Document:

Unassociated Document

    

    
       

      EXECUTION
VERSION

       

      
        

        

      

      $25,000,000
SECOND LIEN TERM LOAN AGREEMENT

       

      Dated as
of September 27, 2007

       

      Among

       

      UNITEK
ACQUISITION, INC.,

      as
Borrower,

       

      UNITEK
MIDCO, INC.,

      as
Parent,

       

      THE
SUBSIDIARY GUARANTORS NAMED HEREIN,

      as
Subsidiary Guarantors,

       

      THE
INITIAL SECOND LIEN LENDERS NAMED HEREIN

      as
Initial Second Lien Lenders,

       

      and

       

      ROYAL
BANK OF CANADA,

      as
Administrative Agent and Collateral Agent,

       

        
          

        

      

       

      RBC
CAPITAL MARKETS*

      as Sole
Lead Arranger and Bookrunner

       

      
        

      

       

      
        

        

      

      * RBC
Capital Markets is a brand name for the capital markets activities of Royal Bank
of Canada.

       

      
        Unitek –
Second Lien Term Loan Agreement

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      TABLE
OF CONTENTS

       

      
        
          
            
              
                	
                        Section

                      	 
      	
                        Page

                      
	 
      	 
      	 
      
	
                        ARTICLE
      I      DEFINITIONS AND ACCOUNTING
      TERMS

                      	
                        2

                      
	 
      	 
      
	
                        SECTION
      1.01.

                      	
                        Certain
      Defined Terms

                      	
                        2

                      
	
                        SECTION
      1.02.

                      	
                        Computation
      of Time Periods; Other Definitional Provisions

                      	
                        23

                      
	
                        SECTION
      1.03.

                      	
                        Accounting
      Terms

                      	
                        24

                      
	
                        SECTION
      1.04.

                      	
                        Currency
      Equivalents Generally

                      	
                        24

                      
	 
      	 
      	 
      
	
                        ARTICLE
      II     AMOUNTS AND TERMS OF THE
      ADVANCES

                      	
                        25

                      
	 
      	
                         
      

                      
	
                        SECTION
      2.01.

                      	
                        The
      Advances

                      	
                        25

                      
	
                        SECTION
      2.02.

                      	
                        Making
      the Advances

                      	
                        25

                      
	
                        SECTION
      2.03.

                      	
                        [Intentionally
      Omitted.]

                      	
                        26

                      
	
                        SECTION
      2.04.

                      	
                        Repayment
      of Advances

                      	
                        26

                      
	
                        SECTION
      2.05.

                      	
                        [Intentionally
      Omitted.]

                      	
                        25

                      
	
                        SECTION
      2.06.

                      	
                        Prepayments

                      	
                        26

                      
	
                        SECTION
      2.07.

                      	
                        Interest

                      	
                        27

                      
	
                        SECTION
      2.08.

                      	
                        [Intentionally
      Omitted.]

                      	
                        27

                      
	
                        SECTION
      2.09.

                      	
                        [Intentionally
      Omitted.]

                      	
                        27

                      
	
                        SECTION
      2.10.

                      	
                        Increased
      Costs, Etc

                      	
                        27

                      
	
                        SECTION
      2.11.

                      	
                        Replacement
      of Second Lien Lender; Mitigation or Circumstance

                      	
                        28

                      
	
                        SECTION
      2.12.

                      	
                        Payments
      and Computations

                      	
                        28

                      
	
                        SECTION
      2.13.

                      	
                        Taxes

                      	
                        31

                      
	
                        SECTION
      2.14.

                      	
                        Sharing
      of Payments, Etc

                      	
                        33

                      
	
                        SECTION
      2.15.

                      	
                        Use
      of Proceeds

                      	
                        34

                      
	
                        SECTION
      2.16.

                      	
                        Defaulting
      Second Lien Lenders

                      	
                        34

                      
	
                        SECTION
      2.17.

                      	
                        Evidence
      of Debt

                      	
                        36

                      
	 
      	 
      	 
      
	
                        ARTICLE
      III    CONDITIONS OF LENDING AND ISSUANCES OF LETTERS
      OF CREDIT

                      	
                        37

                      
	 
      	 
      
	
                        SECTION
      3.01.

                      	
                        Conditions
      Precedent to Initial Extension of Credit

                      	
                        37

                      
	
                        SECTION
      3.02.

                      	
                        [Intentionally
      Omitted.]

                      	
                        39

                      

              

            

          

        

      

       

      
        
           

        

        
          i

          
            

          

        

        
           

        

      

      

      
        
          
            
              
                
                  
                    
                      
                        	
                                SECTION
      3.03.

                              	
                                Determinations
      Under Section 3.01

                              	
                                39

                              
	 	 
	ARTICLE
      IV    REPRESENTATIONS
      AND WARRANTIES	
                                40

                              
	 	 	 
	
                                SECTION
      4.01.

                              	
                                Representations
      and Warranties of the Loan Parties to the Other Second Lien
      Lenders

                              	
                                40

                              
	
                                SECTION
      4.02.

                              	
                                Representations
      and Warranties of the Parent and Borrower to the Seller
      Holders

                              	
                                44

                              
	 
      	 
      	 
      
	
                                ARTICLE
      V     COVENANTS OF THE LOAN
    PARTIES

                              	
                                46

                              
	 
      	 
      	 
      
	
                                SECTION
      5.01.

                              	
                                Affirmative
      Covenants

                              	
                                46

                              
	
                                SECTION
      5.02.

                              	
                                Negative
      Covenants

                              	
                                50

                              
	
                                SECTION
      5.03.

                              	
                                Reporting
      Requirements

                              	
                                62

                              
	
                                SECTION
      5.04.

                              	
                                Financial
      Covenants

                              	
                                64

                              
	 
      	 
      	 
      
	
                                ARTICLE
      VI    EVENTS OF DEFAULT

                              	
                                65

                              
	 
      	 
      	 
      
	
                                SECTION
      6.01.

                              	
                                Events
      of Default

                              	
                                65

                              
	 
      	 
      	 
      
	
                                ARTICLE
      VII   THE AGENTS

                              	
                                67

                              
	 
      	 
      	 
      
	
                                SECTION
      7.01.

                              	
                                Authorization
      and Action

                              	
                                67

                              
	
                                SECTION
      7.02.

                              	
                                Agents’
      Reliance, Etc

                              	
                                68

                              
	
                                SECTION
      7.03.

                              	
                                Royal
      Bank and Affiliates

                              	
                                68

                              
	
                                SECTION
      7.04.

                              	
                                Second
      Lien Lender Credit Decision

                              	
                                69

                              
	
                                SECTION
      7.05.

                              	
                                Indemnification

                              	
                                69

                              
	
                                SECTION
      7.06.

                              	
                                Successor
      Agents

                              	
                                70

                              
	
                                SECTION
      7.07.

                              	
                                Other
      Agents; Arrangers and Managers

                              	
                                70

                              
	
                                SECTION
      7.08.

                              	
                                Intercreditor
      Agreement

                              	
                                70

                              
	 
      	 
      	 
      
	
                                ARTICLE
      VIII  GUARANTY

                              	
                                71

                              
	 
      	 
      	 
      
	
                                SECTION
      8.01.

                              	
                                Guaranty;
      Limitation of Liability

                              	
                                71

                              
	
                                SECTION
      8.02.

                              	
                                Guaranty
      Absolute

                              	
                                71

                              

                      

                    

                  

                

              

            

          

        

      

      
        
           

        

        
          ii

          
            

          

        

        
           

        

      

       

      
        
          
            
              	
                      SECTION
      8.03.

                    	
                      Waivers
      and Acknowledgments

                    	
                      72

                    
	
                      SECTION
      8.04.

                    	
                      Subrogation

                    	
                      73

                    
	
                      SECTION
      8.05.

                    	
                      Guaranty
      Supplements

                    	
                      74

                    
	
                      SECTION
      8.06.

                    	
                      Subordination

                    	
                      74

                    
	
                      SECTION
      8.07.

                    	
                      Continuing
      Guaranty; Assignments

                    	
                      74

                    
	
                      SECTION
      8.08.

                    	
                      Release
      of Guarantor

                    	
                      75

                    
	 
      	 
      	 
      
	
                      ARTICLE
      IX    MISCELLANEOUS

                    	
                      75

                    
	 
      	 
      	 
      
	
                      SECTION
      9.01.

                    	
                      Amendments,
      Etc

                    	
                      75

                    
	
                      SECTION
      9.02.

                    	
                      Notices,
      Etc

                    	
                      77

                    
	
                      SECTION
      9.03.

                    	
                      No
      Waiver; Remedies

                    	
                      78

                    
	
                      SECTION
      9.04.

                    	
                      Costs
      and Expenses

                    	
                      78

                    
	
                      SECTION
      9.05.

                    	
                      Right
      of Set-off

                    	
                      80

                    
	
                      SECTION
      9.06.

                    	
                      Binding
      Effect

                    	
                      80

                    
	
                      SECTION
      9.07.

                    	
                      Assignments
      and Participations

                    	
                      80

                    
	
                      SECTION
      9.08.

                    	
                      Execution
      in Counterparts

                    	
                      84

                    
	
                      SECTION
      9.09.

                    	
                      [Intentionally
      Omitted.]

                    	
                      84

                    
	
                      SECTION
      9.10.

                    	
                      Non-Consenting
      Second Lien Lenders

                    	
                      84

                    
	
                      SECTION
      9.11.

                    	
                      Confidentiality

                    	
                      84

                    
	
                      SECTION
      9.12.

                    	
                      Release
      of Collateral

                    	
                      85

                    
	
                      SECTION
      9.13.

                    	
                      Patriot
      Act Notice

                    	
                      85

                    
	
                      SECTION
      9.14.

                    	
                      Jurisdiction,
      Etc

                    	
                      85

                    
	
                      SECTION
      9.15.

                    	
                      GOVERNING
      LAW

                    	
                      86

                    
	
                      SECTION
      9.16.

                    	
                      WAIVER
      OF JURY TRIAL

                    	
                      86

                    
	
                      SECTION
      9.17.

                    	
                      Intercreditor
      Agreement

                    	
                      86

                    

            

          

        

      

      
        
           

        

        
          iii

          
            

          

        

        
           

        

      

      

      
        
          
            
              	
                      SCHEDULES

                    	 
      	 
      
	 	 	 
	
                      Schedule
      I

                    	
                      -

                    	
                      Commitments

                    
	
                      Schedule
      II

                    	
                      -

                    	
                      Guarantors

                    
	
                      Schedule
      4.01(b)

                    	
                      -

                    	
                      Subsidiaries

                    
	
                      Schedule
      4.01(d)

                    	
                      -

                    	
                      Authorizations,
      Approvals, Actions, Notices and Filings

                    
	
                      Schedule
      4.01(f)

                    	
                      -

                    	
                      Litigation

                    
	
                      Schedule
      4.01(o)

                    	
                      -

                    	
                      Plans,
      Multiemployer Plans

                    
	
                      Schedule
      4.01(p)

                    	
                      -

                    	
                      Environmental
      Disclosure

                    
	
                      Schedule
      4.01(q)

                    	
                      -

                    	
                      Taxes

                    
	
                      Schedule
      4.01(r)

                    	
                      -

                    	
                      Owned
      Real Property

                    
	
                      Schedule
      4.01(s)

                    	
                      -

                    	
                      Leased
      Real Property

                    
	
                      Schedule
      4.01(t)

                    	
                      -

                    	
                      Intellectual
      Property

                    
	
                      Schedule
      5.01(i)

                    	
                      -

                    	
                      Transactions
      with Affiliates

                    
	
                      Schedule
      5.02(a)

                    	
                      -

                    	
                      Existing
      Liens

                    
	
                      Schedule
      5.02(b)

                    	
                      -

                    	
                      Surviving
      Debt

                    
	
                      Schedule
      5.02(f)

                    	
                      -

                    	
                      Existing
      Investments

                    
	 
      	 
      	 
      
	
                      EXHIBITS

                    	 
      	 
      
	
                      Exhibit
      A

                    	
                      -

                    	
                      Form
      of Note

                    
	
                      Exhibit
      B

                    	
                      -

                    	
                      Form
      of Notice of Borrowing

                    
	
                      Exhibit
      C

                    	
                      -

                    	
                      Form
      of Assignment and Acceptance

                    
	
                      Exhibit
      D

                    	
                      -

                    	
                      Form
      of Security Agreement

                    
	
                      Exhibit
      E

                    	
                      -

                    	
                      Form
      of Guaranty Supplement

                    
	
                      Exhibit
      F

                    	
                      -

                    	
                      Form
      of Solvency Certificate

                    
	
                      Exhibit
      G

                    	
                      -

                    	
                      Form
      of Intercreditor
Agreement

                    

            

          

        

      

       

      
        
           

        

        
          iv

          
            

          

        

        
           

        

      

      SECOND
LIEN TERM LOAN AGREEMENT

       

      SECOND
LIEN TERM LOAN AGREEMENT dated as of September 27, 2007 among UNITEK
ACQUISITION, INC., a Delaware corporation (the “Borrower”),
UNITEK MIDCO, INC., a Delaware corporation (the “Parent”),
the Subsidiary Guarantors (as hereinafter defined), the Second Lien Lenders (as
hereinafter defined), Royal Bank of Canada (“Royal
Bank”), as collateral agent (together with any successor collateral agent
appointed pursuant to Article VII, the
“Collateral
Agent”) for the Secured Parties (as hereinafter defined), Royal Bank, as
administrative agent (together with any successor administrative agent appointed
pursuant to Article VII, the
“Administrative
Agent”) for the Second Lien Lenders (as hereinafter defined), and RBC
Capital Markets, as lead arranger and book-runner (the “Lead
Arranger” and, together with the Administrative Agent and the Collateral
Agent collectively, the “Agents”).

       

      PRELIMINARY
STATEMENTS:

       

      (1)           The
Borrower has entered into that certain Membership Interests Purchase Agreement
dated as of September 27, 2007 (the “Purchase
Agreement”) among the Company, the Sellers and the Sellers’
Representative (as such terms are defined therein) to acquire all the limited
liability company interests in the Company (the “Acquisition”).

       

      (2)           Simultaneously
with entering into this Agreement, the Borrower is entering into that certain
First Lien Credit Agreement, dated as of the date hereof (as amended, amended
and restated, supplemented or otherwise modified from time to time, the “First Lien Credit
Agreement”) with the Parent, the guarantors party thereto, the financial
institutions party thereto from time to time as lenders party thereto and Royal
Bank, as administrative agent and collateral agent.

       

      (3)           The
Borrower has requested that, concurrently with the consummation of the
Acquisition, the (a) Second Lien Lenders (excluding the Other Second Lien
Lenders (as defined herein)) lend to the Borrower $25,000,000 under the Facility
provided for in this Agreement and (y) Other Second Lien Lenders lend to the
Borrower $5,000,000 as provided herein, which shall be used to repay certain
existing indebtedness of the Company and its subsidiaries and to pay a portion
of the purchase price in connection with the Acquisition as well as fees,
expenses, and costs related thereto.  The Second Lien Lenders have
indicated their willingness to agree to lend such amounts, but only on the terms
and conditions of this Agreement, including the granting of the Collateral
pursuant to the Collateral Documents and the making of the guarantees pursuant
to Article VIII
hereof.

       

      (4)           The
Equity Investors (as hereinafter defined) will contribute an aggregate amount
(the “Equity
Contribution”) equal to at least 54% of total capitalization of the
Borrower and its Subsidiaries as of the Effective Date after giving effect to
the Acquisition towards the purchase price for the Acquisition, such amount, in
each case to be reduced by the amount of common equity or options therefor in
the Borrower that is “rolled over” to common equity or options therefor in
connection with the Acquisition (so long as the aggregate dollar value (net of
exercise price) of the common equity or options therefor that is rolled over
does not exceed $10,000,000), to the extent permitted by this Agreement, by
existing shareholders of the Borrower.

       

      NOW,
THEREFORE, in consideration of the premises and of the mutual covenants and
agreements contained herein, the parties hereto hereby agree as
follows:

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      ARTICLE
I

       

      DEFINITIONS
AND ACCOUNTING TERMS

       

      SECTION
1.01.  Certain Defined
Terms.  As used in this Agreement, the following terms shall
have the following meanings (such meanings to be equally applicable to both the
singular and plural forms of the terms defined):

       

      “Acquisition”
has the meaning specified in the Preliminary Statements.

       

      “Administrative
Agent” has the meaning specified in the recital of parties to this
Agreement.

       

      “Administrative
Agent’s Account” means the account of the Administrative Agent specified
by the Administrative Agent in writing to the Second Lien Lenders from time to
time.

       

      “Advance”
has the meaning specified in Section 2.01.

       

      “Affiliate”
means, as to any Person, any other Person that, directly or indirectly,
controls, is controlled by or is under common control with such Person or is a
director or officer of such Person.  For purposes of this definition,
the term “control” (including the terms “controlling,” “controlled by” and “under
common control with”) of a Person means the possession, direct or indirect, of
the power to vote 20% or more of the Voting Interests of such Person or to
direct or cause the direction of the management and policies of such Person,
whether through the ownership of Voting Interests, by contract or otherwise;
provided that
(a) no lender under the First Lien Credit Agreement shall be deemed to be
an Affiliate of any Loan Party when acting in its capacity as a lender under the
First Lien Credit Agreement, and (b) no Agent or Second Lien Lender shall
be deemed to be an “Affiliate” of any Loan Party.

       

      “Agents”
has the meaning specified in the recital of parties to this
Agreement.

       

      “Agreement
Value” means, for each Hedge Agreement, on any date of determination, an
amount determined by the Administrative Agent equal to:  (a) in the
case of a Hedge Agreement documented pursuant to the Master Agreement
(Multicurrency-Cross Border) published by the International Swap and Derivatives
Association, Inc. (the “Master
Agreement”), the amount, if any, that would be payable by any Loan Party
or any of its Subsidiaries to its counterparty to such Hedge Agreement, as if
(i) such Hedge Agreement was being terminated early on such date of
determination, (ii) such Loan Party or Subsidiary was the sole “Affected Party,”
and (iii) the Administrative Agent was the sole party determining such payment
amount (with the Administrative Agent making such determination pursuant to the
provisions of the form of Master Agreement); (b) in the case of a Hedge
Agreement traded on an exchange, the mark-to-market value of such Hedge
Agreement, which will be the unrealized loss on such Hedge Agreement to the Loan
Party or Subsidiary of a Loan Party party to such Hedge Agreement determined by
the Administrative Agent based on the settlement price of such Hedge Agreement
on such date of determination; or (c) in all other cases, the mark-to-market
value of such Hedge Agreement, which will be the unrealized loss on such Hedge
Agreement to the Loan Party or Subsidiary of a Loan Party party to such Hedge
Agreement determined by the Administrative Agent as the amount, if any, by which
(i) the present value of the future cash flows to be paid by such Loan Party or
Subsidiary exceeds (ii) the present value of the future cash flows to be
received by such Loan Party or Subsidiary pursuant to such Hedge Agreement;
capitalized terms used and not otherwise defined in this definition shall have
the respective meanings set forth in the above described Master
Agreement.

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

       

      “Applicable Equity
Prepayment Percentage” means the applicable equity prepayment percentage
set forth below based on the applicable Total Leverage Ratio set forth
below:

      

      
        
          
            
              	
                      Total Leverage Ratio

                    	 	
                      Applicable Equity Prepayment

                      Percentage

                    	 
	
                      Level
      I

                      greater
      than 4:00:1.00

                    	     	 	100	%
	
                      Level
      II

                      less
      than or equal to 4.00:1.00 but greater than 3.00:1.00

                    	 	 	75	%
	
                      Level
      III

                      less
      than or equal to 3.00:1.00

                    	 	 	50	%

            

          

        

      

       

      The
Applicable Equity Prepayment Percentage shall, as of any date of determination,
be determined by reference to the Total Leverage Ratio as the last day of the
Measurement Period ending on the last day of the most recently-ended Fiscal Year
or fiscal quarter; provided,
however, that if the Administrative Agent shall not have received the
financial statements required to be delivered pursuant to Section 5.03(b)
and (c) in
respect of such Measurement Period by such date, the Applicable Equity
Prepayment Percentage shall be deemed to be at Level I.

       

      “Applicable
Prepayment Percentage” means the applicable prepayment percentage set
forth below based on the applicable Total Leverage Ratio set forth
below:

      

      
        
          
            
              	
                      Total Leverage Ratio

                    	 	
                      Applicable Prepayment Percentage

                    	 
	
                      Level
      I

                      greater
      than 4.50:1.00

                    	     	 	100	%
	
                      Level
      II

                      Less
      than or equal to 4.50:1.00 but greater than 3.50:1.00

                    	 	 	75	%
	
                      Level
      III

                      less
      than or equal to 3.50:1.00

                    	 	 	50	%

            

          

        

      

      

      The
Applicable Prepayment Percentage shall, as of any date of determination, be
determined by reference to the Total Leverage Ratio as the last day of the
Measurement Period ending on the last day of the most recently-ended Fiscal
Year; provided,
however, that if the Administrative Agent shall not have received the
financial statements required to be delivered pursuant to Section 5.03(b)
in respect of such Measurement Period by such date, the Applicable
Prepayment Percentage shall be deemed to be at Level I.

       

      “Approved
Fund” means any Fund that is administered or managed by (i) a Second Lien
Lender, (ii) an Affiliate of a Second Lien Lender or (iii) an entity or an
Affiliate of an entity that administers or manages a Second Lien
Lender.

       

      “Assignment and
Acceptance” means an assignment and acceptance entered into by a Second
Lien Lender and an Eligible Assignee (with the consent of any party whose
consent is required by Section 9.07 or
the definition of “Eligible
Assignee”), and accepted by the Administrative Agent, in accordance with
Section 9.07 and
in substantially the form of Exhibit C hereto or any other form approved by
the Administrative Agent.

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

       

      “Bankruptcy
Law” means Title 11, U.S. Code, or any similar foreign, federal or state
law for the relief of debtors.

       

      “Borrower”
has the meaning specified in the recital of parties to this
Agreement.

       

      “Borrower’s
Account” means the account of the Borrower specified by the Borrower in
writing to the Administrative Agent from time to time.

       

      “Borrowing”
means a borrowing consisting of simultaneous Advances made by the Second Lien
Lenders.

       

      “Business
Day” means a day of the year on which banks are not required or
authorized by law to close in New York City and, if the applicable Business
Day relates to any Eurodollar Rate Advances, on which dealings are carried on in
the London interbank market.

       

      “Capital
Expenditures” means, for any Person for any period, the sum of, without
duplication, all expenditures made, directly or indirectly, by such Person or
any of its Subsidiaries during such period for equipment, fixed assets, real
property or improvements, or for replacements or substitutions therefor or
additions thereto, that have been or should be, in accordance with GAAP,
reflected as additions to property, plant or equipment on a Consolidated balance
sheet of such Person.  For purposes of this definition, the purchase
price of equipment that is purchased simultaneously with the trade in of
existing equipment or with insurance proceeds shall be included in Capital
Expenditures only to the extent of the gross amount of such purchase price less
the credit granted by the seller of such equipment for the equipment being
traded in at such time or the amount of such insurance proceeds, as the case may
be.

       

      “Capitalized
Leases” means all leases that have been or should be, in accordance with
GAAP, recorded as capitalized leases.

       

      “Cash
Equivalents” means any of the following, to the extent owned by the
Parent or any of its Subsidiaries free and clear of all Liens other than Liens
permitted by Section 5.02(a)
and having a maturity of not greater than 180 days from the date of acquisition
thereof:  (a) readily marketable direct obligations of the
Government of the United States or any agency or instrumentality thereof or
obligations unconditionally guaranteed by the full faith and credit of the
Government of the United States; (b) insured certificates of deposit of or
time deposits with any commercial bank that is a Second Lien Lender or a member
of the Federal Reserve System, issues (or the parent of which issues) commercial
paper rated as described in clause (c) below, is organized under the laws
of the United States or any State thereof and has combined capital and surplus
of at least $500,000,000; (c) commercial paper in an aggregate amount of no
more than $1,000,000 per issuer outstanding at any time issued by any
corporation organized under the laws of any State of the United States and rated
at least “Prime-1” (or the then equivalent grade) by Moody’s or “A-1” (or the
then equivalent grade) by S&P; (d) marketable securities (i) issued or
directly and unconditionally guaranteed as to interest and principal by the
Government of the United States or (ii) issued by any agency of the Government
of the United States the obligations of which are backed by the full faith and
credit of the United States and (e) marketable direct obligations issued by any
State of the United States of or any political subdivision thereof or any public
instrumentality thereof, in each case having, at the time of the acquisition
thereof, a rating of at least “A-1” (or the then equivalent grade) from S&P or at least “Prime-1”
(or the then equivalent grade) from Moody’s; Investments,
classified in accordance with GAAP as Current Assets of the Borrower or any of
its Subsidiaries, in money market investment programs registered under the
Investment Company Act of 1940, as amended, which are administered by financial
institutions that have the highest rating obtainable from either Moody’s or
S&P, and the portfolios of which are limited solely to Investments of the
character, quality and maturity described in clauses (a), (b), (c), (d) and
(e) of this definition.

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

       

      “Cash Interest
Expense” means, for any period, (a) interest expense for such period,
minus (b) the sum of
(i) interest on any Debt paid by the increase in the principal amount of such
debt including by issuance of additional Debt of such kind, (ii) amortization of
debt issuance costs, debt discount or premium and other financing fees and
expenses incurred by the Parent or any of its Subsidiaries, (iii) gross interest
income of the Parent and its Subsidiaries (excluding interest income on finance
receivables), (iv) any other non-cash items that would otherwise be included in
interest expense, (v) any cash items related to the Transaction that would
otherwise be included in interest expense that are capitalized and amortized in
a future period, (vi) to the extent included in interest expense for such
period, fees and expenses associated with obtaining Hedge Agreements permitted
hereunder, and (vii) to the extent included in interest expense for such period,
fees and expenses associated with any Investment, recapitalization, issuances of
Equity Interest or issuances of Debt (whether or not consummated), in each case,
not prohibited by this Agreement, in each case as determined for the Parent and
its Subsidiaries on a Consolidated basis in accordance with GAAP.

       

      “CERCLA”
means the Comprehensive Environmental Response, Compensation and Liability Act
of 1980, as amended from time to time.

       

      “CERCLIS”
means the Comprehensive Environmental Response, Compensation and Liability
Information System maintained by the U.S. Environmental Protection
Agency.

       

      “CFC” means
an entity that is a controlled foreign corporation under Section 957 of the
Internal Revenue Code.

       

      “Change
of Control” means the occurrence of any of the following:  (a)
after the consummation of a Qualified Public Offering,
any Person or two or more Persons acting in concert (other than the
Equity Investors) shall have acquired beneficial ownership (within the meaning
of Rule 13d-3 of the Securities and Exchange Commission under the Securities
Exchange Act of 1934 but
excluding any employee benefit plan of such Person and its subsidiaries, and any
Person or entity acting in its capacity as trustee, agent or other fiduciary or
administrator of any such plan), directly or indirectly, of Voting Interests of
the Borrower (or other securities convertible into such Voting Interests)
representing more than the greater of (i) 35% of the combined voting power of
all Voting Interests of the Parent and
(ii) the percentage of the then outstanding Equity Interests of the Borrower
having ordinary voting power owned,
directly
or indirectly,
beneficially and of record by the Equity Investors; (b) during any period
of up to 12 consecutive months, commencing after the date of the consummation of
a Qualified Public Offering,
Continuing Directors shall cease for any reason to constitute a majority of the
board of directors of the Parent; (c) prior to the consummation of a Qualified
Public Offering,
any Person or two or more Persons acting in concert (other than the
Equity Investors) shall have acquired by contract or otherwise the power to
elect a majority of the board of directors of the Parent; (d) the Parent shall
cease to, directly or indirectly, own 100% of the Equity Interests in the
Borrower and, except as a result of a transaction permitted by Section 5.02(d)(iii),
the Company; (e) prior to the consummation of a Qualified Public Offering, the
Equity Investors (or their investing affiliates) shall cease to own, directly or
indirectly, of record and beneficially an amount of Equity Interests of the
Parent having ordinary voting power that is at
least 51% of the amount of Equity Interests of the Parent having ordinary voting
power owned, directly or indirectly, by the Equity Investors of record and
beneficially as of the Effective Date; or (f) the occurrence of a “change of
control”, “change in control” or similar circumstance under the Second Lien Term
Loan Agreement.

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

       

      “Closing Date
Limitations” means that, on the Effective Date and the date of the
Initial Extension of Credit, (a) to the extent any Subsidiary Guaranty or
Collateral cannot reasonably be provided after the use by the Loan Parties of
commercially reasonable efforts to do so (to the extent that the provision of
such Subsidiary Guaranty or Collateral is required by the terms hereof or the
Collateral Documents), the delivery of such Subsidiary Guaranty and/or
Collateral shall not constitute a condition precedent to the availability of the
Facility on such date, so long as the Loan Parties shall have entered into
arrangements mutually acceptable to the Loan Parties and the Administrative
Agent to obtain the same, and (b) other than in respect of
the  Effective Date Representations, the representations of the Loan
Parties in respect of the Company and its Subsidiaries set forth in Section 4.01
shall not apply to the Initial Extension of Credit.

       

      “Collateral”
means all “Collateral” and “Mortgaged Property” referred to in the Collateral
Documents and all other property that is or is intended to be subject to any
Lien in favor of the Collateral Agent for the benefit of the Secured
Parties.

       

      “Collateral
Agent” has the meaning specified in the recital of parties to this
Agreement.

       

      “Collateral
Documents” means the Security Agreement, the Mortgages, the Intellectual
Property Security Agreement, each of the collateral documents, instruments and
agreements delivered pursuant to Section 5.01(j),
and each other agreement that creates or purports to create a Lien in favor of
the Collateral Agent for the benefit of the Secured Parties.

       

      “Commitment”
means, with respect to any Second Lien Lender at any time, the amount set forth
opposite such Second Lien Lender’s name on Schedule I hereto under the
caption “Commitment” or, if such Second Lien Lender has entered into one or more
Assignment and Acceptances, set forth for such Second Lien Lender in the
Register maintained by the Administrative Agent pursuant to Section 9.07(d)
as such Second Lien Lender’s “Commitment”.

       

      “Communications”
has the meaning specified in Section 9.02(b).

       

      “Company”
means Unitek USA, LLC.

       

      “Company Material
Adverse Effect” means any event, occurrence, violation, inaccuracy,
circumstance or other matter which has or is reasonably likely to have a
material adverse effect on (i) the business, assets, properties,
operations, financial condition or results of operations of the Company and its
Subsidiaries taken as a whole, or (ii) the ability of the Company to
consummate the transactions contemplated by the Purchase Agreement or any other
agreement, document, or instrument or certificate contemplated by the Purchase
Agreement or to be executed by the Company in connection with the consummation
of the transactions contemplated by the Purchase Agreement.

       

      “Confidential
Information” means confidential information that any Loan Party furnishes
to any Agent or any Second Lien Lender, but does not include any such
information that is or becomes generally available to the public, other than
through a breach by such Agent or Second Lien Lender of Section 9.11, or
that is or becomes available to such Agent or such Second Lien Lender from a
source other than the Loan Parties that is not, to the best of such Agent’s or
such Second Lien Lender’s knowledge, acting in violation of a confidentiality
agreement with a Loan Party.

       

      “Consolidated”
refers to the consolidation of accounts in accordance with
GAAP.

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

      “Continuing
Directors” means the directors of the Parent on the Effective Date as
elected or appointed after giving effect to the Acquisition and the transactions
contemplated thereby and each other director if, in each case, such other
director’s nomination for election to the board of directors of the Parent is
recommended by at least a majority of the then Continuing Directors or by one or
more Equity Investors or Persons nominated by one or more of the Equity
Investors.

       

      “Current
Assets” of any Person means all assets of such Person that would, in
accordance with GAAP, be classified as current assets of a company conducting a
business the same as or similar to that of such Person, after deducting adequate
reserves in each case in which a reserve is proper in accordance with GAAP but
excluding amounts related to current or deferred Taxes based on income or
profits.

       

      “Current
Liabilities” of any Person means all Debt of such Person that by its
terms is payable on demand or matures within one year after the date of
determination (excluding (a) any Debt (i) renewable or extendible, at the option
of such Person, to a date more than one year from such date or (ii) arising
under a revolving credit or similar agreement that obligates the lender or
lenders to extend credit during a period of more than one year from such date,
(b) the current portion of any long-term Debt, (c) outstanding Revolving
Credit Advances and Swing Line Advances (in each case, as defined in the First
Lien Credit Agreement), (d) accruals of Consolidated interest expense (excluding
Consolidated interest expense that is due and unpaid), (e) accruals for
current or deferred Taxes based on income or profits and (f) accruals of
any costs or expenses related to restructuring reserves to the extent permitted
to be included in the calculation of EBITDA.

       

      “Debt” of
any Person means, without duplication, (a) all indebtedness of such Person
for borrowed money, (b) all Obligations of such Person for the deferred
purchase price of property or services (other than trade payables and accrued
obligations incurred in the ordinary course of such Person’s business, customary
indemnification payments under purchase agreements in respect of Dispositions,
and any earn-out obligation until such obligation appears in the liability
section of the balance sheets of such Person), (c) all Obligations of such
Person evidenced by notes, bonds, debentures or other similar instruments,
(d) all Obligations of such Person created or arising under any conditional
sale or other title retention agreement with respect to property acquired by
such Person (even though the rights and remedies of the seller or lender under
such agreement in the event of default are limited to repossession or sale of
such property), (e) all Obligations of such Person as lessee under
Capitalized Leases, (f) all Obligations of such Person under acceptance,
letter of credit or similar facilities, (g) all Obligations of such Person
in respect of Disqualified Equity Interests, (h) all Obligations of such
Person in respect of Hedge Agreements, valued at the Agreement Value thereof,
(i) all Guarantee Obligations and Synthetic Debt of such Person and
(j) all indebtedness and other payment obligations referred to in
clauses (a) through (i) above of another Person secured by (or for which
the holder of such Debt has an existing right, contingent or otherwise, to be
secured by) any Lien on property (including, without limitation, accounts and
contract rights) owned by such Person, even though such Person has not assumed
or become liable for the payment of such indebtedness or other payment
Obligations.

       

      “Debt for Borrowed
Money” of any Person means, at any date of determination, the sum of,
without duplication, the principal amount of (a) Debt of the types referred to
in clauses (a), (c), (e) and (f) (but excluding undrawn amounts under Letters of
Credit) of the definition thereof, and (b) all Synthetic Debt of such Person at
such date.

       

      “Default”
means any Event of Default or any event that would constitute an Event of
Default but for the passage of time or the requirement that notice be given or
both.

       

      “Default
Interest” has the meaning specified in Section 2.07(b).

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

       

      “Defaulted
Advance” means, with respect to any Second Lien Lender at any time, the
portion of any Advance required to be made by such Second Lien Lender to the
Borrower pursuant to Section 2.01 or
2.02 at or prior to such time that has not been made by such Second Lien
Lender or by the Administrative Agent for the account of such Second Lien Lender
pursuant to Section 2.02(e)
as of such time.  In the event that a portion of a Defaulted Advance
shall be deemed made pursuant to Section 2.16(a),
the remaining portion of such Defaulted Advance shall be considered a Defaulted
Advance originally required to be made pursuant to Section 2.01 on
the same date as the Defaulted Advance so deemed made in part.

       

      “Defaulted
Amount” means, with respect to any Second Lien Lender at any time, any
amount required to be paid by such Second Lien Lender to any Agent or any other
Second Lien Lender hereunder or under any other Loan Document at or prior to
such time that has not been so paid as of such time, including, without
limitation, any amount required to be paid by such Second Lien Lender to
(a) the Administrative Agent pursuant to Section 2.02(d)
to reimburse the Administrative Agent for the amount of any Advance made by the
Administrative Agent for the account of such Second Lien Lender, (b) any
other Second Lien Lender pursuant to Section 2.14 to
purchase any participation in Advances owing to such other Second Lien Lender
and (c) any Agent pursuant to Section 7.05 to
reimburse such Agent for such Second Lien Lender’s ratable share of any amount
required to be paid by the Second Lien Lenders to such Agent as provided
therein.  In the event that a portion of a Defaulted Amount shall be
deemed paid pursuant to Section 2.16(b),
the remaining portion of such Defaulted Amount shall be considered a Defaulted
Amount originally required to be paid hereunder or under any other Loan Document
on the same date as the Defaulted Amount so deemed paid in part.

       

      “Defaulting Second
Lien Lender” means, at any time, any Second Lien Lender that, at such
time, (a) owes a Defaulted Advance or a Defaulted Amount, (b) has notified
the Administrative Agent and/or the Borrower that it does not intend to comply
with Sections 2.01 or
2.02 or (c) shall take any action or be the subject of any action or
proceeding of a type described in Section 6.01(f).

       

      “Disposition”
(or similar words such as “Dispose”)
means any sale, lease, transfer or other conveyance.

       

      “Disqualified
Equity Interest” means, with respect to any Person, any Equity Interest
of such Person which, by its terms, or by the terms of any security into which
it is convertible or for which it is putable or exchangeable, or upon the
happening of any event, matures or is mandatorily Redeemable (other than solely
for Equity Interests which are not Disqualified Equity Interests) pursuant to a
sinking fund obligation or otherwise, or is Redeemable at the option of the
holder thereof (other than solely as a result of a change of control or asset
sale), in whole or in part, in each case prior to the date 91 days after the
Scheduled Termination Date with respect to the Advances; provided, however, that if such Equity
Interests are issued to any plan for the benefit of employees of the Parent or
its Subsidiaries or by any such plan to such employees, such Equity Interests
shall not constitute Disqualified Equity Interests solely because they may be
required to be repurchased in order to satisfy applicable statutory or
regulatory obligations.

       

      “Disqualified
Institution” means (a) any Persons who are competitors of the Borrower
and its Subsidiaries and (b) the financial institutions identified to the
Administrative Agent, in each case prior to the Effective Date.

       

      “Earn-Out
Obligations” has the meaning specified in Section 5.02(f)(xvi).

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

      “EBITDA”
means, for any period, the sum of (a) net income (or net loss), plus (b) the following to the
extent deducted in calculating such net income (or net loss): (i) interest
expense, (ii) income tax expense, (iii) depreciation expense and
(iv) amortization expense, in each case of the Parent and its Subsidiaries,
determined in accordance with GAAP for such period, plus (c) to the extent
deducted in calculating such net income (or net loss), the Specified
Adjustments.

       

      “Effective
Date” has the meaning specified in Section 3.01.

       

      “Effective Date
Representations” shall mean, those representations, which are material to
the Second Lien Lenders, that are made by the Company as set forth in the
Purchase Agreement in respect of the Target and its Subsidiaries, a breach of
any of which would permit the Parent and/or the Borrower to terminate their
respective obligations under the Purchase Agreement and those representations
and warranties specified in Section 4.01(a),
(c), (d), (e) and (k).

       

      “Eligible
Assignee” means with respect to any Facility, (a) a Second Lien Lender;
(b) an Affiliate of a Second Lien Lender; (c) an Approved Fund; and (d) any
other Person (other than an individual or a Disqualified Institution) approved
by the Administrative Agent and unless an Event of Default arising under Section 6.01(a)
or (f) has
occurred and is continuing, the Borrower (each such approval not to be
unreasonably withheld or delayed).

       

      “Environmental
Action” means any action, suit, demand, demand letter, claim, notice of
non-compliance or violation, notice of liability or potential liability,
investigation, proceeding, consent order or consent agreement relating to any
Environmental Law, any Environmental Permit or Hazardous Material or arising
from alleged injury or threat to health or safety as such relate to exposure to
Hazardous Materials, or to the environment, including, without limitation,
(a) by any governmental or regulatory authority for enforcement, cleanup,
removal, response, remedial or other actions or damages and (b) by any
governmental or regulatory authority or third party for damages, contribution,
indemnification, cost recovery, compensation or injunctive relief.

       

      “Environmental
Law” means any applicable Federal, state, local or foreign statute, law,
ordinance, rule, regulation, code, order, writ, judgment, injunction, decree or
legally binding judicial or agency interpretation, policy or guidance relating
to pollution or protection of the environment, human, health (in each case as it
relates to Hazardous Materials) or natural resources, including, without
limitation, those relating to the use, handling, transportation, treatment,
storage, disposal, release or discharge of Hazardous Materials.

       

      “Environmental
Permit” means any permit, approval, identification number, license or
other authorization required under any Environmental Law.

       

      “Equity
Contribution” has the meaning specified in the Preliminary
Statements.

       

      “Equity
Interests” means, with respect to any Person, shares of capital stock of
(or other ownership or profit interests in) such Person, warrants, options or
other rights for the purchase or other acquisition from such Person of shares of
capital stock of (or other ownership or profit interests in) such Person,
securities convertible into or exchangeable for shares of capital stock of (or
other ownership or profit interests in) such Person or warrants, rights or
options for the purchase or other acquisition from such Person of such shares
(or such other interests), and other ownership or profit interests in such
Person (including, without limitation, partnership, member or trust interests
therein), whether voting or nonvoting, and whether or not such shares, warrants,
options, rights or other interests are authorized or otherwise existing on any
date of determination.

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

      “Equity
Investors” means (a) the Sponsor, (b) investing affiliates of the
Sponsor, (c) any Person making an Investment in the Parent or its Subsidiaries
concurrently with, and with the consent of, the Sponsor, (d) the members of
management of the Parent and its Subsidiaries who are investors, directly or
indirectly, in the Borrower and (e) other investors reasonably acceptable to the
Administrative Agent which invest on substantially the same terms as the
Sponsor.

       

      “ERISA”
means the Employee Retirement Income Security Act of 1974, as amended from time
to time, and any applicable regulation promulgated thereunder.

       

      “ERISA
Affiliate” means any Person that for purposes of Title IV of ERISA
is a member of the controlled group of any Loan Party, or under common control
with any Loan Party, within the meaning of Section 414 of the Internal
Revenue Code.

       

      “ERISA
Event” means (a) the occurrence of a reportable event, as defined in
Section 4043 of ERISA, with respect to any Plan unless the 30-day notice
requirement with respect to such event has been waived by the PBGC; (b) the
application for a minimum funding waiver with respect to a Plan; (c) the
provision by the administrator of any Plan pursuant to Section 4041(a)(2)
of ERISA of a notice of intent to terminate such Plan in a distress termination
described in Section 4041(c) of ERISA; (d) the cessation of operations at a
facility of any Loan Party or any ERISA Affiliate in the circumstances described
in Section 4062(e) of ERISA; (e) the withdrawal by any Loan Party or
any ERISA Affiliate from a Multiple Employer Plan during a plan year for which
it was a substantial employer, as defined in Section 4001(a)(2) of ERISA;
(f) the conditions for imposition of a lien under Section 302(f) of
ERISA shall have been met with respect to any Plan; (g) the adoption of an
amendment to a Plan requiring the provision of security to such Plan pursuant to
Section 307 of ERISA; or (h) the institution by the PBGC of
proceedings to terminate a Plan pursuant to Section 4042 of ERISA, or the
occurrence of any event or condition described in Section 4042 of ERISA
that constitutes grounds for the termination of, or the appointment of a trustee
to administer, such Plan.

       

      “Escrow
Bank” has the meaning specified in Section 2.16(c).

       

      “Eurocurrency
Liabilities” has the meaning specified in Regulation D of the Board
of Governors of the Federal Reserve System, as in effect from time to
time.

       

      “Eurodollar
Rate” means, for any Interest Period for all Eurodollar Rate Advances
comprising part of the same Borrowing:

       

      (a)           the
rate per annum equal to the rate determined by the Administrative Agent to be
the offered rate that appears on the page of the LIBOR I screen (or any
successor thereto) that displays an average British Bankers Association Interest
Settlement Rate for deposits in U.S. Dollars (for delivery on the first day of
such Interest Period) with a term equivalent to such Interest Period, determined
as of approximately 11:00 A.M. (London time) two Business Days prior to the
first day of such Interest Period, or

       

      (b)           if
the rate referenced in the preceding subsection (a) does not appear on such page
or service or such page or service shall cease to be available, the rate per
annum equal to the rate determined by the Administrative Agent to be the offered
rate on such other page or other service that displays an average British
Bankers Association Interest Settlement Rate for deposits in U.S. Dollars (for
delivery on the first day of such Interest Period) with a term equivalent to
such Interest Period, determined as of approximately 11:00 A.M. (London time)
two Business Days prior to the first day of such Interest Period,
or

       

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

      (c)           if
the rates referenced in the preceding subsections (a) and (b) are not available,
the rate per annum determined by the Administrative Agent as the rate of
interest (rounded upward to the next 1/100th of 1%) at which deposits in U.S.
Dollars for delivery on the first day of such Interest Period in same day funds
in the approximate amount of the Eurodollar Rate Advance being made, continued
or converted by the Administrative Agent and with a term equivalent to such
Interest Period would be offered by the Administrative Agent’s London Branch to
major banks in the offshore U.S. Dollar market at their request at approximately
11:00 A.M. (London time) two Business Days prior to the first day of such
Interest Period.

       

      The
“Eurodollar Rate” shall solely be a reference rate and no Second Lien Lender
shall be entitled to any gross-ups or payments of breakage costs with respect
thereto.

       

      “Eurodollar Rate
Advance” means an Advance that bears interest as provided in Section 2.07(a)(ii).

       

      “Events of
Default” has the meaning specified in Section 6.01.

       

      “Excess
Amount” has the meaning specified in Section 5.02(n).

       

      “Excess Cash
Flow” means, for any period,

       

      (a)              
the sum of:

       

      (i)           EBITDA
plus

       

      (ii)           if
there was a net increase in Consolidated Current Liabilities of the Borrower and
its Subsidiaries during such period, the amount of such net increase plus

       

      (iii)          if
there was a net decrease in Consolidated Current Assets (excluding cash and Cash
Equivalents) of the Borrower and its Subsidiaries during such period, the amount
of such net decrease less

       

      (b)             
the sum of:

       

      (i)           cash
payments made in satisfaction of non-current liabilities plus

       

      (ii)           the
amount of any taxes, including taxes based on income, profits or capital, state,
franchise and similar taxes, foreign withholding taxes and foreign unreimbursed
value added Taxes (to the extent added in calculating EBITDA), and including
penalties and interest on any of the foregoing, in each case, payable by the
Borrower and its Subsidiaries (to the extent not otherwise deducted in
calculating EBITDA), including payments made pursuant to any tax sharing
agreements or arrangements among the Borrower, its Subsidiaries and any direct
or indirect parent company of the Borrower (so long as such tax sharing payments
are attributable to the operations of the Borrower and its Subsidiaries) plus

       

      (iii)           consolidated
Cash Interest Expense, including costs of surety bonds in connection with
financing activities (to the extent included in Consolidated Cash Interest
Expense), to the extent not otherwise deducted in calculating EBITDA plus

       

      (iv)           if
there was a net decrease in Consolidated Current Liabilities of the Borrower and
its Subsidiaries during such period, the amount of such net decrease plus

      
        
           

        

        
          11

          
            

          

        

        
           

        

      

       

      (v)           if
there was a net increase in Consolidated Current Assets (excluding cash and Cash
Equivalents) of the Borrower and its Subsidiaries during such period, the amount
of such net increase plus

       

      (vi)           the
aggregate amount of Capital Expenditures of the Borrower and its Subsidiaries
paid in cash during such period plus

       

      (vii)         the
aggregate amount of all scheduled principal payments of Debt made during such
period (other than pursuant to Section 2.06)
plus

       

      (viii)        the
aggregate principal amount of all optional prepayments of Debt (other than Debt
under the Loan Documents or Debt that is revolving in nature except to the
extent such Debt is permanently reduced in connection with such repayment) made
during such period plus

       

      (ix)           the
aggregate principal amount of Net Cash Proceeds of the type described in clause
(a) or (d) of the definition thereof to the extent that the applicable Net Cash
Proceeds were taken into account in calculating EBITDA plus

       

      (x)           to
the extent not deducted in the computation of Net Cash Proceeds in respect of
any Disposition giving rise thereto, the amount of any mandatory permanent
prepayment of Debt (other than Debt hereunder or under any other Loan Document),
together with any interest, premium or penalties required to be paid (and
actually paid) in connection therewith plus

       

      (xi)           proceeds
received by or on behalf of the Borrower and its Subsidiaries from insurance
claims with respect to casualty events, business interruption or product recalls
plus

       

      (xii)          the
aggregate amount of cash applied to Investments permitted pursuant to Section 5.02(f)
(other than Section 5.02(f)(iii))
during such period plus

       

      (xiii)         letter
of credit fees paid in cash, to the extent not otherwise deducted in calculating
EBITDA plus

       

      (xiv)         the
aggregate of all extraordinary, unusual or nonrecurring cash charges, to the
extent not otherwise deducted in calculating EBITDA plus

       

      (xv)           cash
fees and expenses incurred in connection with the Transactions, any Disposition
permitted and not prohibited under Section 5.02(e),
any Investment permitted under Section 5.02(f),
any recapitalization, any equity offering, the issuance or incurrence of any
Debt or any exchange, refinancing or other early extinguishment of Debt
permitted by this Agreement (in each case, whether or not consummated) plus

       

      (xvi)         cash
indemnity payments received pursuant to indemnifications provisions in any
agreement in connection with the Acquisition or any Permitted Acquisition plus

       

      (xvii)        cash
from operations used to consummate the Acquisition plus

      
        
           

        

        
          12

          
            

          

        

        
           

        

      

       

      (xviii)       Net
Cash Proceeds pending reinvestment in accordance with Section 2.06(b)
plus

       

      (xix)         the
amount of management, monitoring, consulting and advisory fees and related
expenses paid to the Sponsor permitted by Section 5.01(i),
to the extent not otherwise deducted in calculating EBITDA plus

       

      (xx)          cash
expenditures in respect of Hedging Agreements (including net cash losses
resulting in such period from Hedging Agreements to the extent not otherwise
deducted in calculating EBITDA plus

       

      (xxi)         the
amount of payments made by the Borrower to the extent permitted by of Section 5.02(g)
(other than clause (iv) thereof) plus

       

      (xxii)        amounts
added to EBITDA pursuant to the definition of “Specified
Adjustments”.

       

      “Excluded
Issuance” means (a) an issuance and sale of common Equity Interests of
the Parent (i) to the Equity Investors (including any Equity Interests issued
upon exercise of any warrant or option) or (ii) to the extent the proceeds of
which are used to implement Investments permitted by this Agreement or fees or
expenses incurred in connection therewith, and (b) any contribution by the
Equity Investors to the capital of the Parent in respect of its Equity
Interests, in the case of each of (a) and (b), to the extent such Equity
Interests are contributed to the Borrower.

       

      “Existing
Debt” means Debt outstanding on the Effective Date under (i) that certain
Senior Subordinated Loan Agreement, dated as of December 29, 2006, by and
among Unitek USA, LLC, Directsat USA, LLC, Advanced Communications USA, LLC, FTS
USA, LLC, WTW USA, LLC and UDA Lender, L.P., a Delaware limited partnership and
(ii) that certain Loan and Security Agreement dated May 11, 2006 by and
among Unitek USA, LLC, Directsat USA, LLC, Advanced Communications USA,
LLC,  FTS USA, LLC, WTW USA, LLC and Citizens Bank of
Pennsylvania.

       

      “Extraordinary
Receipt” means any cash received by or paid to or for the account of any
Person not in the ordinary course of business, including, without limitation,
tax refunds, pension plan reversions, proceeds of insurance (including, without
limitation, any key man life insurance but excluding proceeds of business
interruption insurance to the extent such proceeds constitute compensation for
lost earnings), condemnation awards (and payments in lieu thereof), indemnity
payments and any purchase price adjustment received in connection with any
purchase agreement (including any working capital adjustment received in
connection with the Purchase Agreement); provided, however, that an
Extraordinary Receipt shall not include cash receipts received from proceeds of
insurance, condemnation awards (or payments in lieu thereof) or indemnity
payments to the extent that such proceeds, awards or payments are received by
any Person in respect of any third party claim against such Person and applied
to pay (or to reimburse such Person for its prior payment of) such claim and the
costs and expenses of such Person with respect thereto.

       

      “Facility”
means, at any time, the aggregate amount of the Second Lien Lenders’ Commitments
at such time.

       

      “Federal Funds
Rate” means, for any period, a fluctuating interest rate per annum equal
for each day during such period to the weighted average of the rates on
overnight Federal funds transactions with members of the Federal Reserve System
arranged by Federal funds brokers, as published for such day (or, if such day is
not a Business Day, for the next preceding Business Day) by the Federal Reserve
Bank of New York, or, if such rate is not so published for any day that is
a Business Day, the average of the quotations for such day for such transactions
received by the Administrative Agent from three Federal funds brokers of
recognized standing selected by it.

      
        
           

        

        
          13

          
            

          

        

        
           

        

      

       

      “First Lien
Administrative Agent” has the meaning ascribed to “Administrative Agent”
in the First Lien Credit Agreement.

       

      “First Lien
Collateral Agent” has the meaning ascribed to “Collateral Agent” in the
First Lien Credit Agreement.

       

      “First Lien
Collateral Documents” means the documents that are specified as
“Collateral Documents” in the First Lien Credit Agreement.

       

      “First Lien Credit
Agreement” has the meaning specified in the Preliminary
Statements.

       

      “First Lien Credit
Facilities” means the senior, first-priority secured financing to be
provided to the Borrower concurrently with the Facility pursuant to the First
Lien Credit Agreement.

       

      “First Lien Loan
Documents” means the documents that are specified as “Loan Documents” in
the First Lien Credit Agreement.

       

      “Fiscal
Year” means a fiscal year of the Borrower and its Consolidated
Subsidiaries ending on December 31 in any calendar year.

       

      “Fixed Charge
Coverage Ratio” means, for any Measurement Period, the ratio of
(a)(i)  EBITDA less (ii) the amount of
Capital Expenditures that are not financed through the incurrence of
non-revolving long term Debt permitted by this Agreement to (b) the sum of
(i) Cash Interest Expense, plus (ii) scheduled
principal payments on all Debt for Borrowed Money paid in cash, including
without limitation under this Agreement, plus (iii) taxes on
income paid in cash, in each case as determined for the Parent and its
Subsidiaries on a Consolidated basis.

       

      “Fund”
means any Person (other than an individual) that is or will be engaged in
making, purchasing, holding or otherwise investing in commercial loans and
similar extensions of credit in the ordinary course of its
business.

       

      “GAAP” has
the meaning specified in Section 1.03(a).

       

      “Governmental
Authority” means any nation or government, any state, province, city,
municipal entity or other political subdivision thereof, and any governmental,
executive, legislative, judicial, administrative or regulatory agency,
department, authority, instrumentality, commission, board, bureau or similar
body, whether federal, state, provincial, territorial, local or
foreign.

       

      “Governmental
Authorization” means any authorization, approval, consent, franchise,
license, covenant, order, ruling, permit, certification, exemption, notice,
declaration or similar right, undertaking or other action of, to or by, or any
filing, qualification or registration with, any Governmental
Authority.

       

      
        
           

        

        
          14

          
            

          

        

        
           

        

      

      “Guarantee
Obligation” means, with respect to any Person, any Obligation or
arrangement of such Person to guarantee or intended to guarantee any Debt
(“primary
obligations”) of any other Person (the “primary
obligor”) in any manner, whether directly or indirectly, including,
without limitation, (a) the direct or indirect guarantee, endorsement (other
than for collection or deposit in the ordinary course of business), co-making,
discounting with recourse or sale with recourse by such Person of the Obligation
of a primary obligor, (b) the Obligation to make take-or-pay or similar
payments, if required, regardless of nonperformance by any other party or
parties to an agreement or (c) any Obligation of such Person, whether or not
contingent, (i) to purchase any such primary obligation or any property
constituting direct or indirect security therefor, (ii) to advance or
supply funds (A) for the purchase or payment of any such primary obligation
or (B) to maintain working capital or equity capital of the primary obligor
or otherwise to maintain the net worth or solvency of the primary obligor,
(iii) to purchase property, assets, securities or services primarily for
the purpose of assuring the owner of any such primary obligation of the ability
of the primary obligor to make payment of such primary obligation or
(iv) otherwise to assure or hold harmless the holder of such primary
obligation against loss in respect thereof.  The amount of any
Guarantee Obligation shall be deemed to be an amount equal to the stated or
determinable amount of the primary obligation in respect of which such Guarantee
Obligation is made (or, if less, the maximum amount of such primary obligation
for which such Person may be liable pursuant to the terms of the instrument
evidencing such Guarantee Obligation) or, if not stated or determinable, the
maximum reasonably anticipated liability in respect thereof (assuming such
Person is required to perform thereunder), as determined by such Person in good
faith.

       

      “Guaranteed
Obligations” has the meaning specified in Section 8.01(a).

       

      “Guarantors”
means the Parent and the Subsidiary Guarantors.

       

      “Guaranty”
means the Parent Guaranty and the Subsidiary Guaranty.

       

      “Guaranty
Supplement” has the meaning specified in Section 8.05.

       

      “Hazardous
Materials” means (a) any chemicals, materials or substances designated,
classified or regulated as hazardous or toxic or as a pollutant or contaminant
under any Environmental Law, and (b) petroleum or petroleum products,
by-products or breakdown products, radioactive materials, asbestos-containing
materials and polychlorinated biphenyls.

       

      “Hedge
Agreements” means interest rate swap, cap or collar agreements, interest
rate future or option contracts, currency swap agreements, currency future or
option contracts and other hedging agreements.

       

      “Indemnified
Cost” has the
meaning specified in Section 7.05(a).

       

      “Indemnified
Party” has the meaning specified in Section 9.04(b).

       

      “Initial Extension
of Credit” means the initial Borrowing hereunder.

       

      “Initial Second
Lien Lenders” means the Initial Seller Holders and the other Persons
listed on the signature pages hereof as the Initial Second Lien
Lenders.

       

      “Initial Seller
Holders” means Joseph D. Kestenbaum and Unitek Investments,
L.P.

       

      “Intercreditor
Agreement” means the Intercreditor Agreement in substantially the form of
Exhibit G between the First Lien Collateral Agent and the Collateral
Agent.

       

      “Interest Coverage
Ratio” means, for any Measurement Period, the ratio of (a) EBITDA to
(b) Cash Interest Expense, in each case as determined for the Parent and its
Subsidiaries on a Consolidated basis.

      
        
           

        

        
          15

          
            

          

        

        
           

        

      

      “Interest
Period” means the period commencing on the Effective Date and ending on
the last day of the third month thereafter and, thereafter, each subsequent
period commencing on the last day of the immediately preceding Interest Period
and ending on the last day of each third month thereafter.

       

      “Internal Revenue
Code” means the Internal Revenue Code of 1986, as amended from time to
time, and the regulations promulgated and rulings issued
thereunder.

       

      “Investment”
in any Person means any loan or advance to such Person, any purchase or other
acquisition of any Equity Interests or Debt or the assets comprising a division
or business unit or a substantial part or all of the business of such Person,
any capital contribution to such Person or any other direct or indirect
investment in such Person.

       

      “Lead
Arranger” has the meaning specified in the recital of parties to this
Agreement.

       

      “Lien”
means any lien, security interest or other charge or encumbrance of any kind, or
any other type of preferential arrangement, including, without limitation, the
lien or retained security title of a conditional vendor and any easement, right
of way or other encumbrance on title to real property.

       

      “Loan
Documents” means (a)(1) this Agreement, (2) the Notes, (3) the Collateral
Documents, (4) the Intercreditor Agreement and (5) the Guaranty, in each case as
amended, and (b) solely in the case of the Term C Advances, the First Lien
Credit Agreement.

       

      “Loan
Parties” means the Borrower and the Guarantors.

       

      “Management
Agreements” means (a) the Monitoring and Oversight Agreement dated as of
September 27, 2007, by and among the Company, Borrower, Parent and the
Sponsor and (b) the Financial Advisory Agreement, dated as of September 27,
2007, by and among the Company, Borrower, Parent and the Sponsor.

       

      “Margin
Stock” has the meaning specified in Regulation U.

       

      “Material Adverse
Change” means any material adverse change in the business, revenues,
operations, financial condition or liabilities (contingent or otherwise) of any
Loan Party or any of its Subsidiaries.

       

      “Material Adverse
Effect” means any event, occurrence, violation, inaccuracy, circumstance
or other matter which has or is reasonably likely to have a material adverse
effect on (i) after the Effective Date (A) the business, assets, properties,
operations, financial condition or results of operations of the Parent and the
Subsidiaries taken as a whole, or (B) the ability of the Loan Parties, taken as
a whole, to perform their obligations under the Loan Documents, or (ii) on or
prior to the Effective Date, a Company Material Adverse Effect.

       

      “Material
Debt” has the meaning specified in Section 6.01(e).

       

      “Measurement
Period” means, at any date of determination, the most recently completed
four consecutive fiscal quarters of the Parent ending on or prior to such date;
provided that for
purposes of determining Cash Interest Expense for the first three fiscal
quarters ending after the Effective Date, (i) in the case of the first fiscal
quarter ending after the Effective Date, “Measurement Period” shall refer to
Cash Interest Expense for such fiscal quarter multiplied by four,
(ii) in the case of the second fiscal quarter ending after the Effective Date,
“Measurement Period” shall refer to Cash Interest Expense for the two most
recently ended Financial Quarters multiplied by two and
(iii) in the case of the third fiscal quarter ending after the Effective Date,
“Measurement Period” shall refer to Cash Interest Expense for the three most
recently ended Financial Quarters multiplied by
4/3.

      
        
           

        

        
          16

          
            

          

        

        
           

        

      

      “Moody’s”
means Moody’s Investor Services, Inc.

       

      “Mortgaged
Properties” means each real property owned in fee, if any, which shall be
subject to a Mortgage delivered after the Effective Date pursuant to Section 5.01(j).

       

      “Mortgage”
has the meaning specified in Section 5.01(j)(iv).

       

      “Multiemployer
Plan” means a multiemployer plan, as defined in Section 4001(a)(3)
of ERISA, to which any Loan Party or any ERISA Affiliate is making or accruing
an obligation to make contributions, or has within any of the preceding five
plan years made or accrued an obligation to make contributions.

       

      “Multiple Employer
Plan” means a single employer plan, as defined in
Section 4001(a)(15) of ERISA, that is subject to Title IV of ERISA and
(a) is maintained for employees of any Loan Party or any ERISA Affiliate
and at least one Person other than the Loan Parties and the ERISA Affiliates or
(b) was so maintained and in respect of which any Loan Party or any ERISA
Affiliate could have liability under Section 4064 or 4069 of ERISA in the
event such plan has been or were to be terminated.

       

      “Net Cash
Proceeds” means, (a) with respect to any Disposition of any asset of the
Borrower or any of its Subsidiaries (other than Disposition of assets permitted
(or not expressly prohibited) pursuant to Section 5.02(e)(i)
through (xiv)),
the excess, if any, of (i) the sum of cash and Cash Equivalents received in
connection with such sale, lease, transfer or other disposition (including any
cash or Cash Equivalents received by way of deferred payment pursuant to, or by
monetization of, a note receivable or otherwise, but only as and when so
received) over (ii) the sum of (A) the principal amount, premium or penalty (if
any) of any Debt (other than Debt under the Loan Documents) that is secured by
such asset, (B) the reasonable and customary out-of-pocket costs, fees,
commissions, premiums and expenses incurred by the Borrower or its Subsidiaries,
(C) federal, state, provincial, foreign and local taxes reasonably estimated (on
a Consolidated basis) to be actually payable in connection therewith, and (D) a
reasonable reserve for any purchase price adjustment, any indemnification
payments (fixed and contingent) attributable to the seller’s obligations to the
purchaser undertaken by the Borrower or any of its Subsidiaries or any liability
associated therewith or retained by the Borrower or any Subsidiary in connection
with such  Disposition (but excluding any purchase price adjustment or
any indemnity which, by its terms, will not under any circumstances be made
prior to the Termination Date); provided, however, that Net
Cash Proceeds shall not include any such amounts to the extent such amounts are
(x) reinvested in the business of the Borrower and its Subsidiaries within nine
months after the date of receipt thereof or (y) committed to be reinvested in
the business of the Borrower and its Subsidiaries within nine months after the
date of receipt thereof, if such reinvestment is completed within 180 days after
the end of such nine month period;

       

      (b)           with
respect to the incurrence or issuance of any Debt (other than any Debt permitted
by Section 5.02(b))
by the Borrower or any of its Subsidiaries, the excess of (i) the sum of the
cash and Cash Equivalents received in connection with such incurrence or
issuance over (ii) Taxes and the underwriting discounts and commissions or other
similar payments, and other out-of-pocket costs, fees, commissions, premiums and
expenses incurred by the Borrower or any of its Subsidiaries in connection with
such incurrence or issuance to the extent such amounts were not deducted in
determining the amount referred to in clause (i);

      
        
           

        

        
          17

          
            

          

        

        
           

        

      

      (c)           with
respect to the sale or issuance of any Equity Interests (including, without
limitation, the receipt of any capital contribution) by any Person (other than
Excluded Issuances), an amount equal to the Applicable Equity Prepayment
Percentage of the excess of (i) the sum of the cash and Cash Equivalents
received in connection with such sale or issuance over (ii) Taxes and the
underwriting discounts and commissions or similar payments, and other
out-of-pocket costs, fees, commissions, premiums and expenses, incurred by the
Borrower or any of its Subsidiaries in connection with such sale or issuance to
the extent such amounts were not deducted in determining the amount referred to
in clause (i); and

       

      (d)           with
respect to any Extraordinary Receipt that is not otherwise included in clauses
(a), (b) or (c) above, the sum of the cash and Cash Equivalents received in
connection therewith in excess of all Taxes actually paid or estimated by the
Borrower to be payable in respect of the Extraordinary Receipt; provided, however, that Net Cash
Proceeds shall not include any such amounts to the extent such amounts are (x)
reinvested in the business of the Borrower and its Subsidiaries within nine
months after the date of receipt thereof or (y) committed to be reinvested in
the business of the Borrower and its Subsidiaries within nine months after the
date of receipt thereof, if such reinvestment is completed within 180 days after
the end of such nine month period.

       

      “Non-Consenting
Second Lien Lender” means, in the event that the Required Lenders have
agreed to any consent, waiver or amendment pursuant to Section 9.01
that requires the consent of one or more Second Lien Lenders in addition to the
Required Lenders, any Second Lien Lender who is entitled to agree to such
consent, waiver or amendment but who does not so agree.

       

      “Note”
means a promissory note of the Borrower payable to the order of any Second Lien
Lender, in substantially the form of Exhibit A hereto, evidencing the
indebtedness of the Borrower to such Second Lien Lender resulting from the
Advance made by such Second Lien Lender, as amended.

       

      “Notice of
Borrowing” has the meaning specified in Section 2.02(a).

       

      “NPL” means
the National Priorities List under CERCLA.

       

      “Obligation”
means, with respect to any Person, any payment, performance or other obligation
of such Person of any kind, including, without limitation, any liability of such
Person on any claim, whether or not the right of any creditor to payment in
respect of such claim is reduced to judgment, liquidated, unliquidated, fixed,
contingent, matured, disputed, undisputed, legal, equitable, secured or
unsecured, and whether or not such claim is discharged, stayed or otherwise
affected by any proceeding referred to in Section 6.01(g).  Without
limiting the generality of the foregoing, the Obligations of any Loan Party
under the Loan Documents include (a) the obligation to pay principal,
interest, charges, expenses, fees, attorneys’ fees and disbursements,
indemnities and other amounts payable by such Loan Party under any Loan Document
and (b) the obligation of such Loan Party to reimburse any amount in
respect of any of the foregoing that any Second Lien Lender, in its sole
discretion, may elect to pay or advance on behalf of such Loan
Party.

       

      “Other Second Lien
Lender” means the Term C Lenders.

       

      “Other
Taxes” has the meaning specified in Section 2.13(b).

       

      “Parent”
has the meaning specified in the recital of parties to this
Agreement.

       

      “Parent
Guaranty” means the guaranty of the Parent set forth in
Article VIII.

      
        
           

        

        
          18

          
            

          

        

        
           

        

      

      “Patriot
Act” means the Uniting and Strengthening America by Providing Appropriate
Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. 107-56,
signed into law October 26, 2001.

       

      “PBGC”
means the Pension Benefit Guaranty Corporation (or any successor).

       

      “Permitted
Acquisition” means any acquisition consummated pursuant to Section 5.02(f)(vii).

       

      “Permitted
Earn-Out Obligations” has the meaning specified in Section
5.02(f)(xvi).

       

      “Permitted
Encumbrances” means (a) easements, rights-of-way, zoning restrictions,
minor defects or irregularities in title and other similar encumbrances not
interfering in any material respect with the use of the property to which such
Lien is attached and (b) such other encumbrances specified in the
Mortgages.

       

      “Permitted
Liens” means each of the following: (a) Liens for taxes, assessments
and governmental charges or levies not overdue for more than 30 days and, if
overdue by more than 30 days (i) which are being contested in good faith by
appropriate proceedings for which adequate reserves have been established in
accordance with GAAP or (ii) with respect to which the failure to make such
payment could not, individually or in the aggregate with all such other
payments, reasonably be expected to have a Material Adverse Effect;
(b) Liens imposed by law, such as materialmen’s, mechanics’, carriers’,
workmen’s and repairmen’s Liens and other similar Liens arising in the ordinary
course of business securing obligations that (i) are not overdue for a
period of more than 30 days and (ii) and, if overdue by more than 30 days
(x) which are being diligently contested in good faith by appropriate
proceedings and for which adequate reserves in accordance with GAAP shall have
been set aside on its books or (y) with respect to which the failure to make
payment could not reasonably be expected to result in a Material Adverse Effect;
(c) pledges or deposits in the ordinary course of business to secure
obligations under workers’ compensation laws or similar legislation or to secure
public or statutory obligations; (d) Liens to secure the performance of bids,
trade contracts and leases (other than indebtedness for borrowed money),
statutory obligations, surety bonds (other than bonds related to judgments or
litigation), performance bonds and other obligations of a like nature incurred
in the ordinary course of business; (e) Liens securing judgments (or the payment
of money not constituting a Default under Section 6.01(g)
or securing appeal or other surety bonds related to such judgments); (f) Liens
arising by virtue of deposits made in the ordinary course of business to secure
liability for premiums to insurance carriers; (g) in respect of letters of
credit or bank guarantees that have been posted to support payment of the items
in clauses (c),
(d) or (f); and
(h) Permitted Encumbrances.

       

      “Permitted
Refinancing” means, with respect to any Person, any modification,
refinancing, refunding, renewal or extension of any Debt of such Person; provided that (a) the
principal amount (or accreted value, if applicable) thereof does not exceed the
principal amount (or accreted value, if applicable) of the Debt so modified,
refinanced, refunded, renewed or extended except by an amount equal to any
unpaid accrued interest and a premium thereon plus other reasonable amounts
paid, and fees and expenses incurred in connection with such modification,
refinancing, refunding, renewal or extension and by an amount equal to any
existing commitments unutilized thereunder or as otherwise permitted pursuant to
Section 5.02(b),
(b) such modification, refinancing, refunding, renewal or extension has a final
maturity date equal to or later than the final maturity date of, and has a
weighted average life to maturity equal to or greater than the weighted average
life to maturity of, the Debt being modified, refinanced, refunded, renewed or
extended, (c) if the Debt being modified, refinanced, refunded, renewed or
extended is subordinated in right of payment to the Advances, such modification,
refinancing, refunding, renewal or extension is subordinated in right of payment
to the Advances on terms not materially less favorable to the Loan Parties,
taken as a whole, than those contained in the documentation governing the Debt
being modified, refinanced, refunded, renewed or extended and (d) the terms and
conditions (including, if applicable, as to collateral) of any such modified,
refinanced, refunded, renewed or extended Debt are not materially less favorable
to the Loan Parties or the Second Lien Lenders than the terms and conditions of
the Debt being modified, refinanced, refunded, renewed or
extended.

      
        
           

        

        
          19

          
            

          

        

        
           

        

      

      “Person”
means an individual, partnership, corporation (including a business trust),
limited liability company, joint stock company, trust, unincorporated
association, joint venture or other entity, or a government or any political
subdivision or agency thereof.

       

      “Plan”
means a Single Employer Plan or a Multiple Employer Plan.

       

      “Platform”
has the meaning specified in Section 9.02(b).

       

      “Pull-Back
Amount” has the meaning specified in Section 5.02(n).

       

      “Purchase
Agreement” has the meaning specified in the Preliminary
Statements.

       

      “Qualified Public
Offering” shall mean the issuance by the Borrower or any direct or
indirect parent of the Borrower of its common Equity Interests in an
underwritten primary public offering (other than a public offering pursuant to a
registration statement on Form S-8) pursuant to an effective registration
statement filed with the U.S. Securities and Exchange Commission in accordance
with the Securities Act of 1933, as amended.

       

      “Redeemable”
means, with respect to any Equity Interest, any such Equity Interest that
(a) the issuer has undertaken to redeem at a fixed or determinable date or
dates, whether by operation of a sinking fund or otherwise, or upon the
occurrence of a condition not solely within the control of the issuer or
(b) is redeemable at the option of the holder.

       

      “Register”
has the meaning specified in Section 9.07(d).

       

      “Regulation
U” means Regulation U of the Board of Governors of the Federal
Reserve System, as in effect from time to time.

       

      “Related
Documents” means the Purchase Agreement and the First Lien Credit
Agreement.

       

      “Required
Lenders” means at any time, Second Lien Lenders owed or holding at least
a majority in interest of the aggregate principal amount of the Advances
outstanding at such time; provided however, that if any Second Lien Lender shall
be a Defaulting Second Lien Lender at such time, there shall be excluded from
the determination of Required Lenders at such time the aggregate principal
amount of the Advances owing to such Defaulting Second Lien Lender (in its
capacity as Second Lien Lender) and outstanding at such time.

       

      “Responsible
Officer” means the chief executive officer, president, chief financial
officer or treasurer of a Loan Party.  Any document delivered
hereunder that is signed by a Responsible Officer of a Loan Party shall be
conclusively presumed to have been authorized by all necessary corporate,
partnership and/or other action on the part of such Loan Party and such
Responsible Officer shall be conclusively presumed to have acted on behalf of
such Loan Party.

       

      “Royal
Bank” has the meaning specified in the recital of parties to this
Agreement.

      
        
           

        

        
          20

          
            

          

        

        
           

        

      

      “Scheduled
Termination Date” means the date that is the earlier of three months
after the stated maturity date of the Term B Advances (as defined in the First
Lien Credit Agreement) and December 31, 2013.

       

      “Second
Lien Lender”
means the Initial Second Lien Lenders, including the Other Second Lien Lender,
and each Person that shall become a Second Lien Lender hereunder pursuant to
Section 9.07 for
so long as such Initial Second Lien Lender or Person, as the case may be, shall
be a party to this Agreement.

       

      “Secured
Obligations” has the meaning specified in Section 2 of the Security
Agreement.

       

      “Secured
Parties” means the Agents and the Second Lien Lenders.

       

      “Security
Agreement” has the meaning specified in Section 3.01(a)(ii).

       

      “Seller
Advance” has the meaning specified in Section
2.01.

       

      “Seller
Holder” means each of the Initial Seller Holders and their respective
successors, assigns and transferees.

       

      “Single Employer
Plan” means a single employer plan, as defined in
Section 4001(a)(15) of ERISA, that is subject to Title IV of ERISA, and
(a) is maintained for employees of any Loan Party or any ERISA Affiliate
and no Person other than the Loan Parties and the ERISA Affiliates or
(b) was so maintained and in respect of which any Loan Party or any ERISA
Affiliate could have liability under Section 4069 of ERISA in the event
such plan has been or were to be terminated.

       

      “Solvent”
and “Solvency”
mean, with respect to any Person on a particular date, that on such date
(a) the fair value of the property of such Person on a consolidated basis
is greater than the total amount of liabilities, including, without limitation,
contingent liabilities, of such Person on a consolidated basis, (b) the
present fair salable value of the assets of such Person on a consolidated basis
is not less than the amount that will be required to pay the probable liability
of such Person on a consolidated basis on its debts as they become absolute and
matured, (c) such Person on a consolidated basis 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 on a consolidated basis
and (d) such Person on a consolidated basis 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 on a
consolidated basis.  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.

       

      “Specified
Adjustments” means, for any Measurement Period, the sum of:

       

      (a)           any
extraordinary, unusual or non-recurring gains or losses, plus/minus

       

      (b)           any
non-cash losses or gains resulting from Hedging Agreements permitted by Section 5.02(b),
plus

       

      (c)           fees
and expenses incurred in connection with the Transaction within 6 months of the
Effective Date, and

      
        
           

        

        
          21

          
            

          

        

        
           

        

      

      (d)           management
and consulting fees relating to the A&M Communications acquisition paid in
lieu of purchase price prior to December 31, 2009 in an aggregate amount
not to exceed $2,000,000, plus

       

      (e)           expenses
and fees incurred in connection with, and within 6 months following the date of,
any Permitted Acquisition, whether or not consummated, in an aggregate amount
for all such expenses and fees not to exceed $500,000 for any Measurement
Period, plus

       

      (f)           HSP
project start-up expenses incurred within the 6 months following such startup in
an amount equal to the difference between actual gross margin for such HSP
project and a base gross margin of 14%, up to a maximum amount for all such
expenses not to exceed $250,000 for such HSP project, plus

       

      (g)           non-cash
losses, charges and expenses, minus

       

      (h)           cash
payments made during such period in respect of non-cash losses, charges or
expenses added to EBITDA in any prior period.

       

      “Sponsor”
means, collectively, HM Capital Partners LLC, a Delaware limited liability
company and its Affiliates.

       

      “S&P”
means Standard & Poor’s, a division of The McGraw Hill Companies,
Inc.

       

      “Subordinated
Debt” shall mean Debt of the Loan Parties that is, by its terms,
subordinated in right of payment to the obligations of the Loan Parties under
the Loan Documents, as applicable.

       

      “Subordinated
Obligations” has the meaning specified in Section 8.06.

       

      “Subsidiary”
of any Person means any corporation, partnership, joint venture, limited
liability company, trust or estate of which (or in which) more than 50% of
(a) the issued and outstanding capital stock having ordinary voting power
to elect a majority of the board of directors of such corporation (irrespective
of whether at the time capital stock of any other class or classes of such
corporation shall or might have voting power upon the occurrence of any
contingency), (b) the interest in the capital or profits of such
partnership, joint venture or limited liability company or (c) the
beneficial interest in such trust or estate is at the time directly or
indirectly owned or controlled by such Person, by such Person and one or more of
its other Subsidiaries or by one or more of such Person’s other
Subsidiaries.

       

      “Subsidiary
Guarantors” means the Subsidiaries of the Parent listed on
Schedule II hereto and each other Subsidiary of the Parent that shall be
required to execute and deliver a guaranty pursuant to Section 5.01(j).

       

      “Subsidiary
Guaranty” means the guaranty of the Subsidiary Guarantors set forth in
Article VIII, together with each other guaranty and guaranty supplement
delivered pursuant to Section 5.01(j),
in each case as amended, amended and restated, modified or otherwise
supplemented.

       

      “Supplemental
Collateral Agent” has the meaning specified in Section 7.01(c).

       

      “Surviving
Debt” means Debt of each Loan Party and its Subsidiaries outstanding
immediately before and after giving effect to the Initial Extension of
Credit.

      
        
           

        

        
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      “Synthetic
Debt” means, with respect to any Person as of any date of determination
thereof, all Obligations of such Person in respect of transactions entered
into by such Person that are intended to function primarily as a borrowing of
funds (including, without limitation, any minority interest transactions that
function primarily as a borrowing) but are not otherwise
included in the definition of “Debt” or as a liability on the consolidated
balance sheet of such Person and its Subsidiaries in accordance with
GAAP.

       

      “Tax
Returns” means all returns, statements, filings, attachments and other
documents or certifications required to be filed in respect of taxes and similar
government charges.

       

      “Taxes” has the meaning specified in
Section 2.13(a).

       

      “Term C
Advance” has the meaning set forth in the First Lien Credit
Agreement.

       

      “Term C
Lender” has the meaning set forth in the First Lien Credit Agreement and
includes each Person that shall become a Term C Lender pursuant to Section 9.07
of the First Lien Credit Agreement for so long as such Term C Lender or Person,
as the case may be, shall be party to this Agreement.

       

      “Termination
Date” shall mean the date upon which all Commitments have terminated and
the Advances, together with all interest and other non-contingent Obligations,
have been paid in full in cash.

       

      “Total Leverage
Ratio” means, at any date of determination, the ratio of (a) Debt for
Borrowed Money as of the last day of such Measurement Period to (b) EBITDA for
such Measurement Period, in each case as determined for the Parent and its
Subsidiaries on a Consolidated basis.

       

      “Transaction”
means consummation of the Acquisition and the other transactions contemplated by
the Transaction Documents.

       

      “Transaction
Documents” means, collectively, the Loan Documents and the Related
Documents.

       

      “Voting
Interests” means shares of capital stock issued by a corporation, or
equivalent Equity Interests in any other Person, the holders of which are
ordinarily, in the absence of contingencies, entitled to vote for the election
of directors (or persons performing similar functions) of such Person, even if
the right so to vote has been suspended by the happening of such a
contingency.

       

      “Withdrawal
Liability” has the meaning in Title IV of ERISA.

       

      SECTION
1.02.  Computation of Time Periods;
Other Definitional Provisions.  In this Agreement and the other
Loan Documents in the computation of periods of time from a specified date to a
later specified date, the word “from”
means “from and including” and the words “to” and
“until”
each mean “to but excluding”.  References in the Loan Documents to any
agreement or contract “as
amended” shall mean and be a reference to such agreement or contract as
amended, amended and restated, supplemented or otherwise modified from time to
time in accordance with its terms.  References to any Person include
the permitted successors and permitted assigns of such Person.

      
        
           

        

        
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      SECTION
1.03.  Accounting
Terms.  (a) All accounting terms not specifically defined
herein shall be construed in accordance with generally accepted accounting
principles in the United States of America in effect on the date of
determination thereof (“GAAP”);
provided, however,
that, in the event of any change in GAAP or the application thereof including
treatment for revenue recognition from those applied in the preparation of the
financial statements referred to in Section 4.01(g)
that would affect the computation of any financial covenant or requirement set
forth in this Agreement or any other Loan Document, and the Borrower or the
Required Lenders shall so request, the Agents (subject to the approval of the
Required Lenders) and the Borrower shall negotiate in good faith to amend such
financial covenant or requirement to preserve the original intent thereof in
light of such change in GAAP; provided, further, that,
until so amended as provided in the preceding proviso, (a) such ratio or
requirement shall continue to be computed in accordance with GAAP without regard
to such change therein, and (b) the Loan Parties shall furnish to the Agents
financial statements and other documents required under this Agreement setting
forth a reconciliation between calculations of such financial covenant or
requirement made before and after giving effect to such change in
GAAP.

       

      (b)           As
of any date of determination, for purposes of determining any test, covenant or
ratio (and any financial calculations required to be made or included within
such ratios), or required for purposes of preparing any certificate to be
delivered pursuant to the definition of “Permitted Acquisition”, the calculation
of such tests, covenants, ratios and other financial calculations shall include
or exclude, as the case may be, the effect of any assets or businesses that have
been acquired or any Subsidiary, line of business or facility Disposed of by the
Borrower or any of its Subsidiaries pursuant to the terms hereof (including
through mergers or consolidations) as of such date of determination, as
determined by the Borrower on a pro forma basis (to be
limited to (i) pro forma adjustments arising out of events which are directly
attributable to the Acquisition, any such Permitted Acquisition, Disposition or
incurrence of Debt, are factually supportable and are expected to have a
continuing impact, in each case as determined on a basis consistent with
Article 11 of Regulation S-X of the Securities Act, as interpreted by the
Staff of the Securities and Exchange Commission or (ii) pro forma adjustments
reasonably acceptable to the Administrative Agent arising out of operating
expense reductions attributable to such transaction being given pro forma effect
that (A) have been realized or (B) will be implemented following such
transaction and are supportable and quantifiable and, in each case, including,
but not limited to, (1) reduction in personnel expenses, (2) reduction of costs
related to administrative functions, (3) reductions of costs related to leased
or owned properties and (4) reductions from the consolidation of operations and
streamlining of corporate overhead) using, for purposes of determining such
compliance, the historical financial statements of all entities or assets so
acquired or sold and the consolidated financial statements of the Borrower and
its Subsidiaries, which shall be reformulated as if such Permitted Acquisition
or Disposition, and all other Permitted Acquisitions or Dispositions that have
been consummated during the period, and any Debt or other liabilities repaid in
connection therewith had been consummated and incurred or repaid at the
beginning of such period (and assuming that such Debt to be incurred bears
interest during any portion of the applicable measurement period prior to the
relevant acquisition at the interest rate which is or would be in effect with
respect to such Debt as at the relevant date of determination).

       

      SECTION
1.04.  Currency Equivalents
Generally.  Any amount specified in this Agreement (other than
in Articles II,
VII and IX) or any of the
other Loan Documents to be in U.S. dollars shall also include the equivalent of
such amount in any currency other than U.S. dollars, such equivalent amount to
be determined at the rate of exchange quoted by the Administrative Agent in New
York, New York at the close of business on the Business Day immediately
preceding any date of determination thereof, to prime banks in New York, New
York for the spot purchase in the New York foreign exchange market of such
amount in U.S. dollars with such other currency.

      
        
           

        

        
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      ARTICLE
II

       

      AMOUNTS
AND TERMS OF THE ADVANCES

       

      SECTION
2.01.  The
Advances.  Each Initial Seller Holder severally agrees, on the
terms and conditions hereinafter set forth, to accept a portion of the purchase
price payable to it under the Purchase Agreement by delivery of a Note in an
amount equal to such Initial Seller Holder’s Commitment, which shall be deemed
to be an advance of funds hereunder (each, a “Seller
Advance”).  Each Other Second Lien Lender severally agrees, on
the terms and conditions hereinafter set forth, to make a single advance (which
shall constitute a Term C Advance and together with each Seller Advance,
collectively, an “Advance”)
to the Borrower on the Effective Date in an amount not to exceed such Other
Second Lien Lender’s Commitment at such time.  The Borrowing shall
consist of Advances made (or deemed made) simultaneously by the Second Lien
Lenders ratably according to their Commitments.  Amounts borrowed
under this Section 2.01 and
repaid or prepaid may not be reborrowed.

       

      SECTION
2.02.  Making the
Advances.  (a) The Borrowing shall be made on notice, by the
Borrower to the Administrative Agent, which shall give to each Other Second Lien
Lender prompt notice thereof by telecopier or electronic
communication.  Such notice of Borrowing (a “Notice of
Borrowing”) may be by either telephone (confirmed immediately in
writing), telecopier or electronic communication, in substantially the form of
Exhibit B hereto, in each case specifying therein the requested date of
such Borrowing and (ii) aggregate amount of such Borrowing.  Each
Other Second Lien Lender shall, before 11:00 A.M. (New York City time)
on the date of such Borrowing, make available to the Administrative Agent at the
Administrative Agent’s Account, in same day funds, such Other Second Lien
Lender’s ratable portion of such Borrowing in accordance with the respective
Commitments of such Second Lien Lender and the other Second Lien
Lenders.  After the Administrative Agent’s receipt of such funds and
upon fulfillment of the applicable conditions set forth in Article III, the
Administrative Agent will make such funds available to the Borrower by crediting
the Borrower’s Account.

       

      (b)           The
failure of any Second Lien Lender to make the Advance to be made (or deemed
made) by it as part of any Borrowing shall not relieve any other Second Lien
Lender of its obligation, if any, hereunder to make its Advance (or deemed
Advance) on the date of such Borrowing, but no Second Lien Lender shall be
responsible for the failure of any other Second Lien Lender to make the Advance
(or deemed Advance) to be made by such other Second Lien Lender on the date of
any Borrowing.

       

      (c)           Unless
the Administrative Agent shall have received notice from an Other Second Lien
Lender prior to the date of any Borrowing that such Other Second Lien Lender
will not make available to the Administrative Agent such Other Second Lien
Lender’s ratable portion of such Borrowing, the Administrative Agent may assume
that such Other Second Lien Lender has made such portion available to the
Administrative Agent on the date of such Borrowing in accordance with Section 2.02(a) and the
Administrative Agent may, in reliance upon such assumption, make available to
the Borrower on such date a corresponding amount.  If and to the
extent that such Other Second Lien Lender shall not have so made such ratable
portion available to the Administrative Agent, such Other Second Lien Lender and
the Borrower severally agree to repay or pay to the Administrative Agent
forthwith on demand such corresponding amount and to pay interest thereon, for
each day from the date such amount is made available to the Borrower until the
date such amount is repaid or paid to the Administrative Agent, at (i) in the
case of the Borrower, the interest rate applicable at such time under Section 2.07 to Advances
comprising such Borrowing and (ii) in the case of such Other Second Lien Lender,
the Federal Funds Rate.  If such Lender shall pay to the
Administrative Agent such corresponding amount, such amount so paid shall
constitute such Other Second Lien Lender’s Advance as part of such Borrowing for
all purposes.

      
        
           

        

        
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      SECTION
2.03.  [Intentionally Omitted.]

       

      SECTION
2.04.  Repayment of
Advances.  The Borrower shall repay to the Administrative Agent
for the ratable account of the Second Lien Lenders the aggregate outstanding
principal amount of the Advances in full on the Scheduled Termination Date
(which amount shall be reduced as a result of the application of prepayments in
accordance with Section 2.06
and, in the case of any Seller Holder, any adjustments or reductions made
pursuant to Section 2.12(b)).

       

      SECTION
2.05.  [Intentionally Omitted.]

       

      SECTION
2.06.  Prepayments.  (a)
Optional.  (i)
The Borrower may, subject to Section 5.02(j) of the First Lien Credit Agreement,
upon notice not later than the third Business Day prior to the date of
prepayment to the Administrative Agent stating the proposed date and aggregate
principal amount of the prepayment, and if such notice is given the Borrower
shall, prepay the outstanding aggregate principal amount of the Advances in
whole or ratably in part, together with accrued interest on the principal amount
repaid to the date of such prepayment and any prepayment being applied first to
accrued but unpaid interest and then to principal; provided, however, that each
partial prepayment shall be in an aggregate principal amount of $500,000 or an
integral multiple of $100,000 in excess thereof; provided, however, that the
Borrower may rescind or postpone any notice of prepayment if such prepayment
would have resulted from a refinancing of the Facility, which refinancing shall
not be consummated or otherwise shall be delayed. Each such prepayment of the
Advance shall be applied ratably on a pro rata basis.

       

      (ii)           To
the extent the Borrower makes a voluntary prepayment under this Section 2.06(a)
of the Advances during the period (w) from Effective Date to and including the
first anniversary of the Effective Date, the Borrower shall pay a premium of 3%
of the aggregate principal amount of such Advance prepaid, (x) after the first
anniversary to and including the second anniversary of the Effective Date, the
Borrower shall pay a premium of 2% of the aggregate principal amount of such
Advance prepaid, (y) after the second anniversary to and including the third
anniversary of the Effective Date, the Borrower shall pay a premium of 1% of the
aggregate principal amount of such Advance prepaid, and (z) thereafter, no
prepayment premium shall be payable.

       

      (b)           Mandatory.  After
the prior repayment and/or cash collateralization, as the case may be, in full
of all non-contingent Obligations under the First Lien Loan Documents (other
than in respect of the Term C Advances) and the termination of the First Lien
Credit Facilities (including the commitments thereunder, other than in respect
of the Term C Advances):

       

      (i)           The
Borrower shall, on the 125th day following the end of each Fiscal Year, prepay
an aggregate principal amount of the Advances in an amount equal to the
Applicable Prepayment Percentage of Excess Cash Flow for such Fiscal Year; provided, that prepayment of
(A) the Advances pursuant to Section 2.06(a)
prior to the date of prepayment (without duplication) shall reduce on a dollar
for dollar basis the amount otherwise required to be prepaid pursuant to this
clause (b)(i).

       

      (ii)           The
Borrower shall, within 5 Business Days of the date of receipt of any Net Cash
Proceeds by any Loan Party or any of its Subsidiaries prepay an aggregate
principal amount of the Advances in an amount equal to the amount of such Net
Cash Proceeds.

      
        
           

        

        
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      (iii)           Notwithstanding
anything to the contrary contained in subsection (b)(ii) of this Section 2.06, so
long as no Event of Default shall have occurred and be continuing and subject to
reinvestment rights of the Loan Parties, if, on any date on which a prepayment
of Advances would otherwise be required pursuant to subsection (b)(ii) of this
Section 2.06,
the aggregate amount of Net Cash Proceeds or other amounts otherwise required by
such subsections to be applied to prepay Advances on such date are less than or
equal to $250,000, the Borrower may defer such prepayment until the date on
which the aggregate amount of Net Cash Proceeds or other amounts otherwise
required by such subsections to be applied to prepay Advances exceeds
$1,000,000, and then only the excess over $1,000,000 shall be required to prepay
Advances.

       

      (iv)           All
prepayments under this subsection (b) shall be made together with accrued
interest to the date of such prepayment on the principal amount
prepaid.

       

      SECTION
2.07.  Interest.  (a)  Scheduled
Interest.  The Borrower shall pay interest on the unpaid
principal amount of the Advances owing to each Second Lien Lender from the date
of such Advance until such principal amount shall be paid in full, at a rate
equal to the greater of (i) twelve and three-quarters percent (12.75%) per annum
and (ii) the Eurodollar Rate plus 725 basis points, payable in arrears quarterly
(commencing with the fiscal quarter ended December 31, 2007) on the last
Business Day of each March, June, September and December
thereafter.

       

      (b)           Default
Interest.  Upon the failure of the Borrower to make any payment
of an amount under the Loan Documents when such amount is then due, the Borrower
shall pay interest (“Default
Interest”) on (i) the overdue amount of each such unpaid Advance owing to
each Second Lien Lender, payable in arrears on the dates referred to in Section 2.07(a)
and on demand, at a rate per annum equal at all times to 2% per annum above the
rate per annum required to be paid on such Advance pursuant to Section 2.07(a),
and (ii) to the fullest extent permitted by applicable law, the overdue amount
of any such unpaid interest, fee or other amount payable under this Agreement or
any other Loan Document to any Agent or any Second Lien Lender, from the date
such amount shall be due until such amount shall be paid in full, payable in
arrears on the date such amount shall be paid in full and on demand, at a rate
per annum equal at all times to 2% per annum above the rate per annum required
to be paid, on such Advance pursuant to Section 2.07(a).

       

      (c)           Notice of Interest
Rate.  The Administrative Agent shall give notice to the
Borrower and each Second Lien Lender of the applicable interest rate determined
by the Administrative Agent for purposes of clause (a) above.

       

      SECTION
2.08.  [Intentionally Omitted.]

       

      SECTION
2.09.  [Intentionally Omitted.]

       

      SECTION
2.10.  Increased Costs,
Etc.  (a) If, due to either (i) the introduction of or any
change in or in the interpretation of any law or regulation or (ii) the
compliance with any guideline or request from any central bank or other
governmental authority (whether or not having the force of law), there shall be
any increase in the cost to any Other Second Lien Lender of agreeing to make or
of making, funding or maintaining Eurodollar Rate Advances (excluding, for
purposes of this Section 2.10,
any such increased costs resulting from (x) Taxes or Other Taxes (as to
which Section 2.13
shall govern) and (y) changes in the basis of taxation of overall net
income or overall gross income by the United States or by the foreign
jurisdiction or state under the laws of which such Other Second Lien Lender is
organized or has its chief executive office or principal office or any political
subdivision thereof), then the Borrower shall from time to time, upon demand by
such Other Second Lien Lender (with a copy of such demand to the Administrative
Agent), pay to the Administrative Agent for the account of such Other Second
Lien Lender additional amounts sufficient to compensate such Other Second Lien
Lender for such increased cost.

      
        
           

        

        
          27

          
            

          

        

        
           

        

      

      (b)           If
any Other Second Lien Lender determines that compliance with any law or
regulation or any guideline or request from any central bank or other
governmental authority (whether or not having the force of law) affects or would
affect the amount of capital required or expected to be maintained by such Other
Second Lien Lender or any corporation controlling such Other Second Lien Lender
and that the amount of such capital is increased by or based upon the existence
of such Other Second Lien Lender’s commitment to lend hereunder and other
commitments of such type (or similar contingent obligations), then, upon demand
by such Other Second Lien Lender or such corporation (with a copy of such demand
to the Administrative Agent), the Borrower shall pay to the Administrative Agent
for the account of such Other Second Lien Lender, from time to time as specified
by such Other Second Lien Lender, additional amounts sufficient to compensate
such Other Second Lien Lender in the light of such circumstances, to the extent
that such Other Second Lien Lender reasonably determines such increase in
capital to be allocable to the existence of such Other Second Lien Lender’s
commitment to lend hereunder.  A certificate as to such amounts
submitted to the Borrower by such Other Second Lien Lender shall be conclusive
and binding for all purposes, absent manifest error.

       

      SECTION
2.11.  Replacement of Second Lien
Lender; Mitigation or Circumstance.  In the event that any
Other Second Lien Lender demands payment of costs or additional amounts pursuant
to Section 2.10 or
Section 2.13 or
any Second Lien Lender becomes a Defaulting Second Lien Lender then (subject to
such Second Lien Lender’s right to rescind such demand or assertion within 5
Business Days after the notice from the Borrower referred to below) the Borrower
may, upon 5 Business Days’ notice to such Second Lien Lender and the
Administrative Agent, elect to cause such Second Lien Lender to assign its
Advances and Commitments in full to one or more Persons selected by the Borrower
so long as (a) each such Person satisfies the criteria of an Eligible Assignee
and is reasonably satisfactory to the Administrative Agent, (b) such Second Lien
Lender receives payment in full in cash of the outstanding principal amount of
all Advances made by it and all accrued and unpaid interest thereon and all
other amounts due and payable to such Second Lien Lender as of the date of such
assignment (including, without limitation, amounts owing pursuant to Sections 2.10, 2.13
and 9.04) and
(c) each such Second Lien Lender assignee agrees to accept such assignment and
to assume all obligations of such Second Lien Lender hereunder in accordance
with Section 9.07.

       

      SECTION
2.12.  Payments and
Computations.  (a) Subject to Section 2.12(b),
the Borrower shall make each payment hereunder and under the other Loan
Documents, irrespective of any right of counterclaim or set-off (except as
otherwise provided in Section 2.16),
not later than 11:00 A.M. (New York City time) on the day when due in
U.S. dollars to the Administrative Agent at the Administrative Agent’s Account
in same day funds, with payments being received by the Administrative Agent
after such time being deemed to have been received on the next succeeding
Business Day.  The Administrative Agent will promptly thereafter cause
like funds to be distributed (i) if such payment by the Borrower is in
respect of principal, interest, commitment fees or any other Obligation then
payable hereunder and under the other Loan Documents to more than one Second
Lien Lender, to such Second Lien Lenders at the address (or in accordance with
the wiring instructions) set forth in the Register for such Second Lien Lenders
ratably in accordance with the amounts of such respective Obligations then
payable to such Second Lien Lenders and (ii) if such payment by the
Borrower is in respect of any Obligation then payable hereunder to one Second
Lien Lender, to such Second Lien Lender at the address (or in accordance with
the wiring instructions) set forth in the Register for such Second Lien Lender,
in each case to be applied in accordance with the terms of this
Agreement.  Upon its acceptance of an Assignment and Acceptance and
recording of the information contained therein in the Register pursuant to Section 9.07(d),
from and after the effective date of such Assignment and Acceptance, the
Administrative Agent shall make all payments hereunder and under the other Loan
Documents in respect of the interest assigned thereby to the Second Lien Lender
assignee thereunder, and the parties to such Assignment and Acceptance shall
make all appropriate adjustments in such payments for periods prior to such
effective date directly between themselves.

       

      
        
           

        

        
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      (b)           Notwithstanding
any other provision set forth in this Agreement or any other Loan Documents, the
Borrower may offset any portion of the Advances or other amounts owed to a
Seller Holder in satisfaction of any indemnification claims that may be made by
any Buyer Indemnitee (as defined in the Purchase Agreement) in accordance with
the Purchase Agreement, which offsets shall be made on a ratable basis between
or among any Seller Holders based on their respective Commitments.  To
the extent that the outstanding aggregate principal amount of the Advances owed
to the Seller Holders at any time (the “Reference
Amount”) is less
than or equal to $10,500,000 at any time prior to May 1, 2009 (whether as a
result of any voluntary prepayment, mandatory prepayment or offset as provided
above) then, for so long as (and only to the extent that) the aggregate
principal amount of any offsets made against the Advances or other amounts owed
to a Seller Holder pursuant to the first sentence of this Section 2.12(b)
do not exceed $10,500,000, (i) the initial difference between the Reference
Amount and $10,500,000 (together with any applicable prepayment premium required
under Section
2.06(a)(ii)) shall be paid into an escrow account to be held pursuant to
a customary escrow agreement to be entered into among the Borrower, the Seller
Holders and a mutually acceptable escrow agent (an “Escrow
Agreement”) to satisfy any indemnification claims that may be made by any
Buyer Indemnitee in accordance with the Purchase Agreement and (ii) thereafter,
all subsequent prepayments or repayments of the Advances to the Seller Holders
(together with any applicable prepayment premium required under Section 2.06(a)(ii))
shall be paid into the escrow account under the Escrow Agreement to be held to
satisfy any indemnification claims that may be made by any Buyer Indemnitee in
accordance with the Purchase Agreement.  All payments or reductions
made under this Section 2.12(b)
shall be deemed to be repayments of the Advances, and, except as provided above,
in no event shall any such payments or reductions result in the payment of any
prepayment premiums under Section 2.06(a)(ii).  Any
amounts paid into escrow pursuant to this Section 2.12(b) and
which are not subject to pending indemnification claims under the Purchase
Agreement shall be released to the Seller Holders on May 1, 2009, all as
provided in the Escrow Agreement.

       

      (c)           The
Borrower hereby authorizes each Second Lien Lender and each of its Affiliates,
if and to the extent payment owed to such Second Lien Lender is not made when
due hereunder or under the other Loan Documents to charge from time to time, to
the fullest extent permitted by law, against any or all of the Borrower’s
accounts with such Second Lien Lender or such Affiliate any amount so
due.

       

      (d)           All
computations of interest shall be made by the Administrative Agent on the basis
of a year of 360 days, in each case for the actual number of days (including the
first day but excluding the last day) occurring in the period for which such
interest is payable.  Each determination by the Administrative Agent
of an interest rate hereunder shall be conclusive and binding for all purposes,
absent manifest error.

       

      (e)           Whenever
any payment or the performance of any covenant, duty or obligation or delivery
of any notice, document, certificate or other writing hereunder or under the
other Loan Documents shall be stated to be due on a day other than a Business
Day, such payment, performance or delivery shall be made on the next succeeding
Business Day, and such extension of time shall in such case be included in the
computation of payment of interest or commitment; provided, however, that, if
such extension would cause payment of interest on or principal of Eurodollar
Rate Advances to be made in the next following calendar month, such payment
shall be made on the next preceding Business Day.

      
        
           

        

        
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      (f)           Unless
the Administrative Agent shall have received notice from the Borrower prior to
the date on which any payment is due to any Second Lien Lender hereunder that
the Borrower will not make such payment in full, the Administrative Agent may
assume that the Borrower has made such payment in full to the Administrative
Agent on such date and the Administrative Agent may, in reliance upon such
assumption, cause to be distributed to each such Second Lien Lender on such due
date an amount equal to the amount then due such Second Lien
Lender.  If and to the extent the Borrower shall not have so made such
payment in full to the Administrative Agent, each such Second Lien Lender shall
repay to the Administrative Agent forthwith on demand such amount distributed to
such Second Lien Lender together with interest thereon, for each day from the
date such amount is distributed to such Second Lien Lender until the date such
Second Lien Lender repays such amount to the Administrative Agent, at the
Federal Funds Rate.

       

      (g)           Whenever
any payment received by the Administrative Agent under this Agreement or any of
the other Loan Documents is insufficient to pay in full all amounts due and
payable to the Agents and the Second Lien Lenders under or in respect of this
Agreement and the other Loan Documents on any date, such payment shall be
distributed by the Administrative Agent and applied by the Agents and the Second
Lien Lenders in the following order of priority:

       

      (i)       
    first, to the payment of all
of the fees, indemnification payments, costs and expenses that are due and
payable to the Agents (solely in their respective capacities as Agents) under or
in respect of this Agreement and the other Loan Documents on such date, ratably
based upon the respective aggregate amounts of all such fees, indemnification
payments, costs and expenses owing to the Agents on such date;

       

      (ii)          second, to the payment of all
of the indemnification payments, costs and expenses that are due and payable to
the Second Lien Lenders under Section 9.04
hereof and any similar section of any of the other Loan Documents on such date,
ratably based upon the respective aggregate amounts of all such indemnification
payments, costs and expenses owing to the Second Lien Lenders on such
date;

       

      (iii)         third, to the payment of all
of the amounts that are due and payable to the Administrative Agent and the
Second Lien Lenders under Sections 2.10 and
2.13 hereof on
such date, ratably based upon the respective aggregate amounts thereof owing to
the Administrative Agent and  Second Lien Lenders on such
date;

       

      (iv)          fourth, to the payment of all
of the accrued and unpaid interest on the Obligations of the Borrower under or
in respect of the Loan Documents that is due and payable to the Agents and the
Second Lien Lenders under Section 2.07(b)
on such date, ratably based upon the respective aggregate amounts of all such
interest owing to the Agents and the Second Lien Lenders on such
date;

       

      (v)           fifth, to the payment of all
of the accrued and unpaid interest on the Advances that is due and payable to
the Second Lien Lenders under Section 2.07(a)
on such date, ratably based upon the respective aggregate amounts of all such
interest owing to the Second Lien Lenders on such date;

       

      (vi)         sixth, to the payment of the
principal amount of all of the outstanding Advances that is due and payable to
the Second Lien Lenders on such date, ratably based upon the respective
aggregate amounts of all such principal owing to the Administrative Agent and
the Second Lien Lenders on such date; and

      
        
           

        

        
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      (vii)           seventh, to the payment of
all other Obligations of the Loan Parties owing under or in respect of the Loan
Documents that are due and payable to the Agents and the other Secured Parties
on such date, ratably based upon the respective aggregate amounts of all such
Obligations owing to the Agents and the other Secured Parties on such
date.

       

      If the
Administrative Agent receives funds for application to the Obligations of the
Loan Parties under or in respect of the Loan Documents under circumstances for
which the Loan Documents do not specify the Advances, or the manner in which,
such funds are to be applied, the Administrative Agent may, but shall not be
obligated to, elect to distribute such funds to each of the Second Lien Lenders
in accordance with such Lender’s pro rata share of the aggregate principal
amount of the Advances outstanding at such time for application to principal
repayment thereof.

       

      SECTION
2.13.  Taxes.  (a)
Subject to Section 2.13(f),
any and all payments by any Loan Party to or for the account of any Other Second
Lien Lender or any Agent hereunder or under any other Loan Document shall be
made, in accordance with Section 2.12 or
the applicable provisions of such other Loan Document, if any, free and clear of
and without deduction for any and all present or future taxes, levies, imposts,
deductions, charges or withholdings, and all liabilities with respect thereto,
excluding, in the case
of each Other Second Lien Lender and each Agent, taxes that are imposed on its
overall gross or net income by the United States and taxes that are imposed on
its overall gross or net income (and franchise taxes imposed in lieu thereof) by
the state or foreign jurisdiction under the laws of which such Other Second Lien
Lender or such Agent, as the case may be, is organized or any political
subdivision thereof, or by a jurisdiction in which it is, or formerly was,
otherwise engaged in business (other than solely as a result of the transactions
hereunder) (all such non-excluded taxes, levies, imposts, deductions, charges,
withholdings and liabilities in respect of payments hereunder or under the other
Loan Documents being hereinafter referred to as “Taxes”).  Subject
to Section 2.13(f),
if any Loan Party shall be required by law to deduct any Taxes from or in
respect of any sum payable hereunder or under any other Loan Document to any
Other Second Lien Lender or any Agent, (i) the sum payable by such Loan
Party shall be increased as may be necessary so that after such Loan Party and
the Administrative Agent have made all required deductions (including deductions
applicable to additional sums payable under this Section 2.13)
such Other Second Lien Lender or such Agent, as the case may be, receives an
amount equal to the sum it would have received had no such deductions been made,
(ii) such Loan Party shall make all such deductions and (iii) such
Loan Party shall pay the full amount deducted to the relevant taxing authority
or other authority in accordance with applicable law.

       

      (b)           In
addition, each Loan Party shall pay any present or future stamp, documentary,
excise, property, intangible, mortgage recording or similar taxes, charges or
levies that arise from any payment made by such Loan Party hereunder or under
any other Loan Documents or from the execution, delivery or registration of,
performance under, or otherwise with respect to, this Agreement, the other Loan
Documents (hereinafter referred to as “Other
Taxes”).

       

      (c)           Subject
to Section 2.13(f),
the Loan Parties shall indemnify each Other Second Lien Lender and each Agent
for and hold them harmless against the full amount of Taxes and Other Taxes, and
for the full amount of taxes of any kind imposed or asserted by any jurisdiction
on amounts payable under this Section 2.13,
imposed on or paid by such Other Second Lien Lender or such Agent (as the case
may be) and any liability (including penalties, additions to tax, interest and
expenses) arising therefrom or with respect thereto.  This
indemnification shall be made within 30 days from the date such Other Second
Lien Lender or such Agent (as the case may be) makes written demand
therefor.

      
        
           

        

        
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      (d)           As
soon as practicable, and in no event later than 60 days, after the date of any
payment of Taxes, the appropriate Loan Party shall furnish to the Administrative
Agent, at its address referred to in Section 9.02,
the original or a certified copy of a receipt evidencing such payment, to the
extent such a receipt is issued therefor, or other written proof of payment
thereof that is reasonably satisfactory to the Administrative
Agent.  In the case of any payment hereunder or under the other Loan
Documents by or on behalf of a Loan Party through an account or branch outside
the United States or by or on behalf of a Loan Party by a payor that is not a
United States person, if such Loan Party determines that no Taxes are payable in
respect thereof, such Loan Party shall furnish, or shall cause such payor to
furnish, to the Administrative Agent, at such address, an opinion of counsel
acceptable to the Administrative Agent stating that such payment is exempt from
Taxes.  For purposes of subsections (d)
and (e) of this
Section 2.13,
the terms “United
States” and “United States
person” shall have the meanings specified in Section 7701 of the
Internal Revenue Code.

       

      (e)           Each
Other Second Lien Lender organized under the laws of a jurisdiction outside the
United States shall, on or prior to the date of its execution and delivery of
this Agreement in the case of each Initial Second Lien Lender and on the date of
the Assignment and Acceptance pursuant to which it becomes an Other Second Lien
Lender in the case of each other Person, and from time to time thereafter as
reasonably requested in writing by the Loan Party (but only so long thereafter
as such Other Second Lien Lender remains lawfully able to do so), provide each
of the Administrative Agent and such Loan Party with two original Internal
Revenue Service Forms W-8BEN or W-8ECI, or (in the case of an Other Second
Lien Lender that has certified in writing to the Administrative Agent that it is
not (i) a “bank” as defined in Section 881(c)(3)(A) of the Internal Revenue
Code), (ii) a 10-percent shareholder (within the meaning of
Section 871(h)(3)(B) of the Internal Revenue Code) of any Loan Party or
(iii) a controlled foreign corporation related to the Borrower (within the
meaning of Section 864(d)(4) of the Internal Revenue Code), Internal
Revenue Service Form W-8BEN, as appropriate, or any successor or other form
prescribed by the Internal Revenue Service, certifying that such Other Second
Lien Lender is exempt from or entitled to a reduced rate of United States
withholding tax on payments pursuant to this Agreement or the other Loan
Documents  or, in the case of an Other Second Lien Lender that has
certified that it is not a “bank” as described above, certifying that such Other
Second Lien Lender is a foreign corporation, partnership, estate or
trust.  If the forms provided by an Other Second Lien Lender at the
time such Other Second Lien Lender first becomes a party to this Agreement
indicate a United States interest withholding tax rate in excess of zero,
withholding tax at such rate shall be considered excluded from Taxes unless and
until such Other Second Lien Lender provides the appropriate forms certifying
that a lesser rate applies, whereupon withholding tax at such lesser rate only
shall be considered excluded from Taxes for periods governed by such forms;
provided, however, that if, at the
effective date of the Assignment and Acceptance pursuant to which an Other
Second Lien Lender becomes a party to this Agreement, the Other Second Lien
Lender  assignor was entitled to payments under subsection (a) of
this Section 2.13 in
respect of United States withholding tax with respect to interest paid at such
date, then, to such extent, the term Taxes shall include (in addition to
withholding taxes that may be imposed in the future or other amounts otherwise
includable in Taxes) United States withholding tax, if any, applicable with
respect to the Other Second Lien Lender assignee on such date.  If any
form or document referred to in this subsection (e) requires the disclosure
of information, other than information necessary to compute the tax payable and
information required on the date hereof by Internal Revenue Service
Form W-8BEN or W-8ECI or the related certificate described above, that the
applicable Other Second Lien Lender reasonably considers to be confidential,
such Other Second Lien Lender shall give notice thereof to the Borrower and
shall not be obligated to include in such form or document such confidential
information.

       

      (f)           For
any period with respect to which an Other Second Lien Lender has failed to
provide the Borrower with the appropriate form, certificate or other document
described in subsection (e) above (other than if such failure is
due to a change in law, or in the interpretation or application thereof,
occurring after the date on which a form, certificate or other document
originally was required to be provided or if such form, certificate or other
document otherwise is not required under subsection (e) above), such Other
Second Lien Lender  shall not be entitled to indemnification under
subsection (a) or (c) of this Section 2.13
with respect to Taxes imposed by the United States by reason of such failure;
provided, however, that should an
Other Second Lien Lender  become subject to Taxes because of its
failure to deliver a form, certificate or other document required hereunder, the
Loan Parties shall take such steps as such Other Second Lien Lender shall
reasonably request to assist such Other Second Lien Lender to recover such
Taxes.

      
        
           

        

        
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      (g)           If
the Administrative Agent or an Other Second Lien Lender determines, in its sole
discretion, that it has received a refund of any 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 2.13, it
shall pay to the Borrower an amount equal to such refund (but only to the extent
of indemnity payments made, or additional amounts paid, by the Borrower under
this Section 2.13
with respect to the Taxes or Other Taxes giving rise to such refund), net of all
out-of-pocket expenses of the Administrative Agent and such Other Second Lien
Lender without interest (other than any interest paid by the relevant
Governmental Authority with respect to such refund); provided that the Borrower,
upon the request of the Administrative Agent or such Other Second Lien Lender
agrees to repay the amount paid over to Borrower (plus any penalties, interest
or other charges imposed by the relevant Governmental Authority) to the
Administrative Agent, such Other Second Lien Lender in the event the
Administrative Agent or such Other Second Lien Lender is required to repay such
refund to such Governmental Authority.  This paragraph shall not be
construed to require the Administrative Agent or any Other Second Lien Lender to
make available its tax returns (or any other information relating to its taxes
that it deems confidential) to the Borrower or any other
person.  Notwithstanding anything to the contrary, in no event will
any Other Second Lien Lender be required to pay any amount to the Borrower the
payment of which would place such Other Second Lien Lender in a less favorable
net after-tax position than such Other Second Lien Lender would have been in if
the additional amounts giving rise to such refund of any Taxes or Other Taxes
had never been paid.

       

      SECTION
2.14.  Sharing of Payments,
Etc.  If any Second Lien Lender shall obtain at any time any
payment (whether voluntary, involuntary, through the exercise of any right of
set-off, or otherwise, other than as a result of an assignment pursuant to Section 9.07  hereof
or Section 9.07
of the First Lien Credit Agreement with respect to the Other Second Lien Lender
and other than as a result of the offset rights of the Borrower in respect of
the Seller Holders under Section 2.12(b))
(a) on account of Obligations due and payable to such Second Lien
Lender  hereunder and under the other Loan Documents at such time in
excess of its ratable share (according to the proportion of (i) the amount
of such Obligations due and payable to such Second Lien Lender at such time to
(ii) the aggregate amount of the Obligations due and payable to all Second
Lien Lenders hereunder and under the other Loan Documents at such time) of
payments on account of the Obligations due and payable to all Second Lien
Lenders hereunder and under the other Loan Documents at such time obtained by
all the Second Lien Lenders at such time or (b) on account of Obligations
owing (but not due and payable) to such Second Lien Lender hereunder and under
the other Loan Documents at such time in excess of its ratable share (according
to the proportion of (i) the amount of such Obligations owing to such
Second Lien Lender at such time to (ii) the aggregate amount of the
Obligations owing (but not due and payable) to all Second Lien Lenders hereunder
and under the other Loan Documents at such time) of payments on account of the
Obligations owing (but not due and payable) to all Second Lien Lenders hereunder
and under the other Loan Documents at such time obtained by all of the Second
Lien Lenders at such time, such Second Lien Lender shall forthwith purchase from
the other Second Lien Lenders such interests or participating interests in the
Obligations due and payable or owing to them, as the case may be, as shall be
necessary to cause such purchasing Second Lien Lender to share the excess
payment ratably with each of them; provided, however, that if
all or any portion of such excess payment is thereafter recovered from such
purchasing Second Lien Lender, such purchase from each other Second Lien Lender
shall be rescinded and such other Second Lien Lender shall repay to the
purchasing Second Lien Lender the purchase price to the extent of such Second
Lien Lenders ratable share (according to the proportion of (i) the purchase
price paid to such Second Lien Lender to (ii) the aggregate purchase price
paid to all Second Lien Lenders) of such recovery together with an amount equal
to such Second Lien Lender’s ratable share (according to the proportion of
(i) the amount of such other Second Lien Lender’s required repayment to
(ii) the total amount so recovered from the purchasing Second Lien Lender)
of any interest or other amount paid or payable by the purchasing Second Lien
Lender in respect of the total amount so recovered.  The Borrower
agrees that any Second Lien Lender so purchasing an interest or participating
interest from another Second Lien Lender pursuant to this Section 2.14
may, to the fullest extent permitted by law, exercise all its rights of payment
(including the right of set-off) with respect to such interest or participating
interest, as the case may be, as fully as if such Second Lien Lender were the
direct creditor of the Borrower in the amount of such interest or participating
interest, as the case may be.

      
        
           

        

        
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      SECTION
2.15.  Use
of Proceeds.  The proceeds of the Advances shall be utilized
solely to (a) finance the Acquisition (including the repayment of Existing Debt)
and (b) pay the fees, commissions and expenses incurred in connection with the
Transaction.

       

      SECTION
2.16.  Defaulting Second Lien
Lenders.  (a) In the event that, at any one time,
(i) any Second Lien Lender shall be a Defaulting Second Lien Lender,
(ii) such Defaulting Second Lien Lender shall owe a Defaulted Advance to
the Borrower, and (iii) the Borrower shall be required to make any payment
hereunder or under any other Loan Document to or for the account of such
Defaulting Second Lien Lender, then the Borrower may, so long as no Default
shall occur or be continuing at such time and to the fullest extent permitted by
applicable law, set off and otherwise apply the Obligation of the Borrower to
make such payment to or for the account of such Defaulting Second Lien Lender
against the obligation of such Defaulting Second Lien Lender to make such
Defaulted Advance.  In the event that, on any date, the Borrower shall
so set off and otherwise apply its obligation to make any such payment against
the obligation of such Defaulting Second Lien Lender to make any such Defaulted
Advance on or prior to such date, the amount so set off and otherwise applied by
the Borrower shall constitute for all purposes of this Agreement and the other
Loan Documents an Advance by such Defaulting Second Lien Lender made on the date
of such setoff under the Facility pursuant to which such Defaulted Advance was
originally required to have been made pursuant to Section 2.01.  Such
Advance shall be considered, for all purposes of this Agreement, to comprise
part of the Borrowing in connection with which such Defaulted Advance was
originally required to have been made pursuant to Section 2.01,
even if the other Advances comprising such Borrowing shall be Eurodollar Rate
Advances on the date such Advance is deemed to be made pursuant to this
subsection (a).  The Borrower shall notify the Administrative
Agent at any time the Borrower exercises its right of set-off pursuant to this
subsection (a) and shall set forth in such notice (A) the name of the
Defaulting Second Lien Lender and the Defaulted Advance required to be made by
such Defaulting Second Lien Lender and (B) the amount set off and otherwise
applied in respect of such Defaulted Advance pursuant to this
subsection (a).  Any portion of such payment otherwise required
to be made by the Borrower to or for the account of such Defaulting Second Lien
Lender which is paid by the Borrower, after giving effect to the amount set off
and otherwise applied by the Borrower pursuant to this subsection (a),
shall be applied by the Administrative Agent as specified in subsection (b)
or (c) of this Section 2.16.

      
        
           

        

        
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      (b)           In
the event that, at any one time, (i) any Second Lien Lender shall be a
Defaulting Second Lien Lender, (ii) such Defaulting Second Lien Lender
shall owe a Defaulted Amount to any Agent or any of the other Second Lien
Lenders and (iii) the Borrower shall make any payment hereunder or under
any other Loan Document to the Administrative Agent for the account of such
Defaulting Second Lien Lender, then the Administrative Agent may, on its behalf
or on behalf of such other Agents or such other Second Lien Lenders and to the
fullest extent permitted by applicable law, apply at such time the amount so
paid by the Borrower to or for the account of such Defaulting Second Lien Lender
to the payment of each such Defaulted Amount to the extent required to pay such
Defaulted Amount.  In the event that the Administrative Agent shall so
apply any such amount to the payment of any such Defaulted Amount on any date,
the amount so applied by the Administrative Agent shall constitute for all
purposes of this Agreement and the other Loan Documents payment, to such extent,
of such Defaulted Amount on such date.  Any such amount so applied by
the Administrative Agent shall be retained by the Administrative Agent or
distributed by the Administrative Agent to such other Agents or such other
Second Lien Lenders, ratably in accordance with the respective portions of such
Defaulted Amounts payable at such time to the Administrative Agent, such other
Agents and such other Second Lien Lenders and, if the amount of such payment
made by the Borrower shall at such time be insufficient to pay all Defaulted
Amounts owing at such time to the Administrative Agent, such other Agents and
such other Second Lien Lenders, in the following order of priority:

       

      (i)    
       first, to the Agents for any
Defaulted Amounts then owing to them, in their capacities as such, ratably in
accordance with such respective Defaulted Amounts then owing to the Agents;
and

       

      (ii)          second, to any other Second
Lien Lenders for any Defaulted Amounts then owing to such other Second Lien
Lenders, ratably in accordance with such respective Defaulted Amounts then owing
to such other Second Lien Lenders.

       

      Any
portion of such amount paid by the Borrower for the account of such Defaulting
Second Lien Lender remaining, after giving effect to the amount applied by the
Administrative Agent pursuant to this subsection (b), shall be applied by
the Administrative Agent as specified in subsection (c) of this Section 2.16.

       

      (c)           In
the event that, at any one time, (i) any Second Lien Lender shall be a
Defaulting Second Lien Lender, (ii) such Defaulting Second Lien Lender
shall not owe a Defaulted Advance or a Defaulted Amount and (iii) the
Borrower, any Agent or any other Second Lien Lender shall be required to pay or
distribute any amount hereunder or under any other Loan Document to or for the
account of such Defaulting Second Lien Lender, then the Borrower or such Agent
or such other Second Lien Lender shall pay such amount to the Administrative
Agent to be held by the Administrative Agent, to the fullest extent permitted by
applicable law, in escrow or the Administrative Agent shall, to the fullest
extent permitted by applicable law, hold in escrow such amount otherwise held by
it.  Any funds held by the Administrative Agent in escrow under this
subsection (c) shall be deposited by the Administrative Agent in an account
with a bank (the “Escrow
Bank”) selected by the Administrative Agent, in the name and under the
control of the Administrative Agent, but subject to the provisions of this
subsection (c).  The terms applicable to such account, including
the rate of interest payable with respect to the credit balance of such account
from time to time, shall be the Escrow Bank’s standard terms applicable to
escrow accounts maintained with it.  Any interest credited to such
account from time to time shall be held by the Administrative Agent in escrow
under, and applied by the Administrative Agent from time to time in accordance
with the provisions of, this subsection (c).  The Administrative
Agent shall, to the fullest extent permitted by applicable law, apply all funds
so held in escrow from time to time to the extent necessary to make any Advances
required to be made by such Defaulting Second Lien Lender and to pay any amount
payable by such Defaulting Second Lien Lender hereunder and under the other Loan
Documents to the Administrative Agent or any other Second Lien Lender, as and
when such Advances or amounts are required to be made or paid and, if the amount
so held in escrow shall at any time be insufficient to make and pay all such
Advances and amounts required to be made or paid at such time, in the following
order of priority:

       

      (i)           first, to the Agents for any
amounts then due and payable by such Defaulting Second Lien Lender to them
hereunder, in their capacities as such, ratably in accordance with such
respective amounts then due and payable to the Agents;

      
        
           

        

        
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      (ii)           second, to any other Second
Lien Second Lien Lenders for any amount then due and payable by such Defaulting
Second Lien Lender to such other Second Lien Lenders hereunder, ratably in
accordance with such respective amounts then due and payable to such other
Second Lien Lenders; and

       

      (iii)          third, to the Borrower for
any Advance then required to be made by such Defaulting Second Lien Lender
pursuant to a Commitment of such Defaulting Second Lien Lender.

       

      (d)           In
the event that any Second Lien Lender that is a Defaulting Second Lien Lender
shall, at any time, cease to be a Defaulting Second Lien Lender, any funds held
by the Administrative Agent in escrow at such time with respect to such Second
Lien Lender shall be distributed by the Administrative Agent to such Second Lien
Lender and applied by such Second Lien Lender to the Obligations owing to such
Second Lien Lender at such time under this Agreement and the other Loan
Documents ratably in accordance with the respective amounts of such Obligations
outstanding at such time.

       

      (e)           The
rights and remedies against a Defaulting Second Lien Lender under this Section 2.16 are
in addition to other rights and remedies that the Borrower may have against such
Defaulting Second Lien Lender with respect to any Defaulted Advance and that any
Agent or any Second Lien Lender may have against such Defaulting Second Lien
Lender with respect to any Defaulted Amount.

       

      SECTION
2.17.  Evidence of
Debt.  (a) Each Second Lien Lender shall maintain in accordance
with its usual practice an account or accounts evidencing the indebtedness of
the Borrower to such Second Lien Lender resulting from each Advance owing to
such Second Lien Lender from time to time, including the amounts of principal
and interest payable and paid to such Second Lien Lender from time to time
hereunder.  The Borrower agrees that upon notice by any Second Lien
Lender to the Borrower (with a copy of such notice to the Administrative Agent)
to the effect that a promissory note or other evidence of indebtedness is
required or appropriate in order for such Second Lien Lender to evidence
(whether for purposes of pledge, enforcement or otherwise) the Advances owing
to, or to be made by, such Second Lien Lender, the Borrower shall promptly
execute and deliver to such Second Lien Lender, with a copy to the
Administrative Agent, a Note, in substantially the form of Exhibit A
hereto, respectively, payable to the order of such Second Lien Lender in a
principal amount equal to the Commitment, of such Second Lien
Lender.  All references to Notes in the Loan Documents shall mean
Notes, if any, to the extent issued hereunder.

       

      (b)           The
Register maintained by the Administrative Agent pursuant to Section 9.07(d)
shall include a control account, and a subsidiary account for each Second Lien
Lender, in which accounts (taken together) shall be recorded (i) the date
and amount of each Borrowing made hereunder, (ii) the terms of each
Assignment and Acceptance delivered to and accepted by it, (iii) the amount
of any principal or interest due and payable or to become due and payable from
the Borrower to each Second Lien Lender hereunder, and (iv) the amount of
any sum received by the Administrative Agent from the Borrower hereunder and
each Second Lien Lender’s share thereof.

       

      (c)           Entries
made in good faith by the Administrative Agent in the Register pursuant to
subsection (b) above, and by each Second Lien Lender in its account or accounts
pursuant to subsection (a) above, shall be prima facie evidence of the
amount of principal and interest due and payable or to become due and payable
from the Borrower to, in the case of the Register, each Second Lien Lender and,
in the case of such account or accounts, such Second Lien Lender, under this
Agreement, absent manifest error; provided, however, that the failure of
the Administrative Agent or such Second Lien Lender to make an entry, or any
finding that an entry is incorrect, in the Register or such account or accounts
shall not limit or otherwise affect the obligations of the Borrower under this
Agreement.

      
        
           

        

        
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      ARTICLE
III

       

      CONDITIONS
OF LENDING AND

      ISSUANCES
OF LETTERS OF CREDIT

       

      SECTION
3.01.  Conditions Precedent to
Initial Extension of Credit.  Subject to the Closing Date
Limitations, Section 2.01 of
this Agreement shall become effective on and as of the first date (the “Effective
Date”) on which the following conditions have been satisfied or waived
and the obligation of each Second Lien Lender to make an Advance on the
Effective Date is subject to the satisfaction or waiver of such conditions
precedent before or substantially concurrently with the Effective
Date:

       

      (a)           The
Administrative Agent shall have received on or before the Effective Date the
following, each dated such day (unless otherwise specified), in form and
substance reasonably satisfactory to the Administrative Agent:

       

      (i)           The
Notes payable to the order of the Second Lien Lenders to the extent requested by
the Second Lien Lenders pursuant to the terms of Section 2.17.

       

      (ii)           A
security agreement in substantially the form of Exhibit D hereto (together
with each other security agreement and security agreement supplement delivered
pursuant to Section 5.01(j),
in each case as amended, the “Security
Agreement”), duly executed by each Loan Party party thereto, together
with:

       

      (A)           proper
financing statements in form appropriate for filing under the Uniform Commercial
Code in all jurisdictions necessary to perfect the first priority (subject only
to Liens permitted by Section 5.02(a))
liens and security interests created under the Security Agreement, covering the
Collateral described in the Security Agreement,

       

      (B)           completed
requests for information, dated on or before the Effective Date, listing all
effective financing statements filed in the jurisdictions referred to in clause
(B) above that name any Loan Party as debtor, together with copies of such
financing statements,

       

      (C)           evidence
that all other action required by the Collateral Document or reasonably
requested by the Administrative Agent in order to perfect and protect the second
priority (subject only to the Liens permitted under Section 5.02(a))
liens and security interests created under the Security Agreement has been taken
(including, without limitation, receipt of duly executed payoff letters and
UCC-3 termination statements).

       

      (iii)          Certified
copies of the resolutions of the board of directors (or similar governing body)
of each Loan Party approving each Loan Document to which it is or is to be a
party.

      
        
           

        

        
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      (iv)         A
copy of a certificate of the Secretary of State of the jurisdiction of
incorporation or formation, as applicable, of each Loan Party certifying
(A) as to a true and correct copy of the charter of such Loan Party and
each amendment thereto on file in such Secretary’s office and (B) that
(1) such amendments are the only amendments to such Loan Party’s charter on
file in such Secretary’s office, (2) such Loan Party has paid all franchise
taxes to the date of such certificate and (3) such Loan Party is duly
incorporated or formed, as applicable, and in good standing or presently
subsisting under the laws of the State of the jurisdiction of its incorporation
or formation, as applicable.

       

      (v)          A
certificate of each Loan Party, signed on behalf of such Loan Party by its
Secretary or an Assistant Secretary, dated the date of the Initial Extension of
Credit (the statements made in which certificate shall be true on and as of the
date of the Initial Extension of Credit), certifying as to (A) the absence
of any amendments to the charter of such Loan Party since the date of the
Secretary of State’s certificate referred to in Section 3.01(a)(iv),
(B) a true and correct copy of the bylaws (or other applicable formation
documents) of such Loan Party as in effect on the date on which the resolutions
referred to in Section 3.01(a)(iii)
were adopted and on the date of the Initial Extension of Credit, and (C) the
absence of any proceeding for the dissolution or liquidation of such Loan
Party.

       

      (vi)         A
certificate signed by the Responsible Officer of the Borrower, dated the date of
the Initial Extension of Credit, certifying to the Other Second Lien Lenders as
to (A) the truth in all material respects of the Effective Date Representations
contained in the Loan Documents as though made on and as of the date of the
Initial Extension of Credit, other than any such representations or warranties
that, by their terms, refer to a specific date other than the Effective Date, in
which case as of such specific date and (B) the absence of any event
occurring and continuing, or resulting from the Initial Extension of Credit,
that constitutes a Default.

       

      (vii)        A
certificate of the Secretary or an Assistant Secretary of each Loan Party
certifying the names and true signatures of the officers of such Loan Party
authorized to sign each Loan Document to which it is or is to be a party and the
other documents to be delivered hereunder and thereunder.

       

      (viii)       Certified
copies of the Purchase Agreement, duly executed by the parties thereto, together
with all exhibits and schedules thereto.

       

      (ix)          The
Intercreditor Agreement duly executed by each party thereto and acknowledged by
each Loan Party.

       

      (x)           A
certificate, in substantially the form of Exhibit F hereto, in favor of the
Other Second Lien Lenders, attesting to the Solvency of the Parent and its
Subsidiaries on a Consolidated basis, after giving effect to the Transaction,
from its Responsible Officer.

      
        
           

        

        
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      (xi)          (A)
audited financial statements of the Company and its Subsidiaries for the three
year period prior to the Acquisition, unaudited Consolidated financial
statements of the Company and its Subsidiaries for each subsequent fiscal
quarter ended at least 45 days before the Initial Extension of Credit in each
case, together with related statements of income, stockholders’ equity and cash
flows; (B) the Consolidated pro forma balance sheet of the Company and its
Subsidiaries as at December 31, 2006; (C) Consolidated pro forma forecasts
of operations of the Company and its Subsidiaries, prepared by management of the
Parent for each year commencing with December 31, 2006, until
December 31, 2012; (D) a written certification, in favor of the Other
Second Lien Lenders, from the chief financial officer of the Parent and the
Borrower that the pro forma Consolidated EBITDA of the Company and its
subsidiaries for the twelve months ended June 30, 2007 was not less than
$13,000,000; and (E) the pro forma financial statements delivered pursuant to
clause (A) above and the forecasts heretofore delivered to the Administrative
Agent and delivered pursuant to clause (B) above were prepared in good faith on
the basis of the assumptions stated therein, which assumptions are fair in light
of then existing conditions (it being understood that (1) such forecasts are
subject to uncertainties and contingencies which may be beyond any Loan Party’s
control, (2) no assurances are given by any Loan Party that the results set
forth in such forecasts or projections will be realized, and (3) the actual
results may differ from the results set forth in such forecasts or projections
and such differences may be material).

       

      (xii)         The
Administrative Agent shall have received evidence of insurance as required
pursuant to Section 5.01(d)
and a certificate naming the Collateral Agent as additional insured and loss
payee.

       

      (xiii)        A
Notice of Borrowing relating to the Initial Extension of Credit to be made by
the Other Senior Lenders.

       

      (xiv)        An
opinion of Weil, Gotshal & Manges LLP, special counsel for the Loan Parties,
in form reasonably satisfactory to the Administrative Agent.

       

      (b)           The
Equity Investors shall have made the Equity Contribution.

       

      (c)           All
reasonable and invoiced out-of-pocket fees and expenses accrued as of at least
one Business Day prior to the Initial Extension of Credit and required to be
paid by Section 9.04
shall have been paid in full.

       

      (d)           The
Acquisition shall have been (or substantially simultaneously with the Initial
Extension of Credit shall be) consummated substantially in accordance with the
terms of the Purchase Agreement (except for the payment of the purchase price,
which shall be made substantially concurrently with the Initial Extension of
Credit) without any waiver or amendment not consented to by the Second Lien
Lenders of any term, provision or condition set forth therein, in any manner
which would be materially adverse to the interests of the Second Lien Lenders
without the consent of the Administrative Agent.

       

      (e)           The
Administrative Agent shall have received, at least five Business Days prior to
the Effective Date, all information that it has reasonably requested pursuant to
Section 9.13.

       

      SECTION
3.02.  [Intentionally Omitted.]

       

      SECTION
3.03.  Determinations Under
Section 3.01.  For purposes of determining compliance with
the conditions specified in Section 3.01,
each Second Lien Lender shall be deemed to have consented to, approved or
accepted or to be satisfied with each document or other matter required
thereunder to be consented to or approved by or acceptable or satisfactory to
the Second Lien Lenders unless an officer of the Administrative Agent
responsible for the transactions contemplated by the Loan Documents shall have
received notice from such Second Lien Lender prior to the Effective Date
specifying its objection thereto and such Second Lien Lender shall not have made
available to the Administrative Agent such Second Lien Lender’s ratable portion
of such Borrowing.

      
        
           

        

        
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      ARTICLE
IV

       

      REPRESENTATIONS
AND WARRANTIES

       

      SECTION
4.01.  Representations and
Warranties of the Loan Parties to the Other Second Lien
Lenders.  Each Loan Party represents and warrants to the Other
Second Lien Lenders as follows:

       

      (a)           Existence, Qualification and
Power. Each Loan Party and each of its Subsidiaries (i) is a
corporation, limited liability company or limited partnership duly organized,
validly existing and (as applicable) in good standing under the laws of the
jurisdiction of its formation, except where the failure to be in good standing
could not reasonably be expected to result in a Material Adverse Effect,
(ii) is duly qualified and (as applicable) in good standing as a foreign
corporation or company in each other jurisdiction in which it owns or leases
property or in which the conduct of its business requires it to so qualify or be
licensed, except where the failure to so qualify or be licensed could not be
reasonably expected to have a Material Adverse Effect, (iii) is in compliance
with all laws, writs, injunctions and orders of any Governmental Authority
applicable to it or its property, in each case except those with which failure
to comply could not reasonably be expected to have a Material Adverse Effect and
(iv) has all requisite corporate, limited liability company or partnership
(as applicable) power and authority (including, without limitation, all
Governmental Authorizations) to own, lease or operate its properties and to
carry on its business as now conducted and as proposed to be conducted, except
those which the failure to own, lease or operate could not reasonably be
expected to have a Material Adverse Effect.  All of the outstanding
Equity Interests in the Borrower have been validly issued, are fully paid and
non-assessable.

       

      (b)           Subsidiaries:  Equity
Interest.  Set forth on Schedule 4.01(b)
hereto is a complete and accurate list of, as of the date hereof, all
Subsidiaries of each Loan Party, showing as of the date hereof (as to each such
Subsidiary) the correct legal name thereof, the type of entity, the jurisdiction
of its formation, the number of shares, membership interests or partnership
interests (as applicable) of each class of its Equity Interests authorized, and
the number outstanding, on the date hereof and the percentage of each such class
of its Equity Interests owned (directly or indirectly) by such Loan Party on the
date hereof and the number of shares covered by all outstanding options,
warrants, rights of conversion or purchase and similar rights at the date
hereof.  All of the outstanding Equity Interests in each Loan Party’s
Subsidiaries have been validly issued, are fully paid and non-assessable and are
owned by such Loan Party or one or more of its Subsidiaries free and clear of
all Liens, except those created under the Collateral Documents, Liens securing
the First Lien Credit Agreement on a first-priority basis to the Facility or
Liens permitted by Section 5.02(a).

       

      (c)           Authorization:
Non-Contravention.  The execution, delivery and performance by
each Loan Party of each Loan Document to which it is or is to be a party, and
the consummation of the transaction contemplated hereby, are within such Loan
Party’s corporate, limited liability company or limited partnership (as
applicable) powers, have been duly authorized by all necessary corporate,
limited liability company or limited partnership (as applicable) action, and do
not (i) contravene such Loan Party’s charter, bylaws, limited liability
agreement, partnership agreement or other constituent documents,
(ii) violate any law, rule, regulation applicable to such Loan Party, or
any order, writ, judgment, injunction, decree, determination or award binding on
such Loan Party, (iii) conflict with or result in the breach of, or
constitute a default or require any payment to be made under, any contract, loan
agreement, indenture, mortgage, deed of trust, lease or other instrument binding
on or affecting any Loan Party, any of its Subsidiaries or any of their
properties, or (iv) except for the Liens created under the Loan Documents,
the First Lien Loan Documents or Liens permitted by Section 5.02(a),
result in or require the creation or imposition of any Lien upon or with respect
to any of the properties of any Loan Party or any of its Subsidiaries except in
each case of clauses (ii) and (iii) above, to the extent such violation, breach,
conflict, default or imposition of a Lien could not reasonably be expected to
have a Material Adverse Effect.  No Loan Party or any of its
Subsidiaries is in violation of any such law, rule, regulation, order, writ,
judgment, injunction, decree, determination or award or in breach of any such
contract, loan agreement, indenture, mortgage, deed of trust, lease or other
instrument, the violation or breach of which could be reasonably likely to have
a Material Adverse Effect.

      
        
           

        

        
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      (d)           Governmental Authorization;
Other Consents.  Except to the extent the failure to obtain or
make the same could not reasonably be expected to result in a Material Adverse
Effect, no Governmental Authorization, and no notice to or filing with, or
consent of any Governmental Authority or any other third party is required for
(i) the due execution, delivery, recordation, filing or performance by any
Loan Party of any Loan  Document to which it is or is to be a party,
or for the consummation of the transaction contemplated hereby, (ii) the
grant by any Loan Party of the Liens granted by it pursuant to the Collateral
Documents, (iii) the perfection or maintenance of the Liens created under
the Collateral Documents (including the second priority (subject only to Liens
permitted by Section 5.02(a))
nature thereof), (iv) the exercise by any Agent or any Second Lien Lender
of its rights under the Loan Documents or the remedies in respect of the
Collateral pursuant to the Collateral Documents, except for the authorizations,
approvals, actions, notices and filings (A) specifically contemplated by the
Collateral Documents and (B) or listed on Schedule 4.01(d) hereto or (v)
filings and registrations necessary to perfect the Liens on the Collateral
granted by the Loan Parties pursuant to the Collateral Documents.

       

      (e)           Binding
Effect.  This Agreement has been, and each other Loan Document
when delivered hereunder will have been, duly executed and delivered by each
Loan Party thereto.  This Agreement is, and each other Loan Document
when delivered hereunder will constitute, the legal, valid and binding
obligation of each Loan Party thereto, enforceable against such Loan Party in
accordance with its terms.

       

      (f)           Litigation.  Except
as set forth on Schedule 4.01(f), no Loan Party or any Subsidiary is a
party to any suit, investigation, litigation or proceeding including any
Environmental Action, pending or, to the knowledge of the Borrower, threatened
in writing before any Governmental Authority or arbitrator that (i) either
individually or in the aggregate could be reasonably likely to have a Material
Adverse Effect or (ii) purports to affect the legality, validity or
enforceability of any Loan Document or the consummation of the transaction
contemplated.

       

      (g)           Financial Statements; No
Material Adverse Effect.  The financial statements delivered
pursuant to Sections
3.01(a)(xi)(A) and (B) fairly present, in
all material respects, the Consolidated financial condition of the Company and
its Subsidiaries as at such dates and the Consolidated results of operations of
the Company and its Subsidiaries for the periods ended on such dates, all in
accordance with GAAP except as otherwise noted therein and subject, in the case
of any such unaudited financial statements, to changes resulting from audit and
normal year-end adjustments and the absence of footnote disclosures, and since
December 31, 2006, there has been no Material Adverse Change.

       

      (h)           Pro Forma Balance
Sheet.  The Consolidated pro forma balance sheet of the
Company and its Subsidiaries as at December 31, 2006, certified by a
Responsible Officer of the Borrower, copies of which have been furnished to each
Second Lien Lender, fairly present the Consolidated pro forma financial
condition of the Company and its Subsidiaries as at such date and the
Consolidated pro forma results of operations of the Company and its
Subsidiaries for the period ended on such date, in each case giving effect to
the Transaction all in accordance with GAAP.

      
        
           

        

        
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      (i)           Projections.  The
Consolidated forecasted statement of operations of the Company and its
Subsidiaries delivered to the Second Lien Lenders pursuant to Section 3.01(a)(xi)
and the Consolidated balance sheet, statements of income and statements of cash
flows of the Parent and its Subsidiaries delivered to the Second Lien Lenders
pursuant to Section 5.03, in
each case were prepared in good faith on the basis of the assumptions stated
therein, which assumptions were fair in light of the conditions existing at the
time of delivery of such forecasts, and represented, at the time of delivery,
the Parent’s best estimate of its future financial performance.

       

      (j)           Information.  No
written information, exhibit or report, other than projections, pro forma
financial information, forecasts and information of a general economic or
industry nature, furnished by or on behalf of any Loan Party to any Agent or any
Second Lien Lender in connection with the negotiation and syndication of the
Loan Documents or pursuant to the terms of the Loan Documents, taken as a whole
at the time it was furnished, contained any untrue statement of a material fact
or omitted to state a material fact necessary to make the statements made
therein not materially misleading in light of the circumstances under which such
statements were made.

       

      (k)           Margin
Regulations.  The Borrower is not engaged in the business of
extending credit for the purpose of purchasing or carrying Margin Stock, and no
proceeds of any Advance will be used to purchase or carry any Margin Stock or to
extend credit to others for the purpose of purchasing or carrying any Margin
Stock.

       

      (l)           Investment Company
Act.  No Loan Party is an “investment company,” or an
“affiliated person” of, or “promoter” or “principal underwriter” for, an
“investment company,” as such
terms are defined in the Investment Company Act of 1940, as
amended.

       

      (m)           Security
Interest.  The Collateral Documents create in favor of the
Collateral Agent for the benefit of the Secured Parties a valid security
interest in the Collateral, securing the payment of the Secured Obligations, and
upon the filing of UCC financing statements and any Mortgages with respect to
Mortgaged Properties and other actions to be taken pursuant to the Collateral
Documents, such Liens constitute perfected second priority (subject only to the
Liens permitted by Sections 5.02(a))
security interest in the Collateral.  The Loan Parties are the legal
and beneficial owners of the Collateral free and clear of any Lien, except for
Liens created or permitted under Section 5.02(a).

       

      (n)           Solvency.  As
of the Effective Date, after giving effect to the Transaction, the Loan Parties
are, on a consolidated basis, Solvent.

       

      (o)           Labor Matters; ERISA
Compliance.  Except as, either individually or in the
aggregate, could not reasonably be expected to have a Material Adverse Effect,
there is (i) no unfair labor practice complaint pending or, to the knowledge of
the Borrower, threatened against any of the Loan Parties or their Subsidiaries
by or before any Governmental Authority, and no grievance or arbitration
proceeding pending or, to the knowledge of the Borrower, threatened against any
of the Loan Parties or any of their Subsidiaries which arises out of or under
any collective bargaining agreement, (ii) no strike, labor dispute, slowdown,
stoppage or similar action or grievance pending or, to the knowledge of the
Borrower, threatened against any of the Loan Parties or any of their
Subsidiaries and (c) to the knowledge of the Borrower, no union representation
question existing with respect to the employees of any of the Loan Parties or
any of their Subsidiaries and no union organizing activity taking place with
respect to any of the employees of any of them. Set forth on
Schedule 4.01(o) hereto is a complete and accurate list of all Plans and
Multiemployer Plans as of the date hereof.

      
        
           

        

        
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      (i)           No
ERISA Event has occurred or is reasonably expected to occur with respect to any
Plan which could be reasonably likely to have a Material Adverse
Effect.

       

      (ii)           Schedule B
(Actuarial Information) to the most recent annual report (Form 5500 Series)
for each Plan, copies of which have been filed with the Internal Revenue Service
and furnished to the Second Lien Lenders, fairly presents the funding status of
such Plan, and since the date of such Schedule B there has been no change
in such funding status which could be reasonably likely to have a Material
Adverse Effect.

       

      (iii)          Neither
any Loan Party nor any ERISA Affiliate has incurred or is reasonably expected to
incur any Withdrawal Liability to any Multiemployer Plan which could be
reasonably likely to have a Material Adverse Effect.

       

      (iv)         Neither
any Loan Party nor any ERISA Affiliate has been notified by the sponsor of a
Multiemployer Plan that such Multiemployer Plan is in reorganization or has been
terminated, within the meaning of Title IV of ERISA, and no such
Multiemployer Plan is reasonably expected to be in reorganization or to be
terminated, within the meaning of Title IV of ERISA which could be
reasonably likely to have a Material Adverse Effect.

       

      (p)           Environmental
Compliance.  (i) Except as set forth on Part I on
Schedule 4.01(p) hereto, the operations and properties of each Loan Party
and each of its Subsidiaries comply in all material respects with all applicable
Environmental Laws and Environmental Permits, which compliance includes
obtaining and maintaining all Environmental Permits that are necessary for the
operations or properties of any of the Loan Parties or any of their Subsidiaries
and all past non-compliance with such Environmental Laws and Environmental
Permits has been resolved without ongoing obligations or costs, and no
circumstances exist that could be reasonably likely to (A) form the basis
of an Environmental Action against any Loan Party or any of its Subsidiaries or
any of their properties that could have a Material Adverse Effect or
(B) cause any such property to be subject to any material restrictions on
ownership, occupancy, use or transferability under any Environmental
Law.

       

      (ii)           Except
as set forth on Part II on Schedule 4.01(p) hereto, to the knowledge of any
Loan Party, none of the properties currently or formerly owned by any Loan Party
or any of its Subsidiaries is listed or formally proposed for listing on the NPL
or on the CERCLIS or any analogous foreign, state or local list.

       

      (iii)          Except
as set forth on Part III on Schedule 4.01(p) hereto, neither any Loan Party
nor any of its Subsidiaries is undertaking, and has not completed, either
individually or together with other potentially responsible parties, any
investigation or assessment or remedial or response action relating to any
actual or threatened material release, discharge or disposal of Hazardous
Materials at any site, location or operation, either voluntarily or pursuant to
the order of any governmental or regulatory authority or the requirements of any
Environmental Law and all Hazardous Materials generated, used, treated, handled
or stored at, or transported by any Loan Party or any of its Subsidiaries to or
from, any property currently or formerly owned or operated by any Loan Party or
any of its Subsidiaries have been disposed of in a manner not reasonably
expected to result in material liability to any Loan Party or any of its
Subsidiaries.

       

      (q)           Taxes.  Except
as set forth on Part I of Schedule 4.01(q), neither any Loan Party nor any
of its Subsidiaries is a party to any tax sharing agreement.

      
        
           

        

        
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      (i)           Each
Loan Party and each of its Subsidiaries and Affiliates has filed, has caused to
be filed or has been included in all material Tax Returns (Federal, state, local
and foreign) required to be filed and has paid, or caused to be paid, all taxes
shown thereon to be due, together with applicable interest and penalties, except
(x) taxes that are being contested in good faith by appropriate proceedings and
for which such Loan Party, Subsidiary or Affiliate has set aside on its books
adequate reserves in accordance with GAAP or (y) the failure to file or pay
could not reasonably be expected to have a Material Adverse Effect.

       

      (ii)           Except
as set forth in Part II of Schedule 4.01(q), no issues have been raised by
any Federal, state, local or foreign tax authorities in respect of tax periods
for which the applicable statute of limitations for assessment or collection has
not expired that, individually or in the aggregate, could be reasonably likely
to have a Material Adverse Effect.

       

      (r)           Real
Property.  Set forth on Schedule 4.01(r) hereto is a
complete and accurate list of all material real property owned in fee by any
Loan Party or any of its Subsidiaries as of the date hereof, showing as of the
date hereof the street address, county or other relevant jurisdiction, state,
record owner and book and fair value thereof.  Each Loan Party or such
Subsidiary has good, marketable and insurable fee simple title to such real
property, free and clear of all Liens, other than Permitted Liens, Permitted
Encumbrances, other Liens permitted by Section 5.02(a),
and minor defects in title that do not materially interfere with such Loan
Party’s ability to conduct its business or to utilize such assets for their
intended purposes and except where the failure to have such title could not
reasonably be expected to have a Material Adverse Effect.

       

      (s)           Leases.  Set
forth on Schedule 4.01(s) hereto is a complete and accurate list of all
material leases of real property under which any Loan Party or any of its
Subsidiaries is the lessee as of the date hereof, showing as of the date hereof
the street address, county or other relevant jurisdiction, state, lessor and
lessee.  To the knowledge of each Loan Party, each such lease is the
legal, valid and binding obligation of the lessor thereof, enforceable in
accordance with its terms, except to the extent the failure to have such valid
leasehold could not reasonably be expected to have a Material Adverse
Effect.

       

      (t)           Intellectual
Property.  Set forth on Schedule 4.01(t) hereto is a
complete and accurate list of all material patents, trademarks, trade names,
service marks and copyrights, and all applications therefor and licenses
thereof, of each Loan Party or any of its Subsidiaries as of the date hereof,
showing as of the date hereof the registration number and the date of
registration.

       

      SECTION
4.02.  Representations and
Warranties of the Parent and Borrower to the Seller Holders.

       

      (a)           Equity
Interests.  All of the outstanding Equity Interests of the
Borrower have been validly issued, are fully paid and non-assessable and are
owned by the Parent free and clear of all Liens, except those created under the
Collateral Documents, Liens securing the First Lien Credit Agreement on a
first-priority basis to the Facility or Liens permitted by Section 5.02(a).

       

      (b)           Authorization:
Non-Contravention.  The execution, delivery and performance by
the Borrower and the Parent of each Loan Document to which it is or is to be a
party, and the consummation of the transaction contemplated hereby, are within
such Person’s corporate powers, have been duly authorized by all necessary
corporate action, and do not (i) contravene such Person’s charter, bylaws
or other constituent documents, (ii) violate any law, rule, regulation
applicable to such Person, or any order, writ, judgment, injunction, decree,
determination or award binding on such Person, (iii) conflict with or
result in the breach of, or constitute a default or require any payment to be
made under, any contract, loan agreement, indenture, mortgage, deed of trust,
lease or other instrument binding on or affecting such Person or any of its
properties, or (iv) except for the Liens created under the Loan Documents,
the First Lien Loan Documents or Liens permitted by Section 5.02(a),
result in or require the creation or imposition of any Lien upon or with respect
to any of the properties of such Person except in each case of clauses (ii) and
(iii) above, to the extent such violation, breach, conflict, default or
imposition of a Lien could not reasonably be expected to have a Material Adverse
Effect.

      
        
           

        

        
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      (c)           Governmental Authorization;
Other Consents.  Except to the extent the failure to obtain or
make the same could not reasonably be expected to result in a Material Adverse
Effect, no Governmental Authorization, and no notice to or filing with, or
consent of any Governmental Authority or any other third party is required for
(i) the due execution, delivery, recordation, filing or performance by the
Borrower and the Parent of any Loan Document to which it is or is to be a party,
or for the consummation of the transaction contemplated hereby, (ii) the
grant by the Borrower and the Parent of the Liens granted by it pursuant to the
Collateral Documents, (iii) the perfection or maintenance of the Liens
created under the Collateral Documents (including the second priority (subject
only to Liens permitted by Section 5.02(a))
nature thereof), (iv) the exercise by any Agent or any Second Lien Lender
of its rights under the Loan Documents or the remedies in respect of the
Collateral pursuant to the Collateral Documents, except for the authorizations,
approvals, actions, notices and filings (A) specifically contemplated by the
Collateral Documents and (B) or listed on Schedule 4.01(d) hereto or (v)
filings and registrations necessary to perfect the Liens on the Collateral
granted by the Borrower and the Parent pursuant to the Collateral
Documents.

       

      (d)           Binding
Effect.  This Agreement has been, and each other Loan Document
when delivered hereunder will have been, duly executed and delivered by the
Borrower and/or the Parent to the extent it is a party thereto.  This
Agreement is, and each other Loan Document when delivered hereunder will
constitute, the legal, valid and binding obligation of the Borrower and/or the
Parent to the extent it is a party thereto, enforceable against such Person in
accordance with its terms.

       

      (e)           Litigation.  Neither
the Parent nor the Borrower is a party to any suit, investigation, litigation or
proceeding including any Environmental Action, pending or, to the knowledge of
the Borrower, threatened in writing before any Governmental Authority or
arbitrator that purports to affect the legality, validity or enforceability of
any Loan Document as against the Parent and/or the Borrower.

       

      (f)           Security
Interest.  The Collateral Documents create in favor of the
Collateral Agent for the benefit of the Secured Parties a valid security
interest in the Collateral, securing the payment of the Secured Obligations, and
upon the filing of UCC financing statements and any Mortgages with respect to
Mortgaged Properties and other actions to be taken pursuant to the Collateral
Documents, such Liens constitute perfected second priority (subject only to the
Liens permitted by Sections 5.02(a))
security interest in the Collateral.  Parent and the Borrower are the
legal and beneficial owners of the Collateral owned by them free and clear of
any Lien, except for Liens created or permitted under Section 5.02(a).

      
        
           

        

        
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      ARTICLE
V

       

      COVENANTS
OF THE LOAN PARTIES

       

      SECTION
5.01.  Affirmative
Covenants.  Until the Termination Date, each Loan Party
will:

       

      (a)           Compliance with Laws,
Etc.  (a)
Comply, and cause each of its Subsidiaries to comply, in all material respects,
with all applicable laws, rules, regulations and orders of any Governmental
Authority, such compliance to include, without limitation, compliance with
ERISA, the Racketeer Influenced and Corrupt Organizations Chapter of the
Organized Crime Control Act of 1970 and the Patriot Act, except to the extent
noncompliance could not reasonably be expected to result in a Material Adverse
Effect and (b) obtain and maintain in effect all Governmental Authorizations
that are necessary (i) to own or lease and operate their respective property and
assets and to conduct their respective businesses as now conducted, except where
and to the extent that the failure to obtain or maintain in effect all
Governmental Authorizations, either individually or in the aggregate, could not
reasonably be expected to have a Material Adverse Effect or (ii) for the due
execution, delivery or performance by the Borrower or any of its Subsidiaries of
any of the Loan Documents to which it is a party.

       

      (b)           Payment of Taxes,
Etc.  Pay and discharge, and cause each of its Subsidiaries to
pay and discharge, to the extent due and payable and before the same shall
become delinquent, (i) all material taxes, assessments and governmental
charges or levies and other governmental charges imposed upon it or upon its
property and (ii) all lawful claims that, if unpaid, might by law become a
Lien upon its property and assets or any part thereof; provided, however, that neither any
Loan Party nor any of its Subsidiaries shall be required to pay or discharge any
such tax, assessment, reassessment, levy, charge or claim (x) that is being
contested in good faith and by proper proceedings and as to which appropriate
reserves are being maintained, unless and until any Lien resulting therefrom
attaches to its property and becomes enforceable against its other creditors or
(y) the failure to pay could not reasonably be expected to have a Material
Adverse Effect.

       

      (c)           Compliance with
Environmental Laws.  Except to the extent that the failure to
do so could not reasonably be expected to result in a Material Adverse Effect,
comply, and cause each of its Subsidiaries and use commercially reasonable
efforts to cause all lessees and other Persons operating or occupying its
properties to comply, in all respects, with all applicable Environmental Laws
and Environmental Permits; which compliance includes:  (i) obtaining
and renewing and causing each of its Subsidiaries to obtain and renew, all
Environmental Permits necessary for its operations and properties; and (ii)
conducting and causing each of its Subsidiaries to conduct, any investigation,
study, sampling and testing, and undertaking and causing each of its
Subsidiaries to undertake any cleanup, removal, remedial or other action
necessary to remove and clean up all Hazardous Materials from any of its
properties, in accordance with the requirements of all Environmental Laws; provided, however, that neither any
Loan Party nor any of its Subsidiaries shall be required to undertake any such
cleanup, removal, remedial or other action to the extent that its obligation to
do so is being contested in good faith and by proper proceedings and appropriate
reserves are being maintained with respect to such circumstances.

       

      (d)           Maintenance of
Insurance.  Maintain, and cause each of its Subsidiaries to
maintain, insurance for their respective properties, assets and businesses with
financially sound and reputable insurance companies or associations (including,
without limitation, insurance against theft and fraud and against loss or damage
by fire, explosion or hazard of or to property and general public liability
insurance), in such amounts and with such deductibles, and covering such risks
as is usually carried by companies engaged in similar businesses and owning
similar properties in the same general areas in which such Loan Party or such
Subsidiary operates.

       

      (e)           Preservation of Legal
Existence, Etc.  Except to the extent that the failure to do so
could not reasonably be expected to result in a Material Adverse Effect,
preserve and maintain, and cause each of its Subsidiaries to preserve and
maintain, its existence in its jurisdiction of organization and all material
rights (charter and statutory), permits, licenses, approvals, privileges and
franchises; provided,
however, that such Loan
Party and its Subsidiaries may consummate any merger or consolidation permitted
under Section 5.02(d).

      
        
           

        

        
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      (f)           Visitation
Rights.  Permit during normal business hours and upon
reasonable advance notice, any of the Agents or any of the Second Lien Lenders,
or any agents or representatives thereof (in each case coordinated through the
Administrative Agent), from time to time, to examine and make copies of and
abstracts from the records and books of account of, and visit the properties of,
such Loan Party and any of its Subsidiaries, and to discuss the affairs,
finances and accounts of such Loan Party and any of its Subsidiaries with any of
their officers, and with their independent certified public accountants; provided that, such Loan
Party shall be given the opportunity to participate in any discussions with its
accountants; provided
further that absent the occurrence and continuation of an Event of
Default, only one such visit shall be at the expense of the Borrower in any
Fiscal Year.

       

      (g)           Keeping of
Books.  Keep, and cause each of its Subsidiaries to keep,
proper books of record and account, in which full and correct entries shall be
made of all financial transactions and the assets and business of such Loan
Party and each such Subsidiary in accordance with GAAP.

       

      (h)           Maintenance of Properties,
Etc.  Except if the failure to do so could not reasonably be
expected to have a Material Adverse Effect, (i) maintain and preserve, and cause
each of its Subsidiaries to maintain and preserve, all of its material
properties that are used or useful in the conduct of its business in good
working order and condition, ordinary wear and tear, casualty and condemnation
excepted and (ii) make and cause each of its Subsidiaries to make, from time to
time, all repairs, renewals, additions, replacements, betterments and
improvements of such properties in accordance with prudent industry practice;
provided, however, that nothing in this
Section 5.01(h)
shall prohibit sales of assets permitted by Section 5.02(e).

       

      (i)           Transactions with
Affiliates.  Conduct, and cause each of its Subsidiaries to
conduct, all transactions otherwise permitted under the Loan Documents with any
of their Affiliates on terms that are fair and reasonable and no less favorable
to such Loan Party or such Subsidiary than it would obtain in a comparable
arm’s-length transaction with a Person not an Affiliate; provided, however, that
nothing in this Section 5.01(i)
shall prevent (i) any transaction between Loan Parties, (ii) the payment
of reasonable and customary fees to members of the governing bodies of any Loan
Party and reimbursement of reasonable out-of-pocket expenses of such Persons,
(iii) payments permitted by Section 5.02(g),
(iv) Investments in Loan Parties and their Subsidiaries permitted pursuant to
Section 5.02(f),
(v) reasonable and customary director, officer and employee compensation
(including bonuses and severance) and other benefits (including retirement,
health, stock option and other benefit plans) and indemnification arrangements
in the ordinary course of business and in good faith or to the extent approved
in good faith by the board of directors, (vi) the Transactions and the payment
of fees and expenses in connection therewith, (vii) equity issuances permitted
(and not otherwise prohibited) by this Agreement, (viii) loans and transactions
between or among the Borrower and one or more of its Subsidiaries expressly
permitted by Section 5.02(b)
and 5.02(f) of this
Agreement, (ix) reasonable and customary fees paid to members of the board of
directors of the Parent (or its direct or indirect parent) and its Subsidiaries
(or after the consummation of a Qualified Public Offering of the Borrower, of
the Borrower), and reimbursement of reasonable out-of-pocket costs and expenses
of such Persons, (x) employment and severance arrangements between the Borrower
and any of its Subsidiaries and their directors, officers, employees and members
of management in the ordinary course of business, (xi) payments by the Parent
and its Subsidiaries pursuant to the tax sharing agreements among Parent and its
Subsidiaries on customary terms, (xii) transactions with customers, clients,
suppliers, joint venture partners or purchasers or sellers of good and services,
in each case, in the ordinary course of business or otherwise not prohibited by
the Loan Documents, (xiii) transactions listed on Schedule 5.01(i)
and (xiv) payment of financial advisory and monitoring fees to the Sponsor as
provided in the Management Agreements as in effect on the Effective Date and
reimbursement of indemnification and reasonable out-of-pocket
expenses;

      
        
           

        

        
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      (j)           Covenant to Guarantee
Obligations and Give Security.  Upon (x) the request of the
Collateral Agent following the occurrence and during the continuance of an Event
of Default, (y) the formation or acquisition of any new direct or indirect
Subsidiary by any Loan Party or (z) the acquisition of any property of the
type constituting Collateral by any Loan Party, and such Collateral, shall not
already be subject to a perfected second priority (subject only to Liens
permitted by Section 5.02(a))
security interest in favor of the Collateral Agent for the benefit of the
Secured Parties, then in each case at the Borrower’s expense:

       

      (i)           in
connection with the formation or acquisition of a Subsidiary that is not (x) a
CFC or (y) a Subsidiary that is held directly or indirectly by a CFC, within 30
days (or such longer period as to which the Administrative Agent may consent)
after such formation or acquisition, cause each such Subsidiary to duly execute
and deliver to the Collateral Agent a guaranty or Guaranty Supplement in form
and substance reasonably satisfactory to the Collateral Agent, guaranteeing the
other Loan Parties’ obligations under the Loan Documents and an Acknowledgement
(as defined in the Intercreditor Agreement),

       

      (ii)           in
connection with the acquisition of such property of the type constituting
Collateral under the Collateral Documents, on or prior to 30 days (or such
longer period as to which the Administrative Agent may consent) following such
acquisition of property by any Loan Party, (A) duly execute and deliver, and
cause each Loan Party to duly execute and deliver, to the Collateral Agent such
additional  pledges, assignments, security agreement supplements,
intellectual property security agreement supplements and other security
agreements as specified by the Collateral Documents, and in form and substance
reasonably satisfactory to the Collateral Agent, securing payment of all the
Obligations of such Loan Party under the Loan Documents and constituting Liens
on all such properties and (B) such formation or acquisition of any new
Subsidiary, duly execute and deliver and cause each Subsidiary to duly execute
and deliver to the Collateral Agent pledges, assignments, security agreement
supplements and other security agreements as specified by the Collateral
Documents, and in form and substance reasonably satisfactory to the Collateral
Agent, securing payment of all of the obligations of such Subsidiary under the
Loan Documents; provided that (1) the stock
of any Subsidiary held by a CFC shall not be pledged and (2) if such new
property is Equity Interests in a CFC, only 66% of such Equity Interests shall
be pledged in favor of the Secured Parties,

       

      (iii)          in
connection with the acquisition of such property of the type constituting
Collateral under the Collateral Documents, on or prior to 30 days (or such
longer period as to which the Administrative Agent may consent) following such
acquisition of property by any Loan Party, after such request, formation or
acquisition, take, and cause each Loan Party and each newly acquired or newly
formed Subsidiary (other than any Subsidiary that is a CFC or a Subsidiary that
is held directly or indirectly by a CFC) to take, whatever action (including,
without limitation, the recording of mortgages, the filing of Uniform Commercial
Code financing statements, the giving of notices and the endorsement of notices
on title documents) may be necessary or advisable in the opinion of the
Collateral Agent to vest in the Collateral Agent (or in any representative of
the Collateral Agent designated by it) valid and subsisting Liens on the
properties purported to be subject to the mortgages, pledges, assignments,
security agreement supplements and security agreements delivered pursuant to
this Section 5.01(j),
enforceable against all third parties in accordance with their
terms,

      
        
           

        

        
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      (iv)          within
90 days (or such longer period as to which the Administrative Agent may consent)
following the date of the acquisition of any fee interest in any real property
located in the United States with a book value in excess of $250,000 (as
reasonably estimated by the Borrower) acquired after the Effective Date by any
Loan Party (other than any Subsidiary that is a CFC or a Subsidiary that is held
directly or indirectly by a CFC), execute and deliver deeds or trust, trust
deeds, mortgages substantially in the form of reasonably satisfactory to the
Administrative Agent (a “Mortgage”), duly executed by the
appropriate Loan Party, together with (x) evidence that counterparts of the
Mortgages have been either (i) duly recorded or (ii) duly executed, acknowledged
and delivered in form suitable for filing or recording, in all filing or
recording offices that the Administrative Agent may deem necessary in order to
create a valid first and subsisting Lien (subject to Permitted Encumbrances) on
the property described therein in favor of the Collateral Agent for the benefit
of the Secured Parties and that all filing and recording taxes and fees have
been paid, (y) title insurance policies in form and substance, with endorsements
and in amount, reasonably acceptable to the Administrative Agent and (z) any
existing survey,

       

      (v)          at
any time and from time to time, promptly execute and deliver, and cause to
execute and deliver, each Loan Party and each newly acquired or newly formed
Subsidiary (other than any Subsidiary that is a CFC or a Subsidiary that is held
directly or indirectly by a CFC) any and all further instruments and documents
(including customary legal opinion as to the foregoing, if reasonably requested
by the Administrative Agent) and take, and cause each Loan Party and each newly
acquired or newly formed Subsidiary (other than any Subsidiary that is a CFC or
a Subsidiary that is held directly or indirectly by a CFC) to take, all such
other action as the Collateral Agent may deem reasonably necessary in obtaining
the full benefits of, or in perfecting and preserving the Liens of, such
guaranties, mortgages, pledges, assignments, security agreement supplements,
intellectual property security agreement supplements and security
agreements.

       

      Notwithstanding
anything to the contrary in this Section 5.01(j)
or any other Collateral Document, the Collateral Agent shall not require the
taking of a Lien on, or require the perfection of any Lien granted in, those
assets as to which the cost of obtaining or perfecting such Lien (including any
mortgage stamp, intangibles or other tax or expenses relating to such Lien) is
excessive in relation to the benefit to the Second Lien Lenders of the security
afforded thereby as reasonably determined by the Borrower and the Administrative
Agent.

       

      (k)           Further
Assurances.  Promptly upon the request by any Agent, or any
Second Lien Lender  through the Administrative Agent, do, execute,
acknowledge, deliver, record, re-record, file, re-file, register and re-register
any and all such further acts, deeds, conveyances, pledge agreements, mortgages,
deeds of trust, trust deeds, assignments, financing statements and continuations
thereof, termination statements, notices of assignment, transfers, certificates,
assurances and other instruments as any Agent, or any Second Lien Lender through
the Administrative Agent, may reasonably require from time to time in order to
perfect and maintain the validity, effectiveness and priority of any of the
Collateral Documents and any of the Liens intended to be created
thereunder.

       

      (l)           [Intentionally
Omitted.]

      
        
           

        

        
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      (m)           Preparation of Environmental
Reports.  Upon the reasonable written request of the
Administrative Agent during the continuance of an Event of Default, provide to
the Administrative Agent within 60 days after receipt of such written request,
at the expense of the Borrower or such Loan Party, an environmental site
assessment report for any of its or its Subsidiaries’ properties described in
such request, prepared by an environmental consulting firm acceptable to the
Administrative Agent, indicating the presence or absence of Hazardous Materials
at levels exceeding those allowed by Environmental Laws and the estimated cost
of any compliance, removal or remedial action required by Environmental Laws in
connection with any Hazardous Materials on such properties, without limiting the
generality of the foregoing, if the Administrative Agent determines at any time
that a material risk exists that any such report will not be provided within the
time referred to above, the Administrative Agent may retain an environmental
consulting firm to prepare such report at the expense of the Borrower or such
Loan Party, and each Loan Party hereby grants and agrees to cause any Subsidiary
that owns any property described in such request to grant at the time of such
request to the Agents, the Second Lien Lenders, such firm and any agents or
representatives thereof an irrevocable non-exclusive license, subject to the
rights of tenants, to enter onto their respective properties to undertake such
an assessment.

       

      (n)           Compliance with Terms of
Leaseholds.  Make all payments and otherwise perform all
obligations in respect of all leases of real property to which each Loan Party
or any of its Subsidiaries is a party, keep such leases in full force and effect
and not allow such leases to lapse or be terminated or any rights to renew such
leases to be forfeited or cancelled, except in any case, where the failure to do
so, either individually or in the aggregate, could not reasonably be expected to
have a Material Adverse Effect.

       

      SECTION
5.02.  Negative
Covenants.  Until the Termination Date has occurred, no Loan
Party will at any time:

       

      (a)           Liens,
Etc.  Create, incur, assume or suffer to exist, or permit any
of its Subsidiaries to create, incur, assume or suffer to exist, any Lien on or
with respect to any of its properties of any character (including, without
limitation, accounts) whether now owned or hereafter acquired, or assign, or
permit any of its Subsidiaries to assign, any accounts or other right to receive
income, except:

       

      (i)           Liens
created under the Loan Documents;

       

      (ii)          Liens
created under the First Lien Loan Documents;

       

      (iii)         Permitted
Liens;

       

      (iv)         Liens
existing on the date hereof and described on Schedule 5.02(a)
hereto and extensions, renewals or replacements of any of the foregoing; provided that no such Lien
shall encumber any additional property (other than (A) after-acquired property
affixed or incorporated into the property covered by such Lien, and (B) proceeds
and products thereof);

       

      (v)          purchase
money Liens upon or in property (real or personal) acquired or held by such Loan
Party or any of its Subsidiaries to secure the purchase price of such property
or to secure Debt incurred solely for the purpose of financing the acquisition,
construction or improvement of any such property to be subject to such Liens, or
Liens existing on any such property at the time of acquisition (other than any
such Liens created in contemplation of such acquisition that do not secure the
purchase price), or extensions, renewals or replacements of any of the foregoing
for the same or a lesser amount; provided, however, that no such Lien
shall extend to or cover any property other than the property being
acquired, constructed or improved, and no such extension, renewal or
replacement shall extend to or cover any property not theretofore subject to the
Lien being extended, renewed or replaced (other than (A) after-acquired property
affixed or incorporated into the property covered by such Lien or financed by
Debt permitted under Section 5.02(b),
and (B) proceeds and products thereof); and provided further that the aggregate
principal amount of the Debt secured by Liens permitted by this clause (v)
shall not exceed the amount permitted under Section 5.02(b)(iii)
at any time outstanding;

      
        
           

        

        
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      (vi)         Liens
arising in connection with Capitalized Leases permitted under Section 5.02(b)(iv);
provided that no such
Lien shall extend to or cover any Collateral or assets other than the assets
subject to such Capitalized Leases (other than (A) after-acquired property
affixed or incorporated into the property covered by such Lien or financed by
Debt permitted pursuant to Section 5.02(b)
and (B) the proceeds and products thereof and accessions thereto);

       

      (vii)        Liens
securing Debt permitted by Section 5.02(b)
and on property existing at the time such Person became a Subsidiary; provided that such Liens
existed prior to such Person becoming a Subsidiary or such Investment being
made, were not created in anticipation thereof and attach only to specific
assets of such Person and the proceeds and products thereof;

       

      (viii)       (a)
leases, subleases, licenses and sublicenses granted to other Persons not
interfering in any material respect with the ordinary course of the business of
the Borrower or its Subsidiaries and (b) the rights reserved or vested in any
Person by the terms of any lease, license, franchise, grant or permit held by
the Borrower or any of its Subsidiaries or by a statutory provision, to
terminate any such lease, license, franchise, grant or permit, or to require
annual or periodic payments as a condition to the continuance
thereof;

       

      (ix)          Liens
arising out of conditional sale, title retention, consignment or similar
arrangements for the sale of goods entered into by the Borrower or any of its
Subsidiaries in the ordinary course of business;

       

      (x)           bankers’
Liens, rights of setoff and other similar Liens existing solely with respect to
cash and Cash Equivalents on deposit in one or more accounts maintained by the
Parent or any Subsidiary, in each case granted in the ordinary course of
business in favor of the bank or banks with which such accounts are maintained,
securing amounts owing to such bank with respect to cash management and
operating account arrangements, including those involving pooled accounts and
netting arrangements;

       

      (xi)          Licenses,
sublicenses or grant of any other right of intellectual property granted by the
Parent or any of its Subsidiaries in the ordinary course of
business;

       

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

       

      (xiii)        Liens
(a)(1) on advances of cash or Cash Equivalents in favor of the seller of any
property to be acquired in a Permitted Acquisition or in an Investment permitted
pursuant to Section 5.02(f)
to be applied against the purchase price for such Permitted Acquisition or such
Investment and (2) consisting of an agreement to dispose of any property in a
Disposition permitted under Section 5.02(e),
in each case, solely to the extent such Permitted Acquisition, Investment or
Disposition, as the case may be, would have been permitted on the date of the
creation of such Lien and (b) earnest money deposits of cash or Cash Equivalents
by the Parent or any of its Subsidiaries in connection with any letter of intent
or purchase agreement permitted hereunder;

      
        
           

        

        
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      (xiv)        Liens
encumbering reasonable customary initial deposits and margin deposits and
similar Liens attaching to commodity trading accounts or other brokerage
accounts incurred in the ordinary course of business and not for speculative
purposes;

       

      (xv)         (a)
any interest or title of a lessor, sublessor, licensee or licensor under any
lease or license agreement in the ordinary course of business, (b) any Lien or
restriction that the interest or title of such lessor or sublessor may be
subject to, or (c) any subordination of the interest of the lessee or sublessee
under such lease to any Lien or restriction referred to in the preceding clause (b);

       

      (xvi)        Liens
in favor of customs and revenue authorities arising as a matter of law to secure
payment of customs duties in connection with the importation of
goods;

       

      (xvii)       Liens
securing obligations (other than obligations representing indebtedness for
borrowed money) under operating, reciprocal easement or similar agreements
entered into in the ordinary course of business of the Borrower and its
Subsidiaries;

       

      (xviii)      other
Liens securing Debt and other obligations outstanding in an aggregate principal
amount not to exceed $1,500,000; and

       

      (xix)         any
extension, renewal or replacement (or successive extensions, renewals or
replacements), in whole or in part, of any Lien referred to in the foregoing
clauses; provided,
however, than no such Lien shall extend to or cover any property not theretofore
subject to the Lien being extended, renewed or replaced; provided further, however,
that the aggregate principal amount of the Debt secured by Liens permitted by
this clause (xix) shall not exceed the amount permitted under Section 5.02(b)
at any time outstanding.

       

      (b)           Debt.  Create,
incur, assume or suffer to exist, or permit any of its Subsidiaries to create,
incur, assume or suffer to exist, any Debt, except:

       

      (i)           Debt
under the Loan Documents;

       

      (ii)           Debt
under the First Lien Loan Documents;

       

      (iii)          Debt
secured by Liens permitted by Section 5.02(a)(v)
in an aggregate principal amount, together with Debt permitted under clause (iv)
below, not to exceed $3,125,000 at any time outstanding;

       

      (iv)         Capitalized
Leases in an aggregate principal amount, together with Debt permitted under
clause (iii) above, not to exceed $3,125,000 at any time outstanding, and in the
case of Capitalized Leases to which any Subsidiary of any Loan Party is a party,
Debt of such Loan Party of the type described in clause (i) of the definition of
“Debt”
guaranteeing the Obligations of such Subsidiary under such Capitalized
Leases;

      
        
           

        

        
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      (v)          the
Surviving Debt described on Schedule 5.02(b)
and any Debt extending the maturity of, or refunding or refinancing, in whole or
in part, any Surviving Debt, provided that the principal
amount of such Surviving Debt shall not be increased above the principal amount
thereof outstanding immediately prior to such extension, refunding or
refinancing, and the direct and contingent obligors therefor shall not be
changed, as a result of or in connection with such extension, refunding or
refinancing;

       

      (vi)         Debt
in respect of Hedge Agreements designed to hedge against fluctuations in
interest rates incurred in the ordinary course of business and consistent with
prudent business practice;

       

      (vii)        (A)
Debt owed to a Loan Party, which Debt shall constitute Collateral, (B) Debt owed
to any Subsidiary that is not a Loan Party by any Subsidiary that is not a Loan
Party or (C) Debt by a Loan Party in an aggregate amount not to exceed $312,500
owed to any Subsidiary that is not a Loan Party;

       

      (viii)       Debt
in respect of performance, surety, bid, appeal bonds, completion guarantees or
other similar obligations provided in the ordinary course of business, including
guarantees or obligations of the Borrower and its Subsidiaries with respect to
letters of credit supporting such performance, surety, bid, appeal bonds,
completion guarantees or other similar obligations but excluding Debt incurred
through the borrowing of money, Capitalized Leases and purchase money
obligations;

       

      (ix)          Debt
consisting of promissory notes issued to future, present or former directors,
officers, members of management, employees or consultants of the Parent or any
of its Subsidiaries or their respective estates, heirs, family members, spouses
or former spouses to finance the purchase or redemption of Equity Interests of
the Parent or any of its direct or indirect parent companies permitted by Section 5.02(g)
in the ordinary course of business;

       

      (x)           Cash
management obligations and other Debt in respect of netting services, overdraft
protections and similar arrangements in each case in connection with cash
management and deposit accounts in the ordinary course of business;

       

      (xi)          Debt
consisting of the financing of insurance premiums, so long as the aggregate
amount payable pursuant to such Debt does not materially exceed the amount of
the premium for such insurance;

       

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

       

      (xiii)        Debt
of the Parent to the Borrower in lieu of any payment permitted to be made
pursuant to Section 5.02(g);

       

      (xiv)        other
Debt of the Borrower and its Subsidiaries in an aggregate amount at any time
outstanding not to exceed $1,500,000;

      
        
           

        

        
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      (xv)         Guarantee
Obligations in respect of indemnity agreements to title insurers to cause such
title insurers to issue title insurance policies;

       

      (xvi)        all
premiums (if any), interest (including post-petition interest), fees, expenses,
charges and additional or contingent interest on obligations described in
clauses (i) through (xv) of this Section 5.02(b);

       

      (xvii)       Debt
consisting of Permitted Earn-Out Obligations;

       

      (xviii)      (a)
Guarantee Obligations of a Loan Party in respect of Debt of a Loan Party
otherwise permitted by this Section 5.02(b),
and (b) Guarantee Obligations of a Subsidiary of the Parent that is not Loan
Party in respect of Debt of the Parent or any of its Subsidiaries otherwise
permitted by this Section 5.02(b);
and

       

      (xix)         any
extension, renewal, replacement, modification or refinancing of any Debt
described in paragraphs (ii), (iii), (iv) and (v) of this Section 5.02(b)
that would be a Permitted Refinancing thereof.

       

      (c)           Change in Nature of
Business.  Make, or permit any of its Subsidiaries to make, any
material change in the nature of its business as carried on at the date hereof;
provided that the
foregoing shall not limit the ability of its Subsidiaries to engage in any
business reasonably incidental, similar, related or ancillary
thereto.

       

      (d)           Mergers,
Etc.  Merge into or consolidate with any Person or permit any
Person to merge into it, or permit any of its Subsidiaries to do so, except
that:

       

      (i)           any
Subsidiary of the Borrower may merge into or consolidate with any other
Subsidiary of the Borrower; provided that, in the case of
any such merger or consolidation of a Subsidiary Guarantor, the Person formed by
such merger or consolidation shall be a Subsidiary Guarantor or a Person who
becomes a Subsidiary Guarantor simultaneously therewith;

       

      (ii)           the
Company or any Subsidiary of the Borrower may merge into or consolidate with the
Borrower; provided
that, in the case of any such merger or consolidation, the Borrower shall
be the surviving entity;

       

      (iii)           in
connection with any investment permitted under Section 5.02(f),
the Borrower or any Subsidiary of the Borrower may merge into or consolidate
with any other Person or permit any other Person to merge into or consolidate
with it; provided that
the Person surviving such merger shall be a Subsidiary Guarantor or the
Borrower; and

       

      (iv)           in
connection with any sale or other disposition permitted under Section 5.02(e)
(other than clause (ii) thereof), any Subsidiary of the Borrower may merge into
or consolidate with any other Person or permit any other Person to merge into or
consolidate with it;

       

      (v)           provided, however, that in
each case of clauses (iii) or (iv), immediately before and after giving effect
thereto, no Event of Default shall have occurred and be continuing and, in the
case of any such merger of clauses (iii) or (iv) to which the Borrower is a
party, the Borrower is the surviving corporation.

      
        
           

        

        
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      (e)           Sales, Etc., of
Assets.  Dispose of, or permit any of its Subsidiaries to
Dispose of, any assets, except:

       

      (i)           sales
of Inventory or obsolete, damaged or worn out property, in the ordinary course
of its business;

       

      (ii)           in
a transaction authorized by Section 5.02(d)
(other than subsection (iv) thereof);

       

      (iii)          Dispositions
of assets among the Borrower and any Subsidiary; provided that if the
transferor in such transaction is the Borrower or a Subsidiary Guarantor, then
the transferee must either be the Borrower, the Parent or a Subsidiary Guarantor
or to the extent constituting an Investment, such transaction is permitted under
Section 5.02(f);

       

      (iv)         a
Disposition of cash or Cash Equivalents;

       

      (v)          the
sale, lease, transfer or other disposition of accounts in the ordinary course of
business for collection;

       

      (vi)         Investments
in compliance with Section 5.02(f);

       

      (vii)        leases,
subleases, licenses or sublicenses of property in the ordinary course of
business which do not materially interfere with the business of the Borrower and
its Subsidiaries taken as a whole;

       

      (viii)       transfers
of property subject to any casualty or other insured damage to, or any taking
under power of eminent domain or by condemnation or any similar
proceedings;

       

      (ix)          Dispositions
in the ordinary course of business consisting of the abandonment of intellectual
property which, in the reasonable good faith determination of the Borrower, are
not material to the conduct of the business of the Borrower and its
Subsidiaries;

       

      (x)           Dispositions
of tangible property to the extent that (A) such property is exchanged for
credit against the purchase price of similar replacement property or (B) the
proceeds of such Disposition are promptly applied to the purchase price of such
replacement property;

       

      (xi)           in
order to resolve disputes that occur in the ordinary course of business, in
which event the Borrower and its Subsidiaries may discount or otherwise
compromise for less than the face value thereof, notes or accounts
receivable;

       

      (xii)         a
Disposition in order to qualify members of the Board of Directors if required by
applicable law;

       

      (xiii)        voluntary
terminations of Hedging Agreements;

      
        
           

        

        
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      (xiv)        Liens
granted in compliance with Section 5.02(a)
or Dispositions to the extent otherwise permitted under Section 5.02(f)
and (g); provided that no Liens may be
granted or Dispositions made solely pursuant to this Section 5.02(e)(xiv);
and

       

      (xv)         so
long as no Event of Default shall have occurred and be continuing or would
result from such sale, sales, transfers or other dispositions of assets for cash
and for fair value in an aggregate amount not to exceed $6,250,000 in any Fiscal
Year;

       

      provided that in the case of
sales of assets pursuant to clause (xv) above, the Borrower shall, on the
date of receipt by any Loan Party or any of its Subsidiaries of the Net Cash
Proceeds from such sale, prepay the Advances pursuant to, and in the amount and
order of priority set forth in, Section 2.06(b)(ii),
as specified therein.

       

      (f)           Investments in Other
Persons.  Make or hold, or permit any of its Subsidiaries to
make or hold, any Investment in any Person, except:

       

      (i)        
   Investments in Loan Parties;

       

      (ii)           loans
and advances (including advances of payroll payments) to directors, officers,
members of management or employees in the ordinary course of business in an
aggregate principal amount not to exceed $312,500 at any time
outstanding;

       

      (iii)          Investments
in Cash Equivalents;

       

      (iv)          Investments
existing on the date hereof and described on Schedule 5.02(f)
hereto with any modifications, replacements, renewals or extensions thereof;
provided that the
amount of the original Investment is not increased except by the terms of such
Investment or as otherwise permitted by this Section 5.02(f);

       

      (v)           Investments
in Hedge Agreements permitted under Article V;

       

      (vi)          Investments
(A) in any Loan Party, (B) by any Subsidiary that is not a Loan Party in any
Loan Party or Subsidiary that is not a Loan Party or (C) in an aggregate not to
exceed $312,500 by a Loan Party in any Subsidiary that is not a Loan
Party;

       

      (vii)         the
purchase or other acquisition of all of the Equity Interests in, or all or
substantially all of the property and assets of, any Person that, upon the
consummation thereof, will be wholly-owned directly by the Borrower or one or
more of its wholly-owned Subsidiaries (including, without limitation, as a
result of a merger or consolidation), in an aggregate amount for all such
purchases or other acquisitions not to exceed the sum of $60,000,000 plus the proceeds of Excluded
Issuances; provided
that, with respect to each purchase or other acquisition made pursuant to this
clause (vii):

       

      (A)          any
such newly created or acquired Subsidiary shall comply with the requirements of
Section 5.01(j);

      
        
           

        

        
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      (B)          the
lines of business of the Person to be (or the property and assets of which are
to be) so purchased or otherwise acquired shall be substantially the same lines
of business (or reasonably incidental, related or ancillary thereto) as one or
more of the principal businesses of the Borrower and its Subsidiaries in the
ordinary course;

       

      (C)          such
purchase or other acquisition shall not include or result in any contingent
liabilities that could reasonably be expected to have a Material Adverse Effect
(as determined in good faith by the board of directors (or the persons
performing similar functions) of the Borrower or such Subsidiary if the board of
directors is otherwise approving such transaction and, in each other case, by a
Responsible Officer, and taking into account any available indemnities and
insurance coverage);

       

      (D)          (1)
immediately before and immediately after giving effect to any such purchase or
other acquisition, no Default shall have occurred and be continuing and (2)
immediately after giving effect to such purchase or other acquisition, the
Parent and its Subsidiaries shall be in pro forma compliance with all of the
covenants set forth in Section 5.04,
such compliance to be determined on the basis of the financial information most
recently delivered to the Administrative Agent pursuant to Section 5.03 as
though such purchase or other acquisition had been consummated as of the first
day of the fiscal period covered thereby; and

       

      (E)           the
Borrower shall have delivered to the Administrative Agent, on behalf of the
Second Lien Lenders, at least five Business Days prior to the date on which any
such purchase or other acquisition is to be consummated, a certificate of a
Responsible Officer, in form and substance reasonably satisfactory to the
Administrative Agent, certifying that all of the requirements set forth in this
clause (vii) have been satisfied or will be satisfied on or prior to the
consummation of such purchase or other acquisition;

       

      (viii)        Investments
consummated on the Effective Date in connection with the
Transaction;

       

      (ix)          Investments
received in connection with the bankruptcy or reorganization of, or settlement
of delinquent accounts and disputes with, customers and suppliers, in each case
in the ordinary course of business;

       

      (x)           Investments
constituting (A) accounts or notes receivable arising, (B) trade debt granted,
(C) deposits made in connection with the purchase price of goods or services,
(D) endorsement of negotiable instruments held for collection or (E) lease,
utility and other similar deposits, in each case in the ordinary course of
business;

       

      (xi)           loans
and advances to the Parent (and by the Parent to its direct or indirect parent)
in lieu of any payment permitted to be made pursuant to Section 5.02(g);

       

      (xii)         Investments
consisting of promissory notes issued to any Loan Party by future, present or
former directors, officers, members of management, employees, or consultants of
the Parent or any of its Subsidiaries or their respective estates, heirs, family
members, spouses or former spouses to finance the purchase or redemption of
Equity Interests of the Parent or any of its direct or indirect parent
companies;

      
        
           

        

        
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      (xiii)        Investments
received in connection with an Disposition made in compliance with Section 5.02(e),
including any deferred portion of the sales price received by the Borrower or
any Subsidiary in connection with any Disposition permitted under Section 5.02(e);

       

      (xiv)        Debt,
Liens, Guarantee Obligations, restricted payments, fundamental changes,
Dispositions and Capital Expenditures otherwise permitted by Sections 5.02(a),
(b), (c), (d), (e), (g) and (n),
respectively; provided
however that no Investments may be made solely pursuant to this Section 5.02(f)(xiv);

       

      (xv)         Investments
to the extent the consideration paid therefor consists solely of Equity
Interests of the Parent (or its direct or indirect parent) or to the extent made
with the proceeds of the sale of Equity Interests of the Parent (or its direct
or indirect parent) or contributions to the Parent;

       

      (xvi)        purchase
price adjustments, earnouts and similar obligations (“Earn-Out
Obligations”) which (A) are incurred in connection with Permitted
Acquisitions, (B) are in amount which, taken together with all existing Earn-Out
Obligations permitted pursuant to this clause 5.02(g)(xvi) and
determined on the date of any such Permitted Acquisition, does not exceed 20% of
EBITDA at the time incurred for the most recently ended Measurement Period and
(C) will not result in an increase in the Total Leverage Ratio as determined on
a pro forma basis (such obligations, “Permitted
Earn-Out Obligations”); and

       

      (xvii)       Investments
by the Borrower and its Subsidiaries not otherwise permitted under this Section 5.02(f)
in an aggregate amount not to exceed $1,500,000.

       

      (g)           Restricted
Payments.  Declare or pay any dividends, purchase, redeem,
retire, defease or otherwise acquire for value any of its Equity Interests now
or hereafter outstanding, return any capital to its stockholders, partners or
members (or the equivalent Persons thereof) as such, make any distribution of
assets, Equity Interests, obligations or securities to its stockholders,
partners or members (or the equivalent Persons thereof) as such or, other than
in the case of the Parent, issue or sell any Equity Interests, or permit any of
its Subsidiaries to do any of the foregoing, or permit any of its Subsidiaries
to purchase, redeem, retire, defease or otherwise acquire for value any Equity
Interests in the Borrower or to issue or sell any Equity Interests therein,
except that:

       

      (i)           (A) the
Parent and its Subsidiaries may declare and pay dividends and distributions
payable only in Equity Interests of the Parent, the Company or the Borrower, as
the case may be, and (B) except to the extent the Net Cash Proceeds thereof
are required to be applied to the prepayment of the Advances pursuant to Section 2.06(b),
the Parent may purchase, redeem, retire, defease or otherwise acquire shares of
its capital stock with the proceeds received contemporaneously from the issue of
new shares of its capital stock with equal or inferior voting powers,
designations, preferences and rights;

      
        
           

        

        
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      (ii)           (A)
payments by the Borrower to or on behalf of the Parent (and by the Parent to its
direct or indirect parent) in an amount sufficient to pay franchise taxes and
other fees required to maintain the legal existence of the Parent (and its
direct or indirect parent), (B) payments by the Borrower to or on behalf of the
Parent (and by the Parent to or on behalf of its direct or indirect parent) in
an amount sufficient to pay operating expenses (including out-of-pocket legal,
accounting and filing costs and other expenses) in the nature of overhead in the
ordinary course of business of the Parent (and its direct or indirect parent),
(C) customary indemnification claims made by directors, officers, members of
management, employees or consultants of the Parent (or such direct or indirect
parent) attributable to the ownership or operations of the Borrower and its
Subsidiaries, (D) the funding of any Investment permitted to be made pursuant to
Section 5.02(f);
provided that (1) such
payment shall be made substantially concurrently with the closing of such
Investment and (2) the Parent shall, immediately following the closing thereof,
cause (x) all property acquired (whether assets or Equity Interests) to be
contributed to the Borrower or any Subsidiary or (y) the merger (to the extent
permitted in Section 5.02(d))
of the Person formed or acquired into the Borrower or any Subsidiary in order to
consummate such Investment, (E) fees and expenses related to any unsuccessful
equity or debt offering permitted by this Agreement and (F) cash payments in
lieu of issued fractional shares in connection with the exercise of warrants,
options or other securities convertible into or exchangeable for Equity
Interests of the Parent (or such direct or indirect parent) or its
Subsidiaries;

       

      (iii)          any
Subsidiary of the Borrower may (A) declare and pay cash dividends to the
Borrower, (B) declare and pay cash dividends to any other Loan Party of which it
is a Subsidiary and (C) accept capital contributions from its
parent;

       

      (iv)         so
long as no Event of Default shall have occurred and be continuing at the time of
any action described in this clause (iv) or would result therefrom, payments to
the Parent (and by the Parent to its direct or indirect parent) to permit the
Parent (or such direct or indirect parent) to repurchase or redeem Qualified
Equity Interests of the Parent (or such parent) held by directors, officers,
members of management, employees or consultants of the Parent or any of its
Subsidiaries or former directors, officers, employees, members of management, or
consultants (or their transferees, estates or beneficiaries under their estates)
of the Parent or any Subsidiary, upon their death, disability, retirement,
severance or termination of employment or service; provided that the aggregate
cash consideration paid for all such redemptions and payments shall not exceed,
in any Fiscal Year, the sum of $1,250,000 plus the net cash proceeds of
any “key-man” life insurance policies of the Parent and its
Subsidiaries;

       

      (v)           the
Parent and its Subsidiaries may make a cashless repurchase of Equity Interests
which is deemed to occur upon the exercise of options, rights or warrants to the
extent such Equity Interests represent a portion of the exercise price of those
options, rights or warrants;

       

      (vi)         from
and after the consummation of a Qualified Public Offering, the Borrower may make
the restricted payments permitted to be made by the Parent (or its direct or
indirect parent) under this Agreement;

       

      (vii)        Parent
and its Subsidiaries may make payments as permitted by Section 5.01(i)(xiv);
and

       

      (viii)       the
Borrower may make payments (and the Parent may make payments) in an aggregate
amount not exceeding at any time the aggregate amount of the proceeds of
Excluded Issuances.

      
        
           

        

        
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      (h)           Amendments of Constitutive
Documents.  Amend, or permit any of its Subsidiaries to amend,
its certificate of incorporation or bylaws or other constitutive documents other
than amendments that could not be reasonably expected to have a Material Adverse
Effect.

       

      (i)           Accounting
Changes.  Make or permit, or permit any of its Subsidiaries to
make or permit, any change in (i) accounting policies or reporting
practices, except as required or permitted by GAAP, or (ii) Fiscal
Year.

       

      (j)           Prepayments, Etc., of
Subordinated Debt.  Prepay, redeem, purchase, defease or
otherwise satisfy prior to the scheduled maturity thereof in any manner, or make
any payment in violation of any subordination terms of, any Subordinated Debt,
except (i) regularly scheduled interest or principal payments as and when
due, (ii) all prepayments, redemptions, purchases, defeasances or satisfactions
of Debt required or necessary on the Effective Date to consummate the
Transaction, and (iii) any Permitted Refinancing thereof, or permit any of its
Subsidiaries to do any of the foregoing.

       

      (k)           [Intentionally
Omitted.]

       

      (l)           Negative
Pledge.  Enter into or suffer to exist, or permit any of its
Subsidiaries to enter into or suffer to exist, any agreement prohibiting or
conditioning the creation or assumption of any Lien upon any of its property or
assets except (i) in favor of the Secured Parties or (ii) in
connection with (A) any Surviving Debt, (B) any purchase money Debt
permitted by Section 5.02(b)(iii)
solely to the extent that the agreement or instrument governing such Debt
prohibits a Lien on the property acquired with the proceeds of such Debt, (C)
any Capitalized Lease permitted by Section 5.02(b)(iv)
solely to the extent that such Capitalized Lease prohibits a Lien on the
property subject thereto, (D) any Debt outstanding on the date any Subsidiary of
such Loan Party becomes such a Subsidiary (so long as such agreement was not
entered into solely in contemplation of such Subsidiary becoming a Subsidiary of
such Loan Party), (E) any agreement where such the prohibition of the creation
of the Lien is rendered ineffective by the Uniform Commercial Code, (F) the
First Lien Loan Documents (subject to the terms of the Intercreditor Agreement),
(G) customary restrictions in connection with Debt permitted under Section 5.02(b),
(H) any agreement of a Subsidiary that is not a Loan Party governing the Debt
permitted by Section 5.02(b),
(I) applicable law, (J) customary provisions restricting subletting or
assignment of any lease governing a leasehold interest of the Borrower or a
Subsidiary, (K) customary provisions restricting assignment of any agreement
entered into by the Borrower or a Subsidiary in the ordinary course of business,
(L) any holder of a Lien permitted by Section 5.02(a)
restricting the transfer of the property subject thereto, (M) customary
restrictions and conditions contained in any agreement relating to the sale of
any property permitted under Section 5.02(e)
pending the consummation of such sale or in leases, subleases, licenses or
sub-licenses relating to the assets covered thereby, (N) customary provisions in
partnership agreements, limited liability company organizational governance
documents, asset sale and stock sale agreements and other similar agreements
entered into in the ordinary course of business that restrict the transfer of
ownership interests in such partnership, limited liability company or similar
Person, (O) restrictions on cash or other deposits or net worth imposed by
suppliers or landlords under contracts entered into in the ordinary course of
business, (P) any instrument governing Debt assumed in connection with any
Permitted Acquisition, which encumbrance or restriction is not applicable to any
Person, or the properties or assets of any Person, other than the Person or the
properties or assets of the Person so acquired, (Q) customary provisions in
joint venture agreements and similar agreements applicable to joint ventures
relating solely to such joint venture, or (R) any encumbrances or restrictions
imposed by any amendments or refinancings that are otherwise permitted by the
Loan Documents of the contracts, instruments or obligations referred to above;
provided that such
amendments or refinancings are no more materially restrictive with respect to
such encumbrances and restrictions than those prior to such amendment or
refinancing.

      
        
           

        

        
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      (m)          Speculative
Transactions.  Engage, or permit any of its Subsidiaries to
engage, in any transaction involving commodity options or futures contracts or
any similar speculative transactions.

       

      (n)          Capital
Expenditures.  Make, or permit any of its Subsidiaries to make,
any Capital Expenditures that would cause the aggregate of all such Capital
Expenditures made by the Parent and its Subsidiaries, as determined on a
Consolidated basis, in any Fiscal Year to exceed $5,000,000 (or, when EBITDA is
greater than $40,000,000 for a Measurement Period and the maximum amount of
Capital Expenditures permitted for such Fiscal Year is less than $10,000,000,
$10,000,000 thereafter); provided, however, that if,
for any Fiscal Year, the aggregate amount of Capital Expenditures made by the
Parent and its Subsidiaries, as determined on a Consolidated basis during such
Fiscal Year is less than the maximum amount permitted to be made in any Fiscal
Year (the amount of such excess being the “Excess
Amount”), the Parent and its Subsidiaries shall be entitled to make
additional Capital Expenditures in the immediately succeeding Fiscal Year in an
amount equal to 100% of such
Excess Amount, (ii) to the extent that the aggregate amount of such
Capital Expenditures to be
made in any Fiscal Year is greater than the maximum amount permitted to be made
for such Fiscal Year, up to 100% of the amount available in the next
succeeding Fiscal Year (each such amount being a “Pull-Back
Amount”) may be pulled back to the immediately preceding
Fiscal Year and used to make Capital Expenditures in such immediately preceding
Fiscal Year it being understood and agreed that such amount for such next
succeeding Fiscal Year set forth above shall be reduced by the amount of such Pull-Back Amount and (iii) after a Permitted
Acquisition, the foregoing limitations shall be increased by an amount equal to
125% of the average Capital Expenditures of the acquired Person for the three
consecutive twelve-month periods most recently ended prior to the closing of the
Permitted Acquisition.

       

      For
purposes of this Section 5.02(n),
it is understood and agreed that the following shall not constitute Capital
Expenditures:  (i) Permitted Acquisitions, (ii) the reinvestment of
any Net Cash Proceeds, (iii) expenditures of insurance settlements, condemnation
awards or other settlements in respect of lost, destroyed, damaged or condemned
assets or other property and (iv) expenditures for Capital Expenditures
accounted for as Capital Expenditures of the Parent or any of its Subsidiaries
which are paid for or reimbursed by a third party which is neither a Loan Party
or a Subsidiary of the Borrower.

       

      (o)          Payment Restrictions
Affecting Subsidiaries.  Directly or indirectly, enter into or
suffer to exist, or permit any of its Subsidiaries to enter into or suffer to
exist, any agreement or arrangement limiting the ability of any Subsidiaries of
the Borrower to declare or pay dividends or other distributions in respect of
its Equity Interests or repay or prepay any Debt owed to, make loans or advances
to, or otherwise transfer assets to or invest in, the Borrower or any Subsidiary
of the Borrower, except (i) the Loan Documents, (ii) the First Lien Credit
Agreement and all related documents, instruments and agreements, (iii) any
agreement or instrument evidencing Surviving Debt, (iv) any agreement in effect
at the time such Subsidiary becomes a Subsidiary of such Loan Party, so long as
such agreement was not entered into solely in contemplation of such Person
becoming a Subsidiary of such Loan Party, (v) customary restrictions and
conditions contained in agreements relating to the sale of a Subsidiary pending
such sale, provided such restrictions and conditions apply only to the
Subsidiary that is to be sold and such sale is permitted hereunder, (vi)
restrictions and conditions imposed by law, (vi) agreements governing
Capitalized Leases and purchase money Debt and (vii) by reason of customary
provisions restricting assignments, subletting or other transfers contained in
joint venture agreements, leases, subleases, licenses, sublicenses and similar
agreements entered into in the ordinary course of business.

      
        
           

        

        
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      (p)          The Parent as a Holding
Company.  In the case of the Parent, enter into or conduct any
business, or engage in any activity other than (i) the holding of the Equity
Interests in the Borrower and its Subsidiaries; (ii) the making of equity
Investments in the Borrower and its Subsidiaries; (iii) the maintenance of any
deposit accounts required in connection with the conduct of business or
activities otherwise permitted under the Loan Documents; (iv) the
execution, delivery and performance of the Transaction Documents and all related
documents, instruments and agreements to which it is a party; (v) Guarantee
Obligations permitted under this Agreement; (vi) obligations under the First
Lien Loan Documents, if any; (vii) issuing and selling its Equity Interests or
options or warrants in respect thereof; (viii) the maintenance of its existence
and legal, tax and accounting matters in connection with any activity otherwise
permitted hereunder; (ix) entering into any transaction otherwise permitted by
this Agreement; (x) ownership of assets pursuant to a Permitted Acquisition;
provided that such
assets are promptly contributed to one or more Subsidiaries); and (xi)
activities incidental to each of the foregoing.

       

      SECTION
5.03.  Reporting
Requirements.  Until the Termination Date, the Loan Parties
will furnish to the Administrative Agent (for further distribution to the Second
Lien Lenders):

       

      (a)          Default
Notice.  As soon as possible and in any event within three
Business Days after any Responsible Officer of the Borrower obtaining knowledge
of the occurrence of each Default or any event, development or occurrence that
could be reasonably likely to have a Material Adverse Effect continuing on the
date of such statement, a statement of a Responsible Officer of the Borrower
setting forth details of such Default and the action that the Borrower has taken
and proposes to take with respect thereto.

       

      (b)          Annual
Financials.  As soon as available and in any event by the later
to occur of (x) the delivery of the same under the First Lien Credit
Agreement in accordance with the terms hereof, as amended, and (y) within
120 days after the end of each Fiscal Year (as such date may be extended by the
Administrative Agent in its sole discretion), a copy of the annual audit report
for such year for the Parent and its Subsidiaries, including therein a
Consolidated balance sheet of the Parent and its Subsidiaries as of the end of
such Fiscal Year and a Consolidated statement of income and a Consolidated
statement of cash flows of the Parent and its Subsidiaries for such Fiscal Year,
in each case accompanied by an opinion as to such audit report of independent public
accountants of recognized standing, without a going concern or like
qualification, together with a (i) schedule in form reasonably satisfactory to
the Administrative Agent of the computations used by the Parent in determining,
as of the end of such Fiscal Year, compliance with the covenants contained in
Section 5.04 and
(ii) a certificate of a Responsible Officer of the Parent stating that no
Default has occurred and is continuing or, if a Default has occurred and is
continuing, a statement as to the nature thereof and the action that the Parent
has taken and proposes to take with respect thereto.

       

      (c)           Quarterly
Financials.  As soon as available and in any event by the later
to occur of (x) the delivery of the same under the First Lien Credit Agreement
in accordance with the terms thereof, as amended, and (y) within 60 days
(as such date may be extended by the Administrative Agent in its sole
discretion) after the end of each of the first three fiscal quarters of each
Fiscal Year, a Consolidated balance sheet of the Parent and its
Subsidiaries as of the end of such quarter and a Consolidated statement of
income and a Consolidated statement of cash flows of the Parent and its
Subsidiaries for the period commencing at the end of the previous fiscal quarter
and ending with the end of such fiscal quarter and a Consolidated statement of
income and a Consolidated statement of cash flows of the Parent and its
Subsidiaries for the period commencing at the end of the previous Fiscal Year
and ending with the end of such quarter, setting forth in each case in
comparative form the corresponding figures for the corresponding date or period
of the preceding Fiscal Year, all in reasonable detail and duly certified
(subject to the exclusion of footnotes and year-end audit adjustments) by a
Responsible Officer of the Parent as having been prepared in accordance with
GAAP, together with (i) a certificate of a Responsible Officer stating that
no Default has occurred and is continuing or, if a Default has occurred and is
continuing, a statement as to the nature thereof and the action that the Parent
has taken and proposes to take with respect thereto and (ii) a schedule in
form reasonably satisfactory to the Administrative Agent of the computations
used by the Parent in determining compliance with the covenants contained in
Section 5.04.

      
        
           

        

        
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      (d)          Annual
Forecasts.  As soon as available and in any event by the later
to occur of (x) the delivery of the same under the First Lien Credit Agreement
in accordance with the terms thereof, as amended, and (y) 30 days
after the end of each Fiscal Year (as such date may be extended by the
Administrative Agent in its sole discretion), financial forecasts prepared in
good faith by management of the Parent, in form reasonably satisfactory to the
Administrative Agent, of balance sheets, income statements and cash flow
statements on a monthly basis for the succeeding Fiscal Year.

       

      (e)           Litigation.  Promptly
after the commencement thereof, notice of all actions, suits, investigations,
litigation and proceedings before any Governmental Authority affecting any Loan
Party or any of its Subsidiaries of the type described in Section 4.01(f).

       

      (f)           Securities
Reports.  Promptly after the sending or filing thereof, copies
of all proxy statements, financial statements and reports that any Loan Party
sends to its stockholders generally, and copies of all regular, periodic and
special reports, and all registration statements (other than on S-8 or a similar
form), that any Loan Party files with the Securities and Exchange Commission or
any Governmental Authority that may be substituted therefor, or with any
national securities exchange.

       

      (g)          Agreement
Notices.  Promptly upon receipt thereof, copies of all material
notices, requests and other documents received by any Loan Party under or
pursuant to the First Lien Credit Agreement.

       

      (h)          ERISA.  (i) ERISA Events and ERISA
Reports.  (A) Promptly and in any event within 10 Business
Days after any Loan Party or any ERISA Affiliate knows or has a reason to know
that any ERISA Event that could reasonably be expected to have a Material
Adverse Effect has occurred, a statement of a Responsible Officer of the
Borrower describing such ERISA Event and the action, if any, that such Loan
Party or such ERISA Affiliate has taken and proposes to take with respect
thereto and (B) on the date any records, documents or other information
must be furnished to the PBGC with respect to any Plan pursuant to
Section 4010 of ERISA, a copy of such records, documents and
information.

       

      (ii)           Plan
Terminations.  Promptly after receipt thereof by any Loan Party
or any ERISA Affiliate, copies of each notice from the PBGC stating its
intention to terminate any Plan or to have a trustee appointed to administer any
Plan.

       

      (iii)          Multiemployer Plan
Notices.  Promptly after receipt thereof by any Loan Party or
any ERISA Affiliate from the sponsor of a Multiemployer Plan, copies of each
notice concerning (A) the imposition of Withdrawal Liability by any such
Multiemployer Plan, (B) the reorganization or termination, within the
meaning of Title IV of ERISA, of any such Multiemployer Plan or
(C) the amount of liability incurred, or that may be incurred, by such Loan
Party or any ERISA Affiliate in connection with any event described in
clause (A) or (B).

       

      (i)           Environmental
Conditions.  Promptly after the assertion or occurrence
thereof, notice of any Environmental Action against or of any noncompliance by
any Loan Party or any of its Subsidiaries with any Environmental Law or
Environmental Permit that could (i) reasonably be expected to have a
Material Adverse Effect or (ii) cause any property described in the
Mortgages to be subject to any material restrictions on ownership, occupancy,
use or transferability under any Environmental Law.

       

      (j)           Insurance.  As
soon as available and in any event within 30 days after the end of each Fiscal
Year in which there has been a material and negative change in the amount or
scope of the insurance coverage in effect for the Loan Parties, a report
summarizing the insurance coverage (specifying type, amount and carrier) in
effect for each Loan Party and its Subsidiaries.

      
        
           

        

        
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      (k)           Other
Information.  Such other information respecting the business,
condition (financial or otherwise), operations, performance or properties of any
Loan Party as any Agent, or any Second Lien Lender through the Administrative
Agent, may from time to time reasonably request.

       

      Information
required to be delivered pursuant to this Section 5.03
shall be deemed to have been delivered if such information, or one or more
annual or quarterly reports containing such information, shall have been posted
by the Administrative Agent on a SyndTrak, IntraLinks or similar site to which
the Second Lien Lenders have been granted access or shall be available on the
website of the Securities and Exchange Commission at http:www.sec.gov or
on the website of the Borrower.  Information required to be delivered
pursuant to this Section may also be delivered by electronic communications
pursuant to procedures approved by the Administrative Agent.  Each
Second Lien Lender shall be solely responsible for timely accessing posted
documents and maintaining its copies of such documents.

       

      SECTION
5.04.  Financial
Covenants.  Until the occurrence of the Termination Date, the
Borrower will:

       

      (a)           Total Leverage
Ratio.  Maintain as of the last day of each Measurement Period
set forth below a Total Leverage Ratio of not more than the ratio set forth
below for such Measurement Period:

       

      
        
          
            
              
                
                  
                    
                      	
                              Measurement Period Ended

                            	 	
                              Ratio 

                            
	
                              December 31,
      2007 through and including June 30, 2008

                            	 	
                              5.50:1.00

                            
	
                              September 30,
      2008 through and including December 31, 2008

                            	 	
                              5.10:1.00

                            
	
                              March 31,
      2009 through and including December 31, 2009

                            	 	
                              4.00:1.00

                            
	
                              March 31,
      2010 and thereafter

                            	 	
                              3.50:1.00

                            

                    

                  

                

              

            

          

        

      

      

       

      (b)          Fixed Charge Coverage
Ratio.  Maintain as of the last day of each Measurement Period
set forth below a Fixed Charge Coverage Ratio of not less than the ratio set
forth below for such Measurement Period:

       

      
        
          
            
              
                
                  
                    	
                            Measurement Period Ended

                          	 	
                            Ratio

                          
	
                            December 31,
      2007 through and including September 30, 2008

                          	 	
                            1.25:1.00

                          
	
                            December 31,
      2008 through and including December 31, 2009

                          	 	
                            1.50:1.00

                          
	
                            March 31,
      2010 and thereafter

                          	 	
                            1.75:1.00

                          

                  

                

              

            

          

        

      

       

      
        
           

        

        
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      (c)           Interest Coverage
Ratio.  Maintain as of the last day of each Measurement Period
set forth below an Interest Coverage Ratio of not less than the ratio set forth
below for such Measurement Period:

       

      
        
          
            
              
                
                  
                    
                      	
                              Measurement Period Ended

                            	 	
                              Ratio

                            
	
                              December 31,
      2007 through and including June 30, 2008

                            	 	
                              1.50:1.00

                            
	
                              September 30,
      2008 through and including December 31, 2008

                            	 	
                              1.60:1.00

                            
	
                              March 31,
      2009 through and including December 31, 2009

                            	 	
                              2.00:1.00

                            
	
                              March 31,
      2010 through and including December 31, 2010

                            	 	
                              2.50:1.00

                            
	
                              March 31,
      2011 and thereafter

                            	 	
                              3.00:1.00

                            

                    

                  

                

              

            

          

        

      

       

      ARTICLE
VI

       

      EVENTS
OF DEFAULT

       

      SECTION
6.01.  Events of
Default.  If any of the following events (“Events of
Default”) shall occur and be continuing:

       

      (a)           (i) the
Borrower shall fail to pay any principal of any Advance when the same shall
become due and payable, (ii) the Borrower shall fail to pay any interest on any
Advance, within three Business Days after the
same shall become due and payable or (iii) the Borrower shall fail to pay any
fee or any other payment under any Loan Document within five Business Days after
the same shall become due and payable; or

       

      (b)          any
representation or warranty made by any Loan Party (or any of its officers) under
or in connection with any Loan Document or in any document delivered in
connection therewith to the Administrative Agent or any of the Second Lien
Lenders shall prove to have been incorrect in any material respect when made;
or

       

      (c)           the
Borrower shall fail to perform or observe any term, covenant or agreement
contained in Section 2.15,
5.01(e), (f), (i), 5.02 or 5.04; or

       

      (d)          any
Loan Party shall fail to perform or observe any other term, covenant or
agreement contained in any Loan Document (which is not specified in Section 6.01(c))
on its part to be performed or observed if such failure shall remain unremedied
for 30 days after the date on which written notice thereof shall have been given
to the Borrower by the Administrative Agent; or

      
        
           

        

        
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      (e)           any
Loan Party or any of its Subsidiaries shall fail to pay any principal of,
premium or interest on or any other amount payable in respect of any Debt of
such Loan Party or such Subsidiary (as the case may be) that is outstanding in a
principal amount (or, in the case of any Hedge Agreement, an Agreement Value) of
at least $4,375,000 either individually or in the aggregate for all such Loan
Parties and Subsidiaries (but excluding Debt outstanding hereunder(such
threshold amount being “Material
Debt”)), when the same becomes due and payable (whether by scheduled
maturity, required prepayment, acceleration, demand or otherwise), and such
failure shall continue after the applicable grace period, if any, specified in
the agreement or instrument relating to such Material Debt; or any other event
shall occur or condition shall exist under any agreement or instrument relating
to any such Material Debt and shall continue after the applicable grace period,
if any, specified in such agreement or instrument, if the effect of such event
or condition is to accelerate, or to permit the acceleration of, the maturity of
such Material Debt or otherwise to cause, or to permit the holder thereof to
cause, such Material Debt to mature; or any such Material Debt shall be declared
to be due and payable or required to be prepaid or redeemed (other than by a
regularly scheduled required prepayment or redemption), purchased or defeased,
or an offer to prepay, redeem, purchase or defease such Material Debt shall be
required to be made, in each case prior to the stated maturity thereof; provided that this
paragraph (e) shall not apply to secured Debt that becomes due as a result of
the voluntary sale or transfer of the property or assets securing such Debt if
such sale or transfer is permitted hereunder and under the documents providing
for such Debt; provided further
that with respect to any
failure to pay or any other event under the First Lien Credit Agreement, such
event shall only constitute an Event of Default hereunder if there is an “Event
of Default” pursuant to Section 8.01(a) of the First Lien Credit Agreement
or if the First Lien Credit Facilities shall have been accelerated;
or

       

      (f)           (i)
any Loan Party or any of its Subsidiaries shall generally not pay its debts in
excess of the threshold amount that constitutes Material Debt as such debts
become due, or shall admit in writing its inability to pay its debts generally
as they become due, or shall make a general assignment for the benefit of
creditors; or (ii) any proceeding shall be instituted by or against any Loan
Party or any of its Subsidiaries seeking to adjudicate it a bankrupt or
insolvent, or seeking liquidation, winding up, reorganization, arrangement,
adjustment, protection, relief, or composition of it or its debts under any law
relating to bankruptcy, insolvency or reorganization or relief of debtors, or
seeking the entry of an order for relief or the appointment of a receiver,
trustee or other similar official for it or for any substantial part of its
property and, in the case of any such proceeding instituted against it (but not
instituted by it) that is being diligently contested by it in good faith, either
such proceeding shall remain undismissed or unstayed for a period of 60 days or
any of the actions sought in such proceeding (including, without limitation, the
entry of an order for relief against, or the appointment of a receiver, trustee,
custodian or other similar official for, it or any substantial part of its
property) shall occur; or (iii) the board of directors (or any equivalent
governing body) of any Loan Party or any of its Subsidiaries shall adopt
resolutions authorizing the filing of any proceeding referred to in clause (ii)
in this subsection (f); or

       

      (g)          any
final judgments or orders, either individually or in the aggregate, for the
payment of money in excess of $4,375,000 (to the extent not covered by
third-party insurance by a third party insurer as to which the insurer has not
denied coverage) shall be rendered against any Loan Party or any of its
Subsidiaries and either (i) enforcement proceedings shall have been
commenced by any creditor upon such judgment or order or (ii) there shall
be any period of 60 consecutive days during which a stay of enforcement of such
judgment or order, by reason of a pending appeal or otherwise, shall not be in
effect; or

       

      (h)          any
material provision of any Loan Document after delivery thereof pursuant to Section 3.01 or
5.01(j) shall
for any reason (other than pursuant to the terms thereof) cease to be valid and
binding on or enforceable against any Loan Party party to it, or any such Loan
Party shall so state in writing (other than as a result of the discharge of such
Loan Party in accordance with the terms of the Loan Documents);
or

      
        
           

        

        
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      (i)           other
than with respect to de minimis items of Collateral not exceeding $312,500 in
the aggregate, any Collateral Document or financing statement after delivery
thereof pursuant to Section 3.01 or
5.01(j) shall
for any reason (other than pursuant to the terms thereof) cease to create a
valid and perfected first priority lien on and security interest in the
Collateral purported to be covered thereby, except (i) to the extent otherwise
permitted by the Loan Documents, (ii) to the extent that any such lack of
validity, perfection or priority results from any act of any Agent and (iii) as
to Collateral consisting of real property, to the extent that such lack of
validity, perfection or priority are covered by a lender’s title insurance
policy and such insurer has not denied coverage; or

       

      (j)           a
Change of Control shall occur;

       

      then, and
in any such event, the Administrative Agent (i) shall at the request, or
may with the consent, of the Required Lenders, by written notice to the
Borrower, declare the Commitments of each Second Lien Lender and the obligation
of each Second Lien Lender to make Advances to be terminated, whereupon the same
shall forthwith terminate, and (ii) shall, at the request, or may with the
consent, of the Required Lenders, by written notice to the Borrower, declare the
Advances, all interest thereon and all other amounts payable under this
Agreement and the other Loan Documents to be forthwith due and payable,
whereupon the Advances, all such interest and all such amounts shall become and
be forthwith due and payable, without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Borrower;
provided, however, that
in the event of an actual or deemed entry of an order for relief with respect to
the Borrower under the Federal Bankruptcy Code, (x) the Commitments of each
Second Lien Lender and the obligation of each Second Lien Lender to make
Advances shall automatically be terminated and (y) the Advances, all such
interest and all such amounts shall automatically become and be due and payable,
without presentment, demand, protest or any notice of any kind, all of which are
hereby expressly waived by the Borrower.

       

      ARTICLE
VII

       

      THE
AGENTS

       

      SECTION
7.01.  Authorization and
Action.  (a) Each Second Lien Lender (in its capacity as a
Second Lien Lender) hereby appoints and authorizes each Agent to take such
action as agent on its behalf and to exercise such powers and discretion under
this Agreement and the other Loan Documents as are delegated to such Agent by
the terms hereof and thereof, together with such powers and discretion as are
reasonably incidental thereto.  As to any matters not expressly
provided for by the Loan Documents (including, without limitation, enforcement
or collection of the Advances), no Agent shall be required to exercise any
discretion or take any action, but shall be required to act or to refrain from
acting (and shall be fully protected in so acting or refraining from acting)
upon the instructions of the Required Lenders, and such instructions shall be
binding upon all Second Lien Lenders and all holders of Notes; provided, however, that no
Agent shall be required to take any action that exposes such Agent to personal
liability or that is contrary to this Agreement or applicable
law.  Each Agent agrees to give to each Second Lien Lender prompt
notice of each notice given to it by the Borrower pursuant to the terms of this
Agreement.

       

      (b)          In
furtherance of the foregoing, each Second Lien Lender hereby appoints and
authorizes the Collateral Agent to act as the agent of such Second Lien Lender
for purposes of acquiring, holding and enforcing any and all Liens on Collateral
granted by any of the Loan Parties to secure any of the Secured Obligations,
together with such powers and discretion as are reasonably incidental
thereto.  In this connection, the Collateral Agent (and any
Supplemental Collateral Agents appointed by the Collateral Agent pursuant to
Section 7.01(c)
for purposes of holding or enforcing any Lien on the Collateral (or any portion
thereof) granted under the Collateral Documents, or for exercising any rights or
remedies thereunder at the direction of the Collateral Agent), shall be entitled
to the benefits of this Article VII
(including, without limitation, Section 7.05 as
though any such Supplemental Collateral Agents were an “Agent” under the Loan
Documents) as if set forth in full herein with respect thereto.

      
        
           

        

        
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      (c)          Any
Agent may execute any of its duties under this Agreement or any other Loan
Document (including for purposes of holding or enforcing any Lien on the
Collateral (or any portion thereof) granted under the Collateral Documents or of
exercising any rights and remedies thereunder at the direction of the Collateral
Agent) by or through agents, employees or attorneys-in-fact and shall be
entitled to advice of counsel and other consultants or experts concerning all
matters pertaining to such duties.  The Collateral Agent may also from
time to time, when the Collateral Agent deems it to be necessary or desirable,
appoint one or more trustees, co-trustees, collateral co-agents, collateral
subagents or attorneys-in-fact (each, a “Supplemental
Collateral Agent”) with respect to all or any part of the Collateral;
provided, however, that no such
Supplemental Collateral Agent shall be authorized to take any action with
respect to any Collateral unless and except to the extent expressly authorized
in writing by the Collateral Agent.  Should any instrument in writing
from the Borrower or any other Loan Party be required by any Supplemental
Collateral Agent so appointed by the Collateral Agent to more fully or certainly
vest in and confirm to such Supplemental Collateral Agent such rights, powers,
privileges and duties, the Borrower shall, or shall cause such Loan Party to,
execute, acknowledge and deliver any and all such instruments promptly upon
reasonable request by the Collateral Agent.  If any Supplemental
Collateral Agent, or successor thereto, shall die, become incapable of acting,
resign or be removed, all rights, powers, privileges and duties of such
Supplemental Collateral Agent, to the extent permitted by law, shall
automatically vest in and be exercised by the Collateral Agent until the
appointment of a new Supplemental Collateral Agent.  No Agent shall be
responsible for the negligence or misconduct of any agent, attorney-in-fact or
Supplemental Collateral Agent that it selects in accordance with the foregoing
provisions of this Section 7.01(c)
in the absence of such Agent’s gross negligence or willful
misconduct.

       

      SECTION
7.02.  Agents’ Reliance,
Etc.  Neither any Agent nor any of their respective directors,
officers, agents or employees shall be liable for any action taken or omitted to
be taken by it or them under or in connection with the Loan Documents, except
for its or their own gross negligence or willful misconduct.  Without
limitation of the generality of the foregoing, each
Agent:  (a) may consult with legal counsel (including counsel for
any Loan Party), independent public accountants and other experts selected by it
and shall not be liable for any action taken or omitted to be taken in good
faith by it in accordance with the advice of such counsel, accountants or
experts; (b) makes no warranty or representation to any Second Lien Lender
and shall not be responsible to any Second Lien Lender for any statements,
warranties or representations (whether written or oral) made in or in connection
with the Loan Documents; (c) shall not have any duty to ascertain or to
inquire as to the performance, observance or satisfaction of any of the terms,
covenants or conditions of any Loan Document on the part of any Loan Party or
the existence at any time of any Default under the Loan Documents or to inspect
the property (including the books and records) of any Loan Party; (d) shall
not be responsible to any Second Lien Lender for the due execution, legality,
validity, enforceability, genuineness, sufficiency or value of, or the
perfection or priority of any lien or security interest created or purported to
be created under or in connection with, any Loan Document or any other
instrument or document furnished pursuant thereto; and (e) shall incur no
liability under or in respect of any Loan Document by acting upon any notice,
consent, certificate or other instrument or writing (which may be by telegram or
telecopy) believed by it to be genuine and signed or sent by the proper party or
parties.

       

      SECTION
7.03.  Royal
Bank and Affiliates.  With respect to its Commitments, the
Advances made by it and any Notes issued to it, Royal Bank shall have the same
rights and powers under the Loan Documents as any other Second Lien Lender and
may exercise the same as though they were not Agents; and the term “Lender” or
“Lender” shall, unless otherwise expressly indicated, include Royal Bank in its
individual capacity.  Royal Bank and its affiliates may accept
deposits from, lend money to, act as trustee under indentures of, accept
investment banking engagements from and generally engage in any kind of business
with, any Loan Party, any of its Subsidiaries and any Person that may do
business with or own securities of any Loan Party or any such Subsidiary, all as
if Royal Bank were not an Agent and without any duty to account therefor to the
Second Lien Lenders.  No Agent shall have any duty to disclose any
information obtained or received by it or any of its Affiliates relating to any
Loan Party or any of its Subsidiaries to the extent such information was
obtained or received in any capacity other than as such Agent.

      
        
           

        

        
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      SECTION
7.04.  Second Lien Lender Credit
Decision.  Each Second Lien Lender acknowledges that it has,
independently and without reliance upon any Agent or any other Second Lien
Lender and based on the financial statements referred to in Section 4.01(g)
and such other documents and information as it has deemed appropriate, made its
own credit analysis and decision to enter into this Agreement.  Each
Second Lien Lender also acknowledges that it will, independently and without
reliance upon any Agent or any other Second Lien Lender and based on such
documents and information as it shall deem appropriate at the time, continue to
make its own credit decisions in taking or not taking action under this
Agreement.

       

      SECTION
7.05.  Indemnification.  (a)
Each Second Lien Lender severally agrees to indemnify each Agent (to the extent
not promptly reimbursed by the Borrower under Section 9.04)
from and against such Second Lien Lender’s ratable share (determined as provided
below) of any and all liabilities, obligations, losses, damages, penalties,
actions, judgments, suits, costs, expenses or disbursements of any kind or
nature whatsoever that may be imposed on, incurred by, or asserted against such
Agent in any way relating to or arising out of the Loan Documents or any action
taken or omitted by such Agent under the Loan Documents (collectively, the
“Indemnified
Costs”); provided,
however, that no Second Lien Lender shall be liable for any portion of
such liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, costs, expenses or disbursements resulting from such Agent’s gross
negligence or willful misconduct as found in a final, non-appealable judgment by
a court of competent jurisdiction.  Without limitation of the
foregoing, each Second Lien Lender agrees to reimburse each Agent promptly upon
demand for its ratable share of any costs and expenses (including, without
limitation, fees and expenses of counsel) payable by the Borrower under Section 9.04, to
the extent that such Agent is not promptly reimbursed for such costs and
expenses by the Borrower.  In the case of any investigation,
litigation or proceeding giving rise to any Indemnified Costs, this Section 7.05
applies whether any such investigation, litigation or proceeding is brought by
any Second Lien Lender or any other Person.

       

      (b)          For
purposes of this Section 7.05.
each Second Lien Lender’s respective ratable share of any amount shall be
determined, at any time according to the aggregate principal amount of the
Advances outstanding at such time and owing to such Second Lien
Lender.  The failure of any Second Lien Lender to reimburse any Agent,
promptly upon demand for its ratable share of any amount required to be paid by
the Second Lien Lenders to such Agent as provided herein shall not relieve any
other Second Lien Lender of its obligation hereunder to reimburse such Agent for
its ratable share of such amount, but no Second Lien Lender shall be responsible
for the failure of any other Second Lien Lender to reimburse such Agent for such
other Second Lien Lender’s ratable share of such amount.  Without
prejudice to the survival of any other agreement of any Second Lien lender
hereunder, the agreement and obligations of each Second Lien Lender contained in
this Section 7.05
shall survive the payment in full of principal, interest and all other amounts
payable hereunder and under the other Loan Documents.

       

      
        
           

        

        
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      SECTION
7.06.  Successor
Agents.  Subject to the appointment and acceptance of a
successor Agent as provided below, any Agent may resign as to any or all of the
Facility at any time by giving written notice thereof to the Second Lien Lenders
and the Borrower and may be removed at any time with or without cause by the
Required Lenders with the consent of the Borrower; provided, however, that any removal of
the Administrative Agent will not be effective until it has also been replaced
as Collateral Agent and released from all of its obligations in respect
thereof.  Upon any such resignation or removal, the Required Lenders
shall have the right, with the consent of the Borrower (such consent not to be
unreasonably withheld), to appoint a successor Agent (other than Disqualified
Institutions) as to such of the Facility as to which such Agent has resigned or
been removed.  If no successor Agent shall have been so appointed by
the Required Lenders, and shall have accepted such appointment, within 30 days
after the retiring Agent’s giving of notice of resignation or the Required
Lenders’ removal of the retiring Agent then the retiring Agent may, on behalf of
the Second Lien Lenders, appoint a successor Agent, which shall be a commercial
bank organized under the laws of the United States or of any State thereof and
having a combined capital and surplus of at least $250,000,000.  Upon
the acceptance of any appointment as Agent hereunder by a successor Agent and,
in the case of a successor Collateral Agent, upon the execution and filing or
recording of such financing statements, or amendments thereto, and such
amendments or supplements to the Mortgages, and such other instruments or
notices, as may be necessary or desirable, or as the Required Lenders may
request, in order to continue the perfection of the Liens granted or purported
to be granted by the Collateral Documents, such successor Agent shall succeed to
and become vested with all the rights, powers, discretion, privileges and duties
of the retiring Agent, and the retiring Agent shall be discharged from its
duties and obligations under the Loan Documents.  Upon the acceptance
of any appointment as Agent hereunder by a successor Agent and, in the case of a
successor Collateral Agent, upon the execution and filing or recording of such
financing statements, or amendments thereto, and such amendments or supplements
to the Mortgages, and such other instruments or notices, as may be necessary or
desirable, or as the Required Lenders may request, in order to continue the
perfection of the Liens granted or purported to be granted by the Collateral
Documents, such successor Agent shall succeed to and become vested with all the
rights, powers, discretion, privileges and duties of the retiring Agent, other
than with respect to funds transfers and other similar aspects of the
administration of Borrowings and payments by the Borrower, and the retiring
Administrative Agent shall be discharged from its duties and obligations under
this Agreement, other than as aforesaid.  If within 30 days after
written notice is given of the retiring Agent’s resignation or removal under
this Section 7.06 no
successor Agent shall have been appointed and shall have accepted such
appointment, then on such 30th day
(a) the retiring Agent’s resignation or removal shall become effective,
(b) the retiring Agent shall thereupon be discharged from its duties and
obligations under the Loan Documents and (c) the Required Lenders shall
thereafter perform all duties of the retiring Agent under the Loan Documents
until such time, if any, as the Required Lenders appoint a successor Agent as
provided above.  After any retiring Agent’s resignation or removal
hereunder as Agent as to any of the Facility shall have become effective, the
provisions of this Article VII
shall inure to its benefit as to any actions taken or omitted to be taken by it
while it was Agent under this Agreement.

       

      SECTION
7.07.  Other
Agents; Arrangers and Managers.  None of the Second Lien
Lenders or other Persons identified on the facing page or signature pages of
this Agreement as a “syndication agent,” “documentation agent,” “bookrunner,” or
“lead arranger” shall have any right, power, obligation, liability,
responsibility or duty under this Agreement other than to the extent expressly
set forth herein and, in the case of such Second Lien Lenders, those applicable
to all Second Lien Lenders as such.  Without limiting the foregoing,
none of the Second Lien Lenders or other Persons so identified shall have or be
deemed to have any fiduciary relationship with any Second Lien
Lender.  Each Second Lien Lender acknowledges that it has not relied,
and will not rely, on any of the Second Lien Lenders or other Persons so
identified in deciding to enter into this Agreement or in taking or not taking
action hereunder.

       

      SECTION
7.08.  Intercreditor
Agreement.  Each of the Second Lien Lenders hereby acknowledges
that it has received and reviewed the Intercreditor Agreement and agrees to be
bound by the terms thereof.  Each Second Lien Lender (and each Person
that becomes a Second Lien Lender hereunder pursuant to Section 9.07)
hereby (i) acknowledges that Royal Bank is acting under the Intercreditor
Agreement in multiple capacities as the Administrative Agent, the Collateral
Agent and the First Lien Collateral Agent under the Intercreditor Agreement and
(ii) waives any conflict of interest, now contemplated or arising hereafter, in
connection therewith and agrees not to assert against Royal Bank any claims,
causes of action, damages or liabilities of whatever kind or nature relating
thereto, except to the extent such damages or liabilities are determined in a
final non-appealable judgment by a court of competent jurisdiction to have
resulted primarily from Royal Bank’s gross negligence or willful
misconduct.  Each Second Lien Lender (and each Person that becomes a
Second Lien Lender hereunder pursuant to Section 9.07)
hereby authorizes and directs Royal Bank to enter into the Intercreditor
Agreement on behalf of such Second Lien Lender and agrees that Royal Bank, in
its various capacities thereunder, may take such actions on its behalf as is
contemplated by the terms of the Intercreditor Agreement.

      
        
           

        

        
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      ARTICLE
VIII

       

      GUARANTY

       

      SECTION
8.01.  Guaranty; Limitation of
Liability.  (a) Each Guarantor, jointly and severally, hereby
absolutely, unconditionally and irrevocably guarantees the punctual payment when
due, whether at scheduled maturity or on any date of a required prepayment or by
acceleration, demand or otherwise, of all Obligations of each other Loan Party
now or hereafter existing under or in respect of the Loan Documents (including,
without limitation, any extensions, modifications, substitutions, amendments or
renewals of any or all of the foregoing Obligations), whether direct or
indirect, absolute or contingent, and whether for principal, interest, premiums,
fees, indemnities, contract causes of action, costs, expenses or otherwise (such
Obligations being the “Guaranteed
Obligations”), and agrees to pay any and all expenses (including, without
limitation, fees and expenses of counsel) incurred by any Agent or any Second
Lien Lender in enforcing any rights under this Guaranty.  Without
limiting the generality of the foregoing, each Guarantor’s liability shall
extend to all amounts that constitute part of the Guaranteed Obligations and
would be owed by any other Loan Party to any Agent or any Second Lien Lender
under or in respect of the Loan Documents but for the fact that they are
unenforceable or not allowable due to the existence of a bankruptcy,
reorganization or similar proceeding involving such other Loan
Party.

       

      (b)          Each
Guarantor, and by its acceptance of this Guaranty, the Administrative Agent and
each Second Lien Lender, hereby confirms that it is the intention of all such
Persons that this Guaranty and the Obligations of each Subsidiary Guarantor
hereunder not constitute a fraudulent transfer or conveyance for purposes of
Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent
Transfer Act or any similar foreign, federal or state law to the extent
applicable to this Guaranty and the Obligations of each Subsidiary
Guarantor  hereunder.  To effectuate the foregoing
intention, the Administrative Agent, the Second Lien Lenders and the Guarantors
hereby irrevocably agree that the Obligations of each Subsidiary
Guarantor  under this Guaranty at any time shall be limited to the
maximum amount as will result in the Obligations of such Subsidiary Guarantor
under this Guaranty not constituting a fraudulent transfer or
conveyance.

       

      (c)          Each
Guarantor hereby unconditionally and irrevocably agrees that in the event any
payment shall be required to be made to any Second Lien Lender under this
Guaranty or any other guaranty, such Guarantor will contribute, to the maximum
extent permitted by law, such amounts to each other Guarantor and each other
guarantor so as to maximize the aggregate amount paid to the Agents and the
Second Lien Lenders under or in respect of the Loan Documents.

       

      SECTION
8.02.  Guaranty
Absolute.  Each Guarantor guarantees that the Guaranteed
Obligations will be paid strictly in accordance with the terms of the Loan
Documents, regardless of any law, regulation or order now or hereafter in effect
in any jurisdiction affecting any of such terms or the rights of any Agent or
any Second Lien Lender with respect thereto.  The Obligations of each
Guarantor under or in respect of this Guaranty are independent of the Guaranteed
Obligations or any other Obligations of any other Loan Party under or in respect
of the Loan Documents, and a separate action or actions may be brought and
prosecuted against each Guarantor to enforce this Guaranty, irrespective of
whether any action is brought against the Borrower or any other Loan Party or
whether the Borrower or any other Loan Party is joined in any such action or
actions.  The liability of each Guarantor under this Guaranty shall be
irrevocable, absolute and unconditional irrespective of, and each Guarantor
hereby irrevocably waives, to the extent permitted by law, any defenses it may
now have or hereafter acquire in any way relating to, any or all of the
following:

       

      
        
           

        

        
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      (a)          any
lack of validity or enforceability of any Loan Document or any agreement or
instrument relating thereto;

       

      (b)          any
change in the time, manner or place of payment of, or in any other term of, all
or any of the Guaranteed Obligations or any other Obligations of any other Loan
Party under or in respect of the Loan Documents, or any other amendment or
waiver of or any consent to departure from any Loan Document, including, without
limitation, any increase in the Guaranteed Obligations resulting from the
extension of additional credit to any Loan Party or any of its Subsidiaries or
otherwise;

       

      (c)          any
taking, exchange, release or non-perfection of any Collateral or any other
collateral, or any taking, release or amendment or waiver of, or consent to
departure from, any other guaranty, for all or any of the Guaranteed
Obligations;

       

      (d)          any
manner of application of Collateral or any other collateral, or proceeds
thereof, to all or any of the Guaranteed Obligations, or any manner of sale or
other disposition of any Collateral or any other collateral for all or any of
the Guaranteed Obligations or any other Obligations of any Loan Party under the
Loan Documents or any other assets of any Loan Party or any of its
Subsidiaries;

       

      (e)           any
change, restructuring or termination of the corporate structure or existence of
any Loan Party or any of its Subsidiaries;

       

      (f)           any
failure of any Agent or any Second Lien Lender to disclose to any Loan Party any
information relating to the business, condition (financial or otherwise),
operations, performance, properties or prospects of any other Loan Party now or
hereafter known to such Agent or such Second Lien Lender, as the case may be
(each Guarantor waiving any duty on the part of the Agents and the Second Lien
Lenders to disclose such information);

       

      (g)          the
failure of any other Person to execute or deliver this Guaranty, any Guaranty
Supplement or any other guaranty or agreement or the release or reduction of
liability of any Guarantor or other guarantor or surety with respect to the
Guaranteed Obligations; or

       

      (h)          any
other circumstance (including, without limitation, any statute of limitations)
or any existence of or reliance on any representation by any Agent or any Second
Lien Lender that might otherwise constitute a defense available to, or a
discharge of, any Loan Party or any other guarantor or surety (other than the
occurrence of the Termination Date).

       

      This
Guaranty shall continue to be effective or be reinstated, as the case may be, if
at any time any payment of any of the Guaranteed Obligations is rescinded or
must otherwise be returned by any Agent or any Second Lien Lender or any other
Person upon the insolvency, bankruptcy or reorganization of the Borrower or any
other Loan Party or otherwise, all as though such payment had not been
made.

       

      SECTION
8.03.  Waivers and
Acknowledgments.  (a) To the extent permitted by law, each
Guarantor hereby unconditionally and irrevocably waives promptness, diligence,
notice of acceptance, presentment, demand for performance, notice of
nonperformance, default, acceleration, protest or dishonor and any other notice
with respect to any of the Guaranteed Obligations and this Guaranty and any
requirement that any Agent or any
Second Lien Lender protect, secure, perfect or insure any Lien or any
property subject thereto or exhaust any right or take any action against any
Loan Party or any other Person or any Collateral.

      
        
           

        

        
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      (b)          Each
Guarantor hereby unconditionally and irrevocably waives any right to revoke this
Guaranty and acknowledges that this Guaranty is continuing in nature and applies
to all Guaranteed Obligations, whether existing now or in the
future.

       

      (c)          Each
Guarantor hereby unconditionally and irrevocably waives (i) any
defense  (other than the occurrence of the Termination Date) arising
by reason of any claim or defense based upon an election of remedies by any
Agent or any Second Lien Lender that in any manner impairs, reduces, releases or
otherwise adversely affects the subrogation, reimbursement, exoneration,
contribution or indemnification rights of such Guarantor or other rights of such
Guarantor to proceed against any of the other Loan Parties, any other guarantor
or any other Person or any Collateral and (ii) any defense (other than the
occurrence of the Termination Date) based on any right of set-off or
counterclaim against or in respect of the Obligations of such Guarantor
hereunder.

       

      (d)          Each
Guarantor acknowledges that the Collateral Agent may, without notice to or
demand upon such Guarantor and without affecting the liability of such Guarantor
under this Guaranty, foreclose under any mortgage by nonjudicial sale, and each
Guarantor hereby waives any defense (other than the occurrence of the
Termination Date) to the recovery by the Collateral Agent and the other Secured
Parties against such Guarantor of any deficiency after such nonjudicial sale and
any defense or benefits that may be afforded by applicable law.

       

      (e)          Each
Guarantor hereby unconditionally and irrevocably waives any duty on the part of
any Agent or any Second Lien Lender to disclose to such Guarantor any matter,
fact or thing relating to the business, condition (financial or otherwise),
operations, performance, properties or prospects of any other Loan Party or any
of its Subsidiaries now or hereafter known by such Agent or such Secured Party,
as the case may be.

       

      (f)           Each
Guarantor acknowledges that it will receive substantial direct and indirect
benefits from the financing arrangements contemplated by the Loan Documents and
that the waivers set forth in Section 8.02 and
this Section 8.03 are
knowingly made in contemplation of such benefits.

       

      SECTION
8.04.  Subrogation.  Each
Guarantor hereby unconditionally and irrevocably agrees not to exercise any
rights that it may now have or hereafter acquire against the Borrower, any other
Loan Party or any other insider guarantor that arise from the existence,
payment, performance or enforcement of such Guarantor’s Obligations under or in
respect of this Guaranty or any other Loan Document, including, without
limitation, any right of subrogation, reimbursement, exoneration, contribution
or indemnification and any right to participate in any claim or remedy of any Agent or any Second Lien
Lender against the Borrower, any other Loan Party or any other insider
guarantor or any Collateral, whether or not such claim, remedy or right arises
in equity or under contract, statute or common law, including, without
limitation, the right to take or receive from the Borrower, any other Loan Party
or any other insider guarantor, directly or indirectly, in cash or other
property or by set-off or in any other manner, payment or security on account of
such claim, remedy or right, unless and until the occurrence of the Termination
Date.  If any amount shall be paid to any Guarantor in violation of
the immediately preceding sentence at any time prior to the occurrence of the
Termination Date such amount shall be received and held in trust for the benefit
of the Secured Parties, shall be segregated from other property and funds of
such Guarantor and shall forthwith be paid or delivered to the Administrative
Agent in the same form as so received (with any necessary endorsement or
assignment) to be credited and applied to the Guaranteed Obligations and all
other amounts payable under this Guaranty, whether matured or unmatured, in
accordance with the terms of the Loan Documents, or to be held as Collateral for
any Guaranteed Obligations or other amounts payable under this Guaranty
thereafter arising.  If the Termination Date shall have occurred, the
Agents and the Second Lien Lenders will, at such Guarantor’s request and
expense, execute and deliver to such Guarantor appropriate documents, without
recourse and without representation or warranty, necessary to evidence the
transfer by subrogation to such Guarantor of an interest in the Guaranteed
Obligations resulting from such payment made by such Guarantor pursuant to this
Guaranty.

      
        
           

        

        
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      SECTION
8.05.  Guaranty
Supplements.  Upon the execution and delivery by any Person of
a guaranty supplement in substantially the form of Exhibit E hereto (each,
a “Guaranty
Supplement”), (a) such Person shall be referred to as an “Additional
Guarantor” and shall become and be a Guarantor hereunder, and each
reference in this Guaranty to a “Subsidiary
Guarantor” shall also mean and be a reference to such Additional
Guarantor, and each reference in any other Loan Document to a “Guarantor”
shall also mean and be a reference to such Additional Guarantor, and
(b) each reference herein to “ this
Guaranty,” “hereunder,”
“hereof” or
words of like import referring to this Guaranty, and each reference in any other
Loan Document to the “Guaranty,”
“thereunder,”
“thereof”
or words of like import referring to this Guaranty, shall mean and be a
reference to this Guaranty as supplemented by such Guaranty
Supplement.

       

      SECTION
8.06.  Subordination.  Until
the Termination Date, each Guarantor hereby subordinates any and all debts,
liabilities and other Obligations owed to such Guarantor by each other Loan
Party (the “Subordinated
Obligations”) to the Guaranteed Obligations to the extent and in the
manner hereinafter set forth in this Section 8.06:

       

      (a)          Prohibited Payments,
Etc.  Except during the continuance of an Event of Default,
each Guarantor may receive payments from any other Loan Party on account of the
Subordinated Obligations.  After the occurrence and during the
continuance of any Event of Default, however, unless the Required Lenders
otherwise agree, no Guarantor shall demand, accept or take any action to collect
any payment on account of the Subordinated Obligations.

       

      (b)          Prior Payment of Guaranteed
Obligations.  In any proceeding under any Bankruptcy Law
relating to any other Loan Party, each Guarantor agrees that the Agents and the
Second Lien Lenders shall be entitled to receive payment in full in cash of all
Guaranteed Obligations (including all interest and expenses accruing after the
commencement of a proceeding under any Bankruptcy Law, whether or not
constituting an allowed claim in such proceeding (“Post-Petition
Interest”)) before such Guarantor receives payment of any Subordinated
Obligations.

       

      (c)           Turn-Over.  After
the occurrence and during the continuance of any Event of Default, each
Guarantor shall, if the Administrative Agent so requests, collect, enforce and
receive payments on account of the Subordinated Obligations as trustee for the
Agents and the Second Lien Lenders and deliver such payments to the
Administrative Agent on account of the Guaranteed Obligations (including all
Post-Petition Interest), together with any necessary endorsements or other
instruments of transfer, but without reducing or affecting in any manner the
liability of such Guarantor under the other provisions of this
Guaranty.

       

      SECTION
8.07.  Continuing Guaranty;
Assignments.  This Guaranty is a continuing guaranty and shall
(a) remain in full force and effect until the Termination Date and
(b) be binding upon each Guarantor, its successors and assigns and
(c) inure to the benefit of and be enforceable by the Agents and the Second
Lien Lenders and their successors, transferees and permitted
assigns.  Without limiting the generality of clause (c) of the
immediately preceding sentence, any Second Lien Lender may assign
or otherwise transfer all or any portion of its rights and obligations under
this Agreement (including, without limitation, all or any portion of its
Commitments, the Advances owing to it and any Note or Notes held by it) to any
other Person, and such other Person shall thereupon become vested with all the
benefits in respect thereof granted to such Second Lien Lender herein or
otherwise, in each case as and to the extent provided in Section 9.07.  No
Guarantor shall have the right to assign its rights hereunder or any interest
herein without the prior written consent of the Secured
Parties.

      
        
           

        

        
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      SECTION
8.08.  Release of
Guarantor.  A Subsidiary Guarantor shall automatically be
released from its obligations hereunder and the Liens created hereunder in the
Collateral of such Subsidiary Guarantor shall be automatically released upon the
consummation of any sale, disposition or other transaction (including merger or
consolidation) permitted by this Agreement as a result of which such Subsidiary
Guarantor ceases to be a subsidiary.

       

      ARTICLE
IX

       

      MISCELLANEOUS

       

      SECTION
9.01.  Amendments,
Etc.  Except for actions expressly permitted to be taken by the
Agents, no amendment or waiver of any provision of this Agreement or any other
Loan Document, nor consent to any departure by any Loan Party therefrom, shall
in any event be effective unless the same shall be in writing and signed (or, in
the case of the Collateral Documents, consented to) by the Required Lenders, and
then such waiver or consent shall be effective only in the specific instance and
for the specific purpose for which given; provided, however, that
(a) no amendment, waiver or consent shall, unless in writing and signed by
all of the Second Lien Lenders (other than any Second Lien Lender that is, at
such time, a Defaulting Second Lien Lender), do any of the following at any
time:

       

      (i)           waive
any of the conditions specified in Section 3.01 or,
in the case of the Initial Extension of Credit, Section 3.02;

       

      (ii)           change
the number of Second Lien Lenders or the percentage of (x) the Commitments or
(y) the aggregate unpaid principal amount of the Advances that, in each case,
shall be required for the Second Lien Lenders or any of them to take any action
hereunder;

       

      (iii)          other
than in connection with a transaction specifically permitted hereby, release one
or more Guarantors (or otherwise limit such Guarantors’ liability with respect
to the Obligations owing to the Agents and the Second Lien Lenders under the
Guaranty) if such release or limitation is in respect of all or substantially
all of the value of the Guaranties to the Second Lien Lenders; or

       

      (iv)          release
all or substantially all of the Collateral in any transaction or series of
related transactions;

       

      and (b)
no amendment, waiver or consent shall, unless in writing and signed by the
Required Lenders and each Second Lien Lender (other than any Second Lien Lender
that is, at such time, a Defaulting Second Lien Lender) specified below for such
amendment, waiver or consent:

       

      (i)            increase
the Commitments of a Second Lien Lender without the consent of such Second Lien
Lender (it being understood that a waiver of any condition precedent set forth
in Article III or
the waiver of any Default or mandatory prepayment shall not constitute an
increase of any Commitment of any Second Lien Lender);

       

      (ii)           extend
the Scheduled Termination Date without the consent of each Second Lien
Lender;

      
        
           

        

        
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        (iii)            reduce
the principal of, or stated rate of interest on, the Advances owed to a Second
Lien Lender or any fees or other amounts stated to be payable hereunder or under
the other Loan Documents to such Second Lien Lender without the consent of such
Second Lien Lender;

         

        (iv)            postpone
any date scheduled for any payment of interest on the Advances pursuant to Section 2.07
hereunder to a Second Lien Lender without the consent of such Second Lien
Lender; provided, that
only the consent of the Required Lenders shall be necessary to amend the
provisions of Section 2.07(b)
providing for the Default Interest or to waive any obligations of the Borrower
to pay interest at such Default Interest;

         

        (v)         
  amend, waive, modify or consent to any departure from the provisions
of this Section 9.01 in
a manner that would adversely affect the rights of any Second Lien Lender under
this Section 9.01
without the consent of such Second Lien Lender; or

         

        (vi)           amend,
waive, modify or consent to any departure from the provisions of Section 2.12(b)
without the consent of each Seller Holder adversely affected
thereby;

         

        provided, further, that no amendment,
waiver or consent shall, unless in writing and signed by (x) the relevant Agent
in addition to the Second Lien Lenders required above to take such action,
affect the rights or duties of such Agent under this Agreement or the other Loan
Documents or (y) the Other Second Lien Lenders, materially and adversely affect
the rights or obligations of the Other Second Lien Lenders hereunder to the
extent that the First Lien Credit Agreement expressly provides that this
Agreement governs such rights and obligations.

         

        (c)           Notwithstanding
the foregoing, this Agreement may be amended with the written consent of the
Administrative Agent, the Borrower and the Second Lien Lenders providing the
Replacement Term Loans (as defined below) to permit the refinancing of the
outstanding Advances (“Refinanced Term
Loans”) with a replacement term loan tranche denominated in dollars
(“Replacement Term
Loans”) hereunder; provided that (i) the aggregate principal amount of
such Replacement Term Loans shall not exceed the aggregate principal amount of
such Refinanced Term Loans, (ii) the interest rate for such Replacement Term
Loans shall not be higher than the interest rate for such Refinanced Term Loans,
(iii) the weighted average life to maturity of such Replacement Term Loans shall
not be shorter than the weighted average life to maturity of such Refinanced
Term Loans at the time of such refinancing (except to the extent of nominal
amortization for periods where amortization has been eliminated as a result of
prepayment of the Refinanced Term Loans) and (iv) all other terms applicable to
such Replacement Term Loans shall be substantially identical to, or less
favorable to the Second Lien Lenders providing such Replacement Term Loans than,
those applicable to such Refinanced Term Loans, except to the extent necessary
to provide for covenants and other terms applicable to any period after the
latest final maturity of the Advances in effect immediately prior to such
refinancing.

         

        (d)           Notwithstanding
anything to the contrary contained in this Section 9.01, if
the Administrative Agent and the Borrower (A) shall have jointly identified an
obvious error or any error or omission of a technical or immaterial nature, in
each case, in any provision of the Loan Documents, or (B) shall seek to amend
the Loan Documents in a manner more favorable to the Second Lien Lenders, taken
as a whole, then, in each case, the Administrative Agent and the Borrower shall
be permitted to amend such provision and such amendment shall become effective
without any further action or consent of any other party to any Loan Document if
the same is not objected to in writing by the Required Lenders within five (5)
Business Days following receipt of notice thereof.

        
          
             

          

          
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        SECTION
9.02.  Notices,
Etc.  (a) Except in the case of notices and other
communications expressly permitted to be given by telephone, all notices and
other communications provided for hereunder shall be either (x) in writing
(including telecopy communication) and mailed, telecopied or delivered by hand
or overnight courier service, or (y) as and to the extent set forth in Section 9.02(b)
and in the proviso to this Section 9.02(a),
in an electronic medium and as delivered as set forth in Section 9.02(b),
if to any Loan Party, at the Borrower’s address at Gwynedd Hall, 1777 Sentry
Parkway West, Suite 302, Blue Bell, PA  19422, Fax: 267-464-1735,
Attn: Chief Financial Officer, with a copy to the Sponsor at the Sponsor’s
address, telecopy number or electronic mail address at 200 Crescent Court, Suite
1600, Dallas, TX 75201, Fax 214-720-7888, Email: dhopkin@hmcapital.com; if to
any Initial Second Lien Lender, at its address, telecopy number or electronic
mail address specified opposite its name on Schedule I hereto; if to any
other Second Lien Lender, at its address, telecopy number or electronic mail
address specified in the Assignment and Acceptance pursuant to which it became a
Second Lien Lender; if to the Collateral Agent or the Administrative Agent, at
its address at  200 Bay Street, 12th Floor, South Tower, Royal Bank
Plaza, Toronto, Ontario M5J 2W7, Attention:  Manager, Agency, Fax:
416-842-4023, or, as to any party, at such other address, telecopy number or
electronic mail address as shall be designated by such party in a written notice
to the other parties; provided, however, that materials and
information described in Section 9.02(b)
shall be delivered to the Administrative Agent in accordance with the provisions
thereof or as otherwise specified to the Borrower by the Administrative Agent in
writing.  All such notices and other communications delivered by hand
or overnight courier service shall be effective when received, all such notices
sent by mail shall be effective as of the earlier of receipt thereof and three
Business Days after deposit in the mails, and all such notices and other
communications sent by telecopy shall be effective 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).  All such notices delivered by electronic mail, as
provided in subsection (b) below, shall be effective when
delivered.  Delivery by telecopier of an executed counterpart of a
signature page to any amendment or waiver of any provision of this Agreement or
the Notes or of any Exhibit hereto to be executed and delivered hereunder
shall be effective as delivery of an original executed counterpart
thereof.  As agreed to among the Borrower, including as set forth in
subsection (b) below, the Administrative Agent and the applicable Second Lien
Lenders from time to time, notices and other communications may also be
delivered by e-mail to the e-mail address of a representative of the applicable
Person provided from time to time by such Person.

         

        (b)           The
Borrower hereby agrees that it will provide to the Administrative Agent all
information, documents and other materials that it is obligated to furnish to
the Administrative Agent pursuant to the Loan Documents, including, without
limitation, all notices, requests, financial statements, financial and other
reports, certificates and other information materials, but excluding (i) any
Notice of Borrowing, (ii) any notice of any prepayment of the Advances pursuant
to Section 2.06,
(iii) any notice of a Default or Event of Default under this Agreement or (iv)
any certificate, agreement or other document required to be delivered to satisfy
any condition set forth in Article III of
this Agreement (all such non-excluded communications being referred to herein
collectively as “Communications”),
by delivering the Communications by e-mail to an e-mail address specified by the
Administrative Agent to the Borrower.  In addition, the Borrower
agrees to continue to provide the Communications to the Administrative Agent in
the manner specified in the Loan Documents but only to the extent requested by
the Administrative Agent.  The Borrower further agrees that the
Administrative Agent may make the Communications available to the Second Lien
Lenders by posting the Communications on Intralinks or a substantially similar
electronic transmission system (the “Platform”).

        
          
             

          

          
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        (c)           The
Platform is provided on an “as is” and “as available” basis and the Agent
Parties  (as defined below) make no representation or warranty of any
kind as the accuracy or completeness of the Communications or as to the adequacy
of the Platform, and expressly disclaim any liability for any errors or
omissions in the Communications.  In no event shall the Administrative
Agent or any of its Affiliates or any of their respective officers, directors,
employees, agents, Advisors or representatives (collectively, the “Agent
Parties”) have any liability to the Borrower, any Second Lien Lender or
any other Person or entity for damages of any kind, including, without
limitation, any direct or indirect, special, incidental or consequential
damages, losses or expenses (whether in tort, contract or otherwise) arising out
of the Borrower’s or the Administrative Agent’s delivery of any Communications
through the internet, except to the extent the liability of any Agent Party is
found in a final non-appealable judgment by a court of competent jurisdiction to
have resulted primarily from such Agent Party’s gross negligence or willful
misconduct.

         

        (d)           The
Administrative Agent agrees that the receipt of the Communications by the
Administrative Agent at its e-mail address set forth above shall constitute
effective delivery of the Communications to the Administrative Agent for
purposes of the Loan Documents.  Each Second Lien Lender agrees that
notice to it (as provided in the next sentence) specifying that the
Communications have been posted to the Platform shall constitute effective
delivery of the Communications to such Second Lien Lender for purposes of the
Loan Documents.  Each Second Lien Lender agrees to (i) notify the
Administrative Agent in writing (including by e-mail) from time to time of such
Second Lien Lender’s e-mail address to which the foregoing notice may be sent by
electronic transmission and (ii) that the foregoing notice may be sent to such
e-mail address.  Nothing herein shall prejudice the right of the
Administrative Agent or any Second Lien Lender to give any notice or other
communication pursuant to any Loan Document in any other manner specified in
such Loan Document.

         

        SECTION
9.03.  No
Waiver; Remedies.  No failure on the part of any Second Lien
Lender or any Agent to exercise, and no delay in exercising, any right hereunder
or under any Note or any other Loan Document shall operate as a waiver thereof;
nor shall any single or partial exercise of any such right preclude any other or
further exercise thereof or the exercise of any other right.  The
remedies herein provided are cumulative and not exclusive of any remedies
provided by law.

         

        SECTION
9.04.  Costs
and Expenses.  (a) The Borrower agrees to pay, within 30 days
after receipt of an invoice setting forth such amounts in reasonable detail, (i)
all reasonable and documented out-of-pocket costs and expenses of one counsel to
the Initial Seller Holders (taken as a whole) incurred in connection with the
preparation, execution and delivery of the Loan Documents and (ii) the
reasonable fees and expenses of one counsel to the Agents and the Second Lien
Lenders taken as a whole (and, if reasonably necessary, of one local counsel in
any applicable jurisdiction, and additional counsel if a conflict of interest
exists between any Agent or Second Lien Lender and any other Agent or Second
Lien Lender, as determined in good faith by such party), with respect to
advising such Agent as to its rights and responsibilities, or the perfection,
protection or preservation of rights or interests, under the Loan Documents,
with respect to negotiations with any Loan Party or with other creditors of any
Loan Party or any of its Subsidiaries arising out of any Default or any events
of circumstances that may give rise to a Default and with respect to presenting
claims in or otherwise participating in or monitoring any bankruptcy, insolvency
or other similar proceeding involving creditors’ rights generally and any
proceeding ancillary thereto) and in connection with the enforcement of the Loan
Documents.

        
          
             

          

          
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        (b)           The
Borrower agrees to indemnify, defend and save and hold harmless each Agent, each
Second Lien Lender and each of their Affiliates and their respective officers,
directors, employees, agents and advisors (each, an “Indemnified
Party”) (i) from and against, and shall pay within 30 days after receipt
of an invoice setting forth such amounts in reasonable detail, any and all
reasonable and documented out-of-pocket expenses (including, without limitation,
the reasonable and documented fees, disbursements and other charges of one
counsel to the Administrative Agent and the Second Lien Lenders taken as a
whole, and, if reasonably necessary, of one local counsel in any applicable
jurisdiction, and additional counsel if a conflict of interest exists between
the Indemnified Parties, as determined in good faith by an Indemnified Party)
that may be incurred by any Indemnified Party, arising out of or associated with
the preparation, execution, delivery and administration of the Loan Documents
and any amendment or waiver with respect thereto, and (ii) from and against, and
shall pay within 30 days after receipt of an invoice setting forth such amounts
in reasonable detail, any and all claims, damages, losses, liabilities and
reasonable and documented out-of-pocket expenses (including, without limitation,
the reasonable and documented fees, disbursements and other charges of one
counsel to the Administrative Agent and the Second Lien Lenders taken as a
whole, and, if reasonably necessary, of one local counsel in any applicable
jurisdiction, and additional counsel if a conflict of interest exists between
the Indemnified Parties, as determined in good faith by an Indemnified Party)
that may be incurred by or asserted or awarded against any Indemnified Party, in
each case of clauses (i) and (ii) arising out of or in connection with or by
reason of (including, without limitation, in connection with any investigation,
litigation or proceeding or preparation of a defense in connection therewith)
(A) the Facility, the actual or proposed use of the proceeds of the Advances or
any of the transactions contemplated by the Transaction Documents or
(B) the actual or alleged presence of Hazardous Materials on any property
of any Loan Party or any of its Subsidiaries or any Environmental Action
relating in any way to any Loan Party or any of its Subsidiaries, except to the
extent such claim, damage, loss, liability or expense (w) arises from any
violations of, non-compliance with or liability under, any Environmental Laws or
attributable to the presence, release or threatened release of Hazardous
Materials that first occur at a property after such property is transferred to
the Administrative Agent or any Indemnified Party by foreclosure, deed-in-lieu
of foreclosure or similar transfer, (x) is found in a final, non-appealable
judgment by a court of competent jurisdiction to have resulted from such
Indemnified Party’s gross negligence, willful misconduct or bad faith, (y)
arises out of material breach of the Loan Documents by any Indemnified Party or
(z) arises solely out of a dispute among the Indemnified Parties; provided that the
Administrative Agent shall continue to be indemnified in the event of a dispute
between it and other Indemnified Parties; provided further that in no event
shall any Seller Holder (or any Affiliate thereof or any respective officer,
director, employee, agent or advisor thereof) be entitled to any indemnity or
expense reimbursement under this Section 9.04 (or
any other provision of any Loan Document) to the extent that any such expense,
claim, loss, damage, and/or liability arises out of or relates to (A) any of the
representations and warranties made in favor of the Other Second Lien Lenders,
(B) in any way relates to the Purchase Agreement (or any portion thereof) or any
of the transactions contemplated thereby (including any documents, instruments
or agreements (other than any Note) executed and delivered in connection
therewith) and/or (C) any matter or event (x) as to which any Buyer
Indemnitee is or would be entitled to seek or claim indemnification under the
Purchase Agreement (regardless of whether such indemnification provisions are
then applicable or available under the Purchase Agreement) and/or (y) arises
from or relates to any period or event occurring prior to the Effective
Date.  In the case of an investigation, litigation or other proceeding
to which the indemnity in this Section 9.04(b)
applies, such indemnity shall be effective whether or not such investigation,
litigation or proceeding is brought by any Loan Party, its directors,
shareholders or creditors or any Indemnified Party or any other Person, whether
or not any Indemnified Party is otherwise a party thereto and whether or not the
Transaction is consummated.  Each party hereto also agrees not to
assert any claim against any other party or any of their Affiliates, or any of
their respective officers, directors, employees, agents and advisors, on any
theory of liability, for special, indirect, consequential or punitive damages
arising out of or otherwise relating to the Facility, the actual or proposed use
of the proceeds of the Advances, the Transaction Documents or any of the
transactions contemplated by the Transaction Documents.

         

        (c)           If
any Loan Party fails to pay when due any costs, expenses or other amounts
payable by it under any Loan Document, including, without limitation, fees and
expenses of counsel and indemnities, such amount may be paid on behalf of such
Loan Party by the Administrative Agent or any Second Lien Lender, in its sole
discretion.

        
          
             

          

          
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        (d)           Without
prejudice to the survival of any other agreement of any Loan Party hereunder or
under any other Loan Document, the agreements and obligations of the Borrower
contained in Sections 2.10
and 2.13 and
this Section 9.04
shall survive the payment in full of principal, interest and all other amounts
payable hereunder and under any of the other Loan Documents.

         

        (e)           For
the avoidance of doubt, any and all payments by any Loan Party to or for the
account of any Second Lien Lender or any Agent hereunder or under any other Loan
Document with respect to Taxes shall be governed exclusively by Section 2.12 and
not by this Section 9.04.

         

        SECTION
9.05.  Right
of Set-off.  Upon (a) the occurrence and during the
continuance of any Event of Default and (b) the making of the request or
the granting of the consent specified by Section 6.01 to
authorize the Administrative Agent to declare the Advances due and payable
pursuant to the provisions of Section 6.01,
each Agent and each Second Lien Lender and each of their respective Affiliates
is hereby authorized at any time and from time to time, to the fullest extent
permitted by law, to set off and otherwise apply any and all deposits (general
or special, time or demand, provisional or final) (other than with respect to
payroll accounts, zero balance accounts and trust funds) at any time held and
other indebtedness at any time owing by such Agent, such Second Lien Lender or
such Affiliate to or for the credit or the account of the Borrower against any
and all of the Obligations of the Borrower now or hereafter existing under the
Loan Documents, irrespective of whether such Agent or such Second Lien Lender
shall have made any demand under this Agreement or the other Loan Documents and
although such Obligations may be unmatured.  Each Agent and each
Second Lien Lender agrees promptly to notify the Borrower after any such set-off
and application; provided,
however, that the failure to give such notice shall not affect the
validity of such set-off and application.  The rights of each Agent
and each Second Lien Lender and their respective Affiliates under this
Section are in addition to other rights and remedies (including, without
limitation, other rights of set-off) that such Agent, such Second Lien Lender
and their respective Affiliates may have.

         

        SECTION
9.06.  Binding
Effect.  This Agreement shall become effective when it shall
have been executed by the Borrower and each Agent and the Administrative Agent
shall have been notified by each Initial Second Lien Lender that such Initial
Second Lien Lender has executed it and thereafter shall be binding upon and
inure to the benefit of the Borrower, each Agent and each Second Lien Lender and
their respective successors and assigns, except that the Borrower shall not have
the right to assign its rights hereunder or any interest herein without the
prior written consent of each Second Lien Lender.

         

        SECTION
9.07.  Assignments and
Participations.  (a) (i) Except as provided in Section 2.11 or
Section 9.10,
prior to May 1, 2009, the Initial Seller Holders shall not sell, assign or
transfer all or any portion of the Advances without the prior written consent of
the Borrower.  On and after May 1, 2009 (provided that no Event
of Default under Section 6.01(f)
has occurred and is continuing), each Initial Seller Holder may assign to one or
more Eligible Assignees all or a portion of its rights and obligations under
this Agreement (including, without limitation, all or a portion of its
Commitment or Commitments, the Advances owing to it and the Note or Notes held
by it but, in the case of an Initial Seller Holder, excluding any portion of the
Advances subject to pending indemnification claims or paid into escrow); provided that after giving
effect to all such assignments, no assignee (together with its affiliates) of
any Seller Holder shall own or control 50.0% or more of the then outstanding
principal amount of the Advances (unless the Borrower has otherwise consented in
writing in advance); and

        
          
             

          

          
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        (ii)      
   Each Other Second Lien Lender may assign to one or more
Eligible Assignees all or a portion of its rights and obligations under this
Agreement (including, without limitation, all or a portion of its Commitment or
Commitments, the Advances owing to it and the Note or Notes held by
it);

         

        provided that in the case of
clauses (i) and (ii) above, (A) each such assignment shall be of a uniform,
and not a varying, percentage of all rights and obligations under the Facility,
(B) except in the case of an assignment to a Person that, immediately prior
to such assignment, was a Second Lien Lender, an Affiliate of any Second Lien
Lender or an Approved Fund of any Second Lien Lender or an assignment of all of
a Second Lien Lender’s rights and obligations under this Agreement, the
aggregate amount of the Commitments being assigned to such Eligible Assignee
pursuant to such assignment (determined as of the date of the Assignment and
Acceptance with respect to such assignment) shall in no event be less than
$1,000,000 (or such lesser amount as shall be approved by the Administrative
Agent and, so long as no Event of Default pursuant to Sections 6.01(a) or
(f) shall have
occurred and be continuing at the time of the effectiveness of such assignment,
the Borrower), (C) each such assignment shall be to an Eligible Assignee, (D)
each such assignment made as a result of a demand by the Borrower pursuant to
Section 2.11 or
Section 9.10
shall be arranged by the Borrower after consultation with the Administrative
Agent and shall be either an assignment of all of the rights and obligations of
the assigning Second Lien Lender under this Agreement or an assignment of a
portion of such rights and obligations made concurrently with another such
assignment or other such assignments that together cover all of the rights and
obligations of the assigning Second Lien Lender under this Agreement, (E) no
Second Lien Lender shall be obligated to make any such assignment as a result of
a demand by the Borrower pursuant to Section 2.11 or
Section 9.10
unless and until such Second Lien Lender shall have received one or more
payments from either the Borrower or one or more Eligible Assignees in an
aggregate amount at least equal to the aggregate outstanding principal amount of
the Advances owing to such Second Lien Lender, together with accrued interest
thereon to the date of payment of such principal amount and all other amounts
payable to such Second Lien Lender under this Agreement and (F) the parties to
each such assignment shall execute and deliver to the Administrative Agent, for
its acceptance and recording in the Register, an Assignment and Acceptance,
together with any Note or Notes (if any) subject to such assignment and a
processing and recordation fee of $3,500.

         

        (b)           Upon
such execution, delivery, acceptance and recording, from and after the effective
date specified in such Assignment and Acceptance, (i) the assignee
thereunder shall be a party hereto and, to the extent that rights and
obligations hereunder have been assigned to it pursuant to such Assignment and
Acceptance, have the rights and obligations of a Second Lien Lender hereunder
and (ii) the Second Lien Lender thereunder shall, to the extent that rights
and obligations hereunder have been assigned by it pursuant to such Assignment
and Acceptance, relinquish its rights (other than its rights under Sections 2.10,
2.13 and 9.04 to the extent
any claim thereunder relates to an event arising prior to such assignment) and
be released from its obligations under this Agreement (and, in the case of an
Assignment and Acceptance covering all of the remaining portion of an assigning
Second Lien Lender’s obligations under this Agreement, such Second Lien Lender
shall cease to be a party hereto).

        
          
             

          

          
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        (c)           By
executing and delivering an Assignment and Acceptance, each Second Lien Lender
assignor thereunder and each assignee thereunder confirm to and agree with each
other and the other parties thereto and hereto as
follows:  (i) other than as provided in such Assignment and
Acceptance, such assigning Second Lien Lender makes no representation or
warranty and assumes no responsibility with respect to any statements,
warranties or representations made in or in connection with any Loan Document or
the execution, legality, validity, enforceability, genuineness, sufficiency or
value of, or the perfection or priority of any lien or security interest created
or purported to be created under or in connection with, any Loan Document or any
other instrument or document furnished pursuant thereto; (ii) such
assigning Second Lien Lender makes no representation or warranty and assumes no
responsibility with respect to the financial condition of any Loan Party or the
performance or observance by any Loan Party of any of its obligations under any
Loan Document or any other instrument or document furnished pursuant thereto;
(iii) such assignee confirms that it has received a copy of this Agreement,
together with copies of the financial statements referred to in Section 4.01 and
such other documents and information as it has deemed appropriate to make its
own credit analysis and decision to enter into such Assignment and Acceptance;
(iv) such assignee will, independently and without reliance upon any Agent,
such assigning Second Lien Lender or any other Second Lien Lender and based on
such documents and information as it shall deem appropriate at the time,
continue to make its own credit decisions in taking or not taking action under
this Agreement; (v) such assignee confirms that it is an Eligible Assignee;
(vi) such assignee appoints and authorizes each Agent to take such action
as agent on its behalf and to exercise such powers and discretion under the Loan
Documents as are delegated to such Agent by the terms hereof and thereof,
together with such powers and discretion as are reasonably incidental thereto;
(vii) such assignee agrees that it will perform in accordance with their
terms all of the obligations that by the terms of this Agreement are required to
be performed by it as a Second Lien Lender and (viii) in the case of any
assignment to or by a Seller Holder, the assignee thereunder acknowledges and
agrees that it takes such interest subject to the restrictions and limitations
set forth herein, including pursuant to Section 2.12(b) and
Section
9.04.

         

        (d)           The
Administrative Agent, acting for this purpose (but only for this purpose) as the
agent of the Borrower, shall maintain at its address referred to in Section 9.02 a
copy of each Assignment and Acceptance delivered to and accepted by it and a
register for the recordation of the names and addresses of the Second Lien
Lenders and the Commitment under each Facility of, and principal amount of the
Advances owing under the Facility to, each Second Lien Lender from time to time
(the “Register”).  The
entries in the Register shall be conclusive and binding for all purposes, absent
manifest error, and the Borrower, the Agents and the Second Lien Lenders
may treat each
Person whose name is recorded in the Register as a Second Lien Lender hereunder
for all purposes of this Agreement.  The Register shall be available
for inspection by the Borrower or any Agent or any Second Lien Lender at any
reasonable time and from time to time upon reasonable prior notice.

         

        (e)           Upon
its receipt of an Assignment and Acceptance executed by an assigning Second Lien
Lender and an assignee, together with any Note or Notes subject to such
assignment, the Administrative Agent shall, if such Assignment and Acceptance
has been completed and is in substantially the form of Exhibit C hereto,
(i) accept such Assignment and Acceptance, (ii) record the information
contained therein in the Register and (iii) give prompt notice thereof to
the Borrower and each other Agent.  In the case of any assignment by a
Second Lien Lender, within five Business Days after its receipt of such notice,
the Borrower, at its own expense, shall execute and deliver to the
Administrative Agent in exchange for the surrendered Note or Notes (if any) a
new Note to the order of such Eligible Assignee in an amount equal to the
Commitment assumed by it under each Facility pursuant to such Assignment and
Acceptance and, if any assigning Second Lien Lender that had a Note or Notes
prior to such assignment has retained a Commitment hereunder under such
Facility, a new Note to the order of such assigning Second Lien Lender in an
amount equal to the Commitment retained by it hereunder.  Such new
Note or Notes shall be dated the effective date of such Assignment and
Acceptance and shall otherwise be in substantially the form of Exhibit A
hereto.

         

        (f)           (i)
Prior to May 1, 2009, no Initial Seller Holder shall sell participations to
any Person in or to all or a portion of its rights and obligations under this
Agreement (including, without limitation, all or a portion of its Commitments,
the Advances owing to it and any Note or Notes held by it) without the prior
written consent of the Borrower.  On or after May 1, 2009
(provided that no Event of Default under Section 6.01(f)
has occurred and is continuing), each Initial Seller Holder may sell
participations to one or more Persons in or to all or a portion of its rights
and obligations under this Agreement (including, without limitation, all or a
portion of its Commitments, the Advances owing to it and any Note or Notes held
by it); and

        
          
             

          

          
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        (ii)           Each
Other Second Lien Lender may sell participations to one or more Persons in or to
all or a portion of its rights and obligations under this Agreement (including,
without limitation, all or a portion of its Commitments, the Advances owing to
it and any Note or Notes held by it);

         

        provided, however, that in
the case of each of clauses (i) and (ii) above, (A) such Second Lien
Lender’s obligations under this Agreement (including, without limitation, its
Commitments) shall remain unchanged, (B) such Second Lien Lender shall
remain solely responsible to the other parties hereto for the performance of
such obligations, (C) such Second Lien Lender shall remain the holder of
any such Note for all purposes of this Agreement, (D) the Borrower, the
Agents and the other Second Lien Lenders shall continue to deal solely and
directly with such Second Lien Lender in connection with such Second Lien
Lender’s rights and obligations under this Agreement and (E) no participant
under any such participation shall have any right to approve any amendment or
waiver of any provision of any Loan Document, or any consent to any departure by
any Loan Party therefrom, except to the extent that such amendment, waiver or
consent would reduce the principal of, or interest on, the Advances or any fees
or other amounts payable hereunder, in each case to the extent subject to such
participation, postpone any date fixed for any payment of principal of, or
interest on, the Advances or any fees or other amounts payable hereunder, in
each case to the extent subject to such participation, or release all or
substantially all of the Collateral or the value of the Guaranty.

         

        (g)           Any
Second Lien Lender may, in connection with any assignment or participation or
proposed assignment or participation pursuant to this Section 9.07,
disclose to the assignee or participant or proposed assignee or participant any
information relating to the Borrower furnished to such Second Lien Lender by or
on behalf of the Borrower; provided, however, that,
prior to any such disclosure, the assignee or participant or proposed assignee
or participant shall agree to preserve the confidentiality of any Confidential
Information received by it from such Second Lien Lender pursuant to Section 9.11.

         

        (h)           Notwithstanding
any other provision set forth in this Agreement, any Second Lien Lender may at
any time (and without the consent of the Administrative Agent or the Borrower)
create a security interest in all or any portion of its rights under this
Agreement (including, without limitation, the Advances owing to it and any Note
or Notes held by it) in favor of any Federal Reserve Bank in accordance with
Regulation A of the Board of Governors of the Federal Reserve
System.

         

        (i)           Notwithstanding
anything to the contrary contained herein, any Second Lien Lender that is a fund
that invests in bank loans may create a security interest in all or any portion
of the Advances owing to it and the Note or Notes held by it to the trustee for
holders of obligations owed, or securities issued, by such fund as security for
such obligations or securities, provided, however, that unless and
until such trustee actually becomes a Second Lien Lender in compliance with the
other provisions of this Section 9.07,
(i) no such pledge shall release the pledging Second Lien Lender from any of its
obligations under the Loan Documents and (ii) such trustee shall not be entitled
to exercise any of the rights of a Second Lien Lender under the Loan Documents
even though such trustee may have acquired ownership rights with respect to the
pledged interest through foreclosure or otherwise.

        
          
             

          

          
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        (j)           Notwithstanding
anything to the contrary contained herein, any Second Lien Lender (a “Granting
Lender”) may grant to a special purpose funding vehicle identified as
such in writing from time to time by the Granting Lender to the Administrative
Agent and the Borrower (an “SPC”) the
option to provide all or any part of any Advance that such Granting Lender would
otherwise be obligated to make pursuant to this Agreement; provided, however, that
(i) nothing herein shall constitute a commitment by any SPC to fund any
Advance, and (ii) if an SPC elects not to exercise such option or otherwise
fails to make all or any part of such Advance, the Granting Lender shall be
obligated to make such Advance pursuant to the terms hereof.  The
making of an Advance by an SPC hereunder shall utilize the Commitment of the
Granting Lender to the same extent, and as if, such Advance were made by such
Granting Lender.  Each party hereto hereby agrees that (i) no SPC
shall be liable for any indemnity or similar payment obligation under this
Agreement for which a Second Lien Lender would be liable, (ii) no SPC shall be
entitled to the benefits of Sections 2.10 and
2.13 (or any
other increased costs protection provision) and (iii) the Granting Lender shall
for all purposes, including, without limitation, the approval of any amendment
or waiver of any provision of any Loan Document, remain the Second Lien Lender
of record hereunder.  In furtherance of the foregoing, each party
hereto hereby agrees (which agreement shall survive the termination of this
Agreement) that, prior to the date that is one year and one day after the
payment in full of all outstanding commercial paper or other senior Debt of any
SPC, it will not institute against, or join any other person in instituting
against, such SPC any bankruptcy, reorganization, arrangement, insolvency, or
liquidation proceeding under the laws of the United States or any State
thereof.  Notwithstanding anything to the contrary contained in this
Agreement, any SPC may (i) with notice to, but without prior consent of,
the Borrower and the Administrative Agent, assign all or any portion of its
interest in any Advance to the Granting Lender and (ii) disclose on a
confidential basis any non-public information relating to its funding of
Advances to any rating agency, commercial paper dealer or provider of any surety
or guarantee or credit or liquidity enhancement to such SPC.  This
subsection (j) may not be amended without the prior written consent of each
Granting Lender, all or any part of whose Advances are being funded by the SPC
at the time of such amendment.

         

        SECTION
9.08.  Execution in
Counterparts.  This Agreement 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 one and the same agreement.  Delivery by
telecopier or other electronic communication of an executed counterpart of a
signature page to this Agreement shall be effective as delivery of an original
executed counterpart of this Agreement.

         

        SECTION
9.09.  [Intentionally Omitted.]

         

        SECTION
9.10.  Non-Consenting Second Lien
Lenders.  If at any time, any Second Lien Lender becomes a
Non-Consenting Second Lien Lender, then the Borrower may, at its sole cost and
expense, on prior written notice to the Administrative Agent and such Second
Lien Lender, replace such Second Lien Lender by causing such Second Lien Lender
to (and such Second Lien Lender shall be obligated to) assign pursuant to Section 9.07 all
of its rights and obligations under this Agreement to one or more Eligible
Assignees; provided that neither the Administrative Agent nor any Second Lien
Lender shall have any obligation to the Borrower to find a replacement Second
Lien Lender or other such Person; provided, further, that such
Non-Consenting Second Lien Lender shall be entitled to receive the full
outstanding principal amount of Advances so assigned, together with accrued
interest and fees payable in respect of such Advances as of the date of such
assignment.

         

        SECTION
9.11.  Confidentiality.  Neither
any Agent nor any Second Lien Lender shall disclose any Confidential Information
to any Person without the consent of the Borrower, other than (a) to such
Agent’s or such Second Lien Lender’s Affiliates and their officers, directors,
employees, agents and advisors and to actual or prospective Eligible Assignees
and participants, and then only on a confidential basis, (b) as required by
any law, rule or regulation or judicial process; provided that such Agent or
Second Lien Lender shall provide the Borrower with prompt notice of such
disclosure to the extent permitted by applicable law, (c) as requested or
required by any state, Federal or foreign authority or examiner (including the
National Association of Insurance Commissioners or any similar organization or
quasi-regulatory authority) regulating such Second Lien Lender, (d) to any
rating agency when required by it; provided that, prior to any
such disclosure, such rating agency shall undertake to preserve the
confidentiality of any Confidential Information relating to the Loan Parties
received by it from such Second Lien Lender, (e) in connection with any
litigation or proceeding to which such Agent or such Second Lien Lender or any
of its Affiliates may be a party, or (f) in connection with the exercise of any
right or remedy under this Agreement or any other Loan Document

        
          
             

          

          
            84

            
              

            

          

          
             

          

        

        SECTION
9.12.  Release of
Collateral.  (a)(i) Upon the sale, lease, transfer or other
disposition of any item of Collateral of any Loan Party (including, without
limitation, as a result of the sale, in accordance with the terms of the Loan
Documents, of the Loan Party that owns such Collateral) in accordance with the
terms of the Loan Documents or, subject to Section 9.01, if
approved, authorized or ratified in writing by the Required Second Lien Lenders,
(ii) upon the Termination Date (and, concurrently therewith, to release all the
Loan Parties from their obligations under the Loan Documents (other than those
that specifically survive the Termination Date)), or (iii) upon release of a
Subsidiary Guarantor from its obligations under its Guaranty pursuant to clause
(c) below, the Second Lien Lenders irrevocably authorize the Agents, and the
Agents agree, at the Borrower’s expense, to execute and deliver to such Loan
Party such documents as such Loan Party may reasonably request to evidence the
release of such item of Collateral from the assignment and security interest
granted under the Collateral Documents in accordance with the terms of the Loan
Documents.

         

        (b)           The
Second Lien Lenders irrevocably authorize the Agents, and the Agents agree, at
the request of the Borrower, to subordinate any Lien on any property granted to
or held by the Administrative Agent under any Loan Document to the holder of any
Lien on such property that is permitted by Sections 5.02(a)(iv)
and (v).

         

        (c)           The
Second Lien Lenders irrevocably authorize the Agents, and the Agents agree, to
release any Subsidiary Guarantor from its obligations under any Loan Document to
which it is a party if such Person ceases to be a Subsidiary as a result of a
transaction or designation permitted hereunder.

         

        SECTION
9.13.  Patriot Act
Notice.  Each Second Lien Lender and each Agent (for itself and
not on behalf of any Second Lien Lender) hereby notifies the Loan Parties that
pursuant to the requirements of the Patriot Act, it is required to obtain,
verify and record information that identifies each Loan Party, which information
includes the name and address of such Loan Party and other information that will
allow such Second Lien Lender or such Agent, as applicable, to identify such
Loan Party in accordance with the Patriot Act.  The Borrower shall,
and shall cause each of its Subsidiaries to, provide to the extent commercially
reasonable, such information and take such actions as are reasonably requested
by any Agents or any Second Lien Lender in order to assist the Agents and the
Second Lien Lenders in maintaining compliance with the Patriot Act.

         

        SECTION
9.14.  Jurisdiction,
Etc.  (a) Each of the parties hereto hereby irrevocably and
unconditionally submits, for itself and its property, to the nonexclusive
jurisdiction of any New York State court or Federal court of the United States
of America sitting in New York City, and any appellate court from any
thereof, in any action or proceeding arising out of or relating to this
Agreement or any of the other Loan Documents to which it is a party, or for
recognition or enforcement of any judgment, and each of the parties hereto
hereby irrevocably and unconditionally agrees that all claims in respect of any
such action or proceeding may be heard and determined in any such New York State
court or, to the fullest extent permitted by law, in such Federal
court.  Each of the parties hereto agrees that a final judgment in any
such action or proceeding shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by
law.  Nothing in this Agreement shall affect any right that any party
may otherwise have to bring any action or proceeding relating to this Agreement
or any of the other Loan Documents in the courts of any
jurisdiction.

        
          
             

          

          
            85

            
              

            

          

          
             

          

        

        (b)           Each
of the parties hereto irrevocably and unconditionally waives, to the fullest
extent it may legally and effectively do so, any objection that it may now or
hereafter have to the laying of venue of any suit, action or proceeding arising
out of or relating to this Agreement or any of the other Loan Documents to which
it is a party in any New York State or Federal court.  Each of the
parties hereto hereby irrevocably waives, to the fullest extent permitted by
law, the defense of an inconvenient forum to the maintenance of such action or
proceeding in any such court.

         

        SECTION
9.15.  GOVERNING
LAW.  THIS AGREEMENT AND THE NOTES SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
NEW YORK.

         

        SECTION
9.16.  WAIVER OF JURY
TRIAL.  EACH OF THE BORROWER, THE AGENTS AND THE SECOND LIEN
LENDERS IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING
OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR
RELATING TO ANY OF THE LOAN DOCUMENTS, THE ADVANCES, THE LETTERS OF CREDIT OR
THE ACTIONS OF ANY AGENT OR ANY LENDER IN THE NEGOTIATION, ADMINISTRATION,
PERFORMANCE OR ENFORCEMENT THEREOF.

         

        SECTION
9.17.  Intercreditor
Agreement.  In the event of conflict or inconsistency between
the terms of the Intercreditor Agreement and this Agreement, the terms of the
Intercreditor Agreement shall govern and control.

         

        SECTION
9.18.  Special Provisions for Other
Second Lien Lenders.  Notwithstanding anything to the contrary
herein, the rights and obligations of the Other Second Lien Lenders and the
provisions applicable to the Obligations in respect of the Term C Advance shall
be governed solely and exclusively by the Terms of the Collateral Documents and
the First Lien Credit Agreement, except to the extent that the First Lien Credit
Agreement otherwise expressly provides that this Agreement governs instead, in
which case, the relevant provisions of this Agreement (and any defined terms
used therein) shall apply.  For the avoidance of doubt, the aggregate
Commitments in respect of the Term C Advance shall not exceed
$5,000,000.

         

        [REMAINDER OF PAGE
INTENTIONALLY LEFT BLANK]

        
          
             

          

          
            86

            
              

            

          

          
             

          

        

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

         

        
          
            	
                    UNITEK
      ACQUISITION, INC., as Borrower

                  
	 
      	 
      
	
                    By   

                  	
                    /s/ Gregory Sudell

                  
	 
      	
                    Title:  Chief
      Financial Officer

                  
	 
      	 
      
	
                    UNITEK
      MIDCO, INC., as Parent

                  
	 
      	 
      
	
                    By

                  	
                    /s/ Gregory Sudell

                  
	 
      	
                    Title:  Chief
      Financial Officer

                  
	 
      	 
      
	
                    ADVANCED
      COMMUNICATIONS USA,

                    LLC,
      as Subsidiary Guarantor

                  
	 
      	 
      
	
                    By

                  	
                    /s/ Gregory Sudell

                  
	 
      	
                    Title:  Chief
      Financial Officer

                  
	 
      	 
      
	
                    DIRECTSAT
      USA, LLC, as Subsidiary
Guarantor

                  
	 
      	 
      
	
                    By

                  	
                    /s/ Gregory Sudell

                  
	 
      	
                    Title:  Chief
      Financial Officer

                  
	 
      	 
      
	
                    FTS
      USA, LLC, as Subsidiary Guarantor

                  
	 
      	 
      
	
                    By

                  	
                    /s/ Gregory Sudell

                  
	 
      	
                    Title:  Chief
      Financial Officer

                  
	 
      	 
      
	
                    UNITEK
      USA, LLC, as Subsidiary Guarantor

                  
	 
      	 
      
	
                    By

                  	
                    /s/ Gregory Sudell

                  
	 
      	
                    Title:  Chief
      Financial Officer

                  
	 
      	 
      
	
                    WTW
      USA LLC, as Subsidiary Guarantor

                  
	 
      	 
      
	
                    By

                  	
                    /s/ Gregory Sudell

                  
	 
      	
                    Title:  Chief
      Financial Officer

                  

          

        

        
          
             

          

          
            
            

            
              

            

          

          
             

          

        

        

        
          
            
              
                	
                        ROYAL
      BANK OF CANADA,

                      
	
                        as
      Administrative Agent and Collateral

                        Agent

                      
	 
      	 
      
	
                        By   

                      	
                        /s/ Gail Watkin

                      
	 
      	
                        Title:  Manger,
      Agency

                      

              

            

          

        

        
          
             

          

          
            
            

            
              

            

          

          
             

          

        

        Initial
Second Lien Lenders

         

        
          
            
              	
                      By   

                    	
                      /s/
      Joesph D. Kestenbaum

                    
	 
      	
                      JOSEPH
      D. KESTENBAUM

                    

            

          

        

         

        
          
            
              
                	
                        UNITEK
      INVESTMENTS, L.P.

                      
	 	 
	
                        By:   

                      	
                        Unitek
      GP, LLC, its general
partner

                      

              

            

          

        

        

        
          
            
              
                
                  	
                          By   

                        	
                          /s/
      Eric L. Blum

                        
	
                          Name:  Eric
      L. Blum

                        
	
                          Title:   
      Chief Executive
Officer

                        

                

              

            

          

        

        
          
             

          

          
            
            

            
              

            

          

          
             

          

        

        

        
          
            
              
                	
                        Accepted
      and Acknowledged:

                      
	 
      	 
      
	
                        PROSPECT
      CAPITAL CORPORATION, as

                        Term
      C Lender

                      
	 
      	 
      
	
                        By   

                      	 
      
	 
      	
                        Title:  President
      and COO

                      

              

            

          

        

        
          
             

          

          
            
            

            
              

            

          

          
             

          

        

        SCHEDULE
I

         

        COMMITMENTS

         

        
          
            
              
                
                  	
                          Name of Initial Lender

                        	 	
                          Term

                          Commitment

                        	 
	
                          Joseph
      D. Kestenbaum

                        	 	$	21,250,000	 
	
                          Unitek
      Investments, L.P.

                        	 	$	3,750,000Unitek
Holdings, Inc.

    First
Amendment To

    Loan
Authorization Agreement

     

    BMO
Capital Markets Financing, Inc.

    Chicago,
Illinois

     

    Ladies
and Gentlemen:

     

    Reference
is hereby made to that certain Loan Authorization Agreement dated as of
September 25, 2007 (the Loan Authorization Agreement as the same may
be amended, restated, amended and restated or otherwise modified from time to
time, being referred to herein as the “Loan Agreement”), between
the undersigned, Unitek Holdings, Inc., a Delaware corporation (the “Company”), and BMO Capital
Markets Financing, Inc. (the “Lender”).  All
capitalized terms used herein without definition shall have the same meanings
herein as such terms have in the Loan Agreement.

     

    The
Company has requested that the Lender increase the amount of Maximum Credit and
make certain other amendments to the Loan Agreement, and the Lender is willing
to do so under the terms and conditions set forth in this agreement (herein, the
“Amendment”).  

     

    
      
        	
                Section
      1.

              	
                Amendments.

              

      

    

    

    Subject to the satisfaction of all of
the conditions precedent set forth in Section 3 below, the Loan Agreement
shall be and hereby is amended as follows:

     

    1.1.      
The amount “$18,000,000” shall be deleted
in each place it appears in the Loan Agreement and shall be replaced with the
amount “$28,000,000”.

     

    1.2.      
Exhibit A of the Loan Agreement shall be amended and restated in its entirety in
the form of Exhibit A attached hereto.

     

    
      
        	
                Section
      2.

              	
                New
      Note.

              

      

    

     

    In
replacement for that certain Demand Note payable to the order of BMO Capital
Markets Financing, Inc. dated as of September 25, 2007 in the
principal amount of $18,000,000.00 (the “Previous Note”), the Company
shall execute and deliver to the Lender a new demand note in the amount of
$28,000,000.00, dated as of the date of its issuance and otherwise in the form
of Exhibit A attached hereto (the “New Note”) which shall be
substituted for the Lender’s Previous Note and shall evidence the loans
outstanding to the Lender.  All references in the Loan Agreement and
in any other Loan Document to the Previous Note shall be deemed references to
the New Note.  The Lender shall return the Previous Note to the
Company.

     

    
      First
Amendment to Loan Authorization Agmt

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      
        	
                Section
      3.

              	
                Conditions
      Precedent.

              

      

    

     

    3.1.      
The Company and the Lender shall have executed and delivered this Amendment and
the Lender shall have received the executed New Note.

     

    3.2.      
The Lender shall have received copies (executed or certified, as may be
appropriate) of all legal documents or proceedings taken in connection with the
execution and delivery of this Amendment to the extent the Lender or its counsel
may reasonably request.

     

    3.3.      
Legal matters incident to the execution and delivery of this Amendment shall be
satisfactory to the Lender and its counsel.

     

    3.4.      
The Company shall have paid to the Lender an amendment fee in the amount of
$25,000.

     

    3.5.      
Sector Performance Fund, LP and SPF SBS LP shall each have executed and
delivered to the Lender its Acknowledgement and Consent to this Amendment in the
form set forth below and its First Amendment to Guaranty.

     

    
      
        	
                Section
      4.

              	
                Representations.

              

      

    

     

    In order
to induce the Lender to execute and deliver this Amendment, the Company hereby
represents to the Lender that as of the date hereof the representations and
warranties set forth in the Loan Agreement are and shall be and remain true and
correct, except to the extent such representations and warranties expressly
relate to an earlier date, in which case they shall be true and correct as of
such earlier date, and the Company is in compliance with the terms and
conditions of the Loan Agreement.

     

    
      
        	
                Section
      5.

              	
                Miscellaneous.

              

      

    

     

    5.1.      
Except as specifically amended herein, the Loan Agreement shall continue in full
force and effect in accordance with its original terms.  Reference to
this specific Amendment need not be made in the Loan Agreement, the Note, or any
other instrument or document executed in connection therewith, or in any
certificate, letter or communication issued or made pursuant to or with respect
to the Loan Agreement, any reference in any of such items to the Loan Agreement
being sufficient to refer to the Loan Agreement as amended hereby.

     

    5.2.      
This Amendment may be executed in any number of counterparts, and by the
different parties on different counterpart signature pages, all of which taken
together shall constitute one and the same agreement.  Any of the
parties hereto may execute this Amendment by signing any such counterpart and
each of such counterparts shall for all purposes be deemed to be an
original.  This Amendment shall be governed by the internal laws of
the State of New York, without regard to the conflict of laws principles
thereof.

     

    [Signature
Page to Follow]

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

     

    This
First Amendment to Loan Authorization Agreement is entered into as of this ___
day of March, 2008.

     

    
      
        
          
            
              
                	 	
                        Unitek
      Holdings, Inc.

                      
	 	 
	 	
                        By:

                      	
                        /s/ David W. Knickel

                      
	 	
                        Printed
      Name: David W. Knickel

                      
	 	
                        Its:
      Vice President, Chief Financial Officer and

                        Secretary

                      

              

            

          

        

      

    

     

    Accepted
and agreed to this 24th day of March, 2008.

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  	 	
                                          BMO
      Capital Markets Financing, Inc.

                                        
	 	 
	 	
                                          By:

                                        	 
      	 
      
	 	 
      	
                                          Printed
      Name:

                                        	 
      
	 	 
      	
                                          Its:

                                        	 
      	 
      

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

    Guarantors’
Acknowledgement and Consent

     

    The
undersigned, Sector Performance Fund, LP and SPF SBS LP heretofore each executed
and delivered to the Lender a Guaranty dated September 25, 2007 (as
may be amended, restated, amended and restated or otherwise modified from time
to time, each individually, a “Guaranty” and collectively,
the “Guaranties”).  The
undersigned hereby consent to the Amendment to the Loan Agreement as set forth
above and confirms that the respective Guaranties and all of the undersigned’s
obligations thereunder remain in full force and effect.  The
undersigned further agree that the consent of the undersigned to any further
amendments to the Loan Agreement shall not be required as a result of this
consent having been obtained, except to the extent, if any, required by the
Guaranties.

    

    
      
        
          
            
              
                
                  
                    
                      
                        	 	
                                Sector
      Performance Fund, LP

                              
	 	 
	 	
                                By:

                              	
                                Sector
      Performance GP, LP, its

                              
	 	 
      	
                                general
      partner

                              
	 	 	 
	 	
                                By:

                              	
                                Sector
      Performance LLC, its

                              
	 	 
      	
                                general
      partner

                              
	 	 	 
	 	
                                By:

                              	
                                /s/David
      W. Knickel

                              
	 	
                                Printed
      Name: David W. Knickel

                              
	 	 
      	
                                Its:  Vice
      President, Chief Financial

                                Officer
      and Secretary

                              
	 	 
      	 
      
	 	
                                SPF
      SBS LP

                              
	 	 
	 	
                                By:

                              	
                                Sector
      Performance LLC, its

                              
	 	 
      	
                                general
      partner

                              
	 	 	 
	 	
                                By:

                              	
                                /s/
      David W. Knickel

                              
	 	
                                Printed
      Name: David W. Knickel

                              
	 	 
      	
                                Its:  Vice
      President, Chief Financial

                                Officer
      and
Secretary

                              

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Exhibit
A

     

    Replacement
Demand Note

    

    
      
        	
                $28,000,000.00

              	
                March
      ___, 2008

              

      

    

     

    On
Demand, for value received, the undersigned, Unitek Holdings, Inc., a Delaware
corporation, promises to pay to the order of BMO Capital Markets Financing, Inc.
(the “Lender”) at its
offices at 115 South LaSalle Street, Chicago, Illinois, the principal sum of
Twenty-Eight Million and 00/100 Dollars ($28,000,000.00) or, if less, the
principal amount of Loans outstanding under the Loan Authorization Agreement
referred to below together with interest payable at the times and at the rates
and in the manner set forth in the Loan Authorization Agreement referred to
below.

     

    This Note
evidences borrowings by and other extensions of credit for the account of the
undersigned under that certain Loan Authorization Agreement dated as of
September 25, 2007, between the undersigned and the Lender, as
amended, restated, amended and restated or otherwise modified from time to time;
and this Note and the holder hereof are entitled to all the benefits provided
for under the Loan Authorization Agreement, to which reference is hereby made
for a statement thereof.  The undersigned hereby waives presentment
and notice of dishonor.  The undersigned agrees to pay to the holder
hereof all court costs and other reasonable expenses, legal or otherwise,
incurred or paid by such holder in connection with the collection of this
Note.  It is agreed that this Note and the rights and remedies of the
holder hereof shall be construed in accordance with and governed by the laws of
the State of New York, without giving effect to the conflict of laws principle
thereof.

     

    This Note
is issued in substitution and replacement for, and evidences all of the
indebtedness previously evidenced by, that certain Demand Note of Unitek
Holdings, Inc. dated as of September 25, 2007, payable to the Lender
in the face principal amount of $18,000,000.

     

    
      
        
          
            
              	 	
                      Unitek
      Holdings, Inc.

                    
	 	 
	 	
                      By:

                    	 
      
	 	
                      Printed
      Name: David W. Knickel

                    
	 	
                      Its:
      Vice President, Chief Financial Officer and

                      Secretary

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