Document:

EX-10.13

 

Exhibit 10.13

BIODEL INC.

EXECUTIVE SEVERANCE AGREEMENT

This Executive Severance Agreement (this “Agreement”), dated and effective as of [___],
[___] is between Biodel Inc., a Delaware corporation (the “Company”), and [___]
(the “Executive”).

WHEREAS the board of directors of the Company (the “Board”) has determined that it is in the best
interests of the Company and its shareholders to ensure that the Company will have the continued
dedication of the Executive, notwithstanding the fact that the Executive does not have any form of
traditional employment contract or other assurance of job security; and

WHEREAS the Board believes it is imperative to diminish any distraction of the Executive arising
from the personal uncertainty and insecurity that arises in the absence of any assurance of job
security by providing the Executive with reasonable compensation and benefit arrangements in the
event of termination of the Executive’s employment by the Company under certain defined
circumstances.

NOW THEREFORE, in order to accomplish these objectives, the Board has caused the Company to enter
into this agreement.

1. TERM

The term of this Agreement (the “Term”) shall be for a period of two (2) years from the date of
this Agreement as first appearing; provided, however, that the Term shall automatically renew for
additional one (1) year periods, unless notice of nonrenewal is given by either party to the other
party at least ninety (90) days prior to the end of the initial Term or any renewal Term, at the
end of which this Agreement shall terminate without further action by either the Company of the
Executive.

2. EMPLOYMENT

The Executive and the Company acknowledge that, except as may otherwise be provided under any other
written agreement between the Executive and the Company, the employment of the Executive by the
Company or by any affiliated or successor company is “at will” and may be terminated by either the
Executive or the Company or its affiliated companies at any time with or without cause, subject to
the termination payments prescribed herein.

3. ATTENTION AND EFFORT

During any period of time that the Executive remains in the employ of the Company, and excluding
any periods of paid time-off to which the Executive is entitled, the Executive will devote such of
his productive time, ability, attention, and effort as shall be reasonably necessary to the
business and affairs of the Company and the discharge of the responsibilities assigned to him
hereunder, and will seek to perform faithfully and efficiently such responsibilities. It shall not
be a violation of this Agreement for the Executive to (a) serve on corporate, civic or charitable
boards or committees, (b) deliver lectures, fulfill speaking engagements or teach at educational
institutions, (c) manage

 

 

personal investments, (d) continue to conduct any business or profession conducted by Employee at
the date of this Agreement or (e) continue to engage in activities permitted by the policies of the
Company or as specifically permitted by the Company, so long as such activities do not
significantly interfere with the performance of the Executive’s responsibilities in accordance with
this Agreement. It is expressly understood and agreed that to the extent any such activities have
been conducted by the Executive prior to the Term, the continued conduct of such activities (or the
conduct of activities similar in nature and scope thereto) during the Term shall not thereafter be
deemed to interfere with the performance of the Executive’s responsibilities to the Company.

4. TERMINATION

During the Term, employment of the Executive may be terminated as follows, but, in any case, the
nondisclosure provisions set forth in Section 7 hereof shall survive the termination of this
Agreement and the termination of the Executive’s employment with the Company:

4.1 BY THE COMPANY OR THE EXECUTIVE

At any time during the Term, the Company may terminate the employment of the Executive with or
without Cause (as defined below), and the Executive may terminate his employment for Good Reason
(as defined below) or for any reason, upon giving Notice of Termination (as defined below).

4.2 AUTOMATIC TERMINATION

This Agreement and the Executive’s employment shall terminate automatically upon the death or
Disability of the Executive. The term “Disability” as used herein shall mean the Executive’s
inability (with such accommodation as may be required by law and which places no undue burden on
the Company), to perform the Executive’s essential duties for a period or periods aggregating
twelve (12) weeks in any three hundred sixty-five (365) day period as a result of physical or
mental illness, loss of legal capacity or any other cause.

4.3 NOTICE OF TERMINATION

Any termination by the Company or by the Executive during the Term shall be communicated by Notice
of Termination to the other party given in accordance with Section 8 hereof. The term “Notice of
Termination” shall mean a written notice that (a) indicates the specific termination provision in
this Agreement relied upon, and (b) to the extent applicable, sets forth briefly the facts and
circumstances claimed to provide a basis for termination of the Executive’s employment under the
provision so indicated. The failure by the Executive or the Company to set forth in the Notice of
Termination any fact or circumstance that contributed to a showing of Good Reason or Cause shall
not waive any right of the Executive or the Company hereunder or preclude the Executive or the
Company from asserting such fact or circumstance in enforcing the Executive’s or the Company’s
rights hereunder.

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4.4 DATE OF TERMINATION

“Date of Termination” means (a) if the Executive’s employment is terminated by reason of death, the
date of death, (b) if the Executive’s employment is terminated by reason of Disability, immediately
upon a determination by the Company of the Executive’s Disability, and (c) in all other cases, upon
the giving of the Notice of Termination. Notwithstanding the foregoing, the party giving the notice
in the case of (c) above will have the right, but not the obligation, to have the termination be
effective upon the expiration of any period specified in the Notice of Termination. In that event
the Executive’s employment and performance of services will continue during the specified period
unless the other party (the Company in the event of a termination by the Executive or the Executive
in the event of a termination by the Company) thereafter elects to terminate the employment of the
Executive pursuant to Section 2 and that termination is as of an earlier date. Notwithstanding the
foregoing, the Company may, upon notice to the Executive and without reducing the Executive’s
compensation during such period, excuse the Executive from any or all of his duties during such
period.

5. TERMINATION PAYMENTS

In the event of termination of the Executive’s employment during the Term, all compensation and
benefits shall terminate, except as specifically provided in this Section 5.

5.1 TERMINATION BY THE COMPANY OTHER THAN FOR CAUSE OR BY THE EXECUTIVE FOR GOOD REASON

If during the Term the Company terminates the Executive’s employment other than
for Cause or the Executive terminates his employment for Good Reason, the
Executive shall be entitled to:

(a) Payment of the following accrued obligations (the “Accrued Obligations”):

(i) the Executive’s then current annual base salary through the
Date of Termination to the extent not theretofore paid; and

(ii) if the performance criteria for earning the annual bonus
for the full fiscal year of termination have been fully
satisfied at the time of termination (excluding any requirement
that the Executive be employed by the Company at the end of the
fiscal year), the product of (x) the amount of the annual bonus
for that year and (y) a fraction the numerator of which is the
number of days in the current fiscal year through the Date of
Termination and the denominator of which is three hundred
sixty-five (365);

(iii) if the performance criteria for earning the annual bonus
for the full fiscal year of termination have not been fully
satisfied and the Board of Directors of the Company determines
that all such criteria could not have been satisfied if the
Executive remained employed

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for the full fiscal year, no amount
for the annual bonus; and

(iv) if neither (ii) nor (iii) apply, the product of (x) the
Three-Year Average Annual Bonus and (y) a fraction the
numerator of which is the number of days in the current fiscal
year through the Date of Termination and the denominator of
which is three hundred sixty-five (365). “Three-Year Average
Annual Bonus” shall mean the average of bonuses paid or payable
to the Executive by the Company for each of the three fiscal
years immediately preceding the year of termination (including
the annualized amount of any such bonus paid or payable for any
partial year, but not stock options or stock awards, which
became fully vested and any deferred compensation earned during
any of those years and excluding any sign-on or other
one-time-only bonus). If the Executive has not been an
executive officer of the Company during the entire three-year
period referred to above or was not offered a bonus during any
of those years, then the Three-Year Average Annual Bonus shall
be calculated for such shorter time that he or she was an
executive officer of the Company and had been offered a bonus;
and

(v) any compensation previously deferred by the Executive
(together with accrued interest or earnings thereon, if any)
and any accrued paid time-off that would be payable under the
Company’s standard policy, in each case to the extent not
theretofore paid.

(b) For eighteen (18) months after the Date of Termination or until the
Executive qualifies for comparable medical and dental insurance benefits from
another employer, whichever occurs first, and subject to the satisfactory
execution by the Executive (including the expiration of any revocation period)
of an agreement substantially in the form of Exhibit A hereof, the Company
shall pay the Executive’s premiums for

(i) health insurance benefit continuation for the Executive and
his family members, if applicable, that the Company provides to
the Executive under the provisions of the federal Consolidated
Omnibus Budget Reconciliation Act of 1985, as amended
(“COBRA”), to the extent that the Company would have paid such
premiums had the Executive remained employed by the Company
(such continued payment is hereinafter referred to as “COBRA
Continuation”); and

(ii) additional health coverage, life, accidental death and
disability and other insurance programs for the Executive and
his family members, if applicable, to the extent such programs
existed on the Date of Termination.

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(c) Continuation of the Executive’s then current annual base salary for the
fiscal year in which the Date of Termination occurs for a period of eighteen
(18) months after the Date of Termination, subject to the satisfactory
execution by the Executive (including the expiration of any revocation period)
of an agreement substantially in the form of Exhibit A hereof.

(d) An amount equal to one and one-half times the Three-Year Average Annual
Bonus, subject to the satisfactory execution by the Executive (including the
expiration of any revocation period) of an agreement substantially in the form
of Exhibit A hereof.

(e) Immediate vesting of all outstanding stock options previously granted to
the Executive by the Company, subject to the satisfactory execution by the
Executive (including the expiration of any revocation period) of an agreement
substantially in the form of Exhibit A hereof.

(f) The provision in any agreement evidencing any outstanding stock option
causing the option to terminate upon the expiration of three months (or any
other period relating to termination of employment) after termination of
employment shall be of no force or effect, except that nothing herein shall
extend any such option beyond its original term or shall affect its termination
for any reason other than termination of employment. The provisions of this
clause (f) are subject to the satisfactory execution by the Executive
(including the expiration of any revocation period) of an agreement
substantially in the form of Exhibit A.

5.2 TERMINATION FOR CAUSE OR OTHER THAN FOR GOOD REASON

If during the Term the Executive’s employment shall be terminated by the Company for Cause or by
the Executive for other than Good Reason, this Agreement shall terminate without further obligation
on the part of the Company to the Executive, other than the Company’s obligation to pay the
Executive the amounts in Section 5.1(a) (i) and (v).

5.3 EXPIRATION OF TERM

In the event the Executive’s employment is not terminated prior to expiration of the Term and
notice of non-renewal is given pursuant to Section 1, this Agreement shall terminate without
further obligation on the part of the Company to the Executive.

5.4 TERMINATION BECAUSE OF DEATH OR DISABILITY

Upon the Executive’s death or Disability, this Agreement shall terminate automatically without
further obligation on the part of the Company to the Executive or his legal representatives under
this Agreement, other than the Company’s obligation, if any, to pay the Executive the benefits in
Section 5.1(a) to (e).

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5.5 PAYMENT SCHEDULE

All payments, or any portion thereof, payable pursuant to Section 5.1, shall be made to the
Executive within ten (10) working days of the Date of Termination except that

(a) any amount payable to the Executive pursuant to Section 5.1(a)(ii), (iii)
or (iv) or Section 5.1(d) shall be paid to Executive when his or her bonus
would have been paid if he or she were still employed; and

(b) any payments payable to the Executive pursuant to Section 5.1(c) hereof
shall be made to the Executive in the form of salary continuation payable at
normal payroll intervals during the eighteen (18) month severance period on the
dates when the Executive would have received his or her payments of salary if
he or she were still employed and in the amounts he or she would have received.

5.6 CAUSE

For
purposes of this Agreement, termination of the Executive’s employment shall be for “Cause” if it is for any of the following:

(a) A refusal to carry out any material lawful duties of the Executive or any
directions or instructions of the Board or senior management of the Company
reasonably consistent with those duties;

(b) Failure to perform satisfactorily any lawful duties of the Executive or any
directions or instructions of the Board or senior management reasonably
consistent with those duties; provided, however, that the Executive has been
given notice and has failed to correct any such failure within (10) days
thereafter (unless any such correction by its nature cannot be done in 10 days,
in which event the Executive will have a reasonable time to correct failures),
and provided further that the Company shall have no obligation to give notice
and the Executive will have no such opportunity to correct more than two times
in any twelve calendar month period;

(c) Violation by the Executive of a local, state or federal law involving the
commission of a crime, other than minor traffic violations, or any other
criminal act involving moral turpitude;

(d) The Executive’s gross negligence, willful misconduct or breach of his or
her duty to the Company involving self-dealing or personal profit;

(e) Current abuse by the Executive of alcohol or controlled substances;
deception, fraud, misrepresentation or dishonesty by the Executive; or any
incident materially compromising the Executive’s reputation or ability to
represent the Company with investors, customers or the public; or

(f) Any other material violation of any provision of this Agreement by the
Executive not described in (a) or (b) above, subject to the
same notice and opportunity to correct provisions as are set forth in (b) above.

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5.7 GOOD REASON

For purposes of this Agreement, “Good Reason” means:

(a) Reduction of the Executive’s annual base salary to a level below the level
in effect on the date of this Agreement, regardless of any change in the
Executive’s duties or responsibilities;

(b) Any material diminution in Executive’s position, authority, duties or
responsibilities or any other action by the Company that results in a material
diminution in such position, authority, duties or responsibilities, excluding
for this purpose an isolated and inadvertent action not taken in bad faith and
that is remedied by the Company within ten (10) days after receipt of notice
thereof is provided to the Company by the Executive;

(c) The Company’s requiring the Executive to be based at any office or location
more than fifty (50) miles from the location of the Executive’s assigned
worksite prior to the Date of Termination and the Executive’s residence at any
such time such requirement is imposed;

(d) Any non-renewal by the Company of this Agreement; provided, however, that
the Executive may only utilize this paragraph (d) during the 30-day period
immediately following his receipt of the notice of non-renewal given by the
Company pursuant to Section 1 hereof;

(e) Any failure by the Company to comply with and satisfy Section 9 hereof;
provided, however, that the Company’s successor has received at least ten (10)
days’ prior written notice from the Company or the Executive of the
requirements of Section 9 hereof; or

(f) Any other material violation of any provision of this Agreement by the
Company.

Notwithstanding the foregoing, no basis for a termination for Good Reason will be deemed to exist
unless the Executive notifies the Company in writing of any event in (a) through (f) above and the
Company or its successor fails to cure any such event within thirty (30) days after receipt of the
notice.

5.8 WITHHOLDING TAXES

Any payments provided for in this Agreement shall be paid net of any applicable withholding
required under federal, state or local law.

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5.9 WARN ACT

Notwithstanding the provisions of Section 5.1 through 5.5, in the event the Executive is entitled,
by operation of any act or law, to unemployment compensation benefits or benefits under the Work
Adjustment and Retraining Act of 1988 (known as the “WARN Act”) in connection with the termination
of his or her employment in addition to those required to be paid to him or her under this
Agreement, then to the extent permitted by applicable law governing severance payments or notice of
termination of employment, the Company shall be entitled to offset against the amount payable
hereunder the amounts of any such mandated payments.

6. REPRESENTATIONS AND WARRANTIES

In order to induce the Company to enter into this Agreement, the Executive represents and warrants
to the Company that neither the execution nor the performance of this Agreement by the Executive
will violate or conflict in any way with any other agreement by which the Executive may be bound.

7. NONDISCLOSURE; RETURN OF MATERIALS; NONSOLICITATION

7.1 NONDISCLOSURE

Except as required by his employment with the Company, the Executive will not, at any time during
the term of employment with the Company, or at any time thereafter, directly, indirectly or
otherwise, use, communicate, disclose, disseminate, lecture upon or publish articles relating to
any confidential, proprietary or trade secret information without the prior written consent of the
Company. The Executive understands that the Company will be relying on this covenant in continuing
the Executive’s employment, paying him compensation, granting him any promotions or raises, or
entrusting him with any information that helps the Company compete with others.

7.2 RETURN OF MATERIALS

All documents, records, notebooks, notes, memoranda, drawings, computer files or other documents
made or compiled by the Executive at any time while employed by the Company, or in his possession,
including any and all copies thereof, shall be the property of the Company and shall be held by the
Executive in trust and solely for the benefit of the Company, and shall be delivered to the Company
by the Executive upon termination of employment or at any other time upon request by the Company.

7.3 NONSOLICITATION

During the period that Executive is receiving the payments described in Section 5.1(c) he or she
will not actively solicit any employees of the Company or its Affiliates to accept employment from
any other person or entity. “Affiliate” is defined as any entity controlling, controlled by or
under common control with the Company within the meaning of Rule 405 of the Securities and Exchange
Commission under the Securities Act of 1933.

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8. FORM OF NOTICE

Every notice required by the terms of this Agreement shall be given in writing
by serving the same upon the party to whom it was addressed personally or by
registered or certified mail, return receipt requested, at the address set forth
below or at such other address as may hereafter be designated by notice given in
compliance with the terms hereof:

If to the Executive:

	 	 	 
	If to the Company:

	 	Biodel Inc.
	 

	 	Attn: President
	 

	 	6 Christopher Columbus Avenue
	 

	 	Danbury, CT 06810

or such other address as shall be provided in accordance with the terms hereof. Except as set forth
in Section 4.4 hereof, if notice is mailed, such notice shall be effective upon mailing. Notices
sent in any other manner specified above shall be effective upon receipt.

9. ASSIGNMENT

This Agreement is personal to the Executive and shall not be assignable by the Executive. The
Company shall assign to and require any successor (whether by purchase of assets, merger or
consolidation) to all or substantially all the business and/or assets of the Company to assume
expressly and agree to perform this Agreement in the same manner and to the same extent that the
Company would be required to perform it if no such succession had taken place. As used in this
Agreement, the “Company” shall mean Biodel Inc. and any affiliated company or successor to its
business and/or assets as aforesaid that assumes and agrees to perform this Agreement by contract,
operation of law or otherwise; and as long as such successor assumes and agrees to perform this
Agreement, the termination of the Executive’s employment by one such entity and the immediate
hiring and continuation of the Executive’s employment by the succeeding entity shall not be deemed
to constitute a termination or trigger any severance obligation under this Agreement. All the terms
and provisions of this Agreement shall be binding upon and insure to the benefit of and be
enforceable by the parties hereto and their respective successors and permitted assigns.

10. WAIVERS

No delay or failure by any party hereto in exercising, protecting or enforcing any of its rights,
titles, interests or remedies hereunder, and no course of dealing or performance with respect
thereto, shall constitute a waiver thereof. The express waiver by a party hereto of any right,
title, interest or remedy in a particular instance or circumstance shall not constitute a waiver
thereof in any other instance or circumstance. All rights and remedies shall be cumulative and not
exclusive of any other rights or remedies.

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11. AMENDMENTS IN WRITING

No amendment, modification, waiver, termination or discharge of any provision of this Agreement, or
consent to any departure therefrom by either party hereto, shall in any event be effective unless
the same shall be in writing, specifically identifying this Agreement and the provision intended to
be amended, modified, waived, terminated or discharged and signed by the President or Chief
Executive Officer of the Company and the Executive, and each such amendment, modification, waiver,
termination or discharge shall be effective only in the specific instance and for the specific
purpose for which given. No provision of this Agreement shall be varied, contradicted or explained
by any oral agreement, course of dealing or performance or any other matter not set forth in an
agreement in writing and signed by the Company and the Executive.

12. APPLICABLE LAW

This Agreement shall in all respects, including all matters of construction, validity and
performance, be governed by, and construed and enforced in accordance with, the laws of the State
of New York without regard to any rules governing conflicts of laws.

13. ARBITRATION; ATTORNEYS’ FEES

Except in connection with enforcing Section 7 hereof, for which legal and equitable remedies may be
sought in a court of law, any dispute arising under this Agreement shall be subject to arbitration.
The arbitration proceeding shall be conducted in accordance with the Employment Arbitration Rules
of the American Arbitration Association (the “AAA Rules”) then in effect, conducted by one (1)
arbitrator either mutually agreed upon or selected in accordance with the AAA Rules. The
arbitration shall be conducted in New York County, New York, under the jurisdiction of the New York
office of the American Arbitration Association. The arbitrator shall have authority only to
interpret and apply the provisions of this Agreement, and shall have no authority to add to,
subtract from or otherwise modify the terms of this Agreement. Any demand for arbitration must be
made within sixty (60) days of the event(s) giving rise to the claim that this Agreement has been
breached. The arbitrator’s decision shall be final and binding, and each party agrees to be bound
by the arbitrator’s award, subject only to an appeal therefrom in accordance with the laws of the
State of New York. Either party may obtain judgment upon the arbitrator’s award in the Supreme
Court of New York County, New York. If it becomes necessary to pursue or defend any legal
proceeding, whether in arbitration or court, in order to resolve a dispute arising under this
Agreement, the prevailing party in any such proceeding shall be entitled to recover costs and
attorneys’ fees.

14. SEVERABILITY

If any provision of this Agreement shall be held invalid, illegal or unenforceable in any
jurisdiction, for any reason, including, without limitation, the duration of such provision, its
geographical scope or the extent of the activities prohibited or required by it, then, to the full
extent permitted by law: (a) all other provisions hereof shall remain in full force and effect in
such jurisdiction and shall be liberally construed in order to carry out the intent of the parties
hereto as nearly as may be possible, (b) such invalidity, illegality or unenforceability shall not
affect the validity, legality or enforceability of any other provision hereof, and (c) any court or
arbitrator having jurisdiction thereover shall have the power to reform such provision to the
extent necessary for such provision to be enforceable under applicable law.

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15. COORDINATION WITH CHANGE OF CONTROL AGREEMENT

The Company and the Executive are contemporaneously with this Agreement entering into a Change of
Control Agreement (the “Change of Control Agreement”), which agreement provides for certain forms
of severance and benefit payments in the event of termination of Executive’s employment under
certain defined circumstances. This Agreement is in addition to the Change of Control Agreement,
providing certain assurances to the Executive in circumstances that the Change of Control Agreement
does not cover, and in no way supersedes or nullifies the Change of Control Agreement.
Nevertheless, it is possible that a termination of employment by the Company or by the Executive
may fall within the scope of both agreements. In such event, payments made to the Executive under
Section 5.1 hereof shall be coordinated with payments made to the Executive under Section 8.1 of
the Change of Control Agreement as follows:

(a) Accrued Obligations under this Agreement shall be paid first, in which case
the obligations under Section 8.1(a) of the Change of Control Agreement need
not be paid;

(b) COBRA Continuation under this Agreement shall be provided first, in which
case the obligations under Section 8.1(b) of the Change of Control Agreement
need not be provided; and

(c) The severance payments required under Sections 8.1(c) and 8.1(d) of the
Change of Control Agreement shall be paid first, in which case any severance
payment required under Sections 5.1(c) and 5.1(d) hereof need not be provided.

16. EXCESS PARACHUTE PAYMENTS

If any portion of the payments or benefits under this Agreement, taken together with any other
agreement or benefit plan of the Company (including stock options), would be characterized as an
“excess parachute payment” to the Executive under Section 280G of the Internal Revenue Code of
1986, as amended (the “Code”), the payments and benefits shall be reduced to the extent necessary
to avoid the imposition of any tax that would otherwise be owed under Section 4999 of the Code.
Such reductions shall first be made to the bonus payments referred to in Section 5.1(a)(ii), (iii)
or (iv), whichever is applicable, then to the salary continuation payments referred to in Section
5.1(c) and then to the salary payments under Section 5.1(a)(i). The determination of whether and
the extent to which payments and benefits are to be reduced pursuant to this Section 16 shall be
made in writing by tax accountants and/or tax lawyers selected by the Company and reasonably
acceptable to the Executive.

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17. ENTIRE AGREEMENT

Except as described in Section 15 hereof, this Agreement constitutes the entire agreement between
the Company and the Executive with respect to the subject matter hereof, and all prior or
contemporaneous oral or written communications, understandings, or agreements between the Company
and the Executive with respect to such subject matter are hereby superseded and nullified in their
entireties, except that the agreement relating to proprietary information and inventions between
the Executive and the Company shall continue in full force and effect.

18. COUNTERPARTS

This Agreement may be executed in counterparts, each of which counterpart shall be deemed an
original, but all of which together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the parties have executed and entered into this Agreement effective on the date
first set forth above.

	 	 	 	 	 
	BIODEL INC.

	 	EXECUTIVE
	 	 
	 
	By: /s/

	 	/s/	 	 
	 

	 	 

	 	 
	Its: President & CEO
	 	 	 	 

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EXHIBIT A

GENERAL RELEASE AND SETTLEMENT AGREEMENT

The parties to this General Release and Settlement Agreement (“Release”) between
_________ (“Employee”) and Biodel Inc. (“the Company”) state that:

The parties desire to terminate their employment relationship. Both parties desire to fully and
finally resolve all differences and disputes without further costs;

THEREFORE, the parties agree:

          1. Employee and the Company stipulate, agree, and understand that, in consideration of the
following mutual releases and, in the case of the Employee, the payments to Employee as provided in
the Executive Severance Agreement between the Employee and the Company dated December 15, 2005,
each, on behalf of itself, its successors, and assigns, and, in the case of the Employee, on behalf
of the Employee’s heirs, administrators and executors, releases the other, and, in the case of the
Company, its subsidiaries, affiliates, related companies and their directors, officers, employees
and agents, from any and all debts, obligations, claims, demands, judgments or causes of action of
any kind whatsoever in tort, contract, by statute, or on any other basis which either have or may
have arising out of the Employee’s employment by the Company and the termination thereof from the
beginning of time to the date of the signing this Release including but not limited to any claims
of harassment or discrimination (for example, on the basis of sex, race, age, national origin,
handicap or disability) under any federal, state or local law, rule or regulation including, but
not limited to, the Age Discrimination in Employment Act, 29 U.S.C. §621, et seq., Title
VII of the Civil Rights Act of 1964 and the Americans with Disabilities Act or
any claim arising under the Employment Retirement Income Security Act (“ERISA”) (except for
claims for vested benefits under ERISA), breach of contract, express or implied but excluding from
the foregoing mutual releases Workmen’s Compensation claims and obligations of the parties (i)
under this Release, (ii) under the Executive Severance and Change of Control Agreements between the
Employee and the Company dated December 15, 2005, (iii) under any stock option or other award
granted under any stock option or other plan of the Company including without limitation [here
describe options or awards by date of grant], (iv) under the Biodel Inc. Employee Proprietary
Information and Inventions Agreement executed by Employee, (v) relating to shares of Common Stock
of Biodel Inc. owned by Employee, (vi) under any indemnity provisions in favor of Employee
contained in the certificate of incorporation or bylaws of the Company or under Delaware law, (vii)
under the Indemnification Agreement with the Company dated ? executed by Employee or (viii) under
any policy of liability insurance of the Company for directors and officers. The obligations set
forth in (i) through (viii) are herein sometimes collectively referred to as “the Continuing
Obligations”.

          2. Employee agrees not to seek reemployment with the Company or any of its affiliates.

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          3. This Release shall be governed by the substantive law of the State of New York. In the
event of any dispute concerning the interpretation of this Release or in any way related to
Employee’s employment or termination of employment, the dispute shall be resolved by arbitration
within the County of New York, New York, in accordance with the then existing rules for employment
dispute arbitration of the American Arbitration Association, and judgment upon any arbitration
award may be entered by any state or federal court having jurisdiction thereof. The parties intend
this arbitration provision to be valid and construed as broadly as possible. The prevailing party
in such arbitration shall recover its reasonable costs and attorneys’ fees.

          4. If any provision of this General Release and Settlement Agreement is determined to be
invalid or unenforceable, all of the other provisions shall remain valid and enforceable
notwithstanding, unless the provision found to be unenforceable is of such material effect that
this Release cannot be performed in accordance with the intent of the parties in the absence
thereof.

          5. Except for the Continuing Obligations, no promise or agreement other than that expressed
herein has been made. Except for the Continuing Obligations, this General Release and Settlement
Agreement constitutes a single integrated contract expressing the entire agreement of the parties
hereto. Except for the Continuing Obligations, there are no other agreements, written or oral,
express or implied, between the parties concerning the subject matter hereof, except the provisions
set forth in this Release. Except for the Continuing Obligations, this Release supersedes all
previous agreements and understandings, whether written or oral. This Release can be amended,
modified or terminated only by a writing executed by both Employee and the President of the
Company.

          6. In compliance with the Older Workers Benefit Protection Act, Employee has been given
twenty-one (21) days to review this Release before signing it. Employee also understands that he
may revoke this General Release and Settlement Agreement within seven (7) days after it has been
signed and that it is not enforceable or effective until the seven (7) day revocation period has
expired. Additionally, employee has been advised in this writing to consult with an attorney before
executing this General Release and Settlement Agreement.

          7. THE EMPLOYEE STATES THAT HE/SHE IS IN GOOD HEALTH AND FULLY COMPETENT TO MANAGE HIS/HER
BUSINESS AFFAIRS, THAT HE/SHE HAS CAREFULLY READ THIS GENERAL RELEASE AND SETTLEMENT AGREEMENT,
THAT HE/SHE FULLY UNDERSTANDS ITS FINAL AND BINDING EFFECT, THAT THE ONLY PROMISES MADE TO HIM/HER
TO SIGN THIS RELEASE ARE THOSE STATED AND CONTAINED IN THIS RELEASE OTHER THAN FOR THE CONTINUING
OBLIGATIONS, AND THAT HE/SHE IS SIGNING THIS AGREEMENT KNOWINGLY AND VOLUNTARILY.

AGREED AND
ACCEPTED this ___ day of ___, ___:

	 	 	 
	BIODEL INC.

	 	EXECUTIVE
	 
	 	 
	By:                                                             

	 	                                                            
	Its:                                                             
	 	 

- 14 -exv4w1

 

EXHIBIT 4.1

AGREEMENT AND AMENDMENT

TO AMENDED AND RESTATED CREDIT AGREEMENT

(January 31, 2007)

          THIS AGREEMENT AND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this
“Amendment”), dated as of January 31, 2007 (the “Effective Date”), is made and
entered into by and among THE MEN’S WEARHOUSE, INC., a corporation organized under the laws of the
State of Texas (the “Revolving Borrower”); MOORES THE SUIT PEOPLE INC., a corporation
organized under the laws of the Province of New Brunswick, Canada (“MSP”); GOLDEN BRAND
CLOTHING (CANADA) LTD., a corporation organized under the laws of the Province of New Brunswick,
Canada (together with MSP, collectively, the “Term Borrowers” and individually, a “Term
Borrower”); the financial institutions whose names appear on the signature pages hereto
(collectively, the “Lenders” and individually, a “Lender”); JPMORGAN CHASE BANK,
N.A., as Administrative Agent (in such capacity, the “Administrative Agent”); and JPMORGAN
CHASE BANK, N.A., TORONTO BRANCH, as Canadian Agent (in such capacity, the “Canadian
Agent”). The Revolving Borrower, the Term Borrowers, the Lenders, the Administrative Agent and
the Canadian Agent are herein collectively called the “Parties”. This Amendment is joined
in by each Guarantor and each Pledgor for the purposes expressed herein.

Preliminary Statements

     1. The Parties are party to an Amended and Restated Credit Agreement dated as of December 21,
2005 (the “Credit Agreement”). Unless defined herein, terms used herein which are defined
in the Credit Agreement shall have the meanings therein ascribed to them.

     2. Pursuant to the Credit Agreement, certain Subsidiaries of the Revolving Borrower executed
and delivered to the Secured Parties (as defined therein) a Revolving Guaranty Agreement, the
Revolving Borrower as Term Guarantor executed and delivered to the Secured Parties (as defined
therein) a Term Guaranty Agreement, and certain Subsidiaries of the Revolving Borrower executed and
delivered to the Administrative Agent on behalf of the Secured Parties (as defined therein) a
Pledge and Security Agreement.

     3. The Revolving Borrower has asked the Lenders to extend the Revolving Maturity Date and to
increase the Total Revolving Commitment (without, however, reducing the Revolving Borrower’s
ability to cause an increase in the Total Revolving Commitment pursuant to and upon the terms
stated in Section 4.9 of the Credit Agreement). The Lenders are willing to extend the
Revolving Maturity Date and to increase the Total Revolving Commitment, all upon the terms and
conditions set forth in this Amendment.

 

 

Agreements

     NOW, THEREFORE, in consideration of the premises and for other good and valuable
consideration, the receipt and sufficiency of which are acknowledged by the Parties, the Parties
agree as follows:

     1. Amendment and Addition of Definitions. 

     (a) The definition of “Revolving Maturity Date” set forth in Section 1.1 of the Credit
Agreement is hereby amended to provide in its entirety as follows:

          ““Revolving Maturity Date” means February 11, 2012.”

     (b) The definition of “Total Revolving Commitment” set forth in Section 1.1 of the
Credit Agreement is hereby amended to provide in its entirety as follows:

          ““Total Revolving Commitment” means, at any time, the sum of the Revolving
Commitments of all Revolving Lenders at such time. The amount of the Total Revolving
Commitment as of the effective date of the First Amendment is $200,000,000. The amount of
each Revolving Lender’s Revolving Commitment as of the date of the First Amendment is set
forth on Schedule 1.1(a).”

     (c) There is hereby added to Section 1.1 of the Credit Agreement the following
definition:

          ““First Amendment” means that certain Agreement and Amendment to First Amended
and Restated Credit Agreement dated as of January 31, 2007, by and among the Borrowers, the
Lenders signatory thereto, the Administrative Agent, and the Canadian Agent, and joined in
by the Guarantors and the Pledgors.”

     (d) Schedule 1.1(a) to the Credit Agreement is hereby amended to conform to
Schedule 1.1(a) of this Amendment.

     2. No Impairment. Nothing in this Amendment is intended to or shall be construed to
limit, impair or diminish any right or obligation of the Revolving Borrower under Section
4.9 of the Credit Agreement.

     3. Conditions Precedent. This Amendment shall be effective as of the date set forth
above, subject to the satisfaction, in a manner satisfactory to the Administrative Agent, of each
of the following conditions precedent:

     (a) Documents and Certificates. The Administrative Agent shall have received the
following, in each case in form, scope and substance satisfactory to the Administrative Agent:

2

 

          (1) this Amendment, duly executed by the Borrowers, the Guarantors, the Pledgors, the
Lenders, the Administrative Agent, and the Canadian Agent;

          (2) a certificate of each Loan Party, dated as of the Effective Date and executed by
its Secretary or Assistant Secretary, certifying, inter alia, (A) Articles of Incorporation
and Bylaws (or equivalent corporate documents), as amended and in effect, of such Loan
Party; (B) resolutions duly adopted by the Board of Directors, members or other body of such
Loan Party authorizing the transactions contemplated by this Amendment, and (C) the
incumbency and specimen signatures of the officers of such Loan Party executing this
Amendment on its behalf;

          (3) such documents and certificates as the Administrative Agent may reasonably request
relating to the organization, existence and good standing of each Loan Party, and any other
legal matters relating to the Loan Parties, this Amendment, or the other Loan Documents;

          (4) a certificate dated the Effective Date executed by a Responsible Officer of the
Revolving Borrower certifying that, to the best of such Responsible Officer’s knowledge, (i)
since the end of Fiscal Year 2005 there has not occurred a material adverse change in the
business, property, operation or condition (financial or otherwise) of the Revolving
Borrower and its Subsidiaries, taken as a whole, (ii) the Revolving Borrower and the
Restricted Subsidiaries are, in all material respects, in compliance with all existing
financial obligations, (iii) no Default or Event of Default has occurred and is continuing,
(iv) the representations and warranties of the Revolving Borrower and each Restricted
Subsidiary contained in the Loan Documents (other than those representations and warranties
limited by their terms to a specific date, in which case they shall be true and correct as
of such date) are true and correct on and as of the Effective Date, (v) the Revolving
Borrower has no Material Restricted Subsidiary that has not executed and delivered to the
Secured Parties the Revolving Guaranty Agreement, and (vi) the Revolving Borrower has no
Material Restricted Subsidiary all of the Capital Stock in which (other than the total
issued and outstanding Foreign Subsidiary Voting Stock of a Foreign Subsidiary, as to which
no more than 65% is required to be pledged) has not been pledged to the Administrative Agent
for the equal and ratable benefit of the Secured Parties pursuant to the Pledge Agreement;

          (5) a duly executed promissory note, in the amount of such Lender’s new Revolving
Commitment, for the account of each Lender that requested a promissory note prior to the
Effective Date; and

          (6) any other documents reasonably requested by Administrative Agent on or before the
Effective Date.

     (b) Approvals. Each Loan Party shall have obtained all governmental and third party
approvals necessary or, in the reasonable judgment of the Administrative Agent, advisable to be

3

 

obtained by such Loan Party in connection with such Loan Party’s execution and delivery of
this Amendment.

     (c) Compliance with Law. No Law shall prohibit the transactions contemplated by this
Amendment. No order, judgment or decree of any Governmental Authority, and no action, suit,
investigation or proceeding pending or, to the knowledge of the Revolving Borrower, threatened in
any court or before any arbitrator or Governmental Authority that purports to affect the Revolving
Borrower or any Restricted Subsidiary shall exist that could reasonably be expected to have a
Material Adverse Effect.

     (d) Payment of Fees and Expenses. The Administrative Agent shall have received
payment of all fees and expenses (to the extent invoiced) required to be paid by the Borrowers
hereunder or under the Credit Agreement, including the reasonable fees and expenses of counsel for
the Administrative Agent in connection with the negotiation and closing of this Amendment.

     The Administrative Agent shall notify the Borrowers and the Lenders of the Effective Date, and
such notice shall be conclusive and binding.

     4. Financial Statements. The Revolving Borrower has furnished the Lenders with (a) its
audited consolidated financial statements for the Fiscal Year 2005 and (b) its unaudited
consolidated financial statements for the fiscal quarters ended April 29, 2006, July 29, 2006, and
October 28, 2006, certified by its chief financial officer, including balance sheets, income
statements and cash flow statements. The financial statements described above have been prepared
in conformity with GAAP, subject to year-end audit adjustments and the absence of footnotes in the
case of the financial statements referred to in clause (b) above. The financial statements
described above fairly present the consolidated financial condition of the Revolving Borrower and
its Subsidiaries and the results of their operations as of the dates and for the periods indicated.
As of the Effective Date, there has been no event since January 28, 2006, which could reasonably
be expected to have a Material Adverse Effect. As of the Effective Date, there exist no material
contingent liabilities or obligations, unusual long-term commitments or unrealized losses of the
Revolving Borrower or any Subsidiary which are not fully disclosed in the financial statements
described above or disclosed by the Revolving Borrower to the Administrative Agent in writing.

     5. Litigation. As of the Effective Date, there is no action, suit or proceeding pending
(or, to the best knowledge of the Revolving Borrower, threatened) against the Revolving Borrower or
any Subsidiary before any court, administrative agency or arbitrator (i) which could reasonably be
expected to have a Material Adverse Effect or (ii) that involves any of the Loan Documents or the
Transactions.

     6. Representations True; No Default. The Revolving Borrower represents and warrants
that (a) the representations and warranties of the Revolving Borrower and each Restricted
Subsidiary contained in the Loan Documents (other than those representations and warranties limited
by their terms to a specific date, in which case they shall be true and correct as
of such date) are true and correct on and as of the Effective Date and (b) as of the Effective
Date of this Amendment, no Default or Event of Default has occurred and is continuing.

4

 

     7. Ratification. The Credit Agreement, as hereby amended, and the other Loan
Documents are in all respects ratified and confirmed and are, and shall continue to be, in full
force and effect. The Borrowers, each Guarantor and each Pledgor hereby agree and acknowledge that
all of their respective liabilities and obligations under the Credit Agreement, the other Loan
Documents, or otherwise, remain in full force and effect as of the date of this Amendment and after
giving effect to it.

     8. Definitions and References. Unless otherwise defined herein, terms used herein
which are defined in the Credit Agreement or in the other Loan Documents shall have the meanings
therein ascribed to them. The term “Agreement” as used in the Credit Agreement and the term
“Credit Agreement” as used in the other Loan Documents or any other instrument, document or writing
furnished to the Administrative Agent, the Canadian Agent, or any Lender by or on behalf of any
Loan Party shall mean the Credit Agreement as hereby amended.

     9. Expenses. Each Borrower agrees to pay within fifteen (15) days after demand all
reasonable costs and expenses (including reasonable counsel’s fees) incurred in connection with the
preparation, reproduction, execution and delivery of this Amendment and with respect to advising
the Administrative Agent as to its rights and responsibilities under the Credit Agreement, as
hereby amended. In addition, the Borrowers shall pay all costs and expenses of the Administrative
Agent and each Secured Party (including counsel’s fees) in connection with the enforcement of this
Amendment.

     10. Severability. Should any clause, sentence, paragraph or section of this
Amendment, or of the Credit Agreement as amended by this Amendment, be judicially declared to be
invalid, unenforceable or void, such decision shall not have the effect of invalidating or voiding
the remainder of this Amendment or of the Credit Agreement, and the Parties agree that the part or
parts of this Amendment or of the Credit Agreement as amended by this Amendment so held to be
invalid, unenforceable or void will be deemed to have been stricken herefrom and therefrom and the
remainder will have the same force and effectiveness as if such part or parts had never been
included herein.

     11. Miscellaneous. This Amendment (a) may be modified, amended or waived only in the
manner prescribed by the Credit Agreement; (b) SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK AND THE UNITED STATES OF AMERICA; (c) embodies the entire
agreement and understanding among the Parties, the Guarantors and the Pledgors with respect to the
subject matter hereof and supersedes all prior agreements, consents and understandings relating to
such subject matter, and (d) is a Loan Document.

     12. Survival of Representations, Warranties and Covenants. All representations,
warranties and covenants contained herein or made in writing by the Revolving Borrower and the
Restricted Subsidiaries in connection herewith shall survive the execution and delivery of this
Amendment and will bind and inure to the benefit of the respective successors and permitted
assigns of the Parties, whether so expressed or not. No investigation at any time made by or
on

5

 

behalf of the Lenders shall diminish the Lenders’ right to rely on such representations,
warranties and covenants.

     13. Counterparts. This Amendment may be executed in several counterparts, and by the
Parties, the Guarantors and the Pledgors on separate counterparts, and each counterpart, when so
executed and delivered, shall constitute an original instrument, and all such separate counterparts
shall constitute but one and the same instrument. Delivery of an executed counterpart of a
signature page to any Loan Document by facsimile or internet transmission shall be as effective as
delivery of an original, manually executed counterpart thereof.

     14. Descriptive Headings. The section headings in this Amendment have been inserted
for convenience only and shall be given no substantive meaning or significance whatsoever in
construing the terms and provisions of this Amendment.

     15. Provisions Incorporated by Reference. The provisions of Article 11 and of
Sections 13.1, 13.5, 13.10, 13.12 through 13.16, and 13.18 through 13.21 of the
Credit Agreement are incorporated into this Amendment by this reference and shall be applicable to
this Amendment and the matters addressed in it as if set forth herein in full.

     16. Confirmation of Revolving Guaranty Agreement and Pledge and Security Agreement.

     (a) Each of the Guarantors and each of the Pledgors hereby (i) consents to the execution and
delivery by the Borrowers of this Amendment and (ii) acknowledges that without such consent and
confirmation, the Secured Parties would not agree to this Amendment.

     (b) Each Revolving Guarantor hereby confirms that, notwithstanding the changes made by this
Amendment, the Revolving Guaranty Agreement dated as of December 21, 2005, applies and shall
continue to apply to the Credit Agreement, as amended by this Amendment, and all Obligations of the
Revolving Borrower now or hereafter existing (except as otherwise limited by the Revolving Guaranty
Agreement).

     (c) The Term Guarantor hereby confirms that, notwithstanding the changes made by this
Amendment, the Term Guaranty Agreement dated as of December 21, 2005, applies and shall continue to
apply to the Credit Agreement, as amended by this Amendment, and all Obligations of the Term
Borrowers now or hereafter existing.

     (d) Each Pledgor hereby (i) pledges to the Administrative Agent, for the equal and ratable
benefit of the Secured Parties, and hereby grants to the Administrative Agent, for the equal and
ratable benefit of the Secured Parties, a security interest in, and a lien on, the Pledged
Collateral to secure the Obligations of the Revolving Borrower and the Restricted Subsidiaries as
the same may be modified and increased pursuant to this Amendment, and (ii) confirms that,
notwithstanding the changes made by this Amendment, the Pledge and Security Agreement dated as of
December 21, 2005, which such Pledgor executed in favor of the Secured Parties under the

6

 

Credit Agreement, secures and shall continue to secure all Obligations of the Revolving
Borrower and the Restricted Subsidiaries under the Loan Documents.

7

 

     THIS AMENDMENT REPRESENTS THE FINAL AGREEMENT AMONG THE PARTIES, THE GUARANTORS AND THE
PLEDGORS AS TO THE SUBJECT MATTER HEREOF AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL
AGREEMENTS AMONG THE PARTIES.

     IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed by their respective
duly authorized officers.

	 	 	 	 	 
	 	THE MEN’S WEARHOUSE, INC., as Revolving Borrower

 	 
	 	By:  	/s/ Neill P. Davis
 	 
	 	 	Name:  	Neill P. Davis 	 
	 	 	Title:  	Executive Vice President, Chief Financial

Officer, Treasurer and Principal Financial Officer 	 
	 
	 	MOORES THE SUIT PEOPLE INC., as Term Borrower

 	 
	 	By:  	/s/ Neill P. Davis
 	 
	 	 	Name:  	Neill P. Davis 	 
	 	 	Title:  	Treasurer 	 
	 
	 	GOLDEN BRAND CLOTHING (CANADA) LTD., as Term Borrower

 	 
	 	By:  	/s/ Neill P. Davis
 	 
	 	 	Name:  	Neill P. Davis 	 
	 	 	Title:  	Treasurer 	 
	 

8

 

     Each Guarantor and each Pledgor signs below to agree as provided in Section 16 of
this Amendment.

	 	 	 	 	 
	 	THE MEN’S WEARHOUSE, INC.,

as Pledgor and Term Guarantor

 	 
	 	By:  	/s/ Neill P. Davis
 	 
	 	 	Name:  	Neill P. Davis 	 
	 	 	Title:  	Executive Vice President, Chief Financial
Officer, Treasurer and Principal Financial Officer 	 
	 

 

 

	 	 	 	 	 
	 	TMW MARKETING COMPANY, INC.

as Pledgor and as Revolving Guarantor

 	 
	 	By:  	/s/ Claudia Pruitt
 	 
	 	 	Name:  	Claudia Pruitt 	 
	 	 	Title:  	Vice President and Treasurer 	 
	 

 

 

	 	 	 	 	 
	 	TMW MERCHANTS LLC,

as Pledgor and as Revolving Guarantor

 	 
	 	By:  	/s/ Neill P. Davis
 	 
	 	 	Name:  	Neill P. Davis 	 
	 	 	Title:  	Vice President, Treasurer and Chief Financial
Officer 	 
	 

 

 

	 	 	 	 	 
	 	MOORES RETAIL GROUP INC.,

as Pledgor

 	 
	 	By:  	/s/ Neill P. Davis
 	 
	 	 	Name:  	Neill P. Davis 	 
	 	 	Title:  	Treasurer 	 
	 

 

 

	 	 	 	 	 
	 	TMW PURCHASING LLC,

as Revolving Guarantor

 	 
	 	By:  	/s/ Neill P. Davis
 	 
	 	 	Name:  	Neill P. Davis 	 
	 	 	Title:  	Vice President, Treasurer and Chief Financial
Officer 	 
	 

 

 

	 	 	 	 	 
	 	K&G MEN’S COMPANY INC.,

as Revolving Guarantor

 	 
	 	By:  	/s/ Neill P. Davis
 	 
	 	 	Name:  	Neill P. Davis 	 
	 	 	Title:  	Treasurer 	 
	 

 

 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A., as 

Administrative Agent and as Revolving Lender

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

 

 

	 	 	 	 	 
	 	WACHOVIA BANK, NATIONAL ASSOCIATION, as Revolving Lender

 	 
	 	By:  	/s/ Mark S. Supple
 	 
	 	 	Name:  	Mark S. Supple 	 
	 	 	Title:  	Vice President 	 
	 

 

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A., as Revolving Lender

 	 
	 	By:  	/s/ Brian D. Corum
 	 
	 	 	Name:  	Brian D. Corum 	 
	 	 	Title:  	Senior Vice President 	 
	 

 

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A. (CANADA BRANCH), as Term Lender

 	 
	 	By:  	/s/ Medina Sales de Andrade
 	 
	 	 	Name:  	Medina Sales de Andrade 	 
	 	 	Title:  	Vice President 	 
	 

 

 

	 	 	 	 	 
	 	NATIONAL CITY BANK, as Revolving Lender

 	 
	 	By:  	/s/ Michael J. Durbin
 	 
	 	 	Name:  	Michael J. Durbin 	 
	 	 	Title:  	Senior Vice President 	 
	 

 

 

	 	 	 	 	 
	 	NATIONAL CITY BANK, as Term Lender

 	 
	 	By:  	/s/ Michael J. Durbin
 	 
	 	 	Name:  	Michael J. Durbin 	 
	 	 	Title:  	Senior Vice President 	 
	 

 

 

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION, as Revolving Lender

 	 
	 	By:  	/s/ Veronica Morrissette
 	 
	 	 	Name:  	Veronica Morrissette 	 
	 	 	Title:  	Vice President 	 
	 

 

 

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION, CANADA BRANCH, as Term Lender

 	 
	 	By:  	/s/ Kevin Jephcott
 	 
	 	 	Name:  	Kevin Jephcott 	 
	 	 	Title:  	Principal Officer 	 
	 

 

 

	 	 	 	 	 
	 	THE BANK OF NOVA SCOTIA, as Revolving Lender

 	 
	 	By:  	/s/ Richard Hawthorne
 	 
	 	 	Name:  	Richard Hawthorne 	 
	 	 	Title:  	Director 	 
	 

 

 

	 	 	 	 	 
	 	THE BANK OF NOVA SCOTIA, as Term Lender

 	 
	 	By:  	/s/ Richard Hawthorne
 	 
	 	 	Name:  	Richard Hawthorne 	 
	 	 	Title:  	Director 	 
	 

 

 

	 	 	 	 	 
	 	UNION BANK OF CALIFORNIA, N.A., as Revolving Lender

 	 
	 	By:  	/s/ Henry G. Montgomery
 	 
	 	 	Name:  	Henry G. Montgomery 	 
	 	 	Title:  	Vice President 	 
	 

 

 

	 	 	 	 	 
	 	UNION BANK OF CALIFORNIA, CANADA BRANCH, as Term Lender

 	 
	 	By:  	/s/ Henry G. Montgomery
 	 
	 	 	Name:  	Henry G. Montgomery 	 
	 	 	Title:  	Vice President 	 
	 

 

 

	 	 	 	 	 
	 	WELLS FARGO BANK, N.A., as Revolving Lender

 	 
	 	By:  	/s/ Steve Melton
 	 
	 	 	Name:  	Steve Melton 	 
	 	 	Title:  	Vice President 	 
	 

 

 

	 	 	 	 	 
	 	WELLS FARGO FINANCIAL CORPORATION CANADA, as Term Lender

 	 
	 	By:  	/s/ Nick Scarfo
 	 
	 	 	Name:  	Nick Scarfo 	 
	 	 	Title:  	Vice President 	 
	 

 

 

	 	 	 	 	 
	 	BANK OF TEXAS, N.A., as Revolving Lender

 	 
	 	By:  	/s/ Marian Livingston
 	 
	 	 	Name:  	Marian Livingston 	 
	 	 	Title:  	Vice President

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