Document:

Stockholders' Agreement, dated as of September 29, 2006

 Exhibit 10.2 
 STOCKHOLDERS’ AGREEMENT 
 This STOCKHOLDERS’ AGREEMENT (this
“Agreement”), entered into as of September 29, 2006, is by and among Chaparral Energy, Inc., a Delaware corporation (the “Company”), Fischer Investments, L.L.C., an Oklahoma limited liability company
(“Fischer”), Altoma Energy, an Oklahoma general partnership (“Altoma”), Chesapeake Energy Corporation, an Oklahoma corporation (“Chesapeake”), and each other holder of record of Common Stock (as
defined below) who may hereafter duly and properly become bound by the terms hereof as required by Section 8.4, each person named above and each Person that hereafter may become a party hereto as contemplated hereby being referred to
individually as a “Party” and collectively as the “Parties”. 
 RECITALS 
 WHEREAS, Chesapeake is acquiring Common Stock from each of the Company, Fischer and Altoma on the date hereof. 
 NOW, THEREFORE, in consideration of the mutual covenants and obligations hereinafter set forth, the parties hereto, intending to be legally bound, hereby
agree as follows: 
 ARTICLE 1 
 DEFINITIONS 
 1.1 Definitions. In addition to the terms defined elsewhere herein, the following terms shall have the
meanings set forth below: 
 “Affiliate” means, with respect to any Person, any Person controlling, controlled by, or under
common control with such Person. For the purposes of this definition, “control” means the possession of the power to direct or cause the direction of management and policies of such Person, whether through the ownership of voting
securities, by contract or otherwise. 
 “Agreement” has the meaning specified in the preamble hereto. 
 “Altoma” has the meaning specified in the preamble. 
 “Altoma Parties” means Altoma and its Permitted Transferees, collectively. 
 “Applicable Percentage” means with respect to each Party, a percentage equal to a fraction, the numerator of which is equal to the aggregate number of shares of Fully-Diluted Common Stock requested to be included in the
Piggyback Registration by such party and the denominator of which is equal to the number of shares of Fully-Diluted Common Stock requested to be included in the Piggyback Registration by all such Parties. 

 “Beneficial” ownership or “beneficially” owned, with respect to any
shares of Common Stock, shall have the same meaning as in Rule 13d-3 under the Securities Exchange Act of 1934, as amended. 
 “Board
of Directors” means the board of directors of the Company or any committee or other body acting on behalf of, and possessing the rights as may be delegated by, the board of directors of the Company. 
 “Bona Fide Offer” means any bona fide offer to acquire shares of Common Stock or Common Stock Equivalents (whether in the form of a
purchase of shares of Common Stock or Common Stock Equivalents, merger, business combination, recapitalization or otherwise) made by a Person which has the demonstrable financial ability to consummate such a transaction. 
 “Business” means the production, acquisition and development of oil and gas properties and alternative energy sources. 
 “Business Day” means any day other than a day on which banks in the State of Oklahoma or New York are authorized by law to close.

 “Capital Stock” means any and all shares of stock, interests, participations or other equivalents (however designated) of
capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation), and any and all warrants, options or other rights to purchase or acquire any of the foregoing, including, without limitation, any
Common Stock Equivalents. 
 “Chesapeake” has the meaning specified in the preamble. 
 “Common Stock” means the shares of common stock, par value US $0.01 per share, of the Company, or any successor interests thereto by
merger or conversion. 
 “Common Stock Equivalents” means (without duplication with any other shares of Common Stock or
Common Stock Equivalents) rights, warrants, options, convertible securities, or exchangeable securities or indebtedness, or other rights, exercisable for or convertible or exchangeable into, directly or indirectly, shares of Common Stock or
securities convertible or exchangeable into shares of Common Stock, whether at the time of issuance or upon the passage of time or the occurrence of some future event. 
 “Confidential Information” has the meaning specified in Section 8.7. 
 “Contractual Lock-Up Period” has the meaning specified in Section 4.1(a). 
 “Co-Sellers” has the meaning specified in Section 4.3(a). 
 “Co-Sellers’ Stock”
has the meaning specified in Section 4.3(a). 
 “Demand Period” has the meaning specified in
Section 5.1(a). 
  

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 “Demand Registration” has the meaning specified in Section 5.1(a).

 “Demand Request” has the meaning specified in Section 5.1(a). 
 “Effective Date” means the date of this Agreement. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 “Fair
Market Value” shall mean: 
 (i) Before a Qualified IPO, the value of shares of Common Stock of the Company held by
any Person as determined, whenever the terms and provisions hereof call for a determination of the “Fair Market Value” of such shares (a “Subject Interest”), in good faith by the Board of Directors to be, as of any date,
the fair market value of such Subject Interests. 
 (ii) After a Qualified IPO, the value of a Subject Interest is the
weighted average of the daily Trading Prices of such Subject Interest for the twenty (20) consecutive Trading Days prior to the date in question. “Trading Price” shall mean with respect to the Subject Interest: (A) the
sale prices on such day on the principal stock exchange on which such security is then listed or admitted to trading, (B) if such security is not listed or admitted to trading on any such exchange, the average of the trading prices of such
security in the over-the-counter market on such day as reported by the National Association of Securities Dealers Automated Quotation System, (C) if such firm is not engaged in the business of reporting such prices, as reported by a similarly
generally accepted reporting service or (D) if no such service is available, in such manner as furnished by any New York Stock Exchange member firm selected from time to time by the Board of Directors for that purpose. “Trading
Day” shall mean with respect to the Subject Interest: (A) if the applicable security is listed or admitted for trading on the New York Stock Exchange or other national or international securities exchange, a day on which the New York
Stock Exchange or such other national or international securities exchange is open for business, (B) if the applicable security is quoted on the National Market System of the NASDAQ, a day on which trades may be made on such National Market
System or (C) if the applicable security is not otherwise listed, admitted for trading or quoted, any Business Day. 
 “Fischer” has the meaning specified in the preamble hereto. 
 “Fischer Parties” means Fischer and
its Permitted Transferees, including without limitation its members Mark A. Fischer, Trustee of the Mark A. Fischer 1994 Trust and Susan L. Fischer, Trustee of the Susan L. Fischer 1994 Trust. 
 “Fully-Diluted Common Stock” means, at any time, the then outstanding shares of Common Stock of the Company plus (without duplication)
all shares of Common Stock issuable, whether at such time or upon the passage of time or the occurrence of future events, upon the exercise (including, with respect to all outstanding options, the “cashless-broker” exercise, if available,
through procedures approved by the Company), conversion or exchange of all then-outstanding Common Stock Equivalents. 
  

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 “GAAP” means generally accepted accounting principles as applied in the United States of
America. 
 “Group” means any Person and Affiliate(s) of that Person acting in concert for the purpose of acquiring, holding
or disposing of equity interests in the Company in other than a public offering of such equity interests. 
 “Holder” means
any Person owning shares of Common Stock of the Company. 
 “Information” has the meaning set forth in
Section 3.1(b). 
 “Lock-Up Expiration Date” has the meaning specified in Section 4.1(a).

 “Notice” has the meaning specified in Section 8.6. 
 “Notice Date” has the meaning specified in Section 4.3(b). 
 “Observer” has the meaning set forth in Section 3.1(b). 
 “Other Party” means any Person who becomes a party to this Agreement other than Fischer, Altoma, Chesapeake or a Permitted Transferee
thereof. 
 “Other Permitted Transferee” means in the case of any Other Party, (i) any corporation, partnership, trust
or other entity which is controlled by the applicable Other Party, (ii) the applicable Other Party’s heirs, executors, administrators, testamentary trustees, legatees or beneficiaries (collectively, “Associates”),
(iii) any trust, the beneficiaries of which, or any corporation, limited liability company or partnership, the stockholders, members or general or limited partners of which, include any of the respective Associates or their spouses or lineal
descendants, (iv) a voting trustee for one or more of the respective subsidiaries or Associates under the terms of a voting trust as of the Effective Date. 
 “Permitted Transferee” is defined only with respect to Fischer, Altoma and Chesapeake, and means respectively for each (i) any Affiliate, (ii) any corporation, partnership or other entity
which is an Affiliate of Fischer, Altoma or Chesapeake, as the case may be, (iii) any trust, the beneficiaries of which, or any corporation, limited liability company or partnership, the stockholders, members or general or limited partners of
which, include Fischer, Altoma or Chesapeake and (iv) a voting trustee for Fischer, Altoma or Chesapeake, as the case may be, under the terms of a voting trust. 
 “Person” means any natural person, corporation, limited liability company, limited partnership, general partnership, joint stock company, joint venture, association, company, trust, bank, trust
company, land trust, business trust or other organization, whether or not a legal entity, and any government or agency or political subdivision thereof. 
 “Piggyback Registration” has the meaning specified in Section 5.2. 
 “Piggyback Securities” has the meaning specified in Section 5.9. 
  

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 “Qualified IPO” means (i) a consummated initial public offering of shares of Common
Stock, which is underwritten on a firm commitment basis by a nationally-recognized investment banking firm, or (ii) any transaction resulting in the initial listing or quotation of the shares of Common Stock on a national securities exchange or
on the Nasdaq National Market. 
 “Registrable Securities” means the Common Stock and any shares of Common Stock that are
issuable upon the exercise of any right, including pursuant to any option, warrant or security convertible into shares of Common Stock or similar right and any other securities issued or issuable with respect to such shares of Common Stock by way of
a stock dividend or stock split or in connection with a combination of stock, recapitalization, merger, consolidation or reorganization; provided, that any Registrable Security will cease to be a Registrable Security when (i) a
registration statement covering such Registrable Security has been declared effective by the SEC and it has been disposed of pursuant to such effective registration statement, (ii) it is sold under circumstances in which all of the applicable
conditions of Rule 144 (or any similar provisions then in force) under the Securities Act are met or it is eligible for sale under Rule 144 without respect to any volume limitations, unless the Company fails, upon request of the Holder accompanied
by an opinion of counsel to the Holder, reasonably acceptable to the Company, to the effect that the Registrable Securities are eligible for resale under Rule 144(k), to remove all restrictive legends on certificates representing such Registrable
Security in connection with an anticipated Transfer of such Common Stock that is otherwise permitted by this Agreement, or (iii) (A) it has been otherwise Transferred and (B) the Company has delivered a new certificate or other
evidence of ownership for it not bearing any restrictive legend, other than the legend required pursuant to Section 8.5 of this Agreement, if applicable, and (C) it may be resold without registration under the Securities Act. 

“Registration Expenses” has the meaning specified in Section 6.2. 
 “Required Filing Date” has the meaning specified in Section 5.1(d). 
 “Required Sale” has the meaning specified in Section 4.3(a). 
 “Required Sale Notice” has the meaning specified in Section 4.3(a). 
 “Required Sale Date” has the meaning specified in Section 4.3(b). 
 “Restriction” has the meaning specified in Section 8.5(b). 
 “ROFO Notice” has the meaning specified in Section 4.9(a). 
 “ROFO Notice Price” has the meaning specified in Section 4.9(a). 
 “ROFO Offer Deadline” has the meaning specified in Section 4.9(a). 
 “ROFO Offer Notice” has the meaning specified in Section 4.9(a). 
 “ROFO Parties” has the meaning specified in Section 4.9(a). 
 “ROFO Seller” has the meaning specified in Section 4.9(a). 
  

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 “ROFO Shares” has the meaning specified in Section 4.9(a). 
 “Sale Price” has the meaning specified in Section 4.3(b). 
 “Sale Stock” has the meaning specified in Section 4.3(a). 
 “SEC” means the United States Securities and Exchange Commission or any successor governmental agency. 
 “Securities Act” means the Securities Act of 1933, as amended, or any successor federal statute, and the rules and regulations of the
SEC thereunder, all as the same shall be in effect at the time. 
 “Seller” has the meaning specified in
Section 4.3(a). 
 “Selling Holder” means a holder of Registrable Securities who is selling Registrable
Securities pursuant to a registration statement under the Securities Act. 
 “Stock Purchase Agreement” means the Stock
Purchase Agreement dated as of September 1, 2006, by and among the Company, Fischer, Altoma and Chesapeake. 
 “Subsequent
Notice” has the meaning specified in Section 3.7. 
 “Subsidiary” means (i) any corporation or
other entity a majority of the Capital Stock or other equity securities of which having ordinary voting power to elect a majority of the board of directors or other Persons performing similar functions is at the time owned, directly or indirectly,
with power to vote, by the Company or any direct or indirect Subsidiary of the Company, (ii) any limited liability company in which the Company or any direct or indirect Subsidiary is the sole managing member or (iii) any partnership in
which the Company or any direct or indirect Subsidiary is a general partner. 
 “Suspension Period” has the meaning
specified in Section 6.3. 
 “Tag-Along Offer” has the meaning specified in Section 4.2(a).

 “Tag-Along Sale” has the meaning specified in Section 4.2(a). 
 “Tag-Along Seller” has the meaning specified in Section 4.2(a). 
 “Tag-Along Seller’s Notice” has the meaning specified in Section 4.2(b). 
 “Third Party” means a third party or parties that are not an Affiliate of the Tag-Along Seller or Seller, as applicable. 
 “Transfer,” including the correlative terms “Transferring” or “Transferred,” means any direct or
indirect transfer, assignment, sale, gift, pledge, hypothecation or other encumbrance, or any other disposition (whether voluntary or involuntary or by operation of law), of shares of Common Stock (or any interest (pecuniary or otherwise) therein or
right thereto), including without limitation derivative or similar transactions or arrangements whereby a portion or all of the economic interest in, or risk of loss or opportunity for gain with respect thereto, shares of Common Stock is transferred
or shifted to another Person. 
  

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 “Underwriter” means a securities dealer that purchases any shares of Common Stock as
principal and not as part of such dealer’s market-making activities. 
 1.2 References; Gender; Number; Certain Phrases.
References to this “Agreement” shall mean this Stockholders’ Agreement, including all amendments, modifications and supplements and any exhibits or schedules to any of the foregoing, and shall refer to the Agreement as the same may be
in effect at the time such reference becomes operative. All references in this Agreement to an “Article,” “Section,” “Exhibit” or “Schedule” are to an Article, Section, Exhibit or Schedule of this Agreement,
unless the context requires otherwise. Unless the context requires otherwise, the words “this Agreement,” “hereof,” “hereunder,” “herein,” “hereby” or words of similar import refer to this Agreement
as a whole and not to a particular Article, Section, subsection, clause or other subdivision hereof. Whenever the context requires, the words used herein include the masculine, feminine and neuter gender, and the singular and the plural. The words
“include”, “includes” and “including” shall mean “include, without limitation,”, “includes, without limitation” and “including, without limitation,”, respectively. All references herein to
“dollars” or “$” refer to currency of the United States of America. Any accounting term used in this Agreement shall have, unless otherwise specifically provided herein, the meaning customarily given in accordance with GAAP.

 ARTICLE 2 
 REPRESENTATIONS
AND WARRANTIES 
 2.1 Each of Fischer, Altoma and Chesapeake, and each other Party that is not a natural person (as to itself only),
hereby represents and warrants to the Company and the other Parties that: 
 (a) it is duly organized, validly existing and in good standing
under the laws of its jurisdiction of incorporation, formation or organization, as the case may be, with full power and authority under its certificate of incorporation and/or other organizational document(s) to execute, deliver and perform this
Agreement and to consummate the transactions contemplated hereby, and the execution, delivery and performance by it of this Agreement and the consummation by it of the transactions contemplated hereby have been duly authorized by all necessary
action; 
 (b) this Agreement has been duly and validly executed and delivered by it and, upon the Effective Date, constitutes the binding
obligation enforceable against it in accordance with its terms, except to the extent that enforcement may be limited by or subject to any bankruptcy, insolvency, reorganization, moratorium or similar laws now or hereafter in effect relating to
creditors’ rights generally, to general principles of equity (including a court’s discretionary authority with respect to granting specific performance) and to mandatory provisions of public policy; and 
  

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 (c) the execution, delivery and performance by it of this Agreement and the consummation by it of the
transactions contemplated hereby will not, with or without the giving of notice or the lapse of time, or both, (i) violate any provision of law, statute, rule or regulation to which it is subject, (ii) violate any order, judgment, or
decree applicable to it or (iii) conflict with, or result in a breach or default under, any term or condition of its certificate of incorporation, by-laws or such other comparable organizational and governing document(s), as the case may be, or
any agreement or other instrument to which it is a party or by which it is bound. 
 2.2 Each Party who is a natural person hereby represents
and warrants (as to himself or herself only) to the Company and the other Parties that: 
 (a) he has full power and authority to execute,
deliver and perform this Agreement and to consummate the transactions contemplated hereby, and the execution, delivery and performance by him (or her) of this Agreement and the consummation by him (or her) of the transactions contemplated hereby
have been duly authorized by all necessary action; 
 (b) this Agreement has been duly and validly executed and delivered by him (or her)
and, upon the Effective Date, constitutes the binding obligation thereof enforceable against him (or her) in accordance with its terms, except to the extent that enforcement may be limited by or subject to any bankruptcy, insolvency, reorganization,
moratorium or similar laws now or hereafter in effect relating to creditors’ rights generally, to general principles of equity (including a court’s discretionary authority with respect to granting specific performance) and to mandatory
provisions of public policy; and 
 (c) the execution, delivery and performance by him (or her) of this Agreement and the consummation by him
(or her) of the transactions contemplated hereby will not, with or without the giving of notice or the lapse of time, or both, (i) violate any provision of law, statute, rule or regulation to which he (or she) is subject, (ii) violate any
order, judgment or decree applicable to him (or her) or (iii) conflict with, or result in a breach or default under, any term or condition of any agreement or other instrument to which he (or she) is a party or by which he (or she) is bound.

 2.3 The Company hereby represents and warrants to each other Party that: 
 (a) it is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware with full corporate power and
authority under its certificate of incorporation and other organizational documents to execute, deliver and perform this Agreement and to consummate the transactions contemplated hereby, and the execution, delivery and performance by it of this
Agreement and the consummation by it of the transactions contemplated hereby have been duly authorized by all necessary action; 
 (b) this
Agreement has been duly and validly executed and delivered by the Company and, upon the Effective Date, constitutes the binding obligation thereof enforceable against the Company in accordance with its terms, except to the extent that enforcement
may be limited by or subject to any bankruptcy, insolvency, reorganization, moratorium or similar laws now or hereafter in effect relating to creditors’ rights generally, to general principles of equity (including a court’s discretionary
authority with respect to granting specific performance) and to mandatory provisions of public policy; and 
  

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 (c) the execution, delivery and, upon the Effective Date, performance by the Company of this Agreement
and the consummation by the Company of the transactions contemplated hereby will not, with or without the giving of notice or the lapse of time, or both, (i) violate any provision of law, statute, rule or regulation to which the Company is
subject, (ii) violate any order, judgment or decree applicable to the Company or (iii) conflict with, or result in a breach or default under, any term or condition of its certificate of incorporation, bylaws or such other comparable
organizational and governing document(s), as the case may be, or any agreement or other instrument to which the Company is a party or by which it is bound. 
 ARTICLE 3 
 MANAGEMENT OF THE COMPANY; 
 ACTIVITIES OF THE PARTIES 
 3.1 Board of Directors. 
 (a) Generally. The Board of Directors of the Company shall manage the operation and affairs of the Company in accordance with the Company’s
certificate of incorporation and bylaws and, in accordance therewith, shall select, appoint and remove the officers of the Company. The directors comprising the Board of Directors shall meet the requirements of Sections 3.2 through
3.3 and may consist of such numbers of directors as determined from time to time in accordance with the provisions contained herein and in the Company’s certificate of incorporation and bylaws. Notwithstanding anything to the contrary
contained herein: 
  

	 	(i)	the Observer rights in Section 3.1(b) below shall terminate and be of no further force and effect on the earlier of (i) the closing date of the Qualified IPO or
(ii) the date Chesapeake ceases to beneficially own 5% or more of the Company’s outstanding Common Stock; 

  

	 	(ii)	the rights set forth in Sections 3.2 and 3.3 regarding the election of directors shall terminate and be of no further force or effect effective as of the closing date of
the Qualified IPO; 

  

	 	(iii)	the preemptive rights set forth in Section 3.7 shall terminate and be of no further force or effect effective as of the closing date of the Qualified IPO; and

  

	 	(iv)	the voting obligations of Altoma set forth in Section 3.9 shall terminate and be of no further force or effect effective as of the closing date of the Qualified IPO.

 (b) Board Observer. The Company shall permit a representative of Chesapeake (the “Observer”) to
attend all meetings of the Board of Directors and all committees thereof (whether in person, telephonic or other) in a non-voting, observer capacity and shall provide to Chesapeake the right to receive all notices, reports and other communications
sent to directors, at 
  

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 the same time they are transmitted to directors. The Observer may be excluded from any meeting or portion thereof and
need not be provided such materials if a majority of the Board of Directors reasonably believes that the Observer’s attendance at such meeting or access to such information would: (i) adversely affect attorney-client privilege between the
Company and its counsel; (ii) represent confidential or proprietary business information that could be misused by Chesapeake; or (iii) involve a conflict of interest between the Company and Chesapeake. Chesapeake agrees and acknowledges
that it and the Observer will be bound by the confidentiality provisions of Section 8.7 of this Agreement. The Company acknowledges that Chesapeake and the Observer may have, from time to time, information
(“Information”) that may be of interest to the Company regarding a wide variety of matters including, by way of example only, current and future investments Chesapeake has made, may make, may consider or may become aware of with
respect to other companies that may be competitive with the Company’s. The Information may or may not be known by the Observer. The Company agrees that Chesapeake and the Observer shall have no duty to disclose any Information to the Company or
permit the Company to participate in any investments based on any Information, or to otherwise take advantage of any opportunity that may be of interest to the Company if it were aware of such Information, and hereby waives, to the extent permitted
by law, any claim based on the corporate opportunity doctrine or that would require Chesapeake or the Observer to disclose any such Information to the Company or offer any opportunity relating thereto to the Company. Any one of the individuals named
on Schedule 3.2 may act as Chesapeake’s Observer. From time to time, Chesapeake may, upon written notice to and approval by the Company, propose an amendment to Schedule 3.2 to replace any of the individuals named on Schedule
3.2 with different individuals who may act as Observer. The right of Chesapeake to an Observer shall be suspended during the time period in which Chesapeake has exercised its right to direct the election and appointment of a director under
Section 3.4 hereof and such directors hold office. 
 3.2 Election of Directors Designated by Fischer. Prior to the closing of a
Qualified IPO and as long as Fischer, Altoma and their Permitted Transferees own in the aggregate in excess of 50% of the outstanding shares of Common Stock of the Company, the Parties to this Agreement (and any successor(s) in interest), shall take
or cause to be taken all action within their power, including, but not limited to, the voting of shares of Capital Stock of the Company (to the extent that any such Person holds shares of Capital Stock of the Company entitled to vote thereon),
required to cause the Board of Directors to nominate and to cause the election or appointment as directors two (2) directors designated by Fischer on and after the Effective Date or, if on such date or at any time thereafter the aggregate
number of directors exceeds three, such number of directors equal to the total number of directors not designated by Fischer. The Board of Directors shall nominate for election or shall appoint any directors designated by Fischer in accordance with
this Section 3.2 promptly upon request, and in the event such request is made, until such designees have been appointed the Board of Directors shall not take any action that could be adverse to Fischer or its Permitted Transferees or
Affiliates without the consent of Fischer or the existing designees of Fischer who are serving as directors. 
 3.3 Election of a Director
designated by Altoma. Prior to the closing of a Qualified IPO and as long as (i) Fischer, Altoma and their Permitted Transferees own in the aggregate in excess of 50% of the outstanding shares of Common Stock of the Company and
(ii) Altoma and its Permitted Transferees continue to own in excess of 5% of the outstanding shares of the 
  

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 Company’s Common Stock, the Parties to this Agreement (and any successor(s) in interest), shall take or cause to be
taken all action within their power, including, but not limited to, the voting of shares of Capital Stock of the Company (to the extent that any such Person holds shares of Capital Stock of the Company entitled to vote thereon), required to cause
the Board of Directors to nominate and to cause the election or appointment as a director one (1) director designated by Altoma. 
 3.4
Election of Directors designated by Chesapeake. At the written election of Chesapeake and prior to the closing of a Qualified IPO, the Parties to this Agreement (and any successor(s) in interest), shall take or cause to be taken all action
within their power, including, but not limited to, the voting of shares of Capital Stock of the Company (to the extent that any such Person holds shares of Capital Stock of the Company entitled to vote thereon), required to cause the Board of
Directors to expand the number of directors of the Company and to nominate and to cause the election or appointment as a director of one (1) director designated by Chesapeake as long as Chesapeake and its Permitted Transferees own in the
aggregate in excess of 5% of the outstanding shares of Common Stock of the Company; provided, Chesapeake shall not designate, and the Company shall not be required to nominate or appoint, any person who is an officer or director of Chesapeake or its
subsidiaries unless counsel to Chesapeake or such persons provides an opinion of counsel to the Company that such person’s directorship would not violate Section 8 of the Clayton Act (15 U.S.C. § 19) or Section 1 of the Sherman
Act (15 U.S.C. § 1). 
 3.5 Director Compensation. Members of the Board of Directors who are non-employees of the Company and are
not Affiliates of Altoma, Fischer or Chesapeake shall receive compensation for their services as board members as determined by the other members of the Board of Directors. 
 3.6 Repurchase of Stock from Certain Executives. Each Party hereto shall take all action within its power, including but not limited to, the
voting of shares of Capital Stock of the Company (to the extent that any such Person holds shares of Capital Stock of the Company entitled to vote thereon), required to approve any resolution submitted to the stockholders of the Company for the
approval of payments by the Company to executives, pursuant to employment agreements between such executives and the Company or any of its subsidiaries, for the repurchase by the Company of shares of Capital Stock of the Company held by such
executives. 
 3.7 Stockholders’ Preemptive Rights. If the Company proposes to sell any of its Capital Stock to any Person in a
transaction or transactions, as the case may be, other than (a) pursuant to a Qualified IPO or other public offering of any of its Capital Stock, (b) as consideration for the merger or other acquisition of any other Person, assets or
businesses, (c) equity securities offered to employees or directors of, or consultants or advisors to, the Company in accordance with the approval of the Board of Directors, or (d) any equity securities (including convertible debt or
warrants) issued as or in connection with a loan to or debt financing of the Company, each Party shall have the right to purchase, at the same price per share and upon substantially similar terms and conditions, up to a number of shares of such
Capital Stock sufficient for it to maintain the same percentage ownership of outstanding securities of such class of Capital Stock of the Company as it owned immediately prior to such issuance. In the event of a proposed transaction or transactions,
as the case may be, that would give rise to preemptive rights of a Party or Parties 
  

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 under this Section 3.7, the Company shall provide notice to such Party or Parties no later than thirty
(30) days prior to the expected consummation of such transaction or transactions. Each Party possessing preemptive rights hereunder shall provide notice of its election to exercise such rights within ten (10) Business Days after delivery
of such notice from the Company. If any Party having a right to purchase shares of the Company’s Capital Stock under the preceding sentence shall elect not to exercise such right, then the other Parties that have elected to exercise their
rights with respect hereto shall have the right to purchase additional shares of such Capital Stock from those upon which such right was not exercised, on a pro rata basis insofar as more than one such Party desires to so purchase additional shares
of Capital Stock; provided, however, that if, in connection with any proposed transaction or transactions giving rise to rights hereunder (including pursuant to a Subsequent Notice as described below), any shares of Capital Stock remain from
those that were available in the Parties pursuant to their rights hereunder, no Party shall have any preemptive rights under this Section and the proposed transaction or transactions shall be consummated without any exercise of preemptive rights
hereunder. In the event of a situation described in the preceding sentence in which a Party elects not to exercise its preemptive rights with respect to a proposed transaction or transactions, the Company shall provide notice (the
“Subsequent Notice”) of such fact within five (5) Business Days following the receipt of all of the notices concerning such elections from the Parties possessing such preemptive rights. Each Party possessing the right to
purchase the additional shares of Capital Stock upon which the preemptive rights were not exercised shall respond to this Subsequent Notice by sending a response notice with respect thereto within five (5) Business Days after delivery of the
Subsequent Notice. Failure of any Party to respond to such Subsequent Notice with a notice stating the election of such Party to purchase such additional shares of Capital Stock shall be deemed to be an election not to purchase such shares of
Capital Stock and the proposed transaction or transactions shall be consummated without any exercise of preemptive rights hereunder. 
 3.8
Financial Statements. 
 (a) As soon as practicable following the end of each fiscal year of the Company (in no event later than one
hundred twenty (120) days after the end of such fiscal year), the Company shall prepare and deliver to Fischer, Altoma and Chesapeake an audited consolidated balance sheet of the Company as of the end of such fiscal year and the related audited
consolidated statement of operations, changes in stockholders’ equity and cash flows of the Company for such fiscal year (or similar statements if such statements change as the result of changes in GAAP), together with the notes related
thereto. Such financial statements shall be accompanied by a report of the Company’s independent accountants to the effect that such financial statements have been prepared in conformity with GAAP applied on a basis consistent with prior years
(except as otherwise specified in such report) and that the audit of such financial statements has been performed in accordance with GAAP. The filing of the financial statements with the SEC shall satisfy the foregoing obligations. 
 (b) As soon as practicable following the end of the each fiscal quarter of the Company other than the final fiscal quarter (in no event later than sixty
(60) days after the end of such fiscal quarter), the Company shall prepare and deliver to Fischer, Altoma and Chesapeake an unaudited consolidated balance sheet of the Company as of the end of such fiscal quarter and the related unaudited
consolidated statement of operations, changes in stockholders’ equity and 
  

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 cash flows of the Company for such fiscal quarter and for the fiscal year to date (or similar statements if such
statements change as the result of changes in GAAP), in each case setting forth in comparative form the corresponding figures for the preceding fiscal quarter and for the fiscal quarter of the prior fiscal year corresponding to the fiscal quarter
just completed. The filing of the financial statements with the SEC shall satisfy the foregoing obligations. 
 3.9 Voting Agreement of
Altoma. Prior to a Qualified IPO, Altoma agrees that it shall not vote for the approval of (i) any merger, consolidation or conversion, (ii) an increase in authorized number of the Company’s shares, or the amendment of the
Company’s certificate of incorporation to designate any new series of preferred stock for which stockholder approval is required, (iii) the sale of all or substantially all of the Company assets, or (iv) a termination of the business
of or liquidation or dissolution of the Company, unless Fischer votes for such approval. 
 3.10 Standstill Agreement of Chesapeake.
Other than in connection with the exercise of its rights pursuant to Section 3.7, Section 4.8 and Section 4.9, or other transaction approved by the Board of Directors of the Company (including the acquisition of
shares of Common Stock pursuant to the Stock Purchase Agreement), Chesapeake agrees that it and Affiliates controlled by it will not, without the approval of the Board of Directors of the Company, acquire or publicly announce any intention to
acquire shares of Common Stock of the Company to the extent Chesapeake and Affiliates controlled by it would hold of record, beneficially own, or otherwise control the voting with respect to, in excess of 35% of the then-outstanding shares of Common
Stock of the Company after giving effect to such acquisition. 
 ARTICLE 4 
 TRANSFER OF SECURITIES 
 4.1 Transfer of Capital Stock. 
 (a) No Party other than the Company (which shall be subject to the preemptive rights set forth in Section 3.7) may Transfer any shares of Capital
Stock of the Company, except as contemplated by Sections 4.2, 4.3, 4.7, 4.8 or 4.9 hereof or pursuant to an offering of equity securities registered under the Securities Act by the Company. The terms and provisions
of this Article 4 shall terminate and be of no further force and effect with respect to Capital Stock owned by any of the Parties at such time as: (i) prior to a Qualified IPO, the percentage ownership of the Fischer Parties and
their Affiliates of the outstanding Common Stock of the Company is less than 25% of their percentage ownership of outstanding Common Stock as of the date hereof (the “Fischer Initial Position”) or (ii) after a Qualified IPO,
(x) with respect to Section 4.8 and Section 4.9, the closing date of the Qualified IPO, and (y) with respect to all other Sections under Article 4, the date that the “lock-up” period, as
specified in lock-up letters required under Section 5.12 or otherwise (the “Contractual Lock-Up Period”), relating to the Qualified IPO terminates (the “Lock-Up Expiration Date”). 
 (b) In the event any of the Holders is given the opportunity to participate in a Piggyback Registration and (i) such Holder declines to participate
in the Piggyback Registration and (ii) the sale of securities in the offering related to such declined Piggyback Registration is actually completed, then such Holder may, notwithstanding the provisions of this Article 4 (but

  

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 subject to its obligations under any lock-up letter to which such Holder is subject pursuant to Section 5.12
or otherwise), Transfer a number of shares equal to the number of shares it would have been able to sell in connection with the applicable Piggyback Registration, subject to Sections 4.6 and 4.9 of this Agreement and provided that the
purchaser(s) of such shares execute and become parties to this Agreement. 
 (c) Notwithstanding the terms of this Section 4.1,
after a Qualified IPO, Fischer, in its sole and absolute discretion, may permit any of the other Holders to Transfer shares of Capital Stock of the Company without the consent of the other Parties hereto. 
 4.2 Tag-Along Rights. 
 (a) If
Fischer, or any of its Permitted Transferees who have acquired Common Stock without Fischer making a Tag-Along Offer under this Section 4.2 (Fischer and any such other Fischer Parties being referred to herein as a “Tag-Along
Seller”), proposes to sell more than 25% of the outstanding shares of Common Stock at such time for value in a Bona Fide Offer to a Third Party in one transaction or a series of related transactions (such transaction, the “Tag-Along
Sale”), but excluding (i) a sale pursuant to a Qualified IPO or other public offering, (ii) any sale in which all of the Parties agree to participate, and (iii) a sale made pursuant to a ROFO Notice in accordance with
Section 4.9, then such Tag-Along Seller shall offer (the “Tag-Along Offer”) to each stockholder Party the right to include in the proposed sale a number of shares of Common Stock designated by any of the Parties, not to
exceed, in respect of any such Party, that number of shares of Common Stock determined by application of the following formula: (A) the number of all shares of Common Stock proposed to be sold by the Tag-Along Seller and such other Parties in
the Tag-Along Sale multiplied by (B)(i) the number of outstanding shares of Common Stock held by such Party divided by (ii) the sum of the number of outstanding shares of Common Stock held by all Tag-Along Sellers and other
Parties in the Tag-Along Sale. 
 (b) The Tag-Along Seller shall give written notice to each Party of the Tag-Along Offer (the
“Tag-Along Seller’s Notice”) not less than 30 days nor more than 270 days prior to the consummation of the proposed sale. The Tag-Along Seller’s Notice may be issued concurrent with a ROFO Notice pursuant to
Section 4.9. The Tag-Along Seller’s Notice shall specify the proposed transferee, the number of shares of Common Stock to be sold to such transferee, the amount and type of consideration to be received therefor, and the place and
date on which the sale is to be consummated. Each Party who wishes to include shares of Common Stock in the Tag-Along Sale in accordance with the terms of this Section 4.2 shall so notify the Tag-Along Seller not more than 15 days after
the date of receipt of the Tag-Along Seller’s Notice. The Tag-Along Offer shall be conditioned upon the Tag-Along Seller’s sale of shares of Common Stock pursuant to the transactions contemplated in the Tag-Along Seller’s Notice with
the transferee named therein. If any Party accepts the Tag-Along Offer, the Tag-Along Seller shall reduce to the extent necessary the number of shares of Common Stock it otherwise would have sold in the proposed sale so as to permit other Parties
who have accepted the Tag-Along Offer to sell the number of shares of Common Stock that they are entitled to sell under this Section 4.2, and the Tag-Along Seller and such other Party or Parties shall sell the number of shares of Common
Stock specified in the Tag-Along Offer to the proposed transferee in accordance with the terms of such sale set forth in the Tag-Along Seller’s Notice. 
  

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 (c) For purposes of this Section 4.2, the number of shares of Common Stock shall be deemed to
include the shares of Common Stock represented by Common Stock Equivalents. Notwithstanding the foregoing, no Common Stock Equivalents shall receive the benefits of this Section 4.2 prior to the time such Common Stock Equivalents are
exercisable for or convertible or exchangeable into shares of Common Stock and, in order to obtain the benefits of this Section 4.2, any such Common Stock Equivalents in the form of options, warrants or other securities convertible or
exchangeable into or exercisable for shares of Common Stock must be exercised or canceled prior to or simultaneously with the consummation of the sale pursuant to this Section 4.2. 
 (d) The acceptance of a Tag-Along Offer shall be binding and irrevocable upon the Party accepting the Tag-Along Offer unless (i) there is a material
adverse change in the material terms of the Tag-Along Sale or (ii) if otherwise mutually agreed in writing by the Tag-Along Sellers and such Party. By delivering and accepting a Tag-Along Offer, each Party accepting the Tag-Along Offer agrees
to execute and deliver such agreements and instruments as a Tag-Along Seller and Third Party might reasonably request to effect a proposed sale. 
 (e) Except as otherwise provided in this Section 4.2, the Common Stock subject to a Tag-Along Offer will be included in a proposed sale and in any agreements with the Third Party on the same terms and subject to the same
conditions applicable to the Common Stock of the Tag-Along Seller subject to the proposed sale. Such terms and conditions shall include, without limitation: the sales price; the payment of fees, commissions and expenses; the provision of
representations, warranties and indemnifications; provided that any indemnification provided by each requesting Party shall (except with respect to legal title to the relevant securities) be pro rata in proportion with the total consideration to be
received by the requesting Party as the case may be, relative to the total consideration to be received by the Tag-Along Seller and other requesting Parties. 
 (f) The terms, rights and obligations under this Section 4.2 shall terminate and be of no further force and effect on such date that the number of outstanding shares of Common Stock held by the Parties to
this Agreement is less than 50% of the then outstanding shares of Common Stock of the Company. 
 4.3 Drag-Along Rights. 

(a) Notwithstanding any other provision in this Article 4, but specifically subject to the right of first offer in Section 4.9,
if Fischer or its Permitted Transferees or other Affiliates (such Fischer Parties and/or their Affiliates being referred to in this Section 4.3 as the “Seller”) and any other Parties propose to sell in any single or
series of related transactions shares of Common Stock and Common Stock Equivalents representing all of the Common Stock and Common Stock Equivalents owned by the Seller and such other Parties and such shares of Common Stock constitute more than 50%
of the outstanding shares of Common Stock (the “Sale Stock”) at such time to a Third Party pursuant to a Bona Fide Offer, then the Seller shall have the right, subject to the provisions of this Section 4.3, to require
all other Parties that are not the Seller (collectively, the “Co-Sellers”) to include in such sale (a “Required Sale”) all, but not less than all of such Co-Seller’s shares of Common Stock and Common Stock
Equivalents (the “Co-Sellers’ Stock”), by delivering notice (the “Required Sale Notice”) to such other Parties. 
  

 15 

 (b) The Required Sale Notice shall set forth: (i) the date of such notice (the “Notice
Date”); (ii) the name and address of the Third Party; (iii) the proposed amount and type of consideration (subject to Chesapeake’s right to require payment to it in cash) to be paid per share of Common Stock for the Sale
Stock (the “Sale Price”), and a description in reasonable detail of the terms and conditions of payment offered by the Third Party, together with written proposals or agreements, if any, with respect thereto; and (iv) the
proposed date of the Required Sale (the “Required Sale Date”), which shall be not less than 30 nor more than 180 days after the Notice Date. 
 (c) The Co-Sellers shall cooperate in good faith with Seller in connection with consummating the Required Sale (including, without limitation, the giving of consents and the voting of any shares of Common Stock of the
Company held by the Co-Sellers to approve such Required Sale). On the Required Sale Date, each of the Co-Sellers shall deliver, free and clear of all liens, claims or encumbrances, and on the same terms and conditions applicable to the Seller’s
sale of the Sale Stock (subject to Chesapeake’s right to require payment to it in cash), a certificate or certificates and/or other instrument or instruments for all of its shares of Common Stock and Common Stock Equivalents, duly endorsed and
in proper form for transfer, with the signature guaranteed, to such Third Party in the manner and at the address indicated in the Required Sale Notice and Seller shall cause the Third Party to pay each Co-Seller’s share of the purchase price to
such Co-Seller. Notwithstanding anything to the contrary in this Section 4.3, all consideration to be paid for Common Stock held by Chesapeake or its Permitted Transferees controlled by Chesapeake shall be in the form of cash or immediately
available cash equivalent funds unless otherwise agreed to in writing by Chesapeake. 
 (d) In the event of any Required Sale, all Co-Sellers
that hold Common Stock Equivalents in the form of options, warrants or other securities convertible or exchangeable into or exercisable for shares of Common Stock must exercise or cancel all such options, warrants or conversion or other rights prior
to or simultaneously with the consummation of the Required Sale. 
 (e) The terms, rights and obligations under this Section 4.3
shall terminate and be of no further force and effect on such date that the number of outstanding shares of Common Stock held by the Parties to this Agreement is less than 50% of the then outstanding shares of Common Stock of the Company.

 4.4 Prohibited Transfers. Any purported Transfer of shares of Common Stock or Common Stock Equivalents by a Party that is not
permitted by the provisions of Article 4, or which is in violation of such provisions, shall be void and of no force and effect whatsoever. 
 4.5 Certain Events Not Deemed Transfers. Except as contemplated by Section 4.3 hereof, in no event shall any of the following constitute a transfer of shares of Common Stock for purposes of
Sections 4.1, 4.2, or 4.3 or be subject to the terms hereof: (i) an exchange, reclassification or other conversion of shares of Common Stock into any cash, securities or other property pursuant to a merger,
consolidation or recapitalization of the Company or any Subsidiary with, or a sale or transfer by the Company or any Subsidiary of all or substantially all its assets to, any Person; or (ii) an exercise or conversion of Common Stock Equivalents
into shares of Common Stock in accordance with the terms thereof. 
  

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 4.6 Transfers Subject to Compliance with Securities Act and Other Applicable Law. No shares of
Common Stock may be Transferred by a Party (other than pursuant to an effective registration statement under the Securities Act) unless such Party first delivers to the Company an opinion of counsel, which opinion and counsel shall be reasonably
satisfactory to the Company, to the effect that such Transfer is not required to be registered under the Securities Act and any other applicable law. 
 4.7 Permitted Transferees. 
 (a) Notwithstanding anything in this Agreement to the contrary (other
than Section 4.6), any of Fischer, Altoma or Chesapeake, or any Affiliate of any of Fischer, Altoma or Chesapeake, or any Permitted Transferee thereof may, without the consent of the Company or any of the Parties and without compliance
with Sections 4.1, 4.2, or 4.3, at any time Transfer any or all of its shares of Common Stock and Common Stock Equivalents to one or more Permitted Transferees, provided that (i) the Transfer to such Person is
not in violation of applicable U.S. federal or state securities laws, or other similar laws, and (ii) such Person(s), by accepting such shares of Common Stock or Common Stock Equivalents, shall be deemed to have agreed to be bound by the terms
of this Agreement on the same terms as the Transferring Party generally. 
 (b) Notwithstanding anything in this Agreement to the contrary
(other than Section 4.6), any Other Party or any Other Permitted Transferees may, without the consent of the Company or any of the Parties and without compliance with Sections 4.1, 4.2, or 4.3, at any time
Transfer any or all of its shares of Common Stock and Common Stock Equivalents to one or more Other Permitted Transferees, provided that (i) the Transfer to such Person is not in violation of applicable U.S. federal or state securities laws, or
other similar laws, (ii) such Person(s) shall execute and deliver to the Company a written acknowledgement, in form and substance satisfactory to the Company, stating that such Person(s) agrees to be bound by the terms of this Agreement (on the
same terms as such Other Party), and (iii) if any such Other Permitted Transferee shall cease to qualify as an Other Permitted Transferee after such Transfer, the Common Stock and Common Stock Equivalents of such Other Permitted Transferee
(A) shall continue to be subject to the terms and conditions of this Agreement and the acceptance of such shares of Common Stock or Common Stock Equivalents by such Person(s) shall be deemed as agreement to be so bound and (B) shall be
deemed to be owned by the Other Party that originally Transferred such shares pursuant to this Section 4.7(b) for the purpose of calculating such Other Party’s percentage ownership of Common Stock and/or Common Stock Equivalents as
such calculation may be required under the terms hereof. 
 (c) Notwithstanding anything in this Agreement to the contrary, upon the death of
any Party who is a natural person, the Transfer of any or all of such Party’s shares of Common Stock or Common Stock Equivalents to one or more of such Party’s legatees, heirs or trustees of a testamentary trust, or to an executor or
administrator of the estate of such deceased Party incident to guardianship or probate proceedings involving such estate shall not require the consent of the Company or any of the Parties and shall not be subject to compliance with
Sections 4.1, 4.2, or 4.3 so long as (i) such heir shall have agreed in writing to be bound by the terms of this Agreement and (ii) the Transfer to such heir is not in violation of applicable law. 
 4.8 Listing of Shares; Altoma Shares. 
 (a) The Company agrees to use its commercially reasonable efforts to effect a Qualified IPO prior to August 15, 2011.
  

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 (b) Each Altoma Party agrees that it shall include for sale in a registered public offering a number of
shares of Common Stock owned by it, which number shall be designated by the Company in its sole discretion, up to the number of shares of Common Stock to be sold concurrently by the Company, and in any event with a value not greater than a maximum
price to the public of $100 million without the consent of the Altoma Parties. Other than the initial sale of shares to Chesapeake pursuant to the Stock Purchase Agreement on the date of this Agreement, each Altoma Party agrees that it shall not,
without the consent of Fischer, Transfer any of its shares of Common Stock to any Person until after August 15, 2011, except through a Qualified IPO or with the consent of Fischer.
 (c) After August 15, 2011, if the Common Stock of the Company is not listed on an exchange or quoted on the Nasdaq National Market (or successor
quotation system or exchange), the Altoma Parties will have the right to Transfer to any Person up to 60% of the shares of Common Stock owned by Altoma as of the date of this Agreement pursuant to a Demand Request as set forth in
Section 5.1(b). However, notwithstanding Altoma’s right to a Demand Request set forth in Section 5.1(b), prior to making such Demand Request, each of the Altoma Parties agrees to offer its shares of Common Stock to
be Transferred first to the Company (who may elect to purchase any or all of the offered shares) for purchase at Fair Market Value. Such offer by the Altoma Parties shall be in writing and delivered to the Company, Fischer and Chesapeake. In
the event the Company elects to purchase less than all of Altoma’s shares of Common Stock offered for Transfer, the remaining shares will be offered to Fischer and Chesapeake on a 50/50 basis (who jointly may elect to purchase any or all of the
remaining offered shares) at Fair Market Value. Should either of Chesapeake or Fischer elect to purchase less than their share of the Common Stock, the other Party may elect to purchase more than their share up to the full balance of offered shares
remaining. The Company shall give written notice of its election to purchase within 10 Business Days after receipt of the Altoma Parties offer and Fischer and Chesapeake shall give written notice of their respective elections by the earlier of the
date 10 Business Days following the written notice of election by the Company or 20 Business Days after the Altoma Parties’ original offer notice. In the event that the Company or Fischer exercise the option to purchase the shares of Common
Stock offered by the Altoma Parties pursuant to this Section, each of the Altoma Parties agrees to finance up to 80% of the purchase price payable by the Company or Fischer under substantially the same terms and conditions as specified under
Section 4.8(d) of this Agreement. If the Company, Fischer and Chesapeake (i) provide notice of their intent not to purchase, (ii) do not provide notice of their intent on or before 20 Business Days after the date of receipt of
the Altoma Parties original offer notice, or (iii) fail to consummate a purchase of 100% of the shares offered by the Altoma Parties in accordance with this Section 4.8(c), each of the Altoma Parties will have the right, but not the
obligation, for 120 days thereafter to: (1) Transfer in an offering an amount not to exceed 60% of the shares of Common Stock owned by it as of the date of this Agreement, less the amount of shares of Common Stock Transferred to the
Company and the Fischer Parties and Chesapeake pursuant to the offering in this Section 4.8(c), to any person at a price equal to or greater than the price at which it was offered to the Company, Fischer and Chesapeake, or if such
proposed sale price is less than that offered to the Company, Fischer and Chesapeake, to provide the Company, Fischer and Chesapeake a right to purchase the remaining shares at the lower price (by 
  

 18 

 complying again with the provisions of this Section 4.8(c)) before selling to another person, or
(2) effect a Demand Request in accordance with Section 5.1(b), wherein each of the Altoma Parties agrees to offer for Transfer in such registration statement all of the Common Stock which has not been purchased pursuant to the
offering in this Section 4.8(c) 
 (d) Any deferred portion of the purchase price pursuant to Section 4.8(c) above payable
by the Company or Fischer shall be evidenced by a promissory note (“Promissory Note”) of the purchaser containing the following terms: 
  

	 	(i)	The Promissory Note shall bear interest at a fixed annual percentage rate equal to the prime rate in effect by JP Morgan Chase Bank, N.A. on the date of the Closing, may be prepaid
at any time without penalty (any principal prepayment shall be applied against the next maturing installment of principal), shall provide for acceleration upon default, penalty interest, notice and opportunity to cure upon default, and such other
standard and customary terms as the parties may agree. Except during any period in which the payments due under the Promissory Note are tolled pursuant to Section 4.8(d)(iii), the Promissory Note shall require equal semi-annual payments
of principal plus accrued interest over a term of four (4) years. The first such payment shall be due on the first semi-annual anniversary of the Closing, and subsequent payments shall be due consecutively on the subsequent semi-annual
anniversaries of such date until the fourth anniversary date at which time the unpaid balance of the Promissory Note plus accrued interest shall be due and payable. 

  

	 	(ii)	The payment of the Promissory Note shall be secured at any time and from time to time by that number of shares of Common Stock which equals one hundred twenty five percent
(125%) of the value of the unpaid principal amount remaining under the Promissory Note at such time, not to exceed in any case more than the original number of shares of Common Stock repurchased by the Company or purchased by Fischer. For
purposes of this Section 4.8(d)(ii), the value of the shares of Common Stock held as security for the payment of the Promissory Note shall be their Fair Market Value. At any time and from time to time, the purchaser shall be entitled to
a release of collateral to the extent that the value of the Common Stock held by the holder of the Promissory Note exceeds the unpaid principal amount remaining under the Promissory Note by more than twenty-five percent (25%). Upon request by the
purchaser for such release, the holder of the Promissory Note shall exchange the stock certificate held as collateral for a new stock certificate which reflects the release of shares pursuant to this provision. In addition to the release of
collateral described above, the purchaser shall have the right, at any time and from time to time, to substitute certificates of deposit issued by any state or national bank as security for the purchaser’s obligations. The shares of Common
Stock shall be released in such amount so that the sum of the face value of the certificate of deposit and one hundred twenty-five percent (125%) of the Fair Market Value of the shares of Common Stock retained by the 

 

 19 

	 	    	holder of the Promissory Note as of the end of the most recent fiscal quarter for the Company for which financial statements are available equals the unpaid principal amount
remaining under the Promissory Note. So long as the purchaser is not in default under the Promissory Note, the purchaser shall be entitled to receive all interest paid on such substituted collateral. 

  

	 	(iii)	Any Promissory Note issued by the Company pursuant to this Section 4.8 shall provide that it is payable only out of “surplus” (as described in §154 of the
Delaware General Corporation Law), and shall further provide that, in the event the Company shall not, at the time set for any payment, have available an adequate surplus from which to make such payment, or any portion thereof, the Company shall not
make such payment, or such portion thereof, as the case may be, and the date for payment, or such portion thereof, shall be tolled, with interest accruing thereon until such surplus is available. The provisions of this Agreement regarding the
Company’s issuance and payment of Promissory Notes only from surplus shall not be construed to impose on the Company any obligation to create or generate any surplus of any type whatsoever. However, each year the Company shall not declare any
cash or stock dividend or voluntarily cause any other charge to be made against surplus if the result thereof would be to cause surplus to fall below the level needed to make any payment(s) on a Promissory Note(s) which is payable during such year
period or whose payment has been and is, at the time of such dividend or charge, tolled pursuant to this Section 4.8(d)(iii). In the event the payment of any installment on any Promissory Note is tolled for a period of more than six
(6) months, such Promissory Note shall be in default, and the holder of such Promissory Note may, upon notice of default by the holder and failure of the payee to make such payment within 30 days after the date such notice is received, declare
the principal and all interest accrued thereon to be due and payable and may foreclose on any shares of Common Stock or other collateral which shall be the security therefor. 

 4.9 Right of First Offer. 
 (a)
Subject to and excluding other permitted transfers set forth in Section 4.1(a) for any transfers made pursuant to an offering of equity securities registered under the Securities Act, Section 4.3 pursuant to a sale in which
the Sellers are exercising such drag-along rights, Section 4.5 and Section 4.7, in the event Fischer or Chesapeake or any Permitted Transferee who has acquired shares of Common Stock from such party (the “ROFO
Seller”) desires to Transfer shares of Common Stock owned by it to any Person other than (i) a Permitted Transferee or (ii) pursuant to a Demand Request in accordance with Section 5.1(b), the ROFO Seller hereby agrees
to notify in writing (the “ROFO Notice”) each of the stockholder Parties that is not a ROFO Seller (the “ROFO Parties”) and the Company, of: (A) its desire to Transfer such shares of Common Stock, (B) the
number of shares proposed to be Transferred (the “ROFO Shares”) and (C) the price at which the ROFO Seller is willing to sell the ROFO Shares (the “ROFO Notice Price”), and (D) other terms of such proposed
sale. The ROFO Seller(s) will negotiate in good 
  

 20 

 faith for a period of not less than 21 days after the date of the ROFO Notice with any ROFO Parties who express an
interest in acquiring the ROFO Shares. The ROFO Parties shall be entitled, but not required, within 21 days after the delivery date of the ROFO Notice, to deliver a cash offer notice (an “ROFO Offer Notice”) to the ROFO Seller of
their offer for all, or any portion, of the ROFO Shares set forth in the ROFO Notice. If any ROFO Offer Notice is accepted by the ROFO Seller, each ROFO Party timely delivering a ROFO Offer Notice shall have the right to acquire a pro rata number of
ROFO Shares based on the relative number of shares of Common Stock then owned by all of the ROFO Parties timely delivering a ROFO Offer Notice. 
 (b) Unless the ROFO Seller and the ROFO Parties otherwise agree, in the event ROFO Offer Notices at least equal to the ROFO Notice Price are not delivered to the ROFO Seller on or prior to the date 21 days after the delivery date of the
ROFO Notice (the “ROFO Offer Deadline”), the offer shall be deemed rejected with respect to such ROFO Shares so offered, and, at any time within 120 days after the ROFO Offer Deadline, the ROFO Seller shall be entitled to sell any
ROFO Shares not Transferred pursuant to the ROFO Offer Notices for a cash price equal to or greater than the ROFO Notice Price. After the expiration of such 120-day period, if the ROFO Seller has not sold, the ROFO Seller may not Transfer the ROFO
Shares without complying again with the provisions of this Section 4.9. 
 (c) To the extent ROFO Offer Notices are delivered and
are accepted or deemed accepted by the ROFO Seller, the closing for the Transfer of the ROFO Shares shall be consummated at 9:00 a.m. Oklahoma City time on the date 30 days following the ROFO Offer Deadline, at the Company’s principal executive
offices, or at such other time, date and place as mutually agreed by the ROFO Seller and the ROFO Parties. At the closing, the purchase price shall be paid in the form of a cashier’s check or by wire transfer in same day funds, and the ROFO
Seller shall deliver stock certificates representing the ROFO Shares so purchased, accompanied by duly executed stock powers, free and clear of all liens, encumbrances and adverse claims (other than encumbrances as set forth in this Agreement), and
such other instruments or documents as are deemed necessary by the Company for the proper Transfer of the ROFO Shares so transferred on the books of the Company. The Company, the ROFO Seller, and the ROFO Parties shall cooperate in good faith in
obtaining all necessary governmental and third-party consents, approvals or waivers required for the closing. The closing may be delayed, to the extent required, until the next succeeding day following the expiration of any required waiting periods
under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the obtaining of any necessary government approvals; provided, that such delay shall not exceed 45 days, and if governmental approvals and waiting periods shall not have been
obtained or expired, as the case may be, by such 45th day, then the relevant ROFO Offer Notice shall be deemed to have been rejected and neither the ROFO Seller nor the ROFO Parties shall have any further obligation with respect to such ROFO Offer
Notice. 
  

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 ARTICLE 5 
 REGISTRATION RIGHTS; 
 PIGGYBACK REGISTRATION 
 5.1 Demand Registration Rights. 
 (a)
At any time after a Qualified IPO (the “Demand Period”), Fischer may on up to four occasions, and Altoma and Chesapeake may on up to two occasions each, make a written request of the Company (a “Demand Request”) for
registration under the Securities Act (a “Demand Registration”) of Registrable Securities held by the Fischer Parties, the Altoma Parties or Chesapeake, provided that such Registrable Securities shall have proposed offering proceeds
for such offering that equals or exceeds US $20 million (or US $10 million in the event the Company is able to register such Registrable Securities on Form S-3). 
 (b) In addition to the Demand Requests pursuant to Section 5.1(a), either Altoma or Chesapeake may make one Demand Request for a Demand
Registration at any time after May 15, 2011 in the event a registration statement for a Qualified IPO has not been filed or a Qualified IPO has not been consummated prior to such date, provided that such Registrable Securities shall have
proposed offering proceeds for such offering that equals or exceeds US $20 million. However, the respective rights of Altoma or Chesapeake set forth in this Section 5.1(b) shall terminate and be of no further force and effect if the
Board of Directors of the Company recommends a transaction that would result in a Qualified IPO occurring prior to August 15, 2011, and such party votes against the proposed transaction. 
 (c) The Company may defer the filing (but not the preparation) of a registration statement required by this Section until a date not later than 60 days
after the Required Filing Date (as defined below) if (i) at the time the Company receives the Demand Request, the Company or its Subsidiaries are engaged in confidential negotiations, other confidential business activities or is otherwise in
possession of material non-public information, disclosure of which would be required in such registration statement (but would not be required if such registration statement were not filed), and the Board of Directors of the Company determines in
good faith that such disclosure would be materially detrimental to the Company and its stockholders, (ii) an investment banking firm advises the Company that effecting such registration would materially and adversely affect an offering of
securities of the Company, or (iii) prior to receiving the Demand Request, the Board of Directors had determined to effect a registered underwritten public offering of the Company’s equity securities for the Company’s account and the
Company had taken substantial steps (including, but not limited to, selecting (subject to the terms of this Agreement) and entering into a letter of intent with the managing Underwriter for such offering) and is proceeding with reasonable diligence
to effect such offering. A deferral of the filing of a registration statement pursuant to this Section 5.1(c) shall be lifted, and the requested registration statement shall be filed forthwith, if: in the case of a deferral pursuant to
clause (i) of the preceding sentence, the negotiations or other activities are disclosed or terminated; in the case of a deferral pursuant to clause (ii) of the preceding sentence, such investment banking firm advises the Company that
effecting such registration would no longer materially and adversely affect an offering of securities of the Company; or, in the case of a deferral pursuant to clause (iii) of the preceding sentence, the proposed registration for the
Company’s account is abandoned. In order 
  

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 to defer the filing of a registration statement pursuant to this subsection (b), the Company shall promptly, upon
determining to seek such deferral, deliver to a requesting holder a certificate signed by the President or CEO of the Company stating that the Company is deferring such filing pursuant to this Section 5.1(c) and the basis therefor in
reasonable detail. Within twenty (20) days after receiving such certificate, the requesting holder for which registration was previously requested may withdraw such request by giving notice to the Company; if withdrawn, the Demand Request shall
be deemed not to have been made for all purposes of this Agreement. Notwithstanding the foregoing, the Company may not defer the filing of a registration statement pursuant to this Section 5.1(b) more than twice every 12 months.

 (d) Each Demand Request shall specify the number of shares of Registrable Securities proposed to be sold. Subject to subsection (c)
of this Section 5.1, the Company shall use its commercially reasonable efforts to file the Demand Registration within 60 days after receiving a Demand Request (the “Required Filing Date”) and shall use all commercially
reasonable efforts to cause the same to be declared effective by the SEC as promptly as practicable after such filing, provided that the Company need effect only one Demand Registration at any time in accordance with this Section. The Company shall
pay all of its fees, costs and expenses, other than underwriting discounts and commissions, related to any such Demand Registration; provided, however, if the Demand Registration is subsequently withdrawn by the Party or Parties initiating the
Demand Registration, the Party or Parties may decide either (i) to pay pro rata any expenses of such registration and retain their rights to such Demand Registration or (ii) to elect to have the Company bear such expenses (in which event
such Demand Registration shall count as one of such Party’s demands for Demand Registration). 
 (e) Notwithstanding anything to the
contrary contained in this Agreement, the Company shall not be required to register any Person’s Registrable Securities pursuant to a Demand Registration unless such Person accepts the terms of the underwriting agreement between the Company and
the Underwriter. 
 5.2 Notice; Piggyback Registration. Subject to the provisions of this Agreement, if the Company proposes to file a
registration statement under the Securities Act with respect to an offering of any equity securities by the Company for its own account or for the account of any of its equity holders, including a registration statement filed pursuant to
Section 5.1, (other than a registration statement on Form S-4 or Form S-8 (or such corresponding forms adopted by the SEC for use by foreign issuers), or any substitute form that may be adopted by the SEC, or any registration statement
filed in connection with an exchange offer or offering of securities solely to the Company’s existing security holders), then the Company shall give written notice of such proposed filing to the Parties as soon as practicable (but in no event
less than 30 days before the anticipated effective date of such registration statement), and such notice shall offer each such Party and its Permitted Transferees the opportunity to register the Applicable Percentage of the Registrable Securities
held by each such Party and its Permitted Transferees (a “Piggyback Registration”). Subject to the limitations in Sections 5.3, 5.4, 5.5, 5.6 and 5.9 hereof, the Company shall include in each
such Piggyback Registration all Registrable Securities requested to be included in the registration for such offering. Each such holder of Registrable Securities shall be permitted to withdraw all or part of such holder’s Registrable Securities
from a Piggyback Registration at any time prior to the effective date thereof. 
  

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 5.3 Obligations of the Company. Whenever required under this Section 5 to effect the
registration of any Registrable Securities, the Company shall, as expeditiously as reasonably possible: 
 (a) Prepare and file with the SEC a
registration statement with respect to such Registrable Securities and use its commercially reasonable efforts to cause such registration statement to be declared effective, and keep such registration statement effective for up to 120 days;
provided, however, that if Holders of Registrable Securities holding shares having an aggregate value in excess of $10 million request that such registration statement be filed on Form S-3 under Rule 415 on a continuous basis and such filing is
permitted under applicable SEC rules, the Company shall keep such registration statement effective until all such Registrable Securities are sold thereunder and/or cease to be Registrable Securities, or for two years if earlier, provided that the
aggregate value of shares registered under such registration statement also exceeds $10 million. 
 (b) Prepare and file with the SEC such
amendments and supplements to such registration statement and the prospectus used in connection with such registration statement as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of all
securities covered by such registration statement for up to 120 days, or such longer period in connection with a Rule 415 offering described in Section 5.3(a) above. 
 (c) Furnish to the Parties such numbers of copies of a prospectus, including a preliminary prospectus, in conformity with the requirements of the
Securities Act, and such other documents as they may reasonably request in order to facilitate the disposition of Registrable Securities owned by them. 
 (d) Use its reasonable efforts to register and qualify the securities covered by such registration statement under such other securities or “blue sky” laws of such jurisdictions in the United States as shall
be reasonably requested by the Parties, provided that the Company shall not be required in connection therewith or as a condition thereto to qualify to do business or to file a general consent to service of process in any such states or
jurisdictions. 
 (e) In the event of any underwritten public offering, enter into and perform its obligations under an underwriting
agreement, in usual and customary form, with the managing underwriter of such offering. 
 (f) Notify each Party covered by such registration
statement at any time when a prospectus relating thereto is required to be delivered under the Securities Act of the happening of any event as a result of which the prospectus included in such registration statement, as then in effect, includes an
untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing, such obligation to continue for 120 days,
or such longer period in connection with a Rule 415 offering described in Section 5.3(a) above. 
 (g) Use its reasonable efforts
to cause all such Registrable Securities registered pursuant hereunder to be listed on each securities exchange on which the same securities issued by the Company are then listed. 
  

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 (h) Provide a transfer agent and registrar for all Registrable Securities registered pursuant hereto and
a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration. 
 (i) Use its
reasonable efforts to furnish, at the request of any Party requesting registration of Registrable Securities pursuant to this Article 5, on the date that such Registrable Securities are delivered to the underwriters for sale in
connection with a registration pursuant to this Article 5, if such securities are being sold through underwriters, or, if such securities are not being sold through underwriters, on the date that the registration statement with respect
to such securities becomes effective, (i) an opinion, dated such date, of the counsel representing the Company for the purposes of such registration, in form and substance as is customarily given to underwriters in an underwritten public
offering, addressed to the underwriters, if any, and to the Party or Parties requesting registration of Registrable Securities and (ii) a letter dated such date, from the independent certified public accountants of the Company, in form and
substance as is customarily given by independent certified public accountants to underwriters in an underwritten public offering, addressed to the underwriters, if any, and to the Parties requesting registration of Registrable Securities.

 5.4 Indemnification. In the event any Registrable Securities are included in a registration statement under this
Section 5: 
 (a) To the extent permitted by law, the Company will indemnify and hold harmless each Party, each of its officers,
directors, partners, legal counsel, accountants, and any underwriter (as defined in the Securities Act) for such Party and each person, if any, who controls such Party or underwriter within the meaning of the Securities Act or the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), against any losses, claims, damages, or liabilities (joint or several) to which they may become subject under the Securities Act, the Exchange Act or other federal or state law,
insofar as such losses, claims, damages, or liabilities (or actions in respect thereof) arise out of or are based upon any of the following statements, omissions or violations (collectively a “Violation”): (i) any untrue
statement or alleged untrue statement of a material fact contained in such registration statement, including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto, (ii) the omission or alleged
omission to state therein a material fact required to be stated therein, or necessary to make the statements therein not misleading, or (iii) any violation or alleged violation by the Company of the Securities Act, the Exchange Act, any state
securities law or any rule or regulation promulgated under the Securities Act, the Exchange Act or any state securities law; and the Company will pay to each such Party, each of its officers, directors, partners, legal counsel, accountants, and any
underwriter or controlling person, as incurred, any legal or other expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, damage, liability, or action; provided, however, that the indemnity
agreement contained in this Section 5.4(a) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability, or action if such settlement is effected without the consent of the Company (which consent shall not be
unreasonably withheld), nor shall the Company be liable to any Party, each of its officers, directors, partners, legal counsel, accountants, and any underwriter or controlling person for any such loss, claim, damage, liability, or action to the
extent that it arises out of or is based upon a Violation which occurs in reliance upon and in conformity with written information furnished expressly for use in connection with such registration by any such Party, underwriter or controlling person.

  

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 (b) To the extent permitted by law, each selling Party will indemnify and hold harmless the Company, each
of its directors, each of its officers who has signed the registration statement, each person, if any, who controls the Company within the meaning of the Securities Act, legal counsel for the Company, accountants for the Company, any underwriter,
any other Party selling securities in such registration statement and any controlling person of any such underwriter or other Party, against any losses, claims, damages, or liabilities (joint or several) to which any of the foregoing persons may
become subject, under the Securities Act, the Exchange Act or other federal or state law, insofar as such losses, claims, damages, or liabilities (or actions in respect thereto) arise out of or are based upon any Violation, in each case to the
extent (and only to the extent) that such Violation occurs in reliance upon and in conformity with written information furnished by such Party expressly for use in connection with such registration; and each such Party will pay, as incurred, any
legal or other expenses reasonably incurred by any person intended to be indemnified pursuant to this Section 5.4(b), in connection with investigating or defending any such loss, claim, damage, liability, or action; provided,
however, that the indemnity agreement contained in this Section 5.4(b) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the
Party, which consent shall not be unreasonably withheld; provided, that in no event shall any indemnity under this Section 5.4(b) exceed the net proceeds from the offering received by such Party, except in the case of willful
fraud by such Party. 
 (c) Promptly after receipt by an indemnified party under this Section 5.4 of notice of the commencement
of any action (including any governmental action), such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section 5.4, deliver to the indemnifying party a written notice of the
commencement thereof and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume the defense thereof with counsel
mutually satisfactory to the parties; provided, however, that an indemnified party (together with all other indemnified parties which may be represented without conflict by one counsel) shall have the right to retain one separate counsel,
with the reasonable fees and expenses to be paid by the indemnifying party, if representation of such indemnified party by the counsel retained by the indemnifying party would be inappropriate due to actual or potential differing interests between
such indemnified party and any other party represented by such counsel in such proceeding. The failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action, if prejudicial to its ability
to defend such action, shall relieve such indemnifying party of any liability to the indemnified party under this Section 5.4, but the omission so to deliver written notice to the indemnifying party will not relieve it of any liability
that it may have to any indemnified party otherwise than under this Section 5.4. 
 (d) If the indemnification provided for in
Section 5.4 is held by a court of competent jurisdiction to be unavailable to an indemnified party with respect to any loss, liability, claim, damage or expense referred to therein, then the indemnifying party, in lieu of indemnifying
such indemnified party hereunder, shall contribute to the amount paid or payable by such indemnified party as a result of such loss, liability, claim, damage, or expense in such 
  

 26 

 proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand and of the
indemnified party on the other in connection with the statements or omissions that resulted in such loss, liability, claim, damage or expense as well as any other relevant equitable considerations; provided, that in no event shall any
contribution by a Party under this Section 5.4(d) exceed the net proceeds from the offering received by such Party, except in the case of willful fraud by such Party. The relative fault of the indemnifying party and of the indemnified
party shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified
party and the parties’ relative intent, knowledge, access to information, and opportunity to correct or prevent such statement or omission. 
 (e) Notwithstanding the foregoing, to the extent that the provisions on indemnification and contribution contained in the underwriting agreement entered into in connection with the underwritten public offering are in conflict with the
foregoing provisions, the provisions in the underwriting agreement shall control with respect to the Company and the Parties. 
 (f) The
obligations of the Company and Parties under Section 5.4 shall survive the completion of any offering of Registrable Securities in a registration statement under this Article 5, and otherwise. 
 5.5 Reports Under Securities Exchange Act of 1934. With a view to making available to the Parties the benefits of Rule 144 promulgated under the
Securities Act and any other rule or regulation of the SEC that may at any time permit a Party to sell securities of the Company to the public without registration or pursuant to a registration on Form S-3, the Company agrees to: 
 (a) make and keep public information available, as those terms are understood and defined in SEC Rule 144, at all times after 90 days after the effective
date of the first registration statement filed by the Company for the offering of its securities to the general public so long as the Company remains subject to the periodic reporting requirements under Sections 13 or 15(d) of the Exchange Act;

 (b) take such action, including the voluntary registration of its Common Stock under Section 12 of the Exchange Act, as is necessary
to enable the Parties, if requested pursuant to a Demand Registration, to utilize Form S-3 for the sale of their Registrable Securities, such action to be taken as soon as practicable after the end of the fiscal year in which the first registration
statement filed by the Company for the offering of its securities to the general public is declared effective; 
 (c) file with the SEC in a
timely manner all reports and other documents required of the Company under the Securities Act and the Exchange Act; and 
 (d) furnish to
any Party, so long as the Party owns any Registrable Securities, forthwith upon request (i) a written statement by the Company that it has complied with the reporting requirements of SEC Rule 144 (at any time after 90 days after the effective
date of the first registration statement filed by the Company), the Securities Act and the Exchange Act (at 
  

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 any time after it has become subject to such reporting requirements), or that it qualifies as a registrant whose
securities may be resold pursuant to Form S-3 (at any time after it so qualifies), (ii) a copy of the most recent annual or quarterly report of the Company and such other reports and documents so filed by the Company, and (iii) such other
information as may be reasonably requested in availing any Party of any rule or regulation of the SEC which permits the selling of any such securities without registration or pursuant to such form. 
 5.6 No Assignment of Demand Rights. The rights to cause the Company to register Registrable Securities pursuant to Section 5.1 may not
be assigned to third parties except to a Permitted Transferee either (i) controlled by Fischer, Altoma or Chesapeake or (ii) controlling in excess of 40% of the outstanding voting securities of Fischer as of the date of this Agreement.

 5.7 Limitations on Subsequent Registration Rights. From and after the date of this Agreement, the Company shall not enter into any
agreement with any holder or prospective holder of any securities of the Company which would grant such holder or prospective holder registration rights that are more favorable than the registration rights of the Parties. 
 5.8 Selection of Underwriters. The Board of Directors shall have the right to designate, in their sole and absolute discretion, the book-running
managing Underwriter(s) (the “Managing Underwriter(s)”) with respect to any Piggyback Registration or Demand Registration, or with respect to any other underwritten public offering of Registrable Securities or other securities of
the Company and shall select such additional Underwriters to be used in connection with the offering, if any. The Board of Directors shall also have the right to select one or more co-managers for each such offering if the Board of Directors, in
their sole discretion, shall determine that any be necessary, and the underwriting fees related to any such offering shall be allocated among any such co-managers in such proportions as the Board of Directors shall determine. In the event of any
such offering, the Managing Underwriter(s), the Company and any Selling Stockholders will enter into an agreement appropriate to the circumstances, containing provisions for, among other things, compensation, indemnification, contribution, and
representations and warranties, which are usual and customary for similar agreements entered into by the Managing Underwriter(s) or other investment bankers of national standing acting in similar transactions. 
 5.9 Underwriters’ Cut-Backs. The Company shall use all commercially reasonable efforts to cause the Managing Underwriter or any other
managing Underwriter of a proposed underwritten offering (including an offering pursuant to a Demand Registration), as the case may be, to permit the Registrable Securities requested to be included in the registration statement for such offering
under Section 5.2 or pursuant to other piggyback registration rights, if any, granted by the Company (“Piggyback Securities”) to be included on the same terms and conditions as any similar securities included therein.
Notwithstanding the foregoing, the Company shall not be required to include any Party’s Piggyback Securities in such offering unless such Party accepts the terms of the underwriting agreement between the Company and the Managing Underwriter (or
other managing Underwriter) or Underwriters, and otherwise complies with the provisions of Section 5.10 below. If the managing Underwriter or Underwriters of a proposed underwritten offering advise the Company in writing that in its or
their opinion the total amount of securities, including Piggyback Securities, to be included in such offering is sufficiently large to potentially impede or interfere with the offering, then in such event the securities to be included in such

  

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 offering shall be allocated first to the Company and then, to the extent that any additional securities can, in the
opinion of such managing Underwriter or Underwriters, be sold without any such potential to impede or interfere with the offering, pro rata among the holders of Registrable Securities on the basis of the number of Registrable Securities requested to
be included in such registration by each such holder. 
 5.10 Participation. No Party may participate in any underwritten registration
under this Article 5 unless such Party (i) agrees to sell such Party’s Registrable Securities on the basis provided in any underwriting arrangements approved by the Person entitled hereunder to approve such arrangements,
(ii) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements and this Agreement and (iii) if requested by
another Person participating in such underwritten registration, agrees that all securities convertible or exchangeable into shares of Common Stock that are included in such underwritten registration shall be so converted or exchanged on or prior to
the consummation thereof. 
 5.11 Termination or Postponement by the Company. Notwithstanding anything herein to the contrary except
in the case of a Demand Registration, at any time prior to the effectiveness of any registration statement filed pursuant hereto, the Company shall have the right, in its sole and absolute discretion, not to proceed with the registration of any
securities pursuant to such registration statement and, in the event that the Company exercises such right, no holder of Registrable Securities shall have any right to require the Company to register any such Registrable Securities except in
accordance with the express provisions of this Agreement. In the case of a registration statement filed pursuant Section 5.1, at any time after the filing of such registration statement but prior to the effectiveness thereof, the Company
shall have the right to postpone requesting that the SEC declare such registration statement effective: 
 (a) for the Contractual Lock-up
Period relating to any underwritten public offering of Company securities or any private placement of Company securities made pursuant to Rule 144A; and 
 (b) for a period of up to 90 days if the Company is engaged in confidential negotiations, other confidential business activities or is otherwise in possession of material non-public information, disclosure of which
would be required in such registration statement (but would not be required if such registration were not filed), and the Board of Directors of the Company determines in good faith that such disclosure would be materially detrimental to the Company
and its stockholders; 
 provided, however, that the Company may not postpone requesting the effectiveness of a registration statement filed pursuant
to Section 5.1 pursuant to this Section 5.11 more than twice every 12 months. The Company may only terminate a Demand Registration and withdraw a registration statement filed pursuant to Section 5.1 with the
consent of the Party submitting the Demand Request relating thereto or upon receipt of a request for such withdrawal from the SEC. 
 5.12
Lock-Up Letters. Each holder of Registrable Securities (whether or not such Registrable Securities are included in a registration statement pursuant hereto) agrees to execute a written agreement not to effect any public sale or distribution
of the issue being registered or of 
  

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 any securities convertible into or exchangeable or exercisable for such securities, including a sale pursuant to Rule 144
under the Securities Act, during the 14 days prior to, and during the 180-day period (or shorter period permitted by the Managing Underwriter, if applicable) beginning on, the effective date of a registration statement filed pursuant hereto except
as part of such registration if and to the extent requested by the Company, in the case of a non-underwritten public offering, or if and to the extent requested by the Managing Underwriter or managing Underwriter or Underwriters, as the case may be,
in the case of an underwritten public offering. 
 ARTICLE 6 
 REGISTRATION PROCEDURES 
 6.1 Procedures. 
 (a) The Company may require each Selling Holder to promptly furnish in writing to the Company such information regarding the distribution of the
Registrable Securities as it may from time to time reasonably request and such other information as may be legally required in connection with any registration. Notwithstanding anything herein to the contrary, the Company shall have the right to
exclude from any offering the Registrable Securities of any Selling Holder who does not comply with the provisions of the immediately preceding sentence. 
 (b) Each Selling Holder agrees that, upon receipt of any notice from the Company of the happening of any event that makes any statement made in a registration statement or related prospectus or any document
incorporated or deemed to be incorporated therein by reference untrue in any material respect, or that requires the making of any changes in such registration statement, prospectus or documents so that, in the case of the registration statement, it
will not contain any 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 not misleading, and that in the case of the prospectus, it will not contain any
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 light of the circumstances under which they were made, not misleading, (i) such Selling Holder
will forthwith discontinue disposition of Registrable Securities pursuant to the registration statement covering such Registrable Securities until such Selling Holder’s receipt of the copies of a supplemented or amended prospectus contemplated
by the description in this sentence and (ii) if so directed by the Company, such Selling Holder will deliver to the Company all copies, other than permanent file copies, then in such Selling Holder’s possession, of the most recent
prospectus covering such Registrable Securities at the time of receipt of such notice. In the event the Company shall give such notice, the Company shall extend the period during which such registration statement shall be maintained effective by the
number of days during the period from and including the date of the giving of notice pursuant to this sentence to the date when the Company shall make available to the Selling Holders of Registrable Securities covered by such registration statement
a prospectus supplemented or amended to conform with the requirements of this sentence. 
 6.2 Registration Expenses. In connection
with any registration statement required to be filed hereunder, the Company shall pay the following registration expenses (the “Registration Expenses”): (i) all registration and filing fees (including, without limitation, with
respect to 
  

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 filings to be made with the National Association of Securities Dealers, Inc.), (ii) fees and expenses of compliance
with securities or blue sky laws (including reasonable fees and disbursements of counsel in connection with blue sky qualifications of the Registrable Securities), (iii) printing expenses, (iv) internal expenses of the Company (including,
without limitation, all salaries and expenses of its officers and employees performing legal or accounting duties), (v) the fees and expenses incurred in connection with the listing on a securities exchange or inter-dealer or similar quotation
system of the Registrable Securities if the Company shall choose to list such Registrable Securities, (vi) fees and disbursements of counsel for the Company and customary fees and expenses for independent certified public accountants retained
by the Company, (vii) the reasonable fees and expenses of one counsel for the Selling Holders (collectively), (viii) the fees and expenses of any special experts retained by the Company in connection with such registration, and
(ix) fees and expenses of any “qualified independent underwriter” or other independent appraiser participating in an offering pursuant to Rule 2720(c) of the National Association of Securities Dealers, Inc. The Company shall not have
any obligation to pay any underwriting fees, discounts, or commissions attributable to the sale of Registrable Securities or, except as provided by clause (ii) or (vii) above, any out-of-pocket expenses of the Selling Holders (or the
agents who manage their accounts). 
 6.3 Suspension Periods. In the event the Company has filed a registration statement that has
been declared effective by the SEC (including a registration statement on Form S-3 under Rule 415 that provides for periodic resales by a Selling Holder), the Company may provide notice to the Parties hereto that the Company has elected to require
the suspension of the sale by the Parties of Registrable Securities (including securities registered under any such effective registration statement) (a “Suspension Period”): 
 (a) for the Contractual Lock-up Period relating to any underwritten public offering of Company securities or any private placement of Company securities
made pursuant to Rule 144A; and 
 (b) for a period of up to 90 days if the Company is engaged in confidential negotiations, other
confidential business activities or is otherwise in possession of material non-public information, disclosure of which would be required in such registration statement (but would not be required if such registration were not filed), and the Board of
Directors of the Company determines in good faith that such disclosure would be materially detrimental to the Company and its stockholders; 
 provided, however, that the Company may not cause a Suspension Period to occur more than twice every 12 months. 
 ARTICLE 7 
 TERMINATION 
 7.1 Termination. This Agreement shall terminate upon the earlier of (i) the dissolution, liquidation or winding-up of the Company or (ii) December 31, 2020. A Person who ceases to hold any shares
of Common Stock or Common Stock Equivalents and who ceases to beneficially own any shares of Common Stock or Common Stock Equivalents shall cease to be a Party and shall have no further rights or obligations under this Agreement. 
  

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 ARTICLE 8 
 MISCELLANEOUS 
 8.1 Amendment. Any provision of this Agreement may be altered, supplemented,
amended or waived only by the written consent of each of (i) the Company (ii) Fischer, (iii) Altoma, (iv) Chesapeake and (v) to the extent there are other Parties to this Agreement as of such date, a majority of the
outstanding shares of Common Stock owned by all Holders, except that (x) any Party may unilaterally waive any of its rights hereunder so long as such waiver is in writing and (y) any provision of this Agreement may be altered,
supplemented, amended or waived without the consent of any Other Party unless such alteration, supplementation or amendment materially and adversely affects the rights set forth herein of such Other Party differently from the manner in which such
alteration, supplementation or amendment affects the rights hereunder of the remaining Parties. 
 8.2 Specific Performance. The
Parties and the Company recognize that the obligations imposed on them in this Agreement are special, unique, and of extraordinary character, and that in the event of breach by any party, damages will be an insufficient remedy; consequently, it is
agreed that the Parties and the Company may have specific performance and injunctive relief (in addition to damages) as a remedy for the enforcement hereof, without proving damages. 
 8.3 Assignment. Except as otherwise expressly provided herein, the terms and conditions of this Agreement shall inure to the benefit of and be
binding upon the respective successors and assigns of the Parties and the Company. No such assignment shall relieve the assignor from any liability hereunder. Any purported assignment made in violation of this Section 8.3 shall be void
and of no force and effect. 
 8.4 Stock Subject to this Agreement. All shares of Common Stock and Common Stock Equivalents now owned
or hereafter acquired by any of the Parties shall be subject to, and entitled to the benefits of, the terms of this Agreement. The Company shall cause any transferee or recipient of an original issuance of any shares of Common Stock or Common Stock
Equivalents, other than such transferee or recipient in a Qualified IPO or any other public offering, to become a Party and be bound as if an original Party hereto and to execute an Adoption Agreement substantially in the form attached hereto as
Exhibit B. 
 8.5 Legends. 
 (a) Each certificate for shares of Common Stock and Common Stock Equivalents held by any Person a party hereto shall bear (i) a legend to the effect that such shares have not been registered under the Securities
Act or any state securities laws and (ii) a legend in substantially the following form: 
 THIS SECURITY IS SUBJECT TO CERTAIN VOTING
AGREEMENTS, RESTRICTIONS ON TRANSFER, AND OTHER TERMS AND CONDITIONS SET FORTH IN THE 
  

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 STOCKHOLDERS’ AGREEMENT, DATED AS OF SEPTEMBER 29, 2006, AS THE SAME MAY BE AMENDED FROM TIME TO
TIME, A COPY OF WHICH MAY BE OBTAINED FROM THE COMPANY AT ITS PRINCIPAL EXECUTIVE OFFICES. 
 (b) The restrictions on transfer of shares of
Common Stock set forth in such legends (each, a “Restriction”) shall cease and terminate as to any particular share of Common Stock when, in the opinion of counsel to a Holder, which opinion and counsel are reasonably satisfactory
to the Company and which opinion shall be delivered to the Company in writing, either or both of such Restrictions are no longer required. Whenever any such Restriction shall cease and terminate as to any share of Common Stock, the holder thereof
shall be entitled to receive from the Company, without expense to such older, new certificate(s) not bearing a legend or legends, as the case may be, stating such Restriction(s). 
 8.6 Notices. Any and all notices, designations, consents, offers, acceptances or other communications provided for herein (each a
“Notice”) shall be given in writing by (i) reputable overnight courier, (ii) registered letter or (iii) telecopy with receipt confirmed, which shall be addressed or sent to the respective addresses as follows (or such
other address as the Company or any Party may specify to the Company and all other Parties by Notice): 
 The Company: 
 Chaparral Energy, Inc. 
 701 Cedar Lake
Boulevard 
 Oklahoma City, Oklahoma 73114 
 Attn: Mark A. Fischer 
 Phone: (405) 478-8770 
 Fax: (405) 478-2906 
 with a copy (which
will not constitute notice for purposes of this Agreement) to: 
 Andrews Kurth LLP 
 600 Travis, Suite 4200 
 Houston, Texas 77002

 Attention: David C. Buck 
 Phone: (713) 220-4200 
 Fax: (713) 220-4285 
  

 33 

 Altoma: 
 Altoma Energy 
 701 Cedar Lake Boulevard 
 Oklahoma City, Oklahoma 73114 
 Attn: Charles
A. Fischer, Jr. 
 Phone: (405) 478-8770 
 Fax: (405) 478-2906 
 with a copy (which will not constitute notice for purposes of this Agreement) to:

 Mock, Schwabe, Waldo, Elder, Reeves & Bryant LLC 
 Two Leadership Square, 14th Floor 
 211 North Robinson 
 Oklahoma City,
Oklahoma 73102 
 Attn: Randall Mock 
 Phone: 405-235-5588 
 Fax: 405-235-0333 
 Fischer 
 Fischer Investments, L.L.C. 
 701 Cedar Lake Boulevard 
 Oklahoma City,
Oklahoma 73114 
 Attn: Mark A. Fischer 
 Phone: (405) 478-8770 
 Fax: (405) 478-2906 
 with a copy (which will not constitute notice for purposes of this Agreement) to: 
 Mock, Schwabe, Waldo,
Elder, Reeves & Bryant LLC 
 Two Leadership Square, 14th Floor 
 211 North Robinson 
 Oklahoma City, Oklahoma 73102 
 Attn:
Randall Mock 
 Phone: 405-235-5588 
 Fax: 405-235-0333 
 Chesapeake: 
 Chesapeake Energy Corporation 
 6100 North Western Avenue 
 Oklahoma City, OK 73118 
 Attention:
Mr. Douglas J. Jacobson 
 Phone: (405)
 Facsimile: (405) 879-9546 
  

 34 

 with a copy (which will not constitute notice for purposes of this Agreement) to: 
 Commercial Law Group, P.C. 
 2725 Oklahoma
Tower 
 Oklahoma City, Oklahoma 73102-5643 
 Attention: Mr. Ray Lees 
 Phone: (405) 298-5700 
 Facsimile: (405) 232-5533 
 All Other
Stockholders 
 At the address set forth immediately below their respective signatures on the signature pages hereto or to any adoption
agreement. 
 All Notices shall be deemed effective and received (i) if given by telecopy, when such telecopy is transmitted to the telecopy number
specified above and receipt thereof is confirmed; (ii) if given by overnight courier, on the business day immediately following the day on which such Notice is delivered to a reputable overnight courier service; or (iii) if given in person
or by registered letter, when such Notice is delivered at the address specified above. No Party shall be entitled to receive a Notice hereunder (or a copy of a Notice delivered to the Company) if, at the time such Notice is to be sent, such Party
(including its Affiliates and the employees of such Party and its Affiliates) no longer owns any shares of Common Stock. 
 8.7
Confidentiality. The Parties shall, and shall cause their respective officers, directors, employees and agents and the respective subsidiaries and Affiliates of the Parties and their respective officers, directors, employees and agents to,
hold confidential and not use in any manner detrimental to the Company or any of its Subsidiaries all information they may have or obtain concerning the Company or any of its Subsidiaries and their respective assets, business, operations or
prospects (“Confidential Information”); provided, however, that the foregoing shall not apply to (i) information that is or becomes generally available to the public other than as a result of a disclosure by a Party or
any of its employees, agents, accountants, legal counsel or other representatives, (ii) information that is or becomes available to a Party or any of its employees, agents, accountants, legal counsel or other representatives on a
nonconfidential basis prior to its disclosure by the Company or its employees, agents, accountants, legal counsel or other representatives, and (iii) information that is required to be disclosed by a Party or any of its employees, agents,
accountants, legal counsel or other representatives as a result of any applicable law, rule or regulation of any governmental authority or stock exchange. If any Party desires to sell shares of Common Stock and in connection with such potential sale
desires to disclose information regarding the Company to the potential purchaser in such sale which it is not permitted to disclose pursuant to the preceding sentence, such Party shall notify the Company of such Party’s desire to disclose such
information and shall identify the potential purchaser in such notification. The Company may require any such potential purchaser of shares of Common Stock to enter into a confidentiality agreement with respect to Confidential Information on
customary terms used in confidentiality agreements in connection with corporate acquisitions. 
  

 35 

 8.8 Counterparts. This Agreement may be executed in two or more counterparts and each counterpart
shall be deemed to be an original and all such counterparts together shall constitute one and the same agreement of the parties hereto. 
 8.9 Section Headings. Headings contained in this Agreement are inserted only as a matter of convenience and in no way define, limit or extend the scope or intent of this Agreement or any provisions hereof 
 8.10 Choice of Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Oklahoma, without regard to
choice of law rules, except to the extent, if any, that mandatory choice of law rules in effect in the State of Oklahoma require that any provision hereof be governed by and construed in accordance with the laws of the State of Delaware regarding
matters otherwise governed by the General Corporation Law of the State of Delaware. 
 8.11 Entire Agreement. This Agreement contains
the entire understanding of the parties hereto respecting the subject matter hereof and supersedes all prior agreements, discussions and understandings with respect thereto. 
 8.12 Cumulative Rights. The rights of the Parties and the Company under this Agreement are cumulative and in addition to all similar and other
rights of the parties under other agreements. 
 8.13 Severability. If any term, provision, covenant, or restriction of this Agreement
is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired
or invalidated. 
 8.14 Submission to Jurisdiction. 
 (a) Any legal action or proceeding with respect to this Agreement, the shares of Common Stock or any document related thereto shall be brought solely in the courts of the State of Oklahoma or of the United States of
America for the Western District of Oklahoma, and, by execution and delivery of this Agreement, the Company and each Party hereby accepts for itself and in respect of its property, generally and unconditionally, the jurisdiction of the aforesaid
courts. The parties hereto hereby irrevocably waive any objection, including, without limitation, any objection to the laying of venue or based on the grounds of forum non conveniens, which any of them may now or hereafter have to the
bringing of any such action or proceeding in such respective jurisdictions. 
 (b) The Company and each Party irrevocably consent to the
service of process of any of the aforesaid courts in any such action or proceeding by the mailing of copies thereof by registered or certified mail, postage prepaid, to the Company or such Party, respectively, at its address provided herein.

 (c) Nothing contained in this Section 8.14 shall affect the right of any party hereto to serve process in any other manner
permitted by law. 
  

 36 

 8.15 Waiver of Jury Trial. Each of the Parties hereto waives any right it may have to trial by
jury in respect of any litigation based on, or arising out of, under or in connection with this Agreement, any shares of Common Stock, Common Stock Equivalents or any course of conduct, course of dealing, verbal or written statement or action of any
Party hereto. 
 SIGNATURES CONTAINED ON SUCCEEDING PAGES 
  

 37 

 IN WITNESS WHEREOF, the Parties hereto have executed this Stockholders’ Agreement as of the date
first above written, and shall become effective as of (and subject to the occurrence of) the Effective Date. 
  

			
	Chaparral Energy, Inc.
		
	By:	 	 /s/    Mark A. Fischer

	Name:	 	Mark A. Fischer
	Title:	 	Chief Executive Officer and President
	
	Fischer Investments, L.L.C.
		
	By:	 	 /s/    Mark A. Fischer

	Name:	 	Mark A. Fischer
	Title:	 	Manager
	
	Altoma Energy
		
	By:	 	 /s/    Charles A. Fischer, Jr.

	Name:	 	Charles A. Fischer, Jr.
	Title:	 	Managing General Partner
	
	Chesapeake Energy Corporation
		
	By:	 	 /s/    Douglas J. Jacobson

	Name:	 	Douglas J. Jacobson
	Title:	 	Executive Vice PresidentExhibit 10.2

 Exhibit 10.2 
 SECOND AMENDED AND RESTATED CREDIT AGREEMENT 
 BY AND 
 BETWEEN 
 ANALEX CORPORATION,

 a Delaware corporation 
 as Borrower 
 AND 
 BANK OF AMERICA, N.A. 
 as Lender 
 November 13, 2006 

 TABLE OF CONTENTS 
  

			
	 1. DEFINITIONS; CONSTRUCTION.
	  	1
	 1.1 Certain Definitions
	  	1
	 1.2 Construction
	  	14
	 1.3 Accounting Principles
	  	14
		
	 2. THE FACILITIES.
	  	14
	 2.1 Revolving Credit Facility
	  	14
	 2.2 INTENTIONALLY DELETED
	  	16
	 2.3 Fees
	  	16
	 2.4 Making of Loans
	  	16
	 2.5 Interest Rates
	  	17
	 2.6 Optional Prepayments of Revolving Credit Facility Loans
	  	18
	 2.7 INTENTIONALLY DELETED
	  	18
	 2.8 Interest Payment Dates
	  	18
	 2.9 Payments Generally
	  	18
	 2.10 Additional Compensation in Certain Circumstances
	  	19
	 2.11 Taxes
	  	20
	 2.12 INTENTIONALLY OMITTED
	  	21
	 2.13 Letters of Credit
	  	21
	 2.14 Procedure for Issuance and Amendment of Letters of Credit
	  	21
	 2.15 Letter of Credit Drawings and Reimbursements
	  	22
	 2.16 Obligations Absolute
	  	22
	 2.17 Further Assurances
	  	23
	 2.18 Letter of Credit Applications
	  	23
		
	 3. REPRESENTATIONS AND WARRANTIES.
	  	24
	 3.1 Corporate Existence and Qualification
	  	24
	 3.2 Authority: Noncontravention
	  	24
	 3.3 Financial Position: Solvency
	  	24
	 3.4 Payment of Taxes
	  	25
	 3.5 Accuracy of Submitted Information; Omissions
	  	25
	 3.6 Government Contracts
	  	25
	 3.7 No Defaults or Liabilities
	  	25
	 3.8 No Violations of Law
	  	26
	 3.9 Litigation and Proceedings
	  	26
	 3.10 Fiscal Year
	  	26
	 3.11 Pension Plans
	  	26
	 3.12 O.S.H.A Environmental Compliance
	  	27
	 3.13 Intellectual Property
	  	27
	 3.14 Existing or Pending Defaults; Material Contracts
	  	28
	 3.15 Title to Property
	  	28
	 3.16 Office Locations: Leases
	  	28
	 3.17 Labor Relations
	  	28
	 3.18 Absence of Undisclosed Liabilities
	  	29
	 3.19 Subsidiaries
	  	29

			
	 3.20 Margin Regulations
	  	29
	 3.21 Survival of Representation and Warranties
	  	29
		
	 4. CONDITIONS OF LENDING.
	  	30
	 4.1 Conditions to Initial Loans
	  	30
	 4.2 Conditions to All Loans
	  	32
		
	 5. AFFIRMATIVE COVENANTS.
	  	33
	 5.1 Basic Reporting Requirements
	  	33
	 5.2 Payment of Loan Obligations
	  	36
	 5.3 Insurance
	  	36
	 5.4 Payment of Taxes and Other Potential Charges and Priority Claims
	  	36
	 5.5 Preservation of Corporate Status
	  	37
	 5.6 Governmental Approvals and Filings
	  	37
	 5.7 Maintenance of Properties
	  	37
	 5.8 Avoidance of Other Conflicts
	  	38
	 5.9 Financial Accounting Practices
	  	38
	 5.10 Use of Proceeds
	  	38
	 5.11 Additional Credit Parties
	  	38
	 5.12 Maintenance of Certain Accounts with Lender
	  	39
	 5.13 Government Contracts
	  	39
	 5.14 Interest Rate Swap
	  	39
	 5.15 Further Assurances; Additional Requested Information
	  	39
		
	 6. NEGATIVE COVENANTS
	  	40
	 6.1 Financial Covenants
	  	40
	 6.2 Change of Operations
	  	40
	 6.3 Liens
	  	40
	 6.4 Indebtedness and Guaranty Obligations
	  	41
	 6.5 Loans, Advances and Investments
	  	42
	 6.6 Dividends and Related Distributions
	  	43
	 6.7 Sale-Leasebacks
	  	43
	 6.8 Mergers, Acquisitions, etc
	  	43
	 6.9 Dispositions of Properties
	  	44
	 6.10 Dealings with Affiliates
	  	44
	 6.11 Limitation on Other Restrictions on Liens
	  	45
	 6.12 Limitation on Other Restrictions on Amendment of the Loan Documents
	  	45
		
	 7. DEFAULTS
	  	45
	 7.1 Events of Default
	  	45
	 7.2 Consequences of an Event of Default
	  	48
		
	 8. MISCELLANEOUS.
	  	49
	 8.1 Holidays
	  	49
	 8.2 Records
	  	49
	 8.3 Amendments and Waivers
	  	49
	 8.4 No Implied Waiver; Cumulative Remedi4es
	  	49

  

 ii 

			
	 8.5 Notices
	  	50
	 8.6 Expenses; Taxes; Indemnity
	  	50
	 8.7 Severability
	  	51
	 8.8 Prior Understandings
	  	51
	 8.9 Duration; Survival
	  	51
	 8.10 Counterparts
	  	52
	 8.11 Limitation on Payments
	  	52
	 8.12 Set-Off
	  	52
	 8.13 Successors and Assigns; Assignments
	  	53
	 8.14 Materiality
	  	53
	 8.15 Governing Law; Arbitration: Waiver of Jury Trial; Limitation of Liability
	  	53

  

					
	 EXHIBITS
	  		  	
			
	 EXHIBIT A
	  	-  	  	Form of Revolving Credit Facility Note
	 EXHIBIT B
	  	-  	  	Pricing Grid
	 EXHIBIT C
	  	-  	  	INTENTIONALLY DELETED
	 EXHIBIT D
	  	-  	  	First Amendment to Pledge Agreement and Second Amendment to Pledge Agreement
	 EXHIBIT E
	  	-  	  	Form of Guaranty
	 EXHIBIT F
	  	-  	  	Pequot Subordination Agreement
	 EXHIBIT G
	  	-  	  	Form of Compliance Certificate
	 EXHIBIT H
	  	-  	  	Form of Joinder Agreement
			
	 SCHEDULES
	  		  	
			
	 SCHEDULE 3.1
	  	-  	  	Corporate Existence and Qualification
	 SCHEDULE 3.6
	  	-  	  	Material Contracts
	 SCHEDULE 3.9
	  	-  	  	Litigation and Proceedings
	 SCHEDULE 3.13
	  	-  	  	Intellectual Property
	 SCHEDULE 3.14
	  	-  	  	Existing and Pending Defaults
	 SCHEDULE 3.16
	  	-  	  	Office Locations; Leases
	 SCHEDULE 3.17
	  	-  	  	Labor Relations
	 SCHEDULE 3.19
	  	-  	  	Subsidiaries
	 SCHEDULE 6.3
	  	-  	  	Liens
	 SCHEDULE 6.4
	  	-  	  	Indebtedness
	 SCHEDULE 6.5
	  	-  	  	Loans, Advances and Investments

  

 iii 

 THIS SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”), dated as of
November 13, 2006 (the “Closing Date”) is by and among ANALEX CORPORATION, a Delaware corporation (the “Borrower”), and the subsidiaries of the Borrower identified on the signature pages hereto and such other
subsidiaries of the Borrower as may from time to time become a party hereto (the “Subsidiary Guarantors”), and BANK OF AMERICA, N.A., a national banking association (the “Lender”). 
 W  I  T  N  E  S  S  E  T  H 
 WHEREAS, the Borrower has requested that the Lender modify certain terms of the revolving credit facility to the Borrower in the current aggregate
maximum principal sum not to exceed Forty Million and 00/100 Dollars ($40,000,000.00) at any time outstanding; and 
 WHEREAS,
the Lender is willing to modify the terms of the revolving credit facility and to extend such credit to the Borrower on the terms and subject to the conditions hereinafter set forth amending and restating in its entirety the Amended and Restated
Credit Agreement dated May 28, 2004, as previously amended. 
 NOW, THEREFORE, in consideration of the premises and of the mutual
covenants herein contained, and intending to be legally bound hereby, the parties hereto hereby covenant and agree as follows: 
 1. DEFINITIONS;
CONSTRUCTION. 
 1.1 Certain Definitions. 
 In addition to other words and terms defined elsewhere in this Agreement, as used herein the following words and terms shall have the following meanings, respectively, unless the context hereof otherwise clearly
requires: 
 “ACH Transactions” shall have the meaning set forth in Section 2.4(c). 
 “Affiliate” of a Person (the “Specified Person”) shall mean (a) any Person which directly or indirectly
controls, or is controlled by, or is under common control with, the Specified Person, (b) any director or officer (or, in the case of a Person which is not a corporation, any individual having analogous powers) of the Specified Person or
of a Person who is an Affiliate of the Specified Person within the meaning of the preceding clause (a), and (c) for each individual who is an Affiliate of the Specified Person within the meaning of the foregoing clause (a) or (b),
any spouse or direct lineal descendant of such Affiliate. For purposes of the preceding sentence, “control” of a Person shall mean (x) the possession, directly or indirectly, of the power to direct or cause the direction
of the management or policies of such Person, whether through the ownership of voting securities, by contract or otherwise, and (y) in any case shall include direct or indirect ownership (beneficially or of record) of, or direct or
indirect power to vote, ten percent (10%) or more of the outstanding shares of any class of capital stock of such Person (or in the case of a Person that is not a corporation, ten percent (10%) or more of any class of equity interest).

  

 “Applicable Margin” for purposes of calculating the interest on each Loan, the Letter of
Credit Fee and the Revolving Unused Fee, for any day shall mean the applicable percentage, as set forth on the Pricing Grid, corresponding to the Total Funded Debt to EBITDA ratio in effect as of the most recent Calculation Date. The initial
Applicable Margins shall be based on Pricing Level II until the first Applicable Margin Change Date for the Calculation Date occurring on December 31, 2006. Thereafter, determination of the appropriate Applicable Margins based on the Total
Funded Debt to EBITDA ratio shall be made on each Calculation Date upon receipt by the Lender of the Required Financial Information for such Calculation Date. The Total Funded Debt to EBITDA ratio in effect as of a Calculation Date shall establish
the Applicable Margins that shall be effective as of the date designated by the Lender as the Applicable Margin Change Date. The Lender shall determine the Applicable Margins as of the Calculation Date occurring on December 31, 2006 and on each
Calculation Date thereafter and shall promptly notify the Borrower of the Applicable Margins so determined and of the Applicable Margin Change Date. Such determinations by the Lender of the Applicable Margins shall be conclusive absent demonstrable
error. If the Borrower fails to provide the Required Financial Information for a Calculation Date to the Lender, when required pursuant to this Agreement, the Applicable Margins shall be based on Pricing Level II as set forth in the Pricing Grid
until such time as the Required Financial Information is provided whereupon the Pricing Level shall be determined by the then current Total Funded Debt to EBITDA ratio. 
 “Applicable Margin Change Date” shall mean, with respect to the Calculation Date occurring on December 31, 2006 and any Calculation Date thereafter, a date designated by the Lender that is not
more than five (5) Business Days after receipt by the Lender of the Required Financial Information for such Calculation Date. 
 “Assignment of Claims Act” shall mean the federal Assignment of Claims Act of 1940, as amended, and any successor statute of similar import, and regulations thereunder, in each case as in effect from time to time.

 “Autoborrow Service Agreement” shall have the meaning set forth in Section 2.4(b). 
 “BAI” means Beta Analytics, Incorporated, a Maryland corporation. 
 “BBA LIBOR” shall have the meaning set forth in the definition of BBA LIBOR Daily Floating Rate. 
 “BBA LIBOR Daily Floating Rate” on any date shall mean a fluctuating rate of interest per annum equal to the British Bankers Association
LIBOR Rate (“BBA LIBOR”), as published by Reuters (or other commercially available source providing quotations of BBA LIBOR as selected by the Lender from time to time) as determined for each Business Day at approximately 11:00 a.m. London
time two (2) London Banking Days prior to the date in question, for U.S. Dollar deposits (for delivery on the first day of such interest period) with a one month term, as adjusted from time to time in the Lender’s sole discretion for
reserve requirements, deposit insurance assessment rates and other regulatory costs. If such rate is not available at such time for any reason, then the rate will be determined by such alternate method as reasonably selected by the Lender. Interest
shall be computed for the actual number of days which have elapsed, on the basis of a 360-day year. 
  

 2 

 “Business Day” shall mean any day other than a Saturday, Sunday, public holiday under
the laws of the Commonwealth of Virginia or other day on which banking institutions are authorized or obligated to close in McLean, Virginia. 
 “Calculation Date” shall mean the last day of each fiscal quarter of the Borrower. 
 “Capital
Expenditures” shall mean, for any period and with respect to any Person, all expenditures during such period by such Person which would be classified as capital expenditures in accordance with GAAP or are made in property which are the
subject of a Synthetic Lease to which such Person becomes a lessee party during such period. 
 “Capitalized Lease” shall
mean at any time any lease which is, or is required under GAAP to be, capitalized on the balance sheet of the lessee at such time, and “Capitalized Lease Obligation” of any Person at any time shall mean the aggregate amount which
is, or is required under GAAP to be, reported as a liability on the balance sheet of such Person at such time as lessee under a Capitalized Lease. 
 “Cash Equivalent Investments” shall mean any of the following: (a) obligations fully backed by the full faith and credit of the United States of America maturing not in excess of one year from the date of
acquisition, (b) commercial paper maturing not in excess of one hundred eighty (180) days from the date of acquisition and rated “P-1” by Moody’s Investors Service or “A-1” by
Standard & Poor’s Corporation on the date of acquisition, (c) the following obligations of any domestic commercial bank having capital and surplus in excess of Five Hundred Million and 00/100 Dollars ($500,000,000.00),
which has, or the holding company of which has, a commercial paper rating meeting the requirements specified in clause (b) above: (i) time deposits, certificates of deposit and acceptances maturing not in excess of one
(1) year from the date of acquisition, or (ii) repurchase obligations with a term of not more than thirty (30) days for underlying securities of the type referred to in clause (a) above and (d) any deposits
with Lender or its Affiliates (including deposits in money market funds). In no event shall any investment as to which a Borrower is an issuer or a direct or indirect obligor be deemed a Cash Equivalent Investment. 
 “CERCLA” shall mean the Comprehensive Environmental Response, Compensation and Liability Act, as amended, and any successor statute of
similar import, and regulations thereunder, in each case as in effect from time to time. 
 “Change of Control” shall mean
the occurrence of any of the following events: (i) after the Closing Date, any Person (other than the Purchasers and their Affiliates) or two or more Persons (other than the Purchasers and their Affiliates) acting in concert, shall have
acquired beneficial ownership, directly or indirectly, of, or shall have acquired by contract or otherwise, or shall have entered into a contract or arrangement that, upon consummation, will result in his or their acquisition of or control over,
voting stock of the Borrower (or other securities convertible into such voting stock) representing 50% or more of the combined voting power of all voting stock of the Borrower, or (ii) during any period of up to 24 consecutive months,
commencing after the Closing Date, individuals who at the beginning of such 24 month period were directors of the Borrower (together with any new director whose election by the Borrower’s board of directors or whose nomination for election by
the Borrower’s shareholders was approved by a vote of at least a majority of the directors then still in office who either were directors at the beginning of such period or whose election or nomination for election was 

  

 3 

 
previously so approved and any new director designated, nominated and elected pursuant to the Stockholders’ Agreement (as defined in the Second Note
Purchase Agreement)) cease for any reason to constitute a majority of the directors of the Borrower then in office. As used herein, “beneficial ownership” shall have the meaning provided in Rule 13d-3 of the Securities and Exchange
Commission under the Securities Exchange Act of 1934. 
 “Closing Date” shall have the meaning set forth in the preamble of
this Agreement. 
 “Code” shall mean the Internal Revenue Code of 1986, as amended, and any successor statute of similar
import, and regulations thereunder, in each case as in effect from time to time. References to sections of the Code shall be construed also to refer to any successor sections. 
 “Collateral” shall mean the property from time to time subject to or intended by the parties to be subject to the Liens of the Security
Documents. 
 “ComGlobal” shall mean ComGlobal Systems, Incorporated, a California corporation. 
 “ComGlobal, Inc.” shall mean ComGlobal, Inc., a California corporation, a wholly owned subsidiary of ComGlobal. 
 “ComGlobal Information” shall mean ComGlobal Information Technology, Inc., a Nevada corporation, a wholly owned subsidiary of
ComGlobal. 
 “Commitments” of the Lender shall mean, the Revolving Credit Facility Commitment. 
 “Controlled Group Member” shall mean each trade or business (whether or not incorporated) which together with the Borrower is treated as
a single employer under Section 4001(a)(14) or 4001(b)(1) of ERISA or Section 414(b), (c), (m) or (o) of the Code. 
 “Credit Party” shall mean each of the Borrower and the Subsidiary Guarantors. 
 “Default” shall
mean any event or condition which constitutes an Event of Default or with notice or the passage of time or both would, unless cured or waived, constitute an Event of Default. 
 “Dollar,” “Dollars” and the symbol “$” shall mean lawful money of the United States of America. 

“EBITDA” for any period shall mean the net earnings (or loss) after taxes of the Borrower for such period, (a) plus the
sum of (i) the Interest Expense of the Borrower for such period to the extent deducted in calculating net earnings for such period, (ii) all charges against income for foreign, federal, state and local income taxes of the
Borrower for such period, to the extent deducted in calculating net earnings for such period, (iii) the aggregate depreciation expense of the Borrower for such period, (iv) the aggregate amortization expense of the Borrower
for such period, (v) losses from discontinued operations and extraordinary items and and (vi) all other non-cash charges deducted in determining such net earnings, (b) minus the sum of (i) income from
discontinued operations and extraordinary items and (ii) all non-cash items (other than accrual basis revenues) included in determining such net earnings, all as determined on a consolidated basis in accordance with GAAP. 
  

 4 

 “Environmental Affiliate” shall mean, with respect to any Person, any other Person whose
liability (contingent or otherwise) for any Environmental Claim such Person has retained, assumed or otherwise is liable for (by Law, agreement or otherwise). 
 “Environmental Claim” shall mean, with respect to any Person, any action, suit, proceeding, notice, claim, complaint, demand, request for information or other communication (written or oral) against,
of or to such Person by or from any other Person (including any Governmental Authority, citizens’ group or present or former employee of such Person) alleging, asserting or claiming any actual or potential (a) violation of any
Environmental Law, (b) liability under any Environmental Law or (c) liability for investigatory costs, cleanup costs, governmental response costs, natural resources damages, property damages, personal injuries, fines or
penalties arising out of, based on or resulting from the presence, or release into the environment, of any Environmental Concern Materials at any location, whether or not owned by such Person. 
 “Environmental Concern Materials” shall mean (a) any explosive, radioactive material, hazardous material, hazardous waste,
toxic substance, solid waste, pollutant, contaminant or any related material, raw material, substance, product or by-product of any substance specified in or regulated or otherwise affected by any Environmental Law (including any “Hazardous
Substance” as defined in CERCLA or any similar state Law), (b) any toxic chemical or other toxic substance from or related to industrial, commercial or institutional activities, and (c) asbestos, gasoline, diesel
fuel, motor oil, waste and used oil, heating oil and other petroleum products or compounds, polychlorinated biphenyls, radon and urea formaldehyde. 
 “Environmental Law” shall mean any applicable Law relating to (a) pollution or protection of the environment, including natural resources, (b) exposure of Persons, including employees, to
Environmental Concern Materials, (c) protection of the public health or welfare from the effects of products, by-products, wastes, emissions, discharges or releases of Environmental Concern Materials or (d) regulation of the
manufacture, use or introduction into commerce of Environmental Concern Materials including their manufacture, formulation, packaging, labeling, distribution, transportation, handling, storage or disposal. Without limitation, “Environmental
Law” shall also include any Governmental Approval required pursuant to any Environmental Law and the terms and conditions thereof. 
 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended, and any successor statute of similar import, and regulations thereunder, in each case as in effect from time to time. References to
sections of ERISA shall be construed also to refer to any successor sections. 
 “Event of Default” shall mean any of the
Events of Default described in Section 7.1. 
 “First Note Purchase Agreement” shall mean that certain Subordinated
Note and Series A Convertible Preferred Stock Purchase Agreement dated July 18, 2003, by and among the Borrower and the First Purchasers. 
 “First Purchasers” shall mean Pequot Private Equity Fund III, L.P., a Delaware limited partnership and Pequot Offshore Private Equity Partners III, L.P., a Delaware limited partnership. 
  

 5 

 “Fixed Charge Coverage Ratio” for any twelve month period shall mean the ratio of
(a) EBITDA minus Capital Expenditures and cash taxes paid in such period to (b) Fixed Charges for such period. 
 “Fixed Charges” for any period shall mean the sum of (a) Interest Expense for such period, plus (b) Preferred Stock cash dividends actually paid or required to be paid, plus
(c) the aggregate amount of all non-compete payments made by the Borrower for such period, plus (d) without duplication, scheduled payments of principal on Indebtedness and Capitalized Lease Obligations of the
Borrower for such period, all as determined on a consolidated basis in accordance with GAAP. 
 “GAAP” shall have the
meaning set forth in Section 1.3. 
 “Government” shall mean the United States government or any department or agency
thereof. 
 “Government Contracts” shall mean written contracts between the Borrower and the Government. 
 “Governmental Approval” shall mean any approval, order, consent, authorization, certificate, license, permit or validation of, or
exemption or other action by, or filing, recording or registration with, or notice to, any Governmental Authority. 
 “Governmental
Authority” shall mean any government or political subdivision or any agency, authority, bureau, central bank, commission, department or instrumentality of either, or any court, tribunal, grand jury or arbitrator, in each case whether
foreign or domestic. 
 “Guaranty” shall have the meaning set forth in Section 4.1(c). 
 “Guaranty Obligations” shall mean, with respect to any Person, without duplication, any obligations of such Person (other than
endorsements in the ordinary course of business of negotiable instruments for deposit or collections) guaranteeing or intended to guarantee any Indebtedness of any other Person in any manner, whether direct or indirect, and including without
limitation any obligation, whether or not contingent, (i) to purchase any such Indebtedness or any property constituting security therefor, (ii) to advance or provide funds or other support for the payment or purchase of any such
Indebtedness or to maintain working capital, solvency or other balance sheet condition of such other Person (including keep well agreements, maintenance agreements, comfort letters or similar agreements or arrangements) for the benefit of any holder
of Indebtedness of such other Person, (iii) to lease or purchase property, securities or services primarily for the purpose of assuring the holder of such Indebtedness, or (iv) to otherwise assure or hold harmless the holder of such
Indebtedness against loss in respect thereof. The amount of any Guaranty Obligation hereunder shall (subject to any limitations set forth therein) be deemed to be in amount equal to the outstanding principal amount of the Indebtedness in respect of
which such Guaranty Obligation is made. 
 “Hazardous Substance” shall mean, without limitation, any flammable explosives,
radon, radioactive materials, asbestos, urea formaldehyde foam insulation, polychlorinated biphenyls, petroleum and petroleum products, methane, hazardous materials, hazardous wastes, hazardous or toxic substances, pollutants or contaminants as
defined in CERCLA, HMTA, RCRA or any other applicable Environmental Law, rule, order or regulation. 
  

 6 

 “Hazardous Wastes” shall mean, without limitation, all waste materials subject to
regulation under CERCLA, RCRA, or analogous state law, and/or any other applicable Federal and/or state law now in force or hereafter enacted relating to hazardous waste treatment or disposal. 
 “HMTA” shall mean the Hazardous Materials Transportation Act, as amended (49 U.S.C. Sections 1801, et seq.) 
 “Indebtedness” of a Person shall mean: 
 (a) All obligations on account of money borrowed by, or credit extended to or on behalf of, or for or on account of deposits with or advances to, such Person (other than trade payables and accrued liabilities in the
ordinary course); 
 (b) All obligations of such Person evidenced by bonds, debentures, notes or similar instruments; 
 (c) All obligations of such Person for the deferred purchase price of property or services; 
 (d) All obligations secured by a Lien on property owned by such Person, whether or not assumed (except inchoate Liens securing obligations not yet due
and payable); and all obligations of such Person under Capitalized Leases or Synthetic Leases (without regard to any limitation of the rights and remedies of the holder of such Lien or the lessor under such Capitalized Lease or Synthetic Lease to
repossession or sale of such property); 
 (e) The face amount of all letters of credit issued for the account of such Person and, without
duplication, the unreimbursed amount of all drafts drawn thereunder, and all other payment or monetary indemnification obligations of such Person associated with such letters of credit or draws thereon; 
 (f) All obligations of such Person in respect of acceptances or similar obligations issued for the account of such Person; and 
 (g) All obligations of such Person under any interest rate or currency protection agreement, interest rate or currency future, interest rate or currency
option, interest rate or currency swap or cap or other interest rate or currency hedge agreement. 
 “Indemnified Parties”
shall mean the Lender, its affiliates, and the directors, officers and employees of each of the foregoing. 
 “Intercompany
Debt” shall mean any indebtedness which is owing by a Credit Party to another Credit Party. 
 “Interest Expense”
for any period shall mean the total cash interest expense of the Borrower (including amortization of deferred financing fees, premiums or interest rate protection agreements and original issue discounts) for such period determined in accordance with
GAAP. 
  

 7 

 “Law” shall mean any law (including common law), constitution, statute, treaty,
convention, regulation, rule, ordinance, order, injunction, writ, decree or award of any Governmental Authority with applicable jurisdiction. 
 “Letter of Credit” and “Letters of Credit” shall mean, respectively, each and all of the standby letters of credit issued pursuant to this Agreement. 
 “Letter of Credit Application” shall have the meaning assigned to such term in Section 2.14 of this Agreement. 
 “Letter of Credit Fee” shall have the meaning set forth in Section 2.13(c). 
 “Letter of Credit Obligations” shall mean, at any particular time, the aggregate amount of all liabilities of the Borrower with respect
to Letters of Credit, whether or not such liability is contingent, including (without duplication) the sum of (a) the aggregate amount of Letter of Credit Undrawn Availability then outstanding, and (b) the aggregate amount of
all unpaid Letter of Credit Reimbursement Obligations. 
 “Letter of Credit Reimbursement Obligation” with respect to a
Letter of Credit means the obligation of the Borrower to reimburse the Lender for Letter of Credit Unreimbursed Draws, together with interest thereon. 
 “Letter of Credit Undrawn Availability” with respect to a Letter of Credit at any time shall mean the maximum amount available to be drawn under such Letter of Credit at such time or thereafter,
regardless of the existence or satisfaction of any conditions or limitations on drawing. 
 “Letter of Credit Unreimbursed
Draws” with respect to a Letter of Credit at any time shall mean the aggregate amount at such time of all payments made by the Lender under such Letter of Credit, to the extent not repaid by the Borrower. 
 “Lien” shall mean any mortgage, deed of trust, pledge, lien, security interest, charge or other encumbrance or security arrangement of
any nature whatsoever, including any conditional sale or title retention arrangement, and any assignment, deposit arrangement or lease intended as, or having the effect of, security. 
 “Loan” shall mean any loan by the Lender to the Borrower under this Agreement, and “Loans” shall mean all loans made by
the Lender under this Agreement. 
 “Loan Documents” shall mean this Agreement, the Note, the Security Agreement, the Pledge
Agreement, the Guaranty, the Pequot Subordination Agreement and all other agreements and instruments extending, renewing, refinancing or amending any indebtedness, obligation or liability arising under any of the foregoing, in each case as the same
may be amended, modified or supplemented from time to time hereafter. 
 “London Banking Day” shall mean a day on which
banks in London are open for business and dealing in offshore dollars. 
 “Material Adverse Effect” shall mean:
(a) a material adverse effect on the business, assets, properties, operations or condition (financial or otherwise) of the Borrower and its Subsidiaries, or (b) a material adverse effect on the ability of any Credit Party to
perform or comply with any term or condition of any Loan Document, or (c) a material adverse effect on the legality, validity, binding effect, enforceability or admissibility into evidence of any Loan Document or the ability of the
Lender to enforce any provision, rights or remedies under or in connection with any Loan Document. 
  

 8 

 “Material Contract” shall mean a Government Contract and/or other contract or agreement
of the Borrower for a term greater than twelve (12) months and involving an amount in excess of Two Million and 00/100 Dollars ($2,000,000.00). 
 “Multiemployer Plan” shall mean any employee benefit plan which is a “multiemployer plan” within the meaning of Section 4001(a)(3) of ERISA and to which the Borrower or any
Controlled Group Member has or had an obligation to contribute. 
 “Net Worth” shall mean the Borrower’s total assets
(including leaseholds and leasehold improvements and reserves against assets) less total liabilities (including accrued and deferred income taxes). 
 “Note” shall mean the Revolving Credit Facility Note. 
 “Note Purchase Agreements” shall mean the
First Note Purchase Agreement and the Second Note Purchase Agreement. 
 “Obligations” shall mean all indebtedness,
obligations and liabilities of the Credit Parties to the Lender from time to time arising under or in connection with or evidenced or secured by this Agreement or any other Loan Document, and all extensions, renewals or refinancings thereof, whether
such indebtedness, obligations or liabilities are direct or indirect, otherwise secured or unsecured, joint or several, absolute or contingent, due or to become due, whether for payment or performance, now existing or hereafter arising. Without
limitation of the foregoing, such indebtedness, obligations and liabilities include the principal amount of Loans, all Letter of Credit Obligations, interest, fees, indemnities or obligations respecting expenses under or in connection with this
Agreement or any other Loan Document, and all extensions, renewals. refinancings and amendments thereof, whether or not such Loans were made or Letters of Credit issued in compliance with the terms and conditions of this Agreement or in excess of
the obligation of the Lender to lend. The term “Obligations” shall include all obligations of the Borrower under any Swap Contract. Obligations shall remain Obligations notwithstanding any assignment or transfer or any subsequent
assignment or transfer of any of the Obligations or any interest therein. 
 “PBGC” shall mean the Pension Benefit Guaranty
Corporation established under Title IV of ERISA or any other governmental agency, department or instrumentality succeeding to the functions of said corporation. 
 “Pension Plan” and “Pension Plans” shall have the meanings set forth in Section 3.11. 
 “Pension-Related Event” shall mean any of the following events or conditions: 
 (a) Any
action is taken by any Person (i) to terminate, or which would result in the termination of, a Plan, either pursuant to its terms or by operation of law (including any amendment of a Plan which would result in a termination under
Section 4041(e) of ERISA), or (ii) to have a trustee appointed for a Plan pursuant to Section 4042 of ERISA; 
  

 9 

 (b) The PBGC notifies any Person of its determination that an event described in Section 4042 of
ERISA has occurred with respect to a Plan, that a Plan should be terminated, or that a trustee should be appointed for a Plan; 
 (c) Any
Reportable Event occurs with respect to a Plan; 
 (d) Any action occurs or is taken which would reasonably be expected to result in the
Borrower or any Controlled Group Member becoming subject to liability for a complete or partial withdrawal by any Person from a Multiemployer Plan (including seller liability incurred under Section 4204(a)(2) of ERISA), or the Borrower or any
Controlled Group Member receives from any Person a notice or demand for payment on account of any such alleged or asserted liability; 
 (e)
There occurs (i) any failure to meet the minimum funding standard under Section 302 of ERISA or Section 412 of the Code with respect to a Plan, or any tax return is filed showing any tax payable under Section 4971(a) of
the Code with respect to any such failure, or the Borrower or any Controlled Group Member receives a notice of deficiency from the Internal Revenue Service with respect to any alleged or asserted such failure, or (ii) any request is made
by any Person for a variance from the minimum funding standard, or an extension of the period for amortizing unfunded liabilities, with respect to a Plan, or (iii) the Borrower or any Controlled Group Member fails to pay the PBGC premium
with respect to a Plan when due and it remains unpaid for more than thirty (30) days thereafter; or 
 (f) There occurs any
“prohibited transaction” within the meaning of Section 406 of ERISA or Section 4975 of the Code involving a Plan. 
 “Pequot Subordination Agreement” shall mean that certain Amended and Restated Intercreditor and Subordination Agreement dated May 28, 2004, by and among the Lender, the Purchasers, the Borrower and the Subsidiary
Guarantors, attached hereto as Exhibit F, as amended, modified and supplemented from time to time. 
 “Permitted
Liens” shall have the meaning set forth in Section 6.4. 
 “Person” shall mean an individual, corporation,
limited liability company, partnership, trust, unincorporated association, joint venture, joint-stock company, Governmental Authority or any other entity. 
 “Plan” shall mean (a) any employee pension benefit plan within the meaning of Section 3(2) of ERISA (other than a Multiemployer Plan) covered by Title IV of ERISA by reason of
Section 4021 of ERISA, of which the Borrower or any Controlled Group Member is or has been within the preceding five years a “contributing sponsor” within the meaning of Section 4001(a)(13) of ERISA, or which is or has
been within the preceding five years maintained for employees of the Borrower or any Controlled Group Member and (b) any employee pension benefit plan within the meaning of Section 3(2) of ERISA (other than a Multiemployer Plan
which is subject to Title I of ERISA by reason of Section 4 of ERISA and is subject to the minimum funding requirements of Section 302 of ERISA or Section 412 of the Code), of which the Borrower or any Controlled Group Member is or
has been within the preceding five years an employer liable for contributions within the meaning of Section 302(c)(11) of ERISA or Section 412(c)(11) of the Code, or which is or has been within the preceding five years maintained for
employees of the Borrower or any Controlled Group Member. 
  

 10 

 “Pledge Agreement” shall mean the Pledge Agreement dated November 2, 2001, as
amended by that certain First Amendment to Pledge Agreement dated May 28, 2004 and that certain Second Amendment to Pledge Agreement, both amendments attached hereto as Exhibit D, as amended, modified and supplemented from time to time.

 “Preferred Stock” means Borrower’s Series A Convertible Preferred Stock, par value $0.02 per share and the
Borrower’s Series B Convertible Preferred Stock, par value $0.02 per share. 
 “Pricing Grid” shall mean the pricing
grid attached hereto as Exhibit B. 
 “Prime Rate” shall mean the rate of interest publicly announced from time to
time by the Lender as its Prime Rate (the “Index”). The Prime Rate is set by the Lender based on various factors, including the Lender’s costs and desired return, general economic conditions and other factors, and is used as a
reference point for pricing some loans. The Lender may price loans to its customers at, above, or below the Prime Rate. Any change in the Prime Rate shall take effect at the opening of business on the day specified in the public announcement of a
change in the Lender’s Prime Rate. The Index is not necessarily the lowest rate charged by Lender on its loans and is set by Lender in its sole discretion. If the Index becomes unavailable during the term of this Agreement, the Lender may
designate a substitute index after notifying the Borrower. The Lender will tell the Borrower the current Index rate upon the Borrower’s request. 
 “Purchasers” shall mean the First Purchasers and the Second Purchasers. 
 “RCRA” shall mean the Resource Conservation and Recovery Act, as amended (42 U.S.C. Sections 6901, et. seq.) 
 “Regular Interest Payment Date” shall mean the first day of each calendar month. 
 “Releases” shall have the meaning set forth in Section 3.12. 
 “Relevant Date” shall have
the meaning set forth in Section 1.3. 
 “Reportable Event” shall mean (a) a reportable event described in
Section 4043 of ERISA and regulations thereunder, (b) a withdrawal by a substantial employer from a Plan to which more than one employer contributes, as referred to in Section 4063(b) of ERISA, (c) a cessation of
operations at a facility causing more than twenty percent (20%) of Plan participants to be separated from employment, as referred to in Section 4068(f) of ERISA, or (d) a failure to make a required installment or other payment
with respect to a Plan when due in accordance with Section 412 of the Code or Section 302 of ERISA which causes the total unpaid balance of missed installments and payments (including unpaid interest) to exceed One Hundred Fifty
Thousand and 00/100 Dollars ($150,000.00). 
 “Required Financial Information” shall mean, with respect to the
applicable Calculation Date, (i) the financial statements of the Borrower required to be delivered pursuant to Section 5.1(a) or (b) for the fiscal period or quarter ending as of such Calculation Date, and (ii) the Compliance
Certificate required by Section 5.1(e) to be delivered with the financial statements described in clause (i) above. 
  

 11 

 “Responsible Officer,” in the case of the Borrower, shall mean the Chief Executive
Officer, Chief Operating Officer, Vice President of Finance, Corporate Controller or Chief Financial Officer of the Borrower. 
 “Revolving Credit Facility Available Amount” shall have the meaning set forth in Section 2.1(a). 
 “Revolving Credit Facility Commitment” shall have the meaning set forth in Section 2.1(a). 
 “Revolving Credit Facility Committed Amount” shall mean Forty Million Dollars ($40,000,000). 
 “Revolving
Credit Facility Loans” shall have the meaning set forth in Section 2.1(a). 
 “Revolving Credit Facility Maturity
Date” shall mean May 31, 2008. 
 “Revolving Credit Facility Note” shall mean the promissory note of the
Borrower executed and delivered under Section 2.1(c), together with all extensions, renewals, restatements or amendments thereof in whole or part. 
 “Revolving Loan Account” shall have the meaning set forth in Section 2.1(d). 
 “Revolving Unused Fee” shall have the meaning set forth in Section 2.4. 
 “Second Note Purchase
Agreement” shall mean that certain Purchase Agreement dated May 28, 2004 by and among the Borrower and the Second Purchasers. 
 “Second Purchasers” shall mean the First Purchasers, General Electric Pension Trust, New York Life Capital Partners II, L.P. and/or certain of their affiliates. 
 “Security Agreement” shall mean that certain Security Agreement dated as of November 2, 2002, by and among the Borrower, the Lender
and other Persons named therein, as amended by that certain First Amendment to Security Agreement dated July 18, 2003. 
 “Security Document” shall mean each of the Security Agreement, the Pledge Agreement and all other agreements creating a Lien on any Person’s property to secure the Obligations. 
 “Senior Funded Debt” shall mean all Total Funded Debt of the Borrower and its Subsidiaries which is not subordinate to the Loan.

 “Solvent” means, with respect to any Person at any time, that at such time (a) the sum of the debts and
liabilities (including, without limitation, contingent liabilities) of such Person is not greater than all of the assets of such Person at a fair valuation, (b) the present fair salable value of the assets of such Person is not less than
the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person has not incurred debts or liabilities (including, without limitation, contingent liabilities)
beyond such Person’s ability to pay as such debts and liabilities mature, (d) such Person is not engaged in, and is not about to engage in, a business or transaction for which such Person’s property constitutes or would
constitute unreasonably small capital, and (e) such Person is not 

  

 12 

 
otherwise insolvent as defined in, or otherwise in a condition which would render any transfer, conveyance, obligation or act then made, incurred or
performed by it avoidable or fraudulent pursuant to, any Law that may be applicable to such Person pertaining to bankruptcy, insolvency or creditors’ rights (including, but not limited to, the Bankruptcy Code of 1978, as amended, and, to the
extent applicable to such Person, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any other applicable Law pertaining to fraudulent conveyances or fraudulent transfers or preferences). 
 “Stock Payment” by any Person shall mean any dividend, distribution or payment of any nature (whether in cash, securities, or other
property) on account of or in respect of any shares of the capital stock (or warrants, options or rights therefor) of such Person, including any payment on account of the purchase, redemption, retirement, defeasance or acquisition of any shares of
the capital stock (or warrants, options or rights therefor) of such Person, in each case regardless of whether required by the terms of such capital stock (or warrants, options or rights) or any other agreement or instrument. 
 “Subsidiary” shall mean, as to any Person, (a) 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, 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 (b) any partnership, association, joint venture or other entity in which such Person directly or indirectly through Subsidiaries has more than
50% equity interest at any time. 
 “Subsidiary Guarantors” shall have the meaning set forth in the preamble to this
Agreement. 
 “Swap Contract” shall mean any document, instrument or agreement between the Borrower and the Lender or any
affiliate of the Lender, now existing or entered into in the future, relating to an interest rate swap transaction, interest rate cap, floor or collar transaction, any similar transaction, any option to enter into any of the foregoing, and any
combination of the foregoing, which agreement may be oral or in writing, including any master agreement relating to or governing any or all of the foregoing and any related schedule or confirmation, each as amended from time to time. 
 “Synthetic Lease” shall mean any synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet
financing product of such Person where the transaction is considered Indebtedness for borrowed money for federal income tax purposes but is classified as an operating lease in accordance with GAAP for financial reporting purposes. 
 “Taxes” shall have the meaning set forth in Section 2.11(a). 
 “Total Funded Debt” shall mean all Indebtedness (excluding Indebtedness consisting of obligations described in item (g) of the
definition of Indebtedness), plus contingent and unconditional earn-out liabilities and contingent and unconditional non-compete liabilities, excepting (i) any cash bonus payments to employees of the Borrower related to the Expendable
Launch Vehicle Integrated Services (“ELVIS”) contract with NASA until such cash bonus payments are earned, (ii) any contingent earn-out payments related to Borrower’s acquisition of the Stock of BAI until such earn-out payments
are earned and (iii) unless otherwise objected to by Lender in its consent, any earn out payments related to any acquisition of Borrower which closes after the Closing Date and is consented to by Bank, until such earn out payments are earned.

  

 13 

 1.2 Construction. 
 Unless the context of this Agreement otherwise clearly requires, references to the plural include the singular, the singular the plural and the part the
whole; “or” has the inclusive meaning represented by the phrase “and/or”; and the terms “property” and “assets” include all properties and assets of any kind or nature, tangible or
intangible, real, personal or mixed, now existing or hereafter acquired. References in this Agreement to “determinations”(and similar terms) by the Lender mean and include good faith determinations or estimates by the Lender (in the
case of quantitative determinations) and good faith determinations or beliefs by the Lender (in the case of qualitative determinations), and references to “conclusive” determinations by the Lender shall mean determinations by the
Lender, as the case may be, which are made in good faith and absent manifest error. The words “hereof,” “herein,” “hereunder” and similar terms in this Agreement refer to this Agreement as a whole and not to any
particular provision of this Agreement. The words “includes” and “including” (and similar terms) in this Agreement mean “includes without limitation” and “including without limitation,”
respectively (and similarly for similar terms). The section and other headings contained in this Agreement and the Table of Contents preceding this Agreement are for reference purposes only and shall not control or affect the construction of
this Agreement or the interpretation thereof in any respect. Section, subsection and exhibit references are to this Agreement unless otherwise specified. Each annex, exhibit and schedule to this Agreement constitutes part of this Agreement. Each of
the covenants, terms and provisions of this Agreement is intended to have, and shall have, independent effect, and compliance with any particular covenant, term or provision shall not constitute compliance with any other covenant, term or provision.

 1.3 Accounting Principles. 
 (a) As used herein, “GAAP” shall mean generally accepted accounting principles in the United States, as such principles shall be in effect at the Relevant Date. As used herein, “Relevant
Date” shall mean the date a relevant computation or determination is or was to be made or the date of relevant financial statements, as the case may be. 
 (b) Except as otherwise provided in this Agreement, all computations and determinations as to accounting or financial matters shall be made, and all financial statements to be delivered pursuant to this Agreement
shall be prepared, in accordance with GAAP (including principles of consolidation where appropriate), and all accounting or financial terms shall have the meanings ascribed to such terms by GAAP. 
 2. THE FACILITIES. 
 2.1 Revolving Credit
Facility. 
 (a) Revolving Credit Facility Commitment. Subject to the terms and conditions and relying upon the representations
and warranties of the Borrower herein set forth, the Lender agrees (such agreement being herein called the Lender’s “Revolving Credit  

  

 14 

 
Facility Commitment”) to make loans (the “Revolving Credit Facility Loans”) to the Borrower at any time or from time to
time on or after the date hereof and to but not including the Revolving Credit Facility Maturity Date, subject, however, to the conditions that the aggregate principal amount of all Revolving Credit Facility Loans and all Letter of Credit
Obligations at any time outstanding shall not exceed the Revolving Credit Facility Committed Amount (such amount being referred to herein as the “Revolving Credit Facility Available Amount”). 
 (b) Nature of Credit. Within the limits of time and amount set forth in this Section 2.1, and subject to the provisions of this Agreement,
the Borrower may borrow, repay and reborrow Revolving Credit Facility Loans hereunder. 
 (c) Revolving Credit Facility Note. The
obligation of the Borrowers to repay the unpaid principal amount of the Revolving Credit Facility Loans made by the Lender and to pay interest thereon shall be evidenced in part by a promissory note of the Borrower dated the Closing Date (together
with any extensions, renewals or amendments thereof, the “Revolving Credit Facility Note”), in substantially the form attached hereto as Exhibit A, with the blanks appropriately filled, payable to the order of the Lender in a
face amount of up to Forty Million and 00/100 Dollars ($40,000,000.00). 
 (d) Revolving Loan Account. The Lender will
establish and maintain a revolving loan account on its books (the “Revolving Loan Account”) to which the Lender will (i) debit (A) the principal amount of each advance of the Revolving Credit Facility Loans made by the Lender
hereunder as of the date made, (B) the amount of any interest accrued on the Revolving Credit Facility Loans as and when due, and (C) any other amounts due and payable by the Borrower to the Lender from time to time under the provisions of
this Agreement in connection with the Revolving Credit Facility Loans, including enforcement costs, fees, late charges, and service, collection and audit fees, as and when due and payable, and (ii) credit all payments made by the Borrower to
the Lender on account of the Revolving Credit Facility Loans as of the date made, including funds credited to the Revolving Loan Account from the Collateral Account (as defined in the Security Agreement). All credit entries to the Revolving Loan
Account are conditional and shall be readjusted as of the date made if final and indefeasible payment is not received by the Lender in cash or solvent credits. Any and all periodic or other statements or reconciliations, and the information
contained in those statements or reconciliations, of the Revolving Loan Account shall be presumed conclusively to be correct, and shall constitute an account stated between the Lender and the Borrower unless the Lender receives specific written
objection thereto from the Borrower within thirty (30) Business Days after such statement or reconciliation shall have been sent by the Lender. 
 (e) Maturity. To the extent not due and payable earlier, the Revolving Credit Facility Loans shall be due and payable on the Revolving Credit Facility Maturity Date. 
 (f) Termination; Reduction of the Revolving Credit Facility Committed Amounts. The Borrower may terminate the Lender’s obligation to make
Revolving Credit Facility Loans; provided that the Borrower shall have provided written notice thereof to the Lender at least five (5) Business Days prior to the termination date. On the termination date, the principal amounts of all Revolving
Credit Facility Loans, together with interest on each such 

  

 15 

 
principal amount and any fees or expenses owed to the Lender to such date, shall be due and payable and all Letter of Credit Obligations shall be satisfied.
The Borrower may from time to time prior to the Revolving Credit Facility Maturity Date reduce the Revolving Credit Facility Committed Amount of the Lender to an aggregate amount not less than the sum of the unpaid principal amount of the Revolving
Credit Facility Loans then outstanding plus the principal amount of all Revolving Credit Facility Loans not yet made as to which notice has been given by the Borrower plus all Letter of Credit Obligations; provided that there shall be
no Default. Reduction of the Revolving Credit Facility Committed Amount shall be made by providing not less than five (5) Business Days’ notice (which notice shall be irrevocable) to such effect to the Lender. 
 2.2 INTENTIONALLY DELETED. 
 2.3 Fees. 
 (a) Revolving Unused Fee. The Borrower shall pay to the Lender for each day during
the period set forth below a commitment fee (the “Revolving Unused Fee”) at a rate per annum equal to the Applicable Margin, multiplied by the following amount: for each day from and including the date hereof to but not
including the Revolving Credit Facility Maturity Date, the amount (not less than zero) equal to (i) the Revolving Credit Facility Available Amount on such day, minus (ii) the aggregate principal amount of all Revolving Credit
Facility Loans, plus the aggregate Letter of Credit Obligations on such day. The Revolving Unused Fee shall be due and payable for the preceding period for which such fee has not been paid: (x) on the first Regular Interest
Payment Date of each calendar quarter, and (y) on the Revolving Credit Facility Maturity Date. 
 (b)
Administration Fee. An administration fee in the amount of Fifteen Thousand Dollars and 00/100 ($15,000.00) shall be paid each year, payable in advance in equal quarterly payments, beginning on the Closing Date and on the first day of
each calendar quarter thereafter until the Obligations are paid in full and the Revolving Credit Facility Commitment is terminated. 
 2.4
Making of Loans. 
 (a) Loan Requests. Whenever the Borrower desires that the Lender make Revolving Credit
Facility Loans, the Borrower shall provide notice to the Lender setting forth the following information: 
 (i) The
date, which shall be a Business Day, on which such proposed Loans are to be made; and 
 (ii) The aggregate principal
amount of such proposed Loans, which shall be in integral multiples of $50,000. 
 Unless any applicable condition specified in Article 4 has
not been satisfied, on the date specified in such notice the Lender shall make the proceeds of the Loan available to the Borrower requesting such Loan in funds immediately available. 
  

 16 

 (b) Automatic Loans. In addition to the foregoing, the Borrower authorizes the
Lender to make Revolving Credit Facility Loans, if all applicable conditions specified in Article 4 have been satisfied, in accordance with the terms of the Automatic Service Agreement between the Borrower and the Lender (the “Autoborrow
Service Agreement”). 
 (c) Swap Contracts and ACH Transactions. If the Borrower fails to make a payment to the
Lender under a Swap Contract or pursuant to an obligation arising from an ACH Transaction, the Lender may, but is not required to, advance such payment for the account of the Borrower and such advance shall be deemed to be a Revolving Credit
Facility Loan. For purposes of this Section 2.4(c), “ACH Transactions” shall mean any transaction involving cash management or related services, including the transfer of funds through an automated clearinghouse by the Lender
for the account of the Borrower. 
 2.5 Interest Rates. 
 (a) BBA Libor Rate. The unpaid principal amount of the Loans shall bear interest for each day until due at the BBA LIBOR Daily
Floating Rate plus the Applicable Margin. 
 (b) Interest Calculation. 
 (i) Other than calculations in respect of interest at the Lender’s prime rate (which shall be made on the basis of the actual
number of days elapsed in a 365/366-day year), all interest payable hereunder shall be calculated on the basis of a 360-day year, counting the actual number of days elapsed. 
 (ii) If Lender determines that no adequate basis exists for determining the BBA LIBOR Daily Floating Rate or that the BBA LIBOR
Daily Floating Rate will not adequately and fairly reflect the cost to the Lender of funding the Loan, or that any applicable law or regulation or compliance therewith by the Lender prohibits or restricts or makes impossible the charging of interest
based on the BBA LIBOR Daily Floating Rate and the Lender so notifies Borrower, then until the Lender notifies Borrower that the circumstances giving rise to such suspension no longer exist, interest shall accrue and be payable on the unpaid
principal balance of the Revolving Credit Facility Note from the date the Lender so notifies Borrower until the Revolving Credit Facility Maturity Date (whether by acceleration, declaration, extension or otherwise) at a fluctuating rate of interest
equal to the Prime Rate of the Lender. Any such rate is a general reference rate of interest, may not be related to any other rate, and may not be the lowest or best rate actually charged by the Lender to any customer or a favored rate and may not
correspond with future increases or decreases in interest rates charged by other lenders or market rates in general, and that the Lender may make various business or other loans at rates of interest having no relationship to such rate. Each time the
Prime Rate changes, the per annum rate of interest shall change immediately and contemporaneously with such 

  

 17 

 
change in the Prime Rate. If the Lender (including any subsequent holder of the Revolving Credit Facility Note) ceases to exist or to establish or publish a
prime rate from which the Prime Rate is then determined, the applicable variable rate from which the Prime Rate is determined thereafter shall be instead the prime rate reported in The Wall Street Journal (or the average prime rate if a high and a
low prime rate are therein reported), and the Prime Rate shall change without notice with each change in such prime rate as of the date such change is reported. 
 2.6 Optional Prepayments of Revolving Credit Facility Loans. 
 The Borrower shall have the
right at its option from time to time to prepay the Revolving Credit Facility Loans in whole or part at any time without premium or penalty. 
 2.7 INTENTIONALLY DELETED. 
 2.8 Interest Payment Dates. 
 Interest on the Loans shall be due and payable on each Regular Interest Payment Date. After maturity of any part of the Loans (by acceleration or
otherwise), interest on such part shall be due and payable on demand. 
 2.9 Payments Generally. 
 (a) Payments Generally. All payments and prepayments to be made by the Borrower in respect of principal, interest, fees, indemnity, expenses or
other amounts due from the Borrower hereunder or under any other Loan Document shall be payable in Dollars by 1:00 o’clock p.m., Charlotte, North Carolina time, on the day when due without presentment, demand, protest or notice of any kind, all
of which are hereby expressly waived, and, upon any failure to make any such payment when so due and expiration of any applicable cure period with respect to such payment, an action therefor shall immediately accrue, without setoff, counterclaim,
withholding or other deduction of any kind or nature. Such payments shall be made to the Lender in Dollars in funds immediately available. Any payment or prepayment received by the Lender after 1:00 o’clock p.m., Charlotte, North Carolina time,
on any day shall be deemed to have been received on the next succeeding Business Day. 
 (b) Interest on Overdue Amounts. To the
extent permitted by law, after there shall have become due (by acceleration or otherwise) principal, interest, fees, indemnity, expenses or any other amounts due from the Borrower hereunder or under any other Loan Document, such amounts shall bear
interest for each day until paid (before and after judgment), payable on demand, at a rate per annum which for each day shall be equal to a rate per annum two percent (2%) above the rate otherwise applicable (or if no rate is applicable,
whether in respect of interest, fees or other amounts, then four percent (4.0%) greater than the Prime Rate). 
 To the extent permitted
by law, interest accrued on any amount which has become due hereunder or under any other Loan Document shall compound on a day-by-day basis, and hence shall be added daily to the overdue amount to which such interest relates. 
  

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 (c) Automatic Debit. The Borrower has elected to authorize the Lender to effect payment of sums
due under this Agreement and the other Loan Documents by means of debiting the Borrower’s account number 4124657128. This authorization shall not affect the obligation of the Borrower to pay such sums when due, without notice, if there are
insufficient funds in such account to make such payment in full on the due date thereof, or if the Lender fails to debit the account. Without limiting the foregoing, the Borrower has authorized the Lender to effect payment of sums due under this
Agreement in connection with the Revolving Credit Facility Loans in accordance with the Autoborrow Service Agreement. 
 2.10
Additional Compensation in Certain Circumstances. 
 (a) Increased Costs or Reduced Return Resulting From Taxes, Reserves,
Capital Adequacy Requirements, Expenses, Etc. If any Law or guideline or interpretation or application thereof by any Governmental Authority charged with the interpretation or administration thereof or compliance with any request or directive of
any Governmental Authority (whether or not having the force of law) now existing or hereafter adopted: 
 (i) subjects
the Lender to any tax or changes the basis of taxation with respect to this Agreement, the Note, the Commitments, the Loans, or payments by the Borrower of principal, interest, fees or other amounts due from the Borrower hereunder or under the Note
(except for taxes payable by the Lender based on the overall net income or gross receipts of the Lender imposed by the jurisdictions foreign, federal, state and/or local), 
 (ii) imposes, modifies or deems applicable any reserve, special deposit or similar requirement against credits or commitments to
extend credit extended by, assets (funded or contingent) of, deposits with or for the account of, other acquisitions of funds by, the Lender (other than requirements expressly included herein in the determination of the BBA LIBOR Daily Floating Rate
hereunder), 
 (iii) imposes, modifies or deems applicable any capital adequacy or similar requirement
(A) against assets (funded or contingent) of, or credits or commitments to extend credit extended by, the Lender, or (B) otherwise applicable to the obligations of the Lender under this Agreement, or 
 (iv) imposes upon the Lender any other condition or expense with respect to this Agreement, the Note, the Commitments or its
making, maintenance or funding of any Loan, Letter of Credit, or any security for any thereof, 
 and the result of any of the foregoing is to
increase the cost to, reduce the income receivable by, or impose any expense (including loss of margin) upon the Lender, or, in the case of clause (iii), any Person controlling the Lender, with respect to this Agreement, the Note, the Commitments or
the making, maintenance or funding of any Loan or Letter of Credit, (or, in the case of any capital adequacy or similar requirement, to have the effect of reducing the rate of return on the Lender’s or controlling Person’s capital, taking
into consideration the Lender’s or 

  

 19 

 
controlling Person’s policies with respect to capital adequacy) by an amount which the Lender deems to be material, the Lender may from time to time
notify the Borrower of the amount determined (using any averaging and attribution methods) by the Lender (which determination shall be conclusive) to be necessary to compensate the Lender for such increase, reduction or imposition. In making any
such determination the Lender may take into account any special, supplemental or other nonrecurring items, may apply any averaging or attribution methods, and may make such determination prospectively or retrospectively. Such amount shall be due and
payable by the Borrower to the Lender five Business Days after such notice is given. 
 2.11 Taxes. 
 (a) Payments Net of Taxes. All payments made by the Borrower under this Agreement or any other Loan Document shall be made free and clear of, and
without reduction or withholding for or on account of, any present or future income, stamp or other taxes, levies, imposts, duties, charges, fees, deductions or withholdings, now or hereafter imposed, levied, collected, withheld or assessed by any
Governmental Authority, and all liabilities with respect thereto, excluding 
 (i) income, gross receipts or franchise
taxes imposed on the Lender by the jurisdiction under the laws of which the Lender is organized or any political subdivision or taxing authority thereof or therein or as a result of a connection between Lender and any jurisdiction other than a
connection resulting solely from this Agreement and the transactions contemplated hereby, and 
 (ii) income, gross
receipts or franchise taxes imposed by any jurisdiction in which the Lender’s lending offices which make or book Loans are located or any political subdivision or taxing authority thereof or therein (all such non-excluded taxes, levies,
imposts, deductions, charges or withholdings being hereinafter called “Taxes”). If any Taxes are required to be withheld or deducted from any amounts payable to the Lender under this Agreement or any other Loan Document, the
Borrower shall pay the relevant amount of such Taxes and the amounts so payable to the Lender shall be increased to the extent necessary to yield to the Lender (after payment of all Taxes) interest or any such other amounts payable hereunder at the
rates or in the amounts specified in this Agreement and the other Loan Documents. Whenever any Taxes are paid by the Borrower with respect to payments made in connection with this Agreement or any other Loan Document, as promptly as possible
thereafter, the Borrower shall send to the Lender, as the case may be, a certified copy of an original official receipt received by the Borrower showing payment thereof. 
 (b) Indemnity. The Borrower hereby indemnifies the Lender for the full amount of all Taxes attributable to payments by or on behalf of the Borrower hereunder or under any of the other Loan Documents, any Taxes
paid by the Lender, any present or future claims, liabilities or losses, including, without limitation, reasonable and documented attorneys’ fees, with respect to or resulting from any omission to pay or delay in paying any Taxes (including any
incremental Taxes, interest or penalties that may become payable by the Lender 

  

 20 

 
as a result of any failure to pay such Taxes), whether or not such Taxes were correctly or legally asserted. Such indemnification shall be made within five
(5) days from the date the Lender makes written demand therefor. 
 (c) The agreements in this Section 2.11 shall survive the
termination of this Agreement and the other Loan Documents, and all other amounts payable hereunder. 
 2.12 INTENTIONALLY OMITTED.

 2.13 Letters of Credit. 
 (a) General. Subject to the terms and conditions of this Agreement, and relying upon the representations and warranties herein set forth, the Lender shall issue for the account of the Borrower Letters of Credit
at any time or from time to time on or after the date hereof. The Borrower shall not request any Letter of Credit to be issued (and the Lender shall not be obligated to issue any Letter of Credit) except within the following limitations: on the date
of issuance of any Letter of Credit (and after giving effect to such issuance): the sum of the aggregate Letter of Credit Obligations plus the aggregate amount of all Revolving Credit Facility Loans outstanding shall not exceed the Revolving Credit
Facility Available Amount. 
 (b) Terms of Letters of Credit. The Borrower shall not request any Letter of Credit to be issued (and
the Lender shall not be obligated to issue any Letter of Credit) except within the following limitations: each Letter of Credit (i) shall have an expiration date no later than the earlier of (A) one year from the date of
issue and (B) thirty (30) days before the Revolving Credit Facility Maturity Date and (ii) shall be denominated in Dollars. Subject to the terms and conditions of this Agreement, each Letter of Credit shall be subject to
any other reasonable requirements for letters of credit normally and customarily imposed by the Lender. 
 (c) Letter of Credit Fees.
The Borrower shall pay a fee (the “Letter of Credit Fee”), with respect to each Letter of Credit, in the amount of the Applicable Margin applied to the face amount of such Letter of Credit, payable before such Letter of Credit is issued.
The Borrower shall also pay to the Lender such Letter of Credit administrative, amendment and other fees based on the Lender’s standard pricing for such fees, as amended from time to time. 
 2.14 Procedure for Issuance and Amendment of Letters of Credit. 
 (a) Request for Issuance. The Borrower may from time to time request, upon at least three (3) Business Days’ notice, the Lender to issue
a Letter of Credit by: 
 (i) delivering to the Lender a written request to such effect, specifying the date on which
such Letter of Credit is to be issued, the expiration date thereof, and the stated amount thereof, and 
 (ii)
delivering to the Lender an application, in such form as may from time to time be approved by the Lender (the “Letter of Credit Application”), completed to the satisfaction of the Lender, together with such other certificates,
documents and other papers and information as the Lender may request. 
  

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 If all conditions precedent to the issuance of a Letter of Credit are fulfilled, the Lender shall
deliver the original of such Letter of Credit to the beneficiary thereof or as the Borrower shall otherwise direct. 
 (b) Request for
Extension or Increase. The Borrower may from time to time request the Lender to extend the expiration date of an outstanding Letter of Credit or increase the Letter of Credit Undrawn Availability of such Letter of Credit. Such extension or
increase shall for all purposes hereunder be treated as though the Borrower had requested issuance of a replacement Letter of Credit (except only that the Lender may, if it elects, issue a notice of extension or increase in lieu of issuing a new
Letter of Credit in substitution for the outstanding Letter of Credit). 
 2.15 Letter of Credit Drawings and Reimbursements.

 The Borrower hereby agrees to reimburse the Lender, by making payment to the Lender in accordance with Section 2.9(a), on the date
and in the amount of each payment made by the Lender under any Letter of Credit, upon notice (which may be by telephone) by the Lender to the Borrower of such payment, without further notice, protest or demand, all of which are hereby waived, and an
action therefor shall thereupon immediately accrue. To the extent such payment is not timely made, the Borrower hereby agrees to pay to the Lender on demand, interest on any Letter of Credit Unreimbursed Draws for each day from and including the
date of such payment by the Lender until reimbursed in full (before and after judgment), in accordance with Section 2.9(b), at the rate per annum set forth in Section 2.9(b). 
 2.16 Obligations Absolute. 
 The payment obligations of the Borrower shall be unconditional and irrevocable and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including, without limitation, the following circumstances:

 (a) any lack of validity or enforceability of this Agreement, any Letter of Credit or any other Loan Document; 
 (b) the existence of any claim, set-off, defense or other right which Borrower or any other Person may have at any time against any beneficiary or
transferee of any Letter of Credit (or any Persons for whom any such beneficiary or transferee may be acting), the Lender, or any other Person, whether in connection with this Agreement, the transactions contemplated hereby or any unrelated
transaction; 
 (c) any draft, certificate, statement or other document presented under any 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, unless payment by the Lender under such circumstances results solely from the gross negligence or willful misconduct of the
Lender; 
  

 22 

 (d) payment by the Lender under any Letter of Credit against presentation of a draft or certificate which
does not comply with the terms of such Letter of Credit, or payment by the Lender under the Letter of Credit in any other circumstances in which conditions to payment are not met, except any such payment resulting solely from the gross negligence or
willful misconduct of the Lender; or 
 (e) any other event, condition or circumstance whatever, whether or not similar to any of the
foregoing. 
 The Borrower bears the risk of, and neither the Lender nor any of its directors, officers, employees or Lenders shall be liable
or responsible for any of, the foregoing matters, the use which may be made of any Letter of Credit, or acts or omissions of the beneficiary or any transferee in connection therewith. 
 2.17 Further Assurances. 
 The
Borrower hereby agrees, from time to time, to do and perform any and all acts and to execute any and all further instruments reasonably requested by the Lender more fully to effect the purposes of this Agreement and the issuance of the Letters of
Credit hereunder. 
 2.18 Letter of Credit Applications. 
 The representations, warranties and covenants by the Borrower under, and rights and remedies of the Lender under, any Letter of Credit Application
relating to any Letter of Credit are in addition to, and not in limitation or derogation of, representations, warranties and covenants by the Borrower under, and rights and remedies of the Lender under, this Agreement, the Loan Documents, and
applicable Law. In the event of any inconsistency between the terms of this Agreement and any Letter of Credit Application, this Agreement shall prevail. 
  

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 3. REPRESENTATIONS AND WARRANTIES. 
 To induce the Lender to enter into this Agreement, the Credit Parties represent, warrant, covenant and agree as follows: 
 3.1 Corporate Existence and Qualification. 
 Each of the Borrower and the Subsidiary Guarantors is a corporation duly organized, validly existing and in good standing under the laws of its state of incorporation, with all corporate power and authority and all
necessary licenses and permits to own, operate and lease its properties and carry on its business as now being conducted, and as it may reasonably be expected in the future to be conducted. Each of the Borrower and the Subsidiary Guarantors is duly
qualified and authorized to do business and is in good standing in each jurisdiction in which the nature of its activities or the character of its properties makes qualification necessary, except where the failure to be so qualified would not have a
Material Adverse Effect. Schedule 3.1 states as of the date hereof the jurisdictions where the character of the properties owned or leased by each of the Borrower and the Subsidiary Guarantors or the nature of its business makes qualification
to do business as a foreign corporation necessary. 
 3.2 Authority: Noncontravention. 
 The execution, delivery and performance of the obligations of the Credit Parties set forth in this Agreement, the Note and the other Loan Documents
(a) have been duly authorized by all necessary corporate and/or stockholder action; (b) do not require the consent of any Governmental Authority; (c) will not violate or result in (and with notice or the lapse of
time will not violate or result in) the breach of any provision of any Articles of Incorporation or Bylaws, any material indenture, instrument, agreement or other undertaking to which any Credit Party is a party or by which any Credit Party is
bound, or any order or regulation of any Governmental Authority; and (d) except as provided for in this Agreement, result in the creation of a Lien upon any of the properties or assets of any Credit Party. When the Loan Documents are
executed and delivered, they will constitute legal, valid and binding obligations of the Credit Parties, enforceable against the Credit Parties in accordance with their respective terms. 
 3.3 Financial Position: Solvency. 
 (a) The Borrower has heretofore furnished to the Lender consolidated and consolidating balance sheets as of December 31, 2005 and the related consolidated and consolidating statements of income, cash flows and changes in
stockholders’ equity for the fiscal year then ended, as reported on by Ernst & Young, independent certified public accountant. Such financial statements (including the notes thereto) present fairly in all material respects the
financial condition of the Borrower as of the end of such fiscal year and the results of its operations and cash flows for the fiscal year then ended, all in conformity with GAAP. 
 (b) The Borrower has heretofore furnished to the Lender unaudited interim consolidated and consolidating balance sheets as of June 30, 2006,
together with the related consolidated and consolidating statements of income and cash flows for the applicable calendar periods ending on such date. Such financial statements present fairly in all material respects the financial condition of the
Borrower as of the end of such period and the results of its operations and its cash flows for the period then ended, all in conformity with GAAP, subject to normal and recurring year-end audit adjustments and the lack of complete footnotes.

  

 24 

 (c) As of the date hereof there has been no material adverse change in the business, properties or
condition (financial or otherwise) of the Borrower or the Borrower and its Subsidiaries taken as a whole since the date of December 31, 2005. 
 (d) On and as of the Closing Date and after giving effect to all Loans and other obligations and liabilities being incurred on such date in connection therewith, and on the date of each subsequent Loan or other extension of credit hereunder
and after giving effect to the application of the proceeds thereof in accordance with the terms of the Loan Documents, the Borrower is and will be Solvent. 
 3.4 Payment of Taxes. 
 Each of the Borrower and its Subsidiaries has filed all material tax
returns and reports required to be filed by it with the United States Government and/or with all state and local governments, and has paid in full or made adequate provision on its books for the payment of all taxes, interest, penalties, assessments
or deficiencies shown to be due or claimed to be due on or in respect of such tax returns and reports, except to the extent that the validity or amount thereof is being contested in good faith by appropriate proceedings and the non-payment thereof
pending such contest will not result in the execution of any tax lien or otherwise jeopardize the Lender’s interests in any part of the Collateral. 
 3.5 Accuracy of Submitted Information; Omissions. 
 As of the date furnished, all documents,
certificates, information, materials and financial statements furnished or to be furnished to the Lender pursuant to the Agreement or otherwise in connection with a Loan or Letter of Credit (a) are true and correct in all material
respects; (b) do not contain any untrue statement of a material fact; and (c) do not omit any material fact necessary to make the statements contained therein or herein not, in light of the circumstances under which they were
made, misleading; it being understood that projections are merely reasonable estimates of future events, and are subject to uncertainties and that actual results during the period covered by the projections may differ from the projected results.

 3.6 Government Contracts. 
 No notice of suspension, debarment or termination for default has been received by any Credit Party and no cure notice (other than any immaterial cure notice under any GSA contract) has been received by any Credit
Party in connection with any Government Contract currently in effect or other contract currently in effect pursuant to which any Credit Party is directly or indirectly acting as a subcontractor under or in connection with a Government Contract. All
Government Contracts and all other contracts which constitute Material Contracts as of May 28, 2004 are listed on Schedule 3.6 attached hereto. 
 3.7 No Defaults or Liabilities. 
 Neither the Borrower nor any of its Subsidiaries is in
default in the performance of any obligation, covenant or condition contained in any Material Contract to which it is a party. 
  

 25 

 3.8 No Violations of Law. 
 Neither the Borrower nor any of its Subsidiaries is in material violation of any applicable Laws; neither the Borrower nor any of its Subsidiaries has
failed to obtain any material license, permit, franchise or other governmental authorization necessary to the ownership of its properties or to the conduct of its business, and each of the Borrower and its Subsidiaries has conducted its business and
operation in compliance in all material respects with all applicable Laws. 
 3.9 Litigation and Proceedings. 
 Except for the matters set forth on Schedule 3.9 attached hereto, no action, suit or proceeding against or affecting the Borrower or any of its
Subsidiaries is presently pending, or to the knowledge of any Credit Party threatened, in any court, before any Governmental Authority, which involves the possibility of any judgment or liability in excess of One Hundred Fifty Thousand and 00/100
Dollars ($150,000.00) and not fully covered by insurance and no Credit Party is aware of any existing basis for any such action, suit or proceeding. Neither the Borrower nor any of its Subsidiaries is in default with respect to any order, writ,
injunction or decree of any Governmental Authority. 
 3.10 Fiscal Year. 
 The Borrower’s fiscal year ends on December 31. 
 3.11 Pension Plans. 
 (a) The present value of all benefits vested under all “employee
pension benefit plans” as such term is defined in Section 3(2) of ERISA, from time to time maintained by the Borrower (individually, a “Pension Plan” and collectively, the “Pension Plans”) did not, as
of December 31, 2005, exceed the value of the assets of the Pension Plans allocable to such vested benefits; 
 (b) No Pension Plan,
trust created thereunder or other person dealing with any Pension Plan has engaged in a non-exempt transaction proscribed by Section 406 of ERISA or no Pension Plan or trust created thereunder has been terminated, and there has been no
non-exempt “prohibited transaction” as such term is defined in Section 4975 of the Code, which could have a Material Adverse Effect; 
 (c) There have been no “Reportable Events” (as that term is defined in Section 4043 of ERISA and the regulations thereunder) with respect to any Pension Plan or trust created thereunder after
June 30, 1974; and 
 (d) No Pension Plan or trust created thereunder has incurred any “accumulated funding deficiency”
(as such term is defined in Section 302 of ERISA or Section 412 of the Code) as of the end of any plan year, whether or not waived, since the effective date of ERISA. 
  

 26 

 3.12 O.S.H.A. and Environmental Compliance. 
 (a) Each of the Borrower and its Subsidiaries has duly complied in all material respects with, and its facilities, business assets, property, leaseholds
and equipment are in compliance in all material respects with, the provisions of the Federal Occupational Safety and Health Act (“O.S.H.A.”), the Environmental Protection Act, RCRA and all other Environmental Laws where
noncompliance with such Environmental Laws could result in a Material Adverse Effect; and there have been no citations, notices, notifications or orders of any such non-compliance issued to the Borrower or any of its Subsidiaries or relating to its
business, assets, property, leaseholds or equipment under any such laws, rules or regulations; 
 (b) Each of the Borrower and its
Subsidiaries has been issued all required federal, state and local licenses, certificates and permits necessary or appropriate in the operation of its facilities, businesses, assets, property, leaseholds and equipment, unless the failure to obtain
any such license, certificate or permit would not have a Material Adverse Effect; and 
 (c)(i) There are no visible signs of
releases, spills, discharges, leaks or disposal collectively (referred to herein as “Releases”) of Hazardous Substances at, upon, under or within any real property owned or any premises leased by the Borrower or any of its
Subsidiaries, (ii) there are no underground storage tanks or polychlorinated biphenyls on any real property owned or any premises leased by the Borrower or any of its Subsidiaries (except for storage tanks and polychlorinated biphenyls
which exist and are maintained in compliance with applicable Environmental Laws, rules and regulations); (iii) to the knowledge of the Borrower, no real property owned or premises leased by the Borrower or any of its Subsidiaries has
ever been used as a treatment, storage or disposal facility for Hazardous Waste (except for such use as could not reasonably be expected to result in material liability for the Borrower or any of its Subsidiaries) and (iv) no Hazardous
Substances are present on any real property owned or any premises leased by the Borrower or any of its Subsidiaries, except for such quantities of Hazardous Substances as are handled in all material respects in accordance with all applicable
manufacturer’s instructions and governmental regulations, and as are necessary for the operation of the business of the Borrower and its Subsidiaries. Each of the Borrower and its Subsidiaries, for itself and its successors and assigns, hereby
covenants and agrees to indemnify, defend and hold harmless the Lender from and against any and all liabilities, losses, claims, damages, suits, penalties, costs and expenses of every kind or nature, including, without limitation, reasonable
attorneys’ fees, arising from or in connection with (A) the presence or alleged presence of any Hazardous Substance or Hazardous Waste on, under or about any property of the Borrower or any of its Subsidiaries (including, without
limitation, any property or premises now or hereafter owned or leased by the Borrower or any of its Subsidiaries), or which is caused by or results from, directly or indirectly, any act or omission to act by the Borrower or any of its Subsidiaries;
and (B) the Borrower’s or any of its Subsidiaries’ violation of any Environmental Law. 
 3.13 Intellectual
Property. 
 All patents, patent applications, trademarks, trademark applications, copyrights, copyright applications, tradenames,
trade secrets and licenses material for the conduct of the 

  

 27 

 
business of the Borrower and its Subsidiaries owned by each of the Borrower and its Subsidiaries, are valid and those owned as of May 28, 2004 are
listed on Schedule 3.13; there is no objection or pending challenge to the validity of any such patent, trademark, copyright, tradename, trade secret or license, except where such invalidity would not have a Material Adverse Effect; the
Borrower is not aware of any grounds for any such challenge or objection thereto; except as hereafter may be disclosed to the Lender in writing, neither the Borrower nor any of its Subsidiaries pays a royalty to anyone in connection with any patent,
trademark, copyright, tradename, trade secret or license; and each of the Borrower and its Subsidiaries has the right to bring legal action for the infringement of any such patent, trademark, copyright, tradename, trade secret or license.

 3.14 Existing or Pending Defaults; Material Contracts. 
 Except as set forth on Schedule 3.14 attached hereto, the Borrower is not aware of any condition, act, event or occurrence that would or reasonably
could prejudice the Lender’s rights in connection with any Material Contract, including, without limitation, any pending or threatened suspension, debarment or other governmental action or proceeding, any pending or threatened litigation, and
any other legal or administrative proceeding or investigation pending or threatened against the Borrower or any of its Subsidiaries in connection with any Material Contract. 
 3.15 Title to Property. 
 Each
of the Borrower and its Subsidiaries has good and marketable title in fee simple to all real property owned or purported to be owned by it and good title to all other property of whatever nature owned or purported to be owned by it, including all
property reflected in the most recent audited balance sheet referred to in Section 3.3 or submitted pursuant to Section 5.1(a), as the case may be (except as sold or otherwise disposed of in the ordinary course of business after the date
of such balance sheet), in each case free and clear of all Liens, other than Permitted Liens. 
 3.16 Office Locations: Leases.

 All office and other locations of the Borrower and its Subsidiaries as of May 28, 2004, are set forth on Schedule 3.16
attached hereto. All material leases and other agreements under which the Borrower or any of its Subsidiaries is the lessee are in full force and effect and constitute legal, valid and binding obligations of, and are legally enforceable against, the
respective parties thereto. All necessary governmental approvals, if any, have been obtained for each such material lease or agreement, and there have been no threatened cancellations thereof or outstanding material disputes with respect thereto.

 3.17 Labor Relations. 
 Except as set forth on Schedule 3.17, as of May 28, 2004, there were no strikes, work stoppages, grievance proceedings, union organization efforts or other controversies pending, or to the Borrower’s knowledge threatened or
reasonably anticipated, between the Borrower or any of its Subsidiaries and any union or other collective bargaining unit representing any employee 

  

 28 

 
of the Borrower or any of its Subsidiaries. Each of the Borrower and its Subsidiaries has complied and is in compliance with all applicable Laws relating to
employment or the workplace, including, without limitation, provisions relating to wages, hours, collective bargaining, safety and health, work authorizations, equal employment opportunity, immigration, withholding, unemployment compensation,
employee privacy and right to know. Except as set forth on Schedule 3.17, as of May 28, 2004, there were no collective bargaining agreements or employment agreements between the Borrower or any of its Subsidiaries and any of its employees or
professional services agreements not terminable at will. To the best of the knowledge of the Borrower, except as set forth on Schedule 3.17, as of May 28, 2004, neither the Borrower nor any of its Subsidiaries was the subject of any union
organizational activities relating to its business or assets. The consummation of the transactions contemplated hereby will not cause the Borrower or any of its Subsidiaries to incur or suffer any liability relating to, or obligation to pay,
severance, termination or other similar payments to any person or entity. 
 3.18 Absence of Undisclosed Liabilities.

 Neither the Borrower nor any of its Subsidiaries has any liability or obligation of any nature whatever (whether absolute, accrued,
contingent or otherwise, whether or not due), forward or long-term commitments or unrealized or anticipated losses from unfavorable commitments or that has, or would be likely to have, a Material Adverse Effect, except (a) as disclosed
in the financial statements referred to in Section 3.3 and (b) liabilities, obligations, commitments and losses incurred after June 30, 2006, in the ordinary course of business and consistent with past practices. 
 3.19 Subsidiaries. 
 As of the
date hereof, the Borrower has no Subsidiaries or owns interests in no other Person, except those set forth on Schedule 3.19. 
 3.20 Margin Regulations. 
 Except as permitted by Section 6.5(d) hereof (i) no part of the proceeds
of any Loan hereunder will be used for the purpose of buying or carrying any “margin stock,” as such term is used in Regulations G and U of the Board of Governors of the Federal Reserve System, as amended from time to time, or to
extend credit to others for the purpose of buying or carrying any “margin stock” and (ii) the Borrower owns no “margin stock.” The Borrower is not engaged in the business of extending credit to others
for the purpose of buying or carrying “margin stock.” Neither the making of any Loan nor any use of proceeds of any such Loan will violate or conflict with the provisions of Regulation G, T, U or X of the Board of Governors of the
Federal Reserve System. as amended from time to time. 
 3.21 Survival of Representation and Warranties. 
 All representations and warranties made herein shall survive the making of the Loans, and (except for (i) such representations and warranties as
expressly relate to an earlier date and (ii) such representations and warranties as may have changed since the Closing Date, if the Lender has received notice of such change and such change is acceptable to the Lender) shall be deemed remade as
of the date of each request for an advance or readvance of any Loan proceeds or for the issuance or amendment or renewal of any Letter of Credit. 
  

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 4. CONDITIONS OF LENDING. 
 4.1 Conditions to Initial Loans. 
 The obligation of the Lender to make any Loans on the
Closing Date and to issue any Letter of Credit on the Closing Date is subject to the satisfaction, immediately prior to or concurrently with the making of such Loan or issuance of such Letter of Credit, of the following conditions precedent, in
addition to the conditions precedent set forth in Section 4.2: 
 (a) Agreement; Note. The Lender shall have received a
counterpart of this Agreement, duly executed by the Credit Parties, and the Amended and Restated Revolving Credit Facility Note conforming to the requirements hereof and duly executed on behalf of the Borrower. 
 (b) Additional Documents. The Lender shall have received the following, each of which shall be in form and substance satisfactory to the Lender:

 (i) Evidence of the completion of all recordings and filings of or with respect to, and of all other actions with
respect to, the Security Agreement as may be necessary or, in the opinion of the Lender, desirable to create or perfect the Liens created or intended by the parties to be created by the Security Agreement as valid, continuing and perfected Liens in
favor of the Lender securing the Obligations, prior to all other Liens and evidence of the payment of any necessary fee, tax or expense relating to such recording or filing (including any filing with any United States Federal Governmental Authority
as may be required by Lender and the Assignment of Claims Act); 
 (ii) Evidence of the insurance required by the terms
of the Security Agreement, containing the endorsements required by such Security Agreement and this Agreement; and 
 (iii)
A contemporaneous search of UCC, tax, judgment and litigation dockets and records and other appropriate registers shall have revealed no filings or recordings in effect with respect to the Collateral, except Permitted Liens (it being understood
that such acceptance does not limit the obligations of the Credit Parties with respect to the priority of the Liens in favor of the Lender), and the Lender shall have received a copy of the search reports received as a result of the search and of
the acknowledgment copies of the financing statements or other instruments required to be filed or recorded pursuant to this subsection bearing evidence of the recording of such statements or instruments at each of such filing or recording places.

 (c) Guaranty. The Lender shall have received the Third Amended and Restated Continuing and Unconditional Guaranty in substantially
the form of Exhibit E (as amended, modified and supplemented from time to time, the “Guaranty”), executed and delivered by the Subsidiary Guarantors. 
  

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 (d) Capitalization. The capital structure of the Borrower and its Subsidiaries and the terms,
conditions, amounts and holders of all equity, debt and other indebtedness, obligations and liabilities of each of them, shall be satisfactory to the Lender. 
 (e) Cash Management. The Lender shall have received such evidence as it shall have requested as to the Borrower’s satisfaction of the covenants set forth in Section 5.12. 
 (f) Corporate Proceedings. The Lender shall have received certificates by the Secretary or Assistant Secretary of each Credit Party dated as of
the Closing Date as to (i) true copies of the articles of incorporation and by-laws of each Credit Party in effect on such date (which, in the case of articles of incorporation, shall be certified to be true, correct and complete by the
Secretary of State or other Governmental Authority in each Credit Party’s jurisdiction of incorporation not more than thirty (30) days before the Closing Date), (ii) true copies of all corporate action taken by each Credit
Party relative to this Agreement and the other Loan Documents and (iii) the incumbency and signature of the respective officers of each Credit Party executing this Agreement and the other Loan Documents to which such Credit Party is a
party, together with satisfactory evidence of the incumbency of such Secretary or Assistant Secretary. The Lender shall have received certificates from the appropriate Secretaries of State or other applicable Governmental Authorities dated not more
than thirty (30) days before the Closing Date showing the good standing of each Credit Party in its state of incorporation and each state listed on Schedule 3.1 hereto. 
 (g) Insurance. The Lender shall have received evidence satisfactory to it that the insurance policies required by this Agreement and the other
Loan Documents have been obtained, containing the endorsements required hereby and thereby. 
 (h) Litigation. There shall not be
pending or threatened any action, suit, proceeding or investigation by or before any Governmental Authority which would, if determined adversely, have a Material Adverse Effect. 
 (i) Compliance Certificate. The Lender shall have received a Compliance Certificate in substantially the form set forth as Exhibit F, duly
completed and signed by a Responsible Officer of the Borrower. 
 (j) Financial Statements. The Lender shall have received
(i) audited consolidated and consolidating financial statements of the Borrower (including a balance sheet and statements of income, cash flows and changes in stockholders’ equity) for the fiscal year ended December 31, 2005,
(ii) unaudited consolidated and consolidating financial statements of the Borrower (including a balance sheet and statements of income and cash flows) for the six month period ended June 30, 2006, and (iii) such other financial
information as the Lender may request, all of which shall be satisfactory to the Lender. 
 (k) Field Examination. The Lender shall
have conducted a field examination of the Borrower satisfactory to the Lender and its legal counsel, including an examination of matters relating to litigation, taxes, labor and human resources, insurance, pension liabilities, owned and leased real
estate, material contracts, debt agreements and environmental risk, and an audit of accounts receivable, inventory, accounts payable and financial controls and systems. 
  

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 (l) Working Capital. The Lender shall be satisfied that the Borrower will have sufficient working
capital. 
 (m) Contract Status Backlog Report. The Lender shall have received a contract status backlog report
prepared as of July 31, 2006. 
 (n) Officers’ Certificates. The Lender shall have received certificates from such officers
of the Credit Parties as to such matters as the Lender may reasonably request. 
 (o) Fees, Expenses, etc. All fees and other
compensation required to be paid to the Lender pursuant hereto on or prior to the Closing Date shall have been paid or received, including the One Hundred Thousand and 00/100 Dollars ($100,000.00) origination fee that was paid on or prior to
May 28, 2004. 
 (p) Accounts Receivable Aging Report. The Lender shall have received an accounts receivable aging report as of
June 30, 2006. 
 (q) No Material Adverse Change, etc. No material adverse change shall have occurred in the business,
operations, assets, properties, or condition (financial or otherwise) of the Borrower and its Subsidiaries since June 30, 2006. 
 (r)
Additional Matters. The Lender shall have received such other certificates, opinions, documents and instruments as may be reasonably requested by the Lender. All corporate and other proceedings, and all documents, instruments and other
matters in connection with the transactions contemplated by this Agreement and the other Loan Documents shall be satisfactory in form and substance to the Lender in its reasonable discretion. 
 4.2 Conditions to All Loans. 
 The obligation of the Lender to make any Loan and the obligation of the Lender to issue any Letter of Credit is subject to performance by the Credit Parties of their obligations to be performed hereunder or under the other Loan Documents on
or before the date of such Loan or issuance of such Letter of Credit, satisfaction of the conditions precedent set forth herein and in the other Loan Documents and to satisfaction of the following further conditions precedent: 
 (a) Notice. Appropriate notice of such Loan or Letter of Credit shall have been given by the Borrower as provided in Article 2 (except in the case
of a Revolving Credit Facility Loan made in accordance with the Autoborrow Service Agreement). 
 (b) Representations and Warranties.
Each of the representations and warranties made herein and in each other Loan Document (except for (i) such representations and warranties as expressly relate to an earlier date and (ii) such representations and warranties as may have
changed since the Closing Date, if the Lender has received notice of such change and such change is acceptable to the Lender) shall be true and correct in all material respects on and as of such date as if made on and as of such date, both before
and after giving effect to the Loans or Letters of Credit requested to be made or issued on such date. 
  

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 (c) No Defaults. No Default shall have occurred and be continuing on such date or after giving
effect to the Loans or Letters of Credit requested to be made or issued on such date. 
 (d) No Material Adverse Change. No material
adverse change shall have occurred in the business, assets, properties, operations, or condition (financial or otherwise) of the Borrower and its Subsidiaries since the Closing Date. 
 (e) Regulation U. If at the time the Borrower owns any “margin stock,” the Borrower shall deliver Form U-1 and take all steps
necessary to comply with Regulation U. 
 Each request by the Borrower for any Loan or Letter of Credit shall constitute a representation and
warranty by the Borrower that the conditions set forth in this Section 4.2 have been satisfied as of the date of such request. Failure of the Lender to receive notice from the Borrower to the contrary before such Loan is made or Letter of
Credit issued shall constitute a further representation and warranty by the Borrower that the conditions referred to in this Section 4.2 have been satisfied as of the date such Loan is made or such Letter of Credit issued. 
 5. AFFIRMATIVE COVENANTS. 
 Each Credit Party
hereby covenants to the Lender as follows: 
 5.1 Basic Reporting Requirements. 
 (a) Annual Audit Reports. As soon as practicable, and in any event within one hundred twenty (120) days after the close of each fiscal year,
the Borrower shall furnish to the Lender consolidated and consolidating statements of income, cash flows and changes in stockholders’ equity of the Borrower for such fiscal year and a consolidated and consolidating balance sheet of the Borrower
as of the close of such fiscal year, and notes to each, all in reasonable detail, setting forth in comparative form the corresponding figures for the preceding calendar year. Such financial statements shall be accompanied by an opinion of
Ernst & Young or any other independent certified public accountants of recognized national standing selected by the Borrower and satisfactory to the Lender. Such opinion shall be free of exceptions or qualifications not acceptable to the
Lender and in any event shall be free of any exception or qualification which is of “going concern” or like nature or which relates to a limited scope of examination. Such opinion in any event shall contain a written statement of
such accountants substantially to the effect that (i) such accountants examined such financial statements in accordance with GAAP and accordingly made such tests of accounting records and such other auditing procedures as such
accountants considered necessary in the circumstances and (ii) in the opinion of such accountants such financial statements present fairly in all material respects the financial position of the Borrower as of the end of such fiscal year
and the results of its operations and its cash flows and changes in stockholders’ equity for such fiscal year, in conformity with GAAP. 
 (b) Quarterly Consolidated and Consolidating Reports. As soon as practicable, and in any event within forty-five (45) days after the close of each fiscal quarter of each fiscal year, the Borrower shall furnish to the Lender
unaudited consolidated and consolidating statements of income and cash flows of the Borrower for such fiscal quarter and for the period 

  

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from the beginning of such fiscal year to the end of such fiscal quarter and an unaudited consolidated and consolidating balance sheet of the Borrower as of
the close of such fiscal quarter, all in reasonable detail, setting forth in comparative form the corresponding figures for the same periods or as of the same date during the preceding fiscal year. Such financial statements shall be certified by a
Responsible Officer of the Borrower as presenting fairly in all material respects the financial position of the Borrower as of the end of such fiscal quarter and the results of its operations and its cash flows for such fiscal quarter, in conformity
with GAAP (but without physical inventory), subject to normal and recurring year-end audit adjustments and the lack of complete footnotes. 
 (c) Compliance Certificates. At the same time the financial statements required by Section 5.1(a) and Section 5.1(b) are furnished to the Lender, the Borrower shall deliver to the Lender a Compliance Certificate in
substantially the form set forth as Exhibit G, duly completed and signed by a Responsible Officer of the Borrower. 
 (d) Accounts
Receivable Aging Reports. On the Closing Date and quarterly thereafter the Borrower shall provide to the Lender a billed and unbilled accounts receivable aging report which shall be delivered to the Lender within forty-five (45) days
following the last day of each fiscal quarter or at such other time as the Lender may specify in its sole and absolute discretion. 
 (e)
Certain Other Reports and Information. 
 (i) Promptly upon their becoming available, and in any event within
forty-five (45) days following the end of each calendar quarter, the Borrower shall deliver to the Lender a contract status backlog report prepared as of the last day of such quarter. 
 (ii) Promptly upon their becoming available, and in any event within forty-five (45) days following the end of each calendar
quarter, a list of all the Credit Parties’ revenue-generating contracts broken out by Credit Party, prime government contracts, government sub-contracts and commercial contracts. 
 (iii) The Borrower shall deliver to the Lender, within thirty (30) days of issuance, all accountants’ management letters
(including a management letter stamped “draft”) pertaining to, all other reports submitted by accountants in connection with any audit of, and all other reports from outside accountants with respect to, the Borrower and its
Subsidiaries (and, in any event, any independent auditors’ annual management letters, if issued, will be delivered to the Lender concurrently with the financial statements referred to in subsection (a) of this Section 5.1).

 (iv) Promptly upon their becoming available, but in no event later than sixty (60) days after the end of each
fiscal year, the Borrower shall furnish to Lender a consolidated and consolidating budget and pro forma financial statements, including income statements and cash flow projections on a quarter-to-quarter basis for the following fiscal year.

  

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 (f) Further Information. The Borrower will promptly furnish to the Lender such other information
and in such form as the Lender may reasonably request from time to time. 
 (g) Notice of Certain Events. Promptly upon becoming aware
of any of the following, the Borrower shall give the Lender notice thereof, together with a written statement of a Responsible Officer of the Borrower setting forth the details thereof and any action with respect thereto taken or proposed to be
taken by the Borrower: 
 (i) Any Default. 
 (ii) Any material adverse change in the business, assets, properties, operations or condition (financial or otherwise) of the
Borrower and its Subsidiaries. 
 (iii) Any pending action, suit, proceeding or investigation by or before any
Governmental Authority against or affecting the Borrower (or any such action, suit, proceeding or investigation threatened in writing). 
 (iv) Any material violation, breach or default by the Borrower or any of its Subsidiaries of or under any agreement or instrument material to its business, assets, properties, operations, condition, financial
or otherwise (it being expressly understood and agreed that the Borrower need not provide notice to the Lender pursuant to this Section 5.1 (i)(iv) of the termination of any such agreement or instrument in accordance with its terms).

 (v) Any Pension-Related Event. Such notice shall be accompanied by: (A) a copy of any notice, request,
return, petition or other document received by the Borrower or any Controlled Group Member from any Person, or which has been or is to be filed with or provided to any Person (including the Internal Revenue Service, the PBGC or any Plan participant,
beneficiary, alternate payee or employer representative), in connection with such Pension-Related Event, and (B) in the case of any Pension-Related Event with respect to a Plan, the most recent Annual Report (5500 Series), with
attachments thereto, and the most recent actuarial valuation report, for such Plan. 
 (vi)(A) Any Environmental Claim
made or threatened in writing against the Borrower or any of its Environmental Affiliates, or (B) the Borrower’s becoming aware of any past or present acts, omissions, events or circumstances (including any dumping, leaking,
disposition, removal, abandonment, escape, emission, discharge or release of any Environmental Concern Material at, on or under any facility or property now or previously owned, operated or leased by the Borrower, its Subsidiaries or any of their
respective Environmental Affiliates) which could form the basis of any such Environmental Claim, which Environmental Claim, in the case of either clause (A) or (B), if adversely resolved, would reasonably be expected, either individually or in
the aggregate, to have a Material Adverse Effect. 
 (vii) Any Default (as defined in either of the Note Purchase
Agreements). 
  

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 (h) Visitation; Verification. The Borrower and its Subsidiaries shall permit such Persons as the
Lender may designate from time to time to visit and inspect any of the properties of the Borrower and its Subsidiaries to examine their respective books and records and take copies and extracts therefrom and to discuss their affairs with their
directors, officers, employees and independent accountants at such times and as often as the Lender may reasonably request; provided that prior to the occurrence and continuation of an Event of Default, (i) the Lender shall
provide at least two days’ prior advance notice to the Borrower of its intention to visit or inspect any of the properties of the Borrower and its Subsidiaries; and (ii) all such visits or inspections shall be conducted during the
normal business hours of the Borrower and without undue interference with the conduct of the Borrower’s business. Prior to the occurrence and continuation of an Event of Default, the Borrower shall reimburse the Lender for actual out-of-pocket
costs and expenses of no more than two such visits or inspections in any calendar year; and any additional visits or inspections shall be at the sole cost and expense of the Lender. Following an Event of Default, the Borrower shall reimburse the
Lender for all visits or inspections. 
 The Lender shall have the right to examine and verify accounts, inventory and other properties and
liabilities of the Borrower and its Subsidiaries from time to time, and the Borrower shall cooperate with the Lender in such verification. Without limitation of the foregoing, the Borrower hereby authorizes its officers, employees and independent
accountants to discuss with the Lender the affairs of the Borrower and its Subsidiaries. 
 5.2 Payment of Loan Obligations.

 The Credit Parties will duly and punctually pay all sums to be paid to the Lender in accordance with the terms and conditions of the
Loan Documents, and will comply with, perform and observe all of the terms thereof. 
 5.3 Insurance. 
 The Borrower shall, and shall cause each of its Subsidiaries to (a) maintain with financially sound and reputable insurers insurance with
respect to its properties and business and against such liabilities, workers compensation, casualties and contingencies and of such types and in such amounts as are customary in the case of corporations engaged in the same or similar businesses or
having similar properties similarly situated and naming the Lender as an additional insured and a loss payee, (b) furnish to the Lender from time to time upon request copies of the policies under which such insurance is issued, original
certificates of insurance and such other information relating to such insurance as the Lender may reasonably request, and (c) provide such other insurance and endorsements as are required by this Agreement and the other Loan Documents.

 5.4 Payment of Taxes and Other Potential Charges and Priority Claims. 
 The Borrower shall, and shall cause each of its Subsidiaries to, pay or discharge 
 (a) on or prior to the date on which penalties attach thereto, all taxes, assessments and other governmental charges imposed upon it or any of its
properties; 
  

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 (b) on or prior to the date when due, all lawful claims of materialmen, mechanics, carriers,
warehousemen, landlords and other like Persons which, if unpaid, might result in the creation of a Lien upon any such property; and 
 (c) on
or prior to the date when due, all other lawful claims which, if unpaid, might result in the creation of a Lien upon any such property or which, if unpaid, might give rise to a claim entitled to priority over general creditors of such Credit Party
in a case under Title 11 (Bankruptcy) of the United States Code, as amended; 
 provided that unless and until foreclosure, distraint,
levy, sale or similar proceedings shall have been commenced it need not pay or discharge any such tax, assessment, charge or claim so long as (x) the validity thereof is contested in good faith and by appropriate proceedings diligently
conducted, and (y) such reserves or other appropriate provisions as may be required by GAAP shall have been made therefor. 
 5.5 Preservation of Corporate Status. 
 The Borrower shall, and shall cause each of its Subsidiaries to, maintain its
status as a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, and to be duly qualified to do business as a foreign corporation and in good standing in all jurisdictions in which
the ownership of its properties or the nature of its business or both make such qualification necessary or advisable. 
 5.6
Governmental Approvals and Filings. 
 The Borrower shall, and shall cause each of its Subsidiaries to, keep and maintain in full
force and effect all Governmental Approvals necessary in connection with execution and delivery of this Agreement or any other Loan Document, consummation of the transactions hereon or therein contemplated, performance of or compliance with the
terms and conditions hereof or thereof or to ensure the legality, validity, binding effect, enforceability or admissibility in evidence hereof or thereof. 
 5.7 Maintenance of Properties. 
 The Borrower shall, and shall cause each of its Subsidiaries
to, (a) maintain or cause to be maintained in good repair, working order and condition the properties now or hereafter owned, leased or otherwise possessed by it (and make or cause to be made all needed and proper repairs, renewals,
replacements and improvements thereto) which are necessary so that the business carried on in connection therewith may be properly conducted at all times and (b) maintain and hold in full force and effect all franchises, licenses,
permits, certificates, authorizations, qualification, accreditations and other rights, consents and approvals (whether issued, made or given by a Governmental Authority or otherwise), necessary to own and operate its properties and to carry on its
business as presently conducted and as presently planned to be conducted, except for any failure to comply with any of the foregoing which would not, either individually or in the aggregate, have a Material Adverse Effect. 
  

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 5.8 Avoidance of Other Conflicts. 
 The Borrower shall not, and shall not permit any of its Subsidiaries to, violate or be in conflict with, or be or remain subject to any liability
(contingent or otherwise) on account of any violation or conflict with 
 (a) any Law, 
 (b) its articles of incorporation or by-laws (or other constituent documents), or 
 (c) any agreement or instrument to which it is a party or by which it is a party or by which it or any of its respective properties may be subject or
bound, 
 which violation or conflict, either individually or in the aggregate, would reasonably be expected to have a Material Adverse
Effect. 
 5.9 Financial Accounting Practices 
 The Borrower shall, and shall cause each of its Subsidiaries to, make and keep books, records and accounts which, in reasonable detail, accurately and fairly reflect its transactions and dispositions of its assets and
maintain systems of internal accounting controls sufficient to provide reasonable assurances that (a) transactions are executed in accordance with management’s general or specific authorization, (b) transactions are
recorded as necessary (i) to permit preparation of financial statements in conformity with GAAP and (ii) to maintain accountability for assets, (c) access to assets is permitted only in accordance with
management’s general or specific authorization and (d) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. 

5.10 Use of Proceeds. 
 The
Borrower shall apply the proceeds of the Revolving Credit Facility Loans only for the following purposes: (a) acquisitions by the Borrower of the assets or ownership interests of any Person approved by the Lender in its sole discretion,
(b) for general corporate purposes, and (c) for working capital. The Borrower shall not use the proceeds of any Loans directly or indirectly for any unlawful purpose, in any manner inconsistent with Section 3.20, or inconsistent with
any other provision of this Agreement or any other Loan Document. 
 5.11 Additional Credit Parties. 
 As soon as practicable and in any event within 30 days after any Person becomes a direct or indirect Subsidiary of the Borrower, the Borrower shall
provide the Lender with written notice thereof setting forth information in reasonable detail describing all of the assets of such Person and shall (a) cause such Person to execute a Joinder Agreement in substantially the same form as
Exhibit H, (b) cause 100% of the capital stock of such Person to be delivered to the Lender (together with undated stock powers signed in blank) and pledged to the Lender pursuant to an appropriate pledge agreement in substantially the
form of the Pledge Agreement and otherwise in form acceptable to the Lender and (c) cause such Person to (i) if such Person has any 

  

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Subsidiaries, (A) deliver 100% of the capital stock of such Subsidiaries (together with undated stock powers signed in blank) to the Lender and
(B) execute a pledge agreement in substantially the form of the Pledge Agreement and otherwise in form acceptable to the Lender, and (ii) deliver such other documentation as the Lender may reasonably request in connection with the
foregoing, including appropriate UCC-1 financing statements, landlord’s waivers, certified resolutions and other organizational and authorizing documents of such Person and favorable opinions of counsel to such Person (which shall cover, among
other things, the legality, validity, binding effect and enforceability of the documentation referred to above), all in form, content and scope reasonably satisfactory to the Lender. 
 5.12 Maintenance of Certain Accounts with Lender. 
 The Borrower shall maintain all its primary operating accounts, including all depository accounts (time and demand), collection accounts and disbursement accounts, with the Lender. 
 5.13 Government Contracts. 
 At
the Lender’s request, documentation necessary for compliance with the Assignment of Claims Act will be executed and delivered by the appropriate Credit Parties with respect to any Government Contract which constitutes a Material Contract. In
any event, no Government Contract will be assigned pursuant to the Assignment of Claims Act to the Junior Lender (as defined in the Pequot Subordination Agreement) or any other Person; provided however, that if a Credit Party assigns to the Lender
any Government Contract pursuant to the Assignment of Claims Act, the Lender shall, subject to the Pequot Subordination Agreement and to the extent permitted by applicable law, permit the Junior Lender to be a subordinate assignee of such Government
Contract or otherwise participate, on terms reasonably acceptable to the Lender, in such assignment to the Lender. 
 5.14 Interest
Rate Swap. 
 Within 30 days after the Closing Date, after consultation with the Lender, the Borrower may enter into an interest rate
protection agreement satisfactory to the Lender for a notional amount of up to $20,000,000. The Borrower is not required to enter into such agreement with the Lender. 
 5.15 Further Assurances; Additional Requested Information. 
 The Borrower will provide to the
Lender such further assurances and additional information, reports and statements respecting its business, operations, properties and financial condition and respecting its Affiliates and investments, as the Lender may from time to time reasonably
request. 
  

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 6. NEGATIVE COVENANTS 
 Each Credit Party hereby covenants to the Lender as follows: 
 6.1 Financial Covenants.

 The Borrower hereby covenants to the Lender as follows, which covenants shall be based upon the consolidated financial statements of
the Borrower: 
 (a) Total Funded Debt to EBITDA Ratio. The Borrower will maintain on a consolidated basis at all times a Total Funded
Debt to EBITDA ratio, measured quarterly, of not greater than 3.00 to 1.00. 
 (b) Fixed Charge Coverage Ratio. The Borrower will
maintain on a consolidated basis at all times a Fixed Charge Coverage Ratio of not less than 1.20 to 1.00. 
 (c) Senior Funded Debt
Ratio. The Borrower will maintain on a consolidated basis at all times a ratio of Senior Funded Debt to EBITDA, measured quarterly, of not greater than 2.00 to 1.00. 
 The financial covenants referenced in this Section 6.1 shall be calculated and tested on a quarterly basis as of the last day of each quarter for the four fiscal quarter period then ended. Unless otherwise
defined, all financial terms used in this Section 6.1 shall have the meanings attributed to such terms in accordance with GAAP; provided however, that for the avoidance of doubt, regardless of how the Borrower’s Preferred Stock is
characterized under GAAP, such Preferred Stock shall not constitute Indebtedness, as used in this Agreement. 
 6.2 Change of
Operations. 
 The Borrower shall not, and shall not permit any of its Subsidiaries to, change the general character of its business
as conducted on the date hereof, or engage in any type of business not directly related to such business as presently and normally conducted. 
 6.3 Liens. 
 The Borrower shall not, and shall not permit any of its Subsidiaries to, create, incur, assume or suffer
to exist any Lien on any of its property, or agree, become or remain liable (contingently or otherwise) to do any of the foregoing, except for the following (“Permitted Liens”): 
 (a) Liens pursuant to the Security Documents in favor of the Lender to secure the Obligations; 
 (b) Liens securing the Junior Indebtedness (as defined in the Pequot Subordination Agreement); 
 (c) Liens arising from taxes, assessments, charges or claims described in Section 5.4 that are not yet due or that remain payable without penalty or
to the extent permitted to remain unpaid under the proviso to such Section 5.4; 
 (d) Deposits or pledges of cash or securities in the
ordinary course of business to secure (i) worker’s compensation, unemployment insurance or other social security 

  

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obligations, (ii) performance of bids, tenders, trade contracts (other than for payment of money) or leases, (iii) stay, surety or
appeal bonds, or (iv) other obligations of a like nature incurred in the ordinary course of business; 
 (e) Liens securing
Indebtedness permitted by Section 6.4(d), provided, however, that such Liens shall only extend to the property financed by the Indebtedness securing the same; 
 (f) Liens existing on the date hereof and specified on Schedule 6.3; 
 (g) Title exceptions or encumbrances granted in the ordinary course of business, affecting real property owned by the Borrower or any of its
Subsidiaries, provided that such exceptions do not in the aggregate materially detract from the value of such property of materially interfere with its use in the ordinary conduct of the Borrower’s or each Subsidiary’s business;

 (h) Liens with respect to judgments, attachments and the like which do not constitute Events of Default hereunder; and 
 (i) Liens arising from leases or subleases granted to others which do not interfere in any material respects with the business of the Borrower or its
Subsidiaries. 
 “Permitted Lien” shall in no event include any Lien imposed by, or required to be granted pursuant to,
ERISA or any Environmental Law. Nothing in this Section 6.3 shall be construed to limit any other restriction on Liens imposed by the Security Agreement or otherwise in the Loan Documents. 
 6.4 Indebtedness and Guaranty Obligations. 
 The Borrower shall not, and shall not permit any of its Subsidiaries to, create, incur, assume or suffer to exist any Indebtedness or Guaranty Obligations, or agree, become or remain liable (contingently or otherwise)
to do any of the foregoing, except: 
 (a) Indebtedness and Guaranty Obligations to or in favor of the Lender pursuant to this Agreement and
the other Loan Documents; 
 (b) The Junior Indebtedness (as defined in the Pequot Subordination Agreement); 
 (c) Indebtedness of the Borrower or any of its Subsidiaries existing on the date hereof and listed in Schedule 6.4 (and extensions, renewals and
refinancings thereof on terms no less favorable in any material respect than those existing before such extension, renewal or refinancing); 
 (d) Purchase money Indebtedness (including Capitalized Leases) hereafter incurred by the Borrower or any of its Subsidiaries to finance the purchase of fixed assets provided that (i) the total of all such Indebtedness for all
such Persons taken together shall not exceed an aggregate principal amount of $1,000,000 during any fiscal year; (ii) such 

  

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Indebtedness when incurred shall not exceed the purchase price of the assets(s) financed; and (iii) no such Indebtedness shall be refinanced for a
principal amount in excess of the principal balance outstanding thereon at the time of such refinancing; 
 (e) Intercompany Debt;

 (f) Indebtedness that is expressly subordinate to the monetary obligations arising under this Agreement pursuant to a written
subordination agreement in form and substance reasonably acceptable to the Lender; 
 (g) Contingent liabilities arising out of endorsements
of checks and other negotiable instruments for deposit or collection in the ordinary course of business; and 
 (h) To the extent not
mentioned above, accruals and accounts payable in the ordinary course of business not for borrowed money. 
 6.5 Loans, Advances and
Investments. 
 The Borrower shall not, and shall not permit any of its Subsidiaries to, make or suffer to exist or remain outstanding
any loan or advance to, or purchase, acquire or own (beneficially or of record) any stock, bonds, notes or securities of, or any partnership interest (whether general or limited) in, or any other interest in, or make any capital contribution to or
other investment in, any other Person, or agree, become or remain liable (contingently or otherwise) to do any of the foregoing, except: 
 (a) Loans and investments existing on the date hereof and listed in Schedule 6.5 (and extensions, renewals and refinancings thereof on terms no less favorable in any material respect than those existing immediately before such
extension, renewal or refinancing); 
 (b) Receivables owing to the Borrower or any of its Subsidiaries arising from sales of inventory or
services under usual and customary terms in the ordinary course of business; 
 (c) Advances to officers and employees of the Borrower to
reimburse expenses incurred by such officers and employees in the ordinary course of business; 
 (d) Intercompany Debt; 
 (e) Cash Equivalent Investments; and 
 (f)
Repurchase of not more than $1,000,000 of the Borrower’s issued and outstanding common stock on the open market. 
  

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 6.6 Dividends and Related Distributions. 
 The Borrower shall not, and shall not permit any of its Subsidiaries to, declare or make any Stock Payment, or agree, become or remain liable
(contingently or otherwise) to do any of the foregoing, except 
 (a) dividends payable to a Credit Party; and 
 (b) so long as no Event of Default has occurred and is continuing, or would occur as a result of such dividends, dividends payable to holders of
Preferred Stock in accordance with (i) the Borrower’s Certificate of Designations, Powers, Preferences and Rights of the Series A Convertible Preferred Stock dated December 9, 2003, as amended, or (ii) the Borrower’s
Certificate of Designations, Powers, Preferences and Rights of the Series B Convertible Preferred Stock, substantially in the form attached as an exhibit to the Second Note Purchase Agreement (collectively, the “Certificates of
Designation”); 
 (c) so long as no Event of Default has occurred and is continuing, or would occur as a result of such payment,
required redemption payments to holders of Preferred Stock in accordance with the Certificates of Designation; 
 (d) issue any stock upon
exercise of any warrants issued pursuant to the Note Purchase Agreements or otherwise consented to by the Lender; 
 (e) issue stock upon the
conversion of Convertible Indebtedness issued pursuant to the Note Purchase Agreements or otherwise consented to by the Lender; and 
 (f)
the repurchase of not more than $1,000,000 of the Borrower’s issued and outstanding common stock on the open market. 
 6.7
Sale-Leasebacks. 
 The Borrower shall not, and shall not permit any of its Subsidiaries to, enter into or suffer to remain in
effect any transaction to which the Borrower or any of its Subsidiaries is a party involving the sale, transfer or other disposition by the Borrower or any of its Subsidiaries of any property, with a view directly or indirectly to the leasing back
of any part of the same property or any other property used for the same or a similar purpose or purposes, or agree, become or remain liable (contingently or otherwise) to do any of the foregoing. 
 6.8 Mergers, Acquisitions, etc. 
 The Borrower shall not, and shall not permit any of its Subsidiaries to, (a) merge with or into or consolidate with any other Person, provided, however, (i) the Borrower may merge or consolidate with any of
its Subsidiaries provided that the Borrower is the surviving corporation, and (ii) any Credit Party (other than the Borrower) may merge or consolidate with any other Credit Party (other than the Borrower), (b) liquidate, wind-up,
dissolve or divide, (c) acquire any capital stock (or other equity interest) of any other Person or all or any substantial portion of the properties of any going concern or going line of business, or (d) agree, become or
remain liable (contingently or otherwise) to do any of the foregoing. 
  

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 6.9 Dispositions of Properties. 
 The Borrower shall not, and shall not permit any of its Subsidiaries to, sell, convey, assign, lease, transfer, abandon or otherwise dispose of,
voluntarily or involuntarily, any material part of its properties, or agree, become or remain liable (contingently or otherwise) to do any of the foregoing, except the Borrower and any of its Subsidiaries may sell inventory in the ordinary course of
business, sell or dispose of equipment in the ordinary course of business that is obsolete or no longer useable by or no longer useful to the Borrower or such Subsidiary in its business or sell or exchange any equipment so long as the purpose of
such sale or exchange is to acquire replacement items of equipment which are the functional equivalent of the items of equipment so sold or exchanged. 
 By way of illustration, and without limitation, it is understood that the following are dispositions of property subject to this Section 6.9: Any disposition of accounts, chattel paper or general intangibles,
with or without recourse. For purposes of this provision, any transaction involving the disposition of properties having a value in excess of Five Hundred Thousand and 00/100 Dollars ($500,000.00) shall be deemed to be material. Nothing in
this Section 6.9 shall be construed to limit any other restriction on dispositions of property imposed by the Security Agreement or otherwise in the Loan Documents. 
 6.10 Dealings with Affiliates. 
 The Borrower shall not, and shall not permit any of its
Subsidiaries to, enter into or carry out any transaction with (including purchase or lease property or services from, sell or lease property or services to, loan or advance to, or enter into, suffer to remain in existence or amend any contract,
agreement or arrangement with) any Affiliate of such Borrower or Subsidiary that is not a Credit Party, directly or indirectly, or agree, become or remain liable (contingently or otherwise) to do any of the foregoing, except: 
 (a) Officers and employees of the Borrower and its Subsidiaries may be compensated for services rendered in such capacity to the Borrower and its
Subsidiaries; provided that the board of directors of the Borrower or a Subsidiary of the Borrower (including a majority of the directors having no direct or indirect interest in such transaction) approve the same (it being understood that no
compensation shall be paid to any director of any Borrower or a Subsidiary of the Borrower for service as a director). 
 (b) Other
transactions may be entered into with Affiliates in good faith and on terms no less favorable to the Borrower or any such Subsidiary than those that could have been obtained in a comparable transaction on an arm’s-length basis from an unrelated
Person, provided that the board of directors of the Borrower or such Subsidiary (including a majority of the directors having no direct or indirect interest in such transaction) approve or ratify such transaction and determine that such terms
are no less favorable to the Borrower or such Subsidiary than those that could have been obtained in a comparable transaction on an arm’s-length basis from an unrelated Person. 
  

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 6.11 Limitation on Other Restrictions on Liens. 
 The Borrower shall not, and shall not permit any of its Subsidiaries to, enter into, become or remain subject to any agreement or instrument, except the
Loan Documents and the Junior Loan Documents (as defined in the Pequot Subordination Agreement), that would prohibit the grant of any Lien upon any of its properties. 
 6.12 Limitation on Other Restrictions on Amendment of the Loan Documents. 
 The Borrower shall
not, and shall not permit any of its Subsidiaries to, enter into, become or remain subject to any agreement or instrument, except for the Loan Documents, that would prohibit or require the consent of any Person to any amendment, modification or
supplement to any of the Loan Documents. 
 6.13 Restrictions on Transfer. 
 The Borrower shall not, and shall not permit any of its Subsidiaries to transfer, or permit the transfer, of any of the Collateral or the books and
records related to any of the Collateral to ComGlobal, Inc. 
 7. DEFAULTS 
 7.1 Events of Default. 
 An
Event of Default shall mean the occurrence or existence of one or more of the following events or conditions (for any reason, whether voluntary, involuntary or effected or required by Law): 
 (a) Any Credit Party shall fail to pay when due principal of any Loan or any Letter of Credit Reimbursement Obligation. 
 (b) Any Credit Party shall fail to pay when due interest on any Loan, any fees, indemnity or expenses, or any other amount due hereunder or under any
other Loan Document and such failure shall have continued for a period of three (3) Business Days. 
 (c) Any representation or warranty
made by any Credit Party in or pursuant to or in connection with this Agreement or any other Loan Document, or any statement made by any Credit Party in any financial statement, certificate, report, exhibit or document furnished by such Credit Party
to the Lender pursuant to or in connection with this Agreement or any other Loan Document, shall prove to have been false or misleading in any material respect as of the time when made (including by omission of material information necessary to make
such representation, warranty or statement not misleading). 
 (d) Any Credit Party shall default in the performance or observance of any of
the covenants contained in Section 5.1(h), 5.10 or 5.12 or Article 6. 
 (e) Any Credit Party shall default in the performance or observance
of any other covenant, agreement or duty under this Agreement or any other Loan Document and (i) in 

  

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the case of a default under Section 5.1 (other than as referred to in subsection (e) or (h)) such default shall have continued for a period of ten
(10) days and (ii) in the case of any other default such default shall have continued for a period of thirty (30) days following notice from the Lender. 
 (f) Any Cross-Default Event shall occur with respect to Cross-Default Obligations. As used herein, “Cross-Default Obligation” shall mean
any Indebtedness or Guaranty Obligation of a Credit Party or any agreement or instrument creating, evidencing or securing such Indebtedness or Guaranty Obligation. As used herein, “Cross-Default Event” with respect to a
Cross-Default Obligation shall mean the occurrence of any default, event or condition (other than a default, event or condition waived by the obligee of such Cross-Default Obligation) which causes or which would permit any Person or Persons to cause
or which would, with the giving of notice or the passage of time or both, permit any Person or Persons to cause all or any part of such Cross-Default Obligation to become due (by acceleration, mandatory prepayment or repurchase, or otherwise) before
its otherwise stated maturity, or failure to pay all or any part of such Cross-Default Obligation at its stated maturity. 
 (g) Any Credit
Party is in default under any contract or agreement, financial or otherwise, between such Credit Party and any other Person, involving amounts in excess of Five Hundred Thousand and 00/100 Dollars ($500,000.00), and the other party thereto
commences exercise of its rights and remedies under such contract or agreement as a consequence of such default. 
 (h) One or more judgments
for the payment of money shall have been entered against any one or more of the Credit Parties which judgment or judgments, exceed Five Hundred Thousand and 00/100 Dollars ($500,000.00) in the aggregate, and such judgment or judgments shall
have remained unvacated, undischarged and unstayed for a period of thirty (30) consecutive days. The foregoing notwithstanding the judgment against Borrower by Altus Associates, LLC issued in June, 2006 shall not be deemed an Event of Default.

 (i) One or more writs or warrants of attachment, garnishment, execution, distraint or similar process exceeding in value the aggregate
amount of Five Hundred Thousand and 00/100 Dollars ($500,000.00) shall have been issued against any one or more of the Credit Parties or any of their respective properties and shall have remained unvacated, undischarged and unstayed for a
period of thirty (30) consecutive days. 
 (j) Any Governmental Approval now or hereafter made by or with any Governmental Authority in
connection with this Agreement or any other Loan Document is not obtained or shall have ceased to be in full force and effect or shall have been modified or amended or shall have been held to be illegal or invalid, and the Lender shall have
determined (which determination shall be conclusive) that such event or condition, either individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. 
 (k) Any Security Document shall cease to be in full force and effect, or any Lien created or purported to be created in any Collateral pursuant to any
Security Document shall fail to be a valid, enforceable and perfected Lien in favor of the Lender securing the Obligations, prior to all other Liens, or the Borrower or any Governmental Authority shall assert any of the foregoing. 
  

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 (l) Any Loan Document or term or provision thereof shall cease to be in full force and effect (except in
accordance with the express terms of such Loan Document), or any Credit Party shall, or shall purport to, terminate (except in accordance with the terms of such Loan Document), repudiate, declare voidable or void, or otherwise contest the legality,
validity, binding effect or enforceability of, any Loan Document or any term or provision thereof, or any obligation or liability of the Borrower thereunder. 
 (m) Any one or more Pension-Related Events referred to in subsection (a)(ii), (b) or (e) of the definition of “Pension-Related Event” shall have occurred; or any one or more other
Pension-Related Events shall have occurred and the Lender shall determine (which determination shall be conclusive) that such other Pension-Related Events would reasonably be expected, either individually or in the aggregate, to have a Material
Adverse Effect. 
 (n) A proceeding shall have been instituted in respect of any Credit Party: 
 (i) seeking to have an order for relief entered in respect of such Credit Party, or seeking a declaration or entailing a finding
that such Credit Party is insolvent or a similar declaration or finding, or seeking dissolution, winding-up, charter revocation or forfeiture, liquidation, reorganization, arrangement, adjustment, composition or other similar relief with respect to
such Credit Party its assets or its debts under any Law relating to bankruptcy, insolvency, relief of debtors or protection of creditors, termination of legal entities or any other similar Law now or hereafter in effect, or 
 (ii) seeking appointment of a receiver, trustee, liquidator, assignee, sequestrator or other custodian for such Credit Party or for
all or any substantial part of its property, 
 and such proceeding shall result in the entry, making or grant of any such order for relief, declaration,
finding, relief or appointment, or such proceeding shall remain undismissed and unstayed for a period of sixty (60) consecutive days. 
 (o) Any Credit Party shall become insolvent; shall fail to pay, become unable to pay, or state that it is or will be unable to pay, its debts as they become due; shall voluntarily suspend transaction of its business; shall make a general
assignment for the benefit of creditors; shall institute (or fail to controvert in a timely and appropriate manner) a proceeding described in Section 7.1(n)(i), or (whether or not any such proceeding has been instituted) shall consent to or
acquiesce in any such order for relief, declaration, finding or relief described therein; shall institute (or fail to controvert in a timely and appropriate manner) a proceeding described in Section 7.1(n)(ii), or (whether or not any such
proceeding has been instituted) shall consent to or acquiesce in any such appointment or to the taking of possession by any such custodian of all or any substantial part of its property; shall dissolve, wind-up, revoke or forfeit its charter or
liquidate itself or any substantial part of its property; or shall take any action in furtherance of any of the foregoing. 
  

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 (p) A Change of Control shall have occurred. 
 (q)(i) A notice of debarment, notice of suspension or notice of termination for default shall have been issued under any Government Contract;
(ii) the Borrower is barred or suspended from contracting with any part of the Government; (iii) a Government investigation shall have been commenced in connection with any Government Contract or the Borrower which could
reasonably result in criminal or civil liability, suspension, debarment, or any other adverse administrative action arising by reason of alleged fraud, willful misconduct, neglect, default or other wrongdoing; (iv) the actual termination
of any Material Contract due to alleged fraud, willful misconduct, neglect, default or any other wrongdoing; or (v) a cure notice issued under any Government Contract shall remain uncured beyond (A) the expiration of the time
period available to the Borrower pursuant to such Government Contract and/or such cure notice, to cure the noticed default, or (B) the date on which the other contracting party is entitled to exercise its rights and remedies under the
Government Contract as a consequence of such default. 
 (r) An event shall have occurred which gives the Lender the right or option to
terminate any Swap Contract. 
 (s) An event or condition shall have occurred which the Lender reasonably believes creates a Material Adverse
Effect. 
 7.2 Consequences of an Event of Default. 
 (a) If an Event of Default specified in any subsection of Section 7.1 (other than subsection (n) and (o)) shall occur and be continuing or shall
exist, then, in addition to all other rights and remedies which the Lender may have hereunder or under any other Loan Document, at law, in equity or otherwise, the Lender shall be under no further obligation to make Loans or issue Letters of Credit
hereunder, and the Lender may by notice to the Credit Parties, from time to time do any or all of the following: 
 (i)
Declare the Commitments terminated, whereupon the Commitments will terminate and any fees hereunder shall be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are hereby waived, and an
action therefor shall immediately accrue. 
 (ii) Declare the unpaid principal amount of the Loans, interest accrued
thereon and all other Obligations to be immediately due and payable without presentment, demand, protest or further notice of any kind, all of which are hereby waived, and an action therefor shall immediately accrue. 
 (iii) Terminate any Swap Contract or exercise any rights provided thereunder or in connection therewith. 
 (iv) Exercise any and all other rights and remedies under this Agreement or the other Loan Documents as the Lender may then have
hereunder or thereunder, at law, in equity or otherwise. 
  

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 (b) If an Event of Default specified in subsection (n) or (o) of Section 7.1 shall occur
or exist, then, in addition to all other rights and remedies which the Lender may have hereunder or under any other Loan Document, at law, in equity or otherwise, the Commitments shall automatically terminate and the Lender shall be under no further
obligation to make Loans or issue Letters of Credit, and the unpaid principal amount of the Loans, interest accrued thereon and all other Obligations shall become immediately due and payable without presentment, demand, protest or notice of any
kind, all of which are hereby waived, and an action therefor shall immediately accrue. 
 (c) If an Event of Default shall occur, at the
Lender’s request, the Credit Parties shall provide the Lender with cash collateral in the aggregate amount of Letter of Credit Undrawn Availability for all Letters of Credit. 
 8. MISCELLANEOUS. 
 8.1 Holidays. 
 Whenever any payment or action to be made or taken hereunder or under any other Loan Document shall be stated to be due on a day which is not a Business
Day, such payment or action shall be made or taken on the next following Business Day and such extension of time shall be included in computing interest or fees, if any, in connection with such payment or action. 
 8.2 Records. 
 The
Lender’s Revolving Credit Facility Committed Amount, the unpaid principal amount of the Loans, Letter of Credit Obligations, the unpaid interest accrued thereon, the interest rate or rates applicable to such unpaid principal amount, the
duration of such applicability, the Revolving Unused Fee and the Letter of Credit Fee shall at all times be ascertained from the records of the Lender, which shall be conclusive absent manifest error. 
 8.3 Amendments and Waivers. 
 Neither this Agreement nor any other Loan Document may be amended, modified or supplemented except in writing signed by the Lender and the Credit Parties that are a party to such agreement and shall be effective only to the extent set forth
in such writing, Any Default waived or consented to in any such waiver, amendment, modification or supplement shall be deemed to be cured and not continuing to the extent and for the period set forth in such waiver or consent, but no such waiver or
consent shall extend to any other or subsequent Default or impair any right consequent thereto. 
 8.4 No Implied Waiver; Cumulative
Remedies. 
 No course of dealing and no delay or failure of the Lender in exercising any right, power or privilege under this
Agreement or any other Loan Document shall affect any other or future exercise thereof or exercise of any other right, power or privilege; nor shall any single or partial exercise of any such right, power or privilege or any abandonment or
discontinuance of steps to enforce such a right, power or privilege preclude any further exercise thereof or of any other right, power or privilege. The rights and remedies of the Lender under this Agreement and any other Loan Document are
cumulative and not exclusive of any rights or remedies which the Lender would otherwise have hereunder or thereunder, at law, in equity or otherwise. 
  

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 8.5 Notices. 
 (a) Except to the extent otherwise expressly permitted hereunder or thereunder, all notices, requests, demands, directions and other communications (collectively “notices”) under this Agreement or any
other Loan Document shall be in writing (including telecopied communication) and shall be sent by first-class mail, or by nationally-recognized overnight courier, or by telecopier (with confirmation in writing mailed first-class or sent by such an
overnight courier), or by personal delivery. All notices shall be sent to the applicable party at the address stated on the signature pages hereof or in accordance with the last unrevoked written direction from such party to the other parties
hereto, in all cases with postage or other charges prepaid. Notices to the Subsidiary Guarantors shall be given by giving such notice to the Borrower at the Borrower’s address. Any such properly given notice shall be effective on the earliest
to occur of receipt, telephone confirmation of receipt of telecopy communication, one (1) Business Day after delivery to a nationally-recognized overnight courier, or three (3) Business Days after deposit in the mail. 
 (b) The Lender may rely on any notice (whether or not such notice is made in a manner permitted or required by this Agreement or any other Loan Document)
purportedly made by or on behalf of any Credit Party, and the Lender shall not have any duty to verify the identity or authority of any Person giving such notice. 
 8.6 Expenses; Taxes; Indemnity. 
 (a) The Borrower agrees to pay or cause to be paid and to
save the Lender harmless against liability for the payment of all reasonable out-of-pocket costs and expenses (including reasonable and documented fees and expenses of outside counsel, including local counsel, auditors, appraisers, and all other
professional, accounting, evaluation and consulting costs) incurred by the Lender from time to time arising from or relating to (i) the negotiation, preparation, execution, delivery, administration and performance of this Agreement and
the other Loan Documents, (ii) any amendments, modifications, supplements, waivers or consents requested by the Borrower (whether or not ultimately entered into or granted) to this Agreement or any other Loan Document, and
(iii) the preservation and, following an Event of Default, enforcement of rights under this Agreement or any other Loan Document (including any such costs or expenses arising from or relating to (A) the creation, perfection
or protection of the Lender’s Lien on any Collateral, (B) the protection, collection, lease, sale, taking possession of, preservation of, or realization on, any Collateral, including advances for storage, insurance premiums,
transportation charges, taxes, filing fees and the like, (C) collection or enforcement of any outstanding Loan or any other amount owing by the Credit Parties hereunder or thereunder by the Lender, and (D) any litigation,
proceeding, dispute, work-out, restructuring or rescheduling related in any way to this Agreement or the other Loan Documents). 
 (b) The
Borrower hereby agrees to pay all stamp, document, transfer, recording, filing, registration, search, sales and excise fees and taxes and all similar impositions 

  

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now or hereafter payable in connection with this Agreement or any other Loan Documents or any other documents, instruments or transactions pursuant to or in
connection herewith or therewith, and the Borrower agrees to save the Lender harmless from and against any and all present or future claims. liabilities or losses with respect to or resulting from any omission to pay or delay in paying any such
fees, taxes or impositions. 
 (c) The Borrower hereby agrees to reimburse and indemnify each of the Indemnified Parties from and against any
and all losses, liabilities, claims, damages, expenses, obligations, penalties, actions, judgments, suits, costs or disbursements of any kind or nature whatsoever (including the reasonable and documented fees and disbursements of counsel for such
Indemnified Party in connection with any investigative, administrative or judicial proceeding commenced or threatened, whether or not such Indemnified Party shall be designated a party thereto) that may at any time be imposed on, asserted against or
incurred by such Indemnified Party as a result of, or arising out of, or in any way related to or by reason of, this Agreement or any other Loan Document, any transaction from time to time contemplated hereby or thereby, or any transaction financed
in whole or in part or directly or indirectly with the proceeds of any Loan or Letter of Credit (and without in any way limiting the generality of the foregoing, including any grant of any Lien on any Collateral or any exercise by the Lender of any
of its rights or remedies under this Agreement or any other Loan Document) or any Swap Contract; but excluding any related income or franchise taxes and such losses, liabilities, claims, damages, expenses, obligations, penalties, actions, judgments,
suits, costs or disbursements to the extent resulting from the gross negligence or willful misconduct of such Indemnified Party, as finally determined by a court of competent jurisdiction. If and to the extent that the foregoing obligations of the
Borrower under this subsection (c), or any other indemnification obligation of the Borrower hereunder or under any other Loan Document or any Swap Contract, are unenforceable for any reason, the Borrower hereby agrees to make the maximum
contribution to the payment and satisfaction of such obligations which is permissible under applicable Law. 
 8.7 Severability.

 The provisions of this Agreement are intended to be severable. If any provision of this Agreement shall be held invalid or
unenforceable in whole or in part in any jurisdiction such provision shall, as to such jurisdiction, be ineffective to the extent of such invalidity or unenforceability without in any manner affecting the validity or enforceability thereof in any
other jurisdiction or the remaining provisions hereof in any jurisdiction. 
 8.8 Prior Understandings. 
 This Agreement and the other Loan Documents supersede all prior and contemporaneous understandings and agreements, whether written or oral, among the
parties hereto relating to the transactions provided for herein and therein. 
 8.9 Duration; Survival. 
 All representations and warranties of the Credit Parties contained herein or in any other Loan Document or made in connection herewith or therewith shall
survive the making of, and 

  

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shall not be waived by the execution and delivery of, this Agreement or any other Loan Document, any investigation by or knowledge of the Lender, the making
of any Loan, or any other event or condition whatever. All covenants and agreements of the Credit Parties contained herein or in any other Loan Document shall continue in full force and effect from and after the date hereof so long as the Borrower
may borrow hereunder and until payment in full of all Obligations. Without limitation, all obligations of the Credit Parties hereunder or under any other Loan Document to make payments to or indemnify the Lender shall survive the payment in full of
all other Obligations, termination of the Borrower’s right to borrow hereunder, the assignment by the Lender of all of its rights and obligations under this Agreement, and all other events and conditions whatever. 
 8.10 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, shall be deemed an original, but all such counterparts shall constitute but one and the same
instrument. 
 8.11 Limitation on Payments. 
 The parties hereto intend to conform to all applicable Laws in effect from time to time limiting the maximum rate of interest that may be charged or collected. Accordingly, notwithstanding any other provision hereof
or of any other Loan Document, the Borrower shall not be required to make any payment to or for the account of the Lender, and the Lender shall refund any payment made by the Borrower, to the extent that such requirement or such failure to refund
would violate or conflict with non-waivable provisions of applicable Laws limiting the maximum amount of interest which may be charged or collected by the Lender. 
 8.12 Set-Off. 
 Each Credit Party hereby agrees that if any Obligation of such Credit Party
shall be due and payable (by acceleration or otherwise), and such Credit Party shall fail to pay the same beyond any cure period with respect thereto, the Lender shall have the right, without notice to such Credit Party, to set-off against and to
appropriate and apply to such Obligation any indebtedness, liability or obligation of any nature owing to such Credit Party by the Lender, including all deposits (whether time or demand, general or special, provisionally credited or finally
credited, whether or not evidenced by a certificate of deposit) now or hereafter maintained by such Credit Party with the Lender, in each case to the maximum extent permitted by Law. Such right shall be absolute and unconditional in all
circumstances and, without limitation, shall exist whether or not the Lender or any other Person shall have given notice or made any demand to such Credit Party or any other Person, whether such indebtedness, obligation or liability owed to such
Credit Party is contingent, absolute, matured or unmatured (it being agreed that the Lender may deem such indebtedness, obligation or liability to be then due and payable at the time of such setoff), and regardless of the existence or adequacy of
any collateral, guaranty or any other security, right or remedy available to the Lender or any other Person. The Lender agrees promptly to notify such Credit Party after any such set-off and application made by the Lender; provided,
however, that the failure to give such notice shall not effect the validity of set-off application. Each Credit Party hereby agrees that any branch, 

  

 52 

 
subsidiary or affiliate of the Lender shall have the same rights of set-off as the Lender as provided in this Section 8.12 (regardless of whether such
branch, subsidiary or affiliate would otherwise be deemed in privity with or a direct creditor of such Credit Party). The rights provided by this Section 8.12 are in addition to all other rights of set-off and banker’s lien and all other
rights and remedies which the Lender (or any such branch, subsidiary or affiliate) may otherwise have under this Agreement, any other Loan Document, at law or in equity, or otherwise, and nothing in this Agreement or any other Loan Document shall be
deemed a waiver or prohibition of or restriction on the rights of set-off or banker’s lien of any such Person. 
 8.13 Successors
and Assigns; Assignments. 
 (a) Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the
Credit Parties, the Lender, all future holders of the Note, and their respective successors and assigns, except that the Credit Parties may not assign or transfer any of their rights hereunder or interests herein without the prior written consent of
all the Lender, and any purported assignment without such consent shall be void. 
 (b) Assignments. The Lender may at any time assign
all or a portion of its rights and obligations under this Agreement and the other Loan Documents (including all or any portion of its Commitments and Loans owing to it and any Note held by it) to any Person. Upon such assignment, the purchasing
Lender shall be a party hereto and shall have the rights and obligations of the Lender hereunder, and the Lender shall be released from its obligations under this Agreement to the extent so transferred (and, in the case of an assignment covering all
or the remaining portion of the Lender’s rights and obligations under this Agreement, the Lender shall cease to be a party to this Agreement). 
 (c) Financial and Other Information. The Credit Parties authorize the Lender to disclose to any transferee and any prospective transferee any and all financial and other information in its possession concerning the Credit Parties and
affiliates which has been or may be delivered to it by or on behalf of the Credit Parties in connection with this Agreement or any other Loan Document or its credit evaluation of the Credit Parties. 
 8.14 Materiality. 
 Unless the
context clearly indicates to the contrary, determinations regarding the materiality of any act, event, condition or circumstance shall be in the reasonable judgment of the Lender. 
 8.15 Governing Law; Arbitration: Waiver of Jury Trial; Limitation of Liability. 
 (a) Governing Law. 
 THIS AGREEMENT AND ALL
OTHER LOAN DOCUMENTS (EXCEPT TO THE EXTENT, IF ANY, OTHERWISE EXPRESSLY STATED IN SUCH OTHER LOAN DOCUMENTS) SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE COMMONWEALTH OF VIRGINIA, WITHOUT REGARD TO CHOICE OF
LAW PRINCIPLES. 
  

 53 

 (b) Arbitration; Jury Trial Waiver. 
 (i) This paragraph concerns the resolution of any controversies or claims between the parties, whether arising in contract, tort or by
statute, including but not limited to controversies or claims that arise out of or relate to: (A) this agreement (including any renewals, extensions or modifications); or (B) any document related to this agreement (collectively a
“Claim”). For the purposes of this arbitration provision only, the term “parties” shall include any parent corporation, subsidiary or affiliate of the Bank involved in the servicing, management or administration of any obligation
described or evidenced by this agreement. 
 (ii) At the request of any party to this agreement, any Claim shall be resolved
by binding arbitration in accordance with the Federal Arbitration Act (Title 9, U.S. Code) (the “Act”). The Act will apply even though this agreement provides that it is governed by the law of a specified state. The arbitration will take
place on an individual basis without resort to any form of class action. 
 (iii) Arbitration proceedings will be determined
in accordance with the Act, the then-current rules and procedures for the arbitration of financial services disputes of the American Arbitration Association or any successor thereof (“AAA”), and the terms of this paragraph. In the event of
any inconsistency, the terms of this paragraph shall control. If AAA is unwilling or unable to (A) serve as the provider of arbitration or (B) enforce any provision of this arbitration clause, any party to this agreement may substitute
another arbitration organization with similar procedures to serve as the provider of arbitration. 
 (iv) The arbitration
shall be administered by AAA and conducted, unless otherwise required by law, in any U.S. state where real or tangible personal property collateral for this credit is located or if there is no such collateral, in the Commonwealth of Virginia. All
Claims shall be determined by one arbitrator; however, if Claims exceed Five Million Dollars ($5,000,000), upon the request of any party, the Claims shall be decided by three arbitrators. All arbitration hearings shall commence within ninety
(90) days of the demand for arbitration and close within ninety (90) days of commencement and the award of the arbitrator(s) shall be issued within thirty (30) days of the close of the hearing. However, the arbitrator(s), upon a
showing of good cause, may extend the commencement of the hearing for up to an additional sixty (60) days. The arbitrator(s) shall provide a concise written statement of reasons for the award. The arbitration award may be submitted to any court
having jurisdiction to be confirmed, judgment entered and enforced. 
  

 54 

 (v) The arbitrator(s) will give effect to statutes of limitation in determining any Claim
and may dismiss the arbitration on the basis that the Claim is barred. For purposes of the application of the statute of limitations, the service on AAA under applicable AAA rules of a notice of Claim is the equivalent of the filing of a lawsuit.
Any dispute concerning this arbitration provision or whether a Claim is arbitrable shall be determined by the arbitrator(s). The arbitrator(s) shall have the power to award legal fees pursuant to the terms of this agreement. 
 (vi) This paragraph does not limit the right of any party to: (A) exercise self-help remedies, such as but not limited to, setoff;
(B) initiate judicial or non-judicial foreclosure against any real or personal property collateral; (C) exercise any judicial or power of sale rights, or (D) act in a court of law to obtain an interim remedy, such as but not limited
to, injunctive relief, writ of possession or appointment of a receiver, or additional or supplementary remedies. 
 (vii) The
filing of a court action is not intended to constitute a waiver of the right of any party, including the suing party, thereafter to require submittal of the Claim to arbitration. 
 (viii) By agreeing to binding arbitration, the parties irrevocably and voluntarily waive any right they may have to a trial by jury in
respect of any Claim. Furthermore, without intending in any way to limit this agreement to arbitrate, to the extent any Claim is not arbitrated, the parties irrevocably and voluntarily waive any right they may have to a trial by jury in respect of
such Claim. This provision is a material inducement for the parties entering into this agreement. 
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blank] 
  

 55 

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

					
	BORROWER:	 	
		
	ANALEX CORPORATION	 	
			
	By:	 	 /s/ C. Wayne Grubbs
	 	(SEAL)
	Name:	 	C. Wayne Grubbs	 	
	Title:	 	SVP, CFO and Treasurer	 	
		
	 ADDRESS FOR NOTICES TO BORROWER
 AND SUBSIDIARY GUARANTORS:
	 	
		
	2677 Prosperity Avenue	 	
	Suite 400	 	
	Fairfax, Virginia 22031	 	
	Tel: 703-852-4000	 	
	Fax: 703-852-2203	 	
		
	SUBSIDIARY GUARANTORS:	 	
		
	BETA ANALYTICS, INCORPORATED	 	
			
	By:	 	 /s/ C. Wayne Grubbs
	 	(SEAL)
	Name:	 	C. Wayne Grubbs	 	
	Title:	 	Treasurer	 	
		
	COMGLOBAL SYSTEMS, INCORPORATED	 	
			
	By:	 	 /s/ C. Wayne Grubbs
	 	(SEAL)
	Name:	 	C. Wayne Grubbs	 	
	Title:	 	Treasurer	 	
	
	COMGLOBAL INFORMATION TECHNOLOGY, INC.
			
	By:	 	 /s/ C. Wayne Grubbs
	 	(SEAL)
	Name:	 	C. Wayne Grubbs	 	
	Title:	 	Treasurer	 	

  

 56 

					
	LENDER:	 	
		
	BANK OF AMERICA, N.A.	 	
			
	 By:
	 	 /s/ Jessica L. Tencza Shaner
	 	 (SEAL)
  

	 Name:
	 	 Jessica L. Tencza Shaner
	 	
	 Title:
	 	 Vice President
	 	
		
	ADDRESS FOR NOTICES TO LENDER:	 	
		
	8300 Greensboro Drive	 	
	Mezzanine	 	
	McLean, Virginia 22102	 	
	Attn: Commercial Banking	 	
	Tel: (703) 761-8558	 	
	Fax: (703) 761-8118	 	

  

 57 

 INDEX OF EXHIBITS AND SCHEDULES 
  

					
	 EXHIBITS
	  		  	
			
	 EXHIBIT A
	  	-  	  	Form of Revolving Credit Facility Note
	 EXHIBIT B
	  	-  	  	Pricing Grid
	 EXHIBIT C
	  	-  	  	INTENTIONALLY DELETED
	 EXHIBIT D
	  	-  	  	First Amendment to Pledge Agreement and Second Amendment to Pledge Agreement
	 EXHIBIT E
	  	-  	  	Form of Guaranty
	 EXHIBIT F
	  	-  	  	Pequot Subordination Agreement
	 EXHIBIT G
	  	-  	  	Form of Compliance Certificate
	 EXHIBIT H
	  	-  	  	Form of Joinder Agreement
			
	 SCHEDULES
	  		  	
			
	 SCHEDULE 3.1
	  	-  	  	Corporate Existence and Qualification
	 SCHEDULE 3.6
	  	-  	  	Material Contracts
	 SCHEDULE 3.9
	  	-  	  	Litigation and Proceedings
	 SCHEDULE 3.13
	  	-  	  	Intellectual Property
	 SCHEDULE 3.14
	  	-  	  	Existing and Pending Defaults
	 SCHEDULE 3.16
	  	-  	  	Office Locations; Leases
	 SCHEDULE 3.17
	  	-  	  	Labor Relations
	 SCHEDULE 3.19
	  	-  	  	Subsidiaries
	 SCHEDULE 6.3
	  	-  	  	Liens
	 SCHEDULE 6.4
	  	-  	  	Indebtedness
	 SCHEDULE 6.5
	  	-  	  	Loans, Advances and Investments

  

 58

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