Document:

exv10w1

Exhibit 10.1

AMENDMENT

TO THE PROCUREMENT FRAMECONTRACT

REFERENCED AIRBUS/MAT/CON/353

	 		 		 
	EADS Deutschland GmbH. 2010. 	 	July 2010

Confidential and proprietary document

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This amendment is entered into on this 20th day of July 2010 (“the Amendment”),

between

EADS Deutschland GmbH

Postfach 80 11 60

81663 Munich

GERMANY

A German company with limited liability having a share capital of twenty-eight million, seven
hundred and thirty-eight thousand Euros (€28,738,000), whose office is located in Munich
registered in the Munich Trade and Company Register under HRB 107 648 Amtsgericht Munchen and whose
national V.A.T. identification number is DE 167015661 (“Purchaser”), represented by Klaus Richter
and Eric Zanin duly empowered by EADS Deutschland GmbH, acting respectively in their capacities of
Airbus Executive Vice President Procurement, and Senior Vice President Material and Detailed Parts
Procurement.

and,

RTI International Metals, Inc.

Westpointe Corporate Center One

1550 Coraopolis Heights Road, Suite 500

Pittsburgh, Pennsylvania 15108-2973, U.S.A.

RTI International Metals, Inc., with headquarters located at the address above, incorporated
under the laws of the State of Ohio (the “Supplier”).

Represented by Dawne S. Hickton in her capacity as Vice Chair, President & Chief Executive Officer
and by David Hall in his capacity as Senior Vice President — Integrated Value Chain

hereafter referred to collectively as Parties and individually as Party

	 		 		 
	EADS Deutschland GmbH. 2010. All rights reserved	 	July 2010

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Amendment

To Contract N° AIRBUS/MAT/CON/353 dated 9 May 2006

WHEREAS,

	(A)	 	The Purchaser and the Supplier entered into the Procurement Frame Contract referenced above
and all its amendments 1 to 8 (the “Contract”)
	 
	(B)	 	The Purchaser and the Supplier expressed their willingness to supplement the Contract and
agreed to record the additions or modifications to certain terms and conditions of the
Contract.

NOW, THEREFORE, IT IS AGREED AS FOLLOWS:

	1.	 	AMENDMENTS TO THE CONTRACT
	 
	 	 	For the purpose of clarification and ease of administration, the Parties have agreed to
establish an amended and restated procurement frame contract (the “Amended and Restated
Procurement Frame Contract”) incorporating the additions and modifications agreed by the
Parties which shall cancel and replace the Contract.
	 
	 	 	The executed version of the Amended and Restated Procurement Frame Contract is attached to
this Amendment.
	 
	2.	 	EFFECTIVE DATE AND DURATION
	 
	 	 	Whatever the date of its signature, this Amendment shall be deemed to have retroactively
entered into force on January 1st, 2010 (“the Amendment Effective Date”) and,
unless otherwise agreed upon in writing by the Parties through a subsequent amendment to the
Contract, shall remain in full force and effect in respect of each Contract. Upon the
Amendment Effective Date this Amendment shall become an integral part of the Contract and
shall remain so for the duration of the Contract, unless subsequently superseded by a further
amendment.
	 
	3.	 	APPLICABLE LAW — JURISDICTION
	 
	 	 	With respect to the Contract it amends, in particular article 28.1 of the Contract, any
dispute arising out or in connection with this Amendment shall be settled in accordance with
the provisions of Article 29 (called “Applicable Law and Settlement of Disputes”) of the
Amended and Restated Procurement Frame Contract which shall apply mutatis mutandis to this
Amendment.

	 		 		 
	EADS Deutschland GmbH. 2010. All rights reserved	 	July 2010

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IN WITNESS WHEREOF, the duly appointed representatives of the Parties have executed this Amendment
on the day and year first above written in two (2) original copies, each of them keeping one of
these copies.

SIGNATURES

FOR THE PURCHASER:

	 	 	 	 	 	 	 	 	 	 	 
	By:	 	/s/ Klaus Richter	 	By:	 	/s/ Eric Zanin
	 	 	 	 	 	 	 
	 

	 	Name:

Title:
	 	Klaus Richter

Executive Vice President Procurement Airbus
	 	 	 	Name:

Title:
	 	Eric Zanin 

Senior Vice President Material and Detailed Parts Procurement — Airbus
	 
	 	 	 	 	 	 	 	 	 	 
	FOR THE SUPPLIER:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:	 	/s/ Dawne S. Hickton	 	By:	 	 /s/ David Hall
	 	 	 	 	 	 	 
	 

	 	Name:

Title:
	 	Dawne S. Hickton 

Vice Chair, President & Chief Executive Officer
	 	 	 	Name:

Title:
	 	David Hall 

Senior Vice President — Integrated Value Chain

	 		 		 
	EADS Deutschland GmbH. 2010. All rights reserved	 	July 2010

Confidential and proprietary document

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CONFIDENTIAL AND PROPRIETARY

	 	 	 

	

	 	

Amended and Restated

Procurement Frame Contract

Ref.: EADS/Airbus/MAT/CON/353/2010

between

EADS Deutschland GmbH

Postfach

81663 Munich / Germany

and

RTI International Metals, Inc.

Westpointe Corporate Center One

1550 Coraopolis Heights Road, Suite 500

Pittsburgh, Pennsylvania 15108-2973, U.S.A.

For the Development, Manufacture and Supply of

Titanium products

	 		 		 
	
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CONFIDENTIAL AND PROPRIETARY

This Amended and Restated Procurement Frame Contract dated .20 July 2010 (“the Contract”)

Between

EADS Deutschland GmbH

Postfach 80 11 60

81663 Munich

GERMANY

A German company with limited liability having a share capital of twenty-eight million, seven
hundred and thirty-eight thousand Euros (€28,738,000), whose office is located in Munich registered
in the Munich Trade and Company Register under HRB 107 648 Amtsgericht Muenchen and whose national
V.A.T. identification number is DE 167015661 (hereinafter referred to as “EADS Deutschland GmbH”),

acting for and on behalf of the Beneficiary Companies (as defined hereafter), represented by Klaus
Richter and Eric Zanin, duly empowered by EADS Deutschland GmbH, acting respectively in their
capacities of Airbus Executive Vice President Procurement, and Airbus Senior Vice President
Material and Detailed Parts Procurement

on the one hand

and

RTI International Metals, Inc.,

Westpointe Corporate Center One

1550 Coraopolis Heights Road, Suite 500

Pittsburgh, Pennsylvania 15108-2973, U.S.A.

RTI International Metals, Inc., with headquarters located at the address above, incorporated under
the laws of the State of Ohio, on behalf of itself and the RTI Subsidiaries (as defined hereafter),

Represented by Dawne S. Hickton in her capacity as Vice Chair, President & Chief Executive Officer
and by David Hall in his capacity as Senior Vice President – Integrated Value Chain.

Hereinafter referred to as the “Supplier”

EADS Deutschland GmbH and the Supplier being collectively referred to as the “Parties” or
individually as “Party”.

	 		 		 
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CONTENTS

	 	 	 	 	 	 	 
	PREAMBLE	 	 	 	 	 	 
	Article 1
	 	TERMINOLOGY	 	 	7	 
	 
	 	 	 	 	 	 
	Article 2
	 	SCOPE OF CONTRACT	 	 	9	 
	 
	 	 	 	 	 	 
	Article 3
	 	EFFECTIVE DATE, DURATION, EXTENSION OF DURATION	 	 	11	 
	 
	 	 	 	 	 	 
	Article 4
	 	APPLICABLE DOCUMENTS	 	 	11	 
	 
	 	 	 	 	 	 
	Article 5
	 	FINANCIAL PROVISIONS	 	 	12	 
	 
	 	 	 	 	 	 
	Article 6
	 	QUALITY	 	 	14	 
	 
	 	 	 	 	 	 
	Article 7
	 	LOGISTICS	 	 	17	 
	 
	 	 	 	 	 	 
	Article 8
	 	COMPLIANCE	 	 	22	 
	 
	 	 	 	 	 	 
	Article 9
	 	DELAY IN DELIVERY	 	 	23	 
	 
	 	 	 	 	 	 
	Article 10
	 	WARRANTIES	 	 	23	 
	 
	 	 	 	 	 	 
	Article 11
	 	MODIFICATIONS 	 	 	24	 
	 
	 	 	 	 	 	 
	Article 12
	 	OFFSET, SALE PROMOTIONS	 	 	25	 
	 
	 	 	 	 	 	 
	Article 13
	 	NOTIFICATION	 	 	26	 
	 
	 	 	 	 	 	 
	Article 14
	 	CIVIL LIABILITY, INSURANCE, CONTRACTUAL LIABILITY	 	 	27	 
	 
	 	 	 	 	 	 
	Article 15
	 	ACCESS TO SUPPLIER’S PREMISES, AUDITS, INFORMATION	 	 	30	 
	 
	 	 	 	 	 	 
	Article 16
	 	PUBLICITY	 	 	31	 
	 
	 	 	 	 	 	 
	Article 17
	 	INTELLECTUAL PROPERTY	 	 	31	 
	 
	 	 	 	 	 	 
	Article 18
	 	CONTRACT AMENDMENT	 	 	32	 
	 
	 	 	 	 	 	 
	Article 19
	 	ASSIGNMENT	 	 	32	 
	 
	 	 	 	 	 	 
	Article 20
	 	TERMINATION	 	 	33	 
	 
	 	 	 	 	 	 
	Article 21
	 	MODIFICATION OF THE SUPPLIER’S LEGAL SITUATION	 	 	35	 
	 
	 	 	 	 	 	 
	Article 22
	 	FORCE MAJEURE	 	 	35	 
	 
	 	 	 	 	 	 
	Article 23
	 	PRECEDENCE	 	 	35	 
	 
	 	 	 	 	 	 
	Article 24
	 	SEVERABILITY	 	 	36	 
	 
	 	 	 	 	 	 
	Article 25
	 	ARTICLES AND PARAGRAPH HEADINGS	 	 	36	 
	 
	 	 	 	 	 	 
	Article 26
	 	ENTIRE AGREEMENT	 	 	36	 
	 
	 	 	 	 	 	 
	Article 27
	 	NON WAIVER	 	 	36	 
	 
	 	 	 	 	 	 
	Article 28
	 	FINANCIAL INFORMATION	 	 	36	 
	 
	 	 	 	 	 	 
	Article 29
	 	APPLICABLE LAW AND SETTLEMENT OF DISPUTES	 	 	36	 

	 		 		 
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APPENDICES:

	 	 	 
	N°	 	TITLE OF APPENDIX
	1

	 	Technical Requirements Specifications
	 
	 	 
	2

	 	Commercial conditions; List of Products, Product Prices and lead-times
	 
	 	 
	3

	 	Logistic Conditions
	 
	 	 
	4

	 	List of Applicable Documents
	 
	 	 
	5

	 	Interchange Agreement
	 
	 	 
	6

	 	List of Beneficiary Companies
	 
	 	 
	7

	 	Sponge
	 
	 	 
	8

	 	Purchaser Enabled Suppliers
	 
	 	 
	9

	 	Untitled
	 
	 	 
	10

	 	Raw Material Supply Contract
	 
	 	 
	11

	 	Compliance Commitment on GRAMS Requirements List (CCGRL)
	 
	 	 
	12

	 	List of RTI Subsidiaries
	 
	 	 
	13

	 	List of existing Individual Cost Reduction Projects

	 		 		 
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RECORD OF CONTRACT AMENDMENTS

	 	 	 	 	 
	 	 	ARTICLE(S)	 	 
	AMENDMENTS	 	MODIFIED	 	PURPOSE OF MODIFICATION
	 
	 	 	 	 

PREAMBLE

	 		 		 
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Whereas:

EADS N.V, the parent company of the EADS Group, has been constituted from various companies with
the aim to achieve optimum performance in all areas including the supply chain, one tool for
improving performance being this frame contract;

EADS Deutschland GmbH, a subsidiary of EADS NV and a member of the EADS Group, is in charge of
coordinating the joint procurement of the EADS group of companies, and has the authority to act on
behalf of the Purchaser (as defined hereafter);

The Purchaser has to face a fluctuating and highly competitive market, implying the maintenance of
its products and services at a high level of competitiveness and quality, and constant adaptation
to the requirements of the Purchaser’s Customers;

The Purchaser wishes to entrust the supply of titanium Products to a professional supplier
specialising in said supply and capable of:

	 	•	 	complying in the long term with the technical, commercial, industrial,
safety, quality and support requirements such as specified by the Purchaser and those
derived from the practices of the aeronautics industry;
	 
	 	•	 	maintaining and constantly improving the competitiveness of its products and
associated services, particularly in terms of quality and of cost and manufacturing /
delivery cycle reduction of said products and associated services;
	 
	 	•	 	operating in an international co-operation framework;
	 
	 	•	 	sharing the risks and constraints inherent in EADS programmes in
consideration of being a strategic supplier and business partner

The Supplier is a leading producer of superior quality titanium mill products and fabricated parts
for the aerospace industry, which as acknowledged above, is a fluctuating and highly competitive
market. The titanium industry in which the Supplier operates is also highly competitive and has
historically operated under cyclical conditions.

The Supplier is subjected to the intense competitive nature of the titanium industry, as well as
the cyclicality and competitiveness of the aerospace industry. Due to the nature of these
industries in which Supplier participates, the impact on Supplier’s business is subject to market
impacts that can significantly affect Supplier’s ability to manufacture its products in an
efficient and effective manner, consistent with good business practices.

The Supplier wishes to more efficiently and effectively manage its manufacturing capabilities by
utilising long-term agreements for the sale of its products such as this Contract in order to
optimise mill performance, raw material ordering and availability, and operations scheduling to
support long-term demand requirements for its products;

The Supplier, having full knowledge of the high level of aeronautics-related requirements in terms
of quality, safety, airworthiness, continuity and competitiveness, has replied favourably to the
Purchaser’s request for proposals and declares, as a professional and specialist of this type of
manufacture, that it possesses the technical potential, know-how and resources necessary to,
develop, manufacture, deliver and support the Products to be supplied to the Purchaser and the
Purchaser Enabled Supplier in this context;

The Purchaser will provide rolling, long-term volume and product mix forecasts against which the
Supplier declares that it has and will have the relevant capacity to manufacture, deliver and sell
the Products in compliance with the terms and conditions of the Contract. In order to meet the
projected requirements hereunder, the Supplier has invested in capacity expansions and is relying
on the benefits of the Contract to support this investment, it being understood that this recital
does not prejudice any of commercial conditions set forth under this Contract.

The Supplier commits to supply all Beneficiary Companies without preference to one or the other at
the best world market levels offered by the Supplier for similar products with similar technical
requirements and similar terms and conditions.

NOW THEREFORE the Parties have agreed as follows:

	 		 		 
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Article 1: TERMINOLOGY

For the purpose of Contract execution and interpretation, the following terms, singular or plural,
shall have the following meanings whenever the first letter of the term is a capital letter:

“Aerospace Related Products”: means

either: aircraft or apparatus or vehicles for launching, supporting or testing such aircraft
including aerial drone aircraft

or: vehicles, instruments or other apparatus capable of operation in the air (inside and/ or
outside the earth’s atmosphere) including manned or unmanned spacecraft or vehicles or apparatus
for launching, supporting or testing the foregoing, and including missiles

or: vehicles or instruments or other apparatus or products intended primarily for use in the
defence area.

“Aviation Authorities” means the official authority having the jurisdiction to approve the design,
manufacture and airworthiness of the aircraft and/or the Aerospace Related Product, including but
not limited to:

	•	 	in France, La Direction Générale de l’Aviation Civile, (“D.G.A.C.”);
	 
	•	 	in the United Kingdom, The Civil Aviation Authority (“C.A.A.”);
	 
	•	 	in Germany, Das Luftfahrtbundesamt (“L.B.A.”);
	 
	•	 	in Spain, La Direccion de Aviacion Civil (“D.A.C.”);
	 
	•	 	In Europe, the European Aviation Safety Agency (“E.A.S.A”);
	 
	•	 	in the United States of America, the Federal Aviation Administration (“F.A.A.”);
	 
	•	 	any other relevant aviation authority;
	 
	•	 	any successor of the above-mentioned authorities;

“Beneficiary Companies” means the EADS NV group companies listed in Appendix 6 (list of Beneficiary
Companies), which may place Procurement Orders under the Contract.

“Business Day” shall mean any day other than Saturday, Sunday, or legal holiday in the United
States of America.

“Calendar Day” shall mean the consecutive days of the week or month without regard to Saturdays,
Sundays or legal holidays.

“Change in Law” means any change to any applicable laws, statutes, orders, rules, provisions,
regulations, directives and guidelines which have legal effect, whether local, national,
international or otherwise existing from time to time, including all Aviation Authority rules,
requirements, standards and guidelines;

“ConBid” means the activities of the Purchaser to amalgamate the Beneficiary Companies and
Purchaser Enabled Suppliers’ Product needs, as notified in writing to Purchaser, into a format
communicated to the Supplier;

“Contract” means this document, all the Appendices hereto, as well as its Amendments as and when
applicable.

“Counter-Acceptance” means inspection by the Purchaser or the Beneficiary Company or the Purchaser
Enabled Supplier placing the Procurement Order, of the apparent Product conformity, performed after
delivery to a Plant. The Counter-Acceptance is a right of the Purchaser or the Purchaser Enabled
Supplier which does not prejudice in any manner whatsoever the right of recourse for faulty
workmanship and/or hidden defects detected on the Product, the warranty and/or other liabilities.

“Customer” means the Aerospace Related Product end user(s), whether buyers or lessees.

“Defect” has the meaning defined by standard ISO 9000:2005.

“Delivery Date” means the date of delivery of the Product to the place of delivery specified in the
Procurement Order.

“Delivery Schedule” has the meaning set out in Article 7.1.1 (Leadtimes / Delivery Schedule)
hereto;

	 		 		 
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“EDI” Electronic Data Interchange. EDI consists in the transfer between two computer systems of
data structured according to an approved standard, organised in machine-readable message format,
which can be processed automatically only in one possible way in compliance with legal
requirements, as further defined in the Interchange Agreement to be agreed to upon request of the
Purchaser. Or “Web-EDI” in the case of transmission performed via Internet (Web Server and Browser)
in compliance with the definition given in the Interchange Agreement.

“GRAMS” means the document entitled “General Requirements for Aerostructure and Material Suppliers.
incorporated by reference in Appendix 4 (List of Applicable Document);

“List of Applicable Documents” or “List” means the documents listed in Article 4 (Applicable
Documents) and Appendix 4 (List of Applicable Documents), applicable to Product, definition,
manufacture, delivery and support.

“Market Share” means the percentage by weight of the Purchaser’s, and the Purchaser Enabled
Supplier’s actual Needs for Product for delivery and/or storage within a calendar year, such
percentage being defined in Appendix 2.

“Needs for Product” means the requirements for Products from the Purchasers and the Purchaser
Enabled Suppliers for the purpose of the production, including storage requirements, if any, of
Aerospace Related Products, as notified each year to the Purchaser and aggregated by the Purchaser
through the ConBid process.

“NCD” means the Non Conformity or Default as defined in standard ISO 9000:2005.

“Non Conformity” has the meaning defined by 9000:2005 as referenced in GRAMS.

“Plant” means the Beneficiary Company’s or Purchaser Enabled Supplier’s Plant indicated in the
Procurement Order.

“Procurement Order” or “Order” means the document called procurement order or purchase order or
call-off or delivery schedule or equivalent designation issued by the Purchaser or Purchaser
Enabled Suppliers, to order Products in accordance with the Contract and transmitted to the
Supplier according to the provisions of Article 7 (Logistics).

“Product” the type of product, as listed within part of Appendix 2 hereto, and associated services
(“Service”) such as but not limited to storage, distribution, cutting, to be delivered / performed
by the Supplier upon issuance of a Procurement Order, in pursuance of this Contract.

“Purchaser” means either EADS Deutschland GmbH or any of the Beneficiary Companies as the case
maybe.

“Purchaser Enabled Supplier” means any supplier of the Purchaser which the Purchaser and Supplier
have mutually agreed in writing to take advantage of the conditions of this Contract based on
similar service levels for Products listed in Appendix 2 (List of Products, Product Prices and
lead-times), as listed in Appendix 8 (Purchaser’s Enabled Suppliers) in accordance with Article
2.4.

“RTI Subsidiaries” mean the list of subsidiaries of RTI International Metals, Inc. set forth in
Appendix 13 as such appendix may be updated from time to time.

“Sponge” means titanium sponge.

“Technical Requirement Specifications” means the document(s) listed in Appendix 1 and/or identified
in the Procurement Order, defining the Product in terms of technical requirements, including but
not limited to Drawings / Part Number, Airbus Material Specifications, Airbus Specifications and
Individual Product Specifications.

	 		 		 
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Article 2: SCOPE OF CONTRACT

	2.1	 	Object

This Contract, negotiated in good faith between the Parties, sets out the terms and conditions
under which the Purchaser and/or Purchaser Enabled Suppliers may issue Procurement Orders to the
Supplier, and the Supplier shall execute such Procurement Orders, with respect to the development,
manufacture and supply of the Products.

This Contract does not grant nor does it imply, nor shall it be construed as implying to grant a
guarantee of exclusivity of supply of the Product by the Supplier to the Purchaser and/or to the
Purchaser Enabled Suppliers.

	2.2	 	Scope of Contract
	 
	2.2.1	 	The Parties hereby agree that certain terms and conditions of the Contract shall also be
applicable to the Purchaser Enabled Suppliers in accordance with the provisions of Article 2.4
hereof. Therefore, the Supplier hereby agrees that the rights and obligations of this
Contract are enforceable directly against the Supplier by the Purchaser and the Purchaser
Enabled Suppliers.
	 
	2.2.2	 	The Supplier shall certify, manufacture, supply and/or support the Product in accordance
with the provisions of this Contract and the applicable Technical Requirement Specification
and the other Applicable Documents (as defined in Article 4 below).
	 
	2.2.3	 	The Supplier shall apply the same price, lead time and quality conditions as those
applicable under the Contract to the Purchaser and the Purchaser Enabled Suppliers placing
Procurement Orders for Product or Service in pursuance of an Aerospace Related Product
Programme. All Procurement Orders placed under this Contract shall prominently reference this
Contract.
	 
	2.2.4	 	For the avoidance of doubt, the execution of this Contract by EADS Deutschland GmbH or by
RTI International Metals, Inc. on this basis does not imply, nor shall it be construed as
implying, that (i) the Purchaser, the Beneficiary Companies or Purchaser Enabled Suppliers on
the one hand or (ii) Supplier or its RTI Subsidiaries on the other hand, are or shall be
jointly and severally liable for the performance of this Contract or any Procurement Order.
	 
	2.3	 	Capacity / Market Share
	 
	2.3.1	 	The Purchaser shall and/or shall direct the Purchaser Enabled Suppliers to place Orders for
delivery of Product in years 2010 and 2011 as per Appendix 2.
	 
	2.3.2	 	From 2012 onwards and for certain Products identified in Appendix 2, the Purchaser shall
and/or shall direct the Purchaser Enabled Suppliers to purchase Products from the Supplier in
quantities corresponding in total (not on a Product-by-Product basis) to the Market Share
commitment as agreed in Appendix 2.
	 
	2.3.3	 	To assist the Supplier in managing its manufacturing capacity planning, the Purchaser shall
provide to the Supplier on an annual basis, an eighteen (18) month forecast of the annual
Product requirements. The Purchaser will update such forecast if necessary in case of
significant changes. The Supplier and the Purchaser or the Supplier and the Purchaser Enabled
Supplier, as appropriate, will meet on a regular basis to improve visibility on forecasted
demand in order to shorten the Product leadtime.
	 
	2.3.4	 	The Supplier hereby recognises that the Purchaser and the Purchaser Enabled Suppliers actual
needs within a calendar year for Products may fluctuate depending on changes to the production
programme and the market fluctuations for the applicable Aerospace Related Product. Except as
set forth in Article 2.3.1 and without prejudice to Article 2.3.2, the Purchaser and the
Purchaser Enabled Suppliers shall be under no obligation to purchase all or any volumes shown
in any forecast provided to the Supplier and, in particular, nothing in the Contract shall be
interpreted as placing any obligation on the Purchaser and the Purchaser Enabled Suppliers to
procure a minimum volume of Product in any calendar year or, in the aggregate, over the
duration of the Contract.

	 		 		 
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	2.3.5	 	The Purchaser and the Purchaser Enabled Suppliers shall be discharged of their respective
obligations to purchase Products as per Article 2.3.1 and 2.3.2 in the event, and only in the
case of (i) and (ii) during the time period, that:

	 	(i)	 	the Supplier is in breach (excepting any breach that does not have a material
adverse effect on the Purchaser or the Beneficiary Companies where material adverse
effect is agreed to mean i) the inability of Purchaser or the Purchaser Enabled Supplier
to meet its obligations to Customer(s) resulting in penalties or other actual direct
damages or ii) more generally where the Purchaser or the Purchaser Enabled Supplier
incur direct costs or direct damages; as a direct result of Supplier’s breach) of any
obligation under this Contract or any existing Order in relation to the relevant Product
and/or any Aerospace Related Product support; or; or
	 
	 	(ii)	 	a Purchaser or the Supplier is affected by a Force Majeure event in accordance
with Article 21 (Force Majeure); or
	 
	 	(iii)	 	EADS Deutschland GmbH has given notice to terminate this Contract in accordance
with Article 19.

	2.3.6	 	The Supplier shall ensure that manufacturing capacity is and remains available to support
the Purchaser and Purchaser Enabled Supplier forecasted requirements covered by this Contract
and any associated Procurement Orders.
	 
	2.4	 	Purchaser’s Enabled Suppliers

The Supplier agrees, if required in writing by the Purchaser, to enter into contractual
arrangements with the Purchaser Enabled Suppliers and to apply the same prices, lead times and
quality conditions as are set out in this Contract to its commercial relationship with such
Purchaser Enabled Suppliers. The Purchaser Enabled Suppliers will place their own Orders in
accordance with the terms of this Contract pursuant to the Aerospace Related Product programme or
any programme to which the Product relates.

The terms of the enablement process of Product shall be as follows:

	2.4.1	 	The Purchaser and the Supplier have agreed prices, leadtimes and other commercial conditions
applicable to supply of all Product covered by this Contract.
	 
	2.4.2	 	The Purchaser shall issue to the Supplier, through this Contract, details of its Purchaser
Enabled Suppliers who shall be required to order Product covered by this Contract from the
Supplier. The Purchaser Enabled Suppliers as have been agreed between the Purchaser and the
Supplier for inclusion in the Contract are detailed in Annex 8 hereto. This Annex may be
updated from time to time to include new or delete existing Purchaser Enabled Suppliers by
mutual agreement between the Purchaser and the Supplier.
	 
	 	 	The Supplier shall not unreasonably refuse to incorporate additional Purchaser’s supplier(s)
as Purchaser Enabled Supplier as may be requested by the Purchaser. In case of refusal, the
Supplier shall have the obligation to provide reasonable substantiation to the Purchaser.
	 
	2.4.3	 	The Purchaser shall provide to the Supplier a bill of materials detailing, on a case-by-case
basis, the Product required for each Enabled Supplier. This information shall be provided via
the currently utilised ConBid allocation notification format. Individual Purchaser Enabled
Supplier work package requirements shall be allocated a specific number (the “Work Package
Number”) and these shall be detailed via the current ConBid allocation notification format.
	 
	2.4.4	 	The prices and leadtimes detailed in Appendix 2 hereto shall apply to all Product ordered,
whether such order is initiated by the Purchaser or a Purchaser Enabled Supplier.
	 
	2.4.5	 	Where delivery requirements and associated costs, specific to an individual Purchaser
Enabled Supplier, are required these shall be negotiated and agreed between the Purchaser and
the Supplier and the relevant details incorporated in Appendix 2 hereto. All associated costs
shall be for the account of the affected Purchaser Enabled Supplier.
	 
	2.4.6	 	Orders may be issued to the Supplier by either the Purchaser or Purchaser Enabled Suppliers
in accordance with the terms of this Contract. In any event Orders shall detail Product
requirements in terms of part number (where applicable), Work Package Number, description,
specification, quantity, Delivery Dates and price. Where Orders are placed on the Supplier by
a Purchaser Enabled Supplier, payment for Product delivered in accordance with such Orders
shall be the responsibility of and for the account of the Purchaser Enabled Supplier. For the
avoidance of doubt, the obligations and liabilities of the Purchaser and the Supplier under
this Contract shall in no way be affected by the purchasing of enabled Product by a Purchaser
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	 	 	Purchaser shall in no event be liable for the performance of the
Purchaser Enabled Supplier vis-a-vis the Supplier.
	 
	2.4.7	 	In the event that the Supplier believes that any of the Enabled Suppliers are not
calling-off Product against this Contract the Supplier shall notify the Purchaser who will
undertake an investigation to resolve the situation as required.
	 
	2.4.8	 	The terms of this Article 2.4 shall be reflected in the contracts in place between the
Purchaser and the Enabled Suppliers.
	 
	2.4.9	 	With the exception of Article 3 (Effective Date, Duration, Extension of Duration) and
Article 19 (Termination) and the Article 5 (Financial Provisions) related to agreement of the
prices of the Products as defined in Appendix 2, Purchaser Enabled Suppliers shall be entitled
to invoke all the terms of this Contract in so far as they relate to the Product covered by
and called-off against this Contract.
	 
	2.4.10	 	In the unlikely event that a Purchaser Enabled Supplier’s payment performance is
consistently unacceptable to the Supplier in relation to Product supplied in good faith in
accordance with the terms of this Contract, the Supplier shall be entitled to approach the
relevant Purchaser to jointly review such issues and decide whether it is appropriate to
continue with the enablement process of Product to such Purchaser Enabled Supplier or whether
alternative supply arrangements are required. However, the Supplier shall be obligated to
demonstrate to the relevant Purchaser all such alleged financial performance issues and
actions undertaken to resolve such issues directly with the applicable Purchaser Enabled
Supplier. If following such joint review, payment performance of such Purchaser Enabled
Supplier has not been resolved or is not anticipated to be resolved within a reasonable
timeframe, Supplier shall be entitled to reject any outstanding or future Procurement Orders
from such Purchaser Enabled Supplier. If such rejected Procurement Orders were part of the
Market Share commitment set forth in Appendix 2 then the Supplier agrees that the Market Share
commitment shall be reduced by the same value than the rejected Procurement Order and the
Purchaser shall bear no liability whatsoever in connection thereof.

Article 3: EFFECTIVE DATE, DURATION, EXTENSION OF DURATION

	3.1	 	Effective Date and Duration

This Contract shall retroactively take effect, be valid and binding upon the Parties on the
1st day of January 2010 and remain valid until 31st day of December 2020 and
shall continue to govern any Order placed before the date of expiration or termination of this
Contract.

3.2 Extension of Duration

Any extension of the duration of this Contract will be formalised by an amendment to this Contract
signed by duly authorised representatives of each of the Parties.

Notwithstanding the foregoing, the rights and obligations of each Party, the Purchaser and the
Purchaser Enabled Supplier which shall remain in force after the date of expiration or termination
of this Contract include, but are not limited to, those contained in Article 10 (Warranties),
Article 13 (Civil Liability, Insurance) Article 16 (Intellectual Property), Article 15 (Publicity),
and Article 28 (Applicable Law and Settlement of Disputes).

Article 4: APPLICABLE DOCUMENTS

	4.1	 	List of Applicable Documents and Management of Document Changes

In addition to the documents listed in Appendix 4 (List of Applicable Documents), the documents
below shall be considered as applicable documents (“Applicable Documents”):

	(i)	 	the Appendices to this Contract;
	 
	(ii)	 	the documents transmitted by the Purchaser and necessary to the Supplier to comply with the
specific manufacturing conditions imposed by the Purchaser, in particular the documents
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	(iii)	 	national or international standards and legal or regulatory documents; all relevant
documents specific to the activity and tasks under Supplier’s responsibility. The Supplier is
responsible for:

	 	(a)	 	obtaining from the publishers the national and international standards and all
documents of a legal or regulatory nature;
	 
	 	(b)	 	for complying with all such Applicable Documents; and
	 
	 	(c)	 	for applying all revisions of such documents.

The supplemental List of Applicable Documents is given in Appendix 4 (List of Applicable
Documents).

Any addition of a new document to the Applicable Documents List, or modification of the said List,
will be notified to the Supplier by the submission of an amendment and an update of the List, in
two (2) original copies, signed by the Purchaser. Except in the case of disagreement, the Supplier
undertakes to return one (1) of the signed copies to the Purchaser. The above mentioned
modification shall be applicable upon receipt of the signed copy by the Purchaser.

The date of signing of the amendment will be regarded as date of revision of the List.

Applicable Documents and associated updates provided by the Purchaser shall be transmitted to the
Supplier by way of electronic transmission. In this case, if the List has not been updated and no
objection is received from the Supplier within ten (10) Business Days following its transmission,
the new issue of the said Documents shall be applicable at the end of the said period.

Unless otherwise agreed between the Parties, the Supplier undertakes to comply with the
recommendations included in the said Applicable Documents and their updates, and to apply these
documents at their latest issue.

	4.2	 	Persons Responsible for Applicable Documents

The Purchaser shall appoint a person responsible for ensuring delivery to the Supplier of the
Applicable Documents and associated updates, and shall communicate his/her name to the Supplier.

The Supplier shall appoint a person responsible for:

	(i)	 	receiving all Applicable Documents;
	 
	(ii)	 	distributing them to the different Supplier’s in-house departments or services; and
	 
	(iii)	 	storing them under the conditions set forth in Article 18.1 (Assignment)
and shall communicate his/her name to the Purchaser.

Article 5: FINANCIAL PROVISIONS

	5.1	 	Price

The Product prices, specified in Appendix 2, are DDU Incoterms 2000 to any destination within North
America, the United Kingdom, China or mainland Europe specified by the Purchaser or the Purchaser
Enabled Supplier. Such prices are inclusive of all taxes (excluding any applicable import duties or
value added taxes), firm, fixed and non revisable under this Contract, except in the following
cases:

	(i)	 	price revisions relating to Product technical modifications requested and approved by the
Purchaser;
	 
	(ii)	 	price reductions agreed by the Supplier and the Purchaser in pursuance of the provisions
defined in Article 5.3 (Cost Reductions) and Appendix 2;
	 
	(iii)	 	delivery surcharge, to be agreed on a case-by-case basis, to destinations outside of North
America, the United Kingdom, China or mainland Europe.

The price of each Product includes in particular all expenses relating to Product delivery,
especially packing, packaging and transport of the Products to the place of delivery, as well as
all taxes (excluding value added taxes), duties (except import duties), fees or other related
contributions applicable in the Supplier’s country of origin which shall be borne by the Supplier
and are in consideration of the minimum shipment quantities of one thousand kilograms (1,000 kg)
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kilograms (500 kg) for all other Products or as
otherwise set forth in Appendix 2.

For the Products ordered by the Purchaser and the Purchaser Enabled Supplier until 31 December
2011, the Supplier shall be responsible for the costs associated with the procurement of Sponge
through the enablement process from the Purchaser’s allocated Sponge supplier as detailed in
Appendix 10 (Raw Material Supply). Sponge shall be supplied in accordance with the Supplier’s
Sponge Specification and the Supplier defined packaging, transportation and logistics requirements.
        . The costs of such Sponge procurement activities are incorporated within the Product prices
detailed in Appendix 2 and the Purchaser shall not be liable for any additional costs incurred
unless agreed in writing between the Supplier and the Purchaser.

For Orders placed for Product from 2012 onwards, the Purchaser shall have no obligation to enable
the Supplier for the procurement of the related Sponge and the Supplier shall be responsible to
purchase Sponge from its own source of supply. The costs of such Sponge procurement activities are
incorporated within the Product prices detailed in Appendix 2 and the Purchaser shall not be liable
for any additional costs that may be incurred by the Supplier in connection with the procurement of
Sponge.

	5.2	 	Currency

The currency used for invoicing and payment purposes is the United States Dollar ($US).

	5.3	 	Cost Reductions / Competitiveness
	 
	5.3.1	 	Cost Reduction

The Supplier and the Purchaser shall work together in a proactive way to develop cost reductions
through continuous improvement activities. Individual Cost Reduction projects made by mutual
agreement between the Supplier and the Purchaser, will detail a minimum target two percent (2%) of
savings and timescales for completion as per Appendix 14. In particular, the Supplier and the
Purchaser agree to proactively and continuously mutually review any cost and price reduction
opportunities that may arise from the enablement of the Supplier for raw material such as but not
limited to Sponge and/or titanium ingots or from a change in industrial footprint or optimization
of manufacturing set-up of the Supplier.

5.3.2 Competitiveness

The Purchaser and the Supplier recognise that the acquisition, development, operating and other
costs arising in connection with the development and supply of the Product will have a direct
impact on the ultimate selling price of the Aerospace Related Product. In consideration of the
benefit the Supplier is likely to obtain from its participation in this programme, the Supplier
shall, throughout the life of this Contract, consistently use its reasonable best efforts:

	(i)	 	to maximise the quality and efficiency of the Product; and
	 
	(ii)	 	to minimise the acquisition, development, manufacturing, operating and other costs which
arise in connection therewith.

The Supplier’s competitiveness shall be measured periodically by the Purchaser in accordance with
the following target criteria agreed between the Supplier and the Purchaser which will be the
subject of an annual review between the Parties:

	a.	 	Industrial Performance

The quality of Product and services, reliability of deliveries, reduction of contractual and
industrial cycles, tight physical flows and productivity.

	b.	 	Technical Competitiveness

The contribution to Product improvement via the use of technologies and processes.

	5.4	 	Invoicing

Except in the case of EDI transmission, the Supplier’s invoices shall be issued in three (3)
original copies:

	(i)	 	two (2) copies of which shall be sent “For the Attention of the Accounts Department” of the
Plant of the Purchaser or the Purchaser Enabled supplier issuing the Procurement Order;
	 
	(ii)	 	the third copy shall be sent imperatively with the Product shipping documents.

	 		 		 
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Each invoice shall bear:

	(i)	 	the designation, reference and quantity of the Products delivered, the reference number(s) of
each Procurement Order;
	 
	(ii)	 	the names and addresses of the relevant Purchaser or the Purchaser Enabled Supplier;
	 
	(iii)	 	any price reduction and any statutory or legal indication;
	 
	(iv)	 	price and VAT amount (if applicable); and
	 
	(v)	 	prominent reference to this Contract.
	 
	5.5	 	Payment Terms

Unless the Products are rejected during the Counter-Acceptance, the invoices shall be paid by
credit transfer to the Supplier’s bank account within forty-five (45) days from the date of
invoice.

The Purchaser or the Purchaser Enabled Supplier shall make payment only for those conforming
Products which have been actually delivered in accordance with the terms of the Order.

In the event of a dispute on an invoice between the Purchaser and the Supplier or between the
Purchaser Enabled Supplier and the Supplier, the Purchaser or the Purchaser Enabled Supplier, shall
be entitled to withhold the payment of any such disputed invoice hereunder until resolution of such
dispute.

If any amount due to the Supplier remains unpaid after the date on which it is payable (the “Due
Date”) the Supplier shall be entitled to charge interest on such sum from the Due Date until the
actual date of payment of such a sum at a rate of three (3) times the legal interest rate (“taux
d’interet legal”) in force at the time when the payment should have been made. The penalties are
due the day after the payment date set out by the invoice, without any notice being necessary.

Article 6: QUALITY

The Supplier agrees to comply with the provisions of the quality instructions of the Purchaser as
set forth in Appendix 4 (List of Applicable Documents).

6.1 Surveillance by the Aviation Authorities

This Contract relates to a programme placed under the surveillance of the Aviation Authorities.

Should a surveillance action be instigated by the Aviation Authorities or on their behalf, the
Supplier shall:

	(i)	 	communicate to the representatives of the said Aviation Authorities or to the persons
mandated by them, any information of a technical nature relating to the Procurement Orders in
progress; and
	 
	(ii)	 	provide to the above mentioned persons or their representatives free access to the premises
where they intend to carry out this surveillance action.

The cost, if any, of such surveillance, and all obligations or consequences thereof may be
negotiated between the Supplier and the Purchaser.

	6.2	 	Conditions Associated with the Observance of Quality Provisions
	 
	6.2.1	 	Qualification of Supplier / Product Pair
	 
	6.2.1.1	 	Since the Supplier and the Products are qualified by the Purchaser for the manufacture of
the Aerospace Related Products and Aerospace Related Products spare parts, and since such
qualification is required to ensure continued airworthiness, the Supplier shall:
	 
	(i)	 	deliver all Products to the Purchaser and the Purchaser Enabled Supplier in compliance with
the Technical Requirement Specifications; and
	 
	(ii)	 	use the same manufacturing and inspection processes as those used in the qualification tests,
unless otherwise agreed; and
	 
	(iii)	 	not change its production site or modify the Products, where the process is fixed, without
the approval of the Purchaser which approval shall not be unreasonably withheld.; and

	 		 		 
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	(iv)	 	inform the Purchaser forthwith, by registered mail with acknowledgement of receipt, of any
event likely to affect the Product’s definition or the manufacturing and inspection processes.
	 
	6.2.1.2	 	If the Supplier or Product qualification is withdrawn by the Purchaser due to the failure
or inability of the Supplier to meet applicable Technical Requirement Specifications and other
obligations related to Supplier and/or Product qualification, the Purchaser and the Supplier
shall work together to resolve such issues in a timely manner. In the event that issues
related to the Supplier’s qualification cannot be resolved to the satisfaction of the relevant
Purchaser, the relevant Purchaser reserves the right to terminate all associated Orders in
progress in accordance with Article 19.2 (Termination for Supplier’s Default). In the event
that issues related to Product qualification cannot be resolved to the satisfaction of the
Purchaser, the Purchaser reserves the right to terminate those provisions of this Contract
specifically related to the affected Product and all associated Orders in accordance with
Article 19.2 (Termination for Supplier’s Default).
	 
	6.2.1.3	 	The Supplier undertakes to collaborate to the approval of its Products according to the new
AIMS and ABS common AIRBUS specifications.
	 
	6.2.2	 	Assessments and Approvals

The Supplier must satisfy the assessments below, performed by the Purchaser or for and on behalf of
the Purchaser:

	(i)	 	quality system of the manufacturing site according to the twenty topics of PREN 9100;
	 
	(ii)	 	logistic system suited to the conditions agreed with the Purchaser.
	 
	6.2.3	 	Improvement of the Means of Production and Organisation

The Supplier shall implement all improvements of the means of production and/or organisation:

	(i)	 	deemed necessary by the Supplier to meet Contract requirements under optimum conditions; or
	 
	(ii)	 	agreed jointly by the Purchaser and the Supplier.
	 
	6.2.4	 	Supplier’s Responsibility

The Supplier shall be solely and entirely responsible towards the Purchaser or the Purchaser
Enabled Supplier for the fulfilment of its obligations pursuant to this Contract. The
qualification, inspection and surveillance actions carried out by the Purchaser, the Aviation
Authorities and/or their authorised representatives for the purposes of the Contract’s and/or the
Procurement Order’s fulfilment shall not reduce or release the Supplier’s responsibility with
respect to the Products manufactured and delivered to the Purchaser or the Purchaser Enabled
Supplier under this Contract.

	6.3	 	Inspection, Acceptance, Conformity

The Purchaser and the Purchaser Enabled Supplier shall delegate to the Supplier the responsibility
of:

	(i)	 	verifying that the Products are, before delivery, in conformity with the requirements defined
in the Technical Requirement Specification and the provisions set forth in each Procurement
Order and/or this Contract;
	 
	(ii)	 	certifying such conformity by a delivery notice operating as a declaration of conformity;
	 
	(iii)	 	performing the Product’s acceptance.

Notwithstanding such delegation of responsibility from the Purchaser and the Purchaser Enabled
Supplier to the Supplier, the Purchaser and the Purchaser Enabled Supplier reserves the right to
perform a Counter-Acceptance of the Products delivered within twelve (12) business days following
the date of delivery.

Unless a refusal is notified by the Purchaser or the Purchaser Enabled Supplier to the Supplier
further to a Counter-Acceptance for one of the reasons such as listed below, the Products delivered
shall be deemed accepted as of the thirteenth (13th) business day following the date of
delivery.

If a defect or a Non Conformity is detected on a Product during Counter-Acceptance, the said
Product shall be returned to the Supplier under the conditions defined in Article 7.6.1 (Delivery)
and the provisions of Article 9 (Delay in Delivery) shall apply.

					
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	6.4	 	Quality Performance — Non Conformity / Defect
	 
	6.4.1	 	Indicators

Product’s quality performance shall be measured using the indicators defined in the document of
Appendix 4 (List of Applicable Documents).

	6.4.2	 	NCD Detected During Counter-Acceptance or During Installation on Aerospace Related Product

All NCDs detected by the Purchaser or the Purchaser Enabled Supplier, as the case may be, during
Counter-Acceptance or installation on the Aerospace Related Product shall be notified in writing to
the Supplier. In this case, the Products shall be returned under the conditions of Article 7.6.1
(Delivery) to the Supplier, to be replaced within the lead times required by the Purchaser or the
Purchaser Enabled Supplier.

	6.4.3	 	Serious, Repetitive NCDs or high NCD ratio

In the presence of serious, repetitive NCDs or high NCD, detected by the Purchaser or the Purchaser
Enabled Supplier as the case may be, the Purchaser or the Purchaser Enabled Supplier shall notify
the Supplier of the same in writing. Upon receipt of this notification, the Supplier shall:

	(i)	 	submit to the Purchaser or the Purchaser Enabled Supplier for approval, within ten (10)
business days following the notification, the corrective actions it intends to implement; and
	 
	(ii)	 	after obtaining the Purchaser’s or the Purchaser Enabled Supplier’ s approval, implement such
corrective actions within the time period agreed jointly between the Supplier and the
Purchaser or the Purchaser Enabled Supplier as the case may be; and
	 
	(iii)	 	verify the Products to be delivered are free from any NCD.

In the cases described in Articles 6.4.2. and 6.4.3, the Purchaser or the Purchaser Enabled
Supplier shall be entitled to charge the Supplier in accordance with Article 9 (Delay in Delivery).

	6.4.4	 	Information and Communication in Case of NCDs

If NCDs are detected by the Supplier, the Supplier shall inform forthwith the Purchaser and the
Purchaser Enabled Supplier placing the Procurement Order, in writing, specifying the type of NCD,
its consequences and the Products delivered affected by the said NCD. This information shall be
communicated by the Purchaser to the Customers and the Aviation Authorities.

Any Non Conforming Product shall be subject to a request for concession as per the provisions of
Appendix 4 (List of Applicable Documents).

Faulty workmanship and/or hidden defects detected after Product delivery and requiring concessions
shall be processed according to the same procedure as that described in Appendix 4 (List of
Applicable Documents), and shall have the same consequences.

	6.5	 	Keeping Documents Specific to the Supplier

Until scrapping of the last in-service Aerospace Related Product on which the Product is installed,
the Supplier shall preserve all technical documents and especially all certificates of conformity
of the Products and technical documents relating to the Products, and shall present them upon the
Purchaser’s or the Purchaser Enabled Supplier’s request as the case maybe. The Supplier agrees not
to dispose of them, in any manner whatsoever, without the Purchaser’s or Purchaser Enabled
Supplier’s prior agreement in writing.

	6.6	 	Failure of the Quality or Logistic Systems — Serious or Repetitive NCDs

In case of failure of the Supplier’s Quality Assurance or Logistic system, or in the cases
mentioned in Article 6.4.3 above, and notwithstanding any other right vested in the Purchaser and
the Purchaser Enabled Supplier hereunder, the Purchaser or Purchaser Enabled Supplier as the case
maybe reserves the right to call upon the services of an audit company to perform, on the
Supplier’s premises and at Supplier’s expenses, the inspection or surveillance of the failing
Products or processes.

Such inspection or surveillance shall cease as soon as the corrective measures agreed by the
Supplier and the Purchaser or Purchaser Enabled Supplier as the case maybe are implemented by the
Supplier and deemed satisfactory by the Purchaser or the Purchaser Enabled Supplier.

					
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	6.7	 	Obsolescence

For the purpose of this Article 6.7, obsolescence shall apply to any situation where a component of
the Product cannot be purchased in the market place.

The Supplier agrees that, from the date hereof and for the duration of this Contract plus the
warranty period specified at Article 10 (Warranties), any obsolescence of a part or parts of a
Product shall immediately be resolved free of charge to the Purchaser or the Purchaser Enabled
Supplier and that any costs, incurred by the Supplier, resulting therefrom shall be borne by the
Supplier.

In addition, where the Supplier knows or anticipates a discontinuance in the supply of the Product,
the Supplier shall :

	(i)	 	notify the Purchaser or the Purchaser Enabled Supplier promptly in writing, and shall use its
best efforts to provide at least twelve (12) months notice prior to the date of discontinuance
in the supply of such Product; and
	 
	(ii)	 	allow the Purchaser or the Purchaser Enabled Supplier to promptly place a “last buy” Order
for that Product, without quantity limitations. The Supplier shall use its best efforts to
accept any Order(s) placed within this time period for all deliveries of the said Product up
to six (6) months after the notified date of stoppage of the supply of such Product.
	 
	6.8	 	GRAMS

The Supplier shall comply with GRAMS issue C as amended through the GRAMS Compliance Matrix set
forth in Appendix 12. Further evolutions of GRAMS will be subject to an update of the GRAMS
Compliance Matrix.

Article 7: LOGISTICS

The conditions under which the Supplier shall deliver the Products shall be in compliance with the
provisions defined in:

	(i)	 	this Article 7 defining Contract performance in terms of logistics;
	 
	(ii)	 	the Interchange Agreement of Appendix 5;
	 
	(iii)	 	the Logistic Conditions of Appendix 3.
	 
	7.1	 	Performance Conditions
	 
	7.1.1	 	Leadtimes / Delivery Schedule

Except as specified in Appendix 2, the Order lead-time (i.e., the time between the date of the
placement of the Order and the date of delivery of the Product) for the Product shall not exceed
forty (40) weeks subject to Article 2.3.3. The Supplier shall continuously review any opportunity
of lead-time reduction.

The Supplier shall deliver each Product to the Purchase or the Purchaser Enabled Supplier on the
dates specified in the Order. These dates are compulsory and determine the date of delivery of the
Product to the place of delivery specified in the Order. Such schedule shall hereinafter be
referred to as the “Delivery Schedule”.

The Supplier acknowledges that the Delivery Schedule may be affected by market fluctuations and
agrees to provide the flexibility required to adapt to future market constraints. The Purchaser or
the Purchaser Enabled Supplier shall use its reasonable endeavours to keep the Supplier fully
informed of such market fluctuations. The Purchaser or the Purchaser Enabled Supplier may also
provide to the Supplier a forecast of the dates for deliveries of the relevant Aerospace Related
Product on which the Product shall be installed.

In order to comply with market requirements, the Purchaser or the Purchaser Enabled Supplier
reserves the right to vary the Delivery Schedule at any time and without additional charge from the
Supplier subject to the Logistics Conditions. Such variation shall be confirmed by the Supplier and
the Purchaser or the Purchaser Enabled Supplier as the case maybe through a written amendment to
the Delivery Schedule.

	7.1.2	 	The Purchaser and/or the Purchaser Enabled Supplier shall:

	(i)	 	improve communication to the Supplier of long term forecasts by transmitting by fax, e-mail
or

					
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	 	 	mail the updates of the Aerospace Related Product manufacturing programme in which the
Product is integrated on a minimum quarterly basis for each line item and location;
	 
	(ii)	 	ensure the forecasts are as close as possible to its needs;
	 
	(iii)	 	perform, in collaboration with the Supplier, a feasibility study, especially in case of
significant increases of production rates or significant change to the forecasted needs;
	 
	(iv)	 	inform the Supplier, in writing, of any changes in its organisation and of any significant
events likely to cause a rescheduling of Product that would interfere with the Suppliers
operations;
	 
	(v)	 	until 31 day of December 2011, inform the Supplier, in writing, of any changes to its
contract with the Sponge supplier which may affect the commercial agreement between the
Purchaser and the Supplier, including but not limited to changes to the volume of Sponge to be
supplied or the applicable pricing, in which event no changes may be implemented between the
Purchaser and the Sponge supplier without the prior approval of the Supplier.
	 
	7.1.3	 	The Supplier shall:
	 
	(i)	 	accept and execute, for the complete duration of this Contract, the Procurement Orders placed
in compliance with the terms of this Contract;
	 
	(ii)	 	implement all means and procedures necessary to ensure total reliability of Product
deliveries;
	 
	(iii)	 	adapt its industrial device to suit the changes to the Aerospace Related Product
manufacturing Programme communicated by the Purchaser or the Purchaser Enabled Supplier;
	 
	(iv)	 	inform the Purchaser and the Purchaser Enabled Supplier within a reasonable period of time,
in writing of any significant changes in its organisation, production site and, within a
reasonable period of time, of any event likely to cause delay or interruption of the
deliveries, and of any exceptional measures taken in order to comply with contractual lead
times;
	 
	(v)	 	provide monthly indicators on deliveries;
	 
	(vi)	 	participate in the logistic reviews initiated periodically by the Purchaser or the Purchaser
Enabled Supplier to analyse delivery performance, logistic problems experienced during this
period and corresponding corrective actions.
	 
	(vii)	 	inform the Purchaser of any changes in its requirements for Sponge, including but not
limited to Specification, packaging, transportation or logistics requirements which may
require an amendment to the Purchaser’s contract with its Sponge supplier and in particular
may have an impact on the purchase price of the Sponge, in which event no changes may be
implemented between the Supplier and the Sponge supplier without the prior approval of the
Purchaser.
	 
	7.2	 	Interchange Agreement

It is the intention of the Purchaser to promote and develop procurement methods through EDI.
Consequently, the Supplier commits to collaborate with the Purchaser for possible implementation of
such methods, upon an Interchange Agreement with corresponding terms and conditions to be mutually
agreed.

	7.3	 	Procurement Methods

The Purchaser and the Purchaser Enabled Suppliers shall place Procurement Orders in compliance with
the terms of this Contract.

The Procurement Orders may be communicated to the Supplier using either of the following methods:

	(i)	 	Procurement Orders in the form of purchase orders;
	 
	(ii)	 	Procurement Orders transmitted by EDI.

Irrespective of the method used, a Procurement Order shall specify for each type of supply the
reference, the quantity, the date and the place of delivery. In addition, each Procurement Order
shall prominently reference RTI/EADS Contract Airbus/MAT/CON/353.

	7.3.1	 	Procurement Orders in Form of Purchase Orders

					
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The Supplier and the Purchaser or the Purchaser Enabled Supplier as the case maybe agree that any
change to an Order shall be made under the conditions defined in Article 17 (Contract Amendment).
The Supplier and the Purchaser shall mutually agree on a Purchase Order cancellation procedure
governing cancellation requests by the Purchaser or any Purchaser Enabled Suppliers as soon as
practicable.

	7.3.2	 	Procurement Orders by EDI

The Purchaser shall communicate to the Supplier, by EDI, procurement plans and delivery calls such
as defined below.

	7.3.2.1	 	Procurement Plans

These are comprised of two parts:

	(i)	 	one part referred to as “flexible horizon” (FH) corresponding to the Purchaser’s forecasted
needs for a given period of time. The Purchaser undertakes to order the total quantity
specified in the FH part. The Supplier agrees that the delivery dates specified in this FH
part may vary depending on the changes to the Purchaser’s needs.
	 
	(ii)	 	another part referred to as “provisional horizon” (PH) corresponding to the Purchaser’s
forecasted needs beyond the period of time defined in the FH part. The Supplier agrees that
the forecasts of the PH part do not imply any undertaking by the Purchaser in terms of
quantities and lead times; they simply enable the Supplier to plan its production and
provisioning operations.
	 
	7.3.2.2	 	Delivery Calls

They correspond to Procurement Orders for a firm delivery in terms of quantity and lead time, to an
agreed place and according to a delivery cycle specified in the Logistic Conditions. A Delivery
Call may be issued out of the Procurement Plan.

	7.3.2.3	 	Maximum Period of Time Between Two Procurement Plans (PP)

Apart from exceptional cases, the maximum period of time between two Procurement Plans has to be
agreed between the Parties.

	7.4	 	Acceptance of Procurement Orders

Procurement Orders shall be deemed accepted without reservation by the Supplier at the latest
fifteen (15) Business Days following their dispatch unless rejected by the Supplier within this
period.

In any case, the Supplier hereby accepts, and shall comply with any Procurement Order provided such
Procurement order is issued in accordance with the provisions of this Contract.

For Procurement Orders placed by EDI, they shall be deemed accepted at a time to be specified in
the Interchange Agreement.

	7.5	 	Agreed Procurement Method

The Logistic Conditions specify the procurement method agreed between the Supplier and the
Purchaser and the logistic data exchanged.

	7.6	 	Clauses Common to the Two Procurement Methods
	 
	7.6.1	 	Delivery

On the Delivery Date specified in the Procurement Order, the Products shall be delivered DDU as per
the Incoterms 2000 by the carrier designated by the Supplier, to the place indicated in the
Procurement Order.

In a case of Defect or Non Conformity of a Product delivered to the Purchaser or the Purchaser
Enabled Supplier as the case maybe, or in a case of excess Products delivery, the Purchaser or the
Purchase Enabled Supplier, after notifying the Supplier in writing, shall return the Products, the
costs and risks associated with the transport of the Product from a Plant to the Supplier’s factory
and back shall be borne by the Supplier.

	7.6.2	 	Product Delivery Leadtimes

The Delivery Dates specified in the Procurement Order are binding and determine the date of arrival
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the Product to the place of delivery indicated in the Procurement Order, provided such dates are
in compliance with the leadtimes defined in Article 7.1.1 or as may otherwise be mutually agreed to
in writing between the Supplier and Purchaser or the Purchase Enabled Supplier.

The Supplier shall notify the Purchaser or the Purchase Enabled Supplier as the case maybe in
writing, within fifteen (15) Business Days, of any event likely to delay the deliveries, and shall
propose new Product delivery lead times as soon as practical thereafter.

Depending on the facts reported and the retrofit plans set up, the Purchaser or the Purchase
Enabled Supplier shall decide whether or not it will grant an extension of the delivery lead time,
and hence a modification of the delivery terms defined in the Procurement Order concerned.

Modification of the delivery terms shall be granted to the Supplier only for a delay not due to
Supplier’s default or negligence.

For the time of its duration, the sole effect of a delivery lead time extension shall be to avoid
the application of liquidated damages for late delivery under Article 10 (Delay in Delivery) and
the risk of Contract termination for Supplier’s default under the conditions set out in Article 19
(Termination).

	7.6.3	 	Documentation

Each consignment shall be plainly marked with the name of the Supplier and with the following
information:

	(i)	 	the name of the Purchaser or Purchaser Enabled Supplier and the address of the place of
delivery;
	 
	(ii)	 	an advice note detailing the Order number, the part number of the Products/serial numbers,
contents, gross weights, quantity of packages and Product value for Customs purposes;
	 
	(iii)	 	when applicable, the original of the statement of conformity, the certificate of
airworthiness, or any other document specified in the Contract or in the Order.

The consignment documentation shall be attached inside and outside the packaging.

The Products shall not be considered as delivered by the Supplier until all requisite documents
properly executed have been received by the Purchaser or the Purchaser Enabled Supplier. The
Purchaser or the Purchaser Enabled Supplier reserves the right to return the Products at the
Supplier’s expense if such documents are not properly executed.

	7.6.4	 	Packing and Packaging

Packaging, transit and storage shall be carried out in accordance with the Purchaser’s or the
Purchaser Enabled Supplier’s instructions included in GRAMS. If no such instructions are given,
each Product will be individually packed so as to ensure transit to and storage in an undamaged and
serviceable state at the place of delivery.

The supply of special cases and/or boxes required for the packaging of the Product will be to the
account of the Supplier, and will be returned to the Supplier, at the Supplier’s cost, if so
requested by the Supplier at the time of dispatch of the Product to the Purchaser or the Purchaser
Enabled Supplier.

	7.6.5	 	Risk Transfer, Title Transfer, Retention of Property Title

The risks of loss and damages shall be transferred from the Supplier to the Purchaser or the
Purchaser Enabled Supplier as the case maybe at the delivery of the Product at the Incoterms point
defined in Article 7.6.1 above, except if the said loss or damages result from the non fulfilment
by the Supplier of one of the packing and packaging obligations, or is/are due to the Supplier’s
negligence.

Transfer of the property title of the Products delivered by the Supplier to the Purchaser or the
Purchaser Enabled Supplier shall be effective upon acceptance of the said Products by the Purchaser
or the Purchaser Enabled Supplier.

Acceptance of the Product shall be conclusive of the absence of apparent defects but shall not be
conclusive of the absence of latent defect and shall be without prejudice to the rights of the
Purchaser or the Purchaser Enabled Supplier under this Contract including the right to call on the
Supplier for correction of any further defect and/or non-compliance with the Technical Requirement
Specification.

If a Product is rejected (i.e., not accepted), it shall be deemed a non-delivery and upon such
rejection title

					
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and risk in such Product shall revert to the Supplier. The Supplier shall reimburse
the Purchaser or the Purchaser Enabled Supplier for the rejected Product.

The Purchaser or the Purchaser Enabled Supplier reserves the right to reject the whole or part of
any consignment in which a Product may be found which does not comply with the Order.

In the case of a rejected Product, the Purchaser or the Purchaser Enabled Supplier shall inform the
Supplier of such rejection, and the Purchaser or the Purchaser Enabled Supplier shall be entitled
to, at Supplier’s option:

	(i)	 	rectify the rejected Product, at the Supplier’s expense;
	 
	(ii)	 	require the Supplier to rectify at the Supplier’s expense the Product without delay at the
site where the Product is held;
	 
	(iii)	 	return the Product at the Supplier’s risk and expense. In such a case, and immediately upon
notification by the Purchaser or the Purchaser Enabled Supplier of such rejection, the
Supplier shall expedite the delivery of a replacement for the rejected Product.

A Product which has been rectified following a rejection shall be subject to a re-inspection and acceptance.

	7.7	 	Official Authorisations — Export Licences

Notwithstanding anything to the contrary in this Contract it is understood by the Parties that the
Purchaser and/or the Purchaser Enabled Supplier’s ability to deliver and support Aerospace Related
Products fitted with the Product on a worldwide basis and the Customers’ ability to use, operate
and maintain the Aerospace Related Product worldwide are of the essence of this Contract.

	7.7.1	 	The Product or any parts thereof may be subject to export laws and regulations, including
U.S. laws and regulations (hereafter referred to as “Export Regulations”), and the Parties
acknowledge that diversion contrary to such Export Regulations is prohibited.
	 
	7.7.2	 	The Supplier shall identify any part of the Product that is subject to Export Regulations
prior to the signature of this Contract or to the receipt of an Order and subsequently in case
of (i) change in Export Regulations or (ii) change in the Product which affects its
classification under relevant Export Regulations,. The Supplier shall provide the Purchaser
with all necessary information concerning the applicable Export Regulations as well as any
assistance it may request in implementing such applicable Export Regulations.
	 
	7.7.3	 	Whenever all or part of the Product is subject to Export Regulations, the Supplier shall in
particular:

	 	(i)	 	be responsible for obtaining in time, at no cost to the Purchaser, all relevant
official approvals, licenses and authorizations (referred to as “Export Licence”)
required for the worldwide export, delivery and use of the Product by the Purchaser
and/or the Customer, as applicable, and the end user in accordance with the Contract or
any Order or the provided Purchaser’s end-use statement displayed in Annex D if so
required by the relevant authorities; and
	 
	 	(ii)	 	where all or part of the Product is subject to export licensing procedures, and
provided the Order is received by Supplier in a timely manner, the Supplier shall use
its best efforts to ensure that an Export Licence or similar documentation is issued by
the relevant authorities in time to allow the worldwide export, delivery and use of the
Aerospace Related Product by the Purchaser and/or the Customer, as applicable, and the
end user in accordance with the Contract or any Order and the provided Purchaser’s
end-use statement if required by the relevant authorities; and

	(iii)	 	state on all delivery notices the export control classification number and the reference
of the applicable Export Licence; and
	 
	(iv)	 	state in all documentation provided in furtherance of a license the appropriate applicable
Export Licence number and distribution restrictions.
	 
	7.7.4	 	If Technical Assistance Agreements (“TAAs”) are required for the fulfillment of the Contract
or an Order, the Export Licence and any amendments thereto shall be agreed with the relevant
Purchaser before being submitted to the relevant authorities. The Supplier shall provide the

					
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	 	 	Purchaser with a copy of the TAA or any Export Licence. The provisos that are classified may
be redacted from the copy supplied to Purchaser.
	 
	7.7.5	 	In the event of Supplier’s failure to comply with its obligations under the provisions of
this Article 7.7 and/or if any Export Regulation would prevent the Supplier from complying
with its obligations under the provisions of this Article 7.7, the Supplier shall, at its own
costs, and within a timeframe meeting Purchaser’s business needs, in particular:

(i) use its best efforts to obtain from the relevant authorities the necessary Export
Licence, with respect to the Product, for Airbus and/or the Purchaser to sell and support
the Aerospace Related Product worldwide and for Customers to continue using, operating and
maintaining the Aerospace Related Product, or

(ii) replace or modify the restricted technology so that the Product ceases to infringe
the Export Regulations, whilst fulfilling all requirements defined by the Contract or the
Order.

It is understood that any remedial action undertaken by the Supplier under this Article 7.7
is without prejudice to Airbus and/or the Purchaser’s rights to claim compensation for all
costs, damages and losses suffered as a consequence of the said breach and/or their right to
terminate the Contract or the affected Order for Supplier’s default.

	7.7.6	 	Notwithstanding any other provision of the Contract or the affected Order, the Supplier
shall be liable for all damages, losses, and liabilities incurred by Airbus and/or the
Purchaser as the result of the Supplier’s non-compliance with its obligations under this
Article 7.7.
	 
	7.7.7	 	The provisions of this Article 7.7 shall also be applicable to the Purchaser Enabled Suppliers.
	 
	8	 	COMPLIANCE
	 
	8.1	 	Hazardous materials and goods

The Supplier shall comply with the applicable regulations in force at any time, in the European
Union, and in such a country in which the Plant has its domicile. For deliveries in France, the
following regulations will in particular apply:

	(i)	 	“ADR”: refers to the European agreement on international road transport of hazardous goods,
and the French by-law (“arrêté”) of December 17, 1998 referred to as “ADR by-law”;
	 
	(ii)	 	“IATA”: refers to the regulations of the International Air Transport Association on air
transport of hazardous goods, and the French by-law of May 12, 1997;
	 
	(iii)	 	“RID”: refers to the regulations concerning international rail transport of hazardous goods,
and the French by-law of December 17, 1998 referred to as “RID”;
	 
	(iv)	 	“IMDG”: refers to the international code for sea transportation of hazardous goods, and the
French by-law of January 27, 1999;
	 
	(v)	 	“Hazardous Material”: refers to the goods, preparations, materials or equipment having a
content of substances likely to harm individual health, the environment and the goods, for
their whole life cycle and whose dangerousness classification may change over time.

Should the Product be classified as a Hazardous Material, and depending on the mode of transport
agreed with the Purchaser or the Purchaser Enabled Supplier, the Supplier shall comply, without
reservation, with the ADR, IATA, RID and IMDG regulations in force.

	8.2	 	Compliance with Applicable Regulations

The Supplier shall ensure its compliance and the compliance of each Product with all Applicable
Laws (including those dealing with labour, health and safety), and with those of the relevant
Aviation Authorities (including any evolution thereof occurring during the term of the Contract).
The Supplier shall uphold high business ethical standards. In particular, the Supplier acknowledges
the EADS NV group’s promotion of resource conservation, recycling of goods and preservation of the
natural environment. The Supplier shall maintain safe and healthy working conditions for its
employees.

Should the Supplier fail to comply with such laws and regulations, the Supplier hereby agrees to
indemnify and hold harmless the Purchaser or the Purchaser Enabled Supplier from and against all
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consequences (dommages directs) of such failure.

Environment: The Supplier shall comply with all environmental laws and regulations applicable to
its Products and activities (except for such failure to comply which would not affect the ability
of the Supplier to perform its obligations hereunder) as well as the environmental requirements as
defined in Appendix 4 (Applicable Documents) or any other applicable document provided by the
Purchaser . The Supplier shall put in place all necessary means and actions to ensure the
compliance of the Products developed, manufactured and delivered to the Purchaser or the Purchaser
Enabled Supplier with any regulations on authorisation or registration of substances contained in
such Products, in particular and as applicable with the “Registration, Evaluation, Authorisation
and Restriction of Chemicals” (“REACH”) regulation.

Article 9: DELAY IN DELIVERY

Should the Delivery Date not be met, and except in case of “Force Majeure” or excusable delays, the
Supplier shall be automatically deemed to have a delay in Delivery Date (a “Delay in Delivery”)
without any reminder being required from the Purchaser.

Excusable delays include:

- rescheduling at the direction of the Purchaser;

- For Products delivered in 2010 and 2011 Sponge supply related issues which are caused by a
material breach by the Sponge supplier of its agreement with the Purchaser;

In the event of a Delay in Delivery, the Purchaser shall be entitled to claim one percent (1%) of
the price of the delayed Product(s) per full week of delay, up to a maximum of ten percent (10%) of
the price of the delayed Product(s) and respecting a grace period of ten (10) Business Days. For
the purposes of this Article, one full week of delay shall mean seven consecutive days following
the Delivery Date.

In addition, the Supplier undertakes to maintain buffer stocks in Europe to prevent any risk of
shortages.

The Purchaser shall have the right to claim, in the event the amount of damage exceeds the total
amount of the above liquidated damages, the full amount of such excess damage in respect of all
losses, expenses, costs, claims and other damages incurred by the Purchaser within the scope of
Article 14.3 “Contractual Liability”.

Article 10: WARRANTIES

The Supplier warrants to the Purchaser and the Purchaser Enabled Supplier that all Products
supplied are:

	(i)	 	Free from defects in material; or
	 
	(ii)	 	Free from defects in workmanship, including without limitation manufacturing processes
utilised by the Supplier; or
	 
	(iii)	 	Free from defects arising from the Supplier’s failure to conform to the Technical
Requirement Specifications.

For the purpose of this Contract, the warranty period for all Products supplied shall be thirty six
(36) months commencing from the date of delivery of the Aerospace Related Product to the Customer.
During the warranty period, the Supplier shall cover the costs of all necessary rework or
replacement as well as all reasonable manufacturing cost of the Purchaser or the Purchaser Enabled
Supplier as the case maybe, to be mutually agreed upon provision of written justification by
Purchaser or the Purchaser Enabled Supplier, if replacement is required.

					
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ARTICLE 11: MODIFICATIONS

	11.1	 	General

The Supplier and the Purchaser may submit proposals to the other for modifications to the Product.

The Purchaser shall be entitled, at its absolute discretion, to refuse a request for a modification
submitted by the Supplier.

Any proposal for a modification presented by the Supplier shall be accompanied by a full cost and
technical justification.

The Supplier agrees to act upon such modifications upon receipt of the Purchaser’s instructions in
accordance with this Article 11 notwithstanding any commercial dispute.

Each Product must be manufactured to the latest issue of the Technical Requirement Specification
received by the Supplier, unless otherwise requested by the Purchaser in writing.

	11.2	 	Mandatory Modifications

The Supplier shall promptly effect modifications to the Product in the following circumstances:

	(i)	 	Change in Requirements of the Aerospace Related Product Programme: if a modification is
requested as a result of a change in the requirements of the programme, provided that the
Purchaser notifies the Supplier;
	 
	(ii)	 	Compatibility Modifications: if at any time it proves necessary to introduce partial or
complete modifications to the Product and/or the Technical Requirement Specification to ensure
optimal performance of the Product within the Aerospace Related Product environment;
	 
	(iii)	 	Change in Law: if at any time during this Contract, any Change in Law requires a
modification to the Product in order to obtain or maintain the Certificate of Airworthiness
for the Aerospace Related Product;

The Supplier shall be obliged to implement such mandatory modifications notwithstanding the
existence of a dispute between the Parties.

	11.3	 	Procedure for Modifications

No modification shall be made to the Product without the prior written approval of the Purchaser
and, if relevant, an amendment to this Contract. Modifications shall be confirmed by an amendment
to the Technical Requirement Specification.

The Supplier shall notify the Purchaser of any changes in the price and in the Delivery Schedule
which may result from any modification within thirty (30) days of receipt of the Purchaser’s
instruction in respect of such modification. Failure by the Supplier to submit a claim within this
period shall be deemed as acceptance by the Supplier to incorporate the modification without change
to the price or Delivery Schedule.

The Supplier shall provide modification kits, and, if required, specialised labour, tools, jigs and
instructions for modification of the Product which can or must be carried out at the Purchaser’s or
Customer’s premises.

If the Supplier defaults in its obligations with regard to modification of the Product, the
Purchaser may undertake the modification itself at the expense of the Supplier by whatever method
it deems necessary, including re-designing the Product, with the approval of the Aviation Authority
(or whatsoever authority is concerned). In this event, the Supplier shall promptly furnish
manufacturing drawings and other information required by the Purchaser.

					
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	11.4	 	Cost of Modifications

11.4.1 Notwithstanding any other terms of this Contract including 11.4.2 and 11.4.3 hereunder, all
costs associated with or resulting from modifications associated with or resulting from a failure
of the Supplier to meet its obligations under the Contract or any Order shall be borne by the
Supplier.

11.4.2 The costs of implementing a modification made for reasons of a Change in Law shall be:

	(i)	 	if the requirement is applicable solely to the Supplier’s production of the Product, whether
or not the Product is defective, for the account of the Supplier;
	 
	(ii)	 	if the requirement is attributable solely to work done by the Purchaser or the Purchaser
Enabled Supplier in the design and manufacture of the Aerospace Related Product, for the
account of the Purchaser or the Purchaser Enabled Supplier, as the case may be;
	 
	(iii)	 	in all other cases, each Party shall absorb all its own costs to comply with such Change in
Law.

11.4.3 For any modification which is effected for reasons other than those covered under
Articles 11.4.1 and 11.4.2 above, the costs of such modification shall be negotiated in good faith
on a case-by-case basis. The Supplier shall provide to the Purchaser or the Purchaser Enabled
Supplier, as the case may be, a fair and reasonable, detailed and substantiated, quotation of the
recurring and non-recurring costs associated with such modification, taking into account the
Supplier’s obligations under this Contract. The costs of preparation of such modification will in
any case be for the account of the Supplier.

Article 12: OFFSET, SALES PROMOTION

The Supplier agrees to support the Purchaser, for the purposes of this Article 11 including the
EADS Group, in fulfilling its/their present and future offset obligations.

When applicable and no more than twice per calendar year, the Purchaser shall inform the Supplier
of its offset requirements. Upon request, the Supplier shall submit to the Purchaser within one
calendar month of the original request a programme that meets this offset requirement.

Such support from the Supplier shall include:

	(i)	 	On the request of the Purchaser the Supplier shall provide the aggregate total value of goods
purchased and companies purchased from in the country specified by the Purchaser which may be
used for offset purposes by EADS. The total value of offset purchases made by the Supplier in
the manufacture of the Product for this contract in the specified country shall be retained
solely for use in the fulfilment of the offset obligations of the EADS Group.
	 
	(ii)	 	With the exception of the sourcing of Sponge and applicable pricing, which shall be the
responsibility of the Purchaser when the Supplier is enabled by the Purchaser for the Sponge
and/or titanium ingots, the Supplier is solely responsible for all procurement activities
related to the purchasing of goods and/or services necessary for the manufacture and supply of
the Products from accredited companies approved by the Supplier. Such responsibility is
subject to, but not limited to, the commercial viability, performance, technical competence,
statutory legal restrictions, contractual restrictions with existing suppliers and production
capacity of the company measured at the Suppliers discretion.

Subject to Article 12 (ii) above, the Supplier shall co-operate and work with the Purchaser to make
available a target offset value of 5% of the total sales revenue from this Contract with the
Purchaser in countries specified by the Purchaser.

The Supplier shall inform the Purchaser of any future investment plans in any country which could
be used to fulfil this offset requirement provided that information is in the public domain or is
covered by an additional confidentiality agreement.

The Purchaser shall assist the Supplier, if so requested by the Supplier, to identify suppliers for
goods and/or services in offset countries.

The Supplier agrees to support the Purchaser in obtaining the necessary offset credit acceptances
for the
purchases in the offset country.

					
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Article 13: NOTIFICATION

Any notification, invoice or correspondence to be given under this Contract and/or any Procurement
Order, shall be in writing in English and delivered by hand or sent by the appropriate means to the
addresses below or any other address notified in writing to EADS Deutschland GmbH or the relevant
Purchaser or the Purchaser Enabled Supplier as the case maybe.

	(i)	 	All matters related to this Contract, its amendments and its administration shall be
communicated between EADS Deutschland GmbH and the Supplier. For information purposes, at the
time of signature of this contract, the following are the points of contact:

	 	 	 

	For EADS Deutschland GmbH

	 	For the Supplier
	Dept: Airbus Procurement Department

	 	Key Account Director – EADS/Airbus
	 
	 	 
	Acting as EADS Lead Buyer
	 	 
	 
	 	 
	Airbus SAS

	 	RTI UK Titan House Kingsbury
	 
	 	 
	1 rond-point Maurice Bellonte

	 	LinkTrinity Road
	 
	 	 
	31700 Blagnac

	 	Piccadilly, Tamworth Staffordshire
	 
	 	 
	France

	 	B782EX, ENGLAND
	 
	 	 
	(+33- 561-93-33-33

	 	+44-1827-871670
	 
	 	 
	 

	 	Copy to:
	 
	 	 
	 

	 	General Counsel
	 
	 	 
	 

	 	RTI International Metals, Inc.
	 
	 	 
	 

	 	Westpointe Corporate Center One
	 

	 	1550 Coraopolis Heights Road, Ste. 500
	 

	 	Pittsburgh, PA 15108-2973
	 

	 	USA
	 
	 	 
	 

	 	+1-412-893-0102
	 
	 	 
	 

	 	Fax: +1-412-893-0027

	(ii)	 	For any notification or communication in connection with any Procurement Order:
	 
	 	 	For the attention of the Logistic Department of the Purchaser or the Purchaser Enabled
Supplier issuing the Procurement Order, whose postal address is indicated in the said
Procurement Order;
	 
	(iii)	 	For any notification or communication in connection with the invoices and/or their payment:
	 
	 	 	For the attention of the Accounts Department of the Purchaser or the Purchaser Enabled
Supplier concerned whose address is indicated in each Procurement Order.

					
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Article 14: CIVIL LIABILITY, INSURANCE, CONTRACTUAL LIABILITY

	14.1	 	Civil Liability

Unless otherwise specified in this Contract, the repair cost of damages caused by either Party
during Contract performance shall be borne as follows:

14.1.1 For Indemnification of Damage to the Personnel of Either Party: Damages of any nature
whatsoever to the personnel of the Purchaser or the Supplier shall be borne by each Party
respectively even if the other Party is liable for the said damages, except in a case of gross
negligence. These provisions are limited to the relationship between the Parties and do not
prejudice the rights and legal actions which the accident victims, their successors, the Social
Security Administration and the welfare organisations are entitled to exercise.

14.1.2 For Indemnification of Damage Caused by Either Party to the Personnel of a Third Party:
Damages of any nature whatsoever caused by either Party to the personnel of a third party shall be
settled in compliance with the rules of law.

14.1.3 For Indemnification of Damage Caused by a Party to the Real Property and Movable Goods
Property of the Other Party or a Third Party: Damages of any nature whatsoever caused by a Party
to the real property and movable goods property of the other Party or a third party shall be
settled in compliance with the rules of law.

The Supplier shall be solely responsible for its Products and the fulfilment of its manufacturing
obligations.

The Supplier performing work on the Purchaser’s premises shall provide in relation to the personnel
dedicated to the said work:

	(i)	 	a certificate stating that the personnel is employed in compliance with the labour law
provisions;
	 
	(ii)	 	if applicable, a certificate stating that the foreign personnel is authorised to carry out a
professional activity in France.
	 
	14.2	 	Insurance

14.2.1 Insurance Policies to be Subscribed

On the date of coming into force of the Contract or before the start of the work performed on the
Purchaser’s premises, the Supplier shall communicate to the Purchaser the insurance certificates
covering:

	(i)	 	General and Professional Civil Liability;
	 
	(ii)	 	damages to the goods or aircraft entrusted (Civil liability — damages to third parties due to
the goods or aircraft entrusted and damages to the goods or aircraft entrusted);
	 
	(iii)	 	Product Civil Liability after delivery and grounding;

In the last two cases, the Supplier shall be entitled, subject to the prior insurers’ approval and
against payment of a premium, to adhere to the insurance policies subscribed by the Purchaser for
and on behalf of the Purchaser.

The insurance certificates shall mention the amount of the warranties and designate the Purchaser
as the direct beneficiary of the indemnities in the case of damages to its property, without any
option for deduction from the said indemnities of the franchise applicable to the Supplier.

Under no circumstances shall the franchises applicable to the Supplier be enforceable against the
Purchaser.

The Supplier shall be under the obligation to declare to the Purchaser any accident within forty
eight (48) hours following its occurrence, or within twenty four (24) hours of Supplier’s knowledge
of such occurrence, it being specified that any forfeiture opposed by the insurers against the
Supplier due to its activity will imply the obligation for the Supplier to bear the full cost of
the prejudice.

The Supplier shall obtain from its insurers full adhesion to the provisions below.

					
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14.2.2 Damage to Goods and Aircraft Entrusted by the Purchaser

The terms “Property entrusted” covers all goods or aircraft leased or entrusted to the Supplier for
the performance of the work ordered.

For damages to property and aircraft entrusted, the Purchaser shall indemnify and hold harmless the
Supplier, except in cases of wilful damages, gross negligence or wilful misconduct, beyond two
hundred thousand Euros (€200,000) per claim for property entrusted by the Purchaser, and beyond
three hundred thousand Euros (€300,000) per claim for aircraft entrusted or work performed on the
aircraft. The Supplier shall be solely responsible for subscribing an insurance to cover the
property and aircraft entrusted for this amount (or their real value if the latter is less than the
above threshold). This insurance shall cover the property and aircraft entrusted for their value
as new, against all types of insurable risks or damages.

However, if the Supplier holds an insurance the amount of which is higher than the above-mentioned
amount, it shall notify the Purchaser of the said insurance and shall not reduce its insurance
cover, whose amount shall be the limit of its liability.

The Supplier will notify the Purchaser of any accident within twenty four (24) hours following its
occurrence, it being specified that any forfeiture opposed by the insurers and due to the Supplier
shall imply for the Supplier the obligation to bear the full cost of the claim.

For any land motor vehicle such as (the list is not exhaustive) lifting or handling equipment,
pallet trucks, tow motors, lift trucks, etc., entrusted or leased by the Purchaser, the Supplier
will subscribe a Civil Liability insurance policy covering damages to third parties, replacing by
subrogation, if applicable, the Purchaser’s insurance cover should the Purchaser’s insurance policy
be activated.

14.2.3 Damage to Goods Entrusted by the Supplier

The Supplier and its insurers declare they waive any recourse they would be entitled to exercise
against the Purchaser and its insurers following any damage that may affect the Supplier’s movable
goods, irrespective of the nature and origin of the damages, except in a case of wilful misconduct
by the Purchaser.

14.2.4 General and Professional Civil Liability for Work Performed on the Purchaser’s Premises

The Supplier shall provide evidence of the subscription of a Civil Liability insurance policy
covering the damages caused to the Purchaser as a result of the presence of the Supplier’s
employees on the Purchaser’s premises.

This insurance shall cover an unlimited amount for body damages and, in the case of consequential
material and immaterial damages, a cover at least equal to three million Euros (€3,000,000) per
claim, beyond which sum the Purchaser’s insurers will not exercise any recourse against the
Supplier.

Any malicious act, gross negligence, inexcusable fault or wilful misconduct, will prevent the
Supplier from benefiting of the foregoing waiver.

The Supplier and its insurers agree to waive the right of recourse they would be entitled to
exercise against the Purchaser and its insurers following any claim involving the Purchaser’s Civil
Liability, except in a case of wilful misconduct by the Purchaser.

14.2.5 Product Civil Liability After Delivery

The Supplier shall subscribe an insurance for an amount at least equal to one hundred and fifty
million Euros (€150,000,000) per event and per year of insurance to cover its liability for damages
occurring after performance of its services and/or Products delivery pursuant to the Contract which
are connected to the said services and/or Products, and more generally for all consequences that
may legally be claimed against the Supplier.

This insurance limitation does not constitute a limitation of the Supplier’s civil liability amount
after delivery to the Purchaser or any third party.

					
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14.3 Contractual Liability

	14.3.1	 	The Supplier shall be liable to the Purchaser for all costs, losses, damages and liabilities
(“Losses”), which may be incurred by the Purchaser as a direct consequence (dommages directs)
of the Supplier’s breach of any of its obligations under the Contract, including without
limitation costs and expenses incidental thereto such as legal fees, but excluding lost
profits, loss of opportunity, or loss of goodwill. In the case of Losses attributable to
multiple causes, Supplier shall only be liable for that portion of such Losses which are
specifically attributable to a breach by Supplier of its obligations under this Contract, .
The Purchaser shall use its reasonable efforts to mitigate the Losses suffered or incurred by
it, and the Supplier shall not be liable for any portion of the Loss which is solely caused by
an action or omission of the Purchaser.
	 
	14.3.2	 	The Purchaser agrees to provide the Supplier with a reasonably detailed breakdown of the
said Losses.
	 
	14.3.3	 	The Supplier agrees that it shall not be released from its liability nor shall it claim that
its liability should be limited or reduced or excluded on the grounds that:

	 	(a)	 	part or all of the work covered by the Contract has been assigned to sub-contractors;
and/or
	 
	 	(b)	 	the Item has been certified and/or approved by the Aviation Authorities
and/or the Purchaser; and/or
	 
	 	(c)	 	the Purchaser has right(s) under the Contract which it exercised or failed
to exercise.

	14.3.4	 	The liquidated damages of any nature provided for in the Contract do not under any
circumstance constitute the exclusive remedy for the prejudice sustained by the Purchaser as a
result of the relevant non-compliance by the Supplier. Should the actual prejudice suffered
by the Purchaser exceed the amount of the liquidated damages, the Purchaser shall be entitled
to claim for and would be justified to obtain the amount corresponding to the entire prejudice
in accordance with terms hereof, after deduction of the amount of liquidated damages already
paid by the Supplier or withheld by the Purchaser with regards to the non-compliance having
caused such prejudice.
	 
	14.3.5	 	The Parties agree that the Supplier’s aggregate liability to the Purchaser for Losses with
respect to this Article “Contractual Liability” together with any liquidated damages of any
nature provided for in the Contract shall not exceed an amount equal to the following
percentages of the aggregate Product sales revenue received by Supplier in the twelve months
period preceding the date at which the Losses were incurred:

	 
	 	—	 	

  15% if the date at which the Losses were incurred is in calendar year 2010 or 2011;
	 
	 
	 	—	 	
10% the date at which the Losses were incurred is in calendar years 2012 to 2020.

	 
	 	 	Such limitation of liability shall in no event cover any amount to be paid by the Supplier
under the provisions of Article 7.7 Official Authorization — Export Licences, Article 17
Intellectual Property Rights, Article 14.1 Civil Liability, Article 14.2 Insurance nor any
damage suffered by the Purchaser as a result of the wilful misconduct or gross negligence of
the Supplier.

	14.3.6	 	No claims shall be made for any late delivery of Product covered by Procurement Orders
calling for delivery prior to 31st December 2009.

					
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Article 15: ACCESS TO SUPPLIER’S PREMISES, AUDITS, INFORMATION

The Purchaser’s or the Purchaser Enabled Supplier’s representatives will have access during working
days and hours, subject to reasonable advance notice:

	(i)	 	to the premises where the Products are manufactured, whether these are the Purchaser’s or the
Purchaser Enabled Supplier’s premises or those of the Purchaser’s or the Purchaser Enabled
Supplier’s subcontractors;
	 
	(ii)	 	to all technical documentation relating to this Contract, especially to the Industrial
Dossier relating to the Product manufacturing industrial process, subject to compliance with
the conditions of Article 16.1 (Confidentiality);
	 
	(iii)	 	the right, with the Supplier’s assistance, to check the Product manufacturing progress
status up to and including the Product acceptance tests performed on the Supplier’s premises.

The representatives of the Aviation Authorities or their delegates, as well as the Customers’
representatives shall have:

	(i)	 	access during working days and hours to the premises where the Products are manufactured,
whether these are the Purchaser’s premises or those of the Purchaser’s subcontractors, subject
to previous agreement and/or the presence of Purchaser’s representatives, and with reasonable
advance notice;
	 
	(ii)	 	the right, with the Supplier’s assistance, to monitor Product manufacture up to their
acceptance on the Supplier’s premises.

For this purpose, the Supplier shall help and facilitate the issuance of all necessary
authorisations to access its factories and those of its subcontractors.

Subject to compliance with the conditions of Article 17.1 (Confidentiality) and Article 28, the
Supplier shall provide access to all information of any nature whatsoever necessary for the
performance of quality, logistic or financial audits by Purchaser’s representatives or third
parties duly authorised by the Purchaser.

The Supplier shall communicate annually to the Purchaser its balance sheet and annual report.

					
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Article 16: PUBLICITY

For the purpose of this Article 16 EADS Deutschland GmbH, the Supplier and the Purchaser shall be
called collectively the “Parties Concerned” or individually the “Party Concerned”.

The Purchaser shall use all reasonable endeavours to ensure that the Purchaser Enables Supplier
observe the provisions of this Article 16 as fully as if they were parties to this Contract.

Except as required by law or regulation, the Parties Concerned each undertake to each other that
they shall not use the name of a Party Concerned, the name of the Aerospace Related Product, or the
name of the Products specific to a Party Concerned for publicity or commercial purposes, and/or for
the promotion of its own image, or any other type of publicity, without the prior written agreement
of the relevant Party Concerned.

Moreover, the Parties Concerned each undertake to each other that they shall not exhibit or
distribute to third parties the Items specific to a Party Concerned, except with that Party
Concerned’s authorisation in writing.

In addition, it must be noted that no publicity is authorised, even for internal corporate
purposes, in the case of suspension or withdrawal of the qualification by the Purchaser, or in the
case of Contract termination for Supplier’s default, except as required by law or regulation. If
this Contract is determined to be a material contract to Supplier’s business under U.S. Securities
laws, the Supplier will make its best endeavours to enforce the confidentiality of the Contract
while abiding by the public disclosure requirements of such laws, and in particular but will take
all available precautions to seek confidential treatment of the terms of the Contract considered as
business secrecy, such as Product pricing, by the U.S. Securities and Exchange Commission.

It is expressly agreed that the Supplier may make public announcement of this Contract upon
execution. The content of such public announcement will be submitted to the Purchaser for approval
prior to its release. Such approval shall not be unreasonably withheld or delayed.

Article 17: INTELLECTUAL PROPERTY

	17.1	 	Confidentiality

For the purpose of this Article 17, EADS Deutschland GmbH, the Supplier, the Purchaser and the
Purchaser Enabled Supplier shall be called collectively the “Parties Concerned” or individually the
“Party Concerned”

The Parties Concerned agree to keep confidential for the whole duration of this Contract and ten
(10) years after its expiry and/or termination, the confidential information of any nature or form
whatsoever made available to each other in the course of pre-contractual negotiations and Contract
performance.

Each Party Concerned shall secure for the benefit of the other Parties Concerned the assurance that
the personnel of each Party Concerned will observe the confidential nature of the said information
for the same ten (10) years after the Contract expiry and/or termination. Confidential information
shall include commercially sensitive information such as, but not limited to, quantities, build
rates, corresponding aeroplane programme, pricing and cost, as well as all technological
information including manufacturing techniques, product application, information regarding the
aeroplane itself or aeroplane sub-components.

The confidentiality obligation shall remain valid as long as:

	(i)	 	the information does not belong to the public domain;
	 
	(ii)	 	the respective Party Concerned has not given its prior approval in writing as to such
disclosure.

The confidentiality obligation shall not apply to information:

	(i)	 	which is publicly known to belong to the public domain at the time of disclosure;
	 
	(ii)	 	which is known legitimately by a Party Concerned prior to disclosure, providing however an
evidence can be provided by the disclosing Party Concerned through supporting documents duly
dated;
	 
	(iii)	 	which is communicated legitimately by a third party to the disclosing Party Concerned.

					
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	(iv)	 	which is communicated in confidence to a Party Concerned’s professional advisers.

The Purchaser shall use all reasonable endeavours to ensure that the Purchaser Enabler Supplier
observe the provisions of this Article 17 as fully as if they were parties to this Contract.

	17.2	 	Infringement

The Supplier shall indemnify and hold harmless the Purchaser or the Purchaser Enabler Supplier as
the case maybe from and against any third party claims relating to the intellectual property of
Products delivered to the Purchaser or the Purchaser Enabler Supplier under this Contract, and
shall bear all consequences and financial sanctions that may result from the said claims for the
Purchaser and/or the Purchaser Enabler Supplier.

Moreover, the Supplier shall, at its own cost, either obtain the right for the Purchaser and/or the
Purchaser Enabler Supplier to continue using the Products delivered, or replace or modify the said
Products so they cease to constitute an infringement, while ensuring the functions defined
initially by the Purchaser and the Supplier, or, if the foregoing is not feasible take back and
replace the Products delivered by equivalent Products approved by the Purchaser, without prejudice
to the damages that may be claimed to compensate the prejudice sustained by the Purchaser and/or
the Purchaser Enabler Supplier.

In addition, the Supplier hereby declares that any delivery to the Purchaser and/or the Purchaser
Enabler Supplier corresponds, for the Products delivered, to the exhaustion of its intellectual
property rights for all countries in the world and that, consequently, no infringement action shall
be taken against the Purchaser and/or the Purchaser Enabler Supplier, its intermediaries and its
Customers for the possession, use, repair, import and/or putting on the market of one of the
Products delivered by the Supplier to the Purchaser and the Purchaser Enabler Supplier under this
Contract.

The Supplier shall indemnify and hold harmless the Purchaser from and against any third party
claims relating to the intellectual property of Sponge, procured by the Supplier under this
Contract on an enabled supplier basis against the Purchaser’s contract for Sponge, and shall bear
all consequences and financial sanctions that may result from the said claims for the Purchaser.

This warranty of quiet enjoyment (“garantie d’éviction”) and the associated obligations shall
remain effective as long as one of the Aerospace Related Products delivered is operated by the
Customer.

Article 18: CONTRACT AMENDMENT

Any modification to any terms of this Contract shall be formalised by an amendment signed by duly
authorised representative(s) of each of the parties hereto.

Any modification to any terms of a Procurement Order shall be formalised by an amendment signed by
duly authorised representative(s) of the Supplier and the Purchaser or the Purchaser Enabled
Supplier as the case maybe.

Article 19: ASSIGNMENT

The rights and/or obligations of the Supplier and the Purchaser under this Contract shall under no
circumstances be assigned or transferred, or be the subject of a novation, delegation, in whole or
in part, without the prior written consent of the other party; such consent shall not be
unreasonably withheld. Notwithstanding the foregoing, EADS Deutschland GmbH and/or the Purchaser
shall have the right to assign at any time any of its benefits, rights and remedies and/or transfer
its obligations under the Contract and/or any Procurement Order to any EADS subsidiary or
affiliates in the case of any merger, consolidation and re-organisation of EADS Group .

Article 20: TERMINATION

For the sake of clarity, whenever the Purchaser’s right to terminate is mentioned in this Article
(or
elsewhere in this Contract), it shall mean:

(i) EADS Deutschland GmbH as far as Contract termination is concerned, and

					
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(ii) the Purchaser or the Purchaser Enabled Supplier having placed the relevant Order as far as
termination of such Order is concerned.

	20.1	 	Termination for Force Majeure

If, by reason of Force Majeure, EADS Deutschland GmbH, the Purchaser, the Supplier or the Purchaser
Enabled Supplier cannot resume normal fulfilment of its obligations within sixty (60) calendar days
following the date of notification of the said event, this Contract and/or Procurement Orders in
progress may be terminated automatically by EADS Deutschland GmbH, the Purchaser, the Supplier or
the Purchaser Enabled Supplier as the case maybe without liability for direct or consequential
damages. The termination notice shall specify the effective termination date. As of the effective
termination date, EADS Deutschland GmbH, the Purchaser, the Supplier and/or the Purchaser Enabled
Supplier as the case maybe shall proceed to the termination account in accordance with the
provisions of Article 20.5 (Termination Account).

	20.2	 	Termination for Supplier’s Default

In case of Supplier’s non compliance or non fulfilment, in whole or in part, of any of its
obligations pursuant to this Contract and/or a Procurement Order for reasons other than those due
to a case of Force Majeure, the Purchaser may, following the procedure set forth in Article 20.4,
terminate for Supplier’s default, the Contract and/or Procurement Orders in progress, in whole or
in part, without prejudice to the damages the Purchaser would be entitled to claim as an
indemnification for the damage sustained, in accordance with Article 14.3 (Contractual Liability).

The termination notice shall specify the effective date of termination. As of the effective
termination date, the Parties shall proceed to the termination account in accordance with the
provisions of Article 20.5 (Termination Account). If:

	(i)	 	after initiation of insolvency proceedings against the Supplier, the receiver or the
Supplier, with the authorisation of the insolvency judge (“juge-commissaire”), decides not to
continue this Contract and/or Procurement Order fulfilment; or
	 
	(ii)	 	after initiation of liquidation proceedings due to discontinuance of all business by the
Supplier or obvious incapacity of the Supplier to redress the company:

the Purchaser shall be entitled to terminate forthwith this Contract and/or Procurement Orders in
progress in whole or in part, by registered mail with acknowledgement of receipt, without
compensation to the Supplier. As of the effective termination date, the Parties shall proceed to
the termination account in accordance with the provisions of Article 20.5 (Termination Account).

In the case set forth in Article 21 (Modification of Supplier’s Legal Situation), the Purchaser
shall be entitled to terminate automatically this Contract and/or Procurement Orders without
compensation to the Supplier by registered mail with acknowledgement of receipt. The notification
shall specify the effective termination date. As of the effective termination date, the Parties
shall proceed to the termination account in accordance with the provisions of Article 20.5
(Termination Account).

	20.3	 	Termination for Purchaser’s Default

In the case of Purchaser’s non compliance or non fulfilment, in whole or in part, of any of its
obligations pursuant to this Contract and/or Procurement Order for reasons other than those due to
a case of Force Majeure, the Supplier may, following the procedure set forth in 20.4, terminate for
the Purchasers default, Procurement Orders in progress, in whole or in part. In the case of
Purchaser’s breach of its Market Share obligations detailed in Appendix 2 for reasons other than
those due to a case of Force Majeure, the Supplier may terminate the Contract and/or Procurement
Orders in progress, in whole or in part.

The notification shall specify the effective date of termination. As of the effective termination
date, the Parties shall proceed to the termination account in accordance with the provisions of
Article 20.5 (Termination Account). If:

	(i)	 	after initiation of insolvency proceedings against the Purchaser, the receiver or Purchaser,
with the authorisation of the insolvency judge (“juge-commissaire”), decides not to continue
this Contract and/or Procurement Order fulfilment; or
	 
	(ii)	 	after initiation of liquidation proceedings due to discontinuance of all business by the
Purchaser or obvious incapacity of the Purchaser to redress the company;

the Supplier shall be entitled to terminate forthwith Procurement Orders in progress in whole or in
part, by

					
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registered mail with acknowledgement of receipt, without compensation to the Purchaser.
As of the effective termination date, the relevant parties shall proceed to the termination account
in accordance with the provisions of Article 20.5 (Termination Account).

	20.4	 	Termination Procedure

In the case of a termination for default under 20.2 or 20.3 above, if the relevant parties fail to
resolve the matter amicably within a period of three (3) months from the date that the
non-defaulting party notifies the defaulting party of a default by formal notice sent by registered
mail with acknowledgment of receipt, then such matter shall be escalated to the appropriate
management level for resolution. If such matter remains unresolved at the end of the one-month
period following such escalation, the non-defaulting party shall have the right to terminate with
six-months’ prior notice.

	20.5	 	Termination Account

As of the effective termination date, the Supplier shall cease all operations relating to this
Contract and the Procurement Orders so terminated, in its plants and in the plants of its own
suppliers and subcontractors. The Supplier shall send immediately to the Purchaser a status report
for the Products in progress, accompanied with all necessary justification documents.

The termination account shall not include any expenses corresponding to Product manufacturing
activities subsequent to the date of notification of termination, and shall be presented as
follows:

	(i)	 	At Supplier’s Debit:

	 	•	 	the amounts already paid to the Supplier by the Purchaser for the Products
delivered before the effective termination date,
	 
	 	•	 	the amount of the damages due and not paid by the Supplier, and
	 
	 	•	 	if the termination is due to Supplier’s default:

	 	•	 	the amount of the expenses incurred by the Purchaser to remedy the
Supplier’s default, including but not limited to expenses relating to the transfer
of manufacturing to the Purchaser’s plants or to the plants of another supplier,
change of site, transfer, installation and adaptation of tools if applicable.
	 
	 	•	 	damages for all prejudices caused directly or indirectly to the
Purchaser as a result of the termination.

	(ii)	 	At Supplier’s Credit:

	 	•	 	the contractual value of the Products manufactured and not delivered, after
performance of the acceptance inspections within the limits of the production plan
derived from the contractual delivery lead times and cycles;
	 
	 	•	 	in the event of purchase by the Purchaser, the value of the Products in
progress calculated according to the progress status on the basis of the contractual
price, within the limits of the above-mentioned production plan, subject to compliance
with the Quality requirements;
	 
	 	•	 	the price of the procurements kept by the Supplier if any, for the purpose
of performing the Procurement Orders terminated, if the Supplier cannot use them
subsequently to meet third party needs.

The Supplier shall under no circumstances, under the terms of a termination account, receive any
amount higher than the amount that would have been payable to it in the case of full execution of
the Procurement Orders,.

The Purchaser and the Supplier shall carry out a termination inventory on the stocks, of raw
materials, parts, equipment and tools. In this respect, the Purchaser shall instruct the Supplier
to deliver or not to deliver, as appropriate, the items listed in the inventory.

Article 21: MODIFICATION OF LEGAL SITUATION

EADS Deutschland GmbH, the Purchaser, the Supplier shall inform each other of any significant
modification that may occur in the composition of the company capital such as changes in majority
shareholding, merger, absorption as well as any court decision initiating insolvency proceedings.

					
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EADS Deutschland GmbH, the Purchaser, the Supplier shall inform each other of any acquisition of
shareholding, even in the case of a minority shareholding, by any company in the aerospace and
defence sector, competing with the Purchaser or the Supplier as the case maybe.

If a third party acquires control, directly or indirectly, of the Supplier’s company the said third
party shall guarantee the performance of this Contract and associated Procurement Orders and assume
full and joint responsibility for the Supplier’s contractual obligations by an undertaking notified
in writing to the Purchaser.

Article 22: FORCE MAJEURE

22.1 the Purchaser, the Supplier or the Purchaser Enabled Supplier (“Party Affected”) shall not be
held responsible for the non fulfilment of its contractual obligations due to an event of Force
Majeure, i.e. an unforeseeable, irresistible event beyond the control of the Party affected. In
this case, except in the case of a strike, subject to Article 22.2 below, the contractual
obligations of the Party Affected shall be suspended as of the date of receipt of the notification
by the other party non affected.

The notification and all supporting documents demonstrating the reality of such an event shall
indicate in particular the foreseeable date of return to satisfactory performance of the Contract
and/or Procurement Orders concerned, as well as the measures taken to remedy the consequences of
the event of Force Majeure. The Party Affected shall keep the other party non affected regularly
informed of the evolution of the situation.

As soon as the hindrance due to the case of Force Majeure ceases to exist, and subject to the
provisions of Article 20.1 (Termination for Force Majeure), the Party Affected shall inform the
other party affected forthwith and the suspended contractual obligations shall resume for the
remaining duration of this Contract and/or Procurement Orders.

Any case of Force Majeure not notified in writing within fifteen (15) business days following its
occurrence shall not vest in the Party claiming the case of Force Majeure the right to enforce this
Article 22.

22.2 In the event of a strike at either Party’s manufacturing facilities, the Party affected by the
strike shall:

	(i)	 	advise the other Party within five (5) business days;
	 
	(ii)	 	make its best endeavour to comply with delivery schedules in force when the strike began;
	 
	(iii)	 	in the event that the original delivery schedule will be affected by the strike, provide a
recovery plan to be mutually agreed by both Parties within fifteen (15) business days from the
notification of the strike.

Article 23: PRECEDENCE

In the event of any ambiguity or conflict arising between the terms of the different contractual
documents below, the order of precedence between all such terms shall be as follows:

	(i)	 	the terms of this Contract with the exception of those defined in the Appendices;
	 
	(ii)	 	the terms of the Appendices;
	 
	(iii)	 	the terms of the Procurement Orders.

Specific technical and / or quality requirements of each Purchaser, owing to the different nature
of each Purchaser’s business, shall be more closely defined in the Procurement Order. Should a
technical / quality conflict exist between the terms of this Contract and the Procurement Order,
then the Procurement Order shall have precedence and this precedence shall relate to that technical
/ quality issue only and shall be valid for the duration of the specific Procurement Order only.

Article 24: SEVERABILITY

Should any of the provisions of this Contract is found by a Court to be void or unenforceable, the
Parties shall negotiate in good faith and agree, within a period of two (2) months commencing on
the date of the said Court decision, the terms of a provision which has the same economic and
commercial effect as the

					
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provision so found to be void or unenforceable. The new provision shall be
integrated in this Contract in accordance with the provisions of Article 18 (Contract Amendment).

The Parties agree that, should any of the provisions of this Contract be deemed void or
unenforceable, the other provisions of this Contract would remain effective.

Article 25: ARTICLES AND PARAGRAPH HEADINGS

Articles and paragraph headings in this Contract are included for ease reference only and shall not
affect the construction of this Contract.

Article 26: ENTIRE AGREEMENT

This Contract supersedes all previous declarations, negotiations, undertakings, communications,
verbal or written, approvals, arrangements or other commitments made between the Parties and/or the
Purchaser and the Supplier with respect to the subject matter hereof, in particular, but not
limited to, the documentation listed in Appendix 9.

Article 27: NON-WAIVER

Except where applicable law or this Contract requires the exercise of a right within a certain
specified period of time, any delay or omission of any Party in exercising any of its right, power
or privilege under this Contract and/or the Procurement Orders, shall not be construed as a waiver
of the said rights and shall not prejudice subsequent application of the same.

Article 28: FINANCIAL INFORMATION

The Supplier shall provide to the Purchaser on a regular basis financial information and data
enabling the Purchaser to assess the Supplier financial soundness / standing. Such information
includes, but is not limited to comprehensive profit and loss statements, balance sheets and cash
flow statements. The Supplier agrees to provide additional information / comments as necessary from
its Chief Financial Officer and its Auditors. Such information shall be regarded as Confidential
Information in the meaning of Article 17.1 (Confidentiality) and shall be treated in the manner
described therein; provided however, so long as Supplier is a public company, in no event shall
Supplier be required to provide information beyond what it is required to provide to its owners.

Article 29: APPLICABLE LAW AND SETTLEMENT OF DISPUTES

	29.1	 	Applicable Law
	 
	 	 	This Contract and associated Procurement Orders placed hereunder by the Purchaser or any
Purchaser Enabled Supplier shall be governed by and construed and shall take effect in
accordance with the laws of France, excluding the application of the 1980 “United Nations
Convention on Contracts for the International Sale of Goods”.
	 
	29.2	 	Dispute Resolution
	 
	29.2.1	 	Amicable Resolution
	 
	 	 	In the event of a dispute, controversy or claim (“Dispute”), arising out or in connection
with the Contract, including any question regarding its existence, validity or termination,
the Parties or, the Purchaser and the Supplier or the Purchaser enabled Supplier and the
Supplier as the case maybe shall use their best endeavours to resolve the Dispute amicably.
	 
	29.2.2	 	Arbitration
	 
	 	 	If the Parties fail to resolve amicably the Dispute within a period of two (2) months from
the date that one Party notifies another in writing of the existence of a Dispute, then such
Dispute shall be

					
	EADS/Airbus/MAT/CON/353/2010
	 	July 2010
	 	36 of 37

 

 

CONFIDENTIAL AND PROPRIETARY

	 	 	finally determined and settled by arbitration under the Rules of
Arbitration of the International Chamber of Commerce. The number of arbitrators shall be
three (3) and the place of arbitration shall be London, England. The language to be used in
the arbitral proceedings shall be English.
	 
	 	 	Recourse to the courts of any jurisdiction(s) for resolution of the Dispute is expressly
excluded except as provided for in the Rules of Arbitration of the International Chamber of
Commerce concerning Conservatory and Interim measures.

IN WITNESS WHEREOF, the duly appointed representatives of the Parties have agreed to execute this
Contract in two (2) original copies, each Party retaining one (1) of these copies for their
records.

Signed for and on behalf of RTI International Metals, Inc.

	 	 	 	 	 	 	 	 	 

	Signatures:	 	/s/ Dawne S. Hickton	 	 	 	/s/ David Hall
	 	 	 	 	 	 	 
	 

	 	Names:
	 	Dawne S. Hickton
	 	 	 	David Hall
	 

	 	Titles:
	 	Vice Chair, President and CEO
	 	 	 	Senior Vice President – Integrated
	 

	 	 	 	 	 	 	 	Value Chain

Signed by EADS Deutschland GmbH

for and on behalf of the Purchasers

	 	 	 	 	 	 	 	 	 

	Signatures:	 	/s/ Eric Zanin	 	 	 	/s/ Klaus Richter
	 	 	 	 	 	 	 
	 

	 	Names:
	 	Eric Zanin
	 	 	 	Klaus Richter
	 

	 	Titles:
	 	Senior Vice President
	 	 	 	Executive Vice President
	 

	 	 	 	Material and Detailed Parts Procurement
	 	 	 	Procurement
	 

	 	 	 	Airbus S.A.S
	 	 	 	Airbus S.A.S

					
	EADS/Airbus/MAT/CON/353/2010
	 	July 2010
	 	37 of 37exv10w1

Exhibit 10.1

EXECUTION VERSION

U.S. $500,000,000

CREDIT AGREEMENT

Dated as of July 19, 2010

Among

THE LUBRIZOL CORPORATION

as Borrower

and

THE INITIAL LENDERS NAMED HEREIN

as Initial Lenders

KEYBANK NATIONAL ASSOCIATION

and

THE ROYAL BANK OF SCOTLAND PLC

as Co-Syndication Agents

DEUTSCHE BANK SECURITIES INC.

and

JPMORGAN CHASE BANK, N.A.

as Co-Documentation Agents

and

CITIBANK, N.A.

as Agent

 

CITIGROUP GLOBAL MARKETS INC.

and

KEYBANK NATIONAL ASSOCIATION

as Co-Lead Arrangers and Co-Bookrunners

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	 	 	Page 
	ARTICLE I  DEFINITIONS AND ACCOUNTING TERMS	 	2
	 
	 	Section 1.01.                      Certain Defined Terms	 	2
	 
	 	Section 1.02.                      Computation of Time Periods	 	15
	 
	 	Section 1.03.                      Accounting Terms	 	15
	ARTICLE II  AMOUNTS AND TERMS OF THE ADVANCES AND LETTERS OF CREDIT	 	15
	 
	 	Section 2.01.                      The Advances and Letters of Credit	 	15
	 
	 	Section 2.02.                      Making the Advances	 	16
	 
	 	Section 2.03.                      Issuance of and Drawings and Reimbursement Under Letters of Credit	 	17
	 
	 	Section 2.04.                      Fees	 	18
	 
	 	Section 2.05.                      Termination or Reduction of the Commitments	 	19
	 
	 	Section 2.06.                      Repayment	 	19
	 
	 	Section 2.07.                      Interest on Advances	 	20
	 
	 	Section 2.08.                      Interest Rate Determination	 	21
	 
	 	Section 2.09.                      Optional Conversion of Advances	 	21
	 
	 	Section 2.10.                      Prepayments of Advances	 	21
	 
	 	Section 2.11.                      Increased Costs	 	22
	 
	 	Section 2.12.                      Illegality	 	23
	 
	 	Section 2.13.                      Payments and Computations	 	23
	 
	 	Section 2.14.                      Taxes	 	24
	 
	 	Section 2.15.                      Sharing of Payments, Etc	 	26
	 
	 	Section 2.16.                      Evidence of Debt	 	26
	 
	 	Section 2.17.                      Use of Proceeds	 	26
	 
	 	Section 2.18.                      Increase in the Commitments	 	27
	ARTICLE III  CONDITIONS TO EFFECTIVENESS AND LENDING	 	28
	 
	 	Section 3.01.                      Conditions Precedent to Effectiveness of Section 2.01	 	28
	 
	 	Section 3.02.         Conditions Precedent to the Initial Borrowing of Each Designated Subsidiary	 	30
	 
	 	Section 3.03.         Conditions Precedent to Each Borrowing, Issuance and Commitment Increase	 	30
	 
	 	Section 3.04.         Determinations Under Section 3.01	 	31
	 
	 	Section 3.05.         Additional Conditions to Issuance	 	31

i

 

TABLE OF CONTENTS

(continued)

	 	 	 	 	 
	 	 	 	 	Page 
	ARTICLE IV  REPRESENTATIONS AND WARRANTIES	 	31
	 
	 	Section 4.01.         Representations and Warranties of the Company	 	31
	ARTICLE V  COVENANTS OF THE BORROWERS	 	33
	 
	 	Section 5.01.         Affirmative Covenants	 	33
	 
	 	Section 5.02.         Negative Covenants	 	35
	 
	 	Section 5.03.         Financial Covenants	 	38
	ARTICLE VI  EVENTS OF DEFAULT	 	38
	 
	 	Section 6.01.         Events of Default	 	38
	 
	 	Section 6.02.         Actions in Respect of the Letters of Credit upon Default	 	40
	ARTICLE VII  GUARANTY	 	40
	 
	 	Section 7.01.         Guaranty	 	40
	 
	 	Section 7.02.         Guaranty Absolute	 	41
	 
	 	Section 7.03.         Waivers and Acknowledgments	 	42
	 
	 	Section 7.04.         Subrogation	 	42
	 
	 	Section 7.05.         Subordination	 	43
	 
	 	Section 7.06.         Continuing Guaranty; Assignments	 	43
	ARTICLE VIII  THE AGENT	 	44
	 
	 	Section 8.01.         Authorization and Action	 	44
	 
	 	Section 8.02.         Agent’s Reliance, Etc	 	44
	 
	 	Section 8.03.         Citibank and Affiliates	 	44
	 
	 	Section 8.04.         Lender Credit Decision	 	45
	 
	 	Section 8.05.         Indemnification	 	45
	 
	 	Section 8.06.         Successor Agent	 	46
	 
	 	Section 8.07.         Other Agents	 	46
	ARTICLE IX  MISCELLANEOUS	 	46
	 
	 	Section 9.01.         Amendments, Etc	 	46
	 
	 	Section 9.02.         Notices, Etc	 	47
	 
	 	Section 9.03.         No Waiver; Remedies	 	48
	 
	 	Section 9.04.         Costs and Expenses	 	48
	 
	 	Section 9.05.         Right of Set-off	 	49
	 
	 	Section 9.06.         Binding Effect	 	50

ii

 

TABLE OF CONTENTS

(continued)

	 	 	 	 	 
	 	 	 	 	Page 
	 
	 	Section 9.07.         Assignments and Participations	 	50
	 
	 	Section 9.08.         Confidentiality	 	53
	 
	 	Section 9.09.         Governing Law	 	53
	 
	 	Section 9.10.         Execution in Counterparts	 	53
	 
	 	Section 9.11.         Jurisdiction, Etc	 	53
	 
	 	Section 9.12.         Designated Subsidiaries	 	54
	 
	 	Section 9.13.         No Liability of the Issuing Banks	 	54
	 
	 	Section 9.14.         Patriot Act	 	54
	 
	 	Section 9.15.         Waiver of Jury Trial	 	54

iii

 

	 	 	 
	Schedules	 	 
	Schedule I

	 	List of Applicable Lending Offices
	Schedule 2.01(b)

	 	Existing Letters of Credit
	Schedule 3.01(b)

	 	Disclosed Litigation
	Schedule 5.02(a)

	 	Existing Liens

	 	 	 
	Exhibits	 	 
	Exhibit A

	 	Form of Note
	Exhibit B

	 	Form of Notice of Borrowing
	Exhibit C

	 	Form of Assignment and Acceptance
	Exhibit D

	 	Form of Opinion of Counsel for the Company
	Exhibit E

	 	Form of Designation Letter

 

 

FIVE-YEAR CREDIT AGREEMENT

Dated as of July 19, 2010

THE LUBRIZOL CORPORATION, an Ohio corporation (the “Company”), the banks, financial
institutions and other institutional lenders (the “Initial Lenders”) and initial issuing
banks (the “Initial Issuing Banks”) listed on the signature pages hereof, CITIGROUP GLOBAL
MARKETS INC. and KEYBANK NATIONAL ASSOCIATION as co-lead arrangers and co-bookrunners, KEYBANK
NATIONAL ASSOCIATION and THE ROYAL BANK OF SCOTLAND PLC, as co-syndication agents, DEUTSCHE BANK
SECURITIES INC. and JPMORGAN CHASE BANK, N.A., as co-documentation agents, and CITIBANK, N.A.
(“Citibank”), as administrative agent (the “Agent”) for the Lenders, 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):

     “Act” has the meaning specified in Section 9.14.

     “Advance” means an advance by a Lender to the Borrower as part of a Borrowing under
Section 2.01(a) and refers to a Base Rate Advance or a Eurodollar Rate Advance (each of which shall
be a “Type” of Advance).

     “Agent” has the meaning specified in the preamble hereto.

     “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 5% or more of the Voting Stock of such Person or to direct
or cause the direction of the management and policies of such Person, whether through the ownership
of Voting Stock, by contract or otherwise.

     “Agent’s Account” means the account of the Agent maintained by the Agent at Citibank
at its office at 1615 Brett Rd, Bldg #3, New Castle, Delaware 19720, Account No. 36852248,
Attention: Bank Loan Syndications.

     “Applicable Lending Office” means, with respect to each Lender, such Lender’s Domestic
Lending Office in the case of a Base Rate Advance and such Lender’s Eurodollar Lending Office in
the case of a Eurodollar Rate Advance.

     “Applicable Facility Fee Rate” means, with respect to the Revolving Credit Facility as
of any date, a percentage per annum determined by reference to the Public Debt Rating in effect on
such date as set forth below:

2

 

	 	 	 
	Public Debt Rating	 	Applicable
	S&P/Moody’s	 	Facility Fee Rate
	Level 1
	 	 
	A or A2 or above
	 	0.200%
	Level 2
	 	 
	A- or A3
	 	0.250%
	Level 3
	 	 
	BBB+ or Baa1
	 	0.300%
	Level 4
	 	 
	BBB or Baa2
	 	0.425%
	Level 5
	 	 
	Lower than Level 4
	 	0.550%

     “Applicable Margin” means with respect to the Base Rate Advances or the Eurodollar
Rate Advances under the Revolving Credit Facility as of any date, a percentage per annum determined
by reference to the Public Debt Rating in effect on such date as set forth below:

	 	 	 	 	 
	Public Debt Rating	 	Applicable Margin for	 	Applicable Margin for
	S&P/Moody’s	 	Eurodollar Rate Advances	 	Base Rate Advances
	Level 1
	 	 	 	 
	A or A2 or above
	 	1.30%	 	0.30%
	Level 2
	 	 	 	 
	A- or A3
	 	1.50%	 	0.50%
	Level 3
	 	 	 	 
	BBB+ or Baa1
	 	1.70%	 	0.70%
	Level 4
	 	 	 	 
	BBB or Baa2
	 	1.825%	 	0.825%
	Level 5
	 	 	 	 
	Lower than Level 4
	 	1.950%	 	0.950%

     “Assignment and Acceptance” means an assignment and acceptance entered into by a
Lender and an Eligible Assignee, and accepted by the Agent, in substantially the form of
Exhibit C hereto.

     “Assuming Lender” has the meaning specified in Section 2.18(d).

     “Assumption Agreement” has the meaning specified in section 2.18(d)(ii).

     “Available Amount” of any Letter of Credit means, at any time, the maximum amount
available to be drawn under such Letter of Credit at such time (assuming compliance at such time
with all conditions to drawing).

     “Base Rate” means, for any period, a fluctuating interest rate per annum as shall be
in effect from time to time, which rate per annum shall be equal at all times to the highest of the
following:

     (a) the rate of interest announced publicly by Citibank in New York, New York, from time to
time, as Citibank’s base rate;

     (b) the sum (adjusted to the nearest 0.25% or, if there is no nearest 0.25%, to the next
higher 0.25%) of (i) 0.5% per annum, plus (ii) the rate per annum obtained by dividing
(A) the

3

 

latest three-week moving average of secondary market morning offering rates in the United
States for three-month certificates of deposit of major United States money market banks, such
three-week moving average being determined weekly on each Monday (or, if any such day is not a
Business Day, on the next succeeding Business Day) for the three-week period ending on the
previous Friday by Citibank on the basis of such rates reported by certificate of deposit dealers
to and published by the Federal Reserve Bank of New York or, if such publication shall be
suspended or terminated, on the basis of quotations for such rates received by Citibank from
three New York certificate of deposit dealers of recognized standing selected by Citibank in the
sound exercise of its commercially reasonable determination, by (B) a percentage equal to 100%
minus the average of the daily percentages specified during such three-week period by the
Federal Reserve Board for determining the maximum reserve requirement (including any emergency,
supplemental or other marginal reserve requirement) for Citibank in respect of liabilities
consisting of or including (among other liabilities) three-month U.S. dollar nonpersonal time
deposits in the United States plus (iii) the average during such three-week period of the
maximum annual assessment rates estimated by Citibank for determining the then current annual
assessment payable by Citibank to the Federal Deposit Insurance Corporation (or any successor)
for insuring U.S. dollar deposits in the United States; and

     (c) the sum of (i) 0.5% per annum plus (ii) the Federal Funds Rate.

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

     “Borrowers” means, collectively, the Company and each Designated Subsidiary that shall
become a Borrower hereunder pursuant to Section 9.12.

     “Borrowing” means a borrowing consisting of simultaneous Advances of the same Type
made by the Revolving Credit Lenders.

     “Borrowing Minimum” means $10,000,000.

     “Borrowing Multiple” means $1,000,000.

     “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.

     “Citibank” means Citibank, N.A.

     “Commitment” means a Revolving Credit Commitment or a Letter of Credit Commitment.

     “Commitment Date” has the meaning specified in Section 2.18(b).

     “Commitment Increase” has the meaning specified in Section 2.18(a).

     “Company” has the meaning specified in the preamble hereto.

     “Confidential Information” means information that the Company furnishes to the Agent
or any Lender in a writing designated as confidential, but does not include any such information
that is generally available to the public or that is available to the Agent or such Lender on a
non-confidential

4

 

basis from a source other than the Company that is, to the knowledge of the Agent or such
Lender, not acting in breach of any confidentiality agreement.

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

     “Consolidated EBITDA” means, for any period, (a) Consolidated net income, plus
(b) to the extent deducted in determining such Consolidated net income, the sum of, on a
Consolidated basis and without duplication: (i) interest expense, (ii) income tax expense, (iii)
depreciation expense, (iv) amortization expense, (v) depletion expense, (vi) extraordinary, unusual
or non-recurring non-cash losses, including goodwill expense and non-cash losses from the sale,
exchange, transfer or other disposition of property of the Company or its Subsidiaries and the
related tax effects in accordance with GAAP, (vii) extraordinary, unusual or non-recurring cash
losses, expenses or charges incurred or paid in calendar years 2009 or 2010, and all fees and
expenses incurred in connection with any acquisition consummated in calendar years 2009 or 2010,
minus (c) to the extent included in determining such Consolidated net income, the sum of,
on a Consolidated basis and without duplication: (i) the income of any Person (other than a wholly
owned Subsidiary of the Company) in which any Person other than the Company or any of its
Subsidiaries has a joint interest or a partnership interest or other ownership interest, except to
the extent of the amount of dividends or other distributions actually paid to the Company or any of
its Subsidiaries by such Person during such period, (ii) gains from the sale, exchange, transfer or
other disposition of property or assets of the Company and its Subsidiaries (other than inventory
sold in the ordinary course of business), and related tax effects in accordance with GAAP, (iii)
any other extraordinary, unusual or non-recurring gains or other income not from the continuing
operations of the Company and its Subsidiaries, and related tax effects in accordance with GAAP and
(iv) the income of any Subsidiary of the Company to the extent that the declaration or payment of
dividends or similar distributions by that Subsidiary of that income is not at the time permitted
by operation of the terms of its charter or any agreement, instrument, judgment, decree, order,
statute, rule or governmental regulation applicable to that Subsidiary. For the purpose of
calculating Consolidated EBITDA for any period, if during such period the Company or any Subsidiary
shall have made an acquisition of any Person, Consolidated EBITDA for such period shall be
calculated after giving pro forma effect thereto as if such acquisition occurred on the first day
of such period.

     “Consolidated Tangible Net Assets” means, as at any date, the aggregate amount of
Consolidated assets (less depreciation, amortization and other applicable reserves and other items
deductible therefrom under GAAP) after deducting therefrom (a) all current liabilities (excluding
any thereof which are by their terms extendible or renewable at the option of the obligor thereon
to a time more than 12 months after the time as of which the amount thereof is being computed), (b)
all goodwill, tradenames, trademarks, patents and other intangibles, in each case net of applicable
amortization and (c) appropriate adjustments on account of minority interests of other Persons
holding stock of the Company’s Subsidiaries, all as would be shown on a Consolidated balance sheet
of the Company and its Subsidiaries and determined in accordance with GAAP.

     “Convert”, “Conversion” and “Converted” each refers to a conversion of
Advances of one Type into Advances of the other Type pursuant to Section 2.08 or 2.09.

     “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 not overdue by more than 120 days incurred in the ordinary
course of such Person’s business; provided, that trade payables which are overdue by more than 120
days shall not be included so long as payment of such is being contested in good faith and by
proper proceedings), (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

5

 

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 leases that have been or
should be, in accordance with GAAP, recorded as capital leases, (f) all obligations, contingent or
otherwise, of such Person in respect of acceptances, letters of credit or similar extensions of
credit, (g) all Invested Amounts, (h) all Debt of others referred to in clauses (a) through (g)
above or clause (i) below and other payment obligations guaranteed directly or indirectly in any
manner by such Person, or in effect guaranteed directly or indirectly by such Person
(“Guaranteed Debt”) through an agreement (1) to pay or purchase such Guaranteed Debt or to
advance or supply funds for the payment or purchase of such Guaranteed Debt, (2) to purchase, sell
or lease (as lessee or lessor) property, or to purchase or sell services, primarily for the purpose
of enabling the debtor to make payment of such Guaranteed Debt or to assure the holder of such
Guaranteed Debt against loss, (3) to supply funds to or in any other manner invest in the debtor
(including any agreement to pay for property or services irrespective of whether such property is
received or such services are rendered) or (4) otherwise to assure a creditor against loss, and (i)
all Debt referred to in clauses (a) through (h) above 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 Debt; provided, that Debt
shall not include transactions in the ordinary course of business by the Company or its directly or
indirectly held Subsidiaries with customers and vendors in the form of (x) commitments to lend or
loans to customers that are repayable either over an agreed period of time or at the time of
purchases by the customers of products of the Company or its Subsidiaries and (y) advances made to
vendors that are treated either repayable over a period of time or as advance payments for products
to be purchased by the Company or its Subsidiaries from the vendor.

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

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

     “Defaulting Lender” means any Lender that (a) has failed to fund any portion of the
Advances or participations in Letters of Credit required to be funded by it hereunder within three
Business Days of the date required to be funded by it hereunder unless such failure has been cured,
(b) has otherwise failed to pay over to the Agent or any other Lender any other amount required to
be paid by it hereunder within three Business Days of the date when due, unless the subject of a
good faith dispute or unless such failure has been cured, (c) has notified the Borrower or the
Agent in writing, or has otherwise indicated through a written statement or public announcement,
that it does not intend to fund the Advances or participation in Letters of Credit as required
hereunder or that it does not intend to comply with its funding obligations generally under
agreements in which it commits to extend credit or has failed to confirm in writing to the
Borrowers and the Agent such Lender’s intention to fund Advances and participations in Letters of
Credit as required hereunder within ten (10) Business Days after receipt of a written request for
such confirmation from the Borrowers or the Agent, or (d) has been or a Parent Company of such
Lender has been deemed insolvent or become the subject of bankruptcy or insolvency or similar
proceeding or the appointment of the Federal Deposit Insurance Corporation or other receiver,
custodian, conservator, trustee or similar official with respect to such Lender’s business or
properties; provided that, for the avoidance of doubt, a Lender shall not be Defaulting Lender
solely by virtue of the ownership or acquisition of any equity interest in such Lender or a Parent
Company of such Lender or the exercise of control over such Lender or a Parent Company of such
Lender by a governmental authority or an instrumentality thereof. Any determination that a Lender
is a Defaulting Lender under clauses (a) through (d) above will be made by the Agent in its sole
discretion acting in good faith. The Agent will promptly send to all parties hereto a copy of any
notice to the Borrowers provided for in this definition.

6

 

     “Designated Subsidiary” means any Subsidiary organized within the United States,
directly or indirectly wholly owned by the Company and designated after the date of this Agreement
for borrowing privileges hereunder pursuant to Section 9.12.

     “Designation Letter” means a letter entered into by a Designated Subsidiary, the
Company and the Agent, in substantially the form of Exhibit E hereto, pursuant to which
such Designated Subsidiary shall become a Borrower hereunder in accordance with Section 9.12.

     “Disclosed Litigation” has the meaning specified in Section 3.01(b).

     “Domestic Lending Office” means, with respect to any Lender, the office of such Lender
specified as its “Domestic Lending Office” opposite its name on Schedule I hereto or in the
Assumption Agreement or in the Assignment and Acceptance pursuant to which it became a Lender, or
such other office of such Lender as such Lender may from time to time specify to the Borrowers and
the Agent.

     “Domestic Subsidiary” means each Subsidiary of the Company organized in the United
States or a political subdivision thereof.

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

     “Eligible Assignee” means (i) a Lender; (ii) an Affiliate of a Lender; and (iii) any
other Person (unless such Person is taking delivery of an assignment in connection with physical
settlement of a credit derivative transaction) approved by the Agent and, unless an Event of
Default has occurred and is continuing at the time any assignment is effected in accordance with
Section 9.07, the Company, such approval not to be unreasonably withheld or delayed; provided,
however, that neither the Company nor an Affiliate of the Company shall qualify as an Eligible
Assignee.

     “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 in any way to any Environmental Law, Environmental
Permit or Hazardous Materials or arising from alleged injury or threat of injury to health, safety
or 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 any third party for damages, contribution, indemnification,
cost recovery, compensation or injunctive relief.

     “Environmental Law” means any federal, state, local or foreign statute, law,
ordinance, rule, regulation, code, order, judgment, decree or judicial or agency interpretation,
policy or guidance relating to pollution or protection of the environment, health, safety 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.

     “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from
time to time, and the regulations promulgated and rulings issued thereunder.

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

7

 

     “ERISA Event” means (a) (i) the occurrence of a reportable event, within the meaning
of 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, or (ii) the requirements of subsection (1) of
Section 4043(b) of ERISA (without regard to subsection (2) of such Section) are met with respect to
a contributing sponsor, as defined in Section 4001(a)(13) of ERISA, of a Plan, and an event
described in paragraph (9), (10), (11), (12) or (13) of Section 4043(c) of ERISA is reasonably
expected to occur with respect to such Plan within the following 30 days; (b) the application for a
minimum funding waiver with respect to a Plan; (c) the provision by the administrator of any Plan
of a notice of intent to terminate such Plan pursuant to Section 4041(a)(2) of ERISA (including any
such notice with respect to a plan amendment referred to in Section 4041(e) of ERISA); (d) the
cessation of operations at a facility of the Company or any ERISA Affiliate in the circumstances
described in Section 4062(e) of ERISA; (e) the withdrawal by the Company 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 the 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, a Plan.

     “Eurocurrency Liabilities” has the meaning assigned to that term in Regulation D of
the Federal Reserve Board, as in effect from time to time.

     “Eurodollar Lending Office” means, with respect to any Lender, the office of such
Lender specified as its “Eurodollar Lending Office” opposite its name on Schedule I hereto or in
the Assumption Agreement or in the Assignment and Acceptance pursuant to which it became a Lender
(or, if no such office is specified, its Domestic Lending Office), or such other office of such
Lender as such Lender may from time to time specify to the Borrowers and the Agent.

     “Eurodollar Rate” means, with respect to any Interest Period for any Eurodollar Rate
Advance, an interest rate per annum equal to the rate per annum obtained by dividing (a) the rate
determined by the Agent to be the offered rate for deposits in U.S. dollars for the applicable
Interest Period appearing on the Reuters LIBOR01 Page as of 11:00 a.m., London time, on the second
full Business Day next preceding the first day of each Interest Period by (b)(i) a percentage equal
to 100% minus (ii) the reserve percentage applicable two Business Days before the first day
of such Interest Period under regulations issued from time to time by the Federal Reserve Board for
determining the maximum reserve requirement (including any emergency, supplemental or other
marginal reserve requirement) for a member bank of the Federal Reserve System in New York City with
respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with
respect to any other category of liabilities that includes deposits by reference to which the
Eurodollar Rate is determined) having a term equal to such Interest Period. In the event that such
rate does not appear on the Reuters LIBOR01 Page (or otherwise on the Reuters screen), the
Eurodollar Rate for the purposes of this definition shall be determined by reference to such other
comparable publicly available service for displaying such rates as may be selected by the Agent,
or, in the absence of such availability, the Eurodollar Rate shall be the rate of interest
determined by the Agent to be the rate per annum at which deposits in U.S. dollars are offered by
the principal office of Citibank in London to major banks in the London interbank market at 11:00
a.m. (London time) two Business Days before the first day of such Interest Period in an amount
substantially equal to the Eurodollar Rate Advance of Citibank for a period equal to such Interest
Period.

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

8

 

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

     “Facility” means the Revolving Credit Facility or the Letter of Credit Facility.

     “Facility Increase” shall have the meaning assigned to such term in Section
2.18.

     “Facility Increase Date” shall have the meaning assigned to such term in
Section 2.18.

     “Facility Increase Notice” shall mean a notice from the Borrowers to the Agent
requesting a Facility Increase.

     “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 on such transactions received by the Agent
from three Federal funds brokers of recognized standing selected by it.

     “Federal Reserve Board” means the Board of Governors of the United States Federal
Reserve System, or any successor thereto.

     “Foreign Assets” means those assets of the Company or any of its Subsidiaries that (a)
consist of capital stock or other equity interests of Subsidiaries that are not Domestic
Subsidiaries, (b) are assets owned by Subsidiaries that are not Domestic Subsidiaries or (c) are
located outside of the United States.

     “GAAP” has the meaning specified in Section 1.03.

     “Governmental Authority” means any nation, sovereign or government, any state or other
political subdivision thereof and any entity or authority exercising executive, legislative,
judicial, regulatory or administrative functions of or generally pertaining to government,
including any central bank or stock exchange and any supranational bodies such as the European
Union or the European Central Bank.

     “Guaranteed Obligations” has the meaning specified in Section 7.01.

     “Guaranty” means the guaranty of the Company set forth in Article VII.

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

	 	 	“Increase Date” has the meaning specified in Section 2.18(a).

	 	 	“Increasing Lender” has the meaning specified in Section 2.18(b).

	 	 	“Initial Issuing Banks” has the meaning specified in the preamble hereto.

	 	 	“Initial Lenders” has the meaning specified in the preamble hereto.

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     “Information Memorandum” means the information memorandum dated June 25, 2010 used by
the Agent in connection with the syndication of the Commitments.

     “Interest Period” means, for each Eurodollar Rate Advance comprising part of the same
Borrowing, the period commencing on the date of such Eurodollar Rate Advance or the date of the
Conversion of any Base Rate Advance into such Eurodollar Rate Advance and ending on the last day of
the period selected by the applicable Borrower pursuant to the provisions below and, thereafter,
with respect to Eurodollar Rate Advances, each subsequent period commencing on the last day of the
immediately preceding Interest Period and ending on the last day of the period selected by such
Borrower pursuant to the provisions below. The duration of each such Interest Period shall be one,
two, three or six months, and subject to clause (c) of this definition, nine or twelve months, as
such Borrower may, upon notice received by the Agent not later than 11:00 A.M. (New York City time)
on the third Business Day prior to the first day of such Interest Period, select; provided,
however, that:

     (a) such Borrower may not select any Interest Period that ends after the Termination Date;

     (b) Interest Periods commencing on the same date for Eurodollar Rate Advances comprising part
of the same Borrowing shall be of the same duration;

     (c) in the case of any such Borrowing, such Borrower shall not be entitled to select an
Interest Period having a duration of nine or twelve months unless, by 2:00 P.M. (New York City
time) on the third Business Day prior to the first day of such Interest Period, each Lender
notifies the Agent that such Lender will be providing funding for such Borrowing with such Interest
Period (the failure of any such Lender to so respond by such time being deemed for all purposes of
this Agreement as an objection by such Lender to the requested duration of such Interest Period);
provided that, if any or all of the Lenders object to the requested duration of such Interest
Period, the duration of the Interest Period for such Borrowing shall be one, two, three or six
months, as specified by the Borrower requesting such Borrowing in the applicable Notice of
Borrowing as the desired alternative to an Interest Period of nine or twelve months;

     (d) whenever the last day of any Interest Period would otherwise occur on a day other than a
Business Day, the last day of such Interest Period shall be extended to occur on the next
succeeding Business Day, provided, however, that, if such extension would cause the last day of
such Interest Period to occur in the next following calendar month, the last day of such Interest
Period shall occur on the next preceding Business Day; and

     (e) whenever the first day of any Interest Period occurs on a day of an initial calendar month
for which there is no numerically corresponding day in the calendar month that succeeds such
initial calendar month by the number of months equal to the number of months in such Interest
Period, such Interest Period shall end on the last Business Day of such succeeding calendar month.

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

     “Invested Amounts” means the amounts invested by investors that are not Affiliates of
the Company in connection with a Permitted Receivables Financing and paid to the Company or any of
its Subsidiaries, as reduced by the aggregate amounts received by such investors from the payment
of receivables and applied to reduce such invested amounts.

10

 

     “Investment” in any Person means any loan or advance to such Person, any purchase or
other acquisition of any capital stock, warrants, rights, options, obligations or other securities
or all or substantially all of the assets of such Person, any capital contribution to such Person
or any other investment in such Person, including, without limitation, any arrangement pursuant to
which the investor incurs Debt of the types referred to in clauses (g) and (h) of the definition of
“Debt” in respect of such Person.

     “Issuing Bank” means an Initial Issuing Bank party to this Agreement or any Eligible
Assignee to which a portion of the Letter of Credit Commitment hereunder has been assigned pursuant
to Section 9.07 so long as such Eligible Assignee expressly agrees to 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 an Issuing Bank and notifies the Agent of its Applicable Lending Office (which information
shall be recorded by the Agent in the Register), for so long as the Initial Issuing Bank or
Eligible Assignee, as the case may be, shall have a Letter of Credit Commitment.

     “L/C Cash Collateral Account” means an interest-bearing cash collateral account to be
established and maintained by the Agent, over which the Agent shall have sole dominion and control,
upon terms as may be satisfactory to the Agent.

     “L/C Related Documents” has the meaning specified in Section 2.06(b)(i).

     “Lenders” means the Initial Lenders parties to this Agreement, each Issuing Bank, each
Assuming Lender that shall become a party hereto pursuant to Section 2.18 and each Person that
shall become a party hereto pursuant to Section 9.07.

     “Letter of Credit Agreement” shall have the meaning specified in Section 2.03(a).

     “Letter of Credit Commitment” means as to any Issuing Bank (a) the amount set forth
opposite such Issuing Bank’s name on Schedule I hereto under the caption “Letter of Credit
Commitment” or (b) if such Issuing Bank has entered into one or more Assignment and Acceptances,
the amount set forth for such Issuing Bank in the Registrar maintained by the Agent pursuant to
Section 9.07(d) as such Issuing Bank’s “Letter of Credit Commitment”, as such amount may be
reduced at or prior to such time pursuant to Section 2.05.

     “Letter of Credit Facility” means, at any time, an amount equal to the lesser of (a)
the aggregate amount of the Issuing Banks’ Letter of Credit Commitments at such time and (b)
$100,000,000, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

     “Letters of Credit” has the meaning specified in Section 2.01(b).

     “Lien” means any lien, security interest or other charge or encumbrance of any kind,
including, without limitation, the lien or retained security title of a conditional vendor and any
security interest or mortgage granted in real property.

     “Loan Documents” means this Agreement, the Notes and the other L/C Related Documents.

     “Loan Parties” means the Company and each other Borrower.

     “Marketable Securities” means any of the following, to the extent owned by the Company
or any of its Subsidiaries free and clear of all Liens and having a maturity of not greater than

11

 

360 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 Lender or a
member of the Federal Reserve System, issues (or the parent of which issues) commercial paper rated
as described in clause (c), is organized under the laws of the United States or any State thereof
and has combined capital and surplus of at least $1 billion, (c) commercial paper in an aggregate
amount of no more than $10,000,000 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) fully
collateralized repurchase agreements having a term of not more than 30 days and covering securities
described in subsection (a) above entered into with any Lender or bank meeting the qualifications
specified in (b) above or (e) investments in money market funds substantially all of the assets of
which are comprised of securities described in subsection (a) through (d) above.

     “Material Adverse Change” means any material adverse change in the business, condition
(financial or otherwise) or results of operations of the Company and its Subsidiaries taken as a
whole.

     “Material Adverse Effect” means a material adverse effect on (a) the business,
condition (financial or otherwise) or operations of the Company and its Subsidiaries taken as a
whole, (b) the rights and remedies of the Agent or any Lender under this Agreement or any Note or
(c) the ability of any Borrower to perform its obligations under this Agreement or any Note.

     “Moody’s” means Moody’s Investors Service, Inc.

     “Multiemployer Plan” means a multiemployer plan, as defined in Section 4001(a)(3) of
ERISA, to which the Company 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 (a) is maintained for employees of the Company or any ERISA Affiliate
and at least one Person other than the Company and the ERISA Affiliates or (b) was so maintained
and in respect of which the Company 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.

     “Note” means a promissory note of a Borrower payable to the order of any Lender,
delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit
A hereto, evidencing the aggregate indebtedness of such Borrower to such Lender resulting from
the Advances made by such Lender.

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

     “Notice of Issuance” has the meaning specified in Section 2.03(a).

     “Other Taxes” has the meaning specified in Section 2.14(b).

     “Parent Company” means, with respect to a Lender, the bank holding company (as defined
in Federal Reserve Board Regulation Y), if any, of such Lender, and/or any Person owning,
beneficially or of record, directly or indirectly, a majority of the Stock of such Lender.

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

12

 

     “Permitted Receivables Financing” means the limited recourse sale (or other transfer)
of accounts receivable by the Company or any of its Subsidiaries in connection with the
securitization thereof, which sale (or other transfer) is non-recourse to the extent customary in
securitizations and consistent with past practice and which is upon terms and conditions reasonably
satisfactory to the Agent; provided, that the sum of, without duplication, (a) the aggregate
Invested Amounts and (b) the outstanding principal amount of obligations secured by receivables
(and related assets) for all such Permitted Receivables Financings shall not exceed $250,000,000 at
any time outstanding.

     “Person” means an individual, partnership, corporation (including a business trust),
joint stock company, trust, unincorporated association, joint venture, limited liability company 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(c).

     “Post Petition Interest” has the meaning specified in Section 7.05(b).

     “Public Debt Rating” means, as of any date, the rating that has been most recently
announced by either S&P or Moody’s, as the case may be, for any class of non-credit enhanced
long-term senior unsecured debt issued by the Company or, if either of S&P or Moody’s has issued
more than one such rating, the lowest such rating issued by such rating agency. For purposes of
the foregoing, (a) if only one of S&P and Moody’s shall have in effect a Public Debt Rating, the
Applicable Margin and the Applicable Facility Fee Rate shall be determined by reference to the
available rating; (b) if neither S&P nor Moody’s shall have in effect a Public Debt Rating, the
Applicable Margin and the Applicable Facility Fee Rate will be set in accordance with Level 5 under
the definition of “Applicable Margin” or Applicable Facility Fee Rate”, as the case
may be; (c) if any rating established by S&P or Moody’s shall be changed, such change shall be
effective as of the date on which such change is first announced publicly by the rating agency
making such change; (d) if S&P or Moody’s shall change the basis on which ratings are established,
each reference to the Public Debt Rating announced by S&P or Moody’s, as the case may be, shall
refer to the then equivalent rating by S&P or Moody’s, as the case may be; and (e) if the ratings
established by S&P and Moody’s shall fall within different levels, the Applicable Margin and the
Applicable Facility Fee Rate shall be based upon the higher rating, unless the lower of such
ratings is more than one level below the higher of such ratings, in which case the Applicable
Margin and the Applicable Facility Fee Rate shall be based upon the level that is one level above
the lower of such ratings.

     “Ratable Share” of any amount means, with respect to any Revolving Credit Lender at
any time, the product of (a) a fraction, the numerator of which is the amount of such Lender’s
Revolving Credit Commitment at such time and the denominator of which is the aggregate Revolving
Credit Commitments at such time and (b) such amount.

     “Receivables Subsidiary” means a Domestic Subsidiary of the Company that has as its
sole purpose to engage in, and engages solely in, Permitted Receivables Financings permitted under
this Agreement.

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

     “Required Lenders” means at any time Lenders owed at least a majority in interest of
the sum of (a) the aggregate principal amount of the Advances outstanding at such time, (b) the
aggregate Available Amount of all Letters of Credit outstanding at such time; and (c) the aggregate
Unused

13

 

Revolving Credit Commitments at such time. For purposes of this definition, the Available
Amount of each Letter of Credit shall be considered to be owed to the Revolving Credit Lenders
ratably in accordance with their respective Revolving Credit Commitments. A Defaulting Lender
shall not be included in the calculation of “Required Lenders.”

     “Revolving Credit Commitment” means as to any Lender (a) the amount set forth opposite
such Lender’s name on Schedule I hereto as such Lender’s “Revolving Credit Commitment”, (b) if such
Lender has become a Lender hereunder pursuant to an Assumption Agreement, the amount set forth in
such Assumption Agreement or (c) if such Lender has entered into any Assignment and Acceptance, the
amount set forth for such Lender in the Register maintained by the Agent pursuant to Section
9.07(d), as such amount may be reduced pursuant to Section 2.05 or increased pursuant to Section
2.18.

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

     “Revolving Credit Lender” means any Lender that has a Revolving Credit Commitment.

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

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

     “Stock” means shares of capital stock (whether denominated as common stock or
preferred stock), beneficial, partnership or membership interests, participations or other
equivalents (regardless of how designated) of or in a corporation, partnership, limited liability
company or equivalent entity, whether voting or non-voting.

     “Subordinated Obligations” has the meaning specified in Section 7.05.

     “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 limited liability company,
partnership or joint venture 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.

     “Taxes” has the meaning specified in Section 2.14(a).

     “Termination Date” means the earlier of (a) July 19, 2015 and (b) the date of
termination in whole of the Commitments pursuant to Section 2.05 or 6.01.

     “Type” refers to the distinction between Base Rate Advances and Eurodollar Rate
Advances.

14

 

     “Unused Revolving Credit Commitment” means, with respect to each Revolving Credit
Lender at any time, (a) such Lender’s Revolving Credit
Commitment at such time minus (b)
the sum of (i) the aggregate principal amount of all Advances made by such Lender (in its capacity
as a Revolving Credit Lender) and outstanding at such time,
plus (ii) such Lender’s Ratable
Share of the aggregate Available Amount of all the Letters of Credit outstanding at such time.

     “Voting Stock” means capital stock issued by a corporation, or equivalent 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.

     Section 1.02. Computation of Time Periods. In this Agreement 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”.

     Section 1.03. Accounting Terms. Except as otherwise expressly provided herein, all
terms of an accounting or financial nature shall be construed in accordance with generally accepted
accounting principles in the United States, as in effect from time to time (“GAAP”); provided that,
if the Company notifies the Agent that the Company requests an amendment to any provision hereof as
a result of a change in GAAP or in the application thereof on the operation of such provision (or
if the Agent notifies the Company that the Required Lenders request an amendment to any provision
hereof for such purpose), regardless of whether any such notice is given before or after such
change in GAAP or in the application thereof, then such provision shall be interpreted on the basis
of GAAP in effect and applied immediately before such change shall have become effective until such
notice shall have been withdrawn or such provision amended in accordance herewith.

ARTICLE II

AMOUNTS AND TERMS OF THE ADVANCES AND LETTERS OF CREDIT

     Section 2.01. The Advances and Letters of Credit. (a) Advances. Each
Revolving Credit Lender severally agrees, on the terms and conditions hereinafter set forth, to
make Advances to the Borrowers from time to time on any Business Day during the period from the
Effective Date until the Termination Date in an amount not to exceed at any time such Lender’s
Unused Revolving Credit Commitment. Each Borrowing shall be in an amount not less than the
Borrowing Minimum or a Borrowing Multiple in excess thereof and shall consist of Advances of the
same Type made on the same day by the Revolving Credit Lenders ratably according to their
respective Revolving Credit Commitments. Within the limits of each Revolving Credit Lender’s
Revolving Credit Commitment, the Borrowers may borrow under this Section 2.01(a), prepay pursuant
to Section 2.10 and reborrow under this Section 2.01(a).

     (b) Letters of Credit. Each Issuing Bank agrees, on the terms and conditions
hereinafter set forth, to issue letters of credit (each, a “Letter of Credit”) for the
account of any Borrower from time to time on any Business Day during the period from the Effective
Date until 30 days before the Termination Date in an aggregate Available Amount (i) for all Letters
of Credit issued by each Issuing Bank not to exceed at any time the lesser of (x) the Letter of
Credit Facility at such time and (y) such Issuing Bank’s Letter of Credit Commitment at such time
and (ii) for each such Letter of Credit not to exceed an amount equal to the aggregate Unused
Revolving Credit Commitments of the Revolving Credit Lenders at such time. Each Letter of Credit
shall be in a face amount of $1,000,000 or more. No Letter of Credit shall have an expiration date
(including all rights of the applicable Borrower or the beneficiary to require renewal) later than
the earlier of (x) the date that is one year after the date of issuance thereof or

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(y) 10 Business Days prior to the Termination Date. Within the limits referred to above, the
Borrowers may request the issuance of Letters of Credit under this Section 2.01(b), repay any
Advances resulting from drawings thereunder pursuant to Section 2.03(c) and request the issuance of
additional Letters of Credit under this Section 2.01(b). Each letter of credit listed on Schedule
2.01(b) shall be deemed to constitute a Letter of Credit issued hereunder, and each Lender that is
an issuer of such a Letter of Credit shall, for purposes of Section 2.03, be deemed to be an
Issuing Bank for each such letter of credit, provided that any renewal or replacement of any such
letter of credit shall be issued by an Issuing Bank pursuant to the terms of this Agreement.

     Section 2.02. Making the Advances. (a) Except as otherwise provided in Section
2.03(c), each Borrowing shall be made on notice, given not later than (x) 11:00 A.M. (New York City
time) on the third Business Day prior to the date of the proposed Borrowing in the case of a
Borrowing consisting of Eurodollar Rate Advances or (y) 11:00 A.M. (New York City time) on the date
of the proposed Borrowing in the case of a Borrowing consisting of Base Rate Advances, by the
applicable Borrower to the Agent, which shall give to each Lender prompt notice thereof by email or
facsimile. Each such notice of a Borrowing (a “Notice of Borrowing”) shall be by
telephone, confirmed immediately in writing, or email or facsimile in substantially the form of
Exhibit B hereto, specifying therein the requested (i) date and Facility of such Borrowing,
(ii) Type of Advances comprising such Borrowing, (iii) aggregate amount of such Borrowing, and (iv)
in the case of a Borrowing consisting of Eurodollar Rate Advances, initial Interest Period for each
such Advance. Each Lender shall, before 1:00 P.M. (New York City time) on the date of such
Borrowing, make available for the account of its Applicable Lending Office to the Agent at the
Agent’s Account, in same day funds, such Lender’s ratable portion of such Borrowing. After the
Agent’s receipt of such funds and upon fulfillment of the applicable conditions set forth in
Section 3.03, the Agent shall make such funds available to the Borrower that requested such Advance
by depositing such funds to such account as such Borrower shall specify.

     (b) Anything in subsection (a) above to the contrary notwithstanding, (i) the Borrowers may
not select Eurodollar Rate Advances for any Borrowing if the aggregate amount of such Borrowing is
less than the Borrowing Minimum or if the obligation of the Lenders to make Eurodollar Rate
Advances shall then be suspended pursuant to Section 2.08 or 2.12 and (ii) the Eurodollar Rate
Advances may not be outstanding as part of more than fifteen separate Borrowings.

     (c) Each Notice of Borrowing shall be irrevocable and binding on the Borrower giving such
Notice. In the case of any Borrowing that the related Notice of Borrowing specifies is to be
comprised of Eurodollar Rate Advances, the Borrower giving such Notice shall indemnify each Lender
against any loss, cost or expense incurred by such Lender as a result of any failure to fulfill on
or before the date specified in such Notice of Borrowing for such Borrowing the applicable
conditions set forth in Section 3.03, including, without limitation, any loss, cost or expense
incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such
Lender to fund the Advance to be made by such Lender as part of such Borrowing when such Advance,
as a result of such failure, is not made on such date.

     (d) Unless the Agent shall have received notice from a Lender prior to the date of any
Borrowing under a Facility under which such Lender has a Commitment that such Lender, contrary to
its Commitment, will not make available to the Agent such Lender’s ratable portion of such
Borrowing, the Agent may assume that such Lender has made such portion available to the Agent on
the date of such Borrowing in accordance with subsection (a) of this Section 2.02 and the Agent
may, in reliance upon such assumption, make available to the applicable Borrower on such date a
corresponding amount. If and to the extent that such Lender shall not have so made such ratable
portion available to the Agent, such Lender and such Borrower severally agree to repay without
duplication to the Agent forthwith on demand such corresponding amount together with interest
thereon, for each day from the date such amount is

16

 

made available to such Borrower until the date such amount is repaid to the Agent, at (i) in
the case of such Borrower, the interest rate applicable at the time to Advances comprising such
Borrowing and (ii) in the case of such Lender, the Federal Funds Rate. If such Lender shall repay
to the Agent such corresponding amount, such amount so repaid shall constitute such Lender’s
Advance as part of such Borrowing for purposes of this Agreement.

     (e) The failure of any Lender to make the Advance to be made by it as part of any Borrowing
shall not relieve any other Lender of its obligation, if any, hereunder to make its Advance on the
date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender to
make the Advance to be made by such other Lender on the date of any Borrowing. Nothing herein
shall be deemed to prejudice any rights which any Borrower may have against a Lender as a result of
any default by a Lender hereunder.

     Section 2.03. Issuance of and Drawings and Reimbursement Under Letters of Credit. (a)
Request for Issuance. Each Letter of Credit shall be issued upon notice, given not later
than 1:00 P.M. (New York City time) on the fifth Business Day prior to the date of the proposed
issuance of such Letter of Credit (or on such shorter notice as the applicable Issuing Bank may
agree), by any Borrower to any Issuing Bank, and such Issuing Bank shall give the Agent, prompt
notice thereof by email or facsimile. Each such notice of issuance of a Letter of Credit (a
“Notice of Issuance”) shall be by telephone, confirmed immediately in writing, or email or
facsimile, specifying therein the requested (i) date of such issuance (which shall be a Business
Day), (ii) Available Amount of such Letter of Credit, (iii) expiration date of such Letter of
Credit (which shall not be later one year after the issuance thereof), (iv) name and address of the
beneficiary of such Letter of Credit and (v) form of such Letter of Credit, and shall be
accompanied by such customary application and agreement for letter of credit as such Issuing Bank
may specify to the Borrower requesting such issuance for use in connection with such requested
Letter of Credit (a “Letter of Credit Agreement”). If the requested form of such Letter of
Credit is acceptable to such Issuing Bank in its sole discretion, such Issuing Bank will, upon
fulfillment of the applicable conditions set forth in Article III, make such Letter of Credit
available to the Borrower requesting such issuance at its office referred to in Section 9.02 or as
otherwise agreed with such Borrower in connection with such issuance. In the event and to the
extent that the provisions of any Letter of Credit Agreement shall conflict with this Agreement,
the provisions of this Agreement shall govern.

     (b) Participations. By the issuance of a Letter of Credit (or an amendment to a
Letter of Credit increasing the amount thereof) and without any further action on the part of the
applicable Issuing Bank or the Revolving Credit Lenders, such Issuing Bank hereby grants to each
Revolving Credit Lender, and each Revolving Credit Lender hereby acquires from such Issuing Bank, a
participation in such Letter of Credit equal to such Lender’s Ratable Share of the aggregate amount
available to be drawn under such Letter of Credit. The Borrowers hereby agree to each such
participation. In consideration and in furtherance of the foregoing, each Revolving Credit Lender
hereby absolutely and unconditionally agrees to pay to the Agent, for the account of such Issuing
Bank, such Lender’s Ratable Share of each drawing made under a Letter of Credit funded by such
Issuing Bank and not reimbursed by the applicable Borrower on the date made, or of any
reimbursement payment required to be refunded to a Borrower for any reason. Each Revolving Credit
Lender acknowledges and agrees that its obligation to acquire participations pursuant to this
paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected
by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of
Credit or the occurrence and continuance of a Default or reduction or termination of the Revolving
Credit Commitments, and that each such payment shall be made without any offset, abatement,
withholding or reduction whatsoever. Each Revolving Credit Lender further acknowledges and agrees
that its participation in each Letter of Credit will be automatically adjusted to reflect such
Lender’s Ratable Share of the Available Amount of such Letter of Credit at each time such Lender’s
Revolving

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Credit Commitment is amended pursuant to a Commitment Increase in accordance with Section
2.18, an assignment in accordance with Section 9.07 or otherwise pursuant to this Agreement.

     (c) Drawing and Reimbursement. The payment by an Issuing Bank of a draft drawn under
any Letter of Credit shall constitute for all purposes of this Agreement the making by any such
Issuing Bank of an Advance, which shall be a Base Rate Advance, in the amount of such draft. Each
Issuing Bank shall give prompt notice (and such Issuing Bank will use its commercially reasonable
efforts to deliver such notice within one Business Day) of each drawing under any Letter of Credit
issued by it to the applicable Borrower and the Agent. Upon written demand by such Issuing Bank,
with a copy of such demand to the Agent, each Revolving Credit Lender shall pay to the Agent such
Lender’s Ratable Share of such outstanding Advance, by making available for the account of its
Applicable Lending Office to the Agent for the account of such Issuing Bank, by deposit to the
Agent’s Account, in same day funds, an amount equal to the portion of the outstanding principal
amount of such Advance to be funded by such Lender. Promptly after receipt thereof, the Agent
shall transfer such funds to such Issuing Bank. Each Revolving Credit Lender agrees to fund its
Ratable Share of an outstanding Advance on (i) the Business Day on which demand therefor is made by
such Issuing Bank, provided that notice of such demand is given not later than 11:00 A.M. (New York
City time) on such Business Day, or (ii) the first Business Day next succeeding such demand if
notice of such demand is given after such time. If and to the extent that any Revolving Credit
Lender shall not have so made the amount of such Advance available to the Agent, such Lender agrees
to pay to the Agent forthwith on demand such amount together with interest thereon, for each day
from the date of demand by any such Issuing Bank until the date such amount is paid to the Agent,
at the Federal Funds Rate for its account or the account of such Issuing Bank, as applicable. If
such Revolving Credit Lender shall pay to the Agent such amount for the account of any such Issuing
Bank on any Business Day, such amount so paid in respect of principal shall constitute an Advance
made by such Lender on such Business Day for purposes of this Agreement, and the outstanding
principal amount of the Advance made by such Issuing Bank shall be reduced by such amount on such
Business Day.

     (d) Letter of Credit Reports. Each Issuing Bank shall furnish (i) to the Agent on the
first Business Day of each month a written report summarizing issuance and expiration dates of
Letters of Credit during the preceding month and drawings during such month under all Letters of
Credit issued by it and (ii) to the Agent and each Revolving Credit Lender on the first Business
Day of each calendar quarter a written report setting forth the average daily aggregate Available
Amount during the preceding calendar quarter of all Letters of Credit issued by it.

     (e) Failure to Make Advances. The failure of any Revolving Credit Lender to make the
Advance to be made by it on the date specified in Section 2.03(c) shall not relieve any other
Revolving Credit Lender of its obligation hereunder to make its Advance on such date, but no Lender
shall be responsible for the failure of any other Revolving Credit Lender to make the Advance to be
made by such other Lender on such date.

     Section 2.04. Fees. (a) Facility Fee. The Borrowers agree to pay to the
Agent for the account of each Revolving Credit Lender a facility fee on the aggregate amount of
such Lender’s Revolving Credit Commitment from the Effective Date in the case of each Initial
Lender and from the effective date specified in the Assumption Agreement or in the Assignment and
Acceptance pursuant to which it became a Revolving Credit Lender in the case of each other
Revolving Credit Lender until the Termination Date at a rate per annum equal to the Applicable
Facility Fee Rate in effect from time to time, payable in arrears quarterly on the last day of each
March, June, September and December, commencing September 30, 2010, and on the Termination Date.

18

 

     (b) Letter of Credit Fees. (i) The Borrowers shall pay to the Agent for the account
of each Revolving Credit Lender a commission on such Lender’s Ratable Share of the average daily
aggregate Available Amount of all Letters of Credit outstanding from time to time at a rate per
annum equal to the Applicable Margin for Eurodollar Rate Advances in effect from time to time,
payable in arrears quarterly on the last day of each March, June, September and December,
commencing September 30, 2010, and on the Termination Date, and after the Termination Date payable
upon demand; provided that the Applicable Margin shall increase by 2% upon the occurrence and
during the continuation of an Event of Default if the Borrowers are required to pay default
interest pursuant to Section 2.07(b).

          (ii) The Borrowers shall pay to each Issuing Bank for its own account such reasonable and
customary fronting, issuance, presentation, amendment and other processing fees as may from time to
time be agreed in writing between the Borrowers and such Issuing Bank.

     (c) Agent’s Fees. The Company shall pay to the Agent for its own account the fees set
forth in the fee letter between the Company and the Agent or as may from time to time be otherwise
agreed in writing between the Company and the Agent.

     Section 2.05. Termination or Reduction of the Commitments. The Company shall have the
right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently
reduce ratably in part the Unused Revolving Credit Commitments, provided that each partial
reduction (A) shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000
in excess thereof and (B) shall be made ratably among the Revolving Credit Lenders in accordance
with their Revolving Credit Commitments. The Company shall have the right, upon at least three
Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the
unused Letter of Credit Commitments, provided that, to the extent practicable, each partial
reduction shall be made ratably among the Issuing Banks in accordance with their Letter of Credit
Commitments.

     Section 2.06. Repayment. (a) Advances. The Borrowers shall repay to the
Agent for the ratable account of the Revolving Credit Lenders on the Termination Date the aggregate
principal amount of the Advances then outstanding.

     (b) Letter of Credit Reimbursements. The obligations of the Borrowers under this
Agreement, any Letter of Credit Agreement and any other agreement or instrument, in each case,
relating to any Letter of Credit shall be unconditional and irrevocable, and shall be paid strictly
in accordance with the terms of this Agreement, such Letter of Credit Agreement and such other
agreement or instrument under all circumstances, including, without limitation, the following
circumstances (it being understood that any such payment by the Borrowers is without prejudice to,
and does not constitute a waiver of, any rights the Borrowers might have or might acquire as a
result of the payment by any Revolving Credit Lender of any draft or the reimbursement by the
Borrowers thereof or any claim that a Borrower might have under Section 9.13):

          (i) any lack of validity or enforceability of this Agreement, any Letter of Credit, any Letter
of Credit Agreement or any other agreement or instrument, in each case, relating thereto (all of
the foregoing being, collectively, the “L/C Related Documents”);

          (ii) any change in the time, manner or place of payment of, or in any other term of, all or
any of the obligations of the Borrowers in respect of any L/C Related Document or any other
amendment or waiver of or any consent to departure from all or any of the L/C Related Documents;

          (iii) the existence of any claim, set-off, defense or other right that the Borrowers may have
at any time against any beneficiary or any transferee of a Letter of Credit (or any

19

 

Persons for which any such beneficiary or any such transferee may be acting), any Issuing
Bank, the Agent, any Lender or any other Person, whether in connection with the transactions
contemplated by the L/C Related Documents or any unrelated transaction;

          (iv) any statement or any other document presented under a Letter of Credit proving to be
forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or
inaccurate in any respect;

          (v) payment by any Issuing Bank under a Letter of Credit against presentation of a draft or
certificate that does not strictly comply with the terms of such Letter of Credit;

          (vi) any exchange, release or non-perfection of any collateral, or any release or amendment or
waiver of or consent to departure from any guarantee, for all or any of the obligations of the
Borrowers in respect of the L/C Related Documents; or

          (vii) any other circumstance or happening whatsoever, whether or not similar to any of the
foregoing, including, without limitation, any other circumstance that might otherwise constitute a
defense available to, or a discharge of, the Borrowers or a guarantor.

     Section 2.07. Interest on Advances. (a) Scheduled Interest. The Borrowers
shall pay interest on the unpaid principal amount of each Advance owing to each Lender from the
date of such Advance until such principal amount shall be paid in full, at the following rates per
annum:

          (i) Base Rate Advances. During such periods as such Advance is a Base Rate Advance, a
rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time
plus (y) the Applicable Margin in effect from time to time, payable in arrears quarterly on
the last day of each March, June, September and December during such periods and on the date such
Base Rate Advance shall be Converted or paid in full.

          (ii) Eurodollar Rate Advances. During such periods as such Advance is a Eurodollar
Rate Advance, a rate per annum equal at all times during each Interest Period for such Advance to
the sum of (x) the Eurodollar Rate for such Interest Period for such Advance plus (y) the
Applicable Margin in effect from time to time, payable in arrears on the last day of such Interest
Period and, if such Interest Period has a duration of more than three months, on each day that
occurs during such Interest Period every three months from the first day of such Interest Period
and on the date such Eurodollar Rate Advance shall be Converted or paid in full.

     (b) Default Interest. Upon the occurrence and during the continuance of an Event of
Default that has not been waived, the Agent may, and upon the request of the Required Lenders
shall, require the Borrowers to pay interest (“Default Interest”) on (i) the unpaid
principal amount of each Advance owing to each Lender, payable in arrears on the dates referred to
in clause (a)(i) or (a)(ii) above, 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 clause (a)(i) or (a)(ii) above and
(ii) to the fullest extent permitted by law, the amount of any interest, fee or other amount
payable hereunder that is not paid when due, 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 Base Rate Advances pursuant to clause (a)(i) above; provided, however, that following
acceleration of the Advances pursuant to Section 6.01, Default Interest shall accrue and be payable
hereunder whether or not previously required by the Agent.

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     Section 2.08. Interest Rate Determination. (a) The Agent shall give prompt notice
to the Borrowers and the Lenders of the applicable interest rate determined by the Agent for
purposes of Section 2.07(a)(i) or (ii).

     (b) If, with respect to any Eurodollar Rate Advances under any Facility, the Required Lenders
notify the Agent that the Eurodollar Rate for any Interest Period for such Advances will not
adequately reflect the cost to such Required Lenders, as determined in the exercise of each such
Lender’s commercially reasonable discretion, of making, funding or maintaining their respective
Eurodollar Rate Advances for such Interest Period, the Agent shall forthwith so notify the
Borrowers and the Lenders, whereupon (A) the Borrowers will, on the last day of the then existing
Interest Period therefor, either (x) prepay such Advances or (y) Convert such Advances into Base
Rate Advances and (B) the obligation of the Lenders to make, or to Convert Advances into,
Eurodollar Rate Advances shall be suspended until the Agent shall notify the Borrowers and the
Lenders that the circumstances causing such suspension no longer exist.

     (c) If any Borrower shall fail to select the duration of any Interest Period for any
Eurodollar Rate Advances in accordance with the provisions contained in the definition of “Interest
Period” in Section 1.01, the Agent will forthwith so notify such Borrower and the Lenders and such
Advances will automatically, on the last day of the then existing Interest Period therefor, Convert
into Base Rate Advances.

     (d) On the date on which the aggregate unpaid principal amount of Eurodollar Rate Advances
comprising any Borrowing shall be reduced, by payment or prepayment or otherwise, to less than the
Borrowing Minimum, such Advances shall automatically Convert into Base Rate Advances.

     (e) Upon the occurrence and during the continuance of any Event of Default that has not been
waived, (i) each Eurodollar Rate Advance will automatically, on the last day of the then existing
Interest Period therefor, be Converted into Base Rate Advances and (ii) the obligation of the
Lenders to make, or to Convert Advances into, Eurodollar Rate Advances shall be suspended.

     Section 2.09. Optional Conversion of Advances. Any Borrower may on any Business Day,
upon notice given to the Agent not later than 11:00 A.M. (New York City time) on the third Business
Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.08 and
2.12, Convert any or all Advances of one Type comprising the same Borrowing made to it into
Advances of the other Type; provided, however, that any Conversion of Eurodollar Rate Advances into
Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar
Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an
amount not less than the minimum amount specified in Section 2.02(b), no Conversion of any Advances
shall result in more separate Borrowings than permitted under Section 2.02(b) and each Conversion
of Advances comprising part of the same Borrowing under any Facility shall be made ratably among
the Lenders in accordance with their Commitments under such Facility. Each such notice of a
Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion,
(ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances,
the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall
be irrevocable and binding on the Borrower giving such notice.

     Section 2.10. Prepayments of Advances. Any Borrower may, upon notice at least two
Business Days prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and
not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base
Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the
prepayment, and if such notice is given, such Borrower shall prepay the outstanding principal
amount of the Advances

21

 

comprising part of the same Borrowing in whole or ratably in part, together with accrued
interest to the date of such prepayment on the principal amount prepaid; provided, however, that
(x) each partial prepayment shall be in an aggregate principal amount not less than the Borrowing
Minimum or a Borrowing Multiple in excess thereof and (y) in the event of any such prepayment of a
Eurodollar Rate Advance, the applicable Borrower shall be obligated to reimburse the Lenders in
respect thereof pursuant to Section 9.04(c).

     Section 2.11. Increased Costs. (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 including, without
limitation, any agency of the European Union or similar monetary or multinational authority
(whether or not having the force of law), there shall be any increase in the cost to any Lender of
agreeing to make or making, funding or maintaining Eurodollar Rate Advances or agreeing to issue or
of issuing or maintaining or participating in Letters of Credit (excluding for purposes of this
Section 2.11 any such increased costs resulting from taxes (as to which Section 2.14 shall
govern)), then the Borrowers shall from time to time, without premium or penalty, upon written
demand by such Lender (with a copy of such demand to the Agent), pay to the Agent for the account
of such Lender additional amounts sufficient to compensate such Lender for such increased cost;
provided, however, that at such time such Lender shall be generally assessing such amounts on a
non-discriminatory basis against borrowers under agreements having provisions similar to this
Section. A certificate as to the amount of such increased cost, submitted to the Borrowers and the
Agent by such Lender, shall be conclusive and binding for all purposes, absent error in the
calculation of such amounts.

     (b) If any 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
Lender or any corporation controlling such Lender (taking into consideration such Lender’s (or such
controlling corporation’s) policies with respect to capital adequacy) and that the amount of such
capital is increased by or based upon the existence of such Lender’s commitment to lend or to issue
or participate in Letters of Credit hereunder and other commitments of this type or the issuance or
maintenance of or participation in the Letters of Credit (or similar contingent obligations), then,
upon written demand by such Lender (with a copy of such demand to the Agent), the Borrowers shall
pay to the Agent for the account of such Lender, from time to time as specified by such Lender,
without premium or penalty, additional amounts sufficient to compensate such Lender or such
corporation in the light of such circumstances, to the extent that such Lender reasonably
determines such increase in capital to be allocable to the existence of such Lender’s commitment to
lend or to issue or participate in Letters of Credit hereunder or the issuance or maintenance of or
participation in the Letters of Credit; provided, however, that at such time such Lender shall be
generally assessing such amounts on a non-discriminatory basis against borrowers under agreements
having provisions similar to this Section. A certificate as to such amounts submitted to the
Borrowers and the Agent by such Lender shall be conclusive and binding for all purposes, absent
error in the calculation of such amounts.

     (c) Each Lender will notify the Company of any change that will entitle such Lender to
compensation under this Section 2.11 as promptly as practicable, but in any event within 90 days
after such Lender obtains knowledge thereof; provided, however, that, if any Lender fails to give
such notice within 90 days after it obtains knowledge of such change, such Lender shall, with
respect to compensation payable in respect of any costs resulting from such change, only be
entitled to payment for costs incurred from and after the date that such Lender does give such
notice plus, if such change shall have retroactive effect, costs resulting from such change
during the period of retroactive effect thereof. Any Lender claiming any additional amounts
payable pursuant to this Section agrees to use reasonable efforts (consistent with its internal
policy and legal and regulatory restrictions) to change the jurisdiction of its

22

 

Eurodollar Lending Office if the making of such a change would avoid the need for, or reduce
the amount of, any such additional amounts that may thereafter accrue and would not, in the
reasonable judgment of such Lender, be otherwise disadvantageous to such Lender.

     Section 2.12. Illegality. Notwithstanding any other provision of this Agreement, if
any Lender shall notify the Agent that the introduction of or any change in or in the
interpretation of any law or regulation makes it unlawful, or any central bank or other
governmental authority asserts that it is unlawful, for any Lender or its Eurodollar Lending Office
to perform its obligations hereunder to make Eurodollar Rate Advances or to fund or maintain
Eurodollar Rate Advances hereunder, (a) each Eurodollar Rate Advance under the Facility under which
such Lender has a Commitment will automatically, upon such demand, be Converted into a Base Rate
Advance and (b) the obligation of the Lenders to make Eurodollar Rate Advances or to Convert
Advances into Eurodollar Rate Advances shall be suspended until the Agent shall notify the
Borrowers and the Lenders that the circumstances causing such suspension no longer exist.

     Section 2.13. Payments and Computations. (a) The Borrowers shall make each payment
hereunder, irrespective of any right of counterclaim or set-off, not later than 11:00 A.M. (New
York City time) on the day when due in U.S. dollars to the Agent at the Agent’s Account in same day
funds. The Agent will promptly thereafter cause to be distributed like funds relating to the
payment of principal or interest or facility fees ratably (other than amounts payable pursuant to
Section 2.04(b)(ii), 2.11, 2.14 or 9.04(c)) to the Lenders for the account of their respective
Applicable Lending Offices, and like funds relating to the payment of any other amount payable to
any Lender to such Lender for the account of its Applicable Lending Office, in each case to be
applied in accordance with the terms of this Agreement. Upon any Assuming Lender becoming a Lender
hereunder as a result of a Commitment Increase pursuant to Section 2.18 and upon the Agent’s
receipt of such Lender’s Assumption Agreement and recording of the information contained therein in
the Register, from and after the applicable Increase Date, the Agent shall make all payments
hereunder and under any Notes issued in connection therewith in respect of the interest assumed
thereby to the Assuming Lender. Upon its acceptance of an Assignment and Acceptance and recording
of the information contained therein in the Register pursuant to Section 9.07(c), from and after
the effective date specified in such Assignment and Acceptance, the Agent shall make all payments
hereunder and under the Notes in respect of the interest assigned thereby to the 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.

     (b) All computations of interest based on the Base Rate shall be made by the Agent on the
basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on
the Eurodollar Rate or the Federal Funds Rate and of fees and Letter of Credit commissions shall be
made by the 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, fees or commissions are payable. Each determination by the Agent of an interest rate
hereunder shall be conclusive and binding for all purposes, absent manifest error.

     (c) Whenever any payment hereunder or under the Notes shall be stated to be due on a day other
than a Business Day, such payment shall be made on the Business Day next succeeding, and such
extension of time shall in such case be included in the computation of payment of interest, fee or
commission, as the case may be; 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 Business Day next preceding.

     (d) Unless the Agent shall have received notice from the applicable Borrower prior to the date
on which any payment is due to the Lenders hereunder that such Borrower will not make such

23

 

payment in full, the Agent may assume that such Borrower has made such payment in full to the
Agent on such date and the Agent may, in reliance upon such assumption, cause to be distributed to
each Lender on such due date an amount equal to the amount then due such Lender. If and to the
extent any Borrower shall not have so made such payment in full to the Agent, each Lender shall
repay to the Agent forthwith on demand such amount distributed to such Lender together with
interest thereon, for each day from the date such amount is distributed to such Lender until the
date such Lender repays such amount to the Agent, at the Federal Funds Rate.

     (e) If the Agent receives funds for application to the obligations hereunder under
circumstances for which neither this Agreement nor any Borrower specifies the Advances or the
Facility to which, or the manner in which, such funds are to be applied, the Agent may, but shall
not be obligated to, elect to distribute such funds to each Lender ratably in accordance with such
Lender’s proportionate share of the sum of the principal amount of all outstanding Advances and the
Available Amount of all Letters of Credit then outstanding, in repayment or prepayment of such of
the outstanding Advances or other obligations owed to such Lender, and for application to such
principal installments, as the Agent shall direct.

     Section 2.14. Taxes. (a) Any and all payments by the Borrowers to or for the account
of any Lender or the Agent hereunder or under the Notes shall be made, in accordance with Section
2.13 or the applicable provisions of such other documents, 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 Lender and the Agent,
(i) foreign, United States federal, state and local taxes imposed on its overall net income and
franchise taxes imposed on it in lieu of net income taxes by the jurisdiction under the laws of
which such Lender or the Agent (as the case may be) is organized or any political subdivision
thereof, or by any jurisdiction where such Lender or the Agent (as the case may be) is doing
business or any political subdivision thereof and, in the case of each Lender, taxes imposed on its
overall net income, and franchise taxes imposed on it in lieu of net income taxes, by the
jurisdiction of such Lender’s Applicable Lending Office or any political subdivision thereof, or by
any jurisdiction where such Lender’s Applicable Lending Office is doing business or any political
subdivision thereof and (ii) United States state and local withholding taxes (in the appropriate
amount) on the gross amount of interest paid by the Borrowers for which such Lender or the Agent
(as the case may be) is entitled to a credit for such withholding taxes against a tax described in
(i) (all such non-excluded taxes, levies, imposts, deductions, charges, withholdings and
liabilities in respect of payments hereunder or under the Notes being hereinafter referred to as
“Taxes”). If any Borrower shall be required by law to deduct any Taxes from or in respect
of any sum payable hereunder or under any Note or any other documents to be delivered hereunder to
any Lender or the Agent, (x) the sum payable shall be increased as may be necessary so that after
making all required deductions (including deductions applicable to additional sums payable under
this Section 2.14) such Lender or the Agent (as the case may be) receives an amount equal to the
sum it would have received had no such deductions been made, (y) such Borrower shall make such
deductions and (z) such Borrower shall pay the full amount deducted to the relevant taxation
authority or other authority in accordance with applicable law. For the avoidance of doubt, if any
Borrower shall be required by a court of competent jurisdiction to pay over an amount other than as
Taxes, there shall be no adjustment as to such payment under this Section 2.14(a).

     (b) In addition, the Borrowers shall pay any present or future stamp or documentary taxes or
any other excise or property taxes, charges or similar levies that arise from any payment made
hereunder or under the Notes any other documents to be delivered hereunder or from the execution,
delivery or registration of, performing under, or otherwise with respect to, this Agreement or the
Notes or any other documents to be delivered hereunder (hereinafter referred to as “Other
Taxes”).

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     (c) The Borrowers shall indemnify each Lender and the Agent for and hold it harmless against
the full amount of Taxes or Other Taxes (including, without limitation, taxes of any kind imposed
or asserted by any jurisdiction on amounts payable under this Section 2.14) imposed on or paid by
such Lender or the Agent (as the case may be) and any liability (including penalties, interest and
expenses) arising therefrom or with respect thereto. This indemnification shall be made within 30
days from the date such Lender or the Agent (as the case may be) makes written demand therefor.

     (d) Within 30 days after the date of any payment of Taxes, the Borrowers shall furnish to the
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 Agent.

     (e) Each Lender organized under the laws of a jurisdiction outside the United States, on or
prior to the date of its execution and delivery of this Agreement in the case of each Initial
Lender and on the date of the Assumption Agreement or the Assignment and Acceptance pursuant to
which it becomes a Lender in the case of each other Lender, and from time to time thereafter as
reasonably requested in writing by the Borrowers (but only so long as such Lender remains lawfully
able to do so), shall provide each of the Agent and the Borrowers with two original Internal
Revenue Service forms W-8BEN or W-8ECI, as appropriate, or any successor or other form prescribed
by the Internal Revenue Service, properly certifying that such Lender is exempt from or entitled to
a reduced rate of United States withholding tax on payments pursuant to this Agreement or the
Notes. If the form provided by a Lender at the time such Lender first becomes a party to this
Agreement indicates a United States interest withholding tax rate in excess of zero, withholding
tax at such rate shall be considered excluded from Taxes (and tax withheld in excess of such rate
shall be included in Taxes) unless and until such 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 form; provided, however, that, if at the date of
the Assignment and Acceptance pursuant to which a Lender assignee becomes a party to this
Agreement, the Lender assignor was entitled to payments under subsection (a) 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 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, that the Lender reasonably considers to be confidential, the Lender shall give notice
thereof to the Borrowers and shall not be obligated to include in such form or document such
confidential information. For purposes of this subsection (e), the terms “United States”
and “United States person” shall have the meanings specified in Section 7701 of the
Internal Revenue Code

     (f) For any period with respect to which a Lender has failed to provide the Borrowers with the
appropriate form, certificate or other document described in Section 2.14(e) (other than if such
failure is due to a change in law, or in the interpretation or application thereof, occurring
subsequent to the date on which a form, certificate or other document originally was required to be
provided, or if such form otherwise is not required under subsection (e) above), such Lender shall
not be entitled to indemnification under Section 2.14(a) or (c) with respect to Taxes imposed by
the United States by reason of such failure and the Borrowers may withhold at the full United
States statutory withholding tax rate on interest (currently, 30%); provided, however, that should
a Lender become subject to Taxes because of its failure to deliver a form, certificate or other
document required hereunder, the Borrowers shall take such steps as the Lender shall reasonably
request to assist the Lender to recover such Taxes.

25

 

     Section 2.15. Sharing of Payments, Etc. If any Lender shall obtain any payment
(whether voluntary, involuntary, through the exercise of any right of set-off, or otherwise) on
account of the Advances owing to it (other than pursuant to Section 2.11, 2.14 or 9.04(c)) in
excess of its ratable share of payments on account of the Advances obtained by all the Lenders,
such Lender shall forthwith purchase from the other Lenders such participations in the Advances
owing to them as shall be necessary to cause such purchasing 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 Lender, such purchase from each Lender shall be rescinded
and such Lender shall repay to the purchasing Lender the purchase price to the extent of such
recovery together with an amount equal to such Lender’s ratable share (according to the proportion
of (i) the amount of such Lender’s required repayment to (ii) the total amount so recovered from
the purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender in
respect of the total amount so recovered. Each Borrower agrees that any Lender so purchasing a
participation from another Lender pursuant to this Section 2.15 may, to the fullest extent
permitted by law, exercise all its rights of payment (including the right of set-off as provided in
Section 9.05) with respect to such participation as fully as if such Lender were the direct
creditor of such Borrower in the amount of such participation.

     Section 2.16. Evidence of Debt. (a) Each Lender shall maintain in accordance with
its usual practice an account or accounts evidencing the indebtedness of each Borrower to such
Lender resulting from each Advance owing to such Lender from time to time, including the amounts of
principal and interest payable and paid to such Lender from time to time hereunder in respect of
Advances. Each Borrower agrees that upon notice by any Lender to such Borrower (with a copy of
such notice to the Agent) to the effect that a Note is required or appropriate in order for such
Lender to evidence (whether for purposes of pledge, enforcement or otherwise) the Advances owing
to, or to be made by, such Lender, such Borrower shall promptly execute and deliver to such Lender
a Note, in substantially the form of Exhibit A hereto, respectively, payable to the order
of such Lender in a principal amount equal to the Revolving Credit Commitment, of such Lender.

     (b) The Register maintained by the Agent pursuant to Section 9.07(d) shall include a control
account, and a subsidiary account for each Lender, in which accounts (taken together) shall be
recorded (i) the date and amount of each Borrowing made hereunder, the Type of Advances comprising
such Borrowing, the Facility of such Borrowing and, if appropriate, the Interest Period applicable
thereto, (ii) the terms of each Assumption Agreement and 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 each Borrower to each Lender hereunder and (iv) the amount of any sum received
by the Agent from each Borrower hereunder and each Lender’s share thereof.

     (c) Entries made in good faith by the Agent in the Register pursuant to subsection (b) above,
and by each 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 each Borrower to, in the case of the Register, each Lender and, in the case of such account or
accounts, such Lender, under this Agreement, absent manifest error; provided, however, that the
failure of the Agent or such 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
Borrowers under this Agreement.

     Section 2.17. Use of Proceeds. The proceeds of the Advances shall be available (and
each of the Borrowers agrees that it or its Subsidiaries, as applicable, shall use such proceeds)
solely to repay Debt of the Company and for general corporate purposes of the Company and its
Subsidiaries, including to support commercial paper issuance.

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     Section 2.18. Increase in the Commitments. (a) The Borrowers may, at any time but in
any event not more than once in any calendar year prior to the Termination Date, by notice to the
Agent, request that the aggregate amount of the Commitments be increased by an amount of
$25,000,000 or an integral multiple of $5,000,000 in excess thereof (each a “Commitment
Increase”) to be effective as of a date that is at least 90 days prior to the scheduled
Termination Date then in effect (the “Increase Date”) as specified in the related notice to
the Agent; provided, however that (i) in no event shall the aggregate amount of the Commitments at
any time exceed $750,000,000 and (ii) on the date of any request by the Borrowers for a Commitment
Increase and on the related Increase Date the applicable conditions set forth in Article III shall
be satisfied.

     (b) The Agent shall promptly notify the Lenders of a request by the Borrowers for a Commitment
Increase, which notice shall include (i) the proposed amount of such requested Commitment Increase,
(ii) the proposed Increase Date and (iii) the date by which Lenders wishing to participate in the
Commitment Increase must commit to an increase in the amount of their respective Commitments (the
“Commitment Date”). Each Lender that is willing to participate in such requested
Commitment Increase (each an “Increasing Lender”) shall, in its sole discretion, give
written notice to the Agent on or prior to the Commitment Date of the amount by which it is willing
to increase its Commitment. If the Lenders notify the Agent that they are willing to increase the
amount of their respective Commitments by an aggregate amount that exceeds the amount of the
requested Commitment Increase, the requested Commitment Increase shall be allocated among the
Lenders willing to participate therein in such amounts as are agreed between the Borrowers and the
Agent.

     (c) Promptly following each Commitment Date, the Agent shall notify the Borrowers as to the
amount, if any, by which the Lenders are willing to participate in the requested Commitment
Increase. If the aggregate amount by which the Lenders are willing to participate in any requested
Commitment Increase on any such Commitment Date is less than the requested Commitment Increase,
then the Borrowers may extend offers to one or more Eligible Assignees to participate in any
portion of the requested Commitment Increase that has not been committed to by the Lenders as of
the applicable Commitment Date; provided, however, that the Commitment of each such Eligible
Assignee shall be in an amount of $5,000,000 or an integral multiple of $1,000,000 in excess
thereof.

     (d) On each Increase Date, each Eligible Assignee that accepts an offer to participate in a
requested Commitment Increase in accordance with Section 2.18(b) (each such Eligible Assignee, an
“Assuming Lender”) shall become a Lender party to this Agreement as of such Increase Date
and the Commitment of each Increasing Lender for such requested Commitment Increase shall be so
increased by such amount (or by the amount allocated to such Lender pursuant to the last sentence
of Section 2.18(b)) as of such Increase Date; provided, however, that the Agent shall have received
on or before such Increase Date the following, each dated such date:

          (i) (A) certified copies of resolutions of the Board of Directors of each Loan Party approving
the Commitment Increase and the corresponding modifications to this Agreement and (B) an opinion of
counsel for each Loan Party (which may be in-house counsel);

          (ii) an assumption agreement from each Assuming Lender, if any, in form and substance
satisfactory to the Borrowers and the Agent (each an “Assumption Agreement”), duly executed
by such Eligible Assignee, the Agent and the Borrowers; and

          (iii) confirmation from each Increasing Lender of the increase in the amount of its Commitment
in a writing satisfactory to the Borrowers and the Agent.

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On each Increase Date, upon fulfillment of the conditions set forth in the immediately preceding
sentence of this Section 2.18(d), the Agent shall notify the Lenders (including, without
limitation, each Assuming Lender) and the Borrowers, on or before 1:00 P.M. (New York City time),
by facsimile or email, of the occurrence of the Commitment Increase to be effected on such Increase
Date and shall record in the Register the relevant information with respect to each Increasing
Lender and each Assuming Lender on such date. Each Increasing Lender and each Assuming Lender
shall, before 2:00 P.M. (New York City time) on the Increase Date, make available for the account
of its Applicable Lending Office to the Agent at the Agent’s Account, in same day funds, in the
case of such Assuming Lender, an amount equal to such Assuming Lender’s ratable portion of the
Borrowings then outstanding (calculated based on its Revolving Credit Commitment as a percentage of
the aggregate Revolving Credit Commitments outstanding after giving effect to the relevant
Commitment Increase) and, in the case of such Increasing Lender, an amount equal to the excess of
(i) such Increasing Lender’s ratable portion of the Borrowings then outstanding (calculated based
on its Revolving Credit Commitment as a percentage of the aggregate Revolving Credit Commitments
outstanding after giving effect to the relevant Commitment Increase) over (ii) such Increasing
Lender’s ratable portion of the Borrowings then outstanding (calculated based on its Revolving
Credit Commitment (without giving effect to the relevant Commitment Increase) as a percentage of
the aggregate Revolving Credit Commitments (without giving effect to the relevant Commitment
Increase). After the Agent’s receipt of such funds from each such Increasing Lender and each such
Assuming Lender, the Agent will promptly thereafter cause to be distributed like funds to the other
Lenders for the account of their respective Applicable Lending Offices in an amount to each other
Lender such that the aggregate amount of the outstanding Advances owing to each Lender after giving
effect to such distribution equals such Lender’s ratable portion of the Borrowings then outstanding
(calculated based on its Revolving Credit Commitment as a percentage of the aggregate Revolving
Credit Commitments outstanding after giving effect to the relevant Commitment Increase).

ARTICLE III

CONDITIONS TO EFFECTIVENESS AND LENDING

     Section 3.01. Conditions Precedent to Effectiveness of Section 2.01. Section 2.01 of
this Agreement shall become effective on and as of the first date on or prior to July 19, 2010 (the
“Effective Date”) on which the following conditions precedent have been satisfied:

     (a) There shall have occurred no Material Adverse Change since December 31, 2009.

     (b) There shall exist no action, suit, investigation, litigation or proceeding affecting the
Company or any of its Subsidiaries pending or, to the knowledge of the Company, threatened before
any court, governmental agency or arbitrator that (i) could be reasonably likely to have a Material
Adverse Effect other than the matters described on Schedule 3.01(b) hereto (the “Disclosed
Litigation”) or (ii) purports to affect the legality, validity or enforceability of this
Agreement or any Note or the consummation of the transactions contemplated hereby, and there shall
have been no material adverse change in the status, or financial effect on the Company or any of
its Subsidiaries, of the Disclosed Litigation from that described on Schedule 3.01(b) hereto.

     (c) Nothing shall have come to the attention of the Lenders during the course of their due
diligence investigation to lead them to believe that the Information Memorandum was or has become
misleading, incorrect or incomplete in any material respect; without limiting the generality of the
foregoing, the Lenders shall have been given such access to the management, records, books of
account, contracts and properties of the Company and its Subsidiaries as they shall have reasonably
requested.

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     (d) All governmental and third party consents and approvals necessary in connection with the
transactions contemplated hereby shall have been obtained (without the imposition of any conditions
that are not acceptable to the Lenders) and shall remain in effect and no law or regulation shall
be applicable in the reasonable judgment of the Lenders, in each case that restrains, prevents or
imposes materially adverse conditions upon the transactions contemplated hereby.

     (e) The Company shall have notified each Lender and the Agent in writing as to the proposed
Effective Date.

     (f) The Company shall have paid all accrued fees and expenses of the Agent and the Lenders
(including the accrued reasonable fees and expenses of counsel to the Agent).

     (g) On the Effective Date, the following statements shall be true and the Agent shall have
received for the account of each Lender a certificate signed by a duly authorized officer of the
Company, dated the Effective Date, stating that:

          (i) The representations and warranties contained in Section 4.01 are correct on and as of the
Effective Date, and

          (ii) No event has occurred and is continuing that constitutes a Default.

     (h) The Agent shall have received on or before the Effective Date the following, each dated
such day, in form and substance satisfactory to the Agent and (except for the Notes) in sufficient
copies for each Lender:

          (i) The Notes to the Lenders to the extent requested by any Lender pursuant to Section 2.16.

          (ii) Certified copies of the resolutions of the Board of Directors of each Loan Party
approving each Loan Document to which it is a party, and of all documents evidencing other
necessary corporate action and governmental approvals, if any, with respect to each Loan Document
to which it is a party.

          (iii) 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 a party and the other documents to be delivered hereunder.

          (iv) A favorable opinion of the Vice President and General Counsel of the Company,
substantially in the form of Exhibit D hereto.

          (v) A favorable opinion of Weil, Gotshal & Manges LLP, counsel for the Agent, in form and
substance satisfactory to the Agent.

     (i) The Company shall have terminated the commitments of the lenders and paid in full all Debt
outstanding under the Credit Agreement dated as of August 24, 2004, as amended and restated, among
the Borrower, the lenders parties thereto and Citicorp North America, Inc. as administrative agent.
By execution of this Agreement, each of the Lenders that is a lender under either such credit
agreement referred to above hereby waives any requirement set forth in such credit agreement of
prior notice relating to the termination of their commitments thereunder.

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     Section 3.02. Conditions Precedent to the Initial Borrowing of Each Designated
Subsidiary. The obligation of each Lender to make an initial Advance to each Designated
Subsidiary following its designation as a Borrower hereunder pursuant to Section 9.12 on the
occasion of the initial Borrowing thereby is subject to the Agent’s receipt on or before three
Business Days prior to the date of such initial Borrowing of each of the following, in form and
substance satisfactory to the Agent and dated such date:

     (a) The Designation Letter of such Designated Subsidiary, in substantially the form of
Exhibit E hereto.

     (b) The Note of such Designated Subsidiary to the Lenders to the extent requested by any
Lender pursuant to Section 2.15.

     (c) A certificate of the Secretary or an Assistant Secretary (or person performing similar
functions) of such Designated Subsidiary certifying (i) appropriate resolutions of the board of
directors (or persons performing similar functions) of such Designated Subsidiary approving this
Agreement and its Notes, and all documents evidencing other necessary corporate (or equivalent)
action and governmental approvals, if any, with respect to this Agreement and its Notes (copies of
which shall be attached thereto) and (ii) the names and true signatures of the officers of such
Designated Subsidiary authorized to sign the Designation Letter of such Designated Subsidiary and
its Notes and the other documents to be delivered by such Designated Subsidiary hereunder.

     (d) A copy of a certificate of the Secretary of State (or other appropriate Governmental
Authority) of the jurisdiction of organization of such Designated Subsidiary, dated reasonably near
the date of such Borrowing, certifying that such Designated Subsidiary is duly organized and in
good standing (or the equivalent thereof) under the laws of the jurisdiction of its organization.

     (e) A certificate signed by a duly authorized officer of such Designated Subsidiary, dated as
of the date of such Borrowing, certifying that such Designated Subsidiary has obtained all
authorizations, consents, approvals (including, without limitation, exchange control approvals) and
licenses of any Governmental Authority or other third party necessary for such Designated
Subsidiary to execute and deliver its Designation Letter and its Notes and to perform its
obligations under this Agreement or any of its Notes.

     (f) Such other documents, opinions and other information as any Lender, through the Agent, may
reasonably request, including such documents and other information requested to satisfy the
obligations of the Lenders described in Section 9.14 or any applicable “know your customer” or
other anti-money laundering applicable laws.

     Section 3.03. Conditions Precedent to Each Borrowing, Issuance and Commitment
Increase. The obligation of each Lender to make an Advance on the occasion of each Borrowing,
the obligations of each Issuing Bank to issue a Letter of Credit and each Commitment Increase shall
be subject to the conditions precedent that the Effective Date shall have occurred and on the date
of such Borrowing, such issuance or such Commitment Increase, as applicable, (a) the following
statements shall be true (and each of the giving of the applicable Notice of Borrowing, Notice of
Issuance or request for Commitment Increase and the acceptance by such Borrower of the proceeds of
such Borrowing shall constitute a representation and warranty by such Borrower that on the date of
such Borrowing or such issuance or the applicable Increase Date such statements are true):

          (i) the representations and warranties contained in Section 4.01 (except, in the case of
Borrowings made after the initial Borrowing and in the case of the issuance of Letters of

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Credit, the representations set forth in the last sentence of subsection (e) and subsection
(f) thereof) (and, if such Borrowing shall have been requested by a Designated Subsidiary, the
representations and warranties of such Designated Subsidiary contained in its Designation Letter)
are correct on and as of such date, before and after giving effect to such Borrowing, such issuance
or such Commitment Increase and to the application of the proceeds therefrom, as though made on and
as of such date except to the extent that such representations and warranties expressly relate to
an earlier specified date, and

          (ii) no event has occurred and is continuing, or would result from such Borrowing, such
issuance or such Commitment Increase from the application of the proceeds therefrom, that
constitutes a Default;

and (b) the Agent shall have received such other approvals, opinions or documents as any Lender
through the Agent may reasonably request.

     Section 3.04. Determinations Under Section 3.01. For purposes of determining
compliance with the conditions specified in Section 3.01, each 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 Lenders unless an
officer of the Agent responsible for the transactions contemplated by this Agreement shall have
received notice from such Lender prior to the date that the Company, by notice to the Lenders,
designates as the proposed Effective Date, specifying its objection thereto. The Agent shall
promptly notify the Lenders of the occurrence of the Effective Date.

     Section 3.05. Additional Conditions to Issuance. In addition to the other conditions
precedent herein set forth, if any Lender becomes, and during the period it remains, a Defaulting
Lender, no Issuing Bank will be required to issue or renew any Letter of Credit, unless such
Issuing Bank is satisfied that any exposure that would result therefrom is eliminated or fully
covered by the Commitments of the non-Defaulting Lenders or by cash collateralization or a
combination thereof satisfactory to such Issuing Bank.

ARTICLE IV

REPRESENTATIONS AND WARRANTIES

     Section 4.01. Representations and Warranties of the Company. The Company represents
and warrants as follows:

     (a) Each Loan Party is a Person duly organized, validly existing and in good standing under
the laws of the jurisdiction of its formation.

     (b) The execution, delivery and performance by each Loan Party of each Loan Document to which
it is a party and to be delivered by it, and the consummation of the transactions contemplated
hereby, are within such Loan Party’s corporate or other powers, have been duly authorized by all
necessary corporate or other action, and do not contravene (i) such Loan Party’s charter or code of
regulations or comparable organizational documents or (ii) any applicable law or any contractual
restriction in any material contract or, to the knowledge of the chief financial officer of the
Company, any other contract the breach of which would limit the ability of any Loan Party to
perform its obligations under any Loan Document, binding on or affecting any Loan Party.

     (c) No authorization or approval or other action by, and no notice to or filing with, any
governmental authority or regulatory body or any other third party is required for the due
execution,

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delivery and performance by any Loan Party of any Loan Document to which it is a party and to
be delivered by it or for the consummation of the transactions contemplated hereby, other than
authorizations, approvals, actions, notices or filings (i) that have been duly obtained, taken,
given or made and are in full force and effect or (ii) as to which the failure to obtain, take,
give or make would not reasonably be likely to result in a Material Adverse Effect.

     (d) This Agreement has been, and each of the other Loan Documents to be delivered by it when
delivered hereunder will have been, duly executed and delivered by each Loan Party party thereto.
This Agreement is, and the other Loan Documents when delivered hereunder will be, the legal, valid
and binding obligation of each Loan Party party thereto enforceable against such Loan Party in
accordance with their respective terms, except to the extent that the enforceability thereof may be
limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws
generally affecting creditors’ rights and by equitable principles (regardless of whether
enforcement is sought in equity or law).

     (e) The Consolidated balance sheet of the Company and its Subsidiaries as at December 31,
2009, and the related Consolidated statements of income and cash flows of the Company and its
Subsidiaries for the fiscal year then ended, accompanied by an opinion of Deloitte & Touche LLP,
independent public accountants, and the Consolidated balance sheet of the Company and its
Subsidiaries as at March 31, 2010, and the related Consolidated statements of income and cash flows
of the Company and its Subsidiaries for the three months then ended, duly certified by the chief
financial officer of the Company, copies of which have been furnished to each Lender, fairly
present, subject, in the case of said balance sheet as at March 31, 2010, and said statements of
income and cash flows for the three months then ended, to year-end audit adjustments, the
Consolidated financial condition of the Company and its Subsidiaries as at such dates and the
Consolidated results of the operations of the Company and its Subsidiaries for the periods ended on
such dates, all in accordance with GAAP consistently applied. Since December 31, 2009, there has
been no Material Adverse Change.

     (f) There is no pending or, to the Company’s knowledge, threatened action, suit,
investigation, litigation or proceeding, including, without limitation, any Environmental Action,
affecting the Company or any of its Subsidiaries before any court, governmental agency or
arbitrator that (i) would be reasonably likely to have a Material Adverse Effect (other than the
Disclosed Litigation) or (ii) purports to affect the legality, validity or enforceability of this
Agreement or any other Loan Document or the consummation of the transactions contemplated hereby,
and there has been no adverse change in the status, or financial effect on the Company or any of
its Subsidiaries, of the Disclosed Litigation from that described on Schedule 3.01(b) hereto.

     (g) The Information Memorandum and any other information, exhibit or report that has been or
will hereafter be furnished by or on behalf of the Company or any other Loan Party to the Agent or
any Lender in connection with the negotiation and syndication of this Agreement or pursuant to the
terms of this Agreement is and will be when furnished, taken as a whole, complete and correct in
all material respects and does not and will not, when furnished, contain any untrue statement of a
material fact or omit to state a material fact necessary in order to make the statements contained
therein not misleading in light of the circumstances under which such statements were or are made.

     (h) The Company is not engaged in the business of extending credit for the purpose of
purchasing or carrying margin stock (within the meaning of Regulation U issued by the Board of
Governors of the Federal Reserve System), 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.

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     (i) No Loan Party is an “investment company”, or a company “controlled” by an “investment
company”, within the meaning of the Investment Company Act of 1940, as amended.

     (j) The Company is, individually and together with its Subsidiaries, Solvent.
“Solvent” means, with respect to any Person on a particular date, that on such date (i) the
fair value of the property of such Person is greater than the total amount of liabilities,
including, without limitation, contingent liabilities, of such Person, (ii) the present fair
salable value of the assets of such Person is not less than the amount that will be required to pay
the probable liability of such Person on its debts as they become absolute and matured, (iii) such
Person does not intend to, and does not believe that it will, incur debts or liabilities beyond
such Person’s ability to pay such debts and liabilities as they mature and (iv) such Person is not
engaged in business or a transaction, and is not about to engage in business or a transaction, for
which such Person’s property would constitute an unreasonably small capital. 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.

ARTICLE V

COVENANTS OF THE BORROWERS

     Section 5.01. Affirmative Covenants. So long as any Advance shall remain unpaid, any
Letter of Credit shall remain outstanding or any Lender shall have any Commitment hereunder, each
Borrower will:

     (a) Compliance with Laws, Etc. Comply, and cause each of its Subsidiaries to comply,
in all material respects, with all applicable laws, rules, regulations and orders, such compliance
to include, without limitation, compliance with ERISA and Environmental Laws.

     (b) Payment of Taxes, Etc. Pay and discharge, and cause each of its Subsidiaries to
pay and discharge, before the same shall become delinquent, (i) all taxes, assessments and
governmental charges or levies imposed upon it or upon its property and (ii) all lawful claims
that, if unpaid, might by law become a Lien upon its property; provided, however, that neither such
Borrower nor any of its Subsidiaries shall be required to pay or discharge any such tax,
assessment, charge or claim that is being contested in good faith and by proper proceedings.

     (c) Maintenance of Insurance. Maintain, and cause each of its Subsidiaries to
maintain, insurance with responsible and reputable insurance companies or associations in such
amounts 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 Borrower or such Subsidiary
operates; provided, however, that such Borrower and its Subsidiaries may self-insure to the same
extent as other companies engaged in similar businesses and owning similar properties and to the
extent consistent with prudent business practice.

     (d) Preservation of Corporate Existence, Etc. Preserve and maintain, and cause each
of its Subsidiaries to preserve and maintain, its corporate existence, rights (charter and
statutory) and franchises; provided, however, that such Borrower and its Subsidiaries may
consummate any merger or consolidation permitted under Section 5.02(b) and provided, further that
neither such Borrower nor any of its Subsidiaries shall be required to preserve any right or
franchise if the Board of Directors (or equivalent governing body) of such Borrower or such
Subsidiary shall determine that the preservation thereof is no longer desirable in the conduct of
the business of such Borrower or such Subsidiary, as the case may be,

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and that the loss thereof is not disadvantageous in any material respect to such Borrower,
such Subsidiary or the Lenders.

     (e) Visitation Rights. At any reasonable time and from time to time, upon reasonable
notice and during normal business hours, permit the Agent or any of the Lenders or any agents or
representatives thereof, to examine and make copies of and abstracts from the records and books of
account of, and visit the properties of, such Borrower and any of its Subsidiaries, and to discuss
the affairs, finances and accounts of such Borrower and any of its Subsidiaries with any of their
officers or directors and with their independent certified public accountants.

     (f) 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 Borrower and each such Subsidiary in accordance
with GAAP in effect from time to time.

     (g) Maintenance of Properties, Etc. Maintain and preserve, and cause each of its
Subsidiaries to maintain and preserve, all of its properties that are used or useful in the conduct
of its business in good working order and condition, ordinary wear and tear excepted.

     (h) Reporting Requirements. Furnish to the Lenders:

          (i) as soon as available and in any event within 45 days after the end of each of the first
three quarters of each fiscal year of the Company, the Consolidated balance sheet of the Company
and its Subsidiaries as of the end of such quarter and Consolidated statements of income and cash
flows of the Company and its Subsidiaries for the period commencing at the end of the previous
fiscal year and ending with the end of such quarter, duly certified (subject to year-end audit
adjustments) by the chief financial officer of the Company as having been prepared in accordance
with GAAP and certificates of the chief financial officer of the Company as to compliance with the
terms of this Agreement and setting forth in reasonable detail the calculations necessary to
demonstrate compliance with Section 5.03;

          (ii) as soon as available and in any event within 90 days after the end of each fiscal year of
the Company, a copy of the annual report for such year for the Company and its Subsidiaries,
containing the Consolidated balance sheet of the Company and its Subsidiaries as of the end of such
fiscal year and Consolidated statements of income and cash flows of the Company and its
Subsidiaries for such fiscal year, in each case accompanied by an opinion acceptable to the
Required Lenders by Deloitte & Touche LLP or other independent public accountants reasonably
acceptable to the Required Lenders. There shall also be provided, in reasonable detail, the
calculations necessary to demonstrate compliance with Section 5.03;

          (iii) as soon as possible and in any event within five days after a responsible officer of the
Company knows or should have known of the occurrence of each Default continuing on the date of such
statement, a statement of the chief financial officer of the Company setting forth details of such
Default and the action that the Company has taken and/or proposes to take with respect thereto;

          (iv) promptly after the sending or filing thereof, copies of all reports that the Company
sends to any of its security holders, and copies of all reports and registration statements that
the Company or any Subsidiary files with the Securities and Exchange Commission or any national
securities exchange;

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          (v) promptly after the commencement thereof, notice of all actions and proceedings before any
court, governmental agency or arbitrator affecting the Company or any of its Subsidiaries of the
type described in Section 4.01(f); and

          (vi) such other information respecting the Company or any of its Subsidiaries as any Lender
through the Agent may from time to time reasonably request.

     (i) Pari Passu Status. Ensure, and cause each of its Designated Subsidiaries to
ensure, that the Debt outstanding under this Agreement and the Notes ranks at least pari passu with
all other senior unsecured Debt of the Company or such Designated Subsidiary, as the case may be.

     (j) Transactions with Affiliates. Conduct, and cause each of its Subsidiaries to
conduct, all transactions otherwise permitted under this Agreement with any of their Affiliates on
terms that are fair and reasonable and no less favorable to the Company or such Subsidiary than it
would obtain in a comparable arm’s length transaction with a Person not an Affiliate.

     Section 5.02. Negative Covenants. So long as any Advance shall remain unpaid, any
Letter of Credit shall remain outstanding or any Lender shall have any Commitment hereunder, no
Borrower will:

     (a) Liens, Etc. Create or suffer to exist, or permit any of its Subsidiaries to
create or suffer to exist, any Lien on or with respect to any of its properties, whether now owned
or hereafter acquired, or assign, or permit any of its Subsidiaries to assign, any right to receive
income, other than:

          (i) Liens existing on the Effective Date and described on Schedule 5.02(a) hereto,

          (ii) purchase money Liens upon or in any real property or equipment acquired or held by the
Company or any Subsidiary in the ordinary course of business (including any Lien in respect of a
capitalized lease of personal property) to secure the purchase price of such property or equipment
or to secure Debt incurred solely for the purpose of financing the acquisition or lease of such
property or equipment, or Liens existing on such property or equipment at the time of its
acquisition (other than any such Liens created in contemplation of such acquisition that were not
incurred to finance the acquisition of such property) 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 properties of any character other than the real property or equipment being
acquired or leased, and no such extension, renewal or replacement shall extend to or cover any
properties not theretofore subject to the Lien being extended, renewed or replaced,

          (iii) Liens asserted by warehousemen, mechanics or materialmen which Liens are being contested
in good faith by appropriate proceedings diligently conducted and for which reserves in accordance
with GAAP are being maintained on the books of the Company and any mechanic’s, carrier’s,
landlord’s or similar common law or statutory lien incurred in the normal course of business which
has not been docketed as a judgment,

          (iv) Liens or levies for taxes, fees, assessments or governmental charges not yet due and
payable or being contested in good faith by appropriate proceedings diligently conducted and Liens
resulting from or incurred with respect to legal proceedings which are being contested in good
faith by appropriate proceedings diligently conducted; provided that reserves in accordance with
GAAP are being maintained on the books of the Company with respect to such taxes, fees,
assessments, governmental charges and legal proceedings,

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          (v) Liens securing only workers’ compensation, unemployment insurance or similar obligations
and/or deposits or pledges made in connection with, or to secure payment of, utilities or similar
services, leases, workers’ compensation, unemployment insurance, old age pensions or other social
security obligations,

          (vi) Encumbrances as set forth in all deeds, title insurance and mortgages existing as of the
Effective Date in respect of all real property owned or leased by the Company or any of its
Subsidiaries and any other zoning or deed restrictions, public utility easements, minor title
irregularities and similar matters having no material adverse effect as a practical matter on the
ownership or use of any of the real property in question,

          (vii) Liens securing or given in lieu of surety, stay, appeal or performance bonds (other than
contracts for the payment of indebtedness for borrowed money), or deposits required by law or
governmental regulations or by any court order, decree, judgment or rule or as a condition to the
transaction of business or the exercise of any right, privilege or license, or Liens arising from a
judgment not constituting an Event of Default,

          (viii) Interest or title of a lessor under a lease,

          (ix) Liens in favor of the Agent or a Lender, if any, to secure the obligations of the Loan
Parties under the Loan Documents,

          (x) Liens created or assumed in purchasing, constructing or improving any real property or to
which any real property is subject when purchased; provided, however, that: (x) the mortgage,
security interest or other lien is confined to the property in question, and (y) the indebtedness
secured thereby is non-recourse as to any Loan Party and does not exceed the total cost of the
purchase, construction or improvement,

          (xi) Any transfer of a check or other medium of payment for deposit or collection, or any
similar transaction in the normal course of business,

          (xii) Any financing statement perfecting a security interest that would be permissible under
this Section 5.02(a),

          (xiii) Liens on property of a Person existing at the time such Person is merged into or
consolidated with the Company or any Subsidiary of the Company or becomes a Subsidiary of the
Company; provided, that such Liens were not created in contemplation of such merger, consolidation
or acquisition and do not extend to any assets other than those of the Person so merged into or
consolidated with the Company or such Subsidiary or acquired by the Company or such Subsidiary,

          (xiv) other Liens securing Debt in an aggregate principal amount not to exceed at any time
outstanding 2% of Consolidated Tangible Net Assets at the time such Lien is incurred,

          (xv) the replacement, extension or renewal of any Lien permitted by clause (i), (ii), (viii),
(ix) or (xii) above upon or in the same property theretofore subject thereto or the replacement,
extension or renewal (without increase in the amount or change in any direct or contingent obligor)
of the Debt secured thereby, and

          (xvi) Liens on receivables (and related assets) in connection with Permitted Receivables
Financings, so long as such Liens extend solely to the receivables (and related assets) being
securitized thereunder.

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     (b) Mergers, Acquisitions, Etc. Merge with or into or consolidate with any other
Person; liquidate, wind up, dissolve or divide; acquire all or substantially all of the properties
or assets of any ongoing concern or ongoing line of business; acquire all or substantially all of
the capital stock or other equity interests in or of any other Person other than in the ordinary
course of business; or agree, become or remain liable (contingently or otherwise) to do any of the
foregoing, or permit any of its Subsidiaries to do any of the foregoing, except:

          (i) the Company or any Subsidiary of the Company may acquire all or substantially all of the
properties or assets of any other Person, acquire all or substantially all of the capital stock or
other equity interests in or of any other Person, or become or remain liable (contingently or
otherwise) to do any of the foregoing, and

          (ii) a directly or indirectly wholly owned Subsidiary of the Company (or any Subsidiary of
such Subsidiary) may (x) merge with or into or consolidate with or into any other wholly owned
Subsidiary of the Company (or any Subsidiary of such Subsidiary), or (y) may merge with the
Company, provided, that the Company shall be the surviving corporation;

provided, further, in the case of each transaction permitted in clauses (i) and (ii)(x), that no
Default shall have occurred and be continuing at the time of such proposed transaction or would
result therefrom.

     (c) Sales, Etc. of Assets. Sell, lease, transfer or otherwise dispose of, or permit
any of its Subsidiaries to sell, lease, transfer or otherwise dispose of, any assets, or grant any
option or other right to purchase, lease or otherwise acquire any assets, except (i) sales of
inventory in the ordinary course of its business, (ii) sales, transfers or other dispositions of
obsolete or worn-out tools, equipment or other property (including leasehold interests) no longer
used or useful in business and sales of intellectual property determined to be uneconomical,
negligible or obsolete, (iii) sales, leases, transfers and other dispositions of assets (other than
Foreign Assets) by any Subsidiary of the Company to the Company or any of its Subsidiaries, (iv)
sales, leases, transfers and other dispositions of Foreign Assets by the Company or any of its
Subsidiaries to the Company or any of its Subsidiaries, (v) in addition to the sales permitted in
clauses (i), (ii), (iii) and (iv) above, sales of assets for fair value, provided that in the case
of the sale of any asset pursuant to this clause (v) in a single transaction or a series of related
transactions in an aggregate amount exceeding $50,000,000, the fair value of such asset shall have
been determined in good faith by the Board of Directors of the Company and (vi) sales or transfers
of receivables (and related assets) in connection with Permitted Receivables Financings.

     (d) 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 of its or their Subsidiaries 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 Company or
any Subsidiary of the Company (whether through a covenant restricting dividends, loans, asset
transfers or investments, a financial covenant or otherwise), except (i) any agreement or
instrument evidencing Debt existing on the date hereof and (ii) any agreement in effect at the time
such Subsidiary becomes a Subsidiary of the Company, so long as such agreement was not entered into
solely in contemplation of such Person becoming a Subsidiary of the Company.

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

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     (f) Change in Nature of Business. Make, or permit any of its Subsidiaries to make,
any material change in the nature of the business of the Company and its Subsidiaries considered as
a whole as carried on at the date hereof.

     Section 5.03. Financial Covenants. So long as any Advance shall remain unpaid, any
Letter of Credit shall remain outstanding or any Lender shall have any Commitment hereunder, the
Company will:

     (a) Debt/EBITDA Ratio. Maintain a ratio of Consolidated Debt to Consolidated EBITDA
for the period of twelve months most recently ended on or prior to the last day of each fiscal
quarter set forth below of not greater than 3.50 to 1.00.

     (b) Interest Coverage Ratio. Maintain a ratio of Consolidated EBITDA for the period
of four quarters most recently ended to cash interest payable on, and amortization of debt discount
in respect of, all Debt during such period, by the Company and its Subsidiaries of not less than
3.50 : 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) Any Borrower shall fail to pay any principal of any Advance when the same becomes due and
payable; or any Borrower shall fail to pay any interest on any Advance or make any other payment of
fees or other amounts payable under this Agreement or any Note within four Business Days after the
same becomes due and payable; or

     (b) Any representation or warranty made by any Borrower herein or by any Borrower (or any of
its corporate officers) in connection with this Agreement shall prove to have been incorrect in any
material respect when made; or

     (c) (i) The Borrowers shall fail to perform or observe any term, covenant or agreement
contained in Sections 5.01(d), (e) or (h), 5.02 or 5.03, or (ii) the Borrowers shall fail to
perform or observe any other term, covenant or agreement contained in this Agreement on its part to
be performed or observed if such failure shall remain unremedied for 15 days after written notice
thereof shall have been given to the Company by the Agent or any Lender; or

     (d) The Company or any of its Subsidiaries shall fail to pay any principal of or premium or
interest on any Debt that is outstanding in a principal amount of at least $50,000,000 (or the
equivalent thereof in any other currency) in the aggregate at any one time (but excluding Debt
outstanding hereunder) of the Company or such Subsidiary (as the case may be), 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 Debt; or any other event shall occur or condition
shall exist under any agreement or instrument relating to any such 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
Debt; or any such Debt shall be declared to be due and payable, or required to be prepaid or
redeemed (other than by a regularly scheduled required prepayment

38

 

or redemption), purchased or defeased, or an offer to prepay, redeem, purchase or defease such
Debt shall be required to be made, in each case prior to the stated maturity thereof; or

     (e) The Company or any of its Subsidiaries shall generally not pay its debts as such debts
become due, or shall admit in writing its inability to pay its debts generally, or shall make a
general assignment for the benefit of creditors; or any proceeding shall be instituted by or
against the Company 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, custodian 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), 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 for any
substantial part of its property) shall occur; or the Company or any of its Subsidiaries shall take
any corporate action to authorize any of the actions set forth above in this subsection (e); or

     (f) Judgments or orders for the payment of money in excess of $50,000,000 (or the equivalent
thereof in any other currency) in the aggregate shall be rendered against the Company 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 10 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; provided, however, that any such judgment or order shall not be an Event of Default
under this Section 6.01(f) if and for so long as (i) the amount of such judgment or order is
covered by a valid and binding policy of insurance between the defendant and the insurer covering
payment thereof and (ii) such insurer, which shall be rated at least “A” by A.M. Best Company, has
been notified of, and has not disputed the claim made for payment of, the amount of such judgment
or order; or

     (g) (i) Any Person or two or more Persons acting in concert 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), directly or indirectly, of Voting Stock of the Company (or other
securities convertible into such Voting Stock) representing 20% or more of the combined voting
power of all Voting Stock of the Company; or (ii) during any period of up to 24 consecutive months,
commencing before or after the date of this Agreement, individuals who at the beginning of such
24-month period were directors of the Company shall cease for any reason to constitute a majority
of the board of directors of the Company; or

     (h) The Company or any of its ERISA Affiliates shall incur, or, in the reasonable opinion of
the Required Lenders, shall be reasonably likely to incur liability in excess of $25,000,000 in the
aggregate as a result of one or more of the following: (i) the occurrence of any ERISA Event; (ii)
the partial or complete withdrawal of the Company or any of its ERISA Affiliates from a
Multiemployer Plan; or (iii) the reorganization or termination of a Multiemployer Plan;

then, and in any such event, the Agent (i) shall at the request, or may with the consent, of the
Required Lenders, by notice to the Borrowers, terminate the Commitments (other than the Commitments
to make Advances by an Issuing Bank or a Lender pursuant to Section 2.03(c)), and thereupon the
Commitments shall forthwith terminate, and (ii) shall at the request, or may with the consent, of
the Required Lenders, by notice to the Borrowers, declare the Advances, all interest thereon and
all other amounts payable under this Agreement 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 each Borrower; provided, however, that in

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the event of an actual or deemed entry of an order for relief with respect to any Borrower under
the Federal Bankruptcy Code, (A) the obligation of each Lender to make Advances shall automatically
be terminated (other than the Commitments to make Advances by an Issuing Bank or a Lender pursuant
to Section 2.03(c)) and (B) 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 each Borrower.

     Section 6.02. Actions in Respect of the Letters of Credit upon Default. If any Event
of Default shall have occurred and be continuing, the Agent may with the consent, or shall at the
request, of the Revolving Credit Lenders having at least a majority in interest of the Revolving
Credit Commitments, irrespective of whether it is taking any of the actions described in Section
6.01 or otherwise, make demand upon the Borrowers to, and forthwith upon such demand the Borrowers
will, (a) pay to the Agent on behalf of the Revolving Credit Lenders in same day funds at the
Agent’s office designated in such demand, for deposit in the L/C Cash Collateral Account, an amount
equal to the aggregate Available Amount of all Letters of Credit then outstanding or (b) make such
other arrangements in respect of the outstanding Letters of Credit as shall be acceptable to the
Revolving Credit Lenders having at least a majority in interest of the Revolving Credit
Commitments. If at any time the Agent determines that any funds held in the L/C Cash Collateral
Account are subject to any right or claim of any Person other than the Agent and the Revolving
Credit Lenders or that the total amount of such funds is less than the aggregate Available Amount
of all Letters of Credit, the Borrowers will, forthwith upon demand by the Agent, pay to the Agent,
as additional funds to be deposited and held in the L/C Cash Collateral Account, an amount equal to
the excess of (a) such aggregate Available Amount over (b) the total amount of funds, if any, then
held in the L/C Cash Collateral Account that the Agent determines to be free and clear of any such
right and claim. Upon the drawing of any Letter of Credit, to the extent funds are on deposit in
the L/C Cash Collateral Account, such funds shall be applied to reimburse the Issuing Banks to the
extent permitted by applicable law. After (i) no Event of Default shall be continuing or (ii) all
such Letters of Credit shall have expired or been fully drawn upon and all other obligations of the
Borrowers hereunder and under the Notes shall have been paid in full, the balance, if any, in such
L/C Cash Collateral Account shall be returned to the Borrowers.

ARTICLE VII

GUARANTY

     Section 7.01. Guaranty. The Company 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
Borrower now or hereafter existing under or in respect of this Agreement and the Notes of such
Borrower (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, reasonable fees and expenses
of counsel) incurred by the Agent or any Lender in enforcing any rights under this Guaranty.
Without limiting the generality of the foregoing, the Company’s liability shall extend to all
amounts that constitute part of the Guaranteed Obligations and would be owed by any other Borrower
to the Agent or any Lender under or in respect of this Agreement and its Notes 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 Borrower. Notwithstanding any other provisions of this
Agreement, stock of a foreign entity directly held by the Company shall not serve as security for
the Guaranteed Obligations, other than stock of any such foreign entity representing no

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more than 65% of the total combined voting power of all classes of stock of such entity
entitled to vote. This Guaranty constitutes a guaranty of payment and not of collection.

     Section 7.02. Guaranty Absolute. The Company guarantees that the Guaranteed
Obligations will be paid strictly in accordance with the terms of this Agreement and the applicable
Notes, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction
affecting any of such terms or the rights of the Agent or any Lender with respect thereto. The
obligations of the Company under or in respect of this Guaranty are independent of the Guaranteed
Obligations or any other obligations of any other Borrower under or in respect of this Agreement
and the Notes, and a separate action or actions may be brought and prosecuted against the Company
to enforce this Guaranty, irrespective of whether any action is brought against any other Borrower
or whether any other Borrower is joined in any such action or actions. The liability of the
Company under this Guaranty shall be irrevocable, absolute and unconditional irrespective of, and
to the extent not prohibited by applicable law, the Company hereby irrevocably waives any defenses
it may now have or hereafter acquire in any way relating to, any or all of the following:

     (a) any lack of validity or enforceability of this Agreement, any Note 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 Borrower under or in respect of
this Agreement, and Notes, or any other amendment or waiver of or any consent to departure from
this Agreement or any Note, including, without limitation, any increase in the Guaranteed
Obligations resulting from the extension of additional credit to any Borrower or any of its
Subsidiaries or otherwise;

     (c) any taking, exchange, 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, if any, or proceeds thereof, to all or any of the
Guaranteed Obligations, or any manner of sale or other disposition of any collateral for all or any
of the Guaranteed Obligations or any other obligations of any Borrower under this Agreement or the
Notes or any other assets of any Borrower or any of its Subsidiaries;

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

     (f) any failure of the Agent or any Lender to disclose to any Borrower any information
relating to the business, condition (financial or otherwise), operations, performance, properties
or prospects of any other Borrower now or hereafter known to the Agent or such Lender (the Company
waiving any duty on the part of the Agent and the Lenders to disclose such information);

     (g) the release or reduction of liability of any 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 the Agent or any Lender that might otherwise
constitute a defense available to, or a discharge of, any Borrower or any other guarantor or
surety.

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 the
Agent or

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any Lender or any other Person upon the insolvency, bankruptcy or reorganization of any other
Borrower or otherwise, all as though such payment had not been made.

     Section 7.03. Waivers and Acknowledgments. (a) The Company 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
the Agent or any Lender protect, secure, perfect or insure any Lien or any property subject thereto
or exhaust any right or take any action against any Borrower or any other Person or any collateral.

     (b) The Company 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) The Company hereby unconditionally and irrevocably waives (i) any defense arising by
reason of any claim or defense based upon an election of remedies by the Agent or any Lender that
in any manner impairs, reduces, releases or otherwise adversely affects the subrogation,
reimbursement, exoneration, contribution or indemnification rights of the Company or other rights
of the Company to proceed against any of the other Borrowers, any other guarantor or any other
Person or any collateral and (ii) any defense based on any right of set-off or counterclaim against
or in respect of the obligations of the Company hereunder.

     (d) The Company hereby unconditionally and irrevocably waives any duty on the part of the
Agent or any Lender to disclose to the Company any matter, fact or thing relating to the business,
condition (financial or otherwise), operations, performance, properties or prospects of any other
Borrower or any of its Subsidiaries now or hereafter known by the Agent or such Lender.

     (e) The Company acknowledges that it will receive substantial direct and indirect benefits
from the financing arrangements contemplated by this Agreement and that the waivers set forth in
Section 7.02 and this Section 7.03 are knowingly made in contemplation of such benefits.

     Section 7.04. Subrogation. The Company hereby unconditionally and irrevocably agrees,
so long as any Event of Default has occurred and is continuing, not to exercise any rights that it
may now have or hereafter acquire against any other Borrower or any other insider guarantor that
arise from the existence, payment, performance or enforcement of the Company’s obligations under or
in respect of this Guaranty, including, without limitation, any right of subrogation,
reimbursement, exoneration, contribution or indemnification and any right to participate in any
claim or remedy of the Agent or any Lender against any Borrower 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 any
Borrower 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 all of the Guaranteed Obligations and all other amounts payable under this
Guaranty shall have been paid in full in cash and the Commitments shall have expired or been
terminated. If any amount shall be paid to the Company in violation of the immediately preceding
sentence at any time prior to the later of (a) the payment in full in cash of the Guaranteed
Obligations and all other amounts payable under this Guaranty and (b) the Termination Date, such
amount shall be received and held in trust for the benefit of the Agent and the Lenders, shall be
segregated from other property and funds of the Company and shall forthwith be paid or delivered to
the 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 this Agreement, or to be
held as collateral for any

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Guaranteed Obligations or other amounts payable under this Guaranty thereafter arising. If
(i) the Company shall make payment to the Agent or any Lender of all or any part of the Guaranteed
Obligations, (ii) all of the Guaranteed Obligations and all other amounts payable under this
Guaranty shall have been paid in full in cash and (iii) the Termination Date shall have occurred,
the Agent and the Lenders will, at the Company’s request and expense, execute and deliver to the
Company appropriate documents, without recourse and without representation or warranty, necessary
to evidence the transfer by subrogation to the Company of an interest in the Guaranteed Obligations
resulting from such payment made by the Company pursuant to this Guaranty.

     Section 7.05. Subordination. The Company hereby subordinates any and all debts,
liabilities and other obligations owed to the Company by each other Borrower (the “Subordinated
Obligations”) to the Guaranteed Obligations to the extent and in the manner hereinafter set
forth in this Section 7.05:

     (a) Prohibited Payments, Etc. Except during the continuance of an Event of Default
(including the commencement and continuation of any proceeding under any bankruptcy law relating to
any other Borrower), the Company may receive regularly scheduled payments from any other Borrower
on account of the Subordinated Obligations. After the occurrence and during the continuance of any
Event of Default (including the commencement and continuation of any proceeding under any
bankruptcy law relating to any other Borrower), however, unless the Required Lenders otherwise
agree, the Company shall not 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 Borrower, the Company agrees that the Agent and the 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 the
Company receives payment of any Subordinated Obligations.

     (c) Turn-Over. After the occurrence and during the continuance of any Event of
Default (including the commencement and continuation of any proceeding under any bankruptcy law
relating to any other Borrower), the Company shall, if the Agent so requests, collect, enforce and
receive payments on account of the Subordinated Obligations as trustee for the Agent and the
Lenders and deliver such payments to the 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 the Company under the
other provisions of this Guaranty.

     (d) Agent Authorization. After the occurrence and during the continuance of any Event
of Default (including the commencement and continuation of any proceeding under any bankruptcy law
relating to any other Borrower), the Agent is authorized and empowered (but without any obligation
to so do), in its discretion, (i) in the name of the Company, to collect and enforce, and to submit
claims in respect of, Subordinated Obligations and to apply any amounts received thereon to the
Guaranteed Obligations (including any and all Post Petition Interest), and (ii) to require the
Company (A) to collect and enforce, and to submit claims in respect of, Subordinated Obligations
and (B) to pay any amounts received on such obligations to the Agent for application to the
Guaranteed Obligations (including any and all Post Petition Interest).

     Section 7.06. Continuing Guaranty; Assignments. This Guaranty is a continuing
guaranty and shall (a) remain in full force and effect until the later of (i) the payment in full
in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty and (ii)
the Termination Date,

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(b) be binding upon the Company, its successors and assigns and (c) inure to the benefit of
and be enforceable by the Agent and the Lenders and their successors, transferees and assigns.
Without limiting the generality of clause (c) of the immediately preceding sentence, the Agent or
any 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 the 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 the Agent or such
Lender herein or otherwise, in each case as and to the extent provided in Section 9.07. The
Company shall not have the right to assign its rights under this Article VII or any interest in
this Article VII without the prior written consent of the Agent and the Lenders.

ARTICLE VIII

THE AGENT

     Section 8.01. Authorization and Action. Each Lender (in its capacity as a Lender and
an Issuing Bank, as applicable) hereby appoints and authorizes the Agent to take such action as
agent on its behalf and to exercise such powers and discretion under this Agreement as are
delegated to the Agent by the terms hereof, together with such powers and discretion as are
reasonably incidental thereto. As to any matters not expressly provided for by this Agreement
(including, without limitation, enforcement or collection of the Notes), the Agent shall not 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 Lenders and
all holders of Notes; provided, however, that the Agent shall not be required to take any action
that exposes the Agent to personal liability or that is contrary to this Agreement or applicable
law. The Agent agrees to give to each Lender prompt notice of each notice given to it by any
Borrower pursuant to the terms of this Agreement.

     Section 8.02. Agent’s Reliance, Etc. Neither the Agent nor any of its 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 this Agreement, except for its or their own gross negligence or
willful misconduct. Without limitation of the generality of the foregoing, the Agent: (i) may
treat the Lender that made any Advance as the holder of the Debt resulting therefrom until the
Agent receives and accepts an Assignment and Acceptance entered into by such Lender, as assignor,
and an Eligible Assignee, as assignee, as provided in Section 9.07; (ii) may consult with legal
counsel (including counsel for the Borrowers), 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; (iii) makes no warranty
or representation to any Lender and shall not be responsible to any Lender for any statements,
warranties or representations (whether written or oral) made in or in connection with this
Agreement; (iv) 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 this Agreement on the
part of any Borrower or the existence at any time of any Default or to inspect the property
(including the books and records) of any Borrower; (v) shall not be responsible to any Lender for
the due execution, legality, validity, enforceability, genuineness, sufficiency or value of this
Agreement or any other instrument or document furnished pursuant hereto; and (vi) shall incur no
liability under or in respect of this Agreement by acting upon any notice, consent, certificate or
other instrument or writing (which may be by telecopier or telegram) believed by it to be genuine
and signed or sent by the proper party or parties.

     Section 8.03. Citibank and Affiliates. With respect to its Commitments, the Advances
made by it and the Notes issued to it, Citibank shall have the same rights and powers under this
Agreement as any other Lender and may exercise the same as though it were not the Agent; and the
term “Lender” or “Lenders” shall, unless otherwise expressly indicated, include
Citibank in its individual

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capacity. Citibank 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, the Company, any of its Subsidiaries and any Person who may do business with or own
securities of the Company or any such Subsidiary, all as if Citibank were not the Agent and without
any duty to account therefor to the Lenders. The Agent shall have no duty to disclose information
obtained or received by it or any of its affiliates relating to the Company or its Subsidiaries to
the extent such information was obtained or received in any capacity other than as Agent. In the
event that Citibank or any of its Affiliates shall be or become an indenture trustee under the
Trust Indenture Act of 1939 (as amended, the “Trust Indenture Act”) in respect of any
securities issued or guaranteed by the Company, the parties hereto acknowledge and agree that any
payment or property received in satisfaction of or in respect of any obligation of the Company
hereunder or under any other Loan Document by or on behalf of Citibank in its capacity as the Agent
for the benefit of any Lender under this Agreement or any Note (other than Citibank or an Affiliate
of Citibank) and which is applied in accordance with this Agreement shall be deemed to be exempt
from the requirements of Section 311 of the Trust Indenture Act pursuant to Section 311(b)(3) of
the Trust Indenture Act.

     Section 8.04. Lender Credit Decision. Each Lender acknowledges that it has,
independently and without reliance upon the Agent or any other Lender and based on the financial
statements referred to in Section 4.01 and such other documents and information as it has deemed
appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender
also acknowledges that it will, independently and without reliance upon the Agent or any other
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 8.05. Indemnification. (a) The Lenders agree to indemnify the Agent and
each of its Affiliates, and each of their respective directors, officers, employees, agents and
advisors (to the extent not reimbursed by the Borrowers), ratably according to the respective
principal amounts of the Advances then owed to each of them (or if no Advances are at the time
outstanding, ratably according to the respective amounts of their Commitments), from and against
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 the Agent or any of its Affiliates or their respective directors, officers,
employees, agents or advisors in any way relating to or arising out of this Agreement or any action
taken or omitted by the Agent under this Agreement (collectively, the “Indemnified Costs”),
provided, that no Lender shall be liable for any portion of the Indemnified Costs resulting from
the Agent’s or such Affiliate’s gross negligence or willful misconduct. Without limitation of the
foregoing, each Lender agrees to reimburse the Agent promptly upon demand for its ratable share of
any out-of-pocket expenses (including reasonable counsel fees) incurred by the Agent in connection
with the preparation, execution, delivery, administration, modification, amendment or enforcement
(whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of
rights or responsibilities under, this Agreement, to the extent that the Agent is not reimbursed
for such expenses by the Borrowers. In the case of any investigation, litigation or proceeding
giving rise to any Indemnified Costs, this Section 8.05 applies whether any such investigation,
litigation or proceeding is brought by the Agent, any Lender or a third party. For purposes of
this Section 8.05(a), the Lenders’ respective pro rata shares of any amount shall be determined, at
any time, according to the sum of (i) the aggregate principal amount of the Advances outstanding at
such time and owing to the respective Lenders, (ii) their respective Ratable Shares of the
aggregate Available Amount of all Letters of Credit outstanding at such time, and (iii) their
respective Unused Revolving Credit Commitments at such time.

     (b) Each Revolving Credit Lender severally agrees to indemnify the Issuing Banks (to the
extent not promptly reimbursed by the Borrowers) from and against such Lender’s Ratable Share of
any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses

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or disbursements of any kind or nature whatsoever that may be imposed on, incurred by, or
asserted against any such Issuing Bank in any way relating to or arising out of this Agreement or
any action taken or omitted by such Issuing Bank hereunder or in connection herewith; provided,
however, that no Revolving Credit Lender shall be liable for any portion of such liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements resulting from such Issuing Bank’s gross negligence or willful misconduct. Without
limitation of the foregoing, each Revolving Credit Lender agrees to reimburse any such Issuing Bank
promptly upon demand for its Ratable Share of any costs and expenses (including, without
limitation, fees and expenses of counsel) payable by the Borrowers under Section 9.04, to the
extent that such Issuing Bank is not promptly reimbursed for such costs and expenses by the
Borrowers.

     (c) The failure of any Lender to reimburse the Agent or the Issuing Bank promptly upon demand
for its ratable share of any amount required to be paid by the Lenders to the Agent or the Issuing
Bank as provided herein shall not relieve any other Lender of its obligation hereunder to reimburse
the Agent or the Issuing Bank for its ratable share of such amount, but no Lender shall be
responsible for the failure of any other Lender to reimburse the Agent or an Issuing Bank for such
other Lender’s ratable share of such amount. Without prejudice to the survival of any other
agreement of any Lender hereunder, the agreement and obligations of each Lender contained in this
Section 8.05 shall survive the payment in full of principal, interest and all other amounts payable
hereunder and under the Notes.

     Section 8.06. Successor Agent. The Agent may resign at any time by giving written
notice thereof to the Lenders and the Company and may be removed at any time with or without cause
by the Required Lenders. Upon any such resignation or removal, the Required Lenders shall have the
right to appoint a successor Agent with the consent of the Company, which consent shall not be
unreasonably withheld and shall not be required if any Event of Default has occurred and is
continuing. 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 Lenders, appoint a successor Agent, which shall be a commercial bank organized under
the laws of the United States of America or of any State thereof and having a combined capital and
surplus of at least $500,000,000. Upon the acceptance of any appointment as Agent hereunder by a
successor Agent, such successor Agent shall thereupon 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 this Agreement. After any retiring
Agent’s resignation or removal hereunder as Agent, the provisions of this Article VIII 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 8.07. Other Agents. Each Lender hereby acknowledges that neither the
documentation agent nor any other Lender designated as any “Agent” on the signature pages
hereof (other than the Agent) has any liability hereunder other than in its capacity as a Lender.

ARTICLE IX

MISCELLANEOUS

     Section 9.01. Amendments, Etc. No amendment or waiver of any provision of this
Agreement or the Notes, nor consent to any departure by any Borrower therefrom, shall in any event
be effective unless the same shall be in writing and signed 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 no amendment, waiver or consent shall, unless in writing and
signed by each

46

 

affected Lender, do any of the following: (a) waive any of the conditions specified in
Section 3.01, (b) increase or extend the Commitment of such Lender other than in accordance with
Section 2.18, (c) reduce the principal of, or interest on, the Advances or any fees or other
amounts payable hereunder, (d) postpone any date fixed for any payment of principal of, or interest
on, the Advances or any fees or other amounts payable hereunder, (e) change the percentage of the
Revolving Credit Commitments or of the aggregate unpaid principal amount of the Advances, or the
number of Lenders, that shall be required for the Lenders or any of them to take any action
hereunder, (f) reduce, subordinate, terminate or limit the obligations of the Company under Section
7.01, (g) amend this Section 9.01 or (h) amend or waive any provision of this Agreement in any
manner that would adversely affect such Lender’s right to receive its ratable share of any payment
made or proceeds distributed to which it is entitled under the Loan Documents; and provided,
further that (x) no amendment, waiver or consent shall, unless in writing and signed by the Agent
in addition to the Lenders required above to take such action, affect the rights or duties of the
Agent under this Agreement or any Note and (y) no amendment, waiver or consent shall, unless in
writing and signed by the Issuing Banks in addition to the Lenders required above to take such
action, adversely affect the rights or obligations of the Issuing Banks in their capacities as such
under this Agreement.

     Section 9.02. Notices, Etc. (a) All notices and other communications provided for
hereunder shall be either (a) in writing (including facsimile or electronic communication) and
mailed, sent by facsimile, emailed or delivered or (y) as and to the extent set forth in Section
9.02(c) and in the proviso to this Section 9.02(a), if to any Borrower, at the address of the
Company at 29400 Lakeland Blvd., Wickliffe, Ohio 44092-2298, Attention: Treasurer (with a copy to
the Company’s legal division at the same address) if to any Initial Lender, at its Domestic Lending
Office specified opposite its name on Schedule I hereto; if to any other Lender, at its Domestic
Lending Office specified in the Assumption Agreement or the Assignment and Acceptance pursuant to
which it became a Lender; and if to the Agent, at its address at Citibank, N.A., 1615 Brett
Rd, Bldg #3, New Castle, Delaware 19720, Attention: Bank Loan Syndications Department; or, as to
any Borrower or the Agent, at such other address as shall be designated by such party in a written
notice to the other parties and, as to each other party, at such other address as shall be
designated by such party in a written notice to the Borrowers and the Agent, provided, that
materials required to be delivered pursuant to Section 5.01(h)(i), (ii) or (iv) shall be delivered
to the Agent as specified in Section 9.02(c). All such notices and communications shall, when
mailed, sent by facsimile or e-mailed, be effective when deposited in the mails, sent by facsimile
or confirmed by e-mail, respectively, except that notices and communications to the Agent pursuant
to Article II, III or VIII shall not be effective until received by the Agent. Delivery by
facsimile or email of an executed counterpart of 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 a manually executed counterpart thereof.

     (b) Notwithstanding anything to the contrary contained in this Agreement or any Note, (i) any
notice to the Borrowers or to any one of them required under this Agreement or any such Note that
is delivered to the Company shall constitute effective notice to the Borrowers or to any such
Borrower, including the Company and (ii) any Notice of Borrowing or any notice of Conversion
delivered pursuant to Section 2.09 may be delivered by any Borrower or by the Company, on behalf of
any other Borrower. Each Designated Subsidiary hereby irrevocably appoints the Company as its
authorized agent to receive and deliver notices in accordance with this Section 9.02, and hereby
irrevocably agrees that (A) in the case of clause (i) of the immediately preceding sentence, the
failure of the Company to give any notice referred to therein to any such Designated Subsidiary to
which such notice applies shall not impair or affect the validity of such notice with respect
thereto and (B) in the case of clause (ii) of the immediately preceding sentence, the delivery of
any such notice by the Company, on behalf of any other Borrower, shall be binding on such other
Borrower to the same extent as if such notice had been executed and delivered directly by such
Borrower.

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     (c) So long as Citibank or any of its Affiliates is the Agent, materials required to be
delivered pursuant to Section 5.01(h)(i), (ii) and (iv) shall be delivered to the Agent in an
electronic medium in a format reasonably acceptable to the Agent and the Lenders by e-mail at
oploanswebadmin@citigroup.com. The Company agrees that the Agent may make such materials, as well
as any other written information, documents, instruments and other material relating to the
Company, any of its Subsidiaries or any other materials or matters relating to this Agreement, the
Notes or any of the transactions contemplated hereby (collectively, the “Communications”)
available to the Lenders by posting such notices on Intralinks or a substantially similar
electronic system (the “Platform”). The Company acknowledges that (i) the distribution of
material through an electronic medium is not necessarily secure and that there are confidentiality
and other risks associated with such distribution, (ii) the Platform is provided “as is” and “as
available” and (iii) neither the Agent nor any of its Affiliates warrants the accuracy, adequacy or
completeness of the Communications or the Platform and each expressly disclaims liability for
errors or omissions in the Communications or the Platform. No warranty of any kind, express,
implied or statutory, including, without limitation, any warranty of merchantability, fitness for a
particular purpose, non-infringement of third party rights or freedom from viruses or other code
defects, is made by the Agent or any of its Affiliates in connection with the Platform.

     (d) Each Lender agrees that notice to it (as provided in the next sentence) (a
“Notice”) specifying that any Communications have been posted to the Platform shall
constitute effective delivery of such information, documents or other materials to such Lender for
purposes of this Agreement; provided, that if requested by any Lender the Agent shall deliver a
copy of the Communications to such Lender by email or facsimile. Each Lender agrees (i) to notify
the Agent in writing of such Lender’s e-mail address to which a Notice may be sent by electronic
transmission (including by electronic communication) on or before the date such Lender becomes a
party to this Agreement (and from time to time thereafter to ensure that the Agent has on record an
effective e-mail address for such Lender) and (ii) that any Notice may be sent to such e-mail
address.

     Section 9.03. No Waiver; Remedies. No failure on the part of any Lender or the Agent
to exercise, and no delay in exercising, any right hereunder or under any Note 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 Borrowers agree to pay on demand all
reasonable, documented, out-of-pocket costs and expenses of only the Agent in connection with the
preparation, execution, delivery, administration, modification and amendment of this Agreement, the
Notes and the other documents to be delivered hereunder, including, without limitation, (A) all due
diligence, syndication (including printing, distribution and bank meetings), transportation,
computer, duplication, appraisal, consultant, and audit expenses and (B) the reasonable fees and
expenses of counsel for the Agent with respect thereto and with respect to advising the Agent as to
its rights and responsibilities under this Agreement. The Borrowers further agree to pay on demand
all reasonable and documented costs and expenses of the Agent and the Lenders, if any (including,
without limitation, reasonable counsel fees and expenses), in connection with the enforcement
(whether through negotiations, legal proceedings or otherwise) of this Agreement, the Notes and the
other documents to be delivered hereunder, including, without limitation, reasonable fees and
expenses of counsel for the Agent and each Lender in connection with the enforcement of rights
under this Section 9.04(a).

     (b) The Borrowers agree to indemnify and hold harmless the Agent and each Lender and each of
their Affiliates and their officers, directors, employees, agents and advisors (each, an
“Indemnified Party”) from and against any and all claims, damages, losses, liabilities and
expenses (including, without limitation, reasonable fees and expenses of counsel) incurred by or
awarded against

48

 

any Indemnified Party, in each case 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) (i) the Notes, this Agreement, any of the
transactions contemplated herein or the actual or proposed use of the proceeds of the Advances or
(ii) the actual or alleged presence of Hazardous Materials on any property of the Company or any of
its Subsidiaries or any Environmental Action relating in any way to the Company or any of its
Subsidiaries, except to the extent such claim, damage, loss, liability or expense is found in a
final, non-appealable judgment by a court of competent jurisdiction to have resulted from such
Indemnified Party’s gross negligence or willful misconduct. 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 Borrower, its directors, equityholders or creditors or an Indemnified Party or any other
Person, whether or not any Indemnified Party is otherwise a party thereto and whether or not the
transactions contemplated hereby are consummated. The Borrowers also agree not to assert any claim
for special, indirect, consequential or punitive damages against the Agent, any Lender, any of
their Affiliates, or any of their respective directors, officers, employees, attorneys and agents,
on any theory of liability, arising out of or otherwise relating to the Notes, this Agreement, any
of the transactions contemplated herein or the actual or proposed use of the proceeds of the
Advances.

     (c) If any payment of principal of, or Conversion of, any Eurodollar Rate Advance is made by
any Borrower to or for the account of a Lender (i) other than on the last day of the Interest
Period for such Advance, as a result of a payment or Conversion pursuant to Section 2.08, 2.10,
2.12 or 2.18, acceleration of the maturity of the Notes pursuant to Section 6.01 or for any other
reason, or by an Eligible Assignee to a Lender other than on the last day of the Interest Period
for such Advance upon an assignment of rights and obligations under this Agreement pursuant to
Section 9.07 as a result of a demand by the Company pursuant to Section 9.07(a) or (ii) as a result
of a payment or Conversion pursuant to Section 2.08, 2.10 or 2.12, the applicable Borrower shall,
upon demand by such Lender (with a copy of such demand to the Agent), pay to the Agent for the
account of such Lender any amounts required to compensate such Lender for any additional losses,
costs or expenses that it may reasonably incur as a result of such payment or Conversion,
including, without limitation, any loss, cost or expense incurred by reason of the liquidation or
reemployment of deposits or other funds acquired by any Lender to fund or maintain such Advance.

     (d) Without prejudice to the survival of any other agreement of any Borrower hereunder, the
agreements and obligations of the Borrowers contained in Sections 2.11, 2.14 and 9.04 shall survive
the payment in full of principal, interest and all other amounts payable hereunder and under the
Notes.

     Section 9.05. Right of Set-off. Upon either (a) the occurrence and during the
continuance of any Event of Default under Section 6.01(a) or 6.01(e) or (b) (i) the occurrence and
during the continuance of any other Event of Default and (ii) the making of the request or the
granting of the consent specified by Section 6.01 to authorize the Agent to declare the Advances
due and payable pursuant to the provisions of Section 6.01, each Lender and each of its Affiliates
is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to
set off and apply any and all deposits (general or special, time or demand, provisional or final)
at any time held and other indebtedness at any time owing by such Lender or such Affiliate to or
for the credit or the account of any Borrower against any and all of the obligations of the
Borrowers now or hereafter existing under this Agreement and the Note held by such Lender, whether
or not such Lender shall have made any demand under this Agreement or such Note and although such
obligations may be unmatured. Each Lender agrees promptly to notify the applicable Borrower after
any such set-off and application, provided, that the failure to give such notice shall not affect
the validity of such set-off and application. The rights of each Lender and its

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Affiliates under this Section are in addition to other rights and remedies (including, without
limitation, other rights of set-off) that such Lender and its Affiliates may have.

     Section 9.06. Binding Effect. This Agreement shall become effective (other than
Section 2.01, which shall only become effective upon satisfaction of the conditions precedent set
forth in Section 3.01) when it shall have been executed by the Company and the Agent and when the
Agent shall have been notified by each Initial Lender that such Initial Lender has executed it and
thereafter shall be binding upon and inure to the benefit of the Company, the Agent and each Lender
and their respective successors and assigns, except that no Borrower shall have the right to assign
its rights hereunder or any interest herein without the prior written consent of the Lenders.

     Section 9.07. Assignments and Participations. (a) Each Lender may and, if demanded
by the Company, provided that no Default or Event of Default has occurred and is continuing
(following a demand by such Lender pursuant to Section 2.11 or 2.14 or if such Lender is a
Defaulting Lender) and upon at least five Business Days’ notice to such Lender and the Agent, will
assign to one or more Persons all or a portion of its rights and obligations under this Agreement
(including, without limitation, all or a portion of its Revolving Credit Commitment, its undrawn
Letter of Credit Commitment, the Advances owing to it, its participations in Letters of Credit and
the Note or Notes held by it); provided, however, that (i) each such assignment shall be of a
constant, and not a varying, percentage of all rights and obligations under and in respect of one
or more of the Facilities, (ii) except in the case of an assignment to a Person that, immediately
prior to such assignment, was a Lender or an assignment of all of a Lender’s rights and obligations
under this Agreement, the amount of (x) the Revolving Credit Commitment of the assigning Lender
being assigned pursuant to each such assignment (determined as of the date of the Assignment and
Acceptance with respect to such assignment) shall in no event be less than $5,000,000 or an
integral multiple of $1,000,000 in excess thereof and (y) the undrawn Letter of Credit Commitment
of the assigning Lender being assigned pursuant to each such assignment (determined as of the date
of the applicable Assignment and Acceptance) shall in no event be less than $1,000,000, unless, in
each case, the Company and the Agent agree, (iii) each such assignment shall be to an Eligible
Assignee, (iv) each such assignment made as a result of a demand by the Company pursuant to this
Section 9.07(a) shall be arranged by the Company after consultation with the Agent and shall be
either an assignment of all of the rights and obligations of the assigning 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 Lender under this Agreement, (v) no Lender shall be obligated to make
any such assignment as a result of a demand by the Company pursuant to this Section 9.07(a) unless
and until such Lender shall have received one or more payments from either the Borrowers 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 Lender, together with accrued interest thereon to
the date of payment of such principal amount and all other amounts payable to such Lender under
this Agreement, and (vi) the parties to each such assignment shall execute and deliver to the
Agent, for its acceptance and recording in the Register, an Assignment and Acceptance, together
with any Note subject to such assignment and a processing and recordation fee of $3,500 payable by
the parties to each such assignment, provided, however, that in the case of each assignment made as
a result of a demand by the Company, such recordation fee shall be payable by the Company except
that no such recordation fee shall be payable in the case of an assignment made at the request of
the Company to an Eligible Assignee that is an existing Lender, and (vii) any Lender may, without
the approval of the Company and the Agent, assign all or a portion of its rights to any of its
Affiliates. Upon such execution, delivery, acceptance and recording, from and after the effective
date specified in each Assignment and Acceptance, (x) 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 Lender hereunder and (y)
the Lender assignor thereunder shall, to the extent that rights and obligations hereunder have been
assigned by it pursuant to such Assignment and Acceptance, relinquish its rights

50

 

(other than its rights under Section 2.11, 2.14 and 9.04 to the extent any claim thereunder
relates to an event arising prior such assignment) and be released from its obligations under this
Agreement (and, in the case of an Assignment and Acceptance covering all or the remaining portion
of an assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be
a party hereto).

     (b) By executing and delivering an Assignment and Acceptance, the Lender assignor thereunder
and the assignee thereunder confirm to and agree with each other and the other parties hereto as
follows: (i) other than as provided in such Assignment and Acceptance, such assigning Lender makes
no representation or warranty and assumes no responsibility with respect to any statements,
warranties or representations made in or in connection with this Agreement or the execution,
legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any
other instrument or document furnished pursuant hereto; (ii) such assigning Lender makes no
representation or warranty and assumes no responsibility with respect to the financial condition of
any Borrower or the performance or observance by any Borrower of any of its obligations under this
Agreement or any other instrument or document furnished pursuant hereto; (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 the Agent, such
assigning Lender or any other 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 the Agent to take such action as agent on its behalf and to
exercise such powers and discretion under this Agreement as are delegated to the Agent by the terms
hereof, together with such powers and discretion as are reasonably incidental thereto; and (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 Lender.

     (c) Upon its receipt of an Assignment and Acceptance executed by an assigning Lender and an
assignee representing that it is an Eligible Assignee, together with any Note or Notes subject to
such assignment, the 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 Company.

     (d) The Agent shall maintain at its address referred to in Section 9.02 a copy of each
Assumption Agreement and each Assignment and Acceptance delivered to and accepted by it and a
register for the recordation of the names and addresses of the Lenders and the Commitment of, and
principal amount of the Advances owing to, each 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 Borrowers, the Agent and the Lenders may treat each Person whose name is recorded in
the Register as a Lender hereunder for all purposes of this Agreement. The Register shall be
available for inspection by the Company or any Lender at any reasonable time and from time to time
upon reasonable prior notice.

     (e) Each Lender may sell participations to one or more banks or other entities (other than the
Company or any of its Affiliates) 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 (i) such Lender’s
obligations under this Agreement (including, without limitation, its Commitments to the Borrowers
hereunder) shall remain unchanged, (ii) such Lender shall remain solely responsible to the other
parties hereto for the performance of such obligations, (iii) such Lender shall remain the holder
of any such Note for all purposes of this Agreement, (iv) the Borrowers, the Agent and the other
Lenders shall continue to deal solely and directly with such Lender in connection with such
Lender’s rights and obligations under this Agreement and (v)

51

 

no participant under any such participation shall have any right to approve any amendment or
waiver of any provision of this Agreement or any Note, or any consent to any departure by any
Borrower therefrom, except to the extent that such amendment, waiver or consent would reduce the
principal of, or interest on, the Notes or any fees or other amounts payable hereunder, in each
case to the extent subject to such participation, or postpone any date fixed for any payment of
principal of, or interest on, the Notes or any fees or other amounts payable hereunder, in each
case to the extent subject to such participation.

     (f) Any 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 Company furnished to such Lender by or on
behalf of the Company; provided, 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 relating to the Company received by it from such Lender.

     (g) Notwithstanding any other provision set forth in this Agreement, any Lender may at any
time 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.

     (h) Designation. (i) Notwithstanding anything to the contrary contained herein, any
Lender (a “Designating Lender”) may grant to one or more special purpose funding vehicles
(each, an “SPV”), identified as such in writing from time to time by the Designating Lender
to the Agent and the Company, the option to provide to the Borrowers all or any part of any Advance
that such Designating Lender would otherwise be obligated to make to the Borrowers pursuant to this
Agreement; provided, that (A) nothing herein shall constitute a commitment by any SPV to make any
Advance, (B) if an SPV fails to provide all or any part of such Advance, the Designating Lender
shall be obligated to make such Advance pursuant to the terms hereof and (C) the Designating Lender
shall, at all times, remain liable for any indemnity or other payment obligation with respect to
its Commitment hereunder. The making of an Advance by an SPV hereunder shall utilize the
applicable Commitment of the Designating Lender to the same extent, and as if such Advance were
made by such Designating Lender

          (ii) As to any Advances or portion thereof made by it, each SPV shall have all the rights that
the Designating Lender making such Advances or portion thereof would have had under this Agreement;
provided, however, that each SPV shall have granted to its Designating Lender an irrevocable power
of attorney, to deliver and receive all communications and notices under this Agreement and to
exercise on such SPV’s behalf, all of such SPV’s voting rights under this Agreement. No additional
Notes shall be required to evidence the Advances or portion thereof made by an SPV; and the related
Designating Lender shall be deemed to hold its Note, if any, as agent for such SPV to the extent of
the Advances or portion thereof funded by such SPV. In addition, any payments for the account of
any SPV shall be paid to its Designating Lender as agent for such SPV.

          (iii) Each party hereto hereby agrees that no SPV shall be liable for any indemnity or payment
under this Agreement for which a Lender would otherwise be liable. In furtherance of the
foregoing, each party hereto hereby agrees (which agreements 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 indebtedness of any SPV, it will not institute
against, or join any other person in instituting against, such SPV any bankruptcy, reorganization,
arrangement, insolvency or liquidation proceedings under the laws of the United States or any State
thereof.

          (iv) In addition, notwithstanding anything to the contrary contained in this Section 9.07(h)
or otherwise in this Agreement, any SPV may (A) at any time and without paying any

52

 

processing fee therefor, assign or sell a participation in all or a portion of its interest in
any Advances to the Designating Lender or to any financial institutions providing liquidity and/or
credit support to or for the account of such SPV to support the funding or maintenance of Advances
and (B) disclose on a confidential basis any non public information relating to its Advances to any
rating agency, commercial paper dealer or provider of any surety, guarantee or credit or liquidity
enhancements to such SPV. This Section 9.07(h) may not be amended without the written consent of
any Designating Lender affected thereby.

     Section 9.08. Confidentiality. Neither the Agent nor any Lender shall disclose any
Confidential Information to any other Person without the written consent of the Company, other than
(a) to the Agent’s or such Lender’s Affiliates and their officers, directors, employees, agents and
advisors and, as contemplated by Section 9.07(f), 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 and (c) as requested or required by any state, federal or foreign authority or
examiner regulating banks or banking.

     Section 9.09. 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 9.10. 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 of an executed counterpart of a signature page to this Agreement by
telecopier shall be effective as delivery of a manually executed counterpart of this Agreement.

     Section 9.11. Jurisdiction, Etc. (a) Each of the parties hereto hereby irrevocably
and unconditionally submits, for itself and its property, to the exclusive 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 the Notes, 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 extent
permitted by law, in such federal court. Each Designated Subsidiary hereby agrees that service of
process in any such action or proceeding brought in the any such New York State court or in such
federal court may be made upon the Company at its address set forth in Section 9.02 and each such
Borrower hereby irrevocably appoints the Company its authorized agent to accept such service of
process, and agrees that the failure of the Company to give any notice of any such service shall
not impair or affect the validity of such service or of any judgment rendered in any action or
proceeding based thereon. The Company hereby further irrevocably consents to the service of
process in any action or proceeding in such courts by the mailing thereof by any parties hereto by
registered or certified mail, postage prepaid, to the Company at its address specified pursuant to
Section 9.02. 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 the Notes
in the courts of any jurisdiction.

     (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 the
Notes in any New York State or federal court. Each of the parties hereto hereby irrevocably
waives, to the fullest

53

 

extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court.

     Section 9.12. Designated Subsidiaries. (a) Designation. The Company may at
any time and from time to time by delivery to the Agent of a Designation Letter, duly executed by
the Company and a wholly owned Subsidiary organized within the United States and in substantially
the form of Exhibit E hereto, designate such Subsidiary as a “Designated
Subsidiary” for all purposes of this Agreement, and, upon fulfillment of the applicable
conditions set forth in Section 3.02 and after such Designation Letter is accepted by the Agent,
such Subsidiary shall thereupon become a Designated Subsidiary for all purposes of this Agreement
and, as such, shall have all of the rights and obligations of a Borrower hereunder. The Agent
shall promptly notify each Lender of each such designation by the Company and the identity of each
such Designated Subsidiary.

     (b) Termination. Upon the payment and performance in full of all of the indebtedness,
liabilities and obligations of any Designated Subsidiary under this Agreement and the Notes issued
by it, then, so long as at such time such Designated Subsidiary has not submitted a Notice of
Borrowing, such Designated Subsidiary’s status as a Borrower and as a Designated Subsidiary shall
terminate upon notice to such effect from the Agent to the Lenders (which notice the Agent shall
promptly deliver to the Lenders following its receipt of such a request from the Company).
Thereafter, the Lenders shall be under no further obligation to make any Advances to such
Designated Subsidiary.

     Section 9.13. No Liability of the Issuing Banks. The Borrowers assume all risks of
the acts or omissions of any beneficiary or transferee of any Letter of Credit with respect to its
use of such Letter of Credit. Neither an Issuing Bank nor any of its officers or directors shall
be liable or responsible for: (a) the use that may be made of any Letter of Credit or any acts or
omissions of any beneficiary or transferee in connection therewith; (b) the validity, sufficiency
or genuineness of documents, or of any endorsement thereon, even if such documents should prove to
be in any or all respects invalid, insufficient, fraudulent or forged; (c) payment by such Issuing
Bank against presentation of documents that do not comply with the terms of a Letter of Credit,
including failure of any documents to bear any reference or adequate reference to the Letter of
Credit; or (d) any other circumstances whatsoever in making or failing to make payment under any
Letter of Credit, except that the Borrowers shall have a claim against such Issuing Bank, and such
Issuing Bank shall be liable to the Borrowers, to the extent of any direct, but not consequential
damages suffered by a Borrower that such Borrower proves were caused by (i) such Issuing Bank’s
willful misconduct or gross negligence in determining whether documents presented under any Letter
of Credit comply with the terms of the Letter of Credit or (ii) such Issuing Bank’s willful failure
to make lawful payment under a Letter of Credit after the presentation to it of a draft and
certificates strictly complying with the terms and conditions of the Letter of Credit. In
furtherance and not in limitation of the foregoing, such Issuing Bank may accept documents that
appear on their face to be in order, without responsibility for further investigation.

     Section 9.14. Patriot Act. Each Lender hereby notifies each Borrower that pursuant to
the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26,
2001)) (the “Act”), it is required to obtain, verify and record information that identifies
each Loan Party, which information includes the name and address of each Loan Party and other
information that will allow such Lender to identify such Loan Party in accordance with the Act.

     Section 9.15. WAIVER OF JURY TRIAL. EACH OF THE BORROWERS, THE AGENT AND THE LENDERS
HEREBY 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 THIS AGREEMENT

54

 

OR THE NOTES OR THE ACTIONS OF THE AGENT OR ANY LENDER IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR
ENFORCEMENT THEREOF.

[The remainder of this page is intentionally left blank.]

55

 

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.

	 	 	 	 	 
	 	THE LUBRIZOL CORPORATION

 	 
	 	By:  	/s/ C. P. Cooley
 	 
	 	 	Name:  	Charles P. Cooley 	 
	 	 	Title:  	Senior Vice President and
Chief Financial Officer 	 
	 
	 	 	 
	 	By:  	                                            /s/ Brian A. Valentine
 	 
	 	 	Name:  	Brian A. Valentine 	 
	 	 	Title:  	Treasurer 	 
	 

[Credit Agreement Signature Page]

 

 

	 	 	 	 	 
	 	CITIBANK, N.A.

as Agent and Initial Lender

 	 
	 	By:  	/s/ S. A. Sweeney
 	 
	 	 	Name:  	Shannon A. Sweeney 	 
	 	 	Title:  	Vice President 	 
	 

[Credit Agreement Signature Page]

 

 

	 	 	 	 	 
	 	KEYBANK NATIONAL ASSOCIATION

as Initial Lender

 	 
	 	By:  	/s/ Brian P. Fox
 	 
	 	 	Name:  	Brian P. Fox 	 
	 	 	Title:  	Vice President 	 
	 

[Credit Agreement Signature Page]

 

 

	 	 	 	 	 
	 	The Royal Bank of Scotland plc

as Initial Lender

 	 
	 	By:  	/s/ Tyler McCarthy
 	 
	 	 	Name:  	Tyler McCarthy 	 
	 	 	Title:  	Director 	 
	 

[Credit Agreement Signature Page]

 

 

	 	 	 	 	 
	 	DEUTSCHE BANK AG NEW YORK BRANCH

as Initial Lender

 	 
	 	By:  	/s/ Frederick W. Laird
 	 
	 	 	Name:  	Frederick W. Laird 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	                                            /s/ Ming K. Chu
 	 
	 	 	Name:  	Ming K. Chu 	 
	 	 	Title:  	Vice President 	 
	 

[Credit Agreement Signature Page]

 

 

	 	 	 	 	 
	 	JPMorgan Chase Bank, N.A.

as Initial Lender

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

[Credit Agreement Signature Page]

 

 

	 	 	 	 	 
	 	PNC Bank, National Association

as Initial Lender

 	 
	 	By:  	/s/ Joseph G. Moran
 	 
	 	 	Name:  	Joseph G. Moran 	 
	 	 	Title:  	Senior Vice President 	 
	 

[Credit Agreement Signature Page]

 

 

	 	 	 	 	 
	 	The Bank of Tokyo-Mitsubishi UFJ, Ltd.

as Initial Lender

 	 
	 	By:  	/s/ Victor Pierzchalski
 	 
	 	 	Name:  	Victor Pierzchalski 	 
	 	 	Title:  	Authorized Signatory 	 
	 

[Credit Agreement Signature Page]

 

 

	 	 	 	 	 
	 	U. S. Bank, National Association

as Initial Lender

 	 
	 	By:  	/s/ Kenneth R. Fieler
 	 
	 	 	Name:  	Kenneth R. Fieler 	 
	 	 	Title:  	Assistant Vice President

U.S. Bank, N.A. 	 
	 

[Credit Agreement Signature Page]

 

 

	 	 	 	 	 
	 	Wells Fargo Bank, N.A.

as Initial Lender

 	 
	 	By:  	/s/ Steven M. Buehler
 	 
	 	 	Name:  	Steven M. Buehler 	 
	 	 	Title:  	Managing Director 	 
	 

[Credit Agreement Signature Page]

 

 

	 	 	 	 	 
	 	BNP Paribas

as Initial Lender

 	 
	 	By:  	/s/ Michael Pearce
 	 
	 	 	Name:  	Michael Pearce 	 
	 	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	                                            /s/ Fikret Durmus
 	 
	 	 	Name:  	Fikret Durmus 	 
	 	 	Title:  	Director 	 
	 

[Credit Agreement Signature Page]

 

 

	 	 	 	 	 
	 	Credit Agricole Corporate and Investment Bank

as Initial Lender

 	 
	 	By:  	/s/ Blake Wright
 	 
	 	 	Name:  	Blake Wright 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	                                            /s/ Joseph Philbin
 	 
	 	 	Name:  	Joseph Philbin 	 
	 	 	Title:  	Director 	 
	 

[Credit Agreement Signature Page]

 

 

	 	 	 	 	 
	 	Fifth Third Bank

as Initial Lender

 	 
	 	By:  	/s/ R. C. Lanctot
 	 
	 	 	Name:  	Roy C. Lanctot 	 
	 	 	Title:  	Vice President 	 
	 

[Credit Agreement Signature Page]

 

 

	 	 	 	 	 
	 	Mizuho Corporate Bank (USA)

as Initial Lender

 	 
	 	By:  	/s/ Leon Mo
 	 
	 	 	Name:  	Leon Mo 	 
	 	 	Title:  	Senior Vice President 	 
	 

[Credit Agreement Signature Page]

 

 

	 	 	 	 	 
	 	THE NORTHERN TRUST COMPANY

as Initial Lender

 	 
	 	By:  	/s/ Emily Gessner
 	 
	 	 	Name:  	Emily Gessner 	 
	 	 	Title:  	Second Vice President 	 
	 

[Credit Agreement Signature Page]

 

 

SCHEDULE I

TO THE CREDIT AGREEMENT

COMMITMENTS AND APPLICABLE LENDING OFFICES

	 	 	 	 	 	 	 	 	 	 	 
	Name of Initial	 	Revolving Credit	 	Letter of Credit	 	 	 	 
	Lender	 	Commitment	 	Commitment	 	Domestic Lending Office	 	Eurodollar Lending Office
	Citibank, N.A.

	 	$	55,000,000	 	 	 	 	1615 Brett Rd, Bldg #3

New Castle, DE 19720

Attn: Lisa M. Rodriguez

T: 302 894-6197 

F: 212 994-0961

global.loans.support@citi.com
	 	1615 Brett Rd, Bldg #3

New Castle, DE 19720

Attn: Lisa M. Rodriguez

T: 302 894-6197

F: 212 994-0961
global.loans.support@citi.com
	 
	 	 	 	 	 	 	 	 	 	 
	KeyBank National 

Association

	 	$	55,000,000	 	 	 	 	127 Public Square

Cleveland, OH 44121

Attn: Kathy Koenig

T: 216 689-4228

F: 216 370-6113

Kathy_Koenig@keybank.com
	 	127 Public Square

Cleveland, OH 44121

Attn: Elsa O’Brien

T: 216 689-0291

F: 216 689-0255

Elsa_O’Brien@keybank.com
	 
	 	 	 	 	 	 	 	 	 	 
	The Royal Bank of
Scotland plc

	 	$	45,000,000	 	 	 	 	600 Washington Boulevard

Stamford, CT 06901

Attn: Nagarajan Seshadri

T: 203 897-4431 

F: 203 873-5019 

Nagarajan.Seshadri@rbs.com
	 	600 Washington Boulevard

Stamford, CT 06901

Attn: Nagarajan Seshadri

T: 203 897-4431

F: 203 873-5019

Nagarajan.Seshadri@rbs.com
	 
	 	 	 	 	 	 	 	 	 	 
	Deutsche Bank AG 

New York Branch

	 	$	45,000,000	 	 	 	 	5022 Gate Parkway Suite 100

Jacksonville, FL 32256

Attn: Lee Joyner

T: 904 527-6438

F: 866-240-3622 

loan.admin-NY@db.com
	 	5022 Gate Parkway Suite 100

Jacksonville, FL 32256

Attn: Lee Joyner

T: 904 527-6438

F: 866-240-3622

loan.admin-NY@db.com

 

 

	 	 	 	 	 	 	 	 	 	 	 
	Name of Initial	 	Revolving Credit	 	Letter of Credit	 	 	 	 
	Lender	 	Commitment	 	Commitment	 	Domestic Lending Office	 	Eurodollar Lending Office
	JPMorgan Chase
Bank, N.A.

	 	$	45,000,000	 	 	 	 	10 South Dearborn, 7th Floor

Mail Suite IL 1-0364

Chicago, IL 60603

Attn: Jeremy P. Stank

T: 312-732-2013

F: 312-385-7097

Jeremy.p.stank@jpmchase.com
	 	10 South Dearborn, 7th Floor

Mail Suite IL 1-0364

Chicago, IL 60603

Attn: Jeremy P. Stank

T: 312-732-2013

F: 312-385-7097

Jeremy.p.stank@jpmchase.com
	 
	 	 	 	 	 	 	 	 	 	 
	PNC Bank, National 

Association

	 	$	35,000,000	 	 	 	 	6750 Miller Road

Breckville, OH 44141

Attn: Myra Ollison

T: 440 546-7434

myra.ollison@pnc.com
	 	6750 Miller Road

Breckville, OH 44141

Attn: Myra Ollison

T: 440 546-7434

myra.ollison@pnc.com
	 
	 	 	 	 	 	 	 	 	 	 
	The Bank of
Tokyo-Mitsubishi
UFJ, Ltd.

	 	$	35,000,000	 	 	 	 	BTMU Operations Office for the Americas

1251 Avenue of the Americas, 12th Floor

New York, NY 10020-1104

Attn: Janet Persaud

T: 201-413-8948

F: 201-521-2304
	 	BTMU Operations Office for the Americas

1251 Avenue of the Americas, 12th Floor

New York, NY 10020-1104

Attn: Janet Persaud

T: 201-413-8948

F: 201-521-2304
	 
	 	 	 	 	 	 	 	 	 	 
	U.S. Bank National
Association

	 	$	35,000,000	 	 	 	 	US Bank Tower

425 Walnut Street, 8th Floor

Cincinnati, OH 45202

Attn: Ken Fieler

T: 513-632-3120 

F: 513-632-2068 

Kenneth.Fieler@USBank.com
	 	US Bank Tower

425 Walnut Street, 8th Floor

Cincinnati, OH 45202

Attn: Ken Fieler

T: 513-632-3120

F: 513-632-2068

Kenneth.Fieler@USBank.com

 

 

	 	 	 	 	 	 	 	 	 	 	 
	Name of Initial	 	Revolving Credit	 	Letter of Credit	 	 	 	 
	Lender	 	Commitment	 	Commitment	 	Domestic Lending Office	 	Eurodollar Lending Office
	Wells Fargo Bank, 

National 

Association

	 	$	35,000,000	 	 	 	 	1700 Broadway

MAC C7300-034

Denver, CO 80217

Attn: Tanya Ivie

T: 302 863-6102

F : 302 863-2729

Tanya.R.Ivie@wellsfargo.com
	 	1700 Broadway

MAC C7300-034

Denver, CO 80217

Attn: Tanya Ivie

T: 302 863-6102

F : 302 863-2729

Tanya.R.Ivie@wellsfargo.com
	 
	 	 	 	 	 	 	 	 	 	 
	BNP Paribas

	 	$	23,000,000	 	 	 	 	209 South LaSalle

Suite 500

Chicago, IL 60604

Attn: Elizabeth de la Chvrotiere

T: 514-285-6041

F: 201-850-4019

Elisabeth.delachevrotiere@

americas.bnpparibas.com
	 	209 South LaSalle

Suite 500

Chicago, IL 60604

Attn: Elizabeth de la Chvrotiere

T: 514-285-6041

F: 201-850-4019

Elisabeth.delachevrotiere@

americas.bnpparibas.com
	 
	 	 	 	 	 	 	 	 	 	 
	Credit Agricole
Corporation and
Investment Bank

	 	$	23,000,000	 	 	 	 	1301 Avenue of the Americas

New York, NY 10019

Attn: Jaikissoon Sanichar

T: 732-590-7500

F: 917-849-5580

jaikissoon.sinichar@ca-cib.com
	 	1301 Avenue of the Americas

New York, NY 10019

Attn: Jaikissoon Sanichar

T: 732-590-7500

F: 917-849-5580

jaikissoon.sinichar@ca-cib.com
	 
	 	 	 	 	 	 	 	 	 	 
	Fifth Third Bank

	 	$	23,000,000	 	 	 	 	38 Fountain Square Plaza

Cincinnati, OH 45236

Attn: Eric Bodenmiller

T: 513-358-9968

F: 513-358-3444

eric.bodenmiller@43.com
	 	38 Fountain Square Plaza

Cincinnati, OH 45236

Attn: Eric Bodenmiller

T: 513-358-9968

F: 513-358-3444

eric.bodenmiller@43.com

 

 

	 	 	 	 	 	 	 	 	 	 	 
	Name of Initial	 	Revolving Credit	 	Letter of Credit	 	 	 	 
	Lender	 	Commitment	 	Commitment	 	Domestic Lending Office	 	Eurodollar Lending Office
	Mizuho Corporate 

Bank (USA)

	 	$	23,000,000	 	 	 	 	1251 Avenue of the Americas

New York, NY 10020

Attn: Hyunsook Hwang

T: 201 626-9416 

F: 201 626-9913

hyunsook.hwang@mizubocbus.com
	 	1251 Avenue of the Americas

New York, NY 10020

Attn: Hyunsook Hwang

T: 201 626-9416

F: 201 626-9913

hyunsook.hwang@mizubocbus.com
	The Northern Trust 

Company

	 	$	23,000,000	 	 	 	 	50 S. LaSalle Street

Chicago, IL 60675

Attn: Sharon Jackson

T: 312-630-1609

P: 312-630-1566
	 	50 S. LaSalle Street

Chicago, IL 60675

Attn: Sharon Jackson

T: 312-630-1609

P: 312-630-1566

 

 

Schedule 2.01(b)

Letters of Credit

None.

 

 

Schedule 3.01(b)

Litigation

None.

 

 

Schedule 5.02(a)

Liens

None.

 

 

EXHIBIT A

FORM OF NOTE

NOTE

	 	 	 

	U.S.$                                        

	 	Dated:                                         , 201_

     FOR VALUE RECEIVED, the undersigned, [NAME OF BORROWER], a                                         
corporation (the “Borrower”), HEREBY PROMISES TO PAY to                                          (the
“Lender”) for the account of its Applicable Lending Office on the Termination Date (each as
defined in the Credit Agreement referred to below) the principal sum of U.S.$[amount of the
Lender’s Revolving Credit Commitment in figures] or, if less, the aggregate principal amount of the
Advances (as defined below) made by the Lender to the Borrower pursuant to the Credit Agreement
dated as of July 19, 2010 among the Borrower, The Lubrizol Corporation, the Lender and certain
other lenders parties thereto, and Citibank, N.A., as Agent for the Lender and such other lenders
(as amended or modified from time to time, the “Credit Agreement”; the terms defined
therein being used herein as therein defined) outstanding on the Termination Date.

     The Borrower promises to pay interest on the unpaid principal amount of each Advance from the
date of such Advance until such principal amount is paid in full, at such interest rates, and
payable at such times, as are specified in the Credit Agreement.

     Both principal and interest in respect of each Advance are payable in lawful money of the
United States of America to the Agent at its account maintained at Citibank, N.A., 1615 Brett Rd,
Bldg #3, New Castle, Delaware 19720, in same day funds. Each Advance owing to the Lender by the
Borrower pursuant to the Credit Agreement, and all payments made on account of principal thereof,
shall be recorded by the Lender and, prior to any transfer hereof, endorsed on the grid attached
hereto which is part of this Note.

     This Note is one of the Notes referred to in, and is entitled to the benefits of, the Credit
Agreement. The Credit Agreement, among other things, (i) provides for the making of advances (the
“Advances”) by the Lender to the Borrower from time to time in an aggregate amount not to
exceed at any time outstanding the U.S. dollar amount first above mentioned, the indebtedness of
the Borrower resulting from each such Advance being evidenced by this Note and (ii) contains
provisions for acceleration of the maturity hereof upon the happening of certain stated events and
also for prepayments on account of principal hereof prior to the maturity hereof upon the terms and
conditions therein specified.

	 	 	 	 	 
	 	[NAME OF BORROWER]

 	 
	 	By  	 	 
	 	 	Title: 	 
	 	 	 	 

 

 

	 	 	 	 	 

ADVANCES AND PAYMENTS OF PRINCIPAL

	 	 	 	 	 	 	 	 	 
	 	 	 	 	Amount of	 	 	 	 
	 	 	Amount of	 	Principal Paid	 	Unpaid Principal	 	Notation
	Date	 	Advance	 	or Prepaid	 	Balance	 	Made By
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 	 
	 	 

 

 

EXHIBIT B — FORM OF NOTICE OF
BORROWING

Citibank, N.A., as Agent

for the Lenders parties

to the Credit Agreement

referred to below

Two Penns Way

New Castle, Delaware 19720

[Date]

Attention: Bank Loan Syndications Department

Ladies and Gentlemen:

          The undersigned, [Name of Borrower], refers to the Credit Agreement, dated as of July 19, 2010
(as amended or modified from time to time, the “Credit Agreement”, the terms defined
therein being used herein as therein defined), among the undersigned, The Lubrizol Corporation,
certain Lenders parties thereto and Citibank, N.A., as Agent for said Lenders, and hereby gives you
notice, irrevocably, pursuant to Section 2.02 of the Credit Agreement that the undersigned hereby
requests a Borrowing under the Credit Agreement, and in that connection sets forth below the
information relating to such Borrowing (the “Proposed Borrowing”) as required by Section
2.02(a) of the Credit Agreement:

     (i)
The Business Day of the Proposed Borrowing is                     , 201        .

     (ii) The Proposed Borrowing is to be made under the Revolving Credit
Facility.

     (iii) The Type of Advances comprising the Proposed Borrowing is
[Base Rate Advances] [Eurodollar Rate Advances].

     (iv) The aggregate amount of the Proposed Borrowing is $                    ].

     [(v) The initial Interest Period for each Eurodollar Rate Advance made as part of the
Proposed Borrowing is ___month[s].]

          The undersigned hereby certifies that the following statements are true on the date hereof,
and will be true on the date of the Proposed Borrowing:

     (A) the representations and warranties contained in Section 4.01 of the Credit
Agreement (except the representations set forth in the last sentence of subsection (e) and
subsection (f) thereof) (and, if the undersigned is a Designated Subsidiary, in the
applicable Designation Letter) are correct, before and after giving effect to the Proposed
Borrowing and to the application of the proceeds therefrom, as though made on and as of such
date except to the extent that such representations and warranties expressly relate to an
earlier specified date; and

 

 

     (B) no event has occurred and is continuing, or would result from such Proposed
Borrowing or from the application of the proceeds therefrom, that constitutes a Default.

	 	 	 	 	 
	 	Very truly yours,

[NAME OF BORROWER]

 	 
	 	By  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

 

 

EXHIBIT C — FORM OF

ASSIGNMENT AND ACCEPTANCE

          Reference is made to the Credit Agreement dated as of July 19, 2010 (as amended or modified
from time to time, the “Credit Agreement”) among The Lubrizol Corporation, an Ohio
corporation (the “Company”), the Lenders (as defined in the Credit Agreement) and Citibank,
N.A., as agent for the Lenders (the “Agent”). Terms defined in the Credit Agreement are
used herein with the same meaning.

          The “Assignor” and the “Assignee” referred to on Schedule I hereto agree as follows:

          1. The Assignor hereby sells and assigns to the Assignee, without recourse, and the Assignee
hereby purchases and assumes from the Assignor, an interest in and to the Assignor’s rights and
obligations under the Credit Agreement, Facility or Facilities on Schedule I hereto
together with, in the case of an assignment of a Revolving Credit Commitment, participations in
Letters of Credit held by the Assignor on the date hereof. After giving effect to such sale and
assignment, the Assignee’s Commitment and the amount of the Advances owing to the Assignee will be
as set forth on Schedule I hereto.

          2. The Assignor (i) represents and warrants that it is the legal and beneficial owner of the
interest being assigned by it hereunder and that such interest is free and clear of any adverse
claim; (ii) makes no representation or warranty and assumes no responsibility with respect to any
statements, warranties or representations made in or in connection with the Credit Agreement or the
execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit
Agreement or any other instrument or document furnished pursuant thereto; (iii) makes no
representation or warranty and assumes no responsibility with respect to the financial condition of
any Borrower or the performance or observance by any Borrower of any of its obligations under the
Credit Agreement or any other instrument or document furnished pursuant thereto; and (iv) attaches
the Note[, if any,] held by the Assignor [and requests that the Agent exchange such Note for a new
Note payable to [the Assignee in an amount equal to the Commitments assumed by the Assignee
pursuant hereto or new Notes payable to the Assignee in an amount equal to the Commitments assumed
by the Assignee pursuant hereto and] the Assignor in an amount equal to the Commitments retained by
the Assignor under the Credit Agreement[, respectively,] as specified on Schedule I
hereto].

          3. The Assignee (i) confirms that it has received a copy of the Credit Agreement, together
with copies of the financial statements referred to in Section 4.01 thereof and such other
documents and information as it has deemed appropriate to make its own credit analysis and decision
to enter into this Assignment and Acceptance; (ii) agrees that it will, independently and without
reliance upon the Agent, the Assignor or any other 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 the Credit Agreement; (iii) confirms that it is an Eligible
Assignee; (iv) appoints and authorizes the Agent to take such action as agent on its behalf and to
exercise such powers and discretion under the Credit Agreement as are delegated to the Agent by the
terms thereof, together with such powers and discretion as are reasonably incidental thereto; (v)
agrees that it will perform in accordance with their terms all of the obligations that by the terms
of the Credit Agreement are required to be performed by it as a Lender; and (vi) attaches any U.S.
Internal Revenue Service forms required under Section 2.14 of the Credit Agreement.

          4. Following the execution of this Assignment and Acceptance, it will be delivered to the
Agent for acceptance and recording by the Agent. The effective date for this Assignment and

 

 

Acceptance (the “Effective Date”) shall be the date of acceptance hereof by the Agent,
unless otherwise specified on Schedule I hereto.

          5. Upon such acceptance and recording by the Agent, as of the Effective Date, (i) the Assignee
shall be a party to the Credit Agreement and, to the extent provided in this Assignment and
Acceptance, have the rights and obligations of a Lender thereunder and (ii) the Assignor shall, to
the extent provided in this Assignment and Acceptance, relinquish its rights and be released from
its obligations under the Credit Agreement.

          6. Upon such acceptance and recording by the Agent, from and after the Effective Date, the
Agent shall make all payments under the Credit Agreement and the Notes in respect of the interest
assigned hereby (including, without limitation, all payments of principal, interest and facility
fees with respect thereto) to the Assignee. The Assignor and Assignee shall make all appropriate
adjustments in payments under the Credit Agreement and the Notes for periods prior to the Effective
Date directly between themselves.

          7. This Assignment and Acceptance shall be governed by, and construed in accordance with, the
laws of the State of New York.

          8. This Assignment and Acceptance 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 of an executed counterpart of Schedule I to this Assignment and Acceptance by
email or facsimile shall be effective as delivery of a manually executed counterpart of this
Assignment and Acceptance.

          IN WITNESS WHEREOF, the Assignor and the Assignee have caused Schedule I to this
Assignment and Acceptance to be executed by their officers thereunto duly authorized as of the date
specified thereon.

 

 

Schedule I

to

Assignment and Acceptance

	 	 	 	 	 	 	 	 
	Revolving Credit Facility
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	Percentage interest assigned:
	 	 	 	 	 	                    	%
	 
	 	 	 	 	 	 	 
	Assignee’s Revolving Credit Commitment:
	 	 	 	 	$	                    	 
	 
	 	 	 	 	 	 	 
	Aggregate outstanding principal amount of Advances assigned:
	 	 	 	 	$	                    	 
	 
	 	 	 	 	 	 	 
	Principal amount of Note payable to Assignee:
	 	 	$	                    	 	 	 
	 
	 	 	 	 	 	 	 
	Principal amount of Note payable to Assignor:
	 	 	$	                    	 	 	 
	 
	 	 	 	 	 	 	 
	Letter of Credit Facility
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	Percentage interest assigned:
	 	 	 	 	 	                    	%
	 
	 	 	 	 	 	 	 
	Assignee’s Letter of Credit Commitment:
	 	 	 	 	$	                    	 
	 
	 	 	 	 	 	 	 
	Effective Date*:                    , 201_
	 	 	 	 	 	 	 

 

			
	*	 	This date should be no earlier than five
Business Days after the delivery of this Assignment and Acceptance to the
Agent.

 

 

	 	 	 	 	 
	 	[NAME OF ASSIGNOR], as Assignor

 	 
	 	By  	 	 
	 	 	Title: 	 
	 	 	 	 
	 	Dated:                                 , 201_

 	 
	 	[NAME OF ASSIGNEE], as Assignee

 	 
	 	By  	 	 
	 	 	Title: 	 
	 	 	 	 
	 	Dated:                                 , 201_

 	 
	 	Domestic Lending Office:

            [Address]

Eurodollar Lending Office:

            [Address]

 	 
	 	 	 

	 	 	 	 	 
	Accepted [and Approved]** this

                     day of                             , 201_

CITIBANK, N.A., as Agent

 	 
	By  	
 	 
	 	Title: 	 
	 
	[Approved this                      day

of                             , 201___

THE LUBRIZOL CORPORATION

 	 
	By  	
 	]* 
	 	Title: 	 
	 	 	 	 
	 

 

			
	**	 	Required if the Assignee is an Eligible
Assignee solely by reason of clause (iii) of the definition of “Eligible
Assignee”.
	 
	*	 	Required if the Assignee is an Eligible
Assignee solely by reason of clause (iii) of the definition of “Eligible
Assignee”.

 

 

EXHIBIT D

FORM OF OPINION OF COUNSEL FOR THE BORROWER

[Effective Date]

To each of the Lenders parties

   to the Credit Agreement

   referred to below and

   to Citibank, N.A., as Agent

The Lubrizol Corporation

Ladies and Gentlemen:

          This opinion is furnished to you pursuant to Section 3.01(h)(v) of the Credit Agreement, dated
as of July 19, 2010 (the “Credit Agreement”), among The Lubrizol Corporation (the
“Company”), the Lenders parties thereto and Citibank, N.A., as Agent for said Lenders.
Terms defined in the Credit Agreement are used herein as therein defined.

          I am Vice President and General Counsel for the Company in connection with the preparation,
execution and delivery of the Loan Documents.

          In that connection, I have examined:

     (1) The Credit Agreement.

     (2) The documents furnished by each Loan Party pursuant to Section 3.01 of the Credit
Agreement.

     (3) The Amended Articles of Incorporation and all amendments thereto (the
“Articles”) of each Loan Party.

     (4) The Regulations or By-Laws of each Loan Party and all amendments thereto.

     (5) A certificate of the Secretary of State of Ohio, dated July___, 2010, attesting to
the continued corporate existence and good standing of the Company in that State.

I have also examined the originals, or copies certified to my satisfaction, of the documents listed
in a certificate of the chief financial officer of the Company, dated the date hereof (the
“Certificate”), certifying that the documents listed in such certificate are all of the
indentures, loan or credit agreements, leases, guaranties, mortgages, security agreements, bonds,
notes and other agreements or instruments, and all of the orders, writs, judgments, awards,
injunctions and decrees, that affect or purport to affect the Company’s right to borrow money or
the Company’s obligations under the Loan Documents. In addition, I have examined the originals, or
copies certified to my satisfaction, of such other corporate records of the Company, certificates
of public officials and of officers of the Company, and agreements, instruments and

 

 

other documents, as I have deemed necessary as a basis for the opinions expressed below. As to
questions of fact material to such opinions, I have, when relevant facts were not independently
established by me, relied upon certificates of the Company or its officers or of public officials.
I have assumed the due execution and delivery, pursuant to due authorization, of the Credit
Agreement by the Initial Lenders and the Agent.

          My opinions expressed below are limited to the law of the State of Ohio, and the Federal law
of the United States.

          Based upon the foregoing, subject to the qualifications set forth below and upon such
investigation as I have deemed necessary, I am of the following opinion:

     1. The Company is an entity duly organized, validly existing and in good standing under
the laws of the jurisdiction of its formation.

     2. The execution, delivery and performance by the Company of the Loan Documents to
which it is a party, and the consummation of the transactions contemplated thereby, are
within the Company’s corporate powers, have been duly authorized by all necessary corporate
action, and do not contravene (i) the Articles or the Regulations of the Company or (ii) any
law, rule or regulation applicable to the Company (including, without limitation, Regulation
X of the Board of Governors of the Federal Reserve System) or (iii) any contractual or legal
restriction contained in any document listed in the Certificate or, to the best of my
knowledge, contained in any other similar document. Each Loan Document has been duly
executed and delivered on behalf of the Company.

     3. No authorization, approval or other action by, and no notice to or filing with, any
governmental authority or regulatory body or any other third party is required for the due
execution, delivery and performance by the Company of any Loan Document to which it is a
party.

     4. To the best of my knowledge, there are no pending or overtly threatened actions or
proceedings against the Company or any of its Subsidiaries before any court, governmental
agency or arbitrator that purport to affect the legality, validity, binding effect or
enforceability of any Loan Document or the consummation of the transactions contemplated
thereby or, except as described in Schedule 3.01(b) to the Credit Agreement, that are likely
to have a materially adverse effect upon the financial condition or operations of the
Company or any of its Subsidiaries.

     5. Courts of the State of Ohio and Federal courts sitting in the State of Ohio will
respect a contractual choice of law made in a contract, such as Section 9.09 of the Credit
Agreement, and will apply the laws of the chosen state, unless either the chosen state has
no substantial relationship to the parties or the transaction and there is no reasonable
basis for the parties’ choice, or application of the laws of the chosen state would be
contrary to the fundamental policy of a state having a greater material interest in the
issue than the chosen state and such state would be the state of applicable law in the
absence of a choice by the parties. Under this test, although I find no authority in point
and cannot opine definitely, I believe on a reasoned basis, that in any action or proceeding
arising out of or relating to the Credit Agreement or the Notes in any court of the State of
Ohio or in any Federal court sitting in the State of Ohio, such court would recognize and
give effect to the provisions of Section 9.09 of the Credit Agreement wherein the parties
thereto agree that the Credit Agreement and the Notes shall be governed by, and construed in
accordance with, the laws of the State of New York. Without

 

 

limiting the generality of the foregoing and on the same reasoned basis, I believe that
a court of the State of Ohio or a Federal court sitting in the State of Ohio would apply the
usury law of the State of New York, and would not apply the usury law of the State of Ohio,
to the Credit Agreement and the Notes. However, if a court of the State of Ohio or a
Federal court sitting in the State of Ohio were to hold that the Credit Agreement and the
Notes are governed by, and to be construed in accordance with, the laws of the State of
Ohio, the Credit Agreement and the Notes would be, under the laws of the State of Ohio,
legal, valid and binding obligations of the Company, enforceable against the Company in
accordance with their respective terms.

     The opinions set forth above are subject to the following qualifications:

     (a) My opinion in the last sentence of paragraph 5 above as to enforceability is
subject to the effect of any applicable bankruptcy, insolvency (including, without
limitation, all laws relating to fraudulent transfers), reorganization, moratorium or
similar law affecting creditors’ rights generally.

     (b) My opinion in the last sentence of paragraph 5 above as to enforceability is
subject to the effect of general principles of equity, including, without limitation,
concepts of materiality, reasonableness, good faith and fair dealing (regardless of whether
considered in a proceeding in equity or at law).

     (c) I express no opinion as to (i) Section 2.15 of the Credit Agreement insofar as it
provides that any Lender purchasing a participation from another Lender pursuant thereto may
exercise set-off or similar rights with respect to such participation and (ii) the effect of
the law of any jurisdiction other than the State of Ohio wherein any Lender may be located
or wherein enforcement of the Credit Agreement or the Notes may be sought that limits the
rates of interest legally chargeable or collectible.

     (d) My opinion in paragraph 3 above is not intended to cover consents, approvals or
filings that might be required as a result of the ordinary course of conduct by any Loan
Party of its businesses and operations.

     (e) The opinions expressed herein are as of the date of this opinion letter only and as
to the laws covered hereby only as they are in effect on that date and I assume no
obligation to update or supplement such opinions to reflect any facts or circumstances that
may come to my attention after that date or any changes in law that may occur or become
effective after that date.

     This opinion is solely for your benefit and for the benefit of your successors and
assigns in connection with the transactions contemplated by the Loan Documents and is not to
be given to or relied on by any other person or entity or for any other purpose without my
prior written consent.

	 	 	 	 	 
	 	Very truly yours,

 	 
	 	
 	 
	 	JOSEPH W. BAUER 	 
	 	Vice President and General Counsel for

The Lubrizol Corporation 	 

 

 

	 	 	 	 	 

EXHIBIT E

FORM OF DESIGNATION LETTER

[Date]

To each of the Lenders parties

   to the Credit Agreement

   referred to below and

   to Citibank, N.A., as Agent

Ladies and Gentlemen:

          Reference is made to the Credit Agreement, dated as of July ___, 2010 (the “Credit
Agreement”), among The Lubrizol Corporation (the “Company”), the Lenders parties
thereto and Citibank, N.A., as Agent for said Lenders. Terms defined in the Credit Agreement are
used herein as therein defined.

          Please be advised that the Company hereby designates the undersigned wholly owned Subsidiary
organized within the United States,                     , a                      (the “Designated
Subsidiary”), as a “Designated Subsidiary” and a “Borrower” under and for all purposes of the
Credit Agreement.

          The Designated Subsidiary, in consideration of the agreement of each Lender to extend credit
to it from time to time under, and on the terms and conditions set forth in, the Credit Agreement
does hereby assume each of the obligations imposed upon a Designated Subsidiary and a Borrower
under the Credit Agreement and agrees to be bound by all of the terms and conditions of the Credit
Agreement. The Designated Subsidiary has, on the date hereof, delivered to the Agent a properly
completed and duly executed Note, in substantially the form of Exhibit A to the Credit Agreement,
payable to each Lender that has made a request pursuant to Section 2.16 of the Credit Agreement.

          In furtherance of the foregoing, the Designated Subsidiary hereby represents and warrants to
the Agent and each of the Lenders as follows:

     1. The Designated Subsidiary is a Person duly organized, validly existing and, to the
extent such concept is applicable in the jurisdiction of organization of the Designated
Subsidiary, in good standing under the laws of                     .

     2. The execution, delivery and performance by the Designated Subsidiary of this
Designation Letter, the Credit Agreement and the Notes issued by the Designated Subsidiary
and the consummation of the transactions contemplated hereby and thereby, are within the
Designated Subsidiary’s powers, have been duly authorized by all necessary action
(including, without limitation, all necessary stockholders’ action), and do not contravene
(a) the Designated Subsidiary’s charter or by-laws (or similar organizational documents) or
(b) law or any contractual restriction binding on or affecting the Designated Subsidiary.

     3. No authorization or approval or other action by, and no notice to or filing with,
any governmental authority or regulatory body or any other third party is required for the
due execution, delivery and performance by the Designated Subsidiary of this Designation
Letter, the Credit Agreement or any of the Notes issued by the Designated Subsidiary, or for
the

 

 

consummation of the transactions contemplated hereby and thereby, except as have been
obtained or made and are in full force and effect.

     4. This Designation Letter has been, and each of the Notes issued by the Designated
Subsidiary when executed and delivered under the Credit Agreement will have been, duly
executed and delivered by the Designated Subsidiary. Each of this Designation Letter and
the Credit Agreement is, and each of the Notes issued by the Designated Subsidiary when
delivered under the Credit Agreement will be, the legal, valid and binding obligation of the
Designated Subsidiary, enforceable against the Designated Subsidiary in accordance with
their respective terms, except to the extent that the enforceability thereof may be limited
by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws
generally affecting creditors’ rights and by equitable principles (regardless of whether
enforcement is sought in equity or law).

     5. There is no pending or, to the knowledge of the Designated Subsidiary, threatened
action, suit, investigation, litigation or proceeding, including, without limitation, any
Environmental Action, affecting the Designated Subsidiary or any of its Subsidiaries before
any court, governmental agency or arbitrator that (i) could reasonably be expected to have a
Material Adverse Effect or (ii) purports to affect the legality, validity or enforceability
of this Designation Letter, the Credit Agreement or any of the Notes issued by the
Designated Subsidiary, or the consummation of the transactions contemplated hereby and
thereby.

     6. The Designated Subsidiary is not engaged in the business of extending credit for the
purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the
Board of Governors of the Federal Reserve System), and no proceeds of any Advance to the
Designated Subsidiary will be used to purchase or carry any margin stock or to extend credit
to others for the purpose of purchasing or carrying margin stock

          The Designated Subsidiary hereby irrevocably appoints the Company as its authorized agent to
receive and deliver notices in accordance with Section 9.02 of the Credit Agreement, and hereby
irrevocably agrees that (A) in the case of any notices delivered to the Company, on behalf of the
Designated Subsidiary, in accordance with Section 9.02(b) of the Credit Agreement, the failure of
the Company to give any notice referred to therein to the Designated Subsidiary shall not impair or
affect the validity of such notice with respect thereto and (B) in the case of Notice of Borrowing
or notice of Conversion delivered pursuant to Section 2.09 of the Credit Agreement by the Company,
on behalf of the Designated Subsidiary, in accordance with Section 9.02(b) of the Credit Agreement,
the delivery of any such notice by the Company, on behalf of the Designated Subsidiary, shall be
binding on the Designated Subsidiary to the same extent as if such notice had been executed and
delivered directly by the Designated Subsidiary.

          The Designated Subsidiary hereby irrevocably and unconditionally submits, for itself and its
property, to the exclusive 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 Designation Letter, the Credit Agreement or any of
the Notes issued by the Designated Subsidiary or for recognition or enforcement of any judgment,
and 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 extent permitted
by applicable law, in such federal court. The Designated Subsidiary hereby further irrevocably
consents to the service of process in any action or proceeding in such courts by the mailing
thereof by any Lender or the Agent by registered or certified mail, postage prepaid, to it at its
address specified below its name on the signature page hereto. The Designated Subsidiary hereby
further agrees that service of process in any such action

 

 

or proceeding brought in any such New York State court or in any such federal court may be
made upon the Company at the address referred to in Section 9.02 of the Credit Agreement, and the
Designated Subsidiary hereby irrevocably appoints the Company as its authorized agent to accept
such service of process, and agrees that the failure of the Company to give any notice of any such
service to it shall not impair or affect the validity of such service or of any judgment rendered
in any action or proceeding based thereon. The Designated Subsidiary 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 applicable law. Nothing in this
Designation Letter, the Credit Agreement or any of the Notes issued by the Designated Subsidiary
shall affect any right that any party may otherwise have to serve legal process in any other manner
permitted by applicable law or to bring any action or proceeding relating to this Designation
Letter, the Credit Agreement or any such Note in the courts of any jurisdiction.

          The Designated Subsidiary 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 Designation Letter, the
Credit Agreement or any of the Notes issued by it in any New York state or federal court. The
Designated Subsidiary hereby irrevocably waives, to the fullest extent permitted by applicable law,
the defense of an inconvenient forum to the maintenance of such action or proceeding in any such
court.

          To the extent that the Designated Subsidiary has or hereafter may acquire any immunity from
jurisdiction of any court or from any legal process (whether through service or notice, attachment
prior to judgment, attachment in aid of execution, execution or otherwise) with respect to itself
or its property, the Designated Subsidiary hereby irrevocably waives such immunity in respect of
its obligations under this Designation Letter, the Credit Agreement or any of the Notes issued by
it.

          The Designated Subsidiary hereby 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 this Designation Letter, the Credit Agreement or any of the Notes issued by it or the
actions of the Agent or any Lender in the negotiation, administration, performance or enforcement
thereof.

	 	 	 	 	 
	 	Very truly yours,

THE LUBRIZOL CORPORATION

 	 
	 	By  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 
	 	[THE DESIGNATED SUBSIDIARY]

 	 
	 	By  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	Address:
 	 

	 	 	 	 	 
	Acknowledged and Agreed to

   as of the date first above written:

CITIBANK, N.A., as Agent

 	 
	By  	 	 
	 	Name:  	 	 
	 	Title:

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