Document:

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                                                                    EXHIBIT 10.1

                            LIFEPOINT HOSPITALS, INC.
                          1998 LONG-TERM INCENTIVE PLAN

                 AS AMENDED AND RESTATED EFFECTIVE JUNE 30, 2005

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                            LIFEPOINT HOSPITALS, INC.
                          1998 LONG-TERM INCENTIVE PLAN

                 AS AMENDED AND RESTATED EFFECTIVE JUNE 30, 2005

                                TABLE OF CONTENTS

<TABLE>
<S>                                                                            <C>
1.    Purpose of The Plan.......................................................3
2.    Definitions...............................................................3
3.    Shares of Common Stock Subject to the Plan................................5
   3.1.     Number of Shares....................................................5
   3.2.     Adjustments.........................................................5
4.    Administration of the Plan................................................6
   4.1.     Committee Members...................................................6
   4.2.     Discretionary Authority.............................................6
   4.3.     Changes to Awards...................................................6
5.   Award Eligibility, Features and Restrictions...............................6
   5.1.     Terms of Awards.....................................................6
   5.2.     Section 162(m) Awards...............................................6
   5.3.     Deferral of Compensation............................................7
   5.4.     Rights as Stockholder...............................................7
   5.5.     Issuance and Delivery of Shares.....................................7
   5.6.     Section 83(b) Election..............................................8
6.    Stock Options.............................................................8
   6.1.     Grant of Option.....................................................8
   6.2.     Exercise Price......................................................8
   6.3.     Vesting; Term of Option.............................................8
   6.4.     Option Exercise; Withholding........................................8
   6.5.     Limited Transferability of Non-qualified Options....................9
   6.6.     Additional Rules for Incentive Stock Options........................9
      (a)     Annual Limits.....................................................9
      (b)     Termination of Employment.........................................9
      (c)     Other Terms and Conditions; Nontransferability....................9
      (d)     Disqualifying Dispositions.......................................10
   6.7.    Restrictions on Transfer of Stock...................................10
   6.8.    Restrictions on Repricing of Options................................10
7.    Stock Appreciation Rights................................................10
   7.1.     Grant of SARs......................................................10
   7.2.     Payment of SARs....................................................10
8.    Restricted Stock Award...................................................10
   8.1.     Grant of Restricted Stock Awards...................................11
   8.2.     Vesting Requirements...............................................11
9.    Performance Awards.......................................................11
   9.1.     Grant of Performance Awards........................................11
   9.2.     Payment of Performance Awards......................................11
   9.3.     Performance Criteria...............................................11
10.      Restricted Stock Units................................................11
   10.1.   Grant of Restricted Stock Units.....................................11
   10.2.   Payment of Restricted Stock Units...................................12
</TABLE>

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<TABLE>
<S>                                                                            <C>
11.     Dividend Equivalent Award..............................................12
   11.1.    Grant of a Dividend Equivalent Awards..............................12
   11.2.    Payment of Dividend Equivalent Awards..............................12
12.      Change in Control.....................................................12
   12.1.    Effect of Change in Control........................................12
   12.2.    Definition of Change in Control....................................13
13.      Award Agreements......................................................15
   13.1.    Form of Agreement..................................................15
   13.2.    Forfeiture Events..................................................15
14.      General Provisions....................................................15
   14.1.    No Assignment or Transfer; Beneficiaries...........................15
   14.2.    Deferrals of Payment...............................................15
   14.4.    Employment or Service..............................................15
   14.6.    Tax Withholding....................................................15
   14.7.    Unfunded Plan......................................................16
   14.8.    Other Compensation and Benefit Plans...............................16
   14.9.    Plan Binding on Transferees........................................16
   14.10.   Construction and Interpretation....................................16
   14.11.   Severability.......................................................16
   14.12.   Governing Law......................................................16
15.     Effective Date, Termination and Amendment..............................16
   15.1     Effective Date; Shareholder Approval...............................16
   15.2.    Termination........................................................17
   15.3.    Amendment..........................................................17
</TABLE>

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                            LIFEPOINT HOSPITALS, INC.
                          1998 LONG-TERM INCENTIVE PLAN

                 AS AMENDED AND RESTATED EFFECTIVE JUNE 30, 2005

                                    RECITALS:

         WHEREAS, LifePoint Hospitals, Inc. (the "Corporation") established the
LifePoint Hospitals, Inc. 1998 Long-Term Incentive Plan (the "Plan") effective
November 5, 1998;

         WHEREAS, since the Plan was established, the Corporation has become a
separate entity from HCA Inc. (f.k.a. Columbia/HCA) through a spin-off
transaction, and the equity securities of the Corporation have become
publicly-traded on the Nasdaq National Market; and

          WHEREAS, the Corporation desires to amend and restate the Plan,
subject to approval of its stockholders, to: (i) eliminate references to
Columbia/HCA, (ii) increase the number of shares of the Corporation's common
stock that are available for awards, (iii) set limits on the number of shares in
the Plan that may be subject to certain time-lapse awards, (iv) revise the
provisions regarding performance based compensation in the Plan so that they are
consistent with the Corporation's Executive Performance Incentive Plan, (v) add
requirements for termination of employment or termination of award as a
condition to receiving additional rights upon the change in control of the
Corporation, (vi) modify the types of equity incentive awards available under
the Plan by eliminating phantom stock awards, adding restricted stock units, and
clarifying certain terms to comply with section 409A of the Internal Revenue
Code so that awards effectively defer compensation, and (vii) eliminate
provisions for automatic expiration of the Plan so that it will continue until
terminated by the Corporation;

          NOW, THEREFORE, the Plan is hereby amended and restated as follows, to
be effective with respect to awards granted on and after June 30, 2005, provided
that the terms of the Plan prior to such amendment shall apply to all awards
previously granted:

1.        PURPOSE OF THE PLAN

          The purpose of the Plan is to promote the interests of the Corporation
and its stockholders by strengthening the Corporation's ability to attract,
motivate, and retain personnel upon whose judgment, initiative, and efforts the
financial success and growth of the business of the Corporation largely depend,
to offer such personnel additional incentives to put forth maximum efforts for
the success of the business, and to afford them an opportunity to acquire a
proprietary interest in the Corporation through stock ownership and other
rights.

2.        DEFINITIONS

          Wherever the following capitalized terms are used in this Plan, they
shall have the meanings specified below:

          (a) "Award" means an award of an Option, Restricted Stock Award, Stock
Appreciation Right, Performance Award, Restricted Stock Unit or Dividend
Equivalent Award under the Plan.

          (b) "Award Agreement" means an agreement entered into between the
Corporation and a Participant setting forth the terms and conditions of an Award
granted to a Participant.

          (c)   "Board" means the Board of Directors of the Corporation.

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          (d) "Change in Control" shall have the meaning specified in Section 12
hereof.

          (e) "Code" means the Internal Revenue Code of 1986, as amended.

          (f) "Committee" means the committee of the Board appointed to
administer the Plan and shall consist of two or more directors of the
Corporation (i) none of whom shall be officers or employees of the Corporation,
and (ii) each of whom (to the extent deemed necessary or appropriate by the
Board) is an "outside director" within the meaning of section 162(m) of the
Code, a "non-employee director" within the meaning of Rule 16b-3 of the
Securities Exchange Act of 1934 and an "independent director" under the listing
standards of The Nasdaq Stock Market. The members of the Committee shall be
appointed by and serve at the pleasure of the Board. If the applicable Board
shall so direct, designated members of the applicable Committee shall act as a
separate subcommittee, which shall administer the Plan as to all Section 162(m)
Awards. In such event, all references herein to the applicable Committee
relating to Section 162(m) Awards shall be considered to refer only to the
applicable separate subcommittee.

          (g) "Common Stock" means the common stock of the Corporation.

          (h) "Corporation" means LifePoint Hospitals, Inc., a Delaware
corporation, and its predecessors.

          (i) "Date of Grant" means the date on which an Award under the Plan is
made by the Committee, or such later date as the Committee may specify to be the
effective date of the Award.

          (j) "Dividend Equivalent Award" means an Award under Section 11 hereof
entitling the Participant to receive payments with respect to dividends declared
on the Common Stock.

          (k) "Eligible Person" means any person who is an Employee of the
Corporation or any of its Subsidiaries and, in the case of Awards other than
Incentive Stock Options, any consultant or other independent contractor (not
including any non-employee outside director) providing services to the
Corporation or a Subsidiary.

          (l) "Employee" means any person who is employed as a common-law
employee.

          (m) "Fair Market Value" of a share of Common Stock as of a given date
shall mean the closing sales price of the Common Stock on the Nasdaq Stock
Market on the trading day immediately preceding the date as of which the Fair
Market Value is to be determined, or, in the absence of any reported sales of
Shares on such date, on the first preceding date on which any such sale shall
have been reported (in either case, as reported in the Two Star Edition of The
Wall Street Journal). If the Common Stock is not listed on the Nasdaq Stock
Market on the date as of which Fair Market Value is to be determined, the
Committee shall in good faith determine the Fair Market Value in whatever manner
it considers appropriate.

          (n) "Incentive Stock Option" means an option to purchase Common Stock
that is intended to qualify as an incentive stock option under section 422 of
the Code and the Treasury Regulations thereunder.

          (o) "Non-qualified Stock Option" means an option to purchase Common
Stock that is not an Incentive Stock Option.

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          (p) "Option" means an Incentive Stock Option or a Non-qualified Stock
Option granted under Section 6 hereof.

          (q) "Participant" means any Eligible Person who holds an outstanding
Award under the Plan.

          (r) "Plan" means the LifePoint Hospitals, Inc. 1998 Long-Term
Incentive Plan as set forth herein, as it may be amended from time to time.

          (s) "Performance Award" means an Award under Section 9 hereof
entitling a Participant to a payment based on the Fair Market Value of a share
of Common Stock (a "Performance Share") or based on specified dollar units (a
"Performance Unit") at the end of a performance period upon the satisfaction of
conditions specified in the Award.

          (t) "Restricted Stock Award" means an Award under Section 8 hereof
entitling a Participant to shares of Common Stock that are nontransferable and
subject to forfeiture until specific conditions established by the Committee are
satisfied.

          (u) "Restricted Stock Unit" means an Award under Section 10 hereof
entitling a Participant to a payment of Common Stock at the completion of a
vesting or performance period.

          (v) "Section 162(m) Award" means any Award that is intended to qualify
for the performance-based compensation exemption under section 162(m) of the
Code.

          (w) "Stock Appreciation Right" or "SAR" means an Award under Section 7
hereof entitling a Participant to receive an amount, representing the difference
between the base price per share of the right and the Fair Market Value of a
share of Common Stock on the date of exercise.

          (x) "Subsidiary" means an entity (whether or not a corporation) that
is wholly or majority owned or controlled, directly or indirectly, by the
Corporation, or any other affiliate of the Corporation that is so designated,
from time to time, by the Committee; provided, however, that with respect to
Incentive Stock Options, the term "Subsidiary" shall include only an entity that
qualifies under section 424(f) of the Code as a "subsidiary corporation" with
respect to the Corporation.

3.        SHARES OF COMMON STOCK SUBJECT TO THE PLAN

          3.1. Number of Shares. Subject to the following provisions of this
Section 3, the aggregate number of shares of Common Stock that may be issued
pursuant to all Awards under the Plan is 13,625,000 shares of Common Stock;
provided, however, that no more than 2,125,000 of such shares of Common Stock
may be issued pursuant to Performance Awards, Restricted Stock Units and
Restricted Stock Awards in the aggregate. The shares of Common Stock to be
delivered under the Plan will be made available from authorized but unissued
shares of Common Stock or issued shares that have been reacquired by the
Corporation. To the extent that an Award is forfeited, the shares of Common
Stock covered thereby will no longer be charged against the foregoing maximum
share limitations and may again be made subject to Awards under the Plan
pursuant to such limitations.

          3.2. Adjustments. If there shall occur any recapitalization,
reclassification, stock dividend, stock split, reverse stock split, or other
distribution with respect to the shares of Common Stock, or other change in
corporate structure affecting the Common Stock, the Committee may, in the manner
and to the extent that it deems appropriate and equitable to the Participants
and consistent with the terms of this Plan, cause an adjustment to be made in
(i) the maximum number and kind of shares provided in Section 3.1 hereof, (ii)
the maximum number and kind of shares set forth in Sections 6.1, 7.1, 8.1 and
9.4 hereof,

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(iii) the number and kind of shares of Common Stock, share units, or other
rights subject to then outstanding Awards, (iv) the price for each share or unit
or other right subject to then outstanding Awards, (v) the performance targets
or goals applicable to any outstanding Performance Awards (subject to such
limitations as are considered appropriate for Section 162(m) Awards), or (vi)
any other terms of an Award that are affected by the event. Notwithstanding the
foregoing, in the case of Incentive Stock Options, any such adjustments shall be
made in a manner consistent with the requirements of section 424(a) of the Code
and, to the extent considered advisable by the Committee, in a manner consistent
with the requirements of section 162(m) of the Code.

4.        ADMINISTRATION OF THE PLAN

          4.1. Committee Members. The Plan shall be administered by the
Committee. The Committee shall have such powers and authority as may be
necessary or appropriate for the Committee to carry out its functions as
described in the Plan. No member of the Committee shall be liable for any action
or determination made in good faith by the Committee with respect to the Plan or
any Award thereunder.

          4.2. Discretionary Authority. Subject to the express limitations of
the Plan, the Committee shall have authority in its discretion to determine the
Eligible Persons to whom, and the time or times at which, Awards may be granted,
the number of shares, units or other rights subject to each Award, the exercise,
base or purchase price of an Award (if any), the time or times at which an Award
will become vested, exercisable or payable, the performance criteria,
performance goals and other conditions of an Award, the duration of the Award,
and all other terms of the Award. The Committee shall also have discretionary
authority to interpret the Plan, to make all factual determinations under the
Plan, and to make all other determinations necessary or advisable for Plan
administration. The Committee may prescribe, amend, and rescind rules and
regulations relating to the Plan. All interpretations, determinations, and
actions by the Committee shall be final, conclusive, and binding upon all
parties.

          4.3. Changes to Awards. The Committee shall have the authority,
subject to the provisions of, to effect, at any time and from time to time, (i)
the cancellation of any or all outstanding Awards and the grant in substitution
therefor of new Awards covering the same or different numbers of shares of
Common Stock and having an exercise or base price which may be the same as or
different than the exercise or base price of the cancelled Awards; provided,
however, that, as provided in Section 6.8, the Committee may not lower the
exercise price of an Option that has been granted hereunder, nor replace or
regrant the Option through cancellation without stockholder approval, or (ii)
the amendment of the terms of any and all outstanding Awards; provided, however,
that no such action by the Committee may adversely impair the rights of a
Participant (or any permitted transferee) under any outstanding Award without
the consent of the Participant (or transferee). The Committee may in its
discretion accelerate the vesting or exercisability of an Award at any time or
on the basis of any specified event.

5.        AWARD ELIGIBILITY, FEATURES AND RESTRICTIONS

          5.1. Terms of Awards. All Eligible Persons are eligible to be
designated by the Committee to receive an Award under the Plan. The Committee
has authority, in its sole discretion, to determine and designate from time to
time those Eligible Persons who are to be granted Awards, the types of Awards to
be granted and the number of shares or units subject to the Awards that are
granted under the Plan. Each Award will be evidenced by an Award Agreement
between the Corporation and the Participant that shall include such terms and
conditions (consistent with the Plan) as Committee may determine; provided,
however, that failure to issue an Award Agreement shall not invalidate an Award.

          5.2. Section 162(m) Awards. For any Award, other than an Option or
SAR, that the Committee determines should be a Section 162(m) Award, the grant
of the Award and its terms shall be

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made pursuant to the LifePoint Hospitals, Inc. Executive Performance Incentive
Plan, and the terms thereof shall control over any inconsistent provision of
this Plan with regard to such Section 162(m) Awards.

          5.3 Deferral of Compensation. Generally, the Corporation intends for
compensation income to be deferred until the time and to the extent that Awards
are exercised or become vested. Therefore, notwithstanding any provision herein
to the contrary, the Committee is authorized to make Awards that include terms
that are consistent with or necessary for satisfaction of the requirements for
compensation deferral under section 409A of the Code.

          5.4. Rights as Stockholder. Unless otherwise stated in an Award
Agreement, a Participant will at the time an Award is granted have all rights of
a stockholder with respect to any shares of Common Stock that are transferred
pursuant to a Performance Share Award or Restricted Stock Award. Such rights
include the right to vote the shares and receive all dividends and other
distributions paid or made with respect thereto. A Participant shall not have
stockholder rights until shares of Common Stock are transferred upon the
exercise of an Option or SAR or upon the vesting of Restricted Stock Units.
Except as provided in Section 3.2 hereof, no adjustment or other provision shall
be made for dividends or other stockholder rights until a Participant has become
a stockholder with respect to an Award, except to the extent that the Award
Agreement is a Dividend Equivalent Award, or otherwise provides for dividend
payments or similar economic benefits.

          5.5. Issuance and Delivery of Shares. Shares of Common Stock that are
transferred or become transferable pursuant to an Award shall be issued as
specified in this Section, but subject to the restrictions specified herein
and/or in an Award Agreement.

                   (a) Date of Issuance. Shares of Common Stock to be issued
pursuant to an Award shall be delivered to Participants by the Corporation (or
its transfer agent) as soon as administratively feasible after (i) a Participant
receives a Restricted Stock Award or Performance Share Award, or the Date of
Exercise with respect to an Option or SAR, or the vesting of Restricted Stock
Units, and (ii) all conditions for transfer of Stock specified in an Award have
occurred; provided, however, that the Corporation may condition the delivery of
shares on the Participant's execution of any applicable stockholder agreement or
agreement described in paragraph (d) of this Section that the Corporation
requires at the time of exercise; and provided further that the Corporation may
delay the delivery of Stock until all restrictions specified in an Award have
lapsed and the Common Stock is no longer subject to a substantial risk of
forfeiture.

                   (b) Transfer Restrictions. Common Stock granted under any
Restricted Stock or Performance Award may not be transferred, assigned or
subject to any encumbrance, pledge, or charge until all applicable restrictions
are removed or have expired, unless otherwise allowed by the Committee. The
Committee may require the Participant to enter into an escrow agreement
providing that the certificates representing the shares granted or sold under
the Award will remain in the physical custody of the Corporation or an escrow
holder until all restrictions are removed or have expired. The Committee may
also require that shares subject to an Award be listed in "book" form and not
certificated until vested. Failure to satisfy any applicable restrictions shall
result in the subject shares of the Award being forfeited and returned to the
Corporation, with any purchase price paid by the Participant to be refunded,
unless otherwise provided by the Committee. The Committee may require that
certificates representing the shares granted under an Award bear a legend making
appropriate reference to the restrictions imposed.

                   (c) Securities Law Compliance. Notwithstanding anything
herein to the contrary, no Award shall be exercisable, no Common Stock shall be
issued, no certificates for shares of Stock shall be delivered, and no payment
shall be made under this Plan except in compliance with all federal or state

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laws and regulations (including, without limitation, withholding tax
requirements), federal and state securities laws and regulations and the rules
of all securities exchanges or self-regulatory organizations on which the
Corporation's shares may be listed. The Corporation shall have the right to rely
on an opinion of its counsel as to such compliance. Any certificate issued to
evidence shares of Stock issued pursuant to this Plan may bear such legends and
statements as the Committee upon advice of counsel may deem advisable to assure
compliance with federal or state laws and regulations.

                   (d) Representations by Participants. As a condition to the
receipt of or the transfer of Common Stock pursuant to an Award, the Corporation
may require a Participant to represent and warrant at the time that the shares
are being acquired only for investment and without any present intention to sell
or distribute such shares. At the option of the Corporation, a stop transfer
order against any shares of stock may be placed on the official stock books and
records of the Corporation, and a legend indicating that the stock may not be
pledged, sold or otherwise transferred unless an opinion of counsel was provided
(concurred in by counsel for the Corporation) and stating that such transfer is
not in violation of any applicable law or regulation may be stamped on the stock
certificate in order to assure exemption from registration. The Committee may
also require such other action or agreement by the Participants as may from time
to time be necessary to comply with federal or state securities laws. This
provision shall not obligate the Corporation or any Subsidiary to undertake
registration of options or stock hereunder.

          5.6. Section 83(b) Election. The Committee may provide in an Award
Agreement that the Award is conditioned upon the Participant's refraining from
making an election with respect to the Award under section 83(b) of the Code.
Irrespective of whether an Award is so conditioned, if a Participant makes an
election pursuant to section 83(b) of the Code with respect to a Restricted
Stock Award, the Participant shall be required to promptly file a copy of such
election with the Corporation.

6.        STOCK OPTIONS

          6.1. Grant of Option. An Option may be granted to any Eligible Person
selected by the Committee; provided, however, that only Employees of the
Corporation or a Subsidiary shall be eligible to receive Incentive Stock
Options. Subject to the applicable provisions of section 422 of the Code, each
Option shall be designated, in the discretion of the Committee, as an Incentive
Stock Option or a Non-qualified Stock Option. The maximum number of shares of
Common Stock that may be granted under Options to any Participant during any
calendar year shall be limited to 700,000 shares (subject to adjustment as
provided in Section 3.2 hereof).

          6.2. Exercise Price. The exercise price under any Option shall be
determined by the Committee; provided, however, that the exercise price per
share under an Option shall not be less than 100% of the Fair Market Value per
share of the Common Stock on the Date of Grant.

          6.3. Vesting; Term of Option. The Committee, in its sole discretion,
shall prescribe the time or times at which, or the conditions upon which, an
Option or portion thereof shall become vested and exercisable, and may
accelerate the exercisability of any Option at any time. The period during which
a vested Option may be exercised shall be ten years from the Date of Grant,
unless a shorter exercise period is specified by the Committee in an Award,
subject to such limitations as may apply under an Award relating to the
termination of a Participant's employment or other service with the Corporation
or any Subsidiary.

          6.4. Option Exercise; Withholding. Subject to such terms and
conditions as shall be specified in an Award, an Option may be exercised in
whole or in part at any time during the term thereof by written notice to the
Corporation, together with payment of the aggregate exercise price therefor.
Payment

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of the exercise price shall be made (i) in cash or by cash equivalent, (ii) at
the discretion of the Committee, in shares of Common Stock acceptable to the
Committee, valued at the Fair Market Value of such shares on the date of
exercise, (iii) at the discretion of the Committee, by a delivery of a notice
that the Participant has placed a market sell order (or similar instruction)
with a broker with respect to shares of Common Stock then issuable upon exercise
of the Option, and that the broker has been directed to pay a sufficient portion
of the net proceeds of the sale to the Corporation in satisfaction of the Option
exercise price (conditioned upon the payment of such net proceeds), (iv) at the
discretion of the Committee, by a combination of the methods described above, or
(v) by such other method as may be approved by the Committee and set forth in
the Award. As an additional condition to the exercise of any Award, the
Participant shall at the time of exercise pay to the Corporation the full amount
of any and all applicable income tax and employment tax amounts required to be
withheld in connection with such exercise, payable under such of the methods
described above for the payment of the exercise price of the Options as may be
approved by the Committee.

          6.5. Limited Transferability of Non-qualified Options. All Options
shall be nontransferable except (i) upon the Participant's death, by the
Participant's will or the laws of descent and distribution or (ii) in the case
Non-qualified Stock Options only, on a case-by-case basis as may be approved by
the Committee in its discretion, in accordance with the terms provided below. An
Award Agreement for a Non-qualified Stock Option may provide that the
Participant shall be permitted to, during his or her lifetime and subject to the
prior approval of the Committee at the time of proposed transfer, transfer all
or part of the Option to the Participant's family member (as defined in the
Award Agreement in a manner consistent with the requirements for registration on
SEC Form S-8, if applicable). Any such transfer shall be subject to the
condition that it is made by the Participant for estate planning, tax planning,
donative purposes or pursuant to a domestic relations order, and no
consideration (other than nominal consideration) is received by the Participant
therefor. The transfer of a Non-qualified Stock Option may be subject to such
other terms and conditions as the Committee may in its discretion impose from
time to time, including a condition that the portion of the Option to be
transferred be vested and exercisable by the Participant at the time of the
transfer. Subsequent transfers of an Option shall be prohibited other than by
will or the laws of descent and distribution upon the death of the transferee.

          6.6.     Additional Rules for Incentive Stock Options.

                   (a) Annual Limits. To the extent that the aggregate Fair
Market Value of Stock with respect to which Incentive Stock Options are
exercisable for the first time by a Participant during any calendar year (under
all stock incentive plans of the Corporation and its Subsidiaries) exceeds
$100,000 (or the amount specified in section 422 of the Code), determined as of
the date an Incentive Stock Option is granted, such Options shall be treated as
Nonqualified Options. This provision shall be applied by taking Incentive Stock
Options into account in the order in which they were granted.

                   (b) Termination of Employment. An Award of an Incentive Stock
Option may provide that such Option may be exercised not later than three months
following termination of employment of the Participant with the Corporation and
all Subsidiaries, subject to special rules relating to death and disability, as
and to the extent determined by the Committee to be appropriate with regard to
the requirements of section 422 of the Code and Treasury Regulations thereunder.

                   (c) Other Terms and Conditions; Nontransferability. Any
Incentive Stock Option granted hereunder shall contain such additional terms and
conditions, not inconsistent with the terms of this Plan, as are deemed
necessary or desirable by the Committee, which terms, together with the terms of
this Plan, shall be intended and interpreted to cause such Incentive Stock
Option to qualify as an "incentive stock option" under section 422 of the Code.
Such terms shall include, if applicable, limitations on Incentive Stock Options
granted to 10% owners of the Corporation. Unless otherwise stated in an

<PAGE>

Award Agreement, an Option that is intended to be an Incentive Stock Option
shall be treated as a Non-qualified Stock Option to the extent that certain
requirements applicable to "incentive stock options" under the Code are not be
satisfied. An Incentive Stock Option shall by its terms be nontransferable
otherwise than by will or by the laws of descent and distribution, and shall be
exercisable during the lifetime of a Participant only by such Participant.

                   (d) Disqualifying Dispositions. If shares of Common Stock
acquired by exercise of an Incentive Stock Option are disposed of within two
years following the Date of Grant or one year following the transfer of such
shares to the Participant upon exercise, the Participant shall, promptly
following such disposition, notify the Corporation in writing of the date and
terms of such disposition and provide such other information regarding the
disposition as the Committee may reasonably require.

          6.7. Restrictions on Transfer of Stock. The Committee may, in its sole
discretion, impose in any Award of an Option restrictions on the transferability
of the shares of Common Stock issued upon exercise of such Option. If any such
restrictions are imposed, the Committee may require the Participant to enter
into an escrow agreement providing that the certificates representing the shares
subject to such transfer restrictions will remain in the physical custody of an
escrow holder until such restrictions are removed or have expired. The Committee
may require that certificates representing the shares subject to such
restrictions bear a legend making appropriate reference to the restrictions
imposed. Subject to any restrictions imposed in accordance with this Section
6.7, the Participant will have all rights of a stockholder with respect to any
such shares acquired upon an Option exercise, including the right to vote the
shares and receive all dividends and other distributions paid or made with
respect thereto.

          6.8. Restrictions on Repricing of Options. With respect to an Option
that has been granted hereunder, the exercise price may not be lowered, nor may
the Option be replaced or regranted through cancellation without stockholder
approval.

7.        STOCK APPRECIATION RIGHTS

          7.1. Grant of SARs. A Stock Appreciation Right granted to a
Participant is an Award in the form of a right to receive, upon surrender of the
right but without other payment, an amount based on appreciation in the Fair
Market Value of the Common Stock over a base price established for the Award,
exercisable at such time or times and upon conditions as may be approved by the
Committee. Each SAR will be based on a number of shares of Common Stock, and the
limitations specified in Section 3.1 will be calculated by reference to the
number of shares covered by each SAR. The base price of an SAR shall not be less
than 100% of the Fair Market Value of the Common Stock covered by the SAR on the
Date of Grant. The period for exercise will be determined by the Committee but
shall not be for a period that exceeds ten years after the Date of Grant.

          7.2. Payment of SARs. An SAR will entitle the holder, upon exercise of
the SAR, to receive payment of an amount determined by multiplying: (i) the
excess of the Fair Market Value of a share of Common Stock on the date of
exercise of the SAR over the base price of such SAR, by (ii) the number of
shares as to which such SAR is exercised. Payment of the amount determined under
the foregoing shall be made (1) in shares of Common Stock valued at their Fair
Market Value on the date of exercise, or (2) cash, but only to the extent
specified in an SAR Award by the Committee in its sole discretion, and provided
that such cash payments are determined to be permissible for purposes of
deferral of compensation under section 409A of the Code.

<PAGE>

8.        RESTRICTED STOCK AWARD

          8.1. Grant of Restricted Stock Awards. Award of Restricted Stock to a
Participant represents shares of Common Stock that are issued subject to such
restrictions on transfer and other incidents of ownership and such forfeiture
conditions as the Committee may determine. The Committee may, in connection with
any Restricted Stock Award, require the payment of a specified purchase price.

          8.2. Vesting Requirements. The restrictions imposed on shares granted
under a Restricted Stock Award shall lapse in accordance with the vesting
requirements specified by the Committee in the Award Agreement. Such vesting
requirements may be based on the continued employment of the Participant with
the Corporation or its Subsidiaries for a specified time period or periods,
provided that any such restriction shall not be scheduled to lapse in its
entirety earlier than the first anniversary of the Date of Grant. Such vesting
requirements may also be based on the attainment of specified business goals or
measures established by the Committee. Except for Section 162(m) Awards, the
performance criteria upon which the vesting of a Restricted Stock Award is
conditioned shall be determined by the Committee in its sole discretion.

9.        PERFORMANCE AWARDS

          9.1. Grant of Performance Awards. The Committee may grant Performance
Awards under the Plan, which shall be represented by units denominated on the
Date of Grant either in shares of Common Stock (Performance Shares) or in
dollars (Performance Units). At the time a Performance Award is granted, the
Committee shall determine, in its sole discretion, one or more performance
periods and performance goals to be achieved during the applicable performance
periods, as well as such other restrictions and conditions as the Committee
deems appropriate. In the case of Performance Units, the Committee shall also
determine a target unit value or a range of unit values for each Award. No
performance period shall exceed ten years from the Date of Grant. The
performance goals applicable to a Performance Award grant may be subject to such
later revisions as the Committee shall deem appropriate to reflect significant
unforeseen events, such as changes in law, accounting practices or unusual or
nonrecurring items or occurrences. The Committee's authority to make such
adjustments shall be subject to such limitations as the Committee deems
appropriate in the case of a Performance Award that is a Section 162(m) Award.
The maximum amount of compensation that may be payable to a Participant during
any one calendar year under a Performance Unit Award shall be $4.2 million.

          9.2. Payment of Performance Awards. At the end of the performance
period, the Committee shall determine the extent to which performance goals have
been attained, or a degree of achievement between minimum and maximum levels, in
order to establish the level of payment to be made, if any, and shall determine
if payment is to be made in the form of cash or shares of Common Stock (valued
at their Fair Market Value at the time of payment) or a combination of cash and
shares of Common Stock. Payments of Performance Awards shall generally be made
as soon as practicable following the end of the performance period.

          9.3. Performance Criteria. Except for Section 162(m) Awards, the
performance criteria upon which the payment or vesting of a Performance Award is
conditioned shall be determined by the Committee in its sole discretion.

10.       RESTRICTED STOCK UNITS

          10.1. Grant of Restricted Stock Units. A Restricted Stock Unit is an
Award to receive a number of shares of Common Stock upon the achievement of
performance or other conditions that are stated in the Award. A Restricted Stock
Unit shall be subject to such restrictions and conditions as the

<PAGE>

Committee shall determine. On the Date of Grant, the Committee shall determine,
in its sole discretion, the installment or other vesting period of the
Restricted Stock Unit, and/or performance conditions, and the maximum value of
the Restricted Stock Unit, if any. No vesting period shall exceed 10 years from
the Date of Grant. A Restricted Stock Unit may be granted, at the discretion of
the Committee, together with a Dividend Equivalent Award covering the same
number of shares.

          10.2. Payment of Restricted Stock Units. A Participant shall be
entitled to payment on the vesting date or dates provided in an Award and shall
receive shares of Common Stock as Restricted Stock Units become vested, as
stated in the terms of the Award.

11.       DIVIDEND EQUIVALENT AWARD

          11.1. Grant of a Dividend Equivalent Awards. A Dividend Equivalent
Award granted to a Participant is an Award in the form of a right to receive
cash payments determined by reference to dividends declared on the Common Stock
from time to time during the term of the Award, which shall not exceed 10 years
from the Date of Grant. Dividend Equivalent Awards may be granted on a
stand-alone basis or in tandem with other Awards. Dividend Equivalent Awards
granted on a tandem basis shall expire at the time the underlying Award is
exercised or otherwise becomes payable to the Participant, or expires.

          11.2. Payment of Dividend Equivalent Awards. Dividend Equivalent
Awards shall be payable in cash or in shares of Common Stock, valued at their
Fair Market Value on either the date the related dividends are declared or the
date the Dividend Equivalent Awards are paid to a Participant, as determined by
the Committee. Dividend Equivalent Awards shall be payable to a Participant as
soon as practicable following the time dividends are declared and paid with
respect to the Common Stock, or at such later date as the Committee shall
specify in the Award Agreement. Dividend Equivalent Awards granted with respect
to Options intended to qualify as a Section 162(m) Award shall be payable
regardless of whether the Option is exercised.

12.       CHANGE IN CONTROL

          12.1. Effect of Change in Control. Unless stated otherwise in an Award
Agreement, the provisions of this Section 12.1 will apply to outstanding Awards
at the time of a Change in Control to the extent of rights under such Awards
that have not been previously forfeited. The surviving corporation or entity or
acquiring corporation or entity, or affiliate of such corporation or entity, may
assume any Awards outstanding under the Plan or substitute similar equity and
incentive awards (including an award to acquire the same consideration paid to
the stockholders in the transaction described in this Section 12) for those
outstanding under the Plan.

          (a) In the event that any surviving corporation or entity or acquiring
corporation or entity in a Change in Control, or affiliate of such corporation
or entity, does not assume such Awards and does not substitute similar awards
for those outstanding under the Plan, then (i) all Awards outstanding shall,
immediately prior to the Change in Control event, become fully vested to the
extent not previously forfeited and, with respect to Options and SARs, fully
exercisable, and (ii) any Options or SARs that are not exercised shall be
terminated upon the completion of the transaction that is the Change in Control
event.

          (b) In the event that any surviving corporation or entity or acquiring
corporation or entity in a Change in Control, or affiliate of such corporation
or entity, assumes Awards outstanding under the Plan at the time of the Change
in Control, or substitutes Awards with similar stock awards (including an award

<PAGE>

to acquire the same consideration paid to the stockholders in the transaction
described in this Section 12 for those outstanding under the Plan), and the
employment of a Participant is terminated without Cause or for Good Reason
within 18 months after the effective date of the Change in Control event, all
Awards held by such Participant shall become fully vested to the extent not
previously forfeited and, with respect to Options and SARs, fully exercisable.
The terms "Cause" and "Good Reason" shall have the same meanings as the same or
similar terms in any written employment agreement between the Participant and
the Corporation or Subsidiary or as specified in an Award Agreement. In the
absence of such a written agreement, such terms shall be defined as follows for
purposes of this Section 12:

                           (1) "Cause" means involuntary termination of
                   employment due to: (i) conviction of a crime of moral
                   turpitude that adversely affects the reasonable business
                   interests of the Corporation, (ii) commission of an act of
                   fraud, embezzlement, or material dishonesty against the
                   Corporation or any Subsidiary, or (iii) intentional neglect
                   of the responsibilities of employment, and such neglect
                   remains uncorrected for more than 30 days following written
                   notice from the Corporation detailing the acts of neglect.

                           (2) "Good Reason" means voluntary termination of
                   employment by the Participant because the terms of employment
                   are modified so that the position is not substantially
                   equivalent to the position held immediately prior to the time
                   of the Change in Control. A position is "substantially
                   equivalent" if it is the same or better than the position to
                   which it is being compared. A position is not substantially
                   equivalent unless (i) the cash compensation offered is the
                   same or higher than that earned immediately prior to the
                   Change in Control, (ii) deferred compensation, incentive and
                   equity compensation, and health and welfare benefits are, in
                   the aggregate, similar to those provided immediately prior to
                   the Change in Control, and (iii) the position does not
                   require the Participant to relocate or to commute more than
                   30 miles each way to the place of employment. The
                   Participant's right to voluntarily terminate employment for
                   "Good Reason" expires 180 days after beginning employment in
                   the position that is not "substantially equivalent" to the
                   Participant's prior position.

12.2. Definition of Change in Control. For purposes hereof, a "Change in
Control" shall be deemed to have occurred upon the occurrence of any of the
following after the date on which the Corporation becomes a publicly-held
Corporation:

                     (a) An acquisition (other than directly from the
Corporation) of any voting securities of the Corporation (the "Voting
Securities") by any "Person" (as the term Person is used for purposes of Section
13(d) or 14(d) of the Securities Exchange Act of 1934, as amended (the "1934
Act")) immediately after which such Person has "Beneficial Ownership" (within
the meaning of Rule 13d-3 promulgated under the 1934 Act) of 20% or more of the
combined voting power of the then outstanding Voting Securities; provided,
however, that in determining whether a Change in Control has occurred, Voting
Securities which are acquired in a "Non-Control Acquisition" (as hereinafter
defined) shall not constitute an acquisition which would cause a Change in
Control. A "Non-Control Acquisition" shall mean an acquisition by (i) an
employee benefit plan (or a trust forming a part thereof) maintained by (A) the
Corporation or (B) any corporation or other Person of which a majority of the
voting power or the equity securities or equity interests is owned directly or
indirectly by the Corporation (a "Control Subsidiary"), or (ii) the Corporation
or any Control Subsidiary.

                     (b) The individuals who, as of the date the Corporation
issues any class of equity securities required to be registered under section 12
of the 1934 Act, are members of the Board (the "Incumbent Board"), cease for any
reason to constitute at least two-thirds of the Board; provided, however, that
if the election or nomination for election by the Corporation's stockholders of
any new

<PAGE>

director was approved by a vote of at least two-thirds of the Incumbent Board,
such new director shall, for purposes of this Agreement, be considered as a
member of the Incumbent Board; provided, further, however, that no individual
shall be considered a member of the Incumbent Board if (i) such individual
initially assumed office as a result of either an actual or threatened "Election
Contest" (as described in Rule 14a-11 promulgated under the 1934 Act) or other
actual or threatened solicitation of proxies or consents by or on behalf of a
Person other than the Board (a "Proxy Contest") including by reason of any
agreement intended to avoid or settle any Election Contest or Proxy Contest or
(ii) such individual was designated by a Person who has entered into an
agreement with the Corporation to effect a transaction described in clause (a)
or (c) of this Section 12.2; or

                     (c) Consummation, after approval by stockholders of the
Corporation, of:

                         (1) A merger, consolidation or reorganization involving
                  the Corporation, unless,

                                   (A) The stockholders of the Corporation,
                  immediately before such merger, consolidation or
                  reorganization, own, directly or indirectly immediately
                  following such merger, consolidation or reorganization, at
                  least 75% of the combined voting power of the outstanding
                  Voting Securities of the corporation resulting from such
                  merger or consolidation or reorganization or its parent
                  corporation (the "Surviving Corporation") in substantially the
                  same proportion as their ownership of the Voting Securities
                  immediately before such merger, consolidation or
                  reorganization;

                                   (B) The individuals who were members of the
                  Incumbent Board immediately prior to the execution of the
                  agreement providing for such merger, consolidation or
                  reorganization constitute at least two-thirds of the members
                  of the board of directors of the Surviving Corporation; and

                                   (C) No Person (other than the Corporation,
                  any Control Subsidiary, any employee benefit plan (or any
                  trust forming a part thereof) maintained by the Corporation,
                  the Surviving Corporation or any Control Subsidiary, or any
                  Person who, immediately prior to such merger, consolidation or
                  reorganization, had Beneficial Ownership of 20% or more of the
                  then outstanding Voting Securities) has Beneficial Ownership
                  of 20% or more of the combined voting power of the Surviving
                  Corporation's then outstanding Voting Securities.

                          (2) A complete liquidation or dissolution of the
                  Corporation; or

                          (3) The sale or other disposition of all or
                  substantially all of the assets of the Corporation to any
                  Person (other than a transfer to a Control Subsidiary).

Notwithstanding the foregoing, a Change in Control shall not be deemed to occur
solely because any Person (the "Subject Person") acquired Beneficial Ownership
of more than the permitted amount of the outstanding Voting Securities as a
result of the acquisition of Voting Securities by the Corporation which, by
reducing the number of Voting Securities outstanding, increased the proportional
number of shares Beneficially Owned by the Subject Person, provided that if a
Change in Control would occur (but for the operation of this sentence) as a
result of the acquisition of Voting Securities by the Corporation, and after
such share acquisition by the Corporation, the Subject Person becomes the
Beneficial Owner of any additional Voting Securities which increases the
percentage of the then outstanding Voting Securities Beneficially Owned by the
Subject Person, then a Change in Control shall occur.

<PAGE>

13.       AWARD AGREEMENTS

          13.1. Form of Agreement. Each Award under this Plan shall be evidenced
by an Award Agreement in a form approved by the Committee setting forth the
number of shares of Common Stock, units or other rights (as applicable) subject
to the Award, the exercise, base, or purchase price (if any) of the Award, the
time or times at which an Award will become vested, exercisable or payable, the
duration of the Award, and in the case of Performance Awards, the applicable
performance criteria and goals. The Award Agreement shall also set forth other
material terms and conditions applicable to the Award as determined by the
Committee consistent with the limitations of this Plan. Award Agreements
evidencing Awards that are Section 162(m) Awards shall contain such terms and
conditions as may be necessary to meet the applicable requirements of section
162(m) of the Code and the LifePoint Hospitals, Inc. Executive Performance
Incentive Plan. Award Agreements evidencing Incentive Stock Options shall
contain such terms and conditions as may be necessary to meet the applicable
provisions of section 422 of the Code.

          13.2. Forfeiture Events. The Committee may specify in an Award that
the Participant's rights, payments and benefits with respect to an Award shall
be subject to reduction, cancellation, forfeiture or recoupment upon the
occurrence of certain specified events, in addition to any otherwise applicable
vesting or performance conditions of an Award. Such events shall include, but
shall not be limited to, termination of employment for cause, violation of
material Corporation or Subsidiary policies, breach of noncompetition,
confidentiality or other restrictive covenants that may apply to the
Participant, or other conduct by the Participant that is detrimental to the
business or reputation of the Corporation or any Subsidiary.

14.       GENERAL PROVISIONS

          14.1. No Assignment or Transfer; Beneficiaries. Except as provided in
Section 6.5 hereof, Awards under the Plan shall not be assignable or
transferable, except by will or by the laws of descent and distribution, and
during the lifetime of a Participant, the Award shall be exercised only by such
Participant or by his guardian or legal representative. Notwithstanding the
foregoing, the Committee may provide in the terms of an Award Agreement that the
Participant shall have the right to designate a beneficiary or beneficiaries who
shall be entitled to any rights, payments or other specified under an Award
following the Participant's death.

          14.2. Deferrals of Payment. Notwithstanding any other provisions of
the Plan, the Committee may permit a Participant to defer the receipt of payment
of cash or delivery of shares of Common Stock that would otherwise be due to the
Participant by virtue of the exercise of a right or the satisfaction of vesting
or other conditions with respect to an Award. If any such deferral is to be
permitted by the Committee, the Committee shall establish the rules and
procedures relating to such deferral, including, without limitation, the period
of time in advance of payment when an election to defer may be made, the time
period of the deferral and the events that would result in payment of the
deferred amount, the interest or other earnings attributable to the deferral and
the method of funding, if any, attributable to the deferred amount. Such
deferrals are also subject to any additional requirements of section 409A of the
Code.

          14.4. Employment or Service. Nothing in the Plan, in the grant of any
Award or in any Award Agreement shall confer upon any Eligible Person the right
to continue in the capacity in which he is employed by, or otherwise serves, the
Corporation or any Subsidiary.

          14.6. Tax Withholding. Upon any taxable event that occurs with respect
to the grant, exercise or lapse of restrictions with respect to an Award, or
otherwise, the Participant shall, upon

<PAGE>

notification of the amount due and as a condition to exercise of an Award, pay
to the Corporation amounts necessary to satisfy applicable federal, state and
local withholding tax requirements or shall otherwise make arrangements
satisfactory to the Corporation for such requirements. Generally, such
withholding requirements shall not apply to the exercise of an Incentive Stock
Option, or to a disqualifying disposition of Stock that is acquired with an
Incentive Stock Option, unless the Committee gives the Participant notice that
withholding described in this Section is required. The Award Agreement may
specify the manner in which the withholding obligation shall be satisfied with
respect to the particular type of Award.

          14.7. Unfunded Plan. The adoption of this Plan and any setting aside
of cash amounts or shares of Common Stock by the Corporation with which to
discharge its obligations hereunder shall not be deemed to create a trust or
other funded arrangement. The benefits provided under this Plan shall be a
general, unsecured obligation of the Corporation payable solely from the general
assets of the Corporation, and neither a Participant nor the Participant's
permitted transferees or estate shall have any interest in any assets of the
Corporation by virtue of this Plan, except as a general unsecured creditor of
the Corporation. Notwithstanding the foregoing, the Corporation shall have the
right to implement or set aside funds in a grantor trust, subject to the claims
of the Corporation's creditors, to discharge its obligations under the Plan.

          14.8. Other Compensation and Benefit Plans. The adoption of the Plan
shall not affect any other stock incentive or other compensation plans in effect
for the Corporation or any Subsidiary, nor shall the Plan preclude the
Corporation from establishing any other forms of stock incentive or other
compensation for employees of the Corporation or any Subsidiary. The amount of
any compensation deemed to be received by a Participant pursuant to an Award
shall not constitute compensation with respect to which any other employee
benefits of such Participant are determined, including, without limitation,
benefits under any bonus, pension, profit sharing, life insurance or salary
continuation plan, except as otherwise specifically provided by the terms of
such plan.

          14.9. Plan Binding on Transferees. The Plan shall be binding upon the
Corporation, its transferees and assigns, and the Participant, his executor,
administrator and permitted transferees and beneficiaries.

          14.10. Construction and Interpretation. Whenever used herein, nouns in
the singular shall include the plural, and the masculine pronoun shall include
the feminine gender. Headings of Articles and Sections hereof are inserted for
convenience and reference and constitute no part of the Plan.

          14.11. Severability. If any provision of the Plan or any Award
Agreement shall be determined to be illegal or unenforceable by any court of law
in any jurisdiction, the remaining provisions hereof and thereof shall be
severable and enforceable in accordance with their terms, and all provisions
shall remain enforceable in any other jurisdiction.

          14.12. Governing Law. The validity and construction of this Plan and
of the Award Agreements shall be governed by the laws of the State of Delaware.

15.       EFFECTIVE DATE, TERMINATION AND AMENDMENT

          15.1. Effective Date; Stockholder Approval. The Effective Date of this
amendment and restatement of the Plan shall be June 30, 2005, the date of
approval by the stockholders of the Corporation.

<PAGE>

          15.2. Termination. The Plan shall continue until terminated by the
Board in its sole discretion. No termination of the Plan shall adversely affect
any Award theretofore granted without the consent of the Participant or the
permitted transferee of the Award.

          15.3. Amendment. The Board may at any time and from time to time and
in any respect, amend or modify the Plan; provided, however, that no amendment
or modification of the Plan shall be effective without the consent of the
Corporation's stockholders that would (i) change the class of Eligible Persons
under the Plan, (ii) increase the number of shares of Common Stock reserved for
issuance under the Plan in accordance with Section 3.1 hereof, (iii) allow the
grant of Options at an exercise price below Fair Market Value, (iv) increase the
aggregate number of shares of Common Stock that may be granted pursuant to
Restricted Stock Awards, Performance Awards, Restricted Stock Units and Dividend
Equivalent Awards in accordance with Section 3.1 hereof, (v) modify the terms of
Section 6.8 hereof to permit Option repricing, or (vi) require approval of the
Corporation's stockholders under the listing requirements of the Nasdaq Stock
Market or the exchange or trading system through which Common Stock may be
listed or traded at the time of the amendment. No amendment or modification of
the Plan shall adversely affect any Award theretofore granted without the
consent of the Participant or permitted transferee of the Award. Notwithstanding
anything to the contrary herein, the Board may amend the Plan without further
consent or approval to the extent necessary under section 409A of the Code so
that Awards issued hereunder will effectively defer compensation in the manner
contemplated under each respective Award.

<PAGE>
                                 EXECUTION PAGE

         IN WITNESS WHEREOF, the undersigned officer of the Corporation has duly
executed this amended and restated LifePoint Hospitals, Inc. 1998 Long-Term
Incentive Plan on this the _____ day of July, 2005, but to be effective as
provided herein..

                                              LIFEPOINT HOSPITALS, INC.

                                     By:      /s/ William F. Carpenter III
                                              ----------------------------------

                                     Its:     Executive Vice President
                                              ----------------------------------exv10w1

 

Exhibit 10.1

Execution Copy

AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT

dated as of June 30, 2005

among

AMERICAN REPROGRAPHICS COMPANY, L.L.C.,

AMERICAN REPROGRAPHICS HOLDINGS, L.L.C.,

AMERICAN REPROGRAPHICS COMPANY

CERTAIN SUBSIDIARIES OF AMERICAN REPROGRAPHICS COMPANY, L.L.C.,

as Guarantors,

VARIOUS LENDERS,

GOLDMAN SACHS CREDIT PARTNERS L.P.,

as Lead Arranger, Sole Bookrunner and Syndication Agent,

and

GENERAL ELECTRIC CAPITAL CORPORATION,

as Administrative Agent and Collateral Agent

 

$107,550,000 Senior Secured Credit Facilities

 

A&R FIRST LIEN

CREDIT AND GUARANTY AGREEMENT

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	SECTION 1. DEFINITIONS AND INTERPRETATION
	 	 	2	 
	 	 	 	 	 
	1.1. Definitions
	 	 	2	 
	1.2. Accounting Terms
	 	 	33	 
	1.3. Interpretation, etc.
	 	 	34	 
	 	 	 	 	 
	SECTION 2. LOANS AND LETTERS OF CREDIT
	 	 	34	 
	 	 	 	 	 
	2.1. Term Loans
	 	 	34	 
	2.2. Revolving Loans
	 	 	35	 
	2.3. Swing Line Loans
	 	 	36	 
	2.4. Issuance of Letters of Credit and Purchase of Participations Therein
	 	 	38	 
	2.5. Pro Rata Shares; Availability of Funds
	 	 	42	 
	2.6. Use of Proceeds
	 	 	42	 
	2.7. Evidence of Debt; Register; Lenders’ Books and Records; Notes
	 	 	43	 
	2.8. Interest on Loans
	 	 	44	 
	2.9. Conversion/Continuation
	 	 	46	 
	2.10. Default Interest
	 	 	46	 
	2.11. Fees
	 	 	47	 
	2.12. Scheduled Payments/Commitment Reductions
	 	 	48	 
	2.13. Voluntary Prepayments/Commitment Reductions
	 	 	49	 
	2.14. Mandatory Prepayments/Commitment Reductions
	 	 	52	 
	2.15. Application of Prepayments/Reductions
	 	 	54	 
	2.16. General Provisions Regarding Payments
	 	 	55	 
	2.17. Ratable Sharing
	 	 	56	 
	2.18. Making or Maintaining Eurodollar Rate Loans
	 	 	57	 
	2.19. Increased Costs; Capital Adequacy
	 	 	59	 
	2.20. Taxes; Withholding, etc.
	 	 	60	 
	2.21. Obligation to Mitigate
	 	 	62	 
	2.22. Defaulting Lenders
	 	 	62	 
	2.23. Removal or Replacement of a Lender
	 	 	63	 
	 	 	 	 	 
	SECTION 3. CONDITIONS PRECEDENT
	 	 	65	 
	 	 	 	 	 
	3.1. Effective Date
	 	 	65	 
	3.2. Conditions to Each Credit Extension
	 	 	69	 
	 	 	 	 	 
	SECTION 4. REPRESENTATIONS AND WARRANTIES
	 	 	70	 
	 	 	 	 	 
	4.1. Organization; Requisite Power and Authority; Qualification
	 	 	70	 
	4.2. Capital Stock and Ownership
	 	 	71	 
	4.3. Due Authorization
	 	 	71	 
	4.4. No Conflict
	 	 	71	 
	4.5. Governmental Consents
	 	 	71	 
	4.6. Binding Obligation
	 	 	72	 

A&R FIRST LIEN

CREDIT AND GUARANTY AGREEMENT

i

 

	 	 	 	 	 
	 	 	Page	 
	4.7. Historical Financial Statements
	 	 	72	 
	4.8. Projections
	 	 	72	 
	4.9. No Material Adverse Change
	 	 	72	 
	4.10. No Restricted Junior Payments
	 	 	72	 
	4.11. Adverse Proceedings, etc.
	 	 	72	 
	4.12. Payment of Taxes
	 	 	73	 
	4.13. Properties
	 	 	73	 
	4.14. Environmental Matters
	 	 	73	 
	4.15. No Defaults
	 	 	74	 
	4.16. Material Contracts
	 	 	74	 
	4.17. Governmental Regulation
	 	 	74	 
	4.18. Margin Stock
	 	 	74	 
	4.19. Employee Matters
	 	 	75	 
	4.20. Employee Benefit Plans
	 	 	75	 
	4.21. Certain Fees
	 	 	76	 
	4.22. Solvency
	 	 	76	 
	4.23. Related Agreements
	 	 	76	 
	4.24. Compliance with Statutes, etc.
	 	 	76	 
	4.25. Disclosure
	 	 	76	 
	4.26. Existing Seller Subordinated Notes and Existing Earn-Out Obligations
	 	 	77	 
	 	 	 	 	 
	SECTION 5. AFFIRMATIVE COVENANTS
	 	 	77	 
	 	 	 	 	 
	5.1. Financial Statements and Other Reports
	 	 	77	 
	5.2. Existence
	 	 	81	 
	5.3. Payment of Taxes and Claims
	 	 	81	 
	5.4. Maintenance of Properties
	 	 	81	 
	5.5. Insurance
	 	 	82	 
	5.6. Inspections
	 	 	82	 
	5.7. Lenders Meetings
	 	 	82	 
	5.8. Compliance with Laws
	 	 	82	 
	5.9. Environmental
	 	 	82	 
	5.10. Subsidiaries
	 	 	84	 
	5.11. Additional Material Real Estate Assets
	 	 	84	 
	5.12. Interest Rate Protection
	 	 	85	 
	5.13. Further Assurances
	 	 	85	 
	5.14. Miscellaneous Business Covenants
	 	 	85	 
	 	 	 	 	 
	SECTION 6. NEGATIVE COVENANTS
	 	 	86	 
	 	 	 	 	 
	6.1. Indebtedness
	 	 	86	 
	6.2. Liens
	 	 	87	 
	6.3. Equitable Lien
	 	 	89	 
	6.4. No Further Negative Pledges
	 	 	89	 
	6.5. Restricted Junior Payments
	 	 	89	 
	6.6. Restrictions on Subsidiary Distributions
	 	 	91	 
	6.7. Investments
	 	 	91	 
	6.8. Financial Covenants
	 	 	92	 

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	 	 	Page	 
	6.9. Fundamental Changes; Disposition of Assets; Acquisitions
	 	 	95	 
	6.10. Disposal of Subsidiary Interests
	 	 	96	 
	6.11. Sales and Lease-Backs
	 	 	96	 
	6.12. Transactions with Shareholders and Affiliates
	 	 	96	 
	6.13. Conduct of Business
	 	 	97	 
	6.14. Permitted Activities of Holdings and AR Holdings
	 	 	97	 
	6.15. Amendments or Waivers of Certain Related Agreements
	 	 	97	 
	6.16. Amendments or Waivers with Respect to Subordinated Indebtedness
and Second Lien Credit Agreement
	 	 	98	 
	6.17. Fiscal Year
	 	 	98	 
	 	 	 	 	 
	SECTION 7. GUARANTY
	 	 	98	 
	 	 	 	 	 
	7.1. Guaranty of the Obligations
	 	 	98	 
	7.2. Contribution by Guarantors
	 	 	99	 
	7.3. Payment by Guarantors
	 	 	99	 
	7.4. Liability of Guarantors Absolute
	 	 	100	 
	7.5. Waivers by Guarantors
	 	 	102	 
	7.6. Guarantors’ Rights of Subrogation, Contribution, etc.
	 	 	102	 
	7.7. Subordination of Other Obligations
	 	 	103	 
	7.8. Continuing Guaranty
	 	 	103	 
	7.9. Authority of Guarantors or Company
	 	 	103	 
	7.10. Financial Condition of Company
	 	 	103	 
	7.11. Bankruptcy, etc.
	 	 	104	 
	7.12. Discharge of Guaranty Upon Sale of Guarantor
	 	 	104	 
	 	 	 	 	 
	SECTION 8. EVENTS OF DEFAULT
	 	 	105	 
	 	 	 	 	 
	8.1. Events of Default
	 	 	105	 
	 	 	 	 	 
	SECTION 9. AGENTS
	 	 	107	 
	 	 	 	 	 
	9.1. Appointment of Agents
	 	 	107	 
	9.2. Powers and Duties
	 	 	108	 
	9.3. General Immunity
	 	 	108	 
	9.4. Agents Entitled to Act as Lender
	 	 	109	 
	9.5. Lenders’ Representations, Warranties and Acknowledgment
	 	 	109	 
	9.6. Right to Indemnity
	 	 	110	 
	9.7. Successor Administrative Agent and/or Collateral Agent
and Swing Line Lender
	 	 	110	 
	9.8. Collateral Documents and Guaranty
	 	 	111	 
	 	 	 	 	 
	SECTION 10. MISCELLANEOUS
	 	 	112	 
	 	 	 	 	 
	10.1. Notices
	 	 	112	 
	10.2. Expenses
	 	 	112	 
	10.3. Indemnity
	 	 	113	 
	10.4. Set-Off
	 	 	114	 
	10.5. Amendments and Waivers
	 	 	114	 
	10.6. Successors and Assigns; Participations
	 	 	116	 

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	 	 	Page	 
	10.7. Independence of Covenants
	 	 	119	 
	10.8. Survival of Representations, Warranties and Agreements
	 	 	119	 
	10.9. No Waiver; Remedies Cumulative
	 	 	119	 
	10.10. Marshalling; Payments Set Aside
	 	 	119	 
	10.11. Severability
	 	 	120	 
	10.12. Obligations Several; Independent Nature of Lenders’ Rights
	 	 	120	 
	10.13. Headings
	 	 	120	 
	10.14. APPLICABLE LAW
	 	 	120	 
	10.15. CONSENT TO JURISDICTION
	 	 	120	 
	10.16. WAIVER OF JURY TRIAL
	 	 	121	 
	10.17. Confidentiality
	 	 	121	 
	10.18. Press Releases and Related Matters
	 	 	122	 
	10.19. Usury Savings Clause
	 	 	122	 
	10.20. Reaffirmation and Grant of Security Interest
	 	 	123	 
	10.21. Counterparts
	 	 	124	 
	10.22. USA PATRIOT Act
	 	 	124	 
	10.23. Effectiveness
	 	 	124	 
	10.24. Reinstatement
	 	 	124	 

	 	 	 	 	 	 	 
	APPENDICES:

	 	 	A	 	 	Tranche C Term Loan Commitments
	 

	 	 	B	 	 	Notice Addresses
	 	 	 	 	 	 	 
	SCHEDULES:

	 	 	1.1	(a)	 	Existing Earn-Out Agreements
	 

	 	 	1.1	(b)	 	Existing Seller Subordinated Notes
	 

	 	 	2.1	(a)	 	Continuing Lenders
	 

	 	 	3.1	(n)	 	Counsel Opinions
	 

	 	 	4.1	 	 	Jurisdictions of Organization and Qualification
	 

	 	 	4.2	 	 	Capital Stock and Ownership
	 

	 	 	4.13	 	 	Real Estate Assets
	 

	 	 	4.16	 	 	Material Contracts
	 

	 	 	4.20	 	 	Retiree Benefits
	 

	 	 	6.1	 	 	Certain Indebtedness
	 

	 	 	6.2	 	 	Certain Liens
	 

	 	 	6.5	(g)	 	Permitted Cash Payments of Additional Earn-Out Obligations
	 

	 	 	6.7	 	 	Certain Investments
	 

	 	 	6.12	 	 	Certain Affiliate Transactions
	 	 	 	 	 	 	 
	EXHIBITS:

	 	 	A-1	 	 	Funding Notice
	 

	 	 	A-2	 	 	Conversion/Continuation Notice
	 

	 	 	A-3	 	 	Issuance Notice
	 

	 	 	B-1	 	 	Tranche C Term Loan Note
	 

	 	 	B-2	 	 	Revolving Loan Note
	 

	 	 	B-3	 	 	Swing Line Note

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	 	 	C	 	 	Compliance Certificate
	 

	 	 	D	 	 	Opinions of Counsel
	 

	 	 	E	 	 	Assignment Agreement
	 

	 	 	F	 	 	Certificate Re Non-bank Status
	 

	 	 	G	 	 	Effective Date Certificate
	 

	 	 	H	 	 	Counterpart Agreement
	 

	 	 	I	 	 	Pledge and Security Agreement
	 

	 	 	J	 	 	Mortgage
	 

	 	 	K	 	 	Landlord Waiver and Consent Agreement
	 

	 	 	L	 	 	Intercreditor Agreement
	 

	 	 	M	 	 	Seller Subordination Agreement
	 

	 	 	N	 	 	Joinder Agreement

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AMENDED AND RESTATED

CREDIT AND GUARANTY AGREEMENT

     This AMENDED AND RESTATED CREDIT AND GUARANTY AGREEMENT, dated as of June 30, 2005, is entered
into by and among AMERICAN REPROGRAPHICS COMPANY, L.L.C., a California limited liability company
(“Company”), AMERICAN REPROGRAPHICS HOLDINGS, L.L.C., (f/k/a Ford Graphics Holdings, L.L.C.) a
California limited liability company (“AR Holdings”), AMERICAN REPROGRAPHICS COMPANY, a Delaware
corporation (“Holdings”), CERTAIN SUBSIDIARIES OF COMPANY, as Guarantors, the Lenders party hereto
from time to time, GOLDMAN SACHS CREDIT PARTNERS L.P. (“GSCP”), as Lead Arranger, Sole Bookrunner,
and as Syndication Agent (in such capacities, “Syndication
Agent”), and GENERAL ELECTRIC CAPITAL
CORPORATION (“GECC”), as Administrative Agent (together with its permitted successors in such
capacity, “Administrative Agent”) and as Collateral Agent (together with its permitted successor in
such capacity, “Collateral Agent”).

RECITALS:

     WHEREAS, capitalized terms used in these Recitals shall have the respective meanings set forth
for such terms in Section 1.1 hereof;

     WHEREAS, Company, AR Holdings, the Guarantors, certain financial institutions and other
persons (the “Existing Lenders”), GSCP, as lead arranger, sole bookrunner, and as syndication
agent, and GECC, as administrative agent and collateral agent, are parties to that certain Credit
and Guaranty Agreement dated as of December 18, 2003 (as heretofore amended, supplemented or
otherwise modified, the “Existing Credit Agreement”), pursuant to which the Existing Lenders have
extended certain credit facilities to Company, the proceeds of which have been used to consummate a
refinancing and for working capital, certain permitted acquisitions and general corporate purposes;

     WHEREAS, Company desires that certain Existing Lenders agree to amend and restate the Existing
Credit Agreement in its entirety to make certain changes as more fully set forth herein, which
amendment and restatement shall become effective upon satisfaction of the conditions precedent set
forth herein;

     WHEREAS, Company has agreed to secure all of its Obligations by reaffirming its grant to
Collateral Agent, for the benefit of Secured Parties, a First Priority Lien on substantially all of
its assets, including a pledge of all of the Capital Stock of each of its Domestic Subsidiaries and
65% of all the Capital Stock of each of its Foreign Subsidiaries;

     WHEREAS, Guarantors have agreed to guarantee the obligations of Company hereunder and to
secure their respective Obligations by reaffirming its grant to Collateral Agent, for the benefit
of Secured Parties, a First Priority Lien on substantially all of their respective assets,
including a pledge of all of the Capital Stock of each of their respective Domestic Subsidiaries
(including Company) and 65% of all the Capital Stock of each of their respective Foreign
Subsidiaries.

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     WHEREAS, it is the intent of the parties hereto that this Agreement not constitute a novation
of the obligations and liabilities of the parties under the Existing Credit Agreement and that this
Agreement amend and restate in its entirety the Existing Credit Agreement; and

     WHEREAS, it is the intent of the Credit Parties to confirm that all Obligations of the Credit
Parties under the other Credit Documents shall continue in full force and effect and that, from and
after the Effective Date, all references to the “Credit Agreement” contained therein shall be
deemed to refer to this Agreement.

     NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants
herein contained, the parties hereto agree as follows:

SECTION 1. DEFINITIONS AND INTERPRETATION

     1.1. Definitions. The following terms used herein, including in the preamble, recitals,
exhibits and schedules hereto, shall have the following meanings:

          “Additional Earn-Out Obligation” means any unsecured contingent liability of Company owed to
any seller in connection with any Permitted Acquisition that (a) constitutes a portion of the
purchase price for such Permitted Acquisition but is not an amount certain on the date of
incurrence thereof and is not subject to any right of acceleration by such seller, (b) is only
payable upon the achievement of performance standards by the Person or other property acquired in
such Permitted Acquisition and in an amount based upon such achievement provided that the maximum
aggregate amount of such liability shall be fixed at a specified amount on the date of such
Permitted Acquisition, and (c) is expressly subordinate and made junior to the payment and
performance in full of all the Obligations in accordance with a subordination agreement
substantially in the form of Exhibit M or an agreement containing substantially similar terms, in
each case with such modifications thereto as may be consented to by Administrative Agent.

          “Additional Seller Subordinated Notes” means, collectively, the unsecured promissory notes
issued by Company to any seller in connection with a Permitted Acquisition which are expressly
subordinated and made junior to the payment and performance in full of all the Obligations in
accordance with a subordination agreement substantially in the form of Exhibit M with such
modifications thereto as may be consented to by Administrative Agent.

     “Adjusted Eurodollar Rate” means for each Interest Period, a rate of interest determined by
Administrative Agent equal to:

     (a) the offered rate for deposits in United States Dollars for the applicable Interest
Period that appears on Telerate Page 3750 as of 11:00 a.m. (London time), on the second full
LIBOR Business Day next preceding the first day of such Interest Period (unless such date is
not a Business Day, in which event the next succeeding Business Day will be used); divided
by

     (b) a number equal to 1.0 minus the aggregate (but without duplication) of the
rates (expressed as a decimal fraction) of reserve requirements in effect on the day that is

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two (2) LIBOR Business Days prior to the beginning of such Interest Period (including basic,
supplemental, marginal and emergency reserves under any regulations of the Federal Reserve
Board or other Governmental Authority having jurisdiction with respect thereto, as now and
from time to time in effect) for Eurocurrency funding (currently referred to as
“Eurocurrency Liabilities” in Regulation D of the Federal Reserve Board that are required to
be maintained by a member bank of the Federal Reserve System.

          If such interest rates shall cease to be available from Telerate News Service, the Adjusted
Eurodollar Rate shall be determined from such financial reporting service or other information as
shall be available to Administrative Agent.

          “Administrative Agent” as defined in the preamble hereto.

          “Adverse Proceeding” means any action, suit, proceeding (whether administrative, judicial or
otherwise), governmental investigation or arbitration (whether or not purportedly on behalf of
Holdings or any of its Subsidiaries) at law or in equity, or before or by any Governmental
Authority, domestic or foreign (including any Environmental Claims), whether pending or, to the
knowledge of Holdings or any of its Subsidiaries, threatened against or affecting Holdings or any
of its Subsidiaries or any property of Holdings or any of its Subsidiaries.

          “Affected Lender” as defined in Section 2.18(b).

          “Affected Loans” as defined in Section 2.18(b).

          “Affiliate” means, as applied to any Person, any other Person directly or indirectly
controlling, controlled by, or under common control with, that Person. For the purposes of this
definition, “control” (including, with correlative meanings, the terms “controlling”, “controlled
by” and “under common control with”), as applied to any Person, means the possession, directly or
indirectly, of the power (i) to vote 5% or more of the Securities having ordinary voting power for
the election of directors of such Person or (ii) to direct or cause the direction of the management
and policies of that Person, whether through the ownership of voting securities or by contract or
otherwise.

          “Agent” means each of Syndication Agent, Administrative Agent and Collateral Agent.

          “Aggregate Amounts Due” as defined in Section 2.17.

          “Aggregate Payments” as defined in Section 7.2.

          “Agreement” means this Amended and Restated Credit and Guaranty Agreement, dated as of June
30, 2005, as it may be amended, supplemented or otherwise modified from time to time.

          “Applicable Margin’’ means (i) with respect to Revolving Loans that are Eurodollar Rate Loans,
(a) from the Closing Date until the date of delivery of the Compliance

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Certificate and the
financial statements for the period ending December 31, 2003, a percentage, per annum, determined
by reference to the following table as if the Leverage Ratio then in effect were 4.0:1.0; and (b)
thereafter, a percentage, per annum, determined by reference to the Leverage Ratio in effect from
time to time as set forth below:

	 	 	 	 	 
	Leverage	 	Applicable Margin
	Ratio	 	for Revolving Loans
	3 4.0:100

	 	 	2.75	%
	 
	 	 	 	 
	< 4.0:1.0

3 3.5:1.0

	 	 	2.50	%
	 
	 	 	 	 
	< 3.5:1.0

3 3.0:1.0

	 	 	2.25	%
	 
	 	 	 	 
	< 3.0:1.0

	 	 	2.00	%

and (ii) with respect to Swing Line Loans and Revolving Loans that are Index Rate Loans, an amount
equal to (a) the Applicable Margin for Eurodollar Rate Loans as set forth in clause (i)(a) or
(i)(b) above, as applicable, minus (b) 1.00% per annum. No change in the Applicable Margin shall
be effective until three Business Days after the date on which Administrative Agent shall have
received the applicable financial statements and a Compliance Certificate pursuant to Section
5.1(d) calculating the Leverage Ratio. At any time Company has not submitted to Administrative
Agent the applicable information as and when required under Section 5.1(d), the Applicable Margin
shall be determined as if the Leverage Ratio were in excess of 4.0:1.00. Within one Business Day
of receipt of the applicable information under Section 5.1(d), Administrative Agent shall give each
Lender telefacsimile or telephonic notice (confirmed in writing) of the Applicable Margin in effect
from such date.

          “AR Holdings” shall mean American Reprographics Holdings, L.L.C. (f/k/a Ford Graphics
Holdings, L.L.C.) a California limited liability company.

          “Asset Sale” means a sale, lease or sub-lease (as lessor or sublessor), sale and leaseback,
assignment, conveyance, transfer or other disposition to, or any exchange of property with, any
Person (other than Holdings, Company or any Guarantor Subsidiary), in one transaction or a series
of transactions, of all or any part of Holdings’ or any of its Subsidiaries’ businesses, assets or
properties of any kind, whether real, personal, or mixed and whether tangible or intangible,
whether now owned or hereafter acquired, including, without limitation, the Capital Stock of any of
Holdings’ Subsidiaries, other than (i) inventory (or other assets) sold or leased in the ordinary
course of business (excluding any such sales by operations or divisions discontinued or to be
discontinued), (ii) Permitted Sale-Leasebacks and (iii) sales of other assets for aggregate
consideration of less than $500,000 in the aggregate during any Fiscal Year and
less than $2,000,000 in the aggregate from and after the Closing Date so long as this
Agreement shall remain in effect.

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          “Assignment Agreement” means an Assignment and Assumption Agreement substantially in the form
of Exhibit E, with such amendments or modifications as may be approved by Administrative Agent.

          “Authorized Officer” means, as applied to any Person, any individual holding the position of
chairman of the board (if an officer), chief executive officer, president or one of its vice
presidents (or the equivalent thereof), and such Person’s chief financial officer or treasurer.

          “Bankruptcy Code” means Title 11 of the United States Code entitled “Bankruptcy,” as now and
hereafter in effect, or any successor statute.

          “Beneficiary” means each Agent, Issuing Bank, Lender and Lender Counterparty.

          “Business Day” means (i) any day excluding Saturday, Sunday and any day which is a legal
holiday under the laws of the State of New York or is a day on which banking institutions located
in such state are authorized or required by law or other governmental action to close and (ii) with
respect to all notices, determinations, fundings and payments in connection with the Adjusted
Eurodollar Rate or any Eurodollar Rate Loans, the term “Business Day” shall mean any day which is a
Business Day described in clause (i) and which is also a day for trading by and between banks in
Dollar deposits in the London interbank market.

          “Capital Lease” means, as applied to any Person, any lease of any property (whether real,
personal or mixed) by that Person as lessee that, in conformity with GAAP, is or should be
accounted for as a capital lease on the balance sheet of that Person.

          “Capital Stock” means any and all shares, interests, participations or other equivalents
(however designated) of capital stock of a corporation, any and all equivalent ownership interests
in a Person (other than a corporation), including, without limitation, partnership interests and
membership interests, and any and all warrants, rights or options to purchase or other arrangements
or rights to acquire any of the foregoing.

          “Cash” means money, currency or a credit balance in any demand or Deposit Account.

          “Cash Equivalents” means, as at any date of determination, (i) marketable securities (a)
issued or directly and unconditionally guaranteed as to interest and principal by the United States
Government or (b) issued by any agency of the United States the obligations of which are backed by
the full faith and credit of the United States, in each case maturing within one year after such
date; (ii) marketable direct obligations issued by any state of the United States of America or any
political subdivision of any such state or any public instrumentality thereof, in each case
maturing within one year after such date and having, at the time of the acquisition thereof, a
rating of at least A-1 from S&P or at least P-1 from Moody’s; (iii)
commercial paper maturing no more than one year from the date of creation thereof and having,
at the time of the acquisition thereof, a rating of at least A-1 from S&P or at least P-1 from
Moody’s; (iv) certificates of deposit or bankers’ acceptances maturing within one year after such

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CREDIT AND GUARANTY AGREEMENT

5

 

date and issued or accepted by any Lender or by any commercial bank organized under the laws of the
United States of America or any state thereof or the District of Columbia that (a) is at least
“adequately capitalized” (as defined in the regulations of its primary Federal banking regulator)
and (b) has Tier 1 capital (as defined in such regulations) of not less than $100,000,000; and (v)
shares of any money market mutual fund that (a) has substantially all of its assets invested
continuously in the types of investments referred to in clauses (i) and (ii) above, (b) has net
assets of not less than $500,000,000, and (c) has the highest rating obtainable from either S&P or
Moody’s.

          “Certificate re Non-Bank Status” means a certificate substantially in the form of Exhibit F.

          “Change of Control” means, at any time, (i) (x) prior to the consummation of an initial public
offering of Holdings, Sponsor, Sathiyamurthy Chandramohan or Kumarakulasingam Suriyakumar shall
collectively cease to beneficially own and control at least 75% on a fully diluted basis of the
economic and voting interests in the Capital Stock of Holdings and (y) after the consummation of
any initial public offering of Holdings, Sponsor, Sathiyamurthy Chandramohan or Kumarakulasingam
Suriyakumar shall collectively cease to beneficially own and control at least 45% on a fully
diluted basis of the economic and voting interests in the Capital Stock of Holdings; (ii) any
Person or “group” (within the meaning of Rules 13d-3 and 13d-5 under the Exchange Act) other than
Sponsor, Sathiyamurthy Chandramohan or Kumarakulasingam Suriyakumar (a) shall have acquired
beneficial ownership of 25% or more on a fully diluted basis of the voting and/or economic interest
in the Capital Stock of Holdings or (b) shall have obtained the power (whether or not exercised) to
elect a majority of the members of the board of directors (or similar governing body) of Holdings;
(iii) Holdings shall cease to beneficially own and control 100% on a fully diluted basis of the
economic and voting interest in the Capital Stock of AR Holdings; (iv) AR Holdings shall cease to
beneficially own and control 100% on a fully diluted basis of the economic and voting interest in
the Capital Stock of Company; or (v) the majority of the seats (other than vacant seats) on the
board of directors (or similar governing body) of Holdings cease to be occupied by Persons who
either (a) were members of the board of advisors of Holdings on February 4, 2005 or (b) were
appointed to the board of advisors in accordance with the provisions of the Holdings by-laws.

          “Class” means (i) with respect to Lenders, each of the following classes of Lenders: (a)
Lenders having Tranche C Term Loan Exposure, (b) Lenders having Revolving Exposure (including Swing
Line Lender), and (c) Lenders having New Term Loan Exposure and (ii) with respect to Loans, each of
the following classes of Loans: (a) Tranche C Term Loans, (b) Revolving Loans (including Swing Line
Loans) and (c) New Term Loans.

          “Closing Date” means the date on which the Existing Loans were made under the Existing Credit
Agreement, which date was December 18, 2003.

          “Collateral” means, collectively, all of the real, personal and mixed property (including
Capital Stock) in which Liens are purported to be granted pursuant to the Collateral Documents as
security for the Obligations.

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6

 

          “Collateral Agent” as defined in the preamble hereto.

          “Collateral Documents” means the Pledge and Security Agreement, the Intercreditor Agreement,
the Mortgages, the Landlord Personal Property Collateral Access Agreements, if any, and all other
instruments, documents and agreements delivered by any Credit Party pursuant to this Agreement or
any of the other Credit Documents in order to grant to Collateral Agent, for the benefit of
Lenders, a Lien on any real, personal or mixed property of that Credit Party as security for the
Obligations.

          “Collateral Questionnaire” means a certificate in form satisfactory to Collateral Agent that
provides information with respect to the personal or mixed property of each Credit Party.

          “Commitment” means any Revolving Commitment, Term Loan Commitment or New Term Loan Commitment.

          “Company” as defined in the preamble hereto.

          “Company Operating Agreement” means the Amended and Restated Operating Agreement of Company
dated as of April 10, 2000 as in effect on the Closing Date and as such agreement may thereafter be
amended, restated, supplemented or otherwise modified from time to time to the extent permitted
under Section 6.15.

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

          “Consolidated Adjusted EBITDA” means, for any period, an amount determined for Holdings and
its Subsidiaries on a consolidated basis equal to (i) the sum, without duplication, of the amounts
for such period of (a) Consolidated Net Income, and to the extent already deducted in arriving at
Consolidated Net Income: (b) Consolidated Interest Expense, (c) provisions for taxes based on
income, (d) total depreciation expense, (e) total amortization expense, and (f) other non-Cash
items reducing Consolidated Net Income (excluding any such non-Cash item to the extent that it
represents an accrual or reserve for potential Cash items in any future period or amortization of a
prepaid Cash item that were paid in a prior period), minus (ii) other non-Cash items
increasing Consolidated Net Income for such period (excluding any such non-Cash item to the extent
it represents the reversal of an accrual or reserve for potential Cash item in any prior period).

          “Consolidated Adjusted EBITDAR’’ means, for any period, the sum of the amounts for such period
of (i) Consolidated Adjusted EBITDA plus (ii) Consolidated Rental Payments, each of the foregoing
as determined on a consolidated basis for Company and its Subsidiaries in conformity with GAAP.

          “Consolidated Capital Expenditures” means, for any period, the aggregate of all expenditures
(whether paid in cash or other consideration or accrued as a liability and including that portion
of Capital Leases which is capitalized on the consolidated balance sheet of Company and its
Subsidiaries) of Holdings and its Subsidiaries during such period determined

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7

 

on a consolidated
basis that, in accordance with GAAP, are or should be included in “purchase of property and
equipment” or similar items reflected in the consolidated statement of cash flows of Holdings and
its Subsidiaries; provided, however, that Consolidated Capital Expenditures shall
not include any expenditures by Holdings or any of its Subsidiaries during that period in
connection with a Permitted Acquisition, including any payment of any Earn-Out Obligation during
that period.

          “Consolidated Cash Interest Expense” means, for any period, Consolidated Interest Expense for
such period, excluding any amount not payable in Cash.

          “Consolidated Current Assets” means, as at any date of determination, the total assets of
Holdings and its Subsidiaries on a consolidated basis that may properly be classified as current
assets in conformity with GAAP, excluding Cash and Cash Equivalents.

          “Consolidated Current Liabilities” means, as at any date of determination, the total
liabilities of Holdings and its Subsidiaries on a consolidated basis that may properly be
classified as current liabilities in conformity with GAAP, excluding the current portion of long
term debt.

          “Consolidated Excess Cash Flow” means, for any period, an amount (if positive) equal to: (i)
the sum, without duplication, of the amounts for such period of (a) Consolidated Adjusted EBITDA,
plus (b) the Consolidated Working Capital Adjustment, minus (ii) the sum, without
duplication, of the amounts for such period of (a) voluntary and scheduled repayments of
Consolidated Total Debt (excluding (i) repayments of Revolving Loans or Swing Line Loans except to
the extent (x) such Revolving Loans were made on the Closing Date and are repaid prior to the end
of Fiscal Year 2004 and such repayment amount does not exceed 75% of the aggregate amount of
Revolving Loans made on the Closing Date or (y) the Revolving Commitments are permanently reduced
in connection with such repayments and (ii) repurchases of Term Loans made pursuant to Section
2.13(c)), (b) Consolidated Capital Expenditures (net of any proceeds of (y) any related financings
with respect to such expenditures and (z) any sales of assets used to finance such expenditures),
(c) Consolidated Cash Interest Expense, (d) the provision for current taxes based on income of
Holdings and its Subsidiaries and payable in cash with respect to such period, and any Permitted
Tax Distributions payable in cash with respect to such period, (e) the cash portion of any payment
of any Earn-Out Obligation made by Company during such period, (f) any scheduled repayments under
any Seller Subordinated Notes made by Company made in Cash during such period, (g) the cash portion
of any payment made with respect to a Permitted Acquisition completed during such period, and (h)
the cash portion of any payments made during such period in connection with any repurchases of
Holdings’ Capital Stock from deceased, disabled, terminated or retired employees permitted under
Section 6.5(f).

          “Consolidated First Priority Senior Debt” means, as at any date of determination, Consolidated
Total Debt less the sum of (i) Subordinated Indebtedness of
Company and its Subsidiaries, determined on a consolidated basis in accordance with GAAP and
(ii) any Indebtedness incurred under the Second Lien Credit Agreement.

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          “Consolidated Fixed Charges” means, for any period, the sum, without duplication, of the
amounts determined for Holdings and its Subsidiaries on a consolidated basis equal to (i)
Consolidated Cash Interest Expense, (ii) scheduled payments of principal on Consolidated Total
Debt, (iii) Consolidated Rental Payments, (iv) payments of Earn-Out Obligations required to be made
by Company or any of its Subsidiaries for such period, and (v) scheduled debt repayments required
to be made by Company or any of its Subsidiaries under the Seller Subordinated Notes for such
period.

          “Consolidated Interest Expense” means, for any period, total interest expense (including that
portion attributable to Capital Leases in accordance with GAAP and capitalized interest) of
Holdings and its Subsidiaries on a consolidated basis with respect to all outstanding Indebtedness
of Holdings and its Subsidiaries, including all commissions, discounts and other fees and charges
owed with respect to letters of credit and net costs under Interest Rate Agreements, but excluding,
however, any amounts referred to in Section 2.11(d) payable on or before the Closing Date.

          “Consolidated Net Income” means, for any period, (i) the net income (or loss) of Holdings and
its Subsidiaries on a consolidated basis for such period taken as a single accounting period
determined in conformity with GAAP, minus (ii) (a) the income (or loss) of any Person
(other than a Subsidiary of Holdings) in which any other Person (other than Holdings or any of its
Subsidiaries) has a joint interest, except to the extent of the amount of dividends or other
distributions actually paid to Holdings or any of its Subsidiaries by such Person during such
period, (b) the income (or loss) of any Person accrued prior to the date it becomes a Subsidiary of
Holdings or is merged into or consolidated with Holdings or any of its Subsidiaries or that
Person’s assets are acquired by Holdings or any of its Subsidiaries, (c) the income of any
Subsidiary of Holdings to the extent that the declaration or payment of dividends or similar
distributions by that 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, (d) any after-tax gains or losses
attributable to Asset Sales or returned surplus assets of any Pension Plan, and (e) (to the extent
not included in clauses (a) through (d) above) any net extraordinary gains or net extraordinary
losses.

          “Consolidated Rental Payments” means, for any period, the total rent expense (including,
without limitation, under any agreement to rent or lease any real or personal property (exclusive
of obligations under Capital Leases)) of Company and its Subsidiaries, determined on a consolidated
basis for Company and its Subsidiaries in accordance with GAAP.

          “Consolidated Total Debt” means, as at any date of determination, the aggregate stated balance
sheet amount of all Indebtedness of Holdings and its Subsidiaries determined on a consolidated
basis in accordance with GAAP.

          “Consolidated Working Capital” means, as at any date of determination, the excess of
Consolidated Current Assets over Consolidated Current Liabilities.

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          “Consolidated Working Capital Adjustment” means, for any period on a consolidated basis, the
amount (which may be a negative number) by which Consolidated Working Capital as of the beginning
of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

          “Continuing Lenders” means those lenders under the Existing Credit Agreement identified as
Continuing Lenders in Section 2.1(a).

          “Contractual Obligation” means, as applied to any Person, any provision of any Security issued
by that Person or of any indenture, mortgage, deed of trust, contract, undertaking, agreement or
other instrument to which that Person is a party or by which it or any of its properties is bound
or to which it or any of its properties is subject.

          “Contributing Guarantors” as defined in Section 7.2.

          “Conversion/Continuation Date” means the effective date of a continuation or conversion, as
the case may be, as set forth in the applicable Conversion/Continuation Notice.

          “Conversion/Continuation Notice” means a Conversion/Continuation Notice substantially in the
form of Exhibit A-2.

          “Counterpart Agreement” means a Counterpart Agreement substantially in the form of Exhibit H
delivered by a Credit Party pursuant to Section 5.10.

          “Credit Date” means the date of a Credit Extension.

          “Credit Document” means any of this Agreement, the Notes, if any, the Collateral Documents,
any documents or certificates executed by Company in favor of Issuing Bank relating to Letters of
Credit, and all other documents, instruments or agreements executed and delivered by a Credit Party
for the benefit of any Agent, Issuing Bank or any Lender in connection with this Agreement.

          “Credit Extension” means the making of a Loan or the issuing of a Letter of Credit.

          “Credit Party” means each Person (other than any Agent, Issuing Bank or any Lender or any
other representative thereof) from time to time party to a Credit Document.

          “Currency Agreement” means any foreign exchange contract, currency swap agreement, futures
contract, option contract, synthetic cap or other similar agreement or arrangement, each of which
is for the purpose of hedging the foreign currency risk associated with Holdings’ and its
Subsidiaries’ operations and not for speculative purposes.

          “Default” means a condition or event that, after notice or lapse of time or both, would
constitute an Event of Default.

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          “Default Excess” means, with respect to any Defaulting Lender, the excess, if any, of such
Defaulting Lender’s Pro Rata Share of the aggregate outstanding principal amount of Loans of all
Lenders (calculated as if all Defaulting Lenders (other than such Defaulting Lender) had funded all
of their respective Defaulted Loans) over the aggregate outstanding principal amount of all Loans
of such Defaulting Lender.

          “Default Period” means, with respect to any Defaulting Lender, the period commencing on the
date of the applicable Funding Default and ending on the earliest of the following dates: (i) the
date on which all Commitments are cancelled or terminated and/or the Obligations are declared or
become immediately due and payable, (ii) the date on which (a) the Default Excess with respect to
such Defaulting Lender shall have been reduced to zero (whether by the funding by such Defaulting
Lender of any Defaulted Loans of such Defaulting Lender or by the non-pro rata application of any
voluntary or mandatory prepayments of the Loans in accordance with the terms of Section 2.13 or
Section 2.14 or by a combination thereof) and (b) such Defaulting Lender shall have delivered to
Company and Administrative Agent a written reaffirmation of its intention to honor its obligations
hereunder with respect to its Commitments, and (iii) the date on which Company, Administrative
Agent and Requisite Lenders waive all Funding Defaults of such Defaulting Lender in writing.

          “Defaulted Loan” as defined in Section 2.22.

          “Defaulting Lender” as defined in Section 2.22.

          “Deposit Account” means a demand, time, savings, passbook or like account with a bank, savings
and loan association, credit union or like organization, other than an account evidenced by a
negotiable certificate of deposit.

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

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

          “Earn-Out Obligation” means, collectively, the Existing Earn-Out Obligations and any
Additional Earn-Out Obligations.

          “Effective Date” means the date upon which the conditions set forth in Section 3.1 are
satisfied.

          “Effective Date Certificate” means the Effective Date Certificate substantially in the form of
Exhibit G.

          “Eligible Assignee” means (i) any Lender, any Affiliate of any Lender and any Related Fund
(any two or more Related Funds being treated as a single Eligible Assignee for all
purposes hereof), and (ii) any commercial bank, insurance company, investment or mutual fund
or other entity that is an “accredited investor” (as defined in Regulation D under the Securities

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Act) and which extends credit or buys loans as one of its businesses; provided, no
Affiliate of Holdings or Sponsor shall be an Eligible Assignee.

          “Employee Benefit Plan” means any “employee benefit plan” as defined in Section 3(3) of ERISA
which is or was sponsored, maintained or contributed to by, or required to be contributed by,
Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates.

          “Environmental Claim” means any investigation, notice, notice of violation, claim, action,
suit, proceeding, demand, abatement order or other order or directive (conditional or otherwise),
by any Governmental Authority or any other Person, arising (i) pursuant to or in connection with
any actual or alleged violation of any Environmental Law; (ii) in connection with any Hazardous
Material or any actual or alleged Hazardous Materials Activity; or (iii) in connection with any
actual or alleged damage, injury, threat or harm to health, safety, natural resources or the
environment.

          “Environmental Laws” means any and all current or future foreign or domestic, federal or state
(or any subdivision of either of them), statutes, ordinances, orders, rules, regulations,
judgments, Governmental Authorizations, or any other requirements of Governmental Authorities
relating to (i) environmental matters, including those relating to any Hazardous Materials
Activity; (ii) the generation, use, storage, transportation or disposal of Hazardous Materials; or
(iii) occupational safety and health, industrial hygiene, land use or the protection of human,
plant or animal health or welfare, in any manner applicable to Holdings or any of its Subsidiaries
or any Facility.

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

          “ERISA Affiliate” means, as applied to any Person, (i) any corporation which is a member of a
controlled group of corporations within the meaning of Section 414(b) of the Internal Revenue Code
of which that Person is a member; (ii) any trade or business (whether or not incorporated) which is
a member of a group of trades or businesses under common control within the meaning of Section
414(c) of the Internal Revenue Code of which that Person is a member; and (iii) any member of an
affiliated service group within the meaning of Section 414(m) or (o) of the Internal Revenue Code
of which that Person, any corporation described in clause (i) above or any trade or business
described in clause (ii) above is a member. Any former ERISA Affiliate of Holdings or any of its
Subsidiaries shall continue to be considered an ERISA Affiliate of Holdings or any such Subsidiary
within the meaning of this definition with respect to the period such entity was an ERISA Affiliate
of Holdings or such Subsidiary and with respect to liabilities arising after such period for which
Holdings or such Subsidiary could reasonably be expected to be liable under the Internal Revenue
Code or ERISA.

          “ERISA Event” means (i) a “reportable event” within the meaning of Section 4043 of ERISA and
the regulations issued thereunder with respect to any Pension Plan (excluding those for which the
provision for 30-day notice to the PBGC has been waived by
regulation); (ii) the failure to meet the minimum funding standard of Section 412 of the
Internal Revenue Code with respect to any Pension Plan (whether or not waived in accordance with

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Section 412(d) of the Internal Revenue Code) or the failure to make by its due date a required
installment under Section 412(m) of the Internal Revenue Code with respect to any Pension Plan or
the failure to make any required contribution to a Multiemployer Plan; (iii) the provision by the
administrator of any Pension Plan pursuant to Section 4041(a)(2) of ERISA of a notice of intent to
terminate such plan in a distress termination described in Section 4041(c) of ERISA; (iv) the
withdrawal by Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates from
any Pension Plan with two or more contributing sponsors or the termination of any such Pension Plan
resulting in liability to Holdings, any of its Subsidiaries or any of their respective Affiliates
pursuant to Section 4063 or 4064 of ERISA; (v) the institution by the PBGC of proceedings to
terminate any Pension Plan, or the occurrence of any event or condition which could reasonably be
expected to constitute grounds under ERISA for the termination of, or the appointment of a trustee
to administer, any Pension Plan; (vi) the imposition of liability on Holdings, any of its
Subsidiaries or any of their respective ERISA Affiliates pursuant to Section 4062(e) or 4069 of
ERISA or by reason of the application of Section 4212(c) of ERISA; (vii) the withdrawal of
Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates in a complete or
partial withdrawal (within the meaning of Sections 4203 and 4205 of ERISA) from any Multiemployer
Plan if there is any potential liability therefore, or the receipt by Holdings, any of its
Subsidiaries or any of their respective ERISA Affiliates of notice from any Multiemployer Plan that
it is in reorganization or insolvency pursuant to Section 4241 or 4245 of ERISA, or that it intends
to terminate or has terminated under Section 4041A or 4042 of ERISA; (viii) the occurrence of an
act or omission which could reasonable be expected to give rise to the imposition on Holdings, any
of its Subsidiaries or any of their respective ERISA Affiliates of fines, penalties, taxes or
related charges under Chapter 43 of the Internal Revenue Code or under Section 409, Section 502(c),
(i) or (l), or Section 4071 of ERISA in respect of any Employee Benefit Plan; (ix) the assertion of
a material claim (other than routine claims for benefits) against any Employee Benefit Plan other
than a Multiemployer Plan or the assets thereof, or against Holdings, any of its Subsidiaries or
any of their respective ERISA Affiliates in connection with any Employee Benefit Plan; (x) receipt
from the Internal Revenue Service of notice of the failure of any Pension Plan (or any other
Employee Benefit Plan intended to be qualified under Section 401(a) of the Internal Revenue Code)
to qualify under Section 401(a) of the Internal Revenue Code, or the failure of any trust forming
part of any Pension Plan to qualify for exemption from taxation under Section 501(a) of the
Internal Revenue Code; or (xi) the imposition of a Lien pursuant to Section 401(a)(29) or 412(n) of
the Internal Revenue Code or pursuant to ERISA with respect to any Pension Plan.

          “Eurodollar Rate Loan” means a Loan bearing interest at a rate determined by reference to the
Adjusted Eurodollar Rate.

          “Event of Default” means each of the conditions or events set forth in Section 8.1.

          “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and
any successor statute.

          “Existing Credit Agreement” as defined in the recitals hereto.

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          “Existing Earn-Out Obligation” means the unsecured contingent liability of Company or ARC
Acquisition Corporation, as the case may be, owed to a seller as a portion of the purchase price
under, and as set forth in, the acquisition agreements which are identified on Schedule 1.1(a)
annexed hereto, as in effect on the Closing Date and as such agreements may thereafter be amended,
restated, supplemented or otherwise modified from time to time to the extent permitted under
Section 6.16.

          “Existing Lenders” as defined in the recitals hereto.

          “Existing Seller Subordinated Notes” means, collectively, the unsecured promissory notes
identified on Schedule 1.1(b) annexed hereto, which promissory notes were issued by Company to a
seller as a portion of the purchase price in connection with an acquisition consummated prior to
the Closing Date, as such notes are in effect on the Closing Date and as such promissory notes may
thereafter be amended, restated, supplemented or otherwise modified from time to time to the extent
permitted under Section 6.16.

          “Existing Term Loans” means “Term Loans” as such term is defined in the Existing Credit
Agreement.

          “Facility” means any real property (including all buildings, fixtures or other improvements
located thereon) now, hereafter or heretofore owned, leased, operated or used by Holdings or any of
its Subsidiaries or any of their respective predecessors or Affiliates.

          “Fair Share” as defined in Section 7.2.

          “Fair Share Contribution Amount” as defined in Section 7.2.

          “Federal Funds Effective Rate” means, for any day, a floating rate equal to the weighted
average of the rates on overnight federal funds transactions among members of the Federal Reserve
System, as determined by Administrative Agent in its sole discretion, which determination shall be
final, binding and conclusive (absent demonstrable error).

          “Financial Officer Certification” means, with respect to the financial statements for which
such certification is required, the certification of the chief financial officer of Holdings that
such financial statements fairly present, in all material respects, the financial condition of
Holdings and its Subsidiaries as at the dates indicated and the results of their operations and
their cash flows for the periods indicated, subject to changes resulting from audit and normal
year-end adjustments.

          “Financial Plan” as defined in Section 5.1(i).

          “First Priority” means, with respect to any Lien purported to be created in any Collateral
pursuant to any Collateral Document, that such Lien is the only Lien to which such Collateral is
subject, other than any Permitted Lien.

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          “First Priority Senior Debt Leverage Ratio” means the ratio as of the last day of any Fiscal
Quarter of (i) Consolidated First Priority Senior Debt as of such day to (ii) Consolidated Adjusted
EBITDA for the four-Fiscal Quarter period ending on such date.

          “Fiscal Quarter” means a fiscal quarter of any Fiscal Year.

          “Fiscal Year” means the fiscal year of Holdings and its Subsidiaries ending on December
31st of each calendar year.

          “Fixed Charge Coverage Ratio” means the ratio as of the last day of any Fiscal Quarter of (i)
Consolidated Adjusted EBITDAR for the four-Fiscal Quarter Period then ending minus the sum,
without duplication, of the amounts for such period of (a) cash payments made in respect of
Consolidated Capital Expenditures (net of any proceeds of any related financings with respect to
such expenditures), (b) the provision for current taxes based on income of Company and its
Subsidiaries and payable in cash with respect to such period, and any Permitted Tax Distributions
payable in cash with respect to such period (excluding any payments made to members of AR Holdings
in connection with the Initial Public Offering in an amount not to exceed $8,300,000), and (c) any
Permitted Investor Note Tax Distribution Amount payable in cash with respect to such period, to
(ii) Consolidated Fixed Charges for such four-Fiscal Quarter Period.

          “Flood Hazard Property” means any Real Estate Asset subject to a mortgage in favor of
Collateral Agent, for the benefit of the Lenders, and located in an area designated by the Federal
Emergency Management Agency as having special flood or mud slide hazards.

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

          “Funding Default” as defined in Section 2.22.

          “Funding Guarantor” as defined in Section 7.2.

          “Funding Notice” means a notice substantially in the form of Exhibit A-1.

          “GAAP” means, subject to the limitations on the application thereof set forth in Section 1.2,
United States generally accepted accounting principles in effect as of the date of determination
thereof.

          “Governmental Acts” means any act or omission, whether rightful or wrongful, of any present or
future de jure or de facto government or Governmental Authority.

          “Governmental Authority” means any federal, state, municipal, national or other government,
governmental department, commission, board, bureau, court, agency or instrumentality or political
subdivision thereof or any entity or officer exercising executive, legislative, judicial,
regulatory or administrative functions of or pertaining to any government or any court, in each
case whether associated with a state of the United States, the United States, or a foreign entity
or government.

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          “Governmental Authorization” means any permit, license, authorization, plan, directive,
consent order or consent decree of or from any Governmental Authority.

          “Grantor” as defined in the Pledge and Security Agreement.

          “Guaranteed Obligations” as defined in Section 7.1.

          “Guarantor” means each of Holdings and each Domestic Subsidiary of Holdings (other than
Company).

          “Guarantor Subsidiary” means each Guarantor other than Holdings.

          “Guaranty” means the guaranty of each Guarantor set forth in Section 7.

          “Hazardous Materials” means any chemical, material or substance, exposure to which is
prohibited, limited or regulated by any Governmental Authority or which may or could pose a hazard
to the health and safety of the owners, occupants or any Persons in the vicinity of any Facility or
to the indoor or outdoor environment.

          “Hazardous Materials Activity” means any past, current or proposed activity, event or
occurrence involving any Hazardous Materials, including the use, manufacture, possession, storage,
holding, presence, existence, location, Release, threatened Release, discharge, placement,
generation, transportation, processing, treatment, abatement, removal, remediation, disposal,
disposition or handling of any Hazardous Materials, and any corrective action or response action
with respect to any of the foregoing.

          “Hedge Agreement” means an Interest Rate Agreement or a Currency Agreement entered into with a
Lender Counterparty in order to satisfy the requirements of this Agreement or otherwise in the
ordinary course of Holdings’ or any of its Subsidiaries’ businesses and not for speculative
purposes.

          “Highest Lawful Rate” means the maximum lawful interest rate, if any, that at any time or from
time to time may be contracted for, charged, or received under the laws applicable to any Lender
which are presently in effect or, to the extent allowed by law, under such applicable laws which
may hereafter be in effect and which allow a higher maximum nonusurious interest rate than
applicable laws now allow.

          “Historical Financial Statements” means as of the Closing Date, (i) the audited financial
statements of AR Holdings and its Subsidiaries, for the immediately preceding three (3) Fiscal
Years, consisting of balance sheets and the related consolidated statements of income, members’
equity and cash flows for such Fiscal Years, and (ii) the unaudited financial statements of AR
Holdings and its Subsidiaries as at the most recently ended Fiscal Quarter and month, consisting of
a balance sheet and the related consolidated statements of income, members’ equity and cash flows
for the three-, six-or nine-month period, as applicable, ending on such date, and, in the case of
clauses (i) and (ii), certified by the chief financial officer of Company that they fairly present,
in all material respects, the financial condition of AR Holdings and its Subsidiaries

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as at the dates indicated and the results of their operations and their cash flows for the
periods indicated, subject to changes resulting from audit and normal year-end adjustments.

          “Holdings” shall mean American Reprographics Company, a Delaware corporation.

          “Holdings Operating Agreement” means the Amended and Restated Operating Agreement of AR
Holdings dated as of April 10, 2000, as amended through the Closing Date and as such agreement may
be further amended, restated, supplemented or otherwise modified from time to time to the extent
permitted under Section 6.15.

          “Increased Amount Date” as defined in Section 2.24.

          “Increased-Cost Lender” as defined in Section 2.23.

          “Indebtedness", as applied to any Person, means, without duplication, (i) all indebtedness for
borrowed money; (ii) that portion of obligations with respect to Capital Leases that is properly
classified as a liability on a balance sheet in conformity with GAAP; (iii) notes payable and
drafts accepted representing extensions of credit whether or not representing obligations for
borrowed money; (iv) any obligation owed for all or any part of the deferred purchase price of
property or services (excluding any such obligations incurred under ERISA and ordinary course trade
payables), which purchase price is (a) due more than six months from the date of incurrence of the
obligation in respect thereof or (b) evidenced by a note or similar written instrument; (v) all
indebtedness secured by any Lien on any property or asset owned or held by that Person regardless
of whether the indebtedness secured thereby shall have been assumed by that Person or is
nonrecourse to the credit of that Person; (vi) the face amount of any letter of credit issued for
the account of that Person or as to which that Person is otherwise liable for reimbursement of
drawings; (vii) the direct or indirect guaranty, endorsement (otherwise than for collection or
deposit in the ordinary course of business), co-making, discounting with recourse or sale with
recourse by such Person of the obligation of another; (viii) any obligation of such Person the
primary purpose or intent of which is to provide assurance to an obligee that the obligation of the
obligor thereof will be paid or discharged, or any agreement relating thereto will be complied
with, or the holders thereof will be protected (in whole or in part) against loss in respect
thereof (excluding ordinary course trade payables); (ix) any liability of such Person for an
obligation of another through any agreement (contingent or otherwise) (a) to purchase, repurchase
or otherwise acquire such obligation or any security therefor, or to provide funds for the payment
or discharge of such obligation (whether in the form of loans, advances, stock purchases, capital
contributions or otherwise) or (b) to maintain the solvency or any balance sheet item, level of
income or financial condition of another if, in the case of any agreement described under
subclauses (a) or (b) of this clause (ix), the primary purpose or intent thereof is as described in
clause (viii) above; and (x) all obligations of such Person in respect of any exchange traded or
over the counter derivative transaction, including, without limitation, any Interest Rate Agreement
and Currency Agreement, whether entered into for hedging or speculative purposes; provided,
in no event shall obligations under any Interest Rate Agreement and any Currency Agreement be
deemed “Indebtedness” for any purpose under Section 6.8.

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          “Indemnified Liabilities” means, collectively, any and all liabilities, obligations, losses,
damages (including natural resource damages), penalties, claims (including Environmental Claims),
costs (including the costs of any investigation, study, sampling, testing, abatement, cleanup,
removal, remediation or other response action necessary to remove, remediate, clean up or abate any
Hazardous Materials Activity), expenses and disbursements of any kind or nature whatsoever
(including the reasonable fees and disbursements of counsel for Indemnitees in connection with any
investigative, administrative or judicial proceeding commenced or threatened by any Person, whether
or not any such Indemnitee shall be designated as a party or a potential party thereto, and any
fees or expenses incurred by Indemnitees in enforcing this indemnity), whether direct, indirect or
consequential and whether based on any federal, state or foreign laws, statutes, rules or
regulations (including securities and commercial laws, statutes, rules or regulations and
Environmental Laws), on common law or equitable cause or on contract or otherwise, that may be
imposed on, incurred by, or asserted against any such Indemnitee, in any manner relating to or
arising out of (i) this Agreement or the other Credit Documents or the transactions contemplated
hereby or thereby (including the Lenders’ agreement to make Credit Extensions or the use or
intended use of the proceeds thereof, or any enforcement of any of the Credit Documents (including
any sale of, collection from, or other realization upon any of the Collateral or the enforcement of
the Guaranty)); (ii) the statements contained in the commitment letter delivered by any Lender to
Company or Sponsor with respect to the transactions contemplated by this Agreement; or (iii) any
Environmental Claim or any Hazardous Materials Activity relating to or arising from, directly or
indirectly, any past or present activity, operation, land ownership, or practice of Holdings or any
of its Subsidiaries.

          “Indemnitee” as defined in Section 10.3.

          “Index Rate” means, for any day, a floating rate equal to the higher of (i) the rate publicly
quoted from time to time by The Wall Street Journal as the “base rate on corporate loans
posted by at least 75% of the nation’s 30 largest banks” (or, if The Wall Street Journal
ceases quoting a base rate of the type described, the highest per annum rate of interest published
by the Federal Reserve Board in Federal Reserve statistical release H.15 (519) entitled “Selected
Interest Rates” as the Bank prime loan rate or its equivalent), and (ii) the Federal Funds
Effective Rate plus 50 basis points per annum. Each change in any interest rate provided for in
the Agreement based upon the Index Rate shall take effect at the time of such change in the Index
Rate.

          “Index Rate Loan” means a Loan bearing interest at a rate determined by reference to the Index
Rate.

          “Initial Public Offering” means the initial public offering of Capital Stock of Holdings in an
aggregate minimum amount of net proceeds to Holdings of $70,000,000.

          “Installment” as defined in Section 2.12(a).

          “Intercreditor Agreement” means an Intercreditor Agreement substantially in the form of
Exhibit L, as it may be amended, supplemented or otherwise modified from time to time.

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          “Interest Coverage Ratio” means the ratio as of the last day of any Fiscal Quarter of (i)
Consolidated Adjusted EBITDAR for the four-Fiscal Quarter Period then ended, to (ii) the sum of the
amounts for such period of (a) Consolidated Cash Interest Expense and (b) Consolidated Rental
Payments.

          “Interest Payment Date” means with respect to (i) any Index Rate Loan, each March 31, June 30,
September 30 and December 31 of each year, commencing on the first such date to occur after the
Effective Date and the final maturity date of such Loan; and (ii) any Eurodollar Rate Loan, the
last day of each Interest Period applicable to such Loan; provided, in the case of each
Interest Period of longer than three months “Interest Payment Date” shall also include each date
that is three months, or an integral multiple thereof, after the commencement of such Interest
Period.

          “Interest Period” means, with respect to any Eurodollar Rate Loan, each period commencing on a
LIBOR Business Day selected by Company pursuant to the Agreement and ending one, two, three, six
or, with the consent of each affected Lender, twelve months thereafter, as selected by Company in
the applicable Funding Notice; provided, that the foregoing provision relating to Interest
Periods is subject to the following:

     (a) if any Interest Period would otherwise end on a day that is not a LIBOR Business
Day, such Interest Period shall be extended to the next succeeding LIBOR 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 immediately preceding LIBOR
Business Day;

     (b) any Interest Period that would otherwise extend beyond the date set forth in clause
(i) of the definition of “Revolving Commitment Termination Date” shall end two (2) LIBOR
Business Days prior to such date;

     (c) any Interest Period that begins on the last LIBOR 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 LIBOR Business Day of a calendar
month;

     (d) Company shall select Interest Periods so as not to require a payment or prepayment
of any Eurodollar Rate Loan during an Interest Period for such Loan;

     (e) Company shall select Interest Periods so that there shall be no more than 8
separate Eurodollar Rate Loans in existence at any one time; and

          (f) no Interest Period may be selected for any portion of the Term Loans if an Installment for
such Term Loan is payable during such Interest Period and the portion of such Term Loan which
constitutes an Index Rate Loan does not equal or exceed the amount of such Installment.

          “Interest Rate Agreement” means any interest rate swap agreement, interest rate cap agreement,
interest rate collar agreement, interest rate hedging agreement or other

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similar agreement or arrangement, each of which is for the purpose of hedging the interest
rate exposure associated with Holdings’ and its Subsidiaries’ operations and not for speculative
purposes.

          “Interest Rate Determination Date” means, with respect to any Interest Period, the date that
is two Business Days prior to the first day of such Interest Period.

          “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended to the date hereof
and from time to time hereafter, and any successor statute.

          “Investment” means (i) any direct or indirect purchase or other acquisition by Holdings or any
of its Subsidiaries of, or of a beneficial interest in, any of the Securities of any other Person
(other than a Guarantor Subsidiary); (ii) any direct or indirect redemption, retirement, purchase
or other acquisition for value, by any Subsidiary of Holdings from any Person (other than Holdings
or any Guarantor Subsidiary), of any Capital Stock of such Person; and (iii) any direct or indirect
loan, advance (other than advances to employees for moving, entertainment and travel expenses,
drawing accounts and similar expenditures in the ordinary course of business) or capital
contribution by Holdings or any of its Subsidiaries to any other Person (other than Holdings or
any Guarantor Subsidiary), including all indebtedness and accounts receivable from that other
Person that are not current assets or did not arise from sales to that other Person in the ordinary
course of business. The amount of any Investment shall be the original cost of such Investment plus
the cost of all additions thereto, without any adjustments for increases or decreases in value, or
write-ups, write-downs or write-offs with respect to such Investment.

          “Investor Notes” means, collectively, any unsecured promissory notes issued by AR Holdings to
ARC Acquisition Co., L.L.C., in accordance with Section 6.1(c) of the Holdings Operating Agreement,
which notes are expressly subordinated and made junior to the payment and performance in full of
all the Obligations, each of which shall be substantially in the form of Exhibit B to the Holdings
Operating Agreement, as such notes may be amended, restated, supplemented or otherwise modified
from time to time to the extent permitted under Section 6.16.

          “Investor Note Tax Benefit Amount” means with respect to the applicable period with respect to
which a Permitted Tax Distribution is determined, the excess, if any, of (i) the amount that such
Permitted Tax Distribution would be for such period had there never been any Investor Notes
outstanding at any time over (ii) the actual Permitted Tax Distribution for such period.

          “Investor Registration Rights Agreement” means the Investor Registration Rights Agreement,
dated April 10, 2000 by and among AR Holdings, ARC Acquisition Co., L.L.C., GS Mezzanine Partners
II, L.P., and GS Mezzanine Partners II Offshore, L.P. and certain other parties signatory thereto
as in effect on the Closing Date and as such agreement may thereafter be amended, restated,
supplemented or otherwise modified from time to time to the extent permitted under Section 6.15.

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          “Investor Unitholders Agreement” means the Investor Unitholders Agreement dated April 10, 2000
by and among AR Holdings, ARC Acquisition Co., L.L.C., GS Mezzanine Partners II, L.P., and GS
Mezzanine Partners II Offshore, L.P. as in effect on the Closing Date and as such agreement may
thereafter be amended, restated, supplemented or otherwise modified from time to time to the extent
permitted under Section 6.15.

          “Issuance Notice” means an Issuance Notice substantially in the form of Exhibit A-3.

          “Issuing Bank” means GECC as Issuing Bank hereunder, together with its permitted successors
and assigns in such capacity.

          “Joinder Agreement” means an agreement substantially in the form of Exhibit N.

          “Joint Venture” means a joint venture, partnership or other similar arrangement, whether in
corporate, partnership or other legal form; provided, in no event shall any corporate
Subsidiary of any Person be considered to be a Joint Venture to which such Person is a party.

          “Landlord Consent and Estoppel” means, with respect to any Leasehold Property, a letter,
certificate or other instrument in writing from the lessor under the related lease, pursuant to
which, among other things, the landlord consents to the granting of a Mortgage on such Leasehold
Property by the Credit Party tenant, such Landlord Consent and Estoppel to be in form and substance
acceptable to Collateral Agent in its reasonable discretion, but in any event sufficient for
Collateral Agent to obtain a Title Policy with respect to such Mortgage.

          “Landlord Personal Property Collateral Access Agreement” means a Landlord Waiver and Consent
Agreement substantially in the form of Exhibit K with such amendments or modifications as may be
approved by Collateral Agent.

          “Lead Arranger” as defined in the preamble hereto.

          “Leasehold Property” means any leasehold interest of any Credit Party as lessee under any
lease of real property, other than any such leasehold interest designated from time to time by
Collateral Agent in its sole discretion as not being required to be included in the Collateral.

          “Lender” means each financial institution listed on the signature pages hereto as a Lender,
and any other Person that becomes a party hereto pursuant to an Assignment Agreement or a Joinder
Agreement.

          “Lender Counterparty” means each Lender or any Affiliate of a Lender counterparty to a Hedge
Agreement (including any Person who is a Lender (and any Affiliate thereof) as of the Closing Date
but subsequently, whether before or after entering into a Hedge Agreement, ceases to be a Lender)
including, without limitation, each such Affiliate that enters into a joinder agreement with
Collateral Agent.

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          “Letter of Credit” means a commercial or standby letter of credit issued or to be issued by
Issuing Bank pursuant to this Agreement.

          “Letter of Credit Sublimit” means the lesser of (i) $10,000,000 and (ii) the aggregate unused
amount of the Revolving Commitments then in effect.

          “Letter of Credit Usage” means, as at any date of determination, the sum of (i) the maximum
aggregate amount which is, or at any time thereafter may become, available for drawing under all
Letters of Credit then outstanding, and (ii) the aggregate amount of all drawings under Letters of
Credit honored by Issuing Bank and not theretofore reimbursed by or on behalf of Company.

          “Leverage Ratio” means the ratio as of the last day of any Fiscal Quarter of (i) Consolidated
Total Debt as of such day to (ii) Consolidated Adjusted EBITDA for the four-Fiscal Quarter period
ending on such date.

          “LIBOR Business Day” means a Business Day on which banks in the City of London are generally
open for interbank or foreign exchange transactions.

          “Lien” means (i) any lien, mortgage, pledge, assignment, security interest, charge or
encumbrance of any kind (including any agreement to give any of the foregoing, any conditional sale
or other title retention agreement, and any lease in the nature thereof) and any option, trust or
other preferential arrangement having the practical effect of any of the foregoing and (ii) in the
case of Securities, any purchase option, call or similar right of a third party with respect to
such Securities.

          “Loan” means a Tranche C Term Loan, a Revolving Loan, a Swing Line Loan and a New Term Loan.

          “Management Agreement” means that certain Financial Advisory Services Agreement dated as of
April 10, 2000 between CHS Management IV, L.P. and Holdings as in effect on the Closing Date and as
such agreement may thereafter be amended, restated, supplemented or otherwise modified from time to
time to the extent permitted under Section 6.15.

          “Management Fees” means with respect to any fees payable by Holdings pursuant to the
Management Agreement, an amount for any Fiscal Year not to exceed $1,000,000 plus the reasonable
out-of-pocket expenses of Sponsor reimbursable thereunder.

          “Margin Stock” as defined in Regulation U of the Board of Governors of the Federal Reserve
System as in effect from time to time.

          “Material Adverse Effect” means a material adverse effect on (i) the business, operations,
properties, assets, condition (financial or otherwise) or prospects of Holdings and its
Subsidiaries taken as a whole; (ii) the ability of any Credit Party to fully and timely perform its
Obligations; (iii) the legality, validity, binding effect or enforceability against a Credit Party
of a

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Credit Document to which it is a party; or (iv) the rights, remedies and benefits available
to, or conferred upon, any Agent and any Lender or any Secured Party under any Credit Document.

          “Material Contract” means any contract or other arrangement to which Holdings or any of its
Subsidiaries is a party (other than the Credit Documents) for which breach, nonperformance,
cancellation or failure to renew could reasonably be expected to have a Material Adverse Effect.

          “Material Real Estate Asset’’ means (i) (a) any fee-owned Real Estate Asset having a fair
market value in excess of $500,000 as of the date of the acquisition thereof and (b) all Leasehold
Properties other than those with respect to which the aggregate payments under the term of the
lease are less than $250,000 per annum or (ii) any Real Estate Asset that the Requisite Lenders
have determined is material to the business, operations, properties, assets, condition (financial
or otherwise) or prospects of Holdings or any Subsidiary thereof, including Company.

          “Moody’s” means Moody’s Investor Services, Inc.

          “Mortgage” means a Mortgage substantially in the form of Exhibit J, as it may be amended,
supplemented or otherwise modified from time to time.

          “Multiemployer Plan” means any Employee Benefit Plan which is a “multiemployer plan” as
defined in Section 3(37) of ERISA.

          “NAIC” means The National Association of Insurance Commissioners, and any successor thereto.

          “Narrative Report” means, with respect to the financial statements for which such narrative
report is required, a narrative report describing the operations of Holdings and its Subsidiaries
in the form prepared for presentation to senior management thereof for the applicable month, Fiscal
Quarter or Fiscal Year and for the period from the beginning of the then current Fiscal Year to the
end of such period to which such financial statements relate.

          “Net Asset Sale Proceeds” means, with respect to any Asset Sale, an amount equal to: (i) Cash
payments (including any Cash received by way of deferred payment pursuant to, or by monetization
of, a note receivable or otherwise, but only as and when so received) received by Holdings or any
of its Subsidiaries from such Asset Sale, minus (ii) any bona fide direct costs incurred in
connection with such Asset Sale, including (a) income or gains taxes payable by the seller as a
result of any gain recognized in connection with such Asset Sale, (b) payment of the outstanding
principal amount of, premium or penalty, if any, and interest on any Indebtedness (other than the
Loans) that is secured by a Lien on the stock or assets in question and that is required to be
repaid under the terms thereof as a result of such Asset Sale and (c) a reasonable reserve for any
indemnification payments (fixed or contingent) attributable to seller’s indemnities and
representations and warranties to purchaser in respect of such Asset Sale undertaken by Holdings or
any of its Subsidiaries in connection with such Asset Sale.

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          “Net Insurance/Condemnation Proceeds” means an amount equal to: (i) any Cash payments or
proceeds received by Holdings or any of its Subsidiaries (a) under any casualty insurance policy in
respect of a covered loss thereunder or (b) as a result of the taking of any assets of Holdings or
any of its Subsidiaries by any Person pursuant to the power of eminent domain, condemnation or
otherwise, or pursuant to a sale of any such assets to a purchaser with such power under threat of
such a taking, minus (ii) (a) any actual and reasonable costs incurred by Holdings or any
of its Subsidiaries in connection with the adjustment or settlement of any claims of Holdings or
such Subsidiary in respect thereof, and (b) any bona fide direct costs incurred in connection with
any sale of such assets as referred to in clause (i)(b) of this definition, including income taxes
payable as a result of any gain recognized in connection therewith.

          “New Term Loan Commitments” as defined in Section 2.24.

          “New Term Loan Exposure” means, with respect to any Lender, as of any date of determination,
the outstanding principal amount of the New Term Loans of such Lender.

          “New Term Loan Lender” as defined in Section 2.24.

          “New Term Loans” as defined in Section 2.24.

          “Non-Consenting Lender” as defined in Section 2.23.

          “Non-US Lender” as defined in Section 2.20(c).

          “Note” means a Tranche C Term Loan Note, a Revolving Loan Note or a Swing Line Note.

          “Notice” means a Funding Notice, an Issuance Notice, or a Conversion/Continuation Notice.

          “Obligations” means all obligations of every nature of each Credit Party from time to time
owed to the Agents (including former Agents), the Lenders or any of them and Lender
Counterparties), under any Credit Document or Hedge Agreement (including, without limitation, with
respect to a Hedge Agreement, obligations owed thereunder to any person who was a Lender or an
Affiliate of a Lender at the time such Hedge Agreement was entered into), whether for principal,
interest (including interest which, but for the filing of a petition in bankruptcy with respect to
such Credit Party, would have accrued on any Obligation, whether or not a claim is allowed against
such Credit Party for such interest in the related bankruptcy proceeding), reimbursement of amounts
drawn under Letters of Credit, payments for early termination of Hedge Agreements, fees, expenses,
indemnification or otherwise.

          “Obligee Guarantor” as defined in Section 7.7.

          “Offer” as defined in Section 2.13(c).

          “Offer Loans” as defined in Section 2.13(c).

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          “Organizational Documents” means (i) with respect to any corporation, its certificate or
articles of incorporation or organization, as amended, and its by-laws, as amended, (ii) with
respect to any limited partnership, its certificate of limited partnership, as amended, and its
partnership agreement, as amended, (iii) with respect to any general partnership, its partnership
agreement, as amended, and (iv) with respect to any limited liability company, its articles of
organization, as amended, and its operating agreement, as amended. In the event any term or
condition of this Agreement or any other Credit Document requires any Organizational Document to be
certified by a secretary of state or similar governmental official, the reference to any such
“Organizational Document” shall only be to a document of a type customarily certified by such
governmental official.

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

          “Pension Plan” means any Employee Benefit Plan, other than a Multiemployer Plan, which is
subject to Section 412 of the Internal Revenue Code or Section 302 of ERISA.

          “Permitted Acquisition” means any acquisition by Company or any of its wholly-owned
Subsidiaries, whether by purchase, merger or otherwise, of all or substantially all of the assets
of, all of the Capital Stock of, or a business line or unit or a division of, any Person;
provided,

          (i) immediately prior to, and after giving effect thereto, no Default or Event of
Default shall have occurred and be continuing or would result therefrom;

          (ii) all transactions in connection therewith shall be consummated, in all material
respects, in accordance with all applicable laws and in conformity with all applicable
Governmental Authorizations;

          (iii) in the case of the acquisition of Capital Stock, all of the Capital Stock (except
for any such Securities in the nature of directors’ qualifying shares required pursuant to
applicable law) acquired or otherwise issued by such Person or any newly formed Subsidiary
of Company in connection with such acquisition shall be owned 100% by Company or a Guarantor
Subsidiary thereof, and Company shall have taken, or caused to be taken, as of the date such
Person becomes a Subsidiary of Company, each of the actions set forth in Sections 5.10
and/or 5.11, as applicable;

          (iv) if the consideration to be delivered in connection with the proposed acquisition
includes any deferred consideration payable to any seller such as payment under a seller
note, Additional Earn-Out Obligations, or extraordinary payments under consulting,
employment or lease agreements with such seller or its Affiliates, such deferred
consideration shall in all cases be expressly subordinated to payment of the Obligations
pursuant to an Additional Seller Subordinated Note or a subordination agreement
substantially in the form of Exhibit M (or an agreement containing substantially similar
terms, in each case with such modifications thereto as may be consented to by Administrative
Agent), as the case may be;

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          (v) Holdings and its Subsidiaries shall be in compliance with the financial covenants
set forth in Section 6.8 on a pro forma basis after giving effect to such acquisition as of
the last day of the Fiscal Quarter most recently ended, (as determined in accordance with
Section 6.8(f));

          (vi) Company shall have delivered to Administrative Agent at least 10 Business Days
prior to such proposed acquisition, (y) a Compliance Certificate evidencing compliance with
Section 6.8 as required under clause (v) above, together with all relevant financial
information with respect to such acquired assets, including, without limitation, the
aggregate consideration for such acquisition and any other information required to
demonstrate compliance with Section 6.8 and (z) copies of the definitive documentation
relating to such proposed acquisition; and

          (vii) any Person or assets or division as acquired in accordance herewith (y) shall be
in same business or lines of business in which Company and/or its Subsidiaries are permitted
to be engaged pursuant to Section 6.13 and (z) shall have generated positive Consolidated
Adjusted EBITDA (after allowing for pro forma adjustments as may be permitted in Section
6.8(f)) for the most recently completed four-Fiscal Quarter period prior to the date of such
acquisition.

          “Permitted Investor Note Tax Distribution Amount” as defined in Section 6.5(d).

          “Permitted Liens” means each of the Liens permitted pursuant to Section 6.2.

          “Permitted Sale-Leasebacks” as defined in Section 6.11.

          “Permitted Tax Distributions” means with respect to each (a) Fiscal Quarter of AR Holdings or
other non-annual taxable period for which taxes are payable by the holders of AR Holdings’ Capital
Stock, cash distributions made to any of the holders of AR Holdings’ Capital Stock, made at
approximately the same time at which federal income tax installments with respect to income for
such Fiscal Quarter or other taxable period are payable, in an amount sufficient to pay such
holder’s estimated federal, state and local income taxes on such holder’s respective share of the
taxable income of AR Holdings for such fiscal quarter or other taxable period, and (b) Fiscal Year
of AR Holdings, cash distributions made to any of the holders of AR Holdings’ Capital Stock, made
after the end of such Fiscal Year and prior to the date one hundred (100) days after the end of
such Fiscal Year, in an amount sufficient to pay such holder’s federal, state and local income
taxes on such holder’s respective share of the taxable income of AR Holdings for such fiscal year,
provided that (i) any cash distribution made under clause (b) with respect to a Fiscal Year for
which quarterly distributions were made as provided in clause (a) shall be reduced by an amount
equal to the sum of such quarterly distributions, and (ii) in the case of each of clauses (a) and
(b) above distributions shall be made only to the extent such income exceeds the cumulative losses
of AR Holdings allocated for tax purposes to its members in the aggregate for prior Fiscal Years
that have not been utilized to reduce taxable income in prior Fiscal Years and that are available
for use in the current Fiscal Year. Permitted Tax Distributions shall be made assuming the holders
of AR Holdings’ Capital Stock are subject to

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the higher of (x) federal, New York state, and New York City income taxes at the highest
marginal rate, and (y) federal, California state, and any local income taxes to which any of the
holders is subject at the highest marginal rate, taking into account any reduction in any one such
tax referred to in either clause (x) or (y) on account of amounts paid or owing with respect to any
other of such taxes.

          “Person” means and includes natural persons, corporations, limited partnerships, general
partnerships, limited liability companies, limited liability partnerships, joint stock companies,
Joint Ventures, associations, companies, trusts, banks, trust companies, land trusts, business
trusts or other organizations, whether or not legal entities, and Governmental Authorities.

          “Phase I Report’’ means, with respect to any Facility, a report that (i) conforms to the ASTM
Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment, E
1527-00 and (ii) was conducted no more than six months prior to the date such report is required to
be delivered hereunder, by one or more environmental consulting firms reasonably satisfactory to
Administrative Agent.

          “Pledge and Security Agreement” means the Pledge and Security Agreement to be executed by
Company and each Guarantor substantially in the form of Exhibit I, as it may be amended,
supplemented or otherwise modified from time to time.

          “Principal Office” means, for each of Administrative Agent, Swing Line Lender and Issuing
Bank, such Person’s “Principal Office” as set forth on Appendix B, or such other office as such
Person may from time to time designate in writing to Company, Administrative Agent and each
Lender.

          “Projections” as defined in Section 4.8.

          “Pro Rata Share” means (i) with respect to all payments, computations and other matters
relating to the Tranche C Term Loan of any Lender, the percentage obtained by dividing (a) the
Tranche C Term Loan Exposure of that Lender by (b) the aggregate Tranche C Term Loan Exposure of
all Lenders; (ii) with respect to all payments, computations and other matters relating to the
Revolving Commitment or Revolving Loans of any Lender or any Letters of Credit issued or
participations purchased therein by any Lender or any participations in any Swing Line Loans
purchased by any Lender, the percentage obtained by dividing (a) the Revolving Exposure of that
Lender by (b) the aggregate Revolving Exposure of all Lenders and (iii) with respect to all
payments, computations, and other matters relating to New Term Loan Commitments or New Term Loans,
the percentage obtained by dividing (a) the New Term Loan Exposure of that Lender by (b) the
aggregate New Term Loan Exposure of all Lenders. For all other purposes with respect to each
Lender, “Pro Rata Share” means the percentage obtained by dividing (A) an amount equal to the sum
of the Tranche C Term Loan Exposure, the Revolving Exposure and the New Term Loan Exposure of that
Lender, by (B) an amount equal to the sum of the aggregate Tranche C Term Loan Exposure, the
aggregate Revolving Exposure and the aggregate New Term Loan Exposure of all Lenders.

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          “Real Estate Asset” means, at any time of determination, any interest (fee, leasehold or
otherwise) then owned by any Credit Party in any real property.

          “Record Document” means, with respect to any Leasehold Property, (i) the lease evidencing such
Leasehold Property or a memorandum thereof, executed and acknowledged by the owner of the affected
real property, as lessor, or (ii) if such Leasehold Property was acquired or subleased from the
holder of a Recorded Leasehold Interest, the applicable assignment or sublease document, executed
and acknowledged by such holder, in each case in form sufficient to give such constructive notice
upon recordation and otherwise in form reasonably satisfactory to Collateral Agent.

          “Recorded Leasehold Interest” means a Leasehold Property with respect to which a Record
Document has been recorded in all places necessary or desirable, in Administrative Agent’s
reasonable judgment, to give constructive notice of such Leasehold Property to third-party
purchasers and encumbrances of the affected real property.

          “Refunded Swing Line Loans” as defined in Section 2.3(b)(iv).

          “Register” as defined in Section 2.7(b).

          “Regulation D” means Regulation D of the Board of Governors of the Federal Reserve System, as
in effect from time to time.

          “Reimbursement Date” as defined in Section 2.4(d).

          “Related Agreements” means, collectively, the Management Agreement, the Holdings Operating
Agreement, the Investor Notes, the Company Operating Agreement, the Warrant Agreement, the
Warrants, the Investor Unitholders Agreement, the Investor Registration Rights Agreement and any
other document pursuant to which any other Subordinated Indebtedness is issued or otherwise
incurred.

          “Related Fund” means, with respect to any Lender that is an investment fund, any other
investment fund that invests in commercial loans and that is managed or advised by the same
investment advisor as such Lender or by an Affiliate of such investment advisor.

          “Release” means any release, spill, emission, leaking, pumping, pouring, injection, escaping,
deposit, disposal, discharge, dispersal, dumping, leaching or migration of any Hazardous Material
into the indoor or outdoor environment (including the abandonment or disposal of any barrels,
containers or other closed receptacles containing any Hazardous Material).

          “Replacement Lender” as defined in Section 2.23.

          “Requisite Class Lenders” means, at any time of determination, (i) for the Class of Lenders
having Tranche C Term Loan Exposure, Lenders holding more than 50% of the aggregate Tranche C Term
Loan Exposure of all Lenders; (ii) for the Class of Lenders having Revolving Exposure, Lenders
holding more than 50% of the aggregate Revolving Exposure of

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all Lenders; and (iii) for each Class of Lenders having New Term Loan Exposure, Lenders
holding more than 50% of the aggregate New Term Loan Exposure of that Class.

          “Requisite Lenders” means one or more Lenders having or holding Tranche C Term Loan Exposure,
New Term Loan Exposure and/or Revolving Exposure and representing more than 50% of the sum of (i)
the aggregate Tranche C Term Loan Exposure of all Lenders, (ii) the aggregate Revolving Exposure
of all Lenders, and (iii) the aggregate New Term Loan Exposure of all Lenders.

          “Restricted Junior Payment” means (i) any dividend or other distribution, direct or indirect,
on account of any Capital Stock of Holdings or Company now or hereafter outstanding, except a
dividend payable solely in shares of that class of Capital Stock to the holders of that class; (ii)
any redemption, retirement, sinking fund or similar payment, purchase or other acquisition for
value, direct or indirect, of any shares of any class of Capital Stock of Holdings or Company now
or hereafter outstanding; (iii) any payment made to retire, or to obtain the surrender of, any
outstanding warrants, options or other rights to acquire shares of any class of Capital Stock of
Holdings or Company now or hereafter outstanding; (iv) management or similar fees payable to
Sponsor or any of its Affiliates and (v) any payment or prepayment of principal of, premium, if
any, or interest on, or redemption, purchase, retirement, defeasance (including in-substance or
legal defeasance), sinking fund or similar payment with respect to, any Subordinated Indebtedness.

          “Revolving Commitment” means the commitment of a Lender to make or otherwise fund any
Revolving Loan and to acquire participations in Letters of Credit and Swingline Loans hereunder and
“Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each
Lender’s Revolving Commitment, if any, shall be equal to such Lender’s Revolving Commitment on the
day immediately prior to the Effective Date. The aggregate amount of the Revolving Commitments as
of the Closing Date is $30,000,000.

          “Revolving Commitment Period” means the period from the Closing Date to but excluding the
Revolving Commitment Termination Date.

          “Revolving Commitment Termination Date” means the earliest to occur of (i) December 18, 2008,
(ii) the date the Revolving Commitments are permanently reduced to zero pursuant to Section 2.13(b)
or 2.14, and (iii) the date of the termination of the Revolving Commitments pursuant to Section
8.1.

          “Revolving Exposure” means, with respect to any Lender as of any date of determination, (i)
prior to the termination of the Revolving Commitments, that Lender’s Revolving Commitment; and (ii)
after the termination of the Revolving Commitments, the sum of (a) the aggregate outstanding
principal amount of the Revolving Loans of that Lender, (b) in the case of Issuing Bank, the
aggregate Letter of Credit Usage in respect of all Letters of Credit issued by that Lender (net of
any participations by Lenders in such Letters of Credit), (c) the aggregate amount of all
participations by that Lender in any outstanding Letters of Credit or any unreimbursed drawing
under any Letter of Credit, (d) in the case of Swing Line Lender, the

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aggregate outstanding principal amount of all Swing Line Loans (net of any participations
therein by other Lenders), and (e) the aggregate amount of all participations therein by that
Lender in any outstanding Swing Line Loans.

          “Revolving Loan” means a Loan made by a Lender to Company pursuant to Section 2.2(a) and/or
2.22.

          “Revolving Loan Note” means a promissory note in the form of Exhibit B-2, as it may be
amended, supplemented or otherwise modified from time to time.

          “S&P” means Standard & Poor’s Ratings Group, a division of The McGraw Hill Corporation.

          “Sale-Leaseback” as defined in Section 6.11.

          “Second Lien Credit Agreement” means the Second Lien Credit Agreement dated as of the Closing
Date among the Company as borrower, Holdings, certain subsidiaries of the Company, GSCP as
administrative agent and collateral agent and the lenders party thereto, as it may be amended,
restated, supplemented, or otherwise modified from time to time in accordance with the provisions
of Section 6.16 hereof.

          “Secured Parties” has the meaning assigned to that term in the Pledge and Security Agreement.

          “Securities” means any stock, shares, partnership interests, membership interests, voting
trust certificates, certificates of interest or participation in any profit-sharing agreement or
arrangement, options, warrants, bonds, debentures, notes, or other evidences of indebtedness,
secured or unsecured, convertible, subordinated or otherwise, or in general any instruments
commonly known as “securities” or any certificates of interest, shares or participations in
temporary or interim certificates for the purchase or acquisition of, or any right to subscribe to,
purchase or acquire, any of the foregoing.

          “Securities Act” means the Securities Act of 1933, as amended from time to time, and any
successor statute.

          “Seller Subordinated Notes” means, collectively, the Existing Seller Subordinated Notes and
any Additional Seller Subordinated Notes.

          “Senior Note Indentures” means each of (i) that certain Indenture dated as of April 10, 2000
by and among Company, the Subsidiaries of Company party thereto, and Wilmington Trust Company, as
trustee and (ii) that certain Indenture dated as of April 10, 2000 by and among AR Holdings and
Wilmington Trust Company, as trustee, in each case as such indentures may have been amended,
restated, supplemented or otherwise modified from time to time.

          “Solvent” means, with respect to any Credit Party, that as of the date of determination, both
(i) (a) the sum of such Credit Party’s debt (including contingent liabilities)

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does not exceed the present fair saleable value of such Credit Party’s present assets; (b)
such Credit Party’s capital is not unreasonably small in relation to its business or any
transaction contemplated or undertaken after the Closing Date; and (c) such Person has not incurred
and does not intend to incur, or believe (nor should it reasonably believe) that it will incur,
debts beyond its ability to pay such debts as they become due (whether at maturity or otherwise);
and (ii) such Person is “solvent” within the meaning given that term and similar terms under
applicable laws relating to fraudulent transfers and conveyances. For purposes of this definition,
the amount of any contingent liability at any time shall be computed as the amount that, in light
of all of the facts and circumstances existing at such time, represents the amount that can
reasonably be expected to become an actual or matured liability (irrespective of whether such
contingent liabilities meet the criteria for accrual under Statement of Financial Accounting
Standard No.5).

          “Sponsor” means Code Hennessy & Simmons IV, L.P..

          “Subject Transaction” as defined in Section 6.8(f).

          “Subordinated Indebtedness” means (i) Indebtedness of Company or any of its Subsidiaries under
any Seller Subordinated Notes and under any Earn-Out Obligations, (ii) Indebtedness of Holdings
under any Investor Notes, and (iii) other Indebtedness of Holdings or any of its Subsidiaries
(excluding Indebtedness incurred under the Second Lien Credit Agreement) subordinated in right of
payment to the Obligations pursuant to documentation containing maturities, amortization schedules,
covenants, defaults, remedies, subordination provisions and other material terms in form and
substance satisfactory to Administrative Agent and Requisite Lenders.

          “Subsidiary” means, with respect to any Person, any corporation, partnership, limited
liability company, association, joint venture or other business entity of which more than 50% of
the total voting power of shares of stock or other ownership interests entitled (without regard to
the occurrence of any contingency) to vote in the election of the Person or Persons (whether
directors, managers, trustees or other Persons performing similar functions) having the power to
direct or cause the direction of the management and policies thereof is at the time owned or
controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that
Person or a combination thereof; provided, in determining the percentage of ownership
interests of any Person controlled by another Person, no ownership interest in the nature of a
“qualifying share” of the former Person shall be deemed to be outstanding.

          “Swing Line Lender” means GECC in its capacity as Swing Line Lender hereunder, together with
its permitted successors and assigns in such capacity.

          “Swing Line Loan” means a Loan made by Swing Line Lender to Company pursuant to Section 2.3.

          “Swing Line Note” means a promissory note in the form of Exhibit B-3, as it may be amended,
supplemented or otherwise modified from time to time.

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          “Swing Line Sublimit” means the lesser of (i) $5,000,000, and (ii) the aggregate unused amount
of Revolving Commitments then in effect.

          “Syndication Agent” as defined in the preamble hereto.

          “Tax” means any present or future tax, levy, impost, duty, assessment, charge, fee, deduction
or withholding of any nature and whatever called, by whomsoever, on whomsoever and wherever
imposed, levied, collected, withheld or assessed; provided, “Tax on the overall net income”
of a Person shall be construed as a reference to a tax imposed by the jurisdiction in which that
Person is organized or in which that Person’s applicable principal office (and/or, in the case of a
Lender, its lending office) is located or in which that Person (and/or, in the case of a Lender,
its lending office) is deemed to be doing business on all or part of the net income, profits or
gains (whether worldwide, or only insofar as such income, profits or gains are considered to arise
in or to relate to a particular jurisdiction, or otherwise) of that Person (and/or, in the case of
a Lender, its applicable lending office).

          “Term Loan” means a Tranche C Term Loan or a New Term Loan.

          “Term Loan Commitment” means the commitment of a Lender to make or otherwise fund a Tranche C
Term Loan or a New Term Loan Commitment and “Term Loan Commitments” means such commitments of all
Lenders in the aggregate.

          “Term Loan Exposure” means, with respect to any Lender, as of any date of determination, the
outstanding principal amount of the Tranche C Term Loans of such Lender;.

          “Term Loan Maturity Date” means the Tranche C Term Loan Maturity Date.

          “Term Loan Note” means a Tranche C Term Loan Note.

          “Terminated Lender” as defined in Section 2.23.

          “Title Policy” as defined in Section 3.1(i).

          “Total Utilization of Revolving Commitments” means, as at any date of determination, the sum
of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving
Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing Issuing Bank
for any amount drawn under any Letter of Credit, but not yet so applied), (ii) the aggregate
principal amount of all outstanding Swing Line Loans, and (iii) the Letter of Credit Usage.

          “Tranche C Term Loan” means a Tranche C Term Loan made by a Lender to Company pursuant to
Section 2.1(a).

          “Tranche C Term Loan Commitment” means the commitment of a Lender to make or otherwise fund a
Tranche C Term Loan and “Tranche C Term Loan Commitments” means such commitments of all Lenders in
the aggregate. The amount of each Lender’s Tranche C Term Loan Commitment, if any, is set forth on
Appendix A or in the applicable Assignment

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Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof.
The aggregate amount of the Tranche C Term Loan Commitments as of the Effective Date is
$77,550,000.

          “Tranche C Term Loan Exposure” means, with respect to any Lender, as of any date of
determination, the outstanding principal amount of the Tranche C Term Loans of such Lender;
provided, at any time prior to the making of the Tranche C Term Loans, the Tranche C Term Loan
Exposure of any Lender shall be equal to such Lender’s Tranche C Term Loan Commitment.

          “Tranche C Term Loan Maturity Date” means the earlier of (i) June 18, 2009, and (ii) the date
that all Tranche C Term Loans shall become due and payable in full hereunder, whether by
acceleration or otherwise.

          “Tranche C Term Loan Note” means a promissory note in the form of Exhibit B-1, as it may be
amended, supplemented or otherwise modified from time to time.

          “Transaction Costs” means the fees, costs and expenses payable by Holdings, Company or any of
Company’s Subsidiaries on or before the Effective Date in connection with the transactions
contemplated by the Credit Documents.

          “Type of Loan” means (i) with respect to either Term Loans or Revolving Loans, an Index Rate
Loan or a Eurodollar Rate Loan, and (ii) with respect to Swing Line Loans, an Index Rate Loan.

          “UCC” means the Uniform Commercial Code (or any similar or equivalent legislation) as in
effect in any applicable jurisdiction.

          “Warrant Agreement” means the Warrant Agreement dated as of April 10, 2000 among AR Holdings,
GS Mezzanine Partners II, L.P. and GS Mezzanine Partners II Offshore, L.P., as amended on September
8, 2000, and as such agreement may be further amended, restated, supplemented or otherwise modified
from time to time to the extent permitted under Section 6.15.

          “Warrants” means the warrants to acquire 3,896.14 common units of AR Holdings issued by
Company to GS Mezzanine Partners II, L.P., GS Mezzanine Partners II Offshore, L.P., Stone Street
Fund 2000, L.P. and Bridge Street Special Opportunities Fund 2000, L.P. and any additional warrants
to acquire common units of AR Holdings pursuant to the Warrant Agreement, as such warrants are in
effect on the dates of their respective issuances and as such warrants may thereafter be amended,
restated, supplemented or otherwise modified from time to time to the extent permitted under
Section 6.15.

1.2. Accounting Terms. Except as otherwise expressly provided herein, all accounting terms
not otherwise defined herein shall have the meanings assigned to them in conformity with GAAP.
Financial statements and other information required to be delivered by Holdings to Lenders pursuant
to
Section 5.1(a), 5.1(b) and 5.1(c) shall be prepared in accordance with GAAP as in effect at
the time of such preparation (and delivered together with the reconciliation
statements provided
for in Section 5.1(e), if applicable). Subject to the foregoing, calculations in connection with
the definitions, covenants and other provisions hereof shall utilize accounting principles and
policies in conformity with those used to prepare the Historical Financial Statements.

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      1.3. Interpretation, etc. Any of the terms defined herein may, unless the context otherwise
requires, be used in the singular or the plural, depending on the reference. References herein to
any Section, Appendix, Schedule or Exhibit shall be to a Section, an Appendix, a Schedule or an
Exhibit, as the case may be, hereof unless otherwise specifically provided. The use herein of the
word “include” or “including”, when following any general statement, term or matter, shall not be
construed to limit such statement, term or matter to the specific items or matters set forth
immediately following such word or to similar items or matters, whether or not no limiting language
(such as “without limitation” or “but not limited to” or words of similar import) is used with
reference thereto, but rather shall be deemed to refer to all other items or matters that fall
within the broadest possible scope of such general statement, term or matter.

SECTION 2. LOANS AND LETTERS OF CREDIT

     2.1. Term Loans.

          (a) Loan Commitments.

               (i) Subject to the terms and conditions hereof, each of the Continuing Lenders agrees
that the Term Loans made by such Lender under the Existing Credit Agreement in the amounts
set forth in Schedule 2.1(a) shall remain outstanding on and after the Effective Date as
Tranche C Term Loans made pursuant to this Agreement and such Term Loans shall on and after
the Effective Date have all of the rights and benefits of Tranche C Term Loans as set forth
in this Agreement and the other Loan Documents.

               (ii) Subject to the terms and conditions hereof, each Lender severally agrees that as
of the Effective Date it shall have Tranche C Term Loans outstanding to Company in an amount
equal to such Lender’s Tranche C Term Loan Commitment. Any amount that has been borrowed
under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject
to Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the Tranche C Term
Loans shall be paid in full no later than the Tranche C Term Loan Maturity Date. Each
Lender’s Tranche C Term Loan Commitment shall terminate immediately and without further
action on the Effective Date.

          (b) Borrowing Mechanics for Tranche C Term Loans.

               (i) Company shall deliver to Administrative Agent a fully executed Effective Date
Certificate no later than one (1) day prior to the Effective Date.

               (ii) Each Lender shall make its Tranche C Term Loan available to Administrative Agent
not later than 12:00 p.m. (New York City time) on the Effective

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Date, by wire transfer of
same day funds in Dollars, at Administrative Agent’s Principal Office. Upon satisfaction or
waiver of the conditions precedent specified herein, Administrative Agent shall allocate the
Tranche C Term Loans to the Lenders in accordance with such Lender’s Tranche C Term Loan
Commitment.

     2.2. Revolving Loans.

          (a) Revolving Commitments. During the Revolving Commitment Period, subject to the
terms and conditions hereof, each Lender severally agrees to make Revolving Loans to Company in an
aggregate amount up to but not exceeding such Lender’s Revolving Commitment; provided, that
after giving effect to the making of any Revolving Loans in no event shall the Total Utilization of
Revolving Commitments exceed the Revolving Commitments then in effect. Amounts borrowed pursuant
to this Section 2.2(a) may be repaid and reborrowed during the Revolving Commitment Period. Each
Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all
Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the
Revolving Commitments shall be paid in full no later than such date.

          (b) Borrowing Mechanics for Revolving Loans.

               (i) Except pursuant to 2.4(d), Revolving Loans that are Index Rate Loans shall be made
in an aggregate minimum amount of $500,000 and integral multiples of $100,000 in excess of
that amount, and Revolving Loans that are Eurodollar Rate Loans shall be in an aggregate
minimum amount of $1,000,000 and integral multiples of $250,000 in excess of that amount.

               (ii) Whenever Company desires that Lenders make Revolving Loans, Company shall deliver
to Administrative Agent a fully executed Funding Notice no later than 10:00 a.m. (New York
City time) at least three Business Days in advance of the proposed Credit Date in the case
of a Eurodollar Rate Loan, and at least one Business Day in advance of the proposed Credit
Date in the case of a Revolving Loan that is an Index Rate Loan. Except as otherwise
provided herein, a Funding Notice for a Revolving Loan that is a Eurodollar Rate Loan shall
be irrevocable on and after the related Interest Rate Determination Date, and Company shall
be bound to make a borrowing in accordance therewith.

               (iii) Notice of receipt of each Funding Notice in respect of Revolving Loans, together
with the amount of each Lender’s Pro Rata Share thereof, if any, together with the
applicable interest rate, shall be provided by Administrative Agent to each applicable
Lender by telefacsimile with reasonable promptness.

               (iv) Each Lender shall make the amount of its Revolving Loan available to
Administrative Agent not later than 12:00 p.m. (New York City time) on the applicable Credit
Date by wire transfer of same day funds in Dollars, at Administrative Agent’s Principal
Office. Except as provided herein, upon satisfaction or waiver of the conditions precedent
specified herein, Administrative Agent shall make the proceeds of such

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Revolving Loans
available to Company on the applicable Credit Date by causing an amount of same day funds in
Dollars equal to the proceeds of all such Revolving Loans received by Administrative Agent
from Lenders to be credited to the account of Company at Administrative Agent’s Principal
Office or such other account as may be designated in writing to Administrative Agent by
Company.

     2.3. Swing Line Loans.

          (a) Swing Line Loans Commitments. During the Revolving Commitment Period, subject to
the terms and conditions hereof, Swing Line Lender hereby agrees to make Swing Line Loans to
Company in the aggregate amount up to but not exceeding the Swing Line Sublimit; provided,
that after giving effect to the making of any Swing Line Loan, in no event shall the Total
Utilization of Revolving Commitments exceed the Revolving Commitments then in effect. Amounts
borrowed pursuant to this Section 2.3 may be repaid and reborrowed during the Revolving Commitment
Period. Swing Line Lender’s Revolving Commitment shall expire on the Revolving Commitment
Termination Date and all Swing Line Loans and all other amounts owed hereunder with respect to the
Swing Line Loans and the Revolving Commitments shall be paid in full no later than such date.

          (b) Borrowing Mechanics for Swing Line Loans.

               (i) Swing Line Loans shall be made in an aggregate minimum amount of $50,000 and
integral multiples of $25,000 in excess of that amount.

               (ii) Whenever Company desires that Swing Line Lender make a Swing Line Loan, Company
shall deliver to Administrative Agent a Funding Notice no later than 12:00 p.m. (New York
City time) on the proposed Credit Date.

               (iii) Swing Line Lender shall make the amount of its Swing Line Loan available to
Administrative Agent not later than 2:00 p.m.(New York City time) on the applicable Credit
Date by wire transfer of same day funds in Dollars, at Administrative Agent’s Principal
Office. Except as provided herein, upon satisfaction or waiver of the conditions precedent
specified herein, Administrative Agent shall make the proceeds of such Swing Line Loans
available to Company on the applicable Credit Date by causing an amount of same day funds in
Dollars equal to the proceeds of all such Swing Line Loans received by Administrative Agent
from Swing Line Lender to be credited to the account of Company at Administrative Agent’s
Principal Office, or to such other account as may be designated in writing to Administrative
Agent by Company.

               (iv) With respect to any Swing Line Loans which have not been voluntarily prepaid by
Company pursuant to Section 2.13, Swing Line Lender may at any time in its sole and absolute
discretion, deliver to Administrative Agent (with a copy to Company), no later than 11:00
a.m. (New York City time) at least one Business Day in advance of the proposed Credit Date,
a notice (which shall be deemed to be a Funding Notice given by Company) requesting that
each Lender holding a Revolving Commitment make Revolving Loans that are Index Rate Loans to
Company on such

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Credit Date in an amount equal to the amount of such Swing Line Loans (the
“Refunded Swing Line Loans”) outstanding on the date such notice is given which Swing Line
Lender requests Lenders to prepay. Anything contained in this Agreement to the contrary
notwithstanding, (1) the proceeds of such Revolving Loans made by the Lenders other than
Swing Line Lender shall be immediately delivered by Administrative Agent to Swing Line
Lender (and not to Company) and applied to repay a corresponding portion of the Refunded
Swing Line Loans and (2) on the day such Revolving Loans are made, Swing Line Lender’s Pro
Rata Share of the Refunded Swing Line Loans shall be deemed to be paid with the proceeds of
a Revolving Loan made by Swing Line Lender to Company, and such portion of the Swing Line
Loans deemed to be so paid shall no longer be outstanding as Swing Line Loans and shall no
longer be due under the Swing Line Note of Swing Line Lender but shall instead constitute
part of Swing Line Lender’s outstanding Revolving Loans to Company and shall be due under
the Revolving Loan Note issued by Company to Swing Line Lender. Company hereby authorizes
Administrative Agent and Swing Line Lender to charge Company’s accounts with Administrative
Agent and Swing Line Lender (up to the amount available in each such account) in order to
immediately pay Swing Line Lender the amount of the Refunded Swing Line Loans to the extent
of the proceeds of such Revolving Loans made by Lenders, including the Revolving Loans
deemed to be made by Swing Line Lender, are not sufficient to repay in full the Refunded
Swing Line Loans. If any portion of any such amount paid (or deemed to be paid) to Swing
Line Lender should be recovered by or on behalf of Company from Swing Line Lender in
bankruptcy, by assignment for the benefit of creditors or otherwise, the loss of the amount
so recovered shall be ratably shared among all Lenders in the manner contemplated by Section
2.17.

               (v) If for any reason Revolving Loans are not made pursuant to Section 2.3(b)(iv) in an
amount sufficient to repay any amounts owed to Swing Line Lender in respect of any
outstanding Swing Line Loans on or before the third Business Day after demand for payment
thereof by Swing Line Lender, each Lender holding a Revolving Commitment shall be deemed to,
and hereby agrees to, have purchased a participation in such outstanding Swing Line Loans,
and in an amount equal to its Pro Rata Share of the applicable unpaid amount together with
accrued interest thereon. Upon one Business Day’s notice from Swing Line Lender, each
Lender holding a Revolving Commitment shall deliver to Swing Line Lender an amount equal to
its respective participation in the applicable unpaid amount in same day funds at the
Principal Office of Swing Line Lender. In order to evidence such participation each Lender
holding a Revolving Commitment agrees to enter into a participation agreement at the request
of Swing Line Lender in form and substance reasonably satisfactory to Swing Line Lender. In
the event any Lender holding a Revolving Commitment fails to make available to Swing Line
Lender the amount of such Lender’s participation as provided in this paragraph, Swing
Line Lender shall be entitled to recover such amount on demand from such Lender together
with interest thereon for three Business Days at the rate customarily used by Swing Line
Lender for the correction of errors among banks and thereafter at the Index Rate.

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               (vi) Notwithstanding anything contained herein to the contrary, (1) each Lender’s
obligation to make Revolving Loans for the purpose of repaying any Refunded Swing Line Loans
pursuant to the second preceding paragraph and each Lender’s obligation to purchase a
participation in any unpaid Swing Line Loans pursuant to the immediately preceding paragraph
shall be absolute and unconditional and shall not be affected by any circumstance, including
without limitation (A) any set-off, counterclaim, recoupment, defense or other right which
such Lender may have against Swing Line Lender, any Credit Party or any other Person for any
reason whatsoever; (B) the occurrence or continuation of a Default or Event of Default; (C)
any adverse change in the business, operations, properties, assets, condition (financial or
otherwise) or prospects of any Credit Party; (D) any breach of this Agreement or any other
Credit Document by any party thereto; or (E) any other circumstance, happening or event
whatsoever, whether or not similar to any of the foregoing; provided that such
obligations of each Lender are subject to the condition that Swing Line Lender believed in
good faith that all conditions under Section 3.2 to the making of the applicable Refunded
Swing Line Loans or other unpaid Swing Line Loans, were satisfied at the time such Refunded
Swing Line Loans or unpaid Swing Line Loans were made, or the satisfaction of any such
condition not satisfied had been waived by the Requisite Lenders prior to or at the time
such Refunded Swing Line Loans or other unpaid Swing Line Loans were made; and (2) Swing
Line Lender shall not be obligated to make any Swing Line Loans (A) if it has elected not to
do so after the occurrence and during the continuation of a Default or Event of Default or
(B) at a time when a Funding Default exists unless Swing Line Lender has entered into
arrangements satisfactory to it and Company to eliminate Swing Line Lender’s risk with
respect to the Defaulting Lender’s participation in such Swing Ling Loan, including by cash
collateralizing such Defaulting Lender’s Pro Rata Share of the outstanding Swing Line Loans.

     2.4. Issuance of Letters of Credit and Purchase of Participations Therein.

          (a) Letters of Credit. During the Revolving Commitment Period, subject to the terms
and conditions hereof, Issuing Bank agrees to issue Letters of Credit for the account of Company
in the aggregate amount up to but not exceeding the Letter of Credit Sublimit; provided,
(i) each Letter of Credit shall be denominated in Dollars; (ii) the stated amount of each Letter of
Credit shall be an amount acceptable to Issuing Bank; (iii) after giving effect to such issuance,
in no event shall the Total Utilization of Revolving Commitments exceed the Revolving Commitments
then in effect; (iv) after giving effect to such issuance, in no event shall the Letter of Credit
Usage exceed the Letter of Credit Sublimit then in effect; (v) in no event shall any standby Letter
of Credit have an expiration date later than the earlier of (1) the thirtieth
(30th) day prior to the date set forth in clause (ii) of the definition of
“Revolving Commitment Termination Date” and (2) the date which is one year from the date of
issuance of such standby Letter of Credit; and (vi) in no event shall any commercial Letter of
Credit (x) have an expiration date later than the earlier of (1) the thirtieth (30th)
day prior to the date set forth in clause (ii) of the definition of the Revolving Commitment
Termination Date and (2) the date which is 180 days from the date of issuance of such commercial
Letter of Credit or (b) be issued if such commercial Letter of Credit is otherwise unacceptable to
Issuing Bank in its reasonable discretion. Subject to the foregoing, Issuing Bank may agree that a
standby Letter of Credit will

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automatically be extended for one or more successive periods not to
exceed one year each, unless Issuing Bank elects not to extend for any such additional period;
provided, Issuing Bank shall not extend any such Letter of Credit if it has received
written notice that an Event of Default has occurred and is continuing at the time Issuing Bank
must elect to allow such extension; provided, further, in the event a Funding
Default exists, Issuing Bank shall not be required to issue any Letter of Credit unless Issuing
Bank has entered into arrangements satisfactory to it and Company to eliminate Issuing Bank’s risk
with respect to the participation in Letters of Credit of the Defaulting Lender, including by cash
collateralizing such Defaulting Lender’s Pro Rata Share of the Letter of Credit Usage.

          (b) Notice of Issuance. Whenever Company desires the issuance of a Letter of Credit,
it shall deliver to Administrative Agent an Issuance Notice no later than 12:00 p.m. (New York City
time) at least three Business Days (in the case of standby letters of credit) or five Business Days
(in the case of commercial letters of credit), or in each case such shorter period as may be agreed
to by Issuing Bank in any particular instance, in advance of the proposed date of issuance. Each
such Issuance Notice shall be accompanied by the form of the Letter of Credit and an application
for a Letter of Credit, if any, then required by the Issuing Bank, completed in a manner
satisfactory to such Issuing Bank. Upon satisfaction or waiver of the conditions set forth in
Section 3.2, Issuing Bank shall issue the requested Letter of Credit only in accordance with
Issuing Bank’s standard operating procedures. Upon the issuance of any Letter of Credit or
amendment or modification to a Letter of Credit, Issuing Bank shall promptly notify each Lender of
such issuance, which notice shall be accompanied by a copy of such Letter of Credit or amendment or
modification to a Letter of Credit and the amount of such Lender’s respective participation in
such Letter of Credit pursuant to Section 2.4(e).

          (c) Responsibility of Issuing Bank With Respect to Requests for Drawings and Payments.
In determining whether to honor any drawing under any Letter of Credit by the beneficiary thereof,
Issuing Bank shall be responsible only to examine the documents delivered under such Letter of
Credit with reasonable care so as to ascertain whether they appear on their face to be in
accordance with the terms and conditions of such Letter of Credit. As between Company and Issuing
Bank, Company assumes all risks of the acts and omissions of, or misuse of the Letters of Credit
issued by Issuing Bank, by the respective beneficiaries of such Letters of Credit. In furtherance
and not in limitation of the foregoing, Issuing Bank shall not be responsible for: (i) the form,
validity, sufficiency, accuracy, genuineness or legal effect of any document submitted by any party
in connection with the application for and issuance of any such Letter of Credit, even if it should
in fact prove to be in any or all respects invalid, insufficient, inaccurate, fraudulent or forged;
(ii) the validity or sufficiency of any instrument transferring or assigning or purporting to
transfer or assign any such Letter of Credit or the rights or benefits
thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or
ineffective for any reason; (iii) failure of the beneficiary of any such Letter of Credit to comply
fully with any conditions required in order to draw upon such Letter of Credit; (iv) 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; (v) errors in interpretation of
technical terms; (vi) any loss or delay in the transmission or otherwise of any document required
in order to make a drawing under any such Letter of Credit or of the proceeds thereof; (vii) the
misapplication by the beneficiary of any such Letter of Credit of the proceeds of any drawing

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under
such Letter of Credit; or (viii) any consequences arising from causes beyond the control of Issuing
Bank, including any Governmental Acts; none of the above shall affect or impair, or prevent the
vesting of, any of Issuing Bank’s rights or powers hereunder. Without limiting the foregoing and
in furtherance thereof, any action taken or omitted by Issuing Bank under or in connection with the
Letters of Credit or any documents and certificates delivered thereunder, if taken or omitted in
good faith, shall not give rise to any liability on the part of Issuing Bank to Company.
Notwithstanding anything to the contrary contained in this Section 2.4(c), Company shall retain any
and all rights it may have against Issuing Bank for any liability arising solely out of the gross
negligence or willful misconduct of Issuing Bank.

          (d) Reimbursement by Company of Amounts Drawn or Paid Under Letters of Credit. In the
event Issuing Bank has determined to honor a drawing under a Letter of Credit, it shall immediately
notify Company and Administrative Agent, and Company shall reimburse Issuing Bank on or before the
Business Day immediately following the date on which such drawing is honored (the “Reimbursement
Date”) in an amount in Dollars and in same day funds equal to the amount of such honored drawing;
provided, anything contained herein to the contrary notwithstanding, (i) unless Company
shall have notified Administrative Agent and Issuing Bank prior to 10:00 a.m. (New York City time)
on the date such drawing is honored that Company intends to reimburse Issuing Bank for the amount
of such honored drawing with funds other than the proceeds of Revolving Loans, Company shall be
deemed to have given a timely Funding Notice to Administrative Agent requesting Lenders to make
Revolving Loans that are Index Rate Loans on the Reimbursement Date in an amount in Dollars equal
to the amount of such honored drawing, and (ii) subject to satisfaction or waiver of the conditions
specified in Section 3.2, Lenders shall, on the Reimbursement Date, make Revolving Loans that are
Index Rate Loans in the amount of such honored drawing, the proceeds of which shall be applied
directly by Administrative Agent to reimburse Issuing Bank for the amount of such honored drawing;
and provided further, if for any reason proceeds of Revolving Loans are not
received by Issuing Bank on the Reimbursement Date in an amount equal to the amount of such honored
drawing, Company shall reimburse Issuing Bank, on demand, in an amount in same day funds equal to
the excess of the amount of such honored drawing over the aggregate amount of such Revolving Loans,
if any, which are so received. Nothing in this Section 2.4(d) shall be deemed to relieve any
Lender from its obligation to make Revolving Loans on the terms and conditions set forth herein,
and Company shall retain any and all rights it may have against any Lender resulting from the
failure of such Lender to make such Revolving Loans under this Section 2.4(d).

          (e) Lenders’ Purchase of Participations in Letters of Credit. Immediately upon the
issuance of each Letter of Credit, each Lender having a Revolving Commitment shall be
deemed to have purchased, and hereby agrees to irrevocably purchase, from Issuing Bank a
participation in such Letter of Credit and any drawings honored thereunder in an amount equal to
such Lender’s Pro Rata Share (with respect to the Revolving Commitments) of the maximum amount
which is or at any time may become available to be drawn thereunder. In the event that Company
shall fail for any reason to reimburse Issuing Bank as provided in Section 2.4(d), Issuing Bank
shall promptly notify each Lender of the unreimbursed amount of such honored drawing and of such
Lender’s respective participation therein based on such Lender’s Pro Rata Share of the Revolving
Commitments. Each Lender shall make available to Issuing Bank an

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amount equal to its respective
participation, in Dollars and in same day funds, at the office of Issuing Bank specified in such
notice, not later than 12:00 p.m. (New York City time) on the first business day (under the laws of
the jurisdiction in which such office of Issuing Bank is located) after the date notified by
Issuing Bank. In the event that any Lender fails to make available to Issuing Bank on such
business day the amount of such Lender’s participation in such Letter of Credit as provided in this
Section 2.4(e), Issuing Bank shall be entitled to recover such amount on demand from such Lender
together with interest thereon for three Business Days at the rate customarily used by Issuing Bank
for the correction of errors among banks and thereafter at the Index Rate. Nothing in this Section
2.4(e) shall be deemed to prejudice the right of any Lender to recover from Issuing Bank any
amounts made available by such Lender to Issuing Bank pursuant to this Section in the event that it
is determined that the payment with respect to a Letter of Credit in respect of which payment was
made by such Lender constituted gross negligence or willful misconduct on the part of Issuing Bank.
In the event Issuing Bank shall have been reimbursed by other Lenders pursuant to this Section
2.4(e) for all or any portion of any drawing honored by Issuing Bank under a Letter of Credit, such
Issuing Bank shall distribute to each Lender which has paid all amounts payable by it under this
Section 2.4(e) with respect to such honored drawing such Lender’s Pro Rata Share of all payments
subsequently received by Issuing Bank from Company in reimbursement of such honored drawing when
such payments are received. Any such distribution shall be made to a Lender at its primary address
set forth below its name on Appendix B or at such other address as such Lender may request.

          (f) Obligations Absolute. The obligation of Company to reimburse Issuing Bank for
drawings honored under the Letters of Credit issued by it and to repay any Revolving Loans made by
Lenders pursuant to Section 2.4(d) and the obligations of Lenders under Section 2.4(e) shall be
unconditional and irrevocable and shall be paid strictly in accordance with the terms hereof under
all circumstances including any of the following circumstances: (i) any lack of validity or
enforceability of any Letter of Credit; (ii) the existence of any claim, set-off, defense or other
right which Company or any Lender may have at any time against a beneficiary or any transferee of
any Letter of Credit (or any Persons for whom any such transferee may be acting), Issuing Bank,
Lender or any other Person or, in the case of a Lender, against Company, whether in connection
herewith, the transactions contemplated herein or any unrelated transaction (including any
underlying transaction between Company or one of its Subsidiaries and the beneficiary for which any
Letter of Credit was procured); (iii) any draft 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; (iv) payment by Issuing Bank under any Letter of
Credit against presentation of a draft or other document which does not substantially comply with
the terms of such Letter of Credit; (v) any adverse change in the business, operations, properties,
assets, condition (financial or otherwise) or prospects of
Holdings or any of its Subsidiaries; (vi) any breach hereof or any other Credit Document by
any party thereto; (vii) any other circumstance or happening whatsoever, whether or not similar to
any of the foregoing; or (viii) the fact that an Event of Default or a Default shall have occurred
and be continuing; provided, in each case, that payment by Issuing Bank under the
applicable Letter of Credit shall not have constituted gross negligence or willful misconduct of
Issuing Bank under the circumstances in question.

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          (g) Indemnification. Without duplication of any obligation of Company under Section
10.2 or 10.3, in addition to amounts payable as provided herein, Company hereby agrees to protect,
indemnify, pay and save harmless Issuing Bank from and against any and all claims, demands,
liabilities, damages, losses, costs, charges and expenses (including reasonable fees, expenses and
disbursements of counsel and allocated costs of internal counsel) which Issuing Bank may incur or
be subject to as a consequence, direct or indirect, of (i) the issuance of any Letter of Credit by
Issuing Bank, other than as a result of (1) the gross negligence or willful misconduct of Issuing
Bank or (2) the wrongful dishonor by Issuing Bank of a proper demand for payment made under any
Letter of Credit issued by it, or (ii) the failure of Issuing Bank to honor a drawing under any
such Letter of Credit as a result of any Governmental Act.

     2.5. Pro Rata Shares; Availability of Funds.

          (a) Pro Rata Shares. All Loans shall be made, and all participations purchased, by
Lenders simultaneously and proportionately to their respective Pro Rata Shares, it being understood
that no Lender shall be responsible for any default by any other Lender in such other Lender’s
obligation to make a Loan requested hereunder or purchase a participation required hereby nor shall
any Term Loan Commitment or any Revolving Commitment of any Lender be increased or decreased as a
result of a default by any other Lender in such other Lender’s obligation to make a Loan requested
hereunder or purchase a participation required hereby.

          (b) Availability of Funds. Unless Administrative Agent shall have been notified by
any Lender prior to the applicable Credit Date that such Lender does not intend to make available
to Administrative Agent the amount of such Lender’s Loan requested on such Credit Date,
Administrative Agent may assume that such Lender has made such amount available to Administrative
Agent on such Credit Date and Administrative Agent may, in its sole discretion, but shall not be
obligated to, make available to Company a corresponding amount on such Credit Date. If such
corresponding amount is not in fact made available to Administrative Agent by such Lender,
Administrative Agent shall be entitled to recover such corresponding amount on demand from such
Lender together with interest thereon, for each day from such Credit Date until the date such
amount is paid to Administrative Agent, at the customary rate set by Administrative Agent for the
correction of errors among banks for three Business Days and thereafter at the Index Rate. If such
Lender does not pay such corresponding amount forthwith upon Administrative Agent’s demand
therefore, Administrative Agent shall promptly notify Company and Company shall immediately pay
such corresponding amount to Administrative Agent together with interest thereon, for each day from
such Credit Date until the date such amount is paid to Administrative Agent, at the rate payable
hereunder for Index Rate Loans for
such Class of Loans. Nothing in this Section 2.5(b) shall be deemed to relieve any Lender
from its obligation to fulfill its Term Loan Commitments and Revolving Commitments hereunder or to
prejudice any rights that Company may have against any Lender as a result of any default by such
Lender hereunder.

     2.6. Use of Proceeds. The amount of outstanding Tranche C Term Loans shall be allocated to
each Lender in accordance with each Lender’s Tranche C Term Loan Commitment. The proceeds of the
Revolving Loans, Swing Line Loans, Letters of Credit and New Term Loans shall be applied by Company
for working capital, Permitted Acquisitions and general corporate

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purposes of Holdings and its
Subsidiaries; provided, however, that in no event will the proceeds of Revolving
Loans or New Term Loans be used for the purposes of repurchasing Loans as permitted under Section
2.13(c) hereof. No portion of the proceeds of any Credit Extension shall be used in any manner to
purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or
carrying any Margin Stock or for any purpose that causes or might cause such Credit Extension or
the application of such proceeds to violate Regulation T, Regulation U or Regulation X of the Board
of Governors of the Federal Reserve System or any other regulation thereof or to violate the
Exchange Act.

     2.7. Evidence of Debt; Register; Lenders’ Books and Records; Notes.

          (a) Lenders’ Evidence of Debt. Each Lender shall maintain on its internal records an
account or accounts evidencing the Obligations of Company to such Lender, including the amounts of
the Loans made by it and each repayment and prepayment in respect thereof. Any such recordation
shall be conclusive and binding on Company, absent demonstrable error; provided, that the
failure to make any such recordation, or any error in such recordation, shall not affect any
Lender’s Revolving Commitments or Company’s Obligations in respect of any applicable Loans; and
provided further, in the event of any inconsistency between the Register and any
Lender’s records, the recordation in the Register shall govern.

          (b) Register. Administrative Agent shall maintain at its Principal Office a register
for the recordation of the names and addresses of Lenders and the Revolving Commitments and Loans
of each Lender from time to time (the “Register”). The Register shall be available for inspection
by Company or any Lender at any reasonable time and from time to time upon reasonable prior notice.
Administrative Agent shall record in the Register the Revolving Commitments and the Loans, and
each repayment or prepayment in respect of the principal amount of the Loans, and any such
recordation shall be conclusive and binding on Company and each Lender, absent demonstrable error;
provided, failure to make any such recordation, or any error in such recordation, shall not
affect any Lender’s Revolving Commitments or Company’s Obligations in respect of any Loan. Company
hereby designates GECC to serve as Company’s agent solely for purposes of maintaining the Register
as provided in this Section 2.7, and Company hereby agrees that, to the extent GECC serves in such
capacity, GECC and its officers, directors, employees, agents and affiliates shall constitute
“Indemnitees.”
Administrative Agent shall render to Company a monthly accounting of transactions with respect
to the Loans setting forth the balance of the Loans for the immediately preceding month. Unless
Company notifies Administrative Agent in writing of any objection to any such accounting
(specifically describing the basis for such objection) within thirty (30) days thereafter, each and
every such accounting shall, absent demonstrable error, be deemed final, binding and conclusive on
Company in all respects as to all matters reflected therein.

          (c) Notes. If so requested by any Lender by written notice to Company (with a copy to
Administrative Agent) at least two Business Days prior to the Effective Date, or at any time
thereafter, Company shall execute and deliver to such Lender (and/or, if applicable and if so
specified in such notice, to any Person who is an assignee of such Lender pursuant to Section 10.6)
on the Effective Date (or, if such notice is delivered after the Effective Date, promptly after

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Company’s receipt of such notice) a Note or Notes to evidence such Lender’s Tranche C Term Loan,
Revolving Loan, Swing Line Loan or New Term Loan, as the case may be.

     2.8. Interest on Loans.

          (a) Except as otherwise set forth herein, each Class of Loan shall bear interest on the unpaid
principal amount thereof from the date made through repayment (whether by acceleration or
otherwise) thereof as follows:

               (i) in the case of Revolving Loans:

               (1) if an Index Rate Loan, at the Index Rate plus the
Applicable Margin; or

               (2) if a Eurodollar Rate Loan, at the Adjusted Eurodollar Rate
plus the Applicable Margin;

               (ii) in the case of Swing Line Loans, at the Index Rate plus the Applicable Margin; and

               (iii) in the case of Tranche C Term Loans:

               (1) if an Index Rate Loan, at the Index Rate plus 0.75%
per annum; or

               (2) if a Eurodollar Rate Loan, at the Adjusted Eurodollar Rate
plus 1.75% per annum.

          (b) The basis for determining the rate of interest with respect to any Loan (except a Swing
Line Loan which can be made and maintained as Index Rate Loans only), and the Interest Period with
respect to any Eurodollar Rate Loan, shall be selected by Company and notified to Administrative
Agent and Lenders pursuant to the applicable Funding Notice or Conversion/Continuation Notice, as
the case may be; provided, until the date that Syndication
Agent notifies Company that the primary syndication of the Loans and Revolving Commitments has
been completed, as determined by Syndication Agent, the Term Loans shall be maintained as either
(1) Eurodollar Rate Loans having an Interest Period of no longer than one month or (2) Index Rate
Loans. If on any day a Loan is outstanding with respect to which a Funding Notice or
Conversion/Continuation Notice has not been delivered to Administrative Agent in accordance with
the terms hereof specifying the applicable basis for determining the rate of interest, then for
that day such Loan shall be an Index Rate Loan.

          (c) In connection with Eurodollar Rate Loans there shall be no more than eight (8) Interest
Periods outstanding at any time. In the event Company fails to specify between an Index Rate Loan
or a Eurodollar Rate Loan in the applicable Funding Notice or Conversion/Continuation Notice, such
Loan (if outstanding as a Eurodollar Rate Loan) will be automatically converted into an Index Rate
Loan on the last day of the then-current Interest Period for such Loan (or if outstanding as an
Index Rate Loan will remain as, or (if not then

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outstanding) will be made as, an Index Rate Loan).
In the event Company fails to specify an Interest Period for any Eurodollar Rate Loan in the
applicable Funding Notice or Conversion/Continuation Notice, Company shall be deemed to have
selected an Interest Period of one month. As soon as practicable after 10:00 a.m. (New York City
time) on each Interest Rate Determination Date, Administrative Agent shall determine (which
determination shall, absent demonstrable error, be final, conclusive and binding upon all parties)
the interest rate that shall apply to the Eurodollar Rate Loans for which an interest rate is then
being determined for the applicable Interest Period and shall promptly give notice thereof (in
writing or by telephone confirmed in writing) to Company and each Lender.

          (d) Interest payable pursuant to Section 2.8(a) shall be computed on the basis of a 360-day
year, in each case for the actual number of days elapsed in the period during which it accrues. In
computing interest on any Loan, the date of the making of such Loan or the first day of an Interest
Period applicable to such Loan or, with respect to an Index Rate Loan being converted from a
Eurodollar Rate Loan, the date of conversion of such Eurodollar Rate Loan to such Index Rate Loan,
as the case may be, shall be included, and the date of payment of such Loan or the expiration date
of an Interest Period applicable to such Loan or, with respect to an Index Rate Loan being
converted to a Eurodollar Rate Loan, the date of conversion of such Index Rate Loan to such
Eurodollar Rate Loan, as the case may be, shall be excluded; provided, if a Loan is repaid
on the same day on which it is made, one day’s interest shall be paid on that Loan.

          (e) Except as otherwise set forth herein, interest on each Loan shall be payable in arrears on
and to (i) each Interest Payment Date applicable to that Loan; (ii) upon any prepayment of that
Loan, whether voluntary or mandatory, to the extent accrued on the amount being prepaid; and (iii)
at maturity, including final maturity; provided, however, with respect to any voluntary
prepayment of an Index Rate Loan, accrued interest shall instead be payable on the applicable
Interest Payment Date.

          (f) Company agrees to pay to Issuing Bank, with respect to drawings honored under any Letter
of Credit, interest on the amount paid by Issuing Bank in respect of each such honored drawing from
the date such drawing is honored to but excluding the date such amount is
reimbursed by or on behalf of Company at a rate equal to (i) for the period from the date such
drawing is honored to but excluding the applicable Reimbursement Date, the rate of interest
otherwise payable hereunder with respect to Revolving Loans that are Index Rate Loans, and (ii)
thereafter, a rate which is 2% per annum in excess of the rate of interest otherwise payable
hereunder with respect to Revolving Loans that are Index Rate Loans.

          (g) Interest payable pursuant to Section 2.8(f) shall be computed on the basis of a 360-day
year, in each case for the actual number of days elapsed in the period during which it accrues, and
shall be payable on demand or, if no demand is made, on the date on which the related drawing under
a Letter of Credit is reimbursed in full. Promptly upon receipt by Issuing Bank of any payment of
interest pursuant to Section 2.8(f), Issuing Bank shall distribute to each Lender, out of the
interest received by Issuing Bank in respect of the period from the date such drawing is honored to
but excluding the date on which Issuing Bank is reimbursed for the amount of such drawing
(including any such reimbursement out of the proceeds of any

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Revolving Loans), the amount that such
Lender would have been entitled to receive in respect of the letter of credit fee that would have
been payable in respect of such Letter of Credit for such period if no drawing had been honored
under such Letter of Credit. In the event Issuing Bank shall have been reimbursed by Lenders for
all or any portion of such honored drawing, Issuing Bank shall distribute to each Lender which has
paid all amounts payable by it under Section 2.4(e) with respect to such honored drawing such
Lender’s Pro Rata Share of any interest received by Issuing Bank in respect of that portion of such
honored drawing so reimbursed by Lenders for the period from the date on which Issuing Bank was so
reimbursed by Lenders to but excluding the date on which such portion of such honored drawing is
reimbursed by Company.

     2.9. Conversion/Continuation.

          (a) Subject to Section 2.18 and so long as no Default or Event of Default shall have occurred
and then be continuing, Company shall have the option:

               (i) to convert at any time all or any part of any Term Loan or Revolving Loan equal to
$1,000,000 and integral multiples of $250,000 in excess of that amount from one Type of Loan
to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on
the expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Company
shall pay all amounts due under Section 2.18 in connection with any such conversion; or

               (ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan,
to continue all or any portion of such Loan equal to $1,000,000 and integral multiples of
$250,000 in excess of that amount as a Eurodollar Rate Loan.

          (b) Company shall deliver a Conversion/Continuation Notice to Administrative Agent no later
than 10:00 a.m. (New York City time) at least one Business Day in advance of the proposed
conversion date (in the case of a conversion to an Index Rate Loan) and at least three Business
Days in advance of the proposed conversion/continuation date (in the case of a
conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided
herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate
Loans (or telephonic notice in lieu thereof) shall be irrevocable on and after the related Interest
Rate Determination Date, and Company shall be bound to effect a conversion or continuation in
accordance therewith.

     2.10. Default Interest. Upon the occurrence and during the continuance of an Event of
Default, the principal amount of all Loans outstanding and, to the extent permitted by applicable
law, any interest payments on the Loans or any fees or other amounts owed hereunder not paid when
due, shall thereafter bear interest (including post-petition interest in any proceeding under the
Bankruptcy Code or other applicable bankruptcy laws) payable on demand at a rate that is 2% per
annum in excess of the interest rate otherwise payable hereunder with respect to the applicable
Loans (or, in the case of any such fees and other amounts, at a rate which is 2% per annum in
excess of the interest rate otherwise payable hereunder for Index Rate Loans); provided, in
the case of Eurodollar Rate Loans, upon the expiration of the Interest Period in effect at the time
any such increase in interest rate is effective such Eurodollar Rate Loans shall

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thereupon become
Index Rate Loans and shall thereafter bear interest payable upon demand at a rate which is 2% per
annum in excess of the interest rate otherwise payable hereunder for Index Rate Loans. Payment or
acceptance of the increased rates of interest provided for in this Section 2.10 is not a permitted
alternative to timely payment and shall not constitute a waiver of any Event of Default or
otherwise prejudice or limit any rights or remedies of Administrative Agent or any Lender.

     2.11. Fees.

          (a) Company agrees to pay to Lenders having Revolving Exposure:

               (i) commitment fees equal to (1) the average of the daily difference between (a) the
Revolving Commitments, and (b) the sum of (x) the aggregate principal amount of outstanding
Revolving Loans (but not any outstanding Swing Line Loans) plus (y) the Letter of Credit
Usage, times (2) 0.50%; and

               (ii) letter of credit fees equal to (1) the Applicable Margin for Revolving Loans that
are Eurodollar Rate Loans, times (2) the average aggregate daily maximum amount available to
be drawn under all such Letters of Credit (regardless of whether any conditions for drawing
could then be met and determined as of the close of business on any date of determination).

All fees referred to in this Section 2.11(a) shall be paid to Administrative Agent at its Principal
Office and upon receipt, Administrative Agent shall promptly distribute to each Lender its Pro Rata
Share thereof.

          (b) Company agrees to pay directly to Issuing Bank, for its own account, the following fees:

               (i) a fronting fee equal to 0.25%, per annum, times the average aggregate daily amount
available to be drawn under all Letters of Credit (determined as of the close of business on
any date of determination); and

               (ii) such documentary and processing charges for any issuance, amendment, transfer or
payment of a Letter of Credit as are in accordance with Issuing Bank’s standard schedule for
such charges and as in effect at the time of such issuance, amendment, transfer or payment,
as the case may be.

          (c) All fees referred to in Section 2.11(a) and 2.11(b)(i) shall be calculated on the basis of
a 360-day year and the actual number of days elapsed and shall be payable quarterly in arrears on
March 31, June 30, September 30 and December 31 of each year during the Revolving Commitment
Period, commencing on the first such date to occur after the Effective Date, and on the Revolving
Commitment Termination Date.

          (d) In addition to any of the foregoing fees, Company agrees to pay to Agents such other fees
in the amounts and at the times separately agreed upon.

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     2.12. Scheduled Payments/Commitment Reductions.

          (a) Scheduled Installments. The principal amounts of the Tranche C Term Loans shall
be repaid in consecutive quarterly installments (each, an
“Installment”) in the aggregate amounts
set forth below on the last day of each Fiscal Quarter commencing June 30, 2005:

	 	 	 	 	 
	 	 	Tranche C Term	 
	Fiscal Quarter	 	Loan Installments	 
	June 30, 2005
	 	$	193,875	 
	September 30, 2005
	 	$	193,875	 
	December 31, 2005
	 	$	193,875	 
	March 31, 2006
	 	$	193,875	 
	June 30, 2006
	 	$	193,875	 
	September 30, 2006
	 	$	193,875	 
	December 31, 2006
	 	$	193,875	 
	March 31, 2007
	 	$	193,875	 
	June 30, 2007
	 	$	193,875	 
	September 30, 2007
	 	$	193,875	 
	December 31, 2007
	 	$	193,875	 
	March 31, 2008
	 	$	193,875	 
	June 30, 2008
	 	$	193,875	 
	September 30, 2008
	 	$	18,757,406	 
	December 31, 2008
	 	$	18,757,406	 
	March 31, 2009
	 	$	18,757,406	 
	June 15, 2009
	 	$	18,757,407	 

; provided, in the event any New Term Loans are made, such New Term Loans shall be repaid
on each Installment Date occurring on or after the applicable Increased Amount Date in an amount
equal to (i) the aggregate principal amount of New Term Loans, times (ii) the ratio (expressed as a
percentage) of (y) the amount of all other Term Loans being repaid on such Installment Date and (z)
the total aggregate principal amount of all other Term Loans outstanding on such Increased Amount
Date.

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Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any
voluntary or mandatory prepayments of the Tranche C Term Loans, as the case may be, in accordance
with Sections 2.13, 2.14 and 2.15, as applicable; and (y) Tranche C Term Loans, together with all
other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later
than the Tranche C Term Loan Maturity Date.

          (b) Scheduled Reductions. The Revolving Commitments shall be permanently reduced to
zero on the fifth anniversary of the Closing Date

     2.13. Voluntary Prepayments/Commitment Reductions.

          (a) Voluntary Prepayments.

               (i) Any time and from time to time:

               (1) with respect to Index Rate Loans, Company may prepay,
without premium or penalty, any such Loans on any Business Day in
whole or in part, in an aggregate minimum amount of $500,000 and
integral multiples of $100,000 in excess of that amount;

               (2) with respect to Eurodollar Rate Loans, Company may prepay,
without premium or penalty (except as may be required pursuant to
Section 2.18(c)), any such Loans on any
Business Day in whole or in part in an aggregate minimum amount
of $1,000,000 and integral multiples of $250,000 in excess of that
amount; and

               (3) with respect to Swing Line Loans, Company may prepay,
without premium or penalty, any such Loans on any Business Day in
whole or in part in an aggregate minimum amount of $50,000, and in
integral multiples of $25,000 in excess of that amount.

               (ii) All such prepayments shall be made:

               (1) upon not less than one Business Day’s prior written or
telephonic notice in the case of Index Rate Loans;

               (2) upon not less than three Business Days’ prior written or
telephonic notice in the case of Eurodollar Rate Loans; and

               (3) upon written or telephonic notice on the date of
prepayment, in the case of Swing Line Loans;

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in each case given to Administrative Agent or Swing Line Lender, as the case may be, by 12:00 p.m.
(New York City time) on the date required and, if given by telephone, promptly confirmed in writing
to Administrative Agent (and Administrative Agent will promptly transmit such telephonic or
original notice for Term Loans or Revolving Loans, as the case may be, by telefacsimile or
telephone to each Lender) or Swing Line Lender, as the case may be. Upon the giving of any such
notice, the principal amount of the Loans specified in such notice shall become due and payable on
the prepayment date specified therein. Any such voluntary prepayment shall be applied as specified
in Section 2.15(a).

          (b) Voluntary Commitment Reductions.

               (i) Company may, upon not less than three Business Days’ prior written or telephonic
notice confirmed in writing to Administrative Agent (which original written or telephonic
notice Administrative Agent will promptly transmit by telefacsimile or telephone to each
applicable Lender), at any time and from time to time terminate in whole or permanently
reduce in part, without premium or penalty, the Revolving Commitments in an amount up to the
amount by which the Revolving Commitments exceed the Total Utilization of Revolving
Commitments at the time of such proposed termination or reduction; provided, any
such partial reduction of the Revolving Commitments shall be in an aggregate minimum amount
of $1,000,000 and integral multiples of $250,000 in excess of that amount.

               (ii) Company’s notice to Administrative Agent shall designate the date (which shall be
a Business Day) of such termination or reduction and the amount of any partial reduction,
and such termination or reduction of the Revolving Commitments shall
be effective on the date specified in Company’s notice and shall reduce the Revolving
Commitment of each Lender proportionately to its Pro Rata Share thereof.

          (c) Certain Permitted Term Loan Repurchases.

                    Notwithstanding anything to the contrary contained in this Section 2.13 or any other provision
of this Agreement, so long as (i) there is no Default, (ii) there is no Event of Default and (iii)
no Default or Event of Default would result therefrom, Company may repurchase outstanding Term
Loans on the following basis:

               (i) Company may repurchase all or any portion of the Term Loans of one or more Lenders
pursuant to an Assignment Agreement, between Company and such Lender or Lenders in an
aggregate principal amount not to exceed (y) 10% of the initial aggregate principal amount
of Term Loans with respect to all such repurchases pursuant to this clause (i) and (z)
$10,000,000 in any Fiscal Year; provided that, with respect to such repurchases,
Company shall simultaneously provide a copy of such Assignment Agreement and any other
agreements between Company and such Lender with respect to such repurchase to Administrative
Agent and Syndication Agent;

               (ii)
In addition, Company may make one or more offers (each, an
“Offer”) to repurchase
all or any portion of the Term Loans (such Term Loans, the

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“Offer
Loans”) of Lenders,
provided, (A) Company delivers a notice of such Offer to Administrative Agent and
all Lenders no later than noon (New York City time) at least five Business Days in advance
of a proposed consummation date of such Offer indicating (1) the last date on which such
Offer may be accepted, (2) the maximum dollar amount of the Offer, (3) the repurchase price
per dollar of principal amount of such Offer Loans at which Company is willing to repurchase
the Offer Loans and (4) the instructions, consistent with this Section 2.13(c) with respect
to the Offer (which shall be reasonably acceptable to Company, Administrative Agent and the
Syndication Agent), that a Lender must follow in order to have its Offer Loans repurchased;
(B) the maximum dollar amount of the Offer shall be no less than an aggregate $1,000,000;
(C) Company shall hold the Offer open for a minimum period of two Business Days; (D) a
Lender who elects to participate in the Offer may choose to tender all or part of such
Lender’s Offer Loans; and (E) the Offer shall be made to Lenders holding the Offer Loans on
a pro rata basis in accordance with their Pro Rata Shares; provided, further
that, if any Lender elects not to participate in the Offer, either in whole or in part, the
amount of such Lender’s Offer Loans not being tendered shall be excluded in calculating the
pro rata amount applicable to the balance of such Offer Loans;

               (iii) With respect to all repurchases made by Company pursuant to this Section 2.13(c),
(A) Company shall pay all accrued and unpaid interest, if any, on the repurchased Term Loans
to the date of repurchase of such Term Loans (B) the repurchase of such Term Loans by
Company shall not be taken into account in the calculation of Consolidated Excess Cash Flow,
(C) Company shall have provided to all Lenders all information that, together with any
previously provided information, would satisfy the requirements of Rule 10b-5 of the
Exchange Act with respect to an offer by Company to
repurchase securities registered under the Securities Act of 1933 (whether or not such
securities are outstanding) as if such offer was being made as of the date of such
repurchase of Term Loans from a Lender, (D) such repurchases shall not be deemed to be
voluntary prepayments pursuant to this Section 2.13, Section 2.15 or 2.16 hereunder except
that the amount of the Loans so repurchased shall be applied on a pro rata basis to reduce
the scheduled remaining Installments of principal on such Term Loan and (E) immediately
following consummation of any such repurchase, Company shall provide notice of such
repurchase to Administrative Agent which notice shall include (1) the identity of each
Lender party to such repurchase and the amount of each Term Loan being repurchased, (2) the
accrued interest thereon, (3) the date of repurchase and (4) any other information
Administrative Agent may reasonably request in connection with such repurchase;

               (iv) Following repurchase by Company pursuant to this Section 2.13(c), the Term Loans
so repurchased shall be deemed cancelled for all purposes and no longer outstanding (and may
not be resold by Company), for all purposes of this Agreement and all other Credit
Documents, including, but not limited to (A) the making of, or the application of, any
payments to the Lenders under this Agreement or any other Credit Document, (B) the making of
any request, demand, authorization, direction, notice, consent or waiver under this
Agreement or any other Credit Document or (C) the determination of Requisite Lenders, or
for any similar or related purpose, under this

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Agreement or any other Credit Document. Any
payment made by Company in connection with a repurchase permitted by this Section 2.13(c)
shall not be subject to the provisions of either Section 2.16(a) or Section 2.17. Failure
by Company to make any payment to a Lender required by an agreement permitted by this
Section 2.13(c) shall not constitute an Event of Default under Section 8.1(a); and

Notwithstanding any of the provisions set forth in this Agreement to the contrary, Company, the
Lenders and Agents hereby agree that nothing in this Agreement shall be understood to mean or
suggest that the Term Loans constitute “securities” for purposes of either the Securities Act or
the Exchange Act.

     2.14. Mandatory Prepayments/Commitment Reductions.

          (a) Asset Sales. No later than three (3) Business Days following the date of receipt
by Holdings or any of its Subsidiaries of any Net Asset Sale Proceeds (excluding any Net Asset Sale
Proceeds received in connection with the sale or disposition of inventory or used equipment in the
ordinary course of business), Company shall prepay the Loans and/or the Revolving Commitments shall
be permanently reduced as set forth in Section 2.15(b) in an aggregate amount equal to such Net
Asset Sale Proceeds; provided, (i) so long as no Default or Event of Default shall have
occurred and be continuing, and (ii) to the extent that aggregate Net Asset Sale Proceeds from the
Closing Date through the applicable date of determination do not exceed $5,000,000, Company shall
have the option, directly or through one or more of its Subsidiaries, to invest Net Asset Sale
Proceeds in long-term productive assets of the general type
used in the business of Company and its Subsidiaries that are reinvested or identified for
reinvestment within one hundred eighty days of receipt thereof and subsequently reinvested within
two hundred seventy days of receipt thereof; provided further, pending any such
investment all such Net Asset Sale Proceeds shall be applied to prepay Revolving Loans to the
extent outstanding (without a reduction in Revolving Commitments).

          (b) Insurance/Condemnation Proceeds. No later than three (3) Business Days following
the date of receipt by Holdings or any of its Subsidiaries, or Administrative Agent as loss payee,
of any Net Insurance/Condemnation Proceeds, Company shall prepay the Loans and/or the Revolving
Commitments shall be permanently reduced as set forth in Section 2.15(b) in an aggregate amount
equal to such Net Insurance/Condemnation Proceeds; provided, (i) so long as no Default or
Event of Default shall have occurred and be continuing, and (ii) to the extent that aggregate Net
Insurance/Condemnation Proceeds from the Closing Date through the applicable date of determination
do not exceed $5,000,000, Company shall have the option, directly or through one or more of its
Subsidiaries to invest such Net Insurance/Condemnation Proceeds in long-term productive assets of
the general type used in the business of Company and its Subsidiaries that are reinvested or
identified for reinvestment within one hundred eighty days of receipt thereof and subsequently
reinvested within two hundred seventy days of receipt thereof, which investment may include the
repair, restoration or replacement of the applicable assets thereof; provided
further, pending any such investment all such Net Insurance/Condemnation Proceeds, as the
case may be, shall be applied to prepay Revolving Loans to the extent outstanding (without a
reduction in Revolving Commitments).

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          (c) Issuance of Equity Securities. Except for payments required to be made pursuant
to Section 2.14(c) of the Second Lien Credit Agreement, together with amounts required to be made
pursuant to Section 2.14(e) of the Second Lien Credit Agreement, in an aggregate amount not to
exceed $67,500,000, no later than three (3) Business Days following the date of receipt by Holdings
of any Cash proceeds from a capital contribution to, or the issuance of any Capital Stock of,
Holdings or any of its Subsidiaries (other than pursuant to any employee stock or stock option
compensation plan or a Permitted Acquisition or warrants or options in existence as of the Closing
Date), Company shall prepay the Loans in an aggregate amount equal to 75% of such net proceeds (net
of underwriting discounts and commissions and other reasonable costs and expenses associated
therewith, including reasonable legal fees and expenses); provided, during any period in
which the Leverage Ratio (determined for any such period by reference to the most recent Compliance
Certificate delivered pursuant to Section 5.1(d) calculating the Leverage Ratio) shall be 3.0:1.00
or less, Company shall only be required to make the prepayments and/or reductions otherwise
required hereby in an amount equal to 50% of such net proceeds. Notwithstanding anything to the
contrary set forth in this section 2.14(c), Company shall prepay the Loans outstanding under the
Credit Agreement in an aggregate amount equal to the proceeds to Holdings from the Initial Public
Offering (net of underwriting discounts and commissions and other reasonable costs and expenses
associated therewith, including reasonable legal fees and expenses) minus the sum of (i) the
Restricted Junior Payment made pursuant to Section 6.5(j) and (ii) the amount paid to the Lenders
under the Second Lien Credit Agreement pursuant to Section 2.14(c) of the Second Lien Credit
Agreement.

          (d) Issuance of Debt. No later than three (3) Business Days following the date of
receipt by Holdings or any of its Subsidiaries of any Cash proceeds from the incurrence of any
Indebtedness of Holdings or any of its Subsidiaries (other than with respect to any Indebtedness
permitted to be incurred pursuant to Section 6.1), Company shall prepay the Loans and/or the
Revolving Commitments shall be permanently reduced as set forth in Section 2.15(b) in an aggregate
amount equal to 100% of such proceeds, net of underwriting discounts and commissions and other
reasonable costs and expenses associated therewith, including reasonable legal fees and expenses.

          (e) Consolidated Excess Cash Flow. Except for payments required to be made pursuant
to Section 2.14(e) of the Second Lien Credit Agreement, together with amounts required to be made
pursuant to Section 2.14(c) of the Second Lien Credit Agreement, in an aggregate amount not to
exceed $67,500,000, in the event that there shall be Consolidated Excess Cash Flow for any Fiscal
Year (commencing with Fiscal Year 2004), Company shall, no later than the earlier of (i) one
hundred twenty (120) days after the end of such Fiscal Year or (ii) the date of filing of Holding’s
or the Company’s required public filings, prepay the Loans and/or the Revolving Commitments shall
be permanently reduced as set forth in Section 2.15(b) in an aggregate amount equal to 75% of such
Consolidated Excess Cash Flow; provided, however, that the Company shall be
required, no later than sixty (60) days after the end of the Second Fiscal Quarter of Fiscal Year
2004, to make a prepayment pursuant to this Section 2.14(e) with respect to the first two Fiscal
Quarters of Fiscal Year 2004. Notwithstanding anything to the contrary set forth above, the
Company may make such payments at the end of each Fiscal Quarter prior to the end of such Fiscal
Year and, in the event that the aggregate sum of such quarterly payments is

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less than the required
prepayment amount hereunder, the Company shall pay the balance thereof in accordance with the terms
hereof. In no event shall any Lender be required to refund any amounts prepaid.

          (f) Revolving Loans and Swing Loans. Company shall from time to time prepay first,
the Swing Line Loans, and second, the Revolving Loans to the extent necessary so that the Total
Utilization of Revolving Commitments shall not at any time exceed the Revolving Commitments then in
effect.

          (g) Prepayments Under Subordinated Indebtedness. In addition to any of the
prepayments required pursuant to the foregoing provisions of this Section 2.14, Company shall
prepay the Loans (without permanently reducing the Revolving Credit Commitments unless so required
to effect the purposes of this Section 2.14(g)) in amounts and on dates so as to minimize or
eliminate any mandatory prepayment (prior to the scheduled maturity of any Subordinated
Indebtedness) otherwise required pursuant to the terms of any Subordinated Indebtedness if and to
the extent such other prepayment can be eliminated or minimized as a result of a prepayment
pursuant to this Section 2.14(g)

          (h) Prepayment Certificate. Concurrently with any prepayment of the Loans and/or
reduction of the Revolving Commitments pursuant to Sections 2.14(a) through 2.14(e), Company shall
deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the
calculation of the amount of the applicable net proceeds or Consolidated Excess Cash Flow, as the
case may be. In the event that Company shall subsequently determine
that the actual amount received exceeded the amount set forth in such certificate, Company
shall promptly make an additional prepayment of the Loans and/or the Revolving Commitments shall be
permanently reduced in an amount equal to such excess, and Company shall concurrently therewith
deliver to Administrative Agent a certificate of an Authorized Officer demonstrating the derivation
of such excess.

     2.15. Application of Prepayments/Reductions.

          (a) Application of Voluntary Prepayments by Type of Loans. Any prepayment of any Loan
pursuant to Section 2.13(a) shall be applied as specified by Company in the applicable notice of
prepayment; provided, in the event Company fails to specify the Loans to which any such
prepayment shall be applied, such prepayment shall be applied as follows:

               first, to repay outstanding Swing Line Loans to the full extent thereof;

               second, to repay outstanding Revolving Loans to the full extent thereof; and

               third, to prepay the Tranche C Term Loans.

               Any prepayment of any Tranche C Term Loan pursuant to Section 2.13(a) shall be further
applied on a pro rata basis to reduce the remaining scheduled Installments of principal on
such Tranche C Term Loan.

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          (b) Application of Mandatory Prepayments by Type of Loans. Except as may otherwise be
set forth in subsections 2.14(c) and (e) above, any amount required to be paid pursuant to Sections
2.14(a) through 2.14(e) and 2.14 (g) shall be applied as follows:

          first, to prepay Tranche C Term Loans pro rata across the remaining scheduled
Installments of principal of the Tranche C Term Loans;

          second, to prepay the Swing Line Loans to the full extent thereof and to permanently
reduce the Revolving Commitments by the amount of such prepayment;

          third, to prepay the Revolving Loans to the full extent thereof and to further
permanently reduce the Revolving Commitments by the amount of such prepayment;

          fourth, to prepay outstanding reimbursement obligations with respect to Letters of
Credit and to further permanently reduce the Revolving Loan Commitments by the amount of
such prepayment;

          fifth, to cash collateralize Letters of Credit and to further permanently reduce the
Revolving Loan Commitments by the amount of such cash collateralization; and

          sixth, to further permanently reduce the Revolving Commitments to the full extent
thereof.

          (c) Application of Prepayments of Loans to Index Rate Loans and Eurodollar Rate Loans.
Considering each Class of Loans being prepaid separately, any prepayment thereof shall be applied
first to Index Rate Loans to the full extent thereof before application to Eurodollar Rate Loans,
in each case in a manner which minimizes the amount of any payments required to be made by Company
pursuant to Section 2.18(c).

     2.16. General Provisions Regarding Payments.

          (a) All payments by Company of principal, interest, fees and other Obligations shall be made
in Dollars in same day funds, without defense, setoff or counterclaim, free of any restriction or
condition, and delivered to Administrative Agent not later than 12:00 p.m. (New York City time) on
the date due at Administrative Agent’s Principal Office for the account of Lenders; funds received
by Administrative Agent after that time on such due date shall be deemed to have been paid by
Company on the next succeeding Business Day.

          (b) All payments in respect of the principal amount of any Loan (other than voluntary
prepayments of Revolving Loans) shall be accompanied by payment of accrued interest on the
principal amount being repaid or prepaid.

          (c) Administrative Agent shall promptly distribute to each Lender at such address as such
Lender shall indicate in writing, such Lender’s applicable Pro Rata Share of all payments and
prepayments of principal and interest due hereunder, together with all other

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amounts due thereto,
including, without limitation, all fees payable with respect thereto, to the extent received by
Administrative Agent.

          (d) Notwithstanding the foregoing provisions hereof, if any Conversion/Continuation Notice is
withdrawn as to any Affected Lender or if any Affected Lender makes Index Rate Loans in lieu of its
Pro Rata Share of any Eurodollar Rate Loans, Administrative Agent shall give effect thereto in
apportioning payments received thereafter.

          (e) Subject to the provisos set forth in the definition of “Interest Period”, whenever any
payment to be made hereunder shall be stated to be due on a day that is not a Business Day, such
payment shall be made on the next succeeding Business Day and such extension of time shall be
included in the computation of the payment of interest hereunder or of the Revolving Commitment
fees hereunder.

          (f) Company hereby authorizes Administrative Agent to charge Company’s accounts with
Administrative Agent in order to cause timely payment to be made to Administrative Agent of all
principal, interest, fees and expenses due hereunder (subject to sufficient funds being available
in its accounts for that purpose).

          (g) Administrative Agent shall deem any payment by or on behalf of Company hereunder that is
not made in same day funds prior to 12:00 p.m. (New York City time) to be a non-conforming payment.
Any such payment shall not be deemed to have been received by Administrative Agent until the later
of (i) the time such funds become available funds, and (ii) the applicable next Business Day.
Administrative Agent shall give prompt telephonic notice to Company and each applicable Lender
(confirmed in writing) if any payment is non-conforming. Any non-conforming payment may constitute
or become a Default or Event of Default in accordance with the terms of Section 8.1(a). Interest
shall continue to accrue on any principal as to which a non-conforming payment is made until such
funds become available funds (but in no event less than the period from the date of such payment to
the next succeeding applicable Business Day) at the rate determined pursuant to Section 2.10 from
the date such amount was due and payable until the date such amount is paid in full.

          (h) If an Event of Default shall have occurred and not otherwise been waived, and the maturity
of the Obligations shall have been accelerated pursuant to Section 8.1, all payments or proceeds
received by Agents hereunder in respect of any of the Obligations, shall be applied in accordance
with the application arrangements described in Section 7.2 of the Pledge and Security Agreement.

     2.17. Ratable Sharing. Lenders hereby agree among themselves that, except as otherwise
provided in the Collateral Documents with respect to amounts realized from the exercise of rights
with respect to Liens on the Collateral, if any of them shall, whether by voluntary payment (other
than a voluntary prepayment of Loans made and applied in accordance with the terms hereof), through
the exercise of any right of set-off or banker’s lien, by counterclaim or cross action or by the
enforcement of any right under the Credit Documents or otherwise, or as adequate protection of a
deposit treated as cash collateral under the Bankruptcy Code, receive payment or reduction of a
proportion of the aggregate amount of principal,

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interest, amounts payable in respect of Letters of
Credit, fees and other amounts then due and owing to such Lender hereunder or under the other
Credit Documents (collectively, the “Aggregate Amounts Due” to such Lender) which is greater than
the proportion received by any other Lender in respect of the Aggregate Amounts Due to such other
Lender, then the Lender receiving such proportionately greater payment shall (a) notify
Administrative Agent and each other Lender of the receipt of such payment and (b) apply a portion
of such payment to purchase participations (which it shall be deemed to have purchased from each
seller of a participation simultaneously upon the receipt by such seller of its portion of such
payment) in the Aggregate Amounts Due to the other Lenders so that all such recoveries of Aggregate
Amounts Due shall be shared by all Lenders in proportion to the Aggregate Amounts Due to them;
provided, if all or part of such proportionately greater payment received by such
purchasing Lender is thereafter recovered from such Lender upon the bankruptcy or reorganization of
Company or otherwise, those purchases shall be rescinded and the purchase prices paid for such
participations shall be returned to such purchasing Lender ratably to the extent of such recovery,
but without interest. Company expressly consents to the foregoing arrangement and agrees that any
holder of a participation so purchased may exercise any and all rights of banker’s lien, set-off or
counterclaim with respect to any and all monies
owing by Company to that holder with respect thereto as fully as if that holder were owed the
amount of the participation held by that holder.

     2.18. Making or Maintaining Eurodollar Rate Loans.

          (a) Inability to Determine Applicable Interest Rate. In the event that Administrative
Agent shall have determined (which determination shall be final and conclusive and binding upon all
parties hereto), on any Interest Rate Determination Date with respect to any Eurodollar Rate Loans,
that by reason of circumstances affecting the London interbank market adequate and fair means do
not exist for ascertaining the interest rate applicable to such Loans on the basis provided for in
the definition of Adjusted Eurodollar Rate, Administrative Agent shall on such date give notice (by
telefacsimile or by telephone confirmed in writing) to Company and each Lender of such
determination, whereupon (i) no Loans may be made as, or converted to, Eurodollar Rate Loans until
such time as Administrative Agent notifies Company and Lenders that the circumstances giving rise
to such notice no longer exist, and (ii) any Funding Notice or Conversion/Continuation Notice given
by Company with respect to the Loans in respect of which such determination was made shall be
deemed to be rescinded by Company.

          (b) Illegality or Impracticability of Eurodollar Rate Loans. In the event that on any
date any Lender shall have determined (which determination shall be final and conclusive and
binding upon all parties hereto but shall be made only after consultation with Company and
Administrative Agent) that the making, maintaining or continuation of its Eurodollar Rate Loans (i)
has become unlawful as a result of compliance by such Lender in good faith with any law, treaty,
governmental rule, regulation, guideline or order (or would conflict with any such treaty,
governmental rule, regulation, guideline or order not having the force of law even though the
failure to comply therewith would not be unlawful), or (ii) has become impracticable, as a result
of contingencies occurring after the date hereof which materially and adversely affect the London
interbank market or the position of such Lender in that market, then, and in any such event, such
Lender shall be an “Affected Lender” and it shall on that day give notice (by

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telefacsimile or by
telephone confirmed in writing) to Company and Administrative Agent of such determination (which
notice Administrative Agent shall promptly transmit to each other Lender). Thereafter (1) the
obligation of the Affected Lender to make Loans as, or to convert Loans to, Eurodollar Rate Loans
shall be suspended until such notice shall be withdrawn by the Affected Lender, (2) to the extent
such determination by the Affected Lender relates to a Eurodollar Rate Loan then being requested by
Company pursuant to a Funding Notice or a Conversion/Continuation Notice, the Affected Lender shall
make such Loan as (or continue such Loan as or convert such Loan to, as the case may be) an Index
Rate Loan, (3) the Affected Lender’s obligation to maintain its outstanding Eurodollar Rate Loans
(the “Affected Loans”) shall be terminated at the earlier to occur of the expiration of the
Interest Period then in effect with respect to the Affected Loans or when required by law, and (4)
the Affected Loans shall automatically convert into Index Rate Loans on the date of such
termination. Notwithstanding the foregoing, to the extent a determination by an Affected Lender as
described above relates to a Eurodollar Rate Loan then being requested by Company pursuant to a
Funding Notice or a Conversion/Continuation Notice, Company shall have the option, subject to the
provisions of
Section 2.18(c), to rescind such Funding Notice or Conversion/Continuation Notice as to all
Lenders by giving notice (by telefacsimile or by telephone confirmed in writing) to Administrative
Agent of such rescission on the date on which the Affected Lender gives notice of its determination
as described above (which notice of rescission Administrative Agent shall promptly transmit to each
other Lender). Except as provided in the immediately preceding sentence, nothing in this Section
2.18(b) shall affect the obligation of any Lender other than an Affected Lender to make or maintain
Loans as, or to convert Loans to, Eurodollar Rate Loans in accordance with the terms hereof.

          (c) Compensation for Breakage or Non-Commencement of Interest Periods. Company shall
compensate each Lender, upon written request by such Lender (which request shall set forth the
basis for requesting such amounts), for all reasonable losses, expenses and liabilities (including
any interest paid by such Lender to Lenders of funds borrowed by it to make or carry its Eurodollar
Rate Loans and any loss, expense or liability sustained by such Lender in connection with the
liquidation or re-employment of such funds but excluding loss of anticipated profits) which such
Lender may sustain: (i) if for any reason (other than a default by such Lender) a borrowing of any
Eurodollar Rate Loan does not occur on a date specified therefor in a Funding Notice or a
telephonic request for borrowing, or a conversion to or continuation of any Eurodollar Rate Loan
does not occur on a date specified therefore in a Conversion/Continuation Notice or a telephonic
request for conversion or continuation; (ii) if any prepayment or other principal payment of, or
any conversion of, any of its Eurodollar Rate Loans occurs on a date prior to the last day of an
Interest Period applicable to that Loan (including, without limitation, pursuant to Section 2.13(c)
hereof); or (iii) if any prepayment of any of its Eurodollar Rate Loans is not made on any date
specified in a notice of prepayment given by Company.

          (d) Booking of Eurodollar Rate Loans. Any Lender may make, carry or transfer
Eurodollar Rate Loans at, to, or for the account of any of its branch offices or the office of an
Affiliate of such Lender.

          (e) Assumptions Concerning Funding of Eurodollar Rate Loans. Calculation of all
amounts payable to a Lender under this Section 2.18 and under Section 2.19 shall be made as

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though
such Lender had actually funded each of its relevant Eurodollar Rate Loans through the purchase of
a Eurodollar deposit bearing interest at the rate obtained pursuant to clause (i) of the definition
of Adjusted Eurodollar Rate in an amount equal to the amount of such Eurodollar Rate Loan and
having a maturity comparable to the relevant Interest Period and through the transfer of such
Eurodollar deposit from an offshore office of such Lender to a domestic office of such Lender in
the United States of America; provided, however, each Lender may fund each of its
Eurodollar Rate Loans in any manner it sees fit and the foregoing assumptions shall be utilized
only for the purposes of calculating amounts payable under this Section 2.18 and under Section
2.19.

     2.19. Increased Costs; Capital Adequacy.

          (a) Compensation For Increased Costs and Taxes. Subject to the provisions of Section
2.20 (which shall be controlling with respect to the matters covered thereby), in the event that
any Lender (which term shall include Issuing Bank for purposes of this Section 2.19(a)) shall
determine (which determination shall, absent demonstrable error, be final and conclusive and
binding upon all parties hereto) that any law, treaty or governmental rule, regulation or order, or
any change therein or in the interpretation, administration or application thereof (including the
introduction of any new law, treaty or governmental rule, regulation or order), or any
determination of a court or governmental authority, in each case that becomes effective after the
date hereof, or compliance by such Lender with any guideline, request or directive issued or made
after the date hereof by any central bank or other governmental or quasi-governmental authority
(whether or not having the force of law): (i) subjects such Lender (or its applicable lending
office) to any additional Tax (other than any Tax on the overall net income of such Lender) with
respect to this Agreement or any of the other Credit Documents or any of its obligations hereunder
or thereunder or any payments to such Lender (or its applicable lending office) of principal,
interest, fees or any other amount payable hereunder; (ii) imposes, modifies or holds applicable
any reserve (including any marginal, emergency, supplemental, special or other reserve), special
deposit, compulsory loan, FDIC insurance or similar requirement against assets held by, or deposits
or other liabilities in or for the account of, or advances or loans by, or other credit extended
by, or any other acquisition of funds by, any office of such Lender (other than any such reserve or
other requirements with respect to Eurodollar Rate Loans that are reflected in the definition of
Adjusted Eurodollar Rate); or (iii) imposes any other condition (other than with respect to a Tax
matter) on or affecting such Lender (or its applicable lending office) or its obligations hereunder
or the London interbank market; and the result of any of the foregoing is to increase the cost to
such Lender of agreeing to make, making or maintaining Loans hereunder or to reduce any amount
received or receivable by such Lender (or its applicable lending office) with respect thereto;
then, in any such case, Company shall promptly pay to such Lender, upon receipt of the statement
referred to in the next sentence, such additional amount or amounts (in the form of an increased
rate of, or a different method of calculating, interest or otherwise as such Lender in its sole
discretion shall determine) as may be necessary to compensate such Lender for any such increased
cost or reduction in amounts received or receivable hereunder. Such Lender shall deliver to
Company (with a copy to Administrative Agent) a written statement, setting forth in reasonable
detail the basis for calculating the additional amounts owed to such Lender under this Section
2.19(a), which statement shall be conclusive and binding upon all parties hereto absent
demonstrable error.

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          (b) Capital Adequacy Adjustment. In the event that any Lender (which term shall
include Issuing Bank for purposes of this Section 2.19(b)) shall have determined that the
adoption, effectiveness, phase-in or applicability after the Closing Date of any law, rule or
regulation (or any provision thereof) regarding capital adequacy, or any change therein or in the
interpretation or administration thereof by any Governmental Authority, central bank or comparable
agency charged with the interpretation or administration thereof, or compliance by any Lender (or
its applicable lending office) with any guideline, request or directive regarding capital adequacy
(whether or not having the force of law) of any such Governmental Authority, central bank or
comparable agency, has or would have the effect of reducing the rate of return on the capital of
such Lender or any corporation controlling such Lender as a consequence of, or with reference to,
such Lender’s Loans or Revolving Commitments or Letters of Credit, or
participations therein or other obligations hereunder with respect to the Loans or the Letters
of Credit to a level below that which such Lender or such controlling corporation could have
achieved but for such adoption, effectiveness, phase-in, applicability, change or compliance
(taking into consideration the policies of such Lender or such controlling corporation with regard
to capital adequacy), then from time to time, within five Business Days after receipt by Company
from such Lender of the statement referred to in the next sentence, Company shall pay to such
Lender such additional amount or amounts as will compensate such Lender or such controlling
corporation on an after-tax basis for such reduction. Such Lender shall deliver to Company (with a
copy to Administrative Agent) a written statement, setting forth in reasonable detail the basis for
calculating the additional amounts owed to Lender under this Section 2.19(b), which statement shall
be conclusive and binding upon all parties hereto absent demonstrable error.

     2.20. Taxes; Withholding, etc.

          (a) Payments to Be Free and Clear. All sums payable by any Credit Party hereunder and
under the other Credit Documents shall (except to the extent required by law) be paid free and
clear of, and without any deduction or withholding on account of, any Tax (other than a Tax on the
overall net income of any Lender) imposed, levied, collected, withheld or assessed by or within the
United States of America or any political subdivision in or of the United States of America or any
other jurisdiction from or to which a payment is made by or on behalf of any Credit Party or by any
federation or organization of which the United States of America or any such jurisdiction is a
member at the time of payment.

          (b) Withholding of Taxes. If any Credit Party or any other Person is required by law
to make any deduction or withholding on account of any such Tax from any sum paid or payable by any
Credit Party to Administrative Agent or any Lender (which term shall include Issuing Bank for
purposes of this Section 2.20(b)) under any of the Credit Documents: (i) Company shall notify
Administrative Agent of any such requirement or any change in any such requirement as soon as
Company becomes aware of it; (ii) Company shall pay any such Tax before the date on which penalties
attach thereto, such payment to be made (if the liability to pay is imposed on any Credit Party)
for its own account or (if that liability is imposed on Administrative Agent or such Lender, as the
case may be) on behalf of and in the name of Administrative Agent or such Lender; (iii) the sum
payable by such Credit Party in respect of which the relevant deduction, withholding or payment is
required shall be increased to the extent necessary to ensure that, after the making of that
deduction, withholding or payment,

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Administrative Agent or such Lender, as the case may be,
receives on the due date a net sum equal to what it would have received had no such deduction,
withholding or payment been required or made; and (iv) within thirty days after paying any sum from
which it is required by law to make any deduction or withholding, and within thirty days after the
due date of payment of any Tax which it is required by clause (ii) above to pay, Company shall
deliver to Administrative Agent evidence satisfactory to the other affected parties of such
deduction, withholding or payment and of the remittance thereof to the relevant taxing or other
authority; provided, no such additional amount shall be required to be paid to any Lender under
clause (iii) above except to the extent that any change after the date hereof (in the case of each
Lender listed on the signature pages hereof on the Effective Date) or after the effective date of
the Assignment Agreement pursuant to which such Lender became a Lender (in the case of each other
Lender) in
any such requirement for a deduction, withholding or payment as is mentioned therein shall
result in an increase in the rate of such deduction, withholding or payment from that in effect at
the date hereof or at the date of such Assignment Agreement, as the case may be, in respect of
payments to such Lender.

          (c) Evidence of Exemption From U.S. Withholding Tax. Each Lender that is not a United
States Person (as such term is defined in Section 7701(a)(30) of the Internal Revenue Code) for
U.S. federal income tax purposes (a “Non-US Lender”) shall deliver to Administrative Agent and the
Company, on or prior to the Effective Date (in the case of each Lender listed on the signature
pages hereof on the Effective Date) or on or prior to the date of the Assignment Agreement pursuant
to which it becomes a Lender (in the case of each other Lender), and at such other times as may be
necessary in the determination of Company or Administrative Agent (each in the reasonable exercise
of its discretion), (i) two original copies of Internal Revenue Service Form W-8BEN or W-8ECI (or
any successor forms), properly completed and duly executed by such Lender, and such other
documentation required under the Internal Revenue Code and reasonably requested by Company to
establish that such Lender is not subject to deduction or withholding of United States federal
income tax with respect to any payments to such Lender of principal, interest, fees or other
amounts payable under any of the Credit Documents, or (ii) if such Lender is not a “bank” or other
Person described in Section 881(c)(3) of the Internal Revenue Code and cannot deliver either
Internal Revenue Service Form W-8BEN or W-8ECI pursuant to clause (i) above, a Certificate re
Non-Bank Status together with two original copies of Internal Revenue Service Form W-8 (or any
successor form), properly completed and duly executed by such Lender, and such other documentation
required under the Internal Revenue Code and reasonably requested by Company to establish that such
Lender is not subject to deduction or withholding of United States federal income tax with respect
to any payments to such Lender of interest payable under any of the Credit Documents. Each Lender
required to deliver any forms, certificates or other evidence with respect to United States federal
income tax withholding matters pursuant to this Section 2.20(c) hereby agrees, from time to time
after the initial delivery by such Lender of such forms, certificates or other evidence, whenever a
lapse in time or change in circumstances renders such forms, certificates or other evidence
obsolete or inaccurate in any material respect, that such Lender shall promptly deliver to
Administrative Agent and the Company two new original copies of Internal Revenue Service Form
W-8BEN or W-8ECI , or a Certificate re Non-Bank Status and two original copies of Internal Revenue
Service Form W-8, as the case may be, properly completed and duly executed by such Lender, and such
other documentation required

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under the Internal Revenue Code and reasonably requested by Company to
confirm or establish that such Lender is not subject to deduction or withholding of United States
federal income tax with respect to payments to such Lender under the Credit Documents, or notify
Administrative Agent and Company of its inability to deliver any such forms, certificates or other
evidence. Company shall not be required to pay any additional amount to any Non-US Lender under
Section 2.20(b)(iii) if such Lender shall have failed (1) to deliver the forms, certificates or
other evidence referred to in the second sentence of this Section 2.20(c), or (2) to notify
Administrative Agent and Company of its inability to deliver any such forms, certificates or other
evidence, as the case may be; provided, if such Lender shall have satisfied the
requirements of the first sentence of this Section 2.20(c) on the Effective Date or on the date of
the Assignment Agreement pursuant to which it became a Lender, as applicable, nothing in this last
sentence of Section 2.20(c) shall relieve Company of its obligation to pay any additional
amounts pursuant this Section 2.20 in the event that, as a result of any change in any applicable
law, treaty or governmental rule, regulation or order, or any change in the interpretation,
administration or application thereof, such Lender is no longer properly entitled to deliver forms,
certificates or other evidence at a subsequent date establishing the fact that such Lender is not
subject to withholding as described herein.

     2.21. Obligation to Mitigate. Each Lender (which term shall include Issuing Bank for purposes
of this Section 2.21) agrees that, as promptly as practicable after the officer of such Lender
responsible for administering its Loans or Letters of Credit, as the case may be, becomes aware of
the occurrence of an event or the existence of a condition that would cause such Lender to become
an Affected Lender or that would entitle such Lender to receive payments under Section 2.18, 2.19
or 2.20, it will, to the extent not inconsistent with the internal policies of such Lender and any
applicable legal or regulatory restrictions, use reasonable efforts to (a) make, issue, fund or
maintain its Credit Extensions, including any Affected Loans, through another office of such
Lender, or (b) take such other measures as such Lender may deem reasonable, if as a result thereof
the circumstances which would cause such Lender to be an Affected Lender would cease to exist or
the additional amounts which would otherwise be required to be paid to such Lender pursuant to
Section 2.18, 2.19 or 2.20 would be materially reduced and if, as determined by such Lender in its
sole discretion, the making, issuing, funding or maintaining of such Revolving Commitments, Loans
or Letters of Credit through such other office or in accordance with such other measures, as the
case may be, would not otherwise adversely affect such Revolving Commitments, Loans or Letters of
Credit or the interests of such Lender; provided, such Lender will not be obligated to
utilize such other office pursuant to this Section 2.21 unless Company agrees to pay all
incremental expenses incurred by such Lender as a result of utilizing such other office as
described in clause (i) above. A certificate as to the amount of any such expenses payable by
Company pursuant to this Section 2.21 (setting forth in reasonable detail the basis for requesting
such amount) submitted by such Lender to Company (with a copy to Administrative Agent) shall be
conclusive absent demonstrable error.

     2.22. Defaulting Lenders. Anything contained herein to the contrary notwithstanding, in the
event that any Lender, except at the direction or request of any regulatory agency or authority,
defaults (a “Defaulting Lender”) in its obligation
to fund (a “Funding Default”) any Revolving Loan
or its portion of any unreimbursed payment under Section 2.3(b)(iv) or 2.4(e) (in each case, a
“Defaulted Loan”), then (a) during any Default Period with respect to such

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Defaulting Lender, such
Defaulting Lender shall be deemed not to be a “Lender” for purposes of voting on any matters
(including the granting of any consents or waivers) with respect to any of the Credit Documents;
(b) to the extent permitted by applicable law, until such time as the Default Excess with respect
to such Defaulting Lender shall have been reduced to zero, (i) any voluntary prepayment of the
Revolving Loans shall, if Company so directs at the time of making such voluntary prepayment, be
applied to the Revolving Loans of other Lenders as if such Defaulting Lender had no Revolving Loans
outstanding and the Revolving Exposure of such Defaulting
Lender were zero, and (ii) any mandatory prepayment of the Revolving Loans shall, if Company
so directs at the time of making such mandatory prepayment, be applied to the Revolving Loans of
other Lenders (but not to the Revolving Loans of such Defaulting Lender) as if such Defaulting
Lender had funded all Defaulted Loans of such Defaulting Lender, it being understood and agreed
that Company shall be entitled to retain any portion of any mandatory prepayment of the Revolving
Loans that is not paid to such Defaulting Lender solely as a result of the operation of the
provisions of this clause (b); (c) such Defaulting Lender’s Revolving Commitment and outstanding
Revolving Loans and such Defaulting Lender’s Pro Rata Share of the Letter of Credit Usage shall be
excluded for purposes of calculating the Revolving Commitment fee payable to Lenders in respect of
any day during any Default Period with respect to such Defaulting Lender, and such Defaulting
Lender shall not be entitled to receive any Revolving Commitment fee pursuant to Section 2.11 with
respect to such Defaulting Lender’s Revolving Commitment in respect of any Default Period with
respect to such Defaulting Lender; and (d) the Total Utilization of Revolving Commitments as at any
date of determination shall be calculated as if such Defaulting Lender had funded all Defaulted
Loans of such Defaulting Lender. No Revolving Commitment of any Lender shall be increased or
otherwise affected, and, except as otherwise expressly provided in this Section 2.22, performance
by Company of its obligations hereunder and the other Credit Documents shall not be excused or
otherwise modified as a result of any Funding Default or the operation of this Section 2.22. The
rights and remedies against a Defaulting Lender under this Section 2.22 are in addition to other
rights and remedies which Company may have against such Defaulting Lender with respect to any
Funding Default and which Administrative Agent or any Lender may have against such Defaulting
Lender with respect to any Funding Default.

     2.23. Removal or Replacement of a Lender. Anything contained herein to the contrary
notwithstanding, in the event that: (a) (i) any Lender (an
“Increased-Cost Lender”) shall give
notice to Company that such Lender is an Affected Lender or that such Lender is entitled to receive
payments under Section 2.18, 2.19 or 2.20, (ii) the circumstances which have caused such Lender to
be an Affected Lender or which entitle such Lender to receive such payments shall remain in effect,
and (iii) such Lender shall fail to withdraw such notice within five Business Days after Company’s
request for such withdrawal; or (b) (i) any Lender shall become a Defaulting Lender, (ii) the
Default Period for such Defaulting Lender shall remain in effect, and (iii) such Defaulting Lender
shall fail to cure the default as a result of which it has become a Defaulting Lender within five
Business Days after Company’s request that it cure such default; or (c) in connection with any
proposed amendment, modification, termination, waiver or consent with respect to any of the
provisions hereof as contemplated by Section 10.5(b), the consent of Requisite Lenders shall have
been obtained but the consent of one or more of such other Lenders
(each a “Non-Consenting Lender”)
whose consent is required shall not have been obtained; then, with respect to each such
Increased-Cost Lender, Defaulting Lender or

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Non-Consenting Lender (the
“Terminated Lender”),
Company may, by giving written notice to Administrative Agent and any Terminated Lender of its
election to do so, (i) elect to cause such Terminated Lender (and such Terminated Lender hereby
irrevocably agrees) to assign its outstanding Loans and its Revolving Commitments, if any, in full
to one or more Eligible Assignees (each a “Replacement
Lender”) in accordance with the provisions
of Section 10.6 and (ii) in the event such Terminated Lender
fails to execute and provide an Assignment Agreement, Administrative Agent shall have such
powers to execute the necessary Assignment Agreement on behalf of such Terminated Lender, and
Terminated Lender shall pay any fees payable thereunder in connection with such assignment ;
provided, (1) on the date of such assignment, the Replacement Lender shall pay to
Terminated Lender an amount equal to the sum of (A) an amount equal to the principal of, and all
accrued interest on, all outstanding Loans of the Terminated Lender, (B) an amount equal to all
unreimbursed drawings that have been funded by such Terminated Lender, together with all then
unpaid interest with respect thereto at such time and (C) an amount equal to all accrued, but
theretofore unpaid fees owing to such Terminated Lender pursuant to Section 2.11; (2) on the date
of such assignment, Company shall pay any amounts payable to such Terminated Lender pursuant to
Section 2.18(c), 2.19 or 2.20; or otherwise as if it were a prepayment and (3) in the event such
Terminated Lender is a Non-Consenting Lender, each Replacement Lender shall consent, at the time of
such assignment, to each matter in respect of which such Terminated Lender was a Non-Consenting
Lender; provided, Company may not make such election with respect to any Terminated Lender
that is also an Issuing Bank unless, prior to the effectiveness of such election, Company shall
have caused each outstanding Letter of Credit issued thereby to be cancelled. Upon the prepayment
of all amounts owing to any Terminated Lender and the termination of such Terminated Lender’s
Revolving Commitments, if any, such Terminated Lender shall no longer constitute a “Lender” for
purposes hereof; provided, any rights of such Terminated Lender to indemnification
hereunder shall survive as to such Terminated Lender.

     2.24. Incremental Facilities. Company may by written notice to Administrative Agent and
Syndication Agent elect to request the establishment of one or more new term loan commitments (the
“New Term Loan Commitments”), by an amount not in excess of $15,000,000 in the aggregate and not
less than $5,000,000 individually (or such lesser amount which shall be approved by Administrative
Agent and Syndication Agent or such lesser amount that shall constitute the difference between
$5,000,0000 and all such New Term Loan Commitments obtained prior to such date), and integral
multiples of $1,000,000 in excess of that amount. Each such notice shall specify (A) the date
(each, an “Increased Amount Date”) on which Company proposes that the New Term Loan Commitments
shall be effective, which shall be a date not less than 10 Business Days after the date on which
such notice is delivered to Administrative Agent and Syndication Agent and (B) the identity of each
Lender or other Person that is an Eligible Assignee (each a
“New Term Loan Lender”) to whom Company
proposes any portion of such New Term Loan Commitments be allocated and the amounts of such
allocations; provided that any Lender approached to provide all or a portion of the New
Term Loan Commitments may elect or decline, in its sole discretion, to provide a New Term Loan
Commitment. Such New Term Loan Commitments shall become effective, as of such Increased Amount
Date; provided that (1) no Default or Event of Default shall exist on such Increased Amount
Date before or after giving effect to such New Term Loan Commitments; (2) both before and after
giving effect to the making of any New Term Loans, each of the conditions set

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forth in Section 3.2
shall be satisfied; (3) Company and its Subsidiaries shall be in pro forma compliance with each of
the covenants set forth in Section 6.8 as of the last day of the most recently ended Fiscal Quarter
after giving effect to such New Term Loan Commitments; (4) the New Term Loan Commitments shall be
effected pursuant to one or more Joinder Agreements executed and delivered by Company, Syndication
Agent and Administrative Agent, and each of which shall be recorded in the Register and shall be
subject to
the requirements set forth in Section 2.20(c); (5) Company shall make any payments required
pursuant to Section 2.18(c) in connection with the New Term Loan Commitments; and (6) Company shall
deliver or cause to be delivered any legal opinions or other documents reasonably requested by
Administrative Agent in connection with any such transaction.

     On any Increased Amount Date on which any New Term Loan Commitments are effective, subject to
the satisfaction of the foregoing terms and conditions, (i) each New Term Loan Lender shall make a
Loan to Company (a “New Term Loan”) in an amount equal to its New Term Loan Commitment, and (ii)
each New Term Loan Lender shall become a Lender hereunder with respect to the New Term Loan
Commitment and the New Term Loans made pursuant thereto.

     Administrative Agent shall notify Lenders promptly upon receipt of Company’s notice of each
Increased Amount Date and in respect thereof of New Term Loan Commitments and the New Term Loan
Lenders, subject to the assignments contemplated by this Section.

     The terms and provisions of the New Term Loans and New Term Loan Commitments shall be
identical to the Tranche C Term Loans, including, without limitation, with respect to amortization,
interest and maturity. Each Joinder Agreement may, without the consent of any other Lenders,
effect such amendments to this Agreement and the other Credit Documents as may be necessary or
appropriate, in the opinion of the Syndication Agent and Administrative Agent, to effect the
provision of this Section 2.24.

SECTION 3. CONDITIONS PRECEDENT

     3.1. Effective Date. The obligation of any Lender to make a Credit Extension on the Effective
Date is subject to the satisfaction, or waiver in accordance with Section 10.5, of the following
conditions on or before the Effective Date:

          (a) Credit Documents. Administrative Agent shall have received sufficient copies of
each Credit Document in a form satisfactory to the Administrative Agent originally executed and
delivered by each applicable Credit Party for each Lender.

          (b) Organizational Documents; Incumbency. Administrative Agent shall have received
(i) sufficient copies of each Organizational Document originally executed and delivered by each
Credit Party, as applicable, and, to the extent applicable, certified as of a recent date by the
appropriate governmental official, for each Lender, each dated the Effective Date or a recent date
prior thereto; provided that in lieu of delivering each Organizational Document, the
Company may deliver a certificate of an Authorized Officer certifying that there have been no
material amendments to those Organizational Documents previously delivered to the

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Administrative
Agent in connection with the Existing Credit Agreement; (ii) signature and incumbency certificates
of the officers of such Person executing the Credit Documents to which it is a party; (iii)
resolutions of the Board of Directors or similar governing body of each Credit Party approving and
authorizing the execution, delivery and performance of this Agreement and
the other Credit Documents and the Related Agreements to which it is a party or by which it or
its assets may be bound as of the Effective Date, certified as of the Effective Date by its
secretary or an assistant secretary as being in full force and effect without modification or
amendment; (iv) a good standing certificate from the applicable Governmental Authority of each of
(i) Company, (ii) AR Holdings, and (iii) Holdings jurisdiction of incorporation, organization or
formation and in each jurisdiction in which it is qualified as a foreign corporation or other
entity to do business, each dated a recent date prior to the Effective Date; and (v) such other
documents as Administrative Agent may reasonably request.

          (c) Organizational and Capital Structure. The organizational structure and capital
structure of Holdings and its Subsidiaries shall be as set forth on Schedule 4.1.

          (d) Capitalization of Holdings and Company; Related Financings. On or before the
Effective Date, Administrative Agent and Syndication Agent shall be satisfied in all respects with
Holdings’ capital structure.

          (e) Related Agreements. Syndication Agent and Administrative Agent shall each have
received a fully executed or conformed copy of each Related Agreement and any documents executed in
connection therewith, together with copies of each of the opinions of counsel delivered to the
parties under the Related Agreements, accompanied by a letter from each such counsel (to the extent
not inconsistent with such counsel’s established internal policies) authorizing Lenders to rely
upon such opinion to the same extent as though it were addressed to Lenders; provided that
in lieu of delivering each Related Agreement, the Company may deliver a certificate of an
Authorized Officer certifying that there have been no material amendments to those Related
Agreements previously delivered to the Administrative Agent in connection with the Existing Credit
Agreement. There shall be no defaults or events of default (as may be defined in the applicable
Related Agreement) under any Related Agreements and each Related Agreement shall be in full force
and effect, and no provision thereof shall have been modified or waived in any respect determined
by Syndication Agent or Administrative Agent to be material, in each case without the consent of
Syndication Agent and Administrative Agent.

          (f) Existing Indebtedness. (i) There shall be no material defaults or material events
of default under the Existing Credit Agreement and (ii) on the Effective Date, Holdings and its
Subsidiaries shall have delivered to Syndication Agent and Administrative Agent (1) a fully
executed or conformed copy of each document evidencing the Existing Seller Subordinated Notes and
the Existing Earn-Out Obligations and (2) a certificate from an Authorized Officer of each
applicable Credit Party, in form and substance satisfactory to Syndication Agent and Administrative
Agent, with respect thereto; provided that in lieu of delivering such documents evidencing
the Existing Seller Subordinated Notes and the Existing Earn-Out Obligations, the Company may
deliver a certificate of an Authorized Officer certifying that there have been no material
amendments to those documents evidencing the Existing Seller Subordinated Notes and

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the Existing
Earn-Out Obligations previously delivered to the Administrative Agent in connection with the
Existing Credit Agreement.

          (g) Transaction Costs. On or prior to the Effective Date, Company shall have
delivered to Administrative Agent Company’s reasonable best estimate of the Transactions Costs
(other than fees payable to any Agent).

          (h) Governmental Authorizations and Consents. Each Credit Party shall have obtained
all Governmental Authorizations and all consents of other Persons, in each case that are necessary
or advisable in connection with the transactions contemplated by the Credit Documents and the
Related Agreements and each of the foregoing shall be in full force and effect and in form and
substance reasonably satisfactory to Syndication Agent and Administrative Agent. All applicable
waiting periods shall have expired without any action being taken or threatened by any competent
authority which would restrain, prevent or otherwise impose adverse conditions on the transactions
contemplated by the Credit Documents or the Related Agreements or the financing thereof and no
action, request for stay, petition for review or rehearing, reconsideration, or appeal with respect
to any of the foregoing shall be pending, and the time for any applicable agency to take action to
set aside its consent on its own motion shall have expired.

          (i) [Reserved].

          (j) Personal Property Collateral. In order to create in favor of Collateral Agent,
for the benefit of Secured Parties, a valid, perfected First Priority security interest in the
personal property Collateral, Collateral Agent shall have received:

               (i) evidence satisfactory to Collateral Agent of the compliance by each Credit Party of
their obligations under the Pledge and Security Agreement and the other Collateral Documents
(including, without limitation, their obligations to execute and deliver UCC financing
statements, originals of securities, instruments and chattel paper and any agreements
governing deposit and/or securities accounts as provided therein);

               (ii) A completed Collateral Questionnaire dated the Closing Date and executed by an
Authorized Officer of each Credit Party, together with all attachments contemplated thereby,
including (A) the results of a recent search, by a Person satisfactory to Collateral Agent,
of all effective UCC financing statements (or equivalent filings) made with respect to any
personal or mixed property of any Credit Party in the jurisdictions specified in the
Collateral Questionnaire, together with copies of all such filings disclosed by such search,
and (B) UCC termination statements (or similar documents) duly executed by all applicable
Persons for filing in all applicable jurisdictions as may be necessary to terminate any
effective UCC financing statements (or equivalent filings) disclosed in such search (other
than any such financing statements in respect of Permitted Liens);

               (iii) opinions of counsel (which counsel shall be reasonably satisfactory to Collateral
Agent) with respect to the creation and perfection of the security interests in

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favor of
Collateral Agent in such Collateral and such other matters governed by the laws of each
jurisdiction in which any Credit Party or any personal property Collateral is
located as Collateral Agent may reasonably request, in each case in form and substance
reasonably satisfactory to Collateral Agent; and

               (iv) evidence that each Credit Party shall have taken or caused to be taken any other
action, executed and delivered or caused to be executed and delivered any other agreement,
document and instrument (including, without limitation, any intercompany notes evidencing
Indebtedness permitted to be incurred pursuant to Section 6.1(b)) and made or caused to be
made any other filing and recording (other than as set forth herein) reasonably required by
Collateral Agent.

          (k) [Reserved].

          (l) [Reserved].

          (m) Evidence of Insurance. Collateral Agent shall have received a certificate from
Company’s insurance broker or other evidence satisfactory to it that all insurance required to be
maintained pursuant to Section 5.5 is in full force and effect and that Collateral Agent, for the
benefit of Lenders has been named as additional insured and loss payee thereunder to the extent
required under Section 5.5.

          (n) Opinions of Counsel to Credit Parties. Lenders and their respective counsel shall
have received originally executed copies of the favorable written opinions of those counsel for
Credit Parties set forth in Schedule 3.1(n), in the form of Exhibit D and as to such other matters
as Administrative Agent or Syndication Agent may reasonably request, dated as of the Effective Date
and otherwise in form and substance reasonably satisfactory to Administrative Agent and Syndication
Agent (and each Credit Party hereby instructs such counsel to deliver such opinions to Agents and
Lenders).

          (o) [Reserved].

          (p) Fees. Company shall have paid to Syndication Agent and Administrative Agent (i)
the fees payable on the Effective Date referred to in Section 2.11(d) and (ii) an amendment fee,
for distribution to all Lenders executing this Agreement by no later than June 27, 2005, equal to
0.05% of such Lenders’ outstanding Loans and Commitments on the Effective Date.

          (q) Effective Date Certificate. Holdings and Company shall have delivered to
Syndication Agent and Administrative Agent an originally executed Effective Date Certificate,
together with all attachments thereto.

          (r) [Reserved]..

          (s) [Reserved].

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          (t) No Litigation. There shall not exist any action, suit, investigation, litigation
or proceeding or other legal or regulatory developments, pending or threatened in any court or
before any arbitrator or Governmental Authority that, in the reasonable opinion of
Administrative Agent and Syndication Agent, singly or in the aggregate, materially impairs any
of transactions contemplated by the Credit Documents or the Related Agreements, or that could
reasonably be expected to have a Material Adverse Effect.

          (u) Completion of Proceedings. All partnership, corporate and other proceedings taken
or to be taken in connection with the transactions contemplated hereby and all documents incidental
thereto not previously found acceptable by Administrative Agent or Syndication Agent and its
counsel shall be satisfactory in form and substance to Administrative Agent and Syndication Agent
and such counsel, and Administrative Agent, Syndication Agent and such counsel shall have received
all such counterpart originals or certified copies of such documents as Administrative Agent or
Syndication Agent may reasonably request.

          (v) Consents. Company, Holdings and Requisite Lenders (as such term is defined under
the Existing Credit Agreement) shall have indicated their consent by the execution and delivery of
the signature pages hereof to the Administrative Agent and all Non-Consenting Lenders shall have
assigned their Existing Term Loans pursuant to an Assignment Agreement.

Each Lender, by delivering its signature page to this Agreement and funding a Loan on the Effective
Date, shall be deemed to have acknowledged receipt of, and consented to and approved, each Credit
Document and each other document required to be approved by any Agent, Requisite Lenders or
Lenders, as applicable on the Effective Date.

     3.2. Conditions to Each Credit Extension.

          (a) Conditions Precedent. The obligation of each Lender to make any Loan, or Issuing
Bank to issue any Letter of Credit, on any Credit Date, including the Effective Date, are subject
to the satisfaction, or waiver in accordance with Section 10.5, of the following conditions
precedent:

               (i) Administrative Agent shall have received a fully executed and delivered Funding
Notice or Issuance Notice, as the case may be;

               (ii) after making the Credit Extensions requested on such Credit Date, the Total
Utilization of Revolving Commitments shall not exceed the Revolving Commitments then in
effect;

               (iii) as of such Credit Date, the representations and warranties contained herein and
in the other Credit Documents shall be true and correct in all material respects on and as
of that Credit Date to the same extent as though made on and as of that date, except to the
extent such representations and warranties specifically relate to an earlier date, in which
case such representations and warranties shall have been true and correct in all material
respects on and as of such earlier date;

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               (iv) as of such Credit Date, no event shall have occurred and be continuing or would
result from the consummation of the applicable Credit Extension that would constitute an
Event of Default or a Default;

               (v) on or before the date of issuance of any Letter of Credit, Administrative Agent
shall have received all other information required by the applicable Issuance Notice, and
such other documents or information as Issuing Bank may reasonably require in connection
with the issuance of such Letter of Credit;

               (vi) as of such Credit Date, the Leverage Ratio determined as of such date after giving
effect to the contemplated Credit Extension shall not exceed the maximum Leverage Ratio
permitted as of the last day of the immediately succeeding Fiscal Quarter pursuant to
Section 6.8(c); and

               (vii) after giving effect to such Credit Extension the aggregate Cash and Cash
Equivalents of Holdings and its subsidiaries will not exceed $15,000,000.

Any Agent or Requisite Lenders shall be entitled, but not obligated to, request and receive, prior
to the making of any Credit Extension, additional information reasonably satisfactory to the
requesting party confirming the satisfaction of any of the foregoing if, in the good faith judgment
of such Agent or Requisite Lender such request is warranted under the circumstances.

          (b) Notices. Any Notice shall be executed by an Authorized Officer in a writing
delivered to Administrative Agent. In lieu of delivering a Notice, Company may give Administrative
Agent telephonic notice by the required time of any proposed borrowing, conversion/continuation or
issuance of a Letter of Credit, as the case may be; provided each such notice shall be
promptly confirmed in writing by delivery of the applicable Notice to Administrative Agent on or
before the applicable date of borrowing, continuation/conversion or issuance. Neither
Administrative Agent nor any Lender shall incur any liability to Company in acting upon any
telephonic notice referred to above that Administrative Agent believes in good faith to have been
given by a duly authorized officer or other person authorized on behalf of Company or for otherwise
acting in good faith.

SECTION 4. REPRESENTATIONS AND WARRANTIES

     In order to induce Lenders and Issuing Bank to enter into this Agreement and to make each
Credit Extension to be made thereby, each Credit Party represents and warrants to each Lender and
Issuing Bank, on the Effective Date and on each Credit Date, that the following statements are true
and correct:

     4.1. Organization; Requisite Power and Authority; Qualification. Each of Holdings and its
Subsidiaries (a) is duly organized, validly existing and in good standing under the laws of its
jurisdiction of organization as identified in Schedule 4.1, (b) has all requisite power and
authority to own and operate its properties, to carry on its business as now conducted and as
proposed to be conducted, to enter into the Credit Documents to which it is a
party and to carry out the transactions contemplated thereby, and (c) is qualified to do
business and in good

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standing in every jurisdiction where its assets are located and wherever
necessary to carry out its business and operations, except in jurisdictions where the failure to be
so qualified or in good standing has not had, and could not be reasonably expected to have, a
Material Adverse Effect.

     4.2. Capital Stock and Ownership. The Capital Stock of each of Holdings and its Subsidiaries
has been duly authorized and validly issued and is fully paid and non-assessable. Except as set
forth on Schedule 4.2, as of the date hereof, there is no existing option, warrant, call, right,
commitment or other agreement to which Holdings or any of its Subsidiaries is a party requiring,
and there is no Capital Stock of Holdings or any of its Subsidiaries outstanding which upon
conversion or exchange would require, the issuance by Holdings or any of its Subsidiaries of any
additional Capital Stock of Holdings or any of its Subsidiaries or other Securities convertible
into, exchangeable for or evidencing the right to subscribe for or purchase, Capital Stock of
Holdings or any of its Subsidiaries. Schedule 4.2 correctly sets forth the ownership interest of
Holdings and each of its Subsidiaries in their respective Subsidiaries as of the Effective Date.

     4.3. Due Authorization. The execution, delivery and performance of the Credit Documents have
been duly authorized by all necessary action on the part of each Credit Party that is a party
thereto.

     4.4. No Conflict. The execution, delivery and performance by Credit Parties of the Credit
Documents to which they are parties and the consummation of the transactions contemplated by the
Credit Documents do not and will not (a) violate any provision of any law or any governmental rule
or regulation applicable to Holdings or any of its Subsidiaries, any of the Organizational
Documents of Holdings or any of its Subsidiaries, or any order, judgment or decree of any court or
other agency of government binding on Holdings or any of its Subsidiaries except to the extent such
violation could not be reasonably expected to have a Material Adverse Effect; (b) conflict with,
result in a breach of or constitute (with due notice or lapse of time or both) a default under any
Contractual Obligation of Holdings or any of its Subsidiaries except to the extent such conflict,
breach or default could not reasonably be expected to have a Material Adverse Effect; (c) result in
or require the creation or imposition of any Lien upon any of the properties or assets of Holdings
or any of its Subsidiaries (other than any Liens created under any of the Credit Documents in favor
of Collateral Agent, on behalf of Secured Parties and the Liens securing obligations under the
Second Lien Credit Agreement pursuant to subsection 6.2(p)); or (d) require any approval of
stockholders, members or partners or any approval or consent of any Person under any Contractual
Obligation of Holdings or any of its Subsidiaries, except for such approvals or consents which will
be obtained on or before the Effective Date and disclosed in writing to Lenders and except for any
such approvals or consents the failure of which to obtain will not have a Material Adverse Effect.

     4.5. Governmental Consents. The execution, delivery and performance by Credit Parties of the
Credit Documents to which they are parties and the consummation of the transactions contemplated by
the Credit Documents do not and will not require any registration with, consent or approval of, or
notice to, or other action to, with or by, any Governmental Authority except for filings and
recordings with respect to the Collateral to be made, or

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otherwise delivered to Collateral Agent
for filing and/or recordation, as of the Effective Date, other than certain filings required by the
Securities Exchange Act of 1934.

     4.6. Binding Obligation. Each Credit Document has been duly executed and delivered by each
Credit Party that is a party thereto and is the legally valid and binding obligation of such Credit
Party, enforceable against such Credit Party in accordance with its respective terms, except as may
be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or
limiting creditors’ rights generally or by equitable principles relating to enforceability.

     4.7. Historical Financial Statements. The Historical Financial Statements were prepared in
conformity with GAAP and fairly present, in all material respects, the financial position, on a
consolidated basis, of the Persons described in such financial statements as at the respective
dates thereof and the results of operations and cash flows, on a consolidated basis, of the
entities described therein for each of the periods then ended, subject, in the case of any such
unaudited financial statements, to changes resulting from audit and normal year-end adjustments.
As of the Closing Date, neither AR Holdings nor any of its Subsidiaries had any contingent
liability or liability for taxes, long-term lease or unusual forward or long-term commitment that
is not reflected in the Historical Financial Statements or the notes thereto and which in any such
case is material in relation to the business, operations, properties, assets, condition (financial
or otherwise) or prospects of AR Holdings and any of its Subsidiaries taken as a whole.

     4.8. Projections. On and as of the Effective Date, the projected financial information of
Holdings and its Subsidiaries for the period Fiscal Year 2005 through and including Fiscal Year
2008 (the “Projections") were based on good faith estimates and assumptions made by the management
of Holdings; provided, the Projections are not to be viewed as facts and that actual
results during the period or periods covered by the Projections may differ from such Projections
and that the differences may be material; provided further, as of the Closing Date,
management of Holdings believed that the Projections were reasonable and attainable.

     4.9. No Material Adverse Change. Since December 31, 2002, no event, circumstance or change
has occurred that has caused or evidences, either in any case or in the aggregate, a Material
Adverse Effect.

     4.10. No Restricted Junior Payments. Since September 30, 2003, neither Holdings nor any of
its Subsidiaries has directly or indirectly declared, ordered, paid or made, or set apart any sum
or property for, any Restricted Junior Payment or agreed to do so except as permitted pursuant to
Section 6.5.

     4.11. Adverse Proceedings, etc. There are no Adverse Proceedings, individually or in the
aggregate, that could reasonably be expected to have a Material Adverse Effect. Neither Holdings
nor any of its Subsidiaries (a) is in violation of any applicable laws (including Environmental
Laws) that, individually or in the aggregate, could reasonably be expected to have a Material
Adverse Effect, or (b) is subject to or in default with respect to any final judgments, writs,
injunctions, decrees, rules or regulations of any court or any federal, state, municipal or other
governmental department, commission, board, bureau, agency or instrumentality, domestic

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or foreign,
that, individually or in the aggregate, could reasonably be expected to have a Material Adverse
Effect.

     4.12. Payment of Taxes. Except as otherwise permitted under Section 5.3, all tax returns and
reports of Holdings and its Subsidiaries required to be filed by any of them have been timely
filed, and all taxes shown on such tax returns to be due and payable and all assessments, fees and
other governmental charges upon Holdings and its Subsidiaries and upon their respective properties,
assets, income, businesses and franchises which are due and payable have been paid when due and
payable. Holdings knows of no proposed tax assessment against Holdings or any of its Subsidiaries
which is not being actively contested by Holdings or such Subsidiary in good faith and by
appropriate proceedings; provided, such reserves or other appropriate provisions, if any,
as shall be required in conformity with GAAP shall have been made or provided therefore.

4.13. Properties.

          (a) Title. Each of Holdings and its Subsidiaries has (i) good, sufficient and legal
title to (in the case of fee interests in real property), (ii) valid leasehold interests in (in the
case of leasehold interests in real or personal property), and (iii) good title to (in the case of
all other personal property), all of their respective properties and assets reflected in their
respective Historical Financial Statements referred to in Section 4.7 and in the most recent
financial statements delivered pursuant to Section 5.1, in each case except for assets disposed of
since the date of such financial statements in the ordinary course of business or as otherwise
permitted under Section 6.9. Except as permitted by this Agreement, all such properties and assets
are free and clear of Liens.

          (b) Real Estate. As of the Effective Date, Schedule 4.13 contains a true, accurate
and complete list of (i) all Real Estate Assets, and (ii) all leases, subleases or assignments of
leases (together with all amendments, modifications, supplements, renewals or extensions of any
thereof) affecting each Real Estate Asset of any Credit Party, regardless of whether such Credit
Party is the landlord or tenant (whether directly or as an assignee or successor in interest)
under such lease, sublease or assignment. Each agreement listed in Schedule 4.13 is in full force
and effect and Holdings does not have knowledge of any default that has occurred and is continuing
thereunder, and each such agreement constitutes the legally valid and binding obligation of each
applicable Credit Party, enforceable against such Credit Party in accordance with its terms, except
as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws
relating to or limiting creditors’ rights generally or by equitable principles.

     4.14. Environmental Matters. Neither Holdings nor any of its Subsidiaries nor any of their
respective Facilities or operations are subject to any outstanding written order, consent decree or
settlement agreement with any Person relating to any Environmental Law, any Environmental Claim, or
any Hazardous Materials Activity that, individually or in the aggregate, could reasonably be
expected to have a Material Adverse Effect. Neither Holdings nor any of its Subsidiaries has
received any letter or request for information under Section 104 of the Comprehensive Environmental
Response, Compensation, and Liability Act (42 U.S.C. § 9604)

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or any comparable state law. There
are and, to each of Holdings’ and its Subsidiaries’ knowledge, have been, no conditions,
occurrences, or Hazardous Materials Activities which could reasonably be expected to form the basis
of an Environmental Claim against Holdings or any of its Subsidiaries that, individually or in the
aggregate, could reasonably be expected to have a Material Adverse Effect. Neither Holdings nor
any of its Subsidiaries nor, to any Credit Party’s knowledge, any predecessor of Holdings or any of
its Subsidiaries has filed any notice under any Environmental Law indicating past or present
treatment of Hazardous Materials at any Facility, and none of Holdings’ or any of its Subsidiaries’
operations involves the generation, transportation, treatment, storage or disposal of hazardous
waste, as defined under 40 C.F.R. Parts 260-270 or any state equivalent in violation of law.
Compliance with all current or reasonably foreseeable future requirements pursuant to or under
Environmental Laws could not be reasonably expected to have, individually or in the aggregate, a
Material Adverse Effect. No event or condition has occurred or is occurring with respect to
Holdings or any of its Subsidiaries relating to any Environmental Law, any Release of Hazardous
Materials, or any Hazardous Materials Activity which individually or in the aggregate has had, or
could reasonably be expected to have, a Material Adverse Effect.

     4.15. No Defaults. Neither Holdings nor any of its Subsidiaries is in default in the
performance, observance or fulfillment of any of the obligations, covenants or conditions contained
in any of its Contractual Obligations, and no condition exists which, with the giving of notice or
the lapse of time or both, could constitute such a default, except where the consequences, direct
or indirect, of such default or defaults, if any, could not reasonably be expected to have a
Material Adverse Effect.

     4.16. Material Contracts. Schedule 4.16 contains a true, correct and complete list of all the Material Contracts in
effect on the Effective Date, and except as described thereon, all such Material Contracts are in
full force and effect and no defaults in any material respect currently exist thereunder.

     4.17. Governmental Regulation. Neither Holdings nor any of its Subsidiaries is subject to
regulation under the Public Utility Holding Company Act of 1935, the Federal Power Act or the
Investment Company Act of 1940 or under any other federal or state statute or regulation which may
limit its ability to incur Indebtedness or which may otherwise render all or any portion of the
Obligations unenforceable. Neither Holdings nor any of its Subsidiaries is a “registered
investment company” or a company “controlled” by a “registered investment company” or a “principal
underwriter” of a “registered investment company” as such terms are defined in the Investment
Company Act of 1940.

     4.18. Margin Stock. Neither Holdings nor any of its Subsidiaries is engaged principally, or
as one of its important activities, in the business of extending credit for the purpose of
purchasing or carrying any Margin Stock. No part of the proceeds of the Loans made to such Credit
Party will be used to purchase or carry any such margin stock or to extend credit to others for the
purpose of purchasing or carrying any such margin stock or for any purpose that violates, or is
inconsistent with, the provisions of Regulation T, U or X of said Board of Governors.

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     4.19. Employee Matters. Neither Holdings nor any of its Subsidiaries is engaged in any unfair
labor practice that could reasonably be expected to have a Material Adverse Effect. There is (a)
no unfair labor practice complaint pending against Holdings or any of its Subsidiaries, or to the
best knowledge of Holdings and Company, threatened against any of them before the National Labor
Relations Board and no grievance or arbitration proceeding arising out of or under any collective
bargaining agreement that is so pending against Holdings or any of its Subsidiaries or to the best
knowledge of Holdings and Company, threatened against any of them, (b) no strike or work stoppage
in existence or threatened involving Holdings or any of its Subsidiaries that could reasonably be
expected to have a Material Adverse Effect, and (c) to the best knowledge of Holdings and Company,
no union representation question existing with respect to the employees of Holdings or any of its
Subsidiaries and, to the best knowledge of Holdings and Company, no union organization activity
that is taking place, except (with respect to any matter specified in clause (a), (b) or (c) above,
either individually or in the aggregate) such as is not reasonably likely to have a Material
Adverse Effect.

     4.20. Employee Benefit Plans. Holdings, each of its Subsidiaries and each of their respective
ERISA Affiliates are in substantial compliance with all applicable provisions and requirements of
ERISA and the Internal Revenue Code and the regulations and published interpretations thereunder
with respect to each Employee Benefit Plan, and have substantially performed all their obligations
under each Employee Benefit Plan. Each Employee Benefit Plan which is intended to qualify under
Section
401(a) of the Internal Revenue Code has received a favorable determination letter from the
Internal Revenue Service indicating that such Employee Benefit Plan is so qualified and nothing has
occurred subsequent to the issuance of such determination letter which would cause such Employee
Benefit Plan to lose its qualified status. No liability to the PBGC (other than required premium
payments), the Internal Revenue Service, any Employee Benefit Plan or any trust established under
Title IV of ERISA has been or is expected to be incurred by Holdings, any of its Subsidiaries or
any of their ERISA Affiliates other than contribution and expense reimbursement in the ordinary
course. No ERISA Event has occurred or is reasonably expected to occur. Except to the extent
disclosed on Schedule 4.20 or as required under Section 4980B of the Internal Revenue Code or
similar state laws, no Employee Benefit Plan provides health or welfare benefits (through the
purchase of insurance or otherwise) for any retired or former employee of Holdings, any of its
Subsidiaries or any of their respective ERISA Affiliates. The present value of the aggregate
benefit liabilities under each Pension Plan sponsored or maintained by Holdings, any of its
Subsidiaries or any of their ERISA Affiliates, (determined as of the end of the most recent plan
year on the basis of the actuarial assumptions specified for funding purposes in the most recent
actuarial valuation for such Pension Plan), did not exceed the aggregate current value of the
assets of such Pension Plan. As of the most recent valuation date for each Multiemployer Plan for
which the actuarial report is available, the potential liability of Holdings, its Subsidiaries and
their respective ERISA Affiliates for a complete withdrawal from such Multiemployer Plan (within
the meaning of Section 4203 of ERISA), when aggregated with such potential liability for a complete
withdrawal from all Multiemployer Plans, based on information available pursuant to Section 4221(e)
of ERISA, does not exceed $1,500,000. Holdings, each of its Subsidiaries and each of their ERISA
Affiliates have complied with the requirements of Section 515 of ERISA with respect to each
Multiemployer Plan and are not in material “default” (as defined in Section 4219(c)(5) of ERISA)
with respect to payments to a Multiemployer Plan.

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     4.21. Certain Fees. No broker’s or finder’s fee or commission will be payable with respect
hereto or any of the transactions contemplated hereby.

     4.22. Solvency. Each Credit Party is and, upon the incurrence of any Obligation by such
Credit Party on any date on which this representation and warranty is made, will be, Solvent.

4.23. Related Agreements.

          (a) Delivery. Holdings and Company have delivered to Syndication Agent and
Administrative Agent complete and correct copies of (i) each Related Agreement and of all exhibits
and schedules thereto as of the date hereof and (ii) copies of any material amendment, restatement,
supplement or other modification to or waiver of each Related Agreement entered into after the date
hereof.

          (b) Representations and Warranties. Except to the extent otherwise expressly set
forth herein or in the schedules hereto, and subject to the qualifications set forth therein, each
of the representations and warranties given by any Credit Party in any Related Agreement is true
and correct in all material respects as of the Effective Date (or as of any earlier date to which
such representation and warranty specifically relates). Notwithstanding anything in the Related
Agreement to the contrary, the representations and warranties of each Credit Party set forth in
this Section 4.23 shall, solely for purposes hereof, survive the Effective Date for the benefit of
Lenders.

          (c) Governmental Approvals. All Governmental Authorizations and all other
authorizations, approvals and consents of any other Person required by the Related Agreements have
been obtained and are in full force and effect.

     4.24. Compliance with Statutes, etc. Each of Holdings and its Subsidiaries is in compliance
with all applicable statutes, regulations and orders of, and all applicable restrictions imposed
by, all Governmental Authorities, in respect of the conduct of its business and the ownership of
its property (including compliance with all applicable Environmental Laws with respect to any Real
Estate Asset or governing its business and the requirements of any permits issued under such
Environmental Laws with respect to any such Real Estate Asset or the operations of Holdings or any
of its Subsidiaries), except such non-compliance that could not reasonably be expected to result in
a Material Adverse Effect.

     4.25. Disclosure. No representation or warranty of any Credit Party contained in any Credit
Document or in any other documents, certificates or written statements furnished to Lenders by or
on behalf of Holdings or any of its Subsidiaries for use in connection with the transactions
contemplated hereby contains any untrue statement of a material fact or omits to state a material
fact (known to Holdings or Company, in the case of any document not furnished by either of them)
necessary in order to make the statements contained herein or therein not misleading in light of
the circumstances in which the same were made. Any projections and pro forma financial information
contained in such materials are based upon good faith estimates and assumptions believed by
Holdings or Company to be reasonable at the time made, it being

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recognized by Lenders that such
projections as to future events are not to be viewed as facts and that actual results during the
period or periods covered by any such projections may differ from the projected results. There are
no facts known (or which should upon the reasonable exercise of diligence be known) to Holdings or
Company (other than matters of a general economic nature) that, individually or in the aggregate,
could reasonably be expected to result in a Material Adverse Effect and that have not been
disclosed herein or in such other documents, certificates and statements furnished to Lenders for
use in connection with the transactions contemplated hereby.

     4.26. Existing Seller Subordinated Notes and Existing Earn-Out Obligations. Holdings and Company have delivered to Syndication Agent and Administrative Agent complete
and correct copies of (i) each document evidencing the Existing Seller Subordinated Notes and the
Existing Earn-Out Obligations and (ii) copies of any amendment, restatement, supplement or other
modification to or waiver of any such document entered into after the date hereof.

SECTION 5. AFFIRMATIVE COVENANTS

     Each Credit Party covenants and agrees that so long as any Commitment is in effect and until
payment in full of all Obligations and cancellation or expiration of all Letters of Credit, each
Credit Party shall perform, and shall cause each of its Subsidiaries to perform, all covenants in
this Section 5.

     5.1. Financial Statements and Other Reports. Holdings will deliver to Administrative Agent
and Lenders:

          (a) Monthly Reports. As soon as available, and in any event within thirty (30) days
after the end of each month ending after the Effective Date, the consolidated balance sheet of
Holdings and its Subsidiaries as at the end of such month and the related consolidated statements
of income, members’ equity and cash flows of Holdings and its Subsidiaries for such month and for
the period from the beginning of the then current Fiscal Year to the end of such month, setting
forth in each case in comparative form the corresponding figures for the corresponding periods of
the previous Fiscal Year and the corresponding figures from the Financial Plan for the current
Fiscal Year, to the extent prepared on a monthly basis, all in reasonable detail, together with a
Financial Officer Certification and a Narrative Report with respect thereto;

          (b) Quarterly Financial Statements. As soon as available, and in any event within
forty-five (45) days after the end of each of the first three Fiscal Quarters of each Fiscal Year,
the consolidated and consolidating balance sheets of Holdings and its Subsidiaries as at the end of
such Fiscal Quarter and the related consolidated (and with respect to statements of income,
consolidating) statements of income, members’ equity and cash flows of Holdings and its
Subsidiaries for such Fiscal Quarter and for the period from the beginning of the then current
Fiscal Year to the end of such Fiscal Quarter, setting forth in each case in comparative form the
corresponding figures for the corresponding periods of the previous Fiscal Year and the

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corresponding figures from the Financial Plan for the current Fiscal Year, all in reasonable
detail, together with a Financial Officer Certification and a Narrative Report with respect
thereto;

          (c) Annual Financial Statements. As soon as available, and in any event within ninety
(90) days after the end of each Fiscal Year, (i) the consolidated and consolidating balance sheets
of Holdings and its Subsidiaries as at the end of such Fiscal Year and the related consolidated
(and with respect to statements of income, consolidating) statements of income, members’ equity and
cash flows of Holdings and its Subsidiaries for such Fiscal Year, setting forth in each case in
comparative form the corresponding figures for the previous Fiscal Year and the corresponding
figures from the Financial Plan for the Fiscal Year covered by such
financial statements, in reasonable detail, together with a Financial Officer Certification
and a Narrative Report with respect thereto; and (ii) with respect such consolidated financial
statements a report thereon of PricewaterhouseCoopers LLP or other independent certified public
accountants of recognized national standing selected by Holdings, and reasonably satisfactory to
Administrative Agent (which report shall be unqualified as to going concern and scope of audit, and
shall state that such consolidated financial statements fairly present, in all material respects,
the consolidated financial position of Holdings and its Subsidiaries as at the dates indicated and
the results of their operations and their cash flows for the periods indicated in conformity with
GAAP applied on a basis consistent with prior years (except as otherwise disclosed in such
financial statements) and that the examination by such accountants in connection with such
consolidated financial statements has been made in accordance with generally accepted auditing
standards) together with a written statement by such independent certified public accountants
stating (1) that their audit examination has included a review of the terms of the Credit
Documents, (2) whether, in connection therewith, any condition or event that constitutes a Default
or an Event of Default has come to their attention and, if such a condition or event has come to
their attention, specifying the nature and period of existence thereof, and (3) that nothing has
come to their attention that causes them to believe that the information contained in any
Compliance Certificate is not correct or that the matters set forth in such Compliance Certificate
are not stated in accordance with the terms hereof;

          (d) Compliance Certificate. Together with each delivery of financial statements of
Holdings and its Subsidiaries pursuant to Sections 5.1(b) and 5.1(c), a duly executed and completed
Compliance Certificate;

          (e) Statements of Reconciliation after Change in Accounting Principles. If, as a
result of any change in accounting principles and policies from those used in the preparation of
the Historical Financial Statements, the consolidated financial statements of Holdings and its
Subsidiaries delivered pursuant to Section 5.1(b) or 5.1(c) will differ in any material respect
from the consolidated financial statements that would have been delivered pursuant to such
subdivisions had no such change in accounting principles and policies been made, then, together
with the first delivery of such financial statements after such change, one or more statements of
reconciliation for all such prior financial statements in form and substance satisfactory to
Administrative Agent;

          (f) Notice of Default. Promptly upon any officer of Holdings or Company obtaining
knowledge (i) of any condition or event that constitutes a Default or an Event of

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Default or that
notice has been given to Holdings or Company with respect thereto; (ii) that any Person has given
any notice to Holdings or any of its Subsidiaries or taken any other action with respect to any
event or condition set forth in Section 8.1(b); or (iii) of the occurrence of any event or change
that has caused or evidences, either in any case or in the aggregate, a Material Adverse Effect, a
certificate of its Authorized Officers specifying the nature and period of existence of such
condition, event or change, or specifying the notice given and action taken by any such Person and
the nature of such claimed Event of Default, Default, default, event or condition, and what action
Company has taken, is taking and proposes to take with respect thereto;

          (g) Notice of Litigation. Promptly upon any officer of Holdings or Company obtaining
knowledge of (i) the institution of, or non-frivolous threat of, any Adverse Proceeding not
previously disclosed in writing by Company to Lenders, or (ii) any material development in any
Adverse Proceeding that, in the case of either (i) or (ii) if adversely determined, could be
reasonably expected to have a Material Adverse Effect, or seeks to enjoin or otherwise prevent the
consummation of, or to recover any damages or obtain relief as a result of, the transactions
contemplated hereby, written notice thereof together with such other information as may be
reasonably available to Holdings or Company to enable Lenders and their counsel to evaluate such
matters;

          (h) ERISA. (i) Promptly upon becoming aware of the occurrence of or forthcoming
occurrence of any ERISA Event, a written notice specifying the nature thereof, what action
Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates has taken, is taking
or proposes to take with respect thereto and, when known, any action taken or threatened by the
Internal Revenue Service, the Department of Labor or the PBGC with respect thereto; and (ii) with
reasonable promptness, copies of (1) each Schedule B (Actuarial Information) to the annual report
(Form 5500 Series) filed by Holdings, any of its Subsidiaries or any of their respective ERISA
Affiliates with the Internal Revenue Service with respect to each Pension Plan; (2) all notices
received by Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates from a
Multiemployer Plan sponsor concerning an ERISA Event; and (3) copies of such other documents or
governmental reports or filings relating to any Employee Benefit Plan as Administrative Agent shall
reasonably request;

          (i) Financial Plan. As soon as practicable and in any event no later than thirty (30)
days after the beginning of each Fiscal Year, a consolidated plan and financial forecast for such
Fiscal Year and each Fiscal Year (or portion thereof) through the final maturity date of the Loans
(a “Financial Plan”), including (i) a forecasted consolidated balance sheet and forecasted
consolidated statements of income and cash flows of Holdings and its Subsidiaries for each such
Fiscal Year, together with pro forma Compliance Certificates for each such Fiscal Year and an
explanation of the assumptions on which such forecasts are based, (ii) forecasted consolidated
statements of income and cash flows of Holdings and its Subsidiaries for each month of such Fiscal
Year, (iii) forecasts demonstrating projected compliance with the requirements of Section 6.8
through the final maturity date of the Loans and (iv) forecasts demonstrating adequate liquidity
through the final maturity date of the Loans without giving effect to any additional debt or equity
offerings not reflected in the Projections, together, in each case, with an explanation of

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the
assumptions on which such forecasts are based all in form and substance reasonably satisfactory to
Agents;

          (j) Insurance Report. As soon as practicable and in any event by the last day of each
Fiscal Year, a report in form and substance satisfactory to Administrative Agent outlining all
material insurance coverage maintained as of the date of such report by Holdings and its
Subsidiaries and all material insurance coverage planned to be maintained by Holdings and its
Subsidiaries in the immediately succeeding Fiscal Year;

          (k) Notice of Change in Managers or Board of Advisors. With reasonable promptness,
written notice of any change in the managers or board of advisors (or similar governing body) of
Holdings or Company;

          (l) Notice Regarding Material Contracts. Promptly, and in any event within ten
Business Days (i) after any Material Contract of Holdings or any of its Subsidiaries is terminated
or amended in a manner that is materially adverse to Holdings or such Subsidiary, as the case may
be, or (ii) any new Material Contract is entered into, a written statement describing such event,
with copies of such material amendments or new contracts, delivered to Administrative Agent (to the
extent such delivery is permitted by the terms of any such Material Contract, provided, no such
prohibition on delivery shall be effective if it were bargained for by Holdings or its applicable
Subsidiary with the intent of avoiding compliance with this Section 5.1(l));

          (m) Environmental Reports and Audits. As soon as practicable following receipt
thereof, copies of all environmental audits and reports with respect to environmental matters at
any Facility or which relate to any environmental liabilities of Holdings or its Subsidiaries
which, in any such case, individually or in the aggregate, could reasonably be expected to result
in a Material Adverse Effect;

          (n) Information Regarding Collateral. (a) Company will furnish to Collateral Agent
prompt written notice of any change (i) in any Credit Party’s corporate name, (ii) in any Credit
Party’s identity or corporate structure or (iii) in any Credit Party’s Federal Taxpayer
Identification Number. Company agrees not to effect or permit any change referred to in the
preceding sentence unless all filings have been made under the Uniform Commercial Code 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 and for the Collateral at
all times following such change to have a valid, legal and perfected security interest as
contemplated in the Collateral Documents. Company also agrees promptly to notify Collateral Agent
if any material portion of the Collateral is damaged or destroyed;

          (o) Annual Collateral Verification. Each year, at the time of delivery of annual
financial statements with respect to the preceding Fiscal Year pursuant to Section 5.1(c), Company
shall deliver to Collateral Agent an Officer’s Certificate (i) either confirming that there has
been no material change in such information since the date of the Collateral Questionnaire
delivered on the Closing Date or the date of the most recent certificate delivered pursuant to this
Section and/or identifying such changes and (ii) certifying that all Uniform Commercial Code
financing statements (including fixtures filings, as applicable) or other appropriate filings,

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recordings or registrations, have been filed of record in each governmental, municipal or other
appropriate office in each jurisdiction identified pursuant to clause (i) above to the extent
necessary to protect and perfect the security interests under the Collateral Documents for a period
of not less than 18 months after the date of such certificate (except as noted therein with respect
to any continuation statements to be filed within such period); and

          (p) Other Information. (A) Promptly upon their becoming available, copies of (i) all
financial statements, reports, notices and proxy statements sent or made available generally by
Holdings to its security holders acting in such capacity or by any Subsidiary of Holdings to its
security holders other than Holdings or another Subsidiary of Holdings, (ii) all regular and
periodic reports and all registration statements and prospectuses, if any, filed by Holdings or any
of its Subsidiaries with any securities exchange or with the Securities and Exchange Commission or
any governmental or private regulatory authority, (iii) all press releases and other statements
made available generally by Holdings or any of its Subsidiaries to the public concerning material
developments in the business of Holdings or any of its Subsidiaries, and (B) such other information
and data with respect to Holdings or any of its Subsidiaries as from time to time may be reasonably
requested by Administrative Agent or any Lender.

     5.2. Existence. Except as otherwise permitted under Section 6.9, each Credit Party will, and
will cause each of its Subsidiaries to, at all times preserve and keep in full force and effect its
existence and all rights and franchises, licenses and permits material to its business;
provided, no Credit Party or any of its Subsidiaries shall be required to preserve any such
existence, right or franchise, licenses and permits if such Person’s board of directors (or similar
governing body) shall determine that the preservation thereof is no longer desirable in the conduct
of the business of such Person, and that the loss thereof is not disadvantageous in any material
respect to such Person or to Lenders.

     5.3. Payment of Taxes and Claims. Each Credit Party will, and will cause each of its
Subsidiaries to, pay all Taxes imposed upon it or any of its properties or assets or in respect of
any of its income, businesses or franchises before any penalty or fine accrues thereon, and all
claims (including claims for labor, services, materials and supplies) for sums that have become due
and payable and that by law have or may become a Lien upon any of its properties or assets, prior
to the time when any penalty or fine shall be incurred with respect thereto; provided, no
such Tax or claim need be paid if it is being contested in good faith by appropriate proceedings
promptly instituted and diligently conducted, so long as (a) adequate reserve or other appropriate
provision, as shall be required in conformity with GAAP shall have been made therefore, and (b) in
the case of a Tax or claim which has or may become a Lien against any of the Collateral, such
contest proceedings conclusively operate to stay the sale of any portion of the Collateral to
satisfy such Tax or claim. No Credit Party will, nor will it permit any of its Subsidiaries to,
file or consent to the filing of any consolidated income tax return with any Person (other than
Holdings or any of its Subsidiaries).

     5.4. Maintenance of Properties. Each Credit Party will, and will cause each of its
Subsidiaries to, maintain or cause to be maintained in good repair, working order and condition,
ordinary wear and tear excepted, all material properties used or useful in the business of

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Holdings
and its Subsidiaries and from time to time will make or cause to be made all appropriate repairs,
renewals and replacements thereof.

     5.5. Insurance. Holdings will maintain or cause to be maintained, with financially sound and reputable
insurers, such public liability insurance, third party property damage insurance, business
interruption insurance and casualty insurance with respect to liabilities, losses or damage in
respect of the assets, properties and businesses of Holdings and its Subsidiaries as may
customarily be carried or maintained under similar circumstances by Persons of established
reputation engaged in similar businesses, in each case in such amounts (giving effect to
self-insurance), with such deductibles, covering such risks and otherwise on such terms and
conditions as shall be customary for such Persons. Without limiting the generality of the
foregoing, Holdings will maintain or cause to be maintained (a) flood insurance with respect to
each Flood Hazard Property that is located in a community that participates in the National Flood
Insurance Program, in each case in compliance with any applicable regulations of the Board of
Governors of the Federal Reserve System, and (b) replacement value casualty insurance on the
Collateral under such policies of insurance, with such insurance companies, in such amounts, with
such deductibles, and covering such risks as are at all times carried or maintained under similar
circumstances by Persons of established reputation engaged in similar businesses. Each such policy
of insurance shall (i) name Administrative Agent, on behalf of Lenders as an additional insured
thereunder as its interests may appear and (ii) in the case of each casualty insurance policy,
contain a loss payable clause or endorsement, satisfactory in form and substance to Administrative
Agent, that names Administrative Agent, on behalf of Lenders as the loss payee thereunder and
provides for at least thirty days’ prior written notice to Administrative Agent of any modification
or cancellation of such policy.

     5.6. Inspections. Each Credit Party will, and will cause each of its Subsidiaries to, permit
any authorized representatives designated by any Lender to visit and inspect any of the properties
of any Credit Party and any of its respective Subsidiaries, to inspect, copy and take extracts from
its and their financial and accounting records, and to discuss its and their affairs, finances and
accounts with its and their officers and independent public accountants, all upon reasonable notice
and at such reasonable times during normal business hours and as often as may reasonably be
requested.

     5.7. Lenders Meetings. Holdings and Company will, upon the request of Administrative Agent or
Requisite Lenders, participate in a meeting of Administrative Agent and Lenders once during each
Fiscal Year to be held at Company’s corporate offices (or at such other location as may be agreed
to by Company and Administrative Agent) at such time as may be agreed to by Company and
Administrative Agent.

     5.8. Compliance with Laws. Each Credit Party will comply, and shall cause each of its
Subsidiaries and all other Persons, if any, on or occupying any Facilities to comply, with the
requirements of all applicable laws, rules, regulations and orders of any Governmental Authority
(including all Environmental Laws), noncompliance with which could reasonably be expected to have,
individually or in the aggregate, a Material Adverse Effect.

     5.9. Environmental.

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          (a) Environmental Disclosure. Holdings will deliver to Administrative Agent and
Lenders:

          (i) as soon as practicable following receipt thereof, copies of all environmental
audits, investigations, analyses and reports of any kind or character, whether prepared by
personnel of Holdings or any of its Subsidiaries or by independent consultants, Governmental
Authorities or any other Persons, with respect to environmental matters at any Facility
which could reasonably be expected to have, either individually or in the aggregate, a
Material Adverse Effect or with respect to any Environmental Claims which could reasonably
be expected to have, either individually or in the aggregate, a Material Adverse Effect;

          (ii) promptly upon the occurrence thereof, written notice describing in reasonable
detail (1) any Release required to be reported to any federal, state or local governmental
or regulatory agency under any applicable Environmental Laws, (2) any remedial action taken
by Holdings or any other Person in response to (A) any Hazardous Materials Activities the
existence of which has a reasonable possibility of resulting in one or more Environmental
Claims having, individually or in the aggregate, a Material Adverse Effect, or (B) any
Environmental Claims that, individually or in the aggregate, have a reasonable possibility
of resulting in a Material Adverse Effect, and (3) Holdings or Company’s discovery of any
occurrence or condition on any real property adjoining or in the vicinity of any Facility
that could cause such Facility or any part thereof to be subject to any material
restrictions on the ownership, occupancy, transferability or use thereof under any
Environmental Laws;

          (iii) as soon as practicable following the sending or receipt thereof by Holdings or
any of its Subsidiaries, a copy of any and all written communications with respect to (1)
any Environmental Claims that, individually or in the aggregate, have a reasonable
possibility of giving rise to a Material Adverse Effect, (2) any Release required to be
reported to any federal, state or local governmental or regulatory agency, and (3) any
request for information from any governmental agency that suggests such agency is
investigating whether Holdings or any of its Subsidiaries may be potentially responsible for
any material Hazardous Materials Activity;

          (iv) prompt written notice describing in reasonable detail (1) any proposed acquisition
of stock, assets, or property by Holdings or any of its Subsidiaries that could reasonably
be expected to (A) expose Holdings or any of its Subsidiaries to, or result in,
Environmental Claims that could reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect or (B) affect the ability of Holdings or any of its
Subsidiaries to maintain in full force and effect all material Governmental Authorizations
required under any Environmental Laws for their respective operations and (2) any proposed
action to be taken by Holdings or any of its Subsidiaries to modify
current operations in a manner that could reasonably be expected to subject Holdings or
any of its Subsidiaries to any additional material obligations or requirements under any
Environmental Laws; and

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          (v) with reasonable promptness, such other documents and information as from time to
time may be reasonably requested by Administrative Agent in relation to any matters
disclosed pursuant to this Section 5.9(a).

          (b) Hazardous Materials Activities, Etc. Each Credit Party shall promptly take, and
shall cause each of its Subsidiaries promptly to take, any and all actions necessary to (i) cure
any violation of applicable Environmental Laws by such Credit Party or its Subsidiaries that could
reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, and
(ii) make an appropriate response to any Environmental Claim against such Credit Party or any of
its Subsidiaries and discharge any obligations it may have to any Person thereunder where failure
to do so could reasonably be expected to have, individually or in the aggregate, a Material Adverse
Effect.

     5.10. Subsidiaries. In the event that any Person becomes a Domestic Subsidiary of Company,
Company shall (a) promptly cause such Domestic Subsidiary to become a Guarantor hereunder and a
Grantor under the Pledge and Security Agreement by executing and delivering to Administrative Agent
and Collateral Agent a Counterpart Agreement, and (b) take all such actions and execute and
deliver, or cause to be executed and delivered, all such documents, instruments, agreements, and
certificates as are similar to those described in Sections 3.1(b), 3.1(i) (with respect to a
Material Real Estate Asset), 3.1(j), 3.1(k) and 3.1(n). In the event that any Person becomes a
Foreign Subsidiary of Company, and the ownership interests of such Foreign Subsidiary are owned by
Company or by any Domestic Subsidiary thereof, Company shall, or shall cause such Domestic
Subsidiary to, deliver, all such documents, instruments, agreements, and certificates as are
similar to those described in Sections 3.1(b), and Company shall take, or shall cause such Domestic
Subsidiary to take, all of the actions referred to in Section 3.1(j)(i) necessary to grant and to
perfect a First Priority Lien in favor of Collateral Agent, for the benefit of Secured Parties,
under the Pledge and Security Agreement in 65% of such ownership interests. With respect to each
such Subsidiary, Company shall promptly send to Administrative Agent written notice setting forth
with respect to such Person (i) the date on which such Person became a Subsidiary of Company, and
(ii) all of the data required to be set forth in Schedules 4.1 and 4.2 with respect to all
Subsidiaries of Company; provided, such written notice shall be deemed to supplement
Schedule 4.1 and 4.2 for all purposes hereof.

     5.11. Additional Material Real Estate Assets. In the event that any Credit Party acquires a
Material Real Estate Asset or a Real Estate Asset owned or leased on the Effective Date becomes a
Material Real Estate Asset and such interest has not otherwise been made subject to the Lien of the
Collateral Documents in favor of Collateral Agent, for the benefit of Secured Parties, then such
Credit Party, contemporaneously with acquiring such Material Real Estate Asset, shall take all such
actions and execute and
deliver, or cause to be executed and delivered, all such mortgages, documents, instruments,
agreements, opinions and certificates similar to those described in Sections 3.1(i), 3.1(j) and
3.1(k) with respect to each such Material Real Estate Asset that Collateral Agent shall reasonably
request to create in favor of Collateral Agent, for the benefit of Secured Parties, a valid and,
subject to any filing and/or recording referred to herein, perfected First Priority security
interest in such Material Real Estate Assets. In addition to the foregoing, Company shall, at the
request of Requisite Lenders, deliver, from

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time to time, to Administrative Agent such appraisals
as are required by law or regulation of Real Estate Assets with respect to which Collateral Agent
has been granted a Lien.

     5.12. Interest Rate Protection. No later than ninety (90) days following the Closing Date,
Company shall maintain, or caused to be maintained, in effect one or more Interest Rate Agreements
for a term of not less than three years and otherwise in form and substance reasonably satisfactory
to Administrative Agent and Syndication Agent, such that not less than an aggregate notional
principal amount of 40% of the aggregate principal amount of the sum of (i) the Term Loans and (ii)
any Indebtedness incurred under the Second Lien Credit Agreement, in each case outstanding from
time to time (based on the assumption that such notional principal amount was a Eurodollar Rate
Loan with an Interest Period of three months).

     5.13. Further Assurances. At any time or from time to time upon the request of Administrative
Agent, each Credit Party will, at its expense, promptly execute, acknowledge and deliver such
further documents and do such other acts and things as Administrative Agent or Collateral Agent may
reasonably request in order to effect fully the purposes of the Credit Documents, including
providing Lenders with any information requested pursuant to Section 10.21. In furtherance and not
in limitation of the foregoing, each Credit Party shall take such actions as Administrative Agent
or Collateral Agent may reasonably request from time to time to ensure that the Obligations are
guarantied by the Guarantors and are secured by substantially all of the assets of Holdings, and
its Subsidiaries and all of the outstanding Capital Stock of Company and its Subsidiaries (subject
to limitations contained in the Credit Documents with respect to Foreign Subsidiaries).

     5.14. Miscellaneous Business Covenants. Unless otherwise consented to by Agents or Requisite
Lenders:

          (a) Non-Consolidation. Holdings will and will cause each of its Subsidiaries to: (i)
maintain entity records and books of account separate from those of any other entity which is an
Affiliate of such entity; (ii) not commingle its funds or assets with those of any other entity
which is an Affiliate of such entity; and (iii) provide that its board of directors or other
analogous governing body will hold all appropriate meetings to authorize and approve such entity’s
actions, which meetings will be separate from those of other entities.

          (b) Trade Accounts Payable. Each Credit Party will pay all trade accounts payable
before the same become more than 90 days past due, except (a) trade accounts payable
contested in good faith or (b) trade accounts payable in an aggregate amount not to exceed
$100,000 at any time outstanding and with respect to which no proceeding to enforce collection has
been commenced or, to the knowledge of such Credit Party, threatened.

          (c) Cash Management Systems. Holdings and its subsidiaries shall establish and
maintain cash management systems with a Lender reasonably acceptable to Agents.

          (d) Filing of Agreement. No later than the earlier of the next filing of a quarterly
report on Form 10Q or annual report on Form 10K, provided that Holdings or any of its
Subsidiaries is otherwise required to file periodic reports with the Securities and Exchange

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Commission, Holdings or such Subsidiaries shall file a copy of this Agreement and the schedules
hereto as a material contract with the Securities and Exchange Commission.

SECTION 6. NEGATIVE COVENANTS

     Each Credit Party covenants and agrees that, so long as any Commitment is in effect and until
payment in full of all Obligations and cancellation or expiration of all Letters of Credit, such
Credit Party shall perform, and shall cause each of its Subsidiaries to perform, all covenants in
this Section 6.

     6.1. Indebtedness. No Credit Party shall, nor shall it permit any of its Subsidiaries to,
directly or indirectly, create, incur, assume or guaranty, or otherwise become or remain directly
or indirectly liable with respect to any Indebtedness, except:

          (a) the Obligations;

          (b) (x) Indebtedness of any Guarantor Subsidiary to Company or to any other Guarantor
Subsidiary, or of Company to any Guarantor Subsidiary; provided, (i) all such Indebtedness
shall be evidenced by promissory notes and all such notes shall be subject to a First Priority Lien
pursuant to the Pledge and Security Agreement, (ii) all such Indebtedness shall be unsecured and
subordinated in right of payment to the payment in full of the Obligations pursuant to the terms of
the applicable promissory notes or an intercompany subordination agreement that in any such case,
is reasonably satisfactory to Administrative Agent, and (iii) any payment by any such Guarantor
Subsidiary under any guaranty of the Obligations shall result in a pro tanto reduction of the
amount of any Indebtedness owed by such Subsidiary to Company or to any of its Subsidiaries for
whose benefit such payment is made; and (y) Indebtedness of any Subsidiary of Company which is not
a Guarantor Subsidiary to any other Subsidiary of Company that is not a Guarantor Subsidiary;

          (c) (i) Indebtedness of Company or any of its Subsidiaries under any Seller Subordinated Notes
and under any Earn-Out Obligations and (ii) Indebtedness of Holdings under any Investor Notes;

          (d) Indebtedness incurred by Holdings or any of its Subsidiaries arising from agreements
providing for indemnification, adjustment of purchase price or similar obligations, or from
guaranties or letters of credit, surety bonds or performance bonds securing the performance of
Company or any such Subsidiary pursuant to such agreements, in connection with Permitted
Acquisitions or permitted dispositions of any business, assets or Subsidiary of Holdings or any of
its Subsidiaries;

          (e) Indebtedness which may be deemed to exist pursuant to any guaranties, performance, surety,
statutory, appeal or similar obligations incurred in the ordinary course of business;

          (f) Indebtedness in respect of netting services, overdraft protections and otherwise in
connection with deposit accounts;

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          (g) guaranties in the ordinary course of business of the obligations of suppliers, customers,
franchisees and licensees of Holdings and its Subsidiaries;

          (h) guaranties by Company of Indebtedness of a Guarantor Subsidiary or guaranties by a
Subsidiary of Company of Indebtedness of Company or a Guarantor Subsidiary with respect, in each
case, to Indebtedness otherwise permitted to be incurred pursuant to this Section 6.1;

          (i) Indebtedness described in Schedule 6.1, but not any extensions, renewals or replacements
of such Indebtedness;

          (j) Indebtedness with respect to Capital Leases in an aggregate amount not to exceed at any
time $40,000,000;

          (k) purchase money Indebtedness in an aggregate amount not to exceed at any time $3,000,000
(including any Indebtedness acquired in connection with a Permitted Acquisition); provided,
any such Indebtedness (i) shall be secured only to the asset acquired in connection with the
incurrence of such Indebtedness, and (ii) shall constitute not less than 100% of the aggregate
consideration paid with respect to such asset;

          (l) (i) Indebtedness of Company with respect to Additional Seller Subordinated Notes in an
aggregate amount not to exceed $30,000,000 at any time and (ii) Indebtedness of Company and ARC
Acquisition Corporation with respect to the Existing Seller Subordinated Notes;

          (m) (i) Indebtedness of Company with respect to Additional Earn-Out Obligations;
provided that such Additional Earn-Out Obligations also conform to the requirements of
clause (iv) of the definition of Permitted Acquisition and (ii) Indebtedness of Company and ARC
Acquisition Corporation with respect to Existing Earn-Out Obligations;

          (n) Indebtedness owed under the Second Lien Credit Agreement in an aggregate principal amount
not to exceed $225,000,000, and Indebtedness incurred to refinance such Indebtedness;
provided that, the terms and conditions of such Indebtedness are no less favorable
to the obligors thereon or to the Lenders than the Second Lien Credit Facility, the average
life to maturity thereof is greater than or equal to that of the Second Lien Credit Facility and
all other terms and provisions of such Indebtedness are reasonably acceptable to the Agents;

          (o) Indebtedness of Holdings with respect to any Investor Notes; and

          (p) other unsecured Indebtedness of Holdings and its Subsidiaries in an aggregate amount not
to exceed at any time $4,000,000.

     6.2. Liens. No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly
or indirectly, create, incur, assume or permit to exist any Lien on or with respect to any property
or asset of any kind (including any document or instrument in respect of goods or accounts
receivable) of Holdings or any of its Subsidiaries, whether now owned or hereafter acquired, or any
income or profits therefrom, or file or permit the filing of, or permit to remain in effect, any

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financing statement or other similar notice of any Lien with respect to any such property, asset,
income or profits under the UCC of any State or under any similar recording or notice statute,
except:

          (a) Liens in favor of Collateral Agent for the benefit of Secured Parties granted pursuant to
any Credit Document;

          (b) Liens for Taxes if obligations with respect to such Taxes are being contested in good
faith by appropriate proceedings promptly instituted and diligently conducted, so long as such
reserves or other appropriate provisions, if any, as shall be required by GAAP shall have been made
for any such contested amounts;

          (c) statutory Liens of landlords, banks (and rights of set-off), of carriers, warehousemen,
mechanics, repairmen, workmen and materialmen, and other Liens imposed by law (other than any such
Lien imposed pursuant to Section 401 (a)(29) or 412(n) of the Internal Revenue Code or by ERISA),
in each case incurred in the ordinary course of business (i) for amounts not yet overdue or (ii)
for amounts that are overdue and that (in the case of any such amounts overdue for a period in
excess of five days) are being contested in good faith by appropriate proceedings, so long as such
reserves or other appropriate provisions, if any, as shall be required by GAAP shall have been made
for any such contested amounts;

          (d) Liens incurred or deposits made in the ordinary course of business in connection with
workers’ compensation, unemployment insurance and other types of social security, or to secure the
performance of tenders, statutory obligations, surety and appeal bonds, bids, leases, government
contracts, trade contracts, performance and return-of-money bonds and other similar obligations
(exclusive of obligations for the payment of borrowed money or other Indebtedness), so long as no
foreclosure, sale or similar proceedings have been commenced with respect to any portion of the
Collateral on account thereof;

          (e) easements, rights-of-way, restrictions, encroachments, and other minor defects or
irregularities in title, in each case which do not and will not interfere in any material respect
with the ordinary conduct of the business of Holdings or any of its Subsidiaries;

          (f) any interest or title of a lessor or sublessor under any lease of real estate permitted
hereunder;

          (g) Liens solely on any cash earnest money deposits made by Holdings or any of its
Subsidiaries in connection with any letter of intent or purchase agreement permitted hereunder;

          (h) purported Liens evidenced by the filing of precautionary UCC financing statements relating
solely to operating and capital leases of personal property entered into in the ordinary course of
business;

          (i) Liens in favor of customs and revenue authorities arising as a matter of law to secure
payment of customs duties in connection with the importation of goods;

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          (j) any zoning or similar law or right reserved to or vested in any governmental office or
agency to control or regulate the use of any real property;

          (k) licenses of patents, trademarks and other intellectual property rights granted by Holdings
or any of its Subsidiaries in the ordinary course of business and not interfering in any respect
with the ordinary conduct of the business of Company or such Subsidiary;

          (l) Liens incurred in connection with the purchase or shipping of goods or assets on the
related assets and proceeds thereof in favor of the seller or shipper of such goods or assets;

          (m) Liens described in Schedule 6.2 or on a title report delivered pursuant to Section
3.1(i)(iv);

          (n) Liens securing Indebtedness permitted pursuant to 6.1(i) and in existence as of the
Closing Date;

          (o) Liens securing Indebtedness permitted pursuant to 6.1(k); provided, any such Lien
shall encumber only the asset acquired with the proceeds of such Indebtedness;

          (p) Liens on the collateral securing obligations under the Second Lien Credit Agreement;
provided that such Liens are subordinated to the Liens securing the Obligations in
accordance with the terms of the Intercreditor Agreement; and

          (q) other Liens on assets other than the Collateral securing Indebtedness in an aggregate
amount not to exceed $500,000 at any time outstanding.

     6.3. Equitable Lien. If any Credit Party or any of its Subsidiaries shall create or assume
any Lien upon any of its properties or assets, whether now owned or hereafter acquired, other than
Permitted Liens, it shall make or cause to be made effective provisions whereby the Obligations
will be secured by such Lien equally and ratably with any and all other Indebtedness secured
thereby as long as any such Indebtedness shall be so secured; provided, notwithstanding the
foregoing, this
covenant shall not be construed as a consent by Requisite Lenders to the creation or
assumption of any such Lien not otherwise permitted hereby.

     6.4. No Further Negative Pledges. Except (a) with respect to specific property encumbered to
secure payment of particular Indebtedness or to be sold pursuant to an executed agreement with
respect to a permitted Asset Sale, (b) with respect to restrictions by reason of customary
provisions restricting assignments, subletting or other transfers contained in leases, licenses and
similar agreements entered into in the ordinary course of business (provided that such restrictions
are limited to the property or assets secured by such Liens or the property or assets subject to
such leases, licenses or similar agreements, as the case may be) and (c) as otherwise provided
herein or in the Second Lien Credit Agreement, no Credit Party nor any of its Subsidiaries shall
enter into any agreement prohibiting the creation or assumption of any Lien upon any of its
properties or assets, whether now owned or hereafter acquired.

     6.5. Restricted Junior Payments. No Credit Party shall, nor shall it permit any of its
Subsidiaries or Affiliates through any manner or means or through any other Person to, directly

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or indirectly, declare, order, pay, make or set apart, or agree to declare, order, pay, make or set
apart, any sum for any Restricted Junior Payment except the following shall be permitted:

          (a) Company may make regularly scheduled payments in respect of any Subordinated Indebtedness
of Company and its Subsidiaries in accordance with the terms of, and only to the extent required
by, and subject to the subordination provisions contained in, the indenture or other agreement
pursuant to which such Subordinated Indebtedness was issued or is otherwise subject;

          (b) the Company may make required payments of principal and interest in respect of the
Indebtedness incurred under the Second Lien Credit Agreement and any refinancing thereof permitted
thereunder and hereunder;

          (c) Company may make Restricted Junior Payments to Holdings to permit the payment of
Management Fees so long as Holdings applies the amount of any such Restricted Junior Payment for
such purpose; provided, that at the time of such Restricted Junior Payment and immediately after
giving effect thereto, no Event of Default shall have occurred and be continuing under Section
8.1(a) or as a result of the failure of any Credit Party to perform or comply with any term or
condition contained in Section 6.5; provided, further, that any payments of Management Fees which
were not permitted to be made as a result of the application of the immediately preceding proviso
or this proviso shall accrue and may be paid upon the waiver or cure of the applicable Events of
Default related thereto provided that at the time of such Restricted Junior Payment and immediately
after giving effect thereto, no Event of Default shall have occurred and be continuing under
Section 8.1(a) or as a result of the failure of any Credit Party to perform or comply with any term
or condition contained in Section 6.5;

          (d) with respect to periods during which (i) both Company and Holdings are treated as
partnerships within the meaning of the Internal Revenue Code, (not including publicly traded
partnerships taxable as corporations) or (ii) Company is disregarded as an entity separate from
Holdings for federal income tax purposes pursuant to Treas. Reg. Section 301.7701-3 (or any
successor provision) (x) Company may make Restricted Junior Payments to Holdings to the extent
required to permit Holdings to, and Holdings may, make the Permitted Tax Distributions to Holdings’
members so long as Holdings applies the amount of any such Restricted Junior Payment for such
purpose; and (y) on each date on which a Permitted Tax Distribution to Holdings’ members is made,
Company may make Restricted Junior Payments to Holdings to the extent required to permit the
payment by Holdings of cash in respect of interest on the Investor Notes in accordance with the
terms of the Investor Notes so long as Holdings applies the amount of any such Restricted Junior
Payment for such purpose and Holdings may make such payments; provided that the amount of any
Restricted Junior Payment made pursuant to this clause (y) shall not exceed the Investor Note Tax
Benefit Amount (the amount of any Restricted Junior Payment made under this clause (y), the
“Permitted Investor Note Tax Distribution Amount”);

          (e) so long as no Default or Event of Default shall have occurred and be continuing or shall
be caused thereby, Company may make Restricted Junior Payments to Holdings (i) in an aggregate
amount not to exceed $100,000 in any Fiscal Year, to the extent necessary to permit Holdings to pay
general administrative costs and expenses;

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          (f) Company may make Restricted Junior Payments to Holdings to the extent required to permit
Holdings to repurchase its Capital Stock, in each case from deceased, disabled, terminated or
retired officers, directors, consultants or employees of Holdings and its Subsidiaries, so long as
Holdings applies the amount of such Restricted Junior Payment for such purpose; provided,
that (x) at the time of each such Restricted Junior Payment and immediately after giving effect
thereto, no Default or Event of Default shall have occurred and be continuing and (y) the aggregate
amount of Restricted Junior Payments made pursuant to this clause (f) shall not exceed $750,000 in
any Fiscal Year;

          (g) Company may make Restricted Junior Payments with respect to cash payments in respect of
Additional Earn-Out Obligations in an aggregate amount not to exceed in any Fiscal Year the
aggregate amount corresponding to such Fiscal Year set forth on Schedule 6.5(g); and

          (h) AR Holdings may make Restricted Junior Payments to certain holders of preferred Capital
Stock of AR Holdings in an amount not to exceed $28,500,000 using solely the proceeds of the
Initial Public Offering, so long as (x) the requirements of Section 2.14(c) of the Credit Agreement
and Section 2.14(c) of the Second Lien Credit Agreement are met and all prepayments required
thereby have been paid and (y) at the time of each such Restricted Junior Payment and immediately
after giving effect thereto, no Default or Event of Default shall have occurred and be continuing.

     6.6. Restrictions on Subsidiary Distributions. Except as provided herein, no Credit Party shall,
nor shall it permit any of its Subsidiaries to, create or otherwise cause or suffer
to exist or become effective any consensual encumbrance or restriction of any
kind on the ability of any Subsidiary of Company to (a) pay dividends or make
any other distributions on any of such Subsidiary’s Capital Stock owned by
Company or any other Subsidiary of Company, (b) repay or prepay any Indebtedness owed by such
Subsidiary to Company or any other Subsidiary of Company, (c) make loans or advances to Company or
any other Subsidiary of Company, or (d) transfer any of its property or assets to Company or any
other Subsidiary of Company other than restrictions (i) in agreements evidencing Indebtedness
permitted by Section 6.1(k) that impose restrictions on the property so acquired and (ii) by reason
of customary provisions restricting assignments, subletting or other transfers contained in leases,
licenses, joint venture agreements and similar agreements entered into in the ordinary course of
business, and (iii) that are or were created by virtue of any transfer of, agreement to transfer or
option or right with respect to any property, assets or Capital Stock not otherwise prohibited
under this Agreement.

     6.7. Investments. No Credit Party shall, nor shall it permit any of its Subsidiaries to,
directly or indirectly, make or own any Investment in any Person, including without limitation any
Joint Venture, except:

          (a) Investments in Cash and Cash Equivalents;

          (b) equity Investments owned as of the Closing Date in any Subsidiary and Investments made
after the Closing Date in wholly-owned Subsidiaries of Company;

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          (c) Investments (i) in accounts receivable arising and trade credit granted, in each case, in
the ordinary course of business and in any Securities received in satisfaction or partial
satisfaction thereof from financially troubled account debtors and (ii) deposits, prepayments and
other credits to suppliers made in the ordinary course of business consistent with the past
practices of Holdings and its Subsidiaries;

          (d) intercompany loans to the extent permitted under Section 6.1(b);

          (e) Consolidated Capital Expenditures permitted by Section 6.8(e);

          (f) loans and advances to employees of Holdings and its Subsidiaries made in the ordinary
course of business in an aggregate principal amount not to exceed at any time $1,000,000
outstanding in the aggregate;

          (g) Investments made in connection with Permitted Acquisitions permitted pursuant to Section
6.9;

          (h) Investments described in Schedule 6.7; and

          (i) other Investments in an aggregate amount not to exceed at any time $1,000,000.

Notwithstanding the foregoing, in no event shall any Credit Party make any Investment which results
in or facilitates in any manner any Restricted Junior payment not otherwise permitted under the
terms of Section 6.5.

6.8. Financial Covenants.

          (a) Interest Coverage Ratio. Holdings shall not permit the Interest Coverage Ratio as
of the last day of any Fiscal Quarter (which last day occurs in any period set forth below),
beginning with the Fiscal Quarter ending June 30, 2005, to be less than the correlative ratio
indicated:

	 	 	 
	 	 	Interest
	Period	 	Coverage Ratio
	Effective Date – December 31, 2005
	 	1.70:1.00
	January 1, 2006 – December 31, 2006
	 	1.75:1.00
	January 1, 2007 – June 30, 2007
	 	1.80:1.00
	July 1, 2007 – December 31, 2007
	 	1.90:1.00
	January 1, 2008 – March 31, 2008
	 	2.00:1.00
	April 1, 2008 – June 30, 2008
	 	2.10:1.00
	July 1, 2008 – September 30, 2008
	 	2.20:1.00

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	 	 	Interest
	Period	 	Coverage Ratio
	October 1, 2008 – December 31, 2008
	 	2.30:1.00
	January 1, 2009 – March 31, 2009
	 	2.40:1.00
	Thereafter
	 	2.50:1.00

          (b) Fixed Charge Coverage Ratio. Holdings shall not permit the Fixed Charge Coverage
Ratio as of the last day of any Fiscal Quarter (which last day occurs in any period set forth
below), beginning with the Fiscal Quarter ending June 30, 2005, to be less than the correlative
ratio indicated:

	 	 	 
	 	 	Fixed Charge
	Period	 	Coverage Ratio
	June 30, 2005 and thereafter
	 	1.10:1.00

          (c) Leverage Ratio. Holdings shall not permit the Leverage Ratio as of the last day
of any Fiscal Quarter (which last day occurs in any period set forth below), beginning with the
Fiscal Quarter ending June 30, 2005, to exceed the correlative ratio indicated:

	 	 	 
	Period	 	Leverage Ratio
	Effective Date – March 31, 2007
	 	3.75:1.00
	April 1, 2007 – June 30, 2007
	 	3.70:1.00
	July 1, 2007 – September 30, 2007
	 	3.60:1.00
	October 1, 2007 – December 31, 2007
	 	3.50:1.00
	January 1, 2008 – March 31, 2008
	 	3.40:1.00
	April 1, 2008 – June 30, 2008
	 	3.20:1.00
	July 1, 2008 – September 30, 2008
	 	3.00:1.00
	October 1, 2008 – December 31, 2008
	 	2.80:1.00
	January 1, 2009 – March 31, 2009
	 	2.60:1.00
	Thereafter
	 	2.40:1.00

          (d) First Priority Senior Debt Leverage Ratio. Holdings shall not permit the First
Priority Senior Debt Leverage Ratio as of the last day of any Fiscal Quarter (which last day occurs
in any period set forth below), beginning with the Fiscal Quarter ending June 30, 2005, to exceed
the correlative ratio indicated:

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	Fiscal	 	Senior Debt
	Quarter	 	Leverage Ratio
	Effective Date – June 30, 2005
	 	1.70:1.00
	July 1, 2005 – December 31, 2005
	 	1.65:1.00
	January 1, 2006 – March 31, 2006
	 	1.60:1.00
	April 1, 2006 – December 31, 2006
	 	1.50:1.00
	January 1, 2007 – March 31, 2008
	 	1.25:1.00
	April 1, 2008 – September 30, 2008
	 	1.10:1.00
	Thereafter
	 	1.00:1.00

          (e) Maximum Consolidated Capital Expenditures. Holdings shall not, and shall not
permit its Subsidiaries to, make or incur Consolidated Capital Expenditures, in any Fiscal Year
indicated below, in an aggregate amount for Holdings and its Subsidiaries in excess of the
corresponding amount set forth below opposite such Fiscal Year; provided, such amount for
any Fiscal Year shall be increased by an amount equal to the excess, if any, (but in no event more
than $1,000,000) of such amount for the previous Fiscal Year (as adjusted in accordance with this
proviso) over the actual amount of Consolidated Capital Expenditures for such previous Fiscal Year:

	 	 	 	 	 
	Fiscal	 	Consolidated	 
	Year	 	Capital Expenditures	 
	2005
	 	$	20,000,000	 
	2006
	 	$	20,000,000	 
	2007
	 	$	20,000,000	 
	2008
	 	$	20,000,000	 
	2009
	 	$	11,000,000	 

          (f) Certain Calculations. With respect to any period during which a Permitted
Acquisition or an Asset Sale has occurred (each, a “Subject Transaction"), for purposes of
determining compliance with (i) the financial covenants set forth in this Section 6.8 (but not for
purposes of determining the Applicable Margin) and (ii) clause “vii” of the definition of Permitted
Acquisition, Consolidated Adjusted EBITDA and the components of Consolidated Fixed Charges shall be
calculated with respect to such period on a pro forma basis (including pro forma adjustments
arising out of events which are directly attributable to a specific transaction, are factually
supportable and are expected to have a continuing impact, in each case determined on a basis
consistent with Article 11 of Regulation S-X promulgated under the Securities Act and as
interpreted by the staff of the Securities and Exchange Commission, which would include cost

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savings resulting from head count reduction, closure of facilities and similar restructuring
charges, which pro forma adjustments shall be certified by the chief financial officer of Holdings)
using the historical audited financial statements of any business so acquired or to be acquired or
sold or to be sold and the consolidated financial statements of Holdings and its Subsidiaries which
shall be reformulated as if such Subject Transaction, and any Indebtedness incurred or repaid in
connection therewith, had been consummated or incurred or repaid at the beginning of such period
(and assuming that such Indebtedness bears interest during any portion of the applicable
measurement period prior to the relevant acquisition at the weighted average of the interest rates
applicable to outstanding Loans incurred during such period).

     6.9. Fundamental Changes; Disposition of Assets; Acquisitions. No Credit Party shall, nor
shall it permit any of its Subsidiaries to, enter into any transaction of merger or consolidation,
or liquidate, wind-up or dissolve itself (or suffer any liquidation or dissolution), or convey,
sell, lease or sub-lease (as lessor or sublessor), exchange,
transfer or otherwise dispose of, in one transaction or a series of transactions, all or any
part of its business, assets or property of any kind whatsoever, whether real, personal or mixed
and whether tangible or intangible, whether now owned or hereafter acquired, or acquire by purchase
or otherwise (other than purchases or other acquisitions of inventory, materials and equipment and
capital expenditures in the ordinary course of business) the business, property or fixed assets of,
or stock or other evidence of beneficial ownership of, any Person or any division or line of
business or other business unit of any Person, except:

          (a) any Subsidiary of Holdings may be merged with or into Company or any Guarantor Subsidiary,
or be liquidated, wound up or dissolved, or all or any part of its business, property or assets may
be conveyed, sold, leased, transferred or otherwise disposed of, in one transaction or a series of
transactions, to Company or any Guarantor Subsidiary; provided, in the case of such a
merger, Company or such Guarantor Subsidiary, as applicable shall be the continuing or surviving
Person;

          (b) sales or other dispositions of assets that do not constitute Asset Sales;

          (c) Asset Sales (excluding Asset Sales under Section 6.9(g)), the proceeds of which (valued at
the principal amount thereof in the case of non-Cash proceeds consisting of notes or other debt
Securities and valued at fair market value in the case of other non-Cash proceeds) (i) are less
than $200,000 with respect to any single Asset Sale or series of related Asset Sales and (ii) when
aggregated with the proceeds of all other Asset Sales made within the same Fiscal Year, are less
than $1,000,000; provided (1) the consideration received for such assets shall be in an
amount at least equal to the fair market value thereof (determined in good faith by the board of
directors of Company (or similar governing body)), (2) no less than 80% thereof shall be paid in
Cash, and (3) the Net Asset Sale Proceeds thereof shall be applied as required by Section 2.14(a);

          (d) disposals of obsolete, worn out or surplus property;

          (e) Permitted Acquisitions, the cash consideration for which constitutes (i) for so long as
the Leverage Ratio is greater than or equal to 3.0:1.0, less than $12,500,000 in the

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aggregate in any Fiscal Year and (ii) at any time after the Leverage Ratio has fallen below 3.0:1.0, less than
$25,000,000 in the aggregate in any Fiscal Year; provided, however, that in the
Fiscal Year 2005, the cash consideration for Permitted Acquisitions shall be less than $45,000,000;

          (f) Investments made in accordance with Section 6.7; and

          (g) Asset Sales of equipment in connection with Permitted Sale-Leasebacks, provided
that the proceeds of any such Permitted Sale-Leaseback shall be entirely in cash and shall not be
less than 100% of the fair market value of the equipment being sold (determined in good faith by
the board of advisors of Company (or similar governing body)).

     6.10. Disposal of Subsidiary Interests. Except for any sale of all of its interests in the
Capital Stock of any of its Subsidiaries in compliance with the provisions of Section
6.9 and except with respect to Liens securing the Obligations hereunder or “Obligations”
under and as defined in the Second Lien Credit Agreement, no Credit
Party shall, nor shall it permit any of its Subsidiaries to, (a) directly or indirectly
sell, assign, pledge or otherwise encumber or dispose of any Capital Stock of any of its
Subsidiaries, except to qualify directors if required by applicable law; or (b) permit any of its
Subsidiaries directly or indirectly to sell, assign, pledge or otherwise encumber or dispose of any
Capital Stock of any of its Subsidiaries, except to another Credit Party (subject to the
restrictions on such disposition otherwise imposed hereunder), or to qualify directors if required
by applicable law.

     6.11. Sales and Lease-Backs. No Credit Party shall, nor shall it permit any of its
Subsidiaries to, directly or indirectly, become or remain liable as lessee or as a guarantor or
other surety with respect to any lease (a “Sale-Leaseback”) of any property (whether real, personal
or mixed), whether now owned or hereafter acquired, which such Credit Party (a) has sold or
transferred or is to sell or to transfer to any other Person (other than Holdings or any of its
Subsidiaries), or (b) intends to use for substantially the same purpose as any other property which
has been or is to be sold or transferred by such Credit Party to any Person (other than Holdings or
any of its Subsidiaries) in connection with such lease; provided, however, that
Company and its Subsidiaries may enter into Sale-Leasebacks which are in the ordinary course of
Company’s or such Subsidiary’s business, consistent with past practice and at market rates and
subject to compliance with Section 6.9(g), with respect to equipment acquired by Company and its
Subsidiaries after the Closing Date (“Permitted Sale-Leasebacks”). For avoidance of doubt,
Sale-Leasebacks that result in Capital Leases shall be treated as Indebtedness for all purposes of
this Agreement.

     6.12. Transactions with Shareholders and Affiliates. No Credit Party shall, nor shall it
permit any of its Subsidiaries to, directly or indirectly, enter into or permit to exist any
transaction (including the purchase, sale, lease or exchange of any property or the rendering of
any service) with any holder of 5% or more of any class of Capital Stock of Holdings or any of its
Subsidiaries or with any Affiliate of Holdings or of any such holder, on terms that are less
favorable to Holdings or that Subsidiary, as the case may be, than those that might be obtained at
the time from a Person who is not such a holder or Affiliate; provided, the foregoing
restriction shall not apply to (a) any transaction between Company and any Guarantor Subsidiary;

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(b) reasonable and customary fees paid to members of the board of directors (or similar governing
body) of Holdings and its Subsidiaries; (c) compensation arrangements for officers and other
employees of Holdings and its Subsidiaries entered into in the ordinary course of business; and (d)
transactions described in Schedule 6.12.

     6.13. Conduct of Business. From and after the Effective Date, no Credit Party shall, nor
shall it permit any of its Subsidiaries to, engage in any business other than (i) the businesses
engaged in by such Credit Party on the Effective Date and similar or related businesses and (ii) such other lines of
business as may be consented to by Requisite Lenders.

     6.14. Permitted Activities of Holdings and AR Holdings. (a) Holdings shall not (i) incur,
directly or indirectly, any Indebtedness or any other obligation or liability whatsoever other than
the Indebtedness and obligations under the Related Agreements; (ii) create or suffer to exist any
Lien upon any property or assets now owned or hereafter acquired by it other than the Liens created
under the Collateral Documents to which it is a party or permitted pursuant to Section 6.2; (iii)
engage in any business or activity or own any assets other than (w) holding 100% of the Capital
Stock of AR Holdings, (x) performing its obligations and activities incidental thereto under the
Credit Documents, and to the extent not inconsistent therewith, the Related Agreements; (y) paying
general administrative costs and expenses in the ordinary course of business; and (z) making
Restricted Junior Payments and Investments to the extent permitted by this Agreement; (iv)
consolidate with or merge with or into, or convey, transfer or lease all or substantially all its
assets to, any Person; (v) sell or otherwise dispose of any Capital Stock of any of its
Subsidiaries; (vi) create or acquire any Subsidiary or make or own any Investment in any Person
other than AR Holdings; or (vii) fail to hold itself out to the public as a legal entity separate
and distinct from all other Persons.

          (b) AR Holdings shall not (i) incur, directly or indirectly, any Indebtedness or any other
obligation or liability whatsoever other than the Indebtedness and obligations under the Related
Agreements; (ii) create or suffer to exist any Lien upon any property or assets now owned or
hereafter acquired by it other than the Liens created under the Collateral Documents to which it is
a party or permitted pursuant to Section 6.2; (iii) engage in any business or activity or own any
assets other than (w) holding 100% of the Capital Stock of Company, (x) performing its obligations
and activities incidental thereto under the Credit Documents, and to the extent not inconsistent
therewith, the Related Agreements; (y) paying general administrative costs and expenses in the
ordinary course of business; (z) making Restricted Junior Payments and Investments to the extent
permitted by this Agreement; and (zz) holding the Capital Stock of American Reprographics Midco,
LLC (“Midco”) provided that Midco shall not own any assets and thereafter shall not engage in any
business or other activity; (iv) consolidate with or merge with or into, or convey, transfer or
lease all or substantially all its assets to, any Person; (v) sell or otherwise dispose of any
Capital Stock of any of its Subsidiaries; (vi) create or acquire any Subsidiary or make or own any
Investment in any Person other than Company; or (vii) fail to hold itself out to the public as a
legal entity separate and distinct from all other Persons.

     6.15. Amendments or Waivers of Certain Related Agreements. Except as set forth in Section
6.16, no Credit Party shall nor shall it permit any of its Subsidiaries to, agree to any material
amendment, restatement, supplement or other modification to, or waiver of, any of its

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material rights under any Related Agreement after the Effective Date which may adversely affect the
interests of any of the Agents or the Lenders without in each case obtaining the prior written
consent of Requisite Lenders to such amendment, restatement, supplement or other modification or
waiver.

     6.16. Amendments or Waivers with Respect to Subordinated Indebtedness and Second Lien Credit
Agreement. (a) No Credit Party shall, nor shall it permit any of its Subsidiaries to, amend or
otherwise change the terms of any Subordinated Indebtedness or make any payment consistent with an
amendment thereof or change thereto, if the effect of such amendment or change is to increase the
interest rate applicable to such Subordinated Indebtedness, change (to earlier dates) any dates
upon which payments of principal or interest are due thereon, change any event of default or
condition to an event of default with respect thereto (other than to eliminate any such event of
default or increase any grace period related thereto), change the redemption, prepayment or
defeasance provisions thereof, change the subordination provisions of such Subordinated
Indebtedness (or of any guaranty thereof), or if the effect of such amendment or change, together
with all other amendments or changes made, is to increase materially the obligations of the obligor
thereunder or to confer any additional rights on the holders of such Subordinated Indebtedness (or
a trustee or other representative on their behalf) which would be adverse to any Credit Party or
Lenders.

          (b) No Credit Party shall, nor shall it permit any of its Subsidiaries to, amend or otherwise
change the terms of the Second Lien Credit Agreement or make any payment consistent with an
amendment thereof or change thereto, if the effect of such amendment or change is to increase the
interest rate applicable thereto, change (to earlier dates) any dates upon which payments of
principal or interest are due thereon, change any event of default or condition to an event of
default with respect thereto (other than to eliminate any such event of default or increase any
grace period related thereto), change the prepayment provisions thereof, change the subordination
provisions thereof (or of any guaranty thereof), or change any collateral therefore (other than to
release such collateral), or if the effect of such amendment or change, together with all other
amendments or changes made, is to increase materially the obligations of the obligor thereunder or
to confer any additional rights on the lenders under the Second Lien Credit Agreement (or a
representative on their behalf) which would be adverse to any Credit Party or Lenders.

     6.17. Fiscal Year. No Credit Party shall, nor shall it permit any of its Subsidiaries to
change its Fiscal Year-end from December 31.

SECTION 7. GUARANTY

     7.1. Guaranty of the Obligations. Subject to the provisions of Section 7.2, Guarantors
jointly and severally hereby irrevocably and unconditionally guaranty to Administrative Agent for
the ratable benefit of the Beneficiaries the due and punctual payment in full of all Obligations
when the same shall become due, whether at stated maturity, by required prepayment, declaration,
acceleration, demand or otherwise (including amounts that would become due but

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for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. § 362(a)) (collectively,
the “Guaranteed Obligations”).

     7.2. Contribution by Guarantors. All Guarantors desire to allocate among themselves
(collectively, the “Contributing Guarantors”), in a fair and equitable manner, their obligations
arising under this Guaranty. Accordingly, in the event any payment or distribution is made on any
date by a Guarantor (a “Funding Guarantor”) under this Guaranty such that its Aggregate Payments
exceeds its Fair Share as of such date, such Funding Guarantor shall be entitled to a contribution
from each of the other Contributing Guarantors in an amount sufficient to cause each Contributing
Guarantor’s Aggregate Payments to equal its Fair Share as of such date. “Fair Share” means, with
respect to a Contributing Guarantor as of any date of determination, an amount equal to (a) the
ratio of (i) the Fair Share Contribution Amount with respect to such Contributing Guarantor to (ii)
the aggregate of the Fair Share Contribution Amounts with respect to all Contributing Guarantors
multiplied by (b) the aggregate amount paid or distributed on or before such date by all Funding
Guarantors under this Guaranty in respect of the obligations Guaranteed. “Fair Share Contribution
Amount” means, with respect to a Contributing Guarantor as of any date of determination, the
maximum aggregate amount of the obligations of such Contributing Guarantor under this Guaranty that
would not render its obligations hereunder or thereunder subject to avoidance as a fraudulent
transfer or conveyance under Section 548 of Title 11 of the United States Code or any comparable
applicable provisions of state law; provided, solely for purposes of calculating the “Fair
Share Contribution Amount” with respect to any Contributing Guarantor for purposes of this Section
7.2, any assets or liabilities of such Contributing Guarantor arising by virtue of any rights to
subrogation, reimbursement or indemnification or any rights to or obligations of contribution
hereunder shall not be considered as assets or liabilities of such Contributing Guarantor.
“Aggregate Payments” means, with respect to a Contributing Guarantor as of any date of
determination, an amount equal to (1) the aggregate amount of all payments and distributions made
on or before such date by such Contributing Guarantor in respect of this Guaranty (including,
without limitation, in respect of this Section 7.2), minus (2) the aggregate amount of all payments
received on or before such date by such Contributing Guarantor from the other Contributing
Guarantors as contributions under this Section 7.2. The amounts payable as contributions hereunder
shall be determined as of the date on which the related payment or distribution is made by the
applicable Funding Guarantor. Notwithstanding anything herein to the contrary, the allocation
among Contributing Guarantors of their obligations as set forth in this Section 7.2 shall not be
construed in any way to limit the liability of any Contributing Guarantor hereunder. Each
Guarantor is a third party beneficiary to the contribution agreement set forth in this Section 7.2.

     7.3. Payment by Guarantors. Subject to Section 7.2, Guarantors hereby jointly and severally
agree, in furtherance of the foregoing and not in limitation of any other right which any
Beneficiary may have at law or in equity against any Guarantor by virtue hereof, that upon the
failure of Company to pay any of the Guaranteed Obligations when and as the same shall become due,
whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise
(including amounts that would become due but for the operation of the automatic stay under Section 362(a) of the
Bankruptcy Code, 11 U.S.C. § 362(a)), Guarantors will upon demand pay, or cause to be paid, in
Cash, to Administrative Agent for the ratable benefit of Beneficiaries, an amount equal to the sum
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Guaranteed Obligations then due as aforesaid, accrued and
unpaid interest on such Guaranteed Obligations (including interest which, but for Company’s
becoming the subject of a case under the Bankruptcy Code, would have accrued on such Guaranteed
Obligations, whether or not a claim is allowed against Company for such interest in the related
bankruptcy case) and all other Guaranteed Obligations then owed to Beneficiaries as aforesaid.

     7.4. Liability of Guarantors Absolute. Each Guarantor agrees that its obligations hereunder
are irrevocable, absolute, independent and unconditional and shall not be affected by any
circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than
payment in full of the Guaranteed Obligations. In furtherance of the foregoing and without
limiting the generality thereof, each Guarantor agrees as follows:

          (a) this Guaranty is a guaranty of payment when due and not of collectability. This Guaranty
is a primary obligation of each Guarantor and not merely a contract of surety;

          (b) Administrative Agent may enforce this Guaranty upon the occurrence of an Event of Default
notwithstanding the existence of any dispute between Company and any Beneficiary with respect to
the existence of such Event of Default;

          (c) the obligations of each Guarantor hereunder are independent of the obligations of Company
and the obligations of any other guarantor (including any other Guarantor) of the obligations of
Company, and a separate action or actions may be brought and prosecuted against such Guarantor
whether or not any action is brought against Company or any of such other guarantors and whether or
not Company is joined in any such action or actions;

          (d) payment by any Guarantor of a portion, but not all, of the Guaranteed Obligations shall in
no way limit, affect, modify or abridge any Guarantor’s liability for any portion of the Guaranteed
Obligations which has not been paid. Without limiting the generality of the foregoing, if
Administrative Agent is awarded a judgment in any suit brought to enforce any Guarantor’s covenant
to pay a portion of the Guaranteed Obligations, such judgment shall not be deemed to release such
Guarantor from its covenant to pay the portion of the Guaranteed Obligations that is not the
subject of such suit, and such judgment shall not, except to the extent satisfied by such
Guarantor, limit, affect, modify or abridge any other Guarantor’s liability hereunder in respect of
the Guaranteed Obligations;

          (e) any Beneficiary, upon such terms as it deems appropriate, without notice or demand and
without affecting the validity or enforceability hereof or giving rise to any reduction,
limitation, impairment, discharge or termination of any Guarantor’s liability hereunder, from time
to time may (i) renew, extend, accelerate, increase the rate of interest on, or otherwise change
the time, place, manner or terms of payment of the Guaranteed Obligations; (ii)
settle, compromise, release or discharge, or accept or refuse any offer of performance with
respect to, or substitutions for, the Guaranteed Obligations or any agreement relating thereto
and/or subordinate the payment of the same to the payment of any other obligations; (iii) request
and accept other guaranties of the Guaranteed Obligations and take and hold security for the
payment hereof or the Guaranteed Obligations; (iv) release, surrender, exchange, substitute,
compromise, settle, rescind, waive, alter, subordinate or modify, with or without consideration,

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any security for payment of the Guaranteed Obligations, any other guaranties of the Guaranteed
Obligations, or any other obligation of any Person (including any other Guarantor) with respect to
the Guaranteed Obligations; (v) enforce and apply any security now or hereafter held by or for the
benefit of such Beneficiary in respect hereof or the Guaranteed Obligations and direct the order or
manner of sale thereof, or exercise any other right or remedy that such Beneficiary may have
against any such security, in each case as such Beneficiary in its discretion may determine
consistent herewith or the applicable Hedge Agreement and any applicable security agreement,
including foreclosure on any such security pursuant to one or more judicial or nonjudicial sales,
whether or not every aspect of any such sale is commercially reasonable, and even though such
action operates to impair or extinguish any right of reimbursement or subrogation or other right or
remedy of any Guarantor against Company or any security for the Guaranteed Obligations; and (vi)
exercise any other rights available to it under the Credit Documents or the Hedge Agreements; and

          (f) this Guaranty and the obligations of Guarantors hereunder shall be valid and enforceable
and shall not be subject to any reduction, limitation, impairment, discharge or termination for any
reason (other than payment in full of the Guaranteed Obligations), including the occurrence of any
of the following, whether or not any Guarantor shall have had notice or knowledge of any of them:
(i) any failure or omission to assert or enforce or agreement or election not to assert or enforce,
or the stay or enjoining, by order of court, by operation of law or otherwise, of the exercise or
enforcement of, any claim or demand or any right, power or remedy (whether arising under the Credit
Documents or the Hedge Agreements, at law, in equity or otherwise) with respect to the Guaranteed
Obligations or any agreement relating thereto, or with respect to any other guaranty of or security
for the payment of the Guaranteed Obligations; (ii) any rescission, waiver, amendment or
modification of, or any consent to departure from, any of the terms or provisions (including
provisions relating to events of default) hereof, any of the other Credit Documents, any of the
Hedge Agreements or any agreement or instrument executed pursuant thereto, or of any other guaranty
or security for the Guaranteed Obligations, in each case whether or not in accordance with the
terms hereof or such Credit Document, such Hedge Agreement or any agreement relating to such other
guaranty or security; (iii) the Guaranteed Obligations, or any agreement relating thereto, at any
time being found to be illegal, invalid or unenforceable in any respect; (iv) the application of
payments received from any source (other than payments received pursuant to the other Credit
Documents or any of the Hedge Agreements or from the proceeds of any security for the Guaranteed
Obligations, except to the extent such security also serves as collateral for indebtedness other
than the Guaranteed Obligations) to the payment of indebtedness other than the Guaranteed
Obligations, even though any Beneficiary might have elected to apply such payment to any part or
all of the Guaranteed Obligations; (v) any Beneficiary’s consent to the change, reorganization or
termination of the corporate structure or existence of Holdings or any of its Subsidiaries and to
any corresponding restructuring of the Guaranteed Obligations; (vi) any failure to perfect or
continue perfection of a
security interest in any collateral which secures any of the Guaranteed Obligations; (vii) any
defenses, set-offs or counterclaims which Company may allege or assert against any Beneficiary in
respect of the Guaranteed Obligations, including failure of consideration, breach of warranty,
payment, statute of frauds, statute of limitations, accord and satisfaction and usury; and (viii)
any other act or thing or omission, or delay to do any other act or thing, which may or might in
any

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manner or to any extent vary the risk of any Guarantor as an obligor in respect of the
Guaranteed Obligations.

     7.5. Waivers by Guarantors. Each Guarantor hereby waives, for the benefit of Beneficiaries:
(a) any right to require any Beneficiary, as a condition of payment or performance by such
Guarantor, to (i) proceed against Company, any other guarantor (including any other Guarantor) of
the Guaranteed Obligations or any other Person, (ii) proceed against or exhaust any security held
from Company, any such other guarantor or any other Person, (iii) proceed against or have resort to
any balance of any Deposit Account or credit on the books of any Beneficiary in favor of Company or
any other Person, or (iv) pursue any other remedy in the power of any Beneficiary whatsoever; (b)
any defense arising by reason of the incapacity, lack of authority or any disability or other
defense of Company or any other Guarantor including any defense based on or arising out of the lack
of validity or the unenforceability of the Guaranteed Obligations or any agreement or instrument
relating thereto or by reason of the cessation of the liability of Company or any other Guarantor
from any cause other than payment in full of the Guaranteed Obligations; (c) any defense based upon
any statute or rule of law which provides that the obligation of a surety must be neither larger in
amount nor in other respects more burdensome than that of the principal; (d) any defense based upon
any Beneficiary’s errors or omissions in the administration of the Guaranteed Obligations, except
behavior which amounts to bad faith; (e) (i) any principles or provisions of law, statutory or
otherwise, which are or might be in conflict with the terms hereof and any legal or equitable
discharge of such Guarantor’s obligations hereunder, (ii) the benefit of any statute of limitations
affecting such Guarantor’s liability hereunder or the enforcement hereof, (iii) any rights to
set-offs, recoupments and counterclaims, and (iv) promptness, diligence and any requirement that
any Beneficiary protect, secure, perfect or insure any security interest or lien or any property
subject thereto; (f) notices, demands, presentments, protests, notices of protest, notices of
dishonor and notices of any action or inaction, including acceptance hereof, notices of default
hereunder, the Hedge Agreements or any agreement or instrument related thereto, notices of any
renewal, extension or modification of the Guaranteed Obligations or any agreement related thereto,
notices of any extension of credit to Company and notices of any of the matters referred to in
Section 7.4 and any right to consent to any thereof; and (g) any defenses or benefits that may be
derived from or afforded by law which limit the liability of or exonerate guarantors or sureties,
or which may conflict with the terms hereof.

     7.6. Guarantors’ Rights of Subrogation, Contribution, etc. Until the Guaranteed Obligations
shall have been indefeasibly paid in full and the Revolving Commitments shall have terminated and
all Letters of Credit shall have expired or been cancelled, each Guarantor hereby waives any claim,
right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against
Company or any other Guarantor or any
of its assets in connection with this Guaranty or the performance by such Guarantor of its
obligations hereunder, in each case whether such claim, right or remedy arises in equity, under
contract, by statute, under common law or otherwise and including without limitation (a) any right
of subrogation, reimbursement or indemnification that such Guarantor now has or may hereafter have
against Company with respect to the Guaranteed Obligations, (b) any right to enforce, or to
participate in, any claim, right or remedy that any Beneficiary now has or may hereafter have
against Company, and (c) any benefit of, and any right to participate in, any collateral or
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any Beneficiary. In addition, until the Guaranteed Obligations
shall have been indefeasibly paid in full and the Revolving Commitments shall have terminated and
all Letters of Credit shall have expired or been cancelled, each Guarantor shall withhold exercise
of any right of contribution such Guarantor may have against any other guarantor (including any
other Guarantor) of the Guaranteed Obligations, including, without limitation, any such right of
contribution as contemplated by Section 7.2. Each Guarantor further agrees that, to the extent the
waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement,
indemnification and contribution as set forth herein is found by a court of competent jurisdiction
to be void or voidable for any reason, any rights of subrogation, reimbursement or indemnification
such Guarantor may have against Company or against any collateral or security, and any rights of
contribution such Guarantor may have against any such other guarantor, shall be junior and
subordinate to any rights any Beneficiary may have against Company, to all right, title and
interest any Beneficiary may have in any such collateral or security, and to any right any
Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on
account of any such subrogation, reimbursement, indemnification or contribution rights at any time
when all Guaranteed Obligations shall not have been finally and indefeasibly paid in full, such
amount shall be held in trust for Administrative Agent on behalf of Beneficiaries and shall
forthwith be paid over to Administrative Agent for the benefit of Beneficiaries to be credited and
applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the
terms hereof.

     7.7. Subordination of Other Obligations. Any Indebtedness of Company or any Guarantor now or
hereafter held by any Guarantor (the “Obligee Guarantor") is hereby subordinated in right of
payment to the Guaranteed Obligations, and any such indebtedness collected or received by the
Obligee Guarantor after an Event of Default has occurred and is continuing shall be held in trust
for Administrative Agent on behalf of Beneficiaries and shall forthwith be paid over to
Administrative Agent for the benefit of Beneficiaries to be credited and applied against the
Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability of
the Obligee Guarantor under any other provision hereof.

     7.8. Continuing Guaranty. This Guaranty is a continuing guaranty and shall remain in effect
until all of the Guaranteed Obligations shall have been paid in full and the Revolving Commitments
shall have terminated and all Letters of Credit shall have expired or been cancelled. Each
Guarantor hereby irrevocably waives any right to revoke this Guaranty as to future transactions
giving rise to any Guaranteed Obligations.

     7.9. Authority of Guarantors or Company. It is not necessary for any Beneficiary to inquire
into the capacity or powers of any Guarantor or Company or the officers, directors or any agents
acting or purporting to act on behalf of any of them.

     7.10. Financial Condition of Company. Any Credit Extension may be made to Company or
continued from time to time, and any Hedge Agreements may be entered into from time to time, in
each case without notice to or authorization from any Guarantor regardless of the financial or
other condition of Company at the time of any such grant or continuation or at the time such Hedge
Agreement is entered into, as the case may be. No Beneficiary shall have any obligation to
disclose or discuss with any Guarantor its assessment, or any Guarantor’s

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assessment, of the financial condition of Company. Each Guarantor has adequate means to obtain information from
Company on a continuing basis concerning the financial condition of Company and its ability to
perform its obligations under the Credit Documents and the Hedge Agreements, and each Guarantor
assumes the responsibility for being and keeping informed of the financial condition of Company and
of all circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations. Each
Guarantor hereby waives and relinquishes any duty on the part of any Beneficiary to disclose any
matter, fact or thing relating to the business, operations or conditions of Company now known or
hereafter known by any Beneficiary.

     7.11. Bankruptcy, etc. (a) So long as any Guaranteed Obligations remain outstanding, no
Guarantor shall, without the prior written consent of Administrative Agent acting pursuant to the
instructions of Requisite Lenders, commence or join with any other Person in commencing any
bankruptcy, reorganization or insolvency case or proceeding of or against Company or any other
Guarantor. The obligations of Guarantors hereunder shall not be reduced, limited, impaired,
discharged, deferred, suspended or terminated by any case or proceeding, voluntary or involuntary,
involving the bankruptcy, insolvency, receivership, reorganization, liquidation or arrangement of
Company or any other Guarantor or by any defense which Company or any other Guarantor may have by
reason of the order, decree or decision of any court or administrative body resulting from any such
proceeding.

          (b) Each Guarantor acknowledges and agrees that any interest on any portion of the Guaranteed
Obligations which accrues after the commencement of any case or proceeding referred to in clause
(a) above (or, if interest on any portion of the Guaranteed Obligations ceases to accrue by
operation of law by reason of the commencement of such case or proceeding, such interest as would
have accrued on such portion of the Guaranteed Obligations if such case or proceeding had not been
commenced) shall be included in the Guaranteed Obligations because it is the intention of
Guarantors and Beneficiaries that the Guaranteed Obligations which are guaranteed by Guarantors
pursuant hereto should be determined without regard to any rule of law or order which may relieve
Company of any portion of such Guaranteed Obligations. Guarantors will permit any trustee in
bankruptcy, receiver, debtor in possession, assignee for the
benefit of creditors or similar person to pay Administrative Agent, or allow the claim of
Administrative Agent in respect of, any such interest accruing after the date on which such case or
proceeding is commenced.

          (c) In the event that all or any portion of the Guaranteed Obligations are paid by Company,
the obligations of Guarantors hereunder shall continue and remain in full force and effect or be
reinstated, as the case may be, in the event that all or any part of such payment(s) are rescinded
or recovered directly or indirectly from any Beneficiary as a preference, fraudulent transfer or
otherwise, and any such payments which are so rescinded or recovered shall constitute Guaranteed
Obligations for all purposes hereunder.

     7.12. Discharge of Guaranty Upon Sale of Guarantor. If all of the Capital Stock of any
Guarantor or any of its successors in interest hereunder shall be sold or otherwise disposed of
(including by merger or consolidation) in accordance with the terms and conditions hereof, the
Guaranty of such Guarantor or such successor in interest, as the case may be, hereunder shall

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automatically be discharged and released without any further action by any Beneficiary or any other
Person effective as of the time of such Asset Sale.

SECTION 8. EVENTS OF DEFAULT

     8.1. Events of Default. If any one or more of the following conditions or events shall occur:

          (a) Failure to Make Payments When Due. Failure by Company to pay (i) when due any
installment of principal of any Loan, whether at stated maturity, by acceleration, by notice of
voluntary prepayment, by mandatory prepayment or otherwise; (ii) when due any amount payable to
Issuing Bank in reimbursement of any drawing under a Letter of Credit; or (iii) any interest on any
Loan or any fee or any other amount due hereunder within five days after the date due; or

          (b) Default in Other Agreements. (i) Failure of any Credit Party or any of their
respective Subsidiaries to pay when due any principal of or interest on or any other amount payable
in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section
8.1(a)) with an aggregate principal amount of $1,000,000 or more, beyond the grace period, if any,
provided therefore; or (ii) breach or default by any Credit Party with respect to any other
material term of (1) one or more items of Indebtedness in the individual or aggregate principal
amounts referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other
agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, if any,
provided therefore, if the effect of such breach or default is to cause, or to permit the holder or
holders of that Indebtedness (or a trustee on behalf of such holder or holders), to cause, that
Indebtedness to become or be declared due and payable (or redeemable) prior to its stated maturity
or the stated maturity of any underlying obligation, as the case may be; or

          (c) Breach of Certain Covenants. Failure of any Credit Party to perform or comply
with any term or condition contained in Section 2.6, Section 5.2 or Section 6; or

          (d) Breach of Representations, etc. Any representation, warranty, certification or
other statement made or deemed made by any Credit Party in any Credit Document or in any statement
or certificate at any time given by any Credit Party or any of its Subsidiaries in writing pursuant
hereto or thereto or in connection herewith or therewith shall be false in any material respect as
of the date made or deemed made; or

          (e) Other Defaults Under Credit Documents. Any Credit Party shall default in the
performance of or compliance with any term contained herein or any of the other Credit Documents,
other than any such term referred to in any other Section of this Section 8.1, and such default
shall not have been remedied or waived within thirty days after the earlier of (i) an officer of
such Credit Party becoming aware of such default or (ii) receipt by Company of notice from
Administrative Agent or any Lender of such default; or

          (f) Involuntary Bankruptcy; Appointment of Receiver, etc.. (i) A court of competent
jurisdiction shall enter a decree or order for relief in respect of Holdings or any of its

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Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable
bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not
stayed; or any other similar relief shall be granted under any applicable federal or state law; or
(ii) an involuntary case shall be commenced against Holdings or any of its Subsidiaries under the
Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or
hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the
appointment of a receiver, liquidator, sequestrator, trustee, custodian or other officer having
similar powers over Holdings or any of its Subsidiaries, or over all or a substantial part of its
property, shall have been entered; or there shall have occurred the involuntary appointment of an
interim receiver, trustee or other custodian of Holdings or any of its Subsidiaries for all or a
substantial part of its property; or a warrant of attachment, execution or similar process shall
have been issued against any substantial part of the property of Holdings or any of its
Subsidiaries, and any such event described in this clause (ii) shall continue for sixty days
without having been dismissed, bonded or discharged; or

          (g) Voluntary Bankruptcy; Appointment of Receiver, etc.. (i) Holdings or any of its
Subsidiaries shall have an order for relief entered with respect to it or shall commence a
voluntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or
similar law now or hereafter in effect, or shall consent to the entry of an order for relief in an
involuntary case, or to the conversion of an involuntary case to a voluntary case, under any such
law, or shall consent to the appointment of or taking possession by a receiver, trustee or other
custodian for all or a substantial part of its property; or Holdings or any of its Subsidiaries
shall make any assignment for the benefit of creditors; or (ii) Holdings or any of its Subsidiaries
shall be unable, or shall fail generally, or shall admit in writing its inability, to pay its debts
as such debts become due; or the board of directors (or similar governing body) of Holdings or any
of its Subsidiaries (or any committee thereof) shall adopt any resolution or otherwise authorize
any action to approve any of the actions referred to herein or in Section 8.1(f); or

          (h) Judgments and Attachments. Any money judgment, writ or warrant of attachment or
similar process involving in the aggregate at any time an amount in excess of $750,000 (in any case
to the extent not adequately covered by insurance as to which a solvent and unaffiliated insurance
company has acknowledged coverage) shall be entered or filed against Holdings or any of its
Subsidiaries or any of their respective assets and shall remain undischarged, unvacated, unbonded
or unstayed for a period of sixty days (or in any event later than five days prior to the date of
any proposed sale thereunder); or

          (i) Dissolution. Any order, judgment or decree shall be entered against any Credit
Party decreeing the dissolution or split up of such Credit Party and such order shall remain
undischarged or unstayed for a period in excess of thirty days; or

          (j) Employee Benefit Plans. (i) There shall occur one or more ERISA Events which
individually or in the aggregate results in or might reasonably be expected to result in liability
of Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates in excess of
$1,500,000 during the term hereof; or (ii) there exists any fact or circumstance that reasonably
could be expected to result in the imposition of a Lien or security interest under Section 412(n)
of the Internal Revenue Code or under ERISA;

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          (k) Change of Control. A Change of Control shall occur; or

          (l) Guaranties, Collateral Documents and other Credit Documents. At any time after
the execution and delivery thereof, (i) the Guaranty for any reason, other than the satisfaction in
full of all Obligations, shall cease to be in full force and effect (other than in accordance with
its terms) or shall be declared to be null and void or any Guarantor shall repudiate its
obligations thereunder, (ii) this Agreement or any Collateral Document ceases to be in full force
and effect (other than by reason of a release of Collateral in accordance with the terms hereof or
thereof or the satisfaction in full of the Obligations in accordance with the terms hereof) or
shall be declared null and void, or Collateral Agent shall not have or shall cease to have a valid
and perfected Lien in any Collateral purported to be covered by the Collateral Documents with the
priority required by the relevant Collateral Document, in each case for any reason other than the
failure of Collateral Agent or any Secured Party to take any action within its control, or (iii)
any Credit Party shall contest the validity or enforceability of any Credit Document in writing or
deny in writing that it has any further liability, including with respect to future advances by
Lenders, under any Credit Document to which it is a party;

THEN, (1) upon the occurrence of any Event of Default described in Section 8.1(f) or 8.1(g),
automatically, and (2) upon the occurrence of any other Event of Default, at the request of (or
with the consent of) Requisite Lenders, upon notice to Company by Administrative Agent, (A) the
Revolving Commitments, if any, of each Lender having such Revolving Commitments and the obligation
of Issuing Bank to issue any Letter of Credit shall immediately terminate; (B) each of the
following shall immediately become due and payable, in each case without presentment, demand,
protest or other requirements of any kind, all of which are hereby expressly waived by each Credit
Party: (I) the unpaid principal amount of and accrued interest on the Loans, (II) an amount equal
to the maximum amount that may at any time be drawn under all Letters of Credit then outstanding
(regardless of whether any beneficiary under any such Letter of Credit shall
have presented, or shall be entitled at such time to present, the drafts or other documents or
certificates required to draw under such Letters of Credit), and (III) all other Obligations;
provided, the foregoing shall not affect in any way the obligations of Lenders under
Section 2.3(b)(iv) or Section 2.4(e); (C) Administrative Agent may cause Collateral Agent to
enforce any and all Liens and security interests created pursuant to Collateral Documents; and (D)
Administrative Agent shall direct Company to pay (and Company hereby agrees upon receipt of such
notice, or upon the occurrence of any Event of Default specified in Section 8.1(f) and (g) to pay)
to Administrative Agent such additional amounts of cash, to be held as security for Company’s
reimbursement Obligations in respect of Letters of Credit then outstanding, equal to the Letter of
Credit Usage at such time.

SECTION 9. AGENTS

     9.1. Appointment of Agents. GSCP is hereby appointed Syndication Agent hereunder, and each
Lender hereby authorizes Syndication Agent to act as its agent in accordance with the terms hereof
and the other Credit Documents. GECC is hereby appointed Administrative Agent hereunder and under
the other Credit Documents and each Lender hereby authorizes Administrative Agent to act as its
agent in accordance with the terms hereof and the other Credit

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Documents. GECC is hereby appointed
Collateral Agent hereunder and under the other Credit Documents and each Lender hereby authorizes
Collateral Agent to act as its agent in accordance with the terms hereof and the other Credit
Documents. Each Agent hereby agrees to act upon the express conditions contained herein and the
other Credit Documents, as applicable. The provisions of this Section 9 are solely for the benefit
of Agents and Lenders and no Credit Party shall have any rights as a third party beneficiary of any
of the provisions thereof. In performing its functions and duties hereunder, each Agent shall act
solely as an agent of Lenders and does not assume and shall not be deemed to have assumed any
obligation towards or relationship of agency or trust with or for Holdings or any of its
Subsidiaries. Syndication Agent, without consent of or notice to any party hereto, may assign any
and all of its rights or obligations hereunder to any of its Affiliates. As of the Effective Date,
GSCP, in its capacity as Syndication Agent, shall not have any obligations but shall be entitled to
all benefits of this Section 9.

     9.2. Powers and Duties. Each Lender irrevocably authorizes each Agent to take such action on
such Lender’s behalf and to exercise such powers, rights and remedies hereunder and under the other
Credit Documents as are specifically delegated or granted to such Agent by the terms hereof and
thereof, together with such powers, rights and remedies as are reasonably incidental thereto. Each
Agent shall have only those duties and responsibilities that are expressly specified herein and the
other Credit Documents. Each Agent may exercise such powers, rights and remedies and perform such
duties by or through its agents or employees. No Agent shall have, by reason hereof or any of the
other Credit Documents, a fiduciary relationship in respect of any Lender; and nothing herein or
any of the other Credit Documents, expressed or implied, is intended
to or shall be so construed as to impose upon any Agent any obligations in respect hereof or any of
the other Credit Documents except as expressly set forth herein or therein.

9.3. General Immunity.

          (a) No Responsibility for Certain Matters. No Agent shall be responsible to any
Lender for the execution, effectiveness, genuineness, validity, enforceability, collectability or
sufficiency hereof or any other Credit Document or for any representations, warranties, recitals or
statements made herein or therein or made in any written or oral statements or in any financial or
other statements, instruments, reports or certificates or any other documents furnished or made by
any Agent to Lenders or by or on behalf of any Credit Party to any Agent or any Lender in
connection with the Credit Documents and the transactions contemplated thereby or for the financial
condition or business affairs of any Credit Party or any other Person liable for the payment of any
Obligations, nor shall any Agent be required to ascertain or inquire as to the performance or
observance of any of the terms, conditions, provisions, covenants or agreements contained in any of
the Credit Documents or as to the use of the proceeds of the Loans or as to the existence or
possible existence of any Event of Default or Default or to make any disclosures with respect to
the foregoing. Anything contained herein to the contrary notwithstanding, Administrative Agent
shall not have any liability arising from confirmations of the amount of outstanding Loans or the
Letter of Credit Usage or the component amounts thereof.

          (b) Exculpatory Provisions. No Agent nor any of its officers, partners, directors,
employees or agents shall be liable to Lenders for any action taken or omitted by any Agent under
or in connection with any of the Credit Documents except to the extent caused by such

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Agent’s gross negligence or willful misconduct. Each Agent shall be entitled to refrain from any act or the
taking of any action (including the failure to take an action) in connection with this Agreement or
any of the other Loan Documents or from the exercise of any power, discretion or authority vested
in it hereunder or thereunder unless and until such Agent, in the case of any Agent other than the
Collateral Agent, shall have received instructions in respect thereof from Requisite Lenders (or
such other Lenders as may be required to give such instructions under subsection 10.5) or, in the
case of the Collateral Agent, in accordance with the Pledge and Security Agreement, Intercreditor
Agreement or other applicable Collateral Document, and, upon receipt of such instructions from
Requisite Lenders (or such other Lenders, as the case may be) or in accordance with the Pledge and
Security Agreement, Intercreditor Agreement or other applicable Collateral Document, as the case
may be, such Agent shall be entitled to act or (where so instructed) refrain from acting, or to
exercise such power, discretion or authority, in accordance with such instructions. In no event
shall any Agent be liable for punitive, special, consequential, incidental, exemplary or other
similar damages. Without prejudice to the generality of the foregoing, (i) each Agent shall be
entitled to rely, and shall be fully protected in relying, upon any communication, instrument or
document believed by it to be genuine and correct and to have been signed or sent by the proper
Person or Persons, and shall be entitled to rely and shall be protected in relying on opinions and
judgments of attorneys (who may be attorneys for Holdings and its Subsidiaries), accountants,
experts and other professional advisors selected by it; and (ii) no Lender shall have any right of
action whatsoever against any Agent as a
result of such Agent acting or (where so instructed) refraining from acting under this
Agreement or any of the other Loan Documents, in the case of any Agent other than the Collateral
Agent, in accordance with the instructions of Requisite Lenders (or such other Lenders as may be
required to give such instructions under subsection 10.5) or, in the case of the Collateral Agent,
in accordance with the Pledge and Security Agreement, Intercreditor Agreement or other applicable
Collateral Document.

     9.4. Agents Entitled to Act as Lender. The agency hereby created shall in no way impair or
affect any of the rights and powers of, or impose any duties or obligations upon, any Agent in its
individual capacity as a Lender hereunder. With respect to its participation in the Loans and the
Letters of Credit, each Agent shall have the same rights and powers hereunder as any other Lender
and may exercise the same as if it were not performing the duties and functions delegated to it
hereunder, and the term “Lender” shall, unless the context clearly otherwise indicates, include
each Agent in its individual capacity. Any Agent and its Affiliates may accept deposits from, lend
money to, own securities of, and generally engage in any kind of banking, trust, financial advisory
or other business with Holdings or any of its Affiliates as if it were not performing the duties
specified herein, and may accept fees and other consideration from Company for services in
connection herewith and otherwise without having to account for the same to Lenders.

9.5. Lenders’ Representations, Warranties and Acknowledgment.

          (a) Each Lender represents and warrants that it has made its own independent investigation of
the financial condition and affairs of Holdings and its Subsidiaries in connection with Credit
Extensions hereunder and that it has made and shall continue to make its own appraisal of the
creditworthiness of Holdings and its Subsidiaries. No Agent shall have any duty

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or responsibility, either initially or on a continuing basis, to make any such investigation or any such appraisal on
behalf of Lenders or to provide any Lender with any credit or other information with respect
thereto, whether coming into its possession before the making of the Loans or at any time or times
thereafter, and no Agent shall have any responsibility with respect to the accuracy of or the
completeness of any information provided to Lenders.

          (b) Each Lender, by delivering its signature page to this Agreement or a Joinder Agreement and
funding its Tranche C Term Loan and/or Revolving Loans on the Effective Date or by the funding of
any New Loans, as the case may be, shall be deemed to have acknowledged receipt of, and consented
to and approved, each Credit Document and each other document required to be approved by any Agent,
Requisite Lenders or Lenders, as applicable on the Effective Date or as of the date of funding of
such New Loans.

     9.6. Right to Indemnity. Each Lender, in proportion to its Pro Rata Share, severally agrees
to indemnify each Agent, to the extent that such Agent shall not have been reimbursed by any Credit
Party, for and against any and all liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses (including counsel fees and disbursements) or disbursements of any kind or
nature whatsoever which may be imposed on, incurred by or asserted against such Agent in exercising
its powers, rights and remedies or performing its duties hereunder or under the other Credit
Documents or otherwise in its capacity as such Agent in any way relating to or arising out of this
Agreement or the other Credit Documents; provided, no Lender shall be liable for any
portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits,
costs, expenses or disbursements resulting from such Agent’s gross negligence or willful
misconduct. If any indemnity furnished to any Agent for any purpose shall, in the opinion of such
Agent, be insufficient or become impaired, such Agent may call for additional indemnity and cease,
or not commence, to do the acts indemnified against until such additional indemnity is furnished;
provided, in no event shall this sentence require any Lender to indemnify any Agent against
any liability, obligation, loss, damage, penalty, action, judgment, suit, cost, expense or
disbursement in excess of such Lender’s Pro Rata Share thereof; and provided
further, this sentence shall not be deemed to require any Lender to indemnify any Agent
against any liability, obligation, loss, damage, penalty, action, judgment, suit, cost, expense or
disbursement described in the proviso in the immediately preceding sentence.

     9.7. Successor Administrative Agent and/or Collateral Agent and Swing Line Lender. The
Administrative Agent and/or Collateral Agent may at any time give notice of its resignation to the
Lenders and the Company, and Administrative Agent and/or the Collateral Agent may be removed at any
time with or without cause by an instrument or concurrent instruments in writing delivered to
Company and Administrative Agent and signed by Requisite Lenders. Upon any such notice of
resignation or any such removal, Requisite Lenders shall have the right, upon five Business Days’
notice to Company and in consultation with the Company, to appoint a successor Administrative Agent
and/or Collateral Agent, as applicable. Upon the acceptance of any appointment as Administrative
Agent and/or Collateral Agent, as applicable, hereunder by a successor Administrative Agent and/or
Collateral Agent, as applicable, that successor Administrative Agent and/or Collateral Agent, as
applicable, shall thereupon succeed to and become vested with all the rights, powers, privileges
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Administrative Agent and/or Collateral Agent, as applicable,
and the retiring or removed Administrative Agent and/or Collateral Agent, as applicable, shall
promptly (i) transfer to such successor Administrative Agent and/or Collateral Agent, as
applicable, all sums, Securities and other items of Collateral held under the Collateral Documents,
together with all records and other documents necessary or appropriate in connection with the
performance of the duties of the successor Administrative Agent and/or Collateral Agent, as
applicable, under the Credit Documents, and (ii) execute and deliver to such successor
Administrative Agent and/or Collateral Agent, as applicable, such amendments to financing
statements, and take such other actions, as may be necessary or appropriate in connection with the
assignment to such successor Administrative Agent and/or Collateral Agent, as applicable, of the
security interests created under the Collateral Documents, whereupon such retiring or removed
Administrative Agent and/or Collateral Agent, as applicable, shall be discharged from its duties
and obligations hereunder. After any retiring or removed Administrative Agent’s and/or Collateral
Agent’s, as applicable, resignation or removal hereunder as Administrative Agent and/or Collateral
Agent, as applicable, the provisions of this Section 9 shall inure to its benefit as to any actions
taken or omitted to be taken by it while it was Administrative Agent and/or Collateral Agent, as
applicable hereunder. Any resignation or removal of Administrative Agent pursuant to this Section
shall also constitute the resignation or removal of GECC or its successor as Swing Line Lender, and
any successor Administrative Agent appointed pursuant to this Section shall, upon its acceptance of
such appointment, become the successor Swing Line Lender for all purposes hereunder. In such event
(a) Company shall prepay any outstanding Swing Line Loans made by the retiring or removed
Administrative Agent in its capacity as Swing Line Lender, (b) upon such prepayment, the retiring
or removed Administrative Agent and Swing Line Lender shall surrender any Swing Line Note held by
it to Company for cancellation, and (c) Company shall issue, if so requested by successor
Administrative Agent and Swing Line Loan Lender, a new Swing Line Note to the successor
Administrative Agent and Swing Line Lender, in the principal amount of the Swing Line Loan Sublimit
then in effect and with other appropriate insertions.

     9.8. Collateral Documents and Guaranty.

          (a) Agents under Collateral Documents and Guaranty. Each Lender hereby further
authorizes Administrative Agent or Collateral Agent, as applicable, on behalf of and for the
benefit of Lenders, to (i) be the agent for and representative of Lenders with respect to the
Guaranty, the Collateral, and the other Collateral Documents and (ii) enter into the Intercreditor
Agreement, and each Lender agrees to be bound by the terms of the Intercreditor Agreement. Subject
to Section 10.5, without further written consent or authorization from Lenders, Administrative
Agent or Collateral Agent, as applicable may execute any documents or instruments necessary to (i)
release any Lien encumbering any item of Collateral that is the subject of a sale or other
disposition of assets permitted hereby or to which Requisite Lenders (or such other Lenders as may
be required to give such consent under Section 10.5) have otherwise consented or (ii) release any
Guarantor from the Guaranty pursuant to Section 7.12 or with respect to which Requisite Lenders (or
such other Lenders as may be required to give such consent under Section 10.5) have otherwise
consented; provided that Collateral Agent shall not enter into or consent to any material
amendment, modification, termination or waiver of the Intercreditor Agreement without the prior
consent of Requisite Lenders (or such other Lenders as may be required to give such instructions
under subsection 10.5).

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          (b) Right to Realize on Collateral and Enforce Guaranty. Anything contained in any of
the Credit Documents to the contrary notwithstanding, Company, Administrative Agent, Collateral
Agent and each Lender hereby agree that (i) no Lender shall have any right individually to realize
upon any of the Collateral or to enforce the Guaranty, it being understood and agreed that all
powers, rights and remedies hereunder may be exercised solely by Administrative Agent, on behalf of
Lenders in accordance with the terms hereof and all powers, rights and remedies under the
Collateral Documents may be exercised solely by Collateral Agent, and (ii) in the event of a
foreclosure by Collateral Agent on any of the Collateral pursuant to a public or private sale,
Collateral Agent or any Lender may be the purchaser of any or all of such Collateral at any such
sale and Collateral Agent, as agent for and representative of Secured Parties (but not any Lender
or Lenders in its or their respective individual capacities unless Requisite Lenders shall
otherwise agree in writing) shall be entitled, for the purpose of bidding
and making settlement or payment of the purchase price for all or any portion of the
Collateral sold at any such public sale, to use and apply any of the Obligations as a credit on
account of the purchase price for any collateral payable by Collateral Agent at such sale.

SECTION 10. MISCELLANEOUS

     10.1. Notices. Unless otherwise specifically provided herein, any notice or other
communication herein required or permitted to be given to a Credit Party, Syndication Agent,
Collateral Agent, Administrative Agent, Swing Line Lender or Issuing Bank, shall be sent to such
Person’s address as set forth on Appendix B or in the other relevant Credit Document, and in the
case of any Lender, the address as indicated on Appendix B or otherwise indicated to Administrative
Agent in writing. Each notice hereunder shall be in writing and may be personally served, telexed
or sent by telefacsimile or United States mail or courier service and shall be deemed to have been
given when delivered in person or by courier service and signed for against receipt thereof, upon
receipt of telefacsimile or telex, or three Business Days after depositing it in the United States
mail with postage prepaid and properly addressed; provided, no notice to any Agent shall be
effective until received by such Agent.

     10.2. Expenses. Whether or not the transactions contemplated hereby shall be consummated,
Company agrees to pay promptly (a) all the actual and reasonable costs and expenses of preparation
of the Credit Documents and any consents, amendments, waivers or other modifications thereto; (b)
all the costs of furnishing all opinions by counsel for Company and the other Credit Parties; (c)
the reasonable fees, expenses and disbursements of counsel to Agents (in each case including
allocated costs of internal counsel) in connection with the negotiation, preparation, execution and
administration of the Credit Documents and any consents, amendments, waivers or other modifications
thereto and any other documents or matters requested by Company; (d) all the actual costs and
reasonable expenses of creating and perfecting Liens in favor of Collateral Agent, for the benefit
of Lenders pursuant hereto, including filing and recording fees, expenses and taxes, stamp or
documentary taxes, search fees, title insurance premiums and reasonable fees, expenses and
disbursements of counsel to each Agent and of counsel providing any opinions that any Agent or
Requisite Lenders may request in respect of the Collateral or the Liens created pursuant to the
Collateral Documents; (e) all the actual costs and reasonable fees, expenses and disbursements of
any auditors, accountants,

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consultants or appraisers; (f) all the actual costs and reasonable
expenses (including the reasonable fees, expenses and disbursements of any appraisers, consultants,
advisors and agents employed or retained by Collateral Agent and its counsel) in connection with
the custody or preservation of any of the Collateral; (g) all other actual and reasonable costs and
expenses incurred by each Agent in connection with the syndication of the Loans and Commitments and
the negotiation, preparation and execution of the Credit Documents and any consents, amendments,
waivers or other modifications thereto and the transactions contemplated thereby; and (h) after the
occurrence of a Default or an Event of Default, all costs and expenses, including reasonable
attorneys’ fees (including allocated costs of
internal counsel) and costs of settlement, incurred by any Agent and Lenders in enforcing any
Obligations of or in collecting any payments due from any Credit Party hereunder or under the other
Credit Documents by reason of such Default or Event of Default (including in connection with the
sale of, collection from, or other realization upon any of the Collateral or the enforcement of the
Guaranty) or in connection with any refinancing or restructuring of the credit arrangements
provided hereunder in the nature of a “work-out” or pursuant to any insolvency or bankruptcy cases
or proceedings. At the reasonable request of the Company, Agents shall, in its sole discretion,
use its commercially reasonable efforts to provide back-up documentation for any of the above
reimbursable costs, fees and expenses; provided, however, the inability to provide
such back-up documentation shall not be a reason for the any Credit Party to object to or refuse
reimbursement of any such costs, fees and expenses.

     10.3. Indemnity.

          (a) In addition to the payment of expenses pursuant to Section 10.2, whether or not the
transactions contemplated hereby shall be consummated, each Credit Party agrees to defend (subject
to Indemnitees’ selection of counsel), indemnify, pay and hold harmless, each Agent and Lender and
the officers, partners, directors, trustees, investment advisers, employees, agents and Affiliates
of each Agent and each Lender (each, an “Indemnitee”), from and against any and all Indemnified
Liabilities; provided, no Credit Party shall have any obligation to any Indemnitee
hereunder with respect to any Indemnified Liabilities to the extent such Indemnified Liabilities
arise from the gross negligence or willful misconduct of that Indemnitee. To the extent that the
undertakings to defend, indemnify, pay and hold harmless set forth in this Section 10.3 may be
unenforceable in whole or in part because they are violative of any law or public policy, the
applicable Credit Party shall contribute the maximum portion that it is permitted to pay and
satisfy under applicable law to the payment and satisfaction of all Indemnified Liabilities
incurred by Indemnitees or any of them.

          (b) To the extent permitted by applicable law, no Credit Party shall assert, and each Credit
Party hereby waives, any claim against Lenders, Agents and their respective Affiliates, directors,
employees, attorneys or agents, on any theory of liability, for special, indirect, consequential or
punitive damages (as opposed to direct or actual damages) (whether or not the claim therefore is
based on contract, tort or duty imposed by any applicable legal requirement) arising out of, in
connection with, arising out of, as a result of, or in any way related to, this Agreement or any
Credit Document or any agreement or instrument contemplated hereby or thereby or referred to herein
or therein, the transactions contemplated hereby or thereby, any Loan or the use of the proceeds
thereof or any act or omission or event occurring in

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connection therewith, and Holdings and Company
hereby waives, releases and agrees not to sue upon any such claim or any such damages, whether or
not accrued and whether or not known or suspected to exist in its favor.

     10.4. Set-Off. In addition to any rights now or hereafter granted under applicable law and not by way of
limitation of any such rights, upon the occurrence of any Event of Default each Lender is hereby
authorized by each Credit Party at any time or from time to time subject to the consent of
Administrative Agent (such consent not to be unreasonably withheld or delayed), without notice to
any Credit Party or to any other Person (other than Administrative Agent), any such notice being
hereby expressly waived, to set off and to appropriate and to apply any and all deposits (general
or special, including Indebtedness evidenced by certificates of deposit, whether matured or
unmatured, but not including trust accounts) and any other Indebtedness at any time held or owing
by such Lender to or for the credit or the account of any Credit Party against and on account of
the obligations and liabilities of any Credit Party to such Lender hereunder, the Letters of Credit
and participations therein and under the other Credit Documents, including all claims of any nature
or description arising out of or connected hereto, the Letters of Credit and participations therein
or with any other Credit Document, irrespective of whether or not (a) such Lender shall have made
any demand hereunder or (b) the principal of or the interest on the Loans or any amounts in respect
of the Letters of Credit or any other amounts due hereunder shall have become due and payable
pursuant to Section 2 and although such obligations and liabilities, or any of them, may be
contingent or unmatured.

10.5. Amendments and Waivers.

          (a) Requisite Lenders’ Consent. Subject to Section 10.5(b) and 10.5(c), no amendment,
modification, termination or waiver of any provision of the Credit Documents, or consent to any
departure by any Credit Party therefrom, shall in any event be effective without the written
concurrence of the Requisite Lenders.

          (b) Affected Lenders’ Consent. Without the written consent of each Lender (other
than a Defaulting Lender) that would be affected thereby, no amendment, modification, termination,
or consent shall be effective if the effect thereof would:

          (i) extend the scheduled final maturity of any Loan or Note;

          (ii) waive, reduce or postpone any Installment or other scheduled repayment (but not
prepayment);

          (iii) extend the stated expiration date of any Letter of Credit beyond the Revolving
Commitment Termination Date;

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          (iv) reduce the rate of interest on any Loan (other than any waiver of any increase in
the interest rate applicable to any Loan pursuant to Section 2.10) or any fee payable
hereunder;

          (v) extend the time for payment of any such interest or fees;

          (vi) reduce the principal amount of any Loan or any reimbursement obligation in respect
of any Letter of Credit;

          (vii) amend, modify, terminate or waive any provision of Section 2.17, this Section
10.5(b) or Section 10.5(c);

          (viii)
amend the definition of “Requisite Lenders” or
“Pro Rata Share”;

          (ix) release all or substantially all of the Collateral or all or substantially all of
the Guarantors from the Guaranty except as expressly provided in the Credit Documents; or

          (x) consent to the assignment or transfer by any Credit Party of any of its rights and
obligations under any Credit Document.

          (c) Other Consents. No amendment, modification, termination or waiver of any
provision of the Credit Documents, or consent to any departure by any Credit Party therefrom,
shall:

          (i) increase any Commitment of any Lender over the amount thereof then in effect
without the consent of such Lender; provided, no amendment, modification or waiver
of any condition precedent, covenant, Default or Event of Default shall constitute an
increase in any Commitment of any Lender;

          (ii) amend, modify, terminate or waive any provision hereof relating to the Swing Line
Sublimit or the Swing Line Loans without the consent of Swing Line Lender;

          (iii) amend the definition of “Requisite Class Lenders” without the consent of
Requisite Class Lenders of each Class;

          (iv) amend or waive any mandatory prepayment or alter the required application of any
repayments or prepayments as between Classes pursuant to Section 2.15 without the consent of
Requisite Class Lenders of each Class which is being allocated a lesser repayment or
prepayment as a result thereof; provided, Requisite Lenders may waive, in whole or
in part, any prepayment so long as the application, as between Classes, of any portion of
such prepayment which is still required to be made is not altered;

          (v) amend, modify, terminate or waive any obligation of Lenders relating to the
purchase of participations in Letters of Credit as provided in Section 2.4(e) without the
written consent of Administrative Agent and of Issuing Bank; or

          (vi) amend, modify, terminate or waive any provision of Section 9 as the same applies
to any Agent, or any other provision hereof as the same applies to the rights or obligations
of any Agent, in each case without the consent of such Agent.

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          (d) Execution of Amendments, etc. Administrative Agent may, but shall have no
obligation to, with the concurrence of any Lender, execute amendments, modifications,
waivers or consents on behalf of such Lender. Any waiver or consent shall be effective only
in the specific instance and for the specific purpose for which it was given. No notice to or
demand on any Credit Party in any case shall entitle any Credit Party to any other or further
notice or demand in similar or other circumstances. Any amendment, modification, termination,
waiver or consent effected in accordance with this Section 10.5 shall be binding upon each Lender
at the time outstanding, each future Lender and, if signed by a Credit Party, on such Credit Party.

     10.6. Successors and Assigns; Participations.

          (a) Generally. This Agreement shall be binding upon the parties hereto and their
respective successors and assigns and shall inure to the benefit of the parties hereto and the
successors and assigns of Lenders. No Credit Party’s rights or obligations hereunder nor any
interest therein may be assigned or delegated by any Credit Party without the prior written consent
of all Lenders. 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
and, to the extent expressly contemplated hereby, Affiliates of each of the Agents and Lenders) any
legal or equitable right, remedy or claim under or by reason of this Agreement.

          (b) Register. Company, Administrative Agent and Lenders shall deem and treat the
Persons listed as Lenders in the Register as the holders and owners of the corresponding
Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any
such Commitment or Loan shall be effective, in each case, unless and until an Assignment Agreement
effecting the assignment or transfer thereof shall have been delivered to and accepted by
Administrative Agent and recorded in the Register as provided in Section 10.6(e). Prior to such
recordation, all amounts owed with respect to the applicable Commitment or Loan shall be owed to
the Lender listed in the Register as the owner thereof, and any request, authority or consent of
any Person who, at the time of making such request or giving such authority or consent, is listed
in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or
transferee of the corresponding Commitments or Loans.

          (c) Right to Assign. Each Lender shall have the right at any time to sell, assign or
transfer all or a portion of its rights and obligations under this Agreement, including, without
limitation, all or a portion of its Commitment or Loans owing to it or other Obligation
(provided, however, that each such assignment shall be of a uniform, and not
varying, percentage of all rights and obligations under and in respect of any Loan and any related
Commitments):

               (i) to any Person meeting the criteria of clause (i) of the definition of the term of
“Eligible Assignee” upon the giving of notice to Company and Administrative Agent; and

               (ii) to any Person meeting the criteria of clause (ii) of the definition of the term of
“Eligible Assignee” and, in the case of assignments of Revolving Loans or Revolving
Commitments to any such Person (except in the case of assignments made by

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or to GSCP), consented to by each of Company and Administrative Agent (such consent not
to be (x) unreasonably withheld or delayed or, (y) in the case of Company, required at any
time an Event of Default shall have occurred and then be continuing); provided,
further each such assignment pursuant to this Section 10.6(c)(ii) shall be in an aggregate
amount of not less than (A) $2,500,000 (or such lesser amount as may be agreed to by Company
and Administrative Agent or as shall constitute the aggregate amount of the Revolving
Commitments and Revolving Loans of the assigning Lender) with respect to the assignment of
the Revolving Commitments and Revolving Loans and (B) $1,000,000 (or such lesser amount as
may be agreed to by Company and Administrative Agent or as shall constitute the aggregate
amount of the Tranche C Term Loan or New Term Loans of the assigning Lender) with respect to
the assignment of Tranche C Term Loans.

          (d) Mechanics. The assigning Lender and the assignee thereof shall execute and
deliver to Administrative Agent an Assignment Agreement, together with such forms, certificates or
other evidence, if any, with respect to United States federal income tax withholding matters as the
assignee under such Assignment Agreement may be required to deliver to Administrative Agent
pursuant to Section 2.20(c).

          (e) Notice of Assignment. Upon its receipt of a duly executed and completed
Assignment Agreement (and any forms, certificates or other evidence required by this Agreement in
connection therewith), Administrative Agent shall record the information contained in such
Assignment Agreement in the Register, shall give prompt notice thereof to Company and shall
maintain a copy of such Assignment Agreement.

          (f) Representations and Warranties of Assignee. Each Lender, upon execution and
delivery hereof or upon executing and delivering an Assignment Agreement, as the case may be,
represents and warrants as of the Effective Date or as of the applicable Effective Date (as defined
in the applicable Assignment Agreement) that (i) it is an Eligible Assignee; (ii) it has experience
and expertise in the making of or investing in commitments or loans such as the applicable
Commitments or Loans, as the case may be; and (iii) it will make or invest in, as the case may be,
its Commitments or Loans for its own account in the ordinary course of its business and without a
view to distribution of such Commitments or Loans within the meaning of the Securities Act or the
Exchange Act or other federal securities laws (it being understood that, subject to the provisions
of this Section 10.6, the disposition of such Commitments or Loans or any interests therein shall
at all times remain within its exclusive control).

          (g) Effect of Assignment. Subject to the terms and conditions of this Section 10.6,
as of the “Effective Date” specified in the applicable Assignment Agreement: (i) the assignee
thereunder shall have the rights and obligations of a “Lender” hereunder to the extent such rights
and obligations hereunder have been assigned to it pursuant to such Assignment Agreement and shall
thereafter be a party hereto and a “Lender” for all purposes hereof; (ii) the assigning Lender
thereunder shall, to the extent that rights and obligations hereunder have been assigned thereby
pursuant to such Assignment Agreement, relinquish its rights (other than any rights which survive
the termination hereof under Section 10.8) and be released from its obligations hereunder (and, in
the case of an Assignment Agreement covering all or the remaining portion of an assigning Lender’s
rights and obligations hereunder, such Lender shall

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cease to be a party hereto; provided, anything contained in any of the Credit
Documents to the contrary notwithstanding, (y) Issuing Bank shall continue to have all rights and
obligations thereof with respect to such Letters of Credit until the cancellation or expiration of
such Letters of Credit and the reimbursement of any amounts drawn thereunder and (z) such assigning
Lender shall continue to be entitled to the benefit of all indemnities hereunder as specified
herein with respect to matters arising out of the prior involvement of such assigning Lender as a
Lender hereunder); (iii) the Commitments shall be modified to reflect the Commitment of such
assignee and any Revolving Commitment of such assigning Lender, if any; and (iv) if any such
assignment occurs after the issuance of any Note hereunder, the assigning Lender shall, upon the
effectiveness of such assignment or as promptly thereafter as practicable, surrender its applicable
Notes to Administrative Agent for cancellation, and thereupon Company shall issue and deliver new
Notes, if so requested by the assignee and/or assigning Lender, to such assignee and/or to such
assigning Lender, with appropriate insertions, to reflect the new Revolving Commitments and/or
outstanding Loans of the assignee and/or the assigning Lender.

          (h) Participations. Each Lender shall have the right at any time to sell one or more
participations to any Person (other than Holdings, any of its Subsidiaries or any of its
Affiliates) in all or any part of its Commitments, Loans or in any other Obligation. The holder of
any such participation, other than an Affiliate of the Lender granting such participation, shall
not be entitled to require such Lender to take or omit to take any action hereunder except with
respect to any amendment, modification or waiver that would (i) extend the final scheduled maturity
of any Loan, Note or Letter of Credit (unless such Letter of Credit is not extended beyond the
Revolving Commitment Termination Date) in which such participant is participating, or reduce the
rate or extend the time of payment of interest or fees thereon (except in connection with a waiver
of applicability of any post-default increase in interest rates) or reduce the principal amount
thereof, or increase the amount of the participant’s participation over the amount thereof then in
effect (it being understood that a waiver of any Default or Event of Default or of a mandatory
reduction in the Commitment shall not constitute a change in the terms of such participation, and
that an increase in any Commitment or Loan shall be permitted without the consent of any
participant if the participant’s participation is not increased as a result thereof), (ii) consent
to the assignment or transfer by any Credit Party of any of its rights and obligations under this
Agreement or (iii) release all or substantially all of the Collateral under the Collateral
Documents (except as expressly provided in the Credit Documents) supporting the Loans hereunder in
which such participant is participating. Company agrees that each participant shall be entitled
to the benefits of Sections 2.18(c), 2.19 and 2.20 to the same extent as if it were a Lender and
had acquired its interest by assignment pursuant to paragraph (c) of this Section;
provided, (i) a participant shall not be entitled to receive any greater payment under
Section 2.19 or 2.20 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 Company’s prior written consent and (ii) a participant that would be a
Non-US Lender if it were a Lender shall not be entitled to the benefits of Section 2.20 unless
Company is notified of the participation sold to such participant and such participant agrees, for
the benefit of Company, to comply with Section 2.20 as though it were a Lender. To the extent
permitted by law, each participant also shall be entitled to the benefits of Section 10.4 as though
it were a Lender, provided such Participant agrees to be subject to Section 2.17 as though it were
a Lender.

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          (i) Certain Other Assignments. In addition to any other assignment permitted pursuant
to this Section 10.6, (i) any Lender may assign and/or pledge all or any portion of its Loans, the
other Obligations owed by or to such Lender, and its Notes, if any, to secure obligations of such
Lender including, without limitation, any Federal Reserve Bank as collateral security pursuant to
Regulation A of the Board of Governors of the Federal Reserve System and any operating circular
issued by such Federal Reserve Bank; provided, no Lender, as between Company and such
Lender, shall be relieved of any of its obligations hereunder as a result of any such assignment
and pledge, and provided further, in no event shall the applicable Federal Reserve
Bank, pledgee or trustee be considered to be a “Lender” or be entitled to require the assigning
Lender to take or omit to take any action hereunder.

     10.7. Independence of Covenants. All covenants hereunder shall be given independent effect so
that if a particular action or condition is not permitted by any of such covenants, the fact that
it would be permitted by an exception to, or would otherwise be within the limitations of, another
covenant shall not avoid the occurrence of a Default or an Event of Default if such action is taken
or condition exists.

     10.8. Survival of Representations, Warranties and Agreements. All representations, warranties
and agreements made herein shall survive the execution and delivery hereof and the making of any
Credit Extension. Notwithstanding anything herein or implied by law to the contrary, the
agreements of each Credit Party set forth in Sections 2.18(c), 2.19, 2.20, 10.2, 10.3 and 10.4 and
the agreements of Lenders set forth in Sections 2.17, 9.3(b) and 9.6 shall survive the payment of
the Loans, the cancellation or expiration of the Letters of Credit and the reimbursement of any
amounts drawn thereunder, and the termination hereof.

     10.9. No Waiver; Remedies Cumulative. No failure or delay on the part of any Agent or any
Lender in the exercise of any power, right or privilege hereunder or under any other Credit
Document shall impair such power, right or privilege or be construed to be a waiver of any default
or acquiescence therein, nor shall any single or partial exercise of any such power, right or
privilege preclude other or further exercise thereof or of any other power, right or privilege.
The rights, powers and remedies given to each Agent and each Lender hereby are cumulative and shall
be in addition to and independent of all rights, powers and remedies existing by virtue of any
statute or rule of law or in any of the other Credit Documents or any of the Hedge Agreements. Any
forbearance or failure to exercise, and any delay in exercising, any right, power or remedy
hereunder shall not impair any such right, power or remedy or be construed to be a waiver thereof,
nor shall it preclude the further exercise of any such right, power or remedy.

     10.10. Marshalling; Payments Set Aside. Neither any Agent nor any Lender shall be under any
obligation to marshal any assets in favor of any Credit Party or any other Person or against or in
payment of any or all of the Obligations. To the extent that any Credit Party makes a payment or
payments to Administrative Agent or Lenders (or to Administrative Agent, on behalf of Lenders), or
Administrative Agent or Lenders enforce any security interests or exercise their rights of setoff, and such payment or
payments or the proceeds of such enforcement or setoff or any part thereof are subsequently
invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to a
trustee, receiver or any other party under any

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bankruptcy law, any other state or federal law,
common law or any equitable cause, then, to the extent of such recovery, the obligation or part
thereof originally intended to be satisfied, and all Liens, rights and remedies therefore or
related thereto, shall be revived and continued in full force and effect as if such payment or
payments had not been made or such enforcement or setoff had not occurred.

     10.11. Severability. In case any provision in or obligation hereunder or any Note shall be
invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of
the remaining provisions or obligations, or of such provision or obligation in any other
jurisdiction, shall not in any way be affected or impaired thereby.

     10.12. Obligations Several; Independent Nature of Lenders’ Rights. The obligations of Lenders
hereunder are several and no Lender shall be responsible for the obligations or Commitment of any
other Lender hereunder. Nothing contained herein or in any other Credit Document, and no action
taken by Lenders pursuant hereto or thereto, shall be deemed to constitute Lenders as a
partnership, an association, a joint venture or any other kind of entity. The amounts payable at
any time hereunder to each Lender shall be a separate and independent debt, and each Lender shall
be entitled to protect and enforce its rights arising out hereof and it shall not be necessary for
any other Lender to be joined as an additional party in any proceeding for such purpose.

     10.13. Headings. Section headings herein are included herein for convenience of reference
only and shall not constitute a part hereof for any other purpose or be given any substantive
effect.

     10.14. APPLICABLE LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER
SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE
OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF.

     10.15. CONSENT TO JURISDICTION. ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY CREDIT PARTY
ARISING OUT OF OR RELATING HERETO OR ANY OTHER CREDIT DOCUMENT, OR ANY OF THE OBLIGATIONS, MAY BE
BROUGHT IN ANY STATE OR FEDERAL COURT OF COMPETENT JURISDICTION IN THE STATE, COUNTY AND CITY OF
NEW YORK. BY EXECUTING AND DELIVERING THIS AGREEMENT, EACH CREDIT PARTY, FOR ITSELF AND IN
CONNECTION WITH ITS PROPERTIES, IRREVOCABLY (a) ACCEPTS GENERALLY AND UNCONDITIONALLY THE NONEXCLUSIVE
JURISDICTION AND VENUE OF SUCH COURTS; (b) WAIVES ANY DEFENSE OF FORUM NON CONVENIENS; (c) AGREES
THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY BE MADE BY REGISTERED OR
CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO THE APPLICABLE CREDIT PARTY AT ITS ADDRESS PROVIDED IN
ACCORDANCE WITH SECTION 10.1; (d) AGREES THAT SERVICE AS PROVIDED IN CLAUSE (c) ABOVE IS SUFFICIENT
TO CONFER PERSONAL JURISDICTION OVER THE APPLICABLE

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CREDIT PARTY IN ANY SUCH PROCEEDING IN ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT; AND (e) AGREES
AGENTS AND LENDERS RETAIN THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO
BRING PROCEEDINGS AGAINST ANY CREDIT PARTY IN THE COURTS OF ANY OTHER JURISDICTION.

     10.16. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY AGREES TO WAIVE ITS RESPECTIVE
RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING HEREUNDER OR UNDER ANY
OF THE OTHER CREDIT DOCUMENTS OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS
LOAN TRANSACTION OR THE LENDER/COMPANY RELATIONSHIP THAT IS BEING ESTABLISHED. THE SCOPE OF THIS
WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT
AND THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION, INCLUDING CONTRACT CLAIMS, TORT CLAIMS,
BREACH OF DUTY CLAIMS AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. EACH PARTY HERETO
ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP, THAT
EACH HAS ALREADY RELIED ON THIS WAIVER IN ENTERING INTO THIS AGREEMENT, AND THAT EACH WILL CONTINUE
TO RELY ON THIS WAIVER IN ITS RELATED FUTURE DEALINGS. EACH PARTY HERETO FURTHER WARRANTS AND
REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT IT KNOWINGLY AND
VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS
IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER THAN BY A
MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS SECTION 10.16 AND EXECUTED BY EACH OF THE
PARTIES HERETO), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR
MODIFICATIONS HERETO OR ANY OF THE OTHER CREDIT DOCUMENTS OR TO ANY OTHER DOCUMENTS OR AGREEMENTS
RELATING TO THE LOANS MADE HEREUNDER. IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE FILED AS A
WRITTEN CONSENT TO A TRIAL BY THE COURT.

     10.17. Confidentiality. Each Lender shall hold all non-public information regarding Company and its Subsidiaries
and their businesses identified as such by Company and obtained by such Lender pursuant to the
requirements hereof in accordance with such Lender’s customary procedures for handling confidential
information of such nature and in accordance with prudent lending or investing practices, it being
understood and agreed by Company that, in any event, a Lender may make (i) disclosures of such
information to Affiliates of such Lender and to their agents and advisors (and to other persons
authorized by a Lender or Agent to organize, present or disseminate such information in connection
with disclosures otherwise made in accordance with this Section 10.17), (ii) disclosures of such
information reasonably required by any bona fide or potential assignee, transferee or participant
in connection with the contemplated assignment,

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transfer or participation by such Lender of any
Loans or any participations therein or by any direct or indirect contractual counterparties (or the
professional advisors thereto) in Hedge Agreements (provided, such counterparties and advisors are
advised of and agree to be bound by the provisions of this Section 10.17), (iii) disclosure to any
rating agency when required by it, provided that, prior to any disclosure, such rating
agency shall undertake in writing to preserve the confidentiality of any confidential information
relating to the Credit Parties received by it from any of the Agents or any Lender, and (iv)
disclosures required or requested by any governmental agency or representative thereof or by the
NAIC or pursuant to legal or judicial process; provided, unless specifically prohibited by
applicable law or court order, each Lender shall make reasonable efforts to notify Company of any
request by any governmental agency or representative thereof (other than any such request in
connection with any examination of the financial condition or other routine examination of such
Lender by such governmental agency) for disclosure of any such non-public information prior to
disclosure of such information. Notwithstanding anything to the contrary set forth herein, each
party (and each of their respective employees, representatives or other agents) may disclose to any
and all persons, without limitations of any kind, the tax treatment and tax structure of the
transactions contemplated by this Agreement and all materials of any kind (including opinions and
other tax analyses) that are provided to any such party relating to such tax treatment and tax
structure. However, any information relating to the tax treatment or tax structure shall remain
subject to the confidentiality provisions hereof (and the foregoing sentence shall not apply) to
the extent reasonably necessary to enable the parties hereto, their respective Affiliates, and
their and their respective Affiliates’ directors and employees to comply with applicable securities
laws. For this purpose, “tax structure” means any facts relevant to the federal income tax
treatment of the transactions contemplated by this Agreement but does not include information
relating to the identity of any of the parties hereto or any of their respective Affiliates.

     10.18. Press Releases and Related Matters. Each Credit Party executing this Agreement agrees
that neither it nor its Affiliates will in the future issue any press releases or other public
disclosure using the name of GECC or its affiliates or referring to this Agreement or the other
Credit Documents without at least two (2) Business Days’ prior notice to GECC and without the prior
written consent of GECC unless (and only to the extent that) such Credit Party or Affiliate is
required to do so under law and then, in any event, such Credit Party or Affiliate will consult
with GECC before issuing such press release or other public disclosure. Each Credit Party consents
to the publication by Administrative Agent or any Lender of advertising material relating to the
financing transactions contemplated by this Agreement using Company’s name, product photographs, logo or trademark.
Administrative Agent or such Lender shall provide a draft of any advertising material to each
Credit Party for review and comment prior to the publication thereof. Administrative Agent
reserves the right to provide to industry trade organizations information necessary and customary
for inclusion in league table measurements.

     10.19. Usury Savings Clause. Notwithstanding any other provision herein, the aggregate
interest rate charged with respect to any of the Obligations, including all charges or fees in
connection therewith deemed in the nature of interest under applicable law shall not exceed the
Highest Lawful Rate. If the rate of interest (determined without regard to the preceding sentence)
under this Agreement at any time exceeds the Highest Lawful Rate, the outstanding amount of the
Loans made hereunder shall bear interest at the Highest Lawful Rate

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until the total amount of interest due hereunder equals the amount of interest which would have been due hereunder if the
stated rates of interest set forth in this Agreement had at all times been in effect. In addition,
if when the Loans made hereunder are repaid in full the total interest due hereunder (taking into
account the increase provided for above) is less than the total amount of interest which would have
been due hereunder if the stated rates of interest set forth in this Agreement had at all times
been in effect, then to the extent permitted by law, Company shall pay to Administrative Agent an
amount equal to the difference between the amount of interest paid and the amount of interest which
would have been paid if the Highest Lawful Rate had at all times been in effect. Notwithstanding
the foregoing, it is the intention of Lenders and Company to conform strictly to any applicable
usury laws. Accordingly, if any Lender contracts for, charges, or receives any consideration which
constitutes interest in excess of the Highest Lawful Rate, then any such excess shall be cancelled
automatically and, if previously paid, shall at such Lender’s option be applied to the outstanding
amount of the Loans made hereunder or be refunded to Company.

     10.20. Reaffirmation and Grant of Security Interest.

          (a) Each Credit Party has (i) guarantied the Obligations and (ii) created Liens in favor of
Lenders on certain Collateral to secure its obligations under Section 7 of the Existing Credit
Agreement. Each Credit Party hereby acknowledges that it has reviewed the terms and provisions of
this Agreement and consents to the amendment and restatement of the Existing Credit Agreement
effected pursuant to this Agreement. Each Credit Party hereby (i) confirms that each Credit
Document to which it is a party or is otherwise bound and all Collateral encumbered thereby,
including, without limitation, “Closing Date Mortgaged Properties” (as defined in the Existing
Credit Agreement) will continue to guarantee or secure, as the case may be, to the fullest extent
possible in accordance with the Credit Documents, the payment and performance of all Guaranteed
Obligations under this Agreement and the Secured Obligations (as such term is defined in the Pledge
and Security Agreement) under the Pledge and Security Agreement, as the case may be, including
without limitation the payment and performance of all such Guaranteed Obligations under this
Agreement and the Secured Obligations under the Pledge and Security Agreement joint and several
obligations of each grantor now or hereafter
existing, and (ii) grants to the Collateral Agent for the benefit of the Secured Parties (as
such term is defined in the Pledge and Security Agreement) a continuing lien on and security
interest in and to such Credit Party’s right, title and interest in, to and under all Collateral as
collateral security for the prompt payment and performance in full when due of the Guaranteed
Obligations under this Agreement and the Secured Obligations under the Pledge and Security
Agreement (whether at stated maturity, by acceleration or otherwise).

          (b) Each Credit Party acknowledges and agrees that any of the Credit Documents to which it is
a party or otherwise bound shall continue in full force and effect and that all of its obligations
thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or
effectiveness of the amendment and restatement of the Existing Credit Agreement. Each Credit Party
represents and warrants that all representations and warranties contained in the Credit Documents
to which it is a party or otherwise bound are true, correct and complete in all material respects
on and as of the Effective Date to the same extent as though made on and as of that date, except to
the extent such representations and warranties

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specifically relate to an earlier date, in which
case they were true, correct and complete in all material respects on and as of such earlier date.

     10.21. Counterparts. This Agreement may be executed in any number of counterparts, each of
which when so executed and delivered shall be deemed an original, but all such counterparts
together shall constitute but one and the same instrument.

     10.22. USA PATRIOT Act. Each Lender hereby notifies the Company that pursuant to the
requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26,
2001)) (the “Act"), it is required to obtain, verify and record information that identifies the
Company, which information includes the name and address of the Company and other information that
will allow such Lender to identify the Company in accordance with the Act.

     10.23. Effectiveness. This Agreement shall become effective upon the execution of a
counterpart hereof by each of the parties hereto and receipt by Company and Administrative Agent of
written or telephonic notification of such execution and authorization of delivery thereof. It is
the intention of each of the parties hereto that the Existing Credit Agreement be amended and
restated so as to preserve the perfection and priority of all security interests securing
indebtedness and obligations under the Existing Credit Agreement and that all Indebtedness and
Obligations of Company and its Subsidiaries hereunder and thereunder shall be secured by the
Collateral Documents and that this Agreement does not constitute a novation of the obligations and
liabilities existing under the Existing Credit Agreement. The parties hereto further acknowledge
and agree that this Agreement constitutes an amendment of the Existing Credit Agreement made under
and in accordance with the terms of subsection 10.5 of the Existing Credit Agreement. In addition,
unless specifically amended hereby, each of the Credit Documents, the Exhibits and Schedules to
the Existing Credit Agreement shall continue in full force and effect and that, from and after
the Effective Date, all references to the “Credit Agreement” contained therein shall be deemed to
refer to this Agreement.

     10.24. Reinstatement. This Agreement shall remain in full force and effect and continue to be
effective should any petition be filed by or against any Credit Party for liquidation or
reorganization, should any Credit Party become insolvent or make an assignment for the benefit of
any creditor or creditors or should a receiver or trustee be appointed for all or any significant
part of any Credit Party’s assets, and shall continue to be effective or to be reinstated, as the
case may be, if at any time payment and performance of the Obligations, or any part thereof, is,
pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or
returned by any obligee of the Obligations, whether as a “voidable preference,” “fraudulent
conveyance,” or otherwise, all as though such payment or performance had not been made. In the
event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the
Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded,
reduced, restored or returned.

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

	 	 	 	 	 
	 	 	AMERICAN REPROGRAPHICS COMPANY, L.L.C.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Mark W. Legg
	 

	 	 	 	 
	 	 	Name: Mark W. Legg
	 	 	Title: Chief Financial Officer
	 
	 	 	 	 
	 	 	AMERICAN REPROGRAPHICS COMPANY
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Mark W. Legg
	 

	 	 	 	 
	 	 	Name: Mark W. Legg
	 	 	Title: Chief Financial Officer
	 
	 	 	 	 
	 	 	AMERICAN REPROGRAPHICS HOLDINGS, L.L.C.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Mark W. Legg
	 

	 	 	 	 
	 	 	Name: Mark W. Legg
	 	 	Title: Chief Financial Officer

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GUARANTOR SUBSIDIARIES

	 	 	 	 	 
	 	ARC ACQUISITION CORPORATION

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	BLUE PRINT SERVICE COMPANY,

INC.

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	INPRINT CORPORATION

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	RHODE ISLAND BLUEPRINT CO.

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	OLYMPIC BLUEPRINT CO., INC.

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	LEET-MELBROOK, INC.

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	PENINSULA BLUEPRINT, INC.

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 

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	 	QUALITY REPROGRAPHIC

SERVICES, INC.

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	MIRROR PLUS TECHNOLOGIES,

INC.

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	E. PAVILION, L.L.C.

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	FRANKLIN GRAPHICS

CORPORATION

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	ENGINEERING REPRO SYSTEMS,

INC.

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	WEST SIDE REPROGRAPHICS, INC.

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	DUNN BLUE PRINT COMPANY

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 

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	 	TAMPA REPROGRAPHICS & SUPPLY

COMPANY

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	OCB, LLC

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	COMMERCIAL GRAPHICS

CORPORATION

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	FORD S.F., L.L.C.

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	A&E ARCHITECTURAL &

ENGINEERING SUPPLY COMPANY

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 

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	 	RIDGWAY’S, LTD.	 
	 

	 	 	 	 
	 

	 	 	By: Ridway’s GP, LLC
 its General Partner
	 
	 

	 	 	 	 
	 

	 	By: 	 /s/ Mark W. Legg	 
	 	 

	 	 	 
	 

	 	 	Name: Mark W. Legg	 
	 

	 	 	Title:   Manager	 

	 	 	 	 	 
	 	REPROGRAPHICS NORTHWEST,

LLC

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	WILCO REPROGRAPHICS, INC.

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	BPI REPRO, LLC

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	RIDGWAY’S GP, LLC

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	RIDGWAY’S LP, LLC

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	THE PEiR GROUP, LLC

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 

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	 	THE PEiR GROUP INTERNATIONAL,

LLC

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	LICENSING SERVICES

INTERNATIONAL, LLC

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	PLANWELL, LLC

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	AMERICAN REPROGRAPHICS

MIDCO, L.L.C.

 	 
	 	By:  	/s/ Mark W. Legg
 	 
	 	 	Name:  	Mark W. Legg 	 
	 	 	Title:  	Chief Financial Officer 	 

A&R FIRST LIEN

CREDIT AND GUARANTY AGREEMENT

S-6

 

	 	 	 	 	 
	LENDERS
	 	 	 	 
	 

	 	GOLDMAN SACHS CREDIT PARTNERS L.P.,	 
	 

	 	as Lead Arranger, Sole Bookrunner, Syndication Agent	 
	 
	 	 	 	 
	 

	 	By: 	 /s/ Elizabeth Fischer	 
	 

	 	 	 	 
	 

	 	 	Authorized Signatory	 

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CREDIT AND GUARANTY AGREEMENT

S-7

 

	 	 	 	 	 
	 	GENERAL ELECTRIC CAPITAL

CORPORATION,

as Administrative Agent, Collateral Agent, Swing Line

Lender, Issuing Bank and a Lender

 	 
	 	By:  	/s/ Ken A. Brown
 	 
	 	 	Name:  	Ken A. Brown 	 
	 	 	Title:  	Vice President 	 

A&R FIRST LIEN

CREDIT AND GUARANTY AGREEMENT

S-8

 

	 	 	 	 	 

	 	 	 	 	 
	 	LASALLE BANK NATIONAL ASSOCIATION,

as a Lender

 	 
	 	By:  	/s/ Keith J. Cable
 	 
	 	 	Name:  	Keith J. Cable 	 
	 	 	Title:  	Vice President 	 

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CREDIT AND GUARANTY AGREEMENT

S-9

 

	 	 	 	 	 

APPENDIX B

TO CREDIT AND GUARANTY AGREEMENT

Notice Addresses

AMERICAN REPROGRAPHICS COMPANY, L.L.C.

700 North Central Avenue, Suite 550

Glendale, CA 91203

Attention:     Chief Financial Officer

Telecopier:    (626) 441-6649

AMERICAN REPROGRAPHICS HOLDINGS, L.L.C.

700 North Central Avenue, Suite 550

Glendale, CA 91203

Attention:    Chief Financial Officer

Telecopier:   (626) 441-6649

FOR EACH GUARANTOR SUBSIDIARY:

700 North Central Avenue, Suite 550

Glendale, CA 91203

Attention:     Chief Financial Officer

Telecopier:   (626) 441-6649

in each case, with a copy to:

Code Hennessy & Simmons

10 South Wacker Drive, Suite 3175

Chicago, IL 60606

Attention:     Thomas J. Formolo

Telecopier:    (312) 876-3851

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CREDIT AND GUARANTY AGREEMENT

APPENDIX-B-1

 

GOLDMAN SACHS CREDIT PARTNERS L.P.,

as Lead Arranger, Sole Bookrunner, Syndication Agent and a Lender

Goldman Sachs Credit Partners L.P.

85 Broad Street

New York, New York 10004

Attention: Elizabeth Fischer

Telecopier: (212) 357-9110

e-mail: elizabeth.fischer@gs.com

with a copy to:

Goldman Sachs Credit Partners L.P.

30 Hudson Street

Jersey City, NJ 07302-4699

Attention: Pedro Ramirez

Telecopier: (917) 343-8319

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CREDIT AND GUARANTY AGREEMENT

APPENDIX-B-2

 

GENERAL ELECTRIC CAPITAL CORPORATION,

as Administrative Agent, Collateral Agent,

Swing Line Lender, Issuing Bank and a Lender

Administrative Agent’s, Collateral Agent’s, Swing Line Lender’s

And Issuing Bank’s Principal Office:

General Electric Capital Corporation

500 West Monroe Street, 17th Floor

Chicago, Illinois 60661

Attention: Ken A. Brown

Telecopier: 312-463-3848

in each case, with a copy to:

General Electric Capital Corporation

500 West Monroe Street, 16th Floor

Chicago, Illinois 60661

Attention: Steven Roth, Corporate Counsel

Telecopier: 312-441-6876

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CREDIT AND GUARANTY AGREEMENT

APPENDIX-B-3

 

SCHEDULE 6.5(g)

Permitted Cash Payments of Additional Earn-Out Obligations

	 	 	 	 	 
	 	 	Permitted Cash Payment
of
 Additional Earn-Out	 
	Fiscal Year	 	Obligations	 
	2005
	 	$	7,000,000	 
	 
	 	 	 
	2006
	 	$	9,000,000	 
	 
	 	 	 
	2007 and thereafter
	 	$	11,000,000	 
	 
	 	 	 

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SCHEDULE- 6.5(g

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