waiver or consent is in writing and is signed by the Borrower and Lender; provided, however,
that any amendment, waiver or consent which affects the rights or duties of the L/C Issuer under this Agreement or any Letter of Credit Application relating to any Letter of Credit issued or to be issued by it must be in writing and signed by the
L/C Issuer; and 
 No failure or delay by Lender or the L/C Issuer in exercising any right under this Agreement or any other Credit Document
shall operate as a waiver thereof or of any other right hereunder or thereunder nor shall any single or partial exercise of any such right preclude any 

  

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other further exercise thereof or of any other right hereunder or thereunder. Unless otherwise specified in such waiver or consent, a waiver or consent given
hereunder shall be effective only in the specific instance and for the specific purpose for which given. 
 8.5 Successors and
Assigns. 
 (a) Binding Effect. This Agreement and the other Credit Documents shall be binding upon and inure to the benefit of
the Borrower, the Lender and their respective successors and, as to Lender, assigns and as to Borrower, assigns conditioned upon Borrower having first obtained the prior written consent of Lender, except that no Loan Party may assign or transfer any
of its rights or obligations under any Credit Document without the prior written consent of the Lender. Any purported assignment or transfer by a Loan Party in contravention of the foregoing sentence shall be null and void. 
 (b) Participations. Lender may, without notice to or consent of the Borrower, at any time sell to one or more banks or other financial
institutions (“Participants”) participating interests in all or a portion of any Loan owing to Lender, any Note held by Lender, the Total Commitment of Lender or any other interest of Lender under this Agreement and the other Credit
Documents (including for purposes of this subsection (b), participations in L/C Obligations). In the event of any such sale by Lender of participating interests, Lender’s obligations under this Agreement shall remain unchanged, Lender shall
remain solely responsible for the performance thereof, Lender shall remain the holder of its Notes for all purposes under this Agreement and the Borrower shall continue to deal solely and directly with Lender in connection with Lender’s rights
and obligations under this Agreement. The Borrower agrees that if amounts outstanding under this Agreement and the other Credit Documents are not paid when due (whether upon acceleration or otherwise), each Participant shall, to the fullest extent
permitted by law, be deemed to have the right of setoff in respect of its participating interest in amounts owing under this Agreement and any other Credit Documents to the same extent as if the amount of its participating interest were owing
directly to it as a Lender under this Agreement or any other Credit Documents. The Borrower also agrees that if Lender transfers any participating interest in its Total Commitment or Loans Lender shall, notwithstanding any such transfer, be entitled
to the full benefits accorded Lender under Sections 2.11, 2.12 and 2.13, as if Lender had not made such transfer. 
 (c)
[Intentionally omitted.] 
 (d) [Intentionally omitted.] 
 (e) [Intentionally omitted.] 
 (f)
Disclosure. Lender may disclose the Credit Documents and any financial or other information relating to the Borrower and its Subsidiaries to any potential Participant. 
 (g) Pledges to Federal Reserve Banks. Notwithstanding any other provision of this Agreement, Lender may at any time assign all or a portion of its
rights under this Agreement and the other Credit Documents to a Federal Reserve Bank. No such assignment shall relieve Lender from its obligations under this Agreement and the other Credit Documents. 
  

 59 

 8.6 Setoff. 
 (a) Setoffs by Lender. In addition to any rights and remedies of Lender provided by law, Lender shall have the right, without prior notice to or consent of the Borrower, any such notice and consent being
expressly waived by the Borrower to the extent permitted by applicable law, upon the occurrence and during the continuance of an Event of Default, to set-off and apply against the Obligations any amount owing from Lender to the Borrower. The
aforesaid right of set-off may be exercised by Lender against the Borrower or against any trustee in bankruptcy, debtor in possession, assignee for the benefit of creditors, receiver or execution, judgment or attachment creditor of the Borrower or
against anyone else claiming through or against the Borrower or such trustee in bankruptcy, debtor in possession, assignee for the benefit of creditors, receiver, or execution, judgment or attachment creditor, notwithstanding the fact that such
right of set-off may not have been exercised by Lender at any prior time. Lender agrees promptly to notify the Borrower after any such set-off and application made by Lender; provided, that the failure to give such notice shall not affect the
validity of such set-off and application. 
 (b) No Setoffs by the Borrower. All sums payable by the Borrower pursuant to this
Agreement or any of the other Credit Documents shall be payable without notice or demand and shall be payable in Dollars without setoff or reduction of any manner whatsoever; provided, however, that notwithstanding the
requirement that all payments be made without setoff or reduction, if any invoice by Lender for interest, loan fees or letter of credit commissions incorrectly states that the Borrower owes an amount greater than the amount actually due, the
Borrower pays the amount due on such invoice and then such error is corrected by Lender or determined as having been made by a court having jurisdiction pursuant to the terms of this Agreement, then the Borrower may apply the amount of such
overpayment toward future payments due hereunder or, in the event no further payments will fall due hereunder, recover such overpayment from Lender. 
 8.7 No Third Party Rights. Nothing expressed in or to be implied from this Agreement is intended to give, or shall be construed to give, any Person, other than the parties hereto and their permitted successors
and assigns hereunder, any benefit or legal or equitable right, remedy or claim under or by virtue of this Agreement or under or by virtue of any provision herein. 
 8.8 Partial Invalidity. If at any time any provision of this Agreement is or becomes illegal, invalid or unenforceable in any respect under the law of any jurisdiction, neither the legality, validity or
enforceability of the remaining provisions of this Agreement nor the legality, validity or enforceability of such provision under the law of any other jurisdiction shall in any way be affected or impaired thereby. 
 8.9 Jury Trial. THE BORROWER AND THE LENDER EACH, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL
BY JURY AS TO ANY ISSUE RELATING HERETO IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT. 
  

 60 

 8.10 Counterparts. This Agreement may be executed in any number of identical counterparts, any set
of which signed by all the parties hereto shall be deemed to constitute a complete, executed original for all purposes. Copies of documents or signature pages bearing original signatures, and executed documents or signature pages delivered by a
party by telefax, facsimile, or e-mail transmission of an Adobe® file format document (also known as a PDF file) shall, in each such instance, be deemed to be, and shall constitute and be treated as, an original signed document or counterpart,
as applicable. Any party delivering an executed counterpart of this Agreement by telefax, facsimile, or e-mail transmission of an Adobe® file format document also shall deliver an original executed counterpart of this Agreement, but the failure
to deliver an original executed counterpart shall not affect the validity, enforceability, and binding effect of this Agreement. 
 8.11
Consent to Jurisdiction. The Borrower irrevocably submits to the non-exclusive jurisdiction of the courts of the State of Idaho and the courts of the United States of America located in the District of Idaho and agrees that any legal action,
suit or proceeding arising out of or relating to this Agreement or any of the other Credit Documents may be brought against such party in any such courts. Final judgment against the Borrower in any such action, suit or proceeding shall be conclusive
and may be enforced in any other jurisdiction by suit on the judgment, a certified or exemplified copy of which shall be conclusive evidence of the judgment, or in any other manner provided by law. Nothing in this Section 8.11 shall
affect the right of Lender to commence legal proceedings or otherwise sue the Borrower in any other appropriate jurisdiction, or concurrently in more than one jurisdiction, or to serve process, pleadings and other papers upon the Borrower in any
manner authorized by the laws of any such jurisdiction. The Borrower agrees that process served either personally or by registered mail shall, to the extent permitted by law, constitutes adequate service of process in any such suit. The Borrower
irrevocably waives to the fullest extent permitted by applicable law (a) any objection which it may have now or in the future to the laying of the venue of any such action, suit or proceeding in any court referred to in the first sentence
above; (b) any claim that any such action, suit or proceeding has been brought in an inconvenient forum; (c) its right of removal of any matter commenced by any other party in the courts of the State of Idaho to any court of the United
States of America; (d) any immunity which it or its assets may have in respect of its obligations under this Agreement or any other Credit Document from any suit, execution, attachment (whether provisional or final, in aid of execution, before
judgment or otherwise) or other legal process; and (e) any right it may have to require the moving party in any suit, action or proceeding brought in any of the courts referred to above arising out of or in connection with this Agreement or any
other Credit Document to post security for the costs of the Borrower or to post a bond or to take similar action. 
 8.12 Arbitration.

 (a) Arbitration. The parties hereto agree, upon demand by any party, to submit to binding arbitration all claims, disputes and
controversies between or among them (and their respective employees, officers, directors, attorneys, and other agents), whether in tort, contract or otherwise arising out of or relating to in any way (i) the Loans and related Credit Documents
which are the subject of this Agreement and its negotiation, execution, collateralization, administration, repayment, modification, extension, substitution, formation, inducement, enforcement, default or termination, or (ii) requests for
additional credit. 
  

 61 

 (b) Governing Rules. Any arbitration proceeding will (i) proceed in a location in Idaho
selected by the American Arbitration Association (“AAA”); (ii) be governed by the Federal Arbitration Act (Title 9 of the United States Code), notwithstanding any conflicting choice of law provision in any of the documents between the
parties; and (iii) be conducted by the AAA, or such other administrator as the parties shall mutually agree upon, in accordance with the AAA’s commercial dispute resolution procedures, unless the claim or counterclaim is at least
$1,000,000.00 exclusive of claimed interest, arbitration fees and costs in which case the arbitration shall be conducted in accordance with the AAA’s optional procedures for large, complex commercial disputes (the commercial dispute resolution
procedures or the optional procedures for large, complex commercial disputes to be referred to, as applicable, as the “Rules”). If there is any inconsistency between the terms hereof and the Rules, the terms and procedures set forth herein
shall control. Any party who fails or refuses to submit to arbitration following a demand by any other party shall bear all costs and expenses incurred by such other party in compelling arbitration of any dispute. Nothing contained herein shall be
deemed to be a waiver by any party that is a bank of the protections afforded to it under 12 U.S.C. §91 or any similar applicable state law. 
 (c) No Waiver of Provisional Remedies, Self-Help and Foreclosure. The arbitration requirement does not limit the right of any party to (i) foreclose against real or personal property collateral; (ii) exercise self-help
remedies relating to collateral or proceeds of collateral such as setoff or repossession; or (iii) obtain provisional or ancillary remedies such as replevin, injunctive relief, attachment or the appointment of a receiver, before during or after
the pendency of any arbitration proceeding. This exclusion does not constitute a waiver of the right or obligation of any party to submit any dispute to arbitration or reference hereunder, including those arising from the exercise of the actions
detailed in sections (i), (ii) and (iii) of this subsection. 
 (d) Arbitrator Qualifications and Powers. Any arbitration
proceeding in which the amount in controversy is $5,000,000.00 or less will be decided by a single arbitrator selected according to the Rules, and who shall not render an award of greater than $5,000,000.00. Any dispute in which the amount in
controversy exceeds $5,000,000.00 shall be decided by majority vote of a panel of three arbitrators; provided, however, that all three arbitrators must actively participate in all hearings and deliberations. Each arbitrator will be a
neutral attorney licensed in the State of Idaho or a neutral retired judge of the state or federal judiciary of Idaho, in either case with a minimum of ten years experience in the substantive law applicable to the subject matter of the dispute to be
arbitrated. The arbitrator will determine whether or not an issue is arbitratable and will give effect to the statutes of limitation in determining any claim. In any arbitration proceeding the arbitrator will decide (by documents only or with a
hearing at the arbitrator’s discretion) any pre-hearing motions which are similar to motions to dismiss for failure to state a claim or motions for summary adjudication. The arbitrator shall resolve all disputes in accordance with the
substantive law of Idaho and may grant any remedy or relief that a court of such state could order or grant within the scope hereof and such ancillary relief as is necessary to make effective any award. The arbitrator shall also have the power to
award recovery of all costs and fees, to impose sanctions and to take such other action as the arbitrator deems necessary to the same extent a judge could pursuant to the Federal Rules of Civil Procedure, the Idaho Rules of Civil Procedure or other
applicable law. Judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction. The institution and 

  

 62 

 
maintenance of an action for judicial relief or pursuit of a provisional or ancillary remedy shall not constitute a waiver of the right of any party,
including the plaintiff, to submit the controversy or claim to arbitration if any other party contests such action for judicial relief. 
 (e) Discovery. In any arbitration proceeding discovery will be permitted in accordance with the Rules. All discovery shall be expressly limited to matters directly relevant to the dispute being arbitrated and must be completed no
later than 20 days before the hearing date and within 180 days of the filing of the dispute with the AAA. Any requests for an extension of the discovery periods, or any discovery disputes, will be subject to final determination by the arbitrator
upon a showing that the request for discovery is essential for the party’s presentation and that no alternative means for obtaining information is available. 
 (f) Class Proceedings and Consolidations. The resolution of any dispute arising pursuant to the terms of the Credit Documents shall be determined by a separate arbitration proceeding and such dispute shall not
be consolidated with other disputes or included in any class proceeding. 
 (g) Payment of Arbitration Costs and Fees. The arbitrator
shall award all costs and expenses (including reasonable attorneys’ fees) of the arbitration proceeding to the prevailing party. If both parties to such dispute prevail in part, such fees shall be allocated among the disputing parties in such
amounts as may be determined by the arbitrator based on the relative merits and amounts of each party’s claims. 
 (h)
Injunctions. The arbitrator shall have the right to issue temporary restraining orders, preliminary injunctions and final injunctions. 
 (i) Miscellaneous. To the maximum extent practicable, the AAA, the arbitrators and the parties shall take all action required to conclude any arbitration proceeding within 180 days of the filing of the dispute with the AAA. No
arbitrator or other party to an arbitration proceeding may disclose the existence, content or results thereof, except for disclosures of information by a party required in the ordinary course of its business or by applicable law or regulation. If
more than one agreement for arbitration by or between the parties potentially applies to a dispute, the arbitration provision most directly related to the Credit Documents or the subject matter of the dispute shall control. The arbitration
provisions set forth in this Section 8.12 shall survive termination, amendment or expiration of any of the Credit Documents or any relationship between the parties. 
 8.13 Relationship of Parties. The relationship between the Borrower, on the one hand, and Lender, on the other, is, and at all times shall remain,
solely that of a borrower and lender. Lender shall not under any circumstances be construed to be a partner or joint venturer of the Borrower or any of its Affiliates; nor shall Lender under any circumstances be deemed to be in a relationship of
confidence or trust or a fiduciary relationship with the Borrower or any of its Affiliates, or to owe any fiduciary duty to the Borrower or any of its Affiliates. Lender does not undertake or assume any responsibility or duty to the Borrower or any
of its Affiliates to select, review, inspect, supervise, pass judgment upon or otherwise inform the Borrower or any of its Affiliates of any matter in connection with its or their Property, any security held by Lender or the operations of the
Borrower or any of its Affiliates. The Borrower and each of their Affiliates 

  

 63 

 
shall rely entirely on their own judgment with respect to such matters, and any review, inspection, supervision, exercise of judgment or supply of
information undertaken or assumed by Lender in connection with such matters is solely for the protection of Lender and neither the Borrower nor any of its Affiliates is entitled to rely thereon. 
 8.14 Time. Time is of the essence as to each term or provision of this Agreement and each of the other Credit Documents. 
 8.15 Waiver of Punitive Damages. Notwithstanding anything to the contrary contained in this Agreement, the Borrower hereby agrees that it shall
not seek from the Lender punitive damages under any theory of liability. 
 8.16 Confidentiality. Lender shall not disclose to any
Person any information with respect to any Loan Party which is furnished pursuant to this Agreement or under the other Credit Documents, except that Lender may disclose any such information (a) to its own directors, officers, employees,
auditors, counsel and other advisors and to its Affiliates provided it take reasonable steps to inform such Persons of the confidential nature of such information; (b) which is otherwise available to the public; (c) if required or
appropriate in any report, statement or testimony submitted to any Governmental Authority having or claiming to have jurisdiction over Lender; (d) if required in response to any summons or subpoena; (e) in connection with any enforcement
by the Lender of its rights under this Agreement or the other Credit Documents or any litigation among the parties relating to the Credit Documents or the transactions contemplated thereby; (f) to comply with any Requirement of Law applicable
to Lender; (g) to any Participant or assignee or any prospective Participant or assignee, provided that such Participant or prospective Participant agrees to be bound by this Section 8.16; or (i) otherwise with the prior
consent of such Loan Party; provided, however, that any disclosure made in violation of this Agreement shall not affect the obligations of the Loan Parties under this Agreement and the other Credit Documents and provided,
further, that unless prohibited by applicable Governmental Rule, Lender shall, prior to any such disclosure, notify the Borrower of any request for disclosure of any such nonpublic information pursuant to legal process. 
 8.17 Effect of Amended and Restated Credit Agreement. This Credit Agreement shall be effective from and after the Closing Date, and the execution
of this Credit Agreement shall not relieve any party to the Original Credit Agreement from its respective obligations thereunder for the period from the effective date of the Original Credit Agreement to the Closing Date or from any liability for
the failure to perform such obligations or from any liability arising out of indemnification obligations under the Original Credit Agreement. 
 [Signature page follows.] 
  

 64 

 IN WITNESS WHEREOF, the Borrower, the Lender, and the L/C Issuer, have caused this Agreement to be
executed as of the day and year first above written. 
  

			
	BORROWER:
	
	COLDWATER CREEK INC., a Delaware corporation
		
	By:	 	/s/ Melvin Dick
	Name:	 	Melvin Dick
	Title:	 	EVP & CFO

  

			
	LENDER AND L/C ISSUER:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION
		
	By:	 	/s/ Brian W. Cook
	Name:	 	Brain W. Cook
	Title:	 	Vice President

 EXHIBIT A 
 NOTICE OF LIBOR LOAN BORROWING 
 [Date] 
 Wells Fargo Bank, National Association 
 Attn: 
 1. Reference is made to that certain 2007 Amended and Restated Credit Agreement, dated as of February 13, 2007 (as amended, supplemented or
otherwise modified from time to time, the “Credit Agreement”), by and between COLDWATER CREEK INC., a Delaware corporation (the “Borrower”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association
(“Lender”), and as L/C issuer (in such capacity, “L/C Issuer”). Unless otherwise indicated, all terms defined in the Credit Agreement have the same respective meanings when used herein. 
 2. Pursuant to Section 2.1(b)(ii) of the Credit Agreement, the Borrower hereby irrevocably requests a LIBOR Loan upon the following terms:

 (a) The principal amount of the requested LIBOR Loan is
$                    ; 
 (b) The initial Interest Period for the LIBOR Loans will be                      month[s]; and 
 (c) The date of the requested LIBOR Loan is
                    ,             . 
 3. The Borrower hereby certifies to Lender that, on the date of this Notice of LIBOR Loan Borrowing and after giving effect to the requested LIBOR Loan:

 (a) The representations and warranties of the Borrower set forth in Article IV of the Credit Agreement and in the
other Credit Documents are true and correct in all material respects as if made on such date (except for representations and warranties expressly made as of a specified date, which shall be true as of such date); 
 (b) No Default has occurred and is continuing; and 
 (c) All of the Credit Documents are in full force and effect. 
 Please disburse the proceeds of the requested LIBOR Loan to: 
  

 A-1 

 IN WITNESS WHEREOF, the Borrower has executed this Notice of LIBOR Loan Borrowing on the date set forth
above. 
  

			
	COLDWATER CREEK INC., a Delaware corporation
		
	By:	 	  
	Name:	 	  
	Title:	 	  

  

 A-2 

 EXHIBIT B 
 NOTICE OF REVOLVING LOAN CONVERSION 
 [Date] 
 Wells Fargo Bank, National Association 
 Attn: 
 1. Reference is made to that certain 2007 Amended and Restated Credit Agreement, dated as of February 13, 2007 (as amended, supplemented or
otherwise modified from time to time, the “Credit Agreement”), by and between COLDWATER CREEK INC., a Delaware corporation (the “Borrower”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association
(“Lender”), and as L/C issuer (in such capacity, “L/C Issuer”). Unless otherwise indicated, all terms defined in the Credit Agreement have the same respective meanings when used herein. 
 2. Pursuant to Section 2.1(d) of the Credit Agreement, the Borrower hereby irrevocably requests to convert a Revolving Loan Borrowing as
follows: 
 (a) The Revolving Loan Borrowing to be converted consists of [“Base Rate,” “LIBOR” or
“Prime Rate”] Loans in the aggregate principal amount of $                     which were initially advanced to the Borrower on
                    , 20        ; 
 (b) The Revolving Loans in the Revolving Loan Borrowing are to be converted into [“Base Rate,” “LIBOR” or “Prime
Rate”] Loans; 
 (c) If such Revolving Loans are to be converted into LIBOR Loans, the initial Interest Period for such
Revolving Loans commencing upon conversion will be                      months; and 
 (d) The date of the requested conversion is to be
                    , 20        . 
 3. The Borrower hereby certifies to Lender that, on the date of this Notice of Revolving Loan Conversion, and after giving effect to the requested
conversion: 
 (a) The representations and warranties of the Borrower set forth in Article IV of the Credit Agreement
and in the other Credit Documents are true and correct in all material respects as if made on such date (except for representations and warranties expressly made as of a specified date, which shall be true as of such date); 
 (b) No Default has occurred and is continuing; and 
 (c) All of the Credit Documents are in full force and effect. 
  

 B-1 

 IN WITNESS WHEREOF, the Borrower has executed this Notice of Revolving Loan Conversion on the date set
forth above. 
  

			
	COLDWATER CREEK INC., a Delaware corporation
		
	By:	 	  
	Name:	 	  
	Title:	 	  

  

 B-2 

 EXHIBIT C 
 NOTICE OF REVOLVING LOAN INTEREST PERIOD SELECTION 
 [Date] 
 Wells Fargo Bank, National Association 
 Attn: 
 1. Reference is made to that certain 2007 Amended and Restated Credit Agreement, dated as of February 13, 2007 (as amended, supplemented or
otherwise modified from time to time, the “Credit Agreement”), by and between COLDWATER CREEK INC., a Delaware corporation (the “Borrower”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association
(“Lender”), and as L/C issuer (in such capacity, “L/C Issuer”). Unless otherwise indicated, all terms defined in the Credit Agreement have the same respective meanings when used herein. 
 2. Pursuant to Section 2.1(e) of the Credit Agreement, the Borrower hereby irrevocably selects a new Interest Period for a Revolving Loan
Borrowing as follows: 
 (a) The Revolving Loan Borrowing for which a new Interest Period is to be selected consists of LIBOR
Loans in the aggregate principal amount of $                     which were initially advanced to the Borrower on
                    , 20        ; 
 (b) The last day of the current Interest Period for such LIBOR Loans is
                    , 20        ; and 
 (c) The next Interest Period for such LIBOR Loans commencing upon the last day of the current Interest Period is to be
                     month[s]. 
 3. The Borrower hereby certifies to Lender that, on the date of this Notice of Revolving Loan Interest Period Selection, and after giving effect to the requested selection: 
 (a) The representations and warranties of the Borrower set forth in Article IV of the Credit Agreement and in the other Credit
Documents are true and correct in all material respects as if made on such date (except for representations and warranties expressly made as of a specified date, which shall be true as of such date); 
 (b) No Default has occurred and is continuing; and 
 (c) All of the Credit Documents are in full force and effect. 
  

 C-1 

 IN WITNESS WHEREOF, the Borrower has executed this Notice of Revolving Loan Interest Period Selection on
the date set forth above. 
  

			
	COLDWATER CREEK INC., a Delaware corporation
		
	By:	 	  
	Name:	 	  
	Title:	 	  

  

 C-2 

 EXHIBIT E 
 REVOLVING LOAN NOTE 
  

			
	$60,000,000.00	 	February 13, 2007

 FOR VALUE RECEIVED, COLDWATER CREEK INC., a Delaware corporation (the “Borrower”) hereby
promises to pay to the order of WELLS FARGO BANK, NATIONAL ASSOCIATION (the “Lender”), the principal sum of SIXTY MILLION DOLLARS ($60,000,000.00) or such lesser amount as shall equal the aggregate outstanding principal balance of the
Revolving Loans made by the Lender to Borrower pursuant to the Credit Agreement referred to below (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), on or before the Revolving Loan
Maturity Date specified in the Credit Agreement; and to pay interest on said sum, or such lesser amount, at the rates and on the dates provided in the Credit Agreement. 
 The Borrower shall make all payments hereunder to Lender as indicated in the Credit Agreement, in lawful money of the United States and in same day or immediately available funds. 
 The Borrower hereby authorizes the Lender to record on the schedule(s) annexed to this note the date and amount of each Revolving Loan and of each
payment or prepayment of principal made by the Borrower and agrees that all such notations shall be conclusive absent manifest error with respect to the matters noted; provided, however, that the failure of the Lender to make any such
notation shall not affect the Borrower’s obligations hereunder. 
 This note is the Revolving Loan Note referred to in the 2007 Amended
and Restated Credit Agreement, dated as of February 13, 2007, by and between the Borrower and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association (“Lender”), and as L/C issuer (in such capacity, “L/C
Issuer”). Terms used herein have the meanings assigned to those terms in the Credit Agreement, unless otherwise defined herein. 
 The
Borrower shall pay all reasonable fees and expenses, including reasonable attorneys’ fees, incurred by Lender in the enforcement or attempt to enforce any of Borrower’s obligations hereunder not performed when due. The Borrower hereby
waives notice of presentment, demand, protest or notice of any other kind. This note shall be governed by and construed in accordance with the laws of the State of Idaho. 
  

			
	COLDWATER CREEK INC., a Delaware corporation
		
	By:	 	  
	Name:	 	  
	Title:	 	  

  

 E-1 

 EXHIBIT H 
 COMPLIANCE CERTIFICATE 
                     , 20     
 Wells Fargo Bank, National Association 
 Southern Idaho Regional Commercial Banking Office 
 MAC U1858-032 
 877 W. Main Street - 3rd Floor 
 Boise, ID 83702 
 This Compliance Certificate is delivered
pursuant to that certain 2007 Amended and Restated Credit Agreement, dated as of February 13, 2007 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and between COLDWATER CREEK INC., a
Delaware corporation (the “Borrower”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association (“Lender”), and as L/C issuer (in such capacity, “L/C Issuer”). Terms defined in the Credit Agreement and
not otherwise defined in this Compliance Certificate (this “Certificate”) shall have the meanings defined for them in the Credit Agreement. Section references herein relate to the Credit Agreement unless stated otherwise. In the event of
any conflict between the calculations set forth in this Compliance Certificate and the manner of calculation required by the Credit Agreement, the terms of the Credit Agreement shall govern and control. 
 This Compliance Certificate is delivered in accordance with Section 5.1(a)(iii) of the Credit Agreement by the president, chief executive officer,
chief financial officer, treasurer or vice president of finance of the Borrower. This Compliance Certificate is delivered for the Fiscal Quarter ended
                    , 20    (the “Test Date”). Computations indicating compliance with respect to the
covenants in Section 5.3 of the Credit Agreement are set forth below: 
 1. Section 5.3(a) — Minimum Fixed Charge
Ratio. As of the Test Date, the Fixed Charge Ratio was                     :1.00. The minimum permitted Fixed Charge Ratio is, as set
forth in Section 5.3(a) of the Credit Agreement,                     :1.00. 
 The Fixed Charge Ratio was computed as follows: 
  

			
	(a) The sum of EBIDTA and all amounts payable under all non- cancelable Operating Leases (determined on a consolidated basis in accordance with GAAP) for the most recently ended four (4)
consecutive Fiscal Quarters (the “Test Period”),	  	$                    

 divided by 
  

			
	(b) The sum of (without duplication) (i) Interest Expense for the Test Period, (ii) the sum of the scheduled current maturities (determined on a consolidated basis in accordance with
GAAP) of Total Funded Debt	  	

  

 H-1 

			
	during the Test Period in question, (iii) all amounts payable under non-cancelable Operating Leases (determined as aforesaid) during the Test Period, and (iv) all amounts payable with respect to
Capital Leases (determined on a consolidated basis in accordance with GAAP) for the Test Period	  	$                    
		
	equals Fixed Change Ratio [(a)÷(b)]	  	            :1.00
		
	For purposes of this Section 1, Interest Expense equals:	  	
		
	(x) Interest Expense is computed as follows:	  	
		
	 (i) all interest, fees, charges and related expenses payable during the Test Period to any Person in connection with Indebtedness or the deferred purchase price of
assets that is treated as interest in accordance with GAAP
	  	$                    
		
	 (ii) the portion of rent actually paid during the Test Period under Capital Leases that should be treated as interest in accordance with GAAP
	  	$                    
		
	 (iii) the Synthetic Lease Interest Component for the Test Period
	  	$                    
		
	 (iv) the net amounts payable (or minus the net amounts receivable) under any Swap Agreements accrued during the Test Period (whether or not actually paid or
received during the Test Period)
	  	$                    
		
	equals (x) — Interest Expense [(i)+(ii)-(iii)+(iv)]	  	$                    
	
	 2. Section 5.3(b) — Minimum Consolidated Tangible Net Worth. As of the most recently ended Fiscal Quarter, the Consolidated
Tangible Net Worth of the Loan Parties was $                     and the Calculated Amount (defined below) was
$                    . The Consolidated Tangible Net Worth shall be not less than the Calculated Amount.

		
	 a. Consolidated Tangible Net Worth was computed as follows:
	  	
		
	 (i) Net Worth of the Loan Parties (stockholders’ equity) minus
	  	$                    
		
	 (ii) All treasury stock of the Loan Parties minus
	  	$                    
		
	 (iii) All Intangible Assets of the Loan Parties
	  	$                    
		
	equals (a) Consolidated Tangible Net Worth	  	

  

 H-2 

			
	[(i)–(ii)–(iii)]	  	$                    
		
	 b. “Calculated Amount” was computed as follows:
	  	
		
	 (i) $ 256,000,000
	  	$256,000,000
		
	 (ii) Sixty-Five percent (65%) of the cumulative sum of the Loan Parties’ quarterly net income (ignoring any quarterly losses) after
taxes for each Fiscal Quarter of the Loan Parties from and after October 28, 2006, through and including the Fiscal Quarter ending on the Test Date
	  	$                    
		
	equals (b) — Calculated Amount	  	
	[(i)+(ii)]	  	
	(a) must be greater than (b)	  	$                    
	
	 3. To the knowledge of the undersigned, during the fiscal period covered by this Compliance Certificate, no Default has occurred and is continuing,
with the exceptions set forth below in response to which the Borrower has taken (or caused to be taken) or proposes to take (or cause to be taken) the following actions (if none, so state).

	
	 4. The undersigned officer of the Borrower certifies that the calculations made and the information contained herein are derived from the books and
records of the Borrower and that each and every matter contained herein correctly reflects those books and records.

  

							
	Dated:                     , 20    	 		 	COLDWATER CREEK INC., a Delaware corporation. 
				
		 		 	By:	 	  
		 		 	Name:	 	  
		 		 	Title:	 	 [President][Chief Financial Officer]
 [Chief Executive
Officer][Treasurer]
 [Vice President of Finance] for the above

  

 H-3 

 SCHEDULE II 
 THE EXISTING COMMERCIAL LETTERS OF CREDIT 
  

									
	 Coldwater Reference
	  	 Expiry Date
	  	Amount	  	 Well Fargo
Reference
	  	 Beneficiary Name

	M1451 03/27/2006	  	01 Mar 2007	  	122,979.82	  	833618	  	MATRIX CLOTHING PVT LTD
	P958
07/27/2006	  	18 Feb 2007	  	68,931.65	  	833619	  	PAGODA INTERNATIONAL FOOTWEAR LTD.
	C1849 07/27/2006	  	30 Jan 2007	  	195,209.82	  	833620	  	Colour Max (Fashion) Ltd.
	S1560 07/27/2006	  	08 Feb 2007	  	750,407.47	  	833621	  	SOUTH PACIFIC FASHIONS LIMITED
	A1460 08/09/2006	  	11 Feb 2007	  	124,771.88	  	834070	  	APPAREL MERCHANDISING CO.
	K872 08/09/2006	  	09 Feb 2007	  	225,155.32	  	834072	  	KISH EXPORTS LTD.
	K884 08/15/2006	  	22 Mar 2007	  	217,253.04	  	834269	  	PERFECT DRIVEN CORP. C/O KING FIRST
	V486 08/16/2006	  	22 Mar 2007	  	161,002.19	  	834319	  	V & S International Pvt. Ltd.
	S1574 08/22/2006	  	05 Apr 2007	  	79,468.36	  	834491	  	Super Fashion
	M1498 08/31/2006	  	08 Feb 2007	  	13,170.17	  	834814	  	MARQUE IMPEX
	K884 09/06/2006	  	22 Mar 2007	  	206,158.45	  	834953	  	PERFECT DRIVEN CORP. C/O KING FIRST
	F937
09/08/2006	  	12 Apr 2007	  	682,057.39	  	835057	  	FULLCHARM KNITTERS LIMITED
	M1470 09/11/2006	  	12 Apr 2007	  	1,094,374.98	  	835096	  	Merit Tat International Ltd.
	C1837
9/12/2006	  	22 May 2007	  	139,377.08	  	835159	  	CHAMPION ALPHA INDUSTRIES LTD.
	C1849
9/12/2006	  	12 Apr 2007	  	203,964.49	  	835163	  	Colour Max (Fashion) Ltd.
	D1129 09/21/2006	  	06 Apr 2007	  	367,810.60	  	835440	  	DYNAMIC FASHIONS PVT. LTD
	M1463 09/25/2006	  	04 Feb 2007	  	46,392.89	  	835561	  	MESA INTERNATIONAL, INC.
	K856 09/25/2006	  	04 Feb 2007	  	215,250.48	  	835564	  	KENNETEX INTERNATIONAL LTD.
	C1740 09/26/2006	  	04 Feb 2007	  	108,689.29	  	835592	  	Cape Craftsmen, Inc
	V487 09/26/2006	  	19 Apr 2007	  	90,508.52	  	835665	  	VIKRAM OVERSEAS LIMITED
	M1490 10/6/2006	  	29 Mar 2007	  	58,954.01	  	835900	  	Modelama Exports Ltd
	N1161 10/6/2006	  	29 Mar 2007	  	2,687.50	  	835902	  	Nath Bros Exim International Ltd

									
	R1112 10/26/2006	  	12 Apr 2007	  	98,586.91	  	835903	  	Rashi Wears Pvt Ltd
	E759 FU
12/6/6	  	15 Apr 2007	  	279,789.97	  	835967	  	Fu Seng Garment Knitting Fty Ltd
	H817 10/17/2006	  	28 Apr 2007	  	491,355.98	  	836186	  	HLC International (H.K.) Co Ltd
	M1483
10/18/06	  	05 Apr 2007	  	42,823.41	  	836238	  	MERCURIES ASIA LTD
	C1849
10/19/06	  	28 Jun 2007	  	743,010.92	  	836300	  	Colour Max (Fashion) Ltd.
	S1560
10/24/06	  	29 Mar 2007	  	135,088.77	  	836401	  	SOUTH PACIFIC FASHIONS LIMITED
	S1574 10/24/2006	  	14 Jun 2007	  	180,429.65	  	836404	  	Super Fashion
	W666 GE 10/25/06	  	04 Feb 2007	  	243,632.70	  	836443	  	GET EVER INTERNATIONAL LTD.
	K884 10/31/2006	  	22 Mar 2007	  	223,613.50	  	836579	  	PERFECT DRIVEN CORP. C/O KING FIRST
	D1054
Jan 10/06	  	25 Feb 2007	  	932,722.74	  	836607	  	DELTA GLOBAL SOURCING LTD
	C1881
11/1/2006	  	29 Mar 2007	  	124,234.83	  	836626	  	CONCEPT CREATOR FASHION LIMITED
	F938
10/17/2006	  	29 Mar 2007	  	580,279.09	  	836865	  	FU SON GARMENT FACTORY
	P1137
11/10/06	  	08 Apr 2007	  	133,160.09	  	836938	  	POINT OF DESIGN TRADING LTD.
	K872 10/11/2006	  	25 Feb 2007	  	157,075.08	  	836939	  	KISH EXPORTS LTD.
	C1577 Jan
11/06	  	02 Mar 2007	  	947,490.96	  	837096	  	Costume Limited
	D1141
11/16/06	  	31 May 2007	  	35,730.32	  	837144	  	Dhruv Globals Ltd.
	V486
11/16/06	  	19 Jul 2007	  	278,869.16	  	837145	  	V AND S International Pvt. Ltd.
	F165
11/28/06	  	18 Feb 2007	  	45,561.03	  	837445	  	Keltic Financial Partners, LP FBO
	I537 JAN 11/28/6	  	25 Feb 2007	  	1,078,223.67	  	837456	  	INT Trading USA LLC
	A1485
11/28/06	  	29 Apr 2007	  	25,536.00	  	837463	  	ASIATEC INDUSTRIAL LIMITED
	B1105
11/28/06	  	29 Jun 2007	  	732,089.96	  	837465	  	BEST SHOES TRADING CO LTD
	A1460
11/29/06	  	29 Apr 2007	  	173,233.76	  	837496	  	APPAREL MERCHANDISING CO.
	D1054 FEB11/29/6	  	30 Mar 2007	  	1,494,915.67	  	837498	  	DELTA GLOBAL SOURCING LTD
	E765
11/29/06	  	06 May 2007	  	96,802.71	  	837519	  	CENTURY POINT GROUP LIMITED
	M1483
11/29/06	  	08 Apr 2007	  	29,326.77	  	837522	  	MERCURIES ASIA LTD

  

 II - 2 

									
	C1740
11/29/06	  	06 May 2007	  	19,191.36	  	837523	  	Cape Craftsmen, Inc
	H817 10/30/2006	  	28 Jun 2007	  	611,159.06	  	837596	  	HLC International (H.K.) Co Ltd
	T1409
12/7/2006	  	31 May 2007	  	160,719.00	  	837692	  	THREE RIVERS DESIGN
	M1470 12/4/2006	  	29 Apr 2007	  	171,023.50	  	837693	  	Merit Tat International Ltd.
	F937
12/12/2006	  	31 May 2007	  	32,030.63	  	837950	  	FULLCHARM KNITTERS LIMITED
	A1518 12/12/2006	  	26 Jul 2007	  	267,707.28	  	837970	  	Achiever Apparels Pvt Ltd
	D1054 MA 12/14/6	  	29 Apr 2007	  	1,465,742.19	  	838051	  	DELTA GLOBAL SOURCING LTD
	F938
12/14/2006	  	17 May 2007	  	286,653.86	  	838075	  	FU SON GARMENT FACTORY
	V486 12/19/2006	  	09 Aug 2007	  	57,915.88	  	838190	  	V AND S International Pvt. Ltd.
	P958
12/19/2006	  	29 Apr 2007	  	117,004.80	  	838192	  	PAGODA INTERNATIONAL FOOTWEAR LTD.
	C1837 12/19/2006	  	19 Jul 2007	  	45,399.93	  	838193	  	CHAMPION ALPHA INDUSTRIES LTD.
	J835
12/26/06	  	06 May 2007	  	38,230.94	  	838371	  	FORMATION INC.
	C1659
12/26/06	  	02 May 2007	  	80,883.83	  	838373	  	Costume Limited
	H806 12/26/2006	  	28 Jun 2007	  	303,088.15	  	838376	  	HANIN GARMENT MANUFACTORY LTD.
	C1577 Feb
1/3/7	  	18 Mar 2007	  	667,381.11	  	838581	  	Costume Limited
	I537 FEB
1/3/7	  	04 Apr 2007	  	1,189,297.96	  	838582	  	INT Trading USA LLC
	G877
1/3/2007	  	25 Feb 2007	  	7,950.00	  	838586	  	GARDEN AGE SUPPLY
	W666 GE
1/4/7	  	29 Apr 2007	  	284,041.20	  	838612	  	GET EVER INTERNATIONAL LTD.
	F938
01/05/07	  	28 Jun 2007	  	240,590.66	  	838684	  	FU SON GARMENT FACTORY
	M1270
1/8/07	  	13 May 2007	  	139,027.20	  	838765	  	PORTO TRADING S/A
	R1112
1/10/07	  	19 Jul 2007	  	86,207.99	  	838863	  	Rashi Wears Pvt Ltd
	M1470 01/10/2007	  	27 Jun 2007	  	495,575.34	  	838865	  	Merit Tat International Ltd.
	O433
1/10/2007	  	03 Jun 2007	  	8,941.75	  	838867	  	Orient Craft Limited
	C1849
1/12/07	  	29 Jul 2007	  	129,312.83	  	838930	  	Colour Max (Fashion) Ltd.
	I537 MAR 1/18/07	  	29 Apr 2007	  	1,569,526.08	  	839126	  	INT Trading USA LLC

  

 II - 3 

									
	E745
01/23/07	  	29 Apr 2007	  	564,068.40	  	839261	  	EASY STYLE LIMITED
	W666 RV
1/24/07	  	22 Apr 2007	  	11,158.80	  	839320	  	RIVAL COMPANY LTD
	S1560
07/27/2006	  	08 Feb 2007	  	750,407.47	  	833621	  	SOUTH PACIFIC FASHIONS LIMITED
	A1460 08/09/2006	  	11 Feb 2007	  	124,771.88	  	834070	  	APPAREL MERCHANDISING CO.
	K872 08/09/2006	  	09 Feb 2007	  	225,155.32	  	834072	  	KISH EXPORTS LTD.
	M1498 08/31/2006	  	08 Feb 2007	  	13,170.17	  	834814	  	MARQUE IMPEX
	M1463 09/25/2006	  	04 Feb 2007	  	46,392.89	  	835561	  	MESA INTERNATIONAL, INC.
	K856 09/25/2006	  	04 Feb 2007	  	215,250.48	  	835564	  	KENNETEX INTERNATIONAL LTD.
	C1740 09/26/2006	  	04 Feb 2007	  	108,689.29	  	835592	  	Cape Craftsmen, Inc
	W666 GE 10/25/06	  	04 Feb 2007	  	243,632.70	  	836443	  	GET EVER INTERNATIONAL LTD.

  

 II - 4 

 SCHEDULE 4.1(g) 
 LITIGATION / PENDING MEDIATION 
 None 

 SCHEDULE 4.1(k) 
 MULTI-EMPLOYER PLANS 
 None 

 SCHEDULE 4.1(o) 
 MATERIAL SUBSIDIARIES OF THE BORROWER 
  

											
	 Subsidiary
	  	FEIN	  	Type of Operation	  	Ownership	 	Shares	  	Country of
Incorporation
	 Coldwater Creek
 The Spa Inc.
	  	20-3747592	  	Retail Spa
Company	  	100%	 	1,000	  	USA - Idaho
						
	 C Squared, LLC
	  	None	  	Aircraft Holding
Company	  	100%	 	N/A	  	USA – Delaware
						
	 Aspenwood
 Advertising, Inc.
	  	14-1877427	  	Advertising
Company	  	100%	 	1,000	  	USA - Delaware
						
	 Coldwater Creek
 Sourcing Inc.
	  	02-0738530	  	Foreign Activity
Holding Company	  	100%	 	100	  	USA – Idaho
						
	 CW Sourcing LLC
	  	TBD	  	Foreign Activity
Holding Company	  	100%	 	N/A	  	USA – Idaho
						
	 Coldwater Creek
 HK Ltd.
	  	TBD	  	Asian Sourcing	  	100% by
Coldwater
Creek Sourcing
Inc.	 	1,000	  	China – Hong
Kong

 SCHEDULE 4.1(v) 
 AGREEMENTS WITH AFFILIATES 
 Dennis and Ann Pence personally participate in a jet timeshare program. For flights by
them and other corporate executives made exclusively for official corporate purposes, the Borrower reimburses Mr. and Mrs. Pence for (i) a usage based pro rata portion of the financing costs, (ii) a usage based pro rata portion
of monthly maintenance fees, and (iii) actual hourly usage fees. Aggregate expense reimbursements totaled $0 and $103,000 for the third quarters of fiscal 2006 and fiscal 2005, respectively, and approximately $0 and $626,000 for the first nine
months of fiscal 2006 and fiscal 2005 respectively. 
 Other than normal compensation and benefits paid to officers for their services as officers, the
Borrower has entered into retention bonus agreements as described below. 
 During fiscal 2004, 2005 and 2006, the Compensation Committee of the
Company’s Board of Directors authorized compensation bonus pools that, in aggregate, currently total $5.3 million. These bonus pools serve as additional incentives to retain certain key employees. The Company is accruing the related
compensation expense to each employee on a straight-line basis over the retention periods as it is currently anticipated that the performance criteria specified in the agreements will be met. The total compensation and dates to be paid are
summarized as follows (in thousands): 
  

						
	 Description
	  	Amount	  	 Dates to be Paid

	 One executive employee
	  	$	225	  	May 2007
	 Thirty-eight non-executive employees
	  	$	5,070	  	February 2007-August 2009
		  	 	 	  	
	 Totals (all employees)
	  	$	5,295	  	
		  	 	 	  	

 SCHEDULE 5.2(a) 
 EXISTING INDEBTEDNESS 
 None 

 SCHEDULE 5.2(b) 
 EXISTING LIENS 
  

							
	 State
	  	File Date	  	 Secured Party
	  	 Collateral

	 Delaware
	  	3/20/2003	  	Jefferds Corp	  	Used forklift
	 Delaware
	  	3/12/2004	  	IBM Corp.	  	Specific Computer Equipment
	 Delaware
	  	9/02/2004	  	CIT Technology	  	Specific Copiers
	 Idaho
	  	11/29/2004	  	American Enterprise Leasing, Inc.	  	Water Purification Systems
	 Idaho
	  	11/3/2005	  	American Enterprise Leasing, Inc.	  	Water Purification Systems
	 Idaho
	  	3/20/06	  	AEL Financial, LLC	  	Water Purification Systems
	 Idaho
	  	6/29/06	  	AEL Financial, LLC	  	Water Purification Systems
	 Idaho
	  	11/15/06	  	AEL Financial, LLC	  	Water Purification Systems

 SCHEDULE 5.2(e) 
 EXISTING INVESTMENTS 
 Outstanding Loans to three employees totaling $118,125. 

 REVOLVING LOAN NOTE 
  

			
	$60,000,000.00	 	February 13, 2007

 FOR VALUE RECEIVED, COLDWATER CREEK INC., a Delaware corporation (the “Borrower”) hereby
promises to pay to the order of WELLS FARGO BANK, NATIONAL ASSOCIATION (the “Lender”), the principal sum of SIXTY MILLION DOLLARS ($60,000,000.00) or such lesser amount as shall equal the aggregate outstanding principal balance of the
Revolving Loans made by the Lender to Borrower pursuant to the Credit Agreement referred to below (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), on or before the Revolving Loan
Maturity Date specified in the Credit Agreement; and to pay interest on said sum, or such lesser amount, at the rates and on the dates provided in the Credit Agreement. 
 The Borrower shall make all payments hereunder to Lender as indicated in the Credit Agreement, in lawful money of the United States and in same day or immediately available funds. 
 The Borrower hereby authorizes the Lender to record on the schedule(s) annexed to this note the date and amount of each Revolving Loan and of each
payment or prepayment of principal made by the Borrower and agrees that all such notations shall be conclusive absent manifest error with respect to the matters noted; provided, however, that the failure of the Lender to make any such
notation shall not affect the Borrower’s obligations hereunder. 
 This note is the Revolving Loan Note referred to in the 2007 Amended
and Restated Credit Agreement, dated as of February 13, 2007, by and between the Borrower and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association (“Lender”), and as L/C issuer (in such capacity, “L/C Issuer”).
Terms used herein have the meanings assigned to those terms in the Credit Agreement, unless otherwise defined herein. 
 The Borrower shall
pay all reasonable fees and expenses, including reasonable attorneys’ fees, incurred by Lender in the enforcement or attempt to enforce any of Borrower’s obligations hereunder not performed when due. The Borrower hereby waives notice of
presentment, demand, protest or notice of any other kind. This note shall be governed by and construed in accordance with the laws of the State of Idaho. 
  

			
	COLDWATER CREEK INC., a Delaware corporation
		
	By:	 	 /s/ Melvin Dick

	Name:	 	Melvin Dick
	Title:	 	CFO, Secretary and Treasurer

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