Document:

exv10w1

Exhibit 10.1

 

 

LOAN AGREEMENT

Dated as of July 7, 2009

among

THE FINANCIAL INSTITUTIONS NAMED HEREIN,

as Lenders,

BANK OF AMERICA, N. A.,

as Administrative Agent, Collateral Agent and Security Trustee,

BANC OF AMERICA SECURITIES LLC,

WACHOVIA CAPITAL MARKETS, LLC,

UBS SECURITIES LLC and

SUNTRUST ROBINSON HUMPHREY, INC.,

as Joint Lead Arrangers and Joint Book Runners,

WELLS FARGO FOOTHILL, LLC,

as Syndication Agent,

UBS SECURITIES LLC,

SUNTRUST BANK and

RBS BUSINESS CAPITAL, A DIVISION OF RBS ASSET FINANCE, INC., A SUBSIDIARY OF RBS CITIZENS, NA,

as Co-Documentation Agents,

COMMERCIAL BARGE LINE COMPANY,

AMERICAN COMMERCIAL LINES LLC,

ACL TRANSPORTATION SERVICES LLC and

JEFFBOAT LLC,

as Borrowers,

and

THE OTHER OBLIGATED PARTY SIGNATORIES HERETO

 

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 
	 	 	 	 	 	 
	ARTICLE I DEFINITIONS	 	 	2	 
	 
	 	 	 	 	 	 
	SECTION 1.01
	 	Defined Terms	 	 	2	 
	SECTION 1.02
	 	Terms and Interpretation Generally	 	 	34	 
	SECTION 1.03
	 	Accounting Terms; GAAP	 	 	34	 
	 
	 	 	 	 	 	 
	ARTICLE II THE LOANS	 	 	34	 
	 
	 	 	 	 	 	 
	SECTION 2.01
	 	Loans	 	 	34	 
	SECTION 2.02
	 	Continuation and Conversion Elections	 	 	38	 
	SECTION 2.03
	 	Letters of Credit	 	 	39	 
	SECTION 2.04
	 	Bank Products	 	 	43	 
	SECTION 2.05
	 	Mandatory Prepayments	 	 	43	 
	SECTION 2.06
	 	Interest	 	 	44	 
	SECTION 2.07
	 	Use of Proceeds	 	 	45	 
	SECTION 2.08
	 	Increased Costs	 	 	45	 
	SECTION 2.09
	 	Break Funding Payments	 	 	46	 
	SECTION 2.10
	 	Taxes	 	 	46	 
	SECTION 2.11
	 	Payments Generally; Pro Rata Treatment; Sharing of Set-offs	 	 	47	 
	SECTION 2.12
	 	Mitigation Obligations; Replacement of Lenders	 	 	51	 
	SECTION 2.13
	 	Fees	 	 	51	 
	SECTION 2.14
	 	Inability to Determine Rate	 	 	53	 
	 
	 	 	 	 	 	 
	ARTICLE III REPRESENTATIONS AND WARRANTIES	 	 	53	 
	 
	 	 	 	 	 	 
	SECTION 3.01
	 	Organization; Powers	 	 	53	 
	SECTION 3.02
	 	Authorization	 	 	53	 
	SECTION 3.03
	 	Enforceability	 	 	54	 
	SECTION 3.04
	 	Governmental Approvals	 	 	54	 
	SECTION 3.05
	 	Financial Statements and Projections	 	 	54	 
	SECTION 3.06
	 	No Material Adverse Change	 	 	54	 
	SECTION 3.07
	 	Title to Properties; Possession Under Leases	 	 	54	 
	SECTION 3.08
	 	Subsidiaries	 	 	55	 
	SECTION 3.09
	 	Litigation; Compliance with Laws	 	 	55	 
	SECTION 3.10
	 	Agreements	 	 	55	 
	SECTION 3.11
	 	Federal Reserve Regulations	 	 	56	 
	SECTION 3.12
	 	Investment Company Act	 	 	56	 
	SECTION 3.13
	 	Tax Returns	 	 	56	 
	SECTION 3.14
	 	No Material Misstatements	 	 	56	 
	SECTION 3.15
	 	ERISA	 	 	56	 
	SECTION 3.16
	 	Environmental Matters	 	 	56	 
	SECTION 3.17
	 	Insurance	 	 	57	 

(i)

 

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 	 	 	 	 	 
	SECTION 3.18
	 	Security Documents	 	 	57	 
	SECTION 3.19
	 	Location of Real Property, Drydocks and Leased Premises and List of Vessels	 	 	58	 
	SECTION 3.20
	 	Labor Matters	 	 	58	 
	SECTION 3.21
	 	Solvency	 	 	59	 
	SECTION 3.22
	 	Bank Accounts	 	 	59	 
	SECTION 3.23
	 	Common Enterprise	 	 	59	 
	 
	 	 	 	 	 	 
	ARTICLE IV CONDITIONS OF LENDING	 	 	59	 
	 
	 	 	 	 	 	 
	SECTION 4.01
	 	Conditions Precedent to Closing	 	 	59	 
	SECTION 4.02
	 	Conditions Precedent to Each Loan	 	 	61	 
	 
	 	 	 	 	 	 
	ARTICLE V AFFIRMATIVE COVENANTS	 	 	62	 
	 
	 	 	 	 	 	 
	SECTION 5.01
	 	Existence; Businesses and Properties	 	 	62	 
	SECTION 5.02
	 	Insurance	 	 	63	 
	SECTION 5.03
	 	Obligations and Taxes	 	 	64	 
	SECTION 5.04
	 	Financial Statements, Reports, etc.	 	 	64	 
	SECTION 5.05
	 	Litigation and Other Notices	 	 	66	 
	SECTION 5.06
	 	Maintaining Records; Access to Properties and Inspections	 	 	67	 
	SECTION 5.07
	 	Compliance with Environmental Laws	 	 	68	 
	SECTION 5.08
	 	Preparation of Environmental Reports	 	 	68	 
	SECTION 5.09
	 	Landlords and Bailees	 	 	68	 
	SECTION 5.10
	 	Unused Availability	 	 	68	 
	SECTION 5.11
	 	Further Assurances	 	 	68	 
	 
	 	 	 	 	 	 
	ARTICLE VI NEGATIVE COVENANTS	 	 	69	 
	 
	 	 	 	 	 	 
	SECTION 6.01
	 	Indebtedness	 	 	69	 
	SECTION 6.02
	 	Liens	 	 	70	 
	SECTION 6.03
	 	Investments, Loans and Advances	 	 	72	 
	SECTION 6.04
	 	Mergers, Consolidations, Sales of Assets and Acquisitions	 	 	74	 
	SECTION 6.05
	 	Dividends and Distributions; Restrictions on Ability to Pay Dividends	 	 	75	 
	SECTION 6.06
	 	Transactions with Affiliates	 	 	76	 
	SECTION 6.07
	 	Business of Obligated Parties and Subsidiaries	 	 	76	 
	SECTION 6.08
	 	Other Indebtedness and Agreements	 	 	76	 
	SECTION 6.09
	 	Consolidated First Lien Leverage Ratio	 	 	77	 
	SECTION 6.10
	 	Consolidated Fixed Charge Coverage Ratio	 	 	77	 
	 
	 	 	 	 	 	 
	ARTICLE VII EVENTS OF DEFAULT	 	 	77	 
	 
	 	 	 	 	 	 
	SECTION 7.01
	 	Events of Default	 	 	77	 
	SECTION 7.02
	 	Remedies	 	 	79	 
	 
	 	 	 	 	 	 
	ARTICLE VIII THE AGENT AND SECURITY TRUSTEE	 	 	83	 
	 
	 	 	 	 	 	 
	SECTION 8.01
	 	Appointment and Authorization	 	 	83	 

(ii)

 

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 	 	 	 	 	 
	SECTION 8.02
	 	Delegation of Duties	 	 	84	 
	SECTION 8.03
	 	Liability of the Agent and the Security Trustee	 	 	84	 
	SECTION 8.04
	 	Reliance by the Agent and the Security Trustee	 	 	84	 
	SECTION 8.05
	 	Notice of Default	 	 	85	 
	SECTION 8.06
	 	Credit Decision	 	 	85	 
	SECTION 8.07
	 	Indemnification	 	 	86	 
	SECTION 8.08
	 	The Agent and the Security Trustee in its Individual Capacity	 	 	86	 
	SECTION 8.09
	 	Successor Agent	 	 	87	 
	SECTION 8.10
	 	Collateral Matters	 	 	87	 
	SECTION 8.11
	 	Restrictions on Actions by Lenders; Sharing of Payments	 	 	89	 
	SECTION 8.12
	 	Agency for Perfection	 	 	89	 
	SECTION 8.13
	 	Payments by Agent to the Lenders	 	 	89	 
	SECTION 8.14
	 	Settlement	 	 	90	 
	SECTION 8.15
	 	Letters of Credit; Intra-Lender Issues	 	 	93	 
	SECTION 8.16
	 	Concerning the Collateral and the Related Loan Documents	 	 	95	 
	SECTION 8.17
	 	Field Audit and Examination Reports; Disclaimer by Lenders	 	 	95	 
	SECTION 8.18
	 	Relation Among the Lenders	 	 	96	 
	SECTION 8.19
	 	Joint Lead Arrangers	 	 	96	 
	SECTION 8.20
	 	Joint Book Runners	 	 	96	 
	SECTION 8.21
	 	Syndication Agent	 	 	96	 
	SECTION 8.22
	 	Co-Documentation Agents	 	 	96	 
	 
	 	 	 	 	 	 
	ARTICLE IX MISCELLANEOUS	 	 	97	 
	 
	 	 	 	 	 	 
	SECTION 9.01
	 	[RESERVED]	 	 	97	 
	SECTION 9.02
	 	Notices	 	 	97	 
	SECTION 9.03
	 	Waivers; Amendments	 	 	99	 
	SECTION 9.04
	 	Expenses; Indemnity; Damage Waiver	 	 	101	 
	SECTION 9.05
	 	Successors and Assigns	 	 	104	 
	SECTION 9.06
	 	Survival	 	 	107	 
	SECTION 9.07
	 	Counterparts; Integration; Effectiveness	 	 	107	 
	SECTION 9.08
	 	Severability	 	 	107	 
	SECTION 9.09
	 	Right of Setoff	 	 	107	 
	SECTION 9.10
	 	Governing Law; Jurisdiction; Consent to Service of Process	 	 	107	 
	SECTION 9.11
	 	WAIVER OF JURY TRIAL	 	 	108	 
	SECTION 9.12
	 	Headings	 	 	108	 
	SECTION 9.13
	 	Confidentiality	 	 	108	 
	SECTION 9.14
	 	Interest Rate Limitation	 	 	109	 
	SECTION 9.15
	 	USA PATRIOT ACT	 	 	109	 
	SECTION 9.16
	 	Limitation of Liability	 	 	109	 
	SECTION 9.17
	 	Final Agreement	 	 	110	 
	SECTION 9.18
	 	Joint and Several Liability	 	 	110	 
	SECTION 9.19
	 	Contribution and Indemnification among the Borrowers	 	 	111	 
	SECTION 9.20
	 	Agency of ACL for the Obligated Parties	 	 	112	 
	SECTION 9.21
	 	Additional Borrowers and Guarantors	 	 	112	 
	SECTION 9.22
	 	Express Waivers By Obligated Parties In Respect of Cross Guaranties and Cross Collateralization	 	 	 	 
	 
	 		 	 	112	 

(iii)

 

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 	 	 	 	 	 
	ARTICLE X TERM AND TERMINATION	 	 	113	 
	 
	 	 	 	 	 	 
	SECTION 10.01
	 	Term	 	 	113	 
	SECTION 10.02
	 	Effect of Termination	 	 	114	 

(iv)

 

SCHEDULE:

	 	 	 
	Schedule 1.01(A)

	 	Commitments

EXHIBITS:

	 	 	 
	Exhibit A

	 	Form of Assignment and Acceptance
	Exhibit B

	 	Form of Opinion of Borrowers’ Counsel
	Exhibit C

	 	Form of Security Agreement
	Exhibit C-1

	 	Form of Fleet Mortgage
	Exhibit D

	 	Form of Guaranty Agreement
	Exhibit E

	 	Form of Pledge Agreement
	Exhibit F

	 	Form of Revolving Loan Note
	Exhibit G

	 	Form of Notice of Conversion/Continuation
	Exhibit H

	 	Form of Lender’s Loss Payable Endorsement
	Exhibit I

	 	Form of Notice of Borrowing

-i-

 

     This LOAN AGREEMENT, dated as of July 7, 2009, is among the lending institutions from time to
time party hereto (such financial institutions, together with their respective successors and
assigns, are referred to hereinafter each individually as a “Lender” and collectively as
the “Lenders”, as hereinafter further defined), BANK OF AMERICA, N.A., as administrative
agent and collateral agent for the Lenders (in its capacity as administrative agent and collateral
agent, the “Agent”, as hereinafter further defined) and as security trustee (in such
capacity, the “Security Trustee”, as hereinafter further defined), BANC OF AMERICA
SECURITIES LLC, WACHOVIA CAPITAL MARKETS, LLC, UBS SECURITIES LLC and SUNTRUST ROBINSON HUMPHREY,
INC., as joint lead arrangers for the Lenders (in their respective capacities as joint lead
arrangers, the “Joint Lead Arrangers”), BANC OF AMERICA SECURITIES LLC, WACHOVIA CAPITAL
MARKETS, LLC, UBS SECURITIES LLC and SUNTRUST ROBINSON HUMPHREY, INC., as joint book runners for
the Lenders (in their respective capacities as joint book runners, the “Joint Book
Runners”), WELLS FARGO FOOTHILL, LLC, as syndication agent for the Lenders (in its capacity as
syndication agent, the “Syndication Agent”), UBS SECURITIES LLC, SUNTRUST BANK and RBS
BUSINESS CAPITAL, A DIVISION OF RBS ASSET FINANCE, INC., A SUBSIDIARY OF RBS CITIZENS, NA, as
co-documentation agents for the Lenders (in their respective capacities as co-documentation agents,
the “Co-Documentation Agents”), COMMERCIAL BARGE LINE COMPANY, a corporation formed under
the laws of Delaware (“CBL”), AMERICAN COMMERCIAL LINES LLC, a limited liability company
formed under the laws of Delaware (“ACL”), ACL TRANSPORTATION SERVICES LLC, a limited
liability company formed under the laws of Delaware (“ACLTS”) and JEFFBOAT LLC, a limited
liability company formed under the laws of Delaware (“ Jeffboat”; and together with CBL,
ACL and ACLTS, each, individually a “Borrower” and collectively, the “Borrowers”,
as hereinafter further defined), and each of the other Obligated Parties (as hereinafter defined)
signatory to this Agreement.

     A. Borrowers and certain of their subsidiaries, Wells Fargo Bank, National Association, as
administrative agent, and certain financial institutions as lenders thereunder are parties to that
certain Credit Agreement, dated as of April 27, 2007 (as amended or otherwise modified, the
“Existing Loan Agreement”);

     B. Borrowers have requested the Lenders to make available a revolving line of credit for loans
and letters of credit in an amount not to exceed $390,000,000, the proceeds of which will be used
(i) to refinance Indebtedness under the Existing Loan Agreement, (ii) to provide for the issuance
of standby or commercial letters of credit, (iii) to pay certain fees and expenses payable in
connection with the aforementioned refinancing and (iv) for working capital needs and general
business purposes of the Borrowers; and

     C. Agent and Lenders are willing to enter into this Agreement on the terms set forth herein.

     NOW, THEREFORE, in consideration of the mutual conditions and agreements set forth in this
Agreement, and for good and valuable consideration, the receipt of which is hereby acknowledged,
the Lenders, the Agent and the Obligated Parties signatory to this Agreement hereby agree as
follows.

 

 

ARTICLE I

DEFINITIONS

SECTION 1.01 Defined Terms. As used in this Agreement, unless otherwise defined above, the following
terms have the meanings specified below:

     “Account Debtor” means each Person obligated in any way on or in connection with an
Account, Chattel Paper, or General Intangibles (including a payment intangible).

     “Accounts” means “accounts”, as such term is defined in the UCC, and any rights to
payment for the sale or lease of goods or rendition of services, whether or not they have been
earned by performance.

     “ACH Transactions” means any cash management, disbursement, or related services,
including overdrafts and the automated clearinghouse transfer of funds by any Lender or any
Affiliate of any Lender for the account of any Borrower.

     “Administration Fee” has the meaning specified in Section 2.13.

     “Affiliate” means, with respect to a specified person, another person that (i)
directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is
under common Control with the person specified or (ii) owns at least 20% of the Equity Interests of
the person specified.

     “Agent” means the Bank, solely in its capacity as administrative agent and collateral
agent for the Lenders, and any successor administrative agent and collateral agent.

     “Agent Advances” has the meaning specified in Section 2.01(b)(x).

     “Agent-Related Persons” means the Agent, the Security Trustee, the Joint Lead
Arrangers, the Joint Book Runners, the Syndication Agent and the Co-Documentation Agents designated
in the introductory paragraph of this Agreement, together with their respective Affiliates, and the
officers, directors, employees, counsel, representatives, agents, and attorneys-in-fact of the
Agent, the Security Trustee, the Joint Lead Arrangers, the Joint Book Runners, the Syndication
Agent, the Co-Documentation Agents and their respective Affiliates.

     “Agent’s Liens” means the Liens in the Collateral granted to the Agent or the Security
Trustee, for the benefit of the Credit Providers, pursuant to the terms of this Agreement and the
other Loan Documents.

     “Aggregate Revolver Outstandings” means, at any time, the sum of (a) the unpaid
balance of the Revolving Loans, (b) the aggregate undrawn face amount of all outstanding Letters of
Credit, and (c) the aggregate principal amount of any unpaid reimbursement obligations in respect
of Letters of Credit.

     “Agreement” means this Loan Agreement, as it may be amended, restated, renewed,
extended, supplemented, substituted or otherwise modified from time to time.

2

 

     “Anniversary Date” means an anniversary of the Closing Date.

     “Applicable Margin” means, with respect to any type of Loan, the margin set forth
below, as determined by the average Unused Availability for the last fiscal month:

	 	 	 	 	 	 	 
	 	 	 	 	Base Rate	 	LIBOR
	Tier	 	Unused Availability	 	Loans	 	Loans
	1	 	Greater than or equal to $175,000,000
	 	2.75%	 	3.75%
	2	 	Greater than or equal to
$75,000,000 and less than $175,000,000
	 	3.00%	 	4.00%
	3	 	Less than $75,000,000
	 	3.25%	 	4.25%

     Until the first Anniversary Date, margins shall be determined as if Level 2 were applicable.
Thereafter, the margins shall be subject to increase or decrease upon receipt by Agent pursuant to
Section 5.04(e) of the Borrowing Base Certificate for the previous month (or, during any
Cash Dominion Trigger Period, for the last week of the previous month), which change shall be
effective on the day of receipt. If, by the sixteenth day of any month (or, during any Cash
Dominion Trigger Period, by the fifth Business Day after the previous week), any Borrowing Base
Certificate due in such month (or week, if applicable) has not been received, then the margins
shall be determined as if Level 3 were applicable, from such day until the day of actual receipt.
If an Event of Default exists at the time any reduction in the Applicable Margin is to be
implemented, such reduction shall not occur until the first day of the calendar month following the
date on which such Event of Default is no longer continuing.

     “Approved Fund” has the meaning specified in Section 9.05(b).

     “Asset Sale” means the sale, transfer or other disposition (including in connection
with any sale and leaseback transaction) (by way of merger or otherwise) by the Obligated Parties
or any of the Subsidiaries to any person other than the Obligated Parties or any Guarantor of (a)
any Equity Interests of any of the Subsidiaries other than in connection with an Equity Issuance or
(b) any other assets of the Obligated Parties or any of the Subsidiaries (other than Permitted
Asset Sales). For the avoidance of doubt, (A) any disposition in connection with the exercise of
remedies by NRG with respect to certain liens held by NRG on the Hall Street Terminal which secure
certain of ACL’s obligations to NRG shall be deemed to be an “Asset Sale” for purposes of this
Agreement and (B) any Permitted JV Transaction shall not be deemed to be an “Asset Sale” for
purposes of this Agreement.

     “Assignment and Acceptance” means an Assignment and Acceptance entered into by a
Lender and an assignee (with the consent of any party whose consent is required by Section
9.05), and accepted by the Agent, substantially in the form of Exhibit A or any other
form approved by the Agent.

     “Attorney Costs” means and includes all reasonable fees, out-of-pocket expenses, and
disbursements of any law firm or other outside legal counsel engaged by the Agent.

3

 

     “Bank” means Bank of America, N.A., a national banking association, or any successor
entity thereto.

     “Bank Product Reserves” means all reserves which the Agent from time to time
establishes in its reasonable discretion for the Bank Products then provided or outstanding, which
shall be at least equal to the sum of all Bank Product Amounts.

     “Bank Products” means each and any of the following types of services or facilities
extended to the Obligated Parties by any Lender or any Affiliate of any Lender: (a) commercial
credit cards; (b) cash management services (including controlled disbursement services, ACH
Transactions, and interstate depository network services), (c) return items; (d) Hedge Agreements;
(e) pension related products and (f) foreign exchange; provided, however, that for
any of the foregoing to be included as an “Obligation” for purposes of a distribution under
Section 2.11(e)(ii), the applicable Credit Provider must have previously provided written
notice to Agent (with a copy to the Borrowers) of (i) the existence of such Bank Product, (ii) the
maximum dollar amount of net obligations arising thereunder against which a reserve is required
(“Bank Product Amount”), and (iii) the methodology to be used by such Credit Provider in
determining the Indebtedness owing from time to time in respect thereof, which written notice may
be updated from time to time as determined by the applicable Credit Provider as to the then-current
Bank Product Amount. No Bank Product Amount may be established or increased at any time that an
Event of Default of which such Credit Provider has knowledge exists, or if a reserve in such amount
would cause the Aggregate Revolver Outstandings to exceed the Borrowing Base.

     “Bank Product Amount” has the meaning specified in the definition of Bank Products.

     “Bankruptcy Code” means The Bankruptcy Reform Act of 1978, as heretofore and hereafter
amended, and codified as 11 U.S.C. Section 101 et seq.

     “BAS” means Banc of America Securities LLC.

     “Base Rate” means, for any day, the greatest of (a) the rate of interest in effect for
such day as publicly announced from time to time by the Bank in Charlotte, North Carolina as its
“prime rate” (the “prime rate” being a rate set by the Bank based upon various factors including
the Bank’s costs and desired return, general economic conditions and other factors, and is used as
a reference point for pricing some loans, which may be priced at, above, or below such announced
rate), (b) the Federal Funds Rate in effect for such day, plus 0.50%, per annum (provided,
that, in the Agent’s reasonable discretion, such percentage is subject to change at any time
without prior notice to the Borrowers), and (c) LIBOR for an Interest Period of one month
commencing on such date, plus 1.00% per annum. With respect to any determination of any Interest
Rate which is based on the Base Rate, any change in the prime rate announced by the Bank shall take
effect at the opening of business on the day specified in the public announcement of such change,
and any change in the Federal Funds Rate shall take effect as of the date of such change.

     “Base Rate Loans” means any portion of the Revolving Loans during any period in which
such portion bears interest based at the Base Rate.

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

4

 

     “Borrower” means individually each of CBL, ACL, ACLTS, Jeffboat and any other Person
who becomes a party to this Agreement as a “Borrower” pursuant to the terms hereof, individually,
and “Borrowers” means two or more of such Persons, jointly, severally, and collectively.

     “Borrowing” means (a) a borrowing hereunder consisting of Revolving Loans made
available to the Borrowers, or any of them, on the same day (i) by the Lenders, (ii) by the Bank
(in the case of a Borrowing funded as a Non-Ratable Loan), or (iii) by the Agent (in the case of a
Borrowing consisting of an Agent Advance) or (b) the issuance of a Letter of Credit hereunder.

     “Borrowing Base” means, at any time, an amount equal to the lesser of (a) the Maximum
Revolver Amount and (b) the Formula Amount, minus Reserves.

     “Borrowing Base Certificate” means a certificate by a Responsible Officer of ACL in a
form acceptable to the Agent setting forth the calculation of the Borrowing Base, including a
calculation of each component thereof (including to the extent Borrowers have received notice of
any Reserve from the Agent, any of the Reserves included in such calculation pursuant to clause
(iv) of the definition of Borrowing Base), all in such detail as shall be reasonably satisfactory
to the Agent. All calculations of the Borrowing Base in connection with the preparation of any
Borrowing Base Certificate shall originally be made by the Borrowers, or ACL on behalf of the
Borrowers, and certified to the Agent; provided, that the Agent shall have the right to
review and adjust, in the reasonable exercise of its credit judgment, any such calculation (a) to
reflect the receipt of proceeds of the Collateral, and (b) to the extent that such calculation is
not made in accordance with the terms of this Agreement.

     “Business Day” means (a) any day that is not a Saturday, Sunday, or a day on which
banks in New York, New York, Chicago, Illinois or Charlotte, North Carolina are required or
permitted to be closed and (b) with respect to all notices, determinations, fundings, and payments
in connection with the LIBOR or LIBOR Loans, any day that is a Business Day pursuant to clause (a)
preceding and that is also a day on which trading in Dollars is carried on by and between banks in
the London interbank market.

     “Capital Lease Obligations” of any person means the obligations of such person to pay
rent or other amounts under any lease of (or other arrangement conveying the right to use) real or
personal property, or a combination thereof, which obligations are required to be classified and
accounted for as capital leases on a balance sheet of such person under GAAP, and the amount of
such obligations shall be the capitalized amount thereof determined in accordance with GAAP.

     “Cash Dominion Trigger Period “ means the period (a) commencing on the day that Unused
Availability is less than the greater of (i) 20% of the Borrowing Base and (ii) $50,000,000 for 5
consecutive Business Days; and (b) continuing until, during the preceding 45 consecutive calendar
days, Unused Availability has been greater than or equal to the greater of (i) 20% of the
Borrowing Base and (ii) $50,000,000 at all times.

     “Casualty”, as to any owned Vessel, shall have the meaning set forth in the Fleet
Mortgages, and as to any Mortgaged Property, shall have the meaning set forth in each of the
Mortgages.

     “Casualty Proceeds” means (a) with respect to owned Vessels, the proceeds of insurance
that become payable to any Obligated Party on account of an accident, occurrence or event involving
any

5

 

Vessel whether or not resulting in actual or constructive total loss or an agreed or
compromised total loss of such Vessel, and (b) with respect to the Mortgaged Properties, insurance
proceeds, damages, claims and rights of action under any insurance policies with respect to any
Casualty to any portion thereof.

     “Change in Control” means (a) the acquisition after the Closing Date of ownership,
directly or indirectly, beneficially or of record, by any person or group (within the meaning of
the Securities Exchange Act of 1934 and the rules of the Securities and Exchange Commission
thereunder as in effect on the date hereof) other than one or more Permitted Holders, of Equity
Interests representing more than 35% of the aggregate ordinary voting power represented by the
issued and outstanding Equity Interests of any Obligated Party; provided, that, if such
person is a group of investors which group includes one or more Permitted Holders, the shares of
Equity Interests of such Person beneficially owned by the Permitted Holders that are part of such
group shall not be counted for purposes of determining whether this clause (a) is triggered; (b)
occupation after the Closing Date of a majority of the seats (other than vacant seats) on the board
of directors of any Obligated Party by persons who were neither (i) nominated by the board of
directors of such Obligated Party nor (ii) appointed by directors so nominated; or (c) the
acquisition after the Closing Date of direct or indirect Control of any Obligated Party by any
person or group which is not an Obligated Party or Permitted Holder.

     “Change in Law” means (a) the adoption of any law, rule or regulation after the date
of this Agreement, (b) any change in any law, rule or regulation or in the interpretation or
application thereof by any Governmental Authority after the date of this Agreement or (c)
compliance by any Lender with any request, guideline or directive (whether or not having the force
of law) of any Governmental Authority made or issued after the date of this Agreement.

     “Chattel Paper” means “chattel paper”, as such term is defined in the UCC, including
any electronic chattel paper.

     “Clearing Account” means each bank account maintained with the Bank, subject to a
Deposit Account Control Agreement providing for the Agent’s dominion and control (to be exercised
only during a Cash Dominion Trigger Period) to which the funds of an Obligated Party (including
proceeds of Accounts and other Collateral) are deposited or credited, and which is maintained in
the name of the Agent or such Obligated Party (as the Agent may determine) on reasonable terms
acceptable to the Agent. For purposes of this Agreement, “ Clearing Account” includes Clearing
Accounts opened by any Obligated Party with the Bank and pledged in accordance with the Security
Agreement, and any renewals or rollovers thereof, any successor or substitute deposit accounts,
including any such deposit account as it may have been renumbered or retitled, any proceeds thereof
(including any interest paid thereon), and any general intangibles and choses in action arising
therefrom or related thereto. Whenever there is more than one Clearing Account, the term
“Clearing Account” shall refer to all such Clearing Accounts, collectively.

     “Closing Date” means the date on which this Agreement has been executed and the
conditions precedent to the consummation of the Transactions set forth in Section 4.01 have
been satisfied or waived.

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

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     “Collateral” means all of the real property, personal property and other assets of any
Obligated Party now or hereafter subject to the security interest and lien of Agent or the Security
Trustee, for the benefit of Lenders, under the Security Agreement or any other Security Document,
as the case may be, including, without limitation, the “Collateral” as defined in the Security
Agreement.

     “Collateral Waiver Agreement” means any agreement, in form and substance reasonably
satisfactory to the Agent, between the Agent and any landlord of any Obligated Party for any Real
Estate where any Collateral is located or any third party (including any bailee, consignee, customs
broker, processor, warehouseman, or other similar Person) in possession of any Collateral, as such
agreement may be amended, restated, or otherwise modified from time to time.

     “Commitment” means, at any time with respect to a Lender, the principal amount set
forth beside such Lender’s name under the heading “Commitments” on Schedule 1.01(A) or in
the most recent Assignment and Acceptance to which such Lender is a party, and “Commitments” means,
collectively, the aggregate amount of the Commitment of each of the Lenders, collectively.

     “Condemnation” shall have the meaning set forth in each of the Mortgages and the Fleet
Mortgages.

     “Condemnation Proceeds” means (a) with respect to owned Vessels, the compensation,
purchase price, reimbursement or award for any Condemnation of any of the Vessels and (b) with
respect to real property, the proceeds of any action or proceeding for the taking of any Mortgaged
Property, or any part thereof or interest therein, for public or quasi-public use under the power
of eminent domain, by reason of any public improvement or condemnation proceeding, or in any other
manner.

     “Consolidated Capital Expenditures” means, for any period, the sum of (a) the
aggregate of all expenditures (whether paid in cash or other consideration or accrued as a
liability) by CBL or any of the Subsidiaries during such period that, in accordance with GAAP, are
or should be included in “additions to property, plant and equipment” or similar items reflected in
the consolidated statement of cash flows of CBL and its Subsidiaries for such period (including the
amount of assets leased in connection with any Capital Lease Obligation, but excluding transfers of
assets between Subsidiaries except to the extent of cash expenditures to effect such transfers),
(b) to the extent not included pursuant to clause (a) above, the aggregate of all expenditures
(whether paid in cash or other consideration (but excluding Equity Issuances) or accrued as a
liability) by CBL or any Subsidiary during such period to acquire by purchase or otherwise, the
business, property or fixed assets of, or stock or other evidence of beneficial ownership of, any
person, and (c) to the extent not included
pursuant to clause (a) above, the aggregate of all expenditures (whether paid in cash or other
consideration or accrued as a liability) by CBL or any Subsidiary during such period to acquire or
develop software or to acquire software licenses for a period of more than one year.

     “Consolidated EBITDA” means for any period, Consolidated Net Income for such period,
plus (a) the sum, without duplication, of (i) to the extent deducted in computing such Consolidated
Net Income, the sum, without duplication, of (x) all Federal, state, local and foreign income taxes
(whether paid or reserved), (y) Consolidated Net Interest Expense and (z) depreciation, depletion,
amortization of intangibles and other non-cash charges or non-cash losses (including non-cash

7

 

transaction expenses, the amortization of debt discounts, original issue discounts, losses from
impairment of tangible or intangible assets, translation gains or losses, and non-cash compensation
expense, but excluding losses from recognition of minority interest in persons), (ii) all fees and
expenses associated with the Transactions, including the expense associated with the amortization
of deferred fees and expenses, (iii) all net losses from any Hedge Agreements, to the extent
included in computing such Consolidated Net Income (not to exceed $10,000,000 for all Hedge
Agreements in such period) and, (iv) to the extent actually incurred, all cash severance costs,
minus (b) all net gains from any Hedge Agreements to the extent included in computing such
Consolidated Net Income and any non-cash income or non-cash gains (other than gains from
recognition of minority interest in persons), all as determined on a consolidated basis with
respect to CBL and its consolidated Subsidiaries in accordance with GAAP.

     “Consolidated First Lien Leverage Ratio” means, as of any date of determination, the
ratio of (a) the sum, without duplication, of (x) the aggregate stated principal amount of the
Loans, and (y) the aggregate stated principal amount of all other Indebtedness secured by a first
priority Lien permitted by Sections 6.01(g) and 6.01(h) (without deduction for any
unamortized debt discounts or addition for any premiums) of CBL and its Subsidiaries on a
consolidated basis in accordance with GAAP at such date (other than any Guarantees of Indebtedness
to the extent the Indebtedness guaranteed is already included and any Indebtedness described in
clauses (i) and, except to the extent of any reimbursed drawings thereunder, clauses (j) and (k) of
the definition of the term “Indebtedness”), to (b) Consolidated EBITDA for the period of twelve
(12) consecutive fiscal months most recently ended on or prior to such date.

     “Consolidated Fixed Charge Coverage Ratio” means, as of the end of any fiscal month of
CBL, determined for CBL and its Subsidiaries on a consolidated basis for the preceding twelve (12)
fiscal months, the ratio of (a) Consolidated EBITDA minus (i) the aggregate amount of Consolidated
Capital Expenditures, minus (ii) federal, state, local, and foreign cash income taxes paid (not
less than zero) , excluding deferred taxes and net of refunds, during such fiscal month; divided by
(b) Consolidated Fixed Charges. Except with respect to the calculation of Consolidated Fixed
Charge Coverage Ratio in accordance with Sections 6.05(a) and 6.08(b), the
calculation of Consolidated Fixed Charge Coverage Ratio shall only include Consolidated Capital
Expenditures made during such fiscal month in respect of maintenance.

     “Consolidated Fixed Charges” means, as of the end of any fiscal month of CBL,
determined for CBL and its Subsidiaries on a consolidated basis for the preceding twelve (12)
fiscal months, without duplication, the sum of: (a) Consolidated Net Interest Expense, (b) cash
dividends and share repurchases, and (c) payments of scheduled principal payments of Indebtedness.

     “Consolidated Net Income” means, for any period, net income or loss of CBL and its
Subsidiaries for such period determined on a consolidated basis in accordance with GAAP,
provided, that there shall be excluded (a) the income of any person (other than, to the
extent of CBL’ and its Subsidiaries’ equity interest and/or shareholders’ equity as the case may be
therein, persons in which CBL or any of its Subsidiaries holds more than 50% of the Equity
Interests) in which any other person (other than CBL or any of its Subsidiaries or any director
holding qualifying shares in accordance with applicable law) has a joint interest, except to the
extent of the amount of dividends or other distributions actually paid to CBL or any wholly owned
Subsidiary by such person during such period, (b) the income of any Subsidiary of CBL to the extent
that the declaration or payment of

8

 

dividends or similar distributions by its Subsidiary of that
income is not at the time permitted by operation of the terms of its charter or any agreement,
instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that
Subsidiary, and (c) any gains or losses attributable to any sale of all or substantially all of the
assets or Equity Interests of any Subsidiary which is not an Obligated Party.

     “Consolidated Net Interest Expense” means, for any period, the gross interest expense
of CBL and its Subsidiaries for such period determined on a consolidated basis in accordance with
GAAP, including the portion of any payments or accruals with respect to Capital Lease Obligations
that are allocable to interest expense in accordance with GAAP, but excluding (a) the amortization
of debt discounts and original issue discounts and (b) the amortization of all fees (including fees
with respect to Interest Rate Protection Agreements) payable in connection with the incurrence of
Indebtedness to the extent included in interest expense in accordance with GAAP (including fees and
expenses in connection with the Transactions), less the total interest income of CBL and its
Subsidiaries for such period determined on a consolidated basis in accordance with GAAP. For
purposes of the foregoing, gross interest expense shall be determined after giving effect to any
net payments made or received by CBL or any Subsidiary with respect to Interest Rate Protection
Agreements.

     “Continuation/Conversion Date” means the effective date of (a) any continuation of
LIBOR Loans as LIBOR Loans and (b) any conversion of LIBOR Loans to Base Rate Loans or of Base Rate
Loans to LIBOR Loans.

     “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 Testing Trigger Period” means the period (a) commencing on any day that
Unused Availability is less than the greater of (i) 17.5% of the Borrowing Base and (ii)
$50,000,000, and (b) continuing until Unused Availability has been greater than or equal to the
greater of (i) 17.5% of the Borrowing Base and (ii) $50,000,000 at all times for 45 consecutive
calendar days.

     “Credit Providers” means, collectively, the Agent (in its capacity as administrative
agent and collateral agent for the Lenders hereunder and as provider of Agent Advances), the
Security Trustee (in its capacity as security trustee), the Lenders (in their capacity as Lenders
and as providers of Bank Products), Affiliates of the Lenders (in their capacity as providers of
Bank Products), the Bank (in its capacity as provider of Non-Ratable Loans), the Letter of Credit
Issuer, and the Indemnified Persons, and “Credit Provider” means any of the foregoing,
individually.

     “Default” means any event or condition which constitutes an Event of Default or which
upon notice, lapse of time, or both, would become an Event of Default.

     “Default Rate” means a fluctuating per annum interest rate at all times equal to the
sum of (a) the otherwise applicable Interest Rate, plus (b) 2.00% per annum. The Default Rate
shall be adjusted simultaneously with any change in the applicable Interest Rate.

     “Defaulting Lender” has the meaning specified in Section 8.14(c).

9

 

     “Deposit Account Control Agreement” means an agreement, including a blocked account
agreement, in form and substance satisfactory to the Agent, among a Borrower, a banking institution
holding funds of such Borrower, and the Agent with respect to collection and control of all
deposits and balances held in a Deposit Account maintained by such Borrower with such banking
institution.

     “Deposit Accounts” means “deposit accounts”, as such term is defined in the UCC.

     “Dilution Reserves” means, as of any date of determination based upon Agent’s then
current field examination or other financial information as reported to Agent, an amount sufficient
to reduce the Net Amount of Eligible Accounts (as calculated prior to any deduction therefrom of
Dilution Reserves) by one percentage point or more, in the reasonable exercise of Agent’s
discretion, for each percentage point by which dilution of Accounts exceeds 5%.

     “Disclosure Letter” means that certain letter agreement dated as of July 7, 2009 among
the Borrowers, the other Obligated Parties and the Agent.

     “Documents” means “documents”, as such term is defined in the UCC, and bills of
lading, warehouse receipts, and other documents of title.

     “Dollars” or “$” refers to lawful money of the United States of America.

     “Domestic Subsidiaries” means all Subsidiaries incorporated or organized under the
laws of the United States of America, any State thereof or the District of Columbia.

     “Eligible Accounts” means the Accounts of the Borrowers, respectively, that the Agent
in the exercise of its reasonable credit judgment determines to be Eligible Accounts. Without
limiting the discretion of the Agent to establish other criteria of ineligibility, Eligible
Accounts shall not include any Account (except as may be otherwise specified below):

     (a) that does not arise from the sale of Goods or rendition of services in the ordinary course
of business of a Borrower;

     (b) that is not subject to the Agent’s Liens which are perfected as to such Account, or that
is subject to any other Lien other than Permitted Liens;

     (c) with respect to which more than ninety (90) days have elapsed from the date of the
original invoice therefor, or no invoice has been issued, without giving effect to any extension of
payment referred to in clause (g) below;

     (d) with respect to which any of the representations, warranties, covenants, and agreements
contained in this Agreement are incorrect or have been breached;

     (e) with respect to which (or any other Account due from the applicable Account Debtor), in
whole or in part, a check, promissory note, draft, trade acceptance, or other instrument for the
payment of money has been received, presented for payment, and returned uncollected for any reason;

10

 

     (f) that is the subject of any debit memo or charge-back, but only to the extent of such debit
memo or charge-back;

     (g) with respect to which a Borrower has extended the time for payment without the consent of
the Agent (unless such extended period together with any additional period during which payment has
not been received shall not exceed 90 days from the date of the original invoice therefor);

     (h) that represents a progress billing (for the purposes hereof, “progress billing” does not
include any invoice for goods sold or leased or services rendered under a contract or agreement
pursuant to which the Account Debtor’s obligation to pay such invoice is conditioned solely upon
the delivery or performance by such Borrower, in the ordinary course of such Borrower’s business,
of the goods or services which are subject to such contract or agreement);

     (i) with respect to which any one or more of the following events has occurred to the Account
Debtor on such Account: (i) death or judicial declaration of incompetency of such Account Debtor
who is a natural person; (ii) the filing by or against such Account Debtor of a request or petition
for liquidation, reorganization, arrangement, adjustment of debts, adjudication as a bankrupt,
winding-up, or other relief under the Bankruptcy Code or any other Requirement of Law, now or
hereafter in effect; (iii) the making of any general assignment by such Account Debtor for the
benefit of creditors; (iv) the appointment of a receiver or trustee for such Account Debtor or for
any of the assets of such Account Debtor, including the appointment of or taking possession by a
“custodian,” as defined in the Bankruptcy Code; (v) the institution by or against such Account
Debtor of any other type of insolvency proceeding (under the Bankruptcy Code or otherwise) or of
any formal or informal proceeding for the dissolution or liquidation of, settlement of claims
against, or winding up of affairs of, such Account Debtor; (vi) the sale, assignment, or transfer
of all or substantially all of the assets of such Account Debtor; (vii) the nonpayment generally by
such Account Debtor of its debts as they become due; or (viii) the cessation of the business of
such Account Debtor as a going concern; provided, that Agent in its sole discretion may
determine that such Account shall not be ineligible to the extent payment thereof has been
authorized pursuant to a judicial order or decree or accrued post-petition;

     (j) with respect to which 50% or more of the aggregate Dollar amount of outstanding Accounts
owed at such time to the Borrowers by the Account Debtor thereon is classified as ineligible
pursuant to the other provisions of this definition;

     (k) owed by an Account Debtor that: (i) does not maintain its chief executive office in the
U.S. or Canada; (ii) is not organized under the laws of the U.S. or Canada or any political
subdivision, state, province, or territory thereof; or (iii) is the government of any foreign
country or
sovereign state, or of any state, province, municipality, or other political subdivision
thereof, or of any department, agency, public corporation, or other instrumentality thereof, except
in each case to the extent that such Account is insured or is secured or payable by a letter of
credit the terms of which are satisfactory to the Agent in the reasonable exercise of its
discretion and which is in the possession of the Agent and which, together with all related
Letter-of-Credit Rights, is subject to a first priority Lien in favor of the Agent, for the benefit
of the Credit Providers;

11

 

     (l) owed by an Account Debtor that is an Affiliate, officer, director, or employee of an
Obligated Party or any Affiliate of an Obligated Party (unless negotiated on an arms-length basis);

     (m) except as provided in clause (o) following, with respect to which either the perfection,
enforceability, or validity of the Agent’s Liens in such Account, or the Agent’s right or ability
to obtain direct payment to the Agent of the proceeds of such Account, is governed by any federal,
state, or local statutory requirements other than those of the UCC;

     (n) owed by an Account Debtor to which any Obligated Party, or any of its Subsidiaries, is
indebted in any way (including accrued liabilities), or which is subject to any right of setoff or
recoupment by the Account Debtor, unless the Account Debtor has entered into an agreement
acceptable to the Agent to waive setoff rights, or if the Account Debtor thereon has disputed
liability or made any claim with respect to any other Account due from such Account Debtor, but in
each such case only to the extent of such indebtedness, setoff, recoupment, dispute, or claim;

     (o) owed by (i) the government of the U.S., or any department, agency, public corporation, or
other instrumentality thereof, unless the Federal Assignment of Claims Act of 1940, as amended (31
U.S.C. § 3727 et seq.), and any other steps necessary to perfect the Agent’s Liens therein, have
been complied with to the Agent’s satisfaction with respect to such Account or (ii) any state,
municipality, or other political subdivision of the U.S., or any department, agency, public
corporation, or other instrumentality thereof and as to which the Agent reasonably determines that
its Lien therein is not or cannot be perfected;

     (p) that represents a sale on a (i) cash or C.O.D. basis or (ii) bill-and-hold, guaranteed
sale, sale and return, sale on approval, consignment, or other repurchase or return basis;

     (q) that is evidenced by a promissory note or other instrument or by Chattel Paper;

     (r) with respect to which the Agent believes, in the exercise of its reasonable credit
judgment, that the prospect of collection of such Account is impaired or that such Account may not
be paid by reason of the Account Debtor’s financial inability to pay;

     (s) except as may be permitted by the Agent in the reasonable exercise of its discretion, with
respect to which the Account Debtor is located in any state requiring the filing of a Notice of
Business Activities Report or similar report in order to permit a Borrower to seek judicial
enforcement in such state of payment of such Account, unless such Borrower has qualified to do
business in such state or has filed a Notice of Business Activities Report or equivalent report for
the then current year;

     (t) that arises out of finance or similar charges;

     (u) with respect to which the goods giving rise to such Account have not been shipped and
delivered to and accepted by, or have been rejected or objected to by, the Account Debtor or the
services giving rise to such Account have not been performed by the applicable Borrower, and, if
applicable, accepted by the Account Debtor, or the Account Debtor revokes its acceptance of such
goods or services;

12

 

     (v) owed by an Account Debtor, or group of affiliated Account Debtors, which is obligated to a
Borrower respecting Accounts the aggregate unpaid balance of which exceeds 25% of the aggregate
unpaid balance of all Eligible Accounts owed to Borrowers at such time by all of Borrowers’ Account
Debtors, but only to the extent of such excess; or

     (w) that is the subject of any unreconciled variance between the aging of Accounts delivered
to the Agent, the general ledger of the applicable Borrower, and the Borrowing Base Certificate,
but only the extent of such variance.

     Notwithstanding the foregoing, the Agent may change the criteria for Eligible Accounts or
establish new criteria for Eligible Accounts in good faith, and upon notice to Borrowers based on:
an event, condition or other circumstance relating to Borrowers’ assets, liabilities, business,
financial condition or results of operations (i) arising after the date hereof, or (ii) existing on
the date hereof to the extent Agent has no written notice thereof from any Borrower prior to the
date hereof, in either case under clause (i) or (ii) which materially adversely affects or could
reasonably be expected to materially adversely affect the Accounts in the good faith determination
of Agent. Any Accounts that are not Eligible Accounts shall nevertheless be part of the
Collateral.

     “Eligible Assignee” means (a) a commercial bank, commercial finance company, or other
asset based lender having total assets in excess of Two Hundred and Fifty Million Dollars
($250,000,000), (b) any Lender listed on the signature pages of this Agreement, (c) any Affiliate
of any Lender, and (d) if an Event of Default has occurred and is continuing, any Person reasonably
acceptable to the Agent.

     “Eligible Assignee Side Letter” means that certain letter agreement dated as of July
7, 2009 among the Borrowers, the other Obligated Parties and the Agent.

     “Eligible Inventory” means Inventory of the Borrowers consisting of steel raw material
Inventory located in Jeffersonville, Indiana, In-Transit Inventory and fuel which the Agent, in its
reasonable credit judgment, determines to be Eligible Inventory. Without limiting the discretion
of the Agent to establish other criteria of ineligibility, Eligible Inventory shall not include any
Inventory (except as may be otherwise specified below):

     (a) that is not owned by a Borrower, including goods held by a Borrower on consignment;

     (b) that is not subject to the Agent’s Liens, which are perfected as to such Inventory, or
that is subject to any Liens other than those described in Section 6.02(a) and other
Permitted Liens; provided, that such other Permitted Liens (i) are junior in priority to
the Agent’s Liens or subject to Reserves and (ii) do not impair directly or indirectly the ability
of the Agent to realize on or obtain the full benefit of the Collateral;

     (c) that consists of finished goods, work-in-process, chemicals, samples, prototypes,
supplies, or packing and shipping materials;

     (d) that is not in good condition, is unmerchantable, or does not meet all standards imposed
by any Governmental Authority having regulatory authority over such goods or their use or sale;

13

 

     (e) that is obsolete, defective, or not currently salable, at prices approximating at least
cost, in the normal course of the applicable Borrower’s business, or that is slow moving or stale;

     (f) that is returned (other than returned Inventory that is without defects and is readily
salable), repossessed, or used goods taken in trade;

     (g) that is consigned to third parties or is subject to any bill-and-hold, guaranteed sale,
sale on approval, or other repurchase or return basis;

     (h) that is located in a public warehouse or in possession of a bailee or in a facility leased
by a Borrower, if the applicable warehouseman, bailee, or lessor has not delivered to the Agent, if
requested by the Agent, a Collateral Waiver Agreement (unless a Reserve for rents or storage
charges has been established for Inventory at that location);

     (i) that contains or bears any proprietary rights licensed to a Borrower by any Person, if the
Agent is not satisfied that it may sell or otherwise dispose of such Inventory in accordance with
the terms of this Agreement without infringing the rights of the licensor of such Proprietary
Rights or violating any contract with such licensor (and without payment of any royalties other
than any royalties due with respect to the sale or disposition of such Inventory pursuant to the
existing license agreement), and, if the Agent deems it necessary, as to which such Borrower has
not delivered to the Agent a consent or sublicense agreement from such licensor in form and
substance acceptable to the Agent; or

     (j) that is not reflected in the details of a current perpetual inventory report.

     Notwithstanding the foregoing, the Agent may change criteria for Eligible Inventory and
establish new criteria for Eligible Inventory in good faith, and upon notice to Borrowers based on:
an event, condition or other circumstance relating to Borrowers’ assets, liabilities, business,
financial condition or results of operations (i) arising after the date hereof, or (ii) existing on
the date hereof to the extent Agent has no written notice thereof from any Borrower prior to the
date hereof, in either case under clause (i) or (ii) which materially adversely affects or could
reasonably be expected to materially adversely affect the Inventory in the good faith determination
of Agent. Any Inventory that is not Eligible Inventory shall nevertheless be part of the
Collateral.

     “Eligible Vessels” shall mean towboats, barges and other vessels that (a) are owned by
the Borrowers, (b) are subject to the first priority lien in favor of the Agent, subject to
Permitted Liens, (c) operate exclusively in domestic waters, and, (d) with respect to recently
built towboats, barges and other vessels, have been fully constructed and accepted for delivery, as
shown to Agent’s reasonable satisfaction.

     “Environmental Claim” means any written accusation, allegation, notice of violation,
claim, demand, order, directive, cost recovery action or other cause of action by, or on behalf of,
any Governmental Authority or any person for damages, injunctive or equitable relief, personal
injury (including sickness, disease or death), Remedial Action costs, tangible or intangible
property damage, natural resource damages, nuisance, pollution, any adverse effect on the
environment caused by any Hazardous Material, or for fines, penalties or restrictions, resulting
from or based upon (a) the existence, or the continuation of the existence, of a Release (including
sudden or non-sudden, accidental or non-accidental Releases), (b) exposure to any Hazardous
Material, (c) the

14

 

presence, use, handling, transportation, storage, treatment or disposal of any
Hazardous Material or (d) the violation or alleged violation of any Environmental Law or
Environmental Permit.

     “Environmental Laws” means all laws, rules, regulations, codes, ordinances, orders,
decrees, judgments, injunctions, notices or binding agreements issued, promulgated or entered into
by any Governmental Authority, relating in any way to the environment, preservation or reclamation
of natural resources, the management, release or threatened release of any Hazardous Material or to
health and safety matters.

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

     “Environmental Lien” means a Lien in favor of any Governmental Authority for (i) any
liability under federal or state environmental laws or regulations, or (ii) damages arising from or
costs incurred by such Governmental Authority in response to a release or threatened release of a
hazardous or toxic waste, substance or constituent, or other substance into the environment.

     “Environmental Permit” means any permit, approval, authorization, certificate,
license, variance, filing or permission required by or from any Governmental Authority pursuant to
any Environmental Law.

     “Equity Interests” means shares of capital stock, partnership interests, membership
interests in a limited liability company, beneficial interests in a trust or other equity ownership
interests in a person, and any warrants, options or other rights entitling the holder thereof to
purchase or acquire any such equity interest.

     “Equity Issuance” shall mean the issuance by any Obligated Party or any Subsidiary of
any Equity Interests of any Obligated Party or any Subsidiary, as applicable, or the receipt by any
Obligated Party or any Subsidiary of any capital contribution, in each case, after the Closing
Date, including (a) any such issuance of Equity Interests to, or receipt of any such capital
contribution from, any Obligated Party or a Subsidiary, (b) any issuance of Equity Interests by any
Foreign Subsidiary to existing stockholders of such Foreign Subsidiary as a result of a capital
call by such
Foreign Subsidiary and (c) any issuance of “Management Incentive New Shares” pursuant to the
“Stock Option Plan”.

     “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from
time to time.

     “ERISA Affiliate” means any trade or business (whether or not incorporated) that,
together with any Borrower, is treated as a single employer under Section 414(b) or (c) of the Code
or, solely for purposes of Section 302 and 303 of ERISA and Section 412 and 430 of the Code, is
treated as a single employer under Section 414(b), (c), (m) or (o) of the Code.

15

 

     “ERISA Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or
the regulations issued thereunder with respect to a Plan (other than an event for which the 30 day
notice period is waived); (b) the failure by any Borrower and its ERISA Affiliates with respect to
any Plan to make contributions for a plan year that, in the aggregate, are at least equal to the
“minimum required contribution” for the plan year (as defined in Section 430 of the Code or Section
303 of ERISA); (c) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of
an application for a waiver of the minimum funding standard with respect to any Plan; (d) the
incurrence by any Borrower or any of its ERISA Affiliates of any liability under Title IV of ERISA
with respect to the termination of any Plan; (e) the receipt by any Borrower or any ERISA Affiliate
from the PBGC of any notice relating to an intention to terminate any Plan or Plans or to appoint a
trustee to administer any Plan; (f) the incurrence by any Borrower or any of its ERISA Affiliates
of any liability under Title IV of ERISA by reason of the withdrawal or partial withdrawal from any
Plan or Multiemployer Plan; or (g) the receipt by any Borrower or any ERISA Affiliate of any
notice, or the receipt by any Multiemployer Plan from any Borrower or any ERISA Affiliate of any
notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer
Plan is insolvent or in reorganization, within the meaning of Title IV of ERISA.

     “Eurodollar” when used in reference to the Loans or a portion thereof, refers to
whether such Loans or such portion of the Loans are (or is) bearing interest at a rate determined
by reference to LIBOR.

     “Event of Default” has the meaning assigned to such term in Article VII.

     “Excluded Collateral” means (i) each petty cash Deposit Account which shall not at any
time have amounts on deposit in excess of $50,000 individually and $500,000 in the aggregate for
all such petty cash Deposit Accounts and (ii) Excluded Properties.

     “Excluded Properties” means (a) the real property located in West Memphis, Arkansas,
(b) the real property located on Merrimac Island, Minnesota, (c) the Summit General Offices in
Evansville, Indiana and (d) the Hall Street Terminal.

     “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 Obligated Parties hereunder,
(a) income or franchise taxes imposed on (or measured by) its net income by the United States of
America, or by the jurisdiction 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 Obligated Parties are located and (c) in the
case of a Foreign Lender (other than an assignee pursuant to a request by the Obligated Parties
under Section 2.12(b)), any withholding tax that is imposed on amounts payable to such
Foreign Lender at the time such Foreign Lender becomes a party to this Agreement (or designates a
new lending office) or is attributable to such Foreign Lender’s failure to comply with Section
2.10(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 Obligated Parties with respect to such withholding tax pursuant to Section
2.10(a).

     “Existing Letters of Credit” has the meaning specified in Section 2.03.

16

 

     “Existing Loan Agreement” shall have the meaning assigned to it in the Recitals
hereof.

     “Federal Funds Rate” means, for any day, the rate per annum (rounded upwards, if
necessary, to the nearest 1/100th of 1.00%) equal to the weighted average of the rates on overnight
Federal funds transactions with members of the Federal Reserve System arranged by Federal funds
brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next
succeeding such day; provided, that (a) if such day is not a Business Day, the Federal
Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day
as so published on the next succeeding Business Day and (b) if no such rate is so published on such
next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate charged
to the Bank on such day on such transactions as determined by the Agent.

     “Fee Letter” means that certain letter agreement dated as of June 18, 2009 among
Agent, BAS, WFF, Wachovia, UBS, UBSS, SunTrust, STRH and CBL.

     “Fees” means the fees referred to in Section 2.13.

     “Financial Officer” means the chief financial officer, principal accounting officer,
treasurer, assistant treasurer or controller of an Obligated Party.

     “Financial Statements” means, according to the context in which used, the financial
statements referred to in Section 3.05 and Section 5.04 or any other financial
statements required to be given to the Agent pursuant to this Agreement.

     “Fleet Mortgage” means the Fleet Mortgages, dated as of the date hereof, by each of
ACL and ACLTS in favor of the Security Trustee, substantially in the form of Exhibit C-1
hereto, covering towboats, barges and other vessels owned by ACL and ACLTS, respectively, and
documented by the United States Coast Guard by the Borrowers or the Guarantors to secure all of the
obligations of the Borrowers and the Guarantors under and in connection with this Agreement.

     “Foreign Lender” means any Lender that is organized under the laws of a jurisdiction
other than that in which the Obligated Parties are located. 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.

     “Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary.

     “Formula Amount” means, as of any date of determination, the sum of, without
duplication, (i) eighty-five percent (85%) of the Net Amount of Eligible Accounts, plus (ii) the
Inventory Advance Amount, plus (iii) the Vessel Advance Amount, in each case at such date.

     “Funding Account” has the meaning specified in Section 2.01(b)(iv).

     “Funding Date” means the date on which a Borrowing occurs.

     “GAAP” means generally accepted accounting principles and practices set forth from
time to time in the opinions and pronouncements of the Accounting Principles Board and the American
Institute of Certified Public Accountants and statements and pronouncements of the Financial

17

 

Accounting Standards Board (or agencies with similar functions of comparable stature and authority
within the U.S. accounting profession) that are applicable to the circumstances as of the date of
determination.

     “General Intangibles” means, with respect to any Person, “general intangibles”, as
such term is defined in the UCC, and all other choses in action and causes of action, intangible
personal property of every kind and nature (other than Accounts), including all contract rights,
payment intangibles, Proprietary Rights, corporate or other business records, inventions, designs,
blueprints, plans, specifications, patents, patent applications, trademarks, service marks, trade
names, trade secrets, goodwill, copyrights, computer software, customer lists, registrations,
licenses, franchises, tax refund claims, any funds that may become due to such Person in connection
with the termination of any Plan or other employee benefit plan or any rights thereto and any other
amounts payable to such Person from any Plan or other employee benefit plan, rights and claims
against carriers and shippers, rights to indemnification, business interruption insurance and
proceeds thereof, property, casualty or any similar type of insurance and any proceeds thereof,
proceeds of insurance covering the lives of key employees on which such Person is beneficiary,
rights to receive dividends, distributions, cash, Instruments and other property in respect of or
in exchange for pledged equity interests or Investment Property and any letter of credit,
guarantee, claim, security interest or other security held by or granted to such Person.

     “Goods” means “goods” as such term is defined in the UCC.

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

     “Guarantee” of or by any person (the “guarantor”) means any obligation, contingent or
otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any
Indebtedness of any other person (the “primary obligor”) in any manner, whether directly or
indirectly, and including any obligation of the guarantor, direct or indirect, (a) to purchase or
pay (or advance or supply funds for the purchase or payment of) such Indebtedness or to purchase
(or to advance or supply funds for the purchase of) any security for the payment thereof, (b) to
purchase or lease property, securities or services for the purpose of assuring the owner of such
Indebtedness of the payment thereof, (c) to maintain working capital, equity capital or any other
financial statement condition or liquidity of the primary obligor so as to enable the primary
obligor to pay such
Indebtedness or (d) as an account party in respect of any letter of credit or letter of
guaranty issued to support such Indebtedness; provided, that the term Guarantee shall not
include endorsements for collection or deposit in the ordinary course of business and the
outstanding amount of any contingent obligations shall be limited to claims made or performance
required.

     “Guarantors” means Holdings and each other Affiliate of Borrowers that is or becomes
party to a Guaranty Agreement.

     “Guaranty Agreement” means the Guaranty Agreement among the Guarantors in favor of the
Agent, substantially in the form of Exhibit D hereto and any similar agreement executed
pursuant to Section 5.11 hereof.

18

 

     “Hall Street Terminal” means the Hall Street Terminal at North St. Louis, Missouri.

     “Hazardous Materials” means all explosive or radioactive substances or wastes and all
hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum
distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas,
infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to
any Environmental Law.

     “Hedge Agreements” means any and all transactions, agreements, or documents now
existing or hereafter entered into, which provide for an interest rate, credit, commodity, or
equity swap, cap, floor, collar, forward transaction, physical transaction, hedge transaction, spot
transaction, currency swap, cross currency rate swap, currency option, or any combination of, or
option with respect to, these or similar transactions, for the purpose of hedging a Person’s
exposure to fluctuations in interest or exchange rates, loan, credit exchange, security, or
currency valuations, or commodity prices, including, without limitation, all Interest Rate
Protection Agreements.

     “Holdings” means American Commercial Lines Inc., a Delaware corporation.

     “Indebtedness” of any person shall mean, without duplication, (a) all obligations of
such person for borrowed money or with respect to deposits or advances (other than customer
deposits and advances in the ordinary course of business) of any kind, (b) all obligations of such
person evidenced by bonds, debentures, notes or similar instruments, including, without limitation,
the Second Lien Notes, (c) all obligations of such person upon which interest charges are
customarily paid (excluding trade accounts payable on customary trade terms and accrued obligations
incurred in the ordinary course of business), (d) all obligations of such person under conditional
sale or other title retention agreements relating to property or assets purchased by such person,
(e) all obligations of such person issued or assumed as the deferred purchase price of property or
services (excluding trade accounts payable and accrued obligations incurred in the ordinary course
of business), (f) all Indebtedness of others secured by (or for which the holder of such
Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on
property, valued at the fair market value of the assets subject to such Lien (in the case of
non-recourse Indebtedness) owned or acquired by such person, whether or not the obligations secured
thereby have been assumed, (g) all Guarantees by such person of Indebtedness of others, (h) all
Capital Lease Obligations of such person, (i) all net obligations of such person in respect of
Hedge Agreements, determined on a marked to market basis in accordance with GAAP, (j) all
obligations of such person as an account
party in respect of letters of credit and (k) all obligations of such person as an account
party in respect of bankers’ acceptances. The Indebtedness of any person shall include the
Indebtedness of any partnership in which such person is a general partner, except to the extent
that the terms of such Indebtedness provide otherwise.

     “Indemnified Liabilities” has the meaning specified in Section 9.04(b)(i).

     “Indemnified Person” has the meaning specified in Section 9.04(b)(i).

     “Indemnified Taxes” means Taxes other than Excluded Taxes.

     “Instruments” means “instruments”, as such term is defined in the UCC.

19

 

     “Intercreditor Agreement” means the Intercreditor Agreement, dated as of the date
hereof, executed by and among the Agent and the Second Lien Agent.

     “Interest Payment Date” means, (a) in the case of Base Rate Loans, the first day of
each month, (b) in the case of LIBOR Loans, the last day of each Interest Period (but not less
frequently than once in every three month period), and (c) in each case, the Termination Date.

     “Interest Period” means, with respect to any LIBOR Loan, the period commencing on the
Funding Date of such Loan or on the Continuation/Conversion Date on which such Loan is continued as
or converted into a LIBOR Loan, and ending on the date one, three or, with the consent of all
Lenders, six months thereafter as selected by a Borrower in a Notice of Borrowing or Notice of
Continuation/Conversion, provided, that:

     (a) if any Interest Period would otherwise end on a day that is not a Business Day, such
Interest Period shall be extended to the following Business Day unless the result of such extension
would be to carry such Interest Period into another calendar month, in which event such Interest
Period shall end on the preceding Business Day;

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

     (c) no Interest Period shall extend beyond the Stated Termination Date.

     “Interest Rate” means each or any of the interest rates, including (except for
purposes of clause (a) of the definition of “Default Rate”) the Default Rate, set forth in
Section 2.06.

     “Interest Rate Protection Agreements” means any interest rate swap agreements,
interest rate cap agreements, interest rate collar agreements or similar agreements or arrangements
entered into in the ordinary course of business of the Obligated Parties or any Subsidiary and not
for speculation.

     “In-Transit Inventory” shall mean all steel raw material Inventory owned by Borrowers
and not covered by Letters of Credit, and which steel raw material Inventory is or will be in
transit to one of the Borrowers’ locations and (a) is fully insured, (b) is subject to a first
priority security interest in
and lien upon such goods in favor of Agent (except for any possessory lien upon such goods in
the possession of a freight carrier or shipping company securing only the freight charges for the
transportation of such goods to such Borrowers), (c) is not in transit to the Borrowers for more
than 30 days, and (d) upon Agent’s request, all documents, notices, instruments, statements and
bills of lading relating thereto, if any, are delivered to Agent.

     “Inventory” means “inventory”, as such term is defined in the UCC, and inventory,
goods, and merchandise to be furnished under any contract of service or held for sale or lease,
returned goods, raw materials, work-in-process, finished goods (including embedded software), other
materials and supplies of any kind, nature, or description which are used or consumed in a Person’s
business or used in connection with the packing, shipping, advertising, selling, or finishing of
such goods, merchandise, and all documents of title or other Documents representing them.
Notwithstanding anything to the contrary set forth herein, Inventory shall not include any vessels
or

20

 

barges leased, chartered or otherwise used (at any time) in the operation of the Borrowers’
business (other than vessels or barges held for sale in the ordinary course of business by
Jeffboat), or vessels or barges sold or to be sold for scrap, or the proceeds of any of the
foregoing.

     “Inventory Advance Amount” means the sum of (a) the lesser of (i) 75% of the net book
value of Eligible Inventory consisting of steel raw material Inventory, except that with respect to
any such Eligible Inventory consisting of In-Transit Inventory, such Inventory shall be valued at
the net book value, net of all duty, freight, taxes, costs, insurance and other charges and
expenses which may pertain to such In- Transit Inventory and (ii) 85% of the Net Liquidation Value
of Eligible Inventory consisting of steel raw material Inventory, plus (b) 50% of the net book
value of Eligible Inventory consisting of fuel (provided, that at no time shall the
Inventory Advance Amount in respect of Eligible Inventory consisting of fuel exceed $10,000,000).

     “Investment Property” means “investment property”, as such term is defined in the UCC,
and any (a) securities, whether certificated or uncertificated, (b) securities entitlements, (c)
securities accounts, (d) commodity contracts, and (e) commodity accounts.

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

     “Jeffboat Transaction” means a sale by Jeffboat of Vessels and related assets
manufactured by Jeffboat to an Affiliate of CBL or ACLTS (other than CBL or ACLTS) that is
controlled directly or indirectly by CBL or ACLTS, which Vessels or related assets are then
chartered back to, or otherwise operated by (pursuant to an operating or similar agreement), CBL or
ACLTS.

     “LC Obligations” means the sum (without duplication) of (a) all amounts owing by
Borrowers for any drawings under Letters of Credit; (b) the stated amount of all outstanding
Letters of Credit; and (c) all fees and other amounts owing with respect to Letters of Credit.

     “Lender” means any of the lending institutions signatory to this Agreement as
specified on the signature pages hereto or in any Assignment and Acceptance as a “Lender”, the
Agent to the extent of any Agent Advance outstanding, and the Bank to the extent of any Non-Ratable
Loan outstanding, and “Lenders” means any two or more of such Persons, collectively.

     “Letter of Credit” has the meaning specified in Section 2.03.

     “Letter of Credit Fee” has the meaning specified in Section 2.13(b).

     “Letter of Credit Fee Percentage” means with respect to any Letter of Credit, on any
date of determination, a per annum percentage equal to the Applicable Margin for LIBOR Loans as of
such date of determination, plus, during the continuance of any Event of Default, an additional
2.00% per annum.

     “Letter of Credit Issuer” means any Lender or any Affiliate of any Lender that is the
issuer of a Letter of Credit; provided, that, with respect to the Existing Letters of
Credit, the Letter of Credit Issuer shall mean Wells Fargo Bank, National Association as issuer of
the Existing Letters of Credit.

21

 

     “Letter-of-Credit Rights” means “letter-of-credit rights”, as such term is defined in
the UCC, and any rights to payment or performance under a letter of credit, whether or not the
beneficiary, has demanded or is entitled to demand payment or performance.

     “Letter of Credit Subfacility” means $25,000,000.

     “LIBOR” means, for any Interest Period with respect to a LIBOR Loan, the per annum
rate of interest, determined by the Agent at approximately 11:00 a.m. (London time) two Business
Days prior to commencement of such Interest Period, for a term comparable to such Interest Period,
equal to (a) the British Bankers Association LIBOR Rate (“BBA LIBOR”), as published by
Reuters (or other commercially available source designated by the Agent); or (b) if BBA LIBOR is
not available for any reason, the interest rate at which Dollar deposits in the approximate amount
of the LIBOR Loan would be offered by the Bank’s London branch to major banks in the London
interbank market. If the Board imposes a Reserve Percentage with respect to LIBOR deposits, then
LIBOR shall be the foregoing rate, divided by 1 minus the Reserve Percentage.

     “LIBOR Loans” means any portion of the Revolving Loans during any period in which such
portion bears interest based on the LIBOR.

     “Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien,
pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset, (b) the
interest of a vendor or a lessor under any conditional sale agreement, capital lease or title
retention agreement (or any financing lease having substantially the same economic effect as any of
the foregoing) relating to such asset and (c) in the case of securities, any purchase option, call
or similar right of a third party with respect to such securities.

     “Loan Account” means the loan account of the Borrowers, which account shall be
maintained by the Agent.

     “Loan Documents” means this Agreement, the Security Agreement, the Pledge Agreement,
the Fleet Mortgages, the Mortgages, the Trademark Security Agreement, the Intercreditor Agreement
and any other instrument or agreement executed and delivered to the Agent, the Security Trustee or
any Lender in connection herewith.

     “Loan Parties” means the Obligated Parties.

     “Loans” means, collectively, all Revolving Loans provided for in Article II.

     “Majority Lenders” shall mean Lenders (other than Defaulting Lenders) whose Pro Rata
Shares aggregate more than 50.0% of the Commitments of all Lenders ( other than Defaulting
Lenders), or if the Commitments shall have been terminated, Lenders (other than Defaulting Lenders)
to whom more than 50.0% of the then outstanding Obligations are owing. A Defaulting Lender shall
have no right to vote on any issue for the purpose of making any determination by Majority Lenders.

     “Margin Stock” has the meaning assigned to such term in Regulation U.

22

 

     “Maritime and Cost to Complete Reserves” means the reserves established by the Agent
in its good faith credit judgment reasonably exercised for necessaries and other maritime liens,
and the costs to complete transportation of non-grain cargo, in each case based upon the categories
set forth in the Borrowing Base Certificate under the heading “Maritime Reserves” from time to
time.

     “Material Adverse Effect” means a material adverse effect with respect to (a) the
business, assets, properties, liabilities, operations or condition (financial or otherwise) of the
Borrowers and the other Obligated Parties and their respective Subsidiaries (taken as a whole);
(b) the legality, validity or enforceability of any material provision of the Loan Documents; (c)
the legality, validity, enforceability, perfection or priority of the security interests and Liens
of Agent upon Collateral having an aggregate value in excess of five percent (5%) of the Formula
Amount; (d) the ability of Borrowers to repay the Obligations under the Loan Documents or of
Borrowers or Obligated Parties to perform their respective obligations under the Loan Documents as
and when to be performed; or (e) the ability of Agent, the Security Trustee or any Lender to
enforce the Obligations under the Loan Documents or realize upon the Collateral with respect to the
rights and remedies of Agent, the Security Trustee or any Lender under any of the Loan Documents.

     “Maximum Rate” means, at any time, the highest rate of interest the Lenders may
legally contract for, charge, or receive in respect of the Obligations as allowed by any
Requirement of Law.

     “Maximum Revolver Amount” means $390,000,000.

     “Mortgaged Properties” means (a) the owned real properties of the Obligated Parties
(including, without limitation, those specified on Schedule 3.19(a) to the Disclosure
Letter) other than Excluded Properties and (b) the owned Vessels (including, without limitation,
those specified on Schedule 3.19(c) to the Disclosure Letter)

     “Mortgages” means the mortgages, deeds of trusts, leasehold mortgages and security
documents from time to time executed by an Obligated Party in favor of Agent, for the benefit of
Lenders, granting a Lien upon the Mortgaged Properties owned by such Obligated Party;
provided, that no Mortgages shall be required on the Excluded Properties.

     “Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of
ERISA.

     “Net Amount of Eligible Accounts” means, at any time, the gross amount of Eligible
Accounts, less sales, excise, or other similar taxes, and less returns, discounts, claims, credits,
allowances, accrued rebates, offsets, deductions, counterclaims, disputes, and other defenses
of any nature at any time issued, owing, granted, outstanding, available, or claimed, and less
Dilution Reserves.

     “Net Cash Proceeds” means with respect to any Asset Sale, the cash proceeds thereof
(including cash proceeds subsequently received (as and when received) in respect of non-cash
consideration initially received) received by any Obligated Party, net of (a) selling expenses
(including reasonable broker’ s fees or commissions, costs to prepare the asset for sale, legal
fees, transfer and similar taxes and the Obligated Party’s good faith estimate of and reserve for
income taxes paid or payable in connection with such sale), (b) amounts provided as a reserve, in
accordance with GAAP, against any liabilities under any indemnification obligations associated with
such Asset

23

 

Sale (provided, that, to the extent and at the time any such amounts are
released from such reserve, such amounts shall constitute Net Cash Proceeds), (c) the principal
amount, premium or penalty, if any, interest and other amounts on any Indebtedness for borrowed
money which is secured by the asset sold in such Asset Sale and which is repaid with such proceeds
(other than any such Indebtedness assumed by the purchaser of such asset) and (e) with respect to
the exercise by NRG of its option to purchase the Hall Street Terminal and/or not more than 200
barges dedicated or allocable to the performance of the NRG Agreements, all sums that NRG is
permitted to set off against the purchase price payable thereunder pursuant to the terms of the NRG
Agreements, and with respect to the foreclosure by NRG of the liens against the Hall Street
Terminal granted to it under the NRG Agreements, the obligations secured by such liens and all
other amounts that pursuant to applicable law are paid from the proceeds of such foreclosure.

     “Net Forced Liquidation Value of Vessels” shall mean, as to Eligible Vessels, at any
time, the value of such Eligible Vessels, determined on a forced liquidation basis, reduced by
commissions, fees, costs and expenses contemplated in connection with the liquidation thereof, as
set forth in the most recent Vessel Appraisal delivered to Agent.

     “Net Liquidation Value” means the amount determined on any date by multiplying the
amount of Eligible Inventory of the Borrowers on the determination date by the most recent Net
Liquidation Value Percentage.

     “Net Liquidation Value Percentage” means the percentage, determined pursuant to an
appraisal by an experienced reputable appraiser reasonably acceptable to the Agent and ACL of the
Borrowers’ Inventory of the orderly liquidation value thereof, net of all costs of liquidation,
which represents the value of the Inventory appraised relative to the lesser of the cost or market
value of such Inventory on the date of such appraisal.

     “New Vessel” means, as of any date of determination, any vessel for which construction
thereof has been completed not longer than two (2) years prior to such date.

     “Non-Consenting Lender” has the meaning specified in Section 9.03.

     “Non-Ratable Loan” and “Non-Ratable Loans” have the meanings specified in
Section 2.01(b)(ix).

     “Note” means any Revolving Loan Note, and “Notes” means any two or more of the
Revolving Loan Notes, as the context requires.

     “Notice of Borrowing” has the meaning specified in Section 2.01(b)(iii).

     “Notice of Continuation/Conversion” has the meaning specified in Section 2.02.

     “NRG” means, NRG New Roads Holdings LLC and Louisiana Generating LLC, individually and
collectively, and their respective successors and assigns.

     “NRG Agreements” means, collectively, (a) the Coal Transportation Agreement pursuant
to which The Burlington Northern and Santa Fe Railway Company and American Commercial Terminals LLC
(“ACT”) will transport certain tonnages of coal from mines in the Wyoming Powder

24

 

River
Basin to the Big Cajun No. II steam-electric generating plant and coal unloading dock of Louisiana
Generating LLC, (b) the Security Side Letter Agreement among ACL, ACT, American Commercial Barge
Line LLC and NRG (c) the Lease between ACT and NRG covering the Hall Street Terminal, (d) the
Terminal Option Agreement between ACT and NRG (e) the Barge and Tug Option Agreement between ACL
and NRG; (f) the Deed of Trust granted by ACT to Louisiana Generating LLC in respect of the Hall
Street Terminal; (g) the Conditional Assignments and Assumptions of Lease, between ACT and NRG with
respect to leased properties comprising a portion of the Hall Street Terminal, (h) the Conditional
Assignment of Inter Carrier Agreement between ACT and NRG, (i) the Operations Side Letter Agreement
between ACT and Louisiana Generating LLC, each dated as of December 10, 2004, as amended from time
to time.

     “Obligated Party” means each of the Borrowers and each Guarantor, individually, and
“Obligated Parties” means two or more of such Persons, collectively.

     “Obligations” means (a) all present and future loans, advances, liabilities,
obligations, covenants, duties, and debts owing by the Obligated Parties, or any of them, to the
Agent, the Security Trustee, the Bank, the Letter of Credit Issuer, each Indemnified Person, and
the Lenders, arising under or pursuant to this Agreement or any of the other Loan Documents,
whether or not evidenced by any note, or other instrument or document, whether arising from an
extension of credit, opening of a letter of credit, loan, guaranty, indemnification, or otherwise,
whether direct or indirect, absolute or contingent, due or to become due, primary or secondary, as
principal or guarantor, and including all principal, interest, charges, expenses, fees, attorneys’
fees (including Attorney Costs), filing fees, and any other sums chargeable to any Obligated Party
hereunder or under any of the other Loan Documents (including, without limitation, all interest,
charges, expenses, fees, and any other sums chargeable to any Obligated Party hereunder or under
any of the other Loan Documents that accrues after the commencement of any case, proceeding or
other action relating to the bankruptcy, insolvency or reorganization of any Obligated Party,
whether or not the payment of such interest, charges, expenses, fees, or other sums are
unenforceable or are not allowable due to the existence of such case, proceeding or other action),
(b) all debts, liabilities, and obligations owing by the Obligated Parties now or hereafter arising
from or in connection with the Letters of Credit and (c) all debts, liabilities, and obligations
owing by the Obligated Parties now or hereafter arising from or in connection with Bank Products.

     “Obsolete Equipment” means (a) barges, towboats, vessels and other equipment that, in
the ordinary course of each of the Obligated Parties’ business as presently conducted, are damaged,
obsolete or at the end of their useful life, (b) Real Estate and other assets (not including any
Accounts, Inventory or Vessels) that are obsolete or no longer useful in the ordinary course of
each of the Obligated Parties’ business as presently conducted, in each case as reasonably
determined by the Obligated Parties and (c) barges, towboats, vessels and other equipment that are
surplus in the ordinary course of each of the Obligated Parties’ business as presently conducted
(provided, however, that such surplus equipment under this clause (c) shall be
limited to $10,000,000 in the aggregate in any calendar year (plus any unused amounts from any
prior calendar year up to $5,000,000) or $30,000,000 in the aggregate during the term of this
Agreement; provided, further, however, that the foregoing limitations shall
not apply to such surplus equipment under this clause (c), the proceeds of the sale or other
disposition of which are applied, within 180 days after the sale or other disposition thereof, to
the costs of replacement of such surplus equipment or the cost of purchase or construction of other
assets useful in the business of Borrowers and their Subsidiaries).

25

 

     “Other Taxes” means any present or future stamp or documentary taxes or any other
excise or property taxes, charges, or similar levies (excluding, in the case of each Lender and the
Agent, such taxes (including income taxes or franchise taxes) as are imposed on or measured by each
Lender’s or the Agent’s gross or net income) that arise from any payment made hereunder or from the
execution, delivery, or registration of, or otherwise with respect to, this Agreement or any other
Loan Documents.

     “Participant” means any commercial bank, financial institution or other Person that is
not an Obligated Party or an Affiliate of any Obligated Party, who shall have been granted the
right by any Lender to participate in the financing provided by such Lender under this Agreement in
accordance with the terms hereof, and who shall have entered into a participation agreement in form
and substance satisfactory to such Lender.

     “Patriot Act” means the Uniting and Strengthening America by Providing Appropriate
Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Pub. L. No. 107-56, 115 Stat. 272
(Oct. 26, 2001)).

     “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA
and any successor entity performing similar functions.

     “Permitted Asset Sales” means: (i) sales, transfers or other dispositions of Permitted
Investments, (ii) sales, transfers and other dispositions of Accounts not exceeding $1,000,000
individually in connection with the compromise, settlement or collection thereof in the ordinary
course of business, (iii) sales, transfers or other dispositions of Inventory and Vessels in the
ordinary course of business and sales or scrapping of Obsolete Equipment (provided, that
sales and/or leases of barges and other equipment by Jeffboat to third parties or to any of the
Obligated Parties and their Subsidiaries shall in all cases be deemed to be dispositions in the
ordinary course of business), (iv) sales, transfers or other dispositions of assets transferred
with an aggregate fair market value not exceeding $5,000,000 in any fiscal year of the Borrowers in
connection with the replacement or upgrade of a tangible asset of the Obligated Parties or any
Guarantor which will be used in a Related Business and is acquired, or commitments to acquire such
asset have been made, within 180 days of such transfer, (v) sales, transfers or other dispositions
among the Borrowers and, in the ordinary
course of business or otherwise in compliance with Section 6.03, any Obligated Party,
(vi) sales, transfers and other dispositions of assets pursuant to Permitted Transactions and
Permitted Sale/Leaseback Transactions, (vii) sales, transfers or other dispositions constituting
investments, loans or advances permitted by Section 6.03, (viii) dividends and
distributions permitted by Section 6.05(a), (ix) sales, transfers or other dispositions by
Holdings (except sales, transfers or other dispositions by Holdings of Equity Interests of
Holdings’ Subsidiaries that would constitute a Change in Control), (x) leases, subleases or
licenses of real property to other Persons not materially interfering with the business of the
Borrowers or any Subsidiary and (xi) subject to the prior written approval of the Agent and
otherwise in accordance with Section 8.10, any other transaction similar to any of the
foregoing.

     “Permitted Dividends” means: (i) any payment, dividend or distribution with respect to
its Equity Interests from any Subsidiary of a Borrower to a Borrower or any intervening Subsidiary;
(ii) any payment, dividend or distribution with respect to, or any obligation to redeem or
purchase, its Equity Interests made pursuant to and in accordance with stock option plans or other
benefit plans

26

 

for management or employees of the Obligated Parties and their respective
Subsidiaries, including, without limitation, pursuant to any severance packages for management or
employees of the Borrowers and their respective Subsidiaries and approved by the board of managers
(or other governing body) of the Borrower making such distribution; (iii) any distribution or
dividend payable solely in membership interests or shares of common stock of any Obligated Party;
(iv) any other non-cash dividend or non-cash distribution made by any Obligated Party and (v) any
distribution or dividend issued in connection with a Permitted JV Transaction.

     “Permitted Holder” means (i) Samuel Zell, (ii) trusts established for the benefit of
Samuel Zell and members of his family and (iii) their respective Affiliates.

     “Permitted Investments” means:

     (a) direct obligations of, or obligations the principal of and interest on which are
unconditionally guaranteed by, the United States of America (or by any agency thereof to the extent
such obligations are backed by the full faith and credit of the United States of America), in each
case maturing within twelve months from the date of acquisition thereof;

     (b) without limiting the provisions of paragraph (d) below, investments in commercial paper
maturing within six months from the date of acquisition thereof and having, at such date of
acquisition, a rating of at least “A-2” or the equivalent thereof from Standard & Poor’s
Corporation or of at least “P-2 “ or the equivalent thereof from Moody’s Investors Service, Inc.;

     (c) investments in certificates of deposit, banker’s acceptances and time deposits (including
Eurodollar time deposits) maturing within six months from the date of acquisition thereof issued or
guaranteed by or placed with (i) any domestic office of the Agent, any Lender or the bank with whom
the Borrowers and the other Obligated Parties maintain their cash management system,
provided, that if such bank is not a Lender hereunder, such bank shall have entered into an
agreement with the Agent pursuant to which such bank shall have waived all rights of setoff and
confirmed that such bank does not have, nor shall it claim, a security interest therein or (ii) any
domestic office of any other commercial bank of recognized standing organized under the laws of the
United States of America or any State thereof that has a combined capital and surplus and
undivided profits of not less than $250,000,000 and is the principal banking Subsidiary of a
bank holding company having a long-term unsecured debt rating of at least “A-2” or the equivalent
thereof from Standard & Poor’s Corporation or at least “P-2” or the equivalent thereof from Moody’s
Investors Service, Inc.;

     (d) investments in commercial paper maturing within six months from the date of acquisition
thereof and issued by (i) the holding company of the Agent or (ii) the holding company of any other
commercial bank of recognized standing organized under the laws of the United States of America or
any State thereof that has (A) a combined capital and surplus in excess of $250,000,000 and (B)
commercial paper rated at least “A-2” or the equivalent thereof from Standard & Poor’s Corporation
or of at least “P-2” or the equivalent thereof from Moody’s Investors Service, Inc.;

27

 

     (e) investments in repurchase obligations with a term of not more than seven days for
underlying securities of the types described in clause (a) above entered into with any office of a
bank or trust company meeting the qualifications specified in clause (c) above; and

     (f) investments in money market funds substantially all the assets of which are comprised of
securities of the types described in clauses (a) through (e) above; and

     (g) any investment made in connection with a Permitted JV Transaction.

     “Permitted JV Transaction” means a transaction pursuant to which (a) (i) Holdings or a
Subsidiary contributes assets or property (including Equity Interests) to a joint venture in
exchange for consideration which may include cash, Equity Interests in the joint venture, other
property, or some combination of the foregoing, (collectively, the “Consideration”), (ii) the fair
market value of the Consideration received is equal to at least 90% of the fair market value of the
contributed assets or property (in each case, as determined in good faith by the applicable
Obligated Party’s board of directors or analogous body), and (iii) Holdings provides, and no
Subsidiary of Holdings provides, with respect to the incurrence of Indebtedness by the joint
venture, a guaranty or indemnity arrangement of the joint venture or any member of the joint
venture in an amount not to exceed the fair market value of the assets or property contributed by
Holdings or such Subsidiary; provided, that, at the time of the consummation of any such
transaction and immediately after giving effect thereto, (A) no Default or Event of Default shall
have occurred and be continuing, (B) Unused Availability is not less than 20% of the Borrowing
Base, (C) the Consolidated First Lien Leverage Ratio is not greater than 2.25:1.0 through December
31, 2010 and 2.0:1.0 thereafter, and (D) as a result of such transaction the Borrowing Base shall
not be reduced in an amount greater than 15% of the Borrowing Base in effect immediately preceding
the consummation of such transaction, or (b) (i) Holdings or a Subsidiary contributes real property
and other assets (not including any Accounts, Inventory or Vessels) to an operational joint venture
or strategic alliance in exchange for Consideration and (ii) the fair market value of the
Consideration received is equal to at least 90% of the fair market value of the contributed assets
or property (in each case, as determined in good faith by the applicable Obligated Party’s board of
directors or analogous body) provided, that, at the time of the consummation of any such
transaction and immediately after giving effect thereto, no Default or Event of Default shall have
occurred and be continuing. In the event the formation of a joint venture does not meet the
specific requirements set forth above, it will still qualify as a “Permitted
JV Transaction” if it is a transaction pursuant to which Holdings or a Subsidiary forms a
joint venture on terms and conditions reasonably satisfactory to Agent and the Majority Lenders.

     “Permitted Liens” means Liens described in Sections 6.02(a) through
6.02(u).

     “Permitted Sale/Leaseback Transactions” means, individually or collectively,
sale/leaseback transactions entered into by any Borrower with any Person, upon fair and reasonable
terms fully disclosed to Agent and the Lenders, (a) with respect to any New Vessel which,
individually or in the aggregate, does not exceed $35,000,000 in any calendar year, and, in
addition thereto, with respect to any Vessels which are not New Vessels, does not exceed
$40,000,000 at any time during the term of this Agreement, in each case on terms and conditions
reasonably satisfactory to Agent, (b) that constitutes a Jeffboat Transaction or (c) with respect
to any Real Estate (including, without limitation, terminals), which, individually or in the
aggregate, does not exceed $25,000,000 at any

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time during the term of this Agreement on terms and
conditions reasonably satisfactory to Agent and the Majority Lenders.

     “Permitted Transactions” means (a) a Permitted JV Transaction, (b) the sale of all or
substantially all of the assets or Equity Interests of any Subsidiary which is not an Obligated
Party and (c) the transactions described on Schedule 1.01(B) to the Disclosure Letter.

     “Person” means any natural person, corporation, unincorporated organization, business
trust, joint venture, association, company, limited liability company, partnership or government,
or any agency or political subdivision thereof.

     “Plan” means any employee pension benefit plan (other than a Multiemployer Plan)
subject to the provisions of Title IV of ERISA or Section 412 and 430 of the Code or Section 302
and 303 of ERISA, and in respect of which Holdings or any ERISA Affiliate is (or, if such plan were
terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section
3(5) of ERISA.

     “Pledge Agreement” means the Pledge Agreement, dated as of the date hereof, among the
Obligated Parties and the Agent, substantially in the form of Exhibit E hereto.

     “Pro Rata Share” means, with respect to a Lender, a fraction (expressed as a
percentage), the numerator of which is the amount of such Lender’s Commitment and the denominator
of which is the sum of the amounts of all of the Lenders’ Commitments, or if no Commitments are
outstanding, a fraction (expressed as a percentage), the numerator of which is the amount of Loans
owed to such Lender and the denominator of which is the aggregate amount of the Loans owed to all
Lenders, in each case giving effect to a Lender’s participation in Non-Ratable Loans and Agent
Advances.

     “RBSBC” means RBS Business Capital, a division of RBS Asset Finance, Inc., a
subsidiary of RBS Citizens, NA.

     “Real Estate” means, with respect to any Person, such Person’s now or hereafter owned
or leased estates in real property (as applicable), including fees, leaseholds, and future
interests, together with such Person’s now or hereafter owned or leased interests in the
improvements thereon, the fixtures attached thereto, and the easements appurtenant thereto.

     “Regulation U” means Regulation U of the Board as from time to time in effect and all
official rulings and interpretations thereunder or thereof.

     “Regulation X” means Regulation X of the Board as from time to time in effect and all
official rulings and interpretations thereunder or thereof.

     “Related Businesses” means the business of Holdings and its Subsidiaries as conducted
on the Closing Date and any business related, ancillary or complementary thereto.

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

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     “Releases” means any spilling, leaking, pumping, pouring, emitting, emptying,
discharging, injecting, escaping, leaching, dumping, disposing, depositing, dispersing, emanating
or migrating of any Hazardous Material in, into, onto or through the environment.

     “Remedial Actions” means (a) “remedial action” as such term is defined in CERCLA, 42
U.S.C. Section 9601(24), and (b) all other actions required by any Governmental Authority or
voluntarily undertaken to: (i) cleanup, remove, treat, abate or in any other way address any
Hazardous Material in the environment; (ii) prevent the Release or threat of Release, or minimize
the further Release of any Hazardous Material so it does not migrate or endanger or threaten to
endanger public health, welfare or the environment; or (iii) perform studies and investigations in
connection with, or as a precondition to, (i) or (ii) above.

     “Report” has the meaning specified in Section 8.17.

     “Required Lenders” shall mean Lenders (other than Defaulting Lenders) whose Pro Rata
Shares aggregate more than 66 2/3% of the Commitments of all Lenders (other than Defaulting Lenders),
or if the Commitments shall have been terminated, Lenders (other than Defaulting Lenders) to whom
more than 66 2/3% of the then outstanding Loans are owing. A Defaulting Lender shall have no right
to vote on any issue for the purpose of making any determination by Required Lenders.

     “Requirement of Law” means as to any Person, the certificate or articles of
incorporation and by-laws or other organizational or governing documents of such Person, and any
law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental
Authority, in each case binding upon such Person or any of its property or to which such Person or
any of its property is subject.

     “Reserve Percentage” means the reserve percentage (expressed as a decimal, rounded
upward to the nearest 1/8th of 1%) applicable to member banks under regulations issued from time to
time by the Board for determining the maximum reserve requirement (including any emergency,
supplemental or other marginal reserve requirement) with respect to Eurocurrency funding (currently
referred to as “Eurocurrency liabilities”).

     “Reserves” means any and all reserves that the Agent deems necessary in its good faith
credit judgment, reasonably exercised, to maintain with respect to the Collateral or any Borrower
with
respect to matters that may, for any reason, limit the ability of the Agent and the Lenders’
to recover on any Collateral or limit the ability of any of the Obligated Parties to repay
Borrowings hereunder, or that represent amounts the Agent or any Lender may be obligated to pay in
the future on behalf of a Borrower including, but not limited to, without duplication, (a) Bank
Product Reserves, (b) reserves for up to three (3) months of rent at each leased location where any
Collateral or the books and records of a Borrower are maintained or kept, except to the extent the
Agent has received a collateral access agreement in form and substance reasonably satisfactory to
Agent, (c) reserves for warehousemen’s or bailees’ charges, (d) reserves for costs, charges and
expenses necessary to complete freight, delivery or shipping services in process, with the method
of estimation to be determined by Agent, (e) Maritime and Cost to Complete Reserves, and (f)
reserves for taxes, fees, assessments, and other governmental charges.

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     “Responsible Officer” means, with respect to any Obligated Party, the chief executive
officer, the president, the chief financial officer, the treasurer, the assistant treasurer, the
director of finance, any vice president, or any other officer having substantially the same
authority and responsibility as any of the foregoing.

     “Revolving Loan Note” and “Revolving Loan Notes” have the meanings specified
in Section 2.01(b)(ii).

     “Revolving Loans” has the meaning specified in Section 2.01(b)(i) and includes
each Agent Advance and Non-Ratable Loan.

     “Second Lien Agent” means The Bank of New York Mellon Trust Company, N.A., as the
trustee under the Second Lien Notes Indenture.

     “Second Lien Documents” means, collectively, the Second Lien Notes Indenture, the
Second Lien Notes and all agreements (including any security agreement), documents and instruments
executed or delivered in connection with any of the foregoing (as the same now exist or may
hereafter exist upon the execution and delivery thereof and may hereafter or thereafter, as the
case may be, amended, supplemented or otherwise modified in accordance with the provisions of this
Agreement).

     “Second Lien Notes” means the [•]% Notes, due [•], 2017, issued by CBL pursuant to the
Second Lien Notes Indenture.

     “Second Lien Notes Indenture” means the Indenture dated as of July 7, 2009 among CBL,
the guarantors party thereto and Second Lien Agent, as trustee, as amended from time to time.

     “Secured Parties” shall have the meaning assigned to it in the Security Agreement.

     “Security Agreement” means the Security Agreement, dated of the date hereof, among the
Obligated Parties and the Agent, substantially in the form of Exhibit C hereto.

     “Security Documents” means the Mortgages, the Fleet Mortgages, the Security Agreement,
the Pledge Agreement, the Trademark Security Agreement and each of the security agreements,
mortgages and other instruments and documents executed and delivered pursuant to any of the
foregoing or pursuant to Section 4.01.

     “Security Trustee” means the Bank, solely in its capacity as security trustee for the
Lenders, and any successor security trustee.

     “Settlement” has the meaning specified in Section 8.14.

     “Settlement Date” has the meaning specified in Section 8.14.

     “Stated Termination Date” means July 7, 2013 (the fourth Anniversary Date).

     “STRH” means SunTrust Robinson Humphrey, Inc.

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     “Subordinated Obligations” means, as of any date of determination (without
duplication), any Indebtedness of the Borrowers, Holdings or any of their respective Subsidiaries
on that date which has been subordinated in right of payment to the Obligations in a manner
reasonably satisfactory to the Majority Lenders and contains such other protective terms with
respect to senior debt (such as amount, maturity, amortization, interest rate, covenants, defaults,
remedies, payment blockage and terms of subordination) as the Majority Lenders may reasonably
require.

     “subsidiary” means, with respect to any person (the “parent”) at any date, any
corporation, limited liability company, partnership, association or other entity the accounts of
which would be consolidated with those of the parent in the parent’s consolidated financial
statements if such financial statements were prepared in accordance with GAAP as of such date, as
well as any other corporation, limited liability company, partnership, association or other entity
(a) of which securities or other ownership interests representing more than 50% of the equity or
more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the
general partnership interests are, as of such date, owned, controlled or held, or (b) that is, as
of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by
the parent and one or more subsidiaries of the parent.

     “Subsidiary” means any subsidiary of any Obligated Party.

     “SunTrust” means SunTrust Bank.

     “Supporting Cash Deposit” has the meaning specified in Section 2.03.

     “Supporting Letter of Credit” has the meaning specified in Section 2.03.

     “Taxes” means any and all present or future taxes, levies, imposts, duties,
deductions, charges or withholdings imposed by any Governmental Authority.

     “Termination Date” means the earliest to occur of (a) the Stated Termination Date and
(b) the date the Commitments are terminated (i) by any Borrower pursuant to Section 2.11(b)
or (ii) pursuant to Section 10.01.

     “Trademark Security Agreement” means any trademark security agreement, executed and
delivered by an Obligated Party to the Agent, for the benefit of the Credit Providers, to evidence
the Agent’s Liens in such Obligated Party’s present and future trademarks and related licenses and
rights.

     “Transactions” means, collectively, the execution and delivery of this Agreement and
the making of the initial Revolving Loans hereunder on the Closing Date, the refinancing of the
Indebtedness outstanding on the date hereof under the Existing Loan Agreement pursuant to the terms
hereof, and the issuance of the Second Lien Notes and the incurrence of Indebtedness thereunder.

     “UBS” means UBS Loan Finance LLC.

     “UBSS” means UBS Securities LLC.

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     “UCC” means the Uniform Commercial Code (or any successor statute), as in effect from
time to time, of the State of New York (the “NY UCC”) or of any other state the laws of
which are required by the NY UCC to be applied in connection with the issue of perfection of
security interests; provided, that to the extent that the UCC is used to define any term
herein or in any other documents and such term is defined differently in different Articles or
Divisions of the UCC, the definition of such term as contained in Article or Division 9 shall
govern.

     “Unused Availability” means, at any time, the Borrowing Base minus the Aggregate
Revolver Outstandings.

     “Unused Letter of Credit Subfacility” means an amount equal to the Letter of Credit
Subfacility, minus the sum of (a) the aggregate undrawn amount of all outstanding Letters of
Credit, plus, without duplication, (b) the aggregate unpaid reimbursement obligations with respect
to all Letters of Credit.

     “Unused Line Fee” has the meaning specified in Section 2.13(a).

     “Unused Portion” has the meaning specified in Section 2.13(a).

     “Usage” has the meaning specified in Section 2.13(a).

     “Vessel Advance Amount” means the lesser of (a) the Vessel Advance Rate of the Net
Forced Liquidation Value of all Eligible Vessels and (b) 110 % of the net book value of all
Eligible Vessels.

     “Vessel Advance Rate” means, (a) from the Closing Date until (but not including) the
first Anniversary Date, 75%, (b) from the first Anniversary Date until (but not including) the
second Anniversary Date, 73%, (c) from the second Anniversary Date until (but not including) the
third Anniversary Date, 71%, and (d) from the third Anniversary Date until (but not including) the
Stated Termination Date, 69%.

     “Vessel Appraisal” means a written appraisal of the Eligible Vessels delivered to
Agent, in form, scope and methodology reasonably acceptable to Agent in good faith and by an
appraiser reasonably acceptable to Agent, addressed to Agent and upon which Agent and Lenders are
expressly permitted to rely.

     “Vessels” means the towboats, barges and other vessels owned or leased by the
Obligated Parties.

     “Wachovia” means Wachovia Capital Markets, LLC.

     “WFF” means Wells Fargo Foothill, LLC.

     “Withdrawal Liability” means liability to a Multiemployer Plan as a result of a
complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of
Subtitle E of Title IV of ERISA.

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SECTION 1.02 Terms and Interpretation Generally. 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 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), any reference herein to any Person
shall be construed to include such Person’s successors and assigns, 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, unless otherwise specified, 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 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. Any
item or matter disclosed on any Schedule to the Disclosure Letter shall be deemed disclosed for
purposes of all other Schedules to the Disclosure Letter regardless of whether such matter is
specifically referenced, provided, that the information set forth in such Schedule to the
Disclosure Letter provides reasonably sufficient information to enable a person to understand that
the information set forth in such Schedule to the Disclosure Letter is also responsive to a
disclosure requirement on another Schedule to the Disclosure Letter. Furthermore, by listing any
matter on a Schedule to the Disclosure Letter, the Obligated Parties shall not be deemed to have
established any materiality standard, admitted any liability, or concluded that any one or more of
such matters are material.

SECTION 1.03 Accounting Terms; GAAP. Except as otherwise expressly provided herein, all terms of an
accounting or financial nature shall be construed in accordance with GAAP, as in effect from time
to time; provided, that, if GAAP changes during the term of this Agreement such that any
covenants contained herein would then be calculated in a different manner or with different
components, other than changes in GAAP that require items to be included in the definition of
Indebtedness that were not so required before such change, the Borrowers, the Lenders and the Agent
agree to negotiate in good faith to amend this Agreement in such respects as are necessary to
conform those covenants as criteria for evaluating the Borrowers’ financial condition to
substantially the same criteria as were effective prior to such change in GAAP; provided,
however, that, until the Borrowers, the Required Lenders and the Agent so amend this
Agreement, all such covenants shall be calculated in accordance with GAAP, as in
effect immediately prior to such change; and, provided, further, that, if GAAP
permits any change in Borrowers’ depreciation policies as in effect on the Closing Date, Borrowers
shall not amend, modify or alter such depreciation policies without the prior written consent of
the Agent.

ARTICLE II

THE LOANS

SECTION 2.01 Loans.

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     (a) Credit Facilities. Subject to the terms and conditions of this Agreement, the
Lenders agree to make available credit facilities for use by the Borrowers from time to time during
the term of this Agreement. Such credit facilities shall be composed of a revolving credit
facility consisting of Revolving Loans and Letters of Credit as described in Section
2.01(b) and Section 2.03.

     (b) Revolving Loans.

          (i) Amounts. Subject to the terms and conditions of this Agreement, each Lender
severally, but not jointly, agrees, upon ACL’s request on behalf of the Borrowers, from time to
time on any Business Day during the period from the Closing Date to the Termination Date, to make
revolving loans (the “Revolving Loans”) to the Borrowers in amounts not to exceed such
Lender’s Pro Rata Share of the Commitments, provided, however, that at no time
shall Revolving Loans be made if, as a result thereof, the Aggregate Revolver Outstandings would
exceed the Borrowing Base. Notwithstanding the proviso in the preceding sentence, the Lenders may,
in their unanimous discretion, elect to make Revolving Loans that would cause the Aggregate
Revolver Outstandings to exceed the Borrowing Base on one or more occasions, but if they do so,
neither the Agent nor the Lenders shall be deemed thereby to have changed the limits of the
Borrowing Base or to be obligated to exceed such limits on any other occasion. If any requested
Revolving Loan exceeds the Unused Availability then the Lenders may refuse to make or may otherwise
restrict the making of such Revolving Loan, subject to the Agent’s authority, in its sole
discretion, to make Agent Advances pursuant to the terms of Section 2.01(b)(x).

          (ii) Revolving Loan Notes. At the request of any Lender, Borrowers shall execute and
deliver to the Agent on behalf of each Lender a promissory note to evidence the Revolving Loans of
such Lender (each a “Revolving Loan Note” and, collectively, the “Revolving Loan
Notes”). Each Revolving Loan Note shall be in the principal amount of the applicable Lender’s
Pro Rata Share of the Commitments, dated as of the Closing Date or the date of any assignment of a
portion of any Lender’s Revolving Loans, and substantially in the form of Exhibit F. Each
Revolving Loan Note shall represent the joint and several obligation of the Borrowers to pay the
amount of the applicable Lender’s Pro Rata Share of the aggregate unpaid principal amount of all
Revolving Loans together with interest thereon as prescribed in this Agreement.

          (iii) Procedure for Borrowing.

     (A) Each Borrowing of Revolving Loans shall be made upon ACL’s irrevocable
written notice delivered to the Agent substantially in the form of Exhibit I
(any such notice being referred to herein as a “Notice of Borrowing”), which
must be received by the Agent prior to 12:00 noon (Chicago, Illinois time) (y) three
Business Days prior to the requested Funding Date, in the case of LIBOR Loans or (z)
on the requested Funding Date, in the case of Base Rate Loans, specifying:

     (1) the amount of the Borrowing, which in the case of LIBOR Loans shall
be in an amount that is not less than One Million Dollars ($1,000,000) or an
integral multiple of One Million Dollars ($1,000,000) in excess thereof;

     (2) the requested Funding Date, which must be a Business Day;

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     (3) whether the Revolving Loans requested are to be Base Rate Loans or
LIBOR Loans; provided, that if ACL fails to specify whether any
Revolving Loans are to be Base Rate Loans or LIBOR Loans, such request shall
be deemed a request for Base Rate Loans; and

     (4) if the requested Revolving Loans are to be LIBOR Loans, the
duration of the Interest Period; provided, that if ACL fails to
select the duration of the Interest Period with respect to any requested
LIBOR Loans, ACL shall be deemed to have requested such Revolving Loans be
made as LIBOR Loans with an Interest Period of one month in
duration.1

     
(B) With respect to any request for Base Rate Loans, in lieu of delivering a
Notice of Borrowing, ACL may give the Agent telephonic notice of such request for
advances to the Funding Account not later than the required time specified in clause
(A) preceding. The Agent at all times shall be entitled to rely on such telephonic
notice in making any such Revolving Loans, regardless of whether any written
confirmation is received by the Agent.

     (C) Whenever checks or other items are presented to the Bank for payment
against the Funding Account or any other Deposit Account maintained by any Borrower
with the Bank in an amount greater than the then available balance in the Funding
Account or such other Deposit Account, such presentation may, at the election of the
Agent in its sole discretion, be deemed to be a request by such Borrower for a Base
Rate Loan on the date of such presentation in an amount, subject to clause (iii)(A)
preceding, sufficient to cover all such items presented in the Funding Account or
such other Deposit Account on such date.

     (D) At the election of the Agent or the Majority Lenders, the Borrowers shall
have no right to request LIBOR Loans during the continuance of any Default or Event
of Default.

          (iv) Disbursement. On the Closing Date, the Borrowers shall deliver to the Agent a
notice setting forth the deposit account maintained with the Bank (the “Funding Account”)
to which the Agent is authorized by the Borrowers to transfer the proceeds of the Revolving Loans
requested hereunder. The Borrowers may designate a replacement Funding Account from time to
time by written notice to the Agent. Any designation by the Borrowers of a new Funding Account
must be reasonably acceptable to the Agent.

          (v) Reliance Upon Authority; No Liability. The Agent is entitled to rely conclusively
on any individual’s request for Revolving Loans on behalf of the Borrowers, as long as the proceeds
thereof are to be transferred to the Funding Account. The Agent has no duty to verify the identity
of any individual representing himself or herself as a person authorized by the Borrowers to make
such requests on its behalf. The Agent shall not incur any liability to the Borrowers as a result
of acting upon any notice referred to in Section 2.01(b)(iii) and Section
2.01(b)(iv), which the Agent reasonably believes to have been given by an officer or other
person duly authorized by a

 

			
	1	 	Agent will need three Business Days notice for LIBOR
loans to be made on the Closing Date.

36

 

Borrower to request Revolving Loans on its behalf or for otherwise
acting under this Section 2.01(b), as long as the proceeds thereof are to be transferred to
the Funding Account. The crediting of Revolving Loans to the Funding Account shall conclusively
establish the obligation of the Borrowers to repay such Revolving Loans as provided herein.

          (vi) Notice Irrevocable. Any Notice of Borrowing (or telephonic notice in lieu
thereof) made pursuant to Section 2.01(b)(iii) shall be irrevocable and the Borrowers shall
be bound to borrow the funds requested therein in accordance therewith.

          (vii) The Agent’s Election. Promptly after receipt of a Notice of Borrowing (or
telephonic notice in lieu thereof), the Agent shall elect in its discretion to have the terms of
Section 2.01(b)(viii), Section 2.01(b)(ix), or Section 2.01(b)(x) apply to
such requested Borrowing. If the Bank declines in its sole discretion to make a Non-Ratable Loan
pursuant to Section 2.01(b)(ix), the terms of Section 2.01(b)(viii) shall apply to
the requested Borrowing unless such requested Borrowing is to be made by the Agent as an Agent
Advance pursuant to Section 2.01(b)(x).

          (viii) Making of Revolving Loans. If the Agent elects to have the terms of this
Section 2.01(b)(viii) apply to a requested Borrowing, then promptly after receipt of a
Notice of Borrowing or telephonic notice in lieu thereof, the Agent shall notify the Lenders by
telecopy, telephone, or e-mail of the requested Borrowing. Each Lender shall transfer its Pro Rata
Share of the requested Borrowing to the Agent in immediately available funds, to the account from
time to time designated by the Agent, not later than 3:00 p.m. (Chicago, Illinois time) on the
applicable Funding Date. After the Agent’s receipt of all proceeds of such requested Borrowing,
the Agent shall make the proceeds of such requested Borrowing available to the Borrowers on the
applicable Funding Date by transferring same day funds to the Funding Account. Unless the Lenders
in their unanimous discretion consent otherwise, no Borrowing under this clause (viii) shall be
permitted if the requested Borrowing exceeds the Unused Availability on the applicable Funding Date
prior to giving effect to such requested Borrowing.

          (ix) Making of Non-Ratable Loans. If the Agent elects, with the consent of the Bank
(which may be granted or withheld in the Bank’s sole discretion), to have the terms of this
Section 2.01(b)(ix) apply to a requested Borrowing, the Bank shall make a Revolving Loan in
the amount of such requested Borrowing available to the Borrowers on the applicable Funding Date by
transferring same day funds to the Funding Account. Each Revolving Loan made solely by the Bank
pursuant to this Section 2.01(b)(ix) is referred to hereinafter as a “Non-Ratable
Loan,” and such Revolving Loans are collectively referred to as the “Non-Ratable
Loans.” Each Non-Ratable Loan
shall be subject to all the terms and conditions applicable to other Revolving Loans except
that all payments of principal and interest thereon shall be payable to the Bank solely for its own
account. The Agent shall not request the Bank to make any Non-Ratable Loan if (A) the Agent has
received written notice from any Lender that one or more of the applicable conditions precedent set
forth in Article IV will not be satisfied on the requested Funding Date for the applicable
Borrowing, (B) the requested Borrowing exceeds the Unused Availability on the applicable Funding
Date prior to giving effect to such requested Borrowing or (C) the aggregate outstanding amount of
Non-Ratable Loans would exceed Thirty-Five Million Dollars ($35,000,000) upon the making of such
Non-Ratable Loan. The Non-Ratable Loans shall be secured by the Agent’s Liens in and to the
Collateral and shall constitute Obligations hereunder.

37

 

          (x) Agent Advances. Subject to the limitations set forth below, the Agent is
authorized by the Borrowers and the Lenders, from time to time in the Agent’s sole discretion,
after the occurrence of a Default or an Event of Default or at any time that any of the other
conditions precedent set forth in Article IV have not been satisfied, to make Base Rate
Loans to the Borrowers on behalf of the Lenders in an aggregate amount outstanding at any time not
to exceed Twenty Million Dollars ($20,000,000), which the Agent, in its reasonable business
judgment, deems necessary or desirable (1) to preserve or protect the Collateral, or any portion
thereof, (2) to enhance the likelihood of, or maximize the amount of, repayment of the Loans and
other Obligations (including through the Borrowers using any proceeds of such Revolving Loans to
pay payroll and associated tax obligations), or (3) to pay any other amount chargeable to the
Borrowers pursuant to the terms of this Agreement, including costs, fees, and expenses as described
in Section 9.04 (any of such advances are herein referred to as “Agent Advances”);
provided, that Borrower shall repay each Agent Advance within forty-five (45) days after
the making thereof. Each Lender shall participate in each Agent Advance in accordance with its Pro
Rata Share, but in no event shall any Lender be required to participate in any amount of an Agent
Advance that would cause the portion of the Aggregate Revolver Outstandings attributable to such
Lender to exceed such Lender’s Commitment. The Majority Lenders may at any time revoke the Agent’s
authorization to make Agent Advances. Any such revocation must be in writing and shall become
effective prospectively upon the Agent’s receipt thereof. The Agent Advances shall be secured by
the Agent’s Liens in and to the Collateral and shall constitute Base Rate Loans and Obligations
hereunder.

SECTION 2.02 Continuation and Conversion Elections.

     (a) A Borrower may upon irrevocable written notice to the Agent in accordance with Section
2.01(b):

          (i) provided that a Borrowing of LIBOR Loans is permitted pursuant to Section 2.01(b),
elect, as of any Business Day, in the case of Base Rate Loans to convert any such Base Rate Loans
(or any part thereof in an amount not less than One Million Dollars ($1,000,000), or that is in an
integral multiple of One Million Dollars ($1,000,000) in excess thereof) into LIBOR Loans;

          (ii) provided that a Borrowing of LIBOR Loans is permitted pursuant to Section
2.01(b), elect, as of the last day of the applicable Interest Period, to continue any LIBOR
Loans having Interest Periods expiring on such day (or any part thereof) in an amount not less than
One Million Dollars ($1,000,000), or that is in an integral multiple of One Million Dollars
($1,000,000) in excess thereof as LIBOR Loans; or

          (iii) elect, as of any Business Day, in the case of LIBOR Loans to convert any such LIBOR
Loans (or any part thereof not being continued pursuant to clause (ii) preceding) into Base Rate
Loans;

provided, that if at any time the aggregate amount of LIBOR Loans in respect of any
Borrowing is reduced, by payment, prepayment, or conversion of part thereof, to less than One
Million Dollars ($1,000,000), such LIBOR Loans shall automatically convert into Base Rate Loans;
and provided, further, that if the notice shall fail to specify the duration of the
Interest Period of any LIBOR Loan to result from any such continuation or conversion, such Interest
Period shall be one month in duration.

38

 

     (b) For any continuation or conversion pursuant to clause (a) preceding, ACL shall deliver a
notice of continuation/conversion substantially in the form of Exhibit G or such other form
as may be acceptable to the Agent in its sole discretion (any such notice being referred to herein
as a “Notice of Continuation/Conversion”) to the Agent not later than 12:00 noon (Chicago,
Illinois time) at least three Business Days in advance of the Continuation/Conversion Date
specifying:

          (i) the proposed Continuation/Conversion Date;

          (ii) the aggregate amount of such Loans to be continued or converted and, if continuing LIBOR
Loans, the specific Borrowings (or portions thereof) to be continued or converted;

          (iii) the type of Loans resulting from the proposed continuation or conversion; and

          (iv) the duration of any requested Interest Period, provided, however, the
Borrowers may not select an Interest Period that ends after the Stated Termination Date.

     (c) If upon the expiration of any Interest Period applicable to LIBOR Loans, the Borrowers
have failed to timely select a new Interest Period to be applicable to such LIBOR Loans, the
Borrowers shall be deemed to have elected to continue such LIBOR Loans as a LIBOR Loan with an
Interest Period of one month.

     (d) The Agent will promptly notify each Lender of its receipt of a Notice of
Continuation/Conversion. All continuations and conversions shall be made ratably according to the
respective outstanding principal amounts of the Loans held by each Lender with respect to which
such notice was given.

     (e) After giving effect to any continuation or conversion of any LIBOR Loan, there may not be
more than eight (8) different Interest Periods in effect hereunder.

     (f) At the election of the Agent or the Majority Lenders, the Borrowers shall have no right to
convert any Base Rate Loans into LIBOR Loans or to continue any LIBOR Loans as LIBOR Loans during
the continuance of any Default or any Event of Default.

SECTION 2.03 Letters of Credit.

     (a) Agreement to Cause to Issue. Subject to the terms and conditions of this
Agreement, the Agent agrees to cause the Letter of Credit Issuer to issue for the account of the
Borrowers (whether one or more) one or more commercial/documentary letters of credit and standby
letters of credit (each a “Letter of Credit” and collectively, the “Letters of
Credit”) from time to time during the term of this Agreement; provided, that all
commercial/documentary letters of credit and standby letters of credit issued pursuant to the
Existing Loan Agreement (the “Existing Letters of Credit”) shall be deemed to have been
issued hereunder.

     (b) Amounts; Outside Expiration Date. The Agent shall not cause to be issued any
Letter of Credit at any time if: (i) the maximum face amount of the requested Letter of Credit is
greater than the Unused Letter of Credit Subfacility at such time; (ii) the maximum undrawn amount
of the requested Letter of Credit and all commissions, fees, and charges due from the Borrowers in

39

 

connection with the opening thereof exceeds the Unused Availability prior to giving effect to
issuance of such requested Letter of Credit; (iii) such Letter of Credit has an expiration date
later than 30 days prior to the Stated Termination Date; or (iv) such Letter of Credit has an
expiration date later than twelve calendar months from the date of issuance for standby letters of
credit and six calendar months from the date of issuance for commercial/documentary letters of
credit, provided that any Letter of Credit issued hereunder may, subject to this clause
(iv) and the other provisions of this Section 2.03, include an “evergreen” or automatic
renewal provision of the type referenced in Section 2.03(d)(iii) without contravening the
requirement contained in this Section 2.03(b).

     (c) Other Conditions. In addition to being subject to the satisfaction of the
applicable conditions precedent contained in Article IV, the obligation of the Agent to
cause any Letter of Credit to be issued is subject to the following conditions precedent having
been satisfied in a manner satisfactory to the Agent and the Letter of Credit Issuer:

          (i) the Borrowers shall have delivered to the Letter of Credit Issuer, at such times and in
such manner as the Letter of Credit Issuer may prescribe, an application in form and substance
satisfactory to the Letter of Credit Issuer and reasonably satisfactory to the Agent for the
issuance of the Letter of Credit and such other documents as may be required pursuant to the terms
thereof, and the form and terms of the proposed Letter of Credit shall be reasonably satisfactory
to the Agent and the Letter of Credit Issuer (provided, that in the event any term of such
application or any other document is inconsistent with the terms of this Agreement and the Letter
of Credit Issuer is either the same Person as the Agent or any Lender, then the terms of this
Agreement shall be controlling); and

          (ii) as of the date of issuance, no order of any court, arbitrator, or Governmental Authority
shall purport by its terms to enjoin or restrain money center banks generally from issuing letters
of credit of the type and in the amount of the proposed Letter of Credit, and no law, rule, or
regulation applicable to money center banks generally and no request or directive (whether or not
having the force of law) from any Governmental Authority with jurisdiction over money center banks
generally shall prohibit, or request that the Letter of Credit Issuer refrain from, the issuance of
letters of credit generally or the issuance of such Letter of Credit.

     (d) Issuance of Letters of Credit.

          (i) Request for Issuance. A Borrower, if it wishes to cause the issuance of a Letter
of Credit, shall notify the Agent and the Letter of Credit Issuer of such request for issuance at
least three Business Days prior to the proposed issuance date. Such notice shall be irrevocable
and must specify the original face amount of the Letter of Credit requested, the Business Day of
issuance of such requested Letter of Credit, whether such Letter of Credit may be drawn in a single
or in partial draws, the Business Day on which the requested Letter of Credit is to expire, the
purpose for which such Letter of Credit is to be issued, and the beneficiary of the requested
Letter of Credit. The Borrower shall attach to such notice the proposed form of the Letter of
Credit.

          (ii) Responsibilities of the Agent; Issuance. As of the Business Day immediately
preceding the requested issuance date of the Letter of Credit set forth in the notice from a
Borrower pursuant to Section 2.03(d)(i), the Agent shall determine (A) the amount of the
Unused Letter of Credit Subfacility and (B) the Unused Availability. If the face amount of the
requested Letter of

40

 

Credit is not greater than the Unused Letter of Credit Subfacility (prior to giving effect to
issuance of such requested Letter of Credit) and the amount of such requested Letter of Credit and
all commissions, fees, and charges due from the Borrowers in connection with the opening thereof do
not exceed the Unused Availability (prior to giving effect to issuance of such requested Letter of
Credit), the Agent shall cause the Letter of Credit Issuer to issue the requested Letter of Credit
on the requested issuance date if the other conditions hereof and of the application for such
requested Letter of Credit are met.

          (iii) Extensions and Amendments. The Agent shall not cause the Letter of Credit
Issuer to extend, renew, or amend any Letter of Credit issued pursuant hereto unless the
requirements of this Section 2.03(d) are met as though a new Letter of Credit were being
requested and issued. With respect to any Letter of Credit that contains any “evergreen” or
automatic renewal provision, each Lender shall be deemed to have consented to any such extension or
renewal unless such Lender shall have provided to the Agent and the Borrowers written notice that
such Lender declines to consent to any such extension or renewal at least 30 days prior to the date
on which the Letter of Credit Issuer is entitled to decline to extend or renew such Letter of
Credit; provided, that, notwithstanding the foregoing, if all of the requirements of this
Section 2.03(d) are met and no Event of Default has occurred and is continuing, no Lender
may decline to consent to any such extension or renewal.

     (e) Payments Pursuant to Letters of Credit. The Borrowers agree to reimburse the
Letter of Credit Issuer immediately for any draw under any Letter of Credit and to pay the Letter
of Credit Issuer the amount of all other charges and fees payable to the Letter of Credit Issuer
under or in connection with any Letter of Credit immediately when due, irrespective of any claim,
setoff, defense, or other right that the Borrowers may have at any time against the Letter of
Credit Issuer or any other Person. Each drawing under any Letter of Credit shall constitute a
request by the Borrowers for a Borrowing of a Base Rate Loan in the amount of such drawing. The
Funding Date with respect to such Borrowing shall be the date of such drawing.

     (f) Indemnification; Exoneration; Power of Attorney.

          (i) Indemnification. In addition to amounts payable as elsewhere provided in this
Section 2.03(f), the Borrowers agree to protect, indemnify, pay, and save the Lenders, the
Agent, and the Letter of Credit Issuer harmless from and against any and all claims, demands,
liabilities, damages, losses, costs, charges, and expenses (including reasonable attorneys’ fees)
that any Lender, the Agent, or the Letter of Credit Issuer may incur or be subject to as a
consequence, direct or indirect, of the issuance of any Letter of Credit. The foregoing indemnity
shall not apply to the Letter of Credit Issuer to the extent of any wrongful honor or dishonor of a
drawing against any Letter of Credit. The Borrowers’ obligations under this Section
2.03(f) shall survive payment of all other Obligations.

          (ii) Assumption of Risk by the Borrowers. As among the Borrowers, the Lenders, the
Agent, and the Letter of Credit Issuer, the Borrowers assume all risks of the acts and omissions
of, or misuse of any of the Letters of Credit by, the respective beneficiaries of such Letters of
Credit. In furtherance and not in limitation of the foregoing, the Lenders, the Agent, and the
Letter of Credit Issuer shall not be responsible for, and the Borrowers’ obligation to pay
outstanding LC Obligations shall be absolute, unconditional and irrevocable under any and all
circumstances whatsoever and

41

 

irrespective of: (A) the form, validity, sufficiency, accuracy, genuineness, or legal effect
of any document submitted by any Person in connection with the application for and issuance of and
presentation of drafts with respect to any of the Letters of Credit, even if it should prove to be
in any or all respects invalid, insufficient, inaccurate, fraudulent, or forged; (B) the validity
or sufficiency of any instrument transferring or assigning or purporting to transfer or assign any
Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part,
that may prove to be invalid or ineffective for any reason; (C) the failure of the beneficiary of
any Letter of Credit to comply duly with conditions required in order to draw upon such Letter of
Credit; (D) errors, omissions, interruptions, or delays in transmission or delivery of any
messages, by mail, cable, telegraph, telex, or otherwise, whether or not they be in cipher; (E)
errors in interpretation of technical terms; (F) any loss or delay in the transmission or otherwise
of any document required in order to make a drawing under any Letter of Credit or of the proceeds
thereof; (G) the misapplication by the beneficiary of any Letter of Credit of the proceeds of any
drawing under such Letter of Credit; or (H) any consequences arising from causes beyond the control
of the Lenders, the Agent, or the Letter of Credit Issuer, including any act or omission, whether
rightful or wrongful, of any present or future de jure or de facto Governmental Authority;
provided, that in the case of the Letter of Credit Issuer, the Letter of Credit Issuer has
paid the applicable beneficiary on the Letter of Credit against the presentation of drafts and
certificates that appear on their face to comply with the requirements of such Letter of Credit.
The Lenders and the Agent shall not be responsible for the Letter of Credit Issuer’s honor of a
draw for which the draw or any certificate fails to comply in any respect with the terms of the
Letter of Credit. None of the foregoing shall affect, impair, or prevent the vesting of any rights
or powers of the Agent, any Lender, or, subject to Section 2.03(f)(iv), the Letter of
Credit Issuer under this Section 2.03(f).

          (iii) Exoneration. Without limiting the foregoing, no action or omission whatsoever
by the Agent, any Lender, or the Letter of Credit Issuer under or in connection with any of the
Letters of Credit or any related matters shall result in any liability of the Agent, any Lender, or
the Letter of Credit Issuer to the Borrowers, or relieve the Borrowers of any of the Borrowers’
obligations hereunder to any such Person.

          (iv) Rights Against the Letter of Credit Issuer. Nothing contained in this
Section 2.03(f) is intended to limit a Borrower’s rights, if any, with respect to the
Letter of Credit Issuer that arise as a result of the letter of credit application and related
documents executed by and between such Borrower and the Letter of Credit Issuer, the issuance of
the Letter of Credit, or the Letter of Credit Issuer’s wrongful honor or wrongful dishonor of any
draw on a Letter of Credit.

          (v) Account Party. Each Borrower hereby authorizes and directs the Letter of Credit
Issuer to name the applicable Borrower as the “Account Party” in any Letter of Credit and to
deliver to the Agent all instruments, documents, and other writings and property received by the
Letter of Credit Issuer pursuant to each such Letter of Credit, and to accept and rely upon Agent’s
or the Borrower’s instructions and agreements with respect to all matters arising in connection
with each such Letter of Credit or the application therefor.

     (g) Supporting Letter of Credit; Cash Collateral. If, notwithstanding the provisions
of Section 2.03(b) and Section 10.01, any Letter of Credit is outstanding upon the
termination of this Agreement, then upon such termination the Borrowers shall deposit with the
Agent, for the benefit of the Agent, the Letter of Credit Issuer, and the Lenders, with respect to
each such Letter of Credit

42

 

then outstanding, either (i) a standby letter of credit (a “Supporting Letter of
Credit”) in form and substance satisfactory to the Agent, issued by an issuer satisfactory to
the Agent in its sole discretion in an amount equal to 105% of the undrawn face amount of such
Letter of Credit, plus any fees and expenses associated with such Letter of Credit, under which
Supporting Letter of Credit the Agent is entitled to draw amounts necessary to reimburse the Agent,
the Letter of Credit Issuer, and the Lenders (as applicable) for payments to be made by the Letter
of Credit Issuer under such Letter of Credit and any fees and expenses associated with such Letter
of Credit or (ii) cash (a “Supporting Cash Deposit”) in an amount equal to 105% of the
undrawn face amount of such Letter of Credit, plus any fees and expenses associated with such
Letter of Credit. Such Supporting Letter of Credit or Supporting Cash Deposit shall be held by the
Agent, for the benefit of the Agent, the Letter of Credit Issuer, and the Lenders, as security for,
and to provide for the payment of, the aggregate undrawn amount of such Letters of Credit remaining
outstanding.

SECTION 2.04 Bank Products. The Borrowers may obtain Bank Products from any Lender or any of their respective Affiliates,
although the Borrowers are not required to do so. To the extent Bank Products are provided by an
Affiliate of any Lender, Borrowers agree to indemnify and hold the Agent and Lenders harmless from
any and all costs and obligations now or hereafter incurred by any of the Credit Providers which
arise from any indemnity given by any Lender to any of their respective Affiliates related to such
Bank Products; provided, however, that nothing contained herein is intended to
limit any Borrower’s rights, with respect to any Lender or any Lender’s Affiliates, if any, that
arise as a result of the execution of documents by and between such Borrower and any Lender or such
Lender’s Affiliates that relate to Bank Products. The agreement contained in this Section
2.04 shall survive termination of this Agreement. The Borrowers acknowledge and agree that the
obtaining of Bank Products from any Lender or such Lender’s Affiliates (a) is in the sole and
absolute discretion of such Lender or such Lender’s Affiliates, and (b) is subject to all rules and
regulations of such Lender or such Lender’s Affiliates.

SECTION 2.05 Mandatory Prepayments.

     (a) On any Business Day, if the Aggregate Revolver Outstandings exceed the Borrowing Base, the
Borrowers shall immediately pay to the Agent, for the account of the Lenders, the amount (if any)
of such excess for application to the principal amount of the Revolving Loans.

     (b) The Borrowers shall pay to the Agent, for the account of the Lenders, (i) the Net Cash
Proceeds from any Asset Sale of any Collateral, (ii) the net Casualty Proceeds in excess of
$1,000,000, (iii) the net Condemnation Proceeds, (iv) the proceeds of the sale or other disposition
of surplus equipment as described in clause (c) of the definition of “Obsolete Equipment” which are
not applied, within 180 days after the sale or other disposition thereof, to the costs of
replacement of such surplus equipment or the cost of purchase or construction of other assets
useful in the business of Borrowers and their Subsidiaries and, (v) if a Default or Event of
Default exists and is continuing, the Net Cash Proceeds from any Equity Issuance; provided,
however, that if any prepayment of net Casualty Proceeds would cause any funding losses to
be reimbursable pursuant to Section 2.11(h), the Agent may, upon notice to the Borrowers,
refuse such prepayment and permit the Borrowers to retain such amounts; and provided,
further, that if the Agent elects to receive such prepayment, the Agent shall be deemed to
have waived any reimbursement that would otherwise be owing by the
Borrowers pursuant to Section 2.11(h). Such proceeds described in the immediately
preceding sentence shall be applied against the Obligations in the order and manner set forth in
Section 2.11(e)

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(subject to the provisions of Section 2.11(e)(iii)) and, subject to
the terms of this Agreement, shall be subject to the Borrowers’ right to reborrow prior to the
Termination Date. No provision contained in this Section 2.05 shall constitute a consent
to an asset disposition or to any other transaction that is otherwise not permitted by the terms of
this Agreement.

     (c) Notwithstanding anything to the contrary contained herein, and so long as (i) no Default
or Event of Default shall have occurred and is continuing, (ii) the Borrowers shall have given the
Agent prior written notice of the Borrowers’ intention to apply such Casualty Proceeds to the costs
of replacement of the properties or assets that are the subject of such Casualty Proceeds or the
cost of purchase or construction of other assets useful in the business of Borrowers and their
Subsidiaries, (iii) such Casualty Proceeds are held in a Clearing Account, and (iv) the Borrowers
or their Subsidiaries, as applicable, complete such replacement, purchase, or construction within
180 days after the initial receipt of such Casualty Proceeds, Borrowers and their Subsidiaries
shall have the option to apply such Casualty Proceeds to the costs of replacement of the assets
that are the subject of such Casualty Proceeds or the costs of purchase or construction of other
assets useful in the business of Borrowers and their Subsidiaries unless and to the extent that
such applicable period shall have expired without such replacement, purchase or construction being
made or completed, in which case, any amounts of such Casualty Proceeds remaining shall be paid to
the Agent and applied in accordance with Section 2.05(b).

SECTION 2.06 Interest.

     (a) Interest Rates. All outstanding Loans shall bear interest on the unpaid principal
amount thereof (including, to the extent permitted by law, on accrued interest thereon not paid
when due) from the date made or incurred until paid in full in cash or cash equivalent at a rate
determined by reference to the Base Rate or the LIBOR, as applicable, plus the Applicable Margin as
set forth below, but not to exceed the Maximum Rate. If at any time Loans are outstanding with
respect to which a Borrower has not delivered to the Agent a notice specifying the basis for
determining the interest rate applicable thereto in accordance herewith, such Loans shall be Base
Rate Loans and bear interest at a rate determined by reference to the Base Rate until notice to the
contrary has been given to the Agent in accordance with this Agreement and such notice has become
effective. Except as otherwise provided herein, the outstanding Loans shall bear interest as
follows:

          (i) for all Base Rate Loans at a fluctuating per annum rate equal to the lesser of (A) the
Base Rate, plus the Applicable Margin or (B) the Maximum Rate; and

          (ii) for all LIBOR Loans at a per annum rate equal to the lesser of (A) the LIBOR, plus the
Applicable Margin or (B) the Maximum Rate.

          (iii) Each change in the Base Rate shall be reflected in the interest rate described in clause
(i) preceding as of the effective date of such change. Subject to Section 9.14, all
interest charges shall be computed on the basis of a year of 360 days and actual days elapsed
(which results in more interest being paid than if computed on the basis of a 365 day year) ,
except that interest based on the Base Rate shall be calculated on the basis of actual number of
days elapsed in a year of 365/366 days.

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     (b) Interest Payments. The Borrowers shall pay to the Agent, for the benefit of the
Lenders, accrued interest in arrears on each Interest Payment Date, as applicable.

     (c) Default Rate. During the existence of any Event of Default if the Agent or the
Majority Lenders in their discretion so elect, the Obligations shall, subject to Section
9.14, bear interest at a rate per annum equal to the lesser of (i) the Default Rate applicable
thereto or (ii) the Maximum Rate.

SECTION 2.07 Use of Proceeds. Borrowers shall apply the proceeds of (a) Loans made on the Closing Date to pay a portion of the
Indebtedness outstanding as of the date hereof under the Existing Loan Agreement and to pay fees
and expenses relating to the Transactions, and (b) Loans made on and after the Closing Date to
provide for their respective working capital needs and other general corporate purposes.

SECTION 2.08 Increased Costs.

     (a) If any Change in Law shall:

          (i) impose, modify or deem applicable any reserve, special deposit or similar requirement
against assets of, deposits with or for the account of, or credit extended by, any Lender (except
any such reserve requirement reflected in LIBOR); or

          (ii) impose on any Lender or the London interbank market any other condition affecting this
Agreement or LIBOR Loans 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 LIBOR Loan or to reduce the amount of any sum received or receivable by such Lender
(whether of principal, interest or otherwise), then the Borrowers 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 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 or the Loans 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 Borrowers will pay to such 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 (with reasonable details of the basis therefor), as specified in
paragraph (a) or (b) of this Section shall be delivered to the Borrowers and shall be conclusive
absent manifest error. The Borrowers shall pay such Lender, the amount shown as due on any such
certificate within 10 days after receipt thereof.

     (d) Failure or delay on the part of any Lender to demand compensation pursuant to this Section
shall not constitute a waiver of such Lender’s right to demand such compensation; provided,

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that the Borrowers shall not be required to compensate a Lender pursuant to this Section for any
increased costs or reductions incurred more than 270 days prior to the date that such Lender
notifies the Borrowers of the Change in Law giving rise to such increased costs or reductions and
of such Lender’s intention to claim compensation therefor; provided, further, that,
if the Change in Law giving rise to such increased costs or reductions is retroactive, then the
270-day period referred to above shall be extended to include the period of retroactive effect
thereof.

SECTION 2.09 Break Funding Payments. Without duplication of any amounts payable by the Borrowers pursuant to Section 2.11(h),
in the event of (a) the payment of any principal of any LIBOR Loan other than on the last day of an
Interest Period applicable thereto (including as a result of an Event of Default), (b) the
conversion of any LIBOR Loan other than on the last day of the Interest Period applicable thereto
or (c) the assignment of any LIBOR Loan other than on the last day of the Interest Period
applicable thereto as a result of a request by the Borrowers pursuant to Section 2.12, then
the Borrowers shall compensate each Lender for the loss, cost and expense attributable to such
event. In the case of a LIBOR Loan, such loss, cost or expense to any Lender shall be deemed to
include an amount determined by such Lender to be the excess, if any, of (i) the amount of interest
which would have accrued on the principal amount of such Loan had such event not occurred, at LIBOR
that would have been applicable to such Loan, for the period from the date of such event to the
last day of the then current Interest Period therefor, over (ii) the amount of interest which would
accrue on such principal amount for such period at the interest rate which such Lender would bid
were it to bid, at the commencement of such period, for dollar deposits of a comparable amount and
period from other banks in the Eurodollar market. A certificate of any Lender setting forth any
amount or amounts that such Lender is entitled to receive pursuant to this Section shall be
delivered to the Borrowers and shall be conclusive absent manifest error. Borrowers shall pay such
Lender the amount shown as due on any such certificate within 10 days after receipt thereof.

SECTION 2.10 Taxes.

     (a) Any and all payments by or on account of any obligation of the Borrowers hereunder shall
be made free and clear of and without deduction for any Indemnified Taxes or Other Taxes;
provided, that if the Borrowers shall be required to deduct any Indemnified Taxes or 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) 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 Borrowers shall make such deductions and
(iii) the Borrowers shall pay the full amount deducted to the relevant Governmental Authority in
accordance with applicable law.

     (b) In addition, the Borrowers shall pay any Other Taxes to the relevant Governmental
Authority in accordance with applicable law.

     (c) The Borrowers shall indemnify the Agent and each Lender within 10 days after written
demand therefor, for the full amount of any Indemnified Taxes or Other Taxes paid by the
Agent or such Lender, as the case may be, on or with respect to any payment by or on account
of any obligation of the Borrower hereunder (including Indemnified Taxes or Other Taxes imposed or
asserted on or attributable to amounts payable under this Section) and any penalties, interest and

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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 Borrowers
or by a Lender, 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
Borrowers to a Governmental Authority, the Borrowers 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 Borrowers are located, or any treaty to which such
jurisdiction is a party, with respect to payments under this Agreement shall deliver to the
Borrowers (with a copy to the Agent), at the time or times requested by the Borrowers, such
properly completed and executed documentation prescribed by applicable law or reasonably requested
by the Borrowers as will permit such payments to be made without withholding or at a reduced rate.
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.

     (f) If the Agent or a Lender determines, in its reasonable business judgment, that it has
received a refund of any Taxes or Other Taxes as to which it has been indemnified by the Borrowers
or with respect to which the Borrowers has paid additional amounts pursuant to this Section
2.10, it shall pay over such refund to the Borrowers (but only to the extent of indemnity
payments made, or additional amounts paid, by the Borrowers under this Section 2.10 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 and without interest (other than any interest paid by the relevant
Governmental Authority with respect to such refund); provided, that the Borrowers, upon the
request of the Agent or such Lender, agree to repay the amount paid over to the Borrowers (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 Section 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 Obligated Parties or any other person.

SECTION 2.11 Payments Generally; Pro Rata Treatment; Sharing of Set-offs.

     (a) Repayment.

          (i) Revolving Loans. The Borrowers shall repay the outstanding principal balance of
the Revolving Loans, together with all other non-contingent Obligations under the Loan
Documents, including all accrued and unpaid interest thereon, on the Termination Date. The
Borrowers may prepay the Revolving Loans, in whole or in part, at any time and from time to time
and, subject to the terms of this Agreement, reborrow prior to the Termination Date.

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          (ii) Payments. All payments to be made by the Borrowers with respect to the Loans
shall be made without setoff, recoupment, or counterclaim. Unless otherwise expressly provided
herein, all payments by the Borrowers shall be made to the Agent, for the account of the Lenders,
to the account designated by the Agent and shall be made in Dollars and in immediately available
funds, no later than 12:00 noon (Chicago, Illinois time) on the date specified herein. Any payment
received by the Agent after such time shall be deemed to have been received on the following
Business Day and any applicable interest or fee shall continue to accrue.

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

     (b) Termination of Credit Facilities.

          (i) The Borrowers may terminate this Agreement upon at least five (5) Business Days prior
written notice thereof to the Agent, upon (A) the payment in full of all outstanding Revolving
Loans, together with accrued and unpaid interest thereon, and the cancellation and return of all
outstanding Letters of Credit (or alternatively with respect to each such Letter of Credit, the
furnishing to the Agent of either a Supporting Cash Deposit or a Supporting Letter of Credit as
required by Section 2.03(g)), and (B) the payment in full of all reimbursable expenses and
other non-contingent Obligations under the Loan Documents together with accrued and unpaid interest
thereon.

          (ii) The Borrowers may, upon five (5) Business Days written notice to the Agent (each a
“Reduction Notice”), permanently reduce the Commitments by the minimum amount of $5,000,000
or an integral multiple of $5,000,000 in excess thereof; provided, however, that
the Borrowers may not reduce the Commitments prior to the Termination Date, if, after giving effect
to such reduction, the Aggregate Revolver Outstandings would exceed the Commitments as so reduced.
Any Reduction Notice shall be irrevocable; provided, that any Reduction Notice may state
that such notice is conditioned upon the effectiveness of other credit facilities, in which case
such notice may be revoked by the Borrowers (by written notice to the Agent on or prior to the
specified effective date previously provided in the applicable Reduction Notice) if such condition
is not satisfied.

     (c) LIBOR Loan Prepayments. In connection with any prepayment, if any LIBOR Loans are
prepaid prior to the expiration date of the Interest Period applicable thereto, the Borrowers shall
pay to the Agent, for the benefit of the Lenders, the amounts described in Section 2.11(h);
provided, that the Borrowers shall not be required to pay the amounts described in
Section 2.11(h) in connection with any Lender’s entering into an Assignment and Acceptance.

     (d) Payments as Revolving Loans. At the election of the Agent, all payments of
principal, interest, reimbursement obligations in connection with Letters of Credit, fees,
premiums, reimbursable expenses (including all reimbursement for expenses pursuant to Section
2.13), other sums payable under the Loan Documents, and any and all amounts equal to the excess
of checks and
other items presented to the Bank for payment against the Funding Account or any other Deposit
Account maintained by a Borrower with the Bank over the then available balance in such Funding
Account or Deposit Account may be paid with the proceeds of Revolving Loans made hereunder whether
made following a request for such purpose by the Borrowers pursuant to Section 2.01(b) or

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pursuant to a deemed request as provided in this Section 2.11(d). The Borrowers hereby
irrevocably authorize the Agent to charge the Loan Account for the purpose of paying all amounts
from time to time due under the Loan Documents (including as described in this Section
2.11(d)) and agree that all such amounts charged shall constitute Revolving Loans (including
Non-Ratable Loans and Agent Advances) and that all such Revolving Loans shall be deemed to have
been requested pursuant to Section 2.01(b).

     (e) Apportionment, Application, and Reversal of Payments.

          (i) Principal and interest payments received by the Agent shall be apportioned ratably among
the Lenders (according to the unpaid principal balance of the Loans to which such payments relate
held by each Lender) and payments of the fees received by the Agent shall, as applicable, be
apportioned ratably among the Lenders, except for fees payable solely to the Agent, the Bank, and
the Letter of Credit Issuer and except as provided in Section 9.03(e).

          (ii) Except as provided otherwise in this Agreement, all payments pursuant to this Agreement
shall be remitted to the Agent and all such payments not relating to principal or interest of
specific Loans, or not constituting payment of specific fees, and all proceeds of each Borrower’s
Accounts or any other Collateral received by the Agent, shall be applied, ratably, subject to the
other provisions of this Agreement, FIRST, to pay any fees, indemnities, or expense reimbursements,
then due to the Agent from the Borrowers, SECOND, to pay any fees, indemnities, or expense
reimbursements then due to any of the Credit Providers other than the Agent from the Borrowers,
THIRD, to pay interest then due in respect of the Loans, including Non-Ratable Loans and Agent
Advances, FOURTH, to pay or prepay principal of the Non-Ratable Loans and the Agent Advances,
FIFTH, to pay or prepay principal of the Revolving Loans (other than the Non-Ratable Loans and the
Agent Advances) and unpaid reimbursement obligations in respect of Letters of Credit, SIXTH, during
the existence of a Default or an Event of Default, to pay an amount to the Agent equal to 105% of
the aggregate undrawn face amount of all outstanding Letters of Credit and the aggregate amount of
any unpaid reimbursement obligations in respect of Letters of Credit, to be held as cash collateral
for such Obligations, SEVENTH, to pay any amounts relating to Bank Products due to the Agent or any
Lender or any Affiliate of any Lender by the Borrowers, and EIGHTH, to the payment of any other
Obligation. Subject to items “FIRST” through “EIGHTH” preceding, the Agent and the Lenders shall
have the continuing and exclusive right to apply and reverse and reapply any and all such proceeds
and payments to any portion of the Obligations. Amounts distributed with respect to any
Indebtedness in respect of Bank Products shall be the lesser of the applicable Bank Product Amount
last reported to Agent or the actual amount of such Indebtedness, as calculated by the methodology
reported to Agent for determining the amount due. Agent shall have no obligation to calculate the
amount to be distributed with respect to any Indebtedness in respect of Bank Products, but may rely
upon written notice of the amount (setting forth a reasonably detailed calculation) from the
relevant Credit Provider. In the absence of such notice, Agent may assume the amount to be
distributed is the Bank Product Amount last reported to it.

          (iii) Notwithstanding anything to the contrary contained in this Agreement, unless so directed
by the Borrowers, or unless an Event of Default is in existence, neither the Agent nor any Lender
shall apply any payment which it receives to any LIBOR Loan, except (A) on the expiration date of
the Interest Period applicable to any such LIBOR Loan or (B) in the event, and only to the

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extent,
that there are no outstanding Base Rate Loans and, in any such event, the Borrowers shall pay the
LIBOR breakage losses in accordance with the terms hereof.

     (f) Indemnity for Returned Payments. If after receipt of any payment that is applied
to the payment of all or any part of the Obligations under the Loan Documents, any Credit Provider
is for any reason compelled to surrender such payment or proceeds to any Person because such
payment or application of proceeds is invalidated, declared fraudulent, set aside, determined to be
void or voidable as a preference, impermissible setoff, or a diversion of trust funds, or for any
other reason, then the Obligations under the Loan Documents or part thereof intended to be
satisfied shall be revived and continued and this Agreement shall continue in full force as if such
payment or proceeds had not been received by such Credit Provider and the Borrowers shall be liable
to pay to the Agent for the benefit of the Credit Providers, and each Borrower hereby indemnifies
the Credit Providers and holds the Credit Providers harmless for the amount of such payment or
proceeds surrendered. The provisions of this Section 2.11(f) shall be and remain effective
notwithstanding any release of Collateral or guarantors, cancellation or return of Loan Documents,
or other contrary action that may have been taken by any Credit Provider in reliance upon such
payment or application of proceeds, and any such contrary action so taken shall be without
prejudice to the Credit Providers’ rights under this Agreement and the other Loan Documents and
shall be deemed to have been conditioned upon such payment or application of proceeds having become
final and irrevocable. The provisions of this Section 2.11(f) shall survive the
termination of this Agreement.

     (g) Agent’s and Lenders’ Books and Records; Monthly Statements. The Agent shall
record the principal amount of the Loans, the undrawn face amount of all outstanding Letters of
Credit, and the aggregate amount of unpaid reimbursement obligations outstanding with respect to
the Letters of Credit from time to time on its books. In addition, each Lender may note the date
and amount of each payment or prepayment of principal of such Lender’s Loans in its books and
records. Failure by the Agent or any Lender to make any such notation shall not affect the
obligations of the Borrowers with respect to the Loans or the Letters of Credit. The Borrowers
agree that the Agent’s and each Lender’s books and records showing the Obligations and the
transactions pursuant to this Agreement and the other Loan Documents shall be admissible in any
action or proceeding arising therefrom, and shall constitute presumptive proof thereof,
irrespective of whether any Obligation is also evidenced by a promissory note or other instrument.
The Agent will provide to the Borrowers a monthly statement of Loans, payments, and other
transactions pursuant to this Agreement. Such statement shall be deemed correct, accurate, and
binding on the Borrowers and an account stated (except for reversals and reapplications of payments
made as provided in Section 2.11(f) and corrections of errors discovered by the Agent),
unless the Borrowers notify the Agent in writing to the contrary within 30 days after such
statement is rendered. In the event a timely written notice of objections is given by the
Borrowers, only the items to which exception is expressly made will be considered to be disputed by
the Borrowers.

     (h) Funding Losses. Without duplication of any amounts payable by the Borrowers
pursuant to Section 2.09), and subject to the provisions of Sections 2.05(b) and
2.11(e)(iii), the
Borrowers shall reimburse each Lender and hold each Lender harmless from any loss or expense
that such Lender may sustain or incur as a consequence of:

          (i) the failure of the Borrowers to make on a timely basis any payment of principal of any
LIBOR Loan; or

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          (ii) the failure of the Borrowers to (A) borrow any requested LIBOR Loan, (B) continue any
LIBOR Loan, or (C) convert a Base Rate Loan to a LIBOR Loan after the Borrowers have given (or are
deemed to have given) a Notice of Borrowing, a Notice of Continuation/Conversion, or any telephonic
notice in lieu thereof with respect thereto;

including any such loss of anticipated profit and any loss or expense arising from the liquidation
or reemployment of funds obtained by such Lender to maintain its LIBOR Loans or from fees payable
to terminate the deposits from which such funds were obtained. The Borrowers shall also pay any
customary administrative fees, including a processing fee (the processing fee is currently Three
Hundred Fifty Dollars ($350) but is subject to change from time to time by the Agent without
notice), charged by the Agent or any Lender in connection with the foregoing.

SECTION 2.12 Mitigation Obligations; Replacement of Lenders.

     (a) If any Lender requests compensation under Section 2.08, or if the Borrowers are
required to pay any additional amount to any Lender or any Governmental Authority for the account
of any Lender pursuant to Section 2.10, then such Lender shall use reasonable efforts to
designate a different lending office for funding or booking its Loans hereunder or to assign its
rights and obligations hereunder to another of its offices, branches or affiliates, if, in the
judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts
payable pursuant to Section 2.08 or 2.10, 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 Borrowers hereby agree 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 2.08, or if the Borrowers are
required to pay any additional amount to any Lender or any Governmental Authority for the account
of any Lender pursuant to Section 2.10, or if any determination described in Section
2.14 is made by the Required Lenders, or if any Lender defaults in its obligation to fund Loans
hereunder, then the Borrowers may, at their sole expense and effort, upon notice to such Lender and
the Agent, require such Lender (or any Lender among such Required Lenders) to assign and delegate,
without recourse (in accordance with and subject to the restrictions contained in Section
9.05), all its interests, rights and obligations under this Agreement to an assignee that shall
assume such obligations (which assignee may be another Lender, if a Lender accepts such
assignment); provided, that (i) the Borrowers shall have received the prior written consent
of the Agent, which consent shall not unreasonably be withheld, (ii) such Lender shall have
received payment of an amount equal to the outstanding principal of its Loans, accrued interest
thereon, accrued fees, and all other amounts payable to it hereunder, from the assignee (to the
extent of such outstanding principal and accrued interest and fees) or the Borrowers (in the case
of all other amounts) and (iii) in the case of any such assignment resulting from a claim for
compensation under Section 2.08 or payments required to be made pursuant to Section
2.10, such assignment will result in a reduction in such compensation or
payments. A Lender shall not be required to make any such assignment and 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 2.13 Fees.

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     (a) Unused Line Fee. Subject to Section 9.14, until the Revolving Loans have
been paid in full and this Agreement and the Commitments are terminated, the Borrowers agree to pay
to the Agent, for the account of the Lenders in accordance with their respective Pro Rata Shares,
on the first day of each calendar quarter (commencing October 1, 2009) and on the Termination Date,
an unused line fee (the “Unused Line Fee”), equal to (i) 1.00% per annum multiplied by the
Unused Portion for any quarter in which Usage is less than or equal to 33% of the Maximum Revolver
Amount, (ii) 0.75% per annum multiplied by the Unused Portion for any quarter in which Usage
exceeds 33% of the Maximum Revolver Amount and is less than or equal to 66% of the Maximum Revolver
Amount, (iii) 0.50% per annum multiplied by the Unused Portion for any quarter in which Usage
exceeds 66% of the Maximum Revolver Amount. For purposes of this Section 2.13(a), the
“Unused Portion” shall mean an amount equal to the Maximum Revolver Amount less Usage; and
“Usage” shall mean, as of the date of any determination thereof, an amount equal to the sum
of: (i) the average daily aggregate amount of Revolving Loans outstanding during the immediately
preceding calendar quarter (or shorter period if calculated for the first calendar quarter
following the Closing Date), plus (ii) the average aggregate undrawn face amount of all outstanding
Letters of Credit outstanding during such quarter (or such shorter period, if applicable), plus
(iii) the average daily aggregate principal amount of any unpaid reimbursement obligations in
respect of Letters of Credit during such quarter (or such shorter period, if applicable). Subject
to Section 9.14, the Unused Line Fee shall be computed on the basis of a 365/366 day year
for the actual number of days elapsed. For purposes of calculating the Unused Line Fee pursuant to
this Section 2.13, any payment received by the Agent (if received prior to 12:00 noon
(Chicago, Illinois time)) shall be deemed to be credited to the Borrowers’ Loan Account on the
Business Day such payment is received by the Agent.

     (b) Letter of Credit Fees and Expenses.

          (i) Subject to Section 9.14, the Borrowers agree to pay to the Agent, for the account
of the Lenders in accordance with their respective Pro Rata Shares a fee (the “Letter of Credit
Fee”) equal to the Letter of Credit Fee Percentage, multiplied by the average undrawn face
amount of each Letter of Credit issued and outstanding hereunder. The Letter of Credit Fee shall
be computed (A) on the basis of a 360 day year for the actual number of days elapsed and (B)
payable quarterly in arrears on the first day of each calendar quarter following any quarter in
which a Letter of Credit was issued and/or in which a Letter of Credit remained outstanding and on
the Termination Date.

          (ii) Subject to Section 9.14, the Borrowers agree to pay to the Letter of Credit
Issuer, for its sole benefit, (A) all reasonable out-of-pocket costs, fees, and expenses incurred
by the Letter of Credit Issuer in connection with the application for, processing, issuance,
renewal, extension, or amendment of any Letter of Credit and (B) a “fronting fee” in an amount
equal to 0.125% of the face amount of such Letter of Credit, which fee shall be due and payable on
the date of issuance, renewal, or extension of each Letter of Credit.

     (c) Fees per Fee Letter. Subject to Section 9.14, upon the execution of this
Agreement and thereafter as and when provided in the Fee Letter, Borrowers agree to pay the fees
set forth in the Fee Letter.

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SECTION 2.14 Inability to Determine Rate. If the Required Lenders determine that for any reason in connection with any request for a Loan
or a conversion to or continuation thereof that (i) Dollar deposits are not being offered to banks
in the London interbank market for the applicable amount and Interest Period of such Loan, (ii)
adequate and reasonable means do not exist for determining LIBOR for any requested Interest Period
with respect to a proposed LIBOR Loan, or (iii) LIBOR for any requested Interest Period with
respect to a proposed LIBOR Loan or in connection with a LIBOR Loan does not adequately and fairly
reflect the cost to such Lenders of funding such Loan, the Agent will promptly so notify the
Borrowers and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR
Loans shall be suspended until the Agent (upon the instruction of the Required Lenders) revokes
such notice. Upon receipt of such notice, the Borrowers may revoke any pending request for a
Borrowing of, conversion to or continuation of LIBOR Loans or, failing that, will be deemed to have
converted such request into a request for a Borrowing of Base Rate Loans in the amount specified
therein.

ARTICLE III

REPRESENTATIONS AND WARRANTIES

     Each of the Borrowers and the other Obligated Parties (other than Holdings) represent and
warrant to the Agent, the Security Trustee and each of the Lenders that:

SECTION 3.01 Organization; Powers. Each of the Borrowers and each of the other Obligated Parties (a) is duly organized, validly
existing and in good standing under the laws of the jurisdiction of its organization, (b) has all
requisite power and authority to own its property and assets and to carry on its business as now
conducted and as proposed to be conducted, (c) is qualified to do business in, and is in good
standing in, every jurisdiction where such qualification is required, except where the failure so
to qualify could not reasonably be expected to result in a Material Adverse Effect, and (d) has the
power and authority to execute, deliver and perform its obligations under each of the Loan
Documents and each other agreement or instrument contemplated hereby to which it is or will be a
party.

SECTION 3.02 Authorization. The execution, delivery and performance by each Obligated Party of each of the Loan Documents,
to which it is or will be a party and the consummation of the Transactions hereunder (a) have been
duly authorized by all requisite corporate or limited liability company action and (b) will not (i)
violate (A) any provision of law, statute, rule or regulation, or of the articles of organization
or operating agreement or other constitutive documents or by-laws of the Obligated Parties or any
Subsidiary, (B) any order of any Governmental Authority where such violation could result in a
Material Adverse Effect or (C) any provision of any indenture, agreement or other instrument to
which Obligated Parties or any Subsidiary is a party or by which any of them or any of their
property
is or may be bound where the Indebtedness or obligations with respect thereto exceeds $10,000,000
individually or in the aggregate, which violation could reasonably be expected to result in
liability of any Obligated Party in an aggregate amount, together with all liabilities of any
Obligated Party described in clause (ii) below and Sections 3.15 and 3.16, exceeding $60,000,000,
(ii) be in conflict with, result in a breach of or constitute (alone or with notice or lapse of
time or both) a default under, or give rise to any right to accelerate or to require the
prepayment, repurchase or redemption of any obligation under any such indenture, agreement or other
instrument, except where the Indebtedness or obligations with respect thereto are less than

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$10,000,000 individually or in the aggregate, which violation could reasonably be expected to
result in liability of any Obligated Party (excluding any liability otherwise accounted for in
clause (i)(B) above) in an aggregate amount, together with all liabilities of any Obligated Party
described in clause (i)(B) above and Sections 3.15 and 3.16, exceeding $60,000,000
or (iii) result in the creation or imposition of any Lien upon or with respect to any property or
assets now owned or hereafter acquired by Obligated Parties or any Subsidiary (other than any Lien
created hereunder or under the Security Documents or the Second Lien Documents).

SECTION 3.03 Enforceability. This Agreement has been duly executed and delivered by the Borrowers and the other Obligated
Parties and constitutes, and each other Loan Document when executed and delivered by each Borrower
and other Obligated Party thereto will constitute, a legal, valid and binding obligation of such
Obligated Party enforceable against such Obligated Party in accordance with its terms, subject to
the effects of applicable bankruptcy, insolvency, moratorium, reorganization or similar laws
affecting creditors’ rights generally and equitable principles of general applicability (regardless
of whether such enforceability is considered in a proceeding at law or in equity).

SECTION 3.04 Governmental Approvals. No action, consent or approval of, registration or filing with or any other action by any
Governmental Authority is or will be required in connection with the Transactions, except for (i)
such actions, consents, approvals, registrations or filings as have been made or obtained and are
in full force and effect or will be obtained in connection with the issuance of the Second Lien
Notes, or (ii) where the failure to obtain, make or effect such actions, consents, approvals,
registrations or filings could not reasonably be expected to result in a Material Adverse Effect.

SECTION 3.05 Financial Statements and Projections. Holdings has heretofore furnished to the Agent and Lenders its consolidated balance sheets and
related consolidated statements of income, shareholders’ equity, cash flow and changes in financial
condition as of and for (i) the fiscal year ended December 31, 2008, audited by and accompanied by
the opinion of Ernst & Young LLP, independent public accountants, (ii) the fiscal quarter ended
March 31, 2009 and (iii) the months of April, 2009 and May, 2009. Such financial statements
present fairly the financial condition and results of operations and cash flows of Holdings and its
consolidated Subsidiaries as of such dates and for such periods. Such balance sheets and the notes
thereto disclose all material liabilities, direct or contingent, of Holdings and its consolidated
Subsidiaries as of the dates thereof. Such financial statements were prepared in accordance with
GAAP applied on a consistent basis.

SECTION 3.06 No Material Adverse Change. Since December 31, 2008, there has been no event or occurrence which has had or could reasonably
be expected to have a Material Adverse Effect.

SECTION 3.07 Title to Properties; Possession Under Leases. Each of the Obligated Parties has good and marketable title to, or valid leasehold interests
in, all its material properties and assets (including all Mortgaged Properties), except for minor
defects in title that do not interfere with its ability to conduct its business as currently
conducted or to utilize such properties and assets for their intended purposes. All such material
properties and assets are free and clear of Liens, other than Liens expressly permitted by
Section 6.02. Without limiting the generality of the foregoing, (a)except as set forth on
Schedule 3.07(a) to the Disclosure Letter, each of the Vessels owned by any of

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the
Obligated Parties has been duly documented under the laws of the United States in the name of the
Obligated Party or the Subsidiary listed on Schedule 3.19(c) to the Disclosure Letter as
the owner thereof, and no other action is necessary to establish and perfect such entities’ title
to and interest in such Vessels, (b) except as set forth on Schedule 3.07(b) to the
Disclosure Letter, each of the Obligated Parties and their Subsidiaries is in material compliance
with all obligations under all material leases to which it is a party and all such leases are in
full force and effect, and each of the Obligated Parties and their Subsidiaries enjoys peaceful and
undisturbed possession under all such material leases, (c) except as set forth on Schedule
3.07(c) to the Disclosure Letter, no Obligated Party has received any notice of, nor has any
knowledge of, any pending or contemplated condemnation proceeding materially and adversely
affecting the Mortgaged Properties or any sale or disposition thereof in lieu of condemnation which
is material to the business of the Obligated Parties, and (d) except as set forth on Schedule
3.07(d) to the Disclosure Letter, none of the Obligated Parties or any of the Subsidiaries is
obligated under any right of first refusal, option or other contractual right to sell, assign or
otherwise dispose of any Mortgaged Property or any interest therein. Each of the Obligated Parties
owns, or is licensed to use, all trademarks, trade names, copyrights, patents and other
intellectual property material to its business, and the use thereof by the Obligated Parties does
not infringe upon the rights of any other person, except for any such infringements that,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse
Effect.

SECTION 3.08 Subsidiaries. Schedule 3.08 to the Disclosure Letter sets forth as of the date hereof a list of all
Subsidiaries and the percentage ownership interest of each of the Obligated Parties therein. The
shares of Equity Interests or other ownership interests so indicated on Schedule 3.08 to
the Disclosure Letter are fully paid and nonassessable and are owned by the Obligated Parties,
directly or indirectly, free and clear of all Liens (other than Permitted Liens) or as set forth on
Schedule 3.08 to the Disclosure Letter.

SECTION 3.09 Litigation; Compliance with Laws. (a) Except as set forth on Schedule 3.09 to the Disclosure Letter, there are not any
actions, suits or proceedings at law or in equity or by or before any Governmental Authority now
pending or, to the knowledge of the Obligated Parties, threatened against or affecting the
Obligated Parties or any Subsidiary or any business, property or rights of any such person (i) that
involve any Loan
Document or the Transactions or (ii) as to which there is a reasonable possibility of an adverse
determination and that, if adversely determined, could reasonably be expected, individually or in
the aggregate, to result in a Material Adverse Effect, and (b) none of the Obligated Parties or any
of the Subsidiaries or any of their respective material properties or assets is in violation of,
nor will the continued operation of their material properties and assets as currently conducted
violate, any law, rule or regulation (including any zoning, building, Environmental Law, ordinance,
code or approval or any building permits) or any restrictions of record or agreements affecting the
Mortgaged Properties, or is in default with respect to any judgment, writ, injunction, decree or
order of any Governmental Authority, in each case, where such violation or default could reasonably
be expected to result in a Material Adverse Effect.

SECTION 3.10 Agreements. (a) None of the Obligated Parties or any of the Subsidiaries is a party to any agreement or
instrument or subject to any corporate restriction that has resulted or could reasonably be
expected to result in a Material Adverse Effect, and (b) after giving effect to the Transactions,
none of the Obligated Parties or any of the Subsidiaries is in default in any manner under any
provision of any indenture or other agreement or instrument evidencing Indebtedness, or any other
material agreement or instrument to which it is a party or by which it or any of its

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properties or
assets are or may be bound, where such default could reasonably be expected to result in a Material
Adverse Effect.

SECTION 3.11 Federal Reserve Regulations. (a) None of the Obligated Parties or any of the Subsidiaries is engaged principally, or as one
of its important activities, in the business of extending credit for the purpose of buying or
carrying Margin Stock, and (b) no part of the proceeds of the Loans will be used, whether directly
or indirectly, and whether immediately, incidentally or ultimately, for any purpose that entails a
violation of, or that is inconsistent with, the provisions of the Regulations of the Board,
including Regulation U or X.

SECTION 3.12 Investment Company Act. None of the Obligated Parties or any Subsidiary is an “investment company” as defined in, or
subject to regulation under, the Investment Company Act of 1940.

SECTION 3.13 Tax Returns. Each of Obligated Parties and their Subsidiaries have filed or caused to be filed all Federal
income tax returns and all material Federal non-income, material state, material local and material
foreign tax returns and has paid or caused to be paid all taxes shown on such returns to be due and
payable by it and all assessments received by it, except taxes that are being contested in good
faith by appropriate proceedings and for which the Obligated Parties or such Subsidiary, as
applicable, shall have set aside on its books adequate reserves.

SECTION 3.14 No Material Misstatements. No information, report, financial statement, exhibit or schedule furnished by or on behalf of
the Obligated Parties to the Agent, the Security Trustee or any Lender in connection with the
negotiation of any Loan Document or included therein or delivered pursuant thereto contained, contains or will
contain any material misstatement of fact or omitted, omits or will omit 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, provided that to the extent any such information, report,
financial statement, exhibit or schedule was based upon or constitutes a forecast or projection,
each of the Obligated Parties represents only that it acted in good faith and utilized reasonable
assumptions and due care in the preparation of such information, report, financial statement,
exhibit or schedule.

SECTION 3.15 ERISA. No ERISA Event has occurred or is reasonably expected to occur that, when taken together with
all other such ERISA Events for which liability is reasonably expected to occur, could reasonably
be expected to result in liability of any Obligated Party in an aggregate amount exceeding
$20,000,000 or, together with all liabilities of any Obligated Party described in Sections
3.02(b)(i)(C), 3.02(b)(ii) and 3.16, exceeding $60,000,000. Except as
disclosed in Schedule 3.15 to the Disclosure Letter, the present value of all accumulated
benefit obligations under all Plans in the aggregate (based on the assumptions used for purposes of
Statement of Financial Accounting Standards No. 87) did not, as of the date of the most recent
financial statements reflecting such amounts, exceed the fair market value of the assets of such
Plan in the aggregate.

SECTION 3.16 Environmental Matters. Except as set forth in Schedule 3.16 to the Disclosure Letter, to the Obligated Parties’
knowledge: (a) the properties owned or operated by each Obligated Party and its Subsidiaries (the
“Properties”) do not contain any Hazardous Materials in amounts or concentrations which (i)
constitute, or constituted a violation of, or (ii) require Remedial Action

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under Environmental
Laws, which violations and required Remedial Actions, and liabilities arising therefrom, in the
aggregate, could reasonably be expected to result in liability of any Obligated Party in an
aggregate amount, together with all liabilities of any Obligated Party described in Sections
3.02(b)(i)(C), 3.02(b)(ii) and 3.15, exceeding $60,000,000, (b) the Properties
and all operations of each Obligated Party and its Subsidiaries are in compliance, and in the last
six years have been in compliance, with all Environmental Laws and all necessary Environmental
Permits have been obtained and are in effect for operations as currently conducted, except to the
extent that such non-compliance or failure to obtain any necessary permits, in the aggregate, could
not reasonably be expected to result in a Material Adverse Effect, (c) there have been no Releases
or threatened Releases at, from, under or proximate to the Properties or otherwise in connection
with the operations of the Obligated Parties or the Subsidiaries, which Releases or threatened
Releases, in the aggregate, could reasonably be expected to result in a Material Adverse Effect,
(d) none of the Obligated Parties or any of the Subsidiaries has received any written notice of an
Environmental Claim in connection with the Properties or the operations of the Obligated Parties or
the Subsidiaries or with regard to any person whose liabilities for environmental matters the
Obligated Parties or the Subsidiaries have retained or assumed, in whole or in part, contractually,
by operation of law or otherwise, which, in the aggregate, could reasonably be expected to result
in a Material Adverse Effect, nor do the Obligated Parties or the Subsidiaries have reason to
believe that any such notice will be received or is being threatened; and (e) Hazardous Materials
have not been transported from the Properties, nor have Hazardous Materials been generated,
treated, stored or disposed of at, on or under any of the Properties in a manner that could
reasonably be expected to give rise to liability under any
Environmental Law, nor have the Obligated Parties or the Subsidiaries retained or assumed any
liability contractually, by operation of law or otherwise, with respect to the generation,
treatment, storage or disposal of Hazardous Materials, which transportation, generation, treatment,
storage or disposal, or retained or assumed liabilities, in the aggregate, could reasonably be
expected to result in a Material Adverse Effect.

SECTION 3.17 Insurance. Schedule 3.17 to the Disclosure Letter sets forth a true, complete and correct
description of all insurance maintained by the Obligated Parties or by the Obligated Parties for
their Subsidiaries as of the date hereof. As of the date hereof, such insurance is in full force
and effect and all premiums due and payable have been duly paid. The Obligated Parties and their
Subsidiaries have insurance in such amounts and covering such risks and liabilities as are in
accordance with normal industry practice.

SECTION 3.18 Security Documents. (a) The Pledge Agreement is effective to create in favor of the Agent, for the ratable benefit
of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as
defined in the Pledge Agreement) and, for so long as the Agent continues to hold such Collateral,
the Pledge Agreement shall constitute a fully perfected first priority Lien on, and security
interest in, all right, title and interest of the pledgors thereunder in such Collateral, in each
case prior and superior in right to any other person, (b) the Security Agreement is effective to
create in favor of the Agent, for the ratable benefit of the Secured Parties, a legal, valid and
enforceable security interest in the Collateral (as defined in the Security Agreement), in each
case prior and superior in right to any other person, other than with respect to Liens expressly
permitted by Section 6.02, (c) the Trademark Security Agreement filed in the United States
Patent and Trademark Office constitutes (together with the financing statements filed with the
Secretary of State of Delaware) a fully perfected Lien on, and security interest in, all right,
title and interest of the Obligated Parties thereunder in, respectively, the registered copyrights
and the registered trademarks

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of the Obligated Parties, in each case which constitute Intellectual
Property (as defined in the Security Agreement), and in each case prior and superior in right to
any other person (it being understood that subsequent recordings in the United States Patent and
Trademark Office may be necessary to perfect a lien on registered trademarks and trademark
applications acquired by the Obligated Parties after the date hereof), (d) the Mortgages are
effective to create in favor of the Agent, for the ratable benefit of the Secured Parties, a legal,
valid and enforceable Lien on all of the Obligated Parties’ right, title and interest in and to the
Mortgaged Properties thereunder and the proceeds thereof, in each case prior and superior in right
to any other person, other than with respect to the rights of persons pursuant to Liens expressly
permitted by Section 6.02, and (e) the Fleet Mortgages are effective to create a legal,
valid and enforceable Lien on all of the Obligated Parties’ right, title and interest in and to the
owned Vessels specified therein, and the proceeds thereof, in each case prior and superior in right
to any other person, other than with respect to the rights of persons pursuant to Liens expressly
permitted by Section 6.02.

SECTION 3.19 Location of Real Property, Drydocks and Leased Premises and List of Vessels. (a) Schedule 3.19(a) to the Disclosure Letter lists completely and correctly as of the
Closing Date all real property and drydocks owned by the Obligated Parties and the addresses
thereof, other than
certain real property having a book value not in excess of $500,000. The Obligated Parties own in
fee all the real property set forth on Schedule 3.19(a) to the Disclosure Letter on the
Closing Date; (b) Schedule 3.19(b) to the Disclosure Letter lists completely and correctly
as of the Closing Date all real property and drydocks leased by the Obligated Parties and the
addresses thereof, other than certain real property having a book value not in excess of $500,000.
As of the Closing Date, the Obligated Parties have valid leases in all the real property and
drydocks set forth on Schedule 3.19(b) to the Disclosure Letter; and (c) Schedule
3.19(c) to the Disclosure Letter lists completely and correctly as of the date hereof all
Vessels owned or leased by the Obligated Parties on the Closing Date. Except as disclosed on
Schedule 3.19(b) to the Disclosure Letter, as of the Closing Date there are no leases
affecting any portion of the Real Estate. Each such lease is in full force and effect, and, except
as disclosed on Schedule 3.19(b) to the Disclosure Letter, none of the Obligated Parties
has given, nor to any of the Obligated Parties’ knowledge has it received, any uncured or unwaived
notice of default with respect to any material obligation under any such lease. Each such lease is
subject to no lien, charge or encumbrance other than Permitted Liens.

SECTION 3.20 Labor Matters. Except as set forth on Schedule 3.20 to the Disclosure Letter, as of the date hereof
there are no strikes, lockouts or slowdowns against any of Obligated Parties or any Subsidiary
pending or, to the knowledge of the Obligated Parties, threatened. The hours worked by and
payments made to employees of each Obligated Party and its Subsidiaries have not been in material
violation of the Fair Labor Standards Act or any other applicable Federal, state, local or foreign
law dealing with such matters. All payments due from the Obligated Parties or any Subsidiary, or
for which any claim may be made against the Obligated Parties or any Subsidiary, on account of
wages and employee health and welfare insurance and other benefits, have been paid or accrued as a
liability on the books of the Obligated Parties or such Subsidiary. The consummation of the
transactions under this Agreement will not give rise to any right of termination or right of
renegotiation on the part of any union under any collective bargaining agreement to which the
Obligated Parties or any Subsidiary is bound.

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SECTION 3.21 Solvency. Immediately after the consummation of the Transactions, (a) the fair value of the assets of each
Obligated Party, at a fair valuation, will exceed its debts and liabilities, subordinated,
contingent or otherwise; (b) the present fair saleable value of the property of each Obligated
Party will be greater than the amount that will be required to pay the probable liability of its
debts and other liabilities, subordinated, contingent or otherwise, as such debts and other
liabilities become absolute and matured; (c) each Obligated Party will be able to pay its debts and
liabilities, subordinated, contingent or otherwise, as such debts and liabilities become absolute
and matured; and (d) each Obligated Party will not have unreasonably small capital with which to
conduct the business in which it is engaged as such business is now conducted and is proposed to be
conducted following the Closing Date.

SECTION 3.22 Bank Accounts. Schedule 3.22 to the Disclosure Letter contains a complete and accurate list of all bank
accounts maintained by each Obligated Party as of the Closing Date with any bank or other financial
institution.

SECTION 3.23 Common Enterprise. The successful operation and condition of each of the Borrowers is dependent on the continued
successful performance of the functions of Borrowers as a whole and the successful operation of
each of the Borrowers is dependent on the successful performance and operation of the other
Borrowers. Each Borrower expects to derive benefit (and its board of directors or other governing
body has determined that it may reasonably be expected to derive benefit), directly and indirectly,
from successful operations of the other Borrowers. Each Borrower expects to derive benefit (and
the boards of directors or other governing body of each Borrower has determined that it may
reasonably be expected to derive benefit), directly and indirectly, from the credit extended by the
Lenders to the Borrowers hereunder, both in their separate capacities and as members of the group
of companies. Each Borrower has determined that execution, delivery, and performance of this
Agreement and any other Loan Documents to be executed by such Borrower is within its purpose, will
be of direct and indirect benefit to such Borrower, and is in its best interest.

ARTICLE IV

CONDITIONS OF LENDING

SECTION 4.01 Conditions Precedent to Closing. The obligation of the Lenders to make the initial Revolving Loans on the Closing Date, and the
obligation of the Agent to cause the Letter of Credit Issuer to issue any Letter of Credit on the
Closing Date, are subject to the following conditions precedent having been satisfied on or prior
to July 7, 2009 in a manner satisfactory to the Agent, the Syndication Agent and each Lender.

     (a) Supporting Documents. The Agent shall have received for each of the Obligated
Parties:

          (i) a copy of such entity’s certificate of incorporation or formation, as amended, certified
as of a recent date by the Secretary of State of the state of its incorporation or formation;

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          (ii) a certificate of such Secretary of State, dated as of a recent date, as to the good
standing of and, if customarily provided by such Secretary of State, payment of taxes by, that
entity and as to the charter documents on file in the office of such Secretary of State; and

          (iii) a certificate of the Secretary or an Assistant Secretary of that entity dated the
Closing Date certifying (A) that attached thereto is a true and complete copy of the by-laws or
limited liability company agreement or operating agreement of that entity as in effect on the date
of such certification, (B) that attached thereto is a true and complete copy of resolutions adopted
by the Board of Directors or managers of that entity authorizing the Transactions, the execution,
delivery and performance in accordance with their respective terms of this Agreement, the Loan
Documents and any other documents required or contemplated hereunder or thereunder and the granting
of other
Liens contemplated hereby, (C) that the certificate of incorporation or formation of that
entity has not been amended since the date of the last amendment thereto indicated on the
certificate of the Secretary of State furnished pursuant to clause (i) above and (D) as to the
incumbency and specimen signature of each officer or manager of that entity executing this
Agreement and the Loan Documents or any other document delivered by it in connection herewith or
therewith (such certificate to contain a certification by another officer or manager of that entity
as to the incumbency and signature of the officer or manager signing the certificate referred to in
this clause (iii)).

     (b) Intercreditor Agreement. The Agent shall have received a fully executed copy of
the Intercreditor Agreement, which shall be satisfactory in form and substance to the Agent and the
Lenders.

     (c) Security Agreement, Pledge Agreement, Deposit Account Control Agreements, Fleet
Mortgages and Mortgages. The Obligated Parties shall have duly executed and delivered to the
Agent the Security Agreement, the Trademark Security Agreement, the Pledge Agreement and each
Deposit Account Control Agreement required by Agent to be delivered on or prior to the Closing
Date. Each of ACL and ACLTS shall have executed and delivered the Fleet Mortgages (it being
understood that, notwithstanding the filing of the Fleet Mortgages with the United States Coast
Guard on the Closing Date, written evidence of the recordation with the United States Coast Guard
of the Fleet Mortgage may not be available for a period of up to 180 days following the Closing
Date). The Borrowers and each applicable Guarantor shall have duly executed and delivered to the
Agent the Mortgages.

     (d) Guaranty Agreement. The Guarantors shall have duly executed and delivered to the
Agent the Guaranty Agreement.

     (e) Opinion of Counsel. The Agent and Lenders shall have received the favorable
written opinion of counsel to the Obligated Parties reasonably acceptable to the Agent and Lenders,
dated the Closing Date, substantially in the form of Exhibit B.

     (f) Payment of Fees. The Borrowers shall have paid to Agent, for itself, the Lenders
or any other applicable Credit Provider or Person, the then unpaid balance of all accrued and
unpaid costs, expenses and fees due under and pursuant to the Fee Letter and this Agreement.

     (g) Corporate and Judicial Proceedings. All corporate and judicial proceedings and
all instruments and agreements in connection with the
Transactions among the Obligated Parties, the

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Agent and each Lender contemplated by this Agreement shall be reasonably satisfactory in form and
substance to the Agent and each Lender, and the Agent shall have received all information and
copies of all documents and papers, including records of corporate and judicial proceedings, which
the Agent and each Lender may have reasonably requested in connection therewith, such documents and
papers where appropriate to be certified by proper corporate, governmental or judicial authorities.

     (h) Governmental and Third Party Consents and Approvals. The Agent shall have
received evidence satisfactory to it that all filings, consents, or approvals with or of the owners
of any Equity Interests of any Obligated Party, any Governmental Authority, or any other third
party have been made or obtained, as applicable.

     (i) Information. The Agent and the Lenders shall have received such information as
may be reasonably requested by any of them and shall be satisfied with the form, scope and
substance thereof.

     (j) Solvency. The Agent and the Lenders shall be satisfied as to the matters
contained in Section 3.21 as to the solvency of the Borrowers on and as of the Closing Date
(after giving effect to the consummation of the Transactions).

     (k) Certificate as to Vessels. The Agent shall have received, in form, scope and
substance satisfactory to it, a certificate of a Financial Officer certifying as to all of the
Vessels that are owned by the Borrowers and the Guarantors, whether or not registered with the
United States Coast Guard.

     (l) Unused Availability. After giving effect to all Borrowings on the Closing Date
and payment of all fees and expenses due hereunder, and with all of the Borrowers’ Indebtedness,
liabilities, and obligations current, the Unused Availability shall not be less than $75,000,000.

     (m) Issuance of Second Lien Notes. The Agent shall have received evidence that the
Borrowers will issue contemporaneously with the execution of this Agreement not less than
$175,000,000 in notional amount of Second Lien Notes on terms and conditions satisfactory to the
Agent and Lenders.

     (n) Termination of the Existing Loan Agreement. All Indebtedness of the Obligated
Parties outstanding under the Existing Loan Agreement as of the Closing Date shall be paid in full,
outstanding letters of credit thereunder terminated or continued as Letters of Credit under this
Agreement, the Existing Loan Agreement and all commitments, including all “Revolving Loan
Commitments”, thereunder (and as such term is defined therein) shall be terminated and the Liens
heretofore granted by any Obligated Party in favor of the “Agent” or any “Lender” under (and as
such terms are defined in) the Existing Loan Agreement shall be terminated and released.

SECTION 4.02 Conditions Precedent to Each Loan. The obligation of the Lenders to make each Loan, including the initial Loans on the Closing
Date, and the obligation of the Agent to cause the Letter of Credit Issuer to issue any Letter of
Credit shall be subject to the further conditions precedent that on and as of the date of any such
Borrowing the following statements shall be true, and the request or deemed request by the
Borrowers of any Borrowing shall be deemed to be a statement by each of the Obligated Parties to
the effect set forth in clause (a), clause (b), and clause

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(c) following with the same effect as
the delivery to the Agent or the Security Trustee of a certificate signed by a Responsible Officer
of each of the Obligated Parties, dated the date of such extension of credit, stating that:

     (a) the representations and warranties contained in this Agreement (other than Section
3.06) and the other Loan Documents are correct in all material respects on and as of the date
of such Borrowing as though made on and as of such date, other than any such representation or
warranty that relates to a specified prior date (which shall be correct on and as of such date) and
except to the extent the Agent, the Security Trustee and the Lenders have been notified in writing
by the
Borrowers that any representation or warranty is not correct and the Majority Lenders have
explicitly waived in writing the failure of such representation or warranty to be correct;

     (b) no event or circumstance exists, or would result from such Borrowing, that constitutes a
Default or an Event of Default;

     (c) no event or circumstance exists, or would result from such Borrowing, that has had, or
could reasonably be expected to have, a Material Adverse Effect; and

     (d) the proposed Borrowing does not exceed the Unused Availability prior to giving effect to
such Borrowing;

provided, that the foregoing conditions precedent are not conditions to any Lender
participating in or reimbursing the Bank or the Agent for such Lender’s Pro Rata Share of any
Non-Ratable Loan or Agent Advance made in accordance with the provisions of Section
2.01(b)(ix) and Section 2.01(b)(x).

ARTICLE V

AFFIRMATIVE COVENANTS

     From the date hereof and for so long as any Loan, Commitments or non-contingent Obligations
due and payable under the Loan Documents shall remain outstanding or unpaid under this Agreement,
or any Letter of Credit shall remain outstanding, the Obligated Parties agree that, unless the
Majority Lenders shall otherwise consent in writing, the Obligated Parties (other than Holdings)
will:

SECTION 5.01 Existence; Businesses and Properties.

     (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and
effect its legal existence, except as otherwise expressly permitted under Section 6.04.

     (b) Do or cause to be done all things necessary to obtain, preserve, renew, extend and keep in
full force and effect in all material respects the rights, licenses, permits, franchises,
authorizations, patents, copyrights, trademarks and trade names material to the conduct of its
consolidated business; maintain and operate such business in substantially the manner in which it
is presently conducted and operated other than as affected by Permitted Transactions; comply in all
material respects with all applicable laws, rules, regulations (including any zoning, building,
Environmental Law, ordinance, code or approval or any building permits or any restrictions of

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record or agreements affecting the Mortgaged Properties) and decrees and orders of any Governmental
Authority, whether now in effect or hereafter enacted, except where such non-compliance could not
reasonably be expected to result in a Material Adverse Effect; and, except in the case of sales,
transfer or other dispositions of assets permitted pursuant to Section 6.04 or any casualty
or condemnation event resulting in any Casualty Proceeds or Condemnation Proceeds being paid to any
Obligated Party, at all times maintain and preserve all property material to the conduct of such
business and keep in all material respects such property in good repair, working order and
condition, normal wear and tear excepted, and from time to time make, or cause to be made, all
needful and proper repairs, renewals, additions, improvements and replacements thereto
necessary in order that the business carried on in connection therewith may be properly conducted
at all times.

SECTION 5.02 Insurance.

     (a) In the case of the Obligated Parties and each Subsidiary, keep its insurable properties
adequately insured at all times by financially sound and reputable insurers (including navigating
risk and marine hull and machinery insurance and full form marine protection and indemnity
insurance providing for aggregate annual deductible amounts for all Obligated Parties as are then
consistent with or customary for (or not in excess of) companies in the same or similar business
operating in the same or similar locations; maintain such other insurance, to such extent and
against such risks, including fire and other risks insured against, except flood insurance which is
discussed in clause (c) below, by extended coverage, in each case as is customary with companies in
the same or similar businesses operating in the same or similar locations, including public
liability insurance against claims for personal injury or death or property damage occurring upon,
in, about or in connection with the use of any properties owned, occupied or controlled by it; and
maintain such other insurance as may be required by law.

     (b) Cause all such property insurance policies to be endorsed or otherwise amended to include
a “standard” or “New York” lender’s loss payable endorsement, in the form of Exhibit H,
cause all such policies to provide that neither the Obligated Parties, the Agent, the Security
Trustee nor any other party shall be a coinsurer thereunder; cause all such policies to contain
such other provisions as the Agent and the Security Trustee may reasonably require from time to
time to protect the interest of the Agent, the Security Trustee and the Lenders; cause all such
policies relating to owned Vessels to include insurance in respect of each Vessel in an aggregate
amount equal to the then fair market value or the book value of such Vessel, and such other
provisions as the Agent and the Security Trustee may reasonably require from time to time to
protect their interests; deliver to the Agent and the Security Trustee (A) a detailed report signed
by independent marine insurance brokers reasonably acceptable to the Agent and the Security Trustee
describing the insurance policies then carried and maintained by the Obligated Parties and each
Subsidiary (including the names of the underwriters, the types of risks covered by such policies,
the amount insured thereunder and the expiration date thereof) and stating that such insurance is,
to such insurance broker’s knowledge, comparable to that carried by other experienced and
responsible companies in the same or similar businesses operating in the same or similar locations
and (B) if requested by the Agent or the Security Trustee, a copy of such policies in a form
reasonably acceptable to the Agent and the Security Trustee; cause each such policy to provide that
it shall not be canceled, modified or not renewed (i) by reason of nonpayment of premium upon not
less than 10 days’ prior written notice thereof by the insurer to the Agent and the Security
Trustee (giving the Agent and the Security Trustee the right to cure defaults in the payment of
premiums) or (ii) for any other reason upon not

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less than 30 days’ prior written notice thereof by
the insurer to the Agent and the Security Trustee; deliver to the Agent and the Security Trustee,
prior to the cancellation, modification or nonrenewal of any such policy of insurance, a detailed
report signed by independent marine insurance brokers reasonably acceptable to the Agent and the
Security Trustee describing such renewal or replacement policy (including the names of the
underwriters, the types of risks covered by such policies, the amount insured thereunder and the
expiration date thereof) together with evidence satisfactory to the Agent and the Security Trustee
of payment of the premium therefor.

     (c) Notwithstanding any other provision of this Section, the Agent, the Security Trustee and
the Required Lenders approve and agree that the flood insurance currently in effect is satisfactory
and shall not require the Obligated Parties to acquire any additional flood insurance absent a
material change in the nature of the Mortgaged Properties, taken as a whole, or if required by any
regulation to which any Lender is subject.

     (d) With respect to any Mortgaged Property, carry and maintain comprehensive general liability
insurance including the “broad form CGL endorsement” and coverage on an occurrence basis against
claims made for personal injury (including bodily injury, death and property damage) and umbrella
liability insurance against any and all claims, in no event for a combined single limit of less
than $25,000,000, naming the Agent and the Security Trustee as additional insureds, on forms
satisfactory to the Agent and the Security Trustee.

     (e) Notify the Agent and the Security Trustee immediately whenever any separate insurance
concurrent in form or contributing in the event of loss with that required to be maintained under
this Section 5.02 is taken out by any Borrower; and promptly deliver to the Agent and the
Security Trustee a duplicate original copy of such policy or policies.

     (f) Without limiting the generality of the foregoing, keep the owned Vessels insured in
accordance with the insurance requirements of the Fleet Mortgages.

SECTION 5.03 Obligations and Taxes. Pay and discharge promptly when due all taxes, assessments and governmental charges or levies
imposed upon it or upon its income or profits or in respect of its property, before the same shall
become delinquent or in default, as well as all lawful claims for labor, materials and supplies or
otherwise that, if unpaid, might give rise to a Lien (other than any Lien permitted under
Section 6.02) upon such properties or any part thereof; provided, however,
that such payment and discharge shall not be required with respect to any such tax, assessment,
charge, levy or claim so long as the validity or amount thereof shall be contested in good faith by
appropriate proceedings and each of the Obligated Parties shall have set aside on its books
adequate reserves with respect thereto in accordance with GAAP and such contest operates to suspend
collection of the contested obligation, tax, assessment or charge and enforcement of a Lien and, in
the case of a Mortgaged Property, there is no risk of forfeiture of such property.

SECTION 5.04 Financial Statements, Reports, etc.
In the case of the Obligated Parties, deliver to the Agent, which delivery to Agent shall be
deemed delivery to each of the Lenders:

     (a) within 90 days after the end of each fiscal year, Holdings’ consolidated and consolidating
balance sheets and related statements of income, cash flows and members’ equity interests and/or
shareholders’ equity as the case may be, showing the financial condition of Holdings

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and its
Subsidiaries on a consolidated and consolidating basis as of the close of such fiscal year and the
results of their respective operations during such year, the consolidated and consolidating
statements of Holdings shall have been audited for Holdings and its Subsidiaries by Ernst & Young
LLP or other independent public accountants of recognized national standing and accompanied by an
opinion of such accountants (which shall not be qualified in any material respect) and shall
have been certified by a Financial Officer of Holdings to the effect that such consolidated and
consolidating financial statements fairly present the financial condition and results of operations
of Holdings, the Borrowers and the other Obligated Parties on a consolidated and consolidating
basis in accordance with GAAP;

     (b) commencing with the first fiscal month following the Closing Date, as soon as practicable,
but in no event later than 30 days after the end of each fiscal month of Holdings (other than any
fiscal month which is also the end of a fiscal quarter for Holdings), monthly unaudited
consolidated and consolidating balance sheets of Holdings and its Subsidiaries and related
consolidated and consolidating statements of income and cash flows of the Holdings and their
Subsidiaries for the prior fiscal month and the year to date, each certified by a Financial Officer
of Holdings as fairly presenting the financial condition and results of operations of the Holdings
and its Subsidiaries on a consolidated and consolidating basis in accordance with GAAP, subject to
normal year-end audit adjustments and the absence of footnotes;

     (c) (i) concurrently with any delivery of financial statements under (a) and (b) above, a
certificate of a Financial Officer (A) certifying such statements, (B) certifying that no Event of
Default or event which upon notice or lapse of time or both would constitute an Event of Default
has occurred, or, if such an Event of Default or event has occurred, specifying the nature and
extent thereof and any corrective action taken or proposed to be taken with respect thereto and (C)
setting forth computations in reasonable detail satisfactory to the Agent demonstrating compliance
with the provisions of Sections 6.09 and 6.10 (regardless whether a Covenant
Testing Trigger Period is then in effect), and (ii) concurrently with any delivery of financial
statements under (a) above, a certificate (which certificate may be limited to accounting matters
and disclaim responsibility for legal interpretations) of the accountants auditing the consolidated
and consolidating financial statements delivered under (a) above certifying that, in the course of
the regular audit of the business of Holdings and its Subsidiaries, such accountants have obtained
no knowledge that an Event of Default under Section 6.09 or 6.10 (if applicable)
has occurred and is continuing, or if, in the opinion of such accountants, such an Event of Default
has occurred and is continuing, specifying the nature thereof and all relevant facts with respect
thereto;

     (d) no later than February 28 of each year, commencing February 28, 2010, monthly financial
projections, including consolidated balance sheets and related statements of income and cash flows,
for such fiscal year;

     (e) as soon as available, but in any event (i) within fifteen (15) days after the end of each
calendar month as of the end of such calendar month, and (ii) within five (5) Business Days after
the end of each calendar week as of the end of such calendar week (A) during any Cash Dominion
Trigger Period and (B) following the occurrence and during the continuance of an Event of Default,
a Borrowing Base Certificate and supporting information in connection therewith;

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     (f) as soon as available, but in any event within fifteen (15) days of the end of each
calendar month, or at such other times as may be requested by the Agent following the occurrence
and during the continuance of an Event of Default, an aging (in form reasonably satisfactory to the
Agent) of each Borrower’s Accounts as of the last day of such calendar month, together with a
reconciliation to the corresponding Borrowing Base and to the applicable Borrower’s general
ledger, which reconciliation shall be reasonably accurate in all material respects;

     (g) as soon as available, but in any event within fifteen (15) days of the end of each
calendar month, or more frequently if requested by the Agent at any time (A) during any Cash
Dominion Trigger Period and (B) following the occurrence and during the continuance of an Event of
Default, (i) Inventory reports by each Borrower, category, quantity, cost, and location (in form
reasonably satisfactory to the Agent), together with a reconciliation to the corresponding
Borrowing Base and to the applicable Borrower’s general ledger as of the last day of such calendar
month, which reconciliation shall be reasonably accurate in all material respects, and (ii)
perpetual Inventory reports;

     (h) as soon as available, but in any event within fifteen (15) days of the end of each
calendar month, or at such other times as may be requested by the Agent following the occurrence
and during the continuance of an Event of Default, a listing (in form reasonably satisfactory to
the Agent) of each Borrower’s Eligible Vessels as of the last day of such calendar month, together
with the net book value of each thereof, which net book value shall be reasonably accurate in all
material respects;

     (i) promptly after the same become publicly available, copies of all periodic and other
reports, proxy statements and other materials filed by it with the Securities and Exchange
Commission, or any governmental authority succeeding to any of or all the functions of said
commission, or with any national securities exchange, as the case may be; and

     (j) promptly, from time to time, such other information regarding the operations, business
affairs and financial condition of the Obligated Parties or any Subsidiary or compliance with the
terms of any material loan or financing agreements, as the Agent, at the request of any Lender, may
reasonably request.

The Agent and the Lenders acknowledge and agree that so long as Holdings is a publicly reporting
company, filings with respect to its financial statements submitted to the Securities and Exchange
Commission within the time periods required by subsections (a), and (h) above shall be deemed to
satisfy the requirements for the delivery of such financial statements in subsections (a) and (h)
above.

SECTION 5.05 Litigation and Other Notices. Furnish to the Agent and each Lender prompt written notice of the following:

     (a) the filing or commencement of, or any written threat or notice of intention of any person
to file or commence, any action, suit or proceeding, whether at law or in equity or by or before
any Governmental Authority, against any Obligated Party that could reasonably be expected to result
in a Material Adverse Effect;

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     (b) the assertion of any claim by a third party, whether such claim would be covered by
insurance, against any Obligated Party that could reasonably be expected to result in a Material
Adverse Effect;

     (c) the occurrence of any ERISA Event since the date of this Agreement that, alone or together
with any other ERISA Events that have occurred since the date of this Agreement, could reasonably
be expected to result in liability of any Obligated Party in an aggregate amount exceeding
$5,000,000 (except as disclosed on Schedule 3.15 to the Disclosure Letter); and

     (d) any development that has resulted in, or could reasonably be expected to result in, a
Material Adverse Effect.

Each notice delivered under this Section shall be accompanied by a statement of a Financial Officer
or other executive officer of the Borrowers setting forth the details of the event or development
requiring such notice and any action taken or proposed to be taken with respect thereto.

SECTION 5.06 Maintaining Records; Access to Properties and Inspections. Keep proper books of record and account in which full, true and correct entries in conformity
with GAAP and all requirements of law are made of all dealings and transactions in relation to its
business and activities. Each Obligated Party and its Subsidiaries will permit any representatives
designated by the Agent or Security Trustee (a) to visit and inspect the financial records and the
Collateral of the Obligated Parties or any Subsidiary at reasonable times and upon reasonable
notice and as often as reasonably requested, to make extracts from and copies of such financial
records, to evaluate Borrowers’ practices in the computation of the Borrowing Base and the assets
included in the Borrowing Base, and pay the reasonable fees and expenses in connection therewith
(except that so long as no Event of Default exists and is continuing, Borrowers shall only be
required to reimburse the Agent and Security Trustee for two (2) such visits and inspections per
calendar year, unless at any time during such year a Covenant Testing Trigger Period occurs, in
which case Borrowers shall then be required to reimburse the Agent and Security Trustee for three
(3) such visits and inspections per calendar year; provided, that if any Event of Default
has occurred and is continuing then no such limitation on Borrowers’ reimbursement obligations
shall apply), (b) to conduct appraisals of the Vessels and Inventory and pay the reasonable fees
and expenses in connection therewith (except that so long as no Event of Default exists and is
continuing, Borrowers shall only be required to reimburse the Agent and Security Trustee for two
(2) Vessel Appraisals (provided, that not more than one (1) such Vessel Appraisal shall be
a physical appraisal) and two (2) appraisals of Inventory (provided, that not more than one
(1) such appraisal of Inventory shall be a physical appraisal) per calendar year, unless at any
time during such year a Covenant Testing Trigger Period occurs, in which case Borrowers shall then
be required to reimburse the Agent and Security Trustee for three (3) Vessel Appraisals and three
(3) appraisals of Inventory per calendar year; provided that if any Event of Default has
occurred and is continuing then no such limitation on Borrowers’ reimbursement obligations shall
apply) and (c) to permit any representatives designated by the Agent or Security Trustee to discuss
the affairs, finances and condition of the Obligated Parties or any Subsidiary with the officers
thereof and independent accountants therefor. In addition to and not in limitation of the
foregoing, Agent and the Security Trustee shall have the right at any time or times, in Agent’s or
the Security Trustee’s name or in the name of a nominee of Agent or the Security Trustee, to verify
the validity, amount or any other matter relating to any Collateral, by mail, telephone, facsimile
transmission or otherwise. In connection with any collateral monitoring or review and appraisal

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relating to the computation of the Borrowing Base, the Borrowers shall make such adjustments to the
Borrowing Base as the Agent shall reasonably require based upon the terms of this Agreement and the
results of such collateral monitoring, review or appraisal. All appraisals
and field examinations shall be conducted in such a manner as to minimize impact on the operations
of the Obligated Parties.

SECTION 5.07 Compliance with Environmental Laws. Except for any non-compliance that could not reasonably be expected to result in a Material
Adverse Effect, comply, and use reasonable efforts to cause all lessees and other persons occupying
its Properties to comply, in all material respects with all Environmental Laws and Environmental
Permits applicable to its operations and Properties; obtain and renew all material Environmental
Permits necessary for its operations and Properties; and conduct any Remedial Action in accordance
with Environmental Laws; provided, however, that none of the Obligated Parties or
any of the Subsidiaries shall be required to undertake any Remedial Action to the extent that its
obligation to do so, if any, is being contested in good faith and by proper proceedings and
appropriate reserves are being maintained (to the extent required) with respect to such
circumstances.

SECTION 5.08 Preparation of Environmental Reports. If a Default caused by reason of a breach of Section 3.16 or 5.07 shall have
occurred and be continuing, at the request of the Required Lenders through the Agent, provide to
the Lenders within 45 days (or such longer period as is reasonably required in the circumstances)
after such request, at the expense of the Borrowers, an environmental site assessment report with
respect to the subject matter of such breach prepared by an environmental consulting firm
reasonably acceptable to the Agent indicating, where appropriate under the circumstances, the
estimated cost of any compliance or Remedial Action in connection with such breach.

SECTION 5.09 Landlords and Bailees. Each Obligated Party will use its best efforts in good faith to provide to the Agent upon the
Agent’s request, an executed Collateral Waiver Agreement (a) from each landlord of leased Real
Estate listed on Schedule 3.19(b) to the Disclosure Letter on which any Collateral is
located and (b) from each Person that is not an Obligated Party and is in possession of any
Collateral. In the event that any Collateral Waiver Agreement requested by the Agent pursuant to
this Section 5.09 is not provided, in lieu of such delivery, the Agent may, in its
discretion, establish a Reserve with respect to any Collateral located on any leased Real Estate or
in the possession of any third party that is not an Obligated Party for which the Agent has not
received such executed Collateral Waiver Agreement, and/or exclude such Collateral from the
determination of the Borrowing Base.

SECTION 5.10 Unused Availability. Upon giving effect to any payment or series of payments made by the Borrowers or the Obligated
Parties aggregating to an amount in excess of five percent (5%) of the Formula Amount (net of (i)
any payments made by Borrowers or the Obligated Parties from or reimbursed by the proceeds of
insurance or (ii) any other recoveries or reimbursements in favor of Borrowers or the Obligated
Parties, in each case, to the extent actually received) in respect of liabilities arising from
claims asserted by third parties, Borrowers shall have Unused Availability of not less than the
lesser of (a) 20% of the Borrowing Base or (b) $75,000,000.

SECTION 5.11 Further Assurances. Execute any and all further documents, financing statements, agreements and instruments, and
take all further action (including filing UCC and other

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financing statements, mortgages and deeds
of trust) that may be required under applicable law, or that the Required Lenders, the Agent or the
Security Trustee may reasonably request, in order to effectuate the transactions contemplated by
the Loan Documents and in order to grant, preserve, protect and perfect the validity and priority
of the security interests created or intended to be created by the Security Documents. Borrowers
will cause any subsequently acquired or organized Domestic Subsidiary to execute a Guaranty
Agreement and each applicable Security Document in favor of the Agent or the Security Trustee
(unless the Agent or Majority Lenders shall fail to approve such Guarantor in accordance with
Section 9.21), provided that no such Domestic Subsidiary shall be required to
pledge more than 65% of the Voting Stock of any Foreign Subsidiary. In addition, from time to
time, Borrowers will, at their cost and expense, promptly secure the Obligations by pledging or
creating, or causing to be pledged or created, perfected security interests with respect to such of
their assets and properties as the Agent or the Required Lenders shall designate (it being
understood that it is the intent of the parties that the Obligations shall be secured by, among
other things, substantially all the assets of the Obligated Parties (including real and other
properties acquired subsequent to the Closing Date) other than the Excluded Collateral),
provided that the Obligated Parties shall not be required to pledge more than 65% of the
Voting Stock of any Foreign Subsidiary. Such security interests and Liens will be created under the
Security Documents and other security agreements, mortgages, deeds of trust and other instruments
and documents in form and substance satisfactory to the Agent and the Security Trustee, and the
Obligated Parties shall deliver or cause to be delivered to the Lenders all such instruments and
documents (including legal opinions, title insurance policies and lien searches) as the Agent or
the Security Trustee shall reasonably request to evidence compliance with this Section. The
Obligated Parties agree to provide such evidence as the Agent or the Security Trustee shall
reasonably request as to the perfection and priority status of each such security interest and
Lien.

ARTICLE VI

NEGATIVE COVENANTS

     From the date hereof and for so long as any Loan, Commitments or non-contingent Obligations
due and payable under the Loan Documents shall remain outstanding or unpaid under this Agreement,
or any Letter of Credit shall remain outstanding, unless the Majority Lenders shall otherwise
consent in writing, the Obligated Parties will not:

SECTION 6.01 Indebtedness. Contract, create, incur, assume or suffer to exist any Indebtedness, except for (a)
Indebtedness under the Loan Documents; (b) Indebtedness among the Obligated Parties; (c) Guarantees
of any Indebtedness otherwise permitted under this Section 6.01; (d) Indebtedness arising
from investments that are permitted by Section 6.03; (e) Indebtedness in respect of Bank
Products in respect of overdrafts and related liabilities arising from treasury, depository and
cash management services, or in connection with any automated clearing house transfers of funds,
(f) Indebtedness owed to any Person providing workers’ compensation, health, disability or other
employee benefits or property, casualty or liability insurance, pursuant to reimbursement of
indemnification obligations to such Person, in each case in the ordinary course of business,
(g) Indebtedness in respect of secured purchase money financing (including Capital Lease
Obligations other than Capital Lease Obligations in respect of chartered barges and towboats) in an
aggregate amount not to exceed $10,000,000, to the extent permitted by Section 6.02(a)
hereof; (h) Capital Lease Obligations in respect of chartered barges and towboats, in an amount not
to exceed

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$25,000,000 in the aggregate during the term of this Agreement, (i) Indebtedness under
the Second Lien Notes evidenced by and as set forth in the Second Lien Documents as in effect on
the Closing Date (or to the extent modified or amended as permitted under the Intercreditor
Agreement) and subject to the Intercreditor Agreement, (j) Indebtedness outstanding as of the
Closing Date as set forth on Schedule 6.01 to the Disclosure Letter and extensions,
renewals, replacements and refinancings of any such Indebtedness that do not increase the
outstanding principal amount thereof (except by the amount of any premium or fee paid or payable or
original issue discount in connection with such extension, renewal, replacement or refinancing),
(k) Indebtedness incurred in connection with Permitted Sale/Leaseback Transactions or Permitted JV
Transactions, (l) obligations under Hedge Agreements and Guarantees in respect thereof, (m)
Indebtedness to a Person which is not a Lender, in an amount not to exceed $35,000,000 in the
aggregate during the term of this Agreement, to finance the construction of New Vessels, (n)
Subordinated Obligations incurred after the Closing Date; provided that such Indebtedness
is on terms and conditions and pursuant to documentation reasonably satisfactory to the Majority
Lenders and the Majority Lenders’ consent thereto is evidenced in writing, (o) any Indebtedness
existing on any property or asset prior to the acquisition thereof by the Obligated Parties or any
Subsidiary, provided that (i) such Indebtedness is not created in contemplation of or in
connection with such acquisition, (ii) such Indebtedness does not apply to any other property or
assets of the Obligated Parties or any Subsidiary, and (iii) the aggregate outstanding amount of
such Indebtedness at any time does not exceed $50,000,000; (p) any Indebtedness of any Person that
becomes a Subsidiary after the date hereof, provided that (i) such Indebtedness exists at
the time such Person becomes a Subsidiary and is not created in contemplation of or in connection
with such acquisition, and (ii) the acquisition of such Subsidiary is permitted by Section
6.04, (q) Indebtedness in respect of completion guarantees, surety and appeal bonds,
performance bonds and other obligations of a like nature incurred in the ordinary course of
business, and (r) other Indebtedness that (i) is unsecured, matures not less than 90 days after the
Stated Termination Date and bears interest at a rate per annum not greater than the yield
percentage on the Second Lien Notes, or (ii) qualifies as “Permitted Additional Pari Passu
Obligations” as such term is defined in the Second Lien Notes Indenture, in an aggregate amount not
to exceed $50,000,000. Notwithstanding anything contained herein to the contrary, Holdings’
compliance with this Section 6.01 shall not be required.

SECTION 6.02 Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including stock or
other securities of any person, including any Subsidiary) now owned or hereafter acquired by it or
on any income or revenues or rights in respect of any thereof, except:

     (a) Liens as set forth in Schedule 6.02 to the Disclosure Letter, provided
that such Liens shall secure only those obligations which they secure on the Closing Date and
extensions, renewals, replacements and refinancings thereof which do not increase the outstanding
principal amount thereof as of the date of such extensions, renewals, replacements and
refinancings;

     (b) any Lien created or permitted under the Loan Documents, the NRG Agreements or the Security
Documents;

     (c) any Lien existing on any property or asset prior to the acquisition thereof by the
Obligated Parties or any Subsidiary, provided that (i) such Lien is not created in
contemplation of or in connection with such acquisition, (ii) such Lien does not apply to any other
property or assets of the Obligated Parties or any Subsidiary and (iii) in the case of the
Mortgaged Properties, such Lien

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does not (A) materially interfere with the use, occupancy and
operation of any Mortgaged Property, (B) materially reduce the fair market value of such Mortgaged
Property but for such Lien or (C) result in any material increase in the cost of operating,
occupying or owning or leasing such Mortgaged Property;

     (d) Liens for taxes not yet due or which are being contested in compliance with Section
5.03;

     (e) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens
arising, in the case of such other like Liens, in the ordinary course of business and securing
obligations that are not due and payable (after giving effect to applicable grace periods) or which
are being contested in good faith with appropriate reserves;

     (f) pledges and deposits made in the ordinary course of business in compliance with workmen’s
compensation, unemployment insurance and other social security laws or regulations;

     (g) deposits to secure the performance of bids, trade contracts (other than for Indebtedness),
leases (other than Capital Lease Obligations), statutory obligations, completion guarantees, surety
and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary
course of business and Liens securing interests in work-in-process relating to progress payment
contracts for the construction of barges;

     (h) zoning restrictions, easements, rights-of-way, restrictions on use of real property and
other similar encumbrances incurred, in the case of such other similar encumbrances, in the
ordinary course of business which, in the aggregate, are not substantial in amount and do not
materially detract from the value of the property subject thereto or interfere with the ordinary
conduct of the business of the Obligated Parties or the Subsidiaries;

     (i) purchase money security interests in real property, improvements thereto or equipment
hereafter acquired (or, in the case of improvements, constructed) by the Obligated Parties or any
Subsidiary, provided that (i) such security interests secure Indebtedness permitted by
Section 6.01(g), (ii) such security interests are incurred, and the Indebtedness secured
thereby is created, within 90 days after such acquisition (or construction), and (iii) such
security interests do not apply to any other property or assets of the Obligated Parties or any of
their Subsidiaries;

     (j) Liens securing appeal bonds or arising out of judgments or awards (other than any judgment
that is described in Section 7.01(j) and constitutes a Default or Event of Default
thereunder) in respect of which the Obligated Parties shall in good faith be prosecuting an appeal
or proceedings for review and in respect of which it shall have secured a subsisting stay of
execution pending such appeal or proceedings for review, provided that the Obligated
Parties shall have set
aside on their books adequate reserves, in accordance with GAAP, with respect to such judgment
or award;

     (k) Liens resulting from arrangements among the stockholders of Foreign Subsidiaries which
limit or restrict the transfer of Equity Interests of such Foreign Subsidiaries by those
stockholders to third parties;

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     (l) Liens granted to the Second Lien Agent as set forth in the Second Lien Documents to secure
the Indebtedness arising under the Second Lien Documents to the extent permitted by Section
6.01(i) hereof and subject to the Intercreditor Agreement;

     (m) Liens to secure Permitted Sale/Leaseback Transactions or Permitted JV Transactions;

     (n) additional Liens on property or assets securing obligations (other than Indebtedness for
borrowed money) not exceeding $5,000,000 at any time, provided that, to the extent any such
Lien applies to any Collateral (as defined in the Security Agreement), such Lien does not have
priority over the Liens created under the Security Agreement;

     (o) Liens on cash and Permitted Investments to secure obligations under Hedge Agreements
relating to fuel rate caps and forward fuel purchases not exceeding $5,000,000 at any time;

     (p) Leases and subleases granted to third parties (in the ordinary course of business
consistent with past practices) which do not materially interfere with the ordinary conduct of the
business of the Obligated Parties or the Subsidiaries;

     (q) Bankers liens and rights of setoff with respect to customary depository arrangements and
Permitted Investments entered into in the ordinary course of business;

     (r) Liens on real property subject to any of the Mortgages identified in the ALTA title policy
received by Agent relating to such property;

     (s) Liens permitted under the Fleet Mortgages;

     (t) Liens to secure Indebtedness permitted by Section 6.01(m);

     (u) Liens to secure any permitted extension, renewal, refinancing or refunding (or successive
extensions, renewals, refinancings or refundings), in whole or in part, of any Indebtedness secured
by Liens referred to in the foregoing clauses (a), (b), (c), (i), (l), (m) and (n);
provided, that such Liens do not extend to any other property or assets and the principal
amount of the obligations secured by such Liens is not greater than the sum of the outstanding
principal amount of the refinanced Indebtedness plus any fees and expenses, including premiums
related to such extension, renewal, refinancing or refunding; and

     (v) Holdings’ compliance with this Section 6.02 shall be limited to the creation,
incurrence, assumption or permitting to exist of any Lien on any Equity Interests of CBL or any of
its Subsidiaries now owned or hereafter acquired by it or on any income or revenues or rights in
respect of any thereof.

SECTION 6.03 Investments, Loans and Advances. Purchase, hold or acquire any Equity Interests, evidences of Indebtedness or other securities
of, make or permit to exist any loans or advances to, or make or permit to exist any investment or
any other interest in, any other person, except:

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     (a) investments, equity contributions, loans and advances existing or required to be made as
of the date hereof by each Obligated Party as more particularly set forth on Schedule 3.08
to the Disclosure Letter;

     (b) Permitted Investments and cash;

     (c) loans or advances made by any Obligated Party to any other Obligated Party to the extent
permitted by Section 6.01;

     (d) equity contributions made by any Obligated Party to any other Obligated Party (other than
Holdings) and investments in Subsidiaries, as set forth on Schedule 3.08 to the Disclosure
Letter;

     (e) investments consisting of non-cash consideration received in connection with a sale of
assets permitted by Section 6.04(b);

     (f) (i) the payment of reasonable and customary compensation and other benefits (including
retirement, health, stock option, deferred compensation and other benefit plans) and indemnities to
officers and employees of the Obligated Parties or any Subsidiary, (ii) loans or advances against,
and repurchases of, stocks and options of the Obligated Parties held by any employees in connection
with any stock option, deferred compensation and other benefit plans and (iii) loans and advances
to employees and officers of the Obligated Parties or any of the Subsidiaries for travel,
entertainment and relocation expenses in the ordinary course of business, in an aggregate principal
amount outstanding at any one time not to exceed, in the case of clauses (ii) and (iii) on a
combined basis, $10,000,000;

     (g) ordinary course Interest Rate Protection Agreements and ordinary course non speculative
foreign exchange agreements and Hedge Agreements relating to commodities;

     (h) Hedge Agreements relating to fuel rate caps and forward fuel purchases collectively
covering an aggregate amount of fuel not to exceed the aggregate amount of fuel reasonably expected
to be used by Borrowers and their Subsidiaries or in connection with specific contracts or orders,
provided, that no such Hedge Agreement entered into between any Obligated Party and any
Lender or any Affiliate of any Lender shall be in force or effect after the date which is 30 days
prior to the Stated Termination Date;

     (i) Accounts;

     (j) investments received in connection with the bankruptcy or reorganization of, or settlement
of delinquent Accounts and disputes with, customers and suppliers, in each case in the ordinary
course of business;

     (k) investments by Holdings in treasury Equity Interests of Holdings existing on the date of
this Agreement (including any distributions or recapitalizations with respect thereto);

     (l) Guarantees constituting Indebtedness permitted by Section 6.01;

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     (m) other investments, loans and advances in an amount at any time outstanding not to exceed
$5,000,000;

     (n) investments and equity contributions pursuant to acquisitions permitted by Section
6.04; and

     (o) Holdings’ compliance with this Section 6.03 shall not be required.

SECTION 6.04 Mergers, Consolidations, Sales of Assets and Acquisitions.

     (a) Merge into or consolidate with any other person, or permit any other person to merge into
or consolidate with it, or sell, transfer, lease or otherwise dispose of (in one transaction or in
a series of transactions) all or any substantial part of the assets of any Obligated Party and
their Subsidiaries, taken as a whole (whether now owned or hereafter acquired), or any Equity
Interests of any Subsidiary, or purchase, lease or otherwise acquire (in one transaction or a
series of transactions) all or any substantial part of the assets of any other person, except that
(i) the Borrowers and any Subsidiaries may, subject to Section 2.05(b), purchase and sell
Inventory and Vessels in the ordinary course of business and sell or scrap Obsolete Equipment
(sales and/or leases of barges and other equipment by Jeffboat to third parties or to any of the
Obligated Parties and their Subsidiaries shall in all cases be deemed to be dispositions in the
ordinary course of business), (ii) if at the time thereof and immediately after giving effect
thereto no Event of Default or Default shall have occurred and be continuing, (A) (i) any wholly
owned Subsidiary or a Borrower may merge into a Borrower in a transaction in which a Borrower is
the surviving corporation and (ii) any Obligated Party may merge into another Obligated Party in a
transaction in which a Borrower is the surviving corporation, (B) any wholly owned Subsidiary may
merge into or consolidate with any other wholly owned Subsidiary in a transaction in which the
surviving entity is a wholly owned Subsidiary and no person other than a Borrower or a wholly owned
Subsidiary receives any consideration (provided, that if any such transaction involves a
Domestic Subsidiary, the surviving entity shall be a wholly owned Domestic Subsidiary and no person
other than the Borrower or a wholly owned Domestic Subsidiary shall receive any consideration, and
provided, further, that if any such transaction involves a Guarantor, the surviving
entity shall be a Guarantor), (C) any Foreign Subsidiary may merge into or consolidate with any
other Foreign Subsidiary in a transaction in which the surviving entity is a Subsidiary and the
value of the Borrower’s direct or indirect interest in such surviving entity immediately after such
merger or consolidation is at least equal to the aggregate value of its direct or indirect interest
in the merging or consolidating Foreign Subsidiaries immediately prior to such merger or
consolidation, (D) the Borrowers may enter into Permitted Sale/Leaseback Transactions, (E) if at
the time thereof and immediately after giving effect thereto Unused Availability is not less than
20% of the Borrowing Base (determined without giving effect to the assets to be acquired), the
Borrowers may purchase, lease or otherwise acquire (in one transaction or a series of transactions)
all or any substantial part of the assets or Equity Interests of any other Person;
provided, that, (1) to the extent required pursuant to Section 5.11, such Person
shall become a Borrower or a Guarantor hereunder, as determined by Agent, and, (2) subject to the
eligibility requirements set forth in
Section 1.01, the Accounts and Inventory so acquired shall not be deemed to be
Eligible Accounts or Eligible Inventory until such time as Agent and the Lenders shall have
received, in form and content satisfactory to the Agent in its sole discretion, the results of such
field examinations, appraisals and other due diligence required by Agent in connection therewith,
and (F) the Borrowers may enter into the Permitted Transactions, (iii) the Obligated Parties and
any Subsidiary may consummate

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transactions contemplated by the NRG Agreements, (iv) the Obligated
Parties and any Subsidiary may engage in Asset Sales to the extent provided for in subsection (b)
below, and (v) Holdings may sell, transfer or otherwise dispose of all or any substantial part of
its assets or the Equity Interests of any of its Subsidiaries (other than, in each case, the assets
and Equity Interests of CBL and its Subsidiaries), or purchase, lease or otherwise acquire (in one
transaction or a series of transactions) all or any substantial part of the assets or Equity
Interests of any other Person.

     (b) Neither the Obligated Parties nor any Subsidiary shall engage in any Asset Sale otherwise
permitted under paragraph (a) above unless (i) such Asset Sale is for consideration at least 75% of
which is cash, (ii) such consideration is at least equal to the fair market value (as determined in
good faith by the applicable Obligated Party’s board of directors or analogous body) of the assets
being sold, transferred, leased or disposed of, and (iii) the fair market value (as determined in
good faith by the Borrowers’ board of directors or analogous body) of all assets sold, transferred,
leased or disposed of pursuant to this paragraph (b) shall not exceed $25,000,000 in the aggregate
during the term of this Agreement; provided, that the provisions of this Section
6.04(b) shall not apply to Permitted Asset Sales and transactions contemplated by the NRG
Agreements, and the limitations set forth in Section 6.04(b)(iii) shall not apply to the
sale by any Obligated Party of its Equity Interests in any non-Domestic Subsidiaries or any Asset
Sales by any non-Domestic Subsidiary.

SECTION 6.05 Dividends and Distributions; Restrictions on Ability to Pay Dividends.

     (a) Declare or pay, directly or indirectly, any dividend or make any other distribution (by
reduction of capital or otherwise), whether in cash, property, securities or a combination thereof,
with respect to any of its Equity Interests or directly or indirectly redeem, purchase, retire or
otherwise acquire for value (or permit any Subsidiary to purchase or acquire) any of its Equity
Interests or set aside any amount for any such purpose other than, so long as no Default or Event
of Default exists or is continuing or would exist after giving effect thereto, Permitted Dividends;
provided, however, that any Borrower or Guarantor may declare and pay dividends or
make other distributions ratably to its shareholders provided that as of the date that any such
dividend or distribution is declared and paid (i) no Default or Event of Default exists or is
continuing or would exist after giving effect to any such dividend or distribution, (ii) Agent and
Lenders have received the financial statements required to be delivered under Section
5.04(a) for the immediately preceding fiscal year (commencing with the financial statements for
the 2009 fiscal year of Holdings), and (iii) on a pro forma basis for the thirty (30) consecutive
day period immediately prior to such date and after giving effect to any such dividend or
distribution, (A) Borrowers have Unused Availability of not less than 25% of the Borrowing Base and
(B) the Consolidated Fixed Charge Coverage Ratio is not less than 1.20 to 1.00.

     (b) Except pursuant to the agreements identified on Schedule 6.05(b) to the Disclosure
Letter, permit any Obligated Party or any Subsidiary to, directly or indirectly, create or
otherwise cause or suffer to exist or become effective any encumbrance or restriction on the
ability of any such Obligated Party or any such Subsidiary to (i) pay any dividends or make any
other distributions on
its Equity Interests or any other interest or (ii) make or repay the Loans or advances to the
Obligated Party or the parent of such Subsidiary, provided that the foregoing shall not
apply to restrictions and conditions imposed by law or by any Loan Document or Second Lien
Document.

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     (c) Notwithstanding anything contained herein to the contrary, Holdings’ compliance with this
Section 6.05 shall not be required.

SECTION 6.06 Transactions with Affiliates. Except as set forth on Schedule 6.06 to the Disclosure Letter, sell or transfer any
property or assets to, or purchase or acquire any property or assets from, or otherwise engage in
any other transactions with, any of its Affiliates, except that (a) the Obligated Parties or any
Subsidiary may engage in (i) any of the foregoing transactions in the ordinary course of business
at prices and on terms and conditions not less favorable to the Borrowers or such Subsidiary than
could be obtained on an arm’s-length basis from unrelated third parties; provided, that,
for any transactions other than transactions solely among any Obligated Parties and their
Subsidiaries, the Borrowers shall give the Agent at least 5 calendar days prior written notice of
any such transaction in excess of $5,000,000, (ii) the Transactions, and (iii) transactions with a
Person formed as the result of a Permitted JV Transaction; provided, that the applicable
Obligated Party’s board of directors or analogous body has determined in good faith that the prices
and terms and conditions of each such transaction with such Person are not less favorable to the
applicable Obligated Party than could be obtained on an arm’s-length basis from unrelated third
parties, and (b) this Section 6.06 shall not apply to transactions (i) among the Obligated
Parties, (ii) solely between or among wholly owned Foreign Subsidiaries, (iii) relating to
Permitted Sale/Leaseback Transactions, Permitted Dividends or Permitted Transactions or (iv) among
the Obligated Parties and their Affiliates which are specifically allowed under other Sections of
this Agreement.

SECTION 6.07 Business of Obligated Parties and Subsidiaries. Engage at any time in any business or business activity other than a Related Business.

SECTION 6.08 Other Indebtedness and Agreements.

     (a) Enter into any waiver, supplement, modification or amendment of (i) the Second Lien Notes
Indenture or any other Second Lien Document to the extent that any such waiver, supplement,
modification or amendment would be adverse to the Lenders in any material respect or (ii) the
articles of organization, operating agreement or by-laws of the Obligated Parties or any
Subsidiary, in each case to the extent that any such waiver, supplement, modification or amendment
would be adverse in any material respect to the rights of the Lenders under the Loan Documents or
in respect of the transactions contemplated thereby; provided, that the Borrowers shall
deliver to the Agent (i) for its review a description of any waiver, supplement, modification or
amendment of the Second Lien Notes Indenture or any other Second Lien Document at least ten (10)
Business Days (or such shorter period as may be reasonably practicable) prior to the execution and
delivery thereof and (ii) a copy of such waiver, supplement, modification or amendment promptly
after it becomes available to the Borrowers.

     (b) (i) Make any distribution, whether in cash, property, securities or a combination thereof,
in respect of, or pay, or offer or commit to pay, or directly or indirectly redeem, repurchase,
retire or otherwise acquire for consideration, or set apart any sum for the aforesaid purposes, any
prepayment or other voluntary or optional payment of Indebtedness for borrowed money of the
Obligated Parties or any Subsidiary which is unsecured or secured by Liens junior in priority to
the Liens of the Collateral Agent, or (ii) pay in cash any amount in respect of such Indebtedness
that may at the obligor’s option be paid in kind or in other securities, except (A) payment of
Indebtedness created under the Loan Documents and (B) payment of intercompany Indebtedness to the
extent

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permitted under clauses (b) and (c) of Section 6.01 and (C) with the proceeds of
replacements and refinancings of any such Indebtedness that do not increase the outstanding
principal amount thereof (except by the amount of any premium or fee paid or payable or original
issue discount in connection with such extension, renewal, replacement or refinancing), to the
extent permitted by Section 6.01. Notwithstanding the foregoing, any Borrower or Guarantor
may repay all or a portion of the outstanding principal amount of any Indebtedness;
provided, that, with respect to any repayment of Indebtedness other than the Obligations
under the Loan Documents, as of the date of any such repayment, (i) no Default or Event of Default
exists or is continuing or would exist after giving effect to any such repayment, (ii) Agent and
Lenders have received the financial statements required to be delivered under Section
5.04(a) for the immediately preceding fiscal year (commencing with the financial statements for
the 2009 fiscal year of Holdings), and (iii) on a pro forma basis for the thirty (30) consecutive
day period immediately prior to such date and after giving effect to any such repayment, (A)
Borrowers have Unused Availability of not less than 25% of the Borrowing Base and (B) the
Consolidated Fixed Charge Coverage Ratio is not less than 1.20 to 1.00.

     (c) Notwithstanding anything contained herein to the contrary, Holdings’ compliance with this
Section 6.08 shall not be required.

SECTION 6.09 Consolidated First Lien Leverage Ratio. Permit the Consolidated First Lien Leverage Ratio as of the end of any fiscal month ending
during or immediately before any Covenant Testing Trigger Period to be in excess of:

     (a) 3.0:1.0 for any month from May 2009 through and including March 2010;

     (b) 2.75:1.0 for any month from April 2010 through and including September 2010;

     (c) 2.5:1.0 for any month from October 2010 through and including March 2011;

     (d) 2.25:1.0 for any month from April 2011 through and including December 2011; and

     (e) 2.0 to 1.0 for any month thereafter

SECTION 6.10 Consolidated Fixed Charge Coverage Ratio. Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any fiscal month ending
during or immediately before any Covenant Testing Trigger Period to be in excess of 1.1:1.0.

ARTICLE VII

EVENTS OF DEFAULT

SECTION 7.01 Events of Default. It shall constitute an event of default (“Event of Default”) if any one or more of the
following shall occur for any reason:

     (a) any representation or warranty made or deemed made in or in connection with any Loan
Document hereunder, or any representation, warranty, statement or information contained in any
report, certificate, financial statement or other instrument furnished in connection with or
pursuant to any Loan Document, shall prove to have been false or misleading in any material respect
in light of the circumstances when made, deemed made or furnished;

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     (b) default shall be made in the payment of any principal of the Loans when and as the same
shall become due and payable, whether at the due date thereof or at a date fixed for prepayment
thereof or by acceleration thereof or otherwise;

     (c) default shall be made in the payment of any interest on the Loans or any fee or any other
amount (other than an amount referred to in clause (b) above) due under any Loan Document, when and
as the same shall become due and payable, and such default shall continue unremedied for a period
of three (3) Business Days;

     (d) default shall be made in the due observance or performance by any of the Obligated Parties
of any covenant, condition or agreement contained in Sections 5.01(a), 5.04,
5.05, 5.06 or 5.10 or in Article VI;

     (e) default shall be made in the due observance or performance by any of the Obligated Parties
of any covenant, condition or agreement contained in any Loan Document (other than those specified
in (b), (c) or (d) above) and such default shall continue unremedied for a period of 30 days after
notice thereof from the Agent to the Borrowers which notice will be given at the request of any
Lender;

     (f) any of the Obligated Parties shall (i) fail to pay any principal or interest, regardless
of amount, due in respect of any Indebtedness in a principal amount in excess of $10,000,000, when
and as the same shall become due and payable, or (ii) fail to observe or perform any other term,
covenant, condition or agreement contained in any agreement or instrument evidencing or governing
any such Indebtedness if the effect of any failure referred to in this clause (ii) is to cause, or
to permit the holder or holders of such Indebtedness or a trustee on its or their behalf (with or
without the giving of notice, the lapse of time or both) to cause, such Indebtedness to become due
prior to its stated maturity;

     (g) an involuntary proceeding shall be commenced or an involuntary petition shall be filed in
a court of competent jurisdiction seeking (i) liquidation, reorganization or other relief in
respect of any of the Obligated Parties, or of a substantial part of the property or assets of any
of the Obligated Parties, under the Bankruptcy Code, as now constituted or hereafter amended, or
any other Federal, state or foreign bankruptcy, insolvency, receivership or similar law or (ii) the
appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for
any of the Obligated Parties or for a substantial part of the property or assets of any of the
Obligated Parties; and such proceeding or petition shall continue undismissed for 60 days or an
order or decree approving or ordering any of the foregoing shall be entered;

     (h) any of the Obligated Parties shall (i) voluntarily commence any proceeding or file any
petition seeking liquidation, reorganization or other relief under the Bankruptcy Code, as now
constituted or hereafter amended, or any other Federal, state or foreign bankruptcy, insolvency,
receivership or similar law, (ii) consent to the institution of, or fail to contest in a timely and
appropriate manner, any proceeding or the filing of any petition described in paragraph (g) above,
(iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator,
conservator or similar official for any of the Obligated Parties or for a substantial part of the
property or assets of any of the Obligated Parties or any Subsidiary, (iv) file an answer admitting
the material

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allegations of a petition filed against it in any such proceeding, (v) make a general
assignment for the benefit of creditors or (vi) take any action for the purpose of effecting any of
the foregoing;

     (i) any of the Obligated Parties shall become unable, admit in writing its inability or fail
generally to pay its debts as they become due;

     (j) one or more judgments for the payment of money in an aggregate amount in excess of five
percent (5%) of the Formula Amount, (i) which amount is net of applicable insurance coverage
(provided that in the event such a judgment is covered by insurance, the Agent is provided
with satisfactory evidence that the insurance provider will provide the coverage relating thereto)
and (ii) with respect to such judgments(s), Borrowers do not have the minimum Unused Availability
set forth in Section 5.10 to enable the payment necessary to satisfy such uninsured
liabilities, shall be rendered against any of the Obligated Parties or any combination thereof and
the same shall not be satisfied, discharged, stayed or vacated for a period of 60 consecutive days;

     (k) an ERISA Event (other than as described in Schedule 3.15 to the Disclosure Letter)
shall have occurred that, in the reasonable opinion of the Required Lenders, when taken together
with all other such ERISA Events that have occurred, could reasonably be expected to result in
payments by any Borrower and its ERISA Affiliates in an aggregate amount exceeding (i) $5,000,000
in any year during the term of this Agreement or (ii) $10,000,000 for all periods during the term
of this Agreement;

     (l) Except in respect of Collateral having an aggregate value not in excess of five percent
(5%) of the Formula Amount, any security interest purported to be created by any of the Security
Documents shall cease to be, or shall be asserted by the Obligated Parties or any other Obligated
Party not to be, a valid, perfected, first priority (except as otherwise expressly provided in this
Agreement, the NRG Agreements or such Security Document) security interest or mortgage in the
securities, assets or properties covered thereby, except to the extent that any such loss of
perfection or priority results from action or inaction by the Agent or the Security Trustee;

     (m) there occurs any event that results in a Material Adverse Effect; or

     (n) there shall have occurred a Change in Control.

SECTION 7.02 Remedies.

     (a) After the occurrence and during the continuance of any Event of Default, the Agent may, in
its discretion, and shall, at the direction of the Majority Lenders, do one or more of the
following at any time or times and in any order, without notice to or demand on any Obligated
Party: (i) reduce the Maximum Revolver Amount, or the advance rates against the Net Amount of
Eligible Accounts, Eligible Inventory and/or Eligible Vessels used in computing the Borrowing Base
(including increasing the amount of any Reserve); (ii) restrict the amount of, or refuse to make,
Revolving Loans; and (iii) instruct the Letter of Credit Issuer to restrict or refuse to provide
Letters of Credit.

     (b) After the occurrence and during the continuance of any Event of Default, the Agent shall,
at the direction of the Majority Lenders, do one or more of the following: (i) take any of the
actions described in clause (a) preceding, at any time or times and in any order, without
notice to or

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demand on any Obligated Party; (ii) terminate the Commitments, the obligation of the
Lenders to make Revolving Loans under this Agreement, and/or the obligation of the Agent to cause
the Letter of Credit Issuer to issue any Letter of Credit hereunder; (iii) declare any or all of
the Obligations under the Loan Documents to be immediately due and payable; provided,
however, that upon the occurrence of any Event of Default described in Sections
7.01(g), 7.01(h), or 7.01(i), the Commitments shall automatically and
immediately expire and all Obligations under the Loan Documents shall automatically become
immediately due and payable without notice or demand of any kind; (iv) require the Borrowers to
provide a Supporting Cash Deposit in an amount equal to 105% of all Obligations (contingent or
otherwise) outstanding with respect to Letters of Credit; and (v) pursue its other rights and
remedies under the Loan Documents and any applicable law.

     (c) After the occurrence and during the continuance of any Event of Default,: (i) the Agent
shall have, for the benefit of the Agent and the Lenders, in addition to all other rights of the
Agent and the Lenders, the rights and remedies of a secured party under the Loan Documents and the
UCC; (ii) the Agent may, at any time, take possession of the Collateral and keep it on any
Obligated Party’s premises, at no cost to the Agent or any Lender, or remove any part of the
Collateral to such other place or places as the Agent may desire, or the Obligated Parties shall,
upon the Agent’s demand, at the Obligated Parties’ cost, assemble the Collateral and make it
available to the Agent at a place reasonably convenient to the Agent; (iii) the Agent or the
Agent’s designee may notify each Obligated Party’s Account Debtors whose payment obligations
constitute Collateral that such Obligated Party’s Accounts have been assigned to the Agent and of
the Agent’s Lien therein, and may collect such Accounts directly and charge the collection costs
and expenses to the Loan Account as a Revolving Loan: and (iv) the Agent may sell and deliver any
Collateral at public or private sales, for cash, upon credit, or otherwise, at such prices and upon
such terms as the Agent deems advisable, in its sole discretion, and may, if the Agent deems it
reasonable, postpone or adjourn any sale of the Collateral by an announcement at the time and place
of sale or of such postponed or adjourned sale without giving a new notice of sale. Without in any
way requiring notice to be given in the following manner, each Obligated Party agrees that any
notice by the Agent of sale, disposition, or other intended action hereunder or in connection
herewith, whether required by the UCC or otherwise, shall constitute reasonable notice to such
Obligated Party if such notice is mailed by registered or certified mail, return receipt requested,
postage prepaid, or is delivered personally against receipt, at least ten days prior to such action
to such Obligated Party’s address specified in or pursuant to Section 9.02. If any
Collateral is sold on terms other than payment in full at the time of sale, no credit shall be
given against the Obligations until the Agent or the Lenders receive payment, and if the buyer
defaults in payment, the Agent may resell the Collateral without further notice to any Obligated
Party. In the event the Agent seeks to take possession of all or any portion of the Collateral by
judicial process, each Obligated Party irrevocably waives the posting of any bond, surety, or
security with respect thereto that might otherwise be required, any demand for possession prior to
the commencement of any suit or action to recover the Collateral, and any requirement that the
Agent retain possession and not dispose of any Collateral until after trial or final judgment.
Each Obligated Party agrees that the Agent has no obligation to preserve rights to the Collateral
or marshal any Collateral for the benefit of any Person. The Agent is hereby granted a license or
other right to use, without charge, each Obligated Party’s labels, patents, copyrights, name, trade
secrets, trade names, trademarks, and advertising matter, or any similar property, in completing
production of, advertising, or selling any Collateral, and each Obligated Party’s rights
under all licenses and all franchise agreements shall inure to the Agent’s benefit for such
purpose. The proceeds of sale shall be applied first to all expenses of sale, including Attorney
Costs, and then

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to the Obligations as provided herein. The Agent will return any excess to the
Borrowers, and the Borrowers shall remain liable for any deficiency.

     (d) Without limiting the generality of the foregoing, each Obligated Party expressly agrees
that, after the occurrence and during the continuance of any Event of Default, the Agent, without
demand of performance or other demand, advertisement, or notice of any kind (except the notice
specified below of time and place of public or private sale) to or upon any Obligated Party or any
other Person (all and each of which demands, advertisements, and notices are hereby expressly
waived to the maximum extent permitted by the UCC and other applicable law), may forthwith enter
upon the premises of any Obligated Party where any Collateral is located through self-help, without
judicial process, without first obtaining a final judgment or giving such Obligated Party or any
other Person notice and opportunity for a hearing on the Agent’s claim or action and may collect,
receive, assemble, process, appropriate, and realize upon the Collateral, or any part thereof, and
may forthwith sell, lease, license, assign, give an option or options to purchase, or sell or
otherwise dispose of and deliver said Collateral (or contract to do so), or any part thereof, in
one or more parcels at a public or private sale or sales, at any exchange at such prices as the
Agent may deem acceptable, for cash or on credit or for future delivery without assumption of any
credit risk. The Agent or any other Credit Provider shall have the right upon any such public sale
or sales and, to the extent permitted by law, upon any such private sale or sales, to purchase for
the benefit of the Agent and the other Credit Providers, the whole or any part of said Collateral
so sold, free of any right or equity of redemption, which equity of redemption each Obligated Party
hereby releases. Such sales may be adjourned and continued from time to time with or without
notice. The Agent shall have the right to conduct such sales on any Obligated Party’s premises or
elsewhere and shall have the right to use each Obligated Party’s premises without charge for such
time or times as the Agent deems necessary or advisable.

     (e) Each Obligated Party further agrees, at the Agent’s request, to assemble the Collateral
and make it available to the Agent at a place or places designated by the Agent that are reasonably
convenient to the Agent and such Obligated Party, whether at such Obligated Party’s premises or
elsewhere. Until the Agent is able to effect a sale, lease, or other disposition of the
Collateral, the Agent shall have the right to hold or use the Collateral, or any part thereof, to
the extent that it deems appropriate for the purpose of preserving the Collateral or its value or
for any other purpose deemed appropriate by the Agent. The Agent shall have no obligation to any
Obligated Party to maintain or preserve the rights of such Obligated Party as against third parties
with respect to any Collateral while such Collateral is in the possession of the Agent. The Agent
may, if it so elects, seek the appointment of a receiver or keeper to take possession of the
Collateral and to enforce any of the Agent’s remedies (for the benefit of the Agent and the other
Credit Providers), with respect to such appointment without prior notice or hearing as to such
appointment. The Agent shall apply the net proceeds of any such collection, recovery, receipt,
appropriation, realization, or sale to the Obligations as provided in Section 2.11(e), and
only after so paying over such net proceeds, and after the payment by the Agent of any other amount
required by any provision of law, need the Agent account for the surplus, if any, to the applicable
Obligated Party. To the maximum extent permitted by applicable law, each Obligated Party waives
all claims, damages, and demands against the Agent or any other Credit Provider arising out of the
repossession, retention, or sale of the Collateral except
to the extent resulting from the gross negligence or willful misconduct of the Agent or such
other Credit Provider as finally determined in a final, nonappealable judgment by a court of
competent jurisdiction. Each Obligated Party agrees that ten days prior notice by the Agent of the
time and

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place of any public sale or of the time after which a private sale may take place is
reasonable notification of such matters. The Obligated Parties shall remain liable for any
deficiency if the proceeds of any sale or disposition of the Collateral are insufficient to pay all
Obligations, including any attorneys’ fees or other expenses incurred by the Agent or any other
Credit Provider to collect such deficiency.

     (f) Except as otherwise specifically provided herein or in the other Loan Documents, each
Obligated Party hereby waives presentment, demand, protest, or any notice (to the maximum extent
permitted by applicable law) of any kind in connection with this Agreement or any Collateral.

     (g) To the extent that applicable law imposes duties on the Agent to exercise remedies in a
commercially reasonable manner, each Obligated Party acknowledges and agrees that it is not
commercially unreasonable for the Agent (i) to fail to incur expenses reasonably deemed significant
by the Agent to prepare Collateral for disposition or otherwise to complete raw material or
work-in-process into finished goods or other finished products for disposition, (ii) to fail to
obtain third party consents for access to Collateral to be disposed of, or to obtain or, if not
required by other law, to fail to obtain governmental or third party consents for the collection or
disposition of Collateral to be collected or disposed of, (iii) to fail to exercise collection
remedies against Account Debtors or other Persons obligated on Collateral or to remove Liens on or
any adverse claims against Collateral, (iv) to exercise collection remedies against Account Debtors
and other Persons obligated on Collateral directly or through the use of collection agencies and
other collection specialists, (v) to advertise dispositions of Collateral through publications or
media of general circulation, whether or not the Collateral is of a specialized nature, (vi) to
contact other Persons, whether or not in the same business as such Obligated Party, for expressions
of interest in acquiring all or any portion of such Collateral, (vii) to hire one or more
professional auctioneers to assist in the disposition of Collateral, whether or not the Collateral
is of a specialized nature, (viii) to dispose of Collateral by utilizing internet sites that
provide for the auction of assets of the types included in the Collateral or that have the
reasonable capacity of doing so, or that match buyers and sellers of assets, (ix) to dispose of
assets in wholesale rather than retail markets, (x) to disclaim disposition warranties, such as
title, possession, or quiet enjoyment, (xi) to purchase insurance or credit enhancements to insure
the Agent against risks of loss, collection, or disposition of Collateral or to provide to the
Agent a guaranteed return from the collection or disposition of Collateral, or (xii) to the extent
deemed appropriate by the Agent, to obtain the services of other brokers, investment bankers,
consultants, and other professionals to assist the Agent in the collection or disposition of any of
the Collateral. Each Obligated Party acknowledges that the purpose of this Section 7.02(g)
is to provide non-exhaustive indications of what actions or omissions by the Agent would not be
commercially unreasonable in the Agent’s exercise of remedies against the Collateral and that other
actions or omissions by the Agent shall not be deemed commercially unreasonable solely on account
of not being indicated in this Section 7.02(g). Without limiting the foregoing, nothing
contained in this Section 7.02(g) shall be construed to grant any rights to any Obligated
Party or to impose any duties on the Agent that would not have been granted or imposed by this
Agreement or by Requirement of Law in the absence of this Section 7.02(g).

     (h) After the occurrence and during the continuance of any Event of Default, each Obligated
Party, at the Agent’s request, shall execute and deliver to the Agent such documents as the Agent
shall require to grant the Agent access to any post office box in which collections of Accounts are
received.

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     (i) After the occurrence and during the continuance of any Event of Default, the Borrowers
will, at the Agent’s request, with respect to all Inventory financed by Letters of Credit, instruct
all suppliers, carriers, forwarders, customs brokers, warehouses, or others receiving or holding
cash, checks, Inventory, documents, or instruments in which the Agent holds a security interest to
deliver them to the Agent and/or subject to the Agent’s order, and if they shall come into any
Borrower’s possession, to deliver them, upon request, to the Agent in their original form. The
Borrowers shall also, at the Agent’s request, after the occurrence and during the continuance of
any Event of Default, designate the Agent as the consignee on all bills of lading and other
negotiable and non-negotiable documents or cause all such documents to designate a Borrower as the
consignee subject to the Agent’s Liens.

     (j) After the occurrence and during the continuance of any Event of Default, each Obligated
Party hereby waives all rights to notice and hearing prior to the exercise by the Agent of the
Agent’s rights to repossess the Collateral without judicial process or to replevy, attach, or levy
upon the Collateral without notice or hearing.

ARTICLE VIII

THE AGENT AND SECURITY TRUSTEE

SECTION 8.01 Appointment and Authorization.

     (a) Each Lender hereby irrevocably appoints and designates the Bank (acting in its capacity as
the Agent and the Security Trustee) as its agent under this Agreement and the other Loan Documents
and as the security trustee under the Fleet Mortgages, and each Lender hereby irrevocably
authorizes the Agent and the Security Trustee to take such action on such Lender’s behalf under the
provisions of this Agreement and each other Loan Document and to exercise such powers and perform
such duties as are expressly delegated to the Agent and the Security Trustee by the terms of this
Agreement or any other Loan Document, together with such powers as are reasonably incidental
thereto. The Agent and the Security Trustee agree to act as such on the express conditions
contained in this Article VIII. Other than as expressly provided in Section 8.10
and Section 8.11, the provisions of this Article VIII are solely for the benefit of
the Agent, the Security Trustee and the other Credit Providers, and no Obligated Party shall have
any rights as a third party beneficiary of any of the provisions contained herein. Notwithstanding
any provision to the contrary contained elsewhere in this Agreement or in any other Loan Document,
the Agent and the Security Trustee shall not have any duties or responsibilities, except those
expressly set forth herein or in the Fleet Mortgages, nor shall the Agent or the Security Trustee
have or be deemed to have any fiduciary relationship with any Lender or Participant, and no implied
covenants, functions, responsibilities, duties, obligations, or liabilities shall be read into this
Agreement or any other Loan Document or otherwise exist against the Agent or the Security Trustee.
Without limiting the generality of the foregoing sentence, the use of the term “agent” or “security
trustee” in this Agreement or any other Loan Document with reference to the Agent or the Security
Trustee is not
intended to connote any fiduciary or other implied (or express) obligations arising under
agency doctrine of any applicable law. Instead, such terms are used merely as a matter of market
custom, and are intended to create or reflect only an administrative relationship between
independent contracting parties. Except as expressly otherwise provided in this Agreement, the
Agent and the Security Trustee shall have and may use its sole discretion with respect to
exercising or refraining

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from exercising any discretionary rights or taking or refraining from
taking any actions that the Agent or the Security Trustee is expressly entitled to take or assert
under this Agreement and the other Loan Documents, including (i) the determination of the
applicability of ineligibility criteria with respect to the calculation of the Borrowing Base, (ii)
the making of Agent Advances pursuant to Section 2.01(b)(x) and (iii) the exercise of
remedies pursuant to Section 7.02, and any action so taken or not taken shall be deemed
consented to by the Lenders.

     (b) The Letter of Credit Issuer shall act on behalf of the Lenders with respect to any Letters
of Credit issued hereunder and the agreements and documents associated therewith. The Letter of
Credit Issuer shall have all of the benefits and immunities (i) provided to the Agent in this
Article VIII with respect to any acts taken or omissions suffered by the Letter of Credit
Issuer in connection with Letters of Credit issued by it, or proposed to be issued by it, and the
applications and agreements for letters of credit pertaining to such Letters of Credit as fully as
if the term “Agent” as used in this Article VIII included the Letter of Credit Issuer with
respect to such acts or omissions, and (ii) as additionally provided herein with respect to the
Letter of Credit Issuer.

SECTION 8.02 Delegation of Duties. The Agent and the Security Trustee may execute any of its duties
under this Agreement or any other Loan Document by or through agents, employees, or
attorneys-in-fact and shall be entitled to advice of counsel and other consultants or experts
concerning all matters pertaining to such duties. The Agent and the Security Trustee shall not be
responsible for the negligence or misconduct of any agent or attorney-in-fact that it selects as
long as such selection was made without gross negligence or willful misconduct.

SECTION 8.03 Liability of the Agent and the Security Trustee. None of the Agent-Related Persons shall
(a) be liable for any action taken or omitted to be taken by any of them under or in connection
with this Agreement or any other Loan Document or the transactions contemplated hereby (except for
its own gross negligence or willful misconduct in connection with its duties expressly set forth
herein), or (b) be responsible in any manner to any Credit Provider or Participant for any recital,
statement, representation, or warranty made by an Obligated Party or any Affiliate of an Obligated
Party, or any officer thereof, contained in this Agreement or in any other Loan Document, or in any
certificate, report, statement, or other document referred to or provided for in, or received by
the Agent or the Security Trustee under or in connection with, this Agreement or any other Loan
Document, or the validity, effectiveness, genuineness, enforceability, or sufficiency of this
Agreement or any other Loan Document, or for any failure of any Obligated Party or an other party
to any Loan Document to perform its obligations hereunder or thereunder. No Agent-Related Person
shall be under any obligation to any Lender or Participant to ascertain or to inquire as to the
observance or performance of any of the agreements contained in, or conditions of, this Agreement
or any other Loan Document, or to inspect the properties, books, or records of either Obligated
Party or any Obligated Party’s Affiliates.

SECTION 8.04 Reliance by the Agent and the Security Trustee. The Agent and the Security Trustee shall
be entitled to rely, and shall be fully protected in relying, upon any writing, communication,
signature, resolution, representation, notice, consent, certificate, affidavit, letter, telegram,
facsimile, telex, or telephone message, electronic mail message, statement, or other document or
conversation believed by the Agent or the Security Trustee to be genuine and correct and to have
been signed, sent, or made by the proper Person or Persons, and upon advice and statements of legal
counsel (including counsel to any Obligated Party or any of their respective

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Affiliates),
independent accountants and other experts selected by the Agent or the Security Trustee. The Agent
and the Security Trustee shall be fully justified in failing or refusing to take any action under
this Agreement or any other Loan Document unless it shall first receive such advice or concurrence
of the Majority Lenders or the Required Lenders, as applicable, as the Agent or the Security
Trustee deems appropriate and, if it so requests, it shall first be indemnified to its satisfaction
by the Lenders against any and all liability and expense that may be incurred by it by reason of
taking or continuing to take any such action. The Agent and the Security Trustee shall in all
cases be fully protected in acting, or in refraining from acting, under this Agreement or any other
Loan Document in accordance with a request or consent of the Majority Lenders or the Required
Lenders, as applicable, (or all Lenders if so required hereunder) and such request and any action
taken or failure to act pursuant thereto shall be binding upon all of the Lenders. For purposes of
determining compliance with the conditions specified in Section 4.01, each Lender that has
executed and delivered this Agreement shall be deemed to have consented to, approved, or accepted,
or to be satisfied with, each document or other matter required thereunder to be consented to or
approved by, or acceptable or satisfactory to, a Lender unless the Agent or the Security Trustee
shall have received written notice from such Lender prior to the proposed Closing Date specifying
its objection thereto.

SECTION 8.05 Notice of Default. Neither the Agent nor the Security Trustee shall be deemed to have
knowledge or notice of the occurrence of any Default or Event of Default, other than the failure of
any Borrower to make any payment of principal, interest, fees, and expenses required to be paid to
the Agent for the benefit of the Credit Providers, unless the Agent or the Security Trustee shall
have received written notice from an Obligated Party or a Lender referring to this Agreement,
describing such Default or Event of Default and stating that such notice is a “notice of default.”
The Agent and the Security Trustee will notify the Lenders of its receipt of any such notice. The
Agent or the Security Trustee shall take such action with respect to such Default or Event of
Default as may be directed by the Majority Lenders or the Required Lenders, as applicable, in
accordance with Article IX; provided, that unless and until the Agent or the
Security Trustee has received any such direction, the Agent and the Security Trustee may (but shall
not be obligated to) take such action, or refrain from taking such action, with respect to such
Default or Event of Default as it shall deem advisable or in the best interest of the Credit
Providers.

SECTION 8.06 Credit Decision. Each Lender acknowledges that none of the Agent-Related Persons has made
any representation or warranty to such Lender, and that no act by the Agent or the Security Trustee
hereafter taken, including any consent to and acceptance of any assignment or review of the affairs
of the Obligated Parties and their Affiliates, shall be deemed to constitute any representation or
warranty by any
Agent-Related Person to any Lender as to any matter, including whether any Agent-Related Person has
disclosed material information in its possession. Each Lender represents to the Agent and the
Security Trustee that such Lender has, independently and without reliance upon any Agent-Related
Person and based on such documents and information as such Lender has deemed appropriate, made its
own appraisal of and investigation into the business, prospects, operations, property, financial
and other condition, and creditworthiness of the Obligated Parties and their Affiliates, and any
Requirement of Law relating to the transactions contemplated hereby, and such Lender has made its
own decision to enter into this Agreement and to extend credit to the Obligated Parties hereunder.
Each Lender also represents that it will, independently and without reliance upon any Agent-Related
Person and based on such documents and information as such Lender shall deem appropriate at the
time, continue to make its own credit analysis, appraisals, and decisions in taking or not taking
action under this Agreement and the other Loan Documents,

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and to make such investigations as it
deems necessary to inform itself as to the business, prospects, operations, property, financial and
other condition, and creditworthiness of the Obligated Parties and their Affiliates. Except for
notices, reports, and other documents expressly herein required to be furnished to the Lenders by
the Agent, the Agent shall not have any duty or responsibility to provide any Lender with any
credit or other information concerning the business, prospects, operations, property, financial and
other condition, or creditworthiness of any Borrower or any of their Affiliates that may come into
the possession of any of the Agent-Related Persons.

SECTION 8.07 Indemnification. WHETHER OR NOT THE TRANSACTIONS CONTEMPLATED HEREBY ARE CONSUMMATED, THE
LENDERS SHALL, UPON DEMAND, INDEMNIFY THE AGENT-RELATED PERSONS (TO THE EXTENT NOT REIMBURSED BY OR
ON BEHALF OF THE OBLIGATED PARTIES AND WITHOUT LIMITING THE OBLIGATION OF THE OBLIGATED PARTIES TO
DO SO), IN ACCORDANCE WITH THEIR PRO RATA SHARES, AND HOLD HARMLESS EACH AGENT-RELATED PERSON FROM
AND AGAINST ANY AND ALL INDEMNIFIED LIABILITIES (AS SUCH TERM IS DEFINED IN SECTION
9.04(b)) SOLELY TO THE EXTENT ACTING IN ITS CAPACITY AS AGENT OR SECURITY TRUSTEE;
PROVIDED THAT NO LENDER SHALL BE LIABLE FOR THE PAYMENT TO ANY AGENT-RELATED PERSON OF ANY
PORTION OF SUCH INDEMNIFIED LIABILITIES TO THE EXTENT DETERMINED IN A FINAL, NONAPPEALABLE JUDGMENT
BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED FROM SUCH AGENT-RELATED PERSON’S OWN GROSS
NEGLIGENCE OR WILLFUL MISCONDUCT; PROVIDED, FURTHER, THAT NO ACTION TAKEN IN
ACCORDANCE WITH THE DIRECTIONS OF THE MAJORITY LENDERS OR THE REQUIRED LENDERS, AS APPLICABLE,
SHALL BE DEEMED TO CONSTITUTE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT FOR PURPOSES OF THIS SECTION.
Without limitation of the foregoing, each Lender shall reimburse the Agent and the Security Trustee
upon demand for its Pro Rata Share of any costs or out-of-pocket expenses (including Attorney
Costs) incurred by the Agent or the Security Trustee in connection with the preparation, execution,
delivery, administration, modification, amendment, or enforcement (whether through negotiations,
legal proceedings, or otherwise) of, or legal advice in respect of rights or responsibilities
under, this Agreement, any other Loan Document, or any document contemplated by or referred to
herein, to the extent that the Agent and the Security Trustee are not reimbursed for such expenses
by or on behalf of the Obligated Parties. The undertaking in this
shall survive the termination of the Commitments, payment of all Obligations
hereunder, and the resignation or replacement of the Agent the Security Trustee.

Section 8.08 The Agent and the Security Trustee in its Individual Capacity. The Bank and its Affiliates
may make loans to, issue letters of credit for the account of, accept deposits from, acquire equity
interests in, and generally engage in any kind of banking, trust, financial advisory, underwriting,
or other business with any Obligated Party and its Affiliates as though the Bank were not the
Agent, the Security Trustee or the Letter of Credit Issuer hereunder and without notice to or
consent of the Lenders. The Lenders acknowledge that, pursuant to such activities, the Bank or its
Affiliates may receive information regarding an Obligated Party, its Affiliates, and Account
Debtors (including information that may be subject to confidentiality obligations in favor of any
such Obligated Party or Affiliate), and the Lenders acknowledge that the Agent, the Security
Trustee and the Bank shall be under no obligation to provide such information to the Lenders. With
respect to its Loans, the Bank as a Lender shall have the same rights and powers under this
Agreement as any

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 other Lender and may exercise the same as though it were not the Agent, the
Security Trustee or the Letter of Credit Issuer, and the terms “Lender” and “Lenders” include the
Bank in its individual capacity.

Section 8.09 Successor Agent. The Agent may resign as Agent (the “resigning Agent”) upon at
least 30 days prior notice to the Lenders and the Borrowers (and any such resignation by the Bank
shall also constitute its resignation as the Security Trustee (the “resigning Security
Trustee”) and the Letter of Credit Issuer hereunder (the “resigning Letter of Credit
Issuer”)). In the event the Bank sells all of its Commitment and Loans as part of a sale,
transfer, or other disposition by the Bank of substantially all of its loan portfolio, the Bank
shall resign as the Agent and such purchaser or transferee shall become the successor Agent
hereunder. Subject to the foregoing, if the Agent resigns under this Agreement, the Majority
Lenders shall appoint from among the Lenders a successor administrative agent, collateral agent and
security trustee (any Person being appointed as successor to the resigning Agent being referred to
in this Section as the “successor Agent,” and any such appointment shall also constitute
appointment of the successor Agent as the Security Trustee hereunder (the “successor Security
Trustee”) and the Letter of Credit Issuer hereunder (the “successor Letter of Credit
Issuer”)) for the Lenders that shall be consented to by the Borrowers at all times other than
during the existence of a Default or an Event of Default (such consent not to be unreasonably
withheld or delayed). If no successor Agent is appointed prior to the effective date of the
resignation of the resigning Agent, the resigning Agent may appoint, after consulting with the
Lenders and the Borrowers, a successor Agent from among the Lenders. Upon the acceptance of its
appointment as the successor Agent hereunder, (a) the successor Agent shall succeed to all the
rights, powers, and duties of the resigning Agent, the resigning Security Trustee and the resigning
Letter of Credit Issuer, (b) the respective terms “Agent” and “Letter of Credit Issuer” shall mean
the successor Agent, the successor Security Trustee and the successor Letter of Credit Issuer, and
(c) the resigning Agent’s appointment, rights, powers, and duties as the Agent shall be terminated,
(d) the resigning Security Trustee’s appointment, rights, powers, and duties as the Security
Trustee shall be terminated, and (e) the resigning Letter of Credit Issuer’s appointment, rights,
powers, and duties as the Letter of Credit Issuer shall be terminated without any other or further
act or deed on the part of the resigning Letter of Credit Issuer or any Lender, other than the
obligation of the successor Letter of Credit Issuer to
issue Letters of Credit in substitution for the Letters of Credit, if any, outstanding at the time
of such succession or to make other arrangements satisfactory to the resigning Letter of Credit
Issuer to effectively assume the obligations of the resigning Letter of Credit Issuer with respect
to its Letters of Credit. After any resigning Agent’s resignation hereunder as the Agent, the
provisions of this Article VIII, Section 2.13, and Section 9.04 shall
continue to inure to its benefit as to any actions taken or omitted to be taken by it while it was
the Agent under this Agreement. If no successor Agent has accepted appointment as successor Agent
within 30 days of the resigning Agent’s notice of resignation, the resigning Agent’s resignation
shall nevertheless thereupon become effective (except as the Security Trustee) and the Lenders
shall perform all of the duties of the Agent hereunder until such time, if any, as the Majority
Lenders appoint a successor Agent as provided for in this Section 8.09.

SECTION 8.10 Collateral Matters.

     (a) The Credit Providers hereby irrevocably authorize the Agent and the Security Trustee to
release (i) any Agent’s Liens upon any Collateral (A) upon (1) termination of the Commitments, (2)
termination or collateralization as provided in Section 2.03(g) of all outstanding Letters
of Credit

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(whether or not any of such obligations are due), and (3) the Obligated Parties’ payment
and satisfaction in full of all Loans and other Obligations due and payable under the Loan
Documents (other than indemnification obligations to the extent no claim with respect thereto has
been asserted and remains unsatisfied), (B) constituting property being sold, transferred or
disposed of if the Obligated Parties certify to the Agent that the sale, transfer or disposition is
made in compliance with Section 6.04 (and the Agent may rely conclusively on any such
certification, without further inquiry), (C) constituting property being pledged or deposited if
the Obligated Parties certify to the Agent that the pledge or deposit is made in compliance with
Section 6.02 (and the Agent may rely conclusively on any such certification, without
further inquiry), or (D) constituting property in which the Obligated Parties owned no interest at
the time the Lien was granted or at any time thereafter, and (ii) any Guarantor in the event such
Guarantor shall cease to be a Subsidiary upon the consummation of a transaction permitted hereunder
(which release shall include all security interests in the Collateral of such Guarantor). Except
as provided above, the Agent and Security Trustee will not release any of the Agent’s Liens without
the prior written authorization of all the Lenders; provided, that (x) the Agent or the
Security Trustee may, in its discretion, release the Agent’s Liens on Collateral valued in the
aggregate not in excess of $2,500,000 during each fiscal year without the prior written
authorization of any Lender and (y) the Agent or the Security Trustee may, in its discretion,
release the Agent’s Liens on Collateral valued in the aggregate in excess of $2,500,000 and not in
excess of $50,000,000 during each fiscal year with the prior written authorization of the Required
Lenders. Upon request by the Agent, the Security Trustee or the Obligated Parties at any time, the
Credit Providers will confirm in writing the Agent’s or the Security Trustee’s authority to release
any Guarantor and any of the Agent’s Liens upon particular types or items of Collateral in
accordance with the terms of this Section 8.10.

     (b) Upon receipt by the Agent or the Security Trustee of any authorization required pursuant
to Section 8.10(a) from the Lenders or the Majority Lenders, as applicable, of the Agent’s
or the Security Trustee’s authority to release any Agent’s Liens upon particular types or items of
Collateral and/or the release of any Guarantor, as applicable, and upon at least five Business Days
prior written request by an Obligated Party, the Agent and the Security Trustee shall (and are
hereby irrevocably authorized by the Lenders to) execute such documents as may be necessary to
evidence
the release of the Agent’s Liens upon such Collateral; provided that (i) the Agent and
the Security Trustee shall not be required to execute any such document containing terms that, in
the Agent’s or the Security Trustee’s opinion, would expose the Agent or the Security Trustee to
liability or create any obligation or entail any consequence other than the release of such Liens
without recourse or warranty, and (ii) such release shall not in any manner discharge, affect, or
impair the Obligations under the Loan Documents or any Liens (other than those expressly being
released) upon (or obligations of the Obligated Parties in respect of) all interests retained by
the Obligated Parties, including the proceeds of any sale, all of which shall continue to
constitute part of the Collateral.

     (c) The Agent and the Security Trustee shall have no obligation whatsoever to any of the
Credit Providers to assure that the Collateral exists or is owned by the Obligated Parties or is
cared for, protected, or insured or has been encumbered, or that the Agent’s Liens have been
properly or sufficiently or lawfully created, perfected, protected, or enforced or are entitled to
any particular priority, or to exercise at all or in any particular manner or under any duty of
care, disclosure, or fidelity, or to continue exercising, any of the rights, authorities, and
powers granted or available to the Agent and the Security Trustee pursuant to any of the Loan
Documents, it being understood and agreed that in respect of the Collateral, or any act, omission,
or event related thereto, the Agent and

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the Security Trustee may act in any manner they may deem
appropriate, in their sole discretion, given the Agent’s and the Security Trustee’s own interest in
the Collateral in its capacity as one of the Lenders and that the Agent and
the Security Trustee
shall have no other duty or liability whatsoever to any Credit Provider as to any of the foregoing.

SECTION 8.11 Restrictions on Actions by Lenders; Sharing of Payments.

     (a) Each of the Credit Providers (in their respective capacity as a Lender or as an
Agent-Related Person hereunder) agrees that it shall not, without the express consent of the Agent,
setoff against the Obligations, any amounts owing by such Credit Provider to any Obligated Party or
any accounts of any Obligated Party now or hereafter maintained with such Lender. Each of the
Credit Providers further agrees that it shall not, unless specifically requested to do so by the
Agent or the Security Trustee upon the occurrence and during the continuance of an Event of
Default, take or cause to be taken any action to enforce its rights under this Agreement or any
other Loan Document or against any Obligated Party, including the commencement of any legal or
equitable proceedings, to foreclose any Lien on, or otherwise enforce any security interest in, any
of the Collateral.

     (b) If at any time or times any Credit Provider shall receive (i) by payment, foreclosure,
setoff, or otherwise, any proceeds of Collateral or any payments with respect to the Obligations
owing to such Credit Provider arising under, or relating to, this Agreement or the other Loan
Documents, except for any such proceeds or payments received by such Credit Provider from the Agent
pursuant to the terms of this Agreement or pursuant to an assignment permitted by Section
9.05, or (ii) payments from the Agent in excess of such Credit Provider’s ratable portion of
all such distributions by the Agent, such Credit Provider shall promptly (A) turn the same over to
the Agent, in kind, and with such endorsements as may be required to negotiate the same to the
Agent, or in same day funds, as applicable, for the account of all of the Credit Providers and for
application to the Obligations in accordance with the applicable provisions of this Agreement, or
(B) purchase, without recourse or warranty, an undivided interest and participation in the
Obligations owed to the other Lenders so that such excess payment received shall be applied among
the Credit Providers in accordance with the terms of this Agreement; provided that if all
or part of such excess payment
received by the purchasing party is thereafter recovered from it, those purchases of
participations shall be rescinded in whole or in part, as applicable, and the applicable portion of
the purchase price paid therefor shall be returned to such purchasing party, but without interest
except to the extent that such purchasing party is required to pay interest in connection with the
recovery of the excess payment.

SECTION 8.12 Agency for Perfection. Each Credit Provider hereby appoints each other Credit Provider as
agent for the purpose of perfecting Liens, for the benefit of the Credit Providers, in assets that,
in accordance with Article 9 of the UCC or any other applicable law can be perfected only by
possession. Should any Credit Provider (other than the Agent) obtain possession of any such
Collateral, such Credit Provider shall notify the Agent thereof, and, promptly upon the Agent’s
request therefor, shall deliver such Collateral to the Agent or otherwise deal with such Collateral
in accordance with the Agent’s instructions.

SECTION 8.13 Payments by Agent to the Lenders. All payments to be made by the Agent to the Credit
Providers shall be made by bank wire transfer or internal transfer of immediately available funds
to each Credit Provider pursuant to transfer instructions delivered in writing to the Agent on or

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prior to the Closing Date (or if such Credit Provider is an Assignee, delivered with or in the
applicable Assignment and Acceptance), or pursuant to such other transfer instructions as each
party may designate for itself by written notice to the Agent. Concurrently with each such
payment, the Agent shall identify whether such payment (or any portion thereof) represents
principal, premium, interest, or fees on the Revolving Loans, the Letters of Credit, or otherwise.
Unless the Agent receives notice from the Borrowers prior to the date on which any payment is due
to any Credit Provider that the Borrowers will not make such payment in full as and when required,
the Agent may assume that the Borrowers have made such payment in full to the Agent on such date in
immediately available funds and the Agent may (but shall not be so required), in reliance upon such
assumption, distribute to each Credit Provider on such due date an amount equal to the amount then
due such Credit Provider. If and to the extent the Borrowers have not made such payment in full to
the Agent, each Credit Provider shall repay to the Agent on demand such amount distributed to such
Credit Provider, together with interest thereon at the Federal Funds Rate for each day from the
date such amount is distributed to such Credit Provider until the date repaid.

SECTION 8.14 Settlement.

     (a) Each Lender’s funded portion of the Revolving Loans is intended by the Lenders to be equal
at all times to such Lender’s Pro Rata Share of the outstanding Revolving Loans. Notwithstanding
such agreement, the Agent, the Bank, and the Lenders agree (which agreement shall not be for the
benefit of or enforceable by the Obligated Parties) that in order to facilitate the administration
of this Agreement and the other Loan Documents, settlement among them as to the Revolving Loans,
including the Non-Ratable Loans and the Agent Advances, shall take place on a periodic basis in
accordance with the following provisions:

          (i) The Agent shall request settlement (a “Settlement”) with the Lenders on at least a
weekly basis, or on a more frequent basis at the Agent’s election, (A) on behalf of the Bank, with
respect to each outstanding Non-Ratable Loan, (B) for itself, with respect to each Agent Advance,
and (C) with respect to collections received, in each case, by notifying the Lenders of such
requested Settlement by telecopy, telephone, or other similar form of transmission, of such
requested Settlement, no later than 1:00 p.m. (Chicago, Illinois time) on the date of such
requested Settlement (the “Settlement Date”). Each Lender (other than the Bank, in the
case of the Non-Ratable Loans, and the Agent, in the case of the Agent Advances) shall transfer the
amount of such Lender’s Pro Rata Share of the outstanding principal amount of the Non-Ratable Loans
and Agent Advances with respect to which Settlement is requested to the Agent, to such account of
the Agent as the Agent may designate, not later than 3:00 p.m. (Chicago, Illinois time), on the
Settlement Date applicable thereto. Settlements shall occur during the continuation of a Default
or an Event of Default and whether or not the applicable conditions precedent set forth in
Article IV have then been satisfied. Such amounts transferred to the Agent shall be
applied against the amounts of the applicable Non-Ratable Loan or Agent Advance for which the Agent
has requested Settlement and, together with the portion of such Non-Ratable Loan or Agent Advance
representing the Bank’s or the Agent’s Pro Rata Share thereof, shall constitute Revolving Loans of
such Lenders, respectively. If any such amount is not transferred to the Agent by any Lender on
the Settlement Date applicable thereto, the Agent shall be entitled to recover such amount on
demand from such Lender together with interest thereon at the Federal Funds Rate for the first
three days from and after the Settlement Date and thereafter at the Interest Rate then applicable
to Base Rate Loans (1) on behalf of the Bank, with respect to each outstanding Non-Ratable Loan and
(2) for itself, with respect to each Agent Advance.

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          (ii) Notwithstanding the foregoing, not more than one Business Day after demand is made by the
Agent (whether before or after the occurrence of a Default or an Event of Default and regardless of
whether the Agent has requested a Settlement with respect to a Non-Ratable Loan or Agent Advance),
each other Lender (A) shall irrevocably and unconditionally purchase and receive from the Bank or
the Agent, as applicable, without recourse or warranty, an undivided interest and participation in
such Non-Ratable Loan or Agent Advance equal to such Lender’s Pro Rata Share of such Non-Ratable
Loan or Agent Advance, and (B) if Settlement has not previously occurred with respect to such
Non-Ratable Loans or Agent Advances, upon demand by the Bank or the Agent, as applicable, shall pay
to the Bank or the Agent, as applicable, as the purchase price of such participation an amount
equal to 100% of such Lender’s Pro Rata Share of such Non-Ratable Loans or Agent Advances. If such
amount is not in fact transferred to the Agent by any Lender, the Agent shall be entitled to
recover such amount on demand from such Lender together with interest thereon at the Federal Funds
Rate for the first three days from and after such demand and thereafter at the Interest Rate then
applicable to Base Rate Loans.

          (iii) From and after the date, if any, on which any Lender purchases an undivided interest and
participation in any Non-Ratable Loan or Agent Advance pursuant to clause (ii) preceding, the Agent
shall promptly distribute to such Lender, such Lender’s Pro Rata Share of all payments of principal
and interest and all proceeds of Collateral received by the Agent in respect of such Non-Ratable
Loan or Agent Advance.

          (iv) Between Settlement Dates, to the extent no Agent Advances are outstanding, the Agent may
pay over to the Bank any payments received by the Agent, which in accordance with the terms of this
Agreement would be applied to the payment of the Revolving Loans, for application
to the Bank’s Revolving Loans, including Non-Ratable Loans. If, as of any Settlement Date,
collections received since the then immediately preceding Settlement Date have been applied to the
Bank’s Revolving Loans (other than to Non-Ratable Loans or Agent Advances in which a Lender has not
yet funded its purchase of a participation pursuant to clause (ii) preceding), as provided for in
the previous sentence, the Bank shall pay to the Agent for the accounts of the Lenders, to be
applied to the outstanding Revolving Loans of such Lenders, an amount such that each Lender shall,
upon receipt of such amount, have, as of such Settlement Date, its Pro Rata Share of the Revolving
Loans. During the period between Settlement Dates, the Bank with respect to Non-Ratable Loans, the
Agent with respect to Agent Advances, and each Lender with respect to the Revolving Loans other
than Non-Ratable Loans and Agent Advances, shall be entitled to interest at the applicable rate or
rates payable under this Agreement on the actual average daily amount of funds employed by the
Bank, the Agent, and the other Lenders.

          (v) Unless the Agent has received written notice from a Borrower or Lender to the contrary,
the Agent may assume that the applicable conditions precedent set forth in Article IV have
been satisfied and the requested Borrowing will not exceed the Unused Availability on any Funding
Date for a Revolving Loan or Non-Ratable Loan.

     (b) The Lenders’ Failure to Perform. All Revolving Loans (other than Non-Ratable
Loans and Agent Advances) shall be made by the Lenders simultaneously and in accordance with their
Pro Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any
other Lender to perform its obligation to make any Revolving Loans hereunder, nor shall any
Commitment of any Lender be increased or decreased as a result of any failure by any other Lender

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to perform its obligation to make any Revolving Loans hereunder, (ii) no failure by any Lender to
perform its obligation to make any Revolving Loans hereunder shall excuse any other Lender from its
obligation to make any Revolving Loans hereunder, and (iii) the obligations of each Lender
hereunder shall be several, not joint and several.

     (c) Defaulting Lenders. Unless the Agent receives notice from a Lender on or prior to
the Closing Date or, with respect to any Borrowing after the Closing Date, at least one Business
Day prior to the date of such Borrowing in the case of LIBOR Loans and on the date of such
Borrowing in the case of Base Rate Loans, that such Lender will not make available as and when
required hereunder to the Agent such Lender’s Pro Rata Share of such Borrowing, the Agent may
assume that each Lender has made such amount available to the Agent in immediately available funds
on the Funding Date. Furthermore, the Agent may, in reliance upon such assumption, make available
to the Borrowers on such date a corresponding amount. If any Lender has not transferred its full
Pro Rata Share to the Agent in immediately available funds and if the Agent has transferred a
corresponding amount to the Borrowers, on the Business Day following such Funding Date the
applicable Lender shall make such amount available to the Agent, together with interest at the
Federal Funds Rate for that day. A notice by the Agent submitted to any Lender with respect to
amounts owing shall be conclusive, absent manifest error. If each Lender’s full Pro Rata Share is
transferred to the Agent as required, the amount transferred to the Agent shall constitute such
Lender’s Revolving Loan for all purposes of this Agreement. If any such amount is not transferred
to the Agent on the Business Day following the Funding Date, the Agent will notify the Borrowers of
such failure to fund and, upon demand by the Agent, the Borrowers shall pay such amount to the
Agent for the Agent’s account, together with interest thereon for each day elapsed since the date
of such Borrowing, at a rate per annum equal to the Interest Rate applicable at the time to the
Revolving Loans comprising that
particular Borrowing provided that in such event Borrowers shall not be required to
pay any breakage fees which may otherwise be provided for under this Agreement. The failure of any
Lender to make any Revolving Loan on any Funding Date (any such Lender, prior to the cure of such
failure, being referred to herein as a “Defaulting Lender”) shall not relieve any other
Lender of its obligation hereunder to make a Revolving Loan on such Funding Date. No Lender shall
be responsible for any other Lender’s failure to advance such other Lenders’ Pro Rata Share of any
Borrowing.

     (d) Retention of Defaulting Lender’s Payments. The Agent shall not be obligated to
transfer to a Defaulting Lender any payments made by the Borrowers to the Agent for the Defaulting
Lender’s benefit, nor shall a Defaulting Lender be entitled to the sharing of any payments
hereunder. Amounts payable to a Defaulting Lender shall instead be paid to or retained by the
Agent. In its discretion, the Agent may loan the Borrowers the amount of all such payments
received or retained by it for the account of such Defaulting Lender. Any amounts so loaned to the
Borrowers shall bear interest at the rate applicable to Base Rate Loans and for all other purposes
of this Agreement shall be treated as if they were Revolving Loans, provided,
however, that for purposes of voting or consenting to matters with respect to the Loan
Documents and determining Pro Rata Shares, such Defaulting Lender shall be deemed not to be a
“Lender.” Until a Defaulting Lender cures its failure to fund its Pro Rata Share of any Borrowing
(i) such Defaulting Lender shall not be entitled to any portion of the Unused Line Fee and (ii) the
Unused Line Fee shall accrue in favor of the Lenders that have funded their respective Pro Rata
Shares of such requested Borrowing and shall be allocated among such performing Lenders ratably
based upon their relative Commitments. This Section shall remain effective with respect to such
Lender until such time as the Defaulting Lender shall no longer

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be in default of any of its
obligations under this Agreement. The terms of this Section shall not be construed to increase or
otherwise affect the Commitment of any Lender, or relieve or excuse the performance by any
Obligated Party of its duties and obligations hereunder.

     (e) Removal of Defaulting Lender. At the Borrowers’ request, the Agent (acting in its
individual capacity as a Lender) or an Eligible Assignee reasonably acceptable to the Agent and the
Borrowers shall have the right (but not the obligation) to purchase from any Defaulting Lender, and
each Defaulting Lender shall, upon such request, sell and assign to the Agent (acting in its
individual capacity as a Lender) or such Eligible Assignee, all of the Defaulting Lender’s
outstanding Loans and Commitments hereunder. Such sale shall be consummated promptly after the
Agent has arranged for a purchase by the Agent (acting in its individual capacity as a Lender) or
an Eligible Assignee pursuant to an Assignment and Acceptance, and at a price equal to the
outstanding principal balance of the Defaulting Lender’s Loans, plus accrued interest and fees
(excluding the Unused Line Fee to the extent not required to be paid to the Defaulting Lender
pursuant to Section 8.14(d)), without premium or discount.

SECTION 8.15 Letters of Credit; Intra-Lender Issues.

     (a) Notice of Letter of Credit Balance. On each Settlement Date, the Agent shall
notify each Lender of the issuance of any Letters of Credit since the prior Settlement Date.

     (b) Participations in Letters of Credit.

          (i) Purchase of Participations. Immediately upon issuance of any Letter of Credit in
accordance with Section 2.03(d), each Lender shall be deemed to have irrevocably and
unconditionally purchased and received without recourse or warranty, an undivided interest and
participation equal to such Lender’s Pro Rata Share of the face amount of such Letter of Credit in
connection with the issuance of such Letter of Credit (including all obligations of the Borrowers,
and any security therefor or guaranty pertaining thereto).

          (ii) Sharing of Reimbursement Obligation Payments. Whenever the Agent receives a
payment from a Borrower on account of reimbursement obligations in respect of a Letter of Credit as
to which the Agent has previously received for the account of the Agent or the Letter of Credit
Issuer payment from a Lender, the Agent shall pay to such Lender such Lender’s Pro Rata Share of
such payment from such Borrower. Each such payment shall be made by the Agent on the next
Settlement Date.

          (iii) Documentation. Upon the request of any Lender, the Letter of Credit Issuer
shall furnish to the Agent and the Agent shall furnish to such Lender copies of any Letter of
Credit, reimbursement agreements executed in connection therewith, applications for any Letter of
Credit, and such other documentation relating to such Letter of Credit as may reasonably be
requested by such Lender.

          (iv) Obligations Irrevocable. The obligation of each Lender to make payments to the
Agent with respect to any Letter of Credit or with respect to their participation therein or with
respect to the Revolving Loans made as a result of a drawing under a Letter of Credit and the
obligation of the Borrowers to make payments to the Agent, for the account of the Lenders, with

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respect to any Letter of Credit shall be irrevocable and shall not be subject to any qualification
or exception whatsoever, including any of the following circumstances:

     (A) any lack of validity or enforceability of this Agreement or any of the
other Loan Documents;

     (B) the existence of any claim, setoff, defense, or other right that any
Borrower may have at any time against a beneficiary named in a Letter of Credit or
any transferee of any Letter of Credit (or any Person for whom any such transferee
may be acting), any Lender, the Agent, the Letter of Credit Issuer, or any other
Person, whether in connection with this Agreement, any Letter of Credit, the
transactions contemplated herein or any unrelated transactions (including any
underlying transactions between any Borrower or any other Person and the beneficiary
named in any Letter of Credit);

     (C) any draft, certificate, or other document presented under any Letter of
Credit proving to be forged, fraudulent, invalid, or insufficient in any respect or
any statement therein being untrue or inaccurate in any respect;

     (D) the surrender or impairment of any security for the performance or
observance of any of the terms of any of the Loan Documents;

     (E) the occurrence of any Default or Event of Default; or

     (F) the failure of the Borrowers to satisfy the applicable conditions precedent
set forth in Article IV.

     (c) Recovery or Avoidance of Payments; Refund of Payments in Error. In the event any
payment by or on behalf of the Borrowers received by the Agent with respect to any Letter of Credit
and distributed by the Agent to the Lenders on account of their respective participations therein
is thereafter set aside, avoided, or recovered from the Agent or the Letter of Credit Issuer in
connection with any receivership, liquidation, or bankruptcy proceeding, the Lenders shall, upon
demand by the Agent, pay to the Agent their respective Pro Rata Shares of such amount set aside,
avoided, or recovered, together with interest at the rate required to be paid by the Agent or the
Letter of Credit Issuer upon the amount required to be repaid by it. Unless the Agent receives
notice from the Borrowers prior to the date on which any payment is due to the Lenders that the
Borrowers will not make such payment in full as and when required, the Agent may assume that the
Borrowers have made such payment in full to the Agent on such date in immediately available funds
and the Agent may (but shall not be so required), in reliance upon such assumption, distribute to
each Lender on such due date an amount equal to the amount then due such Lender. If and to the
extent the Borrowers have not made such payment in full to the Agent, each Lender shall repay to
the Agent on demand such amount distributed to such Lender, together with interest thereon at the
Federal Funds Rate for each day from the date such amount is distributed to such Lender until the
date repaid.

     (d) Indemnification by the Lenders. To the extent not reimbursed by the Borrowers and
without limiting the obligations of the Borrowers hereunder, the Lenders agree to indemnify the
Letter of Credit Issuer ratably in accordance with their respective Pro Rata Shares, for any and
all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses

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(including attorneys’ fees) or disbursements of any kind and nature whatsoever that may be
imposed on, incurred by or asserted against the Letter of Credit Issuer in any way relating to or
arising out of any Letter of Credit or the transactions contemplated thereby or any action taken or
omitted by the Letter of Credit Issuer under any Letter of Credit or any Loan Document in
connection therewith; provided that no Lender shall be liable for any of the foregoing to
the extent determined in a final, nonappealable judgment by a court of competent jurisdiction to
have resulted from the Letter of Credit Issuer’s own gross negligence or willful misconduct.
Without limiting the foregoing, each Lender agrees to reimburse the Letter of Credit Issuer
promptly upon demand for its Pro Rata Share of any costs or expenses payable by the Borrowers to
the Letter of Credit Issuer, to the extent that the Letter of Credit Issuer is not promptly
reimbursed for such costs and expenses by the Borrowers. The agreement contained in this Section
shall survive payment in full of all other Obligations.

SECTION 8.16 Concerning the Collateral and the Related Loan Documents. Each Lender authorizes and
directs the Agent and the Security Trustee to enter into the other Loan Documents, for the benefit
and obligation of the Credit Providers. Each Lender agrees that any action taken by the Agent, the
Security Trustee, the Required Lenders, or the Majority Lenders, as applicable, in accordance with
the terms of this Agreement or the other Loan Documents, and the exercise by the Agent, the
Security Trustee, the Required Lenders, or the Majority Lenders, as applicable, of their respective
powers set forth therein or herein, together with such other powers that are reasonably incidental
thereto, shall be binding upon all of the Lenders. The Lenders acknowledge that the Revolving
Loans (including the Agent Advances and the Non-Ratable Loans, Bank Products, and all interest,
fees, and expenses hereunder) constitute one Indebtedness, secured
pari passu by all of the Collateral, subject to the order of distribution of payments set forth in
Section 2.11(e).

SECTION 8.17 Field Audit and Examination Reports; Disclaimer by Lenders. By signing this Agreement,
each Lender:

     (a) is deemed to have requested that the Agent and the Security Trustee furnish such Lender,
promptly after it becomes available, a copy of each field audit, appraisal or examination report
(each a “Report” and collectively, the “Reports”) prepared by or on behalf of the
Agent;

     (b) expressly agrees and acknowledges that neither the Bank, the Agent nor the Security
Trustee (i) makes any representation or warranty as to the accuracy of any Report or (ii) shall be
liable for any information contained in any Report;

     (c) expressly agrees and acknowledges that the Reports are not comprehensive audits or
examinations, that the Agent, the Security Trustee, the Bank, or any other Person performing any
audit or examination will inspect only specific information regarding the Obligated Parties and
will rely significantly upon the Obligated Parties’ books and records, as well as on
representations of the Obligated Parties’ personnel;

     (d) agrees to keep all Reports confidential and strictly for its internal use, and not to
distribute except to any assignee or Participant (or any potential assignee or Participant), or use
any Report in any other manner; and

     (e) without limiting the generality of any other indemnification provision contained in this
Agreement, agrees: (i) to hold the Agent, the Security Trustee and any such other Person

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preparing
a Report harmless from any action the indemnifying Lender may take or conclusion the indemnifying
Lender may reach or draw from any Report in connection with any loans or other credit
accommodations that the indemnifying Lender has made or may make to the Borrower, or the
indemnifying Lender’s participation in, or the indemnifying Lender’s purchase of, a loan or loans
to the Borrowers; and (ii) to pay and protect, and indemnify, defend, and hold the Agent, the
Security Trustee and any such other Person preparing a Report harmless from and against, the
claims, actions, proceedings, damages, costs, expenses, and other amounts (including Attorney
Costs) incurred by the Agent, the Security Trustee and any such other Person preparing a Report as
the direct or indirect result of any third parties who might obtain all or part of any Report
through the indemnifying Lender.

SECTION 8.18 Relation Among the Lenders. The Lenders are not partners or co-venturers, and no Lender
shall be liable for the acts or omissions of, or (except as otherwise set forth herein in the case
of the Agent and the Security Trustee) authorized to act for, any other Lender.

SECTION 8.19 Joint Lead Arrangers. Each Lender hereby irrevocably appoints and designates BAS,
Wachovia, UBSS and STRH (acting in their individual capacities as Joint Lead Arrangers) as its
joint lead arrangers under this
Agreement and the other Loan Documents. Each of BAS, Wachovia, UBSS and STRH, as a “Joint Lead
Arranger”, shall have no right, power, obligation, liability, responsibility or duty under this
Agreement or any of the Loan Documents. Without limiting the foregoing, none of BAS, Wachovia,
UBSS and STRH shall have or be deemed to have any fiduciary relationship with any Lender. Each
Lender acknowledges that it has not relied, and will not rely, on BAS, Wachovia, UBSS or STRH in
deciding to enter into this Agreement or in taking or not taking action hereunder.

SECTION 8.20 Joint Book Runners. Each Lender hereby irrevocably appoints and designates BAS, Wachovia,
UBSS and STRH (acting in their individual capacities as Joint Book Runners) as its joint book
runners under this Agreement and the other Loan Documents. Each of BAS, Wachovia, UBSS and STRH,
as a “Joint Book Runner”, shall have no right, power, obligation, liability, responsibility or duty
under this Agreement or any of the Loan Documents. Without limiting the foregoing, none of BAS,
Wachovia, UBSS and STRH shall have or be deemed to have any fiduciary relationship with any Lender.
Each Lender acknowledges that it has not relied, and will not rely, on BAS, Wachovia, UBSS or STRH
in deciding to enter into this Agreement or in taking or not taking action hereunder.

SECTION 8.21 Syndication Agent. Each Lender hereby irrevocably appoints and designates WFF (acting in
its capacity as the Syndication Agent) as its syndication agent under this Agreement and the other
Loan Documents. WFF, as “Syndication Agent”, shall have no right, power, obligation, liability,
responsibility or duty under this Agreement or any of the Loan Documents. Without limiting the
foregoing, WFF shall not have or be deemed to have any fiduciary relationship with any Lender.
Each Lender acknowledges that it has not relied, and will not rely, on WFF in deciding to enter
into this Agreement or in taking or not taking action hereunder.

SECTION 8.22 Co-Documentation Agents. Each Lender hereby irrevocably appoints and designates UBSS,
SunTrust and RBSBC (acting in their individual capacities as Co-Documentation Agents) as its
co-documentation agents under this Agreement and the other Loan Documents. Each of UBSS, SunTrust
and RBSBC, as a “Co-Documentation Agent”, shall have no right, power,

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obligation, liability,
responsibility or duty under this Agreement or any of the Loan Documents. Without limiting the
foregoing, none of UBSS, SunTrust and RBSBC shall have or be deemed to have any fiduciary
relationship with any Lender. Each Lender acknowledges that it has not relied, and will not rely,
on UBSS, SunTrust or RBSBC in deciding to enter into this Agreement or in taking or not taking
action hereunder.

ARTICLE IX

MISCELLANEOUS

SECTION 9.01 [RESERVED].

SECTION 9.02 Notices.

     (a) Except as otherwise provided herein, all notices, demands, and requests that any party is
required or elects to give to any other party shall be in writing, or by a telecommunications
device capable of creating a written record, and any such notice shall become effective (i) upon
personal delivery thereof, including, but not limited to, delivery by overnight mail or courier
service, (ii) four days after it shall have been mailed by U.S. mail, first class, certified or
registered, with postage prepaid, or (iii) in the case of notice by such a telecommunications
device, when properly transmitted and confirmed, in each case addressed to the party to be notified
as follows:

	 	 	 	 	 
	 

	 	If to the Agent,	 	 
	 

	 	   to the Security Trustee	 	 
	 

	 	   or to the Bank:
	 	Bank of America, N.A.
	 

	 	 	 	135 S. LaSalle, Suite 465
	 

	 	 	 	Chicago, Illinois 60603
	 

	 	 	 	Attention: Peter M. Walther
	 

	 	 	 	Telecopy No.: (312) 904-7190
	 
	 	 	 	 
	 

	 	With a copy to:
	 	Otterbourg, Steindler, Houston &
	 

	 	 	 	   Rosen, P.C.
	 

	 	 	 	230 Park Avenue
	 

	 	 	 	New York, New York 10169
	 

	 	 	 	Attention: Richard L. Stehl, Esq.
	 

	 	 	 	Telecopy No. (212) 682-6104
	 
	 	 	 	 
	 

	 	If to any Obligated Party:
	 	c/o Commercial Barge Line Company
	 

	 	 	 	1701 East Market Street
	 

	 	 	 	Jeffersonville, Indiana 47130
	 

	 	 	 	Attention: SVP and General Counsel
	 

	 	 	 	Telecopy No.: (812) 288-0294
	 
	 	 	 	 
	 

	 	With a copy to:
	 	Sidley Austin LLP
	 

	 	 	 	One South Dearborn
	 

	 	 	 	Chicago, Illinois 60603
	 

	 	 	 	Attention: Anny Huang, Esq.

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	 	 	 	Telecopy No. (312) 853-2933

If to a Lender, to the address of such Lender set forth on Schedule 1.01(A)
of this Agreement or on the most recent Assignment and Acceptance to which such
Lender is a party, or to such other address as each party may designate for itself
by like notice.

     (b) Loan Documents may be transmitted and/or signed by facsimile. The effectiveness of any
such Loan Documents and signatures shall, subject to applicable law, have the same force and effect
as manually signed originals and shall be binding on the Obligated Parties that are parties
thereto, the Agent, the Lenders, and all other parties to the Loan Documents. The Agent may also
require that any such documents and signatures be confirmed by a manually signed original thereof,
provided that the failure to request or deliver the same shall not limit the
effectiveness of any facsimile document or signature.

     (c) The Agent, the Security Trustee and the Lenders shall be entitled to rely and act upon any
notices (including telephonic notices in lieu of written Notices of Borrowing and Notices of
Continuation/Conversion) purportedly given by or on behalf of the Borrowers even if (i) such
notices were not made in a manner specified herein, (ii) such notices were incomplete or were not
preceded or followed by any other form of notice specified herein, or (iii) the terms thereof, as
understood by the recipient, varied from any confirmation thereof. The Obligated Parties shall
indemnify each Credit Provider from all losses, costs, expenses, and liabilities resulting from the
reliance by such Person on each notice purportedly given by or on behalf of the Borrowers. All
telephonic notices to and other communications with the Agent may be recorded by the Agent, and
each of the parties hereto hereby consents to such recording.

     (d) Notwithstanding anything in this Agreement or any other Loan Document to the contrary,
each Obligated Party agrees to use reasonable efforts to provide all Communications (as defined
below) to the Agent in an electronic/soft medium in a format acceptable to the Agent to the e-mail
addresses specified by the Agent to ACL from time to time. As used in this Section 9.02,
“Communications” means all information, documents and other materials that any Obligated Party is
obligated to furnish to the Agent pursuant to this Agreement or any other Loan Document, including
all notices, requests, Financial Statements, financial and other reports, certificates, and other
information materials, but excluding any such information, documents, or materials that (i) relate
to any request for a Borrowing or a continuation or a conversion of any existing Loan (including
any election of an interest rate or the duration of an Interest Period), (ii) relate to the payment
of any principal or other amount due under this Agreement or any other Loan Document prior to the
scheduled date therefor, (iii) provide notice of any Default or Event of Default; or (iv) are
required to be delivered to satisfy any condition set forth in Section 4.01 or Section
4.02.

     (e) Each Obligated Party and each Credit Provider agrees that the Agent and the Security
Trustee may make the Loan Documents and the Communications, together with other information
relating to the Obligated Parties and their business and assets, including Borrowing Base
Certificates, appraisals, and Reports, (all such other information being referred to collectively
in this Section 9.02 as the “Other Information”), available to the Credit Providers
by posting on Intralinks or a substantially similar electronic transmission system approved by the
Borrowers (which approval shall not be unreasonably withheld) (each such system being referred to
in this Section 9.02 as a

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“Platform”). Each Obligated Party (i) acknowledges that
the distribution of material through an electronic medium is not necessarily secure and that there
are confidentiality and other risks associated with such distribution and (ii) agrees that posting
of the Communications and Other Information to a Platform will not in any event constitute a breach
of the confidentiality provisions of Section 9.13.

     (f) EACH PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT-RELATED PERSONS DO NOT
WARRANT THE ACCURACY OR COMPLETENESS OF ANY LOAN DOCUMENTS, COMMUNICATIONS, OR OTHER INFORMATION
POSTED BY ANY AGENT-RELATED PERSON TO ANY PLATFORM, OR THE ADEQUACY OF ANY PLATFORM, AND THE
AGENT-RELATED PERSONS AND THE OTHER CREDIT PROVIDERS EXPRESSLY DISCLAIM ANY LIABILITY FOR ERRORS OR
OMISSIONS IN
ANY LOAN DOCUMENTS, COMMUNICATIONS, OR OTHER INFORMATION AS POSTED ON ANY PLATFORM. NO
WARRANTY OF ANY KIND, EXPRESS, IMPLIED, OR STATUTORY (INCLUDING ANY WARRANTY OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS, OR FREEDOM FROM VIRUSES
OR OTHER CODE DEFECTS) IS MADE BY THE AGENT-RELATED PERSONS OR ANY OTHER CREDIT PROVIDER IN
CONNECTION WITH THE LOAN DOCUMENTS, COMMUNICATIONS, OR OTHER INFORMATION OR ANY PLATFORM. IN NO
EVENT SHALL ANY AGENT-RELATED PERSON OR ANY OTHER CREDIT PROVIDER HAVE ANY LIABILITY TO ANY
OBLIGATED PARTY OR ANY OTHER PERSON FOR DAMAGES OF ANY KIND (INCLUDING DIRECT OR INDIRECT DAMAGES,
SPECIAL DAMAGES, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN CONTRACT, TORT
OR OTHERWISE)) ARISING OUT OF ANY PERSON’S TRANSMISSION OF LOAN DOCUMENTS, COMMUNICATIONS, OR OTHER
INFORMATION THROUGH THE INTERNET, OR POSTING OR FAILURE TO POST ANY LOAN DOCUMENTS, COMMUNICATIONS,
OR OTHER INFORMATION ON ANY PLATFORM, EXCEPT TO THE EXTENT DETERMINED IN A FINAL, NONAPPEALABLE
JUDGMENT BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED FROM SUCH PERSON’S OWN GROSS
NEGLIGENCE OR WILLFUL MISCONDUCT.

     (g) Subject to the last sentence of clause (f) preceding, the Agent agrees that the receipt of
the Communications by it at its e-mail addresses specified to the Obligated Parties from time to
time shall constitute effective delivery of the Communications to the Agent for purposes of this
Agreement. Each Lender agrees that notice to it (as provided in the following sentence) specifying
that the Communications and the Other Information have been posted to a Platform shall constitute
effective delivery of the Communications and the Other Information to such Lender for purposes of
this Agreement. Each Lender agrees (i) to notify the Agent in writing (including by electronic
communication) from time to time of such Lender’s e-mail addresses to which the foregoing notice
may be sent by electronic transmission and (ii) that the foregoing notice may be sent to such
e-mail address.

SECTION 9.03 Waivers; Amendments.

     (a) Except as specified in clauses (b), (c) and (d) following, no amendment or waiver of any
provision of this Agreement or any other Loan Document, and no consent with respect to any

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departure by any Obligated Party therefrom, shall be effective unless such amendment, modification,
or consent is in writing, signed by the Majority Lenders (or by the Agent or the Security Trustee
at the written request of the Majority Lenders) and the Obligated Parties, and acknowledged by the
Agent or the Security Trustee, and then any such amendment, waiver, or consent shall be effective
only in the specific instance and for the specific purpose for which given.

     (b) Unless it is in writing and signed by all of the Lenders (or by the Agent at the written
request of the Lenders) and the Borrowers and acknowledged by the Agent, no amendment, waiver, or
consent shall do any of the following:

          (i) amend (A) the first two sentences of Section 2.01(b)(i) or (B) Sections
2.11(e)(i) and 8.11(b) to the extent such provisions relate to the pro rata nature of
the payments made by and to the Lenders, or Sections 8.14(a) and 8.14(b);

          (ii) subject to Section 9.03(c), increase the Maximum Revolver Amount or the Letter of
Credit Subfacility;

          (iii) postpone or delay any date fixed by this Agreement or any other Loan Document for any
payment of principal, interest, fees (other than fees payable to the Agent solely for the Agent’s
benefit), or other amounts due to the Lenders (or any of them) hereunder or under any other Loan
Document;

          (iv) reduce the principal of, or the rate of interest specified herein on any Loan or LC
Obligation, or any fees or other amounts payable hereunder or under any other Loan Document;

          (v) change the percentage of the Commitments or of the aggregate unpaid principal amount of
the outstanding Obligations under the Loan Documents or LC Obligations that is required for the
Lenders, or any of them, to take any action hereunder;

          (vi) change the definition of Borrowing Base, Cash Dominion Trigger Period, Covenant Testing
Trigger Period, Eligible Accounts, Eligible Inventory, Inventory Advance Amount, Pro Rata Share,
Vessel Advance Amount, Vessel Advance Rate, Vessel Appraisal, Eligible Vessels, Majority Lenders,
or Required Lenders;

          (vii) change the order of the application of payments set forth in Section 2.11(e);

          (viii) amend Section 8.10, this Section 9.03 or any provision of this
Agreement providing for consent or other action by all of the Lenders; or

          (ix) other than as permitted by Section 8.10, release or subordinate any Guaranties of
the Obligations or release or subordinate any Collateral;

provided that (A) no amendment, waiver, or consent shall, unless in writing and signed by
the Agent or the Security Trustee, affect the rights or duties of the Agent or the Security Trustee
under this Agreement or any other Loan Document, (B) no amendment, waiver, or consent shall, unless
in writing and signed by the Bank, acting in its capacity as the Letter of Credit Issuer affect the
rights or duties of the Letter of Credit Issuer under this Agreement or any other Loan Document
related to any Letter of Credit issued or to be issued by it, (C) Schedule 1.01(A) may be
amended from time to

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time by the Agent alone to reflect assignments of Commitments in accordance
with this Agreement, (D) any agreement, document or instrument relating to Bank Products may be
amended by the applicable Obligated Party and the counterparty thereto without the approval or
consent of any other Lender, and (E) no Defaulting Lender shall have any right to approve or
disapprove any amendment, waiver, or consent hereunder.

     (c) Notwithstanding anything to the contrary contained herein, unless it is in writing and
signed by the Majority Lenders and each Lender affected thereby, no amendment shall (i) increase
(other than pursuant to an assignment hereunder) or extend the Commitment of any Lender or, (ii)
except as set forth in Section 9.03(b)(i), amend any provision relating to the pro rata nature
of the payments made by and to the Lenders.

     (d) No waiver, amendment, or consent shall, unless in writing and signed by the Required
Lenders and the Obligated Parties and acknowledged by the Agent, amend any provision of Section
2.01(b)(x), other than an amendment to the percentage of Lenders required to revoke the Agent’s
authorization to make Agent Advances which revocation shall require only the signature of the
Required Lenders.

     (e) If any fees are paid to the Lenders as consideration for amendments, waivers, or consents
with respect to this Agreement, at the Agent’s election, such fees may be paid only to those
Lenders that agree to such amendments, waivers, or consents within the time specified for
submission thereof.

     (f) If, in connection with any proposed amendment, waiver, or consent:

          (i) requiring the consent of all of the Lenders, the consent of the Required Lenders is
obtained but the consent of the other Lenders is not obtained (any such Lender whose consent is not
obtained as described in this clause (i) or clause (ii) following being referred to as a
“Non-Consenting Lender”), or

          (ii) requiring the consent of the Required Lenders, the consent of the Majority Lenders is
obtained but the consent of the other Lenders is not obtained,

          (iii) then, if the Bank (in its individual capacity as a Lender) is not a Non-Consenting
Lender, at the Borrowers’ request the Bank (in its individual capacity as a Lender) or an Eligible
Assignee shall, subject to the requirements of Section 9.05, have the right (but not the
obligation) to purchase from each Non-Consenting Lender, and each Non-Consenting Lender agrees that
it shall sell, such Non-Consenting Lender’s Loans and Commitments for an amount equal to the
aggregate outstanding principal balances thereof plus all accrued interest and fees with respect
thereto through the date of sale pursuant to one or more Assignment and Acceptances, without
premium or discount.

SECTION 9.04 Expenses; Indemnity; Damage Waiver.

     (a) Fees and Expenses. The Obligated Parties agree to pay to the Agent, the Security
Trustee and the Lenders, for their respective accounts, on demand, all reasonable out-of-pocket
(except as expressly provided below) costs and expenses that the Agent and the Lenders pay or incur
in connection with the negotiation, preparation, consummation, administration, enforcement, and

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termination of this Agreement or any of the other Loan Documents, including: (i) Attorney Costs;
(ii) costs and expenses (including Attorney Costs) for any amendment, supplement, waiver, consent,
or subsequent closing in connection with the Loan Documents and the transactions contemplated
thereby; (iii) costs and expenses of lien searches; (iv) taxes, fees, and other charges for filing
financing statements and continuations, and other actions to perfect, protect, and continue the
Agent’s Liens (including costs and expenses paid or incurred by the Agent and the Security Trustee
in connection with the consummation of this Agreement); (v) sums paid or incurred to pay any amount
or take any action required of any Obligated Party under the Loan Documents that such
Obligated Party fails to pay or take; (vi) costs of (A) appraisals, including any Vessel
Appraisal (whether conducted by an internal or external appraiser), and (B) inspections, and
verifications of the Collateral and other due diligence, including travel, lodging, and meals, with
respect to the Collateral and the Obligated Parties’ operations by the Agent and the Security
Trustee, plus the Agent’s and the Security Trustee’s then customary charge for field examinations
and audits and the preparation of reports thereof (such charge is currently $1,000 per day (or
portion thereof) for each Person retained or employed by the Agent and the Security Trustee with
respect to each field examination or audit) performed or prepared at any time, and (vii) costs and
expenses of forwarding loan proceeds, collecting checks and other items of payment, and
establishing and maintaining Clearing Accounts and lockboxes, and costs and expenses of preserving
and protecting the Collateral. In addition, the Obligated Parties agree to pay (A) to the Agent
and the Security Trustee, for their benefit, on demand, all reasonable out-of-pocket (except as
expressly provided below) costs and expenses incurred by the Agent and the Security Trustee
(including Attorney Costs), and (B) to the Lenders (other than the Bank), for their benefit, on
demand, all reasonable and actual fees, expenses, and disbursements incurred by the Lenders for one
law firm retained by the Lenders, in each case, paid or incurred to obtain payment of the
Obligations under the Loan Documents, enforce the Agent’s Liens, sell or otherwise realize upon the
Collateral, and otherwise enforce the provisions of the Loan Documents, or to defend any claims
made or threatened against the Agent, the Security Trustee or any Lender arising out of the
transactions contemplated hereby (including preparations for and consultations concerning any such
matters). The Agent and Security Trustee shall submit reasonable documentation of any such costs
and expenses. The foregoing shall not be construed to limit any other provisions of the Loan
Documents regarding costs and expenses to be paid by the Obligated Parties. All of the foregoing
costs and expenses shall be charged to the Loan Account as Revolving Loans as described in
Section 2.11(d). The agreements in this Section 9.04 shall survive payment of all
other Obligations. Agent and the Security Trustee agree to use their commercially reasonable
efforts to conduct all appraisals and field examinations in such manner as to minimize impact on
the operations of the Obligated Parties.

     (b) (i) EACH OBLIGATED PARTY AGREES TO DEFEND, INDEMNIFY, AND HOLD THE AGENT-RELATED PERSONS,
EACH CREDIT PROVIDER, AND EACH OF THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, COUNSEL,
REPRESENTATIVES, AGENTS, AND ATTORNEYS-IN-FACT (EACH, AN “INDEMNIFIED PERSON”) HARMLESS
FROM AND AGAINST ANY AND ALL LIABILITIES, OBLIGATIONS, LOSSES, DAMAGES, PENALTIES, ACTIONS,
JUDGMENTS, SUITS, COSTS, CHARGES, EXPENSES, AND DISBURSEMENTS (INCLUDING ATTORNEY COSTS AND
REASONABLE LEGAL COSTS AND EXPENSES OF THE OTHER CREDIT PROVIDERS) OF ANY KIND OR NATURE WHATSOEVER
THAT MAY AT ANY TIME (INCLUDING AT ANY TIME FOLLOWING REPAYMENT OF THE LOANS AND THE TERMINATION,
RESIGNATION, OR REPLACEMENT OF THE AGENT OR REPLACEMENT

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OF ANY OTHER CREDIT PROVIDER) BE IMPOSED
ON, INCURRED BY, OR ASSERTED AGAINST ANY SUCH PERSON IN ANY WAY RELATING TO OR ARISING OUT OF THIS
AGREEMENT, ANY OTHER LOAN DOCUMENT, OR ANY OTHER AGREEMENT, INSTRUMENT, OR DOCUMENT CONTEMPLATED BY
OR REFERRED TO HEREIN OR THEREIN, OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY, OR ANY ACTION
TAKEN OR OMITTED BY ANY INDEMNIFIED PERSON UNDER OR IN CONNECTION WITH ANY OF THE FOREGOING,
INCLUDING WITH RESPECT TO ANY
INVESTIGATION, LITIGATION, OR PROCEEDING (INCLUDING ANY BANKRUPTCY, INSOLVENCY, OR OTHER
PROCEEDING, AND ANY APPELLATE PROCEEDING) RELATED TO OR ARISING OUT OF THIS AGREEMENT, ANY OTHER
LOAN DOCUMENT, THE LOANS, OR THE USE OF THE PROCEEDS OF THE LOANS, WHETHER OR NOT ANY INDEMNIFIED
PERSON IS A PARTY THERETO (ALL THE FOREGOING, COLLECTIVELY, THE “INDEMNIFIED LIABILITIES”);
PROVIDED THAT NO OBLIGATED PARTY SHALL HAVE ANY OBLIGATION HEREUNDER TO ANY INDEMNIFIED
PERSON WITH RESPECT TO INDEMNIFIED LIABILITIES TO THE EXTENT DETERMINED IN A FINAL, NONAPPEALABLE
JUDGMENT BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED FROM SUCH INDEMNIFIED PERSON’S OWN
GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. THE AGREEMENTS IN THIS SECTION 9.04(b)(i) SHALL
SURVIVE PAYMENT OF ALL OTHER OBLIGATIONS.

          (ii) EACH OBLIGATED PARTY AGREES TO INDEMNIFY, DEFEND, AND HOLD HARMLESS THE AGENT AND THE
LENDERS FROM ANY LOSS OR LIABILITY DIRECTLY OR INDIRECTLY ARISING OUT OF THE USE, GENERATION,
MANUFACTURE, PRODUCTION, STORAGE, RELEASE, THREATENED RELEASE, DISCHARGE, DISPOSAL, OR PRESENCE OF
A HAZARDOUS SUBSTANCE RELATING TO ANY OBLIGATED PARTY’S OPERATIONS, BUSINESS, OR PROPERTY. THIS
INDEMNITY WILL APPLY WHETHER THE HAZARDOUS SUBSTANCE IS ON, UNDER, OR ABOUT ANY OBLIGATED PARTY’S
PROPERTY OR OPERATIONS OR PROPERTY LEASED TO ANY OBLIGATED PARTY. THE INDEMNITY INCLUDES BUT IS
NOT LIMITED TO ATTORNEY COSTS AND REASONABLE LEGAL COSTS AND EXPENSES OF THE OTHER CREDIT PROVIDERS
(INCLUDING ENVIRONMENTAL ASSESSMENTS). THE INDEMNITY EXTENDS TO THE AGENT AND THE OTHER CREDIT
PROVIDERS, THEIR AFFILIATES, SUBSIDIARIES, AND ALL OF THEIR DIRECTORS, OFFICERS, EMPLOYEES, AGENTS,
SUCCESSORS, ATTORNEYS, AND ASSIGNS. AS USED IN THIS SECTION 9.04(b)(ii), “HAZARDOUS
SUBSTANCES” MEANS ANY SUBSTANCE, MATERIAL, OR WASTE THAT IS OR BECOMES DESIGNATED OR REGULATED AS
“TOXIC,” “HAZARDOUS,” “POLLUTANT,” OR “CONTAMINANT” OR A SIMILAR DESIGNATION OR REGULATION UNDER
ANY FEDERAL, STATE, OR LOCAL LAW (WHETHER UNDER COMMON LAW, STATUTE, REGULATION, OR OTHERWISE) OR
JUDICIAL OR ADMINISTRATIVE INTERPRETATION OF SUCH, INCLUDING PETROLEUM OR NATURAL GAS. THIS
INDEMNITY WILL SURVIVE REPAYMENT OF ALL OTHER OBLIGATIONS.

     (c) To the extent that the Obligated Parties fail to pay any amount required to be paid by
them to the Agent under paragraph (a) or (b) of this Section, each Lender severally agrees to pay
to the Agent, such Lender’s Pro Rata Share (determined as of the time that the applicable
unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that
the unreimbursed

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expense or indemnified loss, claim, damage, liability or related expense, as the
case may be, was incurred by or asserted against the Agent in its capacity as such.

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

SECTION 9.05 Successors and Assigns.

     (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns permitted hereby except that (i) the
Obligated Parties may not assign or otherwise transfer any of their rights or obligations hereunder
without the prior written consent of each Lender (and any attempted assignment or transfer by the
Obligated Parties without such consent shall be null and void) and (ii) no Lender may assign or
otherwise transfer its rights or obligations hereunder except in accordance with this Section.
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 (c) of this Section) and, to the extent expressly
contemplated hereby, the Related Parties of each of the Agent, the Security Trustee and the
Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

     (b) (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign
to one or more assignees that is not an Ineligible Assignee (as such term is defined in the
Eligible Assignee Side Letter) all or a portion of its rights and obligations under this Agreement
(including all or a portion of the Loans at the time owing to it) with the prior written consent
(such consent not to be unreasonably withheld) of:

     (A) the Borrowers, provided that no consent of the Borrowers shall be
required for an assignment to a Lender, an Affiliate of a Lender or an Approved
Fund, or if an Event of Default has occurred and is continuing, any other assignee;
and

     (B) the Agent, provided that no consent of the Agent shall be required
for an assignment to an assignee that is a Lender immediately prior to giving effect
to such assignment, an Affiliate of a Lender or an Approved Fund.

          (ii) Assignments shall be subject to the following additional conditions:

     (A) except in the case of an assignment to a Lender or an Affiliate of a Lender
or an assignment of the entire remaining amount of the assigning Lender’s portion of
the Loans, the amount of the Loans 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) shall not be less than $5,000,000 unless
each of the Borrowers and the Agent otherwise consent, provided that no such
consent of the Borrowers shall be required if an Event of Default has occurred and
is continuing;

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     (B) 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;

     (C) the parties to each assignment shall execute and deliver to the Agent an
Assignment and Acceptance (which Assignment and Acceptance shall include an
acknowledgment by the Assignee party thereto that it has received a copy of and is
subject to the terms of the NRG Agreements and the Intercreditor Agreement),
together with a processing and recordation fee of $3,500; provided the same
shall not apply to any assignment between a Lender and one or more Affiliates of
such Lender or an Approved Fund; and

     (D) the assignee, if it shall not be a Lender, shall deliver to the Agent an
Administrative Questionnaire.

     For the purposes of this Section 9.05(b), the term “Approved Fund” has the following
meaning:

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

          (iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) of this
Section, from and after the effective date specified in each Assignment and Acceptance the assignee
thereunder shall be a party hereto 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
Sections 2.08, 2.10 and 9.04). Any assignment or transfer by a Lender of
rights or obligations under this Agreement that does not comply with this Section 9.05
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 (c) of this Section.

          (iv) The Agent, acting for this purpose as an agent of the Borrowers, shall maintain at one of
its offices a copy of each Assignment and Acceptance delivered to it and a register for the
recordation of the names and addresses of the Lenders, the principal amount of the Loans owing to
each Lender pursuant to the terms hereof from time to time (the “Register”). The entries
in the Register shall be conclusive, and the Borrowers, the 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 and any Lender, at any reasonable time and from time to
time upon reasonable prior notice.

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          (v) 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 and any written consent to such assignment required by paragraph (b) of this
Section, the Agent shall accept such Assignment and Acceptance and record the information contained
therein in the Register; provided that if either the assigning Lender or the assignee shall
have failed to make any payment required to be made by it pursuant to Section 2.11(d) or
9.04(c), the Agent shall have no obligation to accept such Assignment and Assumption and
record the information therein in the Register unless and until such payment shall have been made
in full, together with all accrued interest thereon. No assignment shall be effective for purposes
of this Agreement unless it has been recorded in the Register as provided in this paragraph.

     (c) (i) Any Lender may, without the consent of the Borrowers or the Agent, sell participations
to one or more banks or other entities (a “Participant”) in all or a portion of such
Lender’s rights and obligations under this Agreement (including all or a portion of the Loans owing
to it); provided that (A) such Lender’s obligations under this Agreement shall remain
unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations and (C) the Borrowers, 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 described in the
first proviso to Section 9.03(b) that affects such Participant. Subject to paragraph
(c)(ii) of this Section, the Obligated Parties agree that each Participant shall be entitled to the
benefits of Sections 2.08, 2.10, and 2.11(h) to the same extent as if it
were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this
Section. To the extent permitted by law, each Participant also shall be entitled to the benefits
of Section 9.09 as though it were a Lender, provided such Participant agrees to be subject
to Section 2.11(e) as though it were a Lender.

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

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

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SECTION 9.06 Survival. All covenants, agreements, representations and warranties made by the Obligated Parties herein
and in the certificates or other instruments delivered in connection with or pursuant to this
Agreement shall be considered to have been relied upon by the other parties hereto and shall
survive the execution and delivery of this Agreement and the making of the Loans regardless of any
investigation made by any such other party or on its behalf and notwithstanding that the Agent or
any Lender may have had notice or knowledge of any Default or incorrect representation or warranty
at the time any credit is extended hereunder, and shall continue in full force and effect as long
as the principal of or any accrued interest on any Loan or any fee or any other amount payable
under this Agreement is outstanding and unpaid. The provisions of Sections 2.08,
2.10, 2.11(h) and 9.04 and Article VIII shall survive and remain in
full force and effect regardless of the consummation of the transactions contemplated hereby, the
repayment of the Loans or the termination of this Agreement or any provision hereof.

SECTION 9.07 Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts
(and by different parties hereto on 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. Except as
provided in Section 4.01, 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.
Delivery of an executed counterpart of a signature page of this Agreement by telecopy shall be
effective as delivery of a manually executed counterpart of this Agreement.

SECTION 9.08 Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable
in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such
invalidity, illegality or unenforceability without affecting the validity, legality and
enforceability of the remaining provisions hereof; and the invalidity of a particular provision in
a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

SECTION
9.09 Right of Setoff. Each Lender and each of its Affiliates is hereby authorized at any time and
from time to time following the occurrence and during the continuance of an Event of Default, to
the fullest extent permitted by law, to set off and apply any and all deposits (general or special,
time or demand, provisional or final) at any time held and other obligations at any time owing by
such Lender or Affiliate to or for the credit or the account of the Obligated Parties against any
of and all the obligations of the Obligated Parties now or hereafter existing under this Agreement
held by such Lender, irrespective of whether or not such Lender shall have made any demand under
this Agreement and although such obligations may be unmatured. The rights of each Lender under
this Section are in addition to other rights and remedies (including other rights of setoff) which
such Lender may have.

SECTION 9.10 Governing Law; Jurisdiction; Consent to Service of Process.

     (a) This Agreement shall be construed in accordance with and governed by the law of the State
of New York, without giving effect to any conflict of law principles.

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     (b) The Obligated Parties hereby irrevocably and unconditionally submit, for themselves and
their property, to the nonexclusive jurisdiction of the Supreme Court of the State of New York
sitting in New York County and of the United States District Court of the Southern District of New
York, and any appellate court from any thereof, in any action or proceeding arising out of or
relating to this Agreement, or for recognition or enforcement of any judgment, and each of the
parties hereto hereby 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 or, to the extent permitted
by 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 shall affect any right
that the Agent, or any Lender may otherwise have to bring any action or proceeding relating to this
Agreement against the Obligated Parties or their properties in the courts of any jurisdiction.

     (c) The Obligated Parties hereby irrevocably and unconditionally waive, to the fullest extent
they may legally and effectively do so, any objection which they may now or hereafter have to the
laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in
any court referred to in paragraph (b) of this Section. Each of the parties hereto hereby
irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to
the maintenance of such action or proceeding in any such court.

     (d) Each party to this Agreement irrevocably consents to service of process in the manner
provided for notices in Section 9.02. Nothing in this Agreement will affect the right of
any party to this Agreement to serve process in any other manner permitted by law.

SECTION 9.11 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY 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 TRANSACTIONS CONTEMPLATED HEREBY
(WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT
SUCH OTHER PARTY 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 BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

SECTION 9.12 Headings. Article and Section headings and the Table of Contents used herein are for
convenience of reference only, are not part of this Agreement and shall not affect the construction
of, or be taken into consideration in interpreting, this Agreement.

SECTION 9.13 Confidentiality. Each of the Agent, the Security Trustee and the Lenders agrees to
maintain the confidentiality of the Information (as defined below), except that Information may be
disclosed (a) to its and its Affiliates’ directors, officers, employees and agents, including
accountants, legal counsel and other advisors (it being understood that the persons to whom such
disclosure is made will be informed of the confidential nature of such Information and instructed
to keep such Information confidential), (b) to the extent requested by any regulatory authority,
(c) to

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the extent required by applicable laws or regulations or by any subpoena or similar legal
process, (d) to any other party to this Agreement, (e) in connection with the exercise of any
remedies hereunder or any suit, action or proceeding relating to this Agreement or the enforcement
of rights hereunder, (f) subject to an agreement containing provisions substantially the same as
those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or
Participant in, any of its rights or obligations under this Agreement or (ii) any actual or
prospective counterparty (or its advisors) to any swap or derivative transaction relating to the
Obligated Parties and their obligations, (g) with the consent of the Borrowers or (h) to the extent
such Information (i) becomes publicly available other than as a result of a breach of this Section
or (ii) becomes available to the Agent or any Lender on a nonconfidential basis from a source other
than the Obligated Parties. For the purposes of this Section, “Information” means all information
received from the Obligated Parties relating to the Obligated Parties or their business, other than
any such information that is available to the Agent or any Lender on a nonconfidential basis prior
to disclosure by the Obligated Parties; provided that, in the case of information received
from the Obligated Parties after the date hereof, such information is clearly identified at the
time of delivery as confidential. Any person required to maintain the confidentiality of
Information as provided in this Section shall be considered to have complied with its obligation to
do so if such person has exercised the same degree of care to maintain the confidentiality of such
Information as such person would accord to its own confidential information.

SECTION 9.14 Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at any time
the interest rate applicable to Loans, together with all fees, charges and other amounts which are
treated as interest on such Loans under applicable law (collectively the “Charges”), shall
exceed the maximum lawful rate (the “Maximum Rate”) which may be contracted for, charged,
taken, received or reserved by the Lender holding such Loan in accordance with applicable law, the
rate of interest payable in respect of such Loan hereunder, together with all Charges payable in
respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and
Charges that would have been payable in respect of such Loan but were not payable as a result of
the operation of this Section shall be cumulated and the interest and Charges payable to such
Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate
therefor) until such cumulated amount, together with interest thereon at the Federal Funds
Effective Rate to the date of repayment, shall have been received by such Lender.

SECTION 9.15 USA PATRIOT ACT. Each Lender that is subject to the requirements of the USA Patriot Act
(Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”) hereby
notifies the Obligated Parties that pursuant to the requirements of the Act, it is required to
obtain, verify and record information that identifies the
Obligated Parties, which information includes the name and address of the Obligated Parties and
other information that will allow such Lender to identify the Obligated Parties in accordance with
the Act. Each Obligated Party shall provide all such information to the Lenders and all such
information so provided shall be true and correct in all respects.

SECTION 9.16 Limitation of Liability. NO CLAIM MAY BE MADE BY ANY OBLIGATED PARTY, THE AGENT, ANY OTHER
CREDIT PROVIDER, OR ANY OTHER PERSON AGAINST ANY OBLIGATED PARTY, THE AGENT, ANY OTHER CREDIT
PROVIDER, OR ANY AFFILIATE, DIRECTOR, OFFICER, EMPLOYEE, COUNSEL, REPRESENTATIVE, AGENT, OR
ATTORNEY-IN-FACT OF ANY OF THEM FOR ANY SPECIAL, INDIRECT, CONSEQUENTIAL, OR PUNITIVE DAMAGES IN
RESPECT OF ANY

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CLAIM FOR BREACH OF CONTRACT OR ANY OTHER THEORY OF LIABILITY ARISING OUT OF OR
RELATED TO THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR ANY ACT,
OMISSION, OR EVENT OCCURRING IN CONNECTION THEREWITH, AND EACH OBLIGATED PARTY, THE AGENT, AND EACH
OTHER CREDIT PROVIDER HEREBY WAIVES, RELEASES, AND AGREES NOT TO SUE UPON ANY CLAIM FOR SUCH
DAMAGES, WHETHER OR NOT ACCRUED AND WHETHER OR NOT KNOWN OR SUSPECTED TO EXIST IN ITS FAVOR.

SECTION 9.17 Final Agreement. This Agreement and the other Loan Documents are intended by the Obligated
Parties, the Agent, the Security Trustee and the Lenders to be the final, complete, and exclusive
expression of the agreement between them. This Agreement and the other Loan Documents supersede
any and all prior oral or written agreements relating to the subject matter hereof and thereof. No
modification, rescission, waiver, release, or amendment of any provision of this Agreement or any
other Loan Document shall be made, except by a written agreement signed by a Responsible Officer of
each of (a) the Obligated Parties, (b) the Agent, and (c) the Majority Lenders, the Required
Lenders, or all of the Lenders, to the extent required under the terms of this Agreement.

SECTION 9.18 Joint and Several Liability. All Loans, upon funding, shall be deemed to be jointly funded
to and received by the Borrowers. Each Borrower jointly and severally agrees to pay, and shall be
jointly and severally liable under this Agreement for, all Obligations, regardless of the manner or
amount in which proceeds of Loans are used, allocated, shared, or disbursed by or among the
Borrowers themselves, or the manner in which the Agent and/or any Lender accounts for such Loans or
other extensions of credit on its books and records. Each Borrower shall be liable for all amounts
due to the Agent and/or any Lender under this Agreement, regardless of which Borrower actually
receives Loans or other extensions of credit hereunder or the amount of such Loans and extensions
of credit received or the manner in which the Agent and/or such Lender accounts for such Loans or
other extensions of credit on its books and records. Each Borrower’s Obligations with respect to
Loans and other extensions of credit made to it, and such Borrower’s Obligations arising as a
result of the joint and several liability of such Borrower hereunder, with respect to Loans made to
the other Borrowers hereunder, shall be separate and distinct obligations, but all such Obligations
shall be primary obligations of such Borrower. The
Borrowers acknowledge and expressly agree with the Agent and each Lender that the joint and several
liability of each Borrower is required solely as a condition to, and is given solely as inducement
for and in consideration of, credit or accommodations extended or to be extended under the Loan
Documents to any or all of the other Borrowers and is not required or given as a condition of
extensions of credit to such Borrower. Each Borrower’s obligations under this Agreement and as an
obligor under a Guaranty Agreement shall be separate and distinct obligations. Each Borrower’s
obligations under this Agreement shall, to the fullest extent permitted by law, be unconditional
irrespective of (a) the validity or enforceability, avoidance, or subordination of the Obligations
of any other Borrower or of any promissory note or other document evidencing all or any part of the
Obligations of any other Borrower, (b) the absence of any attempt to collect the Obligations from
any other Borrower, any Guarantor, or any other security therefor, or the absence of any other
action to enforce the same, (c) the waiver, consent, extension, forbearance, or granting of any
indulgence by the Agent and/or any Lender with respect to any provision of any instrument
evidencing the Obligations of any other Borrower or Guarantor, or any part thereof, or any other
agreement now or hereafter executed by any other Borrower or Guarantor and delivered to the Agent
and/or any Lender, (d) the failure by the Agent and/or any

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Lender to take any steps to perfect and
maintain its security interest in, or to preserve its rights to, any security or collateral for the
Obligations of any other Borrower or Guarantor, (e) the Agent’s and/or any Lender’s election, in
any proceeding instituted under the Bankruptcy Code, or the application of Section 1111(b)(2) of
the Bankruptcy Code, (f) any borrowing or grant of a security interest by any other Borrower, as
debtor-in-possession under Section 364 of the Bankruptcy Code, (g) the disallowance of all or any
portion of the Agent’s and/or any Lender’s claim(s) for the repayment of the Obligations of any
other Borrower under Section 502 of the Bankruptcy Code, or (h) any other circumstances that might
constitute a legal or equitable discharge or defense of a Guarantor or of any other Borrower. With
respect to any Borrower’s
 Obligations arising as a result of the joint and several liability of the
Borrowers hereunder with respect to Loans or other extensions of credit made to any of the other
Borrowers hereunder, such Borrower waives, until the Obligations shall have been paid in full and
this Agreement shall have been terminated, any right to enforce any right of subrogation or any
remedy that the Agent and/or any Lender now has or may hereafter have against any other Borrower,
any endorser or any Guarantor of all or any part of the Obligations, and any benefit of, and any
right to participate in, any security or collateral given to the Agent and/or any Lender to secure
payment of the Obligations or any other liability of any Borrower to the Agent and/or any Lender.
Upon any Event of Default, the Agent may proceed directly and at once, without notice, against any
Borrower to collect and recover the full amount, or any portion of the Obligations, without first
proceeding against any other Borrower or any other Person, or against any security or collateral
for the Obligations. Each Borrower consents and agrees that the Agent shall be under no obligation
to marshal any assets in favor of any Borrower or against or in payment of any or all of the
Obligations.

SECTION 9.19 Contribution and Indemnification among the Borrowers. Each Borrower is obligated to repay
the Obligations as a joint and several obligor under this Agreement. To the extent that any
Borrower shall, as a joint and several obligor under this Agreement, repay any of the Obligations
constituting Loans made to another Borrower hereunder or other Obligations incurred directly and
primarily by any other Borrower and to the extent any other Borrower makes any transfer (including
any payment, grant, guaranty, or granting of a Lien) pursuant to this Agreement (any such payment
or transfer being referred to herein as an “Accommodation Payment”), then the Borrower
making such Accommodation Payment shall be
entitled to contribution and indemnification from, and be reimbursed by, each of the other
Borrowers in an amount, for each of such other Borrowers, equal to a fraction of such Accommodation
Payment, the numerator of which fraction is such other Borrower’s Allocable Amount and the
denominator of which is the sum of the Allocable Amounts of all of the Borrowers. As of any date
of determination, the “Allocable Amount” of each Borrower shall be equal to the maximum amount of
liability for Accommodation Payments that could be asserted against such Borrower hereunder without
(a) rendering such Borrower “insolvent” within the meaning of Section 101 (32) of the Bankruptcy
Code, Section 2 of the Uniform Fraudulent Transfer Act (“UFTA”) or Section 2 of the Uniform
Fraudulent Conveyance Act (“UFCA”), (b) leaving such Borrower with unreasonably small
capital or assets, within the meaning of Section 548 of the Bankruptcy Code, Section 4 of the UFTA,
or Section 5 of the UFCA, or (c) leaving such Borrower unable to pay its debts as they become due
within the meaning of Section 548 of the Bankruptcy Code or Section 4 of the UFTA, or Section 5 of
the UFCA. All rights and claims of contribution, indemnification, and reimbursement under this
Section shall be subordinate in right of payment to the prior payment in full of the Obligations.
The provisions of this Section shall, to the extent expressly inconsistent with any provision in
any Loan Document, supersede such inconsistent provision.

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SECTION 9.20 Agency of ACL for the Obligated Parties. Each of the Obligated Parties irrevocably
appoints ACL as its agent for all purposes relevant to this Agreement, including the giving and
receipt of notices and execution and delivery of all documents, instruments, and certificates
contemplated herein (including execution and delivery to the Agent of Borrowing Base Certificates)
and all modifications hereto. Any acknowledgment, consent, direction, certification, or other
action that might otherwise be valid or effective only if given or taken by the Obligated Parties
or acting singly, shall be valid and effective if given or taken by ACL and the Agent and the
Lenders shall have no duty or obligation to make further inquiry with respect to the authority of
ACL under this Section 9.20, provided that nothing in this Section 9.20
shall limit the effectiveness of, or the right of the Agent and the Lenders to rely upon, any
notice, document, instrument, certificate, acknowledgment, consent, direction, certification, or
other action delivered by ACL pursuant to this Agreement.

SECTION 9.21 Additional Borrowers and Guarantors. The addition of any Person as a Borrower or a
Guarantor to this Agreement is subject to approval of the Agent and the Majority Lenders and is
subject to compliance by such Person with the requirements of Section 5.11, and may be
conditioned upon such requirements as they may determine in their discretion, including (a) the
furnishing of such financial and other information as the Agent or any such Lender, as applicable,
may request, (b) approval by all appropriate approval authorities of the Agent and each such
Lender, as applicable, and (c) execution and delivery by the Obligated Parties, such Person, the
Agent, and the Majority Lenders of such agreements and other documentation (including an amendment
to this Agreement or any other Loan Document), and the furnishing by such Person or any of the
Obligated Parties of such certificates, opinions, and other documentation, as the Agent and any
such Lender may request. Neither the Agent nor any Lender shall have any obligation to approve any
such Person for addition as a party to this Agreement.

SECTION 9.22 Express Waivers By Obligated Parties In Respect of Cross Guaranties and Cross
Collateralization. Each Obligated Party agrees as follows.

     (a) Each Obligated Party hereby waives: (i) notice of acceptance of this Agreement; (ii)
notice of the making of any Loans, the issuance of any Letter of Credit, or any other financial
accommodations made or extended under the Loan Documents or the creation or existence of any
Obligations; (iii) notice of the amount of the Obligations, subject, however, to such Obligated
Party’s right to make inquiry of the Agent to ascertain the amount of the Obligations at any
reasonable time; (iv) notice of any adverse change in the financial condition of any other
Obligated Party or of any other fact that might increase such Obligated Party’s risk with respect
to such other Obligated Party under the Loan Documents; (v) notice of presentment for payment,
demand, protest, and notice thereof as to any promissory notes or other instruments among the Loan
Documents; and (vi) all other notices (except if such notice is specifically required to be given
to such Obligated Party hereunder or under any of the other Loan Documents to which such Obligated
Party is a party) and demands to which such Obligated Party might otherwise be entitled.

     (b) Each Obligated Party hereby waives the right by statute or otherwise to require any Credit
Provider to institute suit against any other Obligated Party or to exhaust any rights and remedies
that any Credit Provider has or may have against any other Obligated Party. Each Obligated Party
further waives any defense arising by reason of any disability or other defense of any other
Obligated Party (other than the defense that the Obligations shall have been fully and

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finally
performed and indefeasibly paid) or by reason of the cessation from any cause whatsoever of the
liability of any such Obligated Party in respect thereof.

     (c) Each Obligated Party hereby waives and agrees not to assert against any Credit Provider:
(i) any defense (legal or equitable), setoff, counterclaim, or claim that such Obligated Party may
now or at any time hereafter have against any other Obligated Party or any other party liable under
the Loan Documents; (ii) any defense, setoff, counterclaim, or claim of any kind or nature
available to any other Obligated Party against any Credit Provider, arising directly or indirectly
from the present or future lack of perfection, sufficiency, validity, or enforceability of the
Obligations or any security therefor; (iii) any right or defense arising by reason of any claim or
defense based upon an election of remedies by any Credit Provider under any Requirement of Law;
(iv) the benefit of any statute of limitations affecting any other Obligated Party’s liability
hereunder.

     (d) Each Obligated Party consents and agrees that, without notice to or by such Obligated
Party and without affecting or impairing the obligations of such Obligated Party hereunder, the
Agent may (subject to any requirement for consent of any of the Lenders to the extent required by
this Agreement), by action or inaction: (i) compromise, settle, extend the duration or the time for
the payment of, or discharge the performance of, or may refuse to or otherwise not enforce the Loan
Documents; (ii) release all or any one or more parties to any one or more of the Loan Documents or
grant other indulgences to any other Obligated Party in respect thereof; (iii) amend or modify in
any manner and at any time (or from time to time) any of the Loan Documents; or (iv) release or
substitute any Person liable for payment of the Obligations, or enforce, exchange, release, or
waive any security for the Obligations or any Guaranty of the Obligations.

     (e) Each Obligated Party represents and warrants that such Obligated Party is currently
informed of the financial condition of the other Obligated Parties and all other circumstances that
a diligent inquiry would reveal and that bear upon the risk of nonpayment of the Obligations. Each
Obligated Party further represents and warrants that such Obligated Party has read and
understands the terms and conditions of the Loan Documents. Each Obligated Party agrees that no
Credit Provider has any responsibility to inform any Obligated Party of the financial condition of
the other Obligated Party or of any other circumstances that bear upon the risk of nonpayment or
nonperformance of the Obligations.

ARTICLE X

TERM AND TERMINATION

SECTION 10.01 Term. The term of this Agreement shall end on the Stated Termination Date unless sooner
terminated in accordance with the terms hereof. The Agent may, and upon direction from the
Required Lenders shall, terminate this Agreement, without notice to the Borrowers, during the
existence of an Event of Default. Upon the Termination Date, all Obligations due and payable under
the Loan Documents (including all unpaid principal, accrued and unpaid interest, and any early
termination or prepayment fees, but excluding indemnification obligations to the extent no claim
with respect thereto has been asserted and remains unsatisfied) shall become immediately due and
payable, the Lenders shall have no obligation to make any Loans, the Agent shall have no obligation
to cause the Letter of Credit Issuer to issue any Letter of Credit, and the applicable Borrower
shall immediately arrange for the cancellation and return of all Letters of Credit then

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outstanding
or for the delivery to the Agent of a Supporting Cash Deposit or a Supporting Letter of Credit in
accordance with Section 2.03(g). Notwithstanding the termination of this Agreement, until
all non-contingent Obligations due and payable under the Loan Documents are indefeasibly paid and
performed in full, the Obligated Parties shall remain bound by the terms of this Agreement and/or
the other Loan Documents to which they are a party, respectively, and shall not be relieved of any
of their Obligations hereunder or thereunder, and the Agent and the Lenders shall retain all their
rights and remedies hereunder and thereunder (including the Agent’s Liens in and all rights and
remedies with respect to all then existing and after-acquired or after-arising Collateral).

SECTION 10.02 Effect of Termination. Upon the payment in full of the non-contingent Obligations due and
payable under the Loan Documents, the Agent shall terminate its Liens in all of the Collateral
unless, with respect to any loss or damage the Agent may incur as a result of the dishonor or
return of any payment items applied to the Obligations, the Agent shall not have received either
(a) a written agreement, executed by the Borrowers and any other Person deemed financially
responsible by the Agent and whose loans or other advances to the Borrowers are used in whole or in
part to satisfy the Obligations, indemnifying the Agent and the other Credit Providers from any
such loss or damage or (b) such monetary reserves and Liens on the Collateral for such period of
time as the Agent, in its reasonable credit judgment, may deem necessary to protect the Agent and
the Lenders from any such loss or damage. The provisions of Sections 2.03(f),
2.04, 2.08, 2.09, 2.10, 2.11(e), 8.07,
9.04(a), 9.04(b), 9.16, 9.19 and this Section 10.02, and
all indemnification obligations of the Borrowers shall in all events survive any termination of the
Commitments or this Agreement.

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     IN WITNESS WHEREOF, the parties have entered into this Agreement on the date first above
written.

	 	 	 	 	 
	 	BORROWERS:

COMMERCIAL BARGE LINE COMPANY

AMERICAN COMMERCIAL LINES LLC

ACL TRANSPORTATION SERVICES LLC

JEFFBOAT LLC

 	 
	 	By:  	/s/ Dawn R. Landry
 	 
	 	 	Name:  	Dawn R. Landry 	 
	 	 	Title:  	Vice President and Secretary      , of each 	 
	 
	 	GUARANTOR:

AMERICAN COMMERCIAL LINES, INC.

 	 
	 	By:  	/s/ Dawn R. Landry
 	 
	 	 	Name:  	Dawn R. Landry 	 
	 	 	Title:  	Senior Vice President, General Counsel and Corporate Secretary 	 
	 

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	 	ADMINISTRATIVE AGENT, COLLATERAL AGENT AND SECURITY TRUSTEE:

BANK OF AMERICA, N. A.

 	 
	 	By:  	/s/ Steven Blumberg
 	 
	 	 	Name:  	Steven Blumberg 	 
	 	 	Title:  	Vice President 	 
	 

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	 	LENDER:

BANK OF AMERICA, N.A.

 	 
	 	By:  	/s/ Steven Blumberg
 	 
	 	 	Name:  	Steven Blumberg 	 
	 	 	Title:  	Vice President 	 
	 

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	 	LENDER:

WELLS FARGO FOOTHILL, LLC

 	 
	 	By:  	/s/ Sanat Amladi
 	 
	 	 	Name:  	Sanat Amladi 	 
	 	 	Title:  	Vice President 	 
	 

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	 	LENDER:

UBS LOAN FINANCE LLC

 	 
	 	By:  	/s/ Irja S. Otsa
 	 
	 	 	Name:  	Irja S. Otsa 	 
	 	 	Title:  	Associate Director 	 
	 
	 	 	 
	 	By:  	                         /s/ Mary E. Evans
 	 
	 	 	Name:  	Mary E. Evans 	 
	 	 	Title:  	Associate Director 	 
	 

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	 	LENDER:

SUNTRUST BANK

 	 
	 	By:  	/s/ J. Haynes Gentry, III
 	 
	 	 	Name:  	J. Haynes Gentry, III 	 
	 	 	Title:  	Vice President 	 
	 

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	 	LENDER:

RBS BUSINESS CAPITAL, A DIVISION OF RBS ASSET
FINANCE, INC., A SUBSIDIARY OF RBS CITIZENS, NA

 	 
	 	By:  	/s/ James B. Mascott
 	 
	 	 	Name:  	James B. Mascott 	 
	 	 	Title:  	Senior Vice President 	 
	 

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	 	LENDER:

PNC BANK

 	 
	 	By:  	/s/ Joseph Peterson
 	 
	 	 	Name:  	Joseph Peterson 	 
	 	 	Title:  	Vice President 	 
	 

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	 	LENDER:

FIFTH THIRD BANK

 	 
	 	By:  	/s/ David O’Neal
 	 
	 	 	Name:  	David O’Neal 	 
	 	 	Title:  	Vice President 	 
	 

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SCHEDULE 1.01(A)

COMMITMENTS

	 	 	 	 	 	 	 
	BANK OF AMERICA, N.A.
	 	Commitment Amount	 	$	75,000,000	 
	 
	 	Commitment Percentage	 	 	19.2308	%
	 
	WELLS FARGO
FOOTHILL, LLC
	 	Commitment Amount	 	$	75,000,000	 
	 
	 	Commitment Percentage	 	 	19.2308	%
	 
	UBS LOAN FINANCE LLC
	 	Commitment Amount	 	$	75,000,000	 
	 
	 	Commitment Percentage	 	 	19.2308	%
	 
	SUNTRUST BANK
	 	Commitment Amount	 	$	75,000,000	 
	 
	 	Commitment Percentage	 	 	19.2308	%
	 
	RBS BUSINESS CAPITAL,
A DIVISION OF RBS
ASSET FINANCE, INC.
A SUBSIDIARY OF
RBS CITIZENS, NA
	 	Commitment Amount	 	$	50,000,000	 
	 
	 	Commitment Percentage	 	 	12.8205	%
	 
	PNC BANK,
NATIONAL ASSOCIATION
	 	Commitment Amount	 	$	25,000,000	 
	 
	 	Commitment Percentage	 	 	6.4103	%
	 
	FIFTH THIRD BANK
	 	Commitment Amount	 	$	15,000,000	 
	 
	 	Commitment Percentage	 	 	3.8462	%

 

EXHIBIT A

ASSIGNMENT AND ACCEPTANCE AGREEMENT

     ASSIGNMENT AND ACCEPTANCE AGREEMENT, dated as of           , 200   among
                                                             (the “Transferor Lender”),                
                          (“Purchasing
Lender”), and BANK OF AMERICA, N.A., as administrative agent and collateral agent for the Lenders
under the Loan Agreement described below (in such capacity, the “Agent”).

WITNESSETH:

     WHEREAS, this Assignment and Acceptance Agreement is being executed and delivered in
accordance with Section 9.05 of the Loan Agreement dated as of July 7, 2009 among the lending
institutions from time to time party thereto (such financial institutions, together with their
respective successors and assigns, are referred to hereinafter each individually as a “Lender” and
collectively as the “Lenders”), Bank of America, N.A., as administrative agent and collateral
agent for the Lenders (in its capacity as administrative agent and collateral agent, the “Agent”)
and as security trustee (in such capacity, the “Security Trustee”), Banc of America Securities LLC,
Wachovia Capital Markets, LLC, UBS Securities LLC and Suntrust Robinson Humphrey, Inc., as joint
lead arrangers for the Lenders (in their respective capacities as joint lead arrangers, the “Joint
Lead Arrangers”), Banc Of America Securities LLC, Wachovia Capital Markets, LLC, UBS Securities LLC
and Suntrust Robinson Humphrey, Inc., as joint book runners for the Lenders (in their respective
capacities as joint book runners, the “Joint Book Runners”), Wells Fargo Foothill, LLC, as
syndication agent for the Lenders (in its capacity as syndication agent, the “Syndication Agent”),
UBS Securities LLC, Suntrust Bank and RBS Business Capital, a division of RBS Asset Finance, Inc.,
a subsidiary of RBS Citizens, NA, as co-documentation agents for the Lenders (in their respective
capacities as co-documentation agents, the “Co-Documentation Agents”), Commercial Barge Line
Company, a Delaware corporation (“CBL”), American Commercial Lines LLC, a Delaware limited
liability company (“ACL”), ACL Transportation Services LLC, a Delaware limited liability company
(“ACLTS”) and Jeffboat LLC, a Delaware limited liability company (“ Jeffboat”; and together with
CBL, ACL and ACLTS, each, individually a “Borrower” and collectively, the “Borrowers”), and each of
the other Obligated Parties (as defined therein) signatory thereto (as from time to time amended,
restated, renewed, extended, replaced, substituted, supplemented or otherwise modified in
accordance with the terms thereof, the “Loan Agreement”);

     WHEREAS, Purchasing Lender wishes to become a Lender party to the Loan Agreement; and

     WHEREAS, the Transferor Lender is selling and assigning to Purchasing Lender rights,
obligations and commitments under the Loan Agreement;

     NOW, THEREFORE, the parties hereto hereby agree as follows:

     1. All capitalized terms used herein which are not defined shall have the meanings

 

 

given to them in the Loan Agreement.

     2. Upon receipt by the Agent of four counterparts of this Assignment and Acceptance Agreement
to each of which is attached a fully completed Schedule I, and each of which has been executed by
the Transferor Lender and Agent, Agent will transmit to Transferor Lender and Purchasing Lender a
Transfer Effective Notice, substantially in the form of Schedule II to this Assignment and
Acceptance Agreement (a “Transfer Effective Notice”). Such Transfer Effective Notice shall set
forth, inter alia, the date on which the transfer affected by this Assignment and Acceptance
Agreement shall become effective (the “Transfer Effective Date”) which date shall not be earlier
than the first (1st) Business Day following the date such Transfer Effective Notice is received.
From and after the Transfer Effective Date, Purchasing Lender shall be a Lender party to the Loan
Agreement for all purposes thereof.

     3. At or before 12:00 Noon (Chicago, Illinois time) on the Transfer Effective Date, Purchasing
Lender shall pay to Transferor Lender, in immediately available funds, an amount equal to the
purchase price, as agreed between Transferor Lender and such Purchasing Lender (the “Purchase
Price”), of the portion being purchased by such Purchasing Lender (such Purchasing Lender’s
“Purchased Percentage”) of the outstanding Loans and other amounts owing to the Transferor Lender
under the Loan Agreement. Effective upon receipt by Transferor Lender of the Purchase Price from a
Purchasing Lender, Transferor Lender hereby irrevocably sells, assigns and transfers to such
Purchasing Lender, without recourse, representation or warranty, and Purchasing Lender hereby
irrevocably purchases, takes and assumes from Transferor Lender, such Purchasing Lender’s Purchased
Percentage of the Advances and other amounts owing to the Transferor Lender under the Loan
Agreement together with all instruments, documents and collateral security pertaining thereto.

     4. Transferor Lender has made arrangements with Purchasing Lender with respect to (a) the
portion, if any, to be paid, and the date or dates for payment, by Transferor Lender to such
Purchasing Lender of any fees heretofore received by Transferor Lender pursuant to the Loan
Agreement prior to the Transfer Effective Date and (b) the portion, if any, to be paid, and the
date or dates for payment, by such Purchasing Lender to Transferor Lender of fees or interest
received by such Purchasing Lender pursuant to the Loan Agreement from and after the Transfer
Effective Date.

     5. (a) All principal payments that would otherwise be payable from and after the Transfer
Effective Date to or for the account of Transferor Lender pursuant to the Loan Agreement shall,
instead, be payable to or for the account of Transferor Lender and Purchasing Lender, as the case
may be, in accordance with their respective interests as reflected in this Assignment and
Acceptance Agreement.

          (b) All interest, fees and other amounts that would otherwise accrue for the account of
Transferor Lender from and after the Transfer Effective Date pursuant to the Loan Agreement shall,
instead, accrue for the account of, and be payable to, Transferor Lender and Purchasing Lender, as
the case may be, in accordance with their respective interests as reflected in this Assignment and
Acceptance Agreement. In the event that any amount of interest, fees or other amounts accruing
prior to the Transfer Effective Date was included in the Purchase Price paid by any Purchasing
Lender, Transferor Lender and Purchasing Lender will make appropriate

2

 

arrangements for payment by Transferor Lender to such Purchasing Lender of such amount upon
receipt thereof from Borrowers.

     6. Concurrently with the execution and delivery hereof, Transferor Lender will provide to
Purchasing Lender conformed copies of the Loan Agreement and all related documents delivered to
Transferor Lender.

     7. Each of the parties to this Assignment and Acceptance Agreement agrees that at any time and
from time to time upon the written request of any other party, it will execute and deliver such
further documents and do such further acts and things as such other party may reasonably request in
order to effect the purposes of this Assignment and Acceptance Agreement.

     8. By executing and delivering this Assignment and Acceptance Agreement, Transferor Lender and
Purchasing Lender confirm to and agree with each other and Agent and Lenders as follows: (a) other
than the representation and warranty that it is the legal and beneficial owner of the interest
being assigned hereby free and clear of any adverse claim, Transferor Lender makes no
representation or warranty and assumes no responsibility with respect to any statements, warranties
or representations made in or in connection with the Loan Agreement or the execution, legality,
validity, enforceability, genuineness, sufficiency or value of the Loan Agreement or any other
instrument or document furnished pursuant thereto; (b) Transferor Lender makes no representation or
warranty and assumes no responsibility with respect to the financial condition of Borrowers or the
performance or observance by Borrowers of any of its obligations under the Loan Agreement or any
other instrument or document furnished pursuant hereto; (c) Purchasing Lender confirms that it has
received a copy of the Loan Agreement, together with copies of such financial statements and such
other documents and information as it has deemed appropriate to make its own credit analysis and
decision to enter into this Assignment and Acceptance Agreement; (d) Purchasing Lender will,
independently and without reliance upon Agent, Transferor Lender or any other Lenders and based on
such documents and information as it shall deem appropriate at the time, continue to make its own
credit decisions in taking or not taking action under the Loan Agreement; (e) Purchasing Lender
appoints and authorizes Agent to take such action as agent on its behalf and to exercise such
powers under the Loan Agreement as are delegated to the Agent by the terms thereof; (f) Purchasing
Lender agrees that it will perform all of its respective obligations as set forth in the Loan
Agreement to be performed by it as a Lender; and (g) Purchasing Lender represents and warrants to
Transferor Lender, Lenders, Agent, and Borrowers that it is either (i)entitled to the benefits of
an income tax treaty with the United States of America that provides for an exemption from the
United States withholding tax on interest and other payments made by Borrowers under the Loan
Agreement and the Other Documents or (ii) is engaged in trade or business within the United States
of America.

     9. Schedule I hereto sets forth the revised Commitment of Transferor Lender and the Commitment
of Purchasing Lender as well as administrative information with respect to Purchasing Lender.

     10. This Assignment and Acceptance Agreement shall be governed by, and construed in accordance
with, the laws of the State of New York.

3

 

[SIGNATURE PAGE FOLLOWS]

4

 

     IN WITNESS WHEREOF, the parties hereto have caused this Assignment and Acceptance Agreement to
be executed by their respective duly authorized officers on the date set forth above.

	 	 	 	 	 
	 	as Transferor Lender

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 
	 	as a Purchasing Lender

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	BANK OF AMERICA, N.A., as Agent

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	[CONSENTED TO BY:

AMERICAN COMMERCIAL LINES LLC,

as agent for the Borrowers

 	 	 
	By:  	 	 	 
	 	Name:  	 	 	 
	 	Title:  	 	]1 	 
	 

 

			
	1	 	Include only if required pursuant to the terms of the
Loan Agreement.

5

 

SCHEDULE I TO ASSIGNMENT AND ACCEPTANCE AGREEMENT

LIST OF OFFICES, ADDRESSES FOR NOTICES AND COMMITMENT AMOUNTS

	 	 	 	 	 	 	 
	[Transferor Lender]
	 	Revised Commitment Amount	 	$	 	 
	 
	[Purchasing Lender]
	 	Commitment Amount	 	$	 	 

Addresses for Notices

Attention:

Telephone:

Telecopier:

6

 

SCHEDULE II TO ASSIGNMENT AND ACCEPTANCE AGREEMENT

[Form of Transfer Effective Notice]

To:      
             
              
        , as Transferor Lender and      
                 
               
   , as Purchasing Lender:

     The undersigned, as Agent under the Loan Agreement dated as of July 7, 2009 among the lending
institutions from time to time party thereto (such financial institutions, together with their
respective successors and assigns, are referred to hereinafter each individually as a “Lender” and
collectively as the “Lenders”), Bank of America, N.A., as administrative agent and collateral
agent for the Lenders (in its capacity as administrative agent and collateral agent, the “Agent”)
and as security trustee (in such capacity, the “Security Trustee”), Banc of America Securities LLC,
Wachovia Capital Markets, LLC, UBS Securities LLC and Suntrust Robinson Humphrey, Inc., as joint
lead arrangers for the Lenders (in their respective capacities as joint lead arrangers, the “Joint
Lead Arrangers”), Banc Of America Securities LLC, Wachovia Capital Markets, LLC, UBS Securities LLC
and Suntrust Robinson Humphrey, Inc., as joint book runners for the Lenders (in their respective
capacities as joint book runners, the “Joint Book Runners”), Wells Fargo Foothill, LLC, as
syndication agent for the Lenders (in its capacity as syndication agent, the “Syndication Agent”),
UBS Securities LLC, Suntrust Bank and RBS Business Capital, a division of RBS Asset Finance, Inc.,
a subsidiary of RBS Citizens, NA, as co-documentation agents for the Lenders (in their respective
capacities as co-documentation agents, the “Co-Documentation Agents”), Commercial Barge Line
Company, a Delaware corporation (“CBL”), American Commercial Lines LLC, a Delaware limited
liability company (“ACL”), ACL Transportation Services LLC, a Delaware limited liability company
(“ACLTS”) and Jeffboat LLC, a Delaware limited liability company (“ Jeffboat”; and together with
CBL, ACL and ACLTS, each, individually a “Borrower” and collectively, the “Borrowers”), and each of
the other Obligated Parties (as defined therein) signatory thereto (as from time to time amended,
restated, renewed, extended, replaced, substituted, supplemented or otherwise modified in
accordance with the terms thereof, the “Loan Agreement”) acknowledges receipt of four (4) executed
counterparts of a completed Assignment and Acceptance Agreement in the form attached hereto.
[Note: Attach copy of Assignment and Acceptance Agreement] Terms defined in such Assignment and
Acceptance Agreement are used herein as therein defined.

     Pursuant to such Assignment and Acceptance Agreement, you are advised that the Transfer
Effective Date will be [Insert date of Transfer Effective Notice.]

	 	 	 	 	 
	 	BANK OF AMERICA, N.A.,

as Agent

 	 
	 	By:  	 	 
	 	 	Title: 	 	 
	 	 	 	 
	 

ACCEPTED FOR RECORDATION

IN REGISTER:

7

 

July 7, 2009

Those Institutions Listed on

  Schedule 1 Attached Hereto

	 	Re:  	Loans to American Commercial Lines LLC, ACL Transportation
Services LLC, Commercial Barge Line Company, and Jeffboat LLC

Ladies and Gentlemen:

          We have acted as counsel to American Commercial Lines LLC, a Delaware limited liability
company (“ACL”), ACL Transportation Services LLC, a Delaware limited liability company
(“ACLTS”), Commercial Barge Line Company, a Delaware corporation (“CBLC”), Jeffboat
LLC, a Delaware limited liability company (“Jeffboat”; and together with ACL, ACLTS and
CBLC, collectively, the “Borrowers”) and American Commercial Lines Inc., a Delaware
corporation (“Holdings”) in connection with the Loan Agreement of even date herewith (the
“Loan Agreement”) among the Borrowers, Holdings, as guarantor, the lenders party thereto
(the “Lenders”) and Bank of America, N.A., as administrative agent and collateral agent (in
such capacities, the “Agent”) and security trustee, and the transactions contemplated
thereby. This opinion letter is furnished to you at the request of the Borrowers pursuant to
Section 4.01(e) of the Loan Agreement. Capitalized terms not otherwise defined herein have
the meanings specified in the Loan Agreement. Non-capitalized terms used in, or in connection
with, the opinions given in Paragraphs 7 and 8 hereof are used as defined in the
Uniform Commercial Code as enacted in the State of New York (the “New York UCC”), to the
extent that they are defined therein.

          In connection with this opinion letter, we have examined originals, or copies certified or
otherwise identified to our satisfaction, of the following:

     (i) the Loan Agreement;

     (ii) the Revolving Loan Notes of even date herewith executed by the Borrowers pursuant
to the Loan Agreement;

     (iii) the Security Agreement of even date herewith;

     (iv) the Trademark Security Agreement of even date herewith;

     (v) the Pledge Agreement of even date herewith;

     (vi) the Guaranty Agreement of even date herewith;

     (vii) the Uniform Commercial Code financing statement prepared for filing with the Secretary
of State of the State of Delaware against ACL (the “ACL Financing Statement”), a
copy of which is attached hereto as Exhibit A-1; and

 

 

Institutions Listed on Schedule I

July 7, 2009

Page 2

     (viii) the Uniform Commercial Code financing statement prepared for filing with the
Secretary of State of the State of Delaware against ACLTS (the “ACLTS Financing
Statement”), a copy of which is attached hereto as Exhibit A-2; and

     (ix) the Uniform Commercial Code financing statement prepared for filing with the
Secretary of State of the State of Delaware against CBLC (the “CBLC Financing
Statement”), a copy of which is attached hereto as Exhibit A-3; and

     (x) the Uniform Commercial Code financing statement prepared for filing with the
Secretary of State of the State of Delaware against Jeffboat (the “Jeffboat Financing
Statement”), a copy of which is attached hereto as Exhibit A-4;

     (xi) the Uniform Commercial Code financing statement prepared for filing with the
Secretary of State of the State of Delaware against Holdings (the “Holdings Financing
Statement”; and together with the ACL Financing Statement, the ACLTS Financing
Statement, the CBLC Financing Statement and the Jeffboat Financing Statement, collectively,
the “Financing Statements”), a copy of which is attached hereto as Exhibit
A-5;

     (xii) the Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture
Filing of even date herewith between ACLTS, as mortgagor and the Agent, as mortgagee
securing property known as Louisville Fleet, 2031 River Road, Louisville, Kentucky (the
“Kentucky Mortgage”);

     (xiii) the Deed of Trust, Security Agreement, Assignment of Leases and Rents and
Fixture Filing of even date herewith between ACLTS, as grantor and the Agent, as grantee
securing property known as St. Louis Shipyard, 750 East Davis St. (a/k/a 709 E. Davis St.),
St. Louis, Missouri (the “Missouri Shipyard Mortgage”);

     (xiv) the Deed of Trust, Security Agreement, Assignment of Leases and Rents and Fixture
Filing of even date herewith between ACLTS, as grantor and the Agent, as grantee securing
property known as the confluence of the Mississippi and Missouri Rivers in St. Charles
County, Missouri (the “Missouri Confluence Mortgage”);

     (xv) Deed of Trust, Security Agreement, Assignment of Leases and Rents and Fixture
Filing of even date herewith between ACLTS, as grantor, Joseph B. Pitt, Jr., as trustee and
the Agent, as beneficiary securing property known as Memphis Terminal, 427 W. Illinois Ave.,
Memphis, Tennessee (the “Tennessee Mortgage”);

     (xvi) Deed of Trust, Security Agreement, Absolute Assignment of Leases and Rents and
Fixture Filing of even date herewith between ACLTS, as grantor to Rebecca Conrad as trustee
for the benefit of the Agent, as grantee/beneficiary securing property

 

 

Institutions Listed on Schedule I

July 7, 2009

Page 3

known as Houston Fleet, 16526 Dezavala Rd., Channelview, Texas (the “Texas
Mortgage”);

     (xvii) Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing
of even date herewith between ACLTS, as mortgagor and the Agent, as mortgagee securing
property known as Cairo Fleet, 14614 Ohio River Levee Rd., Cairo, Illinois (the
“Illinois Mortgage”);

     (xviii) Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing
of even date herewith between ACL, as mortgagor and the Agent, as mortgagee securing
property known as Corporate Office, 1701 E. Market St., Jeffersonville, Indiana (the
“Indiana Headquarters Mortgage”);

     (xix) Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing
of even date herewith between Jeffboat, as mortgagor and the Agent, as mortgagee securing
property known as Jeffboat Shipyard, 1030 E. Market St. (a/k/a 1030 E. Utica Pike),
Jeffersonville, Indiana (the “Indiana Jeffboat Mortgage”);

     (xx) Open-End Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture
Filing of even date herewith between ACLTS, as mortgagor and the Agent, as mortgagee
securing property known as South Point Fleet, Second St. Extension, South Point, Ohio (the
“Ohio Mortgage”);

     (xxi) Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing
of even date herewith between ACLTS, as mortgagor and the Agent, as mortgagee, securing
property known as Harahan Fleet, 5800 River Rd., Harahan, Louisiana and property known as
Marrero Fleet, 7000 River Rd., Marrero, Louisiana (the “Jefferson Parish Louisiana
Mortgage”);

     (xxii) Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing
of even date herewith between ACTLS, a mortgagor and the Agent, as mortgagee, securing
property known as Armant Fleet, 3232 Louisiana Highway 18, Vacherie, Louisiana (the
“Valcherie Louisiana Mortgage”; and together with the Kentucky Mortgage, the
Missouri Shipyard Mortgage, the Missouri Confluence Mortgage, the Tennessee Mortgage, the
Texas Mortgage, the Illinois Mortgage, the Indiana Headquarters Mortgage, the Indiana
Jeffboat Mortgage, the Ohio Mortgage, the Jefferson Parish Louisiana Mortgage and the
Valcherie Louisiana Mortgage, collectively, the “Real Estate Mortgages”);

     (xxiii) the First Preferred Fleet Mortgage with respect to self-propelled vessels of
even date herewith given by ACL, as mortgagor, to the Agent, as mortgagee on the vessels
named and bearing official numbers set forth on Schedule 1 thereto (the “ACL-Boat Fleet
Mortgage”);

 

 

Institutions Listed on Schedule I

July 7, 2009

Page 4

     (xxiv) the First Preferred Fleet Mortgage with respect to barges of even date herewith
given by ACL, as mortgagor, to the Agent, as mortgagee on the vessels named and bearing
official numbers set forth on Schedule 1 thereto (the “ACL-Barge Fleet Mortgage”);

     (xxv) the First Preferred Fleet Mortgage of even date herewith given by ACLTS, as
mortgagor, to the Agent, as mortgagee on the vessels named and bearing official numbers set
forth on Schedule 1 thereto (the “ACLTS Fleet Mortgage”; and together with the
ACL-Boat Fleet Mortgage and the ACL-Barge Fleet Mortgage, collectively, the “Fleet
Mortgages”);

     (xxvi) Certificate of Good Standing for ACL, certified by the Secretary of State of the
State of Delaware as of July 6, 2009 (the “ACL Good Standing Certificate”);

     (xxvii) Certificate of Good Standing for ACLTS, certified by the Secretary of State of
the State of Delaware as of July 6, 2009 (the “ACLTS Good Standing Certificate”);

     (xxviii) Certificate of Good Standing for CBLC, certified by the Secretary of State of
the State of Delaware as of July 6, 2009 (the “CBLC Good Standing Certificate”);

     (xxix) Certificate of Good Standing for Jeffboat, certified by the Secretary of State
of the State of Delaware as of July 6, 2009 (the “Jeffboat Good Standing
Certificate”); and

     (xxx) Certificate of Good Standing for Holdings, certified by the Secretary of State of
the State of Delaware as of July 6, 2009 (the “Holdings Good Standing Certificate”;
and together with the ACL Good Standing Certificate, the ACLTS Good Standing Certificate,
the CLBC Good Standing Certificate and the Jeffboat Good Standing Certificate, collectively,
the “Delaware Certificates of Good Standing”).

The foregoing documents (other than the Financing Statements, the Real Estate Mortgages and the
Fleet Mortgages) are sometimes hereinafter referred to collectively as the “Loan
Documents.” The Real Estate Mortgages and the Fleet Mortgages are hereinafter referred to
collectively as the “Mortgages.” The Loan Documents, the Financing Statements and the
Mortgages are hereinafter referred to collectively as the “Transaction Documents.”
“Specified Agreement” means the Indenture of even date herewith among the Borrowers, the
Guarantor and The Bank of New York Mellon Trust Company, N.A., as trustee. “Applicable
Law” means those laws, rules and regulations that in our experience, are normally applicable to
transactions of the type contemplated by the Transaction Documents, without our having made any
special investigation as to the applicability of any specific law, rule or regulation and
specifically excluding maritime regulations and any other industry specific regulatory regime
applicable to any Loan Party, any other party to the Transaction Documents or any affiliate
thereof. CBLC

 

 

Institutions Listed on Schedule I

July 7, 2009

Page 5

and Holdings are hereinafter collectively referred to as the “Corporate Loan Parties”.
ACL, ACLTS and Jeffboat are hereinafter collectively referred to as the “LLC Loan Parties”.
The Corporate Loan Parties and the LLC Loan Parties are hereinafter collectively referred to as the
“Loan Parties.”

          In rendering the opinions set forth herein, we have also examined and relied on originals, or
copies certified or otherwise identified to our satisfaction, of such (i) certificates of public
officials, (ii) certificates and representations of officers and representatives of the Loan
Parties, and (iii) other documents and records, and we have made such inquiries of officers and
representatives of the Loan Parties, as we have deemed relevant or necessary as the basis for such
opinions. We have relied upon, and assumed the accuracy of, all such certificates and
representations, documents and records and the representations and warranties made by the Loan
Parties in the Loan Documents and the Mortgages, in each case with respect to the factual matters
set forth therein. We have assumed the genuineness of all signatures, the authenticity of all
documents submitted to us as originals, the conformity to original documents of all copies
submitted to us as certified or photostatic copies and the legal capacity of all natural persons.

          Finally, we have also reviewed (i) the CCH Secured Transactions Guide as updated
through July 7, 2009 (the “CCH Guide”) with respect to the relevant provisions of Sections
9-102, 9-108, 9-301, 9-307, 9-308, 9-310, 9-312, 9-315, 9-501, 9-502, 9-503, 9-504, 9-509, 9-510
and 9-516 of Article 9 of the Uniform Commercial Code as in effect in the state of Delaware (the
“Delaware UCC”).

          In rendering the opinions set forth herein, we have assumed that:

     (i) all parties to the Loan Documents and the Mortgages other than the Loan Parties
(the “Non-Covered Parties”) are duly organized, validly existing, and in good
standing under the laws of their respective jurisdictions of organization and have the
requisite corporate, banking or other organizational power (as applicable) to enter into
such Loan Documents and such Mortgages;

     (ii) the execution and delivery of the Loan Documents and the Mortgages have been duly
authorized by all necessary corporate, banking or other organizational action (as
applicable) and proceedings on the part of all such Non-Covered Parties; the Loan Documents
and the Mortgages have been duly executed and delivered by all such Non-Covered Parties and
constitute the valid and binding obligations of such Non-Covered Parties, enforceable
against such Non-Covered Parties in accordance with their respective terms; the respective
terms and provisions of each of the Loan Documents and each of the Mortgages do not, and the
execution, delivery and performance of its obligations thereunder by each of such
Non-Covered Parties will not, violate the articles or certificate of incorporation or other
charter document, organizational agreement or by-laws of any such Non-Covered Party or any
law, order or decree of any court, administrative agency or other governmental authority
binding on any such Non-Covered

 

 

Institutions Listed on Schedule I

July 7, 2009

Page 6

Party, or result in a breach of or cause a default under any contract or indenture to which
it is a party or by which it is bound;

     (iii) the business of the Loan Parties is as described in its most recent Annual Report
on Form 10-K filed with the Securities and Exchange Commission.

     (iv) for purposes of the opinion set forth in Paragraph 7, the name and mailing
address of the Agent and the mailing addresses and organizational identification numbers of
the Loan Parties are as set forth on the Financing Statements; and

     (v) for purposes of the opinion set forth in Paragraphs 7 and 8, the
Lenders have advanced the initial Revolving Loans in accordance with the terms of the Loan
Agreement.

          Based upon the foregoing and subject to the qualifications and limitations stated herein, we
are of the opinion that, as of the date hereof:

          1. Each Corporate Loan Party is a corporation validly existing and in good standing under the
laws of the State of Delaware.

          2. Each LLC Loan Party is a limited liability company validly existing and in good standing
under the laws of the State of Delaware.

          3. Each Corporate Loan Party has the requisite corporate power and authority to execute,
deliver and perform its obligations under each of the Loan Documents to which it is a party. Such
execution, delivery and performance:

     (a) have been duly authorized by all necessary and proper corporate action of such
Corporate Loan Party;

     (b) do not violate any provision of the certificate of incorporation or by-laws of such
Corporate Loan Party or require any approval of such Corporate Loan Party’s shareholders
except any approval which has been obtained and remains in effect;

     (c) require no consent, approval or authorization of, or registration, filing or
declaration with any federal or New York state governmental authority or regulatory agency
under Applicable Law of the United States of America or the State of New York , except any
such consent, approval, authorization, registration, filing or declaration that has been
obtained or made and remains in effect and except for the filing of the Financing Statements
and except for the filing of the Trademark Security Agreement with the Patent and Trademark
Office;

 

 

Institutions Listed on Schedule I

July 7, 2009

Page 7

     (d) will not violate any Applicable Law of the State of New York (including, without
limitation, any usury laws) or any Applicable Law of the United States of America applicable
to such Corporate Loan Party; and

     (e) will not require the termination of, or violate or require the approval or consent
of any Person under the terms of, the Specified Agreement.

          4. Each LLC Loan Party has the requisite limited liability company power and authority to
execute, deliver and perform its obligations under each of the Loan Documents and the Mortgages to
which it is a party. Such execution, delivery and performance:

     (a) have been duly authorized by all necessary and proper limited liability company
action of such LLC Loan Party;

     (b) do not violate any provision of the certificate of formation or operating agreement
of such LLC Loan Party;

     (c) require no consent, approval or authorization of, or registration, filing or
declaration with any federal or New York state governmental authority or regulatory agency
under Applicable Law of the United States of America or the State of New York , except any
such consent, approval, authorization, registration, filing or declaration that has been
obtained or made and remains in effect and except for the filing of the Financing Statements
and except for the filing of the Trademark Security Agreement with the Patent and Trademark
Office;

     (d) will not violate any Applicable Law of the State of New York (including, without
limitation, any usury laws) or any Applicable Law of the United States of America applicable
to such LLC Loan Party; and

     (e) will not require the termination of, or violate or require the approval or consent
of any Person under the terms of, the Specified Agreement.

          5. Each of the Loan Documents and the Mortgages has been duly executed and delivered by each
Loan Party that is party thereto. Each of the Loan Documents constitutes the valid and binding
obligation of such Loan Party, enforceable against such Loan Party in accordance with its
respective terms. The filing of each Financing Statement has been duly authorized by the
applicable Loan Party.

          6. No Loan Party is required to be registered as an “investment company” under the Investment
Company Act of 1940, as amended, (the “Investment Company Act”).

          7. The Loan Documents create, in favor of the Agent, a valid security interest in all of the
Collateral to the extent a security interest may be created therein under Article 9 of the

 

 

Institutions Listed on Schedule I

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Page 8

New York UCC. Upon the filing of the Financing Statements in the office of the Secretary of State
of Delaware, such security interests in the Collateral will be perfected to the extent a security
interest therein can be perfected by the filing of a financing statement under Article 9 of the
Delaware UCC in the State of Delaware.

          8. Assuming that the Loan Parties have delivered to the Agent in New York the stock
certificates representing all of the “Pledged Equity Interests” (as defined in the Pledge
Agreement), duly indorsed to the Agent or in blank, and that such stock certificates have been
continuously held by the Agent in New York since such delivery, the security interest granted
pursuant to the Pledge Agreement in favor of the Agent will constitute a perfected security
interest in such Pledged Equity Interests, and, assuming the Agent receives such certificates after
giving value and without notice (actual or constructive) on the part of the Agent or any Lender or
any of their respective representatives of an adverse claim, within the meaning of Sections 8-102
and 8-105 of the New York UCC, the Agent will acquire such security interest free of adverse
claims.

          Our opinions above are subject to the following qualifications:

     (a) Our opinions in Paragraph 5 above relating to enforceability of the Loan
Documents and in Paragraphs 7 and 8 above relating to validity and
enforceability of security interests, are subject to limitations imposed by any applicable
bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium and similar laws
affecting creditors’ rights generally. Our opinion in the first sentence of Paragraph
5 above relating to enforceability of the Loan Documents is also subject to the effect
of general principles of equity (regardless of whether considered in a proceeding in equity
or at law). In addition, a court may refuse to enforce a provision of a Loan Document if it
deems such provision to violate public policy, including any provision indemnifying a party
against liability for its own wrongful or negligent acts.

     (b) Certain remedial provisions of the Loan Documents may be unenforceable in whole or
in part, but the inclusion of such provisions does not affect the validity of the Loan
Documents; however, the unenforceability of such provisions may result in delays in the
enforcement of the Agent’s rights and remedies under the Loan Documents (and we express no
opinion as to the economic consequences, if any, of such delays). Except as set forth in
subparagraph (a) above, the Loan Documents contain adequate provisions for enforcing payment
of the Obligations and for the practical realization of the principal rights and benefits
intended to be afforded thereby.

     (c) We express no opinion as to provisions in the Loan Documents that purport to (i)
indemnify any Person for its own gross negligence or willful misconduct or (ii) confer upon
any Person the right to require specific performance or to receive liquidated damages.

 

 

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     (d) We express no opinion as to provisions in the Loan Documents that purport to create
rights of set-off in favor of participants or that provide for set-off to be made otherwise
than in accordance with applicable laws.

     (e) We express no opinion as to the effect (if any) of any law of any jurisdiction
(except the State of New York) in which any Lender is located that may limit the rate of
interest that such Lender may charge or collect.

     (f) In rendering our opinion set forth in Paragraph 5 above, as it pertains to
the enforceability of provisions contained in Section 9.10 of the Loan Agreement
(and any similar provision in any other Loan Document) pursuant to which the parties thereto
agree that the laws of the State of New York shall govern such documents, we have relied on
Section 5-1401 of the New York General Obligations Law, which states in pertinent part that,
“The parties to any contract, agreement or undertaking, contingent or otherwise, in
consideration of, or relating to any obligation arising out of a transaction covering in the
aggregate not less than two hundred fifty thousand dollars, . . . may agree that the law of
this state shall govern their rights and duties in whole or in part, whether or not such
contract, agreement or undertaking bears a reasonable relation to this state.” We note that
one United States federal district court sitting in New York, in upholding the application
of Section 5-1401 of the General Obligations Law in a case in which it found sufficient
connections to New York State, suggested that the enforcement of the election of the parties
to a contract to apply New York law might present a constitutional issue if New York State
had no connection to either the parties or the transaction and if applying New York law
would violate an important public policy of a more interested state. Lehman Brothers
Commercial Corporation and Lehman Brothers Special Financing Inc. v. Minmetals International
Non-Ferrous Metals Trading Company et al., 179 F.Supp. 2d 118 (S.D.N.Y. 2000) (the
“Minmetal Opinion”). The Minmetal Opinion did not address, and we have not found
any judicial interpretation of, what constitutes “no connection” for purposes of Section
5-1401 of the New York General Obligations Law, and we do not express any opinion as to the
extent of the connections of the parties to the Loan Documents or the transactions
contemplated thereby to New York State.

     We call to your attention that the Minmetal Opinion stated that even if a contract were
governed by New York law and could have been legally performed in New York, it is not
enforceable under New York law if it is illegal in its place of performance and the parties
entered into the contract knowing that it was illegal in its place of performance or were
deliberately ignorant of such illegality. For the purposes of our opinion set forth in
Paragraph 5 above in respect of the Loan Documents, as it pertains to the
enforceability of provisions contained in Section 9.10 of the Loan Agreement (and
any similar provision in any other Loan Document) pursuant to which the parties thereto
agree that the laws of the State of New York shall govern such documents, we have assumed
that the parties did

 

 

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July 7, 2009

Page 10

not enter into the Loan Documents with knowledge or deliberate ignorance of the illegality
of such document in its place of performance.

     (g) We express no opinion as to provisions in the Loan Documents that purport to waive
objections to venue, claims that a particular jurisdiction is an inconvenient forum or the
like. We note that the selection of New York State or United States federal courts sitting
in New York City contained in the Loan Documents as the venue for proceedings relating to
the Loan Documents is subject to the power of such courts to transfer actions pursuant to 28
U.S.C. Section 1404(a).

     (h) We express no opinion as to whether a United States federal court would have
subject-matter or personal jurisdiction over a controversy arising under the Loan Documents.

     (i) We express no opinion on the effectiveness of any service of process made other
than in accordance with applicable law.

     (j) We express no opinion as to the effect of (i) the compliance or noncompliance of
the Agent or any Lender with any state or federal laws or regulations applicable to any such
party because of (x) such party’s legal or regulatory status or (y) the nature of such
party’s business or (ii) the failure of any such party to be authorized to conduct business
in any jurisdiction.

     (l) We have assumed that each Loan Party has sufficient rights to the Collateral in
order for the security interest of the Lenders to attach thereto, and we express no opinion
as to the nature or extent of the any Loan Party’s rights in or title to any of the
Collateral.

     (m) Our security interest opinion in Paragraph 7 is limited to Article 9 of the
New York UCC and Article 9 of the Delaware UCC. Our opinion in Paragraph 8 is
limited to Article 8 and Article 9 of the New York UCC. Therefore those opinions do not
address (i) laws of jurisdictions other than New York or Delaware or (ii) laws of New York
or Delaware except for those described above. Those opinions do not address under New York
UCC §9-301 through 9-307, what law governs perfection of the security interests granted in
the collateral covered by this opinion letter. We do not express any opinion as to (1)
transactions excluded from Article 9 of the New York UCC by virtue of Section 9-109 of the
New York UCC, (2) any of the Collateral consisting of commercial tort claims or timber to be
cut, or (3) an interest that is terminated or released.

     (n) We express no opinion with respect to the perfection of a security interest in any
Collateral of a type described in Section 9-501(a)(1)(A) or (B) of the Delaware UCC or
represented by a certificate of title.

 

 

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     (o) We express no opinion as to the actions that will be required to be taken
periodically under any applicable law in order for the effectiveness of any financing
statement, or the validity or perfection of any lien or security interest referred to
herein, to be maintained.

     (p) We call to your attention that the security interest created by the Loan Parties in
proceeds of the Collateral and the perfection of such security interest is limited to the
extent set forth in Section 9-315 of the New York UCC.

     (q) With respect to our opinion in Paragraph 6 that no Loan Party is required
to be registered as an “investment company” within the meaning of the Investment Company
Act, we have relied exclusively, as to all factual matters, on a certificate, dated as of
the date of this opinion of Dawn Landry, Senior Vice President, General Counsel and
Corporate Secretary of Holdings and Vice President and Secretary of each of CBLC, ACL, ACLTS
and Jeffboat.

     (q) With respect to our opinions in Paragraphs 3(e) and (4)(e) above,
we express no opinion as to whether the incurrence of indebtedness by the Loan Parties under
the Transaction Documents might result in the violation of any of the financial covenants
set forth in the Specified Agreement.

     (r) In rendering our opinions in Paragraphs 1 and 2 as to the good
standing of the Loan Parties, we have relied solely upon the Delaware Certificates of Good
Standing.

          The foregoing opinions are limited to the Delaware General Corporation Law, the Delaware
Limited Liability Company Act, the Applicable Laws of the State of New York and the Applicable Laws
of the United States of America, and we express no opinion with respect to the laws of any other
state or jurisdiction, except that, with respect to the opinions expressed in Paragraph 7,
we also express an opinion as to Article 9 of the Delaware UCC as reported in the CCH Guide. We
are not licensed to practice law in the State of Delaware, and, with your concurrence, with respect
to the opinions expressed in Paragraph 7, we have not consulted with counsel licensed in
the State of Delaware or conducted any investigation of the laws of the State of Delaware other
than Article 9 of the Delaware UCC as set forth in the CCH Guide, or any case law from the State of
Delaware with respect to such provisions.

          Any opinion or statement herein which is expressed to be “to our knowledge” or is otherwise
qualified by words of like import means that the lawyers currently practicing law with Sidley
Austin LLP who have had an active involvement in negotiating or reviewing the Transaction Documents
have no current conscious awareness of any facts or information contrary to such opinion or
statement. With respect to such matters, such persons, with your express permission and consent,
have not undertaken any other investigation or inquiry of other lawyers practicing law with this
firm, or any review of files maintained by this firm, or any inquiry of officers or employees of
the Loan Parties. The reference to “conscious awareness” in

 

 

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this paragraph has the meaning given that phrase in the Third-Party Legal Opinion Report,
Including the Legal Opinion Accord, of the Section of Business Law, American Bar Association,
47 Bus. Law. 167, 192 (1991).

          This opinion letter is furnished by us solely for your benefit, and it may not be relied upon
by, or quoted to or delivered to, any person other than your legal counsel; provided, that
this opinion letter may also be relied upon by and delivered to any future assignee pursuant to an
assignment that is made in accordance with the provisions of Section 9.05 of the Loan
Agreement, on the conditions and understanding that any such reliance by a future assignee must be
actual and reasonable under the circumstances existing at the time of assignment, including any
changes in law or facts. We further consent to disclosure of this letter to any applicable rating
agency or agencies, and the servicer for any securitization backed by payments under the Loan
Agreement, or any regulator or auditor of any Lender in connection with the transactions covered
hereby. The opinions expressed above are based solely on factual matters in existence as of the
date hereof and laws and regulations in effect on the date hereof, and we assume no obligation to
revise or supplement this opinion letter to reflect any matters which may hereafter come to our
attention, or should such factual matters change or should such laws or regulations be changed by
legislative or regulatory action, judicial decision or otherwise.

Very truly yours,

 

 

SCHEDULE I

Addressees

Bank of America, N.A.

135 S. LaSalle Street, Suite 465

Chicago, Illinois 60603

Wells Fargo Foothill, LLC

2450 Colorado Avenue, Suite 3000 West

Santa Monica, CA 90404

UBS Loan Finance LLC

677 Washington Blvd.

Stamford, CT 06901

SunTrust Bank

303 Peachtree St

Atlanta, GA 30308

23rd Floor

RBS Business Capital, a division of RBS Asset Finance, Inc., a

subsidiary of RBS Citizens, NA

Exchange Place

53 State Street MBS940

Boston, MA 02109

PNC Bank, National Association

One PNC Plaza, 249 Fifth Ave.

Pittsburgh, PA 15222

Fifth Third Bank

251 N. Illinois, Suite 1000

Indianapolis, IN 46204

 

 

EXHIBIT A-1

ACL Financing Statement

Attached.

 

 

EXHIBIT A-2

ACLTS Financing Statement

Attached.

 

 

EXHIBIT A-3

CBLC Financing Statement

Attached

 

 

EXHIBIT A-4

Jeffboat Financing Statement

Attached

 

 

EXHIBIT A-5

Holdings Financing Statement

Attached

 

 

SECURITY AGREEMENT

     SECURITY AGREEMENT dated as of July 7, 2009 (this “Agreement”), among BANK OF AMERICA,
N.A., as administrative agent and collateral agent (in its capacity as administrative agent and
collateral agent, together with its successors and assigns, the “Collateral Agent”),
AMERICAN COMMERCIAL LINES LLC, a limited liability company formed under the laws of Delaware
(“ACL”), JEFFBOAT LLC, a limited liability company formed under the laws of Delaware
(“Jeffboat”), COMMERCIAL BARGE LINE COMPANY, a corporation formed under the laws of
Delaware (“CBLC”), ACL TRANSPORTATION SERVICES LLC, a limited liability company formed
under the laws of Delaware (“ACLTS”; and together with ACL, Jeffboat, and CBLC, the
“Borrowers”) and AMERICAN COMMERCIAL LINES INC. (“Holdings”; and together with any
other Person that becomes a party hereto pursuant to Section 7.12, the
“Guarantors,” and together with the Borrowers, each individually a “Grantor” and
collectively, the “Grantors”).

RECITALS:

     WHEREAS, pursuant to that certain Loan Agreement dated as of the date hereof by and among
Collateral Agent and the lending institutions from time to time party thereto (such lending
institutions, together with their respective successors and assigns each individually a
“Lender” and collectively the “Lenders”) and the Borrowers, including all annexes,
exhibits and schedules thereto, as from time to time amended, restated, supplemented or otherwise
modified, the “Loan Agreement”), Lenders have agreed to make the Loans and issue
Letters-of-Credit on behalf of the Borrowers;

     WHEREAS, in order to induce Collateral Agent and Lenders to enter into the Loan Agreement and
the other Loan Documents and to induce Lenders to make the Loans and issue Letters of Credit as
provided for in the Loan Agreement, each Grantor has agreed to grant a continuing Lien on the
Collateral (as hereinafter defined) to secure the Obligations;

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

ARTICLE I

DEFINITIONS

     SECTION 1.01. Definition of Certain Terms Used Herein. As used herein, the following
terms shall have the following meanings:

     “Accessions” shall mean any goods which are physically united with any item
constituting part of the Collateral hereunder in such a manner that the identity of such goods is
not lost.

 

 

     “Account Debtor” shall mean any Person who is or who may become obligated to any
Grantor under, with respect to, or on account of an Account.

     “Accounts” shall mean all of each Grantor’s now owned or hereafter acquired or arising
“accounts”, as defined in the UCC, including any and all right, title and interest of any Grantor
to payment for goods or services sold or leased, including Chattel Paper (whether tangible or
electronic) and any right evidenced by Chattel Paper (whether tangible or electronic), whether due
or to become due, whether or not it has been earned by performance, and whether now or hereafter
acquired or arising in the future, including accounts receivable from Affiliates of the Grantors.

     “Accounts Receivable” shall mean all Accounts and all right, title and interest in any
returned goods, together with all rights, titles, securities and guarantees with respect thereto,
including any rights to stoppage in transit, replevin, reclamation and resales, and all related
security interests, liens and pledges, whether voluntary or involuntary, in each case whether now
existing or owned or hereafter arising or acquired.

     “Additional Grantor” shall have the meaning given to that term in Section 7.12
of this Agreement.

     “Chattel Paper” shall mean all of each Grantor’s now owned or hereafter acquired
“chattel paper”, as defined in the UCC, including any record or records that evidence both a
monetary obligation and a security interest in specific goods, a security interest in specific
goods and software used in the goods, a security interest in specific goods and license of software
used in the goods, a lease of specific goods, or a lease of specific goods and license of software
used in the goods, including in the case of any transaction which is evidenced by records that
include an instrument or series of instruments, the group of records taken together.

     “Collateral” shall mean all now owned and hereafter acquired (a) Accounts Receivable,
(b) Documents, (c) Equipment, (d) Fixtures, (e) General Intangibles, (f) Inventory, (g) cash and
currency, (h) Deposit Accounts, credits, and balances with and other claims against the Collateral
Agent or any Lender or any of their Affiliates or any other financial institution with which the
Grantor maintains deposits, including any Payment Accounts;, (i) Investment Property, (j)
Instruments, (k) Commercial Tort Claims set forth on Schedule 4.17 hereto, (l)
Letter-of-Credit Rights, (m) Supporting Obligations, (n) Financial Assets, (o) all money, cash,
cash equivalents, securities and other property of any kind of the Grantor held directly or
indirectly by the Agent or any Lender; (p) all books, records and other property related to or
referring to any of the foregoing, (p) all other personal property of whatever type or description
and (q) to the extent not otherwise included, all Accessions and all Proceeds of the foregoing, in
each case whether now owned or hereafter acquired and wherever the same may be located;
provided, however, that the “Collateral” shall not include any Excluded Property.

     “Collateral Documents” shall mean, collectively, this Agreement, the other Security
Documents, any UCC financing statements, any other documents filed with governmental authorities to
perfect, establish priority or give public notice of the Security Interest granted by this
Agreement, and any certificate or other document contemplated by or delivered pursuant to this
Agreement.

2

 

     “Commercial Tort Claims” shall mean all of each Grantor’s now owned or hereafter
acquired “commercial tort claims”, as defined in the UCC, including any claims, causes of action,
choses in action, rights and interests arising in tort which are held or owned by any Grantor, but
only to the extent of such Grantor’s interest therein.

     “Commodity Account” shall mean an account maintained by a Commodity Intermediary in
which a Commodity Contract is carried out for a Commodity Customer.

     “Commodity Contract” shall mean a commodity futures contract, an option on a commodity
futures contract, a commodity option or any other contract that, in each case, is (a) traded on or
subject to the rules of a board of trade that has been designated as a contract market for such a
contract pursuant to the federal commodities laws or (b) traded on a foreign commodity board of
trade, exchange or market, and is carried on the books of a Commodity Intermediary for a Commodity
Customer.

     “Commodity Customer” shall mean a Person for whom a Commodity Intermediary carries a
Commodity Contract on its books.

     “Commodity Intermediary” shall mean (a) a Person who is registered as a futures
commission merchant under the federal commodities laws or (b) a Person who in the ordinary course
of its business provides clearance or settlement services for a board of trade that has been
designated as a contract market pursuant to federal commodities laws.

     “Copyright License” shall mean any written agreement, now or hereafter in effect,
granting any right to any third party under any Copyright now or hereafter owned by any Grantor or
which such Grantor otherwise has the right to license, or granting any right to such Grantor under
any Copyright now or hereafter owned by any third party, and all rights of such Grantor under any
such agreement.

     “Copyrights” shall mean all of the following: (a) all copyright rights in any work
subject to the copyright laws of the United States, whether as author, assignee, transferee or
otherwise, and (b) all registrations and applications for registration of any such copyright in the
United States, including registrations, recordings, supplemental registrations and pending
applications for registration in the United States Copyright Office.

     “Deposit Accounts” means all “deposit accounts”, as such term is defined in the UCC,
now or hereafter held in the name of Grantor, including a demand, time, savings, passbook or like
account maintained with a bank, savings and loan association, credit union or other financial
institution, or a branch of any of the foregoing.

     “Documents” shall mean all “documents”, as such term is defined in the UCC, including
all documents of title and all files, records, ledger sheets and documents covering or relating to
any of the Collateral.

     “Entitlement Holder” shall mean a Person identified in the records of a Securities
Intermediary as the Person having a Security Entitlement against the Securities Intermediary. If a
Person acquires a Security Entitlement by virtue of Section 8-501(b)(2) or (3) of the UCC, such
Person is the Entitlement Holder.

3

 

     “Equipment” means all of each Grantor’s now owned or hereafter acquired “equipment”,
as defined in the UCC, including all machinery, all manufacturing, distribution, selling, data
processing and office equipment, all furniture, furnishings, appliances, Fixtures and trade
Fixtures, tools, tooling, molds, dies, vehicles, aircraft, vessels, boilers, engines, masts, spars,
rigging, boats, pumps, anchors, cables, chains, tackle, apparel, fittings, equipment, other
appurtenances and all other goods of every type and description (excluding Inventory, “Vessels”
that are subject at any time to the Lien of any of the Fleet Mortgages, and “Vessels” that have
been released from the Lien of any Fleet Mortgage pursuant to Section 5.2 thereof, but including in
any event Vessels that are not documented under the laws and flag of the United States of America),
in each instance whether now owned or hereafter acquired by each of the Grantors and wherever
located.

     “Excluded Property” shall mean

          (a) any permit or license issued by a Governmental Authority to any Grantor or any agreement
to which any Grantor is a party, in each case, only to the extent and for so long as the terms of
such permit, license or agreement or any Requirement of Law applicable thereto, prohibit the
creation by such Grantor of a security interest in such permit, license or agreement in favor of
the Collateral Agent (after giving effect to Sections 9-406(d), 9-407(a), 9-408(a) or 9-409 of the
UCC (or any successor provision or provisions) or any other applicable law (including the
Bankruptcy Code) or principles of equity);

          (b) Equipment or other assets or any proceeds thereof owned by any Grantor on the date hereof
or hereafter acquired that is subject to a Lien securing indebtedness in respect of purchase money
financing or Capital Lease Obligations permitted to be incurred pursuant to the provisions of the
Loan Agreement if the contract or other agreement in which such Lien is granted (or the
documentation providing for such indebtedness in respect of purchase money financing) prohibits the
creation of any other Lien on such Equipment, other assets or proceeds;

          (c) any intent-to-use trademark application to the extent and for so long as creation by a
Grantor of a security interest therein would result in the loss by such Grantor of any material
rights therein;

          (d) the Hall Street Terminal so long as the NRG Agreements prohibit the creation by the
applicable Grantor of a security interest in such property in favor of the Collateral Agent and NRG
has not agreed in writing to waive such prohibition;

          (e) work-in-progress and associated property of any Grantor that is subject to any contract
for the manufacture and sale of a Vessel to a customer, to the extent such customer contract
prohibits or would be violated by the grant of a Lien securing other indebtedness of such Grantor;

          (f) the voting capital stock of foreign subsidiaries in excess of 65% of the issued and
outstanding voting equity interests of such foreign subsidiaries;

          (g) interests in any joint venture to the extent and for so long as the documents governing
such joint venture interests prohibit the granting of a security interest therein;

4

 

          (h) any contract, lease, license or other agreement to the extent that the grant of a security
interest therein would result in the invalidation thereof or provide any party thereto with a right
of termination with respect thereto (in each case, after giving effect to applicable provisions of
the UCC);

          (i) any property of a Person existing at the time such Person is acquired or merged with and
into or consolidated with a Grantor that is subject to a Lien permitted by Section 6.02(c) of the
Loan Agreement (and any refinancing thereof permitted by Section 6.02(v) of the Loan Agreement) to
the extent and for so long as the contract or other agreement in which such Lien is granted
prohibits the creation of any other Lien on such property.

provided, however, that Excluded Property shall not include any Proceeds, substitutions or
replacements of any Excluded Property referred to in clauses (a) through (h) (unless such Proceeds,
substitutions or replacements would constitute Excluded Property referred to in clauses (a) through
(h)).

     “Financial Asset” shall mean (a) a Security, (b) an obligation of a Person or a share,
participation or other interest in a Person or in property or an enterprise of a Person, which is,
or is of a type, dealt with in or traded on financial markets, or which is recognized in any area
in which it is issued or dealt in as a medium for investment or (c) any property that is held by a
Securities Intermediary for another Person in a Securities Account if the Securities Intermediary
has expressly agreed with the other Person that the property is to be treated as a Financial Asset
under Article 8 of the UCC. As the context requires, the term Financial Asset shall mean either the
interest itself or the means by which a Person’s claim to it is evidenced, including a certificated
or uncertificated Security, a certificate representing a Security or a Security Entitlement.

     “Fixtures” shall mean all Goods, whether now owned or hereafter acquired, of any
Grantor that become so related to particular real estate that an interest in them arises under any
real estate law applicable thereto.

     “General Intangibles” shall mean all of each Grantor’s now owned or hereafter acquired
“general intangibles”, as defined in the UCC, including all rights, interests, choses in action,
causes of action, claims, Intellectual Property and all other intangible personal property of any
Grantor of every kind and nature (other than Accounts) now owned or hereafter acquired by any
Grantor, including, without limitation, all contract rights, payment intangibles, corporate or
other business records, goodwill, customer lists, registrations, licenses, franchises, tax refund
claims, any funds which may become due to the Grantor in connection with the termination of any
employee benefit plan or any rights thereto and any other amounts payable to the Grantor from any
employee benefit plan, rights and claims against carriers and shippers, rights to indemnification,
business interruption insurance and proceeds thereof, property, casualty or any similar type of
insurance and any proceeds thereof, proceeds of insurance covering the lives of key employees on
which the Grantor is beneficiary, rights to receive dividends, distributions, cash, Instruments and
other property in respect of or in exchange for pledged equity interests or Investment Property and
any letter-of-credit, guarantee, claim, security interest or other security held by or granted to
the Grantor.

5

 

     “Grantors” shall have the meaning given to that term in the first paragraph of this
Agreement.

     “Indemnitee” shall mean, with respect to any Person, such Person’s Affiliates and the
respective directors, officers, employees, agents and advisors of such Person and such Affiliates.

     “Instrument” shall mean an “instrument”, as such term is defined in the UCC, now owned
or hereafter acquired by the Grantor, including a negotiable instrument or any other writing which
evidences a right to the payment of money and is not itself a security agreement or lease and is of
a type which in the ordinary course of business is transferred by delivery with any necessary
endorsement or assignment.

     “Intellectual Property” shall mean all intellectual and similar property of any
Grantor of every kind and nature now owned or hereafter acquired by any Grantor, including
inventions, designs, Patents, Copyrights, Licenses, Trademarks, trade secrets, correspondence,
confidential or proprietary technical and business information, know-how or other data or
information, all Software and databases and all embodiments or fixations thereof and related
documentation, and all other computer materials, created or owned by any Grantor, registrations and
franchises, and all additions, improvements and accessions to, and books and records describing or
used in connection with, any of the foregoing together with all extensions, renewals, reissues,
divisions, continuations, and continuations-in-part of any of the foregoing, and all rights to sue
for past, present and future infringement of any of the foregoing.

     “Inventory” means “inventory”, as such term is defined in the UCC, and inventory,
goods, and merchandise to be furnished under any contract of service or held for sale or lease,
returned goods, raw materials, work-in-process, finished goods (including embedded software), other
materials and supplies of any kind, nature, or description which are used or consumed in a Person’s
business or used in connection with the packing, shipping, advertising, selling, or finishing of
such goods, merchandise, and all documents of title or other Documents representing them.
Notwithstanding anything to the contrary set forth herein, Inventory shall not include (a) any
Vessels (other than Vessels held for sale in the ordinary course of business by Jeffboat), (b)
spare parts, replacement parts, parts under repair, tackle, necessaries, apparel, cordage, general
outfit and all other appurtenances and appliances belonging upon Vessels and stores (each of the
foregoing, whether aboard Vessels or onshore); and (c) proceeds or the foregoing. For the
avoidance of doubt, as used herein, Inventory shall not include any Vessels leased, chartered or
otherwise used (at any time) in the operation of the Grantors’ business (other than Vessels held
for sale in the ordinary course of business by Jeffboat), or Vessels sold or to be sold for scrap,
or the proceeds of any of the foregoing.

     “Investment Property” shall mean all Securities (whether certificated or
uncertificated), Security Entitlements, Securities Accounts, Commodity Contracts and Commodity
Accounts of any Grantor, whether now owned or hereafter acquired by any Grantor.

     “Joinder” shall have the meaning given to that term in Section 7.12 of this
Agreement.

     “Letter-of-Credit Rights” shall mean “letter-of-credit rights”, as such term is
defined in the UCC, now owned or hereafter acquired by any Grantor, including any right to payment
or

6

 

performance under any letter-of-credit under which any Grantor is a beneficiary, whether or
not such Grantor has demanded or is at the time entitled to demand payment or performance, but
excluding the right of any Grantor to demand payment or performance under any letter-of-credit.

     “License” shall mean any Patent License, Trademark License, Copyright License or other
license or sublicense to which any Grantor is a party, whether as licensor or licensee (other than
those license agreements in existence on the date hereof or entered into after the date hereof,
which by their terms prohibit the grant of a security interest by such Grantor as licensee
thereunder).

     “Patent License” shall mean any written agreement, now or hereafter in effect,
granting to any third party any right to make, use or sell any invention on which a Patent, now or
hereafter owned by any Grantor or which any Grantor otherwise has the right to license, is in
existence, or granting to any Grantor any right to make, use or sell any invention on which a
Patent, now or hereafter owned by any third party, is in existence, and all rights of any Grantor
under any such agreement.

     “Patents” shall mean all of the following: (a) all letters patent of the United
States, all registrations and recordings thereof, and all applications for letters patent of the
United States, including registrations, recordings and pending applications in the United States
Patent and Trademark Office, and (b) all reissues, continuations, divisions, continuations-in-part,
renewals or extensions thereof, and the inventions disclosed or claimed therein, including the
right to make, use and/or sell the inventions disclosed or claimed therein.

     “Payment Account” means each bank account established pursuant to this Agreement, to
which the proceeds of Accounts and other Collateral are deposited or credited, and which is
maintained in the name of the Grantor on terms acceptable to Collateral Agent.

     “Proceeds” shall mean “proceeds”, as such term is defined in the UCC, including any
consideration received from the sale, exchange, license, lease or other disposition of any asset or
property that constitutes Collateral, any value received as a consequence of the possession of any
Collateral and any payment received from any insurer or other Person or entity as a result of the
destruction, loss, theft, damage or other involuntary conversion of whatever nature of any asset or
property which constitutes Collateral, and shall include, without limitation, (a) any claim of any
Grantor against any third party for (and the right to sue and recover for and the rights to damages
or profits due or accrued arising out of or in connection with) (i) past, present or future
infringement of any Patent now or hereafter owned by any Grantor, or licensed under a Patent
License, (ii) past, present or future infringement or dilution of any Trademark now or hereafter
owned by any Grantor or licensed under a Trademark License or injury to the goodwill associated
with or symbolized by any Trademark now or hereafter owned by any Grantor, (iii) past, present or
future breach of any License and (iv) past, present or future infringement of any Copyright now or
hereafter owned by any Grantor or licensed under a Copyright License and (b) any and all other
amounts from time to time paid or payable under or in connection with any of the Collateral.

     “Receivables” shall mean the following now owned or hereafter arising or acquired
property of a Grantor: (a) all Accounts; (b) all interest, fees, late charges, penalties,
collection

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fees and other amounts due or to become due or otherwise payable in connection with any
Account; (c) all instruments evidencing Accounts or Inventory, including, without limitation, all
promissory notes relating to the foregoing; (d) all chattel paper with respect to, or otherwise
representing or evidencing, Accounts or Inventory; (e) all documents representing or evidencing,
Accounts or Inventory; (f) the proceeds of all of the foregoing; and (g) all ledgers, books of
account, records, Software, tapes, cards, computer programs, computer disks or tapes, computer
printouts, computer runs, and other computer prepared information relating solely to any of the
foregoing.

     “Secured Parties” shall mean Collateral Agent and the Lenders.

     “Securities” shall mean any obligations of an issuer or any shares, participations or
other interests in an issuer or in property or an enterprise of an issuer which (a) are represented
by a certificate representing a security in bearer or registered form, or the transfer of which may
be registered upon books maintained for that purpose by or on behalf of the issuer, (b) are one of
a class or series or by its terms is divisible into a class or series of shares, participations,
interests or obligations and (c)(i) are, or are of a type, dealt with or traded on securities
exchanges or securities markets or (ii) are a medium for investment and by their terms expressly
provide that they are securities governed by Article 8 of the UCC.

     “Securities Account” shall mean an account to which a Financial Asset is or may be
credited in accordance with an agreement under which the Person maintaining the account undertakes
to treat the Person for whom the account is maintained as entitled to exercise rights that comprise
the Financial Asset.

     “Security Entitlements” shall mean the rights and property interests of an Entitlement
Holder with respect to a Financial Asset.

     “Security Interest” shall have the meaning given to that term in Section 2.01.

     “Security Intermediary” shall mean (a) a clearing corporation or (b) a Person,
including a bank or broker, that in the ordinary course of its business maintains securities
accounts for others and is acting in that capacity.

     “Software” shall mean all “software”, as such term is defined in the UCC, now owned or
hereafter acquired by Grantor, including any computer program and any supporting information
provided in connection with any transaction relating to any such program.

     “Supporting Obligations” shall mean all “supporting obligations”, as such term is
defined in the UCC, including any letter-of-credit right or any secondary obligation held by any
Grantor that supports the payment or performance of any Account, Chattel Paper, Document, General
Intangible, Instrument or Investment Property.

     “Trademark License” shall mean any written agreement, now or hereafter in effect,
granting to any third party any right to use any Trademark now or hereafter owned by any Grantor or
which any Grantor otherwise has the right to license, or granting to any Grantor any right to use
any Trademark now or hereafter owned by any third party, and all rights of any Grantor under any
such agreement.

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     “Trademarks” shall mean all of the following: (a) all trademarks, service marks, trade
names, corporate names, company names, business names, fictitious business names, trade styles,
trade dress, logos, other source or business identifiers, designs and general intangibles of like
nature, now existing or hereafter adopted or acquired, all registrations and recordings thereof,
and all registration and recording applications filed in connection therewith, including
registrations and registration applications in the United States Patent and Trademark Office or any
State of the United States, and all extensions or renewals thereof (provided that no security
interest shall be granted in United States intent-to-use trademark applications to the extent that,
and solely during the period in which, the grant of a security interest therein would impair the
validity or enforceability of such intent-to-use trademark applications under applicable federal
law), (b) all goodwill associated therewith or symbolized thereby and (c) all other assets, rights
and interests that uniquely reflect or embody such goodwill.

     SECTION 1.02. Loan Agreement Terms; Uniform Commercial Code Terms. Capitalized terms
used herein and not defined herein have the meanings set forth in the Loan Agreement. Capitalized
terms used and not defined herein or in the Loan Agreement that are defined in Article 8 or Article
9 of the UCC shall have the respective meanings set forth therein.

     SECTION 1.03. Other Terms.

          (a) The words “include”, “includes” and “including” shall be deemed to be followed by the
phrase “without limitation”.

          (b) The definition of terms herein shall apply equally to the singular and plural forms of the
words defined.

ARTICLE II

SECURITY INTEREST

     SECTION 2.01. Grants of Security Interest. As security for the payment or
performance, as the case may be, in full of the Obligations, each Grantor hereby bargains, sells,
conveys, assigns, sets over, mortgages, pledges, hypothecates and transfers to Collateral Agent,
for itself and the ratable benefit of the Lenders, and hereby grants to Collateral Agent, for
itself and the ratable benefit of the Lenders, a security interest in and Lien upon, all of such
Grantor’s right, title and interest in, to and under the Collateral (the “Security
Interest”); provided that the Security Interest in voting equity interests of a
subsidiary of a Grantor is limited, in the case of foreign subsidiaries of a Grantor, to 65% of the
issued and outstanding voting equity interests of such foreign subsidiaries notwithstanding the
delivery by any Grantor to the Collateral Agent of Securities representing in excess of such
percentage. Without limiting any of the foregoing, Collateral Agent is hereby authorized to file
one or more financing statements (including fixture filings), continuation statements or other
documents for the purpose of perfecting, confirming, continuing, enforcing or protecting its
Security Interest in the Collateral, without the signature of any Grantors, and naming any Grantor
or the Grantors as debtor or debtors and Collateral Agent as secured party.

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     Notwithstanding anything to the contrary contained in the preceding paragraph above, the
security interest created by this Agreement shall not extend to any Excluded Property and (i) the
Grantors shall from time to time at the request of the Collateral Agent give written notice to the
Collateral Agent identifying in reasonable detail the Excluded Property and shall provide to the
Collateral Agent such other information regarding the Excluded Property as the Collateral Agent may
reasonably request and (ii) from and after the Closing Date, no Grantor shall permit to become
effective in any document creating, governing or providing for any permit, license or agreement a
provision that would prohibit the creation of a Lien on such permit, license or agreement in favor
of the Collateral Agent unless such Grantor believes, in its reasonable judgment, that such
prohibition is usual and customary in transactions of such type.

     SECTION 2.02. No Assumption of Liability. The Security Interest is granted as
security only and shall not subject Collateral Agent or any other Secured Party to, or in any way
alter or modify, any obligation or liability of any Grantor with respect to or arising out of the
Collateral.

ARTICLE III

REPRESENTATIONS AND WARRANTIES

     The Grantors jointly and severally represent and warrant to Collateral Agent and the Secured
Parties that:

     SECTION 3.01. Title and Authority. Each Grantor has good and valid rights in and
title to the Collateral with respect to which it has purported to grant the Security Interest
hereunder and has full power and authority to grant to Collateral Agent the Security Interest in
such Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance
with the terms of this Agreement, without the consent or approval of any other Person other than
any consent or approval which has been obtained.

     SECTION 3.02. Filings.

          (a) Fully completed UCC financing statements (including fixture filings, as applicable) or
other appropriate filings, recordings or registrations containing a description of the Collateral
have been prepared by or delivered to the Collateral Agent for filing in the Office of the
Secretary of State of Delaware (or, in the case of fixture filings, for filing in the offices
listed on Schedule 3.02 hereto), which are all the filings, recordings and registrations
(other than filings required to be made in the United States Patent and Trademark Office and the
United States Copyright Office in order to perfect the Security Interest in Collateral consisting
of United States Patents, Trademarks and Copyrights) that are necessary, upon filing, to perfect
security interests in favor of the Collateral Agent (for the ratable benefit of the Secured
Parties) in respect of all Collateral in which the Security Interest may be perfected by filing,
recording or registration in the United States (or any political subdivision thereof) and its
territories and possessions, and no further or subsequent filing, refiling, recording, rerecording,
registration or reregistration is, or will be, necessary in any such jurisdiction with respect to
such Collateral, except as provided under applicable law with respect to the filing of continuation
statements.

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          (b) Each Grantor represents and warrants that fully executed security agreements in form
satisfactory to the Collateral Agent containing descriptions of all Collateral consisting of
Intellectual Property with respect to United States Patents and United States registered Trademarks
(and Trademarks for which United States registration applications are pending) and United States
registered Copyrights have been or concurrently herewith are being delivered to the Collateral
Agent for recording by the United States Patent and Trademark Office and the United States
Copyright Office pursuant to 35 U.S.C. Section 261, 15 U.S.C. Section 1060 or 17 U.S.C. Section 205
and the regulations thereunder, as applicable, and otherwise as may be required pursuant to the
laws of any other necessary jurisdiction, to protect the validity of and to continue legal, valid
and perfected security interests in favor of the Collateral Agent (for the ratable benefit of the
Secured Parties) in respect of all Collateral consisting of Patents, Trademarks and Copyrights in
which a security interest may be perfected by filing, recording or registration in the United
States (or any political subdivision thereof) and its territories and possessions, or in any other
necessary jurisdiction, and no further or subsequent filing, refiling, recording, rerecording,
registration or reregistration is necessary in any such jurisdiction (other than such actions as
are necessary to perfect the Security Interest with respect to any Collateral consisting of
Patents, Trademarks and Copyrights or registration or application for registration thereof)
acquired or developed after the date hereof).

     SECTION 3.03. Validity of Security Interest. The Security Interest constitutes (a) a
legal valid and binding Security Interest in all the Collateral securing the payment and
performance of the Obligations, (b) subject to the filings described in Section 3.02 above,
a perfected Security Interest in all Collateral in which a security interest may be perfected by
filing, recording or registering a financing statement or analogous document in the United States
(or any political subdivision thereof) and its territories and possessions pursuant to the Uniform
Commercial Code of the applicable jurisdiction or other similar law in such jurisdictions, to the
extent such security interests may be perfected under the Uniform Commercial Code of the applicable
jurisdiction and (c) a Security Interest that shall be perfected in all Collateral in which a
security interest may be perfected upon the receipt and recording of security agreements pursuant
to Section 3.02(b) with the United States Patent and Trademark Office and the United States
Copyright Office, as applicable. The Security Interest is and shall be prior to any other Lien on
any of the Collateral, other than Liens expressly permitted pursuant to Section 6.02 of the Loan
Agreement.

     SECTION 3.04. Absence of Other Liens. The Collateral is owned by the Grantors free
and clear of any Lien, except as expressly permitted under Section 6.02 of the Loan Agreement.
Except for filings in respect of Liens permitted under Section 6.02 of the Loan Agreement, each
Grantor has not filed or consented to the filing of (a) any financing statement or analogous
document under the UCC or any other applicable laws covering any Collateral, (b) any assignment in
which any Grantor assigns any Collateral or any security agreement or similar instrument covering
any Collateral with the United States Patent and Trademark Office or the United States Copyright
Office, or (c) any assignment in which any Grantor assigns any Collateral or any security agreement
or similar instrument covering any Collateral with any foreign governmental, municipal or other
office, which financing statement or analogous document, assignment, security agreement or similar
instrument is still in effect, except, in each case, for Liens expressly permitted pursuant to the
Loan Documents and financing statements or

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analogous documents, assignments, security agreements or similar instruments which are to be
terminated substantially contemporaneously with the consummation of the Transactions.

     SECTION 3.05. Legal Name, Etc. 

          (a) The exact legal name of each Grantor, as such name appears in its respective certificate
of incorporation, certificate of formation or equivalent organizational document, is set forth in
Schedule 3.05(a). Each Grantor is (i) the type of entity disclosed next to its name in
Schedule 3.05(a) and (ii) a registered organization except to the extent disclosed in
Schedule 3.05(a). Also set forth in Schedule 3.05(a) is the organizational
identification number, if any, of each Grantor that is a registered organization, the Federal
Taxpayer Identification Number of each Grantor and the jurisdiction of formation of each Grantor.

          (b) Set forth in Schedule 3.05(b) hereto is a list of any other corporate or
organizational names each Grantor has had in the past five years, together with the date of the
relevant change.

          (c) Set forth in Schedule 3.05(c) is a list of all other names used by each Grantor,
or any other business or organization to which each Grantor became the successor by merger,
consolidation, acquisition, change in form, nature or jurisdiction of organization or otherwise, on
any filings with the Internal Revenue Service at any time during the past five years. Except as
set forth in Schedule 3.05(c), no Grantor has changed its jurisdiction of organization at
any time during the past four months.

     SECTION 3.06. Chief Executive Office. The chief executive office of each Grantor is
located at the address set forth in Schedule 3.06 hereto.

     SECTION 3.07. Extraordinary Transactions. Except for those purchases, acquisitions
and other transactions described in Schedule 3.07 attached hereto, all of the Collateral
has been originated by each Grantor in the ordinary course of business or consists of goods which
have been acquired by such Grantor in the ordinary course of business from a person in the business
of selling goods of that kind.

     SECTION 3.08. Instruments and Tangible Chattel Paper. Attached hereto as
Schedule 3.08 is a true and correct list of all promissory notes, instruments (other than
checks to be deposited in the ordinary course of business), tangible chattel paper, electronic
chattel paper and other evidence of indebtedness held by each Grantor as of July 7, 2009, including
all intercompany notes between or among any two or more Grantors or any of their Subsidiaries,
stating if such instruments, chattel paper or other evidence of indebtedness is pledged under this
Agreement.

     SECTION 3.09. Deposit Accounts. Attached hereto as Schedule 3.09 is a true
and complete list of all Deposit Accounts maintained by each Grantor, including the name of each
institution where each such account is held, the name of each such account, the name of each entity
that holds each account and stating if such account is required to be subject to a control
agreement pursuant to this Agreement and the reason for such account to be excluded from the
control agreement requirement.

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ARTICLE IV

COVENANTS

     SECTION 4.01. Change of Name; Location of Collateral; Records; Place of Business.

          (a) Each Grantor agrees to provide Collateral Agent with twenty (20) days’ prior written
notice with respect to any change (i) in its name, corporate structure or jurisdiction of
organization, (ii) in the location of its chief executive office, its principal place of business,
any office in which it maintains books or records relating to Collateral owned by it or any office
or facility at which Collateral owned by it is located (including the establishment of any such new
office or facility) or (iii) in its organizational identification number. Each Grantor agrees not
to effect or permit any change referred to in the preceding sentence unless all filings promptly
are made under the UCC or otherwise that are required in order for Collateral Agent to continue at
all times following such change to have a valid, legal and perfected Security Interest in all the
Collateral with the same priority as prior to such change. Each Grantor agrees promptly to notify
Collateral Agent if any material portion of the Collateral owned or held by such Grantor is damaged
or destroyed.

          (b) Each Grantor agrees to maintain, at its own cost and expense, such complete and accurate
records with respect to the Collateral owned by it as is consistent with its current practices and
in accordance with such prudent and standard practices used in industries that are the same as or
similar to those in which such Grantor is engaged, but in any event to include complete accounting
records indicating all payments and proceeds received with respect to Accounts, and at such time or
times as Collateral Agent may reasonably request (but not more frequently than monthly unless an
Event of Default has occurred or is continuing), promptly to prepare and deliver to Collateral
Agent a duly certified schedule or schedules in form and detail reasonably satisfactory to
Collateral Agent showing the identity, amount and location (which, in the case of Vessels, may be
approximate) of any and all Collateral.

     SECTION 4.02. Protection of Security. Each Grantor shall, at its own cost and
expense, take any and all actions necessary to defend title to the Collateral against all Persons
and to defend the Security Interest of Collateral Agent in the Collateral and the priority thereof
against any Lien not expressly permitted pursuant to the Loan Documents.

     SECTION 4.03. Maintenance of Collateral and Compliance with Laws.

          (a) Each Grantor shall keep and maintain at its own cost and consistent with its past
practices satisfactory and complete records of the Collateral, including, without limitation, a
record of all payments received and all credits granted with respect to the Accounts Receivable.

          (b) Except as otherwise expressly permitted by this Agreement or the other Loan Documents
(including, without limitation, Section 6.04 of the Loan Agreement), each Grantor agrees to keep
and maintain all equipment material to the operation of its business in good operating condition,
ordinary wear and tear excepted, and make or cause to be made all appropriate repairs, renewals and
replacements thereof, to the extent such equipment is not

13

 

obsolete and consistent with past practice of such Grantor, as quickly as practicable after
the occurrence of any loss or damage thereto which are necessary or reasonably desirable to such
end, except where the failure to do any of the foregoing would not result in a Material Adverse
Effect.

          (c) Each Grantor shall comply in all material respects with all federal, state and local laws,
rules, regulations and decrees applicable to the Collateral, provided that a Grantor may contest
the validity or applicability thereof in good faith by proper proceedings so long as such contest
will not have a Material Adverse Effect.

          (d) Each Grantor shall maintain and preserve each contract and agreement included within the
Collateral if the failure to do so would have a Material Adverse Effect, and will not amend or
modify any such material contract or agreement if the amendment or modification would materially
impair the value of the interest or rights of the Grantor thereunder.

          (e) Until satisfaction in full of the Obligations: (i) at any time when an Event of Default
has occurred and is continuing, each Grantor will perform any and all reasonable actions requested
by Collateral Agent to enforce Collateral Agent’s security interest in the Inventory and all of
Collateral Agent’s respective rights hereunder; (ii) at any time, if any Inventory (other than
In-Transit Inventory) is in the possession or control of any of the Grantors’ agents, contractors
or processors or any other third party, each such Grantor will notify Collateral Agent thereof and
will notify such agents, contractors or processors or third party of Collateral Agent’s security
interest therein and upon Collateral Agent’s request, use its commercially reasonable efforts to
obtain their acknowledgment thereof and, upon request, instruct them to hold all such Inventory for
Collateral Agent and such Grantor’s account, as their interests may appear, and subject to
Collateral Agent’s instructions; (iii) at any time when an Event of Default has occurred and is
continuing, Collateral Agent shall have the right to hold all Inventory subject to the Security
Interest granted hereunder; and (iv) at any time when an Event of Default has occurred and is
continuing, Collateral Agent shall have the right to take possession of the Inventory or any part
thereof and to maintain such possession on such Grantor’s premises or to remove any or all of the
Inventory to such other place or places as Collateral Agent desires in its sole discretion. If
Collateral Agent exercises its right to take possession of the Inventory, such Grantor, upon
Collateral Agent’s demand, will assemble the Inventory and make it available to Collateral Agent at
such Grantor’s premises at which it is located.

          (f) Each Grantor shall keep its place of business or chief executive office and the offices
where it keeps its records concerning the Accounts, and the offices where it keeps all originals of
all chattel paper which evidence Accounts, at the location or locations therefor specified in
Schedule 4.03(f) hereto or, upon fifteen (15) days’ prior written notice to Collateral
Agent, at such other locations in a jurisdiction where all actions required by Section 4.04
shall have been taken with respect to the Accounts. Each Grantor will hold and preserve such
records and chattel paper and will permit representatives of Collateral Agent to inspect and make
abstracts from such records and chattel paper in accordance with the terms of the Loan Agreement.

          (g) Except as otherwise provided in this subsection (g), each Grantor shall continue to
collect in accordance with its customary practice, at its own expense, all amounts due

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or to become due to such Grantor under the Accounts and, unless an Event of Default has
occurred and is continuing, such Grantor shall have the right to adjust, settle or compromise the
amount or payment of any Account, or release wholly or partly any Account Debtor or obligor
thereof, or allow any credit or discount thereon, all in accordance with its customary practices.
In connection with such collections, the Grantors may, upon the occurrence and during the
continuation of an Event of Default, take (and at the direction of Collateral Agent shall take)
such action as the Grantors or Collateral Agent may reasonably deem necessary or advisable to
enforce collection of the Accounts; provided, that upon written notice by Collateral Agent
to any Grantor, following the occurrence and during the continuation of an Event of Default, of its
intention so to do, Collateral Agent shall have the right to notify the Account Debtors or obligors
under any Accounts of the assignment of such Accounts to Collateral Agent and to direct such
Account Debtors or obligors to make payment of all amounts due or to become due to such Grantor
thereunder directly to Collateral Agent and, upon such notification and at the expense of such
Grantor, to enforce collection of any such Accounts, and to adjust, settle or compromise the amount
or payment thereof, in the same manner and to the same extent as such Grantor might have done.
After receipt by such Grantor of the notice referred to in the proviso to the preceding
sentence, and unless and until such notice is rescinded by Collateral Agent by written notice to
such Grantor, (i) all amounts and proceeds (including instruments) received by such Grantor in
respect of the Accounts shall be received in trust for the benefit of Collateral Agent hereunder,
shall be segregated from other funds of the Grantors and shall be forthwith paid over to Collateral
Agent in the same form as so received (with any necessary endorsement) to be held as cash
collateral and either (A) promptly released to the Grantors if such Event of Default shall have
been cured or waived or (B) if such Event of Default shall be continuing, applied as provided in
Section 6.02 hereof, and (ii) the Grantors shall not adjust, settle or compromise the
amount or payment of any Account, or release wholly or partly any Account Debtor or obligor
thereof, or allow any credit or discount thereon.

          (h) Each Grantor shall keep the Equipment and Inventory (other than any that is sold or
otherwise disposed of as permitted by any other Loan Document) at such locations in a jurisdiction
where all action required by Section 4.04 hereof shall have been taken to assure the
continuation of the perfection of the respective security interest of the Collateral Agent (for its
benefit and the ratable benefit of the Secured Parties) with respect to the Equipment and
Inventory.

     SECTION 4.04. Further Assurances. Each Grantor agrees, at its own expense, to execute,
acknowledge, deliver and cause to be duly filed all such further instruments and documents and take
all such actions as Collateral Agent may from time to time reasonably request to better assure,
preserve, protect and perfect the Security Interest and the rights and remedies created hereby,
including the payment of any fees and taxes required in connection with the execution and delivery
of this Agreement, the granting of the Security Interest and the filing of any financing statements
(including fixture filings) or other documents in connection herewith or therewith. If any amount
payable under or in connection with any of the Collateral shall be or become evidenced by any
promissory note or other instrument, such note or instrument shall be immediately pledged and
promptly delivered to Collateral Agent, duly endorsed in a manner satisfactory to Collateral Agent,
to the extent required by the Pledge Agreement. Each Grantor agrees that it will use its best
efforts to take such action as shall be necessary in order that all representations and warranties
hereunder shall be true and correct with respect to such Collateral

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within 30 days after the date it has been notified by Collateral Agent of the specific
identification of such Collateral.

     SECTION 4.05. Inspection and Verification. Collateral Agent and such Persons as
Collateral Agent may reasonably designate shall have the right, at the Grantors’ own cost and
expense, following the occurrence and during the continuance of an Event of Default, to contact
Account Debtors or any third Person possessing such Collateral for the purpose of verifying
Accounts. Collateral Agent shall maintain the confidentiality of any information it gains from
such inspection or verification except that information may be disclosed to the extent permitted by
the Loan Agreement.

     SECTION 4.06. Taxes; Encumbrances. The Grantors shall pay and discharge all taxes,
assessments, charges, fees or Liens at any time levied or placed on the Collateral or payable in
respect of the Collateral to the extent required by the Loan Agreement. At its option, Collateral
Agent may discharge all such Liens and all such taxes, assessments, charges or fees not being
contested in accordance with the preceding sentence, and may pay for the maintenance and
preservation of the Collateral, in each case to the extent any Grantor fails to do so as required
by this Agreement or any other Loan Document, and each Grantor jointly and severally agrees to
reimburse Collateral Agent on demand for any payment made or any expense incurred by it pursuant to
the foregoing authorization; provided, however, that nothing in this Section
4.06 shall be interpreted as excusing any Grantor from the performance of, or imposing any
obligation on Collateral Agent or any Secured Party to cure or perform, any covenants or other
promises of any Grantor with respect to taxes, assessments, charges, fees or Liens and maintenance
as set forth herein or in the other Loan Documents.

     SECTION 4.07. Assignment of Security Interest. If at any time any Grantor shall take
a security interest in any property of an Account Debtor or any other Person to secure payment and
performance of an Account, such Grantor shall promptly assign such security interest, to Collateral
Agent. Such assignment need not be filed of public record unless necessary to continue the
perfected status of the security interest against creditors of and transferees from the Account
Debtor or other Person granting the security interest.

     SECTION 4.08. Continuing Obligations of the Grantors. Each Grantor shall remain
liable to observe and perform all the conditions and obligations to be observed and performed by it
under each contract, agreement or instrument relating to the Collateral, all in accordance with the
terms and conditions thereof, and each Grantor jointly and severally agrees to indemnify and hold
harmless Collateral Agent and the Secured Parties from and against any and all liability for such
performance in accordance with the Loan Agreement.

     SECTION 4.09. Use and Disposition of Collateral. None of the Grantors shall make or
permit to be made an assignment, pledge or hypothecation of the Collateral or shall grant any other
Lien in respect of the Collateral, except as expressly permitted by the Loan Documents. None of
the Grantors shall make or permit to be made any transfer of the Collateral and each Grantor shall
remain at all times in possession of the Collateral owned by it, except that (a) Inventory may be
sold in the ordinary course of business consistent with past practice and (b) Grantors may dispose
of Collateral to the extent permitted by the Loan Agreement. Without limiting the generality of the
foregoing, each Grantor agrees that it will promptly notify

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Collateral Agent in the event any warehouseman, bailee, agent or processor issues to a Grantor
a negotiable warehouse receipt or other negotiable document with respect to Inventory having an
aggregate value in excess of $250,000 and will use its best efforts to cause Collateral Agent to
have perfected Liens therein.

     SECTION 4.10. Insurance. Grantors will maintain or will cause to be maintained on
their behalves policies of property and casualty insurance covering the Collateral in accordance
with the Loan Agreement.

     SECTION 4.11. Legend. Upon the request of Collateral Agent following the occurrence
and during the continuance of an Event of Default, each Grantor shall legend, in form and manner
satisfactory to Collateral Agent, its Accounts and any invoices evidencing or pertaining thereto
with an appropriate reference to the fact that such Accounts have been assigned to Collateral Agent
for the benefit of the Secured Parties and that Collateral Agent has a security interest therein.

     SECTION 4.12. Covenants Regarding Accounts.

          (a) Each Grantor hereby covenants to Collateral Agent and the Lenders, with respect to such
Grantor’s Accounts, that: (i) each existing Account represents, and each future Account will
represent, a bona fide sale or lease and delivery of goods by such Grantor, or rendition of
services by such Grantor, in the ordinary course of such Grantor’s business; (ii) each existing
Account is, and each future Account will be, for a liquidated amount payable by the Account Debtor
thereon on the terms set forth in the invoice therefor or in the schedule thereof delivered to
Collateral Agent, without any offset, deduction, defense, or counterclaim except those known to
such Grantor and disclosed to Collateral Agent and the Lenders pursuant to this Agreement or to the
extent permitted under the Loan Agreement; (iii) no payment will be received with respect to any
Account, and no credit, discount, or extension, or agreement therefor will be granted on any
Account, except as reported to Collateral Agent and the Lenders in Borrowing Base Certificates
delivered in accordance with the Loan Agreement or to the extent otherwise permitted under the Loan
Agreement; and (iv) each copy of an invoice delivered to Collateral Agent by such Grantor will be a
genuine copy of the original invoice sent to the Account Debtor named therein.

          (b) No Grantor shall re-date any invoice or sale or make sales on extended dating beyond that
customary in such Grantor’s business or modify any Account, except in accordance with the Loan
Agreement.

          (c) If any Grantor shall accept any note or other instrument (except a check or other
instrument for the immediate payment of money) with respect to any Account, it shall be considered
as evidence of the Account and not payment thereof and, to the extent required by the Pledge
Agreement, such Grantor will promptly deliver such instrument to Collateral Agent, endorsed by such
Grantor to Collateral Agent in a manner satisfactory in form and substance to Collateral Agent.
Regardless of the form of presentment, demand, notice of protest with respect thereto, such Grantor
shall remain liable thereon until such instrument is paid in full.

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          (d) The Collateral Agent may at all times when an Event of Default exists hereunder, settle or
adjust disputes and claims directly with Account Debtors for amounts and upon terms which
Collateral Agent or the Required Lenders, as applicable, shall consider advisable and, in all
cases, Collateral Agent will credit such Grantor’s Loan Account with the net amounts received by
Collateral Agent in payment of any Accounts.

          (e) In the event any Account Debtor returns Inventory to such Grantor when an Event of Default
exists, such Grantor, upon the request of Collateral Agent, shall: (i) hold the returned Inventory
in trust for Collateral Agent; (ii) segregate all returned Inventory from all of its other
property; (iii) dispose of the returned Inventory solely according to Collateral Agent’s written
instructions; and (iv) not issue any credits or allowances with respect thereto without Collateral
Agent’s prior written consent. All returned Inventory shall be subject to Collateral Agent’s
Security Interest thereon.

     SECTION 4.13. Covenants Regarding Collection Of Accounts; Payments.

          (a) Borrowers and the other Grantors will promptly deposit and shall direct their respective
account debtors to directly remit all payments of Accounts and other Receivables and all payments
constituting proceeds of Inventory or other Collateral in the identical form in which such payments
are made into a Payment Account, lockboxes and related accounts or other accounts in which
Collateral Agent has a perfected security interest and that are subject to a duly executed and
delivered Deposit Account Control Agreement (each a “Blocked Account”). Each Borrower and
each other Grantor agrees that, to the extent provided by the Loan Agreement, all payments made to
such Blocked Accounts or other funds received and collected by Collateral Agent or any Lender,
whether in respect of the Accounts or other Receivables, as proceeds of Inventory or other
Collateral or otherwise shall be treated as payments to Collateral Agent and Lenders in respect of
the Obligations and therefore shall constitute the property of Collateral Agent and Lenders to the
extent of the then outstanding Obligations. Each Grantor shall make collection of all Accounts and
other Collateral for Collateral Agent, shall receive all payments as Collateral Agent’s trustee,
and shall immediately deliver all payments in their original form duly endorsed in blank into a
Blocked Account established for the account of such Grantor at a bank acceptable to Collateral
Agent, subject to a Deposit Account Control Agreement. Within sixty (60) days from the date
hereof, Grantors shall establish a lock-box service for collections of Accounts at a bank
acceptable to Collateral Agent and subject to a Deposit Account Control Agreement and other
documentation acceptable to Collateral Agent. Grantors shall instruct all Account Debtors to make
all payments directly to the address established for such service. If, notwithstanding such
instructions, a Grantor receives any proceeds of Accounts, it shall receive such payments as
Collateral Agent’s trustee, and shall immediately deliver such payments to Collateral Agent in
their original form duly endorsed in blank or deposit them into a Blocked Account, as Collateral
Agent may direct. All collections received in any lock-box or Blocked Account or directly by any
Grantor or Collateral Agent, and all funds in any Blocked Account or other account to which such
collections are deposited shall, during each Cash Dominion Trigger Period and at all times at which
an Event of Default exists, be subject to Collateral Agent’s sole control and withdrawals by such
Grantor shall not be permitted; provided, that Collateral Agent shall not deliver to any bank at
which a Blocked Account is maintained a notice of control with respect to any such Blocked Account
other than during a Cash Dominion Trigger Period or at a time at which an Event of Default exists.
The Collateral Agent or Collateral Agent’s designee

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may, at any time after the occurrence and during the continuance of an Event of Default,
notify Account Debtors that the Accounts have been assigned to Collateral Agent and of Collateral
Agent’s security interest therein, and may collect them directly and charge the collection costs
and expenses to the Loan Account as a Revolving Loan. So long as an Event of Default has occurred
and is continuing, each Grantor, at Collateral Agent’s request, shall execute and deliver to
Collateral Agent such documents as Collateral Agent shall require to grant Collateral Agent access
to any post office box in which collections of Accounts are received.

          (b) If sales of Inventory are made or services are rendered for cash, Grantors shall promptly
deposit into a Payment Account an amount of cash equal to the cash which Grantors receive.

          (c) Notwithstanding any provision to the contrary in this Agreement, (i) petty cash Deposit
Accounts maintained by any Grantor that do not at any time have amounts on deposit in excess of
$50,000 individually and $500,000 in the aggregate for all such petty cash Deposit Accounts and
(ii) Deposit Accounts of any Grantor that are exclusively for the purpose of payroll or employee
benefits, in each case of clause (i) and (ii), shall not be required to become Blocked Accounts.

     SECTION 4.14. Covenants Regarding Inventory Collateral; Perpetual Inventory
Collateral.

          (a) Each Grantor represents and warrants to Collateral Agent and the Lenders and agrees with
Collateral Agent and the Lenders that all of the Inventory owned by such Grantor is and will be
held for sale or lease, or to be furnished in connection with the rendition of services, in the
ordinary course of such Grantor’s business, and is and will be fit for such purposes. Each Grantor
will keep its Inventory in good and marketable condition, except for damaged or defective goods
arising in the ordinary course of such Grantor’s business. Each Grantor will not, except in the
ordinary course of business and consistent with its past practices, acquire or accept any Inventory
on consignment or approval. Each Grantor agrees that all Inventory produced by such Grantor in the
United States of America will be produced in accordance with the Federal Fair Labor Standards Act
of 1938, as amended, and all rules, regulations, and orders thereunder. Each Grantor will maintain
a perpetual inventory reporting system at all times. Each Grantor will not, without Collateral
Agent’s written consent, sell any Inventory on a bill-and-hold, guaranteed sale, sale and return,
sale on approval, consignment, or other repurchase or return basis.

          (b) In connection with all Inventory financed by Letters of Credit, each Grantor will, at
Collateral Agent’s request, instruct all suppliers, carriers, forwarders, customs brokers,
warehouses or others receiving or holding cash, checks, Inventory, Documents or Instruments in
which Collateral Agent holds a security interest to deliver them to Collateral Agent and/or subject
to Collateral Agent’s order, and if they shall come into such Grantor’s possession, to deliver
them, upon request, to Collateral Agent in their original form. Each Grantor shall also, at
Collateral Agent’s request, designate Collateral Agent as the consignee on all bills of lading and
other negotiable and non-negotiable documents.

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     SECTION 4.15. Covenants Regarding Documents, Instruments, and Chattel Paper. Each
Grantor represents and warrants to Collateral Agent and the Lenders that (a) all documents,
instruments, and chattel paper describing, evidencing, or constituting Collateral are and will be
complete, valid, and genuine, (b) all goods evidenced by such documents, instruments,
letter-of-credit rights and chattel paper are and will be owned by the Grantor, free and clear of
all Liens other than Permitted Liens and, (c) if requested by the Collateral Agent, each Instrument
and each item of Tangible Chattel Paper has been properly endorsed, assigned and delivered to the
Collateral Agent, accompanied by instruments of transfer or assignment duly executed in blank. If
any Grantor retains possession of any chattel paper or instruments constituting Collateral with
Collateral Agent’s consent, such chattel paper and instruments shall be marked with the following
legend: “This writing and the obligations evidenced or served hereby are subject to the security
interest of Bank of America, N.A., as Agent, for the benefit of Agent and certain Lenders.”

     SECTION 4.16. Covenants Regarding Patent, Trademark and Copyright Collateral.

          (a) Each Grantor agrees that it will not, nor will it permit any of its licensees to,
knowingly do any act, or omit to do any act, whereby any Patent which is material to the conduct of
such Grantor’s business may become invalidated or dedicated to the public, and agrees that,
consistent with its past practices, it shall continue to mark any products covered by a Patent with
the relevant patent number as necessary and sufficient to establish and preserve its maximum rights
under applicable patent laws.

          (b) Each Grantor (either itself or through its licensees or its sublicensees) will, for each
Trademark material to the conduct of such Grantor’s business, (i) maintain such Trademark in full
force free from any claim of abandonment or invalidity for non-use, (ii) maintain the quality
standard of products and services offered under such Trademark, (iii) as applicable, display such
Trademark with notice of Federal or foreign registration to the extent necessary and sufficient to
establish and preserve its maximum rights under applicable law, and (iv) not use or knowingly
permit the use of such Trademark in violation of any third party rights, in each case in a manner
reasonably consistent with its past practices.

          (c) Each Grantor (either itself or through licensees) will, for each work covered by a
material Copyright, continue to publish, reproduce, display, adopt and distribute the work with
appropriate copyright notice as necessary and sufficient to establish and preserve its maximum
rights under applicable copyright laws in a manner reasonably consistent with its past practices.

          (d) No Grantor will knowingly do any act, or omit to do any act, whereby any Patent, Trademark
or Copyright that is material to the conduct of such Grantor’s business may become abandoned, lost
or dedicated to the public. Each Grantor shall notify the Collateral Agent immediately if it knows
or has reason to know that any Patent, Trademark or Copyright material to the conduct of its
business may become abandoned, lost or dedicated to the public, or of any adverse determination or
development (including the institution of, or any such determination or development in, any
proceeding in the United States Patent and Trademark Office, United States Copyright Office or any
court or similar office of any country) regarding

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such Grantor’s ownership of any Patent, Trademark or Copyright, its right to register the
same, or to keep and maintain the same.

          (e) In the event any Grantor, either itself or through any agent, employee, licensee or
designee, files an application for any Patent, Trademark or Copyright (or for the registration of
any Trademark or Copyright) with the United States Patent and Trademark Office, United States
Copyright Office or any office or agency in any political subdivision of the United States, at the
end of each fiscal quarter, such Grantor shall promptly inform the Collateral Agent of such filing,
and such Grantor shall execute, deliver and file with the United States Patent and Trademark Office
or United States Copyright Office, as applicable, a Trademark Security Agreement, a Patent Security
Agreement or a Copyright Security Agreement, as applicable, and any other documents and papers as
the Collateral Agent may reasonably request to evidence and perfect the Collateral Agent’s Security
Interest in such Patent, Trademark or Copyright, and each Grantor hereby appoints the Collateral
Agent as its attorneys-in-fact to execute and file such writings for the foregoing purposes, all
acts of such attorneys being hereby ratified and confirmed; such power, being coupled with an
interest, is irrevocable.

          (f) Each Grantor will take all reasonably necessary steps that are consistent with the
applicable practice in any proceeding before any relevant office or agency, such as the United
States Patent and Trademark Office, the United States Copyright Office or any office or agency in
any political subdivision of the United States or in any foreign country, to maintain and pursue
each application relating to the Patents, Trademarks and/or Copyrights that is material to the
conduct of any Grantor’s business (and to obtain the relevant grant or registration) and to
maintain each issued Patent and each registration of the Trademarks and Copyrights that is material
to the conduct of any Grantor’s business, including timely filings of applications for renewal,
affidavits of use, affidavits of incontestability and payment of maintenance fees and, if
consistent with good business judgment, to initiate opposition, interference and cancellation
proceedings against third parties.

          (g) In the event that any Grantor has reason to believe that any Collateral consisting of a
Patent, Trademark or Copyright material to the conduct of any Grantor’s business has been or is
about to be infringed, misappropriated or diluted by a third party, such Grantor promptly shall
notify the Collateral Agent and shall, if consistent with good business judgment, promptly take
appropriate action to end such infringement, misappropriation or dilution, and take such other
action as is appropriate under the circumstances to protect such Collateral.

          (h) Upon and during the continuance of an Event of Default, each Grantor shall use its best
efforts to obtain all requisite consents or approvals from the licensor of each Copyright License,
Patent License or Trademark License that is material to the conduct of any Grantor’s business to
effect the assignment of all of such Grantor’s right, title and interest thereunder to the
Collateral Agent or its designee.

          (i) Each Grantor will perform all acts and execute and deliver all further instruments and
documents, including, without limitation, conditional assignments for security in form suitable for
filing with the United States Patent and Trademark Office, and the United States Copyright Office,
respectively, reasonably requested by Collateral Agent at any time to evidence, perfect, maintain,
record and enforce the Collateral Agent’s interests in all material

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Trademarks, Patents and Copyrights or otherwise in furtherance of the provisions of this
Agreement, and each Grantor hereby authorizes the Collateral Agent to execute and file one or more
accurate financing statements (and similar documents) or copies thereof or of this Security
Agreement with respect to material Patents, Trademarks and Copyrights signed only by the Collateral
Agent.

          (j) Each Grantor will, upon acquiring knowledge of any use by any person of any term or design
reasonably likely to cause confusion with any material Trademark, promptly notify the Collateral
Agent of such use, and if requested by Collateral Agent at such Grantor’s expense, take such action
as Collateral Agent, in its reasonable discretion, may deem advisable for the protection of the
Collateral Agent’s interests in and to the Trademarks; provided that the foregoing in this
clause (j) shall not prohibit any Grantor from taking such action as such Grantor, in its
reasonable discretion, may independently deem advisable for the protection of its and the
Collateral Agent’s interests in and to the Trademarks prior to any such request by Collateral
Agent.

     SECTION 4.17. Covenant Regarding Commercial Tort Claims. As of the date hereof, each
Grantor hereby represents and warrants that it holds no Commercial Tort Claims other than those
listed in Schedule 4.17 hereto. If any Grantor shall at any time hold or acquire a
Commercial Tort Claim, such Grantor shall immediately notify the Collateral Agent in writing signed
by such Grantor of the brief details thereof and grant to the Collateral Agent in such writing a
security interest therein and in the Proceeds thereof, all upon the terms of this Agreement, with
such writing to be in form and substance reasonably satisfactory to the Collateral Agent. The
requirement in the preceding sentence shall not apply to the extent that the amount of such
Commercial Tort Claim, together with the amount of all other Commercial Tort Claims held by any
Grantor in which the Collateral Agent does not have a security interest, does not exceed $1,000,000
in the aggregate for all Grantors.

ARTICLE V

POWER OF ATTORNEY

     Each Grantor irrevocably makes, constitutes and appoints Collateral Agent (and all officers,
employees or agents designated by Collateral Agent) as such Grantor’s true and lawful agent and
attorney-in-fact (which appointments shall be irrevocable and coupled with an interest subject to
the terms of this Agreement), and in such capacity Collateral Agent shall have the right, with
power of substitution for each Grantor and in each Grantor’s name or otherwise, for the use and
benefit of Collateral Agent and the relevant Secured Parties, upon the occurrence and during the
continuance of an Event of Default, to take any action and to execute any instrument Collateral
Agent may reasonably deem advisable to accomplish the purposes of this Agreement, including,
without limitation, (a) to receive, endorse, assign and/or deliver any and all notes, acceptances,
checks, drafts, money orders or other evidences of payment relating to the Collateral or any part
thereof; (b) to demand, collect, receive payment of, give receipt for and give discharges and
releases of all or any of the Collateral; (c) to sign the name of any Grantor on any invoice or
bill of lading relating to any of the Collateral; (d) to send verifications of Accounts to any
Account Debtor; (e) to commence and prosecute any and all suits, actions or

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proceedings at law or in equity in any court of competent jurisdiction, or to take any other
action which Collateral Agent may deem necessary or desirable to collect or otherwise realize on
all or any of the Collateral or to enforce any rights in respect of any Collateral; (f) to settle,
compromise, compound, adjust or defend any actions, suits or proceedings relating to all or any of
the Collateral; (g) to notify, or to require any Grantor to notify Account Debtors to make payment
directly to Collateral Agent; and (h) to use, sell, assign, transfer, pledge, make any agreement
with respect to or otherwise deal with all or any of the Collateral, and to do all other acts and
things reasonably necessary to carry out the purposes of this Agreement, as fully and completely as
though Collateral Agent were the absolute owner of the Collateral for all purposes;
provided, however, that nothing herein contained shall be construed as requiring or
obligating Collateral Agent or any Secured Party to make any commitment or to make any inquiry as
to the nature or sufficiency of any payment received by Collateral Agent or any Secured Party, or
to present or file any claim or notice, or to take any action with respect to the Collateral or any
part thereof or the monies due or to become due in respect thereof or any property covered thereby,
and no action taken or omitted to be taken by Collateral Agent or any Secured Party with respect to
the Collateral or any part thereof shall give rise to any defense, counterclaim or offset in favor
of any Grantor or to any claim or action against Collateral Agent or any Secured Party. It is
understood and agreed that the appointment of Collateral Agent as the agent and attorney-in-fact of
the Grantors for the purposes set forth above is coupled with an interest and is irrevocable
subject to the terms of this Agreement. The provisions of this Article shall in no event relieve
any Grantor of any of its obligations hereunder or under any other Loan Document with respect to
the Collateral or any part thereof or impose any obligation on Collateral Agent or any Secured
Party to proceed in any particular manner with respect to the Collateral or any part thereof, or in
any way limit the exercise by Collateral Agent or any Secured Party of any other or further right
which they may have on the date of this Agreement or hereafter, whether hereunder, under any other
Loan Document, by law or otherwise.

ARTICLE VI

REMEDIES

     SECTION 6.01. Remedies Upon Default.

          (a) Upon the occurrence and during the continuance of an Event of Default, each Grantor agrees
to deliver or make available each item of Collateral to Collateral Agent on demand, at the
Collateral item’s then current location or, to the extent possible, at an alternate location
reasonably convenient to the applicable Grantor and Collateral Agent, and it is agreed that
Collateral Agent shall have the right to take any or all of the following actions at the same or
different times: (i) require each Grantor to, and each Grantor hereby agrees that it will at its
expense and upon request of Collateral Agent forthwith, assemble all or part of the Collateral as
directed by Collateral Agent and make it available to Collateral Agent at a place to be designated
by Collateral Agent which is reasonably convenient to both parties, (ii) with respect to any
Collateral consisting of Intellectual Property, on demand, to (A) cause the Security Interest to
become an assignment, transfer and conveyance of any of or all such Collateral by the applicable
Grantors to the Collateral Agent, or to license or sublicense, whether general, special or
otherwise, and whether on an exclusive or non-exclusive basis, any such Collateral on such terms

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and conditions and in such manner as the Collateral Agent shall determine, (B) instruct the
Grantors not to make any further use of the Patents, Copyrights or Trademarks or any mark similar
thereto for any purpose to the extent that such use would be inconsistent with the exercise by the
Collateral Agent of any other remedies under this Section 6.01, (C) in the event of any
license, assignment, sale or other disposition of the Collateral, or any of it, commenced in
accordance with this Section 6.01, require each Grantor to supply to the Collateral Agent
or its designee its know-how and expertise relating to the Trademarks, Patents or Copyrights, and
records relating to the Trademarks, Patents or Copyrights, and (D) at any time, pursuant to the
authority granted in Article V hereof, execute and deliver on behalf of the Grantors one or more
instruments of assignment of any of the Trademarks, Patents or Copyrights (or any application of
registration thereof), in form suitable for filing, recording or registration in any country in
order to implement the assignment, sale or other disposal of any of the Trademarks, Patents or
Copyrights; (iii) without assuming any obligations or liability thereunder, enforce (it being
understood that the Collateral Agent shall have the exclusive right to so enforce) all rights and
remedies of the Grantors against any licensee or sublicensee in, to and under any license
agreements with respect to the Collateral, and take or refrain from taking any action under any
thereof, and each of the Grantors hereby releases the Collateral Agent from, and agrees to hold the
Collateral Agent free and harmless from and against any claims arising out of, any action taken or
omitted to be taken with respect to any such license agreement top the extent provided in the Loan
Agreement; and (iv) with or without legal process and with or without prior notice or demand for
performance, to take possession of the Collateral and without liability for trespass to enter any
premises owned by a Grantor where the Collateral may be located for the purpose of taking
possession of or removing the Collateral and, generally, to exercise any and all rights afforded to
a secured party under the UCC or other applicable law.

          (b) Without limiting the generality of the foregoing, each Grantor agrees that Collateral
Agent shall have the right, subject to the mandatory requirements of applicable law, to sell or
otherwise dispose of all or any part of the Collateral, at public or private sale or at any
broker’s board, on any securities exchange or in the over-the-counter market, for cash, upon credit
or for future delivery as Collateral Agent shall deem appropriate. Collateral Agent shall be
authorized at any such sale (if it deems it advisable to do so) to restrict the prospective bidders
or purchasers to Persons who will represent and agree that they are purchasing the Collateral for
their own account for investment and not with a view to the distribution or sale thereof, and upon
consummation of any such sale Collateral Agent shall have the right to assign, transfer and deliver
to the purchaser or purchasers thereof the Collateral so sold. Each such purchaser at any such sale
shall hold the property sold absolutely, free from any claim or right on the part of any Grantor,
and each Grantor hereby waives (to the fullest extent permitted by law) all rights of redemption,
stay and appraisal which such Grantor now has or may at any time in the future have under any rule
of law or statute now existing or hereafter enacted.

          (c) Each Grantor agrees that, to the extent notice of any such sale shall be required by law,
at least ten (10) days’ notice to the applicable Grantor of Collateral Agent’s intention to make
any sale of Collateral shall constitute reasonable notification. Such notice, in the case of a
public sale, shall state the time and place for such sale and, in the case of a sale at a broker’s
board or on a securities exchange, shall state the board or exchange at which such sale is to be
made and the day on which the Collateral, or portion thereof, will first be offered for sale at
such board or exchange. Any such public sale shall be held at such time or times within ordinary

24

 

business hours and at such place or places as Collateral Agent may fix and state in the notice
(if any) of such sale. At any such sale, the Collateral, or portion thereof, to be sold may be sold
in one lot as an entirety or in separate parcels, as Collateral Agent may (in its sole and absolute
discretion) determine. Collateral Agent shall not be obligated to make any sale of any Collateral
if it shall determine not to do so, regardless of the fact that notice of sale of such Collateral
shall have been given. Collateral Agent may, without notice or publication, adjourn any public or
private sale or cause the same to be adjourned from time to time by announcement at the time and
place fixed for sale, and such sale may, without further notice, be made at the time and place to
which the same was so adjourned. In case any sale of all or any part of the Collateral is made on
credit or for future delivery, the Collateral so sold may be retained by Collateral Agent until the
sale price is paid by the purchaser or purchasers thereof, but Collateral Agent shall not incur any
liability in case any such purchaser or purchasers shall fail to take up and pay for the Collateral
so sold and, in case of any such failure, such Collateral may be sold again upon like notice. At
any public (or, to the extent permitted by law, private) sale made pursuant to this Section, any
Secured Party may bid for or purchase, free from any right of redemption, stay, valuation or
appraisal on the part of any Grantor (all said rights being also hereby waived and released to the
fullest extent permitted by law), the Collateral or any part thereof offered for sale and may make
payment on account thereof by using any Obligation then due and payable to such Secured Party from
any Grantor as a credit against the purchase price, and such Secured Party may, upon compliance
with the terms of sale, hold, retain and dispose of such property without further accountability to
any Grantor therefor. For purposes hereof a written agreement to purchase the Collateral or any
portion thereof shall be treated as a sale thereof; Collateral Agent shall be free to carry out
such sale pursuant to such agreement and no Grantor shall be entitled to the return of the
Collateral or any portion thereof subject thereto, notwithstanding the fact that after Collateral
Agent shall have entered into such an agreement, all Events of Default shall have been remedied and
the Obligations paid in full. As an alternative to exercising the power of sale herein conferred
upon it, Collateral Agent may proceed by a suit or suits at law or in equity to foreclose on this
Agreement and to sell the Collateral or any portion thereof pursuant to a judgment or decree of a
court or courts having competent jurisdiction or pursuant to a proceeding by a court-appointed
receiver.

          (d) The foregoing rights and remedies are in addition to and not in limitation of the rights
and remedies under the Loan Agreement. In the event that any term or provision of this Section
6.01 is in conflict with any term or provision of the Loan Agreement, the term or provision of
the Loan Agreement shall control.

     SECTION 6.02. Application of Proceeds. Each Grantor further agrees that Collateral
Agent may apply any proceeds in accordance with Section 2.11(e) of the Loan Agreement.

     SECTION 6.03. Grant of License to Use Intellectual Property. For the purpose of
enabling Collateral Agent to exercise rights and remedies under this Article at such time as
Collateral Agent shall be lawfully entitled to exercise such rights and remedies, each Grantor
hereby grants to Collateral Agent an irrevocable, non-exclusive license (exercisable without
payment of royalty or other compensation to the Grantors) to use, license or sub-license
Intellectual Property now owned or hereafter acquired by such Grantor, and wherever the same may be
located, and including in such license reasonable access to all media in which any of the licensed
items may be recorded or stored and to all computer software and programs used for the

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compilation or printout thereof. The use of such license by Collateral Agent shall be
exercised at the option of Collateral Agent for the purpose of enabling Collateral Agent to
exercise rights and remedies under this Article at such time as Collateral Agent shall be lawfully
entitled to exercise such rights and remedies; provided that any license, sub-license or
other transaction entered into by Collateral Agent in accordance herewith shall be binding upon the
Grantors notwithstanding any subsequent cure of the applicable Event of Default.

ARTICLE VII

MISCELLANEOUS

     SECTION 7.01. Security Interest Absolute. All rights of Collateral Agent hereunder,
the Security Interest and all obligations of the Grantors hereunder shall be absolute and
unconditional irrespective of (a) any lack of validity or enforceability of any Loan Document, any
agreement with respect to any of the Obligations or any other agreement or instrument relating to
any of the foregoing, (b) any change in the time, manner or place of payment of, or in any other
term of, all or any of the Obligations, or any other amendment to or waiver of or any consent to
any departure from any Loan Document, or any other agreement or instrument, (c) any exchange,
release or non-perfection of any Lien on other collateral, or any release or amendment or waiver of
or consent under or departure from any guarantee, securing or guaranteeing all or any of the
Obligations or (d) any other circumstance that might otherwise constitute a defense available to,
or a discharge of, any Grantor in respect of the Obligations or this Agreement.

     SECTION 7.02. Notices. Notices and other communications provided for herein shall be
in the manner and at the addresses set forth in, and otherwise in accordance with, Section 9.02 of
the Loan Agreement. If any notification of intended disposition of any of the Collateral or of any
other act by Collateral Agent is required by law and a specific time period is not stated therein
or herein, such notification given at least ten (10) days before such disposition or act shall be
deemed reasonably and properly given.

     SECTION 7.03. Waivers; Amendment. No amendment or waiver of any provision of this
Agreement or any other Loan Document, and no consent with respect to any departure by any Grantor
therefrom, shall be effective unless such amendment, modification, or consent is in writing, signed
by the Agent and the Grantors, and then any such amendment, waiver, or consent shall be effective
only in the specific instance and for the specific purpose for which given.

     SECTION 7.04. Collateral Agent’s Fees and Expenses; Indemnification.

          (a) Without duplication of any amounts payable pursuant to Section 9.04 of the Loan Agreement,
each Grantor jointly and severally agrees to pay upon demand to Collateral Agent the amount of any
and all reasonable out-of-pocket expenses, disbursements and other charges of their counsel
(including, without limitation, local and special counsel) and of any experts or agents, which
Collateral Agent may incur in connection with (i) the administration of this Agreement, (ii) the
custody or preservation of, or the sale of, collection from or other realization upon any of the
Collateral, (iii) the exercise, enforcement or protection of any of the

26

 

rights of Collateral Agent hereunder, or (iv) the failure of any Grantor to perform or observe
any of the provisions hereof.

          (b) Without limitation of its indemnification obligations under the other Loan Documents, but
without duplication of any amounts payable pursuant to Section 9.04 of the Loan Agreement, each
Grantor jointly and severally agrees to indemnify Collateral Agent, the Secured Parties and their
Indemnitees against, and hold each of them harmless from, any and all losses, claims, damages,
liabilities and related expenses, including reasonable fees, disbursements and other charges of
counsel, incurred by or asserted against any of them arising out of, in any way connected with, or
as a result of, the execution, delivery or performance of this Agreement or any claim, litigation,
investigation or proceeding relating hereto or to the Collateral, whether or not any Indemnitee is
a party thereto; provided that such indemnity shall not, as to any such 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.

          (c) Except as otherwise provided in Section 7.13, any such amounts payable as provided
hereunder shall be additional Obligations secured hereby and by the other Collateral Documents. The
provisions of this Section shall remain operative and in full force and effect regardless of the
termination of this Agreement or any other Loan Document, the consummation of the transactions
contemplated thereby, the repayment of any of the Obligations, the invalidity or unenforceability
of any term or provision of this Agreement or any other Loan Document or any investigation made by
or on behalf of Collateral Agent or any Secured Party. All amounts due under this Section shall be
payable on written demand therefor given in accordance with Section 7.02 hereof.

     SECTION 7.05. Successors and Assigns. The provisions of this Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns, except that the Grantors may not assign or otherwise transfer any of their rights or
obligations hereunder without the prior written consent of the Collateral Agent (and any attempted
assignment or transfer by the Grantors without such consent 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 and their respective successors and assigns permitted hereby) any legal or equitable
right, remedy or claim under or by reason of this Agreement.

     SECTION 7.06. Survival. All covenants, agreements, representations and warranties
made by the Grantors herein and in the certificates or other instruments delivered in connection
with or pursuant to this Agreement shall be considered to have been relied upon by the other
parties hereto and shall survive the execution and delivery of this Agreement and the making of the
Loans regardless of any investigation made by any such other party or on its behalf and
notwithstanding that the Collateral Agent or any Lender may have had notice or knowledge of any
Default or incorrect representation or warranty at the time any credit is extended under the Loan
Agreement, and shall continue in full force and effect until this Agreement shall terminate. The
provisions of Section 7.04 shall survive and remain in full force and effect regardless of
the consummation of the transactions contemplated hereby, the repayment of the Loans or the
termination of this Agreement or any provision hereof.

27

 

     SECTION 7.07. Counterparts; Integration; Effectiveness. This Agreement may be
executed in counterparts (and by different parties hereto on different counterparts), each of which
shall constitute an original, but all of which when taken together shall constitute a single
contract. This Agreement constitutes the entire contract among the parties relating to the subject
matter hereof and supersedes any and all previous agreements and understandings, oral or written,
relating to the subject matter hereof. This Agreement shall become effective as to any Grantor
when a counterpart hereof executed on behalf of such Grantor shall have been delivered to the
Collateral Agent. Delivery of an executed counterpart of a signature page of this Agreement by
telecopy or email shall be effective as delivery of a manually executed counterpart of this
Agreement. This Agreement shall be construed as a separate agreement with respect to each Grantor
and may be amended, modified, supplemented, waived or released with respect to any Grantor without
the approval of any other Grantor and without affecting the obligations of any other Grantor
hereunder.

     SECTION 7.08. Severability. Any provision of this Agreement held to be invalid,
illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such invalidity, illegality or unenforceability without affecting the validity, legality
and enforceability of the remaining provisions hereof; and the invalidity of a particular provision
in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

     SECTION 7.09. Governing Law; Jurisdiction; Consent to Service of Process.

          (a) This Agreement shall be construed in accordance with and governed by the internal laws of
the State of New York, without giving effect to any conflict of law principles.

          (b) The Grantors hereby irrevocably and unconditionally submit, for themselves and their
property, to the nonexclusive jurisdiction of the Supreme Court of the State of New York sitting in
New York County and of the United States District Court of the Southern District of New York, and
any appellate court from any thereof, in any action or proceeding arising out of or relating to
this Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto
hereby 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 or, to the extent permitted by 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 shall affect any right
that the Collateral Agent, or any Lender may otherwise have to bring any action or proceeding
relating to this Agreement against the Grantors or their properties in the courts of any
jurisdiction.

          (c) The Grantors hereby irrevocably and unconditionally waive, to the fullest extent they may
legally and effectively do so, any objection which they may now or hereafter have to the laying of
venue of any suit, action or proceeding arising out of or relating to this Agreement in any court
referred to in paragraph (b) of this Section. Each of the parties hereto hereby irrevocably
waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such court.

28

 

          (d) Each party to this Agreement irrevocably consents to service of process in the manner
provided for notices in Section 9.02 of the Loan Agreement. Nothing in this Agreement will affect
the right of any party to this Agreement to serve process in any other manner permitted by law.

     SECTION 7.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY 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 TRANSACTIONS
CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A)
CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY
OR OTHERWISE, THAT SUCH OTHER PARTY 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 BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
SECTION.

     SECTION 7.11. Headings. Article and Section headings used herein are for the purpose
of reference only, are not part of this Agreement and are not to affect the construction of, or to
be taken into consideration in interpreting, this Agreement.

     SECTION 7.12. Additional Grantors. Each Grantor acknowledges that, each subsequently
acquired or organized Domestic Subsidiary required by Section 5.11 of the Loan Agreement to become
a party hereto as an additional Grantor (each such Domestic Subsidiary, an “Additional
Grantor”) shall execute an Instrument of Assumption and Joinder (a “Joinder”)
substantially in the form attached hereto as Exhibit A. Upon delivery of any such Joinder
to Collateral Agent, notice of which is hereby waived by the Grantors, each such Additional Grantor
shall be deemed a Grantor hereunder and shall be as fully a party hereto as if such Additional
Grantor were an original signatory hereto. Each Grantor expressly agrees that its obligations
arising hereunder shall not be discharged, diminished or otherwise affected (a) by the addition or
release of any other Grantor hereunder, (b) any failure by the Grantors or any Grantor to cause any
subsequently acquired or organized Domestic Subsidiary required by Section 5.11 of the Loan
Agreement to become an Additional Grantor or a Grantor hereunder or (c) by reason of Collateral
Agent or any of the Secured Parties’ actions in effecting, or failure to effect, any such Joinder,
or in releasing any Grantor hereunder, in each case without the necessity of giving notice to or
obtaining the consent of any other Grantor. This Agreement shall be fully effective as to any
Grantor that is or becomes a party hereto regardless of whether any other Person becomes or fails
to become or ceases to be a Grantor hereunder.

     SECTION 7.13. Termination and Release.

          (a) This Agreement and the Security Interest shall terminate when the Obligations (other than
Obligations for taxes, costs, indemnifications, reimbursements, damages and other liabilities in
respect of which no assertion of liability and no claim or demand for payment (in each case,
whether oral or written) has been made, and, in the case of Obligations

29

 

for indemnification, no notice for indemnification has been issued by the indemnitee, at such
time) have been fully and indefeasibly paid in cash and performed.

          (b) Upon the effectiveness of any release of Collateral pursuant to the Loan Agreement, the
Security Interest in such Collateral shall be automatically released hereunder.

          (c) Upon termination of this Agreement or the Security Interest on any Collateral, the
Collateral Agent shall execute and deliver to the Grantors, at the Grantors’ expense, all
appropriate UCC termination statements and similar documents which the Grantors shall reasonably
request to evidence such termination. Any execution and delivery of termination statements or
documents pursuant to this Section shall be without recourse to or warranty by the Collateral
Agent. Each of the Grantors agrees that its obligations hereunder and the security interest
created hereunder shall continue to be effective or be reinstated, as applicable, if at any time
payment, or any part thereof, of all or any part of the Secured Obligations is rescinded or must
otherwise be restored by the Secured Party upon the bankruptcy or reorganization of any Grantor or
otherwise.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

30

 

     IN WITNESS WHEREOF, each of the Grantors has caused this Agreement to be duly executed by its
officer thereunto duly authorized as of the date and year first above written.

	 	 	 	 	 
	 	GRANTORS:

AMERICAN COMMERCIAL LINES LLC

JEFFBOAT LLC

COMMERCIAL BARGE LINE COMPANY

ACL TRANSPORTATION SERVICES LLC

AMERICAN COMMERCIAL LINES INC.

 	 
	 	By:  	 	 
	 	 	Printed:  	 
	 	 	Title:  	 	 
	 

[SIGNATURES CONTINUED ON NEXT PAGE]

Signature Page to Security Agreement

 

 

[SIGNATURES CONTINUED FROM PREVIOUS PAGE]

	 	 	 	 	 
	 	COLLATERAL AGENT:

BANK OF AMERICA, N. A.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to Security Agreement

 

 

SCHEDULE 3.02 TO SECURITY AGREEMENT

Filing Offices

 

 

SCHEDULE 3.05(a) TO SECURITY AGREEMENT

Legal Name, Etc.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Federal	 	 	 	 
	 	 	 	 	 	 	Registered	 	 	 	 	 	 	Taxpayer	 	 	 	 
	 	 	Type of	 	 	Organization	 	 	Organizational	 	 	Identification	 	 	State of	 
	Legal Name	 	Entity	 	 	(Yes/No)	 	 	Number1	 	 	Number	 	 	Formation	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

			
	1	 	 If none, so state.

 

 

SCHEDULE 3.05(b) TO SECURITY AGREEMENT

Prior Organizational Names

	 	 	 	 	 	 	 	 	 
	Grantor	 	Prior Name	 	 	Date of Change	 
	 
	 	 	 	 	 	 	 	 

 

 

SCHEDULE 3.05(c) TO SECURITY AGREEMENT

Changes in Corporate Identity; Other Names

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	List of All Other	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Names Used on Any	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Filings with the	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Internal Revenue	 
	 	 	Corporate Name of	 	 	 	 	 	 	Date of	 	 	State of	 	 	Service During Past	 
	Grantor	 	Entity	 	 	Action	 	 	Action	 	 	Formation	 	 	Five Years	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

 

SCHEDULE 3.06 TO SECURITY AGREEMENT

Chief Executive Office

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Grantor	 	Address	 	 	County	 	 	State	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 

 

 

SCHEDULE 3.07 TO SECURITY AGREEMENT

Extraordinary Transactions

	 	 	 	 	 	 	 	 	 
	Grantor	 	Description of Transaction Including Parties Thereto	 	 	Date of Transaction	 
	 
	 	 	 	 	 	 	 	 

 

 

SCHEDULE 3.08 TO SECURITY AGREEMENT

Instruments and Tangible Chattel Paper

1. Promissory Notes:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Pledged	 
	Entity	 	Principal Amount	 	 	Date of Issuance	 	 	Interest Rate	 	 	Maturity Date	 	 	[Yes/No]	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

2. Chattel Paper:

	 	 	 	 	 
	 	 	Pledged	 
	Description	 	[Yes/No]	 
	 
	 	 	 	 

 

 

SCHEDULE 3.09 TO SECURITY AGREEMENT

Deposit Accounts

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Reason for	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Subject to	 	 	Exclusion	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Control	 	 	from	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	agreement?	 	 	Control	 
	Owner	 	Type Of Account	 	 	Bank	 	 	Account Numbers	 	 	[Yes/No]	 	 	Requirement	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

 

SCHEDULE 4.03(f) TO SECURITY AGREEMENT

Locations

 

 

SCHEDULE 4.17 TO SECURITY AGREEMENT

Commercial Tort Claims

 

 

EXHIBIT A TO

SECURITY AGREEMENT

FORM OF INSTRUMENT OF ASSUMPTION AND JOINDER

          JOINDER AGREEMENT dated as of                      (the “Joinder Agreement”) made by [Insert
Name of New Grantor] a [Insert State of Organization] [corporation, limited partnership or limited
liability company] (the “Company”) in favor of the Secured Parties (as defined in that
certain Security Agreement dated as of July 7, 2009 (as such agreement may be amended, amended and
restated, supplemented or otherwise modified, renewed or replaced from time to time, the
“Security Agreement”)) among the Grantors referred to therein (the “Grantors”), and
Bank of America, N.A. as Collateral Agent (as defined in the Security Agreement). Capitalized
terms used but not defined herein shall have the meanings given to such terms in the Security
Agreement.

WITNESSETH

          The Company is a [Insert State of Organization] [corporation, limited partnership or limited
liability company], and is a subsidiary of [Insert name of Loan Party]. Pursuant to Section 7.12
of the Security Agreement, the Company is required to execute this document as a newly [formed]
[acquired] subsidiary of [Insert name of Loan Party].

          NOW, THEREFORE, in consideration of the premises and other good and valuable consideration,
the receipt of which is hereby acknowledged, the Company hereby agrees as follows:

          SECTION 1. Assignment and Joinder.

          (a) The Company hereby expressly confirms that it has assumed, and hereby agrees to perform
and observe, each and every one of the covenants, rights, promises, agreements, terms, conditions,
obligations, appointments, duties and liabilities of a Grantor under the Security Agreement and all
the other Loan Documents applicable to it as a Grantor. By virtue of the foregoing, the Company
hereby accepts and assumes any liability of a Grantor related to each representation or warranty,
covenant or obligation made by a Grantor in the Security Agreement or any other Loan Document and
hereby expressly affirms, as of the date hereof, each of such representations, warranties,
covenants and obligation.

          (b) All references to the term “Grantor” in the Security Agreement or any other Loan Document,
or in any document or instrument executed and delivered or furnished, or to be executed and
delivered or furnished, in connection therewith shall be deemed to be references to, and shall
include, the Company.

          SECTION 2. Representations and Warranties. The Company hereby represents and warrants
to the Collateral Agent as follows:

Exhibit B to Security Agreement

 

 

          (a) The Company has the requisite [corporate, partnership or company] power and authority to
enter into this Joinder Agreement and to perform its obligations hereunder and under the Security
Agreement and the other Loan Documents to which it is a party. The execution, delivery and
performance of this Joinder Agreement by the Company and the performance of its obligations
hereunder and under the Security Agreement, and the other Loan Documents have been duly authorized
by the [Board of Directors of the Company] and no other [corporate, partnership or company]
proceedings on the part of the Company are necessary to authorize the execution, delivery or
performance of this Joinder Agreement, the transactions contemplated hereby or the performance of
its obligations under the Security Agreement or any other Loan Document. This Joinder Agreement
has been duly executed and delivered by the Company. This Joinder Agreement, the Security
Agreement and the other Loan Documents each constitutes a legal, valid and binding obligation of
the Company enforceable against it in accordance with its respective terms, subject, as to the
enforcement of remedies, to applicable bankruptcy, insolvency and similar laws affecting creditors’
rights generally and to general principles of equity.

          (b) The representations and warranties set forth in Article 3 of the Security Agreement are
true and correct on and as of the date hereof (except to the extent that such representations and
warranties expressly relate to an earlier date) with the same effect as if made on and as of the
date hereof.

          (c) The authorized capitalization of the Company, the number of shares of its capital stock
outstanding on the date hereof, and the ownership of the outstanding shares of its capital stock
are set forth on Schedule 1 hereto.*/

          (d) As of the date hereof, the exact legal name of the Company is                      and the Company has
not done business, is not doing business and does not intend to do business other than under its
full [corporate, partnership or company] name, including, without limitation, under any trade name
or other doing business name and is in good standing in all jurisdictions where the nature of its
properties or business so requires. The Company is a [corporation, partnership, limited liability
company, limited liability partnership or other] organized under the laws of                     . The
Company’s taxpayer identification number and organizational number, if any, are                     .

 

			
	*/	 	 If the Company is a limited partnership, insert
the following paragraph:
	 
	 	 	“The general partners of the company and the ownership of its partnership
interests are set forth on Schedule 1 hereto”;
	 
	 	 	or if the Company the Company is a limited liability company, insert the
following paragraph:
	 
	 	 	“The members of the Company and the ownership of its limited liability
company interests are set forth on Schedule 1 hereto”.

Page 2

 

          SECTION 3. Further Assurances. At any time and from time to time, upon the Collateral
Agent’s request and at the sole expense of the Company, the Company will promptly and duly execute
and deliver any and all further instruments and documents and take such further action as the
Collateral Agent reasonably deems necessary to effect the purposes of this Joinder Agreement.

          SECTION 4. Binding Effect. This Joinder Agreement shall be binding upon the Company
and shall inure to the benefit of the Secured Parties and their respective successors and assigns.

          SECTION 5. Conflict. In the event of a conflict between this Joinder Agreement and
the Security Agreement, the provisions of the Security Agreement will govern.

          SECTION 6. GOVERNING LAW. THIS JOINDER AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE
WITH AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY
CONFLICT OF LAW PRINCIPLES.

[Signature Pages Follow]

Page 3

 

          IN WITNESS WHEREOF, the undersigned has caused this Joinder Agreement to be duly executed and
delivered by its duly authorized officer as of the date first above written.

	 	 	 	 	 
	 	[NAME OF COMPANY]

 	 
	 	By  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	BANK OF AMERICA, N.A.

as Collateral Agent

 	 
	 	By  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

Page 4

 

	 	 	 	 	 

SCHEDULE 1 TO JOINDER AGREEMENT

	 
	[Authorized capitalization:

	 

	Number of shares of capital stock

	outstanding:

	 

	Ownership of the outstanding

	capital stock:]

	 

	or

	 

	[General Partners:

	 

	Ownership of the

	partnership interests:]

	 

	or

	 

	[Members of the Company:

	 

	Ownership of the

	limited liability company

	interests:]

 

 

EXECUTION COPY

[BARGES]

FIRST PREFERRED FLEET MORTGAGE

given by

AMERICAN COMMERCIAL LINES LLC,

as Owner and Mortgagor

in favor of

BANK OF AMERICA, N.A.,

in its capacity as Administrative Agent, Collateral Agent and Security Trustee,

as Mortgagee

On the United States Flag Vessels

Named and Bearing Official Numbers Set Forth

On Schedule 1 Attached Hereto

	 	 	 
	Mortgagor:

	 	Mortgagee:
	American Commercial Lines LLC 

1701 East Market Street 

Jeffersonville, Indiana 47130

Percentage of Vessels Owned: 100%
	 	Bank of America, N.A.,

in its capacity as

Administrative Agent, Collateral Agent

and Security Trustee

335 Madison Avenue

New York, New York 10017

Percentage of Vessels Mortgaged: 100%

Direct and Contingent Obligations Secured,

excluding interest, expenses, and fees:

$[                    ]

Dated and effective as of July 7, 2009

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 
	 	 	 	 	 	 
	ARTICLE 1 GENERAL PROVISIONS	 	 	3	 
	SECTION 1.1.
	 	Definitions	 	 	3	 
	ARTICLE 2 REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE MORTGAGOR	 	 	3	 
	SECTION 2.1.
	 	Payment and Performance Obligations	 	 	3	 
	SECTION 2.2.
	 	Organization; Authority; Enforceability	 	 	3	 
	SECTION 2.3.
	 	Citizenship	 	 	3	 
	SECTION 2.4.
	 	Ownership of Vessels; Warranty and Defense of Title	 	 	3	 
	SECTION 2.5.
	 	Perfection	 	 	4	 
	SECTION 2.6.
	 	Environmental Compliance	 	 	4	 
	SECTION 2.7.
	 	Liens	 	 	4	 
	SECTION 2.8.
	 	Notice of Mortgage	 	 	4	 
	SECTION 2.9.
	 	Libel or Attachment	 	 	5	 
	SECTION 2.10.
	 	Maintenance of Vessels	 	 	5	 
	SECTION 2.11.
	 	Documentation; Operation of Vessels	 	 	6	 
	SECTION 2.12.
	 	Inspection	 	 	7	 
	SECTION 2.13.
	 	Taxes, Fees, etc.	 	 	7	 
	SECTION 2.14.
	 	Sale, Assignment, Mortgage, Charter or Other Disposition of Vessel	 	 	7	 
	SECTION 2.15.
	 	Casualty; Condemnation	 	 	8	 
	SECTION 2.16.
	 	Notice of Loss, Requisition or Damage	 	 	8	 
	SECTION 2.17.
	 	Insurance	 	 	9	 
	SECTION 2.18.
	 	Reimbursement of Mortgagee’s Costs	 	 	11	 
	ARTICLE 3 EVENTS OF DEFAULT AND REMEDIES	 	 	12	 
	SECTION 3.1.
	 	Event of Default and Remedies	 	 	12	 
	SECTION 3.2.
	 	Sale of Vessels	 	 	13	 
	SECTION 3.3.
	 	Appointment and Authorization of Mortgagee	 	 	13	 
	SECTION 3.4.
	 	Application of Proceeds	 	 	14	 
	SECTION 3.5.
	 	Certain Rights of Mortgagor	 	 	14	 
	ARTICLE 4 GENERAL POWERS OF MORTGAGEE	 	 	15	 
	SECTION 4.1.
	 	Arrest or Detention of Vessel	 	 	15	 

 

 

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 
	SECTION 4.2.
	 	Suits	 	 	15	 
	SECTION 4.3.
	 	Powers and Remedies Cumulative; No Waiver	 	 	15	 
	ARTICLE 5 RELEASE OF VESSELS AND MORTGAGE OF ADDITIONAL VESSELS	 	 	16	 
	SECTION 5.1.
	 	Definitions	 	 	16	 
	SECTION 5.2.
	 	Release of Vessels	 	 	16	 
	SECTION 5.3.
	 	Mortgage of Additional Vessels	 	 	17	 
	SECTION 5.4.
	 	Costs	 	 	17	 
	ARTICLE 6 SUNDRY PROVISIONS	 	 	17	 
	SECTION 6.1.
	 	Amount of Fleet Mortgage	 	 	18	 
	SECTION 6.2.
	 	Counterparts	 	 	18	 
	SECTION 6.3.
	 	Currency	 	 	18	 
	SECTION 6.4.
	 	Assignment; Successors	 	 	18	 
	SECTION 6.5.
	 	Agents of Mortgagee	 	 	18	 
	SECTION 6.6.
	 	Severability	 	 	18	 
	SECTION 6.7.
	 	Amendments; Supplements	 	 	18	 
	SECTION 6.8.
	 	Governing Law	 	 	18	 
	SECTION 6.9.
	 	Recordation of Mortgage	 	 	19	 
	SECTION 6.10.
	 	No Waiver of Preferred Status	 	 	19	 
	SECTION 6.11.
	 	Waiver	 	 	19	 
	SECTION 6.12.
	 	Further Assurances	 	 	19	 
	SECTION 6.13.
	 	Notices	 	 	19	 

 

 

FIRST PREFERRED FLEET MORTGAGE

          FIRST PREFERRED FLEET MORTGAGE (this “Fleet Mortgage”), made effective this 7th day of July,
2009 by AMERICAN COMMERCIAL LINES LLC, a Delaware limited liability company whose address is 1701
East Market Street, Jeffersonville, Indiana 47130, (the “Mortgagor”), in favor of BANK OF AMERICA,
N.A., a national banking association, whose address is 335 Madison Avenue, New York, New York
10017, as administrative agent, collateral agent and security trustee (in such capacity, the
“Mortgagee”) on behalf of the financial institutions (the “Lenders” and together with the
Mortgagee, the “Secured Parties”) party to the Loan Agreement (as defined below).

RECITALS:

          A. The Mortgagor, Commercial Barge Line Company, ACL Transportation Services LLC and Jeffboat
LLC (collectively, the “Borrowers”), certain affiliates of Borrowers, the Mortgagee, in its
capacity as administrative agent, collateral agent and security trustee pursuant to the Loan
Agreement, acting for and on behalf of the parties thereto as lenders (in such capacity, the
“Agent”), and the parties to the Loan Agreement (as defined below) from time to time as lenders
(individually, each a “Lender” and collectively, “Lenders”) have entered or are about to enter into
financing arrangements pursuant to which Lenders (or the Agent on behalf of the Lenders) may make
loans and advances and provide other financial accommodations to the Mortgagor and the other
Borrowers, as set forth in the Loan Agreement, dated of even date herewith, substantially in the
form, without exhibits and schedules, of Annex A hereto, by and among Borrowers (including
Mortgagor), the other Obligated Parties, Agent, and Lenders (as the same now exists or may
hereafter be amended, modified, supplemented, extended, renewed, restated or replaced, the “Loan
Agreement”), and the other Loan Documents. All capitalized terms used herein but not otherwise
defined shall have the same meaning ascribed to such terms in the Loan Agreement.

          B. The Mortgagor is the sole owner of the whole (100%) of each of the vessels identified in
Schedule I hereof and more fully described in the Granting Clause hereof.

          C. The obligations of the Lenders (or the Agent on behalf of the Lenders) to make Loans under
the Loan Agreement are conditioned upon, among other things, the execution and delivery by the
Mortgagor of this Fleet Mortgage in the form hereof, to secure (a) the due and punctual payment by
the Borrowers of (i) the principal of and premium, if any, and interest (including interest
accruing during the pendency of any bankruptcy, insolvency, receivership or other similar
proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans, when and
as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or
otherwise, and (ii) all other monetary obligations, including reasonable fees, costs, expenses and
indemnities, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary
obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other
similar proceeding, regardless of whether allowed or allowable in such proceeding), of the
Mortgagor to the Secured Parties under the Loan Agreement, this Fleet Mortgage and the other Loan
Documents to which the Mortgagor is or is to be a party,

Page 1

 

(b) the due and punctual performance of all covenants, agreements, obligations and liabilities
of the Mortgagor under or pursuant to the Loan Agreement, this Fleet Mortgage and the other Loan
Documents to which the Mortgagor is or is to be a party, (c) the due and punctual performance of
all covenants, agreements, obligations and liabilities of each Obligated Party under or pursuant to
the Loan Documents, and (d) all other Obligations (as defined in the Loan Agreement) (all the
obligations referred to in the preceding clauses (a) through (d) being referred to collectively, as
the “Secured Obligations”).

          D. As security for the Secured Obligations, the Mortgagor has duly authorized the execution
and delivery of this Fleet Mortgage under and pursuant to Chapter 313 of Title 46 of the United
States Code, as amended from time to time (“Chapter 313”).

          E. It is a condition to the effectiveness of the Loan Agreement that this Fleet Mortgage be
executed and delivered by the Mortgagor.

          NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration,
the receipt of which is hereby acknowledged, and to secure the due and punctual payment and
performance of the Secured Obligations, the Mortgagor, for itself, its successors and assigns does
by these presents:

          GRANT, CONVEY, MORTGAGE, PLEDGE AND CONFIRM UNTO THE MORTGAGEE, its successors and assigns,
the whole of each of the vessels identified on Schedule I hereof, each of which is duly documented
in the name of the Mortgagor under the laws and flag of the United States of America, including,
without being limited to, all of the boilers, engines, machinery, masts, spars, rigging, boats,
pumps, anchors, cables, chains, tackle, apparel, furniture, fittings, equipment and other
appurtenances appertaining or belonging thereto, whether now owned or hereafter acquired, and all
additions, improvements, and replacements hereafter made in or to any vessel, or any part thereof
whether on board or not, including all items and appurtenances aforesaid and all rents, charters,
charter parties, freights, sub-freights, cargoes, operating profits, and proceeds of the foregoing
(each such vessel and all items thereof above enumerated being included in the term “Vessel” as
used in this Fleet Mortgage);

          TO HAVE AND TO HOLD the same unto and for the proper use and benefit of the Mortgagee, its
successors and assigns, forever, upon the terms herein set forth;

          PROVIDED, HOWEVER, and these presents are upon the condition that, if the Mortgagor or its
successors and assigns shall duly and punctually pay in full and perform in full the Secured
Obligations, then this Fleet Mortgage and the rights hereunder shall cease, determine and be void,
otherwise to be and remain in full force and effect;

          PROVIDED, FURTHER that any Vessel may be separately discharged from this Fleet Mortgage by the
Mortgagee in accordance with Section 5.2 hereof; and

          FURTHER COVENANT, DECLARE AND AGREE with the Mortgagee and its successors and assigns, that
the Vessels are to be held subject to the further representations, warranties, covenants, terms and
conditions hereinafter set forth.

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ARTICLE 1

GENERAL PROVISIONS

     SECTION 1.1. Definitions. Capitalized terms used but not defined herein shall have the
same meanings set forth with respect thereto in the Loan Agreement.

ARTICLE 2

REPRESENTATIONS, WARRANTIES AND

COVENANTS OF THE MORTGAGOR

     SECTION 2.1. Payment and Performance Obligations. The Mortgagor will duly and
punctually pay or cause to be paid and duly perform, observe and comply with the Secured
Obligations to the extent provided in the Loan Agreement.

     SECTION 2.2. Organization; Authority; Enforceability. The Mortgagor was duly organized
and is now validly existing and in good standing as a limited liability company under the laws of
the State of Delaware and shall so remain during the life of this Fleet Mortgage and so long as any
of the Secured Obligations shall remain outstanding. The Mortgagor has all requisite authority,
power and legal right to own and operate the Vessels, to mortgage the Vessels to the Mortgagee
pursuant to this Fleet Mortgage, and to execute and deliver this Fleet Mortgage. All action
necessary and required by law for the execution and delivery by the Mortgagor of this Fleet
Mortgage has been duly and effectively taken, and this Fleet Mortgage is and will continue to be
the valid and binding obligation of the Mortgagor enforceable in accordance with its terms. All
consents and approvals required in respect of this Fleet Mortgage have been obtained and are in
full force and effect.

     SECTION 2.3. Citizenship. The Mortgagor warrants that the Mortgagor meets, and shall
continue for the term of this Fleet Mortgage and until all of the Secured Obligations are paid and
performed in full to meet, all citizenship requirements necessary for each of the Vessels to be
eligible for documentation as a vessel of the United States, under the flag of the United States,
pursuant to Sections 12103 and 12112 of Title 46 of the United States Code, as amended from time to
time (the “Code”).

     SECTION 2.4. Ownership of Vessels; Warranty and Defense of Title. The Mortgagor
warrants that it is the true, lawful and sole owner of the whole of each of the Vessels, and that
its ownership of each Vessel is free and clear of all Liens except such Liens which arose prior to
the date of filing of this Fleet Mortgage that are incident to current operations and the Permitted
Liens. As of the date hereof, none of the Vessels are subject to a demise charter or to a time or
voyage charter other than demise charters or time charters entered in the ordinary course of
business and consistent with standard marine practice that are listed on Schedule 2.14 to this
Fleet Mortgage. Mortgagor will forever warrant and defend its title and possession of each Vessel
for the benefit of the Mortgagee against any and all claims and demands.

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     SECTION 2.5. Perfection. The Mortgagor shall comply with and satisfy all applicable
formalities and provisions of the laws and regulations of the United States of America, including
but not limited to the provisions of Chapter 313, in order to perfect, establish, record and
maintain this Fleet Mortgage, and any supplement or amendment thereto, upon each of the Vessels and
upon all renewals, as a first preferred fleet mortgage thereunder and on all additions,
improvements and replacements made in or to each of the Vessels and shall do such other acts and
execute all such other instruments, deeds, conveyances, mortgages and assurances as the Mortgagee
may reasonably require in order to subject each of the Vessels to the Lien of this Fleet Mortgage
as aforesaid.

     SECTION 2.6. Environmental Compliance. The Mortgagor has complied with the
representations and warranties in Section 3.16 of the Loan Agreement in respect to each of the
Vessels and shall comply with Section 4.01(k) and Section 5.07 of the Loan Agreement regarding
compliance with environmental laws and regulations in respect to each of the Vessels.

     SECTION 2.7. Liens. The Mortgagor represents and agrees that it has not granted and
will not grant any charterer, the master of any of the Vessels or any other person, and none
thereof has or shall have, any right, power or authority to create, incur or permit to be placed or
imposed upon the Vessels, or any of them, any Liens, other than the Lien of this Fleet Mortgage and
the Permitted Liens, Liens for crew’s wages, wages for stevedores when employed directly by the
Mortgagor or the master of the applicable Vessel and general average and salvage (including
contract salvage), Liens created in the ordinary course of the Vessels’ current operations which
are for “necessaries” within the meaning of Section 31301(4) of Title 46 of the Code, provided that
such Liens (other than such Liens which are senior by operation of law) are subordinate to the Lien
of this Fleet Mortgage. The Mortgagor further agrees that it will not permit to be continued any
Lien upon the Vessels, or any of them (other than this Fleet Mortgage and the Permitted Liens) for
a period in excess of forty-five (45) days after the same becomes due and payable except for any
Lien that is being contested by the Mortgagor in good faith by appropriate proceedings diligently
conducted which are effective to stay the execution or other enforcement of such Lien and the
Mortgagor shall have set aside on its books adequate reserves in accordance with GAAP with respect
to such Lien.

     SECTION 2.8. Notice of Mortgage. The Mortgagor shall at all times keep a properly
certified copy of this Fleet Mortgage and any amendments and supplements hereto and any assignments
hereof (i) at its address set forth above and (ii) in the case of a Vessel that is a self-propelled
Vessel, with the ship’s papers on board such Vessel and such papers shall be exhibited, on demand,
to any person having business with such Vessel which might give rise to a maritime Lien on such
Vessel, or to any representative of the Mortgagee; and a notice, reading as follows, printed in
plain type of such size that the paragraph of reading matter shall cover a space not less than six
inches wide by nine inches high, framed under glass, shall be placed and kept prominently displayed
in the chart room and in the master’s cabin of each of the Vessels that is a self-propelled Vessel:

Page 4

 

“NOTICE OF MORTGAGE

     This Vessel is owned by AMERICAN COMMERCIAL LINES LLC (the “Mortgagor”) and is
subject to a First Preferred Fleet Mortgage, dated July 7, 2009, as the same may be
amended or supplemented, in favor of Bank of America, N.A., as administrative agent,
collateral agent and security trustee under that certain Loan Agreement dated as of
July 7, 2009, pursuant to the provisions of Chapter 313 of Title 46 of the United
States Code, as amended, and under the terms of said Fleet Mortgage, the Mortgagor
hereby gives notice that it has not granted any charterer, the master of this Vessel
or any other person, and none thereof has, the right, power or authority to create,
incur or permit to exist upon this Vessel any liens or encumbrances whatsoever,
other than the lien of said Fleet Mortgage, liens for crew’s wages, wages of
stevedores when employed directly by the Mortgagor or the master of this Vessel and
general average or salvage (including contract salvage). Any such right, power or
authority is also prohibited under the terms of said Fleet Mortgage.”

     SECTION 2.9. Libel or Attachment. If a libel or complaint shall be filed against the
Vessels, or any of them, or if the Vessels, or any of them, shall be levied upon or taken into
custody, or detained by any proceeding in any court or tribunal or by any government or other
authority, the Mortgagor, within ten (10) days thereafter, will cause such Vessel or Vessels to be
released and any Lien thereon, other than the Lien of this Fleet Mortgage and the Permitted Liens,
to be discharged. In the event the Vessels, or any of them, are levied upon or taken into custody
or detained by any authority whatsoever, the Mortgagor agrees forthwith to notify the Mortgagee
thereof by telex, confirmed by letter. The Mortgagor shall reimburse the Mortgagee for any amount
paid by the Mortgagee, whether in settlement of a claim or in satisfaction of a judgment, and such
amounts shall be Mortgagee’s Costs, as defined in and in accordance with Section 2.18 hereof.

     SECTION 2.10. Maintenance of Vessels.

          (a) The Mortgagor will at all times, without cost or expense to the Mortgagee, maintain and
preserve the Vessels in all material respects, and cause the Vessels in all material respects to be
tight, staunch, strong and well and sufficiently tackled, appareled, victualed, fitted, manned,
furnished and equipped and to be maintained and preserved, in good running order and repair so that
the Vessels in all material respects shall be well equipped and seaworthy, in good working order,
repair and operating condition, ordinary wear and tear excepted. At all times, at its own cost and
expense, the Mortgagor will exercise due diligence to maintain and preserve the Vessels in all
material respects in as good condition, working order and repair as at the time of the execution of
this Fleet Mortgage, ordinary wear and tear and depreciation excepted, and will maintain the
Vessels in all material respects in accordance with good marine maintenance practice and procedures
and applicable legal or regulatory requirements for the service in which they then are or will be
engaged, and in such condition as will enable the Vessels in all material respects to pass such
inspection as may be required by marine underwriters as a condition of their writing such insurance
and in such amounts as are required under this Fleet Mortgage.

Page 5

 

Furthermore, the Mortgagor will cause each Vessel to be periodically inspected, drydocked and
recoated (hull paint), and its machinery overhauled in accordance with normal marine practices or
as may be required by the United States Coast Guard. Mortgagor will permit any representatives
designated by the Mortgagee to conduct appraisals of the Vessels and Inventory and pay the
reasonable fees and expenses in connection therewith (except that so long no Event of Default
exists and is continuing, Mortgagor shall only be required to reimburse the Mortgagee for two (2)
Vessel Appraisals (provided, that not more than one (1) such Vessel Appraisal shall be a
physical appraisal) per calendar year, unless at any time during such year a Covenant Testing
Trigger Period occurs, in which case Mortgagor shall then be required to reimburse Mortgagee for
three (3) Vessel Appraisals and three (3) appraisals of Inventory per calendar year);
provided that if any Event of Default has occurred and is continuing then no such
limitation on Mortgagor’s reimbursement obligations shall apply. Unless an Event of Default has
occurred and is continuing, Mortgagee shall not request such a survey or inspection more than once
per calendar year. In addition, the Mortgagor shall provide at the end of each six-month period
commencing six weeks following the date hereof to the Mortgagee, a certificate of an officer of
Mortgagor (designated in writing by the Mortgagor to the Mortgagee) stating that the Vessels have
been maintained and preserved in accordance with the requirements of this Section 2.10(a).

          (b) The Mortgagor may make structural changes, alterations or additions to the Vessels, or any
of them, but only to the extent that any such change, alteration or addition is made at the
Mortgagor’s expense and risk and does not materially diminish the value, utility, capacity,
operating condition and seaworthiness of the applicable Vessel.

          (c) The Mortgagor shall certify as often as required by the Mortgagee that all wage and other
claims which give rise to Liens have been paid in the ordinary course of business.

          (d) Upon the Mortgagee’s request the Mortgagor shall furnish the Mortgagee within fifteen (15)
days after receipt by the Mortgagor, copies of all Certificates of Inspection delivered by the
United States Coast Guard.

     SECTION 2.11. Documentation; Operation of Vessels.

          (a) The Mortgagor will keep each Vessel duly documented as a vessel of the United States,
under the flag of the United States, and will not cause or permit any Vessel to be operated in any
manner prohibited by any law, regulation or contract applicable to such Vessel, and shall have on
board as and when required thereby valid certificates showing compliance therewith. The Mortgagor
will not cause or permit the Vessels, or any of them, to engage in any unlawful trade or carry any
cargo that will expose the Vessels, or any of them, to penalty, forfeiture or capture, and will not
do, or suffer or permit to be done, anything which can or may injuriously affect the registration
or enrollment or flag of the Vessels, or any of them, under the laws and regulations of the United
States.

          (b) The Mortgagor will (and will cause any charterer of the Vessels, or any of them, to)
comply with and satisfy all of the provisions of any applicable law, regulation,

Page 6

 

proclamation or order concerning financial responsibility for liabilities imposed on the
Mortgagor or the Vessels, or any of them, with respect to pollution by any state or nation or
political subdivision thereof, including but not limited to the United States Federal Water
Pollution Control Act and the United States Oil Pollution Act of 1990, as any of the foregoing may
at any time be amended, and will (and will cause any charterer of the Vessels, or any of them, to)
maintain all certificates or other evidence of financial responsibility as may be required by any
such law, regulation, proclamation or order with respect to the trade in which the Vessels, or any
of them, is from time to time engaged and the cargo carried thereby.

     SECTION 2.12. Inspection. To the extent permitted in the Loan Agreement, the Mortgagor
will permit representatives of the Mortgagee to inspect or survey the Vessels, at the Mortgagor’s
expense, to ascertain the condition of such Vessel or Vessels and whether such Vessel or Vessels
are being properly repaired and maintained. Such inspection or survey shall be made on reasonable
notice and at reasonable times and places so as not to interfere with the safe, efficient and
normal operation of such Vessel or Vessels. The Mortgagor will cause to be made all such repairs
as shall be required by this Fleet Mortgage, without expense to the Mortgagee, its successors and
assigns or any of its authorized representatives, as such inspection or survey or an inspection or
survey conducted pursuant to Section 2.10(a) hereof may show to be required. To the extent
permitted in the Loan Agreement, the Mortgagor shall also permit the Mortgagee to inspect the logs
and papers of the Vessels, or any of them, and any and all other contracts and other papers
relating to the same, whether on board or not, whenever requested, on reasonable notice.

     SECTION 2.13. Taxes, Fees, etc. The Mortgagor will pay and discharge, or cause to be
paid and discharged, when due and payable from time to time, all taxes, assessments, governmental
charges, fines and penalties lawfully imposed on the Vessels, or any of them; provided that the
Mortgagor shall not be required to pay any such tax, assessment or charge if the validity or amount
thereof is concurrently being contested in good faith by appropriate proceedings and if the
Mortgagor shall have set aside on its books reserves deemed by it adequate with respect to such
tax, assessment or charge. Notwithstanding the foregoing, the Mortgagor will pay or cause to be
paid all such taxes, assessments or charges forthwith upon the commencement of proceedings to
foreclose any Lien which is attached as security therefor.

     SECTION 2.14. Sale, Assignment, Mortgage, Charter or Other Disposition of Vessel. The
Mortgagor will not in any manner change the flag of the Vessels, or any of them, sell, transfer or
mortgage the Vessels, or any of them, or enter into any charter party other than (a) sales,
transfers, mortgages, or charters permitted by the Loan Agreement, (b) charters for a period of
three years or less under terms that are common and customary for a charter party used by prudent
owners and operators who charter vessels similar to the Vessels and engaged in trades similar to
the trades in which the Vessels are engaged, or with the prior written consent of the Mortgagee,
any charters in excess of one year, and (c) charters for Vessels listed on Schedule 2.14 to this
Fleet Mortgage; provided that no such charter allowed in this Section 2.14 will relieve the
Mortgagor of its obligations under this Fleet Mortgage, or change the flag of the Vessels, or any
of them. Any written consent given for any one of the foregoing transactions shall not be
construed to be a waiver of this provision in respect of any such other transaction.

Page 7

 

Any such transaction with respect to the Vessels, or any of them, shall be subject to the
provisions of this Fleet Mortgage and the Lien it creates.

     SECTION 2.15. Casualty; Condemnation.

          (a) Notwithstanding any other provision of this Fleet Mortgage, the Loan Agreement or the
other Loan Documents, the Mortgagee is authorized, at its option (for the benefit of the Secured
Parties), to collect and receive, to the extent payable to the Mortgagor or any other Obligated
Party, all insurance proceeds, damages, claims and rights of action under any insurance policies
with respect to any casualty or other insured damage (“Casualty”) to any portion of any Vessel
(collectively, “Casualty Proceeds”) (irrespective of whether such proceeds are received prior to or
subsequent to rebuilding and/or replacement). The Mortgagor agrees to notify the Mortgagee, in
writing, promptly after the Mortgagor obtains notice or knowledge of any Casualty to a Vessel,
which notice shall set forth a description of such Casualty and the Mortgagor’s good faith estimate
of the amount of related damages. The Mortgagor agrees to endorse and transfer or cause to be
endorsed or transferred any Casualty Proceeds received, or receivable, by it or any other Obligated
Party to the Mortgagee, to be administered, disbursed or applied to the Secured Obligations
pursuant to Section 2.05(b) of the Loan Agreement.

          (b) The Mortgagor will notify the Mortgagee promptly upon obtaining knowledge that the title
to or ownership of the Vessels, or any of them, or the use of the Vessels, or any of them (whether
on a bareboat or time charter basis or any other basis), has been requisitioned, purchased, or
taken by, or the Vessels, or any of them, shall be seized by or forfeited to any government of any
country, or any department, agency or representative thereof pursuant to any present or future law,
proclamation, decree, order or otherwise, or to any other person or persons, whether or not acting
under color of government authority (such events being deemed a “Condemnation”). No settlement or
compromise of any claim in connection with any such action or proceeding shall be made without the
consent of the Mortgagee, which consent shall not be unreasonably withheld. The Mortgagee is
authorized, at its option (for the benefit of the Secured Parties), to collect and receive
Condemnation Proceeds. The Mortgagor agrees to execute or cause to be executed such further
assignments, and to endorse and transfer or cause to be endorsed or transferred any Condemnation
Proceeds received, or receivable, by it or any other Obligated Party to the Mortgagee, to be
administered, disbursed or applied to the Secured Obligations pursuant to Section 2.05(b) of the
Loan Agreement.

          (c) The foregoing provisions shall not apply to scrapping operations conducted by the
Mortgagor in the ordinary course of business.

     SECTION 2.16. Notice of Loss, Requisition or Damage. In the event of (a) actual loss
of any Vessel, (b) any event referred to in Section 2.15 hereof with respect to any Vessel, or (c)
any casualty, accident or damage to any Vessel involving an amount in excess of $1,000,000, the
Mortgagor shall forthwith give written notice thereof (containing full particulars) to the
Mortgagee. Furthermore, upon Mortgagee’s request, the Mortgagor will provide to the Mortgagee, at
the end of each six-month period commencing six months following the date

Page 8

 

hereof, a written report stating each casualty, accident or damage to any Vessel involving an
amount in excess of $500,000 that occurred in the prior six month period with full particulars.

     SECTION 2.17. Insurance.

          (a) The Mortgagor shall at all times while this Fleet Mortgage shall remain in effect maintain
at its own expense the following insurance:

          (i) protection and indemnity insurance through underwriters or associations with
respect to each of the Vessels in such amounts, subject to such deductible or retention
amounts, against such risks and under such forms as are then common or customary with
respect to vessels similar to the Vessels and owned by companies in the same or similar
businesses operating in the same or similar locations as Mortgagor, provided that such
protection and indemnity insurance (including excess policies) shall in all events:

          (1) provide protection on an “occurrence” basis (rather than on a “claims made”
basis); and

          (2) provide protection against liabilities arising out of pollution or the
spillage or leakage of cargo;

          (ii) marine, hull and machinery and, if any Vessel or Vessels are operated outside of
the United States, war risks insurance on each of the Vessels under the latest (at the time
of issue of the policies in question) forms of American or London Institute of Marine
Underwriters, subject to such deductible or retention amounts as are then common or
customary with respect to vessels similar to the Vessels and owned by companies in the same
or similar businesses operating in the same or similar locations as Mortgagor, provided that
such marine, hull and machinery and war risks insurance shall in all events be in an amount
with respect to each Vessel that is not less than the reasonable commercial value or book
value thereof;

          (iii) Insurance protecting against claims under the Longshoremen’s and Harbor Workers
Compensation Act, Workmen’s Compensation and public liability; and

          (iv) Wreck removal and fire insurance with underwriters and under policy forms and in
amounts satisfactory to the Mortgagee;

          (v) Such other insurances that become customarily obtained by prudent operators of
vessels similar to the Vessels and engaged in trades similar to the trades in which the
Vessels are engaged or as may be reasonably required by the Mortgagee from time to time.

          (b) Each insurance policy with respect to protection and indemnity insurance shall:

Page 9

 

          (i) name the Mortgagee as an additional assured; and

          (ii) be primary without right of contribution from any other insurance which is carried
by the Mortgagee; and

          (iii) expressly provide that all of the provisions thereof, except the limits of
liability, shall operate in the same manner as if there were a separate policy covering each
insured.

          (c) The Mortgagor shall not permit the Vessels, or any of them, to undertake any voyage or
participate in any venture or transport any cargo which is not permitted by the insurance then in
effect or which would limit such insurance or render it unavailable in whole or in part.

          (d) The Mortgagor shall, at its own expense, have the duty and responsibility to make all
proofs of loss and take all other steps necessary to collect from underwriters, insurance companies
or funds any loss under any insurance with respect to the Vessels, or any of them, obtained by the
Mortgagor as required by this Section 2.17.

          (e) The Mortgagor shall deliver to the Mortgagee a detailed report signed by independent
marine insurance brokers reasonably acceptable to the Mortgagee describing the insurance policies
then carried and maintained by the Mortgagor (including the names of the underwriters, the types of
risks covered by such policies, the amount insured thereunder and the expiration date thereof) and
stating that such insurance is, to such insurance broker’s knowledge, comparable to that carried by
other experienced and responsible companies in the same or similar businesses operating in the same
or similar locations.

          (f) Nothing in this Section 2.17 shall prohibit the Mortgagee from placing additional
insurance on or with respect to the Vessels at its expense, or any of them, or the operation
thereof, unless such insurance would conflict with insurance that is carried by the Mortgagor. In
the event that the Mortgagor shall fail to maintain any insurance which it is required to maintain
pursuant to this Section 2.17, the Mortgagee may, but shall not be obligated to, arrange for such
insurance and, in such event, the Mortgagor shall, upon demand reimburse the Mortgagee for the
costs thereof as Mortgagee’s Costs, as defined in and in accordance with Section 2.18 hereof,
without waiver of any other additional rights the Mortgagee may have.

          (g) Any sums payable as a result of a loss under insurance on the Vessels, or any of them,
with respect to protection and indemnity risks, including liability arising out of pollution or the
spillage or leakage of cargo or collision or tower’s liability, may be paid directly to the person
to whom any liability covered by such insurance has been incurred or, if the liability insured
against has been discharged, to the Mortgagee or the Mortgagor to reimburse them for any loss,
damage or expense incurred by them and covered by such insurance.

          (h) During the continuance of a taking, requisition or charter of the use of the Vessels, or
any of them, by the United States of America, the provisions of this Section 2.17 shall be deemed
to have been complied with in all respects as to such Vessel or Vessels if the

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United States Government shall have agreed (i) to reimburse the Mortgagee and the Mortgagor
for loss or damage resulting from the risks indicated in paragraph (a) of this Section 2.17, and
(ii) that the Mortgagee and the Mortgagor shall be entitled to just compensation therefor. In the
event of any taking, requisition or charter of the Vessels, or any of them, contemplated by this
paragraph (g), the Mortgagor shall promptly furnish to the Mortgagee a certificate of a Responsible
Officer stating that such taking, requisition or charter has occurred and that the United States
Government has agreed (i) to reimburse the Mortgagee and the Mortgagor for loss or damage resulting
from the risks indicated in paragraph (a) of this Section 2.17, and (ii) that the Mortgagee and the
Mortgagor are entitled to just compensation therefor.

          (i) In the event that any claim or Lien is asserted against the Vessels, or any of them, for
loss, damage or expense which is covered by insurance hereunder and it is necessary for the
Mortgagor to obtain a bond or supply other security to prevent the arrest of such Vessel or
Vessels, or to obtain the release of such Vessel or Vessels from arrest on account of said claim or
Lien, the Mortgagee, upon the written request of the Mortgagor, may, but shall not be required to
assign all or any part of their respective right, title and interest in and to said insurance
covering such loss, damage or expense, to any person executing a surety or guaranty bond or other
agreement to save or release such Vessel or Vessels from such arrest as collateral security to
indemnify against liability under said bond or other agreement.

     SECTION 2.18. Reimbursement of Mortgagee’s Costs.

          (a) The Mortgagor shall promptly pay or reimburse to the Mortgagee all amounts the Mortgagee
determines constitute claims, liabilities, losses, taxes, duties, charges, costs, fees and expenses
(“Mortgagee’s Costs”) incurred or made by the Mortgagee in exercising, protecting or pursuing
rights or remedies under this Fleet Mortgage, the Loan Agreement, or the other Loan Documents
(including but not limited to (i) amounts paid by the Mortgagee pursuant to Section 2.9 hereof,
(ii) costs incurred by the Mortgagee pursuant to the second sentence of Section 2.17(g) or Sections
5.4, 6.9 or 6.12 hereof, and (iii) expenses of any sale or taking of the Vessels, or any of them,
attorneys’ fees and court costs) or resulting from the release of the Vessels, or any of them, from
the Lien created by this Fleet Mortgage or resulting from supplementing this Fleet Mortgage to add
additional Vessels, with interest thereon at the rate provided in Section 2.06(a)(i) of the Loan
Agreement.

          (b) If the Mortgagor shall default in the observance or performance of any of the covenants,
conditions or agreements in this Fleet Mortgage on its part to be performed or observed and such
default shall continue unremedied for a period of thirty (30) days after written notice thereof
from the Mortgagee to the Mortgagor, the Mortgagee may in its discretion do all acts and make all
expenditures necessary to remedy such default, including, but not limited to, the procurement of
insurance on the Vessels, or any of them, making repairs, discharge or purchase of Liens and
payment of taxes, dues, assessments, governmental charges, fines, penalties and attorneys’ fees;
provided, however, that the Mortgagee shall be under no obligation to the Mortgagor to do such acts
or make any such expenditures nor shall the doing or making thereof relieve the Mortgagor of any
default in that respect. All costs, fees and expenses of such acts and expenditures shall
constitute Mortgagee’s Costs.

Page 11

 

          (c) All Mortgagee’s Costs and interest thereon shall be debts due from the Mortgagor to the
Mortgagee payable on demand, and shall constitute Secured Obligations and be secured by the Lien of
this Fleet Mortgage.

ARTICLE 3

EVENTS OF DEFAULT AND REMEDIES

     SECTION 3.1. Event of Default and Remedies. An Event of Default as defined in the Loan Agreement
shall be an Event of Default hereunder.

          Upon the occurrence and during the continuance of an Event of Default, this Fleet Mortgage
shall be in default, and the Mortgagee shall have the right to exercise one or more of the
following remedies:

          (a) the Mortgagee may exercise all of the rights and remedies in foreclosure and otherwise
given to mortgagees by the provisions of Chapter 313 or by any other applicable laws and exercise
all of its rights and remedies as attorney-in-fact or otherwise under this Fleet Mortgage;

          (b) the Mortgagee may bring suit at law, in equity or in admiralty in any court to foreclose,
including foreclosure by seizure, arrest and sale of the Vessels, or any of them, or to recover
judgment for the Secured Obligations, and collect the same out of any and all property of the
Mortgagor whether covered by this Fleet Mortgage or otherwise;

          (c) the Mortgagee may take the Vessels, or any of them, wherever the same may be, without
legal process and without being responsible for loss or damage; and the Mortgagor or other person
in possession thereof shall forthwith upon demand of the Mortgagee surrender to the Mortgagee
possession of the Vessels, or any of them, and the Mortgagee may hold, lay up, lease, charter,
operate or otherwise use the Vessels, or any of them, for such time and upon such terms as they may
deem to be for their best advantage, accounting only for the net profits, if any, arising from the
use of such Vessel or Vessels or from the sale thereof, by court proceedings or pursuant to clause
(d) below, net of all costs, expenses, charges, damages or losses by reason of such use;

          (d) the Mortgagee may sell the Vessels, or any of them, free from any claim of or by the
Mortgagor in admiralty, in equity, at law or by statute and upon such terms and conditions as the
Mortgagee determines, at public or private sale, by sealed bids or otherwise, by first publishing
notice of any such public sale for ten (10) consecutive days in a newspaper published in the City
of New York, State of New York, and if the place of sale should not be the City of New York, then
also by publication of similar notice in a daily newspaper, if any, published at the place of sale,
and by mailing notice of such sale, whether public or private, addressed to the Mortgagor at its
last known address fourteen (14) days prior to the date fixed for entering into the contract of
sale; in the event that the Vessels, or any of them, shall be offered for sale by private sale, no
newspaper publication of notice shall be required, nor notice of adjournment of sale; sale may be
held at such place and at such time as the Mortgagee by notice may have

Page 12

 

specified, or may be adjourned by the Mortgagee from time to time by announcement at the time
and place appointed for such sale or for such adjourned sale, and without further notice or
publication the Mortgagee may make any such sale at the time and place to which the same shall be
so adjourned; and any sale may be conducted without bringing the Vessels, or any of them, to the
place designated for such sale and in such manner as the Mortgagee may deem to be for its
advantage; or

          (e) demand and receive all freights, hires, charter hires, earnings, issues, revenues, income
or profits of the Vessels, or any of them, due or to become due from any person whomsoever.

          (f) the Mortgagor covenants and agrees that in addition to any and all other rights, powers
and remedies elsewhere in this Fleet Mortgage granted to and conferred upon the Mortgagee, the
Mortgagee in any suit to enforce any of its rights, powers or remedies shall be entitled as a
matter of right and not as a matter of discretion (i) to the appointment of a receiver or receivers
of the Mortgagor’s interest in the Vessels, or any of them, and the Mortgagor’s interest in the
hire, earnings, issues, revenues, freights, incomes and profits due or to become due and arising
from the operation thereof, and (ii) to a decree ordering and directing the sale and disposal of
the Vessels, or any of them.

     SECTION 3.2. Sale of Vessels. Any sale of the Mortgagor’s interest in the Vessels, or any of them,
made pursuant to this Fleet Mortgage, whether under the power of sale hereby granted or any
judicial proceedings, shall operate to divest all right, title and interest of any nature
whatsoever of the Mortgagor therein and thereto, and shall forever bar the Mortgagor, its
successors and assigns, and all persons claiming by, through or under them. No purchaser shall be
bound to inquire whether notice has been given, or whether any default has occurred, or as to the
propriety of the sale, or as to the application of the proceeds thereof. In case of any such sale,
the Mortgagee, or any other person, firm or corporation to whom the Secured Obligations secured by
this Fleet Mortgage are otherwise due or owing, may bid for and purchase the Vessels, or any of
them, or other property of the Mortgagor and shall be entitled for the purpose of making settlement
or payment for the property so purchased, to use and apply the unpaid balance of their portion of
the Secured Obligations due and owing, or which may become due or owing, as a credit against the
purchase price of the Vessels, or any of them, up to the amount represented by the ratable share of
the net proceeds of sale (after allowing for the costs and expenses of sale and other charges)
payable to the Mortgagee or such person.

     SECTION 3.3. Appointment and Authorization of Mortgagee.

          (a) The Mortgagor hereby irrevocably appoints the Mortgagee and its successors and assigns,
with full power of substitution, the true and lawful attorney or attorneys of the Mortgagor, in its
name and stead, upon the happening and during the continuance of an Event of Default, to make all
necessary transfers of the Vessels, or any of them, and for that purpose the Mortgagee and its
successors and assigns may execute all necessary instruments of assignment and transfer, the
Mortgagor hereby ratifying and confirming all that its said attorneys shall do by virtue hereof.
Nevertheless, the Mortgagor shall, if so requested by the Mortgagee,
ratify and

Page 13

 

confirm such sale by executing and delivering to the purchaser of such Vessel or
Vessels such proper bill of sale, conveyance, instrument of transfer and release as may be
designated in such request.

          (b) The Mortgagor hereby irrevocably appoints the Mortgagee and its successors and assigns,
with full power of substitution, the true and lawful attorney or attorneys of the Mortgagor, in its
name and stead, upon the happening and during the continuance of an Event of Default, to demand,
collect, receive, compromise and sue for, so far as may be permitted by law, the Mortgagor’s
interest in all freights, hire, earnings, issues, revenues, income and profits of the Vessels, or
any of them, and the Mortgagor’s interest in all amounts due from the underwriters under any
insurance thereon as payments of losses or as return premiums or otherwise, salvage awards and
recoveries in general average or otherwise, and the Mortgagor’s interest in all other sums, due or
to become due at or after the time of the happening of any Event of Default, in respect of the
Vessels, or any of them, or in respect of any insurance thereon from any person whomsoever, and to
make, give and execute in the name of the Mortgagor acquittances, receipts, releases or other
discharges for the same, whether under seal or otherwise, and to endorse and accept in the name of
the Mortgagor all checks, notes, drafts, warrants, agreements and all other instruments in writing
with respect to the foregoing.

     SECTION 3.4. Application of Proceeds. Upon the occurrence and during the continuance of an Event
of Default, the proceeds of the sale of the Vessels, or any of them, the proceeds of any judgment
collected by the Mortgagee for any default hereunder, and the net earnings from any management,
charter or other use of the same by the Mortgagee under any of the powers specified in Section 3.1,
and any and all other moneys held by or received by the Mortgagee pursuant to or under the terms of
this Fleet Mortgage, the application of which has not elsewhere herein been specifically provided
for, shall be applied by the Mortgagee as follows:

     FIRST: To the payment of all its Mortgagee’s Costs, including the expenses of
any sale or any taking of the Vessels, or any of them, attorneys’ fees and court
costs, together with interest as provided herein, and to provide adequate indemnity
to the Mortgagee against Liens claiming priority over or equality with this Fleet
Mortgage; and

     SECOND: To the payment of the Secured Obligations in accordance with the terms
of the Loan Agreement.

          In the event that the proceeds are insufficient to pay the amounts specified in paragraphs
“FIRST” and “SECOND” above, the Mortgagee shall be entitled to collect the balance from the
Mortgagor, or any other person liable therefor.

     SECTION 3.5. Certain Rights of Mortgagor. In the absence of an Event of Default, the Mortgagor
shall (a) be permitted to retain actual possession and use of the Vessels, and (b) have the right,
from time to time, in its discretion and without application to the Mortgagee and without a release
thereof by the Mortgagee, to dispose of, free from the Lien hereof, its interest in any boilers,
engines, machinery, masts, spars, rigging, boats, anchors, cables, chains, tackle,

Page 14

 

capstans, outfit, tools, pumps and pumping equipment, apparel, furniture, fittings, equipment
or any other appurtenances of the Vessels, or any of them, that are no longer useful, necessary,
profitable or advantageous in the operation of such Vessel or Vessels, first or simultaneously
replacing the same by such new items of substantially equal value, which shall forthwith become
subject to the Lien of this Fleet Mortgage as first preferred mortgages thereon. Notwithstanding
the foregoing, the Mortgagor shall not be required to replace covers at the end of their useful
lives for any Vessel or Vessels that have been converted to a use that does not require a cover.

ARTICLE 4

GENERAL POWERS OF MORTGAGEE

     SECTION 4.1. Arrest or Detention of Vessel. In the event that the Vessels, or any of them, shall be
arrested or detained by a marshal or other officer of any court of law, equity or admiralty
jurisdiction or by any government or other authority and shall not be released from arrest or
detention within ten (10) days from the date of arrest or detention, the Mortgagor does hereby
authorize and empower the Mortgagee and its successors and assigns, in the name of the Mortgagor,
or its successors or assigns, and does hereby irrevocably appoint the Mortgagee and its successors
and assigns, with full power of substitution, the true and lawful attorneys of the Mortgagor, in
its name and stead, to apply for and receive possession of and to take possession of such Vessel or
Vessels with all the rights and powers that the Mortgagor, or its successors or assigns, might
have, possess or exercise in any such event.

     SECTION 4.2. Suits. The Mortgagor also hereby irrevocably appoints the Mortgagee and its successors
and assigns, with full power of substitution, the true and lawful attorneys of the Mortgagor, in
its name and stead, to appear in the name of the Mortgagor, its successors or assigns, in any court
where a suit is pending against the Vessels, or any of them, because of or on account of any
alleged Lien against such Vessel or Vessels from which such Vessel or Vessels have not been
released and to take such proceedings as the Mortgagee reasonably may deem proper towards the
defense of such suit and the purchase or discharge of such Lien, and all expenditures made or
incurred by the Mortgagee for the purpose of such defense or discharge shall constitute Mortgagee’s
Costs.

          The Mortgagor hereby expressly and irrevocably consents to the jurisdiction of any court in
any jurisdiction whatsoever wherein any Vessel may at any time be located outside of the
continental United States for the sole purposes of the foreclosure of this Fleet Mortgage, the sale
of the Mortgagor’s interest in such Vessel or the enforcement of any other remedy or right
hereunder, and hereby expressly and irrevocably submits the person of the Mortgagor and its
interest in such Vessel to the jurisdiction of any such court in any such action or proceeding.

     SECTION 4.3. Powers and Remedies Cumulative; No Waiver. Each and every power and remedy herein
specifically given to the Mortgagee or otherwise available pursuant to this Fleet Mortgage shall be
cumulative and shall be in addition to every other power and remedy herein specifically given or
now or hereafter existing at law, in equity, in admiralty or by statute, and each and every power
and remedy whether specifically herein given or otherwise existing
may be exercised from time to time and as often and in such order as may be determined by the

Page 15

 

Mortgagee and the exercise or the beginning of the exercise of any power or remedy shall not be
construed to be a waiver of the right to exercise at the same time or thereafter any other power or
remedy. No notice to or demand on the Mortgagor in any instance shall entitle the Mortgagor to any
other or further notice or demand in similar or other circumstances. No delay or omission by the
Mortgagee in the exercise of any right or power or in pursuance of any remedy occurring upon an
Event of Default shall impair any such right, power or remedy or be construed to be a waiver of any
default on the part of the Mortgagor or to be an acquiescence therein, nor shall the acceptance by
the Mortgagee of any security or of any payment of or on account of any advances after any past
Event of Default or of any payment on account of any past Event of Default be construed to be a
waiver of any right to take advantage of any future Event of Default or of any past Event of
Default not completely cured thereby.

ARTICLE 5

RELEASE OF VESSELS AND MORTGAGE

OF ADDITIONAL VESSELS

     SECTION 5.1. Definitions. For purposes of this Article 5, the following terms shall have the
respective meanings set forth below:

          “Release” shall mean a release, substantially in the form of Annex B (with
such changes as shall be required in order to enable such release to be filed and recorded in
accordance with the provisions of Chapter 313), of one or more Vessels from the Lien of this Fleet
Mortgage executed by the Mortgagee and delivered to the Mortgagor.

          “Release Request” shall mean a request delivered by the Mortgagor to the Mortgagee
pursuant to and in accordance with the requirements of Section 5.2 hereof.

          “Supplement” shall mean a supplement to this Fleet Mortgage, substantially in the form
of Annex C hereto (with such changes as shall be required in order to enable such
supplement to be filed and recorded in accordance with the provisions of Chapter 313) that subjects
one or more Eligible Vessels to the Lien of this Fleet Mortgage, executed by the Mortgagor and
delivered to the Mortgagee pursuant to and in accordance with the requirements of Section 5.3
hereof.

     SECTION 5.2. Release of Vessels.

          (a) The Mortgagor may deliver a Release Request to the Mortgagee at any time prior to any sale
or disposition of a Vessel or Vessels by the Mortgagor not prohibited by Section 6.04 of the Loan
Agreement (a “Permitted Sale”). Any Release Request shall be in writing, be signed on behalf of
the Mortgagor, certify that such Permitted Sale will be in accordance with the Loan Agreement,
identify the Vessel or Vessels to be released and be accompanied by a form of Release respecting
such Vessel or Vessels for execution by the Mortgagee.

          (b) After receiving a Release Request that satisfies the requirements of the preceding
paragraph (a) and provided no Event of Default has occurred and is continuing, the

Page 16

 

Mortgagee shall
deliver to the Mortgagor a Release covering the Vessel or Vessels designated in such Release
Request. Upon recordation, the Mortgagor shall deliver to the Mortgagee evidence thereof.

     SECTION 5.3. Mortgage of Additional Vessels.

          (a) If the Mortgagor acquires any additional vessel or vessels to be added to this Fleet
Mortgage, on or before the last day of June or December of each semi-annual period (the “Supplement
Date”), the Mortgagor shall prepare, execute and deliver to the Mortgagee a Supplement with respect
to such additional vessel or vessels; provided however that the first Supplement shall not
be delivered until the Supplement Date immediately following Mortgagee’s receipt of a Certificate
of Ownership of the Vessels (CG-1330). Upon execution of the Supplement by the Mortgagee, the
Mortgagor shall cause such Supplement to be recorded and shall otherwise take all steps necessary
in order to subject the vessel or vessels named therein to the Lien of this Fleet Mortgage, subject
to all of the terms and provisions hereof. At the time of the execution and recordation of such
Supplement, (i) the Mortgagor shall deliver to the Mortgagee a copy of the Supplement, together
with evidence of recordation, (ii) the Mortgagor shall deliver to the Mortgagee certificates of
insurance or other evidence reasonably satisfactory to the Mortgagee that the Mortgagor has insured
the Vessel or Vessels covered by such Supplement in accordance with the requirements set forth in
Section 2.17 of this Fleet Mortgage, (iii) the Mortgagor shall deliver to the Mortgagee an opinion
of counsel reasonably satisfactory to the Mortgagee, substantially in the form of Annex D
hereto, and (iv) the Mortgagor shall deliver to the Mortgagee such other documents and take such
other steps as may be reasonably requested by the Mortgagee.

          (b) If any subsidiary of the Mortgagor, which is incorporated or organized under the laws of
the United States of America, any State thereof or the District of Columbia, acquires any
additional vessel or vessels during any semi-annual period, then on or before the next succeeding
Supplement Date, the Mortgagor shall cause such subsidiary to subject such vessel or vessels to a
first preferred mortgage, substantially in the form of this Fleet Mortgage, in favor of the
Mortgagee, or if applicable, a mortgage supplement in the same manner as described in this Section
5.3.

     SECTION 5.4. Costs. The Mortgagor shall, promptly upon receiving invoices therefor, pay all costs
and expenses incurred by the Mortgagor and the Mortgagee in connection with the matters
contemplated by this Article 5 (including, without limitation, the reasonable costs of negotiating,
preparing, duplicating and delivering documents, all filing and recording fees and similar charges
and the reasonable fees and disbursements of counsel) and reimburse the Mortgagee for any such
costs and expenses paid by them, which amounts shall constitute Mortgagee’s Costs.

ARTICLE 6

SUNDRY PROVISIONS

Page 17

 

     SECTION 6.1. Amount of Fleet Mortgage. For purposes of Section 31321(b)(3) of Title 46 of the Code,
the amount of the direct or contingent obligations that are or may be secured by this Fleet
Mortgage (excluding interest, expenses and fees) is
$[                              ] plus interest, expenses,
fees, indemnities and costs of performance of the covenants contained in this Fleet Mortgage, the
Loan Agreement and in the other Loan Documents.

     SECTION 6.2. Counterparts. This Fleet Mortgage and any amendment hereof may be executed in any
number of counterparts and all such counterparts executed and delivered each as an original shall
constitute but one and the same instrument.

     SECTION 6.3. Currency. The terms “Dollars” and “$” as used herein shall mean any coin or currency
of the United States of America which at the time of payment shall be legal tender for public and
private debts.

     SECTION 6.4. Assignment; Successors. All the covenants, promises, stipulations and agreements of
the Mortgagor in this Fleet Mortgage contained shall bind the Mortgagor and its successors and
assigns and shall inure to the benefit of the Mortgagee and its successors and assigns. The
Mortgagor acknowledges that the Mortgagee may assign its interests, in whole or in part, in this
Fleet Mortgage, to any third party and, for such purpose, the Mortgagor waives all right to notice
or consent. The Mortgagor may not assign any of its rights or obligations hereunder without the
prior written consent of the Mortgagee.

     SECTION 6.5. Agents of Mortgagee. Wherever and whenever herein any right, power or authority is
granted or given to the Mortgagee, such right, power and authority may be exercised in all cases by
the Mortgagee through such agent or agents or official or officials as the Mortgagee may appoint or
authorize, and the act or acts of such agent or agents or official or officials when taken shall
constitute the act of the Mortgagee.

     SECTION 6.6. Severability. If any word, phrase, sentence, paragraph, provision or section of this
Fleet Mortgage shall be held, declared, or pronounced void, voidable, invalid, unenforceable or
inoperative for any reason by any court of competent jurisdiction, such holding, declaration or
pronouncement shall not adversely affect any other word, phrase, sentence, paragraph, provision or
section of this Fleet Mortgage which will otherwise remain in full force and effect and be enforced
in accordance with its terms, and the effect of such holding, declaration or pronouncement shall be
limited to the territory or the jurisdiction in which made.

     SECTION 6.7. Amendments; Supplements. This Fleet Mortgage may not be amended or supplemented except
in writing by the Mortgagor and the Mortgagee. The provisions of this Fleet Mortgage may not be
waived except in writing by the Mortgagee.

     SECTION 6.8. Governing Law. This Fleet Mortgage shall be deemed to be a mortgage under the laws of
the State of New York and shall, for all purposes, be construed in
accordance with the laws of the United States, including without limitation, Chapter 313, and
to the extent such laws shall not be applicable, then in accordance with the laws of the State of
New York as applied to contracts made, executed and performed within the State of New York,

Page 18

 

including Sections 5-1401 and 5-1402 of the New York General Obligations Law, but excluding all
other choice of law and conflicts of laws provisions.

     SECTION 6.9. Recordation of Mortgage. The cost and expense of recording this Fleet Mortgage, and
the cost and expense of obtaining certified copies of this Fleet Mortgage, shall be paid by the
Mortgagor, and the Mortgagor agrees to pay the same or reimburse the Mortgagee, as the case may be,
within ten (10) days after demand. If such sums are not so paid, and if they are borne or paid by
the Mortgagee, such sums shall be Mortgagee’s Costs.

     SECTION 6.10. No Waiver of Preferred Status. Nothing contained herein shall be construed as a waiver
by the Mortgagee of the preferred status of this Fleet Mortgage, and any provision which would
otherwise constitute such a waiver shall to such extent be of no force or effect.

     SECTION 6.11. Waiver. The Mortgagor agrees that it will not at any time or in any manner whatever
claim or take any benefit of any stay, extension or moratorium law which may affect the terms of
this Fleet Mortgage; nor claim or take any benefit of any law providing for the valuation or
appraisal of the Vessels, or any of them, prior to any sale thereof; and the Mortgagor hereby
expressly waives all benefit or advantage of any such law, and covenants not to hinder, delay, or
impede the execution of any power or remedy herein granted or available at law or in equity to the
Mortgagee, but to suffer and permit the execution of every power and remedy as though no such law
existed.

     SECTION 6.12. Further Assurances. At the request of the Mortgagee, from time to time the Mortgagor
will execute, on its own behalf, such other and further instruments and documents as in the opinion
of the Mortgagee or special counsel to the Mortgagee may be required, useful or desirable to
subject each Vessel more effectually to the Lien of this Fleet Mortgage or to obtain or maintain
the full benefits of this Fleet Mortgage. Upon the failure of the Mortgagor so to do, the
Mortgagee may execute any and all such other and further assurances and documents for and in the
name of the Mortgagor, and the Mortgagor hereby irrevocably appoints the Mortgagee the agent and
attorney-in-fact of the Mortgagor so to do, and any expense of the Mortgagee in connection
therewith shall constitute Mortgagee’s Costs.

     SECTION 6.13. Notices. Notices and other communications provided for herein shall be given as
provided in the Loan Agreement.

[Remainder of Page Intentionally Left Blank]

Page 19

 

          IN WITNESS WHEREOF, the Mortgagor has executed this Fleet Mortgage effective on the day and
year first above written.

	 	 	 	 	 
	 	AMERICAN COMMERCIAL LINES LLC

 	 
	 	By:  	 	 
	 	 	Name:  	Dawn R. Landry 	 
	 	 	Title:  	Vice President and Secretary 	 
	 

	 	 	 	 	 	 
	STATE OF INDIANA

	 	 	)	 	 
	 

	 	 	)	 	SS:
	COUNTY OF CLARK

	 	 	)	 	 

          The foregoing instrument was acknowledged before me this ___ day of July, 2009, by Dawn R.
Landry, the Vice President and Secretary of AMERICAN COMMERCIAL LINES LLC, a Delaware limited
liability company, on behalf of the company.

	 	 	 	 	 	 
	 	 	 
	 	  	
 	 
	 	 	NOTARY PUBLIC 	 
	 	 	
Printed Name: 	 	 
	 	 	My Commission Expires:	 	 
	 

[Acknowledgment Page to

First Preferred Fleet Mortgage — Barges (American Commercial Lines LLC)]

 

 

Schedule I

LIST OF VESSELS

	 	 	 
	Vessel Name

	 	Official Number

Schedule 1

 

 

Schedule 2.14

EXISTING CHARTERS

Schedule 2.14

 

 

ANNEX A

FORM OF LOAN AGREEMENT

Annex A-1

 

 

ANNEX B

FORM OF PARTIAL RELEASE OF FIRST PREFERRED FLEET MORTGAGE

          BANK OF AMERICA, N.A., a national banking association, as administrative agent, collateral
agent and security trustee, pursuant to that certain Loan Agreement dated as of July 7, 2009,
located at 335 Madison Avenue, New York, New York 10017 (in such capacity, the “Mortgagee”), does
hereby certify that the [vessel/vessels] listed on Attachment A attached hereto and made a part
hereof that were mortgaged to the Mortgagee under that certain First Preferred Fleet Mortgage dated
and effective as of July 7, 2009 and filed in the Office of the United States Coast Guard National
Vessel Documentation Center (the “NVDC”) at _____.m. on July ___, 2009, and recorded in
Batch Number _____, Document I.D. ___, as supplemented and amended by:

          [Insert any Supplements and/or Amendments to the Fleet Mortgage, including recordation
information.]

          (as previously supplemented and amended, the “Fleet Mortgage”), made and executed by AMERICAN
COMMERCIAL LINES LLC, a Delaware limited liability company, with its address at 1701 East Market
Street, Jefferson, Indiana 47130, to secure payment to the Mortgagee of the total principal amount
of $[_____], plus interest, expenses, fees, indemnities and the costs of performance of
mortgage and other covenants, on the whole of the vessels listed on Schedule I therein, [is/are]
hereby released from the lien of the Fleet Mortgage. All other vessels listed on Schedule I to the
Fleet Mortgage but not listed on Attachment A remain subject to the lien of the Fleet Mortgage.

[Remainder of Page Intentionally Left Blank]

Annex B-1

 

 

          IN WITNESS WHEREOF, the Mortgagee has caused this Partial Release of First Preferred Fleet
Mortgage to be executed this _____day of _____, 20___.

	 	 	 	 	 
	 	MORTGAGEE:

BANK OF AMERICA, N.A.

in its capacity as Administrative Agent,

Collateral Agent and Security Trustee

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 	 	 
	STATE OF NEW YORK

	 	 	)	 	 	 
	 

	 	 	)	 	 	SS:
	COUNTY OF NEW YORK

	 	 	)	 	 	 

          The foregoing instrument was acknowledged before me this _____day of                     , 200___,
on behalf of the Mortgagee by                     , the                      of BANK OF AMERICA, N.A., a
national banking association.

	 	 	 	 	 	 
	 	 	 
	 	  	
 	 
	 	 	NOTARY PUBLIC 	 
	 	 	
Printed Name: 	 	 
	 	 	My Commission Expires:	 	 
	 

Annex B-2

 

 

ANNEX C

SUPPLEMENT NO. ___

to

FIRST PREFERRED FLEET MORTGAGE

          THIS SUPPLEMENT NO. ___, dated and effective as of the _____day of                     , 20___,
(this “Supplement”) to that certain First Preferred Fleet Mortgage dated and effective as of July
7, 2009, is entered into between AMERICAN COMMERCIAL LINES LLC, a Delaware limited liability
company (the “Mortgagor”) and BANK OF AMERICA, N.A., as administrative agent, collateral agent and
security trustee (in such capacity, the “Mortgagee”) under that certain Loan Agreement dated as of
July 7, 2009 (the “Loan Agreement”).

RECITALS

     A. This Supplement supplements that certain First Preferred Fleet Mortgage dated and effective
as of July 7, 2009, made by the Mortgagor in favor of the Mortgagee and filed in the Office of the
United States Coast Guard National Vessel Documentation Center (the “NVDC”) at                      ___.m. on
July ___, 2009, and recorded in Batch Number ___, Document I.D. ___, as supplemented and amended
by:

     [Insert prior Supplements and/or Amendments to the Fleet Mortgage, including recordation
information.]

(said First Preferred Fleet Mortgage, as the same has heretofore been and may hereafter be
amended, supplemented and restated is herein called the “Fleet Mortgage”) on the Vessels identified
on Schedule I attached hereto.

          B. This is a supplement that covers the whole of the [vessel/vessels] listed on Schedule II
attached hereto as more fully described in the Granting Clause hereof. [Such vessel/each of such
vessels] has been duly documented in the name of the Mortgagor or for which an application for such
[vessel/vessels] to be duly documented in the name of the Mortgagor has been filed at the United
States Coast Guard National Vessel Documentation Center that is in substantial compliance with the
requirements of chapter 121 of Title 46 of the United States Code, as amended, and the regulations
prescribed under that chapter under the laws and flag of the United States. The Mortgagor is the
true, lawful and sole owner of the whole of each of the [vessel/vessels] identified on Schedule II.

Annex C-1

 

 

	 	 	 	 	 
	 

	 	C.
	 	The full name and address of the Mortgagor is:
	 
	 

	 	 	 	American Commercial Lines LLC
	 

	 	 	 	1701 East Market Street
	 

	 	 	 	Jeffersonville, Indiana 47130
	 

	 	 	 	Attention: General Counsel
	 
	 	 	 	 
	 

	 	D.
	 	The full name and address of the Mortgagee is:
	 
	 	 	 	 
	 

	 	 	 	Bank of America, N.A.,
	 

	 	 	 	as administrative agent, collateral agent and security trustee
	 

	 	 	 	135 S. LaSalle, Suite 465
	 

	 	 	 	Chicago, Illinois 60603
	 

	 	 	 	Attention: Peter M. Walther

          E. For purposes of 46 U.S.C. §31321(b)(3), the amount of the direct or contingent obligations
that are or may be secured by this Supplement (excluding interest, expenses and fees) is
$                     plus interest, expenses, fees, indemnities and costs of performance of the
covenants contained in this Supplement, the Fleet Mortgage, the Loan Agreement and in the other
Loan Documents.

          F. The Fleet Mortgage was granted by the Mortgagor to secure the payment of the Secured
Obligations.

          G. Pursuant to the provisions of Section 5.3 of the Fleet Mortgage, the Mortgagor is now
required to subject [an] additional [vessel/vessels] to the Lien of the Fleet Mortgage by executing
and delivering to the Mortgagee this Supplement.

GRANTING CLAUSES

          NOW, THEREFORE, in consideration of the premises and of other valuable consideration, the
receipt and sufficiency of which the Mortgagor hereby acknowledges, and in order to secure the
timely payment in full and the full performance of all Secured Obligations, the Mortgagor has
granted, conveyed, mortgaged, pledged, assigned, transferred, set over and confirmed and subjected
to the Lien of the Fleet Mortgage, and by these presents the Mortgagor does grant, convey,
mortgage, pledge, assign, transfer, set over and confirm and subject to the lien of the Fleet
Mortgage unto the Mortgagee and its successors and assigns, the whole of the [vessel/vessels]
identified in Recital B above, [each of] which is duly documented in the name of the Mortgagor or
for which an application for such [vessel/vessels] to be duly documented in the name of the
Mortgagor has been filed at the United States Coast Guard National Vessel Documentation Center that
is in substantial compliance with the requirements of chapter 121 of Title 46 of the United States
Code, as amended, and the regulations prescribed under that chapter, under the laws and flag of the
United States of America, including, without being limited to, all of the boilers, engines,
machinery, masts, spars, rigging, boats, pumps, anchors, cables, chains, tackle, apparel,
furniture, fittings, equipment and other appurtenances appertaining or belonging thereto, whether
now owned or hereafter acquired, and all additions, improvements and replacements hereafter made in
or to any vessel, or any part thereof whether

Annex C-2

 

 

on board or not, including all items and appurtenances aforesaid and all rents, charters, charter
parties, freights, sub-freights, cargoes, operating profits, and proceeds of the foregoing ([each]
such vessel and all items thereof above enumerated being included in the term “Vessel” as used in
the Fleet Mortgage);

          TO HAVE AND TO HOLD the same unto and for the proper use and benefit of the Mortgagee, its
successors and assigns, forever, upon the terms of the Fleet Mortgage. [The/each] Vessel
identified herein shall be subjected to the Lien of the Fleet Mortgage by this Supplement;

ARTICLE 1

GENERAL PROVISIONS

          SECTION 1.1 Definitions. Capitalized terms used but not defined herein shall have the
same meanings set forth with respect thereto in the Fleet Mortgage.

          SECTION 1.2 Schedule I. Schedule I to the Fleet Mortgage is hereby supplemented by
the inclusion thereon of the Vessels listed in Schedule II hereto with the effect that such Vessels
shall hereafter be included as “Vessels” for all purposes of the Fleet Mortgage.

ARTICLE 2

REPRESENTATIONS OR WARRANTIES OF THE MORTGAGOR

          SECTION 2.1 Restatement and Incorporation of Representations or Warranties. The
Mortgagor hereby confirms the accuracy of each of the representations and warranties of the Fleet
Mortgage as of the date hereof with respect to each Vessel identified herein.

ARTICLE 3

RELATIONSHIP TO MORTGAGE

          SECTION 3.1 Part of the Mortgage. This Supplement supplements the Fleet Mortgage and
shall, from and after the date hereof, constitute a part of the Fleet Mortgage for all purposes.

          SECTION 3.2 Ratification of the Mortgage. The Fleet Mortgage remains in full force
and effect and, except as expressly supplemented by this Supplement, the Fleet Mortgage and each of
its provisions is hereby in all respects ratified and confirmed.

ARTICLE 4

SUNDRY PROVISIONS

          SECTION 4.1 Counterparts. This Supplement may be executed in any number of
counterparts, each of which shall for all purposes be deemed to be an original and such
counterparts taken together shall be deemed to constitute one and the same instrument.

Annex C-3

 

 

          SECTION 4.2 Governing Law. This Supplement shall be deemed to be a contract under
the laws of the State of New York and shall, for all purposes, be construed in accordance with the
laws of the United States, including without limitation, Chapter 313, and to the extent such laws
shall not be applicable, then in accordance with the laws of the State of New York as applied to
contracts made, executed and performed within the State of New York, including Sections 5-1401 and
5-1402 of the New York General Obligations Law, but excluding all other choice of law and conflicts
of laws provisions.

          SECTION 4.3 Recordation of Supplement. The cost and expense of recording this
Supplement, and the cost and expense of obtaining certified copies of this Supplement, shall be
paid by the Mortgagor, and the Mortgagor agrees to pay the same or reimburse the Mortgagee, as the
case may be, within 10 days after demand. If such sums are not so paid, and if they are borne or
paid by the Mortgagee, such sums shall be Mortgagee’s Costs.

          SECTION 4.4 Further Assurances. At the request of the Mortgagee, from time to time
the Mortgagor will execute, on its own behalf, such other and further instruments and documents as
in the opinion of the Mortgagee or special counsel to the Mortgagee may be required, useful or
desirable to subject each Vessel more effectually to the Lien of the Fleet Mortgage or to obtain or
maintain the full benefits of the Fleet Mortgage. Upon the failure of the Mortgagor so to do, the
Mortgagee may execute any and all such other and further assurances and documents for and in the
name of the Mortgagor, and the Mortgagor hereby irrevocably appoints the Mortgagee the agent and
attorney-in-fact of the Mortgagor so to do, and any expense of the Mortgagee in connection
therewith shall constitute Mortgagee’s Costs.

[Remainder of Page Intentionally Left Blank]

Annex C-4

 

 

          IN WITNESS WHEREOF, the Mortgagor has caused this Supplement No. ___ to the First Preferred
Fleet Mortgage to be duly executed and delivered as of the day and year first above written.

	 	 	 	 	 
	 	MORTGAGOR:

AMERICAN COMMERCIAL LINES LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 	 	 
	STATE OF                                              

	 	 	)	 	 	 
	 

	 	 	)	 	 	SS:
	COUNTY OF                                         

	 	 	)	 	 	 

          The foregoing instrument was acknowledged before me this ___ day of                     , 200___,
on behalf of the Mortgagor by                     , the                      of AMERICAN COMMERCIAL LINES
LLC, a Delaware limited liability company.

	 	 	 	 	 	 
	 	 	 
	 	  	
 	 
	 	 	NOTARY PUBLIC 	 
	 	 	
Printed Name: 	 	 
	 	 	My Commission Expires:	 	 
	 

Annex C-5

 

 

          IN WITNESS WHEREOF, the Mortgagee has caused this Supplement No. ___ to the First Preferred
Fleet Mortgage to be duly executed and delivered as of the day and year first above written.

	 	 	 	 	 
	 	MORTGAGEE:

BANK OF AMERICA, N.A.,

in its capacity as Administrative Agent,

Collateral Agent and Security Trustee

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 	 	 
	STATE OF NEW YORK

	 	 	)	 	 	 
	 

	 	 	)	 	 	SS:
	COUNTY OF NEW YORK

	 	 	)	 	 	 

          The foregoing instrument was acknowledged before me this ___ day of                     , 200___,
on behalf of the Mortgagee by                     , the                      of BANK OF AMERICA, N.A., a
national banking association.

	 	 	 	 	 	 
	 	 	 
	 	  	
 	 
	 	 	NOTARY PUBLIC 	 
	 	 	
Printed Name: 	 	 
	 	 	My Commission Expires:	 	 
	 

Annex C-6

 

 

Schedule I to Supplement No. __

LIST OF VESSELS FROM FLEET MORTGAGE

	 	 	 
	Name

	 	Official Number

Annex C-7

 

 

Schedule II to Supplement No. ____

LIST OF VESSELS ADDED BY SUPPLEMENT

	 	 	 
	Name

	 	Official Number

Annex C-8

 

 

ANNEX D

Form of Legal Opinion

[date]

Bank of America, N.A.,

as Mortgagee

355 Madison Avenue

New York, New York 10017

Gentlemen:

     I am general counsel to AMERICAN COMMERCIAL LINES LLC, a Delaware limited liability company
(the “Mortgagor”), in connection with that certain Supplement
 No. ___ dated                     , ___ (the
“Mortgage Supplement”) to that certain First Preferred Fleet Mortgage dated July 7, 2009 (as
supplemented, amended and restated, the “Fleet Mortgage”), given by the Mortgagor in favor of Bank
of America, N.A., as administrative agent, collateral agent and security trustee, pursuant to that
certain Loan Agreement dated as of July 7_, 2009 (the “Mortgagee”).

     In connection with this opinion, I have examined (a) an executed copy, certified or otherwise
identified to my satisfaction, of the Mortgage Supplement, (b) such other agreements, documents,
certificates and corporate records of the Mortgagor and official records, affidavits and other
instruments, and (c) such laws and regulations, as I deemed appropriate for the purposes of this
opinion. As to factual matters, I have, in certain instances, examined and relied upon
certificates of corporate officers of the Mortgagor, copies of which are delivered to you
simultaneously herewith and have assumed the genuineness of all signatures, the legal capacity of
natural persons, the authenticity of all documents submitted to me as originals and the conformity
with the originals of all documents submitted to me as copies. For purposes of this opinion, I
have assumed that the Mortgage Supplement has been duly and validly authorized, executed and
delivered and constitutes the legal, valid and binding obligations of the Mortgagor and the
Mortgagee, enforceable in accordance with its terms under the laws of the State of New York.

     Based upon the foregoing and subject to the further limitations, assumptions and
qualifications set forth herein, I am of the opinion that:

     1. The Mortgagor is the sole owner of the whole of [the vessel/each of the vessels] identified
on Schedule II to the Mortgage Supplement (the “[New Vessel/Vessels]”). [The/each] New Vessel is
free and clear of any claim, lien, mortgage or other encumbrance of any character of record except
for the Fleet Mortgage and except as set forth on Exhibit A attached hereto. To the extent that
this opinion relates to ownership and freedom and clearance of claims, liens, mortgages or other
encumbrances on the [New Vessel/Vessels], I have relied upon the certificates as to such matters,
dated the date above, of the Mortgagor and records of the United States Coast Guard National Vessel
Documentation Center.

Annex D-1

 

 

     2. [The New Vessel/each of the New Vessels] is eligible for documentation and is duly
documented under the laws of the United States under 46 U.S.C. Chapter 121.

     3. The Mortgage Supplement has been duly filed and recorded at the National Vessel
Documentation Center (the only office in which such filing and recording are necessary), and
constitutes a fully perfected “preferred” mortgage on each of the New Vessels in favor of the
Mortgagee having the effect and with the priority provided by 46 U.S.C. Section 31301 et seq., and
subject to no other lien or encumbrance of record.

     The foregoing opinion is subject to the following qualifications:

     (a) Enforcement of the Mortgage Supplement may be (i) limited by applicable bankruptcy,
insolvency, moratorium, reorganization or similar laws affecting the enforcement of creditors’
rights generally, (ii) subject to general principles of equity (regardless of whether such
enforcement is considered in a proceeding in equity or at law), and (iii) subject to the fact that
some of the provisions of the Mortgage Supplement may be rendered void or unenforceable in whole or
in part by the laws of certain jurisdictions in which enforcement may be sought, but that fact will
not materially interfere with the practical realization of the benefits of the security provided by
the Mortgage Supplement, and the inclusion of such provisions does not affect the validity of the
Mortgage Supplement and without which provisions the Mortgage Supplement contains adequate
provisions for enforcing payment of the Secured Obligations (as such term is defined in each Fleet
Mortgage) and realizing upon the security provided by the Mortgage Supplement;

     (b) No opinion is expressed as to the specific remedy, if any, that any court, other
governmental authority or arbitrator may grant, impose or render; and

     (c) I express no opinion with respect to the law of any jurisdiction other than the federal
law of the United States of America.

     This opinion is given as of the date hereof and is intended solely for your benefit and is not
to be made available to or relied upon by other persons or entities without the undersigned’s prior
written consent.

Very truly yours,

Annex D-2

 

 

GUARANTY AGREEMENT

          This Guaranty Agreement (as may be amended, amended and restated, supplemented or otherwise
modified, renewed or replaced from time to time, the “Guaranty Agreement”), dated as of
July 7, 2009, is executed by each of the parties listed on Schedule I hereto (together with
each additional Domestic Subsidiary which becomes party to this Guaranty Agreement pursuant to
Section 5.11 of the Loan Agreement (as defined below), the “Guarantors”), in favor of Bank
of America, N.A., as administrative agent and collateral agent (in such capacity, the
“Agent”) for the Lenders (as defined below). Capitalized terms not otherwise defined
herein shall have the meanings ascribed to them in the Loan Agreement.

RECITALS

          WHEREAS, pursuant to that certain Loan Agreement dated as of the date hereof by and among
Agent and the lending institutions from time to time party thereto (such lending institutions,
together with their respective successors and assigns, are referred to hereinafter each
individually as a “Lender” and collectively as the “Lenders”) and Commercial Barge
Line Company, American Commercial Lines LLC, Jeffboat LLC, and ACL Transportation Services LLC
(collectively, the “Borrowers”) and the Guarantors, including all annexes, exhibits and
schedules thereto, as from time to time amended, restated, supplemented or otherwise modified, (the
“Loan Agreement”), Lenders have agreed to make the Loans and issue Letters of Credit on
behalf of Borrowers; and

          WHEREAS, it is a condition to the effectiveness of the Loan Agreement that this Guaranty
Agreement be executed and delivered by the parties hereto.

          NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, each Guarantor hereby
agrees for the benefit of the Lenders and the Agent (collectively, the “Secured Parties”)
as follows:

1. GUARANTY

          SECTION 1.1 Guaranty. (a) Each of the Guarantors, jointly and severally,
unconditionally and irrevocably guarantees to the Agent and the Lenders the due and punctual
payment by, and performance of, the Obligations (as defined in the Loan Agreement) by the Borrowers
(the “Guaranteed Obligations”). Each of the Guarantors further agrees that the Guaranteed
Obligations may be extended or renewed, in whole or in part, without notice or further assent from
it, and it will remain bound upon this guaranty notwithstanding any extension or renewal of any
Guaranteed Obligation.

          (b) Each of the Guarantors, to the extent permitted by applicable law, waives presentation
to, demand for payment from and protest to, as the case may be, the Borrowers, or any other
guarantor (including the Guarantors) of any of the Guaranteed Obligations, and also waives notice
of protest for nonpayment, notice of acceleration and notice of intent to accelerate. The
obligations of the Guarantors hereunder shall not be affected by: (i) the failure of any of the

 

 

Secured Parties to assert any claim or demand or to enforce any right or remedy against the
Borrowers, or any other guarantor of the Guaranteed Obligations (including the Guarantors) under
the provisions of the Loan Agreement or any other agreement or otherwise; (ii) any extension or
renewal of any provision hereof or thereof; (iii) any rescission, waiver, compromise, acceleration,
amendment or modification of any of the terms or provisions of the Loan Agreement or of any other
agreement; (iv) failure to perfect any security interest in or the release, exchange, waiver or
foreclosure of any security held by the Agent for the Guaranteed Obligations; or (v) the failure of
any of the Secured Parties to exercise any right or remedy against any other guarantor of the
Guaranteed Obligations.

          (c) Each of the Guarantors further agrees that this guaranty constitutes a guaranty of
performance and of payment when due and not just of collection, and waives, to the fullest extent
permitted by applicable law, any right to require that any resort be had by the Secured Parties to
any security held for payment of the Guaranteed Obligations or to any balance of any deposit,
account or credit on the books of any of the Secured Parties in favor of any Borrower or any other
guarantor (including the Guarantors), or to any other person.

          (d) Each of the Guarantors hereby expressly assumes all responsibilities to remain informed
of the financial condition of the Borrowers and other guarantors of the Guaranteed Obligations
(including the Guarantors) and any circumstances affecting the Borrowers’ collateral or the ability
of the Borrowers to perform under the Loan Agreement.

          (e) This guaranty shall not be affected by the genuineness, validity, regularity or
enforceability of the Guaranteed Obligations, or any other instrument evidencing any of the
Guaranteed Obligations, or by the existence, validity, enforceability, perfection, or extent of any
collateral therefor or by any other circumstance relating to the Guaranteed Obligations which might
otherwise constitute a defense to this Guaranty Agreement. None of the Secured Parties make any
representation or warranty in respect to any such circumstances or has any duty or responsibility
whatsoever to any Guarantor in respect to the management and maintenance of the Guaranteed
Obligations or the Borrowers’ collateral.

          SECTION 1.2 No Impairment of Guaranty. The obligations of the Guarantors hereunder
shall not be subject to any reduction, limitation, impairment or termination for any reason,
including, without limitation, any claim or waiver, release, surrender, alteration or compromise,
and shall not be subject to any defense (other than by payment of the Guaranteed Obligations in
full in cash) or set-off, counterclaim, recoupment or termination whatsoever by reason of the
invalidity, illegality or unenforceability of the Guaranteed Obligations or otherwise. Without
limiting the generality of the foregoing, the obligations of the Guarantors hereunder shall not be
discharged or impaired or otherwise affected by the failure of any of the Secured Parties to assert
any claim or demand or to enforce any remedy hereunder or under the Loan Agreement or any other
agreement, by any waiver or delay, willful or otherwise, in the performance of the Guaranteed
Obligations, or by any other act or thing or omission or delay to do any other act or thing which
may or might in any manner or to any extent vary the risk of the Guarantors or would otherwise
operate as a discharge of the Guarantors as a matter of law, unless and until the Guaranteed
Obligations are paid in full.

2

 

          SECTION 1.3 Continuation and Reinstatement, etc. Each of the Guarantors further
agrees that its guaranty hereunder shall continue to be effective or be reinstated, as the case may
be, if at any time payment, or any part thereof, of principal of or interest on any Guaranteed
Obligation is rescinded or must otherwise be restored by any of the Secured Parties upon the
bankruptcy or other reorganization of any Borrower or any other guarantor of the Guaranteed
Obligations (including the Guarantors), or otherwise. In furtherance of the provisions of this
Guaranty Agreement, and not in limitation of any other right which the Secured Parties may have at
law or in equity against any Borrower or any other guarantor of the Guaranteed Obligations
(including the Guarantors), by virtue hereof, upon failure of any Borrower to pay any Guaranteed
Obligation when and as the same shall become due, whether at maturity, by acceleration, after
notice or otherwise, the Guarantors hereby promise to and will, upon receipt of written demand by
the Agent, forthwith pay or cause to be paid to the Agent on behalf of the Lenders in cash an
amount equal to the unpaid amount of all Guaranteed Obligations arising in connection with the Loan
Agreement together with interest on the portion thereof that represents outstanding Loans (as
defined in the Loan Agreement, “Loans”) at the rate provided for in Section 2.06 of the
Loan Agreement.

          Upon payment by the Guarantors of any sums to any of the Secured Parties hereunder, all rights
of the Guarantors against the Borrowers, arising as a result thereof by way of right of subrogation
or otherwise, shall in all respects be subordinate and junior in right of payment to the prior
final and indefeasible payment in full of all the Guaranteed Obligations to the Secured Parties.
If an amount shall be paid to any Guarantor for the account of any Borrower in respect of the
rights referred to in the preceding sentence, such amount shall be held in trust for the benefit of
the Lenders to be credited and applied to the Guaranteed Obligations, whether matured or unmatured.

          SECTION 1.4 Limitation on Guaranteed Amount; Contribution. (a) Notwithstanding any
other provision of this Guaranty Agreement, the amount guaranteed by each Guarantor hereunder shall
be limited to the extent, if any, required so that its obligations under this Guaranty Agreement
shall not be subject to avoidance under Section 548 of the Bankruptcy Code or to being set aside or
annulled under any applicable state law or foreign statute relating to fraud on creditors. In
determining the limitations, if any, on the amount of each Guarantor’s obligations hereunder
pursuant to the preceding sentence, any rights of subrogation or contribution which the Guarantor
may have under this Guaranty Agreement or applicable statute shall be taken into account.

          (b) Without in any way modifying or affecting the Guarantors’ obligations hereunder, to the
extent a Guarantor makes any payment hereunder which, when added to all preceding payments made by
the Guarantor hereunder would result in the aggregate payments hereunder by the Guarantor exceeding
its Portion of all payments then or theretofore made by all Guarantors hereunder, under the Loan
Documents as defined in the Loan Agreement (the “Loan Documents”) such Guarantor shall have
a right of contribution against each other Guarantor whose aggregate payments hereunder, under any
Loan Document at any time of determination are less than its Portion of all payments made by all
Guarantors, in an amount, and with the effect that, after giving effect to any such contribution
rights, each Guarantor will be responsible only for its Portion of all payments made hereunder,
under any Loan Document by all

3

 

Guarantors. As used in this Section 1.4(b), a Guarantor’s “Portion” shall mean the percentage
obtained by dividing (i) the amount of such Guarantor’s obligation hereunder, under any Loan
Document, as such amount would be determined pursuant to paragraph (a) of this Section 1.4 or the
equivalent sections in any other Loan Documents without taking into account its rights of
subrogation and contribution contained herein, under any Loan Document by (ii) the aggregate of the
amounts of all Guarantors’ obligations hereunder, under any Loan Document, as such amounts would be
determined pursuant to paragraph (a) of this Section 1.4 or the equivalent sections in any other
Loan Documents without taking into account the rights of subrogation and contribution contained
herein or therein of any Guarantors.

2. REPRESENTATIONS AND WARRANTIES

          Each of the Guarantors acknowledges that the Guarantors have made certain representations and
warranties to the Secured Parties in the Loan Agreement and further acknowledges that such
representations and warranties are true and correct.

3. MISCELLANEOUS

          SECTION 3.1 Notices. All communications and notices hereunder shall be in writing
and given as provided in Section 9.02 of the Loan Agreement.

          SECTION 3.2 Waivers; Amendments. No amendment or waiver of any provision of this
Guaranty Agreement, and no consent with respect to any departure by any Guarantor therefrom, shall
be effective unless such amendment, modification, or consent is in writing and signed by the Agent
and the Guarantor or Guarantors to which such amendment, modification, or consent is to apply, and
then any such amendment, waiver, or consent shall be effective only in the specific instance and
for the specific purpose for which given.

          SECTION 3.3 Successors and Assigns. The provisions of this Guaranty Agreement shall
be binding upon the Guarantors and inure to the benefit of the Secured Parties and, in each case,
their respective successors and assigns, except that the Guarantors may not assign or otherwise
transfer any of their rights or obligations hereunder without the prior written consent of the
Agent (and any attempted assignment or transfer by the Guarantors without such consent shall be
null and void).

          SECTION 3.4 Counterparts; Integration; Effectiveness. This Guaranty Agreement may be
executed in counterparts (and by different parties hereto on different counterparts), each of which
shall constitute an original, but all of which when taken together shall constitute a single
contract. This Guaranty Agreement constitutes the entire contract among the parties relating to
the subject matter hereof and supersedes any and all previous agreements and understandings, oral
or written, relating to the subject matter hereof. This Guaranty Agreement shall become effective
as to any Guarantor when a counterpart hereof executed on behalf of such Guarantor shall have been
delivered to the Agent. Delivery of an executed counterpart of a signature page of this Guaranty
Agreement by telecopy or email shall be effective as delivery of a manually executed counterpart of
this Guaranty Agreement.

4

 

          SECTION 3.5 Severability. Any provision of this Guaranty Agreement held to be
invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such invalidity, illegality or unenforceability without affecting the
validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a
particular provision in a particular jurisdiction shall not invalidate such provision in any other
jurisdiction.

          SECTION 3.6 Right of Setoff. Each Secured Party and each of its Affiliates is hereby
authorized at any time and from time to time following the occurrence and during the continuance of
an Event of Default under the Loan Agreement, to the fullest extent permitted by law, to set off
and apply any and all deposits (general or special, time or demand, provisional or final) at any
time held and other obligations at any time owing by such Secured Party or Affiliate to or for the
credit or the account of any Guarantor against any of and all the obligations of such Guarantor now
or hereafter existing under this Guaranty Agreement and the other Loan Documents held by such
Secured Party, irrespective of whether or not such Secured Party shall have made any demand under
this Guaranty Agreement or any other Loan Document and although such obligations may be unmatured.
The rights of each Secured Party under this Section are in addition to other rights and remedies
(including other rights of setoff) which such Secured Party may have.

          SECTION 3.7 Governing Law; Jurisdiction; Consent to Service of Process.

          (a) This Guaranty Agreement shall be construed in accordance with and governed by the
internal laws of the State of New York, without giving effect to any conflict of law principles.

          (b) The Guarantors hereby irrevocably and unconditionally submit, for themselves and their
property, to the nonexclusive jurisdiction of the Supreme Court of the State of New York sitting in
New York County and of the United States District Court of the Southern District of New York, and
any appellate court from any thereof, in any action or proceeding arising out of or relating to
this Guaranty Agreement, or for recognition or enforcement of any judgment, and each of the parties
hereto hereby 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 or, to the extent permitted by
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 Guaranty Agreement shall affect
any right that the Agent, or any Lender may otherwise have to bring any action or proceeding
relating to this Guaranty Agreement against the Guarantors or their properties in the courts of any
jurisdiction.

          (c) The Guarantors hereby irrevocably and unconditionally waive, to the fullest extent they
may legally and effectively do so, any objection which each of them may now or hereafter have to
the laying of venue of any suit, action or proceeding arising out of or relating to this Guaranty
Agreement in any court referred to in paragraph (b) of this Section. Each of the parties hereto
hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient
forum to the maintenance of such action or proceeding in any such court.

5

 

          (d) Each party to this Guaranty Agreement irrevocably consents to service of process in the
manner provided for notices in Section 3.1 hereof. Nothing in this Guaranty Agreement will affect
the right of any party to this Guaranty Agreement to serve process in any other manner permitted by
law.

          SECTION 3.8 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY 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 GUARANTY AGREEMENT OR THE
TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY
HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY 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 GUARANTY AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
CERTIFICATIONS IN THIS SECTION.

          SECTION 3.9 Headings. Section headings used herein are for convenience of reference
only, are not part of this Guaranty Agreement and shall not affect the construction of, or be taken
into consideration in interpreting, this Guaranty Agreement.

          SECTION 3.10 Additional Guarantors. Each subsequently acquired or organized Domestic
Subsidiary required by Section 5.11 of the Loan Agreement to become a party hereto as an additional
Guarantor (each such Person, an “Additional Guarantor”) shall execute an Instrument of
Assumption and Joinder (a “Joinder”) substantially in the form of Annex 1. Upon
execution and delivery of any Joinder to Collateral Agent, each such Additional Guarantor shall
become a Guarantor hereunder with the same force and effect as if originally named a Guarantor
herein. The execution and delivery of any instrument adding an Additional Guarantor as a party to
this Guaranty Agreement shall not require the consent of any other Guarantor hereunder. The rights
and obligations of each Guarantor hereunder shall remain in full force and effect notwithstanding
the addition of any new Guarantor as a party to this Guaranty Agreement.

[Remainder of page intentionally left blank]

6

 

          IN WITNESS WHEREOF, each of the Guarantors has caused this Guaranty Agreement to be executed
by its duly authorized officer as of the date first written above.

	 	 	 	 	 
	 	AMERICAN COMMERCIAL LINES INC.

 	 
	 	By:  	 	 
	 	 	Printed: 	 
	 	 	Title:  	 	 
	 

Signature Page to Guaranty Agreement

 

 

     SCHEDULE 1

GUARANTORS

	 	 	 
	 	 	Jurisdiction of
	Name	 	Incorporation
	 
	 	 
	American Commercial Lines Inc.

	 	Delaware
	 
	 	 
	The mailing address for the above is:

	 	c/o Commercial Barge Line Company

1701 East Market Street

Jeffersonville, Indiana 47130

Attn: SVP and General Counsel

Telecopy: (812) 288-0294

 

 

ANNEX 1

FORM OF INSTRUMENT OF JOINDER

          JOINDER AGREEMENT dated as of                      (the “Joinder Agreement”) made by [Insert
Name of New Guarantor] a [Insert State of Organization] [corporation, limited partnership or
limited liability company] (the “Company”) in favor of the Lenders (as defined in that
certain Guaranty Agreement dated as of July 7, 2009 (as such agreement may be amended, amended and
restated, supplemented or otherwise modified, renewed or replaced from time to time, the
“Guaranty Agreement”)) among the Guarantors referred to therein (the “Guarantors”)
and Bank of America, N.A. as Agent (as defined in the Guaranty Agreement). Capitalized terms used
but not defined herein shall have the meanings given to such terms in the Guaranty Agreement.

WITNESSETH

          The Company is a [Insert State of Organization] [corporation, limited partnership or limited
liability company], and is a subsidiary of [Insert name of Loan Party]. Pursuant to Section 3.10
of the Guaranty Agreement, the Company is required to execute this document as a newly [formed]
[acquired] subsidiary of [Insert name of Loan Party].

          NOW, THEREFORE, in consideration of the premises and other good and valuable consideration,
the receipt of which is hereby acknowledged, the Company hereby agrees as follows:

1. Assignment and Joinder.

     (a) The Company hereby expressly confirms that it has assumed, and hereby agrees to perform
and observe, each and every one of the covenants, rights, promises, agreements, terms, conditions,
obligations, appointments, duties and liabilities of a Guarantor under the Guaranty Agreement and
all the other Loan Documents applicable to it as a Guarantor. By virtue of the foregoing, the
Company hereby accepts and assumes any liability of a Guarantor related to each representation or
warranty, covenant or obligation made by a Guarantor in the Guaranty Agreement or any other Loan
Document and hereby expressly affirms, as of the date hereof, each of such representations,
warranties, covenants and obligation.

     (b) All references to the term “Guarantor” in the Guaranty Agreement or any other Loan
Document, or in any document or instrument executed and delivered or furnished, or to be executed
and delivered or furnished, in connection therewith shall be deemed to be references to, and shall
include, the Company.

2. Representations and Warranties. The Company hereby represents and warrants to the Agent
as follows:

1

 

     (a) The Company has the requisite [corporate, partnership or company] power and authority to
enter into this Joinder Agreement and to perform its obligations hereunder and under the Guaranty
Agreement and the other Loan Documents to which it is a party (the “Company Loan
Documents”). The execution, delivery and performance of this Joinder Agreement by the Company
and the performance of its obligations hereunder and under the Guaranty Agreement, and the other
Company Loan Documents have been duly authorized by the [Board of Directors of the Company] and no
other [corporate, partnership or company] proceedings on the part of the Company are necessary to
authorize the execution, delivery or performance of this Joinder Agreement, the transactions
contemplated hereby or the performance of its obligations under the Guaranty Agreement or any other
Company Loan Document. This Joinder Agreement has been duly executed and delivered by the Company.
This Joinder Agreement, the Guaranty Agreement and the other Company Loan Documents each
constitutes a legal, valid and binding obligation of the Company enforceable against it in
accordance with its respective terms, subject, as to the enforcement of remedies, to applicable
bankruptcy, insolvency and similar laws affecting creditors’ rights generally and to general
principles of equity.

     (b) The representations and warranties set forth in Article 2 of the Guaranty Agreement are
true and correct on and as of the date hereof (except to the extent that such representations and
warranties expressly relate to an earlier date) with the same effect as if made on and as of the
date hereof.

3. Further Assurances. At any time and from time to time, upon Agent’s request and at the
sole expense of the Company, the Company will promptly and duly execute and deliver any and all
further instruments and documents and take such further action as Agent reasonably deems necessary
to effect the purposes of this Joinder Agreement.

4. Binding Effect. This Joinder Agreement shall be binding upon the Company and shall
inure to the benefit of the Lenders and their respective successors and assigns.

5. Conflict. In the event of a conflict between this Joinder Agreement and the Guaranty
Agreement, the provisions of the Guaranty Agreement will govern.

6. GOVERNING LAW. THIS JOINDER AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND
GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY CONFLICT OF
LAW PRINCIPLES.

[Signature Pages Follow]

2

 

          IN WITNESS WHEREOF, the undersigned has caused this Joinder Agreement to be duly executed and
delivered by its duly authorized officer as of the date first above written.

	 	 	 	 	 
	 	[NAME OF COMPANY]

 	 
	 	By  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

PLEDGE AGREEMENT

          This PLEDGE AGREEMENT, dated as of July 7, 2009 (as this agreement may be amended, amended and
restated, supplemented or otherwise modified, renewed or replaced from time to time, this
“Agreement”), is by and among each of the parties listed on Schedule I hereto (each
such party together with any other Person that becomes a party hereto pursuant to Section 25 is
referred to individually as a “Pledgor” and collectively as the “Pledgors”), and
Bank of America, N.A., as administrative agent and collateral agent (the “Collateral
Agent”) on behalf of the Secured Parties (as defined in the Security Agreement dated as of the
date hereof among the Pledgors and the Collateral Agent (as amended, amended and restated,
supplemented or otherwise modified, renewed or replaced from time to time, the “Security
Agreement”).

RECITALS

          WHEREAS, Pledgors, Collateral Agent and the lending institutions from time to time parties to
the agreement described herein (the “Lenders”) are parties to that certain Loan Agreement
dated as of the date hereof (as amended, amended and restated, supplemented or otherwise modified,
renewed or replaced from time to time, the “Loan Agreement”) and the Security Agreement
pursuant to which, among other things, Collateral Agent and the Lenders loan and make certain
financial accommodations to or for the benefit of Pledgors;

          WHEREAS, it is a condition to the effectiveness of the Loan Agreement that this Pledge
Agreement be executed and delivered by the parties hereto.

          NOW, THEREFORE, in order to (i) secure the prompt and complete payment and performance when
due of the Obligations (as defined in the Loan Agreement) and for good and valuable consideration,
the receipt of which is hereby acknowledged, and (ii) grant, pledge, hypothecate and transfer to
the Collateral Agent, for the ratable benefit of the Secured Parties, a security interest in each
Pledgor’s right, title and interest in, to and under the Pledged Collateral whether presently
existing or hereafter arising or acquired, each of the Pledgors, the Collateral Agent, on behalf of
itself and each Secured Party (and each of their respective successors or assigns), hereby agrees
as follows:

SECTION 1. Definition of Certain Terms Used Herein. Except as specifically defined in
this Agreement, all capitalized terms shall have the meanings given to those terms in the Security
Agreement.

SECTION 2. Pledge. As security for the payment or performance, as the case may be, in full
of the Obligations, each Pledgor hereby bargains, sells, conveys, assigns, sets over, mortgages,
pledges, hypothecates and transfers to the Collateral Agent, its successors and assigns, for the
benefit of the Secured Parties, and hereby grants to the Collateral Agent, its successors and
assigns, for the benefit of the Secured Parties, a security interest in all of such Pledgor’s
right, title and interest in, to and under (a) any shares of capital stock, partnership interests,
membership interests in a limited liability company, beneficial interests in a trust or other
equity ownership interests in a Person (collectively, the “Equity Interests”) owned by such
Pledgor which are initially listed on Schedule II hereto and any Equity Interests obtained
in the future by such Pledgor and the certificates representing all such Equity Interests (the
“Pledged Equity 

 

 

Interests”); provided that, (i) subject to the last sentence of this
Section 2, Pledged Equity Interests of each foreign subsidiary of a Pledgor shall be limited, in
the aggregate, to the pledge of 65% of the issued and outstanding common stock of such foreign
subsidiary notwithstanding the delivery by any Pledgor to the Collateral Agent of a stock
certificate representing in excess of such percentage ownership and (ii) interests in any joint
venture will not constitute Pledged Equity Interests hereunder to the extent and for so long as the
documents governing such joint venture prohibit the granting of a security interest therein; (b)
(i) the debt securities owned by it which are listed opposite the name of such Pledgor on
Schedule II hereto, (ii) any other debt securities issued to such Pledgor; and (iii) the
promissory notes and any other instruments evidencing such debt securities; (c) all other property
that may be delivered to and held by the Collateral Agent pursuant to the terms hereof; (d) subject
to Section 7 hereof, all payments of principal or interest, dividends, cash, instruments and other
property from time to time received, receivable or otherwise distributed, in respect of, in
exchange for or upon the conversion of the securities referred to in clauses (a) and (b) above; (e)
subject to Section 7 hereof, all rights and privileges of such Pledgor with respect to the
securities and other property referred to in clauses (a), (b), (c) and (d) above; and (f) all
proceeds (as such term is defined in the UCC) of any of the foregoing (the items referred to in
clauses (a) through (f) above being collectively referred to as the “Pledged Collateral”).
Without limiting the foregoing, the Collateral Agent is hereby authorized to file one or more
financing statements, continuation statements or other filings or documents for the purpose of
perfecting, confirming, continuing, enforcing or protecting the security interest granted by each
Pledgor hereunder, without the signature of any Pledgors, and naming any Pledgor or the Pledgors as
debtors and the Collateral Agent as secured party. Notwithstanding anything to the contrary
contained in this Section 2, the Pledged Equity Interests shall not include the Equity Interests of
any foreign subsidiary of a Pledgor if such pledge is not permitted by contract or applicable law,
or if such pledge could reasonably be expected to have adverse tax consequences for the Pledgors.

SECTION 3. No Assumption of Liability. The security interest in the Pledged Collateral is
granted as security only and shall not subject the Collateral Agent or any other Secured Parties to
any obligation or liability, or in any way alter or modify, any obligation or liability of any
Pledgor, in each case, with respect to or arising out of the Pledged Collateral.

SECTION 4. Delivery of the Pledged Collateral.

     (a) Upon delivery to the Collateral Agent, (i) any stock certificates, notes or other
securities now or hereafter included in the Pledged Collateral (the “Pledged Securities”)
shall be accompanied by stock powers duly executed in blank or other instruments of transfer
reasonably satisfactory to the Collateral Agent and by such other instruments and documents as the
Collateral Agent may reasonably request in order to allow the Collateral Agent, only upon the
occurrence and continuance of an Event of Default, to exercise its rights and remedies under this
Agreement and (ii) all other property comprising part of the Pledged Collateral shall be
accompanied by proper instruments of assignment duly executed by the applicable Pledgor and such
other instruments or documents as the Collateral Agent may reasonably request. Each delivery of
Pledged Securities shall be accompanied by a schedule describing the securities theretofore and
then being pledged hereunder, which schedule shall be attached hereto as Schedule II and
made a part hereof. Each schedule so delivered shall supersede any prior schedules so delivered.
Schedule II may be amended from time to time by the addition of the

2

 

Pledged Collateral subsequently created or acquired by execution of a Supplement in
substantially the form of Annex I attached hereto.

     (b) Each Pledgor will cause any indebtedness for borrowed money in excess of $1,000,000 owed
to the Pledgor by any Person to be evidenced by a duly executed promissory note that is pledged and
delivered to the Collateral Agent pursuant to the terms thereof, upon request of the Agent.

SECTION 5. Representations, Warranties And Covenants. Each Pledgor hereby represents,
warrants and covenants, as to itself and the Pledged Collateral pledged by it hereunder, to the
Collateral Agent that:

     (a) the Pledged Equity Interests represent that percentage as set forth on Schedule II
of the issued and outstanding shares of each class of the Equity Interests of the issuer with
respect thereto;

     (b) except for the security interest granted hereunder, such Pledgor (i) is and will at all
times continue to be the direct owner, beneficially and of record, of the Pledged Collateral
indicated on Schedule II, (ii) holds the same free and clear of all Liens except for Liens
permitted by Section 6.02 of the Loan Agreement, (iii) will make no assignment, pledge,
hypothecation or transfer of, or create or permit to exist any security interest in or other Lien
on, the Pledged Collateral other than pursuant hereto and other than Liens permitted by Section
6.02 of the Loan Agreement, and (iv) subject to Section 6, will cause any and all Pledged
Collateral to be forthwith deposited with the Collateral Agent and pledged or assigned hereunder;

     (c) such Pledgor (i) has the power and authority to pledge the Pledged Collateral in the
manner hereby done or contemplated and (ii) will defend its title or interest thereto or therein
against any and all Liens, however arising, of all Persons whomsoever, except for Liens permitted
by Section 6.02 of the Loan Agreement;

     (d) no consent of any other Person (including stockholders or creditors of any Pledgor) and no
consent or approval of any governmental authority or any securities exchange was or is necessary to
the validity of the pledge effected hereby;

     (e) by virtue of the execution and delivery by the Pledgors of this Agreement, when the
Pledged Securities, certificates or other documents representing or evidencing the Pledged
Collateral are delivered to the Collateral Agent in accordance with this Agreement, the Collateral
Agent will have a valid and perfected lien upon, and security interest in, such Pledged Collateral
as security for the payment and performance of the Obligations;

     (f) the pledge effected hereby is effective to vest in the Collateral Agent, on behalf of the
Secured Parties, the rights of the Collateral Agent in the Pledged Collateral as set forth herein;

     (g) all information set forth herein relating to the Pledged Collateral, including but not
limited to the information set forth on Schedule II hereto, is accurate and complete in all
material respects as of the date hereof;

3

 

     (h) the Pledged Equity Interests of each subsidiary of a Pledgor have been duly authorized and
validly issued and are fully paid and non-assessable;

     (i) except as permitted hereby, the Pledged Equity Interests described on Schedule II
hereof constitute all of the issued and outstanding shares of stock of each of the subsidiaries of
such Pledgor owned by such Pledgor;

     (j) each Pledgor agrees that it will (i) cause each of the issuers that are subsidiaries of
the Pledgors not to issue any stock or other securities in addition to or substitution for the
Pledged Securities issued by such issuer, except to the respective Pledgor and (ii) pledge
hereunder, immediately upon its acquisition (directly or indirectly) thereof, any and all such
additional shares of stock or other securities of each issuer of the Pledged Securities, subject to
the terms hereof; and

     (k) the pledge of the Pledged Securities pursuant to this Agreement does not violate
Regulation T, U or X of the Federal Reserve Board or any successor thereto as of the date hereof.

SECTION 6. Registration in Nominee Name; Denominations. The Collateral Agent shall have
the right (in its sole and absolute discretion) to hold the Pledged Securities in the name of the
Pledgors, endorsed or assigned in blank or in favor of the Collateral Agent, or upon the occurrence
and during the continuance of an Event of Default in its own name as pledgee or the name of its
nominee (as pledgee or as sub-agent). Each Pledgor will promptly give to the Collateral Agent
copies of any material notices or other communications received by it with respect to Pledged
Securities registered in the name of such Pledgor. Upon the occurrence of an Event of Default, the
Collateral Agent shall at all times have the right to exchange the certificates representing
Pledged Securities for certificates of smaller or larger denominations for any purpose consistent
with this Agreement.

SECTION 7. Voting Rights; Dividends and Interest, Etc.

     (a) Unless and until an Event of Default shall have occurred and be continuing:

          (i) Each Pledgor shall be entitled to exercise any and all voting and other consensual rights
and powers inuring to an owner of Pledged Securities or any part thereof for any purpose consistent
with the terms of this Agreement and the other Loan Documents; provided, however,
that such Pledgor will not be entitled to exercise any such right if the result thereof could
materially and adversely affect the rights inuring to a holder of the Pledged Securities or the
rights and remedies of any of the Secured Parties under this Agreement or any other Loan Document
or the ability of the Secured Parties to exercise the same.

          (ii) Each Pledgor shall be entitled to receive and retain any and all cash dividends, interest
and principal paid on the Pledged Collateral to the extent and only to the extent that such cash
dividends, interest and principal are permitted by, and otherwise paid in accordance with, the
terms and conditions of the Loan Documents and applicable laws.

          (iii) The Collateral Agent shall execute and deliver to each Pledgor, or cause to be executed
and delivered to each Pledgor, all such proxies, powers of attorney and other instruments as such
Pledgor may reasonably request for the purpose of enabling such Pledgor to

4

 

exercise the voting and/or consensual rights and powers it is entitled to exercise pursuant to
subparagraph (i) above and to receive the cash dividends it is entitled to receive pursuant to
subparagraph (ii) above.

     (b) Upon the occurrence and during the continuance of an Event of Default, subject to the
terms of the Intercreditor Agreement, all rights of any Pledgor to dividends, interest or principal
that such Pledgor is authorized to receive pursuant to paragraph (a)(ii) above shall cease, and all
such rights shall thereupon become vested in the Collateral Agent, which shall have the sole and
exclusive right and authority to receive and retain such dividends, interest or principal. All
dividends, interest or principal received by the Pledgor contrary to the provisions of this Section
7 shall be held in trust for the benefit of the Collateral Agent, shall be segregated from other
property or funds of such Pledgor and shall be forthwith delivered to the Collateral Agent upon
demand in the same form as so received (with any necessary endorsement). Any and all money and
other property paid over to or received by the Collateral Agent pursuant to the provisions of this
paragraph (b) shall be retained by the Collateral Agent in an account to be established by the
Collateral Agent upon receipt of such money or other property and shall be applied in accordance
with the provisions of the Intercreditor Agreement. After all Events of Default have been cured or
waived, the Pledgor shall thereafter be entitled to retain all cash dividends that such Pledgor
would otherwise be permitted to retain pursuant to the terms of paragraph (a)(ii) above.

     (c) Upon the occurrence and during the continuance of an Event of Default, subject to the
terms of the Intercreditor Agreement, all rights of any Pledgor to exercise the voting and
consensual rights and powers it is entitled to exercise pursuant to paragraph (a)(i) of this
Section 7, and the obligations of the Collateral Agent under paragraph (a)(iii) of this Section 7,
shall cease upon the giving of notice by the Collateral Agent to the Pledgor, and all such rights
shall thereupon become vested in the Collateral Agent, which shall have the sole and exclusive
right and authority to exercise such voting and consensual rights and powers, provided that
the Collateral Agent shall have the right, but not the obligation, from time to time following and
during the continuance of an Event of Default to permit the Pledgors to exercise such rights. After
all Events of Default have been cured or waived, each Pledgor will have the right to exercise the
voting and consensual rights and powers that it would otherwise be entitled to exercise pursuant to
the terms of paragraph (a)(i) above.

SECTION 8. Remedies Upon Default.

     (a) Upon the occurrence and during the continuance of an Event of Default, subject to the
terms of the Intercreditor Agreement, Collateral Agent, on behalf of the Secured Parties, may
exercise all the rights and remedies granted under this Agreement, including, without limitation,
the right to sell the Pledged Collateral, or any part thereof, at public or private sale or at any
broker’s board, on any securities exchange or in the over-the-counter market, for cash, upon credit
or for future delivery as the Collateral Agent shall deem appropriate subject to the terms hereof
or as otherwise provided in the Uniform Commercial Code of any applicable jurisdiction. The
Collateral Agent shall be authorized at any such sale (if it deems it advisable to do so) to
restrict to the full extent required by applicable law the prospective bidders or purchasers to
Persons who will represent and agree that they are purchasing the Pledged Collateral for their own
account for investment and not with a view to the distribution or sale thereof, and upon

5

 

consummation of any such sale the Collateral Agent shall have the right to assign, transfer
and deliver to the purchaser or purchasers thereof the Pledged Collateral so sold. Each such
purchaser at any such sale shall hold the property sold absolutely free from any claim or right on
the part of any Pledgor, and, to the extent permitted by applicable law, the Pledgors hereby waive
all rights of redemption, stay, valuation and appraisal any Pledgor now has or may at any time in
the future have under any rule of law or statute now existing or hereafter enacted.

     (b) The Collateral Agent shall give a Pledgor ten (10) days’ prior written notice of the
Collateral Agent’s intention to make any sale of such Pledgor’s Pledged Collateral. Such notice, in
the case of a public sale, shall state the time and place for such sale and, in the case of a sale
at a broker’s board or on a securities exchange, shall state the board or exchange at which such
sale is to be made and the day on which the Pledged Collateral, or portion thereof, will first be
offered for sale at such board or exchange. Any such public sale shall be held at such time or
times within ordinary business hours and at such place or places as the Collateral Agent may fix
and state in the notice of such sale. At any such sale, the Pledged Collateral, or portion thereof,
to be sold may be sold in one lot as an entirety or in separate parcels, as the Collateral Agent
may (in its sole and absolute discretion) determine. The Collateral Agent shall not be obligated to
make any sale of any Pledged Collateral if it shall determine not to do so, regardless of the fact
that notice of sale of such Pledged Collateral shall have been given. The Collateral Agent may,
without notice or publication, adjourn any public or private sale or cause the same to be adjourned
from time to time by announcement at the time and place fixed for sale, and such sale may, without
further notice, be made at the time and place to which the same was so adjourned. In case any sale
of all or any part of the Pledged Collateral is made on credit or for future delivery, the Pledged
Collateral so sold may be retained by the Collateral Agent until the sale price is paid in full by
the purchaser or purchasers thereof, but the Collateral Agent shall not incur any liability in case
any such purchaser or purchasers shall fail to take up and pay for the Pledged Collateral so sold
and, in case of any such failure, such Pledged Collateral may be sold again upon like notice. At
any public (or, to the extent permitted by applicable law, private) sale made pursuant to this
Section 8, any Secured Party may bid for or purchase, free from any claim or right of whatever
kind, including any equity of redemption, of the Pledgors, any such demand, notice, claim, right or
equity being hereby expressly waived and released, the Pledged Collateral or any part thereof
offered for sale and may make payment on account thereof by using any Obligation then due and
payable to it from such Pledgor as a credit against the purchase price, and it may, upon compliance
with the terms of sale, hold, retain and dispose of such property without further accountability to
such Pledgor therefor.

SECTION 9. Application of Proceeds of Sale. Subject to the terms of the Intercreditor
Agreement, the proceeds of sale of the Pledged Collateral sold pursuant to Section 8 hereof shall
be applied by the Collateral Agent on behalf of the Secured Parties to the payment of all
reasonable out-of-pocket costs and expenses paid or incurred by the Collateral Agent in connection
with such sale, including, without limitation, all court costs, the reasonable fees and expenses of
counsel for the Collateral Agent in connection therewith, the reasonable fees and expenses of any
financial consultants in connection therewith and the payment of all reasonable out-of-pocket costs
and expenses paid or incurred by the Collateral Agent in enforcing this Agreement, in realizing or
protecting any Pledged Collateral and in enforcing or collecting any Obligations or any guarantee
thereof, including, without limitation, court costs, the reasonable attorneys’ fees and expenses
incurred by the Collateral Agent in connection therewith and the

6

 

reasonable fees and expenses of any financial consultants in connection therewith and then to the
indefeasible payment in full in cash of the Obligations in accordance with the terms of the
Intercreditor Agreement. Any amounts remaining after such indefeasible payment in full shall be
remitted to the appropriate Pledgor, or as a court of competent jurisdiction may otherwise direct.

SECTION 10. Reserved.

SECTION 11. Collateral Agent Appointed Attorney-In-Fact. Each Pledgor hereby appoints the
Collateral Agent the attorney-in-fact of such Pledgor for the purpose of carrying out the
provisions of this Agreement and taking any action and executing any instrument that the Collateral
Agent may deem necessary or advisable to accomplish the purposes hereof, which appointment is
irrevocable and coupled with an interest. Without limiting the generality of the foregoing and
subject to the terms of the Intercreditor Agreement, the Collateral Agent shall have the right,
upon the occurrence and during the continuance of an Event of Default, with full power of
substitution either in the Collateral Agent’s name or in the name of such Pledgor, to ask for,
demand, sue for, collect, receive and give acquittance for any and all monies due or to become due
under and by virtue of any Pledged Collateral, to endorse checks, drafts, orders and other
instruments for the payment of money payable to the Pledgor representing any interest or dividend
or other distribution payable in respect of the Pledged Collateral or any part thereof or on
account thereof and to give full discharge for the same, to settle, compromise, prosecute or defend
any action, claim or proceeding with respect thereto, and to sell, assign, endorse, pledge,
transfer and to make any agreement respecting, or otherwise deal with, the same; provided,
however, that nothing herein contained shall be construed as requiring or obligating the
Collateral Agent to make any commitment or to make any inquiry as to the nature or sufficiency of
any payment received by the Collateral Agent, or to present or file any claim or notice, or to take
any action with respect to the Pledged Collateral or any part thereof or the monies due or to
become due in respect thereof or any property covered thereby. The Collateral Agent and the other
Secured Parties shall be accountable only for amounts actually received as a result of the exercise
of the powers granted to them herein, and neither they nor their shareholders, officers, directors,
employees or agents shall be responsible to any Pledgor for any act or failure to act hereunder,
except for their own gross negligence or willful misconduct.

SECTION 12. Collateral Agent May Perform. If any Pledgor fails to perform any agreement
contained herein, upon notice to such Pledgor and to the extent the applicable Pledgor has not
remedied such failure to perform within thirty (30) days, the Collateral Agent may itself perform,
or cause performance of, such agreement, and the reasonable expenses of the Collateral Agent
incurred in connection therewith shall be payable by the Pledgors under Section 10 hereof.

SECTION 13. Waivers; Amendment.

     (a) No failure or delay of the Collateral Agent in exercising any power or right hereunder
shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or
power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any
other or further exercise thereof or the exercise of any other right or power. The rights and
remedies of the Collateral Agent hereunder and of the other Secured Parties under the other Loan
Documents are cumulative and are not exclusive of any rights or remedies that they

7

 

would otherwise have. No waiver of any provisions of this Agreement or consent to any
departure by any Pledgor therefrom shall in any event be effective unless the same shall be
permitted by paragraph (b) below, and then such waiver or consent shall be effective only in the
specific instance and for the purpose for which given. No notice or demand on any Pledgor in any
case shall entitle such Pledgor to any other or further notice or demand in similar or other
circumstances.

     (b) Neither this Agreement nor any provision hereof may be waived, amended or modified except
pursuant to a written agreement entered into between the Collateral Agent and the Pledgor or
Pledgors with respect to which such waiver, amendment or modification is to apply.

SECTION 14. Securities Act, Etc. In view of the position of the Pledgors in relation to
the Pledged Securities, or because of other current or future circumstances, a question may arise
under the Securities Act of 1933, as now or hereafter in effect, or any similar statute hereafter
enacted analogous in purpose or effect (such Act and any such similar statute as from time to time
in effect being called the “Federal Securities Laws”) with respect to any disposition of
the Pledged Securities permitted hereunder. Each Pledgor understands that compliance with the
Federal Securities Laws might limit the course of conduct of the Collateral Agent if the Collateral
Agent were to attempt to dispose of all or any part of the Pledged Securities, and might also limit
the extent to which or the manner in which any subsequent transferee of any Pledged Securities
could dispose of the same. Similarly, there may be other legal restrictions or limitations
affecting the Collateral Agent in any attempt to dispose of all or part of the Pledged Securities
under applicable Blue Sky or other state securities laws or similar laws analogous in purpose or
effect. Each Pledgor recognizes that in light of such restrictions and limitations the Collateral
Agent may, with respect to any sale of the Pledged Securities, limit the purchasers to those who
will agree, among other things, to acquire such Pledged Securities for their own account, for
investment, and not with a view to the distribution or resale thereof. Each Pledgor acknowledges
and agrees that in light of such restrictions and limitations, the Collateral Agent, in its sole
and absolute discretion, (a) may proceed to make such a sale whether or not a registration
statement for the purpose of registering such Pledged Securities or part thereof shall have been
filed under the Federal Securities Laws and (b) may approach and negotiate with a single potential
purchaser to effect such sale. Each Pledgor acknowledges and agrees that any such sale might result
in prices and other terms less favorable to the seller than if such sale were a public sale without
such restrictions. In the event of any such sale, the Collateral Agent shall incur no
responsibility or liability for selling all or any part of the Pledged Securities at a price that
the Collateral Agent, in its sole and absolute discretion, may in good faith deem reasonable under
the circumstances, notwithstanding the possibility that a substantially higher price might have
been realized if the sale were deferred until after registration as aforesaid or if more than a
single purchaser were approached. The provisions of this Section 14 will apply notwithstanding the
existence of a public or private market upon which the quotations or sales prices may exceed
substantially the price at which the Collateral Agent sells.

SECTION 15. Security Interest Absolute. All rights of the Collateral Agent hereunder, the
grant of a security interest in the Pledged Collateral and all obligations of each Pledgor
hereunder, shall be absolute and unconditional irrespective of (a) any lack of validity or
enforceability of the Loan Documents, any agreement with respect to any of the Obligations or any
other agreement

8

 

or instrument relating to any of the foregoing, (b) any change in the time, manner or place of
payment of, or in any other term of, all or any of the Obligations, or any other amendment or
waiver of or any consent to any departure from any Loan Document or any other agreement or
instrument relating to any of the foregoing, (c) any exchange, release or nonperfection of any
other collateral, or any release or amendment or waiver of or consent to or departure from any
guarantee, for all or any of the Obligations or (d) any other circumstance that might otherwise
constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or
in respect of this Agreement (other than the indefeasible payment in full of all the Obligations).

SECTION 16. Termination or Release.

     (a) This Agreement and the pledge and security interest created hereby shall terminate when
all the Obligations (other than Obligations for taxes, costs, indemnifications, reimbursements,
damages and other liabilities in respect of which no assertion of liability and no claim or demand
for payment (in each case, whether oral or written) has been made, and, in the case of Obligations
for indemnification, no notice for indemnification has been issued by the indemnitee, at such time)
have been indefeasibly paid in full in cash in accordance with the terms of the Loan Agreement.

     (b) Subject, in each case, to the terms of the Intercreditor Agreement, upon any sale or other
transfer by any Pledgor of any Pledged Collateral that is permitted under the Loan Agreement to any
person that is not a Pledgor, or, upon the effectiveness of any written consent to the release of
the security interest granted hereby in any Pledged Collateral pursuant to the Loan Agreement, the
security interest in such Pledged Collateral shall be automatically released.

     (c) Upon termination of this Agreement or the security interest in any Pledged Collateral
pursuant to (a) or (b) above, the Collateral Agent shall execute and deliver to the Pledgors, at
the Pledgors’ expense, all appropriate documents which the Pledgors shall reasonably request to
evidence such termination. Any execution and delivery of termination statements or documents
pursuant to this Section 16 shall be without recourse to or warranty by the Collateral Agent.

SECTION 17. Notices. Notices and other communications provided for herein shall be in the
manner and at the addresses set forth in, and otherwise in accordance with, Section 9.02 of the
Loan Agreement.

SECTION 18. Further Assurances. Each Pledgor agrees to do such further acts and things,
and to execute and deliver such additional conveyances, assignments, agreements and instruments, as
the Collateral Agent may at any time reasonably request in connection with the administration and
enforcement of this Agreement or with respect to the Pledged Collateral or any part thereof or in
order better to assure and confirm unto the Collateral Agent its rights and remedies hereunder.

SECTION 19. Successors and Assigns. The provisions of this Agreement shall be binding
upon and inure to the benefit of the parties hereto and their respective successors and assigns,
except that the Pledgors may not assign or otherwise transfer any of their rights or obligations
hereunder without the prior written consent of the Collateral Agent (and any attempted assignment
or

9

 

transfer by the Pledgors without such consent 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
and their respective successors and assigns permitted hereby) any legal or equitable right, remedy
or claim under or by reason of this Agreement.

SECTION 20. Counterparts; Effectiveness. This Agreement may be executed in counterparts
(and by different parties hereto on different counterparts), each of which shall constitute an
original, but all of which when taken together shall constitute a single contract. This Agreement
shall become effective as to any Pledgor when a counterpart hereof executed on behalf of such
Pledgor shall have been delivered to the Collateral Agent. Delivery of an executed counterpart of
a signature page of this Agreement by telecopy or email shall be effective as delivery of a
manually executed counterpart of this Agreement. This Agreement shall be construed as a separate
agreement with respect to each Pledgor and may be amended, modified, supplemented, waived or
released with respect to any Pledgor without the approval of any other Pledgor and without
affecting the obligations of any other Pledgor hereunder.

SECTION 21. Severability. Any provision of this Agreement held to be invalid, illegal or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such invalidity, illegality or unenforceability without affecting the validity, legality and
enforceability of the remaining provisions hereof; and the invalidity of a particular provision in
a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

SECTION 22. Governing Law; Jurisdiction; Consent to Service of Process.

     (a) This Agreement shall be construed in accordance with and governed by the internal laws of
the State of New York, without giving effect to any conflict of law principles.

     (b) The Pledgors hereby irrevocably and unconditionally submit, for themselves and their
property, to the nonexclusive jurisdiction of the Supreme Court of the State of New York sitting in
New York County and of the United States District Court of the Southern District of New York, and
any appellate court from any thereof, in any action or proceeding arising out of or relating to
this Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto
hereby 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 or, to the extent permitted by 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 shall affect any right
that the Collateral Agent, or any Lender may otherwise have to bring any action or proceeding
relating to this Agreement against the Pledgors or their properties in the courts of any
jurisdiction.

     (c) The Pledgors hereby irrevocably and unconditionally waive, to the fullest extent they may
legally and effectively do so, any objection which they may now or hereafter have to the laying of
venue of any suit, action or proceeding arising out of or relating to this Agreement in any court
referred to in paragraph (b) of this Section. Each of the parties hereto hereby irrevocably
waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such court.

10

 

     (d) Each party to this Agreement irrevocably consents to service of process in the manner
provided for notices in Section 9.02 of the Loan Agreement. Nothing in this Agreement will affect
the right of any party to this Agreement to serve process in any other manner permitted by law.

SECTION 23. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY 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 TRANSACTIONS
CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A)
CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY
OR OTHERWISE, THAT SUCH OTHER PARTY 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 BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
SECTION.

SECTION 24. Headings. Section headings used herein are for the purpose of reference only,
are not part of this Agreement and are not to affect the construction of, or to be taken into
consideration in interpreting, this Agreement.

SECTION 25. Additional Pledgors. Each subsequently acquired or organized Domestic
Subsidiary required by Section 5.11 of the Loan Agreement to enter in to this Agreement as an
additional Pledgor (each such Domestic Subsidiary, an “Additional Pledgor”) shall execute
an Instrument of Assumption and Joinder (a “Joinder”) substantially in the form of
Annex II. Upon execution and delivery of any such Joinder to Collateral Agent, each such
Additional Pledgor shall become a Pledgor hereunder with the same force and effect as if originally
named as a Pledgor herein. The execution and delivery of such instrument shall not require the
consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall
remain in full force and effect notwithstanding the addition of any new Pledgor as a party to this
Agreement

SECTION 26. Execution of Financing Statements. Pursuant to Section 9-509 of the Uniform
Commercial Code as in effect in the State of New York, each Pledgor authorizes the Collateral Agent
to file financing statements with respect to the Pledged Collateral owned by it without the
signature of such Pledgor in such form and in such filing offices as the Collateral Agent
reasonably determines appropriate to perfect the security interests of the Collateral Agent under
this Agreement.

[Remainder of Page Intentionally Left Blank]

11

 

               IN WITNESS WHEREOF, each of the Pledgors has caused this Agreement to be duly executed by its
officer thereunto duly authorized as of the date and year first above written.

	 	 	 	 	 
	 	AMERICAN COMMERCIAL LINES LLC

COMMERCIAL BARGE LINE COMPANY

JEFFBOAT LLC

ACL TRANSPORTATION SERVICES LLC

 	 
	 	By:  	 	 
	 	 	Name:  	Dawn R. Landry 	 
	 	 	Title:  	Vice President and Secretary, of each 	 
	 
	 	AMERICAN COMMERCIAL LINES INC.

 	 
	 	By:  	 	 
	 	 	Name:  	Dawn R. Landry 	 
	 	 	Title:  	Senior Vice President, General Counsel and 
Corporate
Secretary 	 
	 

	 	 	 	 	 
	Accepted and Agreed to:

BANK OF AMERICA, N.A., as Collateral Agent

 	 	 
	By:  	 	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 
	 

Signature Page to Pledge Agreement

 

Schedule I to the Pledge Agreement

PARTIES

	 	 	 
	 	 	Jurisdiction of
	Name	 	Incorporation
	 
	 	 
	American Commercial Lines LLC

	 	Delaware
	Commercial Barge Line Company

	 	Delaware
	Jeffboat LLC

	 	Delaware
	ACL Transportation Services LLC

	 	Delaware
	American Commercial Lines, Inc.

	 	Delaware

Schedule I to Pledge Agreement

 

 

Schedule II to the Pledge Agreement

PLEDGED EQUITY INTERESTS

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	CERTIFICATE	 	NO. OF	 	CLASS OR	 	%
	PLEDGOR	 	ISSUER	 	NUMBER	 	SHARES	 	CATEGORY	 	OWNED
	American Commercial
	 	Commercial Barge	 	2	 	10	 	Common	 	100%
	Lines Inc.
	 	Line Company	 	 	 	 	 	 	 	 
	Commercial Barge
	 	American Commercial	 	Not certificated	 	 	 	Membership Interests	 	100%
	Line Company
	 	Lines LLC	 	 	 	 	 	 	 	 
	Commercial Barge
	 	ACL Transportation	 	Not certificated	 	 	 	Membership Interests	 	100%
	Line Company
	 	Services LLC	 	 	 	 	 	 	 	 
	Commercial Barge
	 	Jeffboat LLC	 	Not certificated	 	 	 	Membership Interests	 	100%
	Line Company
	 	 	 	 	 	 	 	 	 	 
	Commercial Barge
	 	ACL Professional	 	1	 	10	 	Common	 	100%
	Line Company
	 	Services Inc.	 	 	 	 	 	 	 	 
	American Commercial
	 	ACL Finance Corp.	 	1	 	10	 	Common	 	100%
	Lines LLC
	 	 	 	 	 	 	 	 	 	 
	American Commercial
	 	American Commercial	 	2	 	100	 	Membership Interests	 	100%
	Lines LLC
	 	Lines International	 	 	 	 	 	 	 	 
	 
	 	LLC	 	 	 	 	 	 	 	 
	American Commercial
	 	American Commercial	 	Not certificated	 	 	 	Membership Interests	 	100%
	Lines LLC
	 	Barge Line LLC	 	 	 	 	 	 	 	 

DEBT SECURITIES

None.

Schedule II to Pledge Agreement

 

 

ANNEX I

FORM OF SUPPLEMENT

SUPPLEMENT NO. __ TO THE

PLEDGE AGREEMENT DATED AS OF July 7, 2009

          WHEREAS, pursuant to that certain Pledge Agreement, dated as of July 7, 2009 (as the same has
been, or may hereafter be, amended or supplemented from time to time, the “Pledge
Agreement”; made by the Pledgors (as defined in the Pledge Agreement) in favor of Bank of
America, N.A., as Collateral Agent for the Secured Parties, the Pledgors have granted, pledged,
hypothecated and transferred to the Collateral Agent for the ratable benefit of the Secured
Parties, a security interest in all of the Pledgors’ right, title and interest in, to and under the
Pledged Collateral, all as more fully set forth in the Amended and Restated Pledge Agreement.
Capitalized terms used herein without definition shall have the meanings given to them in the
Pledge Agreement;

          A. WHEREAS, the undersigned Pledgor(s) have acquired or created additional Pledged Collateral
since the date of execution of the Pledge Agreement and the most recent Supplement thereto and hold
certain additional Pledged Collateral; and

          B. WHEREAS, Schedule II to the Pledge Agreement does not reflect Pledged Collateral
acquired or created by the Pledgors since the date of execution of the Pledge Agreement and the
most recent Supplement thereto.

          THEREFORE,

          To secure the prompt and complete payment and performance when due of the Obligations of the
Borrowers under the Loan Agreement and each of the other Loan Documents, to secure the performance
and observance by each of the Pledgors of all the agreements, covenants and provisions contained in
the Loan Agreement and in the Loan Documents for the benefit of the Collateral Agent on behalf of
the Secured Parties, the Pledgors do hereby grant to the Collateral Agent, for the benefit of the
Secured Parties, a security interest in and to all of the Pledgors’ right, title and interest in
and to the Pledged Collateral being added to Schedule II to the Pledge Agreement below.

          The Pledge Agreement is hereby supplemented, effective as of the date hereof, by amending
Schedule II thereof so as to reflect all of the Pledged Collateral in and to which the
Pledgors have granted a security interest to the Collateral Agent, for the ratable benefit of the
Secured Parties, pursuant to the terms of the Pledge Agreement and the Loan Agreement.

          The following Pledged Collateral is hereby added to Schedule II to the Pledge
Agreement:

 

 

CAPITAL STOCK OR OTHER EQUITY INTERESTS

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	%
	Issuer	 	Certificate Number	 	Pledgor	 	No. of Shares	 	Class or Category	 	Owned
	 	 	 	 	 	 	 	 	 	 	 

DEBT SECURITIES

          Except as expressly supplemented hereby, the Pledge Agreement shall continue in full force and
effect in accordance with the provisions thereof on the date hereof. As used in the Pledge
Agreement, the terms “Agreement”, “this Agreement”, “this Pledge Agreement”, “herein”, “hereafter”,
“hereto”, “hereof” and words of similar import, shall, unless the context otherwise requires, mean
the Pledge Agreement as supplemented by this Supplement.

          This Supplement shall be construed as supplemental to the Pledge Agreement and shall form a
part thereof, and the Pledge Agreement and all documents contemplated thereby and any previously
executed Supplements thereto, are each hereby incorporated by reference herein and confirmed and
ratified by the Pledgors.

          The execution and filing of this Supplement, and the addition of the Pledged Collateral set
forth herein are not intended by the parties to derogate from, or extinguish, any of the rights or
remedies of the Collateral Agent under (i) the Pledge Agreement and/or any agreement, amendment or
supplement thereto or any other instrument executed by the Pledgors or (ii) any financing
statement, continuation statement, deed or charge or other instrument executed by the Pledgors and
heretofore filed in any state or county in the United States of America or elsewhere.

[Remainder of Page Intentionally Left Blank]

2 

 

          IN
WITNESS WHEREOF, the Pledgors have caused this Supplement No. ___ to the Pledge Agreement
to be duly executed as of the date and year first written above.

	 	 	 	 	 
	 	[NAME OF EACH PLEDGOR]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	Accepted and Agreed to:

BANK OF AMERICA, N.A., as Collateral Agent

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

3

 

	 	 	 	 	 

ANNEX II

FORM OF INSTRUMENT OF JOINDER

          JOINDER AGREEMENT dated as of                      (the “Joinder Agreement”) made by [Insert
Name of New Grantor] a [Insert State of Organization] [corporation, limited partnership or limited
liability company] (the “Company”) in favor of the Secured Parties (as defined in that
certain Pledge Agreement dated as of July 7, 2009 (as such agreement may be amended, amended and
restated, supplemented or otherwise modified, renewed or replaced from time to time, the
“Pledge Agreement”)) among the Pledgors referred to therein (the “Pledgors”) and
Bank of America, N.A., as Collateral Agent (as defined in the Pledge Agreement). Capitalized terms
used but not defined herein shall have the meanings given to such terms in the Pledge Agreement.

WITNESSETH

          The Company is a [Insert State of Organization] [corporation, limited partnership or limited
liability company], and is a subsidiary of [Insert name of Loan Party]. Pursuant to Section 25 of
the Pledge Agreement, the Company is required to execute this document as a newly [formed]
[acquired] subsidiary of [Insert name of Loan Party].

          NOW, THEREFORE, in consideration of the premises and other good and valuable consideration,
the receipt of which is hereby acknowledged, the Company hereby agrees as follows:

SECTION 1. Assignment and Joinder.

               (a) The Company hereby expressly confirms that it has assumed, and hereby agrees to perform
and observe, each and every one of the covenants, rights, promises, agreements, terms, conditions,
obligations, appointments, duties and liabilities of a Pledgor under the Pledge Agreement and all
the other Loan Documents applicable to it as a Pledgor. By virtue of the foregoing, the Company
hereby accepts and assumes any liability of a Pledgor related to each representation or warranty,
covenant or obligation made by a Pledgor in the Pledge Agreement or any other Loan Document and
hereby expressly affirms, as of the date hereof, each of such representations, warranties,
covenants and obligations.

               (b) The company hereby pledges to the Collateral Agent for the benefit of the Secured Parties
all of its right, title and interest to the Pledged Collateral, including Pledged Collateral listed
on Schedule 1 hereto.

               (c) All references to the term “Pledgor” in the Pledge Agreement or any other Loan Document,
or in any document or instrument executed and delivered or furnished, or to be executed and
delivered or furnished, in connection therewith shall be deemed to be references to, and shall
include, the Company.

 

 

SECTION 2. Representations and Warranties. The Company hereby represents and warrants to
the Collateral Agent as follows:

               (a) The Company has the requisite [corporate, partnership or company] power and authority to
enter into this Joinder Agreement and to perform its obligations hereunder and under the Pledge
Agreement and the other Loan Documents to which it is a party. The execution, delivery and
performance of this Joinder Agreement by the Company and the performance of its obligations
hereunder and under the Pledge Agreement and the other Loan Documents have been duly authorized by
the [Board of Directors of the Company] and no other [corporate, partnership or company]
proceedings on the part of the Company are necessary to authorize the execution, delivery or
performance of this Joinder Agreement, the transactions contemplated hereby or the performance of
its obligations under the Pledge Agreement or any other Loan Document. This Joinder Agreement has
been duly executed and delivered by the Company. This Joinder Agreement, the Pledge Agreement and
the other Loan Documents each constitutes a legal, valid and binding obligation of the Company
enforceable against it in accordance with its respective terms, subject, as to the enforcement of
remedies, to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights
generally and to general principles of equity.

               (b) The representations and warranties set forth in Section 5 of the Pledge Agreement are true
and correct on and as of the date hereof (except to the extent that such representations and
warranties expressly relate to an earlier date) with the same effect as if made on and as of the
date hereof.

SECTION 3. Further Assurances. At any time and from time to time, upon the Collateral
Agent’s request and at the sole expense of the Company, the Company will promptly and duly execute
and deliver any and all further instruments and documents and take such further action as the
Collateral Agent reasonably deems necessary to effect the purposes of this Joinder Agreement.

SECTION 4. Binding Effect. This Joinder Agreement shall be binding upon the Company and
shall inure to the benefit of the Secured Parties and their respective successors and assigns.

SECTION 5. Conflict. In the event of a conflict between this Joinder Agreement and the
Pledge Agreement, the provisions of the Pledge Agreement will govern.

SECTION 6. GOVERNING LAW. THIS JOINDER AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND
GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY CONFLICT OF
LAW PRINCIPLES.

[Signature Pages Follow]

Page 2

 

          IN WITNESS WHEREOF, the undersigned has caused this Joinder Agreement to be duly executed and
delivered by its duly authorized officer as of the date first above written.

	 	 	 	 	 
	 	[NAME OF COMPANY]

 	 
	 	By  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	BANK OF AMERICA, N.A., as Collateral Agent

 	 
	 	By  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

Page 3

 

	 	 	 	 	 

SCHEDULE 1

CAPITAL STOCK

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	%
	Issuer	 	Certificate Number	 	Pledgor	 	No. of Shares	 	Class or Category	 	Owned
	 	 	 	 	 	 	 	 	 	 	 

DEBT SECURITIES

 

FORM OF

REVOLVING LOAN NOTE

			
	$                    
	 	New York, New York
	 
	 	July ___, 2009

     FOR VALUE RECEIVED, the undersigned, ACL TRANSPORTATION SERVICES LLC, AMERICAN COMMERCIAL
LINES LLC, COMMERCIAL BARGE LINE COMPANY and JEFFBOAT LLC (collectively, the “Debtors”), HEREBY
JOINTLY AND SEVERALLY PROMISE TO PAY to the order of BANK OF AMERICA, N.A. (“Agent”), as agent for
                     (“Lender”), at the offices of Agent at 335 Madison Avenue New York, New York 10017
or at such other place in the United States of America as Agent may from time to time designate,
the principal sum equal to the lesser of (a)                                          DOLLARS (US
$                    ) or (b) the aggregate unpaid principal amount of all Loans (as defined in the Loan
Agreement referred to below) made by Lender to Debtors, which amount shall be payable by Debtors in
lawful money of the United States of America and in immediately available funds in accordance with
the terms of the Loan Agreement. Each Debtor hereby further promises to pay interest to the order
of Agent on the unpaid principal balance hereof at the rates and in the manner required by, and
otherwise in accordance with, the terms and provisions of the Loan Agreement, which terms and
provisions are hereby incorporated herein by reference.

     For the purposes of this Revolving Loan Note (the “Note”), “Loan Agreement” shall mean that
certain Loan Agreement, dated of even date herewith, (such Loan Agreement, including all exhibits
and schedules thereto and as it from time to time may be amended, restated, renewed, replaced,
substituted, supplemented, extended, or otherwise modified, the “Loan Agreement”), by and among
Agent, for itself and as agent for Lender and the other lenders from time to time party thereto
(collectively, the “Lenders”), Debtors and certain affiliates of Debtors, as Guarantors. Each
capitalized term used herein and not otherwise defined herein shall have the meanings ascribed
thereto in the Loan Agreement.

     This Note is one of the Revolving Loan Notes referred to in the Loan Agreement and evidences
the aggregate outstanding principal balance, from time to time, of the Revolving Loans made by
Lender to Debtors pursuant to the Loan Agreement. It is contemplated that there may be times when
no indebtedness is owing hereunder; but notwithstanding any such occurrence or occurrences, this
Note shall remain valid and shall be in full force and effect as to the Revolving Loans made
subsequent to each such occurrence.

     This Note is secured by the Collateral and is entitled to all of the benefits and rights as
set forth in the Loan Agreement and the other Loan Documents. At the time any payment is due
hereunder, Agent may, at its option, charge the amount thereof to any account of any Debtor
maintained by Agent.

     If any Event of Default shall occur for any reason, or if the Loan Agreement shall be
terminated for any reason whatsoever, then and in any such event, in addition to all rights and
remedies of Agent and Lender under the Loan Agreement and the other Loan Documents, applicable law
or otherwise, all such rights and remedies being cumulative, not exclusive and

 

 

enforceable alternatively, successively and concurrently, any or all Obligations, including,
without limitation, all amounts owing under this Note, may, as provided in the Loan Agreement, be
declared or shall forthwith become due and payable, together with all interest accrued thereon and
with interest accruing thereafter at the then applicable interest rate under the Loan Agreement
until the indebtedness evidenced by this Note is paid in full, plus the costs and expenses
of collection hereof, including, but not limited to, reasonable attorneys’ fees and legal expenses,
as provided in the Loan Agreement.

     Each Debtor hereby (i) waives diligence, demand, presentment, protest and notice of any kind,
(ii) agrees that it will not be necessary to first institute suit in order to enforce payment of
this Note and (iii) consents to any one or more extensions or postponements of time of payment,
release, surrender or substitution of collateral security, or forbearance or other indulgence,
without notice or consent. The pleading of any statute of limitations as a defense to any demand
against any Debtor is expressly hereby waived by each Debtor. Upon or after maturity of this Note,
the occurrence of any Event of Default or the termination of the Loan Agreement, Agent and Lender
shall have the right, subject to the terms of the Loan Agreement, but not the obligation, to set
off against this Note all money owed by them, respectively, to any Debtor.

     No resort to any Collateral for payment shall be required prior to the enforcement hereof
against Debtors and any guarantors or endorsers hereof. None of the rights of Agent or Lender
shall be waived or diminished by any failure or delay in the exercise thereof.

     In the event any term or provision of this Note conflicts with any term or provision of the
Loan Agreement, such term or provision of the Loan Agreement shall control.

     This Note shall be binding upon the respective successors and assigns of Debtors, and, subject
to the terms of the Loan Agreement, shall inure to the benefit of Agent, the Lenders and their
respective successors, endorsees and assigns. Whenever used herein, the term “Debtor” and
“Debtors” shall be deemed to include each of the undersigned and their respective successors and
assigns and the terms “Lender”, “Lenders” and “Agent” shall be deemed to include their respective
successors, endorsees and assigns.

     If any term or provision of this Note shall be held invalid, illegal or unenforceable, the
validity, legality and enforceability of all other terms and provisions hereof shall in no way be
affected thereby.

     This Note shall be governed by and construed in accordance with the internal laws of the State
of New York applied to contracts to be performed wholly within the State of New York, without
reference to conflicts of law principles. Any judicial proceeding brought by or against any Debtor
with respect to any Obligations, this Note or any related agreement may be brought in any court of
competent jurisdiction in the State of New York, United States of America, and, by execution and
delivery of this Note, each Debtor accepts for itself and in connection with its properties,
generally and unconditionally, the non-exclusive jurisdiction of the aforesaid courts, and
irrevocably agrees to be bound by any final judgment rendered thereby in connection with this Note.
Each Debtor hereby waives personal service of any and all process upon it and consents that all
such service of process may be made by registered mail (return receipt

2

 

requested) directed to each such Debtor, and service so made shall be deemed completed five (5)
days after the same shall have been so deposited in the mails of the United States of America.
Nothing herein shall affect the right to serve process in any manner permitted by law or shall
limit the right of Agent and/or any of the Lenders to bring proceedings against any Debtor in the
courts of any other jurisdiction. Each Debtor waives any objection to jurisdiction and venue of
any action instituted hereunder and shall not assert any defense based on lack of jurisdiction or
venue or based upon forum non conveniens. Any judicial proceeding by any
Debtor against Agent and/or any of the Lenders involving, directly or indirectly, any matter or
claim in any way arising out of, related to or connected with this Note or any related agreement,
shall be brought only in a federal or state court located in the City of New York, State of New
York.

EACH DEBTOR HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR
CAUSE OF ACTION ARISING UNDER THIS NOTE OR ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR
DELIVERED IN CONNECTION HEREWITH, OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE
DEALINGS OF ANY DEBTOR AND AGENT AND/OR LENDER, OR ANY OF THEM, WITH RESPECT TO THIS NOTE OR ANY
OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH, OR THE
TRANSACTIONS RELATED HERETO OR THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND
WHETHER SOUNDING IN CONTRACT OR TORT OR OTHERWISE. EACH DEBTOR HEREBY CONSENTS AND AGREES THAT ANY
SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND
THAT AGENT AND/OR LENDER MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS PARAGRAPH WITH ANY
COURT AS WRITTEN EVIDENCE OF THE CONSENT OF EACH DEBTOR TO THE WAIVER OF ITS RIGHT TO TRIAL BY
JURY.

[SIGNATURE PAGE FOLLOWS]

3

 

	 	 	 	 	 
	 	ACL TRANSPORTATION SERVICES LLC

AMERICAN COMMERCIAL LINES LLC

COMMERCIAL BARGE LINE COMPANY

JEFFBOAT LLC

	 
	 	By:  	
 	 
	 	 	Printed:  	 
	 	 	Title:  	 	 
	 

 

 

EXHIBIT G

NOTICE OF CONTINUATION/CONVERSION

     The undersigned, American Commercial Lines LLC (“Borrower Agent”), is a party to that certain
Loan Agreement dated as of July 7, 2009 among the lending institutions from time to time party
thereto (such financial institutions, together with their respective successors and assigns, are
referred to hereinafter each individually as a “Lender” and collectively as the “Lenders”), Bank
of America, N.A., as administrative agent and collateral agent for the Lenders (in its capacity as
administrative agent and collateral agent, the “Agent”) and as security trustee (in such capacity,
the “Security Trustee”), Banc of America Securities LLC, Wachovia Capital Markets, LLC, UBS
Securities LLC and Suntrust Robinson Humphrey, Inc., as joint lead arrangers for the Lenders (in
their respective capacities as joint lead arrangers, the “Joint Lead Arrangers”), Banc Of America
Securities LLC, Wachovia Capital Markets, LLC, UBS Securities LLC and Suntrust Robinson Humphrey,
Inc., as joint book runners for the Lenders (in their respective capacities as joint book runners,
the “Joint Book Runners”), Wells Fargo Foothill, LLC, as syndication agent for the Lenders (in its
capacity as syndication agent, the “Syndication Agent”), UBS Securities LLC, Suntrust Bank and RBS
Business Capital, a division of RBS Asset Finance, Inc., a subsidiary of RBS Citizens, NA, as
co-documentation agents for the Lenders (in their respective capacities as co-documentation agents,
the “Co-Documentation Agents”), Commercial Barge Line Company, a Delaware corporation (“CBL”),
American Commercial Lines LLC, a Delaware limited liability company (“ACL”), ACL Transportation
Services LLC, a Delaware limited liability company (“ACLTS”) and Jeffboat LLC, a Delaware limited
liability company (“ Jeffboat”; and together with CBL, ACL and ACLTS, each, individually a
“Borrower” and collectively, the “Borrowers”), and each of the other Obligated Parties (as defined
therein) signatory thereto (as from time to time amended, restated, renewed, extended, replaced,
substituted, supplemented or otherwise modified in accordance with the terms thereof, the “Loan
Agreement”). Each capitalized term herein shall, unless otherwise defined, have the meaning
ascribed thereto in the Loan Agreement .

     Borrower Agent hereby notifies Agent, pursuant to Section 2.02(b) of the Loan Agreement, of
Borrowers’ desire to convert or continue, subject to the terms of the Loan Agreement, the loan(s)
designated below as follows (fill in all of the information called for, as applicable):

	 	A. 	 	Base Rate Loans in the principal amount specified below are to be
converted into LIBOR Loans:

Amount: $                     Date of Conversion:                       Interest Period:
                    
months

	 	B.	 	Base Rate Loans in the principal amount specified below are to be
continued.

Amount: $                     Date of Continuation:                     

 

 

	 	C.	 	The LIBOR Loans, or portions thereof, specified below are to be
converted into Base Rate Loans:

					
	 
	LIBOR Rate Loans
	 	% to be Converted
	 	Conversion Date
	 
	 	 	 	 	 

	 	D. 	 	The LIBOR Loans, or portions thereof, specified below are to be
continued as LIBOR Loans:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	% to be	 	 	Continuation	 	 	Interest	 
	LIBOR Loans	 	Continued	 	 	Date	 	 	Period	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	___ months

     The undersigned represents and warrants to Agent and the Lenders that, as of the date hereof,
no Default or Event of Default has occurred and is continuing.

Date: _____________________

	 	 	 	 	 
	 	AMERICAN COMMERCIAL LINES LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

 

LENDER’S LOSS PAYABLE ENDORSEMENT

Loss or damage in excess of $1,000,000, if any, under this policy shall be payable first to Bank of
America, N.A. (“Bank”), 135 South LaSalle Street, Suite 465, Chicago, Illinois 60603, as
its interests may appear; provided, that, from and after receipt from Bank of written notice of the
occurrence of an “Event of Default” under that certain loan agreement among Bank, the insured and
the other parties thereto, all loss or damage, if any, under this policy shall be payable first to
Bank, as its interests may appear. This insurance, solely as to the interest of Bank, shall not be
impaired, invalidated or affected by any act or neglect of the insured, or of any mortgagor or
owner of the within described property; nor by any lien, security interest or bailment affecting
such property; nor by any foreclosure, notice of sale, enforcement of lien, condemnation or other
proceedings relating to the property; nor by any change in title, beneficial ownership, occupancy
or risk, including, without limitation, use of the property for a more hazardous purpose than
permitted by the policy; nor by any bankruptcy, liquidation or other debtor relief proceedings
relating to the insured or any owner of the property; nor by any errors, omissions or improper
reporting by the insured. The interest of Bank shall be deemed to extend to all of the property
and all loss or damage under this policy, even if a part of the property is not expressly included
in any lien, security interest, bailment or agreement held by Bank as security for the indebtedness
owing to it.

All notices required to be given to the insurance company by the insured are waived as to Bank. If
the insured fails to render proof of loss within the time specified in this policy, the insurance
company agrees to notify Bank, and Bank shall have 30 days from receipt of such notice to file a
claim, irrespective of the provisions of this policy. The right of Bank to recover the full amount
of its claim shall not be impaired or otherwise affected by any right of subrogation to which the
insurance company may become entitled. Any such subrogation shall be subordinate to Bank’s liens
and right to payment for all indebtedness owing to it. If the insurance company pays to Bank any
loss or damage that is not payable to the insured under this policy, the insurance company may, at
its option, pay to Bank the full amount of the indebtedness (matured and unmatured) owing to Bank
and thereupon receive an assignment of such indebtedness and all related security therefor.

It is further agreed that there shall be no assignment, cancellation, nonrenewal or other
alteration of the policy in any way that affects Bank’s rights or interests, unless the insurance
company provides at least 30 days prior written notice to Bank of such contemplated action, by
first class mail directed to Bank’s address shown above (or such other address as Bank shall
hereafter specify in a written notice to the insurance company); provided, that, notwithstanding
the foregoing, the policy shall not be canceled, modified or not renewed by reason of nonpayment of
premium upon not less than 10 days’ prior written notice thereof by the insurer to Bank (giving
Bank the right to cure defaults in the payment of premiums).

[Remainder of this page intentionally left blank]

 

 

Attached to and forming part of Policy No.                      of                                        
            Insurance Company.

Date:     
               
 , 20___, by          
              
               
               
        
              

               
               
                
              
           (Authorized Agent)

Named Insured    
                
               
                  

 

 

EXHIBIT I

NOTICE OF BORROWING

     Pursuant to Section 2.01(b)(iii) of the Loan Agreement dated as of July 7, 2009 among the
lending institutions from time to time party thereto (such financial institutions, together with
their respective successors and assigns, are referred to hereinafter each individually as a
“Lender” and collectively as the “Lenders”), Bank of America, N.A., as administrative agent and
collateral agent for the Lenders (in its capacity as administrative agent and collateral agent, the
“Agent”) and as security trustee (in such capacity, the “Security Trustee”), Banc of America
Securities LLC, Wachovia Capital Markets, LLC, UBS Securities LLC and Suntrust Robinson Humphrey,
Inc., as joint lead arrangers for the Lenders (in their respective capacities as joint lead
arrangers, the “Joint Lead Arrangers”), Banc Of America Securities LLC, Wachovia Capital Markets,
LLC, UBS Securities LLC and Suntrust Robinson Humphrey, Inc., as joint book runners for the Lenders
(in their respective capacities as joint book runners, the “Joint Book Runners”), Wells Fargo
Foothill, LLC, as syndication agent for the Lenders (in its capacity as syndication agent, the
“Syndication Agent”), UBS Securities LLC, Suntrust Bank and RBS Business Capital, a division of RBS
Asset Finance, Inc., a subsidiary of RBS Citizens, NA, as co-documentation agents for the Lenders
(in their respective capacities as co-documentation agents, the “Co-Documentation Agents”),
Commercial Barge Line Company, a Delaware corporation (“CBL”), American Commercial Lines LLC, a
Delaware limited liability company (“ACL”), ACL Transportation Services LLC, a Delaware limited
liability company (“ACLTS”) and Jeffboat LLC, a Delaware limited liability company (“ Jeffboat”;
and together with CBL, ACL and ACLTS, each, individually a “Borrower” and collectively, the
“Borrowers”), and each of the other Obligated Parties (as defined therein) signatory thereto (as
from time to time amended, restated, renewed, extended, replaced, substituted, supplemented or
otherwise modified in accordance with the terms thereof, the “Loan Agreement”), the undersigned
hereby notifies Agent of Borrowers’ irrevocable request to borrow, under and pursuant to the terms
of the Loan Agreement, a Revolving Loan in accordance with the following:

AMOUNT*: $___________________________

TYPE OF LOAN (check one of the following):   
o Base Rate Loan   o LIBOR Loan

INTEREST PERIOD (for LIBOR Rate Loans only): _______ months

FUNDING DATE (must be a Business Day): ______________________

     The undersigned hereby warrants and represents to Agent and the Lenders that, as of the date
hereof, no Default or Event of Default has occurred and is continuing.

 

 

     Each capitalized term herein not otherwise defined shall have the meaning ascribed thereto in
the Loan Agreement.

Date: _____________________

	 	 	 	 	 
	 	AMERICAN COMMERCIAL LINES LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

			
	*	 	with respect to LIBOR Rate Loans, must be $1,000,000 or an integral multiple thereofexv10w2

Exhibit 10.2

 

 

INTERCREDITOR AGREEMENT

among

BANK OF AMERICA, N.A.,

in its capacity as Administrative Agent, Collateral Agent, and
Security Trustee

and

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

in its capacity as Trustee, Collateral Agent and Security Trustee

and

COMMERCIAL BARGE LINE COMPANY LLC

AMERICAN COMMERCIAL LINES LLC

ACL TRANSPORTATION SERVICES LLC

JEFFBOAT LLC

Dated and effective as of July 7, 2009

 

 

1

 

INTERCREDITOR AGREEMENT SYNOPSIS

	 	 	 
	Vessels Subject to Instrument:

	 	See Schedule 1 attached hereto
	 
	 	 
	Type of Instrument:

	 	Intercreditor Agreement
	 
	 	 
	Date of Instrument:

	 	July 7, 2009
	 
	 	 
	Names and Addresses of Parties:
	 	 
	 
	 	 
	Mortgagee (Revolving Facility
Mortgages):

	 	Bank of America, N.A., (“Collateral
Agent and
Security Trustee”) 

135 S. LaSalle, Suite 465

Chicago, Illinois 60603

Attention: Peter M. Walther
	 
	 	 
	Mortgagee (Noteholder Mortgages):

	 	The Bank of New York Trust Company, N.A.

(“Notes Collateral Agent and
Security Trustee”)

2 North LaSalle Street Suite 1020

Chicago, Illinois 60602
	 
	 	 
	Mortgagor (Revolving Facility
Mortgages
and Noteholder Mortgages):

	 	American Commercial Lines LLC (“ACL”) 

1701 East Market Street 

Jeffersonville, Indiana 47130

Attention: SVP and General Counsel
	 
	 	 
	Mortgagor (Revolving Facility
Mortgages
and Noteholder Mortgages):

	 	ACL Transportation Services LLC
(“ACLTS”)

1701 East Market Street

Jeffersonville, Indiana 47130

Attention: SVP and General Counsel
	 
	 	 
	Borrowers:

	 	Commercial Barge Line Company LLC 

1701 East Market Street

Jeffersonville, Indiana 47130

Attention: SVP and General Counsel
	 
	 	 
	 

	 	Jeffboat LLC 

1701 East Market Street

Jeffersonville, Indiana 47130

Attention: SVP and General Counsel

2

 

INTERCREDITOR AGREEMENT SYNOPSIS

(CONTINUED)

	 	 	 
	Guarantors:

	 	ACL Professional Services
Inc.

1701 East Market Street 

Jeffersonville, Indiana 47130

Attention: SVP and General Counsel
	 
	 	 
	 

	 	American Commercial Lines,
Inc.

1701 East Market Street 

Jeffersonville, Indiana 47130

Attention: SVP and General Counsel
	 
	 	 
	Revolving Facility
Mortgages:

	 	First Preferred Ship Mortgaged dated July 7,
2009, by and between ACL, as Mortgagor, and
the Collateral Agent and Security Trustee, as
Mortgagee.
	 
	 	 
	 

	 	First Preferred Ship Mortgage dated July 7,
2009, by and between ACL, as Mortgagor, and
the Collateral Agent and Security Trustee, as
Mortgagee.
	 
	 	 
	 

	 	First Preferred Ship Mortgage dated July 7,
2009, by and between ACLTS, as Mortgagor,
and the Collateral Agent and Security Trustee,
as Mortgagee.
	 
	 	 
	Noteholder Mortgages:

	 	Second Preferred Ship Mortgaged dated July 7,
2009, by and between ACL, as Mortgagor, and
the Notes Collateral Agent and Security Trustee,
as Mortgagee.
	 
	 	 
	 

	 	Second Preferred Ship Mortgage dated July 7,
2009, by and between ACL, as Mortgagor, and
the Notes Collateral Agent and Security Trustee,
as Mortgagee.
	 
	 	 
	 

	 	Second Preferred Ship Mortgage dated July 7,
2009, by and between ACLTS, as Mortgagor,
and the Notes Collateral Agent and Security
Trustee, as Mortgagee.

3

 

INTERCREDITOR AGREEMENT

     INTERCREDITOR AGREEMENT dated July 7, 2009 (as amended, amended and restated,
supplemented or otherwise modified from time to time in accordance with the provisions
hereof, this “Intercreditor Agreement”), by and among BANK OF AMERICA, N.A., as the
administrative agent and the collateral agent and the security trustee for the benefit of
itself and the other Revolving Facility Secured Parties defined below (in such capacities,
the “Collateral Agent and Security Trustee”), and THE BANK OF NEW YORK MELLON TRUST
COMPANY, N.A., as trustee under the Indenture defined below (the
“Trustee”) and as
collateral agent and security trustee for the Noteholder Secured Parties defined below (in
such capacity, the “Notes Collateral Agent and Security
Trustee”), and acknowledged by
COMMERCIAL BARGE LINE COMPANY, a Delaware corporation
(“Holdings”), AMERICAN COMMERCIAL
LINES LLC, a Delaware limited liability company (“ACL”), ACL TRANSPORTATION SERVICES LLC, a
Delaware limited liability company (“ACLTS”), JEFFBOAT LLC, a Delaware limited liability
company (“Jeffboat”; and together with Holdings, ACL and ACLTS, each individually, a
“Borrower” and, collectively, the
“Borrowers”), and each of the other Grantors (as defined below)
that acknowledge this Intercreditor Agreement from time to time.

RECITALS:

     WHEREAS, each of the Borrowers, the lenders from time to time party thereto (the
“Revolving Lenders”), and the Collateral Agent and Security Trustee are parties to a Loan
Agreement, dated as of the date hereof (as amended, amended and restated, supplemented,
waived, refinanced, replaced or otherwise modified from time to time in accordance with the
provisions hereof, the “Credit Agreement”); and

     WHEREAS, Holdings, the other Grantors (such term and each other capitalized term used
but not defined in these recitals having the meaning given it in Article I below) and the
Trustee are parties to an Indenture, dated as of the date hereof (as amended, amended and
restated, supplemented, waived, refinanced, replaced or otherwise modified from time to
time, with the same or a different Trustee, in accordance with the provisions hereof, the
“Indenture”), governing the Notes; and

     WHEREAS, in connection with the Credit Agreement, each of the Borrowers and each of
the other Grantors are parties to a Security Agreement, dated as of the date hereof (as
amended, amended and restated, supplemented or otherwise modified from time to time in
accordance with the provisions hereof, the “Revolving Facility Security Agreement”), and to
the other Revolving Facility Security Documents in favor of the Collateral Agent and
Security Trustee for the benefit of the Revolving Facility Secured Parties; and

     WHEREAS, in connection with the Indenture and certain Permitted Additional Pari Passu
Obligations, Holdings and each of the other Grantors are parties to a Security Agreement
dated as of the date hereof (as amended, amended and restated, supplemented or otherwise
modified from time to time in accordance with the provisions hereof, the “Noteholder
Security Agreement”) and to the other Noteholder Security Documents in favor of the Notes
Collateral Agent and Security Trustee for the benefit of the Noteholder Secured Parties;
and

1

 

     WHEREAS, pursuant to the terms of the Credit Agreement, the Revolving Facility
Security Agreement and the other Revolving Facility Documents, the Revolving Lenders have
agreed to make loans and other extensions of credit to the Borrowers on the condition,
among others, that the Revolving Credit Obligations shall be secured by Senior Liens on,
and security interests in, the Collateral; and

     WHEREAS, pursuant to the terms of the Purchase Agreement, it is a condition that the
Noteholder Obligations shall be secured by Junior Liens on,
and security interests in, the Collateral; and

     WHEREAS, the Credit Agreement and the Purchase Agreement require, among other things,
that the parties thereto set forth in this Intercreditor Agreement, among other things,
their respective rights, obligations and remedies with respect to the Collateral;

     NOW THEREFORE, in consideration of the foregoing premises and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto agree as follows:

ARTICLE I

DEFINITIONS.

     SECTION 1.01. Certain Defined Terms As used in the Intercreditor Agreement,
the following terms have the meanings specified below:

     “Additional Pari Passu Agent” means (i) the Notes Collateral Agent and Security
Trustee as agent for the Noteholder Collateral and (ii) the collateral agent and security
trustee for any Additional Pari Passu Obligations.

     “Additional Pari Passu Agreement” means the Noteholder Documents and any other
document or instrument evidencing or governing any Permitted Additional Pari Passu
Obligations.

     “Additional Pari Passu Secured Parties” means the Noteholder Secured Parties and all
other Persons holding any Second Priority Claims, including any Additional Pari Passu Agent
for any Permitted Additional Pari Passu Obligations.

     “Bankruptcy Code” means Title 11 of the United States Code entitled “Bankruptcy,” as
now and hereinafter in effect, or any successor statute.

     “Bankruptcy Law” means the Bankruptcy Code and any other federal, state or foreign
bankruptcy, insolvency, receivership or similar law.

     “Collateral” means assets, real or personal, tangible or intangible, now owned or
hereafter acquired by any Grantor now or at any time hereafter subject to a Lien securing
or purporting to secure any Noteholder Obligations or Revolving Credit Obligations,
including all proceeds of such assets.

2

 

     “Collateral Agent and Security Trustee” has the meaning assigned to such term in the
preamble to this Intercreditor Agreement and includes any successor or replacement
collateral agent appointed in accordance with the terms of the Revolving Facility
Documents.

     “Credit Agreement” has the meaning assigned to such term in the recitals to this
Intercreditor Agreement.

     “Debt Documents” means, collectively, the Revolving Facility Documents and the
Noteholder Documents.

     “DIP
Financing” has the meaning assigned to such term in Section 6.01(a).

     “DIP
Financing Liens” has the meaning assigned to such term in Section 6.01(a).

     “Disposition” means, with respect to any asset, any sale, lease, exchange, transfer or
other disposition of such asset or any interest therein, including, without limitation, the
creation of any Lien on or with respect to such asset.
“Dispose” shall have a correlative
meaning.

     “Enforcement Action” means (a) the taking of any action to enforce or realize upon any
Lien on the Collateral, including the institution of any foreclosure proceedings or the
noticing of any public or private sale or other disposition pursuant to Article 9 of the
UCC or other applicable law, (b) the exercise of any right or remedy provided to a secured
creditor or otherwise on account of a Lien under the Revolving Facility Documents, the
Noteholder Documents (including the enforcement of any right under any account control
agreement, landlord waiver or bailee’s letter or any similar agreement or arrangement),
applicable law, in an Insolvency Proceeding or otherwise, including the election to retain
Collateral in satisfaction of a Lien, (c) the taking of any action or the exercise of any
right or remedy in respect of the collection on, set off against, marshaling of, or
foreclosure on the Collateral or the proceeds of Collateral, (d) the Disposition of all or
any portion of the Collateral, by private or public sale, other disposition or any other
means permissible under applicable law, (e) the exercise of any other enforcement right
relating to the Collateral (including the exercise of any voting rights relating to any
stock or other equity interests and including any right of recoupment or set-off) whether
under the Revolving Facility Documents, the Noteholder Documents, applicable law, in an
Insolvency Proceeding or otherwise, or (f) the commencement of, or the joinder with any
creditor in commencing, any Insolvency Proceeding against any Grantor or any assets of any
Grantor.

     “Event of Default” has the meaning assigned to such term in the Credit Agreement, the
Indenture or an Additional Pari Passu Agreement, as the context may require.

     “Grantors” means the Borrowers, Holdings and each of their respective Subsidiaries
that shall have created or purported to create any Lien in favor of the Collateral Agent
and Security Trustee or the Notes Collateral Agent and Security Trustee on all or any part
of its assets (whether real or personal, or
tangible or intangible) to secure any of the Obligations.

     “Holdings” has the meaning assigned to such term in the preamble to this Intercreditor
Agreement.

3

 

     “Indenture” has the meaning assigned to such term in the recitals to this
Intercreditor Agreement.

     “Insolvency Proceeding” means (a) any voluntary or involuntary proceeding
under the Bankruptcy Code or any other Bankruptcy Law with respect to any Grantor, (b) any
voluntary or involuntary appointment of a receiver, trustee, custodian, sequestrator,
conservator or similar official for any Grantor or for a substantial part of the property
or assets of any Grantor, (c) any voluntary or involuntary winding-up or liquidation of any
Grantor, or (d) a general assignment for the benefit of creditors by any Grantor.

     “Intercreditor Agreement” has the meaning assigned to such term in the
preamble to this Intercreditor Agreement.

     “Junior Liens” means, with respect to any Collateral, the Noteholder Liens or
liens securing any Permitted Additional Pari Passu Obligations on such Collateral.

     “Lien” means, with respect to any asset, (a) any mortgage, deed of trust,
lien, pledge, hypothecation, encumbrance, charge or security interest in, on or of such
asset, (b) the interest of a vendor or a lessor under any conditional sale agreement,
capital lease or title retention agreement (or any financing lease having substantially the
same economic effect as any of the foregoing) relating to such asset and (c) in the case of
securities, any purchase option, call or similar right of a third person with respect to
such securities.

     “Mortgaged Properties” has the meaning assigned to such term in the Credit
Agreement as in effect on the date hereof.

     “New Revolving Credit Obligations Notice” has the meaning assigned to such
term in Section 7.02(c).

     “New Collateral Agent” has the meaning assigned to such term in Section 7.02(c).

     “Noteholder Actionable Default Notice” has the meaning assigned to such term
in Section 3.02.

     “Noteholder Actionable Default” means (a) a payment default with respect to
the Noteholder Obligations occurring on or after August 7, 2013 or, if later, the final
maturity of the Notes or any agreement governing Permitted Additional Pari Passu
Obligations, which results in an Event of Default under the Indenture or such Additional
Pari Passu Agreement, (b) an Event of Default under the Indenture or any Additional Pari
Passu Agreement and the acceleration by the Noteholders or holders of Permitted Additional
Pari Passu Obligations, as applicable, of the maturity of all the Notes or any outstanding Permitted Additional Pari Passu Obligations in accordance with the terms of the
Indenture or such Additional Pari Passu Agreement, or (c) the commencement of an Insolvency
Proceeding with respect to any Grantor which results in an Event of Default under the
Indenture or any Additional Pari Passu Agreement.

     “Noteholder Collateral” means all “Collateral”, as defined in the Noteholder
Security Agreement, and any other assets of any Grantor now or at any time hereafter
subject to Liens securing or purporting to secure (i) any Noteholder Obligations pursuant
to any Noteholder

4

 

Security Document or (ii) any Permitted Additional Pari Passu Obligations pursuant to any
Additional Pari Passu Agreement.

     “Noteholder Documents” means the Indenture, the Notes, the Noteholder Security
Documents and each Additional Pari Passu Agreement.

     “Noteholder Liens” means Liens on the Noteholder Collateral created under the
Noteholder Security Documents to secure any Noteholder Obligations.

     “Noteholder Mortgages” means, collectively, each of the mortgages, deeds of
trust, leasehold mortgages and security documents and any other agreement, document or
instrument pursuant to which any Lien upon any of the Mortgaged Properties is granted by,
or purported to be granted by, any Grantor to secure any Noteholder Obligations or under
which rights or remedies with respect to any such Lien are governed, including the Fleet
Mortgages and the Mortgages (as such terms are defined in the Indenture).

     “Noteholder Obligations” means, collectively, the “Obligations”, as defined in
the Noteholder Security Agreement as in effect on the date hereof (including, all amounts
accruing on or after the commencement of any Insolvency Proceeding relating to any Grantor,
or that would have accrued or become due under the terms of the Noteholder Documents but
for the effect of the Insolvency Proceeding or other applicable law, and irrespective of
whether a claim for all or any portion of such amounts is allowable or allowed in such
Insolvency Proceeding) and including any other Obligations in respect of, or arising under,
any Additional Pari Passu Agreement.

     “Noteholder Secured Parties” means, at any time, (a) each Noteholder, (b) the
Trustee, (c) the Notes Collateral Agent and Security Trustee, (d) each other “Secured
Party” as defined in the Noteholder Security Agreement (as in effect on the date hereof) to
which any Noteholder Obligations are owed, (e) if applicable, any Additional Pari Passu
Agent and Additional Pari Passu Secured Parties, and (f) the successors and assigns of each
of the foregoing.

     “Noteholder Security Agreement” has the meaning assigned to such term in the
recitals to this Intercreditor Agreement.

     “Noteholder Security Documents” means the Noteholder Security Agreement, the
Noteholder Mortgages, each Copyright Agreement, each Patent Agreement and each Trademark
Agreement (in each case as defined in the Noteholder Security Agreement) and any other
agreement, document or instrument pursuant to which a Lien is granted or purported to be
granted by any Grantor to secure any Noteholder Obligations and any Permitted Additional
Pari Passu Obligations or under which rights or remedies with respect to any such Lien are
governed.

     “Noteholders” means the Noteholders or the Holders under and as defined in the
Indenture.

     “Notes” means the 12.5% Senior Secured Notes due 2017 issued by Holdings and
guaranteed by the Grantors, and any notes issued in substitution or exchange therefor and
any additional Notes issued pursuant to the Indenture.

5

 

     “Notes Collateral Agent and Security Trustee” has the meaning assigned to such
term in the preamble to this Intercreditor Agreement and includes any successor or
replacement collateral agent appointed in accordance with the terms of the Noteholder
Documents.

     “Obligations” means the Noteholder Obligations and the Revolving Credit
Obligations.

     “Permitted Additional Pari Passu Obligations” means Indebtedness or
Obligations (other than Noteholder Obligations) of Holdings or any of its Subsidiaries that
are to be equally and ratably secured with the Noteholder Obligations and are so designated
as Permitted Additional Pari Passu Obligations in accordance with
Section 9.15 hereof;
provided, that such Permitted Additional Pari Passu Obligations are permitted to be so
incurred in accordance with any Revolving Facility Documents and any Noteholder Documents,
as applicable.

     “Permitted Enforcement Actions” has the meaning assigned to such term in Section
3.01.

     “Permitted Specified Enforcement Actions” has the meaning assigned to such
term in Section 3.01.

     “Person” means any individual, sole proprietorship, partnership, limited
liability company, joint venture, joint-stock company, trust, unincorporated organization,
association, corporation, government or any agency or political subdivision thereof or any
other entity.

     “Priority Lien” has the meaning assigned to such term in Section 3.06.

     “Purchase Agreement” means the Purchase Agreement dated as of July 1, 2009,
among Holdings, the Grantors party thereto and the initial purchasers named therein.

     “Refinance” means, in respect of any indebtedness or commitments to provide
indebtedness, including, without limitation, any Revolving Credit Obligations or Noteholder
Obligations, as applicable, to refinance, extend, renew, restructure (including by the
amendment and restatement of any instrument or agreement evidencing such indebtedness) or
replace or to issue other indebtedness or commitments to provide indebtedness in exchange
or replacement for, such indebtedness or commitments to provide indebtedness, in whole or
in part. “Refinanced” and “Refinancing” shall have correlative meanings.

     “Refinancing Notice” has the meaning assigned to such term in Section 7.02.

     “Replacement Collateral Agent” has the meaning assigned to such term in Section
7.02.

     “Replacement Revolving Credit Obligations” has the meaning assigned to such
term in Section 7.02.

     “Replacement Revolving Facility Documents” has the meaning assigned to such
term in Section 7.02.

     “Representative” means (a) with respect to the Revolving Facility Secured
Parties, the Collateral Agent and Security Trustee and (b) with respect to the Noteholder
Secured Parties, the Trustee, each Additional Pari Passu Agent and the Notes Collateral
Agent and Security Trustee.

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     “Revolving Credit Obligations” means, collectively, (a) the “Obligations”, as
defined in the Credit Agreement as in effect on the date hereof (including, all amounts
accruing on or after the commencement of any Insolvency Proceeding relating to any Grantor,
or that would have accrued or become due under the terms of the Revolving Facility
Documents but for the effect of the Insolvency Proceeding or other applicable law, and
irrespective of whether a claim for all or any portion of such amounts is allowable or
allowed in such Insolvency Proceeding).

     “Revolving Facility Collateral” means all “Collateral”, as defined in the
Credit Agreement, and any other assets of any Grantor now or at any time hereafter subject
to Liens securing (or purporting to secure) any Revolving Credit Obligations pursuant to
any Revolving Facility Security Document.

     “Revolving Facility Documents” means the “Loan Documents”, as defined in the
Credit Agreement.

     “Revolving Facility First Lien Collateral Transition Date” means the date on
which all Liens created under the Revolving Security Documents on the Revolving Facility
Collateral shall have been released.

     “Revolving Facility Liens” means Liens on the Revolving Facility Collateral
created under Revolving Facility Security Documents to secure any Revolving Credit
Obligations.

     “Revolving Facility Mortgages” means, collectively, each of the mortgages,
deeds of trust, leasehold mortgages and any other agreement, document or instrument
pursuant to which a Lien on Mortgaged Property is granted by, or purported to be granted
by, any Grantor to secure any Revolving Credit Obligations or under which rights or
remedies with respect to any such Lien are governed, including the Fleet Mortgages and the
Mortgages (as such terms are defined in the Credit Agreement).

     “Revolving Facility Secured Parties” means, at any time, (a) the Revolving
Lenders, (b) the Collateral Agent and Security Trustee, (c) each Lender (or Affiliate of
any Lender) that provides Bank Products (in each case as such terms in this clause (c) are
defined in the Credit Agreement as in effect on the date hereof) to any Grantor and (d) the
successors and assigns of each of the foregoing.

     “Revolving Facility Security Agreement” has the meaning assigned to such term
in the recitals to this Intercreditor Agreement.

     “Revolving Facility Security Documents” means the Revolving Facility Security
Agreement, the Revolving Facility Mortgages and each Trademark Security Agreement (as
defined in the Revolving Facility Security
 Agreement) and any other agreement, document or instrument pursuant to which a Lien is
granted or purported to be granted by any Grantor to secure any Revolving Credit
Obligations or under which rights or remedies with respect to any such Lien are governed.

     “Revolving Lenders” has the meaning assigned to such term in the recitals to
this Intercreditor Agreement.

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     “Second Lien Release” has the meaning assigned to such term in Section 3.05.

     “Secured Parties” means the Noteholder Secured Parties and the Revolving
Facility Secured Parties.

     “Security Agreement” means the Revolving Facility Security Agreement or the
Noteholder Security Agreement.

     “Security Documents” means the Revolving Facility Security Documents and the
Noteholder Security Documents.

     “Senior Discharge Date” means, subject to the terms of Section 7.02, the
earlier of (a) the Revolving Facility First Lien Collateral Transition Date and (b) the
payment in full in cash of the Revolving Credit Obligations and the termination of the
commitments of the Revolving Lenders to provide loans or other extensions of credit
pursuant to the Credit Agreement.

     “Senior Liens” means, with respect to any Collateral, the Revolving Facility
Liens on such Collateral.

     “Standstill Period” has the meaning assigned to such term in Section 3.02.

     “TIA” means the Trust Indenture Act of 1939 (15 U.S.C. Section 77aaa-77bbbb)
as in effect on the date hereof.

     “Trustee” has the meaning assigned to such term in the preamble to this
Intercreditor Agreement and includes any successor or replacement agent appointed in
accordance with the Noteholder Documents.

     “Uniform Commercial Code” or “UCC” means the Uniform Commercial Code
(or any similar or equivalent legislation) as in effect from time to time in any applicable
jurisdiction.

     “Vessels” shall the mean the Vessels more particularly described on Schedule 1
attached hereto, which vessels have been mortgaged to Collateral Agent and Security Trustee
and the Notes Collateral Agent and Security Trustee and which are more particularly
described in the Fleet Mortgages (as such term is defined in the Indenture).

          SECTION 1.02. Terms Generally. 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, restated,
supplemented or otherwise modified, (b) any reference herein (i) to any Person
shall be construed to include such Person’s successors and assigns and (ii) to ACL
or any other Grantor shall be construed to include ACL or such Grantor as debtor
and debtor-in-possession and any receiver or trustee for ACL or any other Grantor,
as the case may be, in any Insolvency Proceeding, (c) the words
“herein”, “hereof”
and

8

 

“hereunder”, and words of similar import, shall be construed to refer to this Intercreditor
Agreement in its entirety and not to any particular provision hereof, (d) all references herein to
Articles, Sections or Annexes shall be construed to refer to Articles or Sections of, or Annexes
to, this Intercreditor 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

LIEN PRIORITIES.

          SECTION 2.01. Relative Priorities. Notwithstanding the time, manner,
order or method of grant, creation, attachment or perfection of any Junior Lien or
any Senior Lien, and notwithstanding any provision of the UCC or any other
applicable law, the provisions of any Security Document or any other Debt Document,
any defect or deficiency or alleged deficiency in any of the foregoing or any other
circumstance whatsoever, each Representative, for itself and on behalf of its
respective Secured Parties, hereby agrees that, until the Senior Discharge Date,
(a) any Senior Lien now or hereafter held by or for the benefit of any Revolving
Facility Secured Party shall be senior in right, priority, perfection, operation,
effect and all other respects to any and all Junior Liens and (b) any Junior Lien
now or hereafter held by or for the benefit of any Noteholder Secured Party shall
be junior and subordinate in right, priority, operation, effect and all other
respects to any and all Senior Liens, in each case, on the terms set forth herein.
Until the Senior Discharge Date, the Senior Liens shall be and remain senior in right,
priority, operation, effect and all other respects to any Junior Liens for all
purposes, in each case, on the terms set forth herein, whether or not any Senior
Liens are subordinated in any respect to any other Lien securing any other
obligation of ACL, any other Grantor or any other Person and whether or not any
such Liens are voided, avoided, invalidated, lapsed or unperfected.

          SECTION 2.02. Prohibition on Contesting Liens. Each of the Collateral
Agent and Security Trustee, for itself and on behalf of the other Revolving
Facility Secured Parties, and the Notes Collateral Agent and Security Trustee, for
itself and on behalf of the other Noteholder Secured Parties, agrees that it will
not, and hereby waives any right to, contest or support any other Person in
contesting, in any proceeding (including any Insolvency Proceeding), the priority,
validity or enforceability of any Junior Lien or any Senior Lien, as the case may
be; provided, that nothing in this Intercreditor Agreement shall be
construed to prevent or impair the rights of the Collateral Agent and Security
Trustee or any other Revolving Facility Secured Party to enforce this Intercreditor
Agreement or their rights hereunder.

          SECTION 2.03. No New Liens. The Notes Collateral Agent and Security
Trustee, for itself and on behalf of the other Noteholder Secured Parties agrees
that, until the Senior Discharge Date, no Grantor, Subsidiary of any Grantor or
other Person shall grant or permit any additional Liens on any asset to secure any
Noteholder Obligation unless such Grantor, Subsidiary or other Person has granted,
or substantially concurrently therewith grants, a Senior Lien on such asset to
secure the Revolving Credit Obligations, with each such Lien to be subject to the
provisions of this Intercreditor Agreement. To the extent that the provisions of
the immediately preceding sentence are not complied with for any reason, without
limiting any other right or remedy available to the Collateral Agent and Security
Trustee or the other Revolving

9

 

Facility Secured Parties, the Notes Collateral Agent and Security Trustee agrees, for itself and on
behalf of the other Noteholder Secured Parties, that any amounts received by or distributed to any
Noteholder Secured Party pursuant to or as a result of any Lien granted and existing in
contravention of this Section 2.03 shall be subject to Section 4.02. Notwithstanding the foregoing
or any other provision in this Intercreditor Agreement to the contrary, the provisions of this
Section are not intended to, nor shall they be deemed to, affect in any manner the enforceability
against any Grantor or any other Person of any such Lien granted and existing contrary to the terms
of this Section.

          SECTION 2.04. Similar Liens and Agreements. Each Representative, for itself and on behalf of its respective Secured Parties,
agrees that it is their intention that the specific assets which are included in
the Revolving Facility Collateral and the Noteholder Collateral be identical. In
furtherance of the foregoing, the parties hereto agree to cooperate in good faith
in order to determine, upon any reasonable request by the Collateral Agent and
Security Trustee or the Notes Collateral Agent and Security Trustee, as the case
may be, the specific assets included in the Revolving Facility Collateral and the
Noteholder Collateral, the steps taken to perfect the Liens thereon in accordance
with this Intercreditor Agreement and the identity of the respective parties
obligated under the Revolving Facility Documents and the Noteholder Documents in
respect of the Revolving Credit Obligations and the Noteholder Obligations,
respectively.

ARTICLE III

ENFORCEMENT RIGHTS WITH RESPECT TO THE COLLATERAL.

          SECTION 3.01. Exercise of Rights and Remedies.

     (a) Until the Senior Discharge Date, whether or not any Insolvency Proceeding has been
commenced, the Collateral Agent and Security Trustee and the Revolving Facility Secured
Parties shall have the exclusive right to take any Enforcement Action with respect to
Collateral, in each case, without any consultation with or the consent of the Notes
Collateral Agent and Security Trustee or any other Noteholder Secured Party;
provided, that, notwithstanding the foregoing, the Notes Collateral Agent and
Security Trustee may:

     (i) in any Insolvency Proceeding, file a proof of claim or statement of
interest with respect to the Noteholder Obligations; provided, that, in the
event the Notes Collateral Agent and Security Trustee has failed to file any such
proof of claim or statement of interest within 30 days prior to the bar date
applicable to such claim, the Collateral Agent and Security Trustee may (but shall
not be obligated to) file any such proof of claim or statement of interest on
behalf of the Notes Collateral Agent and Security Trustee and the Noteholder
Secured Parties; provided, further, that, (A) if the Collateral Agent and
Security Trustee files any such proof of claim as contemplated above and the
Trustee or Notes Collateral Agent and Security Trustee shall subsequently timely
file a proper proof of claim in such Insolvency Proceeding, such subsequent proper
proof of claim filed by the Trustee or the Notes Collateral Agent and Security
Trustee shall supersede any such proof of claim theretofore filed by the Collateral
Agent and Security Trustee on behalf of the Notes Collateral Agent and Security
Trustee and the Noteholder Secured Parties and such proof of claim theretofore filed by
the Collateral

10

 

Agent and Security Trustee on behalf of the Notes Collateral Agent and Security
Trustee and the Noteholder Secured Parties shall thereupon be deemed to be withdrawn, and
(B) the foregoing provisions of this clause (a)(i) shall not be construed to authorize the
Collateral Agent and Security Trustee to authorize or consent to or accept or adopt on
behalf of any Noteholder any plan of reorganization, arrangement, adjustment or composition
affecting the Notes;

     (ii) take any action to preserve or protect the validity and enforceability
of the Junior Liens; provided, that no such action is, or could
reasonably be expected to be, (A) adverse to the Senior Liens or the rights
of the Collateral Agent and Security Trustee or any other Revolving
Facility Secured Party to exercise remedies in respect thereof or (B)
inconsistent with the terms of this Intercreditor Agreement, including,
without limitation, the automatic release of Junior Liens provided
for in Section 3.04;

     (iii) file any responsive or defensive pleadings in opposition to any
motion, claim, adversary proceeding or other pleading made by any Person
objecting to or otherwise seeking the disallowance of the claims of the
Noteholder Secured Parties, including any claims secured by the Noteholder
Collateral, or otherwise make any agreements or file any motions pertaining
to the Noteholder Obligations, in each case, to the extent not inconsistent
with the terms of this Intercreditor Agreement;

     (iv) exercise rights and remedies as unsecured creditors to the extent (and
only to the extent) provided in Section 3.03 (the actions described
in clauses (a)(i) through (a)(iv) of this Section 3.01 being referred to
herein as the “Permitted Enforcement Actions”); and

     (v) following the termination of the Standstill Period, take any Enforcement
Action in accordance with the terms of Section 3.02 (the actions described in
clauses (a)(i) through (a)(v) of this Section 3.01 being referred to herein as the
“Permitted Specified Enforcement Actions”).

Except for the Permitted Specified Enforcement Actions, unless and until the Senior Discharge Date,
the sole rights of the Notes Collateral Agent and Security Trustee and the other Noteholder Secured
Parties with respect to the Noteholder Collateral shall be to enforce the terms of this
Intercreditor Agreement and receive such Collateral (or the proceeds thereof), if any, remaining
after the Senior Discharge Date has occurred (to the extent (and only to the extent) required by
the Noteholder Documents).

     (b) In exercising rights and remedies with respect to the Collateral, the Collateral
Agent and Security Trustee and the other Revolving Facility Secured Parties may enforce the
provisions of the Revolving Facility Security Documents and exercise remedies thereunder,
all in such order and in such manner as they may determine in their sole discretion. Such
exercise and enforcement shall include, without limitation, the rights of an agent
appointed by them to Dispose of Revolving Facility Collateral upon foreclosure, to incur
expenses in connection with any such Disposition and to exercise all the rights and
remedies of a secured creditor under the Uniform Commercial Code in effect in any
jurisdiction, the Bankruptcy Code or any other Bankruptcy Law, with respect to such
Collateral. The Collateral Agent and Security Trustee

11

 

agrees, unless it is unable or impractical to do so in order to preserve value of the Revolving
Facility Collateral (as reasonably determined by the Collateral Agent and Security Trustee) or the
rights and remedies of the Revolving Facility Secured Parties therein, to provide at least ten
days’ prior written notice to the Notes Collateral Agent and Security Trustee of its intention to
take any Enforcement Action with respect to a material portion of the Revolving Facility
Collateral; provided, however, that the failure to give any such notice shall not
in any way limit its ability hereunder to take any such Enforcement Action.

     (c) The Notes Collateral Agent and Security Trustee, for itself and on behalf of the
other Noteholder Secured Parties, hereby acknowledges and agrees that no covenant,
agreement or restriction contained in any Noteholder Security Document or any other
Noteholder Document shall be deemed to prohibit, restrain or otherwise restrict in any way
the rights and remedies of the Collateral Agent and Security Trustee or the other Revolving
Facility Secured Parties with respect to the Revolving Facility Collateral as set forth in
this Intercreditor Agreement and the other Revolving Facility Documents.

          SECTION 3.02.
No Interference; Standstill Period. The Notes Collateral
Agent and Security Trustee, for itself and on behalf of the other Noteholder
Secured Parties, agrees that, whether or not any Insolvency Proceeding has been
commenced, the Noteholder Secured Parties:

     (a) will not, prior to the Senior Discharge Date, except for Permitted Enforcement
Actions, take any Enforcement Action; provided, that the Notes Collateral Agent and
Security Trustee may commence or take any Enforcement Action after a period (the
“Standstill Period”) beginning on the date that the Notes Collateral Agent and
Security Trustee provides written notice (a “Noteholder Actionable Default Notice”)
to the Collateral Agent and Security Trustee that a Noteholder Actionable Default has
occurred (it being understood and agreed that such notice shall be
invalid and void ab
initio if such Noteholder Actionable Default has not occurred) and ending 180 days from the
date of receipt by the Collateral Agent and Security Trustee of such Noteholder Actionable
Default Notice so long as such Noteholder Actionable Default is continuing;
provided, further, that, (A) notwithstanding the expiration of the Standstill
Period or anything herein to the contrary, in no event shall the Notes Collateral Agent and
Security Trustee or any other Noteholder Secured Party take any Enforcement Action if the
Collateral Agent and Security Trustee or any other Revolving Facility Secured Party shall
have commenced, and shall be diligently pursuing (or shall have sought or requested relief
from or modification of the automatic stay or any other stay in any Insolvency Proceeding
to enable the commencement and pursuit thereof), any Enforcement Action (including, without
limitation, the diligent pursuit of any of the following: solicitation of bids from third
parties to conduct the liquidation of all or a material portion of the Collateral, the
engagement or retention of sales brokers, marketing agents, investment bankers,
accountants, auctioneers or other third parties for the purpose of valuing, marketing and
selling all or a material portion of the Collateral, notification of accounts debtors to
make payments to the Collateral Agent and Security Trustee or its agents, any action to
take possession of all or a material portion of the Collateral, or commencement and
diligent pursuit of any legal proceedings or actions against or with respect to all or a
material portion of the Collateral) and (B) after the expiration of the Standstill Period,
so long as neither the Collateral Agent and Security Trustee nor the Revolving Facility
Secured Parties have commenced any Enforcement Action (including, without limitation, an
Enforcement Action described in the immediately preceding parenthetical clause), in the
event that and for so long as the Noteholder

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Secured Parties (or the Notes Collateral Agent and Security Trustee on their behalf) have
commenced any Enforcement Action with respect to all or any material portion of the Collateral to
the extent permitted hereunder and are using its best efforts to diligently pursue such actions,
neither the Revolving Facility Secured Parties nor the Collateral Agent and Security Trustee shall
take any action of a similar nature with respect to such portion of the Collateral to which such
Enforcement Action directly relates; provided, that all other provisions of this Intercreditor
Agreement (including the turnover provisions of Section 4.02) are complied with;

     (b) will not contest, protest or object to any foreclosure action or proceeding
brought by the Collateral Agent and Security Trustee or any other Revolving
Facility Secured Party, or any other enforcement or exercise by any Revolving
Facility Secured Party of any rights or remedies relating to the Revolving Facility
Collateral under the Revolving Facility Documents or otherwise, so long as Junior
Liens attach to the proceeds thereof subject to the relative priorities set forth
in Section 2.01;

     (c) subject to the rights of the Noteholder Secured Parties under clause (a)
above, will not object to the forbearance by the Collateral Agent and Security
Trustee or any other Revolving Facility Secured Party from commencing or pursuing
any foreclosure action or proceeding or any other enforcement or exercise of any
rights or remedies with respect to the Revolving Facility Collateral;

     (d) will not, prior to the Senior Discharge Date, except for Permitted Specified
Enforcement Actions, take or receive any Collateral, or any proceeds thereof or
payment with respect thereto, in connection with the exercise of any right or
enforcement of any remedy (including any right of setoff) with respect to any such
Collateral or in connection with any insurance policy award under a policy of
insurance relating to any such Collateral or any condemnation award (or deed in
lieu of condemnation) relating to any such Collateral;

     (e) will not, except for Permitted Specified Enforcement Actions, take any action
that would, or could reasonably be expected to, hinder, in any manner, any exercise
of rights or remedies under the Revolving Facility Documents or the rights or
remedies of the Revolving Facility Secured Parties under applicable law, including
any Disposition of any Collateral, whether by foreclosure or otherwise;

     (f) will not, except for Permitted Specified Enforcement Actions, object to the
manner in which the Collateral Agent and Security Trustee or any other Revolving
Facility Secured Party may seek to enforce or collect the Revolving Credit
Obligations or the Senior
Liens, regardless of whether any action or failure to act by or on behalf of
the Collateral Agent and Security Trustee or any other Revolving Facility Secured
Party is, or could possibly be, adverse to the interests of the Noteholder Secured
Parties, and will not assert, and hereby waive, to the fullest extent permitted by
law, any right to demand, request, plead or otherwise assert or claim the benefit
of any marshalling, appraisal, valuation or other similar right that may be
available under applicable law with respect to the Collateral or any similar rights
a junior secured creditor may have under applicable law; and

     (g) will not attempt, directly or indirectly, whether by judicial proceeding or
otherwise, to challenge or question the validity or enforceability of any Revolving
Credit

13

 

Obligations or any Revolving Facility Security Document, including this Intercreditor
Agreement, or the validity or enforceability of the priorities, rights or obligations established
by this Intercreditor Agreement.

          SECTION 3.03.
Rights as Unsecured Creditors. Each Representative and the other
Secured Parties may, in accordance with the terms of the applicable Debt Documents
and applicable law, enforce rights and exercise remedies against ACL and any other
Grantor as unsecured creditors; provided, that no such action is otherwise
inconsistent with the terms of this Intercreditor Agreement. Nothing in this
Intercreditor Agreement shall prohibit the receipt by the Notes Collateral Agent
and Security Trustee or any other Noteholder Secured Party of the required payments
of principal, premium, interest, fees and other amounts due under the Noteholder
Documents so long as such receipt is not the direct or indirect result of (x) the
enforcement or exercise by the Notes Collateral Agent and Security Trustee or any
other Noteholder Secured Party of rights or remedies as a secured creditor
(including any right of setoff) or (y) any contravention of this Intercreditor
Agreement (including any judgment lien resulting from the exercise of remedies
available to an unsecured creditor) or the Revolving Facility Documents.

          SECTION 3.04. Automatic Release of Junior Liens.

     (a) The Notes Collateral Agent and Security Trustee and each other Noteholder
Secured Party agree that in the event of a Disposition of Revolving Facility
Collateral subject to any Junior Lien (regardless of whether or not an Event of
Default has occurred and is continuing under the Noteholder Documents at the time
of such Disposition), such Junior Lien on such Collateral (and, if such Collateral
is all of the equity interests of a Grantor, all obligations of such Grantor under
the Noteholder Documents) shall, subject to the terms of the Noteholder Documents,
terminate and be released automatically, unconditionally, simultaneously and
without further action if the applicable Senior Liens on such Collateral (and, if
such Collateral is all of the equity interests of a Grantor, all obligations of
such Grantor under the Revolving Facility Documents) are released and if such
Disposition either (x) is then not prohibited by the Noteholder Documents or (y)
occurs in connection with the foreclosure upon or other exercise of rights and
remedies with respect to such Revolving Facility Collateral; provided, that, in the
case of a Disposition pursuant to subclause (y) above, the proceeds of any such
Disposition received by any Revolving Facility Secured Party shall be applied to
repay Revolving Credit Obligations;
provided, further, that, in the case of a Disposition pursuant to subclause
(x) or (y) above, the Junior Lien shall remain in full force and effect with
respect to any proceeds of such Disposition that remain after the satisfaction in
full of the Revolving Credit Obligations.

     (b) The Notes Collateral Agent and Security Trustee agrees to execute and deliver
(at the sole cost and expense of the Grantors) all such releases and other
instruments as shall reasonably be requested and provided by the Collateral Agent
and Security Trustee to evidence and confirm any release of Collateral provided for
in this Section 3.04. Until the Senior Discharge Date, the Notes Collateral Agent
and Security Trustee, for itself and on behalf of each other Noteholder Secured
Party, hereby appoints the Collateral Agent and Security Trustee, and any officer
or agent of the Collateral Agent and Security Trustee as the Collateral Agent and
Security Trustee may designate from time to time, with full power of substitution,
as the attorney-in-fact of the Notes Collateral Agent and Security Trustee and each
Noteholder Secured

14

 

Party for the purpose of entering into any such release and other instruments and carrying out
the provisions of this Section 3.04 and taking any action and executing any instrument that the
Collateral Agent and Security Trustee may deem necessary or advisable to accomplish the purposes of
this Section 3.04, which appointment is irrevocable and coupled with an interest.

          SECTION 3.05. Automatic Release of Senior Liens. If, in connection with any
Enforcement Action taken by the Notes Collateral Agent and Security Trustee after
the expiration of the Standstill Period that is permitted in accordance with
Section 3.02, the Notes Collateral Agent and Security Trustee, for itself and on
behalf of the other Noteholder Secured Parties, (x) releases any of the Junior
Liens on any Collateral, or (y) if such Collateral is all of the equity interests
of a Grantor, releases such Grantor from its obligations under the Noteholder
Documents (in each case, a “Second Lien Release”), then the Senior Liens on such
Collateral and, if such Collateral is all of the equity interests of such Grantor,
the obligations of any such Grantor under the Revolving Facility Documents, shall
be automatically released, and promptly upon the request of the Notes Collateral
Agent and Security Trustee the Collateral Agent and Security Trustee shall, for
itself and on behalf of the other Revolving Facility Secured Parties, execute and
deliver (at the sole cost and expense of the Grantors) all such releases and other
instruments as shall be reasonably requested by the Notes Collateral Agent and
Security Trustee to evidence and confirm any release of Collateral or of a Grantor
provided for in this Section; provided, that, so long as the Senior Discharge Date
has not occurred, the proceeds of, or payments with respect to, any Collateral
shall be segregated and held in trust and forthwith transferred or paid over to the
Collateral Agent and Security Trustee for the benefit of the Revolving Facility
Secured Parties in accordance with Section 4.02.

          SECTION 3.06. Priority Liens. If a subordination of the Collateral Agent and
Security Trustee’s Lien on any Revolving Facility Collateral is permitted (or in
good faith believed by the Collateral Agent and Security Trustee to be permitted)
under the Revolving Facility Documents to another Lien permitted under the
Revolving Facility Documents (a “Priority Lien”), then the Collateral Agent and
Security Trustee is authorized to execute and deliver a subordination agreement
with respect thereto in form and substance satisfactory to it.

          SECTION 3.07. Insurance and Condemnation Awards. Until the Senior Discharge
Date shall have occurred, the Collateral Agent and Security Trustee and the other
Revolving Facility Secured
Parties shall have the exclusive right, subject to the rights (if any) of the
Grantors under the Revolving Facility Documents, to settle and adjust any insurance
policy or claim covering or constituting Collateral and to approve any award
granted in any condemnation or similar proceeding, or any deed in lieu of
condemnation, in respect of any Collateral. All proceeds of any such policy and any
such award, or any payments with respect to a deed in lieu of condemnation, shall
constitute Collateral, subject to the rights (if any) of the Grantors under the
Revolving Facility Documents, and shall be paid in accordance with Section
4.01. Until the Senior Discharge Date, if any Notes Collateral Agent and Security Trustee or any
other Noteholder Secured Party shall, at any time, receive any proceeds of any such insurance
policy or any such award or payment in violation of this Section 3.07, it shall immediately
transfer and pay over such proceeds to the Collateral Agent and Security Trustee in accordance with
Section 4.02.

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ARTICLE IV

PAYMENTS.

          SECTION 4.01. Application of Proceeds. Until the Senior Discharge Date, any
Collateral or proceeds thereof received by a Representative shall be applied by
such Representative (a) first, to the Revolving Credit Obligations, (b) second, to
the Noteholder Obligations and (c) third, to the applicable Grantor, or in each
case as a court of competent jurisdiction may otherwise direct. After the Senior
Discharge Date, the Collateral Agent and Security Trustee shall deliver to the
Notes Collateral Agent and Security Trustee any remaining Collateral and any
proceeds thereof then held by it, together with any necessary endorsements, or as
a court of competent jurisdiction may otherwise direct, to be applied by the Notes
Collateral Agent and Security Trustee (a) first, to the Noteholder Obligations and
(c) second, to the applicable Grantor, or in each case as a court of competent
jurisdiction may otherwise direct.

          SECTION 4.02. Payment Over. Until the Senior Discharge Date, each Noteholder
Secured Party (other than the Notes Collateral Agent and Security Trustee) hereby
agrees that any Revolving Facility Collateral or any proceeds thereof (together
with assets or proceeds subject to Liens referred to in the penultimate sentence
of Section 2.03) received directly or indirectly by such Noteholder Secured Party
in contravention of this Intercreditor Agreement shall be segregated and held in
trust and forthwith transferred or paid over to the Collateral Agent and Security
Trustee for the benefit of the Revolving Facility Secured Parties in the same form
as received, together with any necessary endorsements, or as a court of competent
jurisdiction may otherwise direct. Until the Senior Discharge Date, the Notes
Collateral Agent and Security Trustee hereby agrees that any Revolving Facility
Collateral or any proceeds thereof (together with assets or proceeds subject to
Liens referred to in the penultimate sentence of Section 2.03) received directly
or indirectly by the Notes Collateral Agent and Security Trustee (w) in connection
with any Disposition of, or collection on, such Collateral upon any Enforcement
Action, (x) in connection with any insurance policy claim or any condemnation
award (or deed in lieu of condemnation) or (y) as contemplated under Sections
2.03, 3.02, 3.05,
3.07, 6.01 or 6.02 (whether as a matter of law or otherwise), shall be segregated and held in trust
and forthwith transferred or paid over to the Collateral Agent and Security Trustee for the benefit
of the Revolving Facility Secured Parties in the same form as received,
together with any necessary endorsements, or as a court of competent jurisdiction may otherwise
direct. Until the Senior Discharge Date, the Notes Collateral Agent and Security Trustee, for
itself and on behalf of each other Noteholder Secured Party, hereby appoints the Collateral Agent
and Security Trustee, and any officer or agent of the Collateral Agent and Security Trustee as may
be designated by the Collateral Agent and Security Trustee from time to time, with full power of
substitution, the attorney-in-fact of each Noteholder Secured Party for the purpose of carrying out
the provisions of this Section 4.02 and taking any action and executing any instrument that the
Collateral Agent and Security Trustee may deem necessary or advisable to accomplish the purposes of
this Section 4.02, which appointment is irrevocable and coupled with an interest. For purposes of
this Section 4.02, payments made by Grantors to any Noteholder Secured Party with the proceeds of a
loan by Revolving Facility Secured Parties shall not be construed to constitute proceeds of
Collateral.

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          SECTION 4.03. Unenforceable Liens. Notwithstanding anything to the contrary
contained herein, if in any Insolvency Proceeding a determination is made that any
Lien encumbering any Revolving Facility Collateral is not enforceable for any
reason, then the Notes Collateral Agent and Security Trustee and the Noteholder
Secured Parties agree that, any distribution or recovery they may receive with
respect to, or allocable to, the value of the assets intended to constitute such
Collateral or any proceeds thereof, to the extent that such assets constitute
Noteholder Collateral, shall (until the Senior Discharge Date) be segregated and
held in trust and forthwith paid over to the Collateral Agent and Security Trustee
for the benefit of the Revolving Facility Secured Parties in the same form as
received without recourse, representation or warranty (other than a representation
of the Notes Collateral Agent and Security Trustee that it has not otherwise sold,
assigned, transferred or pledged any right, title or interest in and to such
distribution or recovery) but with any necessary endorsements or as a court of
competent jurisdiction may otherwise direct until the Senior Discharge Date. Until
the Senior Discharge Date, the Notes Collateral Agent and Security Trustee, for
itself and on behalf of each other Noteholder Secured Party, hereby appoints the
Collateral Agent and Security Trustee, and any officer or agent of the Collateral
Agent and Security Trustee as may be designated by the Collateral Agent and
Security Trustee from time to time, with full power of substitution, the
attorney-in-fact of each Noteholder Secured Party for the limited purpose of
carrying out the provisions of this Section 4.03 and taking any action and
executing any instrument that the Collateral Agent and Security Trustee may deem
necessary or advisable to accomplish the purposes of this Section 4.03, which
appointment is irrevocable and coupled with an interest.

ARTICLE V

PLEDGED OR CONTROLLED COLLATERAL.

          SECTION 5.01. General. The Collateral Agent and Security Trustee agrees that
if it shall at any time hold a Senior Lien on any Noteholder Collateral that can or
is required to be perfected or the priority of which can be enhanced by the
possession or control of such Collateral or of any account in which such Collateral
is held, and if such Collateral or any such account is in fact in the possession or
under the control of such Collateral Agent, or of agents or bailees of the
Collateral Agent and Security Trustee, the Collateral Agent and Security Trustee
shall, solely for the purpose of perfecting the Junior Liens granted under the
Noteholder Security Documents and, subject to the terms and conditions of this
Article V, also hold and/or maintain control of such Collateral for the
benefit of the Notes Collateral Agent and Security Trustee and the other Noteholder
Secured Parties as agent on behalf of and representative (as defined in Section
1-201(35) of the UCC) of the Notes Collateral Agent and Security Trustee and on
behalf and for the benefit of the Notes Collateral Agent and Security Trustee and
Noteholder Secured Parties. It is agreed that the obligations of the Collateral
Agent and Security Trustee and the rights of the Notes Collateral Agent and
Security Trustee and the other Noteholder Secured Parties in connection with any
such bailment arrangement will be in all respects subject to the provisions of
Articles II and III. Notwithstanding anything to the contrary herein, the
Collateral Agent and Security Trustee will be deemed to make no representation as
to the adequacy of the steps taken by it to perfect the Junior Lien on any such
Collateral and shall have no responsibility, duty, obligation or liability to the
Notes Collateral Agent and Security Trustee or other Noteholder Secured Party or
any other Person for such perfection or failure to perfect, it being understood
that the sole purpose of this Article is to enable the Noteholder Secured Parties
to obtain a

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perfected Junior Lien in such Collateral to the extent, if any, that such perfection results from
the possession or control of such Collateral or any such account by the Collateral Agent and
Security Trustee. Subject to Section 7.04, at such time as the Revolving Credit Obligations shall
have been paid and satisfied in full and any commitment to extend credit that would constitute such
Revolving Credit Obligations shall have been terminated, the Collateral Agent and Security Trustee
shall use its commercially reasonable efforts to promptly take all such actions in its power (at
the sole cost and expense of the Grantors) as shall be reasonably requested by the Notes Collateral
Agent and Security Trustee or the applicable Grantor, as the case may be, to transfer the
possession and control of such Collateral or any such account, together with any necessary
endorsements but without recourse or warranty, (i) if the Noteholder Obligations are outstanding at
such time, to the Notes Collateral Agent and Security Trustee (in each case, to the extent that the
Notes Collateral Agent and Security Trustee has a Lien on such Collateral or account after giving
effect to any prior or concurrent releases of Liens), and (ii) if no Noteholder Obligations are
outstanding at such time, to the applicable Grantor.

          SECTION 5.02. Control Accounts.

          (a) Holdings and its subsidiaries, to the extent required by the Credit
Agreement or Security Documents, shall maintain deposit accounts and
securities accounts (collectively, together with all accounts and
sub-accounts relating to any such deposit account or securities account,
the “Control Accounts”) which are subject to the Collateral Agent and
Security Trustee’s control. The Collateral Agent and Security Trustee will
act as agent on behalf of the Notes Collateral Agent and Security Trustee
and the other Noteholder Secured Parties for the purpose of perfecting the
Liens of the Notes Collateral Agent and Security Trustee and the other
Noteholder Secured Parties granted under the Notes Security Documents in
all such Control Accounts and the cash, funds, checks, notes, “securities
entitlements” (as such terms are defined in the UCC), instruments and other
assets from time to time on deposit in any Control Account as provided in
Section 5.01 (but will have no duty, responsibility or obligation to the
Noteholder Secured Parties except as set forth in the last sentence of this
Section). Unless the Junior Liens on such Collateral shall have been or
concurrently are released, after the occurrence of the Senior Discharge
Date, (a) the Collateral Agent and Security Trustee shall at the request of
the Trustee, transfer control of all cash and other assets in any such
Control Account maintained with it to the Notes Collateral Agent and
Security Trustee, and (b) the Collateral Agent and Security Trustee, ACL
and the Notes Collateral Agent and Security
Trustee (at the expense of ACL) shall have each control agreement
assigned to the Notes Collateral Agent and Security Trustee or otherwise
have control of any other Control Accounts to be transferred to the Notes
Collateral Agent and Security Trustee (or for other arrangements with
respect to each such Depositary Account satisfactory to the Notes
Collateral Agent and Security Trustee to be made), in each case (in the
case of clauses (a) and (b)), to the extent that the Noteholder Documents
would entitle the Notes Collateral Agent and Security Trustee, or would
require Holdings or any of its subsidiaries, to take such actions if such
assets or cash were held by Holdings or such subsidiary.

          (b) For purposes of Section 5.02(a), as security for the payment and
performance in full of all the Noteholder Obligations each Grantor hereby grants to the Collateral
Agent and Security Trustee for the benefit of the Notes Collateral Agent and Security Trustee and
the other Noteholder Secured Parties a Lien on and security interest in all of the right, title

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and interest of such Grantor, in and to and under the Control Accounts and the cash, funds, checks,
notes, “securities entitlements” (as such terms are defined in the UCC), instruments and other
assets from time to time on deposit in any Control Account, wherever located and whether now
existing or hereafter arising or acquired from time to time.

ARTICLE VI

INSOLVENCY PROCEEDINGS.

          SECTION 6.01. DIP Financing and Asset Sales.

     (a) Until the Senior Discharge Date, in the event of any Insolvency Proceeding, each
Noteholder Secured Party agrees that it:

     (i) will not oppose or object to the use of any Collateral constituting
cash collateral under Section 363 of the Bankruptcy Code, or any
comparable provision of any other Bankruptcy Law, unless the Collateral
Agent and Security Trustee, or a representative authorized by the
Collateral Agent and Security Trustee, shall oppose or object to such use
of cash collateral;

     (ii) will not oppose or object to (or join with any third party in
opposing or objecting to) any post-petition financing, whether provided by
the Revolving Facility Secured Parties or any other Person, under Section
364 of the Bankruptcy Code, or any comparable provision of any other
Bankruptcy Law (a “DIP Financing”), or the Liens on the Collateral
securing any DIP Financing (“DIP Financing Liens”), unless the Revolving
Facility Secured Parties, or a representative authorized by the Revolving
Facility Secured Parties, shall then oppose or object to such DIP
Financing or such DIP Financing Liens, and, to the extent that such DIP
Financing Liens are senior to, or rank pari passu with, the Senior Liens,
the Notes Collateral Agent and Security Trustee will, for itself and on
behalf of the other Noteholder Secured Parties, subordinate the Junior
Liens to the Senior Liens and the DIP Financing Liens on substantially
similar terms as set forth in this Intercreditor Agreement (as reasonably
determined by the Collateral Agent and Security Trustee); provided, that
the foregoing shall not prevent the Noteholder Secured Parties from
proposing a DIP Financing to any Grantors or to a court of competent
jurisdiction; and

     (iii) except to the extent permitted by clause (b) of this Section 6.01,
whether in connection with the use of cash collateral as described in
clause (a)(i) above or a DIP Financing or otherwise, will not request
adequate protection or any other relief in connection with such use of
cash collateral, DIP Financing or DIP Financing Liens.

     (b) If, in connection with any DIP Financing or use of cash collateral, (A) any
Revolving Facility Secured Party is granted adequate protection in the form of a Lien on
additional collateral, the Notes Collateral Agent and Security Trustee may, for itself and
on behalf of the other Noteholder Secured Parties, seek or request adequate protection in
the form of a Lien on such additional collateral, which Lien will be subordinated to the
Senior Liens and DIP Financing Liens on the same basis as the other Junior Liens are
subordinated to the Senior Liens

19

 

under this Intercreditor Agreement or (B) any Noteholder Secured Party is granted adequate
protection in the form of a Lien on additional collateral, the Collateral Agent and Security
Trustee shall, to the extent permitted by court order, for itself and on behalf of the other
Revolving Facility Secured Parties, be granted adequate protection in the form of a Lien on such
additional collateral that is senior to such Junior Lien as security for the Revolving Credit
Obligations (with the understanding that (i) whether or not any such senior Lien is granted to the
Collateral Agent and Security Trustee on such collateral, any amounts or other proceeds received in
respect of such Lien shall be subject to the provisions of Section 4.02 and (ii) no Revolving
Credit Facility Secured Party will object to or oppose and adequate protection granted to an
Noteholder Secured Party as contemplated by this clause (B)).

     (c) Notwithstanding the foregoing, the applicable provisions of Section 6.01(a) and
(b) shall only be binding on the Noteholder Secured Parties with respect to any DIP
Financing to the extent (i) the amount of such DIP Financing plus (ii) the aggregate
outstanding principal amount of all Revolving Credit Obligations as of the date of such DIP
Financing (excluding any Bank Products (as such term is defined in the Credit Agreement as
in effect on the date hereof)) does not exceed $450,000,000.

          SECTION 6.02. Reorganization Securities. If, in any Insolvency Proceeding,
debt obligations of the reorganized debtor secured by Liens upon any property of
the reorganized debtor are distributed, pursuant to a plan of reorganization or
similar dispositive restructuring plan, on account of both the Revolving Credit
Obligations and the Noteholder Obligations, then, to the extent the debt
obligations distributed on account of the Revolving Credit Obligations and on
account of the Noteholder Obligations are secured by Liens upon the same assets or
property, the provisions of this Intercreditor Agreement will survive the
distribution of such debt obligations pursuant to such plan and will apply with
like effect to the Liens securing such debt obligations.

ARTICLE VII

MODIFICATIONS TO DEBT DOCUMENTS; REFINANCINGS.

          SECTION 7.01. Matters Relating to Debt Documents.

     (a) Subject to the limitations contained in Section 7.01 (b)(i), the Revolving
Facility Documents may be amended, restated, supplemented or otherwise modified in
accordance with their terms, and Revolving Credit Obligations and the Noteholder
Obligations may be Refinanced, in each case, without notice to, or the consent of, any
Revolving Facility Secured Party or any Noteholder Secured Party and without affecting the
subordination of the
Junior Liens hereunder or the provisions of this Intercreditor Agreement defining the
relative rights of the Revolving Facility Secured Parties and the Noteholder Secured
Parties; provided, however, that the holders of the indebtedness (and the Liens securing
such indebtedness) resulting from any such Refinancing, or a duly authorized agent on their
behalf, shall have agreed in writing to be bound by the terms of this Intercreditor
Agreement pursuant to such documents or agreements (including amendments or supplements to
this Intercreditor Agreement) as the Collateral Agent and Security Trustee or the Notes
Collateral Agent and Security Trustee, as the case may be,

20

 

shall reasonably request and in form and substance reasonably acceptable to the Collateral Agent
and Security Trustee or the Notes Collateral Agent and Security Trustee, as the case may be.

     (b) It is acknowledged that (i) the aggregate amount of the Revolving Credit
Obligations may, subject to the limitations set forth in the Indenture (as in effect on the
date hereof) be increased, (ii) a portion of the Revolving Credit Obligations consists or
may consist of indebtedness that is revolving in nature, and the amount thereof that may be
outstanding at any time or from time to time may be repaid and subsequently reborrowed, and
(iii) the Revolving Credit Obligations may be supplemented, waived, repaid, refunded,
Refinanced, amended or otherwise modified from time to time, all without affecting the
subordination of the Junior Liens hereunder or the provisions of this Intercreditor
Agreement defining the relative rights of the Revolving Facility Secured Parties and the
Noteholder Secured Parties. The lien priorities provided for herein shall not be altered or
otherwise affected by any amendment, modification, supplement, increase, restatement or
Refinancing of either the Revolving Credit Obligations or the Noteholder Obligations, by
the release of any Collateral or of any guarantees securing any Revolving Credit
Obligations or by any action that any Secured Party may take or fail to take in respect of
any Collateral.

          SECTION 7.02. Effect of Refinancing of Indebtedness under Revolving Facility
Documents.

     (a) If, substantially contemporaneously with the Senior Discharge Date, ACL Refinances
indebtedness outstanding (including in respect of committed amounts in respect of which no
indebtedness is outstanding) under the Revolving Facility Documents and ACL gives to the
Notes Collateral Agent and Security Trustee written notice (the “Refinancing Notice”)
electing to apply the provisions of this Section 7.02 to such Refinancing indebtedness,
then (i) the Senior Discharge Date shall automatically be deemed not to have occurred for
all purposes of this Intercreditor Agreement, (ii) such Refinancing indebtedness and all
other obligations under or in connection with the loan, security, guarantee and credit
documents evidencing such indebtedness, including, without limitation, any additional
indebtedness or commitment increases not in violation of Section 7.01(b) (the “Replacement
Revolving Credit Obligations”) shall automatically be treated as Revolving Credit
Obligations for all purposes of this Intercreditor Agreement, including for purposes of the
Lien priorities and rights in respect of Collateral set forth herein, the credit agreement
and other documents evidencing or relating to such Refinancing indebtedness (the
“Replacement Revolving Facility Documents”) shall automatically be treated as the Credit
Agreement and the Revolving Facility Documents and, in the case of Replacement Revolving
Facility Documents that are security documents pursuant to which any Grantor has
granted a Lien to secure any Replacement Revolving Credit Obligation, as the Revolving
Facility Security Documents for all purposes of this Intercreditor Agreement, (iv) the
collateral agent and security trustee under the Replacement Revolving Facility Documents
(the “Replacement Collateral Agent”) shall be deemed to be the Collateral Agent and
Security Trustee for all purposes of this Intercreditor Agreement, and (v) the lenders
under the Replacement Revolving Facility Documents shall be deemed to be the Revolving
Lenders for all purposes of this Intercreditor Agreement. For clarity, in the event of a
partial refinancing, the Replacement Revolving Credit Obligations and the portion of the
Revolving Credit Obligations that were not Refinanced shall both be entitled to the
benefits of this Agreement but shall be represented under this Agreement by a single
Collateral Agent. Upon receipt of a Refinancing

21

 

Notice, which notice shall include the identity of the Replacement Collateral Agent, the Notes
Collateral Agent and Security Trustee shall promptly enter into such documents and agreements
(including amendments or supplements to this Intercreditor Agreement) as such Replacement
Collateral Agent may reasonably request in order to provide to the Replacement Collateral Agent the
rights, remedies and powers and authorities contemplated hereby, in each case consistent in all
respects with the terms of this Intercreditor Agreement.

     (b) On or after the date hereof, and prior to the Senior Discharge Date, ACL will
be permitted to designate as a Revolving Facility Secured Party hereunder each
Person who is, or who becomes, the holder of Indebtedness incurred by ACL or any
Grantor that is permitted to constitute Revolving Credit Obligations hereunder and
is permitted under the terms of the Revolving Facility Documents to be equally and
ratably secured with the obligations in respect of such Revolving Credit
Obligations, it being understood and agreed that while any Revolving Credit
Obligations are outstanding (and prior to the Senior Discharge Date of such
Revolving Credit Obligations) the interests of such new Revolving Facility Secured
Parties shall be represented by the Collateral Agent and Security Trustee in
accordance with the terms hereof. ACL shall effect such designation by delivering
to each other party hereto (other than its affiliates) a notice; provided, however,
that the failure to so deliver a copy of such notice shall not affect the status of
such debt as Revolving Credit Obligations if the other requirements of this Section
are complied with. Notwithstanding the foregoing, nothing in this Section will be
construed to allow the ACL or any Grantor to incur additional Indebtedness unless
otherwise permitted by the terms of all Revolving Facility Documents and Noteholder
Documents in effect at the time of such incurrence.

     (c) If, at any time after the Senior Discharge Date has occurred, ACL thereafter
Refinances any Revolving Facility Documents, which Refinancing is permitted by the
Noteholder Documents, then such prior discharge of Revolving Credit Obligations
shall automatically be deemed not to have occurred for all purposes of this
Agreement (other than with respect to any actions taken as a result of the
occurrence of such Senior Discharge Date), and, from and after the date on which
the New Revolving Credit Obligations Notice (as defined below) is delivered to the
Notes Collateral Agent and Security Trustee in accordance with the next sentence,
the obligations under such Refinancing of the Revolving Facility Documents shall
automatically be treated as Revolving Credit Obligations for all purposes of this
Agreement, including for purposes of the Lien priorities and rights in respect of
Collateral set forth herein, and the first lien agent under such Revolving Facility
Documents shall be the Collateral Agent
and Security Trustee for all purposes of this Agreement. Upon receipt of a
notice (the “New Revolving Credit Obligations Notice”) stating that the
Company has entered into new Revolving Facility Documents (which notice shall
include the identity of the new first lien collateral agent, such agent, the
“New Collateral Agent” and shall contain a representation from an
authorized officer of Holdings that Holdings is permitted under the Indenture and
each Additional Pari Passu Agreement to enter into the new Revolving Facility
Documents and grant the Liens contemplated thereby), the Notes Collateral Agent and
Security Trustee shall promptly (i) enter into such documents and agreements
(including amendments or supplements to this Agreement) as ACL or such New
Collateral Agent shall reasonably request in order to provide to the New Collateral
Agent the rights contemplated hereby, in each case consistent in all material
respects with the terms of this Agreement and (ii) deliver to the New Collateral
Agent any Collateral of the type described in Section 5.01 hereof held by it
together with any necessary endorsements (or

22

 

otherwise allow the New Collateral Agent to obtain control of such Collateral). The New Collateral
Agent shall agree in a writing addressed to the Notes Collateral Agent and Security Trustee to be
bound by the terms of this Agreement. If the new Revolving Credit Obligations under the new
Revolving Facility Documents are secured by assets of the Grantors constituting Collateral that do
not also secure the Noteholder Obligations, then the Noteholder Obligations shall be secured at
such time by a second priority Lien on such assets to the same extent provided in the Noteholder
Documents and this Agreement.

          SECTION 7.03. No Waiver by Revolving Facility Secured Parties. Other
than the Permitted Specified Enforcement Actions, nothing contained herein shall
prohibit or in any way limit the Collateral Agent and Security Trustee or any other
Revolving Facility Secured Party from opposing, challenging or objecting to, in any
Insolvency Proceeding or otherwise, any action taken, or any claim made, by the
Notes Collateral Agent and Security Trustee or any other Noteholder Secured Party
with respect to any Collateral, including any request by the Notes Collateral Agent
and Security Trustee or any other Noteholder Secured Party for adequate protection
(other than any such request made pursuant to Section 6.01) or any exercise by the
Notes Collateral Agent and Security Trustee or any other Noteholder Secured Party
of any of its rights and remedies under the Noteholder Documents or otherwise.

          SECTION 7.04. Reinstatement. If, in any Insolvency Proceeding or
otherwise, all or part of any payment with respect to any Revolving Credit
Obligations previously made shall be rescinded for any reason whatsoever, then such
Revolving Credit Obligations shall be reinstated to the extent of the amount so
rescinded and, if theretofore terminated, this Intercreditor Agreement shall be
reinstated in full force and effect and such prior termination shall not diminish,
release, discharge, impair or otherwise affect the Lien priorities and the relative
rights and obligations of the Revolving Facility Secured Parties and the Noteholder
Secured Parties provided for herein.

ARTICLE VIII

REPRESENTATIVE MATTERS.

          SECTION 8.01. No Reliance; Information. Each Representative, for
itself and on behalf of its respective Secured Parties, acknowledges that (a) it
and/or such Secured Parties have,
independently and without reliance upon, in the case of the Revolving Facility
Secured Parties, any Noteholder Secured Party and, in the case of the Noteholder
Secured Parties, any Revolving Facility Secured Party, to the extent such
Representative shall have conducted a credit analysis, made their own credit
analysis and decision to enter into the Debt Documents to which they are party
based on such documents and information as they have deemed appropriate and (b) it
and/or such Secured Parties will, independently and without reliance upon, in the
case of the Revolving Facility Secured Parties, any Noteholder Secured Party and,
in the case of the Noteholder Secured Parties, any Revolving Facility Secured
Party, and based on such documents and information as they shall from time to time
deem appropriate, continue to make their own credit decision in taking or not
taking any action under this Intercreditor Agreement or any other Debt Document to
which they are party. The Revolving Facility Secured Parties and the Noteholder
Secured Parties shall have no duty to disclose to any Noteholder Secured Party or
to any Revolving Facility Secured Party, respectively, any information relating to
Holdings, ACL

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or any of their respective Subsidiaries (including any Grantor), or any other circumstance
bearing upon the risk of nonpayment of any of the Revolving Credit Obligations or the Noteholder
Obligations, as the case may be, that is known or becomes known to any of them or any of their
Affiliates. In the event any Revolving Facility Secured Party or any Noteholder Secured Party, in
its sole discretion, undertakes at any time or from time to time to provide any such information
to, respectively, any Noteholder Secured Party or any Revolving Facility Secured Party, it shall be
under no obligation (i) to make, and shall not make or be deemed to have made, any express or
implied representation or warranty, including with respect to the accuracy, completeness,
truthfulness or validity of the information so provided, (ii) to provide any additional information
or to provide any such information on any subsequent occasion or (iii) to undertake any
investigation.

          SECTION 8.02. Authorization of Representatives. By accepting the
benefits of this Intercreditor Agreement and the other Revolving Facility Security
Documents, each Revolving Facility Secured Party hereby authorizes the Collateral
Agent and Security Trustee to enter into this Intercreditor Agreement and to act on
its behalf as collateral agent hereunder and in connection herewith. By accepting
the benefits of this Intercreditor Agreement and the other Noteholder Security
Documents, each Noteholder Secured Party hereby authorizes the Notes Collateral
Agent and Security Trustee to enter into this Intercreditor Agreement and to act on
its behalf as collateral agent hereunder and in connection herewith.

          SECTION 8.03. Representations and Warranties of Each Representative.
Each Representative represents and warrants to the other parties hereto that it has
been authorized by the Secured Parties under and as defined in the Credit Agreement
or the Noteholder Security Agreement, as applicable, to enter into this
Intercreditor Agreement.

          SECTION 8.04. Further Assurances. Each of the Collateral Agent and
Security Trustee, for itself and on behalf of the other Revolving Facility Secured
Parties, and the Notes Collateral Agent and Security Trustee, for itself and on
behalf of the other Noteholder Secured Parties, agrees that it will execute, or
will cause to be executed, any and all further documents, agreements and
instruments, and take all such further actions, as may be required under any
applicable law, or which the Collateral Agent and Security Trustee or the Notes
Collateral Agent and Security Trustee may reasonably request, to effectuate the
terms of this Intercreditor Agreement, including the relative Lien priorities
provided for herein. Without limiting the foregoing, whenever a Representative
shall be required, in connection with the
exercise of its rights or the performance of its obligations hereunder, to
determine the existence or amount of any Revolving Credit Obligations (or the
existence of any commitment to extend credit that would constitute Revolving Credit
Obligations) or Noteholder Obligations, or the existence of any Lien securing any
such obligations, or the Collateral subject to any such Lien, it may request that
such information be furnished to it in writing by the other Representative and
shall be entitled to make such determination on the basis of the information so
furnished; provided, however, that if a Representative shall fail or refuse
reasonably promptly to provide the requested information, the requesting
Representative shall be entitled to make any such determination by such method as
it may, in the exercise of its reasonable discretion after consultation with ACL,
determine, including by reliance upon a certificate of ACL. Each Representative may
rely conclusively, and shall be fully protected in so relying, on any determination
made by it in accordance with the provisions of the preceding sentence (or as

24

 

otherwise directed by a court of competent jurisdiction) and shall have no liability to Holdings or
any of its subsidiaries, any Secured Party or any other Person as a result of such determination.

          SECTION 8.05. No Warranties or Liability.

     (a) The Collateral Agent and Security Trustee, for itself and on behalf of the
other Revolving Facility Secured Parties, acknowledges and agrees that, except for
the representations and warranties set forth in Section 8.03, neither the Notes
Collateral Agent and Security Trustee nor any other Noteholder Secured Party has
made any express or implied representation or warranty, including with respect to
the execution, validity, legality, completeness, collectibility or enforceability
of any of the Noteholder Documents, the ownership of any Collateral or the
perfection or priority of any Liens thereon. The Notes Collateral Agent and
Security Trustee, for itself and on behalf of the other Noteholder Secured Parties,
acknowledges and agrees that, except for the representations and warranties set
forth in Section 8.03, neither the Collateral Agent and Security Trustee nor any
other Revolving Facility Secured Party has made any express or implied
representation or warranty, including with respect to the execution, validity,
legality, completeness, collectibility or enforceability of any of the Revolving
Facility Documents, the ownership of any Collateral or the perfection or priority
of any Liens thereon.

     (b) Each Noteholder Secured Party acknowledges and agrees that neither the
Collateral Agent and Security Trustee nor any other Revolving Facility Secured
Party shall have any duties or other obligations to such Noteholder Secured Party
with respect to any Collateral, other than to transfer to the Notes Collateral
Agent and Security Trustee any proceeds of any such Collateral that constitutes
Collateral remaining in its possession following any Disposition of such Collateral
(in each case, unless the Junior Liens on all such Collateral are terminated and
released prior to or concurrently with such sale, transfer, disposition, payment or
satisfaction), the payment and satisfaction in full of the Revolving Credit
Obligations secured thereby and the termination of any commitment to extend credit
that would constitute Revolving Credit Obligations secured thereby, or, if the
Collateral Agent and Security Trustee shall be in possession of all or any part of
such Collateral after such payment and satisfaction in full and termination, such
Collateral or any part thereof remaining, in each case without representation or
warranty on the part of the Collateral Agent
and Security Trustee or any Revolving Facility Secured Party.

     (c) In furtherance of the foregoing, each Noteholder Secured Party acknowledges
and agrees that until the Revolving Credit Obligations shall have been paid and
satisfied in full and any commitment to extend credit that would constitute Senior
Secured Obligations shall have been terminated, the Collateral Agent and Security
Trustee shall be entitled, for the benefit of the holders of the Revolving Credit
Obligations, to sell, transfer or otherwise dispose of or deal with Collateral as
provided herein and in the Revolving Facility Security Documents without regard to
any Junior Lien or any rights to which the holders of the Noteholder Obligations
would otherwise be entitled as a result of such Junior Lien, other than any such
rights set forth herein. Without limiting the foregoing, each Noteholder Secured
Party agrees that neither the Collateral Agent and Security Trustee nor any other
Revolving Facility Secured Party shall have any duty or obligation first to marshal
or realize upon any type of Collateral, or to sell, dispose of or otherwise
liquidate all or any portion of such Collateral (or any other collateral securing
the Senior Secured Obligations), in any manner that would maximize the return to
the Noteholder

25

 

Secured Parties, notwithstanding that the order and timing of any such realization, sale,
disposition or liquidation may affect the amount of proceeds actually received by Noteholder
Secured Parties from such realization, sale, disposition or liquidation.

     (d) The Notes Collateral Agent and Security Trustee, for itself and on behalf of the
other Noteholder Secured Parties, agrees no Revolving Facility Secured Party shall have any
liability to the Notes Collateral Agent and Security Trustee or any other Noteholder
Secured Party, and hereby waives any claim against any Revolving Facility Secured Party,
arising out of any and all actions which the Collateral Agent and Security Trustee or any
other Revolving Facility Secured Party may take or permit or omit to take with respect to
(i) the Revolving Facility Documents (other than this Intercreditor Agreement), (ii) the
collection of the Revolving Credit Obligations, (iii) the maintenance of, the preservation
of, the foreclosure upon or the Disposition of any Collateral, (iv) any election by the
Collateral Agent and Security Trustee or any Revolving Facility Secured Parties, in any
proceeding instituted under the Bankruptcy Code, of the application of Section 1111(b) of
the Bankruptcy Code or (v) any borrowing of, or grant of a security interest or
administrative expense priority under Section 364 of the Bankruptcy Code to, Holdings or
any of its subsidiaries, as debtor-in-possession.

ARTICLE IX

MISCELLANEOUS.

          SECTION 9.01. Obligations Absolute. The Lien priorities provided for
herein and the respective rights, interests, agreements and obligations hereunder
of the Collateral Agent and Security Trustee and the other Revolving Facility
Secured Parties and the Notes Collateral Agent and Security Trustee and the other
Noteholder Secured Parties shall remain in full force and effect irrespective of:

     (a) any lack of validity or enforceability of any Debt Document;

     (b) any change in the time, place or manner of payment of, or in any other term of
(including, subject to the limitations set forth in Section 7.01(a), the
Refinancing of), all or any portion of the Revolving Credit Obligations, it being
specifically acknowledged that a portion of the Revolving Credit Obligations
consists or may consist of indebtedness that is revolving in nature, and the amount
thereof that may be outstanding at any time or from time to time may be increased
or reduced and subsequently reborrowed;

     (c) any change in the time, place or manner of payment of, or, subject to the
limitations set forth in Section 7.01(a), in any other term of, all or any portion
of the Revolving Credit Obligations;

     (d) any amendment, waiver or other modification, whether by course of conduct or
otherwise, of any Debt Document;

     (e) the securing of any Revolving Credit Obligations or Noteholder Obligations
with any additional collateral or Guarantees, or any exchange, release, voiding,
avoidance or non-perfection of any security interest in any Collateral or any other
collateral or any release of any Guarantee securing any Revolving Credit
Obligations or Noteholder Obligations;

26

 

     (f) any Insolvency Proceeding; or

     (g) any other circumstances that otherwise might constitute a defense available
to, or a discharge of, ACL or any other Grantor in respect of the Revolving Credit
Obligations, the Noteholder Obligations or this Intercreditor Agreement.

          SECTION 9.02. Notices. 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 fax, as follows:

     (a) if to the Collateral Agent and Security Trustee, to it at:

Bank of America, N.A.

135 South LaSalle, Suite 465

Chicago, Illinois 60603

Attention: Peter M. Walther

Telecopy No.: (312)904-7190;

     (b) if to the Notes Collateral Agent and Security Trustee or the Trustee, to it at:

The Bank of New York Mellon Trust Company, N.A.

2 North LaSalle Street, Suite 1020

Chicago, Illinois 60602

Attention: Corporate Trust Administration

Telecopy No.: (312) 827-8542;

     (c) if to Holdings, to it at:

Commercial Barge Line Company

1701 East Market Street

Jeffersonville, Indiana 47130

Attention: General Counsel 

Telecopy No.: 812 288-0294; and

     (d) if to any other Grantor, to it in care of Holdings as provided in clause (c) above.

     Any party hereto may change its address or fax number for notices and other
communications hereunder by notice to the other parties hereto (and for this purpose a
notice to ACL shall be deemed to be a notice to each Grantor). All notices and other
communications given to any party hereto in accordance with the provisions of this
Intercreditor Agreement shall be deemed to have been given on the date of receipt (if a
Business Day) and on the next Business Day (in all other cases) if delivered by hand or
overnight courier service or sent by fax or on the date five (5) Business Days after dispatch by certified or registered
mail if mailed, in each case delivered, sent or mailed (properly addressed) to such party
as provided in this Section 9.02 or in accordance with the latest unrevoked direction from
such party given in accordance with this Section 9.02. As agreed to among ACL, the Trustee,
the Notes Collateral Agent and Security Trustee and the Collateral Agent and Security
Trustee from time to time, notices and other

27

 

communications may also be delivered by e-mail to the e-mail address of a representative of
the applicable Person provided from time to time by such Person.

          SECTION 9.03. Conflicts. In the event of any conflict or inconsistency between
the provisions of this Intercreditor Agreement and the provisions of the other Debt
Documents, the provisions of this Intercreditor Agreement shall control; provided,
however, that if any of the provisions of the Noteholder Security Documents limits,
qualifies or conflicts with the duties imposed by the provisions of the TIA, the
TIA shall control.

          SECTION 9.04. Effectiveness; Survival. This Intercreditor Agreement shall
become effective when executed and delivered by the parties hereto. All covenants,
agreements, representations and warranties made by any party in this Intercreditor
Agreement shall be considered to have been relied upon by the other parties hereto
and shall survive the execution and delivery of this Intercreditor Agreement. The
terms of this Intercreditor Agreement shall survive, and shall continue in full
force and effect, in any Insolvency Proceeding. Each Representative, for itself and
on behalf of the other respective Secured Parties, hereby waives any and all rights
such Representative may now or hereafter have under applicable law to revoke this
Intercreditor Agreement or any of the provisions of this Intercreditor Agreement.

          SECTION 9.05. Severability. Any provision of this Intercreditor Agreement held
to be invalid, illegal or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such invalidity, illegality or
unenforceability without affecting the validity, legality and enforceability of the
remaining provisions hereof; and the invalidity of a particular provision in a
particular jurisdiction shall not invalidate such provision in any other
jurisdiction. The parties shall endeavor in good-faith negotiations to replace the
invalid, illegal or unenforceable provisions with valid provisions the economic
effect of which comes as close as possible to that of the invalid, illegal or
unenforceable provisions.

          SECTION 9.06. Amendments; Waivers.

     (a) No failure or delay on the part of any party hereto in exercising any power or
right hereunder shall operate as a waiver thereof, nor shall any single or partial
exercise of any such right or power, or any abandonment or discontinuance of steps
to enforce such a right or power, preclude any other or further exercise thereof or
the exercise of any other right or power. The rights and remedies of the parties
hereto are cumulative and are not exclusive of any rights or remedies that they
would otherwise have. No waiver of any provision of this Intercreditor Agreement or
consent to any departure by any party therefrom shall in any event be effective
unless the same shall be permitted by clause (b) of this Section 9.06, and then
such waiver or consent shall be effective only in the specific instance and for the
purpose for which given. No notice or demand on any party hereto in any case shall
entitle such party to any other further notice or demand in similar or other
circumstances.

     (b) Subject to clause (c) below, neither this Intercreditor Agreement nor any
provision hereof may be waived, amended or modified except pursuant to an agreement
or agreements in writing entered into by the Grantors, the Collateral Agent and
Security Trustee and the Notes Collateral Agent and Security Trustee; provided,
that (i) this Intercreditor Agreement may be amended from time to time as provided
in Section 7.01 and (ii) the Collateral

28

 

Agent and Security Trustee may, without the written consent of any other party hereto, modify this
Intercreditor Agreement for the purpose of securing additional extension of credit (including
pursuant to the Credit Agreement or any Refinancing or extension thereof) and adding new creditors
as “Revolving Facility
Secured Parties” hereunder, so long as such extension of credit (and resulting additions) do not
otherwise give rise to a violation of the express terms of the Indenture or this Intercreditor
Agreement.

     (c) Notwithstanding the foregoing or anything else in this Intercreditor Agreement to
the contrary, no Grantor shall have any right to consent to or approve any amendment,
modification or waiver of any provision of this Intercreditor Agreement except to the
extent its rights, interests, liabilities, obligations or privileges are directly affected.

          SECTION 9.07. Consent of Grantors. Each Grantor hereby consents to the
provisions of this Intercreditor Agreement and the intercreditor arrangements
provided for herein and agrees that the obligations of the Grantors under the
Security Documents will in no way be diminished or otherwise affected by such
provisions or arrangements (except as expressly provided herein).

          SECTION 9.08. Applicable Law; Jurisdiction; Consent to Service of Process.

     (a) THIS INTERCREDITOR AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND
GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAW
PRINCIPLES THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.

     (b) Each party hereto hereby irrevocably and unconditionally submits, for itself
and its property, to the non-exclusive jurisdiction of any the Supreme Court of the
State of New York sitting in New York County and of the United States District
Court of the Southern District of New York, and any appellate court from any
thereof, in any action or proceeding arising out of or relating to this
Intercreditor Agreement, or for recognition or enforcement of any judgment, and
each of the parties hereto hereby 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 extent permitted by law, in such federal
court. Each party 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.

     (c) Each party hereto hereby irrevocably and unconditionally waives, to the
fullest extent it may legally and effectively do so, any objection which it may now
or hereafter have to the laying of venue of any suit, action or proceeding arising
out of or relating to this Intercreditor Agreement in any court referred to in
clause (b) of this Section. Each party hereto hereby irrevocably waives, to the
fullest extent permitted by law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such court.

     (d) Each party to this Intercreditor Agreement irrevocably consents to service of
process in the manner provided for notices in Section 9.02. Nothing in this
Intercreditor Agreement will affect the right of any party to this Intercreditor
Agreement to serve process in any other manner permitted by law.

29

 

          SECTION 9.09. Waiver of Jury Trial. EACH PARTY HERETO HEREBY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY
JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR
IN CONNECTION WITH THIS INTERCREDITOR AGREEMENT. EACH PARTY HERETO (A) CERTIFIES
THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY 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
INTERCREDITOR AGREEMENT, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
CERTIFICATIONS IN THIS SECTION 9.09.

          SECTION 9.10. Parties in Interest. This Intercreditor Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns, as well as the other Revolving Facility Secured Parties and
Noteholder Secured Parties, all of whom are intended to be bound by, and to be
third party beneficiaries of, this Intercreditor Agreement. No other Person shall
have or be entitled to assert rights or benefits hereunder.

          SECTION 9.11. Specific Performance. Each Representative may demand specific
performance of this Intercreditor Agreement and, on behalf of itself and the
respective other Secured Parties, hereby irrevocably waives any defense based on
the adequacy of a remedy at law and any other defense that might be asserted to bar
the remedy of specific performance in any action which may be brought by the
respective Secured Parties.

          SECTION 9.12. Headings. Article, Section and Annex headings used herein and
the Table of Contents hereto are for convenience of reference only, are not part of
this Intercreditor Agreement and are not to affect the construction of, or to be
taken into consideration in interpreting, this Intercreditor Agreement.

          SECTION 9.13. Counterparts. This Intercreditor Agreement may be executed in
counterparts (and by different parties hereto on different counterparts), each of
which shall constitute an original but all of which when taken together shall
constitute a single contract, and shall become effective as provided in Section
9.04. Delivery of an executed signature page to this Intercreditor Agreement by
facsimile transmission or other electronic means shall be as effective as delivery
of a manually signed counterpart of this Intercreditor Agreement.

          SECTION 9.14. Provisions Solely to Define Relative Rights. The provisions of
this Intercreditor Agreement are and are intended solely for the purpose of
defining the relative rights of the Revolving Facility Secured Parties, on the one
hand, and the Noteholder Secured Parties, on the other hand. None of ACL, any other
Grantor or any other creditor thereof shall have any rights or obligations, except
as expressly provided in this Intercreditor Agreement, and no such other creditor
thereof may rely on the terms hereof; provided, however, that ACL and the other
Grantors shall in any event be entitled to the benefits of Sections 3.04, 3.05,
3.06, 5.01, 5.02 and 7.02. Nothing in this Intercreditor Agreement is intended to or shall
impair the obligations of ACL or any other Grantor, which are absolute and unconditional, to pay the

30

 

Revolving Credit Obligations and the Noteholder Obligations as and when the same shall become due
and payable in accordance with their terms.

          SECTION 9.15. Joinder Requirements. The Notes Collateral Agent and
Security Trustee and each Additional Pari Passu Agent, without the consent of any
other Revolving Facility Secured Party or Noteholder Secured Party, may designate
additional obligations as Permitted Additional Pari Passu Obligations if the
incurrence of such obligations is permitted under each of the Revolving Facility
Documents, the Noteholder Security Documents and this Agreement. If so permitted,
as a condition precedent to the effectiveness of such designation, the
administrative agent or trustee and collateral agent for such Permitted Additional
Pari Passu Obligations shall execute and deliver to the Collateral Agent and
Security Trustee, the Notes Collateral Agent and Security Trustee and each
Additional Pari Passu Agent a joinder agreement to this Agreement in form and
substance reasonably satisfactory to the Collateral Agent and Security Trustee.
Notwithstanding anything to the contrary set forth in this Section 9.15 or in
Section 9.06 hereof, the Collateral Agent and Security Trustee, the Notes
Collateral Agent and Security Trustee and each Additional Pari Passu Agent,
without the consent of any other Revolving Facility Secured Party or Noteholder
Secured Party, may in their discretion enter into a supplemental agreement (which
make take the form of an amendment and restatement of this Agreement) to
facilitate the designation of such additional obligations as Permitted Additional
Pari Passu Obligations.

          SECTION 9.16. Incorporation by Reference. In connection with its execution
and performance hereunder, the Trustee and Notes Collateral Agent and Security
Trustee shall be entitled to the rights, privileges, protections, immunities,
benefits and indemnities provided to it by the Borrowers, as applicable, under the
Indenture and Noteholder Security Agreement respectively. In connection with its
execution and performance hereunder, the Collateral Agent and Security Trustee
shall be entitled to the rights, privileges, protections, immunities, benefits and
indemnities provided to it by the Borrowers it under the Credit Agreement and
Revolving Facility Security Agreement respectively.

[Remainder of this page intentionally left blank]

31

 

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

	 	 	 	 	 
	 	BANK OF AMERICA, N.A., as Collateral Agent and

Security Trustee

 	 
	 	By:  	/s/ Steven Blumberg
 	 
	 	 	Name:  	Steven Blumberg 	 
	 	 	Title Vice President 	 
	 

	 	 	 	 	 	 	 
	STATE Of NEW YORK

	) 	 	 	 	 	 
	 

	) 	SS:
	 	 
	COUNTY NEW YORK

	) 	 	  	 	 	 

     The foregoing Intercreditor Agreement was acknowledged before me this 3rd
day of July, 2009, by Steven Blumberg, as VP of BANK OF AMERICA, N.A., a national banking
association, as Collateral Agent, described in and which executed the foregoing instrument;
that he/she signed his/her name thereto pursuant to authority granted to her/him by the
Board of Directors of said national banking association.

	 	 	 	 	 
	 	 	 
	 	/s/ Harris J. Diamond
 	 
	 	NOTARY PUBLIC 	 	 
	 	Printed Name:

	 
	 	My Commission Expires:	 	 
	 

HARRIS J. DIAMOND

NOTARY PUBLIC — STATE OF NEW YORK

NO. 02DI6071473

QUALIFIED IN NEW YORK COUNTY

MY COMMISSION EXPIRES MARCH 18, 2010

[Signature Page to Intercreditor Agreement

(Bank of America, N.A.)]

 

 

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

	 	 	 	 	 
	 	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as
Notes Collateral Agent and Security Trustee

 	 
	 	By:  	                                      /s/ D. G. Donovan
 	 
	 	 	Name:  	D. G. Donovan 	 
	 	 	Title:  	Vice President 	 
	 

	 	 	 	 	 
	STATE OF ILLNOIS

	  ) 	 
	 	 
	 	  ) 	SS: 	 	 
	COUNTY OF COOK

	  ) 	 	 	 

     The foregoing Intercreditor Agreement was acknowledged before me this 7th day of July,
2009, by D.G. Donovan , as Vice President of THE BANK OF NEW YORK MELLON TRUST COMPANY,
N.A., a national banking association, as Notes Collateral Agent and Security Trustee,
described in and which executed the foregoing instrument; that he/she signed his/her name
thereto pursuant to authority granted to her/him by the Board of Directors of said national
banking association..

	 	 	 	 	 
	 	 	 
	 	/s/ Robert Cafarelli
 	 
	 	NOTARY PUBLIC  	 
	 	Printed Name: Robert Cafarelli

My Commission Expires: 11/15/11 	 
	 

[Signatures continued on next page]

[Signature Page to Intercreditor Agreement

(The Bank of New York Mellon Trust Company, N.A.)]

 

 

     Each of the undersigned acknowledges the terms of and consents to the foregoing
Intercreditor Agreement:

	 	 	 	 	 
	COMMERCIAL BARGE LINE COMPANY

 	 	 
	By:  	/s/ Dawn R. Landry
 	 	 
	 	Name:  	Dawn R. Landry 	 	 
	 	Title:  	Vice President and Secretary 	 	 
	 
	AMERICAN COMMERCIAL LINES LLC

 	 	 
	By:  	/s/ Dawn R. Landry
 	 	 
	 	Name:  	Dawn R. Landry 	 	 
	 	Title:  	Vice President and Secretary 	 	 
	 
	ACL TRANSPORTATION SERVICES LLC

 	 	 
	By:  	/s/ Dawn R. Landry
 	 	 
	 	Name:  	Dawn R. Landry  	 	 
	 	Title:  	Vice President and Secretary 	 	 
	 
	JEFFBOAT LLC

 	 	 
	By:  	/s/ Dawn R. Landry
 	 	 
	 	Name:  	Dawn R. Landry 	 	 
	 	Title:  	Vice President and Secretary 	 	 
	 

[Signatures continued on next page]

 

 

	 	 	 	 	 
	AMERICAN COMMERCIAL LINES INC.

 	 	 
	By:  	/s/ Dawn R. Landry
 	 	 
	 	Name:  	Dawn R. Landry 	 	 
	 	Title:  	Senior Vice President, General Counsel
and Corporate Secretary 	 	 
	 

MASTER ACKNOWLEDGMENT

	 	 	 	 	 	 	 
	STATE OF INDIANA

	) 	 	 	 	 	 
	 

	) 	SS:
	 	 
	COUNTY OF CLARK
	) 	 	 	 	 	 

     The foregoing instrument was acknowledged before me this 7th day of
July, 2009, by Dawn R. Landry, as Vice President and Secretary of (i) COMMERCIAL BARGE LINE
COMPANY, a Delaware corporation, (ii) AMERICAN COMMERCIAL LINES LLC, a Delaware limited liability
company, (iii) ACL TRANSPORTATION SERVICES LLC, a Delaware limited liability company and (iv)
JEFFBOAT LLC, a Delaware limited liability company, and as Senior Vice President, General Counsel
and Corporate Secretary of AMERICAN COMMERCIAL LINES INC., a Delaware corporation, on behalf of
each of the foregoing parties.

	 	 	 	 	 
	 	 	 
	 	/s/ Gaye Decker 	 
	 	NOTARY PUBLIC 	 	 
	 	Printed Name: Gaye Decker
	 
	 	My Commission Expires:  	Jan 17, 2016	 
	 

 

 

SCHEDULE I

AMERICAN COMMERCIAL LINES LLC

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Vessel
Name	 	Official No.	 	Terminal No.
	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	1	 	 	RICHARD A BAKER
	 	 	580067	 	 	 	0067	 
	 	2	 	 	WALLY ROLLER
	 	 	560135	 	 	 	0135	 
	 	3	 	 	J. W. HERSHEY
	 	 	500160	 	 	 	0160	 
	 	4	 	 	JEFFBOAT
	 	 	640345	 	 	 	0345	 
	 	5	 	 	VECTURIAN
	 	 	680357	 	 	 	0357	 
	 	6	 	 	ANITA DOMINO
	 	 	540391	 	 	 	0391	 
	 	7	 	 	AARON
CHARLES MCKINNEY
	 	 	650496	 	 	 	0496	 
	 	8	 	 	R H ONEILL
	 	 	570554	 	 	 	0554	 
	 	9	 	 	ELIZABETH DEWEY
	 	 	980668	 	 	 	0668	 
	 	10	 	 	TROJAN WARRIOR
	 	 	570738	 	 	 	0738	 
	 	11	 	 	CAPT. DONALD CREPPEL
	 	 	630902	 	 	 	0902	 
	 	12	 	 	SLIDELL
	 	 	500965	 	 	 	0965	 
	 	13	 	 	BILL CARNEAL
	 	 	610971	 	 	 	0971	 
	 	14	 	 	DONALD E. CLARK
	 	 	621035	 	 	 	1035	 
	 	15	 	 	MIKE CHARLEVILLE
	 	 	631078	 	 	 	1078	 
	 	16	 	 	WARREN W. HINES
	 	 	651210	 	 	 	1210	 
	 	17	 	 	MISS KAE-D
	 	 	581300	 	 	 	1300	 
	 	18	 	 	JAMES ERMER
	 	 	641398	 	 	 	1398	 
	 	19	 	 	AL WEAVER
	 	 	551557	 	 	 	1557	 
	 	20	 	 	SUNFLOWER
	 	 	551589	 	 	 	1589	 
	 	21	 	 	JAMES G. HINES
	 	 	561613	 	 	 	1613	 
	 	22	 	 	JOSEPH M. HAMILTON
	 	 	571622	 	 	 	1622	 
	 	23	 	 	DERRELLL MCKINNEY
	 	 	641632	 	 	 	1632	 
	 	24	 	 	JUDI
	 	 	641764	 	 	 	1764	 
	 	25	 	 	FRANK HAENDIGES
	 	 	551830	 	 	 	1830	 
	 	26	 	 	LEWIS A. ENLOW
	 	 	561873	 	 	 	1873	 
	 	27	 	 	RON SHANKIN
	 	 	562078	 	 	 	2078	 
	 	28	 	 	DELMAR JAEGER
	 	 	582087	 	 	 	2087	 
	 	29	 	 	LOYD MURPHY
	 	 	552330	 	 	 	2330	 
	 	30	 	 	MARVIN E. NORMAN
	 	 	612604	 	 	 	2604	 
	 	31	 	 	BOB STITH
	 	 	642652	 	 	 	2652	 
	 	32	 	 	PAM D
	 	 	512698	 	 	 	2698	 
	 	33	 	 	A.A. MCKINNEY
	 	 	292775	 	 	 	2775	 
	 	34	 	 	M/V JAMES W BUKY
	 	 	582892	 	 	 	2892	 
	 	35	 	 	WENDY L
	 	 	652922	 	 	 	2922	 
	 	36	 	 	LAURA MCKINNEY
	 	 	582933	 	 	 	2933	 
	 	37	 	 	SONNY IVEY
	 	 	572994	 	 	 	2994	 
	 	38	 	 	FLOYD H. BLASKE
	 	 	503329	 	 	 	3329	 
	 	39	 	 	LARRY Y. STRAIN
	 	 	623460	 	 	 	3460	 
	 	40	 	 	DENNIS HENDRIX
	 	 	583466	 	 	 	3466	 
	 	41	 	 	MISS BOBBIE FUGIT
	 	 	553499	 	 	 	3499	 
	 	42	 	 	BILL ELMER
	 	 	533705	 	 	 	3705	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 

					
	 	 	 	 	 
	ACL Self-Propelled Vessels
	 	Page 1 of 3
	 	 

 

 

SCHEDULE I

AMERICAN COMMERCIAL LINES LLC

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Vessel
Name	 	Official No.	 	Terminal No.
	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	43	 	 	REGINA ANN
	 	 	623859	 	 	 	3859	 
	 	44	 	 	DELL BUTCHER
	 	 	503877	 	 	 	3877	 
	 	45	 	 	JAMES E. NIVIN
	 	 	564006	 	 	 	4006	 
	 	46	 	 	TOM BEHRINGER
	 	 	584006	 	 	 	4006	 
	 	47	 	 	ROBERT SHELTON
	 	 	644041	 	 	 	4041	 
	 	48	 	 	EVAN WHARTON
	 	 	554249	 	 	 	4249	 
	 	49	 	 	SHANNON HOLSTON
	 	 	554289	 	 	 	4289	 
	 	50	 	 	JANE G. HUFFMAN
	 	 	564321	 	 	 	4321	 
	 	51	 	 	NORTH SHORE
	 	 	614387	 	 	 	4387	 
	 	52	 	 	DEL WILKINS
	 	 	624582	 	 	 	4582	 
	 	53	 	 	W. J. BARTA
	 	 	554601	 	 	 	4601	 
	 	54	 	 	NORB WHITLOCK
	 	 	554602	 	 	 	4602	 
	 	55	 	 	DE LA SALLE
	 	 	614608	 	 	 	4608	 
	 	56	 	 	THRUSTON B. MORTON
	 	 	594624	 	 	 	4624	 
	 	57	 	 	TATER BUG
	 	 	544649	 	 	 	4649	 
	 	58	 	 	ED
	 	 	634667	 	 	 	4667	 
	 	59	 	 	JACK D. WOFFORD
	 	 	504813	 	 	 	4813	 
	 	60	 	 	WILLIAM L. KLUNK
	 	 	504892	 	 	 	4892	 
	 	61	 	 	NORMANIA
	 	 	545007	 	 	 	5007	 
	 	62	 	 	HARRY M. MACK
	 	 	565154	 	 	 	5154	 
	 	63	 	 	SUE ELLEN
	 	 	615166	 	 	 	5166	 
	 	64	 	 	WILLIAM J. WEBER
	 	 	575251	 	 	 	5251	 
	 	65	 	 	ORLEANIAN
	 	 	535492	 	 	 	5492	 
	 	66	 	 	TENNESSEE MERCHANT
	 	 	685581	 	 	 	5581	 
	 	67	 	 	CHARLES M
	 	 	625777	 	 	 	5777	 
	 	68	 	 	FRANK RADER
	 	 	535940	 	 	 	5940	 
	 	69	 	 	CHERYL DOBARD
	 	 	555976	 	 	 	5976	 
	 	70	 	 	GENE HERDE
	 	 	576108	 	 	 	6108	 
	 	71	 	 	TANYA MCKINNEY
	 	 	626240	 	 	 	6240	 
	 	72	 	 	HUGH C. BLASKE
	 	 	296245	 	 	 	6245	 
	 	73	 	 	BUTCH BARRAS
	 	 	646544	 	 	 	6544	 
	 	74	 	 	KEVIN FLOWERS
	 	 	546614	 	 	 	6614	 
	 	75	 	 	RUSTY BARRILLEAUX
	 	 	566622	 	 	 	6622	 
	 	76	 	 	WASHINGTON
	 	 	516632	 	 	 	6632	 
	 	77	 	 	TOM FRAZIER
	 	 	606669	 	 	 	6669	 
	 	78	 	 	DON FILE
	 	 	556838	 	 	 	6838	 
	 	79	 	 	WAYNE P. LAGRANGE
	 	 	626849	 	 	 	6849	 
	 	80	 	 	MARK G. ARON
	 	 	646853	 	 	 	6853	 
	 	81	 	 	SHEILA JOHNSON
	 	 	566984	 	 	 	6984	 
	 	82	 	 	W. T. TOUTANT
	 	 	637070	 	 	 	7070	 
	 	83	 	 	SANDRA NODURFT
	 	 	287108	 	 	 	7108	 
	 	84	 	 	WILBUR MILLS
	 	 	537294	 	 	 	7294	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 

					
	 	 	 	 	 
	ACL Self-Propelled Vessels
	 	Page 2 of 3
	 	 

 

 

SCHEDULE I

AMERICAN COMMERCIAL LINES LLC

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	85	 	 	TED W. EWING
	 	 	637374	 	 	 	7374	 
	 	86	 	 	LENWARD STEPHENS
	 	 	577475	 	 	 	7475	 
	 	87	 	 	ROBERT A. KNOKE
	 	 	567698	 	 	 	7698	 
	 	88	 	 	AL PANNIER
	 	 	277814	 	 	 	7814	 
	 	89	 	 	CAROL P
	 	 	978046	 	 	 	8046	 
	 	90	 	 	J. RUSSELL FLOWERS
	 	 	568139	 	 	 	8139	 
	 	91	 	 	BOB KOCH
	 	 	598151	 	 	 	8151	 
	 	92	 	 	LEXINGTON
	 	 	508204	 	 	 	8204	 
	 	93	 	 	BATON ROUGE
	 	 	578268	 	 	 	8268	 
	 	94	 	 	CLYDE BUTCHER
	 	 	298357	 	 	 	8357	 
	 	95	 	 	R. W. NAYE
	 	 	518412	 	 	 	8412	 
	 	96	 	 	JOE BOBZIEN
	 	 	588466	 	 	 	8466	 
	 	97	 	 	JAMES E. PHILPOTT
	 	 	568630	 	 	 	8630	 
	 	98	 	 	CHARLES E PETERS
	 	 	528740	 	 	 	8740	 
	 	99	 	 	L. J. SULLIVAN
	 	 	578740	 	 	 	8740	 
	 	100	 	 	NAN
	 	 	628776	 	 	 	8776	 
	 	101	 	 	SARAH ELIZABETH
	 	 	518938	 	 	 	8938	 
	 	102	 	 	CINDY CELESTE
	 	 	979002	 	 	 	9002	 
	 	103	 	 	WARREN MCKINNEY
	 	 	629017	 	 	 	9017	 
	 	104	 	 	CHARLES F. DETMAR JR.
	 	 	539034	 	 	 	9034	 
	 	105	 	 	W. A. KERNAN
	 	 	559099	 	 	 	9099	 
	 	106	 	 	LADY GRACE II
	 	 	529112	 	 	 	9112	 
	 	107	 	 	SUE HOLSTON
	 	 	569175	 	 	 	9175	 
	 	108	 	 	ANDREW CANNAVA
	 	 	579562	 	 	 	9562	 
	 	109	 	 	WILLIAM C. NORMAN
	 	 	649605	 	 	 	9605	 
	 	110	 	 	CHRISTIAN BRINKOP
	 	 	659639	 	 	 	9639	 
	 	111	 	 	EDDIE TOUCHETTE
	 	 	549972	 	 	 	9972	 
	 	112	 	 	CARL CANNON
	 	 	619976	 	 	 	9976	 
	 	113	 	 	ROBERT GREENE
	 	 	619977	 	 	 	9977	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 

					
	 	 	 	 	 
	ACL Self-Propelled Vessels
	 	Page 3 of 3
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	1	 	 	CHEM 254
	 	 	1070021	 	 	 	0021	 
	 	2	 	 	CHEM 255
	 	 	1070022	 	 	 	0022	 
	 	3	 	 	CHEM 256
	 	 	1070023	 	 	 	0023	 
	 	4	 	 	TA 2001
	 	 	630049	 	 	 	0049	 
	 	5	 	 	HINES 434
	 	 	630051	 	 	 	0051	 
	 	6	 	 	CHEM 92
	 	 	520084	 	 	 	0084	 
	 	7	 	 	CHEM 93
	 	 	520085	 	 	 	0085	 
	 	8	 	 	CHEM 3702
	 	 	1200107	 	 	 	107	 
	 	9	 	 	CHEM 297
	 	 	1200112	 	 	 	112	 
	 	10	 	 	CHEM 298
	 	 	1200120	 	 	 	120	 
	 	11	 	 	CHEM 299
	 	 	1200121	 	 	 	121	 
	 	12	 	 	CHEM 801
	 	 	1200125	 	 	 	125	 
	 	13	 	 	CHEM 702
	 	 	1200127	 	 	 	127	 
	 	14	 	 	CHEM 704
	 	 	1200128	 	 	 	128	 
	 	15	 	 	ACBL 3135
	 	 	630130	 	 	 	0130	 
	 	16	 	 	CHEM 705
	 	 	1200130	 	 	 	130	 
	 	17	 	 	ACBL 3136
	 	 	630131	 	 	 	0131	 
	 	18	 	 	CHEM 703
	 	 	1200131	 	 	 	131	 
	 	19	 	 	ACBL 3137
	 	 	630132	 	 	 	0132	 
	 	20	 	 	CHEM 701
	 	 	1200132	 	 	 	132	 
	 	21	 	 	ACBL 3138
	 	 	630133	 	 	 	0133	 
	 	22	 	 	ACBL 3139
	 	 	630134	 	 	 	0134	 
	 	23	 	 	ACBL 3140
	 	 	630135	 	 	 	0135	 
	 	24	 	 	CHEM 800
	 	 	1200135	 	 	 	135	 
	 	25	 	 	ACBL 3141
	 	 	630136	 	 	 	0136	 
	 	26	 	 	ACBL 3142
	 	 	630137	 	 	 	0137	 
	 	27	 	 	ACBL 3143
	 	 	630138	 	 	 	0138	 
	 	28	 	 	ACBL 3144
	 	 	630139	 	 	 	0139	 
	 	29	 	 	TTBL 4032
	 	 	630143	 	 	 	0143	 
	 	30	 	 	TTBL 4034
	 	 	630145	 	 	 	0145	 
	 	31	 	 	TTBL 4035
	 	 	630146	 	 	 	0146	 
	 	32	 	 	TTBL 4037
	 	 	630148	 	 	 	0148	 
	 	33	 	 	TTBL 4039
	 	 	630150	 	 	 	0150	 
	 	34	 	 	TTBL 4044
	 	 	630155	 	 	 	0155	 
	 	35	 	 	CHEM 95
	 	 	520159	 	 	 	0159	 
	 	36	 	 	SCNO 7703B
	 	 	580206	 	 	 	0206	 
	 	37	 	 	SCNO 7710B
	 	 	580213	 	 	 	0213	 
	 	38	 	 	SCNO 7716B
	 	 	580219	 	 	 	0219	 
	 	39	 	 	SCNO 7718B
	 	 	580221	 	 	 	0221	 
	 	40	 	 	SCN0 7719B
	 	 	580222	 	 	 	0222	 
	 	41	 	 	CHEM 276
	 	 	1170224	 	 	 	224	 
	 	42	 	 	CHEM 277
	 	 	1170225	 	 	 	0225	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 1 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	43	 	 	CHEM 96
	 	 	520228	 	 	 	0228	 
	 	44	 	 	CHEM 97
	 	 	520229	 	 	 	0229	 
	 	45	 	 	CHEM 250
	 	 	1020251	 	 	 	0251	 
	 	46	 	 	CHEM 251
	 	 	1020252	 	 	 	0252	 
	 	47	 	 	CHEM 252
	 	 	1020253	 	 	 	0253	 
	 	48	 	 	N.M.S. NO. 1481
	 	 	600253	 	 	 	0253	 
	 	49	 	 	CHEM 253
	 	 	1020254	 	 	 	0254	 
	 	50	 	 	ACBL 2078
	 	 	640255	 	 	 	0255	 
	 	51	 	 	N.M.S. NO. 1483
	 	 	600255	 	 	 	0255	 
	 	52	 	 	ACBL 2079
	 	 	640256	 	 	 	0256	 
	 	53	 	 	N.M.S. NO. 1510
	 	 	600256	 	 	 	0256	 
	 	54	 	 	ACBL 2080
	 	 	640257	 	 	 	0257	 
	 	55	 	 	N.M.S. NO. 1511
	 	 	600257	 	 	 	0257	 
	 	56	 	 	ACBL 2084
	 	 	640261	 	 	 	0261	 
	 	57	 	 	ACBL 2086
	 	 	640263	 	 	 	0263	 
	 	58	 	 	ACBL 2089
	 	 	640266	 	 	 	0266	 
	 	59	 	 	ACBL 2091
	 	 	640268	 	 	 	0268	 
	 	60	 	 	ACBL 2093
	 	 	640270	 	 	 	0270	 
	 	61	 	 	ACBL 2098
	 	 	640275	 	 	 	0275	 
	 	62	 	 	ACBL 2099
	 	 	640276	 	 	 	0276	 
	 	63	 	 	ACBL 2100
	 	 	640277	 	 	 	0277	 
	 	64	 	 	M/G-T 1
	 	 	1030279	 	 	 	0279	 
	 	65	 	 	M/G-T 2
	 	 	1030280	 	 	 	0280	 
	 	66	 	 	M/G-T 3
	 	 	1030281	 	 	 	0281	 
	 	67	 	 	M/G-T 4
	 	 	1030282	 	 	 	0282	 
	 	68	 	 	M/G-T 5
	 	 	1030283	 	 	 	0283	 
	 	69	 	 	M/G-T 6
	 	 	1030284	 	 	 	0284	 
	 	70	 	 	M/G-T 7
	 	 	1030285	 	 	 	0285	 
	 	71	 	 	M/G-T 8
	 	 	1030286	 	 	 	0286	 
	 	72	 	 	M/G-T 9
	 	 	1030287	 	 	 	0287	 
	 	73	 	 	M/G-T 10
	 	 	1030288	 	 	 	0288	 
	 	74	 	 	CHEM 200
	 	 	500309	 	 	 	0309	 
	 	75	 	 	CHEM 201
	 	 	500310	 	 	 	0310	 
	 	76	 	 	CHEM 202
	 	 	500311	 	 	 	0311	 
	 	77	 	 	CHEM 203
	 	 	500312	 	 	 	0312	 
	 	78	 	 	CHEM 204
	 	 	500313	 	 	 	0313	 
	 	79	 	 	CHEM 205
	 	 	500314	 	 	 	0314	 
	 	80	 	 	ACBL 4339
	 	 	620315	 	 	 	0315	 
	 	81	 	 	CHEM 206
	 	 	500315	 	 	 	0315	 
	 	82	 	 	CHEM 208
	 	 	500317	 	 	 	0317	 
	 	83	 	 	603
	 	 	920332	 	 	 	0332	 
	 	84	 	 	965
	 	 	920348	 	 	 	0348	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 2 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	85	 	 	966
	 	 	920349	 	 	 	0349	 
	 	86	 	 	CHEM 1105
	 	 	920350	 	 	 	0350	 
	 	87	 	 	CHEM 1101
	 	 	920351	 	 	 	0351	 
	 	88	 	 	969
	 	 	920352	 	 	 	0352	 
	 	89	 	 	ACBL 427
	 	 	640352	 	 	 	0352	 
	 	90	 	 	970
	 	 	920353	 	 	 	0353	 
	 	91	 	 	ACBL 424
	 	 	640353	 	 	 	0353	 
	 	92	 	 	CHEM 1107
	 	 	920354	 	 	 	0354	 
	 	93	 	 	972
	 	 	920355	 	 	 	0355	 
	 	94	 	 	CHEM 151
	 	 	960355	 	 	 	0355	 
	 	95	 	 	CHEM 152
	 	 	960356	 	 	 	0356	 
	 	96	 	 	NM 979
	 	 	920356	 	 	 	0356	 
	 	97	 	 	CHEM 153
	 	 	960357	 	 	 	0357	 
	 	98	 	 	1307
	 	 	920359	 	 	 	0359	 
	 	99	 	 	CHEM 154
	 	 	960360	 	 	 	0360	 
	 	100	 	 	1315
	 	 	920367	 	 	 	0367	 
	 	101	 	 	627
	 	 	920380	 	 	 	0380	 
	 	102	 	 	629
	 	 	920382	 	 	 	0382	 
	 	103	 	 	632
	 	 	920385	 	 	 	0385	 
	 	104	 	 	633
	 	 	920386	 	 	 	0386	 
	 	105	 	 	WTT 1008
	 	 	630386	 	 	 	0386	 
	 	106	 	 	634
	 	 	920387	 	 	 	0387	 
	 	107	 	 	ACL 9700B
	 	 	1050421	 	 	 	0421	 
	 	108	 	 	ACL 9701B
	 	 	1050422	 	 	 	0422	 
	 	109	 	 	ACL 9702B
	 	 	1050423	 	 	 	0423	 
	 	110	 	 	ACL 9703B
	 	 	1050424	 	 	 	0424	 
	 	111	 	 	CHEM 145
	 	 	630424	 	 	 	0424	 
	 	112	 	 	ACL 9704B
	 	 	1050425	 	 	 	0425	 
	 	113	 	 	ACL 9705B
	 	 	1050426	 	 	 	0426	 
	 	114	 	 	ACL 9706B
	 	 	1050427	 	 	 	0427	 
	 	115	 	 	ACBL 1831
	 	 	580431	 	 	 	0431	 
	 	116	 	 	ACBL 1833
	 	 	580433	 	 	 	0433	 
	 	117	 	 	ACBL 1836
	 	 	580436	 	 	 	0436	 
	 	118	 	 	ACBL 3000
	 	 	580437	 	 	 	0437	 
	 	119	 	 	ACBL 3004
	 	 	580441	 	 	 	0441	 
	 	120	 	 	ACBL 3007
	 	 	580444	 	 	 	0444	 
	 	121	 	 	NM 978
	 	 	590445	 	 	 	0445	 
	 	122	 	 	ACBL 4152
	 	 	630471	 	 	 	0471	 
	 	123	 	 	ACL 9500B
	 	 	1030477	 	 	 	0477	 
	 	124	 	 	ACL 9501B
	 	 	1030478	 	 	 	0478	 
	 	125	 	 	ACL 9502B
	 	 	1030479	 	 	 	0479	 
	 	126	 	 	ACL 9503B
	 	 	1030480	 	 	 	0480	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 3 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	127	 	 	ACL 9504B
	 	 	1030481	 	 	 	0481	 
	 	128	 	 	ACL 9505B
	 	 	1030482	 	 	 	0482	 
	 	129	 	 	ACL 9506B
	 	 	1030483	 	 	 	0483	 
	 	130	 	 	ACL 9507B
	 	 	1030484	 	 	 	0484	 
	 	131	 	 	ACL 9508B
	 	 	1030485	 	 	 	0485	 
	 	132	 	 	ACL 9509B
	 	 	1030486	 	 	 	0486	 
	 	133	 	 	VL 7701
	 	 	580501	 	 	 	0501	 
	 	134	 	 	VL 7702
	 	 	580502	 	 	 	0502	 
	 	135	 	 	ACBL 4214
	 	 	600507	 	 	 	0507	 
	 	136	 	 	ACBL 4219
	 	 	600512	 	 	 	0512	 
	 	137	 	 	ACBL 4222
	 	 	600515	 	 	 	0515	 
	 	138	 	 	NL 264
	 	 	550526	 	 	 	0526	 
	 	139	 	 	ACBL 4325
	 	 	630542	 	 	 	0542	 
	 	140	 	 	ACL 01167
	 	 	1120550	 	 	 	0550	 
	 	141	 	 	ACL 01168
	 	 	1120551	 	 	 	0551	 
	 	142	 	 	ACL 01169
	 	 	1120552	 	 	 	0552	 
	 	143	 	 	CHEM 179
	 	 	1050557	 	 	 	0557	 
	 	144	 	 	RF 811
	 	 	580599	 	 	 	0599	 
	 	145	 	 	ACL 9971B
	 	 	1090631	 	 	 	0631	 
	 	146	 	 	ACL 9972B
	 	 	1090632	 	 	 	0632	 
	 	147	 	 	ACL 9973B
	 	 	1090633	 	 	 	0633	 
	 	148	 	 	ACL 9974B
	 	 	1090634	 	 	 	0634	 
	 	149	 	 	ACL 9975B
	 	 	1090635	 	 	 	0635	 
	 	150	 	 	ACBL 3145
	 	 	630711	 	 	 	0711	 
	 	151	 	 	ACBL 3146
	 	 	630712	 	 	 	0712	 
	 	152	 	 	ACBL 3148
	 	 	630714	 	 	 	0714	 
	 	153	 	 	ACBL 3149
	 	 	630715	 	 	 	0715	 
	 	154	 	 	VL 7801
	 	 	600715	 	 	 	0715	 
	 	155	 	 	ACBL 3150
	 	 	630716	 	 	 	0716	 
	 	156	 	 	ACBL 3151
	 	 	630717	 	 	 	0717	 
	 	157	 	 	ACBL 3152
	 	 	630718	 	 	 	0718	 
	 	158	 	 	ACBL 3153
	 	 	630719	 	 	 	0719	 
	 	159	 	 	ACBL 3154
	 	 	630720	 	 	 	0720	 
	 	160	 	 	ACBL 1384
	 	 	580731	 	 	 	0731	 
	 	161	 	 	ACBL 1385
	 	 	580732	 	 	 	0732	 
	 	162	 	 	ACBL 1386
	 	 	580733	 	 	 	0733	 
	 	163	 	 	CHEM 1700
	 	 	550733	 	 	 	0733	 
	 	164	 	 	4630
	 	 	550734	 	 	 	0734	 
	 	165	 	 	ACBL 1388
	 	 	580735	 	 	 	0735	 
	 	166	 	 	CHEM 1601
	 	 	550735	 	 	 	0735	 
	 	167	 	 	ACBL 1389
	 	 	580736	 	 	 	0736	 
	 	168	 	 	LCD 4931
	 	 	550736	 	 	 	0736	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 4 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	169	 	 	942
	 	 	550738	 	 	 	0738	 
	 	170	 	 	ACBL 1391
	 	 	580738	 	 	 	0738	 
	 	171	 	 	943
	 	 	550739	 	 	 	0739	 
	 	172	 	 	ACBL 1392
	 	 	580739	 	 	 	0739	 
	 	173	 	 	ACBL 1393
	 	 	580740	 	 	 	0740	 
	 	174	 	 	ACBL 1394
	 	 	580741	 	 	 	0741	 
	 	175	 	 	ACBL 1395
	 	 	580742	 	 	 	0742	 
	 	176	 	 	DM 2573
	 	 	550742	 	 	 	0742	 
	 	177	 	 	ACBL 1396
	 	 	580743	 	 	 	0743	 
	 	178	 	 	ACBL 1397
	 	 	580744	 	 	 	0744	 
	 	179	 	 	DM 2577
	 	 	550744	 	 	 	0744	 
	 	180	 	 	ACBL 3010
	 	 	580745	 	 	 	0745	 
	 	181	 	 	NL 134
	 	 	600745	 	 	 	0745	 
	 	182	 	 	ACBL 3012
	 	 	580747	 	 	 	0747	 
	 	183	 	 	ACBL 3013
	 	 	580748	 	 	 	0748	 
	 	184	 	 	ACBL 3015
	 	 	580750	 	 	 	0750	 
	 	185	 	 	ACBL 3016
	 	 	580751	 	 	 	0751	 
	 	186	 	 	ACBL 3019
	 	 	580754	 	 	 	0754	 
	 	187	 	 	ACBL 3020
	 	 	580755	 	 	 	0755	 
	 	188	 	 	1848
	 	 	550758	 	 	 	0758	 
	 	189	 	 	ACBL 3024
	 	 	580759	 	 	 	0759	 
	 	190	 	 	ACL 9510B
	 	 	1030794	 	 	 	0794	 
	 	191	 	 	ACL 9511B
	 	 	1030795	 	 	 	0795	 
	 	192	 	 	ACL 9512B
	 	 	1030796	 	 	 	0796	 
	 	193	 	 	ACL 9513B
	 	 	1030810	 	 	 	0810	 
	 	194	 	 	ACL 9514B
	 	 	1030811	 	 	 	0811	 
	 	195	 	 	ACL 9515B
	 	 	1030812	 	 	 	0812	 
	 	196	 	 	ACL 9516B
	 	 	1030813	 	 	 	0813	 
	 	197	 	 	SE 1
	 	 	1030815	 	 	 	0815	 
	 	198	 	 	ED 1
	 	 	1030817	 	 	 	0817	 
	 	199	 	 	CHEM 176
	 	 	1040819	 	 	 	0819	 
	 	200	 	 	ACBL 4329
	 	 	640823	 	 	 	0823	 
	 	201	 	 	ACBL 4330
	 	 	640824	 	 	 	0824	 
	 	202	 	 	ACBL 4340
	 	 	640825	 	 	 	0825	 
	 	203	 	 	ACBL 4341
	 	 	640826	 	 	 	0826	 
	 	204	 	 	TTBL 4006
	 	 	600834	 	 	 	0834	 
	 	205	 	 	V 014 B
	 	 	510852	 	 	 	0852	 
	 	206	 	 	V 017 B
	 	 	510855	 	 	 	0855	 
	 	207	 	 	ACBL 3265
	 	 	970864	 	 	 	0864	 
	 	208	 	 	ACBL 3266
	 	 	970865	 	 	 	0865	 
	 	209	 	 	ACBL 3267
	 	 	970866	 	 	 	0866	 
	 	210	 	 	ACBL 3268
	 	 	970867	 	 	 	0867	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 5 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	211	 	 	ACBL 3269
	 	 	970868	 	 	 	0868	 
	 	212	 	 	ACL 07115
	 	 	1200896	 	 	 	896	 
	 	213	 	 	ACL 07116
	 	 	1200897	 	 	 	897	 
	 	214	 	 	ACL 07117
	 	 	1200898	 	 	 	898	 
	 	215	 	 	ACL 07118
	 	 	1200899	 	 	 	899	 
	 	216	 	 	ACL 07119
	 	 	1200900	 	 	 	900	 
	 	217	 	 	ACL 07200
	 	 	1200901	 	 	 	901	 
	 	218	 	 	ACL 07201
	 	 	1200902	 	 	 	902	 
	 	219	 	 	ACL 07202
	 	 	1200903	 	 	 	903	 
	 	220	 	 	ACL 07203
	 	 	1200904	 	 	 	904	 
	 	221	 	 	ACL 07204
	 	 	1200905	 	 	 	905	 
	 	222	 	 	ACL 07205
	 	 	1200906	 	 	 	906	 
	 	223	 	 	ACL 07206
	 	 	1200907	 	 	 	907	 
	 	224	 	 	ACL 07207
	 	 	1200908	 	 	 	908	 
	 	225	 	 	ACL 07208
	 	 	1200909	 	 	 	909	 
	 	226	 	 	ACL 07209
	 	 	1200910	 	 	 	910	 
	 	227	 	 	ACL 07600
	 	 	1200911	 	 	 	911	 
	 	228	 	 	ACL 07601
	 	 	1200912	 	 	 	912	 
	 	229	 	 	ACL 07602
	 	 	1200913	 	 	 	913	 
	 	230	 	 	ACL 07603
	 	 	1200914	 	 	 	914	 
	 	231	 	 	ACL 07604
	 	 	1200915	 	 	 	915	 
	 	232	 	 	ACL 07605
	 	 	1200916	 	 	 	916	 
	 	233	 	 	ACL 07606
	 	 	1200917	 	 	 	917	 
	 	234	 	 	ACL 07607
	 	 	1200918	 	 	 	918	 
	 	235	 	 	ACL 07608
	 	 	1200919	 	 	 	919	 
	 	236	 	 	ACL 07609
	 	 	1200920	 	 	 	920	 
	 	237	 	 	ACL 07610
	 	 	1200921	 	 	 	921	 
	 	238	 	 	ACL 07611
	 	 	1200922	 	 	 	922	 
	 	239	 	 	ACL 07612
	 	 	1200923	 	 	 	923	 
	 	240	 	 	ACL 07613
	 	 	1200924	 	 	 	924	 
	 	241	 	 	ACL 07614
	 	 	1200925	 	 	 	925	 
	 	242	 	 	ACL 07615
	 	 	1200926	 	 	 	926	 
	 	243	 	 	ACL 07616
	 	 	1200927	 	 	 	927	 
	 	244	 	 	ACL 07617
	 	 	1200928	 	 	 	928	 
	 	245	 	 	ACL 07618
	 	 	1200929	 	 	 	929	 
	 	246	 	 	ACL 07619
	 	 	1200930	 	 	 	930	 
	 	247	 	 	ACBL 300
	 	 	641005	 	 	 	1005	 
	 	248	 	 	ACBL 307
	 	 	641006	 	 	 	1006	 
	 	249	 	 	ACBL 305
	 	 	641008	 	 	 	1008	 
	 	250	 	 	ATC 906
	 	 	631017	 	 	 	1017	 
	 	251	 	 	ATC 908
	 	 	631019	 	 	 	1019	 
	 	252	 	 	ATC 909
	 	 	631020	 	 	 	1020	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 6 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	253	 	 	ATC 910
	 	 	631021	 	 	 	1021	 
	 	254	 	 	ACBL 4326
	 	 	631041	 	 	 	1041	 
	 	255	 	 	VLX 7734
	 	 	581055	 	 	 	1055	 
	 	256	 	 	SCC 800
	 	 	951057	 	 	 	1057	 
	 	257	 	 	VLX 7736
	 	 	581057	 	 	 	1057	 
	 	258	 	 	SCC 801
	 	 	951058	 	 	 	1058	 
	 	259	 	 	VLX 7740
	 	 	581061	 	 	 	1061	 
	 	260	 	 	VLX 7744
	 	 	581065	 	 	 	1065	 
	 	261	 	 	VLX 7745
	 	 	581066	 	 	 	1066	 
	 	262	 	 	VLX 7749
	 	 	581070	 	 	 	1070	 
	 	263	 	 	ACBL 5010
	 	 	621119	 	 	 	1119	 
	 	264	 	 	ACBL 5011
	 	 	621120	 	 	 	1120	 
	 	265	 	 	ACBL 5012
	 	 	621121	 	 	 	1121	 
	 	266	 	 	ACBL 5013
	 	 	621122	 	 	 	1122	 
	 	267	 	 	ACBL 5014
	 	 	621123	 	 	 	1123	 
	 	268	 	 	ACBL 5015
	 	 	621124	 	 	 	1124	 
	 	269	 	 	ACBL 5016
	 	 	621125	 	 	 	1125	 
	 	270	 	 	ACBL 5017
	 	 	621126	 	 	 	1126	 
	 	271	 	 	ACBL 5018
	 	 	621127	 	 	 	1127	 
	 	272	 	 	ACBL 5019
	 	 	621128	 	 	 	1128	 
	 	273	 	 	ACBL 5020
	 	 	621129	 	 	 	1129	 
	 	274	 	 	ACBL 5021
	 	 	621130	 	 	 	1130	 
	 	275	 	 	ACBL 5023
	 	 	621132	 	 	 	1132	 
	 	276	 	 	ACBL 5024
	 	 	621133	 	 	 	1133	 
	 	277	 	 	ACBL 6018
	 	 	621134	 	 	 	1134	 
	 	278	 	 	ACBL 6019
	 	 	621135	 	 	 	1135	 
	 	279	 	 	ACL 97004
	 	 	1051135	 	 	 	1135	 
	 	280	 	 	ACL 97005
	 	 	1051136	 	 	 	1136	 
	 	281	 	 	ACBL 6021
	 	 	621137	 	 	 	1137	 
	 	282	 	 	ACL 97006
	 	 	1051137	 	 	 	1137	 
	 	283	 	 	ACBL 6022
	 	 	621138	 	 	 	1138	 
	 	284	 	 	ACL 97007
	 	 	1051138	 	 	 	1138	 
	 	285	 	 	ACBL 6023
	 	 	621139	 	 	 	1139	 
	 	286	 	 	ACL 97008
	 	 	1051139	 	 	 	1139	 
	 	287	 	 	ACBL 6024
	 	 	621140	 	 	 	1140	 
	 	288	 	 	ACL 97009
	 	 	1051140	 	 	 	1140	 
	 	289	 	 	ACL 9707B
	 	 	1051141	 	 	 	1141	 
	 	290	 	 	ACBL 6026
	 	 	621142	 	 	 	1142	 
	 	291	 	 	ACL 9708B
	 	 	1051142	 	 	 	1142	 
	 	292	 	 	ACBL 6027
	 	 	621143	 	 	 	1143	 
	 	293	 	 	ACL 9709B
	 	 	1051143	 	 	 	1143	 
	 	294	 	 	ACBL 6028
	 	 	621144	 	 	 	1144	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 7 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	295	 	 	ACL 9710B
	 	 	1051144	 	 	 	1144	 
	 	296	 	 	ACBL 6029
	 	 	621145	 	 	 	1145	 
	 	297	 	 	ACL 9711B
	 	 	1051145	 	 	 	1145	 
	 	298	 	 	ACBL 6030
	 	 	621146	 	 	 	1146	 
	 	299	 	 	ACL 9712B
	 	 	1051146	 	 	 	1146	 
	 	300	 	 	ACBL 6031
	 	 	621147	 	 	 	1147	 
	 	301	 	 	ACL 9713B
	 	 	1051147	 	 	 	1147	 
	 	302	 	 	ACBL 6032
	 	 	621148	 	 	 	1148	 
	 	303	 	 	ACL 9714B
	 	 	1051148	 	 	 	1148	 
	 	304	 	 	ACBL 6033
	 	 	621149	 	 	 	1149	 
	 	305	 	 	ACL 9715B
	 	 	1051149	 	 	 	1149	 
	 	306	 	 	ACBL 6034
	 	 	621150	 	 	 	1150	 
	 	307	 	 	ACL 9716B
	 	 	1051150	 	 	 	1150	 
	 	308	 	 	ACBL 6035
	 	 	621151	 	 	 	1151	 
	 	309	 	 	ACBL 6036
	 	 	621152	 	 	 	1152	 
	 	310	 	 	HINES 403 B
	 	 	631152	 	 	 	1152	 
	 	311	 	 	ACBL 6037
	 	 	621153	 	 	 	1153	 
	 	312	 	 	ACBL 6038
	 	 	621154	 	 	 	1154	 
	 	313	 	 	ACBL 6039
	 	 	621155	 	 	 	1155	 
	 	314	 	 	ACBL 6040
	 	 	621156	 	 	 	1156	 
	 	315	 	 	ACBL 6042
	 	 	621158	 	 	 	1158	 
	 	316	 	 	ACBL 6043
	 	 	621159	 	 	 	1159	 
	 	317	 	 	ACBL 6044
	 	 	621160	 	 	 	1160	 
	 	318	 	 	ACBL 6045
	 	 	621161	 	 	 	1161	 
	 	319	 	 	ACBL 6046
	 	 	621162	 	 	 	1162	 
	 	320	 	 	ACBL 6047
	 	 	621163	 	 	 	1163	 
	 	321	 	 	ACBL 6048
	 	 	621164	 	 	 	1164	 
	 	322	 	 	ACBL 6049
	 	 	621165	 	 	 	1165	 
	 	323	 	 	VL 7751
	 	 	581201	 	 	 	1201	 
	 	324	 	 	VL 7755
	 	 	581205	 	 	 	1205	 
	 	325	 	 	CHEM 257
	 	 	1071207	 	 	 	1207	 
	 	326	 	 	VL 7757
	 	 	581207	 	 	 	1207	 
	 	327	 	 	CHEM 258
	 	 	1071208	 	 	 	1208	 
	 	328	 	 	VL 7758
	 	 	581208	 	 	 	1208	 
	 	329	 	 	CHEM 259
	 	 	1071209	 	 	 	1209	 
	 	330	 	 	VL 7759
	 	 	581209	 	 	 	1209	 
	 	331	 	 	VL 7766
	 	 	581216	 	 	 	1216	 
	 	332	 	 	VL 7767
	 	 	581217	 	 	 	1217	 
	 	333	 	 	VL 7774
	 	 	581224	 	 	 	1224	 
	 	334	 	 	VL 7775
	 	 	581225	 	 	 	1225	 
	 	335	 	 	VL 7787
	 	 	581237	 	 	 	1237	 
	 	336	 	 	ACBL 2711
	 	 	521239	 	 	 	1239	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 8 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	337	 	 	ACBL 325X
	 	 	601300	 	 	 	1300	 
	 	338	 	 	ACBL 326X
	 	 	601301	 	 	 	1301	 
	 	339	 	 	ACBL 327X
	 	 	601302	 	 	 	1302	 
	 	340	 	 	ACBL 328X
	 	 	601303	 	 	 	1303	 
	 	341	 	 	ACBL 329X
	 	 	601304	 	 	 	1304	 
	 	342	 	 	ACBL 330X
	 	 	601305	 	 	 	1305	 
	 	343	 	 	N.M.S. NO. 1408
	 	 	591305	 	 	 	1305	 
	 	344	 	 	ACBL 331X
	 	 	601306	 	 	 	1306	 
	 	345	 	 	N.M.S. NO. 1409
	 	 	591306	 	 	 	1306	 
	 	346	 	 	ACBL 333X
	 	 	601308	 	 	 	1308	 
	 	347	 	 	ACBL 334X
	 	 	601309	 	 	 	1309	 
	 	348	 	 	HINES 425B
	 	 	961310	 	 	 	1310	 
	 	349	 	 	ACBL 1840
	 	 	601380	 	 	 	1380	 
	 	350	 	 	ACBL 1841
	 	 	601381	 	 	 	1381	 
	 	351	 	 	ACBL 1842
	 	 	601382	 	 	 	1382	 
	 	352	 	 	ACBL 1843
	 	 	601383	 	 	 	1383	 
	 	353	 	 	ACBL 1844
	 	 	601384	 	 	 	1384	 
	 	354	 	 	ACBL 1845
	 	 	601385	 	 	 	1385	 
	 	355	 	 	ACBL 1846
	 	 	601386	 	 	 	1386	 
	 	356	 	 	ACBL 1847
	 	 	601387	 	 	 	1387	 
	 	357	 	 	ACBL 1848
	 	 	601388	 	 	 	1388	 
	 	358	 	 	ACL 9993B
	 	 	1091403	 	 	 	1403	 
	 	359	 	 	ACL 9994B
	 	 	1091404	 	 	 	1404	 
	 	360	 	 	ACL 9995B
	 	 	1091405	 	 	 	1405	 
	 	361	 	 	TPC 346
	 	 	601441	 	 	 	1441	 
	 	362	 	 	SCNO 7903
	 	 	601463	 	 	 	1463	 
	 	363	 	 	SCNO 7906
	 	 	601466	 	 	 	1466	 
	 	364	 	 	SCNO 7914
	 	 	601474	 	 	 	1474	 
	 	365	 	 	SCNO 7922B
	 	 	601482	 	 	 	1482	 
	 	366	 	 	SCNO 7923B
	 	 	601483	 	 	 	1483	 
	 	367	 	 	SCNO 7924B
	 	 	601484	 	 	 	1484	 
	 	368	 	 	SCNO 7925B
	 	 	601485	 	 	 	1485	 
	 	369	 	 	SCNO 7926B
	 	 	601486	 	 	 	1486	 
	 	370	 	 	SCNO 7927B
	 	 	601487	 	 	 	1487	 
	 	371	 	 	SCNO 7929B
	 	 	601489	 	 	 	1489	 
	 	372	 	 	SCNO 7930B
	 	 	601490	 	 	 	1490	 
	 	373	 	 	SCNO 7932B
	 	 	601492	 	 	 	1492	 
	 	374	 	 	SCNO 7933B
	 	 	601493	 	 	 	1493	 
	 	375	 	 	SCNO 7934B
	 	 	601494	 	 	 	1494	 
	 	376	 	 	SCNO 7935B
	 	 	601495	 	 	 	1495	 
	 	377	 	 	DM 3001
	 	 	641538	 	 	 	1538	 
	 	378	 	 	DM 3003
	 	 	641540	 	 	 	1540	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 9 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	379	 	 	DM 3006
	 	 	641543	 	 	 	1543	 
	 	380	 	 	DM 3007
	 	 	641544	 	 	 	1544	 
	 	381	 	 	DM 3008
	 	 	641545	 	 	 	1545	 
	 	382	 	 	DM 3009
	 	 	641546	 	 	 	1546	 
	 	383	 	 	DM 3010
	 	 	641547	 	 	 	1547	 
	 	384	 	 	DM 3011
	 	 	641548	 	 	 	1548	 
	 	385	 	 	DM 3012
	 	 	641549	 	 	 	1549	 
	 	386	 	 	DM 3013
	 	 	641550	 	 	 	1550	 
	 	387	 	 	DM 3014
	 	 	641551	 	 	 	1551	 
	 	388	 	 	DM 3015
	 	 	641552	 	 	 	1552	 
	 	389	 	 	DM 3016
	 	 	641553	 	 	 	1553	 
	 	390	 	 	DM 3017
	 	 	641554	 	 	 	1554	 
	 	391	 	 	DM 3018
	 	 	641555	 	 	 	1555	 
	 	392	 	 	DM 3019
	 	 	641556	 	 	 	1556	 
	 	393	 	 	DM 3020
	 	 	641557	 	 	 	1557	 
	 	394	 	 	DM 3021
	 	 	641558	 	 	 	1558	 
	 	395	 	 	DM 3022
	 	 	641559	 	 	 	1559	 
	 	396	 	 	DM 3023
	 	 	641560	 	 	 	1560	 
	 	397	 	 	DM 3024
	 	 	641561	 	 	 	1561	 
	 	398	 	 	DM 3025
	 	 	641562	 	 	 	1562	 
	 	399	 	 	DM 3027
	 	 	641564	 	 	 	1564	 
	 	400	 	 	ACBL 402
	 	 	631566	 	 	 	1566	 
	 	401	 	 	DM 3029
	 	 	641566	 	 	 	1566	 
	 	402	 	 	ACBL 403
	 	 	631567	 	 	 	1567	 
	 	403	 	 	DM 3030
	 	 	641567	 	 	 	1567	 
	 	404	 	 	DM 3031
	 	 	641568	 	 	 	1568	 
	 	405	 	 	DM 3032
	 	 	641569	 	 	 	1569	 
	 	406	 	 	DM 3033
	 	 	641570	 	 	 	1570	 
	 	407	 	 	DM 3034
	 	 	641571	 	 	 	1571	 
	 	408	 	 	ACBL 408
	 	 	631572	 	 	 	1572	 
	 	409	 	 	DM 3035
	 	 	641572	 	 	 	1572	 
	 	410	 	 	DM 3037
	 	 	641574	 	 	 	1574	 
	 	411	 	 	DM 3038
	 	 	641575	 	 	 	1575	 
	 	412	 	 	DM 3039
	 	 	641576	 	 	 	1576	 
	 	413	 	 	DM 3040
	 	 	641577	 	 	 	1577	 
	 	414	 	 	ACBL 4132
	 	 	631581	 	 	 	1581	 
	 	415	 	 	ACBL 4133
	 	 	631582	 	 	 	1582	 
	 	416	 	 	ACBL 4346
	 	 	631586	 	 	 	1586	 
	 	417	 	 	ACBL 4147
	 	 	631587	 	 	 	1587	 
	 	418	 	 	ACBL 4148
	 	 	631588	 	 	 	1588	 
	 	419	 	 	ACBL 4347
	 	 	631589	 	 	 	1589	 
	 	420	 	 	ACBL 4149
	 	 	631590	 	 	 	1590	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 10 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	421	 	 	CCT 007
	 	 	571597	 	 	 	1597	 
	 	422	 	 	CCT 13
	 	 	571603	 	 	 	1603	 
	 	423	 	 	WTT 801
	 	 	631618	 	 	 	1618	 
	 	424	 	 	WTT 802
	 	 	631619	 	 	 	1619	 
	 	425	 	 	WTT 803
	 	 	631620	 	 	 	1620	 
	 	426	 	 	WTT 805
	 	 	631622	 	 	 	1622	 
	 	427	 	 	WTT 807
	 	 	631624	 	 	 	1624	 
	 	428	 	 	WTT 808
	 	 	631625	 	 	 	1625	 
	 	429	 	 	WTT 809
	 	 	631626	 	 	 	1626	 
	 	430	 	 	WTT 810
	 	 	631627	 	 	 	1627	 
	 	431	 	 	WTT 811
	 	 	631628	 	 	 	1628	 
	 	432	 	 	WTT 812
	 	 	631629	 	 	 	1629	 
	 	433	 	 	WTT 813
	 	 	631630	 	 	 	1630	 
	 	434	 	 	WTT 814
	 	 	631631	 	 	 	1631	 
	 	435	 	 	WTT 815
	 	 	631632	 	 	 	1632	 
	 	436	 	 	WTT 816
	 	 	631633	 	 	 	1633	 
	 	437	 	 	WTT 817
	 	 	631634	 	 	 	1634	 
	 	438	 	 	WTT 818
	 	 	631635	 	 	 	1635	 
	 	439	 	 	WTT 820
	 	 	631637	 	 	 	1637	 
	 	440	 	 	WTT 821
	 	 	631638	 	 	 	1638	 
	 	441	 	 	WTT 823
	 	 	631640	 	 	 	1640	 
	 	442	 	 	WTT 824
	 	 	631641	 	 	 	1641	 
	 	443	 	 	WTT 825
	 	 	631642	 	 	 	1642	 
	 	444	 	 	WTT 826
	 	 	631643	 	 	 	1643	 
	 	445	 	 	WTT 827
	 	 	631644	 	 	 	1644	 
	 	446	 	 	WTT 829
	 	 	631646	 	 	 	1646	 
	 	447	 	 	WTT 833
	 	 	631650	 	 	 	1650	 
	 	448	 	 	WTT 834
	 	 	631651	 	 	 	1651	 
	 	449	 	 	WTT 835
	 	 	631652	 	 	 	1652	 
	 	450	 	 	WTT 836
	 	 	631653	 	 	 	1653	 
	 	451	 	 	WTT 837
	 	 	631654	 	 	 	1654	 
	 	452	 	 	WTT 838
	 	 	631655	 	 	 	1655	 
	 	453	 	 	WTT 839
	 	 	631656	 	 	 	1656	 
	 	454	 	 	WTT 841
	 	 	631658	 	 	 	1658	 
	 	455	 	 	WTT 842
	 	 	631659	 	 	 	1659	 
	 	456	 	 	WTT 843
	 	 	631660	 	 	 	1660	 
	 	457	 	 	WTT 844
	 	 	631661	 	 	 	1661	 
	 	458	 	 	WTT 845
	 	 	631662	 	 	 	1662	 
	 	459	 	 	WTT 846
	 	 	631663	 	 	 	1663	 
	 	460	 	 	WTT 847
	 	 	631664	 	 	 	1664	 
	 	461	 	 	WTT 848
	 	 	631665	 	 	 	1665	 
	 	462	 	 	CHEM 155
	 	 	981666	 	 	 	1666	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 11 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	463	 	 	WTT 849
	 	 	631666	 	 	 	1666	 
	 	464	 	 	WTT 850
	 	 	631667	 	 	 	1667	 
	 	465	 	 	ACBL 4300
	 	 	631669	 	 	 	1669	 
	 	466	 	 	ACBL 4301
	 	 	631670	 	 	 	1670	 
	 	467	 	 	TA 2004B
	 	 	631673	 	 	 	1673	 
	 	468	 	 	TA 2008B
	 	 	631677	 	 	 	1677	 
	 	469	 	 	CCT 189
	 	 	621684	 	 	 	1684	 
	 	470	 	 	CCT 190
	 	 	621685	 	 	 	1685	 
	 	471	 	 	CCT 193
	 	 	621688	 	 	 	1688	 
	 	472	 	 	CCT 282
	 	 	641692	 	 	 	1692	 
	 	473	 	 	CCT 283
	 	 	641693	 	 	 	1693	 
	 	474	 	 	CCT 284
	 	 	641694	 	 	 	1694	 
	 	475	 	 	ACL 01163
	 	 	1121695	 	 	 	1695	 
	 	476	 	 	CCT 285
	 	 	641695	 	 	 	1695	 
	 	477	 	 	ACL 01164
	 	 	1121696	 	 	 	1696	 
	 	478	 	 	CCT 286
	 	 	641696	 	 	 	1696	 
	 	479	 	 	ACL 01165
	 	 	1121697	 	 	 	1697	 
	 	480	 	 	ACL 01166
	 	 	1121698	 	 	 	1698	 
	 	481	 	 	ACL 01170
	 	 	1121699	 	 	 	1699	 
	 	482	 	 	ACL 01171
	 	 	1121700	 	 	 	1700	 
	 	483	 	 	ACL 01172
	 	 	1121701	 	 	 	1701	 
	 	484	 	 	ACL 01173
	 	 	1121702	 	 	 	1702	 
	 	485	 	 	ACL 01174
	 	 	1121703	 	 	 	1703	 
	 	486	 	 	ACL 01175
	 	 	1121704	 	 	 	1704	 
	 	487	 	 	ACL 01176
	 	 	1121705	 	 	 	1705	 
	 	488	 	 	ACL 01177
	 	 	1121706	 	 	 	1706	 
	 	489	 	 	ACL 01178
	 	 	1121707	 	 	 	1707	 
	 	490	 	 	ACL 01179
	 	 	1121708	 	 	 	1708	 
	 	491	 	 	ACL 01180
	 	 	1121709	 	 	 	1709	 
	 	492	 	 	ACL 01181
	 	 	1121710	 	 	 	1710	 
	 	493	 	 	ACL 01182
	 	 	1121711	 	 	 	1711	 
	 	494	 	 	ACL 01183
	 	 	1121712	 	 	 	1712	 
	 	495	 	 	ACL 01184
	 	 	1121713	 	 	 	1713	 
	 	496	 	 	ACL 01185
	 	 	1121714	 	 	 	1714	 
	 	497	 	 	HINES 436
	 	 	661714	 	 	 	1714	 
	 	498	 	 	ACL 01186
	 	 	1121715	 	 	 	1715	 
	 	499	 	 	ACL 01187
	 	 	1121716	 	 	 	1716	 
	 	500	 	 	ACL 01188
	 	 	1121717	 	 	 	1717	 
	 	501	 	 	ACL 01189
	 	 	1121718	 	 	 	1718	 
	 	502	 	 	ACL 01190
	 	 	1121719	 	 	 	1719	 
	 	503	 	 	ACL 01191
	 	 	1121720	 	 	 	1720	 
	 	504	 	 	ACL 01192
	 	 	1121721	 	 	 	1721	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 12 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	505	 	 	ACL 01193
	 	 	1121722	 	 	 	1722	 
	 	506	 	 	ACL 01194
	 	 	1121723	 	 	 	1723	 
	 	507	 	 	ACL 01195
	 	 	1121724	 	 	 	1724	 
	 	508	 	 	ACL 01196
	 	 	1121725	 	 	 	1725	 
	 	509	 	 	ACL 01197
	 	 	1121726	 	 	 	1726	 
	 	510	 	 	ACL 01198
	 	 	1121727	 	 	 	1727	 
	 	511	 	 	ACL 01199
	 	 	1121728	 	 	 	1728	 
	 	512	 	 	ACL 01700
	 	 	1121729	 	 	 	1729	 
	 	513	 	 	ACL 01701
	 	 	1121730	 	 	 	1730	 
	 	514	 	 	ACL 01702
	 	 	1121731	 	 	 	1731	 
	 	515	 	 	ACL 01703
	 	 	1121732	 	 	 	1732	 
	 	516	 	 	ACL 01704
	 	 	1121733	 	 	 	1733	 
	 	517	 	 	ACL 01705
	 	 	1121734	 	 	 	1734	 
	 	518	 	 	ACL 01706
	 	 	1121735	 	 	 	1735	 
	 	519	 	 	ACL 01707
	 	 	1121736	 	 	 	1736	 
	 	520	 	 	ACL 01708
	 	 	1121737	 	 	 	1737	 
	 	521	 	 	ACL 01709
	 	 	1121738	 	 	 	1738	 
	 	522	 	 	ACL 01710
	 	 	1121739	 	 	 	1739	 
	 	523	 	 	ACL 01711
	 	 	1121740	 	 	 	1740	 
	 	524	 	 	ACL 01712
	 	 	1121741	 	 	 	1741	 
	 	525	 	 	ACL 01713
	 	 	1121742	 	 	 	1742	 
	 	526	 	 	ACL 01714
	 	 	1121743	 	 	 	1743	 
	 	527	 	 	ACL 01715
	 	 	1121744	 	 	 	1744	 
	 	528	 	 	ACL 01716
	 	 	1121745	 	 	 	1745	 
	 	529	 	 	ACL 01717
	 	 	1121746	 	 	 	1746	 
	 	530	 	 	ACL 01718
	 	 	1121747	 	 	 	1747	 
	 	531	 	 	ACL 01719
	 	 	1121748	 	 	 	1748	 
	 	532	 	 	ACL 01720
	 	 	1121749	 	 	 	1749	 
	 	533	 	 	ACL 01721
	 	 	1121750	 	 	 	1750	 
	 	534	 	 	ACL 01722
	 	 	1121751	 	 	 	1751	 
	 	535	 	 	ACL 01723
	 	 	1121752	 	 	 	1752	 
	 	536	 	 	ACL 01724
	 	 	1121753	 	 	 	1753	 
	 	537	 	 	ACBL 4302
	 	 	631794	 	 	 	1794	 
	 	538	 	 	ACBL 4303
	 	 	631795	 	 	 	1795	 
	 	539	 	 	ACBL 4343
	 	 	631858	 	 	 	1858	 
	 	540	 	 	ACBL 4344
	 	 	631859	 	 	 	1859	 
	 	541	 	 	DM 1302
	 	 	531867	 	 	 	1867	 
	 	542	 	 	ACBL 4209
	 	 	621879	 	 	 	1879	 
	 	543	 	 	ACBL 4245
	 	 	621883	 	 	 	1883	 
	 	544	 	 	CHEM 300
	 	 	511889	 	 	 	1889	 
	 	545	 	 	CHEM 302
	 	 	511891	 	 	 	1891	 
	 	546	 	 	CHEM 303
	 	 	511892	 	 	 	1892	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 13 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	547	 	 	ACBL 2915
	 	 	571931	 	 	 	1931	 
	 	548	 	 	ACBL 2917
	 	 	571933	 	 	 	1933	 
	 	549	 	 	ACBL 2918
	 	 	571934	 	 	 	1934	 
	 	550	 	 	ACBL 2923
	 	 	571939	 	 	 	1939	 
	 	551	 	 	ACBL 2928
	 	 	571944	 	 	 	1944	 
	 	552	 	 	ACBL 2936
	 	 	571952	 	 	 	1952	 
	 	553	 	 	ACBL 3270
	 	 	971954	 	 	 	1954	 
	 	554	 	 	ACBL 2939
	 	 	571955	 	 	 	1955	 
	 	555	 	 	ACBL 3272
	 	 	971956	 	 	 	1956	 
	 	556	 	 	ACBL 3273
	 	 	971957	 	 	 	1957	 
	 	557	 	 	TTBL 4009
	 	 	611977	 	 	 	1977	 
	 	558	 	 	TTBL 4010
	 	 	611978	 	 	 	1978	 
	 	559	 	 	TTBL 4011
	 	 	611979	 	 	 	1979	 
	 	560	 	 	TTBL 4013
	 	 	611981	 	 	 	1981	 
	 	561	 	 	906
	 	 	501985	 	 	 	1985	 
	 	562	 	 	ACL 9717B
	 	 	1052005	 	 	 	2005	 
	 	563	 	 	ACL 9718B
	 	 	1052006	 	 	 	2006	 
	 	564	 	 	ACL 9719B
	 	 	1052007	 	 	 	2007	 
	 	565	 	 	ACL 9720B
	 	 	1052008	 	 	 	2008	 
	 	566	 	 	ACL 9721B
	 	 	1052009	 	 	 	2009	 
	 	567	 	 	S.C. & N.O. 1498
	 	 	502009	 	 	 	2009	 
	 	568	 	 	ACL 9722B
	 	 	1052013	 	 	 	2013	 
	 	569	 	 	ACL 9723B
	 	 	1052016	 	 	 	2016	 
	 	570	 	 	ACL 9724B
	 	 	1052018	 	 	 	2018	 
	 	571	 	 	ACL 9725B
	 	 	1052020	 	 	 	2020	 
	 	572	 	 	ACL 9726B
	 	 	1052023	 	 	 	2023	 
	 	573	 	 	ACL 9737B
	 	 	1052037	 	 	 	2037	 
	 	574	 	 	ACL 9738B
	 	 	1052038	 	 	 	2038	 
	 	575	 	 	ACL 9739B
	 	 	1052039	 	 	 	2039	 
	 	576	 	 	ACL 9740B
	 	 	1052040	 	 	 	2040	 
	 	577	 	 	ACL 9741B
	 	 	1052041	 	 	 	2041	 
	 	578	 	 	ACL 9742B
	 	 	1052042	 	 	 	2042	 
	 	579	 	 	ACL 9743B
	 	 	1052043	 	 	 	2043	 
	 	580	 	 	ACL 9744B
	 	 	1052044	 	 	 	2044	 
	 	581	 	 	ACL 9745B
	 	 	1052045	 	 	 	2045	 
	 	582	 	 	ACL 9746B
	 	 	1052046	 	 	 	2046	 
	 	583	 	 	ACL 9727B
	 	 	1052047	 	 	 	2047	 
	 	584	 	 	ACL 9728B
	 	 	1052048	 	 	 	2048	 
	 	585	 	 	ACL 9729B
	 	 	1052049	 	 	 	2049	 
	 	586	 	 	ACL 9730B
	 	 	1052050	 	 	 	2050	 
	 	587	 	 	ACL 9731B
	 	 	1052051	 	 	 	2051	 
	 	588	 	 	ACL 9732B
	 	 	1052052	 	 	 	2052	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 14 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	589	 	 	ACL 9733B
	 	 	1052053	 	 	 	2053	 
	 	590	 	 	ACL 9734B
	 	 	1052054	 	 	 	2054	 
	 	591	 	 	ACL 9735B
	 	 	1052055	 	 	 	2055	 
	 	592	 	 	ACL 9736B
	 	 	1052056	 	 	 	2056	 
	 	593	 	 	CHEM 1126
	 	 	632079	 	 	 	2079	 
	 	594	 	 	ACBL 4134
	 	 	632102	 	 	 	2102	 
	 	595	 	 	ACL 06600
	 	 	1182130	 	 	 	2130	 
	 	596	 	 	ACL 06601
	 	 	1182131	 	 	 	2131	 
	 	597	 	 	ACL 06602
	 	 	1182132	 	 	 	2132	 
	 	598	 	 	ACL 06603
	 	 	1182133	 	 	 	2133	 
	 	599	 	 	ACL 06604
	 	 	1182134	 	 	 	2134	 
	 	600	 	 	ACL 06605
	 	 	1182135	 	 	 	2135	 
	 	601	 	 	ACL 06606
	 	 	1182136	 	 	 	2136	 
	 	602	 	 	ACL 06607
	 	 	1182137	 	 	 	2137	 
	 	603	 	 	ACL 06608
	 	 	1182138	 	 	 	2138	 
	 	604	 	 	ACL 06609
	 	 	1182139	 	 	 	2139	 
	 	605	 	 	ACL 06610
	 	 	1182140	 	 	 	2140	 
	 	606	 	 	ACL 06624
	 	 	1182154	 	 	 	2154	 
	 	607	 	 	ACL 06625
	 	 	1182155	 	 	 	2155	 
	 	608	 	 	ACL 06626
	 	 	1182156	 	 	 	2156	 
	 	609	 	 	ACL 06627
	 	 	1182157	 	 	 	2157	 
	 	610	 	 	ACL 06628
	 	 	1182158	 	 	 	2158	 
	 	611	 	 	ACL 06629
	 	 	1182159	 	 	 	2159	 
	 	612	 	 	ACL 06630
	 	 	1182160	 	 	 	2160	 
	 	613	 	 	ACL 06631
	 	 	1182162	 	 	 	2162	 
	 	614	 	 	ACL 06632
	 	 	1182163	 	 	 	2163	 
	 	615	 	 	ACL 06633
	 	 	1182164	 	 	 	2164	 
	 	616	 	 	ACL 06634
	 	 	1182165	 	 	 	2165	 
	 	617	 	 	ACL 06635
	 	 	1182166	 	 	 	2166	 
	 	618	 	 	ACL 06636
	 	 	1182167	 	 	 	2167	 
	 	619	 	 	ACL 06637
	 	 	1182168	 	 	 	2168	 
	 	620	 	 	ACL 06638
	 	 	1182169	 	 	 	2169	 
	 	621	 	 	ACL 06639
	 	 	1182170	 	 	 	2170	 
	 	622	 	 	ACL 06640
	 	 	1182171	 	 	 	2171	 
	 	623	 	 	ACL 06641
	 	 	1182172	 	 	 	2172	 
	 	624	 	 	ACL 06642
	 	 	1182173	 	 	 	2173	 
	 	625	 	 	ACL 06643
	 	 	1182175	 	 	 	2175	 
	 	626	 	 	ACL 06644
	 	 	1182176	 	 	 	2176	 
	 	627	 	 	ACL 06645
	 	 	1182177	 	 	 	2177	 
	 	628	 	 	ACL 06646
	 	 	1182178	 	 	 	2178	 
	 	629	 	 	ACL 06647
	 	 	1182179	 	 	 	2179	 
	 	630	 	 	ACL 06648
	 	 	1182181	 	 	 	2181	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 15 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	631	 	 	ACL 06649
	 	 	1182182	 	 	 	2182	 
	 	632	 	 	ACBL 3028
	 	 	582187	 	 	 	2187	 
	 	633	 	 	ACBL 3031
	 	 	582190	 	 	 	2190	 
	 	634	 	 	ACBL 3032
	 	 	582191	 	 	 	2191	 
	 	635	 	 	ACBL 3033
	 	 	582192	 	 	 	2192	 
	 	636	 	 	ACBL 3034
	 	 	582193	 	 	 	2193	 
	 	637	 	 	ACBL 3035
	 	 	582194	 	 	 	2194	 
	 	638	 	 	ACBL 3039
	 	 	582198	 	 	 	2198	 
	 	639	 	 	ACBL 3040
	 	 	582199	 	 	 	2199	 
	 	640	 	 	ACBL 3041
	 	 	582200	 	 	 	2200	 
	 	641	 	 	ACBL 3042
	 	 	582201	 	 	 	2201	 
	 	642	 	 	ACBL 3043
	 	 	582202	 	 	 	2202	 
	 	643	 	 	ACBL 3045
	 	 	582204	 	 	 	2204	 
	 	644	 	 	ACBL 3046
	 	 	582205	 	 	 	2205	 
	 	645	 	 	ACBL 3048
	 	 	582207	 	 	 	2207	 
	 	646	 	 	ACBL 3049
	 	 	582208	 	 	 	2208	 
	 	647	 	 	ACBL 3050
	 	 	582209	 	 	 	2209	 
	 	648	 	 	CHEM 213
	 	 	512209	 	 	 	2209	 
	 	649	 	 	CCT 340
	 	 	562210	 	 	 	2210	 
	 	650	 	 	CHEM 214
	 	 	512210	 	 	 	2210	 
	 	651	 	 	ACBL 3052
	 	 	582211	 	 	 	2211	 
	 	652	 	 	CHEM 215
	 	 	512211	 	 	 	2211	 
	 	653	 	 	ACBL 3054
	 	 	582213	 	 	 	2213	 
	 	654	 	 	ACBL 3056
	 	 	582215	 	 	 	2215	 
	 	655	 	 	ACBL 3057
	 	 	582216	 	 	 	2216	 
	 	656	 	 	ACBL 3058
	 	 	582217	 	 	 	2217	 
	 	657	 	 	ACBL 3059
	 	 	582218	 	 	 	2218	 
	 	658	 	 	ACBL 3060
	 	 	582219	 	 	 	2219	 
	 	659	 	 	CCT 351
	 	 	562221	 	 	 	2221	 
	 	660	 	 	ACBL 3063
	 	 	582222	 	 	 	2222	 
	 	661	 	 	ACBL 3066
	 	 	582225	 	 	 	2225	 
	 	662	 	 	ACBL 3068
	 	 	582227	 	 	 	2227	 
	 	663	 	 	ACBL 3071
	 	 	582230	 	 	 	2230	 
	 	664	 	 	ACBL 3072
	 	 	582231	 	 	 	2231	 
	 	665	 	 	ACBL 3073
	 	 	582232	 	 	 	2232	 
	 	666	 	 	ACBL 3074
	 	 	582233	 	 	 	2233	 
	 	667	 	 	ACBL 3076
	 	 	582235	 	 	 	2235	 
	 	668	 	 	ACBL 3077
	 	 	582236	 	 	 	2236	 
	 	669	 	 	ACBL 3078
	 	 	582237	 	 	 	2237	 
	 	670	 	 	HINES 444
	 	 	992305	 	 	 	2305	 
	 	671	 	 	1472
	 	 	532356	 	 	 	2356	 
	 	672	 	 	TTBL 4206
	 	 	602374	 	 	 	2374	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 16 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	673	 	 	ACBL 4317
	 	 	612384	 	 	 	2384	 
	 	674	 	 	ACBL 4316
	 	 	612388	 	 	 	2388	 
	 	675	 	 	ACBL 4309
	 	 	612389	 	 	 	2389	 
	 	676	 	 	ACBL 4310
	 	 	612390	 	 	 	2390	 
	 	677	 	 	ACBL 4319
	 	 	612392	 	 	 	2392	 
	 	678	 	 	ACBL 4312
	 	 	612393	 	 	 	2393	 
	 	679	 	 	ACBL 4320
	 	 	612394	 	 	 	2394	 
	 	680	 	 	ACBL 4313
	 	 	612397	 	 	 	2397	 
	 	681	 	 	VLB 75102
	 	 	562411	 	 	 	2411	 
	 	682	 	 	ACBL 4063
	 	 	612420	 	 	 	2420	 
	 	683	 	 	ACBL 4046
	 	 	612422	 	 	 	2422	 
	 	684	 	 	ACBL 4059
	 	 	612424	 	 	 	2424	 
	 	685	 	 	ACBL 4052
	 	 	612425	 	 	 	2425	 
	 	686	 	 	ACBL 4053
	 	 	612426	 	 	 	2426	 
	 	687	 	 	ACBL 4070
	 	 	612427	 	 	 	2427	 
	 	688	 	 	ACBL 4048
	 	 	612429	 	 	 	2429	 
	 	689	 	 	ACBL 4049
	 	 	612430	 	 	 	2430	 
	 	690	 	 	ACBL 4050
	 	 	612432	 	 	 	2432	 
	 	691	 	 	ACBL 4051
	 	 	612433	 	 	 	2433	 
	 	692	 	 	ACBL 4127
	 	 	612434	 	 	 	2434	 
	 	693	 	 	ACBL 4128
	 	 	612435	 	 	 	2435	 
	 	694	 	 	ACBL 4129
	 	 	612436	 	 	 	2436	 
	 	695	 	 	ACBL 4130
	 	 	612437	 	 	 	2437	 
	 	696	 	 	ACBL 4131
	 	 	612438	 	 	 	2438	 
	 	697	 	 	ACBL 4342
	 	 	622461	 	 	 	2461	 
	 	698	 	 	MV 6671
	 	 	502476	 	 	 	2476	 
	 	699	 	 	ACBL 4356
	 	 	602514	 	 	 	2514	 
	 	700	 	 	ACBL 4327
	 	 	602523	 	 	 	2523	 
	 	701	 	 	HINES 426
	 	 	592548	 	 	 	2548	 
	 	702	 	 	CHEM 184
	 	 	1062577	 	 	 	2577	 
	 	703	 	 	CHEM 185
	 	 	1062578	 	 	 	2578	 
	 	704	 	 	CHEM 278
	 	 	1172585	 	 	 	2585	 
	 	705	 	 	CHEM 279
	 	 	1172586	 	 	 	2586	 
	 	706	 	 	CHEM 280
	 	 	1172587	 	 	 	2587	 
	 	707	 	 	CHEM 281
	 	 	1172588	 	 	 	2588	 
	 	708	 	 	CHEM 282
	 	 	1172589	 	 	 	2589	 
	 	709	 	 	AGS 1106
	 	 	632676	 	 	 	2676	 
	 	710	 	 	N.M.S. NO. 1485
	 	 	602719	 	 	 	2719	 
	 	711	 	 	N.M.S. NO. 1486
	 	 	602720	 	 	 	2720	 
	 	712	 	 	N.M.S. NO. 1487
	 	 	602721	 	 	 	2721	 
	 	713	 	 	ACBL 1420
	 	 	682748	 	 	 	2748	 
	 	714	 	 	ACBL 1421
	 	 	682749	 	 	 	2749	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 17 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	715	 	 	ACBL 1422
	 	 	682750	 	 	 	2750	 
	 	716	 	 	ACBL 1423
	 	 	682751	 	 	 	2751	 
	 	717	 	 	ACBL 1424
	 	 	682752	 	 	 	2752	 
	 	718	 	 	ACBL 1425
	 	 	682753	 	 	 	2753	 
	 	719	 	 	ACBL 1426
	 	 	682754	 	 	 	2754	 
	 	720	 	 	ACBL 1427
	 	 	682755	 	 	 	2755	 
	 	721	 	 	ACBL 1428
	 	 	682756	 	 	 	2756	 
	 	722	 	 	ACBL 1429
	 	 	682757	 	 	 	2757	 
	 	723	 	 	ACBL 1430
	 	 	682758	 	 	 	2758	 
	 	724	 	 	ACBL 1431
	 	 	682759	 	 	 	2759	 
	 	725	 	 	ACBL 1432
	 	 	682760	 	 	 	2760	 
	 	726	 	 	ACBL 1433
	 	 	682761	 	 	 	2761	 
	 	727	 	 	ACBL 1434
	 	 	682762	 	 	 	2762	 
	 	728	 	 	ACBL 1435
	 	 	682763	 	 	 	2763	 
	 	729	 	 	ACBL 1436
	 	 	682764	 	 	 	2764	 
	 	730	 	 	CHEM 147
	 	 	562764	 	 	 	2764	 
	 	731	 	 	ACBL 1437
	 	 	682765	 	 	 	2765	 
	 	732	 	 	CHEM 148
	 	 	562765	 	 	 	2765	 
	 	733	 	 	ACBL 1438
	 	 	682766	 	 	 	2766	 
	 	734	 	 	CHEM 149
	 	 	562766	 	 	 	2766	 
	 	735	 	 	ACBL 1439
	 	 	682767	 	 	 	2767	 
	 	736	 	 	ACBL 1440
	 	 	682768	 	 	 	2768	 
	 	737	 	 	ACBL 1441
	 	 	682769	 	 	 	2769	 
	 	738	 	 	ACBL 1442
	 	 	682770	 	 	 	2770	 
	 	739	 	 	ACBL 1443
	 	 	682771	 	 	 	2771	 
	 	740	 	 	ACBL 1444
	 	 	682772	 	 	 	2772	 
	 	741	 	 	ACBL 1445
	 	 	682774	 	 	 	2774	 
	 	742	 	 	ACBL 1446
	 	 	682775	 	 	 	2775	 
	 	743	 	 	ACBL 1447
	 	 	682776	 	 	 	2776	 
	 	744	 	 	ACBL 1448
	 	 	682777	 	 	 	2777	 
	 	745	 	 	ACBL 1449
	 	 	682778	 	 	 	2778	 
	 	746	 	 	ACBL 1450
	 	 	682779	 	 	 	2779	 
	 	747	 	 	ACBL 1451
	 	 	682780	 	 	 	2780	 
	 	748	 	 	ACBL 1452
	 	 	682781	 	 	 	2781	 
	 	749	 	 	ACBL 1453
	 	 	682782	 	 	 	2782	 
	 	750	 	 	ACBL 1454
	 	 	682783	 	 	 	2783	 
	 	751	 	 	ACBL 3255
	 	 	682784	 	 	 	2784	 
	 	752	 	 	ACBL 3257
	 	 	682786	 	 	 	2786	 
	 	753	 	 	ACBL 3258
	 	 	682787	 	 	 	2787	 
	 	754	 	 	ACBL 3260
	 	 	682789	 	 	 	2789	 
	 	755	 	 	ACBL 3261
	 	 	682790	 	 	 	2790	 
	 	756	 	 	ACBL 3262
	 	 	682791	 	 	 	2791	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 18 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	757	 	 	ACBL 3263
	 	 	682792	 	 	 	2792	 
	 	758	 	 	ACBL 3264
	 	 	682793	 	 	 	2793	 
	 	759	 	 	VLB 8103
	 	 	632855	 	 	 	2855	 
	 	760	 	 	VLB 8104
	 	 	632856	 	 	 	2856	 
	 	761	 	 	CHEM 216
	 	 	512871	 	 	 	2871	 
	 	762	 	 	CHEM 217
	 	 	512872	 	 	 	2872	 
	 	763	 	 	CHEM 218
	 	 	512873	 	 	 	2873	 
	 	764	 	 	CHEM 219
	 	 	512874	 	 	 	2874	 
	 	765	 	 	CHEM 220
	 	 	512875	 	 	 	2875	 
	 	766	 	 	CHEM 221
	 	 	512876	 	 	 	2876	 
	 	767	 	 	VLB 8126
	 	 	632878	 	 	 	2878	 
	 	768	 	 	WBC 11
	 	 	612885	 	 	 	2885	 
	 	769	 	 	ACBL 4338
	 	 	622954	 	 	 	2954	 
	 	770	 	 	ACBL 4355
	 	 	622957	 	 	 	2957	 
	 	771	 	 	CHEM 120
	 	 	593014	 	 	 	3014	 
	 	772	 	 	CHEM 121
	 	 	593015	 	 	 	3015	 
	 	773	 	 	CHEM 122
	 	 	593016	 	 	 	3016	 
	 	774	 	 	CHEM 123
	 	 	593017	 	 	 	3017	 
	 	775	 	 	CHEM 124
	 	 	593018	 	 	 	3018	 
	 	776	 	 	CHEM 125
	 	 	593019	 	 	 	3019	 
	 	777	 	 	CHEM 126
	 	 	593020	 	 	 	3020	 
	 	778	 	 	CHEM 127
	 	 	593021	 	 	 	3021	 
	 	779	 	 	CHEM 128
	 	 	593022	 	 	 	3022	 
	 	780	 	 	CHEM 129
	 	 	593023	 	 	 	3023	 
	 	781	 	 	VL 7504
	 	 	563023	 	 	 	3023	 
	 	782	 	 	CHEM 130
	 	 	593024	 	 	 	3024	 
	 	783	 	 	CHEM 131
	 	 	593025	 	 	 	3025	 
	 	784	 	 	CHEM 132
	 	 	593026	 	 	 	3026	 
	 	785	 	 	CHEM 133
	 	 	593027	 	 	 	3027	 
	 	786	 	 	DM 2309
	 	 	543120	 	 	 	3120	 
	 	787	 	 	2431
	 	 	543134	 	 	 	3134	 
	 	788	 	 	ACBL 1258
	 	 	523154	 	 	 	3154	 
	 	789	 	 	CCT 264B
	 	 	563314	 	 	 	3314	 
	 	790	 	 	SCNO 7936B
	 	 	603336	 	 	 	3336	 
	 	791	 	 	SCNO 7937B
	 	 	603337	 	 	 	3337	 
	 	792	 	 	SCNO 7938B
	 	 	603338	 	 	 	3338	 
	 	793	 	 	SCNO 7939B
	 	 	603339	 	 	 	3339	 
	 	794	 	 	SCNO 7940B
	 	 	603340	 	 	 	3340	 
	 	795	 	 	ACBL 2824
	 	 	543346	 	 	 	3346	 
	 	796	 	 	HINES 413B
	 	 	543355	 	 	 	3355	 
	 	797	 	 	ACL 06100
	 	 	1193370	 	 	 	3370	 
	 	798	 	 	ACL 06101
	 	 	1193371	 	 	 	3371	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 19 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	799	 	 	ACL 06102
	 	 	1193372	 	 	 	3372	 
	 	800	 	 	ACL 06103
	 	 	1193373	 	 	 	3373	 
	 	801	 	 	ACL 06104
	 	 	1193374	 	 	 	3374	 
	 	802	 	 	ACL 06105
	 	 	1193375	 	 	 	3375	 
	 	803	 	 	ACL 06106
	 	 	1193376	 	 	 	3376	 
	 	804	 	 	ACL 06107
	 	 	1193377	 	 	 	3377	 
	 	805	 	 	ACL 06108
	 	 	1193378	 	 	 	3378	 
	 	806	 	 	ACL 06109
	 	 	1193380	 	 	 	3380	 
	 	807	 	 	ACL 06110
	 	 	1193381	 	 	 	3381	 
	 	808	 	 	ACL 06111
	 	 	1193382	 	 	 	3382	 
	 	809	 	 	ACL 06112
	 	 	1193383	 	 	 	3383	 
	 	810	 	 	ACL 06113
	 	 	1193384	 	 	 	3384	 
	 	811	 	 	ACL 06114
	 	 	1193385	 	 	 	3385	 
	 	812	 	 	ACL 06115
	 	 	1193386	 	 	 	3386	 
	 	813	 	 	ACL 06116
	 	 	1193387	 	 	 	3387	 
	 	814	 	 	ACL 06117
	 	 	1193389	 	 	 	3389	 
	 	815	 	 	ACL 06118
	 	 	1193390	 	 	 	3390	 
	 	816	 	 	ACL 06119
	 	 	1193391	 	 	 	3391	 
	 	817	 	 	ACBL 4139
	 	 	643444	 	 	 	3444	 
	 	818	 	 	ACBL 4145
	 	 	643445	 	 	 	3445	 
	 	819	 	 	HINES 430
	 	 	603463	 	 	 	3463	 
	 	820	 	 	SCNO 1307
	 	 	503463	 	 	 	3463	 
	 	821	 	 	SCNO 1308
	 	 	503464	 	 	 	3464	 
	 	822	 	 	SCNO 8101
	 	 	633481	 	 	 	3481	 
	 	823	 	 	SCNO 8102
	 	 	633482	 	 	 	3482	 
	 	824	 	 	SCNO 8103
	 	 	633483	 	 	 	3483	 
	 	825	 	 	SCNO 8104
	 	 	633484	 	 	 	3484	 
	 	826	 	 	SCNO 8105
	 	 	633485	 	 	 	3485	 
	 	827	 	 	SCNO 8106
	 	 	633486	 	 	 	3486	 
	 	828	 	 	SCNO 8107
	 	 	633487	 	 	 	3487	 
	 	829	 	 	SCNO 8108
	 	 	633488	 	 	 	3488	 
	 	830	 	 	SCNO 8109
	 	 	633489	 	 	 	3489	 
	 	831	 	 	SCNO 8110
	 	 	633490	 	 	 	3490	 
	 	832	 	 	SCNO 8111
	 	 	633491	 	 	 	3491	 
	 	833	 	 	SCNO 8112
	 	 	633492	 	 	 	3492	 
	 	834	 	 	SCNO 8113
	 	 	633493	 	 	 	3493	 
	 	835	 	 	SCNO 8114
	 	 	633494	 	 	 	3494	 
	 	836	 	 	SCNO 8115
	 	 	633495	 	 	 	3495	 
	 	837	 	 	SCNO 8116
	 	 	633496	 	 	 	3496	 
	 	838	 	 	SCNO 8117
	 	 	633497	 	 	 	3497	 
	 	839	 	 	CHEM 161
	 	 	993498	 	 	 	3498	 
	 	840	 	 	SCNO 8118
	 	 	633498	 	 	 	3498	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 20 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	841	 	 	CHEM 162
	 	 	993499	 	 	 	3499	 
	 	842	 	 	SCNO 8119
	 	 	633499	 	 	 	3499	 
	 	843	 	 	CHEM 163
	 	 	993500	 	 	 	3500	 
	 	844	 	 	SCNO 8120
	 	 	633500	 	 	 	3500	 
	 	845	 	 	CHEM 164
	 	 	993501	 	 	 	3501	 
	 	846	 	 	SCNO 8121
	 	 	633501	 	 	 	3501	 
	 	847	 	 	SCNO 8122
	 	 	633502	 	 	 	3502	 
	 	848	 	 	SCNO 8123
	 	 	633503	 	 	 	3503	 
	 	849	 	 	SCNO 8124
	 	 	633504	 	 	 	3504	 
	 	850	 	 	SCNO 8125
	 	 	633505	 	 	 	3505	 
	 	851	 	 	SCNO 8126
	 	 	633506	 	 	 	3506	 
	 	852	 	 	SCNO 8128
	 	 	633508	 	 	 	3508	 
	 	853	 	 	SCNO 8129
	 	 	633509	 	 	 	3509	 
	 	854	 	 	SCNO 8130
	 	 	633510	 	 	 	3510	 
	 	855	 	 	SCNO 8131
	 	 	633511	 	 	 	3511	 
	 	856	 	 	SCNO 8132
	 	 	633512	 	 	 	3512	 
	 	857	 	 	SCNO 8133
	 	 	633513	 	 	 	3513	 
	 	858	 	 	SCNO 8134
	 	 	633514	 	 	 	3514	 
	 	859	 	 	SCNO 8135
	 	 	633515	 	 	 	3515	 
	 	860	 	 	SCNO 8136
	 	 	633516	 	 	 	3516	 
	 	861	 	 	SCNO 8137
	 	 	633517	 	 	 	3517	 
	 	862	 	 	SCNO 8138
	 	 	633518	 	 	 	3518	 
	 	863	 	 	SCNO 8139
	 	 	633519	 	 	 	3519	 
	 	864	 	 	SCNO 8140
	 	 	633520	 	 	 	3520	 
	 	865	 	 	SCNO 8141
	 	 	633521	 	 	 	3521	 
	 	866	 	 	SCNO 8142
	 	 	633522	 	 	 	3522	 
	 	867	 	 	SCNO 8143
	 	 	633523	 	 	 	3523	 
	 	868	 	 	SCNO 8144
	 	 	633524	 	 	 	3524	 
	 	869	 	 	SCNO 8145
	 	 	633525	 	 	 	3525	 
	 	870	 	 	SCNO 8146
	 	 	633526	 	 	 	3526	 
	 	871	 	 	SCNO 8147
	 	 	633527	 	 	 	3527	 
	 	872	 	 	SCNO 8148
	 	 	633528	 	 	 	3528	 
	 	873	 	 	SCNO 8149
	 	 	633529	 	 	 	3529	 
	 	874	 	 	SCNO 8150
	 	 	633530	 	 	 	3530	 
	 	875	 	 	SCNO 8151
	 	 	633531	 	 	 	3531	 
	 	876	 	 	SCNO 8152
	 	 	633532	 	 	 	3532	 
	 	877	 	 	SCNO 8153
	 	 	633533	 	 	 	3533	 
	 	878	 	 	SCNO 8154
	 	 	633534	 	 	 	3534	 
	 	879	 	 	SCNO 8155
	 	 	633535	 	 	 	3535	 
	 	880	 	 	SCNO 8157
	 	 	633537	 	 	 	3537	 
	 	881	 	 	SCNO 8158
	 	 	633538	 	 	 	3538	 
	 	882	 	 	SCNO 8159
	 	 	633539	 	 	 	3539	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 21 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	883	 	 	SCNO 8160
	 	 	633540	 	 	 	3540	 
	 	884	 	 	ACL 96006
	 	 	1043597	 	 	 	3597	 
	 	885	 	 	ACL 96007
	 	 	1043598	 	 	 	3598	 
	 	886	 	 	ACL 96008
	 	 	1043599	 	 	 	3599	 
	 	887	 	 	ACL 96009
	 	 	1043600	 	 	 	3600	 
	 	888	 	 	ACL 96010
	 	 	1043601	 	 	 	3601	 
	 	889	 	 	ACL 96011
	 	 	1043602	 	 	 	3602	 
	 	890	 	 	ACL 96012
	 	 	1043603	 	 	 	3603	 
	 	891	 	 	ACL 96013
	 	 	1043604	 	 	 	3604	 
	 	892	 	 	ACBL 3095
	 	 	593605	 	 	 	3605	 
	 	893	 	 	ACL 96014
	 	 	1043605	 	 	 	3605	 
	 	894	 	 	ACBL 3096
	 	 	593606	 	 	 	3606	 
	 	895	 	 	ACL 96015
	 	 	1043606	 	 	 	3606	 
	 	896	 	 	ACBL 3097
	 	 	593607	 	 	 	3607	 
	 	897	 	 	ACBL 3098
	 	 	593608	 	 	 	3608	 
	 	898	 	 	ACL 96016
	 	 	1043608	 	 	 	3608	 
	 	899	 	 	ACBL 3099
	 	 	593609	 	 	 	3609	 
	 	900	 	 	ACL 96017
	 	 	1043609	 	 	 	3609	 
	 	901	 	 	ACBL 3100
	 	 	593610	 	 	 	3610	 
	 	902	 	 	ACL 96018
	 	 	1043610	 	 	 	3610	 
	 	903	 	 	ACBL 3101
	 	 	593611	 	 	 	3611	 
	 	904	 	 	ACL 96019
	 	 	1043611	 	 	 	3611	 
	 	905	 	 	ACL 96020
	 	 	1043612	 	 	 	3612	 
	 	906	 	 	ACBL 3103
	 	 	593613	 	 	 	3613	 
	 	907	 	 	ACL 96021
	 	 	1043613	 	 	 	3613	 
	 	908	 	 	ACL 96022
	 	 	1043614	 	 	 	3614	 
	 	909	 	 	ACL 96023
	 	 	1043615	 	 	 	3615	 
	 	910	 	 	ACL 96024
	 	 	1043616	 	 	 	3616	 
	 	911	 	 	ACL 96025
	 	 	1043618	 	 	 	3618	 
	 	912	 	 	ACL 96026
	 	 	1043621	 	 	 	3621	 
	 	913	 	 	ACL 96027
	 	 	1043622	 	 	 	3622	 
	 	914	 	 	ACL 96028
	 	 	1043623	 	 	 	3623	 
	 	915	 	 	ACL 96029
	 	 	1043624	 	 	 	3624	 
	 	916	 	 	ACL 96030
	 	 	1043625	 	 	 	3625	 
	 	917	 	 	ACL 96031
	 	 	1043626	 	 	 	3626	 
	 	918	 	 	ACL 96032
	 	 	1043627	 	 	 	3627	 
	 	919	 	 	ACL 96033
	 	 	1043628	 	 	 	3628	 
	 	920	 	 	ACL 96034
	 	 	1043629	 	 	 	3629	 
	 	921	 	 	ACL 96035
	 	 	1043630	 	 	 	3630	 
	 	922	 	 	CHEM 306
	 	 	553630	 	 	 	3630	 
	 	923	 	 	ACBL 429
	 	 	633639	 	 	 	3639	 
	 	924	 	 	ACBL 431
	 	 	633641	 	 	 	3641	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 22 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	925	 	 	ACBL 432
	 	 	633642	 	 	 	3642	 
	 	926	 	 	CHEM 304
	 	 	523659	 	 	 	3659	 
	 	927	 	 	HINES 418
	 	 	553673	 	 	 	3673	 
	 	928	 	 	HINES 420
	 	 	553674	 	 	 	3674	 
	 	929	 	 	TTBL 4015
	 	 	613736	 	 	 	3736	 
	 	930	 	 	TTBL 4017
	 	 	613738	 	 	 	3738	 
	 	931	 	 	TTBL 4018
	 	 	613739	 	 	 	3739	 
	 	932	 	 	ACBL 4140
	 	 	643756	 	 	 	3756	 
	 	933	 	 	ACBL 4141
	 	 	643757	 	 	 	3757	 
	 	934	 	 	ACBL 4142
	 	 	643758	 	 	 	3758	 
	 	935	 	 	ACBL 4143
	 	 	643759	 	 	 	3759	 
	 	936	 	 	ACBL 4144
	 	 	643760	 	 	 	3760	 
	 	937	 	 	NM 1001
	 	 	963767	 	 	 	3767	 
	 	938	 	 	NM 1002
	 	 	963768	 	 	 	3768	 
	 	939	 	 	NM 1003
	 	 	963769	 	 	 	3769	 
	 	940	 	 	NM 1004
	 	 	963770	 	 	 	3770	 
	 	941	 	 	NM 1005
	 	 	963771	 	 	 	3771	 
	 	942	 	 	NM 1006
	 	 	963772	 	 	 	3772	 
	 	943	 	 	NM 1007
	 	 	963773	 	 	 	3773	 
	 	944	 	 	NM 1008
	 	 	963774	 	 	 	3774	 
	 	945	 	 	NM 1009
	 	 	963775	 	 	 	3775	 
	 	946	 	 	NM 1010
	 	 	963776	 	 	 	3776	 
	 	947	 	 	NM 1011
	 	 	963777	 	 	 	3777	 
	 	948	 	 	NM 1012
	 	 	963778	 	 	 	3778	 
	 	949	 	 	NM 1013
	 	 	963779	 	 	 	3779	 
	 	950	 	 	NM 1014
	 	 	963780	 	 	 	3780	 
	 	951	 	 	NM 1015
	 	 	963781	 	 	 	3781	 
	 	952	 	 	MAC 223B
	 	 	623782	 	 	 	3782	 
	 	953	 	 	NM 1016
	 	 	963782	 	 	 	3782	 
	 	954	 	 	NM 1017
	 	 	963783	 	 	 	3783	 
	 	955	 	 	NM 1018
	 	 	963784	 	 	 	3784	 
	 	956	 	 	NM 1019
	 	 	963785	 	 	 	3785	 
	 	957	 	 	NM 1020
	 	 	963786	 	 	 	3786	 
	 	958	 	 	SCNO 1323
	 	 	523793	 	 	 	3793	 
	 	959	 	 	AGS 420B
	 	 	633794	 	 	 	3794	 
	 	960	 	 	SCNO 1324
	 	 	523794	 	 	 	3794	 
	 	961	 	 	SCNO 1326
	 	 	523796	 	 	 	3796	 
	 	962	 	 	ACL 9747B
	 	 	1053819	 	 	 	3819	 
	 	963	 	 	ACL 9748B
	 	 	1053820	 	 	 	3820	 
	 	964	 	 	ACL 9749B
	 	 	1053821	 	 	 	3821	 
	 	965	 	 	ACL 9750B
	 	 	1053822	 	 	 	3822	 
	 	966	 	 	CHEM 307
	 	 	553851	 	 	 	3851	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 23 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	967	 	 	CHEM 403
	 	 	553852	 	 	 	3852	 
	 	968	 	 	CHEM 404
	 	 	553853	 	 	 	3853	 
	 	969	 	 	CHEM 405
	 	 	553854	 	 	 	3854	 
	 	970	 	 	CHEM 406
	 	 	553855	 	 	 	3855	 
	 	971	 	 	CHEM 407
	 	 	553856	 	 	 	3856	 
	 	972	 	 	CHEM 408
	 	 	553857	 	 	 	3857	 
	 	973	 	 	CHEM 500
	 	 	553858	 	 	 	3858	 
	 	974	 	 	DM 2801
	 	 	633859	 	 	 	3859	 
	 	975	 	 	DM 2802
	 	 	633860	 	 	 	3860	 
	 	976	 	 	DM 2803
	 	 	633861	 	 	 	3861	 
	 	977	 	 	DM 2804
	 	 	633862	 	 	 	3862	 
	 	978	 	 	DM 2805
	 	 	633863	 	 	 	3863	 
	 	979	 	 	ACBL 4304
	 	 	623864	 	 	 	3864	 
	 	980	 	 	DM 2806
	 	 	633864	 	 	 	3864	 
	 	981	 	 	DM 2807
	 	 	633865	 	 	 	3865	 
	 	982	 	 	DM 2808
	 	 	633866	 	 	 	3866	 
	 	983	 	 	DM 2809
	 	 	633867	 	 	 	3867	 
	 	984	 	 	DM 2810
	 	 	633868	 	 	 	3868	 
	 	985	 	 	DM 2811
	 	 	633869	 	 	 	3869	 
	 	986	 	 	DM 2814
	 	 	633872	 	 	 	3872	 
	 	987	 	 	DM 2815
	 	 	633873	 	 	 	3873	 
	 	988	 	 	DM 2816
	 	 	633874	 	 	 	3874	 
	 	989	 	 	DM 2818
	 	 	633876	 	 	 	3876	 
	 	990	 	 	DM 2820
	 	 	633878	 	 	 	3878	 
	 	991	 	 	ACBL 2748
	 	 	523884	 	 	 	3884	 
	 	992	 	 	ACBL 435
	 	 	653896	 	 	 	3896	 
	 	993	 	 	ACBL 411
	 	 	633897	 	 	 	3897	 
	 	994	 	 	ACBL 436
	 	 	653897	 	 	 	3897	 
	 	995	 	 	ACBL 437
	 	 	653898	 	 	 	3898	 
	 	996	 	 	ACBL 438
	 	 	653899	 	 	 	3899	 
	 	997	 	 	ACBL 414
	 	 	633900	 	 	 	3900	 
	 	998	 	 	ACBL 439
	 	 	653900	 	 	 	3900	 
	 	999	 	 	ACBL 440
	 	 	653901	 	 	 	3901	 
	 	1000	 	 	ACBL 441
	 	 	653902	 	 	 	3902	 
	 	1001	 	 	ACBL 442
	 	 	653903	 	 	 	3903	 
	 	1002	 	 	ACBL 418
	 	 	633904	 	 	 	3904	 
	 	1003	 	 	ACBL 443
	 	 	653904	 	 	 	3904	 
	 	1004	 	 	ACBL 419
	 	 	633905	 	 	 	3905	 
	 	1005	 	 	ACBL 444
	 	 	653905	 	 	 	3905	 
	 	1006	 	 	ACBL 445
	 	 	653906	 	 	 	3906	 
	 	1007	 	 	ACBL 500
	 	 	653907	 	 	 	3907	 
	 	1008	 	 	ACBL 501
	 	 	653908	 	 	 	3908	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 24 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	1009	 	 	ACBL 502
	 	 	653909	 	 	 	3909	 
	 	1010	 	 	ACBL 503
	 	 	653910	 	 	 	3910	 
	 	1011	 	 	ACBL 504
	 	 	653911	 	 	 	3911	 
	 	1012	 	 	ACBL 505
	 	 	653912	 	 	 	3912	 
	 	1013	 	 	ACBL 506
	 	 	653913	 	 	 	3913	 
	 	1014	 	 	ACBL 507
	 	 	653914	 	 	 	3914	 
	 	1015	 	 	ACBL 508
	 	 	653915	 	 	 	3915	 
	 	1016	 	 	VL 8201
	 	 	643915	 	 	 	3915	 
	 	1017	 	 	ACBL 509
	 	 	653916	 	 	 	3916	 
	 	1018	 	 	ACBL 510
	 	 	653917	 	 	 	3917	 
	 	1019	 	 	ACBL 511
	 	 	653918	 	 	 	3918	 
	 	1020	 	 	ACBL 512
	 	 	653919	 	 	 	3919	 
	 	1021	 	 	ACBL 513
	 	 	653920	 	 	 	3920	 
	 	1022	 	 	ACBL 514
	 	 	653921	 	 	 	3921	 
	 	1023	 	 	ACBL 4123
	 	 	633994	 	 	 	3994	 
	 	1024	 	 	ACBL 4124
	 	 	633995	 	 	 	3995	 
	 	1025	 	 	ACBL 4125
	 	 	633996	 	 	 	3996	 
	 	1026	 	 	ACBL 4126
	 	 	633997	 	 	 	3997	 
	 	1027	 	 	V 823B
	 	 	513998	 	 	 	3998	 
	 	1028	 	 	ACBL 110
	 	 	604010	 	 	 	4010	 
	 	1029	 	 	ACBL 111
	 	 	604011	 	 	 	4011	 
	 	1030	 	 	ACBL 113
	 	 	604013	 	 	 	4013	 
	 	1031	 	 	ACBL 114
	 	 	604014	 	 	 	4014	 
	 	1032	 	 	ACBL 116
	 	 	604016	 	 	 	4016	 
	 	1033	 	 	ACBL 117
	 	 	604017	 	 	 	4017	 
	 	1034	 	 	CMA 112
	 	 	524017	 	 	 	4017	 
	 	1035	 	 	ACBL 406
	 	 	604022	 	 	 	4022	 
	 	1036	 	 	ACBL 124
	 	 	604024	 	 	 	4024	 
	 	1037	 	 	ACBL 3200
	 	 	604025	 	 	 	4025	 
	 	1038	 	 	ACBL 3201
	 	 	604026	 	 	 	4026	 
	 	1039	 	 	ACBL 3203
	 	 	604028	 	 	 	4028	 
	 	1040	 	 	ACBL 3204
	 	 	604029	 	 	 	4029	 
	 	1041	 	 	ACBL 3207
	 	 	604032	 	 	 	4032	 
	 	1042	 	 	ACBL 3208
	 	 	604033	 	 	 	4033	 
	 	1043	 	 	ACBL 3210
	 	 	604035	 	 	 	4035	 
	 	1044	 	 	VLB 75109
	 	 	564035	 	 	 	4035	 
	 	1045	 	 	ACBL 3211
	 	 	604036	 	 	 	4036	 
	 	1046	 	 	ACBL 3212
	 	 	604037	 	 	 	4037	 
	 	1047	 	 	ACBL 3217
	 	 	604042	 	 	 	4042	 
	 	1048	 	 	ACBL 3218
	 	 	604043	 	 	 	4043	 
	 	1049	 	 	ACBL 3219
	 	 	604044	 	 	 	4044	 
	 	1050	 	 	ACBL 3220
	 	 	604045	 	 	 	4045	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 25 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	1051	 	 	ACBL 3221
	 	 	604046	 	 	 	4046	 
	 	1052	 	 	ACBL 3222
	 	 	604047	 	 	 	4047	 
	 	1053	 	 	ACBL 3223
	 	 	604048	 	 	 	4048	 
	 	1054	 	 	ACBL 5025
	 	 	624057	 	 	 	4057	 
	 	1055	 	 	ACBL 5026
	 	 	624058	 	 	 	4058	 
	 	1056	 	 	ACBL 5027
	 	 	624059	 	 	 	4059	 
	 	1057	 	 	ACL 00582
	 	 	1114059	 	 	 	4059	 
	 	1058	 	 	ACBL 5028
	 	 	624060	 	 	 	4060	 
	 	1059	 	 	ACL 00583
	 	 	1114060	 	 	 	4060	 
	 	1060	 	 	ACBL 5029
	 	 	624061	 	 	 	4061	 
	 	1061	 	 	ACL 00584
	 	 	1114061	 	 	 	4061	 
	 	1062	 	 	ACBL 5030
	 	 	624062	 	 	 	4062	 
	 	1063	 	 	ACL 01500
	 	 	1114062	 	 	 	4062	 
	 	1064	 	 	ACBL 5031
	 	 	624063	 	 	 	4063	 
	 	1065	 	 	ACL 01501
	 	 	1114063	 	 	 	4063	 
	 	1066	 	 	HINES 407B
	 	 	544063	 	 	 	4063	 
	 	1067	 	 	ACBL 5032
	 	 	624064	 	 	 	4064	 
	 	1068	 	 	ACL 01502
	 	 	1114064	 	 	 	4064	 
	 	1069	 	 	ACBL 5033
	 	 	624065	 	 	 	4065	 
	 	1070	 	 	ACL 01503
	 	 	1114065	 	 	 	4065	 
	 	1071	 	 	ACBL 5034
	 	 	624066	 	 	 	4066	 
	 	1072	 	 	ACL 01504
	 	 	1114066	 	 	 	4066	 
	 	1073	 	 	ACBL 5035
	 	 	624067	 	 	 	4067	 
	 	1074	 	 	ACL 01505
	 	 	1114067	 	 	 	4067	 
	 	1075	 	 	ACBL 5036
	 	 	624068	 	 	 	4068	 
	 	1076	 	 	ACL 01506
	 	 	1114068	 	 	 	4068	 
	 	1077	 	 	ACBL 5037
	 	 	624069	 	 	 	4069	 
	 	1078	 	 	ACL 01507
	 	 	1114069	 	 	 	4069	 
	 	1079	 	 	ACBL 5038
	 	 	624070	 	 	 	4070	 
	 	1080	 	 	ACL 01508
	 	 	1114070	 	 	 	4070	 
	 	1081	 	 	ACBL 5039
	 	 	624071	 	 	 	4071	 
	 	1082	 	 	ACL 01509
	 	 	1114071	 	 	 	4071	 
	 	1083	 	 	ACL 01510
	 	 	1114072	 	 	 	4072	 
	 	1084	 	 	ACBL 3126
	 	 	624073	 	 	 	4073	 
	 	1085	 	 	ACL 01511
	 	 	1114073	 	 	 	4073	 
	 	1086	 	 	ACBL 3127
	 	 	624074	 	 	 	4074	 
	 	1087	 	 	ACL 01512
	 	 	1114074	 	 	 	4074	 
	 	1088	 	 	ACBL 3128
	 	 	624075	 	 	 	4075	 
	 	1089	 	 	ACL 01513
	 	 	1114075	 	 	 	4075	 
	 	1090	 	 	ACL 01514
	 	 	1114076	 	 	 	4076	 
	 	1091	 	 	ACBL 3130
	 	 	624077	 	 	 	4077	 
	 	1092	 	 	ACL 01515
	 	 	1114077	 	 	 	4077	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 26 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	1093	 	 	ACBL 3131
	 	 	624078	 	 	 	4078	 
	 	1094	 	 	ACL 01100
	 	 	1114078	 	 	 	4078	 
	 	1095	 	 	ACBL 3132
	 	 	624079	 	 	 	4079	 
	 	1096	 	 	ACL 01101
	 	 	1114079	 	 	 	4079	 
	 	1097	 	 	ACBL 3133
	 	 	624080	 	 	 	4080	 
	 	1098	 	 	ACL 01102
	 	 	1114080	 	 	 	4080	 
	 	1099	 	 	ACL 01103
	 	 	1114081	 	 	 	4081	 
	 	1100	 	 	ACL 01104
	 	 	1114082	 	 	 	4082	 
	 	1101	 	 	ACL 01105
	 	 	1114083	 	 	 	4083	 
	 	1102	 	 	ACL 01106
	 	 	1114084	 	 	 	4084	 
	 	1103	 	 	ACL 01107
	 	 	1114085	 	 	 	4085	 
	 	1104	 	 	ACL 01108
	 	 	1114086	 	 	 	4086	 
	 	1105	 	 	ACL 01109
	 	 	1114087	 	 	 	4087	 
	 	1106	 	 	ACL 01110
	 	 	1114088	 	 	 	4088	 
	 	1107	 	 	ACL 01111
	 	 	1114089	 	 	 	4089	 
	 	1108	 	 	ACL 01112
	 	 	1114090	 	 	 	4090	 
	 	1109	 	 	ACL 01113
	 	 	1114091	 	 	 	4091	 
	 	1110	 	 	ACL 01114
	 	 	1114092	 	 	 	4092	 
	 	1111	 	 	ACL 01115
	 	 	1114093	 	 	 	4093	 
	 	1112	 	 	ACL 01116
	 	 	1114094	 	 	 	4094	 
	 	1113	 	 	ACL 01117
	 	 	1114095	 	 	 	4095	 
	 	1114	 	 	ACL 01118
	 	 	1114096	 	 	 	4096	 
	 	1115	 	 	ACL 01119
	 	 	1114097	 	 	 	4097	 
	 	1116	 	 	ACL 01120
	 	 	1114098	 	 	 	4098	 
	 	1117	 	 	ACL 01121
	 	 	1114099	 	 	 	4099	 
	 	1118	 	 	ACL 01122
	 	 	1114100	 	 	 	4100	 
	 	1119	 	 	ACL 01123
	 	 	1114101	 	 	 	4101	 
	 	1120	 	 	ACL 01124
	 	 	1114102	 	 	 	4102	 
	 	1121	 	 	ACL 01125
	 	 	1114103	 	 	 	4103	 
	 	1122	 	 	ACL 01126
	 	 	1114104	 	 	 	4104	 
	 	1123	 	 	ACL 01127
	 	 	1114105	 	 	 	4105	 
	 	1124	 	 	ACL 01128
	 	 	1114106	 	 	 	4106	 
	 	1125	 	 	ACL 01129
	 	 	1114107	 	 	 	4107	 
	 	1126	 	 	ACL 01520
	 	 	1114108	 	 	 	4108	 
	 	1127	 	 	ACL 01521
	 	 	1114109	 	 	 	4109	 
	 	1128	 	 	ACL 01522
	 	 	1114110	 	 	 	4110	 
	 	1129	 	 	ACL 01523
	 	 	1114111	 	 	 	4111	 
	 	1130	 	 	ACL 01524
	 	 	1114112	 	 	 	4112	 
	 	1131	 	 	ACL 01525
	 	 	1114113	 	 	 	4113	 
	 	1132	 	 	ACL 01526
	 	 	1114114	 	 	 	4114	 
	 	1133	 	 	ACL 01527
	 	 	1114115	 	 	 	4115	 
	 	1134	 	 	ACL 01528
	 	 	1114116	 	 	 	4116	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 27 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	1135	 	 	ACL 01529
	 	 	1114117	 	 	 	4117	 
	 	1136	 	 	ACL 01530
	 	 	1114118	 	 	 	4118	 
	 	1137	 	 	ACL 01531
	 	 	1114119	 	 	 	4119	 
	 	1138	 	 	ACL 01532
	 	 	1114120	 	 	 	4120	 
	 	1139	 	 	ACL 01533
	 	 	1114121	 	 	 	4121	 
	 	1140	 	 	ACL 01534
	 	 	1114122	 	 	 	4122	 
	 	1141	 	 	ACL 01535
	 	 	1114123	 	 	 	4123	 
	 	1142	 	 	HINES 431B
	 	 	554123	 	 	 	4123	 
	 	1143	 	 	ACL 01536
	 	 	1114124	 	 	 	4124	 
	 	1144	 	 	ACL 01537
	 	 	1114125	 	 	 	4125	 
	 	1145	 	 	ACL 01538
	 	 	1114126	 	 	 	4126	 
	 	1146	 	 	ACL 01539
	 	 	1114127	 	 	 	4127	 
	 	1147	 	 	ACL 01540
	 	 	1114128	 	 	 	4128	 
	 	1148	 	 	ACL 01541
	 	 	1114129	 	 	 	4129	 
	 	1149	 	 	ACL 01542
	 	 	1114130	 	 	 	4130	 
	 	1150	 	 	ACL 01543
	 	 	1114131	 	 	 	4131	 
	 	1151	 	 	ACL 01544
	 	 	1114132	 	 	 	4132	 
	 	1152	 	 	ACL 01545
	 	 	1114133	 	 	 	4133	 
	 	1153	 	 	ACL 01546
	 	 	1114134	 	 	 	4134	 
	 	1154	 	 	ACL 01547
	 	 	1114135	 	 	 	4135	 
	 	1155	 	 	ACL 01548
	 	 	1114136	 	 	 	4136	 
	 	1156	 	 	ACL 01549
	 	 	1114137	 	 	 	4137	 
	 	1157	 	 	ACBL 335X
	 	 	614165	 	 	 	4165	 
	 	1158	 	 	ACBL 336X
	 	 	614166	 	 	 	4166	 
	 	1159	 	 	ACBL 337X
	 	 	614167	 	 	 	4167	 
	 	1160	 	 	ACBL 339X
	 	 	614169	 	 	 	4169	 
	 	1161	 	 	ACBL 340X
	 	 	614170	 	 	 	4170	 
	 	1162	 	 	ACBL 341X
	 	 	614171	 	 	 	4171	 
	 	1163	 	 	ACBL 342X
	 	 	614172	 	 	 	4172	 
	 	1164	 	 	ACBL 343X
	 	 	614173	 	 	 	4173	 
	 	1165	 	 	CHEM 194
	 	 	1174173	 	 	 	4173	 
	 	1166	 	 	ACBL 344X
	 	 	614174	 	 	 	4174	 
	 	1167	 	 	CHEM 195
	 	 	1174174	 	 	 	4174	 
	 	1168	 	 	ACBL 345X
	 	 	614175	 	 	 	4175	 
	 	1169	 	 	CHEM 196
	 	 	1174175	 	 	 	4175	 
	 	1170	 	 	ACBL 346X
	 	 	614176	 	 	 	4176	 
	 	1171	 	 	CHEM 198
	 	 	1174176	 	 	 	4176	 
	 	1172	 	 	ACBL 347X
	 	 	614177	 	 	 	4177	 
	 	1173	 	 	CHEM 700
	 	 	1174177	 	 	 	4177	 
	 	1174	 	 	ACBL 348X
	 	 	614178	 	 	 	4178	 
	 	1175	 	 	CHEM 199
	 	 	1174178	 	 	 	4178	 
	 	1176	 	 	ACBL 349X
	 	 	614179	 	 	 	4179	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 28 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	1177	 	 	CHEM 197
	 	 	1174179	 	 	 	4179	 
	 	1178	 	 	ACBL 350X
	 	 	614180	 	 	 	4180	 
	 	1179	 	 	ACBL 351X
	 	 	614181	 	 	 	4181	 
	 	1180	 	 	ACBL 352X
	 	 	614182	 	 	 	4182	 
	 	1181	 	 	ACBL 353X
	 	 	614183	 	 	 	4183	 
	 	1182	 	 	VL 08135
	 	 	634183	 	 	 	4183	 
	 	1183	 	 	ACBL 1860
	 	 	614185	 	 	 	4185	 
	 	1184	 	 	ACBL 5040
	 	 	624185	 	 	 	4185	 
	 	1185	 	 	ACBL 5041
	 	 	624186	 	 	 	4186	 
	 	1186	 	 	ACBL 1862
	 	 	614187	 	 	 	4187	 
	 	1187	 	 	ACBL 5042
	 	 	624187	 	 	 	4187	 
	 	1188	 	 	VL 08139
	 	 	634187	 	 	 	4187	 
	 	1189	 	 	ACBL 1863
	 	 	614188	 	 	 	4188	 
	 	1190	 	 	ACBL 5043
	 	 	624188	 	 	 	4188	 
	 	1191	 	 	VL 08140
	 	 	634188	 	 	 	4188	 
	 	1192	 	 	ACBL 1864
	 	 	614189	 	 	 	4189	 
	 	1193	 	 	ACBL 5044
	 	 	624189	 	 	 	4189	 
	 	1194	 	 	VL 8141
	 	 	634189	 	 	 	4189	 
	 	1195	 	 	ACBL 1865
	 	 	614190	 	 	 	4190	 
	 	1196	 	 	ACBL 5045
	 	 	624190	 	 	 	4190	 
	 	1197	 	 	ACBL 1866
	 	 	614191	 	 	 	4191	 
	 	1198	 	 	ACBL 5046
	 	 	624191	 	 	 	4191	 
	 	1199	 	 	ACBL 1867
	 	 	614192	 	 	 	4192	 
	 	1200	 	 	ACBL 5047
	 	 	624192	 	 	 	4192	 
	 	1201	 	 	ACBL 1868
	 	 	614193	 	 	 	4193	 
	 	1202	 	 	ACBL 5048
	 	 	624193	 	 	 	4193	 
	 	1203	 	 	ACBL 1869
	 	 	614194	 	 	 	4194	 
	 	1204	 	 	ACBL 5049
	 	 	624194	 	 	 	4194	 
	 	1205	 	 	VL 8146
	 	 	634194	 	 	 	4194	 
	 	1206	 	 	ACBL 1400
	 	 	624195	 	 	 	4195	 
	 	1207	 	 	ACBL 3110
	 	 	614195	 	 	 	4195	 
	 	1208	 	 	ACBL 1401
	 	 	624196	 	 	 	4196	 
	 	1209	 	 	ACBL 3111
	 	 	614196	 	 	 	4196	 
	 	1210	 	 	VL 8148
	 	 	634196	 	 	 	4196	 
	 	1211	 	 	ACBL 1402
	 	 	624197	 	 	 	4197	 
	 	1212	 	 	ACBL 3112
	 	 	614197	 	 	 	4197	 
	 	1213	 	 	ACBL 1403
	 	 	624198	 	 	 	4198	 
	 	1214	 	 	ACBL 3113
	 	 	614198	 	 	 	4198	 
	 	1215	 	 	VL 8150
	 	 	634198	 	 	 	4198	 
	 	1216	 	 	ACBL 1404
	 	 	624199	 	 	 	4199	 
	 	1217	 	 	ACBL 3114
	 	 	614199	 	 	 	4199	 
	 	1218	 	 	VL 8151
	 	 	634199	 	 	 	4199	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 29 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	1219	 	 	ACBL 3116
	 	 	614201	 	 	 	4201	 
	 	1220	 	 	CHEM 706
	 	 	1214201	 	 	 	4201	 
	 	1221	 	 	CHEM 707
	 	 	1214202	 	 	 	4202	 
	 	1222	 	 	ACBL 3118
	 	 	614203	 	 	 	4203	 
	 	1223	 	 	CHEM 708
	 	 	1214203	 	 	 	4203	 
	 	1224	 	 	CHEM 709
	 	 	1214204	 	 	 	4204	 
	 	1225	 	 	CHEM 710
	 	 	1214205	 	 	 	4205	 
	 	1226	 	 	ACBL 3121
	 	 	614206	 	 	 	4206	 
	 	1227	 	 	CHEM 711
	 	 	1214206	 	 	 	4206	 
	 	1228	 	 	ACBL 3122
	 	 	614207	 	 	 	4207	 
	 	1229	 	 	ACBL 3123
	 	 	614208	 	 	 	4208	 
	 	1230	 	 	ACBL 3124
	 	 	614209	 	 	 	4209	 
	 	1231	 	 	VL 8169
	 	 	634217	 	 	 	4217	 
	 	1232	 	 	VL 8177
	 	 	634225	 	 	 	4225	 
	 	1233	 	 	VL 8179
	 	 	634227	 	 	 	4227	 
	 	1234	 	 	VL 8180
	 	 	634228	 	 	 	4228	 
	 	1235	 	 	VL 8184
	 	 	634232	 	 	 	4232	 
	 	1236	 	 	VL 8189
	 	 	634237	 	 	 	4237	 
	 	1237	 	 	VL 8191
	 	 	634239	 	 	 	4239	 
	 	1238	 	 	VL 8194
	 	 	634242	 	 	 	4242	 
	 	1239	 	 	VL 81400
	 	 	634243	 	 	 	4243	 
	 	1240	 	 	VL 81401
	 	 	634244	 	 	 	4244	 
	 	1241	 	 	VL 81402
	 	 	634245	 	 	 	4245	 
	 	1242	 	 	VL 81403
	 	 	634246	 	 	 	4246	 
	 	1243	 	 	VL 81404
	 	 	634247	 	 	 	4247	 
	 	1244	 	 	VL 81405
	 	 	634248	 	 	 	4248	 
	 	1245	 	 	VL 81406
	 	 	634249	 	 	 	4249	 
	 	1246	 	 	VL 81408
	 	 	634251	 	 	 	4251	 
	 	1247	 	 	VL 81410
	 	 	634253	 	 	 	4253	 
	 	1248	 	 	VL 81411
	 	 	634254	 	 	 	4254	 
	 	1249	 	 	VL 81413
	 	 	634256	 	 	 	4256	 
	 	1250	 	 	VL 81414
	 	 	634257	 	 	 	4257	 
	 	1251	 	 	VL 81415
	 	 	634258	 	 	 	4258	 
	 	1252	 	 	VL 81416
	 	 	634259	 	 	 	4259	 
	 	1253	 	 	VL 81417
	 	 	634260	 	 	 	4260	 
	 	1254	 	 	VL 81418
	 	 	634261	 	 	 	4261	 
	 	1255	 	 	VL 81419
	 	 	634262	 	 	 	4262	 
	 	1256	 	 	VL 81420
	 	 	634263	 	 	 	4263	 
	 	1257	 	 	VL 81422
	 	 	634265	 	 	 	4265	 
	 	1258	 	 	VL 81423
	 	 	634266	 	 	 	4266	 
	 	1259	 	 	VL 81424
	 	 	634267	 	 	 	4267	 
	 	1260	 	 	VL 81425
	 	 	634268	 	 	 	4268	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 30 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	1261	 	 	VL 81426
	 	 	634269	 	 	 	4269	 
	 	1262	 	 	VL 81427
	 	 	634270	 	 	 	4270	 
	 	1263	 	 	VL 81428
	 	 	634271	 	 	 	4271	 
	 	1264	 	 	VL 81429
	 	 	634272	 	 	 	4272	 
	 	1265	 	 	ABC 307
	 	 	594274	 	 	 	4274	 
	 	1266	 	 	VL 81281
	 	 	634274	 	 	 	4274	 
	 	1267	 	 	VL 81282
	 	 	634275	 	 	 	4275	 
	 	1268	 	 	ABC 310
	 	 	594277	 	 	 	4277	 
	 	1269	 	 	VL 81284
	 	 	634277	 	 	 	4277	 
	 	1270	 	 	VL 81285
	 	 	634278	 	 	 	4278	 
	 	1271	 	 	VL 81286
	 	 	634279	 	 	 	4279	 
	 	1272	 	 	VL 81288
	 	 	634281	 	 	 	4281	 
	 	1273	 	 	VL 81289
	 	 	634282	 	 	 	4282	 
	 	1274	 	 	VL 81291
	 	 	634284	 	 	 	4284	 
	 	1275	 	 	VL 81292
	 	 	634285	 	 	 	4285	 
	 	1276	 	 	VL 81293
	 	 	634286	 	 	 	4286	 
	 	1277	 	 	VL 81294
	 	 	634287	 	 	 	4287	 
	 	1278	 	 	VL 81295
	 	 	634288	 	 	 	4288	 
	 	1279	 	 	VL 81296
	 	 	634289	 	 	 	4289	 
	 	1280	 	 	VL 81298
	 	 	634291	 	 	 	4291	 
	 	1281	 	 	VL 81430
	 	 	634293	 	 	 	4293	 
	 	1282	 	 	VL 81431
	 	 	634294	 	 	 	4294	 
	 	1283	 	 	VL 81432
	 	 	634295	 	 	 	4295	 
	 	1284	 	 	VL 81433
	 	 	634296	 	 	 	4296	 
	 	1285	 	 	VL 81434
	 	 	634297	 	 	 	4297	 
	 	1286	 	 	VL 81435
	 	 	634298	 	 	 	4298	 
	 	1287	 	 	VL 81436
	 	 	634299	 	 	 	4299	 
	 	1288	 	 	VL 81437
	 	 	634300	 	 	 	4300	 
	 	1289	 	 	VL 81438
	 	 	634301	 	 	 	4301	 
	 	1290	 	 	VL 81439
	 	 	634302	 	 	 	4302	 
	 	1291	 	 	VL 81440
	 	 	634303	 	 	 	4303	 
	 	1292	 	 	VL 81441
	 	 	634304	 	 	 	4304	 
	 	1293	 	 	VL 81442
	 	 	634305	 	 	 	4305	 
	 	1294	 	 	VL 81443
	 	 	634306	 	 	 	4306	 
	 	1295	 	 	VL 81444
	 	 	634307	 	 	 	4307	 
	 	1296	 	 	HINES 409B
	 	 	544347	 	 	 	4347	 
	 	1297	 	 	EU-5
	 	 	524352	 	 	 	4352	 
	 	1298	 	 	VLX 7645
	 	 	554398	 	 	 	4398	 
	 	1299	 	 	VLX 7647
	 	 	554401	 	 	 	4401	 
	 	1300	 	 	ACBL 4306
	 	 	624403	 	 	 	4403	 
	 	1301	 	 	TTBL 4002
	 	 	594435	 	 	 	4435	 
	 	1302	 	 	TTBL 4003
	 	 	594436	 	 	 	4436	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 31 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	1303	 	 	VLX 7554
	 	 	564454	 	 	 	4454	 
	 	1304	 	 	VLX 7555
	 	 	564455	 	 	 	4455	 
	 	1305	 	 	VLX 7563
	 	 	564463	 	 	 	4463	 
	 	1306	 	 	ACBL 221
	 	 	644469	 	 	 	4469	 
	 	1307	 	 	ACBL 222
	 	 	644470	 	 	 	4470	 
	 	1308	 	 	VLX 7570
	 	 	564470	 	 	 	4470	 
	 	1309	 	 	ACBL 223
	 	 	644471	 	 	 	4471	 
	 	1310	 	 	VLX 7571
	 	 	564471	 	 	 	4471	 
	 	1311	 	 	ACBL 224
	 	 	644472	 	 	 	4472	 
	 	1312	 	 	ACBL 225
	 	 	644473	 	 	 	4473	 
	 	1313	 	 	ACBL 226
	 	 	644474	 	 	 	4474	 
	 	1314	 	 	VLX 7574
	 	 	564474	 	 	 	4474	 
	 	1315	 	 	ACBL 227
	 	 	644475	 	 	 	4475	 
	 	1316	 	 	VLX 7575
	 	 	564475	 	 	 	4475	 
	 	1317	 	 	ACBL 228
	 	 	644476	 	 	 	4476	 
	 	1318	 	 	ACBL 229
	 	 	644477	 	 	 	4477	 
	 	1319	 	 	ACBL 355X
	 	 	644478	 	 	 	4478	 
	 	1320	 	 	CHEM 146
	 	 	594478	 	 	 	4478	 
	 	1321	 	 	ACBL 356X
	 	 	644479	 	 	 	4479	 
	 	1322	 	 	ACBL 298
	 	 	1064480	 	 	 	4480	 
	 	1323	 	 	ACBL 357X
	 	 	644480	 	 	 	4480	 
	 	1324	 	 	ACBL 358X
	 	 	644481	 	 	 	4481	 
	 	1325	 	 	ACBL 359X
	 	 	644482	 	 	 	4482	 
	 	1326	 	 	ACBL 360X
	 	 	644483	 	 	 	4483	 
	 	1327	 	 	ACBL 361X
	 	 	644484	 	 	 	4484	 
	 	1328	 	 	ACBL 362X
	 	 	644485	 	 	 	4485	 
	 	1329	 	 	ACBL 363X
	 	 	644486	 	 	 	4486	 
	 	1330	 	 	ACBL 364X
	 	 	644487	 	 	 	4487	 
	 	1331	 	 	CHEM 110
	 	 	584490	 	 	 	4490	 
	 	1332	 	 	CHEM 111
	 	 	584491	 	 	 	4491	 
	 	1333	 	 	SER 105 B
	 	 	544491	 	 	 	4491	 
	 	1334	 	 	CHEM 113
	 	 	584493	 	 	 	4493	 
	 	1335	 	 	SER 107 B
	 	 	544493	 	 	 	4493	 
	 	1336	 	 	CHEM 114
	 	 	584494	 	 	 	4494	 
	 	1337	 	 	SER 108 B
	 	 	544494	 	 	 	4494	 
	 	1338	 	 	CHEM 115
	 	 	584495	 	 	 	4495	 
	 	1339	 	 	CHEM 116
	 	 	584496	 	 	 	4496	 
	 	1340	 	 	SER 110 B
	 	 	544496	 	 	 	4496	 
	 	1341	 	 	CHEM 117
	 	 	584497	 	 	 	4497	 
	 	1342	 	 	CHEM 118
	 	 	584498	 	 	 	4498	 
	 	1343	 	 	CHEM 119
	 	 	584499	 	 	 	4499	 
	 	1344	 	 	SER 114 B
	 	 	544500	 	 	 	4500	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 32 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	1345	 	 	ACBL 3081
	 	 	584501	 	 	 	4501	 
	 	1346	 	 	ACBL 3084
	 	 	584504	 	 	 	4504	 
	 	1347	 	 	ACBL 3085
	 	 	584505	 	 	 	4505	 
	 	1348	 	 	ACBL 3086
	 	 	584506	 	 	 	4506	 
	 	1349	 	 	ACBL 3087
	 	 	584507	 	 	 	4507	 
	 	1350	 	 	FER 121 B
	 	 	544507	 	 	 	4507	 
	 	1351	 	 	ACBL 3089
	 	 	584509	 	 	 	4509	 
	 	1352	 	 	FER 123 B
	 	 	544509	 	 	 	4509	 
	 	1353	 	 	ACBL 3090
	 	 	584510	 	 	 	4510	 
	 	1354	 	 	ACBL 3091
	 	 	584511	 	 	 	4511	 
	 	1355	 	 	CC 64
	 	 	594511	 	 	 	4511	 
	 	1356	 	 	ACBL 3092
	 	 	584512	 	 	 	4512	 
	 	1357	 	 	CC 65
	 	 	594512	 	 	 	4512	 
	 	1358	 	 	ACBL 3093
	 	 	584513	 	 	 	4513	 
	 	1359	 	 	ACBL 2071
	 	 	634514	 	 	 	4514	 
	 	1360	 	 	ACBL 301
	 	 	634515	 	 	 	4515	 
	 	1361	 	 	CC 68
	 	 	594515	 	 	 	4515	 
	 	1362	 	 	ACBL 302
	 	 	634516	 	 	 	4516	 
	 	1363	 	 	SER 130 B
	 	 	544516	 	 	 	4516	 
	 	1364	 	 	ACBL 303
	 	 	634517	 	 	 	4517	 
	 	1365	 	 	ACBL 304
	 	 	634518	 	 	 	4518	 
	 	1366	 	 	SER 133 B
	 	 	544519	 	 	 	4519	 
	 	1367	 	 	ACBL 306
	 	 	634520	 	 	 	4520	 
	 	1368	 	 	SER 134 B
	 	 	544520	 	 	 	4520	 
	 	1369	 	 	ACBL 2072
	 	 	634521	 	 	 	4521	 
	 	1370	 	 	ACBL 308
	 	 	634522	 	 	 	4522	 
	 	1371	 	 	CC 75
	 	 	594522	 	 	 	4522	 
	 	1372	 	 	ACBL 309
	 	 	634523	 	 	 	4523	 
	 	1373	 	 	CC 76
	 	 	594523	 	 	 	4523	 
	 	1374	 	 	ACBL 311
	 	 	634525	 	 	 	4525	 
	 	1375	 	 	SER 139 B
	 	 	544525	 	 	 	4525	 
	 	1376	 	 	ACBL 312
	 	 	634526	 	 	 	4526	 
	 	1377	 	 	SER 141 B
	 	 	544527	 	 	 	4527	 
	 	1378	 	 	ACBL 314
	 	 	634528	 	 	 	4528	 
	 	1379	 	 	ACBL 315
	 	 	634529	 	 	 	4529	 
	 	1380	 	 	ACBL 316
	 	 	634530	 	 	 	4530	 
	 	1381	 	 	SER 149
	 	 	544535	 	 	 	4535	 
	 	1382	 	 	ACBL 4076
	 	 	594563	 	 	 	4563	 
	 	1383	 	 	CGB 260B
	 	 	594588	 	 	 	4588	 
	 	1384	 	 	922
	 	 	524632	 	 	 	4632	 
	 	1385	 	 	ACBL 4307
	 	 	624665	 	 	 	4665	 
	 	1386	 	 	ABC 401B
	 	 	594700	 	 	 	4700	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 33 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	1387	 	 	ABC 405B
	 	 	594704	 	 	 	4704	 
	 	1388	 	 	ABC 406B
	 	 	594705	 	 	 	4705	 
	 	1389	 	 	ABC 410B
	 	 	594709	 	 	 	4709	 
	 	1390	 	 	ABC 412B
	 	 	594711	 	 	 	4711	 
	 	1391	 	 	ABC 413B
	 	 	594712	 	 	 	4712	 
	 	1392	 	 	ABC 414B
	 	 	594713	 	 	 	4713	 
	 	1393	 	 	ABC 416B
	 	 	594715	 	 	 	4715	 
	 	1394	 	 	ACBL 1467
	 	 	974717	 	 	 	4717	 
	 	1395	 	 	ACBL 1469
	 	 	974719	 	 	 	4719	 
	 	1396	 	 	ACBL 1471
	 	 	974721	 	 	 	4721	 
	 	1397	 	 	ABC 423B
	 	 	594722	 	 	 	4722	 
	 	1398	 	 	ABC 424B
	 	 	594723	 	 	 	4723	 
	 	1399	 	 	ABC 426B
	 	 	594725	 	 	 	4725	 
	 	1400	 	 	ABC 427B
	 	 	594726	 	 	 	4726	 
	 	1401	 	 	ACBL 4331
	 	 	614727	 	 	 	4727	 
	 	1402	 	 	ACBL 4334
	 	 	614728	 	 	 	4728	 
	 	1403	 	 	ACBL 4335
	 	 	614729	 	 	 	4729	 
	 	1404	 	 	CHEM 90
	 	 	514788	 	 	 	4788	 
	 	1405	 	 	CHEM 91
	 	 	514789	 	 	 	4789	 
	 	1406	 	 	910
	 	 	504804	 	 	 	4804	 
	 	1407	 	 	ACBL 1405
	 	 	634843	 	 	 	4843	 
	 	1408	 	 	ACBL 1408
	 	 	634846	 	 	 	4846	 
	 	1409	 	 	ACBL 1409
	 	 	634847	 	 	 	4847	 
	 	1410	 	 	ACBL 1410
	 	 	634848	 	 	 	4848	 
	 	1411	 	 	ACBL 1411
	 	 	634849	 	 	 	4849	 
	 	1412	 	 	ACBL 1412
	 	 	634850	 	 	 	4850	 
	 	1413	 	 	ACBL 1414
	 	 	634852	 	 	 	4852	 
	 	1414	 	 	ACBL 4350
	 	 	624891	 	 	 	4891	 
	 	1415	 	 	TTBL 4108
	 	 	634948	 	 	 	4948	 
	 	1416	 	 	TTBL 4110
	 	 	634950	 	 	 	4950	 
	 	1417	 	 	TTBL 4111
	 	 	634951	 	 	 	4951	 
	 	1418	 	 	TTBL 4112
	 	 	634952	 	 	 	4952	 
	 	1419	 	 	TTBL 4113
	 	 	634953	 	 	 	4953	 
	 	1420	 	 	TTBL 4114
	 	 	634954	 	 	 	4954	 
	 	1421	 	 	TTBL 4109
	 	 	634955	 	 	 	4955	 
	 	1422	 	 	TTBL 4116
	 	 	634956	 	 	 	4956	 
	 	1423	 	 	TTBL 4117
	 	 	634957	 	 	 	4957	 
	 	1424	 	 	TTBL 4118
	 	 	634958	 	 	 	4958	 
	 	1425	 	 	TTBL 4115
	 	 	634960	 	 	 	4960	 
	 	1426	 	 	SCNO 8001
	 	 	615015	 	 	 	5015	 
	 	1427	 	 	SCNO 8002
	 	 	615016	 	 	 	5016	 
	 	1428	 	 	SCNO 8003
	 	 	615017	 	 	 	5017	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 34 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	1429	 	 	SCNO 8004
	 	 	615018	 	 	 	5018	 
	 	1430	 	 	SCNO 8005
	 	 	615019	 	 	 	5019	 
	 	1431	 	 	SCNO 8006
	 	 	615020	 	 	 	5020	 
	 	1432	 	 	SCNO 8007
	 	 	615021	 	 	 	5021	 
	 	1433	 	 	SCNO 8008
	 	 	615022	 	 	 	5022	 
	 	1434	 	 	SCNO 8009
	 	 	615023	 	 	 	5023	 
	 	1435	 	 	SCNO 8010
	 	 	615024	 	 	 	5024	 
	 	1436	 	 	SCNO 8011
	 	 	615025	 	 	 	5025	 
	 	1437	 	 	SCNO 8012
	 	 	615026	 	 	 	5026	 
	 	1438	 	 	SCNO 8013
	 	 	615027	 	 	 	5027	 
	 	1439	 	 	SCNO 8014
	 	 	615028	 	 	 	5028	 
	 	1440	 	 	SCNO 8015
	 	 	615029	 	 	 	5029	 
	 	1441	 	 	SCNO 8016
	 	 	615030	 	 	 	5030	 
	 	1442	 	 	SCNO 8018
	 	 	615032	 	 	 	5032	 
	 	1443	 	 	SCNO 8019
	 	 	615033	 	 	 	5033	 
	 	1444	 	 	SCNO 8020
	 	 	615034	 	 	 	5034	 
	 	1445	 	 	SCNO 8021
	 	 	615035	 	 	 	5035	 
	 	1446	 	 	SCNO 8022
	 	 	615036	 	 	 	5036	 
	 	1447	 	 	SCNO 8023
	 	 	615037	 	 	 	5037	 
	 	1448	 	 	SCNO 8024
	 	 	615038	 	 	 	5038	 
	 	1449	 	 	SCNO 8026
	 	 	615040	 	 	 	5040	 
	 	1450	 	 	SCNO 8027
	 	 	615041	 	 	 	5041	 
	 	1451	 	 	SCNO 8028
	 	 	615042	 	 	 	5042	 
	 	1452	 	 	SCNO 8030
	 	 	615044	 	 	 	5044	 
	 	1453	 	 	SCNO 8031
	 	 	615045	 	 	 	5045	 
	 	1454	 	 	SCNO 8032
	 	 	615046	 	 	 	5046	 
	 	1455	 	 	SCNO 8034
	 	 	615048	 	 	 	5048	 
	 	1456	 	 	SCNO 8037
	 	 	615051	 	 	 	5051	 
	 	1457	 	 	SCNO 8038
	 	 	615052	 	 	 	5052	 
	 	1458	 	 	SCNO 8041
	 	 	615055	 	 	 	5055	 
	 	1459	 	 	SCNO 8043
	 	 	615057	 	 	 	5057	 
	 	1460	 	 	SCNO 8044
	 	 	615058	 	 	 	5058	 
	 	1461	 	 	SCNO 8045
	 	 	615059	 	 	 	5059	 
	 	1462	 	 	SCNO 8047
	 	 	615061	 	 	 	5061	 
	 	1463	 	 	SCNO 8050
	 	 	615064	 	 	 	5064	 
	 	1464	 	 	HINES 428
	 	 	595095	 	 	 	5095	 
	 	1465	 	 	ACL 99000
	 	 	1075101	 	 	 	5101	 
	 	1466	 	 	ACL 99001
	 	 	1075103	 	 	 	5103	 
	 	1467	 	 	ACL 99002
	 	 	1075104	 	 	 	5104	 
	 	1468	 	 	ACL 99003
	 	 	1075105	 	 	 	5105	 
	 	1469	 	 	ACL 99004
	 	 	1075106	 	 	 	5106	 
	 	1470	 	 	ACL 99005
	 	 	1075108	 	 	 	5108	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 35 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	1471	 	 	CHEM l00
	 	 	555108	 	 	 	5108	 
	 	1472	 	 	ACL 99006
	 	 	1075109	 	 	 	5109	 
	 	1473	 	 	CHEM 101
	 	 	555109	 	 	 	5109	 
	 	1474	 	 	DM 974
	 	 	595109	 	 	 	5109	 
	 	1475	 	 	CHEM 103
	 	 	555111	 	 	 	5111	 
	 	1476	 	 	ACL 99007
	 	 	1075112	 	 	 	5112	 
	 	1477	 	 	CHEM 104
	 	 	555112	 	 	 	5112	 
	 	1478	 	 	ACL 99008
	 	 	1075113	 	 	 	5113	 
	 	1479	 	 	CHEM 105
	 	 	555113	 	 	 	5113	 
	 	1480	 	 	ACL 99009
	 	 	1075114	 	 	 	5114	 
	 	1481	 	 	CHEM 107
	 	 	555115	 	 	 	5115	 
	 	1482	 	 	ACL 99010
	 	 	1075115	 	 	 	5115	 
	 	1483	 	 	ACL 99011
	 	 	1075116	 	 	 	5116	 
	 	1484	 	 	CHEM 109
	 	 	555117	 	 	 	5117	 
	 	1485	 	 	ACL 99012
	 	 	1075117	 	 	 	5117	 
	 	1486	 	 	ACL 99013
	 	 	1075118	 	 	 	5118	 
	 	1487	 	 	ACL 99014
	 	 	1075120	 	 	 	5120	 
	 	1488	 	 	ACL 99016
	 	 	1075121	 	 	 	5121	 
	 	1489	 	 	ACL 99015
	 	 	1075122	 	 	 	5122	 
	 	1490	 	 	ACBL 3275
	 	 	965123	 	 	 	5123	 
	 	1491	 	 	ACL 99017
	 	 	1075123	 	 	 	5123	 
	 	1492	 	 	ACBL 3276
	 	 	965124	 	 	 	5124	 
	 	1493	 	 	ACL 99018
	 	 	1075124	 	 	 	5124	 
	 	1494	 	 	ACBL 3277
	 	 	965125	 	 	 	5125	 
	 	1495	 	 	CHEM 266
	 	 	1085125	 	 	 	5125	 
	 	1496	 	 	ACL 99019
	 	 	1075125	 	 	 	5125	 
	 	1497	 	 	ACBL 3278
	 	 	965126	 	 	 	5126	 
	 	1498	 	 	CHEM 267
	 	 	1085126	 	 	 	5126	 
	 	1499	 	 	ACBL 3279
	 	 	965127	 	 	 	5127	 
	 	1500	 	 	ACBL 3280
	 	 	965128	 	 	 	5128	 
	 	1501	 	 	ACBL 3282
	 	 	965130	 	 	 	5130	 
	 	1502	 	 	ACBL 3283
	 	 	965131	 	 	 	5131	 
	 	1503	 	 	ACBL 3284
	 	 	965132	 	 	 	5132	 
	 	1504	 	 	CHEM 268
	 	 	1085133	 	 	 	5133	 
	 	1505	 	 	ACBL 3286
	 	 	965134	 	 	 	5134	 
	 	1506	 	 	CHEM 269
	 	 	1085134	 	 	 	5134	 
	 	1507	 	 	ACBL 3287
	 	 	965135	 	 	 	5135	 
	 	1508	 	 	ACBL 3291
	 	 	965138	 	 	 	5138	 
	 	1509	 	 	ACBL 3292
	 	 	965140	 	 	 	5140	 
	 	1510	 	 	ACBL 3295
	 	 	965143	 	 	 	5143	 
	 	1511	 	 	ACBL 3296
	 	 	965144	 	 	 	5144	 
	 	1512	 	 	ACBL 3297
	 	 	965145	 	 	 	5145	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 36 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	1513	 	 	ACBL 3299
	 	 	965147	 	 	 	5147	 
	 	1514	 	 	ACBL 3302
	 	 	965150	 	 	 	5150	 
	 	1515	 	 	ACBL 3303
	 	 	965151	 	 	 	5151	 
	 	1516	 	 	ACBL 3304
	 	 	965152	 	 	 	5152	 
	 	1517	 	 	ACBL 4073
	 	 	615230	 	 	 	5230	 
	 	1518	 	 	HINES 435B
	 	 	955272	 	 	 	5272	 
	 	1519	 	 	HINES 423B
	 	 	955273	 	 	 	5273	 
	 	1520	 	 	HINES 442
	 	 	955274	 	 	 	5274	 
	 	1521	 	 	HINES 440
	 	 	955275	 	 	 	5275	 
	 	1522	 	 	ACBL 2880
	 	 	555287	 	 	 	5287	 
	 	1523	 	 	ACBL 2892
	 	 	565396	 	 	 	5396	 
	 	1524	 	 	ACBL 2894
	 	 	565398	 	 	 	5398	 
	 	1525	 	 	ACBL 2895
	 	 	565399	 	 	 	5399	 
	 	1526	 	 	ACBL 2898
	 	 	565402	 	 	 	5402	 
	 	1527	 	 	ACBL 2899
	 	 	565403	 	 	 	5403	 
	 	1528	 	 	944
	 	 	555404	 	 	 	5404	 
	 	1529	 	 	945
	 	 	555405	 	 	 	5405	 
	 	1530	 	 	946
	 	 	555406	 	 	 	5406	 
	 	1531	 	 	947
	 	 	555407	 	 	 	5407	 
	 	1532	 	 	948
	 	 	555408	 	 	 	5408	 
	 	1533	 	 	949
	 	 	555409	 	 	 	5409	 
	 	1534	 	 	950
	 	 	555410	 	 	 	5410	 
	 	1535	 	 	ACBL 2906
	 	 	565410	 	 	 	5410	 
	 	1536	 	 	951
	 	 	555411	 	 	 	5411	 
	 	1537	 	 	952
	 	 	555412	 	 	 	5412	 
	 	1538	 	 	953
	 	 	555413	 	 	 	5413	 
	 	1539	 	 	ACBL 2909
	 	 	565413	 	 	 	5413	 
	 	1540	 	 	ACBL 2943
	 	 	575463	 	 	 	5463	 
	 	1541	 	 	ACBL 2944
	 	 	575464	 	 	 	5464	 
	 	1542	 	 	1402
	 	 	295467	 	 	 	5467	 
	 	1543	 	 	ACBL 2954
	 	 	575474	 	 	 	5474	 
	 	1544	 	 	ACBL 2959
	 	 	575479	 	 	 	5479	 
	 	1545	 	 	ACBL 2966
	 	 	575486	 	 	 	5486	 
	 	1546	 	 	VLX 7357
	 	 	545517	 	 	 	5517	 
	 	1547	 	 	VLX 7360
	 	 	545520	 	 	 	5520	 
	 	1548	 	 	CHEM 186
	 	 	1075531	 	 	 	5531	 
	 	1549	 	 	CHEM 187
	 	 	1075532	 	 	 	5532	 
	 	1550	 	 	VLX 7373
	 	 	545533	 	 	 	5533	 
	 	1551	 	 	ACBL 2764
	 	 	535534	 	 	 	5534	 
	 	1552	 	 	ACBL 2770
	 	 	535540	 	 	 	5540	 
	 	1553	 	 	VLBX 7381
	 	 	545541	 	 	 	5541	 
	 	1554	 	 	VLBX 7384
	 	 	545544	 	 	 	5544	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 37 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	1555	 	 	VLBX 7388
	 	 	545548	 	 	 	5548	 
	 	1556	 	 	VLBX 7389
	 	 	545549	 	 	 	5549	 
	 	1557	 	 	VLBX 7391
	 	 	545551	 	 	 	5551	 
	 	1558	 	 	VLBX 7393
	 	 	545553	 	 	 	5553	 
	 	1559	 	 	VLBX 7394
	 	 	545554	 	 	 	5554	 
	 	1560	 	 	RF 501 B
	 	 	585567	 	 	 	5567	 
	 	1561	 	 	H 131 B
	 	 	585573	 	 	 	5573	 
	 	1562	 	 	913
	 	 	515575	 	 	 	5575	 
	 	1563	 	 	CHEM 715
	 	 	1215576	 	 	 	5576	 
	 	1564	 	 	CHEM 264
	 	 	1075610	 	 	 	5610	 
	 	1565	 	 	CHEM 265
	 	 	1075611	 	 	 	5611	 
	 	1566	 	 	CHEM 177
	 	 	1055619	 	 	 	5619	 
	 	1567	 	 	HINES 438
	 	 	675628	 	 	 	5628	 
	 	1568	 	 	ACBL 1310
	 	 	545680	 	 	 	5680	 
	 	1569	 	 	ACBL 1313
	 	 	545683	 	 	 	5683	 
	 	1570	 	 	ACBL 1315
	 	 	545685	 	 	 	5685	 
	 	1571	 	 	ACBL 1320
	 	 	545690	 	 	 	5690	 
	 	1572	 	 	ACBL 1323
	 	 	545693	 	 	 	5693	 
	 	1573	 	 	ACBL 1326
	 	 	545696	 	 	 	5696	 
	 	1574	 	 	ACBL 1328
	 	 	545698	 	 	 	5698	 
	 	1575	 	 	ACBL 1330
	 	 	545700	 	 	 	5700	 
	 	1576	 	 	CHEM 40
	 	 	295716	 	 	 	5716	 
	 	1577	 	 	ACBL 1742
	 	 	535752	 	 	 	5752	 
	 	1578	 	 	ACBL 1748
	 	 	535758	 	 	 	5758	 
	 	1579	 	 	ACBL 1753
	 	 	535763	 	 	 	5763	 
	 	1580	 	 	ACBL 1754
	 	 	535764	 	 	 	5764	 
	 	1581	 	 	ACBL 4146
	 	 	605768	 	 	 	5768	 
	 	1582	 	 	ACBL 1762
	 	 	535772	 	 	 	5772	 
	 	1583	 	 	NMS NO. 1402
	 	 	545773	 	 	 	5773	 
	 	1584	 	 	VLB 7061
	 	 	525781	 	 	 	5781	 
	 	1585	 	 	VL 7601
	 	 	575791	 	 	 	5791	 
	 	1586	 	 	VL 7617
	 	 	575808	 	 	 	5808	 
	 	1587	 	 	CHEM 135
	 	 	615836	 	 	 	5836	 
	 	1588	 	 	ACBL 4249
	 	 	585842	 	 	 	5842	 
	 	1589	 	 	CHEM 225
	 	 	655924	 	 	 	5924	 
	 	1590	 	 	CHEM 226
	 	 	655925	 	 	 	5925	 
	 	1591	 	 	CHEM 227
	 	 	655926	 	 	 	5926	 
	 	1592	 	 	CHEM 228
	 	 	655927	 	 	 	5927	 
	 	1593	 	 	CHEM 229
	 	 	655928	 	 	 	5928	 
	 	1594	 	 	CHEM 230
	 	 	655929	 	 	 	5929	 
	 	1595	 	 	CHEM 231
	 	 	655930	 	 	 	5930	 
	 	1596	 	 	CHEM 232
	 	 	655931	 	 	 	5931	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 38 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	1597	 	 	CHEM 233
	 	 	655932	 	 	 	5932	 
	 	1598	 	 	CHEM 234
	 	 	655933	 	 	 	5933	 
	 	1599	 	 	CHEM 235
	 	 	655934	 	 	 	5934	 
	 	1600	 	 	CHEM 236
	 	 	655935	 	 	 	5935	 
	 	1601	 	 	CHEM 237
	 	 	655936	 	 	 	5936	 
	 	1602	 	 	CHEM 238
	 	 	655937	 	 	 	5937	 
	 	1603	 	 	CHEM 239
	 	 	655938	 	 	 	5938	 
	 	1604	 	 	WTT 401B
	 	 	635959	 	 	 	5959	 
	 	1605	 	 	WTT 402B
	 	 	635960	 	 	 	5960	 
	 	1606	 	 	WTT 403B
	 	 	635961	 	 	 	5961	 
	 	1607	 	 	WTT 404B
	 	 	635962	 	 	 	5962	 
	 	1608	 	 	WTT 406B
	 	 	635964	 	 	 	5964	 
	 	1609	 	 	NMS NO. 1450
	 	 	545965	 	 	 	5965	 
	 	1610	 	 	WTT 407B
	 	 	635965	 	 	 	5965	 
	 	1611	 	 	NMS NO. 1451
	 	 	545966	 	 	 	5966	 
	 	1612	 	 	WTT 408B
	 	 	635966	 	 	 	5966	 
	 	1613	 	 	N.M.S.No. 1452
	 	 	545967	 	 	 	5967	 
	 	1614	 	 	WTT 409B
	 	 	635967	 	 	 	5967	 
	 	1615	 	 	WTT 410B
	 	 	635968	 	 	 	5968	 
	 	1616	 	 	WTT 411B
	 	 	635969	 	 	 	5969	 
	 	1617	 	 	WIT 412B
	 	 	635970	 	 	 	5970	 
	 	1618	 	 	WIT 413B
	 	 	635971	 	 	 	5971	 
	 	1619	 	 	WTT 415B
	 	 	635973	 	 	 	5973	 
	 	1620	 	 	WTT 416B
	 	 	635974	 	 	 	5974	 
	 	1621	 	 	WTT 417B
	 	 	635975	 	 	 	5975	 
	 	1622	 	 	WIT 418B
	 	 	635976	 	 	 	5976	 
	 	1623	 	 	WIT 419B
	 	 	635977	 	 	 	5977	 
	 	1624	 	 	WTT 420B
	 	 	635978	 	 	 	5978	 
	 	1625	 	 	WTT 421B
	 	 	635979	 	 	 	5979	 
	 	1626	 	 	WTT 422B
	 	 	635980	 	 	 	5980	 
	 	1627	 	 	WTT 423B
	 	 	635981	 	 	 	5981	 
	 	1628	 	 	WTT 424B
	 	 	635982	 	 	 	5982	 
	 	1629	 	 	WTT 425B
	 	 	635983	 	 	 	5983	 
	 	1630	 	 	ACBL 2034
	 	 	595987	 	 	 	5987	 
	 	1631	 	 	ACBL 2039
	 	 	595992	 	 	 	5992	 
	 	1632	 	 	ACBL 2041
	 	 	595994	 	 	 	5994	 
	 	1633	 	 	ACBL 2044
	 	 	595997	 	 	 	5997	 
	 	1634	 	 	ACBL 2047
	 	 	596000	 	 	 	6000	 
	 	1635	 	 	ACBL 2048
	 	 	596001	 	 	 	6001	 
	 	1636	 	 	ACBL 2051
	 	 	596004	 	 	 	6004	 
	 	1637	 	 	ACBL 2052
	 	 	596005	 	 	 	6005	 
	 	1638	 	 	ACBL 2059
	 	 	596012	 	 	 	6012	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 39 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	1639	 	 	ACBL 2068
	 	 	596021	 	 	 	6021	 
	 	1640	 	 	928
	 	 	546054	 	 	 	6054	 
	 	1641	 	 	930
	 	 	546056	 	 	 	6056	 
	 	1642	 	 	CHEM 60
	 	 	296070	 	 	 	6070	 
	 	1643	 	 	MAC 238 B
	 	 	626080	 	 	 	6080	 
	 	1644	 	 	MAC 240 B
	 	 	626082	 	 	 	6082	 
	 	1645	 	 	CHEM 273
	 	 	1086090	 	 	 	6090	 
	 	1646	 	 	CHEM 272
	 	 	1086091	 	 	 	6091	 
	 	1647	 	 	CHEM 271
	 	 	1086092	 	 	 	6092	 
	 	1648	 	 	CHEM 270
	 	 	1086093	 	 	 	6093	 
	 	1649	 	 	CHEM 167
	 	 	1026139	 	 	 	6139	 
	 	1650	 	 	CHEM 168
	 	 	1026140	 	 	 	6140	 
	 	1651	 	 	CHEM 169
	 	 	1026141	 	 	 	6141	 
	 	1652	 	 	CHEM 170
	 	 	1026142	 	 	 	6142	 
	 	1653	 	 	CHEM 171
	 	 	1026143	 	 	 	6143	 
	 	1654	 	 	CHEM 62
	 	 	296172	 	 	 	6172	 
	 	1655	 	 	ACBL 1276
	 	 	536206	 	 	 	6206	 
	 	1656	 	 	ACBL 1277
	 	 	536207	 	 	 	6207	 
	 	1657	 	 	ACBL 1284
	 	 	536214	 	 	 	6214	 
	 	1658	 	 	ACBL 1298
	 	 	536228	 	 	 	6228	 
	 	1659	 	 	ACBL 1300
	 	 	536230	 	 	 	6230	 
	 	1660	 	 	DM 957
	 	 	586292	 	 	 	6292	 
	 	1661	 	 	CHEM 1102
	 	 	516306	 	 	 	6306	 
	 	1662	 	 	918
	 	 	516309	 	 	 	6309	 
	 	1663	 	 	919
	 	 	516310	 	 	 	6310	 
	 	1664	 	 	TTM 1B
	 	 	996313	 	 	 	6313	 
	 	1665	 	 	TMR 2B
	 	 	996314	 	 	 	6314	 
	 	1666	 	 	STS 3B
	 	 	996315	 	 	 	6315	 
	 	1667	 	 	JCS 4B
	 	 	996316	 	 	 	6316	 
	 	1668	 	 	WRF 5B
	 	 	996317	 	 	 	6317	 
	 	1669	 	 	TCP 6B
	 	 	996318	 	 	 	6318	 
	 	1670	 	 	SGN 7B
	 	 	996319	 	 	 	6319	 
	 	1671	 	 	TMT 8B
	 	 	996320	 	 	 	6320	 
	 	1672	 	 	JPJ 9B
	 	 	996321	 	 	 	6321	 
	 	1673	 	 	JPW l0B
	 	 	996322	 	 	 	6322	 
	 	1674	 	 	SCNO 1309
	 	 	506322	 	 	 	6322	 
	 	1675	 	 	SCNO 1310
	 	 	506323	 	 	 	6323	 
	 	1676	 	 	WCRS l1B
	 	 	996323	 	 	 	6323	 
	 	1677	 	 	RTS 12B
	 	 	996324	 	 	 	6324	 
	 	1678	 	 	SCNO 1311
	 	 	506324	 	 	 	6324	 
	 	1679	 	 	PMS 13B
	 	 	996325	 	 	 	6325	 
	 	1680	 	 	MMC 14B
	 	 	996326	 	 	 	6326	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 40 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	1681	 	 	RJC 15B
	 	 	996327	 	 	 	6327	 
	 	1682	 	 	DM 976
	 	 	586335	 	 	 	6335	 
	 	1683	 	 	H 107 B
	 	 	576372	 	 	 	6372	 
	 	1684	 	 	ACBL 4077
	 	 	576377	 	 	 	6377	 
	 	1685	 	 	ACBL 1252
	 	 	516410	 	 	 	6410	 
	 	1686	 	 	2602
	 	 	506419	 	 	 	6419	 
	 	1687	 	 	2603
	 	 	506420	 	 	 	6420	 
	 	1688	 	 	2604
	 	 	506421	 	 	 	6421	 
	 	1689	 	 	2606
	 	 	506423	 	 	 	6423	 
	 	1690	 	 	2607
	 	 	506424	 	 	 	6424	 
	 	1691	 	 	2609
	 	 	506426	 	 	 	6426	 
	 	1692	 	 	2610
	 	 	506427	 	 	 	6427	 
	 	1693	 	 	HINES 405B
	 	 	606435	 	 	 	6435	 
	 	1694	 	 	ACBL 2887
	 	 	556479	 	 	 	6479	 
	 	1695	 	 	ACBL 2888
	 	 	556480	 	 	 	6480	 
	 	1696	 	 	SER 302
	 	 	556485	 	 	 	6485	 
	 	1697	 	 	CHEM 136
	 	 	616490	 	 	 	6490	 
	 	1698	 	 	CHEM 137
	 	 	616491	 	 	 	6491	 
	 	1699	 	 	N.M.S. NO. 1476
	 	 	596543	 	 	 	6543	 
	 	1700	 	 	MAC 620
	 	 	626583	 	 	 	6583	 
	 	1701	 	 	ACBL 1850
	 	 	606600	 	 	 	6600	 
	 	1702	 	 	ACBL 1851
	 	 	606601	 	 	 	6601	 
	 	1703	 	 	ACBL 1852
	 	 	606602	 	 	 	6602	 
	 	1704	 	 	MSJ 16B
	 	 	996602	 	 	 	6602	 
	 	1705	 	 	ACBL 1853
	 	 	606603	 	 	 	6603	 
	 	1706	 	 	MSW 17B
	 	 	996603	 	 	 	6603	 
	 	1707	 	 	ACBL 1854
	 	 	606604	 	 	 	6604	 
	 	1708	 	 	ESN 18B
	 	 	996604	 	 	 	6604	 
	 	1709	 	 	ACBL 1855
	 	 	606605	 	 	 	6605	 
	 	1710	 	 	GAM 1913
	 	 	996605	 	 	 	6605	 
	 	1711	 	 	ACBL 1856
	 	 	606606	 	 	 	6606	 
	 	1712	 	 	GML 20B
	 	 	996606	 	 	 	6606	 
	 	1713	 	 	ACBL 1857
	 	 	606607	 	 	 	6607	 
	 	1714	 	 	REF 21B
	 	 	996607	 	 	 	6607	 
	 	1715	 	 	ACBL 1858
	 	 	606608	 	 	 	6608	 
	 	1716	 	 	TFM 22B
	 	 	996608	 	 	 	6608	 
	 	1717	 	 	ACBL 1859
	 	 	606609	 	 	 	6609	 
	 	1718	 	 	GOIU 23B
	 	 	996609	 	 	 	6609	 
	 	1719	 	 	ACBL 3225
	 	 	606610	 	 	 	6610	 
	 	1720	 	 	MOM 24B
	 	 	996610	 	 	 	6610	 
	 	1721	 	 	EJM 25B
	 	 	996611	 	 	 	6611	 
	 	1722	 	 	COB 26B
	 	 	996612	 	 	 	6612	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 41 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	1723	 	 	ACBL 3228
	 	 	606613	 	 	 	6613	 
	 	1724	 	 	TJM 27B
	 	 	996613	 	 	 	6613	 
	 	1725	 	 	BQS 28B
	 	 	996614	 	 	 	6614	 
	 	1726	 	 	ACBL 3230
	 	 	606615	 	 	 	6615	 
	 	1727	 	 	GTFM 29B
	 	 	996615	 	 	 	6615	 
	 	1728	 	 	ACBL 4239
	 	 	616616	 	 	 	6616	 
	 	1729	 	 	GTFM 30B
	 	 	996616	 	 	 	6616	 
	 	1730	 	 	ACBL 3232
	 	 	606617	 	 	 	6617	 
	 	1731	 	 	STFB 31B
	 	 	996617	 	 	 	6617	 
	 	1732	 	 	STFB 32B
	 	 	996618	 	 	 	6618	 
	 	1733	 	 	ACBL 3234
	 	 	606619	 	 	 	6619	 
	 	1734	 	 	STFB 33B
	 	 	996619	 	 	 	6619	 
	 	1735	 	 	STFB 34B
	 	 	996620	 	 	 	6620	 
	 	1736	 	 	STFB 35B
	 	 	996621	 	 	 	6621	 
	 	1737	 	 	STFB 36B
	 	 	996622	 	 	 	6622	 
	 	1738	 	 	STFB 37B
	 	 	996623	 	 	 	6623	 
	 	1739	 	 	STFB 38B
	 	 	996624	 	 	 	6624	 
	 	1740	 	 	STFB 39B
	 	 	996625	 	 	 	6625	 
	 	1741	 	 	STFB 40B
	 	 	996626	 	 	 	6626	 
	 	1742	 	 	ACBL 1704
	 	 	516686	 	 	 	6686	 
	 	1743	 	 	ACBL 1705
	 	 	516687	 	 	 	6687	 
	 	1744	 	 	ACBL 1707
	 	 	516689	 	 	 	6689	 
	 	1745	 	 	ACBL 1710
	 	 	516692	 	 	 	6692	 
	 	1746	 	 	DM 959
	 	 	586739	 	 	 	6739	 
	 	1747	 	 	DM 960
	 	 	586740	 	 	 	6740	 
	 	1748	 	 	DM 961
	 	 	586741	 	 	 	6741	 
	 	1749	 	 	DM 962
	 	 	586742	 	 	 	6742	 
	 	1750	 	 	DM 963
	 	 	586743	 	 	 	6743	 
	 	1751	 	 	SCC 803
	 	 	526753	 	 	 	6753	 
	 	1752	 	 	HINES 410
	 	 	1036763	 	 	 	6763	 
	 	1753	 	 	HINES 412
	 	 	1036764	 	 	 	6764	 
	 	1754	 	 	ACL 9900B
	 	 	1076821	 	 	 	6821	 
	 	1755	 	 	ACL 9901B
	 	 	1076822	 	 	 	6822	 
	 	1756	 	 	ACL 9902B
	 	 	1076823	 	 	 	6823	 
	 	1757	 	 	ACL 9903B
	 	 	1076824	 	 	 	6824	 
	 	1758	 	 	ACL 9904B
	 	 	1076825	 	 	 	6825	 
	 	1759	 	 	ACL 9905B
	 	 	1076826	 	 	 	6826	 
	 	1760	 	 	ACL 9906B
	 	 	1076827	 	 	 	6827	 
	 	1761	 	 	ACL 9907B
	 	 	1076828	 	 	 	6828	 
	 	1762	 	 	ACL 9908B
	 	 	1076829	 	 	 	6829	 
	 	1763	 	 	ACL 9909B
	 	 	1076830	 	 	 	6830	 
	 	1764	 	 	CHEM 180
	 	 	1056836	 	 	 	6836	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 42 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	1765	 	 	VL 7405
	 	 	556882	 	 	 	6882	 
	 	1766	 	 	CHEM 178
	 	 	1056883	 	 	 	6883	 
	 	1767	 	 	ACBL 4081
	 	 	976895	 	 	 	6895	 
	 	1768	 	 	ACBL 4083
	 	 	976899	 	 	 	6899	 
	 	1769	 	 	ACBL 4244
	 	 	976901	 	 	 	6901	 
	 	1770	 	 	HINES 401B
	 	 	986937	 	 	 	6937	 
	 	1771	 	 	N.M.S. No. 1406
	 	 	517008	 	 	 	7008	 
	 	1772	 	 	CHEM 1106
	 	 	517010	 	 	 	7010	 
	 	1773	 	 	CCT 198
	 	 	627013	 	 	 	7013	 
	 	1774	 	 	CCT 199
	 	 	627014	 	 	 	7014	 
	 	1775	 	 	CCT 266
	 	 	627015	 	 	 	7015	 
	 	1776	 	 	SCC 804
	 	 	527016	 	 	 	7016	 
	 	1777	 	 	CCT 269
	 	 	627018	 	 	 	7018	 
	 	1778	 	 	CCT 271
	 	 	627020	 	 	 	7020	 
	 	1779	 	 	CCT 272
	 	 	627021	 	 	 	7021	 
	 	1780	 	 	CCT 273
	 	 	627022	 	 	 	7022	 
	 	1781	 	 	CCT 275
	 	 	627024	 	 	 	7024	 
	 	1782	 	 	CCT 280
	 	 	627029	 	 	 	7029	 
	 	1783	 	 	ACBL 1336
	 	 	547030	 	 	 	7030	 
	 	1784	 	 	ACBL 1339
	 	 	547033	 	 	 	7033	 
	 	1785	 	 	ACBL 1340
	 	 	547034	 	 	 	7034	 
	 	1786	 	 	ACBL 1343
	 	 	547037	 	 	 	7037	 
	 	1787	 	 	ACBL 1347
	 	 	547041	 	 	 	7041	 
	 	1788	 	 	ACBL 1352
	 	 	547046	 	 	 	7046	 
	 	1789	 	 	ACBL 1353
	 	 	547047	 	 	 	7047	 
	 	1790	 	 	ACBL 1355
	 	 	547049	 	 	 	7049	 
	 	1791	 	 	ACBL 2826
	 	 	547053	 	 	 	7053	 
	 	1792	 	 	ACBL 2829
	 	 	547056	 	 	 	7056	 
	 	1793	 	 	ACBL 2836
	 	 	547063	 	 	 	7063	 
	 	1794	 	 	ACBL 2837
	 	 	547064	 	 	 	7064	 
	 	1795	 	 	ACBL 2839
	 	 	547066	 	 	 	7066	 
	 	1796	 	 	ACBL 2840
	 	 	547067	 	 	 	7067	 
	 	1797	 	 	ACBL 2841
	 	 	547068	 	 	 	7068	 
	 	1798	 	 	ACBL 2843
	 	 	547070	 	 	 	7070	 
	 	1799	 	 	SCNO 1328-B
	 	 	597071	 	 	 	7071	 
	 	1800	 	 	GCA 202B
	 	 	577094	 	 	 	7094	 
	 	1801	 	 	CHEM 1300
	 	 	567126	 	 	 	7126	 
	 	1802	 	 	CHEM 1301
	 	 	567127	 	 	 	7127	 
	 	1803	 	 	CHEM 1302
	 	 	567128	 	 	 	7128	 
	 	1804	 	 	N.M.S. NO. 1906
	 	 	567129	 	 	 	7129	 
	 	1805	 	 	N.M.S. NO. 1951
	 	 	567131	 	 	 	7131	 
	 	1806	 	 	N.M.S. NO. 1953
	 	 	567133	 	 	 	7133	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 43 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	1807	 	 	TTBL 4101
	 	 	627179	 	 	 	7179	 
	 	1808	 	 	TTBL 4102
	 	 	627180	 	 	 	7180	 
	 	1809	 	 	TTBL 4103
	 	 	627181	 	 	 	7181	 
	 	1810	 	 	TTBL 4104
	 	 	627182	 	 	 	7182	 
	 	1811	 	 	TTBL 4105
	 	 	627183	 	 	 	7183	 
	 	1812	 	 	TTBL 4106
	 	 	627184	 	 	 	7184	 
	 	1813	 	 	N.M.S. NO. 1477
	 	 	597208	 	 	 	7208	 
	 	1814	 	 	ACBL 1908
	 	 	517228	 	 	 	7228	 
	 	1815	 	 	CHEM 1118
	 	 	597232	 	 	 	7232	 
	 	1816	 	 	LCD 4903
	 	 	527233	 	 	 	7233	 
	 	1817	 	 	N.M.S. NO. 1471
	 	 	597233	 	 	 	7233	 
	 	1818	 	 	CHEM 1119
	 	 	597234	 	 	 	7234	 
	 	1819	 	 	CHEM 1703
	 	 	527234	 	 	 	7234	 
	 	1820	 	 	N.M.S. NO. 1473
	 	 	597235	 	 	 	7235	 
	 	1821	 	 	CHEM 1120
	 	 	597236	 	 	 	7236	 
	 	1822	 	 	N.M.S. NO. 1475
	 	 	597237	 	 	 	7237	 
	 	1823	 	 	CHEM 013
	 	 	297246	 	 	 	7246	 
	 	1824	 	 	ACBL 3240
	 	 	677305	 	 	 	7305	 
	 	1825	 	 	ACBL 3241
	 	 	677306	 	 	 	7306	 
	 	1826	 	 	ACBL 3242
	 	 	677307	 	 	 	7307	 
	 	1827	 	 	ACBL 3243
	 	 	677308	 	 	 	7308	 
	 	1828	 	 	ACBL 3244
	 	 	677309	 	 	 	7309	 
	 	1829	 	 	ACBL 3245
	 	 	677310	 	 	 	7310	 
	 	1830	 	 	ACBL 3246
	 	 	677311	 	 	 	7311	 
	 	1831	 	 	ACBL 3248
	 	 	677313	 	 	 	7313	 
	 	1832	 	 	ACBL 3249
	 	 	677314	 	 	 	7314	 
	 	1833	 	 	ACBL 3250
	 	 	677315	 	 	 	7315	 
	 	1834	 	 	ACBL 3253
	 	 	677318	 	 	 	7318	 
	 	1835	 	 	ACBL 3254
	 	 	677319	 	 	 	7319	 
	 	1836	 	 	CHEM 308
	 	 	997338	 	 	 	7338	 
	 	1837	 	 	923
	 	 	537358	 	 	 	7358	 
	 	1838	 	 	924
	 	 	537359	 	 	 	7359	 
	 	1839	 	 	NL 171
	 	 	627359	 	 	 	7359	 
	 	1840	 	 	925
	 	 	537360	 	 	 	7360	 
	 	1841	 	 	NL 172
	 	 	627360	 	 	 	7360	 
	 	1842	 	 	926
	 	 	537361	 	 	 	7361	 
	 	1843	 	 	SCNO 1327-B
	 	 	587364	 	 	 	7364	 
	 	1844	 	 	CHEM 86
	 	 	507368	 	 	 	7368	 
	 	1845	 	 	CHEM 87
	 	 	507369	 	 	 	7369	 
	 	1846	 	 	CHEM 88
	 	 	507370	 	 	 	7370	 
	 	1847	 	 	CHEM 89
	 	 	507371	 	 	 	7371	 
	 	1848	 	 	CHEM 209
	 	 	507372	 	 	 	7372	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 44 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	1849	 	 	CHEM 210
	 	 	507373	 	 	 	7373	 
	 	1850	 	 	CHEM 211
	 	 	507374	 	 	 	7374	 
	 	1851	 	 	CHEM 212
	 	 	507375	 	 	 	7375	 
	 	1852	 	 	SER 401 B
	 	 	557382	 	 	 	7382	 
	 	1853	 	 	SER 402 B
	 	 	557383	 	 	 	7383	 
	 	1854	 	 	SER 403 B
	 	 	557384	 	 	 	7384	 
	 	1855	 	 	SER 404 B
	 	 	557385	 	 	 	7385	 
	 	1856	 	 	SER 407 B
	 	 	557388	 	 	 	7388	 
	 	1857	 	 	SER 410 B
	 	 	557391	 	 	 	7391	 
	 	1858	 	 	SER 411 B
	 	 	557392	 	 	 	7392	 
	 	1859	 	 	SER 412 B
	 	 	557393	 	 	 	7393	 
	 	1860	 	 	SER 413  B
	 	 	557394	 	 	 	7394	 
	 	1861	 	 	SER 414 B
	 	 	557395	 	 	 	7395	 
	 	1862	 	 	SER 415 B
	 	 	557396	 	 	 	7396	 
	 	1863	 	 	ACBL 1996
	 	 	587398	 	 	 	7398	 
	 	1864	 	 	ACBL 6000
	 	 	617398	 	 	 	7398	 
	 	1865	 	 	ACBL 6001
	 	 	617399	 	 	 	7399	 
	 	1866	 	 	ACBL 6002
	 	 	617400	 	 	 	7400	 
	 	1867	 	 	ACBL 6003
	 	 	617401	 	 	 	7401	 
	 	1868	 	 	ACBL 6005
	 	 	617403	 	 	 	7403	 
	 	1869	 	 	ACBL 6006
	 	 	617404	 	 	 	7404	 
	 	1870	 	 	ACBL 6008
	 	 	617406	 	 	 	7406	 
	 	1871	 	 	ACBL 6009
	 	 	617407	 	 	 	7407	 
	 	1872	 	 	N.M.S. NO. 1455
	 	 	577448	 	 	 	7448	 
	 	1873	 	 	N.M.S. NO. 1456
	 	 	577449	 	 	 	7449	 
	 	1874	 	 	N.M.S. NO. 1457
	 	 	577450	 	 	 	7450	 
	 	1875	 	 	N.M.S. NO. 1458
	 	 	577451	 	 	 	7451	 
	 	1876	 	 	N.M.S. NO. 1459
	 	 	577452	 	 	 	7452	 
	 	1877	 	 	CHEM 1114
	 	 	577454	 	 	 	7454	 
	 	1878	 	 	N.M.S. NO. 1462
	 	 	577455	 	 	 	7455	 
	 	1879	 	 	CHEM 1115
	 	 	577456	 	 	 	7456	 
	 	1880	 	 	N.M.S. NO. 1464
	 	 	577457	 	 	 	7457	 
	 	1881	 	 	CHEM 1116
	 	 	577458	 	 	 	7458	 
	 	1882	 	 	N.M.S. NO. 1466
	 	 	577459	 	 	 	7459	 
	 	1883	 	 	CHEM 1117
	 	 	577460	 	 	 	7460	 
	 	1884	 	 	N.M.S. NO. 1469
	 	 	577462	 	 	 	7462	 
	 	1885	 	 	ACBL 3155
	 	 	637477	 	 	 	7477	 
	 	1886	 	 	ACBL 3156
	 	 	637478	 	 	 	7478	 
	 	1887	 	 	ACBL 3158
	 	 	637480	 	 	 	7480	 
	 	1888	 	 	ACBL 3159
	 	 	637481	 	 	 	7481	 
	 	1889	 	 	ACBL 3160
	 	 	637482	 	 	 	7482	 
	 	1890	 	 	ACBL 3161
	 	 	637483	 	 	 	7483	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 45 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	1891	 	 	ACBL 3162
	 	 	637484	 	 	 	7484	 
	 	1892	 	 	ACBL 3163
	 	 	637485	 	 	 	7485	 
	 	1893	 	 	ACBL 3164
	 	 	637486	 	 	 	7486	 
	 	1894	 	 	ACBL 3165
	 	 	637487	 	 	 	7487	 
	 	1895	 	 	ACBL 3167
	 	 	637489	 	 	 	7489	 
	 	1896	 	 	ACBL 3168
	 	 	637490	 	 	 	7490	 
	 	1897	 	 	ACBL 3169
	 	 	637491	 	 	 	7491	 
	 	1898	 	 	ACBL 4057
	 	 	607523	 	 	 	7523	 
	 	1899	 	 	VLB 9100
	 	 	967549	 	 	 	7549	 
	 	1900	 	 	CHEM 1100
	 	 	627554	 	 	 	7554	 
	 	1901	 	 	N.M.S. NO. 1425
	 	 	627555	 	 	 	7555	 
	 	1902	 	 	N.M.S. NO. 1426
	 	 	627556	 	 	 	7556	 
	 	1903	 	 	S.C.& N.O. 1413
	 	 	277556	 	 	 	7556	 
	 	1904	 	 	VLB 9107
	 	 	967556	 	 	 	7556	 
	 	1905	 	 	N.M.S. NO. 1427
	 	 	627557	 	 	 	7557	 
	 	1906	 	 	VLB 9108
	 	 	967557	 	 	 	7557	 
	 	1907	 	 	N.M.S. NO. 1428
	 	 	627558	 	 	 	7558	 
	 	1908	 	 	VLB 9109
	 	 	967558	 	 	 	7558	 
	 	1909	 	 	N.M.S. NO. 1429
	 	 	627559	 	 	 	7559	 
	 	1910	 	 	VLB 9110
	 	 	967559	 	 	 	7559	 
	 	1911	 	 	N.M.S. NO. 1430
	 	 	627560	 	 	 	7560	 
	 	1912	 	 	CHEM 1108
	 	 	627561	 	 	 	7561	 
	 	1913	 	 	CHEM 1110
	 	 	627562	 	 	 	7562	 
	 	1914	 	 	N.M.S. NO. 1433
	 	 	627563	 	 	 	7563	 
	 	1915	 	 	N.M.S. NO. 1434
	 	 	627564	 	 	 	7564	 
	 	1916	 	 	S.G. 204
	 	 	587564	 	 	 	7564	 
	 	1917	 	 	VLB 9115
	 	 	967564	 	 	 	7564	 
	 	1918	 	 	N.M.S. NO. 1435
	 	 	627565	 	 	 	7565	 
	 	1919	 	 	VLB 9116
	 	 	967565	 	 	 	7565	 
	 	1920	 	 	N.M.S. NO. 1436
	 	 	627566	 	 	 	7566	 
	 	1921	 	 	S.G. 206
	 	 	587566	 	 	 	7566	 
	 	1922	 	 	VLB 9117
	 	 	967566	 	 	 	7566	 
	 	1923	 	 	N.M.S. NO. 1437
	 	 	627567	 	 	 	7567	 
	 	1924	 	 	VLB 9118
	 	 	967567	 	 	 	7567	 
	 	1925	 	 	N.M.S. NO. 1438
	 	 	627568	 	 	 	7568	 
	 	1926	 	 	CHEM 1112
	 	 	627569	 	 	 	7569	 
	 	1927	 	 	VLB 9120
	 	 	967569	 	 	 	7569	 
	 	1928	 	 	VLB 9121
	 	 	967570	 	 	 	7570	 
	 	1929	 	 	VLB 9122
	 	 	967571	 	 	 	7571	 
	 	1930	 	 	VLB 9123
	 	 	967572	 	 	 	7572	 
	 	1931	 	 	VLB 9126
	 	 	967575	 	 	 	7575	 
	 	1932	 	 	VLB 9127
	 	 	967576	 	 	 	7576	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 46 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	1933	 	 	VLB 9129
	 	 	967578	 	 	 	7578	 
	 	1934	 	 	VLX 7651
	 	 	567579	 	 	 	7579	 
	 	1935	 	 	VLB 9131
	 	 	967580	 	 	 	7580	 
	 	1936	 	 	VLX 7653
	 	 	567581	 	 	 	7581	 
	 	1937	 	 	VLB 9133
	 	 	967582	 	 	 	7582	 
	 	1938	 	 	VLX 7654
	 	 	567582	 	 	 	7582	 
	 	1939	 	 	VLB 9134
	 	 	967583	 	 	 	7583	 
	 	1940	 	 	VLX 7655
	 	 	567583	 	 	 	7583	 
	 	1941	 	 	VLB 9135
	 	 	967584	 	 	 	7584	 
	 	1942	 	 	VLB 9136
	 	 	967585	 	 	 	7585	 
	 	1943	 	 	VLX 7659
	 	 	567587	 	 	 	7587	 
	 	1944	 	 	VLB 9139
	 	 	967588	 	 	 	7588	 
	 	1945	 	 	VLB 9140
	 	 	967589	 	 	 	7589	 
	 	1946	 	 	VLX 7661
	 	 	567589	 	 	 	7589	 
	 	1947	 	 	VLB 9141
	 	 	967590	 	 	 	7590	 
	 	1948	 	 	VLX 7662
	 	 	567590	 	 	 	7590	 
	 	1949	 	 	VLB 9143
	 	 	967592	 	 	 	7592	 
	 	1950	 	 	VLB 9145
	 	 	967594	 	 	 	7594	 
	 	1951	 	 	VLB 9147
	 	 	967596	 	 	 	7596	 
	 	1952	 	 	VLB 9148
	 	 	967597	 	 	 	7597	 
	 	1953	 	 	VLB 9149
	 	 	967598	 	 	 	7598	 
	 	1954	 	 	VLX 7670
	 	 	567598	 	 	 	7598	 
	 	1955	 	 	VLB 9152
	 	 	967601	 	 	 	7601	 
	 	1956	 	 	VLB 9153
	 	 	967602	 	 	 	7602	 
	 	1957	 	 	VLB 9155
	 	 	967604	 	 	 	7604	 
	 	1958	 	 	VLX 7676
	 	 	567604	 	 	 	7604	 
	 	1959	 	 	VLB 9156
	 	 	967605	 	 	 	7605	 
	 	1960	 	 	VLX 7678
	 	 	567606	 	 	 	7606	 
	 	1961	 	 	VLX 7679
	 	 	567607	 	 	 	7607	 
	 	1962	 	 	VLX 7681
	 	 	567609	 	 	 	7609	 
	 	1963	 	 	VLB 9163
	 	 	967612	 	 	 	7612	 
	 	1964	 	 	VLB 9164
	 	 	967613	 	 	 	7613	 
	 	1965	 	 	VLB 9165
	 	 	967614	 	 	 	7614	 
	 	1966	 	 	VLB 9166
	 	 	967615	 	 	 	7615	 
	 	1967	 	 	VLX 7687
	 	 	567615	 	 	 	7615	 
	 	1968	 	 	VLB 9167
	 	 	967616	 	 	 	7616	 
	 	1969	 	 	VLX 7688
	 	 	567616	 	 	 	7616	 
	 	1970	 	 	VLB 9168
	 	 	967617	 	 	 	7617	 
	 	1971	 	 	VLB 9169
	 	 	967618	 	 	 	7618	 
	 	1972	 	 	VLX 7690
	 	 	567618	 	 	 	7618	 
	 	1973	 	 	VLB 9171
	 	 	967620	 	 	 	7620	 
	 	1974	 	 	VLB 9172
	 	 	967621	 	 	 	7621	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 47 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	1975	 	 	VLB 9173
	 	 	967622	 	 	 	7622	 
	 	1976	 	 	VLB 9174
	 	 	967623	 	 	 	7623	 
	 	1977	 	 	VLX 7695
	 	 	567623	 	 	 	7623	 
	 	1978	 	 	VLB 9175
	 	 	967624	 	 	 	7624	 
	 	1979	 	 	VLB 9176
	 	 	967625	 	 	 	7625	 
	 	1980	 	 	VLX 7642
	 	 	567625	 	 	 	7625	 
	 	1981	 	 	VLB 9177
	 	 	967626	 	 	 	7626	 
	 	1982	 	 	VLB 9179
	 	 	967628	 	 	 	7628	 
	 	1983	 	 	VLB 9180
	 	 	967629	 	 	 	7629	 
	 	1984	 	 	VLB 9182
	 	 	967631	 	 	 	7631	 
	 	1985	 	 	VLB 9183
	 	 	967632	 	 	 	7632	 
	 	1986	 	 	VLB 9185
	 	 	967634	 	 	 	7634	 
	 	1987	 	 	VLB 9186
	 	 	967635	 	 	 	7635	 
	 	1988	 	 	VLB 9188
	 	 	967637	 	 	 	7637	 
	 	1989	 	 	CHEM 3205
	 	 	1177638	 	 	 	7638	 
	 	1990	 	 	CHEM 3206
	 	 	1177639	 	 	 	7639	 
	 	1991	 	 	VLB 9190
	 	 	967639	 	 	 	7639	 
	 	1992	 	 	CHEM 283
	 	 	1177640	 	 	 	7640	 
	 	1993	 	 	CHEM 284
	 	 	1177641	 	 	 	7641	 
	 	1994	 	 	VLB 9192
	 	 	967641	 	 	 	7641	 
	 	1995	 	 	CHEM 286
	 	 	1177642	 	 	 	7642	 
	 	1996	 	 	VLB 9193
	 	 	967642	 	 	 	7642	 
	 	1997	 	 	CHEM 288
	 	 	1177643	 	 	 	7643	 
	 	1998	 	 	CHEM 290
	 	 	1177644	 	 	 	7644	 
	 	1999	 	 	VLB 9195
	 	 	967644	 	 	 	7644	 
	 	2000	 	 	CHEM 292
	 	 	1177645	 	 	 	7645	 
	 	2001	 	 	VLB 9196
	 	 	967645	 	 	 	7645	 
	 	2002	 	 	CHEM 294
	 	 	1177646	 	 	 	7646	 
	 	2003	 	 	CHEM 296
	 	 	1177647	 	 	 	7647	 
	 	2004	 	 	VLB 9198
	 	 	967647	 	 	 	7647	 
	 	2005	 	 	CHEM 295
	 	 	1177648	 	 	 	7648	 
	 	2006	 	 	ACBL 4137
	 	 	637649	 	 	 	7649	 
	 	2007	 	 	CHEM 293
	 	 	1177649	 	 	 	7649	 
	 	2008	 	 	CHEM 291
	 	 	1177650	 	 	 	7650	 
	 	2009	 	 	CHEM 289
	 	 	1177651	 	 	 	7651	 
	 	2010	 	 	CHEM 287
	 	 	1177652	 	 	 	7652	 
	 	2011	 	 	CHEM 285
	 	 	1177653	 	 	 	7653	 
	 	2012	 	 	SER 308
	 	 	557659	 	 	 	7659	 
	 	2013	 	 	SER 309
	 	 	557660	 	 	 	7660	 
	 	2014	 	 	ACBL 1987
	 	 	577661	 	 	 	7661	 
	 	2015	 	 	SER 315
	 	 	557666	 	 	 	7666	 
	 	2016	 	 	SER 416 B
	 	 	557667	 	 	 	7667	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 48 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	2017	 	 	ACBL 2967
	 	 	577668	 	 	 	7668	 
	 	2018	 	 	SER 417 B
	 	 	557668	 	 	 	7668	 
	 	2019	 	 	ACBL 3170
	 	 	637669	 	 	 	7669	 
	 	2020	 	 	ACBL 3172
	 	 	637671	 	 	 	7671	 
	 	2021	 	 	SER 420 B
	 	 	557671	 	 	 	7671	 
	 	2022	 	 	ACBL 2971
	 	 	577672	 	 	 	7672	 
	 	2023	 	 	ACBL 3173
	 	 	637672	 	 	 	7672	 
	 	2024	 	 	SER 421 B
	 	 	557672	 	 	 	7672	 
	 	2025	 	 	ACBL 2972
	 	 	577673	 	 	 	7673	 
	 	2026	 	 	ACBL 3174
	 	 	637673	 	 	 	7673	 
	 	2027	 	 	SER 422 B
	 	 	557673	 	 	 	7673	 
	 	2028	 	 	ACBL 3175
	 	 	637674	 	 	 	7674	 
	 	2029	 	 	SER 423 B
	 	 	557674	 	 	 	7674	 
	 	2030	 	 	ACBL 3176
	 	 	637675	 	 	 	7675	 
	 	2031	 	 	ACBL 3178
	 	 	637677	 	 	 	7677	 
	 	2032	 	 	ACBL 3179
	 	 	637678	 	 	 	7678	 
	 	2033	 	 	ACBL 3180
	 	 	637679	 	 	 	7679	 
	 	2034	 	 	ACBL 3181
	 	 	637680	 	 	 	7680	 
	 	2035	 	 	ACBL 3182
	 	 	637681	 	 	 	7681	 
	 	2036	 	 	ACBL 3183
	 	 	637682	 	 	 	7682	 
	 	2037	 	 	ACL 01131
	 	 	1117682	 	 	 	7682	 
	 	2038	 	 	ACBL 3184
	 	 	637683	 	 	 	7683	 
	 	2039	 	 	ACL 01132
	 	 	1117683	 	 	 	7683	 
	 	2040	 	 	ACL 01133
	 	 	1117684	 	 	 	7684	 
	 	2041	 	 	ACL 01134
	 	 	1117685	 	 	 	7685	 
	 	2042	 	 	ACL 01135
	 	 	1117686	 	 	 	7686	 
	 	2043	 	 	ACL 01136
	 	 	1117687	 	 	 	7687	 
	 	2044	 	 	ACL 01137
	 	 	1117688	 	 	 	7688	 
	 	2045	 	 	ACL 01138
	 	 	1117689	 	 	 	7689	 
	 	2046	 	 	CHEM 1705
	 	 	617689	 	 	 	7689	 
	 	2047	 	 	ACL 01139
	 	 	1117690	 	 	 	7690	 
	 	2048	 	 	ACL 01140
	 	 	1117691	 	 	 	7691	 
	 	2049	 	 	ACL 01141
	 	 	1117692	 	 	 	7692	 
	 	2050	 	 	ACL 01142
	 	 	1117693	 	 	 	7693	 
	 	2051	 	 	ACL 01143
	 	 	1117694	 	 	 	7694	 
	 	2052	 	 	ACL 01144
	 	 	1117695	 	 	 	7695	 
	 	2053	 	 	ACL 01145
	 	 	1117696	 	 	 	7696	 
	 	2054	 	 	ACL 01146
	 	 	1117697	 	 	 	7697	 
	 	2055	 	 	ACL 01147
	 	 	1117698	 	 	 	7698	 
	 	2056	 	 	ACL 01148
	 	 	1117699	 	 	 	7699	 
	 	2057	 	 	ACL 01149
	 	 	1117700	 	 	 	7700	 
	 	2058	 	 	ACL 01150
	 	 	1117701	 	 	 	7701	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 49 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	2059	 	 	ACL 01151
	 	 	1117702	 	 	 	7702	 
	 	2060	 	 	ACL 01152
	 	 	1117703	 	 	 	7703	 
	 	2061	 	 	ACL 01153
	 	 	1117704	 	 	 	7704	 
	 	2062	 	 	ACL 01154
	 	 	1117705	 	 	 	7705	 
	 	2063	 	 	ACL 01155
	 	 	1117706	 	 	 	7706	 
	 	2064	 	 	ACL 01156
	 	 	1117707	 	 	 	7707	 
	 	2065	 	 	ACL 01157
	 	 	1117708	 	 	 	7708	 
	 	2066	 	 	ACL 01158
	 	 	1117709	 	 	 	7709	 
	 	2067	 	 	ACL 01159
	 	 	1117710	 	 	 	7710	 
	 	2068	 	 	ACL 01160
	 	 	1117711	 	 	 	7711	 
	 	2069	 	 	ACL 01161
	 	 	1117712	 	 	 	7712	 
	 	2070	 	 	ACL 01162
	 	 	1117713	 	 	 	7713	 
	 	2071	 	 	PV 501 FLB
	 	 	567729	 	 	 	7729	 
	 	2072	 	 	PV 507 FLB
	 	 	567735	 	 	 	7735	 
	 	2073	 	 	PV 5901 FL
	 	 	567739	 	 	 	7739	 
	 	2074	 	 	PV 5904 FL
	 	 	567742	 	 	 	7742	 
	 	2075	 	 	PV 5907 FL
	 	 	567745	 	 	 	7745	 
	 	2076	 	 	PV 5909 FL
	 	 	567747	 	 	 	7747	 
	 	2077	 	 	PV 5979 FL
	 	 	567758	 	 	 	7758	 
	 	2078	 	 	PV 5980 FL
	 	 	567759	 	 	 	7759	 
	 	2079	 	 	PV 5984 FL
	 	 	567763	 	 	 	7763	 
	 	2080	 	 	PV 5985 FL
	 	 	567764	 	 	 	7764	 
	 	2081	 	 	PV 5987 FL
	 	 	567766	 	 	 	7766	 
	 	2082	 	 	PV 5989 FL
	 	 	567768	 	 	 	7768	 
	 	2083	 	 	PV 5991 FL
	 	 	567770	 	 	 	7770	 
	 	2084	 	 	PV 5996 FL
	 	 	567775	 	 	 	7775	 
	 	2085	 	 	ACBL 6010
	 	 	617777	 	 	 	7777	 
	 	2086	 	 	PV 5998 FL
	 	 	567777	 	 	 	7777	 
	 	2087	 	 	ACBL 6011
	 	 	617778	 	 	 	7778	 
	 	2088	 	 	PV 5999 FL
	 	 	567778	 	 	 	7778	 
	 	2089	 	 	ACBL 6012
	 	 	617779	 	 	 	7779	 
	 	2090	 	 	ACBL 6013
	 	 	617780	 	 	 	7780	 
	 	2091	 	 	ACBL 6014
	 	 	617781	 	 	 	7781	 
	 	2092	 	 	ACBL 6015
	 	 	617782	 	 	 	7782	 
	 	2093	 	 	ACBL 6016
	 	 	617783	 	 	 	7783	 
	 	2094	 	 	CHEM 3204
	 	 	1167802	 	 	 	7802	 
	 	2095	 	 	CHEM 3203
	 	 	1167803	 	 	 	7803	 
	 	2096	 	 	ACBL 1712
	 	 	517813	 	 	 	7813	 
	 	2097	 	 	ACBL 1719
	 	 	517820	 	 	 	7820	 
	 	2098	 	 	ACBL 1720
	 	 	517821	 	 	 	7821	 
	 	2099	 	 	ACBL 1721
	 	 	517822	 	 	 	7822	 
	 	2100	 	 	ACBL 2126
	 	 	637823	 	 	 	7823	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 50 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	2101	 	 	ACBL 1724
	 	 	517825	 	 	 	7825	 
	 	2102	 	 	ACBL 1725
	 	 	517826	 	 	 	7826	 
	 	2103	 	 	ACBL 1727
	 	 	517828	 	 	 	7828	 
	 	2104	 	 	ACBL 2131
	 	 	637828	 	 	 	7828	 
	 	2105	 	 	ACBL 139
	 	 	637835	 	 	 	7835	 
	 	2106	 	 	ACBL 1734
	 	 	517835	 	 	 	7835	 
	 	2107	 	 	ACBL 142
	 	 	637838	 	 	 	7838	 
	 	2108	 	 	ML 513 B
	 	 	597843	 	 	 	7843	 
	 	2109	 	 	ML 516 B
	 	 	597846	 	 	 	7846	 
	 	2110	 	 	ML 522 B
	 	 	597852	 	 	 	7852	 
	 	2111	 	 	ML 528 B
	 	 	597858	 	 	 	7858	 
	 	2112	 	 	ML 529 B
	 	 	597859	 	 	 	7859	 
	 	2113	 	 	ML 530 B
	 	 	597860	 	 	 	7860	 
	 	2114	 	 	SCC 806
	 	 	527867	 	 	 	7867	 
	 	2115	 	 	ML 605
	 	 	597868	 	 	 	7868	 
	 	2116	 	 	ML 710 B
	 	 	597890	 	 	 	7890	 
	 	2117	 	 	ML 712 B
	 	 	597892	 	 	 	7892	 
	 	2118	 	 	ML 715 B
	 	 	597895	 	 	 	7895	 
	 	2119	 	 	ML 805
	 	 	597903	 	 	 	7903	 
	 	2120	 	 	ML 806
	 	 	597904	 	 	 	7904	 
	 	2121	 	 	ACBL 4332
	 	 	627957	 	 	 	7957	 
	 	2122	 	 	ACBL 4235
	 	 	617997	 	 	 	7997	 
	 	2123	 	 	ACBL 4232
	 	 	617998	 	 	 	7998	 
	 	2124	 	 	ACBL 4230
	 	 	618001	 	 	 	8001	 
	 	2125	 	 	ACBL 4243
	 	 	618002	 	 	 	8002	 
	 	2126	 	 	V 012 B
	 	 	508027	 	 	 	8027	 
	 	2127	 	 	TTBL 4019
	 	 	618031	 	 	 	8031	 
	 	2128	 	 	TTBL 4021
	 	 	618033	 	 	 	8033	 
	 	2129	 	 	TTBL 4022
	 	 	618034	 	 	 	8034	 
	 	2130	 	 	TTBL 4023
	 	 	618035	 	 	 	8035	 
	 	2131	 	 	TTBL 4024
	 	 	618036	 	 	 	8036	 
	 	2132	 	 	TTBL 4025
	 	 	618037	 	 	 	8037	 
	 	2133	 	 	TTBL 4026
	 	 	618038	 	 	 	8038	 
	 	2134	 	 	TTBL 4028
	 	 	618040	 	 	 	8040	 
	 	2135	 	 	CHEM 172
	 	 	1038048	 	 	 	8048	 
	 	2136	 	 	CHEM 240
	 	 	958058	 	 	 	8058	 
	 	2137	 	 	CHEM 241
	 	 	958059	 	 	 	8059	 
	 	2138	 	 	CHEM 242
	 	 	958060	 	 	 	8060	 
	 	2139	 	 	CHEM 243
	 	 	958061	 	 	 	8061	 
	 	2140	 	 	CHEM 244
	 	 	958062	 	 	 	8062	 
	 	2141	 	 	CHEM 245
	 	 	958063	 	 	 	8063	 
	 	2142	 	 	CHEM 246
	 	 	958064	 	 	 	8064	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 51 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	2143	 	 	CHEM 247
	 	 	958065	 	 	 	8065	 
	 	2144	 	 	CHEM 248
	 	 	958066	 	 	 	8066	 
	 	2145	 	 	CHEM 249
	 	 	958067	 	 	 	8067	 
	 	2146	 	 	ACBL 4088
	 	 	608098	 	 	 	8098	 
	 	2147	 	 	ACBL 4089
	 	 	608099	 	 	 	8099	 
	 	2148	 	 	N.M.S. NO. 1400
	 	 	538116	 	 	 	8116	 
	 	2149	 	 	CHEM 79
	 	 	298136	 	 	 	8136	 
	 	2150	 	 	DM 2469
	 	 	578138	 	 	 	8138	 
	 	2151	 	 	CHEM 139
	 	 	618139	 	 	 	8139	 
	 	2152	 	 	CHEM 140
	 	 	618140	 	 	 	8140	 
	 	2153	 	 	ABC 805B
	 	 	598149	 	 	 	8149	 
	 	2154	 	 	VL 81200
	 	 	628159	 	 	 	8159	 
	 	2155	 	 	VL 81201
	 	 	628160	 	 	 	8160	 
	 	2156	 	 	954
	 	 	568162	 	 	 	8162	 
	 	2157	 	 	VL 81203
	 	 	628162	 	 	 	8162	 
	 	2158	 	 	955
	 	 	568163	 	 	 	8163	 
	 	2159	 	 	DM 2494
	 	 	578163	 	 	 	8163	 
	 	2160	 	 	VL 81204
	 	 	628163	 	 	 	8163	 
	 	2161	 	 	956
	 	 	568164	 	 	 	8164	 
	 	2162	 	 	VL 81205
	 	 	628164	 	 	 	8164	 
	 	2163	 	 	SCNO 1304
	 	 	298165	 	 	 	8165	 
	 	2164	 	 	VL 81206
	 	 	628165	 	 	 	8165	 
	 	2165	 	 	VL 81208
	 	 	628167	 	 	 	8167	 
	 	2166	 	 	VL 81209
	 	 	628168	 	 	 	8168	 
	 	2167	 	 	VL 81210
	 	 	628169	 	 	 	8169	 
	 	2168	 	 	VL 81214
	 	 	628173	 	 	 	8173	 
	 	2169	 	 	VL 81215
	 	 	628174	 	 	 	8174	 
	 	2170	 	 	HINES 422
	 	 	568175	 	 	 	8175	 
	 	2171	 	 	VL 81216
	 	 	628175	 	 	 	8175	 
	 	2172	 	 	HINES 424
	 	 	568176	 	 	 	8176	 
	 	2173	 	 	VL 81217
	 	 	628176	 	 	 	8176	 
	 	2174	 	 	VL 81219
	 	 	628178	 	 	 	8178	 
	 	2175	 	 	VL 81220
	 	 	628179	 	 	 	8179	 
	 	2176	 	 	VL 81221
	 	 	628180	 	 	 	8180	 
	 	2177	 	 	VL 81223
	 	 	628182	 	 	 	8182	 
	 	2178	 	 	VL 81225
	 	 	628184	 	 	 	8184	 
	 	2179	 	 	VL 81228
	 	 	628187	 	 	 	8187	 
	 	2180	 	 	VL 81229
	 	 	628188	 	 	 	8188	 
	 	2181	 	 	VL 81230
	 	 	628189	 	 	 	8189	 
	 	2182	 	 	VL 81231
	 	 	628190	 	 	 	8190	 
	 	2183	 	 	VL 81232
	 	 	628191	 	 	 	8191	 
	 	2184	 	 	VL 81233
	 	 	628192	 	 	 	8192	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 52 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	2185	 	 	VL 81235
	 	 	628194	 	 	 	8194	 
	 	2186	 	 	VL 81236
	 	 	628195	 	 	 	8195	 
	 	2187	 	 	ACBL 4402
	 	 	578196	 	 	 	8196	 
	 	2188	 	 	VL 81237
	 	 	628196	 	 	 	8196	 
	 	2189	 	 	VL 81238
	 	 	628197	 	 	 	8197	 
	 	2190	 	 	VL 81239
	 	 	628198	 	 	 	8198	 
	 	2191	 	 	ACBL 1457
	 	 	578199	 	 	 	8199	 
	 	2192	 	 	VL 81240
	 	 	628199	 	 	 	8199	 
	 	2193	 	 	VL 81241
	 	 	628200	 	 	 	8200	 
	 	2194	 	 	VL 81243
	 	 	628202	 	 	 	8202	 
	 	2195	 	 	VL 81244
	 	 	628203	 	 	 	8203	 
	 	2196	 	 	VL 81245
	 	 	628204	 	 	 	8204	 
	 	2197	 	 	VL 81246
	 	 	628205	 	 	 	8205	 
	 	2198	 	 	VL 81247
	 	 	628206	 	 	 	8206	 
	 	2199	 	 	VL 81248
	 	 	628207	 	 	 	8207	 
	 	2200	 	 	VL 81250
	 	 	628209	 	 	 	8209	 
	 	2201	 	 	VL 81251
	 	 	628210	 	 	 	8210	 
	 	2202	 	 	VL 81252
	 	 	628211	 	 	 	8211	 
	 	2203	 	 	VL 81253
	 	 	628212	 	 	 	8212	 
	 	2204	 	 	VL 81254
	 	 	628213	 	 	 	8213	 
	 	2205	 	 	VL 81255
	 	 	628214	 	 	 	8214	 
	 	2206	 	 	VL 81256
	 	 	628215	 	 	 	8215	 
	 	2207	 	 	VL 81258
	 	 	628217	 	 	 	8217	 
	 	2208	 	 	VL 81259
	 	 	628218	 	 	 	8218	 
	 	2209	 	 	VL 81260
	 	 	628219	 	 	 	8219	 
	 	2210	 	 	VL 81261
	 	 	628220	 	 	 	8220	 
	 	2211	 	 	VL 81263
	 	 	628222	 	 	 	8222	 
	 	2212	 	 	VL 81264
	 	 	628223	 	 	 	8223	 
	 	2213	 	 	VL 81265
	 	 	628224	 	 	 	8224	 
	 	2214	 	 	VL 81266
	 	 	628225	 	 	 	8225	 
	 	2215	 	 	VL 81267
	 	 	628226	 	 	 	8226	 
	 	2216	 	 	VL 81268
	 	 	628227	 	 	 	8227	 
	 	2217	 	 	VL 81270
	 	 	628229	 	 	 	8229	 
	 	2218	 	 	VL 7534
	 	 	568230	 	 	 	8230	 
	 	2219	 	 	VL 81271
	 	 	628230	 	 	 	8230	 
	 	2220	 	 	VL 81272
	 	 	628231	 	 	 	8231	 
	 	2221	 	 	ACBL 2750
	 	 	528232	 	 	 	8232	 
	 	2222	 	 	VL 81273
	 	 	628232	 	 	 	8232	 
	 	2223	 	 	VL 81274
	 	 	628233	 	 	 	8233	 
	 	2224	 	 	VL 81275
	 	 	628234	 	 	 	8234	 
	 	2225	 	 	VL 81276
	 	 	628235	 	 	 	8235	 
	 	2226	 	 	VL 81277
	 	 	628236	 	 	 	8236	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 53 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	2227	 	 	VL 81278
	 	 	628237	 	 	 	8237	 
	 	2228	 	 	VL 81279
	 	 	628238	 	 	 	8238	 
	 	2229	 	 	N.M.S. NO. 1401
	 	 	538258	 	 	 	8258	 
	 	2230	 	 	N.M.S. NO. 1488
	 	 	618274	 	 	 	8274	 
	 	2231	 	 	N.M.S. NO. 1489
	 	 	618275	 	 	 	8275	 
	 	2232	 	 	N.M.S. NO. 1490
	 	 	618276	 	 	 	8276	 
	 	2233	 	 	CHEM 1123
	 	 	618277	 	 	 	8277	 
	 	2234	 	 	N.M.S. NO. 1492
	 	 	618278	 	 	 	8278	 
	 	2235	 	 	N.M.S. NO. 1493
	 	 	618279	 	 	 	8279	 
	 	2236	 	 	CHEM 1124
	 	 	618280	 	 	 	8280	 
	 	2237	 	 	CHEM 1125
	 	 	618281	 	 	 	8281	 
	 	2238	 	 	VLB 7252
	 	 	538282	 	 	 	8282	 
	 	2239	 	 	VLB 7259
	 	 	538289	 	 	 	8289	 
	 	2240	 	 	CHEM 173
	 	 	1038301	 	 	 	8301	 
	 	2241	 	 	HINES 446
	 	 	1048302	 	 	 	8302	 
	 	2242	 	 	SCNO 1313
	 	 	508303	 	 	 	8303	 
	 	2243	 	 	SCNO 1314
	 	 	508304	 	 	 	8304	 
	 	2244	 	 	VLB 7279
	 	 	538309	 	 	 	8309	 
	 	2245	 	 	ACBL 2011
	 	 	588331	 	 	 	8331	 
	 	2246	 	 	ACBL 2017
	 	 	588337	 	 	 	8337	 
	 	2247	 	 	K 312B
	 	 	588377	 	 	 	8377	 
	 	2248	 	 	K 316B
	 	 	588381	 	 	 	8381	 
	 	2249	 	 	K 403
	 	 	588384	 	 	 	8384	 
	 	2250	 	 	HINES 421B
	 	 	958493	 	 	 	8493	 
	 	2251	 	 	VL 7517
	 	 	568508	 	 	 	8508	 
	 	2252	 	 	CHEM 3208
	 	 	1198603	 	 	 	8603	 
	 	2253	 	 	D. D. #10
	 	 	568604	 	 	 	8604	 
	 	2254	 	 	CHEM 1704
	 	 	528605	 	 	 	8605	 
	 	2255	 	 	CHEM 3207
	 	 	1198605	 	 	 	8605	 
	 	2256	 	 	LCD 4906
	 	 	528606	 	 	 	8606	 
	 	2257	 	 	CCT 362
	 	 	638607	 	 	 	8607	 
	 	2258	 	 	CCT 364
	 	 	638609	 	 	 	8609	 
	 	2259	 	 	CCT 365
	 	 	638610	 	 	 	8610	 
	 	2260	 	 	ACBL 1817
	 	 	578667	 	 	 	8667	 
	 	2261	 	 	ACBL 1824
	 	 	578674	 	 	 	8674	 
	 	2262	 	 	HINES 432
	 	 	628721	 	 	 	8721	 
	 	2263	 	 	WTT 852
	 	 	638731	 	 	 	8731	 
	 	2264	 	 	WTT853
	 	 	638732	 	 	 	8732	 
	 	2265	 	 	WTT 854
	 	 	638733	 	 	 	8733	 
	 	2266	 	 	WTT 855
	 	 	638734	 	 	 	8734	 
	 	2267	 	 	WTT 856
	 	 	638735	 	 	 	8735	 
	 	2268	 	 	WTT 857
	 	 	638736	 	 	 	8736	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 54 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	2269	 	 	WTT 858
	 	 	638737	 	 	 	8737	 
	 	2270	 	 	CHEM 181
	 	 	1058738	 	 	 	8738	 
	 	2271	 	 	WTT 859
	 	 	638738	 	 	 	8738	 
	 	2272	 	 	WTT 861
	 	 	638740	 	 	 	8740	 
	 	2273	 	 	WTT 864
	 	 	638743	 	 	 	8743	 
	 	2274	 	 	WTT 865
	 	 	638744	 	 	 	8744	 
	 	2275	 	 	WTT 866
	 	 	638745	 	 	 	8745	 
	 	2276	 	 	WTT 867
	 	 	638746	 	 	 	8746	 
	 	2277	 	 	WTT 868
	 	 	638747	 	 	 	8747	 
	 	2278	 	 	WTT 869
	 	 	638748	 	 	 	8748	 
	 	2279	 	 	WTT 870
	 	 	638749	 	 	 	8749	 
	 	2280	 	 	WTT 871
	 	 	638750	 	 	 	8750	 
	 	2281	 	 	WTT 872
	 	 	638751	 	 	 	8751	 
	 	2282	 	 	WTT 873
	 	 	638752	 	 	 	8752	 
	 	2283	 	 	WTT 874
	 	 	638753	 	 	 	8753	 
	 	2284	 	 	WTT 875
	 	 	638754	 	 	 	8754	 
	 	2285	 	 	ACBL 1373
	 	 	578823	 	 	 	8823	 
	 	2286	 	 	ACBL 1375
	 	 	578825	 	 	 	8825	 
	 	2287	 	 	ACBL 1376
	 	 	578826	 	 	 	8826	 
	 	2288	 	 	ACBL 1377
	 	 	578827	 	 	 	8827	 
	 	2289	 	 	CHEM 174
	 	 	1038827	 	 	 	8827	 
	 	2290	 	 	ACBL 365X
	 	 	1038828	 	 	 	8828	 
	 	2291	 	 	ACBL 1379
	 	 	578829	 	 	 	8829	 
	 	2292	 	 	ACBL 366X
	 	 	1038829	 	 	 	8829	 
	 	2293	 	 	ACBL 1380
	 	 	578830	 	 	 	8830	 
	 	2294	 	 	ACBL 367X
	 	 	1038830	 	 	 	8830	 
	 	2295	 	 	ACBL 1381
	 	 	578831	 	 	 	8831	 
	 	2296	 	 	ACBL 368X
	 	 	1038831	 	 	 	8831	 
	 	2297	 	 	ACBL 1382
	 	 	578832	 	 	 	8832	 
	 	2298	 	 	ACBL 369X
	 	 	1038832	 	 	 	8832	 
	 	2299	 	 	N.M.S. NO. 1496
	 	 	618892	 	 	 	8892	 
	 	2300	 	 	N.M.S. NO. 1497
	 	 	618893	 	 	 	8893	 
	 	2301	 	 	N.M.S. NO. 1498
	 	 	618894	 	 	 	8894	 
	 	2302	 	 	N.M.S. NO. 1499
	 	 	618895	 	 	 	8895	 
	 	2303	 	 	N.M.S. NO. 1448
	 	 	618896	 	 	 	8896	 
	 	2304	 	 	N.M.S. NO. 1449
	 	 	618897	 	 	 	8897	 
	 	2305	 	 	N.M.S. NO. 1441
	 	 	618899	 	 	 	8899	 
	 	2306	 	 	N.M.S. NO. 1442
	 	 	618900	 	 	 	8900	 
	 	2307	 	 	N.M.S. NO. 1443
	 	 	618901	 	 	 	8901	 
	 	2308	 	 	N.M.S. NO. 1444
	 	 	618904	 	 	 	8904	 
	 	2309	 	 	N.M.S. NO. 1445
	 	 	618905	 	 	 	8905	 
	 	2310	 	 	N.M.S. NO.1446
	 	 	618906	 	 	 	8906	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 55 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	2311	 	 	N.M.S. NO. 1447
	 	 	618907	 	 	 	8907	 
	 	2312	 	 	ACBL 200
	 	 	628922	 	 	 	8922	 
	 	2313	 	 	ACBL 201
	 	 	628923	 	 	 	8923	 
	 	2314	 	 	ACBL 202
	 	 	628924	 	 	 	8924	 
	 	2315	 	 	ACBL 203
	 	 	628925	 	 	 	8925	 
	 	2316	 	 	ACBL 204
	 	 	628926	 	 	 	8926	 
	 	2317	 	 	ACBL 205
	 	 	628927	 	 	 	8927	 
	 	2318	 	 	ACBL 206
	 	 	628928	 	 	 	8928	 
	 	2319	 	 	ACBL 207
	 	 	628929	 	 	 	8929	 
	 	2320	 	 	ACBL 208
	 	 	628930	 	 	 	8930	 
	 	2321	 	 	ACBL 209
	 	 	628931	 	 	 	8931	 
	 	2322	 	 	ACBL 210
	 	 	628932	 	 	 	8932	 
	 	2323	 	 	ACBL 211
	 	 	628933	 	 	 	8933	 
	 	2324	 	 	ACBL 212
	 	 	628934	 	 	 	8934	 
	 	2325	 	 	ACBL 213
	 	 	628935	 	 	 	8935	 
	 	2326	 	 	ACBL 214
	 	 	628936	 	 	 	8936	 
	 	2327	 	 	ACBL 215
	 	 	628937	 	 	 	8937	 
	 	2328	 	 	ACBL 217
	 	 	628939	 	 	 	8939	 
	 	2329	 	 	ACBL 218
	 	 	628940	 	 	 	8940	 
	 	2330	 	 	ACBL 219
	 	 	628941	 	 	 	8941	 
	 	2331	 	 	ACBL 147
	 	 	638975	 	 	 	8975	 
	 	2332	 	 	ACL 96000
	 	 	1039004	 	 	 	9004	 
	 	2333	 	 	ACL 96001
	 	 	1039005	 	 	 	9005	 
	 	2334	 	 	ACL 96002
	 	 	1039006	 	 	 	9006	 
	 	2335	 	 	ACL 96003
	 	 	1039007	 	 	 	9007	 
	 	2336	 	 	CHEM 72
	 	 	299007	 	 	 	9007	 
	 	2337	 	 	ACL 96004
	 	 	1039008	 	 	 	9008	 
	 	2338	 	 	ACL 96005
	 	 	1039009	 	 	 	9009	 
	 	2339	 	 	SCNO 1329-B
	 	 	599013	 	 	 	9013	 
	 	2340	 	 	VLB 7712
	 	 	579014	 	 	 	9014	 
	 	2341	 	 	VLB 7715
	 	 	579017	 	 	 	9017	 
	 	2342	 	 	VLB 7716
	 	 	579018	 	 	 	9018	 
	 	2343	 	 	VLB 7717
	 	 	579019	 	 	 	9019	 
	 	2344	 	 	VLB 7719
	 	 	579021	 	 	 	9021	 
	 	2345	 	 	VLX 7582
	 	 	569055	 	 	 	9055	 
	 	2346	 	 	VLX 7584
	 	 	569057	 	 	 	9057	 
	 	2347	 	 	VLX 7586
	 	 	569059	 	 	 	9059	 
	 	2348	 	 	VLX 7587
	 	 	569060	 	 	 	9060	 
	 	2349	 	 	VLX 7590
	 	 	569063	 	 	 	9063	 
	 	2350	 	 	VLX 7632
	 	 	569069	 	 	 	9069	 
	 	2351	 	 	VLX 7633
	 	 	569070	 	 	 	9070	 
	 	2352	 	 	VLX 7635
	 	 	569072	 	 	 	9072	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 56 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	2353	 	 	VLX 7638
	 	 	569075	 	 	 	9075	 
	 	2354	 	 	VLX 7639
	 	 	569076	 	 	 	9076	 
	 	2355	 	 	PRBL-2
	 	 	629128	 	 	 	9128	 
	 	2356	 	 	CHEM 1701
	 	 	529129	 	 	 	9129	 
	 	2357	 	 	ACBL 4353
	 	 	599192	 	 	 	9192	 
	 	2358	 	 	ACBL 4352
	 	 	599194	 	 	 	9194	 
	 	2359	 	 	ACBL4122
	 	 	639211	 	 	 	9211	 
	 	2360	 	 	ACBL 4120
	 	 	639212	 	 	 	9212	 
	 	2361	 	 	ACL 9910B
	 	 	1079227	 	 	 	9227	 
	 	2362	 	 	ACL 9911B
	 	 	1079228	 	 	 	9228	 
	 	2363	 	 	ACL 9912B
	 	 	1079229	 	 	 	9229	 
	 	2364	 	 	ACL 9913B
	 	 	1079230	 	 	 	9230	 
	 	2365	 	 	ACL 9914B
	 	 	1079231	 	 	 	9231	 
	 	2366	 	 	ACL 9915B
	 	 	1079232	 	 	 	9232	 
	 	2367	 	 	ACL 9916B
	 	 	1079233	 	 	 	9233	 
	 	2368	 	 	ACL 9917B
	 	 	1079234	 	 	 	9234	 
	 	2369	 	 	ACL 9918B
	 	 	1079235	 	 	 	9235	 
	 	2370	 	 	ACL 9919B
	 	 	1079236	 	 	 	9236	 
	 	2371	 	 	ACL 9920B
	 	 	1079237	 	 	 	9237	 
	 	2372	 	 	ACL 9921B
	 	 	1079238	 	 	 	9238	 
	 	2373	 	 	ACL 9922B
	 	 	1079239	 	 	 	9239	 
	 	2374	 	 	ACL 9923B
	 	 	1079240	 	 	 	9240	 
	 	2375	 	 	ACL 9924B
	 	 	1079241	 	 	 	9241	 
	 	2376	 	 	ACBL 4121
	 	 	639249	 	 	 	9249	 
	 	2377	 	 	ACBL 5000
	 	 	619258	 	 	 	9258	 
	 	2378	 	 	ACBL 5003
	 	 	619261	 	 	 	9261	 
	 	2379	 	 	ACBL 5004
	 	 	619262	 	 	 	9262	 
	 	2380	 	 	ACBL 5005
	 	 	619263	 	 	 	9263	 
	 	2381	 	 	ACBL 5006
	 	 	619264	 	 	 	9264	 
	 	2382	 	 	ACBL 5007
	 	 	619265	 	 	 	9265	 
	 	2383	 	 	ACBL 5008
	 	 	619266	 	 	 	9266	 
	 	2384	 	 	ACBL 5009
	 	 	619267	 	 	 	9267	 
	 	2385	 	 	CHEM 156
	 	 	989281	 	 	 	9281	 
	 	2386	 	 	CHEM 157
	 	 	989282	 	 	 	9282	 
	 	2387	 	 	CHEM 158
	 	 	989283	 	 	 	9283	 
	 	2388	 	 	CHEM 159
	 	 	989284	 	 	 	9284	 
	 	2389	 	 	CHEM 160
	 	 	989285	 	 	 	9285	 
	 	2390	 	 	SCNO 1317
	 	 	509294	 	 	 	9294	 
	 	2391	 	 	SCNO 1319
	 	 	509296	 	 	 	9296	 
	 	2392	 	 	SCNO 1322
	 	 	509299	 	 	 	9299	 
	 	2393	 	 	ACBL 1870
	 	 	609317	 	 	 	9317	 
	 	2394	 	 	ACBL 1871
	 	 	609318	 	 	 	9318	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 57 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	2395	 	 	ACBL 1872
	 	 	609319	 	 	 	9319	 
	 	2396	 	 	ACBL 1873
	 	 	609320	 	 	 	9320	 
	 	2397	 	 	ACBL 1874
	 	 	609321	 	 	 	9321	 
	 	2398	 	 	ACBL 1875
	 	 	609322	 	 	 	9322	 
	 	2399	 	 	ACBL 1879
	 	 	609326	 	 	 	9326	 
	 	2400	 	 	ACBL 1880
	 	 	609327	 	 	 	9327	 
	 	2401	 	 	ACBL 1881
	 	 	609328	 	 	 	9328	 
	 	2402	 	 	ACBL 1883
	 	 	609330	 	 	 	9330	 
	 	2403	 	 	ACBL 1884
	 	 	609331	 	 	 	9331	 
	 	2404	 	 	ACBL 1921
	 	 	519334	 	 	 	9334	 
	 	2405	 	 	ACBL 1922
	 	 	519335	 	 	 	9335	 
	 	2406	 	 	ACBL 4337
	 	 	589408	 	 	 	9408	 
	 	2407	 	 	SER 164
	 	 	549451	 	 	 	9451	 
	 	2408	 	 	SER 165
	 	 	549452	 	 	 	9452	 
	 	2409	 	 	SER 167
	 	 	549454	 	 	 	9454	 
	 	2410	 	 	SER 170
	 	 	549457	 	 	 	9457	 
	 	2411	 	 	SER 173
	 	 	549460	 	 	 	9460	 
	 	2412	 	 	ACBL 2845
	 	 	549463	 	 	 	9463	 
	 	2413	 	 	ACBL 4242
	 	 	629465	 	 	 	9465	 
	 	2414	 	 	ACBL 2848
	 	 	549466	 	 	 	9466	 
	 	2415	 	 	S.C. &
N.O. 1315
	 	 	509466	 	 	 	9466	 
	 	2416	 	 	SCNO 1316
	 	 	509467	 	 	 	9467	 
	 	2417	 	 	ACBL 2850
	 	 	549468	 	 	 	9468	 
	 	2418	 	 	ACBL 2851
	 	 	549469	 	 	 	9469	 
	 	2419	 	 	ACBL 2852
	 	 	549470	 	 	 	9470	 
	 	2420	 	 	ACBL 2853
	 	 	549471	 	 	 	9471	 
	 	2421	 	 	ACBL 2854
	 	 	549472	 	 	 	9472	 
	 	2422	 	 	ACBL 2856
	 	 	549474	 	 	 	9474	 
	 	2423	 	 	ACBL 2860
	 	 	549478	 	 	 	9478	 
	 	2424	 	 	ACBL 2861
	 	 	549479	 	 	 	9479	 
	 	2425	 	 	ACBL 106
	 	 	529482	 	 	 	9482	 
	 	2426	 	 	ACBL 1359
	 	 	579502	 	 	 	9502	 
	 	2427	 	 	ACBL 1360
	 	 	579503	 	 	 	9503	 
	 	2428	 	 	ACBL 1362
	 	 	579505	 	 	 	9505	 
	 	2429	 	 	ACBL 1363
	 	 	579506	 	 	 	9506	 
	 	2430	 	 	ACBL 1364
	 	 	579507	 	 	 	9507	 
	 	2431	 	 	ACBL 1366
	 	 	579509	 	 	 	9509	 
	 	2432	 	 	ACBL 1368
	 	 	579511	 	 	 	9511	 
	 	2433	 	 	ACBL 1369
	 	 	579512	 	 	 	9512	 
	 	2434	 	 	ACBL 1370
	 	 	579513	 	 	 	9513	 
	 	2435	 	 	ACBL 1371
	 	 	579514	 	 	 	9514	 
	 	2436	 	 	ACBL 1372
	 	 	579515	 	 	 	9515	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 58 of 59
	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	SCHEDULE I
	AMERICAN COMMERCIAL LINES LLC
 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	2437	 	 	N.M.S. No. 1453
	 	 	549515	 	 	 	9515	 
	 	2438	 	 	ACBL 1797
	 	 	579516	 	 	 	9516	 
	 	2439	 	 	N.M.S. NO. 1454
	 	 	549516	 	 	 	9516	 
	 	2440	 	 	ACBL 1805
	 	 	579524	 	 	 	9524	 
	 	2441	 	 	CHEM 274
	 	 	1089532	 	 	 	9532	 
	 	2442	 	 	CHEM 275
	 	 	1089533	 	 	 	9533	 
	 	2443	 	 	NL 116
	 	 	569533	 	 	 	9533	 
	 	2444	 	 	NL 129
	 	 	569546	 	 	 	9546	 
	 	2445	 	 	CHEM 175
	 	 	1039628	 	 	 	9628	 
	 	2446	 	 	ACBL 4231
	 	 	629686	 	 	 	9686	 
	 	2447	 	 	HINES 433B
	 	 	589709	 	 	 	9709	 
	 	2448	 	 	1207
	 	 	299854	 	 	 	9854	 
	 	2449	 	 	TPC 327
	 	 	599885	 	 	 	9885	 
	 	2450	 	 	TPC 329
	 	 	599887	 	 	 	9887	 
	 	2451	 	 	TPC 330
	 	 	599888	 	 	 	9888	 
	 	2452	 	 	4908
	 	 	559908	 	 	 	9908	 
	 	2453	 	 	4603
	 	 	559909	 	 	 	9909	 
	 	2454	 	 	4632
	 	 	559910	 	 	 	9910	 
	 	2455	 	 	4633
	 	 	559911	 	 	 	9911	 
	 	2456	 	 	CHEM 1600
	 	 	559912	 	 	 	9912	 
	 	2457	 	 	VLB 7950
	 	 	609922	 	 	 	9922	 
	 	2458	 	 	ACBL 2804
	 	 	539930	 	 	 	9930	 
	 	2459	 	 	ACBL 2806
	 	 	539932	 	 	 	9932	 
	 	2460	 	 	ACBL 2812
	 	 	539938	 	 	 	9938	 
	 	2461	 	 	ACBL 2814
	 	 	539940	 	 	 	9940	 
	 	2462	 	 	ACBL 2815
	 	 	539941	 	 	 	9941	 
	 	2463	 	 	VLB 7952
	 	 	609952	 	 	 	9952	 
	 	2464	 	 	N.M.S. NO. 1478
	 	 	599980	 	 	 	9980	 
	 	2465	 	 	CHEM 1122
	 	 	599981	 	 	 	9981	 
	 	2466	 	 	CGB 437B
	 	 	639988	 	 	 	9988	 
	 	2467	 	 	CGB 438B
	 	 	639989	 	 	 	9989	 
	 	2468	 	 	CGB 439B
	 	 	639990	 	 	 	9990	 
	 	2469	 	 	CGB 440B
	 	 	639991	 	 	 	9991	 
	 	2470	 	 	CGB 441B
	 	 	639992	 	 	 	9992	 
	 	2471	 	 	CGB 442B
	 	 	639993	 	 	 	9993	 
	 	2472	 	 	VLB 7953
	 	 	609995	 	 	 	9995	 

					
	 	 	 	 	 
	ACL Barges
	 	Page 59 of 59
	 	 

 

 

SCHEDULE I

ACL TRANSPORTATION SERVICES LLC

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Vessel Name	 	Official No.	 	Terminal No.
	 	1	 	 	MID STREAM 2
	 	 	1090266	 	 	 	266	 
	 	2	 	 	BILL JOINER
	 	 	620699	 	 	 	699	 
	 	3	 	 	RIGGER III
	 	 	651336	 	 	 	1336	 
	 	4	 	 	SEA STAR
	 	 	1021586	 	 	 	1586	 
	 	5	 	 	WARREN E BOURGEOIS
	 	 	561874	 	 	 	1874	 
	 	6	 	 	TROTTER
	 	 	631883	 	 	 	1883	 
	 	7	 	 	JACKIE LEE
	 	 	632286	 	 	 	2286	 
	 	8	 	 	T. E. RAGSDALE
	 	 	553040	 	 	 	3040	 
	 	9	 	 	CRUSADER
	 	 	523245	 	 	 	3245	 
	 	10	 	 	STEVE A. MCKINNEY
	 	 	563295	 	 	 	3295	 
	 	11	 	 	INSPECTOR
	 	 	1023528	 	 	 	3528	 
	 	12	 	 	COLT
	 	 	633747	 	 	 	3747	 
	 	13	 	 	PINTO
	 	 	563968	 	 	 	3968	 
	 	14	 	 	MISS HARRIETT
	 	 	624032	 	 	 	4032	 
	 	15	 	 	HOWARD EVANS
	 	 	644042	 	 	 	4042	 
	 	16	 	 	BIG DADDY
	 	 	294085	 	 	 	4085	 
	 	17	 	 	CLYDESDALE
	 	 	584128	 	 	 	4128	 
	 	18	 	 	JACK CROWLEY
	 	 	585021	 	 	 	5021	 
	 	19	 	 	NANCY ALLEN
	 	 	575327	 	 	 	5327	 
	 	20	 	 	SURVEYOR
	 	 	505710	 	 	 	5710	 
	 	21	 	 	BELGIAN
	 	 	626287	 	 	 	6287	 
	 	22	 	 	C-MC
	 	 	656818	 	 	 	6818	 
	 	23	 	 	BUD WEBER
	 	 	636848	 	 	 	6848	 
	 	24	 	 	MIKE BREEN
	 	 	629000	 	 	 	9000	 
	 	25	 	 	DON STEPHENS
	 	 	619667	 	 	 	9667	 

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