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                                                                    Exhibit 10.4

                          REGISTRATION RIGHTS AGREEMENT

     REGISTRATION RIGHTS AGREEMENT (this "AGREEMENT"), dated as of November 20,
2006, by and among TRM Corporation, an Oregon corporation (the "COMPANY"), and
the undersigned buyers (each, a "BUYER" and collectively, the "BUYERS").

     WHEREAS:

     A. In connection with the Amended and Restated Second Lien Loan Agreement,
of even date herewith, by and among the parties hereto, TRM ATM Corporation, an
Oregon Corporation, TRM Copy Centers (USA) Corporation, an Oregon corporation,
the Guarantors (as defined in the Loan Agreement) and Wells Fargo Foothill,
Inc., a California corporation, as administrative agent (the "LOAN AGREEMENT"),
the Company has agreed, upon the terms and subject to the conditions of the Loan
Agreement, to, among other things, issue to the Buyers warrants to purchase
shares of the Company's common stock, no par value per share (the "COMMON
STOCK") (the "WARRANTS," and the shares of Common Stock issuable upon exercise
of the Warrants, the "WARRANT SHARES");

     B. To induce the Buyers to execute and deliver the Loan Agreement, the
Company has agreed to provide certain registration rights under the Securities
Act of 1933, as amended, and the rules and regulations thereunder, or any
similar successor statute (collectively, the "1933 ACT"), and applicable state
securities laws.

     NOW, THEREFORE, in consideration of the premises and the mutual covenants
contained herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company and each of the Buyers
hereby agree as follows:

1. DEFINITIONS.

As used in this Agreement, the following terms shall have the following
meanings:

     a.   "EFFECTIVENESS DEADLINE" means the Initial Effectiveness Deadline or a
          Deficiency Effectiveness Deadline (each as defined below), as
          applicable.

     b.   "FILING DEADLINE" means the Initial Filing Deadline or a Deficiency
          Filing Deadline (each as defined below), as applicable.

     c.   "INVESTOR" means a Buyer, any transferee or assignee thereof to whom a
          Buyer assigns its rights under this Agreement and who agrees to become
          bound by the provisions of this Agreement in accordance with Section 9
          and any transferee or assignee thereof to whom a transferee or
          assignee assigns its rights under this Agreement and who agrees to
          become bound by the provisions of this Agreement in accordance with
          Section 9.

     d.   "PERSON" means an individual, a limited liability company, a
          partnership, a joint venture, a corporation, a trust, an
          unincorporated organization and a governmental or any department or
          agency thereof.

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     e.   "REGISTER," "REGISTERED," and "REGISTRATION" refer to a registration
          effected by preparing and filing one or more Registration Statements
          (as defined below) in compliance with the 1933 Act and pursuant to
          Rule 415 under the 1933 Act or any successor rule providing for
          offering securities on a continuous or delayed basis ("RULE 415"), and
          the declaration or ordering of effectiveness of such Registration
          Statement(s) by the United States Securities and Exchange Commission
          (the "SEC").

     f.   "REGISTRABLE SECURITIES" means (i) the Warrant Shares issued or
          issuable upon exercise of the Warrants and (ii) any shares of capital
          stock issued or issuable with respect to the Warrant Shares and the
          Warrants as a result of any stock split, stock dividend,
          recapitalization, exchange or similar event or otherwise, without
          regard to any limitations on exercises of the Warrants; provided,
          however, that any such Registrable Securities shall cease to be
          Registrable Securities when (i) a Registration Statement with respect
          to the sale of such securities becomes effective under the 1933 Act
          and such securities are disposed of in accordance with such
          Registration Statement, (ii) such securities are sold in accordance
          with Rule 144 (as defined in Section 8) or (iii) such securities
          become transferable without any restrictions in accordance with Rule
          144(k) (or any successor provision).

     g.   "REGISTRATION STATEMENT" means a registration statement or
          registration statements of the Company filed under the 1933 Act
          covering the Registrable Securities.

     h.   "TRADING DAY" means any day on which the Common Stock is traded on the
          principal securities exchange or securities market on which the Common
          Stock is then traded; provided that "Trading Day" shall not include
          any day on which the Common Stock is scheduled to trade, or actually
          trades on such exchange or market, for less than 4.5 hours.

Capitalized terms used herein and not otherwise defined herein shall have the
respective meanings set forth in the Loan Agreement.

2. REGISTRATION.

          a. Initial Mandatory Registration. The Company shall prepare, and, as
soon as practicable but in no event later than 75 days after the Closing Date
(the "INITIAL FILING DEADLINE"), file with the SEC the Initial Registration
Statement on Form S-1, covering the resale of all of the Registrable Securities.
In the event that Form S-1 is unavailable for such a registration, the Company
shall use such other form as is available for such a registration. The
Registration Statement prepared pursuant hereto shall register for resale
Registrable Securities consisting of at least that number of shares of Common
Stock equal to 110% of the number of Warrant Shares issuable upon exercise of
all the outstanding Warrants as of the second Trading Day immediately preceding
the date that the Registration Statement is initially filed with the SEC. The
calculations set forth in this paragraph shall be made without regard to any
limitations on the exercise of the Initial Warrants and such calculation shall
assume that the Warrants are then exercisable into shares of Common Stock at the
then-prevailing Warrant Exercise Price (as defined in the Initial Warrants). The
Company shall use its best efforts to have the Registration Statement declared
effective by the SEC as soon as practicable, but in no event later than the date
which is 180 days after the Initial Closing Date (the "INITIAL EFFECTIVENESS
DEADLINE").

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          b. Allocation of Registrable Securities. The initial number of
Registrable Securities included in any Registration Statement and each increase
in the number of Registrable Securities included therein shall be allocated pro
rata among the Investors based on the number of such Registrable Securities held
by each Investor at the time the Registration Statement covering such initial
number of Registrable Securities or increase thereof is declared effective by
the SEC. In the event that an Investor sells or otherwise transfers any of such
Investor's Registrable Securities, each transferee shall be allocated a pro rata
portion of the then remaining number of Registrable Securities included in such
Registration Statement for such transferor. Any shares of Common Stock included
in a Registration Statement and which remain allocated to any Person which
ceases to hold any Registrable Securities covered by such Registration Statement
shall be allocated to the remaining Investors, pro rata based on the number of
Registrable Securities then held by such Investors which are covered by such
Registration Statement. For purposes hereof, the number of Registrable
Securities held by an Investor includes all Registrable Securities issuable upon
exercise of Warrants held by such Investor, without regard to any limitation on
the exercise of the Warrants.

          c. Legal Counsel. Subject to Section 5 hereof, the Buyers holding
securities representing at least two-thirds (2/3) of the Registrable Securities
shall have the right to select one legal counsel to review and oversee any
offering pursuant to this Section 2 ("LEGAL COUNSEL"), which shall be Katten
Muchin Rosenman LLP or such other counsel as thereafter designated in writing to
the Company by the holders of at least two-thirds (2/3) of the Registrable
Securities. The Company shall reasonably cooperate with Legal Counsel in
performing the Company's obligations under this Agreement.

          d. Sufficient Number of Shares Registered. In the event the number of
shares of Common Stock available under the Registration Statement filed pursuant
to Section 2(a) is insufficient to cover all of the Registrable Securities
required to be covered by the Registration Statement or an Investor's allocated
portion of the Registrable Securities pursuant to Section 2(b), the Company
shall, as soon as practicable, but in any event not later than 15 days after the
first date on which the number of shares available under the Initial
Registration Statement is so insufficient (the "DEFICIENCY FILING DEADLINE"),
amend the Registration Statement, or file a new Registration Statement (on the
short form available therefor, if applicable), or both, so that there are
registered for resale Registrable Securities consisting of at least that number
of shares of Common Stock equal to 110% of the number of Warrant Shares issuable
upon exercise of all the outstanding Warrants as of the second Trading Day
immediately preceding the date of the filing of the amendment or new
Registration Statement with the SEC. The Company shall use its best efforts to
cause such amendment and/or new Registration Statement to become effective as
soon as practicable, but in any event not later than 75 days following the
applicable Deficiency Filing Deadline (the "DEFICIENCY EFFECTIVENESS DEADLINE").
For purposes of the foregoing provision, the number of shares of Common Stock
available under the Registration Statement shall be deemed "insufficient to
cover all of the Registrable Securities" if as of any date of determination, the
number of shares of Common Stock equal to 100% of the number of Warrant Shares
issuable as of such time upon exercise of all the outstanding Warrants is
greater than the number of shares of Common Stock available for resale under the
Registration Statement. The calculations set forth in this paragraph shall be
made without regard to any limitations on the exercise of the Warrants.

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          e. Effect of Failure to File and Obtain and Maintain Effectiveness of
Registration Statement. If (i) a Registration Statement covering all the
Registrable Securities and required to be filed by the Company pursuant to
Section 2(a) or Section 2(d) of this Agreement is not (A) filed with the SEC on
or before the applicable Filing Deadline or (B) declared effective by the SEC on
or before the applicable Effectiveness Deadline or (ii) on any day after the
Registration Statement has been declared effective by the SEC sales of all the
Registrable Securities required to be included on such Registration Statement
cannot be made (other than during an Allowable Grace Period (as defined in
Section 3(s))) pursuant to the Registration Statement (including because of a
failure to keep the Registration Statement effective, to disclose such
information as is necessary for sales to be made pursuant to the Registration
Statement or to register sufficient shares of Common Stock as determined in
accordance with Section 2(d)), then, any holder of the Warrants may seek damages
due to such delay in or reduction of its ability to sell the underlying shares
of Common Stock.

3. RELATED OBLIGATIONS.

          At such time as the Company is obligated, or elects, to file a
Registration Statement with the SEC pursuant to Section 2(a) or 2(d), the
Company will use its best efforts to effect the registration of the Registrable
Securities in accordance with the intended method of disposition thereof and,
pursuant thereto, the Company shall have the following obligations:

          a. The Company shall promptly prepare and file with the SEC a
Registration Statement with respect to the applicable Registrable Securities
(but in no event later than the applicable Filing Deadline) and use its best
efforts to cause such Registration Statement relating to the Registrable
Securities to become effective as soon as practicable after such filing (but in
no event later than the applicable Effectiveness Deadline). The Company shall
keep each Registration Statement effective pursuant to Rule 415 at all times
until the earlier of (i) the date as of which the Investors may sell all of the
Registrable Securities covered by such Registration Statement without
restriction pursuant to Rule 144(k) (or successor thereto) promulgated under the
1933 Act or (ii) the date on which the Investors shall have sold all the
Registrable Securities covered by such Registration Statement (the "REGISTRATION
PERIOD"). Such Registration Statement (including any amendments or supplements
thereto and prospectuses contained therein) shall not contain any untrue
statement of a material fact or omit to state a material fact required to be
stated therein, or necessary to make the statements therein, in light of the
circumstances in which they were made, not misleading. The term "best efforts"
shall mean, among other things, that the Company shall submit to the SEC, within
two (2) Business Days after the Company learns that no review of a particular
Registration Statement will be made by the staff of the SEC or that the staff
has no further comments on the Registration Statement, as the case may be, a
request for acceleration of effectiveness of such Registration Statement to a
time and date not later than 48 hours after the submission of such request.

          b. The Company shall prepare and file with the SEC such amendments
(including post-effective amendments) and supplements to a Registration
Statement and the prospectus used in connection with such Registration
Statement, which prospectus is to be filed pursuant to Rule 424 promulgated
under the 1933 Act, as may be necessary to keep such Registration Statement
effective at all times during the Registration Period, and, during such period,
comply with the provisions of the 1933 Act with respect to the disposition of
all

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Registrable Securities of the Company covered by such Registration Statement
until such time as all of such Registrable Securities shall have been disposed
of in accordance with the intended methods of disposition by the seller or
sellers thereof as set forth in such Registration Statement. In the case of
amendments and supplements to a Registration Statement which are required to be
filed pursuant to this Agreement (including pursuant to this Section 3(b)) by
reason of the Company filing a report on Form 10-K, Form 10-Q or Form 8-K or any
analogous report under the Securities Exchange Act of 1934, as amended (the
"1934 ACT"), the Company shall have incorporated such report by reference into
the Registration Statement, if applicable, or shall file such amendments or
supplements with the SEC on the same day on which the 1934 Act report is filed
which created the requirement for the Company to amend or supplement the
Registration Statement.

          c. The Company shall (A) permit Legal Counsel to review and comment
upon (i) the Registration Statement at least five (5) Business Days prior to its
filing with the SEC and (ii) all amendments and supplements to all Registration
Statements (except for Annual Reports on Form 10-K, Quarterly Reports on Form
10-Q and Current Reports on Form 8-K and any similar or successor reports)
within a reasonable number of days prior to their filing with the SEC, and (B)
not file any document, registration statement, amendment or supplement described
in the foregoing clause (A) in a form to which Legal Counsel reasonably objects.
The Company shall not submit a request for acceleration of the effectiveness of
a Registration Statement or any amendment or supplement thereto without
providing prior notice thereof to Legal Counsel and each Investor. The Company
shall furnish to Legal Counsel, without charge, (i) promptly after the same is
prepared and filed with the SEC, one copy of any Registration Statement and any
amendment(s) thereto, including financial statements and schedules, all
documents incorporated therein by reference that have not been filed via EDGAR,
and all exhibits and (ii) upon the effectiveness of any Registration Statement,
one copy of the prospectus included in such Registration Statement and all
amendments and supplements thereto. The Company shall reasonably cooperate with
Legal Counsel in performing the Company's obligations pursuant to this Section
3.

          d. The Company shall furnish to each Investor whose Registrable
Securities are included in any Registration Statement, without charge, (i)
promptly after the same is prepared and filed with the SEC, at least one copy of
such Registration Statement and any amendment(s) thereto, including financial
statements and schedules, all documents incorporated therein by reference that
have not been filed via EDGAR, all exhibits and each preliminary prospectus,
(ii) upon the effectiveness of any Registration Statement, ten (10) copies of
the prospectus included in such Registration Statement and all amendments and
supplements thereto (or such other number of copies as such Investor may
reasonably request) and (iii) such other documents, including copies of any
preliminary or final prospectus, as such Investor may reasonably request from
time to time in order to facilitate the disposition of the Registrable
Securities owned by such Investor.

          e. The Company shall use its best efforts to (i) register and qualify,
unless an exemption from registration and qualification applies, the resale by
the Investors of the Registrable Securities covered by a Registration Statement
under the securities or "blue sky" laws of all the states of the United States,
(ii) prepare and file in those jurisdictions, such amendments (including
post-effective amendments) and supplements to such registrations and

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qualifications as may be necessary to maintain the effectiveness thereof during
the Registration Period, (iii) take such other actions as may be necessary to
maintain such registrations and qualifications in effect at all times during the
Registration Period, and (iv) take all other actions reasonably necessary or
advisable to qualify the Registrable Securities for sale in such jurisdictions;
provided, however, that the Company shall not be required in connection
therewith or as a condition thereto to (x) qualify to do business in any
jurisdiction where it would not otherwise be required to qualify but for this
Section 3(e) or (y) subject itself to general taxation in any such jurisdiction.
The Company shall promptly notify Legal Counsel and each Investor who holds
Registrable Securities of the receipt by the Company of any notification with
respect to the suspension of the registration or qualification of any of the
Registrable Securities for sale under the securities or "blue sky" laws of any
jurisdiction in the United States or its receipt of actual notice of the
initiation or threatening of any proceeding for such purpose.

          f. The Company shall notify Legal Counsel and each Investor in writing
of the happening of any event, as promptly as practicable after becoming aware
of such event, as a result of which the prospectus included in a Registration
Statement, as then in effect, includes an untrue statement of a material fact or
omission to state a material fact required to be stated therein or necessary to
make the statements therein, in light of the circumstances under which they were
made, not misleading (provided that in no event shall such notice contain any
material, nonpublic information), and promptly prepare a supplement or amendment
to such Registration Statement to correct such untrue statement or omission, and
deliver ten (10) copies of such supplement or amendment to Legal Counsel and
each Investor (or such other number of copies as Legal Counsel or such Investor
may reasonably request). The Company shall also promptly notify Legal Counsel
and each Investor in writing (i) when a prospectus or any prospectus supplement
or post-effective amendment has been filed, and when a Registration Statement or
any post-effective amendment has become effective (notification of such
effectiveness shall be delivered to Legal Counsel and each Investor by facsimile
on the same day of such effectiveness and by overnight mail), (ii) of any
request by the SEC for amendments or supplements to a Registration Statement or
related prospectus or related information, and (iii) of the Company's reasonable
determination that a post-effective amendment to a Registration Statement would
be appropriate.

          g. The Company shall use its best efforts to prevent the issuance of
any stop order or other suspension of effectiveness of a Registration Statement,
or the suspension of the qualification of any of the Registrable Securities for
sale in any jurisdiction and, if such an order or suspension is issued, to
obtain the withdrawal of such order or suspension at the earliest possible
moment and to notify Legal Counsel and each Investor who holds Registrable
Securities being sold of the issuance of such order and the resolution thereof
or its receipt of actual notice of the initiation or threat of any proceeding
for such purpose.

          h. At the reasonable request (in the context of the securities laws)
of any Investor, the Company shall furnish to such Investor, on the date of the
effectiveness of the Registration Statement and thereafter from time to time on
such dates as an Investor may reasonably request and such request is made by an
underwriter in connection with the sale by such Investor of shares of Common
Stock (i) a letter, dated such date, from the Company's independent certified
public accountants in form and substance as is customarily given by independent
certified public accountants to underwriters in an underwritten public offering,
addressed to the Investors, and (ii) an opinion, dated as of such date, of
counsel representing the

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Company for purposes of such Registration Statement, in form, scope and
substance as is customarily given in an underwritten public offering, addressed
to the Investors; provided that such Investor shall reimburse the Company for
its out-of-pocket expenses incurred in connection with the furnishing of any
such letter and opinion.

          i. At the reasonable request (in the context of the securities laws)
of any Investor, the Company shall make available for inspection during regular
business hours by (i) any Investor, (ii) Legal Counsel and (iii) one firm of
accountants or other agents retained by the Investors (collectively, the
"INSPECTORS"), all pertinent financial and other records, and pertinent
corporate documents and properties of the Company (collectively, the "RECORDS"),
as shall be reasonably deemed necessary by each Inspector, and cause the
Company's officers, directors and employees to supply all information which any
Inspector may reasonably request; provided, however, that each Inspector shall
agree to hold in strict confidence and shall not make any disclosure (except to
an Investor) or use of any Record or other information which the Company
determines in good faith to be confidential, and of which determination the
Inspectors are so notified, unless (a) the disclosure of such Records is
necessary to avoid or correct a misstatement or omission in any Registration
Statement or is otherwise required under the 1933 Act, (b) the release of such
Records is ordered pursuant to a final, non-appealable subpoena or order from a
court or government body of competent jurisdiction, or (c) the information in
such Records has been made generally available to the public other than by
disclosure in violation of this or any other agreement of which the Inspector
has knowledge. Each Investor agrees that it shall, upon learning that disclosure
of such Records is sought in or by a court or governmental body of competent
jurisdiction or through other means, give prompt notice to the Company and allow
the Company, at its expense, to undertake appropriate action to prevent
disclosure of, or to obtain a protective order for, the Records deemed
confidential. Each Inspector which exercises its rights under this Section 3(i)
shall be obligated to execute a non-disclosure agreement containing such
reasonable terms as the Company may request. The fees and expenses of the
Inspectors shall be borne by the applicable Investor.

          j. The Company shall hold in confidence and not make any disclosure of
information concerning an Investor provided to the Company unless (i) disclosure
of such information is necessary to comply with federal or state securities
laws, (ii) the disclosure of such information is necessary to avoid or correct a
misstatement or omission in any Registration Statement, (iii) the release of
such information is ordered pursuant to a subpoena or other final,
non-appealable order from a court or governmental body of competent
jurisdiction, or (iv) such information has been made generally available to the
public other than by disclosure in violation of this Agreement or any other
agreement. The Company agrees that it shall, upon learning that disclosure of
such information concerning an Investor is sought in or by a court or
governmental body of competent jurisdiction or through other means, give prompt
written notice to such Investor and allow such Investor, at the Investor's
expense, to undertake appropriate action to prevent disclosure of, or to obtain
a protective order for, such information.

          k. The Company shall use its best efforts to (i) cause all the
Registrable Securities covered by a Registration Statement to be listed on each
securities exchange on which securities of the same class or series issued by
the Company are then listed, if any, if the listing of such Registrable
Securities is then permitted under the rules of such exchange, or (ii) secure
designation and quotation of all the Registrable Securities covered by the
Registration Statement on The NASDAQ National Market System, or (iii) if,
despite the Company's best efforts to

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satisfy the preceding clause (i) or (ii), the Company is unsuccessful in
satisfying the preceding clause (i) or (ii), to secure the inclusion for
quotation on The NASDAQ SmallCap Market for such Registrable Securities and,
without limiting the generality of the foregoing, to arrange for at least two
market makers to register with the National Association of Securities Dealers,
Inc. ("NASD") as such with respect to such Registrable Securities. The Company
shall pay all fees and expenses in connection with satisfying its obligation
under this Section 3(k).

          l. The Company shall cooperate with the Investors who hold Registrable
Securities being offered and, to the extent applicable, facilitate the timely
preparation and delivery of certificates (not bearing any restrictive legend)
representing the Registrable Securities to be offered pursuant to a Registration
Statement and enable such certificates to be in such denominations or amounts,
as the case may be, as the Investors may reasonably request and registered in
such names as the Investors may request.

          m. The Company shall provide a transfer agent and registrar of all
such Registrable Securities not later than the effective date of the applicable
Registration Statement.

          n. If requested by an Investor, the Company shall (i) as soon as
practicable incorporate in a prospectus supplement, post-effective amendment or
such other supplement or amendment as may be necessary such information as an
Investor requests to be included therein relating to the sale and distribution
of Registrable Securities, including information with respect to the number of
Registrable Securities being offered or sold, the purchase price being paid
therefor and any other terms of the offering of the Registrable Securities to be
sold in such offering; (ii) as soon as practicable make all required filings of
such prospectus supplement, post-effective amendment or such other supplement or
amendment as may be necessary after being notified of the matters to be
incorporated in such prospectus supplement, post-effective amendment or such
other supplement or amendment as may be necessary; and (iii) as soon as
practicable, supplement or make amendments to any Registration Statement if
reasonably requested by an Investor of such Registrable Securities.

          o. The Company shall use its best efforts to cause the Registrable
Securities covered by the applicable Registration Statement to be registered
with or approved by such other governmental agencies or authorities in the
United States as may be necessary to consummate the disposition of such
Registrable Securities.

          p. The Company shall make generally available to its security holders
as soon as practical, but not later than 90 days after the close of the period
covered thereby, an earnings statement (in form complying with the provisions of
Rule 158 under the 1933 Act) covering a twelve-month period beginning not later
than the first day of the Company's fiscal quarter next following the effective
date of a Registration Statement.

          q. Within two (2) Business Days after a Registration Statement which
covers applicable Registrable Securities is ordered effective by the SEC, the
Company shall deliver, and shall cause legal counsel for the Company to deliver,
to the transfer agent for such Registrable Securities (with copies to the
Investors whose Registrable Securities are included in such Registration
Statement) confirmation that such Registration Statement has been declared
effective by the SEC in substantially the form attached hereto as Exhibit A,
provided that if the Company changes its transfer agent, it shall immediately
deliver any previously delivered notices under this Section 3(q) and any
subsequent notices to such new transfer agent.

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          r. The Company shall make such filings with the National Association
of Securities Dealers, Inc. (including providing all required information and
paying required fees thereto) as and when requested by an Investor and make all
other filings reasonably necessary for Investors to sell Registrable Securities
pursuant to a Registration Statement.

          s. Notwithstanding anything to the contrary in Section 3(f), at any
time after the applicable Registration Statement has been declared effective by
the SEC, the Company may delay the disclosure of material non-public information
concerning the Company the disclosure of which at the time is not, in the good
faith opinion of the Board of Directors of the Company and its counsel, in the
best interest of the Company and, in the opinion of counsel to the Company,
otherwise required (a "GRACE PERIOD"); provided, that the Company shall promptly
(i) notify the Investors in writing of the existence of material non-public
information giving rise to a Grace Period (provided that in each notice the
Company shall not disclose the content of such material non-public information
to the Investors) and the date on which the Grace Period will begin, and (ii)
notify the Investors in writing of the date on which the Grace Period ends; and,
provided further, that no Grace Period shall exceed 20 consecutive days and
during any 365 day period such Grace Periods shall not exceed an aggregate of 40
days and the first day of any Grace Period must be at least two (2) Trading Days
after the last day of any prior Grace Period (an "ALLOWABLE GRACE PERIOD"). For
purposes of determining the length of a Grace Period above, the Grace Period
shall begin on and include the date the holders receive the notice referred to
in clause (i) and shall end on and include the later of the date the holders
receive the notice referred to in clause (ii) and the date referred to in such
notice. The provisions of Section 3(g) hereof shall not be applicable during the
period of any Allowable Grace Period. Upon expiration of the Grace Period, the
Company shall again be bound by the first sentence of Section 3(f) with respect
to the information giving rise thereto unless such material non-public
information is no longer applicable.

4. OBLIGATIONS OF THE INVESTORS.

          a. At least six (6) Business Days prior to the first anticipated
filing date of a Registration Statement and at least five (5) Business Days
prior to the filing of any amendment or supplement to a Registration Statement,
the Company shall notify each Investor in writing of the information, if any,
the Company requires from each such Investor if such Investor elects to have any
of such Investor's Registrable Securities included in such Registration
Statement or, with respect to an amendment or a supplement, if such Investor's
Registrable Securities are included in such Registration Statement (each an
"INFORMATION REQUEST"). Provided that the Company shall have complied with its
obligations set forth in the preceding sentence, it shall be a condition
precedent to the obligations of the Company to complete the registration
pursuant to this Agreement with respect to the Registrable Securities of a
particular Investor that such Investor shall furnish to the Company, in response
to an Information Request, such information regarding itself, the Registrable
Securities held by it and the intended method of disposition of the Registrable
Securities held by it as shall be reasonably required to effect the registration
of such Registrable Securities and shall execute such documents in connection
with such registration as the Company may reasonably request.

          b. Each Investor, by such Investor's acceptance of the Registrable
Securities,

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agrees to cooperate with the Company as reasonably requested by the Company in
connection with the preparation and filing of any Registration Statement
hereunder, unless such Investor has notified the Company in writing of such
Investor's election to exclude all of such Investor's Registrable Securities
from such Registration Statement.

          c. Each Investor agrees that, upon receipt of any notice from the
Company of the happening of any event of the kind described in Section 3(g) or
the first sentence of 3(f) or written notice from the Company of a Grace Period,
such Investor will immediately discontinue disposition of Registrable Securities
pursuant to any Registration Statement(s) covering such Registrable Securities
until such Investor's receipt of the copies of the supplemented or amended
prospectus contemplated by Section 3(g) or the first sentence of 3(f) or receipt
of notice that no supplement or amendment is required or that the Grace Period
has ended.

5. EXPENSES OF REGISTRATION.

          All reasonable expenses, other than underwriting discounts and
commissions, incurred in connection with registrations, filings or
qualifications pursuant to Sections 2 and 3, including all registration, listing
and qualifications fees, printers and accounting fees, and fees and
disbursements of counsel for the Company shall be paid by the Company, except as
provided in Section 3(h). The Company shall also reimburse the Investors for the
reasonable fees and disbursements of Legal Counsel in connection with
registration, filing or qualification pursuant to Sections 2 and 3 of this
Agreement.

6. INDEMNIFICATION.

          In the event any Registrable Securities are included in a Registration
Statement under this Agreement:

          a. To the fullest extent permitted by law, the Company will, and
hereby does, indemnify, hold harmless and defend each Investor, the directors,
officers, partners, employees, agents, representatives of, and each Person, if
any, who controls any Investor within the meaning of the 1933 Act or the 1934
Act (each, an "INDEMNIFIED PERSON"), against any losses, claims, damages,
liabilities, judgments, fines, penalties, charges, costs, reasonable attorneys'
fees, amounts paid in settlement or expenses, joint or several, (collectively,
"CLAIMS") incurred in investigating, preparing or defending any action, claim,
suit, inquiry, proceeding, investigation or appeal taken from the foregoing by
or before any court or governmental, administrative or other regulatory agency,
body or the SEC, whether pending or threatened, whether or not an indemnified
party is or may be a party thereto ("INDEMNIFIED DAMAGES"), to which any of them
may become subject insofar as such Claims (or actions or proceedings, whether
commenced or threatened, in respect thereof) arise out of or are based upon: (i)
any untrue statement or alleged untrue statement of a material fact in a
Registration Statement or any post-effective amendment thereto or in any filing
made in connection with the qualification of the offering under the securities
or other "blue sky" laws of any jurisdiction in which Registrable Securities are
offered ("BLUE SKY FILING"), or the omission or alleged omission to state a
material fact required to be stated therein or necessary to make the statements
therein not misleading, (ii) any untrue statement or alleged untrue statement of
a material fact contained in any preliminary prospectus

                                       10

<PAGE>

if used prior to the effective date of such Registration Statement, or contained
in the final prospectus (as amended or supplemented, if the Company files any
amendment thereof or supplement thereto with the SEC) or the omission or alleged
omission to state therein any material fact necessary to make the statements
made therein, in light of the circumstances under which the statements therein
were made, not misleading, (iii) any violation or alleged violation by the
Company of the 1933 Act, the 1934 Act, any other law, including any state
securities law, or any rule or regulation thereunder relating to the offer or
sale of the Registrable Securities pursuant to a Registration Statement or (iv)
any material violation of this Agreement by the Company (the matters in the
foregoing clauses (i) through (iv) being, collectively, "VIOLATIONS"). Subject
to Section 6(c), the Company shall reimburse the Indemnified Persons, promptly
as such expenses are incurred and are due and payable, for any legal fees or
other reasonable expenses incurred by them in connection with investigating or
defending any such Claim. Notwithstanding anything to the contrary contained
herein, the indemnification agreement contained in this Section 6(a): (i) shall
not apply to a Claim by an Indemnified Person arising out of or based upon a
Violation which occurs in reliance upon and in conformity with information
furnished in writing to the Company by such Indemnified Person for such
Indemnified Person expressly for use in connection with the preparation of the
Registration Statement or any such amendment thereof or supplement thereto, if
such prospectus was timely made available by the Company pursuant to Section
3(d); (ii) with respect to any preliminary prospectus, shall not inure to the
benefit of any such person from whom the person asserting any such Claim
purchased the Registrable Securities that are the subject thereof (or to the
benefit of any person controlling such person) if the untrue statement or
omission of material fact contained in the preliminary prospectus was corrected
in the prospectus, as then amended or supplemented, if such prospectus was
timely made available by the Company pursuant to Section 3(d), and the
Indemnified Person was promptly advised in writing not to use the incorrect
preliminary prospectus prior to the use giving rise to a violation and such
Indemnified Person, notwithstanding such advice, used it; (iii) shall not be
available to the extent such Claim is based on a failure of the Investor to
deliver or to cause to be delivered the prospectus made available by the
Company, if such prospectus was timely made available by the Company pursuant to
Section 3(d); and (iv) shall not apply to amounts paid in settlement of any
Claim if such settlement is effected without the prior written consent of the
Company, which consent shall not be unreasonably withheld. Such indemnity shall
remain in full force and effect regardless of any investigation made by or on
behalf of the Indemnified Person and shall survive the transfer of the
Registrable Securities by the Investors pursuant to Section 9.

          b. In connection with any Registration Statement in which an Investor
is participating, each such Investor agrees to severally and not jointly
indemnify, hold harmless and defend, to the same extent and in the same manner
as is set forth in Section 6(a), the Company, each of its directors, each of its
officers who signs the Registration Statement, and each Person, if any, who
controls the Company within the meaning of the 1933 Act or the 1934 Act (each an
"INDEMNIFIED PARTY"), against any Claim or Indemnified Damages to which any of
them may become subject, under the 1933 Act, the 1934 Act or otherwise, insofar
as such Claim or Indemnified Damages arise out of or are based upon any
Violation, in each case to the extent, and only to the extent, that such
Violation occurs in reliance upon and in conformity with written information
furnished to the Company by such Investor expressly for use in connection with
such Registration Statement; and, subject to Section 6(c), such Investor will
reimburse any legal or other expenses reasonably incurred by an Indemnified
Party in connection with investigating

                                       11

<PAGE>

or defending any such Claim; provided, however, that the indemnity agreement
contained in this Section 6(b) and the agreement with respect to contribution
contained in Section 7 shall not apply to amounts paid in settlement of any
Claim if such settlement is effected without the prior written consent of such
Investor, which consent shall not be unreasonably withheld; provided, further,
however, that the aggregate liability of the Investor in connection with any
Violation shall not exceed the net proceeds to such Investor as a result of the
sale of Registrable Securities pursuant to the Registration Statement giving
rise to such Claim. Such indemnity shall remain in full force and effect
regardless of any investigation made by or on behalf of such Indemnified Party
and shall survive the transfer of the Registrable Securities by the Investors
pursuant to Section 9. Notwithstanding anything to the contrary contained
herein, the indemnification agreement contained in this Section 6(b) with
respect to any preliminary prospectus shall not inure to the benefit of any
Indemnified Party if the untrue statement or omission of material fact contained
in the preliminary prospectus was corrected on a timely basis in the prospectus,
as then amended or supplemented.

          c. Promptly after receipt by an Indemnified Person or Indemnified
Party under this Section 6 of notice of the commencement of any action or
proceeding (including any governmental action or proceeding) involving a Claim,
such Indemnified Person or Indemnified Party shall, if a Claim in respect
thereof is to be made against any indemnifying party under this Section 6,
deliver to the indemnifying party a written notice of the commencement thereof,
and the indemnifying party shall have the right to participate in, and, to the
extent the indemnifying party so desires, jointly with any other indemnifying
party similarly noticed, to assume control of the defense thereof with counsel
mutually satisfactory to the indemnifying party and the Indemnified Person or
the Indemnified Party, as the case may be. In any such proceeding, any
Indemnified Person or Indemnified Party may retain its own counsel, but, except
as provided in the following sentence, the fees and expenses of that counsel
will be at the expense of that Indemnified Person or Indemnified Party, as the
case may be, unless (i) the indemnifying party and the Indemnified Person or
Indemnified Party, as applicable, shall have mutually agreed to the retention of
that counsel, (ii) the indemnifying party does not assume the defense of such
proceeding in a timely manner or (iii) in the reasonable opinion of counsel
retained by the indemnifying party, the representation by such counsel for the
Indemnified Person or Indemnified Party and the indemnifying party would be
inappropriate due to actual or potential differing interests between such
Indemnified Person or Indemnified Party and any other party represented by such
counsel in such proceeding. In the event of (i), (ii) or (iii) above only, the
Company shall pay reasonable fees for up to one separate legal counsel for the
Investors, and such legal counsel shall be selected by the Investors holding at
least two-thirds (2/3) in interest of the Registrable Securities included in the
Registration Statement to which the Claim relates. The Indemnified Party or
Indemnified Person shall cooperate fully with the indemnifying party in
connection with any negotiation or defense of any such action or Claim by the
indemnifying party and shall furnish to the indemnifying party all information
reasonably available to the Indemnified Party or Indemnified Person which
relates to such action or Claim. The indemnifying party shall keep the
Indemnified Party or Indemnified Person fully apprised at all times as to the
status of the defense or any settlement negotiations with respect thereto. No
indemnifying party shall be liable for any settlement of any action, claim or
proceeding effected without its prior written consent, provided, however, that
the indemnifying party shall not unreasonably withhold, delay or condition its
consent. No indemnifying party shall, without the prior written consent of the
Indemnified Party or Indemnified Person, consent to entry of any

                                       12

<PAGE>

judgment or enter into any settlement or other compromise with respect to any
pending or threatened action or claim in respect of which indemnification or
contribution may be or has been sought hereunder (whether or not the Indemnified
Party or Indemnified Person is an actual or potential party to such action or
claim), which does not include as an unconditional term thereof the giving by
the claimant or plaintiff to such Indemnified Party or Indemnified Person of a
release from all liability in respect to such Claim or litigation. Following
indemnification as provided for hereunder, the indemnifying party shall be
subrogated to all rights of the Indemnified Party or Indemnified Person with
respect to all third parties, firms or corporations relating to the matter for
which indemnification has been made. The failure to deliver written notice to
the indemnifying party within a reasonable time of the commencement of any such
action shall not relieve such indemnifying party of any liability to the
Indemnified Person or Indemnified Party under this Section 6, except to the
extent that the indemnifying party is prejudiced in its ability to defend such
action.

          d. The indemnification required by this Section 6 shall be made by
periodic payments of the amount thereof during the course of the investigation
or defense, as and when bills are received or Indemnified Damages are incurred.

          e. The indemnity agreements contained herein shall be in addition to
(i) any cause of action or similar right of the Indemnified Party or Indemnified
Person against the indemnifying party or others, and (ii) any liabilities the
indemnifying party may be subject to pursuant to the law.

7. CONTRIBUTION.

          To the extent any indemnification by an indemnifying party is
prohibited or limited by law, the indemnifying party agrees to make the maximum
contribution with respect to any amounts for which it would otherwise be liable
under Section 6 to the fullest extent permitted by law; provided, however, that:
(i) no Person involved in the sale of Registrable Securities which Person is
guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of
the 1933 Act) in connection with such sale, shall be entitled to contribution
from any Person involved in such sale of Registrable Securities who was not
guilty of fraudulent misrepresentation; and (ii) contribution by any seller of
Registrable Securities shall be limited to an amount equal to the net amount of
proceeds received by such seller from the sale of such Registrable Securities
pursuant to the Registration Statement giving rise to such action or claim for
indemnification less the amount of any damages that such seller has otherwise
been required to pay in connection with such sale.

8. REPORTS UNDER THE 1934 ACT.

          With a view to making available to the Investors the benefits of Rule
144 promulgated under the 1933 Act or any other similar rule or regulation of
the SEC that may at any time permit the Investors to sell securities of the
Company to the public without registration ("RULE 144"), the Company agrees to:

          a. make and keep public information available, as those terms are
understood

                                       13

<PAGE>

and defined in Rule 144;

          b. file with the SEC in a timely manner all reports and other
documents required of the Company under the 1933 Act and the 1934 Act so long as
the Company remains subject to such requirements (it being understood that
nothing herein shall limit the Company's obligations under Section 7.15 of the
Loan Agreement) and the filing of such reports and other documents is required
for the applicable provisions of Rule 144; and

          c. furnish to each Investor so long as such Investor owns Registrable
Securities, promptly upon written request, (i) a written statement by the
Company that it has complied with the reporting requirements of Rule 144, the
1933 Act and the 1934 Act, (ii) a copy of the most recent annual or quarterly
report of the Company and such other reports and documents so filed by the
Company, and (iii) such other information as may be reasonably requested to
permit the Investors to sell such securities pursuant to Rule 144 without
registration.

9. ASSIGNMENT OF REGISTRATION RIGHTS.

          The rights under this Agreement shall be automatically assignable by
the Investors to any transferee of all or any portion of Registrable Securities
if: (i) the Investor agrees in writing with the transferee or assignee to assign
such rights, and a copy of such agreement is furnished to the Company within
five (5) Business Days after such transfer or assignment; (ii) the Company is,
within five (5) Business Days after such transfer or assignment, furnished with
written notice of (a) the name and address of such transferee or assignee, and
(b) the securities with respect to which such registration rights are being
transferred or assigned; (iii) immediately following such transfer or assignment
the further disposition of such securities by the transferee or assignee is
restricted under the 1933 Act and applicable state securities laws; (iv) at or
before the time the Company receives the written notice contemplated by clause
(ii) of this sentence, the transferee or assignee agrees in writing with the
Company to be bound by all of the provisions contained herein; and (v) such
transfer shall have been made in accordance with the applicable requirements of
the Loan Agreement and applicable securities laws.

10. AMENDMENT OF REGISTRATION RIGHTS.

          Provisions of this Agreement may be amended and the observance thereof
may be waived (either generally or in a particular instance and either
retroactively or prospectively), only with the written consent of the Company
and Investors who then hold at least two-thirds (2/3) of the Registrable
Securities. Any amendment or waiver effected in accordance with this Section 10
shall be binding upon each Investor and the Company. No such amendment shall be
effective to the extent that it applies to less than all of the holders of the
Registrable Securities. No consideration shall be offered or paid to any Person
to amend or consent to a waiver or modification of any provision of any of this
Agreement unless the same consideration also is offered to all of the parties to
this Agreement.

11. MISCELLANEOUS.

          a. A Person is deemed to be a holder of Registrable Securities
whenever such

                                       14

<PAGE>

Person owns or is deemed to own of record such Registrable Securities. If the
Company receives conflicting instructions, notices or elections from two or more
Persons with respect to the same Registrable Securities, the Company shall act
upon the basis of instructions, notice or election received from the registered
owner of such Registrable Securities.

          b. Any notices, consents, waivers or other communications required or
permitted to be given under the terms of this Agreement must be in writing and
will be deemed to have been delivered: (i) upon receipt, when delivered
personally; (ii) upon receipt, when sent by facsimile (provided confirmation of
transmission is mechanically or electronically generated and kept on file by the
sending party); or (iii) one (1) Business Day after deposit with a nationally
recognized overnight delivery service, in each case properly addressed to the
party to receive the same. The addresses and facsimile numbers for such
communications shall be:

     If to the Company:

          TRM Corporation
          1521 Locust Street, Second Floor
          Philadelphia, PA 19102
          Telephone: (215) 832-0074
          Facsimile: (215) 832-0078
          Attention: President & CEO, with copy to General Counsel

     With copy to:

          Ledgewood, P.C.
          1900 Market Street, Suite 750
          Philadelphia, PA 19103
          Telephone: (215) 731-9450
          Facsimile: (215) 735-2513
          Attention: J. Baur Whittlesey

     If to Legal Counsel:

          Katten Muchin Rosenman LLP
          525 West Monroe Street
          Chicago, Illinois 60661-3693
          Telephone: (312) 902-5583
          Facsimile: (312) 577-8797
          Attention: Rene Ghadimi

     If to a Buyer, to its address and facsimile number set forth on the
Schedule of Buyers attached hereto, with copies to such Buyer's representatives
as set forth on the Schedule of Buyers, or if, in the case of a Buyer or other
party named above, to such other address and/or facsimile number and/or to the
attention of such other person as the recipient party has specified

                                       15

<PAGE>

by written notice given to each other party at least five (5) days prior to the
effectiveness of such change.

     If to an Investor (other than a Buyer), to such Investor at the address
and/or facsimile number reflected in the records of the Company. Written
confirmation of receipt (A) given by the recipient of such notice, consent,
waiver or other communication, (B) mechanically or electronically generated by
the sender's facsimile machine containing the time, date, recipient facsimile
number and an image of the first page of such transmission or (C) provided by a
courier or overnight courier service shall be rebuttable evidence of personal
service, receipt by facsimile or deposit with a nationally recognized overnight
delivery service in accordance with clause (i), (ii) or (iii) above,
respectively.

          c. Failure of any party to exercise any right or remedy under this
Agreement or otherwise, or delay by a party in exercising such right or remedy,
shall not operate as a waiver thereof.

          d. All questions concerning the construction, validity, enforcement
and interpretation of this Agreement shall be governed by the internal laws of
the State of New York, without giving effect to any choice of law or conflict of
law provision or rule (whether of the State of New York or any other
jurisdictions) that would cause the application of the laws of any jurisdictions
other than the State of New York. Each party hereby irrevocably submits to the
exclusive jurisdiction of the state and federal courts sitting the City of New
York, borough of Manhattan, for the adjudication of any dispute hereunder or in
connection herewith or with any transaction contemplated hereby or discussed
herein, and hereby irrevocably waives, and agrees not to assert in any suit,
action or proceeding, any claim that it is not personally subject to the
jurisdiction of any such court, that such suit, action or proceeding is brought
in an inconvenient forum or that the venue of such suit, action or proceeding is
improper. Each party hereby irrevocably waives personal service of process and
consents to process being served in any such suit, action or proceeding by
mailing a copy thereof to such party at the address for such notices to it under
this Agreement and agrees that such service shall constitute good and sufficient
service of process and notice thereof. Nothing contained herein shall be deemed
to limit in any way any right to serve process in any manner permitted by law.
If any provision of this Agreement shall be invalid or unenforceable in any
jurisdiction, such invalidity or unenforceability shall not affect the validity
or enforceability of the remainder of this Agreement in that jurisdiction or the
validity or enforceability of any provision of this Agreement in any other
jurisdiction. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND
AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE
HEREUNDER OR IN CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY
TRANSACTION CONTEMPLATED HEREBY.

          e. This Agreement and the other Loan Documents constitute the entire
agreement among the parties hereto with respect to the subject matter hereof and
thereof. There are no restrictions, promises, warranties or undertakings, other
than those set forth or referred to herein and therein. This Agreement and the
other Loan Documents supersede all prior agreements and understandings among the
parties hereto with respect to the subject matter hereof and thereof.

                                       16

<PAGE>

          f. Subject to the requirements of Section 9, this Agreement shall
inure to the benefit of and be binding upon the permitted successors and assigns
of each of the parties hereto.

          g. The headings in this Agreement are for convenience of reference
only and shall not limit or otherwise affect the meaning hereof.

          h. This Agreement may be executed in two or more identical
counterparts, all of which shall be considered one and the same agreement and
shall become effective when counterparts have been signed by each party and
delivered to each other party; provided that a facsimile signature shall be
considered due execution and shall be binding upon the signatory thereto with
the same force and effect as if the signature were an original, not a facsimile
signature.

          i. Each party shall do and perform, or cause to be done and performed,
all such further acts and things, and shall execute and deliver all such other
agreements, certificates, instruments and documents, as the other party may
reasonably request in order to carry out the intent and accomplish the purposes
of this Agreement and the consummation of the transactions contemplated hereby.

          j. All consents and other determinations to be made by the Investors
pursuant to this Agreement shall be made, unless otherwise specified in this
Agreement, by Investors holding at least two-thirds (2/3) of the Registrable
Securities, determined as if all of the Warrants then outstanding have been
exercised for Registrable Securities without regard to any limitations on the
exercise of the Warrants. Any consent or other determination approved by
Investors as provided in the immediately preceding sentence shall be binding on
all Investors.

          k. The language used in this Agreement will be deemed to be the
language chosen by the parties to express their mutual intent and no rules of
strict construction will be applied against any party.

          l. This Agreement is intended for the benefit of the parties hereto
and their respective permitted successors and assigns, and, to the extent
provided in Sections 6(a) and 6(b) hereof, each Investor, the directors,
officers, partners, employees, agents, representatives of, and each Person, if
any who controls any Investor within the meaning of the 1933 Act and the 1934
Act and each of the Company's directors, each of the Company's officers who
signs the Registration Statement, and each Person, if any, who controls the
Company within the meaning of the 1933 Act and the 1934 Act, and is not for the
benefit of, nor may any provision hereof be enforced by, any other Person.

          m. Unless the context otherwise requires, (a) all references to
Sections, Schedules or Exhibits are to Sections, Schedules or Exhibits contained
in or attached to this Agreement, (b) each accounting term not otherwise defined
in this Agreement has the meaning assigned to it in accordance with GAAP, (c)
words in the singular or plural include the singular and plural and pronouns
stated in either the masculine, the feminine or neuter gender shall include the
masculine, feminine and neuter and (d) the use of the word "including" in this
Agreement shall be by way of example rather than limitation.

                                     ******

                                       17

<PAGE>

     IN WITNESS WHEREOF, the parties have caused this Registration Rights
Agreement to be duly executed as of day and year first above written.

COMPANY:                                BUYERS:

TRM CORPORATION                         GSO CREDIT OPPORTUNITIES FUND
                                        (HELIOS), L.P.

By:                                     By: GSO Capital Partners, LP
    ---------------------------------   Its: Investment Advisor
Name:
      -------------------------------
Title:                                  By:
       ------------------------------       ------------------------------------
                                        Name: George Fan
                                        Title: Managing Director

                                        GSO SPECIAL SITUATIONS OVERSEAS
                                        BENEFIT PLAN FUND LTD.

                                        By: GSO Capital Partners, LP
                                        Its: Investment Advisor

                                        By:
                                            ------------------------------------
                                        Name: George Fan
                                        Title: Managing Director

                                        GSO SPECIAL SITUATIONS FUND LTD.

                                        By: GSO Capital Partners, LP
                                        Its: Investment Advisor

                                        By:
                                            ------------------------------------
                                        Name: George Fan
                                        Title: Managing Director

<PAGE>

                                        GSO DOMESTIC CAPITAL FUNDING PARTNERS LP

                                        By: GSO Capital Partners, LP
                                        Its: Investment Advisor

                                        By:
                                            ------------------------------------
                                        Name: George Fan
                                        Title: Managing Director

<PAGE>

                               SCHEDULE OF BUYERS

<TABLE>
<CAPTION>
                                        INVESTOR ADDRESS         INVESTOR'S LEGAL REPRESENTATIVE'S
       INVESTOR'S NAME                AND FACSIMILE NUMBER         ADDRESS AND FACSIMILE NUMBER
       ---------------                --------------------       ---------------------------------
<S>                               <C>                            <C>
GSO Credit Opportunities Fund     c/o GSO Capital Partners, LP   Katten Muchin Rosenman LLP
(Helios), L.P.                    280 Park Avenue                525 W. Monroe Street
                                  New York, NY 10017             Chicago, Illinois 60661-3693
                                  Attention: George Fan, Esq.    Attention: Rene Ghadimi
                                  Telephone: (212) 503-2184      Telephone: (312) 902-5583
                                                                 Facsimile: (312) 577-8797

GSO Special Situations Overseas   c/o GSO Capital Partners, LP   Katten Muchin Rosenman LLP
Benefit Plan Fund Ltd.            280 Park Avenue                525 W. Monroe Street
                                  New York, NY 10017             Chicago, Illinois 60661-3693
                                  Attention: George Fan, Esq.    Attention: Rene Ghadimi
                                  Telephone: (212) 503-2184      Telephone: (312) 902-5583
                                                                 Facsimile: (312) 577-8797

GSO Special Situations Fund Ltd.  c/o GSO Capital Partners, LP   Katten Muchin Rosenman LLP
                                  280 Park Avenue                525 W. Monroe Street
                                  New York, NY 10017             Chicago, Illinois 60661-3693
                                  Attention: George Fan, Esq.    Attention: Rene Ghadimi
                                  Telephone: (212) 503-2184      Telephone: (312) 902-5583
                                                                 Facsimile: (312) 577-8797

GSO Domestic Capital Funding      c/o GSO Capital Partners, LP   Katten Muchin Rosenman LLP
Partners LP                       280 Park Avenue                525 W. Monroe Street
                                  New York, NY 10017             Chicago, Illinois 60661-3693
                                  Attention: George Fan, Esq.    Attention: Rene Ghadimi
                                  Telephone: (212) 503-2184      Telephone: (312) 902-5583
                                                                 Facsimile: (312) 577-8797
</TABLE>

<PAGE>

                                                                       EXHIBIT A

                         FORM OF NOTICE OF EFFECTIVENESS
                            OF REGISTRATION STATEMENT

[TRANSFER AGENT]

ATTN: ________________________

          RE: TRM CORPORATION

Ladies and Gentlemen:

     We are counsel to TRM Corporation, an Oregon corporation (the "COMPANY"),
and have represented the Company in connection with that certain Amended and
Restated Second Lien Loan Agreement (the "LOAN AGREEMENT") entered into by and
among the Company, TRM ATM Corporation, TRM Copy Centers (USA) Corporation, the
Guarantors (as defined therein), Wells Fargo Foothill, Inc., as administrative
agent, and the buyers named therein (collectively, the "HOLDERS") pursuant to
which the Company issued to the Holders warrants to acquire an aggregate of
_________ shares of the Company's common stock, no par value per share (the
"COMMON STOCK") subject to adjustment (the "WARRANTS"), as set forth in, and
subject to the terms and conditions of, the Loan Agreement. Pursuant to the Loan
Agreement, the Company also has entered into a Registration Rights Agreement
with the Holders (the "REGISTRATION RIGHTS AGREEMENT") pursuant to which the
Company agreed, among other things, to register the Registrable Securities (as
defined in the Registration Rights Agreement), including the shares of Common
Stock issuable upon exercise of the Warrants, under the Securities Act of 1933,
as amended (the "1933 ACT"). In connection with the Company's obligations under
the Registration Rights Agreement, on ____________ ___, 200_, the Company filed
a Registration Statement on Form S-3 (File No. 333-_____________) (the
"REGISTRATION STATEMENT") with the Securities and Exchange Commission (the
"SEC") relating to ________ Registrable Securities (subject to adjustment)
issued or issuable upon exercise of Warrants issued on ________ __, 200_, which
names each of the Holders as a selling stockholder thereunder.

<PAGE>

     In connection with the foregoing, we advise you that a member of the SEC's
staff has advised us by telephone that the SEC has entered an order declaring
the Registration Statement effective under the 1933 Act at [ENTER TIME OF
EFFECTIVENESS] on [ENTER DATE OF EFFECTIVENESS] and we have no knowledge, after
telephonic inquiry of a member of the SEC's staff, that any stop order
suspending its effectiveness has been issued or that any proceedings for that
purpose are pending before, or threatened by, the SEC and the Registrable
Securities are available for resale under the 1933 Act pursuant to the
Registration Statement.

                                        Very truly yours,

                                        [ISSUER'S COUNSEL]

                                        By:
                                            ------------------------------------

cc: [LIST NAMES OF HOLDERS]$515,000,000 

CREDIT AGREEMENT 

dated as of November
20, 2006, 

among 

BANTA CORPORATION, 
as Borrower, 

THE GUARANTORS PARTY HERETO, 
as Guarantors, 

THE LENDERS PARTY
HERETO 

and 

UBS SECURITIES LLC, 
as Arranger and Bookmanager, 

and 

UBS AG, STAMFORD
BRANCH, 
as Issuing Bank,
Administrative Agent and Collateral Agent, 

and 

UBS LOAN FINANCE LLC, 
as Swingline Lender, 

and 

U.S. BANK, NATIONAL
ASSOCIATION, 
as Co-Syndication Agent, 

and 

LASALLE BANK, N.A., 
as Co-Syndication Agent, 

and 

M&I MARSHALL &
ILSLEY BANK, 
as Co-Documentation
Agent, 

and 

NATIONAL CITY BANK, 
as Co-Documentation Agent 

Skadden, Arps, Slate,
Meagher & Flom LLP
Four Times Square  
New York, NY 10036  

TABLE OF CONTENTS 

	Section	Page

ARTICLE I 

DEFINITIONS 

	SECTION 1.01	Defined Terms	1 
	SECTION 1.02	Classification of Loans and Borrowings	30 
	SECTION 1.03	Terms Generally	30 
	SECTION 1.04	Accounting Terms; GAAP	31 
	SECTION 1.05	Resolution of Drafting Ambiguities	31 

ARTICLE II 

THE CREDITS 

	SECTION 2.01	Commitments	31 
	SECTION 2.02	Loans	31 
	SECTION 2.03	Borrowing Procedure	32 
	SECTION 2.04	Evidence of Debt; Repayment of Loans	33 
	SECTION 2.05	Fees	34 
	SECTION 2.06	Interest on Loans	35 
	SECTION 2.07	Termination and Reduction of Commitments	36 
	SECTION 2.08	Interest Elections	36 
	SECTION 2.09	Amortization of Term Borrowings	37 
	SECTION 2.10	Optional and Mandatory Prepayments of Loans	37 
	SECTION 2.11	Alternate Rate of Interest	40 
	SECTION 2.12	Yield Protection	41 
	SECTION 2.13	Breakage Payments	42 
	SECTION 2.14	Payments Generally; Pro Rata Treatment; Sharing of Setoffs	43 
	SECTION 2.15	Taxes	44 
	SECTION 2.16	Mitigation Obligations; Replacement of Lenders	46 
	SECTION 2.17	Swingline Loans	47 
	SECTION 2.18	Letters of Credit	48 

ARTICLE III 

REPRESENTATIONS AND
WARRANTIES 

	SECTION 3.01	Organization; Powers	54 
	SECTION 3.02	Authorization; Enforceability	55 
	SECTION 3.03	No Conflicts	55 
	SECTION 3.04	Financial Statements; Projections	55 
	SECTION 3.05	Properties	56 
	SECTION 3.06	Intellectual Property	56 
	SECTION 3.07	Equity Interests and Subsidiaries	57 
	SECTION 3.08	Litigation; Compliance with Laws	57 

-i- 

	Section	Page

	SECTION 3.09	Agreements	57 
	SECTION 3.10	Federal Reserve Regulations	58 
	SECTION 3.11	Investment Company Act	58 
	SECTION 3.12	Use of Proceeds	58 
	SECTION 3.13	Taxes	58 
	SECTION 3.14	No Material Misstatements	58 
	SECTION 3.15	Solvency	59 
	SECTION 3.16	Employee Benefit Plans	59 
	SECTION 3.17	Environmental Matters	59 
	SECTION 3.18	Security Documents	61 
	SECTION 3.19	Anti-Terrorism Law	61 

ARTICLE IV 

CONDITIONS TO CREDIT
EXTENSIONS 

	SECTION 4.01	Conditions to Initial Credit Extension	62 
	SECTION 4.02	Conditions to All Credit Extensions	66 

ARTICLE V 

AFFIRMATIVE COVENANTS 

	SECTION 5.01	Financial Statements, Reports, etc	67 
	SECTION 5.02	Litigation and Other Notices	69 
	SECTION 5.03	Existence; Businesses and Properties	70 
	SECTION 5.04	Insurance	70 
	SECTION 5.05	Obligations and Taxes	71 
	SECTION 5.06	Employee Benefits	71 
	SECTION 5.07	Maintaining Records; Access to Properties and Inspections; Annual Meetings	72 
	SECTION 5.08	Use of Proceeds	72 
	SECTION 5.09	Compliance with Environmental Laws; Environmental Reports	72 
	SECTION 5.10	Interest Rate Protection	73 
	SECTION 5.11	Additional Collateral; Additional Guarantors	73 
	SECTION 5.12	Security Interests; Further Assurances	74 
	SECTION 5.13	Information Regarding Collateral	74 
	SECTION 5.14	Subsidiary Designations	75 
	SECTION 5.15	Triggering Event Security Interests	75 
	SECTION 5.16	Delivery of Outstanding Securities Collateral	75 

ARTICLE VI 

NEGATIVE COVENANTS 

	SECTION 6.01	Indebtedness	75 
	SECTION 6.02	Liens	77 
	SECTION 6.03	Sale and Leaseback Transactions	79 
	SECTION 6.04	Investment, Loan and Advances	79 

-ii- 

	Section	Page

	SECTION 6.05	Mergers and Consolidations	80 
	SECTION 6.06	Asset Sales	80 
	SECTION 6.07	Acquisitions	81 
	SECTION 6.08	Dividends	82 
	SECTION 6.09	Transactions with Affiliates	82 
	SECTION 6.10	Financial Covenants	83 
	SECTION 6.11	Prepayments of Other Indebtedness; Modifications of Organizational	 
	 	  Documents and Other Documents, etc.	84 
	SECTION 6.12	Limitation on Certain Restrictions on Subsidiaries	85 
	SECTION 6.13	Business	86 
	SECTION 6.14	Fiscal Year	86 
	SECTION 6.15	No Further Negative Pledge	86 
	SECTION 6.16	Anti-Terrorism Law; Anti-Money Laundering	86 
	SECTION 6.17	Embargoed Person	86 

ARTICLE VII 

GUARANTEE 

	SECTION 7.01	The Guarantee	87 
	SECTION 7.02	Obligations Unconditional	87 
	SECTION 7.03	Reinstatement	88 
	SECTION 7.04	Subrogation; Subordination	88 
	SECTION 7.05	Remedies	89 
	SECTION 7.06	Instrument for the Payment of Money	89 
	SECTION 7.07	Continuing Guarantee	89 
	SECTION 7.08	General Limitation on Guarantee Obligations	89 
	SECTION 7.09	Release of Guarantors	89 
	SECTION 7.10	Right of Contribution	90 

ARTICLE VIII 

EVENTS OF DEFAULT 

	SECTION 8.01	Events of Default	90 
	SECTION 8.02	Rescission	92 
	SECTION 8.03	Application of Proceeds	93 

ARTICLE IX 

THE ADMINISTRATIVE
AGENT AND THE COLLATERAL AGENT 

	SECTION 9.01	Appointment and Authority	93 
	SECTION 9.02	Rights as a Lender	94 
	SECTION 9.03	Exculpatory Provisions	94 
	SECTION 9.04	Reliance by Agent	95 
	SECTION 9.05	Delegation of Duties	95 
	SECTION 9.06	Resignation of Agent	95 
	SECTION 9.07	Non-Reliance on Agent and Other Lenders	96 

-iii- 

	Section	Page

	SECTION 9.08	No Other Duties, etc	96 

ARTICLE X 

MISCELLANEOUS 

	SECTION 10.01	Notices	96 
	SECTION 10.02	Waivers; Amendment	99 
	SECTION 10.03	Expenses; Indemnity; Damage Waiver	101 
	SECTION 10.04	Successors and Assigns	103 
	SECTION 10.05	Survival of Agreement	106 
	SECTION 10.06	Counterparts; Integration; Effectiveness; Electronic Execution	106 
	SECTION 10.07	Severability	106 
	SECTION 10.08	Right of Setoff	106 
	SECTION 10.09	Governing Law; Jurisdiction; Consent to Service of Process	107 
	SECTION 10.10	Waiver of Jury Trial	107 
	SECTION 10.11	Headings	108 
	SECTION 10.12	Treatment of Certain Information; Confidentiality	108 
	SECTION 10.13	USA PATRIOT Act Notice	108 
	SECTION 10.14	Interest Rate Limitation	108 
	SECTION 10.15	Lender Addendum	109 
	SECTION 10.16	Obligations Absolute	109 

ANNEXES 

	Annex I	Applicable Margin and Commitment Fee
	Annex II	Amortization Table

SCHEDULES 

	Schedule 1.01(a)	Refinancing Indebtedness to Be Repaid
	Schedule 1.01(b)	Subsidiary Guarantors
	Schedule 3.03	Governmental Approvals; Compliance with Laws
	Schedule 3.06(c)	Violations or Proceedings
	Schedule 3.09	Material Agreements
	Schedule 3.17	Environmental Matters
	Schedule 5.14	Immaterial Subsidiaries
	Schedule 4.01(g)	Local Counsel
	Schedule 6.01(b)	Existing Indebtedness
	Schedule 6.02(c)	Existing Liens
	Schedule 6.04(b)	Existing Investments

EXHIBITS 

	Exhibit A	Form of Administrative Questionnaire
	Exhibit B	Form of Assignment and Assumption
	Exhibit C	Form of Borrowing Request
	Exhibit D	Form of Compliance Certificate
	Exhibit E	Form of Interest Election Request

-iv- 

	Exhibit F	Form of Joinder Agreement
	Exhibit G	[Intentionally Omitted]
	Exhibit H	Form of LC Request
	Exhibit I	Form of Lender Addendum
	Exhibit J	[Intentionally Omitted]
	Exhibit K-1	Form of Term Note
	Exhibit K-2	Form of Revolving Note
	Exhibit K-3	Form of Swingline Note
	Exhibit L-1	Form of Perfection Certificate
	Exhibit L-2	Form of Perfection Certificate Supplement
	Exhibit M	Form of Security Agreement
	Exhibit N	[Intentionally Omitted]
	Exhibit O	Form of Solvency Certificate
	Exhibit P	[Intentionally Omitted]
	Exhibit Q	Form of Non-Bank Certificate

 

-v- 

CREDIT AGREEMENT 

        This
CREDIT AGREEMENT (this “Agreement, as the same may be amended, supplemented or
otherwise modified from time to time) dated as of November 20, 2006, among BANTA
CORPORATION, a Wisconsin corporation (“Borrower”), the Subsidiary
Guarantors (such term and each other capitalized term used but not defined herein having
the meaning given to it in Article I), the Lenders, UBS SECURITIES LLC, as
sole arranger (in such capacity, “Arranger”) and bookmanager (in such
capacity, “Bookmanager”), U.S. BANK, NATIONAL ASSOCIATION and LASALLE
BANK, N.A., individually, as co-syndication agent (individually, in such capacity,
“Co-Syndication Agent” and together, “Syndication
Agents”), M&I MARSHALL & ILSLEY BANK and NATIONAL CITY BANK,
individually, as co-documentation agent (individually, in such capacity,
“Co-Documentation Agent” and together, “Documentation
Agents” ), UBS LOAN FINANCE LLC, as swingline lender (in such capacity,
“Swingline Lender”), and UBS AG, STAMFORD BRANCH, as issuing bank (in
such capacity, “Issuing Bank”), as administrative agent (in such
capacity, “Administrative Agent”) for the Lenders and as collateral agent
(in such capacity, “Collateral Agent”) for the Secured Parties. 

WITNESSETH: 

        WHEREAS,
Borrower has requested the Lenders to extend credit in the form of (a) Term Loans on
the Closing Date, in an aggregate principal amount not in excess of $465,000,000, and
(b) Revolving Loans at any time and from time to time prior to the Revolving Maturity
Date, in an aggregate principal amount at any time outstanding not in excess of
$50,000,000, of which any amount of the Revolving Loans may be drawn after the Closing
Date. 

        WHEREAS,
Borrower has requested the Swingline Lender to make Swingline Loans, at any time and from
time to time prior to the Revolving Maturity Date, in an aggregate principal amount at any
time outstanding not in excess of $5,000,000. 

        WHEREAS,
Borrower has requested the Issuing Bank to issue letters of credit, in an aggregate face
amount at any time outstanding not in excess of $10,000,000, to support payment
obligations incurred in the ordinary course of business by Borrower and its Subsidiaries. 

        WHEREAS,
the proceeds of the Loans are to be used in accordance with Section 3.12. 

        NOW,
THEREFORE, the Lenders are willing to extend such credit to Borrower and the Issuing Bank
is willing to issue letters of credit for the account of Borrower on the terms and subject
to the conditions set forth herein. Accordingly, the parties hereto agree as follows: 

ARTICLE I  

DEFINITIONS  

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

        “ABR”,
when used in reference to any Loan or Borrowing, is used when such Loan, or the Loans
comprising such Borrowing, are bearing interest at a rate determined by reference to the
Alternate Base Rate. 

        “ABR
Borrowing” shall mean a Borrowing comprised of ABR Loans. 

        “ABR Loan”
shall mean any ABR Term Loan or ABR Revolving Loan. 

        “ABR
Revolving Loan” shall mean any Revolving Loan bearing interest at a rate
determined by reference to the Alternate Base Rate in accordance with the provisions of
Article II. 

        “ABR
Term Loan” shall mean any Term Loan bearing interest at a rate determined by
reference to the Alternate Base Rate in accordance with the provisions of
Article II. 

        “Acquisition
Consideration” shall mean the purchase consideration for any Permitted
Acquisition and all other payments by Borrower or any of its Subsidiaries in exchange for,
or as part of, or in connection with, any Permitted Acquisition, whether paid in cash or
by exchange of Equity Interests or of properties or otherwise and whether payable at or
prior to the consummation of such Permitted Acquisition or deferred for payment at any
future time, whether or not any such future payment is subject to the occurrence of any
contingency, and includes any and all payments representing the purchase price and any
assumptions of Indebtedness, “earn-outs” and other agreements to make any
payment the amount of which is, or the terms of payment of which are, in any respect
subject to or contingent upon the revenues, income, cash flow or profits (or the like) of
any person or business; provided that any such future payment that is subject to a
contingency shall be considered Acquisition Consideration only to the extent of the
reserve, if any, required under GAAP at the time of such sale to be established in respect
thereof by Borrower or any of its Subsidiaries. 

        “Act”
shall have the meaning assigned to such term in Section 10.13. 

        “Adjusted
LIBOR Rate” shall mean, with respect to any Eurodollar Borrowing for any Interest
Period, (a) an interest rate per annum (rounded upward, if necessary, to the nearest
1/100th of 1%) determined by the Administrative Agent to be equal to the LIBOR Rate for
such Eurodollar Borrowing in effect for such Interest Period divided by (b) 1
minus the Statutory Reserves (if any) for such Eurodollar Borrowing for such
Interest Period. 

        “Administrative
Agent” shall have the meaning assigned to such term in the preamble hereto and
includes each other person appointed as the successor pursuant to Article IX. 

        “Administrative
Agent Fee” shall have the meaning assigned to such term in
Section 2.05(b). 

        “Administrative
Questionnaire” shall mean an Administrative Questionnaire in substantially the
form of Exhibit A. 

        “Affiliate”
shall mean, when used with respect to a specified person, another person that directly, or
indirectly through one or more intermediaries, Controls or is Controlled by or is under
common Control with the person specified; provided, however, that, for
purposes of Section 6.09, the term “Affiliate” shall also include
(i) any person that directly or indirectly owns more than 10% of any class of Equity
Interests of the person specified or (ii) any person that is an executive officer or
director of the person specified. 

        “Agents”
shall mean the Administrative Agent and the Collateral Agent; and “Agent”
shall mean any of them. 

-2- 

        “Agreement”
shall have the meaning assigned to such term in the preamble hereto. 

        “Alternate
Base Rate” shall mean, for any day, a rate per annum (rounded upward, if
necessary, to the nearest 1/100th of 1%) equal to the greater of (a) the Base Rate in
effect on such day and (b) the Federal Funds Effective Rate in effect on such day
plus 0.50%. If the Administrative Agent shall have determined (which determination
shall be conclusive absent manifest error) that it is unable to ascertain the Federal
Funds Effective Rate for any reason, including the inability or failure of the
Administrative Agent to obtain sufficient quotations in accordance with the terms of the
definition thereof, the Alternate Base Rate shall be determined without regard to
clause (b) of the preceding sentence until the circumstances giving rise to such
inability no longer exist. Any change in the Alternate Base Rate due to a change in the
Base Rate or the Federal Funds Effective Rate shall be effective on the effective date of
such change in the Base Rate or the Federal Funds Effective Rate, respectively. 

        “Anti-Terrorism
Laws” shall have the meaning assigned to such term in Section 3.19. 

        “Applicable
Fee” shall mean, for any day, with respect to any Commitment, the applicable
percentage set forth in Annex I under the caption “Applicable Fee”. 

        “Applicable
Margin” shall mean, for any day, with respect to any Revolving Loan or Term Loan,
as the case may be, the applicable percentage set forth in Annex I under the
appropriate caption. 

        “Applicable
Percentage” shall mean, with respect to any Lender, the percentage of the
total Loans and Commitments represented by such Lender’s Loans and Commitments. 

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

        “Arranger”
shall have the meaning assigned to such term in the preamble hereto. 

        “Asset
Sale” shall mean (a) any conveyance, sale, lease, sublease, assignment,
transfer or other disposition (including by way of merger or consolidation and including
any Sale and Leaseback Transaction) of any property excluding sales of inventory and
dispositions of cash and cash equivalents, in each case, in the ordinary course of
business, by Borrower or any of its Subsidiaries and (b) any issuance or sale of any
Equity Interests of any Subsidiary of Borrower, in each case, to any person other than
(i) Borrower, (ii) any Subsidiary Guarantor or (iii) other than for
purposes of Section 6.06, any other Subsidiary. 

        “Assignment
and Assumption” shall mean an assignment and assumption entered into by a Lender
and an Eligible Assignee (with the consent of any party whose consent is required by
Section 10.04(b)), and accepted by the Administrative Agent, in substantially the
form of Exhibit B, or any other form approved by the Administrative Agent. 

        “Attributable
Indebtedness” shall mean, when used with respect to any Sale and Leaseback
Transaction, as at the time of determination, the present value (discounted at a rate
equivalent to Borrower’s then-current weighted average cost of funds for borrowed
money as at the time of determination, compounded on a semi-annual basis) of the total
obligations of the lessee for rental payments during the remaining term of the lease
included in any such Sale and Leaseback Transaction. 

-3- 

        “Auto-Renewal
Letter of Credit” shall have the meaning assigned to such term in
Section 2.18(c). 

        “Base
Rate” shall mean, for any day, a rate per annum that is equal to the corporate
base rate of interest established by the Administrative Agent from time to time; each
change in the Base Rate shall be effective on the date such change is effective. The
corporate base rate is not necessarily the lowest rate charged by the Administrative Agent
to its customers. 

        “Board”
shall mean the Board of Governors of the Federal Reserve System of the United States. 

        “Board
of Directors” shall mean, with respect to any person, (i) in the case of any
corporation, the board of directors of such person, (ii) in the case of any limited
liability company, the board of managers of such person, (iii) in the case of any
partnership, the Board of Directors of the general partner of such person and (iv) in
any other case, the functional equivalent of the foregoing. 

        “Bookmanager”
shall have the meaning assigned to such term in the preamble hereto. 

        “Borrower”
shall have the meaning assigned to such term in the preamble hereto. 

        “Borrowing”
shall mean (a) Loans of the same Class and Type, made, converted or continued on the same
date and, in the case of Eurodollar Loans, as to which a single Interest Period is in
effect, or (b) a Swingline Loan. 

        “Borrowing
Request” shall mean a request by Borrower in accordance with the terms of
Section 2.03 and substantially in the form of Exhibit C, or such
other form as shall be approved by the Administrative Agent. 

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

        “Capital
Assets” shall mean, with respect to any person, all equipment, fixed assets and
Real Property or improvements of such person, or replacements or substitutions therefor or
additions thereto, that, in accordance with GAAP, have been or should be reflected as
additions to property, plant or equipment on the balance sheet of such person. 

        “Capital
Expenditures” shall mean, for any period, without duplication, all expenditures
made directly or indirectly by Borrower and its Subsidiaries during such period for
Capital Assets (whether paid in cash or other consideration, financed by the incurrence of
Indebtedness or accrued as a liability), but excluding (i) expenditures made in
connection with the replacement, substitution or restoration of property pursuant to
Section 2.10(e) and (ii) any portion of such increase attributable solely
to acquisitions of property, plant and equipment in Permitted Acquisitions. For purposes
of this definition, the purchase price of equipment or other fixed assets that are
purchased simultaneously with the trade-in of existing assets or with insurance proceeds
shall be included in Capital Expenditures only to the extent of the gross amount by which
such purchase price exceeds the credit granted by the seller of such assets for the assets
being traded in at such time or the amount of such insurance proceeds, as the case may be. 

-4- 

        “Capital
Lease Obligations” of any person shall mean the obligations of such person to pay
rent or other amounts under any lease of (or other arrangement conveying the right to use)
real or personal property, or a combination thereof, which obligations are required to be
classified and accounted for as capital leases on a balance sheet of such person under
GAAP, and the amount of such obligations shall be the capitalized amount thereof
determined in accordance with GAAP. 

        “Cash
Equivalents” shall mean, as to any person, (a) securities issued, or
directly, unconditionally and fully guaranteed or insured, by the United States or any
agency or instrumentality thereof (provided that the full faith and credit of the
United States is pledged in support thereof) having maturities of not more than one year
from the date of acquisition by such person; (b) time deposits and certificates of
deposit of any Lender or any commercial bank having, or which is the principal banking
subsidiary of a bank holding company organized under the laws of the United States, any
state thereof or the District of Columbia having, capital and surplus aggregating in
excess of $500,000,000 and a rating of “A” (or such other similar equivalent
rating) or higher by at least one nationally recognized statistical rating organization
(as defined in Rule 436 under the Securities Act) with maturities of not more than one
year from the date of acquisition by such person; (c) repurchase obligations with a
term of not more than 30 days for underlying securities of the types described in
clause (a) above entered into with any bank meeting the qualifications specified in
clause (b) above, which repurchase obligations are secured by a valid perfected
security interest in the underlying securities; (d) commercial paper issued by any
person incorporated in the United States rated at least A-1 or the equivalent thereof by
Standard & Poor’s Rating Service or at least P-1 or the equivalent thereof by
Moody’s Investors Service Inc., and in each case maturing not more than one year
after the date of acquisition by such person; (e) investments in money market funds
substantially all of whose assets are comprised of securities of the types described in
clauses (a) through (d) above; and (f) demand deposit accounts maintained in the
ordinary course of business. 

        “Cash
Interest Expense” shall mean, for any period, Consolidated Interest Expense for
such period, less the sum of (a) interest on any debt paid by the increase in
the principal amount of such debt including by issuance of additional debt of such kind,
(b) items described in clause (c) or, other than to the extent paid in cash,
clause (g) of the definition of “Consolidated Interest Expense” and
(c) gross interest income of Borrower and its Subsidiaries for such period. 

        “Casualty
Event” shall mean any involuntary loss of title, any involuntary loss of, damage
to or any destruction of, or any condemnation or other taking (including by any
Governmental Authority) of, any property of Borrower or any of its Subsidiaries.
“Casualty Event” shall include but not be limited to any taking of all or any
part of any Real Property of any person or any part thereof, in or by condemnation or
other eminent domain proceedings pursuant to any Requirement of Law, or by reason of the
temporary requisition of the use or occupancy of all or any part of any Real Property of
any person or any part thereof by any Governmental Authority, civil or military, or any
settlement in lieu thereof. 

        “CERCLA”
shall mean the Comprehensive Environmental Response, Compensation, and Liability Act of
1980, as amended, 42 U.S.C. § 9601 et seq. and all implementing
regulations. 

        A
“Change in Control” shall be deemed to have occurred if: 

	 	        (a)                      at
any time a change of control occurs under any Material Indebtedness;  

	 	        (b)                      any
“person” or “group” (as such terms are used in                Sections 13(d)
and 14(d) of the Exchange Act) is or becomes the beneficial                owner (as
defined in Rules 13d-3 and 13d-5 under the Exchange Act, except that                for
purposes of this clause such person or group shall be deemed to have                “beneficial
ownership” of all securities that such person or group has                the right
to acquire, whether such right is exercisable immediately or only                after
the passage of time), directly or indirectly, of Voting Stock of Borrower
               representing more than 25% of the voting power of the total outstanding
Voting                Stock of Borrower; or  

-5- 

	 	        (c)                      during
any period of two consecutive years, individuals who at the beginning of
               such period constituted the Board of Directors of Borrower (together with
any                new directors whose election to such Board of Directors or whose
nomination for                election was approved by a vote of a majority of the
members of the Board of                Directors of Borrower, which members comprising
such majority are then still in                office and were either directors at the
beginning of such period or whose                election or nomination for election was
previously so approved) cease for any                reason to constitute a majority of
the Board of Directors of Borrower.  

        For
purposes of this definition, a person shall not be deemed to have beneficial ownership of
Equity Interests subject to a stock purchase agreement, merger agreement or similar
agreement until the consummation of the transactions contemplated by such agreement. 

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

        “Charges”
shall have the meaning assigned to such term in Section 10.14. 

        “Class,”
when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans
comprising such Borrowing, are Revolving Loans, Term Loans or Swingline Loans and, when
used in reference to any Commitment, refers to whether such Commitment is a Revolving
Commitment, Term Loan Commitment or Swingline Commitment, in each case, under this
Agreement as originally in effect, of which such Loan, Borrowing or Commitment shall be a
part. 

        “Closing
Date” shall mean the date of the initial Credit Extension hereunder. 

        “Code”
shall mean the Internal Revenue Code of 1986. 

        “Co-Documentation
Agent” shall have the meaning assigned to such term in the preamble hereto. 

        “Collateral”
shall mean, collectively, all of the Security Agreement Collateral and all other property
of whatever kind and nature subject or purported to be subject from time to time to a Lien
under any Security Document. 

        “Collateral
Agent” shall have the meaning assigned to such term in the preamble hereto. 

        “Commercial Letter
of Credit” shall mean any letter of credit or similar instrument issued for the
purpose of providing credit support in connection with the purchase of materials, goods or
services by Borrower or any of its Subsidiaries in the ordinary course of their
businesses. 

        “Commitment”
shall mean, with respect to any Lender, such Lender’s Revolving Commitment, Term Loan
Commitment or Swingline Commitment. 

-6- 

        “Commitment
Fee” shall have the meaning assigned to such term in Section 2.05(a). 

        “Commitment Letter”
shall mean that certain commitment letter dated as of September 13, 2006 (as the same may
be amended, supplemented or otherwise modified from time to time) among the Borrower, the
Swingline Lender and the Arranger. 

        “Communications”
shall have the meaning assigned to such term in Section 10.01(d). 

        “Companies”
shall mean Borrower and its Subsidiaries; and “Company” shall mean any
one of them. 

        “Compliance
Certificate” shall mean a certificate of a Financial Officer substantially in the
form of Exhibit D. 

        “Confidential
Information Memorandum” shall mean that certain confidential information
memorandum dated as of October [ ], 2006. 

        “Consolidated
Amortization Expense” shall mean, for any period, the amortization expense of
Borrower and its Subsidiaries for such period, determined on a consolidated basis in
accordance with GAAP. 

        “Consolidated
Current Assets” shall mean, as at any date of determination, the total assets of
Borrower and its Subsidiaries which may properly be classified as current assets on a
consolidated balance sheet of Borrower and its Subsidiaries in accordance with GAAP,
excluding cash and Cash Equivalents. 

        “Consolidated
Current Liabilities” shall mean, as at any date of determination, the total
liabilities of Borrower and its Subsidiaries which may properly be classified as current
liabilities (other than the current portion of any Loans) on a consolidated balance sheet
of Borrower and its Subsidiaries in accordance with GAAP. 

        “Consolidated
Depreciation Expense” shall mean, for any period, the depreciation expense of
Borrower and its Subsidiaries for such period, determined on a consolidated basis in
accordance with GAAP. 

        “Consolidated
EBITDA” shall mean, for any period, Consolidated Net Income for such period,
adjusted by (x) adding thereto, in each case only to the extent (and in the
same proportion) deducted in determining such Consolidated Net Income and without
duplication (and with respect to the portion of Consolidated Net Income attributable to
any Subsidiary of Borrower only if a corresponding amount would be permitted at the date
of determination to be distributed to Borrower by such Subsidiary without prior approval
(that has not been obtained), pursuant to the terms of its Organizational Documents and
all agreements, instruments and Requirements of Law applicable to such Subsidiary or its
equityholders): 

	 	        (a)                 Consolidated
Interest Expense for such period,  

	 	        (b)                 Consolidated
Amortization Expense for such period,  

	 	        (c)                 Consolidated
Depreciation Expense for such period,  

-7- 

	 	        (d)                 Consolidated
Tax Expense for such period,  

	 	        (e)                 costs
and expenses directly incurred in connection with the Transactions (not to
          exceed $10,000,000), and  

	 	        (f)                  the
aggregate amount of all other non-cash charges reducing Consolidated Net           Income
(excluding any non-cash charge that results in an accrual of a reserve           for cash
charges in any future period) for such period, and  

(y) subtracting therefrom
the aggregate amount of all non-cash items increasing Consolidated Net Income (other than
the accrual of revenue or recording of receivables in the ordinary course of business) for
such period. 

        Other
than for purposes of calculating Excess Cash Flow, Consolidated EBITDA shall be calculated
on a Pro Forma Basis to give effect to any Permitted Acquisition and Asset Sales (other
than any dispositions in the ordinary course of business) consummated at any time on or
after the first day of the Test Period thereof as if each such Permitted Acquisition had
been effected on the first day of such period and as if each such Asset Sale had been
consummated on the day prior to the first day of such period. 

        “Consolidated
Indebtedness” shall mean, as at any date of determination, the aggregate amount
of all Indebtedness and all LC Exposure of Borrower and its Subsidiaries, determined on a
consolidated basis in accordance with GAAP. 

        “Consolidated
Interest Coverage Ratio” shall mean, for any Test Period, the ratio of
(x) Consolidated EBITDA for such Test Period to (y) Consolidated Interest
Expense for such Test Period. 

        “Consolidated
Interest Expense” shall mean, for any period, the total consolidated interest
expense of Borrower and its Subsidiaries for such period determined on a consolidated
basis in accordance with GAAP plus, without duplication: 

	 	        (a)                      imputed
interest on Capital Lease Obligations and Attributable Indebtedness of
               Borrower and its Subsidiaries for such period;  

	 	        (b)                 commissions,
discounts and other fees and charges owed by Borrower or any of its
          Subsidiaries with respect to letters of credit securing financial obligations,
          bankers’ acceptance financing and receivables financings for such period;  

	 	        (c)                 amortization
of debt issuance costs, debt discount or premium and other           financing fees and
expenses incurred by Borrower or any of its Subsidiaries for           such period;  

	 	        (d)                 cash
contributions to any employee stock ownership plan or similar trust made by
          Borrower or any of its Subsidiaries to the extent such contributions are used
by           such plan or trust to pay interest or fees to any person (other than
Borrower or           a Wholly Owned Subsidiary) in connection with Indebtedness incurred
by such plan           or trust for such period;  

	 	        (e)                 all
interest paid or payable with respect to discontinued operations of Borrower           or
any of its Subsidiaries for such period;  

-8- 

	 	        (f)                 the
interest portion of any deferred payment obligations of Borrower or any of           its
Subsidiaries for such period;  

provided that (a) to the
extent directly related to the Transactions, debt issuance costs, debt discount or premium
and other financing fees and expenses shall be excluded from the calculation of
Consolidated Interest Expense and (b) Consolidated Interest Expense shall be
calculated after giving effect to Hedging Agreements related to interest rates (including
associated costs), but excluding unrealized gains and losses with respect to Hedging
Agreements related to interest rates. 

        Consolidated
Interest Expense shall be calculated on a Pro Forma Basis to give effect to any
Indebtedness incurred, assumed or permanently repaid or extinguished during the relevant
Test Period in connection with any Permitted Acquisitions and Asset Sales (other than any
dispositions in the ordinary course of business) as if such incurrence, assumption,
repayment or extinguishing had been effected on the first day of such period. 

        “Consolidated
Net Income” shall mean, for any period, the consolidated net income (or loss) of
Borrower and its Subsidiaries determined on a consolidated basis in accordance with GAAP;
provided that there shall be excluded from such net income (to the extent otherwise
included therein), without duplication: 

	 	        (a)                      the
net income (or loss) of any person (other than a Subsidiary of Borrower) in
               which any person other than Borrower and its Subsidiaries has an ownership
               interest, except to the extent that cash in an amount equal to any such
income                has actually been received by Borrower or (subject to clause (b)
below) any                of its Subsidiaries during such period;  

	 	        (b)                 the
net income of any Subsidiary of Borrower during such period to the extent           that
the declaration or payment of dividends or similar distributions by such
          Subsidiary of that income is not permitted by operation of the terms of its
          Organizational Documents or any agreement, instrument or Requirement of Law
          applicable to that Subsidiary during such period, except that Borrower’s
          equity in net loss of any such Subsidiary for such period shall be included in
          determining Consolidated Net Income;  

	 	        (c)                 any
gain (or loss), together with any related provisions for taxes on any such           gain
(or the tax effect of any such loss), realized during such period by           Borrower
or any of its Subsidiaries upon any Asset Sale (other than any           dispositions in
the ordinary course of business) by Borrower or any of its           Subsidiaries;  

	 	        (d)                 gains
and losses due solely to fluctuations in currency values and the related           tax
effects determined in accordance with GAAP for such period;  

	 	        (e)                 earnings
resulting from any reappraisal, revaluation or write-up of assets;  

	 	        (f)                 unrealized
gains and losses with respect to Hedging Obligations for such period;           and  

	 	        (g)                 any
extraordinary gain (or extraordinary loss), together with any related           provision
for taxes on any such gain (or the tax effect of any such loss),           recorded or
recognized by Borrower or any of its Subsidiaries during such           period.  

-9- 

        “Consolidated
Tax Expense” shall mean, for any period, the tax expense of Borrower and its
Subsidiaries, for such period, determined on a consolidated basis in accordance with GAAP. 

        “Contested
Collateral Lien Conditions” shall mean, with respect to any Permitted Lien of the
type described in clauses (a), (b), (e) and (f) of Section 6.02, the
following conditions: 

	 	        (a)                      Borrower
shall cause any proceeding instituted contesting such Lien to stay the
               sale or forfeiture of any portion of the Collateral on account of such
Lien;  

	 	        (b)                 at
the option and at the request of the Administrative Agent, to the extent such
          Lien is in an amount in excess of $2,500,000, the appropriate Loan Party shall
          maintain cash reserves in an amount sufficient to pay and discharge such Lien
          and the Administrative Agent’s reasonable estimate of all interest and
          penalties related thereto; and  

	 	        (c)                 such
Lien shall in all respects be subject and subordinate in priority to the           Lien
and security interest created and evidenced by the Security Documents,           except
if and to the extent that the Requirement of Law creating, permitting or
          authorizing such Lien provides that such Lien is or must be superior to the
Lien           and security interest created and evidenced by the Security Documents.  

        “Contingent
Obligation” shall mean, as to any person, any obligation, agreement,
understanding or arrangement of such person guaranteeing or intended to guarantee any
Indebtedness, leases, dividends or other obligations (“primary
obligations”) of any other person (the “primary obligor”) in any
manner, whether directly or indirectly, including any obligation of such person, whether
or not contingent, (a) to purchase any such primary obligation or any property
constituting direct or indirect security therefor; (b) to advance or supply funds
(i) for the purchase or payment 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 of the primary obligor; (c) to purchase property,
securities or services primarily for the purpose of assuring the owner of any such primary
obligation of the ability of the primary obligor to make payment of such primary
obligation; (d) with respect to bankers’ acceptances, letters of credit and
similar credit arrangements, until a reimbursement obligation arises (which reimbursement
obligation shall constitute Indebtedness); or (e) otherwise to assure or hold
harmless the holder of such primary obligation against loss in respect thereof;
provided, however, that the term “Contingent Obligation” shall not
include endorsements of instruments for deposit or collection in the ordinary course of
business or any product warranties. The amount of any Contingent Obligation shall be
deemed to be the maximum reasonably anticipated liability in respect thereof (assuming
such person is required to perform thereunder) as determined by such person in good faith. 

        “Control”
shall mean the possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of a person, whether through the ownership of
voting securities, by contract or otherwise, and the term “Controlled”
shall have the meaning correlative thereto. 

        “Co-Syndication
Agent” shall have the meaning assigned to such term in the preamble hereto. 

        “Credit
Extension” shall mean, as the context may require, (i) the making of a Loan by a
Lender or (ii) the issuance of any Letter of Credit, or the amendment, extension or
renewal of any existing Letter of Credit, by the Issuing Bank. 

-10- 

        “Debt
Issuance” shall mean the incurrence by Borrower or any of its Subsidiaries of any
Indebtedness for borrowed money after the Closing Date (other than as permitted by
Section 6.01). 

        “Debt
Service” shall mean, for any period, Cash Interest Expense for such period plus
scheduled principal amortization of all Indebtedness for such period. 

        “Default”
shall mean any event, occurrence or condition which is, or upon notice, lapse of time or
both would constitute, an Event of Default. 

        “Default
Rate” shall have the meaning assigned to such term in Section 2.06(c). 

        “Disqualified
Capital Stock” shall mean any Equity Interest which, by its terms (or by the
terms of any security into which it is convertible or for which it is exchangeable), or
upon the happening of any event, (a) matures (excluding any maturity as the result of
an optional redemption by the issuer thereof) or is mandatorily redeemable, pursuant to a
sinking fund obligation or otherwise, or is redeemable at the option of the holder
thereof, in whole or in part, on or prior to the first anniversary of the Final Maturity
Date, (b) is convertible into or exchangeable (unless at the sole option of the
issuer thereof) for (i) debt securities or (ii) any Equity Interests referred to
in (a) above, in each case at any time on or prior to the first anniversary of the Final
Maturity Date, or (c) contains any repurchase obligation which may come into effect
prior to payment in full of all Obligations; provided, however, that any
Equity Interests that would not constitute Disqualified Capital Stock but for provisions
thereof giving holders thereof (or the holders of any security into or for which such
Equity Interests is convertible, exchangeable or exercisable) the right to require the
issuer thereof to redeem such Equity Interests upon the occurrence of a change in control
or an asset sale occurring prior to the first anniversary of the Final Maturity Date shall
not constitute Disqualified Capital Stock if such Equity Interests provide that the issuer
thereof will not redeem any such Equity Interests pursuant to such provisions prior to the
repayment in full of the Obligations. 

        “Dividend”
with respect to any person shall mean that such person has declared or paid a dividend or
returned any equity capital to the holders of its Equity Interests or authorized or made
any other distribution, payment or delivery of property (other than Qualified Capital
Stock of such person) or cash to the holders of its Equity Interests as such, or redeemed,
retired, purchased or otherwise acquired, directly or indirectly, for consideration any of
its Equity Interests outstanding (or any options or warrants issued by such person with
respect to its Equity Interests), or set aside any funds for any of the foregoing
purposes, or shall have permitted any of its Subsidiaries to purchase or otherwise acquire
for consideration any of the Equity Interests of such person outstanding (or any options
or warrants issued by such person with respect to its Equity Interests). 

        “Dividend
Payment” shall mean the payment of a dividend of up to $400,000,000 in the
aggregate to the Borrower’s existing shareholders. 

        “Documentation
Agents” shall have the meaning assigned to such term in the preamble hereto. 

        “dollars”
or “$” shall mean lawful money of the United States. 

        “Eligible
Assignee” shall mean (a) if the assignment does not include assignment of a
Revolving Commitment, (i) any Lender, (ii) an Affiliate of any Lender, (iii) an Approved
Fund and (iv) any other person approved by the Administrative Agent (such approval not to
be unreasonably withheld or delayed) and (b) if the assignment includes assignment of a
Revolving Commitment, (i) any Revolving Lender and (ii) any other person approved by the
Administrative Agent, the Issuing Bank, the Swingline Lender and Borrower (each such
approval not to be unreasonably withheld or delayed); provided that (x) no approval of
Borrower shall be required during the continuance of a Default or prior to the completion
of the primary syndication of the Commitments and Loans (as determined by the Arranger)
and (y) “Eligible Assignee” shall not include Borrower or any of its Affiliates
or Subsidiaries or any natural person. 

-11- 

        “Embargoed
Person” shall have the meaning assigned to such term in Section 6.17. 

        “Engagement
Letter” shall mean the confidential Engagement Letter, dated September 13, 2006,
between the Borrower and UBS Securities LLC. 

        “Environment”
shall mean ambient air, indoor air, surface water and groundwater (including potable
water, navigable water and wetlands), the land surface or subsurface strata, natural
resources or as otherwise defined in any Environmental Law. 

        “Environmental
Claim” shall mean any claim, notice, demand, order, action, suit, proceeding or
other communication alleging liability for or obligation with respect to any
investigation, remediation, removal, cleanup, response, corrective action, damages to
natural resources, personal injury, property damage, fines, penalties or other costs
resulting from, related to or arising out of (i) the presence, Release or threatened
Release in or into the Environment of Hazardous Material at any location or (ii) any
violation or alleged violation of any Environmental Law, and shall include any claim
seeking damages, contribution, indemnification, cost recovery, compensation or injunctive
relief resulting from, related to or arising out of the presence, Release or threatened
Release of Hazardous Material or alleged injury or threat of injury to health or the
Environment. 

        “Environmental
Law” shall mean any and all present and future treaties, laws, statutes,
ordinances, regulations, rules, decrees, orders, judgments, consent orders, consent
decrees, code or other binding requirements, and the common law, relating to protection of
public health or the Environment, the Release or threatened Release of Hazardous Material,
natural resources or natural resource damages and any and all Environmental Permits. 

        “Environmental
Permit” shall mean any permit, license, approval, registration, notification,
exemption, consent or other authorization required by or from a Governmental Authority
under Environmental Law. 

        “Equity
Interest” shall mean, with respect to any person, any and all shares, interests,
participations or other equivalents, including membership interests (however designated,
whether voting or nonvoting), of equity of such person, including, if such person is a
partnership, partnership interests (whether general or limited) and any other interest or
participation that confers on a person the right to receive a share of the profits and
losses of, or distributions of property of, such partnership, whether outstanding on the
date hereof or issued after the Closing Date, but excluding debt securities convertible or
exchangeable into such equity. 

        “ERISA”
shall mean the Employee Retirement Income Security Act of 1974, as the same may be amended
from time to time. 

-12- 

        “ERISA
Affiliate” shall mean, with respect to any person, any trade or business (whether
or not incorporated) that, together with such person, is treated as a single employer
under Section 414 of the Code. 

        “ERISA
Event” shall mean (a) any “reportable event,” as defined in
Section 4043 of ERISA or the regulations issued thereunder, with respect to a Plan
(other than an event for which the 30-day notice period is waived by regulation);
(b) the existence with respect to any Plan of an “accumulated funding
deficiency” (as defined in Section 412 of the Code or Section 302 of
ERISA), whether or not waived; (c) the failure to make by its due date a required
installment under Section 412(m) of the Code with respect to any Plan or the failure
to make any required contribution to a Multiemployer Plan; (d) the filing pursuant to
Section 412(d) of the Code or Section 303(d) of ERISA of an application for a
waiver of the minimum funding standard with respect to any Plan; (e) the incurrence
by any Company or any of its ERISA Affiliates of any liability under Title IV of ERISA
with respect to the termination of any Plan; (f) the receipt by any Company or any of
its ERISA Affiliates from the PBGC or a plan administrator of any notice relating to the
intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan,
or the occurrence of any event or condition which could reasonably be expected to
constitute grounds under ERISA for the termination of, or the appointment of a trustee to
administer, any Plan; (g) the incurrence by any Company or any of its ERISA
Affiliates of any liability with respect to the withdrawal from any Plan or Multiemployer
Plan; (h) the receipt by any Company or its ERISA Affiliates of any notice,
concerning the imposition of Withdrawal Liability or a determination that a Multiemployer
Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title
IV of ERISA; (i) the “substantial cessation of operations” within the
meaning of Section 4062(e) of ERISA with respect to a Plan; (j) the making of any
amendment to any Plan which could result in the imposition of a lien or the posting of a
bond or other security; and (k) the occurrence of a nonexempt prohibited transaction
(within the meaning of Section 4975 of the Code or Section 406 of ERISA) which
could reasonably be expected to result in liability to any Company. 

        “Eurodollar
Borrowing” shall mean a Borrowing comprised of Eurodollar Loans. 

        “Eurodollar Loan”
shall mean any Eurodollar Revolving Loan or Eurodollar Term Loan. 

        “Eurodollar
Revolving Borrowing” shall mean a Borrowing comprised of Eurodollar Revolving
Loans. 

        “Eurodollar
Revolving Loan” shall mean any Revolving Loan bearing interest at a rate
determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of
Article II. 

        “Eurodollar
Term Loan” shall mean any Term Loan bearing interest at a rate determined by
reference to the Adjusted LIBOR Rate in accordance with the provisions of
Article II. 

        “Event
of Default” shall have the meaning assigned to such term in Section 8.01. 

        “Excess
Amount” shall have the meaning assigned to such term in
Section 2.10(h). 

        “Excess
Cash Flow” shall mean, for any Excess Cash Flow Period, Consolidated EBITDA for
such Excess Cash Flow Period, minus, without duplication: 

	 	        (a)                 Debt
Service for such Excess Cash Flow Period;  

-13- 

	 	        (b)                 any
voluntary prepayments of Term Loans and any permanent voluntary reductions           to
the Revolving Commitments to the extent that an equal amount of the Revolving
          Loans simultaneously is repaid, in each case so long as such amounts are not
          already reflected in Debt Service, during such Excess Cash Flow Period;  

	 	        (c)                 Capital
Expenditures during such Excess Cash Flow Period (excluding Capital
          Expenditures made in such Excess Cash Flow Period where a certificate in the
          form contemplated by the following clause (d) was previously delivered)
          that are paid in cash;  

	 	        (d)                 Capital
Expenditures that Borrower or any of its Subsidiaries shall, during such           Excess
Cash Flow Period, become obligated to make but that are not made during           such
Excess Cash Flow Period; provided that Borrower shall deliver a
          certificate to the Administrative Agent not later than 90 days after the
          end of such Excess Cash Flow Period, signed by a Responsible Officer of
Borrower           and certifying that such Capital Expenditures will be made in the
following           Excess Cash Flow Period;  

	 	        (e)                 the
aggregate amount of investments made in cash during such period pursuant to Sections 6.04(i);  

	 	        (f)                 taxes
of Borrower and its Subsidiaries that were paid in cash during such Excess           Cash
Flow Period or will be paid within six months after the end of such Excess           Cash
Flow Period and for which reserves have been established;  

	 	        (g)                 the
absolute value of the difference, if negative, of the amount of Net Working
          Capital at the end of the prior Excess Cash Flow Period over the amount of Net
          Working Capital at the end of such Excess Cash Flow Period;  

	 	        (h)                 losses
excluded from the calculation of Consolidated Net Income by operation of           clause (c)
or (g) of the definition thereof that are paid in cash during           such Excess Cash
Flow Period; and  

	 	        (i)                 to
the extent added to determine Consolidated EBITDA, all items that did not
          result from a cash payment to Borrower or any of its Subsidiaries on a
          consolidated basis during such Excess Cash Flow Period;  

provided that any amount
deducted pursuant of any of the foregoing clauses that will be paid after the close of
such Excess Cash Flow Period shall not be deducted again in a subsequent Excess Cash Flow
Period; plus, without duplication: 

	 	        (i)                      the
difference, if positive, of the amount of Net Working Capital at the end of
               the prior Excess Cash Flow Period over the amount of Net Working Capital
at the                end of such Excess Cash Flow Period;  

	 	        (ii)                      all
proceeds received during such Excess Cash Flow Period of any Indebtedness to
               the extent used to finance any Capital Expenditure (other than
Indebtedness                under this Agreement to the extent there is no corresponding
deduction to Excess                Cash Flow above in respect of the use of such
borrowings);  

	 	        (iii)                      to
the extent any permitted Capital Expenditures referred to in clause (d) above
               do not occur in the Excess Cash Flow Period specified in the certificate
of                Borrower provided pursuant to clause (d) above, such amounts of Capital
               Expenditures that were not so made in the Excess Cash Flow Period
specified in                such certificates;  

-14- 

	 	        (iv)                      any
return on or in respect of investments received in cash during such period,
               which investments were made pursuant to Section 6.04(i);  

	 	        (v)                      income
or gain excluded from the calculation of Consolidated Net Income by
               operation of clause (c) or (g) of the definition thereof that is
realized                in cash during such Excess Cash Flow Period (except to the extent
such gain is                subject to Section 2.10(c), (d), (e) or
(g));  

	 	        (vi)                      if
deducted in the computation of Consolidated EBITDA, interest income; and  

	 	        (vii)                      to
the extent subtracted in determining Consolidated EBITDA, all items that did
               not result from a cash payment by Borrower or any of its Subsidiaries on a
               consolidated basis during such Excess Cash Flow Period.  

        “Excess
Cash Flow Period” shall mean (i) the period taken as one accounting period
from January 1, 2007 and ending on December 31, 2007 and (ii) each fiscal year of
Borrower thereafter. 

        “Exchange
Act” shall mean the Securities Exchange Act of 1934, as amended. 

        “Excluded Taxes”
shall mean, with respect to the Administrative Agent, any Lender, the Issuing Bank or any
other recipient of any payment to be made by or on account of any obligation of Borrower
hereunder, (a) taxes imposed on or measured by its net income (however denominated),
franchise taxes imposed on it (in lieu of net income taxes) and branch profits taxes
imposed on it, by a jurisdiction (or any political subdivision thereof) as a result of the
recipient being organized in such jurisdiction, or as a result of the payments made by or
on account of any obligation of Borrower hereunder being effectively connected with an
office maintained in such jurisdiction by the recipient, and (b) in the case of a Foreign
Lender, any U.S. federal withholding tax that (i) is imposed on amounts payable to such
Foreign Lender at the time such Foreign Lender becomes a party hereto (or designates a new
lending office), except (x) to the extent that such Foreign Lender (or its assignor, if
any) was entitled, at the time of designation of a new lending office (or assignment), to
receive additional amounts from Borrower with respect to such withholding tax pursuant to
Section 2.15(a) or (y) if such Foreign Lender is an assignee pursuant to a request
by Borrower under Section 2.16; provided that this subclause (b)(i) shall
not apply to any Tax imposed on a Lender in connection with an interest or participation
in any Loan or other obligation that such Lender was required to acquire pursuant to
Section 2.14(d), or (ii) is attributable to such Foreign Lender’s failure to
comply with Section 2.15(e). 

        “Executive
Order” shall have the meaning assigned to such term in Section 3.19. 

        “Existing
Lien” shall have the meaning assigned to such term in
Section 6.02(c). 

        “Facilities”
shall mean the Term Loan facility and the Revolving Loan facility. 

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

-15- 

        “Fees”
shall mean the Commitment Fees, the Administrative Agent Fees, the LC Participation Fees
and the Fronting Fees. 

        “Final
Maturity Date” shall mean the later of the Revolving Maturity Date and the Term
Loan Maturity Date as of any date of determination. 

        “Financial
Officer” of any person shall mean the chief executive officer, the chief
financial officer, principal accounting officer, treasurer or controller of such person. 

        “Foreign
Lender” shall mean any Lender that is not, for United States federal income tax
purposes, (i) an individual who is a citizen or resident of the United States,
(ii) a corporation, partnership or other entity treated as a corporation or
partnership created or organized in or under the laws of the United States, or any
political subdivision thereof, (iii) an estate whose income is subject to U.S.
federal income taxation regardless of its source or (iv) a trust if a court within
the United States is able to exercise primary supervision over the administration of such
trust and one or more United States persons have the authority to control all substantial
decisions of such trust. 

        “Foreign
Plan” shall mean any employee benefit plan, program, policy, arrangement or
agreement maintained or contributed to by any Company with respect to employees employed
outside the United States. 

        “Foreign
Subsidiary” shall mean a Subsidiary that is organized under the laws of a
jurisdiction other than the United States or any state thereof or the District of
Columbia. 

        “Fronting
Fee” shall have the meaning assigned to such term in Section 2.05(c). 

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

        “GAAP”
shall mean generally accepted accounting principles in the United States applied on a
consistent basis. 

        “Governmental
Authority” shall mean the government of the United States or any other nation, or
of any political subdivision thereof, whether state, provincial or local, and any agency,
authority, instrumentality, regulatory body, court, central bank or other entity
exercising executive, legislative, judicial, taxing, regulatory or administrative powers
or functions of or pertaining to government (including any supra-national bodies such as
the European Union or the European Central Bank). 

        “Governmental
Real Property Disclosure Requirements” shall mean any Requirement of Law of any
Governmental Authority requiring notification of the buyer, lessee, mortgagee, assignee or
other transferee of any Real Property, facility, establishment or business, or
notification, registration or filing to or with any Governmental Authority, in connection
with the sale, lease, mortgage, assignment or other transfer (including any transfer of
control) of any Real Property, facility, establishment or business, of the actual or
threatened presence or Release in or into the Environment, or the use, disposal or
handling of Hazardous Material on, at, under or near the Real Property, facility,
establishment or business to be sold, leased, mortgaged, assigned or transferred. 

-16- 

        “Guaranteed
Obligations” shall have the meaning assigned to such term in
Section 7.01. 

        “Guarantees”
shall mean the guarantees issued pursuant to Article VII by the Subsidiary
Guarantors. 

        “Guarantors”
shall mean the Subsidiary Guarantors. 

        “Hazardous
Materials” shall mean the following: hazardous substances; hazardous wastes;
polychlorinated biphenyls (“PCBs”) or any substance or compound
containing PCBs; asbestos or any asbestos-containing materials in any form or condition;
radon or any other radioactive materials including any source, special nuclear or
by-product material; petroleum, crude oil or any fraction thereof; and any other pollutant
or contaminant or chemicals, wastes, materials, compounds, constituents or substances,
subject to regulation or which can give rise to liability under any Environmental Laws. 

        “Hedging
Agreement” shall mean any swap, cap, collar, forward purchase or similar
agreements or arrangements dealing with interest rates, currency exchange rates or
commodity prices, either generally or under specific contingencies. 

        “Hedging
Obligations” shall mean obligations under or with respect to Hedging Agreements. 

        “Immaterial
Subsidiary” shall mean those Subsidiaries designated from time to time by the
Borrower pursuant to Section 5.14 as Immaterial Subsidiaries. 

        “Indebtedness”
of any person shall mean, without duplication, (a) all obligations of such person for
borrowed money or advances; (b) all obligations of such person evidenced by bonds,
debentures, notes or similar instruments; (c) all obligations of such person upon
which interest charges are customarily paid or accrued; (d) all obligations of such
person under conditional sale or other title retention agreements relating to property
purchased by such person; (e) all obligations of such person issued or assumed as the
deferred purchase price of property or services (excluding trade accounts payable and
accrued obligations incurred in the ordinary course of business on normal trade terms and
not overdue by more than 90 days); (f) all Indebtedness of others secured by any
Lien on property owned or acquired by such person, whether or not the obligations secured
thereby have been assumed, but limited to the fair market value of such property;
(g) all Capital Lease Obligations, Purchase Money Obligations and synthetic lease
obligations of such person; (h) all Hedging Obligations to the extent required to be
reflected on a balance sheet of such person; (i) all Attributable Indebtedness of
such person; (j) all obligations of such person for the reimbursement of any obligor
in respect of letters of credit, letters of guaranty, bankers’ acceptances and
similar credit transactions; and (k) all Contingent Obligations of such person in
respect of Indebtedness or obligations of others of the kinds referred to in
clauses (a) through (j) above. The Indebtedness of any person shall include the
Indebtedness of any other entity (including any partnership in which such person is a
general partner) to the extent such person is liable therefor as a result of such
person’s ownership interest in or other relationship with such entity, except (other
than in the case of general partner liability) to the extent that terms of such
Indebtedness expressly provide that such person is not liable therefor. 

        “Indemnified
Taxes” shall mean all Taxes other than Excluded Taxes. 

        “Indemnitee”
shall have the meaning assigned to such term in Section 10.03(b). 

-17- 

        “Information”
shall have the meaning assigned to such term in Section 10.12. 

        “Intellectual
Property” shall have the meaning assigned to such term in
Section 3.06(a). 

        “Intercompany
Note” shall mean a promissory note substantially in the form of
Exhibit P. 

        “Interest
Election Request” shall mean a request by Borrower to convert or continue a
Revolving Borrowing or Term Borrowing in accordance with Section 2.08(b),
substantially in the form of Exhibit E. 

        “Interest
Payment Date” shall mean (a) with respect to any ABR Loan (including
Swingline Loans), the last Business Day of each March, June, September and December to
occur during any period in which such Loan is outstanding, (b) with respect to any
Eurodollar Loan, the last day of the Interest Period applicable to the Borrowing of which
such Loan is a part and, in the case of a Eurodollar Loan with an Interest Period of more
than three months’ duration, each day prior to the last day of such Interest Period
that occurs at intervals of three months’ duration after the first day of such
Interest Period, (c) with respect to any Revolving Loan or Swingline Loan, the
Revolving Maturity Date or such earlier date on which the Revolving Commitments are
terminated and (d) with respect to any Term Loan, the Term Loan Maturity Date. 

        “Interest
Period” shall mean, with respect to any Eurodollar Borrowing, the period
commencing on the date of such Borrowing and ending on the numerically corresponding day
in the calendar month that is one, two, three or six months (or, if each affected Lender
so agrees, nine or twelve months) thereafter, as Borrower may elect; provided that
(a) if any Interest Period would end on a day other than a Business Day, such
Interest Period shall be extended to the next succeeding Business Day unless such next
succeeding Business Day would fall in the next calendar month, in which case such Interest
Period shall end on the next preceding Business Day, and (b) any Interest Period that
commences on the last Business Day of a calendar month (or on a day for which there is no
numerically corresponding day in the last calendar month of such Interest Period) shall
end on the last Business Day of the last calendar month of such Interest Period. For
purposes hereof, the date of a Borrowing initially shall be the date on which such
Borrowing is made and thereafter shall be the effective date of the most recent conversion
or continuation of such Borrowing. 

        “Investments”
shall have the meaning assigned to such term in Section 6.04. 

        “Issuing
Bank” shall mean, as the context may require, (a) UBS AG, Stamford Branch,
in its capacity as issuer of Letters of Credit issued by it; (b) any other Lender
that may become an Issuing Bank pursuant to Sections 2.18(j) and (k) in
its capacity as issuer of Letters of Credit issued by such Lender; or
(c) collectively, all of the foregoing. 

        “Joinder
Agreement” shall mean a joinder agreement substantially in the form of
Exhibit F. 

        “LC
Commitment” shall mean the commitment of the Issuing Bank to issue Letters of
Credit pursuant to Section 2.18. The amount of the LC Commitment shall
initially be $10,000,000, but in no event exceed the Revolving Commitment. 

        “LC
Disbursement” shall mean a payment or disbursement made by the Issuing Bank
pursuant to a drawing under a Letter of Credit. 

-18- 

        “LC
Exposure” shall mean at any time the sum of (a) the aggregate undrawn amount
of all outstanding Letters of Credit at such time plus (b) the aggregate
principal amount of all Reimbursement Obligations outstanding at such time. The LC
Exposure of any Revolving Lender at any time shall mean its Pro Rata Percentage of the
aggregate LC Exposure at such time. 

        “LC
Participation Fee” shall have the meaning assigned to such term in
Section 2.05(c). 

        “LC
Request” shall mean a request by Borrower in accordance with the terms of
Section 2.18(b) and substantially in the form of Exhibit H, or
such other form as shall be approved by the Administrative Agent. 

        “Lender
Addendum” shall mean with respect to any Lender on the Closing Date, a lender
addendum in the form of Exhibit I, to be executed and delivered by such Lender
on the Closing Date as provided in Section 10.15. 

        “Lenders”
shall mean (a) the financial institutions that have become a party hereto pursuant to
a Lender Addendum and (b) any financial institution that has become a party hereto
pursuant to an Assignment and Assumption, other than, in each case, any such financial
institution that has ceased to be a party hereto pursuant to an Assignment and Assumption.
Unless the context clearly indicates otherwise, the term “Lenders” shall include
the Swingline Lender. 

        “Letter
of Credit” shall mean any (i) Standby Letter of Credit and
(ii) Commercial Letter of Credit, in each case, issued or to be issued by an Issuing
Bank for the account of Borrower pursuant to Section 2.18. 

        “Letter
of Credit Expiration Date” shall mean the date which is fifteen days prior to the
Revolving Maturity Date. 

        “LIBOR
Rate” shall mean, with respect to any Eurodollar Borrowing for any Interest
Period, the rate per annum determined by the Administrative Agent to be the arithmetic
mean (see “Adjusted LIBOR Rate”) of the offered rates for deposits in dollars
with a term comparable to such Interest Period that appears on the Telerate British
Bankers Assoc. Interest Settlement Rates Page (as defined below) at approximately 11:00
a.m., London, England time, on the second full Business Day preceding the first day of
such Interest Period; provided, however, that (i) if no comparable term
for an Interest Period is available, the LIBOR Rate shall be determined using the weighted
average of the offered rates for the two terms most nearly corresponding to such Interest
Period and (ii) if there shall at any time no longer exist a Telerate British Bankers
Assoc. Interest Settlement Rates Page, “LIBOR Rate” shall mean, with respect to
each day during each Interest Period pertaining to Eurodollar Borrowings comprising part
of the same Borrowing, the rate per annum equal to the rate at which the Administrative
Agent is offered deposits in dollars at approximately 11:00 a.m., London, England time,
two Business Days prior to the first day of such Interest Period in the London interbank
market for delivery on the first day of such Interest Period for the number of days
comprised therein and in an amount comparable to its portion of the amount of such
Eurodollar Borrowing to be outstanding during such Interest Period. “Telerate
British Bankers Assoc. Interest Settlement Rates Page” shall mean the display
designated as Page 3750 on the Telerate System Incorporated Service (or such other
page as may replace such page on such service for the purpose of displaying the rates at
which dollar deposits are offered by leading banks in the London interbank deposit
market). 

-19- 

        “Lien”
shall mean, with respect to any property, (a) any mortgage, deed of trust, lien,
pledge, encumbrance, claim, charge, assignment, hypothecation, security interest or
encumbrance of any kind in each of the foregoing cases whether voluntary or imposed by
law, and any agreement to give any of the foregoing; (b) the interest of a vendor or
a lessor under any conditional sale agreement, capital lease or title retention agreement
(or any financing lease having substantially the same economic effect as any of the
foregoing) relating to such property; and (c) in the case of securities, any purchase
option, call or similar right of a third party with respect to such securities. 

        “Loan
Documents” shall mean this Agreement, the Letters of Credit, the Notes (if any),
and the Security Documents. 

        “Loan
Parties” shall mean Borrower and the Subsidiary Guarantors. 

        “Loans”
shall mean, as the context may require, a Revolving Loan, a Term Loan or a Swingline Loan. 

        “Margin
Stock” shall have the meaning assigned to such term in Regulation U. 

        “Material
Adverse Effect” shall mean (a) a material adverse effect on the business,
results of operations or financial condition of Borrower and its Subsidiaries, taken as a
whole; (b) material impairment of the ability of the Loan Parties to fully and timely
perform any of their obligations under any Loan Document; (c) material impairment of
the rights of or benefits or remedies available to the Lenders or the Collateral Agent
under any Loan Document; or (d) a material adverse effect on the Collateral or the
Liens in favor of the Collateral Agent (for its benefit and for the benefit of the other
Secured Parties) on the Collateral or the priority of such Liens. 

        “Material
Indebtedness” shall mean any Indebtedness (other than the Loans and Letters
of Credit) or Hedging Obligations of Borrower or any of its Subsidiaries in an aggregate
outstanding principal amount exceeding $3,000,000. For purposes of determining Material
Indebtedness, the “principal amount” in respect of any Hedging Obligations of
any Loan Party at any time shall be the maximum aggregate amount (giving effect to any
netting agreements) that such Loan Party would be required to pay if the related Hedging
Agreement were terminated at such time. 

        “Material
Subsidiary” shall mean all Subsidiaries of the Borrower other than Immaterial
Subsidiaries. 

        “Maximum
Rate” shall have the meaning assigned to such term in Section 10.14. 

        “Moody’s”
shall mean Moody’s Investors Service and its successors. 

        “Multiemployer
Plan” shall mean a multiemployer plan within the meaning of
Section 4001(a)(3) or Section 3(37) of ERISA (a) to which any Company or
any ERISA Affiliate is then making or accruing an obligation to make contributions;
(b) to which any Company or any ERISA Affiliate has within the preceding five plan
years made contributions; or (c) with respect to which any Company could incur
liability. 

        “Net
Cash Proceeds” shall mean: 

-20- 

	 	        (a)                      with
respect to any Asset Sale (other than any issuance or sale of Equity
               Interests), the cash proceeds received by Borrower or any of its
Subsidiaries                (including cash proceeds subsequently received (as and when
received by Borrower                or any of its Subsidiaries) in respect of non-cash
consideration initially                received) net of (i) selling expenses
(including reasonable brokers’               fees or commissions, legal, accounting
and other professional and transactional                fees, transfer and similar taxes
and Borrower’s good faith estimate of                income taxes paid or payable in
connection with such sale); (ii) amounts                provided as a reserve, in
accordance with GAAP, against (x) any liabilities                under any
indemnification obligations associated with such Asset Sale or                (y) any
other liabilities retained by Borrower or any of its Subsidiaries
               associated with the properties sold in such Asset Sale (provided that,
to                the extent and at the time any such amounts are released from such
reserve, such                amounts shall constitute Net Cash Proceeds); (iii) Borrower’s
good                faith estimate of payments required to be made with respect to
unassumed                liabilities relating to the properties sold within 180 days
of such Asset                Sale (provided that, to the extent such cash proceeds
are not used to                make payments in respect of such unassumed liabilities
within 180 days of                such Asset Sale, such cash proceeds shall
constitute Net Cash Proceeds); and                (iv) the principal amount, premium
or penalty, if any, interest and other                amounts on any Indebtedness for
borrowed money which is secured by a Lien on the                properties sold in such
Asset Sale and which is repaid with such proceeds (other                than any such
Indebtedness assumed by the purchaser of such properties);  

	 	        (b)                 with
respect to any Debt Issuance, any Preferred Stock Issuance or any other
          issuance or sale of preference Equity Interests by Borrower or any of its
          Subsidiaries, the cash proceeds thereof, net of fees, commissions, costs and
          other expenses incurred in connection therewith;  

	 	        (c)                 with
respect to any Casualty Event, the cash insurance proceeds, condemnation           awards
and other compensation received in respect thereof, net of all costs and
          expenses incurred in connection with the collection of such proceeds, awards or
          other compensation in respect of such Casualty Event and net of anticipated
          taxes; and  

	 	        (d)                 with
respect to the Rabbi Trust, the Trust Corpus Reversion Amount.  

        “Net
Working Capital” shall mean, at any time, Consolidated Current Assets at such
time minus Consolidated Current Liabilities at such time. 

        “Notes”
shall mean any notes evidencing the Term Loans, Revolving Loans or Swingline Loans issued
pursuant to this Agreement, if any, substantially in the form of Exhibit K-1,
K-2 or K-3. 

        “Obligations”
shall mean (a) obligations of Borrower and the other Loan Parties from time to time
arising under or in respect of the due and punctual payment of (i) the principal of
and premium, if any, and interest (including interest accruing during the pendency of any
bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether
allowed or allowable in such proceeding) on the Loans, when and as due, whether at
maturity, by acceleration, upon one or more dates set for prepayment or otherwise,
(ii) each payment required to be made by Borrower and the other Loan Parties under
this Agreement in respect of any Letter of Credit, when and as due, including payments in
respect of Reimbursement Obligations, interest thereon and obligations to provide cash
collateral and (iii) all other monetary obligations, including fees, costs, expenses
and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise
(including monetary obligations incurred during the pendency of any bankruptcy,
insolvency, receivership or other similar proceeding, regardless of whether allowed or
allowable in such proceeding), of Borrower and the other Loan Parties under this Agreement
and the other Loan Documents, and (b) the due and punctual performance of all
covenants, agreements, obligations and liabilities of Borrower and the other Loan Parties
under or pursuant to this Agreement and the other Loan Documents. 

-21- 

        “OFAC”
shall have the meaning assigned to such term in Section 3.21. 

        “Officers’ Certificate”
shall mean a certificate executed by the chairman of the Board of Directors (if an
officer), the chief executive officer or the president and one of the Financial Officers,
each in his or her official (and not individual) capacity. 

        “Organizational
Documents” shall mean, with respect to any person, (i) in the case of any
corporation, the certificate of incorporation and by-laws (or similar documents) of such
person, (ii) in the case of any limited liability company, the certificate of
formation and operating agreement (or similar documents) of such person, (iii) in the
case of any limited partnership, the certificate of formation and limited partnership
agreement (or similar documents) of such person, (iv) in the case of any general
partnership, the partnership agreement (or similar document) of such person and
(v) in any other case, the functional equivalent of the foregoing. 

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

        “Participant”
shall have the meaning assigned to such term in Section 10.04(d). 

        “PBGC”
shall mean the Pension Benefit Guaranty Corporation referred to and defined in ERISA. 

        “Perfection
Certificate” shall mean a certificate in the form of Exhibit L-1 or
any other form approved by the Collateral Agent, as the same shall be supplemented from
time to time by a Perfection Certificate Supplement or otherwise. 

        “Perfection
Certificate Supplement” shall mean a certificate supplement in the form of
Exhibit L-2 or any other form approved by the Collateral Agent. 

        “Permitted
Acquisition” shall mean any transaction or series of related transactions for the
direct or indirect (a) acquisition of all or substantially all of the property of any
person, or of any business or division of any person; (b) acquisition of in excess of
50% of the Equity Interests of any person, and otherwise causing such person to become a
Subsidiary of such person; or (c) merger or consolidation or any other combination
with any person, if each of the following conditions is met: 

	 	        (i)                      no
Default then exists or would result therefrom;  

	 	        (ii)                      after
giving effect to such transaction on a Pro Forma Basis, Borrower shall be
               in compliance with all covenants set forth in Section 6.10 as
of the                most recent Test Period (assuming, for purposes of Section 6.10,
               that such transaction, and all other Permitted Acquisitions consummated
since                the first day of the relevant Test Period for each of the financial
covenants                set forth in Section 6.10 ending on or prior to the
date of such                transaction, had occurred on the first day of such relevant
Test Period);  

-22- 

	 	        (iii)                      no
Company shall, in connection with any such transaction, assume or remain
               liable with respect to any Indebtedness or other liability (including any
               material tax or ERISA liability) of the related seller or the business,
person                or properties acquired which would result in a Default or Event of
Default,                except to the extent permitted under Section 6.01;  

	 	        (iv)                      the
person or business to be acquired shall be, or shall be engaged in, a
               business of the type that Borrower and the Subsidiaries are permitted to
be                engaged in under Section 6.13 and the property acquired in
               connection with any such transaction shall be made subject to the Lien of
the                Security Documents and shall be free and clear of any Liens, other
than                Permitted Collateral Liens;  

	 	        (v)                      the
Board of Directors of the person to be acquired shall not have indicated
               publicly its opposition to the consummation of such acquisition (which
               opposition has not been publicly withdrawn);  

	 	        (vi)                      all
transactions in connection therewith shall be consummated in accordance with
               all material Requirements of Law;  

	 	        (vii)                      with
respect to any transaction involving Acquisition Consideration of more than
               $50,000,000, unless the Administrative Agent shall otherwise agree,
Borrower                shall have provided the Administrative Agent and the Lenders with
               (A) historical financial statements for the last three fiscal years
(or, if                less, the number of years since formation) of the person or
business to be                acquired (audited if available without undue cost or delay)
and unaudited                financial statements thereof for the most recent interim
period which are                available, (B) reasonably detailed projections for
the succeeding five                years pertaining to the person or business to be
acquired and updated                projections for Borrower after giving effect to such
transaction, (C) a                reasonably detailed description of all material
information relating thereto and                copies of all material documentation
pertaining to such transaction, and                (D) all such other information
and data relating to such transaction or the                person or business to be
acquired as may be reasonably requested by the                Administrative Agent or the
Required Lenders; and  

	 	        (viii)       
               at least 10 Business Days prior to the proposed date of consummation of
the                transaction, Borrower shall have delivered to the Agents and the
Lenders an                Officers’ Certificate certifying that (A) such
transaction complies                with this definition (which shall have attached
thereto reasonably detailed                backup data and calculations showing such
compliance), and (B) such                transaction could not reasonably be
expected to result in a Material Adverse                Effect;  

        “Permitted
Collateral Liens” means the Liens described in clauses (a), (b), (c), (d), (e),
(f), (g), (h), (j), (k), (l), (m) and (n) of Section 6.02. 

        “Permitted
Liens” shall have the meaning assigned to such term in Section 6.02. 

        “person”
shall mean any natural person, corporation, limited liability company, trust, joint
venture, association, company, partnership, Governmental Authority or other entity. 

-23- 

        “Plan”
shall mean any employee pension benefit plan (other than a Multiemployer Plan) subject to
the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of
ERISA which is maintained or contributed to by any Company or its ERISA Affiliate or with
respect to which any Company could incur liability (including under Section 4069 of
ERISA). 

        “Pledgor”
shall have the meaning assigned to such term in the Security Agreement. 

        “Platform”
shall have the meaning assigned to such term in Section 10.01(d). 

        “Preferred
Stock” shall mean, with respect to any person, any and all preferred or
preference Equity Interests (however designated) of such person whether now outstanding or
issued after the Closing Date. 

        “Preferred
Stock Issuance” shall mean the issuance or sale by Borrower or any of its
Subsidiaries of any Preferred Stock after the Closing Date (other than as permitted by
Section 6.01). 

        “Pro
Forma Basis” shall mean on a basis in accordance with GAAP and Regulation S-X and
otherwise reasonably satisfactory to the Administrative Agent. 

        “Pro
Rata Percentage” of any Revolving Lender at any time shall mean the percentage of
the total Revolving Commitments of all Revolving Lenders represented by such Lender’s
Revolving Commitment. 

        “property”
shall mean any right, title or interest in or to property or assets of any kind
whatsoever, whether real, personal or mixed and whether tangible or intangible and
including Equity Interests or other ownership interests of any person and whether now in
existence or owned or hereafter entered into or acquired, including all Real Property. 

        “Purchase
Money Obligation” shall mean, for any person, the obligations of such person in
respect of Indebtedness (including Capital Lease Obligations) incurred for the purpose of
financing all or any part of the purchase price of any property (including Equity
Interests of any person) or the cost of installation, construction or improvement of any
property and any refinancing thereof; provided, however, that (i) such
Indebtedness is incurred within one year after such acquisition, installation,
construction or improvement of such property by such person and (ii) the amount of such
Indebtedness does not exceed 100% of the cost of such acquisition, installation,
construction or improvement, as the case may be. 

        “Qualified
Capital Stock” of any person shall mean any Equity Interests of such person that
are not Disqualified Capital Stock. 

        “Rabbi
Trust” shall mean the trust established by the Trust Agreement. 

        “Real
Property” shall mean, collectively, all right, title and interest (including any
leasehold, mineral or other estate) in and to any and all parcels of or interests in real
property owned, leased or operated by any person, whether by lease, license or other
means, together with, in each case, all easements, hereditaments and appurtenances
relating thereto, all improvements and appurtenant fixtures and equipment, all general
intangibles and contract rights and other property and rights incidental to the ownership,
lease or operation thereof. 

-24- 

        “Refinancing”
shall mean the repayment in full and the termination of any commitment to make extensions
of credit under all of the outstanding indebtedness listed on Schedule 1.01(a)
of Borrower or any of its Subsidiaries. 

        “Register”
shall have the meaning assigned to such term in Section 10.04(c). 

        “Regulation
D” shall mean Regulation D of the Board as from time to time in effect and all
official rulings and interpretations thereunder or thereof. 

        “Regulation
S-X” shall mean Regulation S-X promulgated under the Securities Act. 

        “Regulation T”
shall mean Regulation T of the Board as from time to time in effect and all official
rulings and interpretations thereunder or thereof. 

        “Regulation
U” shall mean Regulation U of the Board as from time to time in effect and all
official rulings and interpretations thereunder or thereof. 

        “Regulation
X” shall mean Regulation X of the Board as from time to time in effect and all
official rulings and interpretations thereunder or thereof. 

        “Reimbursement
Obligations” shall mean Borrower’s obligations under
Section 2.18(e) to reimburse LC Disbursements. 

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

        “Release”
shall mean any spilling, leaking, seepage, pumping, pouring, emitting, emptying,
discharging, injecting, escaping, leaching, dumping, disposing, depositing, dispersing,
emanating or migrating of any Hazardous Material in, into, onto or through the
Environment. 

        “Required
Class Lenders” shall mean (i) with respect to Term Loans, Lenders having more
than 50% of all Term Loans outstanding and (ii) with respect to Revolving Loans, Required
Revolving Lenders. 

        “Required
Lenders” shall mean Lenders having more than 50% of the sum of all Term Loans
outstanding and Revolving Commitments or, after the Revolving Commitments have terminated,
more than 50% of all outstanding Term Loans and Revolving Exposure. 

        “Required
Revolving Lenders” shall mean Lenders having more than 50% of all Revolving
Commitments or, after the Revolving Commitments have terminated, more than 50% of all
Revolving Exposure. 

        “Requirements
of Law” shall mean, collectively, any and all requirements of any Governmental
Authority including any and all laws, judgments, orders, decrees, ordinances, rules,
regulations, statutes or case law. 

        “Response”
shall mean (a) “response” as such term is defined in CERCLA, 42 U.S.C.
§ 9601(24), and (b) all other actions required by any Governmental
Authority or voluntarily undertaken to (i) clean up, remove, treat, abate or in any
other way address any Hazardous Material in the Environment; (ii) prevent the Release
or threat of Release, or minimize the further Release, of any Hazardous Material; or
(iii) perform studies and investigations in connection with, or as a precondition to,
or to determine the necessity of the activities described in, clause (i) or (ii)
above. 

-25- 

        “Responsible
Officer” of any person shall mean any executive officer or Financial Officer of
such person and any other officer or similar official thereof with responsibility for the
administration of the obligations of such person in respect of this Agreement. 

        “Revolving
Availability Period” shall mean the period from and including the Closing Date to
but excluding the earlier of (i) the Business Day preceding the Revolving Maturity
Date and (ii) the date of termination of the Revolving Commitments. 

        “Revolving
Borrowing” shall mean a Borrowing comprised of Revolving Loans. 

        “Revolving Commitment”
shall mean, with respect to each Lender, the commitment, if any, of such Lender to make
Revolving Loans hereunder up to the amount set forth on Schedule I to the Lender
Addendum executed and delivered by such Lender, or in the Assignment and Assumption
pursuant to which such Lender assumed its Revolving Commitment, as applicable, as the same
may be (a) reduced from time to time pursuant to Section 2.07 and
(b) reduced or increased from time to time pursuant to assignments by or to such
Lender pursuant to Section 10.04. The aggregate amount of the Lenders’
Revolving Commitments on the Closing Date is $50,000,000. 

        “Revolving
Exposure” shall mean, with respect to any Lender at any time, the aggregate
principal amount at such time of all outstanding Revolving Loans of such Lender,
plus the aggregate amount at such time of such Lender’s LC Exposure,
plus the aggregate amount at such time of such Lender’s Swingline Exposure. 

        “Revolving
Lender” shall mean a Lender with a Revolving Commitment. 

        “Revolving Loan”
shall mean a Loan made by the Lenders to Borrower pursuant to Section 2.01(b).
Each Revolving Loan shall either be an ABR Revolving Loan or a Eurodollar Revolving Loan. 

        “Revolving
Maturity Date” shall mean the date which is six (6) years after the Closing Date
or, if such date is not a Business Day, the first Business Day thereafter. 

        “S&P”
shall mean Standard & Poor’s Ratings Group and its successors. 

        “Sale
and Leaseback Transaction” has the meaning assigned to such term in
Section 6.03. 

        “Sarbanes-Oxley
Act” shall mean the United States Sarbanes-Oxley Act of 2002, as amended, and all
rules and regulations promulgated thereunder. 

        “Secured
Obligations” shall mean (a) the Obligations, (b) the due and punctual payment and
performance of all obligations of Borrower and the other Loan Parties under each Hedging
Agreement entered into with any counterparty that is a Secured Party and (c) the due
and punctual payment and performance of all obligations of Borrower and the other Loan
Parties (including overdrafts and related liabilities) under each Treasury Services
Agreement entered into with any counterparty that is a Secured Party. 

-26- 

        “Secured
Parties” shall mean, collectively, the Administrative Agent, the Collateral
Agent, each other Agent, the Lenders and each counterparty to a Hedging Agreement or
Treasury Services Agreement if at the date of entering into such Hedging Agreement or
Treasury Services Agreement such person was a Lender or an Affiliate of a Lender and such
person executes and delivers to the Administrative Agent a letter agreement in form and
substance acceptable to the Administrative Agent pursuant to which such person
(i) appoints the Collateral Agent as its agent under the applicable Loan Documents
and (ii) agrees to be bound by the provisions of Sections 2.14(d),
10.03 , 10.08 and 10.09 as if it were a Lender. 

        “Securities
Act” shall mean the Securities Act of 1933. 

        “Securities Collateral”
shall have the meaning assigned to such term in the Security Agreement. 

        “Security
Agreement” shall mean a Security Agreement substantially in the form of
Exhibit M among the Loan Parties and Collateral Agent for the benefit of the
Secured Parties. 

        “Security
Agreement Collateral” shall mean all property pledged or granted as collateral
pursuant to the Security Agreement (a) on the Closing Date or (b) thereafter pursuant to
Section 5.11. 

        “Security
Documents” shall mean the Security Agreement and each other security document or
pledge agreement delivered in accordance with applicable local or foreign law to grant a
valid, perfected security interest in any property as collateral for the Secured
Obligations, and all UCC or other financing statements or instruments of perfection
required by this Agreement, the Security Agreement or any other such security document or
pledge agreement to be filed with respect to the security interests in property and
fixtures created pursuant to the Security Agreement and any other document or instrument
utilized to pledge or grant or purport to pledge or grant a security interest or lien on
any property as collateral for the Secured Obligations. 

        “Standby
Letter of Credit” shall mean any standby letter of credit or similar instrument
issued for the purpose of supporting (a) workers’ compensation liabilities of
Borrower or any of its Subsidiaries, (b) the obligations of third-party insurers of
Borrower or any of its Subsidiaries arising by virtue of the laws of any jurisdiction
requiring third-party insurers to obtain such letters of credit, (c) performance,
payment, deposit or surety obligations of Borrower or any of its Subsidiaries if required
by a Requirement of Law or in accordance with custom and practice in the industry or
(d) Indebtedness of Borrower or any of its Subsidiaries permitted to be incurred
under Section 6.01. 

        “Statutory
Reserves” shall mean for any Interest Period for any Eurodollar Borrowing in
dollars, the average maximum rate at which reserves (including any marginal, supplemental
or emergency reserves) are required to be maintained during such Interest Period under
Regulation D by member banks of the United States Federal Reserve System in New York City
with deposits exceeding one billion dollars against “Eurocurrency liabilities”
(as such term is used in Regulation D). Eurodollar Borrowings shall be deemed to
constitute Eurodollar liabilities and to be subject to such reserve requirements without
benefit of or credit for proration, exceptions or offsets which may be available from time
to time to any Lender under Regulation D. 

        “Subordinated
Indebtedness” shall mean Indebtedness of Borrower or any Guarantor that is by its
terms subordinated in right of payment to the Obligations of Borrower and such Guarantor,
as applicable and contains such other terms, including subordination provisions,
covenants, defaults and remedies as are then customary for an offering of
“High-Yield” senior subordinated securities in the domestic capital markets. 

-27- 

        “Subsidiary”
shall mean, with respect to any person (the “parent”) at any date,
(i) any person the accounts of which would be consolidated with those of the parent
in the parent’s consolidated financial statements if such financial statements were
prepared in accordance with GAAP as of such date, other than entities consolidated solely
because of the operation of FIN 46, (ii) any other corporation, limited liability
company, association or other business entity of which securities or other ownership
interests representing more than 50% of the voting power of all Equity Interests entitled
(without regard to the occurrence of any contingency) to vote in the election of the Board
of Directors thereof are, as of such date, owned, controlled or held by the parent and/or
one or more subsidiaries of the parent, (iii) any partnership (a) the sole
general partner or the managing general partner of which is the parent and/or one or more
Subsidiaries of the parent or (b) the only general partners of which are the parent
and/or one or more Subsidiaries of the parent and (iv) any other person that is
otherwise Controlled by the parent and/or one or more Subsidiaries of the parent. Unless
the context requires otherwise, “Subsidiary” refers to a Subsidiary of Borrower. 

        “Subsidiary
Guarantor” shall mean each Subsidiary listed on Schedule 1.01(b) and
designated as a Material Subsidiary, and each other Subsidiary designated as a Material
Subsidiary that is or becomes a party to this Agreement pursuant to
Section 5.11. 

        “Swingline
Commitment” shall mean the commitment of the Swingline Lender to make loans
pursuant to Section 2.17, as the same may be reduced from time to time
pursuant to Section 2.07 or Section 2.17. The amount of the
Swingline Commitment shall initially be $5,000,000, but shall in no event exceed the
Revolving Commitment. 

        “Swingline
Exposure” shall mean at any time the aggregate principal amount at such time of
all outstanding Swingline Loans. The Swingline Exposure of any Revolving Lender at any
time shall equal its Pro Rata Percentage of the aggregate Swingline Exposure at such time. 

        “Swingline
Lender” shall have the meaning assigned to such term in the preamble hereto. 

        “Swingline Loan”
shall mean any loan made by the Swingline Lender pursuant to Section 2.17. 

        “Syndication
Agents” shall have the meaning assigned to such term in the preamble hereto. 

        “Tax
Return” shall mean all returns, statements, filings, attachments and other
documents or certifications required to be filed in respect of Taxes. 

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

        “Term
Borrowing” shall mean a Borrowing comprised of Term Loans. 

        “Term Loan”
shall mean the term loans made by the Lenders to Borrower pursuant to
Section 2.01(a). Each Term Loan shall be either an ABR Term Loan or a
Eurodollar Term Loan. 

-28- 

        “Term
Loan Commitment” shall mean, with respect to each Lender, the commitment, if any,
of such Lender to make a Term Loan hereunder on the Closing Date in the amount set forth
on Schedule I to the Lender Addendum executed and delivered by such Lender. The
aggregate amount of the Lenders’ Term Loan Commitments is $465,000,000. 

        “Term
Loan Lender” shall mean a Lender with a Term Loan Commitment or an outstanding
Term Loan. 

        “Term
Loan Maturity Date” shall mean the date which is seven (7) years after the
Closing Date or, if such date is not a Business Day, the first Business Day thereafter. 

        “Term
Loan Repayment Date” shall have the meaning assigned to such term in
Section 2.09. 

        “Test
Period” shall mean, at any time, the four consecutive fiscal quarters of Borrower
then last ended (in each case taken as one accounting period) for which financial
statements have been or are required to be delivered pursuant to
Section 5.01(a) or (b). 

        “Total
Leverage Ratio” shall mean, at any date of determination, the ratio of
Consolidated Indebtedness on such date to Consolidated EBITDA for the Test Period then
most recently ended. 

        “Transaction
Documents” shall mean the Loan Documents. 

        “Transactions”
shall mean, collectively, the transactions to occur on or prior to the Closing Date
pursuant to the Transaction Documents, including (a) the Dividend Payment;
(b) the execution, delivery and performance of the Loan Documents and the initial
borrowings hereunder; (c) the Refinancing; and (d) the payment of all fees,
commissions and expenses to be paid on or prior to the Closing Date and owing in
connection with the foregoing. 

        “Transferred
Guarantor” shall have the meaning assigned to such term in
Section 7.09. 

        “Treasury
Services Agreement” shall mean any agreement relating to treasury, depositary and
cash management services or automated clearinghouse transfer of funds. 

        “Triggering
Event” shall mean the event in which the corporate credit rating of the Borrower
is below Ba2 by Moody’s or BB by S&P, in each case with no negative outlook, on
any date on or after the date the transaction contemplated by the Agreement and Plan of
Merger, dated as of October 31, 2006, by and among Soda Acquisition, Inc., RR Donnelley
& Sons Company and Banta Corporation, is terminated. 

        “Triggering
Event Liens” shall mean, upon the occurrence of the Triggering Event, and without
duplication of Liens granted under the Security Agreement prior thereto, liens on all of
the Equity Interests of each of Borrower’s direct and indirect Subsidiaries, and
perfected first priority security interests in substantially all tangible assets
(including, without limitation, accounts receivable, inventory, intercompany notes,
insurance policies, investment property, cash and proceeds of the foregoing, but excluding
real property and equipment) of Borrower and the Guarantors, wherever located, now or
hereafter owned, except, in the case of Equity Interests in any Foreign Subsidiary, to the
extent such pledge would be prohibited by applicable law, would result in materially
adverse tax consequences or would risk personal liability of officers and directors of
such Foreign Subsidiary. 

-29- 

        “Trust
Agreement” shall mean Banta Corporation Executive Trust Agreement, dated January
8, 1990, by and between the Borrower and the Trustee. 

        “Trust
Corpus Reversion Amount” shall mean the funds returned to the Borrower pursuant
to Section 4.01 of the Trust Agreement. 

        “Trustee”
shall mean US Bank National Association (f/k/a First Wisconsin Trust Company), as trustee
of the Rabbi Trust. 

        “Type,”
when used in reference to any Loan or Borrowing, refers to whether the rate of interest on
such Loan, or on the Loans comprising such Borrowing, is determined by reference to the
Adjusted LIBOR Rate or the Alternate Base Rate. 

        “UCC”
shall mean the Uniform Commercial Code as in effect from time to time (except as otherwise
specified) in any applicable state or jurisdiction. 

        “United
States” shall mean the United States of America. 

        “Voting Stock”
shall mean, with respect to any person, any class or classes of Equity Interests pursuant
to which the holders thereof have the general voting power under ordinary circumstances to
elect at least a majority of the Board of Directors of such person. 

        “Wholly
Owned Subsidiary” shall mean, as to any person, (a) any corporation 100% of
whose capital stock (other than directors’ qualifying shares) is at the time owned by
such person and/or one or more Wholly Owned Subsidiaries of such person and (b) any
partnership, association, joint venture, limited liability company or other entity in
which such person and/or one or more Wholly Owned Subsidiaries of such person have a 100%
equity interest at such time. 

        “Withdrawal
Liability” shall mean liability to a Multiemployer Plan as a result of a complete
or partial withdrawal from such Multiemployer Plan, as such terms are defined in
Part I of Subtitle E of Title IV of ERISA. 

        SECTION
1.02    Classification of Loans and Borrowings.
For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a
“Revolving Loan”) or by Type (e.g., a “Eurodollar Loan”)
or by Class and Type (e.g., a “Eurodollar Revolving Loan”). Borrowings
also may be classified and referred to by Class (e.g., a “Revolving
Borrowing,” “Borrowing of Term Loans”) or by Type (e.g., a “Eurodollar
Borrowing”) or by Class and Type (e.g., a “Eurodollar Revolving
Borrowing”).  

        SECTION
1.03    Terms Generally. The definitions of
terms herein shall apply equally to the singular and plural forms of the terms defined.
Whenever the context may require, any pronoun shall include the corresponding masculine,
feminine and neuter forms. The words “include,” “includes” and “including” shall
be deemed to be followed by the phrase “without limitation.” The word “will” shall
be construed to have the same meaning and effect as the word “shall.” Unless
the context requires otherwise (a) any definition of or reference to any Loan
Document, agreement, instrument or other document herein shall be construed as referring
to such agreement, instrument or other document as from time to time amended,
supplemented or otherwise modified (subject to any restrictions on such amendments,
supplements or modifications set forth herein), (b) any reference herein to any
person shall be construed to include such person’s successors and assigns, (c) the
words “herein,” “hereof” and “hereunder,” and words of
similar import, shall be construed to refer to this Agreement in its entirety and not to
any particular provision hereof, (d) all references herein to Articles, Sections,
Exhibits and Schedules shall be construed to refer to Articles and Sections of, and
Exhibits and Schedules to, this Agreement, (e) any reference to any law or
regulation herein shall refer to such law or regulation as amended, modified or
supplemented from time to time, and (f) the words “asset” and “property” shall
be construed to have the same meaning and effect and to refer to any and all tangible and
intangible assets and properties, including cash, securities, accounts and contract
rights.  

-30- 

        SECTION
1.04     Accounting Terms; GAAP.
Except as otherwise expressly provided herein, all financial statements to be delivered
pursuant to this Agreement shall be prepared in accordance with GAAP as in effect from
time to time and all terms of an accounting or financial nature shall be construed and
interpreted in accordance with GAAP, as in effect on the date hereof unless otherwise
agreed to by Borrower and the Required Lenders.  

        SECTION
1.05     Resolution of Drafting Ambiguities.
Each Loan Party acknowledges and agrees that it was represented by counsel in connection
with the execution and delivery of the Loan Documents to which it is a party, that it and
its counsel reviewed and participated in the preparation and negotiation hereof and
thereof and that any rule of construction to the effect that ambiguities are to be
resolved against the drafting party shall not be employed in the interpretation hereof or
thereof.  

ARTICLE II  

THE CREDITS 

        SECTION
2.01    Commitments. Subject to the terms
and conditions and relying upon the representations and warranties herein set forth, each
Lender agrees, severally and not jointly:  

	 	        (a)                 to
make a Term Loan to Borrower on the Closing Date in the principal amount not           to
exceed its Term Loan Commitment; and  

	 	        (b)                 to
make Revolving Loans to Borrower, at any time and from time to time after the
          Closing Date until the earlier of the Revolving Maturity Date and the
          termination of the Revolving Commitment of such Lender in accordance with the
          terms hereof, in an aggregate principal amount at any time outstanding that
will           not result in such Lender’s Revolving Exposure exceeding such Lender’s
          Revolving Commitment.  

        Amounts
paid or prepaid in respect of Term Loans may not be reborrowed. Within the limits set
forth in clause (b) above and subject to the terms, conditions and limitations set
forth herein, Borrower may borrow, pay or prepay and reborrow Revolving Loans. 

        SECTION
2.02    Loans. 

        (a)              Each
Loan (other than Swingline Loans) shall be made as part of a Borrowing
          consisting of Loans made by the Lenders ratably in accordance with their
          applicable Commitments; provided that the failure of any Lender to make
          its Loan shall not in itself relieve any other Lender of its obligation to lend
          hereunder (it being understood, however, that no Lender shall be responsible
for           the failure of any other Lender to make any Loan required to be made by
such           other Lender). Except for Loans deemed made pursuant to Section 2.18(e)(ii),
(x) ABR Loans comprising any Borrowing           shall be in an aggregate principal
amount that is (i) an integral multiple           of $1,000,000 and not less than
$5,000,000 or (ii) equal to the remaining           available balance of the
applicable Commitments and (y) the Eurodollar           Loans comprising any
Borrowing shall be in an aggregate principal amount that is           (i) an
integral multiple of $1,000,000 and not less than $5,000,000 or           (ii) equal
to the remaining available balance of the applicable           Commitments.  

-31- 

        (b)              Subject
to Sections 2.11 and 2.12, each Borrowing shall be           comprised
entirely of ABR Loans or Eurodollar Loans as Borrower may request           pursuant to
Section 2.03. Each Lender may at its option make any           Eurodollar
Loan by causing any domestic or foreign branch or Affiliate of such           Lender to
make such Loan; provided that any exercise of such option shall           not
affect the obligation of Borrower to repay such Loan in accordance with the
          terms of this Agreement. Borrowings of more than one Type may be outstanding at
          the same time; provided that Borrower shall not be entitled to request
          any Borrowing that, if made, would result in more than five Eurodollar
          Borrowings outstanding hereunder at any one time. For purposes of the
foregoing,           Borrowings having different Interest Periods, regardless of whether
they           commence on the same date, shall be considered separate Borrowings.  

        (c)              Except
with respect to Loans deemed made pursuant to Section 2.18(e)(ii), each
Lender shall make each Loan to be made by           it hereunder on the proposed date
thereof by wire transfer of immediately           available funds to such account in New
York City as the Administrative Agent may           designate not later than 11:00 a.m.,
New York City time, and the Administrative           Agent shall promptly credit the
amounts so received to an account as directed by           Borrower in the applicable
Borrowing Request maintained with the Administrative           Agent or, if a Borrowing
shall not occur on such date because any condition           precedent herein specified
shall not have been met, return the amounts so           received to the respective
Lenders.  

        (d)              Unless
the Administrative Agent shall have received notice from a Lender prior           to the
date of any Borrowing that such Lender will not make available to the
          Administrative Agent such Lender’s portion of such Borrowing, the
          Administrative Agent may assume that such Lender has made such portion
available           to the Administrative Agent on the date of such Borrowing in
accordance with           paragraph (c) above, and the Administrative Agent may, in
reliance upon           such assumption, make available to Borrower on such date a
corresponding amount.           If the Administrative Agent shall have so made funds
available, then, to the           extent that such Lender shall not have made such
portion available to the           Administrative Agent, each of such Lender and Borrower
severally agrees to repay           to the Administrative Agent forthwith on demand such
corresponding amount           together with interest thereon, for each day from the date
such amount is made           available to Borrower until the date such amount is repaid
to the Administrative           Agent at (i) in the case of Borrower, the interest
rate applicable at the           time to the Loans comprising such Borrowing and (ii) in
the case of such           Lender, the greater of the Federal Funds Effective Rate and a
rate determined by           the Administrative Agent in accordance with banking industry
rules on interbank           compensation. If such Lender shall repay to the
Administrative Agent such           corresponding amount, such amount shall constitute
such Lender’s Loan as           part of such Borrowing for purposes of this
Agreement, and Borrower’s           obligation to repay the Administrative Agent
such corresponding amount pursuant           to this Section 2.02(d) shall
cease.  

        (e)              Notwithstanding
any other provision of this Agreement, Borrower shall not be           entitled to
request, or to elect to convert or continue, any Borrowing if the           Interest
Period requested with respect thereto would end after the Revolving           Maturity
Date or Term Loan Maturity Date, as applicable.  

        SECTION
2.03    Borrowing Procedure. To request a
Revolving Borrowing or Term Borrowing, Borrower shall deliver, by hand delivery or
telecopier, a duly completed and executed Borrowing Request to the Administrative Agent
(i) in the case of a Eurodollar Borrowing, not later than 11:00 a.m., New York City
time, three Business Days before the date of the proposed Borrowing, subject to Borrower
executing a satisfactory prefunding agreement with the Administrative Agent or (ii) in
the case of an ABR Borrowing, not later than 9:00 a.m., New York City time, one Business
Day before the date of the proposed Borrowing. Each Borrowing Request shall be
irrevocable and shall specify the following information in compliance with Section 2.02:  

-32- 

	 	        (a)                 whether
the requested Borrowing is to be a Borrowing of Revolving Loans or Term           Loans;  

	 	        (b)                 the
aggregate amount of such Borrowing;  

	 	        (c)                 the
date of such Borrowing, which shall be a Business Day;  

	 	        (d)                 whether
such Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing;  

	 	        (e)                 in
the case of a Eurodollar Borrowing, the initial Interest Period to be
          applicable thereto, which shall be a period contemplated by the definition of
          the term “Interest Period”;  

	 	        (f)                 the
location and number of Borrower’s account to which funds are to be
          disbursed, which shall comply with the requirements of Section 2.02(c);
and  

	 	        (g)                 that
the conditions set forth in Sections 4.02(b)-(d) have been
          satisfied as of the date of the notice.  

        If
no election as to the Type of Borrowing is specified, then the requested Borrowing shall
be an ABR Borrowing. If no Interest Period is specified with respect to any requested
Eurodollar Borrowing, then Borrower shall be deemed to have selected an Interest Period of
one month’s duration. Promptly following receipt of a Borrowing Request in accordance
with this Section, the Administrative Agent shall advise each Lender of the details
thereof and of the amount of such Lender’s Loan to be made as part of the requested
Borrowing. 

        SECTION
2.04          Evidence of Debt; Repayment of Loans. 

        (a)    Promise
to Repay. Borrower hereby unconditionally promises to pay           (i) to the
Administrative Agent for the account of each Term Loan Lender,           the principal
amount of each Term Loan of such Term Loan Lender as provided in Section 2.09,
(ii) to the Administrative Agent for the account           of each Revolving Lender,
the then unpaid principal amount of each Revolving           Loan of such Revolving
Lender on the Revolving Maturity Date and (iii) to           the Swingline Lender,
the then unpaid principal amount of each Swingline Loan on           the earlier of the
Revolving Maturity Date and the first date after such           Swingline Loan is made
that is the 15th or last day of a calendar month and is           at least two Business
Days after such Swingline Loan is made; provided          that on each date that a
Revolving Borrowing is made, Borrower shall repay all           Swingline Loans that were
outstanding on the date such Borrowing was requested.  

        (b)    Lender
and Administrative Agent Records. Each Lender shall maintain in           accordance
with its usual practice an account or accounts evidencing the           Indebtedness of
Borrower to such Lender resulting from each Loan made by such           Lender from time
to time, including the amounts of principal and interest           payable and paid to
such Lender from time to time under this Agreement. The           Administrative Agent
shall maintain accounts in which it will record           (i) the amount of each
Loan made hereunder, the Type and Class thereof and           the Interest Period
applicable thereto; (ii) the amount of any principal or           interest due and
payable or to become due and payable from Borrower to each           Lender hereunder;
and (iii) the amount of any sum received by the           Administrative Agent
hereunder for the account of the Lenders and each           Lender’s share thereof.
The entries made in the accounts maintained           pursuant to this paragraph shall
be prima facie evidence of the           existence and amounts of the obligations
therein recorded; provided that           the failure of any Lender or the
Administrative Agent to maintain such accounts           or any error therein shall not
in any manner affect the obligations of Borrower           to repay the Loans in
accordance with their terms.  

-33- 

        (c)    Promissory
Notes. Any Lender by written notice to Borrower (with a copy           to the
Administrative Agent) may request that Loans of any Class made by it be
          evidenced by a promissory note. In such event, Borrower shall prepare, execute
          and deliver to such Lender a promissory note payable to the order of such
Lender           (or, if requested by such Lender, to such Lender and its registered
assigns) in           the form of Exhibit K-1, K-2 or K-3, as
the case may           be. Thereafter, the Loans evidenced by such promissory note and
interest thereon           shall at all times (including after assignment pursuant to Section 10.04)
be represented by one or more promissory notes in           such form payable to the
order of the payee named therein (or, if such           promissory note is a registered
note, to such payee and its registered assigns).  

        SECTION
2.05          Fees. 

        (a)    Commitment
Fee. Borrower agrees to pay to the Administrative Agent for           the account of
each Lender a commitment fee (a “Commitment           Fee”) equal to the
Applicable Fee per annum on the average daily unused           amount of each Commitment
of such Lender during the period from and including           the date hereof to but
excluding the date on which such Commitment terminates.           Accrued Commitment Fees
shall be payable in arrears (A) on the last           Business Day of March, June,
September and December of each year, commencing on           the first such date to occur
after the date hereof, and (B) on the date on           which such Commitment
terminates. Commitment Fees shall be computed on the basis           of a year of 360 days
and shall be payable for the actual number of days           elapsed (including the first
day but excluding the last day). For purposes of           computing Commitment Fees with
respect to Revolving Commitments, a Revolving           Commitment of a Lender shall be
deemed to be used to the extent of the           outstanding Revolving Loans and LC
Exposure of such Lender (and the Swingline           Exposure of such Lender shall be
disregarded for such purpose).  

        (b)    Administrative
Agent Fees. Borrower agrees to pay to the Administrative           Agent, for its own
account, the administrative fees payable in the amounts and           at the times
separately agreed upon between Borrower and the Administrative           Agent (the “Administrative
Agent Fees”).  

        (c)    LC
and Fronting Fees. Borrower agrees to pay (i) to the           Administrative
Agent for the account of each Revolving Lender a participation           fee (“LC
Participation Fee”) with respect to its participations           in Letters of
Credit, which shall accrue at a rate equal to the Applicable           Margin from time
to time used to determine the interest rate on Eurodollar           Revolving Loans
pursuant to Section 2.06 on the average daily amount           of such Lender’s
LC Exposure (excluding any portion thereof attributable to           Reimbursement
Obligations) during the period from and including the Closing Date           to but
excluding the later of the date on which such Lender’s Revolving
          Commitment terminates and the date on which such Lender ceases to have any LC
          Exposure, and (ii) to the Issuing Bank a fronting fee (“Fronting
          Fee”), which shall accrue at the rate of 0.25% per annum on the
average           daily amount of the LC Exposure (excluding any portion thereof
attributable to           Reimbursement Obligations) during the period from and including
the Closing Date           to but excluding the later of the date of termination of the
Revolving           Commitments and the date on which there ceases to be any LC Exposure,
as well as           the Issuing Bank’s customary fees with respect to the issuance,
amendment,           renewal or extension of any Letter of Credit or processing of
drawings           thereunder. Accrued LC Participation Fees and Fronting Fees shall be
payable in           arrears (i) on the last Business Day of March, June, September
and December           of each year, commencing on the first such date to occur after the
Closing Date,           and (ii) on the date on which the Revolving Commitments
terminate. Any such           fees accruing after the date on which the Revolving
Commitments terminate shall           be payable on demand. Any other fees payable to the
Issuing Bank pursuant to           this paragraph shall be payable within 10 days
after demand therefor. All           LC Participation Fees and Fronting Fees shall be
computed on the basis of a year           of 360 days and shall be payable for the
actual number of days elapsed           (including the first day but excluding the last
day).  

-34- 

        (d)              All
Fees shall be paid on the dates due, in immediately available funds in           dollars,
to the Administrative Agent for distribution, if and as appropriate,           among the
Lenders, except that Borrower shall pay the Fronting Fees directly to           the
Issuing Bank. Once paid, none of the Fees shall be refundable under any
          circumstances.  

        SECTION
2.06     Interest on Loans.  

        (a)    ABR
Loans. Subject to the provisions of Section 2.06(c), the           Loans
comprising each ABR Borrowing, including each Swingline Loan, shall bear
          interest at a rate per annum equal to the Alternate Base Rate plus the
          Applicable Margin in effect from time to time.  

        (b)    Eurodollar
Loans. Subject to the provisions of Section 2.06(c), the Loans comprising
each Eurodollar Borrowing           shall bear interest at a rate per annum equal to the
Adjusted LIBOR Rate for the           Interest Period in effect for such Borrowing plus
the Applicable Margin in           effect from time to time.  

        (c)    Default
Rate. Notwithstanding the foregoing, during an Event of Default,           all
Obligations shall, to the extent permitted by applicable law, bear interest,
          after as well as before judgment, at a per annum rate equal to (i) in the
          case of principal and premium, if any, of or interest on any Loan, 2% plus the
rate otherwise applicable to such Loan as provided in the           preceding paragraphs
of this Section 2.06 or (ii) in the case           of any other amount,
2% plus the rate applicable to ABR Revolving Loans           as provided in Section 2.06(a) (in
either case, the “Default           Rate”).  

        (d)    Interest
Payment Dates. Accrued interest on each Loan shall be payable in           arrears on
each Interest Payment Date for such Loan; provided that           (i) interest
accrued pursuant to Section 2.06(c) shall be           payable on demand, (ii) in
the event of any repayment or prepayment of any           Loan (other than a prepayment
of an ABR Revolving Loan or a Swingline Loan           without a permanent reduction in
Revolving Commitments), accrued interest on the           principal amount repaid or
prepaid shall be payable on the date of such           repayment or prepayment and (iii) in
the event of any conversion of any           Eurodollar Loan prior to the end of the
current Interest Period therefor,           accrued interest on such Loan shall be
payable on the effective date of such           conversion.  

        (e)    Interest
Calculation. All interest hereunder shall be computed on the           basis of a
year of 360 days, except that interest computed by reference to           the
Alternate Base Rate shall be computed on the basis of a year of           365 days
(or 366 days in a leap year), and in each case shall be           payable for the
actual number of days elapsed (including the first day but           excluding the last
day). The applicable Alternate Base Rate or Adjusted LIBOR           Rate shall be
determined by the Administrative Agent in accordance with the           provisions of
this Agreement and such determination shall be conclusive absent           manifest
error.  

-35- 

        SECTION
2.07     Termination and Reduction of Commitments.  

        (a)    Termination
of Commitments. The Term Loan Commitments shall automatically           terminate at
5:00 p.m., New York City time, on the Closing Date. The Revolving           Commitments,
the Swingline Commitment and the LC Commitment shall automatically           terminate on
the Revolving Maturity Date. Notwithstanding the foregoing, all the           Commitments
shall automatically terminate at 5:00 p.m., New York City time, on           November 30,
2006, if the initial Credit Extension shall not have occurred by           such time.  

        (b)    Optional
Terminations and Reductions. At its option, Borrower may at any           time
terminate, or from time to time permanently reduce, the Commitments of any
          Class; provided that (i) each reduction of the Commitments of any
          Class shall be in an amount that is an integral multiple of $1,000,000 and not
          less than $5,000,000 and (ii) the Revolving Commitments shall not be
          terminated or reduced if, after giving effect to any concurrent prepayment of
          the Revolving Loans in accordance with Section 2.10, the aggregate
          amount of Revolving Exposures would exceed the aggregate amount of Revolving
          Commitments.  

        (c)    Borrower
Notice. Borrower shall notify the Administrative Agent in           writing of any
election to terminate or reduce the Commitments under Section 2.07(b) at
least three Business Days prior to the effective           date of such termination or
reduction, specifying such election and the           effective date thereof. Promptly
following receipt of any notice, the           Administrative Agent shall advise the
Lenders of the contents thereof. Each           notice delivered by Borrower pursuant to
this Section shall be irrevocable;           provided that a notice of termination of the
Commitments delivered by Borrower           may state that such notice is conditioned
upon the effectiveness of other credit           facilities, in which case such notice
may be revoked by Borrower (by notice to           the Administrative Agent on or prior
to the specified effective date) if such           condition is not satisfied. Any
termination or reduction of the Commitments of           any Class shall be permanent.
Each reduction of the Commitments of any Class           shall be made ratably among the
Lenders in accordance with their respective           Commitments of such Class.  

        SECTION
2.08     Interest Elections.  

        (a)    Generally.
Each Revolving Borrowing and Term Borrowing initially shall be           of the Type
specified in the applicable Borrowing Request and, in the case of a           Eurodollar
Borrowing, shall have an initial Interest Period as specified in such           Borrowing
Request. Thereafter, Borrower may elect to convert such Borrowing to a
          different Type or to continue such Borrowing and, in the case of a Eurodollar
          Borrowing, may elect Interest Periods therefor, all as provided in this
Section.           Borrower may elect different options with respect to different
portions of the           affected Borrowing, in which case each such portion shall be
allocated ratably           among the Lenders holding the Loans comprising such
Borrowing, and the Loans           comprising each such portion shall be considered a
separate Borrowing.           Notwithstanding anything to the contrary, Borrower shall
not be entitled to           request any conversion or continuation that, if made, would
result in more than           five Eurodollar Borrowings outstanding hereunder at any one
time. This Section           shall not apply to Swingline Borrowings, which may not be
converted or           continued.  

        (b)    Interest
Election Notice. To make an election pursuant to this Section,           Borrower
shall deliver, by hand delivery or telecopier, a duly completed and           executed
Interest Election Request to the Administrative Agent not later than           the time
that a Borrowing Request would be required under Section 2.03 if Borrower
were requesting a Revolving Borrowing or           Term Borrowing of the Type resulting
from such election to be made on the           effective date of such election. Each
Interest Election Request shall be           irrevocable. Each Interest Election Request
shall specify the following           information in compliance with Section 2.02:  

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	 	        (i)              the
Borrowing to which such Interest Election Request applies and, if different
          options are being elected with respect to different portions thereof, or if
          outstanding Borrowings are being combined, allocation to each resulting
          Borrowing (in which case the information to be specified pursuant to
          clauses (iii) and (iv) below shall be specified for each resulting
          Borrowing);  

	 	        (ii)              the
effective date of the election made pursuant to such Interest Election           Request,
which shall be a Business Day;  

	 	        (iii)              whether
the resulting Borrowing is to be an ABR Borrowing or a Eurodollar           Borrowing;
and  

	 	        (iv)              if
the resulting Borrowing is a Eurodollar Borrowing, the Interest Period to be
          applicable thereto after giving effect to such election, which shall be a
period           contemplated by the definition of the term “Interest Period”.  

        If
any such Interest Election Request requests a Eurodollar Borrowing but does not specify an
Interest Period, then Borrower shall be deemed to have selected an Interest Period of one
month’s duration. 

        Promptly
following receipt of an Interest Election Request, the Administrative Agent shall advise
each Lender of the details thereof and of such Lender’s portion of each resulting
Borrowing. 

        (c)    Automatic
Conversion to ABR Borrowing. If an Interest Election Request           with respect
to a Eurodollar Borrowing is not timely delivered prior to the end           of the
Interest Period applicable thereto, then, unless such Borrowing is repaid           as
provided herein, at the end of such Interest Period such Borrowing shall be
          converted to an ABR Borrowing. Notwithstanding any contrary provision hereof,
if           an Event of Default has occurred and is continuing, the Administrative Agent
or           the Required Lenders may require, by notice to Borrower, that (i) no
          outstanding Borrowing may be converted to or continued as a Eurodollar
Borrowing           and (ii) unless repaid, each Eurodollar Borrowing shall be
converted to an           ABR Borrowing at the end of the Interest Period applicable
thereto.  

        SECTION
2.09    Amortization of Term Borrowings.
Borrower shall pay to the Administrative Agent, for the account of the Lenders, on the
dates set forth on Annex II, or if any such date is not a Business Day, on
the immediately preceding Business Day (each such date, a “Term Loan Repayment
Date”), a principal amount of the Term Loans equal to the amount set forth on Annex IIfor
such date (as adjusted from time to time pursuant to Section 2.10(h)),
together in each case with accrued and unpaid interest on the principal amount to be paid
to but excluding the date of such payment. To the extent not previously paid, all
Term Loans shall be due and payable on the Term Loan Maturity Date.  

        SECTION
2.10          Optional and Mandatory Prepayments of Loans. 

        (a)    Optional
Prepayments. Borrower shall have the right at any time and from           time to
time, with prior notice but without premium or penalty (except LIBOR           breakage
costs), to prepay any Borrowing, in whole or in part, subject to the
          requirements of this Section 2.10; provided that each
partial           prepayment shall be in an amount that is an integral multiple of
$1,000,000 and           not less than $5,000,000 or, if less, the outstanding principal
amount of such           Borrowing.  

-37- 

        (b)    Revolving
Loan Prepayments.  

	 	        (i)              In
the event of the termination of all the Revolving Commitments, Borrower           shall,
on the date of such termination, repay or prepay all its outstanding           Revolving
Borrowings and all outstanding Swingline Loans and replace all           outstanding
Letters of Credit or cash collateralize all outstanding Letters of           Credit in
accordance with the procedures set forth in Section 2.18(i).  

	 	        (ii)              In
the event of any partial reduction of the Revolving Commitments, then           (x) at
or prior to the effective date of such reduction, the Administrative           Agent
shall notify Borrower and the Revolving Lenders of the sum of the           Revolving
Exposures after giving effect thereto and (y) if the sum of the           Revolving
Exposures would exceed the aggregate amount of Revolving Commitments           after
giving effect to such reduction, then Borrower shall, on the date of such
          reduction, first, repay or prepay Swingline Loans, second, repay
          or prepay Revolving Borrowings and third, replace outstanding Letters of
          Credit or cash collateralize outstanding Letters of Credit in accordance with
          the procedures set forth in Section 2.18(i), in an aggregate amount
          sufficient to eliminate such excess.  

	 	        (iii)              In
the event that the sum of all Lenders’ Revolving Exposures exceeds the
          Revolving Commitments then in effect, Borrower shall, without notice or demand,
          immediately first, repay or prepay Revolving Borrowings, and second,
replace outstanding Letters of Credit or cash collateralize           outstanding Letters
of Credit in accordance with the procedures set forth in Section 2.18(i), in
an aggregate amount sufficient to eliminate such           excess.  

	 	        (iv)              In
the event that the aggregate LC Exposure exceeds the LC Commitment then in
          effect, Borrower shall, without notice or demand, immediately replace
          outstanding Letters of Credit or cash collateralize outstanding Letters of
          Credit in accordance with the procedures set forth in Section 2.18(i),
in an aggregate amount sufficient to eliminate such           excess.  

        (c)    Asset
Sales. Not later than five Business Days following the receipt of           any Net
Cash Proceeds of any Asset Sale by Borrower or any of its Subsidiaries,
          Borrower shall make prepayments in accordance with Sections 2.10(h)          and
(i) in an aggregate amount equal to 100% of such Net Cash Proceeds; provided that:  

	 	        (i)              no
such prepayment shall be required under this Section 2.10(c)(i)          with
respect to (A) any Asset Sale permitted by Section 6.06(a), (B) the
disposition of property which           constitutes a Casualty Event, or (C) Asset
Sales for fair market value           resulting in no more than $2,500,000 in Net Cash
Proceeds in any fiscal year; provided that clause (C) shall not apply in the
case of any Asset           Sale described in clause (b) of the definition thereof;
and  

	 	        (ii)              so
long as no Default shall then exist or would arise therefrom, such proceeds
          shall not be required to be so applied on such date to the extent that Borrower
          shall have delivered an Officers’ Certificate to the Administrative Agent
          on or prior to such date stating that such Net Cash Proceeds are expected to be
          reinvested in fixed or capital assets within 180 days following the date
of           such Asset Sale (which Officers’ Certificate shall set forth the
estimates           of the proceeds to be so expended); provided that if all or
any portion           of such Net Cash Proceeds is not so reinvested within such 180-day
period, such           unused portion shall be applied on the last day of such period as
a mandatory           prepayment as provided in this Section 2.10(c); provided,          further,
that if the property subject to such Asset Sale constituted           Collateral, then
all property purchased with the Net Cash Proceeds thereof           pursuant to this
subsection shall be made subject to the Lien of the applicable           Security
Documents in favor of the Collateral Agent, for its benefit and for the           benefit
of the other Secured Parties in accordance with Sections 5.11 and 5.12;
provided, further, that an           Officers’ Certificate shall not be
required if such Net Cash Proceeds are           less than $500,000.  

-38- 

        (d)    Debt
Issuance or Preferred Stock Issuance. Not later than five Business           Days
following the receipt of any Net Cash Proceeds in excess of $2,500,000 of           any
Debt Issuance or Preferred Stock Issuance by Borrower or any of its
          Subsidiaries, Borrower shall make prepayments in accordance with Sections 2.10(h) and
(i) in an aggregate amount equal to 100%           of such Net Cash Proceeds.  

        (e)    Casualty
Events. Not later than five Business Days following the receipt           of any Net
Cash Proceeds in excess of $2,500,000 from a Casualty Event by           Borrower or any
of its Subsidiaries, Borrower shall make prepayments in           accordance with Sections 2.10(h) and
(i) in an aggregate           amount equal to 100% of such Net Cash Proceeds; provided that:  

	 	        (i)              so
long as no Default shall then exist or arise therefrom, such proceeds shall           not
be required to be so applied on such date to the extent that Borrower shall
          have delivered an Officers’ Certificate to the Administrative Agent on or
          prior to such date stating that such proceeds are expected to be used to
repair,           replace or restore any property in respect of which such Net Cash
Proceeds were           paid or reinvested in other fixed or capital assets, no later
than 180 days           following the date of receipt of such proceeds; provided that
if the           property subject to such Casualty Event constituted Collateral under the
          Security Documents, then all property purchased with the Net Cash Proceeds
          thereof pursuant to this subsection shall be made subject to the Lien of the
          applicable Security Documents in favor of the Collateral Agent, for its benefit
          and for the benefit of the other Secured Parties in accordance with Sections 5.11 and
5.12; provided, further, that an           Officers’ Certificate shall
not be required if such Net Cash Proceeds are           less than $500,000; and  

	 	        (ii)              if
any portion of such Net Cash Proceeds shall not be so applied within such
          180-day period, such unused portion shall be applied on the last day of such
          period as a mandatory prepayment as provided in this Section 2.10(e).  

        (f)    Excess
Cash Flow. No later than the earlier of (i) 90 days           after the end
of each Excess Cash Flow Period and (ii) the date on which           the financial
statements with respect to such fiscal year in which such Excess           Cash Flow
Period occurs are delivered pursuant to Section 5.01(a),           Borrower
shall make prepayments in accordance with Sections 2.10(h)          and (i) in
an aggregate amount equal to (x) 50% of Excess Cash Flow for           the Excess Cash
Flow Period then endedif the Total Leverage Ratio for           such period is
greater than 2.25:1, (y) 25% of Excess Cash Flow for the Excess           Cash Flow
Period then endedif the Total Leverage Ratio for such period           is equal to
or greater than 1.50:1, but less than or equal to 2.25:1, or (z)           zero, if the
Total Leverage Ratio for such period is less than 1.50:1.  

        (g)    Rabbi
Trust. Not later than five Business Days following the receipt of           any Net
Cash Proceeds by Borrower or any of its Subsidiaries of the Trust Corpus
          Reversion Amount, Borrower shall make prepayments in accordance with Sections 2.10(h) and
(i) in an aggregate amount equal to 100%           of such Net Cash Proceeds.  

        (h)    Application
of Prepayments. Prior to any optional or mandatory prepayment           hereunder,
Borrower shall select the Borrowing or Borrowings to be prepaid and           shall
specify such selection in the notice of such prepayment pursuant to Section 2.10(i),
subject to the provisions of this Section 2.10(h) (it being understood that
any mandatory prepayment           shall be applied first to the Term Loans). Any
prepayments of Term Loans           pursuant to Section 2.10(a), (c), (d),
(e), (f)           or(g) shall be applied to reduce scheduled
prepayments required           under Section 2.09, first, to such
scheduled prepayments due           on the Term Loan Repayment Dates occurring within the
12 months following           such prepayment and, second, on a pro rata basis
among the           prepayments remaining to be made on each Term Loan Repayment Date.
After           application of mandatory prepayments of Term Loans described above in
this Section 2.10(h) and to the extent there are mandatory prepayment
          amounts remaining after such application, such amounts shall be applied to the
          Revolving Loans without reduction of the Revolving Commitments.  

-39- 

        Amounts
to be applied pursuant to this Section 2.10 to the prepayment of Term Loans
and Revolving Loans shall be applied, as applicable, first to reduce outstanding ABR Term
Loans and ABR Revolving Loans, respectively. Any amounts remaining after each such
application shall be applied to prepay Eurodollar Term Loans or Eurodollar Revolving
Loans, as applicable. Notwithstanding the foregoing, if the amount of any prepayment of
Loans required under this Section 2.10 shall be in excess of the amount of the
ABR Loans at the time outstanding (an “Excess Amount”), only the portion
of the amount of such prepayment as is equal to the amount of such outstanding ABR Loans
shall be immediately prepaid and, at the election of Borrower, the Excess Amount shall be
either (A) deposited in an escrow account on terms satisfactory to the Collateral Agent
and applied to the prepayment of Eurodollar Loans on the last day of the then
next-expiring Interest Period for Eurodollar Loans; provided that (i) interest
in respect of such Excess Amount shall continue to accrue thereon at the rate provided
hereunder for the Loans which such Excess Amount is intended to repay until such Excess
Amount shall have been used in full to repay such Loans and (ii) at any time while a
Default has occurred and is continuing, the Administrative Agent may, and upon written
direction from the Required Lenders shall, apply any or all proceeds then on deposit to
the payment of such Loans in an amount equal to such Excess Amount or (B) prepaid
immediately, together with any amounts owing to the Lenders under
Section 2.13. 

        (i)    Notice
of Prepayment. Borrower shall notify the Administrative Agent           (and, in the
case of prepayment of a Swingline Loan, the Swingline Lender) by           written notice
of any prepayment hereunder (i) in the case of prepayment of           a Eurodollar
Borrowing, not later than 11:00 a.m., New York City time, three           Business Days
before the date of prepayment, (ii) in the case of prepayment           of an ABR
Borrowing, not later than 11:00 a.m., New York City time, one Business           Day
before the date of prepayment and (iii) in the case of prepayment of a
          Swingline Loan, not later than 11:00 a.m., New York City time, on the date of
          prepayment. Each such notice shall be irrevocable. Each such notice shall
          specify the prepayment date, the principal amount of each Borrowing or portion
          thereof to be prepaid and, in the case of a mandatory prepayment, a reasonably
          detailed calculation of the amount of such prepayment. Promptly following
          receipt of any such notice (other than a notice relating solely to Swingline
          Loans), the Administrative Agent shall advise the Lenders of the contents
          thereof. Each partial prepayment of any Borrowing shall be in an amount that
          would be permitted in the case of a Credit Extension of the same Type as
          provided in Section 2.02, except as necessary to apply fully the
          required amount of a mandatory prepayment. Each prepayment of a Borrowing shall
          be applied ratably to the Loans included in the prepaid Borrowing and otherwise
          in accordance with this Section 2.10. Prepayments shall be
          accompanied by accrued interest to the extent required by Section 2.06.  

        SECTION
2.11    Alternate Rate of Interest. If prior
to the commencement of any Interest Period for a Eurodollar Borrowing:  

	 	        (a)              the
Administrative Agent determines (which determination shall be final and
          conclusive absent manifest error) that adequate and reasonable means do not
          exist for ascertaining the Adjusted LIBOR Rate for such Interest Period; or  

-40-   

	 	        (b)              the
Administrative Agent is advised in writing by the Required Lenders that the
          Adjusted LIBOR Rate for such Interest Period will not adequately and fairly
          reflect the cost to such Lenders of making or maintaining their Loans included
          in such Borrowing for such Interest Period;  

then the Administrative Agent shall
give written notice thereof to Borrower and the Lenders as promptly as practicable
thereafter and, until the Administrative Agent notifies Borrower and the Lenders that the
circumstances giving rise to such notice no longer exist, (i) any Interest Election
Request that requests the conversion of any Borrowing to, or continuation of any Borrowing
as, a Eurodollar Borrowing shall be ineffective and (ii) if any Borrowing Request
requests a Eurodollar Borrowing, such Borrowing shall be made as an ABR Borrowing. 

        SECTION
2.12     Yield Protection.  

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

	 	        (i)              impose,
modify or deem applicable any reserve, special deposit, compulsory loan,
          insurance charge or similar requirement against assets of, deposits with or for
          the account of, or credit extended or participated in, by any Lender (except
any           reserve requirement reflected in the Adjusted LIBOR Rate) or the Issuing
Bank;  

	 	        (ii)              subject
any Lender or the Issuing Bank to any tax of any kind whatsoever with           respect
to this Agreement, any Letter of Credit, any participation in a Letter           of
Credit or any Eurodollar Loan made by it, or change the basis of taxation of
          payments to such Lender or the Issuing Bank in respect thereof (except for
          Indemnified Taxes or Other Taxes covered by Section 2.15 and the
          imposition of, or any change in the rate of, any Excluded Tax payable by such
          Lender or the Issuing Bank); or  

	 	        (iii)              impose
on any Lender or the Issuing Bank or the London interbank market any           other
condition, cost or expense affecting this Agreement or Eurodollar Loans           made by
such Lender or any Letter of Credit or participation therein;  

and the result of any of the
foregoing shall be to increase the cost to such Lender of making or maintaining any
Eurodollar Loan (or of maintaining its obligation to make any such Loan), or to increase
the cost to such Lender, the Issuing Bank or such Lender’s or the Issuing Bank’s
holding company, if any, of participating in, issuing or maintaining any Letter of Credit
(or of maintaining its obligation to participate in or to issue any Letter of Credit), or
to reduce the amount of any sum received or receivable by such Lender or the Issuing Bank
hereunder (whether of principal, interest or any other amount), then, upon request of such
Lender or the Issuing Bank, Borrower will pay to such Lender or the Issuing Bank, as the
case may be, such additional amount or amounts as will compensate such Lender or the
Issuing Bank, as the case may be, for such additional costs incurred or reduction
suffered. 

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

-41- 

        (c)    Certificates
for Reimbursement. A certificate of a Lender or the Issuing           Bank setting
forth the amount or amounts necessary to compensate such Lender or           the Issuing
Bank or its holding company, as the case may be, as specified in           paragraph (a)
or (b) of this Section 2.12 and delivered to           Borrower shall be
conclusive absent manifest error. Borrower shall pay such           Lender or the Issuing
Bank, as the case may be, the amount shown as due on any           such certificate
within 10 days after receipt thereof.  

        (d)    Delay
in Requests. Failure or delay on the part of any Lender or the           Issuing Bank
to demand compensation pursuant to this Section 2.12 and           setting forth
the calculation of such amount in reasonable detail shall not           constitute a
waiver of such Lender’s or the Issuing Bank’s right to           demand such
compensation; provided that Borrower shall not be required to           compensate
a Lender or the Issuing Bank pursuant to this Section for any           increased costs
incurred or reductions suffered more than 120 days prior to the           date that such
Lender or the Issuing Bank, as the case may be, notifies Borrower           of the Change
in Law giving rise to such increased costs or reductions and of           such Lender’s
or the Issuing Bank’s intention to claim compensation           therefor (except
that, if the Change in Law giving rise to such increased costs           or reductions is
retroactive, then the 120-day period referred to above shall be           extended to
include the period of retroactive effect thereof) .  

        SECTION
2.13    Breakage Payments. In the event of
(a) the payment or prepayment, whether optional or mandatory, of any principal of
any Eurodollar Loan earlier than the last day of an Interest Period applicable thereto
(including as a result of an Event of Default), (b) the conversion of any Eurodollar
Loan earlier than the last day of the Interest Period applicable thereto, (c) the
failure to borrow, convert, continue or prepay any Revolving Loan or Term Loan on the
date specified in any notice delivered pursuant hereto or (d) the assignment of any
Eurodollar Loan earlier than the last day of the Interest Period applicable thereto as a
result of a request by Borrower pursuant to Section 2.16(b), then, in any
such event, Borrower shall compensate each Lender for the loss, cost and expense
attributable to such event. In the case of a Eurodollar Loan, such loss, cost or expense
to any Lender shall be deemed to include an amount reasonably determined by such Lender
to be the excess, if any, of (i) the amount of interest which would have accrued on
the principal amount of such Loan had such event not occurred, at the Adjusted LIBOR Rate
that would have been applicable to such Loan, for the period from the date of such event
to the last day of the then current Interest Period therefor (or, in the case of a
failure to borrow, convert or continue, for the period that would have been the Interest
Period for such Loan), over (ii) the amount of interest which would accrue on such
principal amount for such period at the interest rate which such Lender would bid were it
to bid, at the commencement of such period, for dollar deposits of a comparable amount
and period from other banks in the Eurodollar market. A certificate of any Lender setting
forth in reasonable detail any amount or amounts that such Lender is entitled to receive
pursuant to this Section 2.13 shall be delivered to Borrower (with a copy to
the Administrative Agent) and shall be conclusive and binding absent manifest error.
Borrower shall pay such Lender the amount shown as due on any such certificate within 5 days
after receipt thereof.  

-42- 

        SECTION
2.14          Payments Generally; Pro Rata Treatment; Sharing of
Setoffs. 

        (a)    Payments
Generally. Borrower shall make each payment required to be made           by it
hereunder or under any other Loan Document (whether of principal,           interest,
fees or Reimbursement Obligations, or of amounts payable under Section 2.12,
2.13, 2.15 or 10.03, or           otherwise) on or before the time
expressly required hereunder or under such           other Loan Document for such payment
(or, if no such time is expressly required,           prior to 2:00 p.m., New York City
time), on the date when due, in immediately           available funds, without setoff,
deduction or counterclaim. Any amounts received           after such time on any date
may, in the discretion of the Administrative Agent,           be deemed to have been
received on the next succeeding Business Day for purposes           of calculating
interest thereon. All such payments shall be made to the           Administrative Agent
at its offices at 677 Washington Boulevard, Stamford,           Connecticut, except
payments to be made directly to the Issuing Bank or           Swingline Lender as
expressly provided herein and except that payments pursuant           to Sections 2.12,
2.13, 2.15 and 10.03 shall be made           directly to the persons
entitled thereto and payments pursuant to other Loan           Documents shall be made to
the persons specified therein. The Administrative           Agent shall distribute any
such payments received by it for the account of any           other person to the
appropriate recipient promptly following receipt thereof. If           any payment under
any Loan Document shall be due on a day that is not a Business           Day, unless
specified otherwise, the date for payment shall be extended to the           next
succeeding Business Day, and, in the case of any payment accruing interest,
          interest thereon shall be payable for the period of such extension. All
payments           under each Loan Document shall be made in dollars, except as expressly
specified           otherwise.  

        (b)    Pro
Rata Treatment.  

	 	        (i)              Each
payment by Borrower of interest in respect of the Loans shall be applied to           the
amounts of such obligations owing to the Lenders pro rata according           to
the respective amounts then due and owing to the Lenders.  

	 	        (ii)              Each
payment on account of principal of the Term Loans shall be allocated among           the
Term Loan Lenders pro rata based on the principal amount of the Term
          Loans held by the Term Loan Lenders. Each payment by Borrower on account of
          principal of the Revolving Borrowings shall be made pro rata according
to           the respective outstanding principal amounts of the Revolving Loans then
held by           the Revolving Lenders.  

        (c)    Insufficient
Funds. If at any time insufficient funds are received by and           available to
the Administrative Agent to pay fully all amounts of principal,           Reimbursement
Obligations, interest and fees then due hereunder, such funds           shall be applied
(i) first, toward payment of interest and fees then due           hereunder, ratably
among the parties entitled thereto in accordance with the           amounts of interest
and fees then due to such parties, and           (ii) second, toward payment
of principal and Reimbursement           Obligations then due hereunder, ratably among
the parties entitled thereto in           accordance with the amounts of principal and
Reimbursement Obligations then due           to such parties.  

        (d)    Sharing
of Set-Off. If any Lender (and/or the Issuing Bank, which shall           be deemed a
“Lender” for purposes of this Section 2.14(d))           shall, by
exercising any right of setoff or counterclaim or otherwise, obtain           payment in
respect of any principal of or interest on any of its Loans or other
          Obligations resulting in such Lender’s receiving payment of a proportion
of           the aggregate amount of its Loans and accrued interest thereon or other
          Obligations greater than its prorata share thereof as provided
          herein, then the Lender receiving such greater proportion shall (a) notify
          the Administrative Agent of such fact, and (b) purchase (for cash at face
          value) participations in the Loans and such other obligations of the other
          Lenders, or make such other adjustments as shall be equitable, so that the
          benefit of all such payments shall be shared by the Lenders ratably in
          accordance with the aggregate amount of principal of and accrued interest on
          their respective Loans and other amounts owing them, provided that:  

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

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

Each Loan Party consents to the
foregoing and agrees, to the extent it may effectively do so under applicable Requirements
of Law, that any Lender acquiring a participation pursuant to the foregoing arrangements
may exercise against such Loan Party rights of setoff and counterclaim with respect to
such participation as fully as if such Lender were a direct creditor of such Loan Party in
the amount of such participation. If under applicable bankruptcy, insolvency or any
similar law any Secured Party receives a secured claim in lieu of a setoff or counterclaim
to which this Section 2.14(d) applies, such Secured Party shall to the extent
practicable, exercise its rights in respect of such secured claim in a manner consistent
with the rights to which the Secured Party is entitled under this
Section 2.14(d) to share in the benefits of the recovery of such secured
claim. 

        (e)    Borrower
Default. Unless the Administrative Agent shall have received           notice from
Borrower prior to the date on which any payment is due to the           Administrative
Agent for the account of the Lenders or the Issuing Bank           hereunder that
Borrower will not make such payment, the Administrative Agent may           assume that
Borrower has made such payment on such date in accordance herewith           and may, in
reliance upon such assumption, distribute to the Lenders or the           Issuing Bank,
as the case may be, the amount due. In such event, if Borrower has           not in fact
made such payment, then each of the Lenders or the Issuing Bank, as           the case
may be, severally agrees to repay to the Administrative Agent forthwith           on
demand the amount so distributed to such Lender or the Issuing Bank with
          interest thereon, for each day from and including the date such amount is
          distributed to it to but excluding the date of payment to the Administrative
          Agent, at the greater of the Federal Funds Effective Rate and a rate determined
          by the Administrative Agent in accordance with banking industry rules on
          interbank compensation.  

        (f)    Lender
Default. If any Lender shall fail to make any payment required to           be made
by it pursuant to Section 2.02(c), 2.14(e), 2.17(d), 2.18(d),
2.18(e) or 10.03(c), then the Administrative Agent           may, in its
discretion (notwithstanding any contrary provision hereof), apply           any amounts
thereafter received by the Administrative Agent for the account of           such Lender
to satisfy such Lender’s obligations under such Sections until           all such
unsatisfied obligations are fully paid.  

        SECTION
2.15     Taxes.  

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

-44- 

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

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

        (d)    Evidence
of Payments. As soon as practicable after any payment of           Indemnified Taxes
or Other Taxes by Borrower to a Governmental Authority,           Borrower shall deliver
to the Administrative Agent the original or a certified           copy of a receipt
issued by such Governmental Authority evidencing such payment,           a copy of the
return reporting such payment or other evidence of such payment           reasonably
satisfactory to the Administrative Agent.  

        (e)    Status
of Lenders. At the request of Borrower, any Foreign Lender shall,           to the
extent it may lawfully do so, deliver to Borrower and the Administrative           Agent
(in such number of copies as shall be requested by the recipient) on or           prior
to the date on which such Foreign Lender becomes a Lender under this           Agreement
(and from time to time thereafter upon the request of Borrower or the
          Administrative Agent, but only if such Foreign Lender is legally entitled to do
          so), whichever of the following is applicable:  

	 	        (i)              duly
completed copies of Internal Revenue Service Form W-8BEN (and in the case           of a
Foreign Lender that is classified for United States federal income tax           purposes
as a partnership or a trust, Form W-8IMY) claiming eligibility for           benefits of
an income tax treaty to which the United States of America is a           party,  

	 	        (ii)              duly
completed copies of Internal Revenue Service Form W-8ECI,  

	 	        (iii)              in
the case of a Foreign Lender claiming the benefits of the exemption for
          portfolio interest under Section 881(c) of the Code, (x) a certificate, in
          substantially the form of Exhibit Q, or any other form approved by
          the Administrative Agent, to the effect that such Foreign Lender is not (A) a
          “bank” within the meaning of Section 881(c)(3)(A) of the Code, (B) a
          “10 percent shareholder” of Borrower within the meaning of Section
          881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation”          described
in Section 881(c)(3)(C) of the Code and (y) duly completed copies of           Internal
Revenue Service Form W-8BEN, or  

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	 	        (iv)              any
other form prescribed by applicable Requirements of Law as a basis for           claiming
exemption from or a reduction in United States Federal withholding tax           duly
completed together with such supplementary documentation as may be           prescribed
by applicable Requirements of Law to permit Borrower to determine the
          withholding or deduction required to be made.  

	 	        (v)              From
time to time upon the reasonable request of Borrower, the Issuing Bank           shall
deliver to Borrower (in such number of copies as shall be requested by
          Borrower) duly completed copies of Internal Revenue Service Form W-8ECI
claiming           exemption from United States federal withholding tax with respect to
payments           made under this Agreement.  

        (f)    Treatment
of Certain Refunds. If the Administrative Agent, a Lender or           the Issuing
Bank determines, in its reasonable discretion, that it has received           a refund of
any Indemnified Taxes or Other Taxes as to which it has been           indemnified by
Borrower or with respect to which Borrower has paid additional           amounts pursuant
to this Section, it shall pay to Borrower an amount equal to           such refund (but
only to the extent of indemnity payments made, or additional           amounts paid, by
Borrower under this Section with respect to the Indemnified           Taxes or Other
Taxes giving rise to such refund), net of all out-of-pocket           expenses of the
Administrative Agent, such Lender or the Issuing Bank, as the           case may be, and
without interest (other than any interest paid by the relevant           Governmental
Authority with respect to such refund); provided that           Borrower, upon the
request of the Administrative Agent, such Lender or the           Issuing Bank, agrees to
repay the amount paid over to Borrower (plus any           penalties, interest or other
charges imposed by the relevant Governmental           Authority) to the Administrative
Agent, such Lender or the Issuing Bank in the           event the Administrative Agent,
such Lender or the Issuing Bank is required to           repay such refund to such
Governmental Authority. This paragraph shall not be           construed to require the
Administrative Agent, any Lender or the Issuing Bank to           make available its tax
returns (or any other information relating to its taxes           that it deems
confidential) to Borrower or any other person. Notwithstanding           anything to the
contrary, in no event will any Lender be required to pay any           amount to Borrower
the payment of which would place such Lender in a less           favorable net after-tax
position than such Lender would have been in if the           additional amounts giving
rise to such refund of any Indemnified Taxes or Other           Taxes had never been
paid.  

        SECTION
2.16     Mitigation Obligations; Replacement of Lenders.  

        (a)    Designation
of a Different Lending Office. If any Lender requests           compensation under Section 2.12,
or requires Borrower to pay any           additional amount to any Lender or any
Governmental Authority for the account of           any Lender pursuant to Section 2.15,
then such Lender shall use           reasonable efforts to designate a different lending
office for funding or           booking its Loans hereunder or to assign its rights and
obligations hereunder to           another of its offices, branches or affiliates, if, in
the judgment of such           Lender, such designation or assignment (i) would
eliminate or reduce           amounts payable pursuant to Section 2.12 or 2.15,
as the case may           be, in the future and (ii) would not subject such Lender
to any           unreimbursed cost or expense and would not otherwise be disadvantageous
to such           Lender. Borrower hereby agrees to pay all reasonable costs and expenses
incurred           by any Lender in connection with any such designation or assignment,
which has           received Borrower’s consent. A certificate setting forth such
costs and           expenses submitted by such Lender to Borrower shall be conclusive
absent           manifest error.  

        (b)    Replacement
of Lenders. If any Lender requests compensation under Section 2.12, or if
Borrower is required to pay any additional           amount to any Lender or any
Governmental Authority for the account of any Lender           pursuant to Section 2.15,
or if any Lender defaults in its           obligation to fund Loans hereunder, or if
Borrower exercises its replacement           rights under Section 10.02(d),
then Borrower may, at its sole           expense and effort, upon notice to such Lender
and the Administrative Agent,           require such Lender to assign and delegate,
without recourse (in accordance with           and subject to the restrictions contained
in, and consents required by, Section 10.04), all of its interests, rights
and obligations under           this Agreement and the other Loan Documents to an
Eligible Assignee that shall           assume such obligations (which assignee may be
another Lender, if a Lender           accepts such assignment); provided that:  

-46- 

	 	        (i)              Borrower
shall have paid to the Administrative Agent the processing and           recordation fee
specified in Section 10.04(b);  

	 	        (ii)              such
Lender shall have received payment of an amount equal to the outstanding
          principal of its Loans and participations in LC Disbursements and
Swingline           Loans, accrued interest thereon, accrued fees and all other amounts
payable to           it hereunder and under the other Loan Documents (including any
amounts under Section 2.13), assuming for this purpose (in the case of a Lender
being           replaced pursuant to Section 10.02(d)) that the Loans of such
Lender           were being prepaid) from the assignee (to the extent of such outstanding
          principal and accrued interest and fees) or Borrower (in the case of all other
          amounts);  

	 	        (iii)              in
the case of any such assignment resulting from a claim for compensation under Section 2.12 or
payments required to be made pursuant to Section 2.15, such assignment will
result in a reduction in such           compensation or payments thereafter; and  

	 	        (iv)              such
assignment does not conflict with applicable Requirements of Law.  

A Lender shall not be required to
make any such assignment or delegation if, prior thereto, as a result of a waiver by such
Lender or otherwise, the circumstances entitling Borrower to require such assignment and
delegation cease to apply. 

        SECTION
2.17     Swingline Loans.  

        (a)    Swingline
Commitment. Subject to the terms and conditions set forth           herein, the
Swingline Lender agrees to make Swingline Loans to Borrower from           time to time
during the Revolving Availability Period, in an aggregate principal           amount at
any time outstanding that will not result in (i) the aggregate           principal
amount of outstanding Swingline Loans exceeding $5,000,000 or           (ii) the sum
of the total Revolving Exposures exceeding the total Revolving           Commitments; provided that
the Swingline Lender shall not be required to           make a Swingline Loan to
refinance an outstanding Swingline Loan. Within the           foregoing limits and
subject to the terms and conditions set forth herein,           Borrower may borrow,
repay and reborrow Swingline Loans.  

        (b)    Swingline
Loans. To request a Swingline Loan, Borrower shall deliver, by           hand
delivery or telecopier, a duly completed and executed Borrowing Request to           the
Administrative Agent and the Swingline Lender, not later than 12:00 (noon),           New
York City time, on the day of a proposed Swingline Loan. Each such notice           shall
be irrevocable and shall specify the requested date (which shall be a           Business
Day) and the amount of the requested Swingline Loan. Each Swingline           Loan shall
be an ABR Loan. The Swingline Lender shall make each Swingline Loan           available
to Borrower to an account as directed by Borrower in the applicable           Borrowing
Request maintained with the Administrative Agent (or, in the case of a
          Swingline Loan made to finance the reimbursement of an LC Disbursement as
          provided in Section 2.18(e), by remittance to the Issuing Bank) by
          3:00 p.m., New York City time, on the requested date of such Swingline Loan.
          Borrower shall not request a Swingline Loan if at the time of or immediately
          after giving effect to the Extension of Credit contemplated by such request a
          Default has occurred and is continuing or would result therefrom. Swingline
          Loans shall be made in minimum amounts of $1,000,000 and integral multiples of
          $500,000 above such amount.  

-47- 

        (c)    Prepayment.
Borrower shall have the right at any time and from time to           time to repay any
Swingline Loan, in whole or in part, upon giving written           notice to the
Swingline Lender and the Administrative Agent before 12:00 (noon),           New York
City time, on the proposed date of repayment.  

        (d)    Participations.
The Swingline Lender may at any time in its discretion by           written notice given
to the Administrative Agent (provided such notice           requirement shall not
apply if the Swingline Lender and the Administrative Agent           are the same entity)
not later than 11:00 a.m., New York City time, on the next           succeeding Business
Day following such notice require the Revolving Lenders to           acquire
participations on such Business Day in all or a portion of the Swingline           Loans
then outstanding. Such notice shall specify the aggregate amount of           Swingline
Loans in which Revolving Lenders will participate. Promptly upon           receipt of
such notice, the Administrative Agent will give notice thereof to           each
Revolving Lender, specifying in such notice such Lender’s Pro Rata
          Percentage of such Swingline Loan or Loans. Each Revolving Lender hereby
          absolutely and unconditionally agrees, upon receipt of notice as provided
above,           to pay to the Administrative Agent, for the account of the Swingline
Lender,           such Lender’s Pro Rata Percentage of such Swingline Loan or Loans.
Each           Revolving Lender acknowledges and agrees that its obligation to acquire
          participations in Swingline Loans pursuant to this paragraph is absolute and
          unconditional and shall not be affected by any circumstance whatsoever,
          including the occurrence and continuance of a Default or reduction or
          termination of the Commitments, and that each such payment shall be made
without           any offset, abatement, withholding or reduction whatsoever (so long as
such           payment shall not cause such Lender’s Revolving Exposure to exceed
such           Lender’s Revolving Commitment). Each Revolving Lender shall comply
with its           obligation under this paragraph by wire transfer of immediately
available funds,           in the same manner as provided in Section 2.02(c) with
respect to           Loans made by such Lender (and Section 2.02 shall apply,
mutatis           mutandis, to the payment obligations of the Revolving Lenders),
and the           Administrative Agent shall promptly pay to the Swingline Lender the
amounts so           received by it from the Revolving Lenders. The Administrative Agent
shall notify           Borrower of any participations in any Swingline Loan acquired by
the Revolving           Lenders pursuant to this paragraph, and thereafter payments in
respect of such           Swingline Loan shall be made to the Administrative Agent and
not to the           Swingline Lender. Any amounts received by the Swingline Lender from
Borrower (or           any other person on behalf of Borrower) in respect of a Swingline
Loan after           receipt by the Swingline Lender of the proceeds of a sale of
participations           therein shall be promptly remitted to the Administrative Agent.
Any such amounts           received by the Administrative Agent shall be promptly
remitted by the           Administrative Agent to the Revolving Lenders that shall have
made their           payments pursuant to this paragraph, as their interests may appear.
The purchase           of participations in a Swingline Loan pursuant to this paragraph
shall not           relieve Borrower of any default in the payment thereof.  

        SECTION
2.18     Letters of Credit  

        (a)    General.
          Subject to the terms and conditions set forth herein, Borrower may request the
          Issuing Bank to issue Letters of Credit for its own account or the account of a
          Subsidiary in a form reasonably acceptable to the Administrative Agent and the
          Issuing Bank, at any time and from time to time during the Revolving
          Availability Period (provided that Borrower shall be a co-applicant, and
          be jointly and severally liable, with respect to each Letter of Credit issued
          for the account of a Subsidiary). The Issuing Bank shall have no obligation to
          issue, and Borrower shall not request the issuance of, any Letter of Credit at
          any time if after giving effect to such issuance, the LC Exposure would exceed
          the LC Commitment or the total Revolving Exposure would exceed the total
          Revolving Commitments. In the event of any inconsistency between the terms and
          conditions of this Agreement and the terms and conditions of any form of letter
          of credit application or other agreement submitted by Borrower to, or entered
          into by Borrower with, the Issuing Bank relating to any Letter of Credit, the
          terms and conditions of this Agreement shall control.  

-48- 

        (b)    Request
for Issuance, Amendment, Renewal, Extension; Certain Conditions and           Notices.
To request the issuance of a Letter of Credit or the amendment,           renewal or
extension of an outstanding Letter of Credit, Borrower shall deliver,           by hand
or telecopier (or transmit by electronic communication, if arrangements           for
doing so have been approved by the Issuing Bank), an LC Request to the           Issuing
Bank and the Administrative Agent not later than 11:00 a.m. on the           second
Business Day preceding the requested date of issuance, amendment, renewal           or
extension (or such later date and time as is acceptable to the Issuing Bank).  

        A
request for an initial issuance of a Letter of Credit shall specify in form and detail
satisfactory to the Issuing Bank: 

	 	        (i)              the
proposed issuance date of the requested Letter of Credit (which shall be a
          Business Day);  

	 	        (ii)              the
amount thereof;  

	 	        (iii)              the
expiry date thereof (which shall not be later than the close of business on           the
Letter of Credit Expiration Date) (provided that subject to cash
          collateralization or other credit support acceptable to the Issuing Bank, a
          Letter of Credit may provide for longer maturity);  

	 	        (iv)              the
name and address of the beneficiary thereof;  

	 	        (v)              whether
the Letter of Credit is to be issued for its own account or for the           account of
one of its Subsidiaries (provided  that Borrower shall be a
          co-applicant, and therefore jointly and severally liable, with respect to each
          Letter of Credit issued for the account of a Subsidiary);  

	 	        (vi)              the
documents to be presented by such beneficiary in connection with any drawing
          thereunder;  

	 	        (vii)              the
full text of any certificate to be presented by such beneficiary in           connection
with any drawing thereunder; and  

	 	        (viii)              such
other matters as the Issuing Bank may require.  

        A
request for an amendment, renewal or extension of any outstanding Letter of Credit shall
specify in form and detail satisfactory to the Issuing Bank: 

	 	        (i)              the
Letter of Credit to be amended, renewed or extended;  

	 	        (ii)              the
proposed date of amendment, renewal or extension thereof (which shall be a
          Business Day);  

	 	        (iii)              the
nature of the proposed amendment, renewal or extension; and  

	 	        (iv)              such
other matters as the Issuing Bank may require.  

-49- 

If requested by the Issuing Bank,
Borrower also shall submit a letter of credit application on the Issuing Bank’s
standard form in connection with any request for a Letter of Credit. A Letter of Credit
shall be issued, amended, renewed or extended only if (and, upon issuance, amendment,
renewal or extension of each Letter of Credit, Borrower shall be deemed to represent and
warrant that), after giving effect to such issuance, amendment, renewal or extension,
(i) the LC Exposure shall not exceed the LC Commitment, (ii) the total Revolving
Exposures shall not exceed the total Revolving Commitments and (iii) the conditions set
forth in Article IV in respect of such issuance, amendment, renewal or extension
shall have been satisfied. Unless the Issuing Bank shall agree otherwise, no Letter of
Credit shall be in an initial amount less than $100,000, in the case of a Commercial
Letter of Credit, or $500,000, in the case of a Standby Letter of Credit, or is to be
denominated in a currency other than Dollars. 

        Upon
the issuance of any Letter of Credit or amendment, renewal, extension or modification to a
Letter of Credit, the Issuing Bank shall promptly notify the Administrative Agent, who
shall promptly notify each Revolving Lender, thereof, which notice shall be accompanied by
a copy of such Letter of Credit or amendment, renewal, extension or modification to a
Letter of Credit and the amount of such Lender’s respective participation in such
Letter of Credit pursuant to Section 2.18(d). On the first Business Day of
each calendar month, the Issuing Bank shall provide to the Administrative Agent a report
listing all outstanding Letters of Credit and the amounts and beneficiaries thereof and
the Administrative Agent shall promptly provide such report to each Revolving Lender. 

        (c)    Expiration
Date.  

	 	        (i)              Each
Letter of Credit shall expire at or prior to the close of business           on the
date which is one year after the date of the issuance of such Letter           of Credit
(or, in the case of any renewal or extension thereof, one year after           such
renewal or extension).  

	 	        (ii)              If
Borrower so requests in any Letter of Credit Request, the Issuing Bank may,           in
its sole and absolute discretion, agree to issue a Letter of Credit that has
          automatic renewal provisions (each, an “Auto-Renewal Letter of
          Credit”); provided that any such Auto-Renewal Letter of Credit
          must permit the Issuing Bank to prevent any such renewal at least once in each
          twelve-month period (commencing with the date of issuance of such Letter of
          Credit) by giving prior notice to the beneficiary thereof not later than a day
          in each such twelve-month period to be agreed upon at the time such Letter of
          Credit is issued. Unless otherwise directed by the Issuing Bank, Borrower shall
          not be required to make a specific request to the Issuing Bank for any such
          renewal. Once an Auto-Renewal Letter of Credit has been issued, the Revolving
          Lenders shall be deemed to have authorized (but may not require) the Issuing
          Bank to permit the renewal of such Letter of Credit at any time to an expiry
          date not later than the earlier of (i) one year from the date of such
          renewal and (ii) the Letter of Credit Expiration Date; provided that
          the Issuing Bank shall not permit any such renewal if (x) the Issuing Bank
          has determined that it would have no obligation at such time to issue such
          Letter of Credit in its renewed form under the terms hereof (by reason of the
          provisions of Section 2.18(l) or otherwise), or (y) it has
          received notice on or before the day that is two Business Days before the date
          which has been agreed upon pursuant to the proviso of the first sentence of
this           paragraph, (1) from the Administrative Agent that any Revolving
Lender           directly affected thereby has elected not to permit such renewal or
          (2) from the Administrative Agent, any Lender or Borrower that one or more
          of the applicable conditions specified in Section 4.02 are not then
          satisfied; provided, further, that the Issuing Bank may extend
the           expiry date of such Letter of Credit so long as the Borrower deposits on
terms           and in accounts satisfactory to the Issuing Bank, in the name of the
Issuing           Bank, an amount in cash equal to 105% of such Letter of Credit; provided,
further, that any and all amounts deposited by Borrower shall bear
          interest for the account of Borrower.  

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        (d)    Participations.
By the issuance of a Letter of Credit (or an amendment to           a Letter of Credit
increasing the amount thereof) and without any further action           on the part of
the Issuing Bank or the Lenders, the Issuing Bank hereby           irrevocably grants to
each Revolving Lender, and each Revolving Lender hereby           acquires from the
Issuing Bank, a participation in such Letter of Credit equal           to such Revolving
Lender’s Pro Rata Percentage of the aggregate amount           available to be drawn
under such Letter of Credit. In consideration and in           furtherance of the
foregoing, each Revolving Lender hereby absolutely and           unconditionally agrees
to pay to the Administrative Agent, for the account of           the Issuing Bank, such
Revolving Lender’s Pro Rata Percentage of each LC           Disbursement made by the
Issuing Bank and not reimbursed by Borrower on the date           due as provided in Section 2.18(e),
or of any reimbursement payment           required to be refunded to Borrower for any
reason. Each Revolving Lender           acknowledges and agrees that its obligation to
acquire participations pursuant           to this paragraph in respect of Letters of
Credit is absolute and unconditional           and shall not be affected by any
circumstance whatsoever, including any           amendment, renewal or extension of any
Letter of Credit or the occurrence and           continuance of a Default or reduction or
termination of the Commitments, or           expiration, termination or cash
collateralization of any Letter of Credit and           that each such payment shall be
made without any offset, abatement, withholding           or reduction whatsoever.  

        (e)    Reimbursement.  

	 	        (i)              If
the Issuing Bank shall make any LC Disbursement in respect of a Letter of
          Credit, Borrower shall reimburse such LC Disbursement by paying to the Issuing
          Bank an amount equal to such LC Disbursement not later than 3:00 p.m., New York
          City time, on the date that such LC Disbursement is made if Borrower shall have
          received notice of such LC Disbursement prior to 11:00 a.m., New York City
time,           on such date, or, if such notice has not been received by Borrower prior
to such           time on such date, then not later than 3:00 p.m., New York City time,
on the           Business Day immediately following the day that Borrower receives such
notice; provided that Borrower may, subject to the conditions to borrowing set
          forth herein, request in accordance with Section 2.03 that such
          payment be financed with ABR Revolving Loans or Swingline Loans in an
equivalent           amount and, to the extent so financed, Borrower’s obligation to
make such           payment shall be discharged and replaced by the resulting ABR
Revolving Loans or           Swingline Loans.  

	 	        (ii)              If
Borrower fails to make such payment when due, the Issuing Bank shall notify           the
Administrative Agent and the Administrative Agent shall notify each           Revolving
Lender of the applicable LC Disbursement, the payment then due from           Borrower in
respect thereof and such Revolving Lender’s Pro Rata Percentage           thereof.
Each Revolving Lender shall pay by wire transfer of immediately           available funds
to the Administrative Agent not later than 2:00 p.m., New York           City time, on
such date (or, if such Revolving Lender shall have received such           notice later
than 12:00 noon, New York City time, on any day, not later than           11:00 a.m., New
York City time, on the immediately following Business Day), an           amount equal to
such Revolving Lender’s Pro Rata Percentage of the           unreimbursed LC
Disbursement in the same manner as provided in Section 2.02(c)  with respect
to Revolving Loans made by such           Revolving Lender, and the Administrative Agent
will promptly pay to the Issuing           Bank the amounts so received by it from the
Revolving Lenders. The           Administrative Agent will promptly pay to the Issuing
Bank any amounts received           by it from Borrower pursuant to the above paragraph
prior to the time that any           Revolving Lender makes any payment pursuant to the
preceding sentence and any           such amounts received by the Administrative Agent
from Borrower thereafter will           be promptly remitted by the Administrative Agent
to the Revolving Lenders that           shall have made such payments and to the Issuing
Bank, as appropriate.  

-51- 

	 	        (iii)              If
any Revolving Lender shall not have made its Pro Rata Percentage of such LC
          Disbursement available to the Administrative Agent as provided above, each of
          such Revolving Lender and Borrower severally agrees to pay interest on such
          amount, for each day from and including the date such amount is required to be
          paid in accordance with the foregoing to but excluding the date such amount is
          paid, to the Administrative Agent for the account of the Issuing Bank at
          (i) in the case of Borrower, the rate per annum set forth in Section 2.18(h) and
(ii) in the case of such Lender, at a rate           determined by the
Administrative Agent in accordance with banking industry rules           or practices on
interbank compensation.  

        (f)    Obligations
Absolute. The Reimbursement Obligation of Borrower as           provided in Section 2.18(e) shall
be absolute, unconditional and           irrevocable, and shall be paid and performed
strictly in accordance with the           terms of this Agreement under any and all
circumstances whatsoever and           irrespective of (i) any lack of validity or
enforceability of any Letter of           Credit or this Agreement, or any term or
provision therein; (ii) any draft           or other document presented under a
Letter of Credit being proved to be forged,           fraudulent, invalid or insufficient
in any respect or any statement therein           being untrue or inaccurate in any
respect; (iii) payment by the Issuing           Bank under a Letter of Credit
against presentation of a draft or other document           that fails to comply with the
terms of such Letter of Credit; (iv) any           other event or circumstance
whatsoever, whether or not similar to any of the           foregoing, that might, but for
the provisions of this Section 2.18,           constitute a legal or
equitable discharge of, or provide a right of setoff           against, the obligations
of Borrower hereunder; (v) the fact that a Default           shall have occurred and
be continuing; or (vi) any material adverse change           in the business,
property, results of operations, prospects or condition,           financial or
otherwise, of Borrower and its Subsidiaries. None of the Agents,           the Lenders,
the Issuing Bank or any of their Affiliates shall have any           liability or
responsibility by reason of or in connection with the issuance or           transfer of
any Letter of Credit or any payment or failure to make any payment           thereunder
(irrespective of any of the circumstances referred to in the           preceding
sentence), or any error, omission, interruption, loss or delay in           transmission
or delivery of any draft, notice or other communication under or           relating to
any Letter of Credit (including any document required to make a           drawing
thereunder), any error in interpretation of technical terms or any           consequence
arising from causes beyond the control of the Issuing Bank; provided that the
foregoing shall not be construed to excuse the Issuing           Bank from liability to
Borrower to the extent of any direct damages (as opposed           to consequential
damages, claims in respect of which are hereby waived by           Borrower to the extent
permitted by applicable Requirements of Law) suffered by           Borrower that are
caused by the Issuing Bank’s failure to exercise care           when determining
whether drafts and other documents presented under a Letter of           Credit comply
with the terms thereof. The parties hereto expressly agree that,           in the absence
of gross negligence or willful misconduct on the part of the           Issuing Bank (as
finally determined by a court of competent jurisdiction), the           Issuing Bank
shall be deemed to have exercised care in each such determination.           In
furtherance of the foregoing and without limiting the generality thereof, the
          parties agree that, with respect to documents presented which appear on their
          face to be in substantial compliance with the terms of a Letter of Credit, the
          Issuing Bank may, in its sole discretion, either accept and make payment upon
          such documents without responsibility for further investigation, regardless of
          any notice or information to the contrary, or refuse to accept and make payment
          upon such documents if such documents are not in strict compliance with the
          terms of such Letter of Credit.  

        (g)    Disbursement
Procedures. The Issuing Bank shall, promptly following its           receipt thereof,
examine all documents purporting to represent a demand for           payment under a
Letter of Credit. The Issuing Bank shall promptly give written           notice to the
Administrative Agent and Borrower of such demand for payment and           whether the
Issuing Bank has made or will make an LC Disbursement thereunder; provided that
any failure to give or delay in giving such notice shall           not relieve Borrower
of its Reimbursement Obligation to the Issuing Bank and the           Revolving Lenders
with respect to any such LC Disbursement (other than with           respect to the timing
of such Reimbursement Obligation set forth in Section 2.18(e)).  

-52- 

        (h)    Interim
Interest. If the Issuing Bank shall make any LC Disbursement,           then, unless
Borrower shall reimburse such LC Disbursement in full on the date           such LC
Disbursement is made, the unpaid amount thereof shall bear interest           payable on
demand, for each day from and including the date such LC Disbursement           is made
to but excluding the date that Borrower reimburses such LC Disbursement,           at the
rate per annum determined pursuant to Section 2.06(c).           Interest
accrued pursuant to this paragraph shall be for the account of the           Issuing
Bank, except that interest accrued on and after the date of payment by           any
Revolving Lender pursuant to Section 2.18(e) to reimburse the
          Issuing Bank shall be for the account of such Lender to the extent of such
          payment.  

        (i)    Cash
Collateralization. If any Event of Default shall occur and be           continuing,
on the Business Day that Borrower receives notice from the           Administrative Agent
or the Required Lenders (or, if the maturity of the Loans           has been accelerated,
Revolving Lenders with LC Exposure representing greater           than 50% of the total
LC Exposure) demanding the deposit of cash collateral           pursuant to this
paragraph, Borrower shall deposit on terms and in accounts           satisfactory to the
Collateral Agent, in the name of the Collateral Agent and           for the benefit of
the Revolving Lenders, an amount in cash equal to the LC           Exposure as of such
date plus any accrued and unpaid interest thereon; provided that the obligation to
deposit such cash collateral shall become           effective immediately, and such
deposit shall become immediately due and           payable, without demand or other
notice of any kind, upon the occurrence of any           Event of Default with respect to
Borrower described in Section 8.01(g) or (h). Funds so deposited shall be
applied by the Collateral Agent to           reimburse the Issuing Bank for LC
Disbursements for which it has not been           reimbursed and, to the extent not so
applied, shall be held for the satisfaction           of outstanding Reimbursement
Obligations or, if the maturity of the Loans has           been accelerated (but subject
to the consent of Revolving Lenders with LC           Exposure representing greater than
50% of the total LC Exposure), be applied to           satisfy other Obligations of
Borrower under this Agreement. If Borrower is           required to provide an amount of
cash collateral hereunder as a result of the           occurrence of an Event of Default,
such amount plus all accrued interest           or realized profits with respect
to such amounts (to the extent not applied as           aforesaid) shall be returned to
Borrower within three Business Days after all           Events of Default have been cured
or waived.  

        (j)    Additional
Issuing Banks. Borrower may, at any time and from time to           time, designate
one or more additional Revolving Lenders to act as an issuing           bank under the
terms of this Agreement, with the consent of the Administrative           Agent (which
consent shall not be unreasonably withheld), the Issuing Bank and           such
Revolving Lender(s). Any Lender designated as an issuing bank pursuant to           this
paragraph (j) shall be deemed (in addition to being a Revolving           Lender) to
be the Issuing Bank with respect to Letters of Credit issued or to be           issued by
such Revolving Lender, and all references herein and in the other Loan
          Documents to the term “Issuing Bank” shall, with respect to such
          Letters of Credit, be deemed to refer to such Revolving Lender in its capacity
          as Issuing Bank, as the context shall require.  

        (k)    Resignation
or Removal of the Issuing Bank. The Issuing Bank may resign           as Issuing Bank
hereunder at any time upon at least 30 days’ prior           notice to the
Lenders, the Administrative Agent and Borrower. The Issuing Bank           may be
replaced at any time by written agreement among Borrower, each Agent, the
          replaced Issuing Bank and the successor Issuing Bank. The Administrative Agent
          shall notify the Lenders of any such replacement of the Issuing Bank or any
such           additional Issuing Bank. At the time any such resignation or replacement
shall           become effective, Borrower shall pay all unpaid fees accrued for the
account of           the replaced Issuing Bank pursuant to Section 2.05(c).
From and           after the effective date of any such resignation or replacement or
addition, as           applicable, (i) the successor or additional Issuing Bank
shall have all the           rights and obligations of the Issuing Bank under this
Agreement with respect to           Letters of Credit to be issued by it thereafter and
(ii) references herein           to the term “Issuing Bank” shall be
deemed to refer to such successor           or such addition or to any previous Issuing
Bank, or to such successor or such           addition and all previous Issuing Banks, as
the context shall require. After the           resignation or replacement of an Issuing
Bank hereunder, the replaced Issuing           Bank shall remain a party hereto and shall
continue to have all the rights and           obligations of an Issuing Bank under this
Agreement with respect to Letters of           Credit issued by it prior to such
resignation or replacement, but shall not be           required to issue additional
Letters of Credit. If at any time there is more           than one Issuing Bank
hereunder, Borrower may, in its discretion, select which           Issuing Bank is to
issue any particular Letter of Credit.  

-53- 

        (l)    Other. The
Issuing Bank shall be under no obligation to issue any Letter           of Credit if  

	 	        (i)              any
order, judgment or decree of any Governmental Authority or arbitrator shall           by
its terms purport to enjoin or restrain the Issuing Bank from issuing such
          Letter of Credit, or any Requirement of Law applicable to the Issuing Bank or
          any request or directive (whether or not having the force of law) from any
          Governmental Authority with jurisdiction over the Issuing Bank shall prohibit,
          or request that the Issuing Bank refrain from, the issuance of letters of
credit           generally or such Letter of Credit in particular or shall impose upon
the           Issuing Bank with respect to such Letter of Credit any restriction, reserve
or           capital requirement (for which the Issuing Bank is not otherwise compensated
          hereunder) not in effect on the Closing Date, or shall impose upon the Issuing
          Bank any unreimbursed loss, cost or expense which was not applicable on the
          Closing Date and which the Issuing Bank in good faith deems material to it; or  

	 	        (ii)              the
issuance of such Letter of Credit would violate one or more policies of the
          Issuing Bank.  

The Issuing Bank shall be under no
obligation to amend any Letter of Credit if (A) the Issuing Bank 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. 

ARTICLE III  

REPRESENTATIONS AND
WARRANTIES 

        Each
Loan Party represents and warrants to the Administrative Agent, the Collateral Agent, the
Issuing Bank and each of the Lenders (with references to the Companies being references
thereto after giving effect to the Transactions unless otherwise expressly stated) that: 

        SECTION
3.01    Organization; Powers. Each Company
(a) is duly organized and validly existing under the laws of the jurisdiction of its
organization, (b) has all requisite power and authority to carry on its business as
now conducted and to own and lease its property and (c) is qualified and in good
standing (to the extent such concept is applicable in the applicable jurisdiction) to do
business in every jurisdiction where such qualification is required, except in such
jurisdictions where the failure to so qualify or be in good standing, individually or in
the aggregate, could not reasonably be expected to result in a Material Adverse Effect.
There is no existing default under any Organizational Document of any Company or any
event which, with the giving of notice or passage of time or both, would constitute a
default by any party thereunder.  

-54- 

        SECTION
3.02    Authorization; Enforceability. The
Transactions to be entered into by each Loan Party are within such Loan Party’s
powers and have been duly authorized by all necessary action on the part of such Loan
Party. This Agreement has been duly executed and delivered by each Loan Party and
constitutes, and each other Loan Document to which any Loan Party is to be a party, when
executed and delivered by such Loan Party, will constitute, a legal, valid and binding
obligation of such Loan Party, enforceable in accordance with its terms, subject to
applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting
creditors’ rights generally and subject to general principles of equity, regardless
of whether considered in a proceeding in equity or at law.  

        SECTION
3.03    No Conflicts. Except as set forth on
Schedule 3.03, the Transactions (a) do not require any consent or
approval of, registration or filing with, or any other action by, any Governmental
Authority, except (i) such as have been obtained or made and are in full force and
effect, (ii) filings necessary to perfect Liens created by the Loan Documents and
(iii) consents, approvals, registrations, filings, permits or actions the failure to
obtain or perform which could not reasonably be expected to result in a Material Adverse
Effect, (b) will not violate the Organizational Documents of any Company, (c) will
not violate any Requirement of Law, (d) will not violate or result in a default or
require any consent or approval under any indenture, agreement or other instrument
binding upon any Company or its property, or give rise to a right thereunder to require
any payment to be made by any Company, except for violations, defaults or the creation of
such rights that could not reasonably be expected to result in a Material Adverse Effect,
and (e) will not result in the creation or imposition of any Lien on any property of
any Company, except Liens created by the Loan Documents and Permitted Liens.  

        SECTION
3.04     Financial Statements; Projections.  

        (a)    Historical
Financial Statements. Borrower has heretofore delivered to the           Lenders the
consolidated balance sheets and related statements of income,           stockholders’ equity
and cash flows of Borrower (i) as of and for the           fiscal year ended
December 31, 2005, audited by and accompanied by the           unqualified opinion of
Ernst & Young LLP, independent public accountants,           and (ii) as of and
for the nine-month period ended September 30, 2006 and           for the comparable
period of the preceding fiscal year, in each case, certified           by the chief
financial officer of Borrower. Such financial statements and all           financial
statements delivered pursuant to Sections 5.01(a), (b) and (c) have
been prepared in accordance with GAAP and present           fairly and accurately the
financial condition and results of operations and cash           flows of Borrower as of
the dates and for the periods to which they relate.  

        (b)    No
Liabilities. Except as set forth in the financial statements referred           to in
Section 3.04(a), there are no liabilities of any Company of any           kind,
whether accrued, contingent, absolute, determined, determinable or           otherwise,
which could reasonably be expected to result in a Material Adverse           Effect, and
there is no existing condition, situation or set of circumstances           which could
reasonably be expected to result in such a liability, other than           liabilities
under the Loan Documents. Except as publicly disclosed at least five           (5) days
prior to the Closing Date, since December 31, 2005, there has been no           event,
change, circumstance or occurrence that, individually or in the           aggregate, has
had or could reasonably be expected to result in a Material           Adverse Effect.  

-55- 

        (c)    Pro
Forma Financial Statements. Borrower has heretofore delivered to the
          Lenders Borrower’s unaudited pro forma consolidated balance sheet
          and statements of income and cash flows and pro forma EBITDA, as of and
          for the nine-month period ended September 30, 2006, in each case after giving
          effect to the Transactions as if they had occurred on such date in the case of
          the balance sheet and as of the beginning of all periods presented in the case
          of the statements of income and cash flows. Such pro forma financial
          statements have been prepared in good faith by the Loan Parties, based on the
          assumptions stated therein (which assumptions are believed by the Loan Parties
          on the date hereof and on the Closing Date to be reasonable), are based on the
          best information available to the Loan Parties as of the date of delivery
          thereof, accurately reflect all adjustments required to be made to give effect
          to the Transactions, and in accordance with Regulation S-X, and present fairly
          in all material respects the pro forma consolidated financial position
          and results of operations of Borrower as of such date and for such periods,
          assuming that the Transactions had occurred at such dates.  

        (d)    Forecasts.
The forecasts of financial performance of Borrower and its           subsidiaries
furnished to the Lenders have been prepared in good faith by           Borrower and based
on assumptions believed by Borrower to be reasonable.  

        SECTION
3.05     Properties.  

        (a)    Generally.
Each Company has good title to, or valid leasehold interests           in, all its
property material to its business, free and clear of all Liens           except for, in
the case of Collateral, Permitted Collateral Liens and, in the           case of all
other material property, Permitted Liens and minor irregularities or
          deficiencies in title that, individually or in the aggregate, do not interfere
          with its ability to conduct its business as currently conducted or to utilize
          such property for its intended purpose. The property of the Companies, taken as
          a whole, (i) is in good operating order, condition and repair (ordinary
          wear and tear excepted) and (ii) constitutes all the property which is
          required for the business and operations of the Companies as presently
          conducted.  

        (b)    No
Casualty Event. No Company has received any notice of, nor has any
          knowledge of, the occurrence or pendency or contemplation of any Casualty Event
          affecting all or any portion of its property.  

        (c)    Collateral.
Each Company owns or has rights to use all of the Collateral           and all rights
with respect to any of the foregoing used in, necessary for or           material to each
Company’s business as currently conducted. The use by each           Company of such
Collateral and all such rights with respect to the foregoing do           not infringe on
the rights of any person other than such infringement which           could not,
individually or in the aggregate, reasonably be expected to result in           a
Material Adverse Effect. No claim has been made and remains outstanding that
          any Company’s use of any Collateral does or may violate the rights of any
          third party that could, individually or in the aggregate, reasonably be
expected           to result in a Material Adverse Effect.  

        SECTION
3.06    Intellectual Property. Each Loan
Party owns, or is licensed to use, all patents, patent applications, trademarks, trade
names, service marks, copyrights, technology, trade secrets, proprietary information,
domain names, know-how and processes necessary for the conduct of its business as
currently conducted (the “Intellectual Property”), except for those the
failure to own or license which, individually or in the aggregate, could not reasonably
be expected to result in a Material Adverse Effect. No claim, which could reasonably be
expected to result in a Material Adverse Effect, has been asserted and is pending by any
person challenging or questioning the use of any such Intellectual Property or the
validity or effectiveness of any such Intellectual Property, nor does any Loan Party know
of any valid basis for any such claim. The use of such Intellectual Property by each Loan
Party does not infringe the rights of any person, except for such claims and
infringements that, individually or in the aggregate, could not reasonably be expected to
result in a Material Adverse Effect.  

-56-   

        SECTION
3.07     Equity Interests and Subsidiaries.  

        (a)    Equity
Interests. Schedules 1(a) and 10(a) to the           Perfection
Certificate dated the Closing Date set forth a list of (i) all           the
Subsidiaries of Borrower and their jurisdictions of organization as of the
          Closing Date and (ii) the number of each class of its Equity Interests
          authorized, and the number outstanding, on the Closing Date and the number of
          shares covered by all outstanding options, warrants, rights of conversion or
          purchase and similar rights at the Closing Date. All Equity Interests of each
          Company are duly and validly issued and are fully paid and non-assessable,
          except as required by Section 180.0622(2)(b) of the Wisconsin Business
          Corporation Law, to the extent such statute is applicable, and, other than the
          Equity Interests of Borrower, are owned by Borrower, directly or indirectly
          through Wholly Owned Subsidiaries. Each Loan Party is the record and beneficial
          owner of, and has good and marketable title to, the Equity Interests pledged by
          it under the Security Agreement, free of any and all Liens, rights or claims of
          other persons, except the security interest created by the Security Agreement,
          and there are no outstanding warrants, options or other rights to purchase, or
          shareholder, voting trust or similar agreements outstanding with respect to, or
          property that is convertible into, or that requires the issuance or sale of,
any           such Equity Interests.  

        (b)    No
Consent of Third Parties Required. No consent of any person including           any
other general or limited partner, any other member of a limited liability
          company, any other shareholder or any other trust beneficiary is necessary or
          reasonably desirable (from the perspective of a secured party) in connection
          with the creation, perfection or first priority status of the security interest
          of the Collateral Agent in any Equity Interests pledged to the Collateral Agent
          for the benefit of the Secured Parties under the Security Agreement or the
          exercise by the Collateral Agent of the voting or other rights provided for in
          the Security Agreement or the exercise of remedies in respect thereof.  

        (c)    Organizational
Chart. An accurate organizational chart, showing the           ownership structure of
Borrower and each Subsidiary on the Closing Date, and           after giving effect to
the Transactions, is set forth on Schedule 10(a)          to the Perfection
Certificate dated the Closing Date.  

        SECTION
3.08    Litigation; Compliance with Laws.
There are no actions, suits or proceedings at law or in equity by or before any
Governmental Authority now pending or, to the knowledge of any Company, threatened
against or affecting any Company or any business, property or rights of any Company (i) that
involve any Loan Document or any of the Transactions or (ii) as to which there is a
reasonable possibility of an adverse determination and that, if adversely determined,
could reasonably be expected, individually or in the aggregate, to result in a Material
Adverse Effect. Except for matters covered by Section 3.17, no Company or any
of its property is in violation of, nor will the continued operation of its property as
currently conducted violate, any Requirements of Law (including any zoning or building
ordinance, code or approval or any building permits) or any restrictions of record or
agreements affecting any Company’s Real Property or is in default with respect to
any Requirement of Law, where such violation or default, individually or in the
aggregate, could reasonably be expected to result in a Material Adverse Effect.  

        SECTION
3.09    Agreements. No Company is a party to
any agreement or instrument or subject to any corporate or other constitutional
restriction that has resulted or could reasonably be expected to result in a Material
Adverse Effect. No Company is in default in any manner under any provision of any
indenture or other agreement or instrument evidencing Indebtedness, or any other
agreement or instrument to which it is a party or by which it or any of its property is
or may be bound, where such default could reasonably be expected to result in a Material
Adverse Effect, and no condition exists which, with the giving of notice or the lapse of
time or both, would constitute such a default. Schedule 3.09 accurately and
completely lists all material agreements (other than leases of Real Property) to which
any Company is a party which are in effect on the date hereof in connection with the
operation of the business conducted thereby.  

-57- 

        SECTION
3.10    Federal Reserve Regulations. No
Company is engaged principally, or as one of its important activities, in the business of
extending credit for the purpose of buying or carrying Margin Stock. No part of the
proceeds of any Loan or any Letter of Credit by Borrower or any of its Subsidiaries will
be used, whether directly or indirectly, and whether immediately, incidentally or
ultimately, for any purpose that entails a violation of, or that is inconsistent with,
the provisions of the regulations of the Board, including Regulation T, U or X. The
pledge of the Securities Collateral pursuant to the Security Agreement does not violate
such regulations.  

        SECTION
3.11    Investment Company Act. No Company
is an “investment company” or a company “controlled” by an “investment
company,” as defined in, or subject to regulation under, the Investment Company Act
of 1940, as amended.  

        SECTION
3.12    Use of Proceeds. Borrower will use
the proceeds of (a) the Term Loans to finance the Transactions and (b) the
Revolving Loans and Swingline Loans after the Closing Date for working capital and
general corporate purposes (including to effect Permitted Acquisitions) (it being
understood that no Revolving Loans shall be made on the Closing Date).  

        SECTION
3.13    Taxes. Each Company has (a) timely
filed or caused to be timely filed all federal Tax Returns and all material state, local
and foreign Tax Returns or materials required to have been filed by it and all such Tax
Returns are true and correct in all material respects and (b) duly and timely paid,
collected or remitted or caused to be duly and timely paid, collected or remitted all
Taxes (whether or not shown on any Tax Return) due and payable, collectible or remittable
by it and all assessments received by it, except Taxes (i) that are being contested
in good faith by appropriate proceedings and for which such Company has set aside on its
books adequate reserves in accordance with GAAP and (ii) which could not,
individually or in the aggregate, have a Material Adverse Effect. Each Company has made
adequate provision in accordance with GAAP for all Taxes not yet due and payable. Each
Company is unaware of any proposed or pending tax assessments, deficiencies or audits
that could be reasonably expected to, individually or in the aggregate, result in a
Material Adverse Effect. No Company has ever been a party to any understanding or
arrangement constituting a “tax shelter” within the meaning of Section 6111(c),
Section 6111(d) or Section 6662(d)(2)(C)(iii) of the Code, or has ever “participated” in
a “reportable transaction” within the meaning of Treasury Regulation Section
1.6011-4, except as could not be reasonably expected to, individually or in the
aggregate, result in a Material Adverse Effect.  

        SECTION
3.14    No Material Misstatements. No
information, report, financial statement, certificate, Borrowing Request, LC Request,
exhibit or schedule furnished by or on behalf of any Company to the Administrative Agent
or any Lender in connection with the negotiation of any Loan Document or included therein
or delivered pursuant thereto, taken as a whole, or the Confidential Information
Memorandum contained or contains any material misstatement of fact or omitted or omits to
state any material fact necessary to make the statements therein, in the light of the
circumstances under which they were or are made, not misleading as of the date such
information is dated or certified; provided that to the extent any such
information, report, financial statement, exhibit or schedule was based upon or
constitutes a forecast or projection, each Company represents only that it acted in good
faith and utilized reasonable assumptions and due care in the preparation of such
information, report, financial statement, exhibit or schedule.  

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        SECTION
3.15    Solvency. Immediately after the
consummation of the Transactions to occur on the Closing Date and immediately following
the making of each Loan and after giving effect to the application of the proceeds of
each Loan, (a) the fair value of the properties of each Loan Party (determined using
information of Borrower and Borrower and its Subsidiaries, taken as a whole) will exceed
its debts and liabilities, subordinated, contingent or otherwise; (b) the present
fair saleable value of the property of each Loan Party (determined using information of
Borrower and Borrower and its Subsidiaries, taken as a whole) will be greater than the
amount that will be required to pay the probable liability of its debts and other
liabilities, subordinated, contingent or otherwise, as such debts and other liabilities
become absolute and matured; (c) each Loan Party (determined using information of
Borrower and Borrower and its Subsidiaries, taken as a whole) will be able to pay its
debts and liabilities, subordinated, contingent or otherwise, as such debts and
liabilities become absolute and matured; and (d) each Loan Party (determined using
information of Borrower and Borrower and its Subsidiaries, taken as a whole) will not
have unreasonably small capital with which to conduct its business in which it is engaged
as such business is now conducted and is proposed to be conducted following the Closing
Date.  

        SECTION
3.16    Employee Benefit Plans. Each Company
and its ERISA Affiliates is in compliance in all material respects with the applicable
provisions of ERISA and the Code and the regulations and published interpretations
thereunder. No ERISA Event has occurred or is reasonably expected to occur that, when
taken together with all other such ERISA Events, could reasonably be expected to result
in material liability of any Company or any of its ERISA Affiliates or the imposition of
a Lien on any of the property of any Company. The present value of all accumulated
benefit obligations of all underfunded Plans (based on the assumptions used for purposes
of Statement of Financial Accounting Standards No. 87) did not, as of the date of
the most recent financial statements reflecting such amounts, exceed by more than
$250,000 the fair market value of the property of all such underfunded Plans. Using
actuarial assumptions and computation methods consistent with subpart I of subtitle E of
Title IV of ERISA, the aggregate liabilities of each Company or its ERISA Affiliates to
all Multiemployer Plans in the event of a complete withdrawal therefrom, as of the close
of the most recent fiscal year of each such Multiemployer Plan, could not reasonably be
expected to result in a Material Adverse Effect.  

        To
the extent applicable, each Foreign Plan has been maintained in substantial compliance
with its terms and with the requirements of any and all applicable Requirements of Law and
has been maintained, where required, in good standing with applicable regulatory
authorities. No Company has incurred any material obligation in connection with the
termination of or withdrawal from any Foreign Plan. The present value of the accrued
benefit liabilities (whether or not vested) under each Foreign Plan which is funded,
determined as of the end of the most recently ended fiscal year of the respective Company
on the basis of actuarial assumptions, each of which is reasonable, did not exceed the
current value of the property of such Foreign Plan, and for each Foreign Plan which is not
funded, the obligations of such Foreign Plan are properly accrued. 

        SECTION
3.17    Environmental Matters.  

        (a)              Except
as set forth in Schedule 3.17 and except as, individually or           in the
aggregate, could not reasonably be expected to result in a Material           Adverse
Effect:  

-59- 

	 	        (i)              The
Companies and their businesses, operations and Real Property are in           compliance
with, and the Companies have no liability under, any applicable           Environmental
Law; and under the currently effective business plan of the           Companies, no
expenditures or operational adjustments will be required in order           to comply
with applicable Environmental Laws during the next five years;  

	 	        (ii)              The
Companies have obtained all Environmental Permits required for the conduct           of
their businesses and operations, and the ownership, operation and use of           their
property, under Environmental Law, all such Environmental Permits are           valid and
in good standing and, under the currently effective business plan of           the
Companies, no expenditures or operational adjustments will be required in           order
to renew or modify such Environmental Permits during the next five years;  

	 	        (iii)              There
has been no Release or threatened Release of Hazardous Material on, at,           under
or from any Real Property or facility presently or formerly owned, leased           or
operated by the Companies or their predecessors in interest that could result
          in liability by the Companies under any applicable Environmental Law;  

	 	        (iv)              There
is no Environmental Claim pending or, to the knowledge of the Companies,
          threatened against the Companies, or relating to the Real Property currently or
          formerly owned, leased or operated by the Companies or their predecessors in
          interest or relating to the operations of the Companies, and there are no
          actions, activities, circumstances, conditions, events or incidents that could
          form the basis of such an Environmental Claim; and  

	 	        (v)              No
person with an indemnity or contribution obligation to the Companies relating
          to compliance with or liability under Environmental Law is in default with
          respect to such obligation.  

        (b)              Except
as set forth in Schedule 3.17 and except as, individually or           in the
aggregate, could not reasonably be expected to result in a Material           Adverse
Effect:  

	 	        (i)              No
Company is obligated to perform any action or otherwise incur any expense           under
Environmental Law pursuant to any order, decree, judgment or agreement by           which
it is bound or has assumed by contract, agreement or operation of law, and           no
Company is conducting or financing any Response pursuant to any Environmental
          Law with respect to any Real Property or any other location;  

	 	        (ii)              No
Real Property or facility owned, operated or leased by the Companies and, to
          the knowledge of the Companies, no Real Property or facility formerly owned,
          operated or leased by the Companies or any of their predecessors in interest is
          (i) listed or proposed for listing on the National Priorities List
          promulgated pursuant to CERCLA or (ii) listed on the Comprehensive
          Environmental Response, Compensation and Liability Information System
          promulgated pursuant to CERCLA or (iii) included on any similar list
          maintained by any Governmental Authority including any such list relating to
          petroleum;  

	 	        (iii)              No
Lien has been recorded or, to the knowledge of any Company, threatened under
          any Environmental Law with respect to any Real Property or other assets of the
          Companies;  

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	 	        (iv)              The
execution, delivery and performance of this Agreement and the consummation           of
the transactions contemplated hereby will not require any notification,
          registration, filing, reporting, disclosure, investigation, remediation or
          cleanup pursuant to any Governmental Real Property Disclosure Requirements or
          any other applicable Environmental Law; and  

	 	        (v)              The
Companies have made available to the Lenders all material records and files           in
the possession, custody or control of, or otherwise reasonably available to,
          the Companies concerning compliance with or liability under Environmental Law,
          including those concerning the actual or suspected existence of Hazardous
          Material at Real Property or facilities currently or formerly owned, operated,
          leased or used by the Companies.      

        SECTION
3.18     Security Documents.  

        (a)    Security
Agreement. The Security Agreement is effective to create in           favor of the
Collateral Agent for the benefit of the Secured Parties, legal,           valid and
enforceable Liens on, and security interests in, the Security           Agreement
Collateral and, when (i) financing statements and other filings           in
appropriate form are filed in the offices specified on Schedule 2          to
the Perfection Certificate and (ii) upon the taking of possession or
          control by the Collateral Agent of the Security Agreement Collateral with
          respect to which a security interest may be perfected only by possession or
          control (which possession or control shall be given to the Collateral Agent to
          the extent possession or control by the Collateral Agent is required by each
          Security Agreement), the Liens created by the Security Agreement shall
          constitute first priority, fully perfected Liens on, and security interests in,
          all right, title and interest of the grantors in the Security Agreement
          Collateral (other than such Security Agreement Collateral in which a security
          interest cannot be perfected under the UCC as in effect at the relevant time in
          the relevant jurisdiction), in each case subject to no Liens other than
          Permitted Collateral Liens.  

        (b)    Valid
Liens. Each Security Document delivered pursuant to Sections 5.11 and 5.12 will,
upon execution and delivery           thereof, be effective to create in favor of the
Collateral Agent, for the           benefit of the Secured Parties, legal, valid and
enforceable Liens on, and           security interests in, all of the Loan Parties’ right,
title and interest           in and to the Collateral thereunder, and (i) when all
appropriate filings           or recordings are made in the appropriate offices as may be
required under           applicable law and (ii) upon the taking of possession or
control by the           Collateral Agent of such Collateral with respect to which a
security interest           may be perfected only by possession or control (which
possession or control           shall be given to the Collateral Agent to the extent
required by any Security           Document), such Security Document will constitute
first priority, fully           perfected Liens on, and security interests in, all right,
title and interest of           the Loan Parties in such Collateral, in each case subject
to no Liens other than           the applicable Permitted Collateral Liens.  

        SECTION
3.19    Anti-Terrorism Law.  

        (a)              No
Loan Party and, to the knowledge of the Loan Parties, none of its Affiliates           is
in violation of any Requirement of Law relating to terrorism or money
          laundering (“Anti-Terrorism Laws”), including Executive Order
          No. 13224 on Terrorist Financing, effective September 24, 2001 (the
          “Executive Order”), and the Uniting and Strengthening America
          by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act
          of 2001, Public Law 107-56.  

        (b)              No
Loan Party and to the knowledge of the Loan Parties, no Affiliate or broker           or
other agent of any Loan Party acting or benefiting in any capacity in
          connection with the Loans is any of the following:  

-61- 

	 	        (i)              a
person that is listed in the annex to, or is otherwise subject to the
          provisions of, the Executive Order;  

	 	        (ii)              a
person owned or controlled by, or acting for or on behalf of, any person that
          is listed in the annex to, or is otherwise subject to the provisions of, the
          Executive Order;  

	 	        (iii)              a
person with which any Lender is prohibited from dealing or otherwise engaging
          in any transaction by any Anti-Terrorism Law;  

	 	        (iv)              a
person that commits, threatens or conspires to commit or supports           “terrorism” as
defined in the Executive Order; or  

	 	        (v)              a
person that is named as a “specially designated national and blocked           person” on
the most current list published by the U.S. Treasury Department           Office of
Foreign Assets Control (“OFAC”) at its official           website or any
replacement website or other replacement official publication of           such list.  

        (c)              No
Loan Party and, to the knowledge of the Loan Parties, no broker or other           agent
of any Loan Party acting in any capacity in connection with the Loans           (i) conducts
any business or engages in making or receiving any           contribution of funds, goods
or services to or for the benefit of any person           described in paragraph (b)
above, (ii) deals in, or otherwise engages           in any transaction relating to,
any property or interests in property blocked           pursuant to the Executive Order,
or (iii) engages in or conspires to engage           in any transaction that evades
or avoids, or has the purpose of evading or           avoiding, or attempts to violate,
any of the prohibitions set forth in any           Anti-Terrorism Law.  

ARTICLE IV  

CONDITIONS TO CREDIT
EXTENSIONS 

        SECTION
4.01    Conditions to Initial Credit Extension.
The obligation of each Lender and, if applicable, each Issuing Bank to fund the initial
Credit Extension requested to be made by it shall be subject to the prior or concurrent
satisfaction of each of the conditions precedent set forth in this Section 4.01.  

        (a)    Loan
Documents. All legal matters incident to this Agreement, the Credit
          Extensions hereunder and the other Loan Documents shall be reasonably
          satisfactory to the Lenders, to the Issuing Bank and to the Administrative
Agent           and there shall have been delivered to the Administrative Agent an
executed           counterpart of each of the Loan Documents and the Perfection
Certificate.  

        (b)    Corporate
Documents. The Administrative Agent shall have received:  

	 	        (i)              a
certificate of the secretary or assistant secretary of each Loan Party dated
          the Closing Date, certifying (A) that attached thereto is a true and
          complete copy of each Organizational Document of such Loan Party certified (to
          the extent applicable) as of a recent date by the Secretary of State of the
          state of its organization, (B) that attached thereto is a true and
complete           copy of resolutions duly adopted by the Board of Directors of such
Loan Party           authorizing the execution, delivery and performance of the Loan
Documents to           which such person is a party and, in the case of Borrower, the
borrowings           hereunder, and that such resolutions have not been modified,
rescinded or           amended and are in full force and effect and (C) as to the
incumbency and           specimen signature of each officer executing any Loan Document
or any other           document delivered in connection herewith on behalf of such Loan
Party (together           with a certificate of another officer as to the incumbency and
specimen           signature of the secretary or assistant secretary executing the
certificate in           this clause (i));  

-62- 

	 	        (ii)              a
certificate as to the good standing of each Loan Party (in so-called           “long-form” if
available) as of a recent date, from such Secretary of           State (or other
applicable Governmental Authority); and  

	 	        (iii)              such
other documents as the Lenders, the Issuing Bank or the Administrative           Agent
may reasonably request.  

        (c)    Officers’ Certificate.
The Administrative Agent shall have received           a certificate, dated the Closing
Date and signed by the chief executive officer           and the chief financial officer
of Borrower, confirming compliance with the           conditions precedent set forth in
this Section 4.01 and Sections 4.02(b), (c) and (d). 

        (d)    Financings
and Other Transactions, etc.  

	 	        (i)              The
Transactions shall have been consummated or shall be consummated           simultaneously
on the Closing Date, in each case in all material respects in           accordance with
the terms hereof and the terms of the Transaction Documents,           without the waiver
or amendment of any such terms not approved by the           Administrative Agent and the
Arranger other than any waiver or amendment thereof           that is not materially
adverse to the interests of the Lenders.  

	 	        (ii)              The
Dividend Payment shall occur substantially concurrently with the initial
          funding of the Facilities in accordance with all Requirements of Law.  

	 	        (iii)              The
Refinancing shall have been consummated in full to the satisfaction of the
          Lenders with all liens in favor of the existing lenders being unconditionally
          released; the Administrative Agent shall have received a “pay-off”          letter
in form and substance reasonably satisfactory to the Administrative Agent           with
respect to all debt being refinanced in the Refinancing; and the           Administrative
Agent shall have received from any person holding any Lien           securing any such
debt, such UCC termination statements, in each case in proper           form for
recording, as the Administrative Agent shall have reasonably requested           to
release and terminate of record the Liens securing such debt.  

        (e)    Financial
Statements; Pro Forma Balance Sheet; Projections. The Lenders           shall have
received and shall be satisfied with,  

	 	        (i)              unaudited
consolidated and consolidating balance sheets and related statements           of income,
stockholders’ equity and cash flows of the Borrower for the           fiscal quarter
of the current fiscal year ending more than 30 days prior to the           Closing Date
and for the comparable periods of the preceding fiscal year (the           “Unaudited
Financial Statements”) (with respect to which the           independent auditors
shall have performed an SAS 100 review);  

	 	        (ii)              unaudited
consolidated balance sheets and related statements of income of the           Borrower
for each fiscal month ending more than 20 days after the last fiscal           quarter
covered by the Unaudited Financial Statements and for the comparable           periods of
the preceding fiscal year;  

-63- 

	 	        (iii)              a pro
forma consolidated and consolidating balance sheet and related           statements of
income and cash flows for Borrower (the “Pro Forma           Financial Statements”),
as well as pro forma levels of EBITDA           (“Pro Forma EBITDA”),
for the last fiscal year covered by the           audited financial statements and for
the latest twelve-month period ending more           than 15 days prior to the
Closing Date, in each case after giving effect to           the Transactions; and  

	 	        (iv)              forecasts
of the financial performance of Borrower and its Subsidiaries on an           annual
basis, through 2013.  

The financial statements referred to
in clauses (i) and (ii) shall be prepared in accordance with accounting principles
generally accepted in the United States. The Pro Forma Financial Statements and the Pro
Forma EBITDA shall be consistent in all material respects with the sources and uses
described in the Commitment Letter and the forecasts provided to the Lenders prior to the
date of the Commitment Letter. The Pro Forma Financial Statements shall be prepared on a
basis consistent with pro forma financial statements set forth in a registration statement
filed with the Securities and Exchange Commission. 

        (f)    Indebtedness
and Minority Interests. After giving effect to the           Transactions and the
other transactions contemplated hereby, no Company shall           have outstanding any
Indebtedness or preferred stock other than (i) the           Loans and Credit
Extensions hereunder, (ii) the Indebtedness listed on Schedule 6.01(b) and
(iii) Indebtedness owed to Borrower or any           Guarantor.  

        (g)    Opinions
of Counsel. The Administrative Agent shall have received, on           behalf of
itself, the other Agents, the Arranger, the Lenders and the Issuing           Bank, a
favorable written opinion of (i) Foley & Lardner LLP, special           counsel for
the Loan Parties, (ii) each local counsel listed on Schedule 4.01(g), in
each case (A) dated the Closing Date,           (B) addressed to the Agents,
the Issuing Bank and the Lenders and           (C) shall be in form and substance
reasonably satisfactory to the           Administrative Agent.  

        (h)    Solvency
Certificate. The Administrative Agent shall have received a           solvency
certificate in the form of Exhibit O, dated the Closing           Date and
signed by the chief financial officer (or if no chief financial officer           exists,
an officer) of the Borrower and the Guarantors, taken as a whole.  

        (i)    Requirements
of Law. The Lenders shall be satisfied that the Borrower,           its Subsidiaries
and the Transactions shall be in full compliance, except where           failure to
comply has not had or could not reasonably be expected to have a           material
adverse effect on the business, results of operations or financial           condition of
Borrower and its Subsidiaries, taken as whole, with all material           Requirements
of Law, including Regulations T, U and X of the Board, and shall           have received
satisfactory evidence of such compliance reasonably requested by           them. All
necessary governmental and material third party approvals in           connection with
the Transactions shall have been obtained and shall be in           effect.  

        (j)    Consents.
The Lenders shall be satisfied that all requisite Governmental           Authorities and
third parties shall have approved or consented to the           Transactions, and there
shall be no governmental or judicial action, actual or           threatened, that has or
would have, singly or in the aggregate, a reasonable           likelihood of restraining,
preventing or imposing burdensome conditions on the           Transactions or the other
transactions contemplated hereby.  

        (k)    Litigation.
There shall be no litigation, public or private, or           administrative proceedings,
governmental investigation or other legal or           regulatory developments, actual or
threatened, that, singly or in the aggregate,           could reasonably be expected to
result in a Material Adverse Effect, or could           materially and adversely affect
the ability of Borrower and the Subsidiaries to           fully and timely perform their
respective obligations under the Transaction           Documents, or the ability of the
parties to consummate the financings           contemplated hereby or the other
Transactions.  

-64- 

        (l)    Sources
and Uses. The sources and uses of the Loans shall be as set forth           in Section
3.12.  

        (m)    Fees.
The Arranger and Administrative Agent shall have received all Fees           and other
amounts due and payable on or prior to the Closing Date, including, to           the
extent invoiced, reimbursement or payment of all out-of-pocket expenses
          (including the legal fees and expenses of Skadden, Arps, Slate, Meagher &          Flom LLP,
special counsel to the Agents, and the fees and expenses of any           local counsel,
foreign counsel, appraisers, consultants and other advisors)           required to be
reimbursed or paid by Borrower hereunder or under any other Loan           Document.
Except as otherwise agreed, the fees and expense of the Transactions           shall not
exceed $10,000,000.  

        (n)    Personal
Property Requirements. The Collateral Agent shall have received:  

	 	        (i)              subject
to Section 5.16, all certificates, agreements or instruments
          representing or evidencing the Securities Collateral accompanied by instruments
          of transfer and stock powers undated and endorsed in blank;  

	 	        (ii)              UCC
financing statements in appropriate form for filing under the UCC and such
          other documents under applicable Requirements of Law in each jurisdiction as
may           be necessary or appropriate or, in the opinion of the Collateral Agent,
          desirable to perfect the Liens created, or purported to be created, by the
          Security Documents and, with respect to all UCC financing statements required
to           be filed pursuant to the Loan Documents, evidence satisfactory to the
          Administrative Agent that Borrower has retained, at its sole cost and expense,
a           service provider acceptable to the Administrative Agent for the tracking of
all           such financing statements and notification to the Administrative Agent, of,
          among other things, the upcoming lapse or expiration thereof;  

	 	        (iii)              certified
copies of UCC, tax and judgment lien searches, bankruptcy and pending           lawsuit
searches or equivalent reports or searches, each of a recent date           listing all
effective financing statements, lien notices or comparable documents           that name
any Loan Party as debtor and that are filed in those state and county
          jurisdictions in which any property of any Loan Party is located and the state
          and county jurisdictions in which any Loan Party is organized or maintains its
          principal place of business and such other searches that the Collateral Agent
          deems necessary or appropriate, none of which encumber the Collateral covered
or           intended to be covered by the Security Documents (other than Permitted
          Collateral Liens or any other Liens acceptable to the Collateral Agent); and  

	 	        (iv)              evidence
acceptable to the Collateral Agent of payment or arrangements for           payment by
the Loan Parties of all applicable recording taxes, fees, charges,           costs and
expenses required for the recording of the Security Documents.  

        (o)    Insurance.
The Administrative Agent shall have received a copy of, or a           certificate as to
coverage under, the insurance policies required by Section 5.04 and the
applicable provisions of the Security           Documents, each of which shall be
endorsed or otherwise amended to include a           “standard” or “New
York” lender’s loss payable or           mortgagee endorsement (as applicable)
and shall name the Collateral Agent, on           behalf of the Secured Parties, as
additional insured, in form and substance           satisfactory to the Administrative
Agent.  

-65- 

        (p)    USA
Patriot Act. The Lenders shall have received, sufficiently in advance           of
the Closing Date, all documentation and other information that may be           required
by the Lenders in order to enable compliance with applicable “know           your
customer” and anti-money laundering rules and regulations, including           the
United States PATRIOT Act (Title III of Pub. L. 107-56 (signed into law           October
26, 2001)) including the information described in Section 10.13.  

        (q)    Minimum
EBITDA. Pro Forma EBITDA (calculated in a manner acceptable to           the Arranger
in its reasonable discretion) for the latest twelve-month period           ending more
than 15 days prior to the Closing Date shall not be less than $140           million.  

        SECTION
4.02    Conditions to All Credit Extensions.
The obligation of each Lender and each Issuing Bank to make any Credit Extension
(including the initial Credit Extension) shall be subject to, and to the satisfaction of,
each of the conditions precedent set forth below.  

        (a)    Notice.
The Administrative Agent shall have received a Borrowing Request           as required by
Section 2.03 (or such notice shall have been deemed           given in
accordance with Section 2.03) if Loans are being requested           or, in
the case of the issuance, amendment, extension or renewal of a Letter of
          Credit, the Issuing Bank and the Administrative Agent shall have received an LC
          Request as required by Section 2.18(b) or, in the case of the
          Borrowing of a Swingline Loan, the Swingline Lender and the Administrative
Agent           shall have received a Borrowing Request as required by Section 2.17(b).  

        (b)    No
Default. Borrower and each other Loan Party shall be in compliance in           all
material respects with all the terms and provisions set forth herein and in
          each other Loan Document on its part to be observed or performed, and, at the
          time of and immediately after giving effect to such Credit Extension and the
          application of the proceeds thereof, no Default shall have occurred and be
          continuing on such date.  

        (c)    Representations
and Warranties. Each of the representations and           warranties made by any Loan
Party set forth in Article III hereof or           in any other Loan Document
shall be true and correct in all material respects           (except that any
representation and warranty that is qualified as to           “materiality” or
“Material Adverse Effect” shall be true and           correct in all respects)
on and as of the date of such Credit Extension with the           same effect as though
made on and as of such date, except to the extent such           representations and
warranties expressly relate to an earlier date.  

        (d)    No
Legal Bar. No order, judgment or decree of any Governmental Authority           shall
purport to restrain any Lender from making any Loans to be made by it. No
          injunction or other restraining order shall have been issued, shall be pending
          or noticed with respect to any action, suit or proceeding seeking to enjoin or
          otherwise prevent the consummation of, or to recover any damages or obtain
          relief as a result of, the transactions contemplated by this Agreement or the
          making of Loans hereunder.  

        Each
of the delivery of a Borrowing Request or an LC Request and the acceptance by Borrower of
the proceeds of such Credit Extension shall constitute a representation and warranty by
Borrower and each other Loan Party that on the date of such Credit Extension (both
immediately before and after giving effect to such Credit Extension and the application of
the proceeds thereof) the conditions contained in Sections 4.02(b)-(d) have
been satisfied. Borrower shall provide such information (including calculations in
reasonable detail of the covenants in Section 6.10) as the Administrative
Agent may reasonably request to confirm that the conditions in
Sections 4.02(b)-(d) have been satisfied. 

-66- 

ARTICLE V  

AFFIRMATIVE COVENANTS 

        Each
Loan Party warrants, covenants and agrees with each Lender that so long as this Agreement
shall remain in effect and until the Commitments have been terminated and the principal of
and interest on each Loan, all Fees and all other expenses or amounts payable under any
Loan Document shall have been paid in full and all Letters of Credit have been canceled or
have expired and all amounts drawn thereunder have been reimbursed in full, unless the
Required Lenders shall otherwise consent in writing, each Loan Party will, and will cause
each of its Subsidiaries, where appropriate, to: 

        SECTION
5.01    Financial Statements, Reports, etc. Furnish
to the Administrative Agent (which shall electronically deliver to the Lenders the
financial statements and reports required by this Section 5.01 by posting such
financial statements and reports on IntraLinks or a comparable electronic data medium):  

        (a)    Annual
Reports. As soon as available and in any event within 90 days           (or such
earlier date on which Borrower is required to file a Form 10-K under           the
Exchange Act) after the end of each fiscal year, beginning with the fiscal           year
ending December 31, 2006, (i) the consolidated balance sheet of           Borrower
as of the end of such fiscal year and related consolidated statements           of
income, cash flows and stockholders’ equity for such fiscal year, in
          comparative form with such financial statements as of the end of, and for, the
          preceding fiscal year, and notes thereto (including a note with a consolidating
          balance sheet and statements of income and cash flows separating out Borrower
          and the Subsidiaries), all prepared in accordance with Regulation S-X and
          accompanied by an opinion of Ernst & Young LLP or other independent public
          accountants of recognized national standing satisfactory to the Administrative
          Agent (which opinion shall not be qualified as to scope or contain any going
          concern or other qualification), stating that such financial statements fairly
          present, in all material respects, the consolidated financial condition,
results           of operations and cash flows of Borrower as of the dates and for the
periods           specified in accordance with GAAP, (ii) a management report in a
form           reasonably satisfactory to the Administrative Agent setting forth
statement of           income items and Consolidated EBITDA of Borrower for such fiscal
year, showing           variance, by dollar amount and percentage, from amounts for the
previous fiscal           year and budgeted amounts and (iii) a narrative report and
          management’s discussion and analysis, in a form reasonably satisfactory to
          the Administrative Agent, of the financial condition and results of operations
          of Borrower for such fiscal year, as compared to amounts for the previous
fiscal           year and budgeted amounts (it being understood that the information
required by           clause (a) may be furnished in the form of a Form 10-K);  

        (b)    Quarterly
Reports. As soon as available and in any event within           45 days (or such
earlier date on which Borrower is required to file a Form           10-Q under the
Exchange Act) after the end of each of the first three fiscal           quarters of each
fiscal year, beginning with the fiscal quarter ending            December 31, 2006 ,
(i) the consolidated balance sheet of           Borrower as of the end of such
fiscal quarter and related consolidated           statements of income and cash flows for
such fiscal quarter and for the then           elapsed portion of the fiscal year, in
comparative form with the consolidated           statements of income and cash flows for
the comparable periods in the previous           fiscal year, and notes thereto, all
prepared in accordance with Regulation S-X           under the Securities Act and
accompanied by a certificate of a Financial Officer           stating that such financial
statements fairly present, in all material respects,           the consolidated financial
condition, results of operations and cash flows of           Borrower as of the date and
for the periods specified in accordance with GAAP           consistently applied, and on
a basis consistent with audited financial           statements referred to in clause (a)
of this Section, subject to normal           year-end audit adjustments, (ii) a
management report in a form reasonably           satisfactory to the Administrative Agent
setting forth statement of income           items and Consolidated EBITDA of
Borrower for such fiscal quarter and for the           then elapsed portion of the fiscal
year, showing variance, by dollar amount and           percentage, from amounts for the
comparable periods in the previous fiscal year           and budgeted amounts, and (iii) a
narrative report and management’s           discussion and analysis, in a form
reasonably satisfactory to the Administrative           Agent, of the financial condition
and results of operations for such fiscal           quarter and the then elapsed portion
of the fiscal year, as compared to the           comparable periods in the previous
fiscal year and budgeted amounts (it being           understood that the information
required by clause (b) may be furnished in the           form of a Form 10-Q);  

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        (c)    Monthly
Reports. So long as any default or event of default has occurred           and is
continuing, within 30 days after the end of each of the first two           months
of each fiscal quarter, (i) the consolidated balance sheet of           Borrower as
of the end of each such month and the related consolidated           statements of income
and cash flows of Borrower for such month and for the then           elapsed portion of
the fiscal year, in comparative form with the consolidated           statements of income
and cash flows for the comparable periods in the previous           fiscal year,
accompanied by a certificate of a Financial Officer stating that           such financial
statements fairly present, in all material respects, the           consolidated results
of operations and cash flows of Borrower as of the date and           for the periods
specified in accordance with GAAP consistently applied, subject           to normal
year-end audit adjustments, (ii) a management report in a form           reasonably
satisfactory to the Administrative Agent setting forth statement of           income
items and Consolidated EBITDA of Borrower for such month and for the then
          elapsed portion of the fiscal year, showing variance, by dollar amount and
          percentage, from amounts for the comparable periods in the previous fiscal year
          and budgeted amounts, and (iii) a narrative report and management’s
          discussion and analysis, in a form reasonably satisfactory to the
Administrative           Agent, of the financial condition and results of operations for
such month and           the then elapsed portion of the fiscal year, as compared to the
comparable           periods in the previous fiscal year and budgeted amounts;  

        (d)    Financial
Officer’s Certificate. (i)  Concurrently with any           delivery of
financial statements under Section 5.01(a) or (b), a Compliance
Certificate (A) certifying that no Default has occurred           or, if such a Default
has occurred, specifying the nature and extent thereof and           any corrective
action taken or proposed to be taken with respect thereto, (B)           beginning with
the fiscal quarter ending December 31, 2006, setting forth           computations in
reasonable detail satisfactory to the Administrative Agent           demonstrating
compliance with the covenants contained in Sections 6.07(e) and 6.10 and,
concurrently with any delivery           of financial statements under Section 5.01(a) above,
setting forth           Borrower’s calculation of Excess Cash Flow and (C) showing a
reconciliation           of Consolidated EBITDA to the net income set forth on the
statement of income;           and (ii) concurrently with any delivery of financial
statements under Section 5.01(a) above, beginning with the fiscal year ending
          December 31, 2007, a report of the accounting firm opining on or certifying
such           financial statements stating that in the course of its regular audit of
the           financial statements of Borrower and its Subsidiaries, which audit was
conducted           in accordance with generally accepted auditing standards, such
accounting firm           obtained no knowledge that any Default insofar as it relates to
financial or           accounting matters has occurred or, if in the opinion of such
accounting firm           such a Default has occurred, specifying the nature and extent
thereof;  

        (e)    Financial
Officer’s Certificate Regarding Collateral. Concurrently           with any
delivery of financial statements under Section 5.01(a), a
          certificate of a Financial Officer setting forth the information required
          pursuant to the Perfection Certificate Supplement or confirming that there has
          been no change in such information since the date of the Perfection Certificate
          or latest Perfection Certificate Supplement;  

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        (f)    Public
Reports. Promptly after the same become publicly available, copies           of all
periodic and other reports, proxy statements and other materials filed by           any
Company with the Securities and Exchange Commission, or any Governmental
          Authority succeeding to any or all of the functions of said Commission, or with
          any national securities exchange, or distributed to holders of its Indebtedness
          pursuant to the terms of the documentation governing such Indebtedness (or any
          trustee, agent or other representative therefor), as the case may be;  

        (g)    Budgets.
Within the later of 30 days after the beginning of each           fiscal year or
five days after approval by Borrower’s Board of Directors, a           budget for
Borrower in form reasonably satisfactory to the Administrative Agent,           but to
include balance sheets, statements of income and sources and uses of           cash, for
(i) each quarter of such fiscal year prepared in detail and           (ii) each
fiscal year thereafter, through and including the fiscal year in           which the
Final Maturity Date occurs, prepared in summary form, in each case,           with
appropriate presentation and discussion of the principal assumptions upon           which
such budgets are based, accompanied by the statement of a Financial           Officer of
Borrower to the effect that the budget of Borrower is a reasonable           estimate for
the periods covered thereby and, promptly when available, any           significant
revisions of such budget;  

        (h)    Organization.
Concurrently with any delivery of financial statements           under Section 5.01(a),
an accurate organizational chart as required           by Section 3.07(c), or
confirmation that there are no changes to Schedule 10(a) to the Perfection
Certificate;  

        (i)    Organizational
Documents. Promptly provide copies of any Organizational           Documents that
have been amended or modified in accordance with the terms hereof           and deliver a
copy of any notice of default given or received by any Company           under any
Organizational Document within 15 days after such Company gives or           receives
such notice; and  

        (j)    Other
Information. Promptly, from time to time, such other information           regarding
the operations, business affairs and financial condition of any           Company, or
compliance with the terms of any Loan Document, as the           Administrative Agent or
any Lender may reasonably request.  

        SECTION
5.02    Litigation and Other Notices.
Furnish to the Administrative Agent and each Lender written notice of the following
promptly (and, in any event, within three Business Days of the occurrence thereof):  

        (a)              any
Default, specifying the nature and extent thereof and the corrective action           (if
any) taken or proposed to be taken with respect thereto;  

        (b)              the
filing or commencement of, or any threat or notice of intention of any           person
to file or commence, any action, suit, litigation or proceeding, whether           at law
or in equity by or before any Governmental Authority, (i) against           any
Company or any Affiliate thereof that could reasonably be expected to result           in
a Material Adverse Effect or (ii) with respect to any Loan Document;  

        (c)              any
development that has resulted in, or could reasonably be expected to result           in
a Material Adverse Effect;  

        (d)              the
occurrence of a Casualty Event in an amount exceeding $2,500,000; and  

        (e)              (i) the
incurrence of any material Lien (other than Permitted Collateral           Liens) on, or
claim asserted against any of the Collateral or (ii) the           occurrence of any
other event which could materially affect the value of the           Collateral.  

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        SECTION
5.03     Existence; Businesses and Properties.  

        (a)     Do
          or cause to be done all things necessary to preserve, renew and maintain in
full           force and effect its legal existence, except as otherwise expressly
permitted           under Section 6.05 or, in the case of any Subsidiary, Section 6.06 or,
where the failure to perform such obligations,           individually or in the
aggregate, could not reasonably be expected to result in           a Material Adverse
Effect.  

        (b)              Do
or cause to be done all things necessary to obtain, preserve, renew, extend           and
keep in full force and effect the rights, licenses, permits, privileges,
          franchises, authorizations, patents, copyrights, trademarks and trade names
          material to the conduct of its business; maintain and operate such business in
          substantially the manner in which it is presently conducted and operated;
comply           with all applicable Requirements of Law (including any and all zoning,
building,           Environmental Law, ordinance, code or approval or any building
permits or any           restrictions of record or agreements affecting the Real
Property) and decrees           and orders of any Governmental Authority, whether now in
effect or hereafter           enacted, except where the failure to comply, individually
or in the aggregate,           could not reasonably be expected to result in a Material
Adverse Effect; pay and           perform its obligations under all Transaction
Documents; and at all times           maintain, preserve and protect all property
material to the conduct of such           business and keep such property in good repair,
working order and condition           (other than wear and tear occurring in the ordinary
course of business) and from           time to time make, or cause to be made, all
needful and proper repairs,           renewals, additions, improvements and replacements
thereto necessary in order           that the business carried on in connection therewith
may be properly conducted           at all times; provided that nothing in this Section 5.03(b)          shall
prevent (i) sales of property, consolidations or mergers by or           involving
any Company in accordance with Section 6.05 or Section 6.06; (ii) the
withdrawal by any Company of its           qualification as a foreign corporation in any
jurisdiction where such           withdrawal, individually or in the aggregate, could not
reasonably be expected           to result in a Material Adverse Effect; or (iii) the
abandonment by any           Company of any rights, franchises, licenses, trademarks,
trade names, copyrights           or patents that such person reasonably determines are
not useful to its business           or no longer commercially desirable.  

        SECTION
5.04     Insurance.  

        (a)    Generally.
Keep its insurable property adequately insured at all times by           financially
sound and reputable insurers; maintain such other insurance, to such           extent and
against such risks as is customary with companies in the same or           similar
businesses operating in the same or similar locations, and other           properties
material to the business of the Companies against such casualties and
          contingencies and of such types and in such amounts with such deductibles as is
          customary in the case of similar businesses operating in the same or similar
          locations, including (i) physical hazard insurance on an “all
          risk” basis, (ii) commercial general liability against claims for
          bodily injury, death or property damage covering any and all insurable claims,
          (iii) explosion insurance in respect of any boilers, machinery or similar
          apparatus constituting Collateral, (iv) business interruption insurance,
          (v) worker’s compensation insurance and such other insurance as may
be           required by any Requirement of Law and (vi) such other insurance
against           risks as the Administrative Agent may from time to time require (such
policies           to be in such form and amounts and having such coverage as may be
reasonably           satisfactory to the Administrative Agent and the Collateral Agent);
provided that with respect to physical hazard insurance, if an Event of
          Default has occurred and is continuing, no Company shall agree to the
adjustment           of any claim in excess of $1,000,000 thereunder without the consent
of the           Collateral Agent (such consent not to be unreasonably withheld or
delayed); provided, further, that no consent of any Company shall be
          required during an Event of Default.  

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        (b)    Requirements
of Insurance. All such insurance shall (i) provide that           no
cancellation, material reduction in amount or material change in coverage
          thereof shall be effective until at least 30 days after receipt by the
          Collateral Agent of written notice thereof, (ii) name the Collateral Agent
          as additional insured on behalf of the Secured Parties (in the case of
liability           insurance) or loss payee (in the case of property insurance), as
applicable,           (iii) if reasonably requested by the Collateral Agent, include
a breach of           warranty clause and (iv) be reasonably satisfactory in all
other respects           to the Collateral Agent.  

        (c)    Notice
to Agents. Notify the Administrative Agent and the Collateral           Agent
immediately whenever any separate insurance concurrent in form or           contributing
in the event of loss with that required to be maintained under this Section 5.04 is
taken out by any Company; and promptly deliver to           the Administrative Agent and
the Collateral Agent a duplicate original copy of           such policy or policies.  

        SECTION
5.05     Obligations and Taxes.  

        (a)    Payment
of Obligations. Pay its Indebtedness in excess of $2,500,000 and           other
obligations in excess of $2,500,000 promptly and in accordance with their           terms
and pay and discharge promptly when due all Taxes, assessments and           governmental
charges or levies imposed upon it or upon its income or profits or           in respect
of its property, before the same shall become delinquent or in           default, as well
as all lawful claims for labor, services, materials and           supplies or otherwise
that, if unpaid, might give rise to a Lien other than a           Permitted Lien upon
such properties or any part thereof; provided that           such payment and
discharge shall not be required with respect to any such Tax,           assessment,
charge, levy or claim so long as (x)(i) the validity or amount           thereof
shall be contested in good faith by appropriate proceedings timely           instituted
and diligently conducted and the applicable Company shall have set           aside on its
books adequate reserves or other appropriate provisions with           respect thereto in
accordance with GAAP, (ii) such contest operates to           suspend collection of
the contested obligation, Tax, assessment or charge and           enforcement of a Lien
other than a Permitted Lien and (iii) in the case of           Collateral, the
applicable Company shall have otherwise complied with the           Contested Collateral
Lien Conditions and (y) the failure to pay could not           reasonably be expected to
result in a Material Adverse Effect.  

        (b)    Filing
of Returns. Timely and correctly file all material Tax Returns           required to
be filed by it. Withhold, collect and remit all Taxes that it is           required to
collect, withhold or remit.  

        (c)    Tax
Shelter Reporting. Borrower does not intend to treat the Loans as           being a
“reportable transaction” within the meaning of Treasury           Regulation
Section 1.6011-4. In the event Borrower determines to take any action
          inconsistent with such intention, it will promptly notify the Administrative
          Agent and the Lenders thereof.  

        SECTION
5.06    Employee Benefits. (a) Comply in all
material respects with the applicable provisions of ERISA and the Code, which could
reasonably be expected to result in a Material Adverse Effect and (b) furnish to the
Administrative Agent (x) as soon as possible after, and in any event within 5 days
after any Responsible Officer of any Company or any ERISA Affiliates of any Company knows
or has reason to know that, any ERISA Event has occurred that, alone or together with any
other ERISA Event could reasonably be expected to result in liability of the Companies or
any of their ERISA Affiliates in an aggregate amount exceeding $2,500,000 or the
imposition of a Lien, a statement of a Financial Officer of Borrower setting forth
details as to such ERISA Event and the action, if any, that the Companies propose to take
with respect thereto, and (y) upon request by the Administrative Agent, copies of (i) each
Schedule B (Actuarial Information) to the annual report (Form 5500 Series) filed by
any Company or any ERISA Affiliate with the Internal Revenue Service with respect to each
Plan; (ii) the most recent actuarial valuation report for each Plan; (iii) all
notices received by any Company or any ERISA Affiliate from a Multiemployer Plan sponsor
or any governmental agency concerning an ERISA Event; and (iv) such other documents
or governmental reports or filings relating to any Plan (or employee benefit plan
sponsored or contributed to by any Company) as the Administrative Agent shall reasonably
request.  

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        SECTION
5.07          Maintaining Records; Access to Properties and
Inspections; Annual Meetings. 

        (a)              Keep
proper books of record and account in which full, true and correct entries           in
conformity with GAAP and all Requirements of Law are made of all dealings and
          transactions in relation to its business and activities. Each Company will
          permit any representatives designated by the Administrative Agent or any Lender
          to visit and inspect the financial records and the property of such Company at
          reasonable times and as often as reasonably requested and to make extracts from
          and copies of such financial records, and permit any representatives designated
          by the Administrative Agent or any Lender to discuss the affairs, finances,
          accounts and condition of any Company with the officers and employees thereof
          and advisors therefor (including independent accountants).  

        (b)              Within
150 days after the end of each fiscal year of the Companies, at the
          request of the Administrative Agent or Required Lenders, hold a meeting (at a
          mutually agreeable location, venue and time or, at the option of the
          Administrative Agent, by conference call, the costs of such venue or call to be
          paid by Borrower) with all Lenders who choose to attend such meeting, at which
          meeting shall be reviewed the financial results of the previous fiscal year and
          the financial condition of the Companies and the budgets presented for the
          current fiscal year of the Companies.  

        SECTION
5.08    Use of Proceeds. Use the proceeds of
the Loans only for the purposes set forth in Section 3.12 and request the
issuance of Letters of Credit only for the purposes set forth in the definition of
Commercial Letter of Credit or Standby Letter of Credit, as the case may be.  

        SECTION
5.09          Compliance with Environmental Laws; Environmental
Reports. 

        (a)              Comply,
and cause all lessees and other persons occupying Real Property owned,           operated
or leased by any Company to comply, in all material respects with all
          Environmental Laws and Environmental Permits applicable to its operations and
          Real Property, the failure to comply with which could reasonably be expected to
          result in a Material Adverse Effect; obtain and renew all material
Environmental           Permits applicable to its operations and Real Property, which
could reasonably           be expected to result in a Material Adverse Effect if not
obtained or renewed;           and conduct all Responses required by, and in accordance
with, Environmental           Laws, the failure to conduct with which could reasonably be
expected to result           in a Material Adverse Effect; provided that no
Company shall be required           to undertake any Response to the extent that its
obligation to do so is being           contested in good faith and by proper proceedings
and appropriate reserves are           being maintained with respect to such
circumstances in accordance with GAAP.  

        (b)              If
a Default caused by reason of a breach of Section 3.17 or Section 5.09(a) shall
have occurred and be continuing for more than           20 days without the
Companies commencing activities reasonably likely to           cure such Default in
accordance with Environmental Laws, at the written request           of the
Administrative Agent or the Required Lenders through the Administrative           Agent,
provide to the Lenders within 60 days after such request, at the           expense
of Borrower, an environmental assessment report regarding the matters           which are
the subject of such Default, including, where appropriate, soil and/or
          groundwater sampling, prepared by an environmental consulting firm and, in the
          form and substance, reasonably acceptable to the Administrative Agent and
          indicating the presence or absence of Hazardous Materials and the estimated
cost           of any compliance or Response to address them.  

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        SECTION
5.10    Interest Rate Protection. No later
than the 60th day after the Closing Date, Borrower shall enter into, and for a minimum of
three years thereafter maintain, Hedging Agreements with terms and conditions acceptable
to the Administrative Agent that result in at least $180,000,000 of the aggregate
principal amount of Borrower’s Consolidated Indebtedness other than Revolving Loans
being effectively subject to a fixed or maximum interest rate acceptable to the
Administrative Agent.  

        SECTION
5.11     Additional Collateral; Additional Guarantors.  

        (a)     Subject
          to this Section 5.11, with respect to any property acquired after
          the Closing Date by any Loan Party that is intended to be subject to the Lien
          created by any of the Security Documents but is not so subject, promptly (and
in           any event within 30 days after the acquisition thereof) (i) execute
          and deliver to the Administrative Agent and the Collateral Agent such
amendments           or supplements to the relevant Security Documents or such other
documents as the           Administrative Agent or the Collateral Agent shall deem
necessary or advisable           to grant to the Collateral Agent, for its benefit and
for the benefit of the           other Secured Parties, a Lien on such property subject
to no Liens other than           Permitted Collateral Liens, and (ii) take all
actions necessary to cause           such Lien to be duly perfected to the extent
required by such Security Document           in accordance with all applicable
Requirements of Law, including the filing of           financing statements in such
jurisdictions as may be reasonably requested by the           Administrative Agent.
Borrower shall otherwise take such actions and execute           and/or deliver to the
Collateral Agent such documents as the Administrative           Agent or the Collateral
Agent shall require to confirm the validity, perfection           and priority of the
Lien of the Security Documents on such after-acquired           properties.  

        (b)              With
respect to any person that is or becomes a Material Subsidiary after the
          Closing Date, promptly (and in any event within 30 days after such person
          becomes a Material Subsidiary) (i) deliver to the Collateral Agent the
          certificates, if any, representing all of the Equity Interests of such Material
          Subsidiary, together with undated stock powers or other appropriate instruments
          of transfer executed and delivered in blank by a duly authorized officer of the
          holder(s) of such Equity Interests, and all intercompany notes owing from such
          Material Subsidiary to any Loan Party together with instruments of transfer
          executed and delivered in blank by a duly authorized officer of such Loan Party
          and (ii) cause such new Material Subsidiary (A) to execute a Joinder
          Agreement or such comparable documentation to become a Subsidiary Guarantor and
          a joinder agreement to the applicable Security Agreement, substantially in the
          form annexed thereto or, in the case of a Foreign Subsidiary, execute a
security           agreement compatible with the laws of such Foreign Subsidiary’s
          jurisdiction in form and substance reasonably satisfactory to the
Administrative           Agent, and (B) to take all actions necessary or advisable
in the opinion of           the Administrative Agent or the Collateral Agent to cause the
Lien created by           the applicable Security Agreement to be duly perfected to the
extent required by           such agreement in accordance with all applicable
Requirements of Law, including           the filing of financing statements in such
jurisdictions as may be reasonably           requested by the Administrative Agent or the
Collateral Agent. Notwithstanding           the foregoing, (1) the Equity Interests
required to be delivered to the           Collateral Agent pursuant to clause (i) of
this Section 5.11(b)          shall not include any Equity Interests of a
Foreign Subsidiary created or           acquired after the Closing Date or any Foreign
Subsidiary that becomes a           Material Subsidiary on or after the Closing Date and
(2) no Foreign           Subsidiary shall be required to take the actions specified
in clause (ii)           of this Section 5.11(b), if, in the case of
either clause (1)           or (2), doing so would constitute an investment of
earnings in United States           property under Section 956 (or a successor
provision) of the Code, which           investment would or could reasonably be expected
to trigger a material increase           in the net income of a United States shareholder
of such Material Subsidiary           pursuant to Section 951 (or a successor
provision) of the Code, as           reasonably determined by the Administrative Agent;
provided that this           exception shall not apply to (A) Voting Stock of
any Material Subsidiary           which is a first-tier controlled foreign corporation
(as defined in           Section 957(a) of the Code) representing 66% of the total
voting power of           all outstanding Voting Stock of such Material Subsidiary and (B) 100%
of           the Equity Interests not constituting Voting Stock of any such Material
          Subsidiary, except that any such Equity Interests constituting “stock
          entitled to vote” within the meaning of Treasury Regulation
          Section 1.956-2(c)(2) shall be treated as Voting Stock for purposes of
this Section 5.11(b).  

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        SECTION
5.12    Security Interests; Further Assurances.
Promptly, upon the reasonable request of the Administrative Agent, the Collateral Agent
or any Lender, at Borrower’s expense, execute, acknowledge and deliver, or cause the
execution, acknowledgment and delivery of, and thereafter register, file or record, or
cause to be registered, filed or recorded, in an appropriate governmental office, any
document or instrument supplemental to or confirmatory of the Security Documents or
otherwise deemed by the Administrative Agent or the Collateral Agent reasonably necessary
or desirable for the continued validity, perfection and priority of the Liens on the
Collateral covered thereby subject to no other Liens except as permitted by the
applicable Security Document, or obtain any consents or waivers as may be necessary or
appropriate in connection therewith. Deliver or cause to be delivered to the
Administrative Agent and the Collateral Agent from time to time such other documentation,
consents, authorizations, approvals and orders in form and substance reasonably
satisfactory to the Administrative Agent and the Collateral Agent as the Administrative
Agent and the Collateral Agent shall reasonably deem necessary to perfect or maintain the
Liens on the Collateral pursuant to the Security Documents. Upon the exercise by the
Administrative Agent, the Collateral Agent or any Lender of any power, right, privilege
or remedy pursuant to any Loan Document which requires any consent, approval,
registration, qualification or authorization of any Governmental Authority execute and
deliver all applications, certifications, instruments and other documents and papers that
the Administrative Agent, the Collateral Agent or such Lender may require.  

        SECTION
5.13     Information Regarding Collateral.  

        (a)              Not
effect any change (i) in any Loan Party’s legal name, (ii) in
          the location of any Loan Party’s chief executive office, (iii) in any
          Loan Party’s identity or organizational structure, (iv) in any Loan
          Party’s Federal Taxpayer Identification Number or organizational
          identification number, if any, or (v) in any Loan Party’s
jurisdiction           of organization (in each case, including by merging with or into
any other           entity, reorganizing, dissolving, liquidating, reorganizing or
organizing in any           other jurisdiction), until (A) it shall have given the
Collateral Agent and           the Administrative Agent not less than 10 days’ prior
written notice           (in the form of an Officers’ Certificate), or such lesser
notice period           agreed to by the Collateral Agent, of its intention so to do,
clearly describing           such change and providing such other information in
connection therewith as the           Collateral Agent or the Administrative Agent may
reasonably request and           (B) it shall have taken all action reasonably
satisfactory to the           Collateral Agent to maintain the perfection and priority of
the security           interest of the Collateral Agent for the benefit of the Secured
Parties in the           Collateral, if applicable. Each Loan Party agrees to promptly
provide the           Collateral Agent with certified Organizational Documents reflecting
any of the           changes described in the preceding sentence. Each Loan Party also
agrees to           promptly notify the Collateral Agent of any change in the location of
any office           in which it maintains books or records relating to Collateral owned
by it or any           office or facility at which Collateral is located (including the
establishment           of any such new office or facility).  

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        (b)              Concurrently
with the delivery of financial statements pursuant to Section 5.01(a),
deliver to the Administrative Agent and the           Collateral Agent a Perfection
Certificate Supplement.  

        SECTION
5.14    Subsidiary Designations The Borrower
may from time to time designate certain of its Subsidiaries as Immaterial Subsidiaries by
written notice to the Administrative Agent; provided that no such designation
shall be made if, after giving effect thereto, Immaterial Subsidiaries (and their
Subsidiaries) in the aggregate would account for more than 10% of the total consolidated
revenues of the Borrower or more than 10% of the total consolidated assets (valued either
at book or fair market value, whichever is greater) of the Borrower. If at any time the
revenues or assets of all Immaterial Subsidiaries would exceed either of such
percentages, the Borrower shall promptly redesignate sufficient Immaterial Subsidiaries
as Material Subsidiaries so as to be in compliance with such percentages. As of the
Closing Date, all Immaterial Subsidiaries are listed on Schedule 5.14.  

        SECTION
5.15    Triggering Event Security InterestsBorrower
shall, at its expense, execute, acknowledge and deliver, or cause the execution,
acknowledgment and delivery of, and thereafter register, file or record, or cause to be
registered, filed or recorded, in an appropriate governmental office, any amendments to
the Security Documents necessary to effect the Triggering Event Liens. Any amendments
shall be executed by the Borrower no later than sixty (60) days following such Triggering
Event.  

        SECTION
5.16    Delivery of Outstanding Securities Collateral(i)
To the extent not delivered on the Closing Date and in any case no later than sixty (60)
days following the Closing Date, Borrower shall, at its expense, deliver, or cause the
delivery of, (i) all certificates, agreements or instruments representing or evidencing
the Securities Collateral issued by all (x) domestic Immaterial Subsidiaries and (y)
first-tier foreign Subsidiaries, to the extent the pledge of such foreign Subsidiaries
would not be prohibited by applicable law, would not result in materially adverse tax
consequences or would not risk personal liability of officers and directors of such
foreign Subsidiaries, and accompanied by instruments of transfer and stock powers undated
and endorsed in blank, and (ii) as may be reasonably requested by the Administrative
Agent, a favorable written opinion of counsel for the relevant Pledgor (A) addressed
to the Agents, the Issuing Bank and the Lenders and (B) in form and substance
reasonably satisfactory to the Administrative Agent.  

ARTICLE VI  

NEGATIVE COVENANTS 

        Each
Loan Party warrants, covenants and agrees with each Lender that, so long as this Agreement
shall remain in effect and until the Commitments have been terminated and the principal of
and interest on each Loan, all Fees and all other expenses or amounts payable under any
Loan Document have been paid in full and all Letters of Credit have been canceled or have
expired and all amounts drawn thereunder have been reimbursed in full, unless the Required
Lenders shall otherwise consent in writing, no Loan Party will, nor will they cause or
permit any Subsidiaries to: 

        SECTION
6.01          Indebtedness.  Incur, create, assume or permit to
exist, directly or indirectly, any Indebtedness, except 

        (a)              Indebtedness
incurred under this Agreement and the other Loan Documents;  

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        (b)              (i) Indebtedness
outstanding on the Closing Date and listed on Schedule 6.01(b) and (ii) refinancings
or renewals thereof; provided that (A) any such refinancing Indebtedness is
in an           aggregate principal amount not greater than the aggregate principal
amount of           the Indebtedness being renewed or refinanced, plus the amount
of any           premiums required to be paid thereon and reasonable fees and expenses
associated           therewith, (B) such refinancing Indebtedness has a later or
equal final           maturity and longer or equal weighted average life than the
Indebtedness being           renewed or refinanced and (C) the covenants, events of
default,           subordination and other provisions thereof (including any guarantees
thereof)           shall be, in the aggregate, no less favorable to the Lenders than
those           contained in the Indebtedness being renewed or refinanced;  

        (c)              Indebtedness
under Hedging Obligations with respect to interest rates, foreign           currency
exchange rates or commodity prices, in each case not entered into for
          speculative purposes; provided that if such Hedging Obligations relate
to           interest rates, (i) such Hedging Obligations relate to payment
obligations           on Indebtedness otherwise permitted to be incurred by the Loan
Documents and           (ii) the notional principal amount of such Hedging
Obligations at the time           incurred does not exceed the principal amount of the
Indebtedness to which such           Hedging Obligations relate;  

        (d)              Indebtedness
permitted by Section 6.04(e);  

        (e)              Indebtedness
in respect of Purchase Money Obligations and Capital Lease           Obligations, and
refinancings or renewals thereof, in an aggregate amount not to           exceed
$30,000,000 at any time outstanding;  

        (f)              Indebtedness
incurred by Foreign Subsidiaries in an aggregate amount not to           exceed
$25,000,000 at any time outstanding;  

        (g)              Indebtedness
in respect of bid, performance or surety bonds, workers’          compensation
claims, self-insurance obligations and bankers acceptances issued           for the
account of any Company in the ordinary course of business, including           guarantees
or obligations of any Company with respect to letters of credit           supporting such
bid, performance or surety bonds, workers’ compensation           claims,
self-insurance obligations and bankers acceptances (in each case other           than for
an obligation for money borrowed), in an aggregate amount not to exceed
          $10,000,000 at any time outstanding;  

        (h)              Contingent
Obligations of any Loan Party in respect of Indebtedness otherwise           permitted
under this Section 6.01;  

        (i)              Indebtedness
arising from the honoring by a bank or other financial institution           of a check,
draft or similar instrument inadvertently (except in the case of           daylight
overdrafts) drawn against insufficient funds in the ordinary course of
          business; provided, however, that such Indebtedness is
          extinguished within five Business Days of incurrence;  

        (j)              Indebtedness
arising in connection with endorsement of instruments for deposit           in the
ordinary course of business;  

        (k)              Subordinated
Indebtedness incurred by Borrower within one year from the Closing           Date in an
aggregate amount not to exceed $150,000,000;  

        (l)              unsecured
Indebtedness (not including Indebtedness incurred pursuant to this           Agreement)
of any Company (other than a Foreign Subsidiary) in an aggregate           amount not to
exceed $50,000,000 at any time outstanding; provided that no more           than an
aggregate of $20,000,000 of such unsecured Indebtedness may be incurred           by the
Companies in any fiscal year.  

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        SECTION
6.02    Liens. Create, incur, assume or
permit to exist, directly or indirectly, any Lien on any property now owned or hereafter
acquired by it or on any income or revenues or rights in respect of any thereof, except
the following (collectively, the “Permitted Liens”):  

        (a)              inchoate
Liens for taxes, assessments or governmental charges or levies not yet           due and
payable or delinquent and Liens for taxes, assessments or governmental           charges
or levies, which (i) are being contested in good faith by           appropriate
proceedings for which adequate reserves have been established in           accordance
with GAAP, which proceedings (or orders entered in connection with           such
proceedings) have the effect of preventing the forfeiture or sale of the
          property subject to any such Lien, and (ii) in the case of any such charge
          or claim which has or may become a Lien against any of the Collateral, such
Lien           and the contest thereof shall satisfy the Contested Collateral Lien
Conditions;  

        (b)              Liens
in respect of property of any Company imposed by Requirements of Law,           which
were incurred in the ordinary course of business and do not secure           Indebtedness
for borrowed money, such as carriers’, warehousemen’s,           materialmen’s,
landlords’, workmen’s, suppliers’,           repairmen’s and mechanics’ Liens
and other similar Liens arising in           the ordinary course of business, and (i) which
do not in the aggregate           materially detract from the value of the property of
the Companies, taken as a           whole, and do not materially impair the use thereof
in the operation of the           business of the Companies, taken as a whole, (ii) which,
if they secure           obligations that are then due and unpaid, are being contested in
good faith by           appropriate proceedings for which adequate reserves have been
established in           accordance with GAAP, which proceedings (or orders entered in
connection with           such proceedings) have the effect of preventing the forfeiture
or sale of the           property subject to any such Lien, and (iii) in the case of
any such Lien           which has or may become a Lien against any of the Collateral,
such Lien and the           contest thereof shall satisfy the Contested Collateral Lien
Conditions;  

        (c)              any
Lien in existence on the Closing Date and set forth on Schedule 6.02(c) and
any Lien granted as a replacement or substitute           therefor; provided that
any such replacement or substitute Lien (i)           except as permitted by Section 6.01(b)(ii)(A),
does not secure an           aggregate amount of Indebtedness, if any, greater than that
secured on the           Closing Date and (ii) does not encumber any property other
than the           property subject thereto on the Closing Date (any such Lien, an
          “Existing Lien”);  

        (d)              easements,
rights-of-way, restrictions (including zoning restrictions),           covenants,
licenses, encroachments, protrusions and other similar charges or           encumbrances,
and minor title deficiencies on or with respect to any Real           Property, in each
case whether now or hereafter in existence, not           (i) securing Indebtedness,
(ii) individually or in the aggregate           materially impairing the value or
marketability of such Real Property or           (iii) individually or in the
aggregate materially interfering with the           ordinary conduct of the business of
the Companies at such Real Property;  

        (e)              Liens
arising out of judgments, attachments or awards not resulting in a Default           and
in respect of which such Company shall in good faith be prosecuting an           appeal
or proceedings for review in respect of which there shall be secured a
          subsisting stay of execution pending such appeal or proceedings and, in the
case           of any such Lien which has or may become a Lien against any of the
Collateral,           such Lien and the contest thereof shall satisfy the Contested
Collateral Lien           Conditions;  

-77- 

        (f)              Liens
(other than any Lien imposed by ERISA) (x) imposed by Requirements of           Law
or deposits made in connection therewith in the ordinary course of business           in
connection with workers’ compensation, unemployment insurance and other
          types of social security legislation, (y) incurred in the ordinary course
          of business to secure the performance of tenders, statutory obligations (other
          than excise taxes), surety, stay, customs and appeal bonds, statutory bonds,
          bids, leases, government contracts, trade contracts, performance and return of
          money bonds and other similar obligations (exclusive of obligations for the
          payment of borrowed money) or (z) arising by virtue of deposits made in
the           ordinary course of business to secure liability for premiums to insurance
          carriers; provided that (i) with respect to clauses (x), (y)
          and (z) of this paragraph (f), such Liens are for amounts not yet due and
          payable or delinquent or, to the extent such amounts are so due and payable,
          such amounts are being contested in good faith by appropriate proceedings for
          which adequate reserves have been established in accordance with GAAP, which
          proceedings for orders entered in connection with such proceedings have the
          effect of preventing the forfeiture or sale of the property subject to any such
          Lien, (ii) to the extent such Liens are not imposed by Requirements of
Law,           such Liens shall in no event encumber any property other than cash and
Cash           Equivalents, (iii) in the case of any such Lien against any of the
          Collateral, such Lien and the contest thereof shall satisfy the Contested
          Collateral Lien Conditions and (iv) the aggregate amount of deposits at
any           time pursuant to clause (y) and clause (z) of this paragraph (f)
          shall not exceed $2,500,000 in the aggregate;  

        (g)              Leases
of the properties of any Company, in each case entered into in the           ordinary
course of such Company’s business so long as such Leases are           subordinate
in all respects to the Liens granted and evidenced by the Security           Documents
and do not, individually or in the aggregate, (i) interfere in           any
material respect with the ordinary conduct of the business of any Company or
          (ii) materially impair the use (for its intended purposes) or the value of
          the property subject thereto;  

        (h)              Liens
arising out of conditional sale, title retention, consignment or similar
          arrangements for the sale of goods entered into by any Company in the ordinary
          course of business in accordance with the past practices of such Company;  

        (i)              Liens
securing Indebtedness incurred pursuant to Section 6.01(e); provided that
any such Liens attach only to the property being financed           pursuant to such
Indebtedness and do not encumber any other property of any           Company;  

        (j)              bankers’ Liens,
rights of setoff and other similar Liens existing solely           with respect to cash
and Cash Equivalents on deposit in one or more accounts           maintained by any
Company, in each case granted in the ordinary course of           business in favor of
the bank or banks with which such accounts are maintained,           securing amounts
owing to such bank with respect to cash management and           operating account
arrangements, including those involving pooled accounts and           netting
arrangements; provided that, unless such Liens are non-consensual           and
arise by operation of law, in no case shall any such Liens secure (either
          directly or indirectly) the repayment of any Indebtedness;  

        (k)              Liens
on property of a person existing at the time such person is acquired or           merged
with or into or consolidated with any Company to the extent permitted           hereunder
(and not created in anticipation or contemplation thereof); provided that such
Liens do not extend to property not subject to such           Liens at the time of
acquisition (other than improvements thereon) and are no           more favorable to the
lienholders than such existing Lien;  

        (l)              Liens
granted pursuant to the Security Documents to secure the Secured           Obligations;  

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        (m)              licenses
of Intellectual Property granted by any Company in the ordinary course           of
business and not interfering in any material respect with the ordinary           conduct
of business of the Companies;  

        (n)              the
filing of UCC financing statements solely as a precautionary measure in
          connection with operating leases or consignment of goods;  

        (o)              Liens
securing Indebtedness incurred pursuant to Section 6.01(f); provided that
(i) such Liens do not extend to, or encumber, property           which constitutes
Collateral and (ii) such Liens extend only to the           property (or Equity
Interests) of the Foreign Subsidiary incurring such           Indebtedness;  

        (p)              Liens
incurred in the ordinary course of business of any Company with respect to
          obligations that do not in the aggregate exceed $50,000,000 at any time
          outstanding, so long as such Liens, to the extent covering any Collateral, are
          junior to the Liens granted pursuant to the Security Documents;  

provided, however, that
no consensual Liens shall be permitted to exist, directly or indirectly, on any Securities
Collateral, other than Liens granted pursuant to the Security Documents. 

        SECTION
6.03    Sale and Leaseback Transactions.
Enter into any arrangement, directly or indirectly, with any person whereby it shall sell
or transfer any property, real or personal, used or useful in its business, whether now
owned or hereafter acquired, and thereafter rent or lease such property or other property
which it intends to use for substantially the same purpose or purposes as the property
being sold or transferred (a “Sale and Leaseback Transaction”) unless (i) the
sale of such property is permitted by Section 6.06 and (ii) any Liens
arising in connection with its use of such property are permitted by Section 6.02.  

        SECTION
6.04    Investment, Loan and Advances.
Directly or indirectly, lend money or credit (by way of guarantee or otherwise) or make
advances to any person, or purchase or acquire any stock, bonds, notes, debentures or
other obligations or securities of, or any other interest in, or make any capital
contribution to, any other person, or purchase or own a futures contract or otherwise
become liable for the purchase or sale of currency or other commodities at a future date
in the nature of a futures contract (all of the foregoing, collectively, “Investments”),
except that the following shall be permitted:  

        (a)              the
Companies may consummate the Transactions in accordance with the provisions           of
the Transaction Documents;  

        (b)              Investments
outstanding on the Closing Date and identified on Schedule 6.04(b);  

        (c)              the
Companies may (i) acquire and hold accounts receivables owing to any of
          them if created or acquired in the ordinary course of business, (ii) invest
          in, acquire and hold cash and Cash Equivalents, (iii) endorse negotiable
          instruments held for collection in the ordinary course of business or
          (iv) make lease, utility and other similar deposits in the ordinary course
          of business;  

        (d)              Hedging
Obligations incurred pursuant to Section 6.01(c);  

        (e)              Investments
(i) by any Company in Borrower or any Subsidiary Guarantor and           (ii) by
a Subsidiary that is not a Subsidiary Guarantor in any other           Subsidiary that is
not a Subsidiary Guarantor; provided that any           Investment in the form of
a loan or advance shall be evidenced by the           Intercompany Note and, in the case
of a loan or advance by a Loan Party, pledged           by such Loan Party as Collateral
pursuant to the Security Documents;  

-79- 

        (f)              Investments
in securities of trade creditors or customers in the ordinary course           of
business received upon foreclosure or pursuant to any plan of reorganization           or
liquidation or similar arrangement upon the bankruptcy or insolvency of such
          trade creditors or customers;  

        (g)              Investments
made by Borrower or any Subsidiary as a result of consideration           received in
connection with an Asset Sale made in compliance with Section 6.06; and  

        (h)              other
Investments in an aggregate amount not to exceed $50,000,000 at any time
          outstanding.  

An Investment shall be deemed to be
outstanding to the extent not returned in the form of cash or in the same form as the
original Investment to Borrower or any Subsidiary Guarantor. 

        SECTION
6.05    Mergers and Consolidations. Wind up,
liquidate or dissolve its affairs or enter into any transaction of merger or
consolidation (or agree to do any of the foregoing at any future time), except that the
following shall be permitted:  

	 	        (a)              Asset
Sales in compliance with Section 6.06;  

	 	        (b)              acquisitions
in compliance with Section 6.07;  

	 	        (c)              any
Company may merge or consolidate with or into Borrower or any Subsidiary
          Guarantor (as long as Borrower is the surviving person in the case of any
merger           or consolidation involving Borrower and a Subsidiary Guarantor is the
surviving           person and remains a Wholly Owned Subsidiary of Borrower in any other
case); provided that the Lien on and security interest in such property granted
          or to be granted in favor of the Collateral Agent under the Security Documents
          shall be maintained or created in accordance with the provisions of Section 5.11 or
Section 5.12, as applicable;  

	 	        (d)              any
Subsidiary that is not a Subsidiary Guarantor may merge or consolidate with           or
into any other Subsidiary that is not a Subsidiary Guarantor; and  

	 	        (e)              any
Subsidiary may dissolve, liquidate or wind up its affairs at any time; provided that
such dissolution, liquidation or winding up, as applicable,           could not
reasonably be expected to have a Material Adverse Effect.  

        To
the extent the Required Lenders or all the Lenders, as applicable, waive the provisions of
this Section 6.05 with respect to the sale of any Collateral, or any
Collateral is sold as permitted by this Section 6.05, such Collateral (unless
sold to a Company) shall be sold free and clear of the Liens created by the Security
Documents, and, so long as Borrower shall have provided the Agents such certifications or
documents as any Agent shall reasonably request in order to demonstrate compliance with
this Section 6.05, the Agents shall take all actions they deem appropriate in order
to effect the foregoing. 

        SECTION
6.06    Asset Sales. Effect any Asset Sale,
or agree to effect any Asset Sale, except that the following shall be permitted:  

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	 	        (a)              disposition
of used, worn out, obsolete or surplus property by any Company in           the ordinary
course of business and the abandonment or other disposition of           Intellectual
Property (including non-exclusive licenses of Intellectual           Property) that is,
in the reasonable judgment of Borrower, no longer           economically practicable to
maintain or useful in the conduct of the business of           the Companies taken as a
whole;  

	 	        (b)              Asset
Sales; provided that the aggregate consideration received in           respect of
all Asset Sales pursuant to this clause (b) shall not exceed           $25,000,000
in any four consecutive fiscal quarters of Borrower, but, in any           event, shall
not exceed $25,000,000 with respect to any single Asset Sale;  

	 	        (c)              leases
of real or personal property in the ordinary course of business and in
          accordance with the applicable Security Documents;  

	 	        (d)              mergers
and consolidations in compliance with Section 6.05;  

	 	        (e)              Investments
in compliance with Section 6.04; and  

	 	        (f)              Sales
contemplated by the current restructuring in an aggregate amount not to           exceed
$15,000,000.  

        To
the extent the Required Lenders or all the Lenders, as applicable, waive the provisions of
this Section 6.06 with respect to the sale of any Collateral, or any
Collateral is sold as permitted by this Section 6.06, such Collateral (unless
sold to a Company) shall be sold free and clear of the Liens created by the Security
Documents, and, so long as Borrower shall have provided the Agents such certifications or
documents as any Agent shall reasonably request in order to demonstrate compliance with
this Section 6.06, the Agents shall take all actions they deem appropriate in order
to effect the foregoing. 

        SECTION
6.07    Acquisitions. Purchase or otherwise
acquire (in one or a series of related transactions) any part of the property (whether
tangible or intangible) of any person (or agree to do any of the foregoing at any future
time), except that the following shall be permitted:  

	 	        (a)              Capital
Expenditures by Borrower and the Subsidiaries shall be permitted to the           extent
permitted by Section 6.10(c);  

	 	        (b)              purchases
and other acquisitions of inventory, materials, equipment and           intangible
property in the ordinary course of business;  

	 	        (c)              Investments
in compliance with Section 6.04;  

	 	        (d)              leases
of real or personal property in the ordinary course of business and in
          accordance with the applicable Security Documents;  

	 	        (e)              Permitted
Acquisitions;  

	 	        (f)              mergers
and consolidations in compliance with Section 6.05; and  

	 	        (g)              Borrower’s
acquisition of a certain Chinese subsidiary engaged in the           primary business of
the Borrower for a purchase price of approximately           $21,000,000 on or about the
first fiscal quarter of 2007, plus a $3,000,000           earnout;  

-81- 

provided that the Lien on and
security interest in such property granted or to be granted in favor of the Collateral
Agent under the Security Documents shall be maintained or created in accordance with the
provisions of Section 5.11 or Section 5.12, as applicable. 

        SECTION
6.08    Dividends. Authorize, declare or
pay, directly or indirectly, any Dividends with respect to any Company, except that the
following shall be permitted:  

	 	        (a)              Dividends
by any Company to Borrower or any Guarantor that is a Wholly Owned           Subsidiary
of Borrower;  

	 	        (b)              Dividends
in an aggregate amount not to exceed, in any fiscal year, $25,000,000,           so long
as no Default or Event of Default has occurred and is continuing or           would
result therefrom; and  

	 	        (c)              The
Dividend Payment.  

        SECTION
6.09    Transactions with Affiliates. Enter
into, directly or indirectly, any transaction or series of related transactions, whether
or not in the ordinary course of business, with any Affiliate of any Company (other than
between or among Borrower and one or more Subsidiary Guarantors), other than on terms and
conditions at least as favorable to such Company as would reasonably be obtained by such
Company at that time in a comparable arm’s-length transaction with a person other
than an Affiliate, except that the following shall be permitted:  

	 	        (a)              Dividends
permitted by Section 6.08;  

	 	        (b)              Investments
permitted by Sections 6.04(e);  

	 	        (c)              reasonable
director, officer and employee compensation (including bonuses) and           other
benefits (including retirement, health, stock option and other benefit           plans)
and indemnification arrangements, in each case approved by the Board of
          Directors of Borrower or its compensation committee;  

	 	        (d)              transactions
with customers, clients, suppliers, joint venture partners or           purchasers or
sellers of goods and services, in each case in the ordinary course           of business
and otherwise not prohibited by the Loan Documents; provided          that any
such transaction is at least as favorable to the Company as would           reasonably be
obtained by such Company at that time in a comparable           arm’s-length
transaction with a person other than an Affiliate;  

	 	        (e)              the
existence of, and the performance by any Loan Party of its obligations under
          the terms of, any limited liability company, limited partnership or other
          Organizational Document or securityholders agreement (including any
registration           rights agreement or purchase agreement related thereto) to which
it is a party           on the Closing Date and which has been disclosed to the Lenders
as in effect on           the Closing Date, and similar agreements that it may enter into
thereafter;           provided, however, that the existence of, or the performance
by any Loan           Party of obligations under, any amendment to any such existing
agreement or any           such similar agreement entered into after the Closing Date
shall only be           permitted by this Section 6.09(e) to the extent not
more adverse to           the interest of the Lenders in any material respect, when taken
as a whole, than           any of such documents and agreements as in effect on the
Closing Date;  

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	 	        (f)              sales
of Qualified Capital Stock of Borrower to Affiliates of Borrower not           otherwise
prohibited by the Loan Documents and the granting of registration and           other
customary rights in connection therewith;  

	 	        (g)              any
transaction with an Affiliate where the only consideration paid by any Loan
          Party is Qualified Capital Stock of Borrower; and  

	 	        (h)              the
Transactions as contemplated by the Transaction Documents.  

        SECTION
6.10     Financial Covenants.  

        (a)    Maximum
Total Leverage Ratio. Permit the Total Leverage Ratio, at the end           of any
three-month period set forth in the table below, to exceed the ratio set           forth
opposite such period in the table below:  

	

	Test Period
	Leverage Ratio

	January 1, 2007 -	3.00 to 1.0
	March 31, 2007
	

	April 1, 2007 -	3.00 to 1.0
	June 30, 2007
	

	July 1, 2007 -	3.00 to 1.0
	September 30, 2007
	

	October 1, 2007 -	2.75 to 1.0
	December 31, 2007
	

	January 1, 2008 -	2.50 to 1.0
	March 31, 2008
	

	April 1, 2008 -	2.50 to 1.0
	June 30, 2008
	

	July 1, 2008 -	2.25 to 1.0
	September 30, 2008
	

	October 1, 2008 -	2.25 to 1.0
	December 31, 2008
	

	January 1, 2009 and thereafter	2.00 to 1.0
	

        (b)    Minimum
Interest Coverage Ratio. Permit the Consolidated Interest           Coverage Ratio,
for any Test Period ending during any period set forth in the           table below, to
be less than the ratio set forth opposite such period in the           table below:  

	

	Test Period
	Interest

Coverage Ratio

	January 1, 2007 -	4.50 to 1.0
	March 31, 2007
	

	April 1, 2007 -	4.50 to 1.0
	June 30, 2007
	

	July 1, 2007 -	4.50 to 1.0
	September 30, 2007
	

-83- 

	

	October 1, 2007 -	4.50 to 1.0
	December 31, 2007
	

	January 1, 2008 -	4.75 to 1.0
	March 31, 2008
	

	April 1, 2008 -	5.25 to 1.0
	June 30, 2008
	

	July 1, 2008 -	5.25 to 1.0
	September 30, 2008
	

	October 1, 2008 -	5.75 to 1.0
	December 31, 2008
	

	January 1, 2009 and thereafter	6.00 to 1.0
	

        (c)    Limitation
on Capital Expenditures. Permit the aggregate amount of           Capital
Expenditures made in any fiscal year set forth below, to exceed the           amount set
forth opposite such fiscal year below:  

	

	Period
	Amount (in millions)

	2007	75.0
	

	2008	60.0
	

	2009	65.0
	

	2010	65.0
	

	2011	70.0
	

	2012	70.0
	

	2013	70.0
	

; provided, however,
that (x) if the aggregate amount of Capital Expenditures made in any fiscal year
shall be less than the maximum amount of Capital Expenditures permitted under this
Section 6.10(c) for such fiscal year (before giving effect to any carryover),
then an amount of such shortfall may be added to the amount of Capital Expenditures
permitted under this Section 6.10(c) for the two immediately succeeding (but
not any other) fiscal years, and (y) in determining whether any amount is available
for carryover, the amount expended in any fiscal year shall first be deemed to be from the
amount allocated to such fiscal year (before giving effect to any carryover). 

        SECTION
6.11    Prepayments of Other Indebtedness; Modifications of
Organizational Documents and Other Documents, etc. Directly or indirectly:  

	 	        (a)              make
(or give any notice in respect thereof) any voluntary or optional payment           or
prepayment on or redemption or acquisition for value of, or any prepayment or
          redemption as a result of any asset sale, change of control or similar event
of,           any Indebtedness outstanding under any Subordinated Indebtedness, except as
          otherwise permitted by this Agreement;  

-84- 

	 	        (b)              amend
or modify, or permit the amendment or modification of, any provision of           any
Transaction Document in any manner that is adverse in any material respect           to
the interests of the Lenders; or  

	 	        (c)              terminate,
amend or modify any of its Organizational Documents (including (x) by           the
filing or modification of any certificate of designation and (y) any           election
to treat any Pledged Securities (as defined in the Security Agreement)           as a
“security” under Section 8-103 of the UCC other than concurrently
          with the delivery of certificates representing such Pledged Securities to the
          Collateral Agent) or any agreement to which it is a party with respect to its
          Equity Interests (including any stockholders’ agreement), or enter into
any           new agreement with respect to its Equity Interests, other than any such
          amendments or modifications or such new agreements which are not adverse in any
          material respect to the interests of the Lenders; provided that Borrower
          may issue such Equity Interests, so long as such issuance is not prohibited by
Section 6.13  or any other provision of this Agreement, and may
          amend or modify its Organizational Documents to authorize any such Equity
          Interests.  

        SECTION
6.12    Limitation on Certain Restrictions on Subsidiaries.
Directly or indirectly, create or otherwise cause or suffer to exist or become effective
any encumbrance or restriction on the ability of any Subsidiary to (a) pay dividends
or make any other distributions on its capital stock or any other interest or
participation in its profits owned by Borrower or any Subsidiary, or pay any Indebtedness
owed to Borrower or a Subsidiary, (b) make loans or advances to Borrower or any
Subsidiary or (c) transfer any of its properties to Borrower or any Subsidiary,
except for such encumbrances or restrictions existing under or by reason of (i) applicable
Requirements of Law; (ii) this Agreement and the other Loan Documents; (iii) customary
provisions restricting subletting or assignment of any lease governing a leasehold
interest of a Subsidiary; (iv) customary provisions restricting assignment of any
agreement entered into by a Subsidiary in the ordinary course of business; (v) any
holder of a Lien permitted by Section 6.02 restricting the transfer of the
property subject thereto; (vi) customary restrictions and conditions contained in
any agreement relating to the sale of any property permitted under Section 6.06 pending
the consummation of such sale; (vii) any agreement in effect at the time such
Subsidiary becomes a Subsidiary of Borrower, so long as such agreement was not entered
into in connection with or in contemplation of such person becoming a Subsidiary of
Borrower; (viii) without affecting the Loan Parties’ obligations under Section 5.11,
customary provisions in partnership agreements, limited liability company organizational
governance documents, asset sale and stock sale agreements and other similar agreements
entered into in the ordinary course of business that restrict the transfer of ownership
interests in such partnership, limited liability company or similar person; (ix)
restrictions on cash or other deposits or net worth imposed by suppliers or landlords
under contracts entered into in the ordinary course of business; (x) any instrument
governing Indebtedness assumed in connection with any Permitted Acquisition, which
encumbrance or restriction is not applicable to any person, or the properties or assets
of any person, other than the person or the properties or assets of the person so
acquired; (xi) in the case of any joint venture which is not a Loan Party in respect
of any matters referred to in clauses (b) and (c) above, restrictions in such person’s
Organizational Documents or pursuant to any joint venture agreement or stockholders
agreements solely to the extent of the Equity Interests of or property held in the
subject joint venture or other entity; (xii) any encumbrances or restrictions imposed by
any instrument governing Indebtedness of a Foreign Subsidiary to the extent such
Indebtedness is permitted under this Agreement or any other Loan Document; or (xiii) any
encumbrances or restrictions imposed by any amendments or refinancings that are otherwise
permitted by the Loan Documents of the contracts, instruments or obligations referred to
in clause (vii) above; provided that such amendments or refinancings are no more
materially restrictive with respect to such encumbrances and restrictions than those
prior to such amendment or refinancing.  

-85- 

        SECTION
6.13    Business. With respect to Borrower
and the Subsidiaries, engage (directly or indirectly) in any business other than those
businesses in which Borrower and its Subsidiaries are engaged on the Closing Date as
described in the Confidential Information Memorandum and businesses reasonably related
thereto.  

        SECTION
6.14    Fiscal Year. Change its fiscal
year-end to a date other than December 31.  

        SECTION
6.15    No Further Negative Pledge. Enter
into any agreement, instrument, deed or lease which prohibits or limits the ability of
any Loan Party to create, incur, assume or suffer to exist any Lien upon any of their
respective properties or revenues, whether now owned or hereafter acquired, or which
requires the grant of any security for an obligation if security is granted for another
obligation, except the following: (1) this Agreement and the other Loan Documents;
(2) covenants in documents creating Liens permitted by Section 6.02 prohibiting
further Liens on the properties encumbered thereby; (3) any other agreement that
does not restrict in any manner (directly or indirectly) Liens created pursuant to the
Loan Documents on any Collateral securing the Secured Obligations and does not require
the direct or indirect granting of any Lien securing any Indebtedness or other obligation
by virtue of the granting of Liens on or pledge of property of any Loan Party to secure
the Secured Obligations; and (4) any prohibition or limitation that (a) exists
pursuant to applicable Requirements of Law, (b) consists of customary restrictions
and conditions contained in any agreement relating to the sale of any property permitted
under Section 6.06 pending the consummation of such sale, (c) restricts
subletting or assignment of any lease governing a leasehold interest of Borrower or a
Subsidiary, (d) exists in any agreement in effect at the time such Subsidiary
becomes a Subsidiary of Borrower, so long as such agreement was not entered into in
contemplation of such person becoming a Subsidiary or (e) is imposed by any
amendments or refinancings that are otherwise permitted by the Loan Documents of the
contracts, instruments or obligations referred to in clause (4)(d); provided that
such amendments and refinancings are no more materially restrictive with respect to such
prohibitions and limitations than those prior to such amendment or refinancing.  

        SECTION
6.16          Anti-Terrorism Law; Anti-Money Laundering. 

        (a)              Directly
or indirectly, (i) knowingly conduct any business or engage in           making or
receiving any contribution of funds, goods or services to or for the           benefit of
any person described in Section 3.19, (ii) knowingly           deal in,
or otherwise engage in any transaction relating to, any property or           interests
in property blocked pursuant to the Executive Order or any other           Anti-Terrorism
Law, or (iii) knowingly engage in or conspire to engage in           any transaction
that evades or avoids, or has the purpose of evading or           avoiding, or attempts
to violate, any of the prohibitions set forth in any           Anti-Terrorism Law (and
the Loan Parties shall deliver to the Lenders any           certification or other
evidence requested from time to time by any Lender in its           reasonable
discretion, confirming the Loan Parties’ compliance with this Section 6.16).  

        (b)              Cause
or permit any of the funds of such Loan Party that are used to repay the           Loans
to be derived from any unlawful activity with the result that the making           of the
Loans would be in violation of any Requirement of Law.  

        SECTION
6.17    Embargoed Person. Cause or permit (a) any
of the funds or properties of the Loan Parties that are used to repay the Loans to
constitute property of, or be beneficially owned directly or indirectly by, any person
subject to sanctions or trade restrictions under United States law (“Embargoed
Person” or “Embargoed Persons”) that is identified on (1) the
“List of Specially Designated Nationals and Blocked Persons” maintained by OFAC
and/or on any other similar list maintained by OFAC pursuant to any authorizing statute
including, but not limited to, the International Emergency Economic Powers Act, 50 U.S.C.
§§ 1701 et seq., The Trading with the Enemy Act, 50 U.S.C. App. 1
et seq., and any Executive Order or Requirement of Law promulgated thereunder,
with the result that the investment in the Loan Parties (whether directly or indirectly)
is prohibited by a Requirement of Law, or the Loans made by the Lenders would be in
violation of a Requirement of Law, or (2) the Executive Order, any related enabling
legislation or any other similar Executive Orders or (b) any Embargoed Person to
have any direct or indirect interest, of any nature whatsoever in the Loan Parties, with
the result that the investment in the Loan Parties (whether directly or indirectly) is
prohibited by a Requirement of Law or the Loans are in violation of a Requirement of Law.  

-86- 

ARTICLE VII  

GUARANTEE 

        SECTION
7.01    The Guarantee. The Guarantors hereby
jointly and severally guarantee, as a primary obligor and not as a surety to each Secured
Party and their respective successors and assigns, the prompt payment in full when due
(whether at stated maturity, by required prepayment, declaration, demand, by acceleration
or otherwise) of the principal of and interest (including any interest, fees, costs or
charges that would accrue but for the provisions of the Title 11 of the United States
Code after any bankruptcy or insolvency petition under Title 11 of the United States
Code) on the Loans made by the Lenders to, and the Notes held by each Lender of,
Borrower, and all other Secured Obligations from time to time owing to the Secured
Parties by any Loan Party under any Loan Document or any Hedging Agreement or Treasury
Services Agreement entered into with a counterparty that is a Secured Party, in each case
strictly in accordance with the terms thereof (such obligations being herein collectively
called the “Guaranteed Obligations”). The Guarantors hereby jointly and
severally agree that if Borrower or other Guarantor(s) shall fail to pay in full when due
(whether at stated maturity, by acceleration or otherwise) any of the Guaranteed
Obligations, the Guarantors will promptly pay the same in cash, without any demand or
notice whatsoever, and that in the case of any extension of time of payment or renewal of
any of the Guaranteed Obligations, the same will be promptly paid in full when due
(whether at extended maturity, by acceleration or otherwise) in accordance with the terms
of such extension or renewal.  

        SECTION
7.02    Obligations Unconditional. The
obligations of the Guarantors under Section 7.01 shall constitute a guaranty
of payment and to the fullest extent permitted by applicable Requirements of Law, are
absolute, irrevocable and unconditional, joint and several, irrespective of the value,
genuineness, validity, regularity or enforceability of the Guaranteed Obligations of
Borrower under this Agreement, the Notes, if any, or any other agreement or instrument
referred to herein or therein, or any substitution, release or exchange of any other
guarantee of or security for any of the Guaranteed Obligations, and, irrespective of any
other circumstance whatsoever that might otherwise constitute a legal or equitable
discharge or defense of a surety or Guarantor (except for payment in full in cash).
Without limiting the generality of the foregoing, it is agreed that the occurrence of any
one or more of the following shall not alter or impair the liability of the Guarantors
hereunder which shall remain absolute, irrevocable and unconditional under any and all
circumstances as described above:  

	 	        (i)              at
any time or from time to time, without notice to the Guarantors, the time for
          any performance of or compliance with any of the Guaranteed Obligations shall
be           extended, or such performance or compliance shall be waived;  

-87- 

	 	        (ii)              any
of the acts mentioned in any of the provisions of this Agreement or the           Notes,
if any, or any other agreement or instrument referred to herein or           therein
shall be done or omitted;  

	 	        (iii)              the
maturity of any of the Guaranteed Obligations shall be accelerated, or any           of
the Guaranteed Obligations shall be amended in any respect, or any right           under
the Loan Documents or any other agreement or instrument referred to herein           or
therein shall be amended or waived in any respect or any other guarantee of           any
of the Guaranteed Obligations or any security therefor shall be released or
          exchanged in whole or in part or otherwise dealt with;  

	 	        (iv)              any
Lien or security interest granted to, or in favor of, Issuing Bank or any
          Lender or Agent as security for any of the Guaranteed Obligations shall fail to
          be perfected; or  

	 	        (v)              the
release of any other Guarantor pursuant to Section 7.09.  

        The
Guarantors hereby expressly waive diligence, presentment, demand of payment, protest and
all notices whatsoever, and any requirement that any Secured Party exhaust any right,
power or remedy or proceed against Borrower under this Agreement or the Notes, if any, or
any other agreement or instrument referred to herein or therein, or against any other
person under any other guarantee of, or security for, any of the Guaranteed Obligations.
The Guarantors waive any and all notice of the creation, renewal, extension, waiver,
termination or accrual of any of the Guaranteed Obligations and notice of or proof of
reliance by any Secured Party upon this Guarantee or acceptance of this Guarantee, and the
Guaranteed Obligations, and any of them, shall conclusively be deemed to have been
created, contracted or incurred in reliance upon this Guarantee, and all dealings between
Borrower and the Secured Parties shall likewise be conclusively presumed to have been had
or consummated in reliance upon this Guarantee. This Guarantee shall be construed as a
continuing, absolute, irrevocable and unconditional guarantee of payment without regard to
any right of offset with respect to the Guaranteed Obligations at any time or from time to
time held by Secured Parties, and the obligations and liabilities of the Guarantors
hereunder shall not be conditioned or contingent upon the pursuit by the Secured Parties
or any other person at any time of any right or remedy against Borrower or against any
other person which may be or become liable in respect of all or any part of the Guaranteed
Obligations or against any collateral security or guarantee therefor or right of offset
with respect thereto. This Guarantee shall remain in full force and effect and be binding
in accordance with and to the extent of its terms upon the Guarantors and the successors
and assigns thereof, and shall inure to the benefit of the Lenders, and their respective
successors and assigns, notwithstanding that from time to time during the term of this
Agreement there may be no Guaranteed Obligations outstanding. 

        SECTION
7.03    Reinstatement. The obligations of
the Guarantors under this Article VII shall be automatically reinstated if
and to the extent that for any reason any payment by or on behalf of Borrower or other
Loan Party in respect of the Guaranteed Obligations is rescinded or must be otherwise
restored by any holder of any of the Guaranteed Obligations, whether as a result of any
proceedings in bankruptcy or reorganization or otherwise.  

        SECTION
7.04    Subrogation; Subordination. Each
Guarantor hereby agrees that until the indefeasible payment and satisfaction in full in
cash of all Guaranteed Obligations and the expiration and termination of the Commitments
of the Lenders under this Agreement it shall waive any claim and shall not exercise any
right or remedy, direct or indirect, arising by reason of any performance by it of its
guarantee in Section 7.01, whether by subrogation or otherwise, against
Borrower or any other Guarantor of any of the Guaranteed Obligations or any security for
any of the Guaranteed Obligations. Any Indebtedness of any Loan Party permitted pursuant
to Section 6.01(d) shall be subordinated to such Loan Party’s Secured
Obligations in the manner set forth in the Intercompany Note evidencing such
Indebtedness.  

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        SECTION
7.05    Remedies. The Guarantors jointly and
severally agree that, as between the Guarantors and the Lenders, the obligations of
Borrower under this Agreement and the Notes, if any, may be declared to be forthwith due
and payable as provided in Section 8.01 (and shall be deemed to have become
automatically due and payable in the circumstances provided in Section 8.01)
for purposes of Section 7.01, notwithstanding any stay, injunction or other
prohibition preventing such declaration (or such obligations from becoming automatically
due and payable) as against Borrower and that, in the event of such declaration (or such
obligations being deemed to have become automatically due and payable), such obligations
(whether or not due and payable by Borrower) shall forthwith become due and payable by
the Guarantors for purposes of Section 7.01.  

        SECTION
7.06    Instrument for the Payment of Money.
Each Guarantor hereby acknowledges that the guarantee in this Article VII constitutes
an instrument for the payment of money, and consents and agrees that any Lender or Agent,
at its sole option, in the event of a dispute by such Guarantor in the payment of any
moneys due hereunder, shall have the right to bring a motion-action under New York CPLR
Section 3213.  

        SECTION
7.07    Continuing Guarantee. The guarantee
in this Article VII is a continuing guarantee of payment, and shall apply to
all Guaranteed Obligations whenever arising.  

        SECTION
7.08    General Limitation on Guarantee Obligations.
In any action or proceeding involving any state corporate limited partnership or limited
liability company law, or any applicable state, federal or foreign bankruptcy,
insolvency, reorganization or other law affecting the rights of creditors generally, if
the obligations of any Guarantor under Section 7.01 would otherwise be held
or determined to be void, voidable, invalid or unenforceable, or subordinated to the
claims of any other creditors, on account of the amount of its liability under Section 7.01,
then, notwithstanding any other provision to the contrary, the amount of such liability
shall, without any further action by such Guarantor, any Loan Party or any other person,
be automatically limited and reduced to the highest amount (after giving effect to the
right of contribution established in Section 7.10) that is valid and enforceable
and not subordinated to the claims of other creditors as determined in such action or
proceeding.  

        SECTION
7.09    Release of Guarantors. If, in
compliance with the terms and provisions of the Loan Documents, all or substantially all
of the Equity Interests or property of any Guarantor are sold or otherwise transferred (a
“Transferred Guarantor”) to a person or persons, none of which is Borrower or a
Subsidiary, such Transferred Guarantor shall, upon the consummation of such sale or
transfer, be automatically released from its obligations under this Agreement (including
under Section 10.03 hereof) and its obligations to pledge and grant any Collateral owned
by it pursuant to any Security Document and, in the case of a sale of all or
substantially all of the Equity Interests of the Transferred Guarantor, the pledge of
such Equity Interests to the Collateral Agent pursuant to the Security Agreements shall
be automatically released, and, so long as Borrower shall have provided the Agents such
certifications or documents as any Agent shall reasonably request, the Collateral Agent
shall take such actions as are necessary to effect each release described in this Section
7.09 in accordance with the relevant provisions of the Security Documents, so long as
Borrower shall have provided the Agents such certifications or documents as any Agent
shall reasonably request in order to demonstrate compliance with this Agreement.  

-89- 

        SECTION
7.10    Right of ContributionEach Subsidiary
Guarantor hereby agrees that to the extent that a Subsidiary Guarantor shall have paid
more than its proportionate share of any payment made hereunder, such Subsidiary
Guarantor shall be entitled to seek and receive contribution from and against any other
Subsidiary Guarantor hereunder which has not paid its proportionate share of such
payment. Each Subsidiary Guarantor’s right of contribution shall be subject to the
terms and conditions of Section 7.04. The provisions of this Section 7.10 shall
in no respect limit the obligations and liabilities of any Subsidiary Guarantor to the
Administrative Agent, the Issuing Bank, the Swingline Lender and the Lenders, and each
Subsidiary Guarantor shall remain liable to the Administrative Agent, the Issuing Bank,
the Swingline Lender and the Lenders for the full amount guaranteed by such Subsidiary
Guarantor hereunder. 

ARTICLE VIII 

EVENTS OF DEFAULT 

        SECTION
8.01ARTICLE VIIIEvents of Default. Upon the occurrence
and during the continuance of the following events (“Events of Default”):  

	 	        (a)              default
shall be made in the payment of any principal of any Loan or any           Reimbursement
Obligation when and as the same shall become due and payable,           whether at the
due date thereof (including a Term Loan Repayment Date) or at a           date fixed for
prepayment (whether voluntary or mandatory) thereof or by           acceleration thereof
or otherwise;  

	 	        (b)              default
shall be made in the payment of any interest on any Loan or any Fee or           any
other amount (other than an amount referred to in paragraph (a) above)           due
under any Loan Document, when and as the same shall become due and payable,           and
such default shall continue unremedied for a period of three Business Days;  

	 	        (c)              any
representation or warranty made or deemed made in or in connection with any
          Loan Document or the borrowings or issuances of Letters of Credit hereunder, or
          any representation, warranty, statement or information contained in any report,
          certificate, financial statement or other instrument furnished in connection
          with or pursuant to any Loan Document, shall prove to have been false or
          misleading in any material respect when so made, deemed made or furnished;  

	 	        (d)              default
shall be made in the due observance or performance by any Company of any
          covenant, condition or agreement contained in Section 5.02, 5.03(a) or
5.08 or in Article VI;  

	 	        (e)              default
shall be made in the due observance or performance by any Company of any
          covenant, condition or agreement contained in any Loan Document (other than
          those specified in paragraphs (a), (b) or (d) immediately above) and such
          default shall continue unremedied or shall not be waived for a period of
          30 days after written notice thereof from the Administrative Agent or any
          Lender to Borrower;  

	 	        (f)              any
Company shall (i) fail to pay any principal or interest, regardless of
          amount, due in respect of any Indebtedness (other than the Obligations), when
          and as the same shall become due and payable beyond any applicable grace
period,           or (ii) fail to observe or perform any other term, covenant,
condition or           agreement contained in any agreement or instrument evidencing or
governing any           such Indebtedness if the effect of any failure referred to in
this           clause (ii) is to cause, or to permit the holder or holders of such
          Indebtedness or a trustee or other representative on its or their behalf (with
          or without the giving of notice, the lapse of time or both) to cause, such
          Indebtedness to become due prior to its stated maturity or become subject to a
          mandatory offer purchase by the obligor; provided that it shall not
          constitute an Event of Default pursuant to this paragraph (f) unless the
          aggregate amount of all such Indebtedness referred to in clauses (i) and
          (ii) exceeds $10,000,000 at any one time (provided that, in the case of
          Hedging Obligations, the amount counted for this purpose shall be the amount
          payable by all Companies if such Hedging Obligations were terminated at such
          time);  

-90- 

	 	        (g)              an
involuntary proceeding shall be commenced or an involuntary petition shall be
          filed in a court of competent jurisdiction seeking (i) relief in respect
of           the Borrower or any Material Subsidiary, or of a substantial part of the
          property of the Borrower or any Material Subsidiary, under Title 11 of the U.S.
          Code, as now constituted or hereafter amended, or any other federal, state or
          foreign bankruptcy, insolvency, receivership or similar law; (ii) the
          appointment of a receiver, trustee, custodian, sequestrator, conservator or
          similar official for the Borrower or any Material Subsidiary or for a
          substantial part of the property of the Borrower or any Material Subsidiary; or
          (iii) the winding-up or liquidation of the Borrower or any Material
          Subsidiary; and such proceeding or petition shall continue undismissed for
          60 days or an order or decree approving or ordering any of the foregoing
          shall be entered;  

	 	        (h)              the
Borrower or any Material Subsidiary shall (i) voluntarily commence any
          proceeding or file any petition seeking relief under Title 11 of the
United           States Code, as now constituted or hereafter amended, or any other
federal,           state or foreign bankruptcy, insolvency, receivership or similar law;
          (ii) consent to the institution of, or fail to contest in a timely and
          appropriate manner, any proceeding or the filing of any petition described in
          clause (g) above; (iii) apply for or consent to the appointment of a
          receiver, trustee, custodian, sequestrator, conservator or similar official for
          the Borrower or any Material Subsidiary or for a substantial part of the
          property of the Borrower or any Material Subsidiary; (iv) file an answer
          admitting the material allegations of a petition filed against it in any such
          proceeding; (v) make a general assignment for the benefit of creditors;
          (vi) become unable, admit in writing its inability or fail generally to
pay           its debts as they become due; (vii) take any action for the purpose of
          effecting any of the foregoing; or (viii) the Borrower shall wind up or
          liquidate;  

	 	        (i)              one
or more judgments, orders or decrees for the payment of money in an           aggregate
amount in excess of $10,000,000 shall be rendered against the Borrower           or any
Material Subsidiary or any combination thereof and the same shall remain
          undischarged, unvacated or unbonded for a period of 30 consecutive days during
          which execution shall not be effectively stayed, or any action shall be legally
          taken by a judgment creditor to levy upon properties of the Borrower or any
          Material Subsidiary to enforce any such judgment;  

	 	        (j)              one
or more ERISA Events shall have occurred that, in the opinion of the           Required
Lenders, when taken together with all other such ERISA Events, could           reasonably
be expected to result in liability of any Company and its ERISA           Affiliates in
an aggregate amount exceeding $10,000,000 or in the imposition of           a Lien on any
properties of a Company;  

	 	        (k)              any
security interest and Lien purported to be created by any Security Document
          shall cease to be in full force and effect, or shall cease to give the
          Collateral Agent, for the benefit of the Secured Parties, the Liens, rights,
          powers and privileges purported to be created and granted under such Security
          Document (including a perfected first priority security interest in and Lien on
          all of the Collateral thereunder (except as otherwise expressly provided in
such           Security Document)) in favor of the Collateral Agent, or shall be asserted
by           Borrower or any other Loan Party not to be a valid, perfected, first
priority           (except as otherwise expressly provided in this Agreement or such
Security           Document) security interest in or Lien on the Collateral covered
thereby;  

-91- 

	 	        (l)              any
Loan Document or any material provisions thereof shall at any time and for           any
reason be declared by a court of competent jurisdiction to be null and void,           or
a proceeding shall be commenced by any Loan Party or any other person, or by
          any Governmental Authority, seeking to establish the invalidity or
          unenforceability thereof (exclusive of questions of interpretation of any
          provision thereof), or any Loan Party shall repudiate or deny any portion of
its           liability or obligation for the Obligations;  

	 	        (m)              there
shall have occurred a Change in Control;  

	 	        (n)              any
Company shall be prohibited or otherwise restrained from conducting the
          business theretofore conducted by it in any manner that has or could reasonably
          be expected to result in a Material Adverse Effect by virtue of any
          determination, ruling, decision, decree or order of any court or Governmental
          Authority of competent jurisdiction;  

then, and in every such event (other
than an event with respect to Borrower described in paragraph (g) or (h) above), and
at any time thereafter during the continuance of such event, the Administrative Agent may,
and at the request of the Required Lenders shall, by notice to Borrower, take either or
both of the following actions, at the same or different times: (i) terminate
forthwith the Commitments and (ii) declare the Loans and Reimbursement Obligations
then outstanding to be forthwith due and payable in whole or in part, whereupon the
principal of the Loans and Reimbursement Obligations so declared to be due and payable,
together with accrued interest thereon and any unpaid accrued Fees and all other
Obligations of Borrower accrued hereunder and under any other Loan Document, shall become
forthwith due and payable, without presentment, demand, protest or any other notice of any
kind, all of which are hereby expressly waived by Borrower and the Guarantors, anything
contained herein or in any other Loan Document to the contrary notwithstanding; and in any
event, with respect to Borrower described in paragraph (g) or (h) above, the
Commitments shall automatically terminate and the principal of the Loans and Reimbursement
Obligations then outstanding, together with accrued interest thereon and any unpaid
accrued Fees and all other Obligations of Borrower accrued hereunder and under any other
Loan Document, shall automatically become due and payable, without presentment, demand,
protest or any other notice of any kind, all of which are hereby expressly waived by
Borrower and the Guarantors, anything contained herein or in any other Loan Document to
the contrary notwithstanding. 

        SECTION
8.02    Rescission. If at any time after
termination of the Commitments or acceleration of the maturity of the Loans, Borrower
shall pay all arrears of interest and all payments on account of principal of the Loans
and Reimbursement Obligations owing by it that shall have become due otherwise than by
acceleration (with interest on principal and, to the extent permitted by law, on overdue
interest, at the rates specified herein) and all Defaults (other than non-payment of
principal of and accrued interest on the Loans due and payable solely by virtue of
acceleration) shall be remedied or waived pursuant to Section 10.02, then
upon the written consent of the Required Lenders and written notice to Borrower, the
termination of the Commitments or the acceleration and their consequences may be
rescinded and annulled; but such action shall not affect any subsequent Default or impair
any right or remedy consequent thereon. The provisions of the preceding sentence are
intended merely to bind the Lenders and the Issuing Bank to a decision that may be made
at the election of the Required Lenders, and such provisions are not intended to benefit
Borrower and do not give Borrower the right to require the Lenders to rescind or annul
any acceleration hereunder, even if the conditions set forth herein are met.  

-92- 

        SECTION
8.03    Application of Proceeds. The
proceeds received by the Collateral Agent in respect of any sale of, collection from or
other realization upon all or any part of the Collateral pursuant to the exercise by the
Collateral Agent of its remedies shall be applied, in full or in part, together with any
other sums then held by the Collateral Agent pursuant to this Agreement, promptly by the
Collateral Agent as follows:  

	 	        (a)    First,
to the payment of all reasonable costs and expenses, fees,           commissions and
taxes of such sale, collection or other realization including           compensation to
the Collateral Agent and its agents and counsel, and all           expenses, liabilities
and advances made or incurred by the Collateral Agent in           connection therewith
and all amounts for which the Collateral Agent is entitled           to indemnification
pursuant to the provisions of any Loan Document, together           with interest on each
such amount at the highest rate then in effect under this           Agreement from and
after the date such amount is due, owing or unpaid until paid           in full;  

	 	        (b)    Second,
to the payment of all other reasonable costs and expenses of such           sale,
collection or other realization including compensation to the other           Secured
Parties and their agents and counsel and all costs, liabilities and           advances
made or incurred by the other Secured Parties in connection therewith,           together
with interest on each such amount at the highest rate then in effect           under this
Agreement from and after the date such amount is due, owing or unpaid           until
paid in full;  

	 	        (c)    Third,
without duplication of amounts applied pursuant to           clauses (a) and (b)
above, to the indefeasible payment in full in cash, pro rata, of interest and
other amounts constituting Obligations (other           than principal and Reimbursement
Obligations) and any fees, premiums and           scheduled periodic payments due under
Hedging Agreements or Treasury Services           Agreements constituting Secured
Obligations and any interest accrued thereon, in           each case equally and ratably
in accordance with the respective amounts thereof           then due and owing;  

	 	        (d)    Fourth,
to the indefeasible payment in full in cash, pro rata, of           principal
amount of the Obligations and any premium thereon (including           Reimbursement
Obligations) and any breakage, termination or other payments under           Hedging
Agreements and Treasury Services Agreements constituting Secured           Obligations
and any interest accrued thereon; and  

	 	        (e)    Fifth,
the balance, if any, to the person lawfully entitled thereto           (including the
applicable Loan Party or its successors or assigns) or as a court           of competent
jurisdiction may direct.  

        In
the event that any such proceeds are insufficient to pay in full the items described in
clauses (a) through (e) of this Section 8.03, the Loan Parties shall
remain liable, jointly and severally, for any deficiency. 

ARTICLE IX  

THE ADMINISTRATIVE
AGENT AND THE COLLATERAL AGENT 

        SECTION
9.01    Appointment and Authority. Each of
the Lenders and the Issuing Bank hereby irrevocably appoints UBS AG, Stamford Branch, to
act on its behalf as the Administrative Agent and the Collateral Agent hereunder and
under the other Loan Documents and authorizes such Agents to take such actions on its
behalf and to exercise such powers as are delegated to such Agents by the terms hereof or
thereof, together with such actions and powers as are reasonably incidental thereto. The
provisions of this Article are solely for the benefit of the Administrative Agent, the
Collateral Agent, the Lenders and the Issuing Bank, and neither Borrower nor any other
Loan Party shall have rights as a third party beneficiary of any of such provisions.  

-93- 

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

        SECTION
9.03    Exculpatory Provisions(a) . No Agent
shall have any duties or obligations except those expressly set forth herein and in the
other Loan Documents. Without limiting the generality of the foregoing, no Agent:  

	 	        (i)              shall
be subject to any fiduciary or other implied duties, regardless of whether           a
Default has occurred and is continuing;  

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

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

No Agent shall be liable for any
action taken or not taken by it (x) with the consent or at the request of the
Required Lenders (or such other number or percentage of the Lenders as shall be necessary,
or as such Agent shall believe in good faith shall be necessary, under the circumstances
as provided in Section 10.02) or (y) in the absence of its own gross
negligence or willful misconduct. No Agent shall be deemed to have knowledge of any
Default unless and until notice describing such Default is given to such Agent by
Borrower, a Lender or the Issuing Bank. 

        No
Agent shall be responsible for or have any duty to ascertain or inquire into (i) any
statement, warranty or representation made in or in connection with this Agreement or any
other Loan Document, (ii) the contents of any certificate, report or other document
delivered hereunder or thereunder or in connection herewith or therewith, (iii) the
performance or observance of any of the covenants, agreements or other terms or conditions
set forth herein or therein or the occurrence of any Default, (iv) the validity,
enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or
any other agreement, instrument or document or (v) the satisfaction of any condition
set forth in Article IV or elsewhere herein, other than to confirm receipt of
items expressly required to be delivered to such Agent. Without limiting the generality of
the foregoing, the use of the term “agent” in this Agreement with reference to
the Administrative Agent or the Collateral Agent is not intended to connote any fiduciary
or other implied (or express) obligations arising under agency doctrine of any applicable
law. Instead, such term us used merely as a matter of market custom and is intended to
create or reflect only an administrative relationship between independent contracting
parties. 

-94- 

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

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

        SECTION
9.06    Resignation of Agent. Each Agent may
at any time give notice of its resignation to the Lenders, the Issuing Bank and Borrower.
Upon receipt of any such notice of resignation, the Required Lenders shall have the
right, in consultation with Borrower, to appoint a successor, which shall be a bank with
an office in the United States, or an Affiliate of any such bank with an office in the
United States. If no such successor shall have been so appointed by the Required Lenders
and shall have accepted such appointment within 30 days after the retiring Agent
gives notice of its resignation, then the retiring Agent may on behalf of the Lenders and
the Issuing Bank, appoint a successor Agent meeting the qualifications set forth above
provided that if the Agent shall notify Borrower and the Lenders that no qualifying
person has accepted such appointment, then such resignation shall nonetheless become
effective in accordance with such notice and (1) the retiring Agent shall be
discharged from its duties and obligations hereunder and under the other Loan Documents
(except that in the case of any collateral security held by the Collateral Agent on
behalf of the Lenders or the Issuing Bank under any of the Loan Documents, the retiring
Collateral Agent shall continue to hold such collateral security as nominee until such
time as a successor Collateral Agent is appointed) and (2) all payments,
communications and determinations provided to be made by, to or through an Agent shall
instead be made by or to each Lender and the Issuing Bank directly, until such time as
the Required Lenders appoint a successor Agent as provided for above in this paragraph.
Upon the acceptance of a successor’s appointment as Agent hereunder, such successor
shall succeed to and become vested with all of the rights, powers, privileges and duties
of the retiring (or retired) Agent, and the retiring Agent shall be discharged from all
of its duties and obligations hereunder or under the other Loan Documents (if not already
discharged therefrom as provided above in this paragraph). The fees payable by Borrower
to a successor Agent shall be the same as those payable to its predecessor unless
otherwise agreed between Borrower and such successor. After the retiring Agent’s
resignation hereunder and under the other Loan Documents, the provisions of this Article IX and
Section 10.03 shall continue in effect for the benefit of such retiring
Agent, its sub-agents and their respective Related Parties in respect of any actions
taken or omitted to be taken by any of them while the retiring Agent was acting as Agent.  

-95- 

        SECTION
9.07    Non-Reliance on Agent and Other Lenders.
Each Lender and the Issuing Bank acknowledges that it has, independently and without
reliance upon any Agent or any other Lender and based on such documents and information
as it has deemed appropriate, made its own credit analysis and decision to enter into
this Agreement. Each Lender further represents and warrants that it has reviewed the
Confidential Information Memorandum and each other document made available to it on the
Platform in connection with this Agreement and has acknowledged and accepted the terms
and conditions applicable to the recipients thereof. Each Lender and the Issuing Bank
also acknowledges that it will, independently and without reliance upon any Agent or any
other Lender and based on such documents and information as it shall from time to time
deem appropriate, continue to make its own decisions in taking or not taking action under
or based upon this Agreement, any other Loan Document or any related agreement or any
document furnished hereunder or thereunder.  

        SECTION
9.08    No Other Duties, etc. Anything
herein to the contrary notwithstanding, none of the Bookmanagers, Arrangers, Syndication
Agents, or Documentation Agents listed on the cover page hereof shall have any powers,
duties or responsibilities under this Agreement or any of the other Loan Documents,
except in its capacity, as applicable, as the Administrative Agent, the Collateral Agent,
a Lender or the Issuing Bank hereunder.  

ARTICLE X  

MISCELLANEOUS 

        SECTION
10.01     Notices.  

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

	 	        (i)              if
to any Loan Party, to Borrower at:  

	 	
Banta
Corporation 
225 Main Street, Box 8003 
Menasha, WI 54952-8003 
Attention: General Counsel

Telecopier No.: (920) 751-7792 
Telephone No.:  (920) 751-7188 

	 	        (ii)              if
to the Administrative Agent, the Collateral Agent or Issuing Bank, to it at:  

-96- 

	 	
UBS
AG, Stamford Branch 
677 Washington Boulevard 
Stamford, Connecticut 06901 
Attention:
Christopher Gomes 
Telecopier No.: (203) 719-4176  
Telephone No.:  (203)
719-3241 

	 	        (iii)              if
to a Lender, to it at its address (or telecopier number) set forth in its
          Administrative Questionnaire; and  

	 	        (iv)              if
to the Swingline Lender, to it at:  

	 	
UBS
Loan Finance LLC 
677 Washington Boulevard 
Stamford, Connecticut 06901 
Attention:
Christopher Gomes 
Telecopier No.: (203) 719-4176  
Telephone No.:  (203)
719-3241 

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

        (b)    Electronic
Communications. Notices and other communications to the           Lenders and the
Issuing Bank hereunder may (subject to Section 10.01(d))           be delivered or
furnished by electronic communication (including e-mail and           Internet or
intranet websites) pursuant to procedures approved by the           Administrative Agent;
provided that the foregoing shall not apply to           notices to any Lender or
the Issuing Bank pursuant to Article II if           such Lender or the
Issuing Bank, as applicable, has notified the Administrative           Agent that it is
incapable of receiving notices under such Article by electronic           communication.
The Administrative Agent, the Collateral Agent or Borrower may,           in its
discretion, agree to accept notices and other communications to it           hereunder by
electronic communications pursuant to procedures approved by it           (including as
set forth in Section 10.01(d)); provided that           approval of such
procedures may be limited to particular notices or           communications.  

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

-97- 

        (c)    Change
of Address, etc. Any party hereto may change its address,           telecopier number
or telephone number for notices and other communications           hereunder by notice to
the other parties hereto.  

        (d)    Posting.
Each Loan Party hereby agrees that it will provide to the           Administrative Agent
all information, documents and other materials that it is           obligated to furnish
to the Administrative Agent pursuant to this Agreement and           any other Loan
Document, including all notices, requests, financial statements,           financial and
other reports, certificates and other information materials, but           excluding any
such communication that (i) relates to a request for a new,           or a
conversion of an existing, Borrowing or other extension of credit           (including
any election of an interest rate or interest period relating           thereto), (ii) relates
to the payment of any principal or other amount due           under this Agreement prior
to the scheduled date therefor, (iii) provides           notice of any Default under
this Agreement or (iv) is required to be           delivered to satisfy any
condition precedent to the effectiveness of this           Agreement and/or any borrowing
or other extension of credit hereunder (all such           non-excluded communications,
collectively, the “Communications”), by           transmitting the
Communications in an electronic/soft medium in a format           reasonably acceptable
to the Administrative Agent at (x)           Christopher.Gomes@ubs.com, (y)
Toba.Lumbantobing@ubs.com, and (z)           Michael.Cerniglia@ubs.com, or at such other
e-mail address(es) provided to           Borrower from time to time or in such other
form, including hard copy delivery           thereof, as the Administrative Agent shall
reasonably require. In addition, each           Loan Party agrees to continue to provide
the Communications to the           Administrative Agent in the manner specified in this
Agreement or any other Loan           Document or in such other form, including hard copy
delivery thereof, as the           Administrative Agent shall reasonably require. Nothing
in this Section           10.01 shall prejudice the right of the Agents, any
Lender or any Loan Party           to give any notice or other communication pursuant to
this Agreement or any           other Loan Document in any other manner specified in this
Agreement or any other           Loan Document or as any such Agent shall require.  

        To
the extent consented to by the Administrative Agent in writing from time to time,
Administrative Agent agrees that receipt of the Communications by the Administrative Agent
at its e-mail address(es) set forth above shall constitute effective delivery of the
Communications to the Administrative Agent for purposes of the Loan Documents;
provided that Borrower shall also deliver to the Administrative Agent an executed
original of each Compliance Certificate required to be delivered hereunder. 

        Each
Loan Party further agrees that Administrative Agent may make the Communications available
to the Lenders by posting the Communications on Intralinks or a substantially similar
electronic transmission system (the “Platform”). The Platform is provided
“as is” and “as available.” The Agents do not warrant the accuracy or
completeness of the Communications, or the adequacy of the Platform and expressly disclaim
liability for errors or omissions in the communications. No warranty of any kind, express,
implied or statutory, including, without limitation, any warranty of merchantability,
fitness for a particular purpose, non-infringement of third party rights or freedom from
viruses or other code defects, is made by any Agent in connection with the Communications
or the Platform. In no event shall the Administrative Agent or any of its Related Parties
have any liability to the Loan Parties, any Lender or any other person for damages of any
kind, including direct or indirect, special, incidental or consequential damages, losses
or expenses (whether in tort, contract or otherwise) arising out of any Loan Party’s
or the Administrative Agent’s transmission of communications through the Internet,
except to the extent the liability of such person is found in a final non-appealable
judgment by a court of competent jurisdiction to have resulted from such person’s
gross negligence or willful misconduct. 

-98- 

        SECTION
10.02     Waivers; Amendment.  

        (a)    Generally.
No failure or delay by any Agent, the Issuing Bank or any           Lender in exercising
any right or power hereunder or under any other Loan           Document shall operate as
a waiver thereof, nor shall any single or partial           exercise of any such right or
power, or any abandonment or discontinuance of           steps to enforce such a right or
power, preclude any other or further exercise           thereof or the exercise of any
other right or power. The rights and remedies of           each Agent, the Issuing Bank
and the Lenders hereunder and under the other Loan           Documents are cumulative and
are not exclusive of any rights or remedies that           they would otherwise have. No
waiver of any provision of any Loan Document or           consent to any departure by any
Loan Party therefrom shall in any event be           effective unless the same shall be
permitted by this Section 10.02, and           then such waiver or consent shall
be effective only in the specific instance and           for the purpose for which given.
Without limiting the generality of the           foregoing, the making of a Loan or
issuance of a Letter of Credit shall not be           construed as a waiver of any
Default, regardless of whether any Agent, any           Lender or the Issuing Bank may
have had notice or knowledge of such Default at           the time. No notice or demand
on Borrower in any case shall entitle Borrower to           any other or further notice
or demand in similar or other circumstances.  

        (b)    Required
Consents. Subject to Section 10.02(c) or (d),           neither this
Agreement nor any other Loan Document nor any provision hereof or           thereof may
be waived, amended, supplemented or modified except, in the case of           this
Agreement, pursuant to an agreement or agreements in writing entered into           by
Borrower and the Required Lenders or, in the case of any other Loan Document,
          pursuant to an agreement or agreements in writing entered into by the
          Administrative Agent, the Collateral Agent (in the case of any Security
          Document) and the Loan Party or Loan Parties that are party thereto, in each
          case with the written consent of the Required Lenders; provided that no
          such agreement shall be effective if the effect thereof would:  

	 	        (i)              increase
the Commitment of any Lender without the written consent of such Lender           (it
being understood that no amendment, modification, termination, waiver or
          consent with respect to any condition precedent, covenant or Default shall
          constitute an increase in the Commitment of any Lender);  

	 	        (ii)              reduce
the principal amount or premium of any Loan or LC Disbursement or reduce           the
rate of interest thereon (other than interest pursuant to Section           2.06(c)),
or reduce any Fees payable hereunder, or change the form or           currency of payment
of any Obligation, without the written consent of each           Lender directly affected
thereby (it being understood that any amendment or           modification to the
financial definitions in this Agreement shall not constitute           a reduction in the
rate of interest for purposes of this clause (ii));  

	 	        (iii)              (A)
change the scheduled final maturity of any Loan, or any scheduled date of
          payment of or the installment otherwise due on the principal amount of any Term
          Loan under Section 2.09, (B) postpone the date for payment of any
          Reimbursement Obligation or any interest or fees payable hereunder, (C) change
          the amount of, waive or excuse any such payment (other than waiver of any
          increase in the interest rate pursuant to Section 2.06(c)), or (D)
          postpone the scheduled date of expiration of any Commitment or any Letter of
          Credit beyond the Revolving Maturity Date, in any case, without the written
          consent of each Lender directly affected thereby;  

	 	        (iv)              increase
the maximum duration of Interest Periods hereunder, without the written           consent
of each Lender directly affected thereby;  

-99- 

	 	        (v)              permit
the assignment or delegation by Borrower of any of its rights or           obligations
under any Loan Document, without the written consent of each Lender;  

	 	        (vi)              release
all or substantially all of the Subsidiary Guarantors from their           Guarantee
(except as expressly provided in Article VII), or limit           their
liability in respect of such Guarantee, without the written consent of           each
Lender;  

	 	        (vii)              release
all or substantially all the Collateral from the Liens of the Security
          Documents or alter the relative priorities of the Secured Obligations entitled
          to the Liens of the Security Documents, in each case without the written
consent           of each Lender (it being understood that additional Classes of Loans
consented           to by the Required Lenders may be equally and ratably secured by the
Collateral           with the then existing Secured Obligations under the Security
Documents);  

	 	        (viii)              change
Section 2.14(b), (c) or (d) or Section           8.03 in
a manner that would alter the pro rata sharing of payments or           setoffs
required thereby or any other provision in a manner that would alter the pro rata allocation
among the Lenders of Loan disbursements, including           the requirements of Sections
2.02(a), 2.17(d) and 2.18(d),           without the written consent of
each Lender directly affected thereby;  

	 	        (ix)              change
any provision of this Section 10.02(b) or Section           10.02(c) or
(d), without the written consent of each Lender directly           affected
thereby (except for additional restrictions on amendments or waivers           for the
benefit of Lenders of additional Classes of Loans consented to by the           Required
Lenders);  

	 	        (x)              change
the percentage set forth in the definition of “Required           Lenders,” “Required
Class Lenders,” “Required Revolving           Lenders” or any other
provision of any Loan Document (including this           Section) specifying the number
or percentage of Lenders (or Lenders of any           Class) required to waive, amend or
modify any rights thereunder or make any           determination or grant any consent
thereunder, without the written consent of           each Lender (or each Lender of such
Class, as the case may be), other than to           increase such percentage or number or
to give any additional Lender or group of           Lenders such right to waive, amend or
modify or make any such determination or           grant any such consent;  

	 	        (xi)              change
the application of prepayments as among or between Classes under Section 2.10(h),
without the written consent of the Required Class           Lenders of each Class that is
being allocated a lesser prepayment as a result           thereof (it being understood
that the Required Lenders may waive, in whole or in           part, any prepayment so
long as the application, as between Classes, of any           portion of such prepayment
that is still required to be made is not changed and,           if additional Classes of
Term Loans under this Agreement consented to by the           Required Lenders are made,
such new Term Loans may be included on a pro rata basis in the various prepayments
required pursuant to Section 2.10(h));  

	 	        (xii)              change
or waive the application of prepayments of Term Loans of any Class set           forth in
Section 2.10(h) to the remaining scheduled amortization           payments to
be made thereon under Section 2.09, without the written           consent of
the Required Class Lenders of such Class;  

	 	        (xiii)              change
or waive any provision of Section 2.10(c), (d), (e)          or (f) without
the written consent of the Required Class Lenders;  

-100- 

	 	        (xiv)              change
or waive any provision of Article X as the same applies to any           Agent, or
any other provision hereof as the same applies to the rights or           obligations of
any Agent, in each case without the written consent of such           Agent;  

	 	        (xv)              change
or waive any obligation of the Lenders relating to the issuance of or           purchase
of participations in Letters of Credit, without the written consent of           the
Administrative Agent and the Issuing Bank;  

	 	        (xvi)              change
or waive any provision hereof relating to Swingline Loans (including the
          definition of “Swingline Commitment”), without the written consent of
          the Swingline Lender; or  

	 	        (xvii)              expressly
change or waive any condition precedent in Section 4.02 to           any
Revolving Borrowing without the written consent of the Required Revolving
          Lenders;  

provided, further, that any
waiver, amendment or modification prior to the completion of the primary syndication of
the Commitments and Loans (as determined by the Arranger) may not be effected without the
written consent of the Arranger 

        (c)    Collateral.
Without the consent of any other person, the applicable Loan           Party or Parties
and the Administrative Agent and/or Collateral Agent may (in           its or their
respective sole discretion, or shall, to the extent required by any           Loan
Document) enter into any amendment or waiver of any Loan Document, or enter
          into any new agreement or instrument, to effect the granting, perfection,
          protection, expansion or enhancement of any security interest in any Collateral
          or additional property to become Collateral for the benefit of the Secured
          Parties, or as required by local law to give effect to, or protect any security
          interest for the benefit of the Secured Parties, in any property or so that the
          security interests therein comply with applicable Requirements of Law.  

        (d)    Dissenting
Lenders. If, in connection with any proposed change, waiver,           discharge or
termination of the provisions of this Agreement as contemplated by Section 10.02(b),
the consent of the Required Lenders is obtained           but the consent of one or more
of such other Lenders whose consent is required           is not obtained, then Borrower
shall have the right to replace all, but not less           than all, of such
non-consenting Lender or Lenders (so long as all           non-consenting Lenders are so
replaced) with one or more persons pursuant to Section 2.16 so long as at the
time of such replacement each such           new Lender consents to the proposed change,
waiver, discharge or termination.           Each Lender agrees that, if Borrower elects
to replace such Lender in accordance           with this Section, it shall promptly
execute and deliver to the Administrative           Agent an Assignment and Assumption to
evidence such sale and purchase and shall           deliver to the Administrative Agent
any Note (if Notes have been issued in           respect of such Lender’s Loans)
subject to such Assignment and Assumption; provided that the failure of any such
non-consenting Lender to execute an           Assignment and Assumption shall not render
such sale and purchase (and the           corresponding assignment) invalid and such
assignment shall be recorded in the           Register.  

        SECTION
10.03     Expenses; Indemnity; Damage Waiver.  

        (a)    Costs
          and Expenses. Borrower shall pay (i) all reasonable out-of-pocket
          expenses incurred by the Administrative Agent, the Collateral Agent, the
          Arranger, the Swingline Lender and their respective Affiliates (including the
          reasonable fees, charges and disbursements of counsel for the Administrative
          Agent, the Arranger, the Swingline Lender and/or the Collateral Agent and
          expenses incurred in connection with due diligence and travel, courier,
          reproduction, printing and delivery expenses) in connection with the
syndication           of the credit facilities provided for herein (including the
obtaining and           maintaining of CUSIP numbers for the Loans), the preparation,
negotiation,           execution and delivery of this Agreement and the other Loan
Documents or any           amendment, amendment and restatement, modification or waiver
of the provisions           hereof or thereof (whether or not the transactions
contemplated hereby or           thereby shall be consummated), including in connection
with post-closing           searches to confirm that security filings and recordations
have been properly           made, (ii) all reasonable out-of-pocket expenses
incurred by the Issuing           Bank in connection with the issuance, amendment,
renewal or extension of any           Letter of Credit or any demand for payment
thereunder, (iii) all           out-of-pocket expenses incurred by the
Administrative Agent, the Collateral           Agent, any Lender or the Issuing Bank
(including the fees, charges and           disbursements of any counsel for the
Administrative Agent, the Collateral Agent,           any Lender or the Issuing Bank), in
connection with the enforcement or           protection of its rights (A) in
connection with this Agreement and the           other Loan Documents, including its
rights under this Section 10.03, or           (B) in connection with the
Loans made or Letters of Credit issued           hereunder, including all such
out-of-pocket expenses incurred during any           workout, restructuring or
negotiations in respect of such Loans or Letters of           Credit and (iv) all
documentary and similar taxes and charges in respect of the           Loan Documents.  

-101- 

        (b)    Indemnification
by Borrower. Borrower shall indemnify the Administrative           Agent (and any
sub-agent thereof), the Collateral Agent (and any sub-agent           thereof), each
Lender and the Issuing Bank, and each Related Party of any of the           foregoing
persons (each such person being called an           “Indemnitee”)
against, and hold each Indemnitee harmless from,           any and all losses, claims,
damages, liabilities and related expenses (including           the fees, charges and
disbursements of any counsel for any Indemnitee) incurred           by any Indemnitee or
asserted against any Indemnitee by any third party or by           Borrower or any other
Loan Party arising out of, in connection with, or as a           result of (i) the
execution or delivery of this Agreement, any other Loan           Document, or any
amendment, amendment and restatement, modification or waiver of           the provisions
hereof or thereof, or any agreement or instrument contemplated           hereby or
thereby, the performance by the parties hereto of their respective           obligations
hereunder or thereunder or the consummation of the transactions           contemplated
hereby or thereby, (ii) any Loan or Letter of Credit or the           use or
proposed use of the proceeds therefrom (including any refusal by the           Issuing
Bank to honor a demand for payment under a Letter of Credit if the           documents
presented in connection with such demand do not strictly comply with           the terms
of such Letter of Credit), (iii) any actual or alleged presence           or Release
or threatened Release of Hazardous Materials on, at, under or from           any property
owned, leased or operated by any Company at any time, or any           Environmental
Claim related in any way to any Company, or (iv) any actual           or prospective
claim, litigation, investigation or proceeding relating to any of           the
foregoing, whether based on contract, tort or any other theory, whether           brought
by a third party or by Borrower or any other Loan Party, and regardless           of
whether any Indemnitee is a party thereto; provided that such           indemnity
shall not, as to any Indemnitee, be available to the extent that such           losses,
claims, damages, liabilities or related expenses resulted solely from           the gross
negligence, willful misconduct or breach of an enforceable material           contractual
obligation of such Indemnitee.  

        Borrower
shall not be liable for any settlement of any such proceeding effected without its written
consent, but if settled with such consent or if there shall be a final judgment against an
Indemnitee, Borrower shall, subject to the proviso in the preceding paragraph, indemnify
such Indemnitee from and against any loss or liability by reason of such settlement or
judgment. Borrower shall not, without the prior written consent of any Indemnitee, effect
any settlement of any pending or threatened proceeding in respect of which such Indemnitee
is or could have been a party and indemnity could have been sought hereunder by such
Indemnitee, unless such settlement (i) includes an unconditional release of such
Indemnitee from all liability or claims that are the subject matter of such proceeding and
(ii) does not include a statement as to or an admission of fault, culpability, or a
failure to act by or on behalf of such Indemnitee. No Indemnitee shall be responsible or
liable to Borrower or any of its Subsidiaries, Affiliates or stockholders or any other
person or entity for any indirect, punitive or consequential damages which may be alleged
as a result of this Agreement, any other Loan Documents, or the transactions contemplated
hereby or thereby. 

-102- 

        (c)    Reimbursement
by Lenders. To the extent that Borrower for any reason           fails to
indefeasibly pay any amount required under paragraph (a)           or (b) of
this Section 10.03 to be paid by it to the Administrative           Agent (or any
sub-agent thereof), the Collateral Agent, the Issuing Bank, the           Swingline
Lender or any Related Party of any of the foregoing but without           affecting
Borrower’s obligation with respect thereto, each Lender severally           agrees
to pay to the Administrative Agent (or any such sub-agent), the           Collateral
Agent (or any sub-agent thereof), the Issuing Bank, the Swingline           Lender or
such Related Party, as the case may be, such Lender’s prorata share
(determined as of the time that the applicable unreimbursed           expense or
indemnity payment is sought) of such unpaid amount; provided          that the
unreimbursed expense or indemnified loss, claim, damage, liability or           related
expense, as the case may be, was incurred by or asserted against the
          Administrative Agent (or any such sub-agent), the Collateral Agent (or any
          sub-agent thereof), the Swingline Lender or the Issuing Bank in its capacity as
          such, or against any Related Party of any of the foregoing acting for the
          Administrative Agent (or any such sub-agent), the Collateral Agent (or any
          sub-agent thereof), the Swingline Lender or Issuing Bank in connection with
such           capacity. The obligations of the Lenders under this paragraph (c) are
          subject to the provisions of Section 2.14. For purposes hereof, a
          Lender’s “prorata share” shall be determined based
          upon its share of the sum of the total Revolving Exposure, outstanding Term
          Loans and unused Commitments at the time.  

        (d)    Waiver
of Consequential Damages, Etc. To the fullest extent permitted by
          applicable Requirements of Law, no Loan Party shall assert, and each Loan Party
          hereby waives, any claim against any Indemnitee, on any theory of liability,
for           special, indirect, consequential or punitive damages (as opposed to direct
or           actual damages) arising out of, in connection with, or as a result of, this
          Agreement, any other Loan Document or any agreement or instrument contemplated
          hereby, the transactions contemplated hereby or thereby, any Loan or Letter of
          Credit or the use of the proceeds thereof. No Indemnitee referred to in
          paragraph (b) above shall be liable for any damages arising from the use by
          unintended recipients of any information or other materials distributed by it
          through telecommunications, electronic or other information transmission
systems           in connection with this Agreement or the other Loan Documents or the
          transactions contemplated hereby or thereby.  

        (e)    Payments.
All amounts due under this Section shall be payable not later           than 3 Business
Days after demand therefor.  

        SECTION
10.04     Successors and Assigns.  

        (a)    Successors
and Assigns Generally. The provisions of this Agreement shall           be binding
upon and inure to the benefit of the parties hereto and their           respective
successors and assigns permitted hereby, except that Borrower may not           assign or
otherwise transfer any of its rights or obligations hereunder without           the prior
written consent of the Administrative Agent, the Collateral Agent, the           Issuing
Lender, the Swingline Lender and each Lender and no Lender may assign or
          otherwise transfer any of its rights or obligations hereunder except (i) to an
          Eligible Assignee in accordance with the provisions of paragraph (b) of
          this Section 10.04, (ii) by way of participation in accordance with
          the provisions of paragraph (d) of this Section 10.04, or
          (iii) by way of pledge or assignment of a security interest subject to the
          restrictions of paragraph (f) of this Section (and any other attempted
          assignment or transfer by Borrower or any Lender shall be null and void).
          Nothing in this Agreement, expressed or implied, shall be construed to confer
          upon any person (other than the parties hereto, their respective successors and
          assigns permitted hereby, Participants to the extent provided in
          paragraph (d) of this Section and, to the extent expressly contemplated
          hereby, the other Indemnitees) any legal or equitable right, remedy or claim
          under or by reason of this Agreement.  

-103- 

        (b)    Assignments
by Lenders. Any Lender may at any time assign to one or more           Eligible
Assignees all or a portion of its rights and obligations under this           Agreement
(including all or a portion of its Commitment and the Loans at the           time owing
to it); provided that  

	 	        (i)              except
in the case of any assignment made in connection with the primary           syndication
of the Commitment and Loans by the Arranger or an assignment of the           entire
remaining amount of the assigning Lender’s Commitment and the Loans           at the
time owing to it or in the case of an assignment to a Lender or an           Affiliate of
a Lender or an Approved Fund with respect to a Lender, the           aggregate amount of
the Commitment (which for this purpose includes Loans           outstanding thereunder)
or, if the applicable Commitment is not then in effect,           the principal
outstanding balance of the Loans of the assigning Lender subject           to each such
assignment (determined as of the date the Assignment and Assumption           with
respect to such assignment is delivered to the Administrative Agent or, if
          “Trade Date” is specified in the Assignment and Assumption, as of the
          Trade Date) shall not be less than $5,000,000, in the case of any assignment in
          respect of Revolving Loans and/or Revolving Commitments, or $1,000,000, in the
          case of any assignment in respect of Term Loans and/or Term Loan Commitments,
          unless each of the Administrative Agent and, so long as no Default has occurred
          and is continuing, Borrower otherwise consent (each such consent not to be
          unreasonably withheld or delayed);  

	 	        (ii)              each
partial assignment shall be made as an assignment of a proportionate part           of
all the assigning Lender’s rights and obligations under this Agreement
          with respect to the Loan or the Commitment assigned, except that this
          clause (ii) shall not prohibit any Lender from assigning all or a portion
          of its rights and obligations among separate tranches on a non-pro rata           basis;
and  

	 	        (iii)              the
parties to each assignment shall execute and deliver to the Administrative
          Agent an Assignment and Assumption, together with a processing and recordation
          fee of $3,500, and the Eligible Assignee, if it shall not be a Lender, shall
          deliver to the Administrative Agent an Administrative Questionnaire.  

Subject to acceptance and recording
thereof by the Administrative Agent pursuant to paragraph (c) of this Section
10.04, from and after the effective date specified in each Assignment and Assumption,
the Eligible Assignee thereunder shall be a party to this Agreement and, to the extent of
the interest assigned by such Assignment and Assumption, have the rights and obligations
of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent
of the interest assigned by such Assignment and Assumption, be released from its
obligations under this Agreement (and, in the case of an Assignment and Assumption
covering all of the assigning Lender’s rights and obligations under this Agreement,
such Lender shall cease to be a party hereto) but shall continue to be entitled to the
benefits of Sections 2.12, 2.13, 2.15 and 10.03 with
respect to facts and circumstances occurring prior to the effective date of such
assignment. Any assignment or transfer by a Lender of rights or obligations under this
Agreement that does not comply with this paragraph shall be treated for purposes of this
Agreement as a sale by such Lender of a participation in such rights and obligations in
accordance with paragraph (d) of this Section 10.04. 

-104- 

        (c)    Register.
The Administrative Agent, acting solely for this purpose as an           agent of
Borrower, shall maintain at one of its offices in Stamford, Connecticut           a copy
of each Assignment and Assumption delivered to it and a register for the
          recordation of the names and addresses of the Lenders, and the Commitments of,
          and principal amounts of the Loans and LC Disbursements owing to, each Lender
          pursuant to the terms hereof from time to time (the           “Register”).
The entries in the Register shall be conclusive,           and Borrower, the
Administrative Agent, the Issuing Bank and the Lenders may           treat each person
whose name is recorded in the Register pursuant to the terms           hereof as a Lender
hereunder for all purposes of this Agreement, notwithstanding           notice to the
contrary. The Register shall be available for inspection by           Borrower, the
Issuing Bank, the Collateral Agent, the Swingline Lender and any           Lender (with
respect to its own interest only), at any reasonable time and from           time to time
upon reasonable prior notice.  

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

        Any
agreement or instrument pursuant to which a Lender sells such a participation shall
provide that such Lender shall retain the sole right to enforce the Loan Documents and to
approve any amendment, modification or waiver of any provision of the Loan Documents;
provided that such agreement or instrument may provide that such Lender will not,
without the consent of the Participant, agree to any amendment, modification or waiver
described in clause (i), (ii), (iii), (vi) or (vii) of the first proviso to Section
10.02(b) that affects such Participant. Subject to paragraph (e) of this Section,
Borrower agrees that each Participant shall be entitled to the benefits of Sections
2.12, 2.13 and 2.15 (subject to the requirements of those Sections) to
the same extent as if it were a Lender and had acquired its interest by assignment
pursuant to paragraph (b) of this Section. To the extent permitted by law, each
Participant also shall be entitled to the benefits of Section 10.08 as though
it were a Lender, provided such Participant agrees to be subject to Section 2.14 as
though it were a Lender. 

        (e)    Limitations
on Participant Rights. A Participant shall not be entitled to           receive any
greater payment under Sections 2.12, 2.13 and 2.15 than the
applicable Lender would have been entitled to receive with           respect to the
participation sold to such Participant, unless the sale of the           participation to
such Participant is made with Borrower’s prior written           consent.  

        (f)    Certain
Pledges. Any Lender may at any time pledge or assign a security           interest in
all or any portion of its rights under this Agreement to secure           obligations of
such Lender, including any pledge or assignment to secure           obligations to a
Federal Reserve Bank; provided that no such pledge or           assignment shall
release such Lender from any of its obligations hereunder or           substitute any
such pledgee or assignee for such Lender as a party hereto. In           the case of any
Lender that is a fund that invests in bank loans, such Lender           may, without the
consent of Borrower or the Administrative Agent, collaterally           assign or pledge
all or any portion of its rights under this Agreement,           including the Loans and
Notes or any other instrument evidencing its rights as a           Lender under this
Agreement, to any holder of, trustee for, or any other           representative of
holders of, obligations owed or securities issued, by such           fund, as security
for such obligations or securities.  

-105- 

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

        SECTION
10.05    Survival of Agreement. All
covenants, agreements, representations and warranties made by the Loan Parties in the
Loan Documents and in the certificates or other instruments delivered in connection with
or pursuant to this Agreement or any other Loan Document survive the execution and
delivery of the Loan Documents and the making of any Loans and issuance of any Letters of
Credit, regardless of any investigation made by any such other party or on its behalf and
notwithstanding that the Agents, the Issuing Bank or any Lender may have had notice or
knowledge of any Default or incorrect representation or warranty at the time any credit
is extended hereunder, and shall continue in full force and effect as long as the
principal of or any accrued interest on any Loan or any fee or any other amount payable
under this Agreement is outstanding and unpaid or any Letter of Credit is outstanding and
so long as the Commitments have not expired or terminated. The provisions of Sections 2.12,
2.14, 2.15 and Article X (other than Section 10.12)
shall survive and remain in full force and effect regardless of the consummation of the
transactions contemplated hereby, the repayment of the Loans, the payment of the
Reimbursement Obligations, the expiration or termination of the Letters of Credit and the
Commitments or the termination of this Agreement or any provision hereof.  

        SECTION
10.06    Counterparts; Integration; Effectiveness;
Electronic Execution. This Agreement may be executed in counterparts (and
by different parties hereto in different counterparts), each of which shall constitute an
original, but all of which when taken together shall constitute a single contract. This
Agreement and the other Loan Documents, any separate letter agreements with respect to
fees payable to the Administrative Agent and provisions under the headings “Syndication” and
“Clear Market” as provided in the Commitment Letter constitute the entire
contract among the parties relating to the subject matter hereof and supersede any and
all previous agreements and understandings, oral or written, relating to the subject
matter hereof. Except as provided in Section 4.01, this Agreement shall become
effective when it shall have been executed by the Administrative Agent and when the
Administrative Agent shall have received counterparts hereof that, when taken together,
bear the signatures of each of the other parties hereto. Delivery of an executed
counterpart of a signature page of this Agreement by telecopier shall be effective as
delivery of a manually executed counterpart of this Agreement.  

        SECTION
10.07    Severability. Any provision of this
Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to
such jurisdiction, be ineffective to the extent of such invalidity, illegality or
unenforceability without affecting the validity, legality and enforceability of the
remaining provisions hereof; and the invalidity of a particular provision in a particular
jurisdiction shall not invalidate such provision in any other jurisdiction.  

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

-106- 

        SECTION
10.09         Governing Law; Jurisdiction; Consent to Service of
Process. 

        (a)    Governing
Law. This Agreement shall be construed in accordance with and           governed by
the law of the State of New York, without regard to conflicts of law           principles
that would require the application of the laws of another           jurisdiction.  

        (b)    Submission
to Jurisdiction. Each Loan Party hereby irrevocably and           unconditionally
submits, for itself and its property, to the nonexclusive           jurisdiction of the
Supreme Court of the State of New York sitting in New York           County and of the
United States District Court of the Southern District of New           York, and any
appellate court from any thereof, in any action or proceeding           arising out of or
relating to any Loan Document, or for recognition or           enforcement of any
judgment, and each of the parties hereto hereby irrevocably           and unconditionally
agrees that all claims in respect of any such action or           proceeding may be heard
and determined in such New York State court or, to the           fullest extent permitted
by applicable law, in such Federal court. Each of the           parties hereto agrees
that a final judgment in any such action or proceeding           shall be conclusive and
may be enforced in other jurisdictions by suit on the           judgment or in any other
manner provided by law. Nothing in this Agreement or           any other Loan Document
shall affect any right that the Administrative Agent,           the Issuing Bank or any
Lender may otherwise have to bring any action or           proceeding relating to this
Agreement or any other Loan Document against any           Loan Party or its properties
in the courts of any jurisdiction.  

        (c)    Waiver
of Venue. Each Loan Party hereby irrevocably and unconditionally           waives, to
the fullest extent permitted by applicable Requirements of Law, any           objection
which it may now or hereafter have to the laying of venue of any suit,           action
or proceeding arising out of or relating to this Agreement or any other           Loan
Document in any court referred to in Section 10.09(b). Each of the
          parties hereto hereby irrevocably waives, to the fullest extent permitted by
          applicable Requirements of Law, the defense of an inconvenient forum to the
          maintenance of such action or proceeding in any such court.  

        (d)    Service
of Process. Nothing in this Agreement or any other Loan Document           will
affect the right of any party hereto to serve process in any manner           permitted
by applicable Requirements of Law.  

        SECTION
10.10    Waiver of Jury Trial. Each Loan
Party hereby waives, to the fullest extent permitted by applicable Requirements of Law,
any right it may have to a trial by jury in any legal proceeding directly or indirectly
arising out of or relating to this Agreement, any other Loan Document or the transactions
contemplated hereby (whether based on contract, tort or any other theory). Each party
hereto (a) certifies that no representative, agent or attorney of any other party
has represented, expressly or otherwise, that such other party would not, in the event of
litigation, seek to enforce the foregoing waiver and (b) acknowledges that it and
the other parties hereto have been induced to enter into this Agreement by, among other
things, the mutual waivers and certifications in this Section.  

-107- 

        SECTION
10.11    Headings. Article and Section
headings and the Table of Contents used herein are for convenience of reference only, are
not part of this Agreement and shall not affect the construction of, or be taken into
consideration in interpreting, this Agreement.  

        SECTION
10.12    Treatment of Certain Information; Confidentiality.
Each of the Administrative Agent, the Lenders and the Issuing Bank agrees to maintain the
confidentiality of the Information (as defined below) and not use such information for
any purpose other than the administration and enforcement of this Agreement, except that
Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective
partners, directors, officers, employees, agents, advisors and other representatives (it
being understood that the persons to whom such disclosure is made will be informed of the
confidential nature of such Information and instructed to keep such Information
confidential) and not use such information for any purpose other than the administration
and enforcement of this Agreement, (b) to the extent requested by any Governmental
Authority or regulatory authority (including any self-regulatory authority, such as the
National Association of Insurance Commissioners), (c) to the extent required by
applicable Requirements of Law or by any subpoena or similar legal process, (d) to
any other party hereto, (e) in connection with the exercise of any remedies
hereunder or under any other Loan Document or any action or proceeding relating to this
Agreement or any other Loan Document or the enforcement of rights hereunder or
thereunder, (f) subject to an agreement containing provisions substantially the same
as those of this Section 10.12, to (i) any assignee of or Participant in, or
any prospective assignee of or Participant in, any of its rights or obligations under
this Agreement, (ii) any actual or prospective counterparty (or its advisors) to any
swap or derivative transaction relating to Borrower and its obligations or (iii) any
rating agency for the purpose of obtaining a credit rating applicable to any Lender, (g) with
the consent of Borrower or (h) to the extent such Information (x) becomes
publicly available other than as a result of a breach of this Section or (y) becomes
available to the Administrative Agent, any Lender, the Issuing Bank or any of their
respective Affiliates on a nonconfidential basis from a source other than Borrower. For
purposes of this Section, “Information” means all information received
from Borrower or any of its Subsidiaries relating to Borrower or any of its Subsidiaries
or any of their respective businesses, other than any such information that is available
to the Administrative Agent, any Lender or the Issuing Bank on a nonconfidential basis
prior to disclosure by Borrower or any of its Subsidiaries; provided that, in the
case of information received from Borrower or any of its Subsidiaries after the date
hereof, such information is clearly identified at the time of delivery as confidential.  

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

        SECTION
10.14    Interest Rate Limitation.
Notwithstanding anything herein to the contrary, if at any time the interest rate
applicable to any Loan, together with all fees, charges and other amounts which are
treated as interest on such Loan under applicable Requirements of Law (collectively, the
“Charges”), shall exceed the maximum lawful rate (the “Maximum
Rate”) which may be contracted for, charged, taken, received or reserved by the
Lender holding such Loan in accordance with applicable Requirements of Law, the rate of
interest payable in respect of such Loan hereunder, together with all Charges payable in
respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the
interest and Charges that would have been payable in respect of such Loan but were not
payable as a result of the operation of this Section shall be cumulated and the interest
and Charges payable to such Lender in respect of other Loans or periods shall be
increased (but not above the Maximum Rate therefor) until such cumulated amount, together
with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall
have been received by such Lender.  

-108- 

        SECTION
10.15    Lender Addendum. Each Lender to
become a party to this Agreement on the date hereof shall do so by delivering to the
Administrative Agent a Lender Addendum duly executed by such Lender, Borrower and the
Administrative Agent.  

        SECTION
10.16    Obligations Absolute. To the
fullest extent permitted by applicable Requirements of Law, all obligations of the Loan
Parties hereunder shall be absolute and unconditional irrespective of:  

        (a)              any
bankruptcy, insolvency, reorganization, arrangement, readjustment,           composition,
liquidation or the like of any Loan Party;  

        (b)              any
lack of validity or enforceability of any Loan Document or any other           agreement
or instrument relating thereto against any Loan Party;  

        (c)              any
change in the time, manner or place of payment of, or in any other term of,           all
or any of the Obligations, or any other amendment or waiver of or any           consent
to any departure from any Loan Document or any other agreement or           instrument
relating thereto;  

        (d)              any
exchange, release or non-perfection of any other Collateral, or any release           or
amendment or waiver of or consent to any departure from any guarantee, for           all
or any of the Obligations;  

        (e)              any
exercise or non-exercise, or any waiver of any right, remedy, power or
          privilege under or in respect hereof or any Loan Document; or  

        (f)              any
other circumstances which might otherwise constitute a defense available to,           or
a discharge of, the Loan Parties.  

[Signature Pages Follow] 

-109- 

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

		BANTA CORPORATION
	

 	By:  /s/ Geoffrey Hibner
		        Name:  Geoffrey J. Hibner
		        Title:    Chief Financial Officer
	

 	BANTA DIRECT MARKETING, INC.
	

 	By:  /s/ Michael Allen
		        Name:  Michael B. Allen
		        Title:    President
	

 	BGT-US, LLC
	

 	By:  /s/ Geoffrey Hibner
		        Name:  Geoffrey J. Hibner
		        Title:    Vice President
	

 	BANTA LITERATURE MANAGEMENT, INC.
	

 	By:  /s/ Daniel E. Thornton
		        Name:  Daniel E. Thornton
		        Title:    President
	

 	BANTA FULFILLMENT SERVICES, INC.
	

 	By:  /s/ Robert A. Kreider
		        Name:  Robert A. Kreider
		        Title:    President
	

 	BANTA GLOBAL TURNKEY LTD.
	
 	By: BANTA CORPORATION, its General Partner
	

 	By:  /s/ Geoffrey Hibner
		        Name:  Geoffrey J. Hibner
		        Title:    Chief Financial Officer

S-1 

		DANBURY PRINTING & LITHO, INC.
	

 	By:  /s/ Geoffrey Hibner
		        Name:  Geoffrey J. Hibner
		        Title:    Vice President
	

 	BANTA HOLDING CORPORATION
	

 	By:  /s/ Geoffrey Hibner
		        Name:  Geoffrey J. Hibner
		        Title:    Vice President and Treasurer

S-2 

		UBS SECURITIES LLC, as Arranger and Bookmanager
	

 	By:  /s/ Richard L. Tavrow
		        Name:  Richard L. Tavrow
		        Title:    Director
	

 	By:  /s/ Barbara Ezell-McMichael
		        Name:  Barbara Ezell-McMichael
		        Title:    Associate Director
	

 	UBS AG, STAMFORD BRANCH, as Issuing Bank, 
		    Administrative Agent and Collateral Agent
	

 	By:  /s/ Richard L. Tavrow
		        Name:  Richard L. Tavrow
		        Title:    Director
	

 	By:  /s/ Mary E. Evans
		        Name:  Mary E. Evans
		        Title:    Associate Director
	

 	UBS LOAN FINANCE LLC, as Swingline Lender
	

 	By:  /s/ Richard L. Tavrow
		        Name:  Richard L. Tavrow
		        Title:   Director
	

 	By:  /s/ Marie Haddad
		        Name:  Marie Haddad
		        Title:    Associate Director

S-3 

Annex I 

Applicable Margin
and Commitment Fee  

On and after the Closing Date, the
Applicable Margin on Term Loans shall be 1.75% for Eurodollar borrowings and 0.75% for ABR
borrowings. On and after the Closing Date, the Applicable Margin on Revolving Loans shall
be 1.50% for Eurodollar borrowings and 0.50% for ABR borrowings; provided that
after the date on which Borrower shall have delivered financial statements for the fiscal
quarter ending at least six months after the Closing Date, the Applicable Margin with
respect to the Revolving Loans shall be the interest rate set forth in the following
table. 

On and after the Closing Date, a
Commitment Fee of 0.375% shall accrue on the unused amounts of the commitments under the
Revolving Loan facility; provided that after the date on which Borrower shall have
delivered financial statements for the fiscal quarter ending at least six months after the
Closing Date, the Commitment Fee shall be the percentage set forth in the following table. 

		Revolving Loans

	Total

Leverage Ratio
	Eurodollar
	ABR
	Applicable

Fee

	
Less than 2.00	1.00%	0%	0.25%
	
Greater than 2.00	1.25%	0.25%	0.375%
	
Greater than 2.50	1.50%	0.50%	0.375%

Annex II 

Amortization Table
 

	

	Date
	Term Loan

Amount

	March 31, 2007	$1,162,500
	

	June 30, 2007	$1,162,500
	

	September 30, 2007	$1,162,500
	

	December 31, 2007	$1,162,500
	

	March 31, 2008	$1,162,500
	

	June 30, 2008	$1,162,500
	

	September 30, 2008	$1,162,500
	

	December 31, 2008	$1,162,500
	

	March 31, 2009	$1,162,500
	

	June 30, 2009	$1,162,500
	

	September 30, 2009	$1,162,500
	

	December 31, 2009	$1,162,500
	

	March 31, 2010	$1,162,500
	

	June 30, 2010	$1,162,500
	

	September 30, 2010	$1,162,500
	

	December 31, 2010	$1,162,500
	

	March 31, 2011	$1,162,500
	

	June 30, 2011	$1,162,500
	

	September 30, 2011	$1,162,500
	

	December 31, 2011	$1,162,500
	

	March 31, 2012	$1,162,500
	

	June 30, 2012	$1,162,500
	

	September 30, 2012	$1,162,500
	

	December 31, 2012	$1,162,500
	

	March 31, 2013	$1,162,500
	

	June 30, 2013	$1,162,500
	

	September 30, 2013	$1,162,500
	

	November 19, 2013	$433,612,500

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00113-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00113-of-00352.parquet"}]]