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                                                                    EXHIBIT 10.1

                              EMPLOYMENT AGREEMENT

                  This AGREEMENT (the "Agreement") by and between Carrizo Oil &
Gas, Inc., a Texas corporation (the "Company") and Gregory E. Evans (the
"Executive"), to be effective as of the 21st day of March, 2005, (the "Agreement
Effective Date").

                  In entering into this Agreement, the Board of Directors of the
Company (the "Board") desires to provide the Executive with substantial
incentives to serve the Company as one of its senior executives performing at
the highest level of leadership and stewardship, without distraction or concern
over minimum compensation, benefits or tenure, to manage the Company's future
growth and development, and maximize the returns to the Company's stockholders.

                  NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:

         1. Employment Period. As of the Agreement Effective Date (hereinafter
defined), the Company hereby agrees to employ the Executive and the Executive
hereby agrees to accept employment with the Company, in accordance with, and
subject to, the terms and provisions of this Agreement, for the period (the
"Employment Period") commencing on the Agreement Effective Date and ending on
the first anniversary of the Agreement Effective Date; provided, on the
Agreement Effective Date and on each day thereafter, the Employment Period shall
automatically be extended for an additional one day without any further action
by either the Company or the Executive, it being the intention of the parties
that there shall be continuously a remaining term of not less than one year's
duration of the Employment Period until an event has occurred as described in,
or one of the parties shall have made an appropriate election and notification
pursuant to, the provisions of Section 3.

         2. Terms of Employment.

                  (a) Position and Duties. It is contemplated that initially the
Executive shall be a full time employee and that upon commencement of his
entitlement to Base Salary under Section 2(b)(i) of this Agreement, during the
Employment Period, and excluding any periods of vacation and sick leave to which
the Executive is entitled, the Executive agrees to devote full attention and
time during normal business hours to the business and affairs of the Company
and, to the extent necessary to discharge the responsibilities assigned to the
Executive hereunder, to use the Executive's reasonable best efforts to perform
faithfully and efficiently such responsibilities. During the Employment Period,
it shall not be a violation of this Agreement for the Executive to (A) serve on
corporate, civic or charitable boards or committees, (B) deliver lectures,
fulfill speaking engagements or teach at educational institutions and (C) manage
personal investments, so long as such activities do not interfere with the
performance of the Executive's responsibilities as an employee of the Company in
accordance with this Agreement.

                  (b) Compensation.

                           (i) Base Salary. Commencing on the date on which the
                  Executive commences full time employment with the Company and
                  thereafter during his Employment Period, the Executive shall
                  receive an annual base salary of $175,000 ("Annual Base
                  Salary"), which shall be paid on a semimonthly basis.

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                  During the Employment Period, the Annual Base Salary shall be
                  reviewed at least annually and shall be increased at any time
                  and from time to time as shall be substantially consistent
                  with increases in base salary generally awarded in the
                  ordinary course of business to executives of the Company and
                  its affiliated companies. Any increase in Annual Base Salary
                  shall not serve to limit or reduce any other obligation to the
                  Executive under this Agreement. As used in this Agreement, the
                  term "affiliated companies" shall include, when used with
                  reference to the Company, any company controlled by,
                  controlling or under common control with the Company.

                           (ii) Annual Bonus. In addition to Annual Base Salary,
                  the Executive may be awarded, for each fiscal year or portion
                  thereof during the Employment Period, an Annual Bonus (the
                  "Annual Bonus"), in an amount comparable to the Annual Bonus
                  Award to other Company executives, taking into account the
                  Executive's position, responsibilities, and accomplishments
                  with the Company, prorated for any period consisting of less
                  than 12 full months.

                           (iii) Incentive, Savings and Retirement Plans. During
                  the Employment Period, the Executive shall be entitled to
                  participate in all incentive, savings and retirement plans
                  that are tax-qualified under Section 401(a) of the Internal
                  Revenue Code of 1986, as amended ("Code"), and all plans that
                  are supplemental to any such tax-qualified plans, in each case
                  to the extent that such plans are applicable generally to
                  other salaried employees of the Company and its affiliated
                  companies.

                           (iv) Welfare Benefit Plans. During the Employment
                  Period, the Executive and/or the Executive's family, as the
                  case may be, shall be eligible for participation in and shall
                  receive all benefits under welfare benefit plans, practices,
                  policies and programs provided by the Company or its
                  affiliated companies (including, without limitation, medical,
                  prescription, dental, vision, disability, salary continuance,
                  group life and supplemental group life, accidental death and
                  travel accident insurance plans and programs) to the extent
                  applicable generally to other salaried employees of the
                  Company and its affiliated companies.

                           (v) Expenses. During the Employment Period, the
                  Executive shall be entitled to receive prompt reimbursement
                  for all reasonable expenses incurred by the Executive in
                  accordance with the policies, practices and procedures of the
                  Company and its affiliated companies.

                           (vi) Vacation. During the Employment Period, the
                  Executive shall be entitled to paid vacation in accordance
                  with the plans, policies, programs and practices of the
                  Company and its affiliated companies.

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         3. Termination of Employment.

                  (a) Death or Disability. The Executive's employment shall
terminate automatically upon the Executive's death during the Employment Period.
If the Company determines in good faith that the Disability of the Executive has
occurred during the Employment Period (pursuant to the definition of Disability
set forth below), it may give to the Executive written notice in accordance with
Section 13(d) of this Agreement of its intention to terminate the Executive's
employment. In such event, the Executive's employment with the Company shall
terminate effective on the 30th day after receipt of such notice by the
Executive (the "Disability Effective Date"), provided that, within the 30 days
after such receipt, the Executive shall not have returned to full-time
performance of the Executive's duties. For the purposes of this Agreement,
"Disability" shall mean the absence of the Executive from the Executive's duties
with the Company on a full-time basis for either (i) 180 consecutive business
days or (ii) in any two-year period 270 nonconsecutive business days as a result
of incapacity due to mental or physical illness which is determined to be total
and permanent by a physician selected by the Company or its insurers and
acceptable to the Executive or the Executive's legal representative (such
agreement as to acceptability not to be withheld unreasonably.)

                  (b) Cause. The Company may terminate the Executive's
employment during the Employment Period for Cause. For purposes of this
Agreement, "Cause" shall mean for the Company's termination of the Executive's
employment for any of the following: (i) the Executive's final conviction of a
felony crime that enriched the Executive at the expense of the Company;
provided, however, that after indictment, the Company may suspend the Executive
from the rendition of services, but without limiting or modifying in any other
way the Company's obligations under this Agreement; (ii) a breach by the
Executive of a fiduciary duty owed to the Company; (iii) a breach by the
Executive of any of the covenants made by him in Sections 8 and 10 hereof; (iv)
the willful and gross neglect by the Executive of the duties specifically and
expressly required by this Agreement; or (v) the Executive's continuing failure
to substantially perform his duties and responsibilities hereunder (except by
reason of the Executive's incapacity due to physical or mental illness or
injury) for a period of 45 days after the Required Board Majority, as defined
herein, has delivered to the Executive a written demand for substantial
performance hereunder which specifically identifies the bases for the Required
Board Majority's determination that the Executive has not substantially
performed his duties and responsibilities hereunder (that period being the
"Grace Period"); provided, that for purposes of this clause (v), the Company
shall not have Cause to terminate the Executive's employment unless (A) at a
meeting of the Board called and held following the Grace Period in the city in
which the Company's principal executive offices are located, of which the
Executive was given not less than 10 days' prior written notice and at which the
Executive was afforded the opportunity to be represented by counsel, appear and
be heard, the Required Board Majority shall adopt a written resolution which (1)
sets forth the Required Board Majority's determination that the failure of the
Executive to substantially perform his duties and responsibilities hereunder has
(except by reason of his incapacity due to physical or mental illness or
injury)continued past the Grace Period and (2) specifically identifies the bases
for that determination, and (B) the Company, at the written direction of the
Required Board Majority, shall deliver to the Executive a Notice of Termination
for Cause to which a copy of that resolution, certified as being true and
correct by the secretary or any assistant secretary of the Company, is attached.
"Required Board Majority" means at any time a majority of the members of the
Board at that time which includes at least a majority of the

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Directors, each of whom has not been an employee of the Company or any
subsidiary of the Company.

                  (c) Good Reason; Window Period. The Executive's employment may
be terminated during the Employment Period by the Executive for Good Reason, or
during a Window Period by the Executive without any reason. For purposes of this
Agreement. "Window Period" shall mean the 60-day period immediately following
elapse of one year after any Change of Control as defined in Section 9 of this
Agreement. For purposes of this Agreement, "Good Reason" shall mean:

                           (i) the assignment to the Executive of any duties
                  materially inconsistent in any respect with the Executive's
                  position (including status, offices, titles and reporting
                  requirements), authority, duties or responsibilities as
                  contemplated by Section 2 of this Agreement, or any other
                  action by the Company which results in a diminution in such
                  position, authority, duties or responsibilities, excluding for
                  this purpose an isolated, insubstantial and inadvertent action
                  not taken in bad faith and which is remedied by the Company
                  promptly after receipt of notice thereof given by the
                  Executive;

                           (ii) any material failure by the Company to comply
                  with any of the provisions of this Agreement, other than an
                  isolated, insubstantial and inadvertent failure not occurring
                  in bad faith and which is remedied by the Company promptly
                  after receipt of notice thereof given by the Executive;

                           (iii) any purported termination by the Company of the
                  Executive's employment otherwise than as expressly permitted
                  by this Agreement;

                           (iv) any failure by the Company to comply with and
                  satisfy the requirements of Section 11 of this Agreement,
                  provided that (A) the successor described in Section 11(c) has
                  received, at least 10 days prior to the Date of Termination
                  (as defined in subparagraph (e) below), written notice from
                  the Company or the Executive of the requirements of such
                  provision and (B) such failure to be in compliance and satisfy
                  the requirements of Section 11 shall continue as of the Date
                  of Termination.

                  (d) Notice of Termination. Any termination by the Company for
Cause, or by the Executive for Good Reason or without any reason during a Window
Period, shall be communicated by Notice of Termination to the other party hereto
given in accordance with Section 13(d) of this Agreement. The failure by the
Executive or the Company to set forth in the Notice of Termination any fact or
circumstance which contributes to a showing of Good Reason or Cause shall not
waive any right of the Executive or the Company hereunder or preclude the
Executive or the Company from asserting such fact or circumstance in enforcing
the Executive's or the Company's rights hereunder.

                  (e) Date of Termination. For purposes of this Agreement, the
term "Date of Termination" means (i) if the Executive's employment is terminated
by the Company for Cause, or by the Executive during a Window Period or for Good
Reason, the date of receipt of the

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Notice of Termination or any later date specified therein, as the case may be,
(ii) if the Executive's employment is terminated by the Company other than for
Cause or Disability, the Date of Termination shall be the date on which the
Company notifies the Executive of such termination and (iii) if the Executive's
employment is terminated by reason of death or Disability, the Date of
Termination shall be the date of death of the Executive or the Disability
Effective Date, as the case may be.

         4. Obligations of the Company upon Termination.

                  (a) Disability, Good Reason or During a Window Period; Other
than for Cause or Death (except during a Window Period). If, during the
Employment Period, (x) the Company shall terminate the Executive's employment
other than for Cause, including a termination by reason of Disability (but not
by reason of death), or (y) the Executive shall terminate employment for Good
Reason or (z) his employment shall be terminated during a Window Period by the
Company for Cause, by the Executive without any reason, or by reason of death:

                           (i) the Company shall pay or provide to or in respect
                  of the Executive the following amounts and benefits:

                                   A. in a lump sum in cash, within 10 days
                           after the Date of Termination, an amount equal to the
                           sum of (1) the Executive's Annual Base Salary through
                           the Date of Termination, (2) any deferred
                           compensation previously awarded to or earned by the
                           Executive (together with any accrued interest or
                           earnings thereon) and (3) any compensation for unused
                           vacation time for which the Executive is eligible in
                           accordance with the plans, policies, programs and
                           practices of the Company and its affiliated
                           companies, in each case to the extent not theretofore
                           paid (the sum of the amounts described in clauses
                           (1), (2) and (3) shall be hereinafter referred to as
                           (the "Accrued Obligation");

                                   B. in a lump sum cash, discounted at 6%,
                           within 10 days after the Date of Termination, an
                           amount equal to 100% of Annual Base Salary that would
                           have been paid annually to the Executive pursuant to
                           this Agreement for the period (the "Remaining
                           Employment Period") beginning on the Date of
                           Termination and ending on the latest possible date of
                           termination of the Employment Period in accordance
                           with the provisions of Section 1 hereof (the "Final
                           Expiration Date") if the Executive's employment had
                           not been terminated; (if the termination occurs after
                           the date a Change of Control occurs the "Remaining
                           Employment Period" will be a minimum of 18 months);

                                   C. effective as of the Date of Termination,
                           (1) immediate vesting and exercisability of, and
                           termination of any restrictions on sale or transfer
                           (other than any such restriction arising by operation
                           of law) with respect to, each and every stock option,
                           restricted stock award, restricted stock unit award
                           and other equity-based award and performance award

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                           (each, a "Compensatory Award") that is outstanding as
                           of a time immediately prior to the Date of
                           Termination and (2) the extension of the term during
                           which each and every Compensatory Award may be
                           exercised by the Executive until the earlier of (x)
                           the first anniversary of the Date of Termination or
                           (y) the date upon which the right to exercise any
                           Compensatory Award would have expired if the
                           Executive had continued to be employed by the Company
                           under the terms of this Agreement until the Final
                           Expiration Date.

                                   D. as soon as practicable following the
                           calendar year of the date of termination, an amount
                           equal to the product of (x) the Annual Bonus that
                           would have been paid to the Executive with respect to
                           the year of termination had the Date of Termination
                           not occurred and (y) a fraction, the numerator of
                           which is the number of days in the fiscal year
                           through the Date of Termination and the denominator
                           of which is 365;

Anything in this Agreement to the contrary notwithstanding, if a Change of
Control occurs and if the Executive's employment with the Company is terminated
prior to the date on which the Change of Control occurs, and if it is reasonably
demonstrated by the Executive that such termination of employment (x) was at the
request of a third party who has taken steps reasonably calculated to effect the
Change of Control or (y) otherwise arose in connection with or anticipation of
the Change of Control, then for all purposes of this Agreement, the "date a
Change of Control occurs" shall mean the date immediately prior to the date of
such termination of employment.

                           (ii) for the Remaining Employment Period, or such
                  longer period as any plan, program, practice or policy may
                  provide, the Company shall continue benefits to the Executive
                  and/or the Executive's family at least equal to those which
                  would have been provided to them in accordance with the plans,
                  programs, practices and policies described in Section 2(b)(iv)
                  of this Agreement if the Executive's employment had not been
                  terminated in accordance with the plans, practices, programs
                  or policies of the Company and its affiliated companies(such
                  continuation of such benefits for the applicable period herein
                  set forth shall be hereinafter referred to as "Welfare Benefit
                  Continuation"), but with the Company's medical benefits
                  coverages being secondary to any coverages provided by another
                  employer. For purposes of determining eligibility of the
                  Executive for retiree benefits pursuant to such plans,
                  practices, programs and policies, the Executive shall be
                  considered to have remained employed until the Final
                  Expiration Date and to have retired on such date.

                  (b) Death (except during a Window Period). If the Executive's
employment is terminated by reason of the Executive's death during the
Employment Period and other than during a Window Period in which event the
provisions of Section 4(a) shall govern, this Agreement shall terminate without
further obligations to the Executive's legal representatives under this
Agreement, other than (i) the payment of Accrued Obligations (which shall be
paid to the Executive's estate or beneficiary, as applicable, in a lump sum in
cash within 30 days of the Date of Termination), (ii) the payment of an amount
equal to the Annual Salary that would have

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been paid to the Executive pursuant to this Agreement during the Remaining
Employment Period if the Executive's employment had not terminated by reason of
death (which shall be paid to the Executive's estate or beneficiary, as
applicable, in a lump sum in cash within 30 days of the Date of Termination)
reduced by the amount payable in respect of the Executive's death under any life
insurance policy (other than accidental death and dismemberment or travel
accident policies) but only to the extent such amounts are attributable to
premiums paid by the Company, (iii) during the period beginning on the Date of
Termination and ending on the first anniversary thereof medical benefits
coverage determined as if the Executive's employment had not terminated by
reason of death, (iv) as soon as practicable following the fiscal year in which
death occurs, payment of an amount equal to the product of (x) the Annual Bonus
that would have been paid to the Executive with respect to the year of
termination had the Date of Termination not occurred and (y) a fraction, the
numerator of which is the number of days in the fiscal year through the Date of
Termination and the denominator of which is 365 and (v) effective as of the Date
of Termination, (A) immediate vesting and exercisability of, and termination of
any restrictions on sale or transfer (other than any such restriction arising by
operation of law) with respect to, each and every Compensatory Award outstanding
as of a time immediately prior to the Date of Termination, (B) the extension of
the term during which each and every Compensatory Award may be exercised or
purchased by the Executive until the earlier of (1) the first anniversary of the
Date of Termination or (2) the date upon which the right to exercise or purchase
any Compensatory Award would have expired if the Executive had continued to be
employed by the Company under the terms of this Agreement until the Final
Expiration Date.

                  (c) Cause, Other than for Disability, Good Reason or During a
Window Period. If the Executive's employment shall be terminated for Cause
during the Employment Period and other than during a Window Period, in which
event the provisions of Section 4(a) shall govern, this Agreement shall
terminate without further obligations to the Executive other than for Accrued
Obligations. If the Executive terminates employment during the Employment
Period, excluding a termination for any Disability, Good Reason or without any
reason during a Window Period, in which event the provisions of Section 4(a)
shall govern, this Agreement shall terminate without further obligations to the
Executive, other than for the payment of Accrued Obligations. In such case, all
Accrued Obligations shall be paid to the Executive in a lump sum in cash within
30 days of the Date of Termination.

         5. Non-exclusivity of Rights. Except as provided in Section 4 of this
Agreement, nothing in this Agreement shall prevent or limit the Executive's
continuing or future participation in any plan, program, policy or practice
provided by the Company or any of its affiliated companies and for which the
Executive may qualify, nor shall anything herein limit or otherwise affect such
rights as the Executive may have under any contract or agreement with the
Company or any of its affiliated companies. Amount which are vested benefits or
which the Executive is otherwise entitled to receive under any plan, policy,
practice or program of or any contract or agreement with the Company or any of
its affiliated companies at or subsequent to the Date of Termination shall be
payable in accordance with such plan, policy, practice or program or contract or
agreement except as such plan, policy, practice or program is superseded by this
Agreement.

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         6. Full Settlement; Resolution of Disputes.

                  (a) The Company's obligation to make payments provided for in
this Agreement and otherwise to perform its obligations hereunder shall not be
affected by any setoff, counterclaim, recoupment, defense, mitigation or other
claim, right or action which the Company may have against the Executive or
others. The Company agrees to pay promptly as incurred, to the full extent
permitted by law, all legal fees and expenses which the Executive may reasonably
incur as a result of any contest (regardless of the outcome thereof) by the
Company, the Executive or others of the validity or enforceability of, or
liability under, any provision of this Agreement or any guarantee of performance
thereof (including as a result of any contest by the Executive about the amount
of any such payment pursuant to this Agreement), plus in each case interest on
any delayed payment at the annual percentage rate which is three percentage
points above the interest rate shown as the Prime Rate in the Money Rates column
in the then most recently published edition of The Wall Street Journal
(Southwest Edition), or, if such rate is not then so published on at least a
weekly basis, the interest rate announced by JPMorgan Chase Bank (or its
successor), from time to time, as its Base Rate (or prime lending rate), from
the date those amounts were required to have been paid or reimbursed to the
Executive until those amounts are finally and fully paid or reimbursed;
provided, however, that in no event shall the amount of interest contracted for,
charged or received hereunder exceed the maximum non-usurious amount of interest
allowed by applicable law; provided, further, that if the Executive is not the
prevailing party in any such contest, then he shall, upon the conclusion
thereof, repay to the Company any amounts that were previously advanced pursuant
of this sentence by the Company as payment of legal fees and expenses.

                  (b) If there shall be any dispute between the Company and the
Executive concerning (i) in the event of any termination of the Executive's
employment by the Company, whether such termination was for Cause or Disability,
or (ii) in the event of any termination of employment by the Executive, whether
Good Reason existed or whether such termination occurred during a Window Period,
then, unless and until there is a final, nonappealable judgment by a court of
competent jurisdiction declaring that such termination was for Cause or
Disability or that the determination by the Executive of the existence of Good
Reason was note made in good faith or that the termination by the Executive did
not occur during a Window Period, the Company shall pay all amounts, and provide
all benefits, to the Executive and/or the Executive's family or other
beneficiaries, as the case may be, that the Company would be required to pay or
provide pursuant to Section 4(a) hereof as though such termination were by the
Company without Cause or by the Executive with Good Reason or during a Window
Period; provided, however, that the Company shall not be required to pay any
disputed amounts pursuant to this paragraph except upon receipt of an
undertaking by or on behalf of the Executive to repay all such amounts to which
the Executive is ultimately adjudged by such court not to be entitled.

         7. Certain Additional Payments by the Company.

                  (a) Anything in this Agreement to the contrary notwithstanding
and except as set forth below, in the event it shall be determined that any
payment or distribution in the nature of compensation (within the meaning of
Section 280G(b)(2) of the Code) to or for the benefit of the Executive, whether
paid or payable or distributed or distributable pursuant to the terms of this
Agreement or otherwise, but determined without regard to any additional payments
required

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under this Section 7 (a "Payment"), would be subject to the excise tax imposed
by Section 4999 of the Code, together with any interest or penalties imposed
with respect to such excise tax ("Excise Tax"), then the Executive shall be
entitled to receive an additional payment (a "Gross Up Payment") in an amount
such that, after payment (whether through withholding at the source or
otherwise) by the Executive of all taxes (including any interest or penalties
imposed with respect to such taxes), including, without limitation, any income
taxes (and any interest and penalties imposed with respect thereto), employment
taxes and Excise Tax imposed upon the Gross Up Payment, the Executive retains an
amount of the Gross Up Payment equal to the Excise Tax imposed upon the
Payments.

                  (b) Subject to the provisions of this Section 7, all
determinations required to be made under this Section 7, including whether and
when a Gross Up Payment is required and the amount of such Gross Up Payment and
the assumptions to be utilized in arriving at such determination, shall be made
by Pannell Kerr Forster of Texas, P.C. (or such other nationally recognized
certified public accounting firm that is providing audit services for the
Company immediately prior to the date of a Change of Control in replacement of
Pannell Kerr Forster of Texas, P.C.) (the "Accounting Firm") which shall provide
detailed supporting calculations both to the Company and the Executive within 15
business days of the receipt of notice from the Executive that there has been a
Payment, or such earlier time as is requested by the Company. In the event that
the Accounting Firm is serving as accountant or auditor for the individual,
entity or group effecting the Change of Control or the Accounting Firm declines
or is unable to serve, the Executive shall appoint another nationally recognized
certified public accounting firm to make the determinations required hereunder
(which accounting firm shall then be referred to as the Accounting Firm
hereunder). All fees and expenses of the Accounting Firm shall be borne solely
by the Company. Any Gross Up Payment, as determined pursuant to this Section 7,
shall be paid by the Company to the Executive within five days of the receipt of
the Accounting Firm's determination. If the Accounting Firm determines that no
Excise Tax is payable by the Executive, it shall furnish the Executive with a
written opinion that failure to report the Excise Tax on the Executive's
applicable federal income tax return would not result in the imposition of
negligence or similar penalty. Any determination by the Accounting Firm shall be
binding upon the Company and the Executive. As a result of the uncertainty in
the application of Section 4999 of the Code at the time of the initial
determination by the Accounting Firm hereunder, it is possible that Gross Up
Payments which will not have been made by the Company should have been made
("Underpayment"), consistent with the calculations required to be made
hereunder. In the event that the Company exhausts its remedies pursuant to the
following provisions of this Section 7 and the Executive thereafter is required
to make a payment of any Excise Tax, the Accounting Firm shall determine the
amount of the Underpayment that has occurred and any such Underpayment shall be
promptly paid by the Company to or for the benefit of the Executive.

                  (c) The Executive shall notify the Company in writing of any
claim by the Internal Revenue Service that, if successful, would require the
payment by the Company of the Gross Up Payment. Such notification shall be given
as soon as practicable but no later than 10 business days after the Executive is
informed in writing of such claim and shall apprise the Company of the nature of
such claim and the date on which such claim is requested to be paid. The
Executive shall not pay such claim prior to the expiration of the 30 day period
following the date on which it gives such notice to the Company (or such shorter
period ending on the date that

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any payment of taxes with respect to such claim is due). If the Company notifies
the Executive in writing prior to the expiration of such period that it desires
to contest such claim, the Executive shall:

                           (i) give the Company any information reasonably
                  requested by the Company relating to such claim;

                           (ii) take such action in connection with contesting
                  such claim as the Company shall reasonably request in writing
                  from time to time, including, without limitation, accepting
                  legal representation with respect to such claim by an attorney
                  reasonably selected by the Company;

                           (iii) cooperate with the Company in good faith in
                  order to effectively contest such claim; and

                           (iv) permit the Company to participate in any
                  proceedings relating to such claim;

provided, however, that the Company shall bear and pay directly all costs and
expenses (including additional interest and penalties) incurred in connection
with such contest and shall indemnify and hold the Executive harmless, on an
after tax basis, for any Excise Tax, employment tax or income tax (including
interest and penalties with respect thereto) imposed as a result of such
representation and payment of costs and expenses. Without limitation of the
foregoing provisions of this Section 7, the Company shall control all
proceedings taken in connection with such contest and, at its sole option, may
pursue or forgo any and all administrative appeals, proceedings, hearings and
conferences with the taxing authority in respect of such claim and may, at its
sole option, either direct the Executive to pay the tax claimed and sue for a
refund or contest the claim in any permissible manner, and the Executive agrees
to prosecute such contest to a determination before any administrative tribunal,
in a court of initial jurisdiction and in one or more appellate courts, as the
Company shall determine; provided, however, that if the Company directs the
Executive to pay such claim and sue for a refund, the Company shall provide the
amount of such payment to the Executive as an additional payment ("Supplemental
Payment") (subject to possible repayment as provided in the next paragraph) and
shall indemnify and hold the Executive harmless, on an after tax basis, from any
Excise Tax, employment tax or income tax (including interest or penalties with
respect thereto) imposed with respect to such payment or with respect to any
imputed income with respect thereto; and further provided that any extension of
the statute of limitations relating to payment of taxes for the taxable year of
the Executive with respect to which such contested amount is claimed to be due
is limited solely to such contested amount. Furthermore, the Company's control
of the contest shall be limited to issues with respect to which a Gross Up
Payment or Supplemental Payment would be payable hereunder and the Executive
shall be entitled to settle or contest, as the case may be, any other issue
raised by the Internal Revenue Service or any other taxing authority.

                  (d) If, after the receipt by the Executive of an amount
provided by the Company pursuant to the foregoing provisions of this Section 7,
the Executive becomes entitled to receive any refund with respect to such claim,
the Executive shall (subject to the Company

                                       10
<PAGE>
complying with the requirements of this Section 7) promptly pay to the Company
the amount of such refund (together with any interest paid or credited thereon
after taxes applicable thereto).

         8. Confidential Information. The Executive shall hold in a fiduciary
capacity for the benefit of the Company all secret or confidential information,
knowledge or data relating to the Company or any of its affiliated companies,
and their respective businesses, which shall have been obtained by the Executive
during the Executive's employment by the Company or any of its affiliated
companies and which shall not be or become public knowledge (other than by acts
by the Executive or representatives of the Executive in violation of this
Agreement) (referred to herein as "Confidential Information"). After termination
of the Executive's employment with the Company, the Executive shall not, without
the prior written consent of the Company or as may otherwise be required by law
or legal process, communicate or divulge any such information, knowledge or data
to anyone other than the Company and those designated by it. In no event shall
an asserted violation of the provisions of this Section 8 constitute a basis for
deferring or withholding any amounts otherwise payable to the Executive under
this Agreement. Also, within 14 days of the termination of the Executive's
employment for any reason, the Executive shall return to Company all documents
and other tangible items of or containing Company information which are in the
Executive's possession, custody or control.

         9. Change of Control.

                  As used in this Agreement, the terms set forth below shall
have the following respective meanings:

                  "Affiliate" shall have the meaning ascribed to such term in
Rule 12b-2 of the General Rules and Regulations under the Exchange Act, as in
effect on the date of this Agreement.

                  "Associate" shall mean, with reference to any Person, (a) any
corporation, firm, partnership, association, unincorporated organization or
other entity (other than the Company or a subsidiary of the Company) of which
such Person is an officer or general partner (or officer or general partner of a
general partner) or is, directly or indirectly, the Beneficial Owner of 10% or
more of any class of equity securities, (b) any trust or other estate in which
such Person has a substantial beneficial interest or as to which such Person
serves as trustee or in a similar fiduciary capacity and (c) any relative or
spouse of such Person, or any relative of such spouse, who has the same home as
such Person.

                  "Beneficial Owner" shall mean, with reference to any
securities, any Person if:

                  (a) such Person or any of such Person's Affiliates and
Associates, directly or indirectly, is the "beneficial owner" of (as determined
pursuant to Rule 13d-3 of the General Rules and Regulations under the Exchange
Act, as in effect on the date of this Agreement) such securities or otherwise
has the right to vote or dispose of such securities, including pursuant to any
agreement, arrangement or understanding (whether or not in writing); provided,
however, that a Person shall not be deemed the "Beneficial Owner" of, or to
"beneficially own," any security under this subsection (a) as a result of an
agreement, arrangement or understanding to vote such security if such agreement,
arrangement or understanding: (i) arises solely from a

                                       11
<PAGE>
revocable proxy or consent given in response to a public (i.e., not including a
solicitation exempted by Rule 14a-2(b)(2) of the General Rules and Regulations
under the Exchange Act) proxy or consent solicitation made pursuant to, and in
accordance with, the applicable provisions of the General Rules and Regulations
under the Exchange Act and (ii) is not then reportable by such Person on
Schedule 13D under the Exchange Act (or any comparable or successor report);

                  (b) such Person or any of such Person's Affiliates and
Associates, directly or indirectly, has the right or obligation to acquire such
securities (whether such right or obligation is exercisable or effective
immediately or only after the passage of time or the occurrence of an event)
pursuant to any agreement, arrangement or understanding (whether or not in
writing) or upon the exercise of conversion rights, exchange rights, other
rights, warrants or options, or otherwise; provided, however, that a Person
shall not be deemed the Beneficial Owner of, or to "beneficially own," (i)
securities tendered pursuant to a tender or exchange offer made by such Person
or any of such Person's Affiliates or Associates until such tendered securities
are accepted for purchase or exchange or (ii) securities issuable upon exercise
of Exempt Rights; or

                  (c) such Person or any such Person's Affiliates or Associates
(i) has any agreement, arrangement or understanding (whether or not in writing)
with any other Person (or any Affiliate or Associate thereof) that beneficially
owns such securities for the purpose of acquiring, holding, voting (except as
set forth in the proviso to subsection (a) of this definition) or disposing of
such securities or (ii) is a member of a group (as that term is used in Rule
13d-5(b) of the General Rules and Regulations under the Exchange Act) that
includes any other Person that beneficially owns such securities;

provided, however, that nothing in this definition shall cause a Person engaged
in business as an underwriter of securities to be the Beneficial Owner of, or to
"beneficially own," any securities acquired through such Person's participation
in good faith in a firm commitment underwriting until the expiration of 40 days
after the date of such acquisition. For purposes hereof, "voting" a security
shall include voting, granting a proxy, consenting or making a request or demand
relating to corporate action (including, without limitation, a demand for
stockholder list, to call a stockholder meeting or to inspect corporate books
and records) or otherwise giving an authorization (within the meaning of Section
14(a) of the Exchange Act) in respect of such security.

         The terms "beneficially own" and "beneficially owning" shall have
meanings that are correlative to this definition of the term "Beneficial Owner".

         "Change of Control" shall mean any of the following:

                  (a) any Person (other than an Exempt Person) shall become the
Beneficial Owner of 40% or more of the shares of Common Stock then outstanding
or 40% or more of the combined voting power of the Voting Stock of the Company
then outstanding; provided, however, that no Change of Control shall be deemed
to occur for purposes of this subsection (a) if such Person shall become a
Beneficial Owner of 40% or more of the shares of Common Stock or 40% or more of
the combined voting power of the Voting Stock of the Company solely as a result
of (i) an Exempt Transaction or (ii) an acquisition by a Person pursuant to a
reorganization, merger or consolidation, if, following such reorganization,
merger or

                                       12
<PAGE>
consolidation, the conditions described in clauses (i), (ii) and (iii) of
subsection (c) of this definition are satisfied; or

                  (b) individuals who, as of the Agreement Effective Date,
constitute the Board (the "Incumbent Board") cease for any reason to constitute
at least a majority of the Board; provided, however, that any individual
becoming a director subsequent to the Agreement Effective Date whose election,
or nomination for election by the Company's shareholders, was approved by a vote
of at least a majority of the directors then comprising the Incumbent Board
shall be considered as though such individual were a member of the Incumbent
Board; provided, further, that there shall be excluded, for this purpose, any
such individual whose initial assumption of office occurs as a result of any
actual or threatened election contest that is subject to the provisions of Rule
14a-11 under the Exchange Act; or

                  (c) the Company engages in and completes a reorganization,
merger or consolidation, in each case, unless, following such reorganization,
merger or consolidation, (i) more than 85% of the then outstanding shares of
common stock of the corporation resulting from such reorganization, merger or
consolidation and the combined voting power of the then outstanding Voting Stock
of such corporation beneficially owned, directly or indirectly, by all or
substantially all of the Persons who were the Beneficial Owners of the
outstanding Common Stock immediately prior to such reorganization, merger, or
consolidation is in substantially the same proportions as their ownership,
immediately prior to such reorganization, merger or consolidation, of the
outstanding Common Stock, (ii) no Person (excluding any Exempt Person or any
Person beneficially owning, immediately prior to such reorganization, merger or
consolidation, directly or indirectly, 40% or more of the Common Stock then
outstanding or 40% or more of the combined voting power of the Voting Stock of
the Company then outstanding) beneficially owns, directly or indirectly, 40% or
more of the then outstanding shares of common stock of the corporation resulting
from such reorganization, merger or consolidation or the combined voting power
of the then outstanding Voting Stock of such corporation and (iii) at least a
majority of the members of the board of directors of the corporation resulting
from such reorganization, merger or consolidation were members of the Incumbent
Board at the time of the execution of the initial agreement or initial action by
the Board providing for such reorganization, merger or consolidation; or

                  (d) the Company engages in and completes (i) a complete
liquidation or dissolution of the Company unless such liquidation or dissolution
is approved a part of a plan of liquidation and dissolution involving a sale or
disposition of all or substantially all of the assets of the Company to a
corporation with respect to which, following such sale or other disposition, all
of the requirements of clauses (ii) (A), (B) and (C) of this subsection (d) are
satisfied, or (ii) the sale or other disposition of all or substantially all of
the assets of the Company, other than to a corporation, with respect to which,
following such sale or other disposition, (A) more than 85% of the then
outstanding shares of common stock or such corporation and the combined voting
power of the Voting Stock of such corporation is then beneficially owned,
directly or indirectly, by all or substantially all of the Persons who were the
Beneficial Owners of the outstanding Common Stock immediately prior to such sale
or other disposition in substantially the same proportion as their ownership,
immediately prior to such sale or other disposition, of the outstanding Common
Stock, (B) no Person (excluding any Exempt Person and any Person beneficially
owning, immediately prior to such sale or other disposition, directly or
indirectly,

                                       13
<PAGE>
40% or more of the Common Stock then outstanding or 40% or more of the combined
voting power of the Voting Stock of the Company then outstanding) beneficially
owns, directly or indirectly, 40% or more of the then outstanding shares of
common stock of such corporation and the combined voting power of the then
outstanding Voting Stock of such corporation and (C) at least a majority of the
members of the board of directors of such corporation were members of the
Incumbent Board at the time of the execution of the initial agreement or initial
action of the Board providing for such sale or other disposition of assets of
the Company.

                  "Exchange Act" shall mean the Securities Exchange Act of 1934,
as amended.

                  "Exempt Person" shall mean the Company, any subsidiary of the
Company, any employee benefit plan of the Company or any subsidiary of the
Company, and any Person organized, appointed or established by the Company for
or pursuant to the terms of any such plan.

                  "Exempt Rights" shall mean any rights to purchase shares of
Common Stock or other Voting Stock of the Company if at the time of the issuance
thereof such rights are not separable from such Common Stock or other Voting
Stock (i.e., are not transferable otherwise than in connection with a transfer
of the underlying Common Stock or other Voting Stock) except upon the occurrence
of a contingency, whether such rights exist as of the Agreement Effective Date
or are thereafter issued by the Company as a dividend on shares of Common Stock
or other Voting Securities or otherwise.

                  "Exempt Transaction" shall mean an increase in the percentage
of the outstanding shares of Common Stock or the percentage of the combined
voting power of the outstanding Voting Stock of the Company beneficially owned
by any Person solely as a result of a reduction in the number of shares of
Common Stock then outstanding due to the repurchase of Common Stock or Voting
Stock by the Company, unless and until such time as (a) such Person or any
Affiliate or Associate of such Person shall purchase or otherwise become the
Beneficial Owner of additional shares of Common Stock constituting 1% or more of
the then outstanding shares of Common Stock or additional Voting Stock
representing 1% or more of the combined voting power of the then outstanding
Voting Stock, or (b) any other Person (or Persons) who is (or collectively are)
the Beneficial Owner of shares of Common Stock constituting 1% or more of the
then outstanding shares of Common Stock or Voting Stock representing 1% or more
of the combined voting power of the then outstanding Voting Stock shall become
an Affiliate or Associate of such Person.

                  "Person" shall mean any individual, firm, corporation,
partnership, association, trust, unincorporated organization or other entity.

                  "Voting Stock" shall mean, with respect to a corporation, all
securities of such corporation of any class or series that are entitled to vote
generally in the election of directors of such corporation (excluding any class
or series that would be entitled so to vote by reason of the occurrence of any
contingency, so long as such contingency has not occurred).

                                       14
<PAGE>
         10. Non-Compete and Non-Solicitation.

                  (a) The Executive recognizes that in each of the highly
competitive businesses in which the Company is engaged, personal contact is of
primary importance in securing new customers and in retaining the accounts and
goodwill of present customers and protecting the business of the Company. The
Executive, therefore, agrees that during the Employment Period and, if the Date
of Termination occurs by reason of the Executive terminating his employment for
reasons other than Disability or Good Reason and other than during a Window
Period, for a period of two years after the Date of Termination, he will not,
with respect to any immediate geologic trends in which the Company or any of its
affiliated companies is active as of the Date of Termination, without regard to
whether the Executive has worked at such location (the "Relevant Geographic
Area"), (i) accept employment or render service to any person that is engaged in
a business directly competitive with the business then engaged in by the Company
or any of its affiliated companies, (ii) enter into or take part in or lend his
name, counsel or assistance to any business, either as proprietor, principal,
investor, partner, director, officer, executive, consultant, advisor, agent,
independent contractor, or in any other capacity whatsoever, for any purpose
that would be competitive with the business of the Company or any of its
affiliated companies or (iii) directly or indirectly, either as principal,
agent, independent contractor, consultant, director, officer, employee,
employer, advisor, stockholder, partner or in any other individual or
representative capacity whatsoever, either for his own benefit or for the
benefit of any other person or entity either (A) hire, contract or solicit, or
attempt any of the foregoing, with respect to hiring any employee of the Company
or its affiliated companies, or (B) induce or otherwise counsel, advise or
encourage any employee of the Company or its affiliated companies to leave the
employment of the Company or its affiliated companies (all of the foregoing
activities described in (i), (ii) and (iii) are collectively referred to as the
"Prohibited Activity").

                  (b) In addition to all other remedies at law or in equity
which the Company may have for breach of a provision of this Section 10 by the
Executive, it is agreed that in the event of any breach or attempted or
threatened breach of any such provision, the Company shall be entitled, upon
application to any court of proper jurisdiction, to a temporary restraining
order or preliminary injunction (without the necessity of (i) proving
irreparable harm, (ii) establishing that monetary damages are inadequate or
(iii) posting any bond with respect thereto) against the Executive prohibiting
such breach or attempted or threatened breach by proving only the existence of
such breach or attempted or threatened breach. If the provisions of this Section
10 should ever be deemed to exceed the time, geographic or occupational
limitations permitted by the applicable law, the Executive and the Company agree
that such provisions shall be and are hereby reformed to the maximum time,
geographic or occupational limitations permitted by the applicable law. The
Executive specifically recognizes and affirms that the aforementioned covenants
are material and important terms of this Agreement and the Executive further
agrees that in the event he engages in Prohibited Activity or in the event that
all or any part or application of this Section 10 be held or found invalid or
unenforceable for any reason whatsoever by a court of competent jurisdiction in
an action between the Executive and the Company, the Company shall be entitled
to rescind any stock option exercise during the period commencing six months
preceding the date of the Executive's termination of employment and ending three
months following such termination or, if the Executive has exercised all of his
stock options, receive from the Executive all common stock acquired thorough the
exercise of such

                                       15
<PAGE>
options and held by the Executive. If the Executive has sold, transferred, or
otherwise disposed of common stock obtained pursuant to the exercise of options
granted by the Company, the Company shall be entitled to receive from the
Executive the difference between the option price paid by the Executive and the
fair market value of the common stock on the date of sale, transfer, or other
disposition.

                  (c) The covenants of the Executive set forth in this Section
10 are independent of and severable from every other provision of this
Agreement; and the breach of any other provision of this Agreement by the
Company or the breach by the Company of any other agreement between the Company
and the Executive shall not affect the validity of the provisions of this
Section 10 or constitute a defense of the Executive in any suit or action
brought by the Company to enforce any of the provisions of this Section 10 or
seek any relief for the breach thereof by the Executive.

                  (d) The Executive acknowledges, agrees and stipulates that:
(i) the terms and provisions of this Agreement are reasonable and constitute an
otherwise enforceable agreement to which the terms and provisions of this
Section 10 are ancillary or a part of as contemplated by TEX. BUS. & COM. CODE
ANN. Sections 15.50-15.52; (ii) the consideration provided by the Company under
this Agreement is not illusory; and (iii) the consideration given by the Company
under this Agreement, including, without limitation, the provision by the
Company of Confidential Information to the Executive as contemplated by Section
8, gives rise to the Company's interest in restraining and prohibiting the
Executive from engaging in the Prohibited Activity within the Relevant
Geographic Area as provided under this Section 10, and the Executive's covenant
not to engage in the Prohibited Activity within the Relevant Geographic Area
pursuant to this Section 10 is designed to enforce the Executive's consideration
(or return promises), including, without limitation, the Executive's promise to
not disclose Confidential Information under this Agreement.

         11. Successors.

                  (a) This Agreement is personal to the Executive and without
the prior written consent of the Company shall not be assignable by the
Executive otherwise than by will or the laws of descent and distribution. This
Agreement shall inure to the benefit of and be enforceable by the Executive's
heirs, executors and other legal representatives.

                  (b) This Agreement shall inure to the benefit of and be
binding upon he Company and may only be assigned to a successor described in
Section 11(c).

                  (c) The Company will require any successor (whether direct or
indirect, y purchase, merger, consolidation or otherwise) to all or
substantially all of the business and/or assets of the Company to assume
expressly and agree to perform this Agreement in the same manner and to the same
extent that the Company would be required to perform it if no such succession
had taken place. As used in this Agreement, "Company" shall mean the Company as
hereinbefore defined and any successor to its business and/or assets as
aforesaid which assumes and agrees to perform this Agreement by operation of
law, or otherwise.

                                       16
<PAGE>
                  12. Section 409A. If any provision provided herein results in
the imposition of an excise tax under the provisions of Section 409A of the
Internal Revenue Code and related regulations and Treasury pronouncements
("Section 409A"), the Executive and the Company agree that any such provision
will be reformed to avoid imposition of any such excise tax in the manner that
the Executive and the Company determine are appropriate to comply with Section
409A.

         13. Miscellaneous.

                  (a) This Agreement shall be governed by and construed in
accordance with the laws of the State of Texas, without reference to principles
of conflict of laws that would require the application of the laws of any other
state or jurisdiction.

                  (b) The captions of this Agreement are not part of the
provisions hereof and shall have no force or effect.

                  (c) This Agreement may not be amended or modified otherwise
than by a written agreement executed by the parties hereto or their respective
successors and heirs, executors and other legal representatives.

                  (d) All notices and other communications hereunder shall be in
writing and shall be given, if by the Executive to the Company, by telecopy or
facsimile transmission at the telecommunications number set forth below and, if
by either the Company or the Executive, either by hand delivery to the other
party or by registered or certified mail, return receipt requested, postage
prepaid, addressed as follows:

                  If to the Executive:

                  Name: Gregory E. Evans
                  Carrizo Oil & Gas, Inc.
                  1000 Louisiana Street , Suite 1500
                  Houston, Texas 77002

                  If to the Company:

                  Carrizo Oil & Gas, Inc.
                  1000 Louisiana Street , Suite 1500
                  Houston, Texas 77002
                  Fax Number: (713) 328-1060
                  Telephone Number: (713) 328-1000
                  Attention: Corporate Secretary

or to such other address as either party shall have furnished to the other in
writing in accordance herewith. Notice and communications shall be effective
when actually received by the addressee.

                                       17
<PAGE>

                  (e) The invalidity or unenforceability of any provision of
this Agreement shall not affect the validity or enforceability of any other
provision of this Agreement.

                  (f) The Company may withhold from any amounts payable under
this Agreement such federal, state or local taxes as shall be required to be
withheld pursuant to any applicable law or regulation.

                  (g) The Executive's or the Company's failure to insist upon
strict compliance with any provision hereof or any other provision of this
Agreement or the failure to assert any right the Executive or the Company may
have hereunder, including, without limitation, the right of the Executive to
terminate employment for Good Reason or during a Window Period pursuant to
Section 3(c) of this Agreement, shall not be deemed to be a waiver of such
provision or right or any other provision or right of this Agreement.

                  (h) This Agreement contains the complete and total
understanding of the parties concerning the subject matter hereof and expressly
supersedes any previous agreement between the parties relating to the subject
matter hereof.

                   [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

                                       18
<PAGE>
         IN WITNESS WHEREOF, the Executive has hereunto set his hand and,
pursuant to the authorization from its Board of Directors, the Company has
caused these presents to be executed in its name on its behalf, all to be
effective as of the Agreement Effective Date.

                                  CARRIZO OIL & GAS, INC.

                                  By: /s/ Paul F. Boling
                                      ------------------------------------------
                                  Name:   Paul F. Boling
                                  Title:  Chief Financial Officer, Secretary and
                                          Treasurer

                                  EXECUTIVE

                                  /s/ Gregory E. Evans
                                  ----------------------------------------------
                                  Gregory E. Evans

                                       19exv10w19

 

EXHIBIT 10.19

EXECUTION COPY

U.S. $3,000,000,000

364-DAY REVOLVING CREDIT AGREEMENT

Dated as of March 18, 2005

Among

ORACLE CORPORATION

as the Borrower,

THE LENDERS NAMED HEREIN

as the Initial Lenders

and

 

WACHOVIA BANK, NATIONAL ASSOCIATION

as Administrative Agent

and

CREDIT SUISSE FIRST BOSTON

and

ABN AMRO BANK N.V.

as Syndication Agents

and

BANK OF AMERICA, N.A.

and

DEUTSCHE BANK SECURITIES, INC.

as Documentation Agents

WACHOVIA CAPITAL MARKETS, LLC

and

CREDIT SUISSE FIRST BOSTON

as Joint Lead Arrangers and Joint Bookrunners

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	ARTICLE I DEFINITIONS AND ACCOUNTING TERMS

	 
	 	 	 	 	 	 
	Section 1.01.

	 	Certain Defined Terms
	 	 	1	 
	Section 1.02.

	 	Computation of Time Periods
	 	 	15	 
	Section 1.03.

	 	Accounting Terms; Terms Generally
	 	 	15	 
	 
	 	 	 	 	 	 
	ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES

	 
	 	 	 	 	 	 
	Section 2.01.

	 	The Advances
	 	 	15	 
	Section 2.02.

	 	Making the Advances
	 	 	16	 
	Section 2.03.

	 	Fees
	 	 	17	 
	Section 2.04.

	 	Termination or Reduction of the Commitments
	 	 	18	 
	Section 2.05.

	 	Repayment of Advances
	 	 	18	 
	Section 2.06.

	 	Interest
	 	 	18	 
	Section 2.07.

	 	Interest Rate Determination
	 	 	19	 
	Section 2.08.

	 	Optional Conversion of Advances
	 	 	20	 
	Section 2.09.

	 	Optional Prepayments of Advances
	 	 	21	 
	Section 2.10.

	 	Increased Costs
	 	 	21	 
	Section 2.11.

	 	Illegality
	 	 	22	 
	Section 2.12.

	 	Payments and Computations
	 	 	22	 
	Section 2.13.

	 	Taxes
	 	 	23	 
	Section 2.14.

	 	Mitigation Obligations; Replacement of Lenders.
	 	 	25	 
	Section 2.15.

	 	Sharing of Payments, Etc.
	 	 	26	 
	Section 2.16.

	 	Compensation for Breakage Costs.
	 	 	26	 
	Section 2.17.

	 	Use of Proceeds
	 	 	27	 
	Section 2.18.

	 	Evidence of Debt
	 	 	27	 
	 
	 	 	 	 	 	 
	ARTICLE III CONDITIONS TO LENDING

	 
	 	 	 	 	 	 
	Section 3.01.

	 	Conditions Precedent to Effective Date
	 	 	28	 
	Section 3.02.

	 	Conditions Precedent to Each Borrowing
	 	 	29	 
	Section 3.03.

	 	Determinations Under Section 3.01
	 	 	29	 
	 
	 	 	 	 	 	 
	ARTICLE IV REPRESENTATIONS AND WARRANTIES

	 
	 	 	 	 	 	 
	Section 4.01.

	 	Representations and Warranties of the Borrower
	 	 	30	 
	 
	 	 	 	 	 	 
	ARTICLE V COVENANTS OF THE BORROWER

	 
	 	 	 	 	 	 
	Section 5.01.

	 	Affirmative Covenants
	 	 	32	 
	Section 5.02.

	 	Negative Covenants
	 	 	35	 

i

 

	 	 	 	 	 	 	 
	ARTICLE VI EVENTS OF DEFAULT

	 
	 	 	 	 	 	 
	Section 6.01.

	 	Events of Default
	 	 	38	 
	 
	 	 	 	 	 	 
	ARTICLE VII THE AGENT

	 
	 	 	 	 	 	 
	Section 7.01.

	 	Appointment and Authority
	 	 	40	 
	Section 7.02.

	 	Rights as a Lender
	 	 	41	 
	Section 7.03.

	 	Exculpatory Provisions.
	 	 	41	 
	Section 7.04.

	 	Reliance by Agent
	 	 	42	 
	Section 7.05.

	 	Delegation of Duties
	 	 	42	 
	Section 7.06.

	 	Resignation of Agent
	 	 	42	 
	Section 7.07.

	 	Non-Reliance on Agent and Other Lenders
	 	 	43	 
	Section 7.08.

	 	No Other Duties, etc.
	 	 	43	 
	 
	 	 	 	 	 	 
	ARTICLE VIII MISCELLANEOUS

	 
	 	 	 	 	 	 
	Section 8.01.

	 	Amendments, Etc.
	 	 	43	 
	Section 8.02.

	 	Notices; Effectiveness; Electronic Consent.
	 	 	44	 
	Section 8.03.

	 	No Waiver; Remedies
	 	 	45	 
	Section 8.04.

	 	Expenses; Indemnity; Damage Waiver
	 	 	46	 
	Section 8.05.

	 	Right of Set-off
	 	 	47	 
	Section 8.06.

	 	Binding Effect
	 	 	48	 
	Section 8.07.

	 	Assignments and Participations
	 	 	48	 
	Section 8.08.

	 	Governing Law
	 	 	51	 
	Section 8.09.

	 	Counterparts; Integration; Electronic Execution
	 	 	52	 
	Section 8.10.

	 	Jurisdiction, Etc.
	 	 	52	 
	Section 8.11.

	 	Waiver of Jury Trial
	 	 	53	 
	Section 8.12.

	 	Confidentiality.
	 	 	53	 
	Section 8.13.

	 	Patriot Act Notice
	 	 	54	 

ii

 

	 	 	 
	Schedules
	 	 
	 
	 	 
	Schedule I

	 	— List of Applicable Lending Offices
	 
	 	 
	Schedule 2.01

	 	— Commitments
	 
	 	 
	Schedule 5.02(a)

	 	— Existing Liens
	 
	 	 
	Exhibits
	 	 
	 
	 	 
	Exhibit A

	 	— Form of Promissory Note
	 
	 	 
	Exhibit B

	 	— Form of Notice of Borrowing
	 
	 	 
	Exhibit C

	 	— Form of Assignment and Acceptance
	 
	 	 
	Exhibit D-1

	 	— Form of Opinion of In-House Counsel for the Borrower
	 
	 	 
	Exhibit D-2

	 	— Form of Opinion of Davis Polk & Wardwell, Counsel for the Borrower

iii

 

364-DAY REVOLVING CREDIT AGREEMENT

Dated as of March 18, 2005

     Oracle Corporation, a Delaware corporation (the “Borrower”), and the banks, financial
institutions, other institutional lenders (the “Initial Lenders”) listed on the signature
pages hereof, Wachovia Bank, National Association (“Wachovia”) as Administrative Agent (in such
capacity, the “Agent”), Credit Suisse First Boston, a bank organized under the laws of
Switzerland acting through its New York branch (“CSFB”) and ABN AMRO Bank N.V., as
Syndication Agents (in such capacity, the “Syndication Agents”) and Bank of America, N.A.
and Deutsche Bank Securities, Inc., as documentation agents (in such capacity, the “Documentation
Agents”) and Wachovia Capital Markets LLC and CSFB, as Joint Lead Arrangers and Joint Bookrunners,
agree as follows:

ARTICLE I

DEFINITIONS AND ACCOUNTING TERMS

     Section 1.01.
Certain Defined Terms. As used in this Agreement, the following terms
shall have the following meanings (such meanings to be equally applicable to both the singular and
plural forms of the terms defined):

     “Additional Permitted Liens” means Liens on the assets of the Borrower or any of its
Subsidiaries, not otherwise permitted hereunder, consisting solely of real property interests, cash
and cash equivalents and any proceeds thereof; provided that the aggregate value of all
assets subject to such Liens shall not exceed $500,000,000 at any time, based upon the book value
of such assets determined at the time such Lien attaches.

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

     “Advance” means an advance by a Lender to the Borrower as part of a Borrowing and
refers to a Base Rate Advance or a Eurodollar Rate Advance (each of which shall be a “Type”
of Advance).

     “Affiliate” means, with respect to a specified 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.

     “Agent” has the meaning specified in the introductory paragraph of this Agreement.

     “Agent’s Account” means an account at Wachovia designated in writing to the Borrower.

 

 

          “Agreement” means this Agreement.

          “Applicable Facility Fee”, “Applicable Margin” and “Applicable Utilization
Fee” means a rate per annum, determined by reference to the Public Debt Rating in effect from
time to time as set forth in the grid below:

	 	 	 	 	 	 	 
	Public Debt Rating	 	 	 	Applicable	 	Applicable
	S&P
or Fitch/Moody’s	 	Applicable Margin	 	Facility Fee	 	Utilization Fee
	 	 	 	 	 	 	 
	Level I

> A or A2
	 	0.19%
	 	0.06%
	 	0.10%
	 	 	 	 	 	 	 
	Level II

A– or A3
	 	0.28%
	 	0.07%
	 	0.10%
	 	 	 	 	 	 	 
	Level III

BBB+ or Baa1
	 	0.41%
	 	0.09%
	 	0.125%
	 	 	 	 	 	 	 
	Level IV

BBB or Baa2
	 	0.50%
	 	0.125%
	 	0.125%
	 	 	 	 	 	 	 
	Level V

< BBB– or Baa3
	 	0.70%
	 	0.175%
	 	0.125%

          For purposes of the foregoing, (i) if both of Moody’s and S&P shall have in effect a
rating for the Public Debt Rating, then the Level shall be determined by reference to such Public
Debt Ratings and the Public Debt Rating of Fitch shall be disregarded, (ii) if only one of Moody’s
and S&P shall have in effect a rating for the Public Debt Rating, then the Level shall be
determined by reference to such Public Debt Rating and the Public Debt Rating of Fitch, (iii) if
fewer than two of Moody’s, S&P and Fitch shall have in effect a Public Debt Rating, then each
rating agency that does not have in effect a Public Debt Rating shall be deemed to have established
a rating in Level V; and (iv) if the ratings established or deemed to have been established by
Moody’s and S&P (or, subject to the foregoing clauses of this paragraph, Fitch) for the Public Debt
Rating shall fall within different Levels, the applicable Level shall be based on the higher of the
two ratings unless one of the two ratings is two or more Levels lower than the other, in which case
the applicable Level shall be determined by reference to the Level next below that of the higher of
the two ratings.

          “Applicable Lending Office” means, with respect to each Lender, such Lender’s Domestic
Lending Office in the case of a Base Rate Advance and such Lender’s Eurodollar Lending Office in
the case of a Eurodollar Rate Advance.

          “Applicable Percentage” means with respect to any Lender, the percentage of the total
Commitments represented by such Lender’s Commitment. If the Commitments have terminated or
expired, the Applicable Percentages shall be determined based upon the Commitments most recently in
effect, giving effect to any assignments.

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          “Approved Fund” means (a) a CLO and (b) with respect to any Lender that is a Fund, any
other Fund that is managed by the same investment advisor as such Lender or by an Affiliate of such
investment advisor.

          “Assignment and Acceptance” means an assignment and acceptance entered into by a
Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section
8.07), and accepted by the Agent, in substantially the form of Exhibit C hereto or any other form
approved by the Agent.

          “Base Rate” means, at any time, the higher of (x) the Prime Rate or (y) the rate which
is 1/2 of 1% in excess of the Federal Funds Effective Rate.

          “Base Rate Advance” means an Advance that bears interest as provided in Section
2.06(a)(i).

          “Borrower” has the meaning specified in the introductory paragraph of this Agreement.

          “Borrowing” means a borrowing consisting of simultaneous Advances of the same Type
(or, in the case of Eurodollar Rate Advances, having the same Interest Period) made by each of the
Lenders pursuant to Section 2.01.

          “Business Day” means a day of the year on which banks are not required or authorized
by law to close in New York City or Charlotte, North Carolina; provided that, if the
applicable Business Day relates to any Eurodollar Rate Advances, “Business Day” means a day of the
year on which banks are not required or authorized by law to close in New York City and on which
dealings are carried on in the London interbank market.

          “Capitalization Ratio” means, as of the last day of any fiscal quarter of the
Borrower, the ratio, expressed as a percentage, of (i) Total Consolidated Net Debt of the Borrower
and its Subsidiaries on such date to (ii) Total Capitalization of the Borrower and its Subsidiaries
on such date.

          “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, guideline or
directive (whether or not having the force of law) by any Governmental Authority.

          “CLO” means any entity (whether a corporation, partnership, trust or otherwise) that
is engaged in making, purchasing, holding or otherwise investing in bank loans and similar
extensions of credit in the ordinary course of its business and is administered or managed by a
Lender or an Affiliate of such Lender.

          “Commitment” has the meaning specified in Section 2.01.

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          “Consolidated” refers to the consolidation of accounts in accordance with GAAP.

          “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.

          “Covenant Debt” of any Person means Debt of such Person and its Subsidiaries on such
date, as would be shown as debt or indebtedness of such Person on a balance sheet of such Person
prepared as of such date in accordance with GAAP, and all guarantees of Debt of other Persons as
would be shown as debt or indebtedness of such Person on a balance sheet of such other Persons
prepared as of such date in accordance with GAAP, determined on a Consolidated basis.

          “Convert”, “Conversion”, and “Converted” each refers to a conversion
of Advances of one Type into Advances of the other Type pursuant to Section 2.07, 2.08 or 2.11.

          “CSFB” has the meaning specified in the introductory paragraph of this Agreement.

          “Debt” of any Person means, without duplication, (a) all indebtedness of such Person
for borrowed money, (b) all obligations of such Person for the deferred purchase price of property
or services (other than trade payables incurred in the ordinary course of such Person’s business
for which collection proceedings have not been commenced, provided that trade payables for which
collection proceedings have commenced shall not be included in the term “Debt” so long as the
payment of such trade payables is being contested in good faith and by proper proceedings and for
which appropriate reserves are being maintained) to the extent included on the Consolidated
balance sheet of the Borrower and its Subsidiaries in accordance with GAAP, (c) all obligations of
such Person evidenced by notes, bonds, debentures or other similar instruments, (d) all obligations
of such Person created or arising under any conditional sale or other similar title retention
agreement with respect to property acquired by such Person (even though the rights and remedies of
the seller or lender under such agreement in the event of default are limited to repossession or
sale of such property) to the extent included on the Consolidated balance sheet of the Borrower and
its Subsidiaries in accordance with GAAP, (e) all obligations of such Person as lessee under leases
that have been or should be, in accordance with GAAP, recorded as capital leases, (f) all
obligations of such Person in respect of acceptances, letters of credit with respect to which to
such Person is the account party or similar extensions of credit to such Person, (g) the aggregate
net obligations of such Person in respect of Hedge Agreements; provided that, for purposes of this
clause (g), Debt of the Borrower and its Subsidiaries shall only include net obligations of the
Borrower and its Subsidiaries in respect of Hedge Agreements in an aggregate amount in excess of
$50,000,000 as set forth on the Consolidated balance sheet of the Borrower and its Subsidiaries, as
of the date of determination, in accordance with GAAP, (h) all Debt of others referred to in
clauses (a)

4

 

through (g) above or clause (i) below guaranteed, by such Person, or in effect guaranteed by
such Person, directly or indirectly, through a written agreement either (1) to pay or purchase such
Debt or to Advance or supply funds for the payment or purchase of such Debt or (2) to purchase,
sell or lease (as lessee or lessor) property, or to purchase or sell services, primarily for the
purpose of enabling the debtor to make payment of such Debt or to assure the holder of such Debt
against loss and (i) all Debt referred to in clauses (a) through (h) above secured by (or for which
the holder of such Debt has an existing right, contingent or otherwise, to be secured by) any Lien
on property (including, without limitation, accounts and contract rights) owned by such Person,
even though such Person has not assumed or become liable for the payment of such Debt. In
determining the amount of Debt of any Person of the type referred to in clause (g) or (i) above,
the amount thereof shall be equal to the lesser of (i) the amount of the guarantee provided or the
fair market value of collateral pledged (as applicable) and (ii) the amount of the underlying Debt
of such other Person so guaranteed or secured.

          “Default” means any Event of Default or any event that would constitute an Event of
Default but for the requirement that notice be given or time elapse or both.

          “Dollars” and the sign “$” means the lawful money of the United States of
America.

          “Domestic Lending Office” means, with respect to any Lender, the office of such Lender
specified as its “Domestic Lending Office” opposite its name on Schedule I hereto or in the
Assignment and Acceptance pursuant to which it became a Lender, or such other office of such Lender
as such Lender may from time to time specify to the Borrower and the Agent.

          “Effective Date” means the date that all conditions precedent set forth in Section
3.01 shall have been satisfied or waived.

          “Eligible Assignee” means (a) a Lender, (b) an Affiliate of a Lender, (c) an Approved
Fund, (d) a commercial bank organized under the laws of the United States, or any State thereof,
and having a combined capital and surplus of at least $250,000,000; (e) a savings and loan
association or savings bank organized under the laws of the United States, or any State thereof,
and having a combined capital and surplus of at least $250,000,000; (f) a commercial bank organized
under the laws of any other country that is a member of the OECD or has concluded special lending
arrangements with the International Monetary Fund associated with its General Arrangements to
Borrow or a political subdivision of any such country, and having a combined capital and surplus of
at least $250,000,000, so long as such bank is acting through a branch or agency located in the
United States; (g) a finance company, insurance company or other financial institution or fund
(whether a corporation, partnership, trust or other entity) that is engaged in making, purchasing
or otherwise holding commercial loans in the ordinary course of its business and having a combined
capital and surplus of at least $250,000,000 or an Approved Fund thereof and (h) any other Person
(other than a natural person) approved by (i) the Agent, and (ii) unless an Event of Default has
occurred and is continuing, the Borrower (each such approval not to be unreasonably withheld or
delayed

5

 

and such approval to be deemed to have been given if a response is not received within fifteen
Business Days from the date on which request for approval was received by the applicable Person);
provided that notwithstanding the foregoing, “Eligible Assignee” shall not include the
Borrower or any of the Borrower’s Affiliates or Subsidiaries.

          “Environmental Action” means any action, suit, demand, demand letter, claim, notice of
non-compliance or violation, notice of liability or potential liability, investigation, proceeding,
consent order or consent agreement relating in any way to any Environmental Law, Environmental
Permit or Hazardous Materials or arising from alleged injury or threat of injury to health, safety
or the environment, including, without limitation, (a) by any Governmental Authority for
enforcement, cleanup, removal, response, remedial or other actions or damages and (b) by any
Governmental Authority or any third party for damages, contribution, indemnification, cost
recovery, compensation or injunctive relief.

          “Environmental Law” means any federal, state, local or foreign statute, law,
ordinance, rule, regulation, code, order, judgment, decree or judicial or agency interpretation,
policy or guidance relating to pollution or protection of the environment, health, safety or
natural resources, including, without limitation, those relating to the use, handling,
transportation, treatment, storage, disposal, release or discharge of Hazardous Materials.

          “Environmental Permit” means any permit, approval, identification number, license or
other authorization required under any Environmental Law.

          “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from
time to time, and the regulations promulgated and rulings issued thereunder.

          “ERISA Affiliate” means any Person that for purposes of Title IV of ERISA is a member
of the Borrower’s controlled group, or under common control with the Borrower, within the meaning
of Section 414 of the Internal Revenue Code.

          “ERISA Event” means (a) the occurrence of a reportable event, within the meaning of
Section 4043 of ERISA, with respect to any Plan unless the 30-day notice requirement with respect
to such event has been waived by the PBGC; (b) the application for a minimum funding waiver with
respect to a Plan; (c) the provision by the administrator of any Plan of a notice of intent to
terminate such Plan pursuant to Section 4041(a)(2) of ERISA (including any such notice with respect
to a plan amendment referred to in Section 4041(e) of ERISA); (d) the cessation of operations at a
facility of the Borrower or any ERISA Affiliate in the circumstances described in Section 4062(e)
of ERISA; (e) the incurrence by the Borrower or any of its ERISA Affiliates of any liability with
respect to the withdrawal by the Borrower or any ERISA Affiliate from a Multiple Employer Plan
during a plan year for which it was a substantial employer, as defined in Section 4001(a)(2) of
ERISA; (f) the imposition of a lien under Section 302(f) of ERISA with respect to any Plan; (g) the
adoption of an amendment to a Plan requiring the provision of security to such Plan pursuant to
Section 307 of ERISA; or (h) the

6

 

institution by the PBGC of proceedings to terminate a Plan pursuant to Section 4042 of ERISA,
or the occurrence of any event or condition described in Section 4042 of ERISA that is reasonably
expected to result in the termination of, or the appointment of a trustee to administer, a Plan.

          “Eurocurrency Liabilities” has the meaning assigned to that term in Regulation D of
the Board of Governors of the Federal Reserve System, as in effect from time to time.

          “Eurodollar Lending Office” means, with respect to any Lender, the office of such
Lender specified as its “Eurodollar Lending Office” opposite its name on Schedule I hereto or in
the Assignment and Acceptance pursuant to which it became a Lender (or, if no such office is
specified, its Domestic Lending Office), or such other office of such Lender as such Lender may
from time to time specify to the Borrower and the Agent.

          “Eurocurrency Reserve Requirements” means, for each Interest Period for each
Eurodollar Rate Advance, the highest reserve percentage (expressed as a decimal) applicable to any
Lender during such Interest Period under regulations issued from time to time by the Board of
Governors of the Federal Reserve System or any successor for determining the maximum reserve
requirement (including, without limitation, any emergency, supplemental or other marginal reserve
requirement), with respect to liabilities or assets consisting of or including Eurocurrency
Liabilities having a term equal to such Interest Period. The Eurocurrency Reserve Requirements
will be adjusted automatically on and as of the effective date of any change in any applicable
reserve percentage.

          “Eurodollar Rate” means the rate per annum determined by the Agent at approximately
11:00 A.M. (London time) on the date which is two Business Days prior to the beginning of the
relevant Interest Period (as specified in the applicable Notice of Borrowing) by reference to the
British Bankers’ Association Interest Settlement Rates for deposits in Dollars (as set forth by any
service selected by the Agent which has been nominated by the British Bankers’ Association as an
authorized information vendor for the purpose of displaying such rates) for a period equal to such
Interest Period; provided that, to the extent that an interest rate is not ascertainable
pursuant to the foregoing provisions of this definition, the “Eurodollar Rate” shall be the
interest rate per annum determined by the Agent to be the average of the rates per annum at which
deposits in Dollars are offered for such relevant Interest Period to major banks in the London
interbank market in London, England by the Reference Lenders at approximately 11:00 A.M. (London
time) on the date which is two Business Days prior to the beginning of such Interest Period. If
any of the Reference Lenders shall be unable or shall otherwise fail to supply such rates to the
Agent upon its request, the rate of interest shall be determined on the basis of the quotations of
the remaining Reference Lender.

          “Eurodollar Rate Advance” means an Advance that bears interest as provided in Section
2.06(a)(ii).

7

 

          “Event of Default” has the meaning specified in Section 6.01.

          “Excluded Taxes” means, with respect to the Agent, any Lender, or any other recipient
of any payment to be made by or on account of any obligation of the Borrower hereunder, (a) taxes
imposed on or measured by its overall net income (however denominated), and franchise taxes imposed
on it (in lieu of net income taxes), by the jurisdiction (or any political subdivision thereof)
under the laws of which such recipient is organized or in which its principal office is located or,
in the case of any Lender, in which its Applicable Lending Office is located, (b) any branch
profits taxes imposed by the United States of America or any similar tax imposed by any other
jurisdiction in which the Borrower is located and (c) in the case of a Foreign Lender (other than
an assignee pursuant to a request by the Borrower under Section 2.14(b)), any withholding tax that
is imposed on amounts payable to such Foreign Lender at the time such Foreign Lender becomes a
party hereto (or designates a new lending office) or is attributable to such Foreign Lender’s
failure or inability (other than as a result of a Change in Law) to comply with Section 2.13(e),
except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time
of designation of a new lending office (or assignment), to receive additional amounts from the
Borrower with respect to such withholding tax pursuant to Section 2.13(a).

          “Federal Funds Effective Rate” means, for any period, a fluctuating interest rate
equal for each day during such period to the weighted average of the rates on overnight Federal
funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as
published for such day (or, if such day is not a Business Day, for the next preceding Business Day)
by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is
a Business Day, the average of the quotations for such day on such transactions received by the
Agent from three Federal funds brokers of recognized standing selected by the Agent.

          “Fitch” means Fitch Ratings Ltd.

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

          “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” has the meaning specified in Section 1.03.

          “Governmental Authority” means the government of the United States of America or any
other nation, or of 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

8

 

powers or functions of or pertaining to government (including any supra-national bodies such
as the European Union or the European Central Bank).

          “Granting Lender” has the meaning specified in Section 8.07(g).

          “Hazardous Materials” means (a) petroleum and petroleum products, byproducts or
breakdown products, radioactive materials, asbestos-containing materials, polychlorinated biphenyls
and radon gas and (b) any other chemicals, materials or substances designated, classified or
regulated as hazardous or toxic or as a pollutant or contaminant under any environmental law,
statute or regulation.

          “Hedge Agreements” means interest rate swap, cap or collar agreements, interest rate
future or option contracts, currency swap agreements, currency future or option contracts and other
similar interest rate or currency exchange rate hedging agreements.

          “Immaterial Subsidiary” means any Subsidiary of the Borrower (determined, solely for
purposes of this definition, without regard to the last sentence of the definition thereof),
designated by the Borrower in writing to the Agent (a) the assets of which do not exceed 1% of the
total Consolidated assets of the Borrower and its Subsidiaries, (b) the net income of which does
not exceed 1% of the total Consolidated net income of the Borrower and its Subsidiaries and (c) the
revenues of which do not exceed 1% of the total Consolidated revenues of the Borrower and its
Subsidiaries, in each case as determined as of, or (as applicable) for the four fiscal quarters
most recently ended on, the last day of the most recently ended fiscal quarter of the Borrower and
in accordance with GAAP.

          “Indemnified Taxes” means Taxes other than Excluded Taxes.

          “Indemnitee” has the meaning specified in Section 8.04(b).

          “Initial Lenders” has the meaning specified in the introductory paragraph of this
Agreement.

          “Intellectual Property” means all trademarks, service marks, trade names, Internet
domain names (as defined under 15 U.S.C. § 1127), designs, logos, slogans, and general intangibles
of like nature, together with all goodwill, registrations and applications related to the
foregoing; all inventions (whether patentable or unpatentable and whether or not reduced to
practice); patents and industrial designs (including any continuations, divisionals,
continuations-in-part, renewals, reissues, and applications for any of the foregoing); copyrights
(including any registrations and applications for any of the foregoing); Software; “mask works” (as
defined under 17 U.S.C. § 901) and any registrations and applications for “mask works”; technology,
trade secrets, know-how, processes, formulae, algorithms, models, methodologies, discoveries,
improvements, specifications and other proprietary or confidential information; database and data
rights; drawings, records, books or other indicia, however evidenced, of the foregoing; rights of
publicity and privacy relating to the use of the names, likenesses, voices, signatures and
biographical information of real persons; lists or other information relating to customers,

9

 

competitors, suppliers or any other Person; in each case the right to claims against another
Person relating to the Intellectual Property; and in each case owned by the Borrower or any of its
Subsidiaries on or after the Effective Date.

          “Interest Period” means, for each Eurodollar Rate Advance comprising part of the same
Borrowing, the period commencing on the date of such Eurodollar Rate Advance or the date of the
Conversion of any Base Rate Advance into such Eurodollar Rate Advance and ending on the last day of
the period selected by the Borrower pursuant to the provisions below and, thereafter, with respect
to Eurodollar Rate Advances, each subsequent period commencing on the last day of the immediately
preceding Interest Period and ending on the last day of the period selected by the Borrower
pursuant to the provisions below. The duration of each such Interest Period shall be one, two,
three or six months, as the Borrower may, upon notice received by the Agent not later than 11:00
A.M. (New York City time) on the third Business Day prior to the first day of such Interest Period,
select; provided, however, that:

          (a) the Borrower may not select any Interest Period that ends after the Termination Date;

          (b) Interest Periods commencing on the same date for Eurodollar Rate Advances comprising part
of the same Borrowing shall be of the same duration;

          (c) whenever the last day of any Interest Period would otherwise occur on a day other than a
Business Day, the last day of such Interest Period shall be extended to occur on the next
succeeding Business Day, provided, however that, if such extension would cause the
last day of such Interest Period to occur in the next following calendar month, the last day of
such Interest Period shall occur on the next preceding Business Day; and

          (d) whenever the first day of any Interest Period occurs on a day of an initial calendar month
for which there is no numerically corresponding day in the calendar month that succeeds such
initial calendar month by the number of months equal to the number of months in such Interest
Period, such Interest Period shall end on the last Business Day of such succeeding calendar month.

          “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended from time
to time, and the regulations promulgated and rulings issued thereunder.

          “Lenders” means the Initial Lenders and each Person that shall become a party hereto
pursuant to Section 8.07.

          “Lien” means any lien, security interest or other charge or encumbrance of any kind.

          “Material Adverse Effect” shall mean the result of one or more events, changes or
effects which, individually or in the aggregate, could reasonably be expected to have a material
adverse effect on (a) the business, assets, operations, condition

10

 

(financial or otherwise), material agreements, properties or contingent liabilities of the
Borrower and its Subsidiaries, taken as a whole or (b) the validity or enforceability of this
Agreement or the rights, remedies and benefits available to the parties hereunder.

          “Moody’s” means Moody’s Investors Service, Inc.

          “Multiemployer Plan” means a multiemployer plan, as defined in Section 4001(a)(3) of
ERISA, to which the Borrower or any ERISA Affiliate is making or accruing an obligation to make
contributions, or has within any of the preceding five plan years made or accrued an obligation to
make contributions.

          “Multiple Employer Plan” means a single employer plan, as defined in Section
4001(a)(15) of ERISA, that (a) is maintained for employees of the Borrower or any ERISA Affiliate
and at least one Person other than the Borrower and the ERISA Affiliates or (b) was so maintained
and in respect of which the Borrower or any ERISA Affiliate could have liability under Section 4064
or 4069 of ERISA in the event such plan has been or were to be terminated.

          “Note” means a promissory note of the Borrower payable to the order of any Lender,
delivered pursuant to a request made under Section 2.18 in substantially the form of Exhibit A
hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the
Advances made by such Lender.

          “Notice of Borrowing” has the meaning specified in Section 2.02(a).

          “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 from
the execution, delivery or enforcement of, or otherwise with respect to, this Agreement.

          “Participant” has the meaning specified Section 8.07(d).

          “Patriot Act” means the Uniting and Strengthening America by Providing Appropriate
Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. 107-56, signed into law
October 26, 2001.

          “PBGC” means the Pension Benefit Guaranty Corporation (or any successor).

          “Permitted Liens” means, with respect to any Person, (a) Liens for taxes, assessments
and governmental charges and levies to the extent not required to be paid under Section 5.01(b)
hereof; (b) pledges or deposits to secure obligations under workers’ compensation, unemployment,
insurance and other social security laws or similar legislation; (c) pledges or deposits to secure
performance in connection with bids, tenders, contracts (other than contracts for the payment of
money) or leases to which such Person is a party; (d) deposits to secure public or statutory
obligations of such Person; (e) materialmen’s, mechanics’, carriers’, workers’, repairmen’s and
other like Liens in the ordinary course of business, or deposits to obtain the release of such
Liens to the extent

11

 

such Liens, in the aggregate, would not have a Material Adverse Effect; (f) deposits to secure
surety and appeal bonds to which such Person is a party; (g) other pledges or deposits for similar
purposes in the ordinary course of business, including pledges and deposits to secure indemnity,
performance or other similar bonds and in connection with insurance maintained in accordance with
Section 5.01(c); (h) Liens created by or resulting from any litigation or legal proceeding which at
the time is currently being contested in good faith by appropriate proceedings; (i) leases made, or
existing on property acquired, in the ordinary course of business; (j) landlords’ Liens under
leases to which such Person is a party; (k) zoning restrictions, easements, licenses, and
restrictions on the use of real property or minor irregularities in title thereto, which, with
respect to property that is material to the Borrower and its Subsidiaries, taken as a whole, do not
materially impair the use of such property in the operation of the business of such Person or the
value of such property for the purpose of such business; (l) Liens consisting of leases or
subleases and licenses or sublicenses granted to others in the ordinary course of business not
interfering in any material respect with the business of the Borrower and its Subsidiaries, taken
as a whole, and any interest or title of a lessor or licensor under any lease or license, as
applicable; (m) Liens in favor of customs and revenue authorities arising as a matter of law to
secure payment of customs duties in connection with the importation of goods; and (n) Liens which
constitute a lender’s rights of set-off of a customary nature.

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

          “Plan” means a Single Employer Plan or a Multiple Employer Plan.

          “Prime Rate” means the rate of interest per annum announced or established from time
to time by Wachovia as its prime rate for dollars loaned in the United States in effect at its
principal office in Charlotte, North Carolina. The Prime Rate is a reference rate and does not
necessarily represent the lowest or best rate actually charged to any customer. Wachovia or any
other Lender may make commercial loans or other loans at rates of interest at, above or below the
Prime Rate.

          “Public Debt Rating” means, as of any date, the lowest rating that has been most
recently announced by any of S&P, Moody’s or Fitch, as the case may be, for any class of non-credit
enhanced long-term senior unsecured debt issued by the Borrower. For purposes of the foregoing,
(a) if any rating established by S&P, Moody’s or Fitch shall be changed, such change shall be
effective as of the date on which such change is first announced publicly by the rating agency
making such change; and (b) if S&P, Moody’s or Fitch shall change the basis on which ratings are
established, each reference to the Public Debt Rating announced by S&P, Moody’s or Fitch, as the
case may be, shall refer to the then equivalent rating by S&P, Moody’s or Fitch, as the case may
be.

          “Reference Lenders” means initially, Wachovia and CSFB or, if Wachovia and CSFB are
unable to furnish timely information in accordance with Section 2.07, any

12

 

other commercial bank of recognized national standing designated by the Agent as constituting
a “Reference Lender” hereunder.

          “Register” has the meaning specified in Section 8.07(c).

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

          “Required Lenders” means at any time Lenders owed at least a majority in interest of
the then aggregate unpaid principal amount of the Advances or, if no principal amount is then
outstanding, Lenders having at least a majority in interest of the Commitments.

          “Reserve Adjusted Eurodollar Rate” means, with respect to each day during each
Interest Period pertaining to a Eurodollar Rate Advance, a rate per annum determined for such day
in accordance with the following formula:

   Eurodollar Rate

1.00 — Eurocurrency Reserve Requirements

          “Revolving Credit Exposure” means, with respect to any Lender at any time, the sum of
the outstanding principal amount of such Lender’s Advances at such time.

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

          “Single Employer Plan” means a single employer plan, as defined in Section 4001(a)(15)
of ERISA, that (a) is maintained for employees of the Borrower or any ERISA Affiliate and no Person
other than the Borrower and the ERISA Affiliates or (b) was so maintained and in respect of which
the Borrower or any ERISA Affiliate could have liability under Section 4069 of ERISA in the event
such plan has been or were to be terminated.

          “SPC” has the meaning specified in Section 8.07(g).

          “Software” means any and all (a) computer programs, including any and all software
implementation of algorithms, models and methodologies, whether in source code or object code form,
(b) databases and compilations, including any and all data and collections of data, and (c) all
documentation, including user manuals and training materials, relating to any of the foregoing.

          “Subsidiary” of any Person means any corporation, partnership, joint venture, limited
liability company, trust or estate of which (or in which) more than 50% of (a) the issued and
outstanding capital stock having ordinary voting power to elect a majority of the Board of
Directors of such corporation (irrespective of whether at the time capital stock of any other class
or classes of such corporation shall or might have voting

13

 

power upon the occurrence of any contingency), (b) the interest in the capital or profits of
such limited liability company, partnership or joint venture or (c) the beneficial interest in such
trust or estate, is at the time directly or indirectly owned or Controlled by such Person, by such
Person and one or more of its other Subsidiaries or by one or more of such Person’s other
Subsidiaries. Notwithstanding the foregoing, references to “Subsidiary” in this Agreement shall
not include (i) Miracle Linux Kabushikigaisha (also known as Miracle Linux Corporation), a Japanese
Kabushikigaisha or (ii) any other Person that would otherwise be a Subsidiary of the Borrower
pursuant to the foregoing portion of this definition and that the Borrower does not directly or
indirectly Control; provided that, in the case of any such Person in clause (i) or (ii),
such Person is also an Immaterial Subsidiary.

          “Syndication Agents” has the meaning specified in the introductory paragraph of this
Agreement.

          “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.

          “Termination Date” means, subject to the provisions of Section 2.04, the earlier of
March 17, 2006 and the date of termination in whole of the Commitments pursuant to Section 2.04 or
6.01.

          “Total Capitalization” of any Person on any date, means the sum of (i) Total
Consolidated Net Debt of such Person on such date and (ii) shareholders’ equity of such Person on
such date, determined on a Consolidated basis.

          “Total Consolidated Net Debt” of any Person on any date, means (a) all Covenant Debt
of such Person minus (b) cash, cash equivalents and short term investments reflected on the
Consolidated balance sheet of the Borrower and its Subsidiaries for such date.

          “Total Consolidated Tangible Assets” means at any date total assets, other than
intangible assets, of the Borrower and its Subsidiaries determined on a Consolidated basis as of
such date.

          “Voting Stock” means capital stock issued by a corporation, or equivalent interests in
any other Person, the holders of which are ordinarily, in the absence of contingencies, entitled to
vote for the election of directors (or persons performing similar functions) of such Person, even
if the right so to vote has been suspended by the happening of such a contingency.

          “Wachovia” has the meaning specified in the introductory paragraph of this Agreement.

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          Section 1.02. Computation of Time Periods. In this Agreement in the computation of periods of time from a specified date to a later
specified date, the word “from” means “from and including” and the words “to” and “until” each mean
“to but excluding”.

          Section 1.03. Accounting Terms; Terms Generally. All terms of an accounting or
financial nature shall be construed in accordance with generally accepted accounting principles
(“GAAP”), as in effect in the United States from time to time, provided that, if
the Borrower notifies the Agent that the Borrower requests an amendment to any provision hereof to
eliminate the effect of any change, occurring after the date hereof, in GAAP or in the application
thereof (or if the Agent notifies the Borrower that the Required Lenders request an amendment of
any provision hereof for such purpose), regardless of whether such notice is given before or after
such change in GAAP or in the application thereof, then such provision shall be applied on the
basis of GAAP as in effect and applied immediately before such change shall have become effective
until such notice shall have been withdrawn or such provision amended in accordance herewith. 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 (a) any definition
of or reference to any agreement, instrument or other document herein 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), (b) any reference herein to any Person shall be construed to
include such Person’s successors and assigns, (c) the words “herein”, “hereof” and “hereunder”, and
words of similar import, shall be construed to refer to this Agreement in its entirety and not to
any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and
Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to,
this Agreement and (e) 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.

ARTICLE II

AMOUNTS AND TERMS OF THE ADVANCES

          Section 2.01. The Advances. Each Lender severally agrees, on the terms and conditions
hereinafter set forth, to make Advances to the Borrower hereunder from time to time on any Business
Day during the period from the Effective Date until the Termination Date in an aggregate amount
that will not result in such Lender’s Revolving Credit Exposure exceeding at any

15

 

time outstanding the amount set forth opposite such Lender’s name on Schedule 2.01 hereto or,
if such Lender has entered into any Assignment and Acceptance, set forth for such Lender in the
Register maintained by the Agent pursuant to Section 8.07(c), as such amount may be reduced
pursuant to Section 2.04 (such Lender’s “Commitment”). Each Borrowing shall be in an
aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and shall
consist of Advances of the same Type made on the same day by the Lenders ratably according to their
respective Commitments. Within the limits of this Section 2.0l, the Borrower may borrow under this
Section 2.01, prepay pursuant to Section 2.09 and reborrow under this Section 2.01.

          Section 2.02. Making the Advances. (a) Each Borrowing shall be made on notice, given
not later than 11:00 A.M. (New York City time) on the third Business Day prior to the date of the
proposed Borrowing in the case of a Borrowing consisting of Eurodollar Rate Advances, or the
Business Day of the proposed Borrowing in the case of a Borrowing consisting of Base Rate Advances,
by the Borrower to the Agent, which shall give to each Lender prompt notice thereof. Each such
notice of a Borrowing (a “Notice of Borrowing”) shall be by telephone, confirmed
immediately in writing or by telecopier in substantially the form of Exhibit B hereto, specifying
therein the requested (i) date of such Borrowing, (ii) Type of Advances comprising such Borrowing,
(iii) aggregate amount of such Borrowing, (iv) remittance instructions and (v) in the case of a
Borrowing consisting of Eurodollar Rate Advances, initial Interest Period for each such Advance.
Each Lender shall, before 1:00 P.M. (New York City time) on the date of such Borrowing, make
available for the account of its Applicable Lending Office to the Agent at the Agent’s Account, in
same day funds, such Lender’s ratable portion of such Borrowing. After the Agent’s receipt of such
funds and upon fulfillment of the applicable conditions set forth in Article III, the Agent will
make such funds available to the Borrower at the Agent’s address referred to in Section 8.02.

               (b) Anything in subsection (a) above to the contrary notwithstanding, (i) the Borrower may not
select Eurodollar Rate Advances for any Borrowing if the aggregate obligation of the Lenders to
make Eurodollar Rate Advances shall then be suspended pursuant to Section 2.07 or 2.11 and (ii)
Eurodollar Rate Advances may not be outstanding at any time as part of more than ten separate
Borrowings.

               (c) Each Notice of Borrowing shall be irrevocable and binding on the Borrower. In the case of
any Borrowing that the related Notice of Borrowing specifies is to be comprised of Eurodollar Rate
Advances, the Borrower shall indemnify each Lender against any loss, cost or expense incurred by
such Lender as a result of any failure to fulfill on or before the date specified in such Notice of
Borrowing for such Borrowing the applicable conditions set forth in Article III, including, without
limitation, any loss (excluding loss of anticipated profits), cost or expense incurred by reason of
the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the
Advance to be made by such Lender as part of such Borrowing when such Advance, as a result of such
failure, is not made on such date.

16

 

               (d) Unless the Agent shall have received notice from a Lender prior to the proposed time of
any Borrowing that such Lender will not make available to the Agent such Lender’s share of such
Borrowing, the Agent may assume that such Lender has made such share available on such date in
accordance with subsection (a) of this Section 2.02 and may, in reliance upon such assumption, make
available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made
its share of the applicable Borrowing available to the Agent, then the applicable Lender and the
Borrower severally agree to pay to the Agent forthwith on demand such corresponding amount with
interest thereon, for each day from and including the date such amount is made available to the
Borrower to but excluding the date of payment to the Agent, at (i) in the case of a payment to be
made by such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the
Agent in accordance with banking industry rules on interbank compensation and (ii) in the case of a
payment to be made by the Borrower, the interest rate applicable to Base Rate Advances. If the
Borrower and such Lender shall pay such interest to the Agent for the same or an overlapping
period, the Agent shall promptly remit to the Borrower the amount of such interest paid by the
Borrower for such period. If such Lender pays such amount to the Agent, then such amount shall
constitute such Lender’s Advance included in such Borrowing. Any payment by the Borrower shall be
without prejudice to any claim the Borrower may have against a Lender that shall have failed to
make such payment to the Agent.

               (e) The failure of any Lender to make the Advance to be made by it as part of any Borrowing
shall not relieve any other Lender of its obligation, if any, hereunder to make its Advance on the
date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender to
make the Advance to be made by such other Lender on the date of any Borrowing.

          Section 2.03. Fees. (a) Facility Fee. The Borrower agrees to pay to the
Agent for the account of each Lender a facility fee on the amount of such Lender’s Commitment in
effect from time to time, whether used or unused (or, if any Loans remain outstanding after the
Termination Date, on the outstanding principal amount of such Lender’s Advances thereafter), to
accrue from the Effective Date, in the case of each Initial Lender, and from the later of the
Effective Date and the effective date specified in the Assignment and Acceptance pursuant to which
it became a Lender, in the case of each other Lender, in each case, until the Termination Date (or,
if later, the date that all Advances have been paid in full), at a rate per annum equal to the
Applicable Facility Fee in effect from time to time, payable in arrears quarterly on the last
Business Day of each March, June, September and December before the Termination Date (or such later
date, if any, of payment), commencing with June 2005, and on the Termination Date or, if later, the
date that all Advances have been paid in full.

               (b) Utilization Fee. The Borrower agrees to pay the Agent for the account of each
Lender a utilization fee on the aggregate amount of such Lender’s Advances for any day on or after
the Effective Date on which the sum of the aggregate

17

 

outstanding principal amount of Advances shall be greater than 50% of the aggregate
Commitments at a rate per annum equal to the Applicable Utilization Fee in effect from time to
time. The utilization fees, if any, in respect of any fiscal quarter shall be payable in arrears
quarterly on the last Business Day of each March, June, September and December before the
Termination Date, commencing with June 2005, and on the Termination Date.

               (c) Agent’s Fees. The Borrower shall pay to the Agent for its own account such fees
as may from time to time be agreed in writing between the Borrower and the Agent.

          Section 2.04. Termination or Reduction of the Commitments. The Borrower shall have
the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or reduce
ratably in part the unused portions of the respective Commitments of the Lenders, provided
that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple
of $1,000,000 in excess thereof and provided further that the aggregate amount of
the Commitments of the Lenders shall not be reduced to an amount that is less than the sum of the
total Revolving Credit Exposures then outstanding and provided further that once
terminated, a Commitment may not be reinstated.

          Section 2.05. Repayment of Advances. The Borrower shall repay to the Agent for the
ratable account of the Lenders on the Termination Date the aggregate principal amount of the
Advances then outstanding.

          Section 2.06. Interest. (a) Scheduled Interest. The Borrower shall pay
interest on the unpaid principal amount of each Advance owing to each Lender from the date of such
Advance until such principal amount shall be paid in full, at the following rates per annum:

               (i) Base Rate Advances. During such periods as such Advance is a
Base Rate Advance, a rate per annum equal at all times to the Base Rate in effect
from time to time, payable in arrears quarterly on the last Business Day of each
March, June, September and December during such periods, commencing with June
2005, for the period beginning on the Effective Date and then ended.

               (ii) Eurodollar Rate Advances. During such periods as such Advance
is a Eurodollar Rate Advance, a rate per annum equal at all times during each
Interest Period for such Advance to the sum of (x) the Reserve Adjusted Eurodollar
Rate for such Interest Period for such Advance plus (y) the Applicable
Margin in effect from time to time, payable in arrears on the last day of such
Interest Period and, if such Interest Period has a duration of more than three
months, on each Business

18

 

Day that occurs during such Interest Period every three months from the first
day of such Interest Period and on the date such Eurodollar Rate Advance shall be
Converted or paid in full.

               (b) Default Interest. Upon the occurrence and during the continuance of an Event of
Default under Section 6.01(a), the Agent may with the consent, or shall at the direction of the
Required Lenders, require that the Borrower pay interest (“Default Interest”) on (i) the
unpaid principal amount of each overdue Advance owing to each Lender, payable in arrears on the
dates referred to in clause (a)(i) or (a)(ii) above, at a rate per annum equal at all times to 2%
per annum above the rate per annum required to be paid on such Advance, pursuant to clause (a)(i)
or (a)(ii) above and (ii) to the fullest extent permitted by law, the amount of any interest, fee
or other amount payable hereunder that is not paid when due, from the date such amount shall be due
until such amount shall be paid in full, payable in arrears on the date such amount shall be paid
in full and on demand, at a rate per annum equal at all times to 2% per annum above the rate per
annum required to be paid on Base Rate Advances pursuant to clause (a)(i) above, provided,
however, that following acceleration of the Advances pursuant to Section 6.01, Default
Interest shall accrue and be payable hereunder whether or not previously required by the Agent.

          Section 2.07. Interest Rate Determination. (a) Each Reference Lender agrees, if
requested by the Agent, to furnish to the Agent timely information for the purpose of determining
the Reserve Adjusted Eurodollar Rate. If any of the Reference Lenders shall not furnish such
timely information to the Agent for the purpose of determining any such interest rate, the Agent
shall determine such interest rate on the basis of timely information furnished by the remaining
Reference Lenders. The Agent shall give prompt notice to the Borrower and the Lenders of the (i)
applicable interest rate determined by the Agent for purposes of Section 2.06(a)(i) or (ii), and
the rate, if any, furnished by each Reference Lender for the purpose of determining the interest
rate under Section 2.06(a)(ii).

               (b) If, with respect to any Eurodollar Rate Advances, the Required Lenders notify the Agent
that the Reserve Adjusted Eurodollar Rate for any Interest Period for such Advances will not
adequately reflect the cost to such Required Lenders of making, funding or maintaining their
respective Eurodollar Rate Advances for such Interest Period, the Agent shall forthwith so notify
the Borrower and the Lenders, whereupon (i) each Eurodollar Rate Advance will automatically, on the
last day of the then existing Interest Period therefor, Convert into a Base Rate Advance, and (ii)
the obligation of the Lenders to make, or to Convert Advances into, Eurodollar Rate Advances shall
be suspended until the Agent shall notify the Borrower and the Lenders that the circumstances
causing such suspension no longer exist.

               (c) If the Borrower shall fail to select the duration of any Interest Period for any
Eurodollar Rate Advances in accordance with the provisions contained in the definition of “Interest
Period” in Section 1.01, the Agent will forthwith so notify the

19

 

Borrower and the Lenders and such Advances (unless repaid) will automatically, on the last day
of the then existing Interest Period therefor, Convert into Base Rate Advances.

               (d) On the date on which the aggregate unpaid principal amount of Eurodollar Rate Advances
comprising any Borrowing shall be reduced, by payment or prepayment or otherwise, to less than
$10,000,000, such Advances shall automatically Convert into Base Rate Advances.

               (e) Upon the occurrence and during the continuance of any Event of Default under Section
6.01(a), (i) each Eurodollar Rate Advance (unless repaid) will automatically, on the last day of
the then existing Interest Period therefor, Convert into a Base Rate Advance and (ii) the
obligation of the Lenders to make, or to Convert Advances into, Eurodollar Rate Advances shall be
suspended.

               (f) If fewer than two Reference Lenders determine and furnish timely information to the Agent
for determining the Eurodollar Rate for any Eurodollar Rate Advances after the Agent has requested
such information:

               (i) the Agent shall forthwith notify the Borrower and the Lenders that the
interest rate cannot be determined for such Eurodollar Rate Advances,

               (ii) with respect to Eurodollar Rate Advances, each such Advance (unless
repaid) will automatically, on the last day of the then existing Interest Period
therefor, Convert into a Base Rate Advance (or if such Advance is then a Base Rate
Advance, will continue as a Base Rate Advance), and

               (iii) the obligation of the Lenders to make Eurodollar Rate Advances or to
Convert Advances into Eurodollar Rate Advances shall be suspended until the Agent
shall notify the Borrower and the Lenders that the circumstances causing such
suspension no longer exist.

          Section 2.08. Optional Conversion of Advances. The Borrower may on any Business Day,
upon notice given to the Agent not later than 11:00 A.M. (New York City time) on the third Business
Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.07 and
2.11, Convert all or a portion of all (comprising, in the case of any portion, a ratable portion of
the respective Advances of each Lender and in an aggregate amount not less than $10,000,000)
Advances of one Type comprising the same Borrowing made to the Borrower into Advances of the other
Type; provided, however, that any Conversion of Eurodollar Rate Advances into Base
Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate
Advances and any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an
amount not less than $10,000,000. Each such notice of a Conversion shall, within the restrictions
specified above, specify (i) the date of such Conversion, (ii) the Advances (or portions thereof)
to

20

 

be Converted and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of
the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable
and binding on the Borrower.

          Section 2.09. Optional Prepayments of Advances. The Borrower may, upon notice to the
Agent not later than 11:00 A.M. (New York City time) on the proposed prepayment date for Base Rate
Advances, and upon at least three Business Days’ notice for Eurodollar Rate Advances, in each case
stating the proposed date and aggregate principal amount of the prepayment, and if such notice is
given the Borrower shall, prepay in whole or ratably in part the outstanding principal amount of
the Advances comprising part of the same Borrowing made to the Borrower together with accrued
interest to the date of such prepayment on the principal amount prepaid; provided,
however, that (x) each partial prepayment shall be in an aggregate principal amount of
$10,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any
such prepayment of Eurodollar Rate Advances, the Borrower shall be obligated to reimburse the
Lenders in respect thereof pursuant to Section 2.16.

          Section 2.10. Increased Costs. (a) 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 by, any
Lender (except any reserve requirement reflected in the Reserve Adjusted Eurodollar Rate); (ii)
subject any Lender to any tax of any kind whatsoever with respect to this Agreement or any
Eurodollar Advance made by it, or change the basis of taxation of payments to such Lender in
respect thereof (except for Indemnified Taxes or Other Taxes covered by Section 2.13 and changes in
the rate of any Excluded Tax payable by such Lender); or (iii) impose on any Lender or the London
interbank market any other condition, cost or expense affecting this Agreement or Eurodollar
Advances made by such Lender; and the result of any of the foregoing shall be to increase the cost
to such Lender of making or maintaining any Eurodollar Advance (or of maintaining its obligation to
make any such Advance), or to reduce the amount of any sum received or receivable by such Lender
hereunder (whether of principal, interest or any other amount), then upon request of such Lender
the Borrower will pay to such Lender such additional amount or amounts as will compensate such
Lender for such additional costs incurred or reduction suffered.

               (b) If any Lender determines that any Change in Law affecting such Lender or the Applicable
Lending Office of such Lender or such Lender’s holding company, if any, regarding capital
requirements has or would have the effect of reducing the rate of return on such Lender’s capital
or on the capital of such Lender’s holding company, if any, as a consequence of this Agreement, the
Commitments of such Lender or the Advances made by such Lender, to a level below that which such
Lender or such Lender’s holding company could have achieved but for such Change in Law (taking into
consideration such Lender’s policies and the policies of such Lender’s holding company with respect
to capital adequacy), then from time to time the Borrower will pay to such

21

 

Lender such additional amount or amounts as will compensate such Lender or such Lender’s
holding company for any such reduction suffered.

               (c) A certificate of a Lender setting forth the amount or amounts necessary to compensate such
Lender or its holding company, as the case may be, as specified in paragraph (a) or (b) of this
Section 2.10 and delivered to the Borrower shall be conclusive absent manifest error. The Borrower
shall pay such Lender the amount shown as due on any such certificate within 10 Business Days after
receipt thereof.

               (d) Failure or delay on the part of any Lender to demand compensation pursuant to this Section
2.10 shall not constitute a waiver of such Lender’s right to demand such compensation,
provided that the Borrower shall not be required to compensate a Lender pursuant to this
Section 2.10 for any increased costs incurred or reductions suffered more than nine months prior to
the date that such Lender notifies the Borrower of the Change in Law giving rise to such increased
costs or reductions and of such Lender’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
nine-month period referred to above shall be extended to include the period of retroactive effect
thereof).

          Section 2.11. Illegality. Notwithstanding any other provision of this Agreement, if
any Lender shall notify the Agent that the introduction of or any change in or in the
interpretation of any law or regulation makes it unlawful, or any central bank or other
governmental authority having relevant jurisdiction asserts that it is unlawful, for any Lender or
its Eurodollar Lending Office to perform its obligations hereunder to make Eurodollar Rate Advances
or to fund or maintain Eurodollar Rate Advances hereunder, (i) each Eurodollar Rate Advance will
Convert into a Base Rate Advance either (x) on the last day of the then current Interest Period
applicable to such Eurodollar Rate Advance if such Lender may lawfully maintain and fund such
Eurodollar Rate Advance to such date, or (y) immediately and automatically if such Lender shall
determine that it may not lawfully maintain and fund such Eurodollar Rate Advance to such date; and
(ii) the obligation of the Lenders to make Eurodollar Rate Advances or to Convert Advances into
Eurodollar Rate Advances shall be suspended until the Agent shall notify the Borrower and the
Lenders that the circumstances causing such suspension no longer exist.

          Section 2.12. Payments and Computations. (a) The Borrower shall make each payment
hereunder and under the Notes not later than 11:00 A.M. (New York City time) on the day when due in
U.S. dollars to the Agent at the Agent’s Account in same day funds, without set-off, counterclaim
or deduction, in each case as expressly provided herein. The Agent will promptly thereafter cause
to be distributed like funds relating to the payment of principal or interest or facility fees or
utilization fees ratably (other than amounts payable pursuant to Section 2.10, 2.13 or 2.16) to the
Lenders for the account of their respective Applicable Lending Offices, and like funds relating to
the payment of any other amount

22

 

payable to any Lender to such Lender for the account of its Applicable Lending Office, in each
case to be applied in accordance with the terms of this Agreement.

               (b) All computations of interest based on the Base Rate (except when calculated by reference
to the Federal Funds Rate) shall be made by the Agent on the basis of a year of 365 or 366 days, as
the case may be, and all computations of interest based on the Eurodollar Rate or the Federal Funds
Effective Rate and of facility fees and utilization fees shall be made by the Agent on the basis of
a year of 360 days, in each case for the actual number of days (including the first day but
excluding the last day) occurring in the period for which such interest, facility fees or
utilization fees are payable. Each determination by the Agent of an interest rate hereunder shall
be conclusive and binding for all purposes, absent error in the calculation of such interest rate.

               (c) Except as otherwise set forth herein, whenever any payment hereunder or under the Notes
shall be stated to be due on a day other than a Business Day, such payment shall be made on the
next succeeding Business Day, and such extension of time shall in such case be included in the
computation of payment of interest, facility fee or utilization fee, as the case may be;
provided, however, that, if such extension would cause payment of interest on or
principal of Eurodollar Rate Advances to be made in the next following calendar month, such payment
shall be made on the next preceding Business Day.

               (d) Unless the Agent shall have received notice from the Borrower prior to the date on which
any payment is due to the Agent for the account of the Lenders hereunder that the Borrower will not
make such payment, the Agent may assume that the Borrower has made such payment on such date in
accordance herewith and may, in reliance upon such assumption, distribute to the Lenders the amount
due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders
severally agrees to repay to the Agent forthwith on demand the amount so distributed to such
Lender, 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 Agent, at the greater of the Federal Funds
Effective Rate and a rate determined by the Agent in accordance with banking industry rules on
interbank compensation.

          Section 2.13. Taxes. (a) Any and all payments by or on account of any obligation of
the Borrower hereunder shall be made free and clear of and without reduction or withholding for any
Indemnified Taxes or Other Taxes, provided that if the Borrower shall be required by
applicable law to deduct any Indemnified Taxes (including any Other Taxes) from such payments, then
(i) the sum payable shall be increased as necessary so that after making all required deductions
(including deductions applicable to additional sums payable under this Section 2.13) the Agent or
Lender, as the case may be, receives an amount equal to the sum it would have received had no such
deductions been made, (ii) the Borrower shall make such deductions and (iii) the Borrower shall
timely pay the

23

 

full amount deducted to the relevant Governmental Authority in accordance with applicable law.

               (b) Without limiting the provisions of paragraph (a) above, the Borrower shall timely pay any
Other Taxes to the relevant Governmental Authority in accordance with applicable law.

               (c) The Borrower shall indemnify the Agent and each Lender within 10 Business Days after
demand therefor, 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
2.13) paid by the Agent or such Lender, and any penalties, interest and reasonable expenses arising
therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were
correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as
to the amount of such payment or liability delivered to the Borrower by a Lender (with a copy to
the Agent), or by the Agent on its own behalf or on behalf of a Lender, shall be conclusive absent
manifest error.

               (d) As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the
Borrower to a Governmental Authority, the Borrower shall deliver to the 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 Agent.

               (e) Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax
under the law of the jurisdiction in which the Borrower is resident for tax purposes, or any treaty
to which such jurisdiction is a party, with respect to payments hereunder shall deliver to the
Borrower (with a copy to the Agent), at the time or times prescribed by applicable law or
reasonably requested by the Borrower or the 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 the
Borrower or the Agent, shall deliver such other documentation prescribed by applicable law or
reasonably requested by the Borrower or the Agent as will enable the Borrower or the Agent to
determine whether or not such Lender is subject to backup withholding or information reporting
requirements. Without limiting the generality of the foregoing, in the event that the Borrower is
resident for tax purposes in the United States of America, any Foreign Lender shall deliver to the
Borrower and the Agent (in such number of copies as shall be requested by the recipient) 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 the Borrower or the Agent, but only if such Foreign Lender
is legally entitled to do so), whichever of the following is applicable: (i) duly completed
copies of Internal Revenue Service Form W-8BEN claiming eligibility for benefits of an income tax
treaty to which the United States of America is a party, (ii) duly completed copies of Internal
Revenue Service Form W-8ECI, (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

24

 

881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the Borrower 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 Internal Revenue Service 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 together with such supplementary
documentation as may be prescribed by applicable law to permit the Borrower to determine the
withholding or deduction required to be made.

               (f) If the Agent or a Lender determines, in its sole discretion, that it has received a refund
of any Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to
which the Borrower has paid additional amounts pursuant to this Section 2.13, it shall pay to the
Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or
additional amounts paid, by the Borrower under this Section 2.13 with respect to the Taxes or Other
Taxes giving rise to such refund), net of all out-of-pocket expenses of the Agent or such Lender,
as the case may be, and without interest (other than any interest paid by the relevant Governmental
Authority with respect to such refund), provided that the Borrower, upon the request of the
Agent or such Lender, agrees to repay the amount paid over to the Borrower (plus any penalties,
interest or other charges imposed by the relevant Governmental Authority) to the Agent or such
Lender in the event the Agent or such Lender is required to repay such refund to such Governmental
Authority. This paragraph shall not be construed to require the Agent or any Lender to make
available its tax returns (or any other information relating to its taxes which it deems
confidential) to the Borrower or any other Person.

          Section 2.14. Mitigation Obligations; Replacement of Lenders. (a) If any Lender
requests compensation under Section 2.10, or requires the Borrower to pay any additional amount to
any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.13,
then such Lender shall use reasonable efforts to designate a different lending office for funding
or booking its Advances 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 2.10 or 2.13, as the
case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or
expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to
pay all reasonable costs and expenses incurred by any Lender in connection with any such
designation or assignment.

               (b) If any Lender requests compensation under Section 2.10, or if the Borrower is required to
pay any additional amount to any Lender or any Governmental Authority for the account of any Lender
pursuant to Section 2.13, or if any Lender defaults in its obligation to fund Advances hereunder,
then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Agent,
require such Lender to assign and delegate, without recourse (in accordance with and subject to the
restrictions contained in, and consents required by, Section 8.07), all of its interests,

25

 

rights and obligations under this Agreement and the related Notes to an Eligible Assignee that
shall assume such obligations (which Eligible Assignee may be another Lender, if a Lender accepts
such assignment), provided that (i) the Borrower shall have paid to the Agent the
assignment fee specified in Section 8.07, (ii) such Lender shall have received payment of an
amount equal to the outstanding principal of its Advances, accrued interest thereon, accrued fees
and all other amounts payable to it hereunder (including any amounts under Section 2.16) from such
Eligible Assignee (to the extent of such outstanding principal and accrued interest and fees) or
the Borrower (in the case of all other amounts), (iii) in the case of any such assignment
resulting from a claim for compensation under Section 2.10 or payments required to be made pursuant
to Section 2.13, such assignment will result in a reduction in such compensation or payments
thereafter, and (iv) such assignment does not conflict with applicable law. 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 Borrower to require such assignment and
delegation cease to apply.

          Section 2.15. Sharing of Payments, Etc. 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 its Advances or other obligations of the Borrower hereunder resulting in such Lender’s
receiving payment of a proportion of the aggregate amount of its Advances and accrued interest
thereon or other such obligations greater than its pro rata share thereof as provided
herein, then the Lender receiving such greater proportion shall (a) notify the Agent of such fact,
and (b) purchase (for cash at face value) participations in the Advances and such other obligations
of the other Lenders, or make such other adjustments as shall be equitable, to the end 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 Advances and other
amounts owing them, provided that (i) if any such participations are purchased and all or
any portion of the payment giving rise thereto is recovered, such participations shall be rescinded
and the purchase price restored to the extent of such recovery, without interest, and (ii) the
provisions of this paragraph shall not be construed to apply to (x) any payment made by the
Borrower pursuant to and in accordance with the express terms of this Agreement or (y) any payment
obtained by a Lender as consideration for the assignment of or sale of a participation in any of
its Advances to any assignee or participant, other than to the Borrower or any Subsidiary thereof
(as to which the provisions of this paragraph shall apply). The 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 Borrower rights of
setoff and counterclaim with respect to such participation as fully as if such Lender were a direct
creditor of the Borrower in the amount of such participation.

          Section 2.16. Compensation for Breakage Costs. If any payment of principal of, or
Conversion of, any Eurodollar Rate Advance is made by the Borrower to or for the account of a
Lender other than on the last

26

 

day of the Interest Period for such Advance, as a result of a payment, prepayment or
Conversion pursuant to this Agreement or acceleration of the maturity of the Advances pursuant to
Section 6.01, Borrower shall, upon demand by such Lender (with a copy of such demand to the Agent),
pay to the Agent for the account of such Lender any amounts required to compensate such Lender for
any additional losses, costs or expenses that it may reasonably incur as a result of such payment
or Conversion, including, without limitation, any loss (excluding loss of anticipated profits),
cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds
acquired by any Lender to fund or maintain such Advance.

          Section 2.17. Use of Proceeds. The proceeds of the Advances shall be available (and
the Borrower agrees that it shall use such proceeds) in order to “back-stop” commercial paper, for
working capital purposes and for other general corporate purposes, provided that such
proceeds shall not be used in any manner that would result in violation of Regulation U or X,
issued by the Board of Governors of the Federal Reserve System, as now and from time to time
hereafter in effect.

          Section 2.18. Evidence of Debt. (a) Each Lender shall maintain in accordance with
its usual practice an account or accounts evidencing the indebtedness of the Borrower to such
Lender resulting from each Advance owing to such Lender from time to time, including the amounts of
principal and interest payable and paid to such Lender from time to time hereunder in respect of
Advances. The Borrower agrees that upon notice by any Lender to the Borrower (with a copy of such
notice to the Agent) to the effect that a Note is required or appropriate in order for such Lender
to evidence (whether for purposes of pledge, enforcement or otherwise) the Advances owing to, or to
be made by, such Lender, the Borrower shall promptly execute and deliver to such Lender a Note
payable to the order of such Lender in a principal amount up to the Commitment of such Lender.

               (b) The Register maintained by the Agent pursuant to Section 8.07(c) shall include a control
account, and a subsidiary account for each Lender, in which accounts (taken together) shall be
recorded (i) the date and amount of each Borrowing made hereunder, the Type of Advances comprising
such Borrowing and, if appropriate, the Interest Period applicable thereto, (ii) the terms of each
Assignment and Acceptance delivered to and accepted by the Agent, (iii) the amount of any principal
or interest due and payable or to become due and payable from the Borrower to each Lender hereunder
and (iv) the amount of any sum received by the Agent from the Borrower hereunder and each Lender’s
share thereof.

               (c) Entries made in good faith by the Agent in the Register pursuant to subsection (b) above,
and by each Lender in its account or accounts pursuant to subsection (a) above, shall be
prima facie evidence of the amount of principal and interest due and payable or to
become due and payable from the Borrower to, in the case of the Register, each Lender and, in the
case of such account or accounts, such Lender,

27

 

under this Agreement, absent manifest error; provided, however, that the
failure of the Agent or such Lender to make an entry, or any finding that an entry is incorrect, in
the Register or such account or accounts shall not limit or otherwise affect the obligations of the
Borrower under this Agreement.

ARTICLE III

CONDITIONS TO LENDING

          Section 3.01. Conditions Precedent to Effective Date. The Effective Date shall occur
upon the satisfaction of the following conditions precedent:

               (a) Since May 31, 2004 there shall not have occurred and be continuing any Material Adverse
Effect.

               (b) All governmental and third party consents and approvals necessary in connection with the
transactions contemplated hereby shall have been obtained (without the imposition of any conditions
that are not acceptable to the Lenders in their reasonable discretion) and shall remain in effect,
and no law or regulation shall be applicable in the reasonable judgment of the Lenders that
restrains, prevents or imposes materially adverse conditions upon the transactions contemplated
hereby.

               (c) The Borrower shall have paid all reasonable invoiced fees and out-of-pocket expenses of
the Agent and the Lenders (including the reasonable invoiced fees and expenses of counsel to the
Agent required by this Agreement), to the extent invoices therefor have been received at least one
Business Day before such Borrowing.

               (d) On the Effective Date, the following statements shall be true and the Agent shall have
received on behalf of the Lenders a certificate signed by a duly authorized officer of the
Borrower, dated the Effective Date, stating that:

               (i) The representations and warranties contained in Section 4.01 are true and
correct on and as of the Effective Date, and

               (ii) No event has occurred and is continuing that constitutes a Default.

               (e) The Agent shall have received on or before the Effective Date the following, each dated
the Effective Date, in form and substance satisfactory to the Agent:

               (i) A Note to the order of each Lender (if any) that has requested one
pursuant to Section 2.18.

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               (ii) Certified copies of the resolutions of the Board of Directors of the
Borrower approving the transactions contemplated by this Agreement and the
execution and delivery of this Agreement and the Notes, if any, to be delivered by
the Borrower, and of all documents evidencing other necessary corporate action and
governmental approvals, if any, with respect to this Agreement and such Notes.

               (iii) A certificate of the Secretary or an Assistant Secretary of the
Borrower certifying the names and true signatures of the officers of the Borrower
authorized to sign this Agreement and the Notes, if any, to be delivered by the
Borrower and the other documents to be delivered hereunder.

               (iv) A favorable opinion of (i) in-house counsel for the Borrower in the form
of Exhibit D-1 and (ii) Davis Polk & Wardwell, counsel for the Borrower, in the
form of Exhibit D-2.

          Section 3.02. Conditions Precedent to Each Borrowing. The obligation of each Lender
to make an Advance on the occasion of each Borrowing shall be subject to the conditions precedent
(without limitation of the conditions precedent to the Effective Date set forth in Section 3.01)
that on the date of such Borrowing the following statements shall be true (and each of the giving
of the applicable Notice of Borrowing and the acceptance by the Borrower of the proceeds of such
Borrowing shall constitute a representation and warranty by the Borrower that on the date of such
Borrowing such statements are true):

               (a) the representations and warranties contained in Section 4.01 made by the Borrower (other
than the representations and warranties contained in clauses (f)(i) and (g) of Section 4.01) are
true and correct in all material respects on and as of the date of such Borrowing before and after
giving effect to such Borrowing and to the application of the proceeds therefrom, as though made on
and as of such date (except to the extent that any such representation or warranty relates to a
specific earlier date in which case it was true as of such earlier date), and

               (b) no event has occurred and is continuing, or would result from such Borrowing or from the
application of the proceeds therefrom, that constitutes a Default.

          Section 3.03. Determinations Under Section 3.01. For purposes of determining
compliance with the conditions specified in Section 3.01, each Lender 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 the Lenders unless an
officer of the Agent responsible for the transactions contemplated by this Agreement shall have
received notice from such Lender prior to the Effective Date specifying its objection thereto. The
Agent shall promptly notify the Lenders and the Borrower of the anticipated Effective

29

 

Date. The Administrative Agent shall notify all parties promptly of the occurrence of the
Effective Date, which notice shall be conclusive once given.

ARTICLE IV

REPRESENTATIONS AND WARRANTIES

          Section 4.01. Representations and Warranties of the Borrower. The Borrower represents
and warrants as follows:

               (a) The Borrower is a corporation duly organized, validly existing and in good standing under
the laws of the state of its incorporation.

               (b) The execution, delivery and performance by the Borrower of this Agreement and the Notes,
if any, to be delivered by it, and the consummation of the transactions contemplated hereby and
thereby, are within the Borrower’s corporate powers, have been duly authorized by all necessary
corporate action, and do not contravene (i) the Borrower’s charter or by-laws (or other equivalent
organizational documents), (ii) applicable law or (iii) any contract or instrument binding on the
Borrower or any of its properties or assets that is material to the Borrower and its Subsidiaries,
taken as a whole.

               (c) No authorization or approval or other action by, and no notice to or filing with, any
governmental authority or regulatory body or any other third party is required for the due
execution, delivery and performance by the Borrower of this Agreement or the Notes, if any, to be
delivered by it.

               (d) This Agreement has been, and each of the Notes, if any, to be delivered by the Borrower
when delivered hereunder will have been, duly executed and delivered by the Borrower. Assuming
that this Agreement has been duly executed by the Agent and each of the Initial Lenders, this
Agreement is, and each of the Notes of the Borrower when delivered hereunder will be, the legal,
valid and binding obligation of the Borrower enforceable against the Borrower in accordance with
its respective terms, subject to (i) bankruptcy, insolvency, reorganization, moratorium and other
similar laws of general application affecting the rights and remedies of creditors and (ii) general
principles of equity, regardless of whether applied in proceedings in equity or at law.

               (e) The Consolidated balance sheet of the Borrower and its Subsidiaries as at May 31, 2004,
and the related Consolidated statements of income and cash flows of the Borrower and its
Subsidiaries for the fiscal year then ended, accompanied by the opinion(s) of one or more firms of
independent certified public accountants of recognized national standing, as filed with the
Securities and Exchange Commission on Form 10-K with respect to its year ended May 31, 2004, and
the Consolidated balance sheet of the Borrower and its Subsidiaries as at November 30, 2004, and
the related Consolidated statements of income and cash flows of the Borrower and its Subsidiaries
for the six months then ended, as filed with the Securities and

30

 

Exchange Commission on Form 10-Q with respect to its fiscal quarter ended November 30, 2004,
fairly present, subject, in the case of said balance sheet at November 30, 2004, and said
statements of income and cash flows for the six months then ended, to absence of footnotes and to
year-end audit adjustments, the Consolidated financial condition of the Borrower and its
Subsidiaries as at such dates and the Consolidated results of the operations of the Borrower and
its Subsidiaries for the periods ended on such dates, all in accordance with GAAP consistently
applied.

               (f) There is no pending or (to the knowledge of the Borrower) threatened action, investigation
or proceeding, including, without limitation, any Environmental Action, affecting the Borrower or
any of its Subsidiaries before any court, governmental agency or arbitrator that is initiated by
any Person other than a Lender in its capacity as a Lender (i) that is reasonably likely to have a
Material Adverse Effect or (ii) that purports to affect the legality, validity or enforceability of
this Agreement or any Note or the consummation of the transactions contemplated hereby.

               (g) Since May 31, 2004, there has not occurred any Material Adverse Effect which is
continuing.

               (h) None of the Borrower or any of its Subsidiaries is an Investment Company, as such term is
defined in the Investment Company Act of 1940, as amended.

               (i) No part of the proceeds of any Advances will be used in any manner that would result in a
violation of Regulation U or X, issued by the Board of Governors of the Federal Reserve System.

               (j) The proceeds of the Advances shall be used by the Borrower in order to “back stop”
commercial paper, for working capital purposes and for other general corporate purposes.

               (k) No report, financial statement or other written information furnished by or on behalf of
the Borrower to the Agent or any Lender pursuant to subsection 5.01(i) (as modified or supplemented
by any other information provided to the Agent or any Lender) contains or will contain any material
misstatement of fact or omits to state any material fact necessary to make the statements therein,
in light of the circumstances under which they were, are or will be made, not misleading, except to
the extent that the facts (whether misstated or omitted) do not result in a Material Adverse
Effect; provided that with respect to any projected financial information, the Borrower
represents only that such information has been (or will be) prepared in good faith based on
assumptions believed to be reasonable at the time.

               (l) The Borrower is in compliance with all material provisions of ERISA, except to the extent
that all failures to be in compliance could not, in the aggregate, reasonably be expected to have a
Material Adverse Effect.

               (m) The claims of the Agent and the Lenders against the Borrower under this Agreement rank at
least pari passu with the claims of all its

31

 

unsecured creditors, save those whose claims are preferred solely by the laws of general
application having effect in relation to bankruptcy, insolvency, liquidation or other similar
events.

               (n) The Borrower and its Subsidiaries have filed all United States federal tax returns and all
other tax returns that are material to the Borrower and its Subsidiaries, taken as a whole, which
are required to be filed and have paid all United States federal taxes and all other taxes that are
material to the Borrower and its Subsidiaries, taken as a whole, in each case, that are due
pursuant to said returns or pursuant to any material assessment received by the Borrower or any of
its Subsidiaries, except in respect of such taxes, if any, as are being contested in good faith and
by proper proceedings and to which appropriate reserves are being maintained.

ARTICLE V

COVENANTS OF THE BORROWER

          Section 5.01. Affirmative Covenants. So long as any Advance shall remain unpaid or
any Lender shall have any Commitment hereunder the Borrower will (and shall cause each of its
Subsidiaries to):

               (a) Compliance with Laws, Etc. Comply in all material respects, with all applicable
laws, rules, regulations and orders (such compliance to include, without limitation, compliance
with ERISA, Environmental Laws and the Patriot Act) except where the failure to so comply would not
have a Material Adverse Effect.

               (b) Payment of Taxes, Etc. Pay and discharge before the same shall become delinquent,
(i) all taxes, assessments and governmental charges or levies imposed upon it or upon its property
and (ii) all lawful claims that, if unpaid, might by law become a Lien upon its property;
provided, however, that none of the Borrower or any of its Subsidiaries shall be
required to pay or discharge any such tax, assessment, charge or claim that is being contested in
good faith and by proper proceedings and as to which appropriate reserves are being maintained,
unless and until any Lien resulting therefrom attaches to its property and becomes enforceable
against its other creditors and the aggregate of such Liens would have a Material Adverse Effect.

               (c) Maintenance of Insurance. Maintain insurance with responsible and reputable
insurance companies or associations in such amounts and covering such risks as is usually carried
by companies engaged in similar businesses and owning similar properties in the same general areas
in which the Borrower or such Subsidiary operates; provided, however, that each of
the Borrower and its Subsidiaries may self-insure to the extent consistent with reasonable business
practice.

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               (d) Preservation of Corporate Existence, Etc. Preserve and maintain its corporate
existence, rights (charter and statutory) and franchises; provided, however, that
the Borrower and its Subsidiaries may consummate any transaction permitted under Section 5.02(b)
and provided further that none of the Borrower and its Subsidiaries shall be
required to preserve any right or franchise, and no Subsidiary shall be required to preserve and
maintain its corporate existence, if the senior management of the Borrower or of such Subsidiary
(or any Person authorized by the Borrower or such Subsidiary) shall determine that the preservation
thereof is no longer desirable in the conduct of the business of the Borrower and its Subsidiaries,
taken as a whole, and that the loss thereof is not disadvantageous in any material respect to the
Borrower and its Subsidiaries, taken as a whole.

               (e) Visitation Rights. During normal business hours and upon not less than five days’
notice, permit the Agent or any of the Lenders or any agents or representatives thereof, to examine
and make copies of and abstracts from the records and books of account of (excluding any
confidential information), and visit the properties of, the Borrower and any of its Subsidiaries,
and to discuss the affairs, finances and accounts of the Borrower and any of its Subsidiaries with
the appropriate representatives of the Borrower and together with the appropriate representatives
of the Borrower’s independent certified public accountants, provided, however, that
examination of the records of the Borrower and any of its Subsidiaries shall occur only at times
when an Advance or Advances shall be outstanding to the Borrower and provided,
further, that the Agent and the Lenders may make copies of and abstracts from the records
and books of account only at times when an Event of Default has occurred and is continuing.

               (f) Keeping of Books. Keep proper books of record and account, in which full and
correct entries shall be made of all financial transactions and the assets and business of the
Borrower and each Subsidiary in accordance with generally accepted accounting principles in effect
from time to time.

               (g) Maintenance of Properties, Etc. Maintain and preserve its properties that are
material to the conduct of the business of the Borrower and its Subsidiaries taken as a whole, in
good working order and condition, ordinary wear and tear excepted; provided,
however, that the Borrower and its Subsidiaries may sell or otherwise dispose of such
properties to the extent not prohibited under Section 5.02(b).

               (h) Transactions with Affiliates. Conduct all transactions otherwise permitted under
this Agreement with any of its Affiliates (other than the Borrower and its Subsidiaries) on terms
that are fair and reasonable and no less favorable to the Borrower or its Subsidiaries than it
would obtain in a comparable arm’s-length transaction with a Person not an Affiliate except where
the failure to do so, in the aggregate, would not have a Material Adverse Effect.

               (i) Reporting Requirements. Furnish to the Lenders:

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               (i) as soon as available and in any event within 45 days after the end of
each of the first three quarters of each fiscal year of the Borrower, the
Consolidated balance sheet of the Borrower and its Subsidiaries as of the end of
such quarter and the Consolidated statements of income and cash flows of the
Borrower and its Subsidiaries for the period commencing at the end of the previous
fiscal year and ending with the end of such quarter, duly certified (subject to
year-end audit adjustments) by the chief financial officer, treasurer or
controller of the Borrower as having been prepared in accordance with GAAP;

               (ii) as soon as available and in any event within 90 days after the end of
each fiscal year of the Borrower, a copy of the annual audit report for such year
for the Borrower and its Subsidiaries, containing the Consolidated balance sheet
of the Borrower and its Subsidiaries as of the end of such fiscal year and the
Consolidated statements of income and cash flows of the Borrower and its
Subsidiaries for such fiscal year, in each case accompanied by the opinion(s) of
Ernst & Young LLP or one or more other firms of independent certified public
accountants of nationally recognized standing reasonably acceptable to the Agent;

               (iii) concurrently with subsections (i)(i) and (i)(ii) of this Section 5.01,
a certificate of the chief financial officer, treasurer or controller of the
Borrower certifying that to the best of his or her knowledge no Event of Default
is continuing at such date or specifying any Event of Default that is continuing
at such date and specifying the nature and extent thereof and any corrective
action taken or proposed to be taken with respect thereto;

               (iv) as soon as possible and in any event within five Business Days after a
Board-appointed officer of the Borrower becomes aware of the occurrence of each
Default continuing on the date of such statement, a statement of the chief
financial officer, treasurer or controller of the Borrower setting forth details
of such Default and the action that the Borrower has taken and proposes to take
with respect thereto;

               (v) promptly after the sending or filing thereof, copies of all quarterly and
annual reports and proxy solicitations that the Borrower sends to any of its
security holders, and copies of all reports on Form 8-K that the Borrower files
with the Securities and Exchange Commission (the “SEC”) (other than
reports on Form 8-K filed solely for the purpose of incorporating exhibits into a
registration statement previously filed with the Securities and Exchange
Commission);

               (vi) prompt notice of all actions and proceedings before any court,
governmental agency or arbitrator affecting the Borrower or any of its
Subsidiaries of the type described in Section 4.01(f); and

34

 

               (vii) such other information respecting the Borrower or any of its
Subsidiaries as any Lender through the Agent may from time to time reasonably
request.

          Reports required to be delivered pursuant to clauses (i), (ii) and (v) above for the Borrower
shall be deemed to have been delivered on the date on which the Borrower posts such reports on the
Borrower’s website on the Internet at the website address listed for the Borrower on the signature
pages hereof or when such report is posted on the SEC’s website at www.sec.gov and such posting
shall be deemed to satisfy the reporting requirements of clauses (i), (ii) and (v) above;
provided that the Borrower shall deliver paper copies of the reports referred to in clauses
(i), (ii) and (v) above to the Agent or any Lender who requests the Borrower to deliver such paper
copies until written notice to cease delivering paper copies is given by the Agent or such Lender
and provided further, that in every instance the Borrower shall provide paper
copies of the certificate required by clauses (iii), (iv) and (vi) above to the Agent and each of
the Lenders until such time as the Agent shall have provided the Borrower written notice otherwise.

               (j) Use of Proceeds. Use the proceeds of the Advances in accordance with the
provisions of Section 2.17.

          Section 5.02. Negative Covenants. So long as any Advance shall remain unpaid or any
Lender shall have any Commitment hereunder:

               (a) Liens, Etc. None of the Borrower or any of its Subsidiaries will create or suffer
to exist any Lien on or with respect to any of its properties, whether now owned or hereafter
acquired, or on any of the income or profits therefrom unless it shall have made effective
provision whereby the Advances shall be secured by such Lien equally and ratably with any and all
obligations and Debt so secured so long as such obligations and Debt are so secured;
provided that nothing in this Section 5.02 shall be construed to prevent or restrict the
following:

               (i) Permitted Liens,

               (ii) purchase money Liens upon or in any real property or equipment acquired
or held by the Borrower or any of its Subsidiaries in the ordinary course of
business to secure the purchase price of such property or equipment or to secure
Debt incurred solely for the purpose of financing the acquisition of such property
or equipment, or Liens existing on such property or equipment at the time of its
acquisition or conditional sales or other similar title retention agreements with
respect to property hereafter acquired or extensions, renewals or replacements of
any of the foregoing for the same or a lesser amount, provided,
however, that no such Lien shall extend to or cover any properties of any
character other than the real property or equipment being acquired and any

35

 

improvements thereto or proceeds thereof, and no such extension, renewal or
replacement shall extend to or cover any properties not theretofore subject to the
Lien being extended, renewed or replaced,

               (iii) the Liens existing on the Effective Date and described on Schedule
5.02(a) hereto,

               (iv) Liens on property of a Person existing at the time such Person becomes a
Subsidiary of the Borrower or any other Subsidiary of the Borrower or is merged
into or consolidated with the Borrower or any Subsidiary of the Borrower;
provided that (A) to the extent such Liens were created at a time when
such Person was a Subsidiary or an Affiliate of the Borrower, such Liens attach
solely to the properties or assets subject to such Liens immediately prior to such
merger, consolidation or acquisition and (B) any such Liens that were created
during the period immediately prior to such merger, consolidation or acquisition
were not created in contemplation of the merger, consolidation or acquisition.

               (v) Liens to secure Debt issued by the Borrower in connection with a
consolidation or merger of the Borrower with or into any of its Affiliates in
exchange for or otherwise in substitution for long-term senior secured Debt of
such Affiliate (without increase in the amount or extension of the final maturity
date of the Debt of such Affiliate),

               (vi) Liens on margin stock (within the meaning of Regulation U issued by the
Board of Governors of the Federal Reserve System),

               (vii) the replacement, extension or renewal of any Lien permitted by clauses
(iii) and (iv) above upon or in the same property theretofore subject thereto or
the replacement, extension or renewal (without increase in the amount) of the Debt
secured thereby,

               (viii) Liens to secure intercompany Debt obligations among Borrower and its
Subsidiaries,

               (ix) Additional Permitted Liens,

               (x) Liens arising from any receivables financing accounted for under GAAP as
a sale by the Borrower or any of its Subsidiaries to a Person other than the
Borrower or any of its Subsidiaries, provided that (a) such financing
shall be limited recourse or non-recourse to the Borrower and its Subsidiaries
except to the extent customary for such transactions, and (b) such Liens do not
encumber any assets other than the receivables being financed, the property
securing or otherwise relating to such receivables, and the proceeds thereof, and

36

 

               (xi) Liens, not otherwise subject to any of clauses (i) through (x) above, on
assets, other than Intellectual Property, granted to secure Debt or other
obligations in an aggregate principal amount that, together with any Covenant Debt
of a Subsidiary of the Borrower outstanding pursuant to Section 5.02(e)(iii),
shall not exceed the amount specified in Section 5.02(e)(iii).

               (b) Mergers, Etc. The Borrower will not merge or consolidate with or into, and will
not, and will not permit its Subsidiaries to, convey, transfer, lease or otherwise dispose of
(whether in one transaction or in a series of transactions) all or substantially all of the assets
of the Borrower and its Subsidiaries taken as a whole (whether now owned or hereafter acquired) to,
any Person, except that (i) any Person may merge with or into the Borrower in a transaction in
which the Borrower is the survivor; (ii) the Borrower may merge into any of its Subsidiaries for
the purpose of effecting a change in its state of incorporation from Delaware to any other state in
the United States if (A) such Subsidiary is incorporated in such other state solely for the
purposes of such merger and, immediately prior to the effectiveness of such merger, has positive
stockholders’ equity, and (B) such merger would not reasonably be expected to result in a Material
Adverse Effect; (iii) any Subsidiary or group of Subsidiaries of the Borrower may dispose of assets
to Persons other than the Borrower and its Subsidiaries, so long as, after giving effect to such
transaction, such Subsidiary or Subsidiaries, taken as a consolidated whole, has not disposed of,
in one transaction or a series of related transactions, more than 10% of the Consolidated assets of
the Borrower and its Subsidiaries, taken as a whole and (iv) any Person may sell margin stock
(within the meaning of Regulation U of the Board of Governors of the Federal Reserve System).

               (c) Accounting Changes. The Borrower shall not make or permit any change in
accounting policies or reporting practices, except (i) as required or permitted by GAAP or (ii)
where the effect of such change, together with all other changes in accounting policies or
reporting practices made pursuant to this clause (ii) since the Effective Date, is immaterial to
the Borrower and its Subsidiaries taken as a whole.

               (d) Financial Covenant. The Borrower shall not permit the Capitalization Ratio to
exceed 40%.

               (e) Subsidiary Indebtedness. The Borrower will not permit any of its Subsidiaries to
incur or permit to remain outstanding any Covenant Debt other than (i) Debt of a Subsidiary
outstanding on the Effective Date and refinancings, refundings, renewals or extensions thereof,
(ii) Debt owed to the Borrower or another Subsidiary of the Borrower and (iii) Covenant Debt not
referenced in clauses (i) and (ii) above in an aggregate outstanding principal amount that,
together with any Debt or other obligations secured by Liens referred to in Section 5.02(a)(xi),
shall not exceed the greater of (x) $1,500,000,000 and (y) 10% of Total Consolidated Tangible
Assets determined at such time.

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ARTICLE VI

EVENTS OF DEFAULT

          Section 6.01. Events of Default. If any of the following events (“Event of
Default”) shall occur and be continuing with respect to the Borrower or any of its
Subsidiaries:

               (a) The Borrower shall fail to pay any principal of any Advance when the same becomes due and
payable; or the Borrower shall fail to pay any interest on any Advance within three (3) Business
Days after the same becomes due and payable; or the Borrower shall fail to pay any fees payable
hereunder within ten (10) Business Days after the same become due and payable; or the Borrower
shall fail to pay any other amount payable under this Agreement or any Note within ten (10)
Business Days after receipt by the Borrower of written demand therefor; or

               (b) Any representation or warranty made or deemed made by the Borrower herein or by the
Borrower (or any of its officers) in connection with this Agreement shall prove to have been
incorrect in any material respect when made or deemed made; or

               (c) (i) The Borrower shall fail to perform or observe any term, covenant or agreement
contained in Section 5.01(d),(h),(i)(iv),(i)(vi) or (j) or 5.02, (ii) the Borrower shall fail to
perform or observe any term, covenant or agreement contained in Section 5.01(i) (other than clauses
(iv) and (vi) thereof) if such failure shall remain unremedied for fifteen (15) Business Days after
written notice thereof shall have been given to the Borrower by the Agent or any Lender or (iii)
the Borrower shall fail to perform or observe any other term, covenant or agreement contained in
this Agreement on its part to be performed or observed if such failure shall remain unremedied for
thirty (30) days after written notice thereof shall have been given to the Borrower by the Agent or
any Lender; or

               (d) The Borrower or any of its Subsidiaries shall fail to pay any principal of or premium or
interest on any Debt that is outstanding in a principal or, in the case of Hedge Agreements, net
amount, of at least $75,000,000 in the aggregate (but excluding Debt outstanding hereunder) of the
Borrower or such Subsidiary (as the case may be) (the “Requisite Amount”), when the same
becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand
or otherwise), and such failure shall continue after the later of five (5) Business Days and the
applicable grace period, if any, specified in the agreement or instrument relating to such Debt; or
any such Debt aggregating the Requisite Amount shall be declared due and payable or any other
breach or default with respect to any other material term shall occur or shall exist under any
agreement or instrument relating to any such Debt aggregating the Requisite Amount and shall
continue after the applicable grace period, if any, specified in such agreement or instrument if
the effect of such breach or default is to accelerate the maturity of such Debt; or any such Debt
aggregating the Requisite Amount shall be required to be prepaid

38

 

or redeemed (other than by a regularly scheduled required prepayment or redemption), purchased
or defeased, in each case prior to the stated maturity thereof where the cause of such prepayment,
redemption, purchase or defeasance is the occurrence of an event or condition that is premised on a
material adverse deterioration of the financial condition, results of operations or properties of
the Borrower or such Subsidiary; provided that with respect to Debt aggregating the
Requisite Amount of the types described in clauses (h) or (i) of the definition of “Debt” and to
the extent such Debt relates to the obligations of any Person other than a Subsidiary, no Event of
Default shall occur so long as the payment of such Debt is being contested in good faith and by
proper proceedings and as to which appropriate reserves are being maintained; or

               (e) The Borrower or any of its Subsidiaries (other than Immaterial Subsidiaries) shall
generally not pay its respective debts as such debts become due, or shall admit in writing its
inability to pay its debts generally, or shall make a general assignment for the benefit of
creditors; or any proceeding shall be instituted by or against the Borrower or any of its
Subsidiaries (other than Immaterial Subsidiaries) seeking to adjudicate it as bankrupt or
insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection,
relief, or composition of it or its debts under any law relating to bankruptcy, insolvency or
reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment
of a receiver, trustee, custodian or other similar official for it or for any substantial part of
its property and, in the case of any such proceeding instituted against it (but not instituted by
it), either such proceeding shall remain undismissed or unstayed for a period of sixty (60) days,
or any of the actions sought in such proceeding (including, without limitation, the entry of an
order for relief against, or the appointment of a receiver, trustee, custodian or other similar
official for, it or for any substantial part of its property) shall occur; or the Borrower or any
of its Subsidiaries (other than Immaterial Subsidiaries) shall take any corporate action to
authorize any of the actions set forth in this subsection (e) under any law relating to bankruptcy,
insolvency or reorganization or relief of debtors; or

               (f) Any judgment or order for the payment of money in excess of $100,000,000 shall be rendered
against the Borrower or any of its Subsidiaries (other than Immaterial Subsidiaries) and such
judgment shall remain undischarged, unvacated, unbonded or unstayed for a period of thirty (30)
days and enforcement proceedings shall have been commenced by any creditor upon such judgment or
order; provided, however, that any such judgment or order shall not be an Event of
Default under this Section 6.01(f) if and for so long as and to the extent that (i) the amount of
such judgment or order is covered (subject to standard deductibles) by a valid and binding policy
of insurance between the defendant and the insurer or insurers covering payment thereof, (ii) such
insurer shall be rated, or, if more than one insurer, at least 90% of such insurers as measured by
the amount of risk insured shall be rated, at least “A-” by A.M. Best Company or its successor or
its successors and (iii) such insurer(s) has been notified of, and has not refused to defend the
claim made for payment of, the amount of such judgment or order; or

               (g) (i) Any Person or two or more Persons acting in concert shall have acquired beneficial
ownership (within the meaning of Rule 13d-3 of the Securities

39

 

and Exchange Commission under the Securities Exchange Act of 1934), directly or indirectly, of
Voting Stock of the Borrower (or other securities convertible into such Voting Stock) representing
more than 50% of the combined voting power of all Voting Stock of the Borrower; or (ii) during any
period of up to twenty-four (24) consecutive months, commencing after the date of this Agreement,
individuals who at the beginning of such 24-month period were directors of the Borrower shall cease
for any reason (other than solely as a result of (A) death or disability or (B) voluntary
retirement or resignation of any individual in the ordinary course and not for reasons related to
an actual or proposed change of control of the Borrower) to constitute a majority of the board of
directors of the Borrower; or

               (h) The Borrower or its ERISA Affiliates shall incur, or shall be reasonably likely to incur,
liability that would have a Material Adverse Effect as a result of one or more of the following:
(i) the occurrence of any ERISA Event; (ii) the partial or complete withdrawal of the Borrower or
its ERISA Affiliates from a Multiemployer Plan; or (iii) the reorganization or termination of a
Multiemployer Plan; or

               (i) This Agreement ceases to be in full force and effect or shall be declared null and void or
the Borrower shall contest the validity or enforceability of this Agreement in writing or deny in
writing that it has any further liability, including with respect to future Advances by Lenders,
under this Agreement;

then, and in any such event, the Agent (i) shall at the request, or may with the consent, of the
Required Lenders, by notice to the Borrower, declare the obligation of each Lender to make Advances
to the Borrower to be terminated, whereupon the same shall forthwith terminate, and (ii) shall at
the request, or may with the consent, of the Required Lenders, by notice to the Borrower, declare
all or a portion of the Advances, all interest thereon and all other amounts payable under this
Agreement by the Borrower to be forthwith due and payable, whereupon such Advances, all such
interest and all such other amounts shall become and be forthwith due and payable by the Borrower,
without presentment, demand, protest or further notice of any kind, all of which are hereby
expressly waived by the Borrower; provided, however, that in the event of an actual
or deemed entry of an order for relief with respect to the Borrower under the U.S. Bankruptcy Code,
(A) the obligation of each Lender to make Advances to the Borrower shall automatically be
terminated and (B) the Advances, all such interest and all such other amounts shall automatically
become and be due and payable, without presentment, demand, protest or any notice of any kind, all
of which are hereby expressly waived by the Borrower.

ARTICLE VII

THE AGENT

          Section 7.01. Appointment and Authority. Each of the Lenders hereby irrevocably
appoints Wachovia as its agent hereunder and authorizes the Agent to take such actions on its
behalf and to exercise such powers as are delegated to the Agent by the terms hereof or thereof,
together with such

40

 

actions and powers as are reasonably incidental thereto. The provisions of this Article are
solely for the benefit of the Agent and the Lenders and the Borrower shall not have rights as a
third party beneficiary of any of such provisions.

          Section 7.02. Rights as a Lender. The Person serving as the 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 Agent and the term “Lender” or “Lenders” shall, unless otherwise
expressly indicated or unless the context otherwise requires, include the Person serving as the
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 Borrower or any Subsidiary or other Affiliate
thereof as if such Person were not the Agent hereunder and without any duty to account therefor to
the Lenders.

          Section 7.03. Exculpatory Provisions. The Agent shall not have any duties or
obligations except those expressly set forth herein. Without limiting the generality of the
foregoing, the 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 that the Agent is required to exercise as directed in writing by the
Required Lenders (or such other number or percentage of the relevant Lenders as shall be necessary
under the circumstances as provided in Section 8.01), provided that the Agent shall not be
required to take any action that, in its opinion or the opinion of its counsel, may expose the
Agent to liability or that is contrary to any applicable law, and (c) shall not, except as
expressly set forth herein have any duty to disclose, and shall not be liable for the failure to
disclose, any information relating to the Borrower or any of its Affiliates that is communicated to
or obtained by the person serving as the Agent or any of its Affiliates in any capacity. The Agent
shall not be liable for any action taken or not taken by it with the consent or at the request of
the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under
the circumstances as provided in Section 8.01) or in the absence of its own gross negligence or
willful misconduct. The Agent shall be deemed not to have knowledge of any Default unless and
until notice thereof is given to the Agent by the Borrower or a Lender. The Agent shall not be
responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or
representation made in or in connection with this Agreement, (ii) the contents of any certificate,
report or other document delivered hereunder or 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 or any other agreement, instrument
or document or (v) the satisfaction of any condition set forth in Article III or elsewhere herein,
other than to confirm receipt of items expressly required to be delivered to the Agent.

41

 

          Section 7.04. Reliance by Agent. The 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, posting to an Internet or
intranet website or other distribution) believed by it to be genuine and to have been signed, sent
or otherwise authenticated by the proper Person. The 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 an Advance that by its terms must be fulfilled to the satisfaction of a
Lender, the Agent may presume that such condition is satisfactory to such Lender unless the Agent
shall have received notice to the contrary from such Lender prior to the making of such Advance.
The Agent may consult with legal counsel (who may be counsel for the Borrower), independent
accountants and other experts selected by it, and shall not be liable for any action taken or not
taken by it in accordance with the advice of any such counsel, accountants or experts.

          Section 7.05. Delegation of Duties. The Agent may perform any and all of its duties
and exercise its rights and powers hereunder by or through any one or more sub-agents appointed by
the Agent. The 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 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 Agent.

          Section 7.06. Resignation of Agent. The Agent may at any time give notice of its
resignation to the Lenders and the Borrower. Upon receipt of any such notice of resignation, the
Required Lenders shall have the right, in consultation with the Borrower, to appoint a successor,
which shall be a bank with an office in New York, or an Affiliate of any such bank with an office
in New York. 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 Agent gives notice of its
resignation, then the retiring Agent may on behalf of the Lenders, appoint a successor Agent
meeting the qualifications set forth above, provided that if the Agent shall notify the
Borrower and the Lenders that no such successor is willing to accept such appointment, then such
resignation shall nonetheless become effective in accordance with such notice and (1) the retiring
Agent shall be discharged from its duties and obligations hereunder and (2) all payments,
communications and determinations provided to be made by, to or through the Agent shall instead be
made by or to each Lender directly, until such time as the Required Lenders appoint a successor
Agent as provided for above in this paragraph. Upon the acceptance of a successor’s appointment as
Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers,
privileges and duties of the retiring (or retired) Agent, and the retiring

42

 

Agent shall be discharged from all of its duties and obligations hereunder. The fees payable
by the Borrower to a successor Agent shall be the same as those payable to its predecessor unless
otherwise agreed between the Borrower and such successor. After the retiring Agent’s resignation
hereunder, the provisions of this Article and Section 8.04 shall continue in effect for the benefit
of such retiring 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 Agent was acting as Agent.

          Section 7.07. Non-Reliance on Agent and Other Lenders. Each Lender acknowledges that
it has, independently and without reliance upon the 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 also acknowledges that
it will, independently and without reliance upon the 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 Note or any related agreement or any document furnished hereunder or
thereunder.

          Section 7.08. No Other Duties, etc. Anything herein to the contrary notwithstanding,
none of the Joint Lead Arrangers, Joint Bookrunners, syndication agents or documentation agents
listed on the cover page hereof shall have any powers, duties or responsibilities under this
Agreement, except in its capacity, as applicable, as the Agent or a Lender hereunder.

ARTICLE VIII

MISCELLANEOUS

          Section 8.01. Amendments, Etc. (a) No amendment or waiver of any provision of this
Agreement or any Notes, nor consent to any departure by the Borrower therefrom, shall in any event
be effective unless the same shall be in writing and signed by the Borrower and the Required
Lenders, and then such waiver or consent shall be effective only in the specific instance and for
the specific purpose for which given; provided, however, that (i) no amendment,
waiver or consent shall, unless in writing and signed by all the Lenders, do any of the following:
(A) waive any of the conditions specified in Section 3.01, (B) change the percentage of the
Commitments or of the aggregate unpaid principal amount of the Advances or the number of Lenders
that shall be required for the Lenders or any of them to take any action hereunder, or (C) amend
this Section 8.01; and (ii) no amendment, waiver or consent shall, unless in writing and signed by
the Required Lenders and each Lender that has a Commitment or has or is owed obligations under this
Agreement or the Notes that is or are modified by such amendment, waiver or consent, (A) increase the

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Commitment of such Lender or subject such Lender to any additional obligations, (B) reduce the
principal of, or interest on, the Advances made by such Lender or any fees or other amounts payable
hereunder to such Lender, (C) postpone any date fixed for any payment of interest on the Advances
made by such Lender or any fees or other amounts payable hereunder to such Lender, (D) extend the
Termination Date or (E) amend or waive the application of Section 2.15.

Each Lender grants (x) to the Agent the right to purchase all (but not less than all) of such
Lender’s Commitments and Advances owing to it and the Notes held by it and all of its rights and
obligations hereunder, and (y) to the Borrower the right to cause an assignment of all (but not
less than all) of such Lender’s Commitments and Advances owing to it, its participations in the
Notes held by it and all of its rights and obligations hereunder to Eligible Assignees, which right
may be exercised by the Agent or the Borrower, as the case may be, if such Lender (a
“Non-Consenting Lender”) refuses to execute any amendment, waiver or consent which requires
the written consent of all or all affected Lenders under clause (i) or (ii) in paragraph (a) above
and to which the Required Lenders, and the Borrower have otherwise agreed; provided that
such Non-Consenting Lender shall receive, in connection with such assignments, payment equal to the
aggregate amount of outstanding Advances owed to such Lender (together with all accrued and unpaid
interest, fees and other amounts owed to such Lender, including any amounts under Section 2.16).
Each Lender agrees that if the Agent or the Borrower, as the case may be, exercises their option
hereunder, it shall promptly execute and deliver all agreements and documentation reasonably
necessary to effectuate such assignment, without recourse, as set forth in Section 8.07 at the
Borrower’s expense. If the Borrower has requested that a Lender execute such agreement or
documentation and the Non-Consenting Lender does not comply with the request within two Business
Days after such request is made to execute and deliver such assignment, then the Borrower shall be
entitled (but not obligated) to execute and deliver such agreement and documentation on such
Non-Consenting Lender’s behalf and any such agreement and/or documentation so executed by the
Borrower (in substantially the form of Exhibit C hereto) shall be effective for purposes of
effectuating an assignment pursuant to Section 8.07; provided, all amounts due and owing to
the Non-Consenting Lender have been paid and the Borrower shall not be permitted to add any
obligations or liabilities to such Non-Consenting Lender.

          Section 8.02.
Notices; Effectiveness; Electronic Consent. (a) Except in the case of
notices and other communications expressly permitted to be given by telephone (and except as
provided in paragraph (b) below), all notices and other communications provided for herein shall be
in writing and shall be delivered by hand or overnight courier service, mailed by certified or
registered mail or sent by telecopier as follows: (i) if to the Borrower, to it at Oracle
Corporation, 500 Oracle Parkway, Redwood Shores, CA 94065, Attention of the Treasurer (Telecopier
No. (650) 633-0171; Telephone No. (650) 506-4118), with a copy to the General Counsel at Oracle
Corporation (Telecopier No. (650) 506-7114; Telephone No. (650) 506-5500); (ii) if to the Agent,
to Wachovia at 301 South College Street, Charlotte, North Carolina 28288, Attention: Agency
Services (Telecopier No. (704) 383-0288; Telephone No.

44

 

(704) 374-2698), with a copy to Syndications (Telecopier No. (704) 383-3612; Telephone
No.(704) 383-4131; and (iv) if to a Lender, to it at its address (or telecopier number) set forth
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 receipt thereof is confirmed electronically
(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 paragraph (b) below, shall be
effective as provided in said paragraph (b).

               (b) Notices and other communications to the Lenders hereunder may be delivered or furnished by
electronic communication (including e-mail and Internet or intranet websites) pursuant to
procedures approved by the Agent, provided that the foregoing shall not apply to
notices to any Lender pursuant to Section 2.02 if such Lender has notified the Agent that it is
incapable of receiving notices under such Article by electronic communication. The Agent or the
Borrower may, in its discretion, agree to accept notices and other communications to it hereunder
by electronic communications pursuant to procedures approved by it, provided that approval
of such procedures may be limited to particular notices or communications. Unless the Agent
otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be
deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such
as 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. Electronic mail and Internet and intranet websites may be used by the Agent to
distribute communications, such as financial statements and other information as provided in this
Agreement, and to distribute documents for execution by the parties thereto, and the Agent shall
not be responsible for any losses, costs, expenses and liabilities that may arise by reason of the
use thereof, except for its own gross negligence or willful misconduct. The Agent and the Lenders
shall be entitled to rely and act in good faith upon any notices (including telephonic notices)
purportedly given by or on behalf of the Borrower.

               (c) Any party hereto may change its address or telecopier number or email address for notices
and other communications hereunder by notice to the other parties hereto.

          Section 8.03. No Waiver; Remedies. No failure on the part of any Lender or the Agent
to exercise, and no delay in exercising, any right hereunder or under any Note shall operate as a
waiver thereof; nor shall any single or partial exercise of any such right preclude any other or

45

 

further exercise thereof or the exercise of any other right. The remedies herein provided are
cumulative and not exclusive of any remedies provided by law.

          Section 8.04. Expenses; Indemnity; Damage Waiver. (a) The Borrower shall pay (i) all
reasonable and documented out-of-pocket expenses incurred by the Agent and its Affiliates,
including the reasonable and documented fees, charges and disbursements of counsel for the Agent
(and reasonable, documented fees and time charges for attorneys who may be employees of the Agent),
in connection with the syndication of the credit facilities provided for herein, the preparation,
negotiation, execution, delivery and administration of this Agreement or any amendments,
modifications or waivers of the provisions hereof or thereof (whether or not the transactions
contemplated hereby or thereby shall be consummated) and (ii) all reasonable and documented
out-of-pocket expenses incurred by the Agent or any Lender, including the reasonable and documented
fees, charges and disbursements of any counsel for the Agent or any Lender (and reasonable and
documented fees and time charges for attorneys who may be employees of the Agent), in connection
with the enforcement or protection of its rights in connection with this Agreement and the Notes,
including its rights under this Section 8.04, or in connection with the Advances made, including
all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in
respect of such Advances.

               (b) The Borrower shall indemnify the Agent (and any sub-agent thereof), each Lender 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 expenses, including the reasonable fees, charges and disbursements
of any counsel for any Indemnitee (and reasonable fees and time charges for attorneys who may be
employees of the Agent or any Lender), incurred by or asserted against any Indemnitee arising out
of, in connection with, or as a result of (i) the execution or delivery of this Agreement or any
agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of
their respective obligations hereunder or the consummation of the transactions contemplated hereby
or thereby, (ii) any actual or alleged presence or release of Hazardous Materials on or from any
property owned or operated by the Borrower or any of its Subsidiaries, or any Environmental Action
related in any way to the Borrower or any of its Subsidiaries, or (iii) 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 the Borrower, any of its shareholders or
creditors, an Indemnitee or any other Person, 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 are determined by a court
of competent jurisdiction by final and nonappealable judgment to have resulted from the gross
negligence or willful misconduct of such Indemnitee or to the extent that, in any action brought by
the Borrower, the Borrower prevails.

               (c) To the extent that the Borrower fails to pay any amount required under paragraph (a) or
(b) of this Section 8.04 to be paid by it to the Agent (or

46

 

any sub-agent thereof) or any Related Party of any of the foregoing, each Lender severally
agrees to pay to the Agent (or any such sub-agent) 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 Agent (or any such sub-agent) in its capacity as such, or
against any Related Party of any of the foregoing acting for the Agent (or any such sub-agent) in
connection with such capacity. The obligations of the Lenders under this paragraph (c) are subject
to the provisions of Section 2.02(e).

               (d) To the fullest extent permitted by applicable law, the Borrower shall not assert, and
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 or any agreement or instrument contemplated
hereby, the transactions contemplated hereby or thereby, any Advance or the use of the proceeds
thereof. No Indemnitee referred to in paragraph (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 transactions contemplated hereby or thereby.

               (e) All amounts due under this Section 8.04 shall be payable promptly after written demand
therefor.

               (f) Without prejudice to the survival of any other agreement of the Borrower hereunder, the
agreements and obligations of the Borrower contained in Sections 2.10, 2.13 and 8.04 shall survive
the payment in full of principal, interest and all other amounts payable hereunder and under the
Notes.

          Section 8.05. Right of Set-off. If an Event of Default shall have occurred and be
continuing, each Lender 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 or
any such Affiliate to or for the credit or the account of the Borrower against any and all of the
obligations of the Borrower now or hereafter existing under this Agreement to such Lender,
irrespective of whether or not such Lender shall have made any demand under this Agreement and
although such obligations of the Borrower may be contingent or unmatured or are owed to a branch or
office of such Lender different from the branch or office holding such deposit or obligated on such
indebtedness. The rights of each Lender and their respective Affiliates under this Section 8.05
are in addition to other rights and remedies (including other rights of setoff) which such Lender
or their respective Affiliates may have. Each Lender agrees promptly to notify the Borrower and

47

 

the Agent after any such setoff and application, provided that the failure to give
such notice shall not affect the validity of such setoff and application.

          Section 8.06. Binding Effect. This Agreement shall become effective when it shall
have been executed by the Agent and when the Agent shall have received counterparts hereof which,
when taken together, bear the signatures of each of the other parties hereto, and thereafter shall
be binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns.

          Section 8.07. Assignments and Participations. (a) 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 paragraph (b) of this Section 8.07, (ii) by way of participation
in accordance with the provisions of paragraph (d) of this Section 8.07 or (iii) by way of pledge
or assignment of a security interest subject to the restrictions of paragraph (f) of this Section
8.07 (and any other attempted assignment or transfer by any party hereto shall be null and void).
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 paragraph (d) of this Section 8.07 and, to the extent
expressly contemplated hereby, the Related Parties of each of the Agent and the Lenders) any legal
or equitable right, remedy or claim under or by reason of this Agreement.

               (b) 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 Advances at the time owing to it); provided that (i) except in the case of an
assignment of the entire remaining amount of the assigning Lender’s Commitment and the Advances at
the time owing to it or 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 Advances outstanding thereunder) or, if the applicable Commitment is not then in
effect, the principal outstanding balance of the Advance of the assigning Lender subject to each
such assignment (determined as of the date the Assignment and Acceptance with respect to such
assignment is delivered to the 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 or an integral multiple of
$1,000,000 in excess thereof, unless each of the Agent and, so long as no Event of Default has
occurred and is continuing, the Borrower otherwise consent (each such consent not to be
unreasonably withheld or delayed and such approval to be deemed to have been given if a response is
not received within fifteen Business Days from the date on which request for approval was received
by the applicable Person); (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 Advance or the Commitment assigned; (iii) any assignment must be approved with the
prior written consent of (A) the Agent and (B) the Borrower (each such approval not to

48

 

be unreasonably withheld or delayed); provided that no consent of the Borrower shall
be required for an assignment to a Lender, an Affiliate of a Lender, an Approved Fund or, if an
Event of Default has occurred and is continuing; (iv) the parties to each assignment shall (1)
electronically execute and deliver to the Agent an Assignment and Acceptance via an electronic
settlement system acceptable to the Agent or (2) manually execute and deliver to the Agent an
Assignment and Acceptance, together with a processing and recordation fee of $3,500;
provided that only one such fee shall be payable in connection with simultaneous
assignments to or by two or more Approved Funds; and (v) the Eligible Assignee, if it shall not be
a Lender, shall deliver to the Agent an Administrative Questionnaire and if required, applicable
tax forms.

          Subject to acceptance and recording thereof by the Agent pursuant to paragraph (c) of this
Section 8.07, from and after the effective date specified in each Assignment and Acceptance, the
Eligible Assignee thereunder shall be a party to this Agreement and, to the extent of the interest
assigned by such Assignment and Acceptance, 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 Acceptance, be released from its obligations under this Agreement (and, in the
case of an Assignment and Acceptance 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 2.10, 2.13 and 8.04 with respect to facts and circumstances
occurring prior to the effective date of such assignment. Any assignment or transfer by a Lender
of rights or obligations under this Agreement that does not comply with this paragraph 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 paragraph (d) of this Section 8.07.

               (c) The Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at
one of its offices in New York a copy of each Assignment and Acceptance delivered to it and a
register for the recordation of the names and addresses of the Lenders, and the Commitments of, and
principal amounts of the Advances owing to, each Lender pursuant to the terms hereof from time to
time (the “Register”). The entries in the Register shall be conclusive, and the Borrower,
the Agent and the Lenders may treat each Person whose name is recorded in the Register pursuant to
the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice
to the contrary. The Register shall be available for inspection by the Borrower at any reasonable
time and from time to time upon reasonable prior notice. Upon its receipt of a duly completed
Assignment and Acceptance executed by an assigning Lender and an assignee, the assignee’s completed
Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the
processing and recordation fee referred to in paragraph (b) of this Section 8.07 and any written
consent to such assignment required by paragraph (b) of this Section 8.07, the Agent shall accept
such Assignment and Assumption and record the information contained therein in the Register. No
assignment shall be effective for purposes of this Agreement unless it has been recorded in the
Register as provided in this paragraph.

49

 

               (d) Any Lender may at any time, without the consent of, or notice to, the Borrower or the
Agent, sell participations to any Person (other than a natural person or the Borrower or any of the
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 Advances owing to it); provided that (i) such Lender’s obligations
under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to
the other parties hereto for the performance of such obligations and (iii) the Borrower, the Agent
and the other Lenders shall continue to deal solely and directly with such Lender in connection
with such Lender’s rights and obligations under this Agreement. Any agreement or instrument
pursuant to which a Lender sells such a participation shall provide that such Lender shall retain
the sole right to enforce this Agreement and to approve any amendment, modification or waiver of
any provision of this Agreement; provided that such agreement or instrument may provide
that such Lender will not, without the consent of the Participant, agree to any amendment,
modification or waiver with respect to (A) reducing the principal of, or interest on, the Advances
made by such Lender or any fees or other amounts payable hereunder to such Lender, (B) postponing
any date fixed for any payment of interest on the Advances made by such Lender or any fees or other
amounts payable hereunder to such Lender that affects such Participant or (c) extending the
Termination Date. Subject to paragraph (e) of this Section 8.07, the Borrower agrees that each
Participant shall be entitled to the benefits of Sections 2.10 and 2.13 to the same extent as if it
were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section
8.07. To the extent permitted by law, each Participant also shall be entitled to the benefits of
Section 8.05 as though it were a Lender, provided such Participant agrees to be subject to Section
2.15 as though it were a Lender.

               (e) A Participant shall not be entitled to receive any greater payment under Sections 2.10 and
2.13 than the applicable Lender would have been entitled to receive with respect to the
participation sold to such Participant, unless the sale of the participation to such Participant is
made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it
were a Lender shall not be entitled to the benefits of Section 2.13 unless the Borrower is notified
of the participation sold to such Participant and such Participant agrees, for the benefit of the
Borrower, to comply with Section 2.13(e) as though it were a Lender.

               (f) Any Lender may at any time pledge or assign a security interest in all or any portion of
its rights under this Agreement to secure obligations of such Lender, including without limitation
any pledge or assignment to secure obligations to a Federal Reserve Bank; 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. Notwithstanding
anything to the contrary contained herein, any Lender that is a Fund may create a security interest
in all or any portion of the Advances owing to it and the Notes, if any, held by it to the trustee
for holders of obligations owed, or securities issued, by such Fund as security for such
obligations or securities, provided that unless and until such trustee actually becomes a
Lender in compliance with the other provisions of this Section 8.07, (i) no such pledge shall
release the pledging Lender from any of its obligations under this Agreement and (ii) such trustee

50

 

shall not be entitled to exercise any of the rights of a Lender under this Agreement and the
Notes even though such trustee may have acquired ownership rights with respect to the pledged
interest through foreclosure or otherwise.

               (g) Notwithstanding anything to the contrary contained herein, any Lender (a “Granting
Lender”) may grant to a special purpose funding vehicle (a “SPC”), identified as such
in writing from time to time by the Granting Lender to the Agent and the Borrower, the option to
provide to the Borrower all or any part of any Advance that such Granting Lender would otherwise be
obligated to make the Borrower pursuant to this Agreement; provided that (i)
nothing herein shall constitute a commitment by any SPC to make any Advance, (ii) if an SPC elects
not to exercise such option or otherwise fails to provided all or any part of such Advance, the
Granting Lender shall be obligated to make such Advance pursuant to the terms hereof. The making
of an Advance by an SPC hereunder shall utilize the Commitment of the Granting Lender to the same
extent, and as if, such Advance were made by such Granting Lender. Each party hereto hereby agrees
that no SPC shall be liable for any indemnity or similar payment obligation under this Agreement
(all liability for which shall remain with the Granting Lender). In furtherance of the foregoing,
each party hereto hereby agrees (which agreement shall survive the termination of this Agreement)
that, prior to the date that is one year and one day after the payment in full of all outstanding
commercial paper or other senior indebtedness of any SPC, it will not institute against, or join
any other person in instituting against, such SPC any bankruptcy, reorganization, arrangement,
insolvency or liquidation proceedings under the laws of the United States or any State thereof. In
addition, notwithstanding anything to the contrary contained in this Section 8.07, any SPC may (i)
with notice to, but without the prior written consent of, the Borrower and the Agent and without
paying any processing fee therefore, assign all or a portion of its interests in any Advances to
the Granting Lender or to any financial institutions (consented to by the Borrower and Agent)
providing liquidity and/or credit support to or for the account of such SPC to support the funding
or maintenance of Advances and (ii) disclose on a confidential basis any non-public information
relating to its Advances to any rating agency, commercial paper dealer or provider of any surety,
guarantee or credit or liquidity enhancement to such SPC. This Section 8.07 may not be amended
without the written consent of each SPC that holds any Loans at the time of the proposed amendment.

               (h) Notwithstanding the foregoing to the contrary, the Borrower shall not have the right to
assign its rights hereunder or any interest herein without the prior written consent of each Lender
and the Agent.

          Section 8.08. Governing Law. This Agreement and the Notes shall be governed by, and
construed in accordance with, the laws of the State of New York.

51

 

          Section 8.09. Counterparts; Integration; Electronic Execution. (a) 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 any separate letter agreements
with respect to fees payable to the Agent 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. Delivery of an executed counterpart of a
signature page of this Agreement or any document or instrument delivered in connection herewith by
telecopy shall be effective as delivery of a manually executed counterpart of this Agreement or
such other document or instrument, as applicable.

               (b) The words “execution,” “signed,” “signature,” and words of like import in any Assignment
and Acceptance 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.

          Section 8.10. Jurisdiction, Etc. (a) The Borrower 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 City and of the United States District Court sitting in New York
City, and any appellate court from any thereof, in any action or proceeding arising out of or
relating to this Agreement 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 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 the Notes or in any shall affect any right that the Agent or any Lender may otherwise
have to bring any action or proceeding relating to this Agreement or the Notes against the Borrower
or its properties in the courts of any jurisdiction.

               (b) The Borrower irrevocably and unconditionally waives, to the fullest extent permitted by
applicable law, any objection which 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 the Notes in any court
referred to in paragraph (a) of this Section 8.10. 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.

               (c) Each party hereto irrevocably consents to service of process in the manner provided for
notices in Section 8.02. Nothing in this Agreement will affect

52

 

the right of any party hereto to serve process in any other manner permitted by applicable
law.

          Section 8.11. 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 THE NOTES
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 NOTES BY, AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

          Section 8.12. Confidentiality. Each of the Agent and the Lenders agrees to maintain
the confidentiality of the Information (as defined below), except that Information may be disclosed
(a) to it, its Affiliates’ and their respective partners, directors, officers, employees, advisors
and representatives (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 (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, (e) in connection with the exercise of any remedies hereunder or under
the Notes or any action or proceeding relating to this Agreement or the Notes or the enforcement of
rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the
same as those of this Section 8.12, 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 Borrower and its obligations, (g) with the consent of the Borrower (such consent not to be
unreasonably withheld or delayed) or (h) to the extent such Information (x) becomes publicly
available other than as a result of a breach of this Section 8.12 or (y) becomes available to the
Agent or any Lender on a nonconfidential basis from a source other than the Borrower.

          For purposes of this Section 8.12, “Information” means all information received from
(or on behalf of) the Borrower or any of its Subsidiaries relating to the Borrower or any of its
Subsidiaries or any of their respective businesses, other than any such information that is
available to the Agent or any Lender on a nonconfidential basis

53

 

prior to disclosure by the Borrower, provided that, in the case of information
received from the Borrower after the date hereof, such information is clearly identified at the
time of delivery as confidential. Any Person required to maintain the confidentiality of
Information as provided in this Section 8.12 shall be considered to have complied with its
obligation to do so if such Person has exercised the same degree of care to maintain the
confidentiality of such Information as such Person would accord to its own confidential
information.

          Notwithstanding anything herein to the contrary, the Agent and each Lender (and each employee,
representative, or other agent of the Agent and each Lender) may disclose to any and all persons,
without limitation of any kind, the tax treatment and tax structure of the transaction contemplated
hereby and all materials of any kind (including opinions or other tax analyses) that are provided
to the Agent or such Lender relating to such tax treatment and tax structure, except that with
respect to any document or similar item that in either case contains information concerning the tax
treatment or tax structure of the transaction contemplated hereby as well as other Information,
this sentence shall only apply to such portions of the document or similar item that relate to the
tax treatment or tax structure of the transaction contemplated hereby. For this purpose, the tax
treatment of the transaction contemplated hereby is the purported or claimed U.S. federal or state
income tax treatment of the transaction contemplated hereby and the tax structure of the
transaction contemplated hereby is any fact that may be relevant to understanding the purported or
claimed U.S. federal or state income tax treatment of the transaction contemplated hereby.

          Section 8.13. Patriot Act Notice. Each Lender and the Agent (for itself and not on
behalf of any Lender) hereby notifies the Borrower that pursuant to the requirements of the Patriot
Act, it is required to obtain, verify and record information that identifies the Borrower, which
information includes the name and address of the Borrower and other information that will allow
such Lender or the Agent, as applicable, to identify the Borrower in accordance with the Patriot
Act. The Borrower shall provide, to the extent commercially reasonable, such information and take
such actions as are reasonably requested by the Agent or any Lenders in order to assist the Agent
and the Lenders in maintaining compliance with the Patriot Act.

[Remainder of page intentionally left blank]

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

	 	 	 	 	 
	 	 	ORACLE CORPORATION
	 
	 	 	 	 
	 
	 	 	 	 
	

	 	By
	 	 
	

	 	 	 	 
	

	 	 	 	Title:

 

 

	 	 	 	 	 
	 	 	WACHOVIA BANK, NATIONAL
ASSOCIATION, as
Administrative Agent
and as a Lender
	 
	 	 	 	 
	 
	 	 	 	 
	

	 	By
	 	 
	

	 	 	 	 
	

	 	 	 	Title:

 

 

	 	 	 	 	 
	 	 	CREDIT SUISSE FIRST BOSTON, acting
 through its
New York branch, as

Syndication Agent and as a Lender
	 
	 	 	 	 
	 
	 	 	 	 
	

	 	By
	 	 
	

	 	 	 	 
	

	 	 	 	Title:

 

 

	 	 	 	 	 
	 	 	[NAME OF LENDER]
	 
	 	 	 	 
	 
	 	 	 	 
	

	 	By
	 	 
	

	 	 	 	 
	

	 	 	 	Title:

 

 

Schedule 1

	 	 	 	 	 	 	 	 	 
	 
	 	Lender	 	 	Domestic Lending Office	 	 	Eurodollar Lending Office	 
	 	ABN AMRO Bank N.V.

	 	 	540 West Madison Street

Suite 2621

Chicago, IL 60661

Attn: Kymm Recht

F: 312 992-5111
	 	 	540 West Madison Street

Suite 2621

Chicago, IL 60661

Attn: Kymm Recht

F: 312 992-5111	 
	 	Australian and New Zealand

Banking Group Limited
	 	 	 	 	 	 	 
	 	Banca di Roma SpA

	 	 	34 East 51st Street

New York, NY 10022

T: 212 407-1730

F: 212 407-1623

Attn: Margaret Delay

	 	 	34 East 51st Street

New York, NY 10022

T: 212 407-1730

F: 212 407-1623

Attn: Margaret Delay	 
	 	Bank of America, N.A.

	 	 	1850 Gateway Blvd.

Concord, CA 94520

Attn: Anna Maria Finn

T: 925 675-8312

F: 888 969-9238
	 	 	1850 Gateway Blvd.

Concord, CA 94520

Attn: Anna Maria Finn

T: 925 675-8312

F: 888 969-9238	 
	 	The Bank of Tokyo-

Mitsubishi, Ltd. New York
Branch

	 	 	1251 Avenue of Americas, 12th Floor

New York, NY 10020

Attn: Rolando Uy

T: 201 413-8570

F: 201 521-2304
	 	 	1251 Avenue of Americas, 12th Floor

New York, NY 10020

Attn: Rolando Uy

T: 201 413-8570

F: 201 521-2304	 
	 	BNP Paribas

	 	 	919 3rd Avenue

New York, NY 10022

T: 212 471-6626

F: 212 841-2682

Attn: Gabriel Cadamo
	 	 	919 3rd Avenue

New York, NY 10022

T: 212 471-6626

F: 212 841-2682

Attn: Gabriel Cadamo	 
	 	Citcorp USA, Inc.

	 	 	Two Penns Way, Suite 110

New Castle, DE 19720

T: 302 894-6089

F: 212-994-0847

Attn: Carolyn Figueroa
	 	 	Two Penns Way, Suite 110

New Castle, DE 19720

T: 302 894-6089

F: 212-994-0847

Attn: Carolyn Figueroa	 
	 	Credit Suisse First Boston

	 	 	One Madison Avenue

New York, NY 10010

Attn: Ed Markowski

T: 212 583-3380

F: 212 538-6851
	 	 	One Madison Avenue

New York, NY 10010

Attn: Ed Markowski

T: 212 583-3380

F: 212 538-6851	 
	 	Deutsche Bank AG New York

Branch

	 	 	90 Hudson Street

Jersey City, NJ 07302

T: 201 593-2183

F: 201 593-2313

Attn: Victor Colon
	 	 	90 Hudson Street

Jersey City, NJ 07302

T: 201 593-2183

F: 201 593-2313

Attn: Victor Colon	 
	 

 

 

	 	 	 	 	 	 	 	 	 
	 
	 	Lender	 	 	Domestic Lending Office	 	 	Eurodollar Lending Office	 
	 	HSBC Bank USA, National

Association

	 	 	One HSBC Center, 26th Floor

Buffalo, NY 14203

Attn: Donna riley

T: 716 841-4178

F: 716 841-0259
	 	 	One HSBC Center, 26th Floor

Buffalo, NY 14203

Attn: Donna riley

T: 716 841-4178

F: 716 841-0259	 
	 	JPMorgan Chase Bank N.A.

	 	 	1111 Fannin Street, 10th floor

Houston, TX 77002

T: 713 750-7932

F: 713 750-2358

Attn: MaryAnn Bui
	 	 	1111 Fannin Street, 10th floor

Houston, TX 77002

T: 713 750-7932

F: 713 750-2358

Attn: MaryAnn Bui	 
	 	Keybank National Association

	 	 	127 Public Square, 6th Floor

Cleveland, OH 44114

Attn: Margaret Vacca

T: 216 689-3580

F: 216 689-3962
	 	 	127 Public Square, 6th Floor

Cleveland, OH 44114

Attn: Margaret Vacca

T: 216 689-3580

F: 216 689-3962	 
	 	Lehman Brothers Bank, FSB

	 	 	745 7th Avenue, 16th Floor

New York, NY 10019

T: 212 526-6560

F: 212 520-0450

Attn: Wendy Lau
	 	 	745 7th Avenue, 16th Floor

New York, NY 10019

T: 212 526-6560

F: 212 520-0450

Attn: Wendy Lau	 
	 	Lloyds TSB Bank plc

	 	 	1251 Avenue of the Americas, 39th
Floor

New York, NY 10020

T: 212 930-8914

F: 212 930-5098

Attn: Patricia Kilian
	 	 	1251 Avenue of the Americas, 39th
Floor

New York, NY 10020

T: 212 930-8914

F: 212 930-5098

Attn: Patricia Kilian	 
	 	Merrill Lynch Bank USA

	 	 	15 W. South Temple, Suite 300

Salt Lake City, UT 84101

T: 801 526-8331

F: 801 359-4667

Attn: Julie Young
	 	 	15 W. South Temple, Suite 300

Salt Lake City, UT 84101

T: 801 526-8331

F: 801 359-4667

Attn: Julie Young	 
	 	Mizuho Corporate Bank, Ltd.

	 	 	1800 Plaza Ten

Harborside Financial Center

Jersey City, NJ 07311

Attn: Hemma Divita

T: 201 626-9142

F: 201 626-9941
	 	 	1800 Plaza Ten

Harborside Financial Center

Jersey City, NJ 07311

Attn: Hemma Divita

T: 201 626-9142

F: 201 626-9941	 
	 	Royal Bank of Canada

	 	 	One Liberty Plaza, 3rd Floor

New York, New York 10006-1404

T: 212 428-6369

F: 212 428-2372

Attn: Manager, Loans Administration

With a copy to:

One Liberty Plaza, 3rd Floor

New York, New York 10006-1404

Attention: S. Babich-Allegra
	 	 	One Liberty Plaza, 3rd Floor

New York, New York 10006-1404

T: 212 428-6369

F: 212 428-2372

Attn: Manager, Loans Administration

With a copy to:

One Liberty Plaza, 3rd Floor

New York, New York 10006-1404

Attention: S. Babich-Allegra	 
	 	Shinsei Bank, Limited
	 	 	 	 	 	 	 
	 

 

 

	 	 	 	 	 	 	 	 	 
	 
	 	Lender	 	 	Domestic Lending Office	 	 	Eurodollar Lending Office	 
	 	Societe Generale

	 	 	560 Lexington Avenue

New York, NY 10022

T: 212 278-6164

F: 212 278-7490

Attn: Nancy Kui
	 	 	560 Lexington Avenue

New York, NY 10022

T: 212 278-6164

F: 212 278-7490

Attn: Nancy Kui	 
	 	UFJ Bank Limited

	 	 	55 East 52nd Street

New York, NY 10055

P: 212 339-6392

F: 212 754-2368

Attn: Marlin Chin
	 	 	55 East 52nd Street

New York, NY 10055

P: 212 339-6392

F: 212 754-2368

Attn: Marlin Chin	 
	 	Union Bank of California,

N.A.
	 	 	 	 	 	 	 
	 	U.S. Bank, National

Association
	 	 	 	 	 	 	 
	 	Wachovia Bank, national

Association

	 	 	301 South College Street

Charlotte, NC 28288

Attn: Agency Services

T: 704 374-2698

F: 704 383-0288
	 	 	301 South College Street

Charlotte, NC 28288

Attn: Agency Services

T: 704 374-2698

F: 704 383-0288	 
	 	Wells Fargo Bank, National

Association

	 	 	201 Third Street, 8th Floor

San Francisco, CA 94163

Attn: Rosanna Roxas

T: 415 477-5425

F: 415 979-0675
	 	 	201 Third Street, 8th Floor

San Francisco, CA 94163

Attn: Rosanna Roxas

T: 415 477-5425

F: 415 979-0675	 
	 

 

 

Schedule 2

COMMITMENTS

	 	 	 	 	 	 
	 	Wachovia Bank, National

Association, as Administrative

Agent and as a Lender

 

	 	 	 $200,000,000 	 
	 	Credit Suisse First Boston, as

Syndication Agent and as a

Lender

 

	 	 	 $ 200,000,000 	 
	 	ABN AMRO Bank N.V., as

Syndication Agent and as a
Lender

 

	 	 	 $ 170,000,000 	 
	 	Bank of America, N.A., as

Documentation Agent and as a

Lender
 

	 	 	 $ 170,000,000 	 
	 	Deutsche Bank Securities, Inc., as

Documentation Agent
 

	 	 	 $ 0 	 
	 	Deutsche Bank AG New York

Branch, as a Lender
 

	 	 	 $ 170,000,000 	 
	 	HSBC Bank USA, National

Association, as Managing Agent

and as a Lender
 

	 	 	 $ 170,000,000 	 
	 	KeyBank, National Association,

as Managing Agent and as a
Lender
 

	 	 	 $ 170,000,000 	 
	 	Mizuho Corporate Bank, Ltd., as

Managing Agent and as a Lender
 

	 	 	 $ 170,000,000 	 
	 	Wells Fargo Bank, National

Association, as Managing Agent

and as a Lender
 

	 	 	 $ 170,000,000 	 
	 	Citicorp USA, Inc., as Managing

Agent and as a Lender
 

	 	 	 $ 170,000,000 	 
	 	BNP Paribas, as Managing Agent

and as a Lender
 

	 	 	 $ 170,000,000 	 
	 

 

 

	 	 	 	 	 	 
	 	JPMorgan Chase Bank, N.A., as a

Lender
 

	 	 	 $ 150,000,000 	 
	 	UFJ Bank Limited, as a Lender
 

	 	 	 $ 150,000,000 	 
	 	The Bank of Tokyo-Mitsubishi,

Ltd., New York Branch, as

Managing Agent and as a Lender
 

	 	 	 $ 113,333,333 	 
	 	Australian and New Zealand

Banking Group Limited, as a
Lender
 

	 	 	 $ 100,000,000 	 
	 	Societe Generale, as a Lender
 

	 	 	 $ 100,000,000 	 
	 	Lloyds TSB Bank plc, as a

Lender
 

	 	 	 $ 100,000,000 	 
	 	Union Bank of California, N.A.,

as Managing Agent and as a

Lender
 

	 	 	 $ 56,666,667 	 
	 	Royal Bank of Canada, as a
Lender
 

	 	 	 $ 50,000,000 	 
	 	Banca di Roma SpA, as a Lender
 

	 	 	 $ 50,000,000 	 
	 	U.S. Bank, National Association,

as a Lender
 

	 	 	 $ 50,000,000 	 
	 	Merrill Lynch Bank USA, as a

Lender
 

	 	 	 $ 50,000,000 	 
	 	Lehman Brothers Bank, FSB, as a
Lender
 

	 	 	 $ 50,000,000 	 
	 	Shinsei Bank, Limited, as a

Lender
 

	 	 	 $ 50,000,000 	 
	 	Total

 

	 	 	 $3,000,000,000 	 
	 

 

 

Schedule 5.02(a)

EXISTING LIENS

See attached.

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