Document:

exv10w5

 

Exhibit 10.5

EXECUTION COPY

AMENDMENT NO. 4 TO THE

CREDIT AGREEMENT

          Dated as of April 25, 2008

                    AMENDMENT NO. 4 TO THE CREDIT AGREEMENT among DEL MONTE CORPORATION, a Delaware corporation
(the “Borrower”), DEL MONTE FOODS COMPANY, a Delaware corporation (“Holdings”), each lender from
time to time party thereto (collectively, the “Lenders” and individually, a “Lender”), and BANK OF
AMERICA, N.A., as administrative agent (the “Administrative Agent”) for the Lenders.

                    PRELIMINARY STATEMENTS:

                    (1)     The Borrower, Holdings, the Lenders, Bank of America, N.A., as Administrative Agent, Swing
Line Lender and L/C Issuer, Lehman Commercial Paper Inc. and Goldman Sachs Credit Partners L.P, as
Co-Syndication Agents, and Harris Trust and Savings Bank and Suntrust Bank, as Co-Documentation
Agents, have entered into a Credit Agreement dated as of February 8, 2005 (as amended by Amendment
No. 1 dated as of January 20, 2006, Amendment No. 2 dated as of May 19, 2006, and Amendment No. 3
dated as of August 15, 2006, the “Credit Agreement”). Capitalized terms not otherwise
defined in this Amendment have the same meanings as specified in the Credit Agreement.

                    (2)     The Borrower and the Required Lenders have agreed to amend the Credit Agreement as
hereinafter set forth.

                    SECTION 1.  Amendments to Credit Agreement. Effective as of the date first written
above, the Credit Agreement is, subject to the satisfaction of the conditions precedent set forth
in Section 2, hereby amended as follows:

          (a)     The definition of “Additional Fee Letters” is hereby amended in its
entirety to read as follows: “Additional Fee Letters” means, collectively, the
Additional Fee Letter, the Additional Term B-3 Fee Letter and that certain Fee Letter dated
as of April 25, 2008 from Bank of America to the Borrower in respect of that certain
Amendment No. 4 to the Credit Agreement, dated as of April 25, 2008, by and among the
Borrower, Holdings, each of the Lenders party thereto and the Administrative Agent.

          (b) Section 2.05(b)(i)(A) is hereby amended in its entirety to read as follows:

“     (A) with respect to any such Disposition that is consummated (1) on or prior to
July 30, 2006 (a “2006 Disposition”) or (2) pursuant to a definitive
agreement entered into by Holdings or any of its Subsidiaries on or after April 1,
2008 but prior to December 31, 2008 (a “2008 Disposition”) and which in
either case, results in the realization by Holdings or such Subsidiary of Net Cash
Proceeds (determined as of the date of consummation of such Disposition,

 

whether or
not such Net Cash Proceeds are then received by Holdings or such Subsidiary, but
with the amount of any such Net Cash Proceeds attributable to any time period after
the consummation of such Disposition with respect to such Disposition to be
determined by an estimate made in good faith by a Responsible Officer) in excess of
(x) with respect to a 2006 Disposition, $50,000,000 and (y) with respect to a 2008
Disposition, $100,000,000 (any such Disposition as described in this Section
2.05(b)(i)(A), a “Major Disposition”), the Borrower shall prepay
substantially contemporaneously with the consummation of such Major Disposition
pursuant to this Section 2.05(b)(i)(A) an aggregate principal amount of
Loans equal to (x) in the case of a 2006 Disposition, 20% of, and (y) in the case of
a 2008 Disposition, 100% of, the Net Cash Proceeds received by Holdings or its
Subsidiaries upon the consummation of such Major Disposition; provided that (x) any
Net Cash Proceeds remaining after the prepayments required to be made pursuant to
the foregoing may be used at the discretion of Holdings or the applicable Subsidiary
for general corporate purposes not in contravention of any Law or Loan Document
(including, without limitation, the making of any Restricted Payment not in
contravention of Section 7.06 hereof) and (y) in the case of any Major
Disposition permitted by Section 7.05(k), (I) any such prepayment only shall
be required to be made within 180 days of the date of the Disposition, and (II) the
amount required to be prepaid pursuant to this Section 2.05(b)(i)(A) with
respect to such Disposition permitted by Section 7.05(k) shall be 50% of the
first $200,000,000 of Net Cash Proceeds therefrom and 100% of all Net Cash Proceeds
in excess of $200,000,000 received therefrom;”

          (c)     Section 7.04 of the Credit Agreement is amended by replacing “.” at the end
of clause (d) with “; and” and adding a new clause (e) to read in full as
follows:

“     (e)     in connection with any Disposition permitted under Section 7.05(j),
any Subsidiary of the Borrower may merge or consolidate with any other Person (with
either such Subsidiary or such other Person being the surviving entity with respect
to such merger or consolidation); provided that the Person surviving such merger or
consolidation shall after such merger or consolidation not be an Affiliate of
Holdings; and any such merger or consolidation shall be deemed to be a disposition
subject to the release provisions in respect of Collateral pursuant to Section
26 of the Security Agreement.”

          (d)     Clause (j) of Section 7.05 of the Credit Agreement is amended to
read in full as follows:

“(j)     Dispositions by the Borrower and its Subsidiaries not otherwise
permitted under this Section 7.05 for fair market value;
provided that (i) at the time of such Disposition, no Default shall
exist or would result from such Disposition; (ii) the Borrower would be in
compliance with Section 7.10 as of the most recently completed
Measurement Period ending prior to such Disposition for which the financial
statements and certificates required by Section 6.01(a) or
6.01(b), as applicable, were required to be
delivered, after giving pro forma effect to such Disposition and the

 

application of any proceeds thereof (including, without limitation, the
application of any such proceeds to the repayment of Indebtedness) as if
such Disposition and application of the proceeds therefrom had occurred as
of the first day of such Measurement Period; and (iii) at least 75% of the
purchase price for such asset shall be paid to the Borrower or such
Subsidiary in cash or Cash Equivalents (which determination of cash or Cash
Equivalents shall be deemed to include any Designated Noncash Consideration
(as defined in the New Subordinated Notes Indenture as in effect as of the
date of this Agreement)); provided that up to $10,000,000 per fiscal year in
fair market value of property disposed of in reliance on this clause
(j) may be disposed of for less than fair market value or for
consideration other than 75% cash or Cash Equivalents; provided further,
that the fair market value of any property disposed of in reliance on this
clause (j) for which no portion of the consideration is paid in cash
or Cash Equivalents shall not exceed $2,000,000 for any single transaction
or series of related transactions; and”

          (e)     Section 7.10 of the Credit Agreement is hereby amended to read in full as
follows:

          “SECTION 7.10     Financial Covenants. (a) Total Debt Ratio.
Permit the Total Debt Ratio for any Measurement Period set forth below to be greater
than the ratio set forth below opposite such period:

	 	 	 	 	 	 
	 	Four Fiscal Quarters Ending

	 	 	Maximum Total Debt Ratio	 
	 	Amendment No. 2 Effective 

Date through January
25, 2009

	 	 	5.25:1.00	 
	 	May 3, 2009 through January 
31, 2010

	 	 	4.75:1.00	 
	 	May 2, 2010 through January

30, 2011

	 	 	4.25:1.00	 
	 	May 1, 2011 and thereafter

	 	 	3.75:1.00	 
	 

          (b)     Fixed Charge Coverage Ratio. Permit the Fixed Charge Coverage
Ratio for any Measurement Period to be less than 1.15:1.00.”

                    SECTION 2.  Conditions of Effectiveness. This Amendment shall become effective as of
the date first written above when, and only when, on or before April 30, 2008: (i) the
Administrative Agent and the Borrower shall have received (A) counterparts of this Amendment
executed by the Borrower and the Required
Lenders and acknowledged by the Administrative Agent, (B) the consent attached hereto executed
by each Guarantor, and (C) a

 

counterpart of that certain fee letter, dated as of the date hereof
(the “Fee Letter”), executed by the Borrower and the Administrative Agent; and (ii) the
Borrower shall have paid all fees set forth in the Fee Letter and the reasonable and documented
expenses (including the reasonable fees and expenses of Shearman & Sterling LLP) incurred by the
Administrative Agent in connection with the preparation, negotiation and execution of this
Amendment. This Amendment is subject to the provisions of Section 11.01 of the Credit
Agreement.

                    SECTION 3.  Reference to and Effect on the Credit Agreement and the Loan Documents.
(a) On and after the effectiveness of this Amendment, each reference in the Credit Agreement to
“this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement,
and each reference in the Notes and each of the other Loan Documents to “the Credit Agreement”,
“thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and
be a reference to the Credit Agreement, as amended by this Amendment.

                    (b) The Credit Agreement, the Notes and each of the other Loan Documents, as specifically
amended by this Amendment, are and shall continue to be in full force and effect and are hereby in
all respects ratified and confirmed. Without limiting the generality of the foregoing, the
Collateral Documents and all of the Collateral described therein do and shall continue to secure
the payment of all Obligations of the Loan Parties under the Loan Documents, in each case as
amended by this Amendment.

                    SECTION 4.  Costs and Expenses The Borrower agrees to pay on demand all costs and
expenses of the Administrative Agent in connection with the preparation, execution, delivery and
administration, modification and amendment of this Amendment and the other instruments and
documents to be delivered hereunder (including, without limitation, the reasonable fees and
expenses of counsel for the Administrative Agent) in accordance with the terms of Section
11.04 of the Credit Agreement.

                    SECTION 5.  Execution in Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and all of which taken together shall constitute but one
and the same agreement. Delivery of an executed counterpart of a signature page to this Amendment
by telecopier shall be effective as delivery of a manually executed counterpart of this Amendment.

                    SECTION 6.  Governing Law. This Amendment shall be governed by, and construed in
accordance with, the laws of the State of New York.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

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

	 	 	 	 	 
	 	DEL MONTE CORPORATION

 	 
	 	By    	/s/ David L. Meyers
 	 
	 	 	Name:  	David L. Meyers 	 
	 	 	Title: Executive Vice President,
Administration
and Chief Financial Officer 	 
	

 
	 	DEL MONTE FOODS COMPANY

 	 
	 	By  	/s/ David L. Meyers
 	 
	 	 	Name:  	David L. Meyers 	 
	 	 	Title: Executive Vice President,
Administration
and Chief Financial Officer 	 
	 

 

	 	 	 	 	 
	 	
BANK OF AMERICA, N.A.,

as Administrative Agent and as Lender

 	 
	 	By   	/s/ Michael Delaney
 	 
	 	 	Title: Vice President 	 
	 	 	 	 
	 

 

	 	 	 	 	 
	 	1ST FARM CREDIT SERVICES, PCA, as Lender

 	 
	 	By: 	   /s/ Dale Richardson
 	 
	 	 	Name: 	Dale Richardson 	 
	 	 	Title: 	VP, Illinois Capital Markets Group 	 
	 
	 
	 
	 
	 	ABCLO 2007-1 LTD, as Lender

By: Alliance Bernstein L.P., as investment advisor

 	 
	 	By: 	   /s/ Michael E. Sohr
 	 
	 	 	Name: 	Michael E. Sohr 	 
	 	 	Title: 	Investment Officer 	 
	 
	 
	 
	 
	 	AGFIRST FARM CREDIT BANK, as Lender

 	 
	 	By: 	   /s/
Steven J. O’Shea
 	 
	 	 	Name: 	Steven J. O’Shea 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 
	 	AGSTAR FINANCIAL SERVICES, PCA, as 
Lender

 	 
	 	By: 	   /s/ Troy Mostaert
 	 
	 	 	Name: 	Troy Mostaert 	 
	 	 	Title: 	Vice President 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	AIB DEBT MANAGEMENT, LIMITED, as Lender

 	 
	 	By: 	   /s/
Roisin O’Connell
 	 
	 	 	Name: 	Roisin O’Connell 	 
	 	 	Title: 	Vice President, Investment Advisor to
 AIB
Debt Management Limited 
	 
	 
	 	 	 
	 	By: 	   /s/ Keith Hamilton
 	 
	 	 	Name: 	Keith Hamilton 	 
	 	 	Title: 	Assistant Vice President, Investment

Advisor to AIB Debt Management 
Limited 	 
	 
	 
	 
	 
	 	ALLIED IRISH BANKS, P.L.C., as Lender

 	 
	 	By: 	   /s/ Roisin O’Connell
 	 
	 	 	Name: 	Roisin O’Connell 	 
	 	 	Title: 	Vice President, Investment Advisor to
 AIB
Debt Management Limited 	 
	 
	 	 	 
	 	By: 	   /s/ Keith Hamilton
 	 
	 	 	Name: 	Keith Hamilton 	 
	 	 	Title: 	Assistant Vice President, Investment

Advisor to AIB Debt Management 
Limited 	 
	 
	 
	 
	 
	 	AMERICAN AGCREDIT, PCA, as Lender

 	 
	 	By: 	   /s/ Gary Van Schuyver
 	 
	 	 	Name: 	Gary Van Schuyver 	 
	 	 	Title: 	Vice President
 	 

 

	 	 	 	 	 

	 	 	 	 	 
	 	AMMC CLO VI, LIMITED, as Lender

By: American Money Management Corp., as 
Collateral
Manager

 	 
	 	By: 	   /s/ Chester M. Eng
 	 
	 	 	Name: 	Chester M. Eng 	 
	 	 	Title: 	Senior Vice President 	 
	 
	 
	 
	 	ARCHIMEDES FUNDING IV (CAYMAN), LTD., 
as Lender

By: West Gate Horizons Advisors LLC, as Collateral

Manager

 	 
	 	By: 	   /s/ Heidimarie Skor
 	 
	 	 	Name: 	Heidimarie Skor 	 
	 	 	Title: 	Senior Credit Analyst 	 
	 
	 
	 
	 
	 	BADGERLAND FARM CREDIT SERVICES, 
ACA a/k/a BADGERLAND
FCS, ACA, as Lender

 	 
	 	By: 	   /s/ Kenneth H. Rue
 	 
	 	 	Name: 	Kenneth H. Rue 	 
	 	 	Title: 	Vice President, Capital Markets 	 
	 
	 
	 
	 
	 	BALLANTYNE FUNDING LLC, as Lender

 	 
	 	By: 	   /s/ Jonathan Barnes
 	 
	 	 	Name: 	Jonathan Barnes 	 
	 	 	Title: 	Vice President
 	 

 

	 	 	 	 	 

	 	 	 	 	 
	 	BANK OF HAWAII, as Lender

 	 
	 	By: 	   /s/ Steven Nakahara
 	 
	 	 	Name: 	Steven Nakahara 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 	BANK OF MONTREAL, as Lender

By: HIM Monegy, Inc., as Agent

 	 
	 	By: 	   /s/ Jason Anderson
 	 
	 	 	Name: 	Jason Anderson 	 
	 	 	Title: 	Associate 	 
	 
	 
	 
	 
	 	BANK OF NEW YORK, as Lender

 	 
	 	By: 	   /s/ G. Louis Ashley
 	 
	 	 	Name: 	G. Louis Ashley 	 
	 	 	Title: 	Senior Vice President 	 
	 
	 
	 
	 
	 	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
 NEW YORK
BRANCH, as Lender

 	 
	 	By: 	   /s/ Karen A. Brinkman
 	 
	 	 	Name: 	Karen A. Brinkman 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 
	 	BARCLAYS BANK, PLC, as Lender

 	 
	 	By: 	   /s/ Jason Moynihan
 	 
	 	 	Name: 	Jonathan Moynihan 	 
	 	 	Title: 	Head of U.S. Loan Trading
 	 

 

	 	 	 	 	 

	 	 	 	 	 
	 	BAYERISCHE LANDESBANK, NEW YORK 
BRANCH, as Lender

 	 
	 	By: 	   /s/ Georginia Fiordalisi, CFA

 	 
	 	 	Name: 	Georgina Fiordalisi, CFA 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 	 	 
	 	By: 	   /s/ Stuart Schulman
 	 
	 	 	Name: 	Stuart Schulman 	 
	 	 	Title: 	Senior Vice President 	 
	 
	 
	 
	 	BLACKROCK SENIOR INCOME SERIES, as 
Lender

 	 
	 	By: 	   /s/ Anthony Heyman
 	 
	 	 	Name: 	Anthony Heyman 	 
	 	 	Title: 	Director 	 
	 
	 
	 
	 
	 	BLACKROCK SENIOR INCOME SERIES II, as 
Lender

 	 
	 	By: 	   /s/ Anthony Heyman
 	 
	 	 	Name: 	Anthony Heyman 	 
	 	 	Title: 	Director 	 
	 
	 
	 
	 
	 	BLACKROCK SENIOR INCOME SERIES IV, as
 Lender

 	 
	 	By: 	   /s/ Anthony Heyman
 	 
	 	 	Name: 	Anthony Heyman 	 
	 	 	Title: 	Director
 	 

 

	 	 	 	 	 

	 	 	 	 	 
	 	BLACKROCK SENIOR INCOME SERIES V 
(F/K/A GRANITE
FINANCE LIMITED), as Lender

 	 
	 	By: 	   /s/ Anthony Heyman
 	 
	 	 	Name: 	Anthony Heyman 	 
	 	 	Title: 	Director 	 
	 
	 
	 
	 	MAGNETITE V CLO, as Lender

 	 
	 	By: 	   /s/ Anthony Heyman
 	 
	 	 	Name: 	Anthony Heyman 	 
	 	 	Title: 	Director 	 
	 
	 
	 
	 
	 	BNP PARIBAS, as Lender

 	 
	 	By: 	   /s/ Katherine Wolfe
 	 
	 	 	Name: 	Katherine Wolfe 	 
	 	 	Title: 	Managing Director 	 
	 
	 
	 	 	 
	 	By: 	   /s/ Sandy Bertram
 	 
	 	 	Name: 	Sandy Bertram 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 
	 	BOSTON HARBOR CLO 2004-1, as Lender

 	 
	 	By: 	   /s/ Beth Mazor
 	 
	 	 	Name: 	Beth Mazor 	 
	 	 	Title: 	Vice President 	 
	 

 

	 	 	 	 	 
	 	CALYON, NEW YORK BRANCH, as Lender

 	 
	 	By: 	   /s/ Greg Hennenfent
 	 
	 	 	Name: 	Greg Hennenfent 	 
	 	 	Title: 	Director 	 
	 
	 	 	 
	 	By: 	                   /s/ Joseph Philbin
 	 
	 	 	Name: 	Joseph Philbin 	 
	 	 	Title: 	Director 	 
	 
	 
	 
	 
	 	CAPITAL FARM CREDIT, as Lender

 	 
	 	By: 	   /s/ Robert P. Abbott
 	 
	 	 	Name: 	Robert P. Abbott 	 
	 	 	Title: 	President Corporate Lending 	 
	 
	 
	 
	 
	 	CAPITAL ONE LEVERAGE FINANCE 
CORPORATION, as Lender

 	 
	 	By: 	   /s/ Ron Walker
 	 
	 	 	Name: 	Ron Walker 	 
	 	 	Title: 	VP 	 
	 
	 
	 
	 
	 	CARLYLE HIGH YIELD PARTNERS IV, LTD., as Lender

 	 
	 	By: 	   /s/ Linda Pace
 	 
	 	 	Name: 	Linda Pace 	 
	 	 	Title: 	Managing Director 	 
	 

 

	 	 	 	 	 
	 	CARLYLE HIGH YIELD PARTNERS VI, LTD., as Lender

 	 
	 	By: 	   /s/ Linda Pace
 	 
	 	 	Name: 	Linda Pace 	 
	 	 	Title: 	Managing Director 	 
	 
	 
	 
	 
	 	CITIBANK, N.A., as Lender

 	 
	 	By: 	   /s/ Alicia Beal
 	 
	 	 	Name: 	Alicia Beal 	 
	 	 	Title: 	Attorney-in-Fact 	 
	 
	 
	 
	 
	 	CITICORP USA INC, as Lender

 	 
	 	By: 	   /s/ Robert Marcus
 	 
	 	 	Name: 	Robert Marcus 	 
	 	 	Title: 	Managing Director 	 
	 
	 
	 
	 
	 	COBANK, ACB, as Lender

 	 
	 	By: 	   /s/ Jeffrey C. Norte
 	 
	 	 	Name: 	Jeffrey C. Norte 	 
	 	 	Title: 	Vice President 	 
	 

 

	 	 	 	 	 
	 	COMERICA WEST INCORPORATED, as Lender

 	 
	 	By: 	   /s/ Steve D. Clear
 	 
	 	 	Name: 	Steve D. Clear 	 
	 	 	Title: 	Assistant Vice President 	 
	 
	 
	 
	 
	 	COMMERZBANK AG, NEW YORK AND 
GRAND CAYMAN BRANCHES, as
Lender

 	 
	 	By: 	   /s/ Christian Jagenberg
 	 
	 	 	Name: 	Christian Jagenberg 	 
	 	 	Title: 	SVP and Manager 	 
	 
	 	 	 
	 	By: 	                   /s/ Matthew Havens
 	 
	 	 	Name: 	Matthew Havens 	 
	 	 	Title: 	Assistant Treasurer 	 
	 
	 
	 
	 
	 	CREDIT SUISSE INTERNATIONAL, as Lender

 	 
	 	By: 	   /s/ Melanie Harries
 	 
	 	 	Name: 	Melanie Harries 	 
	 	 	Title: 	Assistant Vice President 	 
	 
	 
	 
	 
	 	DENALI CAPITAL CLO V, LTD., or an affiliate, as 
Lender

By: Denali Capital LLC, managing member of DC Funding

Partners LLC, its portfolio manager

 
	 	By: 	   /s/ Kelli C. Marti
 	 
	 	 	Name: 	Kelli C. Marti 	 
	 	 	Title: 	Senior Vice President 	 
	 

 

	 	 	 	 	 
	 	DENALI CAPITAL CLO VI, LTD., or an affiliate, 
as
Lender

By: Denali Capital LLC, managing member of DC Funding

Partners LLC, its portfolio manager

 
	 	By: 	   /s/ Kelli C. Marti
 	 
	 	 	Name: 	Kelli C. Marti 	 
	 	 	Title: 	Senior Vice President 	 
	 
	 
	 
	 
	 	DENALI CAPITAL CLO VII, LTD., or an affiliate, 
as
Lender

By: Denali Capital LLC, managing member of DC Funding

Partners LLC, its portfolio manager

 
	 	By: 	   /s/ Kelli C. Marti
 	 
	 	 	Name: 	Kelli C. Marti 	 
	 	 	Title: 	Senior Vice President 	 
	 
	 
	 
	 
	 	DEUTSCHE BANK AG NEW YORK BRANCH, as Lender

By: DB Services New Jersey, Inc.

 	 
	 	By: 	   /s/ Edward Schaffer
 	 
	 	 	Name: 	Edward Schaffer 	 
	 	 	Title: 	Vice President 	 
	 	 	 
	 	By: 	                     /s/ Deirdre Whorton
 	 
	 	 	Name: 	Deirdre Whorton 	 
	 	 	Title: 	Assistant Vice President 	 
	 

 

	 	 	 	 	 
	 	EATON VANCE CDO VIII, LTD., as Lender

By: Eaton Vance Management, as Investment Advisor

 	 
	 	By: 	   /s/ Michael B. Botthof
 	 
	 	 	Name: 	Michael B. Botthof 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 
	 	EATON VANCE CDO IX, LTD., as Lender

By: Eaton Vance Management, as Investment Advisor

 	 
	 	By: 	   /s/ Michael B. Botthof
 	 
	 	 	Name: 	Michael B. Botthof 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 
	 	EATON VANCE INSTITUTIONAL SENIOR 
LOAN FUND, as Lender

By: Eaton Vance Management, as Investment Advisor

 	 
	 	By: 	   /s/ Michael B. Botthof
 	 
	 	 	Name: 	Michael B. Botthof 	 
	 	 	Title: 	Vice President 	 
	 

 

	 	 	 	 	 
	 	ERSTE BANK DER OESTERREICHISCHEN 
SPARKASSEN AG, as
Lender

 	 
	 	By: 	   /s/ Bryan J. Lynch
 	 
	 	 	Name: 	Bryan J. Lynch 	 
	 	 	Title: 	Managing Director 	 
	 	 	 
	 	By: 	                   /s/ Robert R. Suehnholz
 	 
	 	 	Name: 	Robert R. Suehnholz 	 
	 	 	Title: 	First Vice President 	 
	 
	 
	 
	 
	 	ESB BANK, as Lender

 	 
	 	By: 	   /s/ Todd F. Palkovich
 	 
	 	 	Name: 	Todd F. Palkovich 	 
	 	 	Title: 	Group Senior Vice President, Lending 	 
	 
	 
	 
	 
	 	Fall Creek CLO, Ltd., as Lender

 	 
	 	By: 	   /s/ Eduardo Piedra
 	 
	 	 	Name: 	Eduardo Piedra 	 
	 	 	Title: 	Authorized Signatory 	 
	 
	 
	 
	 
	 	FARM CREDIT BANK OF TEXAS, as Lender

 	 
	 	By: 	   /s/ Luis M. H. Requejo
 	 
	 	 	Name: 	Luis M. H. Requejo 	 
	 	 	Title: 	Managing Director Capital Markets 	 
	 

 

	 	 	 	 	 
	 	FARM CREDIT SERVICES OF AMERICA, PCA,
 as Lender

 	 
	 	By: 	   /s/ Curt Brown
 	 
	 	 	Name: 	Curt Brown 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 
	 	FARM CREDIT SERVICES OF MID-AMERICA,
 PCA, as Lender

 	 
	 	By: 	   /s/ Ralph M. Bowman
 	 
	 	 	Name: 	Ralph M. Bowman 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 
	 	FARM CREDIT WEST, PCA, as Lender

 	 
	 	By: 	   /s/ Ben Madonna
 	 
	 	 	Name: 	Ben Madonna 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 
	 	FCS FINANCIAL, PCA, f/k/a FARM CREDIT
 SERVICES OF
MISSOURI, PCA, as Lender

 	 
	 	By: 	   /s/ Sean Unterreiner
 	 
	 	 	Name: 	Sean Unterreiner 	 
	 	 	Title: 	Senior Lending Officer
 	 

 

	 	 	 	 	 

	 	 	 	 	 
	 	FIDELITY ADVISOR SERIES II: FIDELITY
 ADVISOR FLOATING
RATE HIGH INCOME
 FUND, PCA, as Lender

 	 
	 	By: 	   /s/ Paul Murphy
 	 
	 	 	Name: 	Paul Murphy 	 
	 	 	Title: 	Assistant Treasurer 	 
	 
	 
	 
	 
	 	FIFTH THIRD BANK, as Lender

 	 
	 	By: 	   /s/ Sean Devillers
 	 
	 	 	Name: 	Sean Devillers 	 
	 	 	Title: 	Assistant Vice President 	 
	 
	 
	 
	 
	 	FIRST NATIONAL BANK OF PENNSYLVANIA,
 as Lender

 	 
	 	By: 	   /s/ Kara B. Beresh
 	 
	 	 	Name: 	Kara B. Beresh 	 
	 	 	Title: 	Assistant Vice President 	 
	 
	 
	 
	 
	 	FIRST PIONEER FARM CREDIT, ACA, as Lender

 	 
	 	By: 	   /s/ James M. Papai
 	 
	 	 	Name: 	James M. Papai 	 
	 	 	Title: 	Vice President
 	 

 

	 	 	 	 	 

	 	 	 	 	 
	 	FIRSTRUST BANK, as Lender

 	 
	 	By: 	   /s/ Ellen Frank
 	 
	 	 	Name: 	Ellen Frank 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 
	 	FORTIS CAPITAL CORP., as Lender

 	 
	 	By: 	   /s/ Stephen R. Staples
 	 
	 	 	Name: 	Stephen R. Staples 	 
	 	 	Title: 	Director 	 
	 
	 	 	 
	 	By: 	   /s/ Ilene Fowler
 	 
	 	 	Name: 	Ilene Fowler 	 
	 	 	Title: 	Director 	 
	 
	 
	 
	 
	 	FRANKLIN CLO IV, LIMITED, as Lender

 	 
	 	By: 	   /s/ Alex Guang Yu
 	 
	 	 	Name: 	Alex Guang Yu 	 
	 	 	Title: 	Authorized Signatory 	 
	 
	 
	 
	 
	 	FRANKLIN CLO V, LIMITED, as Lender

 	 
	 	By: 	   /s/ Alex Guang Yu
 	 
	 	 	Name: 	Alex Guang Yu 	 
	 	 	Title: 	Authorized Signatory
 	 

 

	 	 	 	 	 

	 	 	 	 	 
	 	FRANKLIN FLOATING RATE DAILY ACCESS
 FUND, as Lender

 	 
	 	By: 	   /s/ Richard Hsu
 	 
	 	 	Name: 	Richard Hsu 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 
	 	FRANKLIN TEMPLETON SERIES II FUNDS
 FRANKLIN FLOATING
RATE II FUND, as
 Lender

 	 
	 	By: 	   /s/ Richard Hsu
 	 
	 	 	Name: 	Richard Hsu 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 
	 	FRESNO-MADERA PRODUCTION CREDIT ASSOCIATION, as Lender

 	 
	 	By: 	   /s/ Robert J. Kratz
 	 
	 	 	Name: 	Robert J. Kratz 	 
	 	 	Title: 	SVP and Chief Credit Officer 	 
	 
	 
	 
	 
	 	GALAXY VI CLO, Ltd., as Lender

By: AIG Global Investment Corp., its Collateral 

Manager

 	 
	 	By: 	   /s/ W. Jeffrey Baxter
 	 
	 	 	Name: 	W. Jeffrey Baxter 	 
	 	 	Title: 	Managing Director
 	 

 

	 	 	 	 	 

	 	 	 	 	 
	 	GALAXY VII CLO, Ltd., as Lender

By: AIG Global Investment Corp., its Collateral 

Manager

 	 
	 	By: 	   /s/ W. Jeffrey Baxter
 	 
	 	 	Name: 	W. Jeffrey Baxter 	 
	 	 	Title: 	Managing Director 	 
	 
	 
	 
	 
	 	GALAXY VIII CLO, Ltd., as Lender

By: AIG Global Investment Corp., its Collateral 

Manager

 	 
	 	By: 	   /s/ W. Jeffrey Baxter
 	 
	 	 	Name: 	W. Jeffrey Baxter 	 
	 	 	Title: 	Managing Director 	 
	 
	 
	 
	 
	 	GE CFS LOAN HOLDING 2006-2 LLC, as Lender

By: GECC, as Administrator

 	 
	 	By: 	   /s/ Dwayne Coker
 	 
	 	 	Name: 	Dwayne Coker 	 
	 	 	Title: 	Duly Authorized Signatory 	 
	 
	 
	 
	 
	 	GE CFS LOAN HOLDING 2006-3 LLC, as Lender

By: GECC, as Administrator

 	 
	 	By: 	   /s/ Dwayne Coker
 	 
	 	 	Name: 	Dwayne Coker 	 
	 	 	Title: 	Duly Authorized Signatory
 	 

 

	 	 	 	 	 

	 	 	 	 	 
	 	GE COMMERCIAL LOAN HOLDING LLC,
 as Lender

By: GECC, as Administrator

 	 
	 	By: 	   /s/ Dwayne Coker
 	 
	 	 	Name: 	Dwayne Coker 	 
	 	 	Title: 	Duly Authorized Signatory 	 
	 
	 
	 
	 
	 	GENERAL ELECTRIC CAPITAL
 CORPORATION, as Lender

 	 
	 	By: 	   /s/ Dwayne Coker
 	 
	 	 	Name: 	Dwayne Coker 	 
	 	 	Title: 	Duly Authorized Signatory 	 
	 
	 
	 
	 
	 	GENERAL ELECTRIC PENSION TRUST, as
 Lender

By: GE Asset Management Inc., as Collateral Manager

 	 
	 	By: 	   /s/ John Campos
 	 
	 	 	Name: 	John Campos 	 
	 	 	Title: 	Authorized Signatory 	 
	 
	 
	 
	 
	 	GENESIS CLO 2007-1 LTD., as Lender

 	 
	 	By: 	   /s/ Claude A. Baum, Esq.
 	 
	 	 	Name: 	Claude A. Baum, Esq. 	 
	 	 	Title: 	General Counsel, Orehill Partners LLC
 	 
	 

 

	 	 	 	 	 
	 	GOLDMAN SACHS CREDIT PARTNERS L.P., as 
Lender

 	 
	 	By: 	   /s/ John Makrinos
 	 
	 	 	Name: 	John Makrinos 	 
	 	 	Title: 	Authorized Signatory 	 
	 
	 
	 
	 
	 	THE GOVERNOR AND COMPANY OF THE 
BANK OF IRELAND, as
Lender

 	 
	 	By: 	   /s/ Judy McMullan, Deirdre Reddan
 	 
	 	 	Name: 	Judy McMullan, Deirdre Reddan 	 
	 	 	Title: 	Authorized Signatories 	 
	 
	 
	 
	 
	 	GREENSTONE FARM CREDIT SERVICES,
 ACA/FLCA, as Lender

 	 
	 	By: 	   /s/ Alfred S. Compton, Jr.
 	 
	 	 	Name: 	Alfred S. Compton, Jr. 	 
	 	 	Title: 	VP/Managing Director 	 
	 
	 
	 
	 
	 	GUARANTY BANK, as Lender

 	 
	 	By: 	   /s/ Jeremy Jackson
 	 
	 	 	Name: 	Jeremy Jackson 	 
	 	 	Title: 	Vice President
 	 

 

	 	 	 	 	 

	 	 	 	 	 
	 	HARRIS N.A. (successor by merger to Harris Trust 
and
Saving Bank) as Co-Documentation Agent and 
as Lender

 	 
	 	By: 	   /s/ Shane Koonee
 	 
	 	 	Name: 	Shane Koonee 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 
	 
	 
	 	ISRAEL DISCOUNT BANK OF NEW YORK, as
 Lender

 	 
	 	By: 	   /s/ George Ahlmeyer
 	 
	 	 	Name: 	George Ahlmeyer 	 
	 	 	Title: 	S.V.P. 	 
	 
	 
	 	 	 
	 	By: 	   /s/ Michael M. Diamond
 	 
	 	 	Name: 	Michael M. Diamond 	 
	 	 	Title: 	V.P. 	 
	 
	 
	 
	 
	 	JACKSON NATIONAL LIFE INSURANCE 
COMPANY, as Lender

By: PPM America Inc., as Attorney-in-fact

 	 
	 	By: 	   /s/ Eddie Hebert
 	 
	 	 	Name: 	Eddie Hebert 	 
	 	 	Title: 	Assistant Vice President
 	 

 

	 	 	 	 	 

	 	 	 	 	 
	 	JERSEY STREET CLO, LTD., as Lender

By: Massachusetts Financial Services Company

(JLX), its Collateral Manager

 	 
	 	By: 	   /s/ David Cobey
 	 
	 	 	Name: 	David Cobey 	 
	 	 	Title: 	Investment Officer 	 
	 
	 
	 
	 
	 	JP MORGAN CHASE BANK, N.A., as Lender

 	 
	 	By: 	   /s/ Tony Yung
 	 
	 	 	Name: 	Tony Yung 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 
	 	KATONAH X CLO LTD., as Lender

 	 
	 	By: 	   /s/ Daniel Gilligan
 	 
	 	 	Name: 	Daniel Gilligan 	 
	 	 	Title: 	Authorized Officer, Katonah Debt 
Advisors,
L.L.C. as Manager 	 
	 
	 
	 
	 
	 	KBC BANK, N.V., as Lender

 	 
	 	By: 	   /s/ William Cavanaugh
 	 
	 	 	Name: 	William Cavanaugh 	 
	 	 	Title: 	Vice President 	 
	 	 	 
	 	By: 	  /s/ Thomas G. Jackson
 	 
	 	 	Name: 	Thomas G. Jackson 	 
	 	 	Title: 	First Vice President
 	 

 

	 	 	 	 	 

	 	 	 	 	 
	 	KC CLO II PLC, as Lender

 	 
	 	By: 	   /s/ Melanie Harries
 	 
	 	 	Name: 	Melanie Harries 	 
	 	 	Title: 	Assistant Vice President 	 
	 
	 
	 
	 
	 	KEYSTONE NAZARETH BANK & TRUST
 COMPANY, a division of
NATIONAL PENN 
BANK, as Lender

 	 
	 	By: 	   /s/ Kevin D. Brown
 	 
	 	 	Name: 	Kevin D. Brown 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 
	 
	 	LEHMAN COMMERCIAL PAPER INC., as Lender

 	 
	 	By: 	   /s/ Ritman Bhalla
 	 
	 	 	Name: 	Ritman Bhalla 	 
	 	 	Title: 	Authorized Signatory 	 
	 
	 
	 
	 
	 	MARLBOROUGH STREET CLO, LTD., as Lender

By: Massachusetts, Financial Services Company

(MLX)

 	 
	 	By: 	   /s/ David Cobey
 	 
	 	 	Name: 	David Cobey 	 
	 	 	Title: 	Investment Officer
 	 

 

	 	 	 	 	 

	 	 	 	 	 
	 	MB FINANCIAL BANK, N.A. (f/n/a OAK BROOK 
BANK) as
Lender

 	 
	 	By: 	   /s/ Henry Wessel
 	 
	 	 	Name: 	Henry Wessel 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 	MIZUHO CORPORATE BANK, LTD., as Lender

 	 
	 	By: 	   /s/ Robert Gallagher
 	 
	 	 	Name: 	Robert Gallagher 	 
	 	 	Title: 	Authorized Signatory 	 
	 
	 
	 
	 	MORGAN STANLEY SENIOR FUNDING, INC, 
as Lender

 	 
	 	By: 	   /s/ Janine Haas
 	 
	 	 	Name: 	Janine Haas 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 
	 	NATIONAL CITY BANK, as Lender

 	 
	 	By: 	   /s/ Tom Gurbach
 	 
	 	 	Name: 	Tom Gurbach 	 
	 	 	Title: 	Vice President
 	 

 

	 	 	 	 	 

	 	 	 	 	 
	 	NATIXIS, as Lender

 	 
	 	By: 	   /s/ Christian Paragot-Rieutort
 	 
	 	 	Name: 	Christian Paragot-Rieutort 	 
	 	 	Title: 	Associate Director 	 
	 	 	 
	 	By: 	   /s/ Frank H. Madden, Jr.
 	 
	 	 	Name: 	Frank H. Madden, Jr. 	 
	 	 	Title: 	Managing Director 	 
	 
	 
	 
	 	NEW YORK LIFE INSURANCE COMPANY, as
 Lender

 	 
	 	By: 	   /s/ Elizabeth Standbridge
 	 
	 	 	Name: 	Elizabeth Standbridge 	 
	 	 	Title: 	Corporate Vice President 	 
	 
	 
	 
	 
	 	NYLIM INSTITUTIONAL FLOATING RATE 
FUND L.P., as Lender

By: New York Life Investment Management LLC, its

Investment Manager

 	 
	 	By: 	   /s/ Elizabeth Standbridge
 	 
	 	 	Name: 	Elizabeth Standbridge 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 
	 	NEW YORK LIFE INSURANCE AND ANNUITY 
CORPORATION, as
Lender

By: New York Life Investment Management LLC, 
its
Investment Manager

 	 
	 	By: 	   /s/ Elizabeth Standbridge
 	 
	 	 	Name: 	Elizabeth Standbridge 	 
	 	 	Title: 	Vice President 	 
	 

 

	 	 	 	 	 
	 	MAINSTAY FLOATING RATE FUND, a series of 

ECLIPSE FUNDS, INC., as Lender

By: New York Life Investment Management LLC, 
its
Investment Manager

 	 
	 	By: 	   /s/ Elizabeth Standbridge
 	 
	 	 	Name: 	Elizabeth Standbridge 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 
	 	MAINSTAY VP FLOATING RATE PORTFOLIO,
 a series of
MAINSTAY VP SERIES FUND, INC., 
as Lender

By: New York Life Investment Management LLC, its

Investment Manager

 	 
	 	By: 	   /s/ Elizabeth Standbridge
 	 
	 	 	Name: 	Elizabeth Standbridge 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 
	 	THE NORINCHUKIN BANK, NEW YORK 
BRANCH, as Lender

 	 
	 	By: 	   /s/ Noritsugu Sato
 	 
	 	 	Name: 	Noritsugu Sato 	 
	 	 	Title: 	General Manager 	 
	 

 

	 	 	 	 	 
	 	THE NORINCHUKIN BANK, NEW YORK 
BRANCH through State
Street Bank and Trust 
Company N.A. as Fiduciary
Custodian, as Lender

By: Easton Vance Management, Attorney-in-fact

 	 
	 	By: 	   /s/ Michael B. Botthof
 	 
	 	 	Name: 	Michael B. Botthof 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 
	 	NORTHWEST FARM CREDIT SERVICES, PCA, 
as Lender

 	 
	 	By: 	   /s/ Casey Kinzer
 	 
	 	 	Name: 	Casey Kinzer 	 
	 	 	Title: 	Account Manager 	 
	 
	 
	 
	 
	 	PARK AVENUE LOAN TRUST, as Lender

By: TCW Advisors as its Portfolio Manager

 	 
	 	By: 	   /s/ Julia K. Haramis
 	 
	 	 	Name: 	Julia K. Haramis 	 
	 	 	Title: 	Vice President 	 
	 
	 	 	 
	 	By: 	   /s/ Gil Tollinchi
 	 
	 	 	Name: 	Gil Tollinchi 	 
	 	 	Title: 	Senior Vice President 	 
	 

 

	 	 	 	 	 
	 	PB CAPITAL CORPORATION, as Lender

 	 
	 	By: 	   /s/ Ronni J. Leopold
 	 
	 	 	Name: 	Ronni J. Leopold 	 
	 	 	Title: 	Vice President 	 
	 
	 	 	 
	 	By: 	   /s/ Christoph A. Belanger
 	 
	 	 	Name: 	Christoph A. Belanger 	 
	 	 	Title: 	Assistant Vice President 	 
	 
	 	PEOPLE’S UNITED BANK, as Lender

 	 
	 	By: 	   /s/ David K. Sherrill
 	 
	 	 	Name: 	David K. Sherrill 	 
	 	 	Title: 	First Vice President 	 
	 
	 	PNC BANK, NATIONAL ASSOCIATION, as

Lender

 	 
	 	By: 	   /s/ Dorothy G. W. Brailer
 	 
	 	 	Name: 	Dorothy G.W. Brailer 	 
	 	 	Title: 	Vice President 	 
	 
	 	PUTNAM BANK LOAN FUND (CAYMAN)
 MASTER FUND, a series
of the PUTNAM 
OFFSHORE MASTER SERIES TRUST, as Lender

By: The Putnam Advisory Company, LLC

 	 
	 	By: 	   /s/ Angela Patel
 	 
	 	 	Name: 	Angela Patel 	 
	 	 	Title: 	Vice President 	 
	 

 

	 	 	 	 	 
	 	PUTNAM FLOATING RATE INCOME FUND, as Lender

 	 
	 	By: 	   /s/ Beth Mazor
 	 
	 	 	Name: 	Beth Mazor 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 
	 	RABOBANK, NEW YORK BRANCH 
(COOPERATIEVE CENTRALE
RAIFFEISEN-
BOERENLEENBANK B.A.), as Lender

 	 
	 	By: 	   /s/ Janet Lee
 	 
	 	 	Name: 	Janet Lee 	 
	 	 	Title: 	Vice President 	 
	 	 	 
	 	By: 	   /s/ Rebecca O. Morrow
 	 
	 	 	Name: 	Rebecca O. Morrow 	 
	 	 	Title: 	Executive Director 	 
	 
	 
	 
	 
	 	RZB FINANCE LLC, as Lender

 	 
	 	By: 	   /s/ John A. Valiska
 	 
	 	 	Name: 	John A. Valiska 	 
	 	 	Title: 	First Vice President 	 
	 	 	 
	 	By: 	   /s/ Shirley Ritch
 	 
	 	 	Name: 	Shirley Ritch 	 
	 	 	Title: 	Assistant Vice President 	 
	 
	 
	 
	 
	 	SOVEREIGN BANK, as Lender

 	 
	 	By: 	   /s/ Ravi Kacker
 	 
	 	 	Name: 	Ravi Kacker 	 
	 	 	Title: 	Senior Vice President 	 
	 

 

	 	 	 	 	 
	 	SUMITOMO MITSUI BANKING 
CORPORATION, as Lender

 	 
	 	By: 	   /s/ David A. Buck
 	 
	 	 	Name: 	David A. Buck 	 
	 	 	Title: 	Senior Vice President 	 
	 
	 
	 
	 
	 	THE SUMITOMO TRUST AND BANKING CO., 
LTD., NEW YORK
BRANCH, as Lender

 	 
	 	By: 	   /s/ Elizabeth A. Quirk
 	 
	 	 	Name: 	Elizabeth A. Quirk 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 
	 	SUNAMERICA LIFE INSURANCE COMPANY, 
as Lender

By: AIG Global Investment Corp., Inc, its Investment

Advisor

 	 
	 	By: 	   /s/ W. Jeffrey Baxter
 	 
	 	 	Name: 	W. Jeffrey Baxter 	 
	 	 	Title: 	Managing Director 	 
	 
	 
	 
	 
	 	SUNTRUST BANK, as Lender

 	 
	 	By: 	   /s/ M. Gabe Bonfield
 	 
	 	 	Name: 	M. Gabe Bonfield 	 
	 	 	Title: 	Vice President 	 
	 	 	 

 

	 	 	 	 	 
	 	UBS AG, STAMFORD BRANCH, as Lender

 	 
	 	By: 	   /s/ Benjamin Edwards
 	 
	 	 	Name: 	Benjamin Edwards 	 
	 	 	Title: 	Associate Director, Banking Products
Services, US

	 	By: 	   /s/ Frank Luzzi
 	 
	 	 	Name: 	Frank Luzzi 	 
	 	 	Title: 	Associate Director, Banking Products
Services, US
	 
	 
	 
	 
	 
	 	UNION BANK OF CALIFORNIA, N.A., as Lender

 	 
	 	By: 	   /s/ Michael Stahl
 	 
	 	 	Name: 	Michael Stahl 	 
	 	 	Title: 	Assistant Vice President 	 
	 
	 
	 
	 
	 	UNITED FCS, PCA (f/k/a FARM CREDIT 
SERVICES OF
MINNESOTA VALLEY, PCA) 
d/b/a FCS COMMERCIAL FINANCE
GROUP, as 
Lender

 	 
	 	By: 	   /s/ M. Lisa Caswell
 	 
	 	 	Name: 	Lisa Caswell 	 
	 	 	Title: 	Assistant Vice President 	 
	 

 

	 	 	 	 	 
	 	UNITED OVERSEAS BANK LIMITED, NEW 
YORK, as Lender

 	 
	 	By: 	   /s/ George Lim
 	 
	 	 	Name: 	George Lim 	 
	 	 	Title: 	SVP & GM 	 
	 	 	 
	 	By: 	                          /s/ Mario Sheng
 	 
	 	 	Name: 	Mario Sheng 	 
	 	 	Title: 	AVP 	 
	 
	 
	 
	 
	 	U.S. AGBANK, FCB, as Disclosed Agent

 	 
	 	By: 	   /s/ Greg E. Somerhalder
 	 
	 	 	Name: 	Greg E. Somerhalder 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 
	 	U.S. BANK NATIONAL ASSOCIATION, as 
Lender

 	 
	 	By: 	   /s/ James D. Pegues
 	 
	 	 	Name: 	James D. Pegues 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 
	 	VERITAS CLO I, LTD, as Lender

 	 
	 	By: 	   /s/ John T. Spellman
 	 
	 	 	Name: 	John T. Spellman 	 
	 	 	Title: 	Attorney-in-Fact 	 
	 
	 
	 
	 
	 	VERITAS CLO II, LTD, as Lender

 	 
	 	By: 	   /s/ John T. Spellman
 	 
	 	 	Name: 	John T. Spellman 	 
	 	 	Title: 	Attorney-in-Fact 	 
	 

 

	 	 	 	 	 
	 	VITESSE CLO LTD., as Lender

By: TCW Advisors as its Portfolio Manager

 	 
	 	By: 	   /s/ Julia K. Haramis
 	 
	 	 	Name: 	Julia K. Haramis 	 
	 	 	Title: 	Vice President 	 
	 	 	 
	 	By: 	                   /s/ Gil Tollinchi
 	 
	 	 	Name: 	Gil Tollinchi 	 
	 	 	Title: 	Senior Vice President 	 
	 
	 
	 
	 
	 	WACHOVIA BANK, NATIONAL 
ASSOCIATION, as Lender

 	 
	 	By: 	   /s/ Beth Rue
 	 
	 	 	Name: 	Beth Rue 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 
	 	WELLS FARGO BANK N.A., as Lender

 	 
	 	By: 	   /s/ Margarita Chichioco
 	 
	 	 	Name: 	Margarita Chichioco 	 
	 	 	Title: 	Senior Vice President 	 
	 

 

	 	 	 	 	 
	 	WESTLB AG, NEW YORK BRANCH, as Lender

 	 
	 	By: 	   /s/ Steven Berman
 	 
	 	 	Name: 	Steven Berman 	 
	 	 	Title: 	Director 	 
	 	 	 
	 	By: 	                        /s/ Brendan McGlynn
 	 
	 	 	Name: 	Brendan McGlynn 	 
	 	 	Title: 	Manager 	 
	 
	 
	 
	 
	 	WILLOW FINANCIAL BANK, as Lender

 	 
	 	By: 	   /s/ Tara M. Handforth
 	 
	 	 	Name: 	Tara M. Handforth 	 
	 	 	Title: 	Vice President 	 
	 
	 
	 
	 
	 	YORKVILLE CBNA LOAN FUNDING LLC, for 
itself or as
agent for YORKVILLE CFPI LOAN 
FUNDING LLC, as Lender

 	 
	 	By: 	   /s/ Bernard Marasa
 	 
	 	 	Name: 	Bernard Marasa 	 
	 	 	Title: 	Attorney-in-Fact 	 
	 

 

CONSENT

          Dated as of April 25, 2008

                         Each of the undersigned, (a) as Guarantor under (i) in the case of each of the undersigned
other than Del Monte Food Company (“Holdings”), the Subsidiary Guaranty dated February 8, 2005 (as
amended, the “Subsidiary Guaranty”) and (i) in the case of Holdings, the Guaranty made by Holdings
under Article X of the Credit Agreement (as defined below) (the “DMFC Guaranty”), in each
case, in favor of the Secured Parties referred to in the Credit Agreement referred to in the
foregoing Amendment (the “Credit Agreement”) and (b) as Grantor under the Security Agreement dated
February 8, 2005 (as amended through the date hereof, the “Security Agreement”) to Bank of America,
N.A. as Collateral Agent for such Secured Parties, hereby consents to such Amendment and hereby
confirms and agrees that (A) notwithstanding the effectiveness of such Amendment, each of (1) in
the case of each of the undersigned other than Holdings, the Subsidiary Guaranty and (2) in the
case of Holdings, the DMFC Guaranty is, and shall continue to be, in full force and effect and is
hereby ratified and confirmed in all respects, except that, on and after the effectiveness of such
Amendment, each reference in the Subsidiary Guaranty, the DMFC Guaranty or the Security Agreement
to the “Credit Agreement”, “thereunder”, “thereof” or words of like import shall mean and be a
reference to the Credit Agreement, as amended by such Amendment and (B) the Collateral Documents to
which each of the undersigned is a party and all of the Collateral described therein do, and shall
continue to, secure the payment of all of the Secured Obligations. Capitalized terms used herein
and not otherwise defined shall have the meanings assigned to such terms in the Credit Agreement.

	 	 	 	 	 
	 	

DEL MONTE FOODS COMPANY

 	 
	 	By:  	/s/ David L. Meyers
 	 
	 	 	Name:  	David L. Meyers 	 
	 	 	Title: Executive Vice President, 
Administration
and Chief Financial Officer 	 
	 
	 
	 
	 	STAR-KIST SAMOA, INC.

 	 
	 	By:  	/s/ David L. Meyers
 	 
	 	Name: David L. Meyers 	 
	 	Title: President  	 
	 

 

 

	 	 	 	 	 
	 	MARINE TRADING PACIFIC, INC.

 	 
	 	By:  	/s/ David L. Meyers
 	 
	 	Name:
    David L. Meyers 
	 	Title:
President 	 
	 
	 
	 
	 
	 	THE MEOW MIX COMPANY, LLC

By: Del Monte Corporation, its sole member

 	 
	 	By:  	/s/ David L. Meyers
 	 
	 	 	Name:  	David L. Meyers 	 
	 	 	Title: Executive Vice President,
Administration
and Chief Financial Officer 	 
	 
	 
	 
	 	MEOW MIX DECATUR PRODUCTION I, LLC

By: Del Monte Corporation, its sole member

 	 
	 	By:  	/s/ David L. Meyers
 	 
	 	 	Name:  	David L. Meyers 	 
	 	 	Title: Executive Vice President, 
Administration
and Chief Financial Officerexv10w1

 

EXHIBIT 10.1

ARKANSAS BEST CORPORATION

RESTRICTED STOCK UNIT AWARD AGREEMENT

(Non-Employee Directors — with deferral feature)

     This Restricted Stock Unit Award Agreement (this “Agreement”) is dated as of this ___
day of                     , 20 ___ (the “Grant Date”), and is between Arkansas
Best Corporation (the “Company”) and ___ (“Participant”).

     WHEREAS, the Company, by action of the Board and approval of its shareholders established the
Arkansas Best Corporation 2005 Ownership Incentive Plan (the “Plan”);

     WHEREAS, Participant is a member of the Board and is not employed by the Company or a
Subsidiary;

     WHEREAS, the Company desires to encourage Participant to own Common Stock for the purposes
stated in Section 1 of the Plan; and

     WHEREAS, Participant and the Company have entered into this Agreement to govern the terms of
the Restricted Stock Unit Award (as defined below) granted to Participant by the Company.

     NOW, THEREFORE, in consideration of the foregoing, the parties hereto agree as follows:

1. Definitions

     Defined terms in the Plan shall have the same meaning in this Agreement, except where the
context otherwise requires.

2. Grant of Restricted Stock Units

     On the Grant Date, the Company hereby grants to Participant an Award of ___
Restricted Stock Units (the “Award”) in accordance with Section 9 of the Plan and subject
to the conditions set forth in this Agreement and the Plan (as amended from time to time). Each
Restricted Stock Unit subject to the Award represents the right to receive one Share (as adjusted
from time to time pursuant to Paragraph 14 hereof and/or Section 13 of the Plan) upon the terms and
subject to the conditions (including the vesting conditions) set forth in this Agreement and the
Plan. By accepting the Award, Participant irrevocably agrees on behalf of Participant and
Participant’s successors and permitted assigns to all of the terms and conditions of the Award as
set forth in or pursuant to this Agreement and the Plan (as such Plan may be amended from time to
time).

 

 

3. Vesting; Payment

     (a) The Award shall not be vested as of the Grant Date and shall be forfeitable unless and
until otherwise vested pursuant to the terms of this Agreement. After the Grant Date, provided
that Participant remains a member of the Board continuously through the third anniversary of the
Grant Date (the “Normal Vesting Date”), the Award shall become vested with respect to 100%
of the Restricted Stock Units on such Normal Vesting Date. In addition, prior to the Normal
Vesting Date:

     (i) the Award shall become vested with respect to 100% of the Restricted Stock Units on the
first date on or after the Grant Date that the Participant satisfies the requirements for Normal
Retirement, as defined below, whether or not actual retirement or separation from service has
occurred on that date.

     (ii) on the first date on or after the Grant Date which Participant satisfies the requirements
for Early Retirement, as defined below, whether or not actual retirement or separation from service
has occurred on that date, the Award shall become vested with respect to the number of the
Restricted Stock Units subject to the Award multiplied by a fraction, (A) the numerator of which is
equal to the number of full months between such date and the Grant Date, and (B) the denominator of
which is 36, and the Award shall continue to vest on the fifteenth day of each subsequent month
until the first day of the month in which Normal Vesting Date occurs, with respect to an additional
one-thirty sixth of the number of Restricted Stock Units subject to the Award. In the month that
the Normal Vesting Date occurs, all Units not previously vested shall become vested on the date of
the month that corresponds to the Grant Date.

     For purposes of this Agreement, the term “Normal Retirement” shall mean Participant’s
retirement from service as a member of the Board on or after age 65 so long as Participant has, as
of the date of such retirement, at least 5 years of service with the Company.

     For purposes of this Agreement, the term “Early Retirement” shall mean Participant’s
retirement from service as a member of the Board with at least 3 years of Board member service with
the Company.

     Restricted Stock Units that have vested and are no longer subject to a substantial risk of
forfeiture are referred to herein as “Vested Units.” Restricted Stock Units that are not vested
and generally remain subject to forfeiture are referred to herein as “Unvested Units.”

     (b) Notwithstanding anything to the contrary in this Paragraph 3, the Award shall be subject
to earlier acceleration of vesting and/or forfeiture and transfer as provided in this Agreement and
the Plan.

     (c) Subject to Paragraph 3(d) below, on the Normal Vesting Date, or, if earlier, the date
Participant’s service as a member of the Board terminates on or after he satisfied the requirements
for accelerated vesting by virtue of qualifying for Normal Retirement or Early Retirement,
Participant shall be entitled to receive one Share (subject to adjustment under Section 13 of the
Plan) for each Vested Unit in accordance with the terms and provisions of this Agreement and the
Plan. The Company will transfer such Shares to Participant or Participant’s

2

 

designee subject to (i) Participant’s satisfaction of any required tax withholding obligations
as set forth in Paragraph 7 and (ii) the restrictions, if any, imposed by the Company under
Paragraph 15(f) or otherwise pursuant to the terms and conditions of the Plan and this Agreement.

     (d) Subject to the satisfaction of all of the tax withholding obligations described in Section
7 below, Participant may irrevocably elect to defer the receipt of any Shares issuable pursuant to
Vested Units, other than Units distributable by reason of Sections 6(b) or (c), by submitting to
the Company an election to defer receipt in the form attached hereto as Exhibit A (the
“Deferral Election Form”). In the event Participant intends to defer the receipt of any
Shares, Participant must submit a proposed Deferral Election Form to the Company by December 31 of
the year preceding the year of the Grant Date of the Award. Notwithstanding anything herein to the
contrary, any Shares subject to Vested Units with respect to which a deferred payment date has been
elected shall be immediately distributed to Participant or Participant’s estate, as applicable,
upon Participant’s death or Disability (as defined below) or upon a “change in the ownership or
effective control” of the Company or in the “ownership of a substantial portion of the assets” of
the Company within the meanings ascribed to such terms in Treasury Department regulations or other
guidance issued under Section 409A of the Code. Participant hereby represents that he or she
understands the effect of any such deferral of the receipt of shares under relevant federal, state
and local tax laws.

     (e) The date upon which Shares are to be issued under either Paragraph 3(c) or 3(d) is
referred to as the “Settlement Date.” The issuance of the Shares hereunder may be effected
by the issuance of a stock certificate, recording shares on the stock records of the Company or by
crediting shares in an account established on the Participant’s behalf with a brokerage firm or
other custodian, in each case as determined by the Company. Fractional shares will not be issued
pursuant to the Award.

Notwithstanding the above, prior to a Change in Control, (i) for administrative or other reasons,
the Company may from time to time temporarily suspend the issuance of Shares in respect of earned
Vested Units (whether or not deferred), (ii) the Company shall not be obligated to deliver any
Shares during any period when the Company determines that the delivery of Shares hereunder would
violate any federal, state or other applicable laws, and (iii) the date on which shares are issued
hereunder may include a delay in order to provide the Company such time as it determines
appropriate to address tax withholding and other administrative matters. Any delay pursuant to
3(e)(ii) shall only be until such time that the Company determines that the delivery of shares
would no longer violate any Federal, state or other applicable law. Notwithstanding the delay for
administrative or other reasons provided for in clauses (i) and (iii) above, in no event will such
issuance of shares be delayed beyond the later of the end of the calendar year in which the
Settlement Date occurs, or the 15th day of the third month after the end of such year,
or such other time as permitted under Section 409A of the Code and the regulations thereunder
without the imposition of any additional taxes under Section 409A of the Code.

     Notwithstanding any other provision of the Plan, this Agreement or the Deferral Election Form
to the contrary, the Plan, this Agreement and the Deferral Election Form shall be construed or
deemed to be amended as necessary to comply with the requirements of Section 409A of the Code to
avoid the imposition of any additional or accelerated taxes or other penalties under Section 409A
of the Code. The Committee, in its sole discretion, shall determine the

3

 

requirements of Section 409A of the Code applicable to the Plan, this Agreement and the
Deferral Election Form and shall interpret the terms of the Plan, this Agreement and the Deferral
Election Form consistently therewith. Under no circumstances, however, shall the Company have any
liability under the Plan, this Agreement or the Deferral Election Form for any taxes, penalties or
interest due on amounts paid or payable pursuant to the Plan, this Agreement or the Deferral
Election Form, including any taxes, penalties or interest imposed under Section 409A of the Code.

4. Status of Participant

     Except as set forth in Paragraph 5, Participant shall have no rights as a stockholder
(including, without limitation, any voting rights with respect to the Shares subject to the Award)
with respect to either the Restricted Stock Units granted hereunder or the Shares underlying the
Restricted Stock Units, unless and until such Shares are issued in respect of Vested Units, and
then only to the extent of such issued Shares.

5. Dividend Equivalents

     From and after the Grant Date and unless and until the Restricted Stock Units are forfeited or
otherwise transferred back to the Company, Participant will be entitled to receive cash payments
(subject to applicable withholding taxes) equal to all dividends and other distributions paid with
respect to the Shares subject to this Award, which dividend equivalent payments shall be paid on or
about the date such dividends or other distributions are payable to public stockholders, subject to
any applicable tax withholding requirements. Notwithstanding the foregoing, no such dividend
equivalents will be paid with respect to any dividend or other distribution declared by the Company
in connection with which the Award is adjusted pursuant to Paragraph 14 hereof and/or Section 13 of
the Plan. For avoidance of doubt, this ineligibility for a dividend equivalent will apply only to
the actual stock distribution in question (in the year of such distribution), and shall not
adversely affect the ability to receive subsequent regular cash dividends on the Award as so
adjusted.

6. Effect of Termination of Board Service; Change in Control

     (a) General. Except as provided in Paragraphs 6(b) or (c), upon a termination of
Participant’s service as a member of the Board for any reason, the Unvested Units shall be
forfeited by Participant and cancelled and surrendered to the Company without payment of any
consideration to Participant.

     (b) Death; Disability. Upon a termination of Participant’s service as a member of the
Board by reason of Participant’s death or Disability, all Unvested Units shall vest as of the date
of such termination of service and be issued as soon as administratively possible. For the
purposes of this Agreement, the term “Disability” shall mean a condition under which
Participant either (i) is unable to engage in any substantial gainful activity by reason of any
medically determinable physical or mental impairment that can be expected to result in death or can
be expected to last for a continuous period of not less than twelve months, or (ii) is, by reason
of any medically determinable physical or mental impairment that can be expected to result in death
or can be expected to last for a continuous period of not less than twelve months, receiving

4

 

income replacement benefits for a period of not less than three months under an accident and
health plan.

     (c) Change in Control. All Unvested Units shall vest as of the date a Change in
Control occurs and be issued as soon as administratively possible so long as with respect to any
amounts that the Company determines to be deferred compensation within the meaning of Section 409A
of the Code, such Change in Control qualifies as a “change in the ownership or effective control”
of the Company or in the “ownership of a substantial portion of the assets” of the Company within
the meanings ascribed to such terms in Treasury Department regulations or other guidance issued
under Section 409A of the Code.

7. Withholding and Disposition of Shares

     Participant is liable and responsible for all taxes owed in connection with the Award,
regardless of any action the Company takes with respect to any tax reporting or withholding
obligations that arise in connection with the Award. The Company does not make any representation
or undertaking regarding the tax treatment of the grant or vesting of the Award or the subsequent
sale of Shares issuable pursuant to the Award. The Company does not commit and is under no
obligation to structure the Award to reduce or eliminate Participant’s tax liability.

8. Excess Parachute Payments

     Notwithstanding anything in this Agreement to the contrary, if any of the payments in respect
of this Award, together with any other payments to which Participant has the right to receive from
the Company or any purchaser, successor, or assign, would constitute an “excess parachute payment”
(as defined in Code Section 280G), the payments pursuant to the Award and/or such other plans or
agreements shall be reduced to the largest amount as will result in no portion of such payments
being subject to the excise tax imposed by Code Section 4999.

9. Plan Controls

     The terms of this Agreement are governed by the terms of the Plan, as it exists on the Grant
Date and as the Plan is amended from time to time. In the event of any conflict between the
provisions of this Agreement and the provisions of the Plan, the terms of the Plan shall control,
except as expressly stated otherwise in this Agreement. The term “Section” generally refers to
provisions within the Plan; provided, however, the term “Paragraph” shall refer to a provision of
this Agreement.

10. Limitation on Rights; No Right to Future Grants; Extraordinary Item

     By entering into this Agreement and accepting the Award, Participant acknowledges that: (a)
Participant’s participation in the Plan is voluntary and (b) the grant of the Award will not be
interpreted to form an employment or Board member relationship with the Company or any Subsidiary.
The Company shall be under no obligation whatsoever to advise Participant of the existence,
maturity or termination of any of Participant’s rights hereunder and Participant shall be
responsible for familiarizing himself or herself with all matters contained herein and in the Plan
which may affect any of Participant’s rights or privileges hereunder.

5

 

11. Committee Authority

     Any question concerning the interpretation of this Agreement or the Plan, any adjustments
required to be made under the Plan, and any controversy that may arise under the Plan or this
Agreement shall be determined by the Committee in its sole and absolute discretion. Such decision
by the Committee shall be final and binding.

12. Transfer Restrictions

     Any sale, transfer, assignment, encumbrance, pledge, hypothecation, conveyance in trust, gift,
transfer by bequest, devise or descent, or other transfer or disposition of any kind, whether
voluntary or by operation of law, directly or indirectly, of (i) Unvested Units, (ii) Vested Units
prior to the Settlement Date, or (iii) Shares subject to such Unvested Units or Vested Units shall
be strictly prohibited and void; provided, however, Participant may assign or transfer the Award to
the extent permitted under the Plan, provided that the Award shall be subject to all the terms and
condition of the Plan, this Agreement and any other terms required by the Committee as a condition
to such transfer.

13. Suspension or Termination of Award

     Pursuant to Section 16 of the Plan, if at any time prior to Participant’s receipt of Shares
pursuant to the Award an Authorized Officer reasonably believes that Participant may have committed
an Act of Misconduct (as defined below), the Authorized Officer, the Committee or the Board may
suspend Participant’s rights to vest in any Restricted Stock Units, and/or to receive payment for
or receive Shares in settlement of Vested Units pending a determination of whether an Act of
Misconduct has been committed. In addition, pursuant to Section 16 of the Plan, if the Committee
or an Authorized Officer determines Participant has committed an act of embezzlement, fraud,
dishonesty, nonpayment of any obligation owed to the Company or any Subsidiary, breach of fiduciary
duty, violation of Company ethics policy or code of conduct, deliberate disregard of Company or
Subsidiary rules, or if Participant makes an unauthorized disclosure of any Company or Subsidiary
trade secret or confidential information, solicits any employee or service provider to leave the
employ or cease providing services to the Company or any Subsidiary, breaches any intellectual
property or assignment of inventions covenant, engages in any conduct constituting unfair
competition, breaches any non-competition agreement, induces any Company or Subsidiary customer to
breach a contract with the Company or any Subsidiary or to cease doing business with the Company or
any Subsidiary, or induces any principal for whom the Company or any Subsidiary acts as agent to
terminate such agency relationship (any of the foregoing acts, an “Act of Misconduct”),
then except as otherwise provided by the Committee, (i) neither Participant nor Participant’s
estate nor transferee will be entitled to vest in or have the restrictions on Unvested Units lapse,
or otherwise receive payment or Shares in respect of Vested Units and (ii) Participant will forfeit
all undelivered (including deferred) Vested and Unvested Units. In making such determination, the
Committee or an Authorized Officer shall give Participant an opportunity to appear and present
evidence on his or her behalf at a hearing before the Committee or an opportunity to submit written
comments, documents, information and arguments to be considered by the Committee. Any dispute by
Participant or other person as to the determination of the Committee must be resolved pursuant to
Paragraph 15(j).

6

 

14. Adjustment of and Changes in the Stock

     In the event that the number of Shares increases or decreases through a reorganization,
reclassification, combination of shares, stock split, reverse stock split, spin-off, dividend
(other than regular, quarterly cash dividends), or otherwise, the Committee shall equitably adjust
the number of Shares subject to this Award to reflect such increase or decrease.

15. General Provisions

     (a) Notices. Whenever any notice is required or permitted hereunder, such notice must
be in writing and delivered in person or by mail (to the address set forth below if notice is being
delivered to the Company) or electronically. Any notice delivered in person or by mail shall be
deemed to be delivered on the date on which it is personally delivered, or, whether actually
received or not, on the third business day after it is deposited in the United States mail,
certified or registered, postage prepaid, addressed to the person who is to receive it at the
address that such person has theretofore specified by written notice delivered in accordance
herewith. Any notice given by the Company to Participant directed to Participant at Participant’s
address on file with the Company shall be effective to bind Participant and any other person who
shall have acquired rights under this Agreement. The Company or Participant may change, by written
notice to the other, the address previously specified for receiving notices. Notices delivered to
the Company in person or by mail shall be addressed as follows:

	 	 	 	 	 	 	 
	  	   	Company:	        	Arkansas Best Corporation
	 

	 	 	 	Attn:
	   	Executive Benefits
	 

	 	 	 	 	 	P.O. Box 10048
	 

	 	 	 	 	 	Fort Smith, AR 72917-0048
	 

	 	 	 	 	 	Fax: (479) 494-6928

     (b) No Waiver. No waiver of any provision of this Agreement will be valid unless in
writing and signed by the person against whom such waiver is sought to be enforced, nor will
failure to enforce any right hereunder constitute a continuing waiver of the same or a waiver of
any other right hereunder.

     (c) Undertaking. Participant hereby agrees to take whatever additional action and
execute whatever additional documents the Company may deem necessary or advisable in order to carry
out or effect one or more of the obligations or restrictions imposed on either Participant or the
Award pursuant to the express provisions of this Agreement.

     (d) Entire Contract. This Agreement and the Plan constitute the entire contract
between the parties hereto with regard to the subject matter hereof. This Agreement is made
pursuant to the provisions of the Plan and will in all respects be construed in conformity with the
express terms and provisions of the Plan.

     (e) Successors and Assigns. The provisions of this Agreement will inure to the
benefit of, and be binding on, the Company and its successors and assigns and Participant and
Participant’s legal representatives, heirs, legatees, distributees, assigns and transferees by
operation of law, whether or not any such person will have become a party to this Agreement and
agreed in writing to join herein and be bound by the terms and conditions hereof.

7

 

     (f) Securities Law Compliance. The Company may impose such restrictions, conditions
or limitations as it determines appropriate as to the timing and manner of any resales by
Participant or other subsequent transfers by Participant of any Shares issued as a result of or
under this Award, including without limitation (i) restrictions under an insider trading policy,
(ii) restrictions that may be necessary in the absence of an effective registration statement under
the Securities Act of 1933, as amended, covering the Award and/or the Shares underlying the Award
and (iii) restrictions as to the use of a specified brokerage firm or other agent for such resales
or other transfers. Any sale of the Shares must also comply with other applicable laws and
regulations governing the sale of such shares.

     (g) Information Confidential. As partial consideration for the granting of the Award,
Participant agrees that he or she will keep confidential all information and knowledge that
Participant has relating to the manner and amount of his or her participation in the Plan;
provided, however, that such information may be disclosed as required by law and may be given in
confidence to Participant’s spouse, tax and financial advisors, or to a financial institution to
the extent that such information is necessary to secure a loan.

     (h) Electronic Delivery. The Company may, in its sole discretion, decide to deliver
any documents related to any awards granted under the Plan by electronic means or to request
Participant’s consent to participate in the Plan by electronic means. Participant hereby consents
to receive such documents by electronic delivery and, if requested, to agree to participate in the
Plan through an on-line or electronic system established and maintained by the Company or another
third party designated by the Company, and such consent shall remain in effect throughout
Participant’s term of service with the Company and thereafter until withdrawn in writing by
Participant.

     (i) Governing Law. Except as may otherwise be provided in the Plan, the provisions of
this Agreement shall be governed by the laws of the State of Delaware, without giving effect to
principles of conflicts of law.

     (j) Arbitration of Disputes. Pursuant to Section 23 of the Plan, Participant hereby
agrees as follows:

          (i) If Participant or Participant’s transferee wishes to challenge any action of the Committee
or the Plan Administrator, the person may do so only by submitting to binding arbitration with
respect to such decision. The review by the arbitrator will be limited to determining whether
Participant or Participant’s transferee has proven that the Committee’s decision was arbitrary or
capricious. This arbitration will be the sole and exclusive review permitted of the Committee’s
decision. Participant explicitly waives any right to judicial review.

          (ii) Notice of demand for arbitration will be made in writing to the Committee within thirty
(30) days after written notice to Participant of the applicable decision by the Committee. The
arbitrator will be selected by mutual agreement of the Committee and Participant. If the Committee
and Participant are unable to agree on an arbitrator, the arbitrator will be selected by the
American Arbitration Association. The arbitrator, no matter how selected, must be neutral within
the meaning of the Commercial Rules of Dispute Resolution of the American Arbitration Association.
The arbitrator will administer and conduct the arbitration

8

 

pursuant to the Commercial Rules of Dispute Resolution of the American Arbitration
Association. Each side will bear its own fees and expenses, including its own attorney’s fees, and
each side will bear one half of the arbitrator’s fees and expenses; provided, however, that the
arbitrator will have the discretion to award the prevailing party its fees and expenses. The
arbitrator will have no authority to award exemplary, punitive, special, indirect, consequential,
or other extracontractual damages. The decision of the arbitrator on the issue(s) presented for
arbitration will be final and conclusive and any court of competent jurisdiction may enforce it.

     (k) Section 409A of the Code. This Award is intended to comply, to the extent
applicable, with the election, distribution and any other requirements of Section 409A of the Code
and, as such, shall be interpreted in a manner consistent therewith. Notwithstanding anything
herein or in the Plan to the contrary, the Company may, in its sole discretion, amend this Award
(which amendment shall be effective upon its adoption or at such other time designated by the
Company) as may be necessary to avoid the imposition of the additional tax under Section
409A(a)(1)(B) of the Code or otherwise comply with Section 409A and the regulations thereunder;
provided, however, that any such amendment shall be implemented in such a manner as to preserve, to
the greatest extent possible, the terms and conditions of this Award as in existence immediately
prior to any such amendment.

     (l) Board Policies and Guidelines. Participant acknowledges that this Award is
subject to certain policies and guidelines as may be from time to time enacted by the Board of
Directors of the Company including guidelines for the Recoupment of Incentive Compensation adopted
by the Board of Directors of the Company effective October 18, 2007.

[signature page follows]

9

 

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above
written.

	 	 	 	 	 
	 	ARKANSAS BEST CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	PARTICIPANT

 	 
	 	 	 
	 	[Participant] 	 
	 	 	 	 

10

 

	 	 	 	 	 

Exhibit A

ARKANSAS BEST CORPORATION

RESTRICTED STOCK UNIT

INITIAL DEFERRAL ELECTION FORM FOR 20___ AWARDS

     Effective as of                     , the undersigned hereby irrevocably elects (the
“Election”) to defer receipt of certain shares of common stock (the “Shares”) of
Arkansas Best Corporation (the “Company”) related to the Restricted Stock Units (the
“Award”) awarded under and pursuant to any Restricted Stock Unit Award Agreement dated
between                      and                      (the “Award Agreement”) and the Arkansas Best
Corporation 2005 Ownership Incentive Plan, as amended from time to time (the “Plan”). This
deferral shall be made in accordance with the terms and provisions outlined in this Election in the
manner and amount set forth below. In making this Election, you may elect to defer the settlement
of all or a portion of your Award. Your deferral must be expressed as a percentage of the
Restricted Stock Units subject to the Award. In executing this Election form you acknowledge that,
in order to be effective, either (i) if on the Grant Date set forth in your Award Agreement or
within 12 months following such Grant Date you become wholly or partially vested in your Award by
virtue of satisfying the requirements (as defined in the Award Agreement) for either Normal
Retirement or Early Retirement (other than actual separation from service), the Election must be
returned no later than December 31 of the year preceding the year in which the Grant Date set forth
in your Award Agreement occurs, or (ii) if the preceding clause (i) does not apply to you, (A) the
Election must be returned no later than 30 days following the Grant Date set forth in your Award
Agreement, and (B) the portion of your Award subject to this Election must not become vested until
more than 12 months following the date of this Election (or, if later, 12 months following the
Grant Date).

     In general, all deferrals pursuant to this election will be paid out in Shares. Subject to
the terms and conditions of the Award Agreement and the Plan, all of the Shares you are entitled to
receive on the Settlement Date specified in this Election will be transferred to you on the
applicable Settlement Date.

Amount of the Deferral

	 	 	 
	o

	 	I hereby irrevocably elect to defer settlement of ___% of the Shares subject to the Award.

 

 

Duration of the Deferral

Settlement of that portion of the Award specified above shall be deferred until [complete by
checking the appropriate box below and, if applicable, filling in the distribution date. CHECK
ONLY ONE BOX]:

	 	 	 
	o

	 	                    , 20___ [Note: this date must be after the third anniversary of the ___
Grant Date]; or
	 
	o

	 	the termination of my service as a member of the Board; or
	 
	o

	 	the earlier of                     , 20___ [Note: this date must be after the third anniversary
of the ___ Grant Date] or the termination of my service as a member of the Board; or
	 
	o

	 	the later of                     , 20___ [Note: this date must be after the third anniversary of
the ___ Grant Date]or the termination of my service as a member of the Board.

Terms and Conditions

By signing this form, you acknowledge your understanding and acceptance of the following:

     1. Submission of Election to the Company. You understand that (i) if on the Grant Date set
forth in your Award Agreement or within 12 months following such Grant Date you satisfy or will
satisfy the vesting requirements for either Normal Retirement or Early Retirement (each as defined
in the Award Agreement), the Election must be submitted to the Company no later than December 31 of
the year preceding the year in which the Award was granted or (ii) if the preceding clause (i) does
not apply to you, the Election must be submitted to the Company no later than 30 days following the
date the Award was granted.

     2. Dividend Equivalents. You will be entitled to receive cash payments (subject to applicable
withholding taxes) equal to all dividends and other distributions paid with respect to the Units
subject to this Election. Dividends payable by the Company to its public stockholders in cash
shall be paid in cash on or about the date such dividends are payable to public stockholders,
subject to any applicable tax withholding requirements. Notwithstanding the foregoing, no such
dividend equivalents will be paid with respect to any dividend or other distribution declared by
the Company in connection with which the Award is adjusted pursuant to Paragraph 14 of the Award
Agreement and/or Section 13 of the Plan. For avoidance of doubt, this ineligibility for a dividend
equivalent will apply only to the actual stock distribution in question (in the year of such
distribution), and shall not adversely affect the ability to receive subsequent regular cash
dividends on the Award as so adjusted.

     3. Status of Participant. Except as set forth in Paragraph 3 above, you will have no rights as
a stockholder (including, without limitation, any voting rights with respect to the Units subject
to this Election) with respect to the Units subject to this Election, unless and until Shares with
respect to such Units are issued to you hereunder.

     4. Payment Acceleration. Notwithstanding anything herein to the contrary, any Shares subject
to this Election shall be immediately distributed to you or your estate, as

2

 

applicable, upon your death or Disability (as defined in the Award Agreement) or upon a
“change in the ownership or effective control” of the Company or in the “ownership of a substantial
portion of the assets” of the Company within the meanings ascribed to such terms in Treasury
Department regulations or other guidance issued under Section 409A of the Code.

     5. Administration. This Election is administered and interpreted by the Committee (as such
term is defined in the Plan). The Committee has full and exclusive discretion to interpret and
administer this Election. All actions, interpretations and decisions of the Committee are
conclusive and binding on all persons, and will be given the maximum possible deference allowed by
law.

     6. Arbitration of Disputes. All disputes under this Election form shall be subject to
arbitration pursuant to Paragraph 15(j) of the Award Agreement and Section 23 of the Plan.

	 	 	 	 	 	 
	Submitted by:  	 	Accepted by:

ARKANSAS BEST CORPORATION

 	 
	 	 	By:  	 	 
	[Participant]  	 	 	Name:  	 	 
	 	 	 	Title:  	 	 
	 

3

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