Document:

exv4w3

 

Exhibit 4.3

GATX FINANCIAL CORPORATION

5.8% Senior Notes Due 2016

REGISTRATION RIGHTS AGREEMENT

New York, New York

March 3, 2006

Citigroup Global Markets Inc.

Banc of America Securities LLC

c/o Citigroup Global Markets Inc.

388 Greenwich Street

New York, New York 10013

Ladies and Gentlemen:

     GATX Financial Corporation, a Delaware corporation (the “Company”), proposes to issue
and sell to you its 5.8% Senior Notes due 2016 (the “Notes”) pursuant to the terms set
forth in a Purchase Agreement (the “Purchase Agreement”) dated as of February 27, 2006,
between the Company and you as the initial purchasers (the “Initial Purchasers”). To
induce the Initial Purchasers to enter into the Purchase Agreement, the Company has agreed to offer
to exchange (the “Exchange Offer”) any and all of the Notes for Exchange Notes (as
hereinafter defined) pursuant to the terms of this Agreement. The execution and delivery of this
Agreement is a condition to the Initial Purchasers’ obligations to purchase the Notes under the
Purchase Agreement.

     The Exchange Notes are to be issued under an indenture (the “Indenture”) dated as of
November 1, 2003, among the Company and JPMorgan Chase Bank, N.A., as trustee (the
“Trustee”). To induce the Initial Purchasers to enter into the Purchase Agreement and to
satisfy a condition to your obligations thereunder, the Company agrees with you for your benefit
and the benefit of the holders (each a “Holder” and, together, the “Holders”) from
time to time of the Notes or the Exchange Notes, as follows:

     1. Definitions. Capitalized terms used herein without definition shall have their
respective meanings set forth in the Purchase Agreement. As used in this Agreement, the following
capitalized defined terms shall have the following meanings:

     “Act” shall mean the Securities Act of 1933, as amended, and the rules and regulations
of the Commission promulgated thereunder.

     “Additional Interest” shall have the meaning set forth in Section 5 hereto.

     “Affiliate” of any specified person shall mean any other person that, directly or
indirectly,

 

 

is in control of, is controlled by, or is under common control with, such specified person.
For purposes of this definition, control of a person shall mean the power, direct or indirect, to
direct or cause the direction of the management and policies of such person whether by contract or
otherwise; and the terms “controlling” and “controlled” shall have meanings correlative to the
foregoing.

     “Broker-Dealer” shall mean any broker or dealer registered as such under the Exchange
Act.

     “Business Day” shall mean any day other than a Saturday, a Sunday or a legal holiday
or a day on which banking institutions or trust companies are authorized or obligated by law to
close in New York City, New York.

     “Commission” shall mean the Securities and Exchange Commission.

     “Company” shall have the meaning set forth in the preamble hereto.

     “Company Indemnitee” shall have the meaning set forth in Section 7(b) hereto.

     “DTC” shall have the meaning set forth in Section 4(l) hereto.

     “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, and the
rules and regulations of the Commission promulgated thereunder.

     “Exchange Notes” shall mean debt securities of the Company identical in all material
respects to the Notes (except that the additional interest provision and the transfer restrictions
shall be modified or eliminated, as appropriate) and to be issued under the Indenture.

     “Exchange Offer” shall have the meaning set forth in the preamble hereto.

     “Exchange Offer Registration Period” shall mean the 180-day period following the
consummation of the Registered Exchange Offer, exclusive of any period during which any stop order
shall be in effect suspending the effectiveness of the Exchange Offer Registration Statement.

     “Exchange Offer Registration Statement” shall mean a registration statement of the
Company on an appropriate form under the Act with respect to the Registered Exchange Offer, all
amendments and supplements to such registration statement, including post-effective amendments
thereto, in each case including the Prospectus contained therein, all exhibits thereto and all
material incorporated by reference therein.

     “Exchanging Dealer” shall mean any Holder (which may include any Initial Purchaser)
that is a Broker-Dealer and elects to exchange for Exchange Notes any Notes that it acquired for
its own account as a result of market-making activities or other trading activities (but not
directly from the Company or any Affiliate of the Company).

     “Expiration Date” shall have the meaning set forth in Section 2(c)(ii) hereto.

     “Holder” shall have the meaning set forth in the preamble hereto.

     “Indenture” shall have the meaning set forth in the preamble hereto.

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     “Initial Purchasers” shall have the meaning set forth in the preamble hereto.

     “Losses” shall have the meaning set forth in Section 7(d) hereof.

     “Majority Holders” shall mean, on any date, the Holders of a majority of the aggregate
principal amount of the Notes registered or to be registered under a Registration Statement.

     “Managing Underwriters” shall mean the investment banker or investment bankers and
manager or managers that shall administer an underwritten offering, if any, under a Registration
Statement.

     “Notes” shall have the meaning set forth in the preamble hereto.

     “Prospectus” shall mean the prospectus included in any Registration Statement
(including, without limitation, a prospectus that discloses information previously omitted from a
prospectus filed as part of an effective registration statement in reliance upon Rule 430A under
the Act), as amended or supplemented by any prospectus supplement, with respect to the terms of the
offering of any portion of the Notes or the Exchange Notes covered by such Registration Statement,
and all amendments and supplements thereto, including all exhibits thereto and all material
incorporated by reference therein.

     “Purchase Agreement” shall have the meaning set forth in the preamble hereto.

     “Registered Exchange Offer” shall mean the proposed offer of the Company to issue and
deliver to the Holders of the Notes that are not prohibited by any law or policy of the Commission
from participating in such offer, in exchange for the Notes, a like aggregate principal amount of
the Exchange Notes.

     “Registration Default” shall have the meaning set forth in Section 5 hereto.

     “Registration Statement” shall mean any Exchange Offer Registration Statement or Shelf
Registration Statement that covers any of the Notes or the Exchange Notes pursuant to the
provisions of this Agreement, any amendments and supplements to such registration statement,
including post-effective amendments (in each case including the Prospectus contained therein), all
exhibits thereto and all material incorporated by reference therein.

     “Shelf Registration” shall mean a registration under the Act effected pursuant to
Section 3 hereof.

     “Shelf Registration Period” has the meaning set forth in Section 3(b)(ii) hereof.

     “Shelf Registration Statement” shall mean a “shelf” registration statement of the
Company pursuant to the provisions of Section 3 hereof which covers some or all of the Notes, on an
appropriate form under Rule 415 under the Act, or any similar rule that may be adopted by the
Commission, amendments and supplements to such registration statement, including post-effective
amendments and the Prospectus contained therein, all exhibits thereto and all material incorporated
by reference therein.

     “Trustee” shall have the meaning set forth in the preamble hereto.

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     “Trust Indenture Act” shall mean the Trust Indenture Act of 1939, as amended, and the
rules and regulations of the Commission promulgated thereunder.

     “underwriter” shall mean any underwriter of Notes in connection with an offering
thereof under a Shelf Registration Statement.

     2. Registered Exchange Offer. (a) The Company shall prepare and, not later than 120
days following the Closing Date (or if such 120th day is not a Business Day, the next succeeding
Business Day), shall file with the Commission the Exchange Offer Registration Statement with
respect to the Registered Exchange Offer. The Company shall use its reasonable best efforts to (i)
cause the Exchange Offer Registration Statement to become effective under the Act within 210 days
of the Closing Date (or if such 210th day is not a Business Day, the next succeeding Business Day)
and (ii) consummate the Registered Exchange Offer within 255 days of the Closing Date (or if such
255th day is not a Business Day, the next succeeding Business Day).

     (b) Upon the effectiveness of the Exchange Offer Registration Statement, the Company shall
promptly commence the Registered Exchange Offer, it being the objective of such Registered Exchange
Offer to enable each Holder electing to exchange Notes for Exchange Notes (provided that such
Holder is not an Affiliate of the Company, acquires the Exchange Notes in the ordinary course of
such Holder’s business, has no arrangements or understandings with any person to participate in the
distribution of the Exchange Notes and is not prohibited by any law, rule or policy of the
Commission from participating in the Registered Exchange Offer) to trade such Exchange Notes from
and after their receipt without any limitations or restrictions under the Act and without material
restrictions under the securities laws of a substantial proportion of the several states of the
United States.

     (c) In connection with the Registered Exchange Offer, the Company shall:

          (i) mail to each Holder a copy of the Prospectus forming part of the Exchange Offer
Registration Statement, together with an appropriate letter of transmittal and related documents;

          (ii) keep the Registered Exchange Offer open for not less than 20 Business Days and not more
than 40 Business Days after the date notice thereof is mailed to the Holders (or, in each case,
longer if required by applicable law) (the “Expiration Date”);

          (iii) use its reasonable best efforts to keep the Exchange Offer Registration Statement
continuously effective under the Act, supplemented and amended as required under the Act to ensure
that it is available for sales of Exchange Notes by Exchanging Dealers during the Exchange Offer
Registration Period;

          (iv) utilize the services of a depositary for the Registered Exchange Offer with an address in
the Borough of Manhattan in New York City, which may be the Trustee or an Affiliate of the Trustee;

          (v) permit Holders to withdraw tendered Notes at any time prior to the close of business, New
York time, on the last Business Day on which the Registered Exchange Offer is open;

          (vi) prior to effectiveness of the Exchange Offer Registration Statement, provide a
supplemental letter to the Commission (A) stating that the Company is conducting the

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Registered Exchange Offer in reliance on the position of the Commission in Exxon Capital
Holdings Corporation (pub. avail. May 13, 1988) and Morgan Stanley and Co., Inc. (pub. avail. June
5, 1991), and (B) including a representation that the Company has not entered into any arrangement
or understanding with any person to distribute the Exchange Notes to be received in the Registered
Exchange Offer and that, to the Company’s information and belief, each Holder participating in the
Registered Exchange Offer is acquiring the Exchange Notes in the ordinary course of business and
has no arrangement or understanding with any person to participate in the distribution of the
Exchange Notes; and

          (vii) comply in all respects with all applicable laws.

     (d) As soon as practicable after the close of the Registered Exchange Offer, the Company
shall:

          (i) accept for exchange all Exchange Notes tendered and not validly withdrawn pursuant to the
Registered Exchange Offer;

          (ii) deliver to the Trustee for cancellation in accordance with Section 4(s) all Notes so
accepted for exchange; and

          iii) cause the Trustee promptly to authenticate and deliver to each Holder of Notes a
principal amount of Exchange Notes equal to the principal amount of the Notes of such Holder so
accepted for exchange.

     (e) Each Holder hereby acknowledges and agrees that any Broker-Dealer and any such Holder
using the Registered Exchange Offer to participate in a distribution of the Exchange Notes (x)
could not under Commission policy as in effect on the date of this Agreement rely on the position
of the Commission in Exxon Capital Holdings Corporation (pub. avail. May 13, 1988) and Morgan
Stanley and Co., Inc. (pub. avail. June 5, 1991), as interpreted in the Commission’s letter to
Shearman & Sterling dated July 2, 1993 and similar no-action letters, and (y) must comply with the
registration and prospectus delivery requirements of the Act in connection with any secondary
resale transaction, and any secondary resale transactions by such Holder must be covered by an
effective registration statement containing the selling security holder and plan of distribution
information required by Item 507 or 508, as applicable, of Regulation S-K under the Act if the
resales are of Exchange Notes obtained by such Holder in exchange for Notes acquired by such Holder
directly from the Company or one of its Affiliates. Accordingly, each Holder participating in the
Registered Exchange Offer shall be required to provide a written representation to the Company
that, at the time of the consummation of the Registered Exchange Offer:

          (i) any Exchange Notes received by such Holder will be acquired in the ordinary course of such
Holder’s business;

          (ii) such Holder is not engaged in, and does not intend to engage in, and will have no
arrangement or understanding with any person to participate in the distribution of the Notes or the
Exchange Notes within the meaning of the Act; and

          (iii) such Holder is not an Affiliate of any of the Company.

     3. Shelf Registration. (a) If (i) due to any change in law or applicable
interpretations thereof by the Commission’s staff, the Company determines upon advice of its
outside counsel

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that it is not permitted to effect the Registered Exchange Offer as contemplated by Section 2
hereof; or (ii) for any other reason the Registered Exchange Offer is not consummated within 255
days of the Closing Date; or (iii) any Holder notifies the Company that it is not eligible to
participate in the Registered Exchange Offer and the Company receives notice of such ineligibility
from such Holder within 45 days after the consummation of the Registered Exchange Offer, the
Company shall effect a Shelf Registration Statement in accordance with subsection (b) below.

     (b) (i) The Company shall as promptly as practicable (but in no event more than 45 days after
so required or requested pursuant to this Section 3), file with the Commission and thereafter shall
use its reasonable best efforts to cause to be declared effective under the Act a Shelf
Registration Statement relating to the offer and sale of Notes by the Holders thereof from time to
time in accordance with the methods of distribution elected by such Holders and set forth in such
Shelf Registration Statement; provided, however, that no Holder shall be entitled to have the Notes
held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be
bound by all of the provisions of this Agreement applicable to such Holder; and provided further
that with respect to a Shelf Registration Statement required pursuant to clause (ii) of Section
3(a), the consummation of a Registered Exchange Offer shall relieve the Company of its obligations
under this Section 3(b) but only in respect of their obligations under such clause (ii) of Section
3(a).

          (ii) The Company shall use its reasonable best efforts to keep the Shelf Registration
Statement continuously effective, supplemented and amended as required by the Act, in order to
permit the Prospectus forming part thereof to be usable by Holders for a period of two years from
the Closing Date or such shorter period that will terminate when all the Notes covered by the Shelf
Registration Statement (A) have been sold pursuant to the Shelf Registration Statement or (B) are
freely tradable pursuant to Rule 144(k) (and applicable interpretations thereof by the Commission’s
staff) (in any such case, such period being called the “Shelf Registration Period”). The
Company shall be deemed not to have used its reasonable best effort to keep the Shelf Registration
Statement effective during the requisite period if it voluntarily takes any action that would
result in Holders of Notes covered thereby not being able to offer and sell such Notes during that
period, unless (A) such action is required by applicable law or (B) such action is taken by the
Company in good faith and for valid business reasons (not including avoidance of the Company’s
obligations hereunder), including the acquisition or divestiture of assets, so long as the Company
promptly thereafter complies with the requirements of Section 4(k) hereof, if applicable.

          (iii) The Company shall cause the Shelf Registration Statement and the related Prospectus and
any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement
or such amendment or supplement, (A) to comply in all material respects with the applicable
requirements of the Act and the rules and regulations of the Commission; and (B) not to contain any
untrue statement of a material fact or omit to state a material fact required to be stated therein
or necessary in order to make the statements therein (in the case of a Prospectus contained
therein, in the light of the circumstances under which they were made) not misleading.

     4. Additional Registration Procedures. In connection with any Shelf Registration
Statement and, to the extent applicable, any Exchange Offer Registration Statement, the following
provisions shall apply.

     (a) The Company shall:

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          (i) furnish to you, not less than five Business Days prior to the filing thereof with the
Commission, a draft copy of any Exchange Offer Registration Statement and any Shelf Registration
Statement, and each amendment thereof and each amendment or supplement, if any, to the Prospectus
included therein (excluding all documents incorporated by reference therein after the initial
filing) and shall use its reasonable best efforts to reflect in each such document, when so filed
with the Commission, such comments as you reasonably propose;

          (ii) include the information set forth (A) in Annex A hereto on the inside cover page of the
Prospectus contained in the Exchange Offer Registration Statement, (B) in Annex B hereto in a
section setting forth details of the Registered Exchange Offer, (C) in Annex C hereto in the
underwriting or plan of distribution section of such Prospectus and (D) in Annex D hereto in the
letter of transmittal delivered pursuant to the Registered Exchange Offer; and

          (iii) in the case of a Shelf Registration Statement, include the information regarding the
Holders that propose to sell Notes pursuant to the Shelf Registration Statement as selling security
holders; provided that the Company shall not be required to supplement or amend a Shelf
Registration Statement after it has been declared effective by the Commission more than once per
calendar month to reflect additional Holders or changes in the number of Notes to be sold by any
Holder.

     (b) The Company shall ensure that:

          (i) any Registration Statement and any amendment thereto and any Prospectus forming part
thereof and any amendment or supplement thereto complies in all material respects with the Act and
the rules and regulations thereunder; and

          (ii) any Registration Statement and any amendment thereto does not, when it becomes effective,
contain an untrue statement of a material fact or omit to state a material fact required to be
stated therein or necessary to make the statements therein not misleading.

     (c) The Company shall advise you or the Holders of Notes covered by any Shelf Registration
Statement and any Exchanging Dealer under any Exchange Offer Registration Statement that has
provided in writing to the Company a telephone or facsimile number and address for notices, and, if
requested by you or any such Holder or Exchanging Dealer, shall confirm such advice in writing
(which notice pursuant to clauses (ii)-(v) below shall be accompanied by an instruction to suspend
the use of the Prospectus until the Company shall have remedied the basis for such suspension):

          (i) when a Registration Statement and any amendment thereto has been filed with the Commission
and when such Registration Statement or any post-effective amendment thereto has become effective;

          (ii) of any request by the Commission after the effective date of such Registration Statement
for any amendment or supplement to a Registration Statement or the Prospectus or for additional
information in connection with the Registration Statement;

          (iii) of the issuance by the Commission of any stop order suspending the effectiveness of a
Registration Statement or the initiation of any proceedings for that purpose;

          (iv) of the receipt by the Company of any notification with respect to the

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suspension of the qualification of the securities included in any Registration Statement for
sale in any jurisdiction or the initiation of any proceeding for such purpose; and

          (v) of the happening of any event that requires any change in a Registration Statement or the
Prospectus so that, as of such date, the statements therein do not contain any untrue statement of
a material fact and do not omit to state a material fact required to be stated therein or necessary
to make the statements therein (in the case of the Prospectus, in the light of the circumstances
under which they were made) not misleading provided that the Company shall not be required to
disclose the reasons for such change.

     Upon receiving notice of the occurrence of any of the events listed in subsections (ii)
through (v) of this Section 4(c), each Holder and any Exchanging Dealer will, upon request by the
Company in writing, immediately discontinue disposition of Notes or Exchange Notes pursuant to a
Registration Statement until such Holder’s or Exchanging Dealer’s receipt of copies of the
supplemented or amended Prospectus contemplated by Section 4(k) or until it is advised in writing
by the Company that use of the applicable Prospectus may resume, and, if so directed by the
Company, such Holder or Exchanging Dealer will deliver to the Company (at the Company’s expense)
all copies in such Holder’s or Exchanging Dealer’s possession, other than permanent file copies, of
the Prospectus covering such Notes or Exchange Notes that was current at the time of receipt of
such notice.

     (d) The Company shall use its reasonable best efforts to prevent the issuance and, if issued,
to obtain the withdrawal at the earliest practicable time of any order suspending the effectiveness
of any Registration Statement or the qualification of the securities therein for sale in any
jurisdiction.

     (e) The Company shall furnish to each Holder of Notes covered by any Shelf Registration
Statement, without charge, at least one copy of such Shelf Registration Statement and any
post-effective amendment thereto, and, if the Holder so requests in writing, all material
incorporated therein by reference and all exhibits thereto.

     (f) The Company shall, during the Shelf Registration Period, promptly deliver to you and to
each Holder of Notes covered by any Shelf Registration Statement, and any sales or placement agents
or underwriters acting on behalf of such Holder, without charge, as many copies of the Prospectus
(including each preliminary Prospectus) included in such Shelf Registration Statement and any
amendment or supplement thereto as such person may reasonably request. The Company consents to the
use of the Prospectus or any amendment or supplement thereto by each of the foregoing in connection
with the offering and sale of the Notes covered by the Prospectus, or any amendment or supplement
thereto, included in the Shelf Registration Statement in accordance with applicable law and the
terms hereof.

     (g) The Company shall furnish to each Exchanging Dealer that so requests, without charge, at
least one copy of the Exchange Offer Registration Statement and any post-effective amendment
thereto, including all material incorporated by reference therein, and, if the Exchanging Dealer so
requests in writing, all exhibits thereto (including exhibits incorporated by reference therein).

     (h) The Company shall promptly deliver to you, each Exchanging Dealer and each other person
required to deliver a Prospectus during the Exchange Offer Registration Period, without charge, as
many copies of the Prospectus included in such Exchange Offer Registration Statement and any
amendment or supplement thereto as any such person may reasonably request.

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The Company consents to the use of the Prospectus or any amendment or supplement thereto by
you, any Exchanging Dealer and any such other person that may be required to deliver a Prospectus
following the Registered Exchange Offer in connection with the offering and sale of the Exchange
Notes covered by the Prospectus, or any amendment or supplement thereto, included in the Exchange
Offer Registration Statement in accordance with applicable law and the terms hereof.

     (i) Prior to the Registered Exchange Offer or any other offering of Notes or Exchange Notes,
as the case may be, pursuant to any Registration Statement, the Company shall arrange, if
necessary, for the qualification of the Notes or the Exchange Notes, as the case may be, for sale
under the laws of such jurisdictions as any Holder shall reasonably request and will use its
reasonable best efforts to maintain such qualification in effect so long as required; provided that
in no event shall the Company be obligated to (i) qualify to do business or as a broker or dealer
of securities in any jurisdiction where it is not then so qualified, (ii) take any action that
would subject it to service of process in suits, other than those arising out of the Registered
Exchange Offer or any offering pursuant to a Shelf Registration Statement, in any such jurisdiction
where it is not then so subject or (iii) subject itself to taxation in any jurisdiction if it is
not already so subject.

     (j) The Company shall cooperate with the Holders of Notes or Exchange Notes, as the case may
be, to facilitate the timely preparation and delivery of certificates representing Notes or
Exchange Notes to be issued or sold pursuant to any Registration Statement free of any restrictive
legends and in such denominations and registered in such names as Holders may request.

     (k) Upon the occurrence of any event contemplated by subsections (ii) through (v) of Section
4(c) hereof, the Company shall promptly prepare a post-effective amendment to the applicable
Registration Statement or an amendment or supplement to the related Prospectus or file any other
required document so that, as thereafter delivered to the purchasers of the securities covered
thereby, the Prospectus will not include an untrue statement of a material fact or omit to state
any material fact required to be stated therein or necessary to make the statements therein, in the
light of the circumstances under which they were made, not misleading; provided that, during the
Exchange Offer Registration Period, the Company shall not be required to amend or supplement a
Registration Statement or Prospectus, in the event that, and for a period not to exceed 60 days in
any consecutive 12-month period, the Company determines in good faith that the disclosure of any
such event would be materially adverse to the Company or otherwise relates to a pending business
transaction that has not yet been publicly disclosed. In such circumstances, the period of
effectiveness of the Exchange Offer Registration Statement provided for in Section 2 and the Shelf
Registration Statement provided for in Section 3(b) shall each be extended by the number of days
from and including the date of the giving of a notice of suspension pursuant to Section 4(c) hereof
to and including the date the Holders of Notes and Exchanging Dealers shall have received such
amended or supplemented Prospectus pursuant to this Section.

     (l) (A) Not later than the effective date of the Exchange Offer Registration Statement, the
Company shall provide a CUSIP number for the Exchange Notes registered under the Exchange Offer
Registration Statement. Not later than the date of the closing of the Exchange Offer, the Company
shall provide the Trustee with printed certificates for such Exchange Notes, free of any
restrictive legends, in a form eligible for deposit with The Depository Trust Company
(“DTC”).

          (B) On the first Business Day following the effective date of any Shelf Registration Statement
hereunder or as soon as possible thereafter, the Company shall use its

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reasonable efforts to establish with the Trustee a procedure by which Holders of Notes that
are “restricted securities” within the meaning of Rule 144(a)(3) under the Securities Act may
transfer their interests therein to an “unrestricted” global security free of any stop or
restriction on DTC’s system with respect to the Notes; provided, however that this section 4(l)(B)
shall be applicable only to Holders that are named as selling Holders in the Shelf Registration
Statement and agree in writing to be bound by all of the provisions of this Agreement applicable to
such Holder. Upon compliance with the foregoing requirements of this Section 4(l)(B), the Company
shall provide the Trustee with printed certificates for such Notes in a form eligible for deposit
with DTC.

          In the event the Company is unable to cause DTC to take the actions described in this Section
4(l), the Company shall take such actions as the Majority Holders may reasonably request to
provide, as soon as practicable, a CUSIP number, if necessary, for the Notes registered under the
Shelf Registration Statement and to cause the CUSIP number to be assigned to the Notes or Exchange
Notes, as the case may be (or to the maximum aggregate principal amount of the Notes or Exchange
Notes, as the case may be, to which such number may be assigned).

     (m) The Company shall comply with all applicable rules and regulations of the Commission and
shall make generally available to its security holders as soon as practicable after the effective
date of the applicable Registration Statement an earnings statement satisfying the provisions of
Section 11(a) of the Act.

     (n) The Company shall cause the Indenture to be qualified under the Trust Indenture Act in a
timely manner.

     (o) The Company may require each Holder of Notes to be sold pursuant to any Shelf Registration
Statement to furnish to the Company such information regarding the Holder and the distribution of
such Notes as the Company may from time to time reasonably require for inclusion in such Shelf
Registration Statement, and each such Holder shall promptly furnish to the Company any additional
information required in order to make the information previously disclosed to the Company under
this subsection (o) not misleading. The Company may exclude from such Shelf Registration Statement
the Notes of any Holder that fails to furnish such information within a reasonable time after
receiving such request.

     (p) The Company shall, if requested, use its reasonable best efforts to incorporate promptly
in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such
information as a Holder of Notes to be sold pursuant to any Shelf Registration Statement may
reasonably provide from time to time to the Company in writing for inclusion in a Prospectus or any
Shelf Registration Statement concerning such Holder and the
distribution of such Holder’s Notes and shall make all required filings of such Prospectus
supplement or post-effective amendment as soon as reasonably practicable after receipt of
notification of the matters to be incorporated in such Prospectus supplement or post-effective
amendment; provided that the Company shall not be obligated to make such updates more than once per
month.

     (q) In the case of any Shelf Registration Statement, the Company shall enter into such
agreements and take all other appropriate actions (including, if requested, an underwriting
agreement in customary form and otherwise reasonably satisfactory to the Company) in order to
expedite or facilitate the registration or the disposition of the Notes, and in connection
therewith, if an underwriting agreement is entered into, cause the same to contain indemnification
provisions and procedures no less favorable than those set forth in Section 7 (or such other
provisions and procedures acceptable to the Majority Holders and the Managing Underwriters, if any,
with

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respect to all parties to be indemnified pursuant to Section 7).

     (r) In the case of any Shelf Registration Statement, the Company shall:

          (i) make reasonably available for inspection by the selling Holders of Notes to be registered
thereunder, any underwriter participating in any disposition pursuant to such Shelf Registration
Statement, and any attorney, accountant or other agent retained by the selling Holders or any such
underwriter, all relevant financial and other records, pertinent corporate documents and properties
of the Company and its subsidiaries, which inspection shall be coordinated by a single counsel
selected by the Majority Holders; provided, however, that any information that is designated in
writing by the Company, in good faith, as confidential at the time of delivery of such information
shall be kept confidential by the selling Holders or any such underwriter, attorney, accountant or
agent, unless such disclosure is made in connection with a court proceeding or required by law, or
such information becomes available to the public generally or through a third party without an
accompanying obligation of confidentiality and without any action or omission by any selling Holder
in violation of this subsection (i);

          (ii) cause the Company’ officers, directors, employees, accountants and auditors to supply all
relevant information reasonably requested by the selling Holders or any such underwriter, attorney,
accountant or agent in connection with any such Registration Statement as is customary for similar
due diligence examinations; provided, however, that any information that is designated in writing
by the Company, in good faith, as confidential at the time of delivery of such information shall be
kept confidential by the selling Holders or any such underwriter, attorney, accountant or agent,
unless such disclosure is made in connection with a court proceeding or required by law, or such
information becomes available to the public generally or through a third party without an
accompanying obligation of confidentiality and without any action or omission by any selling Holder
in violation of this subsection (ii);

          (iii) make such representations and warranties to the Holders of Notes registered thereunder
and the underwriters, if any, in form, substance and scope as are customarily made by the Company
to underwriters in primary underwritten offerings and covering matters including, but not limited
to, those set forth in the Purchase Agreement;

          (iv) obtain opinions of counsel to the Company and updates thereof (which counsel and opinions
(in form, scope and substance) shall be reasonably satisfactory to the Managing Underwriters, if
any) addressed to each selling Holder and the underwriters, if any, covering such matters as are
customarily covered in opinions requested in underwritten offerings and such other matters as may
be reasonably requested by such Holders and underwriters;

          (v) obtain “cold comfort” letters and updates thereof from the independent certified public
accountants of the Company (and, if necessary, any other independent certified public accountants
of any subsidiary of the Company or of any business acquired directly or indirectly by the Company
for which financial statements and financial data are, or are required to be, included in the
Registration Statement), addressed to each selling Holder of Notes registered thereunder and the
underwriters, if any, in customary form and covering matters of the type customarily covered in
“cold comfort” letters in connection with primary underwritten offerings; and

          (vi) deliver such documents and certificates as may be reasonably requested by the Majority
Holders or the Managing Underwriters, if any, including those to evidence compliance with Section
4(k) hereof and with any customary conditions contained in the

11

 

underwriting agreement or other agreement entered into by the Company.

The actions set forth in the foregoing subclauses (iii), (iv), (v) and (vi) shall be performed at
(A) the effectiveness of such Registration Statement and each post-effective amendment thereto; and
(B) each closing under any underwriting or similar agreement as and to the extent required
thereunder.

     (s) If a Registered Exchange Offer is to be consummated, upon delivery of the Notes by Holders
to the Company (or to such other person as directed by the Company) in exchange for the Exchange
Notes, the Company shall mark, or cause to be marked, on the Notes so exchanged that such Notes are
being cancelled in exchange for the Exchange Notes. In no event shall the Notes be marked as paid
or otherwise satisfied.

     (t) The Company shall use its reasonable best efforts to cause the securities covered by a
Registration Statement to be rated with at least one nationally recognized statistical rating
agency, if so requested by the Majority Holders or by any Managing Underwriters unless such
securities are already so rated.

     (u) In the case of any Shelf Registration Statement, if any Broker-Dealer shall underwrite any
Notes or participate as a member of an underwriting syndicate or selling group or “assist in the
distribution” (within the meaning of the Rules of Fair Practice and the By-Laws of the National
Association of Securities Dealers, Inc.) thereof, whether as a Holder of such
Notes or as an underwriter, a placement or sales agent or a broker or dealer in respect thereof, or
otherwise, the Company shall assist such Broker-Dealer in complying with the requirements of such
Rules and By-Laws, including, without limitation, by:

          (i) if such Rules or By-Laws shall so require, engaging a “qualified independent underwriter”
(as defined in such Rules) to participate in the preparation of such Registration Statement, to
exercise usual standards of due diligence with respect thereto and, if any portion of the offering
contemplated by such Registration Statement is an underwritten offering or is made through a
placement or sales agent, to recommend the yield of such Notes;

          (ii) indemnifying any such qualified independent underwriter to the extent of the
indemnification of underwriters provided in Section 7 hereof; and

          (iii) providing such information to such Broker-Dealer as may be required in order for such
Broker-Dealer to comply with the requirements of such Rules or By-Laws.

     (v) The Company shall use its reasonable best efforts to take all other steps necessary to
effect the registration of Notes or Exchange Notes, as the case may be, covered by a Registration
Statement as contemplated by, and in accordance with the terms of, this Agreement.

     5. Additional Interest.

     (a) The parties hereto acknowledge that the Holders of Notes will suffer damages if the
Company fails to perform its obligations under Section 2 or 3 hereof and that it would not be
feasible to ascertain the extent of such damages. Accordingly, in the event that:

          (i) the Exchange Offer Registration Statement has not been filed on or prior to the 120th day
after the Closing Date;

12

 

          (ii) the Exchange Offer Registration Statement has not been declared effective on or prior to
the 210th day after the Closing Date;

          (iii) neither the Exchange Offer has been completed nor the Shelf Registration Statement has
been declared effective on or prior to the 255th day after the Closing Date;

          (iv) the Shelf Registration Statement has not been declared effective on or prior to the 120th
day after the required or requested time of filing pursuant to Section 3 hereof; or

          (v) after the Shelf Registration Statement, if applicable, has been declared effective, the
Shelf Registration Statement ceases to be effective or usable for a period of time that exceeds 60
days in the aggregate in any 12-month period in which it is required to be effective under this
Agreement;

(each such event referred to in the foregoing clauses (i) through (v), a “Registration
Default”), then additional interest (“Additional Interest”) will accrue on the
principal amount of the Notes affected thereby (in addition to the stated interest on the Notes),
from and including the date on which any Registration Default first occurs and while any such
Registration Default has occurred and is continuing, to but excluding the date on which all
filings, declarations of effectiveness and consummations, as the case may be, have been achieved
which, if achieved on a timely basis, would have prevented the occurrence of all of the then
existing Registration Defaults. Additional Interest will accrue at a rate of 0.25% per annum during
the 90-day period immediately following such first occurrence of a Registration Default and while
any such Registration Default has occurred and is continuing, and shall increase by 0.25% per annum
at the end of each subsequent 90-day period up to a maximum of 0.50% per annum with respect to all
Registration Defaults, until the date on which all of the filings, declarations of effectiveness
and consummations referred to in the preceding sentence have been achieved, on which date the
interest rate on the applicable Notes will revert to the interest rate originally borne by such
notes.

     (b) The Company shall notify the Trustee immediately upon its knowledge of the happening of
each and every Registration Default. The Company shall pay the Additional Interest due on the
Notes, as the case may be, by depositing with the Trustee (which shall not be the Company for these
purposes), in trust, for the benefit of the Holders entitled thereto, prior to 11:00 A.M. on the
next interest payment date specified in the Indenture, sums sufficient to pay the Additional
Interest then due. The Additional Interest due shall be payable on each interest payment date
specified by the Indenture to the record holders entitled to receive the interest payment to be
made on such date.

     (c) The parties hereto agree that the Additional Interest provided for in this Section 5
constitutes a reasonable estimate of the damages that will be suffered by Holders of Notes by
reason of the happening of any Registration Default.

     (d) All of the Company’s obligations set forth in this Section 5 shall survive the termination
of this Agreement.

     6. Registration Expenses. The Company shall bear all expenses incurred in connection
with the performance of its obligations under Sections 2, 3, and 4 hereof and, in connection with
any Shelf Registration Statement, shall reimburse the Holders for the reasonable fees and
disbursements of one firm or counsel designated by the Majority Holders to act as counsel for the
Holders in connection therewith, and, in the case of any Exchange Offer Registration Statement,
will reimburse the Initial Purchasers for the reasonable fees and

13

 

disbursements of counsel acting in connection therewith, which reimbursement to the Initial
Purchasers shall not exceed an aggregate amount of $10,000. Anything contained herein to the
contrary notwithstanding, the Company shall not have any obligation whatsoever in respect of any
underwriters’ discounts or commissions, brokerage commissions, dealers’ selling concessions,
transfer taxes or, except as otherwise expressly set forth herein, any other selling expenses
incurred in connection with the underwriting, offering or sale of Notes or Exchange Notes by or on
behalf of any person.

     7. Indemnification and Contribution. (a) The Company agrees to indemnify and hold
harmless each Holder of Notes or Exchange Notes, as the case may be, covered by any Registration
Statement (including each Initial Purchaser and, with respect to any Prospectus delivery as
contemplated in Section 4(h) hereof, each Exchanging Dealer), the directors, officers, employees
and agents of each such Holder and each person who controls any such Holder within the meaning of
either the Act or the Exchange Act against any and all losses, claims, damages or liabilities,
joint or several, to which any of the foregoing may become subject under the Act, the Exchange Act
or other Federal or state statutory law or regulation, at common law or otherwise, insofar as such
losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based
upon any untrue statement or alleged untrue statement of a material fact contained in such
Registration Statement as originally filed or in any amendment thereof, or in any preliminary
Prospectus or the Prospectus, or in any amendment thereof or supplement thereto, or arise out of or
are based upon the omission or alleged omission to state therein a material fact required to be
stated therein or necessary to make the statements therein (in the case of a Prospectus, in the
light of the circumstances under which they were made) not misleading, and agrees to reimburse each
such indemnified party, as incurred, for any legal or other expenses reasonably incurred by it in
connection with investigating or defending any such loss, claim, damage, liability or action;
provided, however, that the Company will not be liable in any such case to the extent that any such
loss, claim, damage or liability arises out of or is based upon any such untrue statement or
alleged untrue statement or omission or alleged omission made therein in reliance upon and in
conformity with written information furnished to the Company by or on behalf of any such Holder
specifically for inclusion therein and provided, further, that with respect to any untrue statement
or omission of a material fact made in any preliminary Prospectus, the indemnity agreement
contained in this Section 7(a) shall not inure to the benefit of any indemnified party under this
indemnity agreement from whom the person asserting any such loss, claim, damage or liability
purchased the Notes or Exchange Notes concerned to the extent that any such loss, claim, damage or
liability of such party occurs under the circumstance where (i) the Company had previously
furnished copies of the Prospectus to such indemnified party in accordance with the terms hereof
and prior to the written confirmation of the sale of such Notes or Exchange Notes, as applicable,
to such person, (ii) to the extent required by applicable law, a copy of the final Prospectus was
not sent or given to such person at or prior to the written confirmation of the sale of such Notes
or Exchange Notes, as applicable, to such person and (iii) the untrue statement in or omission from
the preliminary Prospectus was corrected in the final Prospectus. This indemnity agreement shall be
in addition to any liability which the Company may otherwise have.

     The Company also agrees to indemnify as provided in this Section 7(a) or contribute as
provided in Section 7(d) hereof to Losses of each underwriter of Notes, registered under a Shelf
Registration Statement, their directors, officers, employees or agents and each person who controls
such underwriter on substantially the same basis as that of the indemnification of the selling
Holders provided in this Section 7(a) and shall, if requested by any Holder, enter into an
underwriting agreement reflecting such agreement, as provided in Section 4(q) hereof.

     (b) Each Holder of securities covered by a Registration Statement (including each

14

 

Initial Purchaser and, with respect to any Prospectus delivery as contemplated in Section 4(h)
hereof, each Exchanging Dealer), severally and not jointly, agrees to indemnify and hold harmless
the Company, and each of its directors and officers who signs such Registration Statement and each
person who controls the Company within the meaning of either the Act or the Exchange Act (each, a
“Company Indemnitee”), to the same extent as the indemnity in Section 7(a) from the Company
to each such Holder, but only with reference to written information relating to such Holder
furnished to the Company by or on behalf of such Holder specifically for inclusion in the documents
referred to in the foregoing indemnity, and further agrees to reimburse each Company Indemnitee for
any legal or other expenses reasonably incurred by such Company Indemnitee in connection with
investigating or defending or preparing to defend against any such loss, claim, damage, liability,
judgment or action as such expenses are incurred. This indemnity agreement shall be in addition to
any liability which any such Holder may otherwise have.

     (c) Promptly after receipt by an indemnified party under this Section 7 or notice of the
commencement of any action, such indemnified party shall, if a claim in respect thereof is to be
made against the indemnifying party under this Section, notify the indemnifying party in writing of
the commencement thereof; but the failure so to notify the indemnifying party (i) will not relieve
it from liability under paragraph (a) or (b) above unless and to the extent it did not otherwise
learn of such action and such failure results in the forfeiture by the indemnifying party of
substantial rights and defenses; and (ii) will not, in any event, relieve the indemnifying party
from any obligations to any indemnified party other than the indemnification obligation provided in
paragraph (a) or (b) above. The indemnifying party shall be entitled to appoint counsel of the
indemnifying party’s choice at the indemnifying party’s expense to represent the indemnified party
in any action for which indemnification is sought (in which case the indemnifying party shall not
thereafter be responsible for the fees and expenses of any separate counsel retained by the
indemnified party or parties except as set forth below); provided, however, that such counsel shall
be reasonably satisfactory to the indemnified party. Notwithstanding the indemnifying party’s
election to appoint counsel to represent the indemnified party in an action, the indemnified party
shall have the right to employ separate counsel (including local counsel), and the indemnifying
party shall bear the reasonable fees, costs and expenses of such separate counsel if (i) the use of
counsel chosen by the indemnifying party to represent the indemnified party would present such
counsel with a conflict of interest; (ii) the actual or potential defendants in, or targets of, any
such action include both the indemnified party and the indemnifying party and the indemnified party
shall have reasonably concluded that there may be legal defenses available to it and/or other
indemnified parties which are different from or additional to those available to the indemnifying
party; (iii) the indemnifying party shall not have employed counsel reasonably satisfactory to the
indemnified party to represent the indemnified party within a reasonable time after notice of the
institution of such action; or (iv) the indemnifying party shall authorize the indemnified party to
employ separate counsel at the expense of the indemnifying party. An indemnifying party shall not,
without the prior written consent of the indemnified parties (not to be unreasonably withheld),
settle or compromise or consent to the entry of any judgment with respect to any pending or
threatened claim, action, suit or proceeding in respect of which indemnification or contribution
may be sought hereunder (whether or not the indemnified parties are actual or potential parties to
such claim or action) unless such settlement, compromise or consent includes an unconditional
release of each indemnified party from all liability arising out of such claim, action, suit or
proceeding. An indemnifying party shall not be liable under this Section 7 to any indemnified
party regarding any settlement or compromise or consent to the entry of judgment with respect to
any pending or threatened claim, action, suit or proceeding in respect of which indemnification or
contribution may be sought hereunder (whether or not the indemnified parties are actual or
potential parties to such claim or action) unless such settlement, compromise or consent is
consented to by such indemnifying party, which consent shall not be

15

 

unreasonably withheld.

     (d) In the event that the indemnity provided in paragraph (a) or (b) of this Section 7 is
unavailable to or insufficient to hold harmless an indemnified party for any reason, then each
applicable indemnifying party shall have a joint and several obligation to contribute to the
aggregate losses, claims, damages and liabilities (including legal or other expenses reasonably
incurred in connection with investigating or defending same) (collectively “Losses”) to
which such indemnified party may be subject in such proportion as is appropriate to reflect the
relative benefits received by such indemnifying party, on the one hand, and such indemnified party,
on the other hand, from the initial issuance and sale of the Notes by the Company to the Initial
Purchasers pursuant the Purchase Agreement and the Registration Statement which resulted in such
Losses; provided, however, that in no case shall the Initial Purchasers be responsible, in the
aggregate, for any amount in excess of the purchase discount or commission applicable to the Notes,
as set forth in the Purchase Agreement. If the allocation provided by the immediately preceding
sentence is unavailable for any reason, the indemnifying party and the indemnified party shall
contribute in such proportion as is appropriate to reflect not only such relative benefits but also
the relative fault of such indemnifying party, on the one hand, and such indemnified party, on the
other hand, in connection with the statements or omissions which resulted in such Losses as well as
any other relevant equitable considerations. Benefits received by the Company shall be deemed to
be equal to (x) the net proceeds from the offering of the Notes (before deducting expenses)
received by the Company pursuant to the Purchase Agreement, plus (y) the total amount of Additional
Interest which the Company was not required to pay as a result of registering the Notes or Exchange
Notes covered by the Registration Statement which resulted in such Losses. Benefits received by
the Initial Purchasers shall be deemed to be equal to the total purchase discounts and commissions
received in connection with the initial issuance and sale of the Notes by the Company to the
Initial Purchasers pursuant the Purchase Agreement, and benefits received by any Holders shall be
deemed to be equal to the value of receiving Notes or Exchange Notes, as applicable, registered
under the Act. Benefits received by any underwriter shall be deemed to be equal to the total
underwriting discounts and commissions, as set forth on the cover page of the Prospectus forming a
part of the Registration Statement which resulted in such Losses. Relative fault shall be
determined by reference to, among other things, whether any untrue or any alleged untrue statement
of a material fact or omission or alleged omission to state a material fact relates to information
provided by the indemnifying party, on the one hand, or by the indemnified party, on the other
hand, the intent of the parties and their relative knowledge, access to information and opportunity
to correct or prevent such untrue statement or omission. The parties agree that it would not be
just and equitable if contribution were determined by pro rata allocation (even if the Holders were
treated as one entity for such purpose) or any other method of allocation which does not take
account of the equitable considerations referred to above. Notwithstanding the provisions of this
paragraph (d), no person guilty of fraudulent misrepresentation (within the meaning of Section
11(f) of the Act) shall be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation. For purposes of this Section, each person who controls a Holder
within the meaning of either the Act or the Exchange Act and each director, officer, employee and
agent of such Holder shall have the same rights to contribution as such Holder, and each person who
controls the Company within the meaning of either the Act or the Exchange Act, each officer of the
Company who shall have signed the Registration Statement and each director of the Company shall
have the same rights to contribution as the Company, subject in each case to the applicable terms
and conditions of this paragraph (d).

     (e) The provisions of this Section 7 shall remain in full force and effect, regardless of any
investigation made by or on behalf of any Holder or the Company or any of the officers,

16

 

directors or controlling persons referred to in this Section 7, and shall survive the sale by
a Holder of securities covered by a Registration Statement.

     8. Underwritten Registrations. (a) If any of the Notes covered by any Shelf
Registration Statement are to be sold in an underwritten offering, the Managing Underwriters shall
be selected by the Majority Holders, subject to the reasonable approval of the Company.

     (b) No Holder may participate in any underwritten offering pursuant to any Shelf Registration
Statement, unless such Holder (i) agrees to sell such Holder’s Notes on the basis reasonably
provided in any underwriting arrangements approved by the persons entitled hereunder to approve
such arrangements, and (ii) completes and executes all questionnaires, powers of attorney,
indemnities, underwriting agreements and other documents reasonably required under the terms of
such underwriting arrangements.

     9. No Inconsistent Agreements. The Company has not, as of the date hereof, entered
into, nor shall it on or after the date hereof, enter into, any agreement with respect to any of
its securities that is inconsistent with the rights granted to the Holders herein or that otherwise
conflicts with the provisions hereof.

     10. Amendments and Waivers. The provisions of this Agreement, including the provisions
of this sentence, may not be amended, qualified, modified or supplemented, and waivers or consents
to departures from the provisions hereof may not be given, unless the Company has obtained the
written consent of the Majority Holders (or, after the consummation of any Registered Exchange
Offer in accordance with Section 2 hereof, the Holders of a majority in the aggregate principal
amount of the Exchange Notes); provided that, with respect to any matter that directly or
indirectly affects the rights of the Initial Purchasers hereunder, the Company shall obtain the
written consent of the Initial Purchasers against which such amendment, qualification, supplement,
waiver or consent is to be effective. Notwithstanding the foregoing, a waiver or consent to
departure from the provisions hereof with respect to a matter that relates exclusively to the
rights of Holders whose securities are being sold pursuant to a Registration Statement and that
does not directly or indirectly affect the rights of other Holders may alternatively be given by
the Majority Holders of the Notes or Exchange Notes, as the case may be, being sold rather than
registered under such Registration Statement.

     11. Notices. All notices and other communications provided for or permitted hereunder
shall be made in writing by hand-delivery, first-class mail, telex, telecopier or air courier
guaranteeing overnight delivery:

     (a) if to a Holder, at the most current address given by such Holder to the Company in
accordance with the provisions of this Section 11, which address initially is, with respect to each
Holder, the address of such Holder maintained by the Registrar under the Indenture, with a copy in
like manner to you;

     (b) if to you, initially at the address set forth in this Agreement; and

     (c) if to the Company, initially at the Company’s address set forth in the Purchase Agreement.

     All such notices and communications shall be deemed to have been duly given when received.

17

 

     Each party hereto by notice to the other parties may designate additional or different
addresses of such party for subsequent notices or communications.

     12. Successors. This Agreement shall inure to the benefit of and be binding upon the
successors and assigns of each of the parties, including, without the need for an express
assignment or any consent by the Company thereto, subsequent Holders of Notes and Exchange Notes.
The Company hereby agrees to extend the benefits of this Agreement to any Holder of Notes and
Exchange Notes.

     13. Counterparts. This Agreement may be signed in counterparts, each of which shall be
deemed an original and all of which together shall constitute one and the same agreement.

     14. Headings. The headings used herein are for convenience only and shall not affect
the construction hereof.

     15. Applicable Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of New York applicable to contracts made and to be performed in the
State of New York.

     16. Severability. In the event that any one or more of the provisions contained
herein, or the application thereof in any circumstances, is held invalid, illegal or unenforceable
in any respect for any reason, the validity, legality and enforceability of any such provision in
every other respect and of the remaining provisions hereof shall not be in any way impaired or
affected thereby, it being intended that all of the rights and privileges of the parties shall be
enforceable to the fullest extent permitted by law.

     17. Securities Held by the Company, etc. Whenever the consent or approval of Holders
of a specified percentage of principal amount of Notes or Exchange Notes is required hereunder,
Notes or Exchange Notes, as applicable, held by the Company or any of its Affiliates shall not be
counted in determining whether such consent or approval was given by the Holders of such required
percentage.

     18. Termination. This Agreement and the obligations of the parties hereunder shall
terminate upon the expiration of the Shelf Registration Period, except for any liabilities or
obligations under Sections 2(e), 3(b), 6 and 7 hereof and the obligations to make payments of and
provide for additional interest under Section 5 hereof to the extent such damages accrue prior to
the end of the Shelf Registration Period, each of which shall remain in effect in accordance with
its terms.

18

 

     If the foregoing is in accordance with your understanding of our agreement, please sign and
return to us the enclosed duplicate hereof, whereupon this letter and your acceptance shall
represent a binding agreement among the Company and the Initial Purchasers.

	 	 	 	 	 	 	 
	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 
	 	 	GATX Financial Corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ William J. Hasek	 	 
	 

	 	 	 	 	 	 
	 	 	Name: William J. Hasek

Title: Vice President & Treasurer	 	 

The foregoing Agreement is hereby confirmed and accepted as of the date first above written.

	 	 	 	 	 	 	 
	By: 	Citigroup Global Markets Inc. as Initial Purchaser
	 
	 	 	 	 	 	 
	By: 	/s/ Michael Canmann	 	 
	 	 	 	 	 
	 	Name: Michael Canmann	 	 
	 	Title: Managing Director	 	 
	 
	 	 	 	 	 	 
	By: 	Banc of America Securities LLC, as Initial Purchaser
	 
	 	 	 	 	 	 
	By: 	/s/ Isaac Osaki	 	 
	 	 	 	 	 
	 	Name: Isaac Osaki	 	 
	 	Title: Principal	 	 

19

 

ANNEX A

     Each Broker-Dealer that receives Exchange Notes for its own account pursuant to the Registered
Exchange Offer must acknowledge that it will deliver a prospectus in connection with any resale of
such Exchange Notes. The Letter of Transmittal states that by so acknowledging and by delivering a
prospectus, a Broker-Dealer will not be deemed to admit that it is an “underwriter” within the
meaning of the Act. This Prospectus, as it may be amended or supplemented from time to time, may
be used by a Broker-Dealer in connection with resales of Exchange Notes received in exchange for
Notes where such Notes were acquired by such Broker-Dealer as a result of market-making activities
or other trading activities. The Company has agreed that, starting on the Expiration Date (as
defined herein) and ending on the close of business 180 days after the Expiration Date, it will
make this Prospectus available to any Broker-Dealer for use in connection with any such resale.
See “Plan of Distribution.”

20

 

ANNEX B

     Each Broker-Dealer that receives Exchange Notes for its own account in exchange for Notes, where
such Notes were acquired by such Broker-Dealer as a result of market-making activities or other
trading activities, must acknowledge that it will deliver a prospectus in connection with any
resale of such Exchange Notes. See “Plan of Distribution.”

21

 

ANNEX C

PLAN OF DISTRIBUTION

     Each Broker-Dealer that receives Exchange Notes for its own account pursuant to the Registered
Exchange Offer must acknowledge that it will deliver a prospectus (the “Prospectus”) in connection
with any resale of such Exchange Notes. This Prospectus, as it may be amended or supplemented from
time to time, may be used by a Broker-Dealer in connection with resales of Exchange Notes received
in exchange for Notes where such Notes were acquired as a result of market-making activities or
other trading activities. The Company has agreed that, starting on the Expiration Date and ending
on the close of business 180 days after the Expiration Date, they will make this Prospectus, as
amended or supplemented, available to any Broker-Dealer for use in connection with any such resale.

     The Company will not receive any proceeds from any sale of Exchange Notes by Broker-Dealers.
Exchange Notes received by Broker-Dealers for their own account pursuant to the Registered Exchange
Offer may be sold from time to time in one or more transactions in the over-the-counter market, in
negotiated transactions, through the writing of options on the Exchange Notes or a combination of
such methods of resale, at market prices prevailing at the time of resale, at prices related to
such prevailing market prices or negotiated prices. Any such resale may be made directly to
purchasers or to or through brokers or dealers who may receive compensation in the form of
commissions or concessions from any such Broker-Dealer and/or the purchasers of any such Exchange
Notes. Any Broker-Dealer that resells Exchange Notes that were received by it for its own account
pursuant to the Registered Exchange Offer and any broker or dealer that participates in a
distribution of such Exchange Notes may be deemed to be an “underwriter” within the meaning of the
Act and any profit of any such resale of Exchange Notes and any commissions or concessions received
by any such persons may be deemed to be underwriting compensation under the Act. The Letter of
Transmittal states that by acknowledging that it will deliver and by delivering a prospectus, a
Broker-Dealer will not be deemed to admit that it is an “underwriter” within the meaning of the
Act.

     For a period of 180 days after the Expiration Date, the Company shall promptly send additional
copies of this Prospectus and any amendment or supplement to this Prospectus to any Broker-Dealer
that requests such documents in the Letter of Transmittal. The Company has agreed to pay all
expenses incident to the Registered Exchange Offer other than commissions or concessions of any
brokers or dealers and will indemnify the holders of the Notes (including any Broker-Dealers)
against certain liabilities, including liabilities under the Act.

[If applicable, add information required by Items 507 and 508 of Regulation S-K.]

22

 

ANNEX D

Rider A

[ ] CHECK HERE IF YOU ARE A BROKER-DEALER WHO HOLDS NOTES ACQUIRED AS A RESULT OF MARKET MAKING
OR OTHER TRADING ACTIVITIES AND WISH TO RECEIVE 10 ADDITIONAL COPIES OF THE PROSPECTUS AND 10
COPIES OF ANY AMENDMENTS OR SUPPLEMENTS THERETO FOR USE IN CONNECTION WITH RESALES OF EXCHANGE
NOTES RECEIVED IN EXCHANGE FOR SUCH NOTES.

	 	 	 	 	 	 	 
	 

	 	Name:
	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Address:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 

Rider B

If the undersigned is not a Broker-Dealer, the undersigned represents that it acquired the Exchange
Notes in the ordinary course of its business, it is not engaged in, and does not intend to engage
in, a distribution of Exchange Notes and it has no arrangements or understandings with any person
to participate in a distribution of the Exchange Notes. If the undersigned is a Broker-Dealer that
will receive Exchange Notes for its own account in exchange for Notes, it represents that the Notes
to be exchanged for Exchange Notes were acquired by it as a result of market-making activities or
other trading activities and acknowledges that it will deliver a prospectus in connection with any
resale of such Exchange Notes; however, by so acknowledging and by delivering a prospectus, the
undersigned will not be deemed to admit that it is an “underwriter” within the meaning of the Act.

23exv10w1

 

CONFORMED COPY

  

AMENDED AND RESTATED

CREDIT AGREEMENT

among

AMERUS GROUP CO.,

VARIOUS LENDING INSTITUTIONS,

BANK OF AMERICA, N.A.,

CITIBANK, N.A.

and

THE BANK OF NEW YORK

as CO-SYNDICATION AGENTS

and

JPMORGAN CHASE BANK, N.A.

as ADMINISTRATIVE
AGENT

 

Dated as of June 16, 2006

 

  

J.P. MORGAN SECURITIES INC,

as SOLE LEAD ARRANGER AND SOLE BOOKRUNNER

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	SECTION 1. Amount and Terms of Credit
	 	 	1	 
	 
	1.01 Commitments
	 	 	1	 
	1.02 Minimum Amount of Each Borrowing; Maximum Number of
Borrowings
	 	 	1	 
	1.03 Notice of Borrowing
	 	 	2	 
	1.04 Disbursement of Funds
	 	 	2	 
	1.05 Notes
	 	 	3	 
	1.06 Conversions
	 	 	3	 
	1.07 Pro Rata Borrowings
	 	 	4	 
	1.08 Interest
	 	 	4	 
	1.09 Interest Periods
	 	 	5	 
	1.10 Increased Costs, Illegality, etc.
	 	 	6	 
	1.11 Compensation
	 	 	8	 
	1.12 Change of Lending Office
	 	 	8	 
	1.13 Incremental Commitments
	 	 	8	 
	1.14 Replacement of Banks
	 	 	9	 
	1A.01 Letters of Credit
	 	 	10	 
	1A.02 Letter of Credit Requests
	 	 	12	 
	1A.03 Agreement to Repay Letter of Credit Drawings
	 	 	12	 
	1A.05 Increased Costs
	 	 	15	 
	1A.06 Letter of Credit Expiration Extensions
	 	 	16	 
	1A.07 Changes to Stated Amount
	 	 	16	 
	 
	SECTION 2. Fees; Commitments
	 	 	16	 
	 
	2.01 Fees
	 	 	16	 
	2.02 Voluntary Reduction of Commitments
	 	 	17	 
	2.03 Mandatory Reduction of Commitments
	 	 	17	 
	 
	SECTION 3. Payments
	 	 	18	 
	 
	3.01 Voluntary Prepayments
	 	 	18	 
	3.02 Mandatory Repayments
	 	 	18	 
	3.03 Method and Place of Payment
	 	 	18	 
	3.04 Net Payments
	 	 	19	 
	 
	SECTION 4. Conditions Precedent
	 	 	21	 
	 
	4.01 Conditions Precedent to the Restatement Effective Date
	 	 	21	 
	4.02 Conditions Precedent to All Loans
	 	 	23	 
	 
	SECTION 5. Representations, Warranties and Agreements
	 	 	24	 
	 
	5.01 Corporate Status
	 	 	24	 
	5.02 Corporate Power and Authority
	 	 	24	 
	5.03 No Contravention of Laws, Agreements or Organizational Documents
	 	 	25	 
	5.04 Litigation and Contingent Liabilities
	 	 	25	 
	5.05 Use of Proceeds; Margin Regulations
	 	 	25	 

(i)

 

	 	 	 	 	 
	 	 	Page	 
	5.06 Approvals
	 	 	25	 
	5.07 Investment Company Act
	 	 	26	 
	5.08 [Intentionally Omitted]
	 	 	26	 
	5.09 True and Complete Disclosure; Projections and Assumptions
	 	 	26	 
	5.10 Financial Condition; Financial Statements
	 	 	26	 
	5.11 Tax Returns and Payments
	 	 	26	 
	5.12 Compliance with ERISA
	 	 	27	 
	5.13 Material Subsidiaries
	 	 	28	 
	5.14 Intellectual Property, etc.
	 	 	28	 
	5.15 Capitalization
	 	 	28	 
	5.16 Indebtedness
	 	 	28	 
	5.17 Compliance with Statutes, etc.
	 	 	28	 
	5.18 Insurance Licenses
	 	 	29	 
	5.19 Insurance Business
	 	 	29	 
	5.20 Reinsurance
	 	 	29	 
	 
	SECTION 6. Affirmative Covenants
	 	 	29	 
	 
	6.01 Information Covenants
	 	 	29	 
	6.02 Books, Records and Inspections
	 	 	32	 
	6.03 Insurance
	 	 	33	 
	6.04 Payment of Taxes
	 	 	33	 
	6.05 Corporate Franchises
	 	 	33	 
	6.06 Compliance with Statutes, etc.
	 	 	33	 
	6.07 ERISA
	 	 	33	 
	6.08 Performance of Obligations
	 	 	34	 
	6.09 Good Repair
	 	 	35	 
	6.10 End of Fiscal Years; Fiscal Quarters
	 	 	35	 
	6.11 Maintenance of Licenses and Permits
	 	 	35	 
	 
	SECTION 7. Negative Covenants
	 	 	35	 
	 
	7.01 Changes in Business
	 	 	35	 
	7.02 Consolidation, Merger, Sale or Purchase of Assets, etc.
	 	 	35	 
	7.03 Liens
	 	 	37	 
	7.04 Indebtedness
	 	 	39	 
	7.05 Issuance of Stock
	 	 	41	 
	7.06 [Intentionally Omitted]
	 	 	41	 
	7.07 Dividends, etc.
	 	 	41	 
	7.08 Limitation on Certain Restrictions
	 	 	41	 
	7.09 Transactions with Affiliates
	 	 	42	 
	7.10 Leverage Ratio
	 	 	42	 
	7.11 [Intentionally Omitted]
	 	 	42	 
	7.12 Minimum Consolidated Net Worth
	 	 	42	 
	7.13 Minimum Risk-Based Capital
	 	 	42	 
	7.14 Foreign Pension Plans
	 	 	43	 
	 
	SECTION 8. Events of Default
	 	 	43	 
	 
	8.01 Payments
	 	 	43	 
	8.02 Representations, etc.
	 	 	43	 
	8.03 Covenants
	 	 	43	 
	8.04 Default Under Other Agreements
	 	 	43	 
	8.05 Bankruptcy, etc.
	 	 	43	 

(ii)

 

	 	 	 	 	 
	 	 	Page	 
	8.06 ERISA
	 	 	44	 
	8.07 Judgments
	 	 	45	 
	8.08 Revocation of Insurance License
	 	 	45	 
	8.09 Ownership
	 	 	45	 
	 
	SECTION 9. Definitions
	 	 	46	 
	 
	SECTION 10. The Administrative Agent
	 	 	61	 
	 
	10.01 Appointment
	 	 	61	 
	10.02 Delegation of Duties
	 	 	62	 
	10.03 Exculpatory Provisions
	 	 	62	 
	10.04 Reliance by Administrative Agent
	 	 	62	 
	10.05 Notice of Default
	 	 	63	 
	10.06 Non-Reliance
	 	 	63	 
	10.07 Indemnification
	 	 	63	 
	10.08 The Administrative Agent in its Individual Capacity
	 	 	64	 
	10.09 Successor Administrative Agent
	 	 	64	 
	10.10 Co-Syndication Agents
	 	 	64	 
	 
	SECTION 11. Miscellaneous
	 	 	65	 
	 
	11.01 Payment of Expenses, etc.
	 	 	65	 
	11.02 Right of Setoff
	 	 	65	 
	11.03 Notices
	 	 	66	 
	11.04 Benefit of Agreement
	 	 	66	 
	11.05 No Waiver; Remedies Cumulative
	 	 	68	 
	11.06 Payments Pro Rata
	 	 	68	 
	11.07 Calculations; Computations
	 	 	69	 
	11.08 GOVERNING LAW; SUBMISSION TO JURISDICTION; VENUE
	 	 	69	 
	11.09 Counterparts
	 	 	70	 
	11.10 Effectiveness
	 	 	70	 
	11.11 Headings Descriptive
	 	 	70	 
	11.12 Amendment or Waiver
	 	 	70	 
	11.13 Survival
	 	 	71	 
	11.14 Domicile of Loans
	 	 	71	 
	11.15 Confidentiality
	 	 	72	 
	11.16 WAIVER OF JURY TRIAL
	 	 	73	 
	11.17 Register
	 	 	73	 
	11.18 [Intentionally Omitted]
	 	 	74	 
	11.19 Unrestricted Subsidiaries
	 	 	74	 
	11.20 USA Patriot Act
	 	 	74	 
	11.21 Restatement of Prior Credit Agreement
	 	 	74	 

(iii)

 

 
	 	 	 	 	 
	 	 	Page	 

ANNEX I              List of Banks and Commitments

ANNEX II            Plans

ANNEX III           Material Subsidiaries

ANNEX IV           Capitalization

ANNEX V             Indebtedness

ANNEX VI            Insurance Licenses

ANNEX VII          Reinsurance

ANNEX VIII         Liens

EXHIBIT A           Form of Notice of Borrowing

EXHIBIT B            Form of Note

EXHIBIT C            Form of Letter of Credit Request

EXHIBIT D            Form of Section 3.04(b)(ii) Certificate

EXHIBIT E            Form of Opinion of Christopher J. Littlefield, Esq.

EXHIBIT F-1         Form of Officer’s Certificate

EXHIBIT F-2         Form of Secretary’s Certificate

EXHIBIT G            Form of Assignment and Assumption Agreement

EXHIBIT H            Form of Incremental Commitment Agreement

(iv)

 

          AMENDED AND RESTATED CREDIT AGREEMENT, dated as of June 16, 2006, among AMERUS GROUP CO., an
Iowa corporation (the “Borrower”), the lending institutions listed from time to time on Annex I
hereto (each a “Bank” and, collectively, the “Banks”), BANK OF AMERICA, N.A., CITIBANK, N.A. and
THE BANK OF NEW YORK, as Co-Syndication Agents, and JPMORGAN CHASE BANK, N.A. as Administrative
Agent (the “Administrative Agent”). Unless otherwise defined herein, all capitalized terms used
herein and defined in Section 9 are used herein as so defined.

W
 I T N E S S E T H:

          WHEREAS, the Borrower, the lending institutions party thereto, the Co-Documentation Agents
party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, are party to a Credit
Agreement, dated as of December 8, 2003 (as amended, modified and supplemented to but excluding the
date hereof, the “Prior Credit Agreement”);

          WHEREAS, the parties hereto desire to amend and restate the Prior Credit Agreement to, among
other things, (i) increase the initial Total Commitment from $200,000,000 to $300,000,000, (ii)
provide for an uncommitted incremental commitment of up to $100,000,000 and (iii) amend the loan
pricing and certain covenants; and

          WHEREAS, subject to and upon the terms and conditions set forth herein, the parties hereto
agreed to amend and restate the Prior Credit Agreement, and the Banks are willing to make available
to the Borrower the credit facility, in each case on the terms provided for herein.

          NOW, THEREFORE, IT IS AGREED:

          SECTION
1. Amount and Terms of Credit.

          1.01 Commitments. Subject to and upon the terms and conditions set forth herein,
each Bank severally agrees, at any time and from time to time on and after the Restatement
Effective Date and prior to the Maturity Date, to make a loan or loans (each, a “Loan” and,
collectively, the “Loans”) to the Borrower, which Loans (i) shall, at the option of the Borrower,
be Base Rate Loans or Eurodollar Loans, provided that except as otherwise specifically
provided in Section 1.10(b), all Loans comprising the same Borrowing shall at all times be of the
same Type, (ii) may be repaid and reborrowed at any time in accordance with the provisions hereof,
(iii) shall have an aggregate principal amount at any time outstanding which, when added to such
Bank’s Percentage of the aggregate amount of all Letter of Credit Outstandings (exclusive of Unpaid
Drawings which are repaid with the proceeds of, and simultaneously with the incurrence of, the
respective incurrence of Loans at such time), does not exceed for any Bank that amount which equals
the Commitment of such Bank at such time, and (iv) shall have an aggregate principal amount at any
time outstanding which, when added to all Letter of Credit Outstandings at such time, does not
exceed for all Banks that amount which equals the Total Commitment at such time.

          1.02 Minimum Amount of Each Borrowing; Maximum Number of Borrowings. The aggregate principal amount of each Borrowing hereunder shall not be less than
$5,000,000 and, if in excess thereof, shall be in an integral multiple of $1,000,000. More than
one

 

 

Borrowing may be incurred on any day; provided that at no time shall there be
outstanding more than six Borrowings of Eurodollar Loans.

          1.03 Notice of Borrowing. (a) In connection with its incurrence of Loans on any
Business Day, including the Restatement Effective Date, the Borrower shall give the Administrative
Agent at its Notice Office, at least three Business Days’ prior written notice (or telephonic
notice promptly confirmed in writing) of each Eurodollar Loan or written notice (or telephonic
notice promptly confirmed in writing) on the day of such Borrowing of each Base Rate Loan, in each
case prior to 11:00 A.M. (New York time). Such notice (the “Notice of Borrowing”), may be (x)
cancelled as expressly provided in Section 1.10 or (y) withdrawn or revoked by the Borrower by
prior written notice or telephonic notice promptly confirmed in writing) provided that the
Borrower shall be liable to pay all amounts specified in Section 1.11 as a result of such
withdrawal or revocation. Such notice, in the case of a written notice and a confirmation of
telephonic notice, shall be in the form of Exhibit A hereto, appropriately completed to specify (i)
the aggregate principal amount of the Loans to be made pursuant to such Borrowing, (ii) the date of
such Borrowing (which shall be a Business Day) and (iii) whether the respective Borrowings shall
consist of Base Rate Loans or Eurodollar Loans and, if Eurodollar Loans, the Interest Period to be
initially applicable thereto. The Administrative Agent shall promptly give each Bank written
notice (or telephonic notice promptly confirmed in writing) of each proposed Borrowing, of such
Bank’s proportionate share thereof and of the other matters covered by the Notice of Borrowing.

          (b) Without in any way limiting the obligation of the Borrower to confirm in writing any
notice it may give hereunder by telephone, the Administrative Agent may act prior to receipt of
written confirmation without liability upon the basis of such telephonic notice, believed by the
Administrative Agent in good faith to be from an Authorized Officer of the Borrower. In each such
case the Administrative Agent’s record of the terms of any such telephonic notice shall be
conclusive absent manifest error.

          1.04 Disbursement of Funds. (a) Subject to the terms and conditions herein set
forth, no later than 11:00 A.M. (New York time) on the date of each incurrence of Loans, each Bank
will make available to the Administrative Agent its pro rata share of each Borrowing requested to
be made on such date in the manner provided below.

          (b) Each Bank shall make available all amounts it is to fund under any Borrowing in U.S.
dollars and immediately available funds to the Administrative Agent at the Administrative Agent’s
Payment Office and the Administrative Agent will make available to the Borrower as promptly as
practicable by depositing to its account at the Administrative Agent’s Payment Office the aggregate
of the amounts so made available in the type of funds received. Unless the Administrative Agent
shall have been notified by any Bank prior to the date of any such Borrowing that such Bank does
not intend to make available to the Administrative Agent its portion of the Borrowing or Borrowings
to be made on such date, the Administrative Agent may assume that such Bank has made such amount available to the Administrative Agent on the date
of such Borrowing, and the Administrative Agent, in reliance upon such assumption, may (in its sole
discretion and without any obligation to do so) make available to the Borrower a corresponding
amount. If such corresponding amount is not in fact made available to the Administrative Agent by
such Bank and the Administrative Agent has made available same to

-2-

 

the Borrower, the Administrative Agent shall be entitled to recover such corresponding amount from such Bank. If such Bank does not
pay such corresponding amount forthwith upon the Administrative Agent’s demand therefor, the
Administrative Agent shall promptly notify the Borrower, and the Borrower shall pay such
corresponding amount to the Administrative Agent within two Business Days. The Administrative
Agent shall also be entitled to recover from the Bank or the Borrower, as the case may be, interest
on such corresponding amount in respect of each day from the date such corresponding amount was
made available by the Administrative Agent to the Borrower to the date such corresponding amount is
recovered by the Administrative Agent, at a rate per annum equal to (x) if paid by such Bank, the
overnight Federal Funds Effective Rate or (y) if paid by the Borrower, the then applicable rate of
interest, calculated in accordance with Section 1.08(a) or (b), as the case may be, for the
respective Loans.

          (c) Nothing in this Section 1.04 shall be deemed to relieve any Bank from its obligation to
fulfill its commitments hereunder or to prejudice any rights which the Borrower may have against
any Bank as a result of any default by such Bank hereunder.

          1.05 Notes. (a) The Borrower’s obligation to pay the principal of, and interest on,
all the Loans made to it by each Bank shall be evidenced by a promissory note substantially in the
form of Exhibit B with blanks appropriately completed in conformity herewith (each a “Note” and
collectively, the “Notes”).

          (b) The Note issued to each Bank shall (i) be executed by the Borrower, (ii) be payable to the
order of such Bank and be dated the Restatement Effective Date (or if issued after the Restatement
Effective Date, be dated the date of the issuance thereof), (iii) be in a stated principal amount
equal to the Commitment of such Bank and be payable in a principal amount equal to the amount of
the Loans made by such Bank and which are outstanding from time to time, (iv) mature on the
Maturity Date, (v) bear interest as provided in the appropriate clause of Section 1.08 in respect
of the Base Rate Loans and Eurodollar Loans, as the case may be, evidenced thereby, (vi) be subject
to voluntary prepayment as provided in Section 3.01 and mandatory repayment as provided in Section
3.02 and (vii) be entitled to the benefits of this Agreement and the other Credit Documents. Upon
receipt of an affidavit of an officer of the Bank (together with a customary indemnity from such
Bank in form and substance satisfactory to the Borrower) that a Note has been lost, stolen,
destroyed or mutilated, the Borrower will issue a replacement Note in the same principal amount
thereof and otherwise of like tender.

          (c) Each Bank will record on its internal records the amount of each Loan made by it and each
payment in respect thereof and will prior to any transfer of its Note endorse on the reverse side
thereof the outstanding principal amount of Loans evidenced thereby. Failure to make any such
notation or any error in any such notation shall not affect the Borrower’s obligations in respect
of such Loans.

          1.06 Conversions. The Borrower shall have the option to convert on any Business Day
all or a portion at least equal to $5,000,000 (and, if in excess thereof, an integral multiple of
$1,000,000) of the outstanding principal amount of the Loans of one Type into a Borrowing or
Borrowings of the other Type of Loan; provided that (i) no partial conversion of a
Borrowing of Eurodollar Loans shall reduce the outstanding principal amount of the Eurodollar Loans
pursuant to such Borrowing to less than $5,000,000, (ii) Base Rate Loans may only be

-3-

 

converted into Eurodollar Loans if no Default or Event of Default is in existence on the date of the conversion,
(iii) Borrowings of Eurodollar Loans resulting from this Section 1.06 shall be limited in number as
provided in Section 1.02, (iv) Eurodollar Loans may only be converted into Base Rate Loans on the
last day of the Interest Period applicable thereto, and (v) each such conversion shall be made pro
rata among the Loans of each Bank of the Type being converted. Each such conversion shall be
effected by the Borrower by giving the Administrative Agent at its Notice Office, prior to 11:00
A.M. (New York time), at least three Business Days’ (or one Business Day’s in the case of a
conversion into Base Rate Loans) prior written notice (or telephonic notice promptly confirmed in
writing) (each a “Notice of Conversion”) specifying the Loans to be so converted, the Type of Loans
to be converted into and, if to be converted into a Borrowing of Eurodollar Loans, the Interest
Period to be initially applicable thereto. The Administrative Agent shall give each Bank prompt
notice of any such proposed conversion affecting any of its Loans.

          1.07 Pro Rata Borrowings. All Borrowings of Loans under this Agreement shall be
incurred by the Borrower from the Banks pro rata on the basis of such Banks’
Commitments. It is understood that no Bank shall be responsible for any default by any other Bank
in its obligation to make Loans hereunder and that each Bank shall be obligated to make the Loans
provided to be made by it hereunder, regardless of the failure of any other Bank to fulfill its
commitments hereunder.

          1.08 Interest. (a) The unpaid principal amount of each Base Rate Loan shall bear
interest from the date of the Borrowing thereof until the earlier of (i) the maturity (whether by
acceleration or otherwise) of such Base Rate Loan and (ii) the conversion of such Base Rate Loan to
a Eurodollar Loan pursuant to Section 1.06, at a rate per annum which shall at all times be the
Applicable Margin then in effect for Base Rate Loans plus the Base Rate in effect from time to
time.

          (b) The unpaid principal amount of each Eurodollar Loan shall bear interest from the date of
the Borrowing thereof until the earlier of (i) the maturity (whether by acceleration or otherwise)
of such Eurodollar Loan or (ii) the conversion of such Eurodollar Loan to a Base Rate Loan pursuant
to Sections 1.06, 1.09, or 1.10(b), as applicable, at a rate per annum which shall at all times be
the Applicable Margin then in effect for Eurodollar Loans plus the relevant Eurodollar Rate for the
Interest Period applicable to such Eurodollar Loan.

          (c) Overdue principal and, to the extent permitted by law, overdue interest in respect of each
Loan and any other overdue amount payable hereunder shall bear interest at a rate per annum equal
to the Applicable Margin then in effect for Base Rate Loans plus the Base Rate in effect from time
to time plus 2%, provided that overdue principal in respect of Eurodollar Loans shall bear
interest until the end of the Interest Period applicable to such Eurodollar Loans at a rate per
annum equal to 2% in excess of the rate otherwise applicable to such Eurodollar Loans.

          (d) Interest shall accrue from and including the date of any Borrowing to but excluding the
date of any repayment thereof and shall be payable (i) in respect of each Base Rate Loan, quarterly
in arrears on the last Business Day of each calendar quarter, (ii) in respect of each Eurodollar
Loan, on the last day of each Interest Period applicable thereto and, in the case

-4-

 

of an Interest Period of six months, on the date occurring three months after the first day of such Interest
Period and (iii) in respect of each Loan, on any conversion or prepayment (on the amount so
converted or prepaid), at maturity (whether by acceleration or otherwise) and, after such maturity,
on demand.

          (e) All computations of interest hereunder shall be made in accordance with Section 11.07(b).

          (f) The Administrative Agent, upon determining the interest rate for any Borrowing of
Eurodollar Loans for any Interest Period, shall promptly notify the Borrower and the Banks thereof.

          1.09 Interest Periods. At the time the Borrower gives a Notice of Borrowing or
Notice of Conversion in respect of the making of, or conversion into, a Borrowing of Eurodollar
Loans (in the case of the initial Interest Period applicable thereto) or prior to 11:00 A.M. (New
York time) on the third Business Day prior to the expiration of an Interest Period applicable to a
Borrowing of Eurodollar Loans, it shall have the right to elect by giving the Administrative Agent
written notice (or telephonic notice promptly confirmed in writing) of the Interest Period to be
applicable to such Borrowing, which Interest Period shall, at the option of the Borrower, be a one
week period or a one, two, three or six month period. Notwithstanding anything to the contrary
contained above:

     (i) the initial Interest Period for any Borrowing of Eurodollar Loans shall
commence on the date of such Borrowing (including the date of any conversion from a
Borrowing of Base Rate Loans) and each Interest Period occurring thereafter in
respect of such Borrowing shall commence on the day on which the next preceding
Interest Period expires;

     (ii) if any Interest Period begins on a day for which there is no numerically
corresponding day in the calendar month at the end of such Interest Period, such
Interest Period shall end on the last Business Day of such calendar month;

     (iii) if any Interest Period would otherwise expire on a day which is not a
Business Day, such Interest Period shall expire on the next succeeding Business Day,
provided that if any Interest Period would otherwise expire on a day which
is not a Business Day but is a day of the month after which no further Business Day
occurs in such month, such Interest Period shall expire on the next preceding
Business Day;

     (iv) no Interest Period may be elected if it would extend beyond the Maturity
Date; and

     (v) no Interest Period may be elected at any time when a Default or Event of
Default is then in existence.

If upon the expiration of any Interest Period, the Borrower has failed, or is not permitted, to
elect a new Interest Period to be applicable to the respective Borrowing of Eurodollar Loans as

-5-

 

provided above, the Borrower shall be deemed to have elected to convert such Borrowing into a
Borrowing of Base Rate Loans effective as of the expiration date of such current Interest Period.

          1.10 Increased Costs, Illegality, etc. (a) In the event that (x) in the case of
clause (i) below, the Administrative Agent or (y) in the case of clauses (ii) and (iii) below, any
Bank shall have determined in good faith (which determination shall, absent manifest error, be
final and conclusive and binding upon all parties hereto):

     (i) on any date for determining the Eurodollar Rate for any Interest Period,
that, by reason of any changes arising after the Restatement Effective Date
affecting the interbank Eurodollar market, adequate and fair means do not exist for
ascertaining the applicable interest rate on the basis provided for in the
definition of Eurodollar Rate; or

     (ii) at any time, that such Bank shall incur increased costs or reductions in
the amounts received or receivable hereunder with respect to any Eurodollar Loans
(other than any increased cost or reduction in the amount received or receivable
resulting from the imposition of or a change in the rate of taxes or similar
charges) because of (x) any change since the Restatement Effective Date in any
applicable law, governmental rule, regulation, guideline, order or request (whether
or not having the force of law), or in the interpretation or administration thereof
and including the introduction of any new law or governmental rule, regulation,
guideline, order or request (such as, for example, but not limited to, a change in
official reserve requirements, but, in all events, excluding reserves required under
Regulation D to the extent included in the computation of the Eurodollar Rate)
and/or (y) other circumstances affecting the interbank Eurodollar market or the
position of such Bank in such market; or

     (iii) at any time, that the making or continuance of any Eurodollar Loan has
become unlawful by compliance by such Bank in good faith with any change since the
Restatement Effective Date in any law, governmental rule, regulation,
guideline or order, or the interpretation or application thereof, or would
conflict with any thereof not having the force of law but with which such Bank
customarily complies, or has become impracticable as a result of a contingency
occurring after the Restatement Effective Date which materially adversely affects
the interbank Eurodollar market;

then, and in any such event, such Bank (or the Administrative Agent in the case of clause (i)
above) shall (x) on such date and (y) within 10 Business Days of the date on which such event no
longer exists give notice (by telephone confirmed in writing) to the Borrower and to the
Administrative Agent of such determination and the reason therefor (which notice the Administrative
Agent shall promptly transmit to each of the other Banks). Thereafter (x) in the case of clause
(i) above, Eurodollar Loans shall no longer be available until such time as the Administrative
Agent notifies the Borrower and the Banks that the circumstances giving rise to such notice by the
Administrative Agent no longer exist, and any Notice of Borrowing or Notice of Conversion given by
the Borrower with respect to Eurodollar Loans which have not yet been incurred shall be deemed
rescinded by the Borrower or, in the case of a Notice of Borrowing, shall, at the

-6-

 

option of the Borrower, be deemed converted into a Notice of Borrowing for Base Rate Loans to be made on the date
of Borrowing contained in such Notice of Borrowing, (y) in the case of clause (ii) above, the
Borrower shall pay to such Bank, upon written demand therefor, such additional amounts (in the form
of an increased rate of, or a different method of calculating, interest or otherwise as such Bank
shall determine in good faith) as shall be required to compensate such Bank for such increased
costs or reductions in amounts receivable hereunder (a written notice as to the additional amounts
owed to such Bank, showing the basis for the calculation thereof, which basis shall be reasonable
and consistently applied, submitted to the Borrower by such Bank shall, absent manifest error, be
final and conclusive and binding upon all parties hereto) and (z) in the case of clause (iii)
above, the Borrower shall take one of the actions specified in Section 1.10(b) as promptly as
possible and, in any event, within the time period required by law.

          (b) At any time that any Eurodollar Loan is affected by the circumstances described in Section
1.10(a)(ii) or (iii), the Borrower may (and in the case of a Eurodollar Loan affected pursuant to
Section 1.10(a)(iii) the Borrower shall) either (i) if the affected Eurodollar Loan is then being
made pursuant to a Borrowing, by giving the Administrative Agent telephonic notice (confirmed
promptly in writing) thereof on the same date that the Borrower was notified by a Bank (or on the
next Business Day if the Borrower received such notice after 3:00 p.m. (New York time)) pursuant to
Section 1.10(a)(ii) or (iii), cancel said Borrowing, convert the related Notice of Borrowing into
one requesting a Borrowing of Base Rate Loans or require the affected Bank to make its requested
Loan as a Base Rate Loan, or (ii) if the affected Eurodollar Loan is then outstanding, upon at
least one Business Day’s notice to the Administrative Agent, require the affected Bank to convert
each such affected Eurodollar Loan into a Base Rate Loan, provided that if more than one
Bank is affected at any time, then all affected Banks must be treated the same pursuant to this
Section 1.10(b).

          (c) If any Bank shall have determined in good faith that after the Restatement Effective Date
the adoption or effectiveness of any applicable law, rule or regulation regarding capital adequacy,
or any change therein, or any change in the interpretation or administration thereof by any
governmental authority, central bank or comparable agency charged by law with the interpretation or
administration thereof, or compliance by such Bank or its parent corporation
with any request or directive regarding capital adequacy (whether or not having the force of
law) of any such authority, central bank or comparable agency, in each case made subsequent to the
Restatement Effective Date, has or would have the effect of reducing the rate of return on such
Bank’s or its parent corporation’s capital or assets as a consequence of such Bank’s commitments or
obligations hereunder to a level below that which such Bank or its parent corporation could have
achieved but for such adoption, effectiveness, change or compliance (taking into consideration such
Bank’s or its parent corporation’s policies with respect to capital adequacy), then from time to
time, upon demand by such Bank (with a copy to the Administrative Agent), the Borrower shall pay to
such Bank such additional amount or amounts as will compensate such Bank or its parent corporation
for such reduction. Each Bank, upon determining in good faith that any additional amounts will be
payable pursuant to this Section 1.10(c), will give prompt written notice thereof to the Borrower,
which notice shall set forth the basis of the calculation of such additional amounts, which basis
must be reasonable and consistently applied, although the failure to give any such notice shall not
release or diminish any of the Borrower’s obligations to pay additional amounts pursuant to this
Section 1.10(c) upon the subsequent receipt of such notice.

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          1.11 Compensation. The Borrower shall compensate each Bank, upon its written request
(which request shall set forth the basis for requesting such compensation), for all reasonable
losses, expenses and liabilities (including, without limitation, any loss, expense or liability
incurred by reason of the liquidation or reemployment of deposits or other funds required by such
Bank to fund its Eurodollar Loans but excluding any loss of anticipated profit with respect to such
Loans) which such Bank may sustain: (i) if for any reason (other than a default by such Bank or
the Administrative Agent) a Borrowing of Eurodollar Loans does not occur on a date specified
therefor in a Notice of Borrowing or Notice of Conversion (whether or not withdrawn by the Borrower
or deemed withdrawn pursuant to Section 1.10(a)); (ii) if any repayment, prepayment or conversion
of any of its Eurodollar Loans occurs on a date which is not the last day of an Interest Period
applicable thereto; (iii) if any prepayment of any of its Eurodollar Loans is not made on any date
specified in a notice of prepayment given by the Borrower; or (iv) as a consequence of (x) any
other failure by the Borrower to repay its Loans when required by the terms of this Agreement or
(y) an election made pursuant to Section 1.10(b).

          1.12 Change of Lending Office. Each Bank agrees that, upon the occurrence of any
event giving rise to the operation of Section 1.10(a)(ii) or (iii) or 3.04 with respect to such
Bank, it will, if requested by the Borrower, use reasonable efforts (subject to overall policy
considerations of such Bank) to designate another lending office for any Loans affected by such
event; provided that such designation is made on such terms that, in the opinion of such
Bank, such Bank and its lending office suffer no economic, legal or regulatory disadvantage, with
the object of avoiding the consequence of the event giving rise to the operation of any such
Section. Nothing in this Section 1.12 shall affect or postpone any of the obligations of the
Borrower or the right of any Bank provided in Section 1.10 or 3.04.

          1.13 Incremental Commitments.

          (a) So long as the Incremental Commitment Request Requirements are satisfied at the time of
the delivery of the request referred to below, the Borrower shall have the right, with the consent
of, and in coordination with, the Administrative Agent, but without requiring the consent of any of
the Banks (save as provided in Section 1.13(b) below), to request at any time and from time to
time after the Restatement Effective Date and prior to the Maturity Date, that one or more Banks
(and/or one or more other banks or financial institutions which are acceptable to each of the
Administrative Agent and the Borrower (each an “Eligible Transferee”) and which will become Banks
as provided below) provide Incremental Commitments and, subject to the applicable terms and
conditions contained in this Agreement, make Loans pursuant thereto; it being understood and
agreed, however, that (i) no Bank shall be obligated to provide an Incremental Commitment as a
result of any such request by the Borrower, and until such time, if any, as such Bank has agreed in
its sole discretion to provide an Incremental Commitment and executed and delivered to the
Administrative Agent an Incremental Commitment Agreement in respect thereof as provided in Section
1.13(b), such Bank shall not be obligated to fund any Loans in excess of its Commitment as in
effect prior to giving effect to such Incremental Commitment provided pursuant to Section 1.13(b)
below, (ii) any Bank (including any Eligible Transferee who will become a Bank) may so provide an
Incremental Commitment without the consent of any other Bank, (iii) each provision of Incremental
Commitments on a given date pursuant to Section 1.13(b) below shall be in a minimum aggregate
amount (for all Banks (including any Eligible Transferee who will become a Bank)) of at least
$25,000,000 and in

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integral multiples of $5,000,000 in excess thereof, (iv) the aggregate amount of
all Incremental Commitments provided pursuant to Section 1.13(b) below, shall not exceed
$100,000,000 and (v) all Loans made pursuant to Incremental Commitments (and all interest, fees and
other amounts payable thereon) shall be Obligations under this Agreement and the other applicable
Credit Documents.

          (b) At the time of the provision of Incremental Commitments pursuant to this Section 1.13, the
Borrower, the Administrative Agent and each such Bank or other Eligible Transferee which agrees to
provide an Incremental Commitment (each, an “Incremental Bank”) shall execute and deliver to the
Administrative Agent an Incremental Commitment Agreement, with the effectiveness of such
Incremental Bank’s Incremental Commitment to occur on the date (the “Incremental Loan Commitment
Date”) set forth in such Incremental Commitment Agreement, which date in any event shall be no
earlier than the date on which (w) all fees required to be paid in connection therewith at the time
of such effectiveness shall have been paid (including, without limitation, any agreed upon up-front
or arrangement fees owing to the Administrative Agent (or any affiliate thereof)), (x) all
Incremental Loan Commitment Requirements are satisfied, (y) all other conditions set forth in this
Section 1.13(b) shall have been satisfied, and (z) all other conditions precedent that may be set
forth in such Incremental Commitment Agreement shall have been satisfied. The Administrative Agent
shall promptly notify each Bank as to the effectiveness of each Incremental Commitment Agreement,
and at such time, (i) the Total Commitment under, and for all purposes of, this Agreement shall be
increased by the aggregate amount of such Incremental Commitments, (ii) Annex I shall be deemed
modified to reflect the revised Commitments of the affected Banks and (iii) to the extent requested
by any Incremental Bank, Notes will be issued, at the Borrowers’ expense, to such Incremental Bank
in conformity with the requirements of Section 1.05 herein.

          (c) At the time of any provision of Incremental Commitments pursuant to this Section 1.13, the
Borrower shall, in coordination with the Administrative Agent, repay outstanding Loans of certain
of the Banks, and incur additional Loans from certain other Banks (including the Incremental
Banks), in each case to the extent necessary so that all of the Banks participate in each
outstanding Borrowing of Loans pro rata on the basis of their respective
Commitments (after giving effect to any increase in the Total Commitment pursuant to this Section
1.13 above) and with the Borrower being obligated to pay to the respective Banks any costs of the
type referred to in Section 1.11 herein in connection with any such repayment and/or Borrowing.

          1.14 Replacement of Banks. (x) If any Bank becomes a Defaulting Bank, (y) upon the
occurrence of any event giving rise to the operation of Section 1.10(a)(ii) or (iii), Section
1.10(c), Section 3.04 or Section 1A.05 with respect to any Bank which results in such Bank charging
to the Borrower increased costs in excess of those being generally charged by the other Banks or
(z) in the case of a refusal by a Bank to consent to a proposed change, waiver, discharge or
termination with respect to this Agreement which has been approved by the Super-Majority Banks as
(and to the extent) provided in Section 11.12(b), the Borrower shall have the right, in accordance
with Section 11.04(b), if no Default or Event of Default then exists or would exist after giving
effect to such replacement, to replace such Bank (the “Replaced Bank”) with one or more
other Persons as permitted by Section 11.04(b), none of whom shall constitute a Defaulting Bank at
the time of such replacement (collectively, the “Replacement Bank”) and

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each of which shall
be reasonably acceptable to the Administrative Agent and each Issuing Bank provided that:

          (a) at the time of any replacement pursuant to this Section 1.14, the Replacement Bank shall
enter into one or more Assignment and Assumption Agreements pursuant to Section 11.04(b) (and with
all fees payable pursuant to said Section 11.04(b) to be paid by the Replacement Bank and/or the
Replaced Bank (as may be agreed to at such time by and among the Borrower, the Replacement Bank and
the Replaced Bank)) pursuant to which the Replacement Bank shall acquire all of the Commitments and
outstanding Loans of, and all participations in Letters of Credit by, the Replaced Bank and, in
connection therewith, shall pay to (x) the Replaced Bank in respect thereof an amount equal to the
sum of (A) an amount equal to the principal of, and all accrued interest on, all outstanding Loans
of the respective Replaced Bank, (B) an amount equal to all Unpaid Drawings that have been funded
by (and not reimbursed to) such Replaced Bank, together with all then unpaid interest with respect
thereto at such time and (C) an amount equal to all accrued, but theretofore unpaid, Fees owing to
the Replaced Bank pursuant to Section 2.01 and (y) each Issuing Bank an amount equal to such
Replaced Bank’s Percentage of any Unpaid Drawing relating to Letters of Credit issued by such
Issuing Bank (which at such time remains an Unpaid Drawing) to the extent such amount was not
theretofore funded by such Replaced Bank; and

          (b) all obligations of the Borrower then owing to the Replaced Bank (other than those (x)
specifically described in clause (a) above in respect of which the assignment purchase price has
been, or is concurrently being, paid, but including all amounts, if any, owing under Section 1.11
or (y) relating to any Loans and/or Commitments of the respective Replaced
Bank which will remain outstanding after giving effect to the respective replacement) shall be
paid in full to such Replaced Bank concurrently with such replacement.

          Upon receipt by the Replaced Bank of all amounts required to be paid to it pursuant to this
Section 1.14, the Administrative Agent shall be entitled (but not obligated) and authorized to
execute an Assignment and Assumption Agreement on behalf of such Replaced Bank, and any such
Assignment and Assumption Agreement so executed by the Administrative Agent and the Replacement
Bank shall be effective for purposes of this Section 1.11 and Section 11.04. Upon the execution of
the respective Assignment and Assumption Agreement, the payment of amounts referred to in clauses
(a) and (b) above, recordation of the assignment on the Register by the Administrative Agent
pursuant to Section 11.17 and, if so requested by the Replacement Bank, delivery to the Replacement
Bank of the appropriate Note or Notes executed by the Borrower, (x) the Replacement Bank shall
become a Bank hereunder and, unless the respective Replaced Bank continues to have outstanding
Loans and/or a Commitment hereunder, the Replaced Bank shall cease to constitute a Bank hereunder,
except with respect to indemnification provisions under this Agreement which shall survive as to
such Replaced Bank, and the Percentages of the Banks shall be automatically adjusted at such time
to give effect to such replacement.

          SECTION 1A. Letters of Credit.

          1A.01 Letters of Credit. (a) Subject to and upon the terms and conditions set forth
herein, the Borrower may request the Issuing Bank, at any time and from time to time after

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the Restatement Effective Date and prior to the date which is 30 days prior to the Maturity Date, to
issue on behalf of the Banks, for the account of the Borrower and in support of, on a standby
basis, Letter of Credit Supportable Obligations and, subject to and upon the terms and conditions
set forth herein, the Issuing Bank agrees to issue at any time and from time to time after the
Restatement Effective Date and prior to the date which is 30 days prior to the Maturity Date, one
or more irrevocable standby letters of credit in such form as may be approved by the Issuing Bank
(each such letter of credit, a “Letter of Credit” and, collectively, the “Letters of Credit”).
Notwithstanding the foregoing, the Issuing Bank shall be under no obligation to issue any Letter of
Credit if at the time of such issuance:

     (i) any order, judgment or decree of any Governmental Authority or arbitrator
shall purport by its terms to enjoin or restrain the Issuing Bank from issuing such
Letter of Credit or any requirement of law applicable to such Issuing Bank or any
Bank or any request or directive (whether or not having the force of law) from any
Governmental Authority with jurisdiction over the Issuing Bank or any Bank shall
prohibit, or request that the Issuing Bank or any Bank refrain from, the issuance of
letters of credit generally or such Letter of Credit in particular or shall impose
upon the Issuing Bank or any Bank with respect to such Letter of Credit any
restriction or reserve or capital requirement (for which the Issuing Bank or any
Bank is not otherwise compensated) not in effect on the Restatement Effective Date,
or any unreimbursed loss, cost or expense which was not
applicable, in effect or known to the Issuing Bank or any Bank as of the
Restatement Effective Date;

     (ii) the conditions precedent set forth in Section 4.02 are not satisfied at
that time; or

     (iii) the Issuing Bank shall have received notice from the Borrower or the
Required Banks prior to the issuance of such Letter of Credit of the type described
in clause (v) of Section 1A.01(b).

In the case of clauses (i), (ii) or (iii), the Issuing Bank shall use commercially reasonable
efforts to provide notice of any such event to the Borrower and to the Administrative Agent;
provided that the failure to provide any such notice shall not affect the obligation of the
Issuing Bank to issue any Letter of Credit.

          (b) Notwithstanding anything to the contrary contained in this Section 1A.01 or elsewhere in
this Agreement (i) no Letter of Credit shall be issued the Stated Amount of which, when added to
(x) the Letter of Credit Outstandings (exclusive of Unpaid Drawings which are repaid on the date
of, and prior to the issuance of, the respective Letter of Credit) at such time and (y) the
aggregate principal amount of all Loans then outstanding, would exceed an amount equal to the Total
Commitment at such time; (ii) no Letter of Credit shall be issued the Stated Amount of which, when
added to the Letter of Credit Outstandings (exclusive of Unpaid Drawings which are repaid on the
date of, and prior to the issuance of, the respective Letter of Credit) at such time, exceeds
$20,000,000, (iii) each Letter of Credit shall have an expiry date occurring not later than one
year after such Letter of Credit’s date of issuance (but in no event later than five Business Days
prior to the Maturity Date); provided that each such Letter of

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Credit may by its terms automatically renew annually for one additional year unless the Issuing Bank notifies the
beneficiary thereof, in accordance with the terms of such Letter of Credit, that such Letter of
Credit will not be renewed; (iv) each Letter of Credit shall be denominated in Dollars; and (v) the
Issuing Bank will not issue any Letter of Credit after it has received written notice from the
Borrower or the Required Banks stating that a Default or an Event of Default exists until such time
as the Issuing Bank shall have received a written notice of (x) rescission of such notice from the
party or parties originally delivering the same or (y) a waiver of such Default or Event of Default
by the Required Banks (or, to the extent provided by Section 11.12, each of the Banks).

          (c) Each Letter of Credit will be issued by the Issuing Bank and each Bank will participate in
each Letter of Credit in accordance with Section 1A.04.

          (d) Notwithstanding the foregoing, in the event a Bank Default exists, the Issuing Bank shall
not be required to issue any Letter of Credit unless the Issuing Bank has entered into arrangements
satisfactory to it and the Borrower (“Section 1A.01(d) Arrangements”) to eliminate the Issuing
Bank’s risk with respect to the participation in Letters of Credit of the Defaulting Bank or Banks,
which may include requiring that the Borrower cash collateralize such Defaulting Bank’s or Banks’
Percentage of the Letter of Credit Outstandings.

          1A.02 Letter of Credit Requests. (a) Whenever the Borrower desires that a Letter of Credit be issued, the Borrower shall
give the Administrative Agent and the Issuing Bank written notice (including by way of facsimile
transmission, immediately confirmed in writing by submission of the original of such request by
mail to the Issuing Bank) thereof prior to 11:00 A.M. (New York time) at least five Business Days
(or such shorter period as may be acceptable to the Issuing Bank) prior to the proposed date of
issuance (which shall be a Business Day), which written notice shall be in the form of Exhibit C
(each, a “Letter of Credit Request”). Each Letter of Credit Request shall include any other
documents as the Issuing Bank customarily requires in connection therewith.

          (b) The making of each Letter of Credit Request shall be deemed to be a representation and
warranty by the Borrower that such Letter of Credit may be issued in accordance with, and it will
not violate the requirements of, Section 1A.01(a) or (b).

          (c) Upon its issuance of, or amendment to, any Letter of Credit, the Issuing Bank shall
promptly notify the Borrower and the Banks of such issuance or amendment, which notice shall
include a summary description of the Letter of Credit actually issued and any amendments thereto.

          1A.03 Agreement to Repay Letter of Credit Drawings. (a) The Borrower agrees to
reimburse the Issuing Bank, by making payment to the Administrative Agent in immediately available
funds at the Payment Office, for any payment or disbursement made by the Issuing Bank under any
Letter of Credit which has been issued for Borrower’s account (each such amount so paid or
disbursed until reimbursed, an “Unpaid Drawing”) no later than one Business Day following the date
of such payment or disbursement, with interest on the amount so paid or disbursed by the Issuing
Bank, to the extent not reimbursed prior to 1:00 P.M. (New York time) on the date of such payment
or disbursement, from and including the date paid or

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disbursed to but not including the date the
Issuing Bank is reimbursed therefor at a rate per annum which shall be the Base
Rate plus the Applicable Margin for Loans maintained as Base Rate Loans as in effect from time to
time (or, if the Total Commitment has been terminated and all Loans have been repaid, the
Applicable Margin that would have been in effect for Loans maintained as Base Rate Loans) (plus an
additional 2% per annum, payable on demand, if not reimbursed by the third Business Day after the
date of such payment or disbursement).

          (b) The Borrower’s obligations under this Section 1A.03 to reimburse the Issuing Bank with
respect to Unpaid Drawings (including, in each case, interest thereon) shall be absolute and
unconditional under any and all circumstances and irrespective of any setoff, counterclaim or
defense to payment which the Borrower may have or have had against the Issuing Bank or any Bank,
including, without limitation, any defense based upon the failure of any drawing under a Letter of
Credit to conform to the terms of the Letter of Credit or any non-application or misapplication by
the beneficiary of the proceeds of such drawing; provided, however, that the
Borrower shall not be obligated to reimburse the Issuing Bank for any wrongful payment made by the
Issuing Bank under a Letter of Credit as a result of acts or omissions constituting willful
misconduct or gross negligence on the part of the Issuing Bank (as determined by a court of
competent jurisdiction in a final and non-appealable decision).

          1A.04 Letter of Credit Participations. (a) Immediately upon the issuance by the
Issuing Bank of any Letter of Credit, the Issuing Bank shall be deemed to have sold and transferred
to each other Bank, and each such Bank (each, a “Participant”) shall be deemed irrevocably and
unconditionally to have purchased and received from such Issuing Bank, without recourse,
representation or warranty, an undivided interest and participation, to the extent of such
Participant’s Percentage, in such Letter of Credit, each substitute letter of credit, each drawing
made thereunder and the obligations of the Borrower under this Agreement with respect thereto
(although the Letter of Credit Fee shall be payable directly to the Administrative Agent for the
account of the Banks as provided in Section 2.01(b) and the Participants shall have no right to
receive any portion of any Fronting Fees) and any security therefor or guaranty pertaining thereto.
Upon any change in the Commitments pursuant to Section 11.04(b), it is hereby agreed that, with
respect to all outstanding Letters of Credit and Unpaid Drawings, there shall be an automatic
adjustment to the participations pursuant to this Section 1A.04 to reflect the new Percentages of
the Banks.

          (b) In determining whether to pay under any Letter of Credit, the Issuing Bank shall not have
any obligation relative to the Participants other than to determine that any documents required to
be delivered under such Letter of Credit have been delivered and that they substantially comply on
their face with the requirements of such Letter of Credit. Any action taken or omitted to be taken
by the Issuing Bank under or in connection with any Letter of Credit if taken or omitted in the
absence of gross negligence or willful misconduct as determined by a final judgment issued by a
court of competent jurisdiction shall not create for the Issuing Bank any resulting liability.

          (c) In the event that the Issuing Bank makes any payment under any Letter of Credit and the
Borrower shall not have reimbursed such amount in full to the Issuing Bank pursuant to Section
1A.03(a), the Issuing Bank shall promptly notify the Administrative Agent, and the Administrative
Agent shall promptly notify each Participant of such failure, and each

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Participant shall promptly and unconditionally pay to the Administrative Agent for the account of the Issuing Bank, the amount
of such Participant’s Percentage of such payment in Dollars and in same day funds;
provided, however, that no Participant shall be obligated to pay to the
Administrative Agent its Percentage of such unreimbursed amount for any wrongful payment made by
the Issuing Bank under a Letter of Credit as a result of acts or omissions constituting willful
misconduct or gross negligence on the part of the Issuing Bank as determined by a final judgment
issued by a court of competent jurisdiction. If the Administrative Agent so notifies any
Participant required to fund an Unpaid Drawing under a Letter of Credit prior to 1:00 P.M. (New
York time) on any Business Day, such Participant shall make available to the Administrative Agent
for the account of the Issuing Bank such Participant’s Percentage of the amount of such payment on
such Business Day in same day funds. If and to the extent such Participant shall not have so made
its Percentage of the amount of such Unpaid Drawing available to the Administrative Agent for the
account of the Issuing Bank, such Participant agrees to pay to the Administrative Agent for the
account of the Issuing Bank, forthwith on demand such amount, together with interest thereon, for
each day from such date until the date such amount is paid to the Administrative Agent for the
account of the Issuing Bank at the overnight Federal Funds Effective Rate. The failure of any
Participant to make available to the Administrative Agent for the account of the Issuing Bank its
Percentage of any Unpaid Drawing under any Letter of Credit
shall not relieve any other Participant of its obligation hereunder to make available to the
Administrative Agent for the account of the Issuing Bank its Percentage of any payment under any
Letter of Credit on the date required, as specified above, but no Participant shall be responsible
for the failure of any other Participant to make available to the Administrative Agent for the
account of the Issuing Bank such other Participant’s Percentage of any such payment.

          (d) Whenever the Issuing Bank receives a payment of a reimbursement obligation (including
interest on Unpaid Drawings) as to which the Administrative Agent has received for the account of
the Issuing Bank any payments from any Participant pursuant to clause (c) above, the Issuing Bank
shall pay to the Administrative Agent and the Administrative Agent shall promptly pay to each
Participant which has paid its Percentage thereof, in Dollars and in same day funds, an amount
equal to such Participant’s Percentage of the amount of the payment of such reimbursement
obligation, including interest paid thereon to the extent accruing after the purchase of the
respective participations.

          (e) The obligations of the Participants to make payments to the Administrative Agent for the
account of the Issuing Bank with respect to Letters of Credit shall be irrevocable and not subject
to counterclaim, set-off or other defense or any other qualification or exception whatsoever
(provided that no Participant shall be required to make payments resulting from the
Administrative Agent’s gross negligence or willful misconduct as determined by a final judgment
issued by a court of competent jurisdiction) and shall be made in accordance with the terms and
conditions of this Agreement under all circumstances, including, without limitation, any of the
following circumstances:

     (i) any lack of validity or enforceability of this Agreement or any of the
other Credit Documents;

     (ii) the existence of any claim, set-off, defense or other right which the
Borrower or any of its Subsidiaries may have at any time against a beneficiary

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named in a Letter of Credit, any transferee of any Letter of Credit (or any Person for
whom any such transferee may be acting), the Administrative Agent, the Issuing Bank,
any Bank or other Person, whether in connection with this Agreement, any Letter of
Credit, the transactions contemplated herein or any unrelated transactions
(including any underlying transaction between the Borrower and the beneficiary named
in any such Letter of Credit);

     (iii) any draft, certificate or other document presented under the 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;

     (iv) the surrender or impairment of any security for the performance or
observance of any of the terms of any of the Credit Documents; or

     (v) the occurrence of any Default or Event of Default.

          (f) To the extent the Issuing Bank is not indemnified by the Borrower, the Participants will
reimburse and indemnify the Issuing Bank, in proportion to their respective
Percentages, for and against any and all liabilities, obligations, losses, damages, penalties,
claims, actions, judgments, costs, expenses or disbursements of whatsoever kind or nature which may
be imposed on, asserted against or incurred by the Issuing Bank in performing its respective duties
in any way relating to or arising out of its issuance of Letters of Credit; provided that
no Participants shall be liable for any portion of such liabilities, obligations, losses, damages,
penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Issuing
Bank’s gross negligence or willful misconduct as determined by a final judgment issued by a court
of competent jurisdiction.

          1A.05 Increased Costs. If after the Restatement Effective Date, the adoption or
effectiveness of any applicable law, rule or regulation, order, guideline or request or any change
therein after the Restatement Effective Date, or any change adopted or effective after the
Restatement Effective Date in the interpretation or administration thereof by any Governmental
Authority, central bank or comparable agency charged with the interpretation or administration
thereof, or compliance by the Issuing Bank or any Bank with any request or directive (whether or
not having the force of law) by any such authority, central bank or comparable agency shall either
(i) impose, modify or make applicable any reserve, deposit, capital adequacy or similar requirement
against letters of credit issued by or participated in by the Issuing Bank or such Bank, or (ii)
impose on the Issuing Bank or such Bank any other conditions directly or indirectly affecting this
Agreement or any Letter of Credit; and the result of any of the foregoing is to increase the cost
to the Issuing Bank or such Bank of issuing, maintaining or participating in any Letter of Credit,
or to reduce the amount of any sum received or receivable by the Issuing Bank or such Bank
hereunder or reduce the rate of return on its capital with respect to Letters of Credit, then, upon
written demand to the Borrower by the Issuing Bank or such Bank (with a copy to the Administrative
Agent), the Borrower agrees to pay to the Issuing Bank or such Bank additional amount or amounts as
will compensate the Issuing Bank or such for Bank such increased cost or reduction. A certificate
submitted to the Borrower by the Issuing Bank or such Bank (with a copy to the Administrative
Agent), setting forth the basis for the determination of such additional amount or amounts
necessary to compensate the Issuing Bank or as aforesaid

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shall be final and conclusive and binding
on the Borrower absent manifest error, although the failure to deliver any such certificate shall
not release or diminish the Borrower’s obligations to pay additional amounts pursuant to this
Section 1A.04 upon subsequent receipt of such certificate.

          1A.06 Letter of Credit Expiration Extensions. Each Bank acknowledges that to the
extent provided under the terms of any Letter of Credit, the expiration date of such Letter of
Credit will be automatically extended for an additional year, without written amendment, unless at
least 30 days prior to the expiration date of such Letter of Credit, notice is given by the Issuing
Bank to the beneficiary of such Letter of Credit in accordance with the terms of the respective
Letter of Credit (a “Notice of Non-Extension”) that the expiration date of such Letter of Credit
will not be extended beyond its current expiration date. The Issuing Bank will give Notices of
Non-Extension as to any or all outstanding Letters of Credit if requested to do so by the Required
Banks pursuant to Section 8. The Issuing Bank will give Notices of Non-Extension as to all
outstanding Letters of Credit if the Maturity Date has occurred or would occur prior to the
expiration date of such Letter of Credit if so extended. The Issuing Bank will send a copy of each Notice of Non-Extension to the
Borrower concurrently with delivery thereof to the respective beneficiary, unless prohibited by law
from doing so.

          1A.07 Changes to Stated Amount. At any time when any Letter of Credit is outstanding,
at the request of the Borrower, the Issuing Bank will enter into an amendment increasing or
reducing the Stated Amount of such Letter of Credit, provided that (i) in no event shall
the Stated Amount of such Letter of Credit be increased to an amount which, when added to (x) the
Letter of Credit Outstandings at such time and (y) the aggregate principal amount of all Loans then
outstanding, would exceed an amount equal to the Total Commitment, (ii) in no event shall the
Stated Amount of such Letter of Credit be increased to an amount which, when added to the Letter of
Credit Outstandings at such time, equals $20,000,000, (iii) the Stated Amount of a Letter of Credit
may not be increased at any time if the conditions precedent set forth in Section 4.02 are not
satisfied at such time, and (iv) the Stated Amount of a Letter of Credit may not be increased at
any time after the date which is 30 days prior to the Maturity Date.

          SECTION 2. Fees; Commitments.

          2.01 Fees. (a) The Borrower agrees to pay the Administrative Agent a commitment fee
(the “Commitment Fee”) for the account of each Bank for the period from and including the
Restatement Effective Date to but excluding the earlier of the Maturity Date and the date the Total
Commitment has been terminated (the “Termination Date”), computed at a per annum rate equal to the
Applicable Commitment Fee Percentage from time to time on the daily average Unutilized Commitment
of such Bank. Accrued Commitment Fees shall be due and payable in arrears on the last Business Day
of each March, June, September and December and on the Termination Date.

          (b) The Borrower agrees to pay the Administrative Agent a utilization fee (the “Utilization
Fee”) for the account of the Banks pro rata on the basis of their respective
Percentages, for the period from and including the Restatement Effective Date to but not including
the Termination Date computed at a per annum rate of 0.10% of the aggregate amount

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of Loans outstanding at any time when the aggregate outstanding amount of Loans is greater than 50%
of the Total Commitment at such time. Accrued Utilization Fees shall be due and payable in arrears
on the last Business Day of each March, June, September and December and on the Termination Date.

          (c) The Borrower agrees to pay to the Administrative Agent for pro rata
distribution to each Non-Defaulting Bank (based on their respective Percentages), a fee in respect
of each Letter of Credit issued for the account of the Borrower (the “Letter of Credit Fee”)
computed at a rate per annum equal to the Applicable Margin then in effect for
Loans maintained as Eurodollar Loans (or, if the Total Commitment has been terminated and all Loans
have been repaid, the Applicable Margin that would have been in effect for Loans maintained as
Eurodollar Loans), on the daily Stated Amount of such Letter of Credit. Accrued Letter of
Credit Fees shall be due and payable quarterly in arrears on the last Business Day of each
March, June, September and December, the Termination Date and upon the first day on or after the
Termination Date upon which no Letters of Credit remain outstanding.

          (d) The Borrower agrees to pay directly to the Issuing Bank upon each issuance of and/or
amendment of, a Letter of Credit issued for the account of the Borrower such amount as shall at the
time of such issuance or amendment be the administrative charge which the Issuing Bank is
customarily charging for issuances of, or amendments of, letters of credit issued by it.

          (e) The Borrower shall pay directly to each Issuing Bank, for its own account, such fronting
fees as have been, or are from time to time, separately agreed upon with each such Issuing Bank.

          (f) The Borrower shall pay to the Administrative Agent, for the account of the Administrative
Agent, when and as due, such fees as have been, or are from time to time, separately agreed upon
with the Administrative Agent.

          (g) All computations of Fees shall be made in accordance with Section 11.07(b).

          2.02 Voluntary Reduction of Commitments. Upon at least three Business Days’ prior
written notice (or telephonic notice promptly confirmed in writing) given by the Borrower to the
Administrative Agent at its Notice Office (which notice the Administrative Agent shall promptly
transmit to each of the Banks), the Borrower shall have the right, without premium or penalty, to
terminate or partially reduce the Total Unutilized Commitment, provided that (x) any such
partial reduction shall apply to proportionately and permanently reduce the Total Unutilized
Commitment, and (y) any partial reduction pursuant to this Section 2.02 shall be in integral
multiples of $5,000,000.

          2.03 Mandatory Reduction of Commitments. (a) The Total Commitment (and the
Commitment of each Bank) shall be terminated at 5:00 p.m. (New York time) on the Expiration Date
unless the Restatement Effective Date has occurred on or before such date.

          (b) Unless previously terminated pursuant to Section 2.03(a) above, the Total Commitment shall
terminate on the Maturity Date.

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          SECTION 3. Payments.

          3.01 Voluntary Prepayments. The Borrower shall have the right to prepay Loans,
without premium or penalty (except for amounts payable pursuant to Section 1.11), in whole or in
part, from time to time on the following terms and conditions: (i) the Borrower shall give the
Administrative Agent at its Notice Office written notice (or telephonic notice promptly confirmed
in writing) of its intent to prepay the Loans, the amount of such prepayment and (in the case of Eurodollar Loans) the
specific Borrowing(s) pursuant to which made, which notice shall be received by the Administrative
Agent (x) in the case of Base Rate Loans, no later than 11:00 A.M. (New York time) one Business Day
prior to the date of such prepayment, or (y) in the case of Eurodollar Loans, three Business Days
prior to the date of such prepayment, which notice shall promptly be transmitted by the
Administrative Agent to each of the Banks; (ii) each partial prepayment of any Borrowing shall be
in an aggregate principal amount of at least $5,000,000, provided that no partial
prepayment of Eurodollar Loans made pursuant to a Borrowing shall reduce the aggregate principal
amount of the Loans outstanding pursuant to such Borrowing to an amount less than $5,000,000; and
(iii) each prepayment in respect of any Loans made pursuant to a Borrowing shall be applied pro
rata among such Loans.

          3.02 Mandatory Repayments. (a) On any day on which the sum of the aggregate
outstanding principal amount of the Loans plus the aggregate Letter of Credit Outstandings
exceeds the Total Commitment as then in effect, the Borrower shall prepay principal of Loans in an
amount equal to such excess. If, after giving effect to the prepayment of all outstanding Loans,
as set forth above, the Letter of Credit Outstandings exceeds the Total Commitment, the Borrower
shall pay to the Administrative Agent at the Payment Office on such date an amount of cash and/or
cash equivalents equal to the amount of such excess, such cash and/or cash equivalents to be held
as security for all obligations of the Borrower to the Banks hereunder in a cash collateral account
to be established by the Administrative Agent on terms reasonably satisfactory to the
Administrative Agent.

          (b) With respect to each repayment of Loans required by this Section 3.02, the Borrower may
designate the Types of Loans which are to be repaid and, in the case of Eurodollar Loans, the
specific Borrowing or Borrowings pursuant to which made, provided that: (i) if any
repayment of Eurodollar Loans made pursuant to a single Borrowing shall reduce the outstanding
Eurodollar Loans made pursuant to such Borrowing to an amount less than $5,000,000 such Borrowing
shall be converted immediately into a Borrowing of Base Rate Loans and (ii) each repayment of Loans
made pursuant to the same Borrowing shall be applied pro rata among the Banks which made such
Loans. In the absence of a designation by the Borrower as described in the preceding sentence, the
Administrative Agent shall, subject to the above, make such designation in its sole discretion.

          3.03 Method and Place of Payment. Except as otherwise specifically provided herein,
all payments under this Agreement and the Notes shall be made to the Administrative Agent for the
ratable account of the Banks entitled thereto, not later than 11:00 A.M. (New York time) on the
date when due and shall be made in immediately available funds and in lawful money of the United
States of America at the Payment Office, it being understood that written, telex or facsimile
notice by the Borrower to the Administrative Agent to make a payment from the funds in the
Borrower’s account at the Payment Office shall constitute the making of such

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payment to the extent of such funds held in such account. Any payments under this Agreement which are made later than
11:00 A.M. (New York time) shall be deemed to have been made on the next succeeding
Business Day. Whenever any payment to be made hereunder shall be stated to be due on a day
which is not a Business Day, the due date thereof shall be extended to the next succeeding Business
Day and, with respect to payments of principal, interest shall be payable during such extension at
the applicable rate in effect immediately prior to such extension.

          3.04 Net Payments. (a) All payments made by the Borrower hereunder or under any
Note will be made without setoff, counterclaim or other defense. Except as provided in Section
3.04(b), all such payments will be made free and clear of, and without deduction or withholding
for, any present or future taxes, levies, imposts, duties, fees, assessments or other charges of
whatever nature now or hereafter imposed by any jurisdiction or by any political subdivision or
taxing authority thereof or therein with respect to such payments (but excluding, except as
provided in the second succeeding sentence, any tax imposed on or measured by the net income or net
profits of a Bank, or franchise taxes imposed in lieu of taxes imposed on or measured by net income
or net profits of a Bank, pursuant to the laws of the jurisdiction in which it is organized or the
jurisdiction in which the principal office or applicable lending office of such Bank is located or
any subdivision thereof or therein) and all interest, penalties or similar liabilities with respect
to such non-excluded taxes, levies, imposts, duties, fees, assessments or other charges (all such
non-excluded taxes, levies, imposts, duties, fees, assessments or other charges being referred to
collectively, as “Taxes”). If any Taxes are so levied or imposed, the Borrower agrees to pay the
full amount of such Taxes, and such additional amounts as may be necessary so that every payment of
all amounts due under this Agreement or under any Note, after withholding or deduction for or on
account of any Taxes, will not be less than the amount provided for herein or in such Note. If any
amounts are payable in respect of Taxes pursuant to the preceding sentence, the Borrower agrees to
reimburse each Bank, upon the written request of such Bank, for taxes imposed on or measured by the
net income or net profits of such Bank, and franchise taxes imposed in lieu of taxes imposed on or
measured by net income or net profits of a Bank, pursuant to the laws of the jurisdiction in which
such Bank is organized or in which the principal office or applicable lending office of such Bank
is located or under the laws of any political subdivision or taxing authority of any such
jurisdiction in which such Bank is organized or in which the principal office or applicable lending
office of such Bank is located and for any withholding of taxes as such Bank shall determine are
payable by, or withheld from, such Bank, in respect of such amounts so paid to or on behalf of such
Bank pursuant to the preceding sentence and in respect of any amounts paid to or on behalf of such
Bank pursuant to this sentence. The Borrower will furnish to the Administrative Agent within 45
days after the date the payment of any Taxes is due pursuant to applicable law certified copies of
tax receipts evidencing such payment by the Borrower. The Borrower agrees to indemnify and hold
harmless each Bank, and reimburse such Bank upon its written request, for the amount of any Taxes
so levied or imposed and paid by such Bank.

          (b) Each Bank that is not a United States person (as such term is defined in Section
7701(a)(30) of the Code) for U.S. Federal income tax purposes agrees to deliver to the Borrower and
the Administrative Agent on or prior to the Restatement Effective Date, or in the case of a Bank
that is an assignee or transferee of an interest under this Agreement pursuant to Section 11.04(b)
(unless the respective Bank was already a Bank hereunder immediately prior to such assignment or
transfer), on the date of such assignment or transfer to such Bank, (i) two

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accurate and complete original signed copies of Internal Revenue Service Form W-8ECI or Form
W-8BEN (with respect to a complete exemption under an income tax treaty) (or successor forms)
certifying to such Bank’s entitlement as of such date to a complete exemption from United States
withholding tax with respect to payments to be made under this Agreement and under any Note, or
(ii) if the Bank is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code and cannot
deliver either Internal Revenue Service Form W-8ECI or Form W-8BEN (with respect to a complete
exemption under an income tax treaty) pursuant to clause (i) above, (x) a certificate substantially
in the form of Exhibit D (any such certificate, a “Section 3.04(b)(ii) Certificate”) and (y) two
accurate and complete original signed copies of Internal Revenue Service Form W-8BEN (with respect
to the portfolio interest exemption) (or successor form) certifying to such Bank’s entitlement as
of such date to a complete exemption from United States withholding tax with respect to payments of
interest to be made under this Agreement and under any Note. In addition, each Bank agrees that
from time to time after the Restatement Effective Date, when a lapse in time or change in
circumstances renders the previous certification obsolete or inaccurate in any material respect, it
will deliver to the Borrower and the Administrative Agent two new accurate and complete original
signed copies of Internal Revenue Service Form W-8ECI, W-8BEN (with respect to the benefits of any
income tax treaty), or Form W-8BEN (with respect to the portfolio interest exemption) and a Section
3.04(b)(ii) Certificate, as the case may be, and such other forms as may be required in order to
confirm or establish the entitlement of such Bank to a continued exemption from or reduction in
United States withholding tax with respect to payments under this Agreement and any Note, or it
shall immediately notify the Borrower and the Administrative Agent of its inability to deliver any
such Form or Certificate, in which case such Bank shall not be required to deliver any such Form or
Certificate pursuant to this Section 3.04(b). Notwithstanding anything to the contrary contained
in Section 3.04(a), but subject to Section 11.04(b) and the immediately succeeding sentence, (x)
the Borrower shall be entitled, to the extent it is required to do so by law, to deduct or withhold
income or similar taxes imposed by the United States (or any political subdivision or taxing
authority thereof or therein) from interest, Fees or other amounts payable hereunder for the
account of any Bank which is not a United States person (as such term is defined in Section
7701(a)(30) of the Code) for U.S. Federal income tax purposes to the extent that such Bank has not
provided to the Borrower U.S. Internal Revenue Service Forms that establish a complete exemption
from such deduction or withholding and (y) the Borrower shall not be obligated pursuant to Section
3.04(a) hereof to gross-up payments to be made to a Bank in respect of income or similar taxes
imposed by the United States if (I) such Bank has not provided to the Borrower the Internal Revenue
Service Forms required to be provided to the Borrower pursuant to this Section 3.04(b) or (II) in
the case of a payment, other than interest, to a Bank described in clause (ii) above, to the extent
that such Forms do not establish a complete exemption from withholding of such taxes.
Notwithstanding anything to the contrary contained in the preceding sentence or elsewhere in this
Section 3.04 and except as set forth in Section 11.04(b), the Borrower agrees to pay any additional
amounts and to indemnify each Bank in the manner set forth in Section 3.04(a) (without regard to
the identity of the jurisdiction requiring the deduction or withholding) in respect of any amounts
deducted or withheld by it as described in the immediately preceding sentence as a result of any
changes after the Effective Date in any applicable law, treaty, governmental rule, regulation,
guideline or order, or in the interpretation thereof, relating to the deducting or withholding of
such income or similar taxes.

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          SECTION 4. Conditions Precedent.

          4.01 Conditions Precedent to the Restatement Effective Date. The effectiveness of
this Agreement and the obligation of the Banks to make Loans to the Borrower and the obligation of
the Issuing Bank to issue Letters of Credit hereunder is subject to the satisfaction of each of the
following conditions (the date on which all such conditions are satisfied to the satisfaction of
the Administrative Agent being the “Restatement Effective Date”):

          (a) Effectiveness; Notes. (i) This Agreement shall have been executed and delivered
as provided in Section 11.10 and (ii) there shall have been delivered to the Administrative Agent
for the account of each Bank the appropriate Note or Notes executed by the Borrower in the amount,
maturity and as otherwise provided herein.

          (b) Opinions of Counsel. The Administrative Agent shall have received an opinion, or
opinions, in form and substance reasonably satisfactory to the Administrative Agent, addressed to
each of the Banks and dated the Restatement Effective Date, from Christopher J. Littlefield, Esq.,
general counsel to the Borrower, which opinion shall cover the matters contained in Exhibit E
hereto.

          (c) Officer’s Certificate; Corporate Proceedings. (i) The Banks shall have received
from the Borrower (A) an Officer’s Certificate, dated the Restatement Effective Date and signed by
the President or any Vice President of the Borrower, in the form of Exhibit F-1 hereto with
appropriate insertions and (B) a Secretary’s Certificate, dated the Restatement Effective Date and
signed by the Secretary or any Assistant Secretary of the Borrower, in the form of Exhibit F-2
hereto with appropriate insertions, together with (x) copies of the Certificate of Incorporation
and By-Laws or other organizational documents of the Borrower and (y) the resolutions of the
Borrower and the other documents referred to in such certificate, and the foregoing shall be
reasonably satisfactory to the Administrative Agent.

          (ii) All corporate and legal proceedings and all instruments and agreements in connection with
the transactions contemplated by this Agreement and the other Credit Documents shall be reasonably
satisfactory in form and substance to the Administrative Agent, and the Administrative Agent shall
have received all information and copies of all certificates, documents and papers, including
certificates of existence or good standing certificates, as applicable, and any other records of
corporate proceedings and governmental approvals, if any, which the Administrative Agent reasonably
may have requested in connection therewith, such documents and papers where appropriate to be
certified by proper corporate or governmental authorities.

          (d) Prior Credit Agreement. (i) All Loans (as defined in the Prior Credit Agreement)
under the Prior Credit Agreement shall have been repaid, (ii) no Letters of Credit (as defined in
the Prior Credit Agreement) shall be issued and outstanding, (iii) all Banks (as defined in the
Prior Credit Agreement) which are not Banks under (and as defined in) this Agreement shall not have
any Commitments hereunder, and (iv) all principal, interest, fees and other
amounts thereunder shall have been paid in full (whether or not then due and payable) in each
case to the satisfaction of the Administrative Agent.

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          (e) Adverse Change, etc. Nothing shall have occurred (and the Banks shall have become
aware of no facts or conditions not previously known or disclosed on any Annex hereto), which, when
taken as a whole, the Administrative Agent shall reasonably determine (A) has, or is reasonably
likely to have, a material adverse effect on the rights or remedies of the Banks or the
Administrative Agent under this Agreement or any other Credit Document, or on the ability of the
Borrower to perform its obligations to them, or (B) has or is reasonably likely to have a Material
Adverse Effect.

          (f) Litigation. No actions, suits or proceedings shall be pending or, to the
knowledge of the Borrower, threatened against the Borrower (i) with respect to this Agreement or
any other Credit Document or the transactions contemplated hereby or thereby or (ii) which either
the Administrative Agent or the Required Banks shall in good faith determine has, or is reasonably
likely to have, (x) a Material Adverse Effect or (y) a material adverse effect on the rights or
remedies of the Banks or the Administrative Agent hereunder or under any other Credit Document or
on the ability of the Borrower to perform its obligations to them hereunder or under any other
Credit Documents.

          (g) Approvals, etc. The following approvals shall have been obtained to the
satisfaction of the Banks:

     (i) all necessary and material governmental and third party approvals, permits
and licenses in connection with this Agreement and the transactions contemplated by
the Credit Documents and otherwise referred to herein or therein, to the extent such
approvals, consents, permits and licenses are required to be obtained or made prior
to the Restatement Effective Date, shall have been obtained and remain in full force
and effect, and all applicable waiting periods shall have expired, in each case
without any action being taken by any competent authority (including any court
having jurisdiction) which imposes, in the reasonable judgment of the Required Banks
or the Administrative Agent, materially adverse conditions upon the consummation of
any such agreement or transaction; and

     (ii) any necessary shareholder approvals in connection with the Indebtedness to
be incurred pursuant to this Agreement shall have been obtained and remain in full
force and effect.

          (h) Financial Statements. Prior to the Restatement Effective Date, the Borrower shall
have delivered or caused to be delivered to the Administrative Agent with copies for each Bank:

     (i) the audited consolidated and unaudited consolidating balance sheets of the
Borrower as of December 31, 2005, the related audited consolidated and unaudited
consolidating statements of income, and the related consolidated
statements of stockholder’s equity and of cash flows for the fiscal year then
ended, in each case prepared in accordance with GAAP;

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     (ii) the audited Annual Statement of each Regulated Insurance Company for the
fiscal year ended December 31, 2005, prepared in accordance with SAP and as filed
with the Applicable Insurance Regulatory Authority;

     (iii) the unaudited consolidated and consolidating balance sheets of the
Borrower as of March 31, 2006, the related unaudited consolidated and consolidating
statements of income, and the related consolidated statements of stockholder’s
equity and of cash flows for the fiscal quarter then ended, in each case prepared in
accordance with GAAP;

     (iv) the Quarterly Statement of each Regulated Insurance Company for the fiscal
quarter ended March 31, 2006; and

     (v) a pro forma consolidated balance sheet as of March 31, 2006 and
consolidated statement of income giving effect to the remarketing of the
PRIDES(SM) and a Hybrid Securities Issue of the type currently
contemplated as of the Restatement Effective Date projected for the year ended
December 31, 2006.

          (i) Payment of Fees. On the Restatement Effective Date, all costs, fees and expenses
(including, without limitation, legal fees and expenses), and all other compensation contemplated
by this Agreement or the other Credit Documents, due to the Administrative Agent or any Banks shall
have been paid to the extent due.

          4.02 Conditions Precedent to All Loans. The obligation of each Bank to make each
Loan and of the Issuing Bank to issue each Letter of Credit (including, without limitation, Loans
made and Letters of Credit issued on the Restatement Effective Date) is subject, at the time of the
making of each such Loan and issuance of each such Letter of Credit, to the satisfaction of the
following conditions:

          (a) No Default; Representations and Warranties. At the time of the making of each
such Loan and the issuance of each such Letter of Credit and also after giving effect thereto (i)
there shall exist no Default or Event of Default and (ii) all representations and warranties
contained herein or in the other Credit Documents shall be true and correct in all material
respects with the same effect as though such representations and warranties had been made on the
date of the making of such Loan and the issuance of such Letter of Credit (it being understood and
agreed that any representation or warranty which by its terms is made as of a specified date shall
be required to be true and correct in all material respects only as of such specified date).

          (b) Notice of Borrowing. Prior to the making of each Loan, the Administrative Agent
shall have received a Notice of Borrowing meeting the requirements of Section 1.03(a).

          The occurrence of the Restatement Effective Date shall constitute a representation and
warranty by the Borrower to the Administrative Agent and each of the Banks that all the conditions
specified in this Section 4 and applicable to the Restatement Effective Date exist as of that time
(except to the extent that any of the conditions specified in this Section 4 are required to

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be satisfactory to, or determined by, any Bank, the Required Banks and/or the Administrative Agent or
otherwise expressly calls for a subjective determination to be made by any Bank, the Required Banks
and/or the Administrative Agent). Thereafter, the incurrence of each Loan and/or the issuance of
such Letter of Credit and acceptance of the proceeds of each such Loan shall constitute a
representation and warranty by the Borrower to the Administrative Agent and each of the Banks that
the conditions specified in Section 4.02(a) exist as of the making of each such Loan and/or the
issuance of each such Letter of Credit (except to the extent that any of the conditions specified
in this Section 4 are required to be satisfactory to, or determined by any Bank, the Required Banks
and/or the Administrative Agent or otherwise expressly calls for a subjective determination to be
made by any Bank, the Required Banks and/or the Administrative Agent). All of the Notes,
certificates, legal opinions and other documents and papers referred to in this Section 4, unless
otherwise specified, shall be delivered to the Administrative Agent at the Notice Office for the
account of each of the Banks and, except for the Notes, in sufficient counterparts or copies for
each of the Banks and shall be in form and substance reasonably satisfactory to the Administrative
Agent.

          SECTION 5. Representations, Warranties and Agreements. In order to induce the Banks
to enter into this Agreement and to make the Loans provided for herein, the Borrower makes the
following representations and warranties to, and agreements with, the Banks, all of which shall
survive the execution and delivery of this Agreement and the making of the Loans (with the making
of each Loan being deemed to constitute a representation and warranty that the matters specified in
this Section 5 are true and correct in all material respects on and as of the date of the making of
such Loan unless such representation and warranty expressly indicates that it is being made as of
any specific date in which case such representation and warranty shall be true and correct in all
material respects only as of such specified date):

          5.01 Corporate Status. The Borrower and each of its Material Subsidiaries (i) is a
duly organized and validly existing corporation or business trust or other entity in good standing
under the laws of the jurisdiction of its organization and has the corporate or other
organizational power and authority to own its property and assets and to transact the business in
which it is engaged and presently proposes to engage, and (ii) has been duly qualified and is
authorized to do business and is in good standing in all jurisdictions where it is required to be
so qualified, in each case, where the failure to be so organized, existing, qualified, authorized
or in good standing or lack of power and authority would have a Material Adverse Effect.

          5.02 Corporate Power and Authority. The Borrower has the corporate power and
authority to execute, deliver and carry out the terms and provisions of the Credit Documents to
which it is a party and has taken all necessary corporate action to authorize the execution, delivery and performance of the
Credit Documents to which it is a party. The Borrower has duly executed and delivered each Credit
Document to which it is a party and each such Credit Document constitutes the legal, valid and
binding obligation of the Borrower enforceable against the Borrower in accordance with its terms,
except to the extent that enforceability thereof may be limited by applicable bankruptcy,
insolvency, moratorium or similar laws affecting creditors’ rights generally and general principles
of equity regardless of whether enforcement is sought in a proceeding in equity or at law.

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          5.03 No Contravention of Laws, Agreements or Organizational Documents. Neither the
execution, delivery and performance by the Borrower of the Credit Documents to which it is a party
nor compliance with the terms and provisions thereof, nor the consummation of the transactions
contemplated therein, (i) will contravene any applicable provision of any law, statute, rule,
regulation, order, writ, injunction or decree of any court or governmental instrumentality
applicable to the Borrower or any Material Subsidiary, (ii) will conflict or be inconsistent with
or result in any breach of any of the terms, covenants, conditions or provisions of, or constitute
a default under, or result in the creation or imposition of (or the obligation to create or impose)
any Lien upon any of the property or assets of the Borrower or any of its Material Subsidiaries
pursuant to the terms of, any indenture, mortgage, deed of trust, loan agreement, credit agreement
or any other material instrument to which the Borrower or any of its Material Subsidiaries is a
party or by which it or any of its property or assets are bound or to which it may be subject or
(iii) will violate any provision of the Certificate of Incorporation or By-Laws of the Borrower or
any of its Material Subsidiaries.

          5.04 Litigation and Contingent Liabilities. There are no actions, suits or
proceedings pending or threatened in writing involving the Borrower or any of its Subsidiaries
(including, without limitation, with respect to this Agreement or any documentation executed in
connection herewith) (i) that have or would reasonably be expected to have a Material Adverse
Effect or (ii) that have or would reasonably be expected to have a material adverse effect on the
rights or remedies of the Banks or the Administrative Agent or on the ability of the Borrower to
perform its respective obligations to the Banks or the Administrative Agent hereunder and under the
other Credit Documents to which it is, or will be, a party.

          5.05 Use of Proceeds; Margin Regulations. (a) The proceeds of the Loans incurred on
the Restatement Effective Date shall be utilized to repay all obligations existing under the Prior
Credit Agreement and all fees, interest and other amounts payable thereunder in their entirety.

          (b) After compliance with clause (a) above, the proceeds of the Loans incurred on the
Restatement Effective Date and thereafter shall be utilized for general corporate purposes.

          (c) Neither the making of any Loan hereunder or other Indebtedness or financing of the
Borrower, nor the use of the proceeds thereof, will violate or be inconsistent with the provisions
of Regulation T, U or X of the Board of Governors of the Federal Reserve
System. Following the application of the proceeds of each Borrowing or drawing under each
Letter of Credit, not more than 25% of the value of the assets (either of the Borrower only or of
the Borrower and its Subsidiaries on a consolidated basis) subject to (x) the provisions of Section
7 hereof or (y) any restriction contained in any agreement or instrument between the Borrower and
any Lender or any Affiliate of any Lender relating to Indebtedness and within the scope of Section
8.04, will be Margin Stock.

          5.06 Approvals. Any order, consent, approval, license, authorization, or validation
of, or filing, recording or registration with, or exemption by, any foreign or domestic
governmental or public body or authority, or any subdivision thereof, which is required to
authorize or is required in connection with (i) the Borrower’s execution, delivery and

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performance of any Credit Document or (ii) the legality, validity, binding effect or enforceability of any
Credit Document with respect to the Borrower, has been obtained.

          5.07 Investment Company Act. The Borrower is not an “investment company” or a
company “controlled” by an “investment company,” within the meaning of the Investment Company Act
of 1940, as amended.

          5.08 [Intentionally Omitted].

          5.09 True and Complete Disclosure; Projections and Assumptions. All factual
information (taken as a whole) heretofore or contemporaneously furnished by the Borrower or any of
its Subsidiaries to the Administrative Agent or any Bank (including, without limitation, all
information contained in the Credit Documents) for purposes of or in connection with this Agreement
or any transaction contemplated herein is, and all other factual information (taken as a whole with
all other such information theretofore or contemporaneously furnished) hereafter furnished by any
such Persons in writing to the Administrative Agent will be, true and accurate in all material
respects on the date as of which such information is dated and not incomplete by omitting to state
any material fact necessary to make such information (taken as a whole with all other such
information theretofore or contemporaneously furnished) not misleading at such time in light of the
circumstances under which such information was provided. The projections contained in such
materials are based on good faith estimates and assumptions believed by the Borrower to be
reasonable and attainable at the time made, it being recognized by the Banks that such projections
as to future events are not to be viewed as facts and that actual results during the period or
periods covered by any such projections may differ from the projected results. For the avoidance
of doubt, information available via the Intralinks system or via the SEC’s Edgar system shall be
considered furnished for purposes of the Section 5.09 as long as the Borrower has given the
Administrative Agent notice that such information has been so posted or filed.

          5.10 Financial Condition; Financial Statements. (a) The financial statements delivered to the Administrative Agent pursuant to Section
4.01(h) present fairly in all material respects the financial position of the respective Persons
referred to in such Sections at the dates of said statements and the results of operations for the
periods covered thereby. All such financial statements have been prepared in accordance with SAP
or GAAP, as indicated in Section 4.01(h), consistently applied except to the extent provided in the
notes to said financial statements.

          (b) Since December 31, 2005, nothing has occurred which, when taken as a whole, has or is
reasonably likely to have a Material Adverse Effect.

          5.11 Tax Returns and Payments. The Borrower and its Material Subsidiaries have filed
or have obtained valid extensions with respect to all material income and other material tax
returns which are required to be filed and have paid, on or before the due dates thereof, all taxes
shown to be due and payable on said returns or on any assessments made against them or their
property and all other material taxes, assessments, fees or other charges imposed on them or any of
their property by any Governmental Authority (other than (x) those not yet due and payable and (y)
those contested in good faith and for which adequate reserves have been established), and there are
no waivers or agreements for the extension of time for the

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assessment of any tax other than those not reasonably likely to have a Material Adverse Effect. No tax Liens have been filed and no
claims are pending or, to the best knowledge of the Borrower, proposed or threatened with respect
to any such taxes, fees or other charges for any fiscal period, which are reasonably likely to have
a Material Adverse Effect.

          5.12 Compliance with ERISA. (a) Annex II sets forth each Plan in effect on the
Restatement Effective Date which is intended to be qualified under Section 401(a) of the Code; each
Plan (and each related trust, insurance contract or fund) is in compliance with its terms and with
all applicable laws, including without limitation ERISA and the Code; each Plan (and each related
trust, if any) which is intended to be qualified under Section 401(a) of the Code has received a
determination letter from the Internal Revenue Service to the effect that it meets the requirements
of Sections 401(a) and 501(a) of the Code and/or, in the case of a Plan amendment, has timely filed
or will timely file a request for such a determination letter; no Reportable Event has occurred; no
Plan which is a multiemployer plan (as defined in Section 4001(a)(3) of ERISA) is, to the knowledge
of the Borrower, insolvent or in reorganization; no defined benefit Plan which is subject to
Section 412 of the Code or Section 302 of ERISA has an Unfunded Current Liability; no Plan which is
subject to Section 412 of the Code or Section 302 of ERISA has an accumulated funding deficiency,
within the meaning of such sections of the Code or ERISA, or has applied for or received a waiver
of an accumulated funding deficiency or an extension of any amortization period, within the meaning
of Section 412 of the Code or Section 303 or 304 of ERISA; all contributions required to be made
with respect to a Plan have been timely made except to the extent of any such contribution which,
if not timely made, would not result in a material liability to the Borrower, any Subsidiary of the
Borrower or any ERISA Affiliate; neither the Borrower nor any Subsidiary of the Borrower nor any
ERISA Affiliate has incurred any liability (including any indirect, contingent or secondary
liability) to or on account of a Plan pursuant to Section 409, 502(i), 502(1), 515, 4062, 4063, 4064, 4069, 4201, 4204, or 4212 of
ERISA or Section 401(a)(29), 4971 or 4975 of the Code or expects to incur any such liability under
any of the foregoing sections with respect to any Plan; no condition exists which presents a risk
to the Borrower or any Subsidiary of the Borrower or any ERISA Affiliate of incurring a liability
to or on account of a Plan pursuant to the foregoing provisions of ERISA and the Code; no
proceedings have been instituted by the PBGC to terminate or appoint a trustee to administer any
Plan which is subject to Title IV of ERISA in a distress termination; no action, suit, proceeding,
hearing, audit or investigation with respect to the administration, operation or the investment of
assets of any Plan (other than routine claims for benefits or relating to qualified domestic
relations orders) is pending, expected or, to the knowledge of the Borrower, threatened; neither
the Borrower nor any Subsidiary of the Borrower nor any ERISA Affiliate has incurred any liability
as a result of any group health plan (as defined in Section 607(1) of ERISA or Section 4980B(g)(2)
of the Code) other than a multiemployer plan described in Section 3(37) of ERISA which covers or
has covered employees or former employees of the Borrower, any Subsidiary of the Borrower, or any
ERISA Affiliate having not been operated in compliance with the provisions of Part 6 of subtitle B
of Title I of ERISA and Section 4980B of the Code; no lien imposed under the Code or ERISA on the
assets of the Borrower or any Subsidiary of the Borrower or any ERISA Affiliate exists or is likely
to arise on account of any Plan; the Borrower and its Subsidiaries may cease contributions to or
terminate any employee benefit plan maintained by any of them without incurring any liability; and
neither the Borrower nor any Subsidiary of the Borrower nor any ERISA Affiliate has ever maintained
or contributed to (or had an obligation to contribute to) any Foreign Pension Plans;
provided that the provisions of

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this Section 5.12 shall not be deemed to be untrue based on
circumstances which would not, individually or in the aggregate, have or reasonably be expected to
have, a Material Adverse Effect.

          5.13 Material Subsidiaries. (a) Annex III hereto lists each Material Subsidiary of
the Borrower as of the Restatement Effective Date (and the direct and indirect ownership interest
of the Borrower therein) and also identifies the owner or owners thereof as of such date.

          (b) There are no restrictions on the Borrower or any of its Subsidiaries which prohibit or
otherwise restrict the transfer of cash or other assets from any Subsidiary of the Borrower to the
Borrower, other than (i) prohibitions or restrictions existing under or by reason of this Agreement
or the other Credit Documents, (ii) prohibitions or restrictions existing under or by reason of
Legal Requirements, and (iii) other prohibitions or restrictions which, either individually or in
the aggregate, would not reasonably be expected to have a material adverse effect on the Borrower’s
ability to perform its obligations under the Credit Documents.

          5.14 Intellectual Property, etc. The Borrower and each of its Material Subsidiaries
have obtained all material patents, trademarks, service marks, trade names, copyrights, licenses
and other rights, free from unduly burdensome restrictions, that are necessary for the operation of
their respective businesses as presently conducted and as proposed to be conducted.

          5.15 Capitalization. As of June 1, 2006, the authorized capital stock of the
Borrower consists of (i) 230,000,000 shares of common stock, no par value per share, 38,229,051 of
which are issued and outstanding, and (ii) 20,000,000 shares of preferred stock, no par value per
share, 6,000,000 of which are issued and outstanding. As of the Restatement Effective Date, all
such outstanding shares of the Borrower have been duly and validly issued and are fully paid and
nonassessable. As of the Restatement Effective Date, neither the Borrower nor any of its Material
Subsidiaries has outstanding any securities convertible into or exchangeable for its capital stock
or outstanding any rights to subscribe for or to purchase, or any options for the purchase of, or
any agreements providing for the issuance (contingent or otherwise) of, or any calls, commitments
or claims of any character relating to, its capital stock except for the securities, rights,
agreements, options, warrants and grants outstanding in the aggregate amounts set forth on Annex
IV.

          5.16 Indebtedness. Annex V sets forth a true and complete list of all items of
Indebtedness for borrowed money of the Borrower and its Material Subsidiaries as of the Restatement
Effective Date the aggregate principal amount of which equals or exceeds $5,000,000, in each case
showing the aggregate principal amount thereof, the name of the lender in respect thereof and the
name of the respective borrower and any other entity which has directly or indirectly guaranteed
such Indebtedness.

          5.17 Compliance with Statutes, etc. The Borrower and each of its Subsidiaries is in
compliance with all applicable statutes, regulations and orders of, and all applicable restrictions
imposed by, and has filed or otherwise provided all material reports, data, registrations, filings,
applications and other information required to be filed with or otherwise provided to, all
governmental bodies, domestic or foreign, in respect of the conduct of its

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business and the ownership of its property (including compliance with all applicable environmental laws), except
such failure(s) to comply or file as would not, in the aggregate, have a Material Adverse Effect.
All required regulatory approvals are in full force and effect on the date hereof, except where the
failure of such approvals to be in full force and effect would not, individually or in the
aggregate, reasonably be expected to have a Material Adverse Effect.

          5.18 Insurance Licenses. Each Regulated Insurance Company has obtained and maintains
in full force and effect all licenses and permits from all regulatory authorities necessary to
operate in the jurisdictions in which such Regulated Insurance Company operates, in each case other
than such licenses and permits the failure to obtain or maintain which, individually or in the
aggregate, is not reasonably likely to have a Material Adverse Effect. Annex VI sets forth a true,
correct and complete list, as of the Restatement Effective Date, of each of the jurisdictions in
which each Material Regulated Insurance Company is duly licensed and in good standing to write
insurance, that each Material Regulated Insurance Company is authorized to write in such
jurisdictions.

          5.19 Insurance Business. All insurance policies issued by any Regulated Insurance Company are, to the extent
required under Applicable Law, on forms approved by the insurance regulatory authorities of the
jurisdiction where issued or have been filed with and not objected to by such authorities within
the period provided for objection, except for those forms with respect to which a failure to obtain
such approval or make such a filing without it being objected to, would not, singly or in the
aggregate, reasonably be expected to have a Material Adverse Effect.

          5.20 Reinsurance. As of the Restatement Effective Date, the reinsurance agreements
described in Annex VII are the only material contracts regarding reinsurance, coinsurance, excess
insurance, ceding of insurance (other than insurance ceded on an assumption reinsurance basis),
assumption of insurance or indemnification with respect to insurance (“Reinsurance”) to which any
Regulated Insurance Company is a party and which was entered into after December 31, 2005.

          SECTION 6. Affirmative Covenants. The Borrower hereby covenants and agrees that on
the Restatement Effective Date and thereafter, for so long as this Agreement is in effect and until
the Loans, together with interest, Fees and all other Obligations incurred hereunder, are paid in
full:

          6.01 Information Covenants. The Borrower will furnish to each Bank:

          (a) Annual Financial Statements. (i) As soon as available and in any event within 95
days after the close of each fiscal year of the Borrower, (x) the consolidated balance sheet of the
Borrower, in each case, as at the end of such fiscal year and the related consolidated statements
of income, of stockholders’ equity and of cash flows for such fiscal year and (y) the unaudited
consolidating balance sheet of the Borrower as at the end of the fiscal year and the related
unaudited consolidating statement of income for such fiscal year; in each case prepared in
accordance with GAAP and, in the case of such consolidated statements setting forth comparative
figures for the preceding fiscal year, and, with respect to the consolidated statements only,
examined by independent certified public accountants of recognized national

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standing whose report shall not be qualified as to the scope of audit or as to the status of the Borrower and its
Material Subsidiaries as a going concern.

          (ii) As soon as available and in any event within 120 days after the close of each fiscal year
of each Material Regulated Insurance Company, the Annual Statement (prepared in accordance with
SAP) for such fiscal year of such Material Regulated Insurance Company, as filed with the
Applicable Insurance Regulatory Authority in compliance with the requirements thereof (or a report
containing equivalent information for any Material Regulated Insurance Company not so required to
file the foregoing with the Applicable Insurance Regulatory Authority) together with the opinion
thereon of the Chief Financial Officer or other Authorized Officer of such Material Regulated
Insurance Company stating that such Annual Statement presents fairly in all material respects the
financial condition and results of operations of such Material Regulated Insurance Company in
accordance with SAP.

          (iii) As soon as available and in any event within 120 days after the close of each fiscal
year of the Borrower, a copy of the “Statement of Actuarial Opinion” and “Management Discussion and
Analysis” for each Material Regulated Insurance Company (prepared in accordance with SAP) for such
fiscal year and as filed with the Applicable Regulatory Insurance Authority in compliance with the
requirements thereof (or a report containing equivalent information for any Material Regulated
Insurance Company not so required to file the foregoing with the Applicable Regulatory Insurance
Authority).

          (b) Quarterly Financial Statements. (i) As soon as available and in any event within
50 days after the close of each of the first three quarterly accounting periods in each fiscal year
of the Borrower, (x) the consolidated balance sheet of the Borrower, each as at the end of such
fiscal quarter and the related consolidated statements of income, of stockholder’s equity and of
cash flows for such quarterly period and for the elapsed portion of the fiscal year ended with the
last day of such quarterly period and (y) the unaudited consolidating balance sheet of the Borrower
as at the end of such fiscal quarter and the related unaudited consolidating statement of income
for such quarterly period and for the elapsed portion of the fiscal year ended with the last day of
such quarterly period; and, in the case of such consolidated statements setting forth comparative
figures for the related periods in the prior fiscal year, and all of which shall be prepared in
accordance with GAAP and certified by the Chief Financial Officer or other Authorized Officer of
the Borrower, as the case may be, subject to changes resulting from normal year-end audit
adjustments.

          (ii) As soon as available and in any event within 50 days after the close of each of the first
three quarterly accounting periods in each fiscal year of each Material Regulated Insurance
Company, the Quarterly Statement (prepared in accordance with SAP) for such fiscal period of such
Material Regulated Insurance Company, as filed with the Applicable Insurance Regulatory Authority
together with the opinion thereon of the Chief Financial Officer or other Authorized Officer of
such Material Regulated Insurance Company stating that such financial statements present fairly in
all material respects the financial condition and results of operations of such Material Regulated
Insurance Company in accordance with SAP.

          (c) Officer’s Certificates. At the time of the delivery of the financial statements
provided for in Sections 6.01(a)(i) and (ii) and 6.01(b)(i) and (ii), a certificate of the

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Chief Financial Officer or other Authorized Officer of the Borrower to the effect that no Default or
Event of Default exists or, if any Default or Event of Default does exist, specifying the nature
and extent thereof, which certificate shall set forth the calculations required to establish
whether the Borrower and its Subsidiaries were in compliance with the provisions of Sections 7.10
through 7.13, inclusive, as at the end of such fiscal year or quarter, as the case may be.

          (d) Notice of Default or Litigation. (x) Promptly, and in any event within three
Business Days after the Borrower or any of its Subsidiaries obtains knowledge thereof, notice of
the occurrence of any event which constitutes a Default or Event of Default, which notice shall
specify the nature thereof, the period of existence thereof and what action the Borrower proposes
to take with respect thereto and (y) promptly after the Borrower or any of its Subsidiaries obtains
knowledge thereof, notice of any outstanding litigation or governmental or regulatory proceeding
pending against the Borrower or any of its Subsidiaries which would reasonably be expected to have a Material Adverse Effect, or a material adverse effect on the
ability of the Borrower to perform its obligations hereunder or under any other Credit Document.

          (e) Auditors’ Reports. Promptly upon receipt thereof, a copy of (x) each other report
or “management letter” submitted to the Borrower or any of its Subsidiaries by their independent
accountants in connection with any annual, interim or special audit made by them of the books of
the Borrower or any of its Subsidiaries and (y) each report submitted to the Borrower or any of its
Subsidiaries by any independent actuary to the extent that such report, in the good faith opinion
of the Borrower, identifies a condition, situation or event that has or is reasonably likely to
have a Material Adverse Effect.

          (f) Other Regulatory Statements and Reports. Promptly (A) after their becoming
available, copies of any statutory financial statements (including all exhibits and schedules
thereto) that the Borrower or any Regulated Insurance Company periodically files with the
Applicable Insurance Regulatory Authority of the state in which it is domiciled and, to the extent
materially different from the financial statements filed in such state of domicile, any other state
in which it is deemed to be commercially domiciled or any governmental agency or agencies
substituted therefor, (B) after receipt of a written request by the Administrative Agent or any
Bank and after receipt thereof, copies of all regular and periodic reports of reviews or
examinations (including, without limitation, triennial examinations and risk adjusted capital
reports) of any Regulated Insurance Company, delivered to such Person by any Applicable Insurance
Regulatory Authority, insurance commission or similar regulatory authority, (C) after receipt
thereof, written notice of any assertion by any Applicable Insurance Regulatory Authority or any
governmental agency or agencies substituted therefor, as to a violation of any Legal Requirement by
any Regulated Insurance Company which is likely to have a Material Adverse Effect, (D) after
receipt of a written request by the Administrative Agent or any Bank and after receipt thereof, a
copy of the final report to each Regulated Insurance Company from the NAIC for each fiscal year, as
to such Regulated Insurance Company’s compliance or noncompliance with each of the NAIC Tests, (E)
after receipt thereof, a copy of any final rating analysis by any rating agency (including, without
limitation, A.M. Best) for each Regulated Insurance Company for each fiscal year, (F) after receipt
thereof, a copy of any notice of termination, cancellation or recapture of any Reinsurance
Agreement or Retrocession Agreement to which a Regulated Insurance Company is a party to the extent
such termination or cancellation is likely to have a Material Adverse Effect, (G) and after receipt
of a written request by the Administrative Agent

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or any Bank and within 60 days after the end of
the next succeeding quarter after the making of any such filing, copies of all insurance holding
company system act filings with governmental authorities by a Regulated Insurance Company,
including, without limitation, filings which seek approval of governmental authorities with respect
to transactions between any of the Regulated Insurance Companies and any of their respective
Affiliates, (H) and in any event within three Business Days after receipt thereof, copies of any
notice of actual suspension, termination or revocation of any license of any Material Regulated
Insurance Company by any Applicable Insurance Regulatory Authority, including any request by an
Applicable Insurance Regulatory Authority which commits a Material Regulated Insurance Company to
take or refrain from taking any action or which otherwise affects the authority of such Material
Regulated Insurance Company to conduct its business, and (I) and in any event within 20 Business
Days after the Borrower or any of its Subsidiaries obtains knowledge thereof, notice of any actual
changes in the insurance laws enacted in any state in which any Regulated Insurance Company is domiciled
which would reasonably be expected to have a Material Adverse Effect.

          (g) SEC Filings. (i) Promptly upon transmission thereof, copies of (or, to the
extent same is publicly available via the SEC’s “EDGAR” filing system, written notification of the
filing of) any material filings and registrations with, and reports to, the SEC by the Borrower or
any of its Subsidiaries (other than any registration statement on Form S-8) and copies of all
material financial statements, proxy statements, notices and reports as the Borrower or any of its
Subsidiaries shall send to analysts generally or the holders of their capital stock or of any
public subordinated debt issued by the Borrower in their capacity as such holders (in each case to
the extent not theretofore delivered to the Banks pursuant to, this Agreement); provided
that the Borrower shall be deemed to have complied with this clause (g)(i) by furnishing to the
Administrative Agent for distribution to the Banks via the “Intralinks” system any such copies or
notices or by filing such copies or notices via the SEC’s “EDGAR” filing system and notifying the
Administrative Agent of such filing.

          (ii) Within 60 days following the end of the quarter in which any of the following occurs,
copies of (or, to the extent same is publicly available via the SEC’s “EDGAR” filing system,
written notification of the filing of) any other filings and registrations with, and reports to,
the SEC by the Borrower or any of its Subsidiaries (other than any registration statement on Form
S-8) and copies of all other financial statements, proxy statements, notices and reports as the
Borrower or any of its Subsidiaries shall send to analysts generally or the holders of their
capital stock or of any public subordinated debt issued by the Borrower in their capacity as such
holders (in each case to the extent not theretofore delivered to the Banks pursuant to, this
Agreement); provided that the Borrower shall be deemed to have complied with this clause
(g)(ii) by furnishing to the Administrative Agent for distribution to the Banks via the
“Intralinks” system any such copies or notices or by filing such copies or notices via the SEC’s
“EDGAR” filing system and notifying the Administrative Agent of such filing.

          (h) Other Information. With reasonable promptness, such other information or existing
documents (financial or otherwise) as the Administrative Agent or any Bank may reasonably request
from time to time.

          6.02 Books, Records and Inspections. The Borrower will, and will cause each of its
Material Subsidiaries to, permit officers and designated representatives of the Administrative

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Agent or any Bank to visit and inspect any of the properties or assets of the Borrower and any of
its Material Subsidiaries in whomsoever’s possession (but only to the extent the Borrower or such
Material Subsidiary has the right to do so to the extent in the possession of another Person), and
to examine the books of account of the Borrower and any of its Material Subsidiaries and discuss
the affairs, finances and accounts of the Borrower and of any of its Material Subsidiaries with,
and be advised as to the same by, its and their officers and independent accountants and
independent actuaries, if any, all at such reasonable times and intervals, upon reasonable prior
notice and to such reasonable extent as the Administrative Agent or any Bank may request.

          6.03 Insurance. The Borrower will, and will cause each of its Material Subsidiaries to, at all times
maintain in full force and effect insurance in such amounts, covering such risks and liabilities
and with such deductibles or self-insured retentions as are in accordance with normal industry
practice.

          6.04 Payment of Taxes. The Borrower will pay and discharge, and will cause each of
its Subsidiaries to pay and discharge, all taxes, assessments and governmental charges or levies
imposed upon it or upon its income or profits, or upon any properties belonging to it, prior to the
date on which penalties attach thereto, and all lawful claims (other than claims relating to the
adjustment or settling, in the ordinary course of business, of claims in respect of insurance
policies or reinsurance contracts) which, if unpaid, might become a Lien or charge upon any
properties of the Borrower or any of its Material Subsidiaries; provided, that neither the
Borrower nor any Subsidiary shall be required to pay any such tax, assessment, charge, levy or
claim which (i) is being contested in good faith and by proper proceedings if it has maintained
adequate reserves (in the good faith judgment of the management of the Borrower) with respect
thereto in accordance with GAAP, or (ii) if not paid, would not, individually or in the aggregate,
be reasonably expected to have a Material Adverse Effect.

          6.05 Corporate Franchises. The Borrower will do, and will cause each Material
Subsidiary to do, or cause to be done, all things reasonably necessary to preserve and keep in full
force and effect its corporate existence, rights and authority; provided that any
transaction permitted by Section 7.02 will not constitute a breach of this Section 6.05.

          6.06 Compliance with Statutes, etc. The Borrower will, and will cause each Material
Subsidiary to, comply with all applicable statutes, regulations and orders of, and all applicable
restrictions imposed by, all governmental bodies, domestic or foreign, in respect of the conduct of
its business and the ownership of its property (including applicable statutes, regulations, orders
and restrictions relating to environmental standards and controls) other than those the
non-compliance with which would not, individually or in the aggregate, have a Material Adverse
Effect.

          6.07 ERISA. As soon as possible and, in any event, within 10 Business Days after the
Borrower, any Subsidiary of the Borrower or any ERISA Affiliate knows or has reason to know of the
occurrence of any of the following, the Borrower will deliver to each of the Banks a certificate of
the Chief Financial Officer of the Borrower setting forth the full details as to such occurrence
and the action, if any, that the Borrower, such Subsidiary or such ERISA Affiliate is required or
proposes to take, together with any notices required or proposed to be given to or filed with or by
the Borrower, the Subsidiary, the ERISA Affiliate, the PBGC, a Plan participant

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or the Plan administrator with respect thereto: that a Reportable Event has occurred; that a contributing
sponsor (as defined in Section 4001(a)(13) of ERISA) of a Plan subject to Title IV of ERISA is
subject to the advance reporting requirement of PBGC Regulation Section 4043.61
(without regard to subparagraph (b)(1) thereof), and an event
described in subsection .62, .63, .64, .65, .66, .67 or .68 of PBGC Regulation Section 4043 is reasonably expected to occur with
respect to such plan within the following 30 days; that an accumulated funding deficiency, within
the meaning of Section 412 of the Code or Section 302 of ERISA, in excess of $250,000 has been
incurred or an application may be or has been made for a waiver or modification of the minimum
funding standard (including any required installment payments) or an extension of any amortization
period under Section 412 of the Code or Section 303 or 304 of ERISA with respect to a Plan; that
any contribution required to be made with respect to a Plan has not been timely made; that a Plan
has been or may be terminated, reorganized, partitioned or declared insolvent under Title IV of
ERISA; that a defined benefit Plan which is subject to Section 412 of the Code or Section 302 of
ERISA has an Unfunded Current Liability in excess of $250,000; that proceedings may be or have been
instituted to terminate or appoint a trustee to administer a Plan which is subject to Title IV of
ERISA; that a proceeding has been instituted pursuant to Section 515 of ERISA to collect a
delinquent contribution to a Plan; that the Borrower, any Subsidiary of the Borrower or any ERISA
Affiliate will or may incur any liability (including any indirect, contingent, or secondary
liability) to or on account of the termination of or withdrawal from a Plan under Section 4062,
4063, 4064, 4069, 4201, 4204 or 4212 of ERISA or with respect to a Plan under Section 401(a)(29),
4971, 4975 or 4980 of the Code or Section 409 or 502(i) or 502(l) of ERISA or with respect to a
group health plan (as defined in Section 607(1) of ERISA or Section 4980B(g)(2) of the Code) under
Section 4980B of the Code; or that the Borrower or any Subsidiary of the Borrower may incur any
liability pursuant to any employee welfare benefit plan (as defined in Section 3(1) of ERISA) that
provides death, health or severance benefits to retired employees or other former employees (other
than as required by Section 601 of ERISA or applicable state law) or any Plan (other than (x)
severance benefits paid pursuant to or in connection with a merger or acquisition permitted under
Section 7.02(a) and (y) death, health and severance benefits accrued on the books of the Borrower
and its Subsidiaries); provided that in each of the foregoing cases delivery is only
required in the event that the occurrence of any of the foregoing would or would reasonably be
expected to result in a Material Adverse Effect. At the request of any Bank, the Borrower will
promptly deliver to such Bank a complete copy of the annual report (on Internal Revenue Service
Form 5500 series) of each Plan (including, to the extent required, the related financial and
actuarial statements and opinions and other supporting statements, certifications, schedules and
information) required to be filed with the Internal Revenue Service. In addition to any
certificates or notices delivered to the Banks pursuant to the first sentence hereof, if requested
by the Banks, copies of any material notices received by the Borrower, any Subsidiary of the
Borrower or any ERISA Affiliate with respect to any Plan shall be delivered to the Banks no later
than 10 Business Days after the date such notice has been received by the Borrower, the Subsidiary
or the ERISA Affiliate, as applicable.

          6.08 Performance of Obligations. The Borrower will, and will cause each of its
Material Subsidiaries to, perform in all respects all of its obligations under the terms of each
mortgage, indenture, security agreement, other debt instrument and contract by which it is bound or
to which it is a party except where the failure to do so would not, individually or in the
aggregate, reasonably be expected to have a Material Adverse Effect.

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          6.09 Good Repair. The Borrower will, and will cause each of its Subsidiaries to, ensure that its properties
and equipment used or useful in its business in whomsoever’s possession they may be, are kept in
good repair, working order and condition, normal wear and tear excepted, and that from time to time
there are made in such properties and equipment all needful and proper repairs, renewals,
replacements, extensions, additions, betterments and improvements thereto, to the extent and in the
manner customary for companies in similar businesses, in each case except where the failure to do
so would not, individually or in the aggregate, reasonably be expected to have a Material Adverse
Effect.

          6.10 End of Fiscal Years; Fiscal Quarters. The Borrower will, for financial
reporting purposes, cause (i) each of its, and each of its Material Subsidiaries’, fiscal years to
end on December 31 of each year and (ii) each of its, and each of its Material Subsidiaries’,
fiscal quarters to end on March 31, June 30, September 30 and December 31 of each year;
provided, that in the event that the Borrower or any of its Material Subsidiaries acquires
a Material Subsidiary after the Restatement Effective Date which does not comply with the
requirements of this Section 6.10, there shall not be deemed to be a breach of this Section 6.10 as
to such Material Subsidiary so long as the fiscal year and fiscal quarter ends of such Material
Subsidiary are changed to comply with the terms of this Section 6.10 within one year following the
date of acquisition of such Material Subsidiary.

          6.11 Maintenance of Licenses and Permits. The Borrower will, and will cause each of
its Subsidiaries to, maintain all permits, licenses and consents as may be required for the conduct
of its business by any state, federal or local government agency or instrumentality except where
failure to maintain the same could not, individually or in the aggregate, reasonably be expected to
have a Material Adverse Effect.

          SECTION 7. Negative Covenants. The Borrower hereby covenants and agrees that on the
Restatement Effective Date and thereafter, for so long as this Agreement is in effect and until the
Loans together with interest, Fees and all other Obligations incurred hereunder, are paid in full:

          7.01 Changes in Business. The Borrower will not, and will not permit any of its
Material Subsidiaries to, engage in any material business other than the Insurance Business
(including, without limitation, life insurance and annuities) and the other types of business
currently conducted by the Borrower and/or its Material Subsidiaries (including, without
limitation, asset management, investment advisory and broker dealer services) and businesses
reasonably related to the foregoing; provided, that the foregoing covenant shall not be
deemed to limit portfolio investments by the Borrower and its Material Subsidiaries and shall not
be deemed violated based on any ancillary business conducted by a Person (or a Material Subsidiary
of such Person) who might become a Material Subsidiary of the Borrower after the Restatement
Effective Date.

          7.02 Consolidation, Merger, Sale or Purchase of Assets, etc. The Borrower will not, and will not permit any of its Material Subsidiaries to, wind up,
liquidate or dissolve its affairs, or enter into any transaction of merger or consolidation, or
sell or otherwise dispose of any of its property or assets (including the sale of capital stock of
any of its Material Subsidiaries, but excluding any sale or disposition of property or assets in
the Ordinary Course of

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Business), or purchase, lease or otherwise acquire (in one transaction or a
series of related transactions) all or any part of the property or assets of any other Person
(excluding any purchases, leases or other acquisitions of property or assets in, and for use in,
the Ordinary Course of Business) or agree to do any of the foregoing at any future time (unless
expressly made subject to the consent of the Required Banks), except that the following shall be
permitted:

          (a) so long as no Default or Event of Default is then in existence or would result therefrom,
the Borrower and its Material Subsidiaries may enter into mergers and acquisitions (including,
without limitation, stock and asset sales and acquisitions), and transactions reasonably incidental
thereto, provided that (x) in the case of any merger involving the Borrower, the Borrower
shall be the surviving corporation and (y) in the case of any merger involving a Material
Subsidiary of the Borrower, the surviving corporation of such merger shall be an existing or
resulting Wholly-Owned Material Subsidiary of the Borrower;

          (b) the Borrower and its Material Subsidiaries may acquire, hold, and dispose of portfolio
investments in accordance with investment guidelines approved in a written resolution by the board
of directors of the Borrower and its Material Subsidiaries from time to time;

          (c) any Regulated Insurance Company may enter into any Insurance Contract (including funding
agreements), Reinsurance Agreement or Retrocession Agreement in accordance with its underwriting,
indemnity and retention policies as in effect from time to time;

          (d) the Borrower or any of its Material Subsidiaries may enter into leases of property or
assets not otherwise in violation of this Agreement;

          (e) Wholly-Owned Subsidiaries of the Borrower may be merged or consolidated with and into
Wholly-Owned Subsidiaries of the Borrower;

          (f) the Borrower and its Wholly-Owned Subsidiaries may transfer property or assets (including,
without limitation, the capital stock of Subsidiaries) to or among one another;

          (g) each of the Borrower and its Material Regulated Insurance Companies may sell assets,
provided that:

     (i) the fair market value of any asset the subject of such asset sale, taken
together with the fair market value of all other assets the subject of such asset
sales pursuant to this Section 7.02(g)(i) in the same fiscal year, does not exceed
$50,000,000; or

     (ii) such asset sale is with respect to the assets of the Borrower or any of
its Material Subsidiaries and the net proceeds of such sale are either (x) employed
in the business of the Borrower and its Subsidiaries or reinvested within
180 days after receipt of such net proceeds in assets used in the business of
the Borrower or any of its Subsidiaries (including, without limitation, in the
investment portfolio of the Borrower and its Subsidiaries) or (y) used within 180
days after receipt of such net proceeds to repay Indebtedness of the Borrower or any
of its Subsidiaries;

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          (h) Material Subsidiaries which are not Material Regulated Insurance Companies may sell assets
provided that the fair market value of any asset the subject of such asset sale, taken
together with the fair market value of all other assets the subject of such asset sales pursuant to
this Section 7.02(h) in the same fiscal year, does not exceed 15% of the Borrower’s Consolidated
Net Worth as of the end of the preceding fiscal year; and

          (i) issuances, sales, dispositions, acquisitions and purchases of debt or equity securities of
the Borrower or a Subsidiary that is (x) a special purpose vehicle created in connection with an
offering of such securities and (y) not subject to the restrictions in Section 7.05.

Notwithstanding the foregoing provisions of this Section 7.02, neither the Borrower nor any of its
Subsidiaries may make a sale of or with respect to any capital stock of a Material Regulated
Insurance Company, but nothing in this sentence shall prohibit (x) any such Material Regulated
Insurance Company from merging with another Material Regulated Insurance Company in a transaction
permitted under clause (e) above or (y) any transfer of the capital stock of a Subsidiary to the
Borrower or a Wholly-Owned Subsidiary of the Borrower under clause (f) above.

          7.03 Liens. The Borrower will not, and will not permit any of its Material
Subsidiaries to, create, incur, assume or suffer to exist (collectively, “Incur”) any Lien upon or
with respect to any property or assets of any kind (real or personal, tangible or intangible) of
the Borrower or any such Material Subsidiary whether now owned or hereafter acquired, except:

          (a) Liens for taxes not yet due or Liens for taxes being contested in good faith and by
appropriate proceedings for which adequate reserves (in the good faith judgment of the management
of the Borrower) have been established;

          (b) Liens in respect of property or assets of the Borrower or any of its Material Subsidiaries
imposed by law which were Incurred in the Ordinary Course of Business, such as carriers’,
warehousemen’s and mechanics’ Liens and other similar Liens arising in the Ordinary Course of
Business, and (x) which do not in the aggregate materially detract from the value of such property
or assets or materially impair the use thereof in the operation of the business of the Borrower or
any Material Subsidiary or (y) which are being contested in good faith by appropriate proceedings,
which proceedings have the effect of preventing the forfeiture or sale of any material property or
asset subject to such Lien;

          (c) Liens in existence on the Restatement Effective Date which are listed, and the property
subject thereto on the Restatement Effective Date described, in Annex VIII, and any extensions or
renewals thereof (provided that (i) the securities subject to any such Lien may be
replaced by other securities of no greater principal amount and (ii) no such extension or
renewal will increase the obligations secured thereby or result in any such Lien attaching to any
additional property);

          (d) Liens arising from judgments, decrees or attachments in circumstances not constituting an
Event of Default under Section 8.07;

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          (e) Liens (other than any Lien imposed by ERISA) Incurred or deposits made in the Ordinary
Course of Business in connection with workers’ compensation, unemployment insurance and other types
of social security, or to secure the performance of tenders, statutory obligations, surety and
appeal bonds, bids, leases, government contracts, performance and return-of-money bonds,
Reinsurance Agreements, Retrocession Agreements and other similar obligations Incurred in the
Ordinary Course of Business (exclusive of obligations in respect of the payment for borrowed
money);

          (f) Leases or subleases granted to others not interfering in any material respect with the
business of the Borrower or any of its Material Subsidiaries and any interest or title of a lessor
under any lease or sublease not in violation of this Agreement;

          (g) Easements, rights-of-way, restrictions, minor defects or irregularities in title and other
similar charges or encumbrances not interfering in any material respect with the ordinary conduct
of the business of the Borrower or any of its Material Subsidiaries;

          (h) Liens arising from UCC financing statements regarding leases not in violation of this
Agreement;

          (i) Liens on pledges or deposits of cash or securities made by any Regulated Insurance Company
as a condition to obtaining or maintaining any licenses issued to it by any Applicable Insurance
Regulatory Authority;

          (j) Purchase money mortgages or security interests, conditional sale arrangements and other
similar security interests, on any tangible assets acquired by the Borrower or a Material
Subsidiary (hereinafter referred to individually as a “Purchase Money Security Interest”);
provided, however, that:

     (i) the transaction in which any Purchase Money Security Interest is proposed
to be created is not then prohibited by any other Section of this Agreement;

     (ii) any Purchase Money Security Interest shall attach only to the property or
asset acquired in such transaction and shall not extend to or cover any other assets
or properties of the Borrower or any Material Subsidiary;

     (iii) the Indebtedness secured or covered by any Purchase Money Security
Interest shall not exceed (at the time such Purchase Money Security Interest is
created) the lesser of the cost or fair market value of the property or asset
acquired; and

     (iv) the aggregate outstanding amount of all Indebtedness of the Borrower and
all of its Material Subsidiaries secured by Purchase Money Security Interests shall
not at any time exceed an amount equal to $45,000,000;

          (k) Liens on the property or assets of a Person which becomes a Material Subsidiary after the
date hereof securing Indebtedness permitted by subsection 7.04(i), provided that (i) such
Liens existed at the time such Person became a Material Subsidiary and were not

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created in anticipation thereof, (ii) any such Lien shall not extend to or cover any additional property or
assets of such Person, or any property of the Borrower or any other Material Subsidiary, after the
time such Person becomes a Material Subsidiary, and (iii) the amount of Indebtedness secured
thereby is not increased;

          (l) Liens securing Indebtedness permitted under Section 7.04(b);

          (m) Liens on marketable securities securing the Indebtedness permitted under Section 7.04(e);
provided that the principal amount of such Indebtedness so secured shall not exceed
$10,000,000;

          (n) Liens on marketable securities and on FHLB stock, in each case securing the Indebtedness
permitted under Section 7.04(j);

          (o) Liens on marketable securities securing the Indebtedness permitted under Section 7.04(d),
(f) or (l); provided that the principal amount of such Indebtedness so secured shall not
exceed $30,000,000;

          (p) Liens Incurred in the Ordinary Course of Business of acquiring, holding, managing and
disposing of invested assets, including without limitation investment accounts, futures accounts
and deposit accounts, in accordance with investment guidelines adopted by the Borrower and its
Material Subsidiaries from time to time;

          (q) Liens on property acquired pursuant to Permitted Transactions;

          (r) Liens Incurred on assets of any Regulated Insurance Company in connection with the
establishment, sale, issuance or maintenance of Policies issued by such Regulated Insurance Company
or the holding or investment of assets for such Policies, including but not limited to those
incident to separate accounts or funding agreements;

          (s) Liens securing the Obligations;

          (t) Liens Incurred on assets of any special purpose vehicle created for the benefit of holders
and/or for the benefit of a trustee of any securities in each case pursuant to the terms of any
Trust Preferred Offering or Hybrid Securities Issue; and

          (u) Liens (of a type and/or to an extent not otherwise permitted hereunder) which relate to
assets having a fair market value not in excess of $35,000,000.

          7.04 Indebtedness. The Borrower will not permit any of its Material Subsidiaries to Incur any Indebtedness for
borrowed money, except:

          (a) Indebtedness Incurred pursuant to this Agreement and the other Credit Documents;

          (b) Capitalized Lease Obligations of Material Subsidiaries, provided that the
aggregate Capitalized Lease Obligations under all Capital Leases, other than any Capital Leases
listed in Annex V, shall not exceed $50,000,000 at any time;

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          (c) Indebtedness in existence on the Restatement Effective Date and listed in Part A of Annex
V, together with any subsequent extension, renewal or refinancing thereof; provided that
the aggregate principal amount of the Indebtedness to be extended, renewed or refinanced does not
increase from that amount outstanding at the time of any such extension renewal or refinancing;

          (d) Indebtedness of any Regulated Insurance Company with respect to (i) letters of credit
securing obligations under Reinsurance Agreements entered into in the Ordinary Course of Business
of any such Regulated Insurance Company, (ii) letters of credit issued in lieu of deposits to
satisfy Legal Requirements or (iii) letters of credit or surety bonds issued in lieu of depositing
securities with any Applicable Insurance Regulatory Authority to satisfy regulatory requirements in
connection with worker’s compensation insurance; in any case to the extent (x) such letters of
credit are not drawn upon or, if and to the extent drawn upon, such drawing is reimbursed no later
than 10 days following receipt by the Borrower or such Subsidiary of notice of payment on such
letter of credit and (y) the aggregate outstanding amount of such obligations does not exceed
$5,000,000 at any time;

          (e) Indebtedness of Material Subsidiaries under Interest Rate Protection Agreements;

          (f) Indebtedness under reimbursement obligations in respect of letters of credit issued to
guaranty or support the payment of performance bonds, workers’ compensation claims, insurance
claims and contested appeals and compliance with operational and regulatory obligations incurred in
the ordinary course of business, in an aggregate principal amount not to exceed $20,000,000;

          (g) Indebtedness secured by Liens permitted under Section 7.03(j) and any extensions, renewals
or refinancing thereof;

          (h) Indebtedness (i) of any Wholly-Owned Subsidiary of the Borrower to the Borrower or (ii) of
any Wholly-Owned Subsidiary of the Borrower to any other Wholly-Owned Subsidiary of the Borrower;

          (i) Indebtedness of a Person which becomes a Material Subsidiary after the date hereof;
provided that (i) such Indebtedness existed at the time such Person became a Material
Subsidiary and was not created in anticipation thereof, (ii) immediately after giving effect to the
acquisition of such Person by the Borrower no Default or Event of Default shall have occurred and
be continuing, and (iii) the Borrower shall not become liable therefor;

          (j) Indebtedness of any Regulated Insurance Company owing to the Federal Home Loan Bank (the
“FHLB”) under a liquidity facility provided by the FHLB, and Indebtedness of any Regulated
Insurance Company consisting of Federal Home Loan Bank Community Investment Long Term Advances, so
long as the aggregate outstanding principal amount of Indebtedness under this clause (j) does not
exceed $150,000,000 at any time;

          (k) Indebtedness in respect of the AVLIC Guaranties;

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          (l) Indebtedness of Material Subsidiaries under letters of credit (other than Letters of
Credit) issued in the Ordinary Course of Business so long as the aggregate stated amount of all
such letters of credit at no time exceeds $75,000,000; and

          (m) Indebtedness in connection with any Trust Preferred Offering under the Trust Preferred
Related Debt Securities (including the related Indebtedness of the trust formed and the guaranty
provided in connection therewith), and Indebtedness of any Subsidiary that is a special purpose
vehicle created in connection with any Hybrid Securities Issue.

          7.05 Issuance of Stock. The Borrower will not permit any of its Material Regulated
Insurance Companies or any Material Subsidiary that directly or indirectly owns a Material
Regulated Insurance Company directly or indirectly to issue, sell, assign, pledge, or otherwise
encumber or dispose of any shares of the capital stock or other equity securities (or warrants,
rights or options to acquire shares or other equity securities) of such Material Regulated
Insurance Company or Material Subsidiary, as the case may be, except (i) to the Borrower or another
Wholly-Owned Subsidiary of the Borrower, (ii) to qualify directors if required by applicable law,
(iii) issuances of securities by special purpose Material Subsidiaries pursuant to structured
asset-backed securities transactions, (iv) issuances by special purpose Material Subsidiaries to
employees or officers of the Borrower or its Material Subsidiaries pursuant to an employee benefit
plan approved in writing by the board of directors (or similar governing body) of any such special
purpose Material Subsidiary or (v) issuances by special purpose Material Subsidiaries of the
Borrower operated in the Ordinary Course of Business in connection with transactions otherwise
permitted pursuant to Section 7.02(b).

          7.06 [Intentionally Omitted].

          7.07 Dividends, etc. The Borrower will not, and will not permit any of its
Subsidiaries to, declare or pay any dividends (other than dividends payable solely in common stock
of such Person) or return any capital to, its stockholders or authorize or make any other
distribution, payment or delivery of property or cash to its stockholders as such, or redeem,
retire, purchase or otherwise acquire, directly or indirectly, for a consideration, any shares of
any class of its capital stock now or hereafter outstanding (or any warrants for or options or
stock appreciation rights in respect of any of such shares), or set aside any funds for any of the
foregoing purposes, or purchase or otherwise acquire or permit any of its Subsidiaries to purchase
or otherwise acquire for consideration any shares of any class of the capital stock of the Borrower
or any other Subsidiary, as the case may be, now or hereafter outstanding (or any options or
warrants or stock appreciation
rights issued by such Person with respect to its capital stock) (all of the foregoing
“Dividends”); provided that Dividends shall be permitted at any time so long as no Default
or Event of Default exists at the time of such Dividend and no Default or Event of Default would
exist immediately after giving effect thereto.

          7.08 Limitation on Certain Restrictions. The Borrower will not, and will not permit
any of its Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist
any encumbrance or restriction which prohibits or otherwise restricts (i) the ability of any
Subsidiary to pay dividends or make other distributions or pay any Indebtedness owed to the
Borrower or any of its Subsidiaries, to make loans or advances to the Borrower or any Subsidiary,
to transfer any of its properties or assets to the Borrower or any Subsidiary or to

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guarantee the Obligations or (ii) the ability of the Borrower or any Subsidiary of the Borrower to create, incur,
assume or suffer to exist any Lien upon its property or assets to secure the Obligations, other
than (x) prohibitions or restrictions existing under or by reason of this Agreement and the other
Credit Documents, (y) prohibitions or restrictions existing under or by reason of Legal
Requirements, and (z) other prohibitions or restrictions which, either individually or in the
aggregate, would not reasonably be expected to have a material adverse effect on the Borrower’s
ability to perform its obligations under the Credit Documents.

          7.09 Transactions with Affiliates. The Borrower will not, and will not permit any
Material Subsidiary to, enter into any transaction or series of transactions with any Affiliate
other than on terms and conditions substantially as favorable to the Borrower or such Material
Subsidiary as would be obtainable by the Borrower or such Material Subsidiary at the time in a
comparable arm’s-length transaction with a Person other than an Affiliate; provided,
however, that:

     (i) the Borrower may enter into transactions with Material Subsidiaries in
connection with offerings of debt or equity securities provided such Material
Subsidiaries are special purpose vehicles created in connection with such offerings
and not subject to the restrictions in Section 7.05;

     (ii) the Borrower may enter into any transactions with any of its Wholly-Owned
Subsidiaries (including without limitation, investments in such Wholly-Owned
Subsidiaries), and any such Wholly-Owned Subsidiary may enter into any transactions
with the Borrower or any other such Wholly-Owned Subsidiary including investments
therein;

     (iii) the Subsidiaries of any Regulated Insurance Company may pay dividends and
make investments in, and advances and loans to, such Regulated Insurance Company;

     (iv) Regulated Insurance Companies may enter into reinsurance transactions with
one another; and

     (v) the Borrower may make contributions to its charitable foundation in an
aggregate amount of up to $1,000,000 per fiscal year.

          7.10 Leverage Ratio. The Borrower will not permit the Leverage Ratio at any time to
be greater than 0.35:1.0.

          7.11 [Intentionally Omitted].

          7.12 Minimum Consolidated Net Worth. The Borrower shall not permit its Consolidated
Net Worth at any time to be less than an amount equal to the sum of (x) $1,349,059,000 plus (y) 25%
of Consolidated Net Income (if positive) for each fiscal quarter of the Borrower (commencing with
the fiscal quarter ending June 30, 2006).

          7.13 Minimum Risk-Based Capital. The Borrower will not permit the Risk-Based Capital
for any Material Regulated Insurance Company to be less than 400%.

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          7.14 Foreign Pension Plans. The Borrower will not and will not permit any of its
Subsidiaries to maintain or contribute to (or have an obligation to contribute to) any Foreign
Pension Plans.

          SECTION 8. Events of Default. Upon the occurrence of any of the following specified
events (each an “Event of Default”):

          8.01 Payments. The Borrower shall (i) default in the payment when due of any
principal of any Loan or any Note or any Unpaid Drawing, (ii) default, and such default shall
continue for two or more Business Days, in the payment when due of any interest on any Loan or any
Note or any Fees or (iii) default in the prompt payment following notice or demand in respect of
any other amounts owing hereunder or under any other Credit Document; or

          8.02 Representations, etc. Any representation, warranty or material statement made
or deemed made by the Borrower herein or in any other Credit Document or in any certificate or
material statement delivered or required to be delivered pursuant hereto or thereto shall prove to
be untrue in any material respect on the date as of which made or deemed made; or

          8.03 Covenants. The Borrower shall (a) default in the due performance or observance by it of any term,
covenant or agreement contained in Section 6.10 or 7, or (b) default in the due performance or
observance by it of any term, covenant or agreement (other than those referred to in Section 8.01
or clause (a) of this Section 8.03) contained in this Agreement and such default shall continue
unremedied for a period of at least 30 days; or

          8.04 Default Under Other Agreements. The Borrower or any of its Material
Subsidiaries shall (i) default in any payment with respect to Indebtedness (other than the
Obligations) in excess of $50,000,000 individually or in the aggregate, for the Borrower and its
Material Subsidiaries, beyond the period of grace, if any, provided in the instrument or agreement
under which such Indebtedness was created or (ii) default in the observance or performance of any
agreement or condition relating to any such Indebtedness or contained in any instrument or
agreement evidencing, securing or relating thereto, or any other event shall occur or condition
exist, the effect of which default or other event or condition is to cause, or to permit the holder
or holders of such Indebtedness (or a trustee or agent on behalf of such holder or holders) to
cause (determined without regard to whether any notice of acceleration, or any lapse of time prior
to the effectiveness of any notice of acceleration, is required), any such Indebtedness to become
due prior to its stated maturity; or (b) Indebtedness of the Borrower or its Material Subsidiaries
in excess of $50,000,000 shall be declared to be due and payable other than in accordance with the
terms of such Indebtedness or required to be prepaid, other than by a regularly scheduled required
prepayment or as a mandatory prepayment (unless such required prepayment or mandatory prepayment
results from a default thereunder or an event of the type that constitutes an Event of Default),
prior to the stated maturity thereof; or

          8.05 Bankruptcy, etc. The Borrower or any of its Material Subsidiaries shall
commence a voluntary case concerning itself under Title 11 of the United States Code entitled
“Bankruptcy,” as now or hereafter in effect, or any successor thereto (the “Bankruptcy Code”); or
an involuntary case is commenced against the Borrower or any of its Material Subsidiaries and the
petition is not controverted within 10 days, or is not dismissed within 60 days, after

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commencement of the case; or a custodian (as defined in the Bankruptcy Code) is appointed for, or takes charge
of, all or substantially all of the property of the Borrower or any of its Material Subsidiaries;
or the Borrower or any of its Material Subsidiaries commences (including by way of applying for or
consenting to the appointment of, or the taking of possession by, a rehabilitator, receiver,
custodian, trustee, conservator or liquidator (collectively, a “conservator”) of itself or all or
any substantial portion of its property) any other proceeding under any reorganization,
arrangement, adjustment of debt, relief of debtors, dissolution, insolvency, liquidation,
rehabilitation, conservatorship or similar law of any jurisdiction whether now or hereafter in
effect relating to the Borrower or any of its Material Subsidiaries; or any such proceeding is
commenced against (a) any Material Regulated Insurance Company which is engaged in the business of
underwriting insurance and/or reinsurance in the United States, or (b) the Borrower or any of its
Material Subsidiaries (other than (x) any Material Regulated Insurance Company described in the
immediately preceding clause (a) or (y) any dissolution or liquidation proceeding commenced against
a non-Regulated Insurance Company (i) the assets of which do not exceed an aggregate
amount of $100,000 and (ii) in connection with the winding-up of such Material Subsidiary) to
the extent such proceeding is consented to by such Person, and in the case of either clause (a) or
(b) remains undismissed for a period of 60 days; or the Borrower or any of its Material
Subsidiaries is adjudicated insolvent or bankrupt; or any order of relief or other order approving
any such case or proceeding is entered; or (a) any Material Regulated Insurance Company which is
engaged in the business of underwriting insurance and/or reinsurance in the United States suffers
any appointment of any conservator or the like for it or any substantial part of its property, or
(b) the Borrower or any of its Material Subsidiaries (other than any Regulated Insurance Company
described in the immediately preceding clause (a)) suffers any appointment of any conservator or
the like for it or any substantial part of its property which continues undischarged or unstayed
for a period of 60 days; or the Borrower or any of its Material Subsidiaries makes a general
assignment for the benefit of creditors; or any corporate action is taken by the Borrower or any of
its Material Subsidiaries for the purpose of effecting any of the foregoing; or

          8.06 ERISA. (a) Any Plan shall fail to satisfy the minimum funding standard
required for any plan year or part thereof under Section 412 of the Code or Section 302 of ERISA or
a waiver of such standard or extension of any amortization period is sought or granted under
Section 412 of the Code or Section 303 or 304 of ERISA, a Reportable Event shall have occurred, any
Plan which is subject to Title IV of ERISA shall have had or is likely to have a trustee appointed
by the PBGC to administer such Plan, any Plan which is subject to Title IV of ERISA is, shall have
been or is likely to be terminated or to be the subject of termination proceedings under ERISA, any
defined benefit Plan which is subject to Section 412 of the Code or Section 302 of ERISA shall have
an Unfunded Current Liability, a contribution required to be made with respect to a Plan has not
been timely made, the Borrower or any Subsidiary of the Borrower or any ERISA Affiliate has
incurred or is likely to incur any liability to or on account of a Plan under Section 409, 502(i),
502(l), 515, 4062, 4063, 4064, 4069, 4201, 4204 or 4212 of ERISA or Section 401(a)(29), 4971 or
4975 of the Code or on account of a group health plan (as defined in Section 607(1) of ERISA or
Section 4980B(g)(2) of the Code) under Section 4980B of the Code, or the Borrower or any Subsidiary
of the Borrower has incurred or is likely to incur liabilities pursuant to one or more employee
welfare benefit plans (as defined in Section 3(1) of ERISA) that provide death, health or severance
benefits to retired employees or other former employees (other than as required by Section 601 of
ERISA or applicable state law) or Plans;

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and (b) there shall result from any such event or events
the imposition of a lien, the granting of a security interest, or a liability; and (c) such lien,
security interest or liability, individually and/or in the aggregate, has had, or would reasonably
be expected to have, a Material Adverse Effect; or

          8.07 Judgments. One or more judgments or decrees shall be entered against the
Borrower or any of its Material Subsidiaries involving a liability, net of undisputed reinsurance,
of $50,000,000 or more in the case of any one such judgment or decree or in the aggregate for all
such judgments and decrees for the Borrower and its Material Subsidiaries and any such judgments or
decrees shall not have been vacated, discharged, satisfied, stayed or bonded pending appeal within
60 days from the entry thereof; provided, that in the event that a judgment or decree is
entered against the Borrower or any of its Material Subsidiaries which by its terms provides for
its payment and satisfaction during a period of longer than 60 days, then there shall be no
Default or Event of Default under this Section 8.07 as a result of such a judgment or decree so
long as the Borrower or its Material Subsidiary, as the case may be, is in compliance with the
terms of such judgment or decree; or

          8.08 Revocation of Insurance License. Any Insurance License shall be suspended or
revoked and such suspension or revocation shall continue for 30 days, or any renewal application
for any Insurance License shall be disapproved or ultimately fail to be approved, if such
suspension, revocation, disapproval or ultimate failure to win approval would reasonably be
expected to have a Material Adverse Effect; or

          8.09 Ownership. A Change of Control shall occur;

then, and in any such event, and at any time thereafter, if any Event of Default shall then be
continuing, the Administrative Agent shall, upon the written request of the Required Banks, by
written notice to the Borrower, take any or all of the following actions, without prejudice to the
rights of the Administrative Agent or any Bank to enforce its claims against the Borrower, except
as otherwise specifically provided for in this Agreement (provided that if an Event of
Default specified in Section 8.05 shall occur with respect to the Borrower, the result which would
occur upon the giving of written notice by the Administrative Agent as specified in clauses (i) and
(ii) below shall occur automatically without the giving of any such notice): (i) declare the Total
Commitment terminated, whereupon the Commitment of each Bank shall forthwith terminate immediately
and any Commitment Fees and Utilization Fees shall forthwith become due and payable without any
other notice of any kind, (ii) declare the principal of and any accrued interest in respect of all
Loans and all Obligations owing hereunder and under the other Credit Documents to be, whereupon the
same shall become, forthwith due and payable without presentment, demand, protest or other notice
of any kind, all of which are hereby waived by the Borrower (iii) terminate any Letter of Credit or
give a Notice of Non-Extension in respect thereof if permitted in accordance with its terms, and/or
(iv) direct the Borrower to pay (and the Borrower hereby agrees upon receipt of such notice, or
upon the occurrence of any Event of Default specified in Section 8.05, to pay) to the
Administrative Agent at the Payment Office an amount of cash to be held as security for the
Borrower’s reimbursement obligations in respect of all Letters of Credit then outstanding which
were issued for the account of the Borrower, equal to the aggregate Stated Amount of all such
Letters of Credit at such time.

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          SECTION 9. Definitions. As used herein, the following terms shall have the meanings
herein specified unless the context otherwise requires. Defined terms in this Agreement shall
include in the singular number the plural and in the plural the singular:

          “Administrative Agent” shall have the meaning provided in the first paragraph of this
Agreement and shall include any successor to the Administrative Agent appointed pursuant to Section
10.09.

          “Administrative Questionnaire” shall mean an Administrative Questionnaire in a form supplied
by the Administrative Agent.

          “Affiliate” shall mean, with respect to any Person, any other Person directly or indirectly
controlling, controlled by, or under direct or indirect common control with, such Person,
provided, that a Person shall not be deemed to be an Affiliate solely as a result of a
title or position held by such Person. A Person shall be deemed to control a corporation if such
Person possesses, directly or indirectly, the power (i) to vote 10% or more of the securities
having ordinary voting power for the election of directors of such corporation or (ii) to direct or
cause the direction of the management and policies of such corporation, whether through the
ownership of voting securities, by contract or otherwise.

          “Agreement” shall mean this Credit Agreement, as the same may be from time to time modified,
amended and/or supplemented.

          “Alternative Credit Rating” shall mean (i) the ratings level assigned to the senior unsecured
long-term debt of the Borrower (it being understood that such ratings level shall include all
relevant modifiers) by a nationally recognized rating agency (other than Moody’s and S&P) selected
by the Borrower and reasonably acceptable to the Administrative Agent, or (ii) if the ratings level
referred to in clause (i) above cannot be obtained by the Borrower, the rating three levels below
the claims paying rating assigned by Moody’s, S&P or such other rating agency, as applicable, to
AmerUs Life. If any of the foregoing ratings shall be changed by the relevant rating agency, such
change shall be effective for purposes of this definition on the Business Day following the day on
which such rating agency announces such change.

          “AmerUs Annuity” shall mean AmerUs Annuity Group Co., a Kansas Corporation.

          “AmerUs Life” shall mean AmerUs Life Insurance Company, an Iowa stock life insurance company.

          “Annual Statement” shall mean the annual financial statement required to be filed by any
Regulated Insurance Company with the Applicable Insurance Regulatory Authority.

          “Applicable Commitment Fee Percentage” shall mean, for any day, the percentage set forth below
opposite the Applicable Credit Rating then in effect:

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	   Applicable	 	Applicable Commitment
	Credit Rating	 	Fee Percentage
	A-/A3 or higher
	 	 	0.070	%
	BBB+/Baa1
	 	 	0.090	%
	BBB/Baa2
	 	 	0.100	%
	BBB-/Baa3
	 	 	0.125	%
	BB+/Bal or lower
	 	 	0.250	%

          “Applicable Credit Rating” shall mean (i) the Moody’s Credit Rating and the S&P Credit Rating,
if the same; (ii) if the Moody’s Credit Rating and the S&P Credit Rating differ by
one rating level, the Applicable Credit Rating shall be the higher of such Credit Ratings;
(iii) if the Moody’s Credit Rating and the S&P Credit Rating differ by two or more rating levels,
the Applicable Credit Rating shall be one rating level below the higher of such Credit Ratings and
(iv) if either the Moody’s Credit Rating or the S&P Credit Rating is less than BBB- or Baa3,
respectively, the Applicable Credit Rating shall be the lower of such Credit Ratings;
provided that in the event the Borrower ceases to maintain a Moody’s Credit Rating or S&P
Credit Rating, such rating shall be replaced by an Alternative Credit Rating.

          “Applicable Insurance Regulatory Authority” shall mean, when used with respect to any
Regulated Insurance Company, the insurance department or similar administrative authority or agency
located in (x) each state in which such Regulated Insurance Company is domiciled or (y) to the
extent asserting regulatory jurisdiction over such Regulated Insurance Company, the insurance
department, authority or agency in each state in which such Regulated Insurance Company is
licensed, and shall include any Federal insurance regulatory department, authority or agency that
may be created and that asserts regulatory jurisdiction over such Regulated Insurance Company.

          “Applicable Laws” shall mean all applicable laws and treaties, judgments, decrees,
injunctions, writs and orders of any court, arbitrator or governmental agency or authority and
rules, regulations, orders, licenses and permits of any governmental body, instrumentality, agency
or authority.

          “Applicable Margin” shall mean, for any day, the rate per annum set forth below opposite the
Applicable Credit Rating then in effect:

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	 	 	Applicable Margin for	 	Applicable Margin for
	   Applicable	 	Loans maintained as	 	Loans maintained as
	Credit Rating	 	Eurodollar Loans	 	Base Rate Loans
	A-/A3 or higher
	 	 	0.350	%	 	 	0.000	%
	BBB+/Baa1
	 	 	0.400	%	 	 	0.000	%
	BBB/Baa2
	 	 	0.500	%	 	 	0.000	%
	BBB-/Baa3
	 	 	0.625	%	 	 	0.000	%
	BB+/Bal or lower
	 	 	1.000	%	 	 	0.000	%

          “Authorized Control Level” shall mean “Authorized Control Level” as defined by the NAIC from
time to time and as applied in the context of the Risk Based Capital Guidelines promulgated by the
NAIC (or any term substituted therefor by the NAIC).

          “Authorized Officer” shall mean any senior officer of the Borrower designated as such in
writing by the Borrower to, and found acceptable by, the Administrative Agent.

          “AVLIC Guaranties” shall mean and include each of the guaranty agreements (i) by AmerUs Life
(f/k/a American Mutual Life Insurance Company) in favor of Ameritas Variable Life Insurance Company
(“AVLIC”)dated as of April 1, 1996 and (ii) by the Borrower in favor of AVLIC after the Restatement
Effective Date on substantially the same terms as the foregoing.

          “Bank” shall have the meaning provided in the first paragraph of this Agreement.

          “Bank Default” shall mean (i) the wrongful refusal (which has not been retracted) of a Bank to
make available its portion of any Borrowing or to comply with its obligations under Section 1A.04
or (ii) a Bank having notified the Administrative Agent and/or the Borrower that it does not intend
to comply with its obligations under Section 1.01 or 1A.

          “Bankruptcy Code” shall have the meaning provided in Section 8.05.

          “Base Rate” at any time shall mean the higher of (x) the rate which is 1/2 of 1% in excess of
the Federal Funds Effective Rate and (y) the Prime Lending Rate as in effect from time to time.

          “Base Rate Loans” shall mean each Loan bearing interest at the rates provided in Section
1.08(a).

          “Borrower” shall have the meaning provided in the first paragraph of this Agreement.

          “Borrowing” shall mean the incurrence of one Type of Loan hereunder by the Borrower from all
of the Banks on a pro rata basis on a given date (or resulting from a conversion or conversions on
such date), having in the case of Eurodollar Loans the same Interest Period, provided that
Base Rate Loans incurred pursuant to Section 1.10(b) shall be considered part of any related
Borrowing of Eurodollar Loans.

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          “Business Day” shall mean (i) for all purposes other than as covered by clause (ii) below, any
day, excluding Saturday, Sunday and any day which shall be in the City of New York a legal holiday
or a day on which banking institutions are authorized by law or other governmental actions to
close, and (ii) with respect to all notices and determinations in connection with, and payments of
principal and interest on, Eurodollar Loans, any day which is a Business Day described in clause
(i) and which is also a day for trading by and between banks in U.S. dollar deposits in the
interbank Eurodollar market.

          “Capital Lease” as applied to any Person, shall mean any lease of any property (whether real,
personal or mixed) by that Person as lessee which, in conformity with GAAP, is, or is required to
be, accounted for as a capital lease on the balance sheet of that Person; provided that,
notwithstanding the foregoing, “Capital Lease” shall not include any lease which is entered into
solely to effect a Permitted Transaction.

          “Capitalized Lease Obligations” shall mean all obligations under Capital Leases of the
Borrower or any of its Subsidiaries in each case taken at the amount thereof accounted for as
liabilities in accordance with GAAP.

          “Change of Control” shall mean the occurrence of any of the following events: (i) the
Borrower shall cease to own, directly, or indirectly through Wholly-Owned Subsidiaries, 100% of the
issued and outstanding voting stock of AmerUs Life, AmerUs Annuity and Indianapolis Life ordinarily
entitled to vote for the election of directors, or any other class of stock of AmerUs Life, AmerUs
Annuity or Indianapolis Life of which the Borrower owns 50%
or less shall become entitled to elect a majority of AmerUs Life’s, AmerUs Annuity’s or
Indianapolis Life’s board of directors; (ii) during any period of 25 consecutive calendar months,
individuals who at the beginning of such period constituted the Board of Directors of the Borrower
(together with any new directors whose election by such Board of Directors or whose nomination for
election by the stockholders or members, as the case may be, of the Borrower was approved by a vote
of a majority of the directors then still in office who were either directors at the beginning of
such period or whose election or nomination for election was previously so approved) cease for any
reason to constitute a majority of such Board of Directors then in office; (iii) any Person or
“group” (within the meaning of Sections 13(d) and 14(d) under the Securities Exchange Act, as in
effect on September 30, 2001), shall have (A) acquired beneficial ownership of 25% or more on a
fully diluted basis of the voting interest in the Borrower’s capital stock or (B) obtained the
power (whether or not exercised) to elect a majority of the Borrower’s directors or (iv) the
occurrence of any “change of control” or similar event under the terms of any Trust Preferred
Related Debt Securities or any Hybrid Securities the aggregate principal amount of which, in any
such case, exceeds $50,000,000.

          “Chase” shall mean JPMorgan Chase Bank, N.A.

          “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time, and the
regulations promulgated and rulings issued thereunder. Section references to the Code are to the
Code, as in effect at the date of this Agreement and any subsequent provisions of the Code,
amendatory thereof, supplemental thereto or substituted therefor.

-49-

 

          “Commitment” shall mean, with respect to each Bank, the amount set forth opposite such Bank’s
name on Annex I hereto, as the same may be (x) reduced or terminated pursuant to Sections 2.02,
2.03 and/or 8, (y) adjusted from time to time as a result of assignment to or from such Bank
pursuant to Sections 1.14, 11.04(b) or (z) increased pursuant to Section 1.13.

          “Commitment Fee” shall have the meaning provided in Section 2.01(a).

          “Consolidated Indebtedness” shall mean, at any time and as to any Person, all Indebtedness for
borrowed money of such Person and its Subsidiaries at such time determined on a consolidated basis
in accordance with GAAP, provided that as to the Borrower (i) 50% of any Trust Preferred
Offering shall constitute Consolidated Indebtedness, and (ii) Consolidated Indebtedness shall
exclude the aggregate outstanding Indebtedness evidenced by all outstanding Hybrid Securities to
the extent (x) the accreted value of such Indebtedness does not exceed the HS Exclusion Amount and
(y) S&P does not include such Indebtedness under such Hybrid Securities as financial leverage.

          “Consolidated Net Income” shall mean, for any fiscal quarter of the Borrower, an amount equal
to the net income of the Borrower and its Subsidiaries (determined on a consolidated basis in
accordance with GAAP) for such fiscal quarter.

          “Consolidated Net Worth” shall mean, with respect to any Person, the sum of its capital stock
(including, without limitation, preferred stock), capital in excess of par or stated value of
shares of capital stock (including, without limitation, its preferred stock), retained
earnings and any other account which, in accordance with GAAP, constitutes stockholders
equity, but excluding (i) any treasury stock and (ii) accumulated other comprehensive income, in
each case, of such Person and its Subsidiaries determined on a consolidated basis in accordance
with GAAP after appropriate deduction for any minority interests in Subsidiaries; provided
that, as to the Borrower (i) 50% of the nominal value of any securities issued in respect of any
Trust Preferred Offering shall constitute stockholder’s equity, and (ii) the nominal value of any
securities issued in respect of any Hybrid Securities shall constitute stockholders equity to the
extent (x) the accreted value of such securities does not exceed the HS Exclusion Amount and (y)
S&P does not include such securities as financial leverage.

          “Consolidated Total Capital” shall mean, at any time and as to any Person, the sum of
Consolidated Indebtedness of such Person and Consolidated Net Worth of such Person at such time.

          “Contingent Obligations” shall mean, as to any Person, any obligation of such Person
guaranteeing or intended to guarantee any Indebtedness, leases, dividends or other obligations
(“primary obligations”) of any other Person (the “primary obligor”) in any manner, whether directly
or indirectly, including, without limitation, any obligation of such Person, whether or not
contingent, (a) to purchase any such primary obligation or any property constituting direct or
indirect security therefor, (b) to advance or supply funds (i) for the purchase or payment of any
such primary obligation or (ii) to maintain working capital or equity capital of the primary
obligor or otherwise to maintain the net worth or solvency of the primary obligor, (c) to purchase
property, securities or services primarily for the purpose of assuring the owner of any such

-50-

 

primary obligation of the ability of the primary obligor to make payment of such primary obligation
or (d) otherwise to assure or hold harmless the owner of such primary obligation against loss in
respect thereof; provided, however, that the term Contingent Obligation shall not
include (x) endorsements of instruments for deposit or collection in the ordinary course of
business or (y) obligations of any Regulated Insurance Company under Insurance Contracts,
Reinsurance Agreements or Retrocession Agreements. The amount of any Contingent Obligation shall
be deemed to be an amount equal to the stated or determinable amount of the primary obligation in
respect of which such Contingent Obligation is made or, if not stated or determinable, the maximum
reasonably anticipated liability in respect thereof (assuming such Person is required to perform
thereunder) as determined by such Person in good faith.

          “Credit Documents” shall mean this Agreement, the Notes, any Incremental Commitment Agreement
and all other documents, instruments and agreements entered into in connection herewith or
therewith.

          “Default” shall mean any event, act or condition which with notice or lapse of time, or both,
would constitute an Event of Default.

          “Defaulting Bank” shall mean any Bank with respect to which a Bank Default is in effect.

          “Dollars” and the sign “$” shall mean freely transferable lawful money of the United
States.

          “Dividends” shall have the meaning provided in Section 7.07.

          “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended from time
to time and the regulations promulgated and rulings issued thereunder. Section references to ERISA
are to ERISA, as in effect at the date of this Agreement and any subsequent provisions of ERISA,
amendatory thereof, supplemental thereto or substituted therefor.

          “ERISA Affiliate” shall mean each person (as defined in Section 3(9) of ERISA) which together
with the Borrower or a Subsidiary of the Borrower would be deemed to be a “single employer” within
the meaning of Section 414(b),(c), (m) or (o) of the Code.

          “ESG” shall have the meaning provided in the definition of “Subsidiary”.

          “Eurodollar Loans” shall mean each Loan bearing interest at the rates provided in Section
1.08(b).

          “Eurodollar Rate” shall mean, with respect to each Interest Period for a Eurodollar Loan, (i)
the arithmetic average (rounded to the nearest 1/100 of 1%) of (a) for Interest Periods of one,
two, three or six months, the offered rates for U.S. dollar deposits having a term comparable to
such Interest Period and of amounts in same day funds comparable to the outstanding principal
amount of such Eurodollar Loan which appear on the Dow Jones Telerate Screen LIBO Page, or (b) for
an Interest Period of one week, the offered quotation to first-class banks in the interbank
Eurodollar market by Chase for U.S. dollar deposits having a term

-51-

 

comparable to such Interest
Period and of amounts in same day funds comparable to the outstanding principal amount of such
Eurodollar Loan for which an interest rate is then being determined by Chase, in the case of each
of clauses (a) and (b) above determined as of 10:00 A.M. (New York time) on the date which is two
Business Days prior to the commencement of such Interest Period divided (and rounded upward to the
next whole multiple of 1/16 of 1%) by (ii) a percentage equal to 100% minus the then stated maximum
rate of all reserve requirements (including, without limitation, any marginal, emergency,
supplemental, special or other reserves) applicable to any member bank of the Federal Reserve
System in respect of Eurocurrency liabilities as defined in Regulation D (or any successor category
of liabilities under Regulation D).

          “Event of Default” shall have the meaning provided in Section 8.

          “Expiration Date” shall mean June 30, 2006.

          “Federal Funds Effective Rate” shall mean for any period, a fluctuating interest rate 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 which is
a Business Day, the average of the quotations for such day on such transactions received by the
Administrative Agent from three Federal Funds brokers of recognized standing selected in good faith
by the Administrative Agent.

          “Fees” shall mean all amounts payable pursuant to, or referred to in, Section 2.01.

          “FHLB” shall have the meaning provided in Section 7.04(j).

          “Foreign Pension Plan” shall mean any plan, fund (including, without limitation, any
superannuation fund) or other similar program established or maintained outside of the United
States of America by the Borrower or any one or more of its Subsidiaries primarily for the benefit
of employees of the Borrower or such Subsidiaries residing outside the United States of America,
which plan, fund or other similar program provides, or results in, retirement income, a deferral of
income in contemplation of retirement or payments to be made upon termination of employment, and
which plan is not subject to ERISA or the Code.

          “Fronting Fee” shall mean a fee payable by the Borrower to the Issuing Bank, pursuant to a fee
letter entered into by the Borrower and the Issuing Bank, to compensate the Issuing Bank for
issuing Letters of Credit on behalf of the Banks hereunder.

          “GAAP” shall mean generally accepted accounting principles in the United States of America; it
being understood and agreed that determinations in accordance with GAAP for purposes of Section 7,
including defined terms as used therein, are subject (to the extent provided therein) to Section
11.07(a).

          “Governmental Authority” shall mean any nation or government, any state or other political
subdivision thereof and any entity exercising executive, legislative, judicial, regulatory or
administrative functions of or pertaining to government.

-52-

 

          “HS Exclusion Amount” shall mean, on the date of determination, an amount equal to 15% of
Consolidated Total Capital.

          “Hybrid Securities Issue” shall mean an issue of Hybrid Securities but excluding any Trust
Preferred Offering.

          “Hybrid Securities” shall mean an offering of junior subordinated debentures or other
subordinated securities of the Borrower either directly or through a Subsidiary that is a special
purpose vehicle created in connection with such offering, but excluding any Trust Preferred
Offering.

          “Incremental Bank” shall have the meaning provided in Section 1B.02.

          “Incremental Commitment” shall mean, for any Bank, any commitment by such Bank pursuant to
Section 1.13, as agreed to by such Bank in the respective Incremental Commitment Agreement; it
being understood, however, that on each date upon which an Incremental Commitment of any
Bank becomes effective, such Incremental Commitment of such Bank shall be added to (and thereafter
become a part of) the Commitment of such Bank for all purposes of this Agreement as contemplated by
Section 1.13.

          “Incremental Commitment Agreement” shall mean an agreement in the form of Exhibit H
(appropriately completed) executed in accordance with Section 1.13.

          “Incremental Commitment Request Requirements” shall mean, with respect to any request for an
Incremental Commitment made pursuant to Section 1.13, the satisfaction of
each of the following conditions on the date of such request: (i) no Default or Event of
Default then exists or would result therefrom and (ii) all of the representations and warranties
contained herein and in the other Credit Documents are true and correct in all material respects at
such time (unless stated to relate to a specific earlier date, in which case such representations
and warranties shall be true and correct in all material respects as of such earlier date).

          “Incremental Loan Commitment Requirements” shall mean, with respect to any provision of an
Incremental Commitment on a given Incremental Loan Commitment Date (as defined in Section 1.13(b)),
the satisfaction of each of the following conditions on or prior to the effective date of the
respective Incremental Loan Commitment Agreement: (i) no Default or Event of Default then exists
or would result therefrom, (ii) all of the representations and warranties contained herein and in
the other Credit Documents are true and correct in all material respects at such time (unless
stated to relate to a specific earlier date, in which case such representations and warranties
shall be true and correct in all material respects as of such earlier date), (iii) the delivery by
the Borrower to the Administrative Agent of an officer’s certificate executed by an Authorized
Officer of the Borrower and certifying as to compliance with preceding clauses (i) and (ii), (iv)
the delivery by the Borrower to the Administrative Agent of an opinion, in form and substance
reasonably satisfactory to the Administrative Agent, from counsel to the Borrower and dated such
date, covering such of the matters set forth in the opinions of counsel delivered to the
Administrative Agent on the Restatement Effective Date pursuant to Section 4.01(b) as may be
reasonably requested by the Administrative Agent, and such other matters incident to the
transactions contemplated thereby as the Administrative Agent may

-53-

 

reasonably request, (v) the
delivery by the Borrower to the Administrative Agent of such other officers’ certificates and
evidence of good standing as the Administrative Agent shall reasonably request and (vi) the
completion by the Borrower of such other actions as the Administrative Agent may reasonably request
in connection with such Incremental Commitment.

          “Incur” shall have the meaning provided in Section 7.03.

          “Indebtedness” of any Person shall mean (i) all indebtedness of such Person for borrowed
money, (ii) the deferred purchase price of assets or services which in accordance with GAAP would
be shown on the liability side of the balance sheet of such Person, (iii) the face amount of all
letters of credit issued for the account of such Person and, without duplication, all drafts drawn
thereunder, (iv) all Indebtedness of a second Person secured by any Lien on any property owned by
such first Person, whether or not such Indebtedness has been assumed, (v) all Capitalized Lease
Obligations of such Person, (vi) all obligations of such Person under Interest Rate Protection
Agreements and (vii) all Contingent Obligations of such Person with respect to any of the
foregoing; provided, that Indebtedness shall not include (w) obligations of the Borrower or any of
its Subsidiaries described in clauses (x) or (y) of the definition of “Subsidiary,” (x) trade
payables (including payables under insurance contracts and reinsurance payables) and accrued
expenses, in each case arising in the ordinary course of business and (y) obligations with respect
to Policies.

          “Indianapolis Life” shall mean Indianapolis Life Insurance Company, an Indiana life insurance
company.

          “Initial Offering” shall mean, collectively, a transaction involving the sale of Trust
Preferred Related Debt Securities of the Borrower to a Delaware statutory business trust which
constitutes a Subsidiary of the Borrower and the concurrent sale by such Subsidiary of preferred
equity securities, which transaction was consummated on February 3, 1997.

          “Insurance Business” shall mean one or more aspects of the business of selling, issuing or
underwriting insurance or reinsurance.

          “Insurance Contract” shall mean any insurance contract or policy issued by a Regulated
Insurance Company but shall not include any Reinsurance Agreement or Retrocession Agreement.

          “Insurance Licenses” shall mean each insurance license necessary for the conduct of business
by any Regulated Insurance Company.

          “Interest Period” shall mean, with respect to any Eurodollar Loan, the interest period
applicable thereto, as determined pursuant to Section 1.09.

          “Interest Rate Protection Agreement” shall mean any interest rate swap agreement, interest
rate cap agreement, interest rate collar agreement, interest rate hedging agreement or other
similar agreement or arrangement.

          “Issuing Bank” shall mean (i) Chase and (ii) each other Bank, if any, as requested by the
Borrower to issue Letters of Credit hereunder to the extent agreed by such other Bank and

-54-

 

the Administrative Agent. Any Issuing Bank may, in its discretion, arrange for one or more Letters of
Credit to be issued by one or more Affiliates of such Issuing Bank, provided, in each case,
that the Borrower does not reasonably object based on such Affiliate’s creditworthiness, and the
term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by
it.

          “Legal Requirements” shall mean all applicable laws, rules and regulations made by any
governmental body or regulatory authority (including, without limitation, any Applicable Insurance
Regulatory Authority) having jurisdiction over the Borrower or a Subsidiary of the Borrower.

          “Letter of Credit” shall have the meaning provided in Section 1A.01(a).

          “Letter of Credit Fee” shall have the meaning provided in Section 2.01(b).

          “Letter of Credit Outstandings” shall mean, at any time, the sum of, without duplication (i)
the aggregate Stated Amount of all Letters of Credit plus (ii) the aggregate amount of all
Unpaid Drawings in respect of all Letters of Credit.

          “Letter of Credit Request” shall have the meaning provided in Section 1A.02(a).

          “Letter of Credit Supportable Obligations” shall mean obligations of the Borrower or any of
its Subsidiaries to any other Person which are permitted to exist pursuant to the terms of this
Agreement.

          “Leverage Ratio” shall mean the ratio of (i) Consolidated Indebtedness of the Borrower to (ii)
Consolidated Total Capital of the Borrower.

          “Lien” shall mean any mortgage, pledge, security interest, encumbrance, lien or charge of any
kind (including any agreement to give any of the foregoing, any conditional sale or other title
retention agreement or any lease in the nature thereof), or any understanding or agreement to
repurchase any property or assets sold by any Person (including sales of accounts receivable or
notes with recourse to such Person), or the assignment of any right to receive income, or the
filing of any financing statement under the UCC or any other similar notice under any similar
recording or notice statute relating to any property.

          “Loan” shall have the meaning provided in Section 1.01.

          “Margin Stock” shall have the meaning provided in Regulation U.

          “Material Adverse Effect” shall mean a material adverse effect on the assets, liabilities or
financial condition of the Borrower or of the Borrower and its Subsidiaries taken as a whole.

          “Material Regulated Insurance Company” shall mean each Regulated Insurance Company which has a
statutory surplus equal to or greater than $15,000,000.

-55-

 

          “Material Subsidiary” shall mean any Subsidiary of the Borrower the book value (determined in
accordance with GAAP) of whose assets constitutes 3% or more of the book value (determined in
accordance with GAAP) of the consolidated assets of the Borrower and its Subsidiaries;
provided that, if at any time the aggregate book value (determined in accordance with GAAP)
of the assets of all Subsidiaries of the Borrower which would otherwise not be Material
Subsidiaries as provided above exceeds 10% of the aggregate book value (determined in accordance
with GAAP) of the assets of the Borrower and its Subsidiaries at such time, then the 3% referred to
above in this definition shall be automatically reduced to the extent necessary such that, after
giving effect to such reduction, the aggregate book value (determined in accordance with GAAP) of
the assets of all Subsidiaries of the Borrower which are not Material Subsidiaries does not exceed
10% of the aggregate book value (determined in accordance with GAAP) of the assets of the Borrower
and its Subsidiaries at such time.

          “Maturity Date” shall mean the fifth anniversary of the Restatement Effective Date.

          “Moody’s” shall mean Moody’s Investors Service, Inc. and its successors.

          “Moody’s Credit Rating” shall mean the rating level (it being understood that a rating level
shall include numerical modifiers) assigned by Moody’s to the senior unsecured long-term debt of
the Borrower. If the foregoing rating shall be changed by Moody’s, such change shall be effective
for purposes of this definition on the Business Day following the day on which Moody’s announces
such change.

          “NAIC” shall mean the National Association of Insurance Commissioners or any successor
organization thereto.

          “NAIC Tests” shall mean the ratios and other financial measurements developed by the NAIC
under its Insurance Regulatory Information System, as in effect from time to time.

          “1998 Offering” shall mean, collectively, a transaction involving the sale of Trust Preferred
Related Debt Securities of the Borrower to a Delaware statutory business trust which constitutes a
Subsidiary of the Borrower and the concurrent sale by such Subsidiary of preferred equity
securities, which transaction shall be consummated substantially on terms and conditions reflected
in the June 8, 1998 filing with the SEC of the Prospectus Supplement to Prospectus in connection
with the AmerUs Life Holdings, Inc. and AmerUs Capital II Adjustable Convertible-Rate Equity
Security Units.

          “Non-Defaulting Bank” shall mean each Bank other than a Defaulting Bank.

          “Note” shall have the meaning provided in Section 1.05.

          “Notice of Borrowing” shall have the meaning provided in Section 1.03.

          “Notice of Conversion” shall have the meaning provided in Section 1.06.

          “Notice of Non-Extension” shall have the meaning provided in Section 1A.06.

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          “Notice Office” shall mean the office of the Administrative Agent at 270 Park Avenue, New
York, New York 10017 or such other office as the Administrative Agent may designate to the Borrower
and the Banks from time to time.

          “Obligations” shall mean all amounts, direct or indirect, contingent or absolute, of every
type or description, and at any time existing, owing to the Administrative Agent or any Bank
pursuant to the terms of this Agreement or any other Credit Document.

          “Ordinary Course of Business” shall mean transactions, actions, activities, occurrences or
events occurring in the normal course of business (i) of the Borrower and/or any of its
Subsidiaries, and/or (ii) of other companies in the businesses described in Section 7.01.

          “Participant” shall have the meaning provided in Section 1A.04(a).

          “Payment Office” shall mean the office of the Administrative Agent at 1111 Fannin Street,
10th Floor, Houston, Texas 77002 or such other office as the Administrative Agent may
designate to the Borrower and the Banks from time to time.

          “PBGC” shall mean the Pension Benefit Guaranty Corporation established pursuant to Section
4002 of ERISA, or any successor thereto.

          “Percentage” shall mean, at any time for each Bank, the percentage obtained by dividing such
Bank’s Commitment at such time by the Total Commitment then in effect, provided that, if
the Total Commitment has been terminated, the Percentage of each Bank shall be determined by
dividing such Bank’s Commitment as in effect immediately prior to such termination by the Total
Commitment as in effect immediately prior to such termination (but also
giving effect to any assignments made in accordance with Sections 1.14 or 11.04(b) after the
date on which the Total Commitment has terminated).

          “Permitted Transaction” shall have the meaning provided in the definition of “Subsidiary”.

          “Person” shall mean any individual, partnership, joint venture, firm, corporation,
association, trust or other enterprise or any government or political subdivision or any agency,
department or instrumentality thereof.

          “Plan” shall mean any pension plan as defined in Section 3(2) of ERISA, which is maintained or
contributed to by (or to which there is an obligation to contribute of) the Borrower or a
Subsidiary of the Borrower or an ERISA Affiliate, and each such plan for the five year period
immediately following the latest date on which the Borrower, or a Subsidiary of the Borrower or an
ERISA Affiliate maintained, contributed to or had an obligation to contribute to such plan.

          “Policies” shall mean all insurance policies, annuity contracts, guaranteed interest contracts
and funding agreements (including riders to any such policies or contracts, certificates issued
with respect to group life insurance or annuity contracts and any contracts issued in connection
with retirement plans or arrangements) and assumption certificates issued or to be issued (or filed
pending current review by applicable Governmental Authorities) by any

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Regulated Insurance Company and any Reinsurance Agreements entered into or to be entered into
by any Regulated Insurance Company.

          “PRIDES(SM)” shall mean the offering of mandatorily convertible equity-linked
securities issued by the Borrower on May 21, 2003 together with the full exercise of the
overallotment option described in the prospectus dated May 21, 2003 and the remarketing on May 16,
2006.

          “Prime Lending Rate” shall mean the rate which Chase announces from time to time as its prime
commercial lending rate, the Prime Lending Rate to change when and as such prime commercial lending
rate changes. The Prime Lending Rate is a reference rate and does not necessarily represent the
lowest or best rate actually charged to any customer. Chase may make commercial loans or other
loans at rates of interest at, above or below the Prime Lending Rate.

          “Prior Credit Agreement” shall have the meaning provided in the recitals hereto.

          “Purchase Money Security Interest” shall have the meaning provided in Section 7.03(j).

          “Quarterly Statement” shall mean the quarterly financial statements required to be filed by
any Regulated Insurance Company with the Applicable Regulatory Insurance Authority.

          “Register” shall have the meaning provided in Section 11.17.

          “Regulated Insurance Company” shall mean any Subsidiary of the Borrower, whether now owned or
hereafter acquired, that is authorized or admitted to carry on or transact Insurance Business in
any jurisdiction and is regulated by any Applicable Insurance Regulatory Authority, but shall not
include any Subsidiary that is an insurance marketing organization but does not underwrite
insurance .

          “Regulation D” shall mean Regulation D of the Board of Governors of the Federal Reserve System
as from time to time in effect and any successor to all or a portion thereof establishing reserve
requirements.

          “Regulation U” shall mean Regulation U of the Board of Governors of the Federal Reserve System
as from time to time in effect and any successor to all or a portion thereof establishing margin
requirements.

          “Reinsurance Agreement” shall mean any agreement, contract, treaty or other arrangement
whereby one or more insurers, as reinsurers, assume liabilities under insurance policies or
agreements issued by another insurance or reinsurance company or companies.

          “Replaced Bank” shall have the meaning provided in Section 1.14.

          “Replacement Bank” shall have the meaning provided in Section 1.14.

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          “Reportable Event” shall mean an event described in Section 4043(c) of ERISA with respect to a
Plan other than those events as to which the 30-day notice period is
waived under subsection .22, .23, .25, .27 or .28 of 29 C.F.R. 4043.

          “Required Banks” shall mean Banks whose Commitments (or, after the Commitments have
terminated, outstanding Loans) represent an amount greater than 50% of the Total Commitment (or
after the termination thereof, the sum of the then total outstanding Loans at such time).

          “Restatement Effective Date” shall have the meaning provided in Section 11.10.

          “Retrocession Agreement” shall mean any agreement, contract, treaty or other arrangement
whereby one or more insurers or reinsurers, as retrocessionaires, assume liabilities of reinsurers
under a Reinsurance Agreement or other retrocessionaires under another Retrocession Agreement.

          “Risk-Based Capital” shall mean for any Regulated Insurance Company, the ratio (expressed as a
percentage), at any time, of the Total Adjusted Capital of such entity to the Authorized Control
Level of such entity.

          “S&P” shall mean Standard & Poor’s Ratings Group and its successors.

          “S&P Credit Rating” shall mean the rating level (it being understood that a rating level shall
include (+) and (-) modifiers) assigned by S&P to the senior unsecured long-term debt of the
Borrower. If the foregoing rating shall be changed by S&P, such change shall be effective
for purposes of this definition on the Business Day following the day on which S&P announces
such change.

          “SAP” shall mean, with respect to any Regulated Insurance Company, the accounting procedures
and practices prescribed or permitted by the Applicable Insurance Regulatory Authority of the state
in which such Regulated Insurance Company is domiciled; it being understood and agreed that
determinations in accordance with SAP for purposes of Section 7, including defined terms as used
therein, are subject (to the extent provided therein) to Section 11.07(a).

          “SEC” shall mean the Securities and Exchange Commission or any successor thereto.

          “SEC Regulation D” shall mean Regulation D as promulgated under the Securities Act of 1933, as
amended, as the same may be in effect from time to time.

          “Section 3.04(b)(ii) Certificate” shall have the meaning provided in Section 3.04(b)(ii).

          “Stated Amount” of each Letter of Credit shall mean, at any time, the maximum amount available
to be drawn thereunder (regardless of whether any conditions for drawing could be met).

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          “Statutory Statement” shall mean, as to any Regulated Insurance Company, a statement of the
condition and affairs of such Regulated Insurance Company, prepared in accordance with SAP and
filed with the Applicable Insurance Regulatory Authority.

          “Subsidiary” of any Person shall mean and include (i) any corporation more than 50% of whose
stock of any class or classes having by the terms thereof ordinary voting power to elect a majority
of the directors of such corporation (irrespective of whether or not at the time stock of any class
or classes of such corporation shall have or might have voting power by reason of the happening of
any contingency) is at the time owned by such Person directly or indirectly through Subsidiaries
and (ii) any partnership, association, joint venture or other entity in which such Person directly
or indirectly through Subsidiaries has more than a 50% voting interest at the time for the board of
directors or equivalent body. Unless otherwise expressly provided, all references to “Subsidiary”
shall mean a Subsidiary of the Borrower, provided that, notwithstanding the foregoing
provisions of this definition, any grantor trust or limited liability company established by the
Borrower and/or its Subsidiaries in order to effectuate the lease/leaseback transaction with Linzer
Elektrizitats-, Fernwarme- und Verkehrsbetriebe Aktiengesellschaft (“ESG”) with respect to a
cogeneration facility in Linz, Austria as described in the summary of terms and structure delivered
to the Administrative Agent and the Banks prior to December 4, 1998, and any trust or limited
liability company formed by the Borrower and/or its Subsidiaries after December 4, 1998 to
effectuate transactions with ESG or any other Person in which the Indebtedness of the Borrower and
its Subsidiaries incurred in connection therewith is comprised solely of (x) obligations which are
non-recourse to the Borrower or any of its Subsidiaries and (y) other obligations which are or will
be 100% defeased by U.S. Government obligations (each
such transaction, including the lease/leaseback with ESG, a “Permitted Transaction”), shall
not constitute Subsidiaries for purposes of this Agreement.

          “Super-Majority Banks” means Banks whose Commitments (or after the Commitments have
terminated, outstanding Loans) represent an amount equal to or greater than 75% of the Total
Commitment (or after the termination thereof, the sum of the then total outstanding Loans at such
time).

          “Surplus Note” shall mean a surplus note issued by any Regulated Insurance Company to the
Borrower.

          “Taxes” shall have the meaning provided in Section 3.04(a).

          “Termination Date” shall have the meaning provided in Section 2.01(a).

          “Total Adjusted Capital” shall mean “Total Adjusted Capital” as defined by the NAIC as of
December 31, 2005 and as applied in the context of the Risk Based Capital Guidelines promulgated by
the NAIC.

          “Total Commitment” shall mean the sum of the Commitments of each Bank.

          “Total Unutilized Commitment” shall mean, at any time, an amount equal to the remainder of (x)
the Total Commitment then in effect less (y) the sum of the aggregate principal amount of Loans
then outstanding and the Letter of Credit Outstandings at such time.

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          “Trust Preferred Offering” shall mean the Initial Offering and the 1998 Offering.

          “Trust Preferred Related Debt Securities” shall mean unsecured, fixed-rate subordinated debt
issued or to be issued by the Borrower or a Subsidiary of the Borrower in connection with any Trust
Preferred Offering

          “Type” shall mean any type of Loan determined with respect to the interest option applicable
thereto, i.e., a Base Rate Loan or a Eurodollar Loan.

          “UCC” shall mean the Uniform Commercial Code.

          “Unfunded Current Liability” of any Plan shall mean the amount, if any, by which the actuarial
present value of the accumulated plan benefits under the Plan as of the close of its most recent
plan year exceeds the fair market value of the assets allocable thereto as of the close of its most
recent plan year, each determined in accordance with Statement of Financial Accounting Standards
No. 87, based upon the actuarial assumptions used by the Plan’s actuary in the most recent annual
valuation of the Plan.

          “Unpaid Drawings” shall have the meaning provided in Section 1A.03(a).

          “Unrestricted Subsidiary” shall mean each of ACM Properties, Inc. and each other Subsidiary of
the Borrower designated by the Borrower as an Unrestricted Subsidiary in accordance with Section
11.19.

          “Unutilized Commitment” with respect to any Bank, at any time, shall mean such Bank’s
Commitment at such time less the sum of (i) the aggregate outstanding principal amount of Loans
made by such Bank and (ii) such Bank’s Percentage of the Letter of Credit Outstandings at such
time.

          “Utilization Fee” shall have the meaning provided in Section 2.01(b).

          “Wholly-Owned Subsidiary” of any Person shall mean any Subsidiary of such Person to the extent
all of the capital stock or other ownership interests in such Subsidiary, other than directors’ or
nominees’ qualifying shares, is owned directly or indirectly by such Person.

          “Written” or “in writing” shall mean any form of written communication or a communication by
means of telex, facsimile device, telegraph or cable.

          SECTION 10. The Administrative Agent.

          10.01 Appointment. Each Bank hereby irrevocably designates and appoints Chase as
Administrative Agent to act as specified herein and in the other Credit Documents, and each such
Bank hereby irrevocably authorizes Chase as the Administrative Agent for such Bank, to take such
action on its behalf under the provisions of this Agreement and the other Credit Documents and to
exercise such powers and perform such duties as are expressly delegated to the Administrative Agent
by the terms of this Agreement and the other Credit Documents, together with such other powers as
are reasonably incidental thereto. The Administrative Agent agrees to act as such upon the express
conditions contained in this Section 10. Notwithstanding

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any provision to the contrary elsewhere
in this Agreement, the Administrative Agent shall not have any duties or responsibilities, except
those expressly set forth herein or in the other Credit Documents, nor any fiduciary relationship
with any Bank, and no implied covenants, functions, responsibilities, duties, obligations or
liabilities shall be read into this Agreement or otherwise exist against the Administrative Agent.
The provisions of this Section 10 are solely for the benefit of the Administrative Agent and the
Banks, and the Borrower shall not have any rights as a third party beneficiary of any of the
provisions hereof. In performing its functions and duties under this Agreement, the Administrative
Agent shall act solely as agent of the Banks and does not assume and shall not be deemed to have
assumed any obligation or relationship of agency or trust with or for the Borrower.

          10.02 Delegation of Duties. The Administrative Agent may execute any of its duties
under this Agreement or any other Credit Document by or through agents or attorneys-in-fact and
shall be entitled to advice of counsel concerning all matters pertaining to such duties. The
Administrative Agent shall not be responsible for the negligence or misconduct of any agents or
attorneys-in-fact selected by it with reasonable care except to the extent otherwise required by
Section 10.03.

          10.03 Exculpatory Provisions. Neither the Administrative Agent nor any of its officers, directors, employees, agents,
attorneys-in-fact or affiliates shall be (i) liable for any action lawfully taken or omitted to be
taken by it or such Person under or in connection with this Agreement (except for its or such
Person’s own gross negligence or willful misconduct) or (ii) responsible in any manner to any of
the Banks for any recitals, statements, representations or warranties made by the Borrower or any
Subsidiary or any of their respective officers contained in this Agreement, any other Credit
Document or in any certificate, report, statement or other document referred to or provided for in,
or received by the Administrative Agent under or in connection with, this Agreement or any other
Credit Document or for any failure of the Borrower or any of its Subsidiaries or any of their
respective officers to perform its obligations hereunder or thereunder. The Administrative Agent
shall not be under any obligation to any Bank to ascertain or to inquire as to the observance or
performance of any of the agreements contained in, or conditions of, this Agreement, or to inspect
the properties, books or records of the Borrower or any of its Subsidiaries. The Administrative
Agent shall not be responsible to any Bank for the effectiveness, genuineness, validity,
enforceability, collectibility or sufficiency of this Agreement or any Credit Document or for any
representations, warranties, recitals or statements made herein or therein or made in any written
or oral statement or in any financial or other statements, instruments, reports, certificates or
any other documents in connection herewith or therewith furnished or made by the Administrative
Agent to the Banks or by or on behalf of the Borrower to the Administrative Agent or any Bank or be
required to ascertain or inquire as to the performance or observance of any of the terms,
conditions, provisions, covenants or agreements contained herein or therein or as to the use of the
proceeds of the Loans or of the existence or possible existence of any Default or Event of Default.

          10.04 Reliance by Administrative Agent. The Administrative Agent shall be entitled
to rely, and shall be fully protected in relying, upon any note, writing, resolution, notice,
consent, certificate, affidavit, letter, cablegram, telegram, facsimile transmission, telex or
teletype message, statement, order or other document or conversation believed by it to be genuine
and correct and to have been signed, sent or made by the proper Person or Persons and

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upon advice and statements of legal counsel (including, without limitation, counsel to the Borrower),
independent accountants and other experts selected by the Administrative Agent. The Administrative
Agent shall be fully justified in failing or refusing to take any action under this Agreement or
any other Credit Document unless it shall first receive such advice or concurrence of the Required
Banks as it deems appropriate or it shall first be indemnified to its satisfaction by the Banks
against any and all liability and expense which may be incurred by it by reason of taking or
continuing to take any such action. The Administrative Agent shall in all cases be fully protected
in acting, or in refraining from acting, under this Agreement and the other Credit Documents in
accordance with a request of the Required Banks, and such request and any action taken or failure
to act pursuant thereto shall be binding upon all the Banks.

          10.05 Notice of Default. The Administrative Agent shall not be deemed to have
knowledge or notice of the occurrence of any Default or Event of Default hereunder unless the
Administrative Agent has received notice from a Bank or the Borrower referring to this Agreement,
describing such Default or Event of Default and stating that such notice is a “notice of default”. In the
event that the Administrative Agent receives such a notice, the Administrative Agent shall give
prompt notice thereof to the Banks. The Administrative Agent shall take such action with respect
to such Default or Event of Default as shall be reasonably directed by the Required Banks,
provided that unless and until the Administrative Agent shall have received such
directions, the Administrative Agent may (but shall not be obligated to) take such action, or
refrain from taking such action, with respect to such Default or Event of Default as it shall deem
advisable in the best interests of the Banks.

          10.06 Non-Reliance. Each Bank expressly acknowledges that neither the Administrative
Agent nor any of its officers, directors, employees, agents, attorneys-in-fact or affiliates have
made any representations or warranties to it and that no act by the Administrative Agent
hereinafter taken, including any review of the affairs of the Borrower or any of its Subsidiaries,
shall be deemed to constitute any representation or warranty by the Administrative Agent to any
Bank. Each Bank represents to the Administrative Agent that it has, independently and without
reliance upon the Administrative Agent or any other Bank, and based on such documents and
information as it has deemed appropriate, made its own appraisal of and investigation into the
business, assets, operations, property, financial and other conditions, prospects and
creditworthiness of the Borrower and its Subsidiaries and made its own decision to make its Loans
hereunder and enter into this Agreement. Each Bank also represents that it will, independently and
without reliance upon the Administrative Agent or any other Bank, and based on such documents and
information as it shall deem appropriate at the time, continue to make its own credit analysis,
appraisals and decisions in taking or not taking action under this Agreement, and to make such
investigation as it deems necessary to inform itself as to the business, assets, operations,
property, financial and other conditions, prospects and creditworthiness of the Borrower and its
Subsidiaries. The Administrative Agent shall not have any duty or responsibility to provide any
Bank with any credit or other information concerning the business, operations, assets, property,
financial and other conditions, prospects or creditworthiness of the Borrower or any Subsidiary
which may come into the possession of the Administrative Agent or any of its officers, directors,
employees, agents, attorneys-in-fact or affiliates.

          10.07 Indemnification. Each Bank agrees to indemnify the Administrative Agent in its
capacity as such ratably according to their respective “percentages” as used in determining

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the Required Banks at such time from and against any and all liabilities, obligations, losses, damages,
penalties, actions, judgments, suits, costs, reasonable expenses or disbursements of any kind
whatsoever which may at any time (including, without limitation, at any time following the payment
of the Obligations) be imposed on, incurred by or asserted against the Administrative Agent in its
capacity as such in any way relating to or arising out of this Agreement or any other Credit
Document, or any documents contemplated by or referred to herein or the transactions contemplated
hereby or any action taken or omitted to be taken by the Administrative Agent under or in
connection with any of the foregoing, but only to the extent that any of the foregoing is not paid
by the Borrower or any of its Subsidiaries, provided that no Bank shall be liable to the
Administrative Agent for the payment of any portion of such liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting solely from the Administrative
Agent’s gross negligence or willful misconduct. If any indemnity furnished to the Administrative
Agent for any purpose shall, in the opinion of the Administrative Agent, be insufficient or become
impaired, the Administrative Agent may call for additional indemnity and cease, or not commence, to
do the acts indemnified against until such additional indemnity is furnished. The agreements in
this Section 10.07 shall survive the payment of all Obligations.

          10.08 The Administrative Agent in its Individual Capacity. The Administrative Agent
and its affiliates may make loans to, accept deposits from and generally engage in any kind of
business with the Borrower and its Subsidiaries as though not acting as Administrative Agent
hereunder. With respect to the Loans made by it and all Obligations owing to it, the
Administrative Agent shall have the same rights and powers under this Agreement as any Bank and may
exercise the same as though it were not the Administrative Agent, and the terms “Bank” and “Banks”
shall include the Administrative Agent in its individual capacity.

          10.09 Successor Administrative Agent. The Administrative Agent may resign as the
Administrative Agent upon 20 days’ notice to the Banks and the Borrower. Upon such resignation,
the Required Banks shall, with the consent of the Borrower (such consent not to be unreasonably
withheld), appoint from among the Banks a successor Administrative Agent for the Banks, whereupon
such successor agent shall succeed to the rights, powers and duties of the Administrative Agent,
and the term “Administrative Agent” shall include such successor agent effective upon its
appointment, and the resigning Administrative Agent’s rights, powers and duties as the
Administrative Agent shall be terminated, without any other or further act or deed on the part of
such former Administrative Agent or any of the parties to this Agreement. After the retiring
Administrative Agent’s resignation hereunder as the Administrative Agent, the provisions of this
Section 10 shall inure to its benefit as to any actions taken or omitted to be taken by it while it
was Administrative Agent under this Agreement.

          10.10 Co-Syndication Agents. Notwithstanding any other provision of this Agreement
or any provision of any other Credit Document, each of the Co-Syndication Agents are named as such
for recognition purposes only, and in their respective capacities Co-Syndication Agent, as such
shall have no powers, duties, responsibilities or liabilities with respect to this Agreement or the
other Credit Documents or the transactions contemplated hereby and thereby. Without limitation of
the foregoing, none of the Co-Syndication Agents in their respective capacities as Co-Syndication
Agents shall, solely by reason of this Agreement or any other Credit Documents, have any fiduciary
relationship with any Bank or any other Person.

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          SECTION 11. Miscellaneous.

          11.01 Payment of Expenses, etc. The Borrower hereby agrees to: (i) whether or not the transactions herein contemplated are
consummated, pay all reasonable out-of-pocket costs and expenses of the Administrative Agent in
connection with the negotiation, preparation, syndication, execution and delivery of the Credit
Documents and the documents and instruments referred to therein (including, without limitation, the
reasonable fees and disbursements of White & Case LLP); (ii) whether or not the transactions herein
contemplated are consummated, pay all reasonable out-of-pocket costs and expenses of the
Administrative Agent in connection with any amendment, waiver or consent relating to this Agreement
or any other Credit Document; (iii) whether or not the transactions herein contemplated are
consummated, pay all reasonable out-of-pocket costs and expenses of the Administrative Agent and
each of the Banks in connection with the enforcement of the Credit Documents and the documents and
instruments referred to therein (including, without limitation, the reasonable fees and
disbursements of counsel for the Administrative Agent and for each of the Banks); (iv) pay and hold
each of the Banks harmless from and against any and all present and future stamp and other similar
taxes with respect to the foregoing matters and save each of the Banks harmless from and against
any and all liabilities with respect to or resulting from any delay or omission to pay such taxes;
and (v) indemnify the Administrative Agent and each Bank, and their respective officers, directors,
employees, representatives and agents (each, an “indemnified person”) from and hold each of them
harmless against any and all losses, liabilities, claims, damages or expenses (collectively,
“Claims”) incurred by any of them as a result of, or arising out of, or in any way related to, or
by reason of, any investigation, litigation or other proceeding (whether or not the Administrative
Agent or any Bank is a party thereto) related to the entering into and/or performance of any Credit
Document or the use of the proceeds of any Loans or Letters of Credit hereunder or the consummation
of any other transactions contemplated in any Credit Document, including, without limitation, the
reasonable fees and disbursements of counsel incurred in connection with any such investigation,
litigation or other proceeding (but excluding (x) any claims by the Borrower against any Bank or
the Administrative Agent for failure to perform its obligations to the Borrower hereunder or under
any other Credit Document and (y) any such losses, liabilities, claims, damages or expenses to the
extent incurred by reason of the gross negligence or willful misconduct of the Person to be
indemnified).

          11.02 Right of Setoff. In addition to any rights now or hereafter granted under
applicable law or otherwise, and not by way of limitation of any such rights, upon the occurrence
and continuance of an Event of Default, each Bank is hereby authorized at any time or from time to
time, without presentment, demand, protest or other notice of any kind to the Borrower or to any
other Person, any such notice being hereby expressly waived, to set off and to appropriate and
apply any and all deposits (general or special) and any other Indebtedness at any time held or
owing by such Bank (including, without limitation, by branches and agencies of such Bank wherever
located) to or for the credit or the account of the Borrower against and on account of the
Obligations and liabilities of the Borrower to such Bank or any other Bank under this Agreement or
under any of the other Credit Documents, including, without limitation, all interests in
Obligations of the Borrower purchased by such Bank or any other Bank pursuant to Section 11.06(b),
and all other claims of any nature or description arising out of or connected with this Agreement
or any other Credit Document, irrespective of whether or not such Bank shall have made any demand
hereunder and although said Obligations, liabilities or claims, or

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any of them, shall be contingent
or unmatured. Each Bank is hereby designated the agent of all other Banks for purposes of
effecting set off pursuant to this Section 11.02 and the Borrower hereby grants to each Bank for
such Bank’s own benefit and as agent for all other Banks a continuing security interest in any and
all deposits, accounts or moneys of the Borrower maintained from time to time with such Bank.

          11.03 Notices. Except as otherwise expressly provided herein, all notices and other
communications provided for hereunder shall be in writing (including telegraphic, telex, facsimile
or cable communication) and mailed, telegraphed, telexed, telecopied, cabled or delivered, if to
the Borrower, at the address specified opposite its signature below; if to the Administrative
Agent, at 270 Park Avenue, New York, New York 10017, (212) 270-7525 (tel), (212) 270-1511 (fax),
Attn: Lawrence Palumbo; if to any other Bank, to its address (or telecopy number) set forth in its
Administrative Questionnaire; or, at such other address as shall be designated by any party in a
written notice to the other parties hereto. All such notices and communications shall be mailed,
telegraphed, telexed, telecopied, cabled or sent by overnight courier and shall be effective when
received. Documents or notices required to be delivered to the Banks under this Agreement (other
than notices required under Sections 1 through 3 hereof) shall be considered delivered if provided
to the Administrative Agent for distribution to the Banks via the “Intralinks” system.

          11.04 Benefit of Agreement. (a) This Agreement shall be binding upon and inure to
the benefit of and be enforceable by the respective successors and assigns of the parties hereto;
provided, however, the Borrower may not assign or transfer any of its rights or
obligations hereunder without the prior written consent of the Banks. Each Bank may at any time
grant participations in any of its rights hereunder or under any of its Notes to any bank or other
financial institution; provided that in the case of any such participation, the participant
shall not have any rights under this Agreement or any of the other Credit Documents, including
rights of consent, approval or waiver (the participant’s rights against such Bank in respect of
such participation to be those set forth in the agreement executed by such Bank in favor of the
participant relating thereto) and all amounts payable by the Borrower hereunder shall be determined
as if such Bank had not sold such participation, except that the participant shall be entitled to
receive the additional amounts under Sections 1.10, 1.11 and 3.04 of this Agreement to, and only
to, the extent that such Bank would be entitled to such benefits if the participation had not been
entered into or sold; and provided further, that no Bank shall transfer, grant or
assign any participation under which the participant shall have rights to approve any amendment to
or waiver of this Agreement or any other Credit Document except to the extent such amendment or
waiver would (i) extend the final scheduled maturity of any Loan or Note in which such participant
is participating or reduce the rate or extend the time of payment of interest thereon or Fees, or
reduce the principal amount thereof, or increase such participant’s participating interest in any
Commitment or Loan over the amount thereof then in effect (it being understood that a waiver of any
Default or Event of Default or of a mandatory reduction in the Total Commitment shall not
constitute a change in the terms of any Commitment and that an increase in any Commitment shall be
permitted without the consent of any participant if such participant’s participation is not
increased as a result thereof) or (ii) consent to the assignment or transfer by the Borrower of any
of its rights and obligations under this Agreement or any other Credit Document except in accordance with the terms hereof and thereof.

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          (b) Notwithstanding the foregoing, any Bank may assign all or a portion of its rights and
obligations hereunder to (x) its parent company and/or any affiliate of such Bank which is at least
50% owned and controlled by such Bank or its parent company or to one or more other Banks with the
prior written consent of each Issuing Bank, which consent shall not be unreasonably withheld or
delayed, or (y) a bank or other financial institution with the prior written consent of (i) the
Administrative Agent, which consent shall not be unreasonably withheld, (ii) each Issuing Bank,
which consent shall not be unreasonably withheld or delayed and (iii) the Borrower, which consent
shall not be unreasonably withheld and shall not be required if a Default or Event of Default
exists at the time of such assignment. No assignment of less than all of a Bank’s rights and
obligations hereunder pursuant to the immediately preceding sentence shall, to the extent such
transaction represents an assignment to an institution other than one or more Banks hereunder, be
in an aggregate amount less than the minimum of $5,000,000 unless otherwise agreed to by the
Administrative Agent and the Borrower in writing. If any Bank so sells or assigns all or a part of
its rights hereunder or under the Notes, any reference in this Agreement or the Notes to such
assigning Bank shall thereafter refer to such Bank and to the respective assignee to the extent of
their respective interests and the respective assignee shall have, to the extent of such assignment
(unless otherwise provided therein), the same rights and benefits as it would if it were such
assigning Bank. Each assignment pursuant to this Section 11.04(b) shall be effected by the
assigning Bank and the assignee Bank executing an Assignment and Assumption Agreement substantially
in the form of Exhibit G (appropriately completed). At the time of any such assignment, (i) Annex
I shall be deemed to be amended to reflect the Commitments, if any, and outstanding Loans of the
respective assignee (which shall result in a direct reduction to the Commitments, if any, and
outstanding Loans of the assigning Bank) and of the other Banks, (ii) if any such assignment occurs
after the Restatement Effective Date, at the request of the assignor or the assignee, the Borrower
will issue new Notes to the respective assignee and to the assigning Bank in conformity with the
requirements of Section 1.05 and (iii) the Administrative Agent shall receive from the assigning
Bank and/or the assignee Bank or financial institution at the time of each assignment the payment
of a nonrefundable assignment fee of $3,500, provided that such transfer or assignment will
not be effective until recorded by the Administrative Agent on the Register pursuant to Section
11.17 hereof. At the time of each assignment pursuant to this Section 11.04(b) to a Person which
is not already a Bank hereunder and which is not a United States person (as such term is defined in
Section 7701(a)(30) of the Code) for Federal income tax purposes, the respective assignee Bank
shall provide to the Borrower and the Administrative Agent the appropriate Internal Revenue Service
forms (and, if applicable a Section 3.04(b)(ii) Certificate) described in Section 3.04(b). Each
Bank and the Borrower agrees to execute such documents (including, without limitation, amendments
to this Agreement and the other Credit Documents) as shall be necessary to effect the foregoing.
Promptly following any assignment pursuant to this Section 11.04(b), the assigning Bank shall
promptly notify the Borrower and the Administrative Agent thereof. Nothing in this Section 11.04
shall prevent or prohibit any Bank from pledging its Loans or Notes hereunder to a Federal Reserve
Bank in support of borrowings made by such Bank from such Federal Reserve Bank.

          (c) Notwithstanding any other provisions of this Section 11.04, no transfer or assignment of
the interests or obligations of any Bank hereunder or any grant of participations therein shall be
permitted if such transfer, assignment or grant would require the Borrower to file

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a registration statement with the SEC or to qualify the Loans under the “Blue Sky” laws of any State.

          (d) Each Bank initially party to this Agreement hereby represents, and each Person that
becomes a Bank pursuant to an assignment permitted by clause (b) above will upon its becoming party
to this Agreement represent, that it is a commercial lender, other financial institution or other
“accredited investor” (as defined in SEC Regulation D) which makes loans in the ordinary course of
its business or is acquiring the Loans without a view to distribution of the Loans within the
meaning of the federal securities laws, and that it will make or acquire Loans for its own account
in the ordinary course of such business, provided that, subject to the preceding clauses
(a) through (c), the disposition of any promissory notes or other evidences of or interests in
Indebtedness held by such Bank shall at all times be within its exclusive control.

          11.05 No Waiver; Remedies Cumulative. No failure or delay on the part of the
Administrative Agent or any Bank in exercising any right, power or privilege hereunder or under any
other Credit Document and no course of dealing between the Borrower and the Administrative Agent or
any Bank shall operate as a waiver thereof; nor shall any single or partial exercise of any right,
power or privilege hereunder or under any other Credit Document preclude any other or further
exercise thereof or the exercise of any other right, power or privilege hereunder or thereunder.
The rights and remedies herein expressly provided are cumulative and not exclusive of any rights or
remedies which the Administrative Agent or any Bank would otherwise have. No notice to or demand
on the Borrower in any case shall entitle the Borrower to any other or further notice or demand in
similar or other circumstances or constitute a waiver of the rights of the Administrative Agent or
the Banks to any other or further action in any circumstances without notice or demand.

          11.06 Payments Pro Rata. (a) The Administrative Agent agrees that promptly after
its receipt of each payment from or on behalf of the Borrower in respect of any Obligations of the
Borrower, it shall distribute such payment to the Banks (other than any Bank that has consented in
writing to waive its pro rata share of such payment) pro rata based upon their
respective shares, if any, of the Obligations with respect to which such payment was received.

          (b) Each of the Banks agrees that, if it should receive any amount hereunder (whether by
voluntary payment, by realization upon security, by the exercise of the right of setoff or banker’s
lien, by counterclaim or cross action, by the enforcement of any right under the Credit Documents,
or otherwise) which is applicable to the payment of the principal of, or interest on, the Loans or
Fees, of a sum which with respect to the related sum or sums received by other Banks is in a
greater proportion than the total of such Obligation then owed and due to such Bank bears to the
total of such Obligation then owed and due to all of the Banks immediately prior to such receipt,
then such Bank receiving such excess payment shall purchase for cash without recourse or warranty
from the other Banks an interest in the Obligations of the Borrower
to such Banks in such amount as shall result in a proportional participation by all of the
Banks in such amount, provided that if all or any portion of such excess amount is
thereafter recovered from such Bank, such purchase shall be rescinded and the purchase price
restored to the extent of such recovery, but without interest.

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          11.07 Calculations; Computations. (a) The financial statements to be furnished to
the Banks pursuant hereto shall be made and prepared in accordance with GAAP or SAP, as the case
may be, consistently applied throughout the periods involved (except as set forth in the notes
thereto or as otherwise disclosed in writing by the Borrower to the Banks). In addition, except as
otherwise specifically provided herein, all computations determining compliance with Section 7,
including definitions used therein, shall utilize accounting principles and policies in effect from
time to time; provided that (i) if any such accounting principle or policy (whether GAAP or
SAP or both) shall change after the Restatement Effective Date, the Borrower shall give reasonable
notice thereof to the Administrative Agent and each of the Banks and if within 30 days following
such notice the Borrower, the Administrative Agent or the Required Banks shall elect by giving
written notice of such election to the other parties hereto, such computations shall not give
effect to such change unless and until this Agreement shall be amended pursuant to Section 11.12 to
give effect to such change, and (ii) if at any time the computations determining compliance with
Section 7 utilize accounting principles different from those utilized in the financial statements
then being furnished to the Banks pursuant to Section 6.01, such financial statements shall be
accompanied by reconciliation work-sheets.

          (b) All computations of interest on Loans and Fees hereunder shall be made on the actual
number of days elapsed over a year of 360 days.

          11.08 GOVERNING LAW; SUBMISSION TO JURISDICTION; VENUE. (a) THIS AGREEMENT AND THE
OTHER CREDIT DOCUMENTS AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER SHALL
BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK. ANY LEGAL
ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT MAY BE BROUGHT IN
THE COURTS OF THE STATE OF NEW YORK OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK,
AND, BY EXECUTION AND DELIVERY OF THIS AGREEMENT, THE BORROWER AND EACH BANK HEREBY IRREVOCABLY
ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE JURISDICTION
OF THE AFORESAID COURTS. THE BORROWER AND EACH BANK HEREBY FURTHER IRREVOCABLY WAIVES ANY CLAIM
THAT ANY SUCH COURTS LACK JURISDICTION OVER THE BORROWER OR SUCH BANK, AND AGREES NOT TO PLEAD OR
CLAIM, IN ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER CREDIT
DOCUMENT BROUGHT IN ANY OF THE AFORESAID COURTS, THAT ANY SUCH COURT LACKS JURISDICTION OVER THE
BORROWER OR SUCH BANK. THE BORROWER AND EACH BANK FURTHER IRREVOCABLY CONSENTS TO THE
SERVICE OF PROCESS OUT OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH ACTION OR PROCEEDING BY
THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO THE BORROWER OR
SUCH BANK, AS THE CASE MAY BE, AT ITS ADDRESS FOR NOTICES PURSUANT TO SECTION 11.03, SUCH SERVICE
TO BECOME EFFECTIVE 30 DAYS AFTER SUCH MAILING. THE BORROWER AND EACH BANK, AS THE CASE MAY BE,
HEREBY IRREVOCABLY WAIVES ANY OBJECTION TO SUCH SERVICE OF PROCESS AND FURTHER IRREVOCABLY WAIVES
AND AGREES NOT TO PLEAD

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OR CLAIM IN ANY ACTION OR PROCEEDING HEREUNDER OR UNDER ANY OTHER CREDIT
DOCUMENT THAT SERVICE OF PROCESS WAS IN ANY WAY INVALID OR INEFFECTIVE. NOTHING HEREIN SHALL
AFFECT THE RIGHT OF THE ADMINISTRATIVE AGENT OR ANY BANK TO SERVE PROCESS IN ANY OTHER MANNER
PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST THE BORROWER IN ANY
OTHER JURISDICTION.

          (b) THE BORROWER AND EACH BANK HEREBY IRREVOCABLY WAIVES ANY OBJECTION WHICH IT MAY NOW OR
HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY OF THE AFORESAID ACTIONS OR PROCEEDINGS ARISING OUT OF
OR IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT BROUGHT IN THE COURTS REFERRED TO
IN CLAUSE (A) ABOVE AND HEREBY FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY
SUCH COURT THAT ANY SUCH ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN
INCONVENIENT FORUM.

          11.09 Counterparts. This Agreement may be executed in any number of counterparts and
by the different parties hereto on separate counterparts, each of which when so executed and
delivered shall be an original, but all of which shall together constitute one and the same
instrument. A set of counterparts executed by all the parties hereto shall be lodged with the
Borrower and the Administrative Agent.

          11.10 Effectiveness. The condition specified in Section 4.01(a)(i) shall be
satisfied when the Borrower, the Administrative Agent and each of the Banks shall have signed a
copy hereof (whether the same or different copies) and shall have delivered the same to the
Administrative Agent at the Administrative Agent’s Notice Office or, in the case of the Banks,
shall have given to the Administrative Agent telephonic (confirmed in writing), written, telex or
telecopy notice (actually received) at such office that the same has been signed and mailed to it.
The Administrative Agent will give the Borrower and each Bank prompt written notice of the
occurrence of the Restatement Effective Date.

          11.11 Headings Descriptive. The headings of the several sections and subsections of this Agreement are inserted for
convenience only and shall not in any way affect the meaning or construction of any provision of
this Agreement.

          11.12 Amendment or Waiver. (a) Neither this Agreement nor any other Credit Document
nor any terms hereof or thereof may be changed, waived, discharged or terminated unless such
change, waiver, discharge or termination is in writing signed by the Borrower and the Required
Banks, provided that no such change, waiver, discharge or termination shall, without the
consent of each Bank affected thereby, (i) extend the scheduled final maturity of any Loan or Note,
extend the required payment date any Unpaid Drawing or extend the stated expiration date of any
Letter of Credit beyond the Maturity Date or reduce the rate or extend the time of payment of
interest thereon or Fees or reduce the principal amount thereof, (ii) increase the Commitment of
any Bank over the amount thereof then in effect (it being understood that a waiver of any Default
or Event of Default or of a mandatory reduction in the Total Commitment

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shall not constitute a change in the terms of any Commitment of any Bank), (iii) amend, modify or waive any provision of
this Section 11.12, (iv) reduce any percentage specified in, or otherwise modify, the definition of
Required Banks, (v) change Section 11.06 in a manner that would alter the pro rata
sharing of payments required thereby or (vi) consent to the assignment or transfer by the Borrower
of any of its rights and obligations under this Agreement, and provided that the Total
Commitment under this Agreement may be increased in accordance with the provisions of Section 1.13
without the consent of any Bank save as provided in that Section. No provision of Section 1A or
any other provision relating to the rights and/or obligations of any Issuing Bank may be amended
without the consent of each affected Issuing Bank. No provision of Section 10 or any other
provision relating to the rights and/or obligations of the Administrative Agent may be amended
without the consent of the Administrative Agent.

          (b) If, in connection with any proposed change, waiver, discharge or termination of or to any
of the provisions of this Agreement as contemplated by clauses (i) and (iii) through (vi),
inclusive, of the first proviso to Section 11.12(a), the consent of the Super-Majority Banks is
obtained but the consent of one or more of such other Banks whose consent is required is not
obtained, then the Borrower shall have the right, so long as all non-consenting Banks whose
individual consent is required are treated as described in this Section 11.12(b), to replace each
such non-consenting Bank or Banks with one or more Replacement Banks pursuant to Section 1.14 so
long as at the time of such replacement, each such Replacement Bank consents to the proposed
change, waiver, discharge or termination and provided that the Borrower shall not have the
right to replace a Bank, terminate its Commitment or repay its Loans solely as a result of the
exercise of such Bank’s rights (and the withholding of any required consent by such Bank) pursuant
to clause (ii) of the first proviso to Section 11.12(a).

          11.13 Survival. All indemnities set forth herein including, without limitation, in
Section 1.10, 1.11, 1A.04, 3.04, 10.07 or 11.01 shall survive the execution and delivery of this
Agreement, the making of the Loans and the issuance of the Letters of Credit, the repayment of the
Obligations, the expiration or termination of the Letters of Credit and the termination of the Total
Commitment.

          11.14 Domicile of Loans. (a) Each Bank may transfer and carry its Loans and/or its
obligations in respect of Letters of Credit at, to or, for the account of any office, Subsidiary or
Affiliate of such Bank. In addition, each Bank (each, a “Designating Bank”) may designate a
special purpose corporation (each, a “Designated Bank”) to make Loans in respect of such
Designating Bank’s Commitment, provided that (i) such Designating Bank shall remain the
“Bank” for all purposes of this Agreement and the other Credit Documents, shall not otherwise be
relieved of any of its obligations under this Agreement or any such other Credit Document
(including, without limitation, its obligations under Sections 1.01 and 10.07) and shall be liable
for any losses, claims, damages or expenses incurred by the Borrower, the Administrative Agent or
any Bank as a result of such Designating Bank’s designation of any such special purpose corporation
as a Designated Bank, (ii) all payments entitled to be received by such Designated Bank with
respect to the Loans made by it in respect of such Designating Bank’s Commitment shall be made
directly to such Designating Bank for the distribution to such Designated Bank, (iii) the Borrower
and the Administrative Agent shall continue to deal solely with the respective Designating Bank and
such Designated Bank shall not have any right to approve any

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amendment, modification or waiver to
this Agreement or any other Credit Document, and all amendments, waivers, consents and/or
modifications to this Agreement and the other Credit Documents which are binding on such
Designating Bank also shall be binding on such Designated Bank regardless of whether or not such
Designated Bank actually had notice of any such amendment, waiver, consent and/or other
modification and (iv) each Designating Bank may only designate one Designated Bank at any time to
make Loans in respect of such Designating Bank’s Commitment. In addition, each party hereto hereby
agrees that prior to the date that is one year and one day after the payment in full of all
outstanding senior indebtedness of any Designated Bank, no party will institute against, or join
any other Person in instituting against, such Designated Bank any bankruptcy, reorganization,
arrangement, insolvency or liquidation proceedings under any federal or state bankruptcy or similar
law arising from any actions of such Designated Bank under this Agreement. Notwithstanding
anything to the contrary contained in this Agreement, any Designated Bank may disclose on a
confidential basis any non-public information relating to its funding of Loans to any rating
agency, commercial paper dealer or provider of any surety or guarantee to such Designated Bank,
provided that if any of the foregoing Persons shall not agree to be bound by the provisions
of Section 11.15 (as to which the respective Designating Bank shall notify the Borrower), the
respective Designating Bank shall remain liable pursuant to Section 11.15 for disclosure by such
Person of any such non-public information.

          (b) Notwithstanding anything to the contrary contained herein, to the extent that a transfer
of Loans pursuant to this Section 11.14 would, at the time of such transfer, result in increased
costs under Section 1.10, 1.11 or 3.04 from those being charged by the respective Bank prior to
such transfer, then the Borrower shall not be obligated to pay such increased costs (although the
Borrower shall be obligated to pay any other increased costs of the type described above resulting
from changes after the date of the respective transfer).

          11.15 Confidentiality. (a) Each Bank shall (i) hold all non-public information (including, without limitation,
all financial projections and analyses) furnished by the Borrower in connection with such Bank’s
evaluation of whether to become a Bank hereunder or obtained by such Bank pursuant to the
requirements of this Agreement (“Confidential Information”) confidential, (ii) use Confidential
Information only for purposes related to this Agreement and its position as a Bank hereunder and
(iii) not disclose such Confidential Information other than as provided herein; provided
that any Bank and/or its affiliates may disclose any such Confidential Information (a) as has
become generally available to the public other than as a result of disclosure in violation of this
Section 11.15, (b) as has become available to such Bank or any such affiliate on a non-confidential
basis from a source other than the Borrower and its affiliates, provided that the source is
not known by such Bank to be prohibited from transmitting such information to such Bank by a
contractual, legal or fiduciary obligation, (c) as may be required or appropriate in any report,
statement or testimony submitted to any municipal, state or Federal regulatory body or
self-regulatory body having or claiming to have jurisdiction over such Bank and/or its affiliates,
(d) as may be required or appropriate in respect to any summons or subpoena or in connection with
any litigation or other judicial process (it being understood that, to the extent reasonably
practicable under the circumstances, the Borrower shall be given prior notice and an opportunity to
contest any proposed disclosure pursuant to this clause (d)), (e) in order to comply with any law,
order, regulation or ruling applicable to such Bank and/or its affiliates, (f) to any permitted
prospective or actual syndicate member or participant in any Loans, and (g), to

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such Bank’s or
affiliate’s agents and advisors (and to other Persons authorized by such Bank or affiliate to
organize, present or disseminate any Confidential Information in accordance with and as permitted
by the provisions of this Section 11.15) provided that, in respect of (f) or (g) above,
such prospective or actual syndicate member or participant, or such agent, advisor or Person,
agrees with the respective Bank to be bound by the provisions of this Section 11.15 or is subject
to an obligation of non-disclosure which is not less onerous than this Section 11.15 in respect of
such Confidential Information (and provided that breach of such provisions or obligation by such
Person shall constitute a breach by the respective Bank of its obligations under this Section
11.15). The provisions of this Section 11.15 shall survive any termination of this Agreement.

          (b) Notwithstanding anything herein to the contrary, each party to this Agreement (and any
employee, representative or other agent of each such party) may disclose to any and all persons,
without limitation of any kind, the U.S. federal income tax treatment and the U.S. federal income
tax structure of the transactions contemplated hereby and all materials of any kind (including
opinions or other tax analyses) that are provided to it relating to such tax treatment and tax
structure. However, no disclosure of any information relating to such tax treatment or tax
structure may be made to the extent nondisclosure is reasonably necessary in order to comply with
applicable securities laws. The provisions of this Section 11.15(b) shall survive the termination
of the Commitments and repayment of the Loans.

          11.16 WAIVER OF JURY TRIAL. EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY
WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR
RELATING TO THIS AGREEMENT, THE CREDIT DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR
THEREBY.

          11.17 Register. The Borrower hereby designates the Administrative Agent to serve as
its agent, solely for purposes of this Section 11.17, to maintain a register (the “Register”) on
which it will record the Commitments from time to time of each of the Banks, the Loans made by each
of the Banks and each repayment in respect of the principal amount of the Loans of each Bank.
Failure to make any such recordation, or any error in such recordation shall not affect the
obligations of the Borrower in respect of such Loans. With respect to any Bank, the transfer of
the Commitments of such Bank and the rights to the principal of, and interest on, any Loan made
pursuant to such Commitments shall not be effective until such transfer is recorded on the Register
maintained by the Administrative Agent with respect to ownership of such Commitments and Loans and
prior to such recordation all amounts owing to the transferor with respect to such Commitments and
Loans shall remain owing to the transferor. The registration of assignment or transfer of all or
part of any Commitments and Loans shall be recorded by the Administrative Agent on the Register
only upon the acceptance by the Administrative Agent of a properly executed and delivered
Assignment and Assumption Agreement pursuant to Section 11.04(b). Coincident with the delivery of
such an Assignment and Assumption Agreement to the Administrative Agent for acceptance and
registration of assignment or transfer of all or part of a Loan, or as soon thereafter as
practicable, the assigning or transferor Bank shall surrender the Note evidencing such Loan, and
thereupon one or more new Notes in the same aggregate principal amount shall be issued to the
assigning or transferor Bank and/or the new Bank. The Borrower agrees to indemnify the
Administrative Agent from and against any and all losses, claims, damages and liabilities of
whatsoever nature which may

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be imposed on, asserted against or incurred by the Administrative Agent
in performing its duties under this Section 11.17 (but excluding any such losses, liabilities,
claims, damages or expenses to the extent incurred by reason of the gross negligence or willful
misconduct of the Administrative Agent).

          11.18 [Intentionally Omitted].

          11.19 Unrestricted Subsidiaries. Notwithstanding anything to the contrary contained
in this Agreement, (i) the Borrower may create or acquire one or more Subsidiaries and designate
(by written notice to the Administrative Agent and each Bank) such Subsidiary or Subsidiaries as an
“Unrestricted Subsidiary” (which Unrestricted Subsidiaries may include, without limitation, any
Person which is a Subsidiary of the Borrower on the Restatement Effective Date, (ii) such
Unrestricted Subsidiaries shall not (x) constitute Material Subsidiaries, (y) constitute
Subsidiaries for purposes of the definition of Material Subsidiaries or (z) be subject to Sections
5, 6, 7 or 8 of this Agreement (and the operations, assets and liabilities of such Unrestricted
Subsidiaries shall not be included in determining compliance with the financial covenants set forth
in Sections 7.10, 7.11 and 7.12, except that the carrying value of such Unrestricted Subsidiaries
recorded in accordance with GAAP shall be included in the definition of Net Worth), (iii) the
financial reports required to be provided hereunder (including, without limitation, those provided
pursuant to Section 6.01) shall be prepared in a manner (reasonably satisfactory to the
Administrative Agent) which distinguishes the operations, assets and liabilities of the
Unrestricted Subsidiaries from those of the Borrower and its other Subsidiaries, and (iv) the sum
of (x) the aggregate amount paid by the Borrower and its Subsidiaries (other than Unrestricted
Subsidiaries) in connection with the acquisitions of all Unrestricted Subsidiaries plus (y) the aggregate
amount of liability of and recourse to the Borrower and its Subsidiaries (other than Unrestricted
Subsidiaries) relating to the business and operations of all Unrestricted Subsidiaries (whether
pursuant to Contingent Obligations or otherwise) plus (z) the aggregate amount of investments
(including loans, advances and capital contributions) by the Borrower and its Subsidiaries (other
than Unrestricted Subsidiaries) in all Unrestricted Subsidiaries shall not exceed $100,000,000 at
any time.

          11.20 USA Patriot Act

          Each Bank hereby notifies the 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 “Patriot Act”), it is
required to obtain, verify and record information that identifies the Borrower, which information
includes the name and address of the Borrower and other information that will allow such Bank to
identify the Borrower in accordance with the Patriot Act.

          11.21 Restatement of Prior Credit Agreement.

          The parties hereto agree that, on the Restatement Effective Date, the following transactions
shall be deemed to occur automatically, without further action by any party hereto:

          (a) the Prior Credit Agreement shall be deemed to be amended and restated in its entirety in
the form of this Agreement;

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          (b) all obligations outstanding under the Prior Credit Agreement on the Restatement Effective
Date shall, to the extent not paid on the Restatement Effective Date, in all respects be continuing
and shall be deemed to be Obligations outstanding hereunder; and

          (c) all references in the other Credit Documents to the Prior Credit Agreement shall be deemed
to refer without further amendment to this Agreement.

*
   *    *

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     IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this Agreement to
be duly executed and delivered as of the date first above written.

	 	 	 	 	 	 	 
	Address:	 	 	 	 
	699 Walnut Street
	 	AMERUS GROUP CO.	 	 
	Des Moines, Iowa 50309
	 	 	 	 	 	 
	Tel: (515) 362-3630
	 	 	 	 	 	 
	Fax: (515) 362-3648

	 	By
	 	/s/ Melinda S. Urion	 	 
	 

	 	 	 	 	 	 
	Attention: Brenda Cushing

                 Senior Vice President and 

                 Controller

	 	 	 	Title: Executive Vice President, Chief

          Financial Officer & Treasurer	 	 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A.

Individually, as Administrative Agent and as 
Issuing Bank

 	 
	 	By  	/s/ Lawrence Palumbo, Jr.
 	 
	 	 	Title: Vice President 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A.

Individually and as Co-Syndication Agent

 	 
	 	By  	/s/ Jeffrey M. Shaver
 	 
	 	 	Title: Vice President 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	CITIBANK, N.A.

Individually and as Co-Syndication Agent

 	 
	 	By  	/s/ Thomas Fontana
 	 
	 	 	Title: Managing Director 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	THE BANK OF NEW YORK

Individually and as Co-Syndication Agent

 	 
	 	By  	/s/ Lizanne Eberle
 	 
	 	 	Title: Vice President 	 
	 	 	 	 

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	 	CREDIT SUISSE, CAYMAN ISLANDS BRANCH

 	 
	 	By  	/s/ Jay Cahill
 	 
	 	 	Title: Director 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	 	 
	 	By  	/s/ James Neira
 	 
	 	 	Title: Associate 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	DEUTSCHE BANK AG

 	 
	 	By  	/s/ Ruth Leung
 	 
	 	 	Title: Director 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	 	 
	 	By  	/s/ John S. McGill
 	 
	 	 	Title: Director 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	GOLDMAN SACHS CREDIT
PARTNERS L.P.

 	 
	 	By  	/s/ William Archer
 	 
	 	 	Title: Managing Director 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	LASALLE BANK NATIONAL ASSOCIATION

 	 
	 	By  	/s/ Brandon S. Allison
 	 
	 	 	Title: Vice President 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	PNC BANK, NATIONAL ASSOCIATION

 	 
	 	By  	/s/ Edward Chidiac
 	 
	 	 	Title: Managing Director 	 
	 	 	 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	THE BANK OF NOVA SCOTIA

 	 
	 	By  	/s/ Todd Meller
 	 
	 	 	Title: Managing Director 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	THE NORTHERN TRUST COMPANY

 	 
	 	By  	/s/ Chris McKean
 	 
	 	 	Title: Vice President 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION

 	 
	 	By  	/s/ David Hirsch
 	 
	 	 	Title: Vice President 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION

 	 
	 	By  	/s/ Tim Holdgrafer
 	 
	 	 	Title: Officer 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	MERRILL LYNCH BANK USA

 	 
	 	By  	/s/ Louis Alder
 	 
	 	 	Title: Director 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	BANKERS TRUST COMPANY, N.A.

 	 
	 	By  	/s/ Anne McKibben
 	 
	 	 	Title: Assistant Vice President 	 
	 	 	 	 
	 

	 	 	 	 	 

 

 

	 	 	 	 	 
	 	COMMERCE BANK, N.A.

 	 
	 	By  	/s/ Wayne Lewis
 	 
	 	 	Title: Vice President 	 
	 	 	 	 

 

 

ANNEX I

LIST OF BANKS AND COMMITMENTS

	 	 	 	 	 
	Bank Name	 	Commitment	 
	JPMorgan Chase Bank, N.A.
	 	$	30,000,000	 
	Bank of America, N.A.
	 	$	25,000,000	 
	Citibank, N.A.
	 	$	25,000,000	 
	The Bank of New York
	 	$	25,000,000	 
	Credit Suisse, Cayman Islands Branch
	 	$	20,000,000	 
	Deutsche Bank AG
	 	$	20,000,000	 
	Goldman Sachs Credit Partners L.P.
	 	$	20,000,000	 
	LaSalle Bank National Association
	 	$	20,000,000	 
	PNC Bank, National Association
	 	$	16,000,000	 
	The Bank of Nova Scotia
	 	$	16,000,000	 
	The Northern Trust Company
	 	$	16,000,000	 
	U.S. Bank National Association
	 	$	16,000,000	 
	Wells Fargo Bank, National Association
	 	$	16,000,000	 
	Merrill Lynch Bank USA
	 	$	15,000,000	 
	Bankers Trust Company, N.A.
	 	$	10,000,000	 
	Commerce Bank, N.A.
	 	$	10,000,000	 
	 
	 	 	 	 
	Total:
	 	$	300,000,000	 
	 
	 	 	 

 

 

ANNEX II

PLANS

			
	1.  	 	AmerUs Pension Plan
(surviving plan providing for benefits outlined in the following predecessor plan as a result of mergers:

          American Mutual Life Insurance Company Pension Plan EIN#: 42-0175020
          American Mutual Life Insurance Company Employee’s Pension Plan and Trust EIN#: 42-0611720

          Indianapolis Life Insurance Company Employees Pension Plan EIN#: 35-0413330)

EIN#: 42-0175020
Plan #: 100

			
	2.  	 	All«AmerUs
Savings & Retirement Plan
(All AmerUs Group companies
and one IMO, Creative Marketing International, Inc., are adopting
employers)
EIN#: 42-1458424
Plan #: 102

			
	3.  	 	SBS of Kansas, Inc. Profit Sharing Plan
(Senior
Benefit Services of Kansas, Inc.)
EIN#: 75-2356007
Plan #: 001
Fidelity Pension Plan Trust ID# 75-2613777

			
	4.  	 	The Chambers 401(k) Plan
(adopted by Insurance Agency Marketing Services, Inc.)
EIN #: 47-0700005
Plan #: 511232

 

 

ANNEX III

MATERIAL SUBSIDIARIES

	 	 	 	 	 	 	 
	Name	 	Owner	 	%	 
	American Investors Life Insurance Company, Inc.
	 	AmerUs Group Co. through	 	 	100	%
	 
	 	AmerUs Annuity Group Co.	 	 	 	 
	 
	 	 	 	 	 	 
	AmerUs Annuity Group Co.
	 	AmerUs Group Co.	 	 	100	%
	 
	AmerUs Life Insurance Company
	 	AmerUs Group Co.	 	 	100	%
	 
	 	 	 	 	 	 
	Bankers Life Insurance Company of New York
	 	AmerUs Group Co. through	 	 	100	%
	 
	 	ILICO Holdings, Inc., and	 	 	 	 
	 
	 	Indianapolis Life Insurance Company	 	 	 	 
	 
	 	 	 	 	 	 
	ILICO Holdings, Inc.
	 	AmerUs Group Co.	 	 	100	%
	 
	 	 	 	 	 	 
	Indianapolis Life Insurance Company
	 	AmerUs Group Co. through	 	 	100	%
	 
	 	ILICO Holdings, Inc.	 	 	 	 

 

 

ANNEX IV

CAPITALIZATION

	1.	 	Options relating to the common stock of Borrower granted with respect to stock plans and
other agreements, including 2,872,902 outstanding options.
	 
	2.	 	Restricted stock units relating to the common stock of the Borrower granted with respect to
stock plans and other agreements, including 49,962 outstanding restricted stock units.
	 
	3.	 	Restricted stock units relating to the common stock of the Borrower granted with respect to
the AmerUs Group Co. Long Term Incentive Plan, including a maximum of 251,400 outstanding
restricted stock units.
	 
	4.	 	1,448,198 options to be issued in the future pursuant to stock plans and/or agreements with
employees, agents, officers and directors of the Borrower and/or its Subsidiaries.
	 
	5.	 	The Borrower has issued 168,507.81 stock units under the Borrower’s MIP Deferral Plan to be
issued in the future under such plan which are payable in stock upon termination of the
restrictions on receipt of value for such units.
	 
	6.	 	The Borrower has issued $143,750,000 PRIDES (as defined in the Agreement) securities which
are mandatorily convertible into the Borrower’s common stock.

 

 

ANNEX V

INDEBTEDNESS

Indebtedness aggregating $5,000,000 or more with respect to Borrower and its Material
Subsidiaries

	 	 	 	 	 	 	 
	Description	 	Borrowing	 	Principal	 
	and Lender	 	Entity	 	Amount	 
	Senior Notes (Public Debt)
	 	AmerUs Group Co.	 	$	300,000,000	 
	 
	 	 	 	 	 	 
	8.85% Capital Securities, Series A
(Public Debt)
	 	AmerUs Group Co.	 	 	50,755,000	 
	 
	 	 	 	 	 	 
	PRIDESsm
 (Public Debt)
	 	AmerUs Group Co.	 	 	143,750,000	 
	 
	 	 	 	 	 	 
	Surplus Note (Public Debt)
	 	Indianapolis Life Insurance Company	 	 	25,000,000	 
	 
	 	 	 	 	 	 
	Surplus Note (AmerUs Group Co.)
	 	AmerUs Life Insurance Company	 	 	50,000,000	 
	 
	 	 	 	 	 	 
	Federal Home Loan Bank Advances
	 	AmerUs Life Insurance Company	 	 	11,749,835	 
	 
	 	 	 	 	 	 
	Revolving Credit Agreement
(various banks)
	 	AmerUs Group Co.	 	 	9,000,000	 
	 
	 	 	 	 	 	 
	Total
	 	 	 	$	590,254,835	 

 

 

     Part A

	 	 	 	 	 	 	 
	Description and Lender	 	Borrowing Entity	 	Principal Amount	 
	Surplus Note (Public Debt)
	 	Indianapolis Life Insurance Company	 	 	25,000,000	 
	 
	 	 	 	 	 	 
	Surplus Note (AmerUs Group Co.)
	 	AmerUs Life Insurance Company	 	 	50,000,000	 
	 
	 	 	 	 	 	 
	Federal Home Loan Bank Advances
	 	AmerUs Life Insurance Company	 	 	11,749,835	 
	 
	 	 	 	 	 	 
	Total Part A
	 	 	 	$	86,749,835	 

 

 

ANNEX VI

INSURANCE LICENSES

AMERUS LIFE INSURANCE COMPANY

	 	 	 	 	 	 	 	 	 
	1

	 	Alabama
	 	 	 	 	 	 
	2

	 	Alaska
	 	 	 	 	 	 
	3

	 	Arizona
	 	 	 	 	 	 
	4

	 	Arkansas
	 	 	 	 	 	 
	5

	 	California
	 	 	 	 	 	 
	6

	 	Colorado
	 	 	 	 	 	 
	7

	 	Connecticut
	 	 	 	 	 	 
	8

	 	Delaware
	 	 	 	 	 	 
	9

	 	District of Columbia
	 	 	 	 	 	 
	10

	 	Florida
	 	 	 	 	 	 
	11

	 	Georgia	 	 	 	 	 	 
	12

	 	Hawaii	 	 	 	 	 	 
	13

	 	Idaho	 	 	 	 	 	 
	14

	 	Illinois	 	 	 	 	 	 
	15

	 	Indiana	 	 	 	 	 	 
	16

	 	Iowa	 	 	 	 	 	 
	17

	 	Kansas	 	 	 	 	 	 
	18

	 	Kentucky	 	 	 	 	 	 
	19

	 	Louisiana	 	 	 	 	 	 
	20

	 	Maine	 	 	 	 	 	 
	21

	 	Maryland	 	 	 	 	 	 
	22

	 	Massachusetts	 	 	 	 	 	 
	23

	 	Michigan	 	 	 	 	 	 
	24

	 	Minnesota	 	 	 	 	 	 
	25

	 	Mississippi	 	 	 	 	 	 
	26

	 	Missouri	 	 	 	 	 	 
	27

	 	Montana	 	 	 	 	 	 
	28

	 	Nebraska	 	 	 	 	 	 
	29

	 	Nevada	 	 	 	 	 	 
	30

	 	New Hampshire	 	 	 	 	 	 
	31

	 	New Jersey	 	 	 	 	 	 
	32

	 	New Mexico	 	 	 	 	 	 
	33

	 	North Carolina	 	 	 	 	 	 
	34

	 	North Dakota	 	 	 	 	 	 
	35

	 	Ohio	 	 	 	 	 	 
	36

	 	Oklahoma	 	 	 	 	 	 
	37

	 	Oregon	 	 	 	 	 	 
	38

	 	Pennsylvania	 	 	 	 	 	 
	39

	 	Rhode Island	 	 	 	 	 	 
	40

	 	South Carolina	 	 	 	 	 	 
	41		South Dakota						
	42		Tennessee						
	43		Texas						
	44		Utah						
	45		Vermont						
	46		Virginia						
	47		washington						
	48		West Virginia						
	49		Wisconsin						
	50		Wyoming						

 

 

ANNEX VI

INSURANCE LICENSES

AMERICAN INVESTORS LIFE INSURANCE COMPANY, INC.

	 	 	 	 	 	 	 	 	 
	1

	 	Alabama
	 	 	 	 	 	 
	2

	 	Alaska
	 	 	 	 	 	 
	3

	 	Arizona
	 	 	 	 	 	 
	4

	 	Arkansas
	 	 	 	 	 	 
	5

	 	California
	 	 	 	 	 	 
	6

	 	Colorado
	 	 	 	 	 	 
	7

	 	Connecticut
	 	 	 	 	 	 
	8

	 	Delaware
	 	 	 	 	 	 
	9

	 	District of Columbia
	 	 	 	 	 	 
	10

	 	Florida
	 	 	 	 	 	 
	11

	 	Georgia	 	 	 	 	 	 
	12

	 	Hawaii	 	 	 	 	 	 
	13

	 	Idaho	 	 	 	 	 	 
	14

	 	Illinois	 	 	 	 	 	 
	15

	 	Indiana	 	 	 	 	 	 
	16

	 	Iowa	 	 	 	 	 	 
	17

	 	Kansas	 	 	 	 	 	 
	18

	 	Kentucky	 	 	 	 	 	 
	19

	 	Louisiana	 	 	 	 	 	 
	20

	 	Maine	 	 	 	 	 	 
	21

	 	Maryland	 	 	 	 	 	 
	22

	 	Massachusetts	 	 	 	 	 	 
	23

	 	Michigan	 	 	 	 	 	 
	24

	 	Minnesota	 	 	 	 	 	 
	25

	 	Mississippi	 	 	 	 	 	 
	26

	 	Missouri	 	 	 	 	 	 
	27

	 	Montana	 	 	 	 	 	 
	28

	 	Nebraska	 	 	 	 	 	 
	29

	 	Nevada	 	 	 	 	 	 
	30

	 	New Hampshire	 	 	 	 	 	 
	31

	 	New Jersey	 	 	 	 	 	 
	32

	 	New Mexico	 	 	 	 	 	 
	33

	 	North Carolina	 	 	 	 	 	 
	34

	 	North Dakota	 	 	 	 	 	 
	35

	 	Ohio	 	 	 	 	 	 
	36

	 	Oklahoma	 	 	 	 	 	 
	37

	 	Oregon	 	 	 	 	 	 
	38

	 	Pennsylvania	 	 	 	 	 	 
	39

	 	Rhode Island	 	 	 	 	 	 
	40

	 	South Carolina	 	 	 	 	 	 
	41	 	South Dakota	 	 	 	 	 	 
	42	 	Tennessee	 	 	 	 	 	 
	43	 	Texas	 	 	 	 	 	 
	44	 	Utah	 	 	 	 	 	 
	45	 	Vermont	 	 	 	 	 	 
	46	 	Virginia	 	 	 	 	 	 
	47	 	washington	 	 	 	 	 	 
	48	 	West Virginia	 	 	 	 	 	 
	49	 	Wisconsin	 	 	 	 	 	 
	50	 	Wyoming	 	 	 	 	 	 

 

 

ANNEX VI

INSURANCE LICENSES

BANKERS LIFE INSURANCE COMPANY OF NEW YORK

	 	 	 
	1

	 	Connecticut
	2

	 	Florida
	3

	 	Illinois
	4

	 	Indiana
	5

	 	Iowa
	6

	 	Kansas
	7

	 	Kentucky
	8

	 	Massachusetts
	9

	 	Michigan
	10

	 	Mississippi
	11

	 	Nevada
	12

	 	New Jersey
	13

	 	New York
	14

	 	North Carolina
	15

	 	Pennsylvania
	16

	 	Rhode Island
	17

	 	Vermont

 

 

ANNEX VI

INSURANCE LICENSES

INDIANAPOLIS LIFE INSURANCE COMPANY

	 	 	 	 	 	 	 	 	 
	1

	 	Alabama
	 	 	 	 	 	 
	2

	 	Alaska
	 	 	 	 	 	 
	3

	 	Arizona
	 	 	 	 	 	 
	4

	 	Arkansas
	 	 	 	 	 	 
	5

	 	California
	 	 	 	 	 	 
	6

	 	Colorado
	 	 	 	 	 	 
	7

	 	Connecticut
	 	 	 	 	 	 
	8

	 	Delaware
	 	 	 	 	 	 
	9

	 	District of Columbia
	 	 	 	 	 	 
	10

	 	Florida	 	 	 	 	 	 
	11

	 	Georgia	 	 	 	 	 	 
	12

	 	Hawaii	 	 	 	 	 	 
	13

	 	Idaho	 	 	 	 	 	 
	14

	 	Illinois	 	 	 	 	 	 
	15

	 	Indiana	 	 	 	 	 	 
	16

	 	Iowa	 	 	 	 	 	 
	17

	 	Kansas	 	 	 	 	 	 
	18

	 	Kentucky	 	 	 	 	 	 
	19

	 	Louisiana	 	 	 	 	 	 
	20

	 	Maine	 	 	 	 	 	 
	21

	 	Maryland	 	 	 	 	 	 
	22

	 	Massachusetts	 	 	 	 	 	 
	23

	 	Michigan	 	 	 	 	 	 
	24

	 	Minnesota	 	 	 	 	 	 
	25

	 	Mississippi	 	 	 	 	 	 
	26

	 	Missouri	 	 	 	 	 	 
	27

	 	Montana	 	 	 	 	 	 
	28

	 	Nebraska	 	 	 	 	 	 
	29

	 	Nevada	 	 	 	 	 	 
	30

	 	New Jersey	 	 	 	 	 	 
	31

	 	New Mexico	 	 	 	 	 	 
	32

	 	North Carolina	 	 	 	 	 	 
	33

	 	North Dakota	 	 	 	 	 	 
	34

	 	Ohio	 	 	 	 	 	 
	35

	 	Oklahoma	 	 	 	 	 	 
	36

	 	Oregon	 	 	 	 	 	 
	37

	 	Pennsylvania	 	 	 	 	 	 
	38

	 	Rhode Island	 	 	 	 	 	 
	39

	 	South Carolina	 	 	 	 	 	 
	40

	 	South Dakota	 	 	 	 	 	 
	41
	 	Tennessee	 	 	 	 	 	 
	42

	 	Texas	 	 	 	 	 	 
	43

	 	Utah	 	 	 	 	 	 
	44

	 	Vermont	 	 	 	 	 	 
	45

	 	Virginia	 	 	 	 	 	 
	46

	 	Washington	 	 	 	 	 	 
	47

	 	West Vriginia	 	 	 	 	 	 
	48

	 	Wisconsin	 	 	 	 	 	 
	49

	 	Wyoming	 	 	 	 	 	 

 

 

ANNEX VII

REINSURANCE

NONE

 

 

ANNEX VIII

LIENS

NONE

 

 

EXHIBIT A

FORM OF NOTICE OF BORROWING

___________, ___

JPMorgan Chase Bank, N.A.

   as Administrative Agent for the Banks

   party to the Credit Agreement referred

   to below

270 Park Avenue

New York, New York 10017

Attention:

Gentlemen:

The undersigned refers to the Amended and Restated Credit Agreement, dated as of June 16, 2006 (as
amended, modified or supplemented from time to time, the “Credit Agreement,” the terms defined
therein being used herein as therein defined), among the undersigned, certain Banks from time to
time party thereto, Bank of America, N.A., Citibank, N.A. and The Bank of New York, as
Co-Syndication Agents, and JPMorgan Chase Bank, N.A., as Administrative Agent for such Banks, and
hereby gives you notice, pursuant to Section 1.03(a) of the Credit Agreement, that the undersigned
hereby requests a Loan under the Credit Agreement, and in that connection sets forth below the
information relating to such Loan (the “Proposed Loan”) as required by Section 1.03(a) of the
Credit Agreement.

     (i) The Business Day of the Proposed Loan is ___, ___.

     (ii) The aggregate principal amount of the Proposed Loan is $___.

     (iii) The Proposed Loan is to be initially maintained as a [Base Rate Loan] [Eurodollar
Loan].

     [(iv) The initial Interest Period for the Proposed Loan is ___.]1

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

     (A) the representations and warranties contained in the Credit Agreement or the other
Credit Documents are true and correct in all material respects, before and after giving
effect to the Proposed Loan and to the application of the proceeds thereof, as though made
on and as of such date, unless any such representation or warranty is stated

 

			
	1	 	To be included for a Proposed Borrowing of Eurodollar Loans. Interest Periods of one week or one, two, three or six months may be selected.

 

 

Exhibit A

Page 2

to relate to a specific earlier date, in which case such representations and warranties
shall have been true and correct in all material respects as of such earlier date; and

     (B) no Default or Event of Default has occurred and is continuing, or would result from
such Proposed Loan or from the application of the proceeds thereof.

	 	 	 	 	 
	 	 	Very truly yours,
	 
	 	 	 	 
	 	 	AMERUS GROUP CO.
	 
	 	 	 	 
	 

	 	By	 	 
	 

	 	 	 	 
	 

	 	 	 	Title:

 

 

EXHIBIT B

FORM OF NOTE

			
	$                    
	 	New York, New York
	 
	 	                            ,          

FOR VALUE RECEIVED, AMERUS GROUP CO., a corporation duly organized under the laws of the State of
Iowa (the “Borrower”), hereby promises to pay to the order of                                          (the
“Bank”), in lawful money of the United States of America in immediately available funds, at the
Payment Office (as defined in the Agreement referred to below), the principal sum of
                     DOLLARS ($                    ) or, if less, the then unpaid principal amount of all Loans (as
defined in the Agreement) made by the Bank pursuant to the Agreement, on the date or dates
specified in the Agreement.

The Borrower also promises to pay interest on the unpaid principal amount of each Loan in like
money at said office from the date such Loan is made until paid at the rates and at the times
provided in Section 1.08 of the Agreement.

This Note is one of the Notes referred to in Section 1.05 of the Amended and Restated Credit
Agreement, dated as of June 16, 2006, among the Borrower, the financial institutions from time to
time party thereto (including the Bank), Bank of America, N.A., Citibank, N.A. and The Bank of New
York, as Co-Syndication Agents, and JPMorgan Chase Bank, N.A., as Administrative Agent (as from
time to time in effect, the “Agreement”) and is entitled to the benefits thereof. This Note is
entitled to the benefits of the Credit Documents (as defined in the Agreement). As provided in the
Agreement, this Note is subject to voluntary and mandatory prepayment, in whole or in part in
accordance with Sections 3.01 and 3.02 of the Agreement, and Loans may be converted in accordance
with Section 1.06 of the Agreement.

In case an Event of Default (as defined in the Agreement) shall occur and be continuing, the
principal of and accrued interest on this Note may become or be declared to be due and payable in
the manner and with the effect provided in the Agreement.

The Borrower hereby waives presentment, demand, protest or notice of any kind in connection with
this Note.

 

 

Exhibit B

Page 2

THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF NEW
YORK.

	 	 	 	 	 
	 	 	AMERUS GROUP CO.
	 
	 	 	 	 
	 

	 	By	 	 
	 

	 	 	 	 
	 

	 	 	 	Title:

 

 

EXHIBIT C

FORM OF LETTER OF CREDIT REQUEST

Dated                                         

JPMorgan Chase Bank, N.A.

1111 Fanin Street, 10th Floor

Houston, Texas 77002

Attention: Omar Musule

			
	Re:	 	the Amended and Restated Credit Agreement (the “Credit
Agreement”), dated as of June 16, 2006,
among AmerUS Group Co.,
the lending institutions from time to time party thereto,
Bank of America, N.A., Citibank N.A. and The Bank of New York
as Co-Syndication Agents, and
JPMorgan Chase Bank, N.A., as Administrative Agent

Issuing
Bank:
[   1   
]

Dear Ladies and Gentlemen:

          We hereby request that the Issuing Bank, in its individual capacity, issue a standby Letter of
Credit for the account of the undersigned on
   2    (the “Date of
Issuance”) in the aggregate stated amount of
   3   .

          For the purposes of this Letter of Credit Request, unless otherwise defined herein, all
capitalized terms used herein and defined in the Credit Agreement shall have the respective meaning
provided such terms in the Credit Agreement.

 

			
	1	 	Insert name of Administrative Agent or such other Bank as agreed by the Borrower, such other Bank and the Administrative Agent.
	 
	2	 	Date of Issuance shall be at least five Business Days from the date hereof (or such shorter period as is acceptable to the Issuing Bank).
	 
	3	 	Insert amount.

 

 

Exhibit C

Page 2

          The
beneficiary of the requested Letter of Credit will be    4   ,
and such Letter of Credit will be in support of
   5    and will have a
stated expiration date of    6   .

          We hereby certify that:

          (1) the representations and warranties contained in the Credit Agreement and in the other
Credit Documents are and will be true and correct in all material respects, both before and after
giving effect to the issuance of the Letter of Credit requested hereby, on the Date of Issuance;
and

          (2) no Default has occurred and is continuing nor, after giving effect to the issuance of the
Letter of Credit requested hereby, would such a Default occur.

	 	 	 	 	 
	 	 	AMERUS GROUP CO.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	Name:
	 

	 	 	 	Title:

 

			
	4	 	Insert name and address of beneficiary.
	 
	5	 	Insert description of L/C Supportable Obligations.
	 
	6	 	Insert the last date upon which drafts may be presented which may not be later than the earlier of (x) one year after the date of issuance and (y) the fifth Business Day prior to the Maturity Date.

 

 

EXHIBIT D

FORM OF SECTION 3.04(b)(ii) CERTIFICATE

          Reference is hereby made to the Amended and Restated Credit Agreement, dated as of June 16,
2006, among AMERUS GROUP CO., an Iowa corporation (the “Borrower”), the Banks party thereto from
time to time, Bank of America, N.A., Citibank, N.A. and The Bank of New York, as Co-Syndication
Agents, and JPMORGAN CHASE BANK, N.A., as Administrative Agent (the “Administrative Agent”) (as
amended, modified or supplemented from time to time, the “Credit Agreement”). Pursuant to the
provisions of Section 3.04 of the Credit Agreement, the undersigned hereby certifies that it is not
a “bank” as such term is used in Section 881(c)(3)(A) of the Internal Revenue Code of 1986, as
amended.

          The undersigned shall promptly notify the Borrower and the Administrative Agent if any of the
representations and warranties made herein are no longer true and correct.

	 	 	 	 	 
	 	 	[NAME OF FINANCIAL INSTITUTION]
	 
	 	 	 	 
	 

	 	By	 	 
	 

	 	 	 	 
	 

	 	 	 	Name:
	 

	 	 	 	Title:

Date:                         ,      

 

EXHIBIT E

AmerUs Group Co.

699 Walnut Street, 20th Floor

Des Moines, IA 50309-3948

515/362-3694 Phone

515/362-3648 Fax

June      , 2006

			
	To:  	 	JPMorgan Chase Bank, N.A. (the “Administrative Agent”),
and each of the financial institutions listed on Annex I
to the Credit Agreement referred to below (collectively,
the “Banks”).

			
	Re:  	 	Amended and Restated Credit Agreement, dated as of June
___, 2006 (the “Credit Agreement”), among AmerUs Group Co.
(the “Borrower”), the financial institutions party thereto
(the “Banks”), Bank of America, N.A., Citibank, N.A. and
The Bank of New York as Co-Syndication Agents and JPMorgan
Chase Bank, N.A., as Administrative Agent, and the
transactions contemplated thereby.

Ladies and Gentlemen:

          I am Executive Vice President and General Counsel of the Borrower and counsel to each of the
corporations listed in Annex III of the Credit Agreement (the Borrower and such corporations
collectively referred to as the “Corporations”). This opinion is rendered to you in compliance
with Section 4.01(b) of the Credit Agreement. Unless otherwise indicated, capitalized terms used
herein, but not otherwise defined herein shall have the respective meanings set forth in the Credit
Agreement.

          In connection with this opinion, I have examined originals or copies, certified or otherwise
identified to my satisfaction, of such documents as I have deemed necessary or appropriate as a
basis for the opinions set forth herein, including, without limitation, the following
(collectively, the “Documents”): (a) the Credit Agreement, (b) the Notes and (c) such other public
and corporate documents and records as I deem necessary or appropriate in connection with this
opinion. In my examinations, I have assumed the genuineness of all signatures, the authenticity of
all documents submitted to me as originals and the conformity with the originals of all documents
submitted to me as copies. I have investigated such questions of law and have conferred with other
attorneys for the purpose of rendering this opinion as I have deemed necessary.

 

 

Page 2 of 4

          Based upon the foregoing, I am of the opinion that:

          1. Each Corporation (i) is a duly organized and validly existing corporation or business trust
or other entity in good standing under the laws of the jurisdiction of its organization and has
the corporate or other organizational power and authority to own its property and assets and to
transact the business in which it is engaged and presently proposes to engage, and (ii) has been
duly qualified and is authorized to do business and is in good standing in all jurisdictions where
it is required to be so qualified, and, in each case, where the failure to be so organized,
existing, qualified, authorized or in good standing or lack of power and authority would have a
Material Adverse Effect. Each Corporation which is a Material Regulated Insurance Company
possesses all state insurance licenses required to be held by such Material Regulated Insurance
Company in each jurisdiction in which it does business where the failure to be so licensed would
have a Material Adverse Effect.

          2. The Borrower has the corporate power and authority to execute, deliver and carry out the
terms and provisions of each of the Documents and has taken all necessary corporate action to
authorize the execution, delivery and performance of the Documents. The Borrower has duly executed
and delivered each Document.

          3. Each Document constitutes the legal, valid and binding obligation of the Borrower
enforceable in accordance with its terms, except as noted below.

          4. Neither the execution, delivery or performance by the Borrower of the Documents, nor
compliance by it with the terms and provisions thereof, nor the consummation of the transactions
contemplated therein, (i) will contravene any provision of any law, statute, rule or regulation
(including, without limitation, Regulations T, U and X of the Board of Governors of the Federal
Reserve System) or any order, writ, injunction or decree of any court or governmental
instrumentality of the United States of America or the State of Iowa or any governmental or
regulatory body of any thereof which is applicable to the Borrower, (ii) will conflict or be
inconsistent with or result in any breach of, any of the terms, covenants, conditions or provisions
of, or constitute a default under, or result in the creation or imposition of (or the obligation to
create or impose) any Lien (other than any Liens created pursuant to the Credit Agreement) upon any
of the property or assets of any Corporation pursuant to the terms of any indenture, mortgage, deed
of trust, credit agreement, loan agreement or other agreement or instrument to which such
Corporation is a party or by which it or any of its property or assets are bound or to which it may
be subject or (iii) will violate any provision of the Certificate of Incorporation or By-laws of
such Corporation.

          5. No order, consent, approval, license, authorization, or validation of, or filing, recording
or registration with, or exemption by, any foreign or domestic governmental or public body or
authority, or any subdivision thereof, or any other third party (in each case except as have been
obtained or made prior to the date hereof), is required to authorize, or is required in connection
with, (i) the execution, delivery and performance of any Document by the Borrower or (ii) the
legality, validity, binding effect or enforceability of any such Document with respect to the
Borrower.

 

 

Page 3 of 4

          6. To the best of my knowledge and other than has been disclosed in the Borrower’s filings
with the Securities and Exchange Commission, there are no legal or governmental proceedings pending
or overtly threatened with respect to any Corporation that would be expected to have a Material
Adverse Effect.

          7. The Borrower is not an “investment company” or a company “controlled” by an “investment
company”, within the meaning of the Investment Company Act of 1940, as amended.

          8. On the Restatement Effective Date, the authorized capital stock of the Borrower consists of
230,000,000 shares common stock, no par value per share and 20,000,000 shares of preferred stock,
no par value per share. On the Restatement Effective Date, all such capital stock of the Borrower
has been duly authorized and issued, is fully paid and non-assessable, and is free of preemptive
rights.

          The opinions expressed above are subject to the following qualifications:

     (i) enforceability of the Documents may be limited by applicable bankruptcy,
insolvency, liquidation, rehabilitation, conservatorship, receivership, reorganization,
arrangement, moratorium or other similar laws generally affecting creditors’ rights and by
equitable principles (regardless of whether enforcement is sought in equity or at law);

     (ii) the provisions of the Documents that permit the Administrative Agent or any of
the Banks to take action or make determinations, or to benefit from indemnities and similar
undertakings of the Borrower, may be subject to a requirement that such action be taken or
such determinations be made, and that any action or inaction by the Administrative Agent or
any of the Banks that may give rise to a request for payment under such an undertaking be
taken or not taken, on a reasonable basis and in good faith;

          (iii) I am a member of the Bar of the State of Arizona and an officer and shareholder of the
Borrower. This opinion is limited to the laws of the State of Iowa and the State of New York and I
have assumed, with your consent, that the laws of the State of Iowa and the State of New York are
identical in all respects to the laws of the State of Arizona. I express no opinion on the
reasonableness of such assumptions. I express no opinion on the law of any other jurisdiction or
principles of conflict of laws and can assume no responsibility for the applicability or effect of
any such laws or principles. As to various questions of fact relevant to the opinions expressed
herein, I have relied upon, and assume the accuracy of, the representations and warranties made by
the Borrower and certificates and oral or written statements and other information of or from
public officials and representatives of the Borrower and others, and assume compliance on the part
of all parties to the Agreement with their covenants and agreements contained therein. The phrase
“to the best of my knowledge,” or words of similar import, means conscious awareness of facts or
information, without independent investigation, except as otherwise stated.

 

 

Page 4 of 4

          This opinion is being furnished by me as Executive Vice President and General Counsel of the
Borrower only to the addressees and is solely for their benefit and the benefit of their
participants and assigns in connection with the above transaction. Without my prior written
consent, this letter may not be used, circulated, quoted or otherwise referred to for any other
purpose or relied upon by, or assigned to, any other person for any purpose. This opinion is given
as of the date hereof, and I undertake no obligation to modify or update this opinion to reflect
events, circumstances or changes in law occurring after the date of this correspondence.

	 	 	 
	 

	 	Very truly yours,
	 
	 	 
	 

	 	Christopher J. Littlefield
	 

	 	Executive Vice President and
	 

	 	General Counsel

 

 

EXHIBIT F-1

FORM OF OFFICER’S CERTIFICATE

AMERUS GROUP CO.

Officer’s Certificate

I, the undersigned, [President/Vice President] of AMERUS GROUP CO., a corporation organized and
existing under the laws of the State of Iowa (the “Company”), do hereby certify, as such officer
and not individually, that:

1. This Certificate is furnished pursuant to Section 4.01(c) of the Amended and Restated Credit
Agreement, dated as of June 16, 2006, among AmerUs Group Co., the lending institutions from time to
time party thereto, Bank of America, N.A., Citibank, N.A. and The Bank of New York, as
Co-Syndication Agents, and JPMorgan Chase Bank, N.A., as Administrative Agent (such Credit
Agreement, as in effect on the date of this Certificate, being herein called the “Credit
Agreement”). Unless otherwise defined herein, capitalized terms used in this Certificate shall
have the meanings set forth in the Credit Agreement.

2. On the date hereof, all of the conditions in Sections 4.01(e), (f), (g) and (h) and Section
4.02(a) of the Credit Agreement have been satisfied (except to the extent that any such condition
is required to be satisfactory to or determined by any Bank, the Required Banks and/or the
Administrative Agent).

3. On the date hereof, the representations and warranties contained in the Credit Agreement or in
the other Credit Documents to which the Company is a party are true and correct in all material
respects, both before and after giving effect to the making of each Loan to be made on the date
hereof and the application of the proceeds thereof (it being understood and agreed that any
representation or warranty which by its terms is made as of a specified date shall be required to
be true and correct in all material respects only as of such specified date).

4. On the date hereof, no Default or Event of Default has occurred and is continuing under any
Credit Document to which the Company is a party or would result from the making of each Loan to be
made on the date hereof or from the application of the proceeds thereof.

5. There is no proceeding for the dissolution or liquidation of the Company or any of its
Subsidiaries or, to the knowledge of the Company, threatening their existence.

 

 

Exhibit F-1

Page 2

     IN
WITNESS WHEREOF, I have hereunto set my hand this ___ day of [                    ], 2006.

	 	 	 
	 

	 	AMERUS GROUP CO.
	 
	 	 
	 
	 	 
	 

	 	 

Name:
	 

	 	Title: [President/Vice President]

 

 

EXHIBIT F-2

FORM OF SECRETARY’S CERTIFICATE

AMERUS GROUP CO.

Secretary’s Certificate

I, the undersigned, [Secretary/Assistant Secretary] of AMERUS GROUP CO., a corporation organized
and existing under the laws of the State of Iowa (the “Company”), do hereby certify, as such
officer and not individually, that:

          1. This Certificate is furnished pursuant to Section 4.01(c) of the Amended and Restated
Credit Agreement, dated as of June 16, 2006, among AmerUs Group Co., the lending institutions from
time to time party thereto, Bank of America, N.A., Citibank, N.A. and The Bank of New York, as
Co-Syndication Agents, and JPMorgan Chase Bank, N.A., as Administrative Agent (such Credit
Agreement, as in effect on the date of this Certificate, being herein called the “Credit
Agreement”). Unless otherwise defined herein, capitalized terms used in this Certificate shall
have the meanings set forth in the Credit Agreement.

          2. The following named individuals are elected officers of the Company, each holds the office
of the Company set forth opposite his name and has held such office since May 4, 2006. The
signature written opposite the name and title of each such officer is his correct signature.

	 	 	 	 	 
	Name	 	Office	 	Signature
	 
	Thomas C. Godlasky
	 	Chairman, President & CEO	 	 
	 
	 	 	 	 

	 	 	 	 	 
	Melinda S. Urion
	 	Executive Vice President, Chief	 	 
	 
	 	Financial Officer & Treasurer
	 	 

	 	 	 	 	 
	Brenda J. Cushing
	 	Senior Vice President &	 	 
	 
	 	Controller
	 	 

	 	 	 	 	 
	Christopher J. Littlefield
	 	Executive Vice President &	 	 
	 
	 	General Counsel
	 	 

	 	 	 	 	 
	James A. Smallenberger
	 	Senior Vice President &	 	 
	 
	 	Secretary
	 	 

          3. Attached hereto as Exhibit A is a certified copy of the Certificate of Incorporation or the
equivalent organizational document of the Company as filed in the Office of the Secretary of State
of the State of its incorporation, together with all amendments thereto adopted through the date
hereof.

 

 

Exhibit F-2

Page 2

          4. Attached hereto as Exhibit B is a true and correct copy of the By-Laws of the Company which
were duly adopted, are in full force and effect on the date hereof, and have been in effect since
the date of their adoption.

          5. Attached hereto as Exhibit C is a true and correct copy of the resolutions which were duly
adopted on May 4, 2006 and said resolutions have not been rescinded, amended or modified. Except
as attached hereto as Exhibit C, no resolutions have been adopted by the Board of Directors of the
Company which deal with the execution, delivery or performance of the Credit Agreement and Notes.

          6. There is no proceeding for the dissolution or liquidation of the Company or any of its
Material Subsidiaries or, to the knowledge of the Company, threatening their existence.

 

 

Exhibit F-2

Page 3

     IN
WITNESS WHEREOF, I have hereunto set my hand this ___ day of [                    ], 2006.

	 	 	 	 	 
	 

	 	AMERUS GROUP CO.
	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	 

Name:	 	 
	 

	 	Title:	 	 

 

 

EXHIBIT G

FORM OF ASSIGNMENT AND ASSUMPTION AGREEMENT

ASSIGNMENT AND ASSUMPTION AGREEMENT (the “Assignment Agreement”) dated as of                           ,           
between                                          (“Assignor”) and                                          (“Assignee”). All capitalized terms
used herein and not otherwise defined shall have the respective meanings provided such terms in the
Credit Agreement referred to below.

          1. The Assignor hereby sells and assigns to the Assignee without recourse and without
representation or warranty (other than as expressly provided herein), and the Assignee hereby
purchases and assumes from the Assignor, that interest in and to all of the Assignor’s rights and
obligations under the Credit Agreement as of the date hereof which represents the percentage
interest specified in Item 4 of Annex I hereto (the “Assigned Share”) of all of the outstanding
rights and obligations under the Credit Agreement relating to the facilities listed in Item 4 of
Annex I hereto, including, without limitation, all or any portion of the Total Commitment (if not
theretofore terminated) and all outstanding Loans. After giving effect to such sale and
assignment, the Assignee’s Commitment and the amount of the outstanding Loans owing to the Assignee
will be as set forth in Item 4 of Annex 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
other Credit Documents or the execution, legality, validity, enforceability, genuineness,
sufficiency or value of the Credit Agreement or the other Credit Documents or any other instrument
or document furnished pursuant thereto; and (iii) makes no representation or warranty and assumes
no responsibility with respect to the financial condition of the Borrower or any of its
Subsidiaries or the performance or observance by the Borrower or any of its Subsidiaries of any of
their obligations under the Credit Agreement or the other Credit Documents to which they are a
party or any other instrument or document furnished pursuant thereto.

          3. The Assignee (i) confirms that it has received a copy of the Credit Agreement and the other
Credit Documents, together with copies of the financial statements referred to therein and such
other documents and information as it has deemed appropriate to make its own credit analysis and
decision to enter into this Assignment Agreement; (ii) agrees that it will, independently and
without reliance upon the Administrative Agent, the Assignor or any other Bank 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) appoints and authorizes
the Administrative Agent to take such action as agent on its behalf and to exercise such powers
under the Credit Agreement and the other Credit Documents as are delegated to the Administrative
Agent by the terms thereof, together with such powers as are reasonably incidental thereto; and
(iv) agrees that it will perform and be otherwise obligated in accordance with their terms all of
the obligations which by the terms of the Credit Agreement are required to be performed by it or by
which it is otherwise obligated as a Bank.

 

 

Exhibit G

Page 2

          4. Following the execution of this Assignment Agreement by the Assignor and the Assignee, an
executed original hereof (together with all attachments) will be delivered to the Administrative
Agent. This Assignment and Assumption shall be effective, unless a later date is otherwise
specified in Item 5 of Annex I hereto (the “Settlement Date”), upon the date upon which each of the
following conditions shall have been satisfied (i) each of the Assignor and Assignee shall have
executed a copy hereof and delivered the same to the other party, (ii) receipt of the consent of
the Administrative Agent to the extent required by Section 11.04(b) of the Credit Agreement, (iii)
receipt by the Administrative Agent of the administrative fee referred to in such Section 11.04(b)
and (iv) the registration of the transfer as provided by Section 11.17 of the Credit Agreement.

          5. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of
the Settlement Date of this Assignment Agreement, (i) the Assignee shall be a party to the Credit
Agreement and, to the extent provided in this Assignment Agreement, have the rights and obligations
of a Bank thereunder and under the other Credit Documents and (ii) the Assignor shall, to the
extent provided in this Assignment Agreement, relinquish its rights and be released from its
obligations under the Credit Agreement and the other Credit Documents.

          6. It is agreed that the Assignee shall be entitled to (x) all interest on the Assigned Share
of the outstanding Loans at the rates specified in Item 6 of Annex I; (y) all Commitment Fees (if
applicable) on the Assigned Share of the Total Commitment, (if not theretofore terminated) at the
rate specified in Item 7 of Annex I hereto; and (z) all Utilization Fees (if applicable) on the
Assigned Share of the outstanding Loans, to the extent the aggregate amount of all Loans
outstanding equals or exceeds 50% of the Total Commitment, at the rate specified in Item 8 of Annex
I hereto; which, in each case, accrue on and after the Settlement Date, such interest and, if
applicable, Commitment Fees and Utilization Fees to be paid by the Administrative Agent directly to
the Assignee. It is further agreed that all payments of principal made on the Assigned Share of
the Loans which occur on and after the Settlement Date will be paid directly by the Administrative
Agent to the Assignee. Upon the Settlement Date, the Assignee shall pay to the Assignor an amount
specified by the Assignor in writing which represents the Assigned Share of the principal amount of
the respective Loans made by the Assignor pursuant to the Credit Agreement which are outstanding on
the Settlement Date, net of any closing costs, and which are being assigned hereunder. The
Assignor and the Assignee shall make all appropriate adjustments in payments under the Credit
Agreement for periods prior to the Settlement Date directly between themselves on the Settlement
Date.

          7. THIS ASSIGNMENT AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS
OF THE STATE OF NEW YORK.

*  
*   *

 

 

Exhibit G

Page 3

          IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers to execute
and deliver this Assignment Agreement, as of the date first above written, such execution also
being made on Annex I hereto.

	 	 	 	 	 	 	 
	 	 	[NAME OF ASSIGNOR],	 	 
	 	 	   as Assignor	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	[NAME OF ASSIGNEE],	 	 
	 	 	   as Assignee	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 
	Acknowledged and Agreed:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	JPMORGAN CHASE BANK, N.A.
	 	 	 	 	 	 
	   as Administrative Agent
	 	 	 	 	 	 

	 	 	 	 	 
	By
	 	 	 	 
	 

	 	 	 	 
	 

	 	Title:1
	 	 

 

			
	1	 	The consent of the Administrative Agent is required for certain assignments pursuant to Section 11.04(b) of the Credit Agreement.

 

 

ANNEX FOR ASSIGNMENT AND ASSUMPTION AGREEMENT

ANNEX I

	1.	 	Borrower: AmerUs Group Co.
	 
	2.	 	Name and Date of Credit Agreement:
	 
	 	 	Amended and Restated Credit Agreement, dated as of June 16, 2006, among AmerUs Group Co.,
various Banks from time to time party thereto, Bank of America, N.A., Citibank, N.A. and The
Bank of New York, as Co-Syndication Agents, and JPMorgan Chase Bank, N.A., as Administrative
Agent, as amended to the date hereof.
	 
	3.	 	Date of Assignment Agreement:
	 
	4.	 	Amounts (as of date of item #3 above):

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Outstanding	 	 	 	 
	 	 	 	 	 	 	Principal of Loans	 	 	Total Commitment	 
	 	 	 	 	a. Aggregate Amount
for all Banks
	 	$	 	 	 	$	 	 
	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	b. Assigned Share
	 	 	 	%	 	 	 	%
	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	c. Amount of
Assigned Share
	 	$	 	 	 	$	 	]1
	 	 	 	 	 
	 	 	 	 	 	 

	5.	 	Settlement Date:

			
	6.  Rate of Interest:                    	 	As set forth in Section 1.08 of the Credit Agreement
(unless otherwise agreed to by the Assignor and the Assignee)2

			
	7.  Commitment Fees:               	 	As set forth in Section 2.01(a) of the Credit Agreement
(unless otherwise agreed to by the Assignor and the Assignee)3

 

			
	1	 	This column should be deleted in the case of Assignment
Agreements executed after the termination of the Total Commitment.
	 
	2	 	The Borrower and the Administrative Agent shall direct the
entire amount of the interest to the Assignee at the rate set forth in Section
1.08 of the Credit Agreement, with the Assignor and Assignee effecting the
agreed upon sharing of the interest through payments by the Assignee to the
Assignor.

 

 

Annex I

Page 2

			
	8.     Utilization Fees:                    	 	As set forth in Section 2.01(b) of the Credit Agreement
(unless otherwise agreed to by the Assignor and the Assignee)4

			
	9.    	 	Notice:

	 	 	 	 	 
	ASSIGNOR:	 	 
	 
	 	 	 	 
	 

	 	 
	 	 
	 

	 	 
	 	 
	 

	 	 
	 	 
	 

	 	 

Attention:	 	 
	 

	 	Telephone:	 	 
	 

	 	Telecopier:	 	 
	 

	 	Reference:	 	 
	 
	 	 	 	 
	ASSIGNEE:	 	 
	 
	 	 	 	 
	 

	 	 
	 	 
	 

	 	 
	 	 
	 

	 	 
	 	 
	 

	 	 

Attention:	 	 
	 

	 	Telephone:	 	 
	 

	 	Telecopier:	 	 
	 

	 	Reference:	 	 
	 
	 	 	 	 
	Payment Instructions:	 	 
	 
	 	 	 	 
	ASSIGNOR:	 	 
	 
	 	 	 	 
	 

	 	 
	 	 
	 

	 	 
	 	 
	 

	 	 
	 	 
	 

	 	 

Attention:	 	 
	 

	 	Reference:	 	 

 

			
	3	 	The Borrower and the Administrative Agent shall direct the
entire amount of the Commitment Fees to the Assignee at the rate set forth in
Section 2.01(a) of the Credit Agreement, with the Assignor and the Assignee
effecting the agreed upon sharing of Commitment Fees through payment by the
Assignee to the Assignor.
	 
	4	 	The Borrower and the Administrative Agent shall direct the
entire amount of the Utilization Fees to the Assignee at the rate set forth in
Section 2.01(b) of the Credit Agreement, with the Assignor and the Assignee
effecting the agreed upon sharing of Utilization Fees through payment by the
Assignee to the Assignor.

 

 

Annex I

Page 3

	 	 	 	 	 
	ASSIGNEE:	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	 

	 	 
	 	 
	 

	 	 
	 	 
	 

	 	 
	 	 
	 

	 	 

Attention:	 	 
	 

	 	Reference:	 	 

Accepted and Agreed:

	 	 	 	 	 	 	 	 	 
	[NAME OF ASSIGNEE]	 	 	 	[NAME OF ASSIGNOR]  
	 
	 	 	 	 	 	 	 	 
	By
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 
	 	 	 	 	 	 
	 

	 	(Print Name and Title)
	 	 	 	(Print Name and Title)	 	 

 

 

EXHIBIT H

FORM OF INCREMENTAL COMMITMENT AGREEMENT

          This INCREMENTAL COMMITMENT AGREEMENT (this “Agreement”) is dated as of [                    ] [     ],
[     ] and made between the banks and financial institutions listed on Schedule I attached hereto
(the “Incremental Banks”), JPMorgan Chase Bank, N.A., as Administrative Agent (the “Administrative
Agent”) and AmerUs Group Co. (the “Borrower”).

          1. Reference is made to the Amended and Restated Credit Agreement, dated as of June 16, 2006,
among the Borrower, the banks and financial institutions from time to time party thereto (the
“Banks”), Bank of America, N.A., Citibank, N.A. and The Bank of New York, as Co-Syndication Agents,
and the Administrative Agent (as amended, modified or supplemented from time to time, the “Credit
Agreement”). Unless otherwise defined herein, capitalized terms used herein shall have the
respective meanings set forth in the Credit Agreement. This Agreement is a Credit Document.

          2. Each Incremental Bank hereby severally agrees to provide the Incremental Commitment set
forth opposite its name on Schedule I attached hereto (for each such Incremental Bank, its
“Incremental Commitment”). Each Incremental Commitment provided pursuant to this Agreement shall
be subject to all of the terms and conditions set forth in the Credit Agreement, including, without
limitation, Section 1.13 thereof.

          3. The parties hereto acknowledge and agree that upon the Agreement Effective Date (as defined
below), the Incremental Commitment of each Incremental Bank shall become, or in the case of an
existing Bank under the Credit Agreement, shall be added to (and thereafter become a part of), the
Commitment of such Incremental Bank. The parties hereto further agree that, with respect to the
Incremental Commitment provided by each Incremental Bank pursuant to this Agreement, such
Incremental Bank shall receive from the Borrower such upfront fees, unutilized commitment fees
and/or other fees, if any, as may be separately agreed to in writing with Borrower and acknowledged by the Administrative Agent, all of which fees shall be due and payable
to such Incremental Bank on the terms and conditions set forth in each such separate agreement.

          4. Furthermore, each of the parties hereto hereby agree to the terms and conditions set forth
on Schedule I hereto in respect of each Incremental Commitment provided pursuant to this
Agreement.

          5. Each Incremental Bank, to the extent not already a party to the Credit Agreement as a Bank
thereunder, (i) confirms that it is an Eligible Transferee, (ii) confirms that it has received a
copy of the Credit Agreement and the other Credit Documents, together with copies of the financial
statements referred to therein and such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into this Agreement and to become
a Bank under the Credit Agreement, (iii) agrees that it will, independently and without reliance
upon the Administrative Agent or any other Bank 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 and the other Credit Documents, (iv) appoints and
authorizes the Administrative Agent to take such action as

 

 

Exhibit H

Page 2

agent on its behalf and to exercise such powers under the Credit Agreement and the other
Credit Documents as are delegated to the Administrative Agent by the terms thereof, together with
such powers as are reasonably incidental thereto, (v) agrees that it will perform in accordance
with their terms all of the obligations which by the terms of the Credit Agreement and the other
Credit Documents are required to be performed by it as a Bank, and (vi) in the case of each
Incremental Bank organized under the laws of a jurisdiction outside the United States, attaches the
forms and/or Section 3.04(b)(ii) Certificate (in the form set out in Exhibit D to the
Credit Agreement) certifying as to its entitlement as of the date hereof to a complete exemption
from United States withholding taxes with respect to all payments to be made to it by the Borrower
under the Credit Agreement and the other Credit Documents.

          6. Upon the date of (i) the execution of a counterpart of this Agreement by each Incremental
Bank, the Administrative Agent and the Borrower, (ii) the delivery to the
Administrative Agent of a fully executed counterpart (including by way of facsimile or other
electronic transmission) hereof, (iii) the payment of any fees then due and payable in connection
herewith and (iv) the satisfaction of any other conditions precedent set forth in Section 3 of
Schedule I hereto (such date, the “Agreement Effective Date”), each Incremental Bank party
hereto (i) shall be obligated to make the Loans provided to be made by it as provided in this
Agreement on the terms, and subject to the conditions, set forth in the Credit Agreement and in
this Agreement and (ii) to the extent provided in this Agreement, shall have the rights and
obligations of a Bank thereunder and under the other applicable Credit Documents.

          7. The Borrower acknowledges and agrees that it shall be liable for all Obligations with
respect to the Incremental Commitments provided hereby including, without limitation, all Loans
made pursuant thereto.

          8. Attached hereto as Annex I is the officer’s certificate required to be delivered
pursuant to clause (iii) of the definition of “Incremental Loan Commitment Requirements” appearing
in Section 9 of the Credit Agreement certifying that the conditions set forth in clauses (i) and
(ii) of the definition of “Incremental Loan Commitment Requirements” appearing in Section 9 of the
Credit Agreement have been satisfied.

          9. Attached hereto as Annex II is an opinion of [insert name or names of counsel,
including in-house counsel, who will be delivering opinion], counsel to the Borrower, delivered as
required pursuant to clause (iv) of the definition of “Incremental Loan Commitment Requirements”
appearing in Section 9 of the Credit Agreement.

          10. Attached hereto as Annex III are true and correct copies of an officer’s
certificate and a good standing certificate of the Borrower required to be delivered pursuant to
clause (v) of the definition of “Incremental Loan Commitment Requirements” appearing in Section 9
of the Credit Agreement.

          11. Upon the occurrence of the Agreement Effective Date, this Agreement may only be changed,
modified or varied by written instrument in accordance with the requirements for the modification
of Credit Documents pursuant to Section 11.12 of the Credit Agreement.

 

 

Exhibit H

Page 3

          12. In the event of any conflict between the terms of this Agreement and those of the Credit
Agreement, the terms of the Credit Agreement shall control.

          13. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE
OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES.

*  
*   *

 

 

Exhibit H

Page 4

	 	 	 	 	 	 	 
	 	 	[NAME OF EACH INCREMENTAL BANK]	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title	 	 
	 
	 	 	 	 	 	 
	 	 	AMERUS GROUP CO.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title	 	 
	 
	 	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK, N.A.	 	 
	 	 	   as Administrative Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title	 	 

 

 

SCHEDULE I

TERMS AND CONDITIONS FOR INCREMENTAL COMMITMENT AGREEMENT

Dated as of                     ,      

	1.	 	Name of the Borrower: AmerUs Group Co.
	 
	2.	 	Incremental Commitment amounts (as of the Agreement Effective Date):

	 	 	 	 	       	 	 	 	 
	 	 	Names of Incremental Banks	 	 	Amount of Incremental Commitment	 
	Total:1
	 	 	 	 	 	 	 	 

	3.	 	Other Conditions
Precedent:2

 

			
	1	 	The aggregate amount of Incremental Commitments must be at least $25,000,000 and in integral multiples of $5,000,000 in excess thereof.
	 
	2	 	Insert any additional conditions precedent which may be required to be satisfied prior to the Agreement Effective Date.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}]]