Document:

exv10w52

Exhibit 10.52

FORM OF OMNIBUS AMENDMENT

TO

NOTE DOCUMENTS

     THIS OMNIBUS AMENDMENT TO NOTE DOCUMENTS (this “Amendment”) is entered into as of June
___, 2010 (the “Amendment Date”), by and among H & W MOVIE PARTNERS, LLC, a Delaware limited
liability company (“HWMP”), THE FILM DEPARTMENT HOLDING, INC, a Delaware corporation (which
is successor to “The Film Department Holdings LLC,” “Holdings”), THE FILM DEPARTMENT LLC, a
Delaware limited liability company (“Company”), the other Company Parties (as defined in
the Buyout Agreement referred to below), [Union Bank, N.A., a national banking association
(“Union”)][Revise Collateral Agent definition if Union not stepping back in], in its
capacity as collateral agent for the Holders, and the Holders (“Collateral Agent”), and the
Holders set forth on the signature pages to this Amendment (each a “Holder” and
collectively, the “Holders”).

RECITALS

     A. Reference is hereby made to that certain Securities Purchase Agreement, dated as of June
27, 2007 (as amended, restated, supplemented or otherwise modified from time to time prior to the
date hereof, including pursuant to that certain Forbearance Agreement and Amendment to Securities
Purchase Agreement dated as of September 2, 2009, as amended from time to time prior to the date
hereof (as amended, restated, supplemented or otherwise modified from time to time prior to the
date hereof, the “Forbearance Agreement”), the “SPA”), among Holdings, Company, and
Collateral Agent;

     B. Reference is also made to that certain Guaranty and Security Agreement, dated as of June
27, 2007 (as amended, restated, supplemented or otherwise modified from time to time prior to the
date hereof, the “Guaranty and Security Agreement”), by Holdings and each of the other
Grantors party thereto in favor of Collateral Agent for the Holders and each Secured Party (as
defined in the SPA);

     C. The EP Obligations are secured, pursuant to the Security Documents, by first priority liens
that have been duly perfected by the filing of UCC-1 financing statements against each Company
Party in the appropriate filing office, the recording of copyright security agreements against all
registered copyrights constituting Collateral, and by the taking of such other appropriate actions
under the UCC and other applicable laws.

     D. Reference is also made to (1) that certain Buyout Agreement, dated as November 23, 2009 (as
amended, restated, supplemented or otherwise modified from time to time prior to the date hereof,
the “Buyout Agreement”), among HWMP, Holdings, Company, the other Company Parties (as
defined therein) party thereto, Union, in its capacity as collateral agent for the Holders, and the
Holders, and (2) that certain Participation Agreement, dated as of November 23, 2009 (as amended,
restated, supplemented or otherwise modified from time to time prior to the date hereof, the
“Participation Agreement”), between Earthbound Films, LLC, a Delaware limited liability
company (“EB Producer”), and the Holders, with respect to the motion picture project
currently entitled “Earthbound”.

     E. Pursuant to that certain Notice of Collateral Agent and Second Lien Agent Resignation dated
January 11, 2010, from Union Bank, N.A. (“Union Bank”) to the Persons listed on
Schedule 1 thereto (the “Notice of Resignation”), following the satisfaction of the
obligations of the Company Parties under the Credit Agreement and the Notes issued to the Lenders
thereunder, Union Bank resigned as Collateral Agent under the Note Documents in accordance with
Section 10.9 of the Securities Purchase Agreement effective 30 days from the date thereof
(the “Resignation Effective Date”) and also resigned

 

 

as the Second Lien Agent (as defined in the Intercreditor Agreement) under the Intercreditor
Agreement (as defined in the SPA) effective as of February 10, 2010. As no successor Collateral
Agent has accepted a valid appointment in accordance with Section 10.9 of the SPA, Holders
have assumed and are performing all duties of the Collateral Agent effective as of the Resignation
Effective Date in accordance with Section 10.9 of the Securities Purchase Agreement.

     F. As of June ___, 2010, the outstanding balance of the EP Obligations (including principal,
interest and unreimbursed expenses) was $                    .

     G. Holdings has requested, and subject to the terms and conditions set forth herein, as of the
Effective Date (as defined in Section 2 herein), the Holders have agreed to further modify and
amend the SPA, the Forbearance Agreement, the Buyout Agreement, the Guaranty and Security Agreement
and the other Note Documents as set forth below.

     H. Capitalized terms used herein without definition shall have the respective meaning ascribed
to such terms in the Buyout Agreement, the Forbearance Agreement, the SPA, the Guaranty and
Security Agreement, the Participation Agreement, or the other Note Documents, as applicable.

AGREEMENT

     NOW, THEREFORE, in consideration of the mutual agreements herein contained and other good and
valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties
hereto agree as follows:

1. AMENDMENTS TO NOTE DOCUMENTS. Notwithstanding anything to the contrary in any Note Document or
any schedule, exhibit or annex to any of them, as of the Effective Date, the parties agree to
further amend and modify the Note Documents as follows:

	 	(a)	 	Amendments to SPA:

          (i) Section 1.1 is amended by amending and restating in their entirety or adding each
of the following defined terms, as the case may be, as follows:

     “Amendment” means that certain Omnibus Amendment to Note Documents, dated as of June
___, 2010.

     [“Cash Collateral Account” means a deposit account or securities account in the name
of [Union Bank, N.A.] (Collateral Agent), [The Film Department, LLC] — Control Account, and under
the sole control (as defined in the applicable UCC) of the Collateral Agent.”][TBD: Confirm no such
accounts]

     “Collection Account” means a Cash Collateral Account, bearing account number
                    , maintained with a Collection Bank and designated as ‘[The Film Department]
Collection Account’. [TBD Currently maintained in the name of TFD; exploring re-titling in the
relevant Film SPE’s name.]

     “Collection Account Agreement” means an agreement, in form and substance satisfactory
to the Collateral Agent, among [the Company][Consider changing to the Film SPEs if they are
administering the Collection Account], the Collateral Agent, the Collection Bank and the other
parties thereto pursuant to which amounts on deposit in the Collection Account are administered and
allocated to

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satisfy the payment obligations of the Company in accordance with the payment waterfall set forth
on Schedule II hereto.”

     “Collections” means all cash, checks, notes, instruments, and other items of payment
(including insurance proceeds, tax refunds and proceeds from a Sale or financing of any Tax
Incentive) relating to, arising in respect of, or otherwise constituting proceeds of any Film
Collateral.

     “Film” means exclusively each of the following motion pictures produced by or on
behalf of a Company Party (under whatever title such motion may hereafter become known) and
presently entitled : (a) “The Rebound”; and (b) “Law Abiding Citizen”.

     “Film SPE” means each of: (i) Rebound Distribution, LLC, a Delaware limited liability
company, and (ii) LAC Films, LLC, a Delaware limited liability company or their respective
successors.

     “Material Adverse Effect” means an effect that results in or causes, or could
reasonably be expected to result in or cause, a material adverse change in any of (a) the condition
(financial or otherwise), business, performance, prospects, operations or property of (i) either
Film or Film SPE (as defined in the Forbearance Agreement) or (ii) to the extent such effect
relates to or could reasonably be expected to affect any rights or interests of the Collateral
Agent and/or the Holders in the Collateral and/or the timely payment or performance of the EP
Obligations (as defined in the Forbearance Agreement), any Group Member, (b) the ability of any
Note Party to perform its obligations under any Note Document to the extent the same could
reasonably be expected to materially and adversely affect the Collateral Agent’s, the Holders’ or
any other Secured Party’s rights, remedies or recovery with respect to the Collateral and/or the EP
Obligations, and (c) the validity or enforceability of any Note Document or the rights and remedies
of the Collateral Agent, the Holders and the other Secured Parties under any Note Document.
Notwithstanding anything to the contrary herein or in any other Note Document, the failure at any
time of (x) any Film SPE to comply with clauses (a) and (b) of Section 7.1 hereof as
written (without giving effect to the exception following clause (b)) or (y) the Company to comply
with Section 7.10(c) hereof shall each be deemed to automatically, and without the giving
of notice and/or expiration of any other applicable cure period, constitute the occurrence of a
Material Adverse Effect.”

     “Scheduled Maturity Date” means June 27, 2012.”

          (ii) Section 2.6 is amended and restated in its entirety to read as follows:

     “Optional Prepayments. The Company may, at any time or from time to time prepay the
Notes in whole or from time to time in part (any such partial prepayment to be made pro
rata among the Holders, and in a minimum aggregate amount of $1,000,000) with no premium or
penalty.”

          (iii) Except as specified hereinafter with respect to a specific section, subsection or
provision thereof, exclusively at all times that Holdings is then subject to and in compliance with
Section 13 or 15(d) of the Exchange Act, Article VI is deemed modified and amended to the
extent necessary to provide that notwithstanding the express requirements thereof, Holdings and the
Company shall only be required to provide to the Holders such information and/or reports required
to be delivered to the Purchasers under such Section to the extent such information or report
relates solely or primarily (directly or indirectly) to a Film SPE, a Film, any other item of
Collateral and/or any other matters that have had. or could reasonably be expected to have, an
adverse effect upon the condition (financial or otherwise) of a Film SPE, or otherwise involves or
relates to a Film, any item of Collateral and/or, to the extent that the same could have a Material
Adverse Effect, the ability of any Note Party to perform any of its obligations under any Note
Document to which it is a party; provided, however, at the request of the
Collateral Agent

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or any Holder, Holdings shall provide copies of any such reports or financial information that
it has filed or is required to file with the SEC within 15 days after it files or is required to
file the same with the SEC (whether or not required by the reporting requirements of Section 13 or
15(d) of the Exchange Act). Notwithstanding the immediately preceding sentence, Holdings and the
Company shall:

               (A) provide the Collateral Agent and the Holders a summary of insurance coverage maintained
with respect to each Film SPE, each Film and the other Collateral at such times as required under
Section 6.1(h);

               (B) comply with and provide the Holders with all notices and information as and when required
under Section 6.2, provided, however, (i) its reporting obligations under clause
(b) thereof shall be limited to such information to the extent directly or indirectly affecting a
Film SPE, a Film and/or any other item of Collateral and/or that could reasonably be expected to
have a Material Adverse Effect and (ii) it shall not be required to provide the notices and
information required by clause (c) thereof; and

               (C) comply with the provisions of Section 6.9 as in effect without giving effect to the
Amendment.

          (iv) Except as specified hereinafter with respect to a specific section, subsection or
provision thereof, Article VII is deemed amended to the extent necessary to limit the
application of such covenants and provisions in each instance to the Film SPEs, the Films and/or
any other Collateral and/or any other covenants the failure to comply with which could reasonably
be expected to adversely affect the ability of any Note Party to pay perform the EP Obligations and
any of its obligations under any Note Document to which it is a party or result in the occurrence
of a Material Adverse Effect. Notwithstanding the immediately preceding sentence:

               (A) Section 7.5 shall be amended by deleting clause (c) thereof and replacing it with
the following:

     “(c) maintain in full force and effect the Key Man Insurance Policies, together with a
collateral assignment of the proceeds thereof in favor of the Collateral Agent (and, with respect
to such Key Man Insurance Policies, such Key Man Insurance Policies shall be extended, renewed or
replaced with alternative Key Man Insurance Policies no later than 30 days prior to the stated
expiry thereof).”

               (B) Section 7.9 shall remain in effect without giving effect to this Amendment;

               (C) Section 7.10 shall be amended and restated in its entirety to read as follows:

     “Additional Collateral and Guaranties. To the extent not delivered to the Collateral
Agent on or before the Closing Date (including in respect of after-acquired property and Persons
that become Subsidiaries of any Note Party after the Closing Date and have any interest in the
Collateral), each Group Member that has any interest in the Collateral shall, promptly, do each of
the following, unless otherwise agreed by the Required Holders:

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     (a) deliver to the Collateral Agent such modifications to the terms of the Note Documents (or,
to the extent applicable as determined by the Collateral Agent, such other documents), in each case
in form and substance reasonably satisfactory to the Collateral Agent and as the Collateral Agent
reasonably deems necessary or advisable in order to ensure that each Subsidiary of any Note Party
that has an interest in the Collateral shall effectively grant to the Collateral Agent, for the
benefit of the Secured Parties, a valid and enforceable security interest in all of its property
that constitutes Collateral, including all of its interests in any Stock and Stock Equivalents and
other Securities in each Film SPE, as security for the Obligations;

     (b) deliver to the Collateral Agent all documents representing all Stock, Stock Equivalents
and other Securities pledged pursuant to the documents delivered pursuant to clause (a)
above, together with undated powers or endorsements duly executed in blank; and

     (c) take all other actions necessary or advisable to ensure the validity or continuing
validity of any guaranty for any Obligation or any Lien securing any Obligation, to perfect,
maintain, evidence or enforce any Lien in Collateral securing any Obligation or to ensure such
Liens have the same priority as that of the Liens on similar Collateral set forth in the Note
Documents executed on the Closing Date (or, for Collateral located outside the United States, a
similar priority acceptable to the Collateral Agent), including the filing of UCC financing
statements in such jurisdictions as may be required by the Note Documents or applicable
Requirements of Law or as the Collateral Agent may otherwise reasonably request (and Holdings and
the Company each hereby ratify its authorization for the Collateral Agent to have filed any initial
financing statement or amendment thereto under the UCC (or other similar laws) in effect in any
jurisdiction if filed prior to the date hereof).

     Notwithstanding anything to the contrary in this Section 7.10 or any other Note Document, from
and after the “Effective Date” (as defined in the Amendment), except with respect to actions deemed
necessary or desirable by the Holders at any time or from time to time with respect to the
granting, perfection, priority and maintenance of the Collateral Agent’s Lien on the Stock and/or
Stock Equivalents of each Film SPE, this Section 7.10 will not require the delivery of Stock or
Stock Equivalents with respect to any Subsidiaries of any Note Party.”

               (D) Section 7.11 shall be amended and restated in its entirety to read as follows:

     “Deposit Accounts; Securities Accounts, Collection Accounts and Cash Collateral
Accounts. In each instance, subject to the provisions of the Waterfall (as defined in the
Forbearance Agreement) : (a) each Group Member that at any time receives Collections or any cash
proceeds of any Collateral shall (i) deposit immediately upon receipt all Collections and cash
proceeds of Collateral in the Collection Account, (ii) request in writing and otherwise take such
reasonable steps to ensure that all of their respective account debtors (including any completion
guarantors or other insurers) forward payment of all Collections and other cash proceeds of
Collateral owed by them to such Group Member directly to the Collection Account, (iii) deposit
immediately all of its Cash Equivalents constituting Collateral or the proceeds thereof in
securities accounts that are Controlled Securities Accounts, (iv) if it is responsible for the
payment of participations and residuals for any Film, establish and maintain a P&R Reserve Account
and maintain funds on deposit in such account sufficient to satisfy the participations and
residuals obligations of the Company or other Group Member that are required to be satisfied from
time to time in respect of any Film and (v) cause all of their respective deposit accounts and
securities accounts into which Collections or any cash proceeds of Collateral are at any time
deposited to be Controlled Deposit Accounts or Controlled Securities Accounts, as the case may be
(other than any deposit accounts that are
Cash Collateral Accounts); provided, however, that each Group Member may
maintain payroll,

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withholding tax and other fiduciary accounts that are not Controlled Deposit
Accounts and this clause (v) shall not apply as to any Group Member that does not have the right to
receive Collections or any cash proceeds thereof.

     (b) All funds maintained in the Collection Account shall be governed by the Collection Account
Agreement and shall be invested solely in Cash Equivalents.

     (c) No Secured Party shall have any responsibility for, or bear any risk of loss of, any
investment or income of any funds in any Controlled Deposit Account or Cash Collateral Account.
From time to time after funds are deposited in a Cash Collateral Account, the Collateral Agent
shall transfer funds then held in such Cash Collateral Account for application to the payment of
Obligations in accordance with the terms of the Guaranty and Security Agreement. No Group Member
and no Person claiming on behalf of or through any Group Member shall have any right to demand
payment of any funds held in any Cash Collateral Account at any time prior to the payment in full
of all Obligations.”

          (v) Article VIII is amended and restated in its entirety to read as follows:

     “NEGATIVE COVENANTS

     Each Note Party agrees with the Holders and the Collateral Agent to each of the following, as
long as any Obligation remains outstanding:

     Section 8.1 [Intentionally Omitted]

     Section 8.2 [Intentionally Omitted]

     Section 8.3 Investments. No Film SPE shall make or maintain, directly or
indirectly, any Investment except for the following:

     (a) Investments in cash and Cash Equivalents; and

     (b) endorsements for collection or deposit in the ordinary course of business consistent with
past practice.

     Section 8.4 Asset Sales. No Group Member shall Sell any of its property that
constitutes Collateral, including, without limitation, pursuant to a Library Liquidity Event, or,
solely with respect to a Film SPE, issue shares of its own Stock, except, with respect to a Film
SPE, for licenses, grants and sales of distribution rights in Films pursuant to Permitted
Distribution Agreements entered into in the ordinary course of business.

     Section 8.5 Restricted Payments.No Film SPE shall directly or indirectly,
declare, order, pay, make or set apart any sum for any Restricted Payment. No other Note Party
shall directly or indirectly, declare, order, pay, make or set apart any sum for any Restricted
Payment to the extent that such action results in or could reasonably be expected to result in the
occurrence of a Material Adverse Effect.

     Section 8.6 Prepayment of Obligations. No Group Member shall (x) prepay, redeem,
purchase, defease or otherwise satisfy prior to the scheduled maturity thereof any Indebtedness,
(y) set

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apart any property for such purpose, whether directly or indirectly and whether to a
sinking fund, a similar fund or otherwise, or (z) make any payment in violation of any
subordination terms of any Indebtedness, in each case to the extent that such action results in or
could reasonably be expected to result in a Material Adverse Effect.

     Section 8.7 Fundamental Changes. No Group Member shall (a) dissolve or liquidate
(except for a dissolution or liquidation of any PSC following completion and delivery of the
Qualifying Film for which such PSC was formed), (b) merge, consolidate or amalgamate with any
Person, (c) acquire all or substantially all of the Stock or Stock Equivalents of any Person
(except in connection with the organization by the Company of new Wholly Owned Subsidiaries) or (d)
acquire any brand or all or substantially all of the assets of any Person or all or substantially
all of the assets constituting any line of business, division, branch, operating division or other
unit operation of any Person, in each case except for the following: (y) the merger, consolidation
or amalgamation of any Subsidiary of the Company (other than a Film SPE) into any Note Party and
(z) the merger, consolidation or amalgamation of any Group Member (other than Holdings or either
Film SPE) for the sole purpose, and with the sole material effect, of changing its State of
organization within the United States; provided, however, that (A) in the case of
any merger, consolidation or amalgamation involving the Company, the Company shall be the surviving
Person and (B) in the case of any merger, consolidation or amalgamation involving any other Note
Party, a Note Party shall be the surviving corporation and all actions required to maintain the
perfection of the Lien of the Collateral Agent on the Stock or property of such Note Party shall
have been made.

     Section 8.8 Change in Nature of Business. None of the Company or any Film SPE shall
carry on any business, operations or activities (whether directly, through a joint venture, or
otherwise) substantially different from those contemplated to be carried on by the Company and the
Film SPEs at the effective date of the Amendment and business, operations and activities reasonably
related thereto.

     Section 8.9 Transactions with Affiliates. Neither Film SPE shall, except as otherwise
expressly permitted herein, enter into any other transaction directly or indirectly with, or for
the benefit of, the Company or any Affiliate of the Company (including Guaranty Obligations with
respect to any obligation of any such Affiliate), except for transactions in the ordinary course of
business on a basis no less favorable to such Group Member as would be obtained in a comparable
arm’s length transaction with a Person not an Affiliate of the Company.

     Section 8.10 Third-Party Restrictions on Indebtedness, Liens, Investments or Restricted
Payments. No Group Member that owns or holds any interest in Collateral shall incur or
otherwise suffer to exist or become effective or remain liable on or responsible for any
Contractual Obligation limiting the ability of any Group Member to incur or suffer to exist any
Lien upon any property of any Group Member that constitutes Collateral, whether now owned or
hereafter acquired (including any “equal and ratable” clause and any similar Contractual Obligation
requiring, when a Lien is granted on any property, another Lien to be granted on such property or
any other property), except pursuant to the Note Documents.

     Section 8.11 Modification of Certain Documents. No Note Party shall do any of the
following: waive or otherwise modify any term of any Constituent Document of, or otherwise change
the capital structure of, any Note Party (including the terms of any of their outstanding Stock or
Stock Equivalents), in each case except for those modifications and waivers that (x) exclusively
with respect to each Film SPE, do not elect, or permit the election, to treat the Stock or Stock
Equivalents of any limited liability company (or similar entity), as a security and (y) in the case
of any such Constituent Documents,
do not result in a Material Adverse Effect or materially and adversely affect the interests of
any Secured Party in connection with the Obligations, under the Note Documents or in the
Collateral.

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     Section 8.12 Accounting Changes; Fiscal Year. No Note Party shall change its (a)
accounting treatment or reporting practices, except as required by GAAP or any Requirement of Law,
or (b) its fiscal year or its method for determining fiscal quarters or fiscal months, in each
case, if doing so results in, or could reasonable be expected to result in, a Material Adverse
Effect.

     Section 8.13 Margin Regulations. No Group Member shall use all or any portion of the
proceeds of any credit extended hereunder to purchase or carry margin stock (within the meaning of
Regulation U of the Federal Reserve Board) in contravention of Regulation U of the Federal Reserve
Board.

     Section 8.14 Compliance with ERISA. No ERISA Affiliate shall cause or suffer to exist
(a) any event that could result in the imposition of a Lien with respect to any Title IV Plan or
Multiemployer Plan or (b) any other ERISA Event, that would, in the aggregate, have a Material
Adverse Effect. No Group Member shall cause or suffer to exist any event that could result in the
imposition of a Lien with respect to any Benefit Plan that would, in the aggregate, have a Material
Adverse Effect.

     Section 8.15 Hazardous Materials. No Group Member shall cause or suffer to exist any
Release of any Hazardous Material at, to or from any real property owned, leased, subleased or
otherwise operated or occupied by any Group Member that would violate any Environmental Law, form
the basis for any Environmental Liabilities or otherwise adversely affect the value or
marketability of any real property (whether or not owned by any Group Member), other than such
violations, Environmental Liabilities and effects that would not, in the aggregate, have a Material
Adverse Effect.

     Section 8.16 [Intentionally Omitted]

     Section 8.17 [Intentionally Omitted]

     Section 8.18 [Intentionally Omitted]”

          (vi) A new Article XIV is added and shall read as follows:

     “ LIMITED RECOURSE NATURE OF OBLIGATIONS

     Section 14.1 Limited Recourse Nature of Obligations. Subject in all respects to the
last sentence of this Section 14.1, but notwithstanding any other contrary term or
provision contained herein or in the other Note Documents (including, without limitation, the
Guaranty and Security Agreement), recourse by the Collateral Agent or any other Secured Party
against any Note Party (other than a Film SPE) hereunder or under the other Note Documents shall be
limited solely to the Collateral and the proceeds of Collateral to satisfy the Obligations
represented by the Notes and no Note Party (other than the Film SPEs) shall be liable hereunder or
under any other Note Document solely due to the fact that the Collateral proves to be insufficient
to satisfy such Obligations. Notwithstanding anything to the contrary herein or in any other Note
Document, including the first sentence of this Section 14.1, upon the occurrence of any
Event of Default resulting or arising from the inaccuracy of any representation or the breach of
any covenant in any Note Document, the Collateral Agent and the Secured Parties shall not be
limited to seeking repayment from and recovering solely against the Collateral and the Film SPEs
and instead shall have recourse against each Group Member, and may exercise all rights and remedies
under
applicable laws and in equity (including seeking specific performance of or enjoining the breach of
any other Note Document) in order to obtain full satisfaction of all losses, damages and other
claims arising from such Event of Default, including satisfaction of the Obligations as well as all
costs of any exercise

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by them of such remedies, whether incurred before or during the pendency of
any bankruptcy case or other insolvency proceeding.”

	 	(b)	 	Amendments to Guaranty and Security Agreement:

          (i) The definition of “Collateral” shall be amended by adding the following paragraph
at the end thereof:

     “Notwithstanding anything to the contrary herein or in any other Note Document, except as
provided in the next sentence hereof, the term “Collateral” shall not include (and Collateral Agent
hereby releases any Lien previously granted to it in) any of the following property of any Note
Party: (i) any Stock and/or Stock Equivalents owned by any Grantor, or (ii) any enumerated assets
or type or category of assets in the definition of “Collateral” to the extent such asset does not
constitute, comprise an element of, arise from, relate to or otherwise constitute direct or
indirect proceeds or products of or accessions to any (1) a Film, (2) Film Collateral, or (3)
Pledged Stock of each Film SPE. Notwithstanding the operation of the immediately preceding
sentence or any other provision in the Note Documents to the contrary, the term “Collateral” shall
for all purposes of the Note Documents include all of the Stock or Stock Equivalents of each of the
following Persons (together with any of their respective successors or assigns): (1) LAC Films, LLC
and (2) Rebound Distribution, LLC (and the Stock and/or Stock Equivalents of such Film SPEs shall,
for all purposes hereof and the other Note Documents, shall constitute “Pledged Stock” in which the
Collateral Agent, for the benefit of the Holders, has a perfected first priority Lien pursuant to
the terms of this Agreement and the other Note Documents).”

	 	(c)	 	Amendments to Forbearance Agreement:

          (i) Paragraph 1 of the email of September 2, 2009 from Jane McDonald to Mark Gill, Neil Sacker
and the other addressees and persons copied thereon to which the Forbearance Agreement is an
attachment (the “Email FA Amendment”) (and, to the extent confirmed or modified by the
Email FA Amendment, the related requirement 1 in Mark Gill’s email of August 30, 2009 to Bryan
LaCour (the “Email FA Proposal”)) shall have no further prospective force or effect;

          (ii) Paragraph 2 of the Email FA Amendment (and, to the extent confirmed or modified by the
Email FA Amendment, the related requirement 2 in the Email FA Proposal) is amended as follows:

               (A) the eight month time limit on the exercise of the option to conclude a binding commitment
to release “The Rebound” theatrically in the United States is eliminated;

               (B) sub-clause (iv) is amended to (1) increase the maximum P&A expenses limit therein to $25
million and (2) except as otherwise provided below, to permit the referenced P&A facility for the
United States theatrical release of “The Rebound” to be cross-collateralized as to other film
projects of the Company Parties; provided, however, that the Holders do not hereby
consent to, and no Company Party shall permit, any of the following Collections, monies or revenues
(or the proceeds of any of them) to be cross-collateralized or made available to repay any P&A or
other obligations incurred in respect of domestic distribution of “The Rebound”: (a) any
Collections (or proceeds thereof) arising from any source, media or territory with respect to “Law
Abiding Citizen”, (b) any Collections (or proceeds thereof) arising from the distribution or
licensing of rights relating to “The Rebound” in any media with
respect to any foreign territory, or (c) any Collections or revenues (or proceeds thereof)
arising from “Earthbound”, and, to the extent necessary to avoid a violation of the above proviso,
regardless of any calculations and/or allocations applicable to other Persons in connection with
such P&A facility,

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Holdings and the Company shall cause all calculations and allocations under any
such P&A facility which are applicable to or otherwise affect sums payable to Collateral Agent
and/or Holders to be made in accordance with the above proviso and to directly make payments to the
Collateral Agent and/or the Holders in respect of the United States theatrical release of “The
Rebound” and participation payments due to the Holders in respect of “Earthbound”, in each case as
and when due to them under the terms of the applicable Note Documents. Furthermore, the Holders do
not hereby consent to, and no Company Party shall permit, any of the following Collections, monies
or revenues (or the proceeds of any of them) to be cross-collateralized or made available to repay
the “Earthbound” production loan or any P&A or other obligations incurred in respect of the
distribution of “Earthbound”: any Collections (or proceeds thereof ) arising from any source, media
or territory with respect to “Law Abiding Citizen” or “The Rebound”, and, to the extent necessary
to avoid a violation of the above restriction, regardless of any calculations and/or allocations
applicable to other Persons in connection with such production loan or P&A facility, Holdings and
the Company shall cause all calculations and allocations under any such production loan or P&A
facility which are applicable to or otherwise affect sums payable to Collateral Agent and/or
Holders to be made in accordance with the above restrictions and to directly make payments to the
Collateral Agent and/or the Holders in respect of the distribution of “Earthbound”, any
participation payments due to the Holders in respect of “Earthbound”, in each case as and when due
to them under the terms of the Participation Agreement and other applicable Note Documents; and

               (C) sub-clause (viii) is amended to delete the following text: “(A) amounts owed to the senior
lenders and (B)”;

          (iii) Paragraphs 4 and 6 of the Email FA Amendment (and, to the extent confirmed or modified
by the Email FA Amendment, the related requirements 4 and 6 in the Email FA Proposal) are each
amended and restated to read as follows:

     “[Intentionally Omitted]

          (iv) Section 1 of the Forbearance Agreement is amended by adding the following at the
end thereof:

     “Capitalized terms used without definition herein and not defined in the Securities Purchase
Agreement shall have the meanings given to them in that certain Omnibus Amendment to Note
Documents, dated as of June ___, 2010 (the “Amendment”). In the event that any such terms
are defined in the Securities Purchase Agreement and are amended pursuant to the Amendment, such
terms shall have the amended meanings set forth in the Amendment.”

          (v) Section 4 of the Forbearance Agreement is amended as follows:

               (A) Subsection (f) is amended and restated in its entirety to read as follows:

     “[Intentionally Omitted]”;

               (B) Subsection (g) is amended and restated in its entirety to read as follows:

“Certain Negative Operational Covenants. Commencing upon the Effective Date, no Company
Party shall directly or indirectly do or permit or cause any of the following actions to be taken
by, or permit any such events or circumstances to occur or suffer to exist, by any Company Party,
without the express

10

 

 prior written approval of the Holders (which may be granted or withheld in
their sole and absolute discretion):

(i) Incur, make or enter into any agreement, covenant, liability, expenditure,
Investment, commitment or other obligation to any Person pursuant to which any
Company Party expends, or will or may be obligated to expend: (A) any amount of
Collections or other Collateral (or any proceeds thereof) whatsoever in connection
with domestic distribution of “The Rebound” (provided that the foregoing limitation
in connection with domestic distribution of “The Rebound” shall not apply to P&A
financing obtained by any Company Party from any unaffiliated third party and
working capital of Holdings which does not constitute or arise from Collections or
other Collateral (or any proceeds thereof), and which is obtained and expended in
accordance with the terms of paragraph 2 of the Email FA Amendment (as defined in
the Amendment); or (B) any aggregate amount (among all Company Parties) in excess of
$400,000 with respect to the distribution outside of the United States of “Law
Abiding Citizen”, or any aggregate amount (among all Company Parties) in excess of
$400,000 with respect to the distribution outside of the United States of “The
Rebound”;

(ii) Agree to or enter into any amendment to the Overture Agreement;

(iii) Agree to or enter into any transaction (in each case with respect to or
relating to either Film) directly or indirectly with, or for the benefit of, any
Affiliate of (A) Holdings, (B) the Company (that is not a Company Party bound by
this Agreement) or (C) a Designated Member;

(iv) Allow or permit any Company Party to incur or otherwise remain liable with
respect to or responsible for, any Indebtedness or Guaranty Obligations applicable
to “Law Abiding Citizen” and/or foreign distribution of “The Rebound”, except for
the following (“Permitted Indebtedness”): (A) the Obligations; (B) Guaranty
Obligations incurred in solely connection with the issuance of completion guaranties
in respect of the Film owned by such Film SPE by an Approved Completion Guarantor;
(C) Liabilities relating to participations, deferments and residuals incurred and
arising solely with respect to the development, production, distribution or other
exploitation of an existing Film; (D) Indebtedness of any Film SPE incurred prior to
the “Effective Date” (as such term defined in the Amendment) in connection with the
financing of any Tax Incentive or Transferable Tax Incentive Receivable in respect
of such Film SPE’s Film with a third party financier; provided, that the aggregate
principal amount of any such Indebtedness shall not exceed 100% of the face amount
of any such Tax Incentive, and (E) Indebtedness of LAC under the Overture Agreement;

(v) incur, maintain or otherwise suffer to exist any Lien upon or with respect to
any of portion of the Collateral, whether now owned or hereafter acquired, or assign
any right to receive income or profits of any portion of the Collateral, except for
the following (collectively, “Permitted Liens”): (A) Liens created pursuant
to this Agreement or any Second Lien Document; (B) Liens pursuant to written
security agreements (in form and substance reasonably acceptable to the Collateral
Agent) in favor of guilds required by the guilds pursuant to the terms of collective
bargaining agreements; provided, that such
Liens are subordinated to the Liens created under the Security Documents on a
non-cross collateralized basis with respect to the corresponding Film pursuant to a
Guild Subordination Agreement or otherwise as a matter of law; (C) Liens incurred in
the

11

 

ordinary course of business with regard to goods provided or services rendered
by laboratories and post-production facilities, so long as any such laboratory or
post-production facility has entered into a Laboratory Pledgeholder Agreement; (D)
Liens to secure distribution, exhibition and\or exploitation rights of licensees
pursuant to Permitted Distribution Agreements; provided, that such Liens
shall attach solely to the distribution, exhibition and\or exploitation rights
granted by the applicable Film SPE pursuant to the subject Permitted Distribution
Agreement and to non-exclusive rights of access to the materials in respect of the
Film that is the subject of the Permitted Distribution Agreement and to an interest
in the copyright of the Film to the extent necessary to permit the licensee to
exercise the distribution, exhibition and/or exploitation rights granted pursuant to
the subject Permitted Distribution Agreement; (E) Liens granted prior the Effective
Date of the Amendment in favor of an Approved Completion Guarantor in connection
with a completion bond issued with respect to any Film, to secure the right of such
Approved Completion Guarantor to recoup its contribution to any costs of such Film
and other amounts recoupable by it in respect thereof, provided, that such
Liens are subordinated to the Liens in favor of the Collateral Agent, in each case
on terms and conditions reasonably acceptable to the Collateral Agent, and in any
event solely with respect to the applicable Film on a non-cross collateralized
basis; (F) Liens (i) with respect to the payment of taxes, assessments or other
governmental charges or (ii) of suppliers, carriers, materialmen, warehousemen,
workmen or mechanics and other similar Liens, in each case imposed by law or arising
in the ordinary course of business, and, for each of the Liens in clauses (i) and
(ii) above for amounts that are not yet due or that are being contested in good
faith by appropriate proceedings diligently conducted and with respect to which
adequate reserves or other appropriate provisions are maintained on the books of
such Person in accordance with GAAP; (G) Liens of a collection bank on items in the
course of collection arising under Section 4-208 of the UCC or any similar Section
under any applicable UCC or any similar Requirement of Law of any foreign
jurisdiction; (H) judgment liens (other than for the payment of taxes, assessments
or other governmental charges) securing judgments and other proceedings not
constituting an Event of Default under Section 9.1(g) and pledges or cash
deposits made in lieu of, or to secure the performance of, judgment or appeal bonds
in respect of such judgments and proceedings; (I) Liens granted prior to the
Effective Date of the Amendment to any unaffiliated third-party financier of (i) a
Tax Incentive or (ii) a Transferable Tax Incentive Receivable (such a Lien a
“Transferable Tax Incentive Receivable Lien”), in each case pursuant to
arm’s length financing agreements containing customary terms and conditions with
such unaffiliated third party financier; provided that: such Lien extends
only to such Tax Incentive or Transferable Tax Incentive Receivable, as applicable;
and unless Collateral Agent has released its Liens in such Tax Incentive or
Transferable Tax Incentive Receivable, as applicable, to the extent permitted in
this Agreement or the other Note Documents, such Liens are subject to a
subordination or intercreditor agreement acceptable to the Collateral Agent
providing that such Liens are senior to the Liens created under the Security
Documents but only until such time as any loans made by such unaffiliated
third-party financier in connection therewith have been indefeasibly repaid in full;
provided, that any Transferable Tax Incentive Receivable Lien shall be subordinated
to the Liens created under the Security Documents until such time as the applicable
third party financier has advanced against such Transferable Tax Incentive
Receivable and the
proceeds of such advance have been deposited into the Collection Account; (J) Liens
granted prior to the Effective Date of the Amendment to any Tax Credit Counterparty
with respect to a Financed Transferable Tax Incentive, provided that: (i) such Liens
are

12

 

subordinated to the Liens created under the Security Documents pursuant to a
subordination or intercreditor agreement acceptable to the Collateral Agent until
such time as immediately available funds in an amount equal to (A) the purchase
price payable by such Tax Credit Counterparty under the Purchase Agreement with
respect to such Financed Transferable Tax Incentive has been deposited into the
Collection Account or (B) if such Financed Transferable Tax Incentive is financed by
a unaffiliated third party financier, that portion of the purchase price not
required to repay in full all Indebtedness of any Note Party incurred in connection
with such financing has been deposited into the Collection Account, and (ii) such
Lien extends only to such Tax Incentive; and (K) Liens in favor of an unaffiliated
third party provider of P&A financing exclusively with respect to the initial United
States theatrical release of “The Rebound”, granted pursuant to arm’s length
financing agreements containing customary terms and conditions with such
unaffiliated third party financier; provided that: such Lien extends only to
such P&A financing for “The Rebound”, and in connection therewith, the
Collateral Agent agrees to enter into a subordination or intercreditor agreement
acceptable to the Collateral Agent providing that such Liens are senior to the Liens
created under the Security Documents but only until such time as any loans made by
such third-party financier in connection therewith have been repaid in full;
provided, that any Lien granted to such P&A financier shall be subordinated to the
Liens created under the Security Documents until such time as the applicable
unaffiliated third party P&A financier has advanced the agreed upon P&A funding and
the proceeds of such advance have been deposited into a [Cash Collateral Account];

(vi) dispose or permit or consent to the disposition of the Collateral or any
portion or element thereof, except for the following: licenses, grants and sales of
exploitation rights in Films pursuant to Permitted Distribution Agreements entered
into in compliance with Subsections 4(g)(i) through (iii)) above and 4(j) below; and

(vii) exclusively with respect to each Film SPE, make any Restricted Payments.”;

               (C) Subsection (h) is deleted and replaced with the following: “[Intentionally Omitted]” ;

               (D) Subsection (j) is amended and restated in its entirety to read as follows:

     “Certain Affirmative Covenants. Notwithstanding anything to the contrary contained
in the Note Documents, commencing upon the Effective Date, Holdings and the Company shall, and
shall cause each Film SPE to, do each of the following in compliance with the Applicable Standard
of Care:

(i) Commence or continue its efforts to obtain and consummate distribution
agreements for the Films or any territories or media that are unsold as of the
Effective Date.

(ii) Meaningfully consult with the Holders on (A) all material terms of (I) such
distribution agreements for the Films prior to entering into any such distribution
agreements and (II) any amendments, restatements, supplements or other modifications
(including waivers) of any material distribution terms of any distribution agreement
(whether such distribution agreement was originally entered into before or after the
Effective Date) prior to entering into any of the foregoing, and (B) the strategy
for procuring distribution agreements for the Films in unsold territories.

13

 

(iii) Provide the Holders with (i) correct and complete copies of each distribution
agreement and other agreement entered into in connection with any Film, and all
amendments, restatements, supplements or other modifications (including waivers)
thereto in existence as of the Effective Date, (ii) correct and complete copies of
each distribution agreement and other agreement entered into in connection with any
Film and all amendments, restatements, supplements or other modifications (including
waivers) thereto that are entered into by any Company Party on or after the
Effective Date, in each case, no later than seven Business Days after entering into
any of the foregoing, and (iii) prior to the Effective Date (as defined in the
Amendment) provide the Holders with a complete and accurate schedule of all
distribution agreements, license agreements and all similar or related agreements
that have been entered into with respect to each Film providing the name, date,
parties and status of each such agreement.

(iv) Negotiate all new distribution agreements and any amendments, restatements,
supplements or other modifications (including waivers) of any distribution agreement
(whether such distribution agreement was originally entered into before or after the
Effective Date), in each case, on an arm’s length basis to maximize the amounts
available to be distributed to the Holders under the Waterfall, in a manner
consistent with the standards of a fiduciary for the benefit of the Holders.

(v) Satisfy the requirements for delivery of either a notice of availability,
laboratory access or delivery of all delivery materials required by each
distribution agreement to the extent required to trigger payment of each applicable
installment of the minimum guarantee payable under such distribution agreement.

(vi) Protect and enforce their rights under each distribution agreement, including
collecting all amounts and other things of value due to any Company Parties
thereunder; during the continuance of an Event of Default, the Collateral Agent may
enforce the obligations of Persons obligated on such distribution agreements and
exercise the rights of the Company Parties with respect thereto.

(vii) Make, permit, consent to or approve any accountings of Collections, expenses
(including distribution expenses), and any other items that are payable prior to
distributions to be made to the Holders pursuant to any tier of the Waterfall.

(viii) As to each Film, promptly submit to Holders each Company Settlement
Statement (as defined in the Credit Agreement) formerly required to be submitted to
the Credit Agreement Administrative Agent pursuant to the Credit Agreement (prior to
its termination). Each such Company Settlement Statement shall be submitted with
supporting detail and documentation, including a detailed statement with respect to
each Film setting forth the following items, for the period covered by the
applicable Company Settlement Statement: (i) all Collections, broken out by
territory (by way of example only: USA, Canada, UK, France, Japan), and to the
extent any Company Party receives the following information, such Collections shall
also be broken out within each territory, by media (by way of example only:
theatrical, home video, pay television, free television, merchandise); and (ii) the
calculation (and to the extent any Company Party
receives such information, the recipient) of all amounts to be applied, paid,
recouped, offset, reimbursed or otherwise accounted for pursuant to the Waterfall,
including all residuals, participations and distribution expenses.”

14

 

               (E) Subsection (k) is amended and restated in its entirety to read as follows:

     “[Intentionally Omitted]”.

     (d) Amendments to Buyout Agreement:

          (i) [Until such time as the Holders designate a new Collateral Agent, all references to the
“Collateral Agent” in any of the Note Documents shall be deemed to refer to the Holders or their
designee;]

          (ii) Section 5 (a) is amended and restated to read in its entirety as follows:

     “Paydown Provisions Applicable in IPO Transaction. The following paydown provisions
shall apply if the initial Equity Transaction is an IPO.

          (i) Initial Cash Paydown on Closing of IPO. HWMP, Delaware Company and Holdings shall
cause the underwriter of the IPO to remit directly to an account designated by the Collateral Agent
for the benefit of the Holders, concurrently with its first remittance to Delaware Company or any
Company Party of any net cash proceeds of the IPO, immediately available funds in an amount equal
to the then current outstanding amount of the EP Obligations, minus $16.5 million (the
“Initial IPO Cash Paydown”). Holdings and HWMP each hereby agrees to cause the Equity
Transaction documents to provide for payment to the Collateral Agent for the benefit of the Holders
of the Initial IPO Cash Paydown as an express and required use of proceeds of the IPO.

          (ii) Holders’ Securities on Closing of IPO. At the closing of the IPO, Holders also
shall receive for no additional consideration, in addition to the Initial IPO Cash Paydown, (X)
shares of common stock of Delaware Company having a Value (as defined below) equal to $1.5 million,
which shares of common stock shall be issued at the closing of the first issuance by Delaware
Company of securities in the IPO (the “IPO Shares”) and (Y) warrants (in a form acceptable
to Holders) to purchase 150,000 shares of common stock of Delaware Company at a price equal to 130%
of the actual per share issuance price to the public of shares of common stock of Delaware Company
in the IPO, which warrants shall be exercisable for a period of five years following the closing of
the IPO (the “IPO Warrants” and, together with the IPO Shares, the “IPO
Securities”). As used herein, “Value” shall be defined as the product of (A) the
number of shares of common stock to be issued by Delaware Company to Holders, multiplied by
(B) the actual per share issuance price to the public of shares of common stock of Delaware Company
in the IPO. The IPO Securities shall be allocated among Holders (or their respective designees) in
accordance with their respective Pro Rata Shares as in effect immediately prior to the date of
receipt by Holders of the Initial IPO Cash Paydown or as otherwise designated by Holders to
Holdings in writing prior to such date.

          (iii) Additional Payments to Holders Following Closing of IPO. Following the
Initial IPO Cash Paydown and the delivery to the Holders of the IPO Securities, the balance of the
EP Obligations shall be permanently reduced by the sum of (X) the IPO Cash Paydown and (Y) $1.5
million (i.e., the Value of the IPO Shares). Thereafter, until such time as the EP Obligations are
repaid in full in cash, the remittance and application of all Collections and other proceeds of
Collateral shall continue to be governed by and applied and allocated in accordance with the
Waterfall. Notwithstanding anything in any Note Document to the contrary, Holdings and the Company
may obtain one or more loans (collectively, the “EP Takeout Loan”) from Union (and/or such
other lenders as may make such loan(s)) secured in whole or in part by the Collateral to fund, the
proceeds of which EP Takeout Loan shall be utilized (either exclusively or, to the extent not
sufficient to effect the full paydown of the EP Obligations,

15

 

together with other monies derived
from other sources) exclusively for the payment in full in cash of all (but not less than all) of
the EP Obligations then outstanding at the effective time of the funding of such EP Takeout Loan
(the “Payoff Amount”); provided, however, that in no event shall any EP Takeout Loan be
incurred or any Liens granted to any Person in anticipation or connection therewith until and
unless the EP Obligations have all been (or concurrently with the making of the EP Takeout Loan,
are) paid in full in cash. All payments to Holders under this Section 5 shall be deemed
applied first against any unreimbursed costs and expenses of the Collateral Agent and the Holders,
then against interest and then against the principal portion of the Payoff Amount. Holdings shall
have the right, not later than the date of receipt by Holders of the Initial IPO Cash Paydown, to
cause Holders to receive (concurrently with the Initial IPO Cash Paydown), an amount equal to the
Payoff Amount in full satisfaction of the EP Obligations.

          (iv) Treatment of Payoff Period Interest. Notwithstanding anything to the contrary in
any Note Document, if (and only if) all (but not less than all) of the Payoff Amount has been paid
in full in cash to and received by the Holders in accordance with this Section 5(c) on or
before the expiration of the 60 day period commencing on (but not including) the date of the
Amendment (the “Payoff Period”), all interest that has accrued and/or would have been due
and payable under the terms of the Notes and the Forbearance Agreement on the EP Obligations during
the Payoff Period (the “Payoff Period Interest”) shall be deemed forgiven, shall no longer
constitute an EP Obligation, and shall not be required to be paid to the Holders at the time of or
as part of the Payoff Amount. If, however, the Payoff Amount is not paid in full in cash to and
received by the Holders in accordance with this Section 5(c) before the expiration of the
Payoff Period, all Payoff Period Interest shall be unaffected by the immediately previous sentence
and shall accrue, be due and payable at such times, and otherwise be governed by and treated in
accordance with and pursuant to the terms and provisions of the Notes and the Forbearance Agreement
(as the same may be amended by other provisions of this Amendment, but without giving effect to the
first sentence of this paragraph). For purposes of clarification, it is the intention of the
parties that Payoff Period Interest shall continue to accrue during the Payoff Period in accordance
with the terms of the Note Documents, subject only to its forgiveness upon strict compliance with
and satisfaction of all of the conditions set forth in the first sentence of this paragraph.”;

          (v) Section 5(d) is amended and restated to read in its entirety as follows:

     “Discharge of Obligations Under, Release of Liens Created by, and Termination of Note
Documents. Effective immediately upon receipt by Holders of the Payoff Amount or the Initial
Private Equity Investment Cash Paydown, as applicable, and the execution and delivery by Delaware
Company (as applicable), Holdings and the other Company Parties, on the one hand, and Collateral
Agent (if the Holders are not then acting as Collateral Agent) and Holders, on the other hand, of a
mutual general release of any and all claims arising from or in respect of the Note Documents as of
such date of receipt by Holders of the Payoff Amount or the Initial Private Equity Investment Cash
Paydown, as applicable (which release shall be in substantially the form of the release set forth
in Section 26 hereof but fashioned as a mutual release and shall except from its scope the
rights and obligations of such parties under this Agreement (other than those rights and
obligations hereunder that are discharged as set forth below)): (i) all Obligations under the Note
Documents (other than those Obligations that are expressly stated to survive the termination of the
Note Documents, which Obligations are hereby expressly assumed by any successor in interest to
Holdings’ obligations hereunder and under any other Note Document, including,
without limitation, Delaware Company) shall thereupon be completely discharged and satisfied in
full, and each Company Party shall thereupon be released from all liability therefor; (ii) all
liens and security interests created by the Note Documents in and to the Collateral shall thereupon
be released and terminated without the need for any further action; (iii) all Note Documents shall
thereupon be terminated

16

 

(other than those provisions therein (such as but not limited to
indemnification provisions) that by their express terms survive the termination of any such Note
Documents), and all other rights and remedies of Collateral Agent and Holders thereunder shall
thereupon be extinguished (including but not limited to any rights to receive or retain
participation interests in any current or future film properties of any Company Party); and (iv)
any and all obligations of Holders under any Note Document(s) shall thereupon be terminated and any
and all rights of Company Parties and any other Persons with respect thereto shall thereupon be
completely discharged and satisfied in full, and each Holder shall thereupon be released from all
liability therefor without the need for any further action; provided, that the foregoing
release and discharge shall not release or otherwise affect any rights or obligations of the
parties set forth in this Agreement (other than with respect to the obligations of HWMP or any
Company Party under, and the rights of Collateral Agent or any Holder under, Sections 2
(except the last sentences of each of Sections 2(a) and 2(b)), 3 (except
the last sentence thereof), 8 and 28 hereof, which rights and obligations shall be
so extinguished and discharged). Collateral Agent and Holders hereby agree to execute and deliver
or cause to be executed and delivered to Company, in each instance at the sole expense of Delaware
Company or Holdings, as applicable, such further instruments and documents and do and cause to be
done such further actions as may reasonably be requested by Company to evidence the foregoing
release and termination, including (A) returning all original Notes to Company for cancellation and
(B) executing and delivering to Company any required lien release documents.”;

     (vi) Section 5(e) is amended and restated to read in its entirety as follows:

“[Intentionally Omitted]”.

     (e) Amendments to Participation Agreement:

          (i) Section 2 is amended and restated to read in its entirety as follows:

     “Termination: At such time as the EP Obligations (as defined in the Buyout
Agreement) have been paid in full in cash, then Eton Park’s right to receive the participation set
forth in paragraph 1 above shall be irrevocably terminated and Producer shall have no obligations
to Eton Park under this Agreement whatsoever.”

2. CONDITIONS TO EFFECTIVENESS. Each of the parties hereto hereby agrees and acknowledges
that this Amendment shall not be effective until such time as each of the following conditions
shall have been satisfied (or waived in writing by the Holders) in form and substance satisfactory
to the Holders in their sole discretion (the date the last of such conditions shall be so satisfied
(or waived) being referred to herein as the “Effective Date”):

     (a) Each party hereto shall have received a copy of this Agreement duly executed and
delivered by the other parties;

     (b) The Company Parties shall have duly made all filings with the Securities and Exchange
Commission and shall have received any consents required from the Securities and Exchange
Commission and any third parties in connection with the transactions contemplated hereby; copies
of
which filings shall have been provided to the Holders and their counsel upon or before their
submission to the Securities and Exchange Commission;

     (c) The IPO shall have closed and the Holders shall have received the Initial IPO Cash
Paydown and the IPO Securities;

17

 

     (d) Each record and beneficial owner of any equity interest (however denominated) in a Film
SPE, shall have executed and delivered to the Collateral Agent a Pledge Agreement substantially in
the form set forth as Annex I to the Guaranty and Security Agreement (with only such modifications
as the Holders may approve) with respect to such Film SPE equity interests and shall take such
other actions reasonably requested by the Collateral Agent as necessary or desirable to better
perfect the Collateral Agent’s first priority Liens on such Film SPE equity interests;

     (e) Each Film SPE shall have executed and delivered to the Collateral Agent a Joinder
Agreement substantially in the form set forth as Annex I to the Guaranty and Security Agreement
(with only such modifications as the Holders may approve).

     (f) Provided a summary thereof has been provided to the Company not less than two business
days prior to the closing of the IPO, Holdings and the Company shall have reimbursed the Holders
for all expenses incurred by them in connection with the preparation, negotiation and
implementation of this Amendment and the actions contemplated hereby (and shall in any event be
obligated to reimburse all such Holders for such expenses within ___days of their later submission
of a summary of any such expenses).

     (g) HWMP (or any direct or indirect Subsidiary thereof holding title thereto) shall have
contributed to the Company all right, title and interest in and to the Stock or Stock Equivalents
in Earthbound Films, LLC (or any other Person subsequently holding an interest in the motion
picture tentatively entitled “Earthbound” (“EB Sub”) and, if EB Sub is an entity other
than “Earthbound Films, LLC (by virtue of a transfer of assets, a merger or otherwise), EB Sub
shall affirmatively assume (in a writing in favor of the Holders) all of the obligations of
Earthbound Films, LLC (as “Producer”) to the Eton Park under and pursuant to the terms of the
Participation Agreement.

     (h) The Company shall have taken such other actions, and executed, delivered and recorded (as
applicable) such documents, as the Holders may request in order to better perfect the Collateral
Agent’s first priority Liens on the Collateral; and

     (i) Union shall have resumed its role as Collateral Agent for the Holders.

In the event any of the foregoing conditions has not been satisfied (or waived in writing by the
beneficiary thereof) by the close of business on July ___, 2010 after the execution and delivery
hereof by all parties hereto, this Agreement shall be of no further force or effect and shall not
be binding on the parties hereto; provided, that notwithstanding the foregoing,
Sections 2(c) through (h) (other than Section 2(f)) hereof shall be applicable and remain
in full force and effect.

3. LIMITED WAIVER OF EVENTS OF DEFAULT. Upon the occurrence of the Effective Date, the Holders and
the Collateral Agent shall be deemed to have waived each Stipulated Default (as defined in the
Forbearance Agreement). This Amendment shall be limited solely to the matters expressly set forth
herein and, except as expressly provided herein (including the immediately preceding sentence),
shall not (a) constitute an amendment, modification or waiver of, or a forbearance with respect to,
any term or condition of the SPA, the Forbearance Agreement or any other Note Document, (b)
prejudice,
restrict or affect any right or rights that Collateral Agent or any Holder may now have or may have
in the future under or in connection with the SPA, the Forbearance Agreement or any other Note
Document, or (c) require Collateral Agent or any Holder to agree to any amendment, modification or
waiver of, or forbearance with respect to, any term or condition of the SPA, the Forbearance
Agreement or any other Note Document on a future occasion. Each of Holdings, the Company and each
other Company Party expressly acknowledges and agrees that the SPA and the other Note Documents to
which it is a party are

18

 

valid and enforceable by Collateral Agent and the Holders against it, and
expressly reaffirms each of its Obligations under each Note Document to which it is a party.
Holdings, the Company, each Film SPE, and each other Company Party further expressly acknowledges
and agrees that Collateral Agent, on behalf of the Holders (and in the absence of a duly appointed
Collateral Agent, the Holders collectively), has a valid, duly perfected, first priority and fully
enforceable security interest in and lien against each item of Collateral (except as otherwise
provided in the Note Documents). Each of Holdings, the Company, each Film SPE, and the other
Company Parties agrees that it shall not dispute the validity or enforceability of the SPA or any
of the other Note Documents or any of its Obligations thereunder, or the validity, priority,
enforceability or extent of Collateral Agent’s and the Holders’ security interest in or lien
against any item of Collateral. Holdings, the Company, each Film SPE, and each of the other
Company Parties hereby acknowledge and agree that this Amendment shall be a Note Document, that any
default by any Company Party of its respective obligations under this Amendment shall constitute an
“Event of Default” under the SPA and, as such, Collateral Agent and the Holders shall have the same
rights and remedies against Holdings, the Company and other Company Parties with respect to
breaches under this Amendment as it has with respect to breaches of covenants, representations and
warranties in other Note Documents.

4. PAYMENT OF HOLDERS’ LEGAL FEES. Holdings and the Company hereby, jointly and severally, agree
to pay for all reasonable legal fees and out-of-pocket costs for services rendered by Manatt, as
counsel to Holders, in connection with the transactions contemplated hereby.

5. RELEASE. Each of HWMP, Holdings, the Company, each Film SPE and each other Company Party hereby
acknowledges that as of the Effective Date it has no defense, counterclaim, offset,
cross-complaint, claim or demand of any kind or nature whatsoever (other than payment) that can be
asserted to (i) reduce or eliminate all or any part of its EP Obligations or liabilities under the
Note Documents or (ii) seek affirmative relief or damages of any kind or nature from Collateral
Agent or any Holder or their respective affiliates or participants, or any of their respective
directors, managers, members, partners, officers, agents, employees or attorneys (the “Covered
Persons”). Each of HWMP, Holdings, the Company, each Film SPE, and the other Company Parties
hereby voluntarily and knowingly releases and forever discharges each of the Covered Persons, and
their successors and assigns, from all possible claims, demands, actions, causes of action,
damages, costs, expenses, and liabilities whatsoever, known or unknown, anticipated or
unanticipated, suspected or unsuspected, fixed, contingent, or conditional, at law or in equity,
which HWMP, Holdings, the Company, such Film SPE, or such Company Party may now or hereafter have
against any Covered Person, and irrespective of whether any such claims arise out of contract,
tort, violation of law or regulations, or otherwise, with respect to matters occurring or arising
prior to the effectiveness of this Agreement and arising from or in respect of the Note Documents.

6. RELEASE OF UNKNOWN CLAIMS. Each of HWMP, Holdings, the Company, each Film SPE, and each other
Company Party hereby waives the provisions of any applicable laws (including Section 1542 of the
California Civil Code) restricting the release of claims which the releasing parties do not know or
suspect to exist at the time of release, which, if known, would have materially affected HWMP’s,
Holdings’, the Company’s, such Film SPE’s or such Company Party’s decision to agree to such
release. Each of HWMP, Holdings, the Company, each Film SPE and each other Company Party
hereby agrees, represents and warrants to Collateral Agent, the Holders and their respective
affiliates and participants, and their respective predecessors, agents, officers, directors,
employees, successors and assigns that it realizes and acknowledges that factual matters now
unknown to HWMP, Holdings, the Company, such Film SPE or such Company Party may have given or may
hereafter give rise to causes of action, claims, demands, debts, controversies, damages, costs,
losses and expenses which are presently unknown, unanticipated and unsuspected, and further agrees,
represents and warrants that the release

19

 

provided hereunder has been negotiated and agreed upon in
light of that realization and that Holdings, the Company, such Film SPE, and such Company Party
nevertheless hereby intend to release, discharge and acquit the Covered Persons, and their
successors and assigns, from any such unknown claims. Section 1542 of the California Civil Code
provides as follows:

	 	 	A general release does not extend to claims which the creditor does not know or suspect to
exist in his or her favor at the time of executing the release, which if known by him or her
must have materially affected his or her settlement with the debtor.

HWMP, Holdings, the Company, each Film SPE and each Company Party agrees this Section 6
shall be immediately effective as to HWMP, Holdings, the Company, each Film SPE and each Company
Party on the date such party executes this Amendment. The effectiveness of this Section 6
shall survive the expiration or any other termination of this Amendment.

7. INCORPORATION OF PRELIMINARY STATEMENTS. The preliminary statements set forth above are hereby
incorporated into this Amendment as accurate and complete statements of fact. Without limiting the
foregoing, Holdings, the Company, each Film SPE, and each other Company Party hereby acknowledge
and agree that (a) none of the Company Parties has any disputes, defenses or counterclaims, or
setoffs of any kind or nature which would in any way reduce or offset their respective Obligations
to Collateral Agent and Holders under the Note Documents as in effect on the date hereof and (b)
subject to, and until the occurrence, if ever, of the Effective Date, the provisions of the
Forbearance Agreement shall remain in full force and effect.

8. REPRESENTATIONS AND WARRANTIES. (a) To induce the Collateral Agent and the Holders to enter
into this Amendment, Holdings, the Company and each other Company Party each represent and warrant
to the Collateral Agent and the Holders that: (i) such Company Party is a corporation or limited
liability company, as the case may be, duly organized, validly existing and in good standing under
the laws of the State of Delaware and has full power and authority to execute and deliver, and to
perform its obligations under, each of this Amendment, (ii) the execution, delivery and performance
by Holdings, the Company and such Company Party of this Amendment and all documents contemplated
hereunder are within such Company Party’s powers, have been duly authorized, executed and delivered
by such party, and are not in conflict with such Company Party’s articles, bylaws, limited
liability company agreement, operating agreement, partnership agreement or other organizational
documents; (iii) this Amendment and all of the Second Lien Documents to which such Company Party is
a party constitute valid and binding obligations of each such Company Party enforceable in
accordance with their terms, except as enforcement may be limited by bankruptcy, insolvency,
reorganization, moratorium, fraudulent transfer or conveyance or similar laws relating to or
limiting creditors’ rights generally or by equitable principles relating to enforceability, (iv)
such Company Party’s obligations to pay and perform the Obligations is absolute and unconditional,
(v) there exists no right of setoff or recoupment, counterclaim or defense of any nature whatsoever
to such Company Party’s complete payment and performance of the Obligations, (vi) such execution,
delivery and performance of this Amendment and each such Second Lien Document by each such Company
Party will not materially violate any law, rule or order of any court or governmental agency or
body to which such Company Party is subject; and does not result in the creation or imposition of
any lien, security interest or encumbrance
on any now owned or hereafter acquired property of any Company Party, and (vii) with the exception
of the Film SPEs, none of Holdings, the Company or any other Group Member or Company Party possess,
control (as such term is defined in Article 9 of the UCC), or have any right, title or interest in,
to or under any Film or other item or portion of the Collateral.

20

 

     (b) Except with respect to the Stipulated Events of Default (as defined in the Forbearance
Agreement), each of Holdings, the Company and each other Company Party hereby affirms to Collateral
Agent and Holders that all of its representations and warranties set forth in the Note Documents
are true, complete and accurate in all material respects as of the date hereof. Each of Holdings,
the Company and each other Company Party hereby represents that, after giving effect to this
Agreement, other than the Stipulated Defaults, no Event of Default has occurred and is continuing
as of the date hereof. Each Company party agrees that any breach by any Company Party of the
representations, warranties and covenants by it under this Amendment shall be an Event of Default.

9. REAFFIRMATION AND AMENDMENT OF GUARANTY. Each of the Company Parties who are Guarantors
acknowledges the terms of this Agreement and reaffirms and agrees that: (i) the Guaranty and
Security Agreement remains in full force and effect and that its Guaranty Obligations cover the
full and punctual payment of the EP Obligations (including, without limitation, the Payoff Amount)
(payable without demand upon any failure by the Company or any other Note Party obligated thereon
to make payment thereof and including any damages incurred by Collateral Agent or Holders arising
therefrom); (ii) nothing in such Guaranty and Security Agreement obligates Collateral Agent or any
Holder to notify the undersigned of any changes in the financial accommodations made available to
the Company or to seek reaffirmations of such Guaranty Obligation; and (iii) no requirement to so
notify any Guarantor or to seek reaffirmations in the future shall be implied by this
reaffirmation.

10. FURTHER ASSURANCES. Each of the parties hereto agrees that it will promptly execute and deliver
or cause to be executed and delivered such further instruments and documents, and take or cause to
be taken such further action, as may be necessary, or that any other party hereto may reasonably
request, in order to give effect to, or implement to the fullest extent, each of the terms and
provisions of this Amendment, in each case at the sole expense of Holdings and the Company.

11. REFERENCES. This Amendment shall be limited precisely as written and shall not be deemed (a)
to be a consent granted pursuant to, or a waiver or modification of, any other term or condition of
the Buyout Agreement, the Forbearance Agreement, SPA or any of the other Note Documents, or (b) to
prejudice any right or rights that any Holder may now have or have in the future under or in
connection with the Buyout Agreement, the Forbearance Agreement, SPA or any of the other Note
Documents. Whenever the Buyout Agreement or Forbearance Agreement is referred to in the Buyout
Agreement, the Forbearance Agreement, the SPA or any of the other Note Documents, such reference
shall be deemed to mean such document as modified by this Amendment.

12. EXECUTION IN COUNTERPARTS. This Amendment may be executed in any number of counterparts, each
of which counterparts, when so executed and delivered, shall be deemed to be an original and all of
which counterparts, taken together, shall constitute but one and the same Amendment. Delivery of
an executed counterpart of a signature page hereto by facsimile or other electronic transmission
shall be equally effective as delivery of a manually executed counterpart of this Amendment.

13. SEVERABILITY. If any provision of this Amendment shall be held to be invalid, illegal or
unenforceable under applicable law in any jurisdiction, such provision shall be ineffective only to
the extent of such invalidity, illegality or unenforceability, which shall not affect any other
provisions hereof or the validity, legality and enforceability of such provision in any other
jurisdiction.

14. GOVERNING LAW. This Amendment and the rights and obligations of the parties hereto shall be
governed by, and construed and enforced in accordance with, the laws of the State of New York.
Jurisdiction and venue for any dispute in respect of this Amendment shall be as provided in the
Buyout Agreement.

21

 

15. NO ADVERSE CONSTRUCTION. Neither this Agreement nor any of the Note Documents shall be
construed more strictly against the Collateral Agent or any Holder merely by virtue of the fact
that the same have been prepared by the Collateral Agent, the Holders or their respective counsel,
it being recognized that the Company Parties have contributed substantially and materially to the
preparation of this Agreement and the Note Documents.

16. ENTIRE AGREEMENT; MISCELLANEOUS. This Amendment constitutes the entire understanding and
agreement among the parties hereto with respect to the subject matter hereof and supersedes any
prior agreements, oral or written, with respect thereto. The section and subsection titles
contained in this Amendment are included for the sake of convenience only, and shall not affect the
meaning or interpretation of this Amendment, the Securities Purchase Agreement or any other Note
Documents or any provisions hereof or thereof.

17. LIMITED EFFECT. In the event of a conflict between the terms and provisions of this Amendment
and the terms and provisions of the Securities Purchase Agreement and other Note Documents, the
terms and provisions of this Amendment shall govern. In all other respects, the Note Documents
shall remain in full force and effect.

18. WAIVER OF JURY TRIAL. THE PARTIES HERETO, AND EACH OF THEM, HEREBY IRREVOCABLY WAIVE ALL RIGHT
TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO ANY OF THE
SECOND LIEN DOCUMENTS, THIS AGREEMENT, OR THE TRANSACTIONS CONTEMPLATED THEREBY OR HEREBY.

19. NO ORAL MODIFICATION. Neither this Amendment nor any provisions hereof may be changed, waived,
discharged or terminated, nor may any consent to the departure from the terms hereof be given,
orally (even if supported by new consideration), but only by an instrument in writing signed by all
parties to this Amendment (provided that any party that is the beneficiary of any provision hereof
may unilaterally waive compliance with such provision for its benefit by another party). Any
waiver or consent so given shall be effective only in the specific instance and for the specific
purpose for which given.

20. CONSULTATION WITH COUNSEL. Each of the Company Parties represents to Collateral Agent and
Holders that it has discussed this Amendment with its attorneys.

21. NOTE DOCUMENTS. This Amendment and any other Second Lien Document entered into at anytime by
any of the Company Parties with the Collateral Agent and/or the Holders shall constitute “Note
Documents” for all purposes of the Securities Purchase Agreement and the other Note Documents.

[signature pages follow]

22

 

     IN WITNESS WHEREOF, the parties hereto have executed this agreement as of the date first
written above.

	 	 	 	 	 
	 	H & W MOVIE PARTNERS, LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

23

 

	 	 	 	 	 	 	 

	 	 	THE FILM DEPARTMENT HOLDINGS, INC.
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Neil Sacker, President & Chief Operating Officer	 	 
	 
	 	 	 	 	 	 
	 	 	THE FILM DEPARTMENT LLC	 	 
	 

	 	By:
	 	The Film Department Holdings LLC, its sole Member	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Neil Sacker, President & Chief Operating Officer	 	 
	 
	 	 	 	 	 	 
	 	 	TFD LITERARY ACQUISITIONS, LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	The Film Department LLC, its sole Member	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Neil Sacker, President & Chief Operating Officer	 	 
	 
	 	 	 	 	 	 
	 	 	THE FILM DEPARTMENT INTERNATIONAL, LLC	 	 
	 

	 	By:
	 	The Film Department LLC, its sole Member	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	[EB Sub]1	 	 
	 

	 	By:	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 

 

24

 

	 	 	 	 	 	 	 

	 	 	LAC FILMS, LLC
	 

	 	By:
	 	The Film Department LLC, its sole Member	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	TFD MUSIC, LLC	 	 
	 

	 	By:
	 	The Film Department LLC, its sole Member	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	FILM DEPARTMENT MUSIC, LLC	 	 
	 

	 	By:
	 	The Film Department LLC, its sole Member	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	BD PRODUCTIONS, LLC	 	 
	 

	 	By:
	 	The Film Department LLC, its sole Member	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 	 	REBOUND DISTRIBUTION LLC	 	 
	 

	 	By:
	 	The Film Department LLC, its sole Member	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 

25

 

	 	 	 	 	 	 	 

	 	 	ETON PARK CLO MANAGEMENT 1	 	 
	 	 	By: Eton Park Asset Management, L.L.C.,

as Collateral Manager, as a Holder	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Its:	 	 
	 
	 	 	 	 	 	 
	 	 	ETON PARK CLO MANAGEMENT 2
	 	 	By: Eton Park Asset Management, L.L.C., 

as Collateral Manager, as a Holder	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Its:	 	 
	 
	 	 	 	 	 	 
	 	 	ETON PARK MASTER FUND, LTD.	 	 
	 	 	By: Eton Park Capital Management, L.P., 

its Investment Manager, as a Holder	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Its:	 	 
	 
	 	 	 	 	 	 
	 	 	ETON PARK FUND, L.P.	 	 
	 	 	By: Eton Park Capital Management, L.P., 

its investment manager, as a Holder	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Its:	 	 

26exv10w1

Exhibit
10.1

 

 

CREDIT AGREEMENT

Dated as of June 18, 2010

among

PEABODY ENERGY CORPORATION,

as US Borrower,

PEABODY HOLLAND B.V.,

as Dutch Borrower,

BANK OF AMERICA, N.A.,

as Administrative Agent, Swing Line Lender

and

L/C Issuer,

BANC OF AMERICA SECURITIES LLC

CITIGROUP GLOBAL MARKETS, INC.

and

HSBC SECURITIES (USA) INC.,

as

Joint Lead Arrangers and Joint Book Managers,

and

The Other Lenders Party Hereto

CITIBANK, N.A.

and

HSBC BANK USA, N.A.,

as

Co-Syndication Agents,

and

ROYAL BANK OF SCOTLAND PLC

and

MORGAN STANLEY SENIOR FUNDING, INC.,

as

Co-Documentation Agents

 

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	Section	 	Page	 
	ARTICLE I. DEFINITIONS AND ACCOUNTING TERMS
	 	 	1	 
	 
	 	 	 	 
	1.01. Defined Terms
	 	 	1	 
	1.02. Other Interpretive Provisions
	 	 	33	 
	1.03. Accounting Terms
	 	 	34	 
	1.04. Exchange Rates; Currency Equivalents
	 	 	35	 
	1.05. Additional Alternative Currencies
	 	 	35	 
	1.06. Change of Currency
	 	 	36	 
	1.07. Times of Day
	 	 	37	 
	1.08. Letter of Credit Amounts
	 	 	37	 
	 
	 	 	 	 
	ARTICLE II. THE COMMITMENTS AND CREDIT EXTENSIONS
	 	 	37	 
	 
	 	 	 	 
	2.01. The Loans
	 	 	37	 
	2.02. Borrowings, Conversions and Continuations of the Loans
	 	 	38	 
	2.03. Letters of Credit
	 	 	40	 
	2.04. Swing Line Loans
	 	 	49	 
	2.05. Prepayments
	 	 	53	 
	2.06. Termination or Reduction of Commitments
	 	 	54	 
	2.07. Repayment of Loans
	 	 	56	 
	2.08. Interest
	 	 	57	 
	2.09. Fees
	 	 	57	 
	2.10. Computation of Interest and Fees
	 	 	58	 
	2.11. Evidence of Debt
	 	 	58	 
	2.12. Payments Generally; Administrative Agent’s Clawback
	 	 	59	 
	2.13. Pro Rata; Sharing of Payments by Lenders
	 	 	61	 
	2.14. Increase in US Borrower Revolving Credit Facility
	 	 	61	 
	2.15. Increase in Term Loan Facility
	 	 	63	 
	2.16. Cash Collateral
	 	 	64	 
	2.17. Defaulting Lenders
	 	 	66	 
	 
	 	 	 	 
	ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY
	 	 	68	 
	 
	 	 	 	 
	3.01. Taxes
	 	 	68	 
	3.02. Illegality
	 	 	70	 
	3.03. Inability to Determine Rates
	 	 	71	 
	3.04. Increased Costs; Reserves on Eurocurrency Rate Loans
	 	 	71	 
	3.05. Compensation for Losses
	 	 	73	 
	3.06. Mitigation Obligations; Replacement of Lenders
	 	 	74	 
	3.07. Survival
	 	 	74	 
	 
	 	 	 	 
	ARTICLE IV. CONDITIONS PRECEDENT
	 	 	75	 
	 
	 	 	 	 
	4.01. Closing Date
	 	 	75	 

 

 

	 	 	 	 	 
	Section	 	Page	 
	4.02. Conditions to Initial Extension of Credit under Dutch Borrower
Revolving Credit Facility
	 	 	76	 
	4.03. Conditions to all Credit Extensions
	 	 	78	 
	 
	 	 	 	 
	ARTICLE V. REPRESENTATIONS AND WARRANTIES
	 	 	79	 
	 
	 	 	 	 
	5.01. Existence, Qualification and Power
	 	 	79	 
	5.02. Authorization; No Contravention
	 	 	79	 
	5.03. Governmental Authorization
	 	 	80	 
	5.04. Binding Effect
	 	 	80	 
	5.05. Financial Statements; No Material Adverse Effect
	 	 	80	 
	5.06. Litigation
	 	 	81	 
	5.07. No Default
	 	 	81	 
	5.08. Ownership of Property
	 	 	81	 
	5.09. Environmental Compliance
	 	 	81	 
	5.10. Insurance
	 	 	82	 
	5.11. Taxes
	 	 	82	 
	5.12. ERISA Compliance
	 	 	82	 
	5.13. Subsidiaries
	 	 	83	 
	5.14. Margin Regulations; Investment Company Act
	 	 	83	 
	5.15. Disclosure
	 	 	83	 
	5.16. Compliance with Laws
	 	 	83	 
	5.17. Intellectual Property; Licenses, Etc.
	 	 	84	 
	 
	 	 	 	 
	ARTICLE VI. AFFIRMATIVE COVENANTS
	 	 	84	 
	 
	 	 	 	 
	6.01. Financial Statements
	 	 	84	 
	6.02. Certificates; Other Information
	 	 	85	 
	6.03. Notices
	 	 	86	 
	6.04. Payment of Tax Obligations
	 	 	87	 
	6.05. Preservation of Existence
	 	 	87	 
	6.06. Maintenance of Properties
	 	 	87	 
	6.07. Maintenance of Insurance
	 	 	87	 
	6.08. Compliance with Laws
	 	 	87	 
	6.09. Books and Records
	 	 	87	 
	6.10. Inspection Rights
	 	 	88	 
	6.11. Use of Proceeds
	 	 	88	 
	6.12. Additional US Subsidiary Guarantors/Dutch Facility Guarantors
	 	 	88	 
	6.13. Preparation of Environmental Reports
	 	 	89	 
	6.14. Certain Long Term Liabilities and Environmental Reserves
	 	 	89	 
	6.15. Further Assurances
	 	 	89	 
	 
	 	 	 	 
	ARTICLE VII. NEGATIVE COVENANTS
	 	 	90	 
	 
	 	 	 	 
	7.01. Liens
	 	 	90	 
	7.02. Investments
	 	 	92	 
	7.03. Indebtedness
	 	 	93	 

ii

 

	 	 	 	 	 
	Section	 	Page	 
	7.04. Fundamental Changes
	 	 	95	 
	7.05. Dispositions
	 	 	95	 
	7.06. Restricted Payments
	 	 	96	 
	7.07. Change in Nature of Business
	 	 	96	 
	7.08. Transactions with Affiliates
	 	 	96	 
	7.09. Burdensome Agreements
	 	 	97	 
	7.10. Use of Proceeds
	 	 	97	 
	7.11. Financial Covenants
	 	 	97	 
	7.12. Limitation on Negative Pledge Clauses
	 	 	98	 
	 
	 	 	 	 
	ARTICLE VIII. EVENTS OF DEFAULT AND REMEDIES
	 	 	99	 
	 
	 	 	 	 
	8.01. Events of Default
	 	 	99	 
	8.02. Remedies Upon Event of Default
	 	 	101	 
	8.03. Application of Funds
	 	 	101	 
	 
	 	 	 	 
	ARTICLE IX. ADMINISTRATIVE AGENT
	 	 	102	 
	 
	 	 	 	 
	9.01. Appointment and Authority
	 	 	102	 
	9.02. Rights as a Lender
	 	 	103	 
	9.03. Exculpatory Provisions
	 	 	103	 
	9.04. Reliance by Administrative Agent
	 	 	104	 
	9.05. Delegation of Duties
	 	 	104	 
	9.06. Resignation of Administrative Agent
	 	 	104	 
	9.07. Non-Reliance on Administrative Agent and Other Lenders
	 	 	105	 
	9.08. No Other Duties, Etc.
	 	 	105	 
	9.09. Administrative Agent May File Proofs of Claim
	 	 	106	 
	9.10. Guaranty Matters
	 	 	106	 
	9.11. Withholding Tax
	 	 	107	 
	 
	 	 	 	 
	ARTICLE X. MISCELLANEOUS
	 	 	107	 
	 
	 	 	 	 
	10.01. Amendments, Etc.
	 	 	107	 
	10.02. Notices; Effectiveness; Electronic Communication
	 	 	110	 
	10.03. No Waiver; Cumulative Remedies
	 	 	112	 
	10.04. Expenses; Indemnity; Damage Waiver
	 	 	112	 
	10.05. Payments Set Aside
	 	 	114	 
	10.06. Successors and Assigns
	 	 	114	 
	10.07. Treatment of Certain Information; Confidentiality
	 	 	118	 
	10.08. Right of Setoff
	 	 	119	 
	10.09. Interest Rate Limitation
	 	 	119	 
	10.10. Counterparts; Integration; Effectiveness
	 	 	120	 
	10.11. Survival of Representations and Warranties
	 	 	120	 
	10.12. Severability
	 	 	120	 
	10.13. Replacement of Lenders
	 	 	120	 
	10.14. Governing Law; Jurisdiction; Etc.
	 	 	121	 
	10.15. Waiver of Jury Trial
	 	 	122	 

iii

 

	 	 	 	 	 
	Section	 	Page	 
	10.16. USA PATRIOT Act Notice
	 	 	122	 
	10.17. Time of the Essence
	 	 	123	 
	10.18. Judgment Currency
	 	 	123	 
	10.19. No Advisory or Fiduciary Responsibility
	 	 	123	 
	10.20. Foreign Guarantees
	 	 	124	 
	10.21. Existing Swap Contracts
	 	 	124	 
	 
	 	 	 	 
	SIGNATURES
	 	 	S-1	 

iv

 

	 	 	 

	SCHEDULES
	 	 
	 
	 	 	 	 
	1.01(a)
	 	Mandatory Cost Formulae
	1.01(b)
	 	US Subsidiary Guarantors
	1.01(c)
	 	Dutch Facility Guarantors
	1.01(d)
	 	Excluded Foreign Subsidiaries
	1.01(e)
	 	Unrestricted Subsidiaries
	1.01(f)
	 	Existing Letters of Credit
	2.01
	 	Commitments and Applicable Percentages
	5.09
	 	Environmental Matters
	5.13
	 	Subsidiaries
	5.17
	 	Intellectual Property
	7.01
	 	Existing Liens
	7.02
	 	Existing Investments
	7.03
	 	Existing Indebtedness
	7.12
	 	Negative Pledge Clauses
	10.02
	 	Administrative Agent’s Office; Certain Addresses for Notices
	10.06
	 	Processing and Recordation Fees
	 
	 	 
	EXHIBITS
	 	 
	Form of:
	 	 
	A
	 	Borrowing Notice
	B
	 	Swing Line Loan Notice
	C-1
	 	Term Note
	C-2
	 	Revolving Note
	D
	 	Compliance Certificate
	E
	 	Assignment and Assumption
	F
	 	US Subsidiary Guarantee Agreement
	G
	 	Dutch Facility Guarantee Agreement
	H-1
	 	Opinion of Simpson Thacher & Bartlett LLP
	H-2
	 	Opinion of Kenneth L. Wagner, Esq.
	H-3
	 	Opinion of Baker & McKenzie Amsterdam N.V.

v

 

CREDIT AGREEMENT

     This CREDIT AGREEMENT (“Agreement”) is entered into as of June 18, 2010, among PEABODY
ENERGY CORPORATION, a Delaware corporation (the “US Borrower”), PEABODY HOLLAND B.V., a
private company organized under the laws of the Netherlands (the “Dutch Borrower”, and
together with the US Borrower, the “Borrowers”), each lender from time to time party hereto
(collectively, the “Lenders” and individually, a “Lender”), BANK OF AMERICA, N.A.,
as Administrative Agent, Swing Line Lender and L/C Issuer, and BANC OF AMERICA SECURITIES LLC,
CITIGROUP GLOBAL MARKETS, INC. and HSBC SECURITIES (USA) INC., as Joint Lead Arrangers and Joint
Book Managers.

     WHEREAS, the US Borrower is party to that certain Third Amended and Restated Credit Agreement,
dated as of September 15, 2006, by and among the US Borrower, Bank of America, N.A. as
administrative agent, swing line lender and L/C issuer, Banc of America Securities LLC and
Citigroup Global Markets Inc., each as a joint lead arranger and joint book manager, Citibank,
N.A., as syndication agent, BNP Paribas, Calyon, and The Royal Bank of Scotland PLC, each as a
co-documentation agent, and the lenders party thereto, as amended through the date hereof (the
“Existing Credit Agreement”);

     WHEREAS, the US Borrower seeks to refinance the Existing Credit Agreement; and

     WHEREAS, the Borrowers have requested that the Lenders provide a term loan facility and a
revolving credit facility to the US Borrower and a revolving credit facility to the Dutch Borrower,
and the Lenders have indicated their willingness to lend and the L/C Issuer has indicated its
willingness to issue letters of credit and bank guarantees, in each case, on the terms and subject
to the conditions set forth herein.

     In consideration of the mutual covenants and agreements herein contained, the parties hereto
covenant and agree as follows:

ARTICLE I.

DEFINITIONS AND ACCOUNTING TERMS

     1.01. Defined Terms. As used in this Agreement, the following terms shall have the meanings
set forth below:

     “Accepting Lenders” has the meaning specified in Section 10.01(g).

     “Accounting Change” means changes in accounting principles after the Closing Date
required by the promulgation of any rule, regulation, pronouncement or opinion by the Financial
Accounting Standards Board or, if applicable, the Securities and Exchange Commission.

     “A$” means the lawful currency of Australia.

     “Additional Extensions of Credit” has the meaning specified in Section 10.01.

     “Adjustment Date” means the date of receipt by the Administrative Agent of the
financial statements for the most recently completed fiscal period furnished pursuant to
Section 6.01, and

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the compliance certificate with respect to such financial statements furnished pursuant to
Section 6.02. For purposes of determining the Applicable Rate, the first Adjustment Date
shall be the third day following the date on which the financial statements for the fiscal quarter
ended June 30, 2010 furnished pursuant to Section 6.01 and the related compliance
certificate furnished pursuant to Section 6.02 are delivered to the Administrative Agent.

     “Administrative Agent” means Bank of America in its capacity as administrative agent
under any of the Loan Documents, or any successor administrative agent.

     “Administrative Agent’s Office” means, with respect to any currency, the
Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.02
with respect to such currency, or such other address or account with respect to such currency as
the Administrative Agent may from time to time notify to the Borrowers and the Lenders.

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

     “Affiliate” means, with respect to any Person, another Person that directly, or
indirectly through one or more intermediaries, Controls or is Controlled by or is under common
Control with the Person specified.

     “Aggregate Commitments” means the Commitments of all the Lenders.

     “Agreement” means this Credit Agreement.

     “Agreement Currency” has the meaning specified in Section 10.18.

     “Alternative Currency” means each of Euro, Sterling, A$ and each other currency (other
than Dollars) that is approved in accordance with Section 1.05.

     “Alternative Currency Equivalent” means, at any date, with respect to any amount
denominated in Dollars, the equivalent amount thereof in the applicable Alternative Currency as
determined by the Administrative Agent or the L/C Issuer, as the case may be, at such time on the
basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase
of such Alternative Currency with Dollars on such date.

     “Alternative Currency Sublimit” means an amount equal to 30% of the aggregate
Revolving Credit Commitments. The Alternative Currency Sublimit is part of, and not in addition
to, the Aggregate Commitments.

     “Applicable Percentage” means (a) in respect of the Term Loan Facility, with respect
to any Term Loan Lender at any time, the percentage (carried out to the ninth decimal place) of the
Term Loan Facility represented by (i) until the Closing Date, such Term Loan Lender’s respective
Term Loan Commitments and (ii) thereafter, the aggregate principal amount of such Term Loan
Lender’s Term Loans then outstanding, (b) in respect of the Revolving Credit Facility, with respect
to any Revolving Credit Lender at any time, the percentage (carried out to the ninth decimal place)
of the Revolving Credit Facility represented by such Revolving Credit Lender’s Revolving Credit
Commitment at such time, (c) in respect of the US Borrower

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Revolving Credit Facility, with respect to any US Borrower Revolving Credit Lender at any
time, the percentage (carried out to the ninth decimal place) of the US Borrower Revolving Credit
Facility represented by such US Borrower Revolving Credit Lender’s US Borrower Revolving Credit
Commitment at such time and (d) in respect of the Dutch Borrower Revolving Credit Facility, with
respect to any Dutch Borrower Revolving Credit Lender at any time, the percentage (carried out to
the ninth decimal place) of the Dutch Borrower Revolving Credit Facility represented by such Dutch
Borrower Revolving Credit Lender’s Dutch Borrower Revolving Credit Commitment at such time. If the
commitment of each Revolving Credit Lender to make Revolving Credit Loans and the obligation of the
L/C Issuer to make L/C Credit Extensions have been terminated pursuant to Section 8.02, or
if the Revolving Credit Commitments have expired, then the Applicable Percentage of each Revolving
Credit Lender in respect of the Revolving Credit Facility shall be determined based on the
Applicable Percentage of such Revolving Credit Lender in respect of the Revolving Credit Facility
most recently in effect, giving effect to any subsequent assignments. The initial Applicable
Percentage of each Lender in respect of each Facility is set forth opposite the name of such Lender
on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes
a party hereto, as applicable.

     “Applicable Rate” means, from time to time, the following percentages per annum, based
upon the Consolidated Leverage Ratio as set forth below:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Applicable Rate	 	 
	 	 	 	 	 	 	Eurocurrency	 	 	 	 
	 	 	 	 	 	 	Rate Loans,	 	 	 	 
	 	 	 	 	 	 	Swing Line	 	 	 	 
	 	 	 	 	 	 	Loans and	 	 	 	 
	 	 	Consolidated	 	Letters of	 	Base Rate	 	Commitment
	Level	 	Leverage Ratio	 	Credit	 	Loans	 	Fee
	I
	 	 	> 3.50x	 	 	 	3.500	%	 	 	2.500	%	 	 	0.500	%
	II
	 	 	> 3.00x	 	 	 	3.250	%	 	 	2.250	%	 	 	0.500	%
	III
	 	 	> 2.50x	 	 	 	3.000	%	 	 	2.000	%	 	 	0.500	%
	IV
	 	 	> 2.00x	 	 	 	2.750	%	 	 	1.750	%	 	 	0.500	%
	V
	 	 	> 1.50x	 	 	 	2.500	%	 	 	1.500	%	 	 	0.500	%
	VI
	 	 	< 1.50x	 	 	 	2.250	%	 	 	1.250	%	 	 	0.375	%

provided that, (a) the Applicable Rate will be determined as of the last day of the
immediately preceding fiscal quarter, provided that until the delivery of the Borrower’s Compliance
Certificate for the period ending June 30, 2010, the Applicable Rate will be as set forth in Level
V, (b) the Applicable Rate determined for any Adjustment Date (including the first Adjustment Date)
shall remain in effect until a subsequent Adjustment Date for which the Consolidated Leverage Ratio
falls within a different level, and (c) if the financial statements and related Compliance
Certificate for any fiscal period are not delivered by the date due pursuant to Sections
6.01 and 6.02, the Applicable Rate shall be (i) for the first 35 days subsequent to
such

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due date, the Applicable Rate in effect prior to such due date and (ii) thereafter, as set forth in
Level I, in either case, until the date of delivery of such financial statements and Compliance
Certificate, after which the Applicable Rate shall be based on the Consolidated Leverage Ratio set
forth in such Compliance Certificate.

     “Applicable Time” means, with respect to any borrowings and payments in any
Alternative Currency, the local time in the place of settlement for such Alternative Currency as
may be determined by the Administrative Agent or the L/C Issuer, as the case may be, subject to the
Administrative Agent or L/C Issuer providing advance notice to the Borrowers that such local time
is necessary for timely settlement on the relevant date in accordance with normal banking
procedures in the place of payment.

     “Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an
Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a
Lender.

     “Arrangers” means Banc of America Securities LLC, Citigroup Global Markets, Inc. and
HSBC Securities (USA) Inc., each in its capacity as joint lead arranger and joint book manager.

     “Assignee Group” means two or more Eligible Assignees that are Affiliates of one
another or two or more Approved Funds managed by the same investment advisor.

     “Assignment and Assumption” means an assignment and assumption entered into by a
Lender and an Eligible Assignee (with the consent of any party whose consent is required by
Section 10.06(b), and accepted by the Administrative Agent) in substantially the form of
Exhibit E or any other form approved by the Administrative Agent, in accordance with
Section 10.06(b).

     “Attributable Indebtedness” means, on any date, in respect of any Capital Lease
Obligations of any Person, the capitalized amount thereof that would appear on a balance sheet of
such Person prepared as of such date in accordance with GAAP.

     “Audited Financial Statements—2009” means the audited consolidated balance sheet of
the US Borrower and its Subsidiaries for the fiscal year ended December 31, 2009, and the related
consolidated statements of income or operations, changes in shareholders’ equity and cash flows for
such fiscal year of the US Borrower and its Subsidiaries, including the notes thereto.

     “Availability Period” means in respect of the Revolving Credit Facility, the period
from and including the Closing Date to the earliest of (a) the Maturity Date, (b) the date of
termination of the Revolving Credit Commitments pursuant to Section 2.06 and (c) the date
of termination of the commitment of each Lender to make Loans and of the obligation of the L/C
Issuer to make L/C Credit Extensions pursuant to Section 8.02.

     “Bank Guarantee” means a direct guaranty or undertaking issued for the account of the
US Borrower pursuant to this Agreement by an L/C Issuer in form acceptable to the L/C Issuer issued
to provide credit support to the US Borrower or any of its Subsidiaries.

     “Bank of America” means Bank of America, N.A. and its successors.

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     “Base Rate” means for any day a fluctuating rate per annum equal to the highest of (a)
the Federal Funds Rate plus 1/2 of 1%, (b) the Eurocurrency Rate for a one month Interest
Period beginning on such day (or if such day is not a Business Day, the immediately preceding
Business Day) plus 1%, and (c) the rate of interest in effect for such day as publicly
announced from time to time by Bank of America as its “prime rate.” The “prime rate” is a rate set
by Bank of America based upon various factors including Bank of America’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 such rate
announced by Bank of America shall take effect at the opening of business on the day specified in
the public announcement of such change.

     “Base Rate Loan” means a Term Loan or a Revolving Credit Loan that bears interest
based on the Base Rate, as applicable. All Base Rate Loans shall be denominated in Dollars.

     “BBA LIBOR Daily Floating Rate” means a daily fluctuating rate of interest equal to
the rate per annum (rounded upwards to the nearest 1/100 of one percent) equal to BBA LIBOR, as
published by Reuters (or other commercially available source providing quotations of BBA LIBOR as
selected by the Swing Line Lender from time to time) as determined for each banking day at
approximately 11:00 a.m. London time two (2) London Banking Days prior to the date in question, for
US Dollar deposits (for delivery on the first day of such interest period) with a one month term,
as adjusted from time to time, in the Swing Line Lender’s sole discretion for reserve requirements,
deposit insurance assessment rates and other regulatory costs. If such rate is not available at
such time for any reason, then the rate for that interest period will be determined by such
alternate method as reasonably selected by the Administrative Agent. A “London Banking Day” is a
day on which banks in London are open for business and dealing in offshore dollars.

     “Borrowers” means, collectively, the US Borrower and the Dutch Borrower.

     “Borrower Materials” has the meaning specified in Section 6.02.

     “Borrowing” means a Revolving Credit Borrowing, a Swing Line Borrowing or a Term Loan
Borrowing, as the context may require.

     “Borrowing Notice” means a notice of (a) a Term Loan Borrowing, (b) a Revolving Credit
Borrowing, (c) a conversion of Term Loans or Revolving Credit Loans from one Type to the other or
(d) a continuation of Eurocurrency Rate Loans, in each case, pursuant to Section 2.02(a),
which, if in writing, shall be substantially in the form of Exhibit A.

     “Business Day” means any day other than a Saturday, Sunday or other day on which
commercial banks are authorized to close under the Laws of, or are in fact closed in, the state
where the Administrative Agent’s Office with respect to Obligations denominated in Dollars is
located and:

     (a) if such day relates to any interest rate settings as to a Eurocurrency Rate Loan
denominated in Dollars, any fundings, disbursements, settlements and payments in
Dollars in respect of any such Eurocurrency Rate Loan, or any other dealings in Dollars
to be carried out pursuant to this Agreement in respect of any such Eurocurrency Rate

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Loan, means any such day on which dealings in deposits in Dollars are conducted by and between
banks in the London interbank eurodollar market;

     (b) if such day relates to any interest rate settings as to a Eurocurrency Rate Loan
denominated in Euro, any fundings, disbursements, settlements and payments in Euro in
respect of any such Eurocurrency Rate Loan, or any other dealings in Euro to be carried out
pursuant to this Agreement in respect of any such Eurocurrency Rate Loan, means a TARGET
Day;

     (c) if such day relates to any interest rate settings as to a Eurocurrency Rate Loan
denominated in a currency other than Dollars or Euro, means any such day on which dealings
in deposits in the relevant currency are conducted by and between banks in the London or
other applicable offshore interbank market for such currency; and

     (d) if such day relates to any fundings, disbursements, settlements and payments in a
currency other than Dollars or Euro in respect of a Eurocurrency Rate Loan denominated in a
currency other than Dollars or Euro, or any other dealings in any currency other than
Dollars or Euro to be carried out pursuant to this Agreement in respect of any such
Eurocurrency Rate Loan (other than any interest rate settings), means any such day on which
banks are open for foreign exchange business in the principal financial center of the
country of such currency.

     “Capital Lease Obligations” means of any Person as of the date of determination, the
aggregate liability of such Person under Financing Leases reflected on a balance sheet of such
Person under GAAP.

     “Capital Stock” means any and all shares, interests, participations or other
equivalents (however designated) of capital stock of a corporation, any and all equivalent
ownership interests in a Person (other than a corporation) and any and all warrants or options to
purchase any of the foregoing, but excluding any securities convertible into or exchangeable for
shares of Capital Stock.

     “Cash Collateralize” has the meaning specified in Section 2.16 (a).

     “Change in Law” means the occurrence, after the date of this Agreement, of any of the
following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change
in any law, rule, regulation or treaty or in the administration, interpretation or application
thereof by any Governmental Authority or (c) the making or issuance of any request or directive
(whether or not having the force of law) by any Governmental Authority required to be complied with
by any Lender.

     “Change of Control” means:

     (a) an event or series of events by which any “person” or “group” (as such terms are
used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but
excluding any employee benefit plan of such person or its subsidiaries, and any person
or entity acting in its capacity as trustee, agent or other fiduciary or administrator of
any such plan) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under

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the Securities Exchange Act of 1934), directly or indirectly, of 35% or more of the equity
securities of the US Borrower entitled to vote for members of the board of directors or
equivalent governing body of the US Borrower on a fully-diluted basis;

     (b) during any period of 12 consecutive months, a majority of the members of the board
of directors or other equivalent governing body of the US Borrower cease to be composed of
individuals (i) who were members of that board or equivalent governing body on the first day
of such period, (ii) whose election or nomination to that board or equivalent governing body
was approved by individuals referred to in clause (i) above constituting at the time of such
election or nomination at least a majority of that board or equivalent governing body or
(iii) whose election or nomination to that board or other equivalent governing body was
approved by individuals referred to in clauses (i) and (ii) above constituting at the time
of such election or nomination at least a majority of that board or equivalent governing
body (excluding, in the case of both clause (ii) and clause (iii), any individual whose
initial nomination for, or assumption of office as, a member of that board or equivalent
governing body occurs as a result of an actual or threatened solicitation of proxies or
consents for the election or removal of one or more directors by any person or group other
than a solicitation for the election of one or more directors by or on behalf of the board
of directors);

     (c) the US Borrower shall at any time fail to (directly or indirectly) beneficially own
100% of each class of issued and outstanding Equity Interests of the Dutch Borrower, unless
the Dutch Borrower Revolving Credit Commitment shall have been terminated and any Dutch
Borrower Revolving Credit Loans have been paid in full in cash; or

     (d) a “Change of Control” as defined in the Senior Notes Indenture, as amended,
restated, modified, replaced, or refinanced from time to time.

     “Closing Date” means the first date all the conditions precedent in Section
4.01 are satisfied or waived in accordance with Section 10.01.

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

     “Commitment” means a Term Loan Commitment or a Revolving Credit Commitment, as the
context may require.

     “Compliance Certificate” means a certificate substantially in the form of Exhibit
D.

     “Consolidated Cash Interest Charges” means, for any period, for the US Borrower and
its Restricted Subsidiaries on a consolidated basis, the sum of all interest expense and letter of
credit fees and commissions of the US Borrower and its Restricted Subsidiaries in connection with
borrowed money or other extensions of credit, in each case, to the extent treated as interest in
accordance with GAAP and payable in cash, provided that Consolidated Cash Interest Charges
shall exclude prepayment premiums and penalties in connection with the redemption of the
Senior Notes.

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     “Consolidated EBITDA” means, as of the last day of any period, Consolidated Net Income
for such period (excluding, without duplication, (a) Federal, state, local and foreign income tax
expense or benefit, (b) noncash compensation expenses related to common stock and other equity
securities issued to employees, (c) extraordinary or non-recurring gains and losses in accordance
with GAAP, (d) income or losses from discontinued operations and (e) any impairment charges as
defined in ASC Topic 360 (formerly, FAS 144), in each case, for such period) plus, without
duplication, (i) consolidated interest expense, determined in accordance with GAAP, (ii) to the
extent deducted in computing such Consolidated Net Income, the sum of all income taxes,
depreciation, depletion and amortization of property, plant, equipment and intangibles, (iii) any
debt extinguishment costs, (iv) non-cash charges including non-cash charges due to cumulative
effects of changes in accounting principles, (v) any amount of asset retirement obligations
expense, and (vi) transaction costs, fees and expenses incurred during such period in connection
with any acquisition not prohibited hereunder or any issuance of debt or equity securities by the
US Borrower or any of its Restricted Subsidiaries, in each case, for such period.

     “Consolidated Funded Indebtedness” means, as of any date of determination, for the US
Borrower and its Restricted Subsidiaries on a consolidated basis, the sum of (a) the outstanding
principal amount of all obligations, whether current or long-term, for borrowed money (including
Obligations hereunder) and all obligations evidenced by bonds, debentures, notes, loan agreements
or other similar instruments, (b) all direct obligations arising under standby letters of credit
(other than with respect to mine reclamation and workers compensation and other employee benefit
liabilities) and similar instruments, (c) all obligations in respect of the deferred purchase price
of property or services (other than (i) trade accounts payable in the ordinary course of business,
(ii) obligations under federal coal leases and (iii) obligations under coal leases which may be
terminated at the discretion of the lessee), (d) Attributable Indebtedness in respect of Capital
Lease Obligations, (e) without duplication, all Guarantees with respect to outstanding Indebtedness
of the types specified in clauses (a) through (d) above of Persons other than the US Borrower or
any Subsidiary (other than Guarantees of less than $25,000,000 individually and $100,000,000 in the
aggregate), and (f) amounts due under Permitted Securitization Programs (whether or not on the
balance sheet of the US Borrower or its Restricted Subsidiaries), excluding the Existing
Securitization, provided that Consolidated Funded Indebtedness shall exclude (i)
the $750,000,000 in aggregate principal amount of the convertible junior subordinated debentures of
the US Borrower due December 2066, (ii) with respect to any junior subordinated equity-linked
security, the percentage of equity credit received from each of Moody’s and S&P (or if Moody’s and
S&P provide different levels of equity credit, the lesser percentage of equity credit received) for
such additional equity-linked security issuances, (iii) Non-Recourse Debt, (iv) the amount of
obligations under any Guarantee issued by the US Borrower or any of its Restricted Subsidiaries
existing on the Closing Date and (v) the Excel Bonds held by the US Borrower or its consolidated
Subsidiaries on the Closing Date.

     “Consolidated Interest Coverage Ratio” means, as of any date of determination, the
ratio of (a) Consolidated EBITDA for the period of the four prior consecutive fiscal quarters
ending as
of the date of the financial statements most recently delivered by the US Borrower pursuant to
Section 6.01(a) or (b), as applicable, to (b) Consolidated Cash Interest Charges
for such period.

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     “Consolidated Leverage Ratio” means, as of any date of determination, the ratio of (a)
Consolidated Funded Indebtedness as of the date of the financial statements most recently delivered
by the US Borrower pursuant to Section 6.01(a) or (b), as applicable, to (b)
Consolidated EBITDA for the period of the four consecutive fiscal quarters ending as of the date of
such financial statements.

     “Consolidated Net Income” means, for any period, for the US Borrower and its
Restricted Subsidiaries on a consolidated basis, the net income attributable to common stockholders
of the US Borrower and its Restricted Subsidiaries for that period, determined in accordance with
GAAP, plus (a) any cash dividends and/or distributions actually received by the US Borrower
or a Restricted Subsidiary from any Unrestricted Subsidiary and/or Joint Venture during such period
to the extent not already included therein; minus (b) any net income (or loss) of the US
Borrower or a Restricted Subsidiary for such period that is accounted for by the equity method of
accounting to the extent included therein.

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

     “Control” means the possession, directly or indirectly, of the power to direct or
cause the direction of the management or policies of a Person, whether through the ability to
exercise voting power, by contract or otherwise. “Controlling” and “Controlled”
have meanings correlative thereto.

     “Credit Extension” means each of the following: (a) a Borrowing and (b) an L/C Credit
Extension.

     “Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other
liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium,
rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the
United States or other applicable jurisdictions from time to time in effect and affecting the
rights of creditors generally.

     “Default” means any event or condition that constitutes an Event of Default or that,
with the giving of any notice, the passage of time, or both, would be an Event of Default.

     “Default Rate” means (a) when used with respect to Obligations other than Letter of
Credit Fees, an interest rate equal to (i) the Base Rate plus (ii) the Applicable Rate, if
any, applicable to Base Rate Loans plus (iii) 2% per annum; provided,
however, that with respect to a Eurocurrency Rate Loan, the Default Rate shall be an
interest rate equal to the interest rate (including any Applicable Rate and any Mandatory Cost)
otherwise applicable to such Loan plus 2% per annum, and (b) when used with respect to
Letter of Credit Fees, a rate equal to the Applicable Rate plus 2% per annum.

     “Defaulting Lender” means any Lender that (a) has failed to fund any portion of the
Term Loans, Revolving Credit Loans, participations in L/C Obligations or participations in Swing
Line Loans required to be funded by it hereunder within three Business Days of the date required to
be funded by it hereunder, (b) has otherwise failed to pay over to the Administrative Agent or

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any
other Lender any other amount required to be paid by it hereunder within three Business Days of the
date when due, unless the subject of a good faith dispute, or (c) has been deemed insolvent or
become the subject of a bankruptcy or insolvency proceeding. A Lender that has become a Defaulting
Lender because of an event referenced in this definition may cure such status and shall no longer
constitute a Defaulting Lender as provided in the last paragraph of Section 2.17.

     “Designated Letters of Credit” means letters of credit issued with respect to mine
reclamation, workers’ compensation and other employee benefit liabilities.

     “Disposition” or “Dispose” means the sale, transfer, license, lease or other
disposition (including any sale and leaseback transaction) of any property by any Person, including
any sale, assignment, transfer or other disposal, with or without recourse, of any notes or
accounts receivable or any rights and claims associated therewith.

     “Dollar” and “$” mean lawful money of the United States.

     “Dollar Equivalent” means, at any date, (a) with respect to any amount denominated in
Dollars, such amount, and (b) with respect to any amount denominated in any Alternative Currency,
the equivalent amount thereof in Dollars as determined by the Administrative Agent or the L/C
Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of
the most recent Revaluation Date) for the purchase of Dollars with such Alternative Currency.

     “Domestic Subsidiary” means any Subsidiary that is organized under the laws of any
political subdivision of the United States; provided, that in no event shall a Domestic
Subsidiary that is a Subsidiary of a Foreign Subsidiary be considered a “Domestic Subsidiary” for
purposes of the Loan Documents.

     “Dutch Borrower” has the meaning specified in the introductory paragraph hereto.

     “Dutch Borrower Obligations” means all Obligations of the Dutch Borrower.

     “Dutch Borrower Revolving Credit Commitment” means, as to each Dutch Borrower
Revolving Credit Lender, its obligation to make Dutch Borrower Revolving Credit Loans to the Dutch
Borrower pursuant to Section 2.01(b)(ii), in an aggregate principal amount at any one time
outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01
under the caption “Dutch Borrower Revolving Credit Commitment” or opposite such caption in the
Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as
such amount may be adjusted from time to time in accordance with this Agreement. The aggregate
amount of the Dutch Borrower Revolving Credit Commitments as of the Closing Date is $350,000,000.

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

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     “Dutch Borrower Revolving Credit Lender” means, at any time, any Lender that has a
Dutch Borrower Revolving Credit Commitment at such time.

     “Dutch Borrower Revolving Credit Loan” has the meaning specified in Section
2.01(b)(ii).

     “Dutch Facility Closing Date” means the first date all the conditions precedent in
Section 4.02 are satisfied or waived in accordance with Section 10.01.

     “Dutch Facility Guarantors” means, as of the Dutch Facility Closing Date, (a) the US
Borrower, (b) the US Subsidiary Guarantors and (c) all Foreign Subsidiaries of the US Borrower who
are Restricted Subsidiaries (other than the Dutch Borrower and the Excluded Foreign Subsidiaries).
In addition to the US Borrower and the US Subsidiary Guarantors, the Dutch Facility Guarantors as
of the Dutch Facility Closing Date are expected to be the Foreign Subsidiaries of the US Borrower
that are listed on Schedule 1.01(c).

     “Dutch Facility Guaranty” means the Guaranty of the Dutch Borrower Obligations made by
the Dutch Facility Guarantors in favor of the Administrative Agent and the Lenders, substantially
in the form of Exhibit G.

     “Dutch Facility Termination Date” means the date on which the Dutch Borrower Revolving
Credit Commitments shall have been terminated, any Dutch Borrower Revolving Credit Loans shall have
been paid in full in cash and no other Obligation with respect to the Dutch Borrower Revolving
Credit Facility shall remain unpaid or unsatisfied (other than in respect of contingent
obligations, indemnities and costs and expenses related thereto not then payable or in existence).

     “Eligible Assignee” means (a) a Lender, (b) an Affiliate of a Lender, (c) an Approved
Fund and (d) any other Person (other than a natural person) approved by (i) the Administrative
Agent and (ii) unless an Event of Default has occurred and is continuing, the US Borrower (each
such approval not to be unreasonably withheld or delayed); provided that notwithstanding
the foregoing, “Eligible Assignee” shall not include the US Borrower, the Dutch Borrower or any of
their respective Affiliates or Subsidiaries; and provided further, however,
unless an Event of Default has occurred and is continuing, that an Eligible Assignee shall include
only a Lender, an Affiliate of a Lender or another Person, which, through its Lending Offices, is
capable of lending to the US Borrower or the Dutch Borrower, as applicable, without the imposition
of any additional Indemnified Taxes and assignment to such Person would not, at the time of such
assignment, result in the US Borrower or Dutch Borrower becoming liable to pay any additional
amount to such Person or any Governmental Authority pursuant to Section 3.01 or Section
3.04.

     “EMU” means the economic and monetary union in accordance with the Treaty of Rome
1957, as amended by the Single European Act 1986, the Maastricht Treaty of 1992 and the Amsterdam
Treaty of 1998.

     “EMU Legislation” means the legislative measures of the European Council for the
introduction of, changeover to or operation of a single or unified European currency.

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     “Environmental Laws” means any and all applicable current and future federal, state,
local and foreign statutes, laws, regulations, ordinances, rules, judgments, orders, decrees,
permits, concessions, grants, franchises, licenses, agreements or other governmental restrictions
or common law causes of action relating to (a) protection of the environment or to emissions,
discharges, releases or threatened releases of pollutants, contaminants, chemicals, or industrial,
toxic or hazardous substances or wastes into the environment including ambient air, surface, water,
ground water, or land, (b) human health as affected by Hazardous Substances, and (c) mining
operations and activities to the extent relating to environmental protection or reclamation,
including the Surface Mining Control and Reclamation Act, provided that “Environmental Laws” do not
include any laws relating to worker or retiree benefits, including benefits arising out of
occupational diseases.

     “Environmental Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental remediation, fines, penalties or indemnities),
directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the
generation, use, handling, transportation, storage, treatment or disposal of any Hazardous
Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any
Hazardous Materials into the environment or (e) any contract, agreement or other consensual
arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

     “Environmental Permits” means any and all permits, licenses, registrations,
notifications, exemptions and any other authorization required under any applicable Environmental
Law.

     “Equity Interests” means, with respect to any Person, all of the shares of capital
stock of (or other ownership or profit interests in) such Person, all of the warrants, options or
other rights for the purchase or acquisition from such Person of shares of capital stock of (or
other ownership or profit interests in) such Person, all of the securities convertible into or
exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person
or warrants, rights or options for the purchase or acquisition from such Person of such shares (or
such other interests), and all of the other ownership or profit interests in such Person (including
partnership, member or trust interests therein), whether voting or nonvoting, and whether or not
such shares, warrants, options, rights or other interests are outstanding on any date of
determination.

     “ERISA” means the Employee Retirement Income Security Act of 1974, as the same may be
amended from time to time, the regulations promulgated thereunder and any successor statute.

     “ERISA Affiliate” means any trade or business (whether or not incorporated) under
common control with the US 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).

     “ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) the
failure to meet the minimum funding standards of Sections 412 or 430 of the Code or Sections
302 or 303 of ERISA with respect to any Pension Plan (whether or not waived in accordance with
Section 412(c) of the Code or Section 302(c) of ERISA) or the failure to make by its due date a
required installment under Section 430(j) of the Code with respect to any Pension Plan or

12

 

the failure to make any required contribution to a Multiemployer Plan; (c) a determination that any
Pension Plan is, or is expected to be, in “at risk” status (as defined in Section 430 of the Code
or Section 303 of ERISA); (d) a determination that any Multiemployer Plan is, or is expected to be,
in “critical” or “endangered” status under Section 432 of the Code or Section 305 of ERISA; (e) a
withdrawal by the US 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 that is treated as such a withdrawal under Section 4062(e)
of ERISA; (f) a complete or partial withdrawal by the US Borrower or any ERISA Affiliate from a
Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (g) 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; (h) an event or condition which constitutes grounds under
Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any
Pension Plan or Multiemployer Plan; (i) the imposition of any liability under Title IV of ERISA,
other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon the US
Borrower or any ERISA Affiliate; (j) receipt from the IRS of notice of the failure of any Pension
Plan (or any other Plan intended to be qualified under Section 401(a) of the Code) to qualify under
Section 401(a) of the Code, or the failure of any trust forming part of any Pension Plan to qualify
for exemption from taxation under Section 501(a) of the Code; (k) the imposition of a Lien pursuant
to Section 430(k) of the Code or Section 303(k) of ERISA or a violation of Section 436 of the Code
with respect to any Pension Plan; or (l) the occurrence of any Foreign Plan Event.

     “Euro” and “EUR” mean the lawful currency of the Participating Member States
introduced in accordance with the EMU Legislation.

     “Eurocurrency Rate” means, for any Interest Period (a) with respect to a Eurocurrency
Rate Loan, the rate per annum equal to the British Bankers Association LIBOR Rate (“BBA
LIBOR”), as published by Reuters (or other commercially available source providing quotations
of BBA LIBOR as designated by the Administrative Agent from time to time) at approximately 11:00
a.m., London time, two Business Days prior to the commencement of such Interest Period, for
deposits in the relevant currency (for delivery on the first day of such Interest Period) with a
term equivalent to such Interest Period and (b) with respect to a determination of “Base Rate”
(pursuant to clause (b) of its definition), BBA LIBOR for a one month Interest Period as published
by Reuters (or other commercially available source providing quotations of BBA LIBOR as designated
by the Administrative Agent from time to time) at approximately 11:00 a.m., London time on each
Business Day on which the Base Rate is being determined. If such rate is not available at such
time for any reason, then the “Eurocurrency Rate” for such Interest Period shall be the rate per
annum determined by the Administrative Agent to be the rate at which deposits in the relevant
currency for delivery on the first day of such Interest Period in Same Day Funds in the approximate
amount of the Eurocurrency Rate Loan being made, continued or converted by Bank of America and with
a term equivalent to such Interest Period would be offered by Bank of America’s London Branch (or
other Bank of America branch or
Affiliate) to major banks in the London or other offshore interbank market for such currency
at their request at approximately 11:00 a.m. (London time) (x) in the case of clause (a) above, two
Business Days prior to the commencement of such Interest Period and (y) in case of clause (b)
above, on each Business Day on which the Base Rate is being determined.

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     “Eurocurrency Rate Loan” means a Term Loan or a Revolving Credit Loan that bears
interest at a rate based on the Eurocurrency Rate. Eurocurrency Rate Loans may be denominated in
Dollars or, solely with regards to Revolving Credit Loans (but excluding Swing Line Loans) in an
Alternative Currency. All Revolving Credit Loans denominated in an Alternative Currency must be
Eurocurrency Rate Loans.

     “Event of Default” has the meaning specified in Section 8.01.

     “Excel Bonds” means, collectively, (a) the $10,000,000 in aggregate principal amount
of Peabody Australia Mining Limited’s 6.34% Series A bonds, due December 2014, (b) the $39,000,000
in aggregate principal amount of Peabody Australia Mining Limited’s 6.34% Series B bonds, due
December 2014, and (c) the $57,000,000 in aggregate principal amount of Peabody Australia Mining
Limited’s 6.84% Series C bonds, due December 2016.

     “Excluded Foreign Subsidiary” means

     (a) any Foreign Subsidiary that is prevented from giving a Dutch Facility Guaranty because a
“whitewash” or other similar procedure required with respect to such Foreign Subsidiary under
applicable law to guarantee debt has not been consummated,

     (b) any Foreign Subsidiary that is created or acquired after the Closing Date, or through the
acquisition by either of the Borrowers or a Subsidiary of additional securities becomes a
Subsidiary after the Closing Date, to the extent that (and only for so long as) the giving of a
Dutch Facility Guaranty by such Foreign Subsidiary in accordance with Section 6.12 would be
prohibited by applicable law,

     (c) any Foreign Subsidiary that would be prohibited by the terms of any Contractual Obligation
from guaranteeing the Obligations or any other obligations or liabilities guaranteed pursuant to
the terms of the Dutch Facility Guaranty (it being understood that, for purposes of this
definition, the terms of any Contractual Obligation shall be deemed to prohibit such Guarantee if
it would constitute a breach or default under or result in the termination of or require the
consent of any Person (other than the US Borrower or any of its Subsidiaries, or the Administrative
Agent or the Lenders in their respective capacities as such) under the security, agreement,
instrument or other undertaking giving rise to such Contractual Obligation) so long as such
Contractual Obligation was not created in contemplation of this definition,

     (d) any Foreign Subsidiary whose provision of a Dutch Facility Guaranty would cause material
adverse tax consequences for the US Borrower and its Subsidiaries,

     (e) any Foreign Subsidiary that is not a wholly-owned Subsidiary,

     (f) any Foreign Subsidiary which is not organized or incorporated under the laws of Australia,
England, the Netherlands or Singapore; provided that the US Borrower may designate a
Foreign Subsidiary which is organized or incorporated under the laws of any non-United States
jurisdiction to be a Dutch Facility Guarantor if so agreed by the Administrative Agent pursuant to
the provisions of Section 6.12(b), or

14

 

     (g) the following Foreign Subsidiaries, which have de minimus assets and are in the process of
dissolution: Excel Employment Services Pty Ltd and North Goonyella Coal Mine Management Pty Ltd.

     The Excluded Foreign Subsidiaries as of the Closing Date are listed on Schedule
1.01(d).

     “Excluded Taxes” means, with respect to the Administrative Agent, any Lender, the L/C
Issuer or any other recipient of any payment to be made by or on account of any obligation of the
Borrowers hereunder, (a) branch profits taxes or taxes imposed on or measured by its overall net
income (however denominated), and franchise taxes imposed on it (in lieu of net income taxes), as a
result of a present or former connection between the Administrative Agent, such Lender or such L/C
Issuer (or such other recipient) and the jurisdiction of the Governmental Authority imposing such
tax or any political subdivision or taxing authority thereof or therein (other than any such
connection arising solely from the Administrative Agent, such Lender, or such L/C Issuer (or such
other recipient) having executed, delivered or performed its obligations or received a payment
under, or enforced, this Agreement or any Note) and (b) other than in the case of an assignee
pursuant to a request by the Borrowers under Section 10.13, any United States tax or Dutch
withholding tax that is imposed on amounts payable to a Lender at the time such Lender becomes a
party hereto (or designates a new Lending Office) or is attributable to such Lender’s failure or
inability (other than as a result of a Change in Law after the date such Lender becomes a party
hereto) to comply with Section 3.01(e); except to the extent that such Lender (or its
assignor, if any) was entitled, at the time of the designation of a new Lending Office (or
assignment) to receive additional amounts from the Borrowers with respect to such withholding tax
pursuant to Section 3.01(a) or (c) any United States withholding tax imposed as a result of
a Lender’s failure to comply with the requirements of Sections 1471 through 1474 of the Code
(effective as of the date hereof) and any regulations promulgated thereunder.

     “Existing Credit Agreement” has the meaning specified in the recitals to this
Agreement.

     “Existing Letters of Credit” means the letters of credit set forth on Schedule
1.01(f).

     “Existing Securitization” means the accounts receivable securitization financing of
P&L Receivables Company LLC, existing as of the Closing Date.

     “Facility” means the Revolving Credit Facility or the Term Loan Facility, as the
context may require.

     “Federal Funds Rate” means, for any day, the rate per annum equal to the weighted
average of the rates on overnight Federal funds transactions with members of the Federal Reserve
System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of
New York on the Business Day next succeeding such day; provided that (a) if
such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such
transactions on the next preceding Business Day as so published on the next succeeding Business
Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal
Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole
multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined
by the Administrative Agent.

15

 

     “Fee Letters” means, collectively, (a) the letter agreement, dated June 18, 2010,
among the US Borrower, the Administrative Agent and Banc of America Securities, LLC, (b) the letter
agreement, dated June 18, 2010, among the US Borrower, Citibank, N.A. and Citigroup Global Markets,
Inc., and (c) the letter agreement, dated June 18, 2010, among the US Borrower, HSBC Securities
(USA) Inc. and HSBC Bank USA, N.A.

     “Financing Lease” means any lease of property, real or personal, the obligations of
the lessee in respect of which are required in accordance with GAAP to be capitalized on a balance
sheet of the lessee; provided that, any operating lease that is required to be treated as a
capital lease in accordance with GAAP as a result of any Accounting Change shall not be deemed a
Financing Lease for purposes of this Agreement.

     “Foreign Lender” means, with respect to either of the Borrowers, any Lender that is
organized under the laws of a jurisdiction other than that in which the applicable Borrower is
resident for tax purposes. For purposes of this definition, the United States, each State thereof
and the District of Columbia shall be deemed to constitute a single jurisdiction.

     “Foreign Loan Parties” means, collectively, the Dutch Borrower and each Dutch Facility
Guarantor.

     “Foreign Plan” means any employee benefit plan, program, policy, arrangement or
agreement maintained or contributed to by any Loan Party or any of their respective Subsidiaries
with respect to employees employed outside the United States and paid through a non-United States
payroll.

     “Foreign Plan Event” means, with respect to any Foreign Plan, (a) the existence of
unfunded liabilities in excess of the amount permitted under any applicable law, or in excess of
the amount that would be permitted absent a waiver from a Governmental Authority, (b) the failure
to make the required contributions or payments, under any applicable law, within the time permitted
by Law for such contributions or payments, (c) the receipt of a notice from a Governmental
Authority relating to the intention to terminate any such Foreign Plan or to appoint a trustee or
similar official to administer any such Foreign Plan, or alleging the insolvency of any such
Foreign Plan, (d) the incurrence of any liability by any Loan Party under applicable law on account
of the complete or partial termination of such Foreign Plan or the complete or partial withdrawal
of any participating employer therein, in each case, which could reasonably be expected to have a
Material Adverse Effect, or (e) the occurrence of any transaction with respect to a Foreign Plan
that is prohibited under any applicable law and that could reasonably be expected to result in the
incurrence of any liability by any Loan Party, or the imposition on any Loan Party of any fine,
excise tax or penalty with respect to a Foreign Plan
resulting from any noncompliance with any applicable law, in each case which could reasonably
be expected to have a Material Adverse Effect.

     “Foreign Subsidiary” means a Subsidiary that is organized under the laws of a
jurisdiction other than the United States or any State thereof or the District of Columbia and any
Subsidiary thereof.

16

 

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

     “Fronting Fee” has the meaning specified in Section 2.03(j).

     “Fund” means any Person (other than a natural person) that is (or will be) engaged in
making, purchasing, holding or otherwise investing in commercial loans and similar extensions of
credit in the ordinary course of its business.

     “GAAP” means generally accepted accounting principles, which are applicable to the
circumstances as of the date of determination. The sources of accounting principles and the
framework for selecting the principles used in the preparation of financial statements of
nongovernmental entities that are presented in conformity with GAAP in the United States, are set
forth in the Financial Accounting Standards Board’s Accounting Standards Codification.

     “Governmental Authority” means the government of the United States or any other
nation, or any political subdivision thereof, whether state or local, and any agency, authority,
instrumentality, regulatory body, court, central bank or other entity exercising executive,
legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to
government (including any supra-national bodies such as the European Union or the European Central
Bank).

     “Guarantee” means, as to any Person (the “guaranteeing person”), any obligation of (a)
the guaranteeing person or (b) another Person (including, without limitation, any bank under any
letter of credit) to the extent the guaranteeing person has issued a reimbursement,
counterindemnity or similar obligation in order to induce the creation of such obligation, in
either case guaranteeing or in effect guaranteeing any Indebtedness, leases, dividends or other
obligations (the “primary obligations”) of any other third Person (the “primary obligor”) in any
manner, whether directly or indirectly, including, without limitation, reimbursement obligations
under letters of credit and any obligation of the guaranteeing person, whether or not contingent,
(i) to purchase any such primary obligation or any property constituting direct or indirect
security therefor, (ii) to advance or supply funds (1) for the purchase or payment of any such
primary obligation or (2) to maintain working capital or equity capital of the primary obligor or
otherwise to maintain the net worth or solvency 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 owner of any such primary obligation against loss in
respect thereof; provided, however, that the term Guarantee Obligation shall not
include (i) indemnification or reimbursement obligations under or in respect of Surety Bonds or
Designated Letters of Credit, (ii) ordinary course performance guarantees by any Loan Party of the
obligations (other than for the payment of borrowed money) of any other Loan Party and (iii)
endorsements of instruments for deposit or collection in the ordinary course of business. The
amount of any Guarantee obligation of any guaranteeing person shall be deemed to be the lower of
(a) an amount equal to the stated or determinable amount of the primary obligation in respect of
which such Guarantee obligation is made and (b) the maximum amount for which such guaranteeing
person may be liable pursuant to the terms of the instrument embodying such Guarantee obligation,
unless such primary obligation and the maximum amount for which such guaranteeing person may be
liable

17

 

are not stated or determinable, in which case the amount of such Guarantee obligation shall be
such guaranteeing person’s maximum reasonably anticipated liability in respect thereof as
determined by the US Borrower in good faith. The term “Guarantee” as a verb has a corresponding
meaning.

     “Guarantors” shall mean, collectively, the US Subsidiary Guarantors and the Dutch
Facility Guarantors.

     “Hazardous Materials” means (i) any explosive or radioactive substances or wastes and
(ii) any hazardous or toxic substances, materials or wastes, defined or regulated as such in or
under, or that could reasonably be expected to give rise to liability under, any applicable
Environmental Law, including, without limitation, asbestos, polychlorinated biphenyls,
urea-formaldehyde insulation, gasoline or petroleum (including crude oil or any fraction thereof)
or petroleum products or any coal ash, coal combustion by-products or waste, boiler slag, scrubber
residue or flue desulphurization residue.

     “Honor Date” shall have the meaning specified in Section 2.03(c)(i).

     “Incremental US Borrower Revolving Credit Commitment” has the meaning specified in
Section 2.14(a).

     “Incremental US Borrower Revolving Credit Lender” has the meaning specified in
Section 2.14(c).

     “Indebtedness” means, as to any Person at a particular time, without duplication, all
of the following, whether or not included as indebtedness or liabilities in accordance with GAAP:

     (a) all obligations of such Person for borrowed money and all obligations of such
Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments;

     (b) all obligations of such Person arising under bankers’ acceptances issued for the
account of such Person;

     (c) net obligations of such Person under any Swap Contract;

     (d) all obligations of such Person to pay the deferred purchase price of property or
services (other than current trade liabilities incurred in the ordinary course of business
and payable in accordance with customary practices and accrued expenses incurred in the
ordinary course of business);

     (e) indebtedness (excluding prepaid interest thereon) secured by a Lien on property
owned or being purchased by such Person (including indebtedness arising under conditional
sales or other title retention agreements), whether or not such indebtedness shall have been
assumed by such Person or is limited in recourse;

     (f) Capital Lease Obligations (other than obligations in connection with the IRBs); and

18

 

     (g) all Guarantees of such Person in respect of any of the foregoing Indebtedness of
any other Person (but excluding any performance and completion Guarantees of such Person).

     The amount of any net obligation under any Swap Contract on any date shall be deemed to be the
Swap Termination Value thereof as of such date. The amount of any Capital Lease Obligation as of
any date shall be deemed to be the amount of Attributable Indebtedness in respect thereof as of
such date.

     “Indemnified Taxes” means Taxes other than Excluded Taxes.

     “Indemnitees” has the meaning specified in Section 10.04(b).

     “Information” has the meaning specified in Section 10.07.

     “Interest Payment Date” means, (a) as to any Loan other than a Base Rate Loan or a BBA
LIBOR Daily Floating Rate Loan, the last day of each Interest Period applicable to such Loan and
the Maturity Date; provided, however, that if any Interest Period for a
Eurocurrency Rate Loan exceeds three months, the respective dates that fall every three months
after the beginning of such Interest Period shall also be Interest Payment Dates; and (b) as to any
Base Rate Loan and any BBA LIBOR Daily Floating Rate Loan, the last Business Day of each March,
June, September and December and the Maturity Date.

     “Interest Period” means, as to each Eurocurrency Rate Loan, the period commencing on
the date such Eurocurrency Rate Loan is disbursed or converted to or continued as a Eurocurrency
Rate Loan and ending on the date one, two, three or six months thereafter, or, if available to all
Lenders making such Eurocurrency Rate Loan, one or two weeks or nine or twelve months thereafter,
as selected by the applicable Borrower in its Borrowing Notice; provided that:

     (i) any Interest Period that would otherwise end on a day that is not a Business Day
shall be extended to the next succeeding Business Day unless such Business Day falls in
another calendar month, in which case such Interest Period shall end on the next preceding
Business Day;

     (ii) any Interest Period 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 shall extend beyond the Maturity Date.

     “Investment” means, as to any Person, any direct or indirect acquisition or investment
by such Person, whether by means of (a) the purchase or other acquisition of Capital Stock or other
securities of another Person, (b) a loan, advance (excluding intercompany liabilities incurred in
the ordinary course of business in connection with the cash management operations of the Borrowers
and their respective Subsidiaries) or capital contribution to, or purchase or other acquisition of
any other debt or equity participation or interest in, another Person, including any

19

 

partnership or joint venture interest in such other Person, or (c) the purchase or other
acquisition (in one transaction or a series of transactions) of assets of another Person that
constitute a business unit. For purposes of covenant compliance, the amount of any Investment
shall be (i) the amount actually invested, as determined immediately prior to the time of each such
Investment, without adjustment for subsequent increases or decreases in the value of such
Investment minus (ii) the amount of dividends or distributions received in connection with
such Investment and any return of capital and any payment of principal received in respect of such
Investment that in each case is received in cash, cash equivalents or short-term marketable debt
securities.

     “IP Rights” has the meaning specified in Section 5.17.

     “IRBs” means the City of St. Louis, Missouri Taxable Industrial Development Revenue
Bonds (Peabody Energy Corporation Project), Series 2010, in an aggregate principal amount not to
exceed $60,000,000, as evidenced by that certain Trust Indenture, to be entered into between the
City of St. Louis, Missouri and U.S. Bank, National Association, St. Louis, Missouri.

     “IRS” means the United States Internal Revenue Service.

     “ISP” means, with respect to any Letter of Credit, the “International Standby
Practices 1998” published by the Institute of International Banking Law & Practice (or such later
version thereof as may be in effect at the time of issuance).

     “Issuer Documents” means with respect to any Letter of Credit, the Letter of Credit
Application, and any other document, agreement and instrument entered into by the L/C Issuer and
the US Borrower (or any Subsidiary) or in favor the L/C Issuer and relating to any such Letter of
Credit.

     “Joint Venture” means any Person (other than a Subsidiary) in which the US Borrower
and its Subsidiaries collectively hold an ownership interest.

     “Judgment Currency” has the meaning specified in Section 10.18.

     “Laws” means, as to any Person, collectively, all international, foreign, Federal,
state and local statutes, treaties, rules, regulations, ordinances, codes, and determinations of
arbitrators or courts or other Governmental Authorities, in each case applicable to or binding upon
such Person or any of its property or to which such Person or any of its property is subject.

     “L/C Advance” means, with respect to each Lender, such Lender’s funding of its
participation in any L/C Borrowing in accordance with its Applicable Percentage. All L/C Advances
shall be denominated in Dollars.

     “L/C Borrowing” means an extension of credit resulting from a drawing under any Letter
of Credit which has not been reimbursed on the date when made or refinanced as a Borrowing. All
L/C Borrowings shall be denominated in Dollars.

     “L/C Credit Extension” means, with respect to any Letter of Credit, the issuance
thereof or extension of the expiry date thereof, or the increase of the amount thereof.

20

 

     “L/C Issuer” means Bank of America in its capacity as issuer of Letters of Credit
hereunder, and such other Lender or Lenders that agree to act as L/C Issuer at the request of the
US Borrower, and any successor issuer of Letters of Credit hereunder or any of their respective
Affiliates, in each case in its capacity as issuer of any Letter of Credit.

     “L/C Obligations” means, as at any date of determination, the aggregate amount
available to be drawn under all outstanding Letters of Credit plus the aggregate of all
Unreimbursed Amounts. For purposes of computing the amount available to be drawn under any Letter
of Credit, the amount of such Letter of Credit shall be determined in accordance with Section
1.08. For all purposes of this Agreement, if on any date of determination a Letter of Credit
has expired by its terms but any amount may still be drawn thereunder by reason of the operation of
Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so
remaining available to be drawn.

     “Lender” has the meaning specified in the introductory paragraph hereto and includes
(i) any Incremental US Borrower Revolving Credit Lender and (ii) as the context requires, the Swing
Line Lender.

     “Lending Office” means, as to any Lender, the office or offices of such Lender
described as such in such Lender’s Administrative Questionnaire, or such other office or offices as
a Lender may from time to time notify the applicable Borrower and the Administrative Agent.

     “Letter of Credit” means any letter of credit or Bank Guarantee issued hereunder and
shall include the Existing Letters of Credit. Letters of Credit may be issued in Dollars or in an
Alternative Currency.

     “Letter of Credit Application” means an application and agreement for the issuance or
amendment of a Letter of Credit in the form from time to time in use by any L/C Issuer.

     “Letter of Credit Expiration Date” means the day that is five days prior to the
Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business
Day).

     “Letter of Credit Fee” has the meaning specified in Section 2.03(i).

     “Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement,
encumbrance, lien (statutory or other), charge, or preference, priority or other security interest
or preferential arrangement in the nature of a security interest of any kind or nature whatsoever
(including any conditional sale or other title retention agreement, any easement, right of way or
other encumbrance on title to real property, and any Financing Lease having substantially the same
economic effect as any of the foregoing).

     “Loan” means an extension of credit by a Lender to the US Borrower or the Dutch
Borrower, as applicable under Article II in the form of a Term Loan, a Revolving Credit Loan or a
Swing Line Loan.

     “Loan Documents” means this Agreement, each Note, each Issuer Document, the Fee
Letters, the US Subsidiary Guaranty and the Dutch Facility Guaranty.

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     “Loan Parties” means, collectively, the US Loan Parties and the Foreign Loan Parties.

     “Mandatory Cost” means, with respect to any period, the percentage rate per annum
determined in accordance with Schedule 1.01(a).

     “Material Adverse Effect” means a material adverse effect upon (a) the business,
assets, operations, property or condition (financial or otherwise) of the US Borrower and its
Restricted Subsidiaries taken as a whole or (b) the validity or enforceability of this or any of
the other Loan Documents or the rights or remedies of the Agents or the Lenders hereunder or
thereunder.

     “Maturity Date” means June 18, 2015; provided, however, that, in each
case, if such date is not a Business Day, the Maturity Date shall be the immediately preceding
Business Day.

     “Moody’s” means Moody’s Investors Service, Inc. and any successor thereto.

     “Multiemployer Plan” means any employee benefit plan of the type described in Section
4001(a)(3) of ERISA, to which the US Borrower or any ERISA Affiliate makes or is obligated to make
contributions, or during the preceding five plan years, has made or been obligated to make
contributions.

     “Non-Recourse Debt” means Indebtedness (a) as to which neither the US Borrower nor any
of its Restricted Subsidiaries (i) provides credit support of any kind (including any undertaking,
agreement or instrument that would constitute Indebtedness) other than a pledge of the equity
interests of any Unrestricted Subsidiary, (ii) is directly or indirectly liable (as a guarantor or
otherwise) other than by virtue of a pledge of the equity interests of any Unrestricted Subsidiary,
or (iii) constitutes the lender; (b) no default with respect to which (including any rights that
the holders thereof may have to take enforcement action against any Unrestricted Subsidiary) would
permit (upon notice, lapse of time or both) any holder of any other Indebtedness (other than the
Obligations) of the US Borrower or any of its Restricted Subsidiaries to declare a default on such
other Indebtedness or cause the payment thereof to be accelerated or payable prior to its stated
maturity; and (c) as to which the lenders thereunder will not have any recourse to the Capital
Stock or assets of the US Borrower or any of its Restricted Subsidiaries (other than the equity
interests of any Unrestricted Subsidiary).

     “Note” means a Term Note or a Revolving Credit Note, as the context may require.

     “Obligations” means all advances to, and debts, liabilities and obligations (other
than Swap Obligations) of, any Loan Party arising under any Loan Document or otherwise with respect
to any Loan or Letter of Credit, whether direct or indirect (including those acquired by
assumption), absolute or contingent, due or to become due, now existing or hereafter arising and
including interest and fees that accrue after the commencement by or against any Loan Party or any
Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor
in such proceeding, regardless of whether such interest and fees are allowed claims in such
proceeding.

     “Organization Documents” means, (a) with respect to any corporation, the certificate
or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents
with respect to any non-US jurisdiction); (b) with respect to any limited liability company, the

22

 

certificate or articles of formation or organization and operating agreement; and (c) with
respect to any partnership, joint venture, trust or other form of business entity, the partnership,
joint venture or other applicable agreement of formation or organization and any agreement,
instrument, filing or notice with respect thereto filed in connection with its formation or
organization with the applicable Governmental Authority in the jurisdiction of its formation or
organization and, if applicable, any certificate or articles of formation or organization of such
entity.

     “Other Taxes” means all present or future stamp or documentary taxes or any other
excise or property taxes, charges or similar levies arising from any payment made hereunder or
under any other Loan Document or from the execution, delivery or enforcement of, or otherwise with
respect to, this Agreement or any other Loan Document.

     “Outstanding Amount” means (a) with respect to Term Loans, Revolving Credit Loans, US
Borrower Revolving Credit Loans or Dutch Borrower Revolving Credit Loans, as the context may
require, on any date, the Dollar Equivalent amount of the aggregate outstanding principal amount
thereof after giving effect to any borrowings and prepayments or repayments of such Term Loans,
Revolving Credit Loans, US Borrower Revolving Credit Loans or Dutch Borrower Revolving Credit
Loans, as applicable, occurring on such date; (b) with respect to Swing Line Loans on any date, the
aggregate outstanding principal amount thereof after giving effect to any borrowings and
prepayments or repayments of such Swing Line Loans occurring on such date; and (c) with respect to
any L/C Obligations on any date, the Dollar Equivalent amount of the aggregate outstanding amount
of such L/C Obligations on such date after giving effect to any L/C Credit Extension occurring on
such date and any other changes in the aggregate amount of the L/C Obligations as of such date,
including as a result of any reimbursements by the US Borrower of Unreimbursed Amounts.

     “Overnight Rate” means, for any day, (a) with respect to any amount denominated in
Dollars, the greater of (i) the Federal Funds Rate and (ii) an overnight rate determined by the
Administrative Agent, the L/C Issuer, or the Swing Line Lender, as the case may be, in accordance
with banking industry rules on interbank compensation, and (b) with respect to any amount
denominated in an Alternative Currency, the rate of interest per annum at which overnight deposits
in the applicable Alternative Currency, in an amount approximately equal to the amount with respect
to which such rate is being determined, would be offered for such day by a branch or Affiliate of
Bank of America in the applicable offshore interbank market for such currency to major banks in
such interbank market.

     “Participant” has the meaning specified in Section 10.06(d).

     “Participant Register” has the meaning specified in Section 10.06(d).

     “Participating Member State” means each state so described in any EMU Legislation.

     “PBGC” means the Pension Benefit Guaranty Corporation established pursuant to Subtitle
A of Title IV of ERISA, or any successor thereto.

     “Pension Plan” means any “employee pension benefit plan” (as such term is defined in
Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA

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and is sponsored or maintained by the US Borrower or any ERISA Affiliate or to which the US
Borrower or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a
plan described in Section 4064(a) of ERISA, has made contributions at any time during the
immediately preceding five plan years.

     “Permitted Amendments” shall mean an extension of the maturity date of any Loan and/or
any Commitment by the Accepting Lenders and, in connection therewith, (a) any change in the
Applicable Rate with respect to the applicable Loans and/or Commitments of the Accepting Lenders
and/or the payment of additional fees (including prepayment premiums or fees) to the Accepting
Lenders (such change and/or payments to be in the form of cash, Equity Interests or other property
as agreed by the Borrowers and the Accepting Lenders to the extent not prohibited by this
Agreement) and (b) the repayment in full on the Maturity Date of all Loans and other amounts owing
to each of the Lenders who are not Accepting Lenders notwithstanding the pro rata sharing
provisions of Section 2.13.

     “Permitted Securitization Programs” means (a) the Existing Securitization and (b) any
receivables securitization program pursuant to which the US Borrower or any of its Subsidiaries
sells accounts receivable and related receivables, so long as any related Indebtedness incurred to
finance the purchase of such accounts receivable is not included on the balance sheet of the US
Borrower or any Subsidiary in accordance with GAAP and applicable regulations of the SEC;
provided, that the aggregate principal amount of all asset-backed securities issued
pursuant to such receivables securitization programs covered in (a) and (b) above shall not exceed
$500,000,000 at any time outstanding.

     “Person” means any natural person, corporation, limited liability company, trust,
joint venture, association, company, partnership, Governmental Authority or other entity.

     “Plan” means any “employee benefit plan” (as such term is defined in Section 3(3) of
ERISA) established by the US Borrower or, with respect to any such plan that is subject to Section
412 of the Code or Title IV of ERISA, by any ERISA Affiliate.

     “Platform” has the meaning specified in Section 6.02.

     “Prairie State Project” means that certain approximately 1,500 megawatt capacity
coal-fired electricity generation plant on a reclaimed mine site in Washington County, Illinois.

     “Production Payments” means with respect to any Person, all production payment
obligations and other similar obligations with respect to coal and other natural resources of such
Person that are recorded as a liability or deferred revenue on the financial statements of such
Person in accordance with GAAP.

     “Pro Forma Basis” means, for purposes of calculating the financial covenants set forth
in Section 7.11, that with respect to any acquisition or disposition, such acquisition or
disposition shall be deemed to have occurred as of the first day of the most recent four fiscal
quarter period preceding the date of such acquisition or disposition for which the US Borrower has
delivered financial statements pursuant to Section 6.01. In connection with the foregoing,
(a) with respect to any acquisition, income statement items attributable to the Person or property
or assets acquired of shall be included to the extent relating to any period applicable in such
calculations

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to the extent (i) such items are not otherwise included in such income statement items for the
US Borrower and its Restricted Subsidiaries in accordance with GAAP or in accordance with any
defined terms set forth in Section 1.01, (ii) such items are supported by financial
statements or other information reasonably satisfactory to the Administrative Agent and (iii) any
Indebtedness incurred or assumed by the US Borrower or any Subsidiary (including the Person,
property or assets acquired) in connection with such acquisition and any Indebtedness of the
Person, property or assets acquired which is not retired in connection with such acquisition (A)
shall be deemed to have been incurred as of the first day of the most recent four fiscal quarter
period preceding the date for such acquisition and (B) if such Indebtedness has a floating or
formula rate, shall have an implied rate of interest for the most recent four fiscal quarter period
preceding the date of such acquisition for purposes of this definition determined by utilizing the
rate which is or would be in effect with respect to such Indebtedness as at the relevant date of
determination; and (b) with respect to any disposition, income statement items attributable to the
Person or property or assets being disposed of shall be excluded to the extent relating to any
period applicable in such calculations in accordance with the foregoing principles applicable to
acquisitions, mutatis mutandis.

     “Refinancing Indebtedness” has the meaning specified in Section 7.03(c).

     “Register” has the meaning specified in Section 10.06(c).

     “Registered Public Accounting Firm” has the meaning specified in the Securities Laws
and shall be independent of the Borrowers as prescribed by the Securities Laws.

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

     “Replaced Term Loans” has the meaning specified in Section 10.01.

     “Replacement Term Loans” has the meaning specified in Section 10.01.

     “Reportable Event” means any of the events set forth in Section 4043(c) of ERISA,
other than events for which the 30 day notice period has been waived.

     “Request for Credit Extension” means (a) with respect to a Borrowing, conversion or
continuation of Term Loans or Revolving Credit Loans, a Borrowing Notice, (b) with respect to an
L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Loan, a
Swing Line Loan Notice.

     “Required Lenders” means, as of any date of determination, Lenders holding more than
50% of the sum of the (a) Total Outstandings (with the aggregate amount of each Revolving Credit
Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being
deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate
unused Revolving Credit Commitments; provided that the unused Commitment of, and the
portion of the Total Outstandings held or deemed held by, any Defaulting Lender shall be excluded
from both the numerator and the denominator for purposes of making a determination of Required
Lenders.

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     “Required Revolving Lenders” means, as of any date of determination, Revolving Credit
Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the
aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in
L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for
purposes of this definition) and (b) aggregate unused Revolving Credit Commitments;
provided that the unused Revolving Credit Commitment of, and the portion of the Total
Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded from
both the numerator and the denominator for purposes of making a determination of Required Revolving
Lenders.

     “Requirement of Law” means as to any Person, the Organizational Documents of such
Person, and any law, treaty, rule or regulation or determination of an arbitrator or a court or
other Governmental Authority, in each case applicable to or binding upon such Person or any of its
property or to which such Person or any of its property is subject.

     “Responsible Officer” means the chief executive officer, president or any vice
president of the US Borrower or any applicable Subsidiary and, in addition, any Person holding a
similar position or acting as a director or managing director with respect to the Dutch Borrower or
any other Foreign Subsidiary of the US Borrower or, with respect to financial matters, the chief
financial officer, treasurer or assistant treasurer of the applicable Borrower and, in addition,
any Person holding a similar position with respect to the Dutch Borrower.

     “Restricted Payment” means any dividend or other distribution (whether in cash,
securities or other property) with respect to any Capital Stock of the US Borrower or any
Subsidiary, or any payment (whether in cash, securities or other property), including any sinking
fund or similar deposit, on account of the purchase, redemption, retirement, acquisition,
cancellation or termination of any such Capital Stock, or on account of any return of capital to
the US Borrower’s stockholders, partners or members (or the equivalent Person thereof).

     “Restricted Subsidiary” means any Subsidiary that is not an Unrestricted Subsidiary.

     “Revaluation Date” means (a) with respect to any Loan, each of the following: (i)
each date of a Borrowing of a Eurocurrency Rate Loan denominated in an Alternative Currency, (ii)
each date of a continuation of a Eurocurrency Rate Loan denominated in an Alternative Currency
pursuant to Section 2.02, (iii) each date on which a payment of a Loan denominated in an
Alternative Currency is made or required to be made hereunder and (iv) such additional dates as the
Administrative Agent shall determine or the Required Lenders shall require; and (b) with respect to
any Letter of Credit, each of the following: (i) each date of issuance of a Letter of Credit
denominated in an Alternative Currency, (ii) each date of an amendment of any such Letter of Credit
having the effect of increasing the amount thereof (solely with respect to the increased amount),
(iii) each date of any payment by the L/C Issuer under any Letter of Credit denominated in an
Alternative Currency, (iv) each date on which a reimbursement payment in respect of any Letter of
Credit denominated in an Alternative Currency is made or required to be made hereunder, (v) each
date on which the Borrowers are required to Cash Collateralize any L/C Obligations in respect of
any Letter of Credit denominated in an Alternative Currency and (vi) such additional dates as the
Administrative Agent or the L/C Issuer shall determine or the Required Lenders shall require.

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     “Revolving Credit Borrowing” means a borrowing consisting of simultaneous Revolving
Credit Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest
Period made by each of the Revolving Credit Lenders pursuant to Section 2.01(b).

     “Revolving Credit Commitment” means the US Borrower Revolving Credit Commitments and
the Dutch Borrower Revolving Credit Commitments. The aggregate amount of the Revolving Credit
Commitments as of the Closing Date is $1,500,000,000. At all times, (i) each Revolving Credit
Lender that does not increase its US Borrower Revolving Credit Commitment pursuant to Section
2.14 shall hold a percentage of the US Borrower Revolving Credit Commitments that equals the
percentage of the Dutch Borrower Revolving Credit Commitments which it holds and (ii) each
Revolving Credit Lender’s Revolving Credit Commitment shall be the sum of its US Borrower Revolving
Credit Commitment and Dutch Borrower Revolving Credit Commitment.

     “Revolving Credit Facility” means the Revolving Credit Commitments and the extensions
of credit made thereunder.

     “Revolving Credit Increase Effective Date” has meaning specified in Section
2.14(d).

     “Revolving Credit Lender” means, at any time, any US Borrower Revolving Credit Lender
or Dutch Borrower Revolving Credit Lender. As of the Closing Date, the US Borrower Revolving
Credit Lenders and the Dutch Borrower Revolving Credit Lenders shall be identical.

     “Revolving Credit Loans” means the US Borrower Revolving Credit Loans and the Dutch
Borrower Revolving Credit Loans.

     “Revolving Credit Note” means a promissory note made by the US Borrower or the Dutch
Borrower, as applicable, in favor of a Revolving Credit Lender evidencing Revolving Credit Loans or
Swing Line Loans, as the case may be, made by such Revolving Credit Lender, substantially in the
form of Exhibit C-2.

     “S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill
Companies, Inc. and any successor thereto.

     “Same Day Funds” means (a) with respect to disbursements and payments in Dollars,
immediately available funds, and (b) with respect to disbursements and payments in an Alternative
Currency, same day funds as may be determined by the Administrative Agent or the L/C Issuer, as the
case may be, to be customary in the place of disbursement or payment for the settlement of
international banking transactions in the relevant Alternative Currency.

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

     “Securities Laws” means the Securities Act of 1933, the Securities Exchange Act of
1934, the Sarbanes-Oxley Act of 2002 and the applicable accounting and auditing principles, rules,
standards and practices promulgated, approved or incorporated by the SEC or the Public Company
Accounting Oversight Board, as each of the foregoing may be amended and in effect on any applicable
date hereunder.

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     “Senior Notes” means, all senior notes and other debt securities issued from time to
time by the US Borrower or any of its Restricted Subsidiaries in the capital markets, including,
(a) the $650,000,000 in aggregate principal amount of the US Borrower’s 6 7/8% Senior Notes due
2013, (b) the $250,000,000 in aggregate principal amount of the US Borrower’s 5 7/8% Senior Notes
due 2016, (c) the $650,000,000 in aggregate principal amount of the US Borrower’s 7 3/8% Senior
Notes due 2016, (d) the $250,000,000 in aggregate principal amount of the US Borrower’s 7 7/8%
Senior Notes due 2026, (e) the $750,000,000 in aggregate principal amount of the US Borrower’s
Convertible Junior Subordinated Debentures due December 2066 and (f) the Excel Bonds.

     “Senior Notes Indenture” means, the indentures or equivalent agreements under which
any Senior Notes of the US Borrower are issued from time to time, including, (a) the Indenture,
dated as of March 21, 2003, among the US Borrower, the guarantors named therein and US Bank
National Association, as trustee, pursuant to which the 6 7/8% Senior Notes were issued, (b) the
Indenture, dated as of March 19, 2004, among the US Borrower, the guarantors named therein and US
Bank National Association, as trustee, pursuant to which the 5 7/8% Senior Notes were issued, (c)
the Indenture, dated as of March 19, 2004, among the US Borrower and U.S. Bank National
Association, as trustee, pursuant to which the 7 3/8% Senior Notes were issued, (d) the Indenture,
dated as of March 19, 2004, among the US Borrower, and U.S. Bank National Association, as trustee,
pursuant to which the 7 7/8% Senior Notes were issued and (e) the Indenture, dated as of December
20, 2006, among the US Borrower, U.S. Bank National Association, as trustee, pursuant to which the
4.75% Convertible Junior Subordinated Debentures were issued.

     “Similar Business” means coal production, coal mining, coal gasification, coal
liquifaction, coal-to-chemical conversions, other BTU conversions, coal brokering, coal
transportation, mine development, electricity generation, power/energy sales and other energy
related businesses, coal supply contract restructurings, ash disposal, environmental remediation,
coal and coal bed methane exploration, production, marketing, transportation and distribution, real
estate development and other related businesses, and activities of the US Borrower and its
Subsidiaries as of the date hereof and any business or activity that is reasonably similar thereto
or a reasonable extension, development or expansion thereof or ancillary thereto.

     “Special Notice Currency” means at any time an Alternative Currency, other than the
currency of a country that is a member of the Organization for Economic Cooperation and Development
at such time located in North America or Europe.

     “Spot Rate” for a currency means the rate determined by the Administrative Agent or
the applicable L/C Issuer, as applicable, to be the rate quoted by the Person acting in such
capacity as the spot rate for the purchase by such Person of such currency with another currency
through its principal foreign exchange trading office at approximately 11:00 a.m. on the date two
Business Days prior to the date as of which the foreign exchange computation is made;
provided that the Administrative Agent or the applicable L/C Issuer may obtain such spot
rate from another financial institution designated by the Administrative Agent or the L/C Issuer if
the Person acting in such capacity does not have as of the date of determination a spot buying rate
for any such currency; and provided further that the applicable L/C Issuer may use
such spot rate

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quoted on the date as of which the foreign exchange computation is made in the case of any
Letter of Credit denominated in an Alternative Currency.

     “Sterling” and “£” mean the lawful currency of the United Kingdom.

     “Subsidiary” of a Person means a corporation, partnership, joint venture, limited
liability company or other business entity of which a majority of the shares of securities or other
interests having ordinary voting power for the election of directors or other governing body (other
than securities or interests having such power only by reason of the happening of a contingency)
are at the time beneficially owned directly, or indirectly through one or more intermediaries, or
both, by such Person. Unless otherwise specified, all references herein to a “Subsidiary” or to
“Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the US Borrower.

     “Surety Bonds” means surety bonds obtained by the US Borrower or any Restricted
Subsidiary in the ordinary course of business consistent with past practice and the indemnification
or reimbursement obligations of the US Borrower or such Restricted Subsidiary in connection
therewith.

     “Swap Contract” means any and all rate swap transactions, basis swaps, credit
derivative transactions, forward rate transactions, commodity swaps, commodity options, forward
commodity contracts, equity or equity index swaps or options, bond or bond price or bond index
swaps or options or forward bond or forward bond price or forward bond index transactions, interest
rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar
transactions, currency swap transactions, cross-currency rate swap transactions, currency options,
spot contracts, or any other similar transactions or any combination of any of the foregoing
(including any options to enter into any of the foregoing), whether or not any such transaction is
governed by or subject to any master agreement.

     “Swap Obligations” means all debts, liabilities and obligations of (a) the US Borrower
in respect of any Swap Contract between the US Borrower and any Lender or any Affiliate thereof (or
with any Person that was a Lender or an Affiliate thereof when such Swap Contract was entered into)
and (b) the US Borrower in respect of any Swap Contract in effect as the Closing Date between the
US Borrower and any Person who was a lender under the Existing Credit Agreement or an Affiliate
thereof (or with any Person that was a lender under the Existing Credit Agreement or an Affiliate
thereof when such Swap Contract was entered into).

     “Swap Termination Value” means, in respect of any one or more Swap Contracts, after
taking into account the effect of any valid 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 a Lender or
any Affiliate of a Lender).

     “Swing Line” means the revolving credit facility made available by the Swing Line
Lender pursuant to Section 2.04.

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     “Swing Line Borrowing” means a borrowing of a Swing Line Loan pursuant to Section
2.04.

     “Swing Line Lender” means Bank of America in its capacity as provider of Swing Line
Loans, or any successor swing line lender hereunder.

     “Swing Line Loan” has the meaning specified in Section 2.04(a).

     “Swing Line Loan Notice” means a notice of a Swing Line Borrowing pursuant to
Section 2.04(b), which, if in writing, shall be substantially in the form of Exhibit
B.

     “Swing Line Sublimit” means an amount equal to the lesser of (a) $50,000,000 and (b)
the Aggregate Commitments. The Swing Line Sublimit is part of, and not in addition to, the
Aggregate Commitments.

     “Tangible Assets” means at any date, with respect to any Person, (a) the sum of all
amounts that would, in accordance with GAAP, be set forth opposite the caption “total assets” (or
any like caption) on a consolidated balance sheet of such Person at such date minus (b) the sum of
all amounts that would, in accordance with GAAP, be set forth opposite the captions “goodwill” or
other intangible categories (or any like caption) on a consolidated balance sheet of such Person on
such date.

     “TARGET Day” means any day on which the Trans-European Automated Real-time Gross
Settlement Express Transfer (TARGET) payment system (or, if such payment system ceases to be
operative, such other payment system (if any) determined by the Administrative Agent to be a
suitable replacement) is open for the settlement of payments in Euro.

     “Taxes” means all present or future taxes, levies, imposts, duties, deductions,
withholdings, assessments, fees or other charges imposed by any Governmental Authority, including
any interest, additions to tax or penalties applicable thereto.

     “Term Loan” means an advance made by any Term Loan Lender under the Term Loan
Facility.

     “Term Loan Borrowing” means a borrowing consisting of simultaneous Term Loans of the
same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each
of the Term Loan Lenders pursuant to Section 2.01(a).

     “Term Loan Commitment” means, as to each Term Loan Lender, its obligation to make Term
Loans to the US Borrower pursuant to Section 2.01(a) in an aggregate principal amount at
any one time outstanding not to exceed the amount set forth opposite such Term Loan Lender’s name
on Schedule 2.01 under the caption “Term Loan Commitment” or opposite such caption in the
Assignment and Assumption pursuant to which such Term Loan Lender becomes a party hereto, as
applicable, as such amount may be adjusted from time to time in accordance with this Agreement.
The aggregate amount of Term Loan Commitments as of the Closing Date is $500,000,000.

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     “Term Loan Facility” means, at any time, the aggregate principal amount of the Term
Loans of all Term Loan Lenders outstanding at such time.

     “Term Loan Increase Effective Date” has meaning specified in Section 2.15(d).

     “Term Loan Lender” means, collectively, (i) at any time on or prior to the Closing
Date, any Lender that has a Term Loan Commitment at such time and (ii) at any time after the
Closing Date, any Lender that holds Term Loans at such time.

     “Term Note” means a promissory note made by the US Borrower in favor of a Term Loan
Lender evidencing Term Loans made by such Term Loan Lender, substantially in the form of
Exhibit C-1.

     “Threshold Amount” means $75,000,000.

     “Total Outstandings” means the aggregate Outstanding Amount of all Loans and all L/C
Obligations.

     “Total Revolving Credit Outstandings” means the aggregate Outstanding Amount of all
Revolving Credit Loans, Swing Line Loans and L/C Obligations.

     “Total Term Loan Outstandings” means the aggregate Outstanding Amount of all Term
Loans.

     “TXU Europe” means TXU Europe Limited, a Company organized under the laws of the
England and Wales.

     “Type” means, with respect to a Term Loan or a Revolving Credit Loan, its character as
a Base Rate Loan or a Eurocurrency Rate Loan.

     “UCP” means the Uniform Customs and Practice for Documentary Credits (1993 Revision),
International Chamber of Commerce Publication No. 600, as the same may be amended from time to
time.

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

     “United States” and “US” mean the United States of America.

     “Unreimbursed Amount” has the meaning specified in Section 2.03(c)(i).

     “Unrestricted Subsidiary” means any Subsidiary of the US Borrower (other than the
Dutch Borrower) that the US Borrower notifies the Administrative Agent in writing is an
“Unrestricted Subsidiary”, including, as of the Closing Date, those entities listed on Schedule
1.01(e), but only to the extent that such Subsidiary (a) has no Indebtedness other than
Non-Recourse Debt; (b) is not a party to any agreement, contract, arrangement or understanding with

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the US Borrower or any Restricted Subsidiary of the US Borrower except as expressly permitted
by Section 7.08; (c) is a Person with respect to which neither the US Borrower nor any of
its Restricted Subsidiaries has any direct or indirect obligation (i) to subscribe for additional
equity interests in such Person, except with respect to Investments permitted under Section
7.02 or (ii) to maintain or preserve such Person’s financial condition (except with respect to
performance guarantees not prohibited hereunder) or to cause such Person to achieve any specified
levels of operating results; and (d) has not guaranteed or otherwise directly or indirectly
provided credit support for any Indebtedness of the US Borrower or any of its Restricted
Subsidiaries. If, at any time, any Unrestricted Subsidiary would fail to meet the foregoing
requirements as an Unrestricted Subsidiary (or is redesignated by the US Borrower as a Restricted
Subsidiary), it shall thereafter cease to be an Unrestricted Subsidiary for purposes of this
Agreement, any Indebtedness of such Subsidiary shall be deemed to be incurred by a Restricted
Subsidiary of the US Borrower as of such date and any Investments in such Subsidiary shall be
deemed to be Investments in a Restricted Subsidiary of the US Borrower as of such date (and, if
such Indebtedness or Investments are not permitted to be incurred hereunder the US Borrower shall
be in default under this Agreement). At the time of any designation by the US Borrower of any
Restricted Subsidiary as an Unrestricted Subsidiary, such designation shall be deemed (a) an
Investment in an Unrestricted Subsidiary in an amount equal to the sum of (i) the net worth of such
designated Restricted Subsidiary immediately prior to such designation (such net worth to be
calculated without regard to any Guarantee Obligation incurred by such designated Restricted
Subsidiary with respect to the Obligations and the Swap Obligations) and (ii) the aggregate
principal amount of any Indebtedness owed by such designated Restricted Subsidiary to the US
Borrower or any other Restricted Subsidiary immediately prior to such designation, all calculated,
except as set forth in the parenthetical to clause (i), on a consolidated basis in accordance with
GAAP and (b) a Disposition which must comply with the provisions of Section 7.05.

     “US Borrower” has the meaning specified in the introductory paragraph hereto.

     “US Borrower Obligations” means all Obligations of the US Borrower.

     “US Borrower Revolving Credit Commitment” means, as to each US Borrower Revolving
Credit Lender, its obligation to (a) make US Borrower Revolving Credit Loans to the US Borrower
pursuant to Section 2.01(b)(i), (b) purchase participations in L/C Obligations, and (c)
purchase participations in Swing Line Loans, in an aggregate principal amount at any one time
outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01
under the caption “US Borrower Revolving Credit Commitment” or opposite such caption in the
Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as
such amount may be adjusted from time to time in accordance with this Agreement. The aggregate
amount of the US Borrower Revolving Credit Commitments as of the Closing Date is $1,500,000,000.

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

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     “US Borrower Revolving Credit Lender” means, at any time, any Lender that has a US
Borrower Revolving Credit Commitment at such time.

     “US Borrower Revolving Credit Loan” has the meaning specified in Section
2.01(b)(i).

     “US Loan Parties” means, collectively, the US Borrower and each US Subsidiary
Guarantor.

     “US Subsidiary Guarantors” means any Restricted Subsidiary that is a Domestic
Subsidiary; provided, that such term shall not include any Subsidiary not wholly-owned,
directly or indirectly, by the US Borrower to the extent (but only so long as) it is prohibited by
the terms of any Contractual Obligation (including pursuant to any Organization Documents of such
Subsidiary) from guaranteeing the Obligations or any other obligations or liabilities guaranteed
pursuant to the terms of the US Subsidiary Guaranty (it being understood that, for purposes of this
definition, the terms of any Contractual Obligation shall be deemed to prohibit such Guarantee if
it would constitute a breach or default under or result in the termination of or require the
consent of any Person (other than the US Borrower or any of its Subsidiaries, or the Administrative
Agent or the Lenders in their respective capacities as such) under the security, agreement,
instrument or other undertaking giving rise to such Contractual Obligation); provided
further, that such Contractual Obligation is not and was not created in contemplation of
this definition. The US Subsidiary Guarantors as of the Closing Date are the Subsidiaries of the
US Borrower listed on Schedule 1.01(b).

     “US Subsidiary Guaranty” means the certain Guarantee of the US Borrower Obligations
and Swap Obligations made by the US Subsidiary Guarantors in favor of the Administrative Agent, the
Lenders and counterparties under certain Swap Contracts, substantially in the form of Exhibit
F.

     1.02. Other Interpretive Provisions. With reference to this Agreement and each other Loan
Document, unless otherwise specified herein or in such other Loan Document:

     (a) The definitions of terms herein shall apply equally to the singular and plural forms of
the terms defined. Whenever the context may require, any pronoun shall include the corresponding
masculine, feminine and neuter forms. The words “include,” “includes” and
“including” shall be deemed to be followed by the phrase “without limitation.” The word
“will” shall be construed to have the same meaning and effect as the word “shall.”
Unless the context requires otherwise, (i) any definition of or reference to any agreement,
instrument or other document (including any Organization Document) shall be construed as referring
to such agreement, instrument or other document as from time to time amended, supplemented or
otherwise modified (subject to any restrictions on such amendments, supplements or modifications
set forth herein or in any other Loan Document), (ii) any reference herein to any Person shall be
construed to include such Person’s successors and assigns, (iii) the words “herein,”
“hereof” and “hereunder,” and words of similar import when used in any Loan
Document, shall be construed to refer to such Loan Document in its entirety and not to any
particular provision thereof, (iv) all references in a Loan Document to Articles, Sections,
Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and
Schedules to, the Loan Document in which such references appear, (v) all references to “wholly-

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owned” when referring to a Subsidiary of a Borrower shall mean a Subsidiary of which all of
the shares of securities or other interests having ordinary voting power for the election of
directors or other governing body (other than securities or interests having such power only by
reason of the happening of a contingency) are at the time beneficially owned directly or indirectly
by such Borrower or another wholly-owned Subsidiary of such Borrower, (vi) any reference to any law
shall include all statutory and regulatory provisions consolidating, amending, replacing or
interpreting such law and any reference to any law or regulation shall, unless otherwise specified,
refer to such law or regulation as amended, modified or supplemented from time to time, and (vii)
the words “asset” and “property” shall be construed to have the same meaning and
effect and to refer to any and all tangible and intangible assets and properties, including cash,
securities, accounts and contract rights.

     (b) 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.”

     (c) Section headings herein and in the other Loan Documents are included for convenience of
reference only and shall not affect the interpretation of this Agreement or any other Loan
Document.

     1.03. Accounting Terms.

     (a) Generally. All accounting terms not specifically or completely defined herein
shall be construed in conformity with, and all financial data (including financial ratios and other
financial calculations) required to be submitted pursuant to this Agreement shall be prepared in
conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a
manner consistent with that used in preparing the Audited Financial Statements—2009,
except as otherwise specifically prescribed herein.

     (b) Changes in GAAP. If at any time any Accounting Change would affect the
computation of any financial ratio or requirement set forth in any Loan Document, and either the US
Borrower or the Required Lenders shall so request, the Administrative Agent, the Lenders and the US
Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original
intent thereof in light of such Accounting Change as if such Accounting Change has not been made
(subject to the approval of the Required Lenders); provided that, until so amended,
all financial covenants, standards and terms in this Agreement shall continue to be calculated or
construed as if such Accounting Change had not occurred.

     (c) Pro Forma Basis Calculation. Notwithstanding the foregoing, the parties hereto
acknowledge and agree that all calculations of the Consolidated Interest Coverage Ratio and the
Consolidated Leverage Ratio for purposes of determining compliance with Section 7.11(a) and
(b) shall be made on a Pro Forma Basis (i) with respect to any acquisition by the US
Borrower or its Restricted Subsidiaries of any Person, property or assets, if the Consolidated
EBITDA for the acquired Person or business for the most recent four fiscal quarter period for which
financial statements are available is equal to or greater than 5% of the Consolidated EBITDA of the
US Borrower and its Restricted Subsidiaries for such period and (ii) with respect to any
disposition by the US Borrower or its Restricted Subsidiaries of any Person, property or assets, if
the

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Consolidated EBITDA for the Person or business being disposed of for the most recent four
fiscal quarter period for which financial statements are available was equal to or exceeded 5% of
the Consolidated EBITDA of the US Borrower and its Restricted Subsidiaries for such period.

     1.04. Exchange Rates; Currency Equivalents.

     (a) The Administrative Agent or the L/C Issuer, as applicable, shall determine the Spot Rates
as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of Credit
Extensions and Outstanding Amounts denominated in Alternative Currencies. Such Spot Rates shall
become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any
amounts between the applicable currencies until the next Revaluation Date to occur. Except for
purposes of financial statements delivered by Loan Parties hereunder or calculating financial
covenants hereunder or except as otherwise provided herein, the applicable amount of any currency
(other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent amount as
so determined by the Administrative Agent or the L/C Issuer, as applicable.

     (b) Wherever in this Agreement in connection with a Borrowing, conversion, continuation or
prepayment of a Eurocurrency Rate Loan or the issuance, amendment or extension of a Letter of
Credit, an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such
Borrowing, Eurocurrency Rate Loan or Letter of Credit is denominated in an Alternative Currency,
such amount shall be the relevant Alternative Currency Equivalent of such Dollar amount (rounded to
the nearest unit of such Alternative Currency, with 0.5 of a unit being rounded upward), as
determined by the Administrative Agent or the L/C Issuer, as the case may be.

     1.05. Additional Alternative Currencies.

     (a) Either of the Borrowers may from time to time request that Eurocurrency Rate Loans be made
and/or Letters of Credit be issued in a currency other than those specifically listed in the
definition of “Alternative Currency”; provided that such requested currency is a lawful
currency (other than Dollars) that is readily available and freely transferable and convertible
into Dollars. In the case of any such request with respect to the making of Eurocurrency Rate
Loans (other than Swing Line Loans), such request shall be subject to the approval of the
Administrative Agent and all of the Lenders; and in the case of any such request with respect to
the issuance of Letters of Credit, such request shall be subject to the approval of the
Administrative Agent and the L/C Issuer.

     (b) Any such request shall be made to the Administrative Agent not later than 11:00 a.m., 10
Business Days prior to the date of the desired Credit Extension (or such other time or date as may
be agreed by the Administrative Agent and, in the case of any such request pertaining to Letters of
Credit, the L/C Issuer, in its or their sole discretion). In the case of any such request
pertaining to Eurocurrency Rate Loans, the Administrative Agent shall promptly notify each Lender
thereof; and in the case of any such request pertaining to Letters of Credit, the Administrative
Agent shall promptly notify the L/C Issuer thereof. Each Lender (in the case of any such request
pertaining to Eurocurrency Rate Loans) or the L/C Issuer (in the case of a request pertaining to
Letters of Credit) shall notify the Administrative Agent, not later than 11:00

35

 

a.m., eight Business Days after receipt of such request whether it consents, in its sole
discretion, to the making of Eurocurrency Rate Loans or the issuance of Letters of Credit, as the
case may be, in such requested currency.

     (c) Any failure by a Lender or the L/C Issuer, as the case may be, to respond to such request
within the time period specified in the preceding sentence shall be deemed to be a refusal by such
Lender or the L/C Issuer, as the case may be, to permit Eurocurrency Rate Loans to be made or
Letters of Credit to be issued in such requested currency. If the Administrative Agent and all the
Lenders consent to making Eurocurrency Rate Loans in such requested currency, the Administrative
Agent shall so notify the applicable Borrower and such currency shall thereupon be deemed for all
purposes to be an Alternative Currency hereunder for purposes of any Borrowings of Eurocurrency
Rate Loans by such Borrower; and if the Administrative Agent and the L/C Issuer consent to the
issuance of Letters of Credit in such requested currency, the Administrative Agent shall so notify
the applicable Borrower and such currency shall thereupon be deemed for all purposes to be an
Alternative Currency hereunder for purposes of any Letter of Credit issuances to such Borrower. If
the Administrative Agent shall fail to obtain consent to any request for an additional currency
under this Section 1.05, the Administrative Agent shall promptly so notify the applicable
Borrower. Any specified currency of an Existing Letter of Credit that is neither Dollars nor one
of the Alternative Currencies specifically listed in the definition of “Alternative Currency” shall
be deemed an Alternative Currency with respect to such Existing Letter of Credit only.

     1.06. Change of Currency.

     (a) Each obligation of the US Borrower and Dutch Borrower, as applicable to make a payment
denominated in the national currency unit of any member state of the European Union that adopts the
Euro as its lawful currency after the date hereof shall be redenominated into Euro at the time of
such adoption (in accordance with the EMU Legislation). If, in relation to the currency of any
such member state, the basis of accrual of interest expressed in this Agreement in respect of that
currency shall be inconsistent with any convention or practice in the London interbank market for
the basis of accrual of interest in respect of the Euro, such expressed basis shall be replaced by
such convention or practice with effect from the date on which such member state adopts the Euro as
its lawful currency; provided that if any Borrowing in the currency of such member state is
outstanding immediately prior to such date, such replacement shall take effect, with respect to
such Borrowing, at the end of the then current Interest Period.

     (b) Each provision of this Agreement shall be subject to such reasonable changes of
construction as the Administrative Agent may from time to time specify to be appropriate to reflect
the adoption of the Euro by any member state of the European Union and any relevant market
conventions or practices relating to the Euro.

     (c) Each provision of this Agreement also shall be subject to such reasonable changes of
construction as the Administrative Agent may from time to time specify to be appropriate to reflect
a change in currency of any other country and any relevant market conventions or practices relating
to the change in currency.

36

 

     1.07. Times of Day. Unless otherwise specified, all references herein to times of day shall
be references to Eastern time (daylight or standard, as applicable).

     1.08. Letter of Credit Amounts. Unless otherwise specified herein, the amount of a Letter of
Credit at any time shall be deemed to be the Dollar Equivalent of the stated amount of such Letter
of Credit in effect at such time; provided, however, that with respect to any
Letter of Credit that, by its terms or the terms of any Issuer Document related thereto, provides
for one or more automatic increases in the stated amount thereof, the amount of such Letter of
Credit shall be deemed to be the Dollar Equivalent of the maximum stated amount of such Letter of
Credit after giving effect to all such increases, whether or not such maximum stated amount is in
effect at such time.

ARTICLE II.

THE COMMITMENTS AND CREDIT EXTENSIONS

     2.01. The Loans.

     (a) The Term Loan. Subject to the terms and conditions set forth herein, each Term
Loan Lender severally agrees to make a loan (a “Term Loan”) to the US Borrower in Dollars,
on the Closing Date in an aggregate principal amount not to exceed such Term Loan Lender’s
Applicable Percentage of the Term Loan Facility; provided, however, that after
giving effect to any Term Loan Borrowing, (i) the Total Term Loan Outstandings shall not exceed the
Term Loan Facility and (ii) the aggregate Outstanding Amount of the Terms Loans of any Lender shall
not exceed such Lender’s Term Loan Commitment. Each Term Loan Borrowing shall consist of Term Loans
made simultaneously by the Term Loan Lenders in accordance with their respective Applicable
Percentage of the Term Loan Facility. Amounts borrowed under this Section 2.01(a) and
repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurocurrency Rate
Loans, as further provided herein. Term Loan Commitments in effect on the Closing Date and not
drawn on the Closing Date shall expire immediately after such date.

     (b) The Revolving Credit Borrowings.

          (i) Subject to the terms and conditions set forth herein, each US Borrower Revolving Credit
Lender severally agrees to make loans (each such loan, a “US Borrower Revolving Credit
Loan”) to the US Borrower in Dollars or in one or more Alternative Currencies from time to
time, on any Business Day during the Availability Period for the US Borrower Revolving Credit
Facility, in an aggregate principal amount not to exceed at any time outstanding the amount of such
Lender’s US Borrower Revolving Credit Commitment; provided, however, that after
giving effect to any US Borrower Revolving Credit Borrowing, (i) the Total Revolving Credit
Outstandings shall not exceed the Revolving Credit Facility, (ii) the aggregate Outstanding Amount
of the Revolving Credit Loans of any Lender, plus such Revolving Credit Lender’s Applicable
Percentage of the Outstanding Amount of all L/C Obligations, plus such Revolving Credit
Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed
such Revolving Credit Lender’s Revolving Credit Commitment, (iii) the aggregate Outstanding Amounts
of all Revolving Credit Loans denominated in Alternative Currencies shall not exceed the
Alternative Currency Sublimit, and (iv) the outstanding amount of the US Borrower Revolving Credit
Loans shall not exceed the US Borrower Revolving Credit

37

 

Facility. Within the limits of each US Borrower Revolving Credit Lender’s US Borrower
Revolving Credit Commitment, and subject to the other terms and conditions hereof, the US Borrower
may borrow under this Section 2.01(b)(i), prepay under Section 2.05, and reborrow
under this Section 2.01(b)(i). US Borrower Revolving Credit Loans may be Base Rate Loans
or Eurocurrency Rate Loans, as further provided herein.

          (ii) Subject to the terms and conditions set forth herein, each Dutch Borrower Revolving
Credit Lender severally agrees to make loans (each such loan, a “Dutch Borrower Revolving
Credit Loan”) to the Dutch Borrower in Dollars or in one or more Alternative Currencies from
time to time, on any Business Day during the Availability Period for the Dutch Borrower Revolving
Credit Facility, in an aggregate principal amount not to exceed at any time outstanding the amount
of such Lender’s Dutch Borrower Revolving Credit Commitment; provided, however,
that after giving effect to any Dutch Borrower Revolving Credit Borrowing, (i) the Total Revolving
Credit Outstandings shall not exceed the Revolving Credit Facility, (ii) the aggregate Outstanding
Amount of the Revolving Credit Loans of any Lender, plus such Revolving Credit Lender’s
Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Revolving
Credit Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not
exceed such Revolving Credit Lender’s Revolving Credit Commitment, (iii) the aggregate Outstanding
Amounts of all Revolving Credit Loans denominated in Alternative Currencies shall not exceed the
Alternative Currency Sublimit, and (iv) the aggregate Outstanding Amount of the Dutch Borrower
Revolving Credit Loans shall not exceed $350,000,000. Within the limits of each Dutch Borrower
Revolving Credit Lender’s Dutch Borrower Revolving Credit Commitment, and subject to the other
terms and conditions hereof, the Dutch Borrower may borrow under this Section 2.01(b)(ii),
prepay under Section 2.05, and reborrow under this Section 2.01(b)(ii). Dutch
Borrower Revolving Credit Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further
provided herein.

     2.02. Borrowings, Conversions and Continuations of the Loans.

     (a) Each Term Loan Borrowing, each Revolving Credit Borrowing, each conversion of Term Loans
or Revolving Credit Loans from one Type to the other, and each continuation of Eurocurrency Rate
Loans shall be made upon the applicable Borrower’s irrevocable notice to the Administrative Agent,
which may be given by telephone. Each such notice must be received by the Administrative Agent not
later than 11:00 a.m., New York City time (i) three Business Days prior to the requested date of
any Borrowing of, conversion to or continuation of Eurocurrency Rate Loans denominated in Dollars,
(ii) four Business Days prior to the requested date of any Borrowing of, conversion to or
continuation of Eurocurrency Rate Loans denominated in an Alternative Currency and (iii) on the
requested date of any Borrowing of Base Rate Loans; provided, however, that if
either of the Borrowers wishes to request Eurocurrency Rate Loans having an Interest Period other
than one, two, three, or six months or, to the extent available to all Lenders making such
Eurocurrency Rate Loans, one or two weeks or nine or twelve months in duration as provided in the
definition of “Interest Period”, the applicable notice must be received by the Administrative Agent
not later than 11:00 a.m. New York City time (i) four Business Days prior to the requested date of
such Borrowing, conversion or continuation of Eurocurrency Rate Loans denominated in Dollars or
(ii) five Business Days (or six Business Days in the case of a Special Notice Currency) prior to
the requested date of such Borrowing, conversion or continuation of Eurocurrency Rate Loans
denominated in Alternative Currencies,

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whereupon the Administrative Agent shall give prompt notice to the Lenders of such request and
determine whether the requested Interest Period is acceptable to all of them. Not later than 11:00
a.m. New York City time (i) three Business Days before the requested date of such Borrowing,
conversion or continuation of Eurocurrency Rate Loans denominated in Dollars or (ii) four Business
Days (or five Business Days in the case of a Special Notice Currency) prior to the requested date
of such Borrowing, conversion or continuation of Eurocurrency Rate Loans denominated in Alternative
Currencies, the Administrative Agent shall notify the applicable Borrower (which notice may be by
telephone) whether or not the applicable requested Interest Period referenced in the above proviso
has been consented to by all the Lenders. Each telephonic notice by either of the Borrowers
pursuant to this Section 2.02(a) must be confirmed promptly by delivery to the
Administrative Agent of a written Borrowing Notice, appropriately completed and signed by a
Responsible Officer of the applicable Borrower. Each Borrowing of, conversion to or continuation
of Eurocurrency Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of
$1,000,000 in excess thereof. Except as provided in Sections 2.03(c) and 2.04(c),
each Borrowing of or conversion to Base Rate Loans shall be in a principal amount of $500,000 or a
whole multiple of $100,000 in excess thereof. Each Borrowing Notice (whether telephonic or
written) shall specify (i) the borrower, which shall be either the US Borrower or the Dutch
Borrower, (ii) whether the applicable Borrower is requesting a Term Loan Borrowing (with respect to
the US Borrower only), a Revolving Credit Borrowing, a conversion of Term Loans or Revolving Credit
Loans from one Type to the other, or a continuation of Eurocurrency Rate Loans, (iii) the requested
date of the Borrowing, conversion or continuation, as the case may be (which shall be a Business
Day), (iv) the principal amount of Loans to be borrowed, converted or continued, (v) the Type of
Loans to be borrowed or to which existing Term Loans or Revolving Credit Loans are to be converted,
(vi) if applicable, the duration of the Interest Period with respect thereto, and (vii) the
currency of the Loans to be borrowed. If either of the Borrowers fails to specify a currency in a
Borrowing Notice requesting a Borrowing, then the Loans so requested shall be made in Dollars. If
either of the Borrowers fails to specify a Type of Loan in a Borrowing Notice for Dollar Loans or
if either of the Borrowers fails to give a timely notice requesting a conversion or continuation of
Dollar Loans, then the applicable Term Loans or Revolving Credit Loans shall be made as, or
converted to, Base Rate Loans; provided, however, that in the case of a failure to
timely request a continuation of Loans denominated in an Alternative Currency, such Loans shall be
continued as Eurocurrency Rate Loans in their original currency with an Interest Period of one
month. Any such automatic conversion to Base Rate Loans shall be effective as of the last day of
the Interest Period then in effect with respect to the applicable Eurocurrency Rate Loans. If
either of the Borrowers requests a Borrowing of, conversion to, or continuation of Eurocurrency
Rate Loans in any such Borrowing Notice, but fails to specify an Interest Period, it will be deemed
to have specified an Interest Period of one month. No Loan may be converted into or continued as a
Loan denominated in a different currency, but instead must be prepaid in the original currency of
such Loan and reborrowed in the other currency.

     (b) Following receipt of a Borrowing Notice, the Administrative Agent shall promptly notify
each Lender of the amount (and currency) of its Applicable Percentage under the applicable Facility
of the applicable Term Loans or Revolving Credit Loans, and if no timely notice of a conversion or
continuation is provided by the applicable Borrower, the Administrative Agent shall notify each
Lender of the details of any automatic conversion to Base Rate Loans or continuation of Loans
denominated in a currency other than Dollars, in each case

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as described in the preceding subsection. In the case of a Term Loan Borrowing or a Revolving
Credit Borrowing, each applicable Lender shall make the amount of its Loan available to the
Administrative Agent in Same Day Funds at the Administrative Agent’s Office for the applicable
currency not later than 1:00 p.m., New York City time, in the case of any Loan denominated in
Dollars, and not later than the Applicable Time specified by the Administrative Agent in the case
of any Loan in an Alternative Currency, in each case on the Business Day specified in the
applicable Borrowing Notice. Upon satisfaction of the applicable conditions set forth in
Section 4.03 (and, if such Borrowing is the initial Credit Extension, Section 4.01,
or, in the case of the initial Credit Extension to the Dutch Borrower, Section 4.02), the
Administrative Agent shall make all funds so received available to the applicable Borrower in like
funds as received by the Administrative Agent either by (i) crediting the account of the applicable
Borrower on the books of Bank of America with the amount of such funds or (ii) wire transfer of
such funds, in each case in accordance with instructions provided to (and reasonably acceptable to)
the Administrative Agent by the applicable Borrower; provided, however, that if, on
the date a Borrowing Notice with respect to a Revolving Credit Borrowing denominated in Dollars is
given by either of the Borrowers, there are L/C Advances outstanding, then the proceeds of such
Revolving Credit Borrowing, first, shall be applied to the payment in full of any
Unreimbursed Amounts in respect thereof, and second, shall be made available to the
applicable Borrower as provided above.

     (c) Except as otherwise provided herein, a Eurocurrency Rate Loan may be continued or
converted only on the last day of an Interest Period for such Eurocurrency Rate Loan. During the
existence of a Default, no Loans may be requested as, converted to or continued as Eurocurrency
Rate Loans (whether in Dollars or any Alternative Currency) if the Required Lenders or the
Administrative Agent so notify the applicable Borrower.

     (d) The Administrative Agent shall promptly notify the applicable Borrower and the Lenders of
the interest rate applicable to any Interest Period for Eurocurrency Rate Loans upon determination
of such interest rate. At any time that Base Rate Loans are outstanding, the Administrative Agent
shall notify the applicable Borrower and the Lenders of any change in Bank of America’s prime rate
used in determining the Base Rate promptly following the public announcement of such change.

     (e) After giving effect to all Borrowings, all conversions of Loans from one Type to the
other, and all continuations of Loans as the same Type, there shall not be more than twenty (20)
Interest Periods in effect hereunder.

     2.03. Letters of Credit.

     (a) The Letter of Credit Commitment.

          (i) Subject to the terms and conditions set forth herein, (A) the L/C Issuer agrees, in
reliance upon the agreements of the Revolving Credit Lenders set forth in this Section
2.03, (1) from time to time on any Business Day during the period from the Closing Date until
the Letter of Credit Expiration Date, to issue Letters of Credit denominated in Dollars or in one
or more Alternative Currencies for the account of the US Borrower or any Subsidiary, and to amend
or extend Letters of Credit previously issued by it, in accordance with Section 2.03(b),

40

 

and (2) to honor drawings under the Letters of Credit; and (B) the Revolving Credit Lenders
severally agree to participate in Letters of Credit issued for the account of the US Borrower or
any Subsidiary and any drawings thereunder; provided that after giving effect to any L/C
Credit Extension with respect to any Letter of Credit, (x) the Total Revolving Credit Outstandings
shall not exceed the Revolving Credit Facility, (y) the outstanding amount of the US Borrower
Revolving Credit Loans shall not exceed the US Borrower Revolving Credit Facility, and (z) the
aggregate Outstanding Amount of the Revolving Credit Loans of any Revolving Credit Lender,
plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations,
plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans
shall not exceed such Lender’s Revolving Credit Commitment. Each request by the US Borrower or any
Subsidiary for the issuance or amendment of a Letter of Credit shall be deemed to be a
representation by the US Borrower that the L/C Credit Extension so requested complies with the
conditions set forth in the proviso to the preceding sentence. Within the foregoing limits, and
subject to the terms and conditions hereof, the US Borrower’s ability to obtain Letters of Credit
shall be fully revolving, and accordingly the US Borrower may, during the foregoing period, obtain
Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and
reimbursed. All Existing Letters of Credit shall be deemed to have been issued pursuant hereto,
and from and after the Closing Date shall be subject to and governed by the terms and conditions
hereof.

          (ii) No L/C Issuer shall issue any Letter of Credit if:

               (A) subject to Section 2.03(b)(iii) and except with respect to Bank Guarantees , the
expiry date of such requested Letter of Credit would occur more than twelve months after the date
of issuance or last extension, unless the Required Revolving Lenders have approved such expiry
date; or

               (B) except with respect to Bank Guarantees, the expiry date of such requested Letter of Credit
would occur after the Letter of Credit Expiration Date, unless all the Revolving Credit Lenders
have approved such expiry date;

          (iii) No L/C Issuer shall be under any obligation to issue any Letter of Credit if:

               (A) any order, judgment or decree of any Governmental Authority or arbitrator shall by its
terms purport to enjoin or restrain the L/C Issuer from issuing such Letter of Credit, or any Law
applicable to the L/C Issuer or any request or directive (whether or not having the force of law)
from any Governmental Authority with jurisdiction over the L/C Issuer shall prohibit, or request
that the L/C Issuer refrain from, the issuance of letters of credit generally or such Letter of
Credit in particular or shall impose upon the L/C Issuer with respect to such Letter of Credit any
restriction, reserve or capital requirement (for which the L/C Issuer is not otherwise compensated
hereunder) not in effect on the Closing Date, or shall impose upon the L/C Issuer any unreimbursed
loss, cost or expense which was not applicable on the Closing Date and which the L/C Issuer in good
faith deems material to it;

               (B) the issuance of such Letter of Credit would violate one or more policies of the L/C
Issuer;

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               (C) except as otherwise agreed by the Administrative Agent and the L/C Issuer, such Letter of
Credit is to be denominated in a currency other than Dollars or an Alternative Currency;

               (D) the L/C Issuer does not as of the issuance date of such requested Letter of Credit issue
Letters of Credit in the requested currency;

               (E) such Letter of Credit contains any provisions for automatic reinstatement of the stated
amount after any drawing thereunder or any provisions for automatic extension of its expiry date;
or

               (F) a default of any Lender’s obligations to fund under Section 2.03(c) exists or any
Lender is at such time a Defaulting Lender hereunder, unless the obligations of such Defaulting
Lender have been fully reallocated to the non-Defaulting Lenders pursuant to Section
2.17(c) or the L/C Issuer has entered into arrangements satisfactory to it (such as through the
posting of Cash Collateral) with the US Borrower or such Lender to eliminate the L/C Issuer’s risk
with respect to such Lender.

          (iv) The L/C Issuer and the US Borrower shall not amend any Letter of Credit if the L/C Issuer
would not be permitted at such time to issue such Letter of Credit in its amended form under the
terms hereof.

          (v) No L/C Issuer shall be under any obligation to amend any Letter of Credit if (A) such L/C
Issuer would not have any obligation at such time to issue such Letter of Credit in its amended
form under the terms hereof, or (B) the beneficiary of such Letter of Credit does not accept the
proposed amendment to such Letter of Credit.

          (vi) The L/C Issuer shall act on behalf of the Revolving Credit Lenders with respect to any
Letters of Credit issued by it and the documents associated therewith, and the L/C Issuer shall
have all of the benefits and immunities (A) provided to the Administrative Agent in Article
IX with respect to any acts taken or omissions suffered by the L/C Issuer in connection with
Letters of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to
such Letters of Credit as fully as if the term “Administrative Agent” as used in Article IX
included the L/C Issuer with respect to such acts or omissions, and (B) as additionally provided
herein with respect to the L/C Issuer.

     (b) Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of
Credit.

          (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of
the US Borrower delivered to an L/C Issuer (with a copy to the Administrative Agent) in the form of
a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the
US Borrower. Such Letter of Credit Application must be received by such L/C Issuer and the
Administrative Agent not later than 11:00 a.m., New York City time, at least two Business Days (or
such later date and time as the Administrative Agent and such L/C Issuer may agree in a particular
instance in their sole discretion) prior to the proposed issuance date or date of amendment, as the
case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter
of Credit Application shall specify in form and detail reasonably

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satisfactory to the L/C Issuer: (A) the proposed issuance date of the requested Letter of
Credit (which shall be a Business Day); (B) the amount and currency thereof; (C) the expiry date
thereof (if applicable, in the case of Bank Guarantees); (D) the name and address of the
beneficiary thereof; (E) the documents to be presented by such beneficiary in case of any drawing
thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any
drawing thereunder; and (G) such other matters as the L/C Issuer may reasonably require. In the
case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit
Application shall specify in form and detail reasonably satisfactory to the L/C Issuer (A) the
Letter of Credit to be amended; (B) the proposed date of amendment thereof (which shall be a
Business Day); (C) the nature of the proposed amendment; and (D) such other matters as the L/C
Issuer may reasonably require. Additionally, the US Borrower shall furnish to the L/C Issuer and
the Administrative Agent such other documents and information pertaining to such requested Letter
of Credit issuance or amendment, including any Issuer Documents, as the L/C Issuer or the
Administrative Agent may reasonably require.

          (ii) Promptly after receipt of any Letter of Credit Application, the applicable L/C Issuer
will confirm with the Administrative Agent (by telephone or in writing) that the Administrative
Agent has received a copy of such Letter of Credit Application from the US Borrower and, if not,
such L/C Issuer will provide the Administrative Agent with a copy thereof. Unless such L/C Issuer
has received written notice from any Revolving Credit Lender, the Administrative Agent or any Loan
Party, at least one Business Day prior to the requested date of issuance or amendment of the
applicable Letter of Credit, that one or more applicable conditions contained in Article IV
shall not then be satisfied, then, subject to the terms and conditions hereof, the L/C Issuer
shall, on the requested date, issue a Letter of Credit for the account of the US Borrower or enter
into the applicable amendment, as the case may be, in each case in accordance with the L/C Issuer’s
usual and customary business practices. Immediately upon the issuance of each Letter of Credit,
each Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees
to, purchase from the L/C Issuer a risk participation in such Letter of Credit in an amount equal
to the product of such Revolving Credit Lender’s Applicable Percentage times the amount of such
Letter of Credit. The Administrative Agent shall promptly notify each Revolving Credit Lender of
the amount of each Letter of Credit issuance and each amendment with respect to the amount of any
Letter of Credit, provided that a failure to provide such notice shall not affect the obligations
of each Revolving Credit Lender to purchase participations in each Letter of Credit as provided in
this Agreement.

          (iii) If the US Borrower so requests in any applicable Letter of Credit Application, an L/C
Issuer may, in its sole and absolute discretion, agree to issue a Letter of Credit that has
automatic extension provisions (each, an “Auto-Extension Letter of Credit”); provided that
any such Auto-Extension Letter of Credit must permit the applicable L/C Issuer to prevent any such
extension at least once in each twelve-month period (commencing with the date of issuance of such
Letter of Credit) by giving prior notice to the beneficiary thereof not later than a day (the
“Non-Extension Notice Date”) in each such twelve-month period to be agreed upon at the time
such Letter of Credit is issued. Unless otherwise directed by the applicable L/C Issuer, the US
Borrower shall not be required to make a specific request to the applicable L/C Issuer for any such
extension. Once an Auto-Extension Letter of Credit has been issued, the Revolving Credit Lenders
shall be deemed to have authorized (but may not require) the applicable L/C Issuer to permit the
extension of such Letter of Credit at any time to an expiry

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date not later than the Letter of Credit Expiration Date; provided, however,
that the applicable L/C Issuer shall not permit any such extension if (A) the L/C Issuer has
determined that it would not be permitted, or would have no obligation at such time to issue such
Letter of Credit in its revised form (as extended) under the terms hereof (by reason of the
provisions of clause (ii) or (iii) of Section 2.03(a)), or (B) it has received notice
(which may be by telephone or in writing) on or before the day that is five Business Days before
the Non-Extension Notice Date from the Administrative Agent or the US Borrower that one or more of
the applicable conditions specified in Section 4.03 is not then satisfied, and in each such
case directing the applicable L/C Issuer not to permit such extension.

          (iv) If the US Borrower so requests in any applicable Letter of Credit Application, an L/C
Issuer may, in its sole and absolute discretion, agree to issue a Letter of Credit that permits the
automatic reinstatement of all or a portion of the stated amount thereof after any drawing
thereunder (each, an “Auto-Reinstatement Letter of Credit”). Unless otherwise directed by
the applicable L/C Issuer, the US Borrower shall not be required to make a specific request to the
L/C Issuer to permit such reinstatement. Once an Auto-Reinstatement Letter of Credit has been
issued, except as provided in the following sentence, the Revolving Credit Lenders shall be deemed
to have authorized (but may not require) the applicable L/C Issuer to reinstate all or a portion of
the stated amount thereof in accordance with the provisions of such Letter of Credit.
Notwithstanding the foregoing, if such Auto-Reinstatement Letter of Credit permits the applicable
L/C Issuer to decline to reinstate all or any portion of the stated amount thereof after a drawing
thereunder by giving notice of such non-reinstatement within a specified number of days after such
drawing (the “Non-Reinstatement Deadline”), the applicable L/C Issuer shall not permit such
reinstatement if it has received a notice (which may be by telephone or in writing) on or before
the day that is five Business Days before the Non-Reinstatement Deadline from the Administrative
Agent or the US Borrower that one or more of the applicable conditions specified in Section
4.03 is not then satisfied (treating such reinstatement as an L/C Credit Extension for purposes
of this clause) and, in each case, directing the applicable L/C Issuer not to permit such
reinstatement.

          (v) Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit
to an advising bank with respect thereto or to the beneficiary thereof, the applicable L/C Issuer
will also deliver to the US Borrower and the Administrative Agent a true and complete copy of such
Letter of Credit or amendment.

     (c) Drawings and Reimbursements; Funding of Participations.

          (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under
such Letter of Credit, the L/C Issuer shall notify the US Borrower and the Administrative Agent
thereof. In the case of a Letter of Credit denominated in Dollars, the US Borrower shall reimburse
the L/C Issuer in Dollars. In the case of a Letter of Credit denominated in an Alternative
Currency, the US Borrower shall reimburse the L/C Issuer in such Alternative Currency, unless (A)
the L/C Issuer (at its option) shall have specified in such notice that reimbursement in Dollars is
preferred and the US Borrower does not make payment in the applicable Alternative Currency on the
Honor Date, in which case the US Borrower shall reimburse the L/C Issuer in Dollars, or (B)
otherwise, the US Borrower shall have notified the L/C Issuer promptly following receipt of the
notice of drawing that the US Borrower will

44

 

reimburse the L/C Issuer in Dollars. In the case of any such reimbursement in Dollars of a
drawing under a Letter of Credit denominated in an Alternative Currency, the L/C Issuer shall
notify the US Borrower of the Dollar Equivalent of the amount of the drawing promptly following the
determination thereof. The US Borrower shall reimburse the L/C Issuer through the Administrative
Agent in an amount equal to the amount of such drawing and in the applicable currency on the date
on which the US Borrower receives notice of any payment by the L/C Issuer under a Letter of Credit,
provided that the US Borrower receives notice by 1:00 p.m., New York City time for payments
in Dollars or by the Applicable Time for payments in Alternative Currencies, or on the next
Business Day if notice is not received by such time (each such date, an “Honor Date”). If
the US Borrower fails to so reimburse the L/C Issuer by the time set forth in the preceding
sentence, the applicable L/C Issuer shall promptly notify the Administrative Agent of the Honor
Date, the amount of the unreimbursed drawing (expressed in Dollars or in the amount of the Dollar
Equivalent thereof in the case of a Letter of Credit denominated in an Alternative Currency) (the
“Unreimbursed Amount”). The Administrative Agent shall promptly notify each Revolving
Credit Lender thereof and of the amount of such Revolving Credit Lender’s Applicable Percentage
thereof. Any notice given by the L/C Issuer or the Administrative Agent pursuant to this
Section 2.03(c)(i) may be given by telephone if immediately confirmed in writing;
provided that the lack of such an immediate confirmation shall not affect the
conclusiveness or binding effect of such notice.

          (ii) Each Revolving Credit Lender shall upon any notice pursuant to Section 2.03(c)(i)
make funds available to the Administrative Agent for the account of the L/C Issuer, in Dollars, at
the Administrative Agent’s Office for Dollar denominated payments in an amount equal to its
Applicable Percentage of the Unreimbursed Amount not later than 1:00 p.m., New York City time, on
the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the
provisions of Section 2.03(c)(iii), each Revolving Credit Lender that so makes funds
available shall be deemed to have made a Base Rate Loan of a US Borrower Revolving Credit Loan to
the US Borrower in such amount. The Administrative Agent shall remit the funds so received to the
L/C Issuer in Dollars.

          (iii) With respect to any Unreimbursed Amount that is not fully refinanced by a Revolving
Credit Borrowing of Base Rate Loans because the conditions set forth in Section 4.03 cannot
be satisfied or for any other reason, the US Borrower shall be deemed to have incurred from the L/C
Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which
L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest
at (A) the rate applicable to Base Rate Loans from the Honor Date to the date reimbursement is
required pursuant to Section 2.03(c)(i) and (B) thereafter, the Default Rate. Each
Revolving Credit Lender’s payment to the Administrative Agent for the account of the L/C Issuer
pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in
such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its
participation obligation under this Section 2.03.

          (iv) Until each Revolving Credit Lender funds its L/C Advance pursuant to this Section
2.03(c) to reimburse the L/C Issuer for any amount drawn under any Letter of Credit, interest
in respect of such Lender’s Applicable Percentage of such amount shall be solely for the account of
the L/C Issuer.

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          (v) Each Revolving Credit Lender’s obligation to make L/C Advances to reimburse the L/C Issuer
for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall
be absolute and unconditional and shall not be affected by any circumstance, including (A) any
setoff, counterclaim, recoupment, defense or other right which such Lender may have against the L/C
Issuer, the US Borrower or any other Person for any reason whatsoever; (B) the occurrence or
continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar
to any of the foregoing; provided, however, that each Revolving Credit Lender’s
obligation to make Revolving Credit Loans pursuant to this Section 2.03(c) is subject to
the conditions set forth in Section 4.03 (other than delivery by the US Borrower of a
Borrowing Notice). No such making of an L/C Advance shall relieve or otherwise impair the
obligation of the US Borrower to reimburse the L/C Issuer for the amount of any payment made by the
L/C Issuer under any Letter of Credit, together with interest as provided herein.

          (vi) If any Revolving Credit Lender fails to make available to the Administrative Agent for
the account of the L/C Issuer any amount required to be paid by such Lender pursuant to the
foregoing provisions of this Section 2.03(c) by the time specified in Section
2.03(c)(ii), the L/C Issuer shall be entitled to recover from such Lender (acting through the
Administrative Agent), on demand, such amount with interest thereon for the period from the date
such payment is required to the date on which such payment is immediately available to the L/C
Issuer at a rate per annum equal to the applicable Overnight Rate from time to time in effect. A
certificate of the L/C Issuer submitted to any Revolving Credit Lender (through the Administrative
Agent) with respect to any amounts owing under this Section 2.03(c)(vi) shall be
conclusive, absent manifest error.

     (d) Repayment of Participations.

          (i) At any time after the L/C Issuer has made a payment under any Letter of Credit and has
received from any Revolving Credit Lender such Lender’s L/C Advance in respect of such payment in
accordance with Section 2.03(c), if the Administrative Agent receives for the account of
the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon
(whether directly from the US Borrower or otherwise, including proceeds of Cash Collateral applied
thereto by the Administrative Agent), the Administrative Agent will distribute to such Lender its
Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect
the period of time during which such Lender’s L/C Advance was outstanding) in Dollars and in the
same funds as those received by the Administrative Agent.

          (ii) If any payment received by the Administrative Agent for the account of the L/C Issuer
pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances
described in Section 10.05 (including pursuant to any settlement entered into by the L/C
Issuer in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for
the account of the L/C Issuer its Applicable Percentage thereof on demand of the Administrative
Agent, plus interest thereon from the date of such demand to the date such amount is
returned by such Lender, at a rate per annum equal to the applicable Overnight Rate from time to
time in effect. The obligations of the Lenders under this clause shall survive the payment in full
of the Obligations and the termination of this Agreement.

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     (e) Obligations Absolute. The obligation of the US Borrower to reimburse the L/C
Issuer for each drawing under each Letter of Credit and to repay each Unreimbursed Amount shall be
absolute, unconditional and irrevocable under all circumstances, including the following:

          (i) any lack of validity or enforceability of such Letter of Credit, this Agreement, or any
other Loan Document;

          (ii) the existence of any claim, counterclaim, setoff or defense to payment that the US
Borrower or any Subsidiary may have at any time against any beneficiary or any transferee of such
Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be
acting), the L/C Issuer or any Lender, whether in connection with this Agreement, the transactions
contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or
any unrelated transaction;

          (iii) any draft, demand, certificate or other document presented under such Letter of Credit
proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein
being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of
any document required in order to make a drawing under such Letter of Credit, except to the extent
caused by the L/C Issuer’s gross negligence or willful misconduct;

          (iv) any payment by the L/C Issuer under such Letter of Credit against presentation of a draft
or certificate that does not strictly comply with the terms of such Letter of Credit, so long as
the L/C Issuer shall have determined in the absence of gross negligence or willful misconduct, in
good faith and in accordance with the standard of care specified in the Uniform Commercial Code of
the State of New York, that the documents (including each draft) delivered under such Letter of
Credit in connection with such presentment appear on their face to be in conformity with such
Letter of Credit;

          (v) any adverse change in the relevant exchange rates or in the availability of the relevant
Alternative Currency to the US Borrower or any Subsidiary or in the relevant currency markets
generally; or

          (vi) any other action taken or omitted to be taken by the L/C Issuer under or in connection
with any Letter of Credit or the related drafts or documents, whether or not similar to any of the
foregoing, if done in the absence of gross negligence or willful misconduct, in good faith and in
accordance with the standards of care specified in the Uniform Commercial Code of the State of New
York.

     The US Borrower shall promptly examine a copy of each Letter of Credit and each amendment
thereto that is delivered to it and, in the event of any claim of noncompliance with the US
Borrower’s instructions or other irregularity, the US Borrower will promptly notify the L/C Issuer.
The US Borrower shall be conclusively deemed to have waived any such claim against the L/C Issuer
and its correspondents unless such notice is given as aforesaid.

     (f) Role of L/C Issuer. Each Lender and the US Borrower agree that, in paying any
drawing under a Letter of Credit, the L/C Issuer shall not have any responsibility to obtain any
document (other than any sight draft, certificates and documents expressly required by the Letter

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of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or
the authority of the Person executing or delivering any such document. None of the L/C Issuer, the
Administrative Agent, any of their respective Related Parties nor any correspondent, participant or
assignee of the L/C Issuer shall be liable to any Lender for (i) any action taken or omitted in
connection herewith at the request or with the approval of the Revolving Credit Lenders or the
Required Revolving Lenders, as applicable; (ii) any action taken or omitted in the absence of gross
negligence or willful misconduct; or (iii) the due execution, effectiveness, validity or
enforceability of any document or instrument related to any Letter of Credit or Issuer Document.
The US Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee
with respect to its use of any Letter of Credit; provided, however, that this
assumption is not intended to, and shall not, preclude the US Borrower’s pursuing such rights and
remedies as it may have against the beneficiary or transferee at law or under any other agreement.
Notwithstanding anything to the contrary herein, the US Borrower may have a claim against the L/C
Issuer, and the L/C Issuer may be liable to the US Borrower, to the extent, but only to the extent,
of any direct, as opposed to consequential or exemplary, damages suffered by the US Borrower which
the US Borrower proves were caused by the L/C Issuer’s willful misconduct or gross negligence or
the L/C Issuer’s willful failure to pay under any Letter of Credit after the presentation to it by
the beneficiary or transferee of a sight draft and certificate(s) strictly complying with the terms
and conditions of a Letter of Credit. In furtherance and not in limitation of the foregoing, the
L/C Issuer may accept documents that appear on their face to be in order, without responsibility
for further investigation, regardless of any notice or information to the contrary, and the L/C
Issuer shall not be responsible for the validity or sufficiency of any instrument transferring or
assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits
thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective
for any reason.

     (g) Cash Collateral. If any L/C Obligation (x) has a stated maturity date or an
expiration date that extends beyond the Maturity Date or has no stated expiry or maturity date, or
(y) provides for automatic extensions of the stated maturity date or the expiration date thereof,
in each case, beyond the Maturity Date, then the US Borrower shall Cash Collateralize any portion
of such Letter of Credit that remains outstanding 15 days prior to the Maturity Date.

     (h) Applicability of ISP and UCP. Unless otherwise expressly agreed by the L/C Issuer
and the US Borrower when a Letter of Credit is issued (including any such agreement applicable to
an Existing Letter of Credit), with respect to Letters of Credit other than Bank Guarantees, the
rules of the ISP shall apply to each standby Letter of Credit and the rules of the UCP shall apply
to each commercial Letter of Credit.

     (i) Letter of Credit Fees. The US Borrower shall pay to the Administrative Agent for
the account of each US Borrower Revolving Credit Lender in accordance with its Applicable
Percentage a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit
issued on behalf of the US Borrower equal to the Applicable Rate for Eurocurrency Rate Loans
times the Dollar Equivalent of the daily amount available to be drawn under such Letter of
Credit. For purposes of computing the daily amount available to be drawn under any Letter of
Credit issued on behalf of the US Borrower, the amount of such Letter of Credit shall be determined
in accordance with Section 1.08. The Letter of Credit Fees shall be (x) computed on a
quarterly basis in arrears and (y) due and payable on the first Business Day of each March, June,

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September and December, commencing with the first such date to occur after the issuance of
such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. If there
is any change in the Applicable Rate during any quarter, the daily amount available to be drawn
under each such Letter of Credit shall be computed and multiplied by the Applicable Rate separately
for each period during such quarter that such Applicable Rate was in effect. Notwithstanding
anything to the contrary contained herein, upon the request of the Required Revolving Lenders,
while any Event of Default exists, all Letter of Credit Fees shall accrue at the Default Rate.

     (j) Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The US
Borrower shall pay directly to the L/C Issuer for its own account, in Dollars, a fronting fee with
respect to each Letter of Credit at the rate of 0.125% per annum on the face amount drawn under
each Letter of Credit, computed on the Dollar Equivalent of the daily amount available to be drawn
under such Letter of Credit on a quarterly basis in arrears (any such fronting fee, a “Fronting
Fee”). Fronting Fees shall be due and payable on the first Business Day of each March, June,
September and December in respect of the most recently-ended quarterly period (or portion thereof,
in the case of the first payment), commencing with the first such date to occur after the issuance
of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For
purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount
of such Letter of Credit shall be determined in accordance with Section 1.08. In addition,
the US Borrower shall pay directly to the L/C Issuer for its own account, in Dollars, the customary
issuance, presentation, amendment and other processing fees, and other standard costs and charges,
of the L/C Issuer relating to letters of credit or bank guarantees, as applicable, as from time to
time in effect. Such customary fees and standard costs and charges are due and payable on demand
and are nonrefundable.

     (k) Conflict with Issuer Documents. In the event of any conflict between the terms
hereof and the terms of any Issuer Document, the terms hereof shall control.

     (l) Letters of Credit Issued for Restricted Subsidiaries. Notwithstanding that a
Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the
account of, a Subsidiary, the US Borrower shall be obligated to reimburse the L/C Issuer hereunder
for any and all drawings under such Letter of Credit. The US Borrower hereby acknowledges that the
issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the US
Borrower, and that the US Borrower’s business derives substantial benefits from the businesses of
such Restricted Subsidiaries.

     2.04. Swing Line Loans.

     (a) The Swing Line. Subject to the terms and conditions set forth herein, the Swing
Line Lender agrees, in reliance upon the agreements of the other Lenders set forth in this
Section 2.04, to make loans in Dollars (each such loan, a “Swing Line Loan”) to the
US Borrower from time to time on any Business Day during the Availability Period in an aggregate
principal amount not to exceed at any time outstanding the amount of the Swing Line Sublimit,
notwithstanding the fact that such Swing Line Loans, when aggregated with the Applicable Percentage
of the Outstanding Amount of Revolving Credit Loans and L/C Obligations of the Lender acting as
Swing Line Lender, may exceed the amount of such Lender’s Revolving Credit

49

 

Commitment; provided, however, that after giving effect to any Swing Line
Loan, (i) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility at
such time, (ii) the total Outstanding Amount of the US Borrower Revolving Credit Loans,
plus the total Outstanding Amount of all L/C Obligations, plus the total
Outstanding Amount of all Swing Line Loans shall not exceed the US Borrower Revolving Credit
Facility, and (iii) the aggregate Outstanding Amount of the Revolving Credit Loans of any Revolving
Credit Lender at such time, plus such Revolving Credit Lender’s Applicable Percentage of
the Outstanding Amount of all L/C Obligations at such time, plus such Revolving Credit
Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans at such time shall
not exceed such Lender’s Revolving Credit Commitment, and provided further that the
US Borrower shall not use the proceeds of any Swing Line Loan to refinance any outstanding Swing
Line Loan. Within the foregoing limits, and subject to the other terms and conditions hereof, the
US Borrower may borrow under this Section 2.04, prepay under Section 2.05, and
reborrow under this Section 2.04. Each Swing Line Loan shall be a BBA LIBOR Daily Floating
Rate Loan. Immediately upon the making of a Swing Line Loan, each Revolving Credit Lender shall be
deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line
Lender a risk participation in such Swing Line Loan in an amount equal to the product of such
Revolving Credit Lender’s Applicable Percentage times the amount of such Swing Line Loan.
Notwithstanding anything contained herein to the contrary, the Swingline Lender shall be under no
obligation to make a Swing Line Loan if, at such time, a Lender is in default of its obligations to
fund under Section 2.04(c) or any Lender is a Defaulting Lender hereunder, unless the
obligations of such Defaulting Lender have been fully reallocated to the non-Defaulting Lenders
pursuant to Section 2.17(c) or the Swing Line Lender has entered into arrangements (such as
through the posting of Cash Collateral) satisfactory to it with the US Borrower or such Lender to
eliminate the Swing Line Lender’s risk with respect to such Lender. All Swing Line Loans
outstanding on the Closing Date under the Existing Credit Agreement shall be deemed to have been
made to the US Borrower pursuant to this Agreement, and from and after the Closing Date shall be
subject to and governed by the terms and conditions hereof.

     (b) Borrowing Procedures. Each Swing Line Borrowing shall be made upon the US
Borrower’s irrevocable notice to the Swing Line Lender and the Administrative Agent, which may be
given by telephone. Each such notice must be received by the Swing Line Lender and the
Administrative Agent not later than 1:00 p.m., New York City time on the requested borrowing date,
and shall specify (i) the amount to be borrowed, which shall be a minimum of $100,000, and (ii)
the requested borrowing date, which shall be a Business Day. Each such telephonic notice must be
confirmed promptly by delivery to the Swing Line Lender and the Administrative Agent of a written
Swing Line Loan Notice, appropriately completed and signed by a Responsible Officer of the US
Borrower. Promptly after receipt by the Swing Line Lender of any telephonic Swing Line Loan
Notice, the Swing Line Lender will confirm with the Administrative Agent (by telephone or in
writing) that the Administrative Agent has also received such Swing Line Loan Notice and, if not,
the Swing Line Lender will notify the Administrative Agent (by telephone or in writing) of the
contents thereof. Unless the Swing Line Lender has received notice (by telephone or in writing)
from the Administrative Agent (including at the request of any Lender) prior to 2:00 p.m., New York
City time, on the date of the proposed Swing Line Borrowing (A) directing the Swing Line Lender not
to make such Swing Line Loan as a result of the limitations set forth in the proviso to the first
sentence of Section 2.04(a), or (B) that one or more of the applicable conditions specified
in Article IV is not

50

 

then satisfied, then, subject to the terms and conditions hereof, the Swing Line Lender will,
not later than 3:00 p.m. on the borrowing date specified in such Swing Line Loan Notice, make the
amount of its Swing Line Loan available to the US Borrower at its office by crediting the account
of the US Borrower on the books of the Swing Line Lender in Same Day Funds.

     (c) Refinancing of Swing Line Loans. (i) The Swing Line Lender at any time in its
sole and absolute discretion may, and in any event on the 10th Business Day after any
such Swing Line Loan is made, shall request, on behalf of the US Borrower (which hereby irrevocably
authorizes the Swing Line Lender to so request on its behalf), that each Revolving Credit Lender
make a Base Rate Loan in an amount equal to such Lender’s Applicable Percentage of the amount of
Swing Line Loans then outstanding or, in the case of any request given with respect to Swing Line
Loans which have been outstanding for 10 Business Days, the amount of such outstanding Swing Line
Loans; provided that such Loans may, and upon the US Borrower’s request shall, be made as
Eurocurrency Rate Loans if a Eurocurrency Rate Loan could otherwise be made pursuant to Section
2.02. Such request shall be made in writing (which written request shall be deemed to be a
Borrowing Notice for purposes hereof) and in accordance with the requirements of Section
2.02, without regard to the minimum and multiples specified therein for the principal amount of
Base Rate Loans or Eurocurrency Rate Loans, but subject to the unutilized portion of the Aggregate
Commitments and the conditions set forth in Section 4.03. The Swing Line Lender shall
furnish the US Borrower with a copy of the applicable Borrowing Notice promptly after delivering
such notice to the Administrative Agent. Each Revolving Credit Lender shall make an amount equal
to its Applicable Percentage of the amount specified in such Borrowing Notice available to the
Administrative Agent in Same Day Funds for the account of the Swing Line Lender at the
Administrative Agent’s Office for Dollar-denominated payments not later than 1:00 p.m., New York
City time, on the day specified in such Borrowing Notice, whereupon, subject to Section
2.04(c)(ii), each such Revolving Credit Lender that so makes funds available shall be deemed to
have made a Base Rate Loan (or Eurocurrency Rate Loan, if applicable) to the US Borrower in such
amount. The Administrative Agent shall remit the funds so received to the Swing Line Lender.

          (ii) If for any reason any Swing Line Loan cannot be refinanced by such a Borrowing in
accordance with Section 2.04(c)(i), the request for Base Rate Loans submitted by the Swing
Line Lender as set forth herein shall be deemed to be a request by the Swing Line Lender that each
of the Revolving Credit Lenders fund its risk participation in the relevant Swing Line Loan and
each Revolving Credit Lender’s payment to the Administrative Agent for the account of the Swing
Line Lender pursuant to Section 2.04(c)(i) shall be deemed payment in respect of such
participation.

          (iii) If any Revolving Credit Lender fails to make available to the Administrative Agent for
the account of the Swing Line Lender any amount required to be paid by such Lender pursuant to the
foregoing provisions of this Section 2.04(c) by the time specified in Section
2.04(c)(i), the Swing Line Lender shall be entitled to recover from such Lender (acting through
the Administrative Agent), on demand, such amount with interest thereon for the period from the
date such payment is required to the date on which such payment is immediately available to the
Swing Line Lender at a rate per annum equal to the applicable Overnight Rate from time to time in
effect. A certificate of the Swing Line Lender submitted to any Revolving

51

 

Credit Lender (through the Administrative Agent) with respect to any amounts owing under this
clause (iii) shall be conclusive, absent manifest error.

          (iv) Each Revolving Credit Lender’s obligation to make Revolving Credit Loans or to purchase
and fund risk participations in Swing Line Loans pursuant to this Section 2.04(c) shall be
absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff,
counterclaim, recoupment, defense or other right which such Lender may have against the Swing Line
Lender, the Borrowers or any other Person for any reason whatsoever, (B) the occurrence or
continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar
to any of the foregoing; provided, however, that each Revolving Credit Lender’s
obligation to make US Borrower Revolving Credit Loans pursuant to this Section 2.04(c) is
subject to the conditions set forth in Section 4.03. No such funding of risk
participations shall relieve or otherwise impair the obligation of the US Borrower to repay Swing
Line Loans, together with interest as provided herein.

     (d) Repayment of Participations.

          (i) At any time after any Revolving Credit Lender has purchased and funded a risk
participation in a Swing Line Loan, if the Swing Line Lender receives any payment on account of
such Swing Line Loan, the Swing Line Lender will distribute to such Lender its Applicable
Percentage of such payment (appropriately adjusted, in the case of interest payments, to reflect
the period of time during which such Lender’s risk participation was funded) in the same funds as
those received by the Swing Line Lender.

          (ii) If any payment received by the Swing Line Lender in respect of principal or interest on
any Swing Line Loan is required to be returned by the Swing Line Lender under any of the
circumstances described in Section 10.05 (including pursuant to any settlement entered into
by the Swing Line Lender in its discretion), each Revolving Credit Lender shall pay to the Swing
Line Lender its Applicable Percentage thereof on demand of the Administrative Agent, plus interest
thereon from the date of such demand to the date such amount is returned, at a rate per annum equal
to the applicable Overnight Rate. The Administrative Agent will make such demand upon the request
of the Swing Line Lender. The obligations of the Revolving Credit Lenders under this clause shall
survive the payment in full of the Obligations and the termination of this Agreement.

     (e) Interest for Account of Swing Line Lender. The Swing Line Lender shall be
responsible for invoicing the US Borrower for interest on the Swing Line Loans. Until each
Revolving Credit Lender funds its Base Rate Loan or risk participation pursuant to this Section
2.04 to refinance such Lender’s Applicable Percentage of any Swing Line Loan, interest in
respect of such Applicable Percentage shall be solely for the account of the Swing Line Lender.

     (f) Payments Directly to Swing Line Lender. The US Borrower shall make all payments
of principal and interest in respect of the Swing Line Loans directly to the Swing Line Lender.

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     2.05. Prepayments.

     (a) The US Borrower and the Dutch Borrower, as applicable, may, upon notice to the
Administrative Agent, at any time or from time to time voluntarily prepay Term Loans and Revolving
Credit Loans, as applicable, in whole or in part without premium or penalty; provided that
(i) such notice must be received by the Administrative Agent not later than 11:00 a.m., New York
City time, (A) three Business Days prior to any date of prepayment of Eurocurrency Rate Loans, and
(B) on the date of prepayment of Base Rate Loans; (ii) any prepayment of Eurocurrency Rate Loans
denominated in Dollars shall be in a principal amount of $5,000,000 or a whole multiple of
$1,000,000 in excess thereof; (iii) any prepayment of Eurocurrency Rate Loans denominated in
Alternative Currencies shall be in a minimum principal amount of the Dollar Equivalent of
$5,000,000 or a whole multiple of the Dollar Equivalent of $1,000,000 in excess thereof; and (iv)
any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of
$100,000 in excess thereof or, in each case, the entire amount thereof then outstanding. Each such
notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid
and, if Eurocurrency Rate Loans are to be prepaid, the Interest Period(s) of such Loans. The
Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of
the amount of such Lender’s ratable portion of such prepayment (based on such Lender’s Applicable
Percentage in respect of the relevant Facility). If such notice is given by a Borrower, such
Borrower shall make such prepayment and the payment amount specified in such notice shall be due
and payable on the date specified therein. Any prepayment of a Eurocurrency Rate Loan shall be
accompanied by all accrued interest on the amount prepaid, together with any additional amounts
required pursuant to Section 3.05. Each prepayment of the outstanding Term Loans pursuant
to this Section 2.05(a) shall be applied to the scheduled repayment of installments thereof
as the US Borrower shall direct, and each prepayment of Loans shall be paid to the Lenders in
accordance with their respective Applicable Percentages in respect of each of the relevant
Facilities.

     (b) The US Borrower may, upon notice to the Swing Line Lender (with a copy to the
Administrative Agent), at any time or from time to time, voluntarily prepay Swing Line Loans in
whole or in part without premium or penalty; provided that (A) such notice must be received
by the Swing Line Lender and the Administrative Agent not later than 1:00 p.m., New York City time
on the date of the prepayment, and (B) any such prepayment shall be in a minimum principal amount
of the Dollar Equivalent of $100,000. Each such notice shall specify the date and amount of such
prepayment. If such notice is given by the US Borrower, the US Borrower shall make such prepayment
and the payment amount specified in such notice shall be due and payable on the date specified
therein.

     (c) If the Administrative Agent notifies either of the Borrowers at any time that the Dollar
Equivalent of the Total Outstandings at such time exceed an amount equal to 105% of the Aggregate
Commitments then in effect, then, within two Business Days after receipt of such notice, such
Borrower shall prepay Loans and/or (in the case of the US Borrower) shall Cash Collateralize the
L/C Obligations in an aggregate amount sufficient to reduce such Outstanding Amount as of such date
of payment to an amount not to exceed 100% of the Aggregate Commitments then in effect;
provided, however, that, subject to the provisions of Section 2.03(g), the
US Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this
Section 2.05(c) unless after the prepayment in full of the Loans the Total

53

 

Outstandings exceed the Aggregate Commitments then in effect. The Administrative Agent may,
at any time and from time to time after the initial deposit of such Cash Collateral, request that
additional Cash Collateral be provided in order to protect against the incremental effects of
further exchange rate fluctuations if the Dollar Equivalent of the Total Outstandings at such time
less the amount of Cash Collateral held by the Administrative Agent for L/C Obligations exceeds an
amount equal to 105% of the Aggregate Commitments then in effect.

     (d) If the Administrative Agent notifies either of the Borrowers at any time that the
Outstanding Amount of all Loans denominated in Alternative Currencies at such time exceeds an
amount equal to 105% of the Alternative Currency Sublimit then in effect, then, within two Business
Days after receipt of such notice, such Borrower shall prepay Loans in an aggregate amount
sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to exceed
100% of the Alternative Currency Sublimit then in effect.

     2.06. Termination or Reduction of Commitments.

     (a) Optional. (i) The US Borrower (on behalf of itself and the Dutch Borrower) may,
upon notice to the Administrative Agent, terminate the Revolving Credit Commitments, the
Alternative Currency Sublimit or the Swing Line Sublimit, or from time to time permanently reduce
the Revolving Credit Commitments, the Alternative Currency Sublimit or the Swing Line Sublimit;
provided that (i) any such notice shall be received by the Administrative Agent not later
than 11:00 a.m., New York City time, three Business Days prior to the date of termination or
reduction, (ii) any such partial reduction shall be in an aggregate amount of $5,000,000 or any
whole multiple of $1,000,000 in excess thereof, (iii) the US Borrower shall not terminate or reduce
the Aggregate Commitments if, after giving effect thereto and to any concurrent prepayments
hereunder, the Total Outstandings would exceed the Aggregate Commitments, and (iv) if, after giving
effect to any reduction of the Aggregate Commitments, the Alternative Currency Sublimit, or the
Swing Line Sublimit exceeds the amount of the Aggregate Commitments, such Sublimit shall be
automatically reduced by the amount of such excess. The Administrative Agent will promptly notify
the Lenders of any such notice of termination or reduction of the Aggregate Commitments. The
amount of any such Aggregate Commitment reduction shall not be applied to the Alternative Currency
Sublimit unless otherwise specified by the US Borrower. Any reduction of the Aggregate Commitments
shall be applied to the Commitment of each applicable Lender according to its Applicable
Percentage.

          (ii) The Dutch Borrower may, upon notice to the Administrative Agent, terminate the Dutch
Borrower Revolving Credit Commitments or from time to time permanently reduce the Dutch Borrower
Revolving Credit Commitments; provided that (i) any such notice shall be received by the
Administrative Agent not later than 11:00 a.m., New York City time, three Business Days prior to
the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate
amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof, (iii) the Dutch
Borrower shall not terminate or reduce the Dutch Borrower Revolving Credit Commitments if, after
giving effect thereto and to any concurrent prepayments hereunder, the Total Outstandings would
exceed the Aggregate Commitments or the Outstanding Amount of the Dutch Borrower Revolving Credit
Loans would exceed the Dutch Borrower Revolving Credit Commitments. The Administrative Agent will
promptly notify the Lenders of any such notice of termination or reduction of the Dutch Borrower
Revolving Credit Commitments. Any

54

 

termination or reduction of the Dutch Borrower Revolving Credit Commitments shall not
terminate or reduce the US Borrower Revolving Credit Commitments. The amount of any such Dutch
Borrower Revolving Credit Commitments reduction shall not be applied to the Alternative Currency
Sublimit unless otherwise specified by the US Borrower. Any reduction of the Dutch Borrower
Revolving Credit Commitments shall be applied to the Dutch Borrower Revolving Credit Commitments of
each applicable Dutch Borrower Revolving Credit Lender according to its Applicable Percentage.

          (iii) In the event that the Dutch Facility Termination Date occurs, (i) the Dutch Borrower and
the Dutch Facility Guarantors shall cease to be bound by the terms of the Dutch Facility Guaranty
and (ii) the Dutch Borrower and the Dutch Facility Guarantors who are not US Subsidiary Guarantors
shall be released from the terms of the other Loan Documents, except for, in each case, (A)
provisions that expressly survive termination of such Loan Documents (including Section 10.04(f)
hereof and Section 6.4 of the Dutch Facility Guaranty) and (B) the provisions set forth in Sections
10.02, 10.03, 10.05, 10.06, 10.07, 10.08, 10.09, 10.10, 10.11, 10.12, 10.14, 10.15, 10.18 and
10.19 of this Agreement) and shall have no further rights thereunder and the provisions restricting
or applying to the “Dutch Borrower” and the “Dutch Facility Guarantors” (solely in their capacity
as such) shall have no further force and effect (except for (A) provisions that expressly survive
termination of the Loan Documents (including Section 10.04(f) hereof and Section 6.4 of the Dutch
Facility Guaranty) and (B) the provisions set forth in Sections 10.02, 10.03, 10.05, 10.06, 10.07,
10.08, 10.09, 10.10, 10.11, 10.12, 10.14, 10.15, 10.18 and 10.19 of this Agreement);
provided that the entities which are defined as the Dutch Borrower and the Dutch Facility
Guarantors shall continue to be bound by the provisions of the Loan Documents restricting or
affecting them by virtue of their status as Restricted Subsidiaries of the US Borrower. To the
extent that the Administrative Agent and the US Borrower agree that it is necessary or desirable to
amend this Agreement in order to implement the foregoing or to clarify any ambiguity associated
with such implementation, the Lenders hereby authorize the Administrative Agent and the Borrowers
to enter into such amendment to effect such implementation or cure such ambiguity and agree that
such amendment shall become effective without any further action or consent of any other party to
the Loan Documents.

     (b) Mandatory. (i) The aggregate Term Loan Commitments shall be automatically and
permanently reduced to zero on the Closing Date for the Term Loan Facility.

          (ii) If after giving effect to any reduction or termination of Revolving Credit Commitments
under Section 2.06(a)(i), the Swing Line Sublimit exceeds the Revolving Credit Facility at
such time, the Swing Line Sublimit, as the case may be, shall be automatically reduced by the
amount of such excess.

     (c) Application of Commitment Reductions; Payment of Fees. The Administrative Agent
will promptly notify the Lenders of any termination or reduction of the Alternative Currency
Sublimit, the Swing Line Sublimit or the Revolving Credit Commitment under this Section
2.06. Upon any reduction of the Revolving Credit Commitments, the Revolving Credit Commitment
of each Revolving Credit Lender shall be reduced by such Lender’s Applicable Percentage of such
reduction amount. All fees in respect of the Revolving Credit Facility accrued until the effective
date of any termination of the Revolving Credit Facility pursuant to Section 2.06(a)(i)
shall be paid on the effective date of such termination. Upon any reduction of

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the Dutch Borrower Revolving Credit Commitments, the Dutch Borrower Revolving Credit
Commitments of each Dutch Borrower Revolving Credit Lender shall be reduced by such Dutch Borrower
Revolving Credit Lender’s Applicable Percentage of such reduction amount, but such reduction shall
not reduce any Revolving Lender’s US Borrower Revolving Credit Commitments.

     2.07. Repayment of Loans.

     (a) Term Loans. The US Borrower shall repay to the Term Loan Lenders the aggregate
principal amount of all Term Loans outstanding on the following dates (or, if any such date is not
a Business Day, the immediately preceding Business Day) and in an amount equivalent to the
percentage set forth opposite such date of the Total Term Loan Outstandings on the Closing Date
(after giving effect to any Borrowing of the Term Loans on such date):

	 	 	 	 	 
	Date	 	Amount	 
	December 31, 2010
	 	 	1.25	%
	March 31, 2011
	 	 	1.25	%
	June 30, 2011
	 	 	1.25	%
	September 30, 2011
	 	 	1.25	%
	December 31, 2011
	 	 	1.25	%
	March 31, 2012
	 	 	1.25	%
	June 30, 2012
	 	 	1.25	%
	September 30, 2012
	 	 	1.25	%
	December 31, 2012
	 	 	1.25	%
	March 31, 2013
	 	 	1.25	%
	June 30, 2013
	 	 	1.25	%
	September 30, 2013
	 	 	1.25	%
	December 31, 2013
	 	 	1.25	%
	March 31, 2014
	 	 	1.25	%
	June 30, 2014
	 	 	1.25	%
	September 30, 2014
	 	 	1.25	%
	December 31, 2014
	 	 	1.25	%
	March 31, 2015
	 	 	1.25	%
	Maturity Date
	 	 	77.5	%

     provided, however, that the final principal repayment installment of the Term
Loans shall be repaid on the Maturity Date and in any event shall be in an amount equal to the
aggregate principal amount of all Term Loans outstanding on such date.

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     (b) Revolving Credit Loans. The US Borrower shall repay to the Revolving Credit
Lenders on the Maturity Date the aggregate principal amount of all US Borrower Revolving Credit
Loans outstanding on such date. The Dutch Borrower shall repay to the Dutch Borrower Revolving
Credit Lenders on the Maturity Date the aggregate principal amount of all Dutch Borrower Revolving
Credit Loans outstanding on such date.

     (c) Swing Line Loans. The US Borrower shall repay each Swing Line Loan on the earlier
to occur of (i) the date ten Business Days after such Loan is made and (ii) the Maturity Date.

     2.08. Interest.

     (a) Subject to the provisions of subsection (b) below, (i) each Eurocurrency Rate Loan shall
bear interest on the outstanding principal amount thereof for each Interest Period at a rate per
annum equal to the Eurocurrency Rate for such Interest Period plus the Applicable Rate
plus (in the case of a Eurocurrency Rate Loan of any Lender which is lent from a Lending
Office in the United Kingdom or a Participating Member State) the Mandatory Cost; (ii) each Base
Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable
borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate; and
(iii) each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the
applicable borrowing date at a rate per annum equal to the BBA LIBOR Daily Floating Rate
plus the Applicable Rate.

     (b) If any amount of principal or interest of any Loan (or any other Obligations) is not paid
when due (without regard to any applicable grace periods), whether at stated maturity, by
acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating interest
rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable
Laws.

          (i) Upon the request of the Required Lenders, while any Event of Default exists, the
applicable Borrower shall pay interest on the principal amount of all outstanding Obligations
hereunder at a fluctuating interest rate per annum at all times equal to the Default Rate to the
fullest extent permitted by applicable Laws.

          (ii) Accrued and unpaid interest on past due amounts (including interest on past due interest)
shall be due and payable upon demand.

     (c) Interest on each Loan shall be due and payable in arrears on each Interest Payment Date
applicable thereto and at such other times as may be specified herein. Interest hereunder shall be
due and payable in accordance with the terms hereof before and after judgment, and before and after
the commencement of any proceeding under any Debtor Relief Law.

     2.09. Fees. In addition to certain fees described in subsections (i) and (j) of Section
2.03:

     (a) Commitment Fee. The US Borrower shall pay to the Administrative Agent for the
account of each Revolving Credit Lender in accordance with its Applicable Percentage, a

57

 

commitment fee in Dollars equal to the Applicable Rate times the actual daily amount
by which the aggregate Revolving Credit Commitments of all Revolving Credit Lenders exceed the sum
of (i) the Outstanding Amount of Revolving Credit Loans (excluding any Outstanding Amount of Swing
Line Loans made to the US Borrower) and (ii) the Outstanding Amount of L/C Obligations of the US
Borrower, determined as of the last day of the immediately preceding fiscal quarter. The
commitment fee shall accrue at all times during the Availability Period, including at any time
during which one or more of the conditions in Article IV is not met, and shall be due and
payable quarterly in arrears on the last Business Day of each March, June, September and December,
commencing with the first such date to occur after the Closing Date, and on the Maturity Date.

     (b) Other Fees. The US Borrower shall pay to the Arrangers and the Administrative
Agent for their own respective accounts, in Dollars, fees in the amounts and at the times specified
in each of the Fee Letters. Such fees shall be fully earned when paid and shall not be refundable
for any reason whatsoever.

     2.10. Computation of Interest and Fees. All computations of interest for Base Rate Loans and
of Fronting Fees shall be made on the basis of a year of 365 or 366 days, as the case may be, and
actual days elapsed. All other computations of fees and interest shall be made on the basis of a
360-day year and actual days elapsed. Interest shall accrue on each Loan for the day on which the
Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan
or such portion is paid, provided that any Loan that is repaid on the same day on which it
is made shall, subject to Section 2.12(a), bear interest for one day. Each determination
by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding
for all purposes, absent manifest error.

     2.11. Evidence of Debt.

     (a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or
records maintained by such Lender and by the Administrative Agent in the ordinary course of
business. The accounts or records maintained by the Administrative Agent and each Lender shall be
conclusive absent manifest error of the amount of the Credit Extensions made by the Lenders to the
applicable Borrower and the interest and payments thereon. Any failure to so record or any error
in doing so shall not, however, limit or otherwise affect the obligation of the applicable Borrower
hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict
between the accounts and records maintained by any Lender and the accounts and records of the
Administrative Agent in respect of such matters, the accounts and records of the Administrative
Agent shall control in the absence of manifest error. Upon the request of any Lender to either of
the Borrowers made through the Administrative Agent, such Borrower shall execute and deliver to
such Lender (through the Administrative Agent) a Note, which shall evidence such Lender’s Loans to
such Borrower in addition to such accounts or records. Each Lender may attach schedules to a Note
and endorse thereon the date, Type (if applicable), amount, currency and maturity of its Loans and
payments with respect thereto.

     (b) In addition to the accounts and records referred to in subsection (a), each Lender and the
Administrative Agent shall maintain in accordance with its usual practice accounts or records
evidencing the purchases and sales by such Lender of participations in Letters of Credit

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and Swing Line Loans. In the event of any conflict between the accounts and records
maintained by the Administrative Agent and the accounts and records of any Lender in respect of
such matters, the accounts and records of the Administrative Agent shall control in the absence of
manifest error.

     2.12. Payments Generally; Administrative Agent’s Clawback.

     (a) General. All payments to be made by either of the Borrowers shall be made without
condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise
expressly provided herein and except with respect to principal of and interest on Loans denominated
in an Alternative Currency, all payments by either of the Borrowers hereunder shall be made to the
Administrative Agent, for the account of the respective Lenders to which such payment is owed, at
the applicable Administrative Agent’s Office in Dollars and in Same Day Funds not later than 2:00
p.m., New York City time, on the date specified herein. Except as otherwise expressly provided
herein, all payments by either of the Borrowers hereunder with respect to principal and interest on
Loans denominated in an Alternative Currency shall be made to the Administrative Agent, for the
account of the respective Lenders to which such payment is owed, at the applicable Administrative
Agent’s Office in such Alternative Currency and in Same Day Funds not later than the Applicable
Time specified by the Administrative Agent on the dates specified herein. Without limiting the
generality of the foregoing, the Administrative Agent may require that any payments due under this
Agreement be made in the United States. If, for any reason, either of the Borrowers is prohibited
by any Law from making any required payment hereunder in an Alternative Currency, such Borrower
shall make such payment in Dollars in the Dollar Equivalent of the Alternative Currency payment
amount. The Administrative Agent will promptly distribute to each Lender its Applicable Percentage
(or other applicable share as provided herein) of such payment in like funds as received by wire
transfer to such Lender’s Lending Office. All payments received by the Administrative Agent (i)
after 2:00 p.m., New York City time, in the case of payments in Dollars, or (ii) after the
Applicable Time specified by the Administrative Agent in the case of payments in an Alternative
Currency, shall in each case be deemed received on the next succeeding Business Day and any
applicable interest or fee shall continue to accrue. If any payment to be made by either of the
Borrowers shall come due on a day other than a Business Day, payment shall be made on the next
following Business Day, and such extension of time shall be reflected in computing interest or
fees, as the case may be.

     (b) (i) Funding by Lenders; Presumption by Administrative Agent. Unless the
Administrative Agent shall have received notice from a Lender prior to the proposed date of any
Borrowing of Eurocurrency Rate Loans (or, in the case of any Borrowing of Base Rate Loans, prior to
12:00 noon, New York City time, on the date of such Borrowing) that such Lender will not make
available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative
Agent may assume that such Lender has made such share available on such date in accordance with
Section 2.02 (or, in the case of a Borrowing of Base Rate Loans, that such Lender has made
such share available in accordance with and at the time required by Section 2.02) and may,
in reliance upon such assumption, make available to the applicable Borrower a corresponding amount.
In such event, if a Lender has not in fact made its share of the applicable Borrowing available to
the Administrative Agent, then the applicable Lender and applicable Borrower severally agree to pay
to the Administrative Agent forthwith on demand such corresponding amount in Same Day Funds with
interest thereon, for each day from and including

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the date such amount is made available to such Borrower to but excluding the date of payment
to the Administrative Agent, at (A) in the case of a payment to be made by such Lender, the
Overnight Rate, and (B) in the case of a payment to be made by such Borrower, the interest rate
applicable to Base Rate Loans. If such Borrower and such Lender shall pay such interest to the
Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly
remit to such Borrower the amount of such interest paid by such Borrower for such period. If such
Lender pays its share of the applicable Borrowing to the Administrative Agent, then the amount so
paid shall constitute such Lender’s Loan included in such Borrowing. Any payment by either of the
Borrowers shall be without prejudice to any claim such Borrower may have against a Lender that
shall have failed to make such payment to the Administrative Agent.

     (ii) Payments by Borrowers; Presumptions by Administrative Agent. Unless the
Administrative Agent shall have received notice from the applicable Borrower prior to the date on
which any payment is due to the Administrative Agent for the account of the Lenders or the L/C
Issuer hereunder that such Borrower will not make such payment, the Administrative Agent may assume
that such Borrower has made such payment on such date in accordance herewith and may, in reliance
upon such assumption, distribute to the Lenders or the L/C Issuer, as the case may be, the amount
due. In such event, if such Borrower has not in fact made such payment, then each of the Lenders
or the L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent
forthwith on demand the amount so distributed to such Lender or the L/C Issuer, in Same Day Funds
with interest thereon, for each day from and including the date such amount is distributed to it to
but excluding the date of payment to the Administrative Agent, at the Overnight Rate.

     A notice of the Administrative Agent to any Lender or the Borrowers with respect to any amount
owing under this subsection (b) shall be conclusive, absent manifest error.

     (c) Failure to Satisfy Conditions Precedent. If any Lender makes available to the
Administrative Agent funds for any Loan to be made by such Lender to the applicable Borrower as
provided in the foregoing provisions of this Article II, and such funds are not made
available to such Borrower by the Administrative Agent because the conditions to the applicable
Credit Extension set forth in Article IV are not satisfied or waived in accordance with the
terms hereof, the Administrative Agent shall promptly return such funds (in like funds as received
from such Lender) to such Lender, without interest.

     (d) Obligations of Lenders Several. The obligations of the Lenders hereunder to make
Loans, to fund participations in Letters of Credit and Swing Line Loans and to make payments
pursuant to Section 10.04(c) are several and not joint. The failure of any Lender to make
any Term Loan or Revolving Credit Loan, to fund any such participation or to make any payment under
Section 10.04(c) on any date required hereunder shall not relieve any other Lender of its
corresponding obligation to do so on such date, and no Lender shall be responsible for the failure
of any other Lender to so make its Term Loan or Revolving Credit Loan, to fund its participation or
to make its payment under Section 10.04(c).

     (e) Funding Source. Nothing herein shall be deemed to obligate any Lender to obtain
the funds for any Loan in any particular place or manner or to constitute a representation by any

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Lender that it has obtained or will obtain the funds for any Loan in any particular place or
manner.

     2.13. Pro Rata; Sharing of Payments by Lenders. Each payment (including each prepayment) by
the applicable Borrower on account of principal of and interest on any Term Loans, US Borrower
Revolving Credit Loans or Dutch Borrower Revolving Credit Loans shall be allocated by the
Administrative Agent pro rata according to the respective outstanding principal amounts of such
Loans then held by the respective Lenders. If any Lender shall, by exercising any right of setoff
or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of
the Loans made by it, or the participations in L/C Obligations or in Swing Line Loans held by it
resulting in such Lender’s receiving payment of a proportion of the aggregate amount of such Loans
or participations and accrued interest thereon greater than its pro rata share
thereof as provided herein, then the Lender receiving such greater proportion shall (a) notify the
Administrative Agent of such fact and (b) purchase (for cash at face value) participations in the
applicable Loans and subparticipations in L/C Obligations and Swing Line Loans of the other
Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such
payments shall be shared by the Lenders ratably in accordance with the aggregate amount of
principal of and accrued interest on their respective Loans and other amounts owing them, provided
that:

     (a) if any such participations or subparticipations are purchased and all or any portion of
the payment giving rise thereto is recovered, such participations or subparticipations shall be
rescinded and the purchase price restored to the extent of such recovery, without interest; and

     (b) the provisions of this Section shall not be construed to apply to (i) any payment made by
either of the Borrowers pursuant to and in accordance with the express terms of this Agreement or
(ii) any payment obtained by a Lender as consideration for the assignment of or sale of a
participation in any of its Term Loans or Revolving Credit Loans or subparticipations in L/C
Obligations or Swing Line Loans to any assignee or participant, other than to either of the
Borrowers or any Subsidiary thereof (as to which the provisions of this Section shall apply).

     Each of the US Borrower and the Dutch Borrower consents to the foregoing and agrees, to the
extent it may effectively do so under applicable law, that any Lender acquiring a participation
pursuant to the foregoing arrangements may exercise against the applicable Borrower rights of
setoff and counterclaim with respect to such participation as fully as if such Lender were a direct
creditor of such Borrower in the amount of such participation.

     2.14. Increase in US Borrower Revolving Credit Facility.

     (a) Request for Increase. Provided there exists no Default, upon notice to and
approval (not to be unreasonably withheld or delayed) of the Administrative Agent (which shall
promptly notify the US Borrower Revolving Credit Lenders), the US Borrower may, without the consent
of any Lender, from time to time, request an increase in the US Borrower Revolving Credit Facility
by an amount that, in addition to all other increases under this Section 2.14 and all
increases in the Term Loans pursuant to Section 2.15, does not exceed $250,000,000 in the
aggregate for all such increases; provided that (i) any such request for an increase shall
be in a minimum amount of $25,000,000, and (ii) the US Borrower may make a maximum of five such

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requests, inclusive of any requests for increases in the Term Loans pursuant to Section
2.15 (any such increase to the US Borrower Revolving Credit Commitments, an “Incremental US
Borrower Revolving Credit Commitment”). At the time of sending such notice, the US Borrower
(in consultation with the Administrative Agent) shall specify the time period within which each US
Borrower Revolving Credit Lender is requested to respond (which shall in no event be less than 10
Business Days from the date of delivery of such notice to the US Borrower Revolving Credit
Lenders). No Lender shall be obligated to increase its Revolving Credit Commitments.

     (b) Lender Elections to Increase. Each US Borrower Revolving Credit Lender shall
notify the Administrative Agent within the time period set forth in the applicable notice provided
pursuant to Section 2.14(a) whether or not it agrees, in its sole discretion, to increase
its US Borrower Revolving Credit Commitment and, if so, the amount by which it seeks to increase
its commitment (whether it be by an amount equal to, greater than, or less than its Applicable
Percentage of such requested increase). Any Lender not responding within such time period shall be
deemed to have declined to increase its US Borrower Revolving Credit Commitment.

     (c) Notification by Administrative Agent; Additional US Borrower Revolving Credit
Lenders. The Administrative Agent shall notify the US Borrower and each US Borrower Revolving
Credit Lender of the US Borrower Revolving Credit Lenders’ responses to each request made
hereunder. Subject to the approval of the Administrative Agent (which approval shall not be
unreasonably withheld or delayed), the US Borrower may also invite additional Eligible Assignees to
become US Borrower Revolving Credit Lenders pursuant to a joinder agreement in form and substance
reasonably satisfactory to the Administrative Agent (each such Eligible Assignee and US Borrower
Revolving Credit Lender providing an Incremental US Borrower Revolving Credit Commitment, an
“Incremental US Borrower Revolving Credit Lender”).

     (d) Closing Date and Allocations. In connection with any Incremental US Borrower
Revolving Credit Commitment, the Administrative Agent and the US Borrower shall determine the
effective date (the “Revolving Credit Increase Effective Date”) and the final allocation of
such Incremental US Borrower Revolving Credit Commitment. The Administrative Agent shall promptly
notify the US Borrower and the US Borrower Revolving Credit Lenders of the final allocation of such
increase and the Revolving Credit Increase Effective Date.

     (e) Conditions to Effectiveness of Increase. As a condition precedent to such
increase, the US Borrower shall deliver to the Administrative Agent a certificate of each Loan
Party dated as of the Revolving Credit Increase Effective Date signed by a Responsible Officer of
such Loan Party (i) certifying and attaching the resolutions adopted by such Loan Party approving
or consenting to such increase, and (ii) in the case of the US Borrower, certifying that, before
and after giving effect to such increase, (A) the representations and warranties contained in
Article V and the other Loan Documents are true and correct in all material respects on and
as of the Revolving Credit Increase Effective Date, except to the extent that such representations
and warranties specifically refer to an earlier date, in which case they are true and correct in
all material respects as of such earlier date, and except that for purposes of this Section
2.14, the representations and warranties contained in subsections (a) and (b) of Section
5.05 shall be deemed to refer to the most recent statements furnished pursuant to clauses (a)
and (b),

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respectively, of Section 6.01, and (B) no Default exists. On each Revolving Credit
Increase Effective Date, after giving effect to the increase to the US Borrower Revolving Credit
Commitments occurring on such date, the Administrative Agent shall reallocate the outstanding
Revolving Credit Loans and the Revolving Credit Commitments among the Revolving Credit Lenders to
the extent necessary to keep the outstanding Revolving Credit Loans ratable with any revised
Applicable Percentages arising from any nonratable increase in the US Borrower Revolving Credit
Commitments under this Section. In connection with any such reallocation the Borrowers shall not
be required to pay any amounts that they would otherwise owe under Section 3.05 as a result
of such reallocation.

     (f) Amendment. With the consent of the Incremental US Borrower Revolving Credit
Lenders, the US Borrower and the Administrative Agent (and without the consent of the other
Lenders), this Agreement may be amended to give effect to an Incremental US Borrower Revolving
Credit Commitment; provided that the terms of each Incremental US Borrower Revolving Credit
Commitment shall be identical to the US Borrower Revolving Credit Commitments other than fees
payable to such Incremental US Borrower Revolving Credit Lenders.

     (g) Conflicting Provisions. This Section shall supersede any provisions in
Section 2.13 to the contrary.

     2.15. Increase in Term Loan Facility.

     (a) Request for Increase. Provided there exists no Default, upon notice to and
approval (not to be unreasonably withheld or delayed) of the Administrative Agent (which shall
promptly notify the Term Loan Lenders), the US Borrower, may, without the consent of any Lender,
from time to time, request an increase in the Term Loans by an amount (for all such requests) that,
in addition to all other increases under this Section 2.15 and all increases in the
Revolving Credit Facility pursuant to Section 2.14, does not exceed $250,000,000 in the
aggregate for all such increases; provided that (i) any such request for an increase shall
be in a minimum amount of $25,000,000, and (ii) the US Borrower may make a maximum of five such
requests, inclusive of any requests for increases in the US Borrower Revolving Credit Facility
pursuant to Section 2.14. At the time of sending such notice, the US Borrower (in
consultation with the Administrative Agent) shall specify the time period within which each Term
Loan Lender is requested to respond (which shall in no event be less than 10 Business Days from the
date of delivery of such notice to the Term Loan Lenders). No Lender shall be obligated to increase
its Term Loans.

     (b) Lender Elections to Increase. Each Term Loan Lender shall notify the
Administrative Agent within the time period set forth in the applicable notice provided pursuant to
Section 2.15(a) whether or not it agrees, in its sole discretion, to increase its Term
Loans and, if so, the amount by which it seeks to increase its commitment (whether it be by an
amount equal to, greater than, or less than its ratable portion (based on such Term Loan Lender’s
Applicable Percentage in respect of the Term Loan Facility) of such requested increase). Any Term
Loan Lender not responding within such time period shall be deemed to have declined to increase its
Term Loans.

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     (c) Notification by Administrative Agent; Additional Term Loan Lenders. The
Administrative Agent shall notify the US Borrower and each Term Loan Lender of the Term Loan
Lenders’ responses to each request made hereunder. Subject to the approval of the Administrative
Agent (which approval shall not be unreasonably withheld or delayed), the US Borrower may also
invite additional Eligible Assignees to become Term Loan Lenders pursuant to a joinder agreement in
form and substance reasonably satisfactory to the Administrative Agent.

     (d) Closing Date and Allocations. In connection with any increase to the Term Loans
in accordance with this Section, the Administrative Agent and the US Borrower shall determine the
effective date (the “Term Loan Increase Effective Date”) and the final allocation of such
increase. The Administrative Agent shall promptly notify the US Borrower and the Term Loan Lenders
of the final allocation of such increase and the Term Loan Increase Effective Date. As of the Term
Loan Increase Effective Date, the amortization schedule for the Term Loans set forth in Section
2.07(b) shall be amended to increase the then-remaining unpaid installments of principal by an
aggregate amount equal to the additional Term Loans being made on such date, such aggregate amount
to be applied to increase such installments ratably in accordance with the amounts in effect
immediately prior to the Term Loan Increase Effective Date. Such amendment may be signed by the
Administrative Agent on behalf of the Lenders.

     (e) Conditions to Effectiveness of Increase. As a condition precedent to such
increase, the US Borrower shall deliver to the Administrative Agent a certificate of each US Loan
Party dated as of the Term Loan Increase Effective Date signed by a Responsible Officer of such US
Loan Party (i) certifying and attaching the resolutions adopted by such US Loan Party approving or
consenting to such increase, and (ii) in the case of the US Borrower, certifying that, before and
after giving effect to such increase, (A) the representations and warranties contained in
Article V and the other Loan Documents are true and correct in all material respects on and
as of the Term Loan Increase Effective Date, except to the extent that such representations and
warranties specifically refer to an earlier date, in which case they are true and correct in all
material respects as of such earlier date, and except that for purposes of this Section
2.15, the representations and warranties contained in subsections (a) and (b) of Section
5.05 shall be deemed to refer to the most recent statements furnished pursuant to clauses (a)
and (b), respectively, of Section 6.01, and (B) no Default exists. The additional Term
Loans shall be made by the Term Loan Lenders participating therein pursuant to the procedures set
forth in Section 2.02.

     (f) Amendment. With the consent of the parties electing to participate in a
particular increase to the Term Loans pursuant to this Section, the US Borrower and the
Administrative Agent (and without the consent of the other Lenders), this Agreement may be amended
to give effect to such increase; provided that the terms of any such Term Loan extended in
connection with such increase shall be identical to the terms of the existing Term Loans other than
fees payable to the incremental Term Loan lenders.

     (g) Conflicting Provisions. This Section shall supersede any provisions in
Section 2.13 to the contrary.

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2.16. Cash Collateral

     (a) Sections 2.03, 2.04, 2.05 and 8.02(c) set forth certain
additional requirements to deliver Cash Collateral hereunder. For purposes of Sections
2.03, 2.04, 2.05 and 8.02(c), “Cash Collateralize” means to
pledge and deposit with or deliver to the Administrative Agent, for the benefit of the L/C Issuer
and the Lenders (including, the Swing Line Lender), as collateral for the L/C Obligations, cash or
deposit account balances pursuant to documentation in form and substance reasonably satisfactory to
the Administrative Agent and, if applicable, the L/C Issuer or the Swing Line Lender (which
documents are hereby consented to by the Lenders). Derivatives of such term have corresponding
meanings. Each of the Borrowers, and to the extent provided by any Lender, such Lender, hereby
grants to the Administrative Agent, for the benefit of the L/C Issuer and the Lenders, a security
interest in all such cash, deposit accounts and all balances therein and all proceeds of the
foregoing. For the avoidance of doubt, to the extent that any other Person may have a superior or
equal claim, by virtue of an intercreditor arrangement, tag along right or any other term in any
other document or instrument, to share in any Cash Collateral or other credit support provided
pursuant to any of the aforementioned sections of this Agreement, the L/C Issuer, Swing Line Lender
or Administrative Agent, as applicable, may take such provisions into account in determining
whether Cash Collateral or other credit support is satisfactory. Cash Collateral shall be
maintained in blocked deposit accounts at Bank of America.

     (b) Notwithstanding anything to the contrary contained in this Agreement, (i) Cash Collateral
or other credit support (and proceeds thereof) provided by any Defaulting Lender pursuant to
Sections 2.03 or 2.04 to support the obligations of such Lender in respect of
Letters of Credit or Swing Line Loans shall be held and applied, first, to fund the L/C Advances of
such Lender, such Lender’s funding of participations in Swing Line Loans, or such Lender’s
Applicable Percentage of Revolving Credit Loans that are Base Rate Loans that are used to repay
Unreimbursed Amounts, L/C Advances or Swing Line Loans with respect to which such collateral or
other credit support was provided, as applicable, and, second, to fund any interest accrued for the
benefit of the L/C Issuer or Swing Line Lender pursuant to Sections 2.03(c)(vi) and
2.04(c)(iii) allocable to such Lender, and (ii) Cash Collateral and other credit support
(and proceeds thereof) otherwise provided by or on behalf of any Loan Party under Sections
2.03, 2.04, 2.05(c) or 8.02(c) to support L/C Obligations or Swing Line
Loans shall be held and applied, first, to the satisfaction of the specific L/C Obligations, Swing
Line Loans or obligations to fund participations therein of the applicable Defaulting Lender for
which the Cash Collateral or other credit support was so provided and, second, if remedies under
Section 8.02 shall have been exercised, to the application of such collateral or other
credit support (or proceeds thereof) to any other Obligations or Swap Obligations in accordance
with Section 8.03.

     (c) Cash Collateral and other credit support (or a portion thereof as provided in clause (2)
below) provided under Sections 2.03 or 2.04 in connection with any Lender’s status
as a Defaulting Lender shall be released to the Person that provided such collateral or other
credit support (except as the L/C Issuer, Swing Line Lender and the Person providing such
collateral or other credit support may agree otherwise (as applicable)) promptly following the
earlier to occur of (A) the termination of such Lender’s status as a Defaulting Lender or (B) the
L/C Issuer’s or Swing Line Lender’s (as applicable) good faith determination, (1) in the case of
such Cash Collateral or other credit support provided by or on behalf a Defaulting Lender, that
there remain outstanding no L/C Obligations or Swing Line Loans, as applicable, as to which it has
actual or potential fronting exposure in relation to such Lender as to which it desires to maintain
Cash

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Collateral or other credit support and (2) in the case of such Cash Collateral or other credit
support provided by or on behalf of a Loan Party, that the outstanding L/C Obligations or Swing
Line Loans, as applicable, as to which it has actual or potential fronting exposure in relation to
such Lender are less than the value of such Cash Collateral or other credit support provided (such
release to be provided upon reasonable request from the US Borrower to the Administrative Agent and
only to the extent of the excess amount of Cash Collateral or other credit support provided);
subject, however, to the additional condition that, as to any such collateral or other credit
support provided by or on behalf of a Loan Party, no Default or Event of Default shall then have
occurred and be continuing.

     2.17. Defaulting Lenders. Notwithstanding anything contained in this Agreement to the
contrary, if any Lender becomes a Defaulting Lender, then, until such time as such Lender is no
longer a Defaulting Lender, to the extent permitted by applicable Law:

     (a) Reallocation of Loan Payments. Any payment or prepayment (i) of any portion of
the principal amount of Loans of such Defaulting Lender (whether voluntary or mandatory, at
maturity, pursuant to Article VIII or otherwise) shall be applied, first, to the Loans of other
Lenders as if such Defaulting Lender had no Loans outstanding, until such time as the Outstanding
Amount of Revolving Credit Loans of each Lender shall equal its pro rata share thereof based on its
Applicable Percentage (without giving effect to Section 2.17(c)), ratably to the Lenders in
accordance with their Applicable Percentages of Loans being repaid or prepaid, second, to the then
outstanding amounts (including interest thereon) owed under the terms hereof by such Defaulting
Lender to the Administrative Agent or (to the extent the Administrative Agent has received notice
thereof) to any other Lender, ratably to the Persons entitled thereto, third, to the posting of
Cash Collateral in respect of its Applicable Percentage of L/C Obligations and Swing Line Loans,
ratably to the L/C Issuer and Swing Line Lender in accordance with their respective applicable
fronting exposures, and fourth, the balance, if any, to such Defaulting Lender or as otherwise
directed by a court of competent jurisdiction, and (ii) of any other amounts thereafter received by
the Administrative Agent for the account of such Defaulting Lender (including amounts made
available to the Administrative Agent by such Defaulting Lender pursuant to Section 10.08)
to have been paid to such Defaulting Lender and applied on behalf of such Defaulting Lender, first,
to the liabilities above referred to in item second of clause (i) above, second, to the matters
above referred to in item third of clause (i) above, and third, the balance, if any, to such
Defaulting Lender or as otherwise directed by a court of competent jurisdiction. Any of such
amounts as are reallocated pursuant to this Section 2.17(a) that are payable or paid
(including pursuant to Section 10.08) to such Defaulting Lender shall be deemed paid to
such Defaulting Lender and applied by the Administrative Agent on behalf of such Defaulting Lender,
and each Lender hereby irrevocably consents thereto.

     (b) Certain Fees. Such Defaulting Lender (i) shall not be entitled to receive any
commitment fee on the unused portion of its Commitment pursuant to Section 2.09(a) for any
period during which such Lender is a Defaulting Lender (and the Borrower shall not be required to
pay any such fee that otherwise would have been required to have been paid to such Defaulting
Lender in respect of its unused Commitment) and (ii) shall not be entitled to receive any Letter of
Credit Fees pursuant to Section 2.03(i) for any period during which such Lender is a
Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would
have been required to have been paid to such Defaulting Lender). If any Defaulting

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Lender’s L/C Obligations are neither cash collateralized nor reallocated pursuant to this
Section 2.17, then, without prejudice to any rights or remedies of the L/C Issuer or any
Lender hereunder, all fees payable to such Defaulting Lender under Section 2.03 shall be
payable to the L/C Issuer until such L/C Obligations are cash collateralized or reallocated.

     (c) Reallocation of Applicable Percentages to Reduce Fronting Exposure. During any
period in which there is a Defaulting Lender, for purposes of computing the amount of the
obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of
Credit or Swing Line Loans pursuant to Sections 2.03 and 2.04, the “Applicable
Percentage” of each non-Defaulting Lender shall be computed without giving effect to the Commitment
of such Defaulting Lender in either the numerator or the denominator; provided, that, in
all cases, the obligation of each non-Defaulting Lender to acquire, refinance or fund
participations in Letters of Credit or Swing Line Loans shall not exceed the positive difference,
if any, between (1) the Commitment of such non-Defaulting Lender and (2) the aggregate Outstanding
Amount of the Revolving Credit Loans of such Lender, plus such Lender’s Applicable
Percentage of the Outstanding Amount of all other L/C Obligations (prior to giving effect to such
reallocation), plus such Lender’s Applicable Percentage of the Outstanding Amount of all
other Swing Line Loans (prior to giving effect to such reallocation). For the avoidance of doubt,
this Section 2.17(c) will operate for the benefit of the L/C Issuer and the Swing Line
Lender notwithstanding the fact that a Letter of Credit is issued or a Swing Line Loan is made at
the time that one or more Defaulting Lenders exist hereunder (regardless of whether the L/C Issuer
or the Swing Line Lender has notice thereof). Notwithstanding any provision contained herein to
the contrary, during any period in which a Default or Event of Default has occurred and is
continuing the provisions of this Section 2.17(c) shall not apply.

     A Lender that has become a Defaulting Lender because of an event referenced in the definition
of Defaulting Lender may cure such status and shall no longer constitute a Defaulting Lender as a
result of such event when (i) such Defaulting Lender shall have fully funded or paid, as
applicable, all Loans, participations in respect of Letters of Credit or Swing Line Loans or other
amounts required to be funded or paid by it hereunder as to which it is delinquent (together, in
each case, with such interest thereon as shall be required to any Person as otherwise provided in
this Agreement), (ii) the Administrative Agent and each of the Borrowers shall have received a
certification by such Defaulting Lender of its ability and intent to comply with the provisions of
this Agreement going forward, and (iii) each of (w) the Administrative Agent, (x) the L/C Issuer,
(y) the Swing Line Lender and any other Lender as to which a delinquent obligation was owed, and
(z) the applicable Borrower, shall have determined (and notified the Administrative Agent) that
they are satisfied, in their sole discretion, that such Defaulting Lender intends to continue to
perform its obligations as a Lender hereunder and has all approvals required to enable it, to
continue to perform its obligations as a Lender hereunder. No reference in this subsection to an
event being “cured” shall by itself preclude any claim by any Person against any Lender that
becomes a Defaulting Lender for such damages as may otherwise be available to such Person arising
from any failure to fund or pay any amount when due hereunder or from any other event that gave
rise to such Lender’s status as a Defaulting Lender.

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ARTICLE III.

TAXES, YIELD PROTECTION AND ILLEGALITY

     3.01. Taxes.

     (a) Payments Free of Taxes. Any and all payments by or on behalf of any Loan Party
hereunder or under any other Loan Document shall be made free and clear of and without reduction or
withholding for any Indemnified Taxes or Other Taxes, provided that if any Indemnified
Taxes or Other Taxes are required to be withheld or deducted from such payments (as reasonably
determined in good faith by the applicable withholding agent), then (i) the sum payable by the
applicable Loan Party shall be increased as necessary so that after making all required deductions
(after payment of all Indemnified Taxes) the Administrative Agent, Lender or L/C Issuer, as the
case may be, receives an amount equal to the sum it would have received had no such deductions been
made and (ii) if a Loan Party is the withholding agent, it shall make such deductions and timely
pay the full amount deducted to the relevant Governmental Authority in accordance with applicable
law.

     (b) Payment of Other Taxes by the Borrowers. Without limiting the provisions of
subsection (a) above, the US Borrower and the Dutch Borrower shall timely pay any Other Taxes to
the relevant Governmental Authority in accordance with applicable law.

     (c) Indemnification by the Borrowers. The US Borrower and the Dutch Borrower shall
indemnify the Administrative Agent, each Lender and the L/C Issuer for the full amount of any
Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on
or attributable to amounts payable under this Section) paid by the Administrative Agent, such
Lender or the L/C Issuer, as the case may be, and any penalties and interest arising therefrom or
with respect thereto. A certificate as to the amount of such payment or liability delivered to the
US Borrower or the Dutch Borrower by a Lender or the L/C Issuer (with a copy to the Administrative
Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender or the L/C
Issuer, shall be conclusive absent manifest error.

     (d) Evidence of Payments. As soon as practicable after any payment of Indemnified
Taxes or Other Taxes by any Loan Party to a Governmental Authority, the applicable Loan Party shall
deliver to the Administrative Agent the original or a certified copy of a receipt issued by such
Governmental Authority evidencing such payment, a copy of the return reporting such payment or
other evidence of such payment reasonably satisfactory to the Administrative Agent.

     (e) Status of Lenders. Any Foreign Lender that is entitled to an exemption from or
reduction of withholding tax under the law of the jurisdiction in which the applicable Borrower is
resident for tax purposes, or any treaty to which such jurisdiction is a party, with respect to
payments hereunder or under any other Loan Document shall deliver to the applicable Borrower (with
a copy to the Administrative Agent), at the time or times prescribed by applicable law and
reasonably requested by either of the Borrowers or the Administrative Agent, such properly
completed and executed documentation prescribed by applicable law as will permit such payments to
be made without withholding or at a reduced rate of withholding. In addition, any Lender, if
requested by either of the Borrowers or the Administrative Agent, shall deliver such other
documentation prescribed by applicable law or reasonably requested by such Borrower or

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the Administrative Agent as will enable such Borrower or the Administrative Agent to
determine whether or not such Lender is subject to backup withholding or information reporting
requirements.

     Each Lender that is a “U.S. Person” as defined in section 7701(a)(30) of the Code that has not
otherwise established to the reasonable satisfaction of the applicable Borrower and Administrative
Agent (or, in the case of a Participant purchasing its participation from a Foreign Lender, to the
Lender from which the related participation shall have been purchased) that it is an exempt
recipient (as defined in section 6049(b)(4) of the Code and the regulations thereunder) shall
deliver to the applicable Borrower and Administrative Agent on or prior to the date on which such
Lender becomes a Lender under this Agreement (and from time to time thereafter as prescribed by
applicable law or upon the reasonable request of the applicable Borrower or Administrative Agent),
two duly completed and executed copies of IRS Form W-9.

     Without limiting the generality of the foregoing, in the event that either of the Borrowers is
resident for tax purposes in the United States, any Foreign Lender holding any Loan to the US
Borrower shall deliver to such Borrower and the Administrative Agent on or prior to the date on
which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter
upon the request of either of the Borrowers or the Administrative Agent, but only if such Foreign
Lender is legally entitled to do so), two copies of whichever of the following is applicable or any
subsequent version thereof or successor thereto:

          (i) duly completed and executed copies of IRS Form W-8BEN claiming eligibility for benefits of
an income tax treaty to which the United States is a party,

          (ii) duly completed and executed copies of IRS Form W-8ECI or IRS Form W-8IMY, as applicable,
relating to all payments to be received by such Foreign Lender hereunder or under any other Loan
Document,

          (iii) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio
interest under section 881(c) of the Code, (x) a certificate to the effect that such Foreign Lender
is not (A) a “bank” within the meaning of section 881(c)(3)(A) of the Code, (B) a “10 percent
shareholder” of the Borrowers within the meaning of section 881(c)(3)(B) of the Code, or (C) a
“controlled foreign corporation” described in section 881(c)(3)(C) of the Code and (y) duly
completed copies of IRS Form W-8BEN, or

          (iv) any other form prescribed by applicable law as a basis for claiming exemption from or a
reduction in United States Federal withholding tax duly completed and executed together with such
supplementary documentation as may be prescribed by applicable law to permit the applicable
Borrower to determine the withholding or deduction required to be made.

     In the event that, pursuant to Section 10.06(d), a Participant is claiming the
benefits of this Section 3.01, such Participant shall provide the forms required above, as
if it were a Lender, to the Lender from which the related participation was purchased, and if such
Lender is a Foreign Lender, such Lender shall, promptly upon receipt thereof (but in no event later
than the next scheduled payment under this Agreement) (i) forward such documentation to the
applicable

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Borrower and the Administrative Agent, together with two duly completed and executed copies of
IRS Form W-8IMY, or (ii) provide the applicable Borrower and the Administrative Agent with two duly
completed and executed copies of IRS Form W-8IMY certifying that such Lender is a “qualified
intermediary.”

     Without limiting the obligations of the Lenders set forth above regarding delivery of certain
forms and documents to establish each Lender’s status for U.S. withholding tax purposes (which, for
the avoidance of doubt, includes any documentation necessary to prevent withholding under Sections
1471 or 1472 of the Code), each Lender agrees promptly to deliver to the Administrative Agent or
the Borrowers, as the Administrative Agent or the Borrowers shall reasonably request, on or prior
to the Closing Date, and in a timely fashion thereafter (including upon the expiration or
obsolescence of any such forms or documents and promptly after the occurrence of any event
requiring a change from the most recent forms previously delivered), such other documents and forms
as would reduce or avoid any Indemnified Taxes in respect of all payments to be made to such Lender
outside of the U.S. by the Borrowers pursuant to this Agreement or otherwise to establish such
Lender’s status for withholding tax purposes in such other jurisdiction. Each Lender shall
promptly (i) notify the Administrative Agent of any change in circumstances which would modify or
render invalid any such claimed exemption or reduction, and (ii) take such steps as shall not be
materially disadvantageous to it (including the re-designation of its Lending Office) to avoid any
requirement of applicable Laws of any such jurisdiction that the Borrowers make any deduction or
withholding for taxes from amounts payable to such Lender.

     (f) Treatment of Certain Refunds. If the Administrative Agent, any Lender or the L/C
Issuer receives a refund with respect to Indemnified Taxes or Other Taxes paid by either of the
Borrowers, which in the sole discretion and good faith judgment of such Administrative Agent,
Lender or L/C Issuer is allocable to such payment, it shall promptly pay such refund to the extent
allocable to payment of Indemnified Taxes or Other Taxes to such Borrower, net of all out-of-pocket
expenses of such Administrative Agent, Lender or L/C Issuer incurred in obtaining such refund;
provided, however, that each of the Borrowers agrees to promptly return such amount, net of any
incremental additional costs, to the applicable Administrative Agent, Lender or L/C Issuer, as the
case may be, if it receives notice from the applicable Administrative Agent, Lender or L/C Issuer
that such Administrative Agent, Lender or L/C Issuer is required to repay such refund. This
subsection shall not be construed to require the Administrative Agent, any Lender or the L/C Issuer
to make available its tax returns (or any other information relating to its taxes that it deems
confidential) to either of the Borrowers or any other Person.

     3.02. Illegality. If any Lender determines that as a result of any Change in Law it becomes
unlawful, or that any Governmental Authority asserts that it is unlawful, for any Lender or its
applicable Lending Office to make, maintain or fund Eurocurrency Rate Loans (whether denominated in
Dollars or an Alternative Currency), or to determine or charge interest rates based upon the
Eurocurrency Rate, or any Governmental Authority has imposed material restrictions on the authority
of such Lender to purchase or sell, or to take deposits of, Dollars or any Alternative Currency in
the applicable interbank market, then, on notice thereof by such Lender to each of the Borrowers
through the Administrative Agent, any obligation of such Lender to make or continue Eurocurrency
Rate Loans in the affected currency or currencies or,
in the case of Eurocurrency Rate Loans in Dollars, to convert Base Rate Loan to Eurocurrency

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Rate Loans, shall be suspended until such Lender notifies the Administrative Agent and each of the
Borrowers that the circumstances giving rise to such determination no longer exist. Upon receipt
of such notice, each of the Borrowers shall, upon demand from such Lender (with a copy to the
Administrative Agent), prepay or, if applicable and such Loans are denominated in Dollars, convert
all such Eurocurrency Rate Loans of such Lender to Base Rate Loans, either on the last day of the
Interest Period therefor, if such Lender may lawfully continue to maintain such Eurocurrency Rate
Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such
Eurocurrency Rate Loans. Upon any such prepayment or conversion, the applicable Borrower shall
also pay accrued interest on the amount so prepaid or converted.

     3.03. Inability to Determine Rates. If the Required Lenders determine that for any reason in
connection with any request for a Eurocurrency Rate Loan or a conversion to or continuation thereof
that (a) adequate and reasonable means do not exist for determining the Eurocurrency Base Rate for
any requested Interest Period with respect to a proposed Eurocurrency Rate Loan (whether
denominated in Dollars or an Alternative Currency), or (b) the Eurocurrency Base Rate for any
requested Interest Period with respect to a proposed Eurocurrency Rate Loan does not adequately and
fairly reflect the cost to such Lenders of funding such Eurocurrency Rate Loan, the Administrative
Agent will promptly so notify each of the Borrowers and each Lender. Thereafter, the obligation of
the Lenders to make or maintain Eurocurrency Rate Loans in the affected currency or currencies
shall be suspended until the Administrative Agent (upon the instruction of the Required Lenders)
revokes such notice. Upon receipt of such notice, the applicable Borrower may revoke any pending
request for a Borrowing of, conversion to or continuation of Eurocurrency Rate Loans in the
affected currency or currencies or, failing that, will be deemed to have converted such request
into a request for a Borrowing of Base Rate Loans in the amount specified therein.

     3.04. Increased Costs; Reserves on Eurocurrency Rate Loans.

     (a) Increased Costs Generally. If any Change in Law shall:

          (i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance
charge or similar requirement against assets of, deposits with or for the account of, or credit
extended or participated in by, any Lender (except (A) any reserve requirement reflected in the
Eurocurrency Rate contemplated by Section 3.04(e) and (B) the requirements of the Bank of
England and the Financial Services Authority or the European Central Bank reflected in the
Mandatory Cost, other than as set forth below) or the L/C Issuer;

          (ii) impose on any Lender or the L/C Issuer or the London interbank market any other
condition, cost or expense affecting this Agreement or Eurocurrency Rate Loans made by such Lender
or any Letter of Credit or participation therein;

          (iii) the result of any of the foregoing shall be to increase the cost to such Lender of
making or maintaining any Eurocurrency Rate Loan (or of maintaining its obligation to make any such
Loan), or to increase the cost to such Lender or the L/C Issuer of participating in, issuing or
maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue
any Letter of Credit), or to reduce the amount of any sum received or receivable by
such Lender or the L/C Issuer hereunder (whether of principal, interest or any other amount)

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then, upon written request of such Lender or the L/C Issuer, the applicable Borrower will pay to
such Lender or the L/C Issuer, as the case may be, such additional amount or amounts as will
compensate such Lender or the L/C Issuer, as the case may be, for such additional costs incurred or
reduction suffered; provided that before making any such demand, each Lender agrees to use
reasonable efforts (consistent with its internal policy and legal and regulatory restrictions and
so long as such efforts would not be disadvantageous to it, in its reasonable discretion, in any
legal, economic or regulatory manner) to designate a different Eurocurrency lending office if the
making of such designation would allow the Lender or its Eurocurrency lending office to continue to
perform its obligation to make Eurocurrency Rate Loans or to continue to fund or maintain
Eurocurrency Rate Loans and avoid the need for, or reduce the amount of, such increased cost.

     (b) Capital Requirements. If any Lender or the L/C Issuer determines that any Change
in Law affecting such Lender or the L/C Issuer or any Lending Office of such Lender or such
Lender’s or the L/C Issuer’s holding company, if any, regarding capital requirements has the effect
of reducing the rate of return on such Lender’s or the L/C Issuer’s capital or on the capital of
such Lender’s or the L/C Issuer’s holding company, if any, as a consequence of this Agreement, the
Commitments of such Lender or the Loans made by, or participations in Letters of Credit held by,
such Lender, or the Letters of Credit issued by the L/C Issuer, to a level below that which such
Lender or the L/C Issuer or such Lender’s or the L/C Issuer’s holding company could have achieved
but for such Change in Law (taking into consideration such Lender’s or the L/C Issuer’s policies
and the policies of such Lender’s or the L/C Issuer’s holding company with respect to capital
adequacy), then from time to time, after submission to either of the Borrowers (with a copy to the
Administrative Agent) of a written request therefor, the applicable Borrower will pay to such
Lender or the L/C Issuer, as the case may be, such additional amount or amounts as will compensate
such Lender or the L/C Issuer or such Lender’s or the L/C Issuer’s holding company for any such
reduction suffered.

     (c) Certificates for Reimbursement. A certificate of a Lender or the L/C Issuer
setting forth the amount or amounts necessary to compensate such Lender or the L/C Issuer or its
holding company, as the case may be, as specified in subsection (a) or (b) of this Section,
describing the basis therefor and showing the calculation thereof in reasonable detail, and
delivered to either of the Borrowers shall be conclusive, absent manifest error. The applicable
Borrower shall pay such Lender or the L/C Issuer, as the case may be, the amount shown as due on
any such certificate within 30 days after receipt thereof.

     (d) Delay in Requests. Failure or delay on the part of any Lender or the L/C Issuer
to demand compensation pursuant to the foregoing provisions of this Section shall not constitute a
waiver of such Lender’s or the L/C Issuer’s right to demand such compensation, provided
that the applicable Borrower shall not be required to compensate a Lender or the L/C Issuer
pursuant to the foregoing provisions of this Section for any increased costs incurred or reductions
suffered more than 90 days prior to the date that such Lender or the L/C Issuer, as the case may
be, notifies the applicable Borrower of the Change in Law giving rise to such increased costs or
reductions and of such Lender’s or the L/C Issuer’s intention to claim compensation therefor
(except that, if the Change in Law giving rise to such increased costs or reductions is
retroactive,
then the 90-day period referred to above shall be extended to include the period of
retroactive effect thereof).

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     (e) Additional Reserve Requirements. The applicable Borrower shall pay to each
Lender, (i) as long as such Lender shall be required to maintain reserves with respect to
liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as
“Eurocurrency liabilities”), additional interest on the unpaid principal amount of
each Eurocurrency Rate Loan equal to the actual costs of such reserves allocated to such Loan by
such Lender (as determined by such Lender in good faith, which determination shall be conclusive,
absent manifest error), and (ii) as long as such Lender shall be required to comply with any
reserve ratio requirement or analogous requirement of any other central banking or financial
regulatory authority imposed in respect of the maintenance of the Commitments or the funding of the
Eurocurrency Rate Loans, such additional costs (expressed as a percentage per annum and rounded
upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to
such Commitment or Loan by such Lender (as determined by such Lender in good faith, which
determination shall be conclusive, absent manifest error), which in each case shall be due and
payable on each date on which interest is payable on such Loan, provided the applicable
Borrower shall have received at least 10 Business Days’ prior notice (with a copy to the
Administrative Agent) of such additional interest or costs from such Lender describing the basis
therefor and showing the calculation thereof in reasonable detail. If a Lender fails to give
notice 10 Business Days prior to the relevant Interest Payment Date, such additional interest or
costs shall be due and payable within 30 days from receipt of such notice.

     (f) Certain Rules Relating to the Payment of Additional Amounts. (1) If any Lender
requests compensation pursuant to this Section 3.04, or either of the Borrowers is required
to pay any additional amount to any Lender or any Governmental Authority for the account of any
Lender pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section
3.02, such Lender shall either (A) forego payment of such additional amount from such Borrower
or (B) reasonably afford such Borrower the opportunity to contest, and reasonably cooperate with
such Borrower in contesting, the imposition of any Indemnified Taxes or Other Taxes or other
amounts giving rise to such payment; provided that such Borrower shall reimburse such
Lender for its reasonable out-of-pocket costs, including attorneys’ and accountants’ fees and
disbursements incurred in so cooperating with such Borrower in contesting the imposition of such
Indemnified Taxes or Other Taxes or other amounts.

     3.05. Compensation for Losses. Upon demand of any Lender (with a copy to the Administrative
Agent) from time to time, each of the Borrowers shall promptly compensate such Lender for and hold
such Lender harmless from any loss, cost or expense incurred by it as a result of:

     (a) any continuation, conversion, payment or prepayment of any Loan other than a Base Rate
Loan on a day other than the last day of the Interest Period for such Loan (whether voluntary,
mandatory, automatic, by reason of acceleration, or otherwise);

     (b) any failure by such Borrower (for a reason other than the failure of such Lender to make a
Loan) to prepay, borrow, continue or convert any Loan other than a Base Rate Loan on the date or in
the amount notified by such Borrower;

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     (c) any failure by such Borrower to make payment of any Loan or drawing under any Letter
of Credit (or interest due thereon) denominated in an Alternative Currency on its scheduled due
date or any payment thereof in a different currency; or

     (d) any assignment of a Eurocurrency Rate Loan on a day other than the last day of the
Interest Period therefor as a result of a request by the Borrowers pursuant to Section
10.13;

including any foreign exchange losses and any loss or expense arising from the liquidation or
reemployment of funds obtained by it to maintain such Loan, from fees payable to terminate the
deposits from which such funds were obtained or from the performance of any foreign exchange
contract, but excluding any loss of anticipated profits. Each of the Borrowers shall also pay any
customary administrative fees charged by such Lender in connection with the foregoing.

     For purposes of calculating amounts payable by either of the Borrowers to the Lenders under
this Section 3.05, each Lender shall be deemed to have funded each Eurocurrency Rate Loan
made by it at the Eurocurrency Rate used in determining the Eurocurrency Rate for such Loan by a
matching deposit or other borrowing in the offshore interbank market for such currency for a
comparable amount and for a comparable period, whether or not such Eurocurrency Rate Loan was in
fact so funded.

     3.06. Mitigation Obligations; Replacement of Lenders.

     (a) Designation of a Different Lending Office. If any Lender requests compensation
under Section 3.04, or either of the Borrowers is required to pay any additional amount to
any Lender or any Governmental Authority for the account of any Lender pursuant to Section
3.01, or if any Lender gives a notice pursuant to Section 3.02, then such Lender shall
use reasonable efforts to designate a different Lending Office for funding or booking its Loans
hereunder or to assign its rights and obligations hereunder to another of its offices, branches or
affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate
or reduce amounts payable pursuant to Section 3.01 or 3.04, as the case may be, in
the future, or eliminate the need for the notice pursuant to Section 3.02, as applicable,
and (ii) in each case, would not subject such Lender to any unreimbursed cost or expense and would
not otherwise be disadvantageous to such Lender. Each of the Borrowers hereby agrees to pay all
reasonable costs and expenses incurred by any Lender in connection with any such designation or
assignment.

     (b) Replacement of Lenders. If any Lender requests compensation under Section
3.04, if either of the Borrowers is required to pay any additional amount to any Lender or any
Governmental Authority for the account of any Lender pursuant to Section 3.01, if any
Lender gives a notice pursuant to Section 3.02 or if any Lender is at such time a
Defaulting Lender, then such Borrower may replace such Lender in accordance with Section
10.13.

     3.07. Survival. Each of the Borrowers’ obligations under this Article III shall
survive termination of the Aggregate Commitments and repayment of all other Obligations hereunder.

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ARTICLE IV.

CONDITIONS PRECEDENT

     4.01. Closing Date. The effectiveness of this Agreement is subject to satisfaction of the
following conditions precedent:

     (a) The Administrative Agent’s receipt of the following, each of which shall be (w) originals,
telecopies or electronic copies (followed promptly by originals), (x) properly executed by a duly
authorized officer of the signing Loan Party, if and as applicable, (y) dated on or before the
Closing Date (or, in the case of certificates of governmental officials, a recent date before the
Closing Date) and (z) in form and substance reasonably satisfactory to the Administrative Agent:

          (i) executed counterparts of this Agreement from the parties thereto and of the US Subsidiary
Guaranty from each of the US Subsidiary Guarantors;

          (ii) Notes executed by the US Borrower in favor of each Lender requesting Notes;

          (iii) such certificates of resolutions or other action, incumbency certificates and/or other
certificates of duly authorized officers of the Dutch Borrower and each US Loan Party as the
Administrative Agent may reasonably require evidencing the identity, authority and capacity of each
officer of the Dutch Borrower and each US Loan Party executing the Loan Documents to which the
Dutch Borrower and each US Loan Party is a party;

          (iv) such documents and certifications as the Administrative Agent may reasonably require to
evidence that the Dutch Borrower and each US Loan Party is duly organized or formed, and that each
Loan Party is validly existing, in good standing and qualified to engage in business in each
jurisdiction where its ownership, lease or operation of properties or the conduct of its business
requires such qualification, except to the extent that failure to do so could not reasonably be
expected to have a Material Adverse Effect;

          (v) the executed opinion of Simpson Thacher & Bartlett LLP, counsel to the US Borrower and
special New York counsel to the other US Loan Parties, addressed to the Administrative Agent and
each Lender, as to the matters set forth in Exhibit H-1;

          (vi) the executed opinion of in-house counsel to the other Loan Parties, addressed to the
Administrative Agent and each Lender, as to the matters set forth in Exhibit H-2;

          (vii) the executed opinion of Baker & McKenzie Amsterdam N.V., special counsel to the Dutch
Borrower, addressed to the Administrative Agent and each Lender, as to the matters set forth in
Exhibit H-3;

          (viii) a certificate of a Responsible Officer either (A) attaching copies of all consents,
licenses and approvals required in connection with the execution, delivery and performance by each
Loan Party and the validity against such Loan Party of the Loan
Documents to which it is a party, and such consents, licenses and approvals shall be in full
force and effect or (B) stating that no such consents, licenses or approvals are so required;

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          (ix) for the US Borrower and its Subsidiaries, Audited Financial Statements for the fiscal
year ended December 31, 2009 and unaudited quarterly statements for each fiscal quarter of 2010
ended at least 45 days prior to the Closing Date and financial projections through the fiscal year
2014;

          (x) a certificate signed by a Responsible Officer of each of the US Borrower and the Dutch
Borrower certifying (A) that the conditions specified in Section 4.03(a) and (b)
have been satisfied, and (B) that there has not occurred since December 31, 2009, a material
adverse change in the business, assets, operations or financial condition of the US Borrower and
its Restricted Subsidiaries or the Dutch Borrower and its Restricted Subsidiaries, as applicable,
in each case, taken as a whole;

          (xi) evidence that each of the Fee Letters has been executed and delivered to the applicable
Arranger; and

          (xii) such other assurances, certificates and documents as the Administrative Agent reasonably
may require.

     (b) The Administrative Agent shall have received satisfactory evidence that all amounts
payable in respect of the Existing Credit Agreement outstanding on the Closing Date (including all
accrued and unpaid interest, fees, expenses, breakage fees and related costs and expenses payable
under the Existing Credit Agreement in respect of the period prior to the Closing Date) shall have
been paid in full and all commitments thereunder have been terminated, except with respect to the
Existing Letters of Credit which shall be converted into L/C Obligations hereunder.

     (c) Any fees required to be paid on or before the Closing Date to the Administrative Agent,
the Arrangers or the Lenders shall have been paid and, unless waived by the Administrative Agent,
the Arrangers or the Lenders, as applicable, and to the extent invoiced at least two Business Days
prior to the Closing Date, the Borrowers shall have paid all reasonable and documented expenses of
the Arrangers or the Lenders (including the reasonable and documented fees and expenses of counsel
to the Administrative Agent, plus such additional amounts of such reasonable and documented
fees and expenses as shall constitute its reasonable estimate of such fees and expenses incurred or
to be incurred by it through the closing proceedings (provided that such estimate shall not
thereafter preclude a final settling of accounts between the Borrowers and the Administrative
Agent).

     (d) The Closing Date shall have occurred on or before July 31, 2010.

     Without limiting the generality of the provisions of Section 9.04, for purposes of
determining compliance with the conditions specified in this Section 4.01, each Lender that
has signed this Agreement shall be deemed to have consented to, approved or accepted or to be
satisfied with, each document or other matter required thereunder to be consented to or approved
by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received
notice from such Lender prior to the proposed Closing Date specifying its objection thereto.

     4.02. Conditions to Initial Extension of Credit under Dutch Borrower Revolving Credit
Facility. The obligation of each Dutch Borrower Revolving Credit Lender to honor the

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initial Request for Extension of Credit with respect to the Dutch Borrower Revolving Credit Facility is
subject to the satisfaction of the conditions set forth in Sections 4.01 and 4.03
and the following conditions precedent:

     (a) The Administrative Agent’s receipt of the following, each of which shall be (w) originals,
telecopies or electronic copies (followed promptly by originals if requested by the Administrative
Agent), (x) properly executed by a duly authorized officer of the signing Loan Party, if and as
applicable, (y) dated on or after Closing Date (or, in the case of certificates of governmental
officials, a recent date before the Closing Date) and (z) in form and substance reasonably
satisfactory to the Administrative Agent:

          (i) executed counterparts of the Dutch Facility Guaranty substantially in the form of
Exhibit G executed by all Dutch Facility Guarantors required under Section
4.02(a)(iii);

          (ii) Notes executed by the Dutch Borrower in favor of each Lender requesting Notes;

          (iii) the Dutch Facility Guarantors shall include each of the entities listed on Schedule
1.01(c) plus any other Subsidiaries of the US Borrower that, as of the Dutch Facility Closing
Date, qualify as Dutch Facility Guarantors; provided that (A) if, between the Closing Date
and the Dutch Facility Closing Date any Foreign Subsidiary of the US Borrower listed on
Schedule 1.01(c) ceases to qualify as a Dutch Facility Guarantor, then such Foreign
Subsidiary shall not be a Dutch Facility Guarantor as of the Dutch Facility Closing Date, and (B)
if the Administrative Agent determines in its reasonable discretion (based on information
reasonably requested from the Borrowers or otherwise obtained by Administrative Agent) that the
credit support provided by the other Foreign Subsidiaries listed on Schedule 1.01(c) as of
the Dutch Facility Closing Date is materially weaker in the aggregate than the credit support that
would have been provided by the Foreign Subsidiaries listed on Schedule 1.01(c) calculated
as of the Closing Date, if the Dutch Facility Guaranty had been entered into on the Closing Date,
then the Borrowers shall cause one or more Foreign Subsidiaries, as agreed with the Administrative
Agent, to become Dutch Facility Guarantors by executing the Dutch Facility Guaranty on the Dutch
Facility Closing Date so that the credit support provided by all Foreign Subsidiaries executing the
Dutch Facility Guaranty as of the Dutch Facility Closing Date immediately after giving effect to
such additional Foreign Subsidiaries becoming Dutch Facility Guarantors is not materially weaker in
the aggregate (as determined by the Administrative Agent in its reasonable discretion) than the
credit support that would have been provided by the Foreign Subsidiaries listed on Schedule
1.01(c) calculated as of the Closing Date, if the Dutch Facility Guaranty had been entered into
on the Closing Date.

          (iv) such certificates of resolutions or other action, incumbency certificates and/or other
certificates of duly authorized officers of each Foreign Loan Party as the Administrative Agent may
reasonably require evidencing the identity, authority and capacity of
each officer of a Foreign Loan Party executing the Loan Documents to which such Foreign Loan
Party is a party;

          (v) such documents and certifications as the Administrative Agent may reasonably require to
evidence that each Foreign Loan Party is duly organized or formed, and

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that each Foreign Loan Party
is validly existing, in good standing and qualified to engage in business in each jurisdiction
where its ownership, lease or operation of properties or the conduct of its business requires such
qualification, except to the extent that failure to do so could not reasonably be expected to have
a Material Adverse Effect (it being understood that the Administrative Agent shall not require any
such documents or certifications which are not reasonably available under applicable law to any
such Foreign Loan Party using commercially reasonable efforts);

          (vi) the executed opinion of Simpson Thacher & Bartlett LLP, special New York counsel to the
Dutch Facility Guarantors, addressed to the Administrative Agent and each Lender, covering the
legality, binding effect and enforceability of the Dutch Facility Guaranty and substantially all of
the matters included in the opinion delivered by Simpson Thacher & Bartlett LLP on the Closing Date
pursuant to Section 4.01(a)(v) hereof, all in form, content and scope reasonably satisfactory to
the Administrative Agent; and

          (vii) the executed opinions of special counsel to each Dutch Facility Guarantor in the
applicable jurisdiction of such Dutch Facility Guarantor addressed to the Administrative Agent and
each Lender, covering customary matters with respect to such Dutch Facility Guarantors and the
Dutch Facility Guaranty and related issues, all in form, content and scope reasonably satisfactory
to the Administrative Agent.

     Without limiting the generality of the provisions of Section 9.04, for purposes of
determining compliance with the conditions specified in this Section 4.02, each Lender that
has signed this Agreement shall be deemed to have consented to, approved or accepted or to be
satisfied with, each document or other matter required thereunder to be consented to or approved by
or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received
notice from such Lender prior to the initial extension of credit from the Dutch Borrower Revolving
Credit Facility specifying its objection thereto.

     4.03. Conditions to all Credit Extensions. The obligation of each Lender to honor any Request
for Credit Extension (other than a Borrowing Notice requesting only a conversion of Term Loans or
Revolving Credit Loans to the other Type or a continuation of Eurocurrency Rate Loans) is subject
to the following conditions precedent:

     (a) The representations and warranties of (i) the Borrowers contained in Article V and
(ii) each Loan Party contained in each other Loan Document or in any document required to be
furnished at any time thereunder, shall be true and correct in all material respects on and as of
the date of such Credit Extension, except to the extent that such representations and warranties
specifically refer to an earlier date, in which case they shall be true and correct in all material
respects as of such earlier date, and except that for purposes of this Section 4.03, the
representations and warranties contained in subsections (a) and (b) of Section 5.05 shall
be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b),
respectively, of Section 6.01.

     (b) No Default or Event of Default shall exist, or would result from such proposed Credit
Extension or the application of the proceeds thereof.

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     (c) The Administrative Agent and, if applicable, the L/C Issuer or the Swing Line Lender shall
have received a Request for Credit Extension in accordance with the requirements hereof.

     (d) In the case of a Credit Extension to be denominated in an Alternative Currency, there
shall not have occurred any Change in Law which in the reasonable opinion of the Administrative
Agent, the Required Lenders (in the case of any Loans to be denominated in an Alternative Currency)
or the L/C Issuer (in the case of any Letter of Credit to be denominated in an Alternative
Currency) would prohibit such Credit Extension to be denominated in the relevant Alternative
Currency.

     Each Request for Credit Extension (other than a Borrowing Notice requesting only a conversion
of Term Loans or Revolving Credit Loans to the other Type or a continuation of Eurocurrency Rate
Loans) submitted by the applicable Borrower shall be deemed to be a representation and warranty
that the conditions specified in Section 4.03(a) and (b) have been satisfied on and
as of the date of the applicable Credit Extension.

ARTICLE V.

REPRESENTATIONS AND WARRANTIES

     The US Borrower and the Dutch Borrower severally represent and warrant to the Administrative
Agent and the Lenders that:

     5.01. Existence, Qualification and Power. Each Loan Party (a) (i) is duly organized or formed
and validly existing and (ii) is in good standing under the Laws of the jurisdiction of its
incorporation or organization, if such legal concept is applicable in such jurisdiction, (b) has
all requisite power and authority and all requisite governmental licenses, authorizations, consents
and approvals to (i) own or lease its assets and carry on its business and (ii) execute, deliver
and perform its obligations under the Loan Documents to which it is a party, and (c) is duly
qualified and is licensed, and each of the US Borrower and the Dutch Borrower is in good standing
(to the extent good standing is an applicable legal concept in the relevant jurisdiction), under
the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct
of its business requires such qualification or license; except in each case referred to in clause
(a)(ii), (b)(i) or (c), to the extent that failure to do so could not reasonably be expected to
have a Material Adverse Effect.

     5.02. Authorization; No Contravention. The execution, delivery and performance by each Loan
Party of each Loan Document to which such Person is a party, (a) have been duly authorized by all
necessary corporate or other organizational action and (b) do not and will not (i) contravene the
terms of any of such Person’s Organization Documents; (ii) conflict with or result in any breach or
contravention of, or the creation of any Lien (except for any Liens that
may arise under the Loan Documents) under, or require any payment to be made under (A) any
Contractual Obligation to which such Person is a party or affecting such Person or the properties
of such Person or any of its Subsidiaries or (B) any order, injunction, writ or decree of any
Governmental Authority or any arbitral award to which such Person or its property is subject; or
(iii) violate any Law, except in each case referred to in clause (b)(ii) or (b)(iii) to the extent
that failure to do so could not reasonably be expected to have a Material Adverse Effect.

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     5.03. Governmental Authorization. (a) No approval, consent, exemption, authorization, or
other action by, or notice to, or filing with, any Governmental Authority and (b) no material
approval, consent, exemption, authorization, or other action by, or notice to, or filing with any
other Person, in each case, is necessary or required in connection with the execution, delivery or
performance by, or enforcement against, any Loan Party of this Agreement or any other Loan
Document, except for those approvals, consents, exemptions, authorizations or other actions which
have already been obtained, taken, given or made and are in full force and effect.

     5.04. Binding Effect. This Agreement has been, and each other Loan Document, when delivered
hereunder, will have been, duly executed and delivered by each Loan Party that is party thereto.
This Agreement constitutes, and each other Loan Document when so delivered will constitute, a
legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is
party thereto in accordance with its terms, subject to applicable bankruptcy, insolvency,
fraudulent conveyance, reorganization, moratorium and other Laws relating to or affecting
creditors’ rights generally, general principles of equity, regardless of whether considered in a
proceeding in equity or at law and an implied covenant of good faith and fair dealing.

     5.05. Financial Statements; No Material Adverse Effect.

     (a) The Audited Financial Statements–2009 of the US Borrower and its Subsidiaries (i) were
prepared in accordance with GAAP consistently applied throughout the period covered thereby, except
as otherwise expressly noted therein; and (ii) fairly present in all material respects the
financial condition of the US Borrower and its Subsidiaries as of the date thereof and their
results of operations for the period covered thereby in accordance with GAAP consistently applied
throughout the period covered thereby, except as otherwise expressly noted therein.

     (b) The unaudited consolidated balance sheet of the US Borrower and its Subsidiaries dated
March 31, 2010 and the related consolidated statements of income or operations, shareholders’
equity and cash flows for the fiscal quarter ended on that date (i) were prepared in accordance
with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly
noted therein, and (ii) fairly present in all material respects the financial condition of the US
Borrower and its Subsidiaries as of the date thereof and their results of operations for the period
covered thereby, subject, in the case of clauses (i) and (ii), to the absence of footnotes and to
normal year-end audit adjustments.

     (c) Since the date of the Audited Financial Statements–2009, there has been no event or
circumstance, either individually or in the aggregate, that has had or could reasonably be expected
to have a Material Adverse Effect.

     (d) The financial projections delivered pursuant to Section 4.01(a)(ix) were prepared
in good faith on the basis of the assumptions stated therein, which assumptions were believed to be
reasonable in light of the conditions existing at the time of delivery of such forecasts (it being
understood that any such information is subject to significant uncertainties and contingencies,
many of which are beyond the US Borrower’s control, and that no assurance can be given that the
future developments addressed in such information can be realized).

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     5.06. Litigation. There are no actions, suits, proceedings, claims or disputes pending or, to
the knowledge of the US Borrower or the Dutch Borrower threatened, at law, in equity, by or before
any Governmental Authority, by or against the US Borrower or any of its Restricted Subsidiaries or
against any of their properties or revenues that (a) purport to affect or pertain to this Agreement
or any other Loan Document, or any of the transactions contemplated hereby, or (b) except as
specifically disclosed in public filings prior to the date hereof, as to which there is a
reasonable possibility of an adverse determination and that could reasonably be expected to have a
Material Adverse Effect.

     5.07. No Default. Neither the US Borrower, the Dutch Borrower nor any of their respective
Restricted Subsidiaries is in default under or with respect to any Contractual Obligation that
could reasonably be expected to have a Material Adverse Effect. No Default has occurred and is
continuing or would result from the consummation of the transactions contemplated by this Agreement
or any other Loan Document.

     5.08. Ownership of Property. The US Borrower, the Dutch Borrower and each of their respective
Restricted Subsidiaries has 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 its business, except
for such defects in title as could not reasonably be expected to have a Material Adverse Effect.

     5.09. Environmental Compliance. Except as disclosed in the US Borrower’s most recent annual
and quarterly reports filed with the SEC or on Schedule 5.09, or as otherwise could not
reasonably be expected to have a Material Adverse Effect:

     (a) The facilities and properties currently or formerly owned, leased or operated by the US
Borrower, the Dutch Borrower or any of their respective Restricted Subsidiaries (the
“Properties”) do not contain, and have not previously contained, any Hazardous Materials in
amounts or concentrations which (i) constitute or constituted a violation of, or (ii) could
reasonably be expected to give rise to liability under, any applicable Environmental Law.

     (b) None of the US Borrower, the Dutch Borrower nor any of their respective Restricted
Subsidiaries has received any notice of violation, alleged violation, non-compliance, liability or
potential liability regarding environmental matters or compliance with Environmental Laws with
regard to any of the Properties or the business operated by the US Borrower, the Dutch Borrower or
any of its Restricted Subsidiaries (the “Business”), or any prior business for which the US
Borrower or the Dutch Borrower has retained liability under any Environmental Law.

     (c) Hazardous Materials have not been transported or disposed of from the Properties in
violation of, or in a manner or to a location which could reasonably be expected to give rise to
liability under, any applicable Environmental Law, nor have any Hazardous Materials been generated,
treated, stored or disposed of at, on or under any of the Properties in violation of, or in a
manner that could reasonably be expected to give rise to liability under, any applicable
Environmental Law.

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     (d) No judicial proceeding or governmental or administrative action is pending or, to the
knowledge of the US Borrower or the Dutch Borrower, threatened under any Environmental Law to which
the US Borrower, the Dutch Borrower or any of their respective Restricted Subsidiaries is or, to
the knowledge of the US Borrower or the Dutch Borrower, will be named as a party or with respect to
the Properties or the Business, nor are there any consent decrees or other decrees, consent orders,
administrative orders or other orders, or other similar administrative or judicial requirements
outstanding under any Environmental Law with respect to the Properties or the Business.

     (e) There has been no release or threat of release of Hazardous Materials at or from the
Properties, or arising from or related to the operations of the US Borrower, the Dutch Borrower or
any of their respective Restricted Subsidiaries in connection with the Properties or otherwise in
connection with the Business, in violation of or in amounts or in a manner that could reasonably be
expected to give rise to liability under any applicable Environmental Laws.

     (f) The Properties and all operations at the Properties are in compliance with all applicable
Environmental Laws.

     (g) The US Borrower, the Dutch Borrower and each of their respective Restricted Subsidiaries
has obtained, and is in compliance with, all Environmental Permits required for the conduct of its
businesses and operations, and the ownership, occupation, operation and use of its Property, and
all such Environmental Permits are in full force and effect.

     5.10. Insurance. The properties of the US Borrower and its Subsidiaries are insured with
financially sound and reputable insurance companies which may be Affiliates of the US Borrower, in
such amounts (after giving effect to any self-insurance compatible with the following standards),
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 US Borrower or the
applicable Subsidiary operates.

     5.11. Taxes. Each of the Borrowers and its Subsidiaries have filed all applicable US Federal,
state, foreign and other material tax returns and reports required to be filed, and have paid all
US Federal, state, foreign 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
(other than those which are being contested in good faith by appropriate proceedings diligently
conducted and for which adequate reserves have been provided in accordance with GAAP), except where
failure to do any of the foregoing could not reasonably be expected to result in a Material Adverse
Effect; no material tax Lien has been filed
and, to the knowledge of the US Borrower or the Dutch Borrower, no material claim is being
asserted, with respect to any material tax, fee or other charge.

     5.12. ERISA Compliance. Except as could not reasonably be expected, individually or in the
aggregate, to have a Material Adverse Effect:

     (a) Each Plan is in material compliance in all respects with the applicable provisions of
ERISA, the Code and other Federal or state Laws (except that with respect to any Multiemployer Plan
which is a Plan, such representation is deemed made only to the knowledge

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of the US Borrower), and
each Foreign Plan is in material compliance in all respects with the applicable provisions of Laws
applicable to such Foreign Plan.

     (b) There has been no nonexempt “prohibited transaction” (as defined in Section 406 of ERISA)
or violation of the fiduciary responsibility rules with respect to any Plan.

     (c) (i) No ERISA Event has occurred or is reasonably expected to occur; (ii) no Pension Plan
has any Unfunded Pension Liability; and (iii) neither the US Borrower nor any ERISA Affiliate has
engaged in a transaction that could be subject to Section 4069 or 4212(c) of ERISA.

     5.13. Subsidiaries. As of the Closing Date, the US Borrower has no Subsidiaries other than
those specifically disclosed in Schedule 5.13.

     5.14. Margin Regulations; Investment Company Act.

     (a) The US Borrower is not engaged and will not engage, principally or as one of its important
activities, in the business of purchasing or carrying margin stock (within the meaning of
Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying
margin stock. Following the application of the proceeds of each Borrowing or drawing under each
Letter of Credit, not more than 25% of the value of the assets (either of the US Borrower only or
of the US Borrower and its Subsidiaries on a consolidated basis) subject to the provisions of
Section 7.01, Section 7.04 or Section 7.05 or subject to any restriction
contained in any agreement or instrument between the US Borrower and any Lender or any Affiliate of
any Lender relating to Indebtedness and within the scope of Section 8.01(e) will be margin
stock.

     (b) None of the US Borrower, any Person Controlling the US Borrower, or any Restricted
Subsidiary is or is required to be registered as an “investment company” under the Investment
Company Act of 1940.

     5.15. Disclosure. No report, financial statement, certificate or other information furnished
in writing by any Loan Party to the Administrative Agent or any Lender in connection with the
transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder or
under any other Loan Document, taken as whole with any other information furnished or publicly
available, contains any material misstatement of fact or omits to state any material fact necessary
to make the statements therein, in the light of the circumstances under which they were made, not
materially misleading as of the date when made or delivered; provided that, with respect to
any forecast, projection or other statement regarding future
performance, future financial results or other future developments, each of the US Borrower
and the Dutch Borrower represents only that such information was prepared in good faith based upon
assumptions believed to be reasonable at the time such information was prepared (it being
understood that any such information is subject to significant uncertainties and contingencies,
many of which are beyond the applicable Borrower’s control, and that no assurance can be given that
the future developments addressed in such information can be realized).

     5.16. Compliance with Laws. The US Borrower and each Subsidiary is in compliance in all
material respects with the requirements of all Laws (including any zoning, building, ordinance,
code or approval or any building or mining permits) and all orders, writs, injunctions

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and decrees applicable to it or to its properties, except in such instances in which (a) such requirement of
Law or order, writ, injunction or decree is being contested in good faith by appropriate
proceedings diligently conducted or (b) the failure to comply therewith could not reasonably be
expected to have a Material Adverse Effect.

     5.17. Intellectual Property; Licenses, Etc. The US Borrower and its Subsidiaries own, or
possess the right to use, all of the trademarks, service marks, trade names, copyrights, patents,
patent rights, franchises, licenses and other intellectual property rights (collectively, “IP
Rights”) that are reasonably necessary for the operation of their respective businesses, except
where the failure to own or possess the right to use such IP Rights could not reasonably be
expected to have a Material Adverse Effect. To the best knowledge of the US Borrower, the use of
such IP Rights by the US Borrower or any Subsidiary does not infringe upon any rights held by any
other Person except for any infringement that could not reasonably be expected to have a Material
Adverse Effect. Except as specifically disclosed in Schedule 5.17, no claim or litigation
regarding any of the foregoing is pending or, to the best knowledge of the US Borrower, threatened,
which could reasonably be expected to have a Material Adverse Effect.

ARTICLE VI.

AFFIRMATIVE COVENANTS

     So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation
hereunder shall remain unpaid or unsatisfied (other than in respect of contingent obligations,
indemnities and expenses related thereto not then payable or in existence as of the later of the
Maturity Date or the Letter of Credit Expiration Date), or any Letter of Credit shall remain
outstanding, the US Borrower and the Dutch Borrower (except in the case of the covenants set forth
in Section 6.01 and 6.02) shall, and shall (except in the case of the covenants set
forth in Section 6.01, 6.02, and 6.03) cause each of their respective
Restricted Subsidiaries to:

     6.01. Financial Statements. Deliver to the Administrative Agent and each Lender, in form and
detail reasonably satisfactory to the Administrative Agent:

     (a) as soon as available, but in any event within 90 days after the end of each fiscal year of
the US Borrower (commencing with the fiscal year ended December 31, 2010) a consolidated balance
sheet of the US Borrower and its Subsidiaries as at the end of such fiscal year, and the related
consolidated statements of income or operations, changes in shareholders’ equity and cash flows for
such fiscal year, setting forth in each case in comparative form the figures for the previous
fiscal year, all in reasonable detail and prepared in accordance with
GAAP; such consolidated statements shall be audited and accompanied by a report and opinion of
an independent certified public accountant of nationally recognized standing, which report and
opinion shall be prepared in accordance with generally accepted auditing standards and shall not be
subject to any “going concern” or like qualification or exception or any qualification or exception
as to the scope of such audit; and

     (b) as soon as available, but in any event within 45 days after the end of each of the first
three fiscal quarters of each fiscal year of the US Borrower (commencing with the fiscal quarter
ended June 30, 2010), a consolidated balance sheet of the US Borrower and its Subsidiaries as at
the end of such fiscal quarter, and the related consolidated statements of

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income or operations, changes in shareholders’ equity and cash flows for such fiscal quarter and for the portion of the
US Borrower’s fiscal year then ended, setting forth in each case in comparative form the figures
for the corresponding fiscal quarter of the previous fiscal year and the corresponding portion of
the previous fiscal year, all in reasonable detail; such consolidated statements shall be certified
by a Responsible Officer of the US Borrower as fairly presenting in all material respects the
financial condition, results of operations, changes in shareholders’ equity and cash flows of the
US Borrower and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit
adjustments and the absence of footnotes.

As to any information contained in materials furnished pursuant to Section 6.02(d), the US
Borrower shall not be separately required to furnish such information under clause (a) or (b)
above, but the foregoing shall not be in derogation of the obligation of the US Borrower to furnish
the information and materials described in clauses (a) and (b) above at the times specified
therein.

     6.02. Certificates; Other Information. Deliver to the Administrative Agent, in form and
detail reasonably satisfactory to the Administrative Agent:

     (a) concurrently with the delivery of the financial statements referred to in
Section 6.01(a), a certificate of its independent certified public accountants reporting on
such financial statements stating that in performing their audit nothing came to their attention
that caused them to believe the US Borrower failed to comply with the financial covenants set forth
in Section 7.11, except as specified in such certificate;

     (b) concurrently with the delivery of the financial statements referred to in Section
6.01(a) and (b) (commencing with the delivery of the financial statements for the
fiscal quarter ended June 30, 2010), a duly completed Compliance Certificate signed by a
Responsible Officer of the US Borrower, which shall include detailed computations of the financial
covenants;

     (c) promptly after the same are available, copies of each annual report, proxy or financial
statement or other report or communication sent to the stockholders of the US Borrower, and copies
of all annual, regular, periodic and special reports and registration statements which the US
Borrower may file or be required to file with the SEC under Section 13 or 15(d) of the Securities
Exchange Act of 1934, and not otherwise required to be delivered to the Administrative Agent
pursuant hereto;

     (d) promptly, such additional information regarding the business, financial or corporate
affairs of the US Borrower or any Subsidiary, or compliance with the terms of the Loan Documents,
as the Administrative Agent or any Lender may from time to time reasonably request; and

     (e) not later than 60 days after the end of each fiscal year of the US Borrower, a copy of
summary projections by the US Borrower of the operating budget and cash flow budget of the US
Borrower and its Subsidiaries for the succeeding fiscal year, such projections to be accompanied by
a certificate of a Responsible Officer to the effect that such projections have been prepared based
on assumptions believed by the US Borrower to be reasonable (it being understood that any such
information is subject to significant uncertainties and contingencies,

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many of which are beyond the
US Borrower’s control, and that no assurance can be given that the future developments addressed in
such information can be realized).

     Documents required to be delivered pursuant to Section 6.01(a) or (b) or
Section 6.02(c) (to the extent any such documents are included in materials otherwise filed
with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been
delivered on the date (i) on which the US Borrower posts such documents, or provides a link thereto
on the US Borrower’s website on the Internet at the website address listed on Schedule
10.02; (ii) on which such documents are posted on the US Borrower’s behalf on an Internet or
intranet website, if any, to which each Lender and the Administrative Agent have access (whether a
commercial, third-party website or whether sponsored by the Administrative Agent); or (iii) on
which such documents are filed for public availability on the SEC’s Electronic Data Gathering and
Retrieval system.

     The US Borrower hereby acknowledges that (a) the Administrative Agent and/or the Arrangers
will make available to the Lenders and the L/C Issuer materials and/or information provided by or
on behalf of the US Borrower hereunder (collectively, “Borrower Materials”) by posting the
Borrower Materials on IntraLinks or another similar electronic system (the “Platform”) and
(b) certain of the Lenders may be “public-side” Lenders (i.e., Lenders that do not wish to receive
material non-public information with respect to the US Borrower or its securities) (each, a
“Public Lender”). The US Borrower hereby agrees that so long as the US Borrower is the
issuer of any outstanding debt or equity securities that are registered or issued pursuant to a
private offering or is actively contemplating issuing any such securities (a) all Borrower
Materials that are to be made available to Public Lenders shall be clearly and conspicuously marked
“PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the
first page thereof; (b) by marking Borrower Materials “PUBLIC,” the US Borrower shall be deemed to
have authorized the Administrative Agent, the Arrangers, the L/C Issuer and the Lenders to treat
the Borrower Materials as not containing any material non-public information with respect to the US
Borrower or its securities for purposes of United States Federal and state securities laws
(provided, however, that to the extent the Borrower Materials constitute
Information, they shall be treated as set forth in Section 10.07); (c) all Borrower
Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform
designated “Public Investor;” and (d) the Administrative Agent and the Arrangers shall be entitled
to treat the Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on
a portion of the Platform not designated “Public Investor.”
Notwithstanding the foregoing, the US Borrower shall not be under any obligation to mark the
Borrower Materials “PUBLIC.” In connection with the foregoing, each party hereto acknowledges and
agrees that the foregoing provisions are not in derogation of their confidentiality obligations
under Section 10.07.

     6.03. Notices. Notify the Administrative Agent:

     (a) promptly, of the occurrence of any Default or Event of Default;

     (b) promptly, of any event which could reasonably be expected to have a Material Adverse
Effect; and

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     (c) of the occurrence of any ERISA Event that, individually or in the aggregate, would be
reasonably likely to have a Material Adverse Effect, as soon as possible and in any event within 30
days after the US Borrower knows or has obtained notice thereof.

     Each notice pursuant to this Section shall be accompanied by a statement of a Responsible
Officer of the applicable Borrower setting forth details of the occurrence referred to therein and
stating what action the US Borrower has taken and proposes to take with respect thereto.

     6.04. Payment of Tax Obligations. Except where failure to do so could not reasonably be
expected to result in a Material Adverse Effect, with respect to the US Borrower and each of its
Restricted Subsidiaries, pay and discharge all tax liabilities, assessments and governmental
charges or levies upon it or its properties or assets, unless the same are being contested in good
faith by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP
are being maintained by the US Borrower or such Subsidiary.

     6.05. Preservation of Existence. With respect to the US Borrower, the Dutch Borrower and each
of their respective Restricted Subsidiaries, preserve, renew and maintain in full force and effect
its legal existence except in a transaction permitted by Section 7.04.

     6.06. Maintenance of Properties. With respect to the US Borrower, the Dutch Borrower and each
of their respective Restricted Subsidiaries, maintain, preserve and protect all of its material
properties and material equipment necessary in the operation of its business in good working order
and condition (ordinary wear and tear and damage by fire or other casualty or taking by
condemnation excepted), except where the failure to do so could not reasonably be expected to have
a Material Adverse Effect.

     6.07. Maintenance of Insurance. Maintain with financially sound and reputable insurance
companies which may be Affiliates of the US Borrower, insurance with respect to its properties and
business against loss or damage of the kinds customarily insured against by Persons engaged in the
same or similar business, of such types and in such amounts (after giving effect to any
self-insurance compatible with the following standards) as are customarily carried by companies
engaged in similar businesses and owning similar properties in localities where the US Borrower or
the applicable Subsidiary operates, except to the extent the failure to do so could not reasonably
be expected to have a Material Adverse Effect.

     6.08. Compliance with Laws. Comply in all material respects with the requirements of all Laws
and all orders, writs, injunctions and decrees applicable to it or to its business or property,
except in such instances in which (a) such requirement of law or order, writ, injunction or decree
is being contested in good faith by appropriate proceedings diligently conducted or (b) the failure
to comply therewith could not reasonably be expected to have a Material Adverse Effect.

     6.09. Books and Records. (a) Maintain proper books of record and account, in which in all
material respects full, true and correct entries in conformity with GAAP shall be made of all
material financial transactions and matters involving the assets and business of the US Borrower or
such Subsidiary, as the case may be; and (b) maintain such books of record and

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account in material
conformity with all material requirements of any Governmental Authority having regulatory
jurisdiction over the US Borrower or such Subsidiary, as the case may be.

     6.10. Inspection Rights. Permit representatives and independent contractors of the
Administrative Agent and each Lender to visit and inspect any of its properties, to examine its
corporate, financial and operating records, and make copies thereof or abstracts therefrom (except
to the extent (a) any such access is restricted by a Requirement of Law or (b) any such agreements,
contracts or the like are subject to a written confidentiality agreement with a non-Affiliate that
prohibits the US Borrower, the Dutch Borrower or any of their respective Subsidiaries from granting
such access to the Administrative Agent or the Lenders; provided that, with respect to such
confidentiality restrictions affecting the US Borrower, the Dutch Borrower or any of their
respective Restricted Subsidiaries, a Responsible Officer is made available to such Lender to
discuss such confidential information to the extent permitted), and to discuss the business,
finances and accounts with its officers and independent public accountants at such reasonable times
during normal business hours and as often as may be reasonably desired, provided that the
Administrative Agent or such Lender shall give the applicable Borrower reasonable advance notice
prior to any contact with such accountants and give the applicable Borrower the opportunity to
participate in such discussions.

     6.11. Use of Proceeds. Use the proceeds of the Term Loan Facility and the Revolving Credit
Facility (a) on the Closing Date, to refinance indebtedness under the Existing Credit Agreement,
and to pay fees and expenses related to such refinancing, and (b) after the Closing Date, for
ongoing working capital, capital expenditures and for other lawful corporate purposes of the US
Borrower, the Dutch Borrower and their respective Subsidiaries, including for acquisitions and for
the issuance of Letters of Credit and ordinary course performance guarantees for the benefit of the
US Borrower, the Dutch Borrower or any of their respective Subsidiaries.

     6.12. Additional US Subsidiary Guarantors/Dutch Facility Guarantors.

     (a) As of the date the Compliance Certificate referred to in Section 6.02 is
delivered, notify the Administrative Agent of any Subsidiary that is not a Guarantor and, by virtue
of the definition of US Subsidiary Guarantor or, after the Dutch Facility Closing Date, Dutch
Facility Guarantor, who would be required to be a Guarantor. Within 30 days of such notification,
the Borrowers shall cause (i) any such Subsidiary to become, as applicable, (A) a US Subsidiary
Guarantor by executing and delivering to the Administrative Agent a counterpart of the US
Subsidiary Guaranty and/or (B) a Dutch Facility Guarantor by executing and delivering to the
Administrative Agent a counterpart of the Dutch Facility Guaranty, or, in either case, such
other document as the Administrative Agent shall deem appropriate for such purpose, and (ii) such
Subsidiary to deliver to the Administrative Agent favorable opinions of counsel of such Subsidiary
(including in-house counsel), to the extent that the Administrative Agent determines in its
reasonable discretion that the value of obtaining any such opinion exceeds its cost and related
administrative burden, covering the legality, validity, binding effect and enforceability of the
documentation referred to in clause (i), all in form, content and scope reasonably satisfactory to
the Administrative Agent.

     (b) After the Dutch Facility Closing Date, if, at the time of any release of a Foreign
Subsidiary which is a Dutch Facility Guarantor under Section 9.10, the Administrative Agent

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shall determine in its reasonable discretion (based on information reasonably requested from the
Borrowers or otherwise obtained by the Administrative Agent), that the credit support provided by
the remaining Foreign Subsidiaries which are Dutch Facility Guarantors is materially weaker in the
aggregate than the credit support provided by the Foreign Subsidiaries listed on Schedule
1.01(c) as expected Dutch Facility Guarantors on the Closing Date (excluding any increase in
the value of such credit support since the Closing Date, which would have been provided by such
Foreign Subsidiaries if the Dutch Facility Guaranty had been entered into on the Closing Date),
then the Borrowers shall cause, within 30 days after such release (unless the Dutch Facility
Termination Date shall have occurred), one or more Foreign Subsidiaries, as agreed with the
Administrative Agent, to become Dutch Facility Guarantors by satisfying the requirements of
Section 6.12(a)(i)(B) and Section 6.12(a)(ii) so that the credit support provided
by all Foreign Subsidiaries which are Dutch Facility Guarantors immediately after giving effect to
such additional Foreign Subsidiaries becoming Dutch Facility Guarantors is not materially weaker in
the aggregate (as determined by the Administrative Agent in its reasonable discretion) than the
credit support provided by the Foreign Subsidiaries listed on Schedule 1.01(c) as expected
Dutch Facility Guarantors on the Closing Date (excluding any increase in the value of such credit
support since the Closing Date, which would have been provided by such Foreign Subsidiaries if the
Dutch Facility Guaranty had been entered into on the Closing Date).

     6.13. Preparation of Environmental Reports. If an Event of Default caused by reason of a
breach under Section 6.08 or 5.09 with respect to compliance with Environmental
Laws shall have occurred and be continuing, at the reasonable request of the Required Lenders
through the Administrative Agent, provide, in the case of the US Borrower, to the Lenders within 60
days after such request, at the expense of the Borrowers, an environmental or mining site
assessment or audit report for the Properties which are the subject of such default prepared by an
environmental or mining consulting firm reasonably acceptable to the Administrative Agent and
indicating the presence or absence of Hazardous Materials and the estimated cost of any compliance
or remedial action in connection with such Properties and the estimated cost of curing any
violation or non-compliance of any Environmental Law.

     6.14. Certain Long Term Liabilities and Environmental Reserves. To the extent required by
GAAP, maintain adequate reserves for (a) future costs associated with any lung disease claim
alleging pneumoconiosis or silicosis or arising out of
exposure or alleged exposure to coal dust or the coal mining environment, (b) future costs
associated with retiree and health care benefits, (c) future costs associated with reclamation of
disturbed acreage, removal of facilities and other closing costs in connection with closing its
mining operations and (d) future costs associated with other potential environmental liabilities.

     6.15. Further Assurances. Cause (a) any Foreign Subsidiary which is not an Excluded Foreign
Subsidiary (other than by virtue of clause (a) of the definition thereof) to use commercially
reasonable efforts to undertake any “whitewash” or similar procedure under applicable law to
guarantee the Obligations of the Dutch Borrower, and (b) any Foreign Subsidiary, created or
acquired after the Closing Date to avoid any contractual prohibition which would cause such Foreign
Subsidiary to be an Excluded Foreign Subsidiary by virtue of clause (c) of the definition thereof,
unless, in the case of this clause (b), the Administrative Agent determines that the cost to the US
Borrower or any Restricted Subsidiary in avoiding such

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contractual prohibition outweighs the
benefit of the guarantee that would be provided by such Foreign Subsidiary if such contractual
prohibition were avoided.

ARTICLE VII.

NEGATIVE COVENANTS

     So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation
hereunder shall remain unpaid or unsatisfied (other than in respect of contingent obligations,
indemnities and costs and expenses related thereto not then payable or in existence as of the later
of the Maturity Date or the Letter of Credit Expiration Date), or any Letter of Credit shall remain
outstanding, the US Borrower and the Dutch Borrower shall not, nor shall they permit any of their
respective Restricted Subsidiaries to, directly or indirectly:

     7.01. Liens. Create, incur, assume or suffer to exist any Lien upon any of its property,
assets or revenues, whether now owned or hereafter acquired, other than the following:

     (a) Liens pursuant to any Loan Document;

     (b) Liens existing on the date hereof and listed on Schedule 7.01 and any renewals or
extensions thereof, provided that (i) the property covered thereby is not changed, (ii) the
amount secured or benefited thereby is not increased and (iii) any renewal or extension of the
obligations secured or benefited thereby is permitted by Section 7.03;

     (c) Liens for taxes not yet due or which are being contested in good faith and by appropriate
proceedings, if adequate reserves with respect thereto are maintained on the books of the
applicable Person in accordance with GAAP;

     (d) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens
arising in the ordinary course of business which are not overdue for a period of more than 60 days
or which are being contested in good faith and by appropriate proceedings;

     (e) pledges or deposits in the ordinary course of business in connection with workers’
compensation, unemployment insurance and other social security legislation and deposits securing
liability to insurance carriers under insurance or self-insurance arrangements;

     (f) (i) deposits to secure the performance of bids, trade contracts and leases (other than
Indebtedness), reclamation bonds, statutory obligations, surety and appeal bonds, performance bonds
and other obligations of a like nature incurred in the ordinary course of business and (ii) Liens
on assets to secure obligations under surety bonds obtained as required in connection with the
entering into of new federal coal leases;

     (g) easements, rights-of-way, zoning restrictions, other restrictions and other similar
encumbrances which do not in any case materially detract from the value of the property subject
thereto or materially interfere with the ordinary conduct of the business of the applicable Person;

     (h) Liens securing attachments or judgments for the payment of money not constituting an Event
of Default under Section 8.01(h) or securing appeal or surety bonds related to such
attachments or judgments;

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     (i) Liens securing Indebtedness of the US Borrower and its Restricted Subsidiaries permitted
by Section 7.03 incurred to finance the acquisition of fixed or capital assets;
provided that (i) such Liens shall be created substantially simultaneously with the
acquisition of such fixed or capital assets, (ii) such Liens do not at any time encumber any
property other than the property financed by such Indebtedness (other than after-acquired title in
or on such property and proceeds of the existing collateral in accordance with the instrument
creating such Lien) and (iii) the principal amount of Indebtedness secured by any such Lien shall
at no time exceed 100% of the original purchase price of such property at the time it was acquired
(it being understood that Liens of the type described in this subsection (i) incurred by a
Restricted Subsidiary before such time as it became a Restricted Subsidiary are permitted under
this subsection (i));

     (j) Liens on property or assets acquired in a transaction permitted by Section 7.02 or
of a Person which becomes a Restricted Subsidiary after the date hereof securing Indebtedness
permitted by Section 7.03 not to exceed $150,000,000 at any time outstanding,
provided that (i) such Liens existed at the time such property or assets were acquired or
such entity became a Subsidiary and were not created in anticipation thereof, (ii) any such Lien is
not expanded to cover any other property or assets of such Person (other than the proceeds of the
property or assets subject to such Lien) or of the US Borrower or any Restricted Subsidiary and
(iii) the amount of Indebtedness secured thereby is not increased;

     (k) Liens on the property of the US Borrower or any of its Subsidiaries, as a tenant under a
lease or sublease entered into in the ordinary course of business by such Person, in favor of the
landlord under such lease or sublease, securing the tenant’s performance under such lease or
sublease, as such Liens are provided to the landlord under applicable law and not waived by the
landlord;

     (l) Liens arising from precautionary Uniform Commercial Code financing statement filings with
respect to operating leases or consignment arrangements entered into by the US Borrower or any of
its Restricted Subsidiaries in the ordinary course of business;

     (m) Liens securing Refinancing Indebtedness, to the extent that the Indebtedness being
refinanced was originally secured in accordance with this Section 7.01, provided
that such Lien does not apply to any additional property or assets of the US Borrower or any Restricted
Subsidiary (other than the proceeds of the property or assets subject to such Lien);

     (n) Production Payments, royalties, dedication of reserves under supply agreements or similar
rights or interests granted, taken subject to, or otherwise imposed on properties consistent with
normal practices in the mining industry;

     (o) leases, subleases, licenses and rights-of-use granted to others incurred in the ordinary
course of business and that do not materially and adversely affect the use of the property
encumbered thereby for its intended purpose;

     (p) Liens in favor of a banking institution arising by operation of law or any contract
encumbering deposits (including the right of set-off) held by such banking institutions incurred in
the ordinary course of business and which are within the general parameters customary in the
banking industry;

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     (q) Liens on Capital Stock and other Equity Interests in Unrestricted Subsidiaries securing
obligations of Unrestricted Subsidiaries not otherwise prohibited hereunder;

     (r) Liens on receivables and rights related to such receivables created pursuant to any
Permitted Securitization Programs (to the extent that any such Disposition of receivables is deemed
to give rise to a Lien);

     (s) Liens in favor of an escrow agent arising under an escrow arrangement incurred in
connection with the issuance of notes with respect to the proceeds of such notes and anticipated
interest expenses with respect to such notes; and

     (t) Liens on assets of the US Borrower and its Restricted Subsidiaries with a value
(determined immediately prior to the incurrence of such Lien) in an aggregate amount (at actual
cost, without adjustment for subsequent increases or decreases in the value of such asset) not in
excess of 10% of Tangible Assets of the US Borrower and its Restricted Subsidiaries.

     7.02. Investments. Make any Investments, except:

     (a) Investments held by the US Borrower or such Restricted Subsidiary in the form of cash
equivalents or short-term marketable debt securities;

     (b) advances to officers, directors and employees of the US Borrower and Subsidiaries in an
aggregate amount not to exceed $10,000,000 at any time outstanding, for travel, entertainment,
relocation and analogous ordinary business purposes;

     (c) Investments consisting of extensions of credit in the nature of accounts receivable or
notes receivable arising from the grant of trade credit in the ordinary course of business, and
Investments received in satisfaction or partial satisfaction thereof from financially troubled
account debtors to the extent reasonably necessary in order to prevent or limit loss;

     (d) Investments (including debt obligations and Capital Stock) received in satisfaction of
judgments or in connection with the bankruptcy or reorganization of suppliers and
customers of the US Borrower and its Restricted Subsidiaries and in settlement of delinquent
obligations of, and other disputes with, such customers and suppliers arising in the ordinary
course of business;

     (e) Investments in the nature of Production Payments, royalties, dedication of reserves under
supply agreements or similar rights or interests granted, taken subject to, or otherwise imposed on
properties with normal practices in the mining industry;

     (f) Investments in existence on the Closing Date set forth on Schedule 7.02 and
extensions, renewals, modifications, restatements or replacements thereof; provided that no
such extension, renewal, modification, restatement or replacement shall increase the amount of the
original loan, advance or investment, except by an amount equal to any premium or other reasonable
amount paid in respect of the underlying obligations and fees and expenses incurred in connection
with such extension, renewal, modification, restatement or replacement;

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     (g) promissory notes and other similar non-cash consideration received by the US Borrower and
its Subsidiaries in connection with Dispositions not otherwise prohibited under this Agreement;

     (h) Investments in any assets constituting a business unit received by the US Borrower or its
Subsidiaries by virtue of an asset exchange or swap with a third party or acquired as a capital
expenditure;

     (i) Swap Contracts permitted under Section 7.03(e);

     (j) Investments consisting of purchases of Senior Notes;

     (k) Investments by the US Borrower or any Restricted Subsidiary in Restricted Subsidiaries or
entities that become Restricted Subsidiaries as a result of such Investments, and Investments by
any Restricted Subsidiary in the US Borrower; provided that, if the Investment is in the
form of Indebtedness, such Indebtedness must be permitted pursuant to Section 7.03(f); and

     (l) Investments by the US Borrower or any Restricted Subsidiary in Unrestricted Subsidiaries
and Joint Ventures or entities that become Unrestricted Subsidiaries or Joint Ventures as a result
of such Investments, (i) without restriction if the Consolidated Leverage Ratio is equal to or less
than 3.50 to 1.00, or (ii) if the Consolidated Leverage Ratio at the time of such Investment is
greater than 3.50 to 1.00, only so long as such Investment, when aggregated with all other
Investments made to date under this Section 7.02(l) and all Investments made to date under
Section 7.02(m), shall not result in the Investments exceeding 22% of Tangible Assets of
the US Borrower and its Restricted Subsidiaries; provided that, if at any time the
Consolidated Leverage Ratio is greater than 3.50 to 1.00, such restriction on Investments in
Unrestricted Subsidiaries and Joint Ventures shall only prohibit the US Borrower and its Restricted
Subsidiaries from making any new Investments in Unrestricted Subsidiaries and Joint Ventures under
this Section 7.03(l) but shall not cause any prior Investments made in compliance with this
Section 7.02(l) at the time when made to result in a Default or Event of Default; and

     (m) Investments by the US Borrower or any Restricted Subsidiary in an aggregate amount not in
excess of 22% of Tangible Assets of the US Borrower and its Restricted Subsidiaries.

     7.03. Indebtedness. Create, incur, assume or suffer to exist any Indebtedness except:

     (a) Indebtedness under the Loan Documents;

     (b) Indebtedness outstanding on the date hereof and listed on Schedule 7.03;

     (c) Any refinancings, refundings, renewals or extensions of Indebtedness permitted under
Section 7.03(b); provided that (i) the amount of such Indebtedness (the
“Refinancing Indebtedness”) is not increased at the time of such refinancing, refunding,
renewal or extension except by an amount equal to (A) any premium or other reasonable amount paid,
and fees and expenses reasonably incurred, in connection with such refinancing, (B) any existing
commitments unutilized thereunder and (C) any amount by which the original principal amount

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of any Indebtedness has been repaid and (ii) the terms relating to principal amount, amortization,
maturity, collateral (if any) and subordination (if any), and other material terms taken as a
whole, of any such refinancing, refunding, renewing or extending Indebtedness, and of any agreement
entered into and of any instrument issued in connection therewith, are no less favorable in any
material respect to the Loan Parties or the Lenders than the terms of any agreement or instrument
governing the Indebtedness being refinanced, refunded, renewed or extended and the interest rate
applicable to any such refinancing, refunding, renewing or extending Indebtedness does not exceed
the then applicable market interest rate (as determined in good faith by the US Borrower);

     (d) Guarantees of the US Borrower or any Restricted Subsidiary in respect of Indebtedness
otherwise permitted hereunder of the US Borrower or any Restricted Subsidiary;

     (e) Indebtedness in respect of Swap Contracts incurred in the ordinary course of business and
consistent with prudent business practice;

     (f) Indebtedness of the US Borrower and any Restricted Subsidiary to any Restricted Subsidiary
and of any Restricted Subsidiary to the US Borrower; provided that, any such Indebtedness
extended by any Loan Party or any non- Loan Party to a Loan Party must be subordinated to the
Obligations on customary terms;

     (g) Intercompany current liabilities incurred in the ordinary course of business of the US
Borrower and its Subsidiaries;

     (h) Guarantee Obligations in respect of a letter of credit issued for the account of the US
Borrower and for benefit of the PBGC in a face amount not to exceed $37,000,000 and for which TXU
Europe (or its successors) provides credit support;

     (i) Indebtedness incurred in connection with any Permitted Securitization Program;

     (j) Additional Indebtedness of the US Loan Parties, provided, however, that
immediately after giving effect to the incurrence of any such Indebtedness by any US Loan
Party, (i) no Default or Event of Default shall have occurred and be continuing and (ii) the
US Borrower shall be in pro forma compliance with the covenants contained in Section 7.11,
calculated based on the most recent financial statements delivered pursuant to Section
6.01, as though such incurrence occurred at the beginning of the period covered thereby;

     (k) equipment financings of any Foreign Subsidiary of the US Borrower, provided that
(i) no Default or Event of Default shall have occurred and be continuing and (ii) the US Borrower
shall be in pro forma compliance with the covenants contained in Section 7.11, calculated
based on the most recent financial statements delivered pursuant to Section 6.01, as though
such incurrence occurred at the beginning of the period covered thereby;

     (l) Indebtedness of non-US Loan Party Restricted Subsidiaries (including, but not limited to,
the Dutch Borrower and other Foreign Subsidiaries of US Borrower that are Restricted Subsidiaries)
in an aggregate amount not to exceed 12% of Tangible Assets of the US Loan Parties.

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     7.04. Fundamental Changes. Merge, dissolve, liquidate, consolidate with or into another
Person, or Dispose of (whether in one transaction or in a series of transactions) all or
substantially all of the assets (whether now owned or hereafter acquired) of the US Borrower, the
Dutch Borrower and their Restricted Subsidiaries, taken as a whole, to or in favor of any Person,
except that, if no Default exists or would result therefrom:

     (a) any Subsidiary (other than the Dutch Borrower except as set forth in clause (ii)(E) below)
may merge or consolidate with (i) the US Borrower, provided that the US Borrower shall be
the continuing or surviving Person or (ii) any one or more other Subsidiaries, provided
that (A) when any wholly-owned Subsidiary is merging with another Subsidiary, the wholly-owned
Subsidiary shall be the continuing or surviving Person, and (B) when any Restricted Subsidiary is
merging with any other Subsidiary, the continuing or surviving Person (unless such surviving Person
could otherwise be designated an Unrestricted Subsidiary hereunder) shall be a Restricted
Subsidiary (C) when any Foreign Subsidiary is merging with any Domestic Subsidiary, the continuing
or surviving Person shall be the Domestic Subsidiary, (D) when any Guarantor is merging with any
other Subsidiary, the continuing or surviving Person shall be a Guarantor and (E) when any Foreign
Subsidiary is merging with the Dutch Borrower, the continuing or surviving Person shall be the
Dutch Borrower;

     (b) any Subsidiary other than the Dutch Borrower may Dispose of all or substantially all of
its assets (upon voluntary liquidation or otherwise) to the US Borrower or to another Subsidiary;
provided that (i) if the transferor in such a transaction is a Restricted Subsidiary, then
the transferee must either be the US Borrower or another Restricted Subsidiary (unless such
Disposition would otherwise be permitted as an Investment in an Unrestricted Subsidiary), (ii) if
the transferor is a Domestic Subsidiary, then the transferee must either be the US Borrower or
another Domestic Subsidiary, (iii) if the transferor is a US Subsidiary Guarantor, then the
transferee must either be the US Borrower or another US Subsidiary Guarantor and (iv) without
limiting or expanding clause (ii) or (iii) above, if the transferor is a Dutch Facility Guarantor,
then the transferee must be the US Borrower, the Dutch Borrower, another Dutch Facility Guarantor
or a US Subsidiary Guarantor;

     (c) the US Borrower and any Restricted Subsidiary (other than the Dutch Borrower) may merge or
consolidate with any other Person in a transaction in which the US Borrower or the Restricted
Subsidiary, as applicable, is the surviving or continuing Person; provided that, the US
Borrower and the Restricted Subsidiary are in pro forma compliance with Section 7.11 for
the four consecutive fiscal quarters ended on the last day of the most recent fiscal period for
which financial statements have been delivered to the Administrative Agent pursuant to Section
6.01, calculated as if such merger or consolidation had been consummated on the first day of
such fiscal period; and

     (d) any transaction that would be permitted as an Investment under Section 7.02.

     7.05. Dispositions. Make any Disposition or enter into any agreement to make any Disposition
(other than Dispositions permitted pursuant to Section 7.04), unless immediately after giving
effect to such Disposition, (a) no Event of Default has occurred and is continuing and (b) the US
Borrower is in pro forma compliance with Section 7.11 for the four consecutive fiscal
quarters ended on the last day of the most recent fiscal period for which financial

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statements have
been delivered to the Administrative Agent pursuant to Section 6.01, calculated as if such
Disposition had been consummated on the first day of such fiscal period.

     7.06. Restricted Payments. Declare or make, directly or indirectly, any Restricted Payment
except that:

     (a) each Subsidiary may make Restricted Payments to the US Borrower, the US Subsidiary
Guarantors and any other Person that owns an Equity Interest in such Subsidiary, ratably according
to their respective holdings of the type of Equity Interest in respect of which such Restricted
Payment is being made;

     (b) the US Borrower and each Subsidiary may declare and make dividend payments or other
distributions payable solely in the common stock or other Equity Interests of such Person or
another Subsidiary;

     (c) the US Borrower and each Subsidiary may purchase, redeem or otherwise acquire Equity
Interests issued by it with the proceeds received from the substantially concurrent issue of new
shares of its common stock or other Equity Interests or Indebtedness permitted under Section
7.03;

     (d) the US Borrower may declare or pay cash dividends to its stockholders and purchase, redeem
or otherwise acquire for cash Equity Interests issued by it, provided that at the time of
such declaration (in the case of dividends) or the date of any such Restricted Payment (in the case
of any other Restricted Payment), and after giving effective thereto, no Default shall have
occurred and be continuing and the US Borrower is in compliance with the financial covenants set
forth in Section 7.11; and

     (e) the US Borrower or any of its Subsidiaries may purchase (i) Equity Interests in any Loan
Party or options with respect thereto held by directors, officers or employees of the US
Borrower or any Restricted Subsidiary (or their estates or authorized representatives) in
connection with the death, disability or termination of employment of any such director, officer or
employee and (ii) Equity Interests in any Loan Party for future issuance under any employee stock
plan.

     7.07. Change in Nature of Business. Engage in any material line of business other than a
Similar Business.

     7.08. Transactions with Affiliates. Enter into any transaction of any kind, including,
without limitation, any purchase, sale, lease or exchange of property or the rendering of any
service, with any Affiliate, unless such transaction is (a) not prohibited by this Agreement and
(b) upon fair and reasonable terms substantially as favorable to the US Borrower or such Subsidiary
as would be obtainable by the US Borrower or such Subsidiary at the time in a comparable arm’s
length transaction with a Person other than an Affiliate. Notwithstanding the foregoing, (i) any
such transaction which is determined to be materially less favorable to the US Borrower or a
Restricted Subsidiary than the US Borrower or such Restricted Subsidiary reasonably believes it
would obtain in a comparable arm’s length transaction nevertheless shall be permitted if the excess
consideration being paid to such Affiliate would otherwise be permitted at such time as an
Investment in such Affiliate under Section 7.02 and, upon

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consummation of such transaction,
such excess consideration being paid to such Affiliate shall constitute an Investment for the
purposes of calculating compliance with Section 7.02 and (ii) the foregoing restrictions
shall not apply to the following:

               (A) transactions between or among the US Borrower and any of its Restricted Subsidiaries or
between and among any Restricted Subsidiaries;

               (B) the payment of reasonable and customary fees and reimbursement of expenses payable to
directors of the US Borrower or any of its Restricted Subsidiaries or to any Plan, Plan
administrator or Plan trustee;

               (C) loans and advances to directors, officers and employees to the extent permitted by
Section 7.02;

               (D) the arrangements with respect to the procurement of services of directors, officers,
independent contractors, consultants or employees in the ordinary course of business and the
payment of customary compensation (including bonuses) and other benefits (including retirement,
health, stock option and other benefit plans) and reasonable reimbursement arrangements in
connection therewith;

               (E) payments to directors and officers of the US Borrower and its Restricted Subsidiaries in
respect of the indemnification of such Persons in such respective capacities from and against any
and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements, as the case may be, pursuant to the Organization Documents or other
corporate action of the US Borrower or its Restricted Subsidiaries, respectively, or pursuant to
applicable law;

               (F) transactions between or among the US Borrower and any of its Restricted Subsidiaries on
the one hand and any Affiliate on the other in connection with the Prairie State Project so long as
any such transaction is on terms fair and reasonable to the US Borrower and such Subsidiary; and

               (G) Restricted Payments permitted by Section 7.06.

     7.09. Burdensome Agreements(a) . Enter into any Contractual Obligation (other than this
Agreement or any other Loan Document) that limits the ability of any Subsidiary to make Restricted
Payments to the US Borrower or any Guarantor or to otherwise transfer property to the US Borrower
or any Guarantor, unless the US Borrower determines in good faith that such Contractual Obligations
would not materially hinder the applicable Borrower’s ability to meet its obligations under this
Agreement.

     7.10. Use of Proceeds. Use the proceeds of any Credit Extension, whether directly or
indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock
(within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of
purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose.

     7.11. Financial Covenants.

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     (a) Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage
Ratio as of the end of any fiscal quarter of the US Borrower for the period of four consecutive
fiscal quarters of the US Borrower ending on such date to be less than 2.50 to 1.00.

     (b) Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio as of the end
of any fiscal quarter of the US Borrower for the period of four consecutive fiscal quarters of the
US Borrower ending on such date to be greater than 4.00 to 1.00.

     7.12. Limitation on Negative Pledge Clauses. Enter into any Contractual Obligation (other
than this Agreement or any other Loan Document) that limits the ability of the US Borrower or any
US Subsidiary Guarantor to create, incur, assume or suffer to exist any Lien upon any of its
property to secure the Obligations hereunder; provided, however, that the foregoing
clause shall not apply to Contractual Obligations which:

     (a) exist on the date hereof and (to the extent not otherwise permitted by this
Section 7.12) are listed on Schedule 7.12;

     (b) are binding on a Restricted Subsidiary at the time such Restricted Subsidiary first
becomes a Restricted Subsidiary of the US Borrower, so long as such Contractual Obligations were
not entered into solely in contemplation of such Person becoming a Restricted Subsidiary of the US
Borrower;

     (c) arise in connection with any Lien permitted by Section 7.01 to the extent such
restrictions relate to the assets (and any proceeds in respect thereof) which are the subject of
such Lien;

     (d) represent Indebtedness permitted by Section 7.03 (other than secured Indebtedness
permitted by Section 7.01(i));

     (e) represent secured Indebtedness permitted by Section 7.01(i) to the extent that
such restrictions apply only to the Restricted Subsidiaries incurring or guaranteeing such
Indebtedness (and the Subsidiaries of such Restricted Subsidiaries);

     (f) arise in connection with any Disposition permitted by Section 7.05;

     (g) are customary provisions in joint venture agreements and other similar agreements
applicable solely to such joint venture or the Equity Interests therein;

     (h) are customary restrictions on leases, subleases, licenses or asset sale agreements
otherwise permitted hereby so long as such restrictions relate to the assets subject thereto;

     (i) are customary provisions restricting subletting or assignment of any lease governing a
leasehold interest of the Borrowers or any of their respective Restricted Subsidiaries;

     (j) are customary limitations (including financial maintenance covenants) existing under or by
reason of leases entered into in the ordinary course of business;

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     (k) are restrictions on cash or other deposits imposed under contracts entered into in the
ordinary course of business;

     (l) are customary provisions restricting assignment of any agreements;

     (m) are restrictions imposed by any agreement relating to any Permitted Securitization Program
to the extent that such restrictions relate to the assets (and any proceeds in respect thereof)
that are the subject of such Permitted Securitization Program; or

     (n) are set forth in any agreement evidencing an amendment, modification, restatement,
renewal, increase, supplement, refunding, replacement or refinancing of the Contractual Obligations
referred to in clauses (a) through (m) above; provided, that such amendment, modification,
restatement, renewal, increase, supplement, refunding, replacement or refinancing is, in the good
faith judgment of the US Borrower, not materially less favorable to the Loan Party and the Lenders
with respect to such limitations than those applicable pursuant to such Contractual Obligations
prior to such amendment, modification, restatement, renewal, increase, supplement, refunding,
replacement or refinancing.

ARTICLE VIII.

EVENTS OF DEFAULT AND REMEDIES

     8.01. Events of Default. Any of the following shall constitute an Event of Default:

     (a) Non-Payment. The US Borrower or any other Loan Party fails to pay (i) when and as
required to be paid herein, and in the currency required hereunder, any amount of principal of any
Loan or any L/C Obligation, or (ii) within five days after the same becomes due, any interest on
any Loan or on any L/C Obligation, or any fee due hereunder, any other amount payable hereunder or
under any other Loan Document; or

     (b) Specific Covenants. The US Borrower or the Dutch Borrower fails to perform or
observe any term, covenant or agreement contained in any of Section 6.03(a), 6.05,
6.11 or Article VII; or

     (c) Other Defaults. Any Loan Party fails to perform or observe any other covenant or
agreement (not specified in subsection (a) or (b) above) contained in any Loan Document on its part
to be performed or observed and such failure continues for 30 days; or

     (d) Representations and Warranties. Any representation, warranty, certification or
statement of fact made or deemed made by or on behalf of the US Borrower, the Dutch Borrower or any
other Loan Party herein, in any other Loan Document, or in any document delivered in connection
herewith or therewith shall be incorrect or misleading in any material respect when made or deemed
made; or

     (e) Cross-Default. The US Borrower, the Dutch Borrower or any of their respective
Restricted Subsidiaries (A) fails to make any payment when due (whether by scheduled maturity,
required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness or
Guarantee (other than Indebtedness hereunder or Guarantees of the Obligations or Indebtedness with
respect to the Excel Bonds) in each case having an aggregate principal amount of more than

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the
Threshold Amount, beyond the period of grace, if any provided in the instrument or agreement under
which such Indebtedness or Guarantee was created, (B) fails to observe or perform any other
agreement or condition relating to any such Indebtedness or Guarantee or contained in any
instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the
effect of which default or other event is to permit the holder or holders of such Indebtedness or
the beneficiary or beneficiaries of such Guarantee (or a trustee or agent on behalf of such holder
or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required, such
Indebtedness to become due prior to its stated maturity, or such Guarantee to become due or
payable, or (C) fails to observe or perform any agreement or condition relating to any such
Indebtedness or Guarantee or contained in any instrument or agreement evidencing, securing or
relating thereto, or any other event occurs, as a result of which default or other event, the
holder or holders of such Indebtedness or the beneficiary or beneficiaries of such Guarantee (or a
trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) shall have
caused, with the giving of notice if required, such Indebtedness to become due prior to its stated
maturity, or such Guarantee to become due or payable; provided, however, that no
Default or Event of Default shall exist under this paragraph
unless any of the circumstances described in this subclause (A) and (B) of this subsection (e)
continues for a period in excess of 10 days; or

     (f) Insolvency Proceedings, Etc. Any Loan Party or any of its Restricted Subsidiaries
institutes or consents to the institution of any proceeding under any Debtor Relief Law, or makes
an assignment for the benefit of creditors; or applies for or consents to the appointment of any
receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or
for all or any substantial part of its property; or any receiver, trustee, custodian, conservator,
liquidator, rehabilitator or similar officer is appointed without the application or consent of
such Person and the appointment continues undischarged or unstayed for 60 calendar days; or any
proceeding under any Debtor Relief Law relating to any such Person or to all or any substantial
part of its property is instituted without the consent of such Person and continues undismissed or
unstayed for 60 calendar days, or an order for relief is entered in any such proceeding; or

     (g) Inability to Pay Debts; Attachment. (i) The US Borrower, the Dutch Borrower or
any of their respective Restricted Subsidiaries becomes unable or admits in writing its inability
or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment
or execution or similar process is issued or levied against all or any substantial part of the
property of any such Person and is not released, vacated or fully bonded within 60 days after its
issue or levy; or

     (h) Judgments. There is entered against the US Borrower, the Dutch Borrower or any of
their respective Restricted Subsidiaries a final judgment or order for the payment of money in an
aggregate amount exceeding the Threshold Amount (to the extent not covered by independent
third-party insurance), and, such judgments or orders shall not have been vacated, discharged,
stayed or bonded pending appeal within 60 days from the entry thereof; or

     (i) ERISA. The occurrence of any of the following events that, individually or in the
aggregate, could reasonably be expected to result in a Material Adverse Effect: (i) an ERISA Event
occurs with respect to a Pension Plan or Multiemployer Plan which has resulted or could reasonably
be expected to result in an actual obligation to pay money of the US Borrower under

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Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC, or (ii) the US Borrower or any ERISA
Affiliate fails to pay when due, after the expiration of any applicable grace period, any
installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a
Multiemployer Plan; or

     (j) Invalidity of Loan Documents. Any Loan Document, at any time after its execution
and delivery and for any reason other than as expressly permitted hereunder or satisfaction in full
of all the Obligations, ceases to be in full force and effect; or any Loan Party or any other
Person contests in any manner the validity or enforceability of any Loan Document; or any Loan
Party denies that it has any or further liability or obligation under any Loan Document, or
purports to revoke, terminate or rescind any Loan Document; or

     (k) Change of Control. There occurs any Change of Control.

     8.02. Remedies Upon Event of Default. If any Event of Default occurs and is continuing, the
Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders,
take any or all of the following actions:

     (a) declare the commitment of each Lender to make Loans and any obligation of the L/C Issuer
to make L/C Credit Extensions to be terminated, whereupon such commitments and obligation shall be
terminated;

     (b) 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 US Borrower and the Dutch Borrower;

     (c) require that the US Borrower Cash Collateralize the L/C Obligations (in an amount equal to
the then Outstanding Amount thereof); and

     (d) exercise on behalf of itself and the Lenders all rights and remedies available to it and
the Lenders under the Loan Documents or applicable law;

provided, however, that upon the occurrence of an actual or deemed entry of an
order for relief with respect to the US Borrower and/or the Dutch Borrower under Debtor Relief Laws
of the United States, the obligation of each Lender to make Loans and any obligation of the L/C
Issuer to make L/C Credit Extensions shall automatically terminate, the unpaid principal amount of
all outstanding Loans and all interest and other amounts as aforesaid shall automatically become
due and payable, and the obligation of the US Borrower to Cash Collateralize the L/C Obligations as
aforesaid shall automatically become effective, in each case without further act of the
Administrative Agent or any Lender.

     8.03. Application of Funds. After the exercise of remedies provided for in Section
8.02 (or after the Loans have automatically become immediately due and payable and the L/C
Obligations have automatically been required to be Cash Collateralized as set forth in the proviso
to Section 8.02), any amounts received on account of the Obligations or Swap Obligations
shall be applied by the Administrative Agent in the following order:

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     First, to payment of that portion of the Obligations constituting fees, indemnities,
expenses and other amounts (including fees, charges and disbursements of counsel to the
Administrative Agent and amounts payable under Article III) payable to the Administrative
Agent in its capacity as such;

     Second, to payment of that portion of the Obligations constituting fees, indemnities
and other amounts (other than principal, interest and Letter of Credit Fees) payable to the Lenders
and the L/C Issuer (including fees, charges and disbursements of counsel to the respective Lenders
and the L/C Issuer (including fees and time charges for attorneys who may be employees of any
Lender or the L/C Issuer) and amounts payable under Article III), ratably among them in
proportion to the respective amounts described in this clause Second payable to them;

     Third, to payment of that portion of the Obligations constituting accrued and unpaid
Letter of Credit Fees and interest on the Loans, L/C Borrowings and other Obligations, ratably
among the Lenders and the L/C Issuer in proportion to the respective amounts described in this
clause Third payable to them;

     Fourth, to payment of that portion of the Obligations constituting unpaid principal of
the Loans and L/C Borrowings and to payment of the unpaid Swap Obligations, ratably among the
Lenders, the L/C Issuer and the counterparties to the Swap Contracts giving rise to such Swap
Obligations in proportion to the respective amounts described in this clause Fourth held by
them;

     Fifth, to the Administrative Agent for the account of the L/C Issuer, to Cash
Collateralize that portion of L/C Obligations comprised of the aggregate undrawn amount of Letters
of Credit; and

     Last, the balance, if any, after all of the Obligations have been indefeasibly paid in
full, to the Borrowers or as otherwise required by Law.

Subject to Section 2.03(c), amounts used to Cash Collateralize the aggregate undrawn amount
of Letters of Credit pursuant to clause Fifth above shall be applied to satisfy drawings
under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral
after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be
applied to the other Obligations and Swap Obligations, if any, in the order set forth above.
Notwithstanding the foregoing, any amounts received on account of the Obligations from any Foreign
Subsidiary shall be applied only to the Dutch Borrower Obligations and the Obligations of any Dutch
Facility Guarantors with respect thereto.

ARTICLE IX.

ADMINISTRATIVE AGENT

     9.01. Appointment and Authority. Each of the Lenders and the L/C Issuer hereby irrevocably
appoints Bank of America to act on its behalf as the Administrative Agent hereunder and under the
other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and
to exercise such powers as are delegated to the Administrative Agent by the terms hereof or
thereof, together with such actions and powers as are reasonably incidental thereto. The
provisions of this Article are solely for the benefit of the Administrative Agent, the

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Lenders and the L/C Issuer, and neither the US Borrower, the Dutch Borrower nor any other
Loan Party shall have rights as a third party beneficiary of any of such provisions.

     9.02. Rights as a Lender. The Person serving as the Administrative Agent hereunder shall have
the same rights and powers in its capacity as a Lender as any other Lender and may exercise the
same as though it were not the Administrative Agent and the term “Lender” or “Lenders” shall,
unless otherwise expressly indicated or unless the context otherwise requires, include the Person
serving as the Administrative Agent hereunder in its individual capacity. Such Person and its
Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other
advisory capacity for and generally engage in any kind of business with the Borrowers or any
Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder
and without any duty to account therefor to the Lenders.

     9.03. Exculpatory Provisions. The Administrative Agent shall not have any duties or
obligations except those expressly set forth herein and in the other Loan Documents. Without
limiting the generality of the foregoing, the Administrative Agent:

     (a) shall not be subject to any fiduciary or other implied duties, regardless of whether a
Default has occurred and is continuing;

     (b) shall not have any duty to take any discretionary action or exercise any discretionary
powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan
Documents that the Administrative Agent is required to exercise as directed in writing by the
Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided
for herein or in the other Loan Documents), provided that the Administrative Agent shall
not be required to take any action that, in its opinion or the opinion of its counsel, may expose
the Administrative Agent to liability or that is contrary to any Loan Document or applicable law;
and

     (c) shall not, except as expressly set forth herein and in the other Loan Documents, have any
duty to disclose, and shall not be liable for the failure to disclose, any information relating to
any of the Borrowers or any of their respective Affiliates that is communicated to or obtained by
the Person serving as the Administrative Agent or any of its Affiliates in any capacity.

     The Administrative Agent shall not be liable for any action taken or not taken by it (i) with
the consent or at the request of the Required Lenders (or such other number or percentage of the
Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be
necessary, under the circumstances as provided in Section 10.01 and 8.02) or (ii)
in the absence of its own gross negligence or willful misconduct. The Administrative Agent shall
be deemed not to have knowledge of any Default unless and until notice describing such Default is
given to the Administrative Agent by the US Borrower, the Dutch Borrower, a Lender or the L/C
Issuer.

     The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire
into (i) any statement, warranty or representation made in or in connection with this Agreement or
any other Loan Document, (ii) the contents of any certificate, report or other

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document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the
performance or observance of any of the covenants, agreements or other terms or conditions set
forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability,
effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement,
instrument or document or (v) the satisfaction of any condition set forth in Article IV or
elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the
Administrative Agent.

     9.04. Reliance by Administrative Agent. The Administrative Agent shall be entitled to rely
upon, and shall not incur any liability for relying upon, any notice, request, certificate,
consent, statement, instrument, document or other writing (including any electronic message,
Internet or intranet website posting or other distribution) believed by it to be genuine and to
have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent
also may rely upon any statement made to it orally or by telephone and believed by it to have been
made by the proper Person, and shall not incur any liability for relying thereon. In determining
compliance with any condition hereunder to the making of a Loan, or the issuance of a Letter of
Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the L/C Issuer, the
Administrative Agent may presume that such condition is satisfactory to such Lender or the L/C
Issuer unless the Administrative Agent shall have received notice to the contrary from such Lender
or the L/C Issuer prior to the making of such Loan or the issuance of such Letter of Credit. The
Administrative Agent may consult with legal counsel (who may be counsel for the Borrowers),
independent accountants and other experts selected by it, and shall not be liable for any action
taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.

     9.05. Delegation of Duties. The Administrative Agent may perform any and all of its duties
and exercise its rights and powers hereunder or under any other Loan Document by or through any one
or more sub agents appointed by the Administrative Agent. The Administrative Agent and any such
sub agent may perform any and all of its duties and exercise its rights and powers by or through
their respective Related Parties. The exculpatory provisions of this Article shall apply to any
such sub agent and to the Related Parties of the Administrative Agent and any such sub agent, and
shall apply to their respective activities in connection with the syndication of the credit
facilities provided for herein as well as activities as Administrative Agent.

     9.06. Resignation of Administrative Agent. The Administrative Agent may at any time give
notice of its resignation to the Lenders, the L/C Issuer and the US Borrower. Upon receipt of any
such notice of resignation, the Required Lenders shall have the right, with the approval of the US
Borrower (such approval not to be unreasonably withheld), to appoint a successor, which shall be a
bank with an office in the United States, or an Affiliate of any such bank with an office in the
United States. If no such successor shall have been so appointed by the Required Lenders and shall
have accepted such appointment within 30 days after the retiring Administrative Agent gives notice
of its resignation, then the retiring Administrative Agent may on behalf of the Lenders and the L/C
Issuer, appoint a successor Administrative Agent meeting the qualifications set forth above;
provided that if the Administrative Agent shall notify the US Borrower and the Lenders that
no qualifying Person has accepted such appointment, then such resignation shall nonetheless become
effective in accordance with such notice and (1) the retiring
Administrative Agent shall be discharged from its duties and obligations hereunder and under the

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other Loan Documents (except that in the case of any collateral security held by the
Administrative Agent on behalf of the Lenders or the L/C Issuer under any of the Loan Documents,
the retiring Administrative Agent shall continue to hold such collateral security until such time
as a successor Administrative Agent is appointed) and (2) all payments, communications and
determinations provided to be made by, to or through the Administrative Agent shall instead be made
by or to each Lender and the L/C Issuer directly, until such time as the Required Lenders appoint a
successor Administrative Agent as provided for above in this Section. Upon the acceptance of a
successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and
become vested with all of the rights, powers, privileges and duties of the retiring (or retired)
Administrative Agent, and the retiring Administrative Agent shall be discharged from all of its
duties and obligations hereunder or under the other Loan Documents (if not already discharged
therefrom as provided above in this Section). The fees payable by the US Borrower to a successor
Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed
between the US Borrower and such successor. After the retiring Administrative Agent’s resignation
hereunder and under the other Loan Documents, the provisions of this Article and Section
10.04 shall continue in effect for the benefit of such retiring Administrative Agent, its sub
agents and their respective Related Parties in respect of any actions taken or omitted to be taken
by any of them while the retiring Administrative Agent was acting as Administrative Agent.

     Any resignation by Bank of America as Administrative Agent pursuant to this Section shall also
constitute its resignation as L/C Issuer and Swing Line Lender. Upon the acceptance of a
successor’s appointment as Administrative Agent hereunder, (a) such successor shall succeed to and
become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer and
Swing Line Lender, (b) the retiring L/C Issuer and Swing Line Lender shall be discharged from all
of their respective duties and obligations hereunder or under the other Loan Documents, and (c) the
successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if
any, outstanding at the time of such succession or make other arrangements satisfactory to the
retiring L/C Issuer to effectively assume the obligations of the retiring L/C Issuer with respect
to such Letters of Credit.

     9.07. Non-Reliance on Administrative Agent and Other Lenders. Each Lender and the L/C Issuer
acknowledges that it has, independently and without reliance upon the Administrative Agent or any
other Lender or any of their Related Parties and based on such documents and information as it has
deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each
Lender and the L/C Issuer also acknowledges that it will, independently and without reliance upon
the Administrative Agent or any other Lender or any of their Related Parties and based on such
documents and information as it shall from time to time deem appropriate, continue to make its own
decisions in taking or not taking action under or based upon this Agreement, any other Loan
Document or any related agreement or any document furnished hereunder or thereunder.

     9.08. No Other Duties, Etc. Except as expressly set forth herein, none of the bookmanagers,
Arrangers or other titles listed on the cover page hereof shall have any powers,
duties or responsibilities under this Agreement or any of the other Loan Documents, except in
its capacity, as applicable, as the Administrative Agent, a Lender or the L/C Issuer hereunder.

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     9.09. Administrative Agent May File Proofs of Claim. In case of the pendency of any
receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment,
composition or other judicial proceeding relative to any Loan Party, the Administrative Agent
(irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable
as herein expressed or by declaration or otherwise and irrespective of whether the Administrative
Agent shall have made any demand on the applicable Borrower) shall be entitled and empowered, by
intervention in such proceeding or otherwise:

     (a) to file and prove a claim for the whole amount of the principal and interest owing and
unpaid in respect of the Loans, L/C Obligations and all other Obligations that are owing and unpaid
and to file such other documents as may be necessary or advisable in order to have the claims of
the Lenders, the L/C Issuer and the Administrative Agent (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Lenders, the L/C Issuer and the
Administrative Agent and their respective agents and counsel and all other amounts due the Lenders,
the L/C Issuer and the Administrative Agent under Section 2.03(i) and (j),
2.09 and 10.04) allowed in such judicial proceeding; and

     (b) to collect and receive any monies or other property payable or deliverable on any such
claims and to distribute the same;

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official
in any such judicial proceeding is hereby authorized by each Lender and the L/C Issuer to make such
payments to the Administrative Agent and, in the event that the Administrative Agent shall consent
to the making of such payments directly to the Lenders and the L/C Issuer, to pay to the
Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and
advances of the Administrative Agent and its agents and counsel, and any other amounts due the
Administrative Agent under Section 2.09 and 10.04.

     Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or
consent to or accept or adopt on behalf of any Lender or the L/C Issuer any plan of reorganization,
arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to
authorize the Administrative Agent to vote in respect of the claim of any Lender in any such
proceeding.

     9.10. Guaranty Matters. Subject to the last sentence of Section 6.15(b) of the US Subsidiary
Guaranty and the last sentence of Section 6.15(b) of the Dutch Facility Guaranty, as applicable,
the Lenders and the L/C Issuer irrevocably authorize the Administrative Agent to release any US
Subsidiary Guarantor from its obligations under the US Subsidiary Guaranty and any Dutch Facility
Guarantor from its obligation under the Dutch Facility Guaranty if such Person ceases to be a
Subsidiary as a result of a transaction not prohibited hereunder or ceases to be required to
guarantee the Obligations by virtue of the definition of US Subsidiary Guarantor or Dutch Facility
Guarantor, as the case may be, upon receipt of a certificate of the US Borrower certifying that
such transaction is not prohibited hereunder or as to the basis on which such Subsidiary no longer
falls within the definition of US Subsidiary Guarantor or Dutch Facility
Guarantor, as the case may be. In addition, the Lenders and the L/C Issuer irrevocably
authorize the Administrative Agent to release each Dutch Facility Guarantor from its obligation
under the Dutch Facility Guaranty, if the Dutch Facility Termination Date shall have occurred.Upon

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request by the Administrative Agent at any time, the Required Lenders will confirm in writing
the Administrative Agent’s authority to release any US Subsidiary Guarantor from its obligations
under the US Subsidiary Guaranty and any Dutch Facility Guarantor from its obligation under the
Dutch Facility Guaranty pursuant to this Section 9.10.

     9.11. Withholding Tax. To the extent required by any applicable law, the Administrative Agent
may withhold from any payment to any Lender an amount equivalent to any applicable withholding tax.
Without limiting the provisions of Section 3.01, each Lender shall, and does hereby,
indemnify the Administrative Agent, and shall make payable in respect thereof within 30 days after
demand therefor, against any and all Taxes and any and all related losses, claims, liabilities and
expenses (including fees, charges and disbursements of any counsel for the Administrative Agent)
incurred by or asserted against the Administrative Agent by the IRS or any other Governmental
Authority as a result of the failure of the Administrative Agent to properly withhold tax from
amounts paid to or for the account of any Lender for any reason (including, without limitation,
because the appropriate form was not delivered or not property executed, or because such Lender
failed to notify the Administrative Agent of a change in circumstance that rendered the exemption
from, or reduction of withholding tax ineffective). A certificate as to the amount of such payment
or liability delivered to any Lender by the Administrative Agent shall be conclusive absent
manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and
all amounts at any time owing to such Lender under this Agreement or any other Loan Document
against any amount due the Administrative Agent under this Section 9.11. The agreements in
this Section 9.11 shall survive the resignation and/or replacement of the Administrative
Agent, any assignment of rights by, or the replacement of, a Lender, and the repayment,
satisfaction or discharge of all other obligations.

ARTICLE X.

MISCELLANEOUS

     10.01. Amendments, Etc. Except as set forth in Sections 2.06(a)(iii), 2.14
and 2.15, no amendment or waiver of any provision of this Agreement or any other Loan
Document, and no consent to any departure by the US Borrower, the Dutch Borrower or any other Loan
Party therefrom, shall be effective unless in writing signed by the Required Lenders and the US
Borrower, the Dutch Borrower or the applicable Loan Party, as the case may be, and acknowledged by
the Administrative Agent, and each such waiver or consent shall be effective only in the specific
instance and for the specific purpose for which given; provided, however, that no
such amendment, waiver or consent shall:

     (a) extend or increase the Commitment of any Lender (or reinstate any Commitment terminated
pursuant to Section 8.02) without the written consent of such Lender;

     (b) postpone any date fixed by this Agreement or any other Loan Document for any payment or
mandatory prepayment of principal, interest, fees or other amounts due to the
Lenders (or any of them) or any mandatory reduction of the Aggregate Commitments hereunder
without the written consent of each Lender directly affected thereby;

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     (c) reduce the principal of, or the stated rate of interest specified herein on, any Loan or
Unreimbursed Amount, or (subject to clause (z) of the second proviso to this Section 10.01)
any fees or other amounts payable hereunder without the written consent of each Lender directly
affected thereby; provided, however, that only the consent of the Required Lenders
shall be necessary (i) to amend the definition of “Default Rate” or to waive any obligation of the
Borrowers to pay interest or Letter of Credit Fees at the Default Rate or (ii) to amend any
financial covenant hereunder (or any defined term used therein) even if the effect of such
amendment would be to reduce the rate of interest on any Loan or L/C Borrowing or to reduce any fee
payable hereunder;

     (d) change Section 2.13 or Section 8.03 in a manner that would alter the pro
rata sharing of payments required thereby without the written consent of each Lender;

     (e) amend Section 1.06 or the definition of “Alternative Currency” without the written
consent of each Lender directly adversely affected thereby;

     (f) change any provision of this Section or the definition of “Required Lenders” or the
definition of “Required Revolving Lenders” or any other provision hereof specifying the number or
percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any
determination or grant any consent hereunder without the written consent of each Lender; or

     (g) other than as permitted by Section 9.10, release all or substantially all of the
US Subsidiary Guarantors from the US Subsidiary Guaranty or the Dutch Facility Guarantors from the
Dutch Facility Guaranty or release US Borrower from the Dutch Facility Guaranty, in each case,
without the written consent of each Lender;

and, provided further, that (w) no amendment, waiver or consent shall, unless in
writing and signed by the L/C Issuer in addition to the Lenders required above, affect the rights
or duties of the L/C Issuer under this Agreement or any Issuer Document relating to any Letter of
Credit issued or to be issued by it; (x) no amendment, waiver or consent shall, unless in writing
and signed by the Swing Line Lender in addition to the Lenders required above, affect the rights or
duties of the Swing Line Lender under this Agreement; (y) no amendment, waiver or consent shall,
unless in writing and signed by the Administrative Agent in addition to the Lenders required above,
affect the rights or duties of the Administrative Agent under this Agreement or any other Loan
Document; and (z) each Fee Letter may be amended, or rights or privileges thereunder waived, in a
writing executed only by the parties to the applicable Fee Letter. Notwithstanding anything to the
contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment,
waiver or consent hereunder, except that (i) the Commitment of such Lender may not be increased or
extended and (ii) the principal of any Loan owed to such Lender may not be reduced without the
consent of such Lender.

     In addition, notwithstanding the foregoing, in situations not otherwise governed by
Section 2.14 and Section 2.15, this Agreement may be amended (or amended and restated) with
the written consent of the Required Lenders, the Administrative Agent, the US Borrower and the
Dutch Borrower (x) to add one or more additional credit facilities to this Agreement and to permit
the extensions of credit from time to time outstanding thereunder and the accrued interest

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and fees
in respect thereof (collectively, the “Additional Extensions of Credit”) to share ratably
in the benefits of this Agreement and the other Loan Documents with the Term Loans and Revolving
Credit Loans and the accrued interest and fees in respect thereof and (y) to include appropriately
the Lenders holding such credit facilities in any determination of the Required Lenders and
Required Revolving Lenders; provided, however, that no such amendment shall permit
the Additional Extensions of Credit (a) to share ratably with or with preference to the Term Loans
in the application of any mandatory prepayments without the consent of Lenders holding more than
50% of the aggregate principal amount of all Term Loans or (b) to share ratably with or with
preference to the Revolving Credit Loans in the application of any mandatory prepayments without
the consent of the Required Revolving Lenders.

     In addition, notwithstanding the foregoing, this Agreement may be amended with only the
written consent of the Administrative Agent (not to be unreasonably withheld), the US Borrower, the
Dutch Borrower and the Lenders providing the relevant Replacement Term Loans (as defined below)
(but not any other Lender) to permit the refinancing, replacement or modification of all
outstanding Term Loans (“Replaced Term Loans”) with a replacement term loan tranche
hereunder (“Replacement Term Loans”), provided that (a) the aggregate principal
amount of such Replacement Term Loans shall not exceed the aggregate principal amount of such
Replaced Term Loans, (b) the Applicable Rate for such Replacement Term Loans shall not be higher
than the Applicable Rate for such Replaced Term Loans and (c) the weighted average life to maturity
of such Replacement Term Loans shall not be shorter than the weighted average life to maturity of
such Replaced Term Loans at the time of such refinancing.

     The Borrowers may, by written notice to the Administrative Agent from time to time, make one
or more offers to all Term Loan Lenders or all Revolving Credit Lenders, as applicable, to make one
or more Permitted Amendments pursuant to procedures reasonably specified by the Administrative
Agent and reasonably acceptable to the Borrowers. Such notice shall set forth (a) the terms and
conditions of the requested Permitted Amendments and (b) the date on which responses from the
applicable Lenders in respect of such Permitted Amendment are required to be received (which shall
not be less than three Business Days after the date of such notice). Only those Lenders that
consent to such Permitted Amendment (the “Accepting Lenders”) will have the maturity of
their applicable Loans and Commitments extended and be entitled to receive any increase in the
Applicable Rate and any fees (including prepayment premiums or fees), in each case, as provided
therein. The Borrowers and each Accepting Lender shall execute and deliver to the Administrative
Agent such documentation as the Administrative Agent shall reasonably specify to evidence the
acceptance of the Permitted Amendments and the terms and conditions thereof. The Administrative
Agent shall promptly notify each Lender as to the effectiveness of each Permitted Amendment. Each
of the parties hereto hereby agrees that, upon the effectiveness of any Permitted Amendment, this
Agreement shall be deemed amended, as may be necessary or appropriate, in the reasonable opinion of
the Administrative Agent, to effect the terms and provisions of the Permitted Amendment with
respect to the Loans and Commitments of the Accepting Lenders (including any amendments necessary
to treat the Loans and Commitments of the Accepting Lenders in a manner consistent with the other
Loans and
Commitments under this Agreement). Notwithstanding the foregoing, no Permitted Amendment
shall become effective under this Section 10.01 unless the Administrative Agent, to the
extent so reasonably requested by the Administrative Agent, shall have received legal opinions,
board resolutions and officer’s certificates consistent with those delivered pursuant to
Section 4.01.

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     Any such waiver and any such amendment or modification pursuant to this Section 10.01
shall be binding upon the US Borrower, the Dutch Borrower, the Lenders, the L/C Issuer, the Swing
Line Lender, the Administrative Agent and all future holders of the Loans. In the case of any
waiver, the US Borrower, the Dutch Borrower, the Lenders, the L/C Issuer, the Swing Line Lender and
the Administrative Agent shall be restored to their former positions and rights hereunder and under
the other Loan Documents, and any Default or Event of Default that is waived pursuant to this
Section 10.01 shall be deemed to be cured and not continuing during the period of such
waiver.

     10.02. Notices; Effectiveness; Electronic Communication.

     (a) Notices Generally. Except in the case of notices and other communications
expressly permitted to be given by telephone, all notices and other communications provided for
herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by
certified or registered mail, sent by telecopier as follows or sent by electronic communication as
provided in subsection (b) below, and all notices and other communications expressly permitted
hereunder to be given by telephone shall be made to the applicable telephone number, as follows:

          (i) if to the US Borrower, the Dutch Borrower, the Administrative Agent, the L/C Issuer or the
Swing Line Lender, to the address, telecopier number, electronic mail address or telephone number
specified for such Person on Schedule 10.02; and

          (ii) if to any other Lender, to the address, telecopier number, electronic mail address or
telephone number specified in its Administrative Questionnaire.

Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall
be deemed to have been given when received; notices sent by telecopier shall be deemed to have been
given when sent (except that, if not given during normal business hours for the recipient, shall be
deemed to have been given at the opening of business on the next business day for the recipient).
Notices delivered through electronic communications to the extent provided in subsection (b) below,
shall be effective as provided in such subsection (b).

     (b) Electronic Communications. Notices and other communications to the Lenders and
the L/C Issuer hereunder may be delivered or furnished by electronic communication (including
e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative
Agent, provided that the foregoing shall not apply to notices to any Lender or the L/C
Issuer pursuant to Article II if such Lender or the L/C Issuer, as applicable, has notified
the Administrative Agent that it is incapable of receiving notices under such Article by electronic
communication. The Administrative Agent or the Borrowers may, in their discretion, agree to accept
notices and other communications to the Administrative Agent or the Borrowers hereunder by
electronic communications pursuant to procedures approved by the Administrative
Agent or the Borrowers, provided that approval of such procedures may be limited to
particular notices or communications.

     Unless the Administrative Agent otherwise prescribes, (i) notices and other communications
sent to the Lenders and the L/C Issuers to an e-mail address shall be deemed received upon the
sender’s receipt of an acknowledgement from the intended recipient (such as

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by the “return receipt
requested” function, as available, return e-mail or other written acknowledgement),
provided that if such notice or other communication is not sent during the normal business
hours of the recipient, such notice or communication shall be deemed to have been sent at the
opening of business on the next business day for the recipient, and (ii) notices or communications
posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the
intended recipient at its e-mail address as described in the foregoing clause (i) of notification
that such notice or communication is available and identifying the website address therefor.

     (c) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT
PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR
THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE
BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY
OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR
FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE
BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its
Related Parties (collectively, the “Agent Parties”) have any liability to the Borrowers,
any Lender, the L/C Issuer or any other Person for losses, claims, damages, liabilities or expenses
of any kind (whether in tort, contract or otherwise) arising out of the Borrowers’ or the
Administrative Agent’s transmission of Borrower Materials through the Internet, except to the
extent that such losses, claims, damages, liabilities or expenses have resulted from the gross
negligence or willful misconduct of such Agent Party; provided, however, that in no
event shall any Agent Party have any liability to the Borrowers, any Lender, the L/C Issuer or any
other Person for indirect, special, incidental, consequential or punitive damages (as opposed to
direct or actual damages).

     (d) Change of Address, Etc. The US Borrower, the Dutch Borrower, the Administrative
Agent, the L/C Issuer and the Swing Line Lender may change its address, electronic mail address,
telecopier or telephone number for notices and other communications hereunder by notice to the
other parties hereto. Each other Lender may change its address, electronic mail address,
telecopier or telephone number for notices and other communications hereunder by notice to the US
Borrower, the Dutch Borrower, the Administrative Agent, the L/C Issuer and the Swing Line Lender.
In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that
the Administrative Agent has on record (i) an effective address, contact name, telephone number,
telecopier number and electronic mail address to which notices and other communications may be sent
and (ii) accurate wire instructions for such Lender.

     (e) Reliance by Administrative Agent, L/C Issuer and Lenders. The Administrative
Agent, the L/C Issuer and the Lenders shall be entitled to rely and act upon any notices (including
telephonic Borrowing Notices and Swing Line Loan Notices) purportedly given by or on behalf of the
US Borrower or the Dutch Borrower, even if (i) such notices were not made in a manner specified
herein, were incomplete or were not preceded or followed by any other form of notice specified
herein, or (ii) the terms thereof, as understood by the recipient, varied from any

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confirmation
thereof. All telephonic notices to and other telephonic communications with the Administrative
Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents
to such recording.

     10.03. No Waiver; Cumulative Remedies. No failure by any Lender or the Administrative Agent
to exercise, and no delay by any such Person in exercising, 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. The rights, remedies, powers and privileges herein
provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided
by law.

     10.04. Expenses; Indemnity; Damage Waiver.

     (a) Costs and Expenses. The US Borrower and the Dutch Borrower shall, jointly and
severally, pay (i) all reasonable and documented out-of-pocket expenses incurred by the
Administrative Agent and its Affiliates (including the reasonable and documented fees, charges and
disbursements of a single counsel for the Administrative Agent and the Arrangers and a single local
counsel in each relevant jurisdiction and any special counsel reasonably deemed necessary by the
Administrative Agent), in connection with the syndication of the credit facilities provided for
herein, the preparation, due diligence, negotiation, execution, delivery, administration and
enforcement of this Agreement and the other Loan Documents or any amendments, modifications or
waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or
thereby shall be consummated), (ii) all reasonable and documented out-of-pocket expenses incurred
by the L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of
Credit or any demand for payment thereunder and (iii) all reasonable and documented out-of-pocket
expenses incurred by the Administrative Agent, any Lender or the L/C Issuer (including the
reasonable fees, charges and disbursements of any counsel for the Administrative Agent, any Lender
or the L/C Issuer), in connection with the enforcement or protection of its rights (A) in
connection with this Agreement and the other Loan Documents, including its rights under this
Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder, including
all such reasonable and documented out-of-pocket expenses incurred during any workout,
restructuring or negotiations in respect of such Loans or Letters of Credit.

     (b) Indemnification by the Borrowers. The US Borrower and the Dutch Borrower shall,
jointly and severally, indemnify the Administrative Agent (and any sub-agent thereof), the
Arrangers, each Lender and the L/C Issuer, and each Related Party of any of the foregoing Persons
(each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless
from, any and all losses, claims, damages, liabilities and related reasonable out-of-pocket
expenses (including the reasonable fees, charges and disbursements of any counsel for
any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third
party or by the US Borrower, the Dutch Borrower or any other Loan Party arising out of, in
connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan
Document or any agreement or instrument contemplated hereby or thereby, the performance by the
parties hereto of their respective obligations hereunder or thereunder, the consummation of the
transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and

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any
sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other
Loan Documents, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds
therefrom (including any refusal by the L/C Issuer to honor a demand for payment under a Letter of
Credit if the documents presented in connection with such demand do not strictly comply with the
terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous
Materials on or from any property owned or operated by any of the Borrowers or any of their
Subsidiaries, or any Environmental Liability related in any way to any of the Borrowers or any of
their Subsidiaries, and (iv) any actual or prospective claim, litigation, investigation or
proceeding relating to any of the foregoing, whether based on contract, tort or any other theory,
whether brought by a third party or by the US Borrower, the Dutch Borrower or any other Loan Party,
and regardless of whether any Indemnitee is a party thereto; provided that such indemnity
shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages,
liabilities or related expenses (x) have resulted from the gross negligence or willful misconduct
of such Indemnitee or (y) result from a claim brought by the US Borrower, the Dutch Borrower or any
other Loan Party against an Indemnitee for breach in bad faith of such Indemnitee’s obligations
hereunder or under any other Loan Document.

     (c) Reimbursement by Lenders. To the extent that the US Borrower or the Dutch
Borrower for any reason fails to indefeasibly pay any amount required under subsection (a) or (b)
of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), the
Arrangers, the L/C Issuer or any Related Party of any of the foregoing, each Lender severally
agrees to pay to the Administrative Agent (or any such sub-agent), the Arrangers, the L/C Issuer or
such Related Party, as the case may be, such Lender’s Applicable Percentage (determined as of the
time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid
amount, provided that the unreimbursed expense or indemnified loss, claim, damage,
liability or related expense, as the case may be, was incurred by or asserted against the
Administrative Agent (or any such sub-agent), the Arrangers or the L/C Issuer in its capacity as
such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or
any such sub-agent), the Arrangers or L/C Issuer in connection with such capacity. The obligations
of the Lenders under this subsection (c) are subject to the provisions of Section 2.12(d).

     (d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by
applicable law, neither the US Borrower nor the Dutch Borrower shall assert, and each hereby
waives, any claim against any Indemnitee, on any theory of liability, for special, indirect,
consequential or punitive damages (as opposed to direct or actual damages) arising out of, in
connection with, or as a result of, this Agreement, any other Loan Document or any agreement or
instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter
of Credit or the use of the proceeds thereof. No Indemnitee referred to in subsection (b) above
shall be liable for any damages arising from the use by unintended recipients of any
information or other materials distributed by it through telecommunications, electronic or
other information transmission systems in connection with this Agreement or the other Loan
Documents or the transactions contemplated hereby or thereby, except to the extent such damages
result from the gross negligence or willful misconduct of such Indemnitee.

     (e) Payments. All amounts due under this Section shall be payable not later than ten
Business Days after demand therefor.

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     (f) Survival. The agreements in this Section shall survive the resignation of the
Administrative Agent, the Arrangers and the L/C Issuer, the replacement of any Lender, the
termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the
other Obligations and Swap Obligations. In addition, with respect to the Dutch Borrower, the
agreements in this Section shall survive any termination of the Dutch Borrower Revolving Credit
Commitments pursuant to Section 2.06(a)(ii) and notwithstanding the occurrence of the Dutch
Facility Termination Date.

     10.05. Payments Set Aside. To the extent that any payment by or on behalf of the applicable
Borrower is made to the Administrative Agent, the Arrangers, the L/C Issuer or any Lender, or the
Administrative Agent, the Arrangers, the L/C Issuer or any Lender exercises its right of setoff,
and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated,
declared to be fraudulent or preferential, set aside or required (including pursuant to any
settlement entered into by the Administrative Agent, the Arrangers, the L/C Issuer or such Lender
in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any
proceeding under any Debtor Relief Law or otherwise, then (a) 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 setoff had not occurred, and (b)
each Lender and the L/C Issuer severally agrees to pay to the Administrative Agent upon demand its
applicable share (without duplication) of any amount so recovered from or repaid by the
Administrative Agent, plus interest thereon from the date of such demand to the date such
payment is made at a rate per annum equal to the applicable Overnight Rate from time to time in
effect, in the applicable currency of such recovery or payment. The obligations of the Lenders and
the L/C Issuer under clause (b) of the preceding sentence shall survive the payment in full of the
Obligations and the termination of this Agreement.

     10.06. Successors and Assigns.

     (a) Successors and Assigns Generally. The provisions of this Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby, except that no Loan Party may assign or otherwise transfer any of its
rights or obligations hereunder without the prior written consent of the Administrative Agent and
each Lender and no Lender may assign or otherwise transfer any of its rights or obligations
hereunder except (i) to an Eligible Assignee in accordance with the provisions of subsection (b) of
this Section, (ii) by way of participation in accordance with the provisions of subsection (d) of
this Section, (iii) by way of pledge or assignment of a security interest subject to the
restrictions of subsection (f) of this Section or (iv) pursuant to Section 2.14. Nothing
in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than
the parties hereto, their respective successors and assigns permitted hereby, Participants to the
extent provided in
subsection (d) of this Section and, to the extent expressly contemplated hereby, the Related
Parties of each of the Administrative Agent, the Arrangers, the L/C Issuer and the Lenders) any
legal or equitable right, remedy or claim under or by reason of this Agreement.

     (b) Assignments by Lenders. Any Lender may at any time assign to one or more Eligible
Assignees all or a portion of its rights and obligations under this Agreement (including all or a
portion of its Commitment and the Loans (including for purposes of this subsection (b),

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participations in L/C Obligations and in Swing Line Loans) at the time owing to it);
provided that:

          (i) except (a) in the case of an assignment of the entire remaining amount of the assigning
Lender’s Commitment and the Loans at the time owing to it, which such amount is less than the
applicable minimum transfer amount set forth below, or (b) in the case of an assignment to a Lender
or an Affiliate of a Lender or an Approved Fund with respect to a Lender, the aggregate amount of
the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the Commitment
is not then in effect, the principal outstanding balance of the Loans of the assigning Lender
subject to each such assignment, determined as of the date the Assignment and Assumption with
respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is
specified in the Assignment and Assumption, as of the Trade Date, shall not be less than
$5,000,000, in the case of any assignment in respect of the Revolving Credit Facility, or
$1,000,000, in the case of any assignment in respect of the Term Loan Facility, unless each of the
Administrative Agent and, so long as no Event of Default has occurred and is continuing, the US
Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed);
provided, however, that concurrent assignments to members of an Assignee Group and
concurrent assignments from members of an Assignee Group to a single Eligible Assignee (or to an
Eligible Assignee and members of its Assignee Group) will be treated as a single assignment for
purposes of determining whether such minimum amount has been met;

          (ii) each partial assignment shall be made as an assignment of a proportionate part of all the
assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the
Commitment assigned, except that this clause (ii) shall not apply to rights in respect of Swing
Line Loans;

          (iii) any assignment of a Revolving Credit Commitment must be approved by the Administrative
Agent, the L/C Issuer and the Swing Line Lender (such approval not to be unreasonably withheld or
delayed) unless the Person that is the proposed assignee is itself a Lender (whether or not the
proposed assignee would otherwise qualify as an Eligible Assignee);

          (iv) any assignment of Loans and/or Commitments under the Revolving Credit Facility by a
Lender holding both US Borrower Revolving Credit Loans and Dutch Borrower Revolving Credit Loans
and/or both US Borrower Revolving Credit Commitments and Dutch Borrower Revolving Credit
Commitments must be allocated pro rata between Loans and Commitments under the US Borrower
Revolving Credit Facility and the Dutch Borrower Revolving Credit Facility; and

          (v) the parties to each assignment shall execute and deliver to the Administrative Agent an
Assignment and Assumption, together with a processing and recordation fee in the amount, if any,
required as set forth in Schedule 10.06 (provided however, that the
Administrative Agent may in its sole discretion, elect to waive such processing and recordation fee
in the case of any assignment and does hereby waive such processing and recordation fee in the case
of an assignment by a Lender to an Affiliate of such Lender) and the Eligible Assignee, if it shall
not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.

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Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection (c)
of this Section, from and after the closing date specified in each Assignment and Assumption, the
Eligible Assignee thereunder shall be a party to this Agreement and, to the extent of the interest
assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this
Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by
such Assignment and Assumption, be released from its obligations under this Agreement (and, in the
case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations
under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be
entitled to the benefits of Section 3.01, 3.04, 3.05 and 10.04 with
respect to facts and circumstances occurring prior to the closing date of such assignment. Upon
request, the applicable Borrower (at its expense) shall execute and deliver a Note to the assignee
Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that
does not comply with this subsection shall be treated for purposes of this Agreement as a sale by
such Lender of a participation in such rights and obligations in accordance with subsection (d) of
this Section.

     (c) Register. The Administrative Agent, acting solely for this purpose as an agent of
the Borrowers, shall maintain at the Administrative Agent’s Office a copy of each Assignment and
Assumption delivered to it and a register for the recordation of the names and addresses of the
Lenders, and the Commitments of, and principal amounts (and stated interest) of the Loans and L/C
Obligations owing to, each Lender pursuant to the terms hereof from time to time (the
“Register”). The entries in the Register shall be conclusive, and the Borrowers, the
Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register
pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement,
notwithstanding notice to the contrary. Any assignment of any Loan, whether or not evidenced by a
Note, shall be effective only upon appropriate entries with respect thereto being made in the
Register (and each Note shall expressly so provide). The Register shall be available for
inspection by the Borrowers and the L/C Issuer at any reasonable time and from time to time upon
reasonable prior notice. In addition, at any time that a request for a consent for a material or
substantive change to the Loan Documents is pending, any Lender may request and receive from the
Administrative Agent a copy of the Register.

     (d) Participations. Any Lender may at any time, without the consent of, or notice to,
the US Borrower, the Dutch Borrower or the Administrative Agent, sell participations to any Person
(other than a natural person or the US Borrower, the Dutch Borrower or any of the US Borrower’s or
the Dutch Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a
portion of such Lender’s rights and/or obligations under this Agreement (including all or a
portion of its Commitment and/or the Loans (including such Lender’s participations in L/C
Obligations and/or Swing Line Loans) owing to it); provided that (i) such Lender’s
obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely
responsible to the other parties hereto for the performance of such obligations and (iii) the US
Borrower, the Dutch Borrower, the Administrative Agent, the Lenders and the L/C Issuer shall
continue to deal solely and directly with such Lender in connection with such Lender’s rights and
obligations under this Agreement.

     Any agreement or instrument pursuant to which a Lender sells such a participation shall
provide that such Lender shall retain the sole right to enforce this Agreement and to approve any

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amendment, modification or waiver of any provision of this Agreement; provided that such
agreement or instrument may provide that such Lender will not, without the consent of the
Participant, agree to any amendment, waiver or other modification described in clauses (a), (b)
(c), and (f) of the first proviso to Section 10.01 that affects such Participant. Subject
to subsection (e) of this Section, each of the US Borrower and the Dutch Borrower agrees that each
Participant shall be entitled to the benefits of Section 3.01, 3.04 and
3.05 to the same extent as if it were a Lender and had acquired its interest by assignment,
provided, that in the case of Section 3.01, such Participant shall have complied
with the requirements of such section. To the extent permitted by law, each Participant also shall
be entitled to the benefits of Section 10.08 as though it were a Lender, provided
such Participant agrees to be subject to Section 2.13 as though it were a Lender.

     Each Lender that sells a participation, acting for this purpose as a non-fiduciary agent
(solely for tax purposes) of the Borrower, shall maintain a register for the recordation of the
names and addresses of the Participants and principal amount (and stated interest) of each
Participant’s interest in the Loans or other obligations under this Agreement (the “Participant
Register”). The entries in the Participant Register shall be conclusive, and such Lender and
each Loan Party shall treat each Person whose name is recorded in the Participant Register pursuant
to the terms hereof as the owner of such participation for all purposes of this Agreement,
notwithstanding notice to the contrary.

     (e) Limitation upon Participant Rights. A Participant shall not be entitled to
receive any greater payment under Section 3.01, 3.04 or 3.05 than the
applicable Lender would have been entitled to receive with respect to the participation sold to
such Participant, unless the sale of the participation to such Participant is made with the
Borrowers’ prior written consent. No Participant shall be entitled to the benefits of
Section 3.01 unless the Borrowers are notified of the participation sold to such
Participant and such Participant agrees, for the benefit of the Borrowers, to comply with
Section 3.01(e) as though it were a Lender.

     (f) Certain Pledges. Any Lender may at any time pledge or assign a security interest
in all or any portion of its rights under this Agreement (including under its Note(s), if any) to
secure obligations of such Lender to a Federal Reserve Bank; provided that no such pledge
or assignment shall release such Lender from any of its obligations hereunder or substitute any
such pledgee or assignee for such Lender as a party hereto.

     (g) Electronic Execution of Assignments. The words “execution,” “signed,”
“signature,” and words of like import in any Assignment and Assumption shall be deemed to
include electronic signatures or the keeping of records in electronic form, each of which
shall be of the same legal effect, validity or enforceability as a manually executed signature or
the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided
for in any applicable law, including the Federal Electronic Signatures in Global and National
Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state
Laws based on the Uniform Electronic Transactions Act.

     (h) Resignation as L/C Issuer or Swing Line Lender after Assignment. Notwithstanding
anything to the contrary contained herein, if at any time Bank of America or any other L/C Issuer
assigns all of its Commitment and Loans pursuant to subsection (b) above,

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Bank of America or any
other L/C Issuer may, (i) upon 30 days’ notice to the US Borrower, the Dutch Borrower and the
Lenders, resign as L/C Issuer and/or (ii) upon 30 days’ notice to the US Borrower and the Dutch
Borrower, resign as Swing Line Lender. In the event of any such resignation as L/C Issuer or Swing
Line Lender, the US Borrower shall be entitled to appoint from among the Lenders a successor L/C
Issuer or Swing Line Lender hereunder; provided, however, that no failure by the US
Borrower to appoint any such successor shall affect the resignation of such L/C Issuer or Swing
Line Lender, as the case may be. If Bank of America resigns as L/C Issuer, it shall retain all the
rights, powers, privileges and duties of the L/C Issuer hereunder with respect to all Letters of
Credit outstanding as of the effective time of its resignation as L/C Issuer and all L/C
Obligations with respect thereto (including the right to require the Lenders to make Base Rate
Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c)). If
Bank of America resigns as Swing Line Lender, it shall retain all the rights of the Swing Line
Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the
effective time of such resignation, including the right to require the Lenders to make Base Rate
Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section
2.04(c). Upon the appointment of a successor L/C Issuer and/or Swing Line Lender, (a) such
successor shall succeed to and become vested with all of the rights, powers, privileges and duties
of the retiring L/C Issuer or Swing Line Lender, as the case may be, and (b) the successor L/C
Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding
at the time of such succession or make other arrangements satisfactory to such L/C Issuer to
effectively assume the obligations of such L/C Issuer with respect to such Letters of Credit.

     10.07. Treatment of Certain Information; Confidentiality. Each of the Administrative Agent,
Arrangers, the Lenders and the L/C Issuer agrees to maintain the confidentiality of the Information
(as defined below), except that Information may be disclosed (a) on a need-to-know basis, to its
Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees,
agents, advisors and representatives for the evaluation of, administration of and enforcement of
rights under the Loan Documents (it being understood that the Persons to whom such disclosure is
made will be informed of the confidential nature of such Information and instructed to keep such
Information confidential), (b) to the extent requested by any regulatory authority purporting to
have jurisdiction over it (including any self-regulatory authority, such as the National
Association of Insurance Commissioners), (c) to the extent required by applicable Laws or
regulations or by any subpoena or similar legal process, (d) to any other party hereto subject to
any other applicable confidentiality arrangements in the Fee Letters, (e) in connection with the
exercise of any remedies hereunder or under any other Loan
Document or any action or proceeding relating to this Agreement or any other Loan Document or
the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing
provisions substantially the same as those of this Section and such Information being used for the
evaluation of, administration of and enforcement of rights under the Loan Documents, to (i) any
assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights
or obligations under this Agreement or (ii) any actual or prospective counterparty (or its
advisors) to any swap or derivative transaction relating to the Borrowers and their obligations,
(g) with the consent of the US Borrower or (h) to the extent such Information becomes publicly
available other than as a result of a breach of this Section.

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     For purposes of this Section, “Information” means all information received from the US
Borrower or any Subsidiary relating to the US Borrower or any Subsidiary or any of their respective
businesses, other than any such information that is available to the Administrative Agent, any
Arranger, any Lender or the L/C Issuer on a nonconfidential basis prior to disclosure by the US
Borrower or any Subsidiary, provided that, in the case of information received from the US
Borrower or any Subsidiary after the date hereof, such information is clearly identified at the
time of delivery as confidential. Any Person required to maintain the confidentiality of
Information as provided in this Section shall be considered to have complied with its obligation to
do so if such Person has exercised reasonable care to protect such Information, and in no event
less than the same degree of care to maintain the confidentiality of such Information as such
Person would accord to its own confidential information.

     Each of the Administrative Agent, the Arrangers, the Lenders and the L/C Issuer acknowledges
that (a) the Information may include material non-public information concerning the US Borrower or
a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of
material non-public information and (c) it will handle such material non-public information in
accordance with applicable Laws, including Federal and state securities laws.

     10.08. Right of Setoff. Upon any amount becoming due and payable hereunder (whether at stated
maturity, by acceleration or otherwise), each Lender, the L/C Issuer and each of their respective
Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted
by applicable law, to set off and apply any and all deposits (general or special, time or demand,
provisional or final, in whatever currency) at any time held and other obligations (in whatever
currency) at any time owing by such Lender, the L/C Issuer or any such Affiliate to or for the
credit or the account of a Loan Party against any and all of the obligations of such Loan Party now
or hereafter existing under this Agreement or any other Loan Document to such Lender or the L/C
Issuer, irrespective of whether or not such Lender or the L/C Issuer shall have made any demand
under this Agreement or any other Loan Document or are owed to a branch or office of such Lender or
the L/C Issuer different from the branch or office holding such deposit or obligated on such
indebtedness. The rights of each Lender, the L/C Issuer and their respective Affiliates under this
Section are in addition to other rights and remedies (including other rights of setoff) that such
Lender, the L/C Issuer or their respective Affiliates may have. Each Lender and the L/C Issuer
agrees to notify the US Borrower and the Administrative Agent promptly after any such setoff and
application, provided that the failure to give such notice shall not affect the validity of
such setoff and application.

     10.09. Interest Rate Limitation. Notwithstanding anything to the contrary contained in any
Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the
maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If
the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum
Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such
unpaid principal, refunded to the applicable Borrower. In determining whether the interest
contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum
Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that
is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary
prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in

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equal or
unequal parts the total amount of interest throughout the contemplated term of the Obligations
hereunder.

     10.10. Counterparts; Integration; Effectiveness. This Agreement may be executed in
counterparts (and by different parties hereto in different counterparts), each of which shall
constitute an original, but all of which when taken together shall constitute a single contract.
This Agreement and the other Loan Documents constitute the entire contract among the parties
relating to the subject matter hereof and supersede any and all previous agreements and
understandings, oral or written, relating to the subject matter hereof. Except as provided in
Section 4.01, this Agreement shall become effective when it shall have been executed by the
Administrative Agent and when the Administrative Agent shall have received counterparts hereof
that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an
executed counterpart of a signature page of this Agreement by telecopy or other electronic imaging
means shall be effective as delivery of a manually executed counterpart of this Agreement.

     10.11. Survival of Representations and Warranties. All representations and warranties made
hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or
in connection herewith or therewith shall survive the execution and delivery hereof and thereof.
Such representations and warranties have been or will be relied upon by the Administrative Agent
and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or
on their behalf and notwithstanding that the Administrative Agent or any Lender may have had notice
or knowledge of any Default at the time of any Credit Extension, and shall continue in full force
and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied
or any Letter of Credit shall remain outstanding.

     10.12. Severability. If any provision of this Agreement or the other Loan Documents is held
to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the
remaining provisions of this Agreement and the other Loan Documents shall not be affected or
impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the
illegal, invalid or unenforceable provisions with valid provisions the economic effect of which
comes as close as possible to that of the illegal, invalid or unenforceable provisions. The
invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction.

     10.13. Replacement of Lenders. If (a) any Lender requests compensation under Section
3.04, (b) either of the Borrowers is required to pay any additional amount to any Lender or any
Governmental Authority for the account of any Lender pursuant to Section 3.01, (c) any
Lender is at such time a Defaulting Lender or has given notice pursuant to Section 3.02 or
(d) any Lender becomes a “Nonconsenting Lender” (hereinafter defined), then the applicable
Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative
Agent, require such Lender to (and such Lender shall) assign and delegate, without recourse (in
accordance with and subject to the restrictions contained in, and consents required by, Section
10.06), all of its interest, rights and obligations under this Agreement and the related Loan
Documents to an assignee selected by the applicable Borrower that shall assume such obligations
(which assignee may be another Lender, if a Lender accepts such assignment), provided that:

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     (a) the Administrative Agent shall have received the assignment fee specified in Section
10.06(b) (provided however, that the Administrative Agent may in its sole
discretion elect to waive such processing and recordation fee in the case of any assignment);

     (b) such Lender shall have received payment of an amount equal to the outstanding principal of
its Loans and L/C Advances, accrued interest thereon, accrued fees and all other amounts payable to
it hereunder and under the other Loan Documents (including any amounts under Section 3.05)
from the assignee (to the extent of such outstanding principal and accrued interest and fees) or
the applicable Borrower (in the case of all other amounts);

     (c) in the case of any such assignment resulting from a claim for compensation under
Section 3.04 or payments required to be made pursuant to Section 3.01, such
assignment will result in a reduction in such compensation or payments thereafter;

     (d) such assignment does not conflict with applicable Laws, and

     (e) neither the Administrative Agent nor any Lender shall be obligated to be or to find the
assignee.

     A Lender shall not be required to make any such assignment or delegation if, prior thereto, as
a result of a waiver by such Lender or otherwise, the circumstances entitling the applicable
Borrower to require such assignment and delegation cease to apply. In the event that (x) the
applicable Borrower or the Administrative Agent has requested the Lenders to consent to a departure
or waiver of any provisions of the Loan Documents or to agree to any amendment thereto and (y) the
Required Lenders have agreed to such consent, waiver or amendment, then any Lender who does not
agree to such consent, waiver or amendment shall be deemed a “Nonconsenting Lender.” Any
such replacement shall not be deemed a waiver of any rights that the Borrowers shall have against
the replaced Lender.

     10.14. Governing Law; Jurisdiction; Etc.

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

     (b) SUBMISSION TO JURISDICTION. THE US BORROWER, THE DUTCH BORROWER AND EACH OTHER
LOAN PARTY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE
NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF
THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM
ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER
LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO
IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING
MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN
ANY SUCH ACTION OR PROCEEDING SHALL

121

 

BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY
SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY
OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS
AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST THE US BORROWER, THE DUTCH BORROWER OR ANY OTHER LOAN
PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.

     (c) WAIVER OF VENUE. THE US BORROWER, THE DUTCH BORROWER AND EACH OTHER LOAN PARTY
IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING
ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN
PARAGRAPH (B) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE
OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT.

     (d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS
IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02. NOTHING IN THIS AGREEMENT WILL AFFECT
THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW.

     10.15. Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN
DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY
OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR
ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON
WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES
THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER
LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

     10.16. USA PATRIOT Act Notice. Each Lender that is subject to the Act (as hereinafter
defined) and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies
the Borrowers that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56
(signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and
record information that identifies the Borrowers, which information includes the name and address
of the Borrowers and other information that will allow such Lender or the Administrative Agent, as
applicable, to identify the Borrowers in accordance with the Act.

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     10.17. Time of the Essence. Time is of the essence of the Loan Documents.

     10.18. Judgment Currency. If, for the purposes of obtaining judgment in any court, it is
necessary to convert a sum due hereunder or any other Loan Document in one currency into another
currency, the rate of exchange used shall be that at which in accordance with normal banking
procedures the Administrative Agent could purchase the first currency with such other currency on
the Business Day preceding that on which final judgment is given. The obligation of the applicable
Borrower in respect of any such sum due from it to the Administrative Agent or the Lenders
hereunder or under the other Loan Documents shall, notwithstanding any judgment in a currency (the
“Judgment Currency”) other than that in which such sum is denominated in accordance with
the applicable provisions of this Agreement (the “Agreement Currency”), be discharged only
to the extent that on the Business Day following receipt by the Administrative Agent of any sum
adjudged to be so due in the Judgment Currency, the Administrative Agent may in accordance with
normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the
amount of the Agreement Currency so purchased is less than the sum originally due to the
Administrative Agent from the applicable Borrower in the Agreement Currency, the applicable
Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the
Administrative Agent or the Person to whom such obligation was owing against such loss. If the
amount of the Agreement Currency so purchased is greater than the sum originally due to the
Administrative Agent in such currency, the Administrative Agent agrees to return the amount of any
excess to the applicable Borrower (or to any other Person who may be entitled thereto under
applicable law).

     10.19. No Advisory or Fiduciary Responsibility. In connection with all aspects of each
transaction contemplated hereby (including in connection with any amendment, waiver or other
modification hereof or of any other Loan Document), each of the US Borrower and the Dutch Borrower
acknowledges and agrees, and acknowledges its Affiliates’ understanding, that: (i) (A) the
arranging and other services regarding this Agreement provided by the Administrative Agent and the
Arrangers are arm’s-length commercial transactions between the Borrowers and their Affiliates, on
the one hand, and the Administrative Agent and the Arrangers, on the other hand, (B) each of the US
Borrower and the Dutch Borrower has consulted its own legal, accounting, regulatory and tax
advisors to the extent it has deemed appropriate, and (C) each of the US Borrower and the Dutch
Borrower is capable of evaluating, and understands and accepts, the terms, risks and conditions of the
transactions contemplated hereby and by the other Loan Documents; (ii) (A) the Administrative
Agent, each Arranger and each Lender is and has been acting solely as a principal and, except as
expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting
as an advisor, agent or fiduciary for the US Borrower, the Dutch Borrower or any of their
respective Affiliates, or any other Person and (B) neither the Administrative Agent nor any of the
Arrangers nor any Lender has any obligation to the US Borrower, the
Dutch Borrower or any of their respective Affiliates with respect to the transactions contemplated hereby except those obligations
expressly set forth herein and in the other Loan Documents; and (iii) the Administrative Agent and
the Arrangers and the Lenders and their respective Affiliates may be engaged in a broad range of
transactions that involve interests that differ from those of the US Borrower, the Dutch Borrower
and their respective Affiliates, and neither the Administrative Agent nor any of the Arrangers has
any obligation to disclose any of such interests to the US Borrower, the Dutch
Borrower or their respective Affiliates. To the fullest extent permitted by law, each of the US
Borrower and the Dutch

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 Borrower hereby waives and releases any claims that it may have against the
Administrative Agent and the Arrangers with respect to any breach or alleged breach of agency or
fiduciary duty in connection with any aspect of any transaction contemplated hereby.

     10.20. Foreign Guarantees. Notwithstanding anything expressed or implied hereunder to the
contrary, (a) no Foreign Subsidiary shall make or be required to make any payments (whether of
principal, interest, fees, additional amounts or otherwise) in respect of the Obligations of the US
Borrower and its Domestic Subsidiaries (other than as a Dutch Facility Guarantor of the Obligations
of the Dutch Borrower) or on behalf of the US Borrower or a Domestic Subsidiary (other than as a
Dutch Facility Guarantor of the Obligations of the Dutch Borrower) and (b) all payments made by a
Foreign Subsidiary shall be allocated solely to the payment of Obligations owing with respect to
the Dutch Borrower Revolving Credit Facility and interest thereon; all provisions of this Agreement
shall be interpreted consistently with clauses (a) and (b) of this sentence.

     10.21. Existing Swap Contracts. For purposes of any Swap Contract in effect as of the Closing
Date which is documented under an ISDA Master Agreement between the US Borrower and any Person who
was a lender under the Existing Credit Agreement or an Affiliate thereof (or any Person that was a
lender under the Existing Credit Agreement or an Affiliate thereof when such Swap Contract was
entered into), this Agreement shall be deemed to be an amendment of the Existing Credit Agreement
under such Swap Contract, if applicable, references to “Subsidiary Guarantors” or other similar
term intended to reference the US Subsidiary Guarantors as a “Credit Support Provider” under such
Swap Contract shall be deemed to refer to the US Subsidiary Guarantors, if applicable, references
to the “Subsidiary Guaranty” as a “Credit Support Document” under such Swap Contract shall be
deemed to refer to the US Subsidiary Guaranty, and if applicable, references to “Obligations” under
such Swap Contract, as the context requires, shall be deemed to refer to Swap Obligations.

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     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of
the date first above written.

	 	 	 	 	 
	 	US BORROWER:

PEABODY ENERGY CORPORATION, a Delaware corporation

 	 
	 	By:  	/s/ Walter L. Hawkins, Jr.
 	 
	 	 	Name:  	Walter L. Hawkins, Jr. 	 
	 	 	Title:  	Senior Vice President and Treasurer 	 
	 
	 	DUTCH BORROWER:

PEABODY HOLLAND B.V., a private company organized
under the laws of the Netherlands

	 
	 	By:  	 /s/ Walter L. Hawkins, Jr.
 	 
	 	 	Name:  	Walter L. Hawkins, Jr. 	 
	 	 	Title:  	Senior Vice President and Treasurer 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A., as
Administrative Agent

 	 
	 	By:  	/s/ Kathleen Carry
 	 
	 	 	Name:  	Kathleen Carry 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A., as a Lender, L/C Issuer and

Swing Line Lender

 	 
	 	By:  	/s/ Adam H. Fey
 	 
	 	 	Name:  	Adam H. Fey 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	BANK LEUMI USA

 	 
	 	By:  	/s/ Joung Hee Hong
 	 
	 	 	Name:  	Joung Hee Hong 	 
	 	 	Title:  	First Vice President 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.

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

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	BARCLAYS BANK PLC

 	 
	 	By:  	/s/ Sam Yoo
 	 
	 	 	Name:  	Sam Yoo 	 
	 	 	Title:  	Assistant Vice President 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	BANK OF MONTREAL, CHICAGO BRANCH

 	 
	 	By:  	/s/ Joseph W. Linder
 	 
	 	 	Name:  	Joseph W. Linder 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	BNP PARIBAS

 	 
	 	By:  	/s/ Claudia Zarate
 	 
	 	 	Name:  	Claudia Zarate 	 
	 	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	                                              /s/ Pasquale A. Perraglia IV
 	 
	 	 	Name:  	Pasquale A. Perraglia IV 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	BRANCH BANKING AND TRUST COMPANY

 	 
	 	By:  	/s/ Roger Eric Searls
 	 
	 	 	Name:  	Roger Eric Searls 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	CATERPILLAR FINANCIAL SERVICES CORPORATION

 	 
	 	By:  	/s/ Jennifer Coyle
 	 
	 	 	Name:  	Jennifer Coyle 	 
	 	 	Title:  	Managing Director 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	CITIBANK. N.A.

 	 
	 	By:  	/s/ Raymond C. Dunning
 	 
	 	 	Name:  	Raymond C. Dunning 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	CITY NATIONAL BANK, a national banking association

 	 
	 	By:  	/s/ Scott Johnson
 	 
	 	 	Name:  	Scott Johnson 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	COMERICA BANK

 	 
	 	By:  	/s/ Mark J. Leveille
 	 
	 	 	Name:  	Mark J. Leveille 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	COMMONWEALTH BANK OF AUSTRALIA

 	 
	 	By:  	/s/ Greg Caione
 	 
	 	 	Name:  	Greg Caione 	 
	 	 	Title:  	Head of Natural Resources - Americas 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	CRÉDIT INDUSTRIEL ET COMMERCIAL

 	 
	 	By:  	/s/ Brian O’Leary
 	 
	 	 	Name:  	Brian O’Leary 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	By:  	                                              /s/ Anthony Rock
 	 
	 	 	Name:  	Anthony Rock 	 
	 	 	Title:  	Managing Director 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	COMPASS BANK

 	 
	 	By:  	/s/ A. Alex Morton
 	 
	 	 	Name:  	A. Alex Morton 	 
	 	 	Title:  	Senior Vice President 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK

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

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	FIFTH THIRD BANK

 	 
	 	By:  	/s/ Robert M. Sander
 	 
	 	 	Name:  	Robert M. Sander 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	

THE GOVERNOR & COMPANY OF THE BANK OF IRELAND

 	 
	 	By:  	/s/ Carla Jones
 	 
	 	 	Name:  	Carla Jones 	 
	 	 	Title:  	Senior Manager 	 
	 
	 	 	 
	 	By:  	                                              /s/ Mary Gaffney
 	 
	 	 	Name:  	Mary Gaffney 	 
	 	 	Title:  	Authorised Signatory 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	

HSBC BANK USA, NATIONAL ASSOCIATION

 	 
	 	By:  	/s/ William S. Edge III
 	 
	 	 	Name:  	William S. Edge III 	 
	 	 	Title:  	Managing Director 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	

HUA NAN COMMERCIAL BANK, LTD.

NEW YORK AGENCY

 	 
	 	By:  	/s/ Henry Hsieh
 	 
	 	 	Name:  	Henry Hsieh 	 
	 	 	Title:  	Assistant Vice President 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	

JPMORGAN CHASE BANK, N.A.

 	 
	 	By:  	/s/ Brian Knapp
 	 
	 	 	Name:  	Brian Knapp 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	

MEGA INTERNATIONAL COMMERICAL BANK CO., LTD.

NEW YORK BRANCH

 	 
	 	By:  	/s/ Luke Hwang
 	 
	 	 	Name:  	Luke Hwang 	 
	 	 	Title:  	VP & DGM 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	

MORGAN STANLEY BANK, N.A.

 	 
	 	By:  	/s/ Sherrese Clarke
 	 
	 	 	Name:  	Sherrese Clarke 	 
	 	 	Title:  	Authorized Signatory 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	

NANYANG COMMERCIAL BANK LTD

 	 
	 	By:  	/s/ Kenneth Ng
 	 
	 	 	Name:  	Kenneth Ng  	 
	 	 	Title:  	Vice President and Branch Manager 	 
	 
	 	 	 
	 	By:  	                                               /s/ Morisa Lee
 	 
	 	 	Name:  	Morisa Lee  	 
	 	 	Title:  	Head of Finance Department 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	

NATIONAL AUSTRALIA BANK LIMITED

ABN 12 004 044 937

 	 
	 	By:  	/s/ Courtney A. Cloe
 	 
	 	 	Name:  	Courtney A. Cloe  	 
	 	 	Title:  	Director 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	

OVERSEA-CHINESE BANKING CORPORATION LIMITED, NEW YORK
AGENCY

 	 
	 	By:  	/s/ Lee Yeoh Nguan
 	 
	 	 	Name:  	Lee Yeoh Nguan  	 
	 	 	Title:  	Vice President and General Manager 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	PEOPLE’S UNITED BANK

 	 
	 	By:  	/s/ Francis J. McGinn
 	 
	 	 	Name:  	Francis J. McGinn  	 
	 	 	Title:  	Senior Commercial Loan Officer, SVP 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	PNC BANK, NATIONAL ASSOCIATION

 	 
	 	By:  	/s/ Richard C. Munsick
 	 
	 	 	Name:  	Richard C. Munsick  	 
	 	 	Title:  	Senior Vice President 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	THE ROYAL BANK OF SCOTLAND PLC

 	 
	 	By:  	/s/ Patricia Dundee
 	 
	 	 	Name:  	Patricia Dundee 	 
	 	 	Title:  	Managing Director 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	SOCIÉTÉ GÉNÉRALE

 	 
	 	By:  	/s/ Emmanuel Chesneau
 	 
	 	 	Name:  	Emmanuel Chesneau 	 
	 	 	Title:  	Managing Director 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	SOVEREIGN BANK (SANTANDER)

 	 
	 	By:  	/s/ Robert D. Lanigan
 	 
	 	 	Name:  	Robert D. Lanigan 	 
	 	 	Title:  	Senior Vice President 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	STANDARD CHARTERED BANK

 	 
	 	By:  	/s/ James P. Hughes
 	 
	 	 	Name:  	James P. Hughes A2388 	 
	 	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	                                              /s/ Andrew Y. Ng
 	 
	 	 	Name:  	Andrew Y. Ng 	 
	 	 	Title:  	Director 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	SUMITOMO MITSUI BANKING CORPORATION

 	 
	 	By:  	/s/ Natsuhiro Samejima
 	 
	 	 	Name:  	Natsuhiro Samejima 	 
	 	 	Title:  	Senior Vice President 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	STATE BANK OF INDIA (CALIFORNIA)

LOS ANGELES BRANCH

 	 
	 	By:  	/s/ U Shantharama Shenoy
 	 
	 	 	Name:  	U Shantharama Shenoy 	 
	 	 	Title:  	Vice President & Manager 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	UMB BANK, N.A.

 	 
	 	By:  	/s/ Cecil G. Wood
 	 
	 	 	Name:  	Cecil G. Wood 	 
	 	 	Title:  	Executive Vice President 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	UNICREDIT BANK AG, NEW YORK BRANCH

 	 
	 	By:  	/s/ William W. Hunter
 	 
	 	 	Name:  	William W. Hunter 	 
	 	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	                                              /s/ Annet Guderian
 	 
	 	 	Name:  	Annet Guderian 	 
	 	 	Title:  	Director 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	UNION BANK, N.A.

 	 
	 	By:  	/s/ Bryan P. Read
 	 
	 	 	Name:  	Bryan P. Read 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	UNITED OVERSEAS BANK LIMITED, NEW YORK AGENCY

 	 
	 	By:  	/s/ K. Jin Koh
 	 
	 	 	Name:  	K. Jin Koh 	 
	 	 	Title:  	GM 	 
	 
	 	 	 
	 	By:  	                                              /s/ Mario Sheng
 	 
	 	 	Name:  	Mario Sheng 	 
	 	 	Title:  	AVP 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION

 	 
	 	By:  	/s/ John Eyerman
 	 
	 	 	Name:  	John Eyerman 	 
	 	 	Title:  	Assistant Vice President 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION

 	 
	 	By:  	/s/ Richard Gan
 	 
	 	 	Name:  	Richard Gan 	 
	 	 	Title:  	Managing Director 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	WESTPAC BANKING CORPORATION

 	 
	 	By:  	/s/ Bradley Scammell
 	 
	 	 	Name:  	Bradley Scammell 	 
	 	 	Title:  	Head of Corporate and Institutional Banking Americas 	 
	 

Signature Page to Credit Agreement

 

 

	 	 	 	 	 
	 	WING LUNH BANK LTD., LOS ANGELES BRANCH

 	 
	 	By:  	/s/ Anthony P.S. Yip
 	 
	 	 	Name:  	Anthony P.S. Yip 	 
	 	 	Title:  	V.P. & Manager 	 
	 

Signature Page to Credit Agreement

 

 

Schedule 1.01(a)

to Credit Agreement

MANDATORY COST FORMULAE

	1.	 	The Mandatory Cost (to the extent applicable) is an addition to the interest rate to
compensate Lenders for the cost of compliance with:

	 	(a)	 	the requirements of the Bank of England and/or the Financial Services Authority
(or, in either case, any other authority which replaces all or any of its functions);
or
	 
	 	(b)	 	the requirements of the European Central Bank.

	2.	 	On the first day of each Interest Period (or as soon as practicable thereafter) the
Administrative Agent shall calculate, as a percentage rate, a rate (the “Additional Cost
Rate”) for each Lender, in accordance with the paragraphs set out below. The Mandatory
Cost will be calculated by the Administrative Agent as a weighted average of the Lenders’
Additional Cost Rates (weighted in proportion to the percentage participation of each Lender
in the relevant Loan) and will be expressed as a percentage rate per annum. The
Administrative Agent will, at the request of either of the Borrowers or any Lender, deliver to
such Borrower or such Lender as the case may be, a statement setting forth the calculation of
any Mandatory Cost.
	 
	3.	 	The Additional Cost Rate for any Lender lending from a Lending Office in a Participating
Member State will be the percentage notified by that Lender to the Administrative Agent. This
percentage will be certified by such Lender in its notice to the Administrative Agent as the
cost (expressed as a percentage of such Lender’s participation in all Loans made from such
Lending Office) of complying with the minimum reserve requirements of the European Central
Bank in respect of Loans made from that Lending Office.
	 
	4.	 	The Additional Cost Rate for any Lender lending from a Lending Office in the United Kingdom
will be calculated by the Administrative Agent as follows:

	 	(a)	 	in relation to any Loan in Sterling:

	 	 	 

	AB+C (B-D)+E x 0.01

 

	 	per cent per annum 
	100 - (A+C)	 

	 	(b)	 	in relation to any Loan in any currency other than Sterling:

	 	 	 

	E x 0.01

 

	 	per cent per annum 
	300	 

 

 

Where:

	 	“A” 	 	is the percentage of Eligible Liabilities (assuming these to be in excess of
any stated minimum) which that Lender is from time to time required to maintain as an
interest free cash ratio deposit with the Bank of England to comply with cash ratio
requirements.
	 
	 	“B” 	 	is the percentage rate of interest (excluding the Applicable Rate, the
Mandatory Cost and any interest charged on overdue amounts pursuant to the first
sentence of Section 2.08(b) and, in the case of interest (other than on overdue
amounts) charged at the Default Rate, without counting any increase in interest rate
effected by the charging of the Default Rate) payable for the relevant Interest Period
of such Loan.
	 
	 	“C” 	 	is the percentage (if any) of Eligible Liabilities which that Lender is
required from time to time to maintain as interest bearing Special Deposits with the
Bank of England.
	 
	 	“D” 	 	is the percentage rate per annum payable by the Bank of England to the
Administrative Agent on interest bearing Special Deposits.
	 
	 	“E” 	 	is designed to compensate Lenders for amounts payable under the Fees
Regulations and is calculated by the Administrative Agent as being the average of the
most recent rates of charge supplied by the Lenders to the Administrative Agent
pursuant to paragraph 7 below and expressed in pounds per £1,000,000.

	5.	 	For the purposes of this Schedule:

	 	(a)	 	“Eligible Liabilities” and “Special Deposits” have the meanings
given to them from time to time under or pursuant to the Bank of England Act 1998 or
(as may be appropriate) by the Bank of England;
	 
	 	(b)	 	“Fees Regulations” means the FSA Supervision Manual or such other law
or regulation as may be in force from time to time in respect of the payment of fees
for the acceptance of deposits;
	 
	 	(c)	 	“Fee Tariffs” means the fee tariffs specified in the Fees Regulations
under the activity group A.1 Deposit acceptors (ignoring any minimum fee or zero rated
fee required pursuant to the Fees Regulations but taking into account any applicable
discount rate); and
	 
	 	(d)	 	“Tariff Base” has the meaning given to it in, and will be calculated in
accordance with, the Fees Regulations.

	6.	 	In application of the above formulae, A, B, C and D will be included in the formulae as
percentages (i.e. 5% will be included in the formula as 5 and not as 0.05). A negative

Schedule 1.01(a)
Page 2

 

		 	
result obtained by subtracting D from B shall be taken as zero. The resulting figures shall
be rounded to four decimal places.

	7.	 	If requested by the Administrative Agent or either of the Borrowers, each Lender with a
Lending Office in the United Kingdom or a Participating Member State shall, as soon as
practicable after publication by the Financial Services Authority, supply to the
Administrative Agent and such Borrower, the rate of charge payable by such Lender to the
Financial Services Authority pursuant to the Fees Regulations in respect of the relevant
financial year of the Financial Services Authority (calculated for this purpose by such Lender
as being the average of the Fee Tariffs applicable to such Lender for that financial year) and
expressed in pounds per £1,000,000 of the Tariff Base of such Lender.
	 
	8.	 	Each Lender shall supply any information required by the Administrative Agent for the purpose
of calculating its Additional Cost Rate. In particular, but without limitation, each Lender
shall supply the following information in writing on or prior to the date on which it becomes
a Lender:

	 	(a)	 	its jurisdiction of incorporation and the jurisdiction of the Lending Office
out of which it is making available its participation in the relevant Loan; and
	 
	 	(b)	 	any other information that the Administrative Agent may reasonably require for
such purpose.

Each Lender shall promptly notify the Administrative Agent in writing of any change to the
information provided by it pursuant to this paragraph.

	9.	 	The percentages or rates of charge of each Lender for the purpose of A, C and E above shall
be determined by the Administrative Agent based upon the information supplied to it pursuant
to paragraphs 7 and 8 above and on the assumption that, unless a Lender
notifies the Administrative Agent to the contrary, each Lender’s obligations in relation to
cash ratio deposits, Special Deposits and the Fees Regulations are the same as those of a
typical bank from its jurisdiction of incorporation with a Lending Office in the same
jurisdiction as such Lender’s Lending Office.
	 
	10.	 	The Administrative Agent shall have no liability to any Person if such determination results
in an Additional Cost Rate which over- or under-compensates any Lender and shall be entitled
to assume that the information provided by any Lender pursuant to paragraphs 3,
7 and 8 above is true and correct in all respects.
	 
	11.	 	The Administrative Agent shall distribute the additional amounts received as a result of the
Mandatory Cost to the Lenders on the basis of the Additional Cost Rate for each Lender based
on the information provided by each Lender pursuant to paragraphs 3, 7 and
8 above.

Schedule 1.01(a)
Page 3

 

	12.	 	Any determination by the Administrative Agent pursuant to this Schedule in relation to a
formula, the Mandatory Cost, an Additional Cost Rate or any amount payable to a Lender shall,
in the absence of manifest error, be conclusive and binding on all parties hereto.
	 
	13.	 	The Administrative Agent may from time to time, after consultation with the Borrowers and the
Lenders, determine and notify to all parties any amendments which are required to be made to
this Schedule in order to comply with any change in law, regulation or any requirements from
time to time imposed by the Bank of England, the Financial Services Authority or the European
Central Bank (or, in any case, any other authority which replaces all or any of its functions)
and any such determination shall, in the absence of manifest error, be conclusive and binding
on all parties hereto.

Schedule 1.01(a)
Page 4

 

Schedule 2.01

to Credit Agreement

COMMITMENTS AND APPLICABLE PERCENTAGES

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Revolving Loan	 	Term Loan	 	 
	 	 	Allocation	 	Allocation	 	Total Allocation
	Institution	 	Percentage	 	Percentage	 	Percentage
	Bank Leumi USA
	 	 	1.75000000	%	 	 	1.75000000	%	 	 	1.75000000	%
	Bank of America, N.A.
	 	 	4.50000000	%	 	 	4.50000000	%	 	 	4.50000000	%
	Bank of Tokyo Mitsubishi
UFJ, Ltd. (The)
	 	 	1.45000000	%	 	 	1.45000000	%	 	 	1.45000000	%
	Barclays Bank PLC
	 	 	2.90000000	%	 	 	2.90000000	%	 	 	2.90000000	%
	Bank of Montreal,
Chicago Branch
	 	 	2.90000000	%	 	 	2.90000000	%	 	 	2.90000000	%
	BNP Paribas
	 	 	3.50000000	%	 	 	3.50000000	%	 	 	3.50000000	%
	Branch Banking & Trust
Company
	 	 	2.00000000	%	 	 	2.00000000	%	 	 	2.00000000	%
	Caterpillar Financial
Services Corporation
	 	 	1.25000000	%	 	 	1.25000000	%	 	 	1.25000000	%
	Citibank, N.A.
	 	 	4.50000000	%	 	 	4.50000000	%	 	 	4.50000000	%
	City National Bank
	 	 	0.75000000	%	 	 	0.75000000	%	 	 	0.75000000	%
	Comerica Bank
	 	 	1.50000000	%	 	 	1.50000000	%	 	 	1.50000000	%
	Commonwealth Bank of
Australia
	 	 	2.90000000	%	 	 	2.90000000	%	 	 	2.90000000	%
	Crédit Industriel et
Commercial
	 	 	1.75000000	%	 	 	1.75000000	%	 	 	1.75000000	%
	Compass Bank
	 	 	2.90000000	%	 	 	2.90000000	%	 	 	2.90000000	%
	Credit Agricole
Corporate and Investment
Bank
	 	 	3.50000000	%	 	 	3.50000000	%	 	 	3.50000000	%
	Fifth Third Bank, an
Ohio Banking Corporation
	 	 	2.50000000	%	 	 	2.50000000	%	 	 	2.50000000	%
	Governor & Company of
the Bank of Ireland
(The)
	 	 	2.00000000	%	 	 	2.00000000	%	 	 	2.00000000	%
	HSBC Bank USA National
Association
	 	 	4.50000000	%	 	 	4.50000000	%	 	 	4.50000000	%
	Hua Nan Commercial Bank,
Ltd. New York Agency
	 	 	0.75000000	%	 	 	0.75000000	%	 	 	0.75000000	%
	JP Morgan Chase Bank,
N.A.
	 	 	2.90000000	%	 	 	2.90000000	%	 	 	2.90000000	%
	Mega International
Commercial Bank Co.,
Ltd. New York Branch
	 	 	0.60000000	%	 	 	0.60000000	%	 	 	0.60000000	%
	Morgan Stanley Bank, N.A.
	 	 	4.00000000	%	 	 	4.00000000	%	 	 	4.00000000	%
	Nanyang Commercial Bank,
Ltd.
	 	 	1.00000000	%	 	 	1.00000000	%	 	 	1.00000000	%

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Revolving Loan	 	Term Loan	 	 
	 	 	Allocation	 	Allocation	 	Total Allocation
	Institution	 	Percentage	 	Percentage	 	Percentage
	National Australia Bank
Limited
	 	 	1.75000000	%	 	 	1.75000000	%	 	 	1.75000000	%
	Oversea-Chinese Banking
Corporation Limited, New
York Agency
	 	 	2.90000000	%	 	 	2.90000000	%	 	 	2.90000000	%
	People’s United Bank
	 	 	1.00000000	%	 	 	1.00000000	%	 	 	1.00000000	%
	PNC Bank, National
Association
	 	 	3.50000000	%	 	 	3.50000000	%	 	 	3.50000000	%
	Royal Bank of Scotland
plc (The)
	 	 	4.00000000	%	 	 	4.00000000	%	 	 	4.00000000	%
	Société Générale
	 	 	3.50000000	%	 	 	3.50000000	%	 	 	3.50000000	%
	Sovereign Bank
	 	 	2.90000000	%	 	 	2.90000000	%	 	 	2.90000000	%
	Standard Chartered Bank
	 	 	2.90000000	%	 	 	2.90000000	%	 	 	2.90000000	%
	Sumitomo Mitsui Banking
Corporation, New York
	 	 	2.90000000	%	 	 	2.90000000	%	 	 	2.90000000	%
	State Bank of India
(California), Los
Angeles Branch
	 	 	0.75000000	%	 	 	0.75000000	%	 	 	0.75000000	%
	UMB Bank, N.A.
	 	 	1.50000000	%	 	 	1.50000000	%	 	 	1.50000000	%
	UniCredit Bank AG, New
York Branch
	 	 	2.00000000	%	 	 	2.00000000	%	 	 	2.00000000	%
	Union Bank, N.A.
	 	 	1.45000000	%	 	 	1.45000000	%	 	 	1.45000000	%
	United Overseas Bank
Limited, New York Agency
	 	 	1.75000000	%	 	 	1.75000000	%	 	 	1.75000000	%
	U.S. Bank National
Association
	 	 	2.90000000	%	 	 	2.90000000	%	 	 	2.90000000	%
	Wells Fargo Bank, N.A.
	 	 	3.50000000	%	 	 	3.50000000	%	 	 	3.50000000	%
	Westpac Banking
Corporation
	 	 	2.50000000	%	 	 	2.50000000	%	 	 	2.50000000	%
	Wing Lung Bank Ltd., Los
Angeles Branch
	 	 	2.00000000	%	 	 	2.00000000	%	 	 	2.00000000	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Total
	 	 	100.00000000	%	 	 	100.00000000	%	 	 	100.00000000	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 

 

 

Schedule 10.02

to Credit Agreement

ADMINISTRATIVE AGENT’S OFFICE; CERTAIN ADDRESSES FOR NOTICES

Administrative Agent:

For notices with respect to borrowings, payments, conversions, continuations, fees and/or interest:

Bank of America, N.A.

101 N Tryon St

Mail Code: NC1-001-04-39

Charlotte, NC 28255

Attn: Duane Lathan

Telephone: (980) 387-2419

Fax: (704) 602-3672

E-mail: duane.lathan@bankofamerica.com

For all other notices:

Bank of America, N.A.

1455 Market Street

Mail Code: CA5-701-05-19

San Francisco, CA 94103

Attn: Kathleen Carry

Telephone: (415) 436-4001

Fax: (415) 503-5001

E-mail: Kathleen.Carry@BAML.com

Borrower:

Peabody Energy Corporation

701 Market Street

St. Louis, Missouri 63101

Attention: Treasurer

Fax: (314) 342-7740

E-mail: whawkins@peabodyenergy.com

US Borrower Website:

www.peabodyenergy.com

 

 

Schedule 10.06

to Credit Agreement

PROCESSING AND RECORDATION FEES

     The Administrative Agent will charge a processing and recordation fee (an “Assignment
Fee”) in the amount of $2,500 for each assignment; provided, however, that in
the event of two or more concurrent assignments to members of the same Assignee Group (which may be
effected by a suballocation of an assigned amount among members of such Assignee Group) or two or
more concurrent assignments by members of the same Assignee Group to a single Eligible Assignee (or
to an Eligible Assignee and members of its Assignee Group), the Assignment Fee will be $2,500 plus
the amount set forth below:

	 	 	 	 	 
	Transaction	 	Assignment Fee
	 
	 	 	 	 
	First four concurrent assignments or suballocations to
members of an Assignee Group (or from members of an
Assignee Group, as applicable)
	 	 	-0-	 
	 
	 	 	 	 
	Each additional concurrent assignment or suballocation to a
member of such Assignee Group (or from a member of such
Assignee Group, as applicable)
	 	$	500	 

 

 

EXHIBIT A

FORM OF BORROWING NOTICE

Date:                     ,           

	To: 	 	 Bank of America, N.A., as Administrative Agent

Ladies and Gentlemen:

     Reference is made to that certain Credit Agreement, dated as of June 18, 2010 (as amended,
restated, extended, supplemented or otherwise modified in writing from time to time, the
“Agreement”; the terms defined therein being used herein as therein defined), among PEABODY
ENERGY CORPORATION, a Delaware corporation (the “US Borrower”), PEABODY HOLLAND B.V., a
private company organized under the laws of the Netherlands (the “Dutch Borrower”), the
Lenders from time to time party thereto, Banc of America Securities LLC, Citigroup Global Markets,
Inc. and HSBC Securities (USA) Inc., as Joint Lead Arrangers and Joint Book Managers and Bank of
America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer.

     The [US]/[Dutch] Borrower hereby requests (select one):

     o A Borrowing of Loans                     o A conversion or continuation of Loans

	 	1.	 	On                                                                   (a Business Day).
	 
	 	2.	 	In the amount of                                          .
	 
	 	3.	 	Comprised of                                                 .

                           [Type of Loan requested]
	 
	 	4.	 	In the following currency:                                                           
	 
	 	5.	 	For Eurocurrency Rate Loans: with an Interest Period of ___ months.

     The Borrowing, if any, requested herein complies with the provisos to the first sentence of
Section [2.01(a)][2.01(b)(i)][2.01(b)(ii)] of the Agreement.

[Signature page to follow]

A-1

Form of Borrowing Notice

 

 

	 	 	 	 	 
	 	[PEABODY ENERGY CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	] 
	 
	 
	 	[PEABODY HOLLAND B.V.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	] 
	 

A-2

Form of Borrowing Notice

 

 

EXHIBIT B

FORM OF SWING LINE LOAN NOTICE

Date:                     ,           

	To: 	 	 Bank of America, N.A., as Swing Line Lender

Bank of America, N.A., as Administrative Agent

Ladies and Gentlemen:

     Reference is made to that certain Credit Agreement, dated as of June 18, 2010 (as amended,
restated, extended, supplemented or otherwise modified in writing from time to time, the
“Agreement”; the terms defined therein being used herein as therein defined), among PEABODY
ENERGY CORPORATION, a Delaware corporation (the “US Borrower”), PEABODY HOLLAND B.V., a
private company organized under the laws of the Netherlands (the “Dutch Borrower”), the
Lenders from time to time party thereto, Banc of America Securities LLC, Citigroup Global Markets,
Inc. and HSBC Securities (USA) Inc., as Joint Lead Arrangers and Joint Book Managers and Bank of
America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer.

     The undersigned hereby requests a Swing Line Loan:

	 	1.	 	On                                                              (a Business Day).
	 
	 	2.	 	In the amount of $                                        .

     The Swing Line Borrowing requested herein complies with the requirements of the provisos to
the first sentence of Section 2.04(a) of the Agreement.

[Signature page to follow]

B-1

Form of Swing Line Loan Notice

 

 

	 	 	 	 	 
	 	PEABODY ENERGY CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

B-2

Form of Swing Line Loan Notice

 

 

EXHIBIT C-1

FORM OF TERM NOTE

                                        

     FOR VALUE RECEIVED, PEABODY ENERGY CORPORATION, a Delaware corporation (the “US
Borrower”), hereby promises to pay to                                               or registered assigns (the
“Lender”), in accordance with the provisions of the Agreement (as hereinafter defined), the
principal amount of $[___] or so much thereof as shall constitute Term Loans made by the Lender to
the US Borrower under that certain Credit Agreement, dated as of June 18, 2010 (as amended,
restated, extended, supplemented or otherwise modified in writing from time to time, the
“Agreement”; the terms defined therein being used herein as therein defined), among the US
Borrower, PEABODY HOLLAND B.V., a private company organized under the laws of the Netherlands (the
“Dutch Borrower”), the Lenders from time to time party thereto, Banc of America Securities
LLC, Citigroup Global Markets, Inc. and HSBC Securities (USA) Inc., as Joint Lead Arrangers and
Joint Book Managers and Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C
Issuer.

     The US Borrower promises to pay interest on the unpaid principal amount of each Term Loan from
the date of such Term Loan until such principal amount is paid in full, at such interest rates and
at such times as provided in the Agreement. All payments of principal and interest shall be made
to the Administrative Agent for the account of the Lender in the currency in which such Term Loan
was denominated and in Same Day Funds at the Administrative Agent’s Office for such currency. If
any amount is not paid in full when due hereunder, such unpaid amount shall bear interest, to be
paid upon demand, from the due date thereof until the date of actual payment (and before as well as
after judgment) computed at the per annum rate set forth in the Agreement.

     This Term Note is one of the Notes referred to in the Agreement, is entitled to the benefits
thereof and may be prepaid in whole or in part subject to the terms and conditions provided
therein. This Term Note is also entitled to the benefits of the US Subsidiary Guaranty. Upon the
occurrence and continuation of one or more of the Events of Default specified in the Agreement, all
amounts then remaining unpaid on this Term Note may shall become, or may be declared to be,
immediately due and payable all as provided in the Agreement. Term Loans made by the Lender shall
be evidenced by one or more loan accounts or records maintained by the Lender in the ordinary
course of business. The Lender may also attach schedules to this Term Note and endorse thereon the
date, amount, currency and maturity of its Term Loans and payments with respect thereto.

     Unless and until a transfer of the obligations evidenced hereby shall have been accepted by
the Administrative Agent and recorded in the Register, the US Borrower, the Administrative

C-1-1

Form of Term Note

 

 

Agent and the lenders under the Credit Agreement shall be entitled to deem and treat the
transferring Lender as the owner and holder of this Term Note and the obligations evidenced hereby.

     The US Borrower, for itself, its successors and assigns, hereby waives diligence, presentment,
protest and demand and notice of protest, demand, dishonor and non-payment of this Term Note.

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

	 	 	 	 	 
	 	PEABODY ENERGY CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

C-1-2

Form of Term Note

 

 

LOANS AND PAYMENTS WITH RESPECT THERETO

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Amount of	 	 	 	 
	 	 	 	 	Currency	 	 	 	Principal or	 	Outstanding	 	 
	 	 	 	 	and	 	End of	 	Interest	 	Principal	 	 
	 	 	Type of	 	Amount of	 	Interest	 	Paid This	 	Balance	 	Notation
	Date	 	Loan Made	 	Loan Made	 	Period	 	Date	 	This Date	 	Made By
	 	 	 	 	 	 	 	 	 	 	 	 	 

C-1-3

Form of Term Note

 

 

EXHIBIT C-2A

FORM OF US FACILITY REVOLVING CREDIT NOTE

     FOR VALUE RECEIVED, PEABODY ENERGY CORPORATION, a Delaware corporation (the “US
Borrower”), hereby promises to pay to
                                         or registered assigns (the
“Lender”), in accordance with the provisions of the Agreement (as hereinafter defined), the
principal amount of each US Borrower Revolving Credit Loan from time to time made by the Lender to
the US Borrower under that certain Credit Agreement, dated as of June 18, 2010 (as amended,
restated, extended, supplemented or otherwise modified in writing from time to time, the
“Agreement”; the terms defined therein being used herein as therein defined), among the US
Borrower, PEABODY HOLLAND B.V., a private company organized under the laws of the Netherlands (the
“Dutch Borrower”), the Lenders from time to time party thereto, Banc of America Securities
LLC, Citigroup Global Markets, Inc. and HSBC Securities (USA) Inc., as Joint Lead Arrangers and
Joint Book Managers and Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C
Issuer.

     The US Borrower promises to pay interest on the unpaid principal amount of each US Borrower
Revolving Credit Loan from the date of such US Borrower Revolving Credit Loan until such principal
amount is paid in full, at such interest rates and at such times as provided in the Agreement.
Except as otherwise provided in Section 2.04(f) of the Agreement with respect to Swing Line
Loans, all payments of principal and interest shall be made to the Administrative Agent for the
account of the Lender in the currency in which such US Borrower Revolving Credit Loan was
denominated and in Same Day Funds at the Administrative Agent’s Office for such currency. If any
amount is not paid in full when due hereunder, such unpaid amount shall bear interest, to be paid
upon demand, from the due date thereof until the date of actual payment (and before as well as
after judgment) computed at the per annum rate set forth in the Agreement.

     This US Facility Revolving Credit Note is one of the Notes referred to in the Agreement, is
entitled to the benefits thereof and may be prepaid in whole or in part subject to the terms and
conditions provided therein. This US Facility Revolving Credit Note is also entitled to the
benefits of the US Subsidiary Guaranty. Upon the occurrence and continuation of one or more of the
Events of Default specified in the Agreement, all amounts then remaining unpaid on this US Facility
Revolving Credit Note shall become, or may be declared to be, immediately due and payable all as
provided in the Agreement. US Borrower Revolving Credit Loans made by the Lender shall be
evidenced by one or more loan accounts or records maintained by the Lender in the ordinary course
of business. The Lender may also attach schedules to this US Facility Revolving Credit Note and
endorse thereon the date, amount, currency and maturity of its US Borrower Revolving Credit Loans
and payments with respect thereto.

C-2A-1

Form of US Facility Revolving Credit Note

 

 

     Unless and until a transfer of the obligations evidenced hereby shall have been accepted by
the Administrative Agent and recorded in the Register, the US Borrower, the Administrative Agent
and the lenders under the Credit Agreement shall be entitled to deem and treat the transferring
Lender as the owner and holder of this US Facility Revolving Credit Note and the obligations
evidenced hereby.

     The US Borrower, for itself, its successors and assigns, hereby waives diligence, presentment,
protest and demand and notice of protest, demand, dishonor and non-payment of this US Facility
Revolving Credit Note.

     THIS US FACILITY REVOLVING CREDIT NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK.

	 	 	 	 	 
	 	PEABODY ENERGY CORPORATION
 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

C-2A-2

Form of US Facility Revolving Credit Note

 

 

LOANS AND PAYMENTS WITH RESPECT THERETO

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Amount of	 	 	 	 
	 	 	 	 	Currency	 	 	 	Principal or	 	Outstanding	 	 
	 	 	 	 	and	 	End of	 	Interest	 	Principal	 	 
	 	 	Type of	 	Amount of	 	Interest	 	Paid This	 	Balance	 	Notation
	Date	 	Loan Made	 	Loan Made	 	Period	 	Date	 	This Date	 	Made By
	 	 	 	 	 	 	 	 	 	 	 	 	 

C-2A-3

Form of US Facility Revolving Credit Note

 

 

EXHIBIT C-2B

FORM OF DUTCH FACILITY REVOLVING CREDIT NOTE

     FOR VALUE RECEIVED, PEABODY HOLLAND B.V., a private company organized under the laws of
the Netherlands (the “Dutch Borrower”), hereby promises to pay to                                          or
registered assigns (the “Lender”), in accordance with the provisions of the Agreement (as
hereinafter defined), the principal amount of each Dutch Borrower Revolving Credit Loan from time
to time made by the Lender to the Dutch Borrower under that certain Credit Agreement, dated as of
June 18, 2010 (as amended, restated, extended, supplemented or otherwise modified in writing from
time to time, the “Agreement”; the terms defined therein being used herein as therein
defined), among PEABODY ENERGY CORPORATION, a Delaware corporation (the “US Borrower”), the
Dutch Borrower, the Lenders from time to time party thereto, Banc of America Securities LLC,
Citigroup Global Markets, Inc. and HSBC Securities (USA) Inc., as Joint Lead Arrangers and Joint
Book Managers and Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer.

     The Dutch Borrower promises to pay interest on the unpaid principal amount of each Dutch
Borrower Revolving Credit Loan from the date of such Dutch Borrower Revolving Credit Loan until
such principal amount is paid in full, at such interest rates and at such times as provided in the
Agreement. All payments of principal and interest shall be made to the Administrative Agent for
the account of the Lender in the currency in which such Dutch Borrower Revolving Credit Loan was
denominated and in Same Day Funds at the Administrative Agent’s Office for such currency. If any
amount is not paid in full when due hereunder, such unpaid amount shall bear interest, to be paid
upon demand, from the due date thereof until the date of actual payment (and before as well as
after judgment) computed at the per annum rate set forth in the Agreement.

     This Dutch Facility Revolving Credit Note is one of the Notes referred to in the Agreement, is
entitled to the benefits thereof and may be prepaid in whole or in part subject to the terms and
conditions provided therein. This Dutch Facility Revolving Credit Note is also entitled to the
benefits of the Dutch Facility Guaranty. Upon the occurrence and continuation of one or more of
the Events of Default specified in the Agreement, all amounts then remaining unpaid on this Dutch
Facility Revolving Credit Note shall become, or may be declared to be, immediately due and payable
all as provided in the Agreement. Dutch Borrower Revolving Credit Loans made by the Lender shall
be evidenced by one or more loan accounts or records maintained by the Lender in the ordinary
course of business. The Lender may also attach schedules to this Dutch Facility Revolving Credit
Note and endorse thereon the date, amount,

C-2B-1

Form of Dutch Facility Revolving Credit Note

 

 

currency and maturity of its Dutch Borrower Revolving Credit Loans and payments with respect
thereto.

     Unless and until a transfer of the obligations evidenced hereby shall have been accepted by
the Administrative Agent and recorded in the Register, the Dutch Borrower, the Administrative Agent
and the lenders under the Credit Agreement shall be entitled to deem and treat the transferring
Lender as the owner and holder of this Dutch Facility Revolving Credit Note and the obligations
evidenced hereby.

     The Dutch Borrower, for itself, its successors and assigns, hereby waives diligence,
presentment, protest and demand and notice of protest, demand, dishonor and non-payment of this
Dutch Facility Revolving Credit Note.

     THIS DUTCH FACILITY REVOLVING CREDIT NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK.

	 	 	 	 	 
	 	PEABODY HOLLAND B.V.
 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

C-2B-2

Form of Dutch Facility Revolving Credit Note

 

 

LOANS AND PAYMENTS WITH RESPECT THERETO

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Amount of	 	 	 	 
	 	 	 	 	Currency	 	 	 	Principal or	 	Outstanding	 	 
	 	 	 	 	and	 	End of	 	Interest	 	Principal	 	 
	 	 	Type of	 	Amount of	 	Interest	 	Paid This	 	Balance	 	Notation
	Date	 	Loan Made	 	Loan Made	 	Period	 	Date	 	This Date	 	Made By
	 	 	 	 	 	 	 	 	 	 	 	 	 

C-2B-3

Form of Dutch Facility Revolving Credit Note

 

 

EXHIBIT D

FORM OF COMPLIANCE CERTIFICATE

Financial Statement Date:                     ,

To:     Bank of America, N.A., as Administrative Agent

Ladies and Gentlemen:

     Reference is made to that certain Credit Agreement, dated as of June 18, 2010 (as amended,
restated, extended, supplemented or otherwise modified in writing from time to time, the
“Agreement”; the terms defined therein being used herein as therein defined), among PEABODY
ENERGY CORPORATION, a Delaware corporation (the “US Borrower”), PEABODY HOLLAND B.V., a
private company organized under the laws of the Netherlands (the “Dutch Borrower”), the
Lenders from time to time party thereto, Banc of America Securities LLC, Citigroup Global Markets,
Inc. and HSBC Securities (USA) Inc., as Joint Lead Arrangers and Joint Book Managers, and Bank of
America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer.

     The undersigned Responsible Officer hereby certifies as of the date hereof that he/she is the
                                                             of the US Borrower, and that, as such, he/she is authorized to execute and deliver this Certificate
to the Administrative Agent on the behalf of the US Borrower, and that:

[Use following paragraph 1 for fiscal year-end financial statements]

     1. Attached hereto as Schedule 1 are the year-end audited financial statements
required by Section 6.01(a) of the Agreement for the fiscal year of the US Borrower ended
as of the above date, together with the report and opinion of an independent certified public
accountant required by such section.

[Use following paragraph 1 for fiscal quarter-end financial statements]

     1. Attached hereto as Schedule 1 are the unaudited financial statements required by
Section 6.01(b) of the Agreement for the fiscal quarter of the US Borrower ended as of the
above date. Such financial statements fairly present in all material respects the financial
condition, results of operations, changes in shareholders’ equity and cash flows of the US Borrower
and its Subsidiaries in accordance with GAAP as at such date and for such period, subject only to
normal year-end audit adjustments and the absence of footnotes.

D-1

Form of Compliance Certificate

 

 

     2. The undersigned has reviewed and is familiar with the terms of the Agreement and has made,
or has caused to be made under his/her supervision, a review of the financial condition of the US
Borrower during the accounting period covered by the attached financial statements.

     3. A review of the activities of the US Borrower during such fiscal period has been made under
the supervision of the undersigned with a view to determining whether during such fiscal period the
US Borrower performed and observed all of its US Borrower Obligations under the Loan Documents and
the Dutch Borrower performed and observed all of its Dutch Borrower Obligations under the Loan
Documents, and

[select one:]

     [to the best knowledge of the undersigned during such fiscal period, the US Borrower and the
Dutch Borrower performed and observed each covenant of the Loan Documents applicable to it and no
Default has occurred and is continuing.]

—or—

     [the following covenants have not been performed or observed and the following is a
list of each such Default and its nature and status:]

     4. The financial covenant analyses and information set forth on Schedule 2 attached
hereto are true and accurate in all material respects on and as of the date of this Certificate.

     5. To the best of such Responsible Officer’s knowledge, as of the date hereof, all
Subsidiaries of the US Borrower who are required to be Guarantors, pursuant to the Agreement by
virtue of the definition of US Subsidiary Guarantor or, after the Dutch Facility Closing Date,
Dutch Facility Guarantor under the Agreement, are US Subsidiary Guarantors or Dutch Facility
Guarantors, as applicable[, except for the following Subsidiaries which are in the process of
complying with the requirements of Section 6.12(a) of the Agreement].

     6. Unless as stated otherwise in a certificate of a Responsible Officer attached hereto, there
has been no material change in accounting policies or financial reporting practices by the US
Borrower or any Subsidiary.

     IN WITNESS WHEREOF, the undersigned has executed this Certificate as
of                                         ,                     .

	 	 	 	 	 
	 	PEABODY ENERGY CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

D-2

Form of Compliance Certificate

 

 

For the Quarter/Year ended                                         (“Statement Date”)

SCHEDULE 2

to the Compliance Certificate

($ in 000’s)

	I.	 	Section 7.11 (a) — Consolidated Interest Coverage Ratio.

	 	 	 	 	 	 	 	 	 

	A.	 	Consolidated EBITDA for four consecutive fiscal quarters
ending on above date (“Subject Period”):
	 

	 	 	1.	 	 	Consolidated Net Income for Subject Period
(excluding, without duplication, (a) Federal, state, local and
foreign income tax expense or benefit, (b) noncash
compensation expenses related to common stock and other equity
securities issued to employees, (c) extraordinary or
non-recurring gains and losses in accordance with GAAP, (d)
income or losses from discontinued operations (positive or
negative), and (e) any impairment charges as defined in ASC
Topic 360 (formerly, FAS 144), in each case for Subject
Period): $                                             	 	 
	 

	 	 	2.	 	 	consolidated interest expense for Subject
Period, determined in accordance with GAAP:
	 	$                    
	 

	 	 	3.	 	 	to the extent deducted in computing such
Consolidated Net Income, the sum of all income taxes,
depreciation, depletion and amortization of property, plant,
equipment and intangibles for Subject Period:
	 	$                    
	 

	 	 	4.	 	 	any debt extinguishment costs for Subject
Period:
	 	$                    
	 

	 	 	5.	 	 	any non-cash charges including non-cash
charges due to cumulative effects of changes in accounting
principles for Subject Period:
	 	$                    
	 

	 	 	6.	 	 	any amount of asset retirement obligations
expense for Subject Period:
	 	$                    
	 

	 	 	7.	 	 	any transaction costs, fees and expenses
incurred during Subject Period in connection with any
acquisition not prohibited hereunder or any issuance of debt
or equity securities by the US Borrower or any of its
Restricted Subsidiaries for Subject Period:
	 	$                    
	 

	 	 	8.	 	 	Consolidated EBITDA (Lines I.A.1 + 2 + 3 + 4 +
5 + 6 + 7):
	 	$                    

D-3

Form of Compliance Certificate

 

 

	 	 	 	 	 	 	 

	B.	 	Consolidated Cash Interest Charges for Subject Period:	 	$                    
	C.	 	Consolidated Interest Coverage Ratio (Line I.A.8  ̧
Line I.B):	 	           to 1.00

	Minimum required: 		 	

	 	 	 	 	 
	 	 	Minimum
	 	 	Consolidated
	 	 	Interest Coverage
	Four Fiscal Quarters Ending	 	Ratio
	June 30, 2010 and each fiscal quarter thereafter
	 	 	2.50x	 

	II.	 	Section 7.11 (b) — Consolidated Leverage Ratio.

	 	 	 	 	 

	A.

	 	Consolidated Funded Indebtedness at Statement Date:
	 	$                    
	B.

	 	Consolidated EBITDA for Subject Period (Line I.A.8 above):
	 	$                    
	C.

	 	Consolidated Leverage Ratio (Line II.A  ̧ Line II.B):
	 	           to 1.00

	Maximum permitted: 	 	 	

	 	 	 	 	 
	 	 	Maximum
	 	 	Consolidated
	Four Fiscal Quarters Ending	 	Leverage Ratio
	June 30, 2010 and each fiscal quarter thereafter
	 	 	4.00x	 

D-4

Form of Compliance Certificate

 

 

For the Quarter/Year ended                                              (“Statement Date”)

SCHEDULE 3

to the Compliance Certificate

($ in 000’s)

Consolidated EBITDA

(in accordance with the definition of Consolidated EBITDA

as set forth in the Agreement)

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Twelve
	Consolidated	 	Quarter	 	Quarter	 	Quarter	 	Quarter	 	Months
	EBITDA	 	Ended	 	Ended	 	Ended	 	Ended	 	Ended
	Consolidated
Net Income
(excluding, without
duplication, (a)
Federal, state,
local and foreign
income tax expense
or benefit, (b)
noncash
compensation
expenses related to
common stock and
other equity
securities issued
to employees, (c)
extraordinary or
non-recurring gains
and losses in
accordance with
GAAP, (d) income or
losses from
discontinued
operations
(positive or
negative), and (e)
any impairment
charges as defined
in ASC Topic 360
(formerly, FAS
144), in each case
for Subject
Period)
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	+   consolidated
interest expense for Subject Period, determined in accordance with GAAP
	 	 	 	 	 	 	 	 	 	 

D-5

Form of Compliance Certificate

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Twelve
	Consolidated	 	Quarter	 	Quarter	 	Quarter	 	Quarter	 	Months
	EBITDA	 	Ended	 	Ended	 	Ended	 	Ended	 	Ended
	+   to the extent
deducted in
computing
Consolidated Net
Income, the sum of
all income taxes,
depreciation,
depletion and
amortization of
property, plant,
equipment and
intangibles for
Subject Period
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	+   any
debt extinguishment costs for Subject Period
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	+   non-cash charges
including non-cash
charges due to
cumulative effects
of changes in
accounting
principles for
Subject Period
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	+   any amount of
asset retirement
obligations expense
for Subject Period
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	+   transaction
costs, fees and
expenses incurred
during for Subject
Period in
connection with any
acquisition not
prohibited
hereunder or any
issuance of debt or
equity securities
by the US Borrower
or any of its
Restricted
Subsidiaries
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	=   Consolidated
EBITDA
	 	 	 	 	 	 	 	 	 	 

D-6

Form of Compliance Certificate

 

 

EXHIBIT E

ASSIGNMENT AND ASSUMPTION

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

     For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the
Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to
and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the
Effective Date inserted by the Administrative Agent as contemplated below (i) all of the Assignor’s
rights and obligations as a Lender under the Credit Agreement and any other documents or
instruments delivered pursuant thereto to the extent related to the amount and percentage interest
identified below of all of such outstanding rights and obligations of the Assignor under the
respective facilities identified below (including, without limitation, the Letters of Credit and
the Swing Line Loans included in such facilities, as applicable) and (ii) to the extent permitted
to be assigned under applicable law, all claims, suits, causes of action and any other right of the
Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under
or in connection with the Credit Agreement, any other documents or instruments delivered pursuant
thereto or the loan transactions governed thereby or in any way based on or related to any of the
foregoing, including, but not limited to, contract claims, tort claims, malpractice claims,
statutory claims and all other claims at law or in equity related to the rights and obligations
sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned
pursuant to clauses (i) and (ii) above being referred to herein collectively as, the “Assigned
Interest”). Such sale and assignment is without recourse to the Assignor and, except as
expressly provided in this Assignment and Assumption, without representation or warranty by the
Assignor.

	1.	 	Assignor:                                             
	 
	2.	 	Assignee:     
                                        [
and is an Affiliate/Approved Fund
of [identify Lender]1]
	 
	3.	 	Borrower:     [PEABODY ENERGY CORPORATION] [PEABODY HOLLAND B.V.]

 

			
	1	 	Select as applicable.

E-1

Form of Assignment and Assumption

 

 

	4.	 	Administrative Agent: Bank of America, N.A., as the Administrative Agent under the
Credit Agreement
	 
	5.	 	Credit Agreement: Credit Agreement, dated as of June 18, 2010, among PEABODY ENERGY
CORPORATION, a Delaware corporation, PEABODY HOLLAND B.V., a private company organized under
the laws of the Netherlands, the Lenders from time to time party thereto, Banc of America
Securities LLC, Citigroup Global Markets, Inc. and HSBC Securities (USA) Inc., as Joint Lead
Arrangers and Joint Book Managers and Bank of America, N.A., as Administrative Agent, Swing
Line Lender and L/C Issuer.
	 
	6.	 	Assigned Interest:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Aggregate	 	 	 	 	 	 
	 	 	Amount of	 	Amount of	 	Percentage	 	 
	 	 	Loans	 	Loans	 	Assigned of	 	 
	Facility Assigned2	 	for all Lenders*	 	Assigned*	 	Loans3	 	CUSIP Number
	                    
	 	$	                    	 	 	$	                    	 	 	 	                    	%	 	 	 	 
	                    
	 	$	                    	 	 	$	                    	 	 	 	                    	%	 	 	 	 
	                    
	 	$	                    	 	 	$	                    	 	 	 	                    	%	 	 	 	 

	[7. 	 	Trade Date:                                         ]4

Effective Date:
                                        ,
201___[ TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE
THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

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

	 	 	 	 	 
	 	ASSIGNOR

[NAME OF ASSIGNOR]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 
	 	ASSIGNEE 	 

 

			
	2	 	Fill in the appropriate terminology for the
types of facilities under the Credit Agreement that are being assigned under
this Assignment (e.g. “Revolving Credit Commitment”, “Term Loan Commitment”,
etc.).
	 
	3	 	Set forth, to at least 9 decimals, as a
percentage of the Loans of all Lenders thereunder.
	 
	4	 	To be completed if the Assignor and the
Assignee intend that the minimum assignment amount is to be determined as of
the Trade Date.

E-2

Form of Assignment and Assumption

 

 

	 	 	 	 	 
	 	[NAME OF ASSIGNEE]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

	 	 	 	 	 
	Consented to and Accepted:

BANK OF AMERICA, N.A., as

Administrative Agent

 	 	 
	By:  	 	 	 
	 	Title: 	 	 
	 	 	 	 
	 
	Consented to:

PEABODY ENERGY CORPORATION

 	 	 
	By:  	 	 	 
	 	Title: 	 	 
	 	 	 	 
	 
	PEABODY HOLLAND B.V.

 	 	 
	By:  	 	 	 
	 	Title: 	 	 
	 	 	 	 
	 

E-3

Form of Assignment and Assumption

 

 

ANNEX 1 TO ASSIGNMENT AND ASSUMPTION

CREDIT AGREEMENT

STANDARD TERMS AND CONDITIONS FOR

ASSIGNMENT AND ASSUMPTION

          1. Representations and Warranties.

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

          1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power
and authority, and has taken all action necessary, to execute and deliver this Assignment and
Assumption and to consummate the transactions contemplated hereby and to become a Lender under the
Credit Agreement, (ii) it meets all requirements of an Eligible Assignee under the Credit Agreement
(subject to receipt of such consents as may be required under the Credit Agreement), (iii) from and
after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender
thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender
thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most
recent financial statements delivered pursuant to Section 6.01 thereof, as applicable, and
such other documents and information as it has deemed appropriate to make its own credit analysis
and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on
the basis of which it has made such analysis and decision independently and without reliance on the
Administrative Agent or any other Lender, and (v) if it is a Lender, attached hereto is any
documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly
completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without
reliance on the Administrative Agent, the Assignor or any other Lender, and based on such documents
and information as it shall deem appropriate at the time, continue to make its own credit decisions
in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance
with their terms all of the obligations which by the terms of the Loan Documents are required to be
performed by it as a Lender.

E-4

Form of Assignment and Assumption

 

 

          Assignee agrees that it has received a copy of the Debt Allocation Agreement, dated as of June
18, 2010, among the Administrative Agent and the Lenders signatory thereto, which provides for the
reallocation of Loans upon certain Events of Default and that it acknowledges and agrees to be
bound by such Debt Allocation Agreement as if an original signatory thereto.5

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

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

 

			
	5	 	This provision may not be removed from the form of
this Agreement.

E-5

Form of Assignment and Assumption

 

 

EXHIBIT F-1

FORM OF US SUBSIDIARY GUARANTEE

F-1

Form of Subsidiary Guarantee

 

 

US SUBSIDIARY GUARANTEE

made by

PEABODY ENERGY CORPORATION,

and certain of its Subsidiaries

in favor of

BANK OF AMERICA, N.A.,

as Administrative Agent

Dated as of June 18, 2010

F-1-1

Form of
Subsidiary Guarantee

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	SECTION 1. DEFINED TERMS
	 	 	2	 
	   
	 	 	 	 
	1.1 Definitions
	 	 	2	 
	1.2 Other Definitional Provisions
	 	 	3	 
	 
	 	 	 	 
	SECTION 2. GUARANTEE
	 	 	3	 
	 
	 	 	 	 
	2.1 Guarantee
	 	 	3	 
	2.2 Right of Contribution
	 	 	4	 
	2.3 No Subrogation
	 	 	4	 
	2.4 Amendments, etc. with Respect to the US Borrower Obligations
	 	 	4	 
	2.5 Guarantee Absolute and Unconditional
	 	 	5	 
	2.6 Reinstatement
	 	 	6	 
	2.7 Payments
	 	 	6	 
	 
	 	 	 	 
	SECTION 3. REPRESENTATIONS AND WARRANTIES
	 	 	6	 
	 
	 	 	 	 
	3.1 Representations in Credit Agreement
	 	 	6	 
	 
	 	 	 	 
	SECTION 4. COVENANTS
	 	 	6	 
	 
	 	 	 	 
	4.1 Covenants in Credit Agreement
	 	 	6	 
	 
	 	 	 	 
	SECTION 5. REMEDIAL PROVISIONS
	 	 	6	 
	 
	 	 	 	 
	5.1 Application of Proceeds
	 	 	6	 
	5.2 Code and Other Remedies
	 	 	7	 
	 
	 	 	 	 
	SECTION 6. MISCELLANEOUS
	 	 	7	 
	 
	 	 	 	 
	6.1 Amendments in Writing
	 	 	7	 
	6.2 Notices
	 	 	7	 
	6.3 No Waiver by Course of Conduct; Cumulative Remedies
	 	 	7	 
	6.4 Enforcement Expenses; Indemnification
	 	 	7	 
	6.5 Successors and Assigns
	 	 	8	 
	6.6 Set-Off
	 	 	8	 
	6.7 Counterparts
	 	 	8	 
	6.8 Severability
	 	 	8	 
	6.9 Section Headings
	 	 	8	 
	6.10 Integration
	 	 	8	 
	6.11 GOVERNING LAW
	 	 	9	 
	6.12 Submission To Jurisdiction; Waivers
	 	 	9	 
	6.13 Acknowledgements
	 	 	9	 
	6.14 WAIVER OF JURY TRIAL
	 	 	10	 

F-1-2

Form of
Subsidiary Guarantee

 

 

	 	 	 	 	 
	 	 	Page	 
	6.15 Releases
	 	 	10	 
	6.16 Additional Guarantors
	 	 	10	 
	6.17 Foreign Currency
	 	 	10	 
	6.18 Conflict
	 	 	11	 

	 	 	 

	Schedule I

	 	Notice Addresses of US Guarantors
	 
	 	 
	Schedule II

	 	List of US Guarantors
	 
	 	 
	Annex 1

	 	Form of Assumption Agreement

F-1-3

Form of
Subsidiary Guarantee

 

 

US SUBSIDIARY GUARANTEE

          US SUBSIDIARY GUARANTEE, dated as of June 18, 2010, made by each of the signatories hereto and
each entity that may become a US Guarantor (as defined below) as provided in Section 6.16, in favor
of (i) Bank of America, N.A., as administrative agent (in such capacity, the “Administrative
Agent”) for the banks and other financial institutions (the “Lenders”) from time to
time parties to the Credit Agreement, dated as of the date hereof (as amended, supplemented,
restated or otherwise modified from time to time, the “Credit Agreement”), among Peabody
Energy Corporation, a Delaware corporation (the “US Borrower”), Peabody Holland B.V., a
private company organized under the laws of the Netherlands (the “Dutch Borrower”, and
together with the US Borrower, the “Borrowers”), the Lenders, Bank of America, N.A., as
Administrative Agent, Swing Line Lender and L/C Issuer, and Banc of America Securities LLC,
Citigroup Global Markets, Inc., and HSBC Securities (USA) Inc., as Joint Lead Arrangers and Joint
Book Managers and (ii) counterparties under Swap Contracts constituting Swap Obligations. The
Lenders holding US Borrower Obligations and the Administrative Agent shall be referred to
collectively herein as the “Credit Parties”.

W I T N E S S E T H:

          WHEREAS, pursuant to the Credit Agreement, the Lenders have severally agreed to make
extensions of credit to the US Borrower upon the terms and subject to the conditions set forth
therein;

          WHEREAS, the US Borrower is a member of an affiliated group of companies that includes each
other Peabody Entity (as defined below);

          WHEREAS, the proceeds of the extensions of credit under the Credit Agreement will be used in
part to enable the US Borrower to make valuable transfers to one or more of the US Guarantors in
connection with the operation of their respective businesses;

          WHEREAS, the Peabody Entities are engaged in related businesses, and each US Guarantor will
derive substantial direct and indirect benefit from the making of the extensions of credit under
the Credit Agreement; and

          WHEREAS, it is a condition precedent to the obligation of the Lenders to make their respective
extensions of credit to the US Borrower under the Credit Agreement that the US Guarantors shall
have executed and delivered this Agreement (as defined below) to the Administrative Agent for the
ratable benefit of the Credit Parties.

          NOW, THEREFORE, in consideration of the premises and to induce the Administrative Agent and
the Lenders to enter into the Credit Agreement and to induce the Lenders to make their respective
extensions of credit to the US Borrower thereunder, each US Guarantor hereby agrees with the
Administrative Agent, for the ratable benefit of the holders of US Borrower Obligations (as defined
below), as follows:

F-1-4

Form of
Subsidiary Guarantee

 

 

SECTION 1. DEFINED TERMS

     1.1 Definitions. Unless otherwise defined herein, terms defined in the Credit
Agreement and used herein shall have the meanings given to them in the Credit Agreement.

          The following terms shall have the following meanings:

     “Agreement”: this Guarantee, as the same may be amended, supplemented,
restated or otherwise modified from time to time.

     “Guarantor Obligations”: with respect to any US Guarantor , the collective
reference to (i) the US Borrower Obligations and (ii) all obligations and liabilities of
such US Guarantor which may arise under or in connection with this Agreement or any other
Loan Document to which such US Guarantor is a party, in each case whether on account of
guarantee obligations, reimbursement obligations, fees, indemnities, costs, expenses or
otherwise (including, without limitation, all fees and disbursements of counsel to the
Administrative Agent and the Lenders that are required to be paid by such US Guarantor
pursuant to the terms of this Agreement or any other Loan Document to which such US
Guarantor is a party).

     “Obligations”: (i) in the case of the US Borrower, the US Borrower Obligations
and (ii) in the case of each US Guarantor, its Guarantor Obligations.

     “Peabody Entity”: the US Borrower and each US Guarantor.

     “US Borrower Obligations”: the collective reference to the unpaid principal of
and interest on the Loans made to the US Borrower and L/C Obligations of the US Borrower and
all other obligations and liabilities of the US Borrower (including, without limitation, (x)
interest accruing at the then applicable rate provided in the Credit Agreement after the
maturity of the Loans made to the US Borrower and L/C Obligations of the US Borrower and (y)
interest accruing at the then applicable rate provided in the Credit Agreement after the
filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization
or like proceeding, relating to the US Borrower, whether or not a claim for post-filing or
post-petition interest is allowed in such proceeding) to the Administrative Agent or any
Lender, including (x) any Swap Contract entered into by the US Borrower with any Lender or
any Affiliate thereof (or with any Person that was a Lender or an Affiliate thereof when
such Swap Contract was entered into) and (y) any Swap Contract in effect as of the date
hereof entered into by the US Borrower with any Person who was a lender or an Affiliate of
such lender under the Existing Credit Agreement (or with any Person that was a lender or an
Affiliate thereof when such Swap Contract was entered into), in each case, whether direct or
indirect, absolute or contingent, due or to become due, or now existing or hereafter
incurred, which may arise under, out of, or in connection with, the Credit Agreement, this
Agreement, the other Loan Documents, any Letter of Credit entered into by the US Borrower or
any Subsidiary of the US Borrower with any Lender or any such Swap Contract (x) entered into
by the US Borrower with any Lender or Affiliate thereof (or with any Person that was a
Lender or an Affiliate thereof when such Swap Contract was entered into) or (y) in effect as
of

F-1-5

Form of
Subsidiary Guarantee

 

 

the date hereof that was entered into by the US Borrower with any Person who was a
lender or an Affiliate of such lender under the Existing Credit Agreement (or with any
Person that was a lender or an Affiliate thereof when such Swap Contract was entered into)
or any other document made, delivered or given in connection therewith, in each case whether
on account of principal, interest, reimbursement obligations, fees, indemnities, costs,
expenses or otherwise (including, without limitation, all fees and disbursements of counsel
to the Administrative Agent or the Lenders that are required to be paid by the US Borrower
pursuant to the terms of any of the foregoing agreements).

     “US Guarantor”: each of the signatories hereto (other than the Administrative
Agent) and each other entity that becomes a US Guarantor hereunder pursuant to Section
6.16.

     1.2 Other Definitional Provisions. (a) The words “hereof,” “herein”, “hereto”
and “hereunder” and words of similar import when used in this Agreement shall refer to this
Agreement as a whole and not to any particular provision of this Agreement, and Section and
Schedule references are to this Agreement unless otherwise specified.

          (b) The meanings given to terms defined herein shall be equally applicable to both the
singular and plural forms of such terms.

SECTION 2. GUARANTEE

     2.1 Guarantee. (a) Each of the US Guarantors hereby, jointly and severally,
unconditionally and irrevocably, guarantees to the Administrative Agent, for the ratable benefit of
the Credit Parties and their respective successors, indorsees, transferees and assigns, the prompt
and complete payment and performance by the US Borrower when due (whether at the stated maturity,
by acceleration or otherwise) of the US Borrower Obligations.

          (b) Anything herein or in any other Loan Document to the contrary notwithstanding, the maximum
liability of each US Guarantor hereunder and under the other Loan Documents shall in no event
exceed the amount which can be guaranteed by such US Guarantor under applicable federal and state
laws relating to the insolvency of debtors (after giving effect to the right of contribution
established in Section 2.2).

          (c) Each US Guarantor agrees that the US Borrower Obligations may at any time and from time to
time exceed the amount of the liability of such US Guarantor hereunder without impairing the
guarantee contained in this Section 2 or affecting the rights and remedies of the Credit Parties
hereunder.

          (d) The guarantee contained in this Section 2 shall remain in full force and effect until all
the Guarantor Obligations shall have been satisfied by payment in full, no Letter of Credit shall
be outstanding and the Term Loan Commitments and the US Borrower Revolving Credit Commitments shall
be terminated, notwithstanding that from time to time during the term of the Credit Agreement the
US Borrower may be free from any US Borrower Obligations.

          (e) No payment made by the US Borrower, any of the US Guarantors, any other guarantor or any
other Person or received or collected by any Credit Party from the US

F-1-6

Form of
Subsidiary Guarantee

 

 

Borrower, any of the US Guarantors, any other guarantor or any other Person by virtue of any
action or proceeding or any set-off or appropriation or application at any time or from time to
time in reduction of or in payment of the US Borrower Obligations shall be deemed to reduce,
release or otherwise affect the liability of any US Guarantor hereunder which shall,
notwithstanding any such payment (other than any payment made by such US Guarantor in respect of
the US Borrower Obligations or any payment received or collected from such US Guarantor in respect
of the US Borrower Obligations), remain liable for the US Borrower Obligations up to the maximum
liability of such US Guarantor hereunder until the US Borrower Obligations are paid in full, no
Letter of Credit shall be outstanding and the Term Loan Commitments and the US Borrower Revolving
Credit Commitments are terminated.

     2.2 Right of Contribution. Each US Guarantor hereby agrees that to the extent that a
US Guarantor shall have paid more than its proportionate share of any payment made hereunder, such
US Guarantor shall be entitled to seek and receive contribution from and against any other US
Guarantor hereunder which has not paid its proportionate share of such payment. Each US
Guarantor’s right of contribution shall be subject to the terms and conditions of Section 2.3. The
provisions of this Section 2.2 shall in no respect limit the obligations and liabilities of any US
Guarantor to the Credit Parties, and each US Guarantor shall remain jointly and severally liable to
the Credit Parties for the full amount guaranteed by such US Guarantor hereunder.

     2.3 No Subrogation. Notwithstanding any payment made by any US Guarantor hereunder or
any set-off or application of funds of any US Guarantor by any Credit Party, no US Guarantor shall
be entitled to be subrogated to any of the rights of any Credit Party against the US Borrower or
any US Guarantor or any collateral security or guarantee or right of offset held by any Credit
Party for the payment of the US Borrower Obligations, nor shall any US Guarantor seek or be
entitled to seek any contribution or reimbursement from the US Borrower or any other US Guarantor
in respect of payments made by such US Guarantor hereunder, until all amounts owing to the Credit
Parties by the US Borrower on account of the US Borrower Obligations are paid in full, no Letter of
Credit shall be outstanding and the Term Loan Commitments and the US Borrower Revolving Credit
Commitments are terminated. If any amount shall be paid to any US Guarantor on account of such
subrogation rights at any time when all of the US Borrower Obligations shall not have been paid in
full, such amount shall be held by such US Guarantor in trust for the Credit Parties, segregated
from other funds of such US Guarantor, and shall, forthwith upon receipt by such US Guarantor, be
turned over to the Administrative Agent in the exact form received by such US Guarantor (duly
indorsed by such US Guarantor to the Administrative Agent, if required), to be applied against the
US Borrower Obligations, whether matured or unmatured, in such order as the Administrative Agent
may determine.

     2.4 Amendments, etc. with Respect to the US Borrower Obligations. Each US Guarantor
shall remain obligated hereunder notwithstanding that, without any reservation of rights against
any US Guarantor and without notice to or further assent by any US Guarantor, any demand for
payment of any of the US Borrower Obligations made by any Credit Party may be rescinded by such
Credit Party and any of the US Borrower Obligations continued, and the US Borrower Obligations, or
the liability of any other Person upon or for any part thereof, or any collateral security or
guarantee therefor or right of offset with respect thereto, may, from time to time, in whole or in
part, be renewed, extended, amended, modified, accelerated, compromised, waived, surrendered or
released by any Credit Party, and the Credit Agreement and the other

F-1-7

Form of
Subsidiary Guarantee

 

 

Loan Documents and any other documents executed and delivered in connection therewith may be
amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or
the Required Lenders or all Lenders, as the case may be) may deem advisable from time to time, and
any collateral security, guarantee or right of offset at any time held by any Credit Party for the
payment of the US Borrower Obligations may be sold, exchanged, waived, surrendered or released.

     2.5 Guarantee Absolute and Unconditional. Each US Guarantor waives any and all notice
of the creation, renewal, extension or accrual of any of the US Borrower Obligations and notice of
or proof of reliance by any Credit Party upon the guarantee contained in this Section 2 or
acceptance of the guarantee contained in this Section 2; the US Borrower Obligations, and any of
them, shall conclusively be deemed to have been created, contracted or incurred, or renewed,
extended, amended or waived, in reliance upon the guarantee contained in this Section 2; and all
dealings between the US Borrower and any of the US Guarantors, on the one hand, and the Credit
Parties, on the other hand, likewise shall be conclusively presumed to have been had or consummated
in reliance upon the guarantee contained in this Section 2. Each US Guarantor waives diligence,
presentment, protest, demand for payment and notice of default or nonpayment to or upon the US
Borrower or any of the US Guarantors with respect to the US Borrower Obligations. Each US
Guarantor understands and agrees that the guarantee contained in this Section 2 shall be construed
as a continuing, absolute and unconditional guarantee of payment and performance without regard to
(a) the validity or enforceability of the Credit Agreement or any other Loan Document, any of the
US Borrower Obligations or any other collateral security therefor or guarantee or right of offset
with respect thereto at any time or from time to time held by any Credit Party, (b) any defense,
set-off or counterclaim (other than a defense of payment or performance) which may at any time be
available to or be asserted by the US Borrower or any other Person against any Credit Party, (c)
any acts of any legislative body or governmental authority affecting the US Borrower, including but
not limited to, any restrictions on the conversion of currency or repatriation or control of funds
or any total or partial expropriation of the US Borrower’s property, or by economic, political,
regulatory or other events in the countries where the US Borrower is located, or (d) any other
circumstance whatsoever (with or without notice to or knowledge of the US Borrower or such US
Guarantor) which constitutes, or might be construed to constitute, an equitable or legal discharge
of the US Borrower for the US Borrower Obligations, or of such US Guarantor under the guarantee
contained in this Section 2, in bankruptcy or in any other instance. When making any demand
hereunder or otherwise pursuing its rights and remedies hereunder against any US Guarantor, any
Credit Party may, but shall be under no obligation to, make a similar demand on or otherwise pursue
such rights and remedies as it may have against the US Borrower, any other US Guarantor or any
other Person or against any guarantee for the US Borrower Obligations or any right of offset with
respect thereto, and any failure by the Administrative Agent or any other Credit Party to make any
such demand, to pursue such other rights or remedies or to collect any payments from the US
Borrower, any other US Guarantor or any other Person or to realize upon any such guarantee or to
exercise any such right of offset, or any release of the US Borrower, any other US Guarantor or any
other Person or any such guarantee or right of offset, shall not relieve any US Guarantor of any
obligation or liability hereunder, and shall not impair or affect the rights and remedies, whether
express, implied or available as a matter of law, of the Credit Parties against any US Guarantor.
For the purposes hereof “demand” shall include the commencement and continuance of any legal
proceedings.

F-1-8

Form of
Subsidiary Guarantee

 

 

     2.6 Reinstatement. The guarantee contained in this Section 2 shall, to the extent
permissible at law, continue to be effective, or be reinstated, as the case may be, if at any time
payment, or any part thereof, of any of the US Borrower Obligations is rescinded or must otherwise
be restored or returned by any Credit Party upon the insolvency, bankruptcy, dissolution,
liquidation or reorganization of the US Borrower or any US Guarantor, or upon or as a result of the
appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, the US
Borrower or any US Guarantor or any substantial part of its property, or otherwise, all as though
such payments had not been made.

     2.7 Payments. Each US Guarantor hereby guarantees that payments hereunder will
be paid to the Administrative Agent without set-off or counterclaim in the United States in U.S.
Dollars in immediately available funds at the office of the Administrative Agent at Bank of America
N.A., New York, NY, ABA# 026009593, Account No.: 136-621-225-0600, Ref: Peabody Energy or such
other office as may be notified to the US Guarantors by the Administrative Agent from time to
time.

SECTION 3. REPRESENTATIONS AND WARRANTIES

     3.1 Representations in Credit Agreement. To induce the Administrative Agent and the
Lenders to enter into the Credit Agreement and to induce the Lenders to make their respective
extensions of credit to the US Borrower thereunder, each US Guarantor hereby represents and
warrants to each Credit Party that the representations and warranties set forth in Section 5 of the
Credit Agreement as they relate to such US Guarantor or to the other Loan Documents to which such
US Guarantor is a party, each of which is hereby incorporated herein by reference mutatis
mutandis, are true and correct in all material respects on and as of the date hereof, and the
Credit Parties shall be entitled to rely on each of them as if they were fully set forth herein,
provided that each reference in each such representation and warranty to the US Borrower’s
knowledge shall, for the purposes of this Section 3.1, be deemed to be a reference to such US
Guarantor’s knowledge.

SECTION 4. COVENANTS

          Each US Guarantor covenants and agrees with the Credit Parties that, from and after the date
of this Agreement until the US Borrower Obligations shall have been paid in full, no Letter of
Credit shall be outstanding and the Term Loan Commitments and the US Borrower Revolving Credit
Commitments shall have terminated:

     4.1 Covenants in Credit Agreement. Such US Guarantor shall take, or shall refrain
from taking, as the case may be, each action that is necessary to be taken or not taken, as the
case may be, so that no Default or Event of Default is caused by the failure to take such action or
to refrain from taking such action by such US Guarantor.

SECTION 5. REMEDIAL PROVISIONS

     5.1 Application of Proceeds. The Administrative Agent may apply all or any part of
any proceeds of the guarantee set forth in Section 2, to payment of the US Borrower Obligations in
such order as set forth in Section 8.03 of the Credit Agreement.

F-1-9

Form of
Subsidiary Guarantee

 

 

     5.2 Code and Other Remedies. If an Event of Default shall occur and be continuing,
the Administrative Agent, on behalf of the Credit Parties, may exercise, in addition to all other
rights and remedies granted to them in this Agreement and in any other instrument or agreement
securing, evidencing or relating to the US Borrower Obligations, all rights and remedies available
to it under any applicable Loan Document or under any applicable law or in equity.

SECTION 6. MISCELLANEOUS

     6.1 Amendments in Writing. None of the terms or provisions of this Agreement may be
waived, amended, supplemented or otherwise modified except in accordance with Section 10.01 of the
Credit Agreement.

     6.2 Notices. All notices, requests and demands to or upon the Administrative Agent or
any US Guarantor hereunder shall be effected in the manner provided for in Section 10.02 of the
Credit Agreement; provided that any such notice, request or demand to or upon any US
Guarantor shall be addressed to such US Guarantor at its notice address set forth on Schedule I.

     6.3 No Waiver by Course of Conduct; Cumulative Remedies. None of the Credit Parties
shall by any act (except by a written instrument pursuant to Section 6.1), delay, indulgence,
omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced
to any Default or Event of Default. No failure to exercise, nor any delay in exercising, on the
part of any Credit Party, any right, power or privilege hereunder shall operate as a waiver
thereof. No single or partial exercise of any right, power or privilege hereunder shall preclude
any other or further exercise thereof or the exercise of any other right, power or privilege. A
waiver by any Credit Party of any right or remedy hereunder on any one occasion shall not be
construed as a bar to any right or remedy which such Credit Party would otherwise have on any
future occasion. The rights and remedies herein provided are cumulative, may be exercised singly
or concurrently and are not exclusive of any other rights or remedies provided by law.

     6.4 Enforcement Expenses; Indemnification. (a) Each US Guarantor agrees to pay or
reimburse each Credit Party for all its reasonable and documented costs and expenses incurred in
collecting against such US Guarantor under the guarantee contained in Section 2 or otherwise
enforcing or preserving any rights under this Agreement and the other Loan Documents to which such
US Guarantor is a party, including, without limitation, the reasonable and documented fees and
disbursements of counsel to each Credit Party and of counsel to the Administrative Agent.

          (b) Each US Guarantor agrees to pay, and to save the Credit Parties harmless from, any and all
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements of any kind or nature whatsoever with respect to the execution, delivery,
enforcement, performance and administration of this Agreement to the extent the US Borrower would
be required to do so pursuant to Section 10.04 of the Credit Agreement.

          (c) The agreements in this Section 6.4 shall survive repayment of the US Borrower Obligations
and all other amounts payable under the Credit Agreement and the other Loan Documents.

F-1-10

Form of
Subsidiary Guarantee

 

 

     6.5 Successors and Assigns. This Agreement shall be binding upon the successors and
assigns of each US Guarantor and shall inure to the benefit of the Credit Parties and their
successors and assigns; provided that no US Guarantor may assign, transfer or delegate any
of its rights or obligations under this Agreement without the prior written consent of the
Administrative Agent, unless pursuant to a transaction not prohibited by the Credit Agreement.

     6.6 Set-Off. Each US Guarantor hereby irrevocably authorizes each Credit Party at any
time and from time to time pursuant to Section 10.08 of the Credit Agreement, upon any amount
becoming due and payable hereunder, without notice to such US Guarantor or any other US Guarantor,
any such notice being expressly waived by each US Guarantor, to set-off and appropriate and apply
any and all deposits (general or special, time or demand, provisional or final), in any currency,
and any other credits, indebtedness or claims, in any currency, in each case whether direct or
indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Credit
Party to or for the credit or the account of such US Guarantor, or any part thereof in such amounts
as such Credit Party may elect, against and on account of the Obligations and liabilities of such
US Guarantor to such Credit Party hereunder then due and owing and claims of every nature and
description of such Credit Party against such US Guarantor then due and owing, in any currency,
arising hereunder, under the Credit Agreement or any other Loan Document, as such Credit Party may
elect, whether or not such Credit Party has made any demand for payment and although such
Obligations, liabilities and claims may be contingent or unmatured. Each Credit Party shall notify
such US Guarantor promptly of any such set-off and the application made by such Credit Party of the
proceeds thereof, provided that the failure to give such notice shall not affect the
validity of such set-off and application. The rights of each Credit Party under this Section 6.6
are in addition to other rights and remedies (including, without limitation, other rights of
set-off) which such Credit Party may have.

     6.7 Counterparts. This Agreement may be executed by one or more of the parties to
this Agreement on any number of separate counterparts, and all of said counterparts taken together
shall be deemed to constitute one and the same instrument. Delivery of an executed counterpart of
a signature of this Agreement by telecopy or other electronic imaging means shall be effective as
delivery of a manually executed counterpart of this Agreement.

     6.8 Severability. Any provision of this Agreement which is prohibited or
unenforceable in any jurisdiction with respect to any of the US Guarantors shall, as to such
jurisdiction and such US Guarantor, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof with respect to such US
Guarantor or any of the other US Guarantors, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction
or with respect to any of the other US Guarantors in any jurisdiction.

     6.9 Section Headings. The Section headings used in this Agreement are for convenience
of reference only and are not to affect the construction hereof or be taken into consideration in
the interpretation hereof.

     6.10 Integration. This Agreement and the other Loan Documents represent the agreement
of the US Guarantors and the Credit Parties with respect to the subject matter hereof and thereof,
and there are no promises, undertakings, representations or warranties by any Credit

F-1-11

Form of
Subsidiary Guarantee

 

 

Party relative to subject matter hereof and thereof not expressly set forth or referred to
herein or in the other Loan Documents.

     6.11 GOVERNING LAW . THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED
IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

     6.12 Submission To Jurisdiction; Waivers. Each US Guarantor hereby irrevocably and unconditionally:

     (a) submits for itself in any legal action or proceeding relating to this Agreement and
the other Loan Documents to which it is a party, or for recognition and enforcement of any
judgment in respect thereof, to the non-exclusive general jurisdiction of the Courts of the
State of New York, the courts of the United States of America for the Southern District of
New York, and appellate courts from any thereof;

     (b) consents that any such action or proceeding may be brought in such courts and
waives any objection that it may now or hereafter have to the venue of any such action or
proceeding in any such court or that such action or proceeding was brought in an
inconvenient court and agrees not to plead or claim the same;

     (c) agrees that service of process in any such action or proceeding may be effected by
mailing a copy thereof by registered or certified mail (or any substantially similar form of
mail), postage prepaid, to such US Guarantor at its address referred to in Section 6.2 or at
such other address of which the Administrative Agent shall have been notified pursuant
thereto;

     (d) agrees that nothing herein shall affect the right to effect service of process in
any other manner permitted by law or shall limit the right to sue in any other jurisdiction;
and

     (e) waives, to the maximum extent not prohibited by law, any right it may have to claim
or recover in any legal action or proceeding referred to in this Section any special,
exemplary, punitive or consequential damages.

     6.13 Acknowledgements. Each US Guarantor hereby acknowledges that:

          (a) it has been advised by counsel in the negotiation, execution and delivery of this
Agreement and the other Loan Documents to which it is a party;

          (b) none of the Credit Parties has any fiduciary relationship with or duty to any US Guarantor
arising out of or in connection with this Agreement or any of the other Loan Documents, and the
relationship between the US Guarantors, on the one hand, and the Credit
Parties, on the other hand, in connection herewith or therewith is solely that of debtor and
creditor; and

F-1-12

Form of
Subsidiary Guarantee

 

 

          (c) no joint venture is created hereby or by the other Loan Documents or otherwise exists by
virtue of the transactions contemplated hereby among the Credit Parties or among the US Guarantors
and the Credit Parties.

     6.14 WAIVER OF JURY TRIAL. EACH US GUARANTOR AND, BY ACCEPTANCE OF THE BENEFITS HEREOF, EACH OF THE CREDIT PARTIES
HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING
RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

     6.15 Releases. (a) At such time as the US Borrower Obligations shall have been paid in full in cash, the
Term Loan Commitments and US Borrower Revolving Credit Commitments have been terminated and no
Letters of Credit shall be outstanding, this Agreement and all obligations (other than contingent
obligations, indemnities and costs and expenses related thereto not then payable or in existence
and Swap Obligations) of the Administrative Agent and each US Guarantor hereunder shall terminate
automatically, all without delivery of any instrument or performance of any act by any party. At
the request and sole expense of any US Guarantor following any such termination, the Administrative
Agent shall execute and deliver to such US Guarantor such documents as such US Guarantor shall
reasonably request to evidence such termination.

          (b) At such time as a US Guarantor ceases (i) to be a Subsidiary as a result of a transaction
not prohibited by the Credit Agreement or (ii) to be required to guarantee the US Borrower
Obligations by virtue of the definition of US Subsidiary Guarantor under the Credit Agreement, in
each case, subject to (x) the US Borrower having delivered to the Administrative Agent a
certificate (a “Release Certificate”) identifying the relevant US Guarantor and certifying
that such transaction is not prohibited by the Credit Agreement or as to the basis on which such
Subsidiary no longer falls within the definition of US Subsidiary Guarantor and (y) the
Administrative Agent’s reasonable satisfaction that the circumstances described in clause (i) or
(ii) above exist (it being agreed that the Administrative Agent may, but is not obligated to, rely
solely on the US Borrower’s Release Certificate in making such determination), the Administrative
Agent shall promptly release the US Guarantor from its obligations hereunder pursuant to
documentation reasonably acceptable to the Administrative Agent and the US Borrower, at the sole
cost and expense of the US Borrower. Notwithstanding the foregoing, the Administrative Agent shall
not be required to release a US Guarantor from its obligations hereunder pursuant to this
Section 6.15(b) unless, prior to or concurrently with such release, such US Guarantor is
released from its obligations as a guarantor under all Senior Notes Indentures.

     6.16 Additional Guarantors. Each Subsidiary of the US Borrower that elects to become a party to this Agreement or is
required to become a party to this Agreement pursuant to Section 6.12 of the Credit Agreement shall
become a US Guarantor for all purposes of this Agreement upon execution and delivery by such
Subsidiary of an Assumption Agreement in the form of Annex 1 hereto.

     6.17 Foreign Currency. If the Administrative Agent so notifies a US Guarantor in writing, at the Administrative
Agent’s sole and absolute discretion, payments under this Guarantee shall be the Dollar Equivalent
of the Guaranteed Obligations or any portion thereof

F-1-13

Form of
Subsidiary Guarantee

 

 

which are denominated in an Alternative
Currency, determined as of the date payment is made. If any claim arising under or related to this
Guarantee is reduced to judgment and the amount of such judgment is denominated in a currency (the
“Judgment Currency”) other than the currencies in which the Guaranteed Obligations are
denominated or the currencies payable hereunder (collectively the “Obligations Currency”),
for purposes hereof the amount of the judgment shall be the Obligations Currency equivalent of the
judgment in the Judgment Currency, determined as of the date of judgment and calculated at the spot
rate for the purchase of the Obligations Currency with the Judgment Currency quoted by the
Administrative Agent in the place of the Administrative Agent’s choice at or about 8:00 a.m. in the
jurisdiction of the Obligations Currency on the date for determination specified above. The US
Guarantor shall indemnify the Credit Parties and hold the Credit Parties harmless from and against
all loss or damage resulting from any change in exchange rates between the date any claim is
reduced to judgment and the date of payment thereof by the US Guarantor and, if the amount of the
Obligations Currency so purchased is greater than the amount of the judgment in the Obligations
Currency on the date the claim is reduced to judgment (calculated as set forth in the above
sentence) as a result of any change in exchange rates between the date of payment of any claim by
the US Guarantor and the date such claim is reduced to judgment, the Credit Parties agree to return
the amount of any excess to the applicable US Guarantor (or to any other Person who may be entitled
thereto under applicable law).

     6.18 Conflict. In the event there is a conflict between the terms of this Agreement and the Credit
Agreement, the Credit Agreement shall control.

[SIGNATURE PAGES TO FOLLOW]

F-1-14

Form of
Subsidiary Guarantee

 

 

          IN WITNESS WHEREOF, each of the undersigned has caused this Guarantee to be duly executed and
delivered as of the date first above written.

	 	 	 	 	 	 	 

	 	 	EACH OF THE US GUARANTORS LISTED ON SCHEDULE II
HERETO
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 

	 	 	 	 	 

	Accepted on behalf of the
Credit Parties as of the date first
above written	 	 
	 
	 	 	 	 
	BANK OF AMERICA, N.A.,	 	 
	as Administrative Agent	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 
	 
	 	 	 	 
	Acknowledged and agreed:	 	 
	 
	 	 	 	 
	PEABODY ENERGY CORPORATION,	 	 
	a Delaware corporation	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 

[US Guarantee]

F-1-15

Form of
Subsidiary Guarantee

 

 

Schedule I

NOTICE ADDRESSES OF US SUBSIDIARY GUARANTORS

	 	 	 	 	 

	To:	 	[US Subsidiary Guarantor]
	 

	 	c/o
	 	Peabody Investments Corp.
	 

	 	 	 	701 Market Street
	 

	 	 	 	St. Louis, Missouri 63101
	 

	 	 	 	Attn: Treasurer
	 

	 	 	 	Fax: (314) 342-7740
	 
	 	 	 	 
	with a copy to:
	 
	 	 	 	 
	 

	 	c/o
	 	Peabody Investments Corp.
	 

	 	 	 	701 Market Street
	 

	 	 	 	St. Louis, Missouri 63101
	 

	 	 	 	Attn: Chief Legal Officer
	 

	 	 	 	Fax: (314) 342-3419

F-1-16

Form of
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Schedule II

LIST OF US GUARANTORS

	 	 	 

	American Land Development, LLC

	 	 
	American Land Holdings of Colorado, LLC
	 	 
	American Land Holdings of Illinois, LLC
	 	 
	American Land Holdings of Indiana, LLC
	 	 
	American Land Holdings of Kentucky, LLC
	 	 
	American Land Holdings of West Virginia, LLC
	 	 
	Arid Operations Inc.
	 	 
	Big Ridge, Inc.
	 	 
	Big Sky Coal Company
	 	 
	Black Hills Mining Company, LLC
	 	 
	BTU Empire Company, LLC
	 	 
	BTU Western Resources, Inc.
	 	 
	Caballo Coal, LLC
	 	 
	Caballo Grande, LLC
	 	 
	Caseyville Dock Company, LLC
	 	 
	Central States Coal Reserves of Illinois, LLC
	 	 
	Central States Coal Reserves of Indiana, LLC
	 	 
	Century Mineral Resources, Inc.
	 	 
	Coal Reserve Holding Limited Liability Company No. 1
	 	 
	COALSALES II, LLC
	 	 
	Colorado Yampa Coal Company
	 	 
	Conservancy Resources, LLC
	 	 
	Cottonwood Land Company
	 	 
	Cyprus Creek Land Company
	 	 
	Cyprus Creek Land Resources, LLC
	 	 
	Dyson Creek Coal Company, LLC
	 	 
	Dyson Creek Mining Company, LLC
	 	 
	El Segundo Coal Company, LLC
	 	 
	Elkland Holdings, LLC
	 	 
	Falcon Coal Company, LLC
	 	 
	Gallo Finance Company
	 	 
	Gold Fields Chile, LLC
	 	 
	Gold Fields Mining, LLC
	 	 
	Gold Fields Ortiz, LLC
	 	 
	Hayden Gulch Terminal, LLC
	 	 
	Highwall Mining Services Company
	 	 
	Hillside Recreational Lands, LLC
	 	 
	HMC Mining, LLC
	 	 
	Illinois Land Holdings, LLC
	 	 
	Independence Material Handling, LLC
	 	 

F-1-17

Form of
Subsidiary Guarantee

 

 

	 	 	 

	James River Coal Terminal, LLC
	 	 
	Juniper Coal Company
	 	 
	Kayenta Mobile Home Park, Inc.
	 	 
	Kentucky Syngas, LLC
	 	 
	Lively Grove Energy, LLC
	 	 
	Lively Grove Energy Partners, LLC
	 	 
	Marigold Electricity, LLC
	 	 
	Midco Supply and Equipment Corporation
	 	 
	Midwest Coal Acquisition Corp.
	 	 
	Midwest Coal Reserves of Illinois, LLC
	 	 
	Midwest Coal Reserves of Indiana, LLC
	 	 
	Mustang Energy Company, L.L.C.
	 	 
	New Mexico Coal Resources, LLC
	 	 
	Peabody America, Inc.
	 	 
	Peabody Archveyor, L.L.C.
	 	 
	Peabody Arclar Mining, LLC
	 	 
	Peabody Bear Run Mining, LLC
	 	 
	Peabody Bear Run Services, LLC
	 	 
	Peabody Cardinal Gasification, LLC
	 	 
	Peabody COALSALES, LLC
	 	 
	Peabody COALTRADE, LLC
	 	 
	Peabody COALTRADE International (CTI), LLC
	 	 
	Peabody Colorado Operations, LLC
	 	 
	Peabody Colorado Services, LLC
	 	 
	Peabody Coulterville Mining, LLC
	 	 
	Peabody Development Company, LLC
	 	 
	Peabody Electricity, LLC
	 	 
	Peabody Employment Services, LLC
	 	 
	Peabody Energy Generation Holding Company
	 	 
	Peabody Energy Investments, Inc.
	 	 
	Peabody Energy Solutions, Inc.
	 	 
	Peabody Gateway North Mining, LLC
	 	 
	Peabody Gateway Services, LLC
	 	 
	Peabody Holding Company, LLC
	 	 
	Peabody Illinois Services, LLC
	 	 
	Peabody Indiana Services, LLC
	 	 
	Peabody International Investments, Inc.
	 	 
	Peabody International Services, Inc.
	 	 
	Peabody Investments Corp.
	 	 
	Peabody Midwest Management Services, LLC
	 	 
	Peabody Midwest Mining, LLC
	 	 
	Peabody Midwest Operations, LLC
	 	 
	Peabody Midwest Services, LLC
	 	 
	Peabody Natural Gas, LLC
	 	 
	Peabody Natural Resources Company
	 	 

F-1-18

Form of
Subsidiary Guarantee

 

 

	 	 	 

	Peabody New Mexico Services, LLC
	 	 
	Peabody Operations Holding, LLC
	 	 
	Peabody Powder River Operations, LLC
	 	 
	Peabody Powder River Services, LLC
	 	 
	Peabody PowerTree Investments, LLC
	 	 
	Peabody Recreational Lands, L.L.C.
	 	 
	Peabody Rocky Mountain Management Services, LLC
	 	 
	Peabody Rocky Mountain Services, LLC
	 	 
	Peabody Services Holdings, LLC
	 	 
	Peabody Southwest, LLC
	 	 
	Peabody Southwestern Coal Company
	 	 
	Peabody Terminal Holding Company, Inc.
	 	 
	Peabody Terminals, LLC
	 	 
	Peabody Twentymile Mining, LLC
	 	 
	Peabody Venezuela Coal Corp.
	 	 
	Peabody Venture Fund, LLC
	 	 
	Peabody-Waterside Development, L.L.C.
	 	 
	Peabody Western Coal Company
	 	 
	Peabody Wild Boar Mining, LLC
	 	 
	Peabody Wild Boar Services, LLC
	 	 
	Peabody Wyoming Services, LLC
	 	 
	PEC Equipment Company, LLC
	 	 
	Point Pleasant Dock Company, LLC
	 	 
	Pond River Land Company
	 	 
	Porcupine Production, LLC
	 	 
	Porcupine Transportation, LLC
	 	 
	Powder River Coal, LLC
	 	 
	Riverview Terminal Company
	 	 
	Sage Creek Coal Company, LLC
	 	 
	Sage Creek Holdings, LLC
	 	 
	School Creek Coal Company, LLC
	 	 
	School Creek Coal Resources, LLC
	 	 
	Seneca Coal Company, LLC
	 	 
	Shoshone Coal Corporation
	 	 
	Star Lake Energy Company, L.L.C.
	 	 
	Sugar Camp Properties, LLC
	 	 
	Thoroughbred Generating Company, LLC
	 	 
	Thoroughbred Mining Company, LLC
	 	 
	Twentymile Coal, LLC
	 	 
	West Roundup Resources, LLC
	 	 
	Williams Fork Coal Company, LLC
	 	 
	Wyoming Natural Gas, LLC
	 	 

F-1-19

Form of
Subsidiary Guarantee

 

 

Annex 1 to

US Subsidiary Guarantee

          ASSUMPTION AGREEMENT, dated as of                     , 20___, made by                     , a
                     [corporation] (the “Additional Guarantor”), in favor of Bank of America,
N.A., as administrative agent (in such capacity, the “Administrative Agent”) for the banks
and other financial institutions (the “Lenders”) parties to the Credit Agreement referred
to below. All capitalized terms not defined herein shall have the meaning ascribed to them in such
Credit Agreement. The Lenders and the Administrative Agent shall be referred to collectively
herein as the “Credit Parties”.

W
I T N E S S E
T H:

          WHEREAS, Peabody Energy Corporation, a Delaware corporation (the “US Borrower”),
Peabody Holland B.V., a private company organized under the laws of the Netherlands (the “Dutch
Borrower,” and together with the US Borrower, the “Borrowers”), the Lenders, Bank of
America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, and Banc of America
Securities LLC, Citigroup Global Markets, Inc., and HSBC Securities (USA) Inc., as Joint Lead
Arrangers and Joint Book Managers, have entered into a Credit Agreement, dated as of June 18, 2010,
(as amended, supplemented, restated or otherwise modified from time to time, the “Credit
Agreement”);

          WHEREAS, in connection with the Credit Agreement, the US Borrower and certain of its
Subsidiaries (other than the Additional Guarantor) have entered into the US Subsidiary Guarantee,
dated as of June 18, 2010 (as amended, supplemented, restated or otherwise modified from time to
time, the “Guarantee”) in favor of the Administrative Agent for the benefit of the Credit
Parties;

          WHEREAS, the Credit Agreement requires the Additional Guarantor to become a party to the
Guarantee; and

          WHEREAS, the Additional Guarantor has agreed to execute and deliver this Assumption Agreement
in order to become a party to the Guarantee.

          NOW, THEREFORE, IT IS AGREED:

          1. Guarantee. By executing and delivering this Assumption Agreement, the Additional
Guarantor, as provided in Section 6.16 of the Guarantee, hereby becomes a party to the Guarantee as
a US Guarantor thereunder with the same force and effect as if originally named therein as a US
Guarantor and, without limiting the generality of the foregoing, hereby expressly assumes all
obligations and liabilities of a US Guarantor thereunder. The information set forth in Annex 1-A
hereto is hereby added to the information set forth in Schedule I to the Guarantee. The Additional
Guarantor hereby represents and warrants as to the Additional Guarantor that each of the
representations and warranties contained in Section 3 of the Guarantee is true and correct in all
material respects on and as the date hereof (after giving effect to this Assumption Agreement),
except to the extent that such representations and warranties specifically refer to an earlier
date, in which case they shall be true and correct in all material respects as of such earlier date
(after giving effect to this Assumption Agreement).

F-1-20

Form of
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          2. Governing Law. THIS ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

          IN WITNESS WHEREOF, the undersigned has caused this Assumption Agreement to be duly executed
and delivered as of the date first above written.

	 	 	 	 	 	 	 

	 	 	[ADDITIONAL GUARANTOR]	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 
	 

	 	 	 	Title:	 	 

F-1-21

Form of
Subsidiary Guarantee

 

 

EXHIBIT F-2

FORM OF DUTCH FACILITY GUARANTEE

F-2

Form of Subsidiary Guarantee

 

 

EXECUTION VERSION

DUTCH FACILITY GUARANTEE

made by

PEABODY ENERGY CORPORATION,

and certain of its Subsidiaries

in favor of

BANK OF AMERICA, N.A.,

as Administrative Agent

Dated as of June 18, 2010

F-2-1

Form of Subsidiary Guarantee

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	SECTION 1. DEFINED TERMS
	 	 	2	 
	 
	 	 	 	 
	1.1 Definitions
	 	 	2	 
	1.2 Other Definitional Provisions
	 	 	3	 
	 
	 	 	 	 
	SECTION 2. GUARANTEE
	 	 	3	 
	 
	 	 	 	 
	2.1 Guarantee
	 	 	3	 
	2.2 Right of Contribution
	 	 	4	 
	2.3 No Subrogation
	 	 	4	 
	2.4 Amendments, etc. with Respect to the Dutch Borrower Obligations
	 	 	4	 
	2.5 Guarantee Absolute and Unconditional
	 	 	4	 
	2.6 Reinstatement
	 	 	5	 
	2.7 Payments
	 	 	6	 
	 
	 	 	 	 
	SECTION 3. REPRESENTATIONS AND WARRANTIES
	 	 	6	 
	 
	 	 	 	 
	3.1 Representations in Credit Agreement
	 	 	6	 
	 
	 	 	 	 
	SECTION 4. COVENANTS
	 	 	6	 
	 
	 	 	 	 
	4.1 Covenants in Credit Agreement
	 	 	6	 
	 
	 	 	 	 
	SECTION 5. REMEDIAL PROVISIONS
	 	 	6	 
	 
	 	 	 	 
	5.1 Application of Proceeds
	 	 	6	 
	5.2 Code and Other Remedies
	 	 	6	 
	 
	 	 	 	 
	SECTION 6. MISCELLANEOUS
	 	 	7	 
	 
	 	 	 	 
	6.1 Amendments in Writing
	 	 	7	 
	6.2 Notices
	 	 	7	 
	6.3 No Waiver by Course of Conduct; Cumulative Remedies
	 	 	7	 
	6.4 Enforcement Expenses; Indemnification
	 	 	7	 
	6.5 Successors and Assigns
	 	 	7	 
	6.6 Set-Off
	 	 	8	 
	6.7 Counterparts
	 	 	8	 
	6.8 Severability
	 	 	8	 
	6.9 Section Headings
	 	 	8	 
	6.10 Integration
	 	 	8	 
	6.11 GOVERNING LAW
	 	 	9	 
	6.12 Submission To Jurisdiction; Waivers
	 	 	9	 
	6.13 Acknowledgements
	 	 	9	 
	6.14 WAIVER OF JURY TRIAL
	 	 	10	 

F-2-2

Form of Subsidiary Guarantee

 

 

	 	 	 	 	 
	 	 	Page	 
	6.15 Releases
	 	 	10	 
	6.16 Additional Guarantors
	 	 	10	 
	6.17 Foreign Currency
	 	 	10	 
	6.18 Conflict
	 	 	11	 

	 	 	 

	Schedule I

	 	Notice Addresses of Dutch Guarantors
	 
	 	 
	Schedule II

	 	List of Dutch Guarantors
	 
	 	 
	Annex 1

	 	Form of Assumption Agreement

F-2-3

Form of Subsidiary Guarantee

 

 

DUTCH FACILITY GUARANTEE

          DUTCH FACILITY GUARANTEE, dated as of June 18, 2010, made by each of the signatories hereto
and each entity that may become a Dutch Guarantor (as defined below) as provided in Section 6.16,
in favor of Bank of America, N.A., as administrative agent (in such capacity, the
“Administrative Agent”) for the banks and other financial institutions (the
“Lenders”) from time to time parties to the Credit Agreement, dated as of the date hereof
(as amended, supplemented, restated or otherwise modified from time to time, the “Credit
Agreement”), among Peabody Energy Corporation, a Delaware corporation (the “US
Borrower”), Peabody Holland B.V., a private company organized under the laws of the Netherlands
(the “Dutch Borrower”, and together with the US Borrower, the “Borrowers”), the
Lenders, Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, and Banc
of America Securities LLC, Citigroup Global Markets, Inc., and HSBC Securities (USA) Inc., as
Joint Lead Arrangers and Joint Book Managers. The Lenders holding Dutch Borrower Obligations and
the Administrative Agent shall be referred to collectively herein as the “Credit Parties”.

WITNESSETH:

          WHEREAS, pursuant to the Credit Agreement, the Lenders have severally agreed to make
extensions of credit to the Dutch Borrower upon the terms and subject to the conditions set forth
therein;

          WHEREAS, the Dutch Borrower is a member of an affiliated group of companies that includes each
other Peabody Entity (as defined below);

          WHEREAS, the proceeds of the extensions of credit under the Credit Agreement will be used in
part to enable the Dutch Borrower to make valuable transfers to one or more of the Dutch Guarantors
in connection with the operation of their respective businesses;

          WHEREAS, the Peabody Entities are engaged in related businesses, and each Dutch Guarantor will
derive substantial direct and indirect benefit from the making of the extensions of credit under
the Credit Agreement; and

          WHEREAS, it is a condition precedent to the obligation of the Lenders to make their respective
extensions of credit to the Dutch Borrower under the Credit Agreement that the Dutch Guarantors
shall have executed and delivered this Agreement (as defined below) to the Administrative Agent for
the ratable benefit of the Credit Parties.

          NOW, THEREFORE, in consideration of the premises and to induce the Administrative Agent and
the Lenders to enter into the Credit Agreement and to induce the Lenders to make their respective
extensions of credit to the Dutch Borrower thereunder, each Dutch Guarantor hereby agrees with the
Administrative Agent, for the ratable benefit of the holders of Dutch Borrower Obligations (as
defined below), as follows:

F-2-4

Form of Subsidiary Guarantee

 

 

SECTION 1. DEFINED TERMS

     1.1 Definitions. Unless otherwise defined herein, terms defined in the Credit Agreement and used herein
shall have the meanings given to them in the Credit Agreement.

     The following terms shall have the following meanings:

     “Agreement”: this Dutch Facility Guarantee, as the same may be amended,
supplemented, restated or otherwise modified from time to time.

     “Dutch Borrower Obligations”: the collective reference to the unpaid principal
of and interest on the Dutch Borrower Revolving Credit Loans made to the Dutch Borrower and
all other obligations and liabilities of the Dutch Borrower (including, without limitation,
interest accruing at the then applicable rate provided in the Credit Agreement after the
maturity of the Dutch Borrower Revolving Credit Loans made to the Dutch Borrower and
interest accruing at the then applicable rate provided in the Credit Agreement after the
filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization
or like proceeding, relating to the Dutch Borrower, whether or not a claim for post-filing
or post-petition interest is allowed in such proceeding) to the Administrative Agent or any
Lender, in each case, whether direct or indirect, absolute or contingent, due or to become
due, or now existing or hereafter incurred, which may arise under, out of, or in connection
with, the Credit Agreement, this Agreement, or the other Loan Documents entered into by the
Dutch Borrower or any Restricted Subsidiary of the Dutch Borrower with any Lender or any
other document made, delivered or given in connection therewith, in each case whether on
account of principal, interest, reimbursement obligations, fees, indemnities, costs,
expenses or otherwise (including, without limitation, all fees and disbursements of counsel
to the Administrative Agent or the Lenders that are required to be paid by the Dutch
Borrower pursuant to the terms of any of the foregoing agreements).

     “Dutch Guarantor”: each of the signatories hereto (other than the
Administrative Agent) and each other entity that becomes a Dutch Guarantor hereunder
pursuant to Section 6.16.

     “Dutch Guarantor Obligations”: with respect to any Dutch Guarantor, the
collective reference to (i) the Dutch Borrower Obligations and (ii) all obligations and
liabilities of such Dutch Guarantor which may arise under or in connection with this
Agreement or any other Loan Document to which such Dutch Guarantor is a party, in each case
whether on account of guarantee obligations, reimbursement obligations, fees, indemnities,
costs, expenses or otherwise (including, without limitation, all fees and disbursements of
counsel to the Administrative Agent and counsel to the Lenders that are required to be paid
by such Dutch Guarantor pursuant to the terms of this Agreement or any other Loan Document
to which such Dutch Guarantor is a party).

     “Obligations”: (i) in the case of the Dutch Borrower, the Dutch Borrower
Obligations and (ii) in the case of each Dutch Guarantor, its Dutch Guarantor Obligations.

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     “Peabody Entity”: the Dutch Borrower and each Dutch Guarantor.

     1.2 Other Definitional Provisions. (a) The words “hereof,” “herein”, “hereto” and “hereunder” and words of similar import
when used in this Agreement shall refer to this Agreement as a whole and not to any particular
provision of this Agreement, and Section and Schedule references are to this Agreement unless
otherwise specified.

          (b) The meanings given to terms defined herein shall be equally applicable to both the
singular and plural forms of such terms.

SECTION 2. GUARANTEE

     2.1 Guarantee. (a) Each of the Dutch Guarantors hereby, jointly and severally, unconditionally and
irrevocably, guarantees to the Administrative Agent, for the ratable benefit of the Credit Parties
and their respective successors, indorsees, transferees and assigns, the prompt and complete
payment and performance by the Dutch Borrower when due (whether at the stated maturity, by
acceleration or otherwise) of the Dutch Borrower Obligations.

          (b) Anything herein or in any other Loan Document to the contrary notwithstanding, the maximum
liability of each Dutch Guarantor hereunder and under the other Loan Documents shall in no event
exceed the amount which can be guaranteed by such Dutch Guarantor under applicable laws relating to
the insolvency of debtors (after giving effect to the right of contribution established in Section
2.2).

          (c) Each Dutch Guarantor agrees that the Dutch Borrower Obligations may at any time and from
time to time exceed the amount of the liability of such Dutch Guarantor hereunder without impairing
the guarantee contained in this Section 2 or affecting the rights and remedies of the Credit
Parties hereunder.

          (d) The guarantee contained in this Section 2 shall remain in full force and effect until all
the Dutch Guarantor Obligations shall have been satisfied by payment in full and the Dutch Borrower
Revolving Credit Commitments shall be terminated, notwithstanding that from time to time during the
term of the Credit Agreement the Dutch Borrower may be free from any Dutch Borrower Obligations.

          (e) No payment made by the Dutch Borrower, any of the Dutch Guarantors, any other guarantor or
any other Person or received or collected by any Credit Party from the Dutch Borrower, any of the
Dutch Guarantors, any other guarantor or any other Person by virtue of any action or proceeding or
any set-off or appropriation or application at any time or from time to time in reduction of or in
payment of the Dutch Borrower Obligations shall be deemed to reduce, release or otherwise affect the liability of any Dutch Guarantor hereunder which
shall, notwithstanding any such payment (other than any payment made by such Dutch Guarantor in
respect of the Dutch Borrower Obligations or any payment received or collected from such Dutch
Guarantor in respect of the Dutch Borrower Obligations), remain liable for the Dutch Borrower
Obligations up to the maximum liability of such Dutch Guarantor hereunder until the Dutch Borrower
Obligations are paid in full and the Dutch Borrower Revolving Credit Commitments are terminated.

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     2.2 Right of Contribution. Each Dutch Guarantor hereby agrees that to the extent that a Dutch Guarantor shall have
paid more than its proportionate share of any payment made hereunder, such Dutch Guarantor shall be
entitled to seek and receive contribution from and against any other Dutch Guarantor hereunder
which has not paid its proportionate share of such payment. Each Dutch Guarantor’s right of
contribution shall be subject to the terms and conditions of Section 2.3. The provisions of this
Section 2.2 shall in no respect limit the obligations and liabilities of any Dutch Guarantor to the
Credit Parties, and each Dutch Guarantor shall remain jointly and severally liable to the Credit
Parties for the full amount guaranteed by such Dutch Guarantor hereunder.

     2.3 No Subrogation. Notwithstanding any payment made by any Dutch Guarantor hereunder or any set-off or
application of funds of any Dutch Guarantor by any Credit Party, no Dutch Guarantor shall be
entitled to be subrogated to any of the rights of any Credit Party against the Dutch Borrower or
any Dutch Guarantor or any collateral security or guarantee or right of offset held by any Credit
Party for the payment of the Dutch Borrower Obligations, nor shall any Dutch Guarantor seek or be
entitled to seek any contribution or reimbursement from the Dutch Borrower or any other Dutch
Guarantor in respect of payments made by such Dutch Guarantor hereunder, until all amounts owing to
the Credit Parties by the Dutch Borrower on account of the Dutch Borrower Obligations are paid in
full and the Dutch Borrower Revolving Credit Commitments are terminated. If any amount shall be
paid to any Dutch Guarantor on account of such subrogation rights at any time when all of the Dutch
Borrower Obligations shall not have been paid in full, such amount shall be held by such Dutch
Guarantor in trust for the Credit Parties, segregated from other funds of such Dutch Guarantor, and
shall, forthwith upon receipt by such Dutch Guarantor, be turned over to the Administrative Agent
in the exact form received by such Dutch Guarantor (duly indorsed by such Dutch Guarantor to the
Administrative Agent, if required), to be applied against the Dutch Borrower Obligations, whether
matured or unmatured, in such order as the Administrative Agent may determine.

     2.4 Amendments, etc. with Respect to the Dutch Borrower Obligations. Each Dutch Guarantor shall remain obligated hereunder notwithstanding that, without any
reservation of rights against any Dutch Guarantor and without notice to or further assent by any
Dutch Guarantor, any demand for payment of any of the Dutch Borrower Obligations made by any Credit
Party may be rescinded by such Credit Party and any of the Dutch Borrower Obligations continued,
and the Dutch Borrower Obligations, or the liability of any other Person upon or for any part
thereof, or any collateral security or guarantee therefor or right of offset with respect thereto,
may, from time to time, in whole or in part, be renewed, extended, amended, modified, accelerated,
compromised, waived, surrendered or released by any Credit Party, and the Credit Agreement and the
other Loan Documents and any other documents executed and delivered in connection therewith may be
amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or
the Required Lenders or all Lenders, as the case may be) may deem advisable from time to time, and
any collateral security, guarantee or right of offset at any time held by any Credit Party for the
payment of the Dutch Borrower Obligations may be sold, exchanged, waived, surrendered or released.

     2.5 Guarantee Absolute and Unconditional. Each Dutch Guarantor waives any and all notice of the creation, renewal, extension or
accrual of any of the Dutch Borrower Obligations and notice of or proof of reliance by any Credit
Party upon the guarantee contained in this

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Section 2 or acceptance of the guarantee contained in
this Section 2; the Dutch Borrower Obligations, and any of them, shall conclusively be deemed to have
been created, contracted or incurred, or renewed, extended, amended or waived, in reliance upon the
guarantee contained in this Section 2; and all dealings between the Dutch Borrower and any of the
Dutch Guarantors, on the one hand, and the Credit Parties, on the other hand, likewise shall be
conclusively presumed to have been had or consummated in reliance upon the guarantee contained in
this Section 2. Each Dutch Guarantor waives diligence, presentment, protest, demand for payment
and notice of default or nonpayment to or upon the Dutch Borrower or any of the Dutch Guarantors
with respect to the Dutch Borrower Obligations. Each Dutch Guarantor understands and agrees that
the guarantee contained in this Section 2 shall be construed as a continuing, absolute and
unconditional guarantee of payment and performance without regard to (a) the validity or
enforceability of the Credit Agreement or any other Loan Document, any of the Dutch Borrower
Obligations or any other collateral security therefor or guarantee or right of offset with respect
thereto at any time or from time to time held by any Credit Party, (b) any defense, set-off or
counterclaim (other than a defense of payment or performance) which may at any time be available to
or be asserted by the Dutch Borrower or any other Person against any Credit Party, (c) any acts of
any legislative body or governmental authority affecting the Dutch Borrower, including but not
limited to, any restrictions on the conversion of currency or repatriation or control of funds or
any total or partial expropriation of the Dutch Borrower’s property, or by economic, political,
regulatory or other events in the countries where the Dutch Borrower is located, or (d) any other
circumstance whatsoever (with or without notice to or knowledge of the Dutch Borrower or such Dutch
Guarantor) which constitutes, or might be construed to constitute, an equitable or legal discharge
of the Dutch Borrower for the Dutch Borrower Obligations, or of such Dutch Guarantor under the
guarantee contained in this Section 2, in bankruptcy or in any other instance. When making any
demand hereunder or otherwise pursuing its rights and remedies hereunder against any Dutch
Guarantor, any Credit Party may, but shall be under no obligation to, make a similar demand on or
otherwise pursue such rights and remedies as it may have against the Dutch Borrower, any other
Dutch Guarantor or any other Person or against any guarantee for the Dutch Borrower Obligations or
any right of offset with respect thereto, and any failure by the Administrative Agent or any other
Credit Party to make any such demand, to pursue such other rights or remedies or to collect any
payments from the Dutch Borrower, any other Dutch Guarantor or any other Person or to realize upon
any such guarantee or to exercise any such right of offset, or any release of the Dutch Borrower,
any other Dutch Guarantor or any other Person or any such guarantee or right of offset, shall not
relieve any Dutch Guarantor of any obligation or liability hereunder, and shall not impair or
affect the rights and remedies, whether express, implied or available as a matter of law, of the
Credit Parties against any Dutch Guarantor. For the purposes hereof “demand” shall include the
commencement and continuance of any legal proceedings.

     2.6 Reinstatement. The guarantee contained in this Section 2 shall, to the extent permissible at law, continue
to be effective, or be reinstated, as the case may be, if at any time payment, or any part thereof,
of any of the Dutch Borrower Obligations is rescinded or must otherwise be restored or returned by
any Credit Party upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the
Dutch Borrower or any Dutch Guarantor, or upon or as a result of the appointment of a receiver,
intervenor or conservator of, or trustee or similar officer for, the Dutch Borrower or any Dutch Guarantor or any substantial part of its property, or otherwise,
all as though such payments had not been made.

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     2.7 Payments. Each Dutch Guarantor hereby guarantees that payments hereunder will be paid to the
Administrative Agent without set-off or counterclaim in the United States in U.S. Dollars in
immediately available funds at the office of the Administrative Agent at Bank of America N.A., New
York, NY, ABA# 026009593, Account No.: 136-621-225-0600, Ref: Peabody Energy or such other office
as may be notified to the Dutch Guarantors by the Administrative Agent from time to time.

SECTION 3. REPRESENTATIONS AND WARRANTIES

     3.1 Representations in Credit Agreement. To induce the Administrative Agent and the Lenders to enter into the Credit Agreement and
to induce the Lenders to make their respective extensions of credit to the Dutch Borrower
thereunder, each Dutch Guarantor hereby represents and warrants to each Credit Party that the
representations and warranties set forth in Section 5 of the Credit Agreement as they relate to
such Dutch Guarantor or to the other Loan Documents to which such Dutch Guarantor is a party, each
of which is hereby incorporated herein by reference, mutatis mutandis, are true and correct in all
material respects on and as of the date hereof, and the Credit Parties shall be entitled to rely on
each of them as if they were fully set forth herein, provided that each reference in each
such representation and warranty to the Dutch Borrower’s knowledge shall, for the purposes of this
Section 3.1, be deemed to be a reference to such Dutch Guarantor’s knowledge.

SECTION 4. COVENANTS

          Each Dutch Guarantor covenants and agrees with the Credit Parties that, from and after the
date of this Agreement until the Dutch Borrower Obligations shall have been paid in full and the
Dutch Borrower Revolving Credit Commitments shall have terminated:

     4.1 Covenants in Credit Agreement. Such Dutch Guarantor shall take, or shall refrain from taking, as the case may be, each
action that is necessary to be taken or not taken, as the case may be, so that no Default or Event
of Default is caused by the failure to take such action or to refrain from taking such action by
such Dutch Guarantor.

SECTION 5. REMEDIAL PROVISIONS

     5.1 Application of Proceeds. The Administrative Agent may apply all or any part of any proceeds of the guarantee set
forth in Section 2, to payment of the Dutch Borrower Obligations in such order as set forth in
Section 8.03 of the Credit Agreement.

     5.2 Code and Other Remedies. If an Event of Default shall occur and be continuing, the Administrative Agent, on behalf
of the Credit Parties, may exercise, in addition to all other rights and remedies granted to them
in this Agreement and in any other instrument or agreement securing, evidencing or relating to the
Dutch Borrower Obligations, all rights and remedies available to it under any applicable Loan
Document or under any applicable law or in equity.

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SECTION 6. MISCELLANEOUS

     6.1 Amendments in Writing. None of the terms or provisions of this Agreement may be waived, amended, supplemented or
otherwise modified except in accordance with Section 10.01 of the Credit Agreement.

     6.2 Notices. All notices, requests and demands to or upon the Administrative Agent or any Dutch
Guarantor hereunder shall be effected in the manner provided for in Section 10.02 of the Credit
Agreement; provided that any such notice, request or demand to or upon any Dutch Guarantor
shall be addressed to such Dutch Guarantor at its notice address set forth on Schedule I.

     6.3 No Waiver by Course of Conduct; Cumulative Remedies. None of the Credit Parties shall by any act (except by a written instrument pursuant to
Section 6.1), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy
hereunder or to have acquiesced to any Default or Event of Default. No failure to exercise, nor
any delay in exercising, on the part of any Credit Party, any right, power or privilege hereunder
shall operate as a waiver thereof. No single or partial exercise of any right, power or privilege
hereunder shall preclude any other or further exercise thereof or the exercise of any other right,
power or privilege. A waiver by any Credit Party of any right or remedy hereunder on any one
occasion shall not be construed as a bar to any right or remedy which such Credit Party would
otherwise have on any future occasion. The rights and remedies herein provided are cumulative, may
be exercised singly or concurrently and are not exclusive of any other rights or remedies provided
by law.

     6.4 Enforcement Expenses; Indemnification. (a) Each Dutch Guarantor agrees to pay or reimburse each Credit Party for all its
reasonable and documented costs and expenses incurred in collecting against such Dutch Guarantor
under the guarantee contained in Section 2 or otherwise enforcing or preserving any rights under
this Agreement and the other Loan Documents to which such Dutch Guarantor is a party, including,
without limitation, the reasonable and documented fees and disbursements of counsel to each Credit
Party and of counsel to the Administrative Agent.

          (b) Each Dutch Guarantor agrees to pay, and to save the Credit Parties harmless from, any and
all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements of any kind or nature whatsoever with respect to the execution, delivery,
enforcement, performance and administration of this Agreement to the extent the Dutch Borrower
would be required to do so pursuant to Section 10.04 of the Credit Agreement.

          (c) The agreements in this Section 6.4 shall survive repayment of the Dutch Borrower
Obligations and all other amounts payable under the Credit Agreement and the other Loan Documents.

     6.5 Successors and Assigns. This Agreement shall be binding upon the successors and assigns of each Dutch Guarantor and
shall inure to the benefit of the Credit Parties and their successors and assigns; provided
that no Dutch Guarantor may assign, transfer or delegate any of

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its rights or obligations under this Agreement without the prior written consent of the
Administrative Agent, unless pursuant to a transaction not prohibited by the Credit Agreement.

     6.6 Set-Off. Each Dutch Guarantor hereby irrevocably authorizes each Credit Party at any time and from
time to time pursuant to Section 10.08 of the Credit Agreement, upon any amount becoming due and
payable hereunder, without notice to such Dutch Guarantor or any other Dutch Guarantor, any such
notice being expressly waived by each Dutch Guarantor, to set-off and appropriate and apply any and
all deposits (general or special, time or demand, provisional or final), in any currency, and any
other credits, indebtedness or claims, in any currency, in each case whether direct or indirect,
absolute or contingent, matured or unmatured, at any time held or owing by such Credit Party to or
for the credit or the account of such Dutch Guarantor, or any part thereof in such amounts as such
Credit Party may elect, against and on account of the Obligations and liabilities of such Dutch
Guarantor to such Credit Party hereunder then due and owing and claims of every nature and
description of such Credit Party against such Dutch Guarantor then due and owing, in any currency,
arising hereunder, under the Credit Agreement or any other Loan Document, as such Credit Party may
elect, whether or not such Credit Party has made any demand for payment and although such
Obligations, liabilities and claims may be contingent or unmatured. Each Credit Party shall notify
such Dutch Guarantor promptly of any such set-off and the application made by such Credit Party of
the proceeds thereof, provided that the failure to give such notice shall not affect the
validity of such set-off and application. The rights of each Credit Party under this Section 6.6
are in addition to other rights and remedies (including, without limitation, other rights of
set-off) which such Credit Party may have.

     6.7 Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any
number of separate counterparts, and all of said counterparts taken together shall be deemed to
constitute one and the same instrument. Delivery of an executed counterpart of a signature of this
Agreement by telecopy or other electronic imaging means shall be effective as delivery of a
manually executed counterpart of this Agreement.

     6.8 Severability. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction
with respect to any of the Dutch Guarantors shall, as to such jurisdiction and such Dutch
Guarantor, be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof with respect to such Dutch Guarantor or any of the
other Dutch Guarantors, and any such prohibition or unenforceability in any jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction or with respect to any
of the other Dutch Guarantors in any jurisdiction.

     6.9 Section Headings. The Section headings used in this Agreement are for convenience of reference only and are
not to affect the construction hereof or be taken into consideration in the interpretation hereof.

     6.10 Integration. This Agreement and the other Loan Documents represent the agreement of the Dutch Guarantors
and the Credit Parties with respect to the subject matter hereof and thereof, and there are no
promises, undertakings, representations or warranties by any Credit Party relative to subject
matter hereof and thereof not expressly set forth or referred to herein or in the other Loan
Documents.

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     6.11 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE
LAW OF THE STATE OF NEW YORK.

     6.12 Submission To Jurisdiction; Waivers. Each Dutch Guarantor hereby irrevocably and unconditionally:

     (a) submits for itself in any legal action or proceeding relating to this Agreement and
the other Loan Documents to which it is a party, or for recognition and enforcement of any
judgment in respect thereof, to the non-exclusive general jurisdiction of the Courts of the
State of New York, the courts of the United States of America for the Southern District of
New York, and appellate courts from any thereof;

     (b) consents that any such action or proceeding may be brought in such courts and
waives any objection that it may now or hereafter have to the venue of any such action or
proceeding in any such court or that such action or proceeding was brought in an
inconvenient court and agrees not to plead or claim the same;

     (c) agrees that service of process in any such action or proceeding may be effected by
mailing a copy thereof by registered or certified mail (or any substantially similar form of
mail), postage prepaid, to such Dutch Guarantor at its address referred to in Section 6.2 or
at such other address of which the Administrative Agent shall have been notified pursuant
thereto;

     (d) agrees that nothing herein shall affect the right to effect service of process in
any other manner permitted by law or shall limit the right to sue in any other jurisdiction;
and

     (e) waives, to the maximum extent not prohibited by law, any right it may have to claim
or recover in any legal action or proceeding referred to in this Section any special,
exemplary, punitive or consequential damages.

     6.13 Acknowledgements. Each Dutch Guarantor hereby acknowledges that:

     (a) it has been advised by counsel in the negotiation, execution and delivery of this
Agreement and the other Loan Documents to which it is a party;

     (b) none of the Credit Parties has any fiduciary relationship with or duty to any Dutch
Guarantor arising out of or in connection with this Agreement or any of the other Loan
Documents, and the relationship between the Dutch Guarantors, on the one hand, and the
Credit Parties, on the other hand, in connection herewith or therewith is solely that of
debtor and creditor; and

     (c) no joint venture is created hereby or by the other Loan Documents or otherwise
exists by virtue of the transactions contemplated hereby among the Credit Parties or among
the Dutch Guarantors and the Credit Parties.

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     6.14 WAIVER OF JURY TRIAL. EACH DUTCH GUARANTOR AND, BY ACCEPTANCE OF THE BENEFITS HEREOF, EACH OF THE CREDIT PARTIES
HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING
RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

     6.15 Releases. (a) Upon the Dutch Facility Termination Date, this Agreement and all obligations (other
than those expressly stated to survive such termination) of the Administrative Agent and each Dutch
Guarantor hereunder shall terminate automatically, all without delivery of any instrument or
performance of any act by any party. At the request and sole expense of any Dutch Guarantor
following any such termination, the Administrative Agent shall execute and deliver to such Dutch
Guarantor such documents as such Dutch Guarantor shall reasonably request to evidence such
termination.

          (b) At such time as a Dutch Guarantor ceases (i) to be a Subsidiary as a result of a
transaction not prohibited by the Credit Agreement or (ii) to be required to guarantee the Dutch
Borrower Obligations by virtue of the definition of Dutch Facility Guarantor under the Credit
Agreement (subject to compliance with Section 6.15 of the Credit Agreement), in each case, subject
to (x) the US Borrower having delivered to the Administrative Agent a certificate (a “Release
Certificate”) identifying the relevant Dutch Guarantor and certifying that such transaction is
not prohibited by the Credit Agreement or as to the basis on which such Subsidiary no longer falls
within the definition of Dutch Facility Guarantor (in compliance with Section 6.15 of the Credit
Agreement) and (y) the Administrative Agent’s reasonable satisfaction that the circumstances
described in clause (i) or (ii) above exist (it being agreed that the Administrative Agent may, but
is not obligated to, rely solely on the US Borrower’s Release Certificate in making such
determination), the Administrative Agent shall promptly release the Dutch Guarantor from its
obligations hereunder pursuant to documentation reasonably acceptable to the Administrative Agent
and the US Borrower, at the sole cost and expense of the US Borrower. Notwithstanding the
foregoing, the Administrative Agent shall not be required to release a Dutch Guarantor which is a
Domestic Subsidiary from its obligations hereunder pursuant to this Section 6.15(b) unless,
prior to or concurrently with such release, such Dutch Guarantor is released from its obligations
as a guarantor under all Senior Notes Indentures.

     6.16 Additional Guarantors. Each Subsidiary of the US Borrower that elects to become a party to this Agreement or is
required to become a party to this Agreement pursuant to Section 6.12 of the Credit Agreement shall
become a Dutch Guarantor for all purposes of this Agreement upon execution and delivery by such
Subsidiary of an Assumption Agreement in the form of Annex 1 hereto.

     6.17 Foreign Currency. If the Administrative Agent so notifies a Dutch Guarantor in writing, at the Administrative
Agent’s sole and absolute discretion, payments under this Guarantee shall be the Dollar Equivalent
of the Guaranteed Obligations or any portion thereof which are denominated in an Alternative
Currency, determined as of the date payment is made. If any claim arising under or related to this
Guarantee is reduced to judgment and the amount of such judgment is denominated in a currency (the
“Judgment Currency”) other than the currencies in which the Guaranteed Obligations are
denominated or the currencies payable hereunder (collectively the “Obligations Currency”),
for purposes hereof the amount of the judgment shall

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be the Obligations Currency equivalent of the judgment in the Judgment Currency, determined as of
the date of judgment and calculated at the spot rate for the purchase of the Obligations Currency
with the Judgment Currency quoted by the Administrative Agent in the place of the Administrative
Agent’s choice at or about 8:00 a.m. in the jurisdiction of the Obligations Currency on the date
for determination specified above. The Dutch Guarantor shall indemnify the Credit Parties and hold
the Credit Parties harmless from and against all loss or damage resulting from any change in
exchange rates between the date any claim is reduced to judgment and the date of payment thereof by
the Dutch Guarantor and, if the amount of the Obligations Currency so purchased is greater than the
amount of the judgment in the Obligations Currency on the date the claim is reduced to judgment
(calculated as set forth in the above sentence) as a result of any change in exchange rates between
the date of payment of any claim by the Dutch Guarantor and the date such claim is reduced to
judgment, the Credit Parties agree to return the amount of any excess to the applicable Dutch
Guarantor (or to any other Person who may be entitled thereto under applicable law).

     6.18 Conflict. In the event there is a conflict between the terms of this Agreement and the Credit
Agreement, the Credit Agreement shall control.

[SIGNATURE PAGES TO FOLLOW]

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          IN WITNESS WHEREOF, each of the undersigned has caused this Guarantee to be duly executed and
delivered as of the date first above written.

	 	 	 	 	 
	 	EACH OF THE DUTCH GUARANTORS LISTED ON SCHEDULE II
HERETO

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	Accepted on behalf of the

Credit Parties as of the date first

above written

BANK OF AMERICA, N.A.,

as Administrative Agent

 	 	 
	By:  	 	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 
	 
	Acknowledged and agreed:

PEABODY HOLLAND B.V.,

a private company organized under

the laws of the Netherlands

 	 	 
	By:  	 	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 

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Schedule I

NOTICE ADDRESSES OF DUTCH FACILITY GUARANTORS

To: [Dutch Guarantor]

	 	c/o  	 	Peabody Investments Corp.
701 Market Street
St. Louis, Missouri 63101
Attn: Treasurer
Fax: (314) 342-7740

with a copy to:

	 	c/o  	 	Peabody Investments Corp.
701 Market Street
St. Louis, Missouri 63101
Attn: Chief Legal Officer
Fax: (314) 342-3419

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Schedule II

LIST OF DUTCH GUARANTORS

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Annex 1 to

Dutch Facility Guarantee

          ASSUMPTION AGREEMENT, dated as of                                         , 20___, made by
                                        , a
                     [corporation] (the “Additional Guarantor”), in favor of Bank of America,
N.A., as administrative agent (in such capacity, the “Administrative Agent”) for the banks
and other financial institutions (the “Lenders”) parties to the Credit Agreement referred
to below. All capitalized terms not defined herein shall have the meaning ascribed to them in such
Credit Agreement. The Lenders and the Administrative Agent shall be referred to collectively
herein as the “Credit Parties”.

WITNESSETH:

          WHEREAS, Peabody Energy Corporation, a Delaware corporation (the “US Borrower”),
Peabody Holland B.V., a private company organized under the laws of the Netherlands (the “Dutch
Borrower,” and together with the US Borrower, the “Borrowers”), the Lenders, Bank of
America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, and Banc of America
Securities LLC, Citigroup Global Markets, Inc., and HSBC Securities (USA) Inc., as Joint Lead
Arrangers and Joint Book Managers, have entered into a Credit Agreement, dated as of June 18, 2010,
(as amended, supplemented, restated or otherwise modified from time to time, the “Credit
Agreement”);

          WHEREAS, in connection with the Credit Agreement, the Dutch Borrower and certain Subsidiaries
of the US Borrower (other than the Additional Guarantor) have entered into the Dutch Facility
Guarantee, dated as of June 18, 2010 (as amended, supplemented, restated or otherwise modified from
time to time, the “Guarantee”) in favor of the Administrative Agent for the benefit of the
Credit Parties;

          WHEREAS, the Credit Agreement requires the Additional Guarantor to become a party to the
Guarantee; and

          WHEREAS, the Additional Guarantor has agreed to execute and deliver this Assumption Agreement
in order to become a party to the Guarantee.

          NOW, THEREFORE, IT IS AGREED:

          1. Guarantee. By executing and delivering this Assumption Agreement, the Additional
Guarantor, as provided in Section 6.16 of the Guarantee, hereby becomes a party to the Guarantee as
a Dutch Guarantor thereunder with the same force and effect as if originally named therein as a
Dutch Guarantor and, without limiting the generality of the foregoing, hereby expressly assumes all
obligations and liabilities of a Dutch Guarantor thereunder. The information set forth in Annex
1-A hereto is hereby added to the information set forth in Schedule I to the Guarantee. The
Additional Guarantor hereby represents and warrants as to the Additional Guarantor that each of the
representations and warranties contained in Section 3 of the Guarantee is true and correct in all
material respects on and as the date hereof (after giving effect to this Assumption Agreement),
except to the extent that such representations and

F-2-18

Form of Subsidiary Guarantee

 

 

warranties specifically refer to an earlier date, in which case they shall be true and correct
in all material respects as of such earlier date (after giving effect to this Assumption
Agreement).

          2. Governing Law. THIS ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

          IN WITNESS WHEREOF, the undersigned has caused this Assumption Agreement to be duly executed
and delivered as of the date first above written.

	 	 	 	 	 
	 	[ADDITIONAL GUARANTOR]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

F-2-19

Form of Subsidiary Guarantee

 

 

EXHIBIT H-1

Form of Opinion of Simpson, Thacher & Bartlett LLP

H-1

Form of Opinion of Simpson, Thacher & Bartlett LLP

 

 

June 18, 2010

Bank of America, N.A., as Administrative Agent

   under the Credit Agreement, as hereinafter

   defined (the “Administrative Agent”)

and

The Lenders listed on Schedule I hereto

	 	Re:  	 	Credit Agreement (the “Credit Agreement”), dated as of June 18,
2010, among Peabody Energy Corporation, a Delaware corporation (the
“Company”), Peabody Holland B.V. (the “Dutch Borrower”, and together with the
Company, the “Borrowers”), Bank of America, N.A., as Administrative Agent,
Swing Line Lender and L/C Issuer, Banc of America Securities LLC, Citigroup
Global Markets, Inc. and HSBC Securities (USA) Inc., as joint lead arrangers
and joint book managers, and the several lenders from time to time parties
thereto (the “Lenders”).

Ladies and Gentlemen:

          We have acted as counsel to the Company and the subsidiaries of the Company named on Schedule
II attached hereto (each, a “Subsidiary Guarantor” and, collectively, the “Subsidiary Guarantors”;
the Borrowers and the Subsidiary Guarantors being referred to herein collectively as the “Loan
Parties”) in connection with the preparation, execution and delivery of the following documents:

          (a) the Credit Agreement;

          (b) the Notes dated the date hereof delivered to the Lenders; and

          (c) the US Subsidiary Guaranty.

H-1-1

Form of Opinion of Simpson, Thacher & Bartlett LLP

 

 

					
	 
	 	 
	 	June 18, 2010

The documents described in the foregoing clauses (a) through (c) are collectively referred to
herein as the “Loan Documents.” Unless otherwise indicated, capitalized terms used but not defined
herein shall have the respective meanings set forth in the Credit Agreement. This opinion is
furnished to you pursuant to Section 4.01(a)(v) of the Credit Agreement.

          In connection with this opinion, we have examined:

	 	(A)	 	the Credit Agreement, signed by the Company and the
Administrative Agent and certain of the Lenders; and

	 	(B)	 	each other Loan Document, signed by each Loan Party a party
thereto.

In addition, we have examined, and have relied as to matters of fact upon, the documents delivered
to you at the closing, and upon originals, or duplicates or certified or conformed copies, of such
corporate records, agreements, documents and other instruments and such certificates or comparable
documents of public officials and of officers and representatives of the Loan Parties, and have
made such other investigations as we have deemed relevant and necessary in connection with the
opinions hereinafter set forth. In such examination, we have assumed the genuineness of all
signatures, the legal capacity of natural persons, the authenticity of all documents submitted to
us as originals, the conformity to original documents of all documents submitted to us as
duplicates or certified or conformed copies, and the authenticity of the originals of such latter
documents. In addition, we have examined, and have relied as to certain matters of fact upon the
representations made in the Loan Documents.

          Based upon and subject to the foregoing, and subject to the qualifications and limitations set
forth herein, we are of the opinion that:

H-1-2

Form of Opinion of Simpson, Thacher & Bartlett LLP

 

 

					
	 
	 	 
	 	June 18, 2010

          1. Each of the Loan Parties (other than the Loan Parties listed on Schedule III hereto (the
“Non-Delaware Loan Parties”)) (a) is validly existing and in good standing under the laws
of the State of Delaware, (b) has the corporate, limited liability or limited partnership power and
authority to execute and deliver each of the Loan Documents to which it is a party and to borrow
and perform its obligations thereunder and (c) has duly authorized, executed and delivered each
Loan Document to which it is a party.

          2. Assuming that proceeds of borrowings will be used in accordance with the terms of the
Credit Agreement, the execution and delivery by each Loan Party of the Loan Documents to which it
is a party, borrowings by the Borrowers in accordance with the terms of the Credit Agreement and
performance by each Loan Party of its payment obligations under the Loan Documents to which such
Loan Party is a party (a) do not and will not result in any violation of any federal or New York
statute or the Delaware General Corporation Law or the Delaware Limited Liability Act or the
Delaware Revised Uniform Limited Partnership Act or any rule or regulation issued pursuant to any
federal or New York statute or the Delaware General Corporation Law or the Delaware Limited
Liability Act or the Delaware Revised Uniform Limited Partnership Act or any order known to us
issued by any court or governmental agency or body and (b) will not breach or result in a default
under or result in the creation of any lien upon or security interest in the property of any Loan
Party pursuant to the terms of any agreement identified on Schedule IV hereto.

          3. No consent, approval, authorization, order, filing, registration or qualification of or
with any federal or New York governmental agency or body or any Delaware governmental agency or
body acting pursuant to the Delaware General Corporation Law, the Delaware Limited Liability
Company Act or the Delaware Revised Uniform Limited Partnership Act is required for the execution
and delivery by any Loan Party of the Loan Documents to which it is a party or the performance by
any Loan Party of its payment obligations under the Loan Documents to which such Loan Party is a
party.

          4. Assuming that each of the Loan Documents is a valid and legally binding obligation of each
of the parties thereto other than the Loan Parties and assuming that (a) each of the Non-Delaware
Loan Parties is validly existing and in good standing under the laws of the jurisdiction in which
it is organized and has duly authorized, executed and delivered the Loan Documents to which it is a
party in accordance with its organizational documents, (b) the execution, delivery and performance
by each Loan Party of the Loan Documents to which it is a party do not violate the laws of the
jurisdiction in which it is organized or any other applicable laws (excepting the law of the State
of New York, the Delaware General Corporation Law, the Delaware Limited Liability Company Act, the
Delaware Revised Uniform Limited Partnership Act and the federal laws of the United States) and (c)
the execution, delivery and performance by each Loan Party of the Loan Documents to which it is a
party do not constitute a breach or violation of any agreement or instrument which is binding upon
such Loan Party (except that we do not make the assumption in the foregoing clause (c) with respect
to the agreements that are the subject of opinion paragraph 2 of this letter), each Loan Document
constitutes the valid and legally binding obligation of each Loan Party which is a party thereto,
enforceable against such Loan Party in accordance with its terms.

H-1-3

Form of Opinion of Simpson, Thacher & Bartlett LLP

 

 

					
	 
	 	 
	 	June 18, 2010

          5. To our knowledge, there is no action, suit or proceeding now pending before or by any
court, arbitrator or governmental agency, body or official to which the Company is a party or to
which the business, assets or property of the Company is subject, and no such action, suit or
proceeding is threatened to which the Company or the business, assets or property of the Company
would be subject, that in either case questions the validity of the Loan Documents.

          6. Neither of the Borrowers nor any Subsidiary Guarantor is an “investment company” within the
meaning of, and subject to regulation under, the Investment Company Act of 1940, as amended.

          7. Assuming that the Borrowers will comply with the provisions of the Credit Agreement
relating to the use of proceeds, the execution and delivery of the Credit Agreement by the Company
and the making of the Loans under the Credit Agreement will not violate Regulation T, U or X of the
Board of Governors of the Federal Reserve System.

          Our opinion in paragraph 4 above is subject to (i) the effects of bankruptcy, insolvency,
fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting
creditors’ rights generally, (ii) general equitable principles (whether considered in a proceeding
in equity or at law), (iii) an implied covenant of good faith and fair dealing and (iv) the effects
of the possible judicial application of foreign laws or foreign governmental or judicial action
affecting creditors’ rights.

          We note that (A) a New York statute provides that with respect to a foreign currency
obligation a court of the State of New York shall render a judgment or decree in such foreign
currency and such judgment or decree shall be converted into currency of the United States at the
rate of exchange prevailing on the date of entry of such judgment or decree and (B) with respect to
a foreign currency obligation a United States federal court in New York may award judgment in
United States dollars, provided that we express no opinion as to the rate of exchange such court
would apply.

          We express no opinion with respect to:

     (A) any matters subject to the Coal Act or the Black Lung Act, and the rules and regulations
promulgated thereunder;

H-1-4

Form of Opinion of Simpson, Thacher & Bartlett LLP

 

 

					
	 
	 	 
	 	June 18, 2010

     (B) the effect of any provision of the Loan Documents which is intended to permit modification
thereof only by means of an agreement in writing signed by the parties thereto;

     (C) the effect of any provision of the Loan Documents insofar as it provides that any Person
purchasing a participation from a Lender or other Person may exercise set-off or similar rights
with respect to such participation or that any Lender or other Person may exercise set-off or
similar rights other than in accordance with applicable law;

     (D) the effect of any provision of the Loan Documents imposing penalties or forfeitures;

     (E) the enforceability of any provision of the Loan Documents to the extent that such
provision constitutes a waiver of illegality as a defense to performance of contract obligations;
and

     (F) the effect of any provision of the Loan Documents relating to indemnification or
exculpation in connection with violations of any securities laws or relating to indemnification,
contribution or exculpation in connection with willful, reckless or criminal acts or gross
negligence of the indemnified or exculpated Person or the Person receiving contribution.

          In connection with the provisions of the Loan Documents whereby any Loan Party submits to the
jurisdiction of the United States District Court for the Southern District of New York, we note the
limitations of 28 U.S.C. §§ 1331 and 1332 on subject matter jurisdiction of the federal courts. In
connection with the provisions of the Loan Documents which relate to forum selection (including,
without limitation, any waiver of any objection to venue or any objection that a court is an
inconvenient forum), we note that under NYCPLR § 510 a New York state court may have discretion to
transfer the place of trial, and under 28 U.S.C. § 1404(a) a United States district court has
discretion to transfer an action from one federal court to another.

          With respect to certain matters of Dutch law, we understand that you are relying on the
opinion of Baker McKenzie Amsterdam N.V. dated the date hereof.

          With respect to certain matters of Illinois law, we understand that you are relying on the
opinion of Thompson Coburn LLP dated the date hereof.

H-1-5

Form of Opinion of Simpson, Thacher & Bartlett LLP

 

 

					
	 
	 	 
	 	June 18, 2010

          With respect to certain matters of Indiana law, we understand that you are relying on the
opinion of Ziemer, Stayman, Weitzel & Shoulders, LLP, dated the date hereof.

          With respect to certain matters with respect to the Loan Parties, we understand that you are
relying on the opinion of Kenneth L. Wagner, Vice President, Assistant General Counsel and
Assistant Secretary of the Company, dated the date hereof.

          We do not express any opinion herein concerning any law other than the law of the State of New
York, the federal law of the United States, the Delaware General Corporation Law, the Delaware
Limited Liability Company Act and the Delaware Revised Uniform Limited Partnership Act.

          This opinion letter is rendered to you in connection with the above described transactions.
This opinion letter may not be relied upon by you for any other purpose, or relied upon by, or
furnished to, any other person, firm or corporation without our prior written consent.

Very truly yours,

SIMPSON THACHER & BARTLETT LLP

H-1-6

Form of Opinion of Simpson, Thacher & Bartlett LLP

 

 

Schedule I

The Lenders

1. Bank Leumi USA

2. Bank of America, N.A.

3. Bank of Tokyo Mitsubishi UFJ, Ltd. (The)

4. Barclays Bank PLC

5. Bank of Montreal, Chicago Branch

6. BNP Paribas

7. Branch Banking & Trust Company

8. Caterpillar Financial Services Corporation

9. Citibank, N.A.

10. City National Bank

11. Comerica Bank

12. Commonwealth Bank of Australia

13. Crédit Industriel et Commercial

14. Compass Bank

15. Credit Agricole Corporate and Investment Bank

16. Fifth Third Bank, an Ohio Banking Corporation

17. Governor & Company of the Bank of Ireland (The)

18. HSBC Bank USA National Association

19. Hua Nan Commercial Bank, Ltd. New York Agency

20. JP Morgan Chase Bank, N.A.

21. Mega International Commercial Bank Co., Ltd. New York Branch

22. Morgan Stanley Bank, N.A.

23. Nanyang Commercial Bank, Ltd.

24. National Australia Bank Limited

25. Oversea-Chinese Banking Corporation Limited, New York Agency

26. People’s United Bank

27. PNC Bank, National Association

28. Royal Bank of Scotland plc (The)

29. Société Générale

30. Sovereign Bank

31. Standard Chartered Bank

32. Sumitomo Mitsui Banking Corporation, New York

33. State Bank of India (California), Los Angeles Branch

34. UMB Bank, N.A.

35. UniCredit Bank AG, New York Branch

36. Union Bank, N.A.

37. United Overseas Bank Limited, New York Agency

38. U.S. Bank National Association

39. Wells Fargo Bank, N.A.

40. Westpac Banking Corporation

41. Wing Lung Bank Ltd., Los Angeles Branch

H-1-7

Form of Opinion of Simpson, Thacher & Bartlett LLP

 

 

Schedule II

Subsidiary Guarantors

American Land Development, LLC

American Land Holdings of Colorado, LLC

American Land Holdings of Illinois, LLC

American Land Holdings of Indiana, LLC

American Land Holdings of Kentucky, LLC

American Land Holdings of West Virginia, LLC

Arid Operations Inc.

Big Ridge, Inc.

Big Sky Coal Company

Black Hills Mining Company, LLC

BTU Empire Company, LLC

BTU Western Resources, Inc.

Caballo Coal, LLC

Caballo Grande, LLC

Caseyville Dock Company, LLC

Central States Coal Reserves of Illinois, LLC

Central States Coal Reserves of Indiana, LLC

Century Mineral Resources, Inc.

Coal Reserve Holding Limited Liability Company No. 1

COALSALES II, LLC

Colorado Yampa Coal Company

Conservancy Resources, LLC

Cottonwood Land Company

Cyprus Creek Land Company

Cyprus Creek Land Resources, LLC

Dyson Creek Coal Company, LLC

Dyson Creek Mining Company, LLC

El Segundo Coal Company, LLC

Elkland Holdings, LLC

Falcon Coal Company, LLC

Gallo Finance Company

Gold Fields Chile, LLC

Gold Fields Mining, LLC

Gold Fields Ortiz, LLC

Hayden Gulch Terminal, LLC

Highwall Mining Services Company

Hillside Recreational Lands, LLC

HMC Mining, LLC

H-1-8

Form of Opinion of Simpson, Thacher & Bartlett LLP

 

 

Illinois Land Holdings, LLC

Independence Material Handling, LLC

James River Coal Terminal, LLC

Juniper Coal Company

Kayenta Mobile Home Park, Inc.

Kentucky Syngas, LLC

Lively Grove Energy, LLC

Lively Grove Energy Partners, LLC

Marigold Electricity, LLC

Midco Supply and Equipment Corporation

Midwest Coal Acquisition Corp.

Midwest Coal Reserves of Illinois, LLC

Midwest Coal Reserves of Indiana, LLC

Mustang Energy Company, L.L.C.

New Mexico Coal Resources, LLC

Peabody America, Inc.

Peabody Archveyor, L.L.C.

Peabody Arclar Mining, LLC

Peabody Bear Run Mining, LLC

Peabody Bear Run Services, LLC

Peabody Cardinal Gasification, LLC

Peabody COALSALES, LLC

Peabody COALTRADE, LLC

Peabody COALTRADE International (CTI), LLC

Peabody Colorado Operations, LLC

Peabody Colorado Services, LLC

Peabody Coulterville Mining, LLC

Peabody Development Company, LLC

Peabody Electricity, LLC

Peabody Employment Services, LLC

Peabody Energy Generation Holding Company

Peabody Energy Investments, Inc.

Peabody Energy Solutions, Inc.

Peabody Gateway North Mining, LLC

Peabody Gateway Services, LLC

Peabody Holding Company, LLC

Peabody Illinois Services, LLC

Peabody Indiana Services, LLC

Peabody International Investments, Inc.

Peabody International Services, Inc.

Peabody Investments Corp.

Peabody Midwest Management Services, LLC

Peabody Midwest Mining, LLC

H-1-9

Form of Opinion of Simpson, Thacher & Bartlett LLP

 

 

Peabody Midwest Operations, LLC

Peabody Midwest Services, LLC

Peabody Natural Gas, LLC

Peabody Natural Resources Company

Peabody New Mexico Services, LLC

Peabody Operations Holding, LLC

Peabody Powder River Operations, LLC

Peabody Powder River Services, LLC

Peabody PowerTree Investments, LLC

Peabody Recreational Lands, L.L.C.

Peabody Rocky Mountain Management Services, LLC

Peabody Rocky Mountain Services, LLC

Peabody Services Holdings, LLC

Peabody Southwest, LLC

Peabody Southwestern Coal Company

Peabody Terminal Holding Company, Inc.

Peabody Terminals, LLC

Peabody Twentymile Mining, LLC

Peabody Venezuela Coal Corp.

Peabody Venture Fund, LLC

Peabody-Waterside Development, L.L.C.

Peabody Western Coal Company

Peabody Wild Boar Mining, LLC

Peabody Wild Boar Services, LLC

Peabody Wyoming Services, LLC

PEC Equipment Company, LLC

Point Pleasant Dock Company, LLC

Pond River Land Company

Porcupine Production, LLC

Porcupine Transportation, LLC

Powder River Coal, LLC

Riverview Terminal Company

Sage Creek Coal Company, LLC

Sage Creek Holdings, LLC

School Creek Coal Company, LLC

School Creek Coal Resources, LLC

Seneca Coal Company, LLC

Shoshone Coal Corporation

Star Lake Energy Company, L.L.C.

Sugar Camp Properties, LLC

Thoroughbred Generating Company, LLC

Thoroughbred Mining Company, LLC

Twentymile Coal, LLC

H-1-10

Form of Opinion of Simpson, Thacher & Bartlett LLP

 

 

West Roundup Resources, LLC

Williams Fork Coal Company, LLC

Wyoming Natural Gas, LLC

H-1-11

Form of Opinion of Simpson, Thacher & Bartlett LLP

 

 

Schedule III

Non-Delaware Loan Parties

Big Ridge, Inc.

Black Hills Mining Company, LLC

Century Mineral Resources, Inc.

Falcon Coal Company, LLC

Illinois Land Holdings, LLC

Midco Supply and Equipment Corporation

Peabody Arclar Mining, LLC

Peabody Midwest Mining, LLC

Sugar Camp Properties, LLC

H-1-12

Form of Opinion of Simpson, Thacher & Bartlett LLP

 

 

Schedule IV

Agreements

          1. The Indenture (as supplemented), dated as of March 21, 2003, among Peabody, the
guarantors named therein and U.S. Bank National Association, as trustee, for the 6 7/8% Senior
Notes due 2013.

          2. The Indenture (as supplemented), dated as of March 19, 2004, among Peabody, the guarantors
named therein and U.S. Bank National Association, as trustee, for the 5 7/8% Senior Notes due 2016.

          3. The Indenture (as supplemented), dated as of October 12, 2006, among Peabody, the
guarantors named therein and U.S. Bank National Association, as trustee, for the 7 3/8% Senior
Notes due 2016.

          4. The Indenture (as supplemented), dated as of October 12, 2006, among Peabody, the
guarantors named therein and U.S. Bank, National Association, as trustee, for the 7 7/8% Senior
Notes due 2026.

          5. The Subordinated Indenture (as supplemented by the First Supplement Indenture dated
December 20, 2006), dated as of December 20, 2006, between Peabody and U.S. Bank National
Association, as trustee, for the 4.75% Convertible Junior Subordinated Debentures due 2066.

H-1-13

Form of Opinion of Simpson, Thacher & Bartlett LLP

 

 

EXHIBIT H-2

Form of Opinion of Kenneth L. Wagner, Esq.

H-2

Form of Opinion of Kenneth L. Wagner, Esq.

 

 

June 18, 2010

Bank of America, N.A., as Administrative Agent

     under the Credit Agreement, as hereinafter

     defined (the “Administrative Agent”)

and

The Lenders listed on Schedule I hereto

				
	 	Re:	 	Credit Agreement (the “Credit Agreement”), dated as of June [18],
2010, among Peabody Energy Corporation, a Delaware corporation (the
“Company”), Peabody Holland B.V. (the “Dutch Borrower”; and together with the
Company, the “Borrowers”), Bank of America, N.A., as Administrative Agent,
Swing Line Lender and L/C Issuer, Banc of America Securities LLC, Citigroup
Global Markets, Inc. and HSBC Securities (USA) Inc., as joint lead arrangers
and joint book managers, and the several lenders from time to time parties
thereto (the “Lenders”).

 

Ladies and Gentlemen:

I am Vice President, Assistant General Counsel and Assistant Secretary of the Company. I have
supervised the corporate proceedings of the Company and each of the subsidiaries of the Company
named on Schedule II attached hereto (each, a “Subsidiary Guarantor” and, collectively, the
“Subsidiary Guarantors”; the Borrowers and the Subsidiary Guarantors being referred to herein
collectively as the “Loan Parties”), in connection with the preparation, execution and delivery of
the following documents:

	 	a.	 	the Credit Agreement;
	 
	 	b.	 	the Notes dated the date hereof delivered to the Lenders, and
	 
	 	c.	 	the US Subsidiary Guarantee.

The documents described in the foregoing clauses (a) through (c) are collectively referred to
herein as the “Loan Documents.” Unless otherwise indicated, capitalized terms used but not defined
herein shall have the respective meanings set forth in the Credit Agreement. This opinion is
furnished to you pursuant to Section 4.01(a)(vi) of the Credit Agreement.

H-2-1

Form of Opinion of Kenneth L. Wagner, Esq.

 

June 18, 2010

In connection with this opinion, I have examined:

	 	(A)	 	the Credit Agreement; and
	 
	 	(B)	 	each other Loan Document.

In addition, I have also examined, and have relied as to matters of fact upon, the documents
delivered to you at the closing, and upon the originals, or duplicates or certified or conformed
copies, of such corporate records, agreements, documents and other instruments and such
certificates or comparable documents of public officials and of officers and representatives of the
Loan Parties, and have made such other investigations as I have deemed relevant and necessary in
connection with the opinions hereinafter set forth.

I have assumed in rendering the opinion set forth below: (a) that the Loan Documents have been
duly authorized by each party thereto and that the Loan Documents have been validly executed and
delivered by and are the valid and binding obligation of each party thereto enforceable against
such party in accordance with its terms; (b) that the execution, delivery and performance of the
Agreement by each party thereto other than the Company does not contravene or conflict with such
party’s articles of incorporation or bylaws or other organizational documents or contravene or
conflict with any law or regulation binding upon such party; (c) that each party to the Loan
Documents has acted in good faith in executing and delivering the Loan Documents; (d) that the Loan
Documents and the Other Agreement (as defined below) would be enforced as written; (e) that the
Loan Parties will not in the future take any discretionary action (including a decision not to act)
permitted under the Loan Documents that would constitute a breach or default under the Other
Agreement; and (f) that all parties to the Loan Documents will act in accordance with, and refrain
from taking any action that is forbidden by, the terms and conditions of the Other Agreement. For
purposes of this opinion letter, “Other Agreement” means the Second Amended and Restated
Receivables Purchase Agreement, dated as of December 15, 2009, by and among P&L Receivables
Company, LLC, the Company, the sub-servicers named therein, Market Street Funding LLC, the LC
Participants named therein and PNC Bank, National Association, as Administrator and as LC Bank.

Additionally, I have assumed the genuineness of all signatures, the legal capacity of natural
persons, the authenticity of all documents submitted to me as originals, the conformity to original
documents of all documents submitted to me as duplicates or certified or conformed copies, and the
authenticity of the originals of such latter documents. As to questions of fact material to this
opinion, I have relied upon certificates of public officials and of officers and representatives of
the Loan Parties. In addition, I have examined, and have relied as to certain matters of fact
upon, the representations made in the Loan Documents.

When a statement herein is qualified by the phrase “to my knowledge”, it is intended to indicate
that no information that would give current actual knowledge of the inaccuracy of such statement
has come to my attention.

H-2-2

Form of Opinion of Kenneth L. Wagner, Esq.

 

June 18, 2010

I am a member of the Bar of the State of Missouri and, accordingly, I express no opinion as to the
laws of any jurisdiction other than the laws of the State of Missouri and the federal laws of the
United States of America, each as currently in effect.

Based upon the foregoing, and subject to the limitations, qualifications, exceptions and
assumptions set forth herein, I am of the opinion that the execution and delivery by each Loan
Party of the Loan Documents to which it is a party, borrowings by the Borrowers in accordance with
the terms of the Loan Documents and performance of their payment obligations thereunder will not
breach or result in a default under or result in the creation of any lien upon or security interest
in the Loan Parties’ properties pursuant to the terms of the Other Agreement.

In addition, I advise you that to my knowledge there are no legal actions, suits or proceedings
pending or overtly threatened in writing, in arbitration or before any court or other governmental
authority, that name any Loan Party and are specifically directed to any Loan Party or its property
(a) that question the validity of the Loan Documents or (b) other than as described in the
Company’s reports on Form 10-K and 10-Q filed with the Securities and Exchange Commission, that, so
far as the Company can now foresee considering their probability of success, could reasonably be
expected to result in a Material Adverse Effect.

This opinion letter is rendered to you in connection with the above described transactions. This
opinion letter may not be relied upon by you for any other purpose, or relied upon by, or furnished
to, any other person, firm or corporation without my prior written consent. At your request, I
hereby consent to reliance hereon by any future assignee of your interest in the loans under the
Credit Agreement pursuant to an assignment that is made and consented to (to the extent required)
in accordance with the express provisions of Section 10.6 of the Credit Agreement, on the condition
and understanding that (i) this letter speaks only as of the date hereof, (ii) I have no
responsibility or obligation to update this letter, to consider its applicability or correctness to
other than its addressees, or to take into account changes in law, facts or any other developments
of which I may later become aware, (iii) any such reliance by a future assignee must be actual and
reasonable under the circumstances existing at the time of assignment, including any changes in
law, facts or any other developments known to or reasonably knowable by the assignee at such time
and (iv) I may revoke my consent to such reliance at any time by notice to the Lenders then party
to the Credit Agreement, so long as such notice is accompanied by a replacement opinion letter
addressing the matters covered in this opinion letter in a manner reasonably satisfactory to such
Lenders.

	 	 	 	 	 
	 	Very truly yours,

Kenneth L. Wagner

 	 

H-2-3

Form of Opinion of Kenneth L. Wagner, Esq.

 

 

Schedule I

The Lenders

1. Bank Leumi USA

2. Bank of America, N.A.

3. Bank of Tokyo Mitsubishi UFJ, Ltd. (The)

4. Barclays Bank PLC

5. Bank of Montreal, Chicago Branch

6. BNP Paribas

7. Branch Banking & Trust Company

8. Caterpillar Financial Services Corporation

9. Citibank, N.A.

10. City National Bank

11. Comerica Bank

12. Commonwealth Bank of Australia

13. Crédit Industriel et Commercial

14. Compass Bank

15. Credit Agricole Corporate and Investment Bank

16. Fifth Third Bank, an Ohio Banking Corporation

17. Governor & Company of the Bank of Ireland (The)

18. HSBC Bank USA National Association

19. Hua Nan Commercial Bank, Ltd. New York Agency

20. JP Morgan Chase Bank, N.A.

21. Mega International Commercial Bank Co., Ltd. New York Branch

22. Morgan Stanley Bank, N.A.

23. Nanyang Commercial Bank, Ltd.

24. National Australia Bank Limited

25. Oversea-Chinese Banking Corporation Limited, New York Agency

26. People’s United Bank

27. PNC Bank, National Association

28. Royal Bank of Scotland plc (The)

29. Société Générale

30. Sovereign Bank

31. Standard Chartered Bank

32. Sumitomo Mitsui Banking Corporation, New York

33. State Bank of India (California), Los Angeles Branch

34. UMB Bank, N.A.

35. UniCredit Bank AG, New York Branch

36. Union Bank, N.A.

37. United Overseas Bank Limited, New York Agency

38. U.S. Bank National Association

39. Wells Fargo Bank, N.A.

40. Westpac Banking Corporation

41. Wing Lung Bank Ltd., Los Angeles Branch

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Form of Opinion of Kenneth L. Wagner, Esq.

 

 

Schedule II

Subsidiary Guarantors

American Land Development, LLC

American Land Holdings of Colorado, LLC

American Land Holdings of Illinois, LLC

American Land Holdings of Indiana, LLC

American Land Holdings of Kentucky, LLC

American Land Holdings of West Virginia, LLC

Arid Operations Inc.

Big Ridge, Inc.

Big Sky Coal Company

Black Hills Mining Company, LLC

BTU Empire Company, LLC

BTU Western Resources, Inc.

Caballo Coal, LLC

Caballo Grande, LLC

Caseyville Dock Company, LLC

Central States Coal Reserves of Illinois, LLC

Central States Coal Reserves of Indiana, LLC

Century Mineral Resources, Inc.

Coal Reserve Holding Limited Liability Company No. 1

COALSALES II, LLC

Colorado Yampa Coal Company

Conservancy Resources, LLC

Cottonwood Land Company

Cyprus Creek Land Company

Cyprus Creek Land Resources, LLC

Dyson Creek Coal Company, LLC

Dyson Creek Mining Company, LLC

El Segundo Coal Company, LLC

Elkland Holdings, LLC

Falcon Coal Company, LLC

Gallo Finance Company

Gold Fields Chile, LLC

Gold Fields Mining, LLC

Gold Fields Ortiz, LLC

Hayden Gulch Terminal, LLC

Highwall Mining Services Company

Hillside Recreational Lands, LLC

HMC Mining, LLC

Illinois Land Holdings, LLC

Independence Material Handling, LLC

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Form of Opinion of Kenneth L. Wagner, Esq.

 

 

James River Coal Terminal, LLC

Juniper Coal Company

Kayenta Mobile Home Park, Inc.

Kentucky Syngas, LLC

Lively Grove Energy, LLC

Lively Grove Energy Partners, LLC

Marigold Electricity, LLC

Midco Supply and Equipment Corporation

Midwest Coal Acquisition Corp.

Midwest Coal Reserves of Illinois, LLC

Midwest Coal Reserves of Indiana, LLC

Mustang Energy Company, L.L.C.

New Mexico Coal Resources, LLC

Peabody America, Inc.

Peabody Archveyor, L.L.C.

Peabody Arclar Mining, LLC

Peabody Bear Run Mining, LLC

Peabody Bear Run Services, LLC

Peabody Cardinal Gasification, LLC

Peabody COALSALES, LLC

Peabody COALTRADE, LLC

Peabody COALTRADE International (CTI), LLC

Peabody Colorado Operations, LLC

Peabody Colorado Services, LLC

Peabody Coulterville Mining, LLC

Peabody Development Company, LLC

Peabody Electricity, LLC

Peabody Employment Services, LLC

Peabody Energy Generation Holding Company

Peabody Energy Investments, Inc.

Peabody Energy Solutions, Inc.

Peabody Gateway North Mining, LLC

Peabody Gateway Services, LLC

Peabody Holding Company, LLC

Peabody Illinois Services, LLC

Peabody Indiana Services, LLC

Peabody International Investments, Inc.

Peabody International Services, Inc.

Peabody Investments Corp.

Peabody Midwest Management Services, LLC

Peabody Midwest Mining, LLC

Peabody Midwest Operations, LLC

Peabody Midwest Services, LLC

Peabody Natural Gas, LLC

Peabody Natural Resources Company

Peabody New Mexico Services, LLC

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Form of Opinion of Kenneth L. Wagner, Esq.

 

 

Peabody Operations Holding, LLC

Peabody Powder River Operations, LLC

Peabody Powder River Services, LLC

Peabody PowerTree Investments, LLC

Peabody Recreational Lands, L.L.C.

Peabody Rocky Mountain Management Services, LLC

Peabody Rocky Mountain Services, LLC

Peabody Services Holdings, LLC

Peabody Southwest, LLC

Peabody Southwestern Coal Company

Peabody Terminal Holding Company, Inc.

Peabody Terminals, LLC

Peabody Twentymile Mining, LLC

Peabody Venezuela Coal Corp.

Peabody Venture Fund, LLC

Peabody-Waterside Development, L.L.C.

Peabody Western Coal Company

Peabody Wild Boar Mining, LLC

Peabody Wild Boar Services, LLC

Peabody Wyoming Services, LLC

PEC Equipment Company, LLC

Point Pleasant Dock Company, LLC

Pond River Land Company

Porcupine Production, LLC

Porcupine Transportation, LLC

Powder River Coal, LLC

Riverview Terminal Company

Sage Creek Coal Company, LLC

Sage Creek Holdings, LLC

School Creek Coal Company, LLC

School Creek Coal Resources, LLC

Seneca Coal Company, LLC

Shoshone Coal Corporation

Star Lake Energy Company, L.L.C.

Sugar Camp Properties, LLC

Thoroughbred Generating Company, LLC

Thoroughbred Mining Company, LLC

Twentymile Coal, LLC

West Roundup Resources, LLC

Williams Fork Coal Company, LLC

Wyoming Natural Gas, LLC

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Form of Opinion of Kenneth L. Wagner, Esq.

 

 

EXHIBIT H-3

Form of Opinion of Baker & McKenzie Amsterdam N.V.

H-3

Form of Opinion of Baker & McKenzie Amsterdam N.V.

 

 

	 	 	 

	Bank of America, N.A., as Administrative 

Agent

under the Credit Agreement, as hereinafter 

defined

100 Federal Street

Boston, Massachusetts 02110

	 	F.L. Tanke
Office: +31 20 551 7508

and

The Lenders listed on Schedule 1 attached hereto

June 18, 2010

22219407-32/871539.3/FLT

Re: Peabody Holland B.V.

Dear Sirs,

We are acting as special Dutch legal counsel to Peabody Holland B.V., a company incorporated under
the laws of the Netherlands with its principal offices at Strawinskylaan 3105, 1077 ZX, Amsterdam,
the Netherlands (the “Company”) for the sole purpose of rendering a legal opinion as to certain
matters of Dutch law in connection with a CREDIT AGREEMENT among inter alia Peabody Energy
Corporation and the Company as borrowers, Bank of America, N.A., as Administrative Agent, Swingline
Lender and L/C Issuer, and Banc of America Securities LLC, Citigroup Global Markets, Inc. and HSBC
Securities (USA) Inc. as Joint Lead Arrangers and Joint Book Managers and the Other Lenders Party
thereto (the “Credit Agreement”).

For the purposes of this opinion, we have examined, and relied with your consent solely upon,
originals or electronic copies of the documents as listed below, but not any documents or
agreements cross-referred to in any such document (the “Documents”):

	a)	 	the Credit Agreement;

	b)	 	a closing certificate, dated June 18, 2010, executed on behalf of the Company by 18 June 2010
(the “Closing Certificate”);

	c)	 	the written resolutions of the board of managing directors (bestuur) of the Company, dated 16
June 2010, inter alia, authorising the execution by the Company of the Documents (the “Board
Resolution”);

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Form of Opinion of Baker & McKenzie Amsterdam N.V.

 

 

	d)	 	the written resolutions of the shareholders of the Company, dated [•] June 2010, inter alia,
authorising the execution by the Company of the Documents (the “Shareholder’s Resolution”);

	e)	 	the excerpt, dated 18 June 2010, from the Commercial Register of the Chamber of Commerce for
Amsterdam (the “Chamber of Commerce”) regarding the registration of the Company with the
Chamber of Commerce under number 34257821, confirmed by telephone on the date hereof to be
up-to-date (the “Company Excerpt”);

	f)	 	the deed of incorporation (akte van oprichting) of the Company, dated 11 October 2006 (the
“Deed of Incorporation”), which, according to the Company Excerpt, are the current articles of
association of the Company being in force on the date hereof; and

	g)	 	the power of attorney granted by the board of managing directors (bestuur) of the Company and
incorporated in the Board Resolution authorising each of Mr. Walter Leroy Hawkins, managing
director of the Company and Senior Vice President and Treasurer of Peabody Energy Corporation,
born in Bourne, Massachusetts, United States of America on August 7, 1958, residing at 625
Skinker Boulevard, 1203, St. Louis, Missouri 63105 and holder of a US passport with number
204763848, Mr. Matthew S. Davis, Assistant Treasurer of Peabody Energy Corporation, born in
St. Louis, Missouri, United States of America on August 12, 1976, residing at 12530 Sunset
Drive, St. Louis, Missouri 63128 and holder of a US passport with number 216926022 and Mr.
Kenneth L. Wagner, Vice President, Assistant General Counsel and Assistant Secretary of
Peabody Energy Corporation, born in McPherson, Kansas, United States of America on October 13,
1956, residing at 13 Dogwood Lane, St. Louis, Missouri 63124 and holder of a US passport with
number 456036087, acting individually to execute and deliver the Credit Agreement and the
Closing Certificate to which the Company is a party on behalf of the Company (the “Power of
Attorney”).

The documents under c) through g) are hereinafter collectively referred to as the “Corporate
Documents”. The Board Resolution and Shareholder’s Resolution are hereinafter collectively referred
to as the “Resolutions”.

Words importing the plural include the singular and vice versa.

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Except as stated herein, we have not examined any documents entered into by or affecting the
Company or any corporate records of the Company and have not made any other enquiries concerning
the Company.

In examining and describing the above documents and in giving the opinions stated below, we have,
to the extent necessary to form the opinions given below, with your permission, assumed the
following:

	(i)	 	the genuineness of all signatures on all documents or on the originals thereof;

	(ii)	 	the authenticity and completeness of all documents submitted to us as originals and the
conformity to originals of all conformed, copied, faxed or specimen documents and that all
documents examined by us as draft or execution copy conform to the final and executed
documents;

	(iii)	 	that each party to any Document (other than the Company) has been duly incorporated and
organised and is validly existing and in good standing (where such concept is legally
relevant) under the laws of its jurisdiction of incorporation and of the jurisdiction of its
principal place of business;

	(iv)	 	the power, capacity (corporate, regulatory and otherwise) and authority of all parties (other
than the Company) to enter into and perform their obligations under the Documents and the
legal capacity (handelingsbekwaamheid) of all individuals acting on behalf of any of the
parties;

	(v)	 	the due compliance with all matters (including without limitation the obtaining of the
necessary consents, licenses, approvals and authorisations, the making of the necessary
filings, lodgements, registrations and notifications and the payment of stamp duties, if any,
and other taxes) under any law other than the laws of the Netherlands as may relate to or be
required in respect of (a) the Documents, (b) their lawful execution, (c) the parties thereto
(including the Company) or other persons affected thereby, (d) the performance or enforcement
by or against the parties (including the Company) or such other persons, (e) the borrowing of
monies and the vesting or perfection of any security interest contemplated thereby or (f) the
creation of valid and legally binding obligations of all parties to the Documents (including
the Company) and (g) that such obligations are enforceable against such parties in accordance
with their respective terms;

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Form of Opinion of Baker & McKenzie Amsterdam N.V.

 

 

	(vi)	 	that the obligations under the Credit Agreement which are to be performed in any jurisdiction
outside the Netherlands will not be illegal or contrary to public policy under the laws of
that jurisdiction;

	(vii)	 	the accuracy and completeness of the Corporate Documents and the factual matters stated,
certified or evidenced thereby at the date hereof and that the Resolutions and the Power of
Attorney and any other powers of attorney used in relation to the Document have not been and
will not be amended, superseded, repealed, rescinded or annulled;

	(viii)	 	that the Deed of Incorporation is a valid notarial deed (notariële akte), that the contents
thereof are correct and complete and that there are no defects in the incorporation of the
Company on the basis of which a court may dissolve the Company, it being hereby confirmed that
on the face of the Deed of Incorporation it does not appear that the Deed of Incorporation is
not a valid notarial deed or that there were any defects in the incorporation of the Company;

	(ix)	 	that the Documents and the transactions contemplated thereby or connected therewith (whether
individually or seen as a whole) do not and will not result in a breach of the laws of any
relevant jurisdiction other than that of the Netherlands (including for the avoidance of doubt
tax laws) or are intended to avoid the applicability or the consequences of such laws in a
manner that is not permitted thereunder;

	(x)	 	that under the laws of the State of New York to which the Credit Agreement is expressed to be
subject and under all other relevant laws (other than those of the Netherlands):

	 	(a)	 	the Credit Agreement constitutes and will at all times constitute valid and
legally binding obligations of all parties thereto (including the Company),
enforceable against such parties in accordance with its terms;
	 
	 	(b)	 	the choice of the laws of the State of New York as the governing law of the
Credit Agreement is a valid and legally binding selection;

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Form of Opinion of Baker & McKenzie Amsterdam N.V.

 

 

	 	(c)	 	the submission by the Company to the jurisdiction of the courts of the
State of New York and Federal Court sitting in the City of New York is valid and
binding upon the Company;

	 	(d)	 	the appointment by the Company of the process agent pursuant to the Credit
Agreement as its authorised agent upon whom documents may be served constitutes a
valid, binding and effective appointment;

	(xi)	 	that (1) the Company has not passed a resolution to voluntarily dissolve (ontbinden), merge
(fuseren) or de-merge (splitsen) the Company, (2) no petition has been presented nor order
made by a court for the bankruptcy (faillissement) or moratorium of payment (surséance van
betaling) of the Company and that the Company has not been made subject to comparable
insolvency proceedings in other jurisdictions, (3) no receiver, trustee, administrator
(bewindvoerder) or similar officer has been appointed in respect of the Company or its assets,
(4) the Company has not been subjected to emergency regulations (noodregeling) on the basis of
the Financial Supervision Act (Wet op het financieel toezicht), (5) no decision has been taken
to dissolve (ontbinden) the Company by (a) the competent Chamber of Commerce under article 19a
book 2 of the Dutch Civil Code or (b) the competent Court (rechtbank) under article 21 book 2
of the Dutch Civil Code.
	 
	 	 	Although not constituting conclusive evidence thereof, our assumption is supported by
information obtained by telephone today from (a) the Bankruptcy Clerk Office
(faillissementsgriffie) of the court of Amsterdam (being the competent court in view of
the Company’s corporate seat being at Amsterdam) and (b) the Chamber of Commerce;
	 
	(xii)	 	that to the extent that the Documents were executed by an attorney-in-fact acting pursuant
to a power of attorney issued by the Company, under the laws governing the existence and
extent of the powers of such attorney-in-fact as determined pursuant to the Hague Convention
on the Law Applicable to Agency, if such laws are not the laws of the Netherlands, such power
of attorney authorizes such attorney-in-fact to bind the Company towards the other party or
parties thereto;
	 
	(xiii)	 	that no commitment in respect of, or a loan to the Company shall be granted or assigned in a
principal amount of less than EUR 50,000 or its equivalent at the time of the grant or
assignment;

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Form of Opinion of Baker & McKenzie Amsterdam N.V.

 

 

	(xiv)	 	that unless permitted pursuant to article 2:207c of the Dutch Civil Code, none of the
indebtedness, covenants, liabilities, undertakings, security interests or guarantees, created
or granted by the Company under the Documents has been made, incurred or granted whether alone
or jointly with others as principal guarantor or otherwise in whatever name or style, with a
view to the subscription, payment of or acquisition of any of the shares in the Company or in
any direct or indirect parent company of the Company or to refinance any indebtedness incurred
for such subscription or acquisition;
	 
	(xv)	 	that all parties have entered or will enter into the Credit Agreement to which they are
expressed to be a party from time to time for bona fide commercial reasons and on arm’s length
terms;
	 
	(xvi)	 	that there are no supplemental terms and conditions agreed by the parties to the Documents
inter se or with third parties that could affect or qualify our opinion as set out herein;
	 
	(xvii)	 	that the Company has and will have its “centre of main interests” (as that term is used in
Article 3(1) of the EU Regulation on Insolvency Proceedings (EC No. 1346/2000) (the “EU
Insolvency Regulation”) in the Netherlands; and
	 
	(xviii)	 	that the Company has not nor will have an “establishment” (as defined in Article 2(h) of
the EU Insolvency Regulation) outside of the Netherlands.

We have not investigated or verified and we do not express an opinion on the accuracy of the facts,
representations and warranties as to facts set out in the Documents and in any other document on
which we have relied in giving this opinion and for the purpose of this opinion, we have assumed
that such facts are correct.

We do not express an opinion on matters of fact, matters of law of any jurisdiction other than the
Netherlands, tax (except for the opinion expressed in paragraph 6. below) and anti-trust law and
international law, including, without limitation, the laws of the European Union, except to the
extent the laws of the European Union (but not including anti-trust and tax law) have direct force
and effect in the Netherlands. No opinion is being given on commercial, accounting, tax (except for
the opinion expressed in paragraph 6. below) or other non-legal matters or on the ability of the
parties to meet their financial or other obligations under the Documents.

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Form of Opinion of Baker & McKenzie Amsterdam N.V.

 

 

Based upon and subject to the foregoing and subject to any matters, documents or events not
disclosed to us by the parties concerned and having regard to such legal considerations as we deem
relevant, and subject to the qualifications listed below, we are of the opinion that:

	1.	 	The Company is a corporation duly incorporated, organised and validly existing under the laws
of the Netherlands as a private company with limited liability (besloten vennootschap met
beperkte aansprakelijkheid) and has the corporate power and capacity to enter into, to execute
and to deliver the Credit Agreement and the Closing Certificate and to undertake and perform
the obligations expressed to be assumed by it thereunder.

	2.	 	The Company has not failed to take any necessary corporate action in connection with its
authorization, execution and delivery of the Credit Agreement and the Closing Certificate, the
absence of which may give the Company the right to assert against contracting third parties
acting in good faith that it has not validly entered into the Credit Agreement and the Closing
Certificate.

	3.	 	The Credit Agreement and the Closing Certificate have been duly executed on behalf of the
Company and the Credit Agreement will constitute the valid and legally binding obligations of
the Company enforceable against it, in accordance with its respective terms.

	4.	 	No consent, approval, authorisation of or registration, declaration or filing with, any
governmental authority, including currency exchange control authorities, if any, in the
Netherlands is required in connection with the execution and delivery by the Company of the
Credit Agreement or its respective performance of or compliance with the respective terms,
provisions and conditions thereof.

	5.	 	It is not necessary under the laws of the Netherlands to file, register or otherwise record
in any public office or elsewhere in the Netherlands the Credit Agreement in order to ensure
the legality, validity, enforceability or admissibility in evidence of the Credit Agreement or
other documents relating thereto.

	6.	 	No stamp duty, registration tax or similar documentary tax or charge is required to be paid
in the Netherlands in respect of the execution and delivery of the Credit Agreement.

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Form of Opinion of Baker & McKenzie Amsterdam N.V.

 

 

	7.	 	There are no foreign currency restrictions (deviezenbeperkingen) under the laws of the
Netherlands on the payment by the Company of any sums due under the Credit Agreement.

	8.	 	Under the laws of the Netherlands, the Company is subject to civil and commercial law with
respect to its obligations under the Credit Agreement, and the entry into and performance by
the Company of the Credit Agreement constitutes its private and commercial acts; in any legal
proceedings in the Netherlands in relation to the Credit Agreement neither the Company nor any
of its property or assets enjoy any rights of sovereign or other immunity from legal
proceedings, the execution of judgments, attachments prior to judgment or otherwise.

	9.	 	The choice of laws of the state of New York to govern the Credit Agreement is a valid and
legally binding selection and the submission thereunder by the Company to the jurisdiction of
the courts in New York, United States of America, is valid and legally binding on the Company
and would be upheld by Dutch courts.
	 
	 	 	However, a competent court in the Netherlands, in any matter in which a plaintiff seeks
provisional measures in summary proceedings (kort geding) within the meaning of article
254 of the Dutch Code of Civil Procedure (Wetboek van Burgerlijke Rechtsvordering) or
preliminary decision (voorlopige voorziening) within the meaning of article 223 of the
Dutch Code of Civil Procedure may assume jurisdiction, notwithstanding a contractual
provision to the contrary. Furthermore, notwithstanding any contractual provision to the
contrary, the jurisdiction of Dutch courts may arise in the context of an attachment
against the Company or any of its assets.

	10.	 	There is no treaty regarding the recognition and enforcement of judicial decisions between
the United States of America and the Netherlands. Therefore, a final judgment against the
Company rendered by any New York State court or Federal Court sitting in the City of New York
State would not automatically be enforceable in the Netherlands. However, a final judgment
obtained in a New York State or Federal court sitting in the City of New York State and not
rendered by default, which is not subject to appeal or other means of contestation and is
enforceable in New York with respect to the payment of obligations of the Company under the
Credit Agreement expressed to be subject to New York law would generally be upheld and be
regarded by a Dutch Court

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Form of Opinion of Baker & McKenzie Amsterdam N.V.

 

 

		 	of competent jurisdiction as conclusive evidence when asked to render a judgement in
accordance with that judgment by a New York court, without substantive re-examination or
re-litigation of the merits of the subject matter thereof, if that judgment has been
rendered by a court of competent jurisdiction, in accordance with the principles of due
justice, in an adversarial procedure its contents and enforcement do not conflict with
Dutch public policy (openbare orde) and it has not been rendered in proceedings of a penal
or revenue or other public law nature.
	 
	11.	 	It is not necessary under the laws of the Netherlands (a) in order to enable the
Administrative Agent and the Lenders (as defined in the Credit Agreement) to enforce their
rights under the Credit Agreement or (b) by reason of the execution, delivery or performance
of the Credit Agreement, that the Administrative Agent or the Lenders be licensed, qualified
or entitled to carry on business in the Netherlands.

The opinions expressed above are subject to the following qualifications:

	(i)	 	The choice of the laws of the State of New York to govern the Credit Agreement will generally
be recognised and applied by the courts of the Netherlands, provided however, that Dutch
courts may give effect to provisions which cannot be derogated from by agreement and to the
overriding mandatory provisions of the laws of another country if and insofar as, under the
law of the latter country, those rules must be applied regardless of the law applicable to the
contract. In considering whether to give effect to these overriding mandatory provisions of
such third country, regard shall be had to their nature and purpose and the consequences of
their application or non-application. Moreover, a Dutch court may give effect to the rules of
the laws of the Netherlands in a situation where they are overriding mandatory provisions of
the laws of the Netherlands irrespective of the law otherwise applicable to the documents in
question.

	(ii)	 	The application of a rule of the law of any country that otherwise would govern an obligation
may be refused by the courts of the Netherlands if such application is manifestly incompatible
with the public policy (openbare orde) of the Netherlands.

	(iii)	 	To the extent that the laws of the Netherlands would apply to the Documents (i) the courts
of the Netherlands may deem applicable in addition to the legal consequences (rechtsgevolgen)
which have been agreed upon by the parties to

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	 	 	any of the Documents, upon the execution thereof, such legal consequences which, pursuant
to the nature of the Documents, would result from the law, usual practices or the
requirements of reasonableness and fairness (redelijkheid en billijkheid), (ii) the
enforcement of obligations may be limited to the extent that a court may, as a result of
general principles of Dutch civil law and dependent upon all relevant circumstances of the
particular case, deem enforcement unacceptable with a view to the standards of
reasonableness and fairness and (iii) the courts of the Netherlands may change the effects
of a contractual obligation at the request of any one of the parties thereto, or terminate
the whole or any part of such contractual obligations on the ground that unforeseen
circumstances have occurred of such a nature that the other party or parties may,
according to standards of reasonableness and fairness, not expect an unchanged performance
of the obligation under such contractual obligation; such a change or termination may be
given retroactive force, and (iv) the Documents may be capable of being rescinded
(vernietigd) as a result of lack of consensus ad idem (wilsgebreken) and the legal
consequences thereof.
	 
	(iv)	 	Any enforcement of the Documents and of any foreign judgments in the Netherlands will be
subject to the rules of civil procedure as applied by the courts of the Netherlands. Such
courts have the power to make an award in a foreign currency. However, enforcement against
assets in the Netherlands of a judgment for a sum of money expressed in foreign currency would
be executed in Dutch legal tender and the applicable rate of exchange prevailing at the date
of payment.
	 
	(v)	 	Enforcement of obligations before the courts of the Netherlands will be subject to the degree
to which the relevant obligations are enforceable under their governing law, to the nature of
the remedies available in the courts of the Netherlands, the acceptance by such courts of
jurisdiction, the effect of provisions imposing prescription periods and to the availability
of defences such as set off (unless validly waived) and counter-claim; specific performance
may not always be awarded. In addition, our opinion is subject to and limited by the
provisions of any applicable bankruptcy, insolvency, moratorium, the Financial Transactions
Emergency Act (Noodwet financieel verkeer), the emergency regulations (noodregeling) on the
basis of the Financial Supervision Act (Wet op het financieel toezicht) and other laws of
general application relating to or affecting generally the enforcement of creditors’ rights
and remedies (including the doctrine of creditors’ prejudice (actio Pauliana) within the
meaning of

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	 	 	Article 3:45 of the Dutch Civil Code and/or Article 42 et. sec. of the Dutch Bankruptcy
Act (faillissementswet)).
	 
	(vi)	 	The terms “legal”, “valid”, “binding”, “obligation” and “enforceable” mean that the
obligations to which those terms relate are of a type which under the laws of the Netherlands
are generally recognised or are generally enforceable.
	 
	(vii)	 	The concept of “delivery” of a document is not known or required under the laws of the
Netherlands to render a document valid, binding and enforceable.
	 
	(viii)	 	Powers of attorney terminate (1) by revocation (herroeping) by the person issuing any such
power of attorney (the “Principal”), (2) notice of termination (opzegging) given by the
attorney appointed under such power of attorney (the “Attorney”), or (3) upon the death of,
the commencement of legal guardianship over (ondercuratelestelling), the bankruptcy
(faillissement) of, or the declaration that a debt settlement arrangement
(schuldsaneringsregeling) shall apply to (a) the Attorney unless otherwise provided or (b) the
Principal.
	 
	 	 	Notwithstanding the generality of the previous paragraph, an Attorney maintains his powers
in certain urgent cases during one year after the death of, or the commencement of legal
guardianship over the Principal or a notice of termination by the Attorney.
	 
	 	 	Powers of attorney, which are expressed to be irrevocable, are not capable of being
revoked and (unless the power of attorney provides otherwise) will not terminate upon the
death of or the commencement of legal guardianship of the Principal insofar as they extend
to the performance of legal acts (rechtshandelingen) which are in the interest of the
Attorney or a third party. However, at the request of the Principal, an heir or a trustee
of such person, the court may amend or cancel an irrevocable power of attorney for
significant reasons.
	 
	 	 	In the event the Principal is granted a moratorium of payments (surséance van betaling), a
power of attorney can only be exercised with the cooperation of the court-appointed
administrator (bewindvoerder).
	 
	 	 	Any appointment of a process agent is subject to the rules set forth in the qualifications
set forth above.

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	(ix)	 	Agreements may be amended orally by the parties thereto, notwithstanding provisions therein
to the contrary.

	(x)	 	In case of concurrent proceedings in more than one jurisdiction the courts in the Netherlands
have the power to stay proceedings if the concurrent proceedings were brought elsewhere prior
to the starting of proceedings in the Netherlands.

	 	 	Service of process before a Dutch court must be performed in accordance with Dutch law of
civil procedure.

	(xi)	 	Insofar as the laws of the Netherlands are concerned the courts of the Netherlands have the
discretion to decrease the amount of contractually agreed damages, indemnities or penalties
which they regard as manifestly excessive.

	(xii)	 	Whether or not provisions in the respective Documents which may be invalid or void may be
severed from the other provisions thereof in order to save those other provisions (partiële
nietigheid) would be determined by the Dutch courts at their discretion.

	(xiii)	 	In connection with payments by or to a resident of the Netherlands to or from a non-resident
of the Netherlands, the Dutch Central Bank (De Nederlandsche Bank N.V., the “DNB”) may require
any Netherlands resident company to comply with certain notification and registration
requirements in accordance with the Reporting Instructions Balance of Payments Reports 2003
(Rapportagevoorschriften Betalingsbalansrapportages 2003) issued by DNB pursuant to the
External Financial Relations Act 1994 (Wet Financiële Betrekkingen Buitenland 1994). A failure
to perform any of these formalities will not adversely affect the validity, effectiveness,
enforceability or admissibility in evidence of the Documents or any payment made or to be made
thereunder. Any Netherlands resident company will have to notify DNB if it falls within the
scope of the External Financial Relations Act 1994. Such notification to DNB may result in a
request from DNB to the Company to comply with the notification and registration requirements
in the first sentence.

	(xiv)	 	To the extent that any assets owned by the Company have a public utility function (bestemd
voor de openbare dienst), seizure of these assets is prohibited by virtue of articles 436 and
703 of the Dutch Code of Civil Procedure (Wetboek van Burgerlijke Rechtsvordering). In
addition, no attachment may be

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Form of Opinion of Baker & McKenzie Amsterdam N.V.

 

 

	 	 	made on books or records required for the Company’s business by virtue of article 448 of
the Dutch Code of Civil Procedure.

In issuing this opinion we do not assume any obligation to notify or to inform you of any
developments subsequent to its date that might render its contents untrue or inaccurate in whole or
in part at such time.

This opinion letter:

	(a)	 	expresses and describes Netherlands legal concepts in English and not in their original Dutch
terms. These concepts may not be identical to the concepts described by the English
translations; consequently this opinion is issued and may only be relied upon on the express
condition that any issues of interpretation or liability issues arising under this opinion
letter will be governed by the laws of the Netherlands and be brought before a Dutch court;

	(b)	 	speaks as of the date stated above;

	(c)	 	is strictly limited to the matters set forth herein and no opinion may be inferred or implied
beyond that expressly stated herein; and

	(d)	 	is given for the sole benefit of the addressees of this legal opinion which are initial
parties to the Credit Agreement or become lenders pursuant to primary syndication in this
particular matter and the context specified herein. It may not, without our prior written
consent, be transmitted or otherwise disclosed to or relied upon by third parties, nor may it
be referred to in other matters or any other context or be quoted or made public in any way,
except that this legal opinion may be (i) referred to as a condition to the consummation of
the transactions contemplated by the Credit Agreement, (ii) disclosed for information purposes
to, but not relied on by, potential assignees, transferees or sub-participants of a loan under
the Credit Agreement, (iii) disclosed for information purposes to, but not relied on by, your
officers, personnel, directors, auditors, affiliates and advisers, and (iv) disclosed for
information purposes, but not relied on, if required by law, regulation or the rules of any
stock exchange or in any legal proceedings in connection with the Credit Agreement.

The foregoing opinions are limited in all respects to and are to be construed and interpreted in
accordance with the laws of the Netherlands as they stand at today’s date

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Form of Opinion of Baker & McKenzie Amsterdam N.V.

 

 

and as they are presently interpreted under published authoritative case law as at present in
effect.

This opinion is given on behalf of Baker & McKenzie Amsterdam N.V. and not by or on behalf of Baker
& McKenzie International (a Swiss Verein) or any other member thereof. In this opinion the
expressions “we”, “us”, “our” and like expressions should be construed accordingly.

Yours sincerely,

	 	 	 

	Fedor L. Tanke

	 	Marc L. van Campen

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Form of Opinion of Baker & McKenzie Amsterdam N.V.

 

 

Schedule 1

H-3-15

Form of Opinion of Baker & McKenzie Amsterdam N.V.

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