Document:

exv10w1

Exhibit 10.1

$250,000,000 REVOLVING CREDIT FACILITY

AMENDED AND RESTATED CREDIT AGREEMENT

by and among

OM GROUP, INC.

THE GUARANTORS PARTY HERETO

THE LENDERS PARTY HERETO

PNC CAPITAL MARKETS LLC,

BANC OF AMERICA SECURITIES LLC and

WELLS FARGO BANK, NATIONAL ASSOCIATION

as Joint Lead Arrangers

PNC CAPITAL MARKETS LLC,

as Sole Bookrunner

and

PNC BANK, NATIONAL ASSOCIATION, As Administrative Agent

Dated as of March 8, 2010

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	1. CERTAIN DEFINITIONS
	 	 	1	 
	1.1 Certain Definitions
	 	 	1	 
	1.2 Construction
	 	 	22	 
	1.3 Accounting Principles
	 	 	23	 
	 
	 	 	 	 
	2. REVOLVING CREDIT AND SWING LOAN FACILITIES
	 	 	23	 
	2.1 Revolving Credit Commitments
	 	 	23	 
	2.1.1 Revolving Credit Loans
	 	 	23	 
	2.1.2 Swing Loan Commitment
	 	 	24	 
	2.2 Nature of Lenders’ Obligations with Respect to Revolving
Credit Loans
	 	 	24	 
	2.3 Commitment Fees
	 	 	24	 
	2.4 Revolving Credit Loan Requests; Swing Loan Requests
	 	 	24	 
	2.4.1 Revolving Credit Loan Requests
	 	 	24	 
	2.4.2 Swing Loan Requests
	 	 	25	 
	2.5 Making Revolving Credit Loans and Swing Loans; Presumptions
by the Administrative Agent; Repayment of Revolving Credit Loans; Borrowings
to Repay Swing Loans
	 	 	25	 
	2.5.1 Making Revolving Credit Loans
	 	 	25	 
	2.5.2 Presumptions by the Administrative Agent

	 	 	26	 
	2.5.3 Making Swing Loans
	 	 	26	 
	2.5.4 Repayment of Revolving Credit Loans
	 	 	26	 
	2.5.5 Borrowings to Repay Swing Loans
	 	 	26	 
	2.6 Notes
	 	 	27	 
	2.7 Use of Proceeds
	 	 	27	 
	2.8 Letter of Credit Subfacility
	 	 	27	 
	2.8.1 Issuance of Letters of Credit
	 	 	27	 
	2.8.2 Letter of Credit Fees
	 	 	28	 
	2.8.3 Disbursements, Reimbursement
	 	 	28	 
	2.8.4 Repayment of Participation Advances
	 	 	29	 
	2.8.5 Documentation
	 	 	30	 
	2.8.6 Determinations to Honor Drawing Requests

	 	 	30	 
	2.8.7 Nature of Participation and Reimbursement
Obligations
	 	 	30	 
	2.8.8 Indemnity
	 	 	32	 
	2.8.9 Liability for Acts and Omissions
	 	 	32	 
	2.8.10 Issuing Lender Reporting Requirements
	 	 	33	 
	2.9 Reduction of Revolving Credit Commitment
	 	 	33	 
	2.10 Utilization of Commitments in the Optional Currency
	 	 	34	 
	2.10.1 Periodic Computations of Dollar Equivalent Amounts of
Revolving Credit Loans
	 	 	34	 
	2.10.2 Notice From Lenders That Optional Currency is Unavailable to
Fund New Loans
	 	 	34	 
	2.10.3 Notices from Lenders That an Optional Currency is
Unavailable to Fund Renewals of the LIBOR Rate Option
	 	 	34	 
	2.11 Currency Repayments
	 	 	35	 

i

 

	 	 	 	 	 
	 	 	Page	 
	2.12 Optional Currency Amounts
	 	 	35	 
	2.13 Requests for Additional Optional Currencies
	 	 	35	 
	2.14 Increase in Revolving Credit Commitments
	 	 	36	 
	2.14.1 Increasing Lenders and New Lenders
	 	 	36	 
	2.14.2 Treatment of Outstanding Loans and Letters of Credit

	 	 	37	 
	 
	 	 	 	 
	3. INTENTIONALLY OMITTED
	 	 	37	 
	 
	 	 	 	 
	4. INTEREST RATES
	 	 	37	 
	4.1 Interest Rate Options
	 	 	37	 
	4.1.1 Revolving Credit Interest Rate Options;
Swing Line Interest Rate
	 	 	38	 
	4.1.2 Rate Quotations
	 	 	38	 
	4.2 Interest Periods
	 	 	38	 
	4.2.1 Amount of Borrowing Tranche
	 	 	38	 
	4.2.2 Renewals
	 	 	39	 
	4.3 Interest After Default
	 	 	39	 
	4.3.1 Letter of Credit Fees, Interest Rate

	 	 	39	 
	4.3.2 Other Obligations
	 	 	39	 
	4.3.3 Acknowledgment
	 	 	39	 
	4.4 LIBOR Rate Unascertainable; Illegality; Increased Costs;
Deposits Not Available
	 	 	39	 
	4.4.1 Unascertainable
	 	 	39	 
	4.4.2 Illegality; Increased Costs; Deposits Not
Available
	 	 	39	 
	4.4.3 Administrative Agent’s and Lender’s Rights

	 	 	40	 
	4.5 Selection of Interest Rate Options and Optional Currency

	 	 	40	 
	 
	 	 	 	 
	5. PAYMENTS
	 	 	41	 
	5.1 Payments
	 	 	41	 
	5.2 Pro Rata Treatment of Lenders
	 	 	41	 
	5.3 Sharing of Payments by Lenders
	 	 	41	 
	5.4 Presumptions by Administrative Agent
	 	 	43	 
	5.5 Interest Payment Dates
	 	 	43	 
	5.6 Voluntary Prepayments
	 	 	43	 
	5.6.1 Right to Prepay
	 	 	43	 
	5.6.2 Replacement of a Lender
	 	 	44	 
	5.7 [Intentionally Omitted]
	 	 	45	 
	5.8 Currency Fluctuations
	 	 	45	 
	5.9 Increased Costs
	 	 	45	 
	5.9.1 Increased Costs Generally
	 	 	45	 
	5.9.2 Capital Requirements
	 	 	46	 
	5.9.3 Certificates for Reimbursement; Repayment of
Outstanding Loans; Borrowing of New Loans
	 	 	46	 
	5.9.4 Delay in Requests
	 	 	46	 
	5.10 Taxes
	 	 	46	 
	5.10.1 Payments Free of Taxes
	 	 	46	 
	5.10.2 Payment of Other Taxes by the Borrower
	 	 	47	 
	5.10.3 Indemnification by the Borrower
	 	 	47	 

ii

 

	 	 	 	 	 
	 	 	Page	 
	5.10.4 Evidence of Payments
	 	 	47	 
	5.10.5 Status of Lenders
	 	 	47	 
	5.10.6 Refunds
	 	 	49	 
	5.11 Indemnity
	 	 	49	 
	5.12 Settlement Date Procedures
	 	 	50	 
	5.13 Judgment Currency
	 	 	50	 
	5.13.1 Currency Conversion Procedures for Judgments
	 	 	50	 
	5.13.2 Indemnity in Certain Events
	 	 	50	 
	 
	 	 	 	 
	6. REPRESENTATIONS AND WARRANTIES
	 	 	51	 
	6.1 Representations and Warranties
	 	 	51	 
	6.1.1 Organization and Qualification; Power and
Authority; Compliance With Laws; Title to Properties; Event of
Default
	 	 	51	 
	6.1.2 Subsidiaries and Owners; Investment
Companies
	 	 	51	 
	6.1.3 Validity and Binding Effect
	 	 	51	 
	6.1.4 No Conflict; Material Agreements; Consents

	 	 	52	 
	6.1.5 Litigation
	 	 	52	 
	6.1.6 Financial Statements
	 	 	52	 
	6.1.7 Margin Stock
	 	 	53	 
	6.1.8 Full Disclosure
	 	 	53	 
	6.1.9 Taxes
	 	 	53	 
	6.1.10 Patents, Trademarks, Copyrights, Licenses, Etc
	 	 	53	 
	6.1.11 Liens in the Collateral
	 	 	54	 
	6.1.12 Insurance
	 	 	54	 
	6.1.13 ERISA Compliance
	 	 	54	 
	6.1.14 Environmental Matters
	 	 	54	 
	6.1.15 Acquisition Documents
	 	 	54	 
	6.1.16 Solvency
	 	 	55	 
	6.2 Updates to Schedules
	 	 	55	 
	 
	 	 	 	 
	7. CONDITIONS OF LENDING AND ISSUANCE OF LETTERS OF CREDIT
	 	 	55	 
	7.1 First Loans and Letters of Credit
	 	 	55	 
	7.1.1 Deliveries
	 	 	55	 
	7.1.2 Payment of Fees
	 	 	56	 
	7.2 Each Loan or Letter of Credit
	 	 	56	 
	 
	 	 	 	 
	8. COVENANTS
	 	 	57	 
	8.1 Affirmative Covenants
	 	 	57	 
	8.1.1 Preservation of Existence, Etc
	 	 	57	 
	8.1.2 Payment of Liabilities, Including Taxes,
Etc
	 	 	57	 
	8.1.3 Maintenance of Insurance
	 	 	57	 
	8.1.4 Maintenance of Properties and Leases

	 	 	57	 
	8.1.5 Visitation Rights
	 	 	57	 
	8.1.6 Keeping of Records and Books of Account

	 	 	58	 
	8.1.7 Compliance with Laws; Use of Proceeds

	 	 	58	 
	8.1.8 Further Assurances
	 	 	58	 
	8.1.9 Anti-Terrorism Laws
	 	 	58	 
	8.1.10 Lien Waiver Agreements
	 	 	58	 

iii

 

	 	 	 	 	 
	 	 	Page	 
	8.1.11 Harko C.V. Pledge Agreement
	 	 	59	 
	8.2 Negative Covenants
	 	 	59	 
	8.2.1 Indebtedness
	 	 	59	 
	8.2.2 Liens; Lien Covenants; Restrictions on Funds
Transfer
	 	 	60	 
	8.2.3 Guaranties
	 	 	60	 
	8.2.4 Loans and Investments
	 	 	60	 
	8.2.5 Dividends and Related Distributions
	 	 	61	 
	8.2.6 Liquidations, Mergers, Consolidations,
Acquisitions
	 	 	61	 
	8.2.7 Dispositions of Assets or Subsidiaries.

	 	 	63	 
	8.2.8 Affiliate Transactions
	 	 	64	 
	8.2.9 Subsidiaries, Partnerships and Joint
Ventures
	 	 	64	 
	8.2.10 Continuation of or Change in Business
	 	 	64	 
	8.2.11 Fiscal Year
	 	 	65	 
	8.2.12 Issuance of Stock
	 	 	65	 
	8.2.13 Changes in Organizational Documents
	 	 	65	 
	8.2.14 Capital Expenditures and Leases
	 	 	65	 
	8.2.15 Maximum Leverage Ratio
	 	 	65	 
	8.2.16 Minimum Interest Coverage Ratio
	 	 	65	 
	8.3 Reporting Requirements
	 	 	65	 
	8.3.1 Quarterly Financial Statements
	 	 	66	 
	8.3.2 Annual Financial Statements
	 	 	66	 
	8.3.3 Certificate of the Borrower
	 	 	66	 
	8.3.4 Notices
	 	 	66	 
	 
	 	 	 	 
	9. DEFAULT
	 	 	67	 
	9.1 Events of Default
	 	 	67	 
	9.1.1 Payments Under Loan Documents
	 	 	67	 
	9.1.2 Breach of Warranty
	 	 	68	 
	9.1.3 Breach of Negative Covenants or Visitation
Rights
	 	 	68	 
	9.1.4 Breach of Other Covenants
	 	 	68	 
	9.1.5 Defaults in Other Agreements or
Indebtedness
	 	 	68	 
	9.1.6 Final Judgments or Orders
	 	 	68	 
	9.1.7 Loan Document Unenforceable
	 	 	68	 
	9.1.8 Uninsured Losses; Proceedings Against
Assets
	 	 	68	 
	9.1.9 Events Relating to Plans and Benefit
Arrangements
	 	 	69	 
	9.1.10 Change of Control
	 	 	69	 
	9.1.11 Cessation of Business
	 	 	69	 
	9.1.12 Relief Proceedings
	 	 	69	 
	9.2 Consequences of Event of Default
	 	 	69	 
	9.2.1 Events of Default Other Than Bankruptcy,
Insolvency or Reorganization Proceedings
	 	 	69	 
	9.2.2 Bankruptcy, Insolvency or Reorganization
Proceedings
	 	 	70	 
	9.2.3 Set-off
	 	 	70	 
	9.2.4 Application of Proceeds
	 	 	70	 
	 
	 	 	 	 
	10. THE ADMINISTRATIVE AGENT
	 	 	71	 
	10.1 Appointment and Authority
	 	 	71	 
	10.2 Rights as a Lender
	 	 	71	 
	10.3 Exculpatory Provisions
	 	 	71	 

iv

 

	 	 	 	 	 
	 	 	Page	 
	10.4 Reliance by Administrative Agent
	 	 	72	 
	10.5 Delegation of Duties
	 	 	72	 
	10.6 Resignation of Administrative Agent
	 	 	73	 
	10.7 Non-Reliance on Administrative Agent and Other Lenders

	 	 	74	 
	10.8 No Other Duties, etc
	 	 	74	 
	10.9 Administrative Agent’s Fee
	 	 	74	 
	10.10 Authorization to Release Collateral and Guarantors
	 	 	74	 
	10.11 No Reliance on Administrative Agent’s Customer
Identification Program
	 	 	74	 
	 
	 	 	 	 
	11. MISCELLANEOUS
	 	 	75	 
	11.1 Modifications, Amendments or Waivers
	 	 	75	 
	11.1.1 Increase of Commitment
	 	 	75	 
	11.1.2 Extension of Payment; Reduction of Principal Interest or
Fees; Modification of Terms of Payment
	 	 	75	 
	11.1.3 Release of Collateral or Guarantor
	 	 	75	 
	11.1.4 Miscellaneous
	 	 	75	 
	11.2 No Implied Waivers; Cumulative Remedies
	 	 	75	 
	11.3 Expenses; Indemnity; Damage Waiver
	 	 	76	 
	11.3.1 Costs and Expenses
	 	 	76	 
	11.3.2 Indemnification by the Borrower
	 	 	76	 
	11.3.3 Reimbursement by Lenders
	 	 	77	 
	11.3.4 Waiver of Consequential Damages, Etc
	 	 	77	 
	11.3.5 Payments
	 	 	77	 
	11.4 Holidays
	 	 	77	 
	11.5 Notices; Effectiveness; Electronic Communication
	 	 	78	 
	11.5.1 Notices Generally
	 	 	78	 
	11.5.2 Electronic Communications
	 	 	78	 
	11.5.3 Change of Address, Etc
	 	 	78	 
	11.6 Severability
	 	 	79	 
	11.7 Duration; Survival
	 	 	79	 
	11.8 Successors and Assigns
	 	 	79	 
	11.8.1 Successors and Assigns Generally
	 	 	79	 
	11.8.2 Assignments by Lenders
	 	 	79	 
	11.8.3 Register
	 	 	81	 
	11.8.4 Participations
	 	 	81	 
	11.8.5 Limitations upon Participant Rights Successors and Assigns
Generally
	 	 	81	 
	11.8.6 Certain Pledges; Successors and Assigns Generally
	 	 	82	 
	11.9 Confidentiality
	 	 	82	 
	11.9.1 General
	 	 	82	 
	11.9.2 Sharing Information With Affiliates of the Lenders
	 	 	82	 
	11.10 Counterparts; Integration; Effectiveness
	 	 	83	 
	11.10.1 Counterparts; Integration; Effectiveness
	 	 	83	 
	11.11 CHOICE OF LAW; SUBMISSION TO JURISDICTION; WAIVER OF VENUE;
SERVICE OF PROCESS; WAIVER OF JURY TRIAL
	 	 	83	 
	11.11.1 Governing Law
	 	 	83	 
	11.11.2 SUBMISSION TO JURISDICTION
	 	 	83	 
	11.11.3 WAIVER OF VENUE
	 	 	84	 
	11.11.4 SERVICE OF PROCESS
	 	 	84	 

v

 

	 	 	 	 	 
	 	 	Page	 
	11.11.5 WAIVER OF JURY TRIAL
	 	 	84	 
	11.12 USA Patriot Act Notice
	 	 	84	 
	11.13 Joinder of Loan Party
	 	 	85	 

vi

 

LIST OF SCHEDULES AND EXHIBITS

	 	 	 	 	 
	SCHEDULES	 	 	 	 
	 
	SCHEDULE 1.1(A)

	 	-
	 	PRICING GRID
	SCHEDULE 1.1(B)

	 	-
	 	COMMITMENTS OF LENDERS AND ADDRESSES FOR
NOTICES; LENDING OFFICES
	SCHEDULE 1.1(C)

	 	-
	 	ADDITIONAL COSTS
	SCHEDULE 1.1(P)

	 	-
	 	PERMITTED LIENS
	SCHEDULE 2.8

	 	-
	 	EXISTING LETTERS OF CREDIT
	SCHEDULE 6.1.1

	 	-
	 	QUALIFICATIONS TO DO BUSINESS
	SCHEDULE 6.1.2

	 	-
	 	SUBSIDIARIES
	SCHEDULE 6.1.14

	 	-
	 	ENVIRONMENTAL DISCLOSURES
	SCHEDULE 7.1.1

	 	-
	 	OPINION OF COUNSEL
	SCHEDULE 8.1.3

	 	-
	 	INSURANCE REQUIREMENTS RELATING TO COLLATERAL
	SCHEDULE 8.2.1

	 	-
	 	PERMITTED INDEBTEDNESS
	SCHEDULE 8.2.3

	 	-
	 	PERMITTED GUARANTIES
	SCHEDULE 8.2.4

	 	-
	 	PERMITTED INVESTMENTS
	SCHEDULE 8.2.9

	 	-
	 	PERMITTED JOINT VENTURES
	 
	 	 	 	 
	EXHIBITS
	 	 	 	 
	 
	 	 	 	 
	EXHIBIT 1.1(A)

	 	-
	 	ASSIGNMENT AND ASSUMPTION AGREEMENT
	EXHIBIT 1.1(C)

	 	-
	 	COLLATERAL ASSIGNMENT OF CONTRACT RIGHTS
	EXHIBIT 1.1(G)(1)

	 	-
	 	GUARANTOR JOINDER
	EXHIBIT 1.1(G)(2)

	 	-
	 	GUARANTY AGREEMENT
	EXHIBIT 1.1(I)

	 	-
	 	INTERCOMPANY SUBORDINATION AGREEMENT
	EXHIBIT 1.1(J)

	 	-
	 	JOINDER AGREEMENT
	EXHIBIT 1.1(N)(1)

	 	-
	 	REVOLVING CREDIT NOTE
	EXHIBIT 1.1(N)(2)

	 	-
	 	SWING LOAN NOTE
	EXHIBIT 1.1(P)(1)

	 	-
	 	PATENT, TRADEMARK AND COPYRIGHT SECURITY
AGREEMENT
	EXHIBIT 1.1(P)(2)

	 	-
	 	PLEDGE AGREEMENT
	EXHIBIT 1.1(S)

	 	-
	 	SECURITY AGREEMENT
	EXHIBIT 2.4.1

	 	-
	 	LOAN REQUEST
	EXHIBIT 2.4.2

	 	-
	 	SWING LOAN REQUEST
	EXHIBIT 2.5

	 	-
	 	LENDER JOINDER
	EXHIBIT 8.3.3

	 	-
	 	QUARTERLY COMPLIANCE CERTIFICATE

vii

 

AMENDED AND RESTATED CREDIT AGREEMENT

     THIS AMENDED AND RESTATED CREDIT AGREEMENT (as hereafter amended, the “Agreement”) is dated as
of March 8, 2010, and is made by and among OM GROUP, INC., a Delaware corporation (the “Borrower”),
each of the GUARANTORS (as hereinafter defined), the LENDERS (as hereinafter defined), and PNC
BANK, NATIONAL ASSOCIATION, in its capacity as administrative agent for the Lenders under this
Agreement (hereinafter referred to in such capacity as the “Administrative Agent”).

     The Borrower, the Guarantors, certain of the Lenders, and PNC, as successor to National City
Bank, are parties to that certain Revolving Credit Agreement dated December 20, 2005, as amended
(the “Existing Credit Agreement”), pursuant to which the lenders thereunder have made available to
the Borrower a revolving credit facility in the amount of $100,000,000.

     The Borrower has requested the Lenders to provide a revolving credit facility to the Borrower
in an aggregate principal amount not to exceed $250,000,000, and in connection therewith, amend and
restate the Existing Credit Agreement. In consideration of their mutual covenants and agreements
hereinafter set forth and intending to be legally bound hereby, the parties hereto covenant and
agree that the Existing Credit Agreement shall be, and it hereby is, amended and restated in its
entirety to provide as follows:

1. CERTAIN DEFINITIONS

     1.1 Certain Definitions. In addition to words and terms defined elsewhere in this
Agreement, the following words and terms shall have the following meanings, respectively, unless
the context hereof clearly requires otherwise:

          Acquisition shall mean the acquisition by OMG Energy Holdings, Inc. of substantially
all the ownership interests of EaglePicher Technologies in accordance with the terms of the Equity
Purchase Agreement.

          Acquisition Documents shall mean the Equity Purchase Agreement and all other
instruments, certificates or documents delivered or contemplated to be delivered thereunder or in
connection therewith, as the same may be supplemented or amended from time to time in accordance
herewith.

          Additional Costs shall mean in relation to any Loan that is denominated in Euros or
pounds sterling for any Interest Period, the cost as calculated by each Lender in accordance with
Schedule 1.1(C) of compliance with the mandatory liquid assets requirements or other reserve,
special deposit, assessment or similar requirement against assets of, deposits with or for the
account of, or credit extended by, any Lender (or its applicable lending office) of the Bank of
England, the European Central Bank or other applicable central bank or similar authority, as
applicable, during that Interest Period.

          Administrative Agent shall mean PNC Bank, National Association, and its successors and
assigns.

 

 

          Administrative Agent’s Fee shall have the meaning specified in Section 10.9
[Administrative Agent’s Fee].

          Administrative Agent’s Letter shall have the meaning specified in Section10.9
[Administrative Agent’s Fee].

          Affiliate as to any Person shall mean any other Person (excluding shareholders of the
Borrower) (i) which directly or indirectly controls, is controlled by, or is under common control
with such Person, (ii) which beneficially owns or holds 10% or more of any class of the voting or
other equity interests of such Person, or (iii) 10% or more of any class of voting interests or
other equity interests of which is beneficially owned or held, directly or indirectly, by such
Person.

          Anti-Terrorism Laws shall mean any Laws relating to terrorism or money laundering,
including Executive Order No. 13224, the USA Patriot Act, the Laws comprising or implementing the
Bank Secrecy Act, and the Laws administered by the United States Treasury Department’s Office of
Foreign Asset Control (as any of the foregoing Laws may from time to time be amended, renewed,
extended, or replaced).

          Applicable Commitment Fee Rate shall mean the percentage rate per annum based on the
Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the
heading “Commitment Fee.”

          Applicable Letter of Credit Fee Rate shall mean the percentage rate per annum based on
the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below
the heading “Letter of Credit Fee.”

          Applicable Margin shall mean, as applicable:

          (A) the percentage spread to be added to the Base Rate applicable to Revolving Credit Loans
under the Base Rate Option based on the Leverage Ratio then in effect according to the pricing grid
on Schedule 1.1(A) below the heading “Revolving Credit Base Rate Spread”, or

          (B) the percentage spread to be added to the LIBOR Rate applicable to Revolving Credit Loans
under the LIBOR Rate Option based on the Leverage Ratio then in effect according to the pricing
grid on Schedule 1.1(A) below the heading “Revolving Credit LIBOR Rate Spread”.

          Approved Fund shall mean any fund that is engaged in making, purchasing, holding or
investing in bank loans and similar extensions of credit in the ordinary course of business and
that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or
an Affiliate of an entity that administers or manages a Lender.

          Assignment and Assumption shall mean an assignment and assumption entered into by a
Lender and an assignee permitted under Section 11.8 [Successors and Assigns], in substantially the
form of Exhibit 1.1(A).

- 2 -

 

          Authorized Officer shall mean, with respect to any Loan Party, the Chief Executive
Officer, President (if any), Chief Financial Officer, or Treasurer of such Loan Party or such other
individuals, designated by written notice to the Administrative Agent from the Borrower, authorized
to execute notices, reports and other documents on behalf of the Loan Parties required hereunder.
The Borrower may amend such list of individuals from time to time by giving written notice of such
amendment to the Administrative Agent.

          Base Rate shall mean, for any day, a fluctuating per annum rate of interest equal to
the highest of (a) the Federal Funds Open Rate, plus 50 basis points (0.50%), and (b) the
Prime Rate, and (c) the Daily LIBOR Rate, plus 100 basis points (1.00%). Any change in the
Base Rate (or any component thereof) shall take effect at the opening of business on the day such
change occurs.

          Base Rate Option shall mean the option of the Borrower to have Loans bear interest at
the rate and under the terms set forth in either Section 4.1.1(i) [Base Rate Option].

          Borrower shall mean OM Group, Inc., a corporation organized and existing under the
laws of the State of Delaware.

          Borrower’s Liquidity shall mean, on any date of calculation, the sum of (i) the
unencumbered (other than Liens pursuant to the Loan Documents) cash and Cash Equivalents of the
Borrower and its Subsidiaries with respect to which there exists no contract or Law which restricts
or limits such cash or Cash Equivalents from being transferred to the Borrower, plus (ii) the
amount of Revolving Credit Loans available to be drawn by the Borrower.

          Borrowing Date shall mean, with respect to any Loan, the date for the making thereof
or the renewal or conversion thereof at or to the same or a different Interest Rate Option, which
shall be a Business Day.

          Borrowing Tranche shall mean specified portions of Loans outstanding as follows: (i)
any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate
Option under the same Loan Request by the Borrower and which have the same Interest Period and
which are denominated either in Dollars or in the same Optional Currency shall constitute one
Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one
Borrowing Tranche.

          Business Day shall mean any day other than a Saturday or Sunday or a legal holiday on
which commercial banks are authorized or required to be closed for business in Pittsburgh,
Pennsylvania and (i) if the applicable Business Day relates to any Loan to which the LIBOR Rate
Option applies, such day must also be a day on which dealings are carried on in the London
interbank market, and (ii) with respect to advances or payments of Loans or any other matters
relating to Loans denominated in an Optional Currency, such day also shall be a day on which (A)
dealings in deposits in the relevant Optional Currency are carried on in the applicable interbank
market, and (B) all applicable banks into which Loan proceeds may be deposited are open for
business.

          Cash Equivalents shall mean, at any time, any of the following investments which are
not subject to a Lien in favor of any Person other than the Administrative Agent:

- 3 -

 

(i) Indebtedness with a maturity of one year or less issued or directly 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), (ii) certificates of deposit or
acceptances with a maturity of one year or less of any financial institution that is a member of
the Federal Reserve System having combined capital and surplus and undivided profits of not less
than $500,000,000, (iii) commercial paper with a maturity of 270 days or less issued by a
corporation (except an Affiliate of the Borrower) organized under the laws of any state of the
United States or the District of Columbia and rated at least A-1 by Standard & Poor’s or at least
P-1 by Moody’s, (iv) repurchase agreements with institutions described in clause (ii) with respect
to investments described in clause (i), and (v) money market mutual funds or cash management trusts
rated in the highest rating by Standard & Poor’s or Moody’s (and not rated other than in the
highest rating by Standard & Poor’s or Moody’s) or investing solely in investments described in
clauses (i) through (iv) above.

          CFC shall mean a Controlled Foreign Corporation, as such term is defined in Section
957 of the Code.

          Change in Law shall mean the occurrence, after the date of this Agreement, of any of
the following: (a) the adoption or taking effect of any Law, (b) any change in any Law or in the
administration, interpretation or application thereof by any Official Body or (c) the making or
issuance of any request, guideline or directive (whether or not having the force of Law) by any
Official Body.

          Closing Date shall mean the Business Day on which the first Loan shall be made, which
shall be March 8, 2010.

          Code shall mean the Internal Revenue Code of 1986, as the same may be amended or
supplemented from time to time, and any successor statute of similar import, and the rules and
regulations thereunder, as from time to time in effect.

          Collateral shall mean the collateral under the (i) Security Agreement (ii) Pledge
Agreements, (iii) Collateral Assignment of Contract Rights, or (iv) Patent, Trademark and Copyright
Security Agreement.

          Collateral Assignment of Contract Rights shall mean the Collateral Assignment of
Contract Rights in substantially the form of Exhibit 1.1(C) hereto pursuant to which the
Borrower shall grant the Administrative Agent an assignment of its rights under the Acquisition
Documents.

          Commitment shall mean as to any Lender the aggregate of its Revolving Credit
Commitment and, in the case of the Administrative Agent, its Swing Loan Commitment, and
Commitments shall mean the aggregate of the Revolving Credit Commitments, and Swing Loan
Commitment of all of the Lenders.

          Commitment Fee shall have the meaning specified in Section 2.3 [Commitment Fees].

- 4 -

 

          Compliance Certificate shall have the meaning specified in Section 8.3.3 [Certificate
of the Borrower].

          Congo Joint Venture shall mean Groupement du Traitment du Terril de Lubumbashi
Limited, a Channel Islands company in which the Loan Parties own directly and indirectly 55%
percent of the ownership interests.

          Consideration shall mean with respect to any Permitted Acquisition, the aggregate of
(i) the cash paid by the Borrower or any of its respective Subsidiaries, directly or indirectly, to
the seller in connection therewith, (ii) the Indebtedness incurred or assumed by Borrower or any of
its Subsidiaries, whether in favor of the seller or otherwise and whether fixed or contingent,
(iii) any Guaranty given or incurred by the Borrower or any of its respective Subsidiaries in
connection therewith (but without duplication of Indebtedness permitted hereunder), and (iv) any
other monetary consideration given or obligation incurred (other than trade payables in the
ordinary course of business) by the Borrower or any of its respective Subsidiaries in connection
therewith.

          Consolidated EBIT means, for any period of measurement thereof, Consolidated EDITDA
minus depreciation and amortization expense with respect to such period. For purposes of this
definition, with respect to a business acquired by the Loan Parties or their Subsidiaries pursuant
to a Permitted Acquisition, Consolidated EBIT as reported in the minimum Interest Coverage Ratio
shall be calculated on a pro forma basis, using historical numbers in accordance with GAAP, as if
the Permitted Acquisition had been consummated at the beginning of such period. Additionally, for
purposes of this definition, with respect to a business or assets disposed of by the Loan Parties
pursuant to Section 8.2.7 hereof, Consolidated EBIT as reported in the minimum Interest Coverage
Ratio shall be calculated on a pro forma basis, using historical numbers in accordance with GAAP,
as if such disposition had been consummated at the beginning of such period.

          Consolidated EBITDA means, for any period of measurement thereof, for the Borrower and
its Subsidiaries on a consolidated basis determined in accordance with GAAP, an amount equal to
consolidated net income for such period, plus (a) to the extent deducted in determining
such consolidated net income (excluding the effect of non-cash mark-to-market gains and losses in
respect of hedging agreements): (i) interest expense, (ii) the provision for Federal, state, local
and foreign income taxes payable by the Borrower and its Subsidiaries for such period, (iii)
depreciation and amortization expense, (iv) charges associated with the severance of employees for
the fiscal year ended December 31, 2009, and (v) non-cash losses and charges which arise from
foreign currency losses; stock option, restricted stock and other employee equity compensation
expense; charges to goodwill of the Loan Parties and other asset impairment charges; charges
related to the disposal of corporate aircraft; and other noncash or non recurring charges or
charges properly classified extraordinary (excluding such charges that constitute an accrual of a
reserve for cash charges in the future with the exception of (iv) above), and (vi) Indebtedness
extinguishment charges, minus (b) to the extent deducted in determining such consolidated
net income: (i) gains on the sale of assets (or capital stock) and other extraordinary gains and
other non-recurring non-cash gains (other than any reversal of any accrual of or reserve for
anticipated cash charges in prior periods), (ii) interest income, (iii) all non-cash items
increasing consolidated net income for such period (including non-cash foreign

- 5 -

 

currency gains). For purposes of this definition, with respect to a business acquired by the
Loan Parties or their Subsidiaries pursuant to a Permitted Acquisition, Consolidated EBITDA as
reported in the maximum Leverage Ratio shall be calculated on a pro forma basis, using historical
numbers in accordance with GAAP, as if the Permitted Acquisition had been consummated at the
beginning of such period. Additionally, for purposes of this definition, with respect to a
business or assets disposed of by the Loan Parties pursuant to Section 8.2.7 hereof, Consolidated
EBITDA as reported in the maximum Leverage Ratio shall be calculated on a pro forma basis, using
historical numbers in accordance with GAAP, as if such disposition had been consummated at the
beginning of such period.

          Daily LIBOR Rate shall mean, for any day, the rate per annum determined by the
Administrative Agent by dividing (x) the Published Rate by (y) a number equal to 1.00 minus the
LIBOR Reserve Percentage on such day.

          Defaulting Lender shall mean any Lender that (a) has failed to fund any portion of the
Loans, participations with respect to Letters of Credit, or participations in Swing Line Loans
required to be funded by it hereunder within one Business Day of the date required to be funded by
it hereunder unless such failure has been cured and all interest accruing as a result of such
failure has been fully paid in accordance with the terms hereof, (b) has otherwise failed to pay
over to the Administrative Agent or any other Lender any other amount required to be paid by it
hereunder within one Business Day of the date when due, unless the subject of a good faith dispute
or unless such failure has been cured and all interest accruing as a result of such failure has
been fully paid in accordance with the terms hereof, or (c) has since the date of this Agreement
been deemed insolvent by an Official Body or become the subject of a bankruptcy, receivership,
conservatorship or insolvency proceeding, or has a parent company that since the date of this
Agreement been deemed insolvent by an Official Body or become the subject of a bankruptcy,
receivership, conservatorship or insolvency proceeding.

          Delinquent Lender shall have the meaning specified in Section 5.3 [Sharing of Payments
by Lenders].

          Dollar, Dollars, U.S. Dollars and the symbol $ shall mean lawful money of the
United States of America.

          Dollar Equivalent shall mean, with respect to any amount of any currency, the
Equivalent Amount of such currency expressed in Dollars.

          Domestic Subsidiary shall mean any Subsidiary of the Borrower which is organized under
the laws of the United States or any state thereof.

          Drawing Date shall have the meaning specified in Section 2.8.3 [Disbursements,
Reimbursement].

          EaglePicher Technologies shall mean EaglePicher Technologies, LLC, a Delaware limited
liability company.

          Equivalent Amount shall mean, at any time, as determined by the Administrative Agent
(which determination shall be conclusive absent manifest error) with respect to an amount

- 6 -

 

of any currency (the “Reference Currency”) which is to be computed as an equivalent amount of
another currency (the “Equivalent Currency”), the amount of such Equivalent Currency converted from
such Reference Currency using the average spot rate quoted to the Administrative Agent (based on
market rates then prevailing and available to the Administrative Agent) or the commercial market
rate of exchange, as determined by the Administrative Agent, for the sale of such Equivalent
Currency for such Reference Currency at a time determined by Administrative Agent of the second
Business Day immediately preceding the event for which such calculation is made.

          Equivalent Currency shall have the meaning assigned to such term in the definition of
“Equivalent Amount”.

          Environmental Laws shall mean all applicable federal, state, local, tribal,
territorial and foreign Laws (including common law), constitutions, statutes, treaties,
regulations, rules, ordinances and codes and any consent decrees, settlement agreements, judgments,
orders, directives, policies or programs issued by or entered into with an Official Body pertaining
or relating to: (i) pollution or pollution control; (ii) protection of human health from exposure
to regulated substances; (iii) protection of the environment and/or natural resources; (iv)
employee safety in the workplace; (v) the presence, use, management, generation, manufacture,
processing, extraction, treatment, recycling, refining, reclamation, labeling, packaging, sale,
transport, storage, collection, distribution, disposal or release or threat of release of regulated
substances; (vi) the presence of contamination; (vii) the protection of endangered or threatened
species; and (viii) the protection of environmentally sensitive areas.

          Equity Purchase Agreement shall mean the Sale and Purchase Agreement dated as of
December 23, 2009, as amended, among EaglePicher Technologies Holdings, LLC, as seller, EaglePicher
Technologies, EaglePicher Corporation, the Borrower, and OMG Energy Holdings, Inc., as buyer, as
the same may be amended in accordance with the terms of this Agreement.

          ERISA shall mean the Employee Retirement Income Security Act of 1974, as the same may
be amended or supplemented from time to time, and any successor statute of similar import, and the
rules and regulations thereunder, as from time to time in effect.

          ERISA Affiliate shall mean, at any time, any trade or business (whether or not
incorporated) under common control with the Borrower and are treated as a single employer under
Section 414 of the Code.

          ERISA Event shall mean (a) a reportable event (under Section 4043 of ERISA and
regulations thereunder) with respect to a Pension Plan; (b) a withdrawal by Borrower or any ERISA
Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which it was a
substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that
is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial
withdrawal by Borrower or any ERISA Affiliate from a Multiemployer Plan or notification that a
Multiemployer Plan is in reorganization; (d) the filing of a notice of intent to terminate, the
treatment of a Plan amendment as a termination under Sections 4041 or 4041A of ERISA, or the
commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e) an
event or condition which constitutes grounds under Section 4042 of

- 7 -

 

ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan
or Multiemployer Plan; or (f) the imposition of any liability under Title IV of ERISA, other than
for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon Borrower or any ERISA
Affiliate.

          ERISA Group shall mean, at any time, the Borrower and all members of a controlled
group of corporations and all trades or businesses (whether or not incorporated) under common
control and all other entities which, together with the Borrower, are treated as a single employer
under Section 414 of the Internal Revenue Code.

          Event of Default shall mean any of the events described in Section 9.1 [Events of
Default] and referred to therein as an “Event of Default.”

          Excluded Taxes shall mean, with respect to the Administrative Agent, any Lender, the
Issuing Lender or any other recipient of any payment to be made by or on account of any obligation
of the Borrower hereunder, (a) taxes imposed on or measured by its overall net income (however
denominated), and franchise, capital, gross receipts, or net worth taxes imposed on it (in lieu of
net income taxes), by any jurisdiction in which the recipient is a resident or by the jurisdiction
(or any political subdivision thereof) under the Laws of which such recipient is organized or in
which its principal office is located or, in the case of any Lender, in which its applicable
lending office is located, (b) any branch profits taxes imposed by the United States of America or
any similar tax imposed by any other jurisdiction in which the Borrower is located and (c) in the
case of a Foreign Lender, any withholding tax that 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)
or is attributable to such Foreign Lender’s failure or inability (other than as a result of a
Change in Law) to comply with Section 5.10.5 [Status of Lenders], except to the extent that such
Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new lending
office (or assignment), to receive additional amounts from the Borrower with respect to such
withholding tax pursuant to Section 5.10.1 [Payment Free of Taxes].

          Executive Order No. 13224 shall mean the Executive Order No. 13224 on Terrorist
Financing, effective September 24, 2001, as the same has been, or shall hereafter be, renewed,
extended, amended or replaced.

          Existing Credit Agreement shall have the meaning specified in the preamble hereof.

          Expiration Date shall mean, with respect to the Revolving Credit Commitments, March 8,
2013.

          Federal Funds Effective Rate for any day shall mean the rate per annum (based on a
year of 360 days and actual days elapsed and rounded upward to the nearest 1/100 of 1%) announced
by the Federal Reserve Bank of New York (or any successor) on such day as being the weighted
average of the rates on overnight federal funds transactions arranged by federal funds brokers on
the previous trading day, as computed and announced by such Federal Reserve Bank (or any successor)
in substantially the same manner as such Federal Reserve Bank

- 8 -

 

computes and announces the weighted average it refers to as the “Federal Funds Effective Rate”
as of the date of this Agreement; provided, if such Federal Reserve Bank (or its successor)
does not announce such rate on any day, the “Federal Funds Effective Rate” for such day shall be
the Federal Funds Effective Rate for the last day on which such rate was announced.

          Federal Funds Open Rate for any day shall mean the rate per annum (based on a year of
360 days and actual days elapsed) which is the daily federal funds open rate as quoted by ICAP
North America, Inc. (or any successor) as set forth on the Bloomberg Screen BTMM for that day
opposite the caption “OPEN” (or on such other substitute Bloomberg Screen that displays such rate),
or as set forth on such other recognized electronic source used for the purpose of displaying such
rate as selected by the Administrative Agent (an “Alternate Source”) (or if such rate for such day
does not appear on the Bloomberg Screen BTMM (or any substitute screen) or on any Alternate Source,
or if there shall at any time, for any reason, no longer exist a Bloomberg Screen BTMM (or any
substitute screen) or any Alternate Source, a comparable replacement rate determined by the
Administrative Agent at such time (which determination shall be conclusive absent manifest error);
provided however, that if such day is not a Business Day, the Federal Funds Open Rate for such day
shall be the “open” rate on the immediately preceding Business Day. If and when the Federal Funds
Open Rate changes, the rate of interest with respect to any advance to which the Federal Funds Open
Rate applies will change automatically without notice to the Borrower, effective on the date of any
such change.

          Foreign Holding Company shall mean any Guarantor which has as its principal purpose
the holding of ownership interests in one or more CFC’s and has no other material assets or
operations.

          Foreign Lender shall mean any Lender that is organized under the Laws of a
jurisdiction other than that in which the Borrower is resident for tax purposes. For purposes of
this definition, the United States of America, each State thereof and the District of Columbia
shall be deemed to constitute a single jurisdiction.

          Foreign Subsidiary shall mean any Subsidiary of the Borrower which is not organized
under the laws of the United States or any state thereof.

          GAAP shall mean generally accepted accounting principles as are in effect from time to
time, subject to the provisions of Section 1.3 [Accounting Principles], and applied on a consistent
basis both as to classification of items and amounts.

          Guarantor shall mean each of the parties to this Agreement which is designated as a
“Guarantor” on the signature page hereof and each other Person which joins this Agreement as a
Guarantor after the date hereof

          Guarantor Joinder shall mean a joinder by a Person as a Guarantor under the Loan
Documents in the form of Exhibit 1.1(G)(1).

          Guaranty of any Person shall mean any obligation of such Person guaranteeing or in
effect guaranteeing any liability or obligation of any other Person in any manner, whether directly
or indirectly, including any agreement to indemnify or hold harmless any other Person, any
performance bond or other suretyship arrangement and any other form of assurance against

- 9 -

 

loss, except endorsement of negotiable or other instruments for deposit or collection in the
ordinary course of business.

          Guaranty Agreement shall mean the Continuing Agreement of Guaranty and Suretyship in
substantially the form of Exhibit 1.1(G)(2) executed and delivered by each of the
Guarantors.

          Increasing Lender shall have the meaning assigned to that term in Section 2.8.

          Indebtedness shall mean, as to any Person at any time, any and all indebtedness,
obligations or liabilities (whether matured or unmatured, liquidated or unliquidated, direct or
indirect, absolute or contingent, or joint or several) of such Person for or in respect of, but
without duplication: (i) borrowed money, (ii) amounts raised under or liabilities in respect of
any note purchase or acceptance credit facility, (iii) reimbursement obligations (contingent or
otherwise) under any letter of credit, (iv) obligations under currency swap agreement, interest
rate swap, cap, collar or floor agreement or other interest rate management device, (v) any other
transaction (including forward sale or purchase agreements, capitalized leases and conditional
sales agreements) having the commercial effect of a borrowing of money entered into by such Person
to finance its operations or capital requirements (but not including trade payables and accrued
expenses incurred in the ordinary course of business which are not represented by a promissory note
or other evidence of indebtedness), or (vi) any Guaranty of Indebtedness for borrowed money.

          Indemnified Taxes shall mean Taxes other than Excluded Taxes.

          Indemnitee shall have the meaning specified in Section 11.3.2 [Indemnification by the
Borrower].

          Information shall mean all information received from the Loan Parties or any of their
Subsidiaries relating to the Loan Parties or any of such Subsidiaries or any of their respective
businesses, other than any such information that is available to the Administrative Agent, any
Lender or the Issuing Lender on a non-confidential basis prior to disclosure by the Loan Parties or
any of their Subsidiaries, provided that, in the case of information received from the Loan
Parties or any of their Subsidiaries after the date of this Agreement, such information is clearly
identified at the time of delivery as confidential.

          Insolvency Proceeding shall mean, with respect to any Person, (a) a case, action or
proceeding with respect to such Person (i) before any court or any other Official Body under any
bankruptcy, insolvency, reorganization or other similar Law now or hereafter in effect, or (ii) for
the appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator, conservator
(or similar official) of any Loan Party or otherwise relating to the liquidation, dissolution,
winding-up or relief of such Person, or (b) any general assignment for the benefit of creditors,
composition, marshaling of assets for creditors, or other, similar arrangement in respect of such
Person’s creditors generally or any substantial portion of its creditors; undertaken under any Law.

          Intercompany Subordination Agreement shall mean a Subordination Agreement among the
Loan Parties in the form attached hereto as Exhibit 1.1(I).

- 10 -

 

          Interest Coverage Ratio shall mean the ratio of (A) Consolidated EBIT of the Borrower
and its Subsidiaries, to (B) interest expense of the Borrower and its Subsidiaries, each of the
foregoing determined and consolidated in accordance with GAAP.

          Interest Period shall mean the period of time selected by the Borrower in connection
with (and to apply to) any election permitted hereunder by the Borrower to have Revolving Credit
Loans bear interest under the LIBOR Rate Option. Subject to the last sentence of this definition,
such period shall be one, two, three or six Months, or with the consent of the Lenders, twelve
Months. Such Interest Period shall commence on the effective date of such Interest Rate Option,
which shall be (i) the Borrowing Date if the Borrower is requesting new Loans, or (ii) the date of
renewal of or conversion to the LIBOR Rate Option if the Borrower is renewing or converting to the
LIBOR Rate Option applicable to outstanding Loans. Notwithstanding the foregoing: (A) any Interest
Period which would otherwise end on a date which is not a Business Day shall be extended to the
next succeeding Business Day unless such Business Day falls in the next calendar month, in which
case such Interest Period shall end on the next preceding Business Day, (B) the Borrower shall not
select, convert to or renew an Interest Period for any portion of the Loans that would end after
the Expiration Date, and (C) with respect to Revolving Credit Loans which bear interest at an
Optional Currency, only the one Month period shall apply to such Loans.

          Interest Rate Hedge shall mean an interest rate exchange, collar, cap, swap,
adjustable strike cap, adjustable strike corridor or similar agreements entered into by the Loan
Parties or their Subsidiaries in order to provide protection to, or minimize the impact upon, the
Borrower, the Guarantor and/or their Subsidiaries of increasing floating rates of interest
applicable to Indebtedness.

          Interest Rate Option shall mean any LIBOR Rate Option or Base Rate Option.

          IRS shall mean the Internal Revenue Service.

          Issuing Lender shall mean PNC, in its individual capacity as issuer of Letters of
Credit hereunder, and its successors.

          Joinder Agreement shall mean a joinder by a Person as a Guarantor under this
Agreement, any Guaranty Agreement and the other Loan Documents in the form of Exhibit
1.1(J).

          Joint Venture shall mean a corporation, partnership, limited liability company or
other entity, excluding any Subsidiary, in which any Person other than the Loan Parties and their
Subsidiaries holds, directly or indirectly, an equity interest greater than ten percent (10%) of
the aggregate equity interests of such corporation, partnership, limited liability company or other
entity.

          Law shall mean any law (including common law), constitution, statute, treaty,
regulation, rule, ordinance, opinion, release, ruling, order, injunction, writ, decree, bond,
judgment, authorization or approval, lien or award by or settlement agreement with any Official
Body.

- 11 -

 

          Lender Provided Interest Rate Hedge shall mean an Interest Rate Hedge which is
provided by any Lender or its Affiliate and with respect to which the Administrative Agent
confirms: (i) is documented in a standard International Swap Dealer Association Agreement, and (ii)
provides for the method of calculating the reimbursable amount of the provider’s credit exposure in
a reasonable and customary manner.

          Lenders shall mean the financial institutions named on Schedule 1.1(B) and
their respective successors and assigns as permitted hereunder, each of which is referred to herein
as a Lender. For the purpose of any Loan Document which provides for the granting of a security
interest or other Lien to the Lenders or to the Administrative Agent for the benefit of the Lenders
as security for the Obligations, “Lenders” shall include any Affiliate of a Lender to which such
Obligation is owed.

          Letter of Credit shall have the meaning specified in Section 2.8.1 [Issuance of
Letters of Credit].

          Letter of Credit Borrowing shall have the meaning specified in Section 2.8.3
[Disbursements, Reimbursement].

          Letter of Credit Fee shall have the meaning specified in Section 2.8.2 [Letter of
Credit Fees].

          Letter of Credit Obligation shall mean, as of any date of determination, the aggregate
amount available to be drawn under all outstanding Letters of Credit on such date (if any Letter of
Credit shall increase in amount automatically in the future, such aggregate amount available to be
drawn shall currently give effect to any such future increase) plus the aggregate
Reimbursement Obligations and Letter of Credit Borrowings on such date.

          Letter of Credit Sublimit shall have the meaning specified in Section 2.8.1 [Issuance
of Letters of Credit].

          Leverage Ratio shall mean, as of the end of any date of determination, the ratio of
(A) total consolidated Indebtedness (without duplication of any Indebtedness and excluding
Indebtedness of the type described in clause (iv) of the definition of such term, unless such
Indebtedness is then due and payable) of Borrower and its Subsidiaries on such date to (B)
Consolidated EBITDA (i) for the four fiscal quarters then ending if such date is a fiscal quarter
end, or (ii) for the four fiscal quarters most recently ended if such date is not a fiscal quarter
end.

          LIBOR Rate shall mean the following:

          (A) with respect to Dollar Loans comprising any Borrowing Tranche to which the LIBOR Rate
Option applies for any Interest Period, the interest rate per annum determined by the
Administrative Agent by dividing (the resulting quotient rounded upwards, if necessary, to the
nearest 1/100th of 1% per annum) (i) the rate which appears on the Bloomberg Page BBAM1 (or on such
other substitute Bloomberg page that displays rates at which US dollar deposits are offered by
leading banks in the London interbank deposit market), or the rate which is quoted by another
source selected by the Administrative Agent which has been approved by the British Bankers’
Association as an authorized information vendor for the purpose of

- 12 -

 

displaying rates at which US dollar deposits are offered by leading banks in the London
interbank deposit market (an “Alternate Source”), at approximately 11:00 a.m., London time, two (2)
Business Days prior to the commencement of such Interest Period as the London interbank offered
rate for U.S. Dollars for an amount comparable to such Borrowing Tranche and having a borrowing
date and a maturity comparable to such Interest Period (or if there shall at any time, for any
reason, no longer exist a Bloomberg Page BBAM1 (or any substitute page) or any Alternate Source, a
comparable replacement rate determined by the Administrative Agent at such time (which
determination shall be conclusive absent manifest error)), by (ii) a number equal to 1.00 minus the
LIBOR Reserve Percentage. LIBOR may also be expressed by the following formula:

	 	 	 	 	 
	LIBOR Rate

	 	    =    
	 	London interbank offered rates quoted by Bloomberg or appropriate successor as shown on Bloomberg Page BBAM1
	 	 	 
	 	 	1.00 — LIBOR Reserve Percentage

          (B) with respect to Optional Currency Loans comprising any Borrowing Tranche to which the
LIBOR Rate Option applies for any Interest Period, the interest rate per annum determined by the
Administrative Agent by dividing (i) the rate of interest per annum determined by the
Administrative Agent in accordance with its usual procedures (which determination shall be
conclusive absent manifest error) to be the rate of interest per annum for deposits in the relevant
Optional Currency which appears on the relevant Bloomberg Page (or, if no such quotation is
available on such Bloomberg Page, on the appropriate such other substitute Bloomberg page that
displays rates at which the relevant Optional Currency deposits are offered by leading banks in the
London interbank deposit market) or the rate which is quoted by another source selected by the
Administrative Agent which has been approved by the British Bankers’ Association as an authorized
information vendor for the purpose of displaying such rates at which such Optional Currency
deposits are offered by leading banks in the London interbank deposit market (an “Optional Currency
Alternate Source”), at approximately 11:00 a.m., London time, two (2) Business Days prior to the
first day of such Interest Period for delivery on the first day of such Interest Period for a
period, and in an amount, comparable to such Interest Period and principal amount of such Borrowing
Tranche (“LIBO Rate”) by (ii) a number equal to 1.00 minus the LIBOR Rate Reserve
Percentage. Such LIBOR Rate may also be expressed by the following formula:

	 	 	 	 	 	 	 
	 

	 	LIBOR Rate
	 	=
	 	LIBO Rate
	 	 	 	 	 
	 

	 	 	 	1 — LIBOR Rate Reserve Percentage

          The LIBOR Rate shall be adjusted with respect to any Loan to which the LIBOR Rate Option
applies that is outstanding on the effective date of any change in the LIBOR Reserve Percentage as
of such effective date. The Administrative Agent shall give prompt notice to the Borrower of the
LIBOR Rate as determined or adjusted in accordance herewith, which determination shall be
conclusive absent manifest error.

          LIBOR Rate Option shall mean the option of the Borrower to have Loans bear interest at
the rate and under the terms set forth in Section 4.1.1(ii) [LIBOR Rate Option].

- 13 -

 

          LIBOR Reserve Percentage shall mean the maximum percentage (expressed as a decimal
rounded upward to the nearest 1/100 of 1%) as determined by the Administrative Agent which is in
effect during any relevant period, (i) as prescribed by the Board of Governors of the Federal
Reserve System (or any successor) for determining the reserve requirements (including supplemental,
marginal and emergency reserve requirements) with respect to eurocurrency funding (currently
referred to as “Eurocurrency Liabilities”) of a member bank in such System; and (ii) to be
maintained by a Lender as required for reserve liquidity, special deposit, or a similar purpose by
any governmental or monetary authority of any country or political subdivision thereof (including
any central bank), against (A) any category of liabilities that includes deposits by reference to
which a LIBOR Rate is to be determined, or (B) any category of extension of credit or other assets
that includes Loans or Borrowing Tranches to which a LIBOR Rate applies.

          Lien shall mean any mortgage, deed of trust, pledge, lien, security interest, charge
or other encumbrance or security arrangement of any nature whatsoever, whether voluntarily or
involuntarily given, including any conditional sale or title retention arrangement, and any
assignment, deposit arrangement or lease intended as, or having the effect of, security and any
filed financing statement or other notice of any of the foregoing (whether or not a lien or other
encumbrance is created or exists at the time of the filing).

          Lien Waiver Agreement shall mean an agreement in form and substance satisfactory to
the Administrative Agent which is executed in favor of the Administrative Agent by a Person who
owns or occupies premises at which any Collateral may be located from time to time and by which
such Person shall waive or subordinate any Lien that such Person may ever have with respect to any
of the Collateral and shall authorize the Administrative Agent from time to time to enter upon the
premises to inspect or remove the Collateral from such premises or to use such premises to store or
dispose of such Collateral.

          Loan Documents shall mean this Agreement, the Administrative Agent’s Letter, the
Collateral Assignment of Contract Rights, the Guaranty Agreement, the Intercompany Subordination
Agreement, the Notes, the Patent, Trademark and Copyright Security Agreement, the Pledge
Agreements, the Security Agreement, agreements relating to Lender Provided Interest Rate Hedges,
agreements relating to Other Lender Provided Financial Service Products, and any other instruments,
certificates or documents delivered in connection herewith or therewith.

          Loan Parties shall mean the Borrower and the Guarantors.

          Loan Request shall have the meaning specified in Section 2.4 [Revolving Credit Loan
Requests; Swing Loan Requests].

          Loans shall mean collectively and Loan shall mean separately all Revolving
Credit Loans and Swing Loans or any Revolving Credit Loan or Swing Loan.

          Material Adverse Change shall mean any set of circumstances or events which (a) has or
could reasonably be expected to have any material adverse effect whatsoever upon the validity or
enforceability of this Agreement or any other Loan Document, other than by reason of any action or
failure to act of the Administrative Agent or a Lender, (b) is or could reasonably be

- 14 -

 

expected to be material and adverse to the business, properties, assets, financial condition,
results of operations or prospects of the Loan Parties taken as a whole, (c) impairs materially or
could reasonably be expected to impair materially the ability of the Loan Parties taken as a whole
to duly and punctually pay or perform its Obligations, or (d) impairs materially or could
reasonably be expected to impair materially the ability of the Administrative Agent or any of the
Lenders, to the extent permitted, to enforce their legal remedies pursuant to this Agreement or any
other Loan Document.

          Month, with respect to an Interest Period under the LIBOR Rate Option, shall mean the
interval between the days in consecutive calendar months numerically corresponding to the first day
of such Interest Period. If any LIBOR Rate Interest Period begins on a day of a calendar month for
which there is no numerically corresponding day in the month in which such Interest Period is to
end, the final month of such Interest Period shall be deemed to end on the last Business Day of
such final month.

          Multiemployer Plan shall mean any employee benefit plan which is a “multiemployer
plan” within the meaning of Section 4001(a)(3) of ERISA and to which the Borrower or any member of
the ERISA Group is then making or accruing an obligation to make contributions or, within the
preceding five Plan years, has made or had an obligation to make such contributions.

          New Lender shall have the meaning assigned to that term in Section 2.14.

          Non-Consenting Lender shall have the meaning specified in Section 11.1 [Modifications,
Amendments or Waivers].

          Non-Material Subsidiary shall mean OMG KG Holdings, Inc., a Delaware corporation, OMG
Jett, Inc., an Ohio corporation, and Cyantek Corporation, a Delaware corporation; provided however,
one or more of such Non-Material Subsidiaries shall be required to join this Agreement and the
related Loan Documents as Guarantors in the event that after the Closing Date (i) the assets of any
such Non-Material Subsidiary are more than 5% of the consolidated assets of the Borrower and its
Domestic Subsidiaries, or (ii) the combined assets of the Non-Material Subsidiaries exceed 15% of
the consolidated assets of the Borrower and its Domestic Subsidiaries.

          Notes shall mean, collectively, the promissory notes in the form of Exhibit
1.1(N)(1) evidencing the Revolving Credit Loans, and in the form of Exhibit 1.1(N)(2)
evidencing the Swing Loan.

          Notices shall have the meaning specified in Section 11.5 [Notices; Effectiveness;
Electronic Communication].

          Obligation shall mean any obligation or liability of any of the Loan Parties or any of
their Subsidiaries, howsoever created, arising or evidenced, whether direct or indirect, absolute
or contingent, now or hereafter existing, or due or to become due, under or in connection with (i)
this Agreement, the Notes, the Letters of Credit, the Administrative Agent’s Letter or any other
Loan Document whether to the Administrative Agent, any of the Lenders or their Affiliates or other
persons provided for under such Loan Documents, (ii) any Lender

- 15 -

 

Provided Interest Rate Hedge with the Loan Parties or any of their Subsidiaries, and (iii) any
Other Lender Provided Financial Service Product with the Loan Parties or any of their Subsidiaries.

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

          Optional Currency shall mean any the following currencies: (a) pounds sterling, (b)
Euro, and (c) such other currencies which are readily available as approved by Administrative Agent
in its reasonable discretion.

          Original Currency shall have the meaning assigned to such term in Section 5.12.

          Other Currencyshall have the meaning assigned to such term in Section 5.12.

          Other Lender Provided Financial Service Product shall mean agreements or other
arrangements under which any Lender or Affiliate of a Lender provides any of the following products
or services to any of the Loan Parties or their Subsidiaries: (a) credit cards, (b) credit card
processing services, (c) debit cards, (d) purchase cards, (e) ACH transactions, (f) cash
management, including overdrafts, controlled disbursement, accounts or services, (g) foreign
currency exchange transactions, currency swap transactions, cross-currency rate swap transactions,
currency options, spot contracts, or any other similar transactions, and (h) commodity swaps,
commodity options, forward commodity contracts and any other similar transactions.

          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.

          Overnight Rate shall mean for any day with respect to any Revolving Credit Loans in an
Optional Currency, the rate of interest per annum as determined by the Administrative Agent at
which overnight deposits in such currency, in an amount approximately equal to the amount with
respect to which such rate is being determined, would be offered for such day in the applicable
offshore interbank market.

          Participant has the meaning specified in Section 11.8.4 [Participations].

          Participation Advance shall have the meaning specified in Section 2.8.3
[Disbursements, Reimbursement].

          Patent, Trademark and Copyright Security Agreement shall mean the Patent, Trademark
and Copyright Security Agreement in substantially the form of Exhibit 1.1(P)(1)

- 16 -

 

executed and delivered by each of the Loan Parties to the Administrative Agent for the benefit
of the Lenders.

          Payment Date shall mean the first day of each calendar quarter after the date hereof
and on the Expiration Date or upon acceleration of the Notes.

          Payment In Full shall mean the indefeasible payment in full in cash of the Loans and
other Obligations hereunder, termination of the Commitments and expiration or termination of all
Letters of Credit.

          PBGC shall mean the Pension Benefit Guaranty Corporation established pursuant to
Subtitle A of Title IV of ERISA or any successor.

          Pension Plan shall mean any “employee pension benefit plan” (as such term is defined
in Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA
and is sponsored or maintained by Borrower or any ERISA Affiliate or to which Borrower or any ERISA
Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or
other plan described in Section 4064(a) of ERISA, has made contributions at any times during the
immediately preceding five plan years.

          Permitted Acquisitions shall have the meaning specified in Section 8.2.6.

          Permitted Investments shall mean:

          (i) direct obligations of the United States of America or any agency or instrumentality
thereof or obligations backed by the full faith and credit of the United States of America maturing
in twelve (12) months or less from the date of acquisition;

          (ii) commercial paper maturing in 180 days or less rated not lower than A-1, by Standard &
Poor’s or P-1 by Moody’s Investors Service, Inc. on the date of acquisition;

          (iii) demand deposits, time deposits or certificates of deposit maturing within one year in
commercial banks whose obligations are rated A-1, A or the equivalent or better by Standard &
Poor’s on the date of acquisition;

          (iv) money market or mutual funds whose investments are limited to those types of investments
described in clauses (i)-(iii) above; and

          (v) Cash Equivalents.

          Permitted Liens shall mean:

          (i) Liens for taxes, assessments, or similar charges, incurred in the ordinary course of
business and which are not yet due and payable;

          (ii) Pledges or deposits made in the ordinary course of business to secure payment of
workmen’s compensation, or to participate in any fund in connection with workmen’s compensation,
unemployment insurance, old-age pensions or other social security programs;

- 17 -

 

          (iii) Liens of mechanics, materialmen, warehousemen, carriers, or other like Liens, securing
obligations incurred in the ordinary course of business that are not yet due and payable and Liens
of landlords securing obligations to pay lease payments that are not yet due and payable or in
default;

          (iv) Good-faith pledges or deposits made in the ordinary course of business to secure
performance of bids, tenders, contracts (other than for the repayment of borrowed money) or leases,
not in excess of the aggregate amount due thereunder, or to secure statutory obligations, or
surety, appeal, indemnity, performance or other similar bonds required in the ordinary course of
business;

          (v) Encumbrances consisting of zoning restrictions, easements or other restrictions on the use
of real property, none of which materially impairs the use of such property or the value thereof,
and none of which is violated in any material respect by existing or proposed structures or land
use;

          (vi) Liens and security interests in favor of the Administrative Agent for the benefit of the
Lenders and their Affiliates securing the Obligations (including Lender Provided Interest Rate
Hedges and Other Lender Provided Financial Services Products);

          (vii) Any Lien existing on the date of this Agreement and described on Schedule
1.1(P), provided that the principal amount secured thereby is not hereafter increased,
and no additional assets become subject to such Lien;

          (viii) Purchase Money Security Interests on the assets of Domestic Subsidiaries;
provided that the aggregate unpaid principal amount of loans and deferred payments
(including, without limitation, imputed principal under capitalized leases) secured by such
Purchase Money Security Interests shall not exceed $10,000,000 at any time (excluding for the
purpose of this computation any loans or deferred payments secured by Liens described on
Schedule 1.1(P));

          (ix) Liens on assets of Foreign Subsidiaries which secure Indebtedness permitted under Section
8.2.1(ii)(with respect to credit facility Indebtedness of OMG Kokkola Chemicals Oy) and Section
8.2.1(iv);

          (x) Any Lien on fixed assets acquired or property of a Subsidiary of the Borrower acquired
pursuant to a Permitted Acquisition, excluding a Purchase Money Security Interest which secures a
payment obligation to the seller of such assets or Subsidiary; provided however (A) such Purchase
Money Security Interest is not created in contemplation of or in connection with such acquisition
or such Person becoming a Subsidiary, as the case may be, (B) such Purchase Money Security Interest
shall not attach or apply to any other property or assets of the Borrower or any Subsidiary, and
(C) such Purchase Money Security Interest shall secure only those obligations which it secures on
the date of such acquisition or the date such Person becomes a Subsidiary, as the case may be; and

          (xi) The following, (A) if the validity or amount thereof is being contested in good faith by
appropriate and lawful proceedings diligently conducted so long as levy and execution thereon have
been stayed and continue to be stayed or (B) if a final judgment is entered and such judgment is
discharged within thirty (30) days of entry, and in either case they

- 18 -

 

do not affect the Collateral in a material and adverse manner or, in the aggregate, materially
impair the ability of any Loan Party to perform its Obligations hereunder or under the other Loan
Documents:

          (1) Claims or Liens for taxes, assessments or charges due and payable and subject to interest
or penalty; provided that the applicable Loan Party maintains such reserves or other
appropriate provisions as shall be required by GAAP and pays all such taxes, assessments or charges
forthwith upon the commencement of proceedings to foreclose any such Lien;

          (2) Claims, Liens or encumbrances upon, and defects of title to, real or personal property
other than the Collateral, including any attachment of personal or real property or other legal
process prior to adjudication of a dispute on the merits;

          (3) Claims or Liens of mechanics, materialmen, warehousemen, carriers, or other statutory
nonconsensual Liens; or

          (4) Liens resulting from final judgments or orders described in Section 9.1.6 [Final Judgments
or Orders].

          Person shall mean any individual, corporation, partnership, limited liability company,
association, joint-stock company, trust, unincorporated organization, joint venture, government or
political subdivision or agency thereof, or any other entity.

          Plan shall mean at any time an employee pension benefit plan (including a Multiple
Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to
the minimum funding standards under Section 412 of the Code and either (i) is maintained by any
member of the ERISA Group for employees of any member of the ERISA Group or (ii) has at any time
within the preceding five years been maintained by any entity which was at such time a member of
the ERISA Group for employees of any entity which was at such time a member of the ERISA Group.

          Pledge Agreement shall mean (i) the Pledge Agreement in substantially the form of
Exhibit 1.1(P)(2) executed and delivered by each of the Loan Parties to the Administrative
Agent for the benefit of the Lenders, and (ii) the pledge agreement executed and delivered pursuant
to Section 8.1.11.

          PNC shall mean PNC Bank, National Association, its successors and assigns.

          Potential Default shall mean any event or condition which with notice or passage of
time, or both, would constitute an Event of Default.

          Prime Rate shall mean the interest rate per annum announced from time to time by the
Administrative Agent at its Principal Office as its then prime rate, which rate may not be the
lowest or most favorable rate then being charged commercial borrowers or others by the
Administrative Agent. Any change in the Prime Rate shall take effect at the opening of business on
the day such change is announced.

- 19 -

 

          Principal Office shall mean the main banking office of the Administrative Agent in
Pittsburgh, Pennsylvania.

          Prior Security Interest shall mean a valid and enforceable perfected first-priority
security interest under the Uniform Commercial Code in the Collateral which is subject only to
statutory Liens for taxes not yet due and payable and Liens of the type described in clauses (iii),
(vii) and (viii) of the definition of Permitted Liens.

          Published Rate shall mean the most recent rate of interest published in The Wall
Street Journal “Money Rates” listing under the caption “London Interbank Offered Rates” for
a one month period (or, if no such rate is published therein for any reason, then the Published
Rate shall be the rate at which U.S. dollar deposits are offered by leading banks in the London
interbank deposit market for a one month period as published in another publication selected by the
Administrative Agent).

          Purchase Money Security Interest shall mean Liens, including Liens under capitalized
leases, upon tangible personal property securing loans to any Loan Party or Subsidiary of a Loan
Party or deferred payments by such Loan Party or Subsidiary for the purchase of such tangible
personal property.

          Ratable Share shall mean the proportion that a Lender’s Commitment (excluding the
Swing Loan Commitment) bears to the Commitments (excluding the Swing Loan Commitment) of all of the
Lenders. If the Commitments have terminated or expired, the Ratable Shares shall be determined
based upon the Commitments (excluding the Swing Loan Commitment) most recently in effect, giving
effect to any assignments.

          Reference Currency shall have the meaning assigned to such term in the definition of
Equivalent Amount.

          Reimbursement Obligation shall have the meaning specified in Section 2.8.3
[Disbursements, Reimbursement].

          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.

          Relief Proceedingshall mean any proceeding seeking a decree or order for relief in
respect of any Loan Party or Subsidiary of a Loan Party in a voluntary or involuntary case under
any applicable bankruptcy, insolvency, reorganization or other similar law now or hereafter in
effect, or for the appointment of a receiver, liquidator, assignee, custodian, trustee,
sequestrator, conservator (or similar official) of any Loan Party or Subsidiary of a Loan Party for
any substantial part of its property, or for the winding-up or liquidation of its affairs, or an
assignment for the benefit of its creditors.

          Required Lenders shall mean Lenders (other than any Defaulting Lender) having more
than 50% of the aggregate amount of the Revolving Credit Commitments of the Lenders (excluding any
Defaulting Lender) or, after the termination of the Revolving Credit

- 20 -

 

Commitments, the outstanding Revolving Credit Loans and Ratable Share of Letter of Credit
Obligations of the Lenders (excluding any Defaulting Lender).

          Required Share shall have the meaning assigned to such term in Section 5.12
[Settlement Date Procedures].

          Revolving Credit Commitment shall mean, as to any Lender at any time, the amount
initially set forth opposite its name on Schedule 1.1(B) in the column labeled “Amount of
Commitment for Revolving Credit Loans,” as such Commitment is thereafter assigned or modified and
Revolving Credit Commitments shall mean the aggregate Revolving Credit Commitments of all
of the Lenders.

          Revolving Credit Loans shall mean collectively and Revolving Credit Loan shall
mean separately all Revolving Credit Loans or any Revolving Credit Loan made by the Lenders or one
of the Lenders to the Borrower pursuant to Section 2.1 [Revolving Credit Commitments] or 2.8.3
[Disbursements, Reimbursement].

          Revolving Facility Usage shall mean at any time the sum of the Dollar Equivalent
Amount of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of
Credit Obligations.

          Security Agreement shall mean the Security Agreement in substantially the form of
Exhibit 1.1(S) executed and delivered by each of the Loan Parties to the Administrative
Agent for the benefit of the Lenders.

          Settlement Date shall mean the Business Day on which the Administrative Agent elects
to effect settlement pursuant Section 5.12 [Settlement Date Procedures].

          Solvent means, with respect to any Person on any date of determination, taking into
account such right of reimbursement, contribution or similar right available to such Person from
other Persons, that on such date (a) the fair value of the property of such Person is greater than
the total amount of liabilities, including contingent liabilities, of such Person, (b) the present
fair salable value of the assets of such Person is not less than the amount that will be required
to pay the probable liability of such Person on its debts as they become absolute and matured, (c)
such Person does not intend to, and does not believe that it will, incur debts or liabilities
beyond such Person’s ability to pay such debts and liabilities as they mature, (d) such Person is
not engaged in business or a transaction, and is not about to engage in business or a transaction,
for which such Person’s property would constitute an unreasonably small capital, and (e) such
Person is able to pay its debts and liabilities, contingent obligations and other commitments as
they mature in the ordinary course of business. The amount of contingent liabilities at any time
shall be computed as the amount that, in the light of all the facts and circumstances existing at
such time, represents the amount that can reasonably be expected to become an actual or matured
liability.

          Standard & Poor’s shall mean Standard & Poor’s Ratings Services, a division of The
McGraw-Hill Companies, Inc.

- 21 -

 

          Statements shall have the meaning specified in Section 6.1.6(i) [Historical
Statements].

          Subsidiary of any Person at any time shall mean any corporation, trust, partnership,
any limited liability company or other business entity (i) of which 50% or more of the outstanding
voting securities or other interests normally entitled to vote for the election of one or more
directors or trustees (regardless of any contingency which does or may suspend or dilute the voting
rights) is at such time owned directly or indirectly by such Person or one or more of such Person’s
Subsidiaries, or (ii) which is controlled or capable of being controlled by such Person or one or
more of such Person’s Subsidiaries.

          Subsidiary Equity Interests shall have the meaning specified in Section 6.1.2
[Subsidiaries and Owners; Investment Companies].

          Swing Loan Commitment shall mean PNC’s commitment to make Swing Loans to the Borrower
pursuant to Section 2.1.2 [Swing Loan Commitment] hereof in an aggregate principal amount up to
$10,000,000.

          Swing Loan Note shall mean the Swing Loan Note of the Borrower in the form of
[Exhibit 1.1(N)(2)] evidencing the Swing Loans, together with all amendments, extensions,
renewals, replacements, refinancings or refundings thereof in whole or in part.

          Swing Loan Request shall mean a request for Swing Loans made in accordance with
Section 2.4.2 [Swing Loan Requests] hereof.

          Swing Loans shall mean collectively and Swing Loan shall mean separately all
Swing Loans or any Swing Loan made by PNC to the Borrower pursuant to Section 2.1.2 [Swing Loan
Commitment] hereof.

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

          USA Patriot Act shall mean the Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56, as
the same has been, or shall hereafter be, renewed, extended, amended or replaced.

     1.2 Construction. Unless the context of this Agreement otherwise clearly requires,
the following rules of construction shall apply to this Agreement and each of the other Loan
Documents: (i) references to the plural include the singular, the plural, the part and the whole
and the words “include,” “includes” and “including” shall be deemed to be followed by the phrase
“without limitation”; (ii) the words “hereof,” “herein,” “hereunder,” “hereto” and similar terms in
this Agreement or any other Loan Document refer to this Agreement or such other Loan Document as a
whole; (iii) article, section, subsection, clause, schedule and exhibit references are to this
Agreement or other Loan Document, as the case may be, unless otherwise specified; (iv) reference to
any Person includes such Person’s successors and assigns; (v) reference to any agreement, including
this Agreement and any other Loan Document together with the schedules and exhibits hereto or
thereto, document or instrument means such agreement, document or

- 22 -

 

instrument as amended, modified, replaced, substituted for, superseded or restated; (vi)
relative to the determination of any period of time, “from” means “from and including,” “to” means
“to but excluding,” and “through” means “through and including”; (vii) 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, (viii) section headings herein and in each other Loan Document are included for convenience
and shall not affect the interpretation of this Agreement or such Loan Document, and (ix) unless
otherwise specified, all references herein to times of day shall be references to Eastern
Time.

     1.3 Accounting Principles. Except as otherwise provided in this Agreement, all
computations and determinations as to accounting or financial matters and all financial statements
to be delivered pursuant to this Agreement shall be made and prepared in accordance with GAAP
(including principles of consolidation where appropriate), and all accounting or financial terms
shall have the meanings ascribed to such terms by GAAP; provided, however, that all
accounting terms used in Section 8.2 [Negative Covenants] (and all defined terms used in the
definition of any accounting term used in Section 8.2 [Negative Covenants] shall have the meaning
given to such terms (and defined terms) under GAAP as in effect on the date hereof applied on a
basis consistent with those used in preparing Statements referred to in Section 6.1.6(i)
[Historical Statements]. In the event of any change after the date hereof in GAAP, and if such
change would affect the computation of any of the financial covenants set forth in Section 8.2
[Negative Covenants], then the parties hereto agree to endeavor, in good faith, to agree upon an
amendment to this Agreement that would adjust such financial covenants in a manner that would
preserve the original intent thereof, but would allow compliance therewith to be determined in
accordance with the Borrower’s financial statements at that time,provided that,
until so amended such financial covenants shall continue to be computed in accordance with GAAP
prior to such change therein.

2. REVOLVING CREDIT AND SWING LOAN FACILITIES

     2.1 Revolving Credit Commitments.

          2.1.1 Revolving Credit Loans. Subject to the terms and conditions hereof and relying
upon the representations and warranties herein set forth, each Lender severally agrees to make
Revolving Credit Loans in either Dollars or an Optional Currency to the Borrower at any time or
from time to time on or after the date hereof to the Expiration Date; provided that (i)
after giving effect to each such Loan the aggregate Dollar Equivalent amount of Revolving Credit
Loans from such Lender shall not exceed such Lender’s Revolving Credit Commitment minus such
Lender’s Ratable Share of the Letter of Credit Obligations and of the outstanding Swing Loans, (ii)
no Revolving Credit Loan to which the Base Rate Option applies shall be made in an Optional
Currency, (iii) the aggregate maximum Dollar Equivalent amount of all Revolving Credit Loans
denominated in an Optional Currency permitted hereunder at any time outstanding shall not exceed
$50,000,000, and (iv) the Revolving Facility Usage shall not exceed the Revolving Credit
Commitments. Within such limits of time and amount and subject to the other provisions of this
Agreement, the Borrower may borrow, repay and reborrow pursuant to this Section 2.1.

- 23 -

 

          2.1.2 Swing Loan Commitment. Subject to the terms and conditions hereof and relying
upon the representations and warranties herein set forth, and in order to facilitate loans and
repayments between Settlement Dates, PNC may, at its option, cancelable at any time for any reason
whatsoever, make swing loans (the “Swing Loans”) to the Borrower at any time or from time to time
after the date hereof to, but not including, the Expiration Date, in an aggregate principal amount
up to but not in excess of $10,000,000 (the “Swing Loan Commitment”), provided that after giving
effect to such Loan, the Revolving Facility Usage shall not exceed the Revolving Credit
Commitments. Within such limits of time and amount and subject to the other provisions of this
Agreement, the Borrower may borrow, repay and reborrow pursuant to this Section 2.1.2.

     2.2 Nature of Lenders’ Obligations with Respect to Revolving Credit Loans. Each
Lender shall be obligated to participate in each request for Revolving Credit Loans pursuant to
Section 2.4 [Revolving Credit Loan Requests; Swing Loan Requests] in accordance with its Ratable
Share. The aggregate Dollar Equivalent Amount of each Lender’s Revolving Credit Loans outstanding
hereunder to the Borrower at any time shall never exceed its Revolving Credit Commitment minus its
Ratable Share of the outstanding Swing Loans and of the Dollar Equivalent Amount of Letter of
Credit Obligations, subject to Section 5.5.1. The obligations of each Lender hereunder are
several. The failure of any Lender to perform its obligations hereunder shall not affect the
Obligations of the Borrower to any other party nor shall any other party be liable for the failure
of such Lender to perform its obligations hereunder. The Lenders shall have no obligation to make
Revolving Credit Loans hereunder on or after the Expiration Date.

     2.3 Commitment Fees. Accruing from the date hereof until the Expiration Date, the
Borrower agrees to pay to the Administrative Agent in Dollars for the account of each Lender
according to its Ratable Share, a nonrefundable commitment fee (the “Commitment Fee”) equal to the
Applicable Commitment Fee Rate (computed on the basis of a year of 365 or 366 days, as the case may
be, and actual days elapsed) multiplied by the average daily difference between the amount of (i)
the Revolving Credit Commitments (for purposes of this computation, PNC’s Swing Loans shall be
deemed to be borrowed amounts under its Revolving Credit Commitment), and (ii) the Revolving
Facility Usage; provided, however, that any Commitment Fee accrued with respect to
the Revolving Credit Commitment of a Defaulting Lender during the period prior to the time such
Lender became a Defaulting Lender and unpaid at such time shall not be payable by the Borrower so
long as such Lender shall be a Defaulting Lender except to the extent that such Commitment Fee
shall otherwise have been due and payable by the Borrower prior to such time; and provided
further that no Commitment Fee shall accrue with respect to the Revolving Commitment of a
Defaulting Lender so long as such Lender shall be a Defaulting Lender. Subject to the proviso in
the directly preceding sentence, all Commitment Fees shall be payable in arrears on each Payment
Date.

     2.4 Revolving Credit Loan Requests; Swing Loan Requests.

          2.4.1 Revolving Credit Loan Requests. Except as otherwise provided herein, the
Borrower may from time to time prior to the Expiration Date request the Lenders to make Revolving
Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit
Loans pursuant to Section 4.2 [Interest Periods], by delivering to the

- 24 -

 

Administrative Agent, not later than 11:00 a.m., (i) three (3) Business Days prior to the
proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the LIBOR
Rate Option applies or the conversion to or the renewal of the LIBOR Rate Option for any Loans;
(ii) four (4) Business Days prior to the proposed Borrowing Date with respect to the making of
Revolving Credit Loans in an Optional Currency or the date of conversion to or renewal of the LIBOR
Rate Option for Revolving Credit Loans in an Optional Currency; and (iii) one (1) Business Day
prior to either the proposed Borrowing Date with respect to the making of a Revolving Credit Loan
to which the Base Rate Option applies or the last day of the preceding Interest Period with respect
to the conversion to the Base Rate Option for any Loan, of a duly completed request therefor
substantially in the form of Exhibit 2.4.1 or a request by telephone immediately confirmed
in writing by letter, facsimile or telex in such form (each, a “Loan Request”), it being understood
that the Administrative Agent may rely on the authority of any individual making such a telephonic
request without the necessity of receipt of such written confirmation. Each Loan Request shall be
irrevocable and shall specify the aggregate amount of the proposed Loans comprising each Borrowing
Tranche, and, if applicable, the Interest Period, which amounts shall be the Dollar Equivalent
Amount of (x) integral multiples of $500,000 and not less than $1,000,000 for each Borrowing
Tranche under the LIBOR Rate Option, and (y) integral multiples of $100,000 not less than $500,000
for each Borrowing Tranche under the Base Rate Option.

          2.4.2 Swing Loan Requests. Except as otherwise provided herein, the Borrower may from
time to time prior to the Expiration Date request PNC to make Swing Loans by delivery to PNC not
later than 12:00 noon on the proposed Borrowing Date of a duly completed request therefor
substantially in the form of Exhibit 2.4.2 hereto or a request by telephone immediately
confirmed in writing by letter, facsimile or telex (each, a “Swing Loan Request”), it being
understood that the Administrative Agent may rely on the authority of any individual making such a
telephonic request without the necessity of receipt of such written confirmation. Each Swing Loan
Request shall be irrevocable and shall specify the proposed Borrowing Date and the principal amount
of such Swing Loan, which shall be not less than $100,000.

     2.5 Making Revolving Credit Loans and Swing Loans; Presumptions by the Administrative
Agent; Repayment of Revolving Credit Loans; Borrowings to Repay Swing Loans.

          2.5.1 Making Revolving Credit Loans. The Administrative Agent shall, promptly after
receipt by it of a Loan Request pursuant to Section 2.4 [Revolving Credit Loan Requests; Swing Loan
Requests], notify the Lenders of its receipt of such Loan Request specifying the information
provided by the Borrower and the apportionment among the Lenders of the requested Revolving Credit
Loans as determined by the Administrative Agent in accordance with Section 2.2 [Nature of Lenders’
Obligations with Respect to Revolving Credit Loans]. Each Lender shall remit the principal amount
of each Revolving Credit Loan to the Administrative Agent such that the Administrative Agent is
able to, and the Administrative Agent shall, to the extent the Lenders have made funds available to
it for such purpose and subject to Section 7.2 [Each Loan or Letter of Credit], fund such Revolving
Credit Loans to the Borrower in U.S. Dollars (or, if applicable, the Optional Currency) and
immediately available funds at the Principal Office prior to 2:00 p.m., on the applicable Borrowing
Date; provided that

- 25 -

 

if any Lender fails to remit such funds to the Administrative Agent in a timely manner, the
Administrative Agent may elect in its sole discretion to fund with its own funds the Revolving
Credit Loans of such Lender on such Borrowing Date, and such Lender shall be subject to the
repayment obligation in Section 2.5.2 [Presumptions by the Administrative Agent].

          2.5.2 Presumptions by the Administrative Agent. Unless the Administrative Agent shall
have received notice from a Lender prior to the proposed date of any Loan that such Lender will not
make available to the Administrative Agent such Lender’s share of such Loan, the Administrative
Agent may assume that such Lender has made such share available on such date in accordance with
Section 2.5.1 [Making Revolving Credit Loans] and may, in reliance upon such assumption, make
available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made
its share of the applicable Loan available to the Administrative Agent, then the applicable Lender
and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such
corresponding amount with interest thereon, for each day from and including the date such amount is
made available to the Borrower to but excluding the date of payment to the Administrative Agent, at
(i) in the case of a payment to be made by 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 and (ii) in the case of a payment to be made by the Borrower, the interest
rate applicable to Loans under the Base Rate Option. If such Lender pays its share of the
applicable Loan to the Administrative Agent, then the amount so paid shall constitute such Lender’s
Loan. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have
against a Lender that shall have failed to make such payment to the Administrative Agent.

          2.5.3 Making Swing Loans. So long as PNC elects to make Swing Loans, PNC shall, after
receipt by it of a Swing Loan Request pursuant to Section 2.4.2, [Swing Loan Requests] fund such
Swing Loan to the Borrower in U.S. Dollars and immediately available funds at the Principal Office
prior to 2:00 p.m. on the Borrowing Date.

          2.5.4 Repayment of Revolving Credit Loans. The Borrower shall repay the Revolving
Credit Loans together with all outstanding interest thereon on the Expiration Date.

          2.5.5 Borrowings to Repay Swing Loans. PNC may, at its option, exercisable at any
time for any reason whatsoever, demand repayment of the Swing Loans, and each Lender shall make a
Revolving Credit Loan in an amount equal to such Lender’s Ratable Share of the aggregate principal
amount of the outstanding Swing Loans, plus, if PNC so requests, accrued interest thereon,
provided that no Lender shall be obligated in any event to make Revolving Credit Loans in
excess of its Revolving Credit Commitment minus its Ratable Share of Letter of Credit Obligations.
Revolving Credit Loans made pursuant to the preceding sentence shall bear interest at the Base Rate
Option and shall be deemed to have been properly requested in accordance with Section 2.4.1
[Revolving Credit Loan Requests] without regard to any of the requirements of that provision. PNC
shall provide notice to the Lenders (which may be telephonic or written notice by letter, facsimile
or telex) that such Revolving Credit Loans are to be made under this Section 2.5.5 and of the
apportionment among the Lenders, and the Lenders shall be unconditionally obligated to fund such
Revolving Credit Loans (whether or not the conditions specified in Section 2.4.1 [Revolving Credit
Loan Requests] are then satisfied) by the time PNC so requests, which shall not be earlier than
3:00 p.m. on the Business Day next after the date the Lenders receive such notice from PNC.

- 26 -

 

     2.6 Notes. The Obligation of the Borrower to repay the aggregate unpaid principal
amount of the Revolving Credit Loans and Swing Loans made to it by each Lender, together with
interest thereon, shall be evidenced by a revolving credit Note and a swing Note, dated the Closing
Date payable to the order of such Lender in a face amount equal to the Revolving Credit Commitment
or Swing Loan Commitment, as applicable, of such Lender.

     2.7 Use of Proceeds. The proceeds of the Loans shall be used (i) to refinance
existing Indebtedness, (ii) to repay a loan made to the Borrower by OMG Kokkola Chemicals OY, a
Finnish corporation and Subsidiary of the Borrower, not in excess of $50,000,000, (iii) for working
capital and capital expenditure needs of the Loan Parties, (iv) to make Permitted Acquisitions, and
(v) for general corporate purposes of the Loan Parties, including the payment of fees and expenses
associated with the closing of the transactions contemplated hereunder.

     2.8 Letter of Credit Subfacility.

          2.8.1 Issuance of Letters of Credit. Borrower may at any time prior to the Expiration
Date request the issuance of a standby or trade letter of credit (each a “Letter of Credit”) on
behalf of itself or another Loan Party, or the amendment or extension of an existing Letter of
Credit, by delivering or having such other Loan Party deliver to the Issuing Lender (with a copy to
the Administrative Agent) a completed application and agreement for letters of credit, or request
for such amendment or extension, as applicable, in such form as the Issuing Lender may specify from
time to time by no later than 10:00 a.m. at least five (5) Business Days, or such shorter period as
may be agreed to by the Issuing Lender, in advance of the proposed date of issuance. Promptly
after receipt of any letter of credit application, the Issuing Lender shall confirm with the
Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy
of such Letter of Credit application and, if not, such Issuing Lender will provide Administrative
Agent with a copy thereof. Unless the Issuing Lender has received notice from any Lender,
Administrative Agent or any Loan Party, at least one day prior to the requested date of issuance,
amendment or extension of the applicable Letter of Credit, that one or more applicable conditions
in Section 7 [Conditions of Lending and Issuance of Letters of Credit] is not satisfied, then,
subject to the terms and conditions hereof and in reliance on the agreements of the other Lenders
set forth in this Section 2.8, the Issuing Lender or any of the Issuing Lender’s Affiliates will
issue a Letter of Credit or agree to such amendment or extension, provided that each Letter of
Credit shall (A) be issued in U.S. Dollars and (with the exception of Letter of Credit No. 12500374
set forth on Schedule 2.8) have a maximum maturity of thirteen (13) months from the date of
issuance, and (B) in no event expire later than the Expiration Date and provided further that in no
event shall (i) the Letter of Credit Obligations exceed, at any one time, $20,000,000 (the “Letter
of Credit Sublimit”) or (ii) the Revolving Facility Usage exceed, at any one time, the Revolving
Credit Commitments. Each request by the Borrower for the issuance, amendment or extension of a
Letter of Credit shall be deemed to be a representation by the Borrower that it shall be in
compliance with the preceding sentence and with Section 7 [Conditions of Lending and Issuance of
Letters of Credit] after giving effect to the requested issuance, amendment or extension of such
Letter of Credit. Promptly after its delivery of any Letter of Credit or any amendment to a Letter
of Credit to the beneficiary thereof, the applicable Issuing Lender will also deliver to Borrower
and Administrative Agent a true and complete copy of such Letter of Credit or amendment.

- 27 -

 

     From and after the Closing Date, the letters of credit issued by PNC under the Existing Credit
Agreement as set forth on Schedule 2.8 shall be deemed to be issued under this Agreement
and be included within the Letters of Credit.

     Notwithstanding any other provision hereof, no Issuing Lender shall be required to issue any
Letter of Credit, if any Lender is at such time a Defaulting Lender hereunder, unless such Issuing
Lender has entered into satisfactory arrangements with the Borrower or such Defaulting Lender to
eliminate the Issuing Lender’s risk with respect to such Defaulting Lender (it being understood
that the Issuing Lender would consider the Borrower or such Defaulting Lender providing cash
collateral to the Administrative Agent, for the benefit of the Issuing Lender, to secure the
Defaulting Lender’s Ratable Share of the Letter of Credit a satisfactory arrangement.

          2.8.2 Letter of Credit Fees. The Borrower shall pay (i) to the Administrative Agent
for the ratable account of the Lenders a fee (the “Letter of Credit Fee”) equal to the Applicable
Letter of Credit Fee Rate, and (ii) to the Issuing Lender for its own account a fronting fee equal
to 0.125% per annum (in each case computed on the basis of a year of 360 days and actual days
elapsed), which fees shall be computed on the daily average Letter of Credit Obligations (other
than Letter of Credit Borrowings) and shall be payable quarterly in arrears on each Payment Date
following issuance of each Letter of Credit. The Borrower shall also pay to the Issuing Lender for
the Issuing Lender’s sole account the Issuing Lender’s then in effect customary fees and
administrative expenses payable with respect to the Letters of Credit as the Issuing Lender may
generally charge or incur from time to time in connection with the issuance, maintenance, amendment
(if any), assignment or transfer (if any), negotiation, and administration of Letters of Credit.

          2.8.3 Disbursements, Reimbursement. Immediately upon the issuance of each Letter of
Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to,
purchase from the Issuing Lender a participation in such Letter of Credit and each drawing
thereunder in an amount equal to such Lender’s Ratable Share of the maximum amount available to be
drawn under such Letter of Credit and the amount of such drawing, respectively.

               2.8.3.1 In the event of any request for a drawing under a Letter of Credit by the beneficiary
or transferee thereof, the Issuing Lender will promptly notify the Borrower and the Administrative
Agent thereof. Provided that it shall have received such notice, the Borrower shall reimburse
(such obligation to reimburse the Issuing Lender shall sometimes be referred to as a “Reimbursement
Obligation”) the Issuing Lender prior to 12:00 noon on each date that an amount is paid by the
Issuing Lender under any Letter of Credit (each such date, a “Drawing Date”) by paying to the
Administrative Agent for the account of the Issuing Lender an amount equal to the amount so paid by
the Issuing Lender. In the event the Borrower fails to reimburse the Issuing Lender (through the
Administrative Agent) for the full amount of any drawing under any Letter of Credit by 12:00 noon
on the Drawing Date, the Administrative Agent will promptly notify each Lender thereof, and the
Borrower shall be deemed to have requested that Revolving Credit Loans be made by the Lenders under
the Base Rate Option to be disbursed on the Drawing Date under such Letter of Credit, subject to
the amount of the unutilized portion of the Revolving Credit Commitment and subject to the
conditions set forth in Section 7.2 [Each Loan or Letter of Credit] other than any notice
requirements. Any notice given by the Administrative Agent or Issuing Lender pursuant to this
Section 2.8.3.1 may be oral

- 28 -

 

if immediately confirmed in writing; provided that the lack of such an immediate confirmation
shall not affect the conclusiveness or binding effect of such notice.

               2.8.3.2 Each Lender shall upon any notice pursuant to Section 2.8.3.1 make available to the
Administrative Agent for the account of the Issuing Lender an amount in immediately available funds
equal to its Ratable Share of the amount of the drawing, whereupon the participating Lenders shall
(subject to Section 2.8.3 [Disbursement; Reimbursement]) each be deemed to have made a Revolving
Credit Loan under the Base Rate Option to the Borrower in that amount. If any Lender so notified
fails to make available to the Administrative Agent for the account of the Issuing Lender the
amount of such Lender’s Ratable Share of such amount by no later than 2:00 p.m. on the Drawing
Date, then interest shall accrue on such Lender’s obligation to make such payment, from the Drawing
Date to the date on which such Lender makes such payment (i) at a rate per annum equal to the
Federal Funds Effective Rate during the first three (3) days following the Drawing Date and (ii) at
a rate per annum equal to the rate applicable to Loans under the Base Rate Option on and after the
fourth day following the Drawing Date. The Administrative Agent and the Issuing Lender will
promptly give notice (as described in Section 2.8.3.1 above) of the occurrence of the Drawing Date,
but failure of the Administrative Agent or the Issuing Lender to give any such notice on the
Drawing Date or in sufficient time to enable any Lender to effect such payment on such date shall
not relieve such Lender from its obligation under this Section 2.8.3.2.

               2.8.3.3 With respect to any unreimbursed drawing that is not converted into Revolving Credit
Loans under the Base Rate Option to the Borrower in whole or in part as contemplated by Section
2.8.3.1, because of the Borrower’s failure to satisfy the conditions set forth in Section 7.2 [Each
Loan or Letter of Credit] other than any notice requirements, or for any other reason, the Borrower
shall be deemed to have incurred from the Issuing Lender a borrowing (each a “Letter of Credit
Borrowing”) in the amount of such drawing. Such Letter of Credit Borrowing shall be due and
payable on demand (together with interest) and shall bear interest at the rate per annum applicable
to the Revolving Credit Loans under the Base Rate Option. Each Lender’s payment to the
Administrative Agent for the account of the Issuing Lender pursuant to Section 2.8.3
[Disbursements, Reimbursement] shall be deemed to be a payment in respect of its participation in
such Letter of Credit Borrowing (each a “Participation Advance”) from such Lender in satisfaction
of its participation obligation under this Section 2.8.3.

          2.8.4 Repayment of Participation Advances.

               2.8.4.1 Upon (and only upon) receipt by the Administrative Agent for the account of the
Issuing Lender of immediately available funds from the Borrower (i) in reimbursement of any payment
made by the Issuing Lender under the Letter of Credit with respect to which any Lender has made a
Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a payment
made by the Issuing Lender under such a Letter of Credit, the Administrative Agent on behalf of the
Issuing Lender will pay to each Lender, in the same funds as those received by the Administrative
Agent, the amount of such Lender’s Ratable Share of such funds, except the Administrative Agent
shall retain for the account of the Issuing Lender the amount of the Ratable Share of such funds of
any Lender that did not make a Participation Advance in respect of such payment by the Issuing
Lender.

- 29 -

 

               2.8.4.2 If the Administrative Agent is required at any time to return to any Loan Party, or to
a trustee, receiver, liquidator, custodian, or any official in any Insolvency Proceeding, any
portion of any payment made by any Loan Party to the Administrative Agent for the account of the
Issuing Lender pursuant to this Section in reimbursement of a payment made under the Letter of
Credit or interest or fee thereon, each Lender shall, on demand of the Administrative Agent,
forthwith return to the Administrative Agent for the account of the Issuing Lender the amount of
its Ratable Share of any amounts so returned by the Administrative Agent plus interest thereon from
the date such demand is made to the date such amounts are returned by such Lender to the
Administrative Agent, at a rate per annum equal to the Federal Funds Effective Rate in effect from
time to time.

          2.8.5 Documentation. Each Loan Party agrees to be bound by the terms of the Issuing
Lender’s application and agreement for letters of credit and the Issuing Lender’s written
regulations and customary practices relating to letters of credit, though such interpretation may
be different from such Loan Party’s own. In the event of a conflict between such application or
agreement and this Agreement, this Agreement shall govern. It is understood and agreed that,
except in the case of gross negligence or willful misconduct, the Issuing Lender shall not be
liable for any error, negligence and/or mistakes, whether of omission or commission, in following
any Loan Party’s instructions or those contained in the Letters of Credit or any modifications,
amendments or supplements thereto.

          2.8.6 Determinations to Honor Drawing Requests. In determining whether to honor any
request for drawing under any Letter of Credit by the beneficiary thereof, the Issuing Lender shall
be responsible only to determine that the documents and certificates required to be delivered under
such Letter of Credit have been delivered and that they comply on their face with the requirements
of such Letter of Credit.

          2.8.7 Nature of Participation and Reimbursement Obligations. Each Lender’s obligation
in accordance with this Agreement to make the Revolving Credit Loans or Participation Advances, as
contemplated by Section 2.8.3 [Disbursements, Reimbursement], as a result of a drawing under a
Letter of Credit, and the Obligations of the Borrower to reimburse the Issuing Lender upon a draw
under a Letter of Credit, shall be absolute, unconditional and irrevocable, and shall be performed
strictly in accordance with the terms of this Section 2.8 under all circumstances, including the
following circumstances:

          (i) any set-off, counterclaim, recoupment, defense or other right which such Lender may have
against the Issuing Lender or any of its Affiliates, the Borrower or any other Person for any
reason whatsoever, or which any Loan Party may have against the Issuing Lender or any of its
Affiliates, any Lender or any other Person for any reason whatsoever;

          (ii) the failure of any Loan Party or any other Person to comply, in connection with a Letter
of Credit Borrowing, with the conditions set forth in Section 2.1 [Revolving Credit Commitments],
2.4 [Revolving Credit Loan Requests; Swing Loan Requests], 2.5 [Making Revolving Credit Loans and
Swing Loans; Etc.] or 7.2 [Each Loan or Letter of Credit] or as otherwise set forth in this
Agreement for the making of a Revolving Credit Loan, it being acknowledged that such conditions are
not required for the making of a Letter of Credit

- 30 -

 

Borrowing and the obligation of the Lenders to make Participation Advances under Section 2.8.3
[Disbursements, Reimbursement];

          (iii) any lack of validity or enforceability of any Letter of Credit;

          (iv) any claim of breach of warranty that might be made by any Loan Party or any Lender
against any beneficiary of a Letter of Credit, or the existence of any claim, set-off, recoupment,
counterclaim, crossclaim, defense or other right which any Loan Party or any Lender may have at any
time against a beneficiary, successor beneficiary any transferee or assignee of any Letter of
Credit or the proceeds thereof (or any Persons for whom any such transferee may be acting), the
Issuing Lender or its Affiliates or any Lender or any other Person, whether in connection with this
Agreement, the transactions contemplated herein or any unrelated transaction (including any
underlying transaction between any Loan Party or Subsidiaries of a Loan Party and the beneficiary
for which any Letter of Credit was procured);

          (v) the lack of power or authority of any signer of (or any defect in or forgery of any
signature or endorsement on) or the form of or lack of validity, sufficiency, accuracy,
enforceability or genuineness of any draft, demand, instrument, certificate or other document
presented under or in connection with any Letter of Credit, or any fraud or alleged fraud in
connection with any Letter of Credit, or the transport of any property or provision of services
relating to a Letter of Credit, in each case even if the Issuing Lender or any of its Affiliates
has been notified thereof;

          (vi) payment by the Issuing Lender or any of its Affiliates under any Letter of Credit against
presentation of a demand, draft or certificate or other document which does not comply with the
terms of such Letter of Credit;

          (vii) the solvency of, or any acts or omissions by, any beneficiary of any Letter of Credit,
or any other Person having a role in any transaction or obligation relating to a Letter of Credit,
or the existence, nature, quality, quantity, condition, value or other characteristic of any
property or services relating to a Letter of Credit;

          (viii) any failure by the Issuing Lender or any of its Affiliates to issue any Letter of
Credit in the form requested by any Loan Party, unless the Issuing Lender has received written
notice from such Loan Party of such failure within three Business Days after the Issuing Lender
shall have furnished such Loan Party and the Administrative Agent a copy of such Letter of Credit
and such error is material and no drawing has been made thereon prior to receipt of such notice;

          (ix) any adverse change in the business, operations, properties, assets, condition (financial
or otherwise) or prospects of any Loan Party or Subsidiaries of a Loan Party;

          (x) any breach of this Agreement or any other Loan Document by any party thereto;

          (xi) the occurrence or continuance of an Insolvency Proceeding with respect to any Loan Party;

- 31 -

 

           (xii) the fact that an Event of Default or a Potential Default shall have occurred and be
continuing;

          (xiii) the fact that the Expiration Date shall have passed or this Agreement or the
Commitments hereunder shall have been terminated; and

          (xiv) any other circumstance or happening whatsoever, whether or not similar to any of the
foregoing.

          2.8.8 Indemnity. The Borrower hereby agrees to protect, indemnify, pay and save
harmless the Issuing Lender and any of its Affiliates that has issued a Letter of Credit from and
against any and all claims, demands, liabilities, damages, taxes, penalties, interest, judgments,
losses, costs, charges and expenses (including reasonable fees, expenses and disbursements of
counsel and allocated costs of internal counsel) which the Issuing Lender or any of its Affiliates
may incur or be subject to as a consequence, direct or indirect, of the issuance of any Letter of
Credit, other than as a result of (A) the gross negligence or willful misconduct of the Issuing
Lender as determined by a final non-appealable judgment of a court of competent jurisdiction or (B)
the wrongful dishonor by the Issuing Lender or any of Issuing Lender’s Affiliates of a proper
demand for payment made under any Letter of Credit, except if such dishonor resulted from any act
or omission, whether rightful or wrongful, of any present or future de jure or de facto government
or Official Body.

          2.8.9 Liability for Acts and Omissions. As between any Loan Party and the Issuing
Lender, or the Issuing Lender’s Affiliates, such Loan Party assumes all risks of the acts and
omissions of, or misuse of the Letters of Credit by, the respective beneficiaries of such Letters
of Credit. In furtherance and not in limitation of the foregoing, the Issuing Lender shall not be
responsible for any of the following, including any losses or damages to any Loan Party or other
Person or property relating therefrom: (i) the form, validity, sufficiency, accuracy, genuineness
or legal effect of any document submitted by any party in connection with the application for an
issuance of any such Letter of Credit, even if it should in fact prove to be in any or all respects
invalid, insufficient, inaccurate, fraudulent or forged (even if the Issuing Lender or its
Affiliates shall have been notified thereof); (ii) the validity or sufficiency of any instrument
transferring or assigning or purporting to transfer or assign any such Letter of Credit or the
rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be
invalid or ineffective for any reason; (iii) the failure of the beneficiary of any such Letter of
Credit, or any other party to which such Letter of Credit may be transferred, to comply fully with
any conditions required in order to draw upon such Letter of Credit or any other claim of any Loan
Party against any beneficiary of such Letter of Credit, or any such transferee, or any dispute
between or among any Loan Party and any beneficiary of any Letter of Credit or any such transferee;
(iv) errors, omissions, interruptions or delays in transmission or delivery of any messages, by
mail, cable, telegraph, telex or otherwise, whether or not they be in cipher; (v) errors in
interpretation of technical terms; (vi) any loss or delay in the transmission or otherwise of any
document required in order to make a drawing under any such Letter of Credit or of the proceeds
thereof; (vii) the misapplication by the beneficiary of any such Letter of Credit of the proceeds
of any drawing under such Letter of Credit; or (viii) any consequences arising from causes beyond
the control of the Issuing Lender or its Affiliates, as applicable, including any act or omission
of any Official Body, and none of the above shall affect or impair, or prevent

- 32 -

 

the vesting of, any of the Issuing Lender’s or its Affiliates rights or powers hereunder. Nothing
in the preceding sentence shall relieve the Issuing Lender from liability for the Issuing Lender’s
gross negligence or willful misconduct in connection with actions or omissions described in such
clauses (i) through (viii) of such sentence. In no event shall the Issuing Lender or its
Affiliates be liable to any Loan Party for any indirect, consequential, incidental, punitive,
exemplary or special damages or expenses (including without limitation attorneys’ fees), or for any
damages resulting from any change in the value of any property relating to a Letter of Credit.

          Without limiting the generality of the foregoing, the Issuing Lender and each of its
Affiliates (i) may rely on any oral or other communication believed in good faith by the Issuing
Lender or such Affiliate to have been authorized or given by or on behalf of the applicant for a
Letter of Credit, (ii) may honor any presentation if the documents presented appear on their face
substantially to comply with the terms and conditions of the relevant Letter of Credit; (iii) may
honor a previously dishonored presentation under a Letter of Credit, whether such dishonor was
pursuant to a court order, to settle or compromise any claim of wrongful dishonor, or otherwise,
and shall be entitled to reimbursement to the same extent as if such presentation had initially
been honored, together with any interest paid by the Issuing Lender or its Affiliate; (iv) may
honor any drawing that is payable upon presentation of a statement advising negotiation or payment,
upon receipt of such statement (even if such statement indicates that a draft or other document is
being delivered separately), and shall not be liable for any failure of any such draft or other
document to arrive, or to conform in any way with the relevant Letter of Credit; (v) may pay any
paying or negotiating bank claiming that it rightfully honored under the laws or practices of the
place where such bank is located; and (vi) may settle or adjust any claim or demand made on the
Issuing Lender or its Affiliate in any way related to any order issued at the applicant’s request
to an air carrier, a letter of guarantee or of indemnity issued to a carrier or any similar
document (each an “Order”) and honor any drawing in connection with any Letter of Credit that is
the subject of such Order, notwithstanding that any drafts or other documents presented in
connection with such Letter of Credit fail to conform in any way with such Letter of Credit.

          In furtherance and extension and not in limitation of the specific provisions set forth above,
any action taken or omitted by the Issuing Lender or its Affiliates under or in connection with the
Letters of Credit issued by it or any documents and certificates delivered thereunder, if taken or
omitted in good faith, shall not put the Issuing Lender or its Affiliates under any resulting
liability to the Borrower or any Lender.

          2.8.10 Issuing Lender Reporting Requirements. Each Issuing Lender shall, on the first
Business Day of each month, provide to Administrative Agent and Borrower a schedule of the Letters
of Credit issued by it, in form and substance satisfactory to Administrative Agent, showing the
date of issuance of each Letter of Credit, the account party, the original face amount (if any),
and the expiration date of any Letter of Credit outstanding at any time during the preceding month,
and any other information relating to such Letter of Credit that the Administrative Agent may
request.

          2.9 Reduction of Revolving Credit Commitment. The Borrower shall have the right at any
time after the Closing Date upon five (5) days’ prior written notice to the Administrative Agent to
permanently reduce (ratably among the Lenders in proportion to their Ratable Shares) the Revolving
Credit Commitments, in a minimum amount of $5,000,000 and whole multiples of

- 33 -

 

$1,000,000, or to terminate completely the Revolving Credit Commitments, without penalty or premium
except as hereinafter set forth; provided that any such reduction or termination shall be
accompanied by prepayment of the Notes, together with outstanding Commitment Fees, and the full
amount of interest accrued on the principal sum to be prepaid (and all amounts referred to in
Section 5.10 [Indemnity] hereof) to the extent necessary to cause the aggregate Revolving Facility
Usage after giving effect to such prepayments to be equal to or less than the Revolving Credit
Commitments as so reduced or terminated. Any notice to reduce the Revolving Credit Commitments
under this Section 2.9. shall be irrevocable.

     2.10 Utilization of Commitments in the Optional Currency.

          2.10.1 Periodic Computations of Dollar Equivalent Amounts of Revolving Credit Loans.
The Administrative Agent will determine the Dollar Equivalent amount of (i) proposed Revolving
Credit Loans to be denominated in an Optional Currency as of the requested Borrowing Date or date
of issuance, as the case may be, and (ii) outstanding Revolving Credit Loans denominated in an
Optional Currency as of the end of each Interest Period (each such date under clauses (i) and (ii),
a “Computation Date”).

          2.10.2 Notice From Lenders That Optional Currency is Unavailable to Fund New Loans.
The Lenders shall be under no obligation to make the Revolving Credit Loans requested by the
Borrower which are denominated in an Optional Currency if any Lender notifies the Administrative
Agent by 5:00 p.m., Pittsburgh time, at least three (3) Business Days prior to the Borrowing Date
for such Revolving Credit Loans that such Lender cannot provide its share of such Revolving Credit
Loans in such Optional Currency. In the event the Administrative Agent timely receives a notice
from a Lender pursuant to the preceding sentence, the Administrative Agent will notify the Borrower
no later than 12:00 noon, Pittsburgh time, two (2) Business Days prior to the Borrowing Date for
such Revolving Credit Loans that the Optional Currency is not then available for such Revolving
Credit Loans, and the Administrative Agent shall promptly thereafter notify the Lenders of the
same. If the Borrower receives a notice described in the preceding sentence, the Borrower may, by
notice to the Administrative Agent not later than 5:00 p.m., Pittsburgh time, one (1) Business Day
prior to the Borrowing Date for such Revolving Credit Loans, withdraw the Loan Request for such
Revolving Credit Loans. If the Borrower withdraws such Loan Request, the Administrative Agent will
promptly notify each Lender of the same and the Lenders shall not make such Revolving Credit Loans.
If the Borrower does not withdraw such Loan Request before such time, (i) the Borrower shall be
deemed to have requested that the Revolving Credit Loans referred to in its Loan Request shall be
made in Dollars in an amount equal to the Dollar Equivalent amount of such Revolving Credit Loans
and shall bear interest under the Base Rate Option, and (ii) the Administrative Agent shall
promptly deliver a notice to each Lender stating: (A) that such Revolving Credit Loans shall be
made in Dollars and shall bear interest under the Base Rate Option, (B) the aggregate amount of
such Revolving Credit Loans, and (C) such Lender’s Ratable Share of such Revolving Credit Loans.

          2.10.3 Notices from Lenders That an Optional Currency is Unavailable to Fund Renewals of
the LIBOR Rate Option. If the Borrower delivers a Loan Request requesting that the Lenders
renew the LIBOR Rate Option with respect to an outstanding Borrowing Tranche of Revolving Credit
Loans denominated in an Optional Currency, the Lenders shall be under no

- 34 -

 

obligation to renew such LIBOR Rate Option if any Lender delivers to the Administrative Agent
a notice by 5:00 p.m., Pittsburgh time, four (4) Business Days prior to effective date of such
renewal that such Lender cannot continue to provide Revolving Credit Loans in such Optional
Currency. In the event the Administrative Agent timely receives a notice from a Lender pursuant to
the preceding sentence, the Administrative Agent will notify the Borrower promptly, but no later
than 12:00 noon, Pittsburgh time, three (3) Business Days prior to the renewal date that the
renewal of such Revolving Credit Loans in such Optional Currency is not then available, and the
Administrative Agent shall promptly thereafter notify the Lenders of the same. If the
Administrative Agent shall have so notified the Borrower that any such continuation of Optional
Currency Loans is not then available, any notice of renewal with respect thereto shall be deemed
withdrawn, and such Optional Currency Loans shall be redenominated into the Base Rate Option in
Dollars with effect from the last day of the Interest Period with respect to any such Optional
Currency Loans. The Administrative Agent will promptly notify the Borrower and the Lenders of any
such redenomination, and in such notice, the Administrative Agent will state the aggregate Dollar
Equivalent amount of the redenominated Optional Currency Loans as of the Computation Date with
respect thereto and such Lender’s Ratable Share thereof.

     2.11 Currency Repayments. Notwithstanding anything contained herein to the contrary,
the entire amount of principal of and interest on any Loan made in an Optional Currency shall be
repaid in the same Optional Currency in which such Loan was made, provided,
however, that if it is impossible or illegal for the Borrower to effect payment of a Loan
in the Optional Currency in which such Loan was made, or if the Borrower defaults in its
obligations to do so, the Required Lenders may at their option permit such payment to be made (i)
at and to a different location, subsidiary, affiliate or correspondent of Administrative Agent, or
(ii) in the Equivalent Amount of Dollars or (iii) in an Equivalent Amount of such other currency
(freely convertible into Dollars) as the Required Lenders may solely at their option designate.
Upon any events described in (i) through (iii) of the preceding sentence, the Borrower shall make
such payment and the Borrower agrees to hold each Lender harmless from and against any loss
incurred by any Lender arising from the cost to such Lender of any premium, any costs of exchange,
the cost of hedging and covering the Optional Currency in which such Loan was originally made, and
from any change in the value of Dollars, or such other currency, in relation to the Optional
Currency that was due and owing. Such loss shall be calculated for the period commencing with the
first day of the Interest Period for such Loan and continuing through the date of payment thereof.
Without prejudice to the survival of any other agreement of the hereunder, the Borrower’s
obligations under this Section 2.11 shall survive termination of this Agreement.

     2.12 Optional Currency Amounts. Notwithstanding anything contained herein to the
contrary, the Administrative Agent may, with respect to notices by the Borrower for Revolving
Credit Loans in an Optional Currency or voluntary prepayments of less than the full amount of an
Optional Currency Borrowing Tranche, engage in reasonable rounding of the Optional Currency amounts
requested to be loaned or repaid, and the Borrower’s request or notice shall thereby be deemed to
reflect such rounded amounts.

     2.13 Requests for Additional Optional Currencies. The Borrower may deliver to the
Administrative Agent a written request that Revolving Credit Loans hereunder also be permitted to
be made in any other lawful currency (other than Dollars), in addition to the currencies

- 35 -

 

specified in the definition of “Optional Currency” herein, provided that such currency must be
freely traded in the offshore interbank foreign exchange markets, freely transferable, freely
convertible into Dollars and available to the Lenders in the applicable interbank market. The
Administrative Agent will promptly notify the Lenders of any such request promptly after the
Administrative Agent receives such request. The Administrative Agent and each Lender may grant or
accept such request in their sole discretion. The Administrative Agent will promptly notify the
Borrower of the acceptance or rejection by the Administrative Agent and each of the Lenders of the
Borrower’s request. The requested currency shall be approved as an Optional Currency hereunder
only if the Administrative Agent and all of the Lenders approve of the Borrower’s request.

     2.14 Increase in Revolving Credit Commitments.

          2.14.1 Increasing Lenders and New Lenders. The Borrower may, at any time, but not more
often than three (3) times after the Closing Date, request that (1) the current Lenders increase
their Revolving Credit Commitments (any current Lender which elects to increase its Revolving
Credit Commitment shall be referred to as an “Increasing Lender”), and/or (2) one or more new
lenders (each a “New Lender”) join this Agreement and provide a Revolving Credit Commitment
hereunder, subject to the following terms and conditions:

               2.14.1.1 No Obligation to Increase. No current Lender shall be obligated to increase
its Revolving Credit Commitment and any increase in the Revolving Credit Commitment by any current
Lender shall be in the sole discretion of such current Lender.

               2.14.1.2 Defaults. There shall exist no Events of Default or Potential Default on the
effective date of such increase after giving effect to such increase.

               2.14.1.3 Aggregate Revolving Credit Commitments. After giving effect to such
increase, the total Revolving Credit Commitments shall not exceed $325,000,000.

               2.14.1.4 Minimum Revolving Credit Commitments. After giving effect to such increase,
the aggregate amount of the Revolving Credit Commitments provided by each of the New Lenders and
each of the Increasing Lenders shall be at least $20,000,000; and

               2.14.1.5 Resolutions; Opinion. The Loan Parties shall deliver to the Administrative
Agent on or before the effective date of such increase the following documents in a form reasonably
acceptable to the Administrative Agent: (1) certifications of their corporate secretaries with
attached resolutions certifying that the increase in the Revolving Credit Commitment has been
approved by such Loan Parties, and (2) an opinion of counsel addressed to the Administrative Agent
and the Lenders addressing the authorization and execution of the Loan Documents by, and
enforceability of the Loan Documents against, the Loan Parties.

               2.14.1.6 Notes. The Borrower shall execute and deliver (1) to each Increasing Lender
a replacement revolving credit Note reflecting the new amount of such Increasing Lender’s Revolving
Credit Commitment after giving effect to the increase (and the prior Note issued to such Increasing
Lender shall be deemed to be terminated) and (2) to each New Lender a revolving credit Note
reflecting the amount of such New Lender’s Revolving Credit Commitment.

- 36 -

 

               2.14.1.7 Approval of New Lenders. Any New Lender shall be subject to the approval of
the Administrative Agent [Successors and Assigns].

               2.14.1.8 Increasing Lenders. Each Increasing Lender shall confirm its agreement to
increase its Revolving Credit Commitment pursuant to an acknowledgement in a form acceptable to the
Administrative Agent, signed by it and the Borrower and delivered to the Administrative Agent at
least five (5) days before the effective date of such increase.

               2.14.1.9 New Lenders—Joinder. Each New Lender shall execute a lender joinder in
substantially the form of Exhibit 2.5 pursuant to which such New Lender shall join and
become a party to this Agreement and the other Loan Documents with a Revolving Credit Commitment in
the amount set forth in such lender joinder.

          2.14.2 Treatment of Outstanding Loans and Letters of Credit.

               2.14.2.1 Repayment of Outstanding Loans; Borrowing of New Loans. On the on the
effective date of such increase, the Borrower shall repay all Loans then outstanding, subject to
the Borrower’s indemnity obligations under Section 5.10 [Indemnity]; provided that it may
borrow new Loans with a Borrowing Date on such date. Each of the Lenders shall participate in any
new Loans made on or after such date in accordance with their respective Ratable Shares after
giving effect to the increase in Revolving Credit Commitments contemplated by this Section.

               2.14.2.2 Outstanding Letters of Credit. Repayment of Outstanding Loans; Borrowing of New
Loans. On the effective date of such increase, each Increasing Lender and each New Lender (i)
will be deemed to have purchased a participation in each then outstanding Letter of Credit equal to
its Ratable Share of such Letter of Credit and the participation of each other Lender in such
Letter of Credit shall be adjusted accordingly and (ii) will acquire, (and will pay to the
Administrative Agent, for the account of each Lender, in immediately available funds, an amount
equal to) its Ratable Share of all outstanding Participation Advances.

3. INTENTIONALLY OMITTED

4. INTEREST RATES

     4.1 Interest Rate Options. The Borrower shall pay interest in respect of the
outstanding unpaid principal amount of the Loans as selected by it from the Base Rate Option or
LIBOR Rate Option set forth below applicable to the Loans, it being understood that, subject to the
provisions of this Agreement, the Borrower may select different Interest Rate Options and different
Interest Periods to apply simultaneously to the Loans comprising different Borrowing Tranches and
may convert to or renew one or more Interest Rate Options with respect to all or any portion of the
Loans comprising any Borrowing Tranche; provided that there shall not be at any one time
outstanding more than eight (8) Borrowing Tranches in the aggregate among all of the Loans and
provided further that if an Event of Default or Potential Default exists and is continuing,
the Borrower may not request, convert to, or renew the LIBOR Rate Option for any Loans and the
Required Lenders may demand that all existing Borrowing Tranches bearing interest under the LIBOR
Rate Option for an interest period which will not mature within the

- 37 -

 

next six Months shall be converted immediately to the Base Rate Option, subject to the
obligation of the Borrower to pay any indemnity under Section 5.11 [Indemnity] in connection with
such conversion. If at any time the designated rate applicable to any Loan made by any Lender
exceeds such Lender’s highest lawful rate, the rate of interest on such Lender’s Loan shall be
limited to such Lender’s highest lawful rate. Interest on the principal amount of each Loan made
in an Optional Currency shall be paid by the Borrower in such Optional Currency.

          4.1.1 Revolving Credit Interest Rate Options; Swing Line Interest Rate. The Borrower
shall have the right to select from the following Interest Rate Options applicable to the Revolving
Credit Loans (except that no Loan to which a Base Rate shall apply may be made in an Optional
Currency):

          (i) Base Rate Option: A fluctuating rate per annum (computed on the basis of a year
of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the
Applicable Margin, such interest rate to change automatically from time to time effective as of the
effective date of each change in the Base Rate; or

          (ii) LIBOR Rate Option: A rate per annum computed on the basis of a year of 360 days
and actual days elapsed (provided, that for Loans made in an Optional Currency for which a 365-day
basis is the only market practice available to the Administrative Agent, such rate shall be
calculated on the basis of a year of 365 or 366 days for the actual days elapsed) equal to the
LIBOR Rate plus the Applicable Margin.

Subject to Section 4.3 [Interest After Default], only the Base Rate Option applicable to Revolving
Credit Loans or such other rate as is offered by the Administrative Agent in its sole discretion
shall apply to the Swing Loans.

          4.1.2 Rate Quotations. The Borrower may call the Administrative Agent on or before
the date on which a Loan Request is to be delivered to receive an indication of the rates and the
applicable currency exchange rates then in effect, but it is acknowledged that such projection
shall not be binding on the Administrative Agent or the Lenders nor affect the rate of interest
which thereafter is actually in effect when the election is made.

     4.2 Interest Periods. At any time when the Borrower shall select, convert to or renew
a LIBOR Rate Option, the Borrower shall notify the Administrative Agent thereof at least four (4)
Business Days prior to the effective date of such Interest Rate Option, with respect to an Optional
Currency Loan, and at least three (3) Business Days prior to the effective date of such LIBOR Rate
Option with respect to a Dollar Loan, by delivering a Loan Request. The notice shall specify an
Interest Period during which such Interest Rate Option shall apply. Notwithstanding the preceding
sentence, the following provisions shall apply to any selection of, renewal of, or conversion to a
LIBOR Rate Option:

          4.2.1 Amount of Borrowing Tranche. The Dollar Equivalent of each Borrowing Tranche of
Loans under the LIBOR Rate Option shall be in integral multiples of $1,000,000 and not less than
$5,000,000; and

- 38 -

 

          4.2.2 Renewals. In the case of the renewal of a LIBOR Rate Option at the end of an
Interest Period, the first day of the new Interest Period shall be the last day of the preceding
Interest Period, without duplication in payment of interest for such day.

     4.3 Interest After Default. To the extent permitted by Law, upon the occurrence of an
Event of Default and until such time such Event of Default shall have been cured or waived, and at
the discretion of the Administrative Agent or upon written demand by the Required Lenders to the
Administrative Agent:

          4.3.1 Letter of Credit Fees, Interest Rate. The Letter of Credit Fees and the rate of
interest for each Loan otherwise applicable pursuant to Section 2.8.2 [Letter of Credit Fees] or
Section 4.1 [Interest Rate Options], respectively, shall be increased by 2.0% per annum;

          4.3.2 Other Obligations. Each other Obligation hereunder if not paid when due shall
bear interest at a rate per annum equal to the sum of the rate of interest applicable under the
Base Rate Option plus an additional 2.0% per annum from the time such Obligation becomes due and
payable and until it is paid in full; and

          4.3.3 Acknowledgment. The Borrower acknowledges that the increase in rates referred
to in this Section 4.3 reflects, among other things, the fact that such Loans or other amounts have
become a substantially greater risk given their default status and that the Lenders are entitled to
additional compensation for such risk; and all such interest shall be payable by Borrower upon
demand by Administrative Agent.

     4.4 LIBOR Rate Unascertainable; Illegality; Increased Costs; Deposits Not Available.

          4.4.1 Unascertainable. If on any date on which a LIBOR Rate would otherwise be
determined, the Administrative Agent shall have determined that:

          (i) adequate and reasonable means do not exist for ascertaining such LIBOR Rate, or

          (ii) a contingency has occurred which materially and adversely affects the London interbank
eurodollar market relating to the LIBOR Rate, the Administrative Agent shall have the rights
specified in Section 4.4.3 [Administrative Agent’s and Lender’s Rights].

          4.4.2 Illegality; Increased Costs; Deposits Not Available. If at any time any Lender
shall have determined that:

          (i) the making, maintenance or funding of any Loan to which a LIBOR Rate Option applies has
been made impracticable or unlawful by compliance by such Lender in good faith with any Law or any
interpretation or application thereof by any Official Body or with any request or directive of any
such Official Body (whether or not having the force of Law), or

          (ii) such LIBOR Rate Option will not adequately and fairly reflect the cost to such Lender of
the establishment or maintenance of any such Loan, or

- 39 -

 

           (iii) after making all reasonable efforts, deposits of the relevant amount in Dollars or in
the Optional Currency (as applicable) for the relevant Interest Period for a Loan, or to banks
generally, to which a LIBOR Rate Option applies, respectively, are not available to such Lender
with respect to such Loan, or to banks generally, in the interbank eurodollar market,

then the Administrative Agent shall have the rights specified in Section 4.4.3 [Administrative
Agent’s and Lender’s Rights].

          4.4.3 Administrative Agent’s and Lender’s Rights. In the case of any event specified
in Section 4.4.1 [Unascertainable] above, the Administrative Agent shall promptly so notify the
Lenders and the Borrower thereof, and in the case of an event specified in Section 4.4.2
[Illegality; Increased Costs; Deposits Not Available] above, such Lender shall promptly so notify
the Administrative Agent and endorse a certificate to such notice as to the specific circumstances
of such notice, and the Administrative Agent shall promptly send copies of such notice and
certificate to the other Lenders and the Borrower. Upon such date as shall be specified in such
notice (which shall not be earlier than the date such notice is given), the obligation of (A) the
Lenders, in the case of such notice given by the Administrative Agent, or (B) such Lender, in the
case of such notice given by such Lender, to allow the Borrower to select, convert to or renew a
LIBOR Rate Option or select an Optional Currency (as applicable) shall be suspended until the
Administrative Agent shall have later notified the Borrower, or such Lender shall have later
notified the Administrative Agent, of the Administrative Agent’s or such Lender’s, as the case may
be, determination that the circumstances giving rise to such previous determination no longer
exist. If at any time the Administrative Agent makes a determination under Section 4.4.1
[Unascertainable] and the Borrower has previously notified the Administrative Agent of its
selection of, conversion to or renewal of a LIBOR Rate Option and such Interest Rate Option has not
yet gone into effect, such notification shall be deemed to provide for selection of, conversion to
or renewal of the Base Rate Option otherwise available with respect to such Loans. If any Lender
notifies the Administrative Agent of a determination under Section 4.4.2 [Illegality; Increased
Costs; Deposits Not Available], the Borrower shall, subject to the Borrower’s indemnification
Obligations under Section 5.11 [Indemnity], as to any Loan of the Lender to which a LIBOR Rate
Option applies, on the date specified in such notice either convert such Loan to the Base Rate
Option otherwise available with respect to such Loan or prepay such Loan in accordance with Section
5.6 [Voluntary Prepayments]. Absent due notice from the Borrower of conversion or prepayment, such
Loan shall automatically be converted to the Base Rate Option otherwise available with respect to
such Loan upon such specified date.

     4.5 Selection of Interest Rate Options and Optional Currency. If the Borrower fails
to select a new Interest Period or Optional Currency to apply to any Borrowing Tranche of Loans
under the LIBOR Rate Option at the expiration of an existing Interest Period applicable to such
Borrowing Tranche in accordance with the provisions of Section 4.2 [Interest Periods], the Borrower
shall be deemed to have converted such Borrowing Tranche to the Base Rate Option or to a Dollar
Loan, as applicable, commencing upon the last day of the existing Interest Period.

- 40 -

 

5. PAYMENTS

     5.1 Payments. All payments and prepayments to be made in respect of principal,
interest, Commitment Fees, Letter of Credit Fees, Administrative Agent’s Fee or other fees or
amounts due from the Borrower hereunder shall be payable prior to 11:00 a.m. on the date when due
without presentment, demand, protest or notice of any kind, all of which are hereby expressly
waived by the Borrower, and without set-off, counterclaim or other deduction of any nature, and an
action therefor shall immediately accrue. Such payments shall be made to the Administrative Agent
at the Principal Office for the account of PNC with respect to the Swing Loans and for the ratable
accounts of the Lenders with respect to the Revolving Credit Loans in U.S. Dollars, except that
payments of principal or interest shall be made in the currency in which such Loan was made, and in
immediately available funds, and the Administrative Agent shall promptly distribute such amounts to
the Lenders in immediately available funds; provided that in the event payments are
received by 11:00 a.m. by the Administrative Agent with respect to the Loans and such payments are
not distributed to the Lenders on the same day received by the Administrative Agent, the
Administrative Agent shall pay the Lenders the Federal Funds Effective Rate with respect to the
amount of such payments due in Dollars, or the Overnight Rate in the case of Loans or other amounts
due in an Optional Currency, with respect to the amount of such payments for each day held by the
Administrative Agent and not distributed to the Lenders. The Administrative Agent’s and each
Lender’s statement of account, ledger or other relevant record shall, in the absence of manifest
error, be conclusive as the statement of the amount of principal of and interest on the Loans and
other amounts owing under this Agreement (including the Equivalent Amounts of the applicable
currencies where such computations are required) and shall be deemed an “account stated.”

     5.2 Pro Rata Treatment of Lenders. Each borrowing shall be allocated to each Lender
according to its Ratable Share, and each selection of, conversion to or renewal of any Interest
Rate Option and each payment or prepayment by the Borrower with respect to principal, interest,
Commitment Fees, Letter of Credit Fees, or other fees (except for the Administrative Agent’s Fee
and the Issuing Lender’s fronting fee) or amounts due from the Borrower hereunder to the Lenders
with respect to the Loans, shall (except as otherwise may be provided with respect to a Defaulting
Lender or a Delinquent Lender and except as provided in Section 4.4.3 [Administrative Agent’s and
Lender’s Rights] in the case of an event specified in Section 4.4 [LIBOR Rate Unascertainable;
Etc.], 5.6.2 [Replacement of a Lender] or 5.8 [Increased Costs]) be made in proportion to the
applicable Loans outstanding from each Lender and, if no such Loans are then outstanding, in
proportion to the Ratable Share of each Lender. Notwithstanding any of the foregoing, each
borrowing or payment or prepayment by the Borrower of principal, interest, fees or other amounts
from the Borrower with respect to Swing Loans shall be made by or to PNC according to Section 2.5.5
[Borrowings to Repay Swing Loans].

     5.3 Sharing of Payments by Lenders. If any Lender shall, by exercising any right of
setoff, counterclaim or banker’s lien, by receipt of voluntary payment, by realization upon
security, or by any other non-pro rata source, obtain payment in respect of any principal of or
interest on any of its Loans or other obligations hereunder resulting in such Lender’s receiving
payment of a proportion of the aggregate amount of its Loans and accrued interest thereon or other
such obligations greater than its Ratable Share thereof as provided herein, then the Lender
receiving such greater proportion shall (a) notify the Administrative Agent of such fact, and

- 41 -

 

(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:

          (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, together with interest or other amounts, if any, required by Law
(including court order) to be paid by the Lender or the holder making such purchase; and

          (ii) the provisions of this Section 5.3 shall not be construed to apply to (x) any payment
made by the Loan Parties pursuant to and in accordance with the express terms of the Loan Documents
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 Participation Advances to any assignee or participant, other
than to the Borrower or any Subsidiary thereof (as to which the provisions of this Section 5.3
shall apply).

Each Loan Party consents to the foregoing and agrees, to the extent it may effectively do so under
applicable Law, that any Lender acquiring a participation pursuant to the foregoing arrangements
may exercise against each Loan Party rights of setoff and counterclaim with respect to such
participation as fully as if such Lender were a direct creditor of each Loan Party in the amount of
such participation.

Notwithstanding anything to the contrary contained in this Agreement or any of the other Loan
Documents, any Lender that fails at any time to comply with the provisions of this Section 5.3 with
respect to purchasing participations from the other Lenders whereby such Lender’s share of any
payment received, whether by setoff or otherwise, is in excess of its Ratable Share of such
payments due and payable to all of the Lenders, when and to the full extent required by the
provisions of this Agreement, shall be deemed delinquent (a “Delinquent Lender”)
and shall be deemed a Delinquent Lender until such time as each such delinquency and all of its
obligations hereunder are satisfied. A Delinquent Lender shall be deemed to have assigned any and
all payments due to it from the Borrower, whether on account of or relating to outstanding Loans,
Letters of Credit, interest, fees or otherwise, to the remaining nondelinquent Lenders for
application to, and reduction of, their respective Ratable Share of all outstanding Loans and other
unpaid Obligations of any of the Loan Parties. The Delinquent Lender hereby authorizes the
Administrative Agent to distribute such payments to the nondelinquent Lenders in proportion to
their respective Ratable Share of all outstanding Loans and other unpaid Obligations of any of the
Loan Parties. A Delinquent Lender shall be deemed to have satisfied in full a delinquency when and
if, as a result of application of the assigned payments to all outstanding Loans and other unpaid
Obligations of any of the Loan Parties to the nondelinquent Lenders, the Lenders’ respective
Ratable Share of all outstanding Loans and unpaid Obligations have returned to those in effect
immediately prior to such delinquency and without giving effect to the nonpayment causing such
delinquency.

- 42 -

 

     5.4 Presumptions by Administrative Agent. Unless the Administrative Agent shall have
received notice from the Borrower prior to the date on which any payment is due to the
Administrative Agent for the account of the Lenders or the Issuing Lender hereunder that the
Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made
such payment on such date in accordance herewith and may, in reliance upon such assumption,
distribute to the Lenders or the Issuing Lender, as the case may be, the amount due. In such
event, if the Borrower has not in fact made such payment, then each of the Lenders or the Issuing
Lender, 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 Lender, 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.

     5.5 Interest Payment Dates. Interest on Loans to which the Base Rate Option applies
shall be due and payable in arrears on each Payment Date. Interest on Loans to which the LIBOR
Rate Option applies shall be due and payable in the currency in which such Loan was made on the
last day of each Interest Period for those Loans and, if such Interest Period is longer than three
(3) Months, also on the date that is three (3) Months, six (6) Months and nine (9) Months after the
commencement of such Interest Period, to the extent applicable. Interest on the principal amount
of each Loan or other monetary Obligation shall be due and payable on demand after such principal
amount or other monetary Obligation becomes due and payable (whether on the stated Expiration Date,
upon acceleration or otherwise).

     5.6 Voluntary Prepayments.

          5.6.1 Right to Prepay. The Borrower shall have the right at its option from time to
time to prepay the Loans in the currency in which such Loan was made in whole or part without
premium or penalty (except as provided in Section 5.6.2 [Replacement of a Lender] below, in Section
5.8 [Increased Costs] and Section 5.11 [Indemnity]). Whenever the Borrower desires to prepay any
part of the Loans, it shall provide a prepayment notice to the Administrative Agent by 1:00 p.m. at
least one (1) Business Day prior to the date of prepayment of the Revolving Credit Loans or no
later than 1:00 p.m. on the date of prepayment of Swing Loans, setting forth the following
information:

          (x) the date, which shall be a Business Day, on which the proposed prepayment
is to be made;

          (y) a statement indicating the application of the prepayment between the
Revolving Credit Loans and Swing Loans; and

          (z) the total principal amount and the currency of such prepayment, which shall
not be less than the lesser of (i) the Revolving Facility Usage or (ii) $100,000 for
any Swing Loan or $500,000 for any Revolving Credit Loan that is a LIBOR Rate Loan
and $100,000 for any Revolving Credit Loan that is a Base Rate Loan.

                  All prepayment notices shall be irrevocable. The principal amount of the Loans for which a
prepayment notice is given, together with interest on such principal amount

- 43 -

 

except with respect to Loans to which the Base Rate Option applies, shall be due and payable
on the date specified in such prepayment notice as the date on which the proposed prepayment is to
be made. Except as provided in Section 4.4.3 [Administrative Agent’s and Lender’s Rights], if the
Borrower prepays a Loan but fails to specify the applicable Borrowing Tranche which the Borrower is
prepaying, the prepayment shall be applied, after giving effect to the allocations in the preceding
sentence, first to Loans to which the Base Rate Option applies, then to Loans to which the LIBOR
Rate Option applies, and then to the Optional Currency Loans. Any prepayment hereunder shall be
subject to the Borrower’s Obligation to indemnify the Lenders under Section 5.11 [Indemnity].

          5.6.2 Replacement of a Lender. In the event any Lender (i) gives notice under Section
4.4 [LIBOR Rate Unascertainable, Etc.], (ii) requests compensation under Section 5.8 [Increased
Costs], or requires the Borrower to pay any additional amount to any Lender or any Official Body
for the account of any Lender pursuant to Section 5.10 [Taxes], (iii) is a Defaulting Lender, (iv)
becomes subject to the control of an Official Body (other than normal and customary supervision),
or (v) is a Non-Consenting Lender referred to in Section 11.1 [Modifications, Amendments or
Waivers], then in any such event the Borrower may, at its sole expense, 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
11.8 [Successors and Assigns]), all of its interests, rights and obligations under this Agreement
and the related Loan Documents to an assignee that shall assume such obligations (which assignee
may be another Lender, if a Lender accepts such assignment), provided that:

          (i) the Borrower shall have paid to the Administrative Agent the assignment fee specified in
Section 11.8 [Successors and Assigns];

          (ii) such Lender shall have received payment of an amount equal to the outstanding principal
of its Loans and Participation Advances, accrued interest thereon, accrued fees and all other
amounts payable to it hereunder and under the other Loan Documents (including any amounts under
Section 5.11 [Indemnity]) from the assignee (to the extent of such outstanding principal and
accrued interest and fees) or the Borrower (in the case of all other amounts);

          (iii) in the case of any such assignment resulting from a claim for compensation under Section
5.9.1 [Increased Costs Generally] or payments required to be made pursuant to Section 5.10 [Taxes],
such assignment will result in a reduction in such compensation or payments thereafter; and

          (iv) such assignment does not conflict with applicable 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 the Borrower to require
such assignment and delegation cease to apply.

- 44 -

 

     5.7 [Intentionally Omitted].

     5.8 Currency Fluctuations. If on any Computation Date the Dollar Equivalent Revolving
Facility Usage is equal to or greater than the Revolving Credit Commitments as a result of a change
in exchange rates between one (1) or more Optional Currencies and Dollars, then the Administrative
Agent shall notify the Borrower of the same. The Borrower shall pay or prepay (subject to
Borrower’s indemnity obligations under Sections 5.8 and 5.10) within one (1) Business Day after
receiving such notice such that the Dollar Equivalent Revolving Facility Usage shall not exceed the
aggregate Revolving Credit Commitments after giving effect to such payments or prepayments.

     5.9 Increased Costs.

          5.9.1 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 LIBOR
Rate) or the Issuing Lender;

          (ii) subject any Lender or the Issuing Lender 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 Loan under
the LIBOR Rate Option made by it, or change the basis of taxation of payments to such Lender or the
Issuing Lender in respect thereof (except for Indemnified Taxes or Other Taxes covered by Section
5.10 [Taxes] and the imposition of, or any change in the rate of, any Excluded Tax payable by such
Lender or the Issuing Lender); or

          (iii) impose on any Lender, the Issuing Lender or the London interbank market any other
condition, cost or expense affecting this Agreement or Loan under the LIBOR Rate Option 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 Loan under the LIBOR Rate Option (or of maintaining its obligation to make any such
Loan), or to increase the cost to such Lender or the Issuing Lender 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 Lender hereunder (whether of principal, interest or any other amount) then, upon
request of such Lender or the Issuing Lender, the Borrower will pay to such Lender or the Issuing
Lender, as the case may be, such additional amount or amounts as will compensate such Lender or the
Issuing Lender, as the case may be, for such additional costs incurred or reduction suffered.

     In the event that any Lender shall have determined (which determination shall, absent manifest
error, be final and conclusive and binding upon all parties hereto) that it shall have incurred
Additional Costs in connection with any Loans made by such Lender, the Borrower agrees, within five
Business Days of request by such Lender, to pay to such Lender the amount of such Additional Costs;
provided that payments for Additional Costs under this paragraph shall be without duplication of
any other payment under this Section 5.9 [Increased Costs].

- 45 -

 

          5.9.2 Capital Requirements. If any Lender or the Issuing Lender determines that any
Change in Law affecting such Lender or the Issuing Lender or any lending office of such Lender or
such Lender’s or the Issuing Lender’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 Lender’s
capital or on the capital of such Lender’s or the Issuing Lender’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 Lender, to a level below that which such Lender or the Issuing Lender or such Lender’s or
the Issuing Lender’s holding company could have achieved but for such Change in Law (taking into
consideration such Lender’s or the Issuing Lender’s policies and the policies of such Lender’s or
the Issuing Lender’s holding company with respect to capital adequacy), then from time to time the
Borrower will pay to such Lender or the Issuing Lender, as the case may be, such additional amount
or amounts as will compensate such Lender or the Issuing Lender or such Lender’s or the Issuing
Lender’s holding company for any such reduction suffered.

          5.9.3 Certificates for Reimbursement; Repayment of Outstanding Loans; Borrowing of New
Loans. A certificate of a Lender or the Issuing Lender setting forth the amount or amounts
necessary to compensate such Lender or the Issuing Lender or its holding company, as the case may
be, as specified in Sections 5.9.1 [Increased Costs Generally] or 5.9.2 [Capital Requirements] and
delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such
Lender or the Issuing Lender, as the case may be, the amount shown as due on any such certificate
within ten (10) days after receipt thereof.

          5.9.4 Delay in Requests. Failure or delay on the part of any Lender or the Issuing
Lender to demand compensation pursuant to this Section shall not constitute a waiver of such
Lender’s or the Issuing Lender’s right to demand such compensation, provided that the
Borrower shall not be required to compensate a Lender or the Issuing Lender pursuant to this
Section for any increased costs incurred or reductions suffered more than nine months prior to the
date that such Lender or the Issuing Lender, as the case may be, notifies the Borrower of the
Change in Law giving rise to such increased costs or reductions and of such Lender’s or the Issuing
Lender’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 nine (9) month period referred to above
shall be extended to include the period of retroactive effect thereof).

     5.10 Taxes.

          5.10.1 Payments Free of Taxes. Any and all payments by or on account of any
obligation of the Borrower 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 Borrower shall be required by applicable 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 Lender, as the case may be,
receives an amount equal to the sum it would have received had no such deductions been made, (ii)
the Borrower shall make such deductions and (iii) the

- 46 -

 

Borrower shall timely pay the full amount deducted to the relevant Official Body in accordance
with applicable Law.

          5.10.2 Payment of Other Taxes by the Borrower. Without limiting the provisions of
Section 5.10.1 [Payments Free of Taxes] above, the Borrower shall timely pay any Other Taxes to the
relevant Official Body in accordance with applicable Law.

          5.10.3 Indemnification by the Borrower. The Borrower shall indemnify the
Administrative Agent, each Lender and the Issuing Lender, within ten (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 Lender, 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 Official Body. A certificate as to the amount of such payment or liability delivered to
the Borrower by a Lender or the Issuing Lender (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 Lender, shall be
conclusive absent manifest error.

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

          5.10.5 Status of Lenders. (i) Any Foreign Lender that is entitled to an exemption
from or reduction of withholding tax under the Law of the jurisdiction in which the Borrower is
resident for tax purposes, or any treaty to which such jurisdiction is a party, with respect to
payments hereunder or under any other Loan Document shall deliver to the Borrower (with a copy to
the Administrative Agent), at the time or times prescribed by applicable Law or reasonably
requested by the Borrower or the Administrative Agent, such properly completed and executed
documentation prescribed by applicable Law as will permit such payments to be made without
withholding or at a reduced rate of withholding. Notwithstanding the submission of such
documentation claiming a reduced rate of or exemption from U.S. withholding tax, the Administrative
Agent or the Borrower shall be entitled to withhold United States federal income taxes at the full
30% withholding rate if in its reasonable judgment it is required to do so under the due diligence
requirements imposed upon a withholding agent under § 1.1441-7(b) of the United States Income Tax
Regulations, and any tax so withheld shall not be subject to indemnification by the Borrower under
5.10.3 above. Further, the Administrative Agent and the Borrower each is indemnified under §
1.1461-1(e) of the United States Income Tax Regulations against any claims and demands of any
Lender or assignee or participant of a Lender for the amount of any tax it deducts and withholds in
accordance with regulations under § 1441 of the Internal Revenue Code. In addition, any Lender or
Issuing Lender, if requested by the Borrower or the Administrative Agent, shall deliver such other
documentation prescribed by applicable Law or reasonably requested by the Borrower or the
Administrative Agent as will enable the Borrower or the Administrative Agent to determine (A)
whether or not such Lender or Issuing Lender is subject to withholding taxes, (B) if applicable,
the required rate of withholding, (C)

- 47 -

 

whether or not such Lender or Issuing Lender is entitled to an exemption from, or reduction
in, applicable withholding in respect of all payments to be made to a Lender or Issuing Lender
pursuant to this Agreement or any other Loan Document, or (D) otherwise to establish the Lender’s
or Issuing Lender’s status for withholding tax purposes in the applicable jurisdiction.

          (ii) Without limiting the generality of the foregoing:

          (a) in the event that the Borrower is resident for tax purposes in the United States of
America, any Foreign Lender shall deliver to the 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 the Borrower or the Administrative Agent, but only if such Foreign Lender is legally
entitled to do so), whichever of the following is applicable:

               (A) two (2) duly completed valid originals of IRS Form W-8BEN (or successor thereto) claiming
eligibility for benefits of an income tax treaty to which the United States of America is a party,

               (B) two (2) duly completed valid originals of IRS Form W-8ECI (or successor thereto),

               (C) two (2) duly completed valid originals of IRS Form W-8 IMY (or successor thereto) and all
required supporting documentation,

               (D) 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 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 the 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) two duly
completed valid originals of IRS Form W-8BEN, or

               (E) any other form prescribed by applicable 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 Law to permit the Borrower to determine the
withholding or deduction required to be made, or

          (b) to the extent that any Lender or Issuing Lender is a “United States person” within the
meaning of Section 7701(a)(30) of the Code, such Lender or Issuing shall deliver to the
Administrative Agent and the Borrower on or prior to the date on which such Lender or Issuing
Lender becomes a Lender or Issuing Lender under this Agreement (and from time to time thereafter
upon the request of the Administrative Agent or the Borrower, but only if such Lender or Issuing
Lender is legally entitled to do so) two (2) duly completed valid originals of IRS Form W-9 or any
other form prescribed by applicable Law or reasonably requested by the Administrative Agent or the
Borrower as will enable the Administrative Agent or the Borrower, as the case may be, to determine
whether or not such Lender is subject to backup withholding or information reporting requirements.

- 48 -

 

          (iii) Each Lender and Issuing Lender shall promptly notify the Administrative Agent and the
Borrower of any change in its circumstances relating to the residence for tax purposes or any
internal operations or beneficial ownership of such Lender or Issuing Lender that would modify or
render invalid any previously delivered form or documentation or any claimed exemption or reduction
of Indemnified Taxes.

          5.10.6 Refunds. If any Lender or Issuing Lender determines that it has actually received a
refund (or credit against its future tax liability in lieu of a refund) of any Indemnified Taxes or
Other Taxes as to which it has been indemnified by the Borrower or with respect to which the
Borrower has paid additional amounts pursuant to this Section 5.10, such Lender or Issuing Lender
shall pay to the Borrower an amount equal to such refund or credit in lieu of such refund (but only
to the extent of the indemnity payments actually made, or additional amounts paid by the Borrower
under this Section 5.10 with respect to the Indemnified Taxes or Other Taxes giving rise to such
refund), net of all reasonable out-of-pocket expenses incurred by such Lender or Issuing Lender
without interest (other than any interest paid the relevant Official Body respect to such refund or
credit in lieu of refund); provided that the Borrower, upon the request of such Lender or Issuing
Lender, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other
charges imposed by the relevant Official Body) to such Lender or Issuing Lender in the event such
Lender or Issuing Lender is required to repay such refund to such Official Body and delivers to the
Borrower evidence reasonably satisfactory to the Borrower of such repayment. This Section 5.10.6
shall not be construed to require any Lender or Issuing Lender to make available its tax returns
(or any information relating to its Taxes that it reasonably deems confidential) to the Borrower or
any other Person.

     5.11 Indemnity. In addition to the compensation or payments required by Section 5.8
[Increased Costs]or Section 5.10 [Taxes], the Borrower shall indemnify each Lender against all
liabilities, losses or expenses (including any loss or expense incurred in liquidating or employing
deposits from third parties and any loss or expense incurred in connection with funds acquired by a
Lender to fund or maintain Loans subject to a LIBOR Rate Option but excluding the Applicable
Margin) which such Lender sustains or incurs as a consequence of any

          (i) payment, prepayment, conversion or renewal of any Loan to which a LIBOR Rate Option
applies on a day other than the last day of the corresponding Interest Period (whether or not such
payment or prepayment is mandatory, voluntary or automatic and whether or not such payment or
prepayment is then due),

          (ii) attempt by the Borrower to revoke (expressly, by later inconsistent notices or otherwise)
in whole or part any Loan Requests under Section 2.4 [Revolving Credit Loan Requests; Swing Loan
Requests] or Section 4.2 [Interest Periods] or notice relating to prepayments under Section 5.6
[Voluntary Prepayments], or

          (iii) default by the Borrower in the performance or observance of any covenant or condition
contained in this Agreement or any other Loan Document, including any failure of the Borrower to
pay when due (by acceleration or otherwise) any principal, interest, Commitment Fee or any other
amount due hereunder.

- 49 -

 

          If any Lender sustains or incurs any such loss or expense, it shall from time to time notify
the Borrower of the amount determined in good faith by such Lender (which determination may include
such assumptions, allocations of costs and expenses and averaging or attribution methods as such
Lender shall deem reasonable) to be necessary to indemnify such Lender for such loss or expense.
Such notice shall set forth in reasonable detail the basis for such determination. Such amount
shall be due and payable by the Borrower to such Lender ten (10) Business Days after such notice is
given.

     5.12 Settlement Date Procedures. In order to minimize the transfer of funds between
the Lenders and the Administrative Agent, the Borrower may borrow, repay and reborrow Swing Loans
and PNC may make Swing Loans as provided in Section 2.1.2 [Swing Loan Commitments] hereof during
the period between Settlement Dates. The Administrative Agent shall notify each Lender of its
Ratable Share of the total of the Revolving Credit Loans and the Swing Loans (each a “Required
Share”). On such Settlement Date, each Lender shall pay to the Administrative Agent the amount
equal to the difference between its Required Share and its Revolving Credit Loans, and the
Administrative Agent shall pay to each Lender its Ratable Share of all payments made by the
Borrower to the Administrative Agent with respect to the Revolving Credit Loans. The
Administrative Agent may at its option effect settlement on any other Business Day. These
settlement procedures are established solely as a matter of administrative convenience, and nothing
contained in this Section 5.12 shall relieve the Lenders of their obligations to fund Revolving
Credit Loans on dates other than a Settlement Date pursuant to Section 2.1.2 [Swing Loan
Commitment]. The Administrative Agent may at any time at its option for any reason whatsoever
require each Lender to pay immediately to the Administrative Agent such Lender’s Ratable Share of
the outstanding Revolving Credit Loans and each Lender may at any time require the Administrative
Agent to pay immediately to such Lender its Ratable Share of all payments made by the Borrower to
the Administrative Agent with respect to the Revolving Credit Loans.

     5.13 Judgment Currency.

          5.13.1 Currency Conversion Procedures for Judgments. If for the purposes of obtaining
judgment in any court it is necessary to convert a sum due hereunder or under a Note in any
currency (the “Original Currency”) into another currency (the “Other Currency”), the parties hereby
agree, to the fullest extent permitted by Law, that the rate of exchange used shall be that at
which in accordance with normal banking procedures each Lender could purchase the Original Currency
with the Other Currency after any premium and costs of exchange on the Business Day preceding that
on which final judgment is given.

          5.13.2 Indemnity in Certain Events. The obligation of Borrower in respect of any sum due
from Borrower to any Lender hereunder shall, notwithstanding any judgment in an Other Currency,
whether pursuant to a judgment or otherwise, be discharged only to the extent that, on the Business
Day following receipt by any Lender of any sum adjudged to be so due in such Other Currency, such
Lender may in accordance with normal banking procedures purchase the Original Currency with such
Other Currency. If the amount of the Original Currency so purchased is less than the sum
originally due to such Lender in the Original Currency, Borrower agrees, as a separate obligation
and notwithstanding any such judgment or payment, to indemnify such Lender against such loss.

- 50 -

 

6. REPRESENTATIONS AND WARRANTIES

     6.1 Representations and Warranties. The Loan Parties, jointly and severally,
represent and warrant to the Administrative Agent and each of the Lenders as follows:

          6.1.1 Organization and Qualification; Power and Authority; Compliance With Laws; Title to
Properties; Event of Default. Each Loan Party and each Subsidiary of each Loan Party (i) is a
corporation, partnership or limited liability company duly organized, validly existing and in good
standing under the laws of its jurisdiction of organization, (ii) has the lawful power to own or
lease its properties and to engage in the business it presently conducts or proposes to conduct,
(iii) as to the Borrower and each Domestic Subsidiary, is duly licensed or qualified and in good
standing in each jurisdiction listed on Schedule 6.1.1 and in all other jurisdictions where
the property owned or leased by it or the nature of the business transacted by it or both makes
such licensing or qualification necessary, except where the failure to do so would not cause a
Material Adverse Change, (iv) has full power to enter into, execute, deliver and carry out this
Agreement and the other Loan Documents to which it is a party, to incur the Indebtedness
contemplated by the Loan Documents and to perform its Obligations under the Loan Documents to which
it is a party, and all such actions have been duly authorized by all necessary proceedings on its
part, (v) is in compliance in all material respects with all applicable Laws (other than
Environmental Laws which are specifically addressed in Section 6.1.14 [Environmental Matters]) in
all jurisdictions in which any Loan Party or Subsidiary of any Loan Party is presently or will be
doing business except where the failure to do so would not cause a Material Adverse Change, and
(vi) has good and marketable title to or valid leasehold interest in all properties, assets and
other rights which it purports to own or lease or which are reflected as owned or leased on its
books and records, free and clear of all Liens and encumbrances except Permitted Liens. No Event
of Default or Potential Default exists or is continuing.

          6.1.2 Subsidiaries and Owners; Investment Companies. Schedule 6.1.2 states
(i) the name of each of the Borrower’s Subsidiaries, its jurisdiction of organization and the
amount, percentage and type of equity interests in such Subsidiary (the “Subsidiary Equity
Interests”), and (ii) any options, warrants or other rights outstanding to purchase any such equity
interests referred to in clause (i) (collectively the “Equity Interests”). The Borrower and each
Subsidiary of the Borrower has good and marketable title to all of the Subsidiary Equity Interests
it purports to own, free and clear in each case of any Lien and all such Subsidiary Equity
Interests have been validly issued, fully paid and nonassessable. None of the Loan Parties or
Subsidiaries of any Loan Party is an “investment company” registered or required to be registered
under the Investment Company Act of 1940 or under the “control” of an “investment company” as such
terms are defined in the Investment Company Act of 1940 and shall not become such an “investment
company” or under such “control.”

          6.1.3 Validity and Binding Effect. This Agreement and each of the other Loan
Documents (i) has been duly and validly executed and delivered by each Loan Party which is a party
thereto, and (ii) constitutes, or will constitute, legal, valid and binding obligations of each
Loan Party which is or will be a party thereto, enforceable against such Loan Party in accordance
with its terms.

- 51 -

 

          6.1.4 No Conflict; Material Agreements; Consents. Neither the execution and delivery
of this Agreement, the other Loan Documents or the Acquisition Documents by any Loan Party nor the
consummation of the transactions herein or therein contemplated or compliance with the terms and
provisions hereof or thereof by any of them will conflict with, constitute a default under or
result in any breach of (i) the terms and conditions of the certificate of incorporation, bylaws,
certificate of limited partnership, partnership agreement, certificate of formation, limited
liability company agreement or other organizational documents of any Loan Party or (ii) any Law or
any material agreement or instrument or order, writ, judgment, injunction or decree to which any
Loan Party or any of its Subsidiaries is a party or by which it or any of its Subsidiaries is bound
or to which it is subject, or result in the creation or enforcement of any Lien, charge or
encumbrance whatsoever upon any property (now or hereafter acquired) of any Loan Party or any of
its Subsidiaries (other than Liens granted under the Loan Documents). There is no default under
such material agreement (referred to above) and none of the Loan Parties or their Subsidiaries is
bound by any contractual obligation, or subject to any restriction in any organization document, or
any requirement of Law which could result in a Material Adverse Change. No consent, approval,
exemption, order or authorization of, or a registration or filing with, any Official Body or any
other Person is required by any Law or any agreement in connection with the execution, delivery and
carrying out of this Agreement and the other Loan Documents. To the Borrower’s knowledge, other
than customary Laws relating to preservation of entity capital, there exists no Law or agreement
which restricts or limits the amount of cash and Cash Equivalents which may be transferred by any
Subsidiary organized under the laws of Finland to such Subsidiary’s direct or indirect owners or to
the Loan Parties, other than customary covenants under the loan and credit facilities permitted
under this Agreement.

          6.1.5 Litigation. There are no actions, suits, proceedings or investigations pending
or, to the knowledge of any Loan Party, threatened against such Loan Party or any Subsidiary of
such Loan Party at law or in equity before any Official Body which individually or in the aggregate
may result in any Material Adverse Change. None of the Loan Parties or any Subsidiaries of any
Loan Party is in violation of any order, writ, injunction or any decree of any Official Body which
may result in any Material Adverse Change.

          6.1.6 Financial Statements.

          (i) Historical Statements. The Borrower has delivered to the Administrative Agent
copies of its audited consolidated year-end financial statements for and as of the end of the
fiscal year ended December 31, 2008. In addition, the Borrower has delivered to the Administrative
Agent copies of its unaudited consolidated interim financial statements for the fiscal year to date
and as of the end of the fiscal quarter ended September 30, 2009 (all such annual and interim
statements being collectively referred to as the “Statements”). The Statements were compiled from
the books and records maintained by the Borrower’s management, are correct and complete and fairly
represent the consolidated financial condition of the Borrower and its Subsidiaries as of the
respective dates thereof and the results of operations for the fiscal periods then ended and have
been prepared in accordance with GAAP consistently applied, subject (in the case of the interim
statements) to normal year-end audit adjustments.

- 52 -

 

          (ii) Accuracy of Financial Statements. Neither the Borrower nor any Subsidiary of the
Borrower has any material liabilities, contingent or otherwise, or forward or long-term commitments
that are not disclosed in the Statements or in the notes thereto, and except as disclosed therein
there are no unrealized or anticipated losses from any commitments of the Borrower or any
Subsidiary of the Borrower which may cause a Material Adverse Change. Since December 31, 2008, no
Material Adverse Change has occurred.

          6.1.7 Margin Stock. None of the Loan Parties or any Subsidiaries of any Loan Party
engages or intends to engage principally, or as one of its important activities, in the business of
extending credit for the purpose, immediately, incidentally or ultimately, of purchasing or
carrying margin stock (within the meaning of Regulation U, T or X as promulgated by the Board of
Governors of the Federal Reserve System). No part of the proceeds of any Loan has been or will be
used, immediately, incidentally or ultimately, to purchase or carry any margin stock or to extend
credit to others for the purpose of purchasing or carrying any margin stock or which is
inconsistent with the provisions of the regulations of the Board of Governors of the Federal
Reserve System. None of the Loan Parties or any Subsidiary of any Loan Party holds or intends to
hold margin stock in such amounts that more than 25% of the reasonable value of the assets of any
Loan Party or Subsidiary of any Loan Party are or will be represented by margin stock.

          6.1.8 Full Disclosure. Neither this Agreement nor any other Loan Document, nor any of
the Acquisition Documents, nor any certificate, statement, agreement or other documents furnished
to the Administrative Agent or any Lender in connection herewith or therewith, contains any
statement by or on behalf of a Loan Party that is untrue in any material respect of a material fact
or omits to state a material fact necessary in order to make the statements contained herein and
therein, in light of the circumstances under which they were made, not misleading in any material
respect. There is no fact known to any Loan Party which materially adversely affects the business,
property, assets, financial condition, results of operations or prospects of any Loan Party or
Subsidiary of any Loan Party (other than general economic, market or industry conditions) which has
not been set forth in this Agreement or in the certificates, statements, agreements or other
documents furnished in writing to the Administrative Agent and the Lenders prior to or at the date
hereof in connection with the transactions contemplated hereby.

          6.1.9 Taxes. All material federal, state, local and other tax returns required to
have been filed with respect to each Loan Party and each Subsidiary of each Loan Party have been
filed, and payment or adequate provision has been made for the payment of all taxes, fees,
assessments and other governmental charges which have or may become due pursuant to said returns or
to assessments received, except to the extent that such taxes, fees, assessments and other charges
are being contested in good faith by appropriate proceedings diligently conducted and for which
such reserves or other appropriate provisions, if any, as shall be required by GAAP shall have been
made.

          6.1.10 Patents, Trademarks, Copyrights, Licenses, Etc. Each Loan Party and each
Subsidiary of each Loan Party owns or possesses all the material patents, trademarks, service
marks, trade names, copyrights, licenses, registrations, franchises, permits and rights necessary
to own and operate its properties and to carry on its business as presently conducted

- 53 -

 

and planned to be conducted by such Loan Party or Subsidiary, without known possible, alleged
or actual conflict with the rights of others.

          6.1.11 Liens in the Collateral. The Liens in the Collateral granted to the
Administrative Agent for the benefit of the Lenders pursuant to the Collateral Assignment of
Contract Rights, the Patent, Trademark and Copyright Security Agreement, the Pledge Agreements and
the Security Agreement (collectively, the “Collateral Documents”) constitute and will continue to
constitute Prior Security Interests. All filing fees and other expenses in connection with the
perfection of such Liens have been or will be paid by the Borrower.

          6.1.12 Insurance. The properties of each Loan Party and each of its Subsidiaries are
insured pursuant to policies and other bonds which are valid and in full force and effect and which
provide adequate coverage from reputable and financially sound insurers in amounts sufficient to
insure the assets and risks of each such Loan Party and Subsidiary in accordance with prudent
business practice in the industry of such Loan Parties and Subsidiaries.

          6.1.13 ERISA Compliance. (i) Each Plan is in compliance in all material respects
with the applicable provisions of ERISA, the Code and other federal or state Laws. Each Plan that
is intended to qualify under Section 401(a) of the Code has received a favorable determination
letter from the IRS or an application for such a letter is currently being processed by the IRS
with respect thereto and, to the best knowledge of Borrower, nothing has occurred which would
prevent, or cause the loss of, such qualification. Borrower and each ERISA Affiliate have made all
required contributions to each Plan subject to Section 412 of the Code, and no application for a
funding waiver or an extension of any amortization period pursuant to Section 412 of the Code has
been made with respect to any Plan.

               (ii) No ERISA Event has occurred or is reasonably expected to occur; (a) except as reflected
on the projections and financial statements delivered to the Administrative Agent and the Lenders
pursuant to Sections 7.1.1 and 8.3 of this Agreement, no Pension Plan has any unfunded pension
liability (i.e. excess of benefit liabilities over the current value of that Pension Plan’s assets,
determined in accordance with the assumptions used for funding the Pension Plan for the applicable
plan year); (b) neither Borrower nor any ERISA Affiliate has incurred, or reasonably expects to
incur, any liability under Title IV of ERISA with respect to any Pension Plan (other than premiums
due and not delinquent under Section 4007 of ERISA); (c) neither Borrower nor any ERISA Affiliate
has incurred, or reasonably expects to incur, any liability (and no event has occurred which, with
the giving of notice under Section 4219 of ERISA, would result in such liability) under Sections
4201 or 4243 of ERISA with respect to a Multiemployer Plan; and (d) neither Borrower nor any ERISA
Affiliate has engaged in a transaction that could be subject to Sections 4069 or 4212(c) of ERISA.

          6.1.14 Environmental Matters. Each Loan Party is and, to the knowledge of each
respective Loan Party, each of its Subsidiaries is and has been in compliance with applicable
Environmental Laws except as disclosed on Schedule 6.1.14; provided that such
matters so disclosed could not in the aggregate result in a Material Adverse Change.

          6.1.15 Acquisition Documents. The Borrower has delivered to the Administrative Agent for
delivery to the Lenders a true and correct copy of the Acquisition

- 54 -

 

Documents and any amendments, waivers and other documents executed in connection therewith, and
there has been no other material amendment, waiver or modification of the Acquisition Documents.
All representations and warranties of the Borrower and, to the best of the Borrower’s knowledge, of
EaglePicher Technologies contained in the Acquisition Documents are true and correct in all
material respects. Upon consummation of the Acquisition OMG Energy Holdings, Inc. acquired all of
the issued and outstanding membership interests of EaglePicher Technologies.

          6.1.16 Solvency. Before and after giving effect to the initial Loans hereunder, the
Loan Parties on a consolidated basis are Solvent.

     6.2 Updates to Schedules. Should any of the information or disclosures provided on
any of the Schedules attached hereto become outdated or incorrect in any material respect, the
Borrower shall promptly provide the Administrative Agent in writing with such revisions or updates
to such Schedule as may be necessary or appropriate to update or correct same; provided,
however, that no Schedule shall be deemed to have been amended, modified or superseded by
any such correction or update, nor shall any breach of warranty or representation resulting from
the inaccuracy or incompleteness of any such Schedule be deemed to have been cured thereby, unless
and until the Required Lenders, in their sole and absolute discretion, shall have accepted in
writing such revisions or updates to such Schedule.

     7. CONDITIONS OF LENDING AND ISSUANCE OF LETTERS OF CREDIT

     The obligation of each Lender to make Loans and of the Issuing Lender to issue Letters of
Credit hereunder is subject to the performance by each of the Loan Parties of its Obligations to be
performed hereunder at or prior to the making of any such Loans or issuance of such Letters of
Credit and to the satisfaction of the following further conditions:

     7.1 First Loans and Letters of Credit.

          7.1.1 Deliveries. On the Closing Date, the Administrative Agent shall have received
each of the following in form and substance satisfactory to the Administrative Agent:

          (i) A certificate of each of the Loan Parties signed by an Authorized Officer, dated the
Closing Date stating that (a) the representations and warranties in this Agreement are true and
correct in all material respects, (b) the Loan Parties are in compliance with each of the covenants
and conditions hereunder, (c) no Event of Default or Potential Default exists and (d) no Material
Adverse Change has occurred since the date of the last audited financial statements of the Borrower
delivered to the Administrative Agent;

          (ii) A certificate dated the Closing Date and signed by the Secretary or an Assistant
Secretary of each of the Loan Parties, certifying as appropriate as to: (a) all action taken by
each Loan Party in connection with this Agreement and the other Loan Documents; (b) the names of
the Authorized Officers authorized to sign the Loan Documents and their true signatures; and (c)
copies of its organizational documents as in effect on the Closing Date certified by the
appropriate state official where such documents are filed in a state office together with
certificates from the appropriate state officials as to the continued existence and good standing
of each Loan Party in each state where organized, and also in the states where the

- 55 -

 

failure to qualify would, in the Borrower’s reasonable judgment, cause a Material Adverse
Effect;

          (iii) This Agreement and each of the other Loan Documents signed by an Authorized Officer and
all appropriate financing statements and appropriate stock powers and certificates evidencing the
pledged Collateral;

          (iv) The closing of the transactions contemplated under the Acquisition Documents;

          (v) A written opinion of counsel for the Loan Parties, dated the Closing Date and as to the
matters set forth in Schedule 7.1.1;

          (vi) Evidence that adequate insurance, including flood insurance, if applicable, required to
be maintained under this Agreement is in full force and effect, with additional insured and lender
loss payable special endorsements attached thereto in form and substance satisfactory to the
Administrative Agent and its counsel in their reasonable discretion naming the Administrative Agent
as additional insured and lender loss payee;

          (vii) A duly completed Compliance Certificate as of the last day of the fiscal quarter of
Borrower most recently ended prior to the Closing Date, signed by an Authorized Officer of
Borrower;

          (viii) All material consents required to effectuate the transactions contemplated hereby,
including all regulatory approvals and licenses, absent any legal or regulatory prohibitions or
material restrictions;

          (ix) Evidence that the obligations under the Existing Credit Agreement have been amended and
restated in accordance with the terms of this Agreement, and all outstanding loans have been
reallocated to the Lenders in accordance with their respective Ratable Share;

          (x) A Lien search in acceptable scope and with acceptable results;

          (xi) Projections of the Borrower and its Subsidiaries through 2013, in form and substance
satisfactory to the Administrative Agent; and

          (xii) Such other documents in connection with such transactions as the Administrative Agent or
said counsel may reasonably request.

          7.1.2 Payment of Fees. The Borrower shall have paid all fees payable on or before the
Closing Date as required by this Agreement and the Administrative Agent’s Letter.

     7.2 Each Loan or Letter of Credit. At the time of making any Loans or issuing any
Letters of Credit and after giving effect to the proposed extensions of credit: (i) the
representations and warranties in this Agreement shall be true and correct in all material
respects, (ii) no Event of Default or Potential Default shall have occurred and be continuing,
(iii) the making of the Loans or issuance of such Letter of Credit shall not contravene any Law
applicable to any Loan Party or Subsidiary of any Loan Party or any of the Lenders; and (iv) the
Borrower

- 56 -

 

shall have delivered to the Administrative Agent a duly executed and completed Loan Request or
to the Issuing Lender an application for a Letter of Credit, as the case may be.

8. COVENANTS

     The Loan Parties, jointly and severally, covenant and agree that until Payment In Full, the
Loan Parties shall comply at all times with the following covenants:

     8.1 Affirmative Covenants.

          8.1.1 Preservation of Existence, Etc. Each Loan Party shall, and shall cause each of
its Subsidiaries to, maintain its legal existence as a corporation, limited partnership or limited
liability company and, except where the failure to do so would not cause a Material Adverse Change,
its license or qualification and good standing in each jurisdiction in which its ownership or lease
of property or the nature of its business makes such license or qualification necessary, except as
otherwise expressly permitted in Section 8.2.6 [Liquidations, Mergers, Etc.].

          8.1.2 Payment of Liabilities, Including Taxes, Etc. Each Loan Party shall, and shall
cause each of its Subsidiaries to, duly pay and discharge all liabilities to which it is subject or
which are asserted against it, promptly as and when the same shall become due and payable,
including all Taxes, assessments and governmental charges upon it or any of its properties, assets,
income or profits, prior to the date on which penalties attach thereto, except (i) to the extent
that such liabilities, including Taxes, assessments or charges, are being contested in good faith
and by appropriate and lawful proceedings diligently conducted and for which such reserve or other
appropriate provisions, if any, as shall be required by GAAP shall have been made, or (ii) where
the failure to pay or discharge such liabilities or Taxes would not result in a Material Adverse
Change.

          8.1.3 Maintenance of Insurance. Each Loan Party shall, and shall cause each of its
Subsidiaries to, insure its properties and assets against loss or damage by fire and such other
insurable hazards as such assets are commonly insured (including fire, extended coverage, property
damage, workers’ compensation, public liability and business interruption insurance) and against
other risks (including errors and omissions) in such amounts as similar properties and assets are
insured by prudent companies in similar circumstances carrying on similar businesses, and with
reputable and financially sound insurers, including self-insurance to the extent customary, all as
reasonably determined by the Administrative Agent. The Loan Parties shall comply with the
covenants and provide the endorsement set forth on Schedule 8.1.3 relating to property and
related insurance policies covering the Collateral.

          8.1.4 Maintenance of Properties and Leases. Each Loan Party shall, and shall cause
each of its Subsidiaries to, maintain in good repair, working order and condition (ordinary wear
and tear excepted) in accordance with the general practice of other businesses of similar character
and size, all of those properties useful or necessary to its business, and from time to time, such
Loan Party will make or cause to be made all appropriate repairs, renewals or replacements thereof.

          8.1.5 Visitation Rights. Each Loan Party shall, and shall cause each of its
Subsidiaries to, permit any of the officers or authorized employees or representatives of the

- 57 -

 

Administrative Agent or any of the Lenders to visit and inspect any of its properties and to
examine and make excerpts from its books and records and discuss its business affairs, finances and
accounts with its officers, all in such detail and at such times and as often as any of the Lenders
may reasonably request, provided that each Lender shall provide the Borrower and the
Administrative Agent with reasonable notice prior to any visit or inspection.

          8.1.6 Keeping of Records and Books of Account. The Borrower shall, and shall cause
each Subsidiary of the Borrower to, maintain and keep proper books of record and account which
enable the Borrower and its Subsidiaries to issue financial statements in accordance with GAAP and
as otherwise required by applicable Laws of any Official Body having jurisdiction over the Borrower
or any Subsidiary of the Borrower, and in which full, true and correct entries shall be made in all
material respects of all its dealings and business and financial affairs.

          8.1.7 Compliance with Laws; Use of Proceeds. Each Loan Party shall, and shall cause
each of its Subsidiaries to, comply with all applicable Laws, including all Environmental Laws, in
all respects; provided that it shall not be deemed to be a violation of this Section 8.1.7
if any failure to comply with any Law would not result in fines, penalties, remediation costs,
other similar liabilities or injunctive relief which in the aggregate would constitute a Material
Adverse Change. The Loan Parties will use the Letters of Credit and the proceeds of the Loans only
in accordance with Section 2.7 [Use of Proceeds] and as permitted by applicable Law.

          8.1.8 Further Assurances. Each Loan Party shall, from time to time, at its expense,
faithfully preserve and protect the Administrative Agent’s Lien on and Prior Security Interest in
the Collateral and all other real and personal property of the Loan Parties whether now owned or
hereafter acquired as a continuing first priority perfected Lien, subject only to Permitted Liens,
and shall do such other acts and things as the Administrative Agent in its reasonable discretion
may deem necessary or advisable from time to time in order to preserve, perfect and protect the
Liens granted under the Loan Documents and to exercise and enforce its rights and remedies
thereunder with respect to the Collateral.

          8.1.9 Anti-Terrorism Laws. None of the Loan Parties is or shall be (i) a Person with
whom any Lender is restricted from doing business under Executive Order No. 13224 or any other
Anti-Terrorism Law, (ii) engaged in any business involved in making or receiving any contribution
of funds, goods or services to or for the benefit of such a Person or in any transaction that
evades or avoids, or has the purpose of evading or avoiding, the prohibitions set forth in any
Anti-Terrorism Law, or (iii) otherwise in violation of any Anti-Terrorism Law. The Loan Parties
shall provide to the Lenders any certifications or information that a Lender requests to confirm
compliance by the Loan Parties with Anti-Terrorism Laws.

          8.1.10 Lien Waiver Agreements. Each Loan Party shall use its commercially reasonable
best efforts to obtain and deliver to the Administrative Agent within forty (45) days after the
Closing Date an executed Lien Waiver Agreement from the lessor for each leased Collateral location
where the value of the Collateral at such location is greater than $2,000,000.

- 58 -

 

          8.1.11 Harko C.V. Pledge Agreement. On or before March 31, 2010 (or such later date
as agreed to by the Administrative Agent in its sole discretion), the Borrower and OM Holdings,
Inc. shall (i) cause the Articles of Limited Partnership of Harko C.V. to be amended in order to
authorize a pledge by each of its partners of 65% of their respective ownership interests in Harko
C.V., and (ii) execute and deliver in favor of the Administrative Agent, as security for the
Obligations, 65% of their respective ownership interests in Harko C.V. pursuant to a Pledge
Agreement governed by Netherlands law which has terms consistent with the Pledge Agreement governed
by New York law but as so modified to conform to Netherlands law.

     8.2 Negative Covenants.

          8.2.1 Indebtedness. Each of the Loan Parties shall not, and shall not permit any of
its Subsidiaries to, at any time create, incur, assume or suffer to exist any Indebtedness, except:

          (i) Indebtedness under the Loan Documents;

          (ii) Existing Indebtedness as set forth on Schedule 8.2.1 (including any refinancings,
extensions, renewals or refundings thereof; provided there is no increase in the amount
thereof or other significant change in the terms thereof unless otherwise specified on Schedule
8.2.1;

          (iii) Indebtedness of the Borrower and its Domestic Subsidiaries with respect to Purchase
Money Security Interests not exceeding $10,000,000 at any time in aggregate amount of unpaid
principal loans and deferred payments (including, without limitation, imputed principal under
capitalized leases);

          (iv) Indebtedness incurred by the Borrower and its Subsidiaries which does not exceed the
Equivalent Amount of $25,000,000 in the aggregate principal amount at any time;

          (v) Indebtedness of a Loan Party owing to another Loan Party which is subordinated pursuant to
the Intercompany Subordination Agreement, and Indebtedness of a Loan Party owing to a Subsidiary
which is not a Loan Party and which is subordinated on terms and conditions satisfactory to the
Administrative Agent;

          (vi) Indebtedness of Subsidiaries that are not Loan Parties owing to Loan Parties to the
extent permitted under Section 8.2.4(xi), and Indebtedness of Subsidiaries that are not Loan
Parties owing to Subsidiaries that are not Loan Parties;

          (vii) Any (i) Lender Provided Interest Rate Hedge, (ii) other Interest Rate Hedge approved by
the Administrative Agent, or (iii) Indebtedness under any Other Lender Provided Financial Services
Product or under any currency swap or hedging arrangement or commodity hedging arrangement approved
in writing by the Administrative Agent; provided however, the Loan Parties and their
Subsidiaries shall enter into Lender Provided Interest Rate Hedges, other Interest Rate Hedges and
currency swap or hedging arrangements or commodity hedging arrangements for hedging (rather than
speculative) purposes

          (viii) Guaranties permitted under Section 8.2.3; and

- 59 -

 

          (ix) Indebtedness secured by a Lien permitted under clause (x) of the definition of Permitted
Liens.

          8.2.2 Liens; Lien Covenants; Restrictions on Funds Transfer. Each of the Loan Parties
shall not, and shall not permit any of its Subsidiaries to, at any time create, incur, assume or
suffer to exist any Lien on any of its property or assets, tangible or intangible, now owned or
hereafter acquired, or agree or become liable to do so, except Permitted Liens. Each of the Loan
Parties shall not at any time enter into any agreement (other than this Agreement and the
agreements which govern the Indebtedness set forth on Schedule 8.2.1), or adopt any charter or
other governing document provision, prohibiting the creation or assumption of any Lien upon any of
the property or assets of the Loan Parties, other than agreements which relate to purchase money
financing and capital leases permitted under Section 8.2.1(iii), provided that the prohibitions on
Liens in such agreements relate only to the assets subject to such financing or lease, and other
prohibitions, if any, as required by Law. Each of the Loan Parties shall not, and shall not permit
any of its Subsidiaries to, at any time, enter into any agreement (other than this Agreement and
the agreements which govern the Indebtedness set forth on Schedule 8.2.1), or adopt any charter or
other governing document provision, prohibiting the transfer of funds among the Loan Parties and
their Subsidiaries, except to the extent, if any, required by Law.

          8.2.3 Guaranties. Each of the Loan Parties shall not, and shall not permit any of its
Subsidiaries to, at any time, directly or indirectly, become or be liable in respect of any
Guaranty, or assume, guarantee, become surety for, endorse or otherwise agree, become or remain
directly or contingently liable upon or with respect to any obligation or liability of any other
Person, except for (i) Guaranties of Indebtedness of the Loan Parties and their Subsidiaries
permitted hereunder, (ii) Guaranties by Subsidiaries that are not Loan Parties of the Indebtedness
of other Subsidiaries, and (iii) those Guaranties existing on the date hereof and identified on
Schedule 8.2.3 hereto.

          8.2.4 Loans and Investments. Each of the Loan Parties shall not, and shall not permit
any of its Subsidiaries to, at any time make or suffer to remain outstanding any loan or advance
to, or purchase, acquire or own any stock, bonds, notes or securities of, or any partnership
interest (whether general or limited) or limited liability company interest in, or any other
investment or interest in, or make any capital contribution to, any other Person, or agree, become
or remain liable to do any of the foregoing, except:

          (i) trade credit extended on usual and customary terms in the ordinary course of business;

          (ii) advances to employees to meet expenses incurred by such employees in the ordinary course
of business;

          (iii) Permitted Investments;

          (iv) loan advances and investments by Subsidiaries which are not Loan Parties in other
Subsidiaries which are not Loan Parties;

          (v) loans, advances and investments in Loan Parties; provided however, in the case of any loan
to a Loan Party, such loan shall be subordinated pursuant to the terms of the

- 60 -

 

Intercompany Subordination Agreement or, in the case of a loan by a Subsidiary which is not a
Loan Party, on terms and conditions satisfactory to the Administrative Agent.

          (vi) loans, advances and investments by Loan Parties and their Subsidiaries as set forth on
Schedule 8.2.4 hereto.

          (vii) investments acquired by a Loan Party (A) in exchange for any other investment held by
such Loan Party in connection with or as a result of a bankruptcy, workout, reorganization or
recapitalization of the issuer of such other investment, or (B) as a result of a foreclosure by
such Loan Party with respect to any secured investment or other transfer of title with respect to
any secured investment in default;

          (viii) investments by a Loan Party in Interest Rate Hedge agreements;

          (ix) loans, advances and investments of any Person which are outstanding at the time such
Person becomes a Subsidiary of the Borrower as a result of a Permitted Acquisition, but not any
increase in the amount thereof;

          (x) advances to any supplier who is not an Affiliate, consisting of prepayments for raw
materials purchased for consumption or processing in the ordinary course of business and pursuant
to arrangements designed to assure an adequate supply of such raw materials; and

          (xi) other loans, advances and investments, including without limitation, loans advances and
investments by Loan Parties in Subsidiaries which are not Loan Parties, not exceeding $15,000,000
in any fiscal year.

          8.2.5 Dividends and Related Distributions. Each of the Loan Parties shall not, and
shall not permit any of its Subsidiaries to, make or pay, or agree to become or remain liable to
make or pay, any dividend or other distribution of any nature (whether in cash, property,
securities or otherwise) on account of or in respect of its shares of capital stock, partnership
interests or limited liability company interests on account of the purchase, redemption, retirement
or acquisition of its shares of capital stock (or warrants, options or rights therefor),
partnership interests or limited liability company interests, except (i) dividends and
distributions made by a Loan Party or a Subsidiary of a Loan Party to the Loan Party or Subsidiary
of a Loan Party which own the ownership interests of the Person making such dividend or
distribution, (ii) dividends or other distributions payable to another Loan Party, and (iii) so
long as no Potential Default or Event of Default shall have occurred and be continuing, dividends
and distributions made by the Borrower to its shareholders not in excess in any fiscal year of the
greater of (a) $10,000,000, and (b) twelve and one-half percent (12.5%) of the Borrower’s
consolidated net income for such fiscal year as calculated in accordance with GAAP.

          8.2.6 Liquidations, Mergers, Consolidations, Acquisitions. Each of the Loan Parties
shall not, and shall not permit any of its Subsidiaries to, dissolve, liquidate or wind-up its
affairs, or become a party to any merger or consolidation, or acquire by purchase, lease or
otherwise all or substantially all of the assets or capital stock of any other Person;
provided that:

- 61 -

 

               (1) any Loan Party other than the Borrower may consolidate or merge into another Loan Party
which is wholly-owned by one or more of the other Loan Parties.

               (2) the Borrower or any of its Subsidiaries (for the purposes of this clause (2), an
“Acquirer”) may acquire, whether by purchase or by merger, (A) not less than ninety percent (90%)
of the ownership interests of another Person or (B) substantially all of assets of another Person
or of a business or division of another Person (each, a “Permitted Acquisition”),
provided that each of the following requirements is met:

          (i) if such Acquirer is acquiring the ownership interests in such Person, such Person shall
execute a Joinder Agreement and join this Agreement as a Guarantor as and to the extent required
pursuant to Section 11.13 [Joinder of Loan Party] on or before the date of such acquisition;

          (ii) if such Acquirer is acquiring assets of such Person the Acquirer shall comply with
Section 11.13 [Joinder of Loan Party] as and to the extent required thereby on or before the date
of such acquisition;

          (iii) the board of directors or other equivalent governing body of such Person shall have
approved such acquisition;

          (iv) the business acquired, or the business conducted by the Person whose ownership interests
are being acquired, as applicable, shall be reasonably related to as one or more line or lines of
business conducted by the Loan Parties and shall comply with Section 8.2.10 [Continuation of or
Change in Business];

          (v) no Potential Default or Event of Default shall exist immediately prior to and after giving
effect to such acquisition;

          (vi) the Borrower shall demonstrate that it shall be in compliance with the covenants
contained in Sections 8.2.15 and 8.2.16 hereof after giving effect to such acquisition (including
in such computation Indebtedness or other liabilities assumed or incurred in connection with such
acquisition and income earned or expenses incurred by the Person, business or assets to be acquired
prior to the date of such acquisition),

          (vii) if after giving effect to such acquisition, the Borrower’s Liquidity on a pro forma
basis is less than $175,000,000, then the aggregate Consideration for all acquisitions shall not
exceed $50,000,000 in any fiscal year of the Borrower (provided however, that acquisitions
consummated when the Borrower’s Liquidity on a pro forma basis is equal to or greater than
$175,000,000 shall not be included in computing the aggregate acquisitions for the purpose of
determining compliance with such $50,000,000 maximum limitation); and

          (viii) for acquisitions having Consideration in excess of $25,000,000, the Loan Parties shall
deliver to the Administrative Agent (a) at least twenty (20) days before such acquisition, all
financial statements received respect to the Persons or assets proposed to be acquired, (b) at
least ten (10) days before such acquisition, drafts of any agreements proposed to be entered into
by such Loan Parties in connection with such acquisition, and (c) prior to the date of such
acquisition, execution copies of such agreements entered into by such Loan Parties in

- 62 -

 

connection with such acquisition and a Collateral Assignment with respect to the acquisition
agreement, and shall deliver to the Administrative Agent such other information about such Person
or its assets as any Loan Party may reasonably require.

               (3) any Subsidiary of a Loan Party may be liquidated or dissolved if it is inactive or if all
or substantially all of the assets of such Subsidiary have been transferred by dividend or
distribution, sold or otherwise disposed of in compliance with the terms of this Agreement,

               (4) Any Subsidiary of a Loan Party may merge into its parent upon 10 Business Days’ notice to
the Administrative Agent.

               (5) Any Subsidiary that is not a Loan Party may merge into any other Subsidiary that is not a
Loan Party which is wholly-owned by one or more of the other Loan Parties.

Notwithstanding anything to the contrary contained herein, so long as no Event of Default or
Potential Default then exists, the Borrower may in its discretion (i) cause OMG Electronic
Chemicals (M) Sdn. Bhd., formed under the laws of Malaysia (“OMG Malaysia”), to become a Subsidiary
of Harko CV, a Netherland partnership (and upon consummation of such transfer, any Lien of the
Administrative Agent in the equity interests of OMG Malaysia shall be released), and (ii) convert
OMG Electronic Chemicals, Inc. from a corporation to a limited liability company, so long as such
limited liability company executes and delivers to the Administrative Agent such Loan Documents or
joinders, amendments and supplements to Loan Documents as the Administrative Agent may reasonably
request.

          8.2.7 Dispositions of Assets or Subsidiaries. Each of the Loan Parties shall not, and
shall not permit any of its Subsidiaries to, sell, convey, assign, lease, abandon or otherwise
transfer or dispose of, voluntarily or involuntarily, any of its properties or assets, tangible or
intangible (including sale, assignment, discount or other disposition of accounts, contract rights,
chattel paper, equipment or general intangibles with or without recourse or of capital stock,
shares of beneficial interest, partnership interests or limited liability company interests of a
Subsidiary of such Loan Party), except:

          (i) transactions involving the sale of inventory in the ordinary course of business;

          (ii) any sale, transfer or lease of assets in the ordinary course of business which are no
longer necessary or required in the conduct of such Loan Party’s or such Subsidiary’s business;

          (iii) (a) any sale, transfer or lease of assets by any wholly owned Subsidiary of such Loan
Party to another Loan Party, (b) any sale or transfer of equity interests in a Foreign Subsidiary
as part of the transactions described in the last paragraph of Section 8.2.6 [Liquidations,
Mergers, Consolidations, Acquisitions], and (c) any sale or transfer of equity interests in a
Foreign Subsidiary to another Foreign Subsidiary;

- 63 -

 

          (iv) the sale by OMG Harjavalta Chemicals Holding BV, a Netherlands corporation, of its
ownership interests in O.M.G. Chemicals Pte. Ltd, a Singapore company, to OMG Kokkola Chemicals
Holding (Two) BV, a Netherlands corporation;

          (v) any sale, transfer or lease of assets in the ordinary course of business which are
replaced by substitute assets acquired or leased within the parameters of Section 8.2.14 [Capital
Expenditures and Leases]; provided such substitute assets are subject to the Lenders’ Prior
Security Interest; and

          (vi) any sale, transfer or lease of assets, other than those specifically excepted pursuant to
clauses (i) through (v) above, provided that the aggregate amount of all such sales, transfers and
leases does not exceed $25,000,000 in the aggregate in any fiscal year of the Borrower.

          8.2.8 Affiliate Transactions. Each of the Loan Parties shall not, and shall not
permit any of its Subsidiaries to, enter into or carry out any transaction with any Affiliate of
any Loan Party (including purchasing property or services from or selling property or services to
any Affiliate of any Loan Party or other Person) unless such transaction is not otherwise
prohibited by this Agreement, is entered into in the ordinary course of business upon fair and
reasonable arm’s-length terms and conditions and is in accordance with all applicable Law; except
that there shall be permitted (i) sales of goods to the Congo Joint Venture in the ordinary course
of business consistent with past practices, and (ii) agreements and transactions with and payments
to officers, directors and shareholders which are either (A) entered into in the ordinary course of
business and not prohibited by any of the provisions of this Agreement, or (B) entered into outside
the ordinary course of business, approved by the directors or shareholders of the Borrower, and not
prohibited by any of the provisions of this Agreement.

          8.2.9 Subsidiaries, Partnerships and Joint Ventures. Each of the Loan Parties shall
not, and shall not permit any of its Subsidiaries to own or create directly or indirectly any
Subsidiaries other than (i) any Subsidiary which has joined this Agreement as Guarantor on the
Closing Date; (ii) any Non-Material Subsidiary, (iii) any CFC existing on the Closing Date and any
CFC created or acquired after the Closing Date as permitted under Section 8.2.4, (iv) any
Subsidiary that is not a CFC formed after the Closing Date which joins this Agreement as a
Guarantor by delivering to the Administrative Agent (A) a signed Guarantor Joinder; (B) documents
in the forms described in Section 7.1 [First Loans] modified as appropriate; and (C) documents
necessary to grant and perfect Prior Security Interests to the Administrative Agent for the benefit
of the Lenders in the equity interests of (or, as to CFCs, 65% of the equity interest of), and
Collateral held by, such Subsidiary, excluding the equity interests held in any Foreign Holding
Company, provided that recourse under the Guaranty of any Foreign Holding Company shall be limited
to the Collateral pledged to secure such Guaranty. Except as set forth on Schedule 8.2.9,
each of the Loan Parties shall not become or agree to become a party to a Joint Venture unless (i)
the investment in such Joint Venture is permitted under Section 8.2.4(xi), and (ii) such Loan Party
is not liable for the obligations of such Joint Venture by operation of Law.

          8.2.10 Continuation of or Change in Business. Each of the Loan Parties shall not, and
shall not permit any of its Subsidiaries to, engage in any business other than the 

- 64 -

 

providing of
specialty chemicals, advances materials, electrochemical energy
storage and unique technologies to customers in sectors including but not limited to rechargeable batteries,
electronic devices, cutting tools, petrochemical catalysts, electronics manufacturing, industrial
coatings, defense, aerospace and medical devices, substantially as conducted and operated by such
Loan Party or Subsidiary during the present fiscal year, and such Loan Party or Subsidiary shall
not permit any material change in such business. Each Foreign Holding Company shall not engage in
any business or operations or acquire any assets or incur any liabilities other than (i) holding
the ownership interests of one or more CFC’s, and (ii) such other activities as are required or
prudent in connection with the maintenance of good standing and administration of such Loan Party.

          8.2.11 Fiscal Year. The Borrower shall not, and shall not permit any Subsidiary of
the Borrower to, change its fiscal year from the twelve-month period beginning January 1 and ending
December 31; provided that certain Foreign Subsidiaries may have taxable years that end on a date
other than December 31.

          8.2.12 Issuance of Stock. Each of the Loan Parties shall not, and shall not permit
any of their Subsidiaries to, issue any additional shares of its capital stock or any options,
warrants or other rights in respect thereof, unless, to the extent that the other shares, options,
warrants and other rights of the issuing Subsidiaries are required to be Collateral, such shares,
options, warrants and other rights are pledged to the Administrative Agent; provided however, that
the foregoing restriction shall not apply to shares of capital stock, options or warrants of the
Borrower which do not result in a violation of Section 9.1.10 [Change of Control].

          8.2.13 Changes in Organizational Documents. Each of the Loan Parties shall not, and
shall not permit any of its Subsidiaries to, amend in any respect its certificate of incorporation
(including any provisions or resolutions relating to capital stock), by-laws, certificate of
limited partnership, partnership agreement, certificate of formation, limited liability company
agreement or other organizational documents without providing at least twenty (20) calendar days’
prior written notice to the Administrative Agent and the Lenders and, in the event such change
would be adverse to the Lenders as determined by the Administrative Agent in its sole discretion,
obtaining the prior written consent of the Required Lenders.

          8.2.14 Capital Expenditures and Leases. Capital expenditures (determined under GAAP)
of the Borrower and its Subsidiaries on a consolidated basis shall not exceed $50,000,000 in any
fiscal year.

          8.2.15 Maximum Leverage Ratio. The Loan Parties shall not at any time permit the
Leverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then
ended, to exceed 2.50 to 1.00.

          8.2.16 Minimum Interest Coverage Ratio. The Loan Parties shall not permit the
Interest Coverage Ratio of the Borrower and its Subsidiaries, calculated as of the end of each
fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

     8.3 Reporting Requirements. The Loan Parties will furnish or cause to be furnished to
the Administrative Agent and each of the Lenders.

- 65 -

 

          8.3.1 Quarterly Financial Statements. As soon as available and in any event
within forty-five (45) calendar days after the end of each of the first three fiscal quarters in
each fiscal year, financial statements of the Borrower, consisting of a Form 10-Q, a consolidated
and consolidating balance sheet as of the end of such fiscal quarter and related consolidated and
consolidating statements of income, stockholders’ equity and cash flows for the fiscal quarter then
ended and the fiscal year through that date, all in reasonable detail and certified (subject to
normal year-end audit adjustments) by the Chief Executive Officer, President or Chief Financial
Officer of the Borrower as having been prepared in accordance with GAAP, consistently applied, and
setting forth in comparative form the respective financial statements for the corresponding date
and period in the previous fiscal year.

          8.3.2 Annual Financial Statements. As soon as available and in any event within
ninety (90) days after the end of each fiscal year of the Borrower, financial statements of the
Borrower consisting of a Form 10-K, a consolidated and consolidating balance sheet as of the end of
such fiscal year, and related consolidated and consolidating statements of income, stockholders’
equity and cash flows for the fiscal year then ended, all in reasonable detail and setting forth in
comparative form the financial statements as of the end of and for the preceding fiscal year, and
certified by independent certified public accountants of nationally recognized standing
satisfactory to the Administrative Agent. The certificate or report of accountants shall be free
of qualifications (other than any consistency qualification that may result from a change in the
method used to prepare the financial statements as to which such accountants concur) and shall not
indicate the occurrence or existence of any event, condition or contingency which would materially
impair the prospect of payment or performance of any covenant, agreement or duty of any Loan Party
under any of the Loan Documents.

          8.3.3 Certificate of the Borrower. Concurrently with the financial statements of the
Borrower furnished to the Administrative Agent and to the Lenders pursuant to Sections 8.3.1
[Quarterly Financial Statements] and 8.3.2 [Annual Financial Statements], a certificate (each a
“Compliance Certificate”) of the Borrower signed by the Chief Executive Officer, President, Chief
Financial Officer or Treasurer of the Borrower, in the form of Exhibit 8.3.3.

          8.3.4 Notices.

               8.3.4.1 Default. Promptly after any Authorized Officer, or the President of
EaglePicher Technologies, or any of the Borrower’s (a) Vice President, General Manager, Specialty
Chemicals, (b) Vice President, Strategic Planning, Development and Investor Relations, and (c) Vice
President, Information Technology, has learned of the occurrence of an Event of Default or
Potential Default, a certificate signed by an Authorized Officer setting forth the details of such
Event of Default or Potential Default and the action which such Loan Party proposes to take with
respect thereto.

               8.3.4.2 Litigation. Promptly after the commencement thereof, notice of all actions,
suits, proceedings or investigations before or by any Official Body or any other Person against any
Loan Party or Subsidiary of any Loan Party which relate to the Collateral, involve a claim or
series of claims in excess of $25,000,000 or which if adversely determined would constitute a
Material Adverse Change.

- 66 -

 

               8.3.4.3 Government Contracts. With respect to any contract between the Borrower or
any Subsidiary of the Borrower and a customer which is an Official Body, promptly after the receipt
thereof, notice of all written termination notices (other than at the scheduled termination date),
claims notices, or contract adjustments other than in the ordinary course of business which the
Borrower or such Subsidiary receives from such Official Body.

               8.3.4.4 Organizational Documents. Within the time limits set forth in Section 8.2.13
[Changes in Organizational Documents], any amendment to the organizational documents of any Loan
Party.

               8.3.4.5 Erroneous Financial Information. Immediately in the event that the Borrower
or its accountants conclude or advise that any previously issued financial statement, audit report
or interim review should no longer be relied upon or that disclosure should be made or action
should be taken to prevent future reliance.

               8.3.4.6 ERISA Event. Immediately upon the occurrence of any ERISA Event.

               8.3.4.7 Other Reports. Promptly upon their becoming available to the Borrower:

          (i) Annual Budget. The annual budget and any forecasts or projections of the
Borrower, to be supplied not later than the last day of February of the fiscal year to which any of
the foregoing may be applicable,

          (ii) Management Letters. Any reports including management letters submitted to the
Borrower by independent accountants in connection with any annual, interim or special audit,

          (iii) SEC Reports; Shareholder Communications. Reports, including Forms 10-K, 10-Q
and 8-K, registration statements and prospectuses and other shareholder communications, filed by
the Borrower with the Securities and Exchange Commission,

          (iv) Other Information. Such other reports and information as any of the Lenders may
from time to time reasonably request.

9. DEFAULT

     9.1 Events of Default. An Event of Default shall mean the occurrence or existence of
any one or more of the following events or conditions (whatever the reason therefor and whether
voluntary, involuntary or effected by operation of Law):

          9.1.1 Payments Under Loan Documents. The Borrower shall fail to pay any principal of
any Loan (including scheduled installments, mandatory prepayments or the payment due at maturity)
or any Reimbursement Obligation on the date on which such principal or Reimbursement Obligation
becomes due in accordance with the terms hereof, or the Borrower shall fail to pay any interest or
other amount owing hereunder or under the other Loan

- 67 -

 

Documents within three (3) Business Days after the date on which such amount becomes due in
accordance with the terms hereof or thereof;

          9.1.2 Breach of Warranty. Any representation or warranty made at any time by any of
the Loan Parties herein or by any of the Loan Parties in any other Loan Document, or in any
certificate, other instrument or statement furnished pursuant to the provisions hereof or thereof,
shall prove to have been false or misleading in any material respect as of the time it was made or
furnished;

          9.1.3 Breach of Negative Covenants or Visitation Rights. Any of the Loan Parties
shall default in the observance or performance of any covenant contained in Section 8.1.5
[Visitation Rights] or Section 8.2 [Negative Covenants];

          9.1.4 Breach of Other Covenants. Any of the Loan Parties shall default in the
observance or performance of any other covenant, condition or provision hereof or of any other Loan
Document and such default shall continue unremedied for a period of fifteen (15) Business Days;

          9.1.5 Defaults in Other Agreements or Indebtedness. A default or event of default
shall occur at any time under the terms of any other agreement involving borrowed money or the
extension of credit or any other Indebtedness under which any Loan Party or Subsidiary of any Loan
Party may be obligated as a borrower or guarantor in excess of $10,000,000 in the aggregate, and
such breach, default or event of default consists of the failure to pay (beyond any period of grace
permitted with respect thereto, whether waived or not) any Indebtedness when due (whether at stated
maturity, by acceleration or otherwise) or if such breach or default permits or causes the
acceleration of any Indebtedness (unless such right shall have been permanently waived) or the
termination of any commitment to lend;

          9.1.6 Final Judgments or Orders. Any final judgments or orders for the payment of
money in excess of $10,000,000 in the aggregate shall be entered against any Loan Party by a court
having jurisdiction in the premises, which judgment is not discharged, vacated, bonded or stayed
pending appeal within a period of thirty (30) days from the date of entry;

          9.1.7 Loan Document Unenforceable. Any of the Loan Documents shall cease to be legal,
valid and binding agreements enforceable against the party executing the same or such party’s
successors and assigns (as permitted under the Loan Documents) in accordance with the respective
terms thereof or shall in any way be terminated (except in accordance with its terms) or become or
be declared ineffective or inoperative or shall in any way be challenged or contested or cease to
give or provide the respective Liens, security interests, rights, titles, interests, remedies,
powers or privileges intended to be created thereby;

          9.1.8 Uninsured Losses; Proceedings Against Assets. There shall occur any material
uninsured damage to or loss, theft or destruction of any assets of the Loan Parties or any of their
Subsidiaries in excess of $25,000,000, or any other of the Loan Parties’ or any of their
Subsidiaries’ assets in excess of $10,000,000 are attached, seized, levied upon or subjected to a
writ or distress warrant; or such come within the possession of any receiver, trustee, custodian or
assignee for the benefit of creditors and the same is not cured within thirty (30) days thereafter;

- 68 -

 

          9.1.9 Events Relating to Plans and Benefit Arrangements. (i) An ERISA Event occurs
with respect to a Pension Plan or Multiemployer Plan which has resulted or could reasonably be
expected to result in liability of Borrower under Title IV of ERISA to the Pension Plan,
Multiemployer Plan or the PBGC in an aggregate amount in excess of $25,000,000, or (ii) Borrower or
any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any
installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a
Multiemployer Plan in an aggregate amount in excess of $25,000,000;

          9.1.10 Change of Control. (i) Any person or group of persons (within the meaning of
Sections 13(d) or 14(a) of the Securities Exchange Act of 1934, as amended) shall have acquired
beneficial ownership of (within the meaning of Rule 13d-3 promulgated by the Securities and
Exchange Commission under said Act) 30% or more of the voting capital stock of the Borrower; or
(ii) within a period of twelve (12) consecutive calendar months, individuals who were directors of
the Borrower on the first day of such period shall cease to constitute a majority of the board of
directors of the Borrower;

          9.1.11 Cessation of Business. Any Loan Party or Subsidiary of a Loan Party ceases to
conduct its business as contemplated, except as expressly permitted under Section 8.2.6
[Liquidations, Mergers, Etc.] or 8.2.7 [Dispositions of Assets or Subsidiaries], or any Loan Party
or Subsidiary of a Loan Party is enjoined, restrained or in any way prevented by court order from
conducting all or any material part of its business and such injunction, restraint or other
preventive order is not dismissed within thirty (30) days after the entry thereof;

          9.1.12 Relief Proceedings. (i) A Relief Proceeding shall have been instituted against
any Loan Party or Subsidiary of a Loan Party and such Relief Proceeding shall remain undismissed or
unstayed and in effect for a period of thirty (30) consecutive days or such court shall enter a
decree or order granting any of the relief sought in such Relief Proceeding, (ii) any Loan Party or
Subsidiary of a Loan Party institutes, or takes any action in furtherance of, a Relief Proceeding,
or (iii) any Loan Party or any Subsidiary of a Loan Party ceases to be Solvent or admits in writing
its inability to pay its debts as they mature.

     9.2 Consequences of Event of Default.

          9.2.1 Events of Default Other Than Bankruptcy, Insolvency or Reorganization
Proceedings. If an Event of Default specified under Sections 9.1.1 through 9.1.10 shall occur
and be continuing, the Lenders and the Administrative Agent shall be under no further obligation to
make Loans and the Issuing Lender shall be under no obligation to issue Letters of Credit and the
Administrative Agent may, and upon the request of the Required Lenders, shall (i) by written notice
to the Borrower, declare the unpaid principal amount of the Notes then outstanding and all interest
accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Lenders
hereunder and thereunder to be forthwith due and payable, and the same shall thereupon become and
be immediately due and payable to the Administrative Agent for the benefit of each Lender without
presentment, demand, protest or any other notice of any kind, all of which are hereby expressly
waived, and (ii) require the Borrower to, and the Borrower shall thereupon, deposit in a
non-interest-bearing account with the Administrative Agent, as cash collateral for its Obligations
under the Loan Documents, an amount equal to the maximum amount currently or at any time thereafter
available to be drawn on all outstanding Letters of Credit, and the Borrower

- 69 -

 

hereby pledges to the Administrative Agent and the Lenders, and grants to the Administrative
Agent and the Lenders a security interest in, all such cash as security for such Obligations; and

          9.2.2 Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default
specified under Section 9.1.12 [Relief Proceedings] shall occur, the Lenders shall be under no
further obligations to make Loans hereunder and the Issuing Lender shall be under no obligation to
issue Letters of Credit and the unpaid principal amount of the Loans then outstanding and all
interest accrued thereon, any unpaid fees and all other Indebtedness of the Borrower to the Lenders
hereunder and thereunder shall be immediately due and payable, without presentment, demand, protest
or notice of any kind, all of which are hereby expressly waived; and

          9.2.3 Set-off. If an Event of Default shall have occurred and be continuing, each
Lender, the Issuing Lender, and each of their respective Affiliates and any participant of such
Lender or Affiliate which has agreed in writing to be bound by the provisions of Section 5.3
[Sharing of Payments] is hereby authorized at any time and from time to time, to the fullest extent
permitted by applicable 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 Lender or any such Affiliate or
participant to or for the credit or the account of any Loan Party against any and all of the
Obligations of such Loan Party now or hereafter existing under this Agreement or any other Loan
Document to such Lender, the Issuing Lender, Affiliate or participant, irrespective of whether or
not such Lender, Issuing Lender, Affiliate or participant shall have made any demand under this
Agreement or any other Loan Document and although such Obligations of the Borrower or such Loan
Party may be contingent or unmatured or are owed to a branch or office of such Lender or the
Issuing Lender different from the branch or office holding such deposit or obligated on such
Indebtedness. The rights of each Lender, the Issuing Lender and their respective Affiliates and
participants under this Section are in addition to other rights and remedies (including other
rights of setoff) that such Lender, the Issuing Lender or their respective Affiliates and
participants may have. Each Lender and the Issuing Lender agrees to notify the 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; and

          9.2.4 Application of Proceeds. From and after the date on which the Administrative
Agent has taken any action pursuant to this Section 9.2 and until all Obligations of the Loan
Parties have been paid in full, any and all proceeds received by the Administrative Agent from any
sale or other disposition of the Collateral, or any part thereof, or the exercise of any other
remedy by the Administrative Agent, shall be applied as follows:

          (i) first, to reimburse the Administrative Agent and the Lenders for out-of-pocket costs,
expenses and disbursements, including reasonable attorneys’ and paralegals’ fees and legal
expenses, incurred by the Administrative Agent or the Lenders in connection with realizing on the
Collateral or collection of any Obligations of any of the Loan Parties under any of the Loan
Documents, including advances made by the Lenders or any one of them or the Administrative Agent
for the reasonable maintenance, preservation, protection or enforcement of, or realization upon,
the Collateral, including advances for taxes, insurance, repairs and the

- 70 -

 

like and reasonable expenses incurred to sell or otherwise realize on, or prepare for sale or
other realization on, any of the Collateral;

          (ii) second, to the repayment of all Obligations then due and unpaid of the Loan Parties to
the Lenders or their Affiliates incurred under this Agreement or any of the other Loan Documents or
agreements evidencing any Lender Provided Interest Rate Hedge or Other Lender Provided Financial
Service Products, whether of principal, interest, fees, expenses or otherwise and to cash
collateralize the Letter of Credit Obligations, ratably among the Lenders in proportion to the
respective amounts payable to them with respect to such Obligations; and

          (iii) the balance, if any, as required by Law.

10. THE ADMINISTRATIVE AGENT

     10.1 Appointment and Authority. Each of the Lenders and the Issuing Lender hereby
irrevocably appoints PNC to act on its behalf as the Administrative Agent hereunder and under the
other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and
to exercise such powers as are delegated to the Administrative Agent by the terms hereof or
thereof, together with such actions and powers as are reasonably incidental thereto. The
provisions of this Section 10 are solely for the benefit of the Administrative Agent, the Lenders
and the Issuing Lender, and neither the Borrower nor any other Loan Party shall have rights as a
third party beneficiary of any of such provisions.

     10.2 Rights as a Lender. The Person serving as the Administrative Agent hereunder
shall have the same rights and powers in its capacity as a Lender as any other Lender and may
exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders”
shall, unless otherwise expressly indicated or unless the context otherwise requires, include the
Person serving as the Administrative 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 the Borrower or any
Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder
and without any duty to account therefor to the Lenders.

     10.3 Exculpatory Provisions. The Administrative Agent shall not have any duties or
obligations except those expressly set forth herein and in the other Loan Documents. Without
limiting the generality of the foregoing, the Administrative Agent:

          (a) shall not be subject to any fiduciary or other implied duties, regardless of whether a
Potential Default or Event of Default has occurred and is continuing;

          (b) shall not 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 the Administrative 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 the Administrative Agent shall
not be required to take any action that, in its opinion or the opinion of its counsel, may expose
the Administrative Agent to liability or that is contrary to any Loan Document or applicable Law;
and

- 71 -

 

          (c) shall not, 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
the Borrower or any of its Affiliates that is communicated to or obtained by the Person serving as
the Administrative Agent or any of its Affiliates in any capacity.

          The Administrative Agent shall not be liable for any action taken or not taken by it (i) 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 the Administrative Agent shall believe in good faith shall be
necessary, under the circumstances as provided in Sections 11.1 [Modifications, Amendments or
Waivers] and 9.2 [Consequences of Event of Default]) or (ii) in the absence of its own gross
negligence or willful misconduct. The Administrative Agent shall be deemed not to have knowledge
of any Potential Default or Event of Default unless and until notice describing such Potential
Default or Event of Default is given to the Administrative Agent by the Borrower, a Lender or the
Issuing Lender.

          The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire
into (i) any statement, warranty or representation made in or in connection with 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 Potential Default or Event of 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 Section 7 [Conditions
of Lending and Issuance of Letters of Credit] or elsewhere herein, other than to confirm receipt of
items expressly required to be delivered to the Administrative Agent.

     10.4 Reliance by Administrative Agent. The Administrative Agent shall be entitled to
rely upon, and shall not incur any liability for relying upon, any notice, request, certificate,
consent, statement, instrument, document or other writing (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. The Administrative 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 Lender,
the Administrative Agent may presume that such condition is satisfactory to such Lender or the
Issuing Lender unless the Administrative Agent shall have received notice to the contrary from such
Lender or the Issuing Lender prior to the making of such Loan or the issuance of such Letter of
Credit. The Administrative Agent may consult with legal counsel (who may be counsel for the
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.

     10.5 Delegation of Duties. The Administrative 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
any one or more sub-agents appointed by the Administrative Agent. The Administrative

- 72 -

 

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 Section
10 shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any
such sub-agent, and shall apply to their respective activities in connection with the syndication
of the credit facilities provided for herein as well as activities as Administrative Agent.

     10.6 Resignation of Administrative Agent. The Administrative Agent may at any time
give notice of its resignation to the Lenders, the Issuing Lender and the Borrower. Upon receipt
of any such notice of resignation, the Required Lenders shall have the right, with approval from
the Borrower (so long as no Event of Default has occurred and is continuing), to appoint a
successor, such approval not to be unreasonably withheld or delayed. If no such successor shall
have been so appointed by the Required Lenders and shall have accepted such appointment within
thirty (30) days after the retiring Administrative Agent gives notice of its resignation, then the
retiring Administrative Agent may on behalf of the Lenders and the Issuing Lender, appoint a
successor Administrative Agent meeting the qualifications set forth above; provided that if
the Administrative Agent shall notify the 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 (i) the retiring Administrative 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 Administrative Agent on behalf of the Lenders or the Issuing Lender under any
of the Loan Documents, the retiring Administrative Agent shall continue to hold such collateral
security until such time as a successor Administrative Agent is appointed) and (ii) all payments,
communications and determinations provided to be made by, to or through the Administrative Agent
shall instead be made by or to each Lender and the Issuing Lender directly, until such time as the
Required Lenders appoint a successor Administrative Agent as provided for above in this Section
10.6. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such
successor shall succeed to and become vested with all of the rights, powers, privileges and duties
of the retiring (or retired) Administrative Agent, and the retiring Administrative 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 Section). The fees payable by the
Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor
unless otherwise agreed between the Borrower and such successor. After the retiring Administrative
Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Section 10
and Section 11.3 [Expenses; Indemnity; Damage Waiver] shall continue in effect for the benefit of
such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect
of any actions taken or omitted to be taken by any of them while the retiring Administrative Agent
was acting as Administrative Agent.

     If PNC resigns as Administrative Agent under this Section 10.6, PNC shall also resign as an
Issuing Lender. Upon the appointment of a successor Administrative Agent hereunder, such successor
shall (i) succeed to all of the rights, powers, privileges and duties of PNC as the retiring
Issuing Lender and Administrative Agent and PNC shall be discharged from all of its respective
duties and obligations as Issuing Lender and Administrative Agent under the Loan Documents, and
(ii) issue letters of credit in substitution for the Letters of Credit issued by PNC,

- 73 -

 

if any, outstanding at the time of such succession or make other arrangement satisfactory to
PNC to effectively assume the obligations of PNC with respect to such Letters of Credit.

     10.7 Non-Reliance on Administrative Agent and Other Lenders. Each Lender and the
Issuing Lender acknowledges that it has, independently and without reliance upon the Administrative
Agent or any other Lender or any of their Related Parties 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 and the Issuing Lender also acknowledges that it will, independently
and without reliance upon the Administrative Agent or any other Lender or any of their Related
Parties 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.

     10.8 No Other Duties, etc. Anything herein to the contrary notwithstanding, none of
the Joint Lead Arrangers or Sole Bookrunner 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, a Lender or the Issuing Lender hereunder.

     10.9 Administrative Agent’s Fee. The Borrower shall pay to the Administrative Agent a
nonrefundable fee (the “Administrative Agent’s Fee”) under the terms of a letter (the
“Administrative Agent’s Letter”) between the Borrower and Administrative Agent, as amended from
time to time.

     10.10 Authorization to Release Collateral and Guarantors. The Lenders and Issuing
Lenders authorize the Administrative Agent to release (i) any Collateral consisting of assets or
equity interests sold or otherwise disposed of in a sale or other disposition or transfer permitted
under Section 8.2.7 [Disposition of Assets or Subsidiaries] or 8.2.6 [Liquidations, Mergers,
Consolidations, Acquisitions] or approved by the Required Lenders, and (ii) any Guarantor from its
obligations under the Guaranty Agreement if the ownership interests in such Guarantor are sold or
otherwise disposed of or transferred to persons other than Loan Parties or Subsidiaries of the Loan
Parties in a transaction permitted under Section 8.2.7 [Disposition of Assets or Subsidiaries] or
8.2.6 [Liquidations, Mergers, Consolidations, Acquisitions].

     10.11 No Reliance on Administrative Agent’s Customer Identification Program. Each
Lender acknowledges and agrees that neither such Lender, nor any of its Affiliates, participants or
assignees, may rely on the Administrative Agent to carry out such Lender’s, Affiliate’s,
participant’s or assignee’s customer identification program, or other obligations required or
imposed under or pursuant to the USA Patriot Act or the regulations thereunder, including the
regulations contained in 31 CFR 103.121 (as hereafter amended or replaced, the “CIP Regulations”),
or any other Anti-Terrorism Law, including any programs involving any of the following items
relating to or in connection with any of the Loan Parties, their Affiliates or their agents, the
Loan Documents or the transactions hereunder or contemplated hereby: (i) any identity verification
procedures, (ii) any recordkeeping, (iii) comparisons with government lists, (iv) customer notices
or (v) other procedures required under the CIP Regulations or such other Laws.

- 74 -

 

11. MISCELLANEOUS

     11.1 Modifications, Amendments or Waivers. With the written consent of the Required
Lenders, the Administrative Agent, acting on behalf of all the Lenders, and the Borrower, on behalf
of the Loan Parties, may from time to time enter into written agreements amending or changing any
provision of this Agreement or any other Loan Document or the rights of the Lenders or the Loan
Parties hereunder or thereunder, or may grant written waivers or consents hereunder or thereunder.
Any such agreement, waiver or consent made with such written consent shall be effective to bind all
the Lenders and the Loan Parties; provided, that no such agreement, waiver or consent may
be made which will:

          11.1.1 Increase of Commitment. Increase the amount of the Revolving Credit Commitment
of any Lender hereunder without the consent of such Lender;

          11.1.2 Extension of Payment; Reduction of Principal Interest or Fees; Modification of
Terms of Payment. Whether or not any Loans are outstanding, extend the Expiration Date or the
time for payment of principal or interest of any Loan (excluding the due date of any mandatory
prepayment of a Loan), any Reimbursement Obligation, the Commitment Fee or any other fee payable to
any Lender, or reduce the principal amount of or the rate of interest borne by any Loan or reduce
the Commitment Fee or any other fee payable to any Lender, without the consent of each Lender
directly affected thereby;

          11.1.3 Release of Collateral or Guarantor. Except for sales of assets permitted by
Section 8.2.7 [Disposition of Assets or Subsidiaries], release all or any material portion of the
Collateral or any Guarantor from its Obligations under the Guaranty Agreement without the consent
of all Lenders (other than Defaulting Lenders); or

          11.1.4 Miscellaneous. Amend Section 5.2 [Pro Rata Treatment of Lenders], 10.3
[Exculpatory Provisions, Etc.] or 5.3 [Sharing of Payments by Lenders] or this Section 11.1, alter
any provision regarding the pro rata treatment of the Lenders or requiring all Lenders to authorize
the taking of any action or reduce any percentage specified in the definition of Required Lenders,
in each case without the consent of all of the Lenders (other than Defaulting Lenders);

provided that no agreement, waiver or consent which would modify the interests, rights or
obligations of the Administrative Agent or the Issuing Lender may be made without the written
consent of such Administrative Agent or Issuing Lender, as applicable, and provided,
further that, if in connection with any proposed waiver, amendment or modification referred to
in Sections 11.1.1 through 11.1.4 above, 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 (each a
“Non-Consenting Lender”), then the Borrower shall have the right to replace any such Non-Consenting
Lender with one or more replacement Lenders pursuant to Section 5.6.2 [Replacement of a Lender].

     11.2 No Implied Waivers; Cumulative Remedies. No course of dealing and no delay or
failure of the Administrative Agent or any Lender in exercising any right, power, remedy or
privilege under this Agreement or any other Loan Document shall affect any other or future

- 75 -

 

exercise thereof or operate as a waiver thereof, nor shall any single or partial exercise
thereof preclude any further exercise thereof or of any other right, power, remedy or privilege.
The rights and remedies of the Administrative Agent and the Lenders under this Agreement and any
other Loan Documents are cumulative and not exclusive of any rights or remedies which they would
otherwise have.

     11.3 Expenses; Indemnity; Damage Waiver.

          11.3.1 Costs and Expenses. The Borrower shall pay (i) all out-of-pocket expenses
incurred by the Administrative Agent and its Affiliates (including the reasonable fees, charges and
disbursements of counsel for the Administrative Agent), and shall pay all fees and time charges and
disbursements for attorneys who may be employees of the Administrative Agent, in connection with
the syndication of the credit facilities provided for herein, the preparation, negotiation,
execution, delivery and administration of this Agreement and the other Loan Documents or any
amendments, modifications or waivers of the provisions hereof or thereof (whether or not the
transactions contemplated hereby or thereby shall be consummated), (ii) all out-of-pocket expenses
incurred by the Issuing Lender 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, any Lender or the Issuing Lender (including the fees, charges
and disbursements of any counsel for the Administrative Agent, any Lender or the Issuing Lender),
and shall pay all fees and time charges for attorneys who may be employees of the Administrative
Agent, any Lender or the Issuing Lender, 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, 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 reasonable out-of-pocket
expenses of the Administrative Agent’s regular employees and agents engaged periodically to perform
audits of the Loan Parties’ books, records and business properties.

          11.3.2 Indemnification by the Borrower. The Borrower shall indemnify the
Administrative Agent (and any sub-agent thereof), each Lender and the Issuing Lender, and each
Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”)
against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities
and related expenses (including the fees, charges and disbursements of any counsel for any
Indemnitee), and shall indemnify and hold harmless each Indemnitee from all fees and time charges
and disbursements for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee
or asserted against any Indemnitee by any third party or by the 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 agreement or instrument contemplated hereby or thereby,
the performance or nonperformance 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 Lender 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) breach of representations, warranties or covenants of the Borrower under the Loan
Documents, or (iv) any actual or prospective claim,

- 76 -

 

litigation, investigation or proceeding relating to any of the foregoing, including any such
items or losses relating to or arising under Environmental Laws or pertaining to environmental
matters, whether based on contract, tort or any other theory, whether brought by a third party or
by the 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 (x) are determined by a
court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross
negligence or willful misconduct of such Indemnitee or such Indemnitee’s Subsidiaries or the
officers, directors, employees, agents, advisors and other representatives of such Indemnitee or
its Subsidiaries, or (y) result from a claim brought by the Borrower or any other Loan Party
against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under
any other Loan Document, if the Borrower or such Loan Party has obtained a final and nonappealable
judgment in its favor on such claim as determined by a court of competent jurisdiction.

          11.3.3 Reimbursement by Lenders. To the extent that the Borrower for any reason fails
to indefeasibly pay any amount required under Sections 11.3.1 [Costs and Expenses] or 11.3.2
[Indemnification by the Borrower] to be paid by it to the Administrative Agent (or any sub-agent
thereof), the Issuing Lender or any Related Party of any of the foregoing, each Lender severally
agrees to pay to the Administrative Agent (or any such sub-agent), the Issuing Lender or such
Related Party, as the case may be, such Lender’s Ratable 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) or the Issuing Lender 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) or Issuing
Lender in connection with such capacity.

          11.3.4 Waiver of Consequential Damages, Etc. To the fullest extent permitted by
applicable Law, the Borrower shall not assert, and 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 Section 11.3.2 [Indemnification by Borrower] 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.

          11.3.5 Payments. All amounts due under this Section shall be payable not later than
ten (10) days after demand therefor.

     11.4 Holidays. Whenever payment of a Loan to be made or taken hereunder shall be due
on a day which is not a Business Day such payment shall be due on the next Business Day (except as
provided in Section 4.2 [Interest Periods]) and such extension of time shall be included in
computing interest and fees, except that the Loans shall be due on the Business Day

- 77 -

 

preceding the Expiration Date if the Expiration Date is not a Business Day. Whenever any
payment or action to be made or taken hereunder (other than payment of the Loans) shall be stated
to be due on a day which is not a Business Day, such payment or action shall be made or taken on
the next following Business Day, and such extension of time shall not be included in computing
interest or fees, if any, in connection with such payment or action.

     11.5 Notices; Effectiveness; Electronic Communication.

          11.5.1 Notices Generally. Except in the case of notices and other communications
expressly permitted to be given by telephone (and except as provided in Section 11.5.2 [Electronic
Communications]), 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 (i) if to a Lender, to it at its address set forth in its administrative
questionnaire, or (ii) if to any other Person, to it at its address set forth on Schedule
1.1(B).

          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
Section 11.5.2 [Electronic Communications], shall be effective as provided in such Section.

          11.5.2 Electronic Communications. Notices and other communications to the Lenders and
the Issuing Lender hereunder may 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
Lender if such Lender or the Issuing Lender, as applicable, has notified the Administrative Agent
that it is incapable of receiving notices under such Article by electronic communication. The
Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other
communications to it hereunder by electronic communications pursuant to procedures approved by it;
provided that approval of such procedures may be limited to particular notices or
communications. 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.

          11.5.3 Change of Address, Etc. Any party hereto may change its address, e-mail
address or telecopier number for notices and other communications hereunder by notice to the other
parties hereto.

- 78 -

 

     11.6 Severability. The provisions of this Agreement are intended to be severable. If
any provision of this Agreement shall be held invalid or unenforceable in whole or in part in any
jurisdiction, such provision shall, as to such jurisdiction, be ineffective to the extent of such
invalidity or unenforceability without in any manner affecting the validity or enforceability
thereof in any other jurisdiction or the remaining provisions hereof in any jurisdiction.

     11.7 Duration; Survival. All representations and warranties of the Loan Parties
contained herein or made in connection herewith shall survive the execution and delivery of this
Agreement, the completion of the transactions hereunder and Payment In Full. All covenants and
agreements of the Borrower contained herein relating to the payment of principal, interest,
premiums, additional compensation or expenses and indemnification, including those set forth in the
Notes, Section 5 [Payments] and Section 11.3 [Expenses; Indemnity; Damage Waiver], shall survive
Payment In Full. All other covenants and agreements of the Loan Parties shall continue in full
force and effect from and after the date hereof and until Payment In Full.

     11.8 Successors and Assigns.

          11.8.1 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 neither the Borrower nor any other Loan Party may assign or
otherwise transfer any of its rights or obligations hereunder without the prior written consent of
the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its
rights or obligations hereunder except (i) to an assignee in accordance with the provisions of
Section 11.8.2 [Assignments by Lenders], (ii) by way of participation in accordance with the
provisions of Section 11.8.4 [Participations], or (iii) by way of pledge or assignment of a
security interest subject to the restrictions of Section 11.8.6 [Certain Pledges; Successors and
Assigns Generally] (and any other attempted assignment or transfer by any party hereto 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 Section 11.8.4 [Participations] and, to the extent
expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the
Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

          11.8.2 Assignments by Lenders. Any Lender may at any time assign to one or more
assignees all or a portion of its rights and obligations under this Agreement (including all or a
portion of its Commitment and the Loans at the time owing to it); provided that any such
assignment shall be subject to the following conditions:

          (i) Minimum Amounts.

               (A) in the case of 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, an
Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and

- 79 -

 

               (B) in any case not described in clause (i)(A) of this Section 11.8.2, 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
Agreement with respect to such assignment is delivered to the Administrative Agent or, if “Trade
Date” is specified in the Assignment and Assumption Agreement, as of the Trade Date) shall not be
less than $5,000,000, in the case of any assignment in respect of the Revolving Credit Commitment
of the assigning Lender, unless each of the Administrative Agent and, so long as no Event of
Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to
be unreasonably withheld or delayed).

          (ii) Proportionate Amounts. 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.

          (iii) Required Consents. No consent shall be required for any assignment except for
the consent of the Administrative Agent (which shall not be unreasonably withheld or delayed) and:

               (A) the consent of the Borrower (such consent not to be unreasonably withheld or delayed)
shall be required unless (x) an Event of Default has occurred and is continuing at the time of such
assignment or (y) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; and

               (B) the consent of the Issuing Lender (such consent not to be unreasonably withheld or
delayed) shall be required for any assignment that increases the obligation of the assignee to
participate in exposure under one or more Letters of Credit (whether or not then outstanding).

          (iv) Assignment and Assumption Agreement. The parties to each assignment shall
execute and deliver to the Administrative Agent an Assignment and Assumption Agreement, together
with a processing and recordation fee of $3,500, and the assignee, if it is not a Lender, shall
deliver to the Administrative Agent an administrative questionnaire provided by the Administrative
Agent.

          (v) No Assignment to Borrower. No such assignment shall be made to the Borrower or
any of the Borrower’s Affiliates or Subsidiaries.

          (vi) No Assignment to Natural Persons. No such assignment shall be made to a natural
person.

Subject to acceptance and recording thereof by the Administrative Agent pursuant to Section 11.8.3
[Register], from and after the effective date specified in each Assignment and Assumption
Agreement, the assignee thereunder shall be a party to this Agreement and, to the extent of the
interest assigned by such Assignment and Assumption Agreement, 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 Agreement, be released from its obligations
under this Agreement (and, in the case of an Assignment and Assumption

- 80 -

 

Agreement 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 4.4 [LIBOR Rate Unascertainable; Illegality; Increased Costs; Deposits Not Available], 5.8
[Increased Costs], and 11.3 [Expenses, Indemnity; Damage Waiver] 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 Section
11.8.2 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 Section 11.8.4 [Participations].

          11.8.3 Register. The Administrative Agent, acting solely for this purpose as an agent
of the Borrower, shall maintain a record of the names and addresses of the Lenders, and the
Commitments of, and principal amounts of the Loans owing to, each Lender pursuant to the terms
hereof from time to time. Such register shall be conclusive, and the Borrower, the Administrative
Agent and the Lenders may treat each Person whose name is in such register pursuant to the terms
hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the
contrary. Such register shall be available for inspection by the Borrower and any Lender, at any
reasonable time and from time to time upon reasonable prior notice.

          11.8.4 Participations. Any Lender may at any time, without the consent of, or notice
to, the Borrower or the Administrative Agent, sell participations to any Person (other than a
natural person or the Borrower or any of the 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) the Borrower, the Administrative Agent and the Lenders, Issuing Lender shall continue to deal
solely and directly with such Lender in connection with such Lender’s rights and obligations under
this Agreement.

          Any agreement or instrument pursuant to which a Lender sells such a participation shall
provide that such Lender shall retain the sole right to enforce this Agreement and to approve any
amendment, modification or waiver of any provision of this Agreement; provided that such
agreement or instrument may provide that such Lender will not, without the consent of the
Participant, agree to any amendment, modification or waiver with respect to Sections 11.1.1
[Increase of Commitment, Etc.], 11.1.2 [Extension of Payment, Etc.], or 11.1.3 [Release of
Collateral or Guarantor]). Subject to Section 11.8.5 [Limitations upon Participant Rights
Successors and Assigns Generally], the Borrower agrees that each Participant shall be entitled to
the benefits of Sections 4.4 [LIBOR Rate Unascertainable; Illegality; Increased Costs; Deposits Not
Available] and 5.8 [Increased Costs] to the same extent as if it were a Lender and had acquired its
interest by assignment pursuant to Section 11.8.2 [Assignments by Lenders]. To the extent
permitted by Law, each Participant also shall be entitled to the benefits of Section 9.2.3 [Setoff]
as though it were a Lender; provided such Participant agrees to be subject to Section 5.3
[Sharing of Payments by Lenders] as though it were a Lender.

          11.8.5 Limitations upon Participant Rights Successors and Assigns Generally. A
Participant shall not be entitled to receive any greater payment under Sections 5.8 [Increased

- 81 -

 

Costs], 5.10 [Taxes] or 11.3 [ Expenses; Indemnity; Damage Waiver] than the applicable Lender
would have been entitled to receive with respect to the participation sold to such Participant,
unless the sale of the participation to such Participant is made with the Borrower’s prior written
consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to
the benefits of Section 5.10 [Taxes] unless the Borrower is notified of the participation sold to
such Participant and such Participant agrees, for the benefit of the Borrower, to comply with
Section 5.10.5 [Status of Lenders] as though it were a Lender.

          11.8.6 Certain Pledges; Successors and Assigns Generally. 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.

     11.9 Confidentiality.

          11.9.1 General. Each of the Administrative Agent, the Lenders and the Issuing Lender
agrees to maintain the confidentiality of the Information, except that Information may be disclosed
(i) 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), (ii) to the extent requested by any regulatory
authority purporting to have jurisdiction over it (including any self-regulatory authority, such as
the National Association of Insurance Commissioners), (iii) to the extent required by applicable
Laws or regulations or by any subpoena or similar legal process, (iv) to any other party hereto,
(v) 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, (vi) subject to an agreement containing provisions substantially
the same as those of this Section, to (A) any assignee of or Participant in, or any prospective
assignee of or Participant in, any of its rights or obligations under this Agreement or (B) any
actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating
to the Borrower and its obligations, (vii) with the consent of the Borrower or (viii) to the extent
such Information (Y) becomes publicly available other than as a result of a breach of this Section
or (Z) becomes available to the Administrative Agent, any Lender, the Issuing Lender or any of
their respective Affiliates on a nonconfidential basis from a source other than the Borrower or the
other Loan Parties. Any Person required to maintain the confidentiality of Information as provided
in this Section shall be considered to have complied with its obligation to do so if such Person
has exercised the same degree of care to maintain the confidentiality of such Information as such
Person would accord to its own confidential information.

          11.9.2 Sharing Information With Affiliates of the Lenders. Each Loan Party
acknowledges that from time to time financial advisory, investment banking and other services may
be offered or provided to the Borrower or one or more of its Affiliates (in connection with this
Agreement or otherwise) by any Lender or by one or more Subsidiaries or Affiliates of such Lender
and each of the Loan Parties hereby authorizes each Lender to share any information

- 82 -

 

delivered to such Lender by such Loan Party and its Subsidiaries pursuant to this Agreement to
any such Subsidiary or Affiliate subject to the provisions of Section 11.9.1 [General].

     11.10 Counterparts; Integration; Effectiveness.

          11.10.1 Counterparts; Integration; Effectiveness. 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, and any separate letter agreements with respect to
fees payable to the Administrative Agent, constitute the entire contract among the parties relating
to the subject matter hereof and supersede any and all previous agreements and understandings, oral
or written, relating to the subject matter hereof including any prior confidentiality agreements
and commitments. Except as provided in Section 7 [Conditions Of Lending And Issuance Of Letters Of
Credit], 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 telecopy or e-mail shall be effective
as delivery of a manually executed counterpart of this Agreement.

     11.11 CHOICE OF LAW; SUBMISSION TO JURISDICTION; WAIVER OF VENUE; SERVICE OF PROCESS;
WAIVER OF JURY TRIAL.

          11.11.1 Governing Law. This Agreement shall be deemed to be a contract under the Laws
of the State of New York and shall, pursuant to New York General Obligations Law 5-1401, for all
purposes be governed by and construed and enforced in accordance with the laws of the State of New
York. Each standby Letter of Credit issued under this Agreement shall be subject either to the
rules of the Uniform Customs and Practice for Documentary Credits, as most recently published by
the International Chamber of Commerce (the “ICC”) at the time of issuance (“UCP”) or the rules of
the International Standby Practices (ICC Publication Number 590) (“ISP98”), as determined by the
Issuing Lender, and each trade Letter of Credit shall be subject to UCP, and in each case to the
extent not inconsistent therewith, the Laws of the State of New York without regard to is conflict
of laws principles.

          11.11.2 SUBMISSION TO JURISDICTION. THE BORROWER AND EACH OTHER LOAN PARTY
IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE
JURISDICTION OF ANY U.S. FEDERAL OR OHIO STATE COURT SITTING IN CLEVELAND, OHIO, IN ANY ACTION OR
PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR
RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND
UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND
DETERMINED IN SUCH OHIO 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

- 83 -

 

ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT
SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER OR THE ISSUING LENDER MAY
OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN
DOCUMENT AGAINST THE BORROWER OR ANY OTHER LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY
JURISDICTION.

          11.11.3 WAIVER OF VENUE. THE BORROWER AND EACH OTHER LOAN PARTY IRREVOCABLY AND
UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT
MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR
RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN THIS SECTION
11.11. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR
PROCEEDING IN ANY SUCH COURT AND AGREES NOT ASSERT ANY SUCH DEFENSE.

          11.11.4 SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF
PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 11.5 [NOTICES; EFFECTIVENESS; ELECTRONIC
COMMUNICATION]. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE
PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW.

          11.11.5 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN
DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY
OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, ADMINISTRATIVE AGENT OR
ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON 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 AND THE OTHER LOAN
DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

     11.12 USA Patriot Act Notice. Each Lender that is subject to the USA Patriot Act and
the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies Loan Parties
that pursuant to the requirements of the USA Patriot Act, it is required to obtain, verify and
record information that identifies the Loan Parties, which information includes the name and
address of Loan Parties and other information that will allow such Lender or Administrative Agent,
as applicable, to identify the Loan Parties in accordance with the USA Patriot Act.

- 84 -

 

     11.13 Joinder of Loan Party. Any Subsidiary of the Borrower that is not a CFC which is
required to join this Agreement as a Borrower or Guarantor pursuant to Section 8.2.6 [Liquidations,
Mergers, Consolidations, Acquisitions] or Section 8.2.9 [Subsidiaries, Partnerships and Joint
Ventures] (and any Subsidiary of the Borrower this is a Non-Material Subsidiary but with respect to
which the Borrower elects to have such Subsidiary become a Guarantor) shall execute and deliver to
the Administrative Agent (i) a Joinder Agreement in substantially the form attached hereto as
Exhibit 1.1(J) pursuant to which it shall join as a Guarantor each of the documents to which the
Guarantors are parties; (ii) documents in the forms described in Section 7.1 [First Loans] modified
as appropriate to relate to such Subsidiary; and (iii) documents necessary to grant the
Administrative Agent a Lien on the Collateral and create a security interest in favor of the
Administrative Agent for the benefit of the Lenders in all personal property held by such
Subsidiary. In the case of a Permitted Acquisition, the Loan Parties cause such Joinder Agreement
and related documents to be delivered to the Administrative Agent at the time of the closing of
such Permitted Acquisition. In the case of a newly formed Person required to join this Agreement
pursuant to Section 8.2.9, the Loan Parties shall deliver such Joinder Agreement and related
documents to the Administrative Agent within five (5) Business Days after the date of the filing of
such Subsidiary’s articles of incorporation if the Subsidiary is a corporation, the date of the
filing of its certificate of limited partnership if it is a limited partnership or the date of its
organization if it is an entity other than a limited partnership or corporation.

[SIGNATURE PAGES FOLLOW]

- 85 -

 

[SIGNATURE PAGE TO AMENDED AND RESTATED CREDIT AGREEMENT]

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

	 	 	 	 	 
	Borrower: 	 OM GROUP, INC.

 	 
	 	By:  	/s/ Kenneth Haber
 	 
	 	 	Name:  	Kenneth Haber 	 
	 	 	Title:  	Chief Financial Officer 	 
	 
	Guarantor:  	OMG AMERICAS, INC.

 	 
	 	By:  	/s/ Kenneth Haber
 	 
	 	 	Name:  	Kenneth Haber 	 
	 	 	Title:  	Vice President 	 
	 
	Guarantor: 	 OMG ELECTRONIC CHEMICALS, INC.

 	 
	 	By:  	/s/ Kenneth Haber
 	 
	 	 	Name:  	Kenneth Haber 	 
	 	 	Title:  	Vice President 	 
	 
	Guarantor: 	COMPUGRAPHICS USA, INC.

 	 
	 	By:  	/s/ Kenneth Haber
 	 
	 	 	Name:  	Kenneth Haber 	 
	 	 	Title:  	Vice President and Treasurer 	 
	 
	Guarantor:  	OM HOLDINGS, INC.

 	 
	 	By:  	/s/ MichaelMangan
 	 
	 	 	Name:  	Michael Mangan 	 
	 	 	Title:  	Treasurer 	 

 

 

	 	 	 	 	 

[SIGNATURE PAGE TO AMENDED AND RESTATED CREDIT AGREEMENT]

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

	 	 	 	 	 
	Guarantor:  	OMG ENERGY HOLDINGS, INC.

 	 
	 	By:  	/s/ Valerie Gentile Sachs
 	 
	 	 	Name:  	Valerie Gentile Sachs 	 
	 	 	Title:  	Secretary 	 
	 
	Guarantor: 	 EAGLEPICHER TECHNOLOGIES, LLC

 	 
	 	By:  	/s/ Randy Moore
 	 
	 	 	Name:  	Randy Moore 	 
	 	 	Title:  	President and Chief Executive Officer 	 
	 
	Guarantor:  	EPEP HOLDING COMPANY, LLC

 	 
	 	  	 	 
	 	By: 	EAGLEPICHER TECHNOLOGIES, LLC 	 
	 	 	its sole Member 	 
	 
	 	 	 
	 	By:  	                                              /s/ Randy Moore
 	 
	 	 	Name:  	Randy Moore 	 
	 	 	Title:  	President and Chief Executive Officer 	 
	 
	Guarantor:  	EAGLEPICHER MEDICAL POWER, LLC

 	 
	 	By:  	/s/ Randy Moore
 	 
	 	 	Name:  	Randy Moore 	 
	 	 	Title:  	President 	 

 

 

	 	 	 	 	 

[SIGNATURE PAGE TO AMENDED AND RESTATED CREDIT AGREEMENT]

	 	 	 	 	 
	 	PNC BANK, NATIONAL ASSOCIATION,

Individually and as Administrative Agent

 	 
	 	By:  	/s/ Christian Brown
 	 
	 	 	Name:  	Christian Brown 	 
	 	 	Title:  	Senior Vice President 	 

 

 

	 	 	 	 	 

[SIGNATURE PAGE TO AMENDED AND RESTATED CREDIT AGREEMENT]

	 	 	 	 	 
	 	BANK OF AMERICA, N.A.

 	 
	 	By:  	/s/ Matthew Buzzelli
 	 
	 	 	Name:  	Matthew Buzzelli 	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 

[SIGNATURE PAGE TO AMENDED AND RESTATED CREDIT AGREEMENT]

	 	 	 	 	 
	 	WELLS FARGO BANK,

NATIONAL ASSOCIATION

 	 
	 	By:  	/s/ Jason W. Sutton
 	 
	 	 	Name:  	Jason W. Sutton 	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 

[SIGNATURE PAGE TO AMENDED AND RESTATED CREDIT AGREEMENT]

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A.

 	 
	 	By:  	/s/ Robert S. Sheppard
 	 
	 	 	Name:  	Robert S. Sheppard 	 
	 	 	Title:  	Vice President 	 
	 

 

 

[SIGNATURE PAGE TO AMENDED AND RESTATED CREDIT AGREEMENT]

	 	 	 	 	 
	 	RBS CITIZENS, NATIONAL ASSOCIATION

 	 
	 	By:  	/s/ Patrick F. Dunphy
 	 
	 	 	Name:  	Patrick F. Dunphy 	 
	 	 	Title:  	Senior Vice President 	 

 

 

	 	 	 	 	 

[SIGNATURE PAGE TO AMENDED AND RESTATED CREDIT AGREEMENT]

	 	 	 	 	 
	 	THE HUNTINGTON NATIONAL BANK

 	 
	 	By:  	/s/ Brian H. Gallaher
 	 
	 	 	Name:  	Brian H. Gallaher 	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 

[SIGNATURE PAGE TO AMENDED AND RESTATED CREDIT AGREEMENT]

	 	 	 	 	 
	 	CREDIT SUISSE AG, CAYMAN

ISLANDS BRANCH

 	 
	 	By:  	/s/ Doreen Barr
 	 
	 	 	Name:  	Doreen Barr 	 
	 	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	                                              /s/ Christopher Reo Day
 	 
	 	 	Name:  	Christopher Reo Day 	 
	 	 	Title:  	Associate 	 

 

 

	 	 	 	 	 

[SIGNATURE PAGE TO AMENDED AND RESTATED CREDIT AGREEMENT]

	 	 	 	 	 
	 	FIRSTMERIT BANK, N.A.

 	 
	 	By:  	

/s/ Robert G. Morlan
 	 
	 	 	Name:  	Robert G. Morlan 	 
	 	 	Title:  	Senior Vice President 	 

 

 

	 	 	 	 	 

[SIGNATURE PAGE TO AMENDED AND RESTATED CREDIT AGREEMENT]

	 	 	 	 	 
	 	FIRST NIAGARA BANK

 	 
	 	By:  	/s/ R.F. Balint
 	 
	 	 	Name:  	R.F. Balint 	 
	 	 	Title:  	Vice PresidentExhibit 4.7

Exhibit 4.7

FIFTH AMENDMENT TO CREDIT AGREEMENT

THIS FIFTH AMENDMENT TO CREDIT AGREEMENT, dated as of February 24, 2010 (this “Amendment”), is
among TECUMSEH PRODUCTS COMPANY (the “Borrower”), the other Loan Parties party hereto, the lenders
party hereto (the “Lenders”), and JPMORGAN CHASE BANK, N.A., as Administrative Agent (in such
capacity, together with its successors and assigns, the “Administrative Agent”).

RECITAL

The Borrower, the other Loan Parties, the Lenders and the Administrative Agent are parties to
a Credit Agreement dated as of March 20, 2008 (as amended from time to time, the “Credit
Agreement”). The Borrower and the Loan Guarantors desire to amend the Credit Agreement as set
forth herein and the Lenders are willing to do so in accordance with the terms hereof.

TERMS

In consideration of the premises and of the mutual agreements herein contained, the parties
agree as follows:

ARTICLE 1.

CREDIT AGREEMENT AMENDMENTS

The Credit Agreement is amended as follows:

1.1 Section 6.12 of the Credit Agreement is restated as follows:

SECTION 6.12. Fixed Charge Coverage Ratio. At any time (i) Availability is
less than $10,000,000 and Borrower requests a Loan, (ii) Liquidity is less than $35,000,000
at any time on or before March 31, 2010, or (iii) Liquidity is less than $50,000,000 at any
time after March 31, 2010, the Borrower will not permit the Fixed Charge Coverage Ratio,
determined for the then most recently ended period of four consecutive fiscal quarters, to
be less than 1.1 to 1.0.

ARTICLE 2.

REPRESENTATIONS

The Loan Parties represent and warrant to the Lenders and Administrative Agent that:

2.1 The execution, delivery and performance of this Amendment are within its powers and have
been duly authorized by it. This Amendment is the legal, valid and binding obligation of it,
enforceable against it in accordance with the terms hereof, 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.

2.2 After giving effect to the amendments herein contained, the representations and warranties
contained in the Credit Agreement and the representations and warranties contained in the other
Loan Documents are true in all material respects on and as of the date hereof with the same force
and effect as if made on and as of the date hereof (or, if any such representation or warranty is
expressly stated to have been made as of a specific date, as of such specific date), and no Default
or Event of Default exists or has occurred and is continuing on the date hereof.

 

 

 

ARTICLE 3.

CONDITIONS PRECEDENT.

This Amendment shall be effective when each of the following conditions is satisfied:

3.1 This Amendment shall be executed by each of the Loan Parties, the Lenders and the
Administrative Agent.

ARTICLE 4.

MISCELLANEOUS.

4.1 References in the Credit Agreement or in any other Loan Document to the Credit Agreement
shall be deemed to be references to the Credit Agreement as amended hereby and as further amended
from time to time.

4.2 Except as expressly amended hereby, each of the Loan Parties agree that the Loan Documents
are ratified and confirmed and shall remain in full force and effect and that it has no set off,
counterclaim, defense or other claim or dispute with respect to any of the foregoing. This
Amendment is a Loan Document terms used but not defined herein shall have the respective meanings
ascribed thereto in the Credit Agreement.

4.3 This Amendment may be signed upon any number of counterparts with the same effect as if
the signatures thereto and hereto were upon the same instrument, and signatures sent by telecopy or
electronic mail message shall be enforceable as originals.

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

	 	 	 	 	 	 	 
	 	 	TECUMSEH PRODUCTS COMPANY	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: /s/ J. Lynn Dennison	 	 
	 

	 	 	 	Title: Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	TECUMSEH PRODUCTS OF CANADA, LIMITED	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: /s/ Harvey E. Lear	 	 
	 

	 	 	 	Title: President and General Manager	 	 
	 
	 	 	 	 	 	 
	 	 	TECUMSEH COMPRESSOR COMPANY	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: /s/ J. Lynn Dennison	 	 
	 

	 	 	 	Title: Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	VON WEISE USA, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: /s/ J. Lynn Dennison	 	 
	 

	 	 	 	Title: Secretary	 	 

 

2

 

	 	 	 	 	 	 	 
	 	 	DATA DIVESTCO, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: /s/ J. Lynn Dennison	 	 
	 

	 	 	 	Title: Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	EVERGY, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: /s/ J. Lynn Dennison	 	 
	 

	 	 	 	Title: Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	TECUMSEH TRADING COMPANY	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: /s/ J. Lynn Dennison	 	 
	 

	 	 	 	Title: Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK, N.A., individually, as 

Administrative Agent, Issuing Bank and Swingline Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name: /s/ Matthew A. Brewer	 	 
	 

	 	 	 	Title: Assistant Vice President	 	 

 

3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}]]