Document:

EX-10.1

 

Exhibit 10.1

General Release & Severance Agreement

     This General Release and Severance Agreement (“General Release Agreement”) is made and entered into
between Poe A. Timmons (“Associate”) and Tween Brands, Inc. (the “Company”).

	 	 	 	WHEREAS, the parties wish to terminate their employment relationship and wish to fully
dispose of any and all claims of whatever kind or nature which Associate ever had or may
now have against the Company
	 
	 	 	 	WHEREAS, in consideration of the termination benefits outlined in the Separation Pay,
Confidentiality & Non-Competition Agreement between Too, Inc. and Poe A. Timmons dated June
10, 2005 (“Separation Pay Agreement”), and by signing this General Release Agreement, the
parties agree as follows:

	 	1.	 	Associate has resigned as an officer of the Company and it subsidiaries and
affiliates as of the close of business August 18, 2006 (“Separation Date”).

	 	2.	 	In consideration for signing this General Release Agreement, the Company agrees to
pay Associate termination benefits in accordance with the terms of the Separation Pay
Agreement for a termination without cause as set forth in Paragraph 4 and all other
relevant provisions of the Separation Pay Agreement. Pursuant to Paragraph 4 of the
Separation Pay Agreement, Company shall pay Associate eleven thousand nine hundred
twenty-three and 7/100 dollars ($11,923.07), (current rate) minus the deductions required
by law (including applicable withholding), on a bi-weekly basis for a period beginning
on the first normal pay period after this General Release Agreement becomes irrevocable in
accordance with Paragraph 19, below, and ending after the Associate has received a
total of twenty-six (26) such payments over a period of fifty-two (52) weeks, or the date
the Associate is employed (including self-employed) at an equivalent rate of pay,
whichever occurs first. If the Associate obtains employment (including self-employment)
at a lower rate of pay, she will continue to receive the differential between the two
rates of pay for the balance of the fifty-two (52) weeks. Associate also agrees to
immediately inform the Senior Vice President, Human Resources if Associate accepts
employment or begins self-employment during the fifty-two (52) week period of salary
payments, so that the referenced deductions can be made

	 	3.	 	The Company agrees to pay the Associate upon the date this General Release Agreement
becomes irrevocable, all vacation entitlement that is currently earned, but unused.

	 	4.	 	The Company agrees to pay the Associate, upon the date this General Release Agreement
becomes irrevocable, her full incentive compensation for the Spring 2006 Season pursuant
to the Company’s Incentive Compensation Plan.

	 	5.	 	The Company will provide the COBRA continuation of benefits at our costs (no cost to
Associate) for up to a total of fifty-two (52) weeks, or the first day of eligibility of
insurance with another employer, whichever is earliest.

	 	6.	 	The Company agrees to pay the cost of outplacement services up to an amount not to
exceed five thousand and 00/100 dollars ($5,000.00). These services will be offered only
through a provider previously approved by the Company. The cost of any outplacement
services will be reimbursed directly by the Company to the provider. This enhanced
benefit is not reimbursable to the associate.

	 	7.	 	Too, Inc. Savings and Retirement Plan vested balances may remain in, be transferred
from, or paid to you in accordance with laws and regulations governing 401(k) plans.

	 	8.	 	The Associate will have 90 days from the Separation Date to exercise any vested, but
unexercised options, as allowed by the Stock Option and Performance Incentive Plan.

Page 1 of 3

 

	 	  9.	 	Neither the Associate nor any officer, director or any authorized spokesperson of the
Company shall state or otherwise publish anything about the other party which would
adversely affect the reputation, image or business relationships and goodwill of the other
party in its/her market and community at large.

	 	10.	 	The sums of money and conditions set forth as specified in paragraphs (1), (2), (3),
(4), (5), (6) and (7) of the General Release Agreement represent any and all termination
pay, back pay, wages, vacation pay, damages (liquidated or unliquidated), benefits,
attorneys’ fees, costs, interest or other monies to which Associate may now be entitled
from the Company.

	 	11.	 	Associate agrees to make herself available for testimony at any proceeding and/or
consultation with the Company’s attorneys, and to cooperate fully during any investigation
with respect to any pending or future litigation that involves the Company. The Company
agrees to pay in full all reasonable expenses associated therewith.

	 	12.	 	This General Release Agreement does not prevent the Associate from filing for
unemployment compensation benefits.

	 	13.	 	Except for her rights under this General Release Agreement, the Associate acquits,
releases and forever discharges, the Company, its affiliates, and all of their past,
present and future officers, directors, agents, employees and shareholders, of and from
all, and in all manner of, actions and causes of action, suits, debts, claims and demands
whatsoever, in law or in equity, which she ever had or may now have, through the date of
Associate’s execution of this General Release Agreement, with respect to any aspect of her
employment by, or termination of employment from, the Company and with respect to any
other agreement, under other federal, state or local law with respect to age, race, sex,
and other forms of employment discrimination, breach of contract, tort or other federal,
state and local laws relating to employment and its termination.

	 	14.	 	Except for its rights under this General Release Agreement, the Company acquits,
releases and forever discharges the Associate of and from all, and in all manner of,
actions and causes of action, suits, debts, claims and demands whatsoever, in law or in
equity, which it ever had or may now have, through the date of Associate’s execution of
this General Release Agreement, with respect to any aspect of Associate’s employment by,
or termination of employment from, the Company.

	 	15.	 	Associate hereby certifies that she is not aware of any control weakness, compliance
issue or accounting issues that have not been previously disclosed to the Company’s Chief
Executive Officer and/or its Chief Operating Officer or have been specifically identified
and recognized as an issue in the Sarbanes-Oxley Section 404 process.

	 	16.	 	Associate agrees to refrain from divulging (directly or indirectly) to any person or
entity, in any manner whatsoever, information concerning any matters affecting or relating
to the operations, business or personnel of the Company or any of its affiliated companies
except insofar as she is required to testify as a witness in a response to a subpoena and
then only to the extent required by law. This does not prohibit the Associate from
divulging information currently available in the public domain.

	 	17.	 	Until August 18, 2007, Associate will not, directly or indirectly, work for or
contribute to the efforts of any of the following competitors of the Company: abercrombie
kids, Children’s Place Retail Stores, Inc., Gap Kids, Gymboree Corp., Delias, Claire’s
Stores, Inc., or any other business either now in formation but unknown to the Company or
yet to be formed that sells apparel to girls between the ages of 7 – 14.

	 	18.	 	Associate agrees to return all Company property within five (5) days of the
execution of this General Release Agreement, including but not limited to all
documents explaining Company policies and procedures and personnel-related documents on
other associates.

	 	19.	 	The parties agree that if the terms are acceptable, the Associate has twenty-one (21)
days from her date of receipt to sign this General Release Agreement. Associate
understands

Page 2 of 3

 

	 	  	 	that she should discuss any concerns she may have with her lawyer before executing this
General Release Agreement. By law, after Associate signs this General Release Agreement
she has seven (7) days from that date in which she can change her mind and revoke it. To
revoke this General Release Agreement, Associate must deliver a written revocation to the
Senior Vice President, Human Resources at Tween Brands, Inc., 8323 Walton Parkway, New
Albany, OH 43054 by 5:00 p.m. on or before the seventh day following the date the Associate
signs this General Release Agreement.

	 	20.	 	Associate and Company agree that this General Release Agreement is intended to avoid
all litigation relating to Associate’s employment with the Company and Associate’s
separation therefrom; therefore, it is not to be considered as the Company’s admission of
liability to Associate – liability which the Company denies, nor is it intended to be an
admission by Associate of any liability or wrongdoing of Associate – liability which
Associate denies.

	 	21.	 	This General Release Agreement may not be changed orally and this General Release
Agreement contains the entire agreement of the Parties with respect to the subject matter
hereof and, with the exception of Paragraphs (1), (2) and (3) of the Separation Pay
Agreement (which provisions are hereby incorporated by reference), supersedes all prior
agreements and understandings, oral or written, between the Associate and the Company.

	 	22.	 	This General Release Agreement will be governed and interpreted in accordance with
Ohio law.

	 	23.	 	WHEREFORE, the parties hereto have read all of the foregoing, understand the same,
have had an opportunity to review it with legal counsel, if any, and agree to all of the
provisions contained herein.

	 	 	 	 	 	 
	Tween Brands, Inc.	 	 
	 
	 	 	 	 
	By:

	 	/s/ Ron Sykes
	 	8/29/06
	 

	 	 
	 	 
	 

	 	Ron Sykes

Senior Vice President, Human Resources
	 	Date of Agreement Execution

Signature below must be executed in the presence of Notary.

	 	 	 	 	 	 	 	 
	By

	 	 /s/ Poe Allison
Timmons   
	 	Agreed and accepted as of
	 	    8/28/06    
	 

	 	 	 	 	 	Date
	 
	 	 	 	 	 	 
	State of

	 	   Ohio   	 	 	 	 
	 
	 	 	 	 	 	 
	County of

	 	  Franklin  	 	 	 	 

Sworn
to and subscribed before me this    
28th
   day of   August  ,
  Patricia Thompson   My commission expires:   9/2/08  

Page 3 of 3exv4w1

 

EXHIBIT 4.1

Execution Copy

 

 

CREDIT AGREEMENT

Dated
as of MAY 31, 2006

among

TELVENT TRAFFIC NORTH AMERICA INC.

and

LASALLE BANK NATIONAL ASSOCIATION

 

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page
	 
	 	 	 	 	 	 
	ARTICLE I DEFINITIONS	 	 	1	 
	1.01

	 	Certain Defined Terms
	 	 	1	 
	1.02

	 	Other Interpretive Provisions
	 	 	14	 
	1.03

	 	Accounting Principles
	 	 	15	 
	ARTICLE II THE CREDIT	 	 	15	 
	2.01

	 	Amounts and Term of Commitment
	 	 	15	 
	2.02

	 	Notes
	 	 	15	 
	2.03

	 	Procedure for Borrowing
	 	 	15	 
	2.04

	 	Conversion and Continuation Elections
	 	 	16	 
	2.05

	 	Reserved
	 	 	17	 
	2.06

	 	Optional Prepayments
	 	 	17	 
	2.07

	 	Repayment
	 	 	17	 
	2.08

	 	Interest
	 	 	17	 
	2.09

	 	Closing Fee
	 	 	18	 
	2.10

	 	Computation of Fees and Interest
	 	 	18	 
	2.11

	 	Payments by the Borrower
	 	 	18	 
	ARTICLE III YIELD PROTECTION AND ILLEGALITY	 	 	19	 
	3.01

	 	Illegality
	 	 	19	 
	3.02

	 	Increased Costs and Reduction of Return
	 	 	19	 
	3.03

	 	Funding Losses
	 	 	20	 
	3.04

	 	Inability to Determine Rates
	 	 	20	 
	3.05

	 	Reserves on LIBOR Loans
	 	 	21	 
	3.06

	 	Certificates of Lender
	 	 	21	 
	3.07

	 	Survival
	 	 	21	 
	ARTICLE IV CONDITIONS PRECEDENT	 	 	21	 
	4.01

	 	Conditions of Initial Loans
	 	 	21	 
	4.02

	 	Conditions to All Credit Extensions
	 	 	22	 
	ARTICLE V REPRESENTATIONS AND WARRANTIES	 	 	23	 
	5.01

	 	Enterprise Existence and Power
	 	 	23	 
	5.02

	 	Corporate Authorization; No Contravention
	 	 	23	 
	5.03

	 	Governmental Authorization
	 	 	24	 

-i- 

 

TABLE OF CONTENTS

(continued)

	 	 	 	 	 	 	 
	 	 	 	 	Page
	 
	 	 	 	 	 	 
	5.04

	 	Binding Effect
	 	 	24	 
	5.05

	 	Litigation
	 	 	24	 
	5.06

	 	No Default
	 	 	24	 
	5.07

	 	ERISA Compliance
	 	 	24	 
	5.08

	 	Use of Proceeds; Margin Regulations
	 	 	25	 
	5.09

	 	Title to Properties
	 	 	25	 
	5.10

	 	Taxes
	 	 	25	 
	5.11

	 	Financial Condition
	 	 	25	 
	5.12

	 	Environmental Matters
	 	 	26	 
	5.13

	 	Regulated Entities
	 	 	26	 
	5.14

	 	No Burdensome Restrictions
	 	 	27	 
	5.15

	 	Subsidiaries and Affiliates
	 	 	27	 
	5.16

	 	Insurance
	 	 	27	 
	5.17

	 	Solvency
	 	 	27	 
	5.18

	 	Swap Obligations
	 	 	27	 
	5.19

	 	Tax Shelter Registration
	 	 	27	 
	5.20

	 	Full Disclosure
	 	 	27	 
	ARTICLE VI AFFIRMATIVE COVENANTS	 	 	27	 
	6.01

	 	Corporate Existence, Etc
	 	 	28	 
	6.02

	 	Insurance
	 	 	28	 
	6.03

	 	Taxes, Claims for Labor and Materials, Compliance with Laws
	 	 	28	 
	6.04

	 	Maintenance, Etc
	 	 	28	 
	6.05

	 	Nature of Business
	 	 	29	 
	6.06

	 	ERISA Liabilities; Employee Plans
	 	 	29	 
	6.07

	 	Reports and Rights of Inspection
	 	 	29	 
	6.08

	 	Tax Shelter Registration
	 	 	31	 
	6.09

	 	Anti-Terrorism Law
	 	 	32	 
	6.10

	 	Rank of Obligations Hereunder
	 	 	33	 
	ARTICLE VII NEGATIVE COVENANTS	 	 	33	 
	7.01

	 	Limitations on Debt
	 	 	33	 

-ii- 

 

TABLE OF CONTENTS

(continued)

	 	 	 	 	 	 	 
	 	 	 	 	Page
	 
	 	 	 	 	 	 
	7.02

	 	Limitation on Liens
	 	 	33	 
	7.03

	 	Permitted Investments
	 	 	34	 
	7.04

	 	Mergers, Consolidations and Sales of Assets
	 	 	36	 
	7.05

	 	Guaranties
	 	 	36	 
	7.06

	 	Transactions with Affiliates
	 	 	36	 
	7.07

	 	Termination of Pension Plans
	 	 	37	 
	7.08

	 	Reserved
	 	 	37	 
	7.09

	 	Use of Proceeds
	 	 	37	 
	ARTICLE VIII FINANCIAL COVENANTS	 	 	37
	8.01
	 	Leverage	 	 	37	 
	8.02

	 	Interest Coverage
	 	 	37	 
	ARTICLE IX EVENTS OF DEFAULT	 	 	37	 
	9.01

	 	Event of Default
	 	 	37	 
	9.02

	 	Remedies
	 	 	39	 
	9.03

	 	Rights Not Exclusive
	 	 	39	 
	ARTICLE X MISCELLANEOUS	 	 	39	 
	10.01

	 	Amendments and Waivers	 	 	39	 
	10.02

	 	Notices
	 	 	39	 
	10.03

	 	No Waiver; Cumulative Remedies
	 	 	40	 
	10.04

	 	Costs and Expenses
	 	 	40	 
	10.05

	 	Borrower Indemnification
	 	 	40	 
	10.06

	 	Payments Set Aside
	 	 	41	 
	10.07

	 	Successors and Assigns
	 	 	41	 
	10.08

	 	Assignments, Participations, etc
	 	 	41	 
	10.09

	 	Set-off
	 	 	42	 
	10.10

	 	Counterparts
	 	 	42	 
	10.11

	 	Severability
	 	 	42	 
	10.12

	 	No Third Parties Benefited
	 	 	42	 
	10.13

	 	Governing Law and Jurisdiction
	 	 	43	 
	10.14

	 	Waiver of Jury Trial
	 	 	43	 

-iii- 

 

TABLE OF CONTENTS

(continued)

	 	 	 	 	 	 	 
	 	 	 	 	Page
	 
	 	 	 	 	 	 
	10.15

	 	Entire Agreement
	 	 	43	 
	10.16

	 	USA PATRIOT Act
	 	 	43	 

-iv- 

 

SCHEDULES

	 	 	 
	Schedule 5.12

	 	Environmental Matters
	Schedule 5.15

	 	Subsidiaries or Affiliates
	Schedule 7.01

	 	Existing Indebtedness
	Schedule 7.03

	 	Permitted Investments
	Schedule 10.02

	 	Notices

EXHIBITS

	 	 	 
	Exhibit A

	 	Pricing Schedule
	Exhibit B

	 	Form of Note
	Exhibit C

	 	Form of Compliance Certificate (Annual)
	Exhibit D

	 	Form of Compliance Certificate (Quarterly)
	Exhibit E

	 	Form of Notice of Borrowing
	Exhibit F

	 	Form of Notice of Conversion/Continuation

 

 

CREDIT AGREEMENT

     This
CREDIT AGREEMENT is entered into as of May 31, 2006 between TELVENT TRAFFIC NORTH
AMERICA INC., a Texas corporation (“Borrower”) and LASALLE BANK NATIONAL ASSOCIATION
(the “Lender”).

     WHEREAS, the Borrower has requested that the Lender make loans available to the
Borrower to finance Permitted Acquisitions on the terms and conditions set forth herein;

     WHEREAS, the Borrower and the Lender expect that the financing provided herein shall
function as bridge financing and that the Loan will ultimately be refinanced by permanent
financing not requiring credit support from the Parent;

     NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which
are hereby acknowledged, and in consideration of the mutual agreements, provisions and
covenants contained herein, the parties agree as follows:

ARTICLE I

DEFINITIONS

1.01 Certain Defined Terms. The following terms have the following meanings:

     “Acquired Subsidiary” shall mean any Person which either (i) becomes, after the
Closing Date, a Subsidiary through the direct or indirect purchase by the Borrower of all or
a portion of the Voting Stock of such Person, whether by merger, acquisition or otherwise or
(ii) is organized by the Borrower to acquire all or part of the property or operations of a
Person which is not on the Closing Date a Subsidiary.

     “Acquirer” shall mean either (a) one Person or (b) two or more Persons acting
as a partnership, limited partnership, company, syndicate or other group for the purpose of
acquiring, holding or disposing of Voting Stock, together with all affiliates and associates
(as defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended) of such
Persons.

     “Acquisition” shall mean any transaction, or any series of related
transactions, consummated on or after the Closing Date, by which the Borrower or any of its
Subsidiaries (a) acquires any going business or all or substantially all of the assets of
any firm, corporation or division thereof, whether through the purchase of assets or stock,
merger or otherwise, or (b) directly or indirectly acquires (in one transaction or as the
most recent transaction in a series of transactions) (i) securities of a corporation having
combined general voting power under ordinary circumstances to elect a majority of the board
of directors of such corporation, (ii) fifty percent (50%) or more of the management
authority and capital interest or profits interest of a partnership, limited partnership,
limited liability company, joint venture or similar entity, or (iii) fifty percent (50%) or
more of the beneficial interest of a trust, association or other unincorporated
organization.

     “Affiliate” shall mean, as to any Person, any other Person (i) which directly
or indirectly through one or more intermediaries controls, or is controlled by, or is under

1

 

common control with, such first Person, or (ii) which beneficially owns or holds 10% or
more of any class of the Voting Stock of such first Person. The term “control” means the
possession, directly or indirectly, of the power to direct or cause the direction of the
management and policies of a Person, whether through the ownership of Voting Stock, by
contract or otherwise.

     “Agreement” means this Credit Agreement.

     “Applicable Margin” means with respect to Loans of any Type and commitment
fees, the percentage rate per annum that is applicable at such time with respect to each
Loan as set forth on the Pricing Schedule attached hereto as Exhibit A.

     “Assignee” has the meaning specified in Subsection 10.08(a).

     “Attorney Costs” means and includes all reasonable fees and disbursements of
legal counsel.

     “Bankruptcy Code” means the Federal Bankruptcy Reform Act of 1978 (11 U.S.C.
§101, et seq.).

     “Base Rate” means, for any day, the rate of interest in effect for such day as
publicly announced from time to time by the Lender, or its parent, in Chicago, Illinois, as
its “prime rate.” (The “prime rate” is a rate set by the Lender based upon various factors
including the Lender’s costs and desired return, general economic conditions and other
factors, and is used as a reference point for pricing some loans, which may be priced at,
above, or below such announced rate.) Any change in the prime rate announced by the Lender
shall take effect at the opening of business on the day specified in the public announcement
of such change.

     “Base Rate Loan” means a Loan that bears interest based on the Base Rate.

     “Borrowing” means a borrowing hereunder consisting of Loans of the same Type
made to the Borrower on the same day by the Lender under Article II, and, other than in the
case of Base Rate Loans, having the same Interest Period.

     “Borrowing Date” means any date on which a Loan is disbursed.

     “Business Day” means any day other than a Saturday, Sunday or other day on
which commercial banks in Chicago, Illinois are authorized or required by law to close and,
if the applicable Business Day relates to any LIBOR Loan, means such a day on which dealings
are carried on in the London interbank market.

     “Capital Adequacy Regulation” means any guideline, request or directive of any
central bank or other Governmental Authority, or any other law, rule or regulation, whether
or not having the force of law, in each case, regarding capital adequacy of the Lender or of
any corporation controlling a bank.

     “Capitalized Rentals” of any Person shall mean, as of any date, the amount of
liabilities under all capitalized leases under which such Person is a lessee which would be
required to be capitalized on a consolidated balance sheet of such Person in accordance with
GAAP.

2

 

     “Change of Control” shall mean each and every issue, sale or other disposition
of shares of any class or classes of capital stock of the Borrower or Guarantor, whether by
means of an initial public offering or otherwise, which results in any Acquirer beneficially
owning or controlling, directly or indirectly, more than 50% (by number of votes) of the
Voting Stock of the Borrower or Guarantor.

     “Closing Date” means the date on which all conditions precedent set forth in
Section 4.01 are satisfied or waived by the Lender.

     “Code” means the Internal Revenue Code of 1986, and regulations promulgated
thereunder.

     “Commitment” has the meaning assigned thereto under Section 2.01.

     “Compliance Certificate” has the meaning specified in Section 6.07(f)
and which are substantially in the form of Exhibit C or D, as appropriate.

     “Computation Period” means each period of four consecutive fiscal quarters
ending on the last day of a fiscal quarter.

     “Consolidated Net Income” for any period shall mean the net income (loss) of
the Guarantor and its Subsidiaries for such period determined on a consolidated basis in
accordance with GAAP.

     “Contingent Obligation” means, as to any Person, any direct or indirect
liability of that Person, whether or not contingent, with or without recourse, (a) with
respect to any Indebtedness, lease, dividend, letter of credit or other obligation (the
“primary obligations”) of another Person (the “primary obligor”), including any obligation
of that Person (i) to purchase, repurchase or otherwise acquire such primary obligations or
any security therefor, (ii) to advance or provide funds for the payment or discharge of any
such primary obligation, or to maintain working capital or equity capital of the primary
obligor or otherwise to maintain the net worth or solvency or any balance sheet item, level
of income or financial condition of the primary obligor, (iii) to purchase property,
securities or services primarily for the purpose of assuring the owner of any such primary
obligation of the ability of the primary obligor to make payment of such primary obligation,
or (iv) otherwise to assure or hold harmless the holder of any such primary obligation
against loss in respect thereof (each, a “Guaranty Obligation”); (b) with respect to
any Surety Instrument issued for the account of that Person or as to which that Person is
otherwise liable for reimbursement of drawings or payments; (c) to purchase any materials,
supplies or other property from, or to obtain the services of, another Person if the
relevant contract or other related document or obligation requires that payment for such
materials, supplies or other property, or for such services, shall be made regardless of
whether delivery of such materials, supplies or other property is ever made or tendered, or
such services are ever performed or tendered, or (d) in respect of any Swap Contract. The
amount of any Contingent Obligation shall, in the case of Guaranty Obligations, be deemed
equal to the stated or determinable amount of the primary obligation in respect of which
such Guaranty Obligation is made or, if not stated or if indeterminable, the maximum
reasonably anticipated liability in respect thereof, and in the case of other Contingent
Obligations other than in respect of Swap Contracts, shall be equal to the

3

 

maximum reasonably anticipated liability in respect thereof and, in the case of
Contingent Obligations in respect of Swap Contracts, shall be equal to the Swap Termination
Value.

     “Contractual Obligation” means, as to any Person, any provision of any security
issued by such Person or of any agreement, undertaking, contract, indenture, mortgage, deed
of trust or other instrument, document or agreement to which such Person is a party or by
which it or any of its property is bound.

     “Conversion/Continuation Date” means any date on which, under Section
2.04, the Borrower (a) converts Loans of one Type to another Type, or (b) continues as
Loans of the same Type, but with a new Interest Period, such Loans having Interest Periods
expiring on such date.

     “Credit Extension” means the making of any Loans hereunder.

     “Credit Facilities” means this Agreement and any other loan or credit agreement
or other instrument or agreement regarding financial accommodations from or by a bank to or
for the benefit of the Borrower or a Subsidiary or Affiliate thereof hereafter entered into.

     “Debt” shall mean, with respect to any Person, without duplication, (a) all
Indebtedness of such Person for borrowed money, (b) all Capitalized Rentals of such Person,
and (c) all Guaranties by such Person of the Indebtedness of others of the types described
in clauses (a) and (b), in each case determined on a consolidated basis.

     “Default” means any event or circumstance which, with the giving of notice, the
lapse of time, or both, would (if not cured or otherwise remedied during such time)
constitute an Event of Default.

     “Disposal” means, with respect to any property of the Borrower, any direct or
indirect sale, conveyance, transfer, alienation, lease, irrevocable right of use, loan,
sale-and-repurchase, sale-leaseback or other transaction or arrangement as a result of which
the Borrower relinquishes all or substantially all marketable rights in and to such
property; and the verb “Dispose of” has a corresponding meaning.

     “Distributions” means, for any Computation Period, the aggregate of all
dividend payments or other distributions of assets, properties or cash by the Borrower or
any Subsidiary (excluding, however, all salaries and bonuses paid by the Borrower in the
ordinary course of business and that are reflected on the profit and loss statements of the
Borrower or any Subsidiary) during such period and any purchase, redemption or other
acquisition by the Borrower or any Subsidiary of any shares of its capital stock or any
warrants, rights or options to acquire such shares during such period.

     “Dollars”, “dollars” and “$” each mean lawful money of the United States.

     “EBITDA” means, in respect of any Person, Net Income, plus the sum of interest
expense, expenses for income taxes accrued, depreciation and amortization and, to the extent
included in Net Income, extraordinary losses and related tax benefits incurred other than in
the ordinary course of business, minus extraordinary gains and related tax charges realized

4

 

other than in the ordinary course of business, in each case calculated as at such date
of determination on a consolidated basis in accordance with GAAP.

     “Eligible Assignee” means (a) a commercial bank or other financial institution
organized under the laws of the United States, or any state thereof, and having a combined
capital and surplus of at least $100,000,000; (b) a commercial bank or other financial
institution organized under the laws of any other country which is a member of the
Organization for Economic Cooperation and Development (the “OECD”), or a political
subdivision of any such country, and having a combined capital and surplus of at least
$100,000,000,; (c) a Person that is primarily engaged in the business of commercial banking
and that is (i) a Subsidiary of the Lender, (ii) a Subsidiary of a Person of which the
Lender is a Subsidiary, or (iii) a Person of which the Lender is a Subsidiary; and (d) a
special purpose vehicle (e.g., corporation, trust, limited partnership) formed to receive
certain assets that serve as the basis of a securitization financing or that issues the
securities that are backed by the transferred assets.

     “Environmental Claims” means all claims, however asserted, by any Governmental
Authority or other Person alleging potential liability or responsibility for violation of
any Environmental Law.

     “Environmental Laws” means the Resource Conservation and Recovery Act (42 USC §
6901, et seq.), the Comprehensive Environmental Response, Compensation and Liability Act (42
USC § 9601, et seq.), the Hazardous Materials Transportation Act (49 USC §
1802, et seq.), the Toxic Substances Control Act (15 USC § 2601, et
seq.), the Clean Air Act (42 USC § 7401, et seq.), the Refuse Act
(33 USC § 407, et seq.), the National Environmental Policy Act (42 USC §
4231, et seq.), the Indoor Radon Abatement Act (P.L. 100-551), the Safe
Drinking Water Act (42 USC § 300[f], et seq.), the Clean Water Act (33 USC §
1251, et seq.), the regulations promulgated pursuant thereto and any other
law, constitution, statute, treaty, regulation, rule, ordinance, order, injunction, writ,
decree or award of any Governmental Authority relating to environmental matters.

     “ERISA” means the Employee Retirement Income Security Act of 1974, and
regulations promulgated thereunder.

     “ERISA Affiliate” means any trade or business (whether or not incorporated)
under common control with the Borrower within the meaning of Section 414(b) or (c) of the
Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section
412 of the Code) and which is subject to ERISA.

     “ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b)
a withdrawal by the Borrower or any ERISA Affiliate from a Pension Plan subject to Section
4063 of ERISA during a plan year in which it was a substantial employer (as defined in
Section 4001(a)(2) of ERISA) or a cessation of operations which is treated as such a
withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by the
Borrower or any ERISA Affiliate from a Multiemployer Plan or notification that a
Multiemployer Plan is in reorganization; (d) the filing of a notice of intent to terminate,
the treatment of a Plan amendment as a termination under Section 4041 or 4041A of ERISA, or
the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer
Plan; (e) an event or condition which might reasonably be expected to

5

 

constitute grounds under Section 4042 of ERISA for the termination of, or the
appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; or (f) the
imposition of any liability under Title IV of ERISA, other than PBGC premiums due but not
delinquent under Section 4007 of ERISA, upon the Borrower or any ERISA Affiliate.

     “Event of Default” means any of the events or circumstances specified in
Section 9.01.

     “Exchange Act” means the Securities Exchange Act of 1934, and regulations
promulgated thereunder.

     “FDIC” means the Federal Deposit Insurance Corporation, and any Governmental
Authority succeeding to any of its principal functions.

     “FRB” means the Board of Governors of the Federal Reserve System, and any
Governmental Authority succeeding to any of its principal functions.

     “GAAP” means generally accepted accounting principles set forth from time to
time in the opinions and pronouncements of the Accounting Principles Board and the American
Institute of Certified Public Accountants and statements and pronouncements of the Financial
Accounting Standards Board (or agencies with similar functions of comparable stature and
authority within the U.S. accounting profession), which are applicable to the circumstances
as of the Closing Date.

     “Governmental Authority” means any nation or government, any state or other
political subdivision thereof, any central bank (or similar monetary or regulatory
authority) thereof, any entity exercising executive, legislative, judicial, regulatory or
administrative functions of or pertaining to government, and any corporation or other entity
owned or controlled, through stock or capital ownership or otherwise, by any of the
foregoing.

     “Guarantor” means Parent and any Acquired Subsidiary.

     “Guaranty” of a Person means any agreement by which such Person assumes,
guarantees, endorses, contingently agrees to purchase or provide funds for the payment of,
or otherwise becomes liable upon, the obligation of any other Person, or otherwise assures
any creditor of such other Person against loss.

     “Guaranty Obligation” has the meaning specified in the definition of
“Contingent Obligation.”

     “Hazardous Substance” shall mean any hazardous, toxic or dangerous substance,
materials and wastes, including, without limitation, hydrocarbons (including naturally
occurring or man-made petroleum and hydrocarbons), flammable explosives, asbestos, urea
formaldehyde insulation, radioactive materials, biological substances, polychlorinated
biphenyls, pesticides, herbicides and any other kind and/or type of pollutants or
contaminants (including, without limitation, materials which include hazardous
constituents), sewage, sludge, industrial slag, solvents and/or any other similar
substances, materials or wastes that are or become regulated under, any Environmental Law
(including without limitation, any that are or become classified as hazardous or toxic under
any Environmental Law).

6

 

     “Indebtedness” shall mean, with respect to any Person, without duplication, all
obligations of such Person which in accordance with GAAP would be classified on a
consolidated balance sheet of such Person as liabilities of such Person, and in any event
shall include all (a) obligations of such Person for borrowed money or which have been
incurred in connection with the acquisition of property, (b) obligations secured by any Lien
upon property owned by such Person, even though such Person has not assumed or become liable
for the payment of such obligations, (c) obligations created or arising under any
conditional sale or other title retention agreement or incurred as financing with respect to
property acquired by such Person, notwithstanding the fact that the rights and remedies of
the seller, lender or lessor under such agreement in the event of default are limited to
repossession or sale of such property, (d) Capitalized Rentals and (e) Guaranties of
obligations of others of the character referred to in this definition; provided that
“Indebtedness” shall in any event exclude (i) any unfunded obligations of the Borrower with
respect to its retirement benefit plans, and (ii) any trade payables and expense accruals
incurred in the ordinary course of the business.

     “Indemnified Liabilities” has the meaning specified in Section 10.05.

     “Indemnified Person” has the meaning specified in Section 10.05.

     “Insolvency Proceeding” means, with respect to any Person, (a) any case, action
or proceeding with respect to such Person before any court or other Governmental Authority
relating to bankruptcy, reorganization, insolvency, liquidation, receivership, dissolution,
winding-up or relief of debtors, or (b) any general assignment for the benefit of creditors,
composition, marshalling of assets for creditors, or other, similar arrangement in respect
of its creditors generally or any substantial portion of its creditors; undertaken under
U.S. Federal, state or foreign law, including the Bankruptcy Code.

     “Interest Payment Date” means, (i) as to any Loan other than a Base Rate Loan,
the last day of each Interest Period applicable to such Loan, except, in the case of
an Interest Period of six (6) months, interest shall be due and payable on the day
numerically corresponding to three months from the commencement of such Interest Period (or
on the next succeeding Business Day if such date is not a Business Day) and thereafter on
the last day of such Interest Period, (ii) as to any Base Rate Loan, the last Business Day
of each calendar quarter, (iii) as to any Loan the date of any prepayment (in accordance
with this Agreement, by stated maturity, acceleration or otherwise), and (iv) as to any Loan
the Termination Date.

     “Interest Period” means, as to any LIBOR Loan, the period commencing on the
Borrowing Date of such Loan or on the Conversion/Continuation Date on which the Loan is
converted into or continued as a LIBOR Loan, and ending on the date one, two, three or six
months thereafter as selected by the Borrower in its Notice of Borrowing or Notice of
Conversion/Continuation;

     provided that:

     (i) if any Interest Period would otherwise end on a day that is not
a Business Day, that Interest Period shall be extended to the following Business Day
unless, in the case of a LIBOR Loan, the result of such extension would be to carry

7

 

such Interest Period into another calendar month, in which event such Interest
Period shall end on the preceding Business Day;

     (ii) any Interest Period pertaining to a LIBOR Loan that begins on
the last Business Day of a calendar month (or on a day for which there is no
numerically corresponding day in the calendar month at the end of such Interest
Period) shall end on the last Business Day of the calendar month at the end of such
Interest Period; and

     (iii) no Interest Period for any Loan shall extend beyond the
Termination Date.

     “Investments” shall mean all investments, in cash or by delivery of property,
made directly or indirectly in or on behalf of any Person, whether by acquisition of shares
of capital stock, Indebtedness or Securities or by loan, advance, capital contribution or
otherwise; provided, however, that “Investments” shall not mean or include
routine investments in property to be used or consumed in the ordinary course of business of
the Borrower and its Subsidiaries.

     “IRS” means the Internal Revenue Service, and any Governmental Authority
succeeding to any of its principal functions under the Code.

     “Joint Venture” means a single-purpose corporation, partnership, limited
liability company, joint venture or other similar legal arrangement (whether created by
contract or conducted through a separate legal entity) now or hereafter formed by the
Borrower or any of their Subsidiaries with another Person in order to conduct a common
venture or enterprise with such Person.

     “Lender” means LaSalle Bank National Association, a national banking
association.

     “LIBOR” shall mean a rate of interest equal to (a) the per annum rate of
interest at which United States dollar deposits for a period equal to the relevant Interest
Period are offered in the London Interbank Eurodollar market at 11:00 a.m. (London time) two
Business Days prior to the commencement of such Interest Period (or three Business Days
prior to the commencement of such Interest Period if banks in London, England were not open
and dealing in offshore United States dollars on such second preceding Business Day), as
displayed in the Bloomberg Financial Markets system (or other authoritative source selected
by the Lender in its sole discretion), divided by (b) a number determined by subtracting
from 1.00 the then stated maximum reserve percentage for determining reserves to be
maintained by member banks of the Federal Reserve System for eurocurrency funding or
liabilities as defined in Regulation D of the FRB (or any successor category of liabilities
under Regulation D), or as LIBOR is otherwise determined by the Lender in its sole and
absolute discretion. The Lender’s determination of LIBOR shall be conclusive, absent
manifest error.

     “LIBOR Loan” means a Loan that bears interest at a rate based upon LIBOR.

     “Lien” shall mean any interest in property securing an obligation owed to, or a
claim by, a Person other than the owner of the property, whether such interest is based on
the common law, statute or contract, and including but not limited to the security interest
lien arising from a mortgage, deed of trust, encumbrance, pledge, hypothecation, charge or

8

 

deposit arrangement, conditional sale, lien (statutory or other) or trust receipt or a
lease, consignment or bailment for security purposes, interest of a lessor under a capital
lease or any financing lease having similar economic effect as any of the foregoing. The
term “Lien” shall include reservations, exceptions, encroachments, easements, rights-of-way,
covenants, conditions, restrictions, leases and other title exceptions and encumbrances
(including, with respect to stock, stockholder agreements, voting trust agreements, buy-back
agreements and all similar arrangements) affecting property. For the purposes of this
Agreement, the Borrower or a Subsidiary shall be deemed to be the owner of any property
which it has acquired or holds subject to a conditional sale agreement, Capitalized Lease or
other arrangement pursuant to which title to the property has been retained by or vested in
some other Person for security purposes and such retention or vesting shall constitute a
Lien.

     “Loan” means an extension of credit in the form of a loan by Lender to the
Borrower under Article II, and may be a Base Rate Loan or a LIBOR Loan (each, a
“Type” of Loan).

     “Loan Documents” means this Agreement, the Note, each Guaranty entered into by
Guarantor or any present or future Subsidiary or Affiliate of the Borrower and all other
documents delivered to the Lender in connection with the transactions contemplated by this
Agreement.

     “Margin Stock” means “margin stock” as such term is defined in Regulation T, U
or X of the FRB.

     “Material Adverse Effect” means (a) a material adverse change in, or a material
adverse effect upon, the operations, business, properties, condition (financial or
otherwise) or prospects of the Borrower, the Guarantor and their respective Subsidiaries
taken as a whole; (b) a material impairment of the ability of the Borrower or the Guarantor
to perform under any Loan Document and to avoid any Event of Default; or (c) a material
adverse effect upon the legality, validity, binding effect or enforceability of any Loan
Document.

     “Multiemployer Plan” means a “multiemployer plan”, within the meaning of
Section 4001(a)(3) of ERISA, to which the Borrower or any ERISA Affiliate makes, is making,
or is obligated to make contributions or, during the preceding three calendar years, has
made, or been obligated to make, contributions.

     “Net Debt” means, in respect of any Person on a consolidated basis, Debt less
the sum of cash and Investments described in Sections 7.03(c)-(i).

     “Note” means the promissory note of the Borrower payable to the order Lender
substantially in the form of Exhibit B attached hereto (as such promissory note may
be amended, endorsed, or otherwise modified from time to time), evidencing the Indebtedness
of the Borrower to the Lender resulting from outstanding Loans, and also means all other
promissory notes accepted from time to time in substitution therefor or renewal thereof;
“Notes” means collectively all such promissory notes.

     “Notice of Borrowing” means a notice in substantially the form of Exhibit
E.

     “Notice of Conversion/Continuation” means a notice in substantially the form of
Exhibit F.

9

 

     “Obligations” means all advances, debts, liabilities, obligations, covenants
and duties arising under any Loan Document owing by the Borrower to the Lender or any
Indemnified Person, whether direct or indirect (including those acquired by assignment),
absolute or contingent, due or to become due, now existing or hereafter arising.

     “Organization Documents” means, for any corporation, the certificate or
articles of incorporation, the bylaws, any certificate of determination or instrument
relating to the rights of preferred shareholders of such corporation, any shareholder rights
agreement, and all applicable resolutions of the board of directors (or any committee
thereof), powers of attorney or other analogous action of such corporation.

     “Parent” means Telvent GIT, S.A., a company organized under the laws of Spain.

     “Participant” has the meaning specified in Subsection 10.08(d).

     “PBGC” means the Pension Benefit Guaranty Corporation, or any Governmental
Authority succeeding to any of its principal functions under ERISA.

     “Pension Plan” means a pension plan (as defined in Section 3(2) of ERISA)
subject to Title IV of ERISA which the Borrower sponsors, maintains, or to which it makes,
is making, or is obligated to make contributions, or in the case of a multiple employer plan
(as described in Section 4064(a) of ERISA) has made contributions at any time during the
immediately preceding five (5) plan years.

     “Permitted Acquisition” shall mean an Acquisition directly funded with the
proceeds of one or more Loans as reasonably determined by the Borrower that satisfies each
of the following conditions:

     (a) the assets so acquired are employed, or, if such Acquisition is structured as a
purchase of Securities, the Person so acquired presently conducts its business, in the same
industry or a related industry, or in the same or related lines of business now conducted by
the Parent and its Subsidiaries;

     (b) at the time of such Acquisition, no Event of Default exists or would be caused by
the consummation thereof;

     (c) the Borrower shall have furnished to the Lender pro forma financial statements
demonstrating that after giving effect to such Acquisition, on a pro forma basis, as of and
recomputed for the most recently ended fiscal quarter prior to the consummation of such
Acquisition, the Parent shall remain in compliance with the financial covenants set forth
in Sections 8.01 and 8.02 hereto the completeness and accuracy of which shall be certified
by a Responsible Officer;

     (d) the Acquired Subsidiary shall have positive EBITDA for the twelve months ended
on the date of the Acquisition;

10

 

     (e) the Borrower shall contribute equity from its own funds toward the
financing of the Permitted Acquisition in an amount equal to at least 30% of the aggregate
consideration payable by the Borrower and its Subsidiaries in relation to such Permitted
Acquisition;

     (f) after giving effect to such Acquisition, the assets so acquired or the Person so
acquired, as the case may be, will be owned directly by the Borrower or a Wholly-owned
Subsidiary of the Borrower; and

     (g) the Acquired Subsidiary shall enter into a Guaranty in favor of the Lender in
respect of the Loans at the time of such Acquisition.

     “Permitted Swap Obligations” means all obligations (contingent or otherwise) of
the Borrower or any Subsidiary existing or arising under Swap Contracts with the Lender,
provided that such obligations are (or were) entered into by such Person in the ordinary
course of business for the purpose of directly mitigating risks of interest rate
fluctuations.

     “Person” means an individual, partnership, corporation, limited liability
company, business trust, joint stock Borrower, trust, unincorporated association, joint
venture or Governmental Authority.

     “Plan” means an employee benefit plan (as defined in Section 3(3) of ERISA)
which the Borrower sponsors or maintains or to which the Borrower makes, is making, or is
obligated to make contributions and includes any Pension Plan.

     “Pricing Schedule” means the Pricing Schedule attached hereto and identified as
such Exhibit A.

     “Purchase Money Liens” shall mean Liens given to secure the payment of (a) the
purchase price of capital stock of any Subsidiary or (b) the purchase price or cost incurred
in connection with the acquisition or construction of fixed assets useful and intended to be
used in carrying on the business of the Borrower or a Subsidiary, including Liens existing
on such fixed assets at the time of acquisition thereof or at the time of acquisition by the
Borrower or a Subsidiary of any business entity then owning such fixed assets, whether or
not such existing Liens were given to secure the payment of the purchase price of the fixed
assets to which they attach so long as they were not incurred, extended or renewed in
contemplation of such acquisition.

     “Rentals” shall mean and include, as of any date, all fixed payments (including
as such all payments which the lessee is obligated to make to the lessor on termination of
the lease or surrender of the property) payable by the Borrower or a Subsidiary, as lessee
or sublessee under a lease of real or personal property, but shall be exclusive of any
amounts required to be paid by the Borrower or a Subsidiary (whether or not designated as
rents or additional rents) on account of maintenance, repairs, insurance, taxes and similar
charges. Fixed rents under any so-called “percentage leases” shall be computed solely on
the basis of the minimum rents, if any, required to be paid by the lessee regardless of
sales volume or gross revenues.

11

 

     “Reportable Event” means, any of the events set forth in Section 4043(c) of
ERISA or the regulations thereunder, other than any such event for which the 30-day notice
requirement under ERISA has been waived in regulations issued by the PBGC.

     “Requirement of Law” means, as to any Person, any law (statutory or common),
treaty, rule or regulation or determination of an arbitrator or of a Governmental Authority,
in each case applicable to or binding upon the Person or any of its property or to which the
Person or any of its property is subject.

     “Responsible Officer” means the chief executive officer or the president of the
Borrower or the Guarantor, a senior vice president, chief financial officer, general counsel
or any other officer having substantially the same authority and responsibility; or, with
respect to compliance with financial covenants, the chief financial officer, vice president
of finance or the treasurer of the Borrower or Guarantor, or any other officer having
substantially the same authority and responsibility.

     “SEC” means the Securities and Exchange Commission, or any Governmental
Authority succeeding to any of its principal functions.

     “Security” shall have the same meaning as in Section 2(1) of the Securities Act
of 1933, as amended.

     “Solvent” means, as to any Person at any time, that (a) the fair value of the
property of such Person is greater than the amount of such Person’s liabilities (including
disputed, contingent and unliquidated liabilities) as such value is established and
liabilities evaluated for purposes of Section 101(31) of the Bankruptcy Code and, in the
alternative, for purposes of the Illinois Uniform Fraudulent Transfer Act; (b) the present
fair saleable value of the property of such Person is not less than the amount that will be
required to pay the probable liability of such Person on its debts as they become absolute
and matured; (c) such Person is able to realize upon its property and pay its debts and
other liabilities (including disputed, contingent and unliquidated liabilities) as they
mature in the normal course of business; (d) such Person does not intend to, and does not
believe that it will, incur debts or liabilities beyond such Person’s ability to pay as such
debts and liabilities mature; and (e) such Person is not engaged in business or a
transaction, and is not about to engage in business or a transaction, for which such
Person’s property would constitute unreasonably small capital.

     “Subsidiary” and “Subsidiaries” shall mean, respectively, each and all
such corporations, partnerships, limited partnerships, limited liability companies, limited
liability partnerships or other entities of which or in which the Borrower owns directly or
indirectly more than fifty percent (50%) of (a) the combined voting power of all classes of
stock having general voting power under ordinary circumstances to elect a majority of the
board of directors of such entity if a corporation, (b) the management authority and capital
interest or profits interest of such entity, if a partnership, limited partnership, limited
liability company, joint venture or similar entity, or (c) the beneficial interest of such
entity, if a trust, association or other unincorporated organization.

     “Surety Instruments” means all letters of credit (including standby and
commercial), banker’s acceptances, bank guaranties, shipside bonds, surety bonds and similar
instruments.

12

 

     “Swap Contract” means any agreement, whether or not in writing, relating to any
transaction that is a rate swap, basis swap, forward rate transaction, commodity swap,
commodity option, equity or equity index swap or option, bond, note or bill option, interest
rate option, forward foreign exchange transaction, cap, collar or floor transaction,
currency swap, cross-currency rate swap, swaption, currency option or any other, similar
transaction (including any option to enter into any of the foregoing) or any combination of
the foregoing, and, unless the context otherwise clearly requires, any master agreement
relating to or governing any or all of the foregoing.

     “Swap Termination Value” means, in respect of any one or more Swap Contracts,
after taking into account the effect of any legally enforceable netting agreement relating
to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been
closed out and termination value(s) determined in accordance therewith, such termination
value(s), and (b) for any date prior to the date referenced in clause (a) the amount(s)
determined as the mark-to-market value(s) for such Swap Contracts, as determined based upon
one or more mid-market or other readily available quotations provided by any recognized
dealer in such Swap Contracts (which may include the Lender).

     “Termination Date” means May 1, 2007.

     “Type” has the meaning specified in the definition of “Loan”.

     “Unfunded Pension Liability” means the excess of a Plan’s benefit liabilities
under Section 4001(a)(16) of ERISA, over the current value of that Plan’s assets, determined
in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412
of the Code for the applicable plan year.

     “United States” and “U.S.” each means the United States of America.

     “Value” means, with respect to any Inventory or other goods, the Borrower’s
cost thereof calculated on a first-in, first-out basis in accordance with GAAP; deductions
and other adjustments that the Borrower has historically made from the value of Inventory as
set forth on the Borrower’s balance sheet to determine the value of Inventory per the
Borrower’s perpetual inventory system (including, without limitation, deductions and other
adjustments relating to freight-in charges, capitalization charges, staged inventory,
inventory in transit and raw materials inventory) shall continue to be made in determining
the Value of Inventory.

     “Voting Stock” shall mean Securities of any class or classes, the holders of
which are ordinarily, in the absence of contingencies, entitled to elect a majority of the
directors of a corporation or managers of a limited liability company (or Persons performing
similar functions).

     “Wholly-Owned Subsidiary” shall mean any Subsidiary of which or in which the
Borrower owns directly or indirectly 100% of (a) the combined voting power of all classes of
stock having general voting power under ordinary circumstances to elect a majority of the
board of directors of such Person, if it is a corporation (except shares required as
directors’ or other qualifying shares), (b) the management authority and capital interest or
profits interest of such Persons, if it is a partnership, limited partnership, limited
liability company, joint

13

 

venture or similar entity, or (c) the beneficial interest of such Persons, if it is a
trust, association or other unincorporated organization.

     1.02 Other Interpretive Provisions.

     (a) The meanings of defined terms are equally applicable to the singular and plural forms of
the defined terms.

     (b) The words “hereof”, “herein”, “hereunder” and similar words refer to this Agreement as a
whole and not to any particular provision of this Agreement; and subsection, Section, Schedule and
Exhibit references are to this Agreement unless otherwise specified.

     (c) The term “documents” includes any and all instruments, documents, agreements,
certificates, indentures, notices and other writings, however evidenced.

     (1) The term “including” is not limiting and means “including without limitation.”

     (2) In the computation of periods of time from a specified date to a later specified
date, the word “from” means “from and including”; the words “to” and “until” each mean “to
but excluding”, and the word “through” means “to and including.”

     (3) The term “property” includes any kind of property or asset, real, personal or
mixed, tangible or intangible.

     (d) Unless otherwise expressly provided herein, (i) references to agreements (including this
Agreement) and other contractual instruments shall be deemed to include all subsequent amendments
and other modifications thereto, but only to the extent such amendments and other modifications are
not prohibited by the terms of any Loan Document, and (ii) references to any statute or regulation
are to be construed as including all statutory and regulatory provisions consolidating, amending,
replacing, supplementing or interpreting the statute or regulation.

     (e) The captions and headings of this Agreement are for convenience of reference only and
shall not affect the interpretation of this Agreement.

     (f) This Agreement and other Loan Documents may use several different limitations, tests or
measurements to regulate the same or similar matters. All such limitations, tests and measurements
are cumulative and shall each be performed in accordance with their terms. Unless otherwise
expressly provided, any reference to any action of the Lender by way of consent, approval or waiver
shall be deemed modified by the phrase “in its sole discretion.”

     (g) This Agreement and the other Loan Documents are the result of negotiations among and have
been reviewed by counsel to the Lender, the Borrower and the other parties, and are the products of
all parties. Accordingly, they shall not be construed against the Lender merely because of the
Lender’s involvement in their preparation.

14

 

     1.03 Accounting Principles.

     (a) Unless the context otherwise clearly requires, all accounting terms not expressly defined
herein shall be construed, and all financial computations required under this Agreement shall be
made, in accordance with GAAP, consistently applied.

     (b) References herein to “fiscal year” and “fiscal quarter” refer to such fiscal periods of
the Borrower.

ARTICLE II

THE CREDIT

     2.01 Amounts and Term of Commitment. The Lender agrees, on the terms and conditions
set forth herein, to make Loans to the Borrower in an amount not in excess of Twenty Million
Dollars ($20,000,000) from time to time on any Business Day during the period from the Closing Date
to the Termination Date (such amount, as the same may be reduced under Section 2.05
hereof, the “Commitment”); provided, however, that, after giving effect to
any Borrowing under this Article II, the sum of the outstanding principal amount of all
Loans shall not at any time exceed the Commitment. Borrower may not re-borrow any amount lent
under this section.

     2.02 Notes. The Loans shall be evidenced by a Note payable to the order of the Lender
in a maximum principal amount equal to the Lender’s Commitment. The Borrower hereby irrevocably
authorizes the Lender to make (or cause to be made) appropriate notations on the grid attached to
such Note (or on any continuation of such grid) or otherwise in the Lender’s records, and hereby
authorizes the Lender to make (or cause to be made) appropriate notations in the Lender’s records,
which notations, if made, shall evidence, inter alia, the date of, the outstanding principal of,
and the interest rate and Interest Period applicable to the Loans evidenced thereby. Such
notations shall be conclusive and binding on the Borrower absent manifest error; provided,
however, that the failure of the Lender to make any such notations shall not limit or
otherwise affect any Obligations of the Borrower hereunder or under such Note.

     2.03 Procedure for Borrowing.

     (a) The Borrowing of Loans shall be made upon the Borrower’s irrevocable written notice
delivered to the Lender in the form of a Notice of Borrowing (which notice must be received by the
Lender prior to 12:00 noon (Chicago, Illinois time) (i) two Business Days prior to the requested
Borrowing Date, in the case of LIBOR Loans; and (ii) one Business Day prior to the requested
Borrowing Date, in the case of Base Rate Loans, specifying:

     (b) The amount of the Borrowing, which shall be in a minimum amount of $100,000 or any
multiple of $100,000 in excess thereof in the case of Base Rate Loans, and in a minimum amount of
$500,000 or any multiple of $100,000 in excess thereof in the case of LIBOR Loans;

          (1) The requested Borrowing Date, which shall be a Business Day;

          (2) Whether the Loan is to be a LIBOR Loan or a Base Rate Loan;

15

 

          (3) With respect to LIBOR Loans, the duration of the Interest Period applicable to the
Loan included in such notice. If the Notice of Borrowing fails to specify the duration of
the Interest Period for a LIBOR Loan, such Interest Period shall be three months;

	 	 	provided, however, that with respect to a Borrowing to be made on the
Closing Date, the Notice of Borrowing shall be delivered to the Lender not later than 10:00
a.m. (Chicago, Illinois time) two Business Days before the Closing Date if such Loans are to
be LIBOR Loans and not later than 10:00 a.m. (Chicago, Illinois time) on the Closing Date if
such Loans are to be Base Rate Loans.

     (c) In lieu of delivering the above-described Notice of Borrowing, the Borrower may give the
Lender telephonic notice by the required time of any proposed Borrowing as set forth in
subsection (a) above, provided that such telephonic notice shall be promptly
confirmed in writing by delivery of a Notice of Borrowing to the Lender on or before the applicable
Borrowing Date.

     (d) The proceeds of all Loans will be made available to the Borrower by the Lender by
crediting the account of the Borrower on the books of the Lender with the aggregate of the amounts
made available to the Lender by the Lender, or by wire transfer in accordance with written
instructions provided to the Lender by the Borrower.

     (e) After giving effect to any Borrowing, unless the Lender shall otherwise consent, there may
not be more than five (5) different Interest Periods in effect.

     2.04 Conversion and Continuation Elections.

     (a) The Borrower may, upon irrevocable written notice to the Lender in accordance with
Subsection 2.04(b):

          (1) elect, as of any Business Day, in the case of Base Rate Loans, or as of the last
day of the applicable Interest Period, in the case of LIBOR Loans, to convert any such Loans
(or any part thereof in an amount not less than $500,000, or that is in an integral multiple
of $100,000 in excess thereof) into Loans of the other Type; or

          (2) elect, as of the last day of the applicable Interest Period, to continue any Loans
having Interest Periods expiring on such day (or any part thereof in an amount not less than
$500,000, or that is in an integral multiple of $100,000 in excess thereof);

	 	 	provided, that if at any time the aggregate amount of LIBOR Loans in respect of any
Borrowing is reduced, by payment, prepayment, or conversion of part thereof to be less than
$500,000, such LIBOR Loans shall automatically convert into Base Rate Loans, and on and
after such date the right of the Borrower to continue such Loans as, and convert such Loans
into, LIBOR Loans shall terminate.

     (b) The Borrower shall deliver a Notice of Conversion/Continuation to be received by the
Lender not later than 10:00 a.m. (Chicago, Illinois time) at least (i) two Business Days in advance
of the Conversion/Continuation Date, if the Loans are to be converted into or continued as LIBOR
Loans; and (ii) on the Conversion/Continuation Date, if the Loans are to be converted into Base
Rate Loans, specifying:

               (A) The proposed Conversion/Continuation Date;

16

 

               (B) The aggregate amount of Loans to be converted or continued;

               (C) The Type of Loans resulting from the proposed conversion or continuation; and

               (D) With respect to conversions into LIBOR Loans, the duration of the requested
Interest Period.

	 	 	In lieu of delivering the above-described Notice of Conversion/Continuation, the Borrower
may give the Lender telephonic notice by the required time of any proposed
conversion/continuation under this subsection 2.04(b), provided that such
notice shall be promptly confirmed in writing by delivery of a Notice of
Conversion/Continuation to the Lender on or before the proposed conversion/continuation
date.

     (c) If upon the expiration of any Interest Period applicable to LIBOR Loans, the Borrower has
failed to select timely a new Interest Period to be applicable to such LIBOR Loans, or if any
Default or Event of Default then exists, the Borrower shall be deemed to have elected to convert
such LIBOR Rate Loans into Base Rate Loans effective as of the expiration date of such Interest
Period.

     (d) Unless the Lender otherwise consents, during the existence of a Default or Event of
Default, the Borrower may not elect to have a Loan converted into or continued as a LIBOR Loan.

     (e) After giving effect to any conversion or continuation of Loans, unless the Lender shall
otherwise consent, there may not be more than five (5) different Interest Periods in effect.

     2.05 Reserved.

     2.06 Optional Prepayments. At the election of Borrower:

     (a) Subject to Section 3.03, the Borrower may, at any time or from time to time upon
One Business Day’s written notice to the Lender, ratably prepay any Base Rate Loan in whole or in
part, in minimum amounts of $500,000 or any multiple of $500,000 in excess thereof.

     (b) Subject to Section 3.03, the Borrower may, at any time or from time to time upon
three Business Day’s notice written notice to the Lender, ratably prepay any LIBOR Loan in whole or
in part, in minimum amounts of $1,000,000 or any multiple of $500,000 in excess thereof.

     2.07 Repayment. The Borrower jointly and severally shall repay to the Lender in full
on the Termination Date (unless prepaid or repayable sooner by acceleration or as otherwise set
forth herein) the aggregate principal amount of Loans outstanding on such date.

     2.08 Interest.

     (a) The Loans shall bear interest on the outstanding principal amount thereof from the
applicable Borrowing Date at a rate per annum equal to LIBOR or the Base Rate, as the case may be
(and subject to the Borrower’s right to convert to other Types of Loans under Section
2.04), in each case plus the Applicable Margin set forth under the appropriate headings
on the Pricing Schedule.

17

 

     (b) Interest on the Loans shall be paid in arrears on each Interest Payment Date. Interest
shall also be paid on the date of any prepayment of Loans under Section 2.06 or
2.07 for the portion of the Loans so prepaid and upon payment (including prepayment) in
full thereof and, during the existence of any Event of Default, interest shall be paid on demand of
the Lender.

     (c) Notwithstanding subsection (a) above, after the occurrence of an Event of
Default, the Borrower shall pay interest (after as well as before entry of judgment thereon to the
extent permitted by law) on the principal amount of all outstanding Loans, at a rate per annum
equal to the Base Rate, plus the Applicable Margin, plus 2%.

     (d) If all or a portion of (i) any interest payable pursuant to subsection (a) of this
Section or (ii) any fee payable pursuant to Section 2.09 or other amount payable hereunder
shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such
overdue amount shall bear interest at a rate per annum equal to the Base Rate, plus the
Applicable Margin, plus 2%.

     (e) Anything herein to the contrary notwithstanding, the obligations of the Borrower to the
Lender hereunder shall be subject to the limitation that payments of interest shall not be required
for any period for which interest is computed hereunder, to the extent (but only to the extent)
that contracting for or receiving such payment by the Lender would be contrary to the provisions of
any law applicable to the Lender limiting the highest rate of interest that may be lawfully
contracted for, charged or received by the Lender, and in such event the Borrower shall pay the
Lender interest at the highest rate permitted by applicable law.

     2.09 Closing Fee.

     The Borrower shall pay to the Lender a closing fee equal to one tenth of one percent (.1%) of
the Commitment, payable on the Closing Date.

     2.10 Computation of Fees and Interest.

     (a) All computations of interest with respect to LIBOR Loans shall be made on the basis of a
360-day year and actual days elapsed. All computations of interest with respect to Base Rate Loans
shall be made on the basis of a 365/366-day year, as applicable. Interest and fees shall accrue
during each period during which interest or such fees are computed from the first day thereof to
the last day thereof.

     (b) Each determination of an interest rate by the Lender shall be conclusive and binding on
the Borrower and the Lender in the absence of manifest error.

     2.11 Payments by the Borrower.

     (a) All payments to be made by the Borrower shall be made without set-off, recoupment or
counterclaim. Except as otherwise expressly provided herein, all payments by the Borrower shall be
made to the Lender for the account of the Lender at the address designated by Lender from time to
time, and shall be made in dollars and in immediately available funds, no later than 12:00 noon
(Chicago, Illinois time) on the date specified herein. Any payment received by the Lender later
than 12:00 noon (Chicago, Illinois time) shall be deemed to have been received on the following
Business Day and any applicable interest or fee shall continue to accrue.

18

 

     (b) Subject to the provisions set forth in the definition of “Interest Period” herein,
whenever any payment is due on a day other than a Business Day, such payment shall be made on the
following Business Day, and such extension of time shall in such case be included in the
computation of interest or fees, as the case may be.

     (c) Unless the Lender receives notice from the Borrower prior to the date on which any payment
is due to the Lender that the Borrower will not make such payment in full as and when required, the
Lender may assume that the Borrower has made such payment in full to the Lender on such date in
immediately available funds.

ARTICLE III

YIELD PROTECTION AND ILLEGALITY

     3.01 Illegality.

     (a) If the Lender determines in its reasonable judgment that the introduction of any
Requirement of Law, or any change in any Requirement of Law, or in the interpretation or
administration of any Requirement of Law, has made it unlawful, or that any central bank or other
Governmental Authority has asserted that it is unlawful, for the Lender to make LIBOR Loans, then,
on notice thereof by the Lender to the Borrower, any obligation of the Lender to make LIBOR Loans
shall be suspended until the Lender notifies the Borrower that the circumstances giving rise to
such determination no longer exist.

     (b) If the Lender determines in its reasonable judgment that it is unlawful to maintain any
LIBOR Loan, the Borrower shall, upon its receipt of notice of such fact and demand from the Lender,
prepay in full such LIBOR Loans then outstanding, together with interest accrued thereon and
amounts required under Section 3.03, either on the last day of the Interest Period thereof,
if the Lender may lawfully continue to maintain such LIBOR Loans to such day, or immediately, if
the Lender may not lawfully continue to maintain such LIBOR Loan. If the Borrower is required to
so prepay any LIBOR Loan, then concurrently with such prepayment, the Borrower shall borrow from
the Lender, in the amount of such repayment, a Base Rate Loan.

     3.02 Increased Costs and Reduction of Return.

     (a) If the Lender determines that, due to either (i) the introduction of or any change (other
than any change by way of imposition of or increase in reserve requirements included in the
calculation of the LIBOR or in respect of the assessment rate payable by the Lender to the FDIC for
insuring U.S. deposits) in or in the interpretation of any law or regulation or (ii) the compliance
by the Lender with any guideline or request from any central bank or other Governmental Authority
(whether or not having the force of law), there shall be any increase in the cost to the Lender of
agreeing to make or making, funding or maintaining any LIBOR Loans, then the Borrower shall be
liable for, and shall from time to time, upon demand, pay to the Lender, additional amounts as are
sufficient to compensate the Lender for such increased costs, provided, however, that the Lender
shall be entitled to recover only such costs incurred on and after the time at which the Lender has
given notice in reasonable detail of such costs.

     (b) If the Lender shall have determined that (i) the introduction of any Capital Adequacy
Regulation, (ii) any change in any Capital Adequacy Regulation, (iii) any change in the
interpretation

19

 

or administration of any Capital Adequacy Regulation by any central bank or other Governmental
Authority charged with the interpretation or administration thereof, or (iv) compliance by the
Lender (or its Lending office) or any corporation controlling the Lender with any Capital Adequacy
Regulation, affects or would affect the amount of capital required or expected to be maintained by
the Lender or any corporation controlling the Lender and (taking into consideration the Lender’s or
such corporation’s policies with respect to capital adequacy and the Lender’s desired return on
capital) determines that the amount of such capital is increased as a consequence of making or
maintaining its Commitment or the Loans, credits or obligations under this Agreement, then, upon
demand of the Lender to the Borrower, the Borrower shall pay to the Lender, from time to time as
specified by the Lender, additional amounts sufficient to compensate the Lender for such increase;
provided, however, that the Lender shall be entitled to recover only such costs incurred on and
after the time at which the Lender has given notice in reasonable detail of such costs;
provided, further, however, in determining such additional amounts sufficient to compensate
the Lender for such increase, the Lender shall exclude therefrom any such additional amounts that
are reflected in and allocable to an increase, if any, in the Base Rate.

     3.03 Funding Losses. The Borrower shall reimburse the Lender and hold the Lender
harmless from any loss or expense which the Lender may sustain or incur as a consequence of:

     (a) The failure of the Borrower to make on a timely basis any payment of principal of any
LIBOR Loan;

     (b) The failure of the Borrower to borrow or continue a LIBOR Loan or to convert a Loan to a
LIBOR Loan after the Borrower has given (or is deemed to have given) a Notice of Borrowing or a
Notice of Conversion/Continuation;

     (c) The prepayment (including pursuant to Section 2.06 or Section 2.07) or
other payment (including after acceleration thereof) of a LIBOR Loan on a day that is not the last
day of the relevant Interest Period; or

     (d) The automatic conversion under Section 2.04 of any LIBOR Loan to a Base Rate Loan
on a day that is not the last day of the relevant Interest Period; including any such loss or
expense arising from the liquidation or reemployment of funds obtained by it to maintain its LIBOR
Loans or from fees payable to terminate the deposits from which such funds were obtained. For
purposes of calculating amounts payable by the Borrower to the Lender under this Section and under
Subsection 3.02(a), each LIBOR Loan made by Lender (and each related reserve, special
deposit or similar requirement) shall be conclusively deemed to have been funded at the LIBOR used
in determining the interest rate for such LIBOR Loan by a matching deposit or other borrowing in
the interbank eurodollar market for a comparable amount and for a comparable period, whether or not
such LIBOR Loan is in fact so funded.

     3.04 Inability to Determine Rates. If the Lender in its reasonable judgment
determines that for any reason adequate and reasonable means do not exist for determining the LIBOR
for any requested Interest Period with respect to a proposed LIBOR Loan, or that the LIBOR
applicable pursuant to Subsection 2.08(a) for any requested Interest Period with respect to
a proposed LIBOR Loan does not adequately and fairly reflect the cost to the Lender of funding such
Loan, the Lender will promptly so notify the Borrower. Thereafter, the obligation of the Lender to
make or maintain LIBOR Loans hereunder shall be suspended until the Lender revokes such notice in
writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of

20

 

Conversion/Continuation then submitted by it. If the Borrower does not revoke such
Notice, the Lender shall make, convert or continue the Loans, as proposed by the Borrower, in the
amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made,
converted or continued as Base Rate Loans instead of LIBOR Loans.

     3.05 Reserves on LIBOR Loans. The Borrower shall pay to the Lender, as long as the
Lender shall be required under regulations of the FRB to maintain reserves with respect to
liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as
“Eurocurrency liabilities”), additional costs on the unpaid principal amount of each LIBOR
Loan equal to the actual costs of such reserves allocated to such Loan by the Lender (as determined
by the Lender in good faith, which determination shall be conclusive), payable on each date on
which interest is payable on such Loan, provided the Borrower shall have received at least 15 days’
prior written notice of such additional interest from the Lender; provided, further that the Lender
shall be entitled to recover only such costs incurred on and after the time at which the Lender has
given notice in reasonable detail of such costs for recovery of such additional costs. Once Lender
has given the requisite initial notice, if Lender fails to give notice 15 days prior to the
relevant Interest Payment Date, such additional interest shall be payable 15 days from receipt of
such notice.

     3.06 Certificates of Lender. A claim by the Lender for reimbursement or compensation
under this Article III shall be accompanied by delivery to the Borrower of a certificate
setting forth in reasonable detail the amount payable to the Lender hereunder and such certificate
shall be conclusive and binding on the Borrower in the absence of manifest error.

     3.07 Survival. The agreements and obligations of the Borrower in this Article
III shall survive the payment of all other Obligations.

ARTICLE IV

CONDITIONS PRECEDENT

     4.01 Conditions of Initial Loans. The obligation of the Lender to make and continue
its initial Credit Extension hereunder is subject to the condition that the Lender shall have
received on or before the Closing Date all of the following, in form and substance satisfactory to
the Lender, and in sufficient copies for the Lender:

     (a) Credit Agreement and Note. This Agreement executed by each party thereto and the
Note executed by the Borrower;

     (b) Guaranty. The fully executed Guaranty of the Guarantor.

     (c) Resolutions; Incumbency.

     (1) Copies of the resolutions, powers of attorney or other analogous action of the
board of directors, members or other governing body of the Borrower and the Guarantor
authorizing the transactions contemplated hereby, certified as of the Closing Date by the
Secretary, Assistant Secretary or other analogous official of the Borrower and the
Guarantor, respectively; and

     (2) A certificate of the Secretary , Assistant Secretary or other analogous official of
the Borrower and the Guarantor, certifying the names and true signatures of the officers or

21

 

other persons of the Borrower and the Guarantor authorized to execute, deliver and perform,
as applicable, this Agreement, and all other Loan Documents to be delivered by it hereunder;

     (d) Organization Documents; Good Standing. Each of the following documents:

     (1) The articles or certificate of incorporation or certificate of formation or other
constitutive documents and the bylaws or limited liability company agreements of the
Borrower as in effect on the Closing Date, certified by the Secretary, Assistant Secretary,
or other authorized officer or person of the Borrower as of the Closing Date; and

     (2) A good standing certificate for the Borrower from the Secretary of State (or
similar, applicable Governmental Authority) of its state of incorporation or formation as of
a recent date;

     (e) Legal Opinions. The opinions of Jones Day, counsel to the Borrower and Jones Day,
counsel to the Guarantor addressed to the Lender, substantially in the form of Exhibits G and H
hereto;

     (f) Payment of Fees. Evidence of payment by the Borrower of all accrued and unpaid
fees, costs and expenses to the extent then due and payable on the Closing Date, together with
Attorney Costs of the Lender to the extent invoiced prior to or on the Closing Date.

     (g) Certificate. A certificate signed by a Responsible Officer, dated as of the
Closing Date, stating that:

     (1) the representations and warranties contained in Article V are true and
correct on and as of such date, as though made on and as of such date; and

     (2) no Default or Event of Default exists or would result from the disbursement of the
initial Credit Extensions; and

     (3) no event or circumstance that has resulted or could reasonably be expected to
result in a Material Adverse Effect;

     (h) Parent’s Financial Statements. Copies of the most recent quarterly financial
statements of the Parent and its Subsidiaries in form and content referred to in Section
6.07.

     (i) Other Documents. Such other approvals, opinions, documents, financial statements
or materials as the Lender may reasonably request.

     4.02 Conditions to All Credit Extensions. The obligation of the Lender to make any
Loan to be made by it (including the initial Loan) or to continue or convert any Loan under
Section 2.04 is subject to the satisfaction of the following conditions precedent on the
relevant Borrowing Date or Conversion/Continuation Date:

     (a) Notice of Borrowing or Conversion/Continuation. The Lender shall have received a
Notice of Borrowing or a Notice of Conversion/Continuation, as applicable signed by a Responsible
Officer;

22

 

     (b) Continuation of Representations and Warranties. The representations and
warranties in Article V shall be true and correct on and as of such Borrowing Date or
Conversion/Continuation Date with the same effect as if made on and as of such Borrowing Date or
Conversion/Continuation Date (except to the extent such representations and warranties expressly
refer to an earlier date, in which case they shall be true and correct as of such earlier date);

     (c) No Existing Default. No Default or Event of Default shall exist or shall result
from the making of such Borrowing or its continuation or conversion; and

Each Notice of Borrowing and Notice of Conversion/Continuation, submitted by the Borrower
hereunder shall constitute a representation and warranty by the Borrower hereunder, as of
the date of each such notice and as of each Borrowing Date or Conversion/Continuation Date,
as applicable, that the conditions in this Section 4.02 are satisfied.

ARTICLE V

REPRESENTATIONS AND WARRANTIES

          The Borrower represents and warrants to the Lender that:

     5.01 Enterprise Existence and Power. The Borrower and Guarantor and each of their
Subsidiaries:

     (a) Is a corporation or limited liability company duly organized, validly existing and in good
standing under the laws of the jurisdiction of its incorporation or organization;

     (b) Has the power and authority and all governmental licenses, authorizations, consents and
approvals (i) to own its assets and carry on its business, except to the extent that the failure to
have such licenses, authorizations, consents or approvals to own its assets or carry on its
business could not reasonably be expected to have a Material Adverse Effect and (ii) to execute,
deliver, and perform its obligations under the Loan Documents;

     (c) Is duly qualified as a foreign corporation or foreign company and is licensed and in good
standing under the laws of each jurisdiction where its ownership, lease or operation of property or
the conduct of its business requires such qualification or license except to the extent that the
failure to be so qualified or licensed could not reasonably be expected to have a Material Adverse
Effect; and

     (d) Is in compliance with all Requirements of Law except to the extent that the failure to
comply with any Requirement of Law could not reasonably be expected to have a Material Adverse
Effect;

     5.02 Corporate Authorization; No Contravention. The execution, delivery and
performance by the Borrower of this Agreement, Guarantor of the Guaranty, and each other Loan
Document to which the Borrower or Guarantor is party, have been duly authorized by all necessary
corporate action, and do not and will not:

     (a) Contravene the terms of any of such party’s Organization Documents;

23

 

     (b) Conflict with or result in any breach or contravention of, or the creation of any Lien
under, any document evidencing any Contractual Obligation to which the Borrower or Guarantor is a
party or any order, injunction, writ or decree of any Governmental Authority to which the Borrower
or Guarantor or their property is subject; or

     (c) Violate any Requirement of Law.

     5.03 Governmental Authorization. No approval, consent, exemption, authorization, or
other action by, or notice to, or filing with, any Governmental Authority is necessary or required
in connection with the execution, delivery or performance by, or enforcement against, the Borrower,
the Guarantor or any of their Subsidiaries of this Agreement, the Guaranty or any other Loan
Document.

     5.04 Binding Effect. This Agreement and each other Loan Document to which the
Borrower or Guarantor is a party constitute the legal, valid and binding obligations of the
Borrower and the Guarantor, enforceable against the Borrower and the Guarantor in accordance with
their respective terms, except as enforceability may be limited by applicable bankruptcy,
insolvency, or similar laws affecting the enforcement of creditors’ rights generally or by
equitable principles relating to enforceability.

     5.05 Litigation. There are no actions, suits, proceedings, claims or disputes
pending, or to the Borrower’s or Guarantor’s knowledge, after reasonable inquiry, threatened, at
law, in equity, in arbitration or before any Governmental Authority, against the Borrower, the
Guarantor or their Subsidiaries or any of their respective properties which:

     (a) Purport to affect or pertain to this Agreement or any other Loan Document, or any of the
transactions contemplated hereby or thereby; or

     (b) If determined adversely to the Borrower, Guarantor or their Subsidiaries would reasonably
be expected to have a Material Adverse Effect.

     5.06 No Default. No Default or Event of Default exists or would result from the
incurring of any Obligations by the Borrower or Guarantor. As of the Closing Date, neither the
Borrower, the Guarantor nor any of their Subsidiaries is in default under or with respect to any
Contractual Obligation in any respect which, individually or together with all such defaults, could
reasonably be expected to have a Material Adverse Effect, or that would, if such default had
occurred after the Closing Date, create an Event of Default under Subsection 9.01(c) or
(d).

     5.07 ERISA Compliance. (a) Each Plan is in compliance in all material respects with
the applicable provisions of ERISA, the Code and other federal or state law except to the extent
noncompliance would not reasonably be anticipated to result in a Material Adverse Effect. Each
Plan which is intended to qualify under Section 401(a) of the Code has received a favorable
determination letter from the IRS and to the best knowledge of the Borrower and Guarantor, nothing
has occurred which would cause the loss of such qualification. The Borrower, the Guarantor and
each ERISA Affiliate has made all required contributions to any Plan subject to Section 412 of the
Code, and no application for a funding waiver or an extension of any amortization period pursuant
to Section 412 of the Code has been made with respect to any Plan.

     (b) There are no pending or, to the Borrower’s or Guarantor’s knowledge, after reasonable
inquiry, threatened claims, actions or lawsuits, or action by any Governmental Authority,

24

 

with respect to any Plan which has resulted or could reasonably be expected to result in a
Material Adverse Effect. There has been no prohibited transaction or violation of the fiduciary
responsibility rules with respect to any Plan which has resulted or could reasonably be expected to
result in a Material Adverse Effect.

     (c) (i) No ERISA Event has occurred or is reasonably expected to occur; (ii) no Pension Plan
has any Unfunded Pension Liability; (iii) neither the Borrower, the Guarantor, nor any ERISA
Affiliate has incurred, or reasonably expects to incur, any liability under Title IV of ERISA with
respect to any Pension Plan (other than premiums due and not delinquent under Section 4007 of
ERISA); (iv) neither the Borrower, the Guarantor, nor any ERISA Affiliate has incurred, or
reasonably expects to incur, any liability (and no event has occurred which, with the giving of
notice under Section 4219 of ERISA, would result in such liability) under Section 4201 or 4243 of
ERISA with respect to a Multiemployer Plan; and (v) neither the Borrower, the Guarantor, nor any
ERISA Affiliate has engaged in a transaction that could be subject to Section 4069 or 4212(c) of
ERISA except in each case to the extent any noncompliance would not reasonably be anticipated to
result in a Material Adverse Effect.

     5.08 Use of Proceeds; Margin Regulations. The proceeds of the Loans are to be used
solely for the purposes set forth in and permitted by this Agreement. Neither the Borrower nor any
Subsidiary is generally engaged in the business of purchasing or selling Margin Stock or extending
credit for the purpose of purchasing or carrying Margin Stock.

     5.09 Title to Properties. The Borrower and each of the Borrower’s Subsidiaries and
Affiliates have good record and marketable title in fee simple to, or valid leasehold interests in,
all real property necessary or used in the ordinary conduct of their respective businesses, except
for such defects in title as could not, individually or in the aggregate, have a Material Adverse
Effect. As of the Closing Date, the property of the Borrower and their Subsidiaries and Affiliates
is subject to no Liens, other than liens permitted herein.

     5.10 Taxes. The Borrower, the Guarantor and their Subsidiaries have filed all Federal
and other material tax returns and reports required to be filed, and have paid all Federal and
other material taxes, assessments, fees and other governmental charges levied or imposed upon them
or their properties, income or assets otherwise due and payable, except those which are being
contested in good faith by appropriate proceedings and for which adequate reserves have been
provided in accordance with GAAP. There is no proposed tax assessment against the Borrower, the
Guarantor or any Subsidiary that would, if made, have a Material Adverse Effect.

     5.11 Financial Condition.

     (a) The audited consolidated financial statements of the Parent and its consolidated
Subsidiaries dated December 31, 2004 and the related consolidated statements of income or
operations, shareholders’ equity and cash flows for the fiscal year ended on that date:

     (1) Were prepared in accordance with GAAP consistently applied throughout the period
covered thereby, except as otherwise expressly noted therein;

     (2) Fairly present the financial condition of the Parent and its consolidated
Subsidiaries as of the date thereof and results of operations for the period covered
thereby; and

25

 

     (3) Show all material indebtedness and other liabilities, direct or contingent, of the
Parent and its consolidated Subsidiaries as of the date thereof, including liabilities for
taxes, material commitments and Contingent Obligations.

     (b) Since September 30, 2005 there has been no Material Adverse Effect other than with respect
to the financial performance of the Parent as set forth on the internally-prepared financial
statements for fiscal year 2005 delivered to the Lender, and the audit of the Parent’s financial
statements for fiscal year 2005 will not show any significant change in the financial status or
performance of the Parent from the information set forth on the Parent-prepared financial
statements for fiscal year 2005 delivered to the Lender.

     5.12 Environmental Matters.

     (a) Except as set forth on Schedule 5.12, the on-going operations of the Borrower and
each of their Subsidiaries and Affiliates comply in all respects with all Environmental Laws,
except where such non-compliance which would not (if enforced in accordance with applicable law)
have a Material Adverse Effect.

     (b) The Borrower and each of their Subsidiaries and Affiliates have obtained all licenses,
permits, authorizations and registrations required under any Environmental Law (“Environmental
Permits”) and necessary for their respective ordinary course operations, all such Environmental
Permits are in good standing, and the Borrower and each of their Subsidiaries are in compliance
with all material terms and conditions of such Environmental Permits, except where such
non-compliance which would not (if enforced in accordance with applicable law) have a Material
Adverse Effect.

     (c) None of the Borrower, any of their Subsidiaries or Affiliates or any of their respective
present property or operations, is subject to any outstanding written order from or agreement with
any Governmental Authority, nor subject to any judicial or docketed administrative proceeding,
respecting any Environmental Law, Environmental Claim or Hazardous Substance except (i) as may be
disclosed in the environmental reports provided to the Lender prior to the Closing Date or (ii) for
any such orders, agreements or proceedings the effect of which would not reasonably be anticipated
to result in a Material Adverse Effect.

     (d) Neither the Borrower, any of their Subsidiaries or Affiliates nor any other Person within
the Borrower’s knowledge, based upon reasonable investigation, has ever caused or permitted any
Hazardous Substances in any quantity that violates any Environmental Law to be treated, stored or
disposed of on, under or at the Borrower’s present properties or any part thereof, or to the
Borrower’s best knowledge after due inquiry neither the Borrower’s present properties nor any part
thereof has ever been used as a Hazardous Substances treatment, storage or disposal site in
violation of any Environmental Law other than violations that would not reasonably be anticipated
to result in a Material Adverse Effect.

     5.13 Regulated Entities. None of the Borrower, any Person controlling the Borrower,
the Guarantor, any Person controlling the Guarantor, or any Subsidiary, is an “Investment Company”
within the meaning of the Investment Borrower Act of 1940. Neither the Borrower or the Guarantor
is not subject to regulation under the Public Utility Holding Company Act of 1935, the Federal
Power Act, the Interstate Commerce Act, any state public utilities code, or any other Federal or
state statute or regulation limiting its ability to incur Indebtedness.

26

 

     5.14 No Burdensome Restrictions. Neither the Borrower, the Guarantor nor any of their
Subsidiaries is a party to or bound by any Contractual Obligation, or subject to any restriction in
any Organization Document, or any Requirement of Law, which could reasonably be expected to have a
Material Adverse Effect.

     5.15 Subsidiaries and Affiliates. The Borrower (a) has no Subsidiaries or Affiliates
other than those specifically disclosed in part (a) of Schedule 5.15 hereto or otherwise
disclosed to the Lender in writing and (b) has no equity investments in any other corporation or
entity other than those specifically disclosed in part (b) of Schedule 5.15 or otherwise
disclosed to the Lender in writing, the loss of which could reasonably be expected to result in a
Material Adverse Effect.

     5.16 Insurance. The properties of the Borrower and their Subsidiaries and Affiliates
are insured with financially sound and reputable insurance companies not Affiliates of the
Borrower, in such amounts, with such deductibles and covering such risks as are customarily carried
by companies engaged in similar businesses and owning similar properties in localities where the
Borrower or such Subsidiary operates.

     5.17 Solvency. The Borrower, Guarantor, and each of their Subsidiaries are Solvent.

     5.18 Swap Obligations. Neither the Borrower nor any of its Subsidiaries has incurred
any outstanding obligations under any Swap Contracts, other than Permitted Swap Obligations. The
Borrower has undertaken its own independent assessment of its consolidated assets, liabilities and
commitments and has considered appropriate means of mitigating and managing risks associated with
such matters and has not relied on any swap counterparty or any Affiliate of any swap counterparty
in determining whether to enter into any Swap Contract.

     5.19 Tax Shelter Registration. Except as may be disclosed after the Closing Date in
accordance with Section 6.08, neither the Company nor any of its Subsidiaries intends to
treat any of the transactions contemplated by any Loan Document as being a “reportable transaction”
within the meaning of Treasury Regulation section 1.6011-4.

     5.20 Full Disclosure. None of the representations or warranties made by the Borrower
or the Guarantor in the Loan Documents as of the date such representations and warranties are made
or deemed made, and none of the statements contained in any exhibit, report, statement or
certificate furnished by or on behalf of the Borrower or any Subsidiary in connection with the Loan
Documents (including the materials delivered by or on behalf of the Borrower to the Lender prior to
the Closing Date), contains any untrue statement of a material fact or omits any material fact
required to be stated therein or necessary to make the statements made therein, in light of the
circumstances under which they are made, not misleading as of the time when made or delivered
except misstatements and omissions that would not reasonably be anticipated to result in a Material
Adverse Effect.

ARTICLE VI

AFFIRMATIVE COVENANTS

     So long as the Lender shall have any Commitment to make Loans hereunder, or any Loan or other
Obligation shall remain unpaid or unsatisfied, unless the Lender waives compliance in writing:

     6.01 Corporate Existence, Etc. The Borrower will preserve and keep in full force and
effect, and will cause each Subsidiary to preserve and keep in full force and effect, its corporate

27

 

existence and all licenses and permits necessary to the proper conduct of its business, except for
any such licenses and permits the absence of which, individually or in the aggregate, would not
have a Material Adverse Effect; provided, however, that the foregoing shall not
prevent any transaction permitted by Section 7.04.

     6.02 Insurance. The Borrower will maintain or cause to be maintained, and will cause
each Subsidiary to maintain or cause to be maintained, insurance coverage by financially sound and
reputable insurers in such forms and amounts and against such risks as are customary for
corporations of established reputation engaged in the same or a similar business and owning and
operating similar properties; provided that the Borrower and its Subsidiaries may
self-insure risks (a) in the manner in which the Borrower and its Subsidiaries self-insure such
risks on the Closing Date or (b) otherwise in a manner consistent with prudent industry practice in
the jurisdictions in which the Borrower or such Subsidiaries conduct their respective operations.

     6.03 Taxes, Claims for Labor and Materials, Compliance with Laws. The Borrower will
promptly pay and discharge, and will cause each Subsidiary promptly to pay and discharge, all
lawful taxes, assessments and governmental charges or levies imposed upon the Borrower or such
Subsidiary, respectively, or upon or in respect of all or any part of the property or business of
the Borrower or such Subsidiary, all trade accounts payable in accordance with usual and customary
business terms, and all claims for work, labor or materials, which if unpaid might become a Lien
upon any property of the Borrower or such Subsidiary (all such taxes, assessments, charges, levies,
accounts payable and claims being hereinafter referred to collectively as the “Claims”);
provided, however, that the Borrower or such Subsidiary shall not be required to
pay any such Claim if either:

     (a) (i) the validity, applicability or amount thereof is being contested in good faith by
appropriate actions or proceedings which will prevent the forfeiture or sale of any property of the
Borrower or such Subsidiary or any material interference with the use thereof by the Borrower or
such Subsidiary, and (ii) the Borrower or such Subsidiary shall set aside on its books, reserves
deemed by it to be adequate with respect thereto and consistent with applicable GAAP; or

     (b) the failure to pay and discharge such Claim would not have a Material Adverse Effect.

The Borrower will comply and will cause each Subsidiary to comply with all laws, ordinances or
governmental rules and regulations to which it is subject including, without limitation, the
Occupational Safety and Health Act of 1970, as amended, ERISA and all laws, ordinances,
governmental rules and regulations relating to environmental protection in all applicable
jurisdictions, the violation of which would have a Material Adverse Effect or would result in any
Lien not permitted under Section 7.02.

     6.04 Maintenance, Etc. The Borrower will maintain, preserve and keep, and will cause
each Subsidiary to maintain, preserve and keep, its properties which are used in the conduct of its
business (whether owned in fee or a leasehold interest) in good repair and working order and from
time to time will make all necessary repairs, replacements, renewals and additions so that at all
times the efficiency thereof shall be maintained, except for the maintenance, preservation and
keeping of such properties which would not, individually or in the aggregate, have a Material
Adverse Effect.

28

 

     6.05 Nature of Business. Except for new businesses acquired through Permitted
Acquisitions, neither the Borrower nor any Subsidiary will engage in any business if, as a result,
the general nature of the business, taken on a consolidated basis, which would then be engaged in
by the Borrower and its Subsidiaries would be substantially changed from the general nature of the
business engaged in by the Borrower and its Subsidiaries on the date of this Agreement.

     6.06 ERISA Liabilities; Employee Plans. The Borrower shall (a) not, and will not
permit any Subsidiary to, withdraw from any Multiemployer Plan or permit any Plan maintained by it
to be terminated if such withdrawal or termination would result in withdrawal liability (as
described in Part 1 of Subtitle E of Title IV of ERISA) or the imposition of a Lien on any property
of the Borrower or any Subsidiary pursuant to Section 4068 of ERISA; (b) make contributions to all
of its Employee Plans in a timely manner and in a sufficient amount to comply with the applicable
standards of ERISA, including any applicable minimum funding standards of ERISA; (c) comply with
all material requirements of ERISA which relate to such Employee Plans; (d) notify the Lender
immediately upon receipt by the Borrower of any notice concerning the imposition of any withdrawal
liability (as described in Part 1 of Subtitle E of Title IV of ERISA); and (e) amend any Plan that
is intended to be qualified within the meaning of Section 401 of the Internal Revenue Code of 1986,
as amended, to the extent necessary to keep the Plan qualified, and to cause the Plan to be
administered and operated in a manner that does not cause the Plan to lose its qualified status.

     6.07 Reports and Rights of Inspection. The Borrower will keep, and will cause each
Subsidiary to keep, proper books of record and account in which full and correct entries will be
made of all dealings or transactions of, or in relation to, the business and affairs of the
Borrower or such Subsidiary, in accordance with GAAP consistently applied (except for changes
disclosed in the financial statements furnished to the Lender pursuant to this Section 6.07
and concurred with by the independent public accountants referred to in Section 6.07(b)
hereof), and will furnish to the Lender:

     (a) Quarterly Statements. As soon as available and in any event within 60 days after
the end of each quarterly fiscal period (except the last) of each fiscal year, copies of:

          (1) consolidated balance sheets of the Parent and its Subsidiaries as of the close of
such quarterly fiscal period, setting forth in comparative form the consolidated figures for
the fiscal year then most recently ended,

          (2) consolidated statements of earnings and changes in stockholders’ equity of the
Parent and its Subsidiaries for such quarterly fiscal period and for the portion of the
fiscal year ending with such quarterly fiscal period, in each case setting forth, commencing
with the quarterly fiscal period of the Guarantor ended December 31, 2005, in comparative
form the consolidated figures for the corresponding periods of the preceding fiscal year,
and

          (3) consolidated statements of cash flow of the Parent and its Subsidiaries for the
portion of the fiscal year ending with such quarterly fiscal period, setting forth,
commencing with the quarterly fiscal period of the Parent ended December 31, 2005, in
comparative form the consolidated figures for the corresponding period of the preceding
fiscal year,

29

 

all in reasonable detail and certified as complete and correct by an authorized financial officer of the Parent;

     (b) Annual Statements of the Parent and its Subsidiaries. As soon as available and in
any event within 120 days after the close of each fiscal year of the Parent, copies of:

          (1) consolidated balance sheets of the Parent and its Subsidiaries as of the close of
such fiscal year, and

          (2) consolidated statements of earnings and changes in stockholders’ equity and the
consolidated statement of cash flow of the Parent and its Subsidiaries for such fiscal year,

in each case setting forth, commencing with the financial statements for the fiscal year of the
Parent ended December 31, 2005, in comparative form the consolidated figures for the preceding
fiscal year, all in reasonable detail and accompanied by a report thereon of a firm of independent
public accountants of recognized national standing selected by the Parent to the effect that the
consolidated financial statements present fairly, in all material respects, the consolidated
financial position of the Parent and its Subsidiaries as of the end of the fiscal year being
reported on and the consolidated results of the operations and cash flow for said year in
conformity with GAAP and that the examination of such accountants in connection with such financial
statements has been conducted in accordance with generally accepted auditing standards and included
such tests of the accounting records and such other auditing procedures as said accountants deemed
necessary in the circumstances, provided that such consolidating statements may be furnished
covering each Subsidiary or groups of Subsidiaries in accordance with the practice of the Parent at
the time of preparation of such consolidating statements for any such fiscal year;

     (c) Audit Reports. Promptly upon receipt thereof, one copy of each interim or special
audit made by independent accountants of the books of the Borrower and any management letter
pertaining to the Borrower from such accountants;

     (d) SEC and Other Reports. Promptly upon their becoming available, one copy of each
financial statement, report, notices or proxy statement sent by the Borrower to stockholders
generally and of each regular or periodic report, and any registration statement or prospectus
filed by the Borrower or any Subsidiary with any securities exchange or the Securities and Exchange
Commission or any successor agency, and copies of any material orders in any proceedings to which
the Borrower or any of its Subsidiaries is a party, issued by any governmental agency, Federal or
state, having jurisdiction over the Borrower or any such Subsidiaries and which order could
reasonably be expected to have a Material Adverse Effect;

     (e) ERISA Reports. Promptly upon the occurrence thereof, written notice of (i) a
Reportable Event with respect to any Plan; (ii) the institution of any steps by the Borrower, any
ERISA Affiliate, the PBGC or any other Person to terminate any Plan if such termination might
result in the imposition of a Lien on any Property of the Borrower or any Subsidiary; (iii) the
institution of any steps by the Borrower or any ERISA Affiliate to withdraw from any Multiemployer
Plan; (iv) a non-exempt “prohibited transaction” within the meaning of Section 406 of ERISA in
connection with any Plan which could have a Material Adverse Effect; (v) the taking of any action,
or the threatening of the taking of any action, of which the Chief Financial Officer or the General

30

 

Counsel of the Borrower has knowledge of, by the Internal Revenue Service, the
Department of Labor or the PBGC, with respect to any of the foregoing or (vi) any of the equivalent
actions known by the Chief Financial Officer or General Counsel of the Borrower to have occurred,
or notices relating to such equivalent actions received by the Chief Financial Officer or General
Counsel of the Borrower with respect to any Foreign Employee Plan;

     (f) Officer’s Certificates. Within the periods provided in paragraphs (a) and
(b) above, a certificate (each, a “Compliance Certificate”) of an authorized
financial officer of the Borrower stating that such officer has reviewed the provisions of this
Agreement and setting forth: (i) the information and computations (in sufficient detail) required
in order to establish whether the Borrower was in compliance with the requirements of Section
8 at the end of the period covered by the financial statements then being furnished, (ii) to
the best of such officer’s knowledge whether there existed as of the date of such financial
statements and whether there exists on the date of the certificate or existed at any time during
the period covered by such financial statements any Default or Event of Default and, if any such
condition or event exists on the date of the certificate, specifying the nature and period of
existence thereof and the action the Borrower is taking and proposes to take with respect thereto
and (iii) to the best of such officer’s knowledge, whether any representation or warranty contained
in Article 5 is untrue in any material respect either as of the date of such certificate
or, to the extent any such representation and warranty expressly refers or relates to an earlier
date, as of such earlier date, due to an event, condition, or circumstance that will prevent the
Borrower from performing its Obligations or will cause the Borrower to be unable to satisfy either
of the covenants set forth in Sections 8.01 and 8.02;

     (g) Notice of Default. Within five (5) Business Days after a Responsible Officer or
general counsel of the Borrower obtains knowledge thereof, a notice of the occurrence of any
Default or Event of Default, and of the occurrence or existence of any event or circumstance that
foreseeably will become a Default or Event of Default.

     (h) Requested Information. With reasonable promptness, such other data and
information as the Lender may reasonably request.

     (i) Inspections. The Borrower will permit the Lender (or such Persons as the Lender
may designate), to visit and inspect, under the Borrower’s guidance, any of the properties of the
Borrower or any Subsidiary, to examine all of their books of account, records, reports and other
papers, to make copies and extracts therefrom and to discuss their respective affairs, finances and
accounts with their respective officers, employees, and independent public accountants (and by this
provision the Borrower authorizes said accountants to discuss with the Lender the finances and
affairs of the Borrower and its Subsidiaries) all at such reasonable times and as often as may be
reasonably requested. The Borrower shall not be required to pay or reimburse the Lender or any
such Persons which the Lender so designates for expenses which the Lender (or any such Person) may
incur in connection with any such visitation or inspection, except that if such visitation or
inspection is made during any period when a Default or an Event of Default shall have occurred and
be continuing, the Borrower agrees to reimburse the Lender for all such reasonable expenses
promptly upon demand.

     6.08 Tax Shelter Registration. The Borrower shall promptly notify Lender of any
action (or the intention to take an action) inconsistent with the representation in Section
5.19. If the Borrower so notifies the Lender, the Borrower acknowledges and agrees that the
Lender may treat the transactions contemplated hereby (or any single transaction contemplated
hereby) as part of a

31

 

transaction that is subject to Treasury Regulation Section 301.6112-1, and the Lender may
maintain the lists and other regulations required by such Treasury Regulation. To the extent the
Lender determines to maintain such list, the Borrower shall cooperate with the Lender in obtaining
the information required under such Treasury Regulation.

     6.09 Anti-Terrorism Law.

     (a) Neither the Borrower nor any of its Subsidiaries, nor, to the knowledge of the Borrower,
any of its Affiliates is in violation of any laws relating to terrorism or money laundering
(“Anti-Terrorism Laws”), including the regulations administered by the United States
Treasury Department’s Office of Foreign Asset Control (“OFAC”) and Executive Order No.
13224 on Terrorist Financing, effective September 24, 2001 (the “Executive Order”), and the
Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism Act of 2001, Public Law 107-56.

     (b) Neither the Borrower nor, to the knowledge of the Borrower, any of its Affiliates, brokers
or other agents acting or benefiting in any capacity in connection with the Loans, is any of the
following:

     (1) a Person or entity that is listed in the annex to, or is otherwise subject to the
prohibitions contained in, the Executive Order or the OFAC regulations;

     (2) a Person or entity owned or controlled by, or acting for or on behalf of, any
person or entity that is listed in the annex to, or is otherwise subject to the prohibitions
contained in, the Executive Order or the OFAC regulations;

     (3) a Person or entity with which any lender is prohibited from dealing or otherwise
engaging in any transaction by any Anti-Terrorism Law;

     (4) a Person or entity that commits, threatens or conspires to commit or supports
“terrorism” as defined in the Executive Order or the OFAC regulations; or

     (5) a Person or entity that is named on the most current list of “Specially Designated
Nationals and Blocked Persons” published by OFAC at its official website or any replacement
website or other replacement official publication of such list.

     (c) Neither the Borrower nor, to the knowledge of the Borrower, any of its Affiliates, brokers
or other agents acting or benefiting in any capacity in connection with the Loans (i) conducts any
business or engages in making or receiving any contribution of funds, goods or services to or for
the benefit of any Person described in clause (b) above, (ii) deals in, or otherwise engages in any
transaction relating to, any property or interests in property blocked pursuant to the Executive
Order or the OFAC regulations, or (iii) engages in or conspires to engage in any transaction that
evades or avoids, or has the purpose of evading or avoiding or attempts to violate, any of the
prohibitions set forth in any Anti-Terrorism Law.

     (d) If requested by the Lender, the Borrower or any of its Subsidiaries or Affiliates will
provide any information required by Section 326 of the USA PATRIOT Act or necessary for the Lender
to verify the identity of the Borrower or its Subsidiaries as required by Section 326 of the USA
PATRIOT Act.

32

 

     6.10 Rank of Obligations Hereunder. The Borrower will take all actions required or
advisable to maintain the ranking of its obligations under this Agreement at all times at least
pari passu with its other unsecured and unsubordinated Indebtedness.

ARTICLE VII

NEGATIVE COVENANTS

     So long as the Lender shall have any Commitment to make Loans hereunder or any Loan or other
Obligation shall remain unpaid or unsatisfied, unless the Lender waives compliance in writing:

     7.01 Limitations on Debt. The Borrower will not, and will not permit any Subsidiary
to, create, assume or incur any Debt, except:

     (a) Debt incurred pursuant to this Agreement and the Guaranty;

     (b) any renewals and extensions of Debt which is described in Section 7.01(a) and
Section 7.01(b) and any Debt the proceeds of which are used to refund or refinance any such
Debt, provided that (1) the principal amount of any such refinancing Indebtedness (as
determined as of the date of the incurrence of such refinancing Debt in accordance with GAAP) does
not exceed the principal amount of the Indebtedness refinanced thereby on such date plus
the amount of (A) any contractually stated call and/or redemption premium, if any, and (B) any
transaction fees, in each case, paid in connection with the refinancing of such outstanding
Indebtedness and (2) the obligor(s) with respect to such refinancing Debt are the same Persons
which are obligors with respect to the Indebtedness refinanced thereby or would be permitted to
incur the Debt on such date pursuant to another clause of this Section 7.01;

     (c) unsecured Debt of the Borrower and its Subsidiaries, and Debt of the Borrower and its
Subsidiaries secured by Liens permitted by Section 7.02(e);

     (d) Debt of the Borrower to a Subsidiary or to the Parent or of a Subsidiary to the Borrower
or to the Parent or to another Subsidiary;

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

     (f) Unsecured Debt of the Borrower for deferred payments payable under share purchase,
asset purchase, merger or other agreements, in each case constituting a Permitted Acquisition.

     7.02 Limitation on Liens. The Borrower will not, and will not permit any
Subsidiary to, create or incur, or suffer to be incurred or to exist, any Lien on its or their
property or assets, whether now owned or hereafter acquired, or upon any income or profits
therefrom, or transfer any property for the purpose of subjecting the same to the payment of
obligations in priority to the payment of its or their general creditors, or acquire or agree to
acquire, or permit any Subsidiary to acquire, any property or assets upon conditional sales
agreements or other title retention devices, unless the principal of, and interest on, the Note
shall be validly secured, equally and ratably, with any obligation of the Borrower or such
Subsidiary so secured, except:

33

 

     (a) Liens for taxes and assessments or governmental charges or levies and Liens securing
claims or demands of mechanics and materialmen, provided payment thereof is not at the time
required by Section 6.03.

     (b) Liens of or resulting from any judgment or award, the time for the appeal or petition for
rehearing of which shall not have expired, or in respect of which the Borrower or a Subsidiary
shall at any time in good faith be prosecuting an appeal or proceeding for a review and in respect
of which a stay of execution pending such appeal or proceeding for review shall have been secured;

     (c) Liens incidental to the conduct of business or the ownership of properties and assets
(including without limitation, Liens in connection with workers’ compensation, unemployment
insurance and other like laws, warehousemen’s and attorneys’ Liens and statutory landlords’ Liens)
and Liens to secure the performance of bids, tenders or trade contracts, or to secure statutory
obligations, surety or appeal bonds or other Liens of like general nature incurred in the ordinary
course of business and not in connection with the borrowing of money; provided in each
case, the obligation secured is not overdue or, if overdue, is being contested in good faith by
appropriate actions or proceedings;

     (d) minor survey exceptions or minor encumbrances, easements or reservations, or rights of
others for rights-of-way, utilities and other similar purposes, or zoning or other restrictions as
to the use of real properties, which are necessary for the conduct of the activities of the
Borrower and its Subsidiaries or which customarily exist on properties of corporations engaged in
similar activities and similarly situated and which do not in any event materially impair their use
in the operation of the business of the Borrower and its Subsidiaries; and

     (e) Purchase Money Liens incurred after the Closing Date, provided that (i) the
Purchase Money Lien shall attach solely to the capital stock or fixed assets acquired, purchased or
constructed, (ii) at the time of purchase of such capital stock or acquisition or construction of
such fixed assets, the aggregate amount remaining unpaid on all Indebtedness secured by Purchase
Money Liens thereon, whether or not assumed by the Borrower or a Subsidiary, shall not exceed an
amount equal to 100% of the fair market value at the time of purchase, acquisition or construction
of such capital stock or fixed assets (as determined in good faith by the Board of Directors of the
Borrower or such Subsidiary, as the case may be), (iii) such Purchase Money Lien is created
contemporaneously with, or within 120 days after, such purchase, acquisition or the completion of
such construction; and (iv) all such Indebtedness shall have been incurred within the applicable
limitations provided in Section 7.01.

     7.03 Permitted Investments. The Borrower will not, and will not permit any Subsidiary
to, make any Investments, other than (any reference to a rating by a rating agency shall include
any foreign local equivalents thereof):

     (a) Any Investments existing on the Closing Date and listed on Schedule 7.03 attached
hereto;

     (b) Investments by the Borrower and its Subsidiaries in and to Subsidiaries or Affiliates,
including any Investment in any Person which, after giving effect to such Investment, will become a
Subsidiary or Affiliate, and Investments which constitute Acquisitions;

34

 

     (c) Investments in commercial paper maturing in 270 days or less from the date of issuance
which, at the time of acquisition by the Borrower or any Subsidiary, is rated at least “A-1” by
Standard & Poor’s Corporation (“S&P”) or at least “P-1” by Moody’s Investors Service, Inc.
(“Moody’s”);

     (d) Investments in direct obligations maturing in 12 months or less from the date of
acquisition thereof of (i) the United States of America, (ii) any agency or instrumentality of the
United States of America, the payment or guarantee of which constitutes a full faith and credit
obligation of the United States of America, or (iii) any other sovereign nation whose Funded Debt
is rated at least “A+” by S&P or “A-1” by Moody’s or, if unrated by either S&P or Moody’s, then
bearing a comparable rating by another credit rating agency of similar standing;

     (e) Investments in certificates of deposit or bankers’ acceptances maturing within one year
from the date of issuance thereof, issued by a bank or trust Borrower organized under the laws of
the United States or any state thereof or Canada or any province thereof, having capital, surplus
and undivided profits aggregating at least $100,000,000 (or its equivalent in Canadian dollars) and
whose long-term certificates of deposit are, at the time of acquisition of such certificates of
deposit or bankers’ acceptances by the Borrower or a Subsidiary, rated at least “A+” by S&P or at
least “A -1” by Moody’s;

     (f) Investments by any Subsidiary having its principal place of business outside the United
States and Canada in certificates of deposit or bankers’ acceptances maturing within one year from
the date of issuance thereof, issued by a bank or trust Borrower whose short term Indebtedness is
rated at least “A-1” by S&P or at least “P-1” by Moody’s or, if unrated by either S&P or Moody’s,
then bearing a comparable rating by another major rating agency;

     (g) money market preferred stock maturing within two years from the date of issuance thereof
which at the time of acquisition thereof by the Borrower or a Subsidiary is rated at least “A” by
S&P or Moody’s;

     (h) variable rate tender option Securities (i) the interest on which is excludable from the
gross income of the owner thereof for Federal income tax purposes and (ii) the payment of
principal, interest and redemption premium on which is secured by a letter of credit issued by a
bank, trust Borrower, or other financial institution, whose letters of credit are rated at least
“A+” by S&P or “A-1” by Moody’s;

     (i) Investments in shares of money market mutual funds and any other funds registered under
the Investment Company Act of 1940, as amended, whose investment assets are described in any of
clauses (b) through (h) above; and

     (j) Investments made within the limitations of Section 7.04.

     For purposes of this Section 7.03, at any time when a corporation becomes a
Subsidiary, all Investments of such corporation at such time shall be deemed to have been made by
such corporation, as a Subsidiary, at such time.

35

 

     7.04 Mergers, Consolidations and Sales of Assets.

     (a) The Borrower will not, and will not permit any Subsidiary to, (i) consolidate with or be a
party to a merger with any other corporation or (ii) sell, lease, transfer or otherwise dispose of
all or any substantial part of the assets of the Borrower and its Subsidiaries; provided, however,
that:

     (1) any Subsidiary may merge or consolidate with or into the Borrower or any
Wholly-owned Subsidiary so long as in any merger or consolidation involving the Borrower,
the Borrower shall be the surviving or continuing corporation;

     (2) the Borrower may consolidate or merge with any other corporation if (i) the
Borrower shall be the surviving or continuing corporation and (ii) at the time of such
consolidation or merger and after giving effect thereto no Default or Event of Default shall
have occurred and be continuing; and

     (3) any Subsidiary may sell, lease, transfer or otherwise dispose of all or any
substantial part of its assets (including, without limitation, pursuant to the dissolution
thereof) to the Borrower or any Wholly-owned Subsidiary.

     (b) The Borrower will not permit any Subsidiary to issue or sell any shares of stock of any
class (including as “stock” for the purposes of this Section 7.04, any warrants, rights or
options to purchase or otherwise acquire stock or other Securities exchangeable for or convertible
into stock) of such Subsidiary to any Person other than the Borrower or a Wholly-owned Subsidiary,
except (i) stock options or rights granted to employees and stock issued pursuant thereto, (ii) for
the purpose of satisfying regulatory qualifications or requirements, (iii) in satisfaction of the
validly pre-existing preemptive rights of minority shareholders in connection with the simultaneous
issuance of stock to the Borrower and/or a Subsidiary whereby the Borrower and/or such Subsidiary
maintain their same proportionate interest in such Subsidiary or (iv) any other issuance or sale
provided that at the time of such transaction and after giving effect thereto, no Default or Event
of Default shall have occurred and be continuing.

     (c) The Borrower will not sell, transfer or otherwise dispose of any shares of stock of any
Subsidiary (except for the purpose of satisfying regulatory qualifications or requirements) and
will not permit any Subsidiary to sell, transfer or otherwise dispose of (except to the Borrower or
a Wholly-owned Subsidiary or for the purpose of satisfying regulatory qualifications or
requirements) any shares of stock of any other Subsidiary, unless after giving effect to such sale,
transfer, or other disposition, no Default or Event of Default shall have occurred and be
continuing.

     7.05 Guaranties. The Borrower will not, and will not permit any Subsidiary to, become
or be liable in respect of any guaranty other than in support of the obligations set forth in this
Agreement and in respect of Indebtedness permitted by Section 7.01(e) hereto.

     7.06 Transactions with Affiliates. The Borrower will not, and will not permit any
Subsidiary to, enter into or be a party to any transaction or arrangement with any Affiliate,
including, without limitation, the purchase from, sale to or exchange of property with, or the
rendering of any service by or for, any Affiliate, except in furtherance of the reasonable business
interests of the Borrower or such Subsidiary and upon fair and reasonable terms no less favorable
to the Borrower or such Subsidiary than would obtain in a comparable arm’s-length transaction with
a Person other than an Affiliate.

36

 

     7.07 Termination of Pension Plans. The Borrower will not and will not permit any
Subsidiary to withdraw from any Multiemployer Plan or permit any Plan maintained by it to be
terminated if such withdrawal or termination will result in withdrawal liability (as described in
Part 1 of Subtitle E of Title IV of ERISA) or the imposition of a Lien on any Property of the
Borrower or any Subsidiary pursuant to Section 4068 of ERISA.

     7.08 Reserved.

     7.09 Use of Proceeds. Neither the Borrower nor any of its Subsidiaries or Affiliates
shall use any portion of the proceeds of the Loans for any purpose other than Permitted
Acquisitions.

ARTICLE VIII

FINANCIAL COVENANTS 

     So long as the Lender shall have any Commitment to make Loans hereunder or any Loan or other
Obligation shall remain unpaid or unsatisfied, unless the Lender shall waive compliance in writing:

     8.01 Leverage. As of the end of each Computation Period, the Parent’s ratio
(expressed as a percentage) of consolidated Net Debt to consolidated EBITDA shall not exceed 3.25
to 1.0.

     8.02 Interest Coverage. As of the end of each Computation Period in respect of the
Parent, the quotient of consolidated EBITDA to consolidated interest expense computed under GAAP in
respect of such period shall equal at least 3.0 to 1.0.

ARTICLE IX

ARTICLE X EVENTS OF DEFAULT

     9.01 Event of Default. Any of the following shall constitute an “Event of
Default”:

     (a) Nonpayment of Obligations. Any principal due and owing under this Agreement, the
Guaranty of the Guarantor or on the Note is not paid when due on the Maturity Date or any interest
due and owing under this Agreement is not paid within four (4) Banking Days after notice of default
in payment by the Lender to Borrower specifying such default and requiring the Borrower to put an
end to same immediately or, in the case of any of the other Obligations under this Agreement or any
Loan Document, whether by its terms or as otherwise provided herein or therein, on any other date
is not paid within ten (10) days after notice of default in payment by the Lender specifying such
default and requiring the Borrower to put an end to same immediately.

     (b) Other Payment Default. Default shall be made in the payment when due (whether by
lapse of time, by declaration, by call for redemption or otherwise) of the principal of or interest
on any Debt (other than the Loans and the Note) in an amount individually or collectively in excess
of $200,000 of the Borrower, Guarantor or any Subsidiary and such default shall continue beyond the
period of grace, if any, allowed with respect thereto.

     (c) Cross Default. Default or the happening of any event shall occur under any
indenture, agreement or other instrument under which any Debt in an amount individually or
collectively in excess of $200,000 of the Borrower, Guarantor or any Subsidiary may be issued
(other

37

 

than the Loans and the Note) and the holder of such Debt of the Borrower, Guarantor or any
Subsidiary outstanding thereunder shall have the right to declare such Debt due and payable on
account of such default or event.

     (d) Default of Other Covenants. Default shall occur in the observance or performance
of Sections 6.01, 6.02, 6.03, 6.04, 6.07 and 6.08 of this Agreement and such default continues
unremedied for Fifteen (15) Banking Days after notice of such default by the Lender to the Borrower
specifying such default and requiring the Borrower to put an end to same or immediately upon
default of any other provision of this Agreement or any other Loan Document.

     (e) Representations and Warranties. Any written representation or warranty made by
the Borrower herein or by Guarantor, or made by the Borrower in any written statement or
certificate furnished by the Borrower in connection with the consummation of the issuance and
delivery of the Note or furnished by the Borrower pursuant hereto, is untrue in any material
respect as of the date of the issuance or making thereof.

     (f) Judgment. Final judgment or judgments for the payment of money (i) aggregating in
excess of $200,000 is or are outstanding against the Borrower, Guarantor or any Subsidiary for a
period of sixty (60) days or against any Property of either or (ii) any one or more of such
judgments aggregating at least $100,000 have remained unpaid, unvacated, unbonded or unstayed by
appeal or otherwise.

     (g) Involuntary Bankruptcy. A decree or order by a court having jurisdiction in the
premises shall have been entered adjudging the Borrower or Guarantor a bankrupt or insolvent, or
approving as properly filed a petition seeking reorganization, readjustment, arrangement,
composition or similar relief for the Borrower or Guarantor under any applicable bankruptcy laws,
or any other similar applicable law, and such decree or order shall have continued undischarged or
unstayed for a period of 60 days from its date of entry or such petition shall remain undischarged
for a period of 60 days from the date of filing thereof; or a decree or order of a court having
jurisdiction in the premises for the appointment of a receiver or liquidator or trustee or assignee
in bankruptcy or insolvency of the Borrower or Guarantor or of a substantial part of its Property,
or for the winding up or liquidation of its affairs, shall have been entered, and such decree or
order shall have remained in force undischarged or unstayed for a period of 60 days; or any
substantial part of the Property of the Borrower or Guarantor shall be sequestered or attached and
shall not be returned to the possession of the Borrower or the Guarantor or released from such
attachment within 60 days thereafter; or

     (h) Insolvency. The Borrower or the Guarantor is generally not paying its debts as
they become due or shall institute proceedings to be adjudicated a voluntary bankrupt, or shall
consent to the filing of a bankruptcy proceeding against it, or shall file a petition or answer or
consent seeking reorganization, readjustment, arrangement, composition or similar relief under the
U.S. federal bankruptcy laws, or any other similar applicable law, or shall consent to the filing
of any such petition, or shall consent to the appointment of a receiver or liquidator or trustee or
assignee in bankruptcy or insolvency of it or of a substantial part of its Property, or shall make
an assignment for the benefit of creditors, or shall voluntarily suspend transaction of its usual
business, or corporate action shall be taken by the Borrower or the Guarantor in furtherance of any
of the aforesaid purposes.

     (i) Change of Control. Any Change of Control shall occur.

38

 

     9.02 Remedies. If any Event of Default occurs, the Lender may:

     (a) Declare the unpaid principal amount of all outstanding Loans, all interest accrued and
unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document
to be immediately due and payable, without presentment, demand, protest or other notice of any
kind, all of which are hereby expressly waived by the Borrower; and

     (b) Exercise all rights and remedies available to the Lender under the Loan Documents, at
equity or under applicable law;

provided, however, that upon the occurrence of any event specified in subsections (g) or
(h) of Section 9.01 (in the case of clause subsection (g) upon the
expiration of the 60-day period mentioned therein), the obligation of the Lender to make
Loans shall automatically terminate and the unpaid principal amount of all outstanding Loans
and all interest and other amounts as aforesaid shall automatically become due and payable
without further act of the Lender.

     9.03 Rights Not Exclusive. The rights provided for in this Agreement and the other
Loan Documents are cumulative and are not exclusive of any other rights, powers, privileges or
remedies provided by law or in equity, or under any other instrument, document, or agreement now
existing or hereafter arising.

ARTICLE X

MISCELLANEOUS

     10.01 Amendments and Waivers. No amendment or waiver of any provision of this
Agreement or any other Loan Document, and no consent with respect to any departure by the Borrower
therefrom, shall be effective unless the same shall be in writing and signed by the Lender and the
Borrower, and then any such waiver or consent shall be effective only in the specific instance and
for the specific purpose for which given.

     10.02 Notices.

     (a) Except as otherwise expressly permitted by the terms hereof, all notices, requests,
consents, approvals, waivers and other communications shall be in writing (including, unless the
context expressly otherwise provides, by facsimile transmission) and mailed, faxed or delivered, to
the address or facsimile number specified for notices on Schedule 10.02; or, as directed to
the Borrower or the Lender, to such other address as shall be designated by such party in a written
notice to the other party, and as directed to any other party, at such other address as shall be
designated by such party in a written notice to the Borrower and the Lender.

     (b) All such notices, requests and communications shall, when transmitted by overnight
delivery, or faxed, be effective when delivered for overnight (next-day) delivery, or transmitted
in legible form by facsimile machine, respectively, or if mailed, upon the third Business Day after
the date deposited into the U.S. mail, or if delivered, upon delivery; except that notices pursuant
to Article II or X to the Lender shall not be effective until actually received by the Lender at
the address specified for the Lender in Schedule 10.02 hereof.

     (c) Any agreement of the Lender herein to receive certain notices by facsimile is solely for
the convenience and at the request of the Borrower. The Lender shall be entitled to rely on the

39

 

authority of any Person purporting to be a Person authorized by the Borrower to give such notice
and the Lender shall not have any liability to the Borrower or other Person on account of any
action taken or not taken by the Lender in reliance upon such facsimile notice. The obligation of
the Borrower to repay the Loans shall not be affected in any way or to any extent by any failure by
the Lender to receive written confirmation of any facsimile notice or the receipt by the Lender of
a confirmation which is at variance with the terms understood by the Lender to be contained in the
facsimile notice.

     10.03 No Waiver; Cumulative Remedies. No failure to exercise and no delay in
exercising, on the part of the Lender, any right, remedy, power or privilege hereunder, shall
operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power
or privilege hereunder preclude any other or further exercise thereof or the exercise of any other
right, remedy, power or privilege.

     10.04 Costs and Expenses. The Borrower shall:

     (a) Whether or not the transactions contemplated hereby are consummated, pay or reimburse the
Lender within five Business Days after demand for all costs and expenses to the extent such
limitations are applicable, incurred by the Lender in connection with the development, preparation,
delivery, administration and execution of, and any amendment, supplement, waiver or modification to
(in each case, whether or not consummated), this Agreement, the Note, any other Loan Document and
any other documents prepared in connection herewith or therewith, and the consummation of the
transactions contemplated hereby and thereby, including reasonable Attorney Costs incurred by the
Lender with respect thereto; and

     (b) Pay or reimburse the Lender within five (5) Business Days after demand for all costs and
expenses (including Attorney Costs) incurred by them in connection with the enforcement, attempted
enforcement, or preservation of any rights or remedies under this Agreement or any other Loan
Document during the existence of an Event of Default or after acceleration of the Loans (including
in connection with any “workout” or restructuring regarding the Loans, and including in any
Insolvency Proceeding or appellate proceeding).

     10.05 Borrower Indemnification.

     (a) Whether or not the transactions contemplated hereby are consummated, the Borrower
shall indemnify, defend and hold the Lender and each of its respective officers, directors,
employees, counsel, agents and attorneys-in-fact (each, an “Indemnified Person”) harmless
from and against any and all liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, charges, expenses and disbursements (including Attorney Costs) of any kind
or nature whatsoever which may at any time (including at any time following repayment of the Loans
and the termination, resignation or replacement of the Lender) be imposed on, incurred by or
asserted against any such Person in any way relating to or arising out of this Agreement or any
document contemplated by or referred to herein, or the transactions contemplated hereby, or any
action taken or omitted by any such Person under or in connection with any of the foregoing,
including with respect to any investigation, litigation or proceeding (including any Insolvency
Proceeding or appellate proceeding) related to or arising out of this Agreement or the Loans or the
use of the proceeds thereof, whether or not any Indemnified Person is a party thereto (all the foregoing, collectively, the “Indemnified Liabilities”); provided, that the Borrower
shall have no obligation hereunder to any Indemnified Person with respect to Indemnified
Liabilities resulting solely from the gross negligence or willful misconduct of

40

 

such Indemnified Person. The agreements in this Section shall survive payment of all other
Obligations.

     (b) At the election of any Indemnified Person, the Borrower shall defend such Indemnified
Person using legal counsel satisfactory to such Indemnified Person in such Person’s sole
discretion, at the reasonable cost and expense of the Borrower. All amounts owing under this
Section shall be paid within 30 days after demand. The obligations in this Section shall survive
payment of all other Obligations.

     10.06 Payments Set Aside. To the extent that the Borrower makes a payment to the
Lender or the Lender exercises its right of set-off, and such payment or the proceeds of such
set-off or any part thereof are subsequently invalidated, declared to be fraudulent or
preferential, set aside or required (including pursuant to any settlement entered into by the
Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection
with any Insolvency Proceeding or otherwise, then to the extent of such recovery the obligation or
part thereof originally intended to be satisfied shall be revived and continued in full force and
effect as if such payment had not been made or such set-off had not occurred.

     10.07 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, except
that the Borrower may not assign or transfer any of its rights or obligations under this Agreement
without the prior written consent of the Lender.

     10.08 Assignments, Participations, etc.

     (a) The Lender may, with the written consent of the Borrower at all times other than during
the existence of an Event of Default, which consent of the Borrower shall not be unreasonably
withheld, at any time sell, assign, transfer and delegate to one or more Eligible Assignees
(provided that no written consent of the Borrower shall be required in connection with any sale,
assignment, transfer and delegation by the Lender to an Eligible Assignee that is an Affiliate of
the Lender) (each an “Assignee”) all, or any part of the Loans, the Commitment and the
other rights and obligations of the Lender hereunder; provided, however, that the
Borrower may continue to deal solely and directly with the Lender in connection with the interest
so assigned to an Assignee until written notice of such assignment, together with payment
instructions, addresses and related information with respect to the Assignee, shall have been given
to the Borrower by the Lender and the Assignee.

     (b) From and after the date that the Lender and such Assignee have executed an Assignment and
Acceptance, (i) the Assignee thereunder shall be a party hereto and, to the extent that rights and
obligations hereunder have been assigned to it pursuant to such Assignment and Acceptance, shall
have the rights and obligations of the Lender under the Loan Documents, and (ii) the Lender, to the
extent that rights and obligations hereunder and under the other Loan Documents have been assigned
by it pursuant to such Assignment and Acceptance, relinquish its rights and be released from its
obligations under the Loan Documents.

     (c) Immediately upon execution of the Assignment and Acceptance, this Agreement shall be
deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of
the Assignee and the resulting adjustment of the Commitment arising therefrom. The Commitment
allocated to any Assignee shall reduce such Commitment of the Lender pro tanto.

41

 

     (d) The Lender may, with the written consent of the Borrower at all times other than during
the existence of an Event of Default, which consent shall not be unreasonably withheld, at any time
sell, transfer or assign to one or more commercial banks or other Persons not Affiliates of the
Borrower (provided that no written consent of the Borrower shall be required in connection with any
sale, transfer or assignment by the Lender to an Affiliate of the Lender) (a “Participant”)
participating interests in any Loans, the Commitment of the Lender and the other interests of the
Lender hereunder and under the other Loan Documents; provided, however, that (i) the Lender’s
obligations under this Agreement shall remain unchanged, (ii) the Lender shall remain solely
responsible for the performance of such obligations, and (iii) the Borrower shall continue to deal
solely and directly with the Lender in connection with the Lender’s rights and obligations under
this Agreement and the other Loan Documents. In the case of any such participation, the
Participant shall be entitled to the benefit of Sections 3.01, 3.02 and 10.05 as
though it were also the Lender hereunder, and if amounts outstanding under this Agreement are due
and unpaid, or shall have been declared or shall have become due and payable upon the occurrence of
an Event of Default, each Participant shall be deemed to have the right of set-off in respect of
its participating interest in amounts owing under this Agreement to the same extent as if the
amount of its participating interest were owing directly to it as the Lender under this Agreement.

     (e) Notwithstanding any other provision in this Agreement, the Lender may at any time create a
security interest in, or pledge, all or any portion of its rights under and interest in this
Agreement in favor of any Federal Reserve Bank in accordance with Regulation A of the FRB or U.S.
Treasury Regulation 31 CFR §203.14, and such Federal Reserve Bank may enforce such pledge or
security interest in any manner permitted under applicable law.

     10.09 Set-off. In addition to any rights and remedies of the Lender provided by law,
if an Event of Default exists or the Loans have been accelerated, the Lender is authorized at any
time and from time to time, without prior notice to the Borrower, any such notice being waived by
the Borrower to the fullest extent permitted by law, to set off and apply any and all deposits
(general or special, time or demand, provisional or final) at any time held by, and other
indebtedness at any time owing by, the Lender to or for the credit or the account of the Borrower
against any and all Obligations owing to the Lender, now or hereafter existing, irrespective of
whether or not the Lender shall have made demand under this Agreement or any Loan Document and
although such Obligations may be contingent or unmatured. The Lender agrees promptly to notify the
Borrower after any such set-off and application made by the Lender; provided, however, that the
failure to give such notice shall not affect the validity of such set-off and application.

     10.10 Counterparts. This Agreement may be executed in any number of separate
counterparts, each of which, when so executed, shall be deemed an original, and all of said
counterparts taken together shall be deemed to constitute but one and the same instrument.

     10.11 Severability. The illegality or unenforceability of any provision of this
Agreement or any instrument or agreement required hereunder shall not in any way affect or impair
the legality or enforceability of the remaining provisions of this Agreement or any instrument or
agreement required hereunder.

     10.12 No Third Parties Benefited. This Agreement is made and entered into for the
sole protection and legal benefit of the Borrower and the Lender (including Lender’s officers,
agents, attorneys-in-fact and Affiliates), and their permitted successors and assigns, and no other
Person shall

42

 

be a direct or indirect legal beneficiary of, or have any direct or indirect cause of
action or claim in connection with, this Agreement or any of the other Loan Documents.

     10.13 Governing Law and Jurisdiction.

     (a) THIS AGREEMENT AND THE NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAW OF THE STATE OF ILLINOIS.

     (b) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT, THE NOTE OR ANY OTHER LOAN
DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF ILLINOIS OR OF THE UNITED STATES FOR THE
NORTHERN DISTRICT OF ILLINOIS, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH OF THE
BORROWER AND THE LENDER CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE
JURISDICTION OF THOSE COURTS. EACH OF THE BORROWER AND THE LENDER IRREVOCABLY WAIVES ANY
OBJECTION, INCLUDING ANY OBJECTION TO 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 ACTION OR PROCEEDING IN SUCH
JURISDICTION IN RESPECT OF THIS AGREEMENT OR ANY DOCUMENT RELATED HERETO. THE BORROWER AND THE
LENDER EACH WAIVE PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY
ANY OTHER MEANS PERMITTED BY ILLINOIS LAW.

     10.14 Waiver of Jury Trial. THE BORROWER AND THE LENDER EACH WAIVE THEIR RESPECTIVE
RIGHTS TO A TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF OR RELATED
TO THIS AGREEMENT, THE NOTE, THE OTHER LOAN DOCUMENTS, OR THE TRANSACTIONS CONTEMPLATED HEREBY OR
THEREBY, IN ANY ACTION, PROCEEDING OR OTHER LITIGATION OF ANY TYPE BROUGHT BY ANY OF THE PARTIES
AGAINST ANY OTHER PARTY, PARTICIPANT OR ASSIGNEE, WHETHER WITH RESPECT TO CONTRACT CLAIMS, TORT
CLAIMS, OR OTHERWISE. THE BORROWER AND THE LENDER EACH AGREE THAT ANY SUCH CLAIM OR CAUSE OF
ACTION SHALL BE TRIED BY A COURT TRIAL WITHOUT A JURY. WITHOUT LIMITING THE FOREGOING, THE PARTIES
FURTHER AGREE THAT THEIR RESPECTIVE RIGHT TO A TRIAL BY JURY IS WAIVED BY OPERATION OF THIS SECTION
AS TO ANY ACTION, COUNTERCLAIM OR OTHER PROCEEDING WHICH SEEKS, IN WHOLE OR IN PART, TO CHALLENGE
THE VALIDITY OR ENFORCEABILITY OF THIS AGREEMENT, THE NOTE OR THE OTHER LOAN DOCUMENTS OR ANY
PROVISION HEREOF OR THEREOF. THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS,
SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT, THE NOTE AND THE OTHER LOAN DOCUMENTS.

     10.15 Entire Agreement. This Agreement together with the Note and the other Loan
Documents constitute the entire agreement of the parties with respect to the subject matter hereof
and shall supersede any prior expressions of intent or understanding with respect to this
transaction.

     10.16 USA PATRIOT Act. The Lender is subject to the requirements of the USA Patriot
Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”)
and hereby notifies the Borrower that pursuant to the requirements of the Patriot Act, it is
required to obtain,

43

 

verify and record information that identifies the Borrower, which information
includes the name and address of the Borrower and other information that will allow the Lender to
identify the Borrower in accordance with the Patriot Act.

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

44

 

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

BORROWER:

	 	 	 	 	 
	 	TELVENT TRAFFIC NORTH AMERICA INC.

 	 
	 	By:  	/s/ Ana Plaza
 	 
	 	Name:  	Ana Plaza 	 
	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	               /s/ Cameron Demcoe
 	 
	 	Name:  	Cameron Demcoe 	 
	 	Title:  	Secretary 	 
	 

LENDER

	 	 	 	 	 
	 	LASALLE BANK NATIONAL ASSOCIATION

 	 
	 	By:  	/s/ Amy Kehoe
 	 
	 	Name:  	Amy Kehoe 	 
	 	Title:  	First Vice President
 	 
	 

45

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}]]