Document:

exv10w1

Exhibit 10.1

EXECUTION COPY

AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

Dated as of May 6, 2011

among

ENERGIZER HOLDINGS, INC.

THE INSTITUTIONS FROM TIME TO TIME

PARTIES HERETO AS LENDERS

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent,

BANK OF AMERICA, N.A. and THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.

as Co-Syndication Agents

and

CITIBANK, N.A. and SUNTRUST BANK,

as Co-Documentation Agents

J.P. MORGAN SECURITIES LLC, MERRILL LYNCH, PIERCE, FENNER & SMITH

INCORPORATED and THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,

as Co-Lead Arrangers and Joint Bookrunners

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 
	TABLE OF CONTENTS	 
	 
	 
	 	 	Page	 
	 
	 	 	 	 
	ARTICLE I:
	 	 	 	 
	DEFINITIONS
	 	 	1	 
	 
	 	 	 	 
	1.1 Certain Defined Terms
	 	 	1	 
	1.2 References
	 	 	28	 
	 
	 	 	 	 
	ARTICLE II:
	 	 	 	 
	THE REVOLVING LOAN FACILITY
	 	 	29	 
	 
	 	 	 	 
	2.1 Revolving Loans
	 	 	29	 
	2.2 Swing Line Loans
	 	 	30	 
	2.3 Rate Options for all Advances; Maximum Interest Periods
	 	 	32	 
	2.4 Optional Payments
	 	 	32	 
	2.5 Reduction of Revolving Loan Commitments; Expansion Option
	 	 	32	 
	2.6 Method of Borrowing
	 	 	34	 
	2.7 Method of Selecting Types and Interest Periods for Advances
	 	 	34	 
	2.8 Minimum Amount of Each Advance
	 	 	35	 
	2.9 Method of Selecting Types and Interest Periods for Conversion and Continuation of
Advances
	 	 	35	 
	2.10 Default Rate
	 	 	36	 
	2.11 Method of Payment
	 	 	36	 
	2.12 Evidence of Debt; Noteless Agreement
	 	 	37	 
	2.13 Telephonic Notices
	 	 	37	 
	2.14 Promise to Pay; Interest and Facility Fees; Interest Payment Dates; Interest and Fee
Basis; Loan and Control Accounts
	 	 	38	 
	2.15 Notification of Advances, Interest Rates, Prepayments and Aggregate Revolving Loan
Commitment Reductions
	 	 	39	 
	2.16 Lending Installations
	 	 	39	 
	2.17 Non-Receipt of Funds by the Administrative Agent
	 	 	39	 
	2.18 Termination Date
	 	 	40	 
	2.19 Replacement of Certain Lenders
	 	 	40	 
	 
	 	 	 	 
	ARTICLE III:
	 	 	 	 
	THE LETTER OF CREDIT FACILITY
	 	 	41	 
	 
	 	 	 	 
	3.1 Obligation to Issue Letters of Credit
	 	 	41	 
	3.2 Transitional Letters of Credit
	 	 	41	 
	3.3 Types and Amounts
	 	 	41	 
	3.4 Conditions
	 	 	41	 
	3.5 Procedure for Issuance of Letters of Credit
	 	 	42	 
	3.6 Letter of Credit Participation
	 	 	42	 

i

 

	 	 	 	 	 
	 
	TABLE OF CONTENTS
(continued)	 
	 
	 	 	Page	 
	 
	 	 	 	 
	3.7 Reimbursement Obligation
	 	 	43	 
	3.8 Letter of Credit Fees
	 	 	43	 
	3.9 Issuing Bank Reporting Requirements
	 	 	44	 
	3.10 Indemnification; Exoneration
	 	 	44	 
	3.11 Cash Collateral
	 	 	45	 
	 
	 	 	 	 
	ARTICLE IV:
	 
	YIELD PROTECTION; TAXES
	 	 	45	 
	 
	 	 	 	 
	4.1 Yield Protection
	 	 	45	 
	4.2 Changes in Capital Adequacy Regulations
	 	 	46	 
	4.3 Availability of Types of Advances
	 	 	46	 
	4.4 Funding Indemnification
	 	 	47	 
	4.5 Taxes
	 	 	47	 
	4.6 Lender Statements; Survival of Indemnity
	 	 	49	 
	ARTICLE V:
	 
	CONDITIONS PRECEDENT
	 	 	49	 
	 
	 	 	 	 
	5.1 Initial Advances and Letters of Credit
	 	 	49	 
	5.2 Each Advance and Letter of Credit
	 	 	51	 
	 
	 	 	 	 
	ARTICLE VI:
	 
	REPRESENTATIONS AND WARRANTIES
	 	 	51	 
	 
	 	 	 	 
	6.1 Organization; Corporate Powers
	 	 	51	 
	6.2 Authority
	 	 	52	 
	6.3 No Conflict; Governmental Consents
	 	 	52	 
	6.4 Financial Statements
	 	 	53	 
	6.5 No Material Adverse Change
	 	 	53	 
	6.6 Taxes
	 	 	53	 
	6.7 Litigation; Loss Contingencies and Violations
	 	 	54	 
	6.8 Subsidiaries
	 	 	54	 
	6.9 ERISA
	 	 	55	 
	6.10 Accuracy of Information
	 	 	55	 
	6.11 Securities Activities
	 	 	56	 
	6.12 Material Agreements
	 	 	56	 
	6.13 Compliance with Laws
	 	 	56	 
	6.14 Assets and Properties
	 	 	56	 
	6.15 Statutory Indebtedness Restrictions
	 	 	56	 
	6.16 Insurance
	 	 	57	 
	6.17 Labor Matters
	 	 	57	 
	6.18 Environmental Matters
	 	 	57	 
	6.19 Solvency
	 	 	58	 
	6.20 Benefits
	 	 	58	 

ii

 

	 	 	 	 	 
	 
	TABLE OF CONTENTS
(continued)	 
	 
	 	 	Page	 
	 
	 	 	 	 
	ARTICLE VII:
	 
	COVENANTS
	 	 	58	 
	 
	 	 	 	 
	7.1 Reporting
	 	 	58	 
	7.2 Affirmative Covenants
	 	 	61	 
	7.3 Negative Covenants
	 	 	64	 
	7.4 Financial Covenants
	 	 	71	 
	 
	 	 	 	 
	ARTICLE VIII:
	 
	DEFAULTS
	 	 	72	 
	 
	 	 	 	 
	8.1 Defaults
	 	 	72	 
	 
	 	 	 	 
	ARTICLE IX:
	 
	ACCELERATION, DEFAULTING LENDERS; WAIVERS, AMENDMENTS AND REMEDIES
	 	 	75	 
	 
	 	 	 	 
	9.1 Termination of Revolving Loan Commitments; Acceleration
	 	 	75	 
	9.2 Defaulting Lender
	 	 	75	 
	9.3 Amendments
	 	 	77	 
	9.4 Preservation of Rights
	 	 	79	 
	 
	 	 	 	 
	ARTICLE X:
	 
	GENERAL PROVISIONS
	 	 	79	 
	 
	 	 	 	 
	10.1 Survival of Representations
	 	 	79	 
	10.2 Governmental Regulation
	 	 	79	 
	10.3 Performance of Obligations
	 	 	80	 
	10.4 Headings
	 	 	80	 
	10.5 Entire Agreement
	 	 	80	 
	10.6 Several Obligations; Benefits of this Agreement
	 	 	80	 
	10.7 Expenses; Indemnification
	 	 	81	 
	10.8 Numbers of Documents
	 	 	83	 
	10.9 Accounting
	 	 	83	 
	10.10 Severability of Provisions
	 	 	83	 
	10.11 Nonliability of Lenders
	 	 	83	 
	10.12 GOVERNING LAW
	 	 	84	 
	10.13 CONSENT TO JURISDICTION; JURY TRIAL
	 	 	84	 
	10.14 Subordination of Intercompany Indebtedness
	 	 	85	 
	 
	 	 	 	 
	ARTICLE XI:
	 
	THE ADMINISTRATIVE AGENT
	 	 	86	 
	 
	 	 	 	 
	11.1 Appointment and Authorization
	 	 	86	 
	11.2 Administrative Agent and Affiliates
	 	 	86	 

iii

 

	 	 	 	 	 
	TABLE OF CONTENTS
(continued)	 
	 
	 	 	Page	 
	11.3 Action by Administrative Agent and Liability of Administrative Agent
	 	 	87	 
	11.4 Reliance on Documents and Counsel
	 	 	87	 
	11.5 Employment of Agents
	 	 	87	 
	11.6 Indemnification
	 	 	88	 
	11.7 Successor Agent
	 	 	88	 
	11.8 Credit Decision
	 	 	88	 
	11.9 Administrative Agent, Arrangers, Co-Syndication Agents, Co-Documentation Agents
	 	 	88	 
	 
	 	 	 	 
	ARTICLE XII:
	 
	SETOFF; RATABLE PAYMENTS
	 	 	89	 
	 
	 	 	 	 
	12.1 Setoff
	 	 	89	 
	12.2 Ratable Payments
	 	 	89	 
	12.3 Application of Payments
	 	 	89	 
	12.4 Relations Among Lenders
	 	 	90	 
	12.5 Representations and Covenants Among Lenders
	 	 	91	 
	 
	 	 	 	 
	ARTICLE XIII:
	 
	BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS
	 	 	91	 
	 
	 	 	 	 
	13.1 Successors and Assigns
	 	 	91	 
	13.2 Participations
	 	 	91	 
	13.3 Assignments
	 	 	92	 
	13.4 Confidentiality
	 	 	94	 
	13.5 Dissemination of Information
	 	 	95	 
	13.6 Tax Treatment
	 	 	95	 
	 
	 	 	 	 
	ARTICLE XIV:
	 
	NOTICES
	 	 	95	 
	 
	 	 	 	 
	14.1 Giving Notice
	 	 	95	 
	14.2 Change of Address
	 	 	96	 
	 
	 	 	 	 
	ARTICLE XV:
	 
	COUNTERPARTS
	 	 	96	 
	 
	 	 	 	 
	ARTICLE XVI:
	 
	USA PATRIOT ACT
	 	 	96	 

iv

 

TABLE OF CONTENT

Exhibits

	 	 	 	 	 

	EXHIBIT A

	 	—
	 	Revolving Loan Commitments
	EXHIBIT B

	 	—
	 	Form of Borrowing/Election Notice
	EXHIBIT C

	 	—
	 	Form of Request for Letter of Credit
	EXHIBIT D

	 	—
	 	Form of Assignment and Assumption
	EXHIBIT E

	 	—
	 	Form of Borrower’s Counsel’s Opinion
	EXHIBIT F-1

	 	—
	 	Form of Increasing Lender Supplement
	EXHIBIT F-2

	 	—
	 	Form of Augmenting Lender Supplement
	EXHIBIT G

	 	—
	 	List of Closing Documents
	EXHIBIT H

	 	—
	 	Form of Officer’s Certificate
	EXHIBIT I

	 	—
	 	Form of Compliance Certificate
	EXHIBIT J

	 	—
	 	Form of Supplement to Subsidiary Guaranty

Schedules

	 	 	 	 	 

	Pricing Schedule
	 	 	 	 
	 
	 	 	 	 
	Schedule 1.1.1

	 	—
	 	Permitted Existing Investments
	Schedule 1.1.2

	 	—
	 	Permitted Existing Liens
	Schedule 1.1.3

	 	—
	 	Permitted Existing Contingent Obligations
	Schedule 3.2

	 	—
	 	Transitional Letters of Credit
	Schedule 6.3

	 	—
	 	Conflicts; Governmental Consents
	Schedule 6.7

	 	—
	 	Litigation; Loss Contingencies
	Schedule 6.8

	 	—
	 	Subsidiaries
	Schedule 6.18

	 	—
	 	Environmental Matters
	Schedule 7.3(G)

	 	—
	 	Transactions with Shareholders and Affiliates

v

 

AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

     This Amended and Restated Revolving Credit Agreement dated as of May 6, 2011 is entered into
among ENERGIZER HOLDINGS, INC., a Missouri corporation, the institutions from time to time parties
hereto as Lenders and JPMORGAN CHASE BANK, N.A., in its capacity as Administrative Agent, BANK OF
AMERICA, N.A., and THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. as Co-Syndication Agents and CITIBANK,
N.A. and SUNTRUST BANK, as Co-Documentation Agents.

     WHEREAS, (i) the Borrower, the lenders party thereto and the Administrative Agent are
currently party to the Revolving Credit Agreement, dated as of November 16, 2004 (as amended,
supplemented or otherwise modified prior to the date hereof, the “Existing Credit
Agreement”);

     WHEREAS, the Borrower, the Lenders, the Departing Lenders (as hereinafter defined) and the
Administrative Agent have agreed (a) to enter into this Agreement in order to (i) amend and restate
the Existing Credit Agreement in its entirety; (ii) re-evidence the “Obligations” under, and as
defined in, the Existing Credit Agreement, which shall be repayable in accordance with the terms of
this Agreement; and (iii) set forth the terms and conditions under which the Lenders will, from
time to time, make loans and extend other financial accommodations to or for the benefit of the
Borrower and (b) that each Departing Lender shall cease to be a party to the Existing Credit
Agreement, as evidenced by its execution and delivery of its Departing Lender Signature Page (as
hereinafter defined);

     WHEREAS, it is the intent of the parties hereto that this Agreement not constitute a novation
of the obligations and liabilities of the parties under the Existing Credit Agreement or be deemed
to evidence or constitute full repayment of such obligations and liabilities, but that this
Agreement shall amend and restate in its entirety the Existing Credit Agreement and re-evidence the
obligations and liabilities of the Borrower outstanding thereunder, which shall be payable in
accordance with the terms hereof; and

     WHEREAS, it is also the intent of the Borrower and the Subsidiary Guarantors to confirm that
all obligations under the applicable “Loan Documents” (as referred to and defined in the Existing
Credit Agreement) shall continue in full force and effect as modified or restated by the Loan
Documents (as referred to and defined herein) and that, from and after the Closing Date, all
references to the “Credit Agreement” contained in any such existing “Loan Documents” shall be
deemed to refer to this Agreement;

     NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein,
the parties hereto hereby agree that the Existing Credit Agreement is hereby amended and restated
as follows:

ARTICLE I: DEFINITIONS

     1.1 Certain Defined Terms. In addition to the terms defined above, the following
terms used in this Agreement shall have the following meanings, applicable both to the singular and
the plural forms of the terms defined.

     As used in this Agreement:

 

 

     “Accounting Change” is defined in Section 10.9 hereof.

     “Acquisition” means any transaction, or any series of related transactions,
consummated on or after the date of this Agreement, by which the Borrower or any of its
Subsidiaries (i) acquires any going business or all or substantially all of the assets of any firm,
corporation or division thereof, whether through purchase of assets, merger or otherwise or (ii)
directly or indirectly acquires (in one transaction or as the most recent transaction in a series
of transactions) at least a majority (in number of votes) of the securities of a corporation which
have ordinary voting power for the election of directors (other than securities having such power
only by reason of the happening of a contingency) or a majority (by percentage of voting power) of
the outstanding equity interests of another Person.

     “Administrative Agent” means JPMorgan in its capacity as contractual representative
for itself and the Lenders pursuant to Article XI hereof and any successor Administrative
Agent appointed pursuant to Article XI hereof.

     “Administrative Questionnaire” means an administrative questionnaire in a form
supplied by the Administrative Agent.

     “Advance” means a borrowing hereunder consisting of the aggregate amount of the
several Loans made by the Lenders to the Borrower of the same Type and, in the case of Eurodollar
Rate Advances, for the same Interest Period.

     “Affected Lender” is defined in Section 2.19 hereof.

     “Affiliate” of any Person means any other Person directly or indirectly controlling,
controlled by or under common control with such Person. A Person shall be deemed to control
another Person if the controlling Person is the “beneficial owner” (as defined in Rule 13d-3 under
the Securities Exchange Act of 1934) of greater than ten percent (10%) or more of any class of
voting securities (or other voting interests) of the controlled Person or possesses, directly or
indirectly, the power to direct or cause the direction of the management or policies of the
controlled Person, whether through ownership of Capital Stock, by contract or otherwise.

     “Aggregate Revolving Loan Commitment” means the aggregate of the Revolving Loan
Commitments of all the Lenders, as may be reduced or increased from time to time pursuant to the
terms hereof. The initial Aggregate Revolving Loan Commitment is Four Hundred Fifty Million and
00/100 Dollars ($450,000,000.00).

     “Agreement” means this Amended and Restated Revolving Credit Agreement, as it may be
amended, restated, supplemented or otherwise modified and in effect from time to time.

     “Agreement Accounting Principles” means generally accepted accounting principles as in
effect in the United States from time to time, applied in a manner consistent with that used in
preparing the financial statements of the Borrower referred to in Section 6.4 hereof;
provided, however, except as provided in Section 10.9, that with respect to
the calculation of financial ratios and other financial tests required by this Agreement,
“Agreement Accounting Principles” means generally accepted accounting principles as in effect in
the United States as of the date of

2

 

this Agreement, applied in a manner consistent with that used in preparing the financial
statements of the Borrower referred to in Section 6.4 hereof.

     “Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of
(a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such
day plus 1/2 of 1% and (c) the Eurodollar Rate for a one month Interest Period on such day (or if
such day is not a Business Day, the immediately preceding Business Day) plus 1%, provided
that, for the avoidance of doubt, the Eurodollar Rate for any day shall be based on the rate
appearing on Reuters Screen LIBOR01 Page (or on any successor or substitute page of such page) at
approximately 11:00 a.m. London time on such day. Any change in the Alternate Base Rate due to a
change in the Prime Rate, the Federal Funds Effective Rate or the Eurodollar Rate shall be
effective from and including the effective date of such change in the Prime Rate, the Federal Funds
Effective Rate or the Eurodollar Rate, respectively.

     “Applicable Facility Fee Percentage” means, as at any date of determination, the rate
per annum then applicable in the determination of the amount payable under Section
2.14(C)(i) hereof as set forth in the Pricing Schedule.

     “Applicable Margin” means, as at any date of determination, the rate per annum then
applicable to Advances of any Type at such time, as set forth in the Pricing Schedule.

     “Applicable L/C Fee Percentage” means, as at any date of determination, the rate per
annum then applicable in the determination of the amount payable under Section 3.8(i)
hereof as set forth in the Pricing Schedule.

     “Approved Fund” means any Person (other than a natural person) that is engaged in
making, purchasing, holding or investing in bank loans and similar extensions of credit in the
ordinary course of its business and that is administered or managed by (i) a Lender, (ii) an
Affiliate of a Lender or (iii) an entity or an Affiliate of an entity that administers or manages a
Lender.

     “Arrangers” means J.P. Morgan Securities LLC, Merrill, Lynch, Pierce, Fenner & Smith
Incorporated and The Bank of Tokyo-Mitsubishi UFJ, Ltd., in their respective capacities as the
co-lead arrangers and joint bookrunners for the loan transaction evidenced by this Agreement.

     “Asset Sale” means, with respect to any Person, the sale, lease, conveyance,
disposition or other transfer by such Person of any of its assets (including by way of a
sale-leaseback transaction, and including the sale or other transfer of any of the Equity Interests
of any Subsidiary of such Person) other than (i) the sale of Inventory in the ordinary course of
business and (ii) the sale or other disposition of any obsolete manufacturing Equipment disposed of
in the ordinary course of business.

     “Assignment and Assumption” means an assignment and assumption agreement entered into
by a Lender and an assignee (with the consent of any party whose consent is required by Section
13.3), and accepted by the Administrative Agent, in the form of Exhibit D or any other
form approved by the Administrative Agent.

     “Augmenting Lender” is defined in Section 2.5(B).

3

 

     “Augmenting Lender Supplement” is defined in Section 2.5(B).

     “Authorized Officer” means any of the president, any vice president (including any
executive vice president), the chief financial officer or the treasurer of the Borrower, acting
singly.

     “Banking Services” means each and any of the following bank services provided to the
Borrower or any Subsidiary by any Lender or any of its Affiliates: (a) credit cards for commercial
customers (including, without limitation, commercial credit cards and purchasing cards), (b) stored
value cards and (c) treasury management services (including, without limitation, controlled
disbursement, automated clearinghouse transactions, return items, overdrafts and interstate
depository network services).

     “Banking Services Agreement” means any agreement entered into by the Borrower or any
Subsidiary in connection with Banking Services.

     “Banking Services Obligations” means any and all obligations of the Borrower or any
Subsidiary, whether absolute or contingent and howsoever and whensoever created, arising, evidenced
or acquired (including all renewals, extensions and modifications thereof and substitutions
therefor) in connection with Banking Services.

     “Bankruptcy Event” means, with respect to any Person, such Person becomes the subject
of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee,
administrator, custodian, assignee for the benefit of creditors or similar Person charged with the
reorganization or liquidation of its business appointed for it, or, in the good faith determination
of the Administrative Agent, has taken any action in furtherance of, or indicating its consent to,
approval of, or acquiescence in, any such proceeding or appointment, provided that a Bankruptcy
Event shall not result solely by virtue of any ownership interest, or the acquisition of any
ownership interest, in such Person by a Governmental Authority or instrumentality thereof,
provided, further, that such ownership interest does not result in or provide such Person with
immunity from the jurisdiction of courts within the United States or from the enforcement of
judgments or writs of attachment on its assets or permit such Person (or such Governmental
Authority or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or
agreements made by such Person.

     “Benefit Plan” means a defined benefit plan as defined in Section 3(35) of ERISA
(other than a Multiemployer Plan or Foreign Pension Plan) in respect of which the Borrower or any
other member of the Controlled Group is, or within the immediately preceding six (6) years was, an
“employer” as defined in Section 3(5) of ERISA.

     “Board” means the Board of Governors of the Federal Reserve System of the United
States of America.

     “Borrower” means Energizer Holdings, Inc., a Missouri corporation, together with its
successors and assigns, including a debtor-in-possession on behalf of the Borrower.

     “Borrowing Date” means a date on which an Advance or Swing Line Loan is made
hereunder.

4

 

     “Borrowing/Election Notice” is defined in Section 2.7 hereof.

     “Business Day” means (i) with respect to any borrowing, payment or rate selection of
Loans bearing interest at the Eurodollar Rate, a day (other than a Saturday or Sunday) on which
banks are open for business in Chicago, Illinois and New York, New York and on which dealings in
Dollars are carried on in the London interbank market and (ii) for all other purposes a day (other
than a Saturday or Sunday) on which banks are open for business in Chicago, Illinois and New York,
New York.

     “Capital Stock” means (i) in the case of a corporation, capital stock, (ii) in the
case of an association or business entity, any and all shares, interests, participations, rights or
other equivalents (however designated) of corporate stock, (iii) in the case of a partnership,
partnership interests (whether general or limited) and (iv) any other interest or participation
that confers on a Person the right to receive a share of the profits and losses of, or
distributions of assets of, the issuing Person.

     “Capitalized Lease” of a Person means any lease of property by such Person as lessee
which would be capitalized on a balance sheet of such Person prepared in accordance with Agreement
Accounting Principles.

     “Capitalized Lease Obligations” of a Person means the amount of the obligations of
such Person under Capitalized Leases which would be capitalized on a balance sheet of such Person
prepared in accordance with Agreement Accounting Principles.

     “Cash Equivalents” means (i) marketable direct obligations issued or unconditionally
guaranteed by the United States government and backed by the full faith and credit of the United
States government; (ii) domestic and Eurodollar certificates of deposit and time deposits, bankers’
acceptances and floating rate certificates of deposit issued by any commercial bank organized under
the laws of the United States, any state thereof, the District of Columbia, any foreign bank, or
its branches or agencies (fully protected against currency fluctuations for any such deposits with
a term of more than ninety (90) days); (iii) shares of money market, mutual or similar funds having
assets in excess of $100,000,000 and at least 95% of the investments of which are limited to
investment grade securities (i.e., securities rated at least Baa by Moody’s Investors Service, Inc.
or at least BBB by Standard & Poor’s Ratings Group); and (iv) commercial paper of United States and
foreign banks and bank holding companies and their subsidiaries and United States and foreign
finance, commercial industrial or utility companies which, at the time of acquisition, are rated
A-1 (or better) by Standard & Poor’s Ratings Group or P-1 by Moody’s Investors Service, Inc.;
provided that the maturities of such Cash Equivalents described in the foregoing
clauses (i) through (iv) shall not exceed 365 days; (v) repurchase obligations of
any commercial bank organized under the laws of the United States, any state thereof, the District
of Columbia, any foreign bank, or its branches or agencies having a term not more than thirty (30)
days, with respect to securities issued or fully guaranteed or insured by the United States
government; (vi) securities with maturities of one year or less from the date of acquisition issued
or fully guaranteed by any state, commonwealth, territory, political subdivision, taxing authority
or by any foreign government, the securities of which state, commonwealth, territory, political
subdivision, taxing authority or foreign government (as the case may be) are rated at least BBB by
Standard & Poor’s Ratings Group or at least Baa by

5

 

Moody’s Investors Service, Inc.; (vii) securities with maturities of one year or less from the
date of acquisition backed by standby letters of credit issued by any commercial bank organized
under the laws of the United States, any state thereof or the District of Columbia (which
commercial bank shall have a short-term debt rating of A-1 (or better) by Standard & Poor’s
Ratings Group or P-1 by Moody’s Investors Service, Inc.), or by any foreign bank (which foreign
bank shall have a rating of B or better from Thomson BankWatch Global Issuer Rating or, if not
rated by Thomson BankWatch Global Issuer Rating, which foreign bank shall be an institution
acceptable to the Administrative Agent), or its branches or agencies; or (viii) shares of money
market mutual or similar funds at least 95% of the assets of which are invested in the types of
investments satisfying the requirements of clauses (i) through (vii) of this
definition.

     “Change” is defined in Section 4.2 hereof.

     “Change in Law” means the occurrence, after the date of this Agreement (or with
respect to any Lender, if later, the date on which such Lender becomes a Lender), of any of the
following (a) the adoption of any law, rule, regulation or treaty, (b) any change in any law, rule,
regulation or treaty or in the interpretation or application thereof by any Governmental Authority
or (c) compliance by any Lender or any Issuing Bank (or, for purposes of Section 4.2 by any
lending office of such Lender or by such Lender’s or such Issuing Bank’s holding company, if any)
with any request, guideline or directive (whether or not having the force of law) of any
Governmental Authority made or issued after the date of this Agreement; provided
however, that notwithstanding anything herein to the contrary, the Dodd-Frank Wall Street
Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or
issued in connection therewith, and (ii) all requests, rules, guidelines, requirements and
directives promulgated by the Bank for International Settlements, the Basel Committee on Banking
Supervision (or any successor or similar authority) or the United States or foreign regulatory
authorities, in each case pursuant to Basel III, shall in each case be deemed to a “Change in Law”
regardless of the date enacted, adopted, issued or implemented.

     “Change of Control” means an event or series of events by which:

     (i) any “person” or “group” (within the meaning of Sections 13(d) and 14(d)(2) of the
Securities Exchange Act of 1934) becomes the “beneficial owner” (as defined in Rule 13d-3
under the Securities Exchange Act of 1934), directly or indirectly, of thirty percent (30%)
or more of the voting power of the then outstanding Capital Stock of the Borrower entitled
to vote generally in the election of the directors of the Borrower;

     (ii) during any period of 12 consecutive calendar months, the board of directors of
the Borrower shall cease to have as a majority of its members individuals who either:

     (a) were directors of the Borrower on the first day of such period, or

     (b) were elected or nominated for election to the board of directors of the
Borrower at the recommendation of or other approval by at least a majority of the
directors then still in office at the time of such election or nomination who were
directors of the Borrower on the first day of such period, or whose election or
nomination for election was so approved;

6

 

     (iii) other than as a result of a transaction not prohibited under the terms of this
Agreement, the Borrower (a) shall cease to own, of record and beneficially, with sole voting
and dispositive power, 100% of the outstanding shares of Capital Stock of each of the
Subsidiary Guarantors or (b) shall cease to have the power, directly or indirectly, to elect
all of the members of the board of directors of each of the Subsidiary Guarantors; or

     (iv) the Borrower consolidates with or merges into another corporation or conveys,
transfers or leases all or substantially all of its property to any Person, or any
corporation consolidates with or merges into the Borrower, in either event pursuant to a
transaction in which the outstanding Capital Stock of the Borrower is reclassified or
changed into or exchanged for cash, securities or other property.

     “Closing Date” means the date of this Agreement.

     “Code” means the Internal Revenue Code of 1986, as amended, reformed or otherwise
modified from time to time.

     “Co-Documentation Agent” means each of Citibank, N.A. (and its successors) and
SunTrust Bank (and its successors) in their respective capacities as co-documentation agent for the
loan transaction evidenced by this Agreement.

     “Commission” means the Securities and Exchange Commission of the United States of
America and any Person succeeding to the functions thereof.

     “Consolidated Assets” means the total assets of the Borrower and its Subsidiaries on a
consolidated basis.

     “Consolidated Domestic Assets” means the total assets of the Borrower and each of its
consolidated Subsidiaries that is incorporated under the laws of any jurisdiction in the United
States.

     “Consolidated Net Worth” means, as of any date, all amounts which would be included
under shareholders’ equity (including capital stock, additional paid-in capital and retained
earnings) on the consolidated balance sheet for the Borrower and its consolidated Subsidiaries
determined in accordance with Agreement Accounting Principles.

     “Consolidated Total Capitalization” means, as of any date, the sum of (i) Indebtedness
of the Borrower and its consolidated Subsidiaries and (ii) Consolidated Net Worth, all determined
in accordance with Agreement Accounting Principles.

     “Contaminant” means any waste, pollutant, hazardous substance, toxic substance,
hazardous waste, special waste, petroleum or petroleum-derived substance or waste, asbestos or
polychlorinated biphenyls (“PCBs”), and includes but is not limited to these terms as defined in
Environmental, Health or Safety Requirements of Law.

     “Contingent Obligation”, as applied to any Person, means any Contractual Obligation,
contingent or otherwise, of that Person with respect to any Indebtedness of another or other
obligation or liability of another, including, without limitation, any such Indebtedness,
obligation

7

 

or liability of another directly or indirectly guaranteed, endorsed (otherwise than for
collection or deposit in the ordinary course of business), co-made or discounted or sold with
recourse by that Person, or in respect of which that Person is otherwise directly or indirectly
liable, including Contractual Obligations (contingent or otherwise) arising through any agreement
to purchase, repurchase, or otherwise acquire such Indebtedness, obligation or liability or any
security therefor, or to provide funds for the payment or discharge thereof (whether in the form of
loans, advances, stock purchases, capital contributions or otherwise), or to maintain solvency,
assets, level of income, or other financial condition, or to make payment other than for value
received. The amount of any Contingent Obligation shall be equal to the present value of the
portion of the obligation so guaranteed or otherwise supported, in the case of known recurring
obligations, and the maximum reasonably anticipated liability in respect of the portion of the
obligation so guaranteed or otherwise supported assuming such Person is required to perform
thereunder, in all other cases.

     “Contractual Obligation”, as applied to any Person, means any provision of any equity
or debt securities issued by that Person or any indenture, mortgage, deed of trust, security
agreement, pledge agreement, guaranty, contract, undertaking, agreement or instrument, in any case
in writing, to which that Person is a party or by which it or any of its properties is bound, or to
which it or any of its properties is subject. Without in any way limiting the foregoing, as used
with respect to the Borrower or any of its Subsidiaries, Contractual Obligations shall include,
without limitation, the Financing Facilities and any instruments, documents or agreements executed
or delivered in connection therewith by which the Borrower or such Subsidiaries are bound.

     “Controlled Group” means the group consisting of (i) any corporation which is a member
of the same controlled group of corporations (within the meaning of Section 414(b) of the Code) as
the Borrower; (ii) a partnership or other trade or business (whether or not incorporated) which is
under common control (within the meaning of Section 414(c) of the Code) with the Borrower; and
(iii) a member of the same affiliated service group (within the meaning of Section 414(m) of the
Code) as the Borrower, any corporation described in clause (i) above or any partnership or
trade or business described in clause (ii) above.

     “Co-Syndication Agent” means each of Bank of America, N.A. (and its successors) and
The Bank of Tokyo-Mitsubishi UFJ, Ltd. (and its successors) in their respective capacities as
co-syndication agent for the loan transaction evidenced by this Agreement.

     “Covenant Leverage Ratio” is defined in Section 7.4(A) hereof.

     “Credit Party” means the Administrative Agent, any Issuing Bank, the Swing Line Bank
or any other Lender.

     “Customary Permitted Liens” means:

     (i) Liens (other than Environmental Liens and Liens in favor of the IRS or the PBGC or
any Plan) with respect to the payment of taxes, assessments or governmental charges in all
cases which are not yet due or (if foreclosure, distraint, sale or other similar proceedings
shall not have been commenced or any such proceeding after being

8

 

commenced is stayed) which are being contested in good faith by appropriate proceedings
properly instituted and diligently conducted and with respect to which adequate reserves or
other appropriate provisions are being maintained as may be required in accordance with
Agreement Accounting Principles;

     (ii) statutory Liens of landlords and Liens of suppliers, mechanics, carriers,
materialmen, warehousemen or workmen and other similar Liens imposed by law created in the
ordinary course of business for amounts not yet due or which are being contested in good
faith by appropriate proceedings properly instituted and diligently conducted and with
respect to which adequate reserves or other appropriate provisions are being maintained as
may be required in accordance with Agreement Accounting Principles;

     (iii) Liens (other than Environmental Liens and Liens in favor of the IRS or the PBGC
or any Plan) incurred or deposits made in the ordinary course of business in connection with
workers’ compensation, unemployment insurance or other types of social security benefits or
to secure the performance of bids, tenders, sales, contracts (other than for the repayment
of borrowed money), surety, appeal and performance bonds; provided that (A) all such Liens
do not in the aggregate materially detract from the value of the Borrower’s or such
Subsidiary’s assets or property taken as a whole or materially impair the use thereof in the
operation of the Borrower’s or such Subsidiary’s businesses taken as a whole, and (B) all
Liens securing bonds to stay judgments or in connection with appeals do not secure at any
time an aggregate amount exceeding $50,000,000;

     (iv) Liens arising with respect to zoning restrictions, easements, licenses,
reservations, covenants, rights-of-way, utility easements, building restrictions and other
similar charges or encumbrances on the use of real property which do not in any case
materially detract from the value of the property subject thereto or interfere with the
ordinary conduct of the business of the Borrower or any of its Subsidiaries;

     (v) Liens of attachment or judgment with respect to judgments, writs or warrants of
attachment, or similar process against the Borrower or any of its Subsidiaries which do not
constitute a Default under Section 8.1(H) hereof;

     (vi) any interest or title of the lessor in the property subject to any operating
lease entered into by the Borrower or any of its Subsidiaries in the ordinary course of
business; and

     (vii) Liens of commercial depository institutions arising in the ordinary course of
business constituting a statutory or common law right of setoff against amounts on deposit
with any such institution.

     “Default” means an event described in Article VIII hereof.

     “Defaulting Lender” means any Lender that (a) has failed, within two Business Days of
the date required to be funded or paid, to (i) fund any portion of its Loans, (ii) fund any portion
of its participations in Letters of Credit or Swing Line Loans or (iii) pay over to any Credit
Party any other amount required to be paid by it hereunder, unless, in the case of clause (i)
above, such

9

 

Lender notifies the Administrative Agent in writing that such failure is the result of such
Lender’s good faith determination that a condition precedent to funding (specifically identified
and including the particular default, if any) has not been satisfied, (b) has notified the Borrower
or any Credit Party in writing, or has made a public statement to the effect, that it does not
intend or expect to comply with any of its funding obligations under this Agreement (unless such
writing or public statement indicates that such position is based on such Lender’s good faith
determination that a condition precedent (specifically identified and including the particular
default, if any) to funding a loan under this Agreement cannot be satisfied) or generally under
other agreements in which it commits to extend credit, (c) has failed, within three Business Days
after request by a Credit Party, acting in good faith, to provide a certification in writing from
an authorized officer of such Lender that it will comply with its obligations (and is financially
able to meet such obligations) to fund prospective Loans and participations in then outstanding
Letters of Credit and Swing Line Loans under this Agreement, provided that such Lender shall cease
to be a Defaulting Lender pursuant to this clause (c) upon such Credit Party’s receipt of such
certification in form and substance satisfactory to it and the Administrative Agent, or (d) has
become the subject of a Bankruptcy Event.

     “Departing Lender” means each lender under the Existing Credit Agreement that executes
and delivers to the Administrative Agent a Departing Lender Signature Page.

     “Departing Lender Signature Page” means each signature page to this Agreement on which
it is indicated that the Departing Lender executing the same shall cease to be a party to the
Existing Credit Agreement on the Closing Date.

     “Disclosed Litigation” is defined in Section 6.7 hereof.

     “Disqualified Stock” means any preferred stock and any Capital Stock that, by its
terms (or by the terms of any security into which it is convertible or for which it is
exchangeable), or upon the happening of any event, matures or is mandatorily redeemable, pursuant
to a sinking fund obligation or otherwise, or redeemable at the option of the holder thereof, in
whole or in part, on or prior to the date that is ninety-one (91) days after the Revolving Loan
Termination Date.

     “DOL” means the United States Department of Labor and any Person succeeding to the
functions thereof.

     “Dollar” and “$” means dollars in the lawful currency of the United States.

     “EBIT” means, for any period, on a consolidated basis for the Borrower and its
Subsidiaries, the sum of the amounts for such period, without duplication, of (i) Net Income,
plus (ii) Interest Expense to the extent deducted in computing Net Income, plus
(iii) charges against income for foreign, federal, state and local taxes to the extent deducted in
computing Net Income, plus (iv) non-cash charges (except any non-cash charges that require
accrual of a reserve for anticipated future cash payments for any period) to the extent deducted in
computing Net Income, plus (v) other extraordinary non-cash charges to the extent deducted
in computing Net Income, minus (vi) extraordinary gains to the extent added in computing
Net Income.

10

 

     “EBITDA” means, for any period, on a consolidated basis for the Borrower and its
Subsidiaries, the sum of the amounts for such period, without duplication, of (i) EBIT,
plus (ii) depreciation expense to the extent deducted in computing Net Income, plus
(iii) amortization expense, including, without limitation, amortization of goodwill and other
intangible assets, to the extent deducted in computing Net Income.

     “Environmental, Health or Safety Requirements of Law” means all applicable foreign,
federal, state and local laws or regulations relating to or addressing pollution or protection of
the environment, or protection of worker health or safety, including, but not limited to, the
Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. § 9601 et
seq., the Occupational Safety and Health Act of 1970, 29 U.S.C. § 651 et
seq., and the Resource Conservation and Recovery Act of 1976, 42 U.S.C. § 6901 et
seq., in each case including any amendments thereto, any successor statutes, and any
regulations promulgated thereunder, and any state or local equivalent thereof.

     “Environmental Lien” means a lien in favor of any Governmental Authority for (a) any
liability under Environmental, Health or Safety Requirements of Law, or (b) damages arising from,
or costs incurred by such Governmental Authority in response to, a Release or threatened Release of
a Contaminant into the environment.

     “Environmental Property Transfer Act” means any applicable requirement of law that
conditions, restricts, prohibits or requires any notification or disclosure triggered by the
closure of any property or the transfer, sale or lease of any property or deed or title for any
property for environmental reasons, including, but not limited to, any so-called “Industrial Site
Recovery Act” or “Responsible Property Transfer Act.”

     “Equipment” means all of the Borrower’s and its Subsidiaries’ present and future (i)
equipment, including, without limitation, machinery, manufacturing, distribution, selling, data
processing and office equipment, assembly systems, tools, molds, dies, fixtures, appliances,
furniture, furnishings, vehicles, vessels, aircraft, aircraft engines, and trade fixtures, (ii)
other tangible personal property (other than the Borrower’s or Subsidiary’s Inventory), and (iii)
any and all accessions, parts and appurtenances attached to any of the foregoing or used in
connection therewith, and any substitutions therefor and replacements, products and proceeds
thereof.

     “Equity Interests” means Capital Stock and all warrants, options or other rights to
acquire Capital Stock (but excluding any debt security that is convertible into, or exchangeable
for, Capital Stock).

     “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from
time to time, including (unless the context otherwise requires) any rules or regulations
promulgated thereunder.

     “Eurodollar Base Rate” means, with respect to any Eurodollar Rate Advance for any
Interest Period, the rate appearing on Reuters Screen LIBOR01 Page (or on any successor or
substitute page of such service, or any successor to or substitute for such service, providing rate
quotations comparable to those currently provided on such page of such service, as determined

11

 

by the Administrative Agent from time to time for purposes of providing quotations of interest
rates applicable to deposits in Dollars in the London interbank market) at approximately 11:00
a.m., London time, two (2) Business Days prior to the commencement of such Interest Period, as the
rate for deposits in Dollars with a maturity comparable to such Interest Period. In the event that
such rate is not available at such time for any reason, then the “Eurodollar Base Rate”
with respect to such Eurodollar Rate Advance for such Interest Period shall be the rate at which
deposits in Dollars in an amount equal to $5,000,000 and for a maturity comparable to such Interest
Period are offered by the principal London office of the Administrative Agent in immediately
available funds in the London interbank market at approximately 11:00 a.m., London time, two (2)
Business Days prior to the commencement of such Interest Period.

     “Eurodollar Rate” means, with respect to any Eurodollar Rate Advance for any Interest
Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to
(a) the Eurodollar Base Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate
plus (ii) the then Applicable Margin.

     “Eurodollar Rate Advance” means an Advance which bears interest at the Eurodollar
Rate.

     “Eurodollar Rate Loan” means a Loan, or portion thereof, which bears interest at the
Eurodollar Rate.

     “Excluded Taxes” means, in the case of each Lender, applicable Lending Installation,
Issuing Bank and the Administrative Agent, (a) taxes imposed on its overall net income, and
franchise taxes imposed on it, by (i) the jurisdiction under the laws of which such Lender, such
Issuing Bank or the Administrative Agent is incorporated or organized or (ii) the jurisdiction in
which the Administrative Agent’s, such Issuing Bank’s or such Lender’s principal executive office
or such Lender’s applicable Lending Installation is located, and (b) any U.S. federal withholding
taxes imposed by FATCA.

     “Existing Credit Agreement” is defined in the recitals to this Agreement.

     “Existing Loans” is defined in Section 2.1(a).

     “Facility Fee” is defined in Section 2.14(C)(i) hereof.

     “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this
Agreement, and any regulations or official interpretations thereof.

     “Federal Funds Effective Rate” means, for any day, the weighted average (rounded
upwards, if necessary, to the next 1/100 of 1%) of the rates per annum on overnight Federal funds
transactions with members of the Federal Reserve System arranged by Federal funds brokers, as
published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such
rate is not so published for any day that is a Business Day, the average (rounded upwards, if
necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received
by the Administrative Agent from three Federal funds brokers of recognized standing selected by it.

12

 

     “Financing Facilities” means the Term Loan Credit Facility, the Receivables Purchase
Facility, the Senior Notes and any Permitted Financing Facility.

     “Floating Rate Advance” means an Advance which bears interest by reference to the
Alternate Base Rate.

     “Floating Rate Loan” means a Loan, or portion thereof, which bears interest by
reference to the Alternate Base Rate.

     “Foreign Competition Laws” means competition and foreign investment laws and
regulations of any jurisdiction outside the United States.

     “Foreign Employee Benefit Plan” means any employee benefit plan as defined in Section
3(3) of ERISA which is maintained or contributed to for the benefit of the employees of the
Borrower or any member of the Controlled Group, but which is not covered by ERISA pursuant to
Section 4(b)(4) of ERISA.

     “Foreign Pension Plan” means any employee pension benefit plan (as defined in Section
3(2) of ERISA) which (i) is maintained or contributed to for the benefit of employees of the
Borrower or any other member of the Controlled Group, (ii) is not covered by ERISA pursuant to
Section 4(b)(4) thereof and (iii) under applicable local law, is required to be funded through a
trust or other funding vehicle.

     “Governmental Acts” is defined in Section 3.10(A) hereof.

     “Governmental Authority” means the government of the United States of America, any
other nation or any political subdivision thereof, whether state or local, and any agency,
authority, instrumentality, regulatory body, court, central bank or other entity exercising
executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or
pertaining to government.

     “Hedging Arrangements” is defined in the definition of “Hedging Obligations” below.

     “Hedging Agreements” means Hedging Arrangements permitted under Section 7.3(O)
that are entered into by the Borrower and any Lender or any affiliate of any Lender.

     “Hedging Obligations” of a Person means any and all obligations of such Person,
whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired
(including all renewals, extensions and modifications thereof and substitutions therefor), under
(i) any and all agreements, devices or arrangements designed to protect at least one of the parties
thereto from the fluctuations of interest rates, commodity prices, exchange rates or forward rates
applicable to such party’s assets, liabilities or exchange transactions, including, but not limited
to, dollar-denominated or cross-currency interest rate exchange agreements, forward currency
exchange agreements, interest rate cap or collar protection agreements, forward rate currency or
interest rate options, puts and warrants or any similar derivative transactions (“Hedging
Arrangements”), and (ii) any and all cancellations, buy backs, reversals, terminations or
assignments of any of the foregoing.

13

 

     “Holders of Obligations” means the holders of the Obligations from time to time, the
holders of the Banking Services Obligations from time to time and the holders of the Hedging
Obligations arising from time to time under Hedging Agreements and shall include their respective
successors, transferees and assigns.

     “Increasing Lender” is defined in Section 2.5(B).

     “Increasing Lender Supplement” is defined in Section 2.5(B).

     “Incremental Term Loan” is defined in Section 2.5(B).

     “Incremental Term Loan Amendment” is defined in Section 2.5(B).

     “Indebtedness” of any Person means, without duplication, such Person’s (a) obligations
for borrowed money, (b) obligations representing the deferred purchase price of property or
services (other than accounts payable arising in the ordinary course of such Person’s business
payable on terms customary in the trade), which purchase price is due more than six (6) months from
the date of incurrence of the obligation in respect thereof, provided that the related obligations
are not interest bearing, (c) obligations, whether or not assumed, secured by Liens or payable out
of the proceeds or production from property or assets now or hereafter owned or acquired by such
Person, (d) obligations which are evidenced by notes, acceptances or other instruments, (e)
Capitalized Lease Obligations, (f) Contingent Obligations in respect of Indebtedness, (g)
obligations with respect to letters of credit, (h) Off-Balance Sheet Liabilities, (i) Receivables
Facility Attributed Indebtedness and (j) Disqualified Stock. The amount of Indebtedness of any
Person at any date shall be without duplication (1) the outstanding balance at such date of all
unconditional obligations as described above and the maximum liability of any such Contingent
Obligations at such date and (2) in the case of Indebtedness of others secured by a Lien to which
the property or assets owned or held by such Person is subject, the lesser of the fair market value
at such date of any asset subject to a Lien securing the Indebtedness of others and the amount of
the Indebtedness secured.

     “Indemnified Matters” is defined in Section 10.7(B) hereof.

     “Indemnitees” is defined in Section 10.7(B) hereof.

     “Initial Funding Date” means the initial date on which the Revolving Loans are
advanced and/or Letters of Credit are issued or deemed issued hereunder.

     “Insolvency Event” is defined in Section 10.14 hereof.

     “Intercompany Indebtedness” is defined in Section 10.14 hereof.

     “Interest Expense” means, for any period, the total interest expense of the Borrower
and its consolidated Subsidiaries, whether paid or accrued, including, without duplication,
Off-Balance Sheet Liabilities (including Receivables Facility Financing Costs) and the interest
component of Capitalized Leases, all as determined in conformity with Agreement Accounting
Principles.

14

 

     “Interest Expense Coverage Ratio” is defined in Section 7.4(B) hereof.

     “Interest Period” means, with respect to a Eurodollar Rate Loan, a period of one (1),
two (2), three (3) or six (6) months or other periods to the extent available to all of the Lenders
and agreed to between the Borrower and the Administrative Agent (acting on the instructions of all
of the Lenders), commencing on a Business Day selected by the Borrower on which a Eurodollar Rate
Advance is made to Borrower pursuant to this Agreement. Such Interest Period shall end on (but
exclude) the day which corresponds numerically to such date one, two, three or six months (or such
other period) thereafter; provided, however, that if there is no such numerically
corresponding day in such next, second, third or sixth succeeding month (or other period), such
Interest Period shall end on the last Business Day of such next, second, third or sixth succeeding
month (or other period). If an Interest Period would otherwise end on a day which is not a
Business Day, such Interest Period shall end on the next succeeding Business Day, provided,
however, that if said next succeeding Business Day falls in a new calendar month, such
Interest Period shall end on the immediately preceding Business Day.

     “Inventory” shall mean any and all goods, including, without limitation, goods in
transit, wheresoever located, whether now owned or hereafter acquired by the Borrower or any of its
Subsidiaries, which are held for sale or lease, furnished under any contract of service or held as
raw materials, work in process or supplies, and all materials used or consumed in the business of
Borrower or any of its Subsidiaries, and shall include all right, title and interest of the
Borrower or any of its Subsidiaries in any property the sale or other disposition of which has
given rise to Receivables and which has been returned to or repossessed or stopped in transit by
the Borrower or any of its Subsidiaries.

     “Investment” means, with respect to any Person, (i) any purchase or other acquisition
by that Person of any Indebtedness, Equity Interests or other securities, or of a beneficial
interest in any Indebtedness, Equity Interests or other securities, issued by any other Person,
(ii) any purchase by that Person of all or substantially all of the assets of a business conducted
by another Person, and (iii) any loan, advance (other than deposits with financial institutions
available for withdrawal on demand, prepaid expenses, accounts receivable, advances to employees
and similar items made or incurred in the ordinary course of business) or capital contribution by
that Person to any other Person, including all Indebtedness to such Person arising from a sale of
property by such Person other than in the ordinary course of its business.

     “IRS” means the Internal Revenue Service and any Person succeeding to the functions
thereof.

     “Issuing Bank(s)” means (i) JPMorgan in its separate capacity as an issuer of Letters
of Credit pursuant to Section 3.1 or 3.2 hereunder with respect to each Letter of
Credit issued or deemed issued by JPMorgan upon the Borrower’s request (the “Principal Issuing
Bank”) and (ii) any Lender (other than JPMorgan) reasonably acceptable to the Administrative
Agent, in such Lender’s separate capacity as an issuer of Letters of Credit pursuant to Section
3.1 hereunder with respect to any and all Letters of Credit issued by such Lender in its sole
discretion upon the Borrower’s request. All references contained in this Agreement and the other
Loan Documents to the “Issuing Bank” (but not the “Principal Issuing Bank”) shall be deemed to
apply equally to

15

 

each of the institutions referred to in clauses (i) and (ii) of this
definition in their respective capacities as issuers of any and all Letters of Credit issued by
each such institution.

     “JPMorgan” means JPMorgan Chase Bank, N.A., in its individual capacity, and its
successors.

     “L/C Documents” is defined in Section 3.4 hereof.

     “L/C Draft” means a draft drawn on an Issuing Bank pursuant to a Letter of Credit.

     “L/C Interest” shall have the meaning ascribed to such term in Section 3.6
hereof.

     “L/C Obligations” means, without duplication, an amount equal to the sum of (i) the
aggregate of the amount then available for drawing under each of the Letters of Credit, (ii) the
face amount of all outstanding L/C Drafts corresponding to the Letters of Credit, which L/C Drafts
have been accepted by an Issuing Bank, (iii) the aggregate outstanding amount of all Reimbursement
Obligations at such time and (iv) the aggregate face amount of all Letters of Credit requested by
the Borrower but not yet issued (unless the request for an unissued Letter of Credit has been
denied). The L/C Obligations of any Lender at any time shall be its Pro Rata Share of the total
L/C Obligations at such time.

     “Lenders” means the lending institutions listed on the signature pages of this
Agreement or any Increasing Lender Supplement or Augmenting Lender Supplement and their respective
successors and assigns. For the avoidance of doubt, the term “Lenders” excludes Departing Lenders.

     “Lending Installation” means, with respect to a Lender or the Administrative Agent,
any office, branch, subsidiary or affiliate of such Lender or the Administrative Agent.

     “Letter of Credit” means the standby letters of credit (a) to be issued by an Issuing
Bank pursuant to Section 3.1 hereof or (b) deemed issued by an Issuing Bank pursuant to
Section 3.2 hereof.

     “Leverage Ratio” is defined in Section 2.14(D)(ii) hereof.

     “Lien” means any lien (statutory or other), mortgage, pledge, hypothecation,
assignment, deposit arrangement, encumbrance or preference, priority or security agreement or
preferential arrangement of any kind or nature whatsoever (including, without limitation, the
interest of a vendor or lessor under any conditional sale, Capitalized Lease or other title
retention agreement).

     “Loan(s)” means, with respect to a Lender, such Lender’s portion of any Advance made
pursuant to Section 2.1 hereof, and in the case of the Swing Line Bank, any Swing Line Loan
made pursuant to Section 2.2 hereof, and collectively, all Revolving Loans and Swing Line
Loans, whether made or continued as or converted to Floating Rate Loans or Eurodollar Rate Loans.

     “Loan Documents” means this Agreement, the Subsidiary Guaranty, any Assignment and
Assumption, any Increasing Lender Supplement, any Augmenting Lender Supplement, any

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promissory notes issued pursuant to Section 2.12, the L/C Documents and all other
documents, instruments and agreements executed in connection therewith or contemplated thereby, as
the same may be amended, restated, supplemented or otherwise modified and in effect from time to
time.

     “Loan Parties” is defined in Section 5.1 hereof.

     “Margin Stock” shall have the meaning ascribed to such term in Regulation U.

     “Material Adverse Effect” means a material adverse effect upon (a) the business,
condition (financial or otherwise), operations, performance, properties or prospects of the
Borrower and its Subsidiaries, taken as a whole, (b) the ability of the Borrower and its
Subsidiaries, taken as a whole, to perform their obligations under the Loan Documents in any
material respect, or (c) the ability of the Lenders, the Issuing Banks or the Administrative Agent
to enforce in any material respect the Obligations.

     “Material Domestic Subsidiary” means each consolidated Subsidiary (other than any SPV)
of the Borrower (a) incorporated under the laws of any jurisdiction in the United States and (b)
the total assets of which exceed, as at the end of any calendar quarter or, in the case of
consummation of a Permitted Acquisition, at the time of consummation of such Permitted Acquisition
(calculated by the Borrower on a pro forma basis taking into account the consummation of such
Permitted Acquisition), three percent (3.0%) of the Consolidated Domestic Assets of the Borrower
and its consolidated Subsidiaries (other than SPVs).

     “Material Foreign Subsidiary” means each consolidated Subsidiary (other than any SPV)
of the Borrower (a) incorporated or organized under the laws of any foreign jurisdiction and (b)
the total assets of which exceed, as at the end of any calendar quarter or, in the case of
consummation of a Permitted Acquisition, at the time of consummation of such Permitted Acquisition
(calculated by the Borrower on a pro forma basis taking into account the consummation of such
Permitted Acquisition), five percent (5.0%) of the Consolidated Assets of the Borrower and its
consolidated Subsidiaries (other than SPVs).

     “Material Indebtedness” means (a) any Indebtedness evidenced by the Financing
Facilities or (b) any other Indebtedness (other than the Indebtedness hereunder) of a single class
with an aggregate outstanding principal amount equal to or greater than $50,000,000.

     “Material Subsidiaries” means each of the Borrower’s Material Domestic Subsidiaries
and Material Foreign Subsidiaries.

     “Multiemployer Plan” means a “multiemployer plan” as defined in Section 4001(a)(3) of
ERISA which is, or within the immediately preceding six (6) years was, contributed to by either the
Borrower or any member of the Controlled Group.

     “Net Income” means, for any period, the net earnings (or loss) after taxes of the
Borrower and its Subsidiaries on a consolidated basis for such period taken as a single accounting
period determined in conformity with Agreement Accounting Principles.

     “New Subsidiary” is defined in Section 7.3(F).

17

 

     “Non-Consenting Lender” is defined in Section 9.3(D).

     “Non-ERISA Commitments” means

     (i) each pension, medical, dental, life, accident insurance, disability, group
insurance, sick leave, profit sharing, deferred compensation, bonus, stock option, stock
purchase, retirement, savings, severance, stock ownership, performance, incentive,
hospitalization or other insurance, or other welfare, benefit or fringe benefit plan,
policy, trust, understanding or arrangement of any kind; and

     (ii) each employee collective bargaining agreement and each agreement, understanding
or arrangement of any kind, with or for the benefit of any present or prior officer,
director, employee or consultant (including, without limitation, each employment,
compensation, deferred compensation, severance or consulting agreement or arrangement and
any agreement or arrangement associated with a change in ownership of the Borrower or any
member of the Controlled Group);

to which the Borrower or any member of the Controlled Group is a party or with respect to which the
Borrower or any member of the Controlled Group is or will be required to make any payment other
than any Plans.

     “Non-U.S.
Lender” is defined in Section 4.5(iv) hereof.

     “Obligations” means all Loans, L/C Obligations, advances, debts, liabilities,
obligations, covenants and duties owing by the Borrower or any of its Subsidiaries to the
Administrative Agent, any Lender, the Swing Line Bank, the Arrangers, any Affiliate of the
Administrative Agent or any Lender, the Issuing Banks or any Indemnitee, of any kind or nature,
present or future, arising under this Agreement, the L/C Documents or any other Loan Document,
whether or not evidenced by any note, guaranty or other instrument, whether or not for the payment
of money, whether arising by reason of an extension of credit, loan, guaranty, indemnification, or
in any other manner, whether direct or indirect (including those acquired by assignment), absolute
or contingent, due or to become due, now existing or hereafter arising and however acquired. The
term includes, without limitation, all interest, charges, expenses, fees, reasonable attorneys’
fees and disbursements, reasonable paralegals’ fees (and, after the occurrence and during the
continuance of a Default, all attorney’s fees and disbursements and paralegals’ fees, whether or
not reasonable), and any other sum chargeable to the Borrower or any of its Subsidiaries under this
Agreement or any other Loan Document.

     “Off-Balance Sheet Liabilities” of a Person means, without duplication, (a) any
Receivables Facility Attributed Indebtedness and repurchase obligation or liability of such Person
or any of its Subsidiaries with respect to Receivables or notes receivable sold by such Person or
any of its Subsidiaries (calculated to include the unrecovered investment of purchasers or
transferees of Receivables or notes receivable or any other obligation of the Borrower or such
transferor to purchasers/transferees of interests in Receivables or notes receivables or the agent
for such purchasers/transferees), (b) any liability under any sale and leaseback transactions which
do not create a liability on the consolidated balance sheet of such Person, (c) any liability under
any financing lease or so-called “synthetic” lease transaction, or (d) any obligations arising

18

 

with respect to any other transaction which is the functional equivalent of or takes the place
of borrowing but which does not constitute a liability on the consolidated balance sheets of such
Person and its Subsidiaries.

     “Originators” means the Borrower and/or any of its Subsidiaries in their respective
capacities as parties to any Receivables Purchase Documents, as sellers or transferors of any
Receivables and Related Security in connection with a Permitted Receivables Transfer.

     “Other Taxes” is defined in Section 4.5 hereof.

     “Participant” is defined in Section 13.2(A) hereof.

     “Payment Date” means the last day of each March, June, September and December.

     “PBGC” means the Pension Benefit Guaranty Corporation, or any successor thereto.

     “Permitted Acquisition” is defined in Section 7.3(F) hereof.

     “Permitted Existing Contingent Obligations” means the Contingent Obligations of the
Borrower and its Subsidiaries as of the Closing Date identified on Schedule 1.1.3 to this
Agreement.

     “Permitted Existing Investments” means the Investments of the Borrower and its
Subsidiaries as of the Closing Date identified on Schedule 1.1.1 to this Agreement.

     “Permitted Existing Liens” means the Liens on assets of the Borrower and its
Subsidiaries as of the Closing Date identified on Schedule 1.1.2 to this Agreement.

     “Permitted Financing Facility” means any financing agreement (other than the Term Loan
Credit Facility, the Receivables Purchase Facility and the Senior Notes) under which the Borrower
or any of its Subsidiaries incurs or assumes (including in connection with a Permitted Acquisition)
Indebtedness permitted by the terms of this Agreement, together with any guarantees of such
Indebtedness permitted hereunder (if any) and any other instruments, documents and agreements
executed or delivered in connection therewith, as such Permitted Financing Facility may be amended,
restated, supplemented, modified, extended, refinanced or replaced from time to time in a manner
that is permitted by the terms of this Agreement and is not materially adverse to the interests of
the Lenders.

     “Permitted Receivables Transfer” means (i) a sale or other transfer by an Originator
to a SPV of Receivables and Related Security for fair market value and without recourse (except for
limited recourse typical of such structured finance transactions), and/or (ii) a sale or other
transfer by a SPV to (a) purchasers of or other investors in such Receivables and Related Security
or (b) any other Person (including a SPV) in a transaction in which purchasers or other investors
purchase or are otherwise transferred such Receivables and Related Security, in each case pursuant
to and in accordance with the terms of the Receivables Purchase Documents.

     “Person” means any individual, corporation, firm, enterprise, partnership, trust,
incorporated or unincorporated association, joint venture, joint stock company, limited liability

19

 

company or other entity of any kind, or any government or political subdivision or any agency,
department or instrumentality thereof.

     “Plan” means an employee benefit plan defined in Section 3(3) of ERISA in respect of
which the Borrower or any member of the Controlled Group is, or within the immediately preceding
six (6) years was, an “employer” as defined in Section 3(5) of ERISA.

     “Pricing Schedule” means the schedule attached hereto and identified as such, setting
forth the Applicable Margin, the Applicable L/C Fee Percentage and the Applicable Facility Fee
Percentage.

     “Prime Rate” means the rate of interest per annum publicly announced from time to time
by JPMorgan as its prime rate in effect at its principal office in New York City; each change in
the Prime Rate shall be effective from and including the date such change is publicly announced as
being effective.

     “Principal Issuing Bank” has the meaning set forth in the definition of “Issuing
Bank.”

     “Pro Rata Share” means, with respect to any Lender, the percentage obtained by
dividing (A) such Lender’s Revolving Loan Commitment at such time (in each case, as adjusted from
time to time in accordance with the provisions of this Agreement) by (B) the Aggregate Revolving
Loan Commitment at such time; provided, however, if all of the Revolving Loan
Commitments are terminated pursuant to the terms of this Agreement, then “Pro Rata Share” means the
percentage obtained by dividing (x) the sum of (A) such Lender’s Revolving Loans, plus (B)
such Lender’s share of the obligations to purchase participations in Swing Line Loans and Letters
of Credit, by (y) the sum of (A) the aggregate outstanding amount of Revolving Loans, plus (B) the
aggregate outstanding amount of all Swing Line Loans and Letters of Credit; provided,
further, that in the case of Section 9.2 when a Defaulting Lender shall exist, “Pro Rata
Share” shall mean the percentage of the total Revolving Loan Commitments (disregarding any
Defaulting Lender’s Revolving Loan Commitment) represented by such Lender’s Revolving Loan
Commitment. If the Revolving Loan Commitments have terminated or expired, the Pro Rata Share shall
be determined based upon the Revolving Loan Commitments most recently in effect, giving effect to
any assignments and to any Lender’s status as a Defaulting Lender at the time of determination.

     “Purchasers” is defined in Section 13.3(A) hereof.

     “Receivable(s)” means and includes all of the Borrower’s and its Subsidiaries’
presently existing and hereafter arising or acquired accounts, accounts receivable, and all present
and future rights of the Borrower and its Subsidiaries to payment for goods sold or leased or for
services rendered (except those evidenced by instruments or chattel paper), whether or not they
have been earned by performance, and all rights in any merchandise or goods which any of the same
may represent, and all rights, title, security and guaranties with respect to each of the
foregoing, including, without limitation, any right of stoppage in transit.

     “Receivables and Related Security” means the Receivables and the related security and
collections with respect thereto which are sold or transferred by any Originator or SPV in
connection with any Permitted Receivables Transfer.

20

 

     “Receivables Facility Attributed Indebtedness” means the amount of obligations
outstanding under a receivables purchase facility on any date of determination that are
characterized as principal on the balance sheet of the Borrower, or would be so characterized as
principal if such facility were structured as a secured lending transaction rather than as a
purchase.

     “Receivables Facility Financing Costs” means such portion of the cash fees, service
charges, and other costs, as well as all collections or other amounts retained by purchasers of
receivables pursuant to a receivables purchase facility, which are in excess of amounts paid to the
Borrower and its consolidated Subsidiaries under any receivables purchase facility for the purchase
of receivables pursuant to such facility and are the equivalent of the interest component of the
financing if the transaction were characterized as an on-balance sheet transaction.

     “Receivables Purchase Documents” means (i) the 2000 Receivables Sale Agreement and
(ii) the 2009 Receivables Purchase Agreement, or any other series of receivables purchase or sale
agreements generally consistent with terms contained in comparable structured finance transactions
pursuant to which an Originator or Originators sell or transfer to SPVs all of their respective
right, title and interest in and to certain Receivables and Related Security for further sale or
transfer to other purchasers of or investors in such assets (in any such case, together with the
other documents, instruments and agreements executed in connection therewith), as any such
agreements may be amended, restated, supplemented or otherwise modified from time to time, or any
replacement, refinancing or substitution therefor consistent with the foregoing provisions of this
definition.

     “Receivables Purchase Facility” means the securitization facility made available to
the Borrower, pursuant to which the Receivables and Related Security of the Originators are
transferred to one or more SPVs, and thereafter to certain investors, pursuant to the terms and
conditions of the Receivables Purchase Documents.

     “Register” is defined in Section 13.3(D) hereof.

     “Regulation D” means Regulation D of the Board as from time to time in effect and any
successor thereto or other regulation or official interpretation of said Board relating to reserve
requirements applicable to member banks of the Federal Reserve System.

     “Regulation T” means Regulation T of the Board as from time to time in effect and any
successor or other regulation or official interpretation of said Board relating to the extension of
credit by and to brokers and dealers of securities for the purpose of purchasing or carrying margin
stock (as defined therein).

     “Regulation U” means Regulation U of the Board as from time to time in effect and any
successor or other regulation or official interpretation of said Board relating to the extension of
credit by banks, non-banks and non-broker lenders for the purpose of purchasing or carrying Margin
Stock applicable to member banks of the Federal Reserve System.

     “Regulation X” means Regulation X of the Board as from time to time in effect and any
successor or other regulation or official interpretation of said Board relating to the extension of

21

 

credit by foreign lenders for the purpose of purchasing or carrying margin stock (as defined
therein).

     “Reimbursement Obligation” is defined in Section 3.7 hereof.

     “Related Parties” means, with respect to any specified Person, such Person’s
Affiliates and the respective directors, officers, employees, agents and advisors of such Person
and such Person’s Affiliates.

     “Release” means any release, spill, emission, leaking, pumping, injection, deposit,
disposal, discharge, dispersal, leaching or migration into the environment, including the movement
of Contaminants through or in the air, soil, surface water or groundwater.

     “Replacement Lender” is defined in Section 2.19 hereof.

     “Reportable Event” means a reportable event as defined in Section 4043 of ERISA and
the regulations issued under such section, with respect to a Plan, excluding, however, such events
as to which the PBGC by regulation waived the requirement of Section 4043(a) of ERISA that it be
notified within thirty (30) days after such event occurs.

     “Required Lenders” means Lenders whose Pro Rata Shares, in the aggregate, are greater
than fifty percent (50%); provided, however, that, if any Lender shall have become
a Defaulting Lender, then for so long as such Lender is a Defaulting Lender, “Required Lenders”
means Lenders (excluding all Defaulting Lenders) whose Pro Rata Shares represent greater than fifty
percent (50%) of the aggregate Pro Rata Shares of such Lenders; provided further,
however, that, if the Revolving Loan Commitments have been terminated pursuant to the terms
of this Agreement, “Required Lenders” means Lenders (without regard to such Lenders’ performance of
their respective obligations hereunder) whose aggregate ratable shares (stated as a percentage) of
the aggregate outstanding principal balance of all Loans and L/C Obligations are greater than fifty
percent (50%).

     “Requirements of Law” means, as to any Person, the charter and by-laws or other
organizational or governing documents of such Person, and any law, rule or regulation, or
determination of an arbitrator or a court or other Governmental Authority, in each case applicable
to or binding upon such Person or any of its property or to which such Person or any of its
property is subject including, without limitation, the Securities Act of 1933, the Securities
Exchange Act of 1934, the Hart-Scott-Rodino Antitrust Improvements Act, as amended, Foreign
Competition Laws, Regulations T, U and X, ERISA, the Fair Labor Standards Act, the Worker
Adjustment and Retraining Notification Act, Americans with Disabilities Act of 1990, and any
certificate of occupancy, zoning ordinance, building, environmental or land use requirement or
permit or environmental, labor, employment, occupational safety or health law, rule or regulation,
including Environmental, Health or Safety Requirements of Law.

     “Revolving Credit Availability” means, at any particular time, the amount by which the
Aggregate Revolving Loan Commitment at such time exceeds the Revolving Credit Obligations
outstanding at such time.

22

 

     “Revolving Credit Obligations” means, at any particular time, the sum of (i) the
outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding Swing
Line Obligations at such time, plus (iii) the outstanding L/C Obligations at such time.

     “Revolving Loan” is defined in Section 2.1 hereof.

     “Revolving Loan Commitment” means, for each Lender, the obligation of such Lender to
make Revolving Loans and to purchase participations in Letters of Credit and to participate in
Swing Line Loans not exceeding the amount set forth on Exhibit A to this Agreement opposite
its name thereon under the heading “Revolving Loan Commitment” or in the Assignment and Assumption,
Increasing Lender Supplement or Augmenting Lender Supplement by which it became a Lender, as such
amount may be modified from time to time pursuant to the terms of this Agreement or to give effect
to any applicable Assignment and Assumption, Increasing Lender Supplement or Augmenting Lender
Supplement.

     “Revolving Loan Termination Date” means May 6, 2016.

     “Senior Management Team” means (a) each Authorized Officer, the chief executive
officer, secretary or any other member of management of the Borrower and (b) any chief executive
officer, president, vice president, chief financial officer, treasurer, secretary or any other
member of management of any Subsidiary Guarantor.

     “Senior Note Purchase Agreements” means, collectively, the 2003 Note Purchase
Agreement, the 2004 Note Purchase Agreement, the 2005 Note Purchase Agreement, the 2006 Note
Purchase Agreement and the 2007 Senior Note Purchase Agreement.

     “Senior Notes” means, collectively, the 2003 Senior Notes, the 2004 Senior Notes, the
2005 Senior Notes, the 2006 Senior Notes and the 2007 Senior Notes.

     “Solvent” means, when used with respect to any Person, that at the time of
determination:

     (i) the fair value of its assets (both at fair valuation and at present fair saleable
value) is equal to or in excess of the total amount of its liabilities, including, without
limitation, contingent liabilities; and

     (ii) it is then able and believes that it will be able to pay its debts as they
mature; and

     (iii) it has capital sufficient to carry on its business as conducted and as proposed
to be conducted.

With respect to contingent liabilities (such as litigation and guarantees), such liabilities shall
be computed at the amount which, in light of all the facts and circumstances existing at the time,
represent the amount which can be reasonably be expected to become an actual or matured liability.

23

 

     “SPV” means any special purpose entity established for the purpose of purchasing
receivables in connection with a receivables securitization transaction permitted under the terms
of this Agreement.

     “Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of
which is the number one and the denominator of which is the number one minus the aggregate of the
maximum reserve percentages (including any marginal, special, emergency or supplemental reserves)
expressed as a decimal established by the Board to which the Administrative Agent is subject, with
respect to the Eurodollar Rate, for eurocurrency funding (currently referred to as “Eurocurrency
Liabilities” in Regulation D of the Board). Such reserve percentages shall include those imposed
pursuant to such Regulation D. Eurodollar Rate Loans shall be deemed to constitute eurocurrency
funding and to be subject to such reserve requirements without benefit of or credit for proration,
exemptions or offsets that may be available from time to time to any Lender under such Regulation D
or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as
of the effective date of any change in any reserve percentage.

     “Subsidiary” of a Person means (i) any corporation more than 50% of the outstanding
securities having ordinary voting power of which shall at the time be owned or controlled, directly
or indirectly, by such Person or by one or more of its Subsidiaries or by such Person and one or
more of its Subsidiaries, or (ii) any partnership, limited liability company, association, joint
venture or similar business organization more than 50% of the ownership interests having ordinary
voting power of which shall at the time be so owned or controlled. Unless otherwise expressly
provided, all references herein to a “Subsidiary” means a Subsidiary of the Borrower.

     “Subsidiary Guarantors” means (i) as of the Closing Date, all of the Borrower’s
Material Domestic Subsidiaries and all other Subsidiaries which are required to become Subsidiary
Guarantors pursuant to Section 7.3(Q) as of such date; (ii) all New Subsidiaries which are
Material Domestic Subsidiaries and which have satisfied the provisions of Section
7.2(K)(a); (iii) all of the Borrower’s Subsidiaries which become Material Domestic Subsidiaries
and which have satisfied the provisions of Section 7.2(K)(b); and (iv) all other domestic
Subsidiaries which become Subsidiary Guarantors in satisfaction of the provisions of Section
7.2(K)(c)(i) or any Subsidiaries which become Subsidiary Guarantors in satisfaction of the
provisions of Section 7.2(K)(c)(ii), in each case with respect to clauses (i)
through (iv) above, other than the SPVs and together with their respective successors and
assigns.

     “Subsidiary Guaranty” means that certain Amended and Restated Guaranty dated as of the
Closing Date, executed by the Subsidiary Guarantors in favor of the Administrative Agent, for the
ratable benefit of the Lenders, the Swing Line Bank and the Issuing Banks, as it may be amended,
modified, supplemented and/or restated (including to add new Subsidiary Guarantors), and as in
effect from time to time.

     “Supplement” shall have the meaning set forth in Section 7.2(K).

     “Swing Line Bank” means JPMorgan pursuant to the terms hereof.

24

 

     “Swing Line Commitment” means the commitment of the Swing Line Bank, in its
discretion, to make Swing Line Loans up to a maximum principal amount of $10,000,000 at any one
time outstanding.

     “Swing Line Loan” means a Loan made available to the Borrower by the Swing Line Bank
pursuant to Section 2.2 hereof.

     “Swing Line Obligations” means, at any particular time, the aggregate principal amount
of all Swing Line Loans outstanding at such time. The Swing Line Obligations of any Lender at any
time shall be its Pro Rata Share of the total Swing Line Obligations at such time.

     “Taxes” means any and all present or future taxes, duties, levies, imposts,
deductions, assessments, fees, charges or withholdings, and any and all liabilities with respect to
the foregoing, but excluding Excluded Taxes, that are imposed on or with respect to any payment
made by the Borrower under any Loan Document.

     “Term Loan Credit Agreement” means that certain Term Loan Credit Agreement, dated as
of December 3, 2007, among the Borrower, the institutions from time to time parties thereto as
lenders, JPMorgan, as the administrative agent, Bank of America, N.A., as the syndication agent,
and Citibank, N.A., as the documentation agent, as the same may be amended, restated, supplemented,
modified, extended, or refinanced or replaced (to the extent such refinancing or replacement is
with the proceeds borrowed under another credit agreement, and, for the avoidance of doubt, not to
the extent of any refinancing or replacement with the proceeds of any private placement issuance),
from time to time in a manner that is not materially adverse to the interests of the Lenders.

     “Term Loan Credit Facility” means the credit facility evidenced by the Term Loan
Credit Agreement and the subsidiary guarantees and other instruments, documents and agreements
executed or delivered in connection therewith.

     “Termination Date” means the earliest of (a) the Revolving Loan Termination Date and
(b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to
Section 2.5(A) hereof or the Revolving Loan Commitments pursuant to Section 9.1
hereof.

     “Termination Event” means (i) a Reportable Event with respect to any Benefit Plan;
(ii) the withdrawal of the Borrower or any member of the Controlled Group from a Benefit Plan
during a plan year in which the Borrower or such Controlled Group member was a “substantial
employer” as defined in Section 4001(a)(2) of ERISA with respect to such plan; (iii) the imposition
of an obligation under Section 4041 of ERISA to provide affected parties written notice of intent
to terminate a Benefit Plan in a distress termination described in Section 4041(c) of ERISA; (iv)
the institution by the PBGC or any foreign governmental authority of proceedings to terminate or
appoint a trustee to administer a Benefit Plan or Foreign Pension Plan; (v) any event or condition
which might constitute grounds under Section 4042 of ERISA for the termination of, or the
appointment of a trustee to administer, any Benefit Plan; or (vi) the partial or complete
withdrawal of the Borrower or any member of the Controlled Group from a Multiemployer Plan.

25

 

     “Transferee” is defined in Section 13.5 hereof.

     “Transitional Letters of Credit” is defined in Section 3.2 hereof.

     “Trigger Quarter” is defined in Section 7.4(A) hereof.

     “2000 Receivables Sale Agreement” means that certain Receivables Sale Agreement, dated
as of April 4, 2000, as amended prior to the date of this Agreement and as further amended,
extended or replaced in a manner permitted by this Agreement, between Energizer Battery, Inc., a
Delaware corporation, and Energizer Receivables Funding Corporation, a Delaware corporation and an
SPV.

     “2003 Note Purchase Agreement” means that certain Note Purchase Agreement dated as of
June 1, 2003 as amended by the First Amendment to Note Purchase Agreement dated September 26, 2005
among the Borrower and the “Purchasers” referred to therein, under which the Borrower has issued
senior unsecured notes in an original aggregate principal amount of $700,000,000 (the “2003 Senior
Notes”), which shall be pari passu with the Obligations hereunder, the Banking Services Obligations
and the Hedging Obligations, as such 2003 Senior Notes and such Note Purchase Agreement may be
amended, restated, supplemented, modified, extended, or refinanced or replaced (to the extent such
refinancing or replacement is with the proceeds of another private placement issuance), from time
to time in a manner that is not materially adverse to the interests of the Lenders.

     “2003 Senior Notes” is defined in the definition of “2003 Note Purchase Agreement”
above.

     “2004 Note Purchase Agreement” means that certain Note Purchase Agreement dated as of
November 1, 2004 as amended by the First Amendment to Note Purchase Agreement dated September 26,
2005 among the Borrower and the “Purchasers” referred to therein, under which the Borrower has
issued senior unsecured notes in an original aggregate principal amount of $300,000,000 (the “2004
Senior Notes”), which shall be pari passu with the Obligations hereunder, the Banking Services
Obligations and the Hedging Obligations, as such 2004 Senior Notes and such Note Purchase Agreement
may be amended, restated, supplemented, modified, extended, or refinanced or replaced (to the
extent such refinancing or replacement is with the proceeds of another private placement issuance),
from time to time in a manner that is not materially adverse to the interests of the Lenders.

     “2004 Senior Notes” is defined in the definition of “2004 Note Purchase Agreement”
above.

     “2005 Note Purchase Agreement” means that certain Note Purchase Agreement dated as of
August 1, 2005 as amended by the First Amendment to Note Purchase Agreement dated September 26,
2005 among the Borrower and the “Purchasers” referred to therein, under which the Borrower has
issued senior unsecured notes in an original aggregate principal amount of

26

 

$325,000,000 (the “2005 Senior Notes”), which shall be pari passu with the Obligations
hereunder, the Banking Services Obligations and the Hedging Obligations, as such 2005 Senior Notes
and such Note Purchase Agreement may be amended, restated, supplemented, modified, extended, or
refinanced or replaced (to the extent such refinancing or replacement is with the proceeds of
another private placement issuance), from time to time in a manner that is not materially adverse
to the interests of the Lenders.

     “2005 Senior Notes” is defined in the definition of “2005 Note Purchase Agreement”
above.

     “2006 Note Purchase Agreement” means that certain Note Purchase Agreement dated as of
July 6, 2006 among the Borrower and the “Purchasers” referred to therein, under which the Borrower
has issued senior unsecured notes in an original aggregate principal amount of $500,000,000 (the
“2006 Senior Notes”), which shall be pari passu with the Obligations hereunder, the Banking
Services Obligations and the Hedging Obligations, as such 2006 Senior Notes and such Note Purchase
Agreement may be amended, restated, supplemented, modified, extended, or refinanced or replaced (to
the extent such refinancing or replacement is with the proceeds of another private placement
issuance), from time to time in a manner that is not materially adverse to the interests of the
Lenders.

     “2006 Senior Notes” is defined in the definition of “2006 Note Purchase Agreement”
above.

     “2007 Note Purchase Agreement” means that certain Note Purchase Agreement dated as of
October 15, 2007 among the Borrower and the “Purchasers” referred to therein, under which the
Borrower has issued senior unsecured notes in an original aggregate principal amount of
$890,000,000 (the “2007 Senior Notes”), which shall be pari passu with the Obligations hereunder,
the Banking Services Obligations and the Hedging Obligations, as such 2007 Senior Notes and such
Note Purchase Agreement may be amended, restated, supplemented, modified, extended, or refinanced
or replaced (to the extent such refinancing or replacement is with the proceeds of another private
placement issuance), from time to time in a manner that is not materially adverse to the interests
of the Lenders.

     “2007 Senior Notes” is defined in the definition of “2007 Note Purchase Agreement”
above.

     “2009 Receivables Purchase Agreement” means that certain Third Amended and Restated
Receivables Purchase Agreement, dated as of May 4, 2009, as amended by Amendment No. 1 to Third
Amended and Restated Receivables Purchase Agreement, dated as of May 5, 2009, as amended by
Amendment No. 2 to Third Amended and Restated Receivables Purchase Agreement, dated as of May 3,
2010, as amended by Amendment No. 3 to Third Amended and Restated Receivables Purchase Agreement,
dated as of February 24, 2011, and as amended by Amendment No. 4 to Third Amended and Restated
Receivables Purchase Agreement, dated as of May 2, 2011, and as further amended, extended or
replaced in a manner permitted by this Agreement, among Energizer Receivables Funding Corporation,
a Delaware corporation, as the seller thereunder, Energizer Battery, Inc., a Delaware corporation,
as the servicer thereunder,

27

 

Energizer Personal Care, LLC, a Delaware limited liability company, as sub-servicer, The Bank
of Tokyo-Mitsubishi UFJ, Ltd., New York Branch, as administrative agent thereunder, and the other
conduits and purchasers parties thereto.

     “Type” when used in reference to any Loan or Advance, refers to whether the rate of
interest on such Loan, or on the Loans comprising such Advance, is determined by reference to the
Eurodollar Rate or the Alternate Base Rate.

     “Unmatured Default” means an event which, but for the lapse of time or the giving of
notice, or both, would constitute a Default.

     The foregoing definitions shall be equally applicable to both the singular and plural forms of
the defined terms. Any accounting terms used in this Agreement which are not specifically defined
herein shall have the meanings customarily given them in accordance with generally accepted
accounting principles in existence as of the date hereof.

     1.2 References. Any references to Subsidiaries of the Borrower shall not in any way
be construed as consent by the Administrative Agent or any Lender to the establishment, maintenance
or acquisition of any Subsidiary, except as may otherwise be permitted hereunder.

     1.3 Amendment and Restatement of the Existing Credit Agreement.

     The parties to this Agreement agree that, upon (i) the execution and delivery by each of the
parties hereto of this Agreement and (ii) satisfaction of the conditions set forth in Section
5.1, the terms and provisions of the Existing Credit Agreement shall be and hereby are amended,
superseded and restated in their entirety by the terms and provisions of this Agreement. This
Agreement is not intended to and shall not constitute a novation. All “Loans” made and
“Obligations” incurred under and as defined in the Existing Credit Agreement which are outstanding
on the Closing Date shall continue as Loans and Obligations under (and shall be governed by the
terms of) this Agreement and the other Loan Documents, subject to any Departing Lender’s receipt of
payment in full in cash in immediately available funds of the Loans and other amounts owing to such
Departing Lender under the Existing Credit Agreement as described below. Without limiting the
foregoing, upon the effectiveness hereof: (a) all references in the “Loan Documents” (as defined in
the Existing Credit Agreement) to the “Administrative Agent”, the “Credit Agreement” and the “Loan
Documents” shall be deemed to refer to the Administrative Agent, this Agreement and the Loan
Documents, respectively, (b) the Transitional Letters of Credit which remain outstanding on the
Closing Date shall continue as Letters of Credit under (and shall be governed by the terms of) this
Agreement, (c) all obligations constituting “Obligations” (under and as defined in the Existing
Credit Agreement) with any Lender (other than a Departing Lender) or any Affiliate of any Lender
(other than a Departing Lender) which are outstanding on the Closing Date shall continue as
Obligations under this Agreement and the other Loan Documents, (d) notwithstanding any provisions
to the contrary in the Existing Credit Agreement, the Administrative Agent shall make such
reallocations, sales, assignments or other relevant actions in respect of each Lender’s credit and
loan exposure under the Existing Credit Agreement as are necessary in order that each such Lender’s
Revolving Credit Obligations hereunder reflects such Lender’s Pro Rata Share of Revolving Credit
Availability on the Closing Date, (e) the Existing Loans of each Departing

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Lender shall be repaid in full in cash in immediately available funds (accompanied by any
accrued and unpaid interest and fees thereon and any other amounts or liabilities owing to each
Departing Lender under the Existing Credit Agreement), each Departing Lender’s “Revolving Loan
Commitment” under the Existing Credit Agreement shall immediately terminate and be of no further
force and effect, each Departing Lender shall not be a Lender for any purpose hereunder (except to
the extent of any indemnification under the Existing Credit Agreement that is meant to continue to
apply to such Departing Lender by its express terms), and such Departing Lender shall be released
from any obligation or liability under the Existing Credit Agreement and (f) the Borrower hereby
agrees to compensate each Lender and each Departing Lender for any and all losses, costs and
expenses incurred by such Lender in connection with the sale and assignment of any Eurodollar Rate
Loans (including the “Eurodollar Rate Loans” under the Existing Credit Agreement) and such
reallocation described above, in each case on the terms and in the manner set forth in Section 4.4
hereof. Without limiting the forgoing, the parties hereto (including, without limitation, each
Departing Lender) hereby agree that the consent of any Departing Lender shall be limited to the
acknowledgements and agreements set forth in this Section 1.3 and shall not be required as
a condition to the effectiveness of any other amendments, restatements, supplements or
modifications to the Existing Credit Agreement or the Loan Documents.

ARTICLE II: THE REVOLVING LOAN FACILITY

     2.1 Existing Loans. (a) Prior to the Closing Date, certain “Revolving Loans” were
previously made to the Borrower under (and as defined in) the Existing Credit Agreement which
remain outstanding as of the date of this Agreement (such outstanding loans being hereinafter
referred to as the “Existing Loans”). Subject to the terms and conditions set forth in this
Agreement, the Borrower and each of the Lenders agree that on the Closing Date but subject to the
satisfaction of the conditions precedent set forth in Article V and the reallocation and
other transactions described in Section 1.3, the Existing Loans shall be reevidenced as
Revolving Loans under this Agreement and the terms of the Existing Loans shall be restated in their
entirety and shall be evidenced by this Agreement.

     (b) Revolving Loans. Upon the satisfaction of the conditions precedent set forth in
Sections 5.1 and 5.2, as applicable, from and including the Initial Funding Date
and prior to the Termination Date, each Lender severally and not jointly agrees, on the terms and
conditions set forth in this Agreement, to make revolving loans to the Borrower from time to time,
in Dollars, in an amount not to exceed such Lender’s Pro Rata Share of Revolving Credit
Availability at such time (each individually, a “Revolving Loan” and, collectively, the “Revolving
Loans”); provided, however, at no time shall the Revolving Credit Obligations
exceed the Aggregate Revolving Loan Commitment. Subject to the terms of this Agreement, the
Borrower may borrow, repay and reborrow Revolving Loans at any time prior to the Termination Date.
The Revolving Loans made on the Initial Funding Date or on or before the third (3rd)
Business Day thereafter shall initially be Floating Rate Loans and thereafter may be continued as
Floating Rate Loans or converted into Eurodollar Rate Loans in the manner provided in Section
2.9 and subject to the other conditions and limitations therein set forth and set forth in this
Article II and set forth in the definition of Interest Period; provided,
however, that if the Borrower delivers a Borrowing/Election Notice, signed by it, together
with appropriate documentation in form and substance satisfactory to the Administrative Agent
indemnifying the Lenders for the amounts

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described in Section 4.4 on or before the third (3rd) Business Day prior to
the Initial Funding Date, the Revolving Loans made on the Initial Funding Date may be Eurodollar
Rate Loans. Revolving Loans made after the Initial Funding Date shall be, at the option of the
Borrower, selected in accordance with Section 2.9, either Floating Rate Loans or Eurodollar
Rate Loans. On the Termination Date, the Borrower shall repay in full the outstanding principal
balance of the Revolving Loans. Each Advance under this Section 2.1 shall consist of
Revolving Loans made by each Lender ratably in proportion to such Lender’s respective Pro Rata
Share.

     (c) Borrowing/Election Notice; Making of Revolving Loans. The Borrower shall deliver
to the Administrative Agent a Borrowing/Election Notice, signed by it, in accordance with the terms
of Section 2.7. Promptly after receipt of the Borrowing/Election Notice under Section
2.7 in respect of Revolving Loans, the Administrative Agent shall notify each Lender by telex
or telecopy, or other similar form of transmission, of the requested Revolving Loan. Each Lender
shall make available its Revolving Loan in accordance with the terms of Section 2.6. The
Administrative Agent will promptly make the funds so received from the Lenders available to the
Borrower at the Administrative Agent’s office in Chicago, Illinois on the applicable Borrowing Date
and shall disburse such proceeds in accordance with the Borrower’s disbursement instructions set
forth in such Borrowing/Election Notice. The failure of any Lender to deposit the amount described
above with the Administrative Agent on the applicable Borrowing Date shall not relieve any other
Lender of its obligations hereunder to make its Revolving Loan on such Borrowing Date.

     2.2 Swing Line Loans. (A) Amount of Swing Line Loans. Upon the satisfaction
of the conditions precedent set forth in Section 5.1 and 5.2, as applicable, from
and including the Initial Funding Date and prior to the Termination Date, the Swing Line Bank may,
in its discretion, on the terms and conditions set forth in this Agreement, make swing line loans
to the Borrower from time to time, in Dollars, in an amount not to exceed the Swing Line Commitment
(each, individually, a “Swing Line Loan” and collectively, the “Swing Line Loans”);
provided, however, at no time shall the Revolving Credit Obligations exceed the
Aggregate Revolving Loan Commitment; and provided, further, that at no time shall
the sum of (a) the outstanding amount of the Swing Line Bank’s Pro Rata Share of the Swing Line
Loans, plus (b) the outstanding amount of Revolving Loans made by the Swing Line Bank pursuant to
Section 2.1, exceed the Swing Line Bank’s Revolving Loan Commitment at such time. Subject
to the terms of this Agreement, the Borrower may borrow, repay and reborrow Swing Line Loans at any
time prior to the Termination Date.

     (B) Borrowing/Election Notice for Swing Line Loans. The Borrower shall deliver to
the Administrative Agent and the Swing Line Bank a Borrowing/Election Notice, signed by it, not
later than noon (Chicago time) on the Borrowing Date of each Swing Line Loan, specifying (i) the
applicable Borrowing Date (which date shall be a Business Day and which may be the same date as the
date the Borrowing/Election Notice is given), and (ii) the aggregate amount of the requested Swing
Line Loan which shall be an amount not less than $500,000 and increments of $100,000 in excess
thereof. The Swing Line Loans shall at all times be Floating Rate Loans or shall bear interest at
such other rate as shall be agreed to between the Borrower and the Swing Line Bank at the time of
the making of such Swing Line Loans.

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     (C) Making of Swing Line Loans. Promptly after receipt of the
Borrowing/Election Notice under Section 2.2(B) in respect of Swing Line Loans, the Swing
Line Bank may, in its sole discretion make available its Swing Line Loan, in funds immediately
available to the Administrative Agent at its address specified pursuant to Article XIV.
The Administrative Agent will promptly make the funds so received from the Swing Line Bank
available to the Borrower on the Borrowing Date at the Administrative Agent’s aforesaid address.

     (D) Repayment of Swing Line Loans. Each Swing Line Loan shall be paid in full by the
Borrower on or before the fifth (5th) Business Day after the Borrowing Date for such
Swing Line Loan. The Borrower may at any time pay, without penalty or premium, all outstanding
Swing Line Loans or, in a minimum amount of $500,000 and increments of $100,000 in excess thereof,
any portion of the outstanding Swing Line Loans, upon notice to the Administrative Agent and the
Swing Line Bank. In addition, the Administrative Agent (i) may at any time in its sole discretion
with respect to any outstanding Swing Line Loan, or (ii) shall, in the event the Borrower shall not
have otherwise repaid such Loan, on the fifth (5th) Business Day after the Borrowing
Date of any Swing Line Loan, require each Lender (including the Swing Line Bank) to make a
Revolving Loan in the amount of such Lender’s Pro Rata Share of such Swing Line Loan, for the
purpose of repaying such Swing Line Loan. The making of such Revolving Loans by the Lenders shall
discharge the Borrower’s obligation under the first sentence of this Section 2.2(D) and
such failure to pay shall not constitute a Default by the Borrower. Promptly following receipt of
notice pursuant to this Section 2.2(D) from the Administrative Agent, each Lender shall
make available its required Revolving Loan or Revolving Loans, in funds immediately available to
the Administrative Agent at its address specified pursuant to Article XIV. Revolving Loans
made pursuant to this Section 2.2(D) shall initially be Floating Rate Loans and thereafter
may be continued as Floating Rate Loans or converted into Eurodollar Rate Loans in the manner
provided in Section 2.9 and subject to the other conditions and limitations therein set
forth and set forth in this Article II. Unless a Lender shall have notified the Swing Line
Bank, prior to its making any Swing Line Loan, that any applicable condition precedent set forth in
Sections 5.1 and 5.2, as applicable, had not then been satisfied, such Lender’s
obligation to make Revolving Loans pursuant to this Section 2.2(D) to repay Swing Line
Loans shall be unconditional, continuing, irrevocable and absolute and shall not be affected by any
circumstances, including, without limitation, (a) any set-off, counterclaim, recoupment, defense or
other right which such Lender may have against the Administrative Agent, the Swing Line Bank or any
other Person, (b) the occurrence or continuance of a Default or Unmatured Default, (c) any adverse
change in the condition (financial or otherwise) of the Borrower or (d) any other circumstances,
happening or event whatsoever. In the event that any Lender fails to make payment to the
Administrative Agent of any amount due under this Section 2.2(D), the Administrative Agent
shall be entitled to receive, retain and apply against such obligation the principal and interest
otherwise payable to such Lender hereunder until the Administrative Agent receives such payment
from such Lender or such obligation is otherwise fully satisfied. In addition to the foregoing, if
for any reason any Lender fails to make payment to the Administrative Agent of any amount due under
this Section 2.2(D), such Lender shall be deemed, at the option of the Administrative
Agent, to have unconditionally and irrevocably purchased from the Swing Line Bank, without recourse
or warranty, an undivided interest and participation in the applicable Swing Line Loan in the
amount of such Revolving Loan, and such interest and participation may be recovered from such
Lender together with interest thereon at the Federal Funds Effective Rate for each day during the
period commencing on the date of

31

 

demand and ending on the date such amount is received. On the Termination Date, the Borrower
shall repay in full the outstanding principal balance of the Swing Line Loans.

     2.3 Rate Options for all Advances; Maximum Interest Periods. The Swing Line Loans
shall be Floating Rate Loans at all times or shall bear interest at such other rate as may be
agreed to between the Borrower and the Swing Line Bank at the time of the making of any such Swing
Line Loan. The Revolving Loans may be Floating Rate Advances or Eurodollar Rate Advances, or a
combination thereof, selected by the Borrower in accordance with Section 2.9. The Borrower
may select, in accordance with Section 2.9, rate options and Interest Periods applicable to
the Revolving Loans; provided that there shall be no more than eight (8) Interest Periods
in effect with respect to all of the Loans at any time.

     2.4 Optional Payments. The Borrower may from time to time and at any time upon at
least one (1) Business Day’s prior written notice repay or prepay, without penalty or premium all
or any part of outstanding Floating Rate Advances in an aggregate minimum amount of $10,000,000 and
in integral multiples of $1,000,000 in excess thereof. Eurodollar Rate Advances may be voluntarily
repaid or prepaid prior to the last day of the applicable Interest Period, subject to the
indemnification provisions contained in Section 4.4, provided, that the Borrower
may not so prepay Eurodollar Rate Advances unless it shall have provided at least three (3)
Business Days’ prior written notice to the Administrative Agent of such prepayment and
provided, further, that optional prepayments of Eurodollar Rate Advances made
pursuant to Section 2.1 shall be for the entire amount of the outstanding Eurodollar Rate
Advance.

     2.5 Reduction of Revolving Loan Commitments; Expansion Option.

     (A) Reduction of Revolving Loan Commitments. The Borrower may permanently reduce the
Aggregate Revolving Loan Commitment in whole, or in part ratably among the Lenders, in an aggregate
minimum amount of $25,000,000 and integral multiples of $5,000,000 in excess of that amount (unless
the Aggregate Revolving Loan Commitment is reduced in whole), upon at least three (3) Business
Days’ prior written notice to the Administrative Agent, which notice shall specify the amount of
any such reduction; provided, however, that the amount of the Aggregate Revolving
Loan Commitment may not be reduced below the aggregate principal amount of the outstanding
Revolving Credit Obligations. All accrued Facility Fees shall be payable on the effective date of
any termination of the obligations of the Lenders to make Loans hereunder and all accrued Facility
Fees shall be payable upon any reduction of the Aggregate Revolving Loan Commitment on the amount
so reduced.

     (B) Expansion Option.

     (i) The Borrower may from time to time elect to increase the Aggregate Revolving Loan
Commitment or enter into one or more tranches of term loans (each an “Incremental Term Loan”), in
each case in minimum amounts of $50,000,000 and increments of $10,000,000 so long as, after giving
effect thereto, the aggregate amount of such increases in the Aggregate Revolving Loan Commitment
and all such Incremental Term Loans does not exceed $300,000,000. The Borrower may arrange for any
such increase or tranche to be provided by one or more existing Lenders (each existing Lender so
agreeing to an increase in its Revolving Loan Commitment, or to participate in such Incremental
Term Loans, an “Increasing Lender”),

32

 

or by one or more new banks, financial institutions or other entities (each such new bank,
financial institution or other entity, an “Augmenting Lender”), to increase their existing
Revolving Loan Commitments, or to participate in such Incremental Term Loans, or extend Revolving
Loan Commitments, as the case may be; provided that (i) each Augmenting Lender, shall be subject to
the approval of the Borrower and the Administrative Agent and, in the case of an increase to the
Aggregate Revolving Loan Commitments, JPMorgan in its capacity as an Issuing Bank (which consent
shall not be unreasonably withheld or delayed), and (ii) (x) in the case of an Increasing Lender,
the Borrower and such Increasing Lender execute an agreement substantially in the form of
Exhibit F-1 hereto (each, an “Increasing Lender Supplement”), and (y) in the case of an
Augmenting Lender, the Borrower and such Augmenting Lender execute an agreement substantially in
the form of Exhibit F-2 hereto (each, an “Augmenting Lender Supplement”). No consent of
any Lender (other than the Lenders participating in the increase to the Aggregate Revolving Loan
Commitment or any Incremental Term Loan) shall be required for any increase in Revolving Loan
Commitments or Incremental Term Loan pursuant to this Section 2.5(B)(i). Increases in and
new Revolving Loan Commitments and Incremental Term Loans created pursuant to this Section
2.5(B)(i) shall become effective on the date agreed by the Borrower, the Administrative Agent
and the relevant Increasing Lenders or Augmenting Lenders, and the Administrative Agent shall
notify each Lender thereof. Notwithstanding the foregoing, no increase in the Aggregate Revolving
Loan Commitment (or in the Revolving Loan Commitment of any Lender) or tranche of Incremental Term
Loans shall become effective under this paragraph unless:

     (1) on the proposed date of the effectiveness of such increase or Incremental Term
Loans, (1) the conditions set forth in paragraphs (i) and (ii) of Section 5.2 shall
be satisfied or waived by the Required Lenders and the Administrative Agent shall have
received a certificate to that effect dated such date and executed by an Authorized Officer
of the Borrower and (2) the Borrower shall be in compliance (on a pro forma basis reasonably
acceptable to the Administrative Agent) with the covenants contained in Section 7.4
as if (x) in the case of any Incremental Term Loan, such Incremental Term Loans had been
outstanding on the last day of the most recent fiscal quarter for which financial statements
are available for testing compliance therewith or (y) in the case of any increased Revolving
Loan Commitments, all Revolving Loans available under the Aggregate Revolving Loan
Commitment, including any such increased Revolving Loan Commitments, had been outstanding on
the last day of the most recent fiscal quarter for which financial statements are available
for testing compliance therewith, and the Administrative Agent shall have received a
certificate to that effect dated such date and executed by an Authorized Officer of the
Borrower, and

     (2) the Administrative Agent shall have received documents consistent with those
delivered pursuant to Section 5.1 as to the corporate power and authority of the
Borrower to borrow hereunder after giving effect to such increase (including, without
limitation, opinions of counsel for the Borrower and the Subsidiary Guarantors in form and
substance reasonably satisfactory to the Administrative Agent).

     (ii) On the effective date of any increase in the Revolving Loan Commitments or any
Incremental Term Loans being made, (i) each relevant Increasing Lender and Augmenting Lender shall
make available to the Administrative Agent such amounts in immediately available

33

 

funds as the Administrative Agent shall determine, for the benefit of the other Lenders, as
being required in order to cause, after giving effect to such increase and the use of such amounts
to make payments to such other Lenders, each Lender’s portion of the outstanding Revolving Loans of
all the Lenders to equal such Lender’s Pro Rata Share of Revolving Credit Availability at such
time, and (ii) except in the case of any Incremental Term Loans, the Borrower shall be deemed to
have repaid and reborrowed all outstanding Revolving Loans as of the date of any increase in the
Revolving Loan Commitments (with such reborrowing to consist of the Types of Revolving Loans, with
related Interest Periods if applicable, specified in a Borrowing/Election Notice delivered by the
Borrower in accordance with the requirements of Section 2.7). The deemed payments made pursuant to
clause (ii) of the immediately preceding sentence shall be accompanied by payment of all accrued
interest on the amount prepaid and, in respect of each Eurodollar Rate Loan, shall be subject to
indemnification by the applicable Borrowers pursuant to the provisions of Section 4.4 if the deemed
payment occurs other than on the last day of the related Interest Periods.

     (iii) Any tranche of Incremental Term Loans (a) shall rank pari passu in right of payment with
the Revolving Loans, (b) shall not mature earlier than the Termination Date, (c) shall not have a
shorter weighted average life to maturity than the Revolving Loans, and (d) shall be treated
substantially the same as (and in any event no more favorably than) the Revolving Loans; provided
that (i) the terms and conditions applicable to any tranche of Incremental Term Loans maturing
after the Termination Date may provide for material additional or different financial or other
covenants or prepayment requirements applicable only during periods after the Termination Date and
(ii) the Incremental Term Loans may be priced differently than the Revolving Loans. Incremental
Term Loans may be made hereunder pursuant to an amendment or an amendment and restatement (an
“Incremental Term Loan Amendment”) of this Agreement and, as appropriate, the other Loan Documents,
executed by the Borrower, each Increasing Lender participating in such tranche, each Augmenting
Lender participating in such tranche, if any, and the Administrative Agent. The Incremental Term
Loan Amendment may, without the consent of any other Lenders, effect such amendments to this
Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable
opinion of the Administrative Agent, to effect the provisions of this Section 2.5(B).
Nothing contained in this Section 2.5(B) shall constitute, or otherwise be deemed to be, a
commitment on the part of any Lender to increase its Revolving Loan Commitment hereunder, or
provide Incremental Term Loans, at any time.

     2.6 Method of Borrowing. Not later than 2:00 p.m. (Chicago time) on each Borrowing
Date, each Lender shall make available its Revolving Loan, in immediately available funds, to the
Administrative Agent at its address specified pursuant to Article XIV. The Administrative
Agent will promptly make the funds so received from the Lenders available to the Borrower at the
Administrative Agent’s aforesaid address.

     2.7 Method of Selecting Types and Interest Periods for Advances. The Borrower shall
select the Type of Advance and, in the case of each Eurodollar Rate Advance, the Interest Period
applicable to each Advance from time to time. The Borrower shall give the Administrative Agent
irrevocable notice in substantially the form of Exhibit B hereto (a “Borrowing/Election
Notice”) not later than 11:00 a.m. (Chicago time) (a) on or before the Borrowing Date of each
Floating Rate Advance and (b) three (3) Business Days before the

34

 

Borrowing Date for each Eurodollar Rate Advance specifying: (i) the Borrowing Date (which
shall be a Business Day) of such Advance; (ii) the aggregate amount of such Advance; (iii) the Type
of Advance selected; and (iv) in the case of each Eurodollar Rate Advance, the Interest Period
applicable thereto; provided, however, that with respect to the borrowing on the
Initial Funding Date, such notice shall be delivered in accordance with the terms of Section
2.1(b) and shall be accompanied by the documentation specified in such Section, if applicable.
The Borrower shall select Interest Periods so that, to the best of the Borrower’s knowledge, it
will not be necessary to prepay all or any portion of any Eurodollar Rate Advance prior to the last
day of the applicable Interest Period in order to make mandatory prepayments as required pursuant
to the terms hereof. Each Floating Rate Advance and all Obligations other than Loans shall bear
interest from and including the date of the making of such Advance, in the case of Floating Rate
Advances, and the date such Obligation is due and owing in the case of such other Obligations, to
(but not including) the date of repayment thereof at the Alternate Base Rate, changing when and as
such Alternate Base Rate changes. Changes in the rate of interest on that portion of the Loans
maintained as Floating Rate Loans will take effect simultaneously with each change in the Alternate
Base Rate. Each Eurodollar Rate Advance shall bear interest from and including the first day of
the Interest Period applicable thereto to (but not including) the last day of such Interest Period
at the interest rate determined as applicable to such Eurodollar Rate Advance, changing when and as
the Applicable Margin changes. Changes in the rate of interest on that portion of the Loans
maintained as Eurodollar Rate Advances will take effect simultaneously with each change in the
Applicable Margin.

     2.8 Minimum Amount of Each Advance. Each Advance (other than an Advance to repay
Swing Line Loans or a Reimbursement Obligation) shall be in the minimum amount of $10,000,000 (and
in multiples of $1,000,000 if in excess thereof); provided, however, that any
Floating Rate Advance may be in the amount of the unused Aggregate Revolving Loan Commitment.

     2.9 Method of Selecting Types and Interest Periods for Conversion and Continuation of
Advances.

     (A) Right to Convert. The Borrower may elect from time to time, subject to the
provisions of Section 2.3, this Section 2.9 and Section 5.2 to convert all
or any part of a Loan of any Type into any other Type or Types of Loans; provided that any
conversion of any Eurodollar Rate Advance shall be made on, and only on, the last day of the
Interest Period applicable thereto.

     (B) Automatic Conversion and Continuation. Floating Rate Loans shall continue as
Floating Rate Loans unless and until such Floating Rate Loans are repaid or converted into
Eurodollar Rate Loans. Eurodollar Rate Loans shall continue as Eurodollar Rate Loans until the end
of the then applicable Interest Period therefor, at which time such Eurodollar Rate Loans shall be
automatically converted into Floating Rate Loans unless the Borrower shall have repaid such Loans
or given the Administrative Agent a Borrowing/Election Notice in accordance with Section
2.9(D) requesting that, at the end of such Interest Period, such Eurodollar Rate Loans continue
as a Eurodollar Rate Loan.

35

 

     (C) No Conversion Post-Default. Notwithstanding anything to the contrary contained in
Section 2.9(A) or Section 2.9(B), no Loan may be converted into or continued as a
Eurodollar Rate Loan (except with the consent of the Required Lenders) when any Default has
occurred and is continuing.

     (D) Borrowing/Election Notice. The Borrower shall give the Administrative Agent an
irrevocable Borrowing/Election Notice of each conversion of a Floating Rate Loan into a Eurodollar
Rate Loan or continuation of a Eurodollar Rate Loan not later than 11:00 a.m. (Chicago time) three
(3) Business Days prior to the date of the requested conversion or continuation, specifying: (i)
the requested date (which shall be a Business Day) of such conversion or continuation; (ii) the
amount and Type of the Loan to be converted or continued; and (iii) the amount of Eurodollar Rate
Loan(s) into which such Loan is to be converted or continued, and the duration of the Interest
Period applicable thereto.

     2.10 Default Rate. After the occurrence and during the continuance of a Default, the
Administrative Agent or the Required Lenders may, at their option, by notice to the Borrower
declare that, (a) the interest rate(s) applicable to the Obligations (other than Eurodollar Rate
Advances, Letter of Credit fees under Section 3.8(i) and Facility Fees) shall be equal to
the Alternate Base Rate, changing as and when the Alternate Base Rate changes, or, for Eurodollar
Rate Advances, the then highest Eurodollar Rate (utilizing the highest Applicable Margin in effect
from time to time), in each case, plus two percent (2.00%) per annum for all Loans and
other Obligations, (b) the fees payable under Section 3.8(i) with respect to Letters of
Credit shall be calculated using the highest Applicable L/C Fee Percentage plus two percent
(2.00%) per annum and (c) the Facility Fees shall be calculated using the highest Applicable
Facility Fee Percentage; provided, that after the occurrence and during the continuance of
a Default under Sections 8.1(F), (G) or (I), the interest rate described in
clause (a) above, the Letter of Credit Fee described in clause (b) above and the
Facility Fee described in clause (c) above shall be applicable without any election or
action on the part of the Administrative Agent or any other Lender.

     2.11 Method of Payment. All payments of principal, interest, fees, commissions and L/C
Obligations hereunder shall be made, without setoff, deduction or counterclaim, in immediately
available funds to the Administrative Agent at the Administrative Agent’s address specified
pursuant to Article XIV, or at any other Lending Installation of the Administrative Agent
specified in writing by the Administrative Agent to the Borrower, by 2:00 p.m. (Chicago time) on
the date when due and shall be made ratably among the Lenders (unless such amount is not to be
shared ratably in accordance with the terms hereof). Each payment delivered to the Administrative
Agent for the account of any Lender shall be delivered promptly by the Administrative Agent to such
Lender in the same type of funds which the Administrative Agent received at its address specified
pursuant to Article XIV or at any Lending Installation specified in a notice received by
the Administrative Agent from such Lender. The Borrower authorizes the Administrative Agent to
charge the account of the Borrower maintained with JPMorgan for each payment of principal,
interest, fees, commissions and L/C Obligations as it becomes due hereunder. Each reference to the
Administrative Agent in this Section 2.11 shall also be deemed to refer, and shall apply
equally, to each Issuing Bank, in the case of payments required to be made by the Borrower to such
Issuing Bank pursuant to Article III.

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     2.12 Evidence of Debt; Noteless Agreement.

     (A) Each Lender shall maintain in accordance with its usual practice an account or accounts
evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made by such
Lender from time to time, including the amounts of principal and interest payable and paid to such
Lender from time to time hereunder.

     (B) The Administrative Agent shall also maintain accounts in which it will record (i) the
amount of each Loan made hereunder, the Type thereof and the Interest Period, if any, with respect
thereto, (ii) the amount of any principal or interest due and payable or to become due and payable
from the Borrower to each Lender hereunder, (iii) the original stated amount of each Letter of
Credit and the amount of the L/C Obligations outstanding at any time and (iv) the amount of any sum
received by the Administrative Agent hereunder from the Borrower and each Lender’s share thereof.

     (C) The entries made in the accounts maintained pursuant to clauses (A) and
(B) above shall be prima facie evidence of the existence and amounts of the Obligations
therein recorded unless the Borrower objects to information contained therein within thirty (30)
days of the Borrower’s receipt of such information; provided, however, that the
failure of any Lender or the Administrative Agent to maintain such accounts or any error therein
shall not in any manner affect the obligation of the Borrower to repay the Obligations in
accordance with the terms of this Agreement.

     (D) Any Lender may request that its Loans be evidenced by a promissory note. In such event,
the Borrower shall prepare, execute and deliver to such Lender a promissory note for such Loans
payable to the order of such Lender and in a form approved by the Administrative Agent in its
reasonable discretion and consistent with the terms of this Agreement. Thereafter, the Loans
evidenced by such promissory note and interest thereon shall at all times (prior to any assignment
pursuant to Section 13.3) be represented by one or more promissory notes in such form,
payable to the order of the payee named therein, except to the extent that any such Lender
subsequently returns any such note for cancellation and requests that such Loans once again be
evidenced as described in clauses (A) and (B) above.

     2.13 Telephonic Notices. The Borrower authorizes the Lenders and the Administrative
Agent to extend, convert or continue Advances, effect selections of Types of Advances and to
transfer funds based on telephonic notices made by any person or persons the Administrative Agent
or any Lender in good faith believes to be acting on behalf of the Borrower. The Borrower agrees
to deliver promptly to the Administrative Agent a written confirmation, signed by an Authorized
Officer of the Borrower, if such confirmation is requested by the Administrative Agent or any
Lender, of each telephonic notice. If the written confirmation differs in any material respect
from the action taken by the Administrative Agent and the Lenders, the records of the
Administrative Agent and the Lenders with respect to such telephonic notice shall govern absent
manifest error. In case of disagreement concerning such notices, if the Administrative Agent has
recorded telephonic Borrowing/Election Notices, such recordings will be made available to the
Borrower upon the Borrower’s request therefor.

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     2.14 Promise to Pay; Interest and Facility Fees; Interest Payment Dates; Interest and Fee
Basis; Loan and Control Accounts.

     (A) Promise to Pay. The Borrower unconditionally promises to pay when due the
principal amount of each Loan and all other Obligations incurred by it, and to pay all unpaid
interest accrued thereon, in accordance with the terms of this Agreement and the other Loan
Documents.

     (B) Interest Payment Dates. Interest accrued on each Floating Rate Loan shall be
payable on each Payment Date, commencing with the first such date to occur after the date hereof
and on any date on which such Floating Rate Loan is prepaid, whether by acceleration or otherwise
and at maturity. Interest accrued on each Eurodollar Rate Loan shall be payable on the last day of
its applicable Interest Period, on any date on which the Eurodollar Rate Loan is prepaid, whether
by acceleration or otherwise, and at maturity. Interest accrued on each Eurodollar Rate Loan
having an Interest Period longer than three months shall also be payable on the last day of each
three-month interval during such Interest Period. Interest accrued on the principal balance of all
other Obligations shall be payable in arrears (i) on each Payment Date, commencing on the first
such day following the incurrence of such Obligation, (ii) upon repayment thereof in full or in
part, and (iii) if not theretofore paid in full, at the time such other Obligation becomes due and
payable (whether by acceleration or otherwise).

     (C) Facility Fees and Administrative Agent’s and Arrangers’ Fees.

     (i) The Borrower shall pay to the Administrative Agent, for the account of the Lenders in
accordance with their Pro Rata Shares, from and after the Closing Date until the Termination Date,
a facility fee (the “Facility Fee”) accruing at the per annum rate of the then Applicable Facility
Fee Percentage, on the Aggregate Revolving Loan Commitment (whether used or unused). All such
Facility Fees payable under this clause (C)(i) shall be payable quarterly in arrears on
each Payment Date occurring after the Closing Date (with the first such payment being calculated
for the period from the Closing Date and ending on June 30, 2011), and on the Termination Date.

     (ii) The Borrower shall pay to the Administrative Agent for the sole account of the
Administrative Agent, the fees payable at the times and in the amounts separately agreed.

     (D) Interest and Fee Basis; Applicable Margin, Applicable Facility Fee Percentage and
Applicable L/C Fee Percentage.

     (i) Interest accrued on Eurodollar Rate Advances, fees payable with respect to Letters of
Credit and Facility Fees shall be calculated for actual days elapsed on the basis of a year of 360
days, and interest accrued on Floating Rate Advances and Swing Line Loans where the basis for
calculation is the Alternate Base Rate shall be calculated for actual days elapsed on the basis of
a year of 365, or when appropriate 366, days. Interest shall be payable for the day an Obligation
is incurred but not for the day of any payment on the amount paid if payment is received prior to
2:00 p.m. (Chicago time) at the place of payment. If any payment of principal of or interest on a
Loan or any payment of any other Obligations shall become due on a day which is not a Business Day,
such payment shall be made on the next succeeding Business Day

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and, in the case of a principal payment, such extension of time shall be included in computing
interest, fees and commissions in connection with such payment.

     (ii) The Applicable Margin, Applicable Facility Fee Percentage and Applicable L/C Fee
Percentage shall be determined from time to time by reference to the Pricing Schedule on the basis
of the then applicable ratio of (i) the sum of all Indebtedness of the Borrower and its
Subsidiaries to (ii) EBITDA (such ratio, the “Leverage Ratio”), as described in such
Pricing Schedule. For purposes of such Pricing Schedule, the Leverage Ratio shall be calculated as
of the last day of each fiscal quarter based upon (a) for Indebtedness, Indebtedness as of the last
day of each such fiscal quarter; and (b) for EBITDA, the actual amount for the four-quarter period
ending on such day, calculated, with respect to Permitted Acquisitions, on a pro forma basis using
unadjusted historical audited and reviewed unaudited financial statements obtained from the seller
(with the EBITDA component thereof broken down by fiscal quarter in the Borrower’s reasonable
judgment).

     2.15 Notification of Advances, Interest Rates, Prepayments and Aggregate Revolving Loan
Commitment Reductions. Promptly after receipt thereof, the Administrative Agent will notify
each Lender of the contents of each Aggregate Revolving Loan Commitment reduction notice,
Increasing Lender Supplement, Augmenting Lender Supplement, Borrowing/Election Notice, repayment
notice and issuance of Letter of Credit notice received by it hereunder. The Administrative Agent
will notify each Lender of the interest rate applicable to each Eurodollar Rate Loan promptly upon
determination of such interest rate and will give each Lender prompt notice of each change in the
Alternate Base Rate.

     2.16 Lending Installations. Each Lender may book its Loans or Letters of Credit at
any Lending Installation selected by such Lender and may change its Lending Installation from time
to time. All terms of this Agreement shall apply to any such Lending Installation. Subject to the
provisions of Section 4.6, each Lender may, by written or facsimile notice to the
Administrative Agent and the Borrower, designate a Lending Installation through which Loans will be
made by it and for whose account Loan payments and/or payments of L/C Obligations are to be made.

     2.17 Non-Receipt of Funds by the Administrative Agent. Unless the Borrower or a
Lender, as the case may be, notifies the Administrative Agent prior to the date on which it is
scheduled to make payment to the Administrative Agent of (i) in the case of a Lender, the proceeds
of a Loan or (ii) in the case of the Borrower, a payment of principal, interest or fees to the
Administrative Agent for the account of the Lenders, that it does not intend to make such payment,
the Administrative Agent may assume that such payment has been made. The Administrative Agent may,
but shall not be obligated to, make the amount of such payment available to the intended recipient
in reliance upon such assumption. If such Lender or the Borrower, as the case may be, has not in
fact made such payment to the Administrative Agent, the recipient of such payment shall, on demand
by the Administrative Agent, repay to the Administrative Agent the amount so made available
together with interest thereon in respect of each day during the period commencing on the date such
amount was so made available by the Administrative Agent until the date the Administrative Agent
recovers such amount at a rate per annum equal to (i) in the case of payment by a Lender, the
Federal Funds Effective Rate for such

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day or (ii) in the case of payment by the Borrower, the interest rate applicable to the
relevant Loan.

     2.18 Termination Date. This Agreement shall be effective until the Termination Date.
Notwithstanding the termination of this Agreement, until all of the Obligations (other than
contingent indemnity obligations) shall have been fully and indefeasibly paid and satisfied in cash
(to the full extent that such Obligations are payable in cash), all financing arrangements among
the Borrower and the Lenders under or in connection with this Agreement and the other Loan
Documents shall have been terminated and all of the Letters of Credit shall have expired, been
canceled or terminated, all of the rights and remedies under this Agreement and the other Loan
Documents shall survive.

     2.19 Replacement of Certain Lenders. In the event a Lender (an “Affected Lender”)
shall have: (i) become a Defaulting Lender, (ii) requested compensation from the Borrower under
Sections 4.1, 4.2 or 4.5 to recover Taxes, Other Taxes or other additional
costs incurred by such Lender which are not being incurred generally by the other Lenders, (iii)
delivered a notice pursuant to Section 4.3 claiming that such Lender is unable to extend
Eurodollar Rate Loans to the Borrower for reasons not generally applicable to the other Lenders or
(iv) has invoked Section 10.2, then, in any such case, the Borrower or the Administrative
Agent may make written demand on such Affected Lender (with a copy to the Administrative Agent in
the case of a demand by the Borrower and a copy to the Borrower in the case of a demand by the
Administrative Agent) for the Affected Lender to assign, and such Affected Lender shall use
commercially reasonable efforts to assign five (5) Business Days after the date of such demand, to
one or more financial institutions that comply with the provisions of Section 13.3 which
the Borrower or the Administrative Agent, as the case may be, shall have engaged for such purpose
(“Replacement Lender”), all of such Affected Lender’s rights and obligations under this Agreement
and the other Loan Documents (including, without limitation, its Revolving Loan Commitment, all
Loans owing to it, all of its participation interests in existing Letters of Credit, and its
obligation to participate in additional Letters of Credit and Swing Line Loans hereunder) in
accordance with Section 13.3. The Administrative Agent agrees, upon the occurrence of such
events with respect to an Affected Lender and upon the written request of the Borrower, to use its
reasonable efforts to obtain the commitments from one or more financial institutions to act as a
Replacement Lender. The Administrative Agent is authorized to execute any Assignment and
Assumption as attorney-in-fact for any Affected Lender failing to execute and deliver the same
within five (5) Business Days after the date of such demand. Further, with respect to such
assignment the Affected Lender shall have concurrently received, in cash, all amounts due and owing
to the Affected Lender hereunder or under any other Loan Document, including, without limitation,
the aggregate outstanding principal amount of the Loans owed to such Lender, together with accrued
interest thereon through the date of such assignment, amounts payable under Sections 4.1,
4.2 and 4.5 with respect to such Affected Lender and compensation payable under
Section 2.14(C) in the event of any replacement of any Affected Lender under clause
(ii) or clause (iii) of this Section 2.19; provided that upon such
Affected Lender’s replacement, such Affected Lender shall cease to be a party hereto but shall
continue to be entitled to the benefits of Sections 4.1, 4.2, 4.4,
4.5 and 10.7, as well as to any fees accrued for its account hereunder and not yet
paid, and shall continue to be obligated under Article XI with respect to losses,
obligations, liabilities, damages, penalties, actions, judgments, costs, expenses or disbursements
for matters which occurred prior to the date the Affected Lender is replaced. Upon the

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replacement of any Affected Lender pursuant to this Section 2.19, the provisions of
Section 9.2 shall continue to apply with respect to Loans which are then outstanding with
respect to which the Affected Lender has become a Defaulting Lender.

ARTICLE
III: THE LETTER OF CREDIT FACILITY

     3.1 Obligation to Issue Letters of Credit. Subject to the terms and conditions of
this Agreement and in reliance upon the representations, warranties and covenants of the Borrower
herein set forth, each Issuing Bank hereby agrees to issue for the account of the Borrower through
such Issuing Bank’s branches as it and the Borrower may jointly agree, one or more standby Letters
of Credit denominated in Dollars in accordance with this Article III, from time to time
during the period, commencing on the Initial Funding Date and ending on the fifth (5th)
Business Day prior to the Revolving Loan Termination Date.

     3.2 Transitional Letters of Credit. Schedule 3.2 contains a schedule of
certain letters of credit issued for the account of the Borrower prior to the Initial Funding Date
(the “Transitional Letters of Credit”), all of which have been issued pursuant to the Existing
Credit Agreement. Subject to the satisfaction of the conditions contained in Sections 5.1
and 5.2, from and after the Initial Funding Date such letters of credit shall be deemed to
be Letters of Credit issued by an Issuing Bank pursuant to this Article III for all
purposes hereunder. For purposes of clarification, each term or provision applicable to the
issuance of a Letter of Credit (including conditions applicable thereto) shall be deemed to include
the deemed issuance of the Transitional Letters of Credit on the Initial Funding Date.

     3.3 Types and Amounts. No Issuing Bank shall have any obligation to and no Issuing
Bank shall:

     (i) issue any Letter of Credit if on the date of issuance, before or after giving
effect to the Letter of Credit requested hereunder, (a) the Revolving Credit Obligations at
such time would exceed the Aggregate Revolving Loan Commitment at such time, or (b) the
aggregate outstanding amount of the L/C Obligations would exceed $25,000,000; or

     (ii) issue any Letter of Credit which has an expiration date later than the date which
is the earlier of (a) one (1) year after the date of issuance thereof or (b) five (5)
Business Days immediately preceding the Revolving Loan Termination Date; provided
that (1) any Letter of Credit with a one-year tenor may provide for the renewal thereof for
additional one-year periods (which shall in no event extend beyond the date referred to in
clause (b) above) and (2) a Letter of Credit may expire up to one year beyond the
Revolving Loan Termination Date so long as the Borrower cash collateralizes 105% of the face
amount of such Letter of Credit no later than thirty (30) days prior to the Revolving Loan
Termination Date.

     3.4 Conditions. In addition to being subject to the satisfaction of the conditions
contained in Sections 5.1 and 5.2, the obligation of any Issuing Bank to issue any
Letter of Credit is subject to the satisfaction in full of the following conditions:

     (i) the Borrower shall have delivered to such Issuing Bank (with copies delivered
simultaneously to the Administrative Agent) at such times and in such manner

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as such Issuing Bank may reasonably prescribe, a request for issuance of such Letter of
Credit in substantially the form of Exhibit C hereto, duly executed applications for
such Letter of Credit, and such other documents, instructions and agreements as may be
required pursuant to the terms thereof (all such applications, documents, instructions, and
agreements being referred to herein as the “L/C Documents”), and the proposed Letter of
Credit shall be reasonably satisfactory to such Issuing Bank as to form and content; and

     (ii) as of the date of issuance no order, judgment or decree of any court, arbitrator
or Governmental Authority shall purport by its terms to enjoin or restrain such Issuing Bank
from issuing such Letter of Credit and no law, rule or regulation applicable to such Issuing
Bank and no request or directive (whether or not having the force of law) from a
Governmental Authority with jurisdiction over such Issuing Bank shall prohibit or request
that such Issuing Bank refrain from the issuance of Letters of Credit generally or the
issuance of that Letter of Credit.

     3.5 Procedure for Issuance of Letters of Credit. (a) Subject to the terms and
conditions of this Article III and provided that the applicable conditions set forth in
Sections 5.1 and 5.2 hereof have been satisfied, the applicable Issuing Bank shall,
on the requested date, issue a Letter of Credit on behalf of the Borrower in accordance with such
Issuing Bank’s usual and customary business practices and, in this connection, such Issuing Bank
may assume that the applicable conditions set forth in Section 5.2 hereof have been
satisfied unless it shall have received notice to the contrary from the Administrative Agent or a
Lender or has knowledge that the applicable conditions have not been met.

     (b) Immediately upon such issuance, the applicable Issuing Bank shall give the Administrative
Agent written or telex notice, or telephonic notice confirmed promptly thereafter in writing, of
the issuance of a Letter of Credit, provided, however, that the failure to provide
such notice shall not result in any liability on the part of such Issuing Bank.

     (c) The applicable Issuing Bank shall not extend (including as a result of any evergreen
provision) or amend any Letter of Credit unless the requirements of this Section 3.5 are
met as though a new Letter of Credit was being requested and issued.

     3.6 Letter of Credit Participation. On the date of this Agreement, with respect to
the Transitional Letters of Credit, and immediately upon the issuance of each additional Letter of
Credit hereunder, each Lender with a Pro Rata Share shall be deemed to have automatically,
irrevocably and unconditionally purchased and received from each Issuing Bank an undivided interest
and participation in and to each Letter of Credit, the obligations of the Borrower in respect
thereof, and the liability of the applicable Issuing Bank thereunder (collectively, an “L/C
Interest”) in an amount equal to the amount available for drawing under such Letter of Credit
multiplied by such Lender’s Pro Rata Share. If the Borrower fails at any time to repay a
Reimbursement Obligation pursuant to Section 3.7, promptly following receipt of notice from
the Administrative Agent or the applicable Issuing Bank, each Lender shall make payment to the
Administrative Agent, for the account of the applicable Issuing Bank, in immediately available
funds in an amount equal to such Lender’s Pro Rata Share of the amount of any unreimbursed payment
of an L/C Draft or other draw under a Letter of Credit. The obligation of each Lender to reimburse
the applicable Issuing Bank under this Section 3.6 shall be unconditional,

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continuing, irrevocable and absolute. In the event that any Lender fails to make payment to
the Administrative Agent of any amount due under this Section 3.6, the Administrative Agent
shall be entitled to receive, retain and apply against such obligation the principal and interest
otherwise payable to such Lender hereunder until the Administrative Agent receives such payment
from such Lender or such obligation is otherwise fully satisfied; provided,
however, that nothing contained in this sentence shall relieve such Lender of its
obligation to reimburse the applicable Issuing Bank for such amount in accordance with this
Section 3.6.

     3.7 Reimbursement Obligation. The Borrower agrees unconditionally, irrevocably and
absolutely to pay immediately to the Administrative Agent, for the account of the Lenders, the
amount of each advance drawn under or pursuant to a Letter of Credit or an L/C Draft related
thereto (such obligation of the Borrower to reimburse the Administrative Agent for an advance made
under a Letter of Credit or L/C Draft being hereinafter referred to as a “Reimbursement Obligation”
with respect to such Letter of Credit or L/C Draft), each such reimbursement to be made by the
Borrower no later than the Business Day on which the applicable Issuing Bank makes payment of each
such L/C Draft or, in the case of any other draw on a Letter of Credit, the date specified in the
demand of the applicable Issuing Bank. If the Borrower at any time fails to repay a Reimbursement
Obligation pursuant to this Section 3.7, such failure shall not constitute a Default if the
Revolving Credit Obligations do not, and after making Revolving Loans in repayment of such
Reimbursement Obligation would not, exceed the Aggregate Revolving Loan Commitments and the
conditions set forth in Sections 5.2(i) and (ii) have been satisfied, and the
Borrower shall be deemed to have elected to borrow Revolving Loans from the Lenders, as of the date
of the advance giving rise to the Reimbursement Obligation, equal in amount to the amount of the
unpaid Reimbursement Obligation. Such Revolving Loans shall be made as of the date of the payment
giving rise to such Reimbursement Obligation, automatically, without notice and without any
requirement to satisfy the conditions precedent otherwise applicable to an Advance of Revolving
Loans. Such Revolving Loans shall constitute a Floating Rate Advance, the proceeds of which
Advance shall be used to repay such Reimbursement Obligation. If, for any reason, the Borrower
fails to repay a Reimbursement Obligation on the day such Reimbursement Obligation arises and, for
any reason, the Lenders are unable to make or have no obligation to make Revolving Loans, then such
Reimbursement Obligation shall bear interest from and after such day, until paid in full, at the
interest rate applicable to a Floating Rate Advance.

     3.8 Letter of Credit Fees. The Borrower agrees to pay:

     (i) quarterly, in arrears, to the Administrative Agent for the ratable benefit of the
Lenders, except as set forth in Section 9.2, a letter of credit fee at a rate per
annum equal to the Applicable L/C Fee Percentage on the average daily outstanding face
amount available for drawing under all standby Letters of Credit;

     (ii) quarterly, in arrears, to the applicable Issuing Bank, a letter of credit fronting
fee in an amount or at a rate per annum to be negotiated by the Borrower and the applicable
Issuing Bank at the time of issuance of each standby Letter of Credit on the average daily
outstanding face amount available for drawing under all Letters of Credit issued by such
Issuing Bank; and

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     (iii) to the applicable Issuing Bank, all customary fees and other issuance, amendment,
cancellation, document examination, negotiation, transfer and presentment expenses and
related charges in connection with the issuance, amendment, cancellation, presentation of
L/C Drafts, negotiation, transfer and the like customarily charged by such Issuing Bank with
respect to standby Letters of Credit, payable at the time of invoice of such amounts.

     3.9 Issuing Bank Reporting Requirements. Upon the request of any Lender, each Issuing
Bank shall furnish to such Lender copies of any Letter of Credit and any application for or
reimbursement agreement with respect to a Letter of Credit to which such Issuing Bank is party.

     3.10 Indemnification; Exoneration. In addition to amounts payable as elsewhere
provided in this Article III, the Borrower hereby agrees to protect, indemnify, pay and
save harmless the Administrative Agent, each Issuing Bank and each Lender from and against any and
all liabilities and costs which the Administrative Agent, such Issuing Bank or such Lender may
incur or be subject to as a consequence, direct or indirect, of (i) the issuance of any Letter of
Credit other than, in the case of such Issuing Bank, as a result of its gross negligence or willful
misconduct, as determined by the final judgment of a court of competent jurisdiction, or (ii) the
failure of such Issuing Bank to honor a drawing under a Letter of Credit as a result of any act or
omission, whether rightful or wrongful, of any present or future de jure or de
facto Governmental Authority (all such acts or omissions herein called “Governmental Acts”).

     (B) As among the Borrower, the Lenders, the Administrative Agent and each Issuing Bank, the
Borrower assumes all risks of the acts and omissions of, or misuse of such Letter of Credit by, the
beneficiary of any Letters of Credit. In furtherance and not in limitation of the foregoing,
subject to the provisions of the Letter of Credit applications and Letter of Credit reimbursement
agreements executed by the Borrower at the time of request for any Letter of Credit, neither the
Administrative Agent, any Issuing Bank nor any Lender shall be responsible (in the absence of gross
negligence or willful misconduct in connection therewith, as determined by the final judgment of a
court of competent jurisdiction): (i) for the form, validity, sufficiency, accuracy, genuineness
or legal effect of any document submitted by any party in connection with the application for and
issuance of the Letters of Credit, even if it should in fact prove to be in any or all respects
invalid, insufficient, inaccurate, fraudulent or forged; (ii) for the validity or sufficiency of
any instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or
the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be
invalid or ineffective for any reason; (iii) for failure of the beneficiary of a Letter of Credit
to comply duly with conditions required in order to draw upon such Letter of Credit; (iv) for
errors, omissions, interruptions or delays in transmission or delivery of any messages, by mail,
cable, telegraph, telex, or other similar form of teletransmission or otherwise; (v) for errors in
interpretation of technical trade terms; (vi) for any loss or delay in the transmission or
otherwise of any document required in order to make a drawing under any Letter of Credit or of the
proceeds thereof; (vii) for the misapplication by the beneficiary of a Letter of Credit of the
proceeds of any drawing under such Letter of Credit; and (viii) for any consequences arising from
causes beyond the control of the Administrative Agent, the Issuing Banks and the Lenders,
including, without limitation, any Governmental Acts. None of the above shall affect, impair, or
prevent the vesting of any Issuing Bank’s rights or powers under this Section 3.10.

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     (C) In furtherance and extension and not in limitation of the specific provisions hereinabove
set forth, any action taken or omitted by any Issuing Bank under or in connection with the Letters
of Credit or any related certificates shall not, in the absence of gross negligence or willful
misconduct, as determined by the final judgment of a court of competent jurisdiction, put such
Issuing Bank, the Administrative Agent or any Lender under any resulting liability to the Borrower
or relieve the Borrower of any of its obligations hereunder to any such Person.

     (D) Without prejudice to the survival of any other agreement of the Borrower hereunder, the
agreements and obligations of the Borrower contained in this Section 3.10 shall survive the
payment in full of principal and interest hereunder, the termination of the Letters of Credit and
the termination of this Agreement.

     3.11 Cash Collateral. Notwithstanding anything to the contrary herein or in any
application for a Letter of Credit, after the occurrence and during the continuance of a Default,
the Borrower shall, upon the Administrative Agent’s demand, deliver to the Administrative Agent for
the benefit of the Lenders and the Issuing Banks, cash, or other collateral of a type satisfactory
to the Required Lenders, having a value, as determined by such Lenders, equal to 105% of the
aggregate outstanding L/C Obligations. In addition, but without duplication of amounts deposited
pursuant to the foregoing sentence, if the Revolving Credit Availability is at any time less than
the amount of contingent L/C Obligations outstanding at any time, the Borrower shall deposit cash
collateral with the Administrative Agent in an amount equal to 105% of the amount by which such L/C
Obligations exceed such Revolving Credit Availability. Any such collateral shall be held by the
Administrative Agent in a separate account appropriately designated as a cash collateral account in
relation to this Agreement and the Letters of Credit and retained by the Administrative Agent for
the benefit of the Lenders and the Issuing Banks as collateral security for the Borrower’s
obligations in respect of this Agreement and each of the Letters of Credit and L/C Drafts. Such
amounts shall be applied to reimburse the Issuing Banks for drawings or payments under or pursuant
to Letters of Credit or L/C Drafts, or if no such reimbursement is required, to payment of such of
the other Obligations as the Administrative Agent shall determine. If no Default shall be
continuing, amounts remaining in any cash collateral account established pursuant to this
Section 3.11 which are not to be applied to reimburse the Issuing Banks for amounts
actually paid or to be paid by the Issuing Banks in respect of a Letter of Credit or L/C Draft,
shall be returned promptly to the Borrower (after deduction of the Administrative Agent’s
reasonable out-of-pocket expenses incurred in connection with such cash collateral account) as the
Letters of Credit expire.

ARTICLE
IV: YIELD PROTECTION; TAXES

     4.1 Yield Protection. If any Change in Law:

     (i) subjects any Lender, any applicable Lending Installation, any Issuing Bank or the
Administrative Agent to any taxes, duties, levies, imposts, deductions, assessments, fees,
charges or withholdings, and any and all liabilities with respect to the foregoing, on its
loans, loan principal, letters of credit, commitments, or other obligations, or its
deposits, reserves, other liabilities or capital attributable thereto (other than (A) Taxes,
(B) Excluded Taxes or (C) Other Taxes), or

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     (ii) imposes or increases or deems applicable any reserve, assessment, insurance
charge, special deposit or similar requirement against assets of, deposits with or for the
account of, or credit extended by, any Lender, any applicable Lending Installation or any
Issuing Bank (other than reserves and assessments taken into account in determining the
interest rate applicable to Eurodollar Rate Advances), or

     (iii) imposes any other condition the result of which is to increase the cost to any
Lender, any applicable Lending Installation or any Issuing Bank of making, funding or
maintaining its Loans or L/C Interests or reduces any amount receivable by any Lender, any
applicable Lending Installation or any Issuing Bank in connection with its Loans or L/C
Interests, or requires any Lender, any applicable Lending Installation or any Issuing Bank
to make any payment calculated by reference to the amount of Loans or L/C Interests held or
interest received by it, by an amount deemed material by such Lender or such Issuing Bank,
as the case may be,

and the result of any of the foregoing is to increase the cost to such Lender, applicable Lending
Installation, such Issuing Bank or the Administrative Agent of making or maintaining its Loans, L/C
Interests or Revolving Loan Commitment or to reduce the return received by such Lender, applicable
Lending Installation, such Issuing Bank or the Administrative Agent in connection with such Loans,
L/C Interests or Revolving Loan Commitment, then, within fifteen (15) days of demand by such
Person, the Borrower shall pay such Person such additional amount or amounts as will compensate
such Person for such increased cost or reduction in amount received.

     Notwithstanding the foregoing provisions of this Section 4.1, if any Lender fails to
notify the Borrower of any event or circumstance which will entitle such Lender to compensation
pursuant to this Section 4.1 within ninety (90) days after such Lender obtains knowledge of
such event or circumstance, then such Lender shall not be entitled to compensation from the
Borrower for any amount arising prior to the date which is ninety (90) days before the date on
which such Lender notifies the Borrower of such event or circumstance.

     4.2 Changes in Capital Adequacy Regulations. If any Lender or any Issuing Bank
determines that any Change in Law regarding capital requirements has or would have the effect of
reducing the rate of return on such Lender’s or such Issuing Bank’s capital or on the capital of
such Lender’s or such Issuing Bank’s holding company, if any, as a consequence of this Agreement or
the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of
Credit issued by such Issuing Bank, to a level below that which such Lender or such Issuing Bank or
such Lender’s or such Issuing Bank’s holding company could have achieved but for such Change in Law
(taking into consideration such Lender’s or such Issuing Bank’s policies and the policies of such
Lender’s or such Issuing Bank’s holding company with respect to capital adequacy), then from time
to time the Borrower will pay to such Lender or such Issuing Bank, as the case may be, such
additional amount or amounts as will compensate such Lender or such Issuing Bank or such Lender’s
or such Issuing Bank’s holding company for any such reduction suffered.

     4.3 Availability of Types of Advances. If any Lender determines that maintenance of
its Eurodollar Rate Loans at a suitable Lending Installation would violate any applicable law,
rule, regulation, or directive, whether or not having the force of law, or if the Required Lenders

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determine that (i) deposits of a type and maturity appropriate to match fund Eurodollar Rate
Advances are not available or (ii) the interest rate applicable to Eurodollar Rate Advances does
not accurately reflect the cost of making or maintaining Eurodollar Rate Advances, then the
Administrative Agent shall suspend the availability of Eurodollar Rate Advances and require any
affected Eurodollar Rate Advances to be repaid or converted to Floating Rate Advances, subject to
the payment of any funding indemnification amounts required by Section 4.4.

     4.4 Funding Indemnification. If any payment of a Eurodollar Rate Advance occurs on a
date which is not the last day of the applicable Interest Period, whether because of acceleration,
prepayment or otherwise, or a Eurodollar Rate Advance is not made on the date specified by the
Borrower for any reason other than default by the Lenders, or a Eurodollar Rate Advance is assigned
other than on the last day of an Interest Period therefor as a result of a request of the Borrower
pursuant to Section 2.19, the Borrower will indemnify each Lender for any loss or cost
incurred by it resulting therefrom (excluding loss of margin), including, without limitation, any
loss or cost in liquidating or employing deposits acquired to fund or maintain such Eurodollar Rate
Advance.

     4.5 Taxes.

     (i) All payments by the Borrower to or for the account of any Lender or the Administrative
Agent hereunder or under any of the other Loan Documents shall be made free and clear of and
without deduction for any and all Taxes. If the Borrower shall be required by law to deduct any
Taxes from or in respect of any sum payable hereunder to any Lender, any Issuing Bank or the
Administrative Agent, (a) the sum payable shall be increased as necessary so that after making all
required deductions (including deductions applicable to additional sums payable under this
Section 4.5) such Lender, such Issuing Bank or the Administrative Agent (as the case may
be) receives an amount equal to the sum it would have received had no such deductions been made,
(b) the Borrower shall make such deductions, (c) the Borrower shall pay the full amount deducted to
the relevant authority in accordance with applicable law and (d) the Borrower shall furnish to the
Administrative Agent the original copy of a receipt evidencing payment thereof within thirty (30)
days after such payment is made. Such Lender, such Issuing Bank or the Administrative Agent, as
the case may be, shall promptly reimburse the Borrower for such payments to the extent such Lender,
such Issuing Bank or the Administrative Agent receives actual knowledge that it has received any
tax credit or other benefit in connection with such tax payments and that such tax credit or
benefit is clearly attributable to this Agreement.

     (ii) In addition, the Borrower hereby agrees to pay any present or future stamp or documentary
taxes and any other excise or property taxes, charges or similar levies which arise from any
payment made hereunder or under any promissory note issued hereunder or from the execution or
delivery of, or otherwise with respect to, this Agreement or any promissory note issued hereunder
or any other Loan Document (“Other Taxes”).

     (iii) The Borrower hereby agrees to indemnify the Administrative Agent and each Lender for the
full amount of Taxes or Other Taxes (including, without limitation, any Taxes or Other Taxes
imposed on amounts payable under this Section 4.5) paid by the Administrative Agent or such
Lender and any liability (including penalties, interest and expenses) arising therefrom or with
respect thereto. Payments due under this indemnification shall be made within

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thirty (30) days of the date the Administrative Agent or such Lender makes demand therefor
pursuant to Section 4.6.

     (iv) Each Lender that is not incorporated or organized under the laws of the United States of
America or a state thereof (each a “Non-U.S. Lender”) agrees that it will, not less than ten (10)
Business Days after the date of this Agreement, or, if later, the date on which such Non-U.S.
Lender becomes a party hereto, deliver to each of the Borrower and the Administrative Agent a
United States Internal Revenue Form W-8, certifying that it is entitled to an exemption from United
States withholding tax. Each Non-U.S. Lender further undertakes to deliver to each of the Borrower
and the Administrative Agent (x) renewals or additional copies of such form (or any successor form)
on or before the date that such form expires or becomes obsolete, and (y) after the occurrence of
any event requiring a change in the most recent forms so delivered by it, such additional forms or
amendments thereto as may be reasonably requested by the Borrower or the Administrative Agent. All
forms or amendments described in the preceding sentence shall certify that such Lender is entitled
to receive payments under this Agreement without deduction or withholding of any United States
federal income taxes, unless an event (including without limitation any change in treaty, law or
regulation) has occurred prior to the date on which any such delivery would otherwise be required
which renders all such forms inapplicable or which would prevent such Lender from duly completing
and delivering any such form or amendment with respect to it and such Lender advises the Borrower
and the Administrative Agent that it is not capable of receiving payments without any deduction or
withholding of United States federal income tax.

     (v) For any period during which a Non-U.S. Lender has failed to provide the Borrower with an
appropriate form pursuant to clause (iv), above (unless such failure is due to a change in
treaty, law or regulation, or any change in the interpretation or administration thereof by any
governmental authority, occurring subsequent to the date on which a form originally was required to
be provided), such Non-U.S. Lender shall not be entitled to indemnification under this Section
4.5 with respect to Taxes imposed by the United States; provided that, should a
Non-U.S. Lender which is otherwise exempt from or subject to a reduced rate of withholding tax
become subject to Taxes because of its failure to deliver a form required under clause
(iv), above, the Borrower shall take such steps as such Non-U.S. Lender shall reasonably
request (without cost to the Borrower) to assist such Non-U.S. Lender to recover such Taxes.

     (vi) Any Lender that is entitled to an exemption from or reduction of withholding tax with
respect to payments under this Agreement or any promissory note issued hereunder pursuant to the
law of any relevant jurisdiction or any treaty shall deliver to the Borrower (with a copy to the
Administrative Agent), at the time or times prescribed by applicable law, such properly completed
and executed documentation prescribed by applicable law as will permit such payments to be made
without withholding or at a reduced rate.

     (vii) Each Lender and each Issuing Bank shall severally indemnify the Administrative Agent for
any Taxes, Excluded Taxes or Other Taxes (but, in the case of any Taxes or Other Taxes, only to the
extent that the Borrower has not already indemnified the Administrative Agent for such Taxes or
Other Taxes and without limiting the obligation of the Borrower to do so) attributable to such
Lender or Issuing Bank that are paid or payable by the Administrative Agent in connection with any
Loan Documents and any reasonable expenses arising therefrom or with

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respect thereto, whether or not such amounts were correctly or legally imposed or asserted by
the relevant Governmental Authority. The indemnity under this Section 4.5(vii) shall be
paid within ten (10) days after the Administrative Agent delivers to the applicable Lender or
Issuing Bank a certificate stating the amount so paid or payable by the Administrative Agent. Such
certificate shall be conclusive of the amount so paid or payable absent manifest error.

     (viii) If a payment made to a Lender under this Agreement would be subject to U.S. Federal
withholding tax imposed by FATCA if such Lender were to fail to comply with the applicable
reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the
Code, as applicable), such Lender shall deliver to the Administrative Agent, at the time or times
prescribed by law and at such time or times reasonably requested by the Administrative Agent, such
documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of
the Code) and such additional documentation reasonably requested by the Administrative Agent as may
be necessary for the Administrative Agent to comply with its obligations under FATCA, to determine
that such Lender has or has not complied with such Lender’s obligations under FATCA and, as
necessary, to determine the amount to deduct and withhold from such payment. Solely for purposes
of this Section 4.5(viii), “FATCA” shall include any amendments made to FATCA after the
date of this Agreement.

     4.6 Lender Statements; Survival of Indemnity. To the extent reasonably possible, each
Lender shall designate an alternate Lending Installation with respect to its Eurodollar Rate Loans
to reduce any liability of the Borrower to such Lender under Sections 4.1, 4.2 and
4.5 or to avoid the unavailability of Eurodollar Rate Advances under Section 4.3,
so long as such designation is not, in the reasonable judgment of such Lender, disadvantageous to
such Lender. Each Lender shall deliver a written statement of such Lender to the Borrower (with a
copy to the Administrative Agent) as to the amount due, if any, under Section 4.1,
4.2, 4.4 or 4.5. Such written statement shall set forth in reasonable
detail the calculations upon which such Lender determined such amount and shall be final,
conclusive and binding on the Borrower in the absence of manifest error. Determination of amounts
payable under such Sections in connection with a Eurodollar Rate Loan shall be calculated as though
each Lender funded its Eurodollar Rate Loan through the purchase of a deposit of the type and
maturity corresponding to the deposit used as a reference in determining the Eurodollar Rate
applicable to such Loan, whether in fact that is the case or not, and without regard to loss of
margin. Unless otherwise provided herein, the amount specified in the written statement of any
Lender shall be payable on demand after receipt by the Borrower of such written statement. The
obligations of the Borrower under Sections 4.1, 4.2, 4.4 and 4.5
shall survive payment of the Obligations, termination of the Letters of Credit and termination of
this Agreement.

ARTICLE V: CONDITIONS PRECEDENT

     5.1 Initial Advances and Letters of Credit. The Lenders shall not be required to make
the initial Loans or issue any Letters of Credit (including the deemed issuance of the Transitional
Letters of Credit) unless:

     (A) the Borrower has furnished to the Administrative Agent each of the following, with
sufficient copies for the Lenders, all in form and substance satisfactory to the Administrative
Agent and the Lenders:

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     (1) Copies of the Certificate of Incorporation of the Borrower and each of the
Subsidiary Guarantors (collectively, the “Loan Parties”), together with all amendments and a
certificate of good standing, both certified by the appropriate governmental officer in its
jurisdiction of incorporation;

     (2) Copies, certified by the Secretary or Assistant Secretary of each of the Loan
Parties, of its By-Laws and of its Board of Directors’ resolutions authorizing the execution
of the Loan Documents entered into by it;

     (3) An incumbency certificate, executed by the Secretary or Assistant Secretary of each
of the Loan Parties, which shall identify by name and title and bear the original or
facsimile signature of the officers of the Loan Parties authorized to sign the Loan
Documents and the officers of the Borrower authorized to make borrowings hereunder, upon
which certificate the Lenders shall be entitled to rely until informed of any change in
writing by the Borrower;

     (4) A certificate, in form and substance satisfactory to the Administrative Agent
signed by the treasurer of the Borrower, stating that on the Initial Funding Date (both
before and after giving effect to any proposed Loan to be made and/or Letter of Credit to be
issued thereon), all of the representations in this Agreement are true and correct in all
material respects and no Default or Unmatured Default has occurred and is continuing;

     (5) The written opinion of the Loan Parties’ counsel, addressed to the Administrative
Agent and the Lenders, in substantially the form attached hereto as Exhibit E and
containing assumptions and qualifications acceptable to the Administrative Agent and the
Lenders;

     (6) Either a counterpart signed on behalf of each Loan Party or written evidence
satisfactory to the Administrative Agent (which may include facsimile or electronic
transmission of a signed signature page of such Loan Party) that each Loan Party has signed
a counterpart of each Loan Document to which it is a party, including, without limitation,
the Subsidiary Guaranty and such other Loan Documents as the Administrative Agent or its
counsel may have reasonably requested; and

     (7) Such other documents as the Administrative Agent or any Lender or its counsel may
have reasonably requested, including, without limitation, the Subsidiary Guaranty, opinions
of counsel, an officer’s no-default certificate and each other instrument, document,
agreement, opinion and certificate listed on the List of Closing Documents attached as
Exhibit G to this Agreement.

     (B) (i) The Administrative Agent (for the benefit of itself and the other parties entitled
thereto) and the Arrangers shall have received all fees and other amounts due and payable on or
prior to the Closing Date (including fees for the account of the Lenders), including (x) to the
extent invoiced, reimbursement or payment of all reasonable out-of-pocket expenses required to be
reimbursed or paid by the Borrower hereunder, and (y) all accrued and unpaid interest under the
Existing Credit Agreement and all accrued and unpaid fees under Sections 2.14(C)(i) and 3.8

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of the Existing Credit Agreement, (ii) each party hereto (including Departing Lenders) shall
have delivered either (x) a counterpart of this Agreement signed on behalf of such party or (y)
written evidence satisfactory to the Administrative Agent (which may include facsimile or
electronic transmission of a signed signature page of this Agreement) that such party has signed a
counterpart of this Agreement or, in the case of a Departing Lender, that such Departing Lender has
consented to the terms set forth in Section 1.3 hereof, and (iii) the Departing Lenders shall have
been repaid in full as contemplated by Section 1.3 on the Closing Date, substantially
concurrently with the effectiveness hereof. Without limiting the foregoing, if, after giving
effect to the transactions contemplated hereby on the Closing Date (including, without limitation,
the reduction of the Aggregate Revolving Loan Commitment), the Revolving Credit Obligations exceed
the Aggregate Revolving Loan Commitment, then the Borrower shall prepay Loans on the Closing Date
in such amounts as shall be necessary to eliminate such excess.

     5.2 Each Advance and Letter of Credit. The Lenders shall not be required to make,
convert or continue any Advance, or issue, amend, extend or renew any Letter of Credit, unless on
the applicable Borrowing Date, or in the case of a Letter of Credit, the date on which the Letter
of Credit is to be issued, amended, extended or renewed, both before and after taking into account
the proposed borrowing, conversion or continuation or Letter of Credit:

     (i) There exists no Default or Unmatured Default;

     (ii) The representations and warranties contained in Article VI are true and
correct in all material respects as of such Borrowing Date or issuance date, as applicable;
and

     (iii) The Revolving Credit Obligations do not, and after making such proposed Advance
or issuing such Letter of Credit would not, exceed the Aggregate Revolving Loan Commitment.

     Each Borrowing/Election Notice with respect to each such Advance and the letter of credit
application with respect to each Letter of Credit shall constitute a representation and warranty by
the Borrower that the conditions contained in Sections 5.2(i) and (ii) have been
satisfied. Any Lender may require a duly completed officer’s certificate in substantially the form
of Exhibit H hereto and/or a duly completed compliance certificate in substantially the
form of Exhibit I hereto as a condition to making an Advance.

ARTICLE
VI: REPRESENTATIONS AND WARRANTIES

     In order to induce the Administrative Agent and the Lenders to enter into this Agreement and
to make the Loans and the other financial accommodations to the Borrower, and to issue the Letters
of Credit described herein, the Borrower represents and warrants as follows to each Lender and the
Administrative Agent as of the Closing Date and thereafter on each date as required by Sections
5.1 and 5.2:

     6.1 Organization; Corporate Powers. Each of the Borrower and each of its Material
Subsidiaries (i) is a corporation, limited liability company, partnership or other commercial
entity duly organized, validly existing and in good standing under the laws of the jurisdiction of
its organization, (ii) is duly qualified to do business as a foreign entity and is in good standing

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under the laws of each jurisdiction in which failure to be so qualified and in good standing
could reasonably be expected to have a Material Adverse Effect, and (iii) has all requisite power
and authority to own, operate and encumber its property and to conduct its business as presently
conducted and as proposed to be conducted.

     6.2 Authority.

     (A) Each of the Borrower and each of its Subsidiaries has the requisite power and authority to
execute, deliver and perform each of the Loan Documents which are to be executed by it or which
have been executed by it as required by this Agreement and the other Loan Documents and (ii) to
file the Loan Documents, if any, which must be filed by it or which have been filed by it as
required by this Agreement, the other Loan Documents or otherwise with any Governmental Authority.

     (B) The execution, delivery, performance and filing, as the case may be, of each of the Loan
Documents which must be executed or filed by the Borrower or any of its Subsidiaries or which have
been executed or filed as required by this Agreement, the other Loan Documents or otherwise and to
which the Borrower or any of its Subsidiaries is a party, and the consummation of the transactions
contemplated thereby, have been duly approved by the respective boards of directors and, if
necessary, the shareholders of the Borrower and its Subsidiaries, and such approvals have not been
rescinded. No other action or proceedings on the part of the Borrower or its Subsidiaries are
necessary to consummate such transactions.

     (C) Each of the Loan Documents to which the Borrower or any of its Subsidiaries is a party has
been duly executed, delivered or filed, as the case may be, by such party and constitutes its
legal, valid and binding obligation, enforceable against it in accordance with its terms (except as
enforceability may be limited by bankruptcy, insolvency, or similar laws affecting the enforcement
of creditors’ rights generally and by general equitable principles, including concepts of
reasonableness, materiality, good faith and fair dealing and the possible unavailability of
specific performance, injunctive relief or other equitable remedies (whether enforcement is sought
by proceedings in equity or at law)), is in full force and effect and no material term or condition
thereof has been amended, modified or waived from the terms and conditions contained in the Loan
Documents delivered to the Administrative Agent pursuant to Section 5.1 without the prior
written consent of the Required Lenders (or all of the Lenders if required by Section 9.3),
and the Borrower and its Subsidiaries have performed and complied with all the material terms,
provisions, agreements and conditions set forth therein and required to be performed or complied
with by the Borrower or its Subsidiaries on or before the Initial Funding Date, and no unmatured
default, default or breach of any covenant by any such party exists thereunder.

     6.3 No Conflict; Governmental Consents. The execution, delivery and performance of
each of the Loan Documents to which the Borrower or any of its Subsidiaries is a party do not and
will not (i) conflict with the certificate or articles of incorporation or by-laws (or equivalent
constituent documents) of the Borrower or any of its Subsidiaries, (ii) constitute a tortious
interference with any Financing Facility or conflict with, result in a breach of or constitute
(with or without notice or lapse of time or both) a default under any Financing Facility, or
require termination of any Financing Facility, (iii) constitute a tortious interference with any
such

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Contractual Obligation (other than the Financing Facilities) of any Person or conflict with,
result in a breach of or constitute (with or without notice or lapse of time or both) a default
under any Requirement of Law (including, without limitation, any Environmental Property Transfer
Act) or Contractual Obligation of the Borrower or any of its Subsidiaries, or require termination
of any Contractual Obligation, except such interference, breach, default or termination which
individually or in the aggregate could not reasonably be expected to have a Material Adverse
Effect, (iv) result in or require the creation or imposition of any Lien whatsoever upon any of the
property or assets of the Borrower or any of its Subsidiaries, other than Liens permitted or
created by the Loan Documents, or (v) require any approval of the Borrower’s or any of its
Subsidiaries’ Board of Directors (or equivalent governing body) or shareholders, as applicable,
except such as have been obtained. Except as set forth on Schedule 6.3 to this Agreement,
the execution, delivery and performance of each of the Loan Documents to which the Borrower or any
of its Subsidiaries is a party do not and will not require any registration with, consent or
approval of, or notice to, or other action to, with or by any Governmental Authority, including
under any Environmental Property Transfer Act, except filings, consents or notices which have been
made, obtained or given, or which, if not made, obtained or given, individually or in the aggregate
could not reasonably be expected to have a Material Adverse Effect.

     6.4 Financial Statements.

     The September 30, 2010 audited and the December 31, 2010 and March 31, 2011 quarterly
unaudited consolidated financial statements of the Borrower and its Subsidiaries heretofore
delivered to the Lenders were prepared in accordance with generally accepted accounting principles
in effect on the date such statements were prepared and fairly present the consolidated financial
condition and operations of the Borrower and its Subsidiaries at such date and the consolidated
results of their operations for the period then ended.

     6.5 No Material Adverse Change. Since September 30, 2010 (determined by reference to
the financial statements prepared with respect to the Borrower and its Subsidiaries), there has
occurred no change in the business, properties, condition (financial or otherwise), performance,
results of operations or prospects of the Borrower, or the Borrower and its Subsidiaries taken as a
whole or any other event which has had or would reasonably be expected to have a Material Adverse
Effect.

     6.6 Taxes.

     (A) Tax Examinations. All deficiencies which have been asserted against the Borrower
or any of the Borrower’s Subsidiaries as a result of any federal, state, local or foreign tax
examination for each taxable year in respect of which an examination has been conducted have been
fully paid or finally settled or are being contested in good faith, and no issue has been raised by
any taxing authority in any such examination which, by application of similar principles,
reasonably can be expected to result in assertion by such taxing authority of a material deficiency
for any other year not so examined which has not been reserved for in the Borrower’s consolidated
financial statements to the extent, if any, required by Agreement Accounting Principles. Except as
permitted pursuant to Section 7.2(D), neither the Borrower nor any of the Borrower’s
Subsidiaries anticipates any material tax liability with respect to the years which have not been
closed pursuant to applicable law.

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     (B) Payment of Taxes. All tax returns and reports of the Borrower and its
Subsidiaries required to be filed have been timely filed, and all taxes, assessments, fees and
other governmental charges thereupon and upon their respective property, assets, income and
franchises which are shown in such returns or reports to be due and payable have been paid except
those items which are being contested in good faith and have been reserved for in accordance with
Agreement Accounting Principles. The Borrower has no knowledge of any proposed tax assessment
against the Borrower or any of its Subsidiaries that will have or could reasonably be expected to
have a Material Adverse Effect, except for any such liability in respect of other members of the
consolidated group of which the Borrower previously was a member as a Subsidiary of Ralston Purina
Company, in respect of which and solely to the extent that (i) the Borrower is entitled to be
indemnified by Ralston Purina Company or its successors pursuant to that certain Tax Sharing
Agreement, dated as of April 1, 2000, between Ralston Purina Company and the Borrower (as the same
has been or may hereafter be amended or otherwise modified) and (ii) the Borrower’s right to
indemnification for such liability is not being contested by Ralston Purina Company (or, if
previously contested, any such contest has not been resolved in favor of Ralston Purina Company).

     6.7 Litigation; Loss Contingencies and Violations. There are no actions, suits,
proceedings, arbitrations or, to the knowledge of any member of the Borrower’s Senior Management
Team, investigations before or by any Governmental Authority or private arbitrator pending or, to
the knowledge of any member of the Borrower’s Senior Management Team, threatened against the
Borrower, any of its Subsidiaries or any property of any of them that (i) challenges the validity
or the enforceability of any material provision of the Loan Documents or (ii) has had or could
reasonably be expected to have a Material Adverse Effect (other than as set forth on Schedule
6.7). There is no material loss contingency within the meaning of Agreement Accounting
Principles which has not been reflected in the consolidated financial statements of the Borrower
prepared and delivered pursuant to Section 7.1(A) for the fiscal period during which such
material loss contingency was incurred. Neither the Borrower nor any of its Subsidiaries is (A) in
violation of any applicable Requirements of Law which violation will have or could reasonably be
expected to have a Material Adverse Effect, or (B) subject to or in default with respect to any
final judgment, writ, injunction, restraining order or order of any nature, decree, rule or
regulation of any court or Governmental Authority which will have or could reasonably be expected
to have a Material Adverse Effect.

     6.8 Subsidiaries. Schedule 6.8 to this Agreement (i) contains, as of the
Closing Date, a description of the corporate structure of the Borrower, its Subsidiaries and any
other Person in which the Borrower or any of its Subsidiaries holds an Equity Interest in excess of
5%; and (ii) accurately sets forth, as of the Closing Date, (A) the correct legal name, the
jurisdiction of incorporation or organization and the jurisdictions in which each of the Borrower
and the direct and indirect Subsidiaries of the Borrower are qualified to transact business as a
foreign corporation, (B) the authorized, issued and outstanding shares of each class of Capital
Stock of the Borrower and each of its Subsidiaries and the owners of such shares (on a
fully-diluted basis), (C) a summary of the direct and indirect partnership, joint venture, or other
Equity Interests, if any, of the Borrower and each Subsidiary of the Borrower in any Person that is
not a corporation and (D) the federal tax identification number of the Borrower and each Subsidiary
Guarantor. After the formation or acquisition of any New Subsidiary permitted under Section
7.3(F), if requested by the Administrative Agent, the Borrower shall provide a supplement to

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Schedule 6.8 to this Agreement reflecting the addition of such New Subsidiary. Except
as disclosed on Schedule 6.8 (as so supplemented), none of the issued and outstanding
Capital Stock of the Borrower or any of its Subsidiaries is subject to any vesting, redemption, or
repurchase agreement, and there are no warrants or options outstanding with respect to such Capital
Stock. The outstanding Capital Stock of the Borrower and each of its Subsidiaries is duly
authorized, validly issued, fully paid and nonassessable and the stock of the Borrower’s
Subsidiaries is not Margin Stock.

     6.9 ERISA. No Benefit Plan has failed to satisfy the “minimum funding standard” (as
defined in Sections 302(a)(2) of ERISA and 412(a) of the Code) whether or not waived. Neither the
Borrower nor any member of the Controlled Group has incurred any material liability to the PBGC
which remains outstanding other than the payment of premiums. As of the last day of the most
recent prior plan year, the market value of assets under each Benefit Plan, other than any
Multiemployer Plan, was not less than the present value of benefit liabilities thereunder
(determined in accordance with the actuarial valuation assumptions described therein) by an amount
which could reasonably be expected to have a Material Adverse Effect. Neither the Borrower nor any
member of the Controlled Group has (i) failed to make a required contribution or payment to a
Multiemployer Plan of a material amount or (ii) incurred a material complete or partial withdrawal
under Section 4203 or Section 4205 of ERISA from a Multiemployer Plan. Neither the Borrower nor
any member of the Controlled Group has failed to make an installment or any other payment of a
material amount required under Section 412 of the Code on or before the due date for such
installment or other payment. Each Plan, Foreign Employee Benefit Plan and Non-ERISA Commitment
complies in all material respects in form, and has been administered in all material respects in
accordance with its terms and, in accordance with all applicable laws and regulations, including
but not limited to ERISA and the Code. There have been no and there is no prohibited transaction
described in Sections 406 of ERISA or 4975 of the Code with respect to any Plan for which a
statutory or administrative exemption does not exist which could reasonably be expected to subject
the Borrower or any of is Subsidiaries to material liability. Neither the Borrower nor any member
of the Controlled Group has taken or failed to take any action which would constitute or result in
a Termination Event, which action or inaction could reasonably be expected to subject the Borrower
or any of its Subsidiaries to material liability. Neither the Borrower nor any member of the
Controlled Group is subject to any material liability under, or has any potential material
liability under, Section 4063, 4064, 4069, 4204 or 4212(c) of ERISA. The present value of the
aggregate liabilities to provide all of the accrued benefits under any Foreign Pension Plan do not
exceed the current fair market value of the assets held in trust or other funding vehicle for such
plan by an amount which could reasonably be expected to have a Material Adverse Effect. With
respect to any Foreign Employee Benefit Plan other than a Foreign Pension Plan, reasonable reserves
have been established in accordance with prudent business practice or where required by ordinary
accounting practices in the jurisdiction in which such plan is maintained. For purposes of this
Section 6.9, “material” means any amount, noncompliance or other basis for liability which
could reasonably be expected to subject the Borrower or any of its Subsidiaries to liability,
individually or in the aggregate with each other basis for liability under this Section
6.9, in excess of $50,000,000.

     6.10 Accuracy of Information. The information, exhibits and reports furnished by or
on behalf of the Borrower and any of its Subsidiaries to the Administrative Agent or to any

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Lender in connection with the negotiation of, or compliance with, the Loan Documents, the
representations and warranties of the Borrower and its Subsidiaries contained in the Loan
Documents, and all certificates and documents delivered to the Administrative Agent and the Lenders
pursuant to the terms thereof, taken as a whole, do not contain as of the date furnished any untrue
statement of a material fact or omit to state a material fact necessary in order to make the
statements contained herein or therein, in light of the circumstances under which they were made,
not misleading.

     6.11 Securities Activities. Neither the Borrower nor any of its Subsidiaries is
engaged in the business of extending credit for the purpose of purchasing or carrying Margin Stock.

     6.12 Material Agreements. Neither the Borrower nor any Subsidiary is a party to any
Contractual Obligation or subject to any charter or other corporate or similar restriction which
individually or in the aggregate will have or could reasonably be expected to have a Material
Adverse Effect. Neither the Borrower nor any of its Subsidiaries has received notice or has
knowledge that (i) it is in default in the performance, observance or fulfillment of any of the
obligations, covenants or conditions contained in any Contractual Obligation applicable to it, or
(ii) any condition exists which, with the giving of notice or the lapse of time or both, would
constitute a default with respect to any such Contractual Obligation, in each case, except where
such default or defaults, if any, individually or in the aggregate will not have or could not
reasonably be expected to have a Material Adverse Effect.

     6.13 Compliance with Laws. The Borrower and its Subsidiaries are in compliance with
all Requirements of Law applicable to them and their respective businesses, in each case where the
failure to so comply individually or in the aggregate could reasonably be expected to have a
Material Adverse Effect.

     6.14 Assets and Properties. The Borrower and each of its Subsidiaries has legal title
to all of its material assets and properties (tangible and intangible, real or personal) owned by
it or a valid leasehold interest in all of its material leased assets (except insofar as
marketability may be limited by any laws or regulations of any Governmental Authority affecting
such assets), and all such assets and property are free and clear of all Liens, except Liens
permitted under Section 7.3(C). Substantially all of the assets and properties owned by,
leased to or used by the Borrower and/or each such Subsidiary of the Borrower are in adequate
operating condition and repair, ordinary wear and tear excepted. Neither this Agreement nor any
other Loan Document, nor any transaction contemplated under any such agreement, will affect any
right, title or interest of the Borrower or such Subsidiary in and to any of such assets in a
manner that has had or could reasonably be expected to have a Material Adverse Effect.

     6.15 Statutory Indebtedness Restrictions. Neither the Borrower nor any of its
Subsidiaries is subject to regulation under the Federal Power Act, the Interstate Commerce Act, or
the Investment Company Act of 1940, or any other federal or state statute or regulation which
limits its ability to incur indebtedness or its ability to consummate the transactions contemplated
hereby.

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     6.16 Insurance. The insurance policies and programs in effect with respect to the
respective properties, assets, liabilities and business of the Borrower and its Subsidiaries
reflect coverage that is reasonably consistent with prudent industry practice.

     6.17 Labor Matters. No attempt to organize the employees of the Borrower or any of
its Subsidiaries, and no labor disputes, strikes or walkouts affecting the operations of the
Borrower or any of its Subsidiaries, is pending, or, to the Borrower’s knowledge, threatened,
planned or contemplated, which has or could reasonably be expected to have a Material Adverse
Effect.

     6.18 Environmental Matters. (A) Except as disclosed on Schedule 6.18 to this
Agreement:

     (i) the operations of the Borrower and its Subsidiaries comply in all material respects
with Environmental, Health or Safety Requirements of Law;

     (ii) the Borrower and its Subsidiaries have all material permits, licenses or other
authorizations required under Environmental, Health or Safety Requirements of Law and are in
material compliance with such permits;

     (iii) neither the Borrower, any of its Subsidiaries nor any of their respective present
property or operations, or, to the Borrower’s or any of its Subsidiaries’ knowledge, any of
their respective past property or operations, are subject to or the subject of, any
investigation known to the Borrower or any of its Subsidiaries, any judicial or
administrative proceeding, order, judgment, decree, settlement or other agreement
respecting: (A) any material violation of Environmental, Health or Safety Requirements of
Law; (B) any material remedial action; or (C) any material claims or liabilities arising
from the Release or threatened Release of a Contaminant into the environment;

     (iv) there is not now, nor to the Borrower’s or any of its Subsidiaries’ knowledge has
there ever been, on or in the property of the Borrower or any of its Subsidiaries any
landfill, waste pile, underground storage tanks, aboveground storage tanks, surface
impoundment or hazardous waste storage facility of any kind, any polychlorinated biphenyls
(PCBs) used in hydraulic oils, electric transformers or other equipment, or any asbestos
containing material that would result in material remediation costs or material penalties to
the Borrower or any of its Subsidiaries; and

     (v) neither the Borrower nor any of its Subsidiaries has any material Contingent
Obligation in connection with any Release or threatened Release of a Contaminant into the
environment.

     (B) For purposes of this Section 6.18 “material” means any noncompliance or other
basis for liability which could reasonably be likely to subject the Borrower or any of its
Subsidiaries to liability, individually or in the aggregate with each other basis for liability
under this Section 6.18, in excess of $50,000,000.

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     6.19 Solvency. After giving effect to (i) the Loans to be made (or, if applicable,
Letters of Credit to be issued) on the Initial Funding Date or each such other date as Loans
requested hereunder are made (or Letters of Credit are issued), (ii) the other transactions
contemplated by this Agreement and the other Loan Documents and (iii) the payment and accrual of
all transaction costs with respect to the foregoing, the Borrower is, and the Borrower and its
Subsidiaries taken as a whole are, Solvent.

     6.20 Benefits. Each of the Borrower and its Subsidiaries will benefit from the
financing arrangement established by this Agreement. The Administrative Agent and the Lenders have
stated and the Borrower acknowledges that, but for the agreement by each of the Subsidiary
Guarantors to execute and deliver the Subsidiary Guaranty, the Administrative Agent and the Lenders
would not have made available the credit facilities established hereby on the terms set forth
herein.

ARTICLE
VII: COVENANTS

     The Borrower covenants and agrees that so long as any Revolving Loan Commitments are
outstanding and thereafter until all of the Obligations (other than contingent indemnity
obligations) shall have been fully and indefeasibly paid and satisfied in cash, all financing
arrangements among the Borrower and the Lenders shall have been terminated and all of the Letters
of Credit shall have expired, been canceled or terminated, unless the Required Lenders shall
otherwise give prior written consent:

     7.1 Reporting. The Borrower shall:

     (A) Financial Reporting. Furnish to the Administrative Agent (with sufficient copies
for each of the Lenders, which the Administrative Agent shall promptly deliver to the Lenders):

     (i) Quarterly Reports. As soon as practicable, and in any event within
forty-five (45) days after the end of each of the Borrower’s first three fiscal quarters,
the consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such
period and the related consolidated statements of income and cash flows of the Borrower and
its Subsidiaries for such fiscal quarter and for the period from the beginning of the then
current fiscal year to the end of such fiscal quarter, certified by the chief financial
officer or treasurer of the Borrower on behalf of the Borrower as fairly presenting the
consolidated financial position of the Borrower and its Subsidiaries as at the dates
indicated and the results of their operations and cash flows for the periods indicated in
accordance with Agreement Accounting Principles, subject to normal year-end audit
adjustments and the absence of footnotes.

     (ii) Annual Reports. As soon as practicable, and in any event within ninety
(90) days after the end of each fiscal year, (a) the consolidated and consolidating balance
sheet of the Borrower and its Subsidiaries as at the end of such fiscal year and the related
consolidated and consolidating statements of income, stockholders’ equity and cash flows of
the Borrower and its Subsidiaries for such fiscal year, and in comparative form the
corresponding figures for the previous fiscal year along with consolidating schedules in
form and substance sufficient to calculate the financial covenants set forth in Section
7.4,

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and (b) an audit report on the consolidated financial statements (but not the
consolidating financial statements or schedules) listed in clause (a) hereof of
independent certified public accountants of recognized national standing, which audit report
shall be unqualified and shall state that such financial statements fairly present the
consolidated financial position of the Borrower and its Subsidiaries as at the dates
indicated and the results of their operations and cash flows for the periods indicated in
conformity with Agreement Accounting Principles and that the examination by such accountants
in connection with such consolidated financial statements has been made in accordance with
generally accepted auditing standards.

     (iii) Officer’s Compliance Certificate. Together with each delivery of any
financial statements (a) pursuant to clauses (i) and (ii) of this
Section 7.1(A), an Officer’s Certificate from the chief financial officer or
treasurer of the Borrower, substantially in the form of Exhibit H attached hereto
and made a part hereof, stating that (x) the representations and warranties of the Borrower
contained in Article VI hereof shall have been true and correct in all material
respects as of the date of such Officer’s Certificate and (y) as of the date of such
Officer’s Certificate no Default or Unmatured Default exists, or if any Default or Unmatured
Default exists, stating the nature and status thereof and (b) pursuant to clauses
(i) and (ii) of this Section 7.1(A), a compliance certificate,
substantially in the form of Exhibit I attached hereto and made a part hereof,
signed by the Borrower’s chief financial officer or treasurer setting forth calculations for
the period which demonstrate compliance, when applicable, with the provisions of Section
7.2(K), Sections 7.3(A) through (Q) and Section 7.4, and which
calculate the Leverage Ratio for purposes of determining the then Applicable Margin,
Applicable Facility Fee Percentage and Applicable L/C Fee Percentage.

     (B) Notice of Default and Adverse Developments. Promptly upon any of the chief
executive officer, chief operating officer, chief financial officer, treasurer or controller of the
Borrower obtaining actual knowledge (i) of any condition or event which constitutes a Default or
Unmatured Default, or becoming aware that any Lender or Administrative Agent has given any written
notice with respect to a claimed Default or Unmatured Default under this Agreement, (ii) that any
Person having the authority to give such a notice has given any written notice to the Borrower or
any Subsidiary of the Borrower or taken any other action with respect to a claimed default or event
or condition of the type referred to in Section 8.1(E), or (iii) that any other
development, financial or otherwise, which could reasonably be expected to have a Material Adverse
Effect has occurred specifying (a) the nature and period of existence of any such claimed default,
Default, Unmatured Default, condition or event, (b) the notice given or action taken by such Person
in connection therewith, and (c) what action the Borrower has taken, is taking and proposes to take
with respect thereto.

     (C) ERISA Notices. Deliver or cause to be delivered to the Administrative Agent and
the Lenders, at the Borrower’s expense, the following information and notices as soon as reasonably
possible, and in any event:

     (i) within ten (10) Business Days after any member of the Controlled Group obtains
knowledge that a Termination Event has occurred which could reasonably be expected to
subject the Borrower to liability individually or in the aggregate in excess of

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$25,000,000, a written statement of the chief financial officer or treasurer of the
Borrower describing such Termination Event and the action, if any, which the member of the
Controlled Group has taken, is taking or proposes to take with respect thereto, and when
known, any action taken or threatened by the IRS, DOL or PBGC with respect thereto;

     (ii) within ten (10) Business Days after the filing of any funding waiver request with
the IRS, a copy of such funding waiver request and thereafter all communications received by
the Borrower or a member of the Controlled Group with respect to such request within ten
(10) Business Days after such communication is received; and

     (iii) within ten (10) Business Days after the Borrower or any member of the Controlled
Group knows or has reason to know that (a) a Multiemployer Plan has been terminated, (b) the
administrator or plan sponsor of a Multiemployer Plan intends to terminate a Multiemployer
Plan, or (c) the PBGC has instituted or will institute proceedings under Section 4042 of
ERISA to terminate a Multiemployer Plan, a notice describing such matter.

For purposes of this Section 7.1(C), the Borrower and any member of the Controlled Group
shall be deemed to know all facts known by the administrator of any Plan of which the Borrower or
any member of the Controlled Group is the plan sponsor.

     (D) Other Indebtedness. Deliver to the Administrative Agent (i) a copy of each
regular report, notice or communication regarding potential or actual defaults (including any
accompanying officer’s certificate) delivered by or on behalf of the Borrower to the holders of
funded Material Indebtedness, including, without limitation holders of Indebtedness under any
Financing Facility, pursuant to the terms of the agreements governing such Indebtedness, such
delivery to be made at the same time and by the same means as such notice or other communication is
delivered to such holders, and (ii) a copy of each notice received by the Borrower from the holders
of funded Material Indebtedness who are authorized and/or have standing to deliver such notice
pursuant to the terms of such Indebtedness, such delivery to be made promptly after such notice is
received by Borrower.

     (E) Other Reports. Deliver or cause to be delivered to the Administrative Agent and
the Lenders copies of all financial statements, reports and notices, if any, sent by the Borrower
to its securities holders or filed with the Commission by the Borrower, other than Reports on Form
8-K which contain only information furnished pursuant to Item 12 thereof.

     (F) Environmental Notices. As soon as possible and in any event within ten (10) days
after receipt by the Borrower, deliver or cause to be delivered to the Administrative Agent a copy
of (i) any notice or claim to the effect that the Borrower or any of its Subsidiaries is or may be
liable to any Person as a result of the Release by the Borrower, any of its Subsidiaries, or any
other Person of any Contaminant into the environment, and (ii) any notice alleging any violation of
any Environmental, Health or Safety Requirements of Law by the Borrower or any of its Subsidiaries
if, in either case, such notice or claim relates to an event which could reasonably be

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expected to subject the Borrower and each of its Subsidiaries to liability individually or in
the aggregate in excess of $25,000,000.

     (G) New Permitted Financing Facilities; Amendments to or Refinancings of Existing
Financing Facilities and Material Indebtedness. Promptly after the execution thereof, deliver
or cause to be delivered to the Administrative Agent copies of (i) the documents evidencing the
Indebtedness extended to the Borrower or any of its Subsidiaries under a Permitted Financing
Facility having an aggregate principal outstanding or committed amount equal to or greater than
$50,000,000 and (ii) all material amendments, restatements, supplements, modifications, extensions,
or refinancings or replacements to or of, as the case may be, any of the documents evidencing all
or any portion of the Indebtedness extended to the Borrower or any of its Subsidiaries under any of
the Financing Facilities and any other Material Indebtedness; provided, however, that nothing
herein shall eliminate the necessity or advisability of providing advance copies of draft
documentation of the foregoing to the Administrative Agent for review in order to ensure the
permissibility of any such Indebtedness, amendments, restatements, supplements, modifications,
extensions, or refinancings or replacements.

     (H) Other Information. Promptly upon receiving a request therefor from the
Administrative Agent, prepare and deliver to the Administrative Agent and the Lenders such other
information with respect to the Borrower, any of its Subsidiaries, or their respective businesses
and assets, including, without limitation, schedules identifying and describing any Asset Sale (and
the use of the net cash proceeds thereof), as from time to time may be reasonably requested by the
Administrative Agent.

     7.2 Affirmative Covenants.

     (A) Corporate Existence, Etc. Except as permitted pursuant to Section 7.3(H),
the Borrower shall, and shall cause each of its Subsidiaries to, at all times maintain its
existence and preserve and keep, or cause to be preserved and kept, in full force and effect its
rights and franchises material to its businesses.

     (B) Corporate Powers; Conduct of Business. The Borrower shall, and shall cause each
of its Material Subsidiaries to, qualify and remain qualified to do business in each jurisdiction
in which the nature of its business requires it to be so qualified and where the failure to be so
qualified will have or would reasonably be expected to have a Material Adverse Effect. The
Borrower will, and will cause each Material Subsidiary to, carry on and conduct its business in
substantially the same manner and in substantially the same fields of enterprise as it is presently
conducted unless the failure of the Borrower or its Material Subsidiaries to carry on and conduct
its business as so described would not reasonably be expected to have a Material Adverse Effect.

     (C) Compliance with Laws, Etc. The Borrower shall, and shall cause its Subsidiaries
to, (a) comply with all Requirements of Law and all restrictive covenants affecting such Person or
the business, properties, assets or operations of such Person, and (b) obtain as needed all permits
necessary for its operations and maintain such permits in good standing unless, in either case,
failure to comply or obtain such permits would not reasonably be expected to have a Material
Adverse Effect.

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     (D) Payment of Taxes and Claims; Tax Consolidation. The Borrower shall pay,
and cause each of its Subsidiaries to pay, (i) all taxes, assessments and other governmental
charges imposed upon it or on any of its properties or assets or in respect of any of its
franchises, business, income or property before any penalty or interest accrues thereon, and (ii)
all claims (including, without limitation, claims for labor, services, materials and supplies) for
sums which have become due and payable and which by law have or may become a Lien (other than a
Lien permitted by Section 7.3(C)) upon any of the Borrower’s or such Subsidiary’s property
or assets, prior to the time when any penalty or fine shall be incurred with respect thereto;
provided, however, that no such taxes, assessments and governmental charges
referred to in clause (i) above or claims referred to in clause (ii) above (and
interest, penalties or fines relating thereto) need be paid if being contested in good faith by
appropriate proceedings diligently instituted and conducted and if such reserve or other
appropriate provision, if any, as shall be required in conformity with Agreement Accounting
Principles shall have been made therefor.

     (E) Insurance. The Borrower shall maintain for itself and its Subsidiaries, or
shall cause each of its Subsidiaries to maintain in full force and effect, insurance policies and
programs, with such deductibles or self-insurance amounts as reflect coverage that is reasonably
consistent with prudent industry practice as determined by the Borrower.

     (F) Inspection of Property; Books and Records; Discussions. The Borrower shall
permit and cause each of the Borrower’s Subsidiaries to permit, any authorized representative(s)
designated by either the Administrative Agent or any Lender to visit and inspect any of the
properties of the Borrower or any of its Subsidiaries, to examine their respective financial and
accounting records and other material data relating to their respective businesses or the
transactions contemplated hereby (including, without limitation, in connection with environmental
compliance, hazard or liability), and to discuss their affairs, finances and accounts with their
officers and independent certified public accountants, all upon reasonable notice and at such
reasonable times during normal business hours, as often as may be reasonably requested (provided
that an officer of the Borrower or any of its Subsidiaries may, if it so desires, be present at and
participate in any such discussion). The Borrower shall keep and maintain, and cause each of the
Borrower’s Subsidiaries to keep and maintain, in all material respects, proper books of record and
account in which entries in conformity with Agreement Accounting Principles shall be made of all
dealings and transactions in relation to their respective businesses and activities. If a Default
has occurred and is continuing, the Borrower, upon the Administrative Agent’s request, shall turn
over copies of any such records to the Administrative Agent or its representatives.

     (G) ERISA Compliance. The Borrower shall, and shall cause each of the Borrower’s
Subsidiaries to, establish, maintain and operate all Plans to comply in all material respects with
the provisions of ERISA and shall operate all Plans and Non-ERISA Commitments to comply in all
material respects with the applicable provisions of the Code, all other applicable laws, and the
regulations and interpretations thereunder and the respective requirements of the governing
documents for such Plans and Non-ERISA Commitments, except for any noncompliance which,
individually or in the aggregate, could not reasonably be expected to have a Material Adverse
Effect.

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     (H) Maintenance of Property. The Borrower shall cause all property necessary for
the conduct of its business or the business of any Subsidiary to be maintained and kept in good
condition, repair and working order and supplied with all necessary equipment and shall cause to be
made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as in
the judgment of the Borrower may be necessary for the conduct of its business; provided,
however, that nothing in this Section 7.2(H) shall prevent the Borrower from
discontinuing the operation or maintenance of any of such property if such discontinuance is, in
the judgment of the Borrower, desirable in the conduct of its business or the business of any
Subsidiary and not disadvantageous in any material respect to the Administrative Agent or the
Lenders.

     (I) Environmental Compliance. The Borrower and its Subsidiaries shall comply with
all Environmental, Health or Safety Requirements of Law, except where noncompliance will not have
or is not reasonably likely to subject the Borrower or any of its Subsidiaries, individually or in
the aggregate, to liability in excess of $50,000,000.

     (J) Use of Proceeds. The Borrower shall use the proceeds of the Loans solely for
the general corporate purposes of the Borrower and its Subsidiaries, including, without limitation,
to finance Permitted Acquisitions.

     (K) Addition of Subsidiary Guarantors.

     (a) New Subsidiaries. The Borrower shall cause each New Subsidiary that is, at
any time, a Material Domestic Subsidiary (other than a SPV) to deliver to the Administrative Agent
an executed Supplement to become a Subsidiary Guarantor under the Subsidiary Guaranty in the form
of Exhibit J attached hereto (a “Supplement”) and appropriate corporate resolutions,
opinions and other documentation in form and substance reasonably satisfactory to the
Administrative Agent, such Supplement and other documentation to be delivered to the Administrative
Agent as promptly as possible upon the creation, acquisition of or capitalization thereof or if
otherwise necessary to remain in compliance with Section 7.3(Q), but in any event within
thirty (30) days of such creation, acquisition or capitalization.

     (b) Additional Material Domestic Subsidiaries. If any consolidated Subsidiary of
the Borrower (other than a New Subsidiary to the extent addressed in Section 7.2(K)(a) or a
SPV) becomes a Material Domestic Subsidiary, the Borrower shall cause any such Material Domestic
Subsidiary to deliver to the Administrative Agent an executed Supplement to become a Subsidiary
Guarantor and appropriate corporate resolutions, opinions and other documentation in form and
substance reasonably satisfactory to the Administrative Agent in connection therewith, such
Supplement and other documentation to be delivered to the Administrative Agent as promptly as
possible but in any event within thirty (30) days following the date on which such consolidated
Subsidiary became a Material Domestic Subsidiary.

     (c) Additional Subsidiary Guarantors.

     (i) If at any time a member of the Senior Management Team of the Borrower has actual
knowledge that the aggregate assets of all of the Borrower’s domestic consolidated Subsidiaries
(other than SPVs) which are not Subsidiary Guarantors exceed ten percent (10%) of Consolidated
Domestic Assets of the Borrower and its consolidated Subsidiaries (other than the

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SPVs), as calculated by the Borrower, the Borrower shall cause such domestic consolidated
Subsidiaries as are necessary to reduce such aggregate assets to or below ten percent (10%) of such
Consolidated Domestic Assets to deliver to the Administrative Agent executed Supplements to become
Subsidiary Guarantors and appropriate corporate resolutions, opinions and other documentation in
form and substance reasonably satisfactory to the Administrative Agent in connection therewith,
such Supplements and other documentation to be delivered to the Administrative Agent as promptly as
possible but in any event within thirty (30) days following the initial date on which a member of
the Senior Management Team of the Borrower obtained actual knowledge that such aggregate assets
exceed ten percent (10%) of such Consolidated Domestic Assets.

     (ii) If at any time any Subsidiary of the Borrower which is not a Subsidiary Guarantor
guaranties any Indebtedness of the Borrower for which the Borrower is a primary obligor (other than
solely as a guarantor of obligations of its Affiliates or other third parties), other than the
Indebtedness hereunder, the Borrower shall cause such Subsidiary to deliver to the Administrative
Agent an executed Supplement to become a Subsidiary Guarantor and appropriate corporate
resolutions, opinions and other documentation in form and substance reasonably satisfactory to the
Administrative Agent in connection therewith, such Supplement and other documentation to be
delivered to the Administrative Agent prior to or concurrently with the delivery of the guaranty of
such other Indebtedness.

For the avoidance of doubt, and without limiting any other provision of this Section
7.2(K), the Borrower shall cause Supplements to the Subsidiary Guaranty, and appropriate
corporate resolutions, opinions and other documentation in form and substance reasonably
satisfactory to the Administrative Agent in connection therewith, to be delivered by each
“Subsidiary Guarantor” described in clause (i) of the definition of “Subsidiary Guarantors” in the
Term Loan Credit Agreement that is not already a Subsidiary Guarantor as and when such guarantees
and related deliveries are delivered under the Term Loan Credit Agreement.

     7.3 Negative Covenants.

     (A) Subsidiary Indebtedness. The Borrower shall not permit any of its
Subsidiaries directly or indirectly to create, incur, assume or otherwise become or remain directly
or indirectly liable with respect to any Indebtedness, except:

     (i) Indebtedness of the Subsidiaries under the Subsidiary Guaranty;

     (ii) Indebtedness in respect of guaranties executed by any Subsidiary Guarantor
with respect to any Indebtedness of the Borrower, provided such Indebtedness is not incurred
by the Borrower in violation of this Agreement;

     (iii) Indebtedness in respect of obligations secured by Customary Permitted Liens;

     (iv) Indebtedness constituting Contingent Obligations permitted by Section
7.3(E);

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     (v) Indebtedness arising from loans (a) from any Subsidiary to any wholly-owned
Subsidiary or (b) from the Borrower to any wholly-owned Subsidiary; provided, that
if any Subsidiary Guarantor is the obligor on such Indebtedness, such Indebtedness shall be
expressly subordinate to the payment in full in cash of the Obligations on terms
satisfactory to the Administrative Agent;

     (vi) Indebtedness in respect of Hedging Obligations permitted under Section
7.3(O);

     (vii) Indebtedness with respect to surety, appeal and performance bonds obtained by
any of the Borrower’s Subsidiaries in the ordinary course of business;

     (viii) Indebtedness incurred in connection with the Receivables Purchase Documents,
provided, that Receivables Facility Attributed Indebtedness incurred in connection therewith
does not exceed $250,000,000 in the aggregate at any time outstanding; and

     (ix) Other Indebtedness in addition to that referred to elsewhere in this
Section 7.3(A) incurred by the Borrower’s Subsidiaries; provided that no
Default or Unmatured Default shall have occurred and be continuing at the date of such
incurrence or would result therefrom; and provided further that the
aggregate outstanding amount of all Indebtedness incurred by the Borrower’s Subsidiaries
(other than Indebtedness incurred pursuant to clauses (i), (ii),
(v), (vi) and (viii) of this Section 7.3(A)) shall not at
any time exceed 25% of the Borrower’s Consolidated Total Capitalization.

     (B) Sales of Assets. Neither the Borrower nor any of its Subsidiaries shall sell,
assign, transfer, lease, convey or otherwise dispose of any property, whether now owned or
hereafter acquired, or any income or profits therefrom, or enter into any agreement to do so,
except:

     (i) sales of Inventory in the ordinary course of business;

     (ii) the disposition in the ordinary course of business of Equipment that is
obsolete, excess or no longer used or useful in the Borrower’s or its Subsidiaries’
businesses;

     (iii) any Permitted Receivables Transfer; provided that the amount of Receivables
Facility Attributed Indebtedness does not exceed $250,000,000 in the aggregate at any time
outstanding;

     (iv) sales, transfers or other dispositions of property to the Borrower or a
Subsidiary Guarantor; and

     (v) sales, assignments, transfers, leases, conveyances or other dispositions of
other assets (other than pursuant to clauses (i), (ii), (iii) and
(iv) above) if such transaction (a) is for not less than fair market value, and (b)
when combined with all such other transactions (each such transaction being valued at book
value) occurring during the fiscal year in which such proposed transaction occurred
represents the disposition of not

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greater than fifteen percent (15%) of the Borrower’s
Consolidated Assets (such
Consolidated Assets being calculated for the end of the fiscal year immediately
preceding that in which such transaction is proposed to be entered into).

     (C) Liens. Neither the Borrower nor any of its Subsidiaries shall directly or
indirectly create, incur, assume or permit to exist any Lien on or with respect to any of their
respective property or assets except:

     (i) (a) Liens, if any, created by the Loan Documents or otherwise securing the
Obligations and (b) Liens created by the “Loan Documents” under and as defined in the Term
Loan Credit Agreement or otherwise securing the “Obligations” (as such terms are defined in
the Term Loan Credit Agreement), provided, that such Liens are shared on an equal and
ratable basis with the Lenders with respect to the Obligations hereunder;

     (ii) Customary Permitted Liens;

     (iii) Liens arising under the Receivables Purchase Documents; and

     (iv) other Liens, including Permitted Existing Liens, (a) securing Indebtedness of
the Borrower and/or (b) securing Indebtedness of the Borrower’s Subsidiaries as permitted
pursuant to Section 7.3(A), all of which, when taken together, secure Indebtedness
in an aggregate outstanding principal amount not to exceed five percent (5%) of Consolidated
Assets at any time.

In addition, neither the Borrower nor any of its Subsidiaries shall become a party to any
agreement, note, indenture or other instrument, or take any other action, which would prohibit the
creation of a Lien on any of its properties or other assets in favor of the Administrative Agent
for the benefit of itself and the Holders of Obligations, as collateral for the Obligations;
provided, that any agreement, note, indenture or other instrument in connection with
purchase money indebtedness (including Capitalized Leases) may prohibit the creation of a Lien in
favor of the Administrative Agent for the benefit of itself and the Holders of Obligations on the
items of property obtained with the proceeds of such purchase money indebtedness; provided,
further, that (a) the Senior Note Purchase Agreements in connection with the Senior Notes
may prohibit the creation of a Lien in favor of the Administrative Agent for the benefit of itself
and the Holders of Obligations, as collateral for the Obligations; (b) the Receivables Purchase
Documents may prohibit the creation of a Lien with respect to all of the assets of the SPV and with
respect to the Receivables and Related Security of any of the Originators in favor of the
Administrative Agent for the benefit of itself and the Holders of Obligations, as collateral for
the Obligations; and (c) the Term Loan Credit Agreement may prohibit the creation of a Lien in
favor of the Administrative Agent, for the benefit of itself and the Holders of Obligations, as
collateral for the Obligations unless the holders of the obligations under the Term Loan Credit
Agreement shall be provided with an equal and ratable Lien.

     (D) Investments. Except to the extent permitted pursuant to paragraph (G)
below, neither the Borrower nor any of its Subsidiaries shall directly or indirectly make or own
any Investment except:

     (i) Investments in cash and Cash Equivalents;

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     (ii) Permitted Existing Investments in an amount not greater than the amount
thereof on the Closing Date;

     (iii) Investments in trade receivables or received in connection with the
bankruptcy or reorganization of suppliers and customers and in settlement of delinquent
obligations of, and other disputes with, customers and suppliers arising in the ordinary
course of business;

     (iv) Investments consisting of deposit accounts maintained by the Borrower and its
Subsidiaries;

     (v) Investments consisting of non-cash consideration from a sale, assignment,
transfer, lease, conveyance or other disposition of property permitted by Section
7.3(B);

     (vi) Investments in any consolidated Subsidiaries (other than joint ventures);

     (vii) Investments in joint ventures and nonconsolidated Subsidiaries in an
aggregate amount not to exceed $75,000,000;

     (viii) Investments constituting Permitted Acquisitions;

     (ix) Investments constituting Indebtedness permitted by Section 7.3(A) or
Contingent Obligations permitted by Section 7.3(E);

     (x) Investments in the SPVs (a) required in connection with the Receivables
Purchase Documents and (b) resulting from the transfers permitted by Section
7.3(B)(iii); and

     (xi) Investments in addition to those referred to elsewhere in this Section
7.3(D) in an aggregate amount not to exceed $75,000,000.

     (E) Contingent Obligations. None of the Borrower’s Subsidiaries shall directly or
indirectly create or become or be liable with respect to any Contingent Obligation, except: (i)
recourse obligations resulting from endorsement of negotiable instruments for collection in the
ordinary course of business; (ii) Permitted Existing Contingent Obligations; (iii) obligations,
warranties, and indemnities, not relating to Indebtedness of any Person, which have been or are
undertaken or made in the ordinary course of business and not for the benefit of or in favor of an
Affiliate of the Borrower or such Subsidiary; (iv) Contingent Obligations with respect to surety,
appeal and performance bonds obtained by the Borrower or any Subsidiary in the ordinary course of
business; (v) Contingent Obligations of the Subsidiary Guarantors under the Subsidiary Guaranty;
(vi) Contingent Obligations of Subsidiaries which are Subsidiary Guarantors under a guaranty of the
Indebtedness of the Borrower evidenced by the Term Loan Credit Agreement, the Senior Notes, the
Senior Note Purchase Agreements and any Permitted Financing Facility; (vii) Contingent Obligations
of the Borrower or any of its Subsidiaries arising under the Receivables Purchase Documents; (viii)
Contingent Obligations of non-domestic Subsidiaries represented by guarantees of obligations of
other non-domestic Subsidiaries; (ix) Contingent Obligations of Subsidiaries which are guarantors
under a guaranty of Indebtedness of a Subsidiary of the Borrower (including a Permitted Financing
Facility) permitted under

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Section 7.3(A)(ix); and (x) Contingent Obligations incurred in the ordinary course of business
by any of the Borrower’s Subsidiaries in respect of obligations of any Subsidiary.

     (F) Conduct of Business; New Subsidiaries; Acquisitions. Except as expressly
provided in clause (c) in the definition of “Permitted Acquisition” below, neither the
Borrower nor any of its Subsidiaries shall engage in any business other than the businesses engaged
in by the Borrower and its Subsidiaries on the date of such transaction and any business or
activities which are substantially similar, related or incidental thereto. The Borrower may
create, acquire in a Permitted Acquisition or capitalize any Subsidiary (a “New Subsidiary”) after
the date hereof if (i) no Default or Unmatured Default shall have occurred and be continuing or
would result therefrom; (ii) after such creation, acquisition or capitalization, all of the
representations and warranties contained herein shall be true and correct; and (iii) after such
creation, acquisition or capitalization the Borrower shall be in compliance with the terms of
Sections 7.2(K) and 7.3(Q).

     Without in any way limiting the foregoing, neither the Borrower nor any of its Subsidiaries
shall make any Acquisitions, other than Acquisitions meeting the following requirements or
otherwise approved by the Required Lenders (each such Acquisition constituting a “Permitted
Acquisition”):

     (a) no Default or Unmatured Default shall have occurred and be continuing or would result
from such Acquisition or the incurrence of any Indebtedness in connection therewith, and all of the
representations and warranties contained herein shall be true and correct on and as of the date
such Acquisition with the same effect as though made on and as of such date;

     (b) the purchase is consummated on a non-hostile basis pursuant to a negotiated
acquisition agreement approved by the board of directors or other applicable governing body of the
seller prior to the commencement of such Acquisition; provided, however, that
nothing in this clause (b) shall prevent the Borrower from enforcing its rights against a
seller following a default in such seller’s obligations under any such agreement;

     (c) the businesses being acquired shall be consumer product companies or other businesses
that are substantially similar, related or incidental to the businesses or activities engaged in by
the Borrower and its Subsidiaries as of the Closing Date, as well as suppliers to or distributors
of products similar to those of the Borrower and its Subsidiaries; provided,
however, that the Borrower and its Subsidiaries shall be permitted to acquire businesses
that do not satisfy the foregoing criteria in this clause (c) so long as the aggregate
purchase price for all such acquisitions does not exceed five percent (5%) of the Borrower’s
consolidated tangible net assets (on a pro forma basis) as of the date of the consummation of such
Acquisition; and

     (d) prior to each such Acquisition, the Borrower shall determine that after giving effect
to such Acquisition and the incurrence of any Indebtedness by the Borrower or any of its
Subsidiaries, to the extent permitted by this Agreement, in connection therewith, on a pro forma
basis acceptable to the Administrative Agent the Borrower would have been in compliance with the
financial covenants in Section 7.4 for the applicable period being tested and not otherwise
in Default.

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     (G) Transactions with Shareholders and Affiliates. Except for (a) the
transactions set forth on Schedule 7.3(G), (b) Permitted Receivables Transfers and (c)
Investments permitted by Section 7.3(D), neither the Borrower nor any of its Subsidiaries
shall directly or indirectly enter into or permit to exist any transaction (including, without
limitation, the purchase, sale, lease or exchange of any property or the rendering of any service)
with any holder or holders of any of the Equity Interests of the Borrower, or with any Affiliate of
the Borrower which is not its Subsidiary, on terms that are less favorable to the Borrower or any
of its Subsidiaries, as applicable, than those that might be obtained in an arm’s length
transaction at the time from Persons who are not such a holder or Affiliate.

     (H) Restriction on Fundamental Changes. Neither the Borrower nor any of its
Subsidiaries shall enter into any merger or consolidation, or liquidate, wind-up or dissolve (or
suffer any liquidation or dissolution), or convey, lease, sell, transfer or otherwise dispose of,
in one transaction or series of transactions, all or substantially all of the Borrower’s or any
such Subsidiary’s business or property, whether now or hereafter acquired, except (i) transactions
permitted under Sections 7.3(B) or 7.3(F) (including the liquidation, winding up or
dissolution of a Subsidiary in connection with a transaction permitted under Section
7.3(B)) and (ii) a Subsidiary of the Borrower may be merged into, liquidated into or
consolidated with the Borrower (in which case the Borrower shall be the surviving corporation) or
any wholly-owned Subsidiary of the Borrower; provided if a Subsidiary Guarantor is merged
into, liquidated into or consolidated with another Subsidiary of the Borrower, the surviving
Subsidiary shall also be or shall become a Subsidiary Guarantor to the extent required under
Section 7.2(K) or 7.3(Q) hereunder.

     (I) Sales and Leasebacks. Neither the Borrower nor any of its Subsidiaries shall
become liable, directly, by assumption or by Contingent Obligation, with respect to any lease,
whether an operating lease or a Capitalized Lease, of any property (whether real or personal or
mixed), (i) which it or one of its Subsidiaries sold or transferred or is to sell or transfer to
any other Person, or (ii) which it or one of its Subsidiaries intends to use for substantially the
same purposes as any other property which has been or is to be sold or transferred by it or one of
its Subsidiaries to any other Person in connection with such lease, unless in either case the sale
involved is not prohibited under Section 7.3(B) and the lease involved is not prohibited
under Section 7.3(A).

     (J) Margin Regulations; Use of Proceeds. Neither the Borrower nor any of its
Subsidiaries, shall use all or any portion of the proceeds of any credit extended under this
Agreement (i) to purchase or carry Margin Stock in violation of any of the regulations of the
Board, including Regulations T, U and X or (ii) for any purpose other than those set forth in
Section 7.2(J).

     (K) ERISA. The Borrower shall not:

     (i) fail to satisfy the “minimum funding standard” (as defined in Sections 302 of
ERISA and 412 of the Code), with respect to any Benefit Plan, whether or not waived;

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     (ii) terminate, or permit any Controlled Group member to terminate, any Benefit
Plan which would result in liability of the Borrower or any Controlled Group member under
Title IV of ERISA;

     (iii) fail, or permit any Controlled Group member to fail, to pay any required
installment or any other payment required under Section 412 of the Code on or before the due
date for such installment or other payment; or

     (iv) permit any unfunded liabilities with respect to any Foreign Pension Plan;

except where such transactions, events, circumstances, or failures are not, individually or in the
aggregate, reasonably expected to result in liability individually or in the aggregate in excess of
$50,000,000 or have a Material Adverse Effect.

     (L) Corporate Documents. Neither the Borrower nor any of its Subsidiaries shall
amend, modify or otherwise change any of the terms or provisions in any of their respective
constituent documents as in effect on the date hereof in any manner adverse to the interests of the
Lenders, without the prior written consent of the Required Lenders.

     (M) Fiscal Year. Neither the Borrower nor any of its consolidated Subsidiaries
shall change its fiscal year for accounting or tax purposes from a twelve-month period ending
September 30 of each year.

     (N) Subsidiary Covenants. The Borrower will not, and will not permit any
Subsidiary to, create or otherwise cause to become effective any consensual encumbrance or
restriction of any kind on the ability of any Subsidiary to pay dividends or make any other
distribution on its stock, redeem or repurchase its stock, make any other similar payment or
distribution, pay any Indebtedness or other obligation owed to the Borrower or any other
Subsidiary, make loans or advances or other Investments in the Borrower or any other Subsidiary, to
sell, transfer or otherwise convey any of its property to the Borrower or any other Subsidiary or
merge, consolidate with or liquidate into the Borrower or any other Subsidiary other than pursuant
to (i) this Agreement, the Term Loan Credit Agreement or any other Permitted Financing Facility;
provided, however, that the restrictions in a Permitted Financing Facility shall be no more adverse
to the Lenders than the provisions set forth in this Agreement and in any event (x) shall not
prohibit any Subsidiary from paying dividends or making any other distribution on its stock to,
redeem or repurchase its stock from, or making any other similar payment or distribution to, the
Borrower or any Subsidiary Guarantor, and (y) shall not prohibit the Borrower or any Subsidiary
from paying any Indebtedness or other obligation owed to, making loans or advances or other
Investments in, selling, transferring or otherwise conveying any of its property to, or merge,
consolidate with or liquidating into, the Borrower or any Subsidiary Guarantor, all as established
by the Borrower to the reasonable satisfaction of the Administrative Agent and (ii) the Receivables
Purchase Documents.

     (O) Hedging Obligations. The Borrower shall not and shall not permit any of its
Subsidiaries to enter into any Hedging Arrangements other than Hedging Arrangements entered into by
the Borrower or its Subsidiaries pursuant to which the Borrower or such Subsidiary has

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hedged its or its Subsidiaries’ reasonably estimated interest rate, foreign currency or
commodity exposure and which are of a non-speculative nature.

     (P) Issuance of Disqualified Stock. From and after the Closing Date, neither the
Borrower, nor any of its Subsidiaries shall issue any Disqualified Stock. All issued and
outstanding Disqualified Stock shall be treated as Indebtedness for borrowed money for all purposes
of this Agreement, and the amount of such deemed Indebtedness shall be the aggregate amount of the
liquidation preference of such Disqualified Stock.

     (Q) Non-Guarantor Subsidiaries. Subject to the grace period set forth in
Section 7.2(K)(c)(i), the Borrower will not at any time permit the aggregate assets of all
of the Borrower’s domestic consolidated Subsidiaries (other than the SPVs) which are not Subsidiary
Guarantors to exceed ten percent (10%) of Consolidated Domestic Assets of the Borrower and its
consolidated Subsidiaries (other than the SPVs). The Borrower shall not permit any of its
Subsidiaries (including non-domestic Subsidiaries) to guaranty any Indebtedness of the Borrower for
which the Borrower is a primary obligor (other than solely as a guarantor of obligations of its
Affiliates or other third parties) other than the Indebtedness hereunder unless each such
Subsidiary is a Subsidiary Guarantor under the Subsidiary Guaranty.

     7.4 Financial Covenants. The Borrower shall comply with the following:

     (A) Maximum Leverage Ratio. The Borrower shall not permit the ratio of (i) the
sum of all Indebtedness of the Borrower and its Subsidiaries minus, solely for the purposes of the
calculation of the Covenant Leverage Ratio pursuant to this Section 7.4(A), Receivables Facility
Attributed Indebtedness to (ii) EBITDA (such ratio, the “Covenant Leverage Ratio”) at any time to
be greater than 3.50 to 1.00; provided that if, at the end of any fiscal quarter, the Covenant
Leverage Ratio is greater than 3.50 to 1.00 and the Borrower has entered into a transaction or
transactions, including, but not limited to, Permitted Acquisitions or repurchases of the
Borrower’s Capital Stock within the two most recently ended fiscal quarters (including such fiscal
quarter) (a fiscal quarter in which all such conditions are satisfied, a “Trigger Quarter”), then
the Covenant Leverage Ratio may be greater than 3.50 to 1.00 but shall not exceed 4.00 to 1.00 for
such Trigger Quarter and the next succeeding three fiscal quarters; provided that, following the
occurrence of a Trigger Quarter, no subsequent Trigger Quarter shall be deemed to have occurred or
to exist for any reason unless and until the Covenant Leverage Ratio has returned to less than or
equal to 3.50 to 1.00 as of the end of at least one fiscal quarter following the occurrence of such
initial Trigger Quarter; provided, further that, the Covenant Leverage Ratio shall return to less
than or equal to 3.50 to 1.00 no later than the fourth fiscal quarter after such initial Trigger
Quarter. The Covenant Leverage Ratio shall be calculated as of the last day of each fiscal quarter
based upon (a) for Indebtedness and Receivables Facility Attributed Indebtedness, Indebtedness and
Receivables Facility Attributed Indebtedness, as the case may be, as of the last day of each such
fiscal quarter; and (b) for EBITDA, the actual amount for the four-quarter period ending on such
day, calculated, with respect to Permitted Acquisitions, on a pro forma basis using unadjusted
historical audited and reviewed unaudited financial statements obtained from the seller (with the
EBITDA component thereof broken down by fiscal quarter in the Borrower’s reasonable judgment).

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     (B) Minimum Interest Expense Coverage Ratio. The Borrower shall maintain a ratio
(the “Interest Expense Coverage Ratio”) for any applicable period of (a) EBIT for such period to
(b) Interest Expense for such period of greater than 3.00 to 1.00 for each fiscal quarter. The
Interest Expense Coverage Ratio shall be calculated as of the last day of each fiscal quarter for
the four-quarter period ending on such day, calculated, with respect to Permitted Acquisitions, on
a pro forma basis using unadjusted historical audited and reviewed unaudited financial statements
obtained from the seller (with the EBITDA component thereof broken down by fiscal quarter in the
Borrower’s reasonable judgment).

ARTICLE VIII: DEFAULTS

     8.1 Defaults. Each of the following occurrences shall constitute a Default under
this Agreement:

     (A) Failure to Make Payments When Due. The Borrower shall (i) fail to pay when
due any of the Obligations consisting of principal with respect to the Loans or Reimbursement
Obligations with respect to Letters of Credit or (ii) shall fail to pay within five (5) Business
Days of the date when due any of the other Obligations under this Agreement or the other Loan
Documents.

     (B) Breach of Certain Covenants. The Borrower shall fail duly and punctually to
perform or observe any agreement, covenant or obligation binding on the Borrower or there shall
otherwise be a breach of any covenant under:

     (i) Sections 7.1 or 7.2 (other than Section 7.2(K)) and
such failure or breach shall continue unremedied for thirty (30) days after the earlier to
occur of (a) the date on which written notice from the Administrative Agent or any Lender is
received by the Borrower of such breach and (b) the date on which a member of the Senior
Management Team of the Borrower or any Subsidiary Guarantor had knowledge of the existence
of such breach or should have known of the existence of such breach; or

     (ii) Sections 7.2(K), 7.3 or 7.4.

     (C) Breach of Representation or Warranty. Any representation or warranty made or
deemed made by the Borrower to the Administrative Agent or any Lender herein or by the Borrower or
any of its Subsidiaries in any of the other Loan Documents or in any statement or certificate at
any time given by any such Person pursuant to any of the Loan Documents shall be false or
misleading in any material respect on the date as of which made (or deemed made).

     (D) Other Defaults. The Borrower shall default in the performance of or
compliance with any term contained in this Agreement (other than as covered by paragraphs
(A) or (B) of this Section 8.1), or the Borrower or any of its Subsidiaries
shall default in the performance of or compliance with any term contained in any of the other Loan
Documents, and such default shall continue for thirty (30) days after the earlier to occur of (a)
the date on which written notice from the Administrative Agent or any Lender is received by the
Borrower of such breach and (b) the date on which a member of the Senior Management Team of the
Borrower or any Subsidiary Guarantor had knowledge of the existence of such breach or should have
known of the existence of such breach.

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     (E) Default as to Other Indebtedness. The Borrower or any of its Subsidiaries
shall fail to make any payment when due (whether by scheduled maturity, required prepayment,
acceleration, demand or otherwise), beyond any period of grace provided, with respect to any
Indebtedness (other than Indebtedness hereunder) which individually or together with other such
Indebtedness as to which any such failure exists (other than hereunder) constitutes Material
Indebtedness; or any breach, default or event of default (including any “Amortization Event” or
event of like import in connection with the Receivables Purchase Facility) shall occur, or any
other condition shall exist under any instrument, agreement or indenture pertaining to any such
Material Indebtedness beyond any period of grace, if any, provided with respect thereto, if the
effect thereof is to cause an acceleration, mandatory redemption, a requirement that the Borrower
or any of its Subsidiaries offer to purchase such Material Indebtedness or other required
repurchase of such Material Indebtedness, or permit the holder(s) of such Material Indebtedness to
accelerate the maturity of any such Material Indebtedness or require a redemption or other
repurchase of such Material Indebtedness; or any such Material Indebtedness shall be otherwise
declared to be due and payable (by acceleration or otherwise) or required to be prepaid, redeemed
or otherwise repurchased by the Borrower or any of its Subsidiaries (other than by a regularly
scheduled required prepayment) prior to the stated maturity thereof.

     (F) Involuntary Bankruptcy; Appointment of Receiver, Etc.

     (i) An involuntary case shall be commenced against the Borrower or any of the
Borrower’s Material Subsidiaries and the petition shall not be dismissed, stayed, bonded or
discharged within sixty (60) days after commencement of the case; or a court having
jurisdiction in the premises shall enter a decree or order for relief in respect of the
Borrower or any of the Borrower’s Material Subsidiaries in an involuntary case, under any
applicable bankruptcy, insolvency or other similar law now or hereinafter in effect; or any
other similar relief shall be granted under any applicable federal, state, local or foreign
law.

     (ii) A decree or order of a court having jurisdiction in the premises for the
appointment of a receiver, liquidator, sequestrator, trustee, custodian or other officer
having similar powers over the Borrower or any of the Borrower’s Material Subsidiaries or
over all or a substantial part of the property of the Borrower or any of the Borrower’s
Material Subsidiaries shall be entered; or an interim receiver, trustee or other custodian
of the Borrower or any of the Borrower’s Material Subsidiaries or of all or a substantial
part of the property of the Borrower or any of the Borrower’s Material Subsidiaries shall be
appointed or a warrant of attachment, execution or similar process against any substantial
part of the property of the Borrower or any of the Borrower’s Material Subsidiaries shall be
issued and any such event shall not be stayed, dismissed, bonded or discharged within sixty
(60) days after entry, appointment or issuance.

     (G) Voluntary Bankruptcy; Appointment of Receiver, Etc. The Borrower or any of
the Borrower’s Material Subsidiaries (i) shall commence a voluntary case under any applicable
bankruptcy, insolvency or other similar law now or hereafter in effect, (ii) shall consent to the
entry of an order for relief in an involuntary case, or to the conversion of an involuntary case to
a voluntary case, under any such law, (iii) shall consent to the appointment of or taking
possession by a receiver, trustee or other custodian for all or a substantial part of its property,
(iv) shall make

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any assignment for the benefit of creditors, (v) shall take any corporate action to authorize
any of the foregoing or (vi) is generally not paying, or admits in writing its inability to pay,
its debts as they become due.

     (H) Judgments and Attachments. Any money judgment(s) (other than a money judgment
covered by insurance as to which the insurance company has not disclaimed or reserved the right to
disclaim coverage), writ or warrant of attachment, or similar process against the Borrower or any
of its Subsidiaries or any of their respective assets involving in any single case or in the
aggregate an amount in excess of $50,000,000 is or are entered and shall remain undischarged,
unvacated, unbonded or unstayed for a period of sixty (60) days or in any event later than fifteen
(15) days prior to the date of any proposed sale thereunder.

     (I) Dissolution. Any order, judgment or decree shall be entered against the
Borrower decreeing its involuntary dissolution or split up and such order shall remain undischarged
and unstayed for a period in excess of sixty (60) days; or the Borrower shall otherwise dissolve or
cease to exist except as specifically permitted by this Agreement.

     (J) Loan Documents. At any time, for any reason, any Loan Document as a whole
that materially affects the ability of the Administrative Agent, or any of the Lenders to enforce
the Obligations ceases to be in full force and effect or the Borrower or any of the Borrower’s
Subsidiaries party thereto seeks to repudiate its obligations under any Loan Document.

     (K) Termination Event. Any Termination Event occurs which the Required Lenders
believe is reasonably likely to subject either the Borrower or any of its Subsidiaries to liability
individually or in the aggregate in excess of $50,000,000.

     (L) Waiver of Minimum Funding Standard. If the plan administrator of any Plan
applies under Section 412(c) of the Code for a waiver of the minimum funding standards of Section
412(a) of the Code and the Required Lenders believe the substantial business hardship upon which
the application for the waiver is based could reasonably be expected to subject either the Borrower
or any of its Subsidiaries to liability individually or in the aggregate in excess of $50,000,000.

     (M) Change of Control. A Change of Control shall occur.

     (N) Hedging Agreements. Nonpayment by the Borrower of any material obligation
under any Hedging Agreement or the breach by the Borrower of any material term, provision or
condition contained in any such Hedging Agreement.

     (O) Environmental Matters. The Borrower or any of its Subsidiaries shall be the
subject of any proceeding or investigation pertaining to (i) the Release by the Borrower or any of
its Subsidiaries of any Contaminant into the environment, (ii) the liability of the Borrower or any
of its Subsidiaries arising from the Release by any other Person of any Contaminant into the
environment, or (iii) any violation of any Environmental, Health or Safety Requirements of Law
which by the Borrower or any of its Subsidiaries, which, in any case, has or is reasonably likely
to subject either the Borrower or its Subsidiaries to liability individually or in the aggregate in
excess of $50,000,000.

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     (P) Subsidiary Guarantor Revocation. Any Subsidiary Guarantor shall terminate or
revoke any of its obligations under the Subsidiary Guaranty or breach any of the material terms of
such Subsidiary Guaranty.

     (Q) Receivables Purchase Document Events. A “Termination Event” (as defined in
the 2000 Receivables Sale Agreement), an “Amortization Event” (as defined in the 2009 Receivables
Purchase Agreement) or any other breach or event of like import under any replacement Receivables
Purchase Documents permitted hereby (any such event, a “Receivables Facility Trigger Event”) shall
(i) occur with respect to the conduct or performance of (a) any Originator, (b) any servicer of the
Receivables (so long as such servicer is the Borrower or a Subsidiary thereof) under the
Receivables Purchase Documents, (c) any guarantor of the obligations of any Originator or servicer
under the Receivables Purchase Documents or (d) any of their respective Subsidiaries other than an
SPV and (ii) result in the termination of reinvestments of collections or proceeds of Receivables
and Related Security under any agreements evidencing Receivables Facility Attributed Indebtedness
(it being understood and agreed that the occurrence of a Receivables Facility Trigger Event
resulting solely from (x) the conduct or performance of an SPV and/or (y) the performance or
quality of the Receivables securing the obligations under the Receivables Purchase Documents, taken
together with the circumstances described in the foregoing clause (ii), shall not give rise
to a Default under this Section 8.1(Q)).

     A Default shall be deemed “continuing” until cured or until waived in writing in accordance
with Section 9.3.

ARTICLE IX: ACCELERATION, DEFAULTING LENDERS; WAIVERS, AMENDMENTS AND REMEDIES

     9.1 Termination of Revolving Loan Commitments; Acceleration. If any Default
described in Section 8.1(F), (G) or (I) occurs with respect to the
Borrower, the obligations of the Lenders to make Loans hereunder and the obligation of the Issuing
Banks to issue Letters of Credit hereunder shall automatically terminate and the Obligations shall
immediately become due and payable without any election or action on the part of the Administrative
Agent or any Lender. If any other Default occurs, the Required Lenders may terminate or suspend
the obligations of the Lenders to make Loans hereunder and the obligation of the Issuing Banks to
issue Letters of Credit hereunder, or declare the Obligations to be due and payable, or both,
whereupon the Obligations shall become immediately due and payable, without presentment, demand,
protest or notice of any kind, all of which the Borrower expressly waives. Without in any way
limiting the foregoing, after the occurrence and during the continuance of a Default, the
Administrative Agent shall be entitled to exercise its right to require cash collateral in support
of 105% of the then aggregate outstanding L/C Obligations in accordance with Section 3.11.

     9.2 Defaulting Lender. Notwithstanding any provision of this Agreement to the
contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall apply for
so long as such Lender is a Defaulting Lender:

     (A) fees shall cease to accrue on the Revolving Loan Commitment of such Defaulting Lender
pursuant to Section 2.14(C)(i);

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     (B) the Revolving Loan Commitment and Revolving Credit Obligations of such Defaulting
Lender shall not be included in determining whether the Required Lenders have taken or may take any
action hereunder (including any consent to any amendment, waiver or other modification pursuant to
Section 9.3); provided, that this clause (B) shall not apply to the vote of a
Defaulting Lender in the case of an amendment, waiver or other modification requiring the consent
of such Lender or each Lender affected thereby;

     (C) if any Swing Line Obligations or L/C Obligations exist at the time such Lender
becomes a Defaulting Lender then:

     (i) all or any part of the Swing Line Obligations and L/C Obligations of such
Defaulting Lender shall be reallocated among the non-Defaulting Lenders in accordance with
their respective Pro Rata Shares but only to the extent the sum of all non-Defaulting
Lenders’ Revolving Credit Obligations plus such Defaulting Lender’s Swing Line Obligations
and L/C Obligations does not exceed the total of all non-Defaulting Lenders’ Revolving Loan
Commitments;

     (ii) if the reallocation described in clause (i) above cannot, or can only
partially, be effected, the Borrower shall within one (1) Business Day following notice by
the Administrative Agent (x) first, prepay such Swing Line Obligations and (y)
second, cash collateralize for the benefit of each Issuing Bank only the Borrower’s
obligations corresponding to such Defaulting Lender’s L/C Obligations (after giving effect
to any partial reallocation pursuant to clause (i) above) in accordance with the procedures
set forth in Section 3.11 for so long as such L/C Obligations are outstanding;

     (iii) if the Borrower cash collateralizes any portion of such Defaulting Lender’s
L/C Obligations pursuant to clause (ii) above, the Borrower shall not be required to pay any
fees to such Defaulting Lender pursuant to Section 3.8 with respect to such
Defaulting Lender’s L/C Obligations during the period such Defaulting Lender’s L/C
Obligations are cash collateralized;

     (iv) if the L/C Obligations of the non-Defaulting Lenders are reallocated pursuant
to clause (i) above, then the fees payable to the Lenders pursuant to Section 3.8
shall be adjusted in accordance with such non-Defaulting Lenders’ Pro Rata Shares; and

     (v) if all or any portion of such Defaulting Lender’s L/C Obligations are neither
reallocated nor cash collateralized pursuant to clause (i) or (ii) above, then, without
prejudice to any rights or remedies of any Issuing Bank or any other Lender hereunder, all
facility fees that otherwise would have been payable to such Defaulting Lender (solely with
respect to the portion of such Defaulting Lender’s Commitment that was utilized by such L/C
Obligations) and letter of credit fees payable under Section 3.8 with respect to
such Defaulting Lender’s L/C Obligations shall be payable to such Issuing Bank until and to
the extent that such L/C Obligations are reallocated and/or cash collateralized; and

     (D) so long as such Lender is a Defaulting Lender, the Swing Line Bank shall not be
required to fund any Swing Line Loan and no Issuing Bank shall be required to issue, amend or

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increase any Letter of Credit, unless it is satisfied that the related exposure and the Defaulting
Lender’s then outstanding L/C Obligations will be 100% covered by the Revolving Loan
Commitments of the non-Defaulting Lenders and/or cash collateral will be provided by the Borrower
in accordance with Section 9.2(C), and participating interests in any such newly made Swing
Line Loan or any newly issued or increased Letter of Credit shall be allocated among non-Defaulting
Lenders in a manner consistent with Section 9.2(C)(i) (and such Defaulting Lender shall not
participate therein).

     If (i) a Bankruptcy Event with respect to a Parent of any Lender shall occur following the
date hereof and for so long as such event shall continue or (ii) the Swing Line Bank or any Issuing
Bank has a good faith belief that any Lender has defaulted in fulfilling its obligations under one
or more other agreements in which such Lender commits to extend credit, the Swing Line Bank shall
not be required to fund any Swing Line Loan and such Issuing Bank shall not be required to issue,
amend or increase any Letter of Credit, unless the Swing Line Bank or such Issuing Bank, as the
case may be, shall have entered into arrangements with the Borrower or such Lender, satisfactory to
the Swing Line Bank or such Issuing Bank, as the case may be, to defease any risk to it in respect
of such Lender hereunder.

     In the event that the Administrative Agent, the Borrower, the Swing Line Bank and the Issuing
Banks each agree that a Defaulting Lender has adequately remedied all matters that caused such
Lender to be a Defaulting Lender, then the Swing Line Obligations and L/C Obligations of the
Lenders shall be readjusted to reflect the inclusion of such Lender’s Revolving Loan Commitment and
on such date such Lender shall purchase at par such of the Loans of the other Lenders (other than
Swing Line Loans) as the Administrative Agent shall determine may be necessary in order for such
Lender to hold such Loans in accordance with its Pro Rata Share.

     9.3 Amendments.

     (A) Subject to the provisions of this Article IX, the Required Lenders (or the
Administrative Agent with the consent in writing of the Required Lenders) and the Borrower may
enter into agreements supplemental hereto for the purpose of adding or modifying any provisions to
this Agreement or changing in any manner the rights of the Lenders or the Borrower hereunder or
waiving any Default hereunder; provided, however, that no such supplemental
agreement shall, without the consent of each Lender adversely affected thereby (which shall be
deemed to include all Lenders (other than Defaulting Lenders) in the case of clauses (iii), (v),
(vi), (vii) or (viii) below):

     (i) Postpone or extend the Revolving Loan Termination Date or any other date fixed
for any payment of principal of, or interest on, the Loans, the Reimbursement Obligations or
any fees or other amounts payable to such Lender (other than any modifications of the
provisions relating to amounts, timing or application of prepayments of the Loans and other
Obligations, which modifications shall require the approval only of the Required Lenders).

     (ii) Reduce the principal amount of any Loans or L/C Obligations, or reduce the
rate or extend the time of payment of interest or fees thereon (other than (a) a waiver of
the application of the default rate of interest pursuant to Section 2.10 hereof and
(b) as

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a result of a change in the definition of Leverage Ratio or any of the components thereof
or the method of calculation thereof).

     (iii) Reduce the percentage specified in the definition of Required Lenders or any
other percentage of Lenders specified to be the applicable percentage in this Agreement to
act on specified matters (it being understood that, solely with the consent of the parties
prescribed by Section 2.5(B) to be parties to an Incremental Term Loan Amendment,
Incremental Term Loans may be included in the determination of Required Lenders on
substantially the same basis as the Revolving Loan Commitments and Revolving Loans are
included on the Closing Date).

     (iv) Increase the amount of the Revolving Loan Commitment of any Lender hereunder
without the consent of such Lender.

     (v) Permit the Borrower to assign its rights under this Agreement.

     (vi) Other than pursuant to a transaction permitted by the terms of this Agreement,
release any guarantor from its obligations under the Subsidiary Guaranty.

     (vii) Amend Section 12.1 or 12.2 in a manner that would alter the
pro rata sharing of payments required thereby.

     (viii) Amend this Section 9.3.

     (B) No amendment of any provision of this Agreement relating to (a) the Administrative
Agent shall be effective without the written consent of the Administrative Agent, (b) the Swing
Line Bank or the Swing Line Loans shall be effective without the written consent of the Swing Line
Bank and (c) any Issuing Bank shall be effective without the written consent of such Issuing Bank.
The Administrative Agent may waive payment of the fee required under Section 13.3(B)(iii)
without obtaining the consent of any of the Lenders. No amendment to Section 9.2 shall be
effective without the consent of the Administrative Agent, the Principal Issuing Bank and the Swing
Line Bank.

     (C) Notwithstanding the foregoing, (i) this Agreement may be amended or amended and
restated pursuant to an Incremental Term Loan Amendment pursuant to Section 2.5(B) with
only the consents prescribed by such Section and (ii) this Agreement may be amended (or amended and
restated) with the written consent of the Required Lenders, the Administrative Agent and the
Borrower (x) to add one or more credit facilities to this Agreement and to permit extensions of
credit from time to time outstanding thereunder and the accrued interest and fees in respect
thereof to share ratably in the benefits of this Agreement and the other Loan Documents with the
Revolving Loans and the accrued interest and fees in respect thereof and (y) to include
appropriately the Lenders holding such credit facilities in any determination of the Required
Lenders and Lenders.

     (D) If, in connection with any proposed amendment, waiver or consent requiring the
consent of “each Lender” or “each Lender directly affected thereby,” the consent of the Required
Lenders is obtained, but the consent of other necessary Lenders is not obtained (any such Lender
whose consent is necessary but not obtained being referred to herein as a “Non-Consenting

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Lender”), then the Borrower may elect to replace a Non-Consenting Lender as a Lender party to
this Agreement, provided that, concurrently with such replacement, (i) another bank or
other entity which is reasonably satisfactory to the Borrower, the Administrative Agent and
JPMorgan in its capacity as an Issuing Bank shall agree, as of such date, to purchase for cash the
Advances and other Obligations due to the Non-Consenting Lender pursuant to an assignment
substantially in the form of Exhibit D and to become a Lender for all purposes under this
Agreement and to assume all obligations of the Non-Consenting Lender to be terminated as of such
date and to comply with the requirements of Section 13.3 applicable to assignments, and
(ii) the Borrower shall pay to such Non-Consenting Lender in same day funds on the day of such
replacement (x) all interest, fees and other amounts then accrued but unpaid to such Non-Consenting
Lender by the Borrower hereunder to and including the date of termination, including without
limitation payments due to such Non-Consenting Lender under Sections 4.1, 4.2, and
4.5, and (y) an amount, if any, equal to the payment which would have been due to such
Lender on the day of such replacement under Section 4.4 had the Loans of such
Non-Consenting Lender been prepaid on such date rather than sold to the replacement Lender.

     (E) Notwithstanding anything to the contrary herein the Administrative Agent may, with the
consent of the Borrower only, amend, modify or supplement this Agreement or any of the other Loan
Documents to cure any ambiguity, omission, mistake, defect or inconsistency.

     9.4 Preservation of Rights. No delay or omission of the Lenders or the
Administrative Agent to exercise any right under the Loan Documents shall impair such right or be
construed to be a waiver of any Default or an acquiescence therein, and the making of a Loan or the
issuance of a Letter of Credit notwithstanding the existence of a Default or the inability of the
Borrower to satisfy the conditions precedent to such Loan or issuance of such Letter of Credit
shall not constitute any waiver or acquiescence. Any single or partial exercise of any such right
shall not preclude other or further exercise thereof or the exercise of any other right, and no
waiver, amendment or other variation of the terms, conditions or provisions of the Loan Documents
whatsoever shall be valid unless in writing signed by the Lenders required pursuant to Section
9.3, and then only to the extent in such writing specifically set forth. All remedies
contained in the Loan Documents or by law afforded shall be cumulative and all shall be available
to the Administrative Agent and the Lenders until all of the Obligations (other than contingent
indemnity obligations) shall have been fully and indefeasibly paid and satisfied in cash, all
financing arrangements among the Borrower and the Lenders shall have been terminated and all of the
Letters of Credit shall have expired, been canceled or terminated.

ARTICLE X: GENERAL PROVISIONS

     10.1 Survival of Representations. All representations and warranties of the
Borrower contained in this Agreement shall survive delivery of this Agreement and the making of the
Loans herein contemplated.

     10.2 Governmental Regulation. Anything contained in this Agreement to the
contrary notwithstanding, no Lender shall be obligated to extend credit to the Borrower in
violation of any limitation or prohibition provided by any applicable statute or regulation.

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     10.3 Performance of Obligations. The Borrower agrees that after the occurrence
and during the continuance of a Default, the Administrative Agent may, but shall have no obligation
to, make any payment or perform any act required of the Borrower under any Loan Document to the
extent the Administrative Agent determines that such action shall be necessary or advisable in
order to protect or preserve the rights of the Lenders and Issuing Banks hereunder. The
Administrative Agent shall use its reasonable efforts to give the Borrower notice of any action
taken under this Section 10.3 prior to the taking of such action or promptly thereafter
provided the failure to give such notice shall not affect the Borrower’s obligations in respect
thereof. The Borrower agrees to pay the Administrative Agent, upon demand, the principal amount of
all funds advanced by the Administrative Agent under this Section 10.3, together with
interest thereon at the rate from time to time applicable to Floating Rate Loans from the date of
such advance until the outstanding principal balance thereof is paid in full. If the Borrower
fails to make payment in respect of any such advance under this Section 10.3 within one (1)
Business Day after the date the Borrower receives written demand therefor from the Administrative
Agent, the Administrative Agent shall promptly notify each Lender and each Lender agrees that it
shall thereupon make available to the Administrative Agent, in Dollars in immediately available
funds, the amount equal to such Lender’s Pro Rata Share of such advance. If such funds are not
made available to the Administrative Agent by such Lender within one (1) Business Day after the
Administrative Agent’s demand therefor, the Administrative Agent will be entitled to recover any
such amount from such Lender together with interest thereon at the Federal Funds Effective Rate for
each day during the period commencing on the date of such demand and ending on the date such amount
is received. The failure of any Lender to make available to the Administrative Agent its Pro Rata
Share of any such unreimbursed advance under this Section 10.3 shall neither relieve any
other Lender of its obligation hereunder to make available to the Administrative Agent such other
Lender’s Pro Rata Share of such advance on the date such payment is to be made nor increase the
obligation of any other Lender to make such payment to the Administrative Agent. All outstanding
principal of, and interest on, advances made under this Section 10.3 shall constitute
Obligations subject to the terms of this Agreement until paid in full by the Borrower.

     10.4 Headings. Section headings in the Loan Documents are for convenience of
reference only, and shall not govern the interpretation of any of the provisions of the Loan
Documents.

     10.5 Entire Agreement. The Loan Documents embody the entire agreement and
understanding among the Borrower, the Administrative Agent and the Lenders and supersede all prior
agreements and understandings among the Borrower, the Administrative Agent and the Lenders relating
to the subject matter thereof other than the terms of any prior agreements or understandings which
are expressly stated to survive the execution and delivery of this Agreement.

     10.6 Several Obligations; Benefits of this Agreement. The respective obligations
of the Lenders hereunder are several and not joint and no Lender shall be the partner or agent of
any other Lender (except to the extent to which the Administrative Agent is authorized to act as
such). The failure of any Lender to perform any of its obligations hereunder shall not relieve any
other Lender from any of its obligations hereunder. This Agreement shall not be construed so as

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to confer any right or benefit upon any Person other than the parties to this Agreement and
their respective successors and assigns.

     10.7 Expenses; Indemnification.

     (A) Expenses. The Borrower shall reimburse the Administrative Agent and the
Arrangers for any reasonable costs, internal charges and out-of-pocket expenses (including
reasonable attorneys’ and paralegals’ fees and time charges of attorneys and paralegals for the
Administrative Agent and the Arrangers, which attorneys and paralegals may be employees of the
Administrative Agent or the Arrangers) paid or incurred by the Administrative Agent or the
Arrangers in connection with the preparation, negotiation, execution, delivery, syndication,
distribution (including, without limitation, via the internet or through a service such as
IntraLinks) review, amendment modification and, after the occurrence and during the continuance of
a Default or an Unmatured Default, administration of the Loan Documents. The Borrower also agrees
to reimburse the Administrative Agent and the Arrangers and the Lenders for any reasonable costs
and out-of-pocket expenses (including reasonable attorneys’ and paralegals’ fees and time charges
of attorneys and paralegals for the Administrative Agent ad the Arrangers and the Lenders, which
attorneys and paralegals may be employees of the Administrative Agent or the Arrangers or the
Lenders) paid or incurred by the Administrative Agent or the Arrangers or any Lender in connection
with the collection of the Obligations and enforcement of the Loan Documents; provided,
that after the occurrence and during the continuance of a Default, the Borrower agrees to reimburse
the Administrative Agent, the Arrangers and the Lenders for all such costs and out-of-pocket
expenses, whether or not reasonable.

     (B) Indemnity. The Borrower further agrees to defend, protect, indemnify, and
hold harmless the Administrative Agent, each Arranger, each Co-Syndication Agent and each and all
of the Lenders and each of their respective Affiliates, and each of such Administrative Agent’s,
Co-Syndication Agent’s, Arranger’s, Lender’s, or Affiliate’s respective officers, directors,
trustees, investment advisors, employees, attorneys and agents (including, without limitation,
those retained in connection with the satisfaction or attempted satisfaction of any of the
conditions set forth in Article V) (collectively, the “Indemnitees”) from and against any
and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, claims,
costs, expenses of any kind or nature whatsoever (including, without limitation, the fees and
disbursements of counsel for such Indemnitees in connection with any investigative, administrative
or judicial proceeding, whether or not such Indemnitees shall be designated a party thereto),
imposed on, incurred by, or asserted against such Indemnitees in any manner relating to or arising
out of:

     (i) this Agreement, the other Loan Documents, or any act, event or transaction
related or attendant thereto, the making of the Loans, and the issuance of and participation
in Letters of Credit hereunder, the management of such Loans or Letters of Credit, the use
or intended use of the proceeds of the Loans or Letters of Credit hereunder, or any of the
other transactions contemplated by the Loan Documents; or

     (ii) any liabilities, obligations, responsibilities, losses, damages, personal
injury, death, punitive damages, economic damages, consequential damages, treble

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damages, intentional, willful or wanton injury, damage or threat to the environment,
natural resources or public health or welfare, costs and expenses (including, without
limitation, attorney, expert and consulting fees and costs of investigation, feasibility or
remedial action studies), fines, penalties and monetary sanctions, interest, direct or
indirect, known or unknown, absolute or contingent, past, present or future relating to
violation of any Environmental, Health or Safety Requirements of Law arising from or in
connection with the past, present or future operations of the Borrower, its Subsidiaries or
any of their respective predecessors in interest, or, the past, present or future
environmental, health or safety condition of any respective property of the Borrower or its
Subsidiaries, the presence of asbestos-containing materials at any respective property of
the Borrower or its Subsidiaries or the Release or threatened Release of any Contaminant
into the environment (collectively, the “Indemnified Matters”);

provided, however, the Borrower shall have no obligation to an Indemnitee hereunder
with respect to Indemnified Matters caused by or resulting from the willful misconduct or gross
negligence of such Indemnitee with respect to the Loan Documents, as determined by the final
non-appealed judgment of a court of competent jurisdiction. If the undertaking to indemnify, pay
and hold harmless set forth in the preceding sentence may be unenforceable because it is violative
of any law or public policy, the Borrower shall contribute the maximum portion which it is
permitted to pay and satisfy under applicable law, to the payment and satisfaction of all
Indemnified Matters incurred by the Indemnitees.

     Each Indemnitee, with respect to any action against it in respect of which indemnity may be
sought under this Section, shall give written notice of the commencement of such action to the
Borrower within a reasonable time after such Indemnitee is made a party to such action. Upon
receipt of any such notice by the Borrower, unless such Indemnitee shall be advised by its counsel
that there are or may be legal defenses available to such Indemnitee that are different from, in
addition to, or in conflict with, the defenses available to the Borrower or any of its
Subsidiaries, the Borrower may participate with the Indemnitee in the defense of such Indemnified
Matter, including the employment of counsel consented to by such Indemnitee (which consent shall
not be unreasonably withheld); provided, however, nothing provided herein shall
entitle (a) the Borrower or any of its Subsidiaries to assume the defense of such Indemnified
Matter or (b) any Indemnitee to effect any settlement in respect of any indemnified matter without
the Borrower’s consent, such consent not to be unreasonably withheld or delayed.

     (C) Waiver of Certain Claims; Settlement of Claims. The Borrower further agrees
to assert no claim against any of the Indemnitees on any theory of liability seeking consequential,
special, indirect, exemplary or punitive damages. No settlement of any claim asserted against or
likely to be asserted against an Indemnitee shall be entered into by the Borrower or any if its
Subsidiaries with respect to any claim, litigation, arbitration or other proceeding relating to or
arising out of the transactions evidenced by this Agreement or the other Loan Documents (whether or
not the Administrative Agent or any Lender or any other Indemnitee is a party thereto) unless such
settlement releases such Indemnitee from any and all liability with respect thereto.

     (D) Survival of Agreements. The obligations and agreements of the Borrower under
this Section 10.7 shall survive the termination of this Agreement.

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     10.8 Numbers of Documents. All statements, notices, closing documents, and
requests hereunder shall be furnished to the Administrative Agent with sufficient counterparts so
that the Administrative Agent may furnish one to each of the Lenders.

     10.9 Accounting. Except as provided to the contrary herein, all accounting terms
used herein shall be interpreted and all accounting determinations hereunder shall be made in
accordance with Agreement Accounting Principles. If any changes in generally accepted accounting
principles are hereafter required or permitted and are adopted by the Borrower or any of its
Subsidiaries with the agreement of its independent certified public accountants and such changes
result in a change in the method of calculation of any of the financial covenants, tests,
restrictions or standards herein or in the related definitions or terms used therein (“Accounting
Changes”), the parties hereto agree, at the Borrower’s request, to enter into negotiations, in good
faith, in order to amend such provisions in a credit neutral manner so as to reflect equitably such
changes with the desired result that the criteria for evaluating the Borrower’s and its
Subsidiaries’ financial condition shall be the same after such changes as if such changes had not
been made; provided, however, until such provisions are amended in a manner
reasonably satisfactory to the Administrative Agent and the Required Lenders, no Accounting Change
shall be given effect in such calculations and all financial statements and reports required to be
delivered hereunder shall be prepared in accordance with Agreement Accounting Principles without
taking into account such Accounting Changes. In the event such amendment is entered into, all
references in this Agreement to Agreement Accounting Principles shall mean generally accepted
accounting principles as of the date of such amendment. Notwithstanding any other provision
contained herein, all terms of an accounting or financial nature used herein shall be construed,
and all computations of amounts and ratios referred to herein shall be made (i) without giving
effect to any election under Accounting Standards Codification 825-10-25 (or any other Accounting
Standards Codification or Financial Accounting Standard having a similar result or effect) to value
any Indebtedness or other liabilities of the Borrower or any Subsidiary at “fair value”, as defined
therein and (ii) without giving effect to any treatment of Indebtedness in respect of convertible
debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards
Codification or Financial Accounting Standard having a similar result or effect) to value any such
Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at
all times be valued at the full stated principal amount thereof.

     10.10 Severability of Provisions. Any provision in any Loan Document that is held
to be inoperative, unenforceable, or invalid in any jurisdiction shall, as to that jurisdiction, be
inoperative, unenforceable, or invalid without affecting the remaining provisions in that
jurisdiction or the operation, enforceability, or validity of that provision in any other
jurisdiction, and to this end the provisions of all Loan Documents are declared to be severable.

     10.11 Nonliability of Lenders. The relationship between the Borrower and the
Lenders and the Administrative Agent shall be solely that of borrower and lender. Neither the
Administrative Agent nor any Lender shall have any fiduciary responsibilities to the Borrower.
Neither the Administrative Agent nor any Lender undertakes any responsibility to the Borrower to
review or inform the Borrower of any matter in connection with any phase of the Borrower’s business
or operations.

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     10.12 GOVERNING LAW. THE ADMINISTRATIVE AGENT ACCEPTS THIS AGREEMENT, ON BEHALF
OF ITSELF AND THE LENDERS, AT NEW YORK, NEW YORK BY ACKNOWLEDGING AND AGREEING TO IT THERE. ANY
DISPUTE BETWEEN THE BORROWER AND THE ADMINISTRATIVE AGENT, ANY LENDER OR ANY OTHER HOLDER OF
OBLIGATIONS ARISING OUT OF, CONNECTED WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP
ESTABLISHED BETWEEN THEM IN CONNECTION WITH, THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS, AND
WHETHER ARISING IN CONTRACT, TORT, EQUITY, OR OTHERWISE, SHALL BE GOVERNED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.

     10.13 CONSENT TO JURISDICTION; JURY TRIAL.

     (A) EXCLUSIVE JURISDICTION. EXCEPT AS PROVIDED IN SUBSECTION (B), EACH OF
THE PARTIES HERETO AGREES THAT ALL DISPUTES AMONG THEM ARISING OUT OF, CONNECTED WITH, RELATED TO,
OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH, THIS AGREEMENT OR ANY
OF THE OTHER LOAN DOCUMENTS WHETHER ARISING IN CONTRACT, TORT, EQUITY, OR OTHERWISE, SHALL BE
RESOLVED EXCLUSIVELY BY STATE OR FEDERAL COURTS LOCATED IN NEW YORK, NEW YORK, BUT THE PARTIES
HERETO ACKNOWLEDGE THAT ANY APPEALS FROM THOSE COURTS MAY HAVE TO BE HEARD BY A COURT LOCATED
OUTSIDE OF NEW YORK, NEW YORK. EACH OF THE PARTIES HERETO WAIVES IN ALL DISPUTES BROUGHT PURSUANT
TO THIS SUBSECTION (A) ANY OBJECTION THAT IT MAY HAVE TO THE LOCATION OF THE COURT
CONSIDERING THE DISPUTE.

     (B) OTHER JURISDICTIONS. THE BORROWER AGREES THAT THE ADMINISTRATIVE AGENT, ANY
LENDER OR ANY OTHER HOLDER OF OBLIGATIONS SHALL HAVE THE RIGHT TO PROCEED AGAINST THE BORROWER OR
ITS PROPERTY IN A COURT IN ANY LOCATION TO ENABLE SUCH PERSON TO (1) OBTAIN PERSONAL JURISDICTION
OVER THE BORROWER OR (2) IN ORDER TO ENFORCE A JUDGMENT OR OTHER COURT ORDER ENTERED IN FAVOR OF
SUCH PERSON. THE BORROWER AGREES THAT IT WILL NOT ASSERT ANY PERMISSIVE COUNTERCLAIMS IN ANY
PROCEEDING BROUGHT BY SUCH PERSON TO REALIZE ON ANY SECURITY FOR THE OBLIGATIONS OR TO ENFORCE A
JUDGMENT OR OTHER COURT ORDER IN FAVOR OF SUCH PERSON BUT SHALL ONLY BE PERMITTED TO BRING ANY SUCH
PERMISSIVE COUNTERCLAIM IN A PROCEEDING BROUGHT PURSUANT TO CLAUSE (A). THE BORROWER
WAIVES ANY OBJECTION THAT IT MAY HAVE TO THE LOCATION OF THE COURT IN WHICH SUCH PERSON HAS
COMMENCED A PROCEEDING DESCRIBED IN THIS SUBSECTION (B).

     (C) VENUE. THE BORROWER IRREVOCABLY WAIVES ANY OBJECTION (INCLUDING, WITHOUT
LIMITATION, ANY OBJECTION OF THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON
CONVENIENS) WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY SUCH ACTION OR PROCEEDING

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WITH RESPECT TO THIS AGREEMENT OR ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR
DELIVERED IN CONNECTION HEREWITH IN ANY JURISDICTION SET FORTH ABOVE.

     (D) WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES ANY RIGHT
TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT, OR
OTHERWISE, ARISING OUT OF, CONNECTED WITH, RELATED TO OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED
AMONG THEM IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT
EXECUTED OR DELIVERED IN CONNECTION HEREWITH. EACH OF THE PARTIES HERETO AGREES AND CONSENTS THAT
ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY
AND THAT ANY PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS AGREEMENT WITH ANY
COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO
TRIAL BY JURY.

     (E) ADVICE OF COUNSEL. EACH OF THE PARTIES REPRESENTS TO EACH OTHER PARTY HERETO
THAT IT HAS DISCUSSED THIS AGREEMENT AND, SPECIFICALLY, THE PROVISIONS OF SECTION 10.7 AND
THIS SECTION 10.13, WITH ITS COUNSEL.

     10.14 Subordination of Intercompany Indebtedness. The Borrower agrees that any
and all claims of the Borrower against any of its Subsidiaries that is a Subsidiary Guarantor with
respect to any “Intercompany Indebtedness” (as hereinafter defined), any endorser, obligor or any
other guarantor of all or any part of the Obligations, or against any of its properties shall be
subordinate and subject in right of payment to the prior payment, in full and in cash, of all
Obligations, Banking Services Obligations and Hedging Obligations under Hedging Agreements;
provided that, and not in contravention of the foregoing, so long as no Default has
occurred and is continuing the Borrower may make loans to and receive payments in the ordinary
course with respect to such Intercompany Indebtedness from each such Subsidiary Guarantor to the
extent permitted by the terms of this Agreement and the other Loan Documents. Notwithstanding any
right of the Borrower to ask, demand, sue for, take or receive any payment from any Subsidiary
Guarantor, all rights, liens and security interests of the Borrower, whether now or hereafter
arising and howsoever existing, in any assets of any Subsidiary Guarantor shall be and are
subordinated to the rights of the Holders of Obligations and the Administrative Agent in those
assets. The Borrower shall have no right to possession of any such asset or to foreclose upon any
such asset, whether by judicial action or otherwise, unless and until all of the Obligations (other
than contingent indemnity obligations), the Banking Services Obligations and the Hedging
Obligations under Hedging Agreements shall have been fully paid and satisfied (in cash) and all
financing arrangements pursuant to any Loan Document, Banking Services Agreement or Hedging
Agreement among the Borrower and the Holders of Obligations (or any affiliate thereof) have been
terminated. If all or any part of the assets of any Subsidiary Guarantor, or the proceeds thereof,
are subject to any distribution, division or application to the creditors of such Subsidiary
Guarantor, whether partial or complete, voluntary or involuntary, and whether by reason of
liquidation, bankruptcy, arrangement, receivership, assignment for the benefit of

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creditors or any other action or proceeding, or if the business of any such Subsidiary
Guarantor is dissolved or if substantially all of the assets of any such Subsidiary Guarantor are
sold, then, and in any such event (such events being herein referred to as an “Insolvency Event”),
any payment or distribution of any kind or character, either in cash, securities or other property,
which shall be payable or deliverable upon or with respect to any indebtedness of any Subsidiary
Guarantor to the Borrower (“Intercompany Indebtedness”) shall be paid or delivered directly to the
Administrative Agent for application on any of the Obligations, Banking Services Obligations and
Hedging Obligations under the Hedging Agreements, due or to become due, until such Obligations,
Banking Services Obligations and Hedging Obligations (other than contingent indemnity obligations)
shall have first been fully paid and satisfied (in cash). Should any payment, distribution,
security or instrument or proceeds thereof be received by the Borrower upon or with respect to the
Intercompany Indebtedness after an Insolvency Event prior to the satisfaction of all of the
Obligations (other than contingent indemnity obligations), Banking Services Obligations and Hedging
Obligations under Hedging Agreements and the termination of all financing arrangements pursuant to
any Loan Document, Banking Services Agreement or Hedging Agreement among the Borrower and the
Holders of Obligations (and their affiliates), the Borrower shall receive and hold the same in
trust, as trustee, for the benefit of the Holders of Obligations and shall forthwith deliver the
same to the Administrative Agent, for the benefit of such Persons, in precisely the form received
(except for the endorsement or assignment of the Borrower where necessary), for application to any
of the Obligations, such Banking Services Obligations and such Hedging Obligations, due or not due,
and, until so delivered, the same shall be held in trust by the Borrower as the property of the
Holders of Obligations. If the Borrower fails to make any such endorsement or assignment to the
Administrative Agent, the Administrative Agent or any of its officers or employees are irrevocably
authorized to make the same. The Borrower agrees that until the Obligations (other than the
contingent indemnity obligations), such Banking Services Obligations and such Hedging Obligations
have been paid in full (in cash) and satisfied and all financing arrangements pursuant to any Loan
Document, Banking Services Agreement or Hedging Agreement among the Borrower and the Holders of
Obligations (and their affiliates) have been terminated, the Borrower will not assign or transfer
to any Person (other than the Administrative Agent) any claim the Borrower has or may have against
any Subsidiary Guarantor.

ARTICLE XI: THE ADMINISTRATIVE AGENT

     11.1 Appointment and Authorization. Each of the Lenders and each Issuing Bank
hereby irrevocably appoints the Administrative Agent as its agent and authorizes the Administrative
Agent to take such actions on its behalf and to exercise such powers as are delegated to the
Administrative Agent by the terms hereof, together with such actions and powers as are reasonably
incidental thereto.

     11.2 Administrative Agent and Affiliates. The bank serving as the Administrative
Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other
Lender and may exercise the same as though it were not the Administrative Agent, and such bank and
its Affiliates may accept deposits from, lend money to and generally engage in any kind of business
with the Borrower or any Subsidiary or other Affiliate thereof as if it were not the Administrative
Agent hereunder.

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     11.3 Action by Administrative Agent and Liability of Administrative Agent. The
Administrative Agent shall not have any duties or obligations except those expressly set forth
herein. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not
be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred
and is continuing, (b) the Administrative Agent shall not have any duty to take any discretionary
action or exercise any discretionary powers, except discretionary rights and powers expressly
contemplated hereby that the Administrative Agent is required to exercise in writing as directed by
the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under
the circumstances as provided in Section 9.3), and (c) except as expressly set forth
herein, the Administrative Agent shall not have any duty to disclose, and shall not be liable for
the failure to disclose, any information relating to the Borrower or any of its Subsidiaries that
is communicated to or obtained by the bank serving as Administrative Agent or any of its Affiliates
in any capacity. The Administrative Agent shall not be liable for any action taken or not taken by
it with the consent or at the request of the Required Lenders (or such other number or percentage
of the Lenders as shall be necessary under the circumstances as provided in Section 9.3) or
in the absence of its own gross negligence or willful misconduct. The Administrative Agent shall
be deemed not to have knowledge of any Default unless and until written notice thereof is given to
the Administrative Agent by the Borrower or a Lender, and the Administrative Agent shall not be
responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or
representation made in or in connection with this Agreement, (ii) the contents of any certificate,
report or other document delivered hereunder or in connection herewith, (iii) the performance or
observance of any of the covenants, agreements or other terms or conditions set forth herein, (iv)
the validity, enforceability, effectiveness or genuineness of this Agreement or any other
agreement, instrument or document, or (v) the satisfaction of any condition set forth in Article V
or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to
the Administrative Agent.

     11.4 Reliance on Documents and Counsel. The Administrative Agent shall be
entitled to rely upon, and shall not incur any liability for relying upon, any notice, request,
certificate, consent, statement, instrument, document or other writing believed by it to be genuine
and to have been signed or sent by the proper Person. The Administrative Agent also may rely upon
any statement made to it orally or by telephone and believed by it to be made by the proper Person,
and shall not incur any liability for relying thereon. The Administrative Agent may consult with
legal counsel (who may be counsel for the Borrower), independent accountants and other experts
selected by it, and shall not be liable for any action taken or not taken by it in accordance with
the advice of any such counsel, accountants or experts.

     11.5 Employment of Agents. The Administrative Agent may perform any and all its
duties and exercise its rights and powers by or through any one or more sub-agents appointed by the
Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all its
duties and exercise its rights and powers through their respective Related Parties. The
exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to the
Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their
respective activities in connection with the syndication of the credit facilities provided for
herein as well as activities as Administrative Agent.

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     11.6 Indemnification. To the extent that the Borrower fails to pay any amount
required to be paid by it to the Administrative Agent, the Arrangers, any Issuing Bank or the Swing
Line Bank under any of the Loan Documents, including under Section 10.7(A) or (B)
of this Agreement but without affecting the Borrower’s obligations with respect thereto, each
Lender severally agrees to pay to the Administrative Agent or the Arrangers, as the case may be,
ratably in accordance with such Lender’s Pro Rata Share (determined as of the time that the
applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount;
provided, that the unreimbursed expense or indemnified loss, claim, damage, liability or
related expense, as the case may be, was incurred by or asserted against the Administrative Agent,
the Arrangers, any Issuing Bank or the Swing Line Bank, in their respective capacity as such.

     11.7 Successor Agent. Subject to the appointment and acceptance of a successor
Administrative Agent as provided in this paragraph, the Administrative Agent may resign at any time
by notifying the Lenders, each Issuing Bank and the Borrower. Upon any such resignation, the
Required Lenders shall have the right, in consultation with the Borrower, to appoint a successor.
If no successor shall have been so appointed by the Required Lenders and shall have accepted such
appointment within thirty (30) days after the retiring Administrative Agent gives notice of its
resignation, then the retiring Administrative Agent may, on behalf of the Lenders and the Issuing
Bank, appoint a successor Administrative Agent which shall be a bank with an office in New York,
New York, or an Affiliate of any such bank. Upon the acceptance of its appointment as
Administrative Agent hereunder by a successor, such successor shall succeed to and become vested
with all the rights, powers, privileges and duties of the retiring Administrative Agent, and the
retiring Administrative Agent shall be discharged from its duties and obligations hereunder. The
fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable
to its predecessor unless otherwise agreed between the Borrower and such successor. After the
Administrative Agent’s resignation hereunder, the provisions of this Article and Section
10.7 shall continue in effect for the benefit of such retiring Administrative Agent, its
sub-agents and their respective Related Parties in respect of any actions taken or omitted to be
taken by any of them while it was acting as Administrative Agent.

     11.8 Credit Decision. Each Lender acknowledges that it has, independently and
without reliance upon the Administrative Agent or any other Lender and based on such documents and
information as it has deemed appropriate, made its own credit analysis and decision to enter into
this Agreement. Each Lender also acknowledges that it will, independently and without reliance
upon the Administrative Agent or any other Lender and based on such documents and information as it
shall from time to time deem appropriate, continue to make its own decisions in taking or not
taking action under or based upon this Agreement, any related agreement or any document furnished
hereunder or thereunder.

     11.9 Administrative Agent, Arrangers, Co-Syndication Agents, Co-Documentation
Agents. None of the Persons identified on the cover page to this Agreement, the signature
pages to this Agreement or otherwise in this Agreement as a “Co-Syndication Agent,”
“Co-Documentation Agent” or “Arranger” shall have any right, power, obligation, liability,
responsibility or duty under this Agreement other than if such Person is a Lender, those applicable
to all Lenders as such. Without limiting the foregoing, none of the Persons identified on the
cover page to this Agreement, the signature pages to this Agreement or otherwise in this Agreement
as a “Co-Syndication Agent,” “Co-Documentation Agent” or “Arranger” shall have

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or be deemed to have any fiduciary duty to or fiduciary relationship with any Lender. In
addition to the agreement set forth in Section 11.8, each of the Lenders acknowledges that
it has not relied, and will not rely, on any of the Persons so identified in deciding to enter into
this Agreement or in taking or not taking action hereunder.

ARTICLE XII: SETOFF; RATABLE PAYMENTS

     12.1 Setoff. In addition to, and without limitation of, any rights of the Lenders
under applicable law, if any Default occurs and is continuing, any indebtedness from any Lender to
the Borrower (including all account balances, whether provisional or final and whether or not
collected or available) may be offset and applied toward the payment of the Obligations owing to
such Lender, whether or not the Obligations, or any part hereof, shall then be due.

     12.2 Ratable Payments. If any Lender, whether by setoff or otherwise, has payment
made to it upon its respective Loans (other than payments received pursuant to Sections
4.1, 4.2 or 4.4 or as otherwise provided herein) in a greater proportion than
that received by any other Lender, such Lender agrees, promptly upon demand, to purchase a portion
of the Loans held by the other Lenders so that after such purchase each Lender will hold its
ratable proportion of the applicable Loans. If any Lender, whether in connection with setoff or
amounts which might be subject to setoff or otherwise, receives collateral or other protection for
its Obligation or such amounts which may be subject to setoff, such Lender agrees, promptly upon
demand, to take such action necessary such that all Lenders share in the benefits of such
collateral ratably in proportion to the obligations owing to them. In case any such payment is
disturbed by legal process, or otherwise, appropriate further adjustments shall be made.

     12.3 Application of Payments. Subject to the provisions of Section 9.2,
the Administrative Agent shall, unless otherwise specified at the direction of the Required Lenders
which direction shall be consistent with the last sentence of this Section 12.3, apply all
payments and prepayments in respect of any Obligations received after the occurrence and during the
continuance of a Default or Unmatured Default in the following order:

     (A) first, to pay interest on and then principal of any portion of the Loans which
the Administrative Agent may have advanced on behalf of any Lender for which the Administrative
Agent has not then been reimbursed by such Lender or the Borrower;

     (B) second, to pay interest on and then principal of any advance made under
Section 10.3 for which the Administrative Agent has not then been paid by the Borrower or
reimbursed by the Lenders;

     (C) third, to pay Obligations in respect of any fees, expenses, reimbursements or
indemnities then due to the Administrative Agent;

     (D) fourth, to pay Obligations in respect of any fees, expenses, reimbursements or
indemnities then due to the Lenders and the issuer(s) of Letters of Credit;

     (E) fifth, to pay interest due in respect of Swing Line Loans;

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     (F) sixth, to pay interest due in respect of Loans (other than Swing Line Loans)
and L/C Obligations;

     (G) seventh, to the ratable payment or prepayment of principal outstanding on Swing
Line Loans;

     (H) eighth, to the ratable payment or prepayment of principal outstanding on Loans
(other than Swing Line Loans), Reimbursement Obligations, Banking Services Obligations and Hedging
Obligations under Hedging Agreements;

     (I) ninth, to provide required cash collateral, if required pursuant to Section
3.11; and

     (J) tenth, to the ratable payment of all other Obligations.

Unless otherwise designated (which designation shall only be applicable prior to the occurrence of
a Default) by the Borrower, all principal payments in respect of Loans (other than Swing Line
Loans) shall be applied to the outstanding Revolving Loans first, to repay outstanding Floating
Rate Loans, and then to repay outstanding Eurodollar Rate Loans with those Eurodollar Rate
Loans which have earlier expiring Interest Periods being repaid prior to those which have later
expiring Interest Periods. The order of priority set forth in this Section 12.3 and the
related provisions of this Agreement are set forth solely to determine the rights and priorities of
the Administrative Agent, the Lenders, the Swing Line Bank and the issuer(s) of Letters of Credit
as among themselves. The order of priority set forth in clauses (D) through (J) of
this Section 12.3 may at any time and from time to time be changed by the Required Lenders
without necessity of notice to or consent of or approval by the Borrower, or any other Person;
provided, that the order of priority of payments in respect of Swing Line Loans may be
changed only with the prior written consent of the Swing Line Bank. The order of priority set
forth in clauses (A) through (C) of this Section 12.3 may be changed only
with the prior written consent of the Administrative Agent.

     12.4 Relations Among Lenders.

     (A) Except with respect to the exercise of set-off rights of any Lender in accordance with
Section 12.1, the proceeds of which are applied in accordance with this Agreement, and
except as set forth in the following sentence, each Lender agrees that it will not take any action,
nor institute any actions or proceedings, against the Borrower or any other obligor hereunder or
with respect to any Loan Document, without the prior written consent of the Required Lenders or, as
may be provided in this Agreement or the other Loan Documents, at the direction of the
Administrative Agent.

     (B) The Lenders are not partners or co-venturers, and no Lender shall be liable for the acts
or omissions of, or (except as otherwise set forth herein in case of the Administrative Agent)
authorized to act for, any other Lender. The Administrative Agent shall have the exclusive right
on behalf of the Lenders, at the direction of the Required Lenders, to enforce on the payment of
the principal of and interest on any Loan after the date such principal or interest has become due
and payable pursuant to the terms of this Agreement.

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     12.5 Representations and Covenants Among Lenders. Each Lender represents and
covenants for the benefit of all other Lenders and the Administrative Agent that such Lender is not
satisfying and shall not satisfy any of its obligations pursuant to this Agreement with any assets
considered for any purposes of ERISA or Section 4975 of the Code to be assets of or on behalf of
any “plan” as defined in section 3(3) of ERISA or section 4975 of the Code, regardless of whether
subject to ERISA or Section 4975 of the Code.

ARTICLE XIII: BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS

     13.1 Successors and Assigns. The provisions of this Agreement shall be binding upon
and inure to the benefit of the parties hereto and their respective successors and assigns
permitted hereby (including any Affiliate of any Issuing Bank that issues any Letter of Credit),
except that (i) the Borrower may not assign or otherwise transfer any of its rights or obligations
hereunder without the prior written consent of each Lender (and any attempted assignment or
transfer by the Borrower without such consent shall be null and void) and (ii) no Lender may assign
or otherwise transfer its rights or obligations hereunder except in accordance with this
Article XIII. Nothing in this Agreement, expressed or implied, shall be construed to
confer upon any Person (other than the parties hereto, their respective successors and assigns
permitted hereby (including any Affiliate of any Issuing Bank that issues any Letter of Credit),
Participants (to the extent provided in Section 13.2) and, to the extent expressly
contemplated hereby, the Related Parties of each of the Administrative Agent, each Issuing Bank and
the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.
The Administrative Agent may treat the Person which made any Loan or which holds any note as the
owner thereof for all purposes hereof unless and until such Person complies with Section
13.3; provided, however, that the Administrative Agent may in its discretion
(but shall not be required to) follow instructions from the Person which made any Loan or which
holds any note to direct payments relating to such Loan or note to another Person. Any assignee of
the rights to any Loan or any note agrees by acceptance of such assignment to be bound by all the
terms and provisions of the Loan Documents. Any request, authority or consent of any Person, who
at the time of making such request or giving such authority or consent is the owner of the rights
to any Loan (whether or not a note has been issued in evidence thereof), shall be conclusive and
binding on any subsequent holder or assignee of the rights to such Loan.

     13.2 Participations.

     (A) Permitted Participants; Effect. Any Lender may, without the consent of the
Borrower, the Administrative Agent, the Issuing Banks or the Swing Line Bank, sell participations
to one or more banks or other entities (a “Participant”) in all or a portion of such
Lender’s rights and obligations under this Agreement (including all or a portion of its Revolving
Loan Commitment and the Loans owing to it); provided that (i) such Lender’s obligations under this
Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other
parties hereto for the performance of such obligations and (iii) the Borrower, the Administrative
Agent, the Issuing Banks and the other Lenders shall continue to deal solely and directly with such
Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement
or instrument pursuant to which a Lender sells such a participation shall provide that such Lender
shall retain the sole right to enforce this Agreement and to approve any amendment, modification or
waiver of any provision of this Agreement; provided

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that such agreement or instrument may provide that such Lender will not, without the consent
of the Participant, agree to any amendment, modification or waiver described in the proviso to
Section 9.3 that adversely affects such Participant. Subject to paragraph (B) of this
Section, the Borrower agrees that each Participant shall be entitled to the benefits of
Sections 4.1, 4.2, 4.3, 4.4 and 4.5 to the same extent as
if it were a Lender and had acquired its interest by assignment pursuant to Section 13.3.
To the extent permitted by law, each Participant also shall be entitled to the benefits of
Section 12.1 as though it were a Lender, provided such Participant agrees to be subject to
Section 12.2 as though it were a Lender.

     (B) Limitation of Participant Rights. A Participant shall not be entitled to receive
any greater payment under Sections 4.1, 4.2 or 4.5 than the applicable
Lender would have been entitled to receive with respect to the participation sold to such
Participant, unless the sale of the participation to such Participant is made with the Borrower’s
prior written consent. A Participant that would be a Non-U.S. Lender if it were a Lender shall not
be entitled to the benefits of Section 4.5 unless the Borrower is notified of the
participation sold to such Participant and such Participant agrees, for the benefit of the
Borrower, to comply with Section 4.5 as though it were a Lender (it being understood that
the documentation required under Section 4.5 shall be delivered to the participating
Lender). Each Lender that sells a participation shall, acting solely for this purpose as an agent
of the Borrower, maintain a register on which it enters the name and address of each Participant
and the principal amounts (and stated interest) of each Participant’s interest in the obligations
under this Agreement (the “Participant Register”); provided that no Lender shall have any
obligation to disclose all or any portion of the Participant Register to any Person (including the
identity of any Participant or any information relating to a Participant’s interest in the
obligations under this Agreement) except to the extent that such disclosure is necessary to
establish that such interest is in registered form under Section 5f.103-1(c) of the United States
Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest
error, and such Lender shall treat each person whose name is recorded in the Participant Register
as the owner of such participation for all purposes of this Agreement notwithstanding any notice to
the contrary.

     13.3 Assignments.

     (A) Consents. Subject to the conditions set forth in paragraph (B) below, any Lender
may assign to one or more assignees (“Purchasers”) all or a portion of its rights and obligations
under this Agreement (including all or a portion of its Revolving Loan Commitment and the Loans at
the time owing to it) with the prior written consent (such consent not to be unreasonably withheld)
of: (i) the Borrower (provided that the Borrower shall be deemed to have consented to any such
assignment unless it shall object thereto by written notice to the Administrative Agent within five
(5) Business Days after having received notice thereof); provided that no consent of the
Borrower shall be required for an assignment to a Purchaser that is a Lender, an Affiliate of a
Lender or an Approved Fund or, if a Default has occurred and is continuing, any other assignee;
(ii) the Administrative Agent; (iii) the Swing Line Bank and (iv) JPMorgan in its capacity as the
Principal Issuing Bank.

     (B) Conditions. Assignments shall be subject to the following additional conditions:

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     (i) except in the case of an assignment to a Lender, an Affiliate of a Lender or an
Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s
Revolving Loan Commitment or Loans, the amount of the Revolving Loan Commitment or Loans of
the assigning Lender subject to each such assignment (determined as of the date the
Assignment and Assumption with respect to such assignment is delivered to the Administrative
Agent) shall not be less than $5,000,000 unless each of the Borrower and the Administrative
Agent otherwise consent; provided that no such consent of the Borrower shall be
required if a Default has occurred and is continuing;

     (ii) each partial assignment shall be made as an assignment of a proportionate part of
all the assigning Lender’s rights and obligations under this Agreement, provided that this
clause shall not be construed to prohibit the assignment of a proportionate part of all the
assigning Lender’s rights and obligations in respect of its Revolving Loan Commitments or
Loans;

     (iii) the parties to each assignment shall execute and deliver to the Administrative
Agent an Assignment and Assumption, together with a processing and recordation fee of
$3,500; and

     (iv) the assignee, if it shall not be a Lender, shall deliver to the Administrative
Agent an Administrative Questionnaire in which the assignee designates one or more credit
contacts to whom all syndicate-level information (which may contain material non-public
information about the Borrower and its affiliates, the Subsidiary Guarantors and their
related parties or their respective securities) will be made available and who may receive
such information in accordance with the assignee’s compliance procedures and applicable
laws, including Federal and state securities laws.

     (C) Effect; Effective Date. Subject to acceptance and recording thereof pursuant to
paragraph (D) of this Section, from and after the effective date specified in each Assignment and
Assumption the assignee thereunder shall be a party hereto and, to the extent of the interest
assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this
Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by
such Assignment and Assumption, be released from its obligations under this Agreement (and, in the
case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations
under this Agreement, such Lender shall cease to be a party hereto but shall continue to be
entitled to the benefits of Sections 4.1, 4.2, 4.3, 4.4,
4.5 and 10.7). Any assignment or transfer by a Lender of rights or obligations
under this Agreement that does not comply with this Section 13.3 shall be treated for
purposes of this Agreement as a sale by such Lender of a participation in such rights and
obligations in accordance with Section 13.2.

     (D) The Register. The Administrative Agent, acting for this purpose as an agent of
the Borrower, shall maintain at one of its offices a copy of each Assignment and Assumption
delivered to it and a register for the recordation of the names and addresses of the Lenders, and
the Revolving Loan Commitment of, and principal amount of the Loans and LC Drafts owing to, each
Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the
Register shall be conclusive, and the Borrower, the Administrative Agent, the Issuing Banks and

93

 

the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms
hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the
contrary. The Register shall be available for inspection by the Borrower, the Issuing Banks and
any Lender, at any reasonable time and from time to time upon reasonable prior notice.

     (E) Recording. Upon its receipt of a duly completed Assignment and Assumption
executed by an assigning Lender and an assignee, the assignee’s completed Administrative
Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and
recordation fee referred to in this Section 13.3 and any written consent to such assignment
required by this Section 13.3, the Administrative Agent shall accept such Assignment and
Assumption and record the information contained therein in the Register; provided that if
either the assigning Lender or the assignee shall have failed to make any payment required to be
made by it pursuant to Sections 2.2(D), 2.17, 3.6, 3.7 or
11.6, the Administrative Agent shall have no obligation to accept such Assignment and
Assumption and record the information therein in the Register unless and until such payment shall
have been made in full, together with all accrued interest thereon. No assignment shall be
effective for purposes of this Agreement unless it has been recorded in the Register as provided in
this paragraph.

     (F) Pledge to a Federal Reserve Bank. Any Lender may at any time pledge or assign a
security interest in all or any portion of its rights under this Agreement to secure obligations of
such Lender, including without limitation any pledge or assignment to secure obligations to a
Federal Reserve Bank, and this Section shall not apply to any such pledge or assignment of a
security interest; provided that no such pledge or assignment of a security interest shall release
a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such
Lender as a party hereto.

     13.4 Confidentiality. The Administrative Agent and each Lender agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed (a)
to its and its Affiliates’ directors, officers, employees and agents, including accountants, legal
counsel and other advisors (it being understood that the Persons to whom such disclosure is made
will be informed of the confidential nature of such Information and instructed to keep such
Information confidential), (b) to the extent requested by any regulatory authority, (c) to the
extent required by Requirement of Law or by any subpoena or similar legal process, (d) to any other
party to this Agreement, (e) in connection with the exercise of any remedies hereunder or any suit,
action or proceeding relating to this Agreement or any other Loan Document or the enforcement of
rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the
same as those of this Section, to (i) any assignee of or Participant in, or any prospective
assignee of or Participant in, any of its rights or obligations under this Agreement or (ii) any
rating agency, insurer or insurance broker or actual or prospective counterparty (or its advisors)
to any swap or derivative transaction relating to the Borrower, its Subsidiaries and their
obligations, (g) with the consent of the Borrower or (h) to the extent such Information (i) becomes
publicly available other than as a result of a breach of this Section or (ii) becomes available to
the Administrative Agent or any Lender on a non-confidential basis from a source other than the
Borrower. For the purposes of this Section, “Information” means all information received from the
Borrower relating to the Borrower or its business, other than any such information that is
available to the Administrative Agent or any Lender on a non-confidential basis prior to disclosure
by the Borrower; provided that, in the case

94

 

of information received from the Borrower after the date hereof, such information is clearly
identified at the time of delivery as confidential. Any Person required to maintain the
confidentiality of Information as provided in this Section shall be considered to have complied
with its obligation to do so if such Person has exercised the same degree of care to maintain the
confidentiality of such Information as such Person would accord to its own confidential
information.

     13.5 Dissemination of Information. The Borrower authorizes each Lender to disclose to
any Participant or Purchaser or any other Person acquiring an interest in the Loan Documents by
operation of law (each a “Transferee”) and any prospective Transferee any and all information in
such Lender’s possession concerning the Borrower and its Subsidiaries; provided that prior
to any such disclosure, such prospective Transferee shall agree to preserve in accordance with
Section 13.4 the confidentiality of any confidential information described therein.

     13.6 Tax Treatment. If any interest in any Loan Document is transferred to any
Transferee which is not incorporated under the laws of the United States or any State thereof, the
transferor Lender shall cause such Transferee, concurrently with the effectiveness of such
transfer, to comply with the provisions of Section 4.5(iv).

ARTICLE XIV: NOTICES

     14.1 Giving Notice.

     (a) Except in the case of notices and other communications expressly permitted to be given by
telephone (and subject to paragraph (b) below), all notices and other communications provided for
herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by
certified or registered mail or sent by telecopy, as follows:

     (i) if to the Borrower, to it at 533 Maryville University Drive, St. Louis, MO 63141,
Attention of William C. Fox, Vice President and Treasurer (Telecopy No. (314) 985-2220);

     (ii) if to the Administrative Agent, to it at 10 S. Dearborn Street, 7th
Floor, Chicago, IL 60603, Attention of Latanya Driver (Telecopy No. (888) 292-9533), with a
copy to 10 S. Dearborn Street, 9th Floor, Chicago, IL 60603, Attention of
Gregory Martin (Telecopy No. (312) 212-5912); and

     (iii) if to any other Lender, to it at its address (or telecopy number) set forth below
its signature hereto.

     (b) Notices and other communications to the Lenders hereunder may be delivered or furnished by
electronic communications pursuant to procedures approved by the Administrative Agent; provided
that the foregoing shall not apply to notices pursuant to Article II unless otherwise agreed by the
Administrative Agent and the applicable Lender. The Administrative Agent or the Borrower may, in
its discretion, agree to accept notices and other communications to it hereunder by electronic
communications pursuant to procedures approved by it; provided that approval of such procedures may
be limited to particular notices or communications.

95

 

     (c) Any party hereto may change its address or telecopy number for notices and other
communications hereunder by notice to the other parties hereto. All notices and other
communications given to any party hereto in accordance with the provisions of this Agreement shall
be deemed to have been given on the date of receipt.

     14.2 Change of Address. The Borrower, the Administrative Agent and any Lender may
each change the address for service of notice upon it by a notice in writing to the other parties
hereto.

ARTICLE XV: COUNTERPARTS

     This Agreement may be executed in any number of counterparts, all of which taken together
shall constitute one agreement, and any of the parties hereto may execute this Agreement by signing
any such counterpart. This Agreement shall be effective when it has been executed by the Borrower,
the Administrative Agent and the Lenders and each party has notified the Administrative Agent by
telex or telephone, that it has taken such action.

ARTICLE XVI: USA PATRIOT ACT

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

[Remainder of This Page Intentionally Blank]

96

 

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

	 	 	 	 	 
	 	ENERGIZER HOLDINGS, INC., as the Borrower

 	 
	 	By:  	/s/ William C. Fox
 	 
	 	 	Name:  	William C. Fox 	 
	 	 	Title:  	Vice President and Treasurer 	 
	 

Address:

533 Maryville University Drive

St. Louis, Missouri 63141

Attn: William C. Fox, Vice President and Treasurer

Facsimile No.: (314) 985-2220

Signature Page to Amended and Restated Revolving Credit Agreement

Energizer Holdings, Inc.

 

 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A., individually as a

Lender, as the Swing Line Bank, as the Principal

Issuing Bank and as Administrative Agent

 	 
	 	By:  	/s/ Gregory T. Martin
 	 
	 	 	Name:  	Gregory T. Martin 	 
	 	 	Title:  	Vice President 	 
	 

Address:

10 S. Dearborn St.

9th Floor, IL 1-0364

Attn: Gregory T. Martin

Facsimile No.: 312-212-5912

Signature Page to Amended and Restated Revolving Credit Agreement

Energizer Holdings, Inc.

 

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A., individually as a Lender 

and as Co-Syndication Agent

 	 
	 	By:  	/s/ David L. Catherall
 	 
	 	 	Name:  	David L. Catherall 	 
	 	 	Title:  	Director 	 
	 

Address:

540 W. Madison Street

IL4-540-23 -09

Chicago, IL 60661

Attn: David L. Catherall

Facsimile No.: (415) 503-5026

Signature Page to Amended and Restated Revolving Credit Agreement

Energizer Holdings, Inc.

 

 

	 	 	 	 	 
	 	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
 individually as a Lender and as Co-Syndication Agent

 	 
	 	By:  	/s/ Thomas Danielson
 	 
	 	 	Name:  	Thomas Danielson 	 
	 	 	Title:  	Authorized Signatory 	 
	 

Address:

1251 Avenue of the Americas

New York, New York 10020-1104

Attn: Alex Lam

Telephone No: 312-696-4662

Facsimile No.: 2l2-782-6440

with a copy to 312-696-4535

Signature Page to Amended and Restated Revolving Credit Agreement

Energizer Holdings, Inc.

 

 

	 	 	 	 	 
	 	CITIBANK, N.A., individually as a Lender and as Co-
Documentation Agent

 	 
	 	By:  	/s/ Alvaro De Velasco
 	 
	 	 	Name:  	Alvaro De Velasco 	 
	 	 	Title:  	Vice president
(212) 816-4312 	 
	 

Address:

[388 Greenwid St]

[NY, NY, 10013]

Attn: [Allen Fisher]

Facsimile No.: [(646) [291-1623])]

Signature Page to Amended and Restated Revolving Credit Agreement

Energizer Holdings, Inc.

 

 

	 	 	 	 	 
	 	SUNTRUST BANK, individually as a Lender and as
 Co-Documentation Agent

 	 
	 	By:  	/s/ Garrett O’Malley
 	 
	 	 	Name:  	Garrett O’Malley 	 
	 	 	Title:  	Director 	 
	 

Address:

303 Peachtree Street NE, 23rd Floor

Atlanta, GA 30308

Attn: Grant Copeland

Facsimile No.: 404.588.7189

Signature Page to Amended and Restated Revolving Credit Agreement

Energizer Holdings, Inc.

 

 

	 	 	 	 	 
	 	THE NORTHERN TRUST COMPANY, as a Lender

 	 
	 	By:  	/s/ Thomas Hasenauer
 	 
	 	 	Name:  	Thomas Hasenauer 	 
	 	 	Title:  	Vice President 	 
	 

Address:

50 S. LaSalle St

Chicago, IL 60603

Attn: Thomas Hasenauer

Facsimile No.: 312-444-7028

Signature Page to Amended and Restated Revolving Credit Agreement

Energizer Holdings, Inc.

 

 

	 	 	 	 	 
	 	STANDARD CHARTERED BANK, as a Lender

 	 
	 	By:  	/s/ James P. Hughes
 	 
	 	 	Name:  	James P. Hughes A2386 	 
	 	 	Title:  	Director 	 
	 

	 	 	 	 	 
	 	 	 
	 	By:  	/s/ Robert K. Reddington
 	 
	 	 	Name:  	Robert K. Reddington 	 
	 	 	Title:  	Credit Documentation Manager

Credit Documentation Unit, WB Legal-Americas 	 
	 

Address:

Standard Chartered Bank

1095 Avenue of the Americas

New York, NY 10036

Attn: Alan Babcock Josephine Barcelon\

Alan.Babcock@sc.com / Josephine.Barcelon@sc.com

Tel: 212-667-0315 /212-667-0220

Facsimile No.: 646-455-6315 / 646-455-6220

Signature Page to Amended and Restated Revolving Credit Agreement

Energizer Holdings, Inc.

 

 

	 	 	 	 	 
	 	WESTPAC BANKING CORPORATION, as a Lender

 	 
	 	By:  	/s/ BRADLEY SCAMMELL
 	 
	 	 	Name: BRADLEY SCAMMELL 	 
	 	 	Title: HEAD OF CORPORATE AND
          INSTITUTIONAL BANKING
AMERICAS 	 
	 

Address:

39th Floor

575 Fifth Avenue

New York, New York 10017

Attn: Brad Scammell

Facsimile No.: +1 212 551-2815

Signature Page to Amended and Restated Revolving Credit Agreement 

Energizer Holdings, Inc.

 

 

	 	 	 	 	 
	 	INTESA SANPAOLO S.p.A., as a Lender

 	 
	 	By:  	/s/ John J. Michalisin
 	 
	 	 	Name:  	John J. Michalisin 	 
	 	 	Title:  	First Vice President 	 
	 

	 	 	 	 	 
	 	 	 
	 	By:  	/s/ Franco Di Mario
 	 
	 	 	Name:  	Franco Di Mario 	 
	 	 	Title:  	FVP & Credit Manager 	 
	 

Address:

One William Street

New York, NY 10004

Tele: 212-607-3918

Facsimile No.: 212-607-3727

Signature Page to Amended and Restated Revolving Credit Agreement

Energizer Holdings, Inc.

 

 

	 	 	 	 	 
	 	TD BANK, N.A., as a Lender

 	 
	 	By:  	/s/ Marla Willner
 	 
	 	 	Name:  	Marla Willner 	 
	 	 	Title:  	Senior Vice President 	 
	 

Signature Page to Amended and Restated Revolving Credit Agreement

Energizer Holdings, Inc.

 

 

	 	 	 	 	 
	 	Upon full payment of all amounts due to the undersigned under the Existing Credit Agreement, the
undersigned Departing Lender hereby acknowledges and agrees that, from and after the Closing Date,
it is no longer a party to the Existing Credit Agreement and will not be a party to this Agreement.

BNP PARIBAS

 	 
	 	By:  	/s/ Daniel Raymond
 	 
	 	 	Name:  	Daniel Raymond 	 
	 	 	Title:  	Associate 	 
	 

	 	 	 	 	 
	 	 	 
	 	By:  	/s/ Eric Slear
 	 
	 	 	Name:  	Eric Slear 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to Amended and Restated Revolving Credit Agreement

Energizer Holdings, Inc.

 

 

	 	 	 	 	 
	 	The undersigned Departing Lender hereby acknowledges and agrees that, from and after the Closing
Date, it is no longer a party to the Existing Credit Agreement and will not be a party to this
Agreement.

Mizuho Corporate Bank Limited

 	 
	 	By:  	/s/ Robert Gallagher
 	 
	 	 	Name:  	Robert Gallagher 	 
	 	 	Title:  	Authorized Signatory 	 
	 

Signature Page to Amended and Restated Revolving Credit Agreement

Energizer Holdings, Inc.

 

 

PRICING SCHEDULE

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Applicable	 	 	 	 	 	Applicable Fee Rate
	 	 	Margin
for	 	Applicable	 	 	 	 	 	Applicable
	 	 	Eurodollar
rate	 	Margin for abr	 	Applicable L/C	 	Facility Fee
	Status	 	Loans	 	Loans	 	Fee Percentage	 	Percentage
	Level I Status

	 	 	1.05	%	 	 	0.05	%	 	 	1.05	%	 	 	0.20	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Level II Status

	 	 	1.25	%	 	 	0.25	%	 	 	1.25	%	 	 	0.25	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Level III Status

	 	 	1.50	%	 	 	0.50	%	 	 	1.50	%	 	 	0.25	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Level IV Status

	 	 	1.70	%	 	 	0.70	%	 	 	1.70	%	 	 	0.30	%

     “Financials” means the annual or quarterly financial statements of the Borrower delivered
pursuant to pursuant to Section 7.1(A)(i) and (ii) of the Credit Agreement, as
applicable.

     “Level I Status” exists at any date if, as of the last day of the fiscal quarter of the
Borrower referred to in the most recent Financials, the Leverage Ratio is less than or equal to
2.25 to 1.00.

     “Level II Status” exists at any date if, as of the last day of the fiscal quarter of the
Borrower referred to in the most recent Financials, (i) the Borrower has not qualified for Level I
Status and (ii) the Leverage Ratio is less than or equal to 3.00 to 1.00.

     “Level III Status” exists at any date if, as of the last day of the fiscal quarter of the
Borrower referred to in the most recent Financials, (i) the Borrower has not qualified for Level I
Status or Level II Status and (ii) the Leverage Ratio is less than or equal to 3.50 to 1.00.

     “Level IV Status” exists at any date if, as of the last day of the fiscal quarter of the
Borrower referred to in the most recent Financials, (i) the Borrower has not qualified for Level I
Status, Level II Status or Level III Status.

     “Status” means Level I Status, Level II Status, Level III Status or Level IV Status.

 

 

     The Applicable Margin for Eurodollar Rate Loans, the Applicable Margin for ABR Loans, the
Applicable L/C Fee Percentage and the Applicable Facility Fee Percentage shall be determined in
accordance with the foregoing table based on the Borrower’s Status as reflected in the then most
recent Financials. Adjustments, if any, to the Applicable Margin for Eurodollar Rate Loans, the
Applicable Margin for ABR Loans, the Applicable L/C Fee Percentage or the Applicable Facility Fee
Percentage shall be effective five (5) Business Days after the Administrative Agent has received
the applicable Financials. If the Borrower fails to deliver the Financials to the Administrative
Agent at the time required pursuant to this Agreement, then the Applicable Margin for Eurodollar
Rate Loans, the Applicable Margin for ABR Loans, the Applicable L/C Fee Percentage and the
Applicable Facility Fee Percentage shall be determined based upon Level IV Status until five (5)
days after such Financials are so delivered. For the period from the Closing Date until five (5)
Business Days after the Administrative Agent’s receipt of the Financials for the first fiscal
quarter ending after the closing date, the Applicable Margin for Eurodollar Rate Loans, the
Applicable Margin for ABR Loans, the Applicable L/C Fee Percentage and the Applicable Facility Fee
Percentage shall be determined based on the “Leverage Ratio” under (and as defined in) the Existing
Credit Agreement and set forth in the most recently delivered Financials thereunder.

 

 

EXHIBIT
A

TO

AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

Revolving Loan Commitments

	 	 	 	 	 
	Lender	 	Revolving Loan Commitment	 
	JPMorgan Chase Bank, N.A.
	 	$	75,000,000	 
	Bank of America, N.A.
	 	$	75,000,000	 
	The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	 	$	75,000,000	 
	Citibank, N.A.
	 	$	45,000,000	 
	SunTrust Bank
	 	$	45,000,000	 
	The Northern Trust Company
	 	$	45,000,000	 
	Standard Chartered Bank
	 	$	25,000,000	 
	Westpac Institutional Bank
	 	$	25,000,000	 
	Intesa Sanpaolo S.p.A
	 	$	20,000,000	 
	TD Bank, N.A.
	 	$	20,000,000	 
	Total
	 	$	450,000,000	 

A-1

 

EXHIBIT B

TO

AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

Form of Borrowing/Election Notice

			
	TO:	 	JPMorgan Chase Bank, N.A., as the “Administrative Agent” under that certain Amended
and Restated Revolving Credit Agreement dated as of May 6, 2011 (as amended, restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”) by and
among Energizer Holdings, Inc. (the “Borrower”), the financial institutions from time
to time parties thereto as Lenders (the “Lenders”), the Administrative Agent, Bank of
America, N.A. and The Bank of Tokyo-Mitsubishi UFJ, Ltd., as Co-Syndication Agents, and
Citibank, N.A. and SunTrust Bank, as Co-Documentation Agents.

          The Borrower hereby gives to the Administrative Agent a Borrowing/Election Notice pursuant to
[Section 2.1] [Section 2.2] [Section 2.7] [Section 2.9] of the
Credit Agreement, and Borrower hereby requests to borrow on ____________ ____, 20___ (the
“Borrowing Date”):

(a) from the Lenders with Revolving Loan Commitments on a pro rata basis an aggregate
principal amount of $_____________ in Revolving Loans as a:

	 	 	 	o Floating Rate Advance
	 
	 	 	 	o Eurodollar Rate Advance

          Applicable
Interest Period of                     month(s).

(b) from the Swing Line Bank a Swing Line Loan in the principal amount of $____________ as
a:

	 	 	 	o Floating Rate Advance
	 
	 	 	 	o Other Agreed Rate of ______________.

          The undersigned hereby certifies, in its corporate capacity, to the Administrative Agent and
the Lenders that (i) the representations and warranties of the undersigned contained in Article
VI of the Credit Agreement are and shall be true and correct in all material respects on and as
of the date hereof and on and as of the Borrowing Date; (ii) no Default or Unmatured Default has
occurred and is continuing on the date hereof or on the Borrowing Date or will result from the
making of the proposed Loans; and (iii) the conditions set forth in Section[s 5.1 and] 5.2
of the Credit Agreement have been satisfied.

B-1

 

          Unless otherwise defined herein, terms defined in the Credit Agreement shall have the same
meanings in this Borrowing/Election Notice.

Dated: ____________ ____, 20___

	 	 	 	 	 
	 	ENERGIZER HOLDINGS, INC.,

as the Borrower

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

B-2

 

EXHIBIT C

TO

AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

Form of Request for Letter of Credit

			
	TO:	 	[JPMorgan Chase Bank, N.A.][name of other Lender acting as an Issuing Bank], as Issuing Bank
under that certain Amended and Restated Revolving Credit Agreement dated as of May 6, 2011 (as
amended, restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”) by and among Energizer Holdings, Inc. (the “Borrower”), the financial
institutions from time to time parties thereto as Lenders, JPMorgan Chase Bank, N.A., as
Administrative Agent, Bank of America, N.A. and The Bank of Tokyo-Mitsubishi UFJ, Ltd., as
Co-Syndication Agents, and Citibank, N.A. and SunTrust Bank, as Co-Documentation Agents.

          Pursuant to Section 3.4 of the Credit Agreement, the Borrower hereby gives to the
Issuing Bank a request for issuance of a Letter of Credit on behalf of Borrower for the benefit of
____________1, in the amount of $____________, with an effective date of ___________
____, 20___ (the “Effective Date”) and an expiry date of ____________ ____, 20___. [Insert
instructions and /or conditions].

          The undersigned hereby certifies, in its corporate capacity, that (i) the representations and
warranties of the undersigned contained in Article VI of the Credit Agreement are and shall
be true and correct in all material respects on and as of the date hereof and on and as of the
Effective Date; (ii) no Default or Unmatured Default has occurred and is continuing on the date
hereof or on the Effective Date or will result from the issuance of the proposed Letter of Credit;
and (iii) the conditions set forth in Sections 3.4 and 5.2 of the Credit Agreement
have been satisfied.

          Unless otherwise defined herein, terms defined in the Credit Agreement shall have the same
meanings in this Request for Letter of Credit.

Dated: ____________ ____, 20___

	 	 	 	 	 
	 	ENERGIZER HOLDINGS, INC.,

as the Borrower

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

			
	1	 	Insert name of beneficiary

C-1

 

EXHIBIT D

TO

AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

Form of Assignment and Assumption

ASSIGNMENT AND ASSUMPTION

     This Assignment and Assumption (the “Assignment and Assumption”) is
dated as of the Effective Date set forth below and is entered into by and between [Insert name of
Assignor] (the “Assignor”) and [Insert name of Assignee] (the
“Assignee”). Capitalized terms used but not defined herein shall have the
meanings given to them in the Credit Agreement identified below (as amended, the “Credit
Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The
Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and
incorporated herein by reference and made a part of this Assignment and Assumption as if set forth
herein in full.

     For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the
Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to
and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the
Effective Date inserted by the Administrative Agent as contemplated below (i) all of the Assignor’s
rights and obligations in its capacity as a Lender under the Credit Agreement and any other
documents or instruments delivered pursuant thereto to the extent related to the amount and
percentage interest identified below of all of such outstanding rights and obligations of the
Assignor under the respective facilities identified below (including any letters of credit,
guarantees and swingline loans included in such facilities) and (ii) to the extent permitted to be
assigned under applicable law, all claims, suits, causes of action and any other right of the
Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under
or in connection with the Credit Agreement, any other documents or instruments delivered pursuant
thereto or the loan transactions governed thereby or in any way based on or related to any of the
foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all
other claims at law or in equity related to the rights and obligations sold and assigned pursuant
to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii)
above being referred to herein collectively as the “Assigned Interest”). Such
sale and assignment is without recourse to the Assignor and, except as expressly provided in this
Assignment and Assumption, without representation or warranty by the Assignor.

D-1

 

	 	 	 	 	 

	1.
	 	Assignor:	 	                                                            
	 
	 	 	 	 
	2.
	 	Assignee:	 	                                                            [and is an Affiliate/Approved Fund of [identify Lender]
	 
	 	 	 	 
	3.
	 	Borrower:	 	Energizer Holdings, Inc.
	 
	 	 	 	 
	4.
	 	Administrative Agent:	 	JPMorgan Chase Bank, N.A., as the Administrative Agent under the Credit Agreement
	 
	 	 	 	 
	5.
	 	Credit Agreement:	 	The Amended and Restated Revolving Credit Agreement dated as of May 6, 2011
	 
	 	 	 	among Energizer Holdings, Inc., the Lenders party thereto, JPMorgan Chase Bank,
	 
	 	 	 	N.A., as Administrative Agent, Bank of America, N.A. and The Bank of
	 
	 	 	 	Tokyo-Mitsubishi UFJ, Ltd., as Co-Syndication Agents, and Citibank, N.A. and
	 
	 	 	 	SunTrust Bank, as Co-Documentation Agents.
	 
	 	 	 	 
	6.
	 	Assigned Interest:	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Aggregate Amount of	 	 	 	 	 	 	 	 
	 	 	Revolving Loan	 	 	 	 	 	 	Percentage Assigned of	 
	 	 	Commitment for all	 	 	Amount of Revolving Loan	 	 	Revolving Loan	 
	Facility Assigned	 	Lenders*	 	 	Commitment Assigned*	 	 	Commitment2	 
	Revolving Loan Commitment
	 	$	 	 	 	$	 	 	 	 	%	 
	 
	 	 	 	 	 	 	 	 	 
	 
	 	$	 	 	 	$	 	 	 	 	%	 
	 
	 	 	 	 	 	 	 	 	 
	 
	 	$	 	 	 	$	 	 	 	 	%	 
	 
	 	 	 	 	 	 	 	 	 

Effective Date: ____________ ____, 20__ [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE
THE EFFECTIVE DATE OF RECORDATION OF TRANSFER BY THE ADMINISTRATIVE AGENT.]

 

			
	*	 	Amount to be adjusted by the counterparties to take into account any payments
or prepayments made between the Trade Date and the Effective Date.
	 
	2	 	Set forth, to at least 9 decimals, as a percentage of the Revolving Loan Commitment of all Lenders thereunder.

F-1-2

 

     The terms set forth in this Assignment and Assumption are hereby agreed to:

	 	 	 	 	 
	 	ASSIGNOR 

[NAME OF ASSIGNOR]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	ASSIGNEE

[NAME OF ASSIGNEE]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

Consented to and Accepted:

JPMORGAN CHASE BANK, N.A., as

Administrative Agent

By:

Title:

Consented to:

JPMORGAN CHASE BANK, N.A., as

Swing Line Bank

By:

Title:

JPMORGAN CHASE BANK, N.A., as

Principal Issuing Bank

By:

Title:

[Consented to:]3

ENERGIZER HOLDINGS, INC., as Borrower

By:

Title:

 

			
	3	 	To be added only if the consent of the Borrower
is required by the terms of Section 13.3 of the Credit Agreement.

F-1-3

 

ANNEX 1

STANDARD TERMS AND CONDITIONS FOR

ASSIGNMENT AND ASSUMPTION

     1. Representations and Warranties.

     1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal and
beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any
lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken
all action necessary, to execute and deliver this Assignment and Assumption and to consummate the
transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any
statements, warranties or representations made in or in connection with the Credit Agreement or any
other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness,
sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial
condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in
respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its
Subsidiaries or Affiliates or any other Person of any of their respective obligations under any
Loan Document.

     1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power
and authority, and has taken all action necessary, to execute and deliver this Assignment and
Assumption and to consummate the transactions contemplated hereby and to become a Lender under the
Credit Agreement, (ii) it satisfies the requirements, if any, specified in the Credit Agreement
that are required to be satisfied by it in order to acquire the Assigned Interest and become a
Lender, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit
Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the
obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together
with copies of the most recent financial statements delivered pursuant to Section 7.1
thereof, as applicable, and such other documents and information as it has deemed appropriate to
make its own credit analysis and decision to enter into this Assignment and Assumption and to
purchase the Assigned Interest on the basis of which it has made such analysis and decision
independently and without reliance on the Administrative Agent or any other Lender, and (v) if it
is a Non-U.S. Lender, attached to the Assignment and Assumption is any documentation required to be
delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the
Assignee; and (b) agrees that (i) it will, independently and without reliance on the Administrative
Agent, the Assignor or any other Lender, and based on such documents and information as it shall
deem appropriate at the time, continue to make its own credit decisions in taking or not taking
action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the
obligations which by the terms of the Loan Documents are required to be performed by it as a
Lender.

     2. Payments. From and after the Effective Date, the Administrative Agent shall make
all payments in respect of the Assigned Interest (including payments of principal, interest, fees
and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective
Date and to the Assignee for amounts which have accrued from and after the Effective Date.

F-1-4

 

     3. General Provisions. This Assignment and Assumption shall be binding upon, and
inure to the benefit of, the parties hereto and their respective successors and assigns. This
Assignment and Assumption may be executed in any number of counterparts, which together shall
constitute one instrument. Delivery of an executed counterpart of a signature page of this
Assignment and Assumption by telecopy shall be effective as delivery of a manually executed
counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed
by, and construed in accordance with, the laws of the State of New York, but giving effect to
Federal laws applicable to national banks.

F-1-5

 

ADMINISTRATIVE QUESTIONNAIRE

(Schedule to be supplied by Closing Unit or Trading Documentation Unit)

(For Forms for Primary Syndication call [__________])

(For Forms after Primary Syndication call [__________])

F-1-6

 

US AND NON-US TAX INFORMATION REPORTING REQUIREMENTS

(Schedule to be supplied by Closing Unit or Trading Documentation Unit)

(For Forms for Primary Syndication call [___________])

(For Forms after Primary Syndication call [__________])

F-1-7

 

EXHIBIT E

TO

AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

Form of Borrower’s Counsel’s Opinion

Attached

F-1-8

 

May 6, 2011

	 	 	 

	The Lenders from time to time party to the Credit
Agreement referred to below, the other Holders of
Obligations (as defined in such Credit Agreement)
and JPMorgan Chase Bank, N.A., in its capacity as
Administrative Agent for itself and the
other Holders of Obligations

	 	 

Ladies and Gentlemen:

We have acted as counsel to Energizer Holdings, Inc., a Missouri corporation (“Energizer”),
Energizer International, Inc., a Delaware corporation, Eveready Battery Company, Inc., a Delaware
corporation, Energizer Battery, Inc., a Delaware corporation, Energizer Battery Manufacturing,
Inc., a Delaware corporation, Schick Manufacturing, Inc., a Delaware corporation, and Playtex
Manufacturing, Inc., a Delaware corporation, (the “Incorporated Guarantors”), Playtex Products,
LLC, a Delaware limited liability company, Sun Pharmaceuticals, LLC, a Delaware limited liability
company, Tanning Research Laboratories, LLC, a Delaware limited liability company, and Energizer
Personal Care, LLC, a Delaware limited liability company, (the “LLC Guarantors” together with the
“Incorporated Guarantors,” collectively, the “Subsidiary Guarantors” and, together with Energizer,
the “Loan Parties”), in connection with the Amended and Restated Revolving Credit Agreement, dated
as of the date hereof (the “Credit Agreement”), among Energizer, the institutions listed therein as
Lenders, JPMorgan Chase Bank, N.A., in its capacity as Administrative Agent for itself and the
other Lenders, Bank of America, N.A. and the Bank of Tokyo-Mitsubishi UFJ, LTD as Co-Syndication
Agents, and Citibank, N.A. and SunTrust Bank as Co-Documentation Agents. Capitalized terms used
herein without definition have the same meanings as in the Credit Agreement.

In connection herewith, we have examined:

     (a) The Credit Agreement;

     (b) The Revolving Loan Notes dated as of the date hereof and delivered at the request of the
Lenders; and

     (c) The Amended and Restated Guaranty dated as of the date hereof and executed by each of the
Subsidiary Guarantors.

The documents referenced as items (a) through (c) above are collectively referred to herein as the
“Loan Documents.” We have also examined originals or copies,

 

 

May 6, 2011

Page 2

certified or otherwise identified to our satisfaction, of the Certificate of Incorporation or
equivalent charter document (the “Charter”), and the Bylaws, limited liability company agreement or
equivalent organic document of each Loan Party (the “Bylaws”) and such other corporate records,
agreements and instruments of each Loan Party, certificates of public officials and officers of
each Loan Party, and such other documents, records and instruments, and we have made such legal and
factual inquiries, as we have deemed necessary or appropriate as a basis for us to render the
opinions hereinafter expressed. In our examination of the Loan Documents and the foregoing, we
have assumed the genuineness of all signatures, the legal competence and capacity of natural
persons, the authenticity of documents submitted to us as originals and the conformity with
authentic original documents of all documents submitted to us as copies. When relevant facts were
not independently established, we have relied without independent investigation as to matters of
fact upon statements of governmental officials and upon representations made in or pursuant to the
Loan Documents and certificates and statements of appropriate representatives of the Loan Parties.

In connection herewith, we have assumed that, other than with respect to the Loan Parties, all of
the documents referred to in this opinion letter have been duly authorized by, have been duly
executed and delivered by, and constitute the valid, binding and enforceable obligations of, all of
the parties to such documents, all of the signatories to such documents have been duly authorized
and all such parties are duly organized and validly existing and have the power and authority
(corporate or other) to execute, deliver and perform such documents.

Based upon the foregoing, and in reliance thereon, and subject to the assumptions, comments,
qualifications, limitations and exceptions set forth herein, we are of the opinion that:

     1. The Borrower is validly existing as a corporation, in good standing under the laws of its
jurisdiction of incorporation. Each Incorporated Guarantor is validly existing as a corporation, in
good standing under the laws of its jurisdiction of incorporation. Each LLC Guarantor is validly
existing as a limited liability company, in good standing under the laws of its jurisdiction of
formation. Each Loan Party has all requisite corporate or limited liability company power and
authority to own, lease and operate its material properties and assets and conduct its business in
all material respects as now being conducted.

     2. The execution and delivery by each Loan Party of each Loan Document to which it is a party
and the performance by such Loan Party of its obligations thereunder are within its corporate or
limited liability company power and have been duly authorized by all necessary corporate or limited
liability company action of such Loan Party.

     3. Each of the Loan Documents to which a Loan Party is a party has been duly executed and
delivered by such Loan Party and constitutes the valid and binding obligation of such Loan Party,
enforceable against such Loan Party in accordance with its terms.

 

 

May 6, 2011

Page 3

     4. The execution and delivery by each Loan Party of each Loan Document to which it is a party
and the performance by such Loan Party of its obligations thereunder do not result in (a) any
violation by such Loan Party of (i) the provisions of its Charter or Bylaws, (ii) any provision of
applicable U.S. federal law, New York or Missouri law, or the General Corporation Law or Limited
Liability Company Act of the State of Delaware that we, based on our experience, recognize as
applicable to such Loan Party in a transaction of this type, or (iii) to our knowledge, any order,
writ, judgment or decree of any U.S. federal or New York or Missouri state court or governmental
authority or regulatory body having jurisdiction over such Loan Party or any of its Subsidiaries or
any of their material properties, or (b) a breach or default under or require the consent or
approval of any person which has not been obtained under, or require or result in the creation or
imposition of any security interest or lien upon any of such Loan Party’s properties pursuant to,
any material agreement, contract or instrument known to us to which such Loan Party is a party or
by which it is bound. For purposes of the foregoing, we have assumed that the only material
agreements, contracts or instruments to which any Loan Party is a party or by which any of them are
bound are the Financing Facilities and those listed as exhibits to Energizer’s most recent Annual
Report on Form 10-K or any subsequent filings by Energizer with the Securities and Exchange
Commission prior to the date hereof which are available on the EDGAR system of the Securities and
Exchange Commission (as any such material agreement, contract or instrument has been amended prior
to the date hereof as reflected in such filings).

     5. To our knowledge, no action or proceeding against and naming any Loan Party is pending or
overtly threatened by written communication to the Loan Parties before any court, governmental
authority or arbitrator that calls into question the validity of the Loan Documents.

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

     7. The making of the Loans and the use of the proceeds thereof in accordance with the terms of
the Credit Agreement will not violate Regulations T, U or X of the Board of Governors of the
Federal Reserve System, assuming the accuracy of the factual representations set forth in Article
VI of the Credit Agreement.

     8. No authorization, consent, approval, license, qualification or formal exemption from, nor
any filing, declaration or registration with, any court, governmental agency or regulatory
authority or any securities exchange is required in connection with the execution, delivery or
performance by any of the Loan Parties of any Loan Document except for such as have been made or
obtained.

A court sitting in the State of Missouri will look to the conflict of law rules of the State of
Missouri to determine which law governs. Under Missouri state law, the parties to a loan contract
may agree that the contract shall be governed by the law of a particular state so long as some
element of the contract is properly referable to that state. Courts applying Missouri law have not
enforced agreements that the law of a certain state shall govern where the agreement is made to
evade otherwise applicable law or

 

 

May 6, 2011

Page 4

where the agreement infringes upon a fundamental policy of the State of Missouri. We have assumed
that the basis for the selection of the internal laws of the State of New York as the governing law
of the Credit Agreement is that the State of New York is the location of the principal executive
offices of one or more of the Lenders. Accordingly, assuming a court sitting in the State of
Missouri would find that there is a logical basis for the parties’ choice of New York law, we
believe such court should give effect thereto.

In addition to the assumptions, comments, qualifications, limitations and exceptions set forth
above, the opinions set forth herein are further limited by, subject to and based upon the
following assumptions, comments, qualifications, limitations and exceptions:

     (a) Wherever this opinion letter refers to matters “known to us,” or to our “knowledge,” or
words of similar import, such reference means that, during the course of our representation of the
Loan Parties with respect to the Loan Documents, we have requested information of the Loan Parties
concerning the matter referred to and no information has come to the attention of (either as a
result of such request for information or otherwise) the attorneys currently employed by our Firm
devoting substantive attention or a material amount of time thereto, which has given us actual
knowledge of the existence (or absence) of facts to the contrary. Except as otherwise stated
herein, we have undertaken no independent investigation or verification of such matters, and no
inference should be drawn to the contrary from the fact of our representation of the Loan Parties.

     (b) Our opinions herein reflect only the application of applicable laws, cases, decisions,
rules and regulations of the states of Missouri and New York (excluding the securities and blue sky
laws of such states), the United States, and, to the extent required by the opinions in paragraphs
1, 2, 3, 4, and 8, such opinions reflect only a reading of the statutory provisions of the General
Corporation Law or Limited Liability Company Act of the State of Delaware. For the purposes of the
foregoing opinions, the Firm attorneys who prepared this opinion letter are not licensed in the
State of Delaware. The opinions set forth herein are made as of the date hereof and are subject
to, and may be limited by, future changes in the factual matters set forth herein, and we undertake
no duty to advise you of the same. The opinions expressed herein are based upon the law in effect
(and published or otherwise generally available) on the date hereof, and we assume no obligation to
revise or supplement these opinions should such law be changed by legislative action, judicial
decision or otherwise. In rendering our opinions, we have not considered, and hereby disclaim any
opinion as to, the application or impact of any laws, cases, decisions, rules or regulations of any
jurisdiction, court or administrative agency other than those set forth in this paragraph (subject
to the limitations set forth herein).

     (c) The enforceability of the Loan Documents may be limited by (i) applicable bankruptcy,
insolvency, reorganization, receivership, moratorium or similar laws affecting or relating to the
rights and remedies of creditors generally including, without limitation, laws relating to
fraudulent transfers or conveyances, preferences and equitable subordination, (ii) general
principles of equity (regardless of whether considered in a proceeding in equity or at law), (iii)
an implied covenant of good faith and fair dealing and (iv) the qualification that certain other
provisions of the Loan

 

 

May 6, 2011

Page 5

Documents may be further limited or rendered unenforceable by applicable law, but the
inclusion of such provisions does not affect the validity as against the Loan Parties of the Loan
Documents as a whole, and the limitations on the enforceability of such provisions in the Loan
Documents do not, in our opinion, subject to the other assumptions, comments, qualifications,
limitations and exceptions stated herein, make the remedies afforded to the Administrative Agent
and the Lenders by the Loan Documents legally inadequate for the practical realization of the
principal benefits to be provided thereby.

     (d) Our opinions are further subject to the effect of generally applicable rules of law
arising from statutes, judicial and administrative decisions, and the rules and regulations of
governmental authorities that: (i) limit or affect the enforcement of provisions of a contract that
purport to require waiver of the obligations of good faith, fair dealing, diligence and
reasonableness; (ii) limit the availability of a remedy under certain circumstances where another
remedy has been elected; (iii) limit the enforceability of provisions releasing, exculpating, or
exempting a party from, or requiring indemnification of a party for, liability for its own action
or inaction, to the extent the action or inaction involves negligence, recklessness, willful
misconduct or unlawful conduct; (iv) may, where less than all of the contract may be unenforceable,
limit the enforceability of the balance of the contract to circumstances in which the unenforceable
portion is not an essential part of the agreed exchange and (v) govern and afford judicial
discretion regarding the determination of damages and entitlement to attorneys’ fees.

     (e) We express no opinion as to:

     (i) the enforceability of any provision in any of the Loan Documents purporting or
attempting to (A) confer exclusive jurisdiction and/or venue upon certain courts or
otherwise waive the defenses of forum non conveniens or improper venue or (B) confer subject
matter jurisdiction on a court not having independent grounds therefor or (C) modify or
waive the requirements for effective service of process for any action that may be brought
or (D) waive the right of any Loan Party or any other person to a trial by jury or (E)
provide that remedies are cumulative or that decisions by a party are conclusive or (F)
modify or waive the rights to notice, legal defenses, statutes of limitations or other
benefits that cannot be waived under applicable law; or

     (ii) the enforceability of (A) any rights to indemnification or contribution provided
for in the Loan Documents which are violative of public policy underlying any law, rule or
regulation (including any federal or state securities law, rule or regulation) or the
legality of such rights, (B) the effect of rights of set-off, (C) any provisions purporting
to provide to the Administrative Agent or any Lender the right to receive costs and expenses
beyond those reasonably incurred by it or (D) provisions in the Loan Documents whose terms
are left open for later resolution by the parties.

     (f) Except as may be expressly covered by this opinion, we are not expressing any opinion as
to the effect of compliance by the Administrative Agent or any Lender with any state or federal

 

 

May 6, 2011

Page 6

laws or regulations applicable to the transactions contemplated by the Loan Documents because
of the nature of any of its businesses.

This opinion is furnished to you by us pursuant to the provisions of Section 5.1(A)(5) of the
Credit Agreement. We do not render any opinions except as set forth above. By your acceptance of
this opinion letter, you agree that it may not be relied upon, circulated, quoted or otherwise
referred to by any other person or for any other purpose without our prior written consent in each
instance, except that this opinion may be distributed to other financial institutions that may from
time to time hereafter become parties to the Credit Agreement and may be disclosed to: (i)
regulatory authorities having jurisdiction over any of the Lenders; (ii) pursuant to valid legal
process; and (iii) to any Participant.

Yours very truly,

 

 

EXHIBIT F-1

TO

AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

Form of Increasing Lender Supplement

     INCREASING LENDER SUPPLEMENT, dated __________, 20___ (this “Supplement”), by and
among each of the signatories hereto, to that certain Amended and Restated Revolving Credit
Agreement, dated as of May 6, 2011 (as amended, restated, supplemented or otherwise modified from
time to time, the “Credit Agreement”), by and among Energizer Holdings, Inc. (the
“Borrower”), the financial institutions from time to time parties thereto as Lenders (the
“Lenders”), JPMorgan Chase Bank, N.A., as Administrative Agent (the “Administrative
Agent”), Bank of America, N.A. and The Bank of Tokyo-Mitsubishi UFJ, Ltd., as Co-Syndication
Agents, and Citibank, N.A. and SunTrust Bank, as Co-Documentation Agents.

W I
T N E S S E T H

     WHEREAS, pursuant to Section 2.5(B) of the Credit Agreement, the Borrower has the
right, subject to the terms and conditions thereof, to effectuate from time to time an increase in
the Aggregate Revolving Loan Commitment and/or one or more tranches of Incremental Term Loans under
the Credit Agreement by requesting one or more Lenders to increase the amount of its Revolving Loan
Commitment and/or to participate in such a tranche;

     WHEREAS, the Borrower has given notice to the Administrative Agent of its intention to
[increase the Aggregate Revolving Loan Commitment] [and] [enter into a tranche of Incremental Term
Loans] pursuant to such Section 2.5(B); and

     WHEREAS, pursuant to Section 2.5(B) of the Credit Agreement, the undersigned
Increasing Lender now desires to [increase the amount of its Revolving Loan Commitment] [and]
[participate in a tranche of Incremental Term Loans] under the Credit Agreement by executing and
delivering to the Borrower and the Administrative Agent this Supplement;

     NOW, THEREFORE, each of the parties hereto hereby agrees as follows:

     1. The undersigned Increasing Lender agrees, subject to the terms and conditions of the
Credit Agreement, that on the date of this Supplement it shall [have its Revolving Loan Commitment
increased by $[__________], thereby making the aggregate amount of its total Revolving Loan
Commitments equal to $[__________]] [and] [participate in a tranche of Incremental Term Loans with
a commitment amount equal to $[__________] with respect thereto].

     2. The Borrower hereby represents and warrants that no Default or Unmatured Default has
occurred and is continuing on and as of the date hereof.

F-1-1

 

     3. Terms defined in the Credit Agreement shall have their defined meanings when used herein.

     4. This Supplement shall be governed by, and construed in accordance with, the laws of the
State of New York.

     5. This Supplement may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute one and the same document.

F-1-2

 

     IN WITNESS WHEREOF, each of the undersigned has caused this Supplement to be executed and
delivered by a duly authorized officer on the date first above written.

	 	 	 	 	 
	 	[INSERT NAME OF INCREASING LENDER]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Accepted and agreed to as of the date first written above:

ENERGIZER HOLDINGS, INC.

	 	 	 	 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Acknowledged as of the date first written above:

JPMORGAN CHASE BANK, N.A.

as Administrative Agent

	 	 	 	 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

F-1-3

 

	 	 	 	 	 

EXHIBIT F-2

TO

AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

Form of Augmenting Lender Supplement

     AUGMENTING LENDER SUPPLEMENT, dated __________, 20___ (this “Supplement”), to that
certain Amended and Restated Revolving Credit Agreement, dated as of May 6, 2011 (as amended,
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by
and among Energizer Holdings, Inc. (the “Borrower”), the financial institutions from time
to time parties thereto as Lenders (the “Lenders”), JPMorgan Chase Bank, N.A., as
Administrative Agent (the “Administrative Agent”), Bank of America, N.A. and The Bank of
Tokyo-Mitsubishi UFJ, Ltd., as Co-Syndication Agents, and Citibank, N.A. and SunTrust Bank, as
Co-Documentation Agents.

W I T N
E S S E T H

     WHEREAS, the Credit Agreement provides in Section 2.5(B) thereof that any bank,
financial institution or other entity may [extend Revolving Loan Commitments] [and] [participate in
tranches of Incremental Term Loans] under the Credit Agreement subject to the approval of the
Borrower and the Administrative Agent, by executing and delivering to the Borrower and the
Administrative Agent a supplement to the Credit Agreement in substantially the form of this
Supplement; and

     WHEREAS, the undersigned Augmenting Lender was not an original party to the Credit Agreement
but now desires to become a party thereto;

     NOW, THEREFORE, each of the parties hereto hereby agrees as follows:

     1. The undersigned Augmenting Lender agrees to be bound by the provisions of the Credit
Agreement and agrees that it shall, on the date of this Supplement, become a Lender for all
purposes of the Credit Agreement to the same extent as if originally a party thereto, with a
[Revolving Loan Commitment of $[__________]] [and] [a commitment with respect to Incremental Term
Loans of $[__________]].

     2. The undersigned Augmenting Lender (a) represents and warrants that it is legally
authorized to enter into this Supplement; (b) confirms that it has received a copy of the Credit
Agreement, together with copies of the most recent financial statements delivered pursuant to
Section 7.1 thereof, as applicable, and has reviewed such other documents and information
as it has deemed appropriate to make its own credit analysis and decision to enter into this
Supplement; (c) agrees that it will, independently and without reliance upon the Administrative
Agent or any other Lender and based on such documents and information as it shall deem appropriate
at the time, continue to make its own credit decisions in taking or not taking action under the
Credit Agreement or any other instrument or document furnished pursuant hereto or thereto; (d)
appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to
exercise such powers and discretion under the Credit

F-2-1

 

Agreement or any other instrument or document furnished pursuant hereto or thereto as are
delegated to the Administrative Agent by the terms thereof, together with such powers as are
incidental thereto; and (e) agrees that it will be bound by the provisions of the Credit Agreement
and will perform in accordance with its terms all the obligations which by the terms of the Credit
Agreement are required to be performed by it as a Lender.

     3. The undersigned’s address for notices for the purposes of the Credit Agreement is as
follows:

          [___________]

     4. The Borrower hereby represents and warrants that no Default or Unmatured Default has
occurred and is continuing on and as of the date hereof.

     5. Terms defined in the Credit Agreement shall have their defined meanings when used herein.

     6. This Supplement shall be governed by, and construed in accordance with, the laws of the
State of New York.

     7. This Supplement may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute one and the same document.

[remainder of this page intentionally left blank]

F-2-2

 

     IN WITNESS WHEREOF, each of the undersigned has caused this Supplement to be executed and
delivered by a duly authorized officer on the date first above written.

	 	 	 	 	 
	 	[INSERT NAME OF AUGMENTING LENDER]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

Accepted and agreed to as of the date first written above:

ENERGIZER HOLDINGS, INC.

	 	 	 	 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

Acknowledged as of the date first written above:

JPMORGAN CHASE BANK, N.A.

as Administrative Agent

	 	 	 	 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

F-2-3

 

	 	 	 	 	 

EXHIBIT G

TO

AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

List of Closing Documents

Attached

G-1

 

$450,000,000

CREDIT FACILITY

TO

ENERGIZER HOLDINGS, INC.

May 6, 2011

LIST OF CLOSING DOCUMENTS1

A. LOAN DOCUMENTS

	1.	 	Amended and Restated Revolving Credit Agreement (the “Credit Agreement”) by and among
Energizer Holdings, Inc. (the “Borrower”), the institutions from time to time parties thereto
as Lenders (the “Lenders”), JPMorgan Chase Bank, N.A., in its capacity as Administrative Agent
for itself and the other Lenders (the “Administrative Agent”), Bank of America, N.A. and The
Bank of Tokyo-Mitsubishi UFJ, Ltd., as Co-Syndication Agents, and Citibank, N.A. and SunTrust
Bank, as Co-Documentation Agents, evidencing a $450,000,000 revolving credit facility.

EXHIBITS

	 	 	 	 	 

	EXHIBIT A

	 	—
	 	Revolving Loan Commitments
	EXHIBIT B

	 	—
	 	Form of Borrowing/Election Notice
	EXHIBIT C

	 	—
	 	Form of Request for Letter of Credit
	EXHIBIT D

	 	—
	 	Form of Assignment and Assumption
	EXHIBIT E

	 	—
	 	Form of Borrower’s Counsel’s Opinion
	EXHIBIT F-1

	 	—
	 	Form of Increasing Lender Supplement
	EXHIBIT F-2

	 	—
	 	Form of Augmenting Lender Supplement
	EXHIBIT G

	 	—
	 	List of Closing Documents
	EXHIBIT H

	 	—
	 	Form of Officer’s Certificate
	EXHIBIT I

	 	—
	 	Form of Compliance Certificate
	EXHIBIT J

	 	—
	 	Form of Supplement to Subsidiary Guaranty

SCHEDULES

	 	 	 	 	 

	Schedule 1.1.1

	 	—
	 	Permitted Existing Investments
	Schedule 1.1.2

	 	—
	 	Permitted Existing Liens

 

			
	1	 	Capitalized terms used herein and not
defined herein shall have the meanings assigned to such terms in the Credit
Agreement. Bold/italicized documents shall be prepared and/or provided by the
Borrower and/or Borrower’s Counsel.

 

 

	 	 	 	 	 

	Schedule 1.1.3

	 	—
	 	Permitted Existing Contingent Obligations
	Schedule 3.2

	 	—
	 	Transitional Letters of Credit
	Schedule 6.3

	 	—
	 	Conflicts; Governmental Consents
	Schedule 6.7

	 	—
	 	Litigation; Loss Contingencies
	Schedule 6.8

	 	—
	 	Subsidiaries
	Schedule 6.18

	 	—
	 	Environmental Matters
	Schedule 7.3(G)

	 	—
	 	Transactions with Shareholders
and Affiliates

	2.	 	Amended and Restated Guaranty executed by Energizer International, Inc., a Delaware
corporation, Eveready Battery Company, Inc., a Delaware corporation, Energizer Battery, Inc.,
a Delaware corporation, Energizer Battery Manufacturing, Inc., a Delaware corporation, Schick
Manufacturing, Inc., a Delaware corporation, Playtex Products, LLC, a Delaware limited
liability company, Playtex Manufacturing, Inc., a Delaware corporation, Sun Pharmaceuticals,
LLC, a Delaware limited liability company, Tanning Research Laboratories, LLC, a Delaware
limited liability company and Energizer Personal Care, LLC, a Delaware limited liability
company (collectively, the “Initial Subsidiary Guarantors”) and the other Subsidiaries of the
Borrower from time to time parties thereto, in favor of the Administrative Agent.

	3.	 	Promissory notes requested by Lenders pursuant to Section 2.12(D) of the Credit
Agreement.

B. CORPORATE DOCUMENTS

	4.	 	Certificate of the Secretary of the Borrower certifying (i) resolutions of the Board of
Directors of the Borrower authorizing the execution, delivery and performance of each document
to which it is a party, (ii) that there have been no changes in the Certificate of
Incorporation of the Borrower since the date of the most recent certification thereof by the
Secretary of State of Missouri (an original of which is attached thereto), (iii) the names and
true signatures of the incumbent officers of the Borrower authorized to sign the documents to
which it is a party and authorized to request Borrowings under the Credit Agreement, and (iv)
the By-Laws (attached thereto) of the Borrower as in effect on the date of such certification.

	5.	 	Good Standing Certificate for the Borrower from the Secretary of State of Missouri.

	6.	 	Certificate of the Secretary of each Initial Subsidiary Guarantor, certifying (i) resolutions
of the Board of Directors of each such Initial Subsidiary Guarantor approving and authorizing
the execution, delivery and performance of each document to which it is a party, (ii) that
there have been no changes in the Certificate of Incorporation of any such Initial Subsidiary
Guarantor since the date of the most recent certification thereof by the Secretary of State of
[Delaware] (originals of which are attached thereto), (iii) the names and true signatures of
the incumbent officers of each such Initial Subsidiary Guarantor authorized to sign the
documents to which it is a party, and (iv) the By-Laws (attached thereto) of each such Initial
Subsidiary Guarantor as in effect on the date of such certification.

2

 

	7.	 	Good Standing Certificate for each Initial Subsidiary Guarantor from the Secretary of State
of Delaware.

C. CLOSING CERTIFICATES AND MISCELLANEOUS

	8.	 	Opinion of Special Counsel for the Borrower and the Initial Subsidiary Guarantors with
respect to their respective obligations under the Credit Agreement and the other Loan
Documents: Bryan Cave LLP.

	9.	 	Certificate, in form and substance satisfactory to the Administrative Agent, signed by the
Vice President and Treasurer of the Borrower, stating that on the Initial Funding Date (both
before and after giving effect to any proposed Loan to be made and/or Letter of Credit to be
issued thereon), (a) all of the representations and warranties in the Credit Agreement are
true and correct and (b) no Default or Unmatured Default has occurred and is continuing.

3

 

EXHIBIT H

TO

REVOLVING CREDIT AGREEMENT

Form of Officer’s Certificate

OFFICER’S CERTIFICATE

     I, the undersigned, hereby certify to the “Administrative Agent” and the “Lenders” (each as
defined below) that I am the _________________ of ENERGIZER HOLDINGS, INC., a corporation duly
organized and existing under the laws of the State of Missouri (the “Borrower”).
Capitalized terms used herein and not otherwise defined herein are as defined in that certain
Amended and Restated Revolving Credit Agreement dated as of May 6, 2011 (as amended, restated,
supplemented or modified from time to time, the “Credit Agreement”) by and among the
Borrower, the financial institutions from time to time parties thereto as Lenders (the
“Lenders”), JPMorgan Chase Bank, N.A., as “Administrative Agent”, Bank of America,
N.A. and The Bank of Tokyo-Mitsubishi UFJ, Ltd., as Co-Syndication Agents, and Citibank, N.A. and
SunTrust Bank, as Co-Documentation Agents.

     I further certify to the Administrative Agent and the Lenders, as such officer and not
individually, that, pursuant to [Section 5.2] [Section 7.1(A)(iii)] of the Credit
Agreement, as of the date hereof:

1. No Default or Unmatured Default exists [other than the following (describe
the nature of the Default or Unmatured Default and the status thereof)].

2. The representations and warranties of the Borrower contained in Article
VI of the Credit Agreement are true and correct in all material respects on
and as of the date of this Certificate to the same extent as though made on and
as of the date hereof, except to the extent such representations and warranties
relate to an earlier date, in which case, such representations and warranties
shall have been true and correct on and as of such earlier date.

     IN WITNESS WHEREOF, I hereby subscribe my name on behalf of the Borrower on this ____ day of
_____________, 20__.

	 	 	 	 	 
	 	ENERGIZER HOLDINGS, INC., as the Borrower

 	 
	 	By:  	 	 
	 	 	[Insert Name of Officer] 	 
	 	 	 	 

H-1

 

	 	 	 	 	 

EXHIBIT I

TO

AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

Form of Compliance Certificate

COMPLIANCE CERTIFICATE

          Pursuant to [Section 5.2] [Section 7.1(A)(iii)] of the Amended and Restated
Revolving Credit Agreement dated as of May 6, 2011 (as amended, modified, restated or supplemented
from time to time, the “Credit Agreement”) by and among Energizer Holdings, Inc. (the
“Borrower”), the financial institutions from time to time parties thereto as Lenders (the
“Lenders”), JPMorgan Chase Bank, N.A., as Administrative Agent (the “Administrative
Agent”), Bank of America, N.A. and The Bank of Tokyo-Mitsubishi UFJ, Ltd., as Co-Syndication
Agents, and Citibank, N.A. and SunTrust Bank, as Co-Documentation Agents, the Borrower, through its
_________________, hereby delivers to the Administrative Agent[, together with the financial
statements being delivered to the Administrative Agent pursuant to Section 7.1(A) of the
Credit Agreement,] this Compliance Certificate (the “Certificate”) for the accounting
period from ____________ ____, 20___ to ____________, ____ 20___ (the “Accounting Period”).
Capitalized terms used herein shall have the meanings set forth in the Credit Agreement.
Subsection references herein relate to subsections of the Credit Agreement.

THE UNDERSIGNED HEREBY CERTIFIES THAT:

     1. I am the duly elected  of the Borrower;

     2. I have made, or have caused to be made under my supervision, a detailed review of the
terms of the Credit Agreement and of the transactions and conditions of the Borrower and its
Subsidiaries during the Accounting Period covered by the attached financial statements;

     3. The examinations described in paragraph 2 did not disclose the existence of any condition
or event which constitutes a Default or Unmatured Default during or at the end of the Accounting
Period covered by the attached financial statements or as of the date of this Certificate [except
as set forth below]; and

     4. Schedule I attached hereto sets forth financial data and computations evidencing the
Borrower’s compliance with certain covenants of the Credit Agreement, all of which data and
computations are true, complete and correct.

     The foregoing certifications, together with the computations set forth in Schedule I hereto
and the financial statements delivered with this Certificate in support hereof, are made and
delivered this ____ day of ____________, 20__.

I-1

 

SCHEDULE I

to COMPLIANCE CERTIFICATE

     The computations set forth in this Schedule I are designed to facilitate the
calculation of pricing, fees, financial covenants and certain other baskets based on financial
tests set forth in the Credit Agreement. The use of abbreviated terminology and/or descriptions in
the computations below are not in any way intended to override or eliminate the more elaborate
descriptions for such computations set forth in the relevant provisions of the Credit Agreement,
all of which shall be deemed to control. In addition, the failure to identify any specific
provisions or terms of the Credit Agreement in this Schedule I does not in any way affect
their applicability during the relevant Accounting Period or otherwise, which shall in all cases be
governed by the Credit Agreement.

I. SECTION 2.14: PRICING CALCULATIONS

A. LEVERAGE RATIO (Section 2.14(D))

	 	1.	 	All Indebtedness (as defined in the Credit Agreement) of the
Borrower and its Subsidiaries, which, for purposes of clarification, shall
exclude Hedging Obligations
	 
	 	 	 	$___________
	 
	 	2.	 	EBITDA

	 	 	 	 	 	 	 	 	 	 	 

	 	 	a.
	 	 	 	Net Income

	 	 	$	 
	 	 	 	 	 	 	 

	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 
	 	 	b.
	 	+
	 	Interest Expense

	 	 	$	 
	 	 	 	 	 	 	 

	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 
	 	 	c.
	 	+
	 	Taxes

	 	 	$	 
	 	 	 	 	 	 	 

	 	 	 	 
	 	 	 
	 	 	 	 	 	 
	 	 	d.
	 	+
	 	Non-cash charges (except those
that require accrual of a reserve
for anticipated future cash
payments for any period)

	 	 	$	 
	 	 	 	 	 	 	 

	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 
	 	 	e.
	 	+
	 	Extraordinary non-cash
charges

	 	 	$	 
	 	 	 	 	 	 	 

	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 
	 	 	f.
	 	-
	 	Extraordinary gains

	 	 	$	 
	 	 	 	 	 	 	 

	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 
	 	 	g.
	 	=
	 	(EBIT) Sum of I.A.2.a,
I.A.2.b, I.A.2.c,
I.A.2.d, I.A.2.e and I.A.2.f

	 	 	$	 
	 	 	 	 	 	 	 

	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 
	 	 	h.
	 	+
	 	Depreciation

	 	 	$	 
	 	 	 	 	 	 	 

	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 
	 	 	i.
	 	+
	 	Amortization

	 	 	$	 
	 	 	 	 	 	 	 

	 	 	 	 

I-2

 

	 	 	 	 	 	 	 	 	 	 	 

	 	 	j.
	 	=
	 	Sum of Lines I.A.2.g, I.A.2.h
and I.A.2.i (EBITDA)

	 	 	$ 	 
	 	 	 	 	 

	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 
	 	 	3. Leverage Ratio (Ratio of I.A.1 to I.A.2.j)	 	 	 	__________to 1.0

II. SECTION 7.4: FINANCIAL COVENANTS

A. MAXIMUM COVENANT LEVERAGE RATIO (Section 7.4(A))

	 	1.	 	All Indebtedness (as defined in the Credit Agreement) of the
Borrower and its Subsidiaries (which, for purposes of clarification, shall
exclude Hedging Obligations) minus Receivables Facility Attributed
Indebtedness

	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 

	 	 	$ 	 
	 	 	 	 	 

	 	 	 	 
	 	 	 	 	 
	 	 	 	 
	 	2.	 	EBITDA (I.A.2.j)

	 	 	$ 	 
	 	 	 	 	 

	 	 	 	 
	 	 	 	 	 
	 	 	 	 
	 	3.	 	Covenant Leverage Ratio (Ratio of II.A.1 to II.A.2)

	 	 	 	__________to 1.0
	 	 	 	 	 

	 	 	 	 
	 	 	 	 	 
	 	 	 	 
	 	4.	 	Required Ratio:

	 	 	 	[≤3.5 to
1.0]
[≤4.0 to 1.0]1

B. MINIMUM INTEREST EXPENSE COVERAGE RATIO (Section 7.4(B))

	 	 	 	 	 	 	 	 	 
	 
	 	1.	 	EBIT (See I.A.2.g above)

	 	 	$ 	 
	 	 	 	 	 

	 	 	 	 
	 	 	 	 	 
	 	 	 	 
	 	2.	 	Interest Expense

	 	 	$ 	 
	 	 	 	 	 

	 	 	 	 
	 	 	 	 	 
	 	 	 	 
	 	3.	 	Interest Expense Coverage Ratio
(Ratio of II.B.1 to II.B.2)

	 	 	 	__________to 1.0
	 	 	 	 	 
	 	 	 	 
	 	4.	 	Required Ratio:

	 	 	 	≥3.0 to 1.0

III. CERTAIN OTHER MISCELLANEOUS BASKETS BASED ON FINANCIAL STATEMENTS

	A.	 	SUBSIDIARY INDEBTEDNESS (Section 7.3(A))

	 	 	 	 	 	 	 	 	 

	 	1.	 	Aggregate Permitted Receivables Facility
Attributed Indebtedness (Maximum: $250,000,000)

	 	 	$ 	 
	 	 	 	 	 

	 	 	 	 

 

			
	4	 	The Covenant Leverage Ratio may be greater than 3.5 to 1.0 for a period of time specified pursuant to the terms of Section
7.4(A) of the Credit Agreement.

I-3

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	2.	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 	a.
	 	All Indebtedness (as defined)
of the Borrower and its Subsidiaries

	 	 	$	 	 	 
	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 	b.
	 	Consolidated Net Worth

	 	 	$	 	 	 
	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 	c.
	 	Consolidated Total Capitalization
Sum of lines III.A.2.a and III.A.2.b

	 	 	$	 	 	 
	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 	d.
	 	25% of Consolidated Total
Capitalization

	 	 	$	 	 	 
	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 	e.
	 	Total Indebtedness not otherwise permitted under
Sections 7.3(A)(i), (ii),
(v), (vi) and (viii)
(III.A.2.e must not exceed III.A.2.d)

	 	 	$	 	 	 
	 	 	 	 	 	 	 	 	 

	 	 	 	 	 	 

	B.	 	SALES OF ASSETS (Section 7.3(B))

	 	 	 	 	 	 	 	 	 	 	 

	 	1.	 	 	15% of Consolidated Assets at the
end of the immediately preceding
fiscal year

	 	 	$	 	 	 
	 	 	 	 	 

	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 
	 	2.	 	 	Aggregate amount of all assets
sold during the fiscal year of such sale
other than as specifically permitted
under Section 7.3(B)

	 	 	$	 	 	 
	 	 	 	 	 

	 	 	 	 	 	 
	 	 	 	 	(III.B.1 must be greater than III.B.2)
	 	 	 	 	 	 

	C.	 	LIENS (Section 7.3(C)

	 	 	 	 	 	 	 	 	 	 	 

	 	1.	 	 	Amount of indebtedness secured
by Liens not otherwise permitted under
Sections 7.3(C)(i) to (iii)

	 	 	$	 	 	 
	 	 	 	 	 

	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 
	 	2.	 	 	5% of Consolidated Assets

	 	 	$	 	 	 
	 	 	 	 	 

	 	 	 	 	 	 
	 	 	 	 	(III.C.2 must be greater than III.C.1)
	 	 	 	 	 	 

	D.	 	INVESTMENTS (Section 7.3(D))

	 	 	 	 	 	 	 	 	 	 	 

	 	1.	 	 	Investments in joint ventures
and nonconsolidated subsidiaries

	 	 	$	 	 	 
	 	 	 	 	 

	 	 	 	 	 	 
	 	 	 	 	(Maximum: $75,000,000)
	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 
	 	2.	 	 	Investments not otherwise permitted under
Sections 7.3(D)(i) through (x)

	 	 	$	 	 	 
	 	 	 	 	 

	 	 	 	 	 	 
	 	 	 	 	(Maximum: $75,000,000)
	 	 	 	 	 	 

I-4

 

	E.	 	NON-GUARANTOR SUBSIDIARIES (Section 7.3(Q))

	 	 	 	 	 	 	 	 	 	 	 

	 	1.	 	 	Aggregate assets of non-SPV
domestic consolidated Subsidiaries
which are not Subsidiary Guarantors

	 	 	$	 	 	 
	 	 	 	 	 

	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 
	 	2.	 	 	10% of Consolidated Domestic Assets of
the Borrower and its consolidated non-SPV
Subsidiaries
(III.E.1 shall not exceed III.E.2)

	 	 	$	 	 	 
	 	 	 	 	 

	 	 	 	 	 	 

I-5

 

	F.	 	“MATERIAL SUBSIDIARY” CLASSIFICATION (Definitions, Section 7.2(K))

	 	 	 	 	 	 	 	 	 	 	 

	 	1.	 	 	3% of Consolidated Domestic Assets
of the Borrower and its non-SPV
Subsidiaries

	 	 	$	 	 	 
	 	 	 	 	 

	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 
	 	2.	 	 	Identify below the name and
jurisdiction of organization for each
domestic Subsidiary of the Borrower
(a) the total assets of which exceed the
amount in III.F.1 and (b) that is
not currently a Subsidiary Guarantor:
	 	 	 	 	 	 

	 	 	 	 	 
	Name	 	Jurisdiction of Organization
	 
	 	 	 
	 
	 	 	 
	 
	 	 	 

I-6

 

     The Borrower hereby certifies, through its ____________, that the information set forth above
is accurate as of ____________ ____, 20___, to the best of such officer’s knowledge, after diligent
inquiry, and that the financial statements delivered herewith present fairly the financial position
of the Borrower and its Subsidiaries at the dates indicated and the results of their operations and
changes in their financial position for the periods indicated in conformity with Agreement
Accounting Principles, consistently applied, subject, as to unaudited financial statements
delivered herewith, to normal year-end and audit adjustments.

Dated: ____________ ____, 20___

	 	 	 	 	 
	 	ENERGIZER HOLDINGS, INC.,

as the Borrower

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

I-7

 

	 	 	 	 	 

EXHIBIT J

TO

AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

Form of Supplement to Subsidiary Guaranty

ANNEX I TO GUARANTY

Supplement to Subsidiary Guaranty

     Reference is hereby made to the Amended and Restated Guaranty (the “Guaranty”) made as
of the 6th day of May, 2011 by and among Energizer International, Inc., a Delaware corporation,
Eveready Battery Company, Inc., a Delaware corporation, Energizer Battery, Inc., a Delaware
corporation, Energizer Battery Manufacturing, Inc., a Delaware corporation, Schick Manufacturing,
Inc., a Delaware corporation, Playtex Products, LLC, a Delaware limited liability company, Playtex
Manufacturing, Inc., a Delaware corporation, Sun Pharmaceuticals, LLC, a Delaware limited liability
company, Tanning Research Laboratories, LLC, a Delaware limited liability company and Energizer
Personal Care, LLC, a Delaware limited liability company (collectively, the “Initial
Guarantors” and along with any Subsidiaries which have become parties thereto and together with
the undersigned, the “Guarantors”) in favor of the Administrative Agent, for the ratable
benefit of the Holders of Obligations. Capitalized terms used herein and not defined herein shall
have the meanings given to them in the Guaranty. By its execution below, the undersigned [NAME OF
NEW GUARANTOR], a [___________] [corporation] [partnership] [limited liability company], agrees to
become, and does hereby become, a Guarantor under the Guaranty and agrees to be bound by such
Guaranty as if originally a party thereto. By its execution below, the undersigned represents and
warrants as to itself that all of the representations and warranties contained in Section 2
of the Guaranty are true and correct in all respects as of the date hereof.

     IN WITNESS WHEREOF, [NAME OF NEW GUARANTOR], a [___________] [corporation] [partnership]
[limited liability company] has executed and delivered this Annex I counterpart to the
Guaranty as of this ____ day of ____________, 20__.

	 	 	 	 	 
	 	[NAME OF NEW GUARANTOR]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

I-8

 

SCHEDULES TO

AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

Dated as of May 6, 2011

among

ENERGIZER HOLDINGS, INC.

THE INSTITUTIONS FROM TIME TO TIME

PARTIES HERETO AS LENDERS

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent,

BANK OF AMERICA, N.A. and THE BANK OF TOKYO-MITSUBISHI UFJ,

LTD.

as Co-Syndication Agents

and

CITIBANK N.A. AND SUNTRUST BANK,

as Co-Documentation Agents

 

J.P. MORGAN SECURITIES LLC, MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED and THE BANK OF

TOKYO-MITSUBISHI UFJ,
LTD.,

as Co-Lead Arrangers and Joint Bookrunners

 

 

 

SCHEDULE 1.1.1

Permitted Existing Investments

Investments of Energizer International, Inc. 

Eveready East Africa Limited (Kenya) (10.5%)

Investment of Energizer Group France SAS

COREPILE SA (France) (20%) **- recycling entity

Investment of Energizer Battery, Inc. 

Energizer Receivables Funding Corporation — bankruptcy remote entity

Investment of Energizer Czech spol. s r.o. 

ECOBAT s r.o (Czech Republic) (16.66%) ** — recycling entity

Investment of Energizer SA

ECOPILHAS LDA. (Portugal) (16.66%) ** — recycling entity

Investment of Energizer Polska sp. zo.o 

REBA Organizacja Odzysku S.A. (Poland) (25%) ** — recycling entity

Investment of Energizer Hungary Trading Ltd.  — recycling entity

RE’LEM Public Benefit Co. (Hungary) (33.3%) **

Investment of Energizer Hellas A.E.

AFIS, S.A.(Greece) (40%) ** — recycling entity

Investment of Playtex Products, LLC

Playtex Marketing Corporation (50%) (joint venture)

Subsidiaries listed on Schedule 6.8.

Other
immaterial Investments.

 

**
non-profit

 

 

SCHEDULE 1.1.2

Permitted Existing Liens

Liens securing immaterial and de minimis Indebtedness.

 

 

SCHEDULE 1.1.3

Permitted Existing Contingent Obligations

Guaranties of immaterial and de minimis obligations arising in the ordinary course of business and
not related to the borrowing of money.

 

 

SCHEDULE 3.2

Transitional Letters of Credit

	 	 	 	 	 	 	 	 	 
	JPM Reference Number	 	L/C Available	 	 	 	 
	CIF 444-104969	 	Amount	 	Release Date	 	Expiry / Maturity Date
	CPCS-251746

	 	$	137,995.00	 	 	MAR 27, 2008
	 	MAY 15, 2012
	CPCS-269032

	 	$	523,887.00	 	 	DEC 13, 2007
	 	DEC 05, 2011
	CPCS-269034

	 	$	1,175,000.00	 	 	DEC 13, 2007
	 	DEC 07, 2011
	CPCS-269599

	 	$	505,110.00	 	 	DEC 13, 2007
	 	DEC 11, 2011
	CPCS-284978

	 	$	1,000,000.00	 	 	FEB 15, 2008
	 	DEC 31, 2011
	CPCS-618269

	 	$	227,605.00	 	 	JUN 02, 2008
	 	JUL 06, 2011
	CPCS-636073

	 	$	500,000.00	 	 	JUL 17, 2002
	 	JUL 31, 2012
	CPCS-636118

	 	$	2,000,000.00	 	 	NOV 27, 2002
	 	SEP 30, 2011
	CPCS-668723

	 	$	44,415.61	 	 	AUG 13, 2008
	 	AUG 07, 2011
	CPCS-692914

	 	$	45,235.00	 	 	OCT 06, 2008
	 	OCT 03, 2011
	CPCS-695384

	 	$	5,438,038.00	 	 	NOV 14, 2008
	 	OCT 01, 2011
	CPCS-777281

	 	$	168,500.00	 	 	JUL 13, 2009
	 	JUL 10, 2012
	CPCS-634811

	 	$	5,000.00	 	 	DEC 05, 2001
	 	SEP 30, 2011

 

 

SCHEDULE 6.3

Conflicts; Governmental Consents

None

 

 

SCHEDULE 6.7

Litigation; Loss Contingencies

None

 

 

SCHEDULE 6.8

Subsidiaries

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Interests in
	 	 	Jurisdictions	 	 	 	 	 	any Person
	 	 	of	 	 	 	Shares Authorized and Issued	 	not a
	Subsidiary Name/Federal Tax ID No.	 	Incorporation	 	Foreign Qualification	 	and Outstanding; Owner	 	Corporation
	Berec Overseas Investments Limited
	 	UK	 	 	 	Authorized:  100	 	 
	 
	 	 	 	 	 	Issued:  100	 	 
	 
	 	 	 	 	 	Energizer Holdings UK Co Limited	 	 
	 
	 	 	 	 	 	 	 	 
	EBC Batteries, Inc./ 43-1654782
	 	Delaware	 	India	 	Authorized:  1,000	 	 
	 
	 	 	 	 	 	Issued:  1,000	 	 
	 
	 	 	 	 	 	Energizer International, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Asia Pacific, Inc./
	 	Delaware	 	Hong Kong	 	Authorized:  1,000	 	 
	43-1383625
	 	 	 	 	 	Issued:  1,000	 	 
	 
	 	 	 	 	 	Energizer International, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Australia Pty. Ltd.
	 	Australia	 	 	 	Authorized:  200,000,000	 	 
	 
	 	 	 	 	 	Issued:  14,872,492	 	 
	 
	 	 	 	 	 	Energizer International, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Canada Inc.
	 	Canada	 	 	 	Common Stock	 	 
	 
	 	 	 	 	 	Authorized:  unlimited	 	 
	 
	 	 	 	 	 	Issued:  548,108	 	 
	 
	 	 	 	 	 	Energizer International, Inc. (100%)	 	 
	 
	 	 	 	 	 	Preferred:	 	 
	 
	 	 	 	 	 	Authorized:  285	 	 
	 
	 	 	 	 	 	Issued: 0	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer (China) Co., Ltd.
	 	China	 	 	 	$26,000,000 paid in capital	 	 
	 
	 	 	 	 	 	Energizer International, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Hellas A.E.
	 	Greece	 	 	 	Authorized:  100,100	 	 
	 
	 	 	 	 	 	Issued:  100,100	 	 
	 
	 	 	 	 	 	Energizer International, Inc. (99.9%) 100,087	 	 
	 
	 	 	 	 	 	Eveready Battery Company, Inc.: 13 shares	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Hong Kong Limited
	 	Hong Kong	 	 	 	Authorized:  400,000	 	 
	 
	 	 	 	 	 	Issued:  400,000	 	 
	 
	 	 	 	 	 	Energizer Asia Investments Pte. Ltd.	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Hungary Trading Ltd.
	 	Hungary	 	 	 	Authorized:  37,457,000 HUF	 	 
	 
	 	 	 	 	 	Issued:  37,457,000 HUF	 	 
	 
	 	 	 	 	 	Energizer International, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	EBC (India) Company Private Limited *
	 	India	 	 	 	Authorized:  35,000,000	 	 
	 
	 	 	 	 	 	Issued:  32,776,589 (94%) Energizer	 	 
	 
	 	 	 	 	 	International, Inc.	 	 
	 
	 	 	 	 	 	Energizer Singapore Pte. Ltd.: 1 share	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer India Private Limited *
	 	India	 	 	 	Authorized:  35,000,000	 	 
	 
	 	 	 	 	 	Issued:  33,781,800	 	 
	 
	 	 	 	 	 	EBC (India) Co. Private Ltd.	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Insurance Company Ltd.
	 	Bermuda	 	 	 	Authorized:  120,000	 	 
	 
	 	 	 	 	 	Issued:  120,000	 	 
	 
	 	 	 	 	 	Eveready Battery Company, Inc.	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Interests in
	 	 	Jurisdictions	 	 	 	 	 	any Person
	 	 	of	 	 	 	Shares Authorized and Issued	 	not a
	Subsidiary Name/Federal Tax ID No.	 	Incorporation	 	Foreign Qualification	 	and Outstanding; Owner	 	Corporation
	Energizer International, Inc./
	 	Delaware	 	 	 	Authorized:  1,000	 	 
	36-3440338
	 	 	 	 	 	Issued:  1,000	 	 
	 
	 	 	 	 	 	Eveready Battery Company, Inc.	 	 
	Energizer Group Italia, S.p.A.
	 	Italy	 	 	 	Authorized:  250,000	 	 
	 
	 	 	 	 	 	Issued:  250,000	 	 
	 
	 	 	 	 	 	Energizer International, Inc. —   247,500	 	 
	 
	 	 	 	 	 	Eveready Battery Company, Inc. — 2,500	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Korea, Ltd.
	 	Korea	 	 	 	Authorized:  1,000,000	 	 
	 
	 	 	 	 	 	Issued:  538,000	 	 
	 
	 	 	 	 	 	Energizer International, Inc. (100%)	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Lanka Limited
	 	Sri Lanka	 	 	 	Authorized and Issued:  145,637,938	 	Public Company
	 
	 	 	 	 	 	Energizer International, Inc. (84.1%)	 	 
	 
	 	 	 	 	 	122,448,307	 	 
	 
	 	 	 	 	 	Local Partners (15.9%) 23,189,631	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer LLC
	 	Russia	 	 	 	Capital:  $US 2,350,000	 	 
	 
	 	 	 	 	 	Energizer International, Inc. (5%)	 	 
	 
	 	 	 	 	 	Energizer Holdings, Inc. (95%)	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Group Limited
	 	United Kingdom	 	 	 	Authorized:  20,000,000	 	 
	 
	 	 	 	 	 	Issued:  16,280,000	 	 
	 
	 	 	 	 	 	Energizer Holdings UK Co Limited (100%)	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Malaysia SDN. BHD.
	 	Malaysia	 	 	 	Authorized:  10,000,000	 	 
	 
	 	 	 	 	 	Issued:  7,920,000	 	 
	 
	 	 	 	 	 	Energizer International, Inc. (80%) 6,336,000	 	 
	 
	 	 	 	 	 	Local Shareholders:  (20%) 1,584,000	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Middle East and Africa
	 	Delaware	 	UAE	 	Authorized:  1,000	 	 
	Limited/
	 	 	 	Lebanon	 	Issued:  850	 	 
	13-3051889
	 	 	 	 	 	Energizer International, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Philippines, Inc.
	 	Philippines	 	 	 	Authorized:  550,000	 	 
	 
	 	 	 	 	 	Issued:  550,000	 	 
	 
	 	 	 	 	 	Energizer International, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Group Polska Sp. zo.o
	 	Poland	 	 	 	Authorized:  345,253	 	 
	 
	 	 	 	 	 	Issued:  345,253	 	 
	 
	 	 	 	 	 	Energizer International, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Puerto Rico, Inc.
	 	Puerto Rico	 	 	 	Authorized:  10,000	 	 
	 
	 	 	 	 	 	Issued:  10	 	 
	 
	 	 	 	 	 	Energizer International, Inc. (100%)	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer SA
	 	Switzerland	 	 	 	Authorized:  14,000	 	 
	 
	 	 	 	 	 	Issued:  14,000	 	 
	 
	 	 	 	 	 	Energizer International, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Sales Ltd.
	 	Barbados	 	 	 	Authorized:  unlimited	 	 
	 
	 	 	 	 	 	Issued:  1,000	 	 
	 
	 	 	 	 	 	Eveready Battery Co., Inc. (100%)	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Slovakia, Spol. S.r.O.
	 	Slovak Republic	 	 	 	Authorized and Issued:	 	 
	 
	 	 	 	 	 	116,440,948 Euros (1 share)	 	 
	 
	 	 	 	 	 	Energizer International, Inc. (100%)	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer (South Africa)
	 	Delaware	 	South Africa	 	Authorized:  1,000	 	 
	Ltd./43-1734641
	 	 	 	 	 	Issued:  1,000	 	 
	 
	 	 	 	 	 	Energizer International, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer (Thailand) Limited
	 	Thailand	 	 	 	Authorized:  2,000,000	 	 
	 
	 	 	 	 	 	Issued:  2,000,000	 	 
	 
	 	 	 	 	 	Energizer Asia Investments Pte. Ltd.	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Interests in
	 	 	Jurisdictions	 	 	 	 	 	any Person
	 	 	of	 	 	 	Shares Authorized and Issued	 	not a
	Subsidiary Name/Federal Tax ID No.	 	Incorporation	 	Foreign Qualification	 	and Outstanding; Owner	 	Corporation
	Energizer Holdings UK Co Limited
	 	UK	 	 	 	Authorized: 13,835,001	 	 
	 
	 	 	 	 	 	Issued:  13,835,001	 	 
	 
	 	 	 	 	 	Energizer Investments U.K. Limited	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Ireland Limited
	 	Ireland	 	 	 	Common Stock	 	 
	 
	 	 	 	 	 	Authorized:  640,000	 	 
	 
	 	 	 	 	 	Issued:  480,000	 	 
	 
	 	 	 	 	 	Berec Overseas Investments Ltd.	 	 
	 
	 	 	 	 	 	(99.9%)479,600	 	 
	 
	 	 	 	 	 	Energizer Holdings UK Company Limited	 	 
	 
	 	 	 	 	 	(0.1%) 400	 	 
	 
	 	 	 	 	 	Preferred Stock	 	 
	 
	 	 	 	 	 	Authorized:  20,000	 	 
	 
	 	 	 	 	 	Issued:  20,000	 	 
	 
	 	 	 	 	 	Berec Overseas Investments Ltd. (99%) 19,818	 	 
	 
	 	 	 	 	 	 	 	 
	Ever Ready Limited
	 	UK	 	 	 	Authorized:  100 GBP (2 shares)	 	 
	 
	 	 	 	 	 	Issued:  2	 	 
	 
	 	 	 	 	 	Energizer Holdings UK Co Limited	 	 
	 
	 	 	 	 	 	 	 	 
	Eveready East Africa Limited
	 	Kenya	 	 	 	Authorized:  210,000,000	 	Public Company
	 
	 	 	 	 	 	Issued:  210,000,000	 	 
	 
	 	 	 	 	 	Energizer International, Inc. (10.51%)	 	 
	 
	 	 	 	 	 	22,061,559	 	 
	 
	 	 	 	 	 	 	 	 
	Eveready Battery Company, Inc./
	 	Delaware	 	CA, LA, MA, MO, MT,	 	Authorized:  1,000	 	 
	43-1407915
	 	 	 	NJ, NM, PA, UT & WA	 	Issued:  1,000	 	 
	 
	 	 	 	 	 	Energizer Holdings, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	Eveready de Chile S.A.
	 	Chile	 	 	 	Authorized: 5,391,107	 	 
	 
	 	 	 	 	 	Issued: 5,391,107	 	 
	 
	 	 	 	 	 	5,344,280 shares, Energizer
International, Inc.	 	 
	 
	 	 	 	 	 	46,827 shares, Energizer Argentina S.A.	 	 
	 
	 	 	 	 	 	 	 	 
	Eveready de Colombia, S.A.
	 	Colombia	 	 	 	Authorized:  500,000,000	 	 
	 
	 	 	 	 	 	Issued:  4,067,802	 	 
	 
	 	 	 	 	 	3,727,802 shares - Energizer
International, Inc.	 	 
	 
	 	 	 	 	 	340,000 shares - Eveready Battery Co. Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	Eveready de Mexico S.A. de C.V.
	 	Mexico	 	 	 	Authorized:  162,389,756	 	 
	 
	 	 	 	 	 	Issued:  162,389,756	 	 
	 
	 	 	 	 	 	162,388,756 Shares - Energizer	 	 
	 
	 	 	 	 	 	International, Inc,.	 	 
	 
	 	 	 	 	 	1 Share — Eveready Battery Company, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	Eveready de Venezuela, C.A.
	 	Venezuela	 	 	 	Authorized:  16,434,448	 	 
	 
	 	 	 	 	 	Issued:  16,434,448	 	 
	 
	 	 	 	 	 	Tropria Holding B.V.	 	 
	 
	 	 	 	 	 	 	 	 
	Eveready Ecuador C.A.
	 	Ecuador	 	 	 	Authorized:  996,186,100	 	 
	 
	 	 	 	 	 	Issued:  996,186,100	 	 
	 
	 	 	 	 	 	Energizer International, Inc.: 996,183,600	 	 
	 
	 	 	 	 	 	Eveready Battery Co. Inc.: 2,500	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Interests in
	 	 	Jurisdictions	 	 	 	 	 	any Person
	 	 	of	 	 	 	Shares Authorized and Issued	 	not a
	Subsidiary Name/Federal Tax ID No.	 	Incorporation	 	Foreign Qualification	 	and Outstanding; Owner	 	Corporation
	Energizer Egypt S.A.E.
	 	Egypt	 	 	 	Authorized:  655,060	 	 
	 
	 	 	 	 	 	Issued:  655,060	 	 
	 
	 	 	 	 	 	458,689 shares - Energizer
International, Inc. (70.02%)	 	 
	 
	 	 	 	 	 	 	 	 
	Eveready Hong Kong Company
	 	Hong Kong	 	 	 	50/50 Partnership between Sonca Products	 	Wholly-owned Partnership
	 
	 	 	 	 	 	Limited & Energizer Hong Kong Limited	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer NZ Limited
	 	New Zealand	 	 	 	Authorized:  2,000,000	 	 
	 
	 	 	 	 	 	Issued:  2,000,000	 	 
	 
	 	 	 	 	 	Energizer International, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Singapore Pte. Ltd.
	 	Singapore	 	 	 	Authorized:  1,000,000	 	 
	 
	 	 	 	 	 	Issued:  700,000	 	 
	 
	 	 	 	 	 	Energizer Asia Investments Pte. Ltd. (100%)	 	 
	 
	 	 	 	 	 	 	 	 
	PT Energizer Indonesia
	 	Indonesia	 	 	 	Authorized:  23,000 shares	 	 
	 
	 	 	 	 	 	Issued:  23,000 shares	 	 
	 
	 	 	 	 	 	Energizer International, Inc. (80%) P.T.	 	 
	 
	 	 	 	 	 	Bintang Niaga Sukses (20%) (held in trust)	 	 
	 
	 	 	 	 	 	(Energizer International, Inc. 100% beneficial owner)	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Group Belgium N.V.
	 	Belgium	 	 	 	Authorized and issued: 38,412 shares	 	 
	 
	 	 	 	 	 	38,405 shares - Energizer International, Inc.	 	 
	 
	 	 	 	 	 	7 shares — Eveready Battery Co., Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Deutschland G.m.b.H. & Co. KG
	 	Germany	 	 	 	Authorized and issued: Euro 1,650,000	 	Limited Partnership
	 
	 	 	 	 	 	1,649,800 Euros Energizer
International, Inc.	 	 
	 
	 	 	 	 	 	200 Euros Energizer SA	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Management Holding
	 	Germany	 	 	 	Authorized:  Euro 25,000	 	 
	Verwaltungs GmbH
	 	 	 	 	 	Issued:  Euro 25,000	 	 
	 
	 	 	 	 	 	Energizer International, Inc. 2 shares:	 	 
	 
	 	 	 	 	 	Euro 500 and Euro 24,500	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Finanzierungs GbR
	 	Germany	 	 	 	Contributions: $1,000,000 Energizer
Holdings, Inc.: $900,000 Energizer Group, Inc.: $100,000	 	Wholly-owned Partnership
	 
	 	 	 	 	 	 	 	 
	Energizer Group France SAS
	 	France	 	 	 	Authorized: 620,000	 	 
	 
	 	 	 	 	 	Issued:  620,000	 	 
	 
	 	 	 	 	 	Energizer International, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Czech spol. sr.o.
	 	Czech Republic	 	 	 	Authorized:  100,000,000 CZK	 	 
	 
	 	 	 	 	 	Issued: 100,000,000  CZK	 	 
	 
	 	 	 	 	 	Energizer International, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Financial Service Centre Ltd.
	 	UK	 	 	 	Authorized:  50,000	 	 
	 
	 	 	 	 	 	Issued:  50,000	 	 
	 
	 	 	 	 	 	Energizer Holdings UK Co Limited	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Argentina S.A.
	 	Argentina	 	 	 	Authorized:  262,369,483	 	 
	 
	 	 	 	 	 	Issued:  262,369,483	 	 
	 
	 	 	 	 	 	Energizer International, Inc. — 236,105,962	 	 
	 
	 	 	 	 	 	Eveready Battery Co., Inc. —   26,263,521	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer do Brasil Ltda.*
	 	Brazil	 	 	 	Authorized:  45,098,050 quotas	 	 
	 
	 	 	 	 	 	Issued:  45,098,050 quotas	 	 
	 
	 	 	 	 	 	Energizer International, Inc. 45,098,049	 	 
	 
	 	 	 	 	 	Eveready Battery Company, Inc. 1 quota	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Interests in
	 	 	Jurisdictions	 	 	 	 	 	any Person
	 	 	of	 	 	 	Shares Authorized and Issued	 	not a
	Subsidiary Name/Federal Tax ID No.	 	Incorporation	 	Foreign Qualification	 	and Outstanding; Owner	 	Corporation
	Energizer Trust Limited
	 	UK	 	 	 	Authorized:  100	 	 
	 
	 	 	 	 	 	Issued:  2	 	 
	 
	 	 	 	 	 	Energizer Holdings UK Co  Limited (100%)	 	 
	 
	 	 	 	 	 	 	 	 
	Sonca Products Limited
	 	Hong Kong	 	 	 	Authorized:  120,000	 	 
	 
	 	 	 	 	 	Issued:  117,000	 	 
	 
	 	 	 	 	 	Energizer Cayman Islands, Ltd.	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Receivables Funding
	 	Delaware	 	Missouri	 	Authorized:  1,000	 	 
	Corporation/ 43-1883142
	 	 	 	 	 	Issued:  100	 	 
	 
	 	 	 	 	 	Energizer Battery, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	Schick & Energizer Perú S.A.
	 	Peru	 	 	 	Authorized:  81,947	 	 
	 
	 	 	 	 	 	Issued: 81,947	 	 
	 
	 	 	 	 	 	Energizer International, Inc.  81,946	 	 
	 
	 	 	 	 	 	Eveready Ecuador C.A. 1 share	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer
	 	Delaware	 	Qualified in AK, GA,	 	Authorized:  100	 	 
	Battery
	 	 	 	CA, PA, HI, TN, FL,	 	Issued:  100	 	 
	Manufacturing, Inc./ 01-0758278
	 	 	 	MO, OH, VT, NC & TX	 	Eveready Battery Company, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	EnergizerBattery, Inc./ 01-0758270
	 	Delaware	 	Qualified in all US states incl. DC	 	Authorized:  100 
Issued:  100	 	 
	 
	 	 	 	 	 	Playtex Products, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	COREPILE S.A. **
	 	France	 	 	 	Authorized:  2,500	 	 
	 
	 	 	 	 	 	Issued:  2,500	 	 
	 
	 	 	 	 	 	Energizer Group France - 500  (20%)	 	 
	 
	 	 	 	 	 	 	 	 
	ECOBAT s.r.o **
	 	Czech Republic	 	 	 	Capitalization: CZK 300,000	 	 
	 
	 	 	 	 	 	Energizer Czech Spol. sr.o.:  CZK 50,000	 	 
	 
	 	 	 	 	 	(16.66%)	 	 
	 
	 	 	 	 	 	 	 	 
	ECOPILHAS LDA. **
	 	Portugal	 	 	 	Capitalization:  60,000 Euros	 	 
	 
	 	 	 	 	 	Energizer SA — 10,000 Euros (16.66%)	 	 
	 
	 	 	 	 	 	 	 	 
	REBA Organizacja Odzysku S.A. **
	 	Poland	 	 	 	Authorized: 1,000,000 shares	 	 
	 
	 	 	 	 	 	Issued: 1,000,000 shares	 	 
	 
	 	 	 	 	 	Energizer Polska sp. zo.o  - 250,000 (25%)	 	 
	 
	 	 	 	 	 	 	 	 
	RE’LEM Public Benefit Co. **
	 	Hungary	 	 	 	Non-profit battery recycling entity	 	 
	 
	 	 	 	 	 	Energizer Hungary Trading Ltd. (33.3%)	 	 
	 
	 	 	 	 	 	 	 	 
	Schick Manufacturing, Inc./ 83-0348512
	 	Delaware	 	Qualified in CT, IL,	 	Authorized: 100 shares	 	 
	 
	 	 	 	PA, AZ, CA, GA, NJ,	 	Issued: 100 shares	 	 
	 
	 	 	 	TN, TX, VA & WI	 	Eveready Battery Company, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer-Schick Taiwan Ltd./82-0589265
	 	Delaware	 	Qualified in Taiwan	 	Authorized: 100 
shares Issued: 100 

shares Energizer International, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Group, Inc./06-1680607
	 	Delaware	 	 	 	Authorized: 1,000 
Issued: 1,000 
Energizer Holdings, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Cayman Islands Ltd.
	 	Cayman Islands	 	 	 	Authorized: 50,000 
Issued: 1,001 

shares to Energizer International, Inc. (100%)	 	 
	 
	 	 	 	 	 	 	 	 
	Schick Cayman Islands, Ltd.
	 	Cayman Islands	 	 	 	Authorized: 50,000	 	 
	 
	 	 	 	 	 	Issued: 1 share to	 	 
	 
	 	 	 	 	 	Energizer Cayman Islands Ltd.	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Interests in
	 	 	Jurisdictions	 	 	 	 	 	any Person
	 	 	of	 	 	 	Shares Authorized and Issued	 	not a
	Subsidiary Name/Federal Tax ID No.	 	Incorporation	 	Foreign Qualification	 	and Outstanding; Owner	 	Corporation
	Schick Egypt LLC
	 	Egypt	 	 	 	Authorized and Issued:  500 Quotas	 	 
	 
	 	 	 	 	 	400 Quotas (80%) — Energizer
International, Inc.	 	 
	 
	 	 	 	 	 	100 Quotas (20%) — Eveready Battery
Company, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	Schick Japan K.K.
	 	Japan	 	 	 	Authorized: 800	 	 
	 
	 	 	 	 	 	Issued: 500	 	 
	 
	 	 	 	 	 	Energizer International, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Investments U.K. Limited
	 	United Kingdom	 	 	 	Authorized: 2 
Issued: 2 
shares to Energizer International, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Asia Investments Pte. Ltd.
	 	Singapore	 	 	 	Authorized: 300,000,000	 	 
	 
	 	 	 	 	 	Issued: 2 shares	 	 
	 
	 	 	 	 	 	Energizer Cayman Islands Ltd. (100%	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Group Austria Handels GmbH
	 	Austria	 	 	 	Authorized: 50,000 Euros	 	 
	 
	 	 	 	 	 	Issued: one share interest (50,000 Euros)	 	 
	 
	 	 	 	 	 	Wilkinson Sword GmbH	 	 
	 
	 	 	 	 	 	 	 	 
	Wilkinson Sword GmbH
	 	Germany	 	 	 	Registered Capital: One share	 	 
	 
	 	 	 	 	 	(Euro 1,025,000) held by Energizer	 	 
	 
	 	 	 	 	 	Deutschland GmbH & Co., KG	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Group Holland B.V.
	 	Netherlands	 	 	 	Authorized: 2,000 shares	 	 
	 
	 	 	 	 	 	Issued: 400 shares	 	 
	 
	 	 	 	 	 	Wilkinson Sword GmbH(100%)	 	 
	 
	 	 	 	 	 	 	 	 
	Schick Asia Limited
	 	Hong Kong	 	 	 	Ordinary Shares Authorized: 5,944	 	 
	 
	 	 	 	 	 	Issued: 5,600	 	 
	 
	 	 	 	 	 	Schick Cayman Islands Ltd.: 5,600 (100%)	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	Preferred Authorized: 5,600	 	 
	 
	 	 	 	 	 	Issued: 0	 	 
	 
	 	 	 	 	 	 	 	 
	Schick (Guangzhou) Company Ltd.
	 	China	 	 	 	Authorized and Issued:	 	 
	 
	 	 	 	 	 	US$7,500,000 (Fully paid up)	 	 
	 
	 	 	 	 	 	Schick Asia Limited (100%)	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Group Portugal Unipessoal, Lda
	 	Portugal	 	 	 	Authorized: 400,000 Euros	 	 
	 
	 	 	 	 	 	Issued: 400,000 Euros (3 shares)	 	 
	 
	 	 	 	 	 	Wilkinson Sword GmbH	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Group España S.A.
	 	Spain	 	 	 	Authorized:  262,071	 	 
	 
	 	 	 	 	 	Issued:  262,071	 	 
	 
	 	 	 	 	 	Wilkinson Sword GmbH	 	 
	 
	 	 	 	 	 	 	 	 
	Wilkinson Sword Limited
	 	United Kingdom	 	 	 	Ordinary Shares Authorized:
6,350,000 
Issued: 6,350,000 
Energizer Holdings UK Co Limited	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	Ordinary “A” Shares Authorized: 19,882,283	 	 
	 
	 	 	 	 	 	Issued: 19,882,283	 	 
	 
	 	 	 	 	 	Energizer Holdings UK Co Limited	 	 
	 
	 	 	 	 	 	 	 	 
	Wilkinson Sword Tras Urunleri Ticarat
	 	Turkey	 	 	 	Ordinary Authorized: 228,840	 	 
	Limited Sirketi *
	 	 	 	 	 	Issued: 228,840	 	 
	 
	 	 	 	 	 	Wilkinson Sword GmbH: 228,839 shares	 	 
	 
	 	 	 	 	 	Energizer Deutschland G.m.b.H. & Co. KG: 1	 	 
	 
	 	 	 	 	 	share	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Interests in
	 	 	Jurisdictions	 	 	 	 	 	any Person
	 	 	of	 	 	 	Shares Authorized and Issued	 	not a
	Subsidiary Name/Federal Tax ID No.	 	Incorporation	 	Foreign Qualification	 	and Outstanding; Owner	 	Corporation
	Energizer Group Dominican Republic S.A
	 	Dominican Republic	 	 	 	Ordinary Authorized: 1000	 	 
	 
	 	 	 	 	 	Issued: 1000	 	 
	 
	 	 	 	 	 	Energizer International, Inc.: 890	 	 
	 
	 	 	 	 	 	Eveready Battery Co. Inc.: 105	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Group Sweden AB
	 	Sweden	 	 	 	Ordinary Authorized: 1 share	 	 
	 
	 	 	 	 	 	Issued: 1 share	 	 
	 
	 	 	 	 	 	Energizer International, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	Eveready Battery Company, Inc. is the sole	 	Limited Liability
	Playtex Products, LLC/ 26-3324835
	 	Delaware	 	 	 	managing member.	 	Company
	 
	 	 	 	 	 	 	 	 
	Playtex Manufacturing, Inc./51-0369884
	 	Delaware	 	AL, FL, GA, NV,

 NJ, NY, OH & VA	 	Authorized: 100 shares of common
stock, par value $.01	 	 
	 
	 	 	 	 	 	Issued: 100 shares	 	 
	 
	 	 	 	 	 	Playtex Products, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	Sun Pharmaceuticals LLC/ 26-3700969
	 	Delaware	 	 	 	Playtex Products, LLC is the sole
managing member.	 	Limited Liability
	 
	 	 	 	 	 	 	 	Company
	 
	 	 	 	 	 	 	 	 
	Playtex Investment Corp.51-0312688
	 	Delaware	 	 	 	Authorized: 1,000 shares of common
stock, par value $.01	 	 
	 
	 	 	 	 	 	Issued: 1,000 shares	 	 
	 
	 	 	 	 	 	Playtex Products, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	Smile-Tote, Inc./95-4048687
	 	California	 	 	 	Authorized: 10,000 shares of common
stock, no par value	 	 
	 
	 	 	 	 	 	Issued: 1,000 shares	 	 
	 
	 	 	 	 	 	Playtex Products, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	Carewell Industries, Inc./11-2967533
	 	New York	 	Florida	 	Authorized: 200 shares, no par value	 	 
	 
	 	 	 	 	 	Issued: 130.2 shares	 	 
	 
	 	 	 	 	 	Playtex Products, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	Playtex
Marketing Corporation/51-0313757	 	Delaware	 	New York	 	Authorized: 500 shares of Class A
common stock, par	 	 
	 
	 	 	 	 	 	value $.01 and 500 shares of	 	 
	 
	 	 	 	 	 	Class B common stock, par value $.01	 	 
	 
	 	 	 	 	 	Issued: 1,000	 	 
	 
	 	 	 	 	 	Playtex Products, LLC — 500	 	 
	 
	 	 	 	 	 	shares of Class B common stock	 	 
	 
	 	 	 	 	 	HBI Branded Apparel Enterprises, LLC — 500	 	 
	 
	 	 	 	 	 	shares of Class A common stock	 	Joint Venture
	 
	 	 	 	 	 	 	 	 
	Tanning Research Laboratories, LLC/26-3701119	 	Delaware	 	 	 	Playtex Products, LLC is the sole
managing member.	 	Limited Liability
	 
	 	 	 	 	 	 	 	Company
	 
	 	 	 	 	 	 	 	 
	Hawaiian Tropic Europe, Inc./59-3286689
	 	Florida	 	(Ireland branch)	 	Authorized: 1,000 shares of common stock,	 	 
	 
	 	 	 	 	 	par value $1.00	 	 
	 
	 	 	 	 	 	Issued: 981.36 shares	 	 
	 
	 	 	 	 	 	Playtex Products, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	TH Marketing Corp./51-0316823
	 	Delaware	 	 	 	Authorized: 1,000 shares of common stock,	 	 
	 
	 	 	 	 	 	par value $.01	 	 
	 
	 	 	 	 	 	Issued: 1,000 shares	 	 
	 
	 	 	 	 	 	Playtex Products, LLC	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Interests in
	 	 	Jurisdictions	 	 	 	 	 	any Person
	 	 	of	 	 	 	Shares Authorized and Issued	 	not a
	Subsidiary Name/Federal Tax ID No.	 	Incorporation	 	Foreign Qualification	 	and Outstanding; Owner	 	Corporation
	AFIS, S.A.**
	 	Greece	 	 	 	Non-profit battery recycling entity	 	 
	 
	 	 	 	 	 	Authorized:  150,000	 	 
	 
	 	 	 	 	 	Issued:  150,000	 	 
	 
	 	 	 	 	 	Energizer Hellas S.A.:  60,000 (40%)	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Group do Brasil Importação,
	 	Brazil	 	 	 	Capitalization: 3,708,050 Reais	 	 
	Exportação e Comercialização
	 	 	 	 	 	3,708,049 quotas  for	 	 
	Ltda.
	 	 	 	 	 	Energizer International, Inc.	 	 
	 
	 	 	 	 	 	1 quota for	 	 
	 
	 	 	 	 	 	Eveready Battery Company, Inc.	 	 
	 
	 	 	 	 	 	(none issued)	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Group Panama Inc.
	 	Panama	 	 	 	Capitalization: US$20,000	 	 
	 
	 	 	 	 	 	200 nominative shares issued to Energizer International, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Group Venezuela, C.A.
	 	Venezuela	 	 	 	Authorized: 1,000 shares	 	 
	 
	 	 	 	 	 	Issued:  1,000 shares to	 	 
	 
	 	 	 	 	 	Tropria Holding B.V.	 	 
	 
	 	 	 	 	 	 	 	 
	Tropria Holding B.V.
	 	Netherlands	 	 	 	Capitalization: 90,000 Euros	 	 
	 
	 	 	 	 	 	Energizer International, Inc.: 18,000 Euros	 	 
	 
	 	 	 	 	 	 	 	 
	American Safety Razor Australia Pty
	 	Australia	 	 	 	Authorized: Not designated	 	 
	Limited
	 	 	 	 	 	Issued:  1 share	 	 
	 
	 	 	 	 	 	Energizer Holdings, Inc. (100%)	 	 
	 
	 	 	 	 	 	 	 	 
	American Safety Razor do Brasil, Ltda.
	 	Brazil	 	 	 	5,000 quotas Authorized and Issued
4,999 quotas — Energizer International, Inc.	 	 
	 
	 	 	 	 	 	1 quota — Eveready Battery Company, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	American Safety Razor of Canada ULC
	 	Canada	 	 	 	Authorized: not designated	 	 
	 
	 	 	 	 	 	Issued:  62 shares	 	 
	 
	 	 	 	 	 	Energizer Holdings, Inc. (100%)	 	 
	 
	 	 	 	 	 	 	 	 
	ASR Exportacao, Importacao, Comercio e Industria de Produtos de Barbear Ltda.
	 	Brazil	 	 	 	Authorized and Issued: 10,000
quotas 

9,999 quotas to Energizer International, Inc.	 	 
	 
	 	 	 	 	 	1 quota to Eveready Battery Company, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	Personna International CZ s.r.o.
	 	Czech Republic	 	 	 	Capital: 200,000CZK fully paid	 	 
	 
	 	 	 	 	 	Personna International UK Ltd. (100%)	 	 
	 
	 	 	 	 	 	 	 	 
	ASR Israel Holding Company Ltd.
	 	Israel	 	 	 	Authorized:  10,000	 	 
	 
	 	 	 	 	 	Issued: 100	 	 
	 
	 	 	 	 	 	Energizer Holdings, Inc. (100%)	 	 
	 
	 	 	 	 	 	 	 	 
	Personna Industrial UK Limited
	 	United Kingdom	 	 	 	Authorized: 1,000	 	 
	 
	 	 	 	 	 	Issued: 1	 	 
	 
	 	 	 	 	 	Personna International UK Limited (100%)	 	 
	 
	 	 	 	 	 	 	 	 
	Personna International de Mexico, S.A.
	 	Mexico	 	 	 	Authorized and Issued:  20,000	 	 
	de C.V.
	 	 	 	 	 	19,980 - Energizer Holdings, Inc. 20 - Personna International Limited	 	 
	 
	 	 	 	 	 	 	 	 
	Personna International Israel Ltd.
	 	Israel	 	 	 	Authorized:  128,000	 	 
	 
	 	 	 	 	 	Issued:  28,006	 	 
	 
	 	 	 	 	 	Energizer Holdings, Inc. (100%)	 	 
	 
	 	 	 	 	 	 	 	 
	Personna International Limited
	 	Barbados	 	 	 	Authorized:  710,000	 	 
	 
	 	 	 	 	 	Issued: 5,000	 	 
	 
	 	 	 	 	 	Energizer Holdings, Inc. (100%)	 	 
	 
	 	 	 	 	 	 	 	 
	Personna International UK Limited
	 	United Kingdom	 	 	 	Authorized and Issued:  15,000	 	 
	 
	 	 	 	 	 	Energizer Holdings, Inc. (100%)	 	 

 

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Interests in
	 	 	Jurisdictions	 	 	 	Shares Authorized and Issued	 	any Person
	 	 	of	 	 	 	 	 	not a
	Subsidiary Name/Federal Tax ID No.	 	Incorporation	 	Foreign Qualification	 	and Outstanding; Owner	 	Corporation
	Wolco Holland B.V.
	 	Netherlands	 	 	 	Authorized: 1000	 	 
	 
	 	 	 	 	 	Issued: 400	 	 
	 
	 	 	 	 	 	Personna International UK Limited (100%)	 	 
	 
	 	 	 	 	 	 	 	 
	Importadora Energizer, C.A.
	 	Venezuela	 	 	 	Authorized and Issued:  50,000	 	 
	 
	 	 	 	 	 	49,000 to Energizer Group Venezuela C.A.	 	 
	 
	 	 	 	 	 	1,000 to Eveready de Venezuela C.A.	 	 
	 
	 	 	 	 	 	 	 	 
	Importadora Eveready, C.A.
	 	Venezuela	 	 	 	Authorized and Issued:  50,000	 	 
	 
	 	 	 	 	 	49,000 to Energizer Group Venezuela C.A.	 	 
	 
	 	 	 	 	 	1,000 to Eveready de Venezuela C.A.	 	 
	 
	 	 	 	 	 	 	 	 
	Importadora Schick, C.A.
	 	Venezuela	 	 	 	Authorized and Issued:  50,000	 	 
	 
	 	 	 	 	 	49,000 to Energizer Group Venezuela C.A.	 	 
	 
	 	 	 	 	 	1,000 to Eveready de Venezuela C.A.	 	 
	 
	 	 	 	 	 	 	 	 
	Schick de Venezuela, C.A.
	 	Venezuela	 	 	 	Authorized and Issued:  50,000	 	 
	 
	 	 	 	 	 	49,000 to Energizer Group Venezuela C.A.	 	 
	 
	 	 	 	 	 	1,000 to Eveready de Venezuela C.A.	 	 
	 
	 	 	 	 	 	 	 	 
	EPC do Brasil Comercio, Exportacao e
	 	Brazil	 	 	 	Authorized and Issued:  1,000	 	 
	Importacao Ltda.
	 	 	 	 	 	999 to Energizer International, Inc.	 	 
	 
	 	 	 	 	 	1 to Eveready Battery Company, Inc.	 	 
	 
	 	 	 	 	 	 	 	 
	Energizer Personal Care, LLC/
	 	 	 	Qualified in all US	 	Energizer Battery, Inc. is the sole managing	 	Limited Liability
	26-3324763
	 	Delaware	 	States incl. DC	 	member	 	Company
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	Schick Manufacturing, Inc. is the sole	 	Limited Liability
	Energizer ASR, LLC/ 27-4118321
	 	Delaware	 	 	 	managing member	 	Company
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	Energizer Puerto Rico, Inc. is the sole	 	Limited Liability
	Energizer ASR (Puerto Rico), LLC
	 	Puerto Rico	 	 	 	managing member.	 	Company

Other than shares of Capital Stock of the Borrower which are granted under Borrower’s benefit
plans, there are no shares of Capital Stock of the Borrower or any of its subsidiaries that are
subject to any vesting, redemption or repurchase agreement and there are no warrants or options
outstanding with respect to such Capital Stock.

 

 

SCHEDULE 6.18

Environmental Matters

None

 

 

SCHEDULE 7.3(G)

Transactions with Shareholders and Affiliates

Noneexv10w2

Exhibit 10.2

EXECUTION COPY

AMENDMENT NO. 4

TO THIRD AMENDED AND RESTATED

RECEIVABLES PURCHASE AGREEMENT

          This Amendment No. 4 to Third Amended and Restated Receivables Purchase Agreement (this
“Amendment”) is entered into as of May 2, 2011, by and among Energizer Receivables Funding
Corporation, a Delaware corporation (“Seller”), Energizer Battery, Inc., a Delaware
corporation (“EBI”), as servicer (in such capacity, the “Servicer”) Energizer
Personal Care, LLC, a Delaware limited liability company (“EPC”), as sub-servicer (in such
capacity, the “Sub-Servicer” and, together with Seller and Servicer, the “Seller
Parties” and each a “Seller Party”), Three Pillars Funding LLC (“Three
Pillars”), as a conduit and a committed purchaser (in such capacity, a “Committed
Purchaser”), Gotham Funding Corporation (“Gotham”), Victory Receivables Corporation
(together with Three Pillars and Gotham, the “Conduits” and each, a “Conduit”), The
Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch (“BTMU”), as an agent (in such
capacity, an “Agent”), as a committed purchaser (in such capacity, a “Committed
Purchaser”) and as administrative agent for the Purchasers (as defined in the Purchase
Agreement (as defined below)) (in such capacity, the “Administrative Agent”), and SunTrust
Robinson Humphrey, Inc. (“STRH”), as an agent (in such capacity, an “Agent”).

RECITALS

          The Seller Parties, the Conduits, BTMU and STRH entered into that certain Third Amended and
Restated Receivables Purchase Agreement, dated as of May 4, 2009 (as amended, restated or otherwise
modified from time to time and in effect immediately prior to the date hereof, the “Purchase
Agreement”).

          Each of the parties hereto now desires to amend the Purchase Agreement upon the terms and
subject to the conditions set forth herein. Capitalized terms used herein and not otherwise
defined herein shall have the respective meanings set forth for such terms in (or by reference in)
the Purchase Agreement.

          In consideration of the premises, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

          Section 1. Amendments to the Purchase Agreement. The Purchase Agreement is hereby
amended as follows:

          (a) Section 3.1 of the Purchase Agreement is hereby amended by inserting the following
new sentence at the end thereof:

Seller acknowledges and agrees that any Purchaser or Agent, or any Affiliate
thereof, may from time to time (but without any obligation) purchase and
hold for any period Commercial Paper issued by any Conduit for its own
account, regardless of any difference between (i) the equivalent interest
rate for such Conduit’s CP Costs and (ii) the applicable

 

 

Discount Rate with respect to such Conduit’s Committed Purchaser, in each
case for any such applicable period.

          (b) Clauses (iii), (iv) and (v) of Section 9.1(f) of the
Purchase Agreement are hereby amended and restated in their entirety to read as follows:

(iii) any calendar month, the three month rolling average of the
Loss-to-Liquidation Ratio shall exceed 4.0%, (iv) any calendar month, the
three month rolling average of the Dilution Ratio shall exceed 28.0%, (v)
[reserved], and

          (c) Section 10.2 of the Purchase Agreement is hereby amended by adding the following
new paragraph at the end thereof:

     Without limiting the foregoing, if any Funding Source has or reasonably
anticipates having any claim for compensation from the Seller pursuant to
this Section 10.2 and having the facility provided for by such
Funding Source rated by a credit rating agency could reduce the amount of
such compensation (in such Funding Source’s reasonable discretion), such
Funding Source shall provide 30 days’ prior written notice to the Seller (a
“Rating Request”), which Rating Request shall specify the basis for
such claim, that such Funding Source or its designee intends to request a
rating of its related facility from a credit rating agency that is mutually
agreeable to such Funding Source, the Administrative Agent and the Servicer
(the agreement of the Servicer not to be unreasonably withheld, conditioned
or delayed). Each of the Seller and the Servicer agree that it shall
promptly (i) cooperate reasonably with such Funding Source’s efforts to
obtain and maintain such rating (including such efforts to make a full and
complete application for such rating), (ii) provide such credit rating
agency (either directly or through distribution to the Administrative Agent
or such Funding Source (with a copy to the Administrative Agent)), any
information requested by such credit rating agency reasonably necessary for
the purposes of its analysis of, or its providing or monitoring of such
rating, and (iii) comply with all requirements of the credit rating agency
with respect to such rating. The Seller shall pay all initial, ongoing and
renewal fees payable to such credit rating agency in connection with any
such rating or the monitoring thereof regardless of whether such rating is
obtained. The Seller and the Servicer shall also comply in all respects with
Rule 17g-5 of the Securities Exchange Act of 1934 in respect of such rating.
Nothing in this paragraph shall (A) preclude any Funding Source from
demanding compensation from the Seller in accordance with Article X
or otherwise at any time and without regard to whether any rating shall have
been obtained, or (B) require any Funding Source to obtain any rating on the
related facility prior to demanding any such compensation from the Seller.

2

 

          (d) The last sentence of Section 14.5(b) of the Purchase Agreement is hereby amended
by inserting the phrase “(including, without limitation, as contemplated by Rule 17g-5 of the
Securities Exchange Act of 1934)” immediately following the word “rule” therein.

          (e) The definition of “Aggregate Reserves” set forth in Exhibit I of the
Purchase Agreement is hereby amended and restated in its entirety to read as follows:

     “Aggregate Reserves” means, on any date of determination, the
greater of: (a) the sum of (i) the product of (A) the sum of the Loss
Reserve Floor and the Dilution Reserve Floor, multiplied by (B) the
Net Receivables Balance as of the close of business of the Servicer on such
date, plus (ii) the Yield and Servicer Reserve, and (b) the sum of
the Loss Reserve, the Yield and Servicer Reserve, and the Dilution Reserve.

          (f) The table set forth in the definition of “Concentration Limit” set forth in
Exhibit I of the Purchase Agreement is hereby amended by (i) changing the percentage used
to calculate the Special Concentration Limit for Wal-Mart Stores, Inc. from “30%” to “35%” and (ii)
adding the following new Special Concentration Limit to the end of such table:

	 	 	 	 	 

	The Kroger Co.

	 	6% of the aggregate Outstanding
Balance of all Eligible
Receivables at such time.
	 	A-2 by S&P and P-2
by
Moody’s

          (g) The definition of “Credit Memo Horizon Ratio” set forth in Exhibit I of
the Purchase Agreement is hereby amended by deleting the period at the end thereof and substituting
the following proviso therefor:

; provided, however, that this definition and the
calculation of the “Credit Memo Horizon Ratio” may be modified (the
“Credit Memo Horizon Ratio Adjustment”) at any time as requested by
the Administrative Agent with the consent of (or at the direction of) all
Purchasers based upon, or to better reflect the results set forth in, any
report or findings with respect to any audit of the Servicer undertaken
pursuant to Section 7.1(d) to the extent that such results (i)
relate to matters that could effect this definition or the components
thereof (including, without limitation, any change in the payment rates or
defaults of the Receivables, how quickly Credit Memos are issued with
respect to the Receivables or the terms of any Receivables) and (ii) are set
forth in a notice delivered to the Seller by the Administrative Agent at
least thirty (30) days prior to the implementation of such Credit Memo
Horizon Ratio Adjustment at the request of the Administrative Agent.

          (h) The definition of “Dilution Reserve” set forth in Exhibit I of the
Purchase Agreement is hereby amended and restated in its entirety to read as follows:

3

 

     “Dilution Reserve” means, on any date, an amount equal to the
product of (i) the sum of (A) the general ledger accrual balance of the
Transferors divided by the aggregate Outstanding Balance of all
Receivables plus (B) the Credit Memo Percentage multiplied
by (ii) the Net Receivables Balance as of the close of business of the
Transferors on such date, provided that the Dilution Reserve shall,
at no time, be less than $0.00.

          (i) Clause (iii) of the definition of “Eligible Receivable” set forth in
Exhibit I of the Purchase Agreement is hereby amended by deleting the number “90” therein
and substituting the number “91” therefor.

          (j) The definitions of “Facility Termination Date” and “Liquidity Termination
Date” set forth in Exhibit I of the Purchase Agreement are each hereby amended by
deleting the date “May 2, 2011” therein and substituting the date “May 2, 2014” therefor.

          (k) Clause (i) of the definition of “Loss Horizon Ratio” set forth in
Exhibit I of the Purchase Agreement is hereby amended and restated in its entirety to read
as follows:

(i) the sum of (A) the aggregate gross sales of the Transferors during the
four most recently ended calendar months, plus (B) one half of the
aggregate gross sales of the Transferors during the fifth most recently
ended calendar month, divided by

          (l) The definition of “Loss Percentage” set forth in Exhibit I of the Purchase
Agreement is hereby amended and restated in its entirety to read as follows:

     “Loss Percentage” means, at any time, a percentage equal to the
product of (i) two, multiplied by (ii) the Loss Ratio,
multiplied by (iii) the Loss Horizon Ratio.

          (m) The first sentence of the definition of “Yield and Servicer Reserve” set forth in
Exhibit I of the Purchase Agreement is hereby amended and restated in its entirety to read
as follows:

     “Yield and Servicer Reserve” means, on any date, an amount
equal to the product of (i) the sum of (A) (BTMU’s Prime Rate
multiplied by ADSO Reserve) divided by 360, and (B) (2.4%
multiplied by ADSO Reserve) divided by 360, multiplied
by (ii) the Net Receivables Balance as of the close of business of the
Servicer on such date.

          (n) Exhibit I of the Purchase Agreement is hereby amended by adding the following
definitions, in each case as alphabetically appropriate:

     “Dilution Reserve Floor” means 20%.

     “Moody’s” means Moody’s Investor Service, Inc. and its
successors.

4

 

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

          (o) Exhibit II of the Purchase Agreement is hereby replaced in its entirety with
Exhibit A attached hereto.

          (p) Exhibit XIII of the Purchase Agreement is hereby replaced in its entirety with
Exhibit B attached hereto.

          Section 2. Conditions to Effectiveness of this Amendment. This Amendment shall become
effective upon the satisfaction of the conditions precedent that each of the following clauses are
satisfied in form and substance satisfactory to the Administrative Agent and each Agent:

          (a) Amendment. The Administrative Agent and each Agent shall have received, on or
before the date hereof, executed counterparts of this Amendment, duly executed by each of the
parties hereto.

          (b) Fee Letter. The Administrative Agent and each Agent shall have received, on or
before the date hereof, executed counterparts of each Fee Letter to which it is a party and which
is entered into or amended or restated as of the date hereof, in each case duly executed by each of
the parties thereto.

          (c) Opinions. On or before the date hereof, the Administrative Agent and each Agent
shall have received one or more favorable corporate, enforceability and related opinions of Bryan
Cave LLP, counsel to each of the Seller Parties and the Provider (collectively with the Seller
Parties, the “Energizer Entities”), each in form and substance satisfactory to the
Administrative Agent, its counsel, Mayer Brown LLP, and each Agent.

          (d) Organizational Documents and Secretary’s Certificates. On or before the date
hereof, the Administrative Agent and each Agent shall have received each of the following:

(i) a copy of the Resolutions of the Board of Directors of each Energizer Entity,
certified by such Person’s respective Secretary, authorizing such Person’s
execution, delivery and performance of this Amendment, the Purchase Agreement and
the other Transaction Documents to which such Person is a party (as amended);

(ii) good standing certificates dated as of a recent date for each Energizer Entity
issued by the Secretary of State of such Person’s State of incorporation or
formation, as applicable; and

(iii) a certificate of the Secretary of each Energizer Entity certifying: (i) the
names and signatures of the representatives authorized on such Person’s behalf to
execute this Amendment and any other documents to be delivered by such Person in
connection herewith or with any other Transaction Document and (ii) a copy of such
Person’s organizational documents (including all amendments thereto).

5

 

          (e) Representations and Warranties. As of the date hereof, both before and after
giving effect to this Amendment and any Fee Letter entered into or amended or restated as of the
date hereof, all of the representations and warranties contained in the Purchase Agreement and in
each other Transaction Document, as applicable, shall be true and correct as though made on and as
of the date hereof (and by its execution hereof, each of the Energizer Entities shall be deemed to
have represented and warranted such). In addition, as of the date hereof, both before and after
giving effect to this Amendment and any Fee Letter entered into or amended or restated as of the
date hereof, each of the Energizer Entities represents and warrants that this Amendment constitutes
the legal, valid and binding obligations of such Energizer Entity, enforceable against such Person
in accordance with their respective terms, except as such enforcement may be limited by applicable
bankruptcy, insolvency, reorganization or other similar laws relating to or limiting creditors’
rights generally and by general principles of equity (regardless of whether enforcement is sought
in a proceeding in equity or at law).

          (f) No Amortization Event or Potential Amortization Event. As of the date hereof,
both before and after giving effect to this Amendment and any Fee Letter entered into or amended or
restated as of the date hereof, no Amortization Event or Potential Amortization Event shall have
occurred and be continuing (and by its execution hereof, each of Seller and EBI shall be deemed to
have represented and warranted such).

          (g) Payment of Fees. On or before the date hereof, Seller shall have paid all fees
required to be paid by it under any Transaction Document (including any entered into or amended or
restated as of the date hereof) in accordance with the terms thereof.

          Section 3. Miscellaneous.

          (a) Effect; Ratification. The amendments set forth herein are effective solely for
the purposes set forth herein and shall be limited precisely as written, and shall not be deemed to
(i) be a consent to, or an acknowledgement of, any amendment, waiver or modification of any other
term or condition of the Purchase Agreement or any other Transaction Document or of any other
instrument or agreement referred to therein or (ii) prejudice any right or remedy which the
Administrative Agent, any Agent or any Purchaser may now have or may have in the future under or in
connection with the Purchase Agreement, as amended hereby, or any other instrument or agreement
referred to therein. Each reference in the Purchase Agreement to “this Agreement,” “herein,”
“hereof’ and words of like import and each reference in the other Transaction Documents to the
“Third Amended and Restated Receivables Purchase Agreement,” the “Receivables Purchase Agreement”
or the “Purchase Agreement” shall mean the Purchase Agreement, as amended hereby. This Amendment
shall be construed in connection with and as part of the Purchase Agreement and all terms,
conditions, representations, warranties, covenants and agreements set forth in the Purchase
Agreement and each other instrument or agreement referred to therein, except as herein amended, are
hereby ratified and confirmed and shall remain in full force and effect.

          (b) Transaction Documents. This Amendment is a Transaction Document executed pursuant
to the Purchase Agreement and shall be construed, administered and applied in accordance with the
terms and provisions thereof.

6

 

          (c) Costs, Fees and Expenses. Seller agrees to reimburse the Administrative Agent,
each Agent and each Committed Purchaser upon demand for all of the Administrative Agent’s, such
Agent’s and such Committed Purchaser’s reasonable costs, fees and expenses incurred in connection
with the preparation, execution and delivery of this Amendment (including the reasonable fees and
expenses of counsel to the Administrative Agent, such Agent or such Committed Purchaser).

          (d) Counterparts. This Amendment may be executed in any number of counterparts, each
such counterpart constituting an original and all of which when taken together shall constitute one
and the same instrument.

          (e) Severability. Any provision contained in this Amendment which is held to be
inoperative, unenforceable or invalid in any jurisdiction shall, as to that jurisdiction, be
inoperative, unenforceable or invalid without affecting the remaining provisions of this Amendment
in that jurisdiction or the operation, enforceability or validity of such provision in any other
jurisdiction.

          (f) GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE INTERNAL LAWS (AND NOT THE LAW OF CONFLICTS) OF THE STATE OF NEW YORK.

          (g) CONSENT TO JURISDICTION. EACH SELLER PARTY HEREBY IRREVOCABLY SUBMITS TO THE
NON-EXCLUSIVE JURISDICTION OF ANY UNITED STATES FEDERAL OR NEW YORK STATE COURT SITTING IN THE
BOROUGH OF MANHATTAN, NEW YORK, NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO
THIS AMENDMENT OR ANY DOCUMENT EXECUTED BY SUCH PERSON PURSUANT TO THIS AMENDMENT, AND EACH SELLER
PARTY HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY BE
HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY OBJECTION THAT IT MAY NOW OR
HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT OR
THAT SUCH COURT IS AN INCONVENIENT FORUM. NOTHING HEREIN SHALL LIMIT THE RIGHT OF THE
ADMINISTRATIVE AGENT, ANY AGENT OR ANY COMMITTED PURCHASER TO BRING PROCEEDINGS AGAINST ANY SELLER
PARTY IN THE COURTS OF ANY OTHER JURISDICTION. ANY JUDICIAL PROCEEDING BY ANY SELLER PARTY AGAINST
THE ADMINISTRATIVE AGENT, ANY AGENT OR ANY COMMITTED PURCHASER OR ANY AFFILIATE OF THE
ADMINISTRATIVE AGENT, ANY AGENT OR ANY COMMITTED PURCHASER INVOLVING, DIRECTLY OR INDIRECTLY, ANY
MATTER IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH THIS AMENDMENT OR ANY DOCUMENT
EXECUTED BY SUCH SELLER PARTY PURSUANT TO THIS AMENDMENT SHALL BE BROUGHT ONLY IN A COURT IN THE
BOROUGH OF MANHATTAN, NEW YORK, NEW YORK.

          (h) Successors and Assigns. This Amendment shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and permitted assigns.

7

 

[Signature pages to follow]

8

 

          IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered
by their respective duly authorized officers as of the date hereof.

	 	 	 	 	 
	 	ENERGIZER RECEIVABLES FUNDING

CORPORATION

 	 
	 	By:  	/s/ William C. Fox
 	 
	 	 	Name:  	William C. Fox 	 
	 	 	Title:  	Vice President and Treasurer 	 
	 
	 	ENERGIZER BATTERY, INC.

 	 
	 	By:  	/s/ William C. Fox
 	 
	 	 	Name:  	William C. Fox 	 
	 	 	Title:  	Vice President and Treasurer 	 
	 
	 	ENERGIZER PERSONAL CARE, LLC

 	 
	 	By:  	/s/ William C. Fox
 	 
	 	 	Name:  	William C. Fox 	 
	 	 	Title:  	Vice President and Treasurer 	 
	 

Energizer — 

Amendment No. 4 to
3rd A&R RPA

S-1

 

	 	 	 	 	 
	 	THREE PILLARS FUNDING LLC

 	 
	 	By:  	/s/ Doris J. Hearn
 	 
	 	 	Name:  	Doris J. Hearn 	 
	 	 	Title:  	Vice President 	 
	 

Energizer — 

Amendment No. 4 to
3rd A&R RPA

S-2

 

	 	 	 	 	 
	 	GOTHAM FUNDING CORPORATION

 	 
	 	By:  	/s/ David V. DeAngelis
 	 
	 	 	Name:  	David V. DeAngelis 	 
	 	 	Title:  	Vice President 	 
	 
	 	VICTORY RECEIVABLES CORPORATION

 	 
	 	By:  	/s/ David V. DeAngelis
 	 
	 	 	Name:  	David V. DeAngelis 	 
	 	 	Title:  	Vice President 	 
	 

Energizer — 

Amendment No. 4 to
3rd A&R RPA

S-3

 

	 	 	 	 	 
	 	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
 NEW YORK BRANCH, as
Administrative Agent

 	 
	 	By:  	/s/ Aditya Reddy
 	 
	 	 	Name:  	Aditya Reddy 	 
	 	 	Title:  	Managing Director 	 
	 
	 	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
 NEW YORK BRANCH, as
an Agent

 	 
	 	By:  	/s/ Aditya Reddy
 	 
	 	 	Name:  	Aditya Reddy 	 
	 	 	Title:  	Managing Director 	 
	 
	 	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
 NEW YORK BRANCH, as a
Committed Purchaser

 	 
	 	By:  	/s/ Thomas Danielson
 	 
	 	 	Name:  	Thomas Danielson 	 
	 	 	Title:  	Authorized Signatory 	 
	 

Energizer — 

Amendment No. 4 to
3rd A&R RPA

S-4

 

	 	 	 	 	 
	 	SUNTRUST ROBINSON HUMPHREY, INC.,

as an Agent

 	 
	 	By:  	/s/ Emily Shields
 	 
	 	 	Name:  	Emily Shields 	 
	 	 	Title:  	Vice President 	 
	 

Energizer — 

Amendment No. 4 to
3rd A&R RPA

S-5

 

	 	 	 	 	 
	 	Consented to and reaffirming its 
Obligations
under (and as defined in) the
 Performance
Undertaking:

ENERGIZER HOLDINGS, INC.

 	 
	 	By:  	/s/ William C. Fox
 	 
	 	 	Name:  	William C. Fox 	 
	 	 	Title:  	VP, Treasurer 	 
	 

Energizer — 

Amendment
No. 4 to
3rd A&R RPA

S-6

 

EXHIBIT A

EXHIBIT II

FORM OF PURCHASE NOTICE

[Date]

The Bank of Tokyo-Mitsubishi UFJ. Ltd.,

New York Branch, as an Agent

1251 Avenue of the Americas

New York, New York 10020

SunTrust Robinson Humphrey, Inc.,

as an Agent

303 Peachtree Street NE

24th Floor, MC3950

Atlanta, Georgia 30308

With a copy to:

The Bank of Tokyo-Mitsubishi UFJ. Ltd.,

New York Branch, as an Administrative Agent

1251 Avenue of the Americas

New York, New York 10020

Re: PURCHASE NOTICE

	Ladies and Gentlemen:

     Reference is hereby made to the Third Amended and Restated Receivables Purchase Agreement,
dated as of May 4, 2009 (as amended), by and among Energizer Receivables Funding Corporation, a
Delaware corporation (the “Seller”), Energizer Battery, Inc., as Servicer, Energizer
Personal Care, LLC, as Sub-Servicer, the Committed Purchasers, Three Pillars Funding LLC,
(“Three Pillars”), Gotham Funding Corporation (“Gotham”), Victory Receivables
Corporation (“Victory”) (Three Pillars, Gotham and Victory each a “Conduit”),
SunTrust Robinson Humphrey, Inc., as an Agent, and The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York
Branch, as Administrative Agent and as an Agent (as amended, restated and modified from time to
time, the “Receivables Purchase Agreement”). Capitalized terms used herein shall have the
meanings assigned to such terms in the Receivables Purchase Agreement.

     The Agents are hereby notified of the following proposed Incremental Purchase:

	 	 	 	 	 

	Purchase Price:

	 	 	$	 
	 
	 	 	 	 
	Date of Incremental
Purchase:
	 	 	 	 

Exh. II-2

 

	 	 	 

	Requested Discount Rate (if 

applicable):

	 	[LIBO Rate] [Alternate Base Rate] [N/A]
	 
	 	 
	Requested Tranche Period (if 

applicable):
	 	 

     Each Conduit Group’s respective aggregate Capital following such proposed Incremental Purchase
shall be as follows:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Prior Capital	 	 	Purchase Price	 	 	Capital	 
	Conduit Group	 	(a)	 	 	(b)	 	 	(a+b)	 
	Gotham and Victory
	 	 	 	 	 	 	 	 	 	 	 	 
	Three Pillars
	 	 	 	 	 	 	 	 	 	 	 	 
	Total
	 	 	 	 	 	 	 	 	 	 	 	 

     Please credit the Purchase Price in immediately available funds to our Facility Account on the
above-specified date of purchase to:

[Account Name]

[Account No.]

[Bank Name & Address]

[ABA #]

Reference:

Telephone advice to: [Name] @ tel. No. ( )

     Please advise [Name] at telephone no ( ) if any Conduit will not be making this purchase.

     In connection with the Incremental Purchase to be made on the above listed “Date of
Incremental Purchase” (the “Purchase Date”), the Seller hereby certifies that the following
statements are true on the date hereof, and will be true on the Purchase Date (before and after
giving effect to the proposed Incremental Purchase):

     (i) the representations and warranties of each Seller Party set forth in Section
5.1 of the Receivables Purchase Agreement are true and correct on and as of the
Purchase Date as though made on and as of such date;

     (ii) no event has occurred and is continuing, or would result from the proposed
Incremental Purchase, that will constitute an Amortization Event or a Potential
Amortization Event;

Exh. II-3

 

     (iii) the Facility Termination Date has not occurred, the Aggregate Capital does not
exceed the Purchase Limit and the aggregate Purchaser Interests do not exceed 100%; and

     (iv) the amount of Aggregate Capital is $________ after giving effect to the
Incremental Purchase to be made on the Purchase Date.

	 	 	 	 	 
	 	Very truly yours,

ENERGIZER RECEIVABLES FUNDING CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

Exh. II-4

 

	 	 	 	 	 

EXHIBIT B

EXHIBIT XIII

FORM OF REDUCTION NOTICE

[Date]

The Bank of Tokyo-Mitsubishi UFJ, Ltd.,

New York Branch, as an Agent

1251 Avenue of the Americas

New York, New York 10020

SunTrust Robinson Humphrey, Inc.,

as an Agent

303 Peachtree Street NE

24th Floor, MC3950

Atlanta, Georgia 30308

With a copy to:

The Bank of Tokyo-Mitsubishi UFJ, Ltd.,

New York Branch, as Administrative Agent

1251 Avenue of the Americas

New York, New York 10020

Re: REDUCTION NOTICE

Ladies and Gentlemen:

          Reference is hereby made to the Third Amended and Restated Receivables Purchase Agreement,
dated as of May 4, 2009 (as amended), by and among Energizer Receivables Funding Corporation, a
Delaware corporation (the “Seller”), Energizer Battery, Inc., as Servicer, Energizer
Personal Care, LLC, as Sub-Servicer, the Committed Purchasers, Three Pillars Funding LLC,
(“Three Pillars”), Gotham Funding Corporation (“Gotham”), Victory Receivables
Corporation (“Victory”) (Three Pillars, Gotham and Victory each a “Conduit”),
SunTrust Robinson Humphrey, Inc., as an Agent, and The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York
Branch, as Administrative Agent and as an Agent (as amended, restated and modified from time to
time, the “Receivables Purchase Agreement”). Capitalized terms used herein shall have the
meanings assigned to such terms in the Receivables Purchase Agreement.

     The Agents are hereby notified of the following proposed reduction of Aggregate Capital from
Collections:

	 	 	 

	Aggregate Reduction:

	 	$____________________

Exh. XIII-1

 

	 	 	 

	Proposed Reduction Date:
	 	 

     Each Conduit Group’s respective aggregate Capital following such proposed reduction
shall be as follows:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Prior Capital	 	 	Capital Reduction	 	 	Capital	 
	Conduit Group	 	(a)	 	 	(b)	 	 	(a-b)	 
	Gotham and Victory
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Three Pillars
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Total
	 	 	 	 	 	 	 	 	 	 	 	 

	 	 	 	 	 
	 	Very truly yours,

ENERGIZER RECEIVABLES FUNDING
 CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Exh. XIII-2

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