Document:

exv4w18

Exhibit 4.18

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO CERTAIN PORTIONS OF THIS AGREEMENT.
CONFIDENTIAL PORTIONS HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE U.S. SECURITIES AND EXCHANGE
COMMISSION.

 

 

AMENDED AND RESTATED CREDIT AGREEMENT

Dated as of November 2, 2009

among

SIMS GROUP USA HOLDINGS CORPORATION,

and

CERTAIN AFFILIATES

as Borrowers,

BANK OF AMERICA, N.A.

as Lender

 

 

[*] Confidential Treatment Requested

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	Section	 	 	 	Page
	 
	 	 	 	 	 	 
	ARTICLE I. DEFINITIONS AND ACCOUNTING TERMS	 	 	2	 
	1.01

	 	Defined Terms
	 	 	2	 
	1.02

	 	Other Interpretive Provisions
	 	 	19	 
	1.03

	 	Accounting Terms
	 	 	20	 
	1.04

	 	Exchange Rates; Currency Equivalents
	 	 	20	 
	1.05

	 	Additional Alternative Currencies
	 	 	21	 
	1.06

	 	Change of Currency
	 	 	21	 
	1.07

	 	Times of Day
	 	 	22	 
	1.08

	 	Letter of Credit Amounts
	 	 	22	 
	 
	 	 	 	 	 	 
	ARTICLE II. THE COMMITMENT AND CREDIT EXTENSIONS	 	 	22	 
	2.01

	 	Loans
	 	 	22	 
	2.02

	 	Borrowings, Conversions and Continuations of Loans
	 	 	23	 
	2.03

	 	Letters of Credit
	 	 	24	 
	2.04

	 	Prepayments
	 	 	30	 
	2.05

	 	Termination or Reduction of Commitment
	 	 	31	 
	2.06

	 	Repayment of Loans
	 	 	31	 
	2.07

	 	Interest.
	 	 	31	 
	2.08

	 	Fees
	 	 	32	 
	2.09

	 	Computation of Interest and Fees
	 	 	33	 
	2.10

	 	Evidence of Debt
	 	 	33	 
	2.11

	 	Payments Generally
	 	 	33	 
	2.12

	 	Designated Borrowers
	 	 	34	 
	2.13

	 	Extension of Maturity Date
	 	 	35	 
	 
	 	 	 	 	 	 
	ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY	 	 	35	 
	3.01

	 	Taxes
	 	 	35	 
	3.02

	 	Illegality
	 	 	36	 
	3.03

	 	Inability to Determine Rates
	 	 	36	 
	3.04

	 	Increased Costs; Reserves on Eurocurrency Rate Loans
	 	 	37	 
	3.05

	 	Compensation for Losses
	 	 	39	 
	3.06

	 	Survival
	 	 	40	 
	 
	 	 	 	 	 	 
	ARTICLE IV. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS	 	 	40	 
	4.01

	 	Conditions of Initial Credit Extension
	 	 	40	 
	4.02

	 	Conditions to all Credit Extensions
	 	 	41	 
	 
	 	 	 	 	 	 
	ARTICLE V. REPRESENTATIONS AND WARRANTIES	 	 	42	 
	5.01

	 	Existence, Qualification and Power
	 	 	42	 
	5.02

	 	Authorization; No Contravention
	 	 	42	 
	5.03

	 	Governmental Authorization; Other Consents
	 	 	43	 
	5.04

	 	Binding Effect
	 	 	43	 
	5.05

	 	Litigation
	 	 	43	 
	5.06

	 	No Default
	 	 	43	 
	5.07

	 	Ownership of Property; Liens
	 	 	43	 
	5.08

	 	Environmental Compliance
	 	 	43	 
	5.09

	 	ERISA Compliance
	 	 	43	 

[*] Confidential Treatment Requested

i

 

	 	 	 	 	 	 	 
	Section	 	 	 	Page
	 
	 	 	 	 	 	 
	5.10

	 	Subsidiaries; Equity Interests
	 	 	44	 
	5.11

	 	Margin Regulations; Investment Company Act; Public
Utility Holding Company Act
	 	 	44	 
	5.12

	 	Disclosure
	 	 	45	 
	5.13

	 	Compliance with Laws
	 	 	45	 
	5.14

	 	Taxpayer Identification Number; Other Identifying Information
	 	 	45	 
	5.15

	 	No Filing or Stamp Taxes
	 	 	45	 
	5.16

	 	Taxation
	 	 	45	 
	5.17

	 	Pari Passu
	 	 	45	 
	5.18

	 	Governing Law and Enforcement
	 	 	45	 
	5.19

	 	Not a Trustee
	 	 	45	 
	5.20

	 	Commercial Benefit
	 	 	46	 
	5.21

	 	Full Disclosure
	 	 	46	 
	5.22

	 	Litigation
	 	 	46	 
	5.23

	 	Representations True
	 	 	46	 
	5.24

	 	Latest Audited Financial Statements; No Material Adverse Effect
	 	 	46	 
	 
	 	 	 	 	 	 
	ARTICLE VI. AFFIRMATIVE COVENANTS	 	 	46	 
	6.01

	 	Information
	 	 	46	 
	6.02

	 	Notices
	 	 	46	 
	6.03

	 	Payment of Obligations
	 	 	46	 
	6.04

	 	Preservation of Existence, Etc.
	 	 	47	 
	6.05

	 	Maintenance of Properties; Conduct of Business; Insurance
	 	 	47	 
	6.06

	 	Compliance with Laws
	 	 	48	 
	6.07

	 	Books and Records
	 	 	48	 
	6.08

	 	Use of Proceeds
	 	 	48	 
	6.09

	 	Most Favored Nations Status
	 	 	48	 
	 
	 	 	 	 	 	 
	ARTICLE VII. NEGATIVE COVENANTS	 	 	49	 
	7.01

	 	Liens
	 	 	49	 
	7.02

	 	Fundamental Changes
	 	 	49	 
	7.03

	 	Dispositions
	 	 	49	 
	7.04

	 	Change in Nature of Business
	 	 	49	 
	7.05

	 	Finance Debt
	 	 	49	 
	7.06

	 	Use of Proceeds
	 	 	50	 
	7.07

	 	Negative Pledge
	 	 	50	 
	7.08

	 	Swap Contracts
	 	 	50	 
	 
	 	 	 	 	 	 
	ARTICLE VIII. CROSS-GUARANTY	 	 	50	 
	8.01

	 	Cross-Guaranty
	 	 	50	 
	8.02

	 	Limitation of Liability
	 	 	51	 
	8.03

	 	Liability of Borrowers Absolute
	 	 	51	 
	8.04

	 	Waivers by Borrowers
	 	 	52	 
	8.05

	 	Borrower’s Rights of Subrogation, Contribution, Etc.
	 	 	53	 
	8.06

	 	Continuing Guaranty; Reinstatement of Guaranty
	 	 	54	 
	8.07

	 	Indemnity and Contribution
	 	 	54	 
	8.08

	 	Liability Cumulative
	 	 	55	 
	 
	 	 	 	 	 	 
	ARTICLE IX. EVENTS OF DEFAULT AND REMEDIES	 	 	55	 
	9.01

	 	Events of Default
	 	 	55	 
	9.02

	 	Remedies Upon Event of Default
	 	 	59	 
	9.03

	 	Application of Funds
	 	 	60	 

[*] Confidential Treatment Requested

ii

 

	 	 	 	 	 	 	 
	Section	 	 	 	Page
	 
	 	 	 	 	 	 
	9.04

	 	Review Event
	 	 	60	 
	 
	 	 	 	 	 	 
	ARTICLE X. MISCELLANEOUS	 	 	60	 
	10.01

	 	Amendments, Etc.
	 	 	60	 
	10.02

	 	Notices; Effectiveness; Electronic Communication
	 	 	60	 
	10.03

	 	No Waiver; Cumulative Remedies
	 	 	62	 
	10.04

	 	Expenses; Indemnity; Damage Waiver
	 	 	62	 
	10.05

	 	Payments Set Aside
	 	 	63	 
	10.06

	 	Successors and Assigns
	 	 	63	 
	10.07

	 	Treatment of Certain Information; Confidentiality
	 	 	65	 
	10.08

	 	Right of Setoff
	 	 	66	 
	10.09

	 	Interest Rate Limitation
	 	 	66	 
	10.10

	 	Counterparts; Integration; Effectiveness
	 	 	67	 
	10.11

	 	Survival of Representations and Warranties
	 	 	67	 
	10.12

	 	Severability
	 	 	67	 
	10.13

	 	Governing Law; Jurisdiction; Etc.
	 	 	67	 
	10.14

	 	Waiver of Jury Trial
	 	 	68	 
	10.15

	 	USA PATRIOT Act Notice
	 	 	68	 
	10.16

	 	Time of the Essence
	 	 	69	 
	10.17

	 	Judgment Currency
	 	 	69	 
	10.18

	 	Amendment and Restatement
	 	 	69	 

SCHEDULES

	1.01	 	Mandatory Cost Formulae
	 
	5.12	 	Subsidiaries; Other Equity Investments
	 
	10.02	 	Lender’s Office; Certain Addresses for Notices

EXHIBITS

Form of

	A 	 	Loan Notice
	 
	B 	 	Note
	 
	C 	 	Guaranty
	 
	D 	 	Designated Borrower Request and Assumption Agreement
	 
	E 	 	Designated Borrower Notice

[*] Confidential Treatment Requested

iii

 

AMENDED AND RESTATED CREDIT AGREEMENT

     This AMENDED AND RESTATED CREDIT AGREEMENT (“Agreement”) is entered into as of
November 2, 2009, among SIMS GROUP USA HOLDINGS CORPORATION, a Delaware corporation, formerly known
as Sims Hugo Neu Corporation (the “Company”), SIMS GROUP GLOBAL TRADE CORPORATION, a
Delaware corporation, successor by merger to Sims Hugo Neu Global Trade LLC (“Global
Trade”), HNE RECYCLING LLC, a Delaware limited liability company (“HNE Recycling”), HNW
RECYCLING LLC, a Delaware limited liability company (“HNW Recycling”), SIMSMETAL EAST LLC,
a Delaware limited liability company, successor to Sims Hugo Neu East (General Partnership), a New
York general partnership (“SHN East”), SIMSMETAL WEST LLC, a Delaware limited liability
company, successor to Sims Hugo Neu West (General Partnership), a California general partnership
(“SHN West”), SIMS GROUP USA CORPORATION, a Delaware corporation (“Sims USA”),
METAL MANAGEMENT, INC., a Delaware corporation (“Metal Management”), MM METAL DYNAMICS
HOLDINGS, INC., a Delaware corporation (“MM Dynamics”), METAL MANAGEMENT MIDWEST, INC., an
Illinois corporation (“MM Midwest”), METAL MANAGEMENT OHIO, INC., an Ohio corporation (“MM
Ohio”), SMM — NORTH AMERICA TRADE CORPORATION, a Delaware corporation, formerly known as Metal
Management S&A Holdings, Inc. (“SMM — North America”), METAL MANAGEMENT WEST COAST
HOLDINGS, INC., a Delaware corporation (“MM West Coast”), METAL MANAGEMENT PROLER
SOUTHWEST, INC., a Delaware corporation (“MM Proler Southwest”), PROLER SOUTHWEST GP, INC.,
a Delaware corporation (“MM Southwest GP”), NAPORANO IRON & METAL, INC., a Delaware
corporation (“Naporano”), METAL MANAGEMENT NORTHEAST, INC., a New Jersey corporation
(“MM Northeast”), and METAL MANAGEMENT NEW HAVEN, INC., a Delaware corporation (“MM New
Haven”), CIM TRUCKING, INC., an Illinois corporation (“CIM”), METAL MANAGEMENT ALABAMA, INC., a
Delaware corporation (“MM Alabama”), METAL MANAGEMENT ARIZONA, L.L.C., an Arizona limited
liability company (“MM Arizona”), METAL MANAGEMENT CONNECTICUT, INC., a Delaware
corporation (“MM Connecticut”), METAL MANAGEMENT INDIANA, INC., an Illinois corporation
(“MM Indiana”), METAL MANAGEMENT MEMPHIS, L.L.C., a Tennessee limited liability company
(“MM Memphis”), METAL MANAGEMENT MISSISSIPPI, INC., a Delaware corporation (“MM
Mississippi”), METAL MANAGEMENT PITTSBURGH, INC., a Delaware corporation (“MM
Pittsburgh”), METAL MANAGEMENT WEST, INC., a Colorado corporation (“MM West”), NEW YORK
RECYCLING VENTURES, INC., a Delaware corporation (“NY Recycling”), PROLER SOUTHWEST LP, a
Texas limited partnership (“Proler Southwest”), RESERVE IRON & METAL LIMITED PARTNERSHIP, a
Delaware limited partnership (“Reserve”), METAL DYNAMICS LLC, a Delaware limited liability
company (“Metal Dynamics”), METAL DYNAMICS DETROIT LLC, a Delaware limited liability
company (“MD Detroit”), METAL DYNAMICS INDIANAPOLIS LLC, a Delaware limited liability
company (“MD Indianapolis”, and together with the Company, Global Trade, HNE Recycling, HNW
Recycling, SHN East, SHN West, Sims USA, Metal Management, MM Dynamics, MM Midwest, MM Ohio, SMM -
North America, MM West Coast, MM Proler Southwest, MM Southwest GP, Naporano, MM Northeast, MM New
Haven, CIM, MM Alabama, MM Arizona, MM Connecticut, MM Indiana, MM Memphis, MM Mississippi, MM
Pittsburgh, MM West, NY Recycling, Proler Southwest,

[*] Confidential Treatment Requested

1

 

Reserve, Metal Dynamics, MD Detroit and any additional Affiliates of the Company becoming a
party hereto as provided in Section 2.12 hereof collectively, the “Designated
Borrowers” and together with the Company, collectively, the “Borrowers” individually, a
“Borrower”), and BANK OF AMERICA, N.A., a national banking association (the
“Lender”).

     A. The Borrowers and the Lender are parties to that certain Credit Agreement dated September
12, 2006 (as amended, supplemented or otherwise modified, the “Prior Credit Agreement”)
pursuant to which the Lender has committed, subject to the terms and conditions therein set forth,
to make Credit Extensions to the Borrowers.

     B. The Borrowers have requested the Lender to make certain modifications to, and amend and
restate in its entirety, the Prior Credit Agreement, which the Lender has agreed to do on the terms
and conditions set forth in this Agreement.

     NOW, THEREFORE, in consideration of the foregoing premises and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree to amend and restate the Prior Credit Agreement as follows:

ARTICLE I.

DEFINITIONS AND ACCOUNTING TERMS

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

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

     “Agreement” means this Credit Agreement.

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

     “Alternative Currency Equivalent” means, at any time, with respect to any amount
denominated in Dollars, the equivalent amount thereof in the applicable Alternative Currency as
determined by the Lender at such time on the basis of the Spot Rate (determined in respect of the
most recent Revaluation Date) for the purchase of such Alternative Currency with Dollars.

     “Alternative Currency Reserve” means, at any time, the Dollar amount equal to 5% of
the Outstanding Amount of Loans denominated in Alternative Currencies at such time.

     “Applicable Margin” means the following percentages per annum, based upon the Cashflow
Gearing Ratio as set forth in the most recent Compliance Certificate received by the Lender
pursuant to Section 5.02(a) of the Guaranty:

[*] Confidential Treatment Requested

2

 

Applicable Margin

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Eurocurrency	 	 
	 	 	 	 	 	 	Rate Loans	 	 
	 	 	Cashflow Gearing	 	 	 	Standby	 	 
	Pricing Level	 	Ratio	 	Commitment Fee	 	Letters of Credit	 	Base Rate Loans
	[*]

	 	[*]
	 	[*]
	 	[*]
	 	[*]

Any increase or decrease in the Applicable Margin resulting from a change in the Cashflow Gearing
Ratio shall become effective as of the first Business Day immediately following the date a
Compliance Certificate is delivered pursuant to Section 5.02(a) of the Guaranty;
provided, however, that if a Compliance Certificate is not delivered when due in
accordance with such Section, then the next higher Pricing Level shall apply from and after the
date on which such Compliance Certificate was due and until the first day of the month following
the Lender’s receipt of such Compliance Certificate.

     “Applicable Time” means, with respect to any borrowings and payments in any
Alternative Currency, the local time in the place of settlement for such Alternative Currency as
may be determined by the Lender to be necessary for timely settlement on the relevant date in
accordance with normal banking procedures in the place of payment.

     “Applicant Borrower” has the meaning specified in Section 2.12.

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

     “Attributable Indebtedness” means, on any date, (a) in respect of any capitalized
lease of any Person, the capitalized amount thereof that would appear on a balance sheet of such
Person prepared as of such date in accordance with GAAP, and (b) in respect of any Synthetic Lease
Obligation, the capitalized amount of the remaining lease payments under the relevant lease that
would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP if
such lease were accounted for as a capitalized lease.

     “Australian Dollar” and “AU$” mean lawful money of Australia.

     “Availability Period” means the period from and including the Closing Date to the
earlier of (a) the Maturity Date and (b) the date of termination of the Commitment.

     “Base Rate” means for any day a fluctuating rate per annum equal to the [*].

     “Base Rate Loan” means a Loan that bears interest based on the Base Rate. All Base
Rate Loans shall be denominated in Dollars.

     “Borrower” and “Borrowers” each has the meaning specified in the introductory
paragraph hereto.

[*] Confidential Treatment Requested

3

 

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

     (a) if such day relates to any interest rate settings as to a Eurocurrency Rate Loan
denominated in Dollars, any fundings, disbursements, settlements and payments in Dollars in
respect of any such Eurocurrency Rate Loan, or any other dealings in Dollars to be carried
out pursuant to this Agreement in respect of any such Eurocurrency Rate Loan, means any such
day on which dealings in deposits in Dollars are conducted by and between banks in the
London interbank eurodollar market;

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

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

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

     “Cash Collateralize” has the meaning specified in Section 2.03(f).

     “Cashflow Gearing Ratio” means the ratio specified in Section 5.10(b) of the
Guaranty.

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

     “Change of Control” means an event or series of events by which:

     (a) the Parent shall cease to have possession, directly or indirectly, of the power to
direct or cause the direction of the management or policies of each Borrower
through the ability to exercise voting power of the equity securities of each such
Borrower; or

[*] Confidential Treatment Requested

4

 

     (b) any Person shall have acquired a “relevant interest” (as such term is defined in
the Corporations Law of Australia) in more than fifty percent (50%) of the equity securities
of the Parent entitled to vote for members of the board of directors of the Parent.

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

     “Code” means the Internal Revenue Code of 1986.

     “Commitment” means the obligation of the Lender to make Loans and L/C Credit
Extensions hereunder in an aggregate principal amount at any one time not to exceed the amount of
$150,000,000, as such amount may be adjusted from time to time in accordance with this Agreement.

     “Company” has the meaning specified in the introductory paragraph hereto.

     “Compliance Certificate” means a certificate substantially in the form of Exhibit
A attached to the Guaranty.

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

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

     “Corporations Act” means the Corporations Act 2001 (Cth) of Australia.

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

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

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

     “Default Rate” means (a) when used with respect to Obligations other than Letter of
Credit Fees, an interest rate equal to (i) the Prime Rate plus (ii) the Applicable Margin
applicable to Base Rate Loans plus (iii) 2% per annum; provided, however,
that with respect to a Eurocurrency Rate Loan, the Default Rate shall be an interest rate equal to
the interest rate

[*] Confidential Treatment Requested

5

 

(including any Applicable Margin and any Mandatory Cost) otherwise applicable to
such Loan plus 2% per annum, and (b) when used with respect to Letter of Credit Fees, a
rate equal to the Applicable Margin applicable to standby Letters of Credit plus 2% per
annum.

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

     “Designated Borrower Notice” has the meaning specified in Section 2.12.

     “Designated Borrower Request and Assumption Agreement” has the meaning specified in
Section 2.12.

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

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

     “Dollar Equivalent” means, at any time, (a) with respect to any amount denominated in
Dollars, such amount, and (b) with respect to any amount denominated in any Alternative Currency,
the equivalent amount thereof in Dollars as determined by the Lender at such time on the basis of
the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of
Dollars with such Alternative Currency.

     “Domestic Affiliate” means any wholly-owned Subsidiary of the Parent that is organized
under the laws of any political subdivision of the United States.

     “Eligible Assignee” means (a) an Affiliate of the Lender; (b) an Approved Fund; and
(c) any other Person (other than a natural person) approved by the Borrower (such approval not to
be unreasonably withheld or delayed); provided that no such approval shall be required if
an Event of Default has occurred and is continuing.

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

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

     “Environmental Laws” means any and all Federal, state, local, and foreign statutes,
laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants,
franchises, licenses, agreements or governmental restrictions relating to pollution and the
protection of the environment or the release of any materials into the environment, including
those related to hazardous substances or wastes, air emissions and discharges to waste or
public systems.

[*] Confidential Treatment Requested

6

 

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

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

     “ERISA” means the Employee Retirement Income Security Act of 1974.

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

     “ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a
withdrawal by the Company or any ERISA Affiliate from a Pension Plan subject to Section 4063 of
ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2)
of ERISA) or a cessation of operations that is treated as such a withdrawal under Section 4062(e)
of ERISA; (c) a complete or partial withdrawal by the Company or any ERISA Affiliate from a
Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (d) the filing
of a notice of intent to terminate, the treatment of a Plan amendment as a termination under
Sections 4041 or 4041A of ERISA, or the commencement of proceedings by the PBGC to terminate a
Pension Plan or Multiemployer Plan; (e) an event or condition which constitutes grounds under
Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any
Pension Plan or Multiemployer Plan; or (f) the imposition of any liability under Title IV of ERISA,
other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon the Company
or any ERISA Affiliate.

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

     “Eurocurrency Fixed Rate” means, for any Interest Period with respect to a
Eurocurrency Rate Loan, the rate per annum equal to (i) the British Bankers Association LIBOR Rate
(“BBA LIBOR”), as published by Reuters (or other commercially available source providing
quotations

[*] Confidential Treatment Requested

7

 

of BBA LIBOR as designated by the Lender from time to time) at approximately 11:00 a.m.
(London time) two Business Days prior to the commencement of such Interest Period, for deposits in
the relevant currency (for delivery on the first day of such Interest Period) with a term
equivalent to such Interest Period or (ii) if such published rate is not available at such time for
any reason, then the “Eurocurrency Rate” for such Interest Period shall be the rate per annum
determined by the Lender to be the rate at which deposits in the relevant currency for delivery on
the first day of such Interest Period in Same Day Funds in the approximate amount of the
Eurocurrency Rate Loan being made, continued or converted by the Lender and with a term equivalent
to such Interest Period would be offered by the Lender’s London Branch (or other branch or
Affiliate of the Lender) to major banks in the London or other offshore interbank market for such
currency at their request at approximately 11:00 a.m. (London time) two Business Days prior to the
commencement of such Interest Period.

     “Eurocurrency Fixed Rate Loan” means a Loan that bears interest at a rate based on the
Eurocurrency Fixed Rate.

     “Eurocurrency Floating Rate” means, for any day, the rate per annum equal to (i) the
British Bankers Association LIBOR Rate (“BBA LIBOR”), as published by Reuters (or other
commercially available source providing quotations of BBA LIBOR as designated by the Lender from
time to time) at approximately 11:00 a.m. (London time) two Business Days prior to such day for
deposits in the relevant currency (for delivery on such day) with a term equivalent to one month or
(ii) if such published rate is not available at such time for any reason, then the “Eurocurrency
Rate” shall be the rate per annum determined by the Lender to be the rate at which deposits in the
relevant currency for delivery on such day in Same Day Funds in the approximate amount of the Base
Rate Loan being made, continued or converted by the Lender and with a term equivalent to one month
would be offered by the Lender’s London Branch (or other branch or Affiliate of the Lender) to
major banks in the London or other offshore interbank market for such currency at their request at
approximately 11:00 a.m. (London time) two Business Days prior to such day.

     “Eurocurrency Floating Rate Loan” means a Loan that bears interest at a rate based on
the Eurocurrency Floating Rate.

     “Eurocurrency Rate” means (i) with respect to a Eurocurrency Floating Rate Loan or
Base Rate Loan, the Eurocurrency Floating Rate and (ii) with respect to a Eurocurrency Fixed Rate
Loan, the Eurocurrency Fixed Rate.

     “Eurocurrency Rate Loan” means a Loan that bears interest at a rate based on the
Eurocurrency Rate. Eurocurrency Rate Loans may be denominated in Dollars or in an Alternative
Currency. All Loans denominated in an Alternative Currency must be Eurocurrency Rate Loans.

     “Eurocurrency Unavailability Period” means any period during which the obligation of
the Lenders to make or maintain Eurocurrency Rate Loans has been suspended pursuant to Section
3.02 or Section 3.03.

     “Event of Default” has the meaning specified in Section 9.01.

[*] Confidential Treatment Requested

8

 

     “Excluded Taxes” means, with respect to the Lender or any other recipient of any
payment to be made by or on account of any obligation of any Borrower hereunder, (a) taxes imposed
on or measured by its overall net income (however denominated), and franchise taxes imposed on it
(in lieu of net income taxes), by the jurisdiction (or any political subdivision thereof) under the
laws of which such recipient is organized or in which its principal office is located or, in the
case of the Lender, in which its applicable Lending Office is located and (b) any branch profits
taxes imposed by the United States or any similar tax imposed by any other jurisdiction in which
such Borrower is located.

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

     “Finance Debt” means, as to any Person, all indebtedness, present or future, actual or
contingent, of such Person in relation to money borrowed or raised or any other financing,
including, without limitation, any and all such indebtedness under or in respect of any of the
following:

     (a) a Guarantee;

     (b) a discounting arrangement, a finance lease or similar agreement, hire purchase,
deferred purchase price (for more than 90 days);

     (c) a Swap Contract (the amount of such Finance Debt being the marked to market value
of the relevant transaction); and

     (d) an obligation to deliver property or provide services paid for in advance by a
financier.

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

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

     “GAAP” means generally accepted accounting standards in Australia, consistently
applied.

[*] Confidential Treatment Requested

9

 

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

     “Guarantee” means, as to any Person, any (a) any obligation, contingent or otherwise,
of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other
obligation payable or performable by another Person (the “primary obligor”) in any manner, whether
directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to
purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or
other obligation, (ii) to purchase or lease property, securities or services for the purpose of
assuring the obligee in respect of such Indebtedness or other obligation of the payment or
performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity
capital or any other financial statement condition or liquidity or level of income or cash flow of
the primary obligor so as to enable the primary obligor to pay such Indebtedness or other
obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in
respect of such Indebtedness or other obligation of the payment or performance thereof or to
protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any
assets of such Person securing any Indebtedness or other obligation of any other Person, whether or
not such Indebtedness or other obligation is assumed by such Person (or any right, contingent or
otherwise, of any holder of such Indebtedness to obtain any such Lien). The amount of any
Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related
primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not
stated or determinable, the maximum reasonably anticipated liability in respect thereof as
determined by the guaranteeing Person in good faith. The term “Guarantee” as a verb has a
corresponding meaning.

     “Guaranty” means the Continuing Guaranty made by the Parent in favor of the Lender,
substantially in the form of Exhibit C.

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

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

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

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

[*] Confidential Treatment Requested

10

 

     (b) all direct or contingent obligations of such Person arising under letters of credit
(including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and
similar instruments;

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

     (d) all obligations of such Person to pay the deferred purchase price of property or
services (other than trade accounts payable in the ordinary course of business and, in each
case, not past due for more than 60 days after the date on which such trade account payable
was created);

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

     (f) capitalized leases and Synthetic Lease Obligations;

     (g) all obligations of such Person to purchase, redeem, retire, defease or otherwise
make any payment in respect of any Equity Interest in such Person or any other Person,
valued, in the case of a redeemable preferred interest, at the greater of its voluntary or
involuntary liquidation preference plus accrued and unpaid dividends; and

     (h) all Guarantees of such Person in respect of any of the foregoing.

For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any
partnership or joint venture (other than a joint venture that is itself a corporation or limited
liability company) in which such Person is a general partner or a joint venturer, unless such
Indebtedness is expressly made non-recourse to such Person. The amount of any net obligation under
any Swap Contract on any date shall be deemed to be the Swap Termination Value thereof as of such
date. The amount of any capitalized lease or Synthetic Lease Obligation as of any date shall be
deemed to be the amount of Attributable Indebtedness in respect thereof as of such date.

     “Indemnified Taxes” means Taxes other than Excluded Taxes.

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

     “Information” has the meaning specified in Section 10.07.

     “Intangible Assets” means assets that are considered to be intangible assets under
GAAP, including customer lists, goodwill, computer software, copyrights, trade names, trademarks,
patents, franchises, licenses, unamortized deferred charges, unamortized debt discount and
capitalized research and development costs.

     “Interest Payment Date” means, (a) as to any Loan other than a Eurocurrency Floating
Rate Loan or a Base Rate Loan, the last day of each Interest Period applicable to such Loan and

[*] Confidential Treatment Requested

11

 

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

     “Interest Period” means, as to each Eurocurrency Fixed Rate Loan, the period
commencing on the date such Eurocurrency Fixed Rate Loan is disbursed or converted to or continued
as a Eurocurrency Fixed Rate Loan and ending on the date two weeks, or one, two, three or six
months thereafter, as selected by the Company in its Loan Notice; provided that:

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

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

     (iii) no Interest Period shall extend beyond the Maturity Date.

     “Investment” means, as to any Person, any direct or indirect acquisition or investment
by such Person, whether by means of (a) the purchase or other acquisition of capital stock or other
securities of another Person, (b) a loan, advance or capital contribution to, Guarantee or
assumption of debt of, or purchase or other acquisition of any other debt or equity participation
or interest in, another Person, including any partnership or joint venture interest in such other
Person and any arrangement pursuant to which the investor Guarantees Indebtedness of such other
Person, or (c) the purchase or other acquisition (in one transaction or a series of transactions)
of assets of another Person that constitute a business unit. For purposes of covenant compliance,
the amount of any Investment shall be the amount actually invested, without adjustment for
subsequent increases or decreases in the value of such Investment.

     “IRS” means the United States Internal Revenue Service.

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

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

     “Laws” means, collectively, all international, foreign, Federal, state and local
statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or
judicial precedents or authorities, including the interpretation or administration thereof by any

[*] Confidential Treatment Requested

12

 

Governmental Authority charged with the enforcement, interpretation or administration thereof, and
all applicable administrative orders, directed duties, requests, licenses, authorizations and
permits of, and agreements with, any Governmental Authority, in each case whether or not having the
force of law.

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

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

     “Lending Office” means the office or offices of the Lender described as such on
Schedule 10.02, or such other office or offices as the Lender may from time to time notify
the Borrower.

     “Letter of Credit” means any letter of credit issued hereunder. A Letter of Credit
may be a commercial letter of credit or a standby letter of credit. Letters of Credit may be
issued in Dollars or in an Alternative Currency.

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

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

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

     “Letter of Credit Sublimit” means an amount equal to the amount of the Commitment.
The Letter of Credit Sublimit is part of, and not in addition to, the Commitment.

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

     “Loan” has the meaning specified in Section 2.01.

     “Loan Documents” means this Agreement, each Designated Borrower Request and Assumption
Agreement, each Note, each Issuer Document and the Guaranty.

[*] Confidential Treatment Requested

13

 

     “Loan Notice” means a notice of (a) a borrowing of a Loan, (b) a conversion of a Loan
from one Type to the other, or (c) a continuation of a Eurocurrency Fixed Rate Loan as the same
Type, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form
of Exhibit A.

     “Loan Parties” means, collectively, the Company, each Designated Borrower and the
Parent.

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

     “Material Adverse Effect” means (a) a material adverse effect upon financial condition
of the Parent and its Subsidiaries taken as a whole; (b) a material impairment of the ability of
any Loan Party to perform its obligations under any Loan Document to which it is a party; or (c) a
material adverse effect upon the legality, validity, binding effect or enforceability against any
Loan Party of any Loan Document to which it is a party.

     “Material Credit Agreements” means (a) that certain Variation to Standard Terms (with
attached amended Standard Terms) dated on or about November 2, 2009, as amended, among the Parent
and certain of its Subsidiaries and Westpac Banking Corporation, (b) that certain Amendment and
Restatement Deed (with attached amended and restated Multi Option Facility Agreement) dated on or
about November 2, 2009, as amended, among the Parent and certain of its Subsidiaries and HSBC Bank
Australia Limited, HSBC Bank Plc and HSBC Bank USA National Association, (c) that certain Multi
Option Facility Agreement and Common Terms Deed dated on or about November 2, 2009, as amended,
among the Parent and certain of its Subsidiaries and Commonwealth Bank of Australia, (d) that
certain Variation to Standard Terms (with attached amended Standard Terms) dated on or about
November 2, 2009, as amended, among the Parent and certain of its Subsidiaries and National
Australia Bank Limited, and (d) any replacement or successor agreements to any of the foregoing or
any substantially similar loan or credit agreements with other banks or lenders pursuant to which
such banks or lenders have agreed to extend credit to the Parent or its Subsidiaries.

     “Maturity Date” means December 1, 2010; provided, however, that if
such date is not a Business Day, the Maturity Date shall be the next preceding Business Day.

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

     “Note” means a promissory note made by a Borrower in favor of the Lender evidencing
Loans made by the Lender to such Borrower, substantially in the form of Exhibit B.

     “Obligations” means all advances to, and debts, liabilities, obligations, covenants
and duties of, any Loan Party arising under any Loan Document or otherwise with respect to any Loan
or Letter of Credit, whether direct or indirect (including those acquired by assumption), absolute
or contingent, due or to become due, now existing or hereafter arising and including

[*] Confidential Treatment Requested

14

 

interest and
fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof of
any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding,
regardless of whether such interest and fees are allowed claims in such proceeding.

     “Organization Documents” means, (a) with respect to any corporation, the certificate
or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents
with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the
certificate or articles of formation or organization and operating agreement; and (c) with respect
to any partnership, joint venture, trust or other form of business entity, the partnership, joint
venture or other applicable agreement of formation or organization and any agreement, instrument,
filing or notice with respect thereto filed in connection with its formation or organization with
the applicable Governmental Authority in the jurisdiction of its formation or organization and, if
applicable, any certificate or articles of formation or organization of such entity.

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

     “Outstanding Amount” means (i) with respect to Loans on any date, the Dollar
Equivalent amount of the aggregate outstanding principal amount thereof after giving effect to any
borrowings and prepayments or repayments of Loans occurring on such date; and (ii) with respect to
any L/C Obligations on any date, the Dollar Equivalent amount of the aggregate outstanding amount
of such L/C Obligations on such date after giving effect to any L/C Credit Extension occurring on
such date and any other changes in the aggregate amount of the L/C Obligations as of such date,
including as a result of any reimbursements by the Company of Unreimbursed Amounts.

     “Parent” means Sims Metal Management Limited, a corporation incorporated in the State
of Victoria, Commonwealth of Australia.

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

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

     “PBGC” means the Pension Benefit Guaranty Corporation.

     “Pension Plan” means any “employee pension benefit plan” (as such term is defined in
Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and
is sponsored or maintained by the Company or any ERISA Affiliate or to which the Company or any
ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple
employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time
during the immediately preceding five plan years.

     “Permitted Finance Debt” means any Finance Debt provided by a Loan Party:

[*] Confidential Treatment Requested

15

 

     (a) under the Loan Documents;

     (b) to another Loan Party;

     (c) in the form of deposits held with financial institutions in the ordinary course of
business and supplier advances for which security adequate to cover the amount of the
supplier advance is taken; or

     (d) to Persons other than other Loan Parties which when added to all such other
outstanding Finance Debt provided by all Relevant Companies does not exceed AU$35,000,000.

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

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

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

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

     “Relevant Company” means any Loan Party and any Subsidiary of any of them.

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

     “Request for Credit Extension” means (a) with respect to a borrowing, conversion or
continuation of a Loan, a Loan Notice, and (b) with respect to an L/C Credit Extension, a Letter of
Credit Application.

     “Responsible Officer” means the chief executive officer, president, chief financial
officer, treasurer, assistant treasurer or controller of a Loan Party and, solely for purposes of
notices given pursuant to Article II, any other officer or employee of the applicable Loan
Party so designated by any of the foregoing officers in a notice to the Lender. Any document
delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively
presumed to have been authorized by all necessary corporate, partnership and/or other action on the
part of

[*] Confidential Treatment Requested

16

 

such Loan Party and such Responsible Officer shall be conclusively presumed to have acted
on behalf of such Loan Party.

     “Revaluation Date” means (a) with respect to any Loan, each of the following: (i)
each date of a borrowing of a Eurocurrency Rate Loan denominated in an Alternative Currency, (ii)
each date of a continuation of a Eurocurrency Rate Loan denominated in an Alternative Currency
pursuant to Section 2.02, and (iii) such additional dates as the Lender may reasonably
require; and (b) with respect to any Letter of Credit, each of the following: (i) each date of
issuance of a Letter of Credit denominated in an Alternative Currency, (ii) each date of an
amendment of any such Letter of Credit having the effect of increasing the amount thereof (solely
with respect to the increased amount), (iii) each date of any payment by the Lender under any
Letter of Credit denominated in an Alternative Currency, and (iv) such additional dates as the
Lender may reasonably require.

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

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

     “Sims Group” means the Parent and its Subsidiaries.

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

     “Spot Rate” for a currency means:

     (a) in the case of any Loan denominated in an Alternative Currency, the Spot Rate shall
be the daily 10 am spot rate published by the New York Federal Reserve Bank at its website,
http://www.ny.frb.org/markets/fxrates/tenAm.cfm for such currency on the date that
is two Business Days prior to the date as of which the foreign exchange computation is made.
The daily 10 am spot rates are midpoints of buying rates and
selling rates, and do not necessarily reflect rates at which actual transactions have
occurred. In the event that such rate does not appear on such website or such website is no
longer published, the Spot Rate for a currency in the case of any Loan denominated in an
Alternative Currency shall be the rate determined by the Lender to be the rate quoted by the
Lender as the spot rate for the purchase by the Lender of such currency with another
currency through its principal foreign exchange trading office at approximately 11:00 a.m.
on the date two Business Days prior to the date as of which the foreign exchange computation
is made; provided that the Lender may obtain such spot rate from another financial
institution designated by the Lender if the Lender does not have as of the date of
determination a spot buying rate for any such currency; and

[*] Confidential Treatment Requested

17

 

     (b) in the case of any Letter of Credit denominated in an Alternative Currency and for
all other purposes under this Agreement not described in clause (a) above, the Spot Rate
shall be the rate determined by the Lender to be the rate quoted by the Lender as the spot
rate for the purchase by the Lender of such currency with another currency through its
principal foreign exchange trading office at approximately 11:00 a.m. on the date as of
which the foreign exchange computation is made; provided that the Lender may obtain
such spot rate from another financial institution designated by the Lender if the Lender
does not have as of the date of determination a spot buying rate for any such currency; and
provided further that the Lender may use such spot rate quoted on the date
two Business Days prior to the date as of which the foreign exchange computation is made in
all cases other than a Letter of Credit denominated in an Alternative Currency.

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

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

     “Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit
derivative transactions, forward rate transactions, commodity swaps, commodity options, forward
commodity contracts, equity or equity index swaps or options, bond or bond price or bond index
swaps or options or forward bond or forward bond price or forward bond index transactions, interest
rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar
transactions, currency swap transactions, cross-currency rate swap transactions, currency options,
spot contracts, or any other similar transactions or any combination of any of the foregoing
(including any options to enter into any of the foregoing), whether or not any such transaction is
governed by or subject to any master agreement, and (b) any and all transactions of any kind, and
the related confirmations, which are subject to the terms and conditions of, or governed by, any
form of master agreement published by the International Swaps and Derivatives Association, Inc.,
any International Foreign Exchange Master Agreement,
or any other master agreement (any such master agreement, together with any related schedules,
a “Master Agreement”), including any such obligations or liabilities under any Master Agreement.

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

[*] Confidential Treatment Requested

18

 

other readily
available quotations provided by any recognized dealer in such Swap Contracts (which may include
the Lender or any Affiliate of the Lender).

     “Synthetic Lease Obligation” means the monetary obligation of a Person under (a) a
so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or
possession of property creating obligations that do not appear on the balance sheet of such Person
but which, upon the insolvency or bankruptcy of such Person, would be characterized as the
indebtedness of such Person (without regard to accounting treatment).

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

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

     “Threshold Amount” means AU$10,000,000.

     “Total Outstandings” means the sum of (i) the aggregate Outstanding Amount of all
Loans and (ii) the aggregate Outstanding Amount of all L/C Obligations

     “Type” means, with respect to a Loan, its character as a Base Rate Loan, a
Eurocurrency Floating Rate Loan or a Eurocurrency Fixed Rate Loan.

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

     “United States” and “U.S.” mean the United States of America.

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

     “Yen” and “¥” mean the lawful currency of Japan.

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

     (a) The definitions of terms herein shall apply equally to the singular and plural forms of
the terms defined. Whenever the context may require, any pronoun shall include the corresponding
masculine, feminine and neuter forms. The words “include,” “includes” and “including” shall be
deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to
have the same meaning and effect as the word “shall.” Unless the context requires otherwise, (i)
any definition of or reference to any agreement, instrument or other document (including any
Organization Document) shall be construed as referring to such

[*] Confidential Treatment Requested

19

 

agreement, instrument or other
document as from time to time amended, supplemented or otherwise modified (subject to any
restrictions on such amendments, supplements or modifications set forth herein or in any other Loan
Document), (ii) any reference herein to any Person shall be construed to include such Person’s
successors and assigns, (iii) the words “herein,” “hereof” and “hereunder,” and words of similar
import when used in any Loan Document, shall be construed to refer to such Loan Document in its
entirety and not to any particular provision thereof, (iv) all references in a Loan Document to
Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of,
and Exhibits and Schedules to, the Loan Document in which such references appear, (v) any reference
to any law shall include all statutory and regulatory provisions consolidating, amending, replacing
or interpreting such law and any reference to any law or regulation shall, unless otherwise
specified, refer to such law or regulation as amended, modified or supplemented from time to time,
and (vi) the words “asset” and “property” shall be construed to have the same meaning and effect
and to refer to any and all tangible and intangible assets and properties, including cash,
securities, accounts and contract rights.

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

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

     1.03 Accounting Terms.

     (a) Generally. All accounting terms not specifically or completely defined herein
shall be construed in conformity with, and all financial data (including financial ratios and other
financial calculations) required to be submitted pursuant to this Agreement shall be prepared in
conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a
manner consistent with that used in preparing the financial statements of the Parent for the fiscal
period ended June 30, 2009, except as otherwise specifically prescribed herein.

     (b) Changes in GAAP. If at any time any change in GAAP would affect the computation
of any financial ratio or requirement set forth in any Loan Document, and either the Company or the
Lender shall so request, the Lender and the Company shall negotiate in good faith to amend such
ratio or requirement to preserve the original intent thereof in light of such change in GAAP
(subject to the approval of the Lender); provided that, until so amended, (i) such ratio or
requirement shall continue to be computed in accordance with GAAP prior to such change therein and
(ii) the Company shall provide to the Lender financial statements and other documents required
under this Agreement or as reasonably requested hereunder setting forth a reconciliation between
calculations of such ratio or requirement made before and after giving effect to such change in
GAAP.

     1.04 Exchange Rates; Currency Equivalents.

[*] Confidential Treatment Requested

20

 

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

     (b) Wherever in this Agreement in connection with a borrowing, conversion, continuation or
prepayment of a Eurocurrency Rate Loan or the issuance, amendment or extension of a Letter of
Credit, an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such
borrowing, Eurocurrency Rate Loan or Letter of Credit is denominated in an Alternative Currency,
such amount shall be the relevant Alternative Currency Equivalent of such Dollar amount (rounded to
the nearest unit of such Alternative Currency, with 0.5 of a unit being rounded upward), as
determined by the Lender in its sole discretion

     (c) Wherever in this Agreement in connection with the determination any Loan Party’s
performance or observance any covenant contained in this Agreement on its part to be performed or
observed, an amount, such as a required minimum amount, is expressed in Australian Dollars, but the
amounts to be determined are denominated in currencies other than Australian Dollars, the
equivalent amount in Australian Dollars shall, subject to Section 7.05 of the Guaranty, be
determined by the Lender.

     1.05 Additional Alternative Currencies.

     (a) The Company may from time to time request that Eurocurrency Rate Loans be made and/or
Letters of Credit be issued in a currency other than those specifically listed in the definition of
“Alternative Currency;” provided that such requested currency is a lawful currency (other
than Dollars) that is readily available and freely transferable and convertible into Dollars. In
the case of any such request with respect to the making of Eurocurrency Rate Loans, such request
shall be subject to the approval of the Lender.

     (b) Any such request shall be made to the Lender not later than 11:00 a.m., 10 Business Days
prior to the date of the desired Credit Extension (or such other time or date as may be agreed by
the Lender, in its sole discretion).

     (c) If the Lender consents to making Eurocurrency Rate Loans in such requested currency, the
Lender shall so notify the Company and such currency shall thereupon be deemed for all purposes to
be an Alternative Currency hereunder for purposes of any borrowings of Eurocurrency Rate Loans as
provided in Section 2.02 and for purposes of any Letter of Credit issuances as provided in
Section 2.03.

     1.06 Change of Currency.

     (a) Each obligation of the Borrowers to make a payment denominated in the national currency
unit of any member state of the European Union that adopts the Euro as its lawful

[*] Confidential Treatment Requested

21

 

currency after
the date hereof shall be redenominated into Euro at the time of such adoption (in accordance with
the EMU Legislation). If, in relation to the currency of any such member state, the basis of
accrual of interest expressed in this Agreement in respect of that currency shall be inconsistent
with any convention or practice in the London interbank market for the basis of accrual of interest
in respect of the Euro, such expressed basis shall be replaced by such convention or practice with
effect from the date on which such member state adopts the Euro as its lawful currency;
provided that if any borrowing of Loans in the currency of such member state is outstanding
immediately prior to such date, such replacement shall take effect, with respect to such borrowing,
at the end of the then current Interest Period.

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

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

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

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

ARTICLE II.

THE COMMITMENT AND CREDIT EXTENSIONS

     2.01 Loans. Subject to the terms and conditions set forth herein, the Lender agrees to make
loans (each such loan, a “Loan”) to the Borrowers in Dollars or in one or more Alternative
Currencies from time to time, on any Business Day during the Availability Period, in an aggregate
amount not to exceed at any time outstanding the amount of the Commitment; provided,
however, that after giving effect to any borrowing, the Total Outstandings shall not exceed
the amount of the Commitment; and provided further that the availability of the
Commitment at any time for the making of Loans and the issuance of Letters of Credit shall be
reduced by the amount of the Alternative Currency Reserve (if any). Within the limits of the
Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under
this Section 2.01, prepay under Section 2.04, and reborrow under this Section
2.01. Loans

[*] Confidential Treatment Requested

22

 

may be Base Rate Loans, Eurocurrency Floating Rate Loans or Eurocurrency Fixed
Rate Loans, as further provided herein.

     2.02 Borrowings, Conversions and Continuations of Loans.

     (a) Each borrowing, each conversion of a Loan from one Type to the other, and each
continuation of a Eurocurrency Fixed Rate Loan shall be made upon the Company’s irrevocable notice
to the Lender, which may be given by telephone. Each such notice must be received by the Lender
not later than (i) 2:00 p.m. two Business Days prior to the requested date of any borrowing of,
conversion to or continuation of Eurocurrency Fixed Rate Loans denominated in Dollars or of any
conversion of Eurocurrency Fixed Rate Loans denominated in Dollars to Eurocurrency Floating Rate
Loans or Base Rate Loans, (ii) 8:00 a.m two Business Days (or five Business Days in the case of a
Special Notice Currency) prior to the requested date of any borrowing or continuation of
Eurocurrency Fixed Rate Loans denominated in Alternative Currencies, and (iii) 3:00 p.m. on the
requested date of any borrowing of Eurocurrency Floating Rate Loans or Base Rate Loans. Each
telephonic notice by the Company pursuant to this Section 2.02(a) must be confirmed
promptly by delivery to the Lender of a written Loan Notice, appropriately completed and signed by
a Responsible Officer of the Company. Each borrowing of, conversion to or continuation of
Eurocurrency Fixed Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of
$1,000,000 in excess thereof. Except as provided in Section 2.03(c), each borrowing of or
conversion to Eurocurrency Floating Rate Loans or Base Rate Loans shall be in a principal amount of
$500,000 or a whole multiple of $100,000 in excess thereof. Each Loan Notice (whether telephonic
or written) shall specify (i) whether the Company is requesting a borrowing, a conversion of Loans
from one Type to the other, or a continuation of Eurocurrency Fixed Rate Loans, (ii) the requested
date of the borrowing, conversion or continuation, as the case may be (which shall be a Business
Day), (iii) the principal amount of Loans to be borrowed, converted or continued, (iv) the Type of
Loans to be borrowed or to which existing Loans are to be converted, (v) if applicable, the
duration of the Interest Period with respect thereto, (vi) the currency of the Loans to be
borrowed, and (vii) if
applicable, the Designated Borrower. If the Company fails to specify a currency in a Loan
Notice requesting a borrowing, then the Loans so requested shall be made in Dollars. If the
Company fails to specify a Type of Loan in a Loan Notice or if the Company fails to give a timely
notice requesting a conversion or continuation, then the applicable Loans shall be made as, or
converted to, Base Rate Loans; provided, however, that in the case of a failure to
request on a timely basis a continuation of Loans denominated in an Alternative Currency, such
Loans shall be continued as Eurocurrency Floating Rate Loans in their original currency. Any
automatic conversion to Eurocurrency Floating Rate Loans or Base Rate Loans shall be effective as
of the last day of the Interest Period then in effect with respect to the applicable Eurocurrency
Fixed Rate Loans. If the Company requests a borrowing of, conversion to, or continuation of
Eurocurrency Fixed Rate Loans in any such Loan Notice, but fails to specify an Interest Period, it
will be deemed to have specified an Interest Period of one month. No Loan may be converted into or
continued as a Loan denominated in a different currency, but instead must be prepaid in the
original currency of such Loan and reborrowed in the other currency.

     (b) Upon satisfaction of the applicable conditions set forth in Section 4.02 (and, if
such borrowing is the initial Credit Extension, Section 4.01), the Lender shall make the
proceeds

[*] Confidential Treatment Requested

23

 

of each Loan available to the Company or the other applicable Borrower either by (i)
crediting the account of such Borrower on the books of the Lender with the amount of such proceeds
or (ii) wire transfer of such proceeds, in each case in accordance with instructions provided to
(and reasonably acceptable to) the Lender by the Company; provided, however, that
if, on the date the Loan Notice with respect to such borrowing denominated in Dollars is given by
the Company, there are Unreimbursed Amounts outstanding then the proceeds of such borrowing, first,
shall be applied to the payment in full of any such Unreimbursed Amounts, and, second, shall be
made available to the applicable Borrower as provided above.

     (c) Except as otherwise provided herein, a Eurocurrency Fixed Rate Loan may be continued or
converted only on the last day of an Interest Period for such Eurocurrency Fixed Rate Loan. During
the existence of a Default, no Loan may be requested as, converted to or continued as Eurocurrency
Fixed Rate Loans (whether in Dollars or any Alternative Currency) without the consent of the
Lender, and the Lender may demand that any or all of the then outstanding Eurocurrency Fixed Rate
Loans denominated in an Alternative Currency be prepaid, or redenominated into Dollars in the
amount of the Dollar Equivalent thereof, on the last day of the then current Interest Period with
respect thereto.

     (d) The Lender shall promptly notify the Company of the interest rate applicable to any
Interest Period for a Eurocurrency Fixed Rate Loan upon determination of such interest rate. On
the first Business Day of each week following a week during which a Eurocurrency Floating Rate Loan
is outstanding, the Lender shall notify the Company of the Eurocurrency Floating Rate applicable to
such Loan(s) during the preceding week; provided, however, that the Lender shall
incur no liability for failing to provide the Company with such notice. Upon request of the
Company, the Lender shall notify the Borrower of the then current Eurocurrency Floating Rate. At
any time that a Base Rate Loan is outstanding, the Lender shall notify the Borrower of any change
in the Lender’s prime rate used in determining the Prime Rate promptly following the public
announcement of such change.

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

     2.03 Letters of Credit.

     (a) The Letter of Credit Commitment.

          (i) Subject to the terms and conditions set forth herein, the Lender agrees (A) from time to
time on any Business Day during the period from the Closing Date until the Letter of Credit
Expiration Date, to issue Letters of Credit denominated in Dollars or in one or more Alternative
Currencies for the account of the Company or any Designated Borrower, and to amend or extend
Letters of Credit previously issued by it, in accordance with subsection (b) below, and (B) to
honor drawings under the Letters of Credit; provided that the Lender shall not be obligated
to make any L/C Credit Extension with respect to any Letter of Credit if as of the date of such L/C
Credit Extension, (x) the Total Outstandings would exceed the amount of the Commitment, and (y) the
Outstanding Amount of the L/C Obligations would exceed the Letter

[*] Confidential Treatment Requested

24

 

of Credit Sublimit; and
provided further that the availability of the Commitment at any time for the making
of Loans and the issuance of Letters of Credit shall be reduced by the amount of the Alternative
Currency Reserve (if any). Each request by the Company for the issuance or amendment of a Letter
of Credit shall be deemed to be a representation by the Company that the L/C Credit Extension so
requested complies with the conditions set forth in the provisos to the preceding sentence. Within
the foregoing limits, and subject to the terms and conditions hereof, the Company’s ability to
obtain Letters of Credit shall be fully revolving, and accordingly the Company may, during the
foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that
have been drawn upon and reimbursed.

          (ii) The Lender shall be under no obligation to issue any Letter of Credit if:

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

               (B) the issuance of such Letter of Credit would violate one or more policies of the Lender
applicable to letters of credit generally;

               (C) except as otherwise agreed by the Lender, such Letter of Credit is in an initial stated
amount less than $100,000, in the case of a commercial Letter of Credit, or $500,000, in the case
of a standby Letter of Credit;

               (D) except as otherwise agreed by the Lender, such Letter of Credit is to be denominated in a
currency other than Dollars or an Alternative Currency;

               (E) the Lender does not as of the issuance date of such requested Letter of Credit issue
Letters of Credit in the requested currency; or

               (F) such Letter of Credit contains any provisions for automatic reinstatement of the stated
amount after any drawing thereunder.

          (iii) The Lender shall not amend any Letter of Credit if the Lender would not be permitted at
such time to issue such Letter of Credit in its amended form under the terms hereof.

          (iv) The Lender shall be under no obligation to amend any Letter of Credit if (A) the Lender
would have no obligation at such time to issue such Letter of Credit in its amended form under the
terms hereof, or (B) the beneficiary of such Letter of Credit does not accept the proposed
amendment to such Letter of Credit.

[*] Confidential Treatment Requested

25

 

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

          (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of
the Company delivered to the Lender in the form of a Letter of Credit Application, appropriately
completed and signed by a Responsible Officer of the Company. Such Letter of Credit Application
must be received by the Lender not later than 1:00 p.m. at least two Business Days (or such later
date and time as the Lender may agree in a particular instance in its sole discretion) prior to the
proposed issuance date or date of amendment, as the case may be. In the case of a request for an
initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and
detail satisfactory to the Lender: (A) the proposed issuance date of the requested Letter of Credit
(which shall be a Business Day); (B) the amount and currency thereof; (C) the expiry date thereof;
(D) the name and address of the beneficiary thereof; (E) the documents to be presented by such
beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented
by such beneficiary in case of any drawing thereunder; and (G) such other matters as the Lender may
require. In the case of a request for an amendment of any outstanding Letter of Credit, such
Letter of Credit Application shall specify in form and detail satisfactory to the Lender (A) the
Letter of Credit to be amended; (B) the proposed date of amendment thereof (which shall be a
Business Day); (C) the nature of the proposed amendment; and (D) such other matters as the Lender
may require.

          (ii) Upon the Lender’s determination that the requested issuance or amendment is permitted in
accordance with the terms hereof, then, subject to the terms and conditions hereof, the Lender
shall, on the requested date, issue a Letter of Credit for the account of the Company (or the
applicable Designated Borrower) or enter into the applicable amendment, as the case may be, in each
case in accordance with the Lender’s usual and customary business practices.

          (iii) If the Company so requests in any applicable Letter of Credit Application, the Lender
may, in its sole and absolute discretion, agree to issue a Letter of Credit that has automatic
extension provisions (each, an “Auto-Extension Letter of Credit”); provided that
any such Auto-Extension Letter of Credit must permit the Lender to prevent any such extension at
least once in each twelve-month period (commencing with the date of issuance of such Letter of
Credit) by giving prior notice to the beneficiary thereof not later than a day in each such
twelve-month period to be agreed upon at the time such Letter of Credit is issued. Unless
otherwise directed by the Lender, the Company shall not be required to make a specific request to
the Lender for any such extension. Once an Auto-Extension Letter of Credit has been issued, the
Lender shall, subject to the terms and conditions set forth herein, permit the extension of such
Letter of Credit at any time to an expiry date not later than the Letter of Credit Expiration Date;
provided, however, that the Lender shall have no obligation to permit any such
extension if the Lender has determined that it would have no obligation, at such time to issue such
Letter of Credit in its revised form (as extended) under the terms hereof (by reason of the
provisions of clause (ii) or (iii) of Section 2.03(a) or otherwise)

          (iv) Promptly after its delivery of any Letter of Credit or any amendment to a Letter of
Credit to an advising bank with respect thereto or to the beneficiary thereof, the Lender

[*] Confidential Treatment Requested

26

 

will also
deliver to the Company a true and complete copy of such Letter of Credit or amendment.

     (c) Drawings and Reimbursements.

          (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under
such Letter of Credit, the Lender shall notify the Company thereof. In the case of a Letter of
Credit denominated in an Alternative Currency, the Company shall reimburse the Lender in such
Alternative Currency, unless (A) the Lender (at its option) shall have specified in such notice
that it will require reimbursement in Dollars, or (B) in the absence of any such requirement for
reimbursement in Dollars, the Company shall have notified the Lender promptly following receipt of
the notice of drawing that the Company will reimburse the Lender in Dollars. In the case of any
such reimbursement in Dollars of a drawing under a Letter of Credit denominated in an Alternative
Currency, the Lender shall notify the Company of the Dollar Equivalent of the amount of the drawing
promptly following the determination thereof. Not later than 1:00 p.m. on the date of any payment
by the Lender under a Letter of Credit to be reimbursed in Dollars, or the Applicable Time on the
date of any payment by the Lender under a Letter of Credit to be reimbursed in an Alternative
Currency (each such date, an “Honor Date”), the Company shall reimburse the Lender in an
amount equal to the amount of such drawing and in the applicable currency. If the Company fails to
so reimburse the Lender by such time, the Company shall be deemed to have requested a borrowing of
Base Rate Loans to be disbursed on the Honor Date in an amount equal to the amount of the
unreimbursed drawing (expressed in Dollars in the amount of the Dollar Equivalent thereof in the
case of a Letter of Credit denominated in an Alternative Currency) (the “Unreimbursed
Amount”), without regard to the minimum and multiples specified in Section 2.02 for the
principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the
Commitment and the conditions set forth in Section 4.02 (other than the delivery of a Loan
Notice).

          (ii) If the Company fails to reimburse the Lender for any drawing under any Letter of Credit
(whether by means of a borrowing or otherwise), such unreimbursed amount shall be due and payable
on demand (together with interest) and shall bear interest at the Default Rate.

     (d) Obligations Absolute. The obligation of the Company to reimburse the Lender for
each drawing under each Letter of Credit shall be absolute, unconditional and irrevocable, and
shall be paid strictly in accordance with the terms of this Agreement under all circumstances,
including the following:

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

          (ii) the existence of any claim, counterclaim, setoff, defense or other right that the Company
or any Designated Borrower may have at any time against any beneficiary or any transferee of such
Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be
acting), the Lender or any other Person, whether in connection with this

[*] Confidential Treatment Requested

27

 

Agreement, the
transactions contemplated hereby or by such Letter of Credit or any agreement or instrument
relating thereto, or any unrelated transaction;

          (iii) any draft, demand, certificate or other document presented under such Letter of Credit
proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein
being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of
any document required in order to make a drawing under such Letter of Credit;

          (iv) any payment by the Lender under such Letter of Credit against presentation of a draft or
certificate that does not strictly comply with the terms of such Letter of Credit; or any payment
made by the Lender under such Letter of Credit to any Person purporting to be a trustee in
bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or
other representative of or successor to any beneficiary or any transferee of such Letter of Credit,
including any arising in connection with any proceeding under any Debtor Relief Law;

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

          (vi) any other circumstance or happening whatsoever, whether or not similar to any of the
foregoing, including any other circumstance that might otherwise constitute a defense available to,
or a discharge of, the Company or any Designated Borrower.

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

     (e) Role of Lender. The Company agrees that, in paying any drawing under a Letter of
Credit, the Lender shall not have any responsibility to obtain any document (other than any sight
draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or
inquire as to the validity or accuracy of any such document or the authority of the Person
executing or delivering any such document. The Company hereby assumes all risks of the acts or
omissions of any beneficiary or transferee with respect to its use of any Letter of Credit;
provided, however, that this assumption is not intended to, and shall not, preclude
the Company’s pursuing such rights and remedies as it may have against the beneficiary or
transferee at law or under any other agreement. None of the Lender, any of its Related Parties nor
any correspondent, participant or assignee of the Lender shall be liable or responsible for any of
the matters described in clauses (i) through (v) of Section 2.03(d); provided,
however, that anything in such clauses to the contrary notwithstanding, the Company may
have a claim against the Lender, and the Lender may be liable to the Company, to the extent, but
only to the extent, of any direct, as opposed to consequential or exemplary, damages suffered by
the Company which the Company proves were caused by the Lender’s willful misconduct or gross
negligence or the

[*] Confidential Treatment Requested

28

 

Lender’s willful failure to pay under any Letter of Credit after the presentation
to it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and
conditions of a Letter of Credit. In furtherance and not in limitation of the foregoing, the
Lender may accept documents that appear on their face to be in order, without responsibility for
further investigation, regardless of any notice or information to the contrary, and the Lender
shall not be responsible for the validity or sufficiency of any instrument transferring or
assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits
thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective
for any reason.

     (f) Cash Collateral.

               (i) Upon the request of the Lender, (A) if the Lender has honored any full or partial drawing
request under any Letter of Credit and such drawing has not been reimbursed on the applicable Honor
Date, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason
remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then
Outstanding Amount of all L/C Obligations.

               (ii) In addition, if the Lender notifies the Company at any time that the Outstanding Amount
of all L/C Obligations at such time exceeds 105% of the Letter of Credit Sublimit then in effect,
then, within two Business Days after receipt of such notice, the Company shall Cash Collateralize
the L/C Obligations in an amount equal to the amount by which the Outstanding Amount of all L/C
Obligations exceeds the Letter of Credit Sublimit.

               (iii) The Lender may, at any time and from time to time after the initial deposit of Cash
Collateral required in this Agreement, request that additional Cash Collateral be provided in order
to protect against the results of exchange rate fluctuations.

               (iv) Sections 2.04 and 9.02(a)(iii) set forth certain additional requirements
to deliver Cash Collateral hereunder. For purposes of this Section 2.03, Section
2.04 and Section 9.02(a)(iii), “Cash Collateralize” means to pledge and deposit
with or deliver to the Lender, as collateral for the L/C Obligations, cash or deposit account
balances pursuant to documentation in form and substance satisfactory to the Lender. Derivatives
of such term have corresponding meanings. The Company hereby grants to the Lender a security
interest in all such cash, deposit accounts and all balances therein and all proceeds of the
foregoing. Cash Collateral shall be maintained in blocked, non-interest bearing deposit accounts
at the Lender.

     (g) Applicability of ISP and UCP. Unless otherwise expressly agreed by the Lender and
the Company when a Letter of Credit is issued, (i) the rules of the ISP shall apply to each standby
Letter of Credit, and (ii) the rules of the Uniform Customs and Practice for Documentary Credits
(UCP), as most recently published by the International Chamber of Commerce at the time of issuance
shall apply to each commercial Letter of Credit.

     (h) Letter of Credit Fees. The Company shall pay to the Lender, in Dollars, a Letter
of Credit fee (the “Letter of Credit Fee”) (i) for each commercial Letter of Credit equal
to 1/4 of 1% per annum times the Dollar Equivalent of the daily amount available to be
drawn under such Letter of Credit, and (ii) for each standby Letter of Credit equal to the
Applicable Margin

[*] Confidential Treatment Requested

29

 

applicable to standby Letters of Credit times the Dollar Equivalent of
the daily amount available to be drawn under such Letter of Credit. For purposes of computing the
daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit
shall be determined in accordance with Section 1.08. Letter of Credit Fees shall be (i)
due and payable on the first Business Day after the end of each March, June, September and
December, commencing with the first such date to occur after the issuance of such Letter of Credit,
on the Letter of Credit Expiration Date and thereafter on demand and (ii) computed on a quarterly
basis in arrears. If there is any change in the Applicable Margin during any quarter, the daily
amount available to be drawn under each standby Letter of Credit shall be computed and multiplied
by the Applicable Margin separately for each period during such quarter that such Applicable Margin
was in effect. Notwithstanding anything to the contrary contained herein, upon the request of the
Lender, while any Event of Default exists, all Letter of Credit Fees shall accrue at the Default
Rate.

     (i) Documentary and Processing Charges Payable to Lender. The Company shall pay to
the Lender, in Dollars, the customary issuance, presentation, amendment and other processing fees,
and other standard costs and charges, of the Lender relating to letters of credit as from time to
time in effect. Such customary fees and standard costs and charges are due and payable on demand
and are nonrefundable.

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

     (k) Letters of Credit Issued for Designated Borrowers. Notwithstanding that a Letter
of Credit issued or outstanding hereunder is in support of any obligations of, or is for the
account of, a Designated Borrower, the Company shall be obligated to reimburse the Lender hereunder
for any and all drawings under such Letter of Credit. The Company hereby acknowledges that the
issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the
Company, and that the Company’s business derives substantial benefits from the businesses of
such Subsidiaries.

     2.04 Prepayments.

     (a) Each Borrower may, upon notice from the Company to the Lender, at any time or from time to
time voluntarily prepay Loans in whole or in part without premium or penalty; provided that
(i) such notice must be received by the Lender not later than 1:00 p.m. (A) two Business Days prior
to any date of prepayment of Eurocurrency Fixed Rate Loans denominated in Dollars, (B) three
Business Days (or five, in the case of prepayment of Loans denominated in Special Notice
Currencies) prior to any date of prepayment of Eurocurrency Fixed Rate Loans denominated in
Alternative Currencies , and (C) on the date of prepayment of Eurocurrency Floating Rate Loans or
Base Rate Loans; (ii) any prepayment of Eurocurrency Fixed Rate Loans denominated in Dollars shall
be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof; (iii)
any prepayment of Eurocurrency Fixed Rate Loans denominated in Alternative Currencies shall be in a
minimum principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof; and
(iv) any prepayment of Eurocurrency Floating Rate Loans or Base Rate Loans shall be in a principal
amount of $500,000 or a whole multiple of $100,000 in excess thereof or, in each case, if less, the
entire principal amount

[*] Confidential Treatment Requested

30

 

thereof then outstanding. Each such notice shall specify the date and
amount of such prepayment and the Type(s) of Loans to be prepaid and, if Eurocurrency Fixed Rate
Loans are to be prepaid, the Interest Period(s) of such Loans. If such notice is given by the
Company, the applicable Borrower shall make such prepayment and the payment amount specified in
such notice shall be due and payable on the date specified therein. Any prepayment of a
Eurocurrency Fixed Rate Loan shall be accompanied by all accrued interest on the amount prepaid,
together with any additional amounts required pursuant to Section 3.05.

     (b) If the Lender notifies the Company at any time that the Total Outstandings at such time
exceed an amount equal to 105% of the Commitment then in effect, then, within two Business Days
after receipt of such notice, the Borrowers shall prepay Loans and/or the Company shall Cash
Collateralize the L/C Obligations in an aggregate amount sufficient to reduce such Outstanding
Amount as of such date of payment to an amount not to exceed 100% of the Commitment then in effect;
provided, however, that, subject to the provisions of Section 2.03(f)(ii),
the Company shall not be required to Cash Collateralize the L/C Obligations pursuant to this
Section 2.04(b) unless after the prepayment in full of the Loans the Total Outstandings
exceed the amount of the Commitment. The Lender may, at any time and from time to time after the
initial deposit of such Cash Collateral, request that additional Cash Collateral be provided in
order to protect against the results of further exchange rate fluctuations.

     2.05 Termination or Reduction of Commitment. The Company may, upon notice to the Lender,
terminate the Commitment, or from time to time permanently reduce the amount of the Commitment;
provided that (i) any such notice shall be received by the Lender not later than 1:00 p.m.
five Business Days prior to the date of termination or reduction, (ii) any such partial reduction
shall be in an aggregate amount of $10,000,000 or any whole multiple of $1,000,000 in excess
thereof, (iii) the Company shall
not terminate or reduce the amount of the Commitment if, after giving effect thereto and to
any concurrent prepayments hereunder, the Total Outstandings plus the Alternative Currency
Reserve (if any) would exceed the amount of the Commitment, and (iv) if, after giving effect to any
reduction of the amount of the Commitment, the Letter of Credit Sublimit exceeds the amount of the
Commitment, such Sublimit shall be automatically reduced by the amount of such excess. The amount
of any such Commitment reduction shall not be applied to the Letter of Credit Sublimit unless
otherwise specified by the Company. All fees accrued until the effective date of any termination
of the Commitment shall be paid on the effective date of such termination.

     2.06 Repayment of Loans. Each Borrower shall repay to the Lender on the Maturity Date the
aggregate principal amount of Loans made to such Borrower outstanding on such date.

     2.07 Interest.

     (a) Subject to the provisions of subsection (b) below, (i) each Eurocurrency Floating Rate
Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing
date at a rate per annum equal to the Eurocurrency Floating Rate plus the Applicable Margin
plus (in the case of a Eurocurrency Rate Loan which is lent by the Lender from a Lending
Office in the United Kingdom or a Participating Member State) the Mandatory Cost, if any; (ii) each
Eurocurrency Fixed Rate Loan shall bear interest on the outstanding principal

[*] Confidential Treatment Requested

31

 

amount thereof for
each Interest Period at a rate per annum equal to the Eurocurrency Fixed Rate for such Interest
Period plus the Applicable Margin plus (in the case of a Eurocurrency Rate Loan
which is lent by the Lender from a Lending Office in the United Kingdom or a Participating Member
State) the Mandatory Cost, if any; and (iii) each Base Rate Loan shall bear interest on the
outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal
to the Base Rate plus the Applicable Margin applicable to Base Rate Loans.

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

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

     (iii) Upon the request of the Lender, while any Event of Default of the types described
in Sections 9.01(a), (i) or (j) exists, the Borrowers shall pay
interest on the principal amount of all outstanding Obligations hereunder at a fluctuating
interest rate per
annum at all times equal to the Default Rate to the fullest extent permitted by
applicable Laws.

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

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

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

     (a) Commitment Fee. The Company shall pay to the Lender, a commitment fee in Dollars
equal to the Applicable Margin applicable to Commitment Fee times the actual daily amount
by which the amount of the Commitment exceeds the Total Outstandings. The commitment fee shall
accrue at all times during the Availability Period, including at any time during which one or more
of the conditions in Article IV is not met, and shall be due and payable quarterly in
arrears on the last Business Day of each March, June, September and December, commencing with the
first such date to occur after the Closing Date, and on the last day of the Availability Period.
The commitment fee shall be calculated quarterly in arrears, and if there is any change in the
Applicable Margin during any quarter, the actual daily amount shall be

[*] Confidential Treatment Requested

32

 

computed and multiplied by
the Applicable Margin separately for each period during such quarter that such Applicable Margin
was in effect.

     (b) Other Fees. The Company shall pay to the Lender, in Dollars, such fees as shall
have been separately agreed upon in writing in the amounts and at the times so specified. Such
fees shall be fully earned when paid and shall not be refundable for any reason whatsoever.

     2.09 Computation of Interest and Fees. All computations of interest for Base Rate Loans when
the Prime Rate is determined by the Lender’s “prime rate” shall be made on the basis of a year of
365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and
interest shall be made on the basis of a 360-day year and actual days elapsed (which results in
more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year),
or, in the case of interest in respect of Loans denominated in Alternative Currencies as to which
market practice differs from the foregoing, in accordance with such market practice. Interest
shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or
any portion thereof, for the day on which the Loan or such portion is paid, provided that
any Loan that is repaid on the same day on which it is made shall, subject to Section 2.11,
bear interest for one day. Each determination by the Lender of an interest rate or fee hereunder
shall be conclusive and binding for all purposes, absent manifest error.

     2.10 Evidence of Debt. The Credit Extensions made by the Lender shall be evidenced by one or
more accounts or records maintained by the Lender in the ordinary course of business. The accounts
or records maintained by the Lender shall be conclusive absent manifest error of the amount of the
Credit Extensions made by the Lender to the Borrowers and the interest and payments thereon. Any
failure to so record or any error in doing so shall not, however, limit or otherwise affect the
obligation of the Borrowers hereunder to pay any amount owing with respect to the Obligations.
Upon the request of the Lender to a Borrower, such Borrower shall execute and deliver to the Lender
a Note, which shall evidence the Loans to such Borrower in addition to such accounts or records.
The Lender may attach schedules to a Note and endorse thereon the date, Type (if applicable),
amount, currency and maturity of the Loans and payments with respect thereto.

     2.11 Payments Generally. All payments to be made by the Borrowers shall be made without
condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise
expressly provided herein and except with respect to principal of and interest on Loans denominated
in an Alternative Currency, all payments by the Borrowers hereunder shall be made to the Lender at
its Lending Office in Dollars and in Same Day Funds not later than 3:00 p.m. on the date specified
herein. Except as otherwise expressly provided herein, all payments by the Borrowers hereunder
with respect to principal and interest on Loans denominated in an Alternative Currency shall be
made to the Lender at its Lending Office in such Alternative Currency and in Same Day Funds not
later than the Applicable Time specified by the Lender on the dates specified herein. Without
limiting the generality of the foregoing, the Lender may require that any payments due under this
Agreement be made in the United States. If, for any reason, any Borrower is prohibited by any Law
from making any required payment hereunder in an Alternative Currency, such Borrower shall make
such payment in Dollars in the Dollar

[*] Confidential Treatment Requested

33

 

Equivalent of the Alternative Currency payment amount. If
any payment to be made by any Borrower shall come due on a day other than a Business Day, payment
shall be made on the next following Business Day, and such extension of time shall be reflected in
computing interest or fees, as the case may be.

     2.12 Designated Borrowers.

     (a) Effective as of the date hereof each of the Designated Borrowers specified in the
introductory paragraph hereto shall be a “Designated Borrower” hereunder and may receive Loans for
its account on the terms and conditions set forth in this Agreement.

     (b) The Company may at any time, upon not less than 15 Business Days’ notice from the Company
to the Lender (or such shorter period as may be agreed by the Lender in its sole discretion),
designate any Domestic Affiliate (an “Applicant Borrower”) as a Designated Borrower to
receive Loans hereunder by delivering to the Lender a duly executed notice and agreement in
substantially the form of Exhibit D (a “Designated Borrower Request and Assumption
Agreement”). The parties hereto acknowledge and agree that prior to any Applicant Borrower
becoming entitled to utilize the credit facilities provided for herein the Lender shall have
received such supporting resolutions, incumbency certificates, opinions of counsel and
other documents or information, in form, content and scope reasonably satisfactory to the
Lender, as may be reasonably required by the Lender in its sole discretion, and Notes signed by
such new Borrowers to the extent the Lender so requires. If the Lender agrees that an Applicant
Borrower shall be entitled to receive Loans hereunder, then promptly following receipt of all such
requested resolutions, incumbency certificates, opinions of counsel and other documents or
information, the Lender shall send a notice in substantially the form of Exhibit E (a
“Designated Borrower Notice”) to the Company specifying the effective date upon which the
Applicant Borrower shall constitute a Designated Borrower for purposes hereof, whereupon each of
the Lender agrees to permit such Designated Borrower to receive Loans hereunder, on the terms and
conditions set forth herein, and each of the parties agrees that such Designated Borrower otherwise
shall be a Borrower for all purposes of this Agreement; provided that no Loan Notice or
Letter of Credit Application may be submitted by or on behalf of such Designated Borrower until the
date five Business Days after such effective date.

     (c) Each Domestic Affiliate that is or becomes a “Designated Borrower” pursuant to this
Section 2.12 hereby irrevocably appoints the Company as its agent for all purposes relevant
to this Agreement and each of the other Loan Documents, including (i) the giving and receipt of
notices, (ii) the execution and delivery of all documents, instruments and certificates
contemplated herein and all modifications hereto, and (iii) the receipt of the proceeds of any
Loans made by the Lender, to any such Designated Borrower hereunder. Any acknowledgment, consent,
direction, certification or other action which might otherwise be valid or effective only if given
or taken by all Borrowers, or by each Borrower acting singly, shall be valid and effective if given
or taken only by the Company, whether or not any such other Borrower joins therein. Any notice,
demand, consent, acknowledgement, direction, certification or other communication delivered to the
Company in accordance with the terms of this Agreement shall be deemed to have been delivered to
each Designated Borrower.

[*] Confidential Treatment Requested

34

 

     (d) The Company may from time to time, upon not less than 15 Business Days’ notice from the
Company to the Lender (or such shorter period as may be agreed by the Lender in its sole
discretion), terminate a Designated Borrower’s status as such; provided that there are no
outstanding Loans payable by such Designated Borrower, or other amounts payable by such Designated
Borrower on account of any Loans made to it, as of the effective date of such termination.

     2.13 Extension of Maturity Date.

     (a) Requests for Extension. The Company may, by notice to the Lender not earlier than
90 days and not later than 60 days prior to each anniversary of the Maturity Date (the
“Maturity Anniversary Date”) request that the Lender extend the Maturity Date then in
effect hereunder (the “Existing Maturity Date”) for an additional year from the Existing
Maturity Date.

     (b) Lender Election to Extend. The Lender, acting in its sole discretion, shall, by
notice to the Company given not later than the date (the “Notice Date”) that is 30 days
prior to the applicable Maturity Anniversary Date, advise the Company whether or not the Lender
agrees to extend the Existing Maturity Date and any conditions associated with such agreement to
extend and if the Lender does not so advise the Company on or before the Notice Date, the
Lender shall be deemed to have not agreed to such extension.

ARTICLE III.

TAXES, YIELD PROTECTION AND ILLEGALITY

     3.01 Taxes.

     (a) Payments Free of Taxes. Any and all payments by or on account of any obligation
of the respective Borrowers hereunder or under any other Loan Document shall be made free and clear
of and without reduction or withholding for any Indemnified Taxes or Other Taxes, provided
that if the applicable Borrower shall be required by applicable law to deduct any Indemnified Taxes
(including any Other Taxes) from such payments, then (i) the sum payable shall be increased as
necessary so that after making all required deductions (including deductions applicable to
additional sums payable under this Section) the Lender receives an amount equal to the sum it would
have received had no such deductions been made, (ii) such Borrower shall make such deductions and
(iii) such Borrower shall timely pay the full amount deducted to the relevant Governmental
Authority in accordance with applicable law.

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

     (c) Indemnification by the Borrowers. Each Borrower shall indemnify the Lender,
within 10 days after demand therefor, for the full amount of any Indemnified Taxes or Other Taxes
(including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts
payable under this Section) paid by the Lender and any penalties, interest and reasonable expenses
arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes
were correctly or legally imposed or asserted by the relevant

[*] Confidential Treatment Requested

35

 

Governmental Authority;
provided that the Lender has paid such Indemnified Taxes in good faith. A certificate as
to the amount of such payment or liability delivered to a Borrower by the Lender shall be
conclusive absent manifest error.

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

     (e) Treatment of Certain Refunds. If the Lender determines that it has received a
refund of any Taxes or Other Taxes as to which it has been indemnified by any Borrower or with
respect to which any Borrower has paid additional amounts pursuant to this Section, it shall pay to
such Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or
additional amounts paid, by such Borrower under this Section with respect to the Taxes or Other
Taxes giving rise to such refund), net of all out-of-pocket expenses of the Lender and without
interest (other than any interest paid by the relevant Governmental Authority with
respect to such refund), provided that each Borrower, upon the request of the Lender,
agrees to repay the amount paid over to such Borrower (plus any penalties, interest or
other charges imposed by the relevant Governmental Authority) to the Lender in the event the Lender
is required to repay such refund to such Governmental Authority. The Lender agrees to provide to
the Borrower evidence of any refund of any Taxes or Other Taxes described in the preceding sentence
and the amount thereof; provided, however, that the Lender shall not incur any
liability for failing to provide the Borrower with such evidence. This subsection shall not be
construed to require the Lender to make available its tax returns (or any other information
relating to its taxes that it deems confidential) to any Borrower or any other Person.

     3.02 Illegality. If the Lender determines that any Law has made it unlawful, or that any
Governmental Authority has asserted that it is unlawful, for the Lender or its Lending Office to
make, maintain or fund Eurocurrency Rate Loans (whether denominated in Dollars or an Alternative
Currency), or to determine or charge interest rates based upon the Eurocurrency Rate, or any
Governmental Authority has imposed material restrictions on the authority of the Lender to purchase
or sell, or to take deposits of, Dollars or any Alternative Currency in the applicable interbank
market, then, on notice thereof by the Lender to the Company, any obligation of the Lender to make
or continue Eurocurrency Rate Loans in the affected currency or currencies or, in the case of
Eurocurrency Rate Loans in Dollars, to convert Base Rate Loans to Eurocurrency Rate Loans, shall be
suspended until the Lender notifies the Company that the circumstances giving rise to such
determination no longer exist. Upon receipt of such notice, the Borrowers shall, upon demand from
the Lender, prepay or, if applicable and such Loans are denominated in Dollars, convert all
Eurocurrency Rate Loans to Base Rate Loans, either on the last day of the Interest Period therefor,
if the Lender may lawfully continue to maintain such Eurocurrency Rate Loans to such day, or
immediately, if the Lender may not lawfully continue to maintain such Eurocurrency Rate Loans.

     3.03 Inability to Determine Rates.

[*] Confidential Treatment Requested

36

 

     (a) Eurocurrency Floating Rate. If the Lender determines that for any reason in
connection with any request for a Eurocurrency Floating Rate Loan or a conversion to or
continuation thereof that (a) deposits (whether in Dollars or an Alternative Currency) are not
being offered to banks in the applicable offshore interbank market for such currency for the
applicable amount of such Eurocurrency Floating Rate Loan, (b) adequate and reasonable means do not
exist for determining the Eurocurrency Floating Rate with respect to a proposed Eurocurrency Rate
Loan (whether denominated in Dollars or an Alternative Currency), or (c) the Eurocurrency Floating
Rate with respect to a proposed Eurocurrency Floating Rate Loan does not adequately and fairly
reflect the cost to the Lender of funding such Eurocurrency Floating Rate Loan, the Lender will
promptly so notify the Company. Thereafter, the obligation of the Lender to make or maintain
Eurocurrency Floating Rate Loans in the affected currency or currencies shall be suspended until
the Lender revokes such notice. Upon receipt of such notice, the Company may revoke any pending
request for a borrowing of, conversion to or continuation of Eurocurrency Floating Rate Loans in
the affected currency or currencies or, failing that, will
be deemed to have converted such request into a request for a borrowing of Base Rate Loans in
the amount specified therein.

     (b) Eurocurrency Fixed Rate. If the Lender determines that for any reason in
connection with any request for a Eurocurrency Fixed Rate Loan or a conversion to or continuation
thereof that (a) deposits (whether in Dollars or an Alternative Currency) are not being offered to
banks in the applicable offshore interbank market for such currency for the applicable amount and
Interest Period of such Eurocurrency Fixed Rate Loan, (b) adequate and reasonable means do not
exist for determining the Eurocurrency Fixed Rate for any requested Interest Period with respect to
a proposed Eurocurrency Rate Loan (whether denominated in Dollars or an Alternative Currency), or
(c) the Eurocurrency Fixed Rate for any requested Interest Period with respect to a proposed
Eurocurrency Fixed Rate Loan does not adequately and fairly reflect the cost to the Lender of
funding such Eurocurrency Fixed Rate Loan, the Lender will promptly so notify the Company.
Thereafter, the obligation of the Lender to make or maintain Eurocurrency Fixed Rate Loans in the
affected currency or currencies shall be suspended until the Lender revokes such notice. Upon
receipt of such notice, the Company may revoke any pending request for a borrowing of, conversion
to or continuation of Eurocurrency Fixed Rate Loans in the affected currency or currencies or,
failing that, will be deemed to have converted such request into a request for a borrowing of Base
Rate Loans in the amount specified therein.

     3.04 Increased Costs; Reserves on Eurocurrency Rate Loans.

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

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

[*] Confidential Treatment Requested

37

 

          (ii) subject the Lender to any tax of any kind whatsoever with respect to this Agreement, any
Letter of Credit or any Eurocurrency Rate Loan made by it, or change the basis of taxation of
payments to the Lender in respect thereof (except for Indemnified Taxes or Other Taxes covered by
Section 3.01 and the imposition of, or any change in the rate of, any Excluded Tax payable
by the Lender);

          (iii) result in the failure of the Mandatory Cost, as calculated hereunder, to represent the
cost to the Lender of complying with the requirements of the Bank of England and/or the Financial
Services Authority or the European Central Bank in relation to its making, funding or maintaining
Eurocurrency Rate Loans; or

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

and the result of any of the foregoing shall be to increase the cost to the Lender of making or
maintaining any Eurocurrency Rate Loan (or of maintaining its obligation to make any such Loan), or
to increase the cost to the Lender of issuing or maintaining any Letter of Credit (or of
maintaining its obligation to issue any Letter of Credit), or to reduce the amount of any sum
received or receivable by the Lender hereunder (whether of principal, interest or any other amount)
then, upon request of the Lender, the Company will pay (or cause the applicable Designated Borrower
to pay) to the Lender such additional amount or amounts as will compensate the Lender for such
additional costs incurred or reduction suffered.

     (b) Capital Requirements. If the Lender determines that any Change in Law affecting
the Lender or its Lending Office or its holding company, if any, regarding capital requirements has
or would have the effect of reducing the rate of return on the Lender’s capital or on the capital
of its holding company, if any, as a consequence of this Agreement, the Commitment, the Loans or
the Letters of Credit, to a level below that which the Lender or its holding company could have
achieved but for such Change in Law (taking into consideration the Lender’s policies and the
policies of its holding company with respect to capital adequacy), then from time to time the
Company will pay (or cause the applicable Designated Borrower to pay) to the Lender such additional
amount or amounts as will compensate the Lender or its holding company for any such reduction
suffered.

     (c) Certificates for Reimbursement. A certificate of the Lender setting forth the
amount or amounts necessary to compensate the Lender or its holding company, as the case may be, as
specified in subsection (a) or (b) of this Section and delivered to the Company shall be conclusive
absent manifest error. The Company shall pay (or cause the applicable Designated Borrower to pay)
the Lender the amount shown as due on any such certificate within 10 days after receipt thereof.

     (d) Delay in Requests. Failure or delay on the part of the Lender to demand
compensation pursuant to the foregoing provisions of this Section shall not constitute a waiver of
the Lender’s right to demand such compensation; provided that no Borrower shall be required
to compensate the Lender pursuant to the foregoing provisions of this Section for any increased

[*] Confidential Treatment Requested

38

 

costs incurred or reductions suffered more than three months prior to the date that the Lender
notifies the Company of the Change in Law giving rise to such increased costs or reductions and of
the Lender’s intention to claim compensation therefor (except that, if the Change in Law giving
rise to such increased costs or reductions is retroactive, then the three-month period referred to
above shall be extended to include the period of retroactive effect thereof).

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

     3.05 Compensation for Losses. Upon demand of the Lender from time to time, the Company shall
promptly compensate (or cause the applicable Designated Borrower to compensate) the Lender for and
hold the Lender harmless from any loss, cost or expense incurred by it as a result of:

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

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

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

including any loss of anticipated profits, any foreign exchange losses and any loss or expense
arising from the liquidation or reemployment of funds obtained by it to maintain such Loan, from
fees payable to terminate the deposits from which such funds were obtained or from the performance
of any foreign exchange contract. The Company shall also pay (or cause the

[*] Confidential Treatment Requested

39

 

 applicable Designated
Borrower to pay) any reasonable and customary administrative fees charged by such Lender in
connection with the foregoing.

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

     3.06 Survival. All of the Borrowers’ obligations under this Article III shall survive
termination of the Commitment and repayment of all other Obligations hereunder.

ARTICLE IV.

CONDITIONS PRECEDENT TO CREDIT EXTENSIONS

     4.01 Conditions of Initial Credit Extension. The obligation of the Lender to make its initial
Credit Extension hereunder is subject to satisfaction of the following conditions precedent:

     (a) The Lender’s receipt of the following, each of which shall be originals or telecopies
(followed promptly by originals) unless otherwise specified, each properly executed by a
Responsible Officer of the signing Loan Party, each dated the Closing Date (or, in the case of
certificates of governmental officials, a recent date before the Closing Date) and each in form and
substance satisfactory to the Lender and its legal counsel:

          (i) executed counterparts of this Agreement, sufficient in number for distribution to the
Lender and the Company;

          (ii) executed counterparts of the Guaranty, sufficient in number for distribution to the
Lender and the Company;

          (iii) Notes executed by the Borrowers in favor of the Lender;

          (iv) such certificates of resolutions or other action, incumbency certificates and/or other
certificates of Responsible Officers of each Loan Party as the Lender may require evidencing the
identity, authority and capacity of each Responsible Officer thereof authorized to act as a
Responsible Officer in connection with this Agreement and the other Loan Documents to which such
Loan Party is a party;

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

[*] Confidential Treatment Requested

40

 

          (vi) favorable opinions of Baker & McKenzie LLP, counsel to the Borrowers and the Parent, each
addressed to the Lender, as to such other matters concerning the Loan Parties and the Loan
Documents as the Lender may reasonably request;

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

          (viii) a certificate signed by a Responsible Officer of the Parent (A) certifying that (A)
each of the Material Credit Agreements are in full force and effect and that no default or
event of default (howsoever defined) has occurred and is continuing under any of the Material
Credit Agreements and (B) certifying that the financial covenants set forth in Section 5.10
of the Guaranty are no less restrictive than the financial covenants set forth in the Material
Credit Agreements;

          (ix) a certificate signed by a Responsible Officer of the Company certifying (A) that the
conditions specified in Sections 4.02(a) and (b) have been satisfied, and (B) that
there has been no event or circumstance since June 30, 2009 that has had or could be reasonably
expected to have, either individually or in the aggregate, a Material Adverse Effect;

          (x) such other assurances, certificates, documents, consents or opinions as the Lender
reasonably may require.

     (b) Any fees required to be paid on or before the Closing Date shall have been paid.

     (c) Unless waived by the Lender, the Company shall have paid all fees, charges and
disbursements of counsel to the Lender (directly to such counsel if requested by the Lender) to the
extent invoiced prior to or on the Closing Date, plus such additional amounts of such fees,
charges and disbursements as shall constitute its reasonable estimate of such fees, charges and
disbursements incurred or to be incurred by it through the closing proceedings (provided
that such estimate shall not thereafter preclude a final settling of accounts between the Company
and the Lender);.

     (d) The Closing Date shall have occurred on or before November 12, 2009.

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

     (a) The representations and warranties of (i) the Borrowers contained in Article V,
(ii) the Parent contained in Article IV of the Guaranty and (iii) each Loan Party contained
in each other Loan Document or in any document furnished at any time under or in connection
herewith or therewith, shall be true and correct on and as of the date of such Credit Extension,
except to the extent that such representations and warranties specifically refer to an earlier
date, in which

[*] Confidential Treatment Requested

41

 

case they shall be true and correct as of such earlier date, and except that for
purposes of this Section 4.02, the representations and warranties contained in subsection
(a) of Section 4.06 of the Guaranty shall be deemed to refer to the most recent statements
furnished pursuant to clauses (a) and (b), respectively, of Section 5.01 of the Guaranty.

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

     (c) The Lender shall have received a Request for Credit Extension in accordance with the
requirements hereof.

     (d) If the applicable Borrower is a Designated Borrower, then the conditions of Section
2.12 to the designation of such Borrower as a Designated Borrower shall have been met to the
satisfaction of the Lender.

     (e) In the case of a Credit Extension to be denominated in an Alternative Currency, there
shall not have occurred any change in national or international financial, political or economic
conditions or currency exchange rates or exchange controls which in the reasonable opinion of the
Lender would make it impracticable for such Credit Extension to be denominated in the relevant
Alternative Currency.

     Each Request for Credit Extension (other than a Loan Notice requesting only a conversion of
Loans to the other Type or a continuation of Eurocurrency Fixed Rate Loans) submitted by the
Company shall be deemed to be a representation and warranty that the conditions specified in
Sections 4.02(a) and (b) have been satisfied on and as of the date of the
applicable Credit Extension.

ARTICLE V.

REPRESENTATIONS AND WARRANTIES

     Each Borrower represents and warrants to the Lender that:

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

     5.02 Authorization; No Contravention. The execution, delivery and performance by each
Borrower of this Agreement and each other Loan Document to which it is party, have been duly
authorized by all necessary corporate or other organizational action, and do not and will not (a)
contravene the terms of any of such Borrower’s Organization Documents; (b) conflict with or

[*] Confidential Treatment Requested

42

 

result
in any breach or contravention of, or the creation of any Lien under, or require any payment to be
made under (i) any Contractual Obligation to which such Borrower is a party or affecting such
Borrower or the properties of such Borrower or (ii) any order, injunction, writ or decree of any
Governmental Authority or any arbitral award to which such Person or its property is subject; or
(c) violate any Law, to the extent, in the case of clauses (b) and (c), any such conflict, breach,
contravention or violation, could reasonably be expected to have a Material Adverse Effect.

     5.03 Governmental Authorization; Other Consents. No approval, consent, exemption, authorization, or other action by, or notice to, or filing
with, any Governmental Authority or any other Person is necessary or required in connection with
the execution, delivery or performance by, or enforcement against, any Borrower of this Agreement
or any other Loan Document to which any Borrower is a party.

     5.04 Binding Effect. This Agreement has been, and each other Loan Document, when delivered
hereunder, will have been, duly executed and delivered by each Borrower that is party thereto.
This Agreement constitutes, and each other Loan Document when so delivered will constitute, a
legal, valid and binding obligation of such Borrower, enforceable against each Borrower that is
party thereto in accordance with its terms.

     5.05 Litigation. No litigation, tax claim, dispute arbitration, administrative proceeding or
other similar proceeding is presently current or pending or, to a Relevant Company’s knowledge,
threatened that (a) purports to pertain to this Agreement or any other Loan Document, or any of the
transactions contemplated hereby or (b) which might, individually or in the aggregate, have a
Material Adverse Effect.

     5.06 No Default. No Borrower is in default under or with respect to any Contractual
Obligation that could, either individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect. No Default has occurred and is continuing or would result from the
consummation of the transactions contemplated by this Agreement or any other Loan Document.

     5.07 Ownership of Property; Liens. Each Borrower is the legal and beneficial owner of its
assets and undertaking. The property of each Borrower is subject to no Liens, other than Liens
permitted by Section 7.01.

     5.08 Environmental Compliance. Other than those authorizations which a failure to obtain or
maintain is not likely to have a Material Adverse Effect, each Borrower has obtained all
authorizations it is required to obtain under any Environmental Laws and such authorizations are in
full force and effect.

     5.09 ERISA Compliance. Other than with respect to clause (v) of subsection (d) below, except
for matters that could reasonably be expected to result in a Material Adverse Effect:

     (a) Each Plan is in compliance in all material respects with the applicable provisions of
ERISA, the Code and other Federal or state Laws. Each Plan that is intended to qualify under
Section 401(a) of the Code has received a favorable determination letter from the IRS or an

[*] Confidential Treatment Requested

43

 

application for such a letter is currently being processed by the IRS with respect thereto
and, to the best knowledge of each Borrower, nothing has occurred which would prevent, or cause the
loss of, such qualification. Each Borrower and each ERISA Affiliate have made all required
contributions to each Plan subject to Section 412 of the Code, and no application for a funding
waiver or an extension of any amortization period pursuant to Section 412 of the Code has been made
with respect to any Plan.

     (b) There are no pending or, to the best knowledge of each Borrower, threatened claims,
actions or lawsuits, or action by any Governmental Authority, with respect to any Plan that could
reasonably be expected to have a Material Adverse Effect. There has been no prohibited transaction
or violation of the fiduciary responsibility rules with respect to any Plan that has resulted or
could reasonably be expected to result in a Material Adverse Effect.

     (c) (i) No ERISA Event has occurred or is reasonably expected to occur; (ii) no Pension Plan
has any Unfunded Pension Liability; (iii) no Borrower nor any ERISA Affiliate has incurred, or
reasonably expects to incur, any liability under Title IV of ERISA with respect to any Pension Plan
(other than premiums due and not delinquent under Section 4007 of ERISA); (iv) no Borrower nor any
ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and no event has
occurred which, with the giving of notice under Section 4219 of ERISA, would result in such
liability) under Section 4201 or 4243 of ERISA with respect to a Multiemployer Plan; and (v) no
Borrower nor any ERISA Affiliate has engaged in a transaction that could be subject to Section 4069
or 4212(c) of ERISA.

     5.10 Subsidiaries; Equity Interests. No Borrower has any Subsidiaries other than those
specifically disclosed in Part (a) of Schedule 5.10, and all of the outstanding Equity
Interests in such Subsidiaries have been validly issued, are fully paid and nonassessable and are
owned by a Loan Party in the amounts specified on Part (a) of Schedule 5.10 free and clear
of all Liens. No Borrower has any equity investments in any other corporation or entity other than
those specifically disclosed in Part (b) of Schedule 5.10. All of the outstanding Equity
Interests in each Borrower have been validly issued, are fully paid and nonassessable and are owned
by Persons and in the amounts specified on Part (c) of Schedule 5.10 free and clear of all
Liens.

     5.11 Margin Regulations; Investment Company Act; Public Utility Holding Company Act.

     (a) No Borrower is engaged or will engage, principally or as one of its important activities,
in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued
by the FRB), or extending credit for the purpose of purchasing or carrying margin stock.

     (b) No Borrower nor, no Person Controlling any Borrower, nor any Subsidiary (i) is a “holding
company,” or a “subsidiary company” of a “holding company,” or an “affiliate” of a “holding
company” or of a “subsidiary company” of a “holding company,” within the meaning
of the Public Utility Holding Company Act of 1935, or (ii) is or is required to be registered
as an “investment company” under the Investment Company Act of 1940.

[*] Confidential Treatment Requested

44

 

     5.12 Disclosure. All information provided to the Lender by or on behalf of any Borrower in
relation to it, its assets, business or affairs or the Loan Documents was correct and not
misleading (by omission or otherwise) as at the time it was provided.

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

     5.14 Taxpayer Identification Number; Other Identifying Information. The true and correct U.S.
taxpayer identification number of each Borrower a party hereto on the Closing Date is set forth on
Schedule 10.02.

     5.15 No Filing or Stamp Taxes. Under the law of any relevant jurisdiction it is not necessary
that the Loan Documents be filed, recorded or enrolled with any court or other authority in that
jurisdiction or that any stamp duty, registration or other similar Tax be paid on or in relation to
the Loan Documents or the transactions contemplated by those Loan Documents.

     5.16 Taxation. To the best of each Borrower’s knowledge, information and belief, having made
due enquiries, it has complied with all material laws relating to Tax in all jurisdictions in which
it is subject to Tax and has paid all Taxes due and payable by it (other than those Taxes which it
is contesting in good faith and in respect of which it has made adequate reserves as long as
failure to pay those Taxes would not have, and is not reasonably likely to have, a Material Adverse
Effect).

     5.17 Pari Passu. Each Borrower’s payment obligations under the Loan Documents rank at least
pari passu with the claims of all its other unsecured and unsubordinated creditors, except for
obligations mandatorily preferred by law applying to companies generally.

     5.18 Governing Law and Enforcement. Subject to any qualification in any legal opinion provided to the Lender pursuant to the
Loan Documents relating to it or the laws of its jurisdiction:

     (i) the choice of law referred to in this Agreement as the governing law of the Loan Documents
will be recognized and enforced in its jurisdiction of incorporation or organization and in the
jurisdiction referred to in that clause (if different); and

     (ii) any judgment obtained against it in that jurisdiction will be recognized and enforced in
its jurisdiction of incorporation or organization.

     5.19 Not a Trustee. No Borrower enters into any Loan Document as trustee of any trust or
settlement.

[*] Confidential Treatment Requested

45

 

     5.20 Commercial Benefit. The entering into and performance by each Borrower of its
obligations under the Loan Documents to which it is expressed to be a party is for its commercial
benefit and is in its commercial interests.

     5.21 Full Disclosure. Each Borrower has disclosed in writing to the Lender all facts relating
to it and its Subsidiaries, the Loan Documents and all things in connection with them, which are
material to the assessment of the nature and amount of the risk undertaken by the Lender in
entering into the Loan Documents and doing anything in connection with them.

     5.22 Litigation. No litigation, tax claim, dispute arbitration, administrative proceeding or
other similar proceeding is presently current or pending or, to a Borrower’s or its Subsidiaries’
knowledge, threatened, which might have a Material Adverse Effect.

     5.23 Representations True. Each of Borrower’s representations and warranties contained in the
Loan Documents is correct and not misleading when made or repeated.

     5.24 Latest Audited Financial Statements; No Material Adverse Effect.

     (a) The Latest Audited Financial Statements (i) were prepared in accordance with GAAP
consistently applied throughout the period covered thereby, except as otherwise expressly noted
therein; (ii) fairly present the financial condition of the Borrowers and their Subsidiaries as of
the date thereof and their results of operations for the period covered thereby in accordance with
GAAP consistently applied throughout the period covered thereby, except as otherwise expressly
noted therein; and (iii) show all material indebtedness and other liabilities, direct or
contingent, of the Borrowers and their Subsidiaries as of the date thereof, including
liabilities for taxes, material commitments and Indebtedness.

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

ARTICLE VI.

AFFIRMATIVE COVENANTS

     So long as the Commitment shall be in effect, any Loan or other Obligation hereunder shall
remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, each Borrower
shall:

     6.01 Information. Deliver to the Lender, in form and detail satisfactory to the Lender, such
additional information regarding the business, financial or corporate affairs of each Borrower, or
compliance with the terms of the Loan Documents, as the Lender may from time to time reasonably
request.

     6.02 Notices. Promptly notify the Lender:

     (a) of the occurrence of any Default;

[*] Confidential Treatment Requested

46

 

     (b) of any breach of any Environmental Law or the issuing of any proceedings or notice or
requirements against or upon it or its assets in respect of, or which is likely to result in, any
environmental liability or breach of any Environmental Law in each case, which has had, or is
reasonably likely to have a Material Adverse Effect;

     (c) of the commencement of, or any material development in, any litigation, arbitration,
administrative or other proceeding in respect of it or any of its assets being commenced or
threatened which is in excess of $25,000,000 or its equivalent;

     (d) of the occurrence of any ERISA Event;

     (e) of any proposal of any Government Authority to compulsorily acquire the whole or a
substantial part of its assets; and

     (f) of the acquisition or formation by it of a Subsidiary.

     Each notice pursuant to this Section 6.02 shall be accompanied by a statement of a
Responsible Officer of the Company setting forth details of the occurrence referred to therein and
stating what action the Company has taken and proposes to take with respect thereto. Each
notice pursuant to Section 6.02(a) shall describe with particularity any and all
provisions of this Agreement and any other Loan Document that have been breached.

     6.03 Payment of Obligations. Pay and discharge its obligations and liabilities, including (a)
tax liabilities, assessments and governmental charges or levies upon it or its properties or
assets, unless the same are being contested in good faith by appropriate proceedings diligently
conducted and adequate reserves in accordance with GAAP are being maintained by such Borrower; (b)
all lawful claims which, if unpaid, would by law become a Lien upon its property; and (c) all
Indebtedness, as and when due and payable, but subject to any subordination provisions contained in
any instrument or agreement evidencing such Indebtedness.

     6.04 Preservation of Existence, Etc. (a) Preserve, renew and maintain in full force and
effect its legal existence and good standing under the Laws of the jurisdiction of its organization
except in a transaction permitted by Section 7.02 or 7.03; and (b) take all
reasonable action to maintain all rights, privileges, permits, licenses and franchises necessary or
desirable in the normal conduct of its business, except to the extent that failure to do so could
not reasonably be expected to have a Material Adverse Effect.

     6.05 Maintenance of Properties; Conduct of Business; Insurance.

     (a) Maintain, preserve and protect all of its material properties and equipment necessary in
the operation of its business in good working order and condition, ordinary wear and tear excepted.

     (b) Conduct its business (including collecting debts owed to it) in a proper, orderly and
efficient manner;

     (c) and shall ensure that each of its Subsidiaries will:

[*] Confidential Treatment Requested

47

 

          (i) maintain industrial special risks insurance, public liability insurance, professional
indemnity liability insurance and directors and officers liability insurance with an independent
and reputable insurer and consistent with the insurances maintained by it as at the date of this
Agreement;

          (ii) otherwise insure, and keep insured, its property which is of an insurable nature in the
manner and to the extent which is in accordance with good business practice for property of such
nature; and

          (iii) promptly following a request by the Lender, provide the Lender with any certificates of
currency or other evidence of currency in respect of all insurances required to be maintained by it
under this Agreement.

     6.06 Compliance with Laws. Ensure that each Relevant Company will:

     (a) comply with all laws and legal requirements, including each judgment, award, decision,
finding or any other determination of a government agency, which applies to it or any of its
assets, where failure to do so will have or be likely to have a Material Adverse Effect;

     (b) obtain, maintain and comply with:

          (i) all authorizations required in relation to the entry into, performance of obligations
under, and enforceability of, each Loan Document to which it is a party; and

          (ii) all authorizations that are material to the carrying on of the business of the Sims Group
(taken as a whole) where failure to do so has or is likely to have a Material Adverse Effect,

          (iii) and ensure those authorizations are not cancelled, suspended, not renewed, varied or
found to be invalid; and

     (c) not do anything which would prevent the renewal of any authorization referred to in
subsection (b) above or cause it to be renewed on less favorable terms.

     6.07 Books and Records. (a) Maintain proper books of record and account, in which full, true
and correct entries in conformity with GAAP consistently applied shall be made of all financial
transactions and matters involving the assets and business of such Borrower; and (b) maintain such
books of record and account in material conformity with all applicable requirements of any
Governmental Authority having regulatory jurisdiction over such Borrower.

     6.08 Use of Proceeds. Use the proceeds of the Credit Extensions for non-hostile acquisitions
and for general corporate purposes not in contravention of any Law or of any Loan Document.

     6.09 Most Favored Nations Status. Promptly, but in any event within fifteen (15) days after
the occurrence of each such event or matter, give written notice (“Borrower MFN Notice”) to
the Lender specifying in reasonable detail the incurrence of any new or additional

[*] Confidential Treatment Requested

48

 

material
Indebtedness and the material terms (other than pricing) thereof, and of any change, whether by
addition or modification in the material terms (other than pricing), conditions, covenants
(including financial covenants) or events of default of any material Indebtedness. If the Lender
determines in its sole discretion that the terms, covenants (including financial covenants) or
events of default of any material Indebtedness of any Loan Party existing on the date of this
Agreement or incurred thereafter are more restrictive with respect to any Loan Party than the
terms, conditions, covenants (including financial covenants) or events of default of this
Agreement, the Lender shall promptly, but in any event within fifteen (15) days after the Lender’s
receipt of the Borrower MFN Notice, give
written notice (“Lender MFN Notice”) to the Company specifying in reasonable detail
those terms, conditions, covenants (including financial covenants) or events of default of such
Indebtedness, if any, that the Lender will require to be incorporated in this Agreement and the
other Loan Documents. In the event that the Lender delivers a Lender MFN Notice, then within
thirty (30) days after the Company’s receipt thereof, the Company shall, and shall cause each Loan
Party to, execute and deliver to the Lender such documents, instruments, consents and agreements in
form and content satisfactory to the Lender, as may be required by the Lender in its sole
discretion, in order to incorporate into this Agreement and the other Loan Documents the terms,
conditions, covenants (including financial covenants) and events of default specified in the Lender
MFN Notice, together with such supporting resolutions, incumbency certificates, opinions of counsel
and other documents or information, in form, content and scope satisfactory to the Lender, as may
be required by the Lender in its sole discretion.

ARTICLE VII.

NEGATIVE COVENANTS

     So long as the Commitment shall be in effect, any Loan or other Obligation hereunder shall
remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, the Company shall
not, nor shall it permit any Subsidiary to, directly or indirectly:

     7.01 Liens. Create, incur, assume or suffer to exist any Lien upon any of its property,
assets or revenues, whether now owned or hereafter acquired, other than Liens permitted under
Section 6.01 of the Guaranty.

     7.02 Fundamental Changes. Merge, dissolve, liquidate, consolidate with or into another
Person, except that, so long as no Default exists or would result therefrom, any Borrower may merge
with any one or more other Borrowers.

     7.03 Dispositions. Make any Disposition or agree or attempt to do so (whether in one or more
related or unrelated transactions) except Dispositions permitted under Section 6.03 of the
Guaranty.

     7.04 Change in Nature of Business. Engage in any material line of business substantially
different from those lines of business conducted by the Borrowers on the date hereof or any
business substantially related or incidental thereto.

     7.05 Finance Debt.

[*] Confidential Treatment Requested

49

 

          (a) Provide any Finance Debt, or give any Guarantee in respect of any Finance Debt, to or for
the benefit of any Person, other than Permitted Finance Debt or with the prior written consent of
the Lender.

          (b) Permit Finance Debt to remain owing to it by a Borrower or any of its Subsidiaries which
is not a Loan Party.

          (c) Satisfy any Finance Debt owed to a Borrower or any of its Subsidiaries which is not a Loan
Party, except any Finance Debt which, in aggregate with all other Finance Debt owed by a Loan Party
to a Borrower or any of its Subsidiaries which is not a Loan Party that is satisfied in the twelve
(12) month period prior to the date on which the Finance Debt is to be satisfied, does not exceed
AU$10,000,000.

     7.06 Use of Proceeds. Use the proceeds of any Credit Extension, whether directly or
indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock
(within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of
purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose.

     7.07 Negative Pledge.

          (a) Deposit money with a Person in circumstances where the money is not repayable unless the
Borrower performs obligations (including to pay money) to that Person, except in respect of
deposits which in aggregate do not exceed AU$35,000,000 at any time.

          (b) Enter into any arrangement which, if complied with, would prevent any Loan Party from
complying with its obligations under the Loan Documents.

     7.08 Swap Contracts. Enter into a Swap Contract except:

          (a) for the purposes of hedging that Borrower’s actual or projected interest rate, foreign
exchange or other exposures arising in the ordinary course of its ordinary business and not for
speculative purposes; or

          (b) with the Lender’s prior written consent.

ARTICLE VIII.

CROSS-GUARANTY

     8.01 Cross-Guaranty. Each Borrower hereby agrees that such Borrower is jointly and severally
liable for, and subject to the provisions of Section 8.02, each Borrower hereby
irrevocably, absolutely and unconditionally guarantees, as a primary obligor and not merely as a
surety, the full and punctual
payment or performance when due, whether at stated maturity, by required prepayment,
declaration, acceleration, demand or otherwise, and at all times thereafter, all of the Obligations
owed or hereafter owing to the Lender by each other Borrower. Without limiting the generality of
the foregoing, each Borrower’s liability hereunder shall extend to all amounts that constitute part
of the Obligations and would be owed by another Borrower to the

[*] Confidential Treatment Requested

50

 

Lender under the Loan Documents but
for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code of the United
States of America (Title 11, United States Code) (the “Bankruptcy Code”) or the operation
of Sections 502(b) and 506(b) of the Bankruptcy Code.

     8.02 Limitation of Liability. Anything contained in this Article VIII to the contrary
notwithstanding, if any Fraudulent Transfer Law (as hereinafter defined) is determined by a court
of competent jurisdiction to be applicable to the guaranty obligations of any Borrower hereunder,
such obligation shall be limited to a maximum aggregate amount equal to the largest amount that
would not render its obligations hereunder subject to avoidance as a fraudulent transfer or
conveyance under Section 548 of the Bankruptcy Code or any applicable provisions of comparable
state law (collectively, the “Fraudulent Transfer Laws”), in each case after giving effect
to all other liabilities of such Borrower, contingent or otherwise, that are relevant under the
Fraudulent Transfer Laws (specifically excluding, however, any liabilities of such Borrower in
respect of intercompany indebtedness to the other Borrowers or other Affiliates of the other
Borrowers to the extent that such indebtedness would be discharged in an amount equal to the amount
paid by such Borrower hereunder) and after giving effect as assets to the value (as determined
under the applicable provisions of the Fraudulent Transfer Laws) of any rights to subrogation,
reimbursement, indemnification or contribution of such Borrower pursuant to applicable Law or
pursuant to the terms of any agreement.

     8.03 Liability of Borrowers Absolute. Each Borrower agrees that its guaranty obligation
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 Obligations guaranteed hereunder. In furtherance of the foregoing and
without limiting the generality thereof, each Borrower agrees as follows:

     (a) Its guaranty obligation hereunder constitutes a guaranty of payment and performance when
due and not of collection.

     (b) The Lender may enforce its guaranty obligation hereunder upon the occurrence of an Event
of Default under the Loan Documents notwithstanding the existence of any dispute between or among
any other Borrower and the Lender with respect to the existence of such Event of Default.

     (c) The guaranty obligations of each Borrower hereunder are independent of the obligations of
the Borrowers hereunder or under the Loan Documents and the obligations of any other guarantor of
the Obligations, and a separate action or actions may be brought and
prosecuted against each Borrower to enforce its guaranty obligations hereunder, irrespective
of whether any action is brought against any other Borrower or any other Loan Party or whether any
other Borrower or any other Loan Party is joined in any such action or actions.

     (d) Payment by the Borrowers of a portion, but not all, of the Obligations shall in no way
limit, affect, modify or abridge any Borrower’s liability for any portion of the Obligations which
has not been paid. Without limiting the generality of the foregoing, if the Lender is awarded a
judgment in any suit brought to enforce any Borrower’s covenant to pay a portion of

[*] Confidential Treatment Requested

51

 

the
Obligations, such judgment shall not be deemed to release any Borrower from its covenant to pay the
portion of the Obligations that is not the subject of such suit.

     (e) The Lender upon such terms as it deems appropriate, without notice or demand and without
affecting the validity or enforceability of the guaranty obligations of each Borrower hereunder or
giving rise to any reduction, limitation, impairment, discharge or termination of the guaranty
obligations any Borrower 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
Obligations, (ii) settle, compromise, release or discharge, or accept or refuse any offer of
performance with respect to, or substitutions for, the 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 Obligations, (iv) release, surrender, exchange,
substitute, compromise, settle, rescind, waive, alter, subordinate or modify, with or without
consideration, any other guaranties of the Obligations, or any other obligation of any Person
(including any other Borrower) with respect to the Obligations and (v) exercise any other rights
available to them under the Loan Documents.

     (f) The guaranty obligations of each Borrower 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 Obligations), including the occurrence of any of the
following, whether or not such Borrower shall have had notice or knowledge of any of them: (i) any
failure or omission to assert or enforce an 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 at law, in
equity or otherwise) with respect to the Obligations or any agreement relating thereto, or with
respect to any other guaranty of the payment of the 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) of the Loan Documents or any agreement or
instrument executed pursuant thereto, or of any other guaranty for the Obligations, in each case
whether or not in accordance with the terms of the Loan Documents or any agreement relating to such
other guaranty; (iii) the 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 to the payment of indebtedness of the Borrowers other than the Obligations, even
though the Lender might have elected to apply such payment to any part or all of the Obligations;
(v) the Lender’s consent to the change, reorganization or termination of the corporate structure or
existence of any Borrower or any of their Subsidiaries and to any corresponding restructuring of
the Obligations; (vi) any defenses, set-offs or counterclaims which the Borrower may allege or
assert against the Lender in respect
of the Obligations, including failure of consideration, breach of warranty, payment, statute
of frauds, statute of limitations, accord and satisfaction and usury; and (vii) any other act or
thing or omission, or delay to do any other act or thing, which may or might in any manner or to
any extent vary the risk of any Borrower as an obligor in respect of the Obligations.

     8.04 Waivers by Borrowers. Each Borrower hereby waives, for the benefit of the Lender:

[*] Confidential Treatment Requested

52

 

     (a) any right to require the Lender, as a condition of payment or performance by any Borrower,
to (i) proceed against the Borrowers, any other guarantor of the Guaranteed Obligations or any
other Person, (ii) proceed against or have resort to any balance of any deposit account or credit
on the books of the Lender in favor of any Borrower or any other Person, or (iii) pursue any other
remedy in the power of the Lender whatsoever;

     (b) any defense arising by reason of the incapacity, lack of authority or any disability or
other defense of any Borrower including any defense based on or arising out of the lack of validity
or the unenforceability of the Obligations or any agreement or instrument relating thereto or by
reason of the cessation of the liability of any Borrower from any cause other than payment in full
of the Obligations;

     (c) any defense based upon any 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 the Lender’s errors or omissions in the administration of the
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 of this Article VIII and any legal or equitable discharge of any
Borrower’s obligations hereunder, (ii) the benefit of any statute of limitations affecting any
Borrower’s liability hereunder or the enforcement hereof, and (iii) any rights to set-offs,
recoupments and counterclaims;

     (f) notices, demands, presentments, protests, notices of protest, notices of dishonor and
notices of any action or inaction, notices of default under the Loan Documents or any agreement or
instrument related thereto, notices of any renewal, extension or modification of the Obligations or
any agreement related thereto, notices of any extension of credit to any Borrower and notices of
any of the matters referred to in Section 8.03 above 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 of this
Article VIII.

     8.05 Borrower’s Rights of Subrogation, Contribution, Etc. Until all of the Obligations shall have been finally and indefeasibly paid and performed in
full, the Commitment has been terminated, all Letters of Credit issued or deemed issued pursuant to
this Agreement have been surrendered, each Borrower waives any claim, right or remedy, direct or
indirect, that such Borrower now has or may hereafter have against any other Borrower or any of
their assets in connection with this Article VIII or the performance by such Borrower of
its guaranty 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 (a) any right of
subrogation, reimbursement or indemnification that such Borrower now has or may hereafter have
against any other Borrower, and (b) any right to enforce, or to participate in, any claim, right or
remedy that the Lender now has or may hereafter have against any other Borrower. In addition,
until all of

[*] Confidential Treatment Requested

53

 

the Obligations shall have been finally and indefeasibly paid and performed in full,
the Commitment has been terminated, all Letters of Credit issued or deemed issued pursuant to this
Agreement have been surrendered, each Borrower shall withhold exercise of any right of contribution
such Borrower may have against any other guarantor of the Obligations. Each Borrower 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 Borrower may have against any other Borrower, and any rights
of contribution such Borrower may have against any such other guarantor, shall be junior and
subordinate to any rights the Lender may have against each Borrower, and to any right the Lender
may have against such other guarantor. If any amount shall be paid to a Borrower on account of any
such subrogation, reimbursement, indemnification or contribution rights at any time when the
Obligations shall not have been finally and indefeasibly paid and performed in full, the Commitment
shall not have been terminated, all Letters of Credit issued or deemed issued pursuant to this
Agreement shall not have been surrendered shall not have been terminated, such amount shall be held
in trust for the Lender and shall forthwith be paid over to the Lender to be applied against the
Obligations, whether matured or unmatured, in accordance with the terms hereof.

     8.06 Continuing Guaranty; Reinstatement of Guaranty.

     (a) The guaranty obligations of each Borrower hereunder shall be continuing and shall remain
in effect until all of the Obligations shall have been finally and indefeasibly paid and performed
in full (other than contingent indemnification obligations), the Commitment has been terminated,
all Letters of Credit issued or deemed issued pursuant to this Agreement have expired or been
terminated. Each Borrower hereby irrevocably waives any right to revoke its guaranty obligations
hereunder as to future transactions giving rise to any Obligations.

     (b) In the event that all or any portion of the Obligations are paid by any Borrower or by any
other guarantor, the obligations of each Borrower 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 the Lender as a preference,
fraudulent transfer or otherwise, and any such payments which are so rescinded or recovered shall
constitute Obligations for all purposes under this Article VIII.

     8.07 Indemnity and Contribution. Each Borrower (for purposes of this Section 8.07, a “Contributing Party”)
agrees (subject to the provisions of Section 8.05) that, in the event a payment shall be
made by any other Borrower under this Article VIII of all or any of the Obligations (other
than Credit Extensions for which that Borrower is primarily liable) (for purposes of this
Section 8.07, a, the “Claiming Party”), the Contributing Party shall indemnify the
Claiming Party in an amount equal to the amount of such payment multiplied by a fraction of which
the numerator shall be the net worth of the Contributing Party on the date of this Agreement (or,
in the case of any Designated Borrower becoming a party hereto pursuant to Section 2.12
hereof, the effective date specified in the Designated Borrower Notice given by the Lender in
respect of such Designated Borrower) and the denominator shall be the aggregate net worth of all
the Borrowers on the date of this Agreement (or, in the case of any Designated

[*] Confidential Treatment Requested

54

 

Borrower becoming a
party hereto pursuant to Section 2.12 hereof, the effective date specified in the
Designated Borrower Notice given by the Lender in respect of such Designated Borrower).

     8.08 Liability Cumulative. The debts, liabilities, obligations, covenants and duties of
Borrowers under this Article VIII is in addition to and shall be cumulative with all debts,
liabilities, obligations, covenants and duties of each Borrower to Lender under this Agreement and
the other Loan Documents to which such Borrower is a party or in respect of any Obligations or
obligation of the other Borrowers, without any limitation as to amount, unless the instrument or
agreement evidencing or creating such other liability specifically provides to the contrary.

ARTICLE IX.

EVENTS OF DEFAULT AND REMEDIES

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

     (a) Non-Payment. Any Borrower or any other Loan Party fails to pay (i) when and as
required to be paid herein, and in the currency required hereunder, any amount of principal of any
Loan or any L/C Obligation, or (ii) within three days after the same becomes due, any interest on
any Loan or on any L/C Obligation, or any commitment or other fee due hereunder, or (iii) within
five days after the same becomes due, any other amount payable hereunder or under any other Loan
Document; or

     (b) Specific Covenants. The Company fails to perform or observe any term, covenant or
agreement contained in any of Section 6.01, 6.04, or 6.08 or
Article VII, or the Parent fails to perform or observe any term, covenant or agreement
contained in any of Sections 5.01, 5.02, 5.03, 5.05 or 5.10
or Article VI of the Guaranty; or

     (c) Other Defaults. Any Loan Party fails to perform or observe any other covenant or
agreement (not specified in subsection (a) or (b) above) contained in any Loan Document on its part
to be performed or observed and such failure continues for 30 days; or

     (d) Representations and Warranties. Any representation, warranty, certification or
statement of fact made or deemed made (i) by the Borrowers contained in Article V, (ii) by
the Parent contained in Article IV of the Guaranty and (iii) or on behalf of any Loan Party
contained in each other Loan Document, or in any document delivered in connection herewith or
therewith shall be incorrect or misleading in any material respect when made or deemed made; or

     (e) Material Credit Agreements. A default or event of default (howsoever defined) has
occurred and is continuing under any Material Credit Agreement, the effect of which default or
other event is to cause, or to permit the counterparty or counterparties under such Material Credit
Agreements to cause, with the giving of notice if required, the Indebtedness evidenced thereby or
credit extended thereunder to be demanded or to become due prior to its stated maturity;

[*] Confidential Treatment Requested

55

 

     (f) Cross-Default. Any Finance Debt of a Relevant Company in an amount of at least
AU$5,000,000 or its equivalent or of the Relevant Companies totaling (in aggregate for all such
Relevant Companies) at least AU$25,000,000 or its equivalent:

          (i) becomes due and payable before the scheduled date for payment (except as a result of an
exercise of a prepayment right in the absence of default); or

          (ii) is not paid when due (after taking into account any applicable grace period); or

     (g) Change of Control. There occurs any Change of Control and 90 calendar days have
elapsed following such Change of Control; or

     (h) Material Adverse Effect. There occurs any event which has a Material Adverse
Effect; or

     (i) Insolvency Proceedings, Etc. Any Relevant Company institutes or consents to the
institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit
of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian,
conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of
its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or
similar officer is appointed without the application or consent of such Person and the appointment
continues undischarged or unstayed for 60 calendar days; or any proceeding under any Debtor Relief
Law relating to any such Person or to all or any material part of its property is instituted
without the consent of such Person and continues undismissed or unstayed for 60 calendar days, or
an order for relief is entered in any such proceeding; or

     (j) Inability to Pay Debts; Attachment. (i) Any Relevant Company becomes unable or
admits in writing its inability or fails generally to pay its debts as they become due, or (ii) a
distress, attachment, execution or other process of a Governmental Authority is issued against,
levied or entered upon (A) an asset of a Relevant Company with a value or in an amount of at least
AU$10,000,000 or its equivalent or (B) an asset or assets of the Relevant Companies
totaling (in aggregate for all such Relevant Companies) at least AU$25,000,000 or its
equivalent, and is not set aside or satisfied within 10 Business Days after its issue or levy; or

     (k) Judgments.

          (i) There is entered against the Relevant Companies

          (A) one or more final judgments or orders for the payment of money totaling (in
aggregate for all such Relevant Companies) at least AU$25,000,000 or its equivalent (to the
extent not covered by independent third-party insurance as to which the insurer does not
dispute coverage), or

          (B) any one or more non-monetary final judgments,

     that, in either case, if enforced under applicable law, could reasonably be expected to

[*] Confidential Treatment Requested

56

 

have, individually or in the aggregate, a Material Adverse Effect, or

          (ii) a distress, attachment, execution or other process of a government agency is issued
against, levied or entered upon:

          (A) an asset of a Relevant Company with a value or in an amount of at least
AU$10,000,000 or its equivalent; or

          (B) an asset or assets of Relevant Companies totaling (in aggregate for all such
Relevant Companies) at least AU$25,000,000 or its equivalent,

     and, in either case, is not set aside or satisfied within 10 Business Days; or

     (l) ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer
Plan which has resulted or could reasonably be expected to result in liability of any Borrower
under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount
in excess of the Threshold Amount, or (ii) any Borrower or any ERISA Affiliate fails to pay when
due, after the expiration of any applicable grace period, any installment payment with respect to
its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate
amount in excess of the Threshold Amount; or

     (m) Invalidity of Loan Documents. Any provision of this Agreement, the Guaranty or
any other Loan Document, at any time after its execution and delivery and for any reason other than
as expressly permitted hereunder or thereunder or satisfaction in full of all the Obligations,
ceases to be in full force and effect; or any Loan Party or any other Person contests in any manner
the validity or enforceability of any provision of any Loan Document; or any Loan Party denies that
it has any or further liability or obligation under any Loan Document, or purports to revoke,
terminate or rescind any provision of any Loan Document; or

     (n) Cancellation of Commitment. An obligation upon any Person to provide Finance Debt
to (i) a Relevant Company totaling at least AU$5,000,000 (or its equivalent) or (ii) the
Relevant Companies totaling (in aggregate) at least AU$25,000,000 (or its equivalent), is
terminated except as a result of voluntary termination in the absence of default; or

     (o) Encumbrance. Any encumbrance is enforced against an asset or assets of a Relevant
Company with value or in an amount exceeding AU$10,000,000 or its equivalent; or

     (p) Suspends Payments. A Relevant Company suspends payment of its debts generally; or

     (q) Unenforceability. (i) All or a material part of a Loan Document is illegal, void,
voidable or unenforceable, or (ii) a Relevant Company becomes entitled to terminate any material
provision of any Loan Document (other than following the occurrence of a termination event or event
of default under a Swap Contract with the Lender in respect of which the Lender is an “Affected
Party” or the “Defaulting Party” (as applicable) as defined in that Swap Contract), or (iii) the
execution, delivery or performance of a Loan Document by a Loan Party or

[*] Confidential Treatment Requested

57

 

the exercise by the Lender
of all or any of its rights under a Loan Document breaches or results in a contravention of any
law; or

     (r) Environmental. There is any claim or requirement of expenditure or alteration of
activity or cessation of activity under any Environmental Law or law relating to health or there is
any breach of any authorization, in each case which in the opinion of the Lender is likely to have
a Material Adverse Effect or any circumstance arises which may give rise to such an action, claim,
requirement or breach; or

     (s) Governmental interference. A law or anything done by a Governmental Authority is
likely to in the opinion of the Lender have a Material Adverse Effect; or

     (t) Seizure. All or any material part of the assets of the Sims Group are seized or
otherwise appropriated by, or custody thereof is assumed by any Governmental Authority, or the Sims
Group is otherwise prevented from exercising normal day-to-day control over all or a material part
of its assets or loses any of the rights or privileges necessary to maintain its existence or to
carry on its business and Sims does not demonstrate to the reasonable satisfaction of the Lender
within fifteen (15) Business Days of such seizure, appropriation, assumption of custody or
execution that no Material Adverse Effect has resulted, or is reasonably likely to result,
therefrom; or

     (u) Investigation. A Person is appointed under the Corporations Act or any other
applicable legislation to investigate any part of the affairs of a Loan Party and the relevant Loan
Party does not demonstrate to the reasonable satisfaction of the Lender within 15 Business Days of
such appointment that no Material Adverse Effect has resulted from, or is reasonably likely to
result from, the investigation or as a consequence thereof; or

     (v) Deregistration. . A step is taken under section 601AA, 601AB or 601AC of the
Corporations Act or analogous provisions in a relevant jurisdiction to cancel the registration of a
Loan Party; or

     (w) ASX delisting/Suspension. Except with the written consent of the Lender, any
securities of the Parent are:

          (i) not listed on at least one of:

          (A) the official list of the Australian Securities Exchange operated by ASX Limited; or

          (B) the official list of the New York Stock Exchange; or

          (ii) suspended from quotation or trading on any official list referred to in clause (i) for 5
consecutive trading days (except where such suspension is requested by the Parent for the purpose
of an acquisition or a fundraising and such securities remain suspended on that basis only and not
on any other basis); or

          (iii) removed from the official list of any of:

[*] Confidential Treatment Requested

58

 

          (A) the Australian Securities Exchange operated by ASX Limited;

          (B) the New York Stock Exchange; or

          (C) another stock exchange,

          because the operator of the relevant stock exchange decides that the Parent or its securities
no longer meet the requirements for continued listing (except where Sims has requested such removal
and that is the sole basis for the removal); or

     (x) Ceasing Business. A Loan Party stops payment, significantly changes the general
character of its business or threatens to do any of those things, or a Relevant Company ceases to
carry on business, except to reconstruct or amalgamate while solvent, and which event may have a
Material Adverse Effect.

     9.02 Remedies Upon Event of Default.

     (a) Remedies Generally. If any Event of Default occurs and is continuing, the Lender
may take any or all of the following actions:

          (i) declare the Commitment to be terminated, whereupon the Commitment shall be terminated;

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

          (iii) require that the Company Cash Collateralize the L/C Obligations (in an amount equal to
the then Outstanding Amount thereof); and

          (iv) exercise all rights and remedies available to it under the Loan Documents or applicable
Laws;

provided, however, that upon the occurrence of an actual or deemed entry of an
order for relief with respect to any Borrower under the Bankruptcy Code of the United States, the
Commitment shall automatically terminate, the unpaid principal amount of all outstanding Loans and
all interest and other amounts as aforesaid shall automatically become due and payable, and the
obligation of the Company to Cash Collateralize the L/C Obligations as aforesaid shall
automatically become effective, in each case without further act of the Lender.

     (b) Borrower Agreement. Subject to subsection (c) below, Borrowers shall, upon demand
therefor as provided in subsection (a) above, immediately:

          (i) repay the unpaid principal amount of all outstanding Loans, all interest accrued and
unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document;
and

[*] Confidential Treatment Requested

59

 

          (ii) Cash Collateralize the L/C Obligations (in an amount equal to the then Outstanding Amount
thereof).

     (c) Standstill Period. A demand made by the Lender for the repayment of Loans under
subsection (a)(ii) or for the Cash Collateralization of the L/C Obligations under subsection
(a)(iii) shall not be binding on any Borrower if:

          (i) it is given because of the occurrence of an Event of Default specified in Section
5.10 of the Guaranty or Sections 9.01(c), 9.01(d), 9.01(f),
9.01(n), 9.01(q) or 9.01(x) of this Agreement; and

          (ii) within 2 Business Days of the notice the Company is able to demonstrate to the Lender’s
absolute satisfaction (in the Lender’s sole and absolute discretion) that:

          (A) the Event of Default did not occur or does not exist; or

          (B) where the notice relates to an Event of Default specified in Section
9.01(x), the occurrence or existence of such Event of Default does not and will not have
a Material Adverse Effect.

     9.03 Application of Funds. After the exercise of remedies provided for in Section
9.02 (or after the Loans have automatically become immediately due and payable and the L/C
Obligations have automatically been required to be Cash Collateralized as set forth in the proviso
to Section 9.02(a)), any amounts received on account of the Obligations shall be applied by
the Lender in such order as it elects in its sole discretion.

     9.04 Review Event. If any securities of the Parent are added to the official list of any stock exchange (other
than the official list of the Australian Securities Exchange operated by ASX Limited and the
official list of the New York Stock Exchange), then the Lender may, for a period of not less than
60 days after the date the Lender is notified of that event (the “Listing Review Period”),
review the terms of any Finance Debt provided under any Loan Document. Following the Listing
Review Period the Lender may require repayment on demand of all or part of the Finance Debt
provided to any Loan Party and terminate all its facilities, if the Lender, acting reasonably,
believes that the Parent’s presence on the official list of such a stock exchange, will have, or is
reasonably likely to have, a Material Adverse Effect.

ARTICLE X.

MISCELLANEOUS

     10.01 Amendments, Etc. No amendment or waiver of any provision of this Agreement or any other
Loan Document, and no consent to any departure by the Company or any other Loan Party therefrom,
shall be effective unless in writing signed by the Lender and the Company or the applicable Loan
Party, as the case may be, and each such waiver or consent shall be effective only in the specific
instance and for the specific purpose for which given.

     10.02 Notices; Effectiveness; Electronic Communication.

[*] Confidential Treatment Requested

60

 

     (a) Notices Generally. Except in the case of notices and other communications
expressly permitted to be given by telephone (and except as provided in subsection (b) below), all
notices and other communications provided for herein shall be in writing and shall be delivered by
hand or overnight courier service, mailed by certified or registered mail or sent by telecopier as
follows, and all notices and other communications expressly permitted hereunder to be given by
telephone shall be made to the applicable address, telecopier number, electronic mail address or
telephone number specified for notices to the applicable Person on Schedule 10.02. Notices
sent by hand or overnight courier service, or mailed by certified or registered mail, shall be
deemed to have been given when received; notices sent by telecopier shall be deemed to have been
given when sent (except that, if not given during normal business hours for the recipient, shall be
deemed to have been given at the opening of business on the next business day for the recipient).
Notices delivered through electronic communications to the extent provided in subsection (b) below,
shall be effective as provided in such subsection (b).

     (b) Electronic Communications. Notices and other communications to the Lender
hereunder may be delivered or furnished by electronic communication (including e mail and Internet
or intranet websites) pursuant to procedures approved by the Lender; provided that the
foregoing shall not apply to notices to the Lender pursuant to Article II if the Lender has
notified the Company that it is incapable of receiving notices under such Article by electronic
communication. The Lender or the Company may, in its discretion, agree to accept notices and other
communications to it hereunder by electronic communications pursuant to procedures approved by it;
provided that approval of such procedures may be limited to particular notices or
communications.

     Unless the Lender otherwise prescribes, (i) notices and other communications sent to an e-mail
address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended
recipient (such as by the “return receipt requested” function, as available, return e-mail or other
written acknowledgement); provided that if such notice or other communication is not sent
during the normal business hours of the recipient, such notice or communication shall be deemed to
have been sent at the opening of business on the next business day for the recipient, and (ii)
notices or communications posted to an Internet or intranet website shall be deemed received upon
the deemed receipt by the intended recipient at its e-mail address as described in the foregoing
clause (i) of notification that such notice or communication is available and identifying the
website address therefor.

     (c) Change of Address, Etc. Each of the Borrowers and the Lender may change its
address, telecopier or telephone number for notices and other communications hereunder by notice to
the other parties hereto.

     (d) Reliance by Lender. The Lender shall be entitled to rely and act upon any notices
(including telephonic Loan Notices) purportedly given by or on behalf of any Borrower even if (i)
such notices were not made in a manner specified herein, were incomplete or were not preceded or
followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by
the recipient, varied from any confirmation thereof. The Company shall indemnify the Lender and
its Related Parties from all losses, costs, expenses and liabilities resulting from the reliance by
such Person on each notice purportedly given by or on behalf of

[*] Confidential Treatment Requested

61

 

any Borrower. All telephonic
notices to and other telephonic communications with the Lender may be recorded by the Lender, and
each of the parties hereto hereby consents to such recording.

     10.03 No Waiver; Cumulative Remedies. No failure by the Lender to exercise, and no delay by
the Lender in exercising, any right, remedy, power or privilege hereunder shall operate as a waiver
thereof; nor shall any single or partial exercise of any right, remedy, power or privilege
hereunder preclude any other or further exercise thereof or the exercise of any other right,
remedy, power or privilege. The rights, remedies, powers and privileges herein provided are
cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.

     10.04 Expenses; Indemnity; Damage Waiver.

     (a) Costs and Expenses. The Company shall pay (i) all reasonable out of pocket
expenses incurred by the Lender and its Affiliates (including the reasonable fees, charges and
disbursements of counsel for the Lender), in connection with the preparation, negotiation,
execution, delivery and administration of this Agreement and the other Loan Documents or any
amendments, modifications or waivers of the provisions hereof or thereof (whether or not the
transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable out of
pocket expenses incurred by the Lender in connection with the issuance, amendment, renewal or
extension of any Letter of Credit or any demand for payment thereunder and (iii) all out of pocket
expenses incurred by the Lender (including the reasonable fees, charges and disbursements of any
counsel for the Lender), and shall pay all fees and time charges for
attorneys who may be employees of the Lender, in connection with the enforcement or protection
of its rights (A) in connection with this Agreement and the other Loan Documents, including its
rights under this Section, or (B) in connection with the Loans made or Letters of Credit issued
hereunder, including all such out of pocket expenses incurred during any workout, restructuring or
negotiations in respect of such Loans or Letters of Credit.

     (b) Indemnification by the Company. The Company shall indemnify the Lender and its
Related Parties (each such Person being called an “Indemnitee”) against, and hold each
Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses
(including the fees, charges and disbursements of any counsel for any Indemnitee), and shall
indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements for
attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against
any Indemnitee by any third party or by any Borrower or any other Loan Party arising out of, in
connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan
Document or any agreement or instrument contemplated hereby or thereby, the performance by the
parties hereto of their respective obligations hereunder or thereunder, the consummation of the
transactions contemplated hereby or thereby, or the administration of this Agreement and the other
Loan Documents, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds
therefrom (including any refusal by the Lender to honor a demand for payment under a Letter of
Credit if the documents presented in connection with such demand do not strictly comply with the
terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous
Materials on or from any property owned or operated by any Borrower or any of its Subsidiaries, or
any Environmental Liability related in any way to any Borrower or any of its Subsidiaries, or (iv)
any actual or threatened claim, litigation,

[*] Confidential Treatment Requested

62

 

investigation or proceeding relating to any of the
foregoing, whether based on contract, tort or any other theory, whether brought by a third party or
by the Company or any other Loan Party, and regardless of whether any Indemnitee is a party
thereto, in all cases, whether or not caused by or arising, in whole or in part, out of the
comparative, contributory or sole negligence of the Indemnitee; provided that such
indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims,
damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by
final and nonappealable judgment to have resulted from the gross negligence or willful misconduct
of such Indemnitee or (y) result from a claim brought by the Company or any other Loan Party
against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under
any other Loan Document, if the Company or such other Loan Party has obtained a final and
nonappealable judgment in its favor on such claim as determined by a court of competent
jurisdiction.

     (c) Waiver of Consequential Damages, Etc. To the fullest extent permitted by
applicable law, no Borrower shall assert, and hereby waives, any claim against any Indemnitee, on
any theory of liability, for special, indirect, consequential or punitive damages (as opposed to
direct or actual damages) arising out of, in connection with, or as a result of, this Agreement,
any other Loan Document or any agreement or instrument contemplated hereby, the transactions
contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof.
No Indemnitee referred to in subsection (b) above shall be liable for any damages arising from the
use by unintended recipients of any information or other materials distributed to such unintended
recipients by such Indemnitee through telecommunications, electronic or other
information transmission systems in connection with this Agreement or the other Loan Documents
or the transactions contemplated hereby or thereby other than for direct or actual damages
resulting from the gross negligence or willful misconduct of such Indemnitee as determined by a
final and nonappealable judgment of a court of competent jurisdiction.

     (d) Payments. All amounts due under this Section shall be payable not later than ten
Business Days after demand therefor.

     (e) Survival. The agreements in this Section shall survive the termination of the
Commitment and the repayment, satisfaction or discharge of all the other Obligations.

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

     10.06 Successors and Assigns.

[*] Confidential Treatment Requested

63

 

     (a) Successors and Assigns Generally. The provisions of this Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby, except that neither any Borrower nor any other Loan Party may assign or
otherwise transfer any of its rights or obligations hereunder without the prior written consent of
the Lender and the Lender may not assign or otherwise transfer any of its rights or obligations
hereunder except (i) to an Eligible Assignee in accordance with the provisions of subsection (b) of
this Section, (ii) by way of participation in accordance with the provisions of subsection (c) of
this Section, or (iii) by way of pledge or assignment of a security interest subject to the
restrictions of subsection (c) of this Section (and any other attempted assignment or transfer by
any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall
be construed to confer upon any Person (other than the parties hereto, their respective successors
and assigns permitted hereby, Participants to the extent provided in subsection (d) of this Section
and, to the extent expressly contemplated hereby, the Related Parties of the Lender) any legal or
equitable right, remedy or claim under or by reason of this Agreement.

     (b) Assignments by Lender. The Lender may at any time assign to one or more Eligible
Assignees all or a portion of its rights and obligations under this Agreement (including all or a
portion of the Commitment, the Loans and L/C Obligations at the time owing to it) pursuant to
documentation acceptable to the Lender and the assignee, it being understood and agreed that with
respect to any Letters of Credit outstanding at the time of any such assignment, the Lender may
sell to the assignee a ratable participation in such Letters of Credit. From and after the
effective date specified in such documentation, such Eligible Assignee shall be a party
to this Agreement and, to the extent of the interest assigned by the Lender, have the rights
and obligations of the Lender under this Agreement, and the Lender shall, to the extent of the
interest so assigned, be released from its obligations under this Agreement (and, in the case of an
assignment of all of the Lender’s rights and obligations under this Agreement, shall cease to be a
party hereto but shall continue to be entitled to the benefits of Sections 3.01,
3.04, 3.05, 10.04 and 10.05 with respect to facts and circumstances
occurring prior to the effective date of such assignment, and shall continue to have all of the
rights provided hereunder to the Lender in its capacity as issuer of any Letters of Credit
outstanding at the time of such assignment). Upon request, the Borrowers (at their expense) shall
execute and deliver new or replacement Notes to the Lender and the assignee, and shall execute and
deliver any other documents reasonably necessary or appropriate to give effect to such assignment
and to provide for the administration of this Agreement after giving effect thereto.

     (c) Participations. The Lender may at any time, without the consent of, or notice to,
any Borrower, sell participations to any Person (other than a natural person or the Company or any
of the Company’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of
the Lender’s rights and/or obligations under this Agreement (including all or a portion of its
Commitment and/or the outstanding Letters of Credit and/or the Loans and/or the reimbursement
obligations in respect of Letters of Credit); provided that (i) the Lender’s obligations
under this Agreement shall remain unchanged, (ii) the Lender shall remain solely responsible to the
Borrower for the performance of such obligations and (iii) the Borrower shall continue to deal
solely and directly with the Lender in connection with the Lender’s rights and obligations under
this Agreement. Any agreement or instrument pursuant to which the Lender sells such a
participation shall provide that the Lender shall retain the sole right to enforce this Agreement

[*] Confidential Treatment Requested

64

 

and to approve any amendment, modification or waiver of any provision of this Agreement;
provided that such agreement or instrument may provide that the Lender will not, without
the consent of the Participant, agree to any amendment, waiver or other modification that would (i)
postpone any date upon which any payment of money is scheduled to be made to such Participant, (ii)
reduce the principal, interest, fees or other amounts payable to such Participant (provided,
however, that the Lender may, without the consent of the Participant, (A) amend any financial
covenant hereunder (or any defined term used therein) even if the effect of such amendment would be
to reduce the rate of interest on any Loan or Letter of Credit reimbursement obligation or to
reduce any fee payable hereunder and (B) waive the right to be paid interest at the Default Rate),
or (iii) release the Parent from the Guaranty. Subject to subsection (d) of this Section, the
Company agrees that each Participant shall be entitled to the benefits of Sections 3.01,
3.04 and 3.05 to the same extent as if it were the Lender and had acquired its
interest by assignment pursuant to subsection (b) of this Section. To the extent permitted by law,
each Participant also shall be entitled to the benefits of Section 10.08 as though it were
the Lender.

     (d) Limitations Upon Participant Rights. A Participant shall not be entitled to
receive any greater payment under Sections 3.01 or 3.04 than the Lender would have
been entitled to receive with respect to the participation sold to such Participant, unless the
sale of the participation to such Participant is made with the Company’s prior written consent. A
Participant that is not a “United States person” within the meaning of Section 7701(a)(30) of the
Code shall not be entitled to the benefits of Section 3.01 unless the Company is notified
of the
participation sold to such Participant and such Participant agrees, for the benefit of the
Company, to provide to the Lender such tax forms prescribed by the IRS as are necessary or
desirable to establish an exemption from, or reduction of, U.S. withholding tax.

     (e) Certain Pledges. The Lender may at any time pledge or assign a security interest
in all or any portion of its rights under this Agreement (including under the Note, if any) to
secure obligations of the Lender, including any pledge or assignment to secure obligations to a
Federal Reserve Bank; provided that no such pledge or assignment shall release the Lender
from any of its obligations hereunder or substitute any such pledgee or assignee for the Lender as
a party hereto.

     10.07 Treatment of Certain Information; Confidentiality. The Lender agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed (a)
to its Affiliates and to its and its Affiliates’ respective partners, directors, officers,
employees, agents, advisors and representatives (it being understood that the Persons to whom such
disclosure is made will be informed of the confidential nature of such Information and instructed
to keep such Information confidential), (b) to the extent requested by any regulatory authority
purporting to have jurisdiction over it, (c) to the extent required by applicable laws or
regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in
connection with the exercise of any remedies hereunder or under any other Loan Document or any
action or proceeding relating to this Agreement or any other Loan Document or the enforcement of
rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the
same as those of this Section, to (i) any assignee of or Participant in, or any prospective
assignee of or Participant in, any of its rights or obligations under this

[*] Confidential Treatment Requested

65

 

Agreement or (ii) any
actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating
to a Borrower and its obligations, (g) with the consent of the Company or (h) to the extent such
Information (x) becomes publicly available other than as a result of a breach of this Section or
(y) becomes available to the Lender or any of its Affiliates on a nonconfidential basis from a
source other than the Company.

     For purposes of this Section, “Information” means all information received from the Company or
any Subsidiary relating to the Company or any Subsidiary or any of their respective businesses,
other than any such information that is available to the Lender on a nonconfidential basis prior to
disclosure by the Company or any Subsidiary; provided that, in the case of information
received from the Company or any Subsidiary after the date hereof, such information is clearly
identified at the time of delivery as confidential. Any Person required to maintain the
confidentiality of Information as provided in this Section shall be considered to have complied
with its obligation to do so if such Person has exercised the same degree of care to maintain the
confidentiality of such Information as such Person would accord to its own confidential
information.

     10.08 Right of Setoff. If an Event of Default shall have occurred and be continuing, the
Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the
fullest extent permitted
by applicable law, to set off and apply any and all deposits (general or special, time or
demand, provisional or final, in whatever currency) at any time held and other obligations (in
whatever currency) at any time owing by the Lender or any such Affiliate to or for the credit or
the account of any Borrower or any other Loan Party against any and all of the obligations of such
Borrower or such Loan Party now or hereafter existing under this Agreement or any other Loan
Document to the Lender, irrespective of whether or not the Lender shall have made any demand under
this Agreement or any other Loan Document and although such obligations of such Borrower or such
Loan Party may be contingent or unmatured or are owed to a branch or office of the Lender different
from the branch or office holding such deposit or obligated on such indebtedness. The rights of
the Lender and its Affiliates under this Section are in addition to other rights and remedies
(including other rights of setoff) that the Lender or its Affiliates may have. The Lender agrees
to notify the Company promptly after any such setoff and application; provided that the
failure to give such notice shall not affect the validity of such setoff and application.

     10.09 Interest Rate Limitation. Notwithstanding anything to the contrary contained in any
Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the
maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If
the Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest
shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to
the Company. In determining whether the interest contracted for, charged, or received by the
Lender exceeds the Maximum Rate, the Lender may, to the extent permitted by applicable Law, (a)
characterize any payment that is not principal as an expense, fee, or premium rather than interest,
(b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and
spread in equal or unequal parts the total amount of interest throughout the contemplated term of
the Obligations hereunder.

[*] Confidential Treatment Requested

66

 

     10.10 Counterparts; Integration; Effectiveness. This Agreement may be executed in
counterparts (and by different parties hereto in different counterparts), each of which shall
constitute an original, but all of which when taken together shall constitute a single contract.
This Agreement and the other Loan Documents constitute the entire contract among the parties
relating to the subject matter hereof and supersede any and all previous agreements and
understandings, oral or written, relating to the subject matter hereof. Except as provided in
Section 4.01, this Agreement shall become effective when it shall have been executed by the
Lender and when the Lender shall have received counterparts hereof that, when taken together, bear
the signatures of each of the other parties hereto. Delivery of an executed counterpart of a
signature page of this Agreement by telecopy shall be effective as delivery of a manually executed
counterpart of this Agreement.

     10.11 Survival of Representations and Warranties. All representations and warranties made
hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or
in connection herewith or therewith shall
survive the execution and delivery hereof and thereof. Such representations and warranties
have been or will be relied upon by the Lender, regardless of any investigation made by the Lender
or on its behalf and notwithstanding that the Lender may have had notice or knowledge of any
Default at the time of any Credit Extension, and shall continue in full force and effect as long as
any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of
Credit shall remain outstanding.

     10.12 Severability. If any provision of this Agreement or the other Loan Documents is held to
be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the
remaining provisions of this Agreement and the other Loan Documents shall not be affected or
impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the
illegal, invalid or unenforceable provisions with valid provisions the economic effect of which
comes as close as possible to that of the illegal, invalid or unenforceable provisions. The
invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction.

     10.13 Governing Law; Jurisdiction; Etc.

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

     (b) SUBMISSION TO JURISDICTION. EACH BORROWER IRREVOCABLY AND UNCONDITIONALLY
SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE
OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN
DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING
OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT
OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL
CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN

[*] Confidential Treatment Requested

67

 

SUCH NEW YORK
STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF
THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE
CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER
MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY
RIGHT THAT THE LENDER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS
AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST ANY BORROWER OR ITS PROPERTIES IN THE COURTS OF ANY
JURISDICTION.

     (c) WAIVER OF VENUE. EACH BORROWER IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY
ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY
COURT REFERRED TO IN PARAGRAPH (B) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO
THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT.

     (d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS
IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02. NOTHING IN THIS AGREEMENT WILL AFFECT
THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW.

     10.14 Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN
DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY
OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY
OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE
EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE
OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS
BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

     10.15 USA PATRIOT Act Notice. The Lender that is subject to the Act (as hereinafter defined)
and the Lender hereby notifies the Borrowers that pursuant to the requirements of the USA PATRIOT
Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is
required to obtain, verify and record information that identifies the Borrowers, which

[*] Confidential Treatment Requested

68

 

information
includes the name and address of each Borrower and other information that will allow the Lender to
identify such Borrower in accordance with the Act.

     10.16 Time of the Essence. Time is of the essence of the Loan Documents.

     10.17 Judgment Currency. If, for the purposes of obtaining judgment in any court, it is
necessary to convert a sum due hereunder or any other Loan Document in one currency into another
currency, the rate of
exchange used shall be that at which in accordance with normal banking procedures the Lender
could purchase the first currency with such other currency on the Business Day preceding that on
which final judgment is given. The obligation of each Borrower in respect of any such sum due from
it to Lender hereunder or under the other Loan Documents shall, notwithstanding any judgment in a
currency (the “Judgment Currency”) other than that in which such sum is denominated in
accordance with the applicable provisions of this Agreement (the “Agreement Currency”), be
discharged only to the extent that on the Business Day following receipt by the Lender of any sum
adjudged to be so due in the Judgment Currency, the Lender may in accordance with normal banking
procedures purchase the Agreement Currency with the Judgment Currency. If the amount of the
Agreement Currency so purchased is less than the sum originally due to the Lender from any Borrower
in the Agreement Currency, such Borrower agrees, as a separate obligation and notwithstanding any
such judgment, to indemnify the Lender against such loss. If the amount of the Agreement Currency
so purchased is greater than the sum originally due to the Lender in such currency, the Lender
agrees to return the amount of any excess to such Borrower (or to any other Person who may be
entitled thereto under applicable law).

     10.18 Amendment and Restatement. This Agreement shall become effective on the Closing Date
and shall supersede all provisions of the Prior Credit Agreement as of such date. From and after
the Closing Date all references made to the Prior Credit Agreement in any Loan Document or in any
other instrument or document shall, without more, be deemed to refer to this Agreement.

[Remainder of page intentionally left blank]

[*] Confidential Treatment Requested

69

 

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as
of the date first above written.

	 	 	 	 	 
	 	SIMS GROUP USA HOLDINGS CORPORATION, formerly known
as Sims Hugo Neu Corporation

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	SIMS GROUP GLOBAL TRADE CORPORATION, successor by
merger to Sims Hugo Neu Global Trade LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	HNE RECYCLING LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	HNW RECYCLING LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

[*] Confidential Treatment Requested

70

 

	 	 	 	 	 
	 	SIMSMETAL EAST LLC, successor to Sims Hugo Neu East
(General Partnership)

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	SIMSMETAL WEST LLC, successor to Sims Hugo Neu West
(General Partnership)

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	SIMS GROUP USA CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	METAL MANAGEMENT, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	MM METAL DYNAMICS HOLDINGS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 [*] Confidential Treatment Requested

71

 

	 	 	 	 	 
	 	METAL MANAGEMENT MIDWEST, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	METAL MANAGEMENT OHIO, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	SMM — NORTH AMERICA TRADE CORPORATION, formerly
known as Metal Management S&A Holdings, Inc.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	METAL MANAGEMENT WEST COAST HOLDINGS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	METAL MANAGEMENT PROLER SOUTHWEST, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 [*] Confidential Treatment Requested

72

 

	 	 	 	 	 
	 	PROLER SOUTHWEST GP, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	NAPORANO IRON & METAL, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	METAL MANAGEMENT NORTHEAST, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	METAL MANAGEMENT NEW HAVEN, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	CIM TRUCKING, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 [*] Confidential Treatment Requested

73

 

	 	 	 	 	 
	 	METAL MANAGEMENT ALABAMA, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	METAL MANAGEMENT ARIZONA, L.L.C.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	METAL MANAGEMENT CONNECTICUT, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	METAL MANAGEMENT INDIANA, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	METAL MANAGEMENT MEMPHIS, L.L.C.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 [*] Confidential Treatment Requested

74

 

	 	 	 	 	 
	 	METAL MANAGEMENT MISSISSIPPI, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	METAL MANAGEMENT PITTSBURGH, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	METAL MANAGEMENT WEST, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	NEW YORK RECYCLING VENTURES, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	PROLER SOUTHWEST LP

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 [*] Confidential Treatment Requested

75

 

	 	 	 	 	 
	 	RESERVE IRON & METAL LIMITED PARTNERSHIP

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	METAL DYNAMICS LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	METAL DYNAMICS DETROIT LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	METAL DYNAMICS INDIANAPOLIS LLC

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

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 [*] Confidential Treatment Requested

76

 

SCHEDULE 1.01

MANDATORY COST FORMULAE

	1.	 	The Mandatory Cost (to the extent applicable) is an addition to the interest rate to
compensate the Lender for the cost of compliance with:

	 	(a)	 	the requirements of the Bank of England and/or the Financial Services Authority
(or, in either case, any other authority which replaces all or any of its functions);
or
	 
	 	(b)	 	the requirements of the European Central Bank.

	2.	 	On the first day of each Interest Period (or as soon as possible thereafter) the Lender shall
calculate, as a percentage rate, a rate (the “Additional Cost Rate”) in accordance
with the paragraphs set out below. The Mandatory Cost will be calculated by the Lender as a
weighted average of the Lender’s Additional Cost Rates and will be expressed as a percentage
rate per annum. The Lender will, at the request of the Company, deliver to the Company a
statement setting forth the calculation of any Mandatory Cost.
	 
	3.	 	The Additional Cost Rate for the Lender lending from a Lending Office in a Participating
Member State will be its reasonable determination of the cost (expressed as a percentage of
the Lender’s participation in all Loans made from such Lending Office) of complying with the
minimum reserve requirements of the European Central Bank in respect of Loans made from that
Lending Office.
	 
	4.	 	The Additional Cost Rate for the Lender lending from a Lending Office in the United Kingdom
will be calculated by the Lender as follows:

	 	(a)	 	in relation to any Loan in Sterling:

	 	 	 

	AB+C(B-D)+E x [*]

	 	per cent per annum
	100 - (A+C)
	 

	 	(b)	 	in relation to any Loan in any currency other than Sterling:

	 	 	 

	E x [*]

	 	per cent per annum
	300
	 

Where:

	 	“A” 	 	 is the percentage of Eligible Liabilities (assuming these to be in excess of
any stated minimum) which that the Lender is from time to time required to maintain as
an interest free cash ratio deposit with the Bank of England to comply with cash ratio
requirements.
	 
	 	“B”  	 	is the percentage rate of interest (excluding the Applicable Margin, the
Mandatory Cost and any interest charged on overdue amounts pursuant to the first
sentence

[*] Confidential Treatment Requested

1

 

	 	 	 	of Section 2.07(b) and, in the case of interest (other than on overdue
amounts) charged at the Default Rate, without counting any increase in interest rate
effected by the charging of the Default Rate) payable for the relevant Interest
Period of such Loan.
	 
	 	“C”  	 	is the percentage (if any) of Eligible Liabilities which that the Lender is
required from time to time to maintain as interest bearing Special Deposits with the
Bank of England.
	 
	 	“D”  	 	is the percentage rate per annum payable by the Bank of England to the Lender
on interest bearing Special Deposits.
	 
	 	“E”  	 	is designed to compensate the Lender for amounts payable under the Fees Rules
and is calculated by the Lender as being the average of the most recent rates of charge
supplied by the Lenders pursuant to paragraph 7 below and expressed in pounds per
£1,000,000.

	5.	 	For the purposes of this Schedule:

	 	(a)	 	“Eligible Liabilities” and “Special Deposits” have the meanings given to them
from time to time under or pursuant to the Bank of England Act 1998 or (as may be
appropriate) by the Bank of England;
	 
	 	(b)	 	“Fees Rules” means the rules on periodic fees contain in the FSA Supervision
Manual or such other law or regulation as may be in force from time to time in respect
of the payment of fees for the acceptance of deposits;
	 
	 	(c)	 	“Fee Tariffs” means the fee tariffs specified in the Fees Rules under the
activity group A.1 Deposit acceptors (ignoring any minimum fee or zero rated fee
required pursuant to the Fees Rules but taking into account any applicable discount
rate); and
	 
	 	(d)	 	“Tariff Base” has the meaning given to it in, and will be calculated in
accordance with, the Fees Rules.

	6.	 	In application of the above formulae, A, B, C and D will be included in the formulae as
percentages (i.e. 5% will be included in the formula as 5 and not as 0.05). A negative result
obtained by subtracting D from B shall be taken as zero. The resulting figures shall be
rounded to four decimal places.
	 
	7.	 	If requested by the Company, the Lender shall, as soon as practicable after publication by
the Financial Services Authority, supply to the Company, the rate of charge payable by the
Lender to the Financial Services Authority pursuant to the Fees Rules in respect of the
relevant financial year of the Financial Services Authority (calculated for this purpose by
the Lender as being the average of the Fee Tariffs applicable to the Lender for that financial
year) and expressed in pounds per £1,000,000 of the Tariff Base of the Lender.

[*] Confidential Treatment Requested

2

 

	8.	 	The Lender shall supply any information required for the purpose of calculating its
Additional Cost Rate. In particular, but without limitation, the Lender shall supply the
following information in writing:

	 	(a)	 	the jurisdiction of the Lending Office out of which it is making available its
participation in the relevant Loan; and
	 
	 	(b)	 	any other information reasonably required for such purpose.

	9.	 	The percentages of the Lender for the purpose of A and C above and the rates of charge of the
Lender for the purpose of E above shall be determined based upon the information supplied
pursuant to paragraphs 7 and 8 above and on the assumption that, the Lender’s obligations in
relation to cash ratio deposits and Special Deposits are the same as those of a typical bank
from its jurisdiction of incorporation with a Lending Office in the same jurisdiction as its
Lending Office.
	 
	10.	 	Any determination by the Lender pursuant to this Schedule in relation to a formula, the
Mandatory Cost, an Additional Cost Rate or any amount payable to the Lender shall, in the
absence of manifest error, be conclusive and binding on all parties hereto.
	 
	11.	 	The Lender may from time to time, after consultation with the Company, determine and notify
to all parties any amendments which are required to be made to this Schedule in order to
comply with any change in law, regulation or any requirements from time to time imposed by the
Bank of England, the Financial Services Authority or the European Central Bank (or, in any
case, any other authority which replaces all or any of its functions) and any such
determination shall, in the absence of manifest error, be conclusive and binding on all
parties hereto.

[*] Confidential Treatment Requested

3

 

SCHEDULE 5.12

SUBSIDIARIES, OTHER EQUITY INVESTMENTS

AND EQUITY INTERESTS IN THE BORROWERS

	Part (a).  	 	Subsidiaries.

	 	 	 	 	 	 	 
	 	 	Borrower	 	Subsidiary	 	Ownership of Subsidiaries
	 
	 	 	 	 	 	 
	1.

	 	Sims Group USA Holdings

Corporation
	 	SHN Co., LLC
	 	Sims Group USA Holdings

Corporation (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	HNE Recycling LLC
	 	Sims Group USA Holdings

Corporation (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Sims Group USA Corporation
	 	Sims Group USA Holdings

Corporation (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	HNW Recycling LLC
	 	SHN Co., LLC (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Sims Group Global Trade Corporation
	 	HNE Recycling LLC (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Simsmetal West LLC
	 	HNW Recycling LLC (50%),

HNE Recycling LLC (50%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Simsmetal East LLC
	 	HNW Recycling LLC (50%),

HNE Recycling LLC (50%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Dover Barge Company
	 	HNW Recycling LLC (50%),

HNE Recycling LLC (50%)
	 
	 	 	 	 	 	 
	 

	 	 	 	North Carolina Resource Conservation LLC
	 	HNW Recycling LLC (50%),

HNE Recycling LLC (50%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Schiabo Larovo Corporation
	 	Simsmetal East LLC (100%)
	 
	 	 	 	 	 	 
	2.

	 	Sims Group Global Trade

Corporation
	 	None
	 	N/A
	 
	 	 	 	 	 	 
	3.

	 	HNE Recycling LLC
	 	Sims Group Global Trade

Corporation
	 	HNE Recycling LLC (100%)
	 
	 	 	 	 	 	 
	4.

	 	HNW Recycling LLC
	 	None
	 	N/A
	 
	 	 	 	 	 	 
	5.

	 	Simsmetal East LLC
	 	Schiabo Larovo Corporation
	 	Simsmetal East LLC (100%)
	 
	 	 	 	 	 	 
	6.

	 	Simsmetal West LLC
	 	None
	 	N/A
	 
	 	 	 	 	 	 
	7.

	 	Sims Group USA Corporation
	 	None
	 	N/A
	 
	 	 	 	 	 	 
	8.

	 	Metal Management, Inc.
	 	MM Metal Dynamics Holdings,
Inc.
	 	Metal Management, Inc. (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Management Midwest, Inc.
	 	Metal Management, Inc. (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Management Ohio, Inc.
	 	Metal Management, Inc. (100%)

 [*] Confidential Treatment Requested

1

 

	 	 	 	 	 	 	 
	 	 	Borrower	 	Subsidiary	 	Ownership of Subsidiaries
	 
	 

	 	 	 	SMM — North America Trade
Corporation
	 	Metal Management, Inc. (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Management West Coast
Holdings, Inc.
	 	Metal Management, Inc. (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Management Proler
Southwest, Inc.
	 	Metal Management, Inc. (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Proler Southwest GP, Inc.
	 	Metal Management, Inc. (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Naporano Iron & Metal, Inc.
	 	Metal Management, Inc. (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Management Northeast,
Inc.
	 	Metal Management, Inc. (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Management New Haven,
Inc.
	 	Metal Management, Inc. (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	CIM Trucking, Inc.
	 	Metal Management Midwest,
Inc. (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Management Aerospace,
Inc.
	 	SMM — North America Trade
Corporation (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Management Alabama, Inc.
	 	Proler Southwest LP (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Management Arizona,
L.L.C.
	 	Metal Management West Coast
Holdings, Inc. (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Management Connecticut,
Inc.
	 	Metal Management Northeast,
Inc. (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Management Indiana, Inc.
	 	Metal Management Midwest,
Inc. (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Management Memphis,
L.L.C.
	 	Metal Management Midwest,
Inc. (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Management Mississippi,
Inc.
	 	Proler Southwest LP (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Management Pittsburgh,
Inc.
	 	SMM — North America Trade
Corporation (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Management West, Inc.
	 	Metal Management West Coast
Holdings, Inc. (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	New York Recycling Ventures,
Inc.
	 	Metal Management Northeast,
Inc. (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Proler Southwest LP
	 	Metal Management Proler
Southwest, Inc. (99%) (LP)

Proler Southwest GP, Inc.
(1%) (GP)
	 
	 	 	 	 	 	 
	 

	 	 	 	Reserve Iron & Metal Limited Partnership
 	 	Metal Management, Inc. (75%)
(LP)

Metal Management Ohio, Inc.
(25%) (GP)

 [*] Confidential Treatment Requested

2

 

	 	 	 	 	 	 	 
	 	 	Borrower	 	Subsidiary	 	Ownership of Subsidiaries
	 
	 

	 	 	 	Metal Dynamics LLC
	 	MM Metal Dynamics Holdings,
Inc. (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Dynamics Detroit LLC
	 	Metal Dynamics LLC (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Dynamics Indianapolis

LLC
	 	Metal Dynamics LLC (100%)
	 
	 	 	 	 	 	 
	9.

	 	MM Metal Dynamics Holdings,
Inc.
	 	Metal Dynamics LLC
	 	MM Metal Dynamics Holdings,
Inc. (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Dynamics Detroit LLC
	 	Metal Dynamics LLC (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Dynamics Indianapolis

LLC
	 	Metal Dynamics LLC (100%)
	 
	 	 	 	 	 	 
	10.

	 	Metal Management Midwest, Inc.
	 	CIM Trucking, Inc.
	 	Metal Management Midwest,
Inc. (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Management Indiana, Inc.
	 	Metal Management Midwest,
Inc. (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Management Memphis,
L.L.C.
	 	Metal Management Midwest,
Inc. (100%)
	 
	 	 	 	 	 	 
	11.

	 	Metal Management Ohio, Inc.
	 	Reserve Iron & Metal Limited

Partnership
	 	Metal Management, Inc. (75%)
(LP)
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	Metal Management Ohio, Inc.
(25%) (GP)
	 
	 	 	 	 	 	 
	12.

	 	SMM — North America Trade
Corporation
	 	Metal Management Aerospace,
Inc.
	 	SMM — North America Trade
Corporation (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Management Pittsburgh,
Inc.
	 	SMM — North America Trade
Corporation (100%)
	 
	 	 	 	 	 	 
	13.

	 	Metal Management West Coast
Holdings, Inc.
	 	Metal Management Arizona,
L.L.C.
	 	Metal Management West Coast
Holdings, Inc. (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Management West, Inc.
	 	Metal Management West Coast
Holdings, Inc. (100%)
	 
	 	 	 	 	 	 
	14.

	 	Metal Management Proler
Southwest, Inc.
	 	Proler Southwest LP
	 	Metal Management Proler
Southwest, Inc. (99%) (LP)

Proler Southwest GP, Inc.
(1%) (GP)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Management Mississippi,
Inc.
	 	Proler Southwest LP (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Management Alabama, Inc.
	 	Proler Southwest LP (100%)
	 
	 	 	 	 	 	 
	15.

	 	Proler Southwest GP, Inc.
	 	Proler Southwest LP
	 	Metal Management Proler
Southwest, Inc. (99%) (LP)

Proler Southwest GP, Inc.
(1%) (GP)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Management Alabama, Inc.
	 	Proler Southwest LP (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Management Mississippi,
Inc.
	 	Proler Southwest LP (100%)

[*] Confidential Treatment Requested

3

 

	 	 	 	 	 	 	 
	 	 	Borrower	 	Subsidiary	 	Ownership of Subsidiaries
	 
	16.

	 	Naporano Iron & Metal, Inc.
	 	None
	 	N/A
	 
	 	 	 	 	 	 
	17.

	 	Metal Management Northeast,
Inc.
	 	Metal Management Connecticut,
Inc.
	 	Metal Management Northeast,
Inc. (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	New York Recycling Ventures,
Inc.
	 	Metal Management Northeast,
Inc. (100%)
	 
	 	 	 	 	 	 
	18.

	 	Metal Management New Haven,
Inc.
	 	None
	 	N/A
	 
	 	 	 	 	 	 
	19.

	 	CIM Trucking, Inc.
	 	None
	 	N/A
	 
	 	 	 	 	 	 
	20.

	 	Metal Management Alabama, Inc.
	 	None
	 	N/A
	 
	 	 	 	 	 	 
	21.

	 	Metal Management Arizona,
L.L.C.
	 	None
	 	N/A
	 
	 	 	 	 	 	 
	22.

	 	Metal Management Connecticut,
Inc.
	 	None
	 	N/A
	 
	 	 	 	 	 	 
	23.

	 	Metal Management Indiana, Inc.
	 	None
	 	N/A
	 
	 	 	 	 	 	 
	24.

	 	Metal Management Memphis,
L.L.C.
	 	None
	 	N/A
	 
	 	 	 	 	 	 
	25.

	 	Metal Management Mississippi,
Inc.
	 	None
	 	N/A
	 
	 	 	 	 	 	 
	26.

	 	Metal Management Pittsburgh,
Inc.
	 	None
	 	N/A
	 
	 	 	 	 	 	 
	27.

	 	Metal Management West, Inc.
	 	None
	 	N/A
	 
	 	 	 	 	 	 
	28.

	 	New York Recycling Ventures,
Inc.
	 	None
	 	N/A
	 
	 	 	 	 	 	 
	29.

	 	Proler Southwest LP
	 	Metal Management Alabama, Inc.
	 	Proler Southwest LP (100%)
	 
	 	 	 	 	 	 
	 

	 	 	 	Metal Management Mississippi,
Inc.
	 	Proler Southwest LP (100%)
	 
	 	 	 	 	 	 
	30.

	 	Reserve Iron & Metal Limited

Partnership
	 	None
	 	N/A
	 
	 	 	 	 	 	 
	31.

	 	Metal Dynamics LLC
	 	None
	 	N/A
	 
	 	 	 	 	 	 
	32.

	 	Metal Dynamics Detroit LLC
	 	None
	 	N/A
	 
	 	 	 	 	 	 
	33.

	 	Metal Dynamics Indianapolis

LLC
	 	None
	 	N/A

	Part (b).  	 	Other Equity Investments.

	 	 	 	 	 
	 	 	Borrower	 	Other Entities (% owned by Borrower)
	 
	 	 	 	 
	1.

	 	Sims Group USA Holdings Corporation
	 	None

[*] Confidential Treatment Requested

4

 

	 	 	 	 	 
	 	 	Borrower	 	Other Entities (% owned by Borrower)
	 
	 	 	 	 
	2.

	 	Sims Group Global Trade Corporation
	 	None
	 
	 	 	 	 
	3.

	 	HNE Recycling LLC
	 	Dover Barge Company (50%)

Simsmetal East LLC (50%)

North Carolina Resource Conservation LLC (50%)

Simsmetal West LLC (50%)
	 
	 	 	 	 
	4.

	 	HNW Recycling LLC
	 	Dover Barge Company (50%)

Simsmetal East LLC (50%)

North Carolina Resource Conservation LLC (50%)

Simsmetal West LLC (50%)
	 
	 	 	 	 
	5.

	 	Simsmetal East LLC
	 	None
	 
	 	 	 	 
	6.

	 	Simsmetal West LLC
	 	SA Recycling LLC (50%)
	 
	 	 	 	 
	7.

	 	Sims Group USA Corporation
	 	None
	 
	 	 	 	 
	8.

	 	Metal Management, Inc.
	 	None
	 
	 	 	 	 
	9.

	 	MM Metal Dynamics Holdings,
Inc.
	 	None
	 
	 	 	 	 
	10.

	 	Metal Management Midwest, Inc.
	 	Rondout Iron & Metal Company, LLC (50%)

Metal Management Nashville, LLC (50%)
	 
	 	 	 	 
	11.

	 	Metal Management Ohio, Inc.
	 	None
	 
	 	 	 	 
	12.

	 	SMM — North America Trade
Corporation
	 	None
	 
	 	 	 	 
	13.

	 	Metal Management West Coast
Holdings, Inc.
	 	None
	 
	 	 	 	 
	14.

	 	Metal Management Proler
Southwest, Inc.
	 	None
	 
	 	 	 	 
	15.

	 	Proler Southwest GP, Inc.
	 	None
	 
	 	 	 	 
	16.

	 	Naporano Iron & Metal, Inc.
	 	Port Albany Ventures LLC (50%)
	 
	 	 	 	 
	17.

	 	Metal Management Northeast,
Inc.
	 	None
	 
	 	 	 	 
	18.

	 	Metal Management New Haven,
Inc.
	 	None
	 
	 	 	 	 
	19.

	 	CIM Trucking, Inc.
	 	None
	 
	 	 	 	 
	20.

	 	Metal Management Alabama, Inc.
	 	None
	 
	 	 	 	 
	21.

	 	Metal Management Arizona,
L.L.C.
	 	None
	 
	 	 	 	 
	22.

	 	Metal Management Connecticut,
Inc.
	 	None
	 
	 	 	 	 
	23.

	 	Metal Management Indiana, Inc.
	 	None

[*] Confidential Treatment Requested

5

 

	 	 	 	 	 
	 	 	Borrower	 	Other Entities (% owned by Borrower)
	 
	 	 	 	 
	24.

	 	Metal Management Memphis,
L.L.C.
	 	None
	 
	 	 	 	 
	25.

	 	Metal Management Mississippi,
Inc.
	 	None
	 
	 	 	 	 
	26.

	 	Metal Management Pittsburgh,
Inc.
	 	None
	 
	 	 	 	 
	27.

	 	Metal Management West, Inc.
	 	None
	 
	 	 	 	 
	28.

	 	New York Recycling Ventures,
Inc.
	 	None
	 
	 	 	 	 
	29.

	 	Proler Southwest LP
	 	None
	 
	 	 	 	 
	30.

	 	Reserve Iron & Metal Limited

Partnership
	 	None
	 
	 	 	 	 
	31.

	 	Metal Dynamics LLC
	 	None
	 
	 	 	 	 
	32.

	 	Metal Dynamics Detroit LLC
	 	None
	 
	 	 	 	 
	33.

	 	Metal Dynamics Indianapolis

LLC
	 	None

	Part (c).  	 	Owners of Equity Interests in the Borrowers.

	 	 	 	 	 
	 	 	Borrower	 	Parent (% owned by Parent)
	 
	 	 	 	 
	1.

	 	Sims Group USA Holdings Corporation
	 	Sims Metal Management Limited (100%)
	 
	 	 	 	 
	2.

	 	Sims Group Global Trade Corporation
	 	HNE Recycling LLC (100%)
	 
	 	 	 	 
	3.

	 	HNE Recycling LLC
	 	Sims Group USA Holdings Corporation (100%)
	 
	 	 	 	 
	4.

	 	HNW Recycling LLC
	 	SHN Co., LLC (100%)
	 
	 	 	 	 
	5.

	 	Simsmetal East LLC
	 	HNE Recycling LLC (50%)

HNW Recycling LLC (50%)
	 
	 	 	 	 
	6.

	 	Simsmetal West LLC
	 	HNE Recycling LLC (50%)

HNW Recycling LLC (50%)
	 
	 	 	 	 
	7.

	 	Sims Group USA Corporation
	 	Sims Group USA Holdings Corporation (100%)
	 
	 	 	 	 
	8.

	 	Metal Management, Inc.
	 	Sims Metal Management Limited (100%)
	 
	 	 	 	 
	9.

	 	MM Metal Dynamics Holdings,
Inc.
	 	Metal Management, Inc. (100%)
	 
	 	 	 	 
	10

	 	Metal Management Midwest, Inc.
	 	Metal Management, Inc. (100%)
	 
	 	 	 	 
	11.

	 	Metal Management Ohio, Inc.
	 	Metal Management, Inc. (100%)
	 
	 	 	 	 
	12.

	 	SMM — North America Trade
Corporation
	 	Metal Management, Inc. (100%)
	 
	 	 	 	 
	13.

	 	Metal Management West Coast
Holdings, Inc.
	 	Metal Management, Inc. (100%)

[*] Confidential Treatment Requested

6

 

	 	 	 	 	 
	 	 	Borrower	 	Parent (% owned by Parent)
	 
	 	 	 	 
	14.

	 	Metal Management Proler
Southwest, Inc.
	 	Metal Management, Inc. (100%)
	 
	 	 	 	 
	15.

	 	Proler Southwest GP, Inc.
	 	Metal Management, Inc. (100%)
	 
	 	 	 	 
	16.

	 	Naporano Iron & Metal, Inc.
	 	Metal Management, Inc. (100%)
	 
	 	 	 	 
	17.

	 	Metal Management Northeast,
Inc.
	 	Metal Management, Inc. (100%)
	 
	 	 	 	 
	18.

	 	Metal Management New Haven,
Inc.
	 	Metal Management, Inc. (100%)
	 
	 	 	 	 
	19.

	 	CIM Trucking, Inc.
	 	Metal Management Midwest, Inc. (100%)
	 
	 	 	 	 
	20.

	 	Metal Management Alabama, Inc.
	 	Proler Southwest LP (100%)
	 
	 	 	 	 
	21.

	 	Metal Management Arizona,
L.L.C.
	 	Metal Management West Coast Holdings, Inc. (100%)
	 
	 	 	 	 
	22.

	 	Metal Management Connecticut,
Inc.
	 	Metal Management Northeast, Inc. (100%)
	 
	 	 	 	 
	23.

	 	Metal Management Indiana, Inc.
	 	Metal Management Midwest, Inc. (100%)
	 
	 	 	 	 
	24.

	 	Metal Management Memphis,
L.L.C.
	 	Metal Management Midwest, Inc. (100%)
	 
	 	 	 	 
	25.

	 	Metal Management Mississippi,
Inc.
	 	Proler Southwest LP (100%)
	 
	 	 	 	 
	26.

	 	Metal Management Pittsburgh,
Inc.
	 	SMM — North America Trade Corporation (100%)
	 
	 	 	 	 
	27.

	 	Metal Management West, Inc.
	 	Metal Management West Coast Holdings, Inc. (100%)
	 
	 	 	 	 
	28.

	 	New York Recycling Ventures,
Inc.
	 	Metal Management Northeast, Inc. (100%)
	 
	 	 	 	 
	29.

	 	Proler Southwest LP
	 	Metal Management Proler Southwest, Inc. (99%) (LP)

Proler Southwest GP, Inc. (1%) (GP)
	 
	 	 	 	 
	30.

	 	Reserve Iron & Metal Limited

Partnership
	 	Metal Management, Inc. (75%) (LP)

Metal Management Ohio, Inc. (25%) (GP)
	 
	 	 	 	 
	31.

	 	Metal Dynamics LLC
	 	MM Metal Dynamics Holdings, Inc. (100%)
	 
	 	 	 	 
	32.

	 	Metal Dynamics Detroit LLC
	 	Metal Dynamics LLC (100%)
	 
	 	 	 	 
	33.

	 	Metal Dynamics Indianapolis

LLC
	 	Metal Dynamics LLC (100%)

[*] Confidential Treatment Requested

7

 

SCHEDULE 10.02

LENDER’S OFFICE;

CERTAIN ADDRESSES FOR NOTICES

COMPANY

and DESIGNATED BORROWERS:

	 	 	 

	Sims Group USA Holdings Corporation
	110 5th Avenue, Suite 700
	New York, New York 10011
	Attention:
	 	Myles Partridge
	 
	 	EVP and CFO
	Telephone:
	 	(212) 500-7507
	Telecopier:
	 	(212) 604-0722
	Electronic Mail:
	 	mpartridge@us.sims-group.com
	Website Address:
	 	www.sims-group.com

U.S. Taxpayer Identification Number(s):

	 	 	 

	Sims Group USA Holdings Corporation

	 	20-3622384
	Sims Group Global Trade Corporation

	 	20-8474694
	HNE Recycling LLC

	 	42-1682531
	HNW Recycling LLC

	 	20-2880190
	SimsMetal East LLC

	 	20-8484120
	SimsMetal West LLC

	 	20-8484184
	Sims Group USA Corporation

	 	94-3053218
	Metal Management, Inc.

	 	94-2835068
	MM Metal Dynamics Holdings, Inc.

	 	20-8828154
	Metal Management Midwest, Inc.

	 	36-2582686
	Metal Management Ohio, Inc.

	 	34-0901723
	SMM — North America Trade Corporation

	 	25-1619177
	Metal Management West Coast Holdings, Inc.

	 	36-4325792
	Metal Management Proler Southwest, Inc.

	 	35-2265134
	Proler Southwest GP, Inc.

	 	20-3916027
	Naporano Iron & Metal, Inc.

	 	36-4325790
	Metal Management Northeast, Inc.

	 	22-1449923
	Metal Management New Haven, Inc.

	 	36-4345073
	CIM Trucking, Inc.

	 	36-4035047
	Metal Management Alabama, Inc.

	 	36-4218674
	Metal Management Arizona, L.L.C.

	 	86-0819529
	Metal Management Connecticut, Inc.

	 	06-1516622
	Metal Management Indiana, Inc.

	 	36-3197180
	Metal Management Memphis, L.L.C.

	 	62-1600547
	Metal Management Mississippi, Inc.

	 	76-0570379
	Metal Management Pittsburgh, Inc.

	 	36-4235943

 [*] Confidential Treatment Requested

1

 

	 	 	 

	Metal Management West, Inc.

	 	84-0888787
	New York Recycling Ventures, Inc.

	 	20-5968735
	Proler Southwest LP

	 	36-4169987
	Reserve Iron & Metal Limited Partnership

	 	34-1658201
	Metal Dynamics LLC

	 	74-3161971
	Metal Dynamics Detroit LLC

	 	20-8827974
	Metal Dynamics Indianapolis LLC

	 	20-8828030

LENDER:

Lender’s Office

(for payments and Requests for Credit Extensions):

	 	 	 

	Bank of America, N.A.

	2001 Clayton Rd

	CA4-702-02-25

	Concord, CA 94520

	Attention:

	 	Chris P Potter
	Telephone:

	 	(925) 675-8027
	Telecopier:

	 	(888) 969-2419
	Electronic Mail:

	 	chris.p.potter@bankofamerica.com

Lender’s Domestic Wire Instructions

	 	 	 

	Bank Name:

	 	Bank of America NA NY NY

	ABA/Routing No.:

	 	026009593
	Account Name:

	 	Credit Services West

	Account No.:

	 	3750836479
	Attention:

	 	Chris P Potter

	Reference:

	 	Sims Group USA Holdings Corporation

Lender’s Foreign Wire Instructions

	 	 	 

	Currency:

	 	Australian Dollars (AUD)

	Bank Name:

	 	Bank of America Sydney

	Swift/Routing No.:

	 	BOFAAUSX

	Account Name:

	 	Grand Cayman Unit #1207

	Account No.:

	 	96272016
	Attention:

	 	Grand Cayman Unit #1207

	Reference:

	 	Sims Group USA Holdings Corporation

Lender’s Foreign Wire Instructions

	 	 	 

	Currency:

Bank Name: 

Swift/Routing No.: 

Account Name: 

Account No.: 

Attention:

	 	Euro Currency (EUR)

Bank of America London 

BOFAGB22

Grand Cayman Unit #1207

96272019

Grand Cayman Unit #1207

 [*] Confidential Treatment Requested

2

 

	 	 	 

	Reference:

	 	Sims Group USA Holdings Corporation

Lender’s Foreign Wire Instructions

	 	 	 

	Currency:

	 	British Pounds Sterling (GBP)

	Bank Name:

	 	Bank of America London

	Swift/Routing No.:

	 	BOFAGB22

	Account Name:

	 	Grand Cayman Unit #1207

	Account No.:

	 	96272027
	FFC Account Name:

	 	Sort Code 16-50-50

	Attention:

	 	Grand Cayman Unit #1207

	Reference:

	 	Sims Group USA Holdings Corporation

Lender’s Foreign Wire Instructions

	 	 	 

	Currency:

	 	Japanese Yen (JPY)

	Bank Name:

	 	Bank of America Tokyo

	Swift/Routing No.:

	 	BOFAJPJX

	Account Name:

	 	Grand Cayman Unit #1207

	Account No.:

	 	96272011
	Attention:

	 	Grand Cayman Unit #1207

	Reference:

	 	Sims Group USA Holdings Corporation

Other Notices as Lender:

	 	 	 

	Bank of America, N.A.
	Commercial Banking
	Mail Code: WA1-501-36-06
	800 Fifth Avenue, Floor 36
	Seattle, WA 98104
	Attention:

	 	Timothy G. Holsapple

Senior Vice President
	 
	Telephone:

	 	(206) 358-3130
	Facsimile:

	 	(206) 358-3971
	Electronic Mail:

	 	tim.holsapple@bankamerica.com

 [*] Confidential Treatment Requested

3

 

EXHIBIT A

FORM OF LOAN NOTICE

     Date: _________, ___

To: Bank of America, N.A.

Ladies and Gentlemen:

     Reference is made to that certain Amended and Restated Credit Agreement, dated as of November
2, 2009 (as amended, restated, extended, supplemented or otherwise modified in writing from time to
time, the “Agreement;” the terms defined therein being used herein as therein defined),
among Sims Group USA Holdings Corporation, formerly known as Sims Hugo Neu Corporation, a Delaware
corporation (the “Company”), the Designated Borrowers from time to time party thereto, and
Bank of America, N.A..

     The Company hereby requests, on behalf of itself or, if applicable, the Designated Borrower
referenced in item 6 below (the “Applicable Designated Borrower”) (select one):

     o A Borrowing of Loans                      o A conversion or continuation of Loans

	 	1.	 	On                    
                                                    (a Business Day).
	 
	 	2.	 	In the amount of $                                              .
	 
	 	3.	 	Comprised of                                                       .

                              [Type of Loan requested]
	 
	 	4.	 	In the following currency:                                .
	 
	 	5.	 	For Eurocurrency Fixed Rate Loans: with an Interest Period of ___ months.
	 
	 	6.	 	On behalf of ____________ [insert name of applicable Designated
Borrower].

     The Borrowing, if any, requested herein complies with the provisos to the first sentence of
Section 2.01 of the Agreement.

	 	 	 	 	 
	 	SIMS GROUP USA HOLDINGS

CORPORATION, formerly known
as Sims Hugo Neu Corporation

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 [*] Confidential Treatment Requested

1

 

EXHIBIT B

FORM OF NOTE

			
	 	 	 
	$___,000,000
	 	[_________, ___]

     FOR VALUE RECEIVED, the undersigned (the “Borrower”) hereby promises to pay to Bank of
America, N.A., a national banking association, or assigns (the “Lender”), in accordance
with the provisions of the Agreement (as hereinafter defined), the principal amount of each Loan
from time to time made by the Lender to the Borrower under that certain Amended and Restated Credit
Agreement, dated as of November 2, 2009 (as amended, restated, extended, supplemented or otherwise
modified in writing from time to time, the “Agreement;” the terms defined therein being
used herein as therein defined), among Sims Group USA Holdings Corporation, a Delaware corporation,
formerly known as Sims Hugo Neu Corporation, the Designated Borrowers from time to time party
thereto, and the Lender.

     The Borrower promises to pay interest on the unpaid principal amount of each Loan from the
date of such Loan until such principal amount is paid in full, at such interest rates and at such
times as provided in the Agreement. All payments of principal and interest shall be made to the
Lender in the currency in which such Loan was denominated and in Same Day Funds at the Lending
Office for such currency. If any amount is not paid in full when due hereunder, such unpaid amount
shall bear interest, to be paid upon demand, from the due date thereof until the date of actual
payment (and before as well as after judgment) computed at the per annum rate set forth in the
Agreement.

     This Note is one of the Notes referred to in the Agreement, is entitled to the benefits
thereof and may be prepaid in whole or in part subject to the terms and conditions provided
therein. This Note is also entitled to the benefits of the Guaranty. Upon the occurrence and
continuation of one or more of the Events of Default specified in the Agreement, all amounts then
remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable
all as provided in the Agreement. Loans made by the Lender shall be evidenced by one or more loan
accounts or records maintained by the Lender in the ordinary course of business. The Lender may
also attach schedules to this Note and endorse thereon the date, amount, currency and maturity of
its Loans and payments with respect thereto.

     The Borrower, for itself, its successors and assigns, hereby waives diligence, presentment,
protest and demand and notice of protest, demand, dishonor and non-payment of this Note.

[Remainder of page intentionally left blank]

 [*] Confidential Treatment Requested

1

 

     THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK.

	 	 	 	 	 
	 	[BORROWER / APPLICABLE DESIGNATED BORROWER]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 [*] Confidential Treatment Requested

2

 

EXHIBIT C

[FORM OF GUARANTY]

 [*] Confidential Treatment Requested

3

 

EXHIBIT D

FORM OF DESIGNATED BORROWER

REQUEST AND ASSUMPTION AGREEMENT

Date: ___________, _____

	To:  	 	Bank of America, N.A.

Ladies and Gentlemen:

     This Designated Borrower Request and Assumption Agreement is made and delivered pursuant to
Section 2.12 of that certain mended and Restated Credit Agreement, dated as of November 2,
2009 (as amended, restated, extended, supplemented or otherwise modified in writing from time to
time, the “Credit Agreement”), among Sims Group USA Holdings Corporation, a Delaware
corporation, formerly known as Sims Hugo Neu Corporation (the “Company”), the Designated
Borrowers from time to time party thereto, and Bank of America, N.A. (the “Lender”), and
reference is made thereto for full particulars of the matters described therein. All capitalized
terms used in this Designated Borrower Request and Assumption Agreement and not otherwise defined
herein shall have the meanings assigned to them in the Credit Agreement.

     Each of _______________ (the “Designated Borrower”) and the Company hereby
confirms, represents and warrants to the Lender that the Designated Borrower is a Domestic
Affiliate.

     The documents required to be delivered to the Lender under Section 2.12 of the Credit
Agreement will be furnished to the Lender in accordance with the requirements of the Credit
Agreement.

     The true and correct U.S. taxpayer identification number of the Designated Subsidiary is
_________.

     The parties hereto hereby confirm that with effect from the date hereof, the Designated
Borrower shall have obligations, duties and liabilities toward each of the other parties to the
Credit Agreement identical to those which the Designated Borrower would have had if the Designated
Borrower had been an original party to the Credit Agreement as a Borrower. The Designated Borrower
confirms its acceptance of, and consents to, all representations and warranties, covenants, and
other terms and provisions of the Credit Agreement.

     The parties hereto hereby request that the Designated Borrower be entitled to receive Loans
under the Credit Agreement, and understand, acknowledge and agree that neither the Designated
Borrower nor the Company on its behalf shall have any right to request any Loans for its account
unless and until the date five Business Days after the effective date designated by the Lender in a
Designated Borrower Notice delivered to the Company pursuant to Section 2.12 of the Credit
Agreement.

 [*] Confidential Treatment Requested

4

 

     This Designated Borrower Request and Assumption Agreement shall constitute a Loan Document
under the Credit Agreement.

     THIS DESIGNATED BORROWER REQUEST AND ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

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

	 	 	 	 	 
	 	[DESIGNATED BORROWER]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 
	 	SIMS GROUP USA HOLDINGS CORPORATION, formerly known
as Sims Hugo Neu Corporation

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

5

 

EXHIBIT E

FORM OF DESIGNATED BORROWER NOTICE

     Date: _________, ___

	To: 	 	 Sims Group USA Holdings Corporation

Ladies and Gentlemen:

     This Designated Borrower Notice is made and delivered pursuant to Section 2.12 of that
certain Amended and Restated Credit Agreement, dated as of November 2, 2009 (as amended, restated,
extended, supplemented or otherwise modified in writing from time to time, the “Credit
Agreement”), among Sims Group USA Holdings Corporation, a Delaware corporation, formerly known
as Sims Hugo Neu Corporation (the “Company”), the Designated Borrowers from time to time
party thereto, and Bank of America, N.A. (the “Lender”), and reference is made thereto for
full particulars of the matters described therein. All capitalized terms used in this Designated
Borrower Notice and not otherwise defined herein shall have the meanings assigned to them in the
Credit Agreement.

     The Lender hereby notifies Company that effective as of the date hereof
__________________ shall be a Designated Borrower and may receive Loans for its account on
the terms and conditions set forth in the Credit Agreement.

     This Designated Borrower Notice shall constitute a Loan Document under the Credit Agreement.

	 	 	 	 	 
	 	BANK OF AMERICA, N.A.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 [*] Confidential Treatment Requested

1exv10w24

Exhibit 10.24

 

CREDIT AGREEMENT

dated as of

March ___, 2010

among

MIRION TECHNOLOGIES, INC.,

MIRION TECHNOLOGIES (SYNODYS) SA

and

MIRION TECHNOLOGIES (IST FRANCE) SAS,

as Borrowers

The Lenders Party Hereto

and

JPMORGAN CHASE BANK,

NATIONAL ASSOCIATION

as Domestic Administrative Agent

and

J.P. MORGAN EUROPE LIMITED,

as French Administrative Agent

 

J.P. MORGAN SECURITIES INC.

and

FIFTH THIRD BANK,

as Joint Bookrunners and Joint Lead Arrangers

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	ARTICLE I DEFINITIONS
	 	 	1	 
	 
	SECTION 1.01 Defined Terms
	 	 	1	 
	 
	SECTION 1.02 Classification of Loans and Borrowings
	 	 	27	 
	 
	SECTION 1.03 Terms Generally
	 	 	27	 
	 
	SECTION 1.04 Accounting Terms; GAAP
	 	 	27	 
	 
	SECTION 1.05 Currency Translations
	 	 	28	 
	 
	ARTICLE II THE CREDITS
	 	 	28	 
	 
	SECTION 2.01 Commitments
	 	 	28	 
	 
	SECTION 2.02 Loans and Borrowings
	 	 	28	 
	 
	SECTION 2.03 Requests for Borrowings
	 	 	29	 
	 
	SECTION 2.04 Swingline Loans
	 	 	30	 
	 
	SECTION 2.05 Letters of Credit
	 	 	31	 
	 
	SECTION 2.06 Funding of Borrowings
	 	 	36	 
	 
	SECTION 2.07 Interest Elections
	 	 	37	 
	 
	SECTION 2.08 Termination, Reduction and Increase of Commitments
	 	 	38	 
	 
	SECTION 2.09 Repayment of Loans; Evidence of Debt
	 	 	41	 
	 
	SECTION 2.10 Prepayment of Loans
	 	 	42	 
	 
	SECTION 2.11 Fees
	 	 	44	 
	 
	SECTION 2.12 Interest
	 	 	45	 
	 
	SECTION 2.13 Alternate Rate of Interest
	 	 	46	 
	 
	SECTION 2.14 Increased Costs
	 	 	47	 
	 
	SECTION 2.15 Break Funding Payments
	 	 	49	 
	 
	SECTION 2.16 Taxes
	 	 	50	 
	 
	SECTION 2.17 Payments Generally; Pro Rata Treatment; Sharing of Set-offs
	 	 	52	 
	 
	SECTION 2.18 Mitigation Obligations; Replacement of Lenders
	 	 	54	 
	 
	SECTION 2.19 Defaulting Lenders
	 	 	54	 
	 
	SECTION 2.20 Additional Reserve Costs
	 	 	56	 
	 
	ARTICLE III REPRESENTATIONS AND WARRANTIES
	 	 	57	 
	 
	SECTION 3.01 Organization; Powers
	 	 	57	 

-i-

 

TABLE OF CONTENTS
(continued)

	 	 	 	 	 
	 	 	Page
	SECTION 3.02 Authorization; Enforceability
	 	 	57	 
	 
	SECTION 3.03 Governmental Approvals; No Conflicts
	 	 	57	 
	 
	SECTION 3.04 Financial Condition; No Material Adverse Change
	 	 	57	 
	 
	SECTION 3.05 Properties
	 	 	58	 
	 
	SECTION 3.06 Litigation and Environmental Matters
	 	 	58	 
	 
	SECTION 3.07 Compliance with Laws and Agreements
	 	 	58	 
	 
	SECTION 3.08 Investment Company Status
	 	 	58	 
	 
	SECTION 3.09 Taxes
	 	 	59	 
	 
	SECTION 3.10 ERISA
	 	 	59	 
	 
	SECTION 3.11 Disclosure
	 	 	59	 
	 
	 	 	 	 
	ARTICLE IV CONDITIONS
	 	 	59	 
	 
	SECTION 4.01 Effective Date
	 	 	59	 
	 
	SECTION 4.02 Each Credit Event
	 	 	62	 
	 
	 	 	 	 
	ARTICLE V AFFIRMATIVE COVENANTS
	 	 	62	 
	 
	SECTION 5.01 Financial Statements; Ratings Change and Other Information
	 	 	62	 
	 
	SECTION 5.02 Notices of Material Events
	 	 	64	 
	 
	SECTION 5.03 Existence; Conduct of Business
	 	 	65	 
	 
	SECTION 5.04 Payment of Obligations
	 	 	65	 
	 
	SECTION 5.05 Maintenance of Properties; Insurance
	 	 	65	 
	 
	SECTION 5.06 Books and Records; Inspection Rights
	 	 	65	 
	 
	SECTION 5.07 Compliance with Laws
	 	 	65	 
	 
	SECTION 5.08 Use of Proceeds and Letters of Credit
	 	 	65	 
	 
	SECTION 5.09 Additional Guarantors
	 	 	66	 
	 
	SECTION 5.10 Further Assurances
	 	 	66	 
	 
	SECTION 5.11 Pledge of Shares of German Subsidiary
	 	 	66	 
	 
	 	 	 	 
	ARTICLE VI NEGATIVE COVENANTS
	 	 	67	 
	 
	SECTION 6.01 Indebtedness
	 	 	67	 
	 
	SECTION 6.02 Liens
	 	 	68	 
	 
	SECTION 6.03 Fundamental Changes and Asset Sales
	 	 	69	 

-ii-

 

TABLE OF CONTENTS
(continued)

	 	 	 	 	 
	 	 	Page
	SECTION 6.04 Investments, Loans, Advances, Guarantees and Acquisitions
	 	 	70	 
	 
	SECTION 6.05 Swap Agreements
	 	 	71	 
	 
	SECTION 6.06 Restricted Payments
	 	 	71	 
	 
	SECTION 6.07 Transactions with Affiliates
	 	 	72	 
	 
	SECTION 6.08 Restrictive Agreements
	 	 	72	 
	 
	SECTION 6.09 Sale and Leaseback Transactions
	 	 	73	 
	 
	SECTION 6.10 Amendment of Material Documents
	 	 	73	 
	 
	SECTION 6.11 Changes in Fiscal Year
	 	 	73	 
	 
	SECTION 6.12 Financial Covenants
	 	 	73	 
	 
	 	 	 	 
	ARTICLE VII EVENTS OF DEFAULT
	 	 	74	 
	 
	 	 	 	 
	ARTICLE VIII THE ADMINISTRATIVE AGENT
	 	 	77	 
	 
	 	 	 	 
	ARTICLE IX MISCELLANEOUS
	 	 	79	 
	 
	SECTION 9.01 Notices
	 	 	79	 
	 
	SECTION 9.02 Waivers; Amendments
	 	 	80	 
	 
	SECTION 9.03 Expenses; Indemnity; Damage Waiver
	 	 	81	 
	 
	SECTION 9.04 Successors and Assigns
	 	 	82	 
	 
	SECTION 9.05 Survival
	 	 	86	 
	 
	SECTION 9.06 Counterparts; Integration; Effectiveness
	 	 	86	 
	 
	SECTION 9.07 Severability
	 	 	86	 
	 
	SECTION 9.08 Right of Setoff
	 	 	86	 
	 
	SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process
	 	 	87	 
	 
	SECTION 9.10 WAIVER OF JURY TRIAL
	 	 	87	 
	 
	SECTION 9.11 Headings
	 	 	88	 
	 
	SECTION 9.12 Confidentiality
	 	 	88	 
	 
	SECTION 9.13 Interest Rate Limitation
	 	 	89	 
	 
	SECTION 9.14 USA PATRIOT Act
	 	 	89	 
	 
	SECTION 9.15 Currency of Payment
	 	 	89	 

-iii-

 

SCHEDULES:

Schedule 1.01(a) — Existing Letters of Credit

Schedule 1.01(b) — Specified Times

Schedule 2.01 — Commitments

Schedule 2.20 — Mandatory Costs

Schedule 3.06 — Disclosed Matters

Schedule 4.01 — Indebtedness to be Repaid

Schedule 6.01 — Existing Indebtedness

Schedule 6.02 — Existing Liens

Schedule 6.04 — Existing Investments

Schedule 6.07 — Transactions with Affiliates

Schedule 6.08 — Existing Restrictions

Schedule 8 — Security Trust Provisions

EXHIBITS:

	 	 	 
	Exhibit A

	 	— Form of Assignment and Assumption
	Exhibit B-1

	 	— Form of Opinion of Parent’s In-House Counsel
	Exhibit B-2

	 	— Form of Opinion of Loan Parties’ New York Counsel
	Exhibit B-3

	 	— Form of Opinion of Loan Parties’ Delaware Counsel
	Exhibit B-4

	 	— Forms of Opinion of Loan Parties’ and Administrative Agents’ Respective French Counsel
	Exhibit B-4

	 	— Forms of Opinion of Loan Parties’ and Administrative Agents’ Respective German Counsel
	Exhibit B-6

	 	— Form of Opinion of Administrative Agents’ English Counsel
	Exhibit B-7

	 	— Form of Opinion of Loan Parties’ Canadian Counsel
	Exhibit C-1

	 	— Form of Guaranty (Domestic Obligations)
	Exhibit C-2

	 	— Form of Guaranty (French Obligations)
	Exhibit D-1

	 	— Form of Domestic Pledge and Security Agreement
	Exhibit D-2

	 	— Form of French Security Documents
	Exhibit D-3

	 	— Form of English Security Documents
	Exhibit D-4

	 	— Form of Canadian Security Documents
	Exhibit D-5

	 	— Form of German Security Document

-iv-

 

          CREDIT AGREEMENT dated as of March ___, 2010, among MIRION TECHNOLOGIES, INC., as the Parent,
MIRION TECHNOLOGIES (SYNODYS) SA and MIRION TECHNOLOGIES (IST FRANCE) SAS, as the French Borrowers,
the LENDERS party hereto, and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Domestic Administrative
Agent and J.P. MORGAN EUROPE LIMITED, as French Administrative Agent.

          The parties hereto agree as follows:

ARTICLE I

DEFINITIONS

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

          “ABR”, when used in reference to any Revolving Loan or Borrowing of Revolving Loans,
refers to whether such Revolving Loan, or the Revolving Loans comprising such Borrowing, are
bearing interest at a rate determined by reference to the Alternate Base Rate.

          “Acquisition” means any transaction, or any series of related transactions,
consummated on or after the date of this Agreement, by which the Parent or any of its Subsidiaries
(i) acquires any ongoing business or all or substantially all of the assets of any Person, or
division thereof, whether through purchase of assets, merger or otherwise or (ii) directly or
indirectly acquires (in one transaction or as the most recent transaction in a series of
transactions) at least a majority (in number of votes) of the securities of a corporation which
have ordinary voting power for the election of directors (other than securities having such power
only by reason of the happening of a contingency) or a majority (by percentage of voting power) of
the outstanding ownership interests of a partnership or limited liability company.

          “Act” has the meaning set forth in Section 9.14; provided that it shall only
apply to Section 9.14.

          “Adjusted LIBO Rate” means, with respect to any Eurodollar Borrowing of Revolving
Loans or Domestic Term Loans for any Interest Period, an interest rate per annum equal to (a) the
LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate plus (c) if
applicable pursuant to Section 2.20, the Mandatory Cost calculated in accordance with the formula
and in the manner set forth on Schedule 2.20 hereto.

          “Administrative Agents” means the Domestic Administrative Agent and the French
Administrative Agent.

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

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

 

 

          “Agreement” means this Credit Agreement, as the same may be amended, restated,
supplemented or otherwise modified from time to time.

          “Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of
(a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such
day plus 1/2 of 1% and (c) the Adjusted LIBO Rate for a one month Interest Period on such day (or if
such day is not a Business Day, the immediately preceding Business Day) plus 1%,
provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be
based on the rate appearing on the Reuters Screen LIBOR01 Page (or on any successor or substitute
page) at the Specified Time on such day. Any change in the Alternate Base Rate due to a change in
the Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate shall be effective from
and including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate
or the Adjusted LIBO Rate, respectively.

          “Alternative Currency” means at any time, euro, Sterling, and, if agreed to by each
Revolving Lender, any currency (other than dollars) that is readily available, freely traded and
convertible into dollars in the London market and as to which a Dollar Equivalent can be
calculated.

          “Alternative Currency Sublimit” means $10,000,000.

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

          “Applicable Rate” means, for any day, with respect to any ABR Loan or Eurodollar Loan,
or with respect to the Revolving Credit Commitment Fees payable hereunder, as the case may be, the
applicable rate per annum set forth below under the caption “ABR Spread”, “Eurodollar Spread” or
“Commitment Fee Rate”, as the case may be, based upon the Pricing Level applicable on such date:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Pricing Level:	 	ABR Spread	 	Eurodollar Spread	 	Commitment
 Fee Rate
	Level I
	 	 	3.00	%	 	 	4.00	%	 	 	0.35	%
	Level II
	 	 	3.25	%	 	 	4.25	%	 	 	0.40	%
	Level III
	 	 	3.50	%	 	 	4.50	%	 	 	0.50	%
	Level IV
	 	 	4.00	%	 	 	5.00	%	 	 	0.50	%

provided, that prior to the delivery of a Compliance Certificate with respect to the fiscal
quarter of the Parent ending September 30, 2010, the Applicable Rate (i) with respect to the ABR
Spread shall be 3.50%, (ii) with respect to the Eurodollar Spread shall be 4.50% and (iii) with
respect to the Commitment Fee Rate shall be 0.50%.

2

 

          Each change in the Applicable Rate shall apply during the period commencing on the effective
date of such change and ending on the date immediately preceding the effective date of the next
such change.

          “Approved Fund” has the meaning assigned to such term in Section 9.04(b).

          “Assignment and Assumption” means an assignment and assumption entered into by a
Lender and an assignee (with the consent of any party whose consent is required by Section 9.04),
and accepted by the applicable Administrative Agent, in the form of Exhibit A or any other form
approved by such Administrative Agent.

          “Auto-Renewal Letter of Credit” has the meaning assigned to such term in Section
2.05(c)(ii).

          “Availability” means at any time, an amount equal to the aggregate Revolving
Commitments of all Lenders minus (b) the aggregate Revolving Credit Exposure of all
Revolving Lenders.

          “Availability Period” means the period from and including the Effective Date to but
excluding the earlier of the Maturity Date and the date of termination of the Revolving
Commitments.

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

          “Borrowers” means, collectively, the Parent and the French Borrowers.

          “Borrowing” means (a) Revolving Loans of the same Type, made, converted or continued
on the same date to the Parent and, in the case of Eurodollar Loans, as to which a single Interest
Period is in effect, (b) a Swingline Loan or (c) a Term Borrowing.

          “Borrowing Request” means a request by a Borrower for a Revolving Borrowing or a Term
Borrowing in accordance with Section 2.03.

          “Business Day” means any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or required by law to remain closed;
provided that, when used in connection with a Eurodollar Loan, the term “Business
Day” shall also exclude (i) any day on which banks are not open for dealings in dollar deposits
or in the Alternative Currency in which interest in such Eurodollar Loans is calculated in the
London interbank market, (ii) in the case of a Loan denominated in euro, any day which is not a
TARGET Day (as determined by the French Administrative Agent) or (iii) in the case of a Revolving
Loan denominated in an Alternative Currency other than Sterling or euro, any day on which banks are
not open for dealings in such Alternative Currency in the city which is the principal financial
center of the country of issuance of the applicable Alternative Currency.

          “Canadian Security Documents” means a general security agreement, executed by each
Canadian Subsidiary in favor of the French Administrative Agent and which shall secure the
Obligations of the Canadian Subsidiaries under the Guaranty (French Obligations),

3

 

substantially in the form of Exhibit D-4, as the same may be amended, restated, supplemented
or otherwise modified from time to time.

          “Canadian Subsidiaries” means each Subsidiary (other than any Inactive Subsidiary or
Immaterial Subsidiary) that is organized under the laws of Canada or any province or territory
thereof.

          “Capital Expenditures” means, without duplication, any expenditure for any purchase or
other acquisition of any asset which would be classified as a fixed or capital asset on a
consolidated balance sheet of the Parent and its Subsidiaries prepared in accordance with GAAP;
provided that Capital Expenditures shall not include any such expenditures which constitute
(a) expenditures of proceeds of insurance settlements, condemnation awards and other settlements in
respect of lost, destroyed, damaged or condemned assets, equipment or other property to the extent
such expenditures are made to replace or repair such lost, destroyed, damaged or condemned assets,
equipment or other property or otherwise to acquire, maintain, develop, construct, improve, upgrade
or repair assets or properties useful in the business of the Parent or its Subsidiaries; (b) a
reinvestment of the Net Proceeds of any sale, transfer or other disposition to the extent permitted
by Section 2.10(c) (including pursuant to a sale and leaseback transaction of any property or asset
of the Parent or any of its Subsidiaries); (c) a Permitted Acquisition; (d) expenditures financed
with the Net Proceeds of any Equity Issuance by the Parent; or (e) the purchase price of equipment
purchased during such period to the extent the consideration therefor consists of any combination
of (i) used or surplus equipment traded in at the time of such purchase and (ii) the proceeds of a
substantially concurrent sale of used or surplus equipment.

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

          “Cash Management Agreement” means any agreement to provide cash management services,
including treasury, depository, overdraft, credit or debit card, electronic funds transfer and
other cash management arrangements.

          “Change in Control” means (a) the acquisition of ownership, directly or indirectly,
beneficially or of record, by any Person or group (within the meaning of the Securities Exchange
Act of 1934 and the rules of the SEC thereunder as in effect on the date hereof), other than the
Sponsor Group, of Equity Interests representing more than the greater of (x) 30% of the aggregate
issued and outstanding Equity Interests of the Parent having ordinary voting power and (y) the
percentage of the aggregate issued and outstanding Equity Interests of the Parent having ordinary
voting power owned beneficially, directly or indirectly by the Sponsor Group; or (b) occupation of
a majority of the seats (other than vacant seats) on the board of directors of the Parent by
Persons who were neither (i) nominated by the board of directors of the Parent nor (ii) appointed
by directors so nominated.

4

 

          “Change in Law” means (a) the adoption of any law, rule or regulation after the date
of this Agreement, (b) any change in any law, rule or regulation or in the interpretation or
application thereof by any Governmental Authority after the date of this Agreement or (c)
compliance by any Lender or the Issuing Bank (or, for purposes of Section 2.14(b), by any lending
office of such Lender or by such Lender’s or the Issuing Bank’s holding company, if any) with any
request, guideline or directive (whether or not having the force of law) of any Governmental
Authority made or issued after the date of this Agreement.

          “Charges” has the meaning set forth in Section 9.13; provided that it shall
only apply to Section 9.13.

          “Class”, when used in reference to any Loan or Borrowing, refers to whether such Loan,
or the Loans comprising such Borrowing, are Revolving Loans, Domestic Term Loans, French Term Loans
or Swingline Loans.

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

          “Collateral” means any and all property owned, leased or operated by a Person in which
a security interest is purported to be granted under the Collateral Documents and any and all other
property of any Loan Party, now existing or hereafter acquired, that may at any time be or become
subject to a security interest or Lien in favor of an Administrative Agent, on behalf of itself and
certain of the Lenders, to secure specified Obligations.

          “Collateral Documents” means, collectively, the Domestic Security Documents, the
Foreign Security Documents, any pledge or security agreement delivered pursuant to Section 5.11 and
other agreements, instruments or documents that create or purport to create a Lien in favor of the
applicable Administrative Agent for the benefit of the applicable secured parties.

          “Commitment” means, (a) with respect to each Domestic Term Lender, prior to the making
of the Domestic Term Loans on the Effective Date, its Domestic Term Commitment, (b) with respect to
each Revolving Lender, its Revolving Commitment and (c) with respect to each French Term Lender,
prior to the making of the French Term Loans on the Effective Date, its French Term Commitment.

          “Compliance Certificate” has the meaning assigned to such term in Section 5.01(c).

          “Control” means the possession, directly or indirectly, of the power to direct or
cause the direction of the management or policies of a Person, whether through the ability to
exercise voting power, by contract or otherwise and, in relation to a French company, as defined in
article L.233-3 I and II of the French Code de Commerce. “Controlling” and
“Controlled” have meanings correlative thereto.

          “Currency” means dollars or any Alternative Currency.

          “Currency of Payment” has the meaning assigned to such term in Section 9.15.

5

 

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

          “Defaulting Lender” means any Lender, as determined by either Administrative Agent,
that has (a) failed to fund any portion of its Loans or participations in Letters of Credit or
Swingline Loans within three Business Days of the date required to be funded by it hereunder, (b)
notified any Borrower, either Administrative Agent, the Issuing Bank, the Swingline Lender or any
Lender in writing that it does not intend to comply with any of its funding obligations under this
Agreement or has made a public statement to the effect that it does not intend to comply with its
funding obligations under this Agreement or under other agreements in which it commits to extend
credit, (c) failed, within three Business Days after request by the Domestic Administrative Agent,
to confirm that it will comply with the terms of this Agreement relating to its obligations to fund
prospective Loans and participations in then outstanding Letters of Credit and Swingline Loans, (d)
otherwise failed to pay over to an Administrative Agent or any other Lender any other amount
required to be paid by it hereunder within three Business Days of the date when due, unless the
subject of a good faith dispute, or (e) (i) become or is insolvent or has a parent company that has
become or is insolvent or (ii) become the subject of a bankruptcy or insolvency proceeding, or has
had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or
similar Person charged with reorganization or liquidation of its business or custodian, appointed
for it, or has taken any action in furtherance of, or indicating its consent to, approval of or
acquiescence in any such proceeding or appointment or has a parent company that has become the
subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee,
administrator, assignee for the benefit of creditors or similar Person charged with reorganization
or liquidation of its business or custodian appointed for it, or has taken any action in
furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or
appointment.

          “Disclosed Matters” means the actions, suits and proceedings and the environmental
matters disclosed in Schedule 3.06.

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

          “Dollar Equivalent” means on any date, with respect to any amount denominated in an
Alternative Currency, the equivalent in dollars of such amount, determined by the Domestic
Administrative Agent using the Exchange Rate in effect for such Alternative Currency at the
Specified Time on such date; provided, however, that with respect to determining
the amount of any Loan that is being made, the Dollar Equivalent shall be determined on the date of
the relevant Borrowing Request that resulted in the making of such Loan. As appropriate, amounts
specified herein as amounts in dollars shall be or include any relevant Dollar Equivalent amount.

          “Domestic Administrative Agent” means JPMCB, in its capacity as domestic
administrative agent for the Domestic Term Lenders and Revolving Lenders hereunder.

          “Domestic Guarantors” means each existing and future Domestic Subsidiary that is party
to the Guaranty (Domestic Obligations) or the Guaranty (French Obligations).

6

 

          “Domestic Security Documents” means a Domestic Pledge and Security Agreement, among
each Domestic Subsidiary and the Domestic Administrative Agent and which shall secure the
Obligations of (a) the Parent and the Domestic Subsidiaries under each of the Guaranties and (b)
the Parent under this Agreement, substantially in the form of Exhibit D-1, as the same may be
amended, restated, supplemented or otherwise modified from time to time.

          “Domestic Subsidiary” means each Subsidiary (other than any Inactive Subsidiary or
Immaterial Subsidiary) that is organized under the laws of the United States of America or any
political subdivision thereof, whether state or local.

          “Domestic Term Borrowing” means Domestic Term Loans of the same Type, made, converted
or continued on the same date to the Parent and, in the case of Eurodollar Loans, as to which a
single Interest Period is in effect.

          “Domestic Term Commitment” means, with respect to any Domestic Term Lender, the
commitment of such Lender to make Domestic Term Loans to the Parent on the Effective Date. The
amount of each Domestic Term Lender’s Domestic Term Commitment is set forth on Schedule 2.01. The
aggregate amount of the Domestic Term Lenders’ Domestic Term Commitments is $35,000,000.

          “Domestic
Term Lender” means each Person having a Domestic Term
Commitment as set forth on
Schedule 2.01 and any other Person that shall have become a party hereto as a Domestic Term Lender
pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party
hereto pursuant to an Assignment and Assumption.

          “Domestic Term Loan” means a term loan made pursuant to Section 2.01(b).

          “EBITDA” shall mean for any period, Net Income for such period plus (a) without
duplication and to the extent deducted in determining Net Income for such period, the sum of (i)
interest expense for such period, (ii) income tax expense for such period, (iii) all amounts
attributable to depreciation and amortization expense for such period, (iv) any extraordinary cash
charges for such period in an amount not to exceed $4,000,000, (v) any extraordinary non-cash
charges for such period and (vi) any other non-cash charges for such period (but excluding any
non-cash charge in respect of an item that was included in Net Income in a prior period) and (vii)
any non-recurring fees, costs and expenses as reflected in the Borrowers’ June 30, 2009 financial
statements, any non-recurring fees, costs and expenses incurred in connection with a proposed
initial public offering by the Parent or in connection with the financing contemplated by the Loan
Documents, and any fees paid to any member of the Sponsor Group pursuant to, or in connection with
the termination of, the investment bank contract with one or more members of the Sponsor Group
after June 30, 2009 but on or prior to the Effective Date, minus (b) without duplication
and to the extent included in Net Income, (i) any cash payments made during such period in respect
of non-cash charges described in clauses (a)(vi) or (a)(vii) taken in a prior period and (ii) any
extraordinary gains and any non-cash items of income for such period, all calculated for the
Borrowers and their respective Subsidiaries on a consolidated basis in accordance with GAAP.

7

 

          “Effective Date” means the date on which the conditions specified in Section 4.01 are
satisfied (or waived in accordance with Section 9.02).

          “Effective Date Net Worth” means an amount equal to Net Worth, determined as of March
31, 2010 after giving pro forma effect to the Equity Offering and the consummation on the Effective
Date of the transactions contemplated by this Agreement.

          “English Chargor” means Mirion Technologies (IST) Ltd, an English Subsidiary.

          “English Security Agreement” means the debenture, dated as of the date hereof, between
the English Chargor and the French Administrative Agent, as the same may be amended, restated,
supplemented or otherwise modified from time to time, substantially in the form of Exhibit D-3,
which shall secure the Obligations of the English Chargor under the Guaranty (French Obligations).

          “English Security Documents” means the English Security Agreement and the English
Share Charge.

          “English Share Charge” means the charge over the shares of the English Chargor, dated
as of the date hereof, between Mirion Technologies (IST) Corporation as chargor and the French
Administrative Agent, substantially in the form of Exhibit D-3, which shall secure the Obligations
of the Borrowers.

          “English Subsidiaries” means each Subsidiary (other than any Inactive Subsidiary or
Immaterial Subsidiary) that is organized under the laws of England or Wales.

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

          “Environmental Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the
Parent or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any
Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or
disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or
threatened release of any Hazardous Materials into the environment or (e) any contract, agreement
or other consensual arrangement pursuant to which liability is assumed or imposed with respect to
any of the foregoing; provided that “Environmental Liability” shall not mean any such
liability directly or indirectly resulting from or based upon the use by others, or the sale or
distribution, of any of the products of Parent or its Subsidiaries.

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

8

 

          “Equity Issuance” means any issuance for cash by any Person to any other Person of (a)
its Equity Interests, (b) any of its Equity Interests pursuant to the exercise of options or
warrants, (c) any of its Equity Interests pursuant to the conversion of any debt securities to
equity or (d) any options or warrants relating to its Equity Interests.

          “Equity Offering” means the issuance and sale by the Parent of its common stock in an
initial public offering.

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

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

          “ERISA Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or
the regulations issued thereunder with respect to a Plan (other than an event for which the 30 day
notice period is waived); (b) the existence with respect to any Plan of any variance from the
minimum funding standard (as described in Section 412 of the Code or Section 302 of ERISA); (c) the
failure to make any required contribution to any Plan; (d) the incurrence by any Borrower or any of
its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of
any Plan; (e) the receipt by any Borrower or any ERISA Affiliate from the PBGC or a plan
administrator of any notice relating to an intention to terminate any Plan or Plans or to appoint a
trustee to administer any Plan; or (f) the incurrence by any Borrower or any of its ERISA
Affiliates of any liability with respect to the withdrawal or partial withdrawal from any Plan.

          “ERISA Multiemployer Plan Event” means (a) the incurrence by any Borrower or any of
its ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal from any
Multiemployer Plan; or (b) the receipt by any Borrower or any ERISA Affiliate of any notice, or the
receipt by any Multiemployer Plan from any Borrower or any ERISA Affiliate of any notice,
concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is,
or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA.

          “EUR”, “€” and “euro” means the lawful currency of the Participating
Member States.

          “EURIBOR” means in relation to any French Term Loan in euro:

     (a) the applicable Screen Rate; or

     (b) (if no Screen Rate is available for the Interest Period of that Loan) the
arithmetic mean of the rates (rounded upwards to four decimal places) as supplied to the
French Administrative Agent at its request quoted by the Reference Banks to leading banks in
the European interbank market,

9

 

in either case as of the Specified Time on the Quotation Day for the offering of deposits in euro
for a period comparable to the Interest Period of the relevant Loan; provided that EURIBOR
shall in no event be less than 1.50% per annum at any time.

          “Eurodollar”, when used in reference to any Loan or Borrowing, refers to whether such
Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by
reference to the Adjusted LIBO Rate in the case of Revolving Loans and Domestic Term Loans or
EURIBOR in the case of French Term Loans.

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

          “Excess Cash Flow” means, for any fiscal year of the Parent, the excess (if any) of
(a) EBITDA for such fiscal year over (b) the sum (for such fiscal year) of (i) interest
expenses actually paid in cash by the Parent and its Subsidiaries, (ii) principal repayments of
Indebtedness, to the extent actually made, (iii) all income taxes actually paid in cash by the
Parent and its Subsidiaries, (iv) Capital Expenditures actually made by the Parent and its
Subsidiaries in such fiscal year, (v) any extraordinary cash charges added to EBITDA pursuant to
clause (iv) of the definition thereof and (vi) all fees, cost and expenses added to EBITDA pursuant
to clause (vii) of the definition thereof.

          “Exchange Rate” means, with respect to any Alternative Currency on a particular date,
the rate at which such Alternative Currency may be exchanged into dollars, as set forth on such
date on the applicable Reuters World Currency Page with respect to such Alternative Currency. In
the event that such rate does not appear on the applicable Reuters World Currency Page, the
Exchange Rate with respect to such Alternative Currency shall be determined by reference to such
other publicly available service for displaying exchange rates as may be agreed upon by either
Administrative Agent and any Borrower or, in the absence of such agreement, such Exchange Rate
shall instead be the applicable Administrative Agent’s spot rate of exchange in the London
interbank market or other market where its foreign currency exchange operations in respect of such
Alternative Currency is then being conducted, at the Specified Time on such date for the purchase
of Dollars with such Alternative Currency for delivery two Business Days later; provided,
however, that if at the time of any such determination, for any reason, no such spot rate
is being quoted, the applicable Administrative Agent may use any reasonable method it deems
appropriate to determine such rate, and such determination shall be conclusive absent manifest
error.

          “Excluded Taxes” means, with respect to either Administrative Agent, any Lender, the
Issuing Bank or any other recipient of any payment to be made by or on account of any obligation of
any Borrower hereunder, (a) taxes imposed on (or measured by) its net income, and franchise (and
similar) taxes imposed on it by the United States of America, or by the jurisdiction under the laws
of which such recipient is organized or in which its principal office is located or, in the case of
any Lender, in which its applicable lending office is located, (b) any branch profits taxes imposed
by the United States of America or any similar tax imposed by any other jurisdiction in which any
Borrower is located, (c) any Taxes imposed by reason of any present or former connection between
the recipient and the jurisdiction imposing such tax, other than such connection resulting from
this Agreement or any other Loan Document or any transactions contemplated by this Agreement or any
other Loan Document, (d) in the case of a

10

 

Foreign Lender (other than an assignee pursuant to a request by any Borrower under Section
2.18(b)), any withholding tax that is imposed on amounts payable to such Foreign Lender at the time
such Foreign Lender becomes a party to this Agreement (or designates a new lending office), except
to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of
designation of a new lending office (or assignment), to receive additional amounts from any
Borrower with respect to such withholding tax pursuant to Section 2.16(a) and (e) any withholding
tax that is attributable to such recipient’s failure to comply with Section 2.16(e).

          “Existing Letters of Credit” means the letters of credit issued by the Issuing Bank
before the Effective Date and listed in Schedule 1.01(a) hereto, as such schedule may be amended
with the consent of the applicable Issuing Lender and Administrative Agent to include letters of
credit outstanding on the Effective Date.

          “Federal Funds Effective Rate” means, for any day, the weighted average of the rates
on overnight Federal funds transactions with members of the Federal Reserve System arranged by
Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank
of New York, or, if such rate is not so published for any day that is a Business Day, the average
of the quotations for such day for such transactions received by the Domestic Administrative Agent
from three Federal funds brokers of recognized standing selected by it.

          “Financial Officer” means the chief financial officer, principal accounting officer,
treasurer, assistant treasurer or controller or other similar officer of any Borrower.

          “Fixed Charges” means, with reference to any period, without duplication, Interest
Expense, plus scheduled payments of principal on Indebtedness made during such period, all
calculated for the Parent and its Subsidiaries on a consolidated basis.

          “Fixed Charge Coverage Ratio” means, for any period, the ratio of (a) EBITDA
minus Capital Expenditures to (b) Fixed Charges, all calculated for the Parent and its
Subsidiaries on a consolidated basis in accordance with GAAP; provided, that for the
purposes of calculating Fixed Charges (a) for the period of four fiscal quarters ending on June 30,
2010, Fixed Charges for the fiscal quarter ending on such date shall be multiplied by four, (b) for
the period of four fiscal quarters ending on September 30, 2010, Fixed Charges for the period of
two fiscal quarters ending on such date shall be multiplied by two and (c) for the period of four
fiscal quarters ending on December 31, 2010, Fixed Charges for the period of three fiscal quarters
ending on such date shall be multiplied by 4/3.

          “Foreign Guarantors” means each existing and future Foreign Subsidiary that is party
to the Guaranty (French Obligations).

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

11

 

          “Foreign Security Documents” means, collectively, Canadian Security Documents, the
French Security Documents, the German Security Document and the English Security Documents.

          “Foreign Subsidiary” means any direct or indirect Subsidiary (other than any Inactive
Subsidiary or Immaterial Subsidiary) of the Parent which is not a Domestic Subsidiary.

          “France” means the French Republic.

          “French Administrative Agent” means J.P. Morgan Europe Limited, in its capacity as
French Administrative Agent for the French Term Lenders hereunder.

          “French Borrowers” means, together, Mirion Technologies (Synodys) SA, a société
anonyme (limited liability company) organized under the laws of France, and Mirion Technologies
(IST France) SAS, a société par actions simplifiée (limited liability company) organized under the
laws of France.

          “French Security Documents” means (i) a securities account pledge agreement, among
each French Subsidiary and the French Administrative Agent, (ii) a pledge of the business (fonds de
commerce), among each French Subsidiary and the French Administrative Agent and (iii) Dailly
assignments of accounts receivable by each French Subsidiary in favor of the French Administrative
Agent, in each case to secure the Obligations of (a) the French Subsidiaries under the Guaranty
(French Obligations) and (b) the French Borrowers under this Agreement, substantially in the form
of Exhibit D-2, as the same may be amended, restated, supplemented or otherwise modified from time
to time.

          “French Subsidiaries” means each Subsidiary (other than any Inactive Subsidiary or
Immaterial Subsidiary) that is organized under the laws of the France or any political subdivision
thereof, whether state or local.

          “French Term Borrowing” means French Term Loans of the same Type, made, converted or
continued on the same date to a single French Borrower and, in the case of Eurodollar Loans, as to
which a single Interest Period is in effect.

          “French Term Commitment” means, with respect to any French Term Lender, the commitment
of such Lender to make French Term Loans to the French Borrowers on the Effective Date. The amount
of each French Term Lender’s French Term Commitment is the Dollar Equivalent in euros of the amount set forth on Schedule 2.01. The aggregate
amount of the French Term Lenders’ French Term Commitments is the Dollar Equivalent in euros of $35,000,000.

          “French Term Lender” means each Person having a French Term Commitment as set forth on Schedule
2.01 and any other Person that shall have become a party hereto as a French Term Lender pursuant to
an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant
to an Assignment and Assumption, each of which Persons shall be a Qualifying French Lender.

          “French Term Loan” means a term loan made pursuant to Section 2.01(c).

12

 

          “GAAP” means generally accepted accounting principles in the United States of America.

          “German Security Document” means the German law share pledge, dated as of the date
hereof, between Mirion Technologies (Synodys) SA and the French Administrative Agent over the stock
of Mirion Technologies (MGPI H&B) GmbH, as the same be amended, restated, supplemented or otherwise
modified from time to time, substantially in the form of Exhibit D-5, which shall secure the
Obligations of Mirion Technologies (Synodys) SA under (a) the Guaranty (French Obligations) and (b)
the French Borrowers under this Agreement.

          “German Subsidiaries” means each Subsidiary (other than any Inactive Subsidiary or
Immaterial Subsidiary) that is organized under the laws of Germany or any political subdivision
thereof, whether state or local.

          “Germany” means the Federal Republic of Germany.

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

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

          “Guaranties” means the Guaranty (Domestic Obligations) and the Guaranty (French
Obligations).

          “Guarantors” means, collectively, the Domestic Guarantors and the Foreign Guarantors.

          “Guaranty (Domestic Obligations)” means a Guarantee substantially in the form of
Exhibit C-1.

13

 

          “Guaranty (French Obligations)” means a Guarantee substantially in the form of Exhibit
C-2.

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

          “Immaterial Subsidiaries” means one or more Subsidiaries of the Parent for which, (a)
the assets of all such designated Subsidiaries constitute, in the aggregate, no more than 5% of the
total assets of the Parent and its Subsidiaries on a consolidated basis (determined as of the last
day of the most recent fiscal quarter of the Parent for which financial statements have been
delivered pursuant to Section 5.01), and (b) the revenues of such Subsidiaries account for no more
than 5% of the total revenues of the Parent and its Subsidiaries on a consolidated basis for the
twelve-month period ending on the last day of the most recent fiscal quarter of the Parent for
which financial statement have been delivered pursuant to Section 5.01.

          “Inactive Subsidiaries” means, collectively, Xi’an XNIF MGP Nuclear Instruments Co.,
Ltd., Synodys Passive Dosimetry GmbH, IST Instruments, Inc. and Imaging and Sensing Technology,
Ltd., and each other Subsidiary that is designated as an Inactive Subsidiary by the Parent (subject
to the approval of the Domestic Administrative Agent) and no longer engages actively in any
business activities.

          “Increase Date” has the meaning assigned to such term in Section 2.08(d).

          “Indebtedness” of any Person means, without duplication, (a) all obligations of such
Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes
or similar instruments, (c) all obligations of such Person under conditional sale or other title
retention agreements relating to property acquired by such Person, (d) all obligations of such
Person in respect of the deferred purchase price of property or services (excluding current
accounts payable and other accrued obligations incurred in the ordinary course of business), (e)
all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing
right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such
Person, whether or not the Indebtedness secured thereby has been assumed, (f) all Guarantees by
such Person of Indebtedness of others, (g) all Capital Lease Obligations of such Person, (h) all
obligations, contingent or otherwise, of such Person as an account party in respect of letters of
credit and letters of guaranty and (i) all obligations, contingent or otherwise, of such Person in
respect of bankers’ acceptances. The Indebtedness of any Person shall include the Indebtedness of
any other entity (including any partnership in which such Person is a general partner) to the
extent such Person is liable therefor as a result of such Person’s ownership interest in such
entity, except to the extent the terms of such Indebtedness provide that such Person is not liable
therefor.

          “Indemnified Taxes” means Taxes other than Excluded Taxes.

          “Indemnitee” has the meaning set forth in Section 9.03(b).

14

 

          “Information” has the meaning assigned to such term in Section 9.12; provided
that it shall only apply to Section 9.12.

          “Information Memorandum” means the Confidential Information Memorandum dated January
2010 relating to the Borrowers and the Transactions.

          “Intercreditor Agreement” means that certain Intercreditor Agreement, dated as of the
date hereof, between the Domestic Administrative Agent and the French Administrative Agent, as the
same may be amended, restated, supplemented or otherwise modified from time to time.

          “Interest Election Request” means a request by a Borrower to convert or continue a
Revolving Borrowing or Term Borrowing in accordance with Section 2.07.

          “Interest Expense” means, with reference to any period, total cash interest expense
(including that attributable to Capital Lease Obligations) of the Parent and its Subsidiaries for
such period with respect to all outstanding Indebtedness of the Parent and its Subsidiaries
(including all commissions, discounts and other fees and charges owed with respect to letters of
credit and bankers’ acceptance financing and net costs under Swap Agreements in respect of interest
rates to the extent such net costs are allocable to such period in accordance with GAAP),
calculated on a consolidated basis for the Parent and its Subsidiaries for such period in
accordance with GAAP.

          “Interest Payment Date” means (a) with respect to any ABR Loan (other than a Swingline
Loan), the last day of each March, June, September and December and the Maturity Date, (b) with
respect to any Eurodollar Loan, the last day of the Interest Period applicable to the Borrowing of
which such Loan is a part and the Maturity Date and, in the case of a Eurodollar Borrowing with an
Interest Period of more than three months’ duration, each day prior to the last day of such
Interest Period that occurs at intervals of three months’ duration after the first day of such
Interest Period and (c) with respect to any Swingline Loan, the day that such Loan is required to
be repaid and the Maturity Date.

          “Interest Period” means with respect to any Eurodollar Borrowing, the period
commencing on the date of such Borrowing and ending on the numerically corresponding day in the
calendar month that is one, two, three or six months thereafter, as the applicable Borrower may
elect; provided, that (i) if any Interest Period would end on a day other than a Business
Day, such Interest Period shall be extended to the next succeeding Business Day unless, in the case
of a Eurodollar Borrowing only, such next succeeding Business Day would fall in the next calendar
month, in which case such Interest Period shall end on the next preceding Business Day and (ii) any
Interest Period pertaining to a Eurodollar Borrowing that commences on the last Business Day of a
calendar month (or on a day for which there is no numerically corresponding day in the last
calendar month of such Interest Period) shall end on the last Business Day of the last calendar
month of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the
date on which such Borrowing is made and, in the case of a Revolving Borrowing or Term Borrowing,
thereafter shall be the effective date of the most recent conversion or continuation of such
Borrowing.

15

 

          “IRS” means the U.S. Internal Revenue Service.

          “Issuing Bank” means (a) with respect to each Existing Letter of Credit, JPMCB and (b)
with respect to each Letter of Credit issued hereunder, (i) JPMCB in its capacity as the issuer of
Letters of Credit hereunder, and its successors in such capacity as provided in Section 2.05(a) and
(ii) any other Lender agreeing to act in such capacity, which other Lender shall be reasonably
satisfactory to the Parent and the Administrative Agents. Each Issuing Bank may, in its
discretion, in consultation with the Borrowers, arrange for one or more Letters of Credit to be
issued by Affiliates of such Issuing Bank, in which case the term “Issuing Bank” shall include any
such Affiliate with respect to Letters of Credit issued by such Affiliate.

          “JPMCB” means JPMorgan Chase Bank, N.A. and its successors.

          “LC Disbursement” means a payment made by the Issuing Bank pursuant to a Letter of
Credit.

          “LC Exposure” means, at any time, the sum of (a) the aggregate undrawn amount of all
outstanding Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements
that have not yet been reimbursed by or on behalf of the Parent at such time. The LC Exposure of
any Lender at any time shall be its Applicable Percentage of the total LC Exposure at such time.

          “Lenders” means the Revolving Lenders and the Term Lenders.

          “Letter of Credit” means (a) Existing Letters of Credit and (b) letters of credit
issued by an Issuing Bank on or after the Effective Date pursuant to Section 2.05.

          “Leverage Ratio” means, as of the last day of any fiscal quarter, the ratio of (a)
Total Indebtedness on such date to (b) EBITDA for the period of four consecutive fiscal quarters
ended on such date, calculated on a pro forma basis to give effect to any Permitted Acquisition
made during such four quarter period.

          “LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period,
the Screen Rate (A) for any Currency other than Sterling, at the Specified Time two Business Days
prior to the commencement of such Interest Period, as the rate for deposits in dollars or the
applicable Alternative Currency with a maturity comparable to such Interest Period or (B) for
Sterling, at the Specified Time on the first Business Day of such Interest Period, as the rate of
deposit comparable to such Interest Period. In the event that any such rate is not available at
such time for any reason, then the “LIBO Rate” with respect to such Eurodollar Borrowing
for such Interest Period shall be determined by reference to such other comparable publicly
available service for displaying eurocurrency rates as may be selected by the Domestic
Administrative Agent or, in the absence of such availability, by reference to the rate at which the
Domestic Administrative Agent is offered deposits in the applicable Currency at the Specified Time
two Business Days prior to the beginning of such Interest Period in the interbank eurocurrency
market where its eurocurrency and foreign currency and exchange operations are then being conducted
for such Currency for delivery on the first day of such Interest Period for the number of days
comprised therein. Notwithstanding the foregoing, the LIBO Rate used to calculate

16

 

interest with respect to Domestic Term Loans shall in no event be less than 1.50% per annum at
any time.

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

          “Loans” means the loans made by the Lenders to the Borrowers pursuant to this
Agreement.

          “Loan Documents” mean, collectively, this Agreement, any promissory notes issued
pursuant to this Agreement, any Letter of Credit applications, the Collateral Documents, any
control agreements executed pursuant to the Collateral Documents, the Guaranties and all other
agreements and instruments executed and delivered to, or in favor of, any Administrative Agent or
any Lenders and including all other pledges, powers of attorney, assignments, contracts and letter
of credit agreements whether heretofore, now or hereafter executed by or on behalf of any Loan
Party, or any employee of any Loan Party, and delivered to any Administrative Agent or any Lender
in connection with this Agreement or the transactions contemplated thereby. Any reference in this
Agreement or any other Loan Document to a Loan Document shall include all appendices, exhibits or
schedules thereto, and all amendments, restatements, supplements or other modifications thereto,
and shall refer to this Agreement or such Loan Document as the same may be in effect at any and all
times such reference becomes operative.

          “Loan Parties” means, collectively, the Borrowers and the Guarantors.

          “Mandatory Cost” means, with respect to any period, the percentage rate per annum
determined in accordance with Schedule 2.20.

          “Market Disruption Event” means:

     (a) at or about noon on the Quotation Day for the relevant Interest Period the Screen
Rate is not available and none or only one of the Reference Banks supplies a rate to the
French Administrative Agent to determine EURIBOR for the relevant currency and Interest
Period; or

     (b) before close of business in London on the Quotation Day for the relevant Interest
Period, the Agent receives notifications from a Lender or Lenders (whose participations in
the Term Loan exceed 33 per cent of the Term Loan) that the cost to it of obtaining matching
deposits in the Relevant Interbank Market would be in excess of EURIBOR.

          “Material Adverse Effect” means a material adverse effect on (a) the business,
operations, property or condition, financial or otherwise, of the Parent and the Subsidiaries taken
as a whole, (b) the ability of any Borrower to perform any of its payment obligations under the

17

 

Loan Documents or (c) the rights of or benefits available to the Lenders under the Loan
Documents.

          “Material Indebtedness” means Indebtedness (other than the Loans and Letters of
Credit), or obligations in respect of one or more Swap Agreements, of any one or more of the Parent
and its Subsidiaries in an aggregate principal amount exceeding $5,000,000. For purposes of
determining Material Indebtedness, the “principal amount” of the obligations of the Parent or any
Subsidiary in respect of any Swap Agreement at any time shall be the maximum aggregate amount
(giving effect to any netting agreements) that the Parent or such Subsidiary would be required to
pay if such Swap Agreement were terminated at such time.

          “Maturity Date” means the fourth anniversary of the Effective Date.

          “Maximum Rate” has the meaning set forth in Section 9.13; provided that it
shall only apply to Section 9.13.

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

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

          “Net Income” means, for any period, the consolidated net income (or loss) of the
Parent and its Subsidiaries, determined on a consolidated basis in accordance with GAAP;
provided that there shall be excluded (a) the income (or deficit) of any Person (other than
a Subsidiary) in which the Parent or any of its Subsidiaries has an ownership interest, except to
the extent that any such income is actually received by the Parent or such Subsidiary in the form
of dividends or similar distributions and (b) the undistributed earnings of any Subsidiary (other
than a Loan Party) to the extent that the declaration or payment of dividends or similar
distributions by such Subsidiary is not at the time permitted by the terms of any contractual
obligation (other than under any Loan Document) or requirement of law applicable to such
Subsidiary.

          “Net Proceeds” means, with respect to any event, (a) the cash proceeds received in
respect of such event including any cash received in respect of any non-cash proceeds (including
any cash payments received by way of deferred payment of principal pursuant to a note or
installment receivable or purchase price adjustment receivable or otherwise, but excluding any
interest payments), but only as and when received, net of (b) the sum of (i) all reasonable fees
and out-of-pocket expenses paid to third parties (other than Affiliates) in connection with such
event, (ii) the amount of all payments required to be made as a result of such event to repay
Indebtedness (other than Loans) secured by such asset or otherwise subject to mandatory prepayment
as a result of such event and (iii) the amount of all taxes paid (or reasonably estimated to be
payable) and the amount of any reserves established to fund contingent liabilities reasonably
estimated to be payable, in each case during the year that such event occurred or the next
succeeding year and that are directly attributable to such event (as determined reasonably and in
good faith by a Financial Officer); provided that no cash proceeds realized in a single
transaction or series of related transactions shall constitute Net Proceeds unless such cash
proceeds shall exceed $100,000.

18

 

          “Net Worth” means, as of any date of determination, for the Parent and its
Subsidiaries on a consolidated basis, consolidated shareholders’ equity of the Parent and its
Subsidiaries as of that date determined in accordance with GAAP.

          “New Lender” has the meaning assigned to such term in Section 2.08(d).

          “New Pledgor” has the meaning assigned to such term in Section 5.11.

          “Nonrenewal Notice Date” has the meaning assigned to such term in Section 2.05(c)(ii).

          “Obligations” means all present and future obligations of every kind or nature of the
Borrowers or the Guarantors at any time and from time to time owed to either Administrative Agent,
the Issuing Bank, the Swingline Lenders or the Lenders or any one or more of them, under any one or
more of the Loan Documents or under any Swap Agreement or Cash Management Agreement, whether due or
to become due, matured or unmatured, liquidated or unliquidated, or contingent or noncontingent,
including obligations of performance as well as obligations of payment, and
including interest that accrues after the commencement of any proceeding under any
liquidation, conservatorship, bankruptcy, moratorium, rearrangement, receivership, insolvency,
reorganization, or similar debtor relief law by or against Borrower or a Restricted Subsidiary of
Borrower, whether or not allowed as a claim in such proceeding.

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

          “Overnight Rate” means, for any day, (a) with respect to any amount denominated in
dollars, the greater of the Federal Funds Effective Rate and a rate determined by the Domestic
Administrative Agent in accordance with banking industry rules on interbank compensation, and (b)
with respect to any amount denominated in an Alternative Currency, the rate of interest per annum
in an amount approximately equal to the Domestic Administrative Agent’s overdraft cost charged by
its correspondent bank, as determined by the Domestic Administrative Agent in its sole discretion.

          “Parent” means Mirion Technologies, Inc., a Delaware corporation.

          “Participant” has the meaning set forth in Section 9.04(c).

          “Participant Register” has the meaning set forth in Section 9.04(e).

          “Participating Member State” means any member state of the European Communities that
adopts or has adopted the euro as its lawful currency in accordance with legislation of the
European Community relating to Economic and Monetary Union.

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

19

 

     “Permitted Acquisitions” has the meaning assigned to such term in Section 6.04(f).

     “Permitted Encumbrances” means:

     (a) Liens imposed by law for Taxes that are not yet due or are being contested in
compliance with Section 5.04;

     (b) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s, lessor’s and
other like Liens imposed by law, arising in the ordinary course of business and securing
obligations that are not overdue by more than 90 days or are being contested in compliance
with Section 5.04;

     (c) pledges and deposits made in the ordinary course of business in compliance with
workers’ compensation, unemployment insurance and other social security laws or regulations
including, in the case of German Subsidiaries, security created or subsisting in order to
comply with the requirements of Section 8a of the German Altersteilzeitgesetz and of Section
7e of the German Social Security Code (Sozialgesetzbuch IV);

     (d) deposits to secure the performance of bids, trade contracts, government contracts,
leases, statutory obligations, surety, stay, customs and appeal bonds, performance bonds,
performance and completion guaranties and other obligations of a like nature, in each case
in the ordinary course of business;

     (e) judgment liens in respect of judgments that do not constitute an Event of Default
under clause (l) of Article VII;

     (f) easements, zoning restrictions, rights-of-way, licenses, reservations, covenants,
utility easements, building restrictions and similar encumbrances on real property imposed
by law or arising in the ordinary course of business that do not secure any monetary
obligations and do not materially detract from the value of the affected property or
interfere with the ordinary conduct of business of the Parent or any Subsidiary;

     (g) leases or subleases of real property that do not, in the aggregate, materially
detract from the value of such real property or interfere with the ordinary conduct of the
business conducted and proposed to be conducted at such real property;

     (h) any interest or title of a lessor under any capital lease; provided that
interest or title does not extend to any property other than the property leased by such
lessor to the Parent or any Subsidiary under such capital lease;

     (i) leases, licenses, subleases or sublicenses granted to other Persons in the ordinary
course of business which do not (i) interfere in any material respect with the business of
any Borrower or any other Loan Party or (ii) secure any Indebtedness for borrowed money;

20

 

     (j) pledges and deposits in the ordinary course of business securing insurance premiums
or reimbursement obligations under insurance policies, in each case payable to insurance
carriers that provide insurance to the Parent and its Subsidiaries;

     (k) Liens securing reimbursement obligations with respect to letters of credit which
encumber documents and other property relating to letters of credit and products and
proceeds thereof;

     (l) bankers’ liens in the nature of rights of setoff arising in the ordinary course of
business and consistent with industry practice;

     (m) Liens on the underlying commodity trading accounts or other brokerage accounts
incurred in the ordinary course of business;

     (n) Liens attaching solely to cash earnest money deposits in connection with
investments permitted pursuant to Section 6.04;

     (o) 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 in the ordinary
course of business;

     (p) precautionary financing statements with respect to a lessor’s rights in and to
personal property leased to such Person in the ordinary course of such Person’s business
other than through a capital lease; and

     (q) Liens arising out of conditional sale, title retention, consignment or similar
arrangements for sale of goods entered into by the Parent or any Subsidiary in the ordinary
course of business and not prohibited by this Agreement;

provided that the term “Permitted Encumbrances” shall not include any Lien securing
Indebtedness.

     “Permitted Investments” means:

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

     (b) investments in commercial paper maturing within 270 days from the date of
acquisition thereof and having, at such date of acquisition, the highest credit rating
obtainable from S&P or from Moody’s;

     (c) investments in certificates of deposit, banker’s acceptances and time deposits
maturing within 180 days from the date of acquisition thereof issued or guaranteed by or
placed with, and money market deposit accounts issued or offered by, any domestic office of
any commercial bank organized under the laws of the United

21

 

States of America or any State thereof which has a combined capital and surplus and
undivided profits of not less than $500,000,000;

     (d) marketable direct obligations issued by any state of the United States of America
or any political subdivision or any such state or any public instrumentality thereof
maturing within 180 days from the date of acquisition thereof and, at the time of
acquisition, having one of the two highest ratings obtainable from either S&P or Moody’s;

     (e) fully collateralized repurchase agreements with a term of not more than 30 days for
securities described in clause (a) above and entered into with a financial institution
satisfying the criteria described in clause (c) above;

     (f) money market funds that (i) comply with the criteria set forth in Securities and
Exchange Commission Rule 2a-7 under the Investment Company Act of 1940, (ii) are rated AAA
by S&P and Aaa by Moody’s and (iii) have portfolio assets of at least $5,000,000,000; and

     (g) other comparable short-term investments in the ordinary course of business utilized
by Foreign Subsidiaries or by the Parent in connection with its foreign operations.

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

          “Personal Property Security Act” means the Personal Property Security Act (Ontario),
as such legislation may be amended, renamed, replaced or otherwise modified from time to time, and
includes all regulations from time to time made under such legislation.

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

          “Prepayment Event” means any sale, transfer or other disposition (including pursuant
to a sale and leaseback transaction) of any property or asset of any Loan Party, other than sales,
transfers and dispositions in the ordinary course of business or to the Parent or another Loan
Party.

          “Pricing Level” means, as of each date of determination, the pricing level set forth
below opposite the Leverage Ratio based upon the Leverage Ratio set forth in the Compliance
Certificate most recently delivered to the Domestic Administrative Agent, provided that in
the event that a Compliance Certificate is not delivered by the date required by Section 5.01(c),
Pricing Level IV shall be deemed to exist until such time as a Compliance Certificate has been
delivered to the Domestic Administrative Agent:

22

 

	 	 	 
	Pricing Level	 	Leverage Ratio
	I

	 	Less than 1.25 to 1.00
	II

	 	Equal to or greater than 1.25 to 1.00 but less than
1.75 to 1.00
	III

	 	Equal to or greater than 1.75 to 1.00 but less than
2.25 to 1.00
	IV

	 	Equal to or greater than 2.25 to 1.00

          “Prime Rate” means the rate of interest per annum publicly announced from time to
time by JPMCB as its prime rate in effect at its office located at 270 Park Avenue, New York, New
York; each change in the Prime Rate shall be effective from and including the date such change is
publicly announced as being effective.

          “Qualifying French Lender” means (i) a credit institution (établissement de crédit)
licensed for the purpose of carrying out credit transactions (opérations de crédit) by the relevant
French authorities; (ii) a credit institution (établissement de crédit) having its registered
office in a member state of the European Union or in a state which is a party to the treaty on the
European Economic Area, so long as the relevant French authorities have been notified in advance by
the relevant authority of such state and provided that such credit institution carries out in
France only those credit transactions which it is authorized to carry out in its own state; or
(iii) a financial institution (établissement financier) having its registered office in a member
state of the European Union or in a state which is a party to the treaty on the European Economic
Area, which has obtained a certificate from the relevant authority of such state certifying that it
meets the conditions required for that purpose by that authority, so long as the relevant French
authorities have been notified in advance by the relevant authority of such state and provided that
such financial institution carries out in France only those credit transactions which it is
authorized to carry out in its own state.

          “Quotation Day” means, in relation to any period for which an Interest Rate is to be
determined, two TARGET Days before the first day of that period.

          “Reference Banks” means the principal London offices of JPMCB and such other banks as
may be appointed by French Administrative Agent from time to time in consultation with the French
Borrowers.

          “Register” has the meaning set forth in Section 9.04.

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

          “Relevant Interbank Market” means in relation to the euro, the European interbank
market and, in relation to any other currency, the London interbank market.

          “Required Lenders” means, at any time, Lenders having Revolving Credit Exposures,
outstanding Term Loans and unused Commitments representing not less than 51% of the sum of the
total Revolving Credit Exposures, outstanding Term Loans and unused Commitments at such time.

23

 

          “Restricted Payment” means any dividend or other distribution (whether in cash,
securities or other property) with respect to any Equity Interests in the Parent or any Subsidiary,
or any payment (whether in cash, securities or other property), including any sinking fund or
similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or
termination of any such Equity Interests in the Parent or any Subsidiary or any option, warrant or
other right to acquire any such Equity Interests in the Parent or any Subsidiary.

          “Restricted Subsidiary” means, collectively, each Domestic Subsidiary, each French
Subsidiary, each German Subsidiary, each Canadian Subsidiary and each English Subsidiary.

          “Revolver Increase” has the meaning assigned to such term in Section 2.08(d).

          “Revolving Commitment” means, with respect to each Revolving Lender, the commitment of
such Revolving Lender to make Revolving Loans and to acquire participations in Letters of Credit
and Swingline Loans hereunder, expressed as an amount representing the maximum aggregate amount of
such Revolving Lender’s Revolving Credit Exposure hereunder, as such commitment may be (a) reduced
from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant
to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Revolving
Lender’s Revolving Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption
pursuant to which such Revolving Lender shall have assumed its Revolving Commitment, as applicable.
The initial aggregate amount of the Revolving Lenders’ Revolving Commitments is $30,000,000.

          “Revolving Credit Commitment Fee” has the meaning assigned to such term in
Section 2.11(a).

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

          “Revolving
Lenders” means each Person having a Revolving
Commitment as set forth on Schedule 2.01
and any other Person that shall have become a party hereto as a Revolving Lender pursuant to an
Assignment and Assumption or Section 2.08, other than any such Person that ceases to be a party
hereto pursuant to an Assignment and Assumption. Unless the context otherwise requires, the term
“Revolving Lenders” includes the Swingline Lender.

          “Revolving Loan” means a revolving loan made pursuant to Section 2.01(a).

          “S&P” means Standard & Poor’s.

          “Screen Rate” means:

     (a) in relation to LIBOR, the British Bankers’ Association Interest Settlement Rate for
the relevant currency and period; and

24

 

     (b) in relation to EURIBOR, the percentage rate per annum determined by the Banking
Federation of the European Union for the relevant period, displayed on the appropriate page
of the Reuters screen. If the agreed page is replaced or service ceases to be available,
the French Administrative Agent may specify another page or service displaying the
appropriate rate after consultation with the Parent and the Term Lenders.

          “SEC” means the United States Securities and Exchange Commission.

          “Specified Time” means a time determined in accordance with Schedule 1.01.

          “Sponsor Group” means American Capital, Ltd., together with American Capital Equity I,
LLC and American Capital Equity II, LP; and/or their respective Affiliates (including, as
applicable, funds administered or managed by, or under common management with, American Capital,
Ltd. or an Affiliate of American Capital, Ltd.).

          “Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of
which is the number one and the denominator of which is the number one minus the aggregate of the
maximum reserve percentages (including any marginal, special, emergency or supplemental reserves)
expressed as a decimal established by the Board to which the Domestic Administrative Agent is
subject with respect to the Adjusted LIBO Rate, for eurocurrency funding (currently referred to as
“Eurocurrency Liabilities” in Regulation D of the Board). Such reserve percentages shall include
those imposed pursuant to such Regulation D. Eurodollar Loans shall be deemed to constitute
eurocurrency funding and to be subject to such reserve requirements without benefit of or credit
for proration, exemptions or offsets that may be available from time to time to any Lender under
such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted
automatically on and as of the effective date of any change in any reserve percentage.

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

          “Subordinated Indebtedness” of a Person means any Indebtedness of such Person the
payment of which is subordinated to payment of the obligations under the Loan Documents on terms
and conditions reasonably satisfactory to the Domestic Administrative Agent.

          “subsidiary” means, with respect to any Person (the “parent”) at any date, any
corporation, limited liability company, partnership, association or other entity the accounts of
which would be consolidated with those of the parent in the parent’s consolidated financial
statements if such financial statements were prepared in accordance with GAAP as of such date, as
well as any other corporation, limited liability company, partnership, association or other entity
of which securities or other ownership interests representing more than 50% of the equity or more
than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the
general partnership interests are, as of such date, owned, controlled or held. In relation to a
French company, “subsidiary” shall mean an entity of which that company has from time to time
direct or indirect control (as defined in article L.233-3 I and II of the French Code de Commerce).

          “Subsidiary” means any subsidiary of the Parent.

25

 

          “Swap Agreement” means any agreement with respect to any swap, forward, future or
derivative transaction or option or similar agreement involving, or settled by reference to, one or
more rates, currencies, commodities, equity or debt instruments or securities, or economic,
financial or pricing indices or measures of economic, financial or pricing risk or value or any
similar transaction or any combination of these transactions; provided that no phantom
stock or similar plan providing for payments only on account of services provided by current or
former directors, officers, employees or consultants of the Parent or the Subsidiaries shall be a
Swap Agreement.

          “Swingline Exposure” means, at any time, the aggregate principal amount of all
Swingline Loans outstanding at such time. The Swingline Exposure of any Revolving Lender at any
time shall be its Applicable Percentage of the total Swingline Exposure at such time.

          “Swingline Lender” means JPMCB, in its capacity as lender of Swingline Loans
hereunder.

          “Swingline Loan” means a Loan made pursuant to Section 2.04.

          “TARGET2” means Trans-European Automated Real-time Gross Settlement Express Transfer
payment system which utilizes a single shared platform and which was launched on November 19, 2007.

          “TARGET Day” means any day on which TARGET2 is open for the settlement of payments in
euro.

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

          “Term Borrowing” means a Domestic Term Borrowing or a French Term Borrowing.

          “Term Commitment” means, with respect to each Term Lender, such Lender’s Domestic Term
Commitment and such Lender’s French Term Commitment.

          “Term Lenders” means the Domestic Term Lenders and the French Term Lenders.

          “Term Loans” means the Domestic Term Loans and the French Term Loans.

          “Total Indebtedness” means, at any date, the aggregate principal amount of all
Indebtedness of the Parent and its Subsidiaries at such date, determined on a consolidated basis in
accordance with GAAP.

          “Transactions” means the execution, delivery and performance by the Borrowers of this
Agreement, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of
Credit hereunder.

26

 

          “Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of
interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the
Adjusted LIBO Rate, the Alternate Base Rate or EURIBOR.

          “United Kingdom” and “UK” means the United Kingdom of Great Britain and
Northern Ireland.

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

          SECTION 1.02 Classification of Loans and Borrowings. For purposes of this Agreement,
Loans may be classified and referred to by Class (e.g., a “Revolving Loan”) or by Type
(e.g., a “Eurodollar Loan”) or by Class and Type (e.g., a “Eurodollar Revolving
Loan”). Borrowings also may be classified and referred to by Class (e.g., a “Revolving
Borrowing”) or by Type (e.g., a “Eurodollar Borrowing”) or by Class and Type (e.g.,
a “Eurodollar Revolving Borrowing”).

          SECTION 1.03 Terms Generally. The definitions of terms herein shall apply equally to
the singular and plural forms of the terms defined. Whenever the context may require, any pronoun
shall include the corresponding masculine, feminine and neuter forms. The words “include”,
“includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The
word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the
context requires otherwise (a) any definition of or reference to any agreement, instrument or other
document herein shall be construed as referring to such agreement, instrument or other document as
from time to time amended, supplemented or otherwise modified (subject to any restrictions on such
amendments, supplements or modifications set forth herein), (b) any reference herein to any Person
shall be construed to include such Person’s successors and assigns, (c) the words “herein”,
“hereof” and “hereunder”, and words of similar import, shall be construed to refer to this
Agreement in its entirety and not to any particular provision hereof, (d) all references herein to
Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of,
and Exhibits and Schedules to, this Agreement and (e) the words “asset” and “property” shall be
construed to have the same meaning and effect and to refer to any and all tangible and intangible
assets and properties, including cash, securities, accounts and contract rights.

          SECTION 1.04 Accounting Terms; GAAP. Except as otherwise expressly provided herein,
all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in
effect from time to time; provided that, if any Borrower notifies the Domestic
Administrative Agent that such Borrower requests an amendment to any provision hereof to eliminate
the effect of any change occurring after the date hereof in GAAP or in the application thereof on
the operation of such provision (or if the Domestic Administrative Agent notifies any Borrower that
the Required Lenders request an amendment to any provision hereof for such purpose), regardless of
whether any such notice is given before or after such change in GAAP or in the application thereof,
then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately
before such change shall have become effective until such notice shall have been withdrawn or such
provision amended in accordance herewith.

27

 

          SECTION 1.05 Currency Translations.

          (a) For purposes of this Agreement and the other Loan Documents, where the permissibility of a
transaction or determinations of required actions or circumstances depend upon compliance with, or
are determined by reference to, amounts stated in dollars, such amounts shall be deemed to refer to
dollars or Dollar Equivalents and any requisite currency translation shall be based on the Exchange
Rate and the permissibility of actions taken under Article VI shall not be affected by subsequent
fluctuations in exchange rates; provided that, if Indebtedness is incurred to refinance or
renew other Indebtedness, and such refinancing or renewal would cause the applicable dollar
denominated limitation to be exceeded if calculated at the Exchange Rate, such dollar denominated
limitation shall be deemed not to have been exceeded so long as (i) such refinancing or renewal
Indebtedness is denominated in the same currency as such Indebtedness being refinanced or renewed
and (ii) the principal amount of such refinancing or renewal Indebtedness does not exceed the
principal amount of such Indebtedness being refinanced or renewed except as permitted under
Section 6.01.

          (b) For purposes of all calculations and determinations under this Agreement, any amount in
any currency other than dollars shall be deemed to refer to dollars or Dollar Equivalents and any
requisite currency translation shall be based on the Exchange Rate, and all certificates delivered
under this Agreement shall express such calculations or determinations in dollars or Dollar
Equivalents.

ARTICLE II

THE CREDITS

          SECTION 2.01 Commitments. Subject to the terms and conditions set forth herein,
(a) each Revolving Lender agrees to make Revolving Loans to the Parent from time to time during the
Availability Period in an aggregate principal amount that will not result in (i) such Revolving
Lender’s Revolving Credit Exposure exceeding such Revolving Lender’s Revolving Commitment, (ii) the
sum of the aggregate Revolving Credit Exposures exceeding the aggregate Revolving Commitments or
(iii) the Dollar Equivalent of all Revolving Loans denominated in Alternative Currencies exceeding
the Alternative Currency Sublimit, (b) each Domestic Term Lender agrees to make Domestic Term Loans
on the Effective Date to the Parent in an amount equal to such Domestic Term Lender’s Domestic Term
Commitment and (c) each French Term Lender agrees to make French Term Loans on the Effective Date
to the French Borrowers in an amount equal to such French Term Lender’s French Term Commitment.
Within the foregoing limits and subject to the terms and conditions set forth herein, Parent may
borrow, prepay and reborrow Revolving Loans.

          SECTION 2.02 Loans and Borrowings. (a) Each Revolving Loan shall be made as part of
a Borrowing consisting of Revolving Loans made by the Revolving Lenders ratably in accordance with
their respective Revolving Commitments. The Term Loans shall be made on the Effective Date as part
of Borrowings consisting of Loans made by (i) the Domestic Term Lenders ratably in accordance with
their respective Domestic Term Commitments and (ii) the French Term Lenders ratably in accordance
with their respective French Term Commitments. The failure of any Lender to make any Loan required
to be made by it shall not relieve any other

28

 

Lender of its obligations hereunder; provided that the Commitments of the Lenders are
several and no Lender shall be responsible for any other Lender’s failure to make Loans as
required.

          (b) Subject to Section 2.13, (i) each Revolving Borrowing and Domestic Term Borrowing shall be
comprised entirely of ABR Loans (which shall be denominated in dollars) or Eurodollar Loans as the
Parent may request in accordance herewith and (ii) each French Term Borrowing shall be comprised
entirely of Eurodollar Loans (which shall be denominated in euro) as the applicable French Borrower
may request in accordance herewith. Each Swingline Loan shall be an ABR Loan. Each Lender at its
option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such
Lender to make such Loan; provided that any exercise of such option shall not affect the
obligation of the applicable Borrower to repay such Loan in accordance with the terms of this
Agreement.

          (c) At the commencement of each Interest Period for any Eurodollar Revolving Borrowing, such
Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 (or in units
of 1,000,000 in the case of any Borrowing in an Alternative Currency) and not less than $1,000,000
(or in units of 1,000,000 in the case of any Borrowing in an Alternative Currency). At the time
that each ABR Revolving Borrowing is made, such Borrowing shall be in an aggregate amount that is
an integral multiple of $500,000 and not less than $500,000; provided that an ABR Revolving
Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total
Revolving Commitments or that is required to finance the reimbursement of an LC Disbursement as
contemplated by Section 2.05(e). Each Swingline Loan shall be in an amount that is an integral
multiple of $50,000 and not less than $250,000. ABR Loans shall be denominated only in dollars.
Borrowings of more than one Type and Class may be outstanding at the same time; provided that there
shall not at any time be more than a total of ten Eurodollar Revolving Borrowings outstanding.

          (d) Notwithstanding any other provision of this Agreement, the Borrowers shall not be entitled
to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with
respect thereto would end more than one month after the Maturity Date.

          SECTION 2.03 Requests for Borrowings. To request a Revolving Borrowing or a Domestic
Term Borrowing, the applicable Borrower shall notify the Domestic Administrative Agent of such
request by telephone (a) in the case of a Eurodollar Borrowing, not later than the Specified Time
three Business Days before the date of the proposed Borrowing, or (b) in the case of an ABR
Borrowing, the Specified Time one Business Day before the date of the proposed Borrowing; provided
that any such notice of an ABR Revolving Borrowing to finance the reimbursement of an LC
Disbursement as contemplated by Section 2.05(e) may be given not later than the Specified Time on
the date of the proposed Borrowing. Each such telephonic Borrowing Request shall be irrevocable
and shall be confirmed promptly by hand delivery or telecopy to the Domestic Administrative Agent
of a written Borrowing Request in a form approved by such Administrative Agent and signed by the
applicable Borrower. To request a French Term Borrowing, the applicable Borrower shall notify the
French Administrative Agent of such request by hand delivery or telecopy to the French
Administrative Agent of a written Borrowing Request in a form approved by the French Administrative
Agent and signed by the applicable Borrower not later than the Specified Time three Business Days
before the date of the

29

 

proposed Borrowing. Each such telephonic and written Borrowing Request shall specify the
following information in compliance with Section 2.02:

          (i) the aggregate amount of the requested Borrowing;

          (ii) the date of such Borrowing, which shall be a Business Day;

          (iii) whether such Borrowing is to be an ABR Borrowing or a Eurodollar
Borrowing;

          (iv) in the case of a Eurodollar Borrowing, the initial Interest Period to be
applicable thereto, which shall be a period contemplated by the definition of the
term “Interest Period”;

          (v) the location and number of the applicable Borrower’s account to which funds
are to be disbursed, which shall comply with the requirements of Section 2.06;

          (vi) the identity of the applicable Borrower;

          (vii) in the case of a Borrowing to be made on the Effective Date, whether such
Borrowing is a Revolving Borrowing or a Term Borrowing; and

          (viii) in the case of a Revolving Borrowing denominated in an Alternative
Currency, the Currency of the requested Borrowing.

If no election as to the Type of Borrowing is specified, then the requested Borrowing shall be an
ABR Borrowing (if denominated in dollars) or a Eurodollar Borrowing (if denominated in an
Alternative Currency). If no election as to the Currency of a Revolving Borrowing is specified,
then the requested Revolving Borrowing shall be denominated in dollars. If no Interest Period is
specified with respect to any requested Eurodollar Borrowing, then the applicable Borrower shall be
deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of
a Borrowing Request in accordance with this Section, the applicable Administrative Agent shall
advise each applicable Lender of the details thereof and of the amount of such Lender’s Loan to be
made as part of the requested Borrowing.

          SECTION 2.04 Swingline Loans. (a) Subject to the terms and conditions set forth
herein, the Swingline Lender agrees to make Swingline Loans in dollars to the Parent from time to
time during the Availability Period, in an aggregate principal amount at any time outstanding that
will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding
$5,000,000 or (ii) the sum of the total Revolving Credit Exposures exceeding the total Revolving
Commitments; provided that the Swingline Lender shall not be required to make a Swingline Loan to
refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and
conditions set forth herein, the Parent may borrow, prepay and reborrow Swingline Loans.

          (b) To request a Swingline Loan, the Parent shall notify the Domestic Administrative Agent of
such request by telephone (confirmed by telecopy), by not later than the

30

 

Specified Time on the day of a proposed Swingline Loan. Each such notice shall be irrevocable
and shall specify the requested date (which shall be a Business Day) and amount of the requested
Swingline Loan. The Domestic Administrative Agent will promptly advise the Swingline Lender of any
such notice received from the Parent. The Swingline Lender shall make each Swingline Loan
available to the Parent by means of a credit to the general deposit account of the Parent with the
Swingline Lender (or, in the case of a Swingline Loan made to finance the reimbursement of an LC
Disbursement as provided in Section 2.05(e), by remittance to the Issuing Bank) by the Specified
Time on the requested date of such Swingline Loan.

          (c) The Swingline Lender may by written notice given to the Domestic Administrative Agent not
later than the Specified Time on any Business Day require the Revolving Lenders to acquire
participations on such Business Day in all or a portion of the Swingline Loans outstanding. Such
notice shall specify the aggregate amount of Swingline Loans in which Revolving Lenders will
participate. Promptly upon receipt of such notice, the Domestic Administrative Agent will give
notice thereof to each Revolving Lender, specifying in such notice such Revolving Lender’s
Applicable Percentage of such Swingline Loan or Loans. Each Revolving Lender hereby absolutely and
unconditionally agrees, upon receipt of notice as provided above, to pay to the Domestic
Administrative Agent, for the account of the Swingline Lender, such Revolving Lender’s Applicable
Percentage of such Swingline Loan or Loans. Each Revolving Lender acknowledges and agrees that its
obligation to acquire participations in Swingline Loans pursuant to this paragraph is absolute and
unconditional and shall not be affected by any circumstance whatsoever, including the occurrence
and continuance of a Default or reduction or termination of the Commitments, and that each such
payment shall be made without any offset, abatement, withholding or reduction whatsoever. Each
Revolving Lender shall comply with its obligation under this paragraph by wire transfer of
immediately available funds, in the same manner as provided in Section 2.06 with respect to
Revolving Loans made by such Lender (and Section 2.06 shall apply, mutatis
mutandis, to the payment obligations of the Revolving Lenders), and the Domestic
Administrative Agent shall promptly pay to the Swingline Lender the amounts so received by it from
the Revolving Lenders. The Domestic Administrative Agent shall notify the Parent of any
participations in any Swingline Loan acquired pursuant to this paragraph, and thereafter payments
in respect of such Swingline Loan shall be made to the Domestic Administrative Agent and not to the
Swingline Lender. Any amounts received by the Swingline Lender from the Parent in respect of a
Swingline Loan after receipt by the Swingline Lender of the proceeds of a sale of participations
therein shall be promptly remitted to the Domestic Administrative Agent; any such amounts received
by the Domestic Administrative Agent shall be promptly remitted by the Domestic Administrative
Agent to the Revolving Lenders that shall have made their payments pursuant to this paragraph and
to the Swingline Lender, as their interests may appear; provided that any such payment so
remitted shall be repaid to the Swingline Lender or to the Domestic Administrative Agent, as
applicable, if and to the extent such payment is required to be refunded to a Borrower for any
reason. The purchase of participations in a Swingline Loan pursuant to this paragraph shall not
relieve the Parent of any default in the payment thereof.

          SECTION 2.05 Letters of Credit. (a) General. Subject to the terms and
conditions set forth herein, the Parent may request the issuance of Letters of Credit for its own
account or the account of any of its Subsidiaries, in a form reasonably acceptable to the Domestic
Administrative Agent and the Issuing Bank, at any time and from time to time during

31

 

the Availability Period. In the event of any inconsistency between the terms and conditions
of this Agreement and the terms and conditions of any form of letter of credit application or other
agreement submitted by the Parent, or entered into by the Parent, the Issuing Bank relating to any
Letter of Credit, the terms and conditions of this Agreement shall control.

          (b) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request
the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter
of Credit), the Parent shall hand deliver or telecopy (or transmit by electronic communication, if
arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the
Domestic Administrative Agent (reasonably in advance of the requested date of issuance, amendment,
renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the
Letter of Credit to be amended, renewed or extended, and specifying the date of issuance,
amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of
Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such
Letter of Credit, the currency of such amount (which shall be in dollars or an Alternative
Currency), the name and address of the beneficiary thereof and such other information as shall be
necessary to prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing
Bank, the Parent also shall submit a letter of credit application on the Issuing Bank’s standard
form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued,
amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each
Letter of Credit the Parent shall be deemed to represent and warrant that), after giving effect to
such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $15,000,000 and
(ii) the sum of the total Revolving Credit Exposures shall not exceed the total Revolving
Commitments.

          (c) Expiration Date. (i) Each Letter of Credit shall expire at or prior to the close
of business on the earlier of (A) the date one year after the date of the issuance of such Letter
of Credit (or, in the case of any renewal or extension thereof, one year after such renewal or
extension) and (B) the date that is five Business Days prior to the Maturity Date, subject to
subclause (ii) below.

     (ii) If the Parent so requests in any applicable letter of credit application,
the Issuing Bank may, in its sole and absolute discretion, agree to issue a Letter
of Credit that has automatic renewal provisions (each, an “Auto-Renewal Letter
of Credit”); provided further that any such Auto-Renewal Letter of
Credit must permit the Issuing Bank to prevent any such renewal at least once in
each twelve month period (commencing with the date of issuance of such Letter of
Credit) by giving prior notice to the beneficiary thereof not later than a day (the
“Nonrenewal Notice Date”) in each such twelve month period to be agreed upon
at the time such Letter of Credit is issued. Unless otherwise directed by the
Issuing Bank, the Parent shall not be required to make a specific request to the
Issuing Bank for any such renewal. Once an Auto-Renewal Letter of Credit has been
issued, the Lenders shall be deemed to have authorized (but may not require) the
Issuing Bank to permit the renewal of such Letter of Credit at any time to an expiry
date not later than the date that is five Business Days prior to the Maturity Date;
provided that the Issuing Bank shall not permit any such renewal if (A) the
Issuing Bank has determined that it would have no obligation at such

32

 

time to issue such Letter of Credit in its renewed form under the terms hereof,
or (B) it has received notice (which may be by telephone or in writing) on or before
the day that is five Business Days before the Nonrenewal Notice Date (1) from the
Administrative Agents that the Required Lenders have elected not to permit such
renewal or (2) from the Administrative Agents, any Revolving Lender or any Borrower
that one or more of the applicable conditions specified in Section 4.02 is not then
satisfied.

          (d) Participations.

     (i) By the issuance of a Letter of Credit (or an amendment to a Letter of
Credit increasing the amount thereof) and without any further action on the part of
the Issuing Bank or the Revolving Lenders, the Issuing Bank hereby grants to each
Revolving Lender, and each Revolving Lender hereby acquires from the Issuing Bank, a
participation in such Letter of Credit equal to such Revolving Lender’s Applicable
Percentage of the aggregate amount available to be drawn under such Letter of
Credit. In consideration and in furtherance of the foregoing, each Revolving Lender
hereby absolutely and unconditionally agrees to pay to the Domestic Administrative
Agent, for the account of the Issuing Bank, such Revolving Lender’s Applicable
Percentage of each LC Disbursement made by the Issuing Bank and not reimbursed by
the Parent on the date due as provided in paragraph (e) of this Section, or of any
reimbursement payment required to be refunded to the Parent for any reason. Each
Revolving Lender acknowledges and agrees that its obligation to acquire
participations pursuant to this paragraph in respect of Letters of Credit is
absolute and unconditional and shall not be affected by any circumstance whatsoever,
including any amendment, renewal or extension of any Letter of Credit or the
occurrence and continuance of a Default or reduction or termination of the Revolving
Commitments, and that each such payment shall be made without any offset, abatement,
withholding or reduction whatsoever.

     (ii) On the Effective Date, without further action by any party hereto, each
Issuing Bank that has issued an Existing Letter of Credit shall be deemed to have
granted to each Revolving Lender, and each Revolving Lender shall be deemed to have
acquired from such Issuing Bank, a participation in such Existing Letter of Credit
in an amount equal to its Applicable Percentage of the maximum amount that is or at
any time may become available to be drawn thereunder. Such participations shall be
on all the same terms and conditions as participations granted in Letters of Credit
under Section 2.05(d)(ii).

          (e) Reimbursement. If the Issuing Bank shall make any LC Disbursement in respect of a
Letter of Credit, the Parent shall reimburse such LC Disbursement by paying to the Domestic
Administrative Agent an amount equal to such LC Disbursement not later than 12:00 noon, New York
City time, on the date that such LC Disbursement is made, if the Parent shall have received notice
of such LC Disbursement prior to 10:00 a.m., New York City time, on such date, or, if such notice
has not been received by the Parent prior to such time on such date, then not later than 12:00
noon, New York City time, on (i) the Business Day that the Parent receives

33

 

such notice, if such notice is received prior to 10:00 a.m., New York City time, on the day of
receipt, or (ii) the Business Day immediately following the day that the Parent receives such
notice, if such notice is not received prior to such time on the day of receipt; provided
that, if such LC Disbursement is not less than $250,000, the Parent may, subject to the conditions
to borrowing set forth herein, request in accordance with Section 2.03 or 2.04 that such payment be
financed with an ABR Revolving Borrowing or Swingline Loan in an equivalent amount and, to the
extent so financed, the Borrower’s obligation to make such payment shall be discharged and replaced
by the resulting ABR Revolving Borrowing or Swingline Loan. If the Parent fails to make such
payment when due, the Domestic Administrative Agent shall notify each Revolving Lender of the
applicable LC Disbursement, the payment then due from the Parent in respect thereof and such
Revolving Lender’s Applicable Percentage thereof. Promptly following receipt of such notice, each
Revolving Lender shall pay to the Domestic Administrative Agent its Applicable Percentage of the
payment then due from the Parent, in the same manner as provided in Section 2.06 with respect to
Loans made by such Revolving Lender (and Section 2.06 shall apply, mutatis
mutandis, to the payment obligations of the Lenders), and the Domestic Administrative Agent
shall promptly pay to the Issuing Bank the amounts so received by it from the Revolving Lenders.
Promptly following receipt by the Domestic Administrative Agent of any payment from the Parent
pursuant to this paragraph, the Domestic Administrative Agent shall distribute such payment to the
Issuing Bank or, to the extent that Revolving Lenders have made payments pursuant to this paragraph
to reimburse the Issuing Bank, then to such Revolving Lenders and the Issuing Bank as their
interests may appear. Any payment made by a Revolving Lender pursuant to this paragraph to
reimburse the Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans
or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve the
Parent of its obligation to reimburse such LC Disbursement.

          (f) Obligations Absolute. The Parent’s obligation to reimburse LC Disbursements drawn
under a Letter of Credit requested by the Parent as provided in paragraph (e) of this Section 2.05
shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance
with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i)
any lack of validity or enforceability of any Letter of Credit or this Agreement, or any term or
provision therein, (ii) any draft or other document presented under a Letter of Credit proving to
be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate
in any respect, (iii) payment by the Issuing Bank under a Letter of Credit against presentation of
a draft or other document that does not comply with the terms of such Letter of Credit, or (iv) any
other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might,
but for the provisions of this Section 2.05, constitute a legal or equitable discharge of, or
provide a right of setoff against, the Parent’s obligations hereunder. None of the Domestic
Administrative Agent, the Revolving Lenders nor the Issuing Bank, nor any of their Related Parties,
shall have any liability or responsibility by reason of or in connection with the issuance or
transfer of any Letter of Credit or any payment or failure to make any payment thereunder
(irrespective of any of the circumstances referred to in the preceding sentence), or any error,
omission, interruption, loss or delay in transmission or delivery of any draft, notice or other
communication under or relating to any Letter of Credit (including any document required to make a
drawing thereunder), any error in interpretation of technical terms or any consequence arising from
causes beyond the control of the Issuing Bank; provided that the foregoing shall not be
construed to excuse the Issuing Bank from liability to the

34

 

Parent to the extent of any direct damages (as opposed to consequential damages, claims in
respect of which are hereby waived by the Parent to the extent permitted by applicable law)
suffered by the Parent that are caused by the Issuing Bank’s failure to exercise care when
determining whether drafts and other documents presented under a Letter of Credit comply with the
terms thereof. The parties hereto expressly agree that, in the absence of gross negligence or
wilful misconduct on the part of the Issuing Bank (as finally determined by a court of competent
jurisdiction), the Issuing Bank shall be deemed to have exercised care in each such determination.
In furtherance of the foregoing and without limiting the generality thereof, the parties agree
that, with respect to documents presented which appear on their face to be in substantial
compliance with the terms of a Letter of Credit, the Issuing Bank may, in its sole discretion,
either accept and make payment upon such documents without responsibility for further
investigation, regardless of any notice or information to the contrary, or refuse to accept and
make payment upon such documents if such documents are not in strict compliance with the terms of
such Letter of Credit.

          (g) Disbursement Procedures. The Issuing Bank shall, promptly following its receipt
thereof, examine all documents purporting to represent a demand for payment under a Letter of
Credit. The Issuing Bank shall promptly notify the Domestic Administrative Agent and the Parent by
telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Bank has made
or will make an LC Disbursement thereunder; provided that any failure to give or delay in
giving such notice shall not relieve the Parent of its obligation to reimburse the Issuing Bank and
the Revolving Lenders with respect to any such LC Disbursement.

          (h) Interim Interest. If the Issuing Bank shall make any LC Disbursement, then,
unless the Parent shall reimburse such LC Disbursement in full on the date such LC Disbursement is
made, the unpaid amount thereof shall bear interest, for each day from and including the date such
LC Disbursement is made to but excluding the date that the Parent reimburses such LC Disbursement,
at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Parent
fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section 2.05,
then Section 2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the
account of the Issuing Bank, except that interest accrued on and after the date of payment by any
Lender pursuant to paragraph (e) of this Section 2.05 to reimburse the Issuing Bank shall be for
the account of such Lender to the extent of such payment.

          (i) Replacement of the Issuing Bank. The Issuing Bank may be replaced at any time by
written agreement among the Parent, the Domestic Administrative Agent, the replaced Issuing Bank
and the successor Issuing Bank. The Domestic Administrative Agent shall notify the Revolving
Lenders of any such replacement of the Issuing Bank. At the time any such replacement shall become
effective, the Parent shall pay all unpaid fees accrued for the account of the replaced Issuing
Bank pursuant to Section 2.11(b). From and after the effective date of any such replacement, (i)
the successor Issuing Bank shall have all the rights and obligations of the Issuing Bank under this
Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to
the term “Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Bank,
or to such successor and all previous Issuing Banks, as the context shall require. After the
replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and
shall continue to have all the rights and

35

 

obligations of an Issuing Bank under this Agreement with respect to Letters of Credit issued
by it prior to such replacement, but shall not be required to issue additional Letters of Credit.

          (j) Cash Collateralization. If any Event of Default shall occur and be continuing, on
the Business Day that the Parent receives notice from the Domestic Administrative Agent or the
Required Lenders (or, if the maturity of the Loans has been accelerated, Revolving Lenders with LC
Exposure representing greater than 51% of the total LC Exposure) demanding the deposit of cash
collateral pursuant to this paragraph, Parent shall deposit in a separate account with the Domestic
Administrative Agent, in the name of the Domestic Administrative Agent and for the benefit of the
Revolving Lenders, an amount in cash equal to the LC Exposure as of such date plus any accrued and
unpaid interest thereon; provided that the obligation to deposit such cash collateral shall
become effective immediately, and such deposit shall become immediately due and payable, without
demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the
Borrowers described in clause (i) or (j) of Article VII. Such deposit shall be held by the
Domestic Administrative Agent as collateral for the payment and performance of the obligations of
the Parent under this Agreement. The Domestic Administrative Agent shall have exclusive dominion
and control, including the exclusive right of withdrawal, over such account. Other than any
interest earned on the investment of such deposits, which investments shall be made at the sole
discretion of the Domestic Administrative Agent and at the risk and expense of the Parent, such
deposits shall not bear interest. Interest or profits, if any, on such investments shall
accumulate in such accounts. Moneys in such accounts shall be applied by the Domestic
Administrative Agent to reimburse the Issuing Bank for LC Disbursements of the Parent for which it
has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of
the reimbursement obligations of the LC Exposure at such time or, if the maturity of the Loans has
been accelerated (but subject to the consent of Revolving Lenders with LC Exposure representing
greater than 51% of the total LC Exposure), be applied to satisfy other obligations of the
Borrowers under this Agreement. If the Parent is required to provide an amount of cash collateral
hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not
applied as aforesaid) shall be returned to the Parent within three Business Days after all Events
of Default have been cured or waived.

          SECTION 2.06 Funding of Borrowings. (a) Each Lender shall make each Loan to be made
by it hereunder on the proposed date thereof by wire transfer of immediately available funds to the
account of the applicable Administrative Agent or an Affiliate thereof most recently designated by
it for such purpose (and with respect to the applicable Currency) by notice to the Lenders, by the
Specified Time; provided that Swingline Loans shall be made as provided in Section 2.04.
The Domestic Administrative Agent will make Revolving Loans available to the Parent by promptly
crediting the amounts so received, in like funds, to an account of the Parent maintained with the
Domestic Administrative Agent in New York City and designated by the Parent in the applicable
Borrowing Request (or, in the case of any Loan with respect to which the Parent shall have
requested funding in an Alternative Currency, to such account in such jurisdiction as the Parent
shall have designated in the applicable Borrowing Request); provided that ABR Revolving
Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(e) shall
be remitted by the Domestic Administrative Agent to the Issuing Bank. The Domestic Administrative
Agent will make the Domestic Term Loans available to the Parent by wire transfer of the amounts so
received, in like funds, to such

36

 

accounts, as the Parent shall have designated in the applicable Borrowing Request. The French
Administrative Agent will make the French Term Loans available to the applicable French Borrower by
wire transfer of the amounts so received, in like funds, to such accounts, as such French Borrower
shall have designated in the applicable Borrowing Request.

          (b) Unless an Administrative Agent shall have received notice from a Lender prior to the
proposed date of any Borrowing that such Lender will not make available to such Administrative
Agent such Lender’s share of such Borrowing, such Administrative Agent may assume that such Lender
has made such share available on such date in accordance with paragraph (a) of this Section 2.06
and may, in reliance upon such assumption, make available to the applicable Borrower a
corresponding amount. In such event, if a Lender has not in fact made its share of the applicable
Borrowing available to the applicable Administrative Agent, then the applicable Lender and the
applicable Borrower severally agree to pay to such Administrative Agent forthwith on demand such
corresponding amount with interest thereon, for each day from and including the date such amount is
made available to such Borrower to but excluding the date of payment to such Administrative Agent,
at (i) in the case of such Lender, the Overnight Rate or (ii) in the case of a Borrower, the
interest rate applicable to ABR Loans. If such Lender pays such amount to an Administrative Agent,
then such amount shall constitute such Lender’s Loan included in such Borrowing.

          SECTION 2.07 Interest Elections. (a) Each Revolving Borrowing and Term Borrowing
initially shall be of the Type (and in the case of a Eurodollar Revolving Borrowing, the Currency)
specified in the applicable Borrowing Request and, in the case of a Eurodollar Borrowing, shall
have an initial Interest Period as specified in such Borrowing Request. Thereafter, the applicable
Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and,
in the case of a Eurodollar Borrowing, may elect Interest Periods (or, in the case of a Eurodollar
Revolving Borrowing, Currencies therefor), all as provided in this Section 2.07. Eurodollar Loans
denominated in Alternative Currencies may not be converted to Loans of a different Type. The
Borrowers may elect different options with respect to different portions of the affected Borrowing,
in which case each such portion shall be allocated ratably among the Lenders holding the Loans
comprising such Borrowing, and the Loans comprising each such portion shall be considered a
separate Borrowing. This Section 2.07 shall not apply to Swingline Borrowings, which may not be
converted or continued.

          (b) To make an election pursuant to this Section, the applicable Borrower shall notify the
applicable Administrative Agent of such election by telephone by the time that a Borrowing Request
would be required under Section 2.03 if the applicable Borrower were requesting a Borrowing of the
Type resulting from such election to be made on the effective date of such election. Each such
telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand
delivery or telecopy to the applicable Administrative Agent of a written Interest Election Request
in a form approved by such Administrative Agent and signed by the applicable Borrower.

          (c) Each telephonic and written Interest Election Request shall specify the following
information in compliance with Section 2.02:

37

 

     (i) the Borrowing to which such Interest Election Request applies and, if
different options are being elected with respect to different portions thereof, the
portions thereof to be allocated to each resulting Borrowing (in which case the
information to be specified pursuant to clauses (iii) and (iv) below shall be
specified for each resulting Borrowing);

     (ii) the effective date of the election made pursuant to such Interest Election
Request, which shall be a Business Day;

     (iii) in the case of such continuation or conversion of a Revolving Borrowing,
whether the resulting Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing;

     (iv) if the resulting Borrowing is a Eurodollar Borrowing, the Interest Period
to be applicable thereto after giving effect to such election, which shall be a
period contemplated by the definition of the term “Interest Period”; and

     (v) if the resulting Borrowing is a Eurodollar Revolving Borrowing, the
Currency of the resulting Borrowing.

          If any such Interest Election Request requests a Eurodollar Borrowing but does not specify (x)
an Interest Period, then the applicable Borrower shall be deemed to have selected an Interest
Period of one month’s duration or (y) in the case of a Eurodollar Revolving Borrowing, a Currency,
then the applicable Borrower shall be deemed to have selected a Borrowing denominated in dollars
(in the case of an initial Eurocurrency Borrowing) or the same Currency as the Eurocurrency
Revolving Borrowing being continued.

          (d) Promptly following receipt of an Interest Election Request, the applicable Administrative
Agent shall advise each Lender of the details thereof and of such Lender’s portion of each
resulting Borrowing.

          (e) If the Parent fails to deliver a timely Interest Election Request with respect to a
Eurodollar Revolving Borrowing prior to the end of the Interest Period applicable thereto, then,
unless such Borrowing is repaid as provided herein, at the end of such Interest Period such
Borrowing (i) if denominated in dollars shall be converted to an ABR Borrowing and (ii) if
denominated in an Alternative Currency shall be converted to a one month Interest Period
denominated in the same Currency as the Eurocurrency Borrowing being continued. Notwithstanding
any contrary provision hereof, if an Event of Default has occurred and is continuing and the
Domestic Administrative Agent, at the request of the Required Lenders, so notifies the applicable
Borrower, then, so long as an Event of Default is continuing (i) no outstanding Revolving Borrowing
may be converted to or continued as a Eurodollar Borrowing and (ii) unless repaid, each Eurodollar
Revolving Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period
applicable thereto.

          SECTION 2.08 Termination, Reduction and Increase of Commitments. (a) The Term
Commitments shall terminate on the Effective Date and, unless previously terminated, the Revolving
Commitments shall terminate on the Maturity Date.

38

 

          (b) The Parent may at any time terminate, or from time to time reduce, the Revolving
Commitments; provided that (i) each reduction of the Revolving Commitments shall be in an
amount that is an integral multiple of $5,000,000 and not less than $5,000,000 and (ii) Parent
shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment
of the Revolving Loans in accordance with Section 2.10, the Revolving Credit Exposures would exceed
the total Revolving Commitments.

          (c) The Parent shall notify the Domestic Administrative Agent of any election to terminate or
reduce the Revolving Commitments under paragraph (b) of this Section 2.08 at least three Business
Days prior to the effective date of such termination or reduction, specifying such election and the
effective date thereof. Promptly following receipt of any notice, the Domestic Administrative
Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Parent
pursuant to this Section shall be irrevocable; provided that a notice of termination of the
Revolving Commitments delivered by the Parent may state that such notice is conditioned upon the
effectiveness of other credit facilities, in which case such notice may be revoked by the Parent
(by notice to the Domestic Administrative Agent on or prior to the specified effective date) if
such condition is not satisfied. Any termination or reduction of the Revolving Commitments shall
be permanent. Each reduction of the Revolving Commitments shall be made ratably among the Lenders
in accordance with their respective Revolving Commitments.

          (d) The Parent may at any time, by written notice to the Domestic Administrative Agent,
request that the Domestic Administrative Agent increase the total Revolving Commitments (a
“Revolver Increase”) by (i) adding one or more new lenders to the revolving credit facility
under this Agreement (each a “New Lender”) who wish to participate in such Revolver
Increase and/or (ii) increasing the Revolving Commitments of one or more Revolving Lenders party to
this Agreement who wish to participate in such Revolver Increase; provided, however, that (w) no
Default or Event of Default shall have occurred and be continuing as of the date of such request or
as of the effective date of such Revolver Increase (the “Increase Date”) or shall occur as
a result thereof, (x) any New Lender that becomes party to this Agreement pursuant to this
Section 2.08(d) shall satisfy the requirements of Section 9.04(b) hereof and shall be acceptable to
the Domestic Administrative Agent and consented to by the Parent and (y) the other conditions set
forth in Section 2.08(e) below are satisfied. The Domestic Administrative Agent shall use
commercially reasonable efforts to arrange for the syndication of any Revolver Increase. The
Domestic Administrative Agent shall promptly inform the Lenders of any such request made by the
Parent. The aggregate amount of Revolver Increases shall not exceed $25,000,000 and no single such
Revolver Increase shall be for an amount less than $5,000,000.

          (e) On each Increase Date, (i) each New Lender that has chosen to participate in such Revolver
Increase shall, subject to the conditions set forth in Section 2.08(d) hereof, become a Lender
party to this Agreement as of such Increase Date and shall have a Revolving Commitment in an amount
equal to its share of the Revolver Increase and (ii) each Revolving Lender that has chosen to
increase its Revolving Commitment pursuant to Section 2.08(d) will have its Revolving Commitment
increased by the amount of its share of the Revolver Increase as of such Increase Date;
provided, however, that the Domestic Administrative Agent shall have (y) received
from the Parent all out-of-pocket costs and expenses incurred by the Domestic

39

 

Administrative Agent in connection with such Revolver Increase and (z) received on or before
such Increase Date the following, each dated such date:

     (i) certified copies of resolutions of the governing body of each Loan Party
approving the Revolver Increase and the corresponding modifications, if any, to the
Loan Documents required under subclause (vi) below, together with a certificate of
the Parent certifying that there have been no changes to the constitutive documents
of the Parent since the Effective Date, or if there have been changes, copies
certified by the Parent of all such changes;

     (ii) an Assignment and Assumption from each New Lender participating in the
Revolver Increase, if any, duly executed by such New Lender, the Domestic
Administrative Agent and the Parent;

     (iii) confirmation from each Revolving Lender participating in the Revolver
Increase of the increase in the amount of its Revolving Commitment, in form and
substance satisfactory to the Domestic Administrative Agent;

     (iv) a certificate of the Parent certifying that no Default or Event of Default
shall have occurred and be continuing or shall occur as a result of such Revolver
Increase;

     (v) a certificate of the Parent certifying that the representations and
warranties made by the Parent herein and in the other Loan Documents are true and
complete in all material respects with the same force and effect as if made on and
as of such date (or, to the extent any such representation or warranty specifically
relates to an earlier date, such representation or warranty is true and complete in
all material respects as of such earlier date); and

     (vi) supplements or modifications to the Loan Documents and such additional
Loan Documents, including any new promissory notes to New Lenders and replacement
promissory notes to Revolving Lenders that agree to participate in such Revolver
Increase and request such promissory notes, that the Domestic Administrative Agent
reasonably deems necessary in order to document such Revolver Increase and otherwise
assure and give effect to the rights of the Domestic Administrative Agent and the
Revolving Lenders in the Loan Documents.

          (f) On each Increase Date, upon fulfillment of the conditions set forth in Section 2.08(d),
the Domestic Administrative Agent shall (i) effect a settlement of all outstanding Loans among the
Revolving Lenders that will reflect the adjustments to the Revolving Commitments of the Lenders as
a result of the Revolver Increase, including reflecting that each Lender holds its Applicable
Percentage of the Revolving Loans outstanding that are denominated in each Currency and (ii) notify
the Revolving Lenders, any New Lenders participating in the Revolver Increase and the Borrowers, on
or before the Specified Time, by telecopier or telex, of the occurrence of the Revolver Increase to
be effected on such Increase Date.

40

 

          SECTION 2.09 Repayment of Loans; Evidence of Debt.

          (a) (i) The Parent hereby unconditionally promises to pay to the Domestic Administrative
Agent for the account of each Revolving Lender the then unpaid principal amount of each Revolving
Loan made to the Parent by such Revolving Lender on the Maturity Date and (ii) the Parent hereby
unconditionally promises to pay to the Swingline Lender the then unpaid principal amount of each
Swingline Loan on the earlier of the Maturity Date and the first date after such Swingline Loan is
made that is the 15th or last day of a calendar month and is at least two Business Days after such
Swingline Loan is made; provided that on each date that a Revolving Borrowing is made to
the Parent, the Parent shall repay all Swingline Loans then outstanding. The Parent hereby
unconditionally promises to pay to the Domestic Administrative Agent for the account of each
Domestic Term Lender the Domestic Term Loans on the first Business Day of the month following each
date set forth below in the aggregate principal amount set forth opposite such date (as adjusted
from time to time pursuant to Section 2.10(c)):

	 	 	 	 	 
	Date	 	Amount
	June 30, 2010
	 	$	1,312,500	 
	September 30, 2010
	 	$	1,312,500	 
	December 31, 2010
	 	$	1,312,500	 
	March 31, 2011
	 	$	1,312,500	 
	June 30, 2011
	 	$	1,312,500	 
	September 30, 2011
	 	$	1,312,500	 
	December 31, 2011
	 	$	1,312,500	 
	March 31, 2012
	 	$	1,312,500	 
	June 30, 2012
	 	$	1,312,500	 
	September 30, 2012
	 	$	1,312,500	 
	December 31, 2012
	 	$	1,312,500	 
	March 31, 2013
	 	$	1,312,500	 
	June 30, 2013
	 	$	1,750,000	 
	September 30, 2013
	 	$	1,750,000	 
	December 31, 2013
	 	$	1,750,000	 
	Maturity Date
	 	$	1,750,000	 

The French Borrowers hereby unconditionally promise (jointly and severally) to pay to the French
Administrative Agent for the account of each French Term Lender the French Term Loans on the first
Business Day of the month following each date set forth below in the aggregate principal amount set
forth opposite such date (as adjusted from time to time pursuant to Section 2.10(c)):

	 	 	 
	Date	 	Amount
	June 30, 2010

	 	965,625 EUR
	September 30, 2010

	 	965,625 EUR
	December 31, 2010

	 	965,625 EUR
	March 31, 2011

	 	965,625 EUR
	June 30, 2011

	 	965,625 EUR
	September 30, 2011

	 	965,625 EUR

41

 

	 	 	 
	Date	 	Amount
	December 31, 2011

	 	965,625 EUR
	March 31, 2012

	 	965,625 EUR
	June 30, 2012

	 	965,625 EUR
	September 30, 2012

	 	965,625 EUR
	December 31, 2012

	 	965,625 EUR
	March 31, 2013

	 	965,625 EUR
	June 30, 2013

	 	1,287,500 EUR
	September 30, 2013

	 	1,287,500 EUR
	December 31, 2013

	 	1,287,500 EUR
	Maturity Date

	 	1,287,500 EUR

To the extent not previously paid, all unpaid Term Loans shall be paid in full in cash by the
applicable Borrowers on the Maturity Date.

          (b) Each Lender shall maintain in accordance with its usual practice an account or accounts
evidencing the indebtedness of each Borrower to such Lender resulting from each Loan made by such
Lender, including the amounts of principal and interest payable and paid to such Lender from time
to time hereunder.

          (c) Each Administrative Agent shall maintain accounts in which it shall record (i) the amount
of each Loan made hereunder, the Class, Currency and Type thereof and the Interest Period
applicable thereto, (ii) the amount of any principal or interest due and payable or to become due
and payable from each Borrower to each Lender hereunder and (iii) the amount of any sum received by
each Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof.

          (d) The entries made in the accounts maintained pursuant to paragraph (b) or (c) of this
Section shall be prima facie evidence of the existence and amounts of the
obligations recorded therein; provided that the failure of any Lender or Administrative
Agent to maintain such accounts or any error therein shall not in any manner affect the obligations
of each Borrower to repay the applicable Loans in accordance with the terms of this Agreement.

          (e) Any Lender may request that Loans made by it to any Borrower be evidenced by a promissory
note. In such event, the applicable Borrower shall prepare, execute and deliver to such Lender a
promissory note payable to the order of such Lender (or, if requested by such Lender, to such
Lender and its registered assigns) and in a form approved by the Administrative Agents.
Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times
(including after assignment pursuant to Section 9.04) be represented by one or more promissory
notes in such form payable to the order of the payee named therein (or, if such promissory note is
a registered note, to such payee and its registered assigns).

          SECTION 2.10 Prepayment of Loans. (a) Each Borrower shall have the right at any time
and from time to time to prepay any of its Borrowings in whole or in part, subject to prior notice
in accordance with paragraph (b) of this Section 2.10.

42

 

          (b) The applicable Borrower shall notify the applicable Administrative Agent (and, in the case
of prepayment of a Swingline Loan, the Swingline Lender) by telephone (confirmed by telecopy) of
any prepayment under clause (a) above (i) in the case of prepayment of a Eurodollar Borrowing, not
later than the Specified Time three Business Days before the date of prepayment, (ii) in the case
of prepayment of an ABR Borrowing, not later than the Specified Time one Business Day before the
date of prepayment or (iii) in the case of prepayment of a Swingline Loan, not later than the
Specified Time on the date of prepayment. Each such notice shall be irrevocable and shall specify
the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid;
provided that, if a notice of prepayment is given in connection with a conditional notice
of termination of the Revolving Commitments as contemplated by Section 2.08, then such notice of
prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.08.
Promptly following receipt of any such notice relating to a Revolving Borrowing or a Term
Borrowing, the applicable Administrative Agent shall advise the Lenders of the contents thereof.
Each partial prepayment pursuant to clause (a) above of any Revolving Borrowing or Term Borrowing
shall be in an amount that would be permitted in the case of an advance of a Revolving Borrowing of
the same Type as provided in Section 2.02. Each prepayment of a Revolving Borrowing shall be
applied ratably to the Loans included in the applicable prepaid Borrowing.

          (c) In the event and on each occasion that any Net Proceeds are received by or on behalf of
any Loan Party in respect of any Prepayment Event, the Borrowers shall, immediately after such Net
Proceeds are received by any Loan Party, prepay the outstanding principal amount of the Term Loans
in an aggregate amount equal to 100% of such Net Proceeds, to be applied (i) if such Net Proceeds
are received with respect to a Prepayment Event attributable to property or any asset of Parent or
any Domestic Guarantor, such Net Proceeds shall be applied first to the Domestic Term Loans and
second to the French Term Loans, (ii) if such Net Proceeds are received with respect to a
Prepayment Event attributable to property or any asset of a French Borrower or any Foreign
Guarantor, such Net Proceeds shall be applied to the French Term Loans and (iii) in either case to
be applied to installments of the Term Loans in inverse order of maturity; provided that no
such prepayment shall be required pursuant to this Section 2.10(c) if, with respect to any Net
Proceeds realized or received with respect to any Prepayment Event, at the option of the Parent,
and so long as no Event of Default shall have occurred and be continuing, the Parent reinvests or
causes to be reinvested all or any portion of such Net Proceeds in assets useful for its business
within two hundred and seventy (270) days of the receipt of such Net Proceeds; provided
further that if any Net Proceeds are not so reinvested within the time period set forth
above in this Section 2.10(c), an amount equal to any such Net Proceeds shall be promptly applied
to the prepayment of the Term Loans as set forth in this Section 2.10(c).

          (d) Within five Business Days after financial statements have been delivered pursuant to
Section 5.01(a) and the related Compliance Certificate has been delivered pursuant to
Section 5.01(c), the Parent shall prepay an aggregate principal amount of Term Loans equal to (i)
75% of Excess Cash Flow for the fiscal year covered by such financial statements in the case of the
fiscal years ending June 30, 2010 and June 30, 2011, and (ii) 75% of Excess Cash Flow for the
fiscal year covered by such financial statements in the case of the fiscal years ending June 30,
2012 and June 30, 2013 if the Leverage Ratio for either such fiscal year is greater than 1.00 to 1,

43

 

applied on a pro rata basis between the Domestic Term Loans and the French
Term Loans and applied to installments of such Term Loans in inverse order of maturity.

          (e) Upon the issuance of any Indebtedness pursuant to Section 6.01(k), the Parent shall,
within ten days of the receipt thereof, use 100% of the Net Proceeds (except to the extent used
substantially concurrently with such issuance to fund one or more Permitted Acquisitions) to prepay
the Loans, applied first on a pro rata basis between the Domestic Term Loans and
the French Term Loans and applied to installments of such Term Loans in inverse order of maturity
and second applied to the Revolving Loans (with corresponding reductions in the Revolving
Commitments).

          (f) If the Domestic Administrative Agent notifies the Borrowers at any time that:

     (i) the total Revolving Credit Exposures exceed the then current aggregate
Revolving Commitments, then, within two Business Days after receipt of such notice,
the Parent shall prepay Revolving Loans on a pro rata basis in an amount sufficient
to cause the total Revolving Credit Exposures to not exceed the then current
aggregate Revolving Commitments; or

     (ii) the outstanding amount of all Revolving Loans denominated in Alternative
Currencies at such time exceeds an amount equal to 105% of the Alternative Currency
Sublimit, then, within two Business Days after receipt of such notice, the Parent
shall prepay Revolving Loans on a pro rata basis in an aggregate amount sufficient
to reduce the outstanding amount of Revolving Loans denominated in Alternative
Currencies as of the date of payment to an amount not to exceed 100% of the
Alternative Currency Sublimit.

          (g) Prepayments shall be accompanied by accrued interest to the extent required by Section
2.12.

          SECTION 2.11 Fees. (a) The Parent agrees to pay to the Domestic Administrative Agent
for the account of each Revolving Lender a commitment fee (the “Revolving Credit Commitment
Fee”), which shall accrue at the Applicable Rate on the daily amount of the unused Revolving
Commitment of such Revolving Lender during the period from and including the Effective Date to but
excluding the date on which such Revolving Commitment terminates, whether or not prior to such time
all the conditions in Section 4.02 are met. Accrued Revolving Credit Commitment Fees shall be
payable quarterly in arrears on the third Business Day of January, April, July and October of each
year and on the date on which the Revolving Commitments terminate, commencing on the first such
date to occur after the date hereof. All Revolving Credit Commitment Fees shall be computed on the
basis of a year of 360 days and shall be payable for the actual number of days elapsed (including
the first day but excluding the last day).

          (b) The Parent agrees to pay (i) to the Domestic Administrative Agent for the account of each
Revolving Lender a participation fee with respect to its participations in Letters of Credit, which
shall accrue at the same Applicable Rate used to determine the interest rate

44

 

applicable to Eurodollar Revolving Loans on the average daily amount of such Lender’s LC
Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the
period from and including the Effective Date to but excluding the later of the date on which such
Lender’s Revolving Commitment terminates and the date on which such Lender ceases to have any LC
Exposure, and (ii) to the Issuing Bank a fronting fee, which shall accrue at the rate or rates per
annum separately agreed upon between the Parent and the Issuing Bank on the average daily amount of
the LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements)
during the period from and including the Effective Date to but excluding the later of the date of
termination of the Revolving Commitments and the date on which there ceases to be any LC Exposure,
as well as the Issuing Bank’s standard fees with respect to the issuance, amendment, renewal or
extension of any Letter of Credit or processing of drawings thereunder. Participation fees and
fronting fees accrued through and including the last day of March, June, September and December of
each year shall be payable on the third Business Day following such last day, commencing on the
first such date to occur after the Effective Date; provided that all such fees shall be
payable on the date on which the Commitments terminate and any such fees accruing after the date on
which the Commitments terminate shall be payable on demand. Any other fees payable to the Issuing
Bank pursuant to this paragraph shall be payable within 10 days after demand. All participation
fees and fronting fees shall be computed on the basis of a year of 360 days and shall be payable
for the actual number of days elapsed (including the first day but excluding the last day).

          (c) Each Borrower agrees to pay to each Administrative Agent, for its own account, fees
payable in the amounts and at the times separately agreed upon between such Borrower and any
Administrative Agent.

          (d) All fees payable hereunder shall be paid on the dates due, in immediately available funds,
to the Domestic Administrative Agent (or to the Issuing Bank or the French Administrative Agent, in
the case of fees payable to such party) for distribution, in the case of Revolving Credit
Commitment Fee and participation fees, to the Revolving Lenders. Fees paid shall not be refundable
under any circumstances.

          SECTION 2.12 Interest. (a) The Revolving Loans comprising each ABR Borrowing
(including each Swingline Loan) shall bear interest at the Alternate Base Rate plus the Applicable
Rate.

          (b) The Revolving Loans and the Domestic Term Loans comprising each Eurodollar Borrowing shall
bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus
the Applicable Rate.

          (c) The French Term Loans shall bear interest at EURIBOR for the Interest Period in effect for
the applicable Borrower plus the Applicable Rate.

          (d) Notwithstanding the foregoing, if any principal of or interest on any Loan or any fee or
other amount payable by any Borrower hereunder is not paid when due, whether at stated maturity,
upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before
judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loan or in the
case of any other overdue amount in connection with any French Term Loan or

45

 

any Eurodollar Revolving Loan that is denominated in any Alternative Currency, 2% plus
the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section
2.12 or (ii) in the case of any other amount, 2% plus the rate applicable to ABR Loans as
provided in paragraph (a) of this Section 2.12; provided, that interest on any such overdue
amount with respect to Loans held by any French Borrower accruing as described in clause (i) above
shall be compounded with the overdue amount at the end of each Interest Period applicable to such
overdue amount if and only if, within the meaning of Article 1154 of the French Code civil, such
interest is due for a period of at least one year but will remain immediately due and payable.

          (e) Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date
for such Loan and, in the case of Revolving Loans, upon termination of the Revolving Commitments;
provided that (i) interest accrued pursuant to paragraph (d) of this Section 2.12 shall be
payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than a
prepayment of an ABR Revolving Loan prior to the end of the Availability Period), accrued interest
on the principal amount repaid or prepaid shall be payable on the date of such repayment or
prepayment and (iii) in the event of any conversion of any Loan prior to the end of the current
Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of
such conversion.

          (f) All interest hereunder shall be computed on the basis of a year of 360 days, except that
interest computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is
based on the Prime Rate and interest for Loans denominated in Sterling shall be computed on the
basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the
actual number of days elapsed (including the first day but excluding the last day). The applicable
Alternate Base Rate, Adjusted LIBO Rate, LIBO Rate or EURIBOR shall be determined by the applicable
Administrative Agent, and such determination shall be conclusive absent manifest error.

          (g) To comply with the provisions of Articles L.313-4 and R.313-1 of the French Code monétaire
et financier and articles L.313-1, L.313-2 and R.313-1 to R.313-5 of the French Code de la
consommation, the French Borrowers and the Lenders agree that the effective global interest rate
for each of the Loans held by the French Borrowers cannot be calculated as of the Effective Date
for the entire duration of this Agreement; however, a letter which sets forth a sample
calculation of interest on the Loans shall be provided to the French Borrowers by the French
Administrative Agent on the Effective Date and prior to the making of any Loan to a French
Borrower. The French Borrowers and the Lenders acknowledge that this letter is an integral part of
this Agreement. For each Interest Period applicable to a French Term Loan, the French
Administrative Agent shall notify the relevant French Borrower of the actual global effective rate
(taux effectif global) applicable to such Interest Period.

          SECTION 2.13 Alternate Rate of Interest. (a) If prior to the commencement of any
Interest Period for a Eurodollar Borrowing of Revolving Loans:

          (i) The Domestic Administrative Agent determines (which determination shall be
conclusive absent manifest error) that adequate and

46

 

reasonable means do not exist for ascertaining the Adjusted LIBO Rate or the
LIBO Rate, as applicable, for such Interest Period; or

     (ii) the Domestic Administrative Agent is advised by the Required Revolving
Lenders that the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such
Interest Period will not adequately and fairly reflect the cost to such Revolving
Lenders (or Lender) of making or maintaining their Loans (or its Loan) included in
such Borrowing for such Interest Period;

then the Domestic Administrative Agent shall give notice thereof to the Parent and the Revolving
Lenders by telephone or telecopy as promptly as practicable thereafter and, until the Domestic
Administrative Agent notifies the Parent and the Revolving Lenders that the circumstances giving
rise to such notice no longer exist, (A) any Interest Election Request that requests the conversion
of any Revolving Borrowing to, or continuation of any Revolving Borrowing as, a Eurodollar
Borrowing shall be ineffective and (B) if any Borrowing Request requests a Eurodollar Borrowing,
such Borrowing shall be made as an ABR Borrowing; provided that (x) if the circumstances
giving rise to such notice affect only one Type of Borrowings, then the other Type of Borrowings
shall be permitted and (y) if the circumstances giving rise to such notice affect only one
Currency, then Borrowings in other Currencies shall be permitted.

          (b) Subject to the following sentence, if EURIBOR is to be determined by reference to the
Reference Banks but a Reference Bank does not supply a quotation by the Specified Time on the
Quotation Day, the applicable EURIBOR shall be determined on the basis of the quotations of the
remaining Reference Banks. If a Market Disruption Event occurs in relation to a French Term Loan
for any Interest Period, then the rate of interest on each French Term Lender’s share of that Loan
for the Interest Period shall be the percentage rate per annum which is the sum of (i) the
Applicable Margin, (ii) the rate notified to the French Administrative Agent by that Lender as soon
as practicable and in any event before interest is due to be paid in respect of that Interest
Period, to be that which expresses as a percentage rate per annum the cost to that Lender of
funding its participation in that Loan from whatever source it may reasonably select and (iii) the
Mandatory Cost, if any, applicable to that Lender’s participation in the Loan. If a Market
Disruption Event occurs and the French Administrative Agent or any French Borrower so requires, the
French Administrative Agent and the French Borrowers shall enter into negotiations (for a period of
not more than thirty days) with a view to agreeing a substitute basis for determining the rate of
interest. Any such alternative basis so agreed shall, with the prior consent of all the Term
Lenders and the French Borrowers, be binding on all parties.

          SECTION 2.14 Increased Costs. (a) If any Change in Law shall:

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

     (ii) impose on any Lender or the Issuing Bank or the London interbank market
any other condition affecting this Agreement or Eurodollar Loans made by

47

 

such Lender or any Letter of Credit or participation therein (excluding any
such condition relating to Taxes (as to which Section 2.16 shall govern));

and the result of any of the foregoing shall be to increase the cost to such Lender of making or
maintaining any Eurodollar Loan (or of maintaining its obligation to make any such Loan) or to
increase the cost to such Lender or the Issuing Bank of participating in, issuing or maintaining
any Letter of Credit or to reduce the amount of any sum received or receivable by such Lender or
the Issuing Bank hereunder (whether of principal, interest or otherwise), then the applicable
Borrower will pay to such Lender or the Issuing Bank, as the case may be, such additional amount or
amounts as will compensate such Lender or the Issuing Bank, as the case may be, for such additional
costs incurred or reduction suffered.

          (b) If any Lender or the Issuing Bank determines that any Change in Law regarding capital
requirements has or would have the effect of reducing the rate of return on such Lender’s or the
Issuing Bank’s capital or on the capital of such Lender’s or the Issuing Bank’s holding company, if
any, as a consequence of this Agreement or the Loans made by, or participations in Letters of
Credit held by, such Lender, or the Letters of Credit issued by the Issuing Bank, to a level below
that which such Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s holding company
could have achieved but for such Change in Law (taking into consideration such Lender’s or the
Issuing Bank’s policies and the policies of such Lender’s or the Issuing Bank’s holding company
with respect to capital adequacy), then from time to time the applicable Borrower will pay to such
Lender or the Issuing Bank, as the case may be, such additional amount or amounts as will
compensate such Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s holding company
for any such reduction suffered.

          (c) A certificate of a Lender or the Issuing Bank setting forth the amount or amounts
necessary to compensate such Lender or the Issuing Bank or its holding company, as the case may be,
as specified in paragraph (a) or (b) of this Section 2.14 shall be delivered to the Borrowers and
shall be conclusive absent manifest error. The applicable Borrower shall pay such Lender or the
Issuing Bank, as the case may be, the amount shown as due on any such certificate within 10 days
after receipt thereof.

          (d) Failure or delay on the part of any Lender or the Issuing Bank to demand compensation
pursuant to this Section 2.14 shall not constitute a waiver of such Lender’s or the Issuing Bank’s
right to demand such compensation; provided that the Borrowers shall not be required to
compensate a Lender or the Issuing Bank pursuant to this Section 2.14 for any increased costs or
reductions incurred more than 270 days prior to the date that such Lender or the Issuing Bank, as
the case may be, notifies the Borrowers of the Change in Law giving rise to such increased costs or
reductions and of such Lender’s or the Issuing Bank’s intention to claim compensation therefor;
provided further that, if the Change in Law giving rise to such increased costs or
reductions is retroactive, then the 270-day period referred to above shall be extended to include
the period of retroactive effect thereof.

          (e) Notwithstanding any other provision of this Agreement, if, after the date hereof, (x) any
Change in Law shall make it unlawful for any Revolving Lender to make or maintain any Revolving
Loan denominated in an Alternative Currency or to give effect to its obligations as contemplated
hereby with respect to any such Loan or (y) there shall have

48

 

occurred any change in national or international financial, political or economic conditions
(including the imposition of or any change in exchange controls) or currency exchange rates that
would make it impracticable for any Revolving Lender to make or maintain Loans denominated in the
affected Currency, then, by written notice to the Parent and to the Domestic Administrative Agent:

     (i) such Revolving Lender or Revolving Lenders may declare that Revolving Loans
in the affected Currency or Currencies will not thereafter (for the duration of such
unlawfulness or impracticality) be made by such Revolving Lender or Revolving
Lenders hereunder (or, in the case of outstanding Loans, be continued for additional
Interest Periods), whereupon any request for a Borrowing in the affected Currency or
Currencies (or to continue a Borrowing in the affected Currency or Currencies for an
additional Interest Period) shall, as to such Revolving Lender or Lenders only, be
deemed a request for an Eurodollar Loan having an Interest Period of one month’s
duration and denominated in dollars at the Exchange Rate determined by the Domestic
Administrative Agent in accordance with this Agreement (or a request to convert a
Revolving Loan into a Eurodollar Loan having an Interest Period of one month’s
duration and denominated in dollars at the Exchange Rate determined by the Domestic
Administrative Agent in accordance with this Agreement on the last day of the then
current Interest Period with respect thereto), unless such declaration shall be
subsequently withdrawn; and

     (ii) such Lender may require that all outstanding Revolving Loans in the
affected Currency or Currencies made by it be converted to Eurodollar Revolving
Loans having an Interest Period of one month’s duration and denominated in dollars,
in which event all such Loans in the affected Currency or Currencies shall be
converted to Eurodollar Revolving Loans having an Interest Period of one month’s
duration and denominated in dollars, as of the effective date of such notice as
provided in paragraph (f) of this Section 2.14 and at the Exchange Rate determined
by the Domestic Administrative Agent in accordance with this Agreement on the date
of such conversion.

          In the event any Revolving Lender shall exercise its rights under clause (i) or (ii) above,
all payments and prepayments of principal that would otherwise have been applied to repay the
Revolving Loans that would have been made by such Revolving Lender or the converted Revolving Loans
of such Revolving Lender shall instead be applied to repay the Eurodollar Revolving Loans made by
such Lender in lieu of, or resulting from the conversion of, such Revolving Loans.

          (f) For purposes of paragraph (e) of this Section 2.14, a notice to the Parent by any
Revolving Lender shall be effective as to each Revolving Loan made by such Revolving Lender, if
lawful, on the last day of the Interest Period currently applicable to such Revolving Loan; in all
other cases such notice shall be effective on the date of receipt thereof by the Parent.

          SECTION 2.15 Break Funding Payments. In the event of (a) the payment of any
principal of any Eurodollar Loan other than on the last day of an Interest Period applicable

49

 

thereto (including as a result of an Event of Default), (b) the conversion of any Eurodollar
Loan other than on the last day of the Interest Period applicable thereto, (c) the failure to
borrow, convert, continue or prepay any Eurodollar Loan on the date specified in any notice
delivered pursuant hereto (regardless of whether such notice may be revoked under Section 2.10(b)
and is revoked in accordance therewith), or (d) the assignment of any Eurodollar Loan other than on
the last day of the Interest Period applicable thereto as a result of a request by a Borrower
pursuant to Section 2.18, then, in any such event, the applicable Borrower shall compensate each
applicable Lender for the loss, cost and expense attributable to such event. In the case of a
Eurodollar Loan, such loss, cost or expense to any Lender shall be deemed to include an amount
determined by such Lender to be the excess, if any, of (i) the amount of interest which would have
accrued on the principal amount of such Loan had such event not occurred, at the Adjusted LIBO Rate
or EURIBOR, as applicable, that would have been applicable to such Loan (excluding, however the
Applicable Rate included therein, if any), for the period from the date of such event to the last
day of the then current Interest Period therefor (or, in the case of a failure to borrow, convert
or continue, for the period that would have been the Interest Period for such Loan), over (ii) the
amount of interest which would accrue on such principal amount for such period at the interest rate
which such Lender would bid were it to bid, at the commencement of such period, for dollar deposits
of a comparable amount and period from other banks in the eurodollar market. A certificate of any
Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this
Section shall be delivered to the applicable Borrower and shall be conclusive absent manifest
error. The applicable Borrower shall pay such Lender the amount shown as due on any such
certificate within 10 days after receipt thereof.

          SECTION 2.16 Taxes. (a) Any and all payments by or on account of any obligation of
any Borrower hereunder shall be made free and clear of and without deduction for any Taxes;
provided that if any Borrower shall be required to deduct any Taxes from such payments,
then (i) if such Taxes are Indemnified Taxes or Other Taxes the sum payable shall be increased as
necessary so that after making all required deductions (including deductions applicable to
additional sums payable under this Section) the applicable Administrative Agent, Lender or Issuing
Bank (as the case may be) receives an amount equal to the sum it would have received had no such
deductions been made, (ii) such Borrower shall make such deductions and (iii) such Borrower shall
pay the full amount deducted to the relevant Governmental Authority in accordance with applicable
law.

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

          (c) The Borrowers shall severally but not jointly indemnify each Administrative Agent, each
Lender and the Issuing Bank, within 10 days after written demand therefor, for the full amount of
any Indemnified Taxes or Other Taxes levied, imposed or assessed on (and whether or not paid
directly by) such Administrative Agent, such Lender or the Issuing Bank, as the case may be, on or
with respect to any payment by or on account of any obligation of such Borrower hereunder
(including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts
payable under this Section) and any penalties, interest and reasonable expenses arising therefrom
or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or
legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount
of such payment or liability delivered to

50

 

a Borrower by a Lender or the Issuing Bank, or by any Administrative Agent on its own behalf
or on behalf of a Lender or the Issuing Bank, shall be conclusive absent manifest error. After an
Administrative Agent, any Lender or the Issuing Bank (as the case may be) learns of the imposition
of any Indemnified Taxes or Other Taxes, the Administrative Agent, such Lender or the Issuing Bank
(as the case may be) will act in good faith to promptly notify the Borrowers of their obligations
hereunder. In addition, the Borrower shall indemnify each Administrative Agent, each Lender and
the Issuing Bank for any incremental Taxes that may become payable by such Administrative Agent,
Lender or Issuing Bank as a result of any failure of the Borrower to pay any Taxes when due to the
appropriate Governmental Authority or to deliver to each Administrative Agent, pursuant to clause
(d), documentation evidencing the payment of Indemnified Taxes or Other Taxes.

          (d) As soon as practicable after any payment of Indemnified Taxes or Other Taxes by any
Borrower to a Governmental Authority and in any event within 90 days of any such payment being due,
such Borrower shall deliver to each Administrative Agent the original or a certified copy of a
receipt issued by such Governmental Authority evidencing such payment, a copy of the return
reporting such payment or other evidence of such payment reasonably satisfactory to the
Administrative Agents.

          (e) Any Lender that is entitled to an exemption from or reduction of withholding tax under the
applicable law, or any treaty to which such jurisdiction is a party, with respect to payments under
this Agreement or under any other Loan Document shall deliver to such Borrower (with a copy to each
Administrative Agent), at the time or times prescribed by applicable law, such properly completed
and executed documentation prescribed by applicable law or reasonably requested by such Borrower as
will permit such payments to be made without withholding or at a reduced rate. Without limiting
the generality of the foregoing, each Lender shall deliver to the Parent and the Administrative
Agents on or prior to the date on which such Lender becomes a party to this Agreement (and from
time to time thereafter upon the expiration or invalidity of any of the certificates or IRS forms
described below or upon the request of the Parent or an Administrative Agent, but only if such
Lender is legally entitled to do so), two (2) original copies of whichever of the following is
applicable:

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

     (ii) duly completed and executed IRS Form W-8ECI (or any successor form),
establishing that such party is not subject to deduction or withholding of United
States federal income tax;

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

51

 

     (iv) IRS Form W-9 (or any successor form), establishing that such party is not
subject to backup withholding or information reporting requirements.

          (f) If an Administrative Agent or a Lender determines, in its sole discretion, that it has
received a refund of any Taxes or Other Taxes as to which it has been indemnified by any Borrower
or with respect to which any Borrower has paid additional amounts pursuant to this Section 2.16, it
shall pay over such refund to such Borrower (but only to the extent of indemnity payments made, or
additional amounts paid, by such Borrower under this Section 2.16 with respect to the Taxes or
Other Taxes giving rise to such refund), net of all out-of-pocket expenses of such Administrative
Agent or such Lender and without interest (other than any interest paid by the relevant
Governmental Authority with respect to such refund); provided, that each Borrower, upon the
request of an Administrative Agent or such Lender, agrees to repay the amount paid over to such
Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental
Authority) to such Administrative Agent or such Lender in the event such Administrative Agent or
such Lender is required to repay such refund to such Governmental Authority. This Section shall not
be construed to require any Administrative Agent or any Lender to make available its tax returns
(or any other information relating to its taxes which it deems confidential) to the Borrowers or
any other Person.

          SECTION 2.17 Payments Generally; Pro Rata Treatment; Sharing of Set-offs. (a) Each
Borrower shall make each payment required to be made by it hereunder (whether of principal,
interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section 2.14, 2.15
or 2.16, or otherwise) prior to the Specified Time at the place of payment, on the date when due,
in immediately available funds, without set off or counterclaim. Any amounts received after such
time on any date may, in the discretion of the applicable Administrative Agent, be deemed to have
been received on the next succeeding Business Day for purposes of calculating interest thereon.
All such payments shall be made to (i) the Domestic Administrative Agent at its offices at 270 Park
Avenue, New York, New York, in the case of payments denominated in dollars and (ii) the applicable
Administrative Agent at its offices at 125 London Wall, London, EC2Y 5AJ, United Kingdom, attention
of Alastair A. Stevenson, in the case of payments in respect of Revolving Loans denominated in
Alternative Currencies and in the case of payments in respect of French Term Loans, except payments
to be made directly to the Issuing Bank or Swingline Lender as expressly provided herein and except
that payments pursuant to Sections 2.14, 2.15, 2.16 and 9.03 shall be made directly to the Persons
entitled thereto. The applicable Administrative Agent shall distribute any such payments received
by it for the account of any other Person to the appropriate recipient promptly following receipt
thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for
payment shall be extended to the next succeeding Business Day, and, in the case of any payment
accruing interest, interest thereon shall be payable for the period of such extension. All
payments hereunder shall be made in dollars or, in the case of principal of and interest on any
Loan denominated in an Alternative Currency, the applicable Alternative Currency, as the case may
be. Except as provided in clause (c) below, each payment or prepayment of principal or payment of
interest in respect of a Borrowing of Loans shall be allocated ratably among the parties entitled
thereto.

          (b) If at any time insufficient funds are received by and available to the applicable
Administrative Agent to pay fully all amounts of principal, unreimbursed LC

52

 

Disbursements, interest and fees then due hereunder, such funds received on the account of
each Borrower shall be applied (i) first, towards payment of interest and fees then due hereunder
by such Borrower, ratably among the parties entitled thereto in accordance with the amounts of
interest and fees then due to such parties, (ii) second, towards payment of principal and
unreimbursed LC Disbursements then due hereunder by such Borrower, ratably among the parties
entitled thereto in accordance with the amounts of principal and unreimbursed LC Disbursements then
due to such parties and (iii) third, towards payment of Obligations under any Guaranty to which
such Borrower is a party.

          (c) If any Lender shall, by exercising any right of set off or counterclaim or otherwise,
obtain payment in respect of any principal of or interest on any of its Loans or participations in
LC Disbursements or Swingline Loans resulting in such Lender receiving payment of a greater
proportion of the aggregate amount of its Loans and participations in LC Disbursements and
Swingline Loans and accrued interest thereon than the proportion received by any other Lender in
the applicable Class, then the Lender receiving such greater proportion shall purchase (for cash at
face value) participations in the Loans (and, if applicable, participations in LC Disbursements and
Swingline Loans) of other Lenders in the applicable Class to the extent necessary so that the
benefit of all such payments shall be shared by the Lenders in the applicable Class ratably in
accordance with the aggregate amount of principal of and accrued interest on their respective Loans
(and, if applicable, participations in LC Disbursements and Swingline Loans) in the applicable
Class; provided that (i) if any such participations are purchased and all or any portion of
the payment giving rise thereto is recovered, such participations shall be rescinded and the
purchase price restored to the extent of such recovery, without interest, and (ii) the provisions
of this paragraph shall not be construed to apply to any payment made by a Borrower pursuant to and
in accordance with the express terms of this Agreement or any payment obtained by a Lender as
consideration for the assignment of or sale of a participation in any of its Loans or
participations in LC Disbursements to any assignee or participant, other than to a Borrower or any
subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall apply). Each
Borrower consents to the foregoing and agrees, to the extent it may effectively do so under
applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements
may exercise against any Borrowers rights of set-off and counterclaim with respect to such
participation as fully as if such Lender were a direct creditor of such Borrower in the amount of
such participation.

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

53

 

          (e) If any Lender shall fail to make any payment required to be made by it pursuant to Section
2.04(c), 2.05(d) or (e), 2.06(b), 2.17(d) or 9.03(c), then the applicable Administrative Agent may,
in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter
received by such Administrative Agent for the account of such Lender to satisfy such Lender’s
obligations under such Sections until all such unsatisfied obligations are fully paid.

          SECTION 2.18 Mitigation Obligations; Replacement of Lenders. (a) If any Lender
requests compensation under Section 2.14, or if any Borrower is required to pay any additional
amount to any Lender or any Governmental Authority for the account of any Lender pursuant to
Section 2.16, then such Lender shall designate a different lending office for funding or booking
its Loans hereunder or assign its rights and obligations hereunder to another of its offices,
branches or affiliates, if, in the reasonable judgment of such Lender, such designation or
assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.14 or Section 2.16,
as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost
or expense and would not otherwise be disadvantageous to such Lender. Each Borrower hereby agrees
to pay all reasonable costs and expenses incurred by any Lender in connection with any such
designation or assignment.

          (b) If any Lender requests compensation under Section 2.14, or if any Borrower is required to
pay any additional amount to any Lender or any Governmental Authority for the account of any Lender
pursuant to Section 2.16, or if any Lender becomes a Defaulting Lender, then the applicable
Borrower may, at its sole expense and effort, upon notice to such Lender and the applicable
Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance
with and subject to the restrictions contained in Section 9.04), all its interests, rights and
obligations under this Agreement to an assignee that shall assume such obligations (which assignee
may be another Lender, if a Lender accepts such assignment); provided that (i) such
Borrower shall have received the prior written consent of the applicable Administrative Agent (and
if a Revolving Commitment is being assigned, the Issuing Bank), which consent shall not
unreasonably be withheld, (ii) such Lender shall have received payment of an amount equal to the
outstanding principal of its Loans (and, if applicable, participations in LC Disbursements and
Swingline Loans), accrued interest thereon, accrued fees and all other amounts payable to it
hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and
fees) or the applicable Borrower (in the case of all other amounts) and (iii) in the case of any
such assignment resulting from a claim for compensation under Section 2.14 or payments required to
be made pursuant to Section 2.16, such assignment will result in a reduction in such compensation
or payments. A Lender shall not be required to make any such assignment and delegation if, prior
thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the
applicable Borrower to require such assignment and delegation cease to apply.

          SECTION 2.19 Defaulting Lenders. Notwithstanding any provision of this Agreement to
the contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall apply
for so long as such Lender is a Defaulting Lender:

          (a) fees shall cease to accrue on the unfunded portion of the Revolving Commitment of such
Defaulting Lender pursuant to Section 2.11(a);

54

 

          (b) the Revolving Commitment, Revolving Credit Exposure and Term Loans outstanding with
respect to such Defaulting Lender shall not be included in determining whether all Lenders or the
Required Lenders have taken or may take any action hereunder (including any consent to any
amendment or waiver pursuant to Section 9.02), provided that any waiver, amendment or modification
requiring the consent of all Lenders or each affected Lender which affects such Defaulting Lender
differently than other affected Lenders shall require the consent of such Defaulting Lender;

          (c) if any Swingline Exposure or LC Exposure exists at the time a Revolving Lender becomes a
Defaulting Lender then:

     (i) all or any part of such Swingline Exposure and LC Exposure shall be
reallocated among the non-Defaulting Lenders that are Revolving Lenders in
accordance with their respective Applicable Percentages but only to the extent (x)
the sum of all non-Defaulting Lenders’ Revolving Credit Exposures plus such
Defaulting Lender’s Swingline Exposure and LC Exposure does not exceed the total of
all non-Defaulting Lenders’ Revolving Commitments and (y) the conditions set forth
in Section 4.02 are satisfied at such time;

     (ii) if the reallocation described in clause (i) above cannot, or can only
partially, be effected, the Parent shall within one Business Day following notice by
Domestic Administrative Agent (x) first, prepay such Swingline Exposure and
(y) second, cash collateralize such Defaulting Lender’s LC Exposure (after
giving effect to any partial reallocation pursuant to clause (i) above) for so long
as such LC Exposure is outstanding;

     (iii) if Parent cash collateralizes any portion of such Defaulting Lender’s LC
Exposure pursuant to this Section 2.19(c), the Parent shall not be required to pay
any fees to such Defaulting Lender pursuant to Section 2.11(b) with respect to such
Defaulting Lender’s LC Exposure during the period such Defaulting Lender’s LC
Exposure is cash collateralized;

     (iv) if the LC Exposure of the non-Defaulting Lenders is reallocated pursuant
to this Section 2.19(c), then the fees payable to the Revolving Lenders pursuant to
Section 2.11(a) and Section 2.11(b) shall be adjusted in accordance with such
non-Defaulting Lenders’ pro rata shares (based on their respective Revolving
Commitments); and

     (v) if any Defaulting Lender’s LC Exposure is neither cash collateralized nor
reallocated pursuant to this Section 2.19(c), then, without prejudice to any rights
or remedies of the Issuing Bank or any Revolving Lender hereunder, all letter of
credit fees payable under Section 2.11(b) with respect to such Defaulting Lender’s
LC Exposure shall be payable to the Issuing Bank until such LC Exposure is cash
collateralized and/or reallocated; and

          (d) so long as any Revolving Lender is a Defaulting Lender, the Swingline Lender shall not be
required to fund any Swingline Loan and the Issuing Bank shall not be

55

 

required to issue, amend or increase any Letter of Credit, unless it is satisfied that the
related exposure will be 100% covered by the Revolving Commitments of the non-Defaulting Lenders
and/or cash collateral will be provided by the Parent in accordance with Section 2.19(c), and
participating interests in any such newly issued or increased Letter of Credit or newly made
Swingline Loan shall be allocated among non-Defaulting Lenders that are Revolving Lenders in a
manner consistent with Section 2.19(c)(i) (and Defaulting Lenders shall not participate therein).

In the event that each Administrative Agent, the Parent, the Issuing Bank and the Swingline Lender
each agrees that a Defaulting Lender has adequately remedied all matters that caused such Lender to
be a Defaulting Lender, then the Swingline Exposure and LC Exposure of the Revolving Lenders shall
be readjusted to reflect the inclusion of such Lender’s Revolving Commitment and on such date such
Revolving Lender shall purchase at par such of the Revolving Loans of the other Revolving Lenders
(other than Swingline Loans) as the Domestic Administrative Agent shall determine may be necessary
in order for such Revolving Lender to hold such Revolving Loans in accordance with its pro rata
share (based on its Revolving Commitment).

          SECTION 2.20 Additional Reserve Costs.

          (a) If and so long as any Lender is required to make special deposits, to maintain reserve
asset, liquidity or cash margin ratios, to pay fees or comply with other requirements (but for the
avoidance of doubt excluding requirements contemplated by Section 2.14(e)) of the Bank of England,
the Financial Services Authority of the United Kingdom or the European Central Bank, in each case
in respect of such Lender’s Eurodollar Loans in any Alternative Currency and pursuant to such
requirements, such Lender may require each applicable Borrower to pay, contemporaneously with each
payment of interest on each of such Loans, additional interest on such Loan at a rate per annum
equal to the Mandatory Cost calculated in accordance with Schedule 2.20 hereto.

          (b) Each Lender shall, in consultation with the applicable Borrower, take all reasonable steps
as may be available to it to mitigate any circumstances which arise and which would result in any
amount becoming payable under or pursuant to the Mandatory Cost including (but not limited to)
transferring its rights and obligations under this Agreement to another Affiliate or office or
offices through which it will perform its obligations under this Agreement; provided, that
any such Lender will not be required to take any such action if to do so would, in the judgment of
such Lender, be reasonably expected to have an adverse effect on its business, operations or
financial condition, cause it to incur liabilities or obligations or reduce its return in relation
to its participations in the Loans.

          (c) Each Lender shall supply the applicable Administrative Agent with any information required
by the applicable Administrative Agent in order to calculate the Mandatory Cost.

56

 

ARTICLE III

REPRESENTATIONS AND WARRANTIES

          Each Borrower represents and warrants to the Lenders that:

          SECTION 3.01 Organization; Powers. Each of the Borrowers and their respective
Subsidiaries is duly organized, validly existing and, where applicable, in good standing under the
laws of the jurisdiction of its organization, has all requisite power and authority to carry on its
business as now conducted and, except where the failure to do so, individually or in the aggregate,
could not reasonably be expected to result in a Material Adverse Effect, is qualified to do
business in, and, where applicable, is in good standing in, every jurisdiction where such
qualification is required.

          SECTION 3.02 Authorization; Enforceability. The Transactions are within the
Borrowers’ corporate powers and have been duly authorized by all necessary corporate and, if
required, stockholder action. This Agreement has been duly executed and delivered by the Borrowers
and constitutes a legal, valid and binding obligation of each Borrower, enforceable in accordance
with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other
laws affecting creditors’ rights generally and subject to general principles of equity, regardless
of whether considered in a proceeding in equity or at law.

          SECTION 3.03 Governmental Approvals; No Conflicts. The Transactions (a) do not
require any consent or approval of, registration or filing with, or any other action by, any
Governmental Authority, except such as have been obtained or made and are in full force and effect,
except for filings necessary to perfect the Liens on the Collateral granted by the Loan Parties
under the Loan Documents, (b) will not violate any applicable law or regulation, (c) will not
violate any charter, by-laws or other organizational documents of any of the Parent or any of its
Subsidiaries or any order of any Governmental Authority, (d) will not violate or result in a
default under any indenture, agreement or other instrument binding upon any of the Parent or any of
its Subsidiaries or its assets, or give rise to a right thereunder to require any payment to be
made by the Parent or any of its Subsidiaries, and (e) will not result in the creation or
imposition of any Lien (other than the Liens on the Collateral granted by the Loan Parties under
the Loan Documents) on any asset of any of the Parent or any of its Subsidiaries, except for, in
the case of clause (a), those consents, approvals, negotiations, filings, or actions, the failure
of which to obtain or make could not reasonably be expected to result in a Material Adverse Effect
and, in the case of clauses (b) and (d), with respect to any violation or default to the extent
such violation or default could not reasonably be expected to have a Material Adverse Effect.

          SECTION 3.04 Financial Condition; No Material Adverse Change. (a) The Parent has
heretofore furnished to the Lenders its consolidated balance sheet and statements of income,
stockholders equity and cash flows (i) as of and for the fiscal year ended June 30, 2009, reported
on by Ernst & Young LLP, independent public accountants, and (ii) as of and for the fiscal quarter
and the portion of the fiscal year ended September 30, 2009, certified by its chief financial
officer. Such financial statements present fairly, in all material respects, the financial
position and results of operations and cash flows of the Parent and its consolidated Subsidiaries
as of such dates and for such periods in accordance with GAAP, subject to year end audit

57

 

adjustments and the absence of footnotes in the case of the statements referred to in clause
(ii) above.

          (b) Since June 30, 2009, there has been no material adverse change in the business, assets,
operations or condition, financial or otherwise, of the Parent and its Subsidiaries, taken as a
whole.

          SECTION 3.05 Properties. (a) Each of the Parent and its Subsidiaries has good title
to, or valid leasehold interests in, all its real and personal property material to its business,
except for minor defects in title that do not interfere with its ability to conduct its business as
currently conducted or to utilize such properties for their intended purposes.

          (b) Each of the Parent and its Subsidiaries owns, or is licensed to use, all trademarks, trade
names, copyrights, patents and other intellectual property material to its business, and the use
thereof by the Parent and its Subsidiaries does not infringe upon the rights of any other Person,
except for any such infringements that, individually or in the aggregate, could not reasonably be
expected to result in a Material Adverse Effect.

          SECTION 3.06 Litigation and Environmental Matters. (a) There are no actions, suits
or proceedings by or before any arbitrator or Governmental Authority pending against or, to the
knowledge of the Borrowers, threatened against or affecting the Parent or any of its Subsidiaries
(i) that could reasonably be expected, individually or in the aggregate, to result in a Material
Adverse Effect (other than the Disclosed Matters) or (ii) that involve this Agreement or the
Transactions.

          (b) Except for the Disclosed Matters and except with respect to any other matters that,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse
Effect, neither the Parent nor any of its Subsidiaries (i) has failed to comply with any
Environmental Law or to obtain, maintain or comply with any permit, license or other approval
required under any Environmental Law, (ii) has become subject to any Environmental Liability, (iii)
has received notice of any claim with respect to any Environmental Liability or (iv) knows of any
basis for any Environmental Liability.

          (c) Since the date of this Agreement, there has been no change in the status of the Disclosed
Matters that, individually or in the aggregate, has resulted in a Material Adverse Effect.

          SECTION 3.07 Compliance with Laws and Agreements. Each of the Parent and its
Subsidiaries is in compliance with all laws, regulations and orders of any Governmental Authority
applicable to it or its property and all indentures, agreements and other instruments binding upon
it or its property, except where the failure to do so, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect. No Default has occurred and is
continuing.

          SECTION 3.08 Investment Company Status. None of the Loan Parties is required to be
registered as an “investment company” under the Investment Company Act of 1940, as amended.

58

 

          SECTION 3.09 Taxes. Each of the Parent and its Subsidiaries has timely filed or
caused to be filed all tax returns and reports required to have been filed and has paid or caused
to be paid all Taxes required to have been paid by it, except (a) Taxes that are being contested in
good faith by appropriate proceedings and for which the Parent or such Subsidiary, as applicable,
has set aside on its books adequate reserves or (b) to the extent that the failure to do so could
not reasonably be expected to result in a Material Adverse Effect.

          SECTION 3.10 ERISA. No ERISA Event or ERISA Multiemployer Plan Event has occurred or
is reasonably expected to occur that, when taken together with all other such ERISA Events and
ERISA Multiemployer Plan Events for which liability is reasonably expected to occur, could
reasonably be expected to result in a Material Adverse Effect. No Plan (with respect to which the
Parent or any other Borrower has any liability or reasonable expectation of liability) is in “at
risk” status within the meaning of Section 430(i) of the Code or Section 303(i) of ERISA.

          SECTION 3.11 Disclosure. As of the Effective Date, each Borrower has disclosed to
the Lenders all agreements, instruments and corporate or other restrictions to which it or any of
its Subsidiaries is subject, and all other matters known to it, that, individually or in the
aggregate, could reasonably be expected to result in a Material Adverse Effect. Neither the
Information Memorandum nor any of the other reports, financial statements, certificates or other
information furnished by or on behalf of any Borrower to any Administrative Agent or any Lender in
connection with the negotiation of this Agreement or delivered hereunder (as modified or
supplemented by other information so furnished) contains, when taken as a whole, any material
misstatement of fact or omits to state any material fact necessary to make the statements therein,
in the light of the circumstances under which they were made and when furnished, not misleading;
provided that, with respect to projected financial information, each Borrower represents
only that such information was prepared in good faith based upon assumptions believed by such
Borrower to be reasonable at the time.

ARTICLE IV

CONDITIONS

          SECTION 4.01 Effective Date. The obligations of the Lenders to make Loans and of the
Issuing Bank to issue Letters of Credit hereunder shall not become effective until the date on
which each of the following conditions is satisfied (or waived in accordance with Section 9.02):

          (a) The Administrative Agents (or their counsel) shall have received (i) from each party
hereto either (A) a counterpart of this Agreement signed on behalf of such party or (B) written
evidence satisfactory to the Administrative Agents (which may include telecopy transmission of a
signed signature page of this Agreement) that such party has signed a counterpart of this
Agreement, (ii) from each Domestic Subsidiary, a duly executed Guaranty (Domestic Obligations),
(iii) from the Parent and each Restricted Subsidiary, a duly executed Guaranty (French
Obligations), (iv) the Domestic Security Documents, duly executed by each Domestic Subsidiary, the
Parent and the Domestic Administrative Agent, (v) the Canadian Security Documents, duly executed by
each Canadian Subsidiary, (vi) the French Security

59

 

Documents, duly executed by each French Subsidiary and the French Administrative Agent, (vii)
the English Security Agreement, duly executed by the English Chargor and the French Administrative
Agent, (viii) the English Share Charge, duly executed by Mirion Technologies (IST) Corporation and
the French Administrative Agent, (ix) the German Security Document, duly executed by Mirion
Technologies (Synodys) SA and the French Administrative Agent and (x) any promissory notes
requested by a Lender pursuant to Section 2.09 payable to the order of each such requesting Lender.

          (b) The Administrative Agents shall have received a favorable written opinion (addressed to
the Administrative Agents and the Lenders and dated the Effective Date) of (i) Seth Rosen, general
counsel for the Parent, substantially in the form of Exhibit B-1, (ii) Davis Polk and Wardwell
LLP, New York counsel for the Loan Parties, substantially in the form of Exhibit B-2, (iii)
Richards, Layton and Finger, P.A., Delaware counsel for the Loan Parties, substantially in the form
of Exhibit B-3, (iv) Davis Polk and Wardwell LLP, French counsel for the Loan Parties,
substantially in the form of part (a) of Exhibit B-3, (v) Mayer Brown International LLP, French
counsel for the Administrative Agents, substantially in the form of part (b) of Exhibit B-4, (vi)
Hengeler Mueller, German counsel for the Loan Parties, substantially in the form of part (a) of
Exhibit B-5, (vii) Mayer Brown LLP, German counsel for the Administrative Agents, substantially in
the form of part (b) of Exhibit B-5, (viii) Mayer Brown International LLP, English counsel for the
Administrative Agents, substantially in the form of Exhibit B-6 and (ix) Blake, Cassels and Graydon
LLP, Canadian counsel for the Loan Parties, substantially in the form of Exhibit B-7 and in each
case covering such other matters relating to the Loan Parties, this Agreement, the Transactions or
the Equity Offering as the Required Lenders shall reasonably request. The Borrowers hereby request
such counsel to deliver such opinion.

          (c) The Administrative Agents shall have received such documents, by-laws, memorandum of
association, articles of association and certificates as the Administrative Agents or their counsel
may reasonably request relating to the organization, existence and, where applicable, good standing
of the Loan Parties, the authorization of the Transactions and any other legal matters relating to
the Loan Parties, this Agreement or the Transactions, all in form and substance reasonably
satisfactory to the Administrative Agents and their counsel.

          (d) The Domestic Administrative Agent shall have received a certificate, dated the Effective
Date and signed by the President, a Vice President or a Financial Officer of the Parent, confirming
compliance with the conditions set forth in paragraphs (a) and (b) of Section 4.02.

          (e) The Administrative Agents and the Lenders shall have received all fees and other amounts
due and payable on or prior to the Effective Date, including, to the extent invoiced, reimbursement
or payment of all out of pocket expenses required to be reimbursed or paid by any Borrower
hereunder.

          (f) The Parent shall have received gross proceeds of at least $100,000,000 from the Equity
Offering.

60

 

          (g) The Lenders shall have received (i) audited consolidated financial statements of the
Parent for the 2007 and 2008 fiscal years, (ii) unaudited interim consolidated financial statements
of the Parent for each fiscal quarter ended after the date of the latest applicable financial
statements delivered pursuant to clause (i) of this paragraph as to which such financial statements
are available.

          (h) The Administrative Agents shall have received the results of a recent lien search in each
of the jurisdictions in the United States, Canada, England and France where each of the Loan
Parties are incorporated or such other jurisdictions as the Administrative Agent may reasonably
require, and such search shall reveal no liens on any of the assets of the Loan Parties in such
jurisdictions except for liens permitted by Section 6.02 or discharged on or prior to the Effective
Date pursuant to a pay-off letter or other documentation reasonably satisfactory to the
Administrative Agents.

          (i) After giving effect to all Borrowings to be made on the Effective Date and the issuance of
any Letters of Credit on the Effective Date and payment of all fees and expenses due hereunder, and
with all of the Loan Parties’ Indebtedness, liabilities and obligations current, there shall be
Availability of at least $10,000,000.

          (j) The Domestic Administrative Agent shall have received evidence that the Loans which the
Lenders have agreed to provide pursuant to this Agreement shall have received a corporate credit
rating estimate from Moody’s or S&P acceptable to the Domestic Administrative Agent.

          (k) The Indebtedness described on Schedule 4.01 shall have been repaid in full with the
proceeds of the Loans and the Equity Offering substantially concurrently with the initial
extensions of credit to be made under this Agreement on the Effective Date.

          (l) The Administrative Agents shall have received (i) the certificates, if any, representing
the Equity Interests pledged pursuant to the Collateral Documents, together with an undated stock
power for each such certificate executed in blank by a duly authorized officer of the pledgor
thereof and (ii) each promissory note (if any) pledged to the Administrative Agents pursuant to the
Collateral Documents endorsed (without recourse) in blank (or accompanied by an executed transfer
form in blank) by the pledgor thereof.

          (m) Each document (including any Uniform Commercial Code or Personal Property Security Act
financing statement) required by the Collateral Documents or under law or reasonably requested by
the Administrative Agents to be filed, registered or recorded in order to create in favor of an
Administrative Agent, for the benefit of the Lenders, a perfected Lien on the Collateral described
therein in accordance with the Collateral Documents, prior and superior in right to any other
Person (other than with respect to Liens expressly permitted by Section 6.02), shall be in proper
form for filing, registration or recordation.

The Administrative Agents shall notify the Borrowers and the Lenders of the Effective Date, and
such notice shall be conclusive and binding. Notwithstanding the foregoing, the obligations of the
Lenders to make Loans and of the Issuing Bank to issue Letters of Credit hereunder shall not become
effective unless each of the foregoing conditions is satisfied (or waived pursuant to

61

 

Section 9.02) at or prior to the Specified Time, on April 9, 2010 (and, in the event such
conditions are not so satisfied or waived, the Commitments shall terminate at such time).

          SECTION 4.02 Each Credit Event. The obligation of each Lender to make a Loan on the
occasion of any Borrowing, and of the Issuing Bank to issue, amend, renew or extend any Letter of
Credit, is subject to the satisfaction of the following conditions:

          (a) The representations and warranties of the Borrowers set forth in this Agreement shall be
true and correct in all material respects on and as of the date of such Borrowing or the date of
issuance, amendment, renewal or extension of such Letter of Credit, as applicable, with the same
effect as if made on and as of such date except to the extent such representations and warranties
expressly relate to an earlier date and in such case, such representations and warranties shall be
true and correct in all material respects as of such date.

          (b) At the time of and immediately after giving effect to such Borrowing or the issuance,
amendment, renewal or extension of such Letter of Credit, as applicable, no Default shall have
occurred and be continuing.

Each Borrowing and each issuance, amendment, renewal or extension of a Letter of Credit shall be
deemed to constitute a representation and warranty by the applicable Borrower on the date thereof
as to the matters specified in paragraphs (a) and (b) of this Section 4.02.

ARTICLE V

AFFIRMATIVE COVENANTS

          Until the Commitments have expired or been terminated and the principal of and interest on
each Loan and all fees payable hereunder shall have been paid in full and all Letters of Credit
shall have expired or terminated (or, as to any outstanding Letters of Credit, such Letters of
Credit shall have been fully cash collateralized or backed by standby letters of credit reasonably
acceptable to the Issuing Bank) and all LC Disbursements shall have been reimbursed, each Borrower
covenants and agrees with the Lenders that:

          SECTION 5.01 Financial Statements; Ratings Change and Other Information. The
Borrowers will furnish to the Administrative Agents for distribution to each Lender:

          (a) within 90 days after the end of each fiscal year of the Parent each of the following:

     (i) audited consolidated balance sheets and related statements of operations,
stockholders’ equity and cash flows of the Parent and its Subsidiaries as of the end
of and for such year, setting forth in each case in comparative form the figures for
the previous fiscal year, all reported on by Ernst & Young LLP or other independent
public accountants of recognized national standing (without a “going concern” or
like qualification or exception and without any qualification or exception as to the
scope of such audit) to the effect that such consolidated financial statements
present fairly in all material respects the financial condition

62

 

and results of operations of the Parent and its consolidated Subsidiaries on a
consolidated basis in accordance with GAAP consistently applied, and

     (ii) unaudited consolidating balance sheets and related statements of
operations, stockholders’ equity and cash flows for the Parent as of the end of and
for such year, setting forth in each case in comparative form the figures for the
previous fiscal year, all certified by one of its Financial Officers as presenting
fairly in all material respects the financial condition and results of operations of
the Parent on a consolidating basis in accordance with GAAP consistently applied;

          (b) within 45 days after the end of each of the first three fiscal quarters of each fiscal
year of the Parent, each of the following:

     (i) consolidated balance sheets and related statements of operations,
stockholders’ equity and cash flows of the Parent and its Subsidiaries as of the end
of and for such fiscal quarter and the then elapsed portion of the fiscal year,
setting forth in each case in comparative form the figures for the corresponding
period or periods of (or, in the case of balance sheets, as of the end of) the
previous fiscal year, all certified by one of its Financial Officers as presenting
fairly in all material respects the financial condition and results of operations of
the Parent and its consolidated Subsidiaries on a consolidated basis in accordance
with GAAP consistently applied, subject to normal year-end audit adjustments and the
absence of footnotes, and

     (ii) consolidating balance sheets and related statements of operations,
stockholders’ equity and cash flows of the Parent as of the end of and for such
fiscal quarter and the then elapsed portion of the fiscal year, setting forth in
each case in comparative form the figures for the corresponding period or periods of
(or, in the case of balance sheets, as of the end of) the previous fiscal year, all
certified by one of the Parent’s Financial Officers as presenting fairly in all
material respects the financial condition and results of operations of the Parent on
a consolidating basis in accordance with GAAP consistently applied, subject to
normal year-end audit adjustments and the absence of footnotes;

          (c) concurrently with any delivery of financial statements under clause (a) or (b) above (and
commencing with the delivery of such financial statements for the fiscal quarter of the Parent
ending June 30, 2010), a certificate of a Financial Officer (a “Compliance Certificate”) of
the Parent (i) certifying as to whether a Default has occurred and, if a Default has occurred,
specifying the details thereof and any action taken or proposed to be taken with respect thereto,
(ii) setting forth reasonably detailed calculations demonstrating compliance with Section 6.12 and
Section 2.10(d) and (iii) stating whether any change in GAAP or in the application thereof has
occurred since the date of the audited financial statements referred to in Section 3.04 and, if any
such change has occurred, specifying the effect of such change on the financial statements
accompanying such certificate;

63

 

          (d) as soon as available, but in any event within 60 days after the end of each fiscal year of
the Parent, an annual business plan and budget of such the Parent and its Subsidiaries on a
consolidated basis, including forecasts prepared by management of the Parent of consolidated
balance sheets and statements of income or operations and cash flows of the Parent and its
Subsidiaries on a quarterly basis for the immediately following fiscal year (including the fiscal
year in which the Maturity Date occurs);

          (e) concurrently with any delivery of financial statements under clause (a) above, a
certificate of the accounting firm that reported on such financial statements stating whether they
obtained knowledge during the course of their examination of such financial statements of any
Default under Section 6.12 (which certificate may be limited to the extent required by accounting
rules or guidelines);

          (f) promptly after the same become publicly available, copies of all periodic and other
reports (other than any report on Form S-8), proxy statements and other materials filed by the
Parent or any Subsidiary with the SEC, or any Governmental Authority succeeding to any or all of
the functions of said commission, or any similar Governmental Authority in a jurisdiction other
than the United States, or with any national securities exchange, or distributed by the Parent to
its shareholders generally, as the case may be.

          (g) Documents required to be delivered pursuant to clauses (a), (b) and (f) above which are
made available via EDGAR, or any successor system of the SEC, in the Parent’s Annual Report on Form
10-K, Form 10-Q or Form 8-K, as applicable, shall be deemed delivered to the Lenders on the date
such documents are made so available; and

          (h) promptly following any request therefor, such other information regarding the operations,
business affairs and financial condition of the Parent or any Subsidiary, or compliance with the
terms of this Agreement, as any Administrative Agent or any Lender may reasonably request.

          SECTION 5.02 Notices of Material Events. The Parent will furnish to the
Administrative Agents for distribution to each Lender prompt written notice of the following:

          (a) the occurrence of any Default;

          (b) the filing or commencement of any action, suit or proceeding by or before any arbitrator
or Governmental Authority against or affecting the Parent or any Affiliate thereof that could
reasonably be expected to result in a Material Adverse Effect; and

          (c) the occurrence of any ERISA Event or ERISA Multiemployer Plan Event that, alone or
together with any other ERISA Events and ERISA Multiemployer Plan Events that have occurred, could
reasonably be expected to result in liability of the Parent and its Subsidiaries in an aggregate
amount exceeding $2,000,000.

Each notice delivered under this Section 5.02 shall be accompanied by a statement of a Financial
Officer or other officer of the Parent setting forth the details of the event or development
requiring such notice and any action taken or proposed to be taken with respect thereto.

64

 

          SECTION 5.03 Existence; Conduct of Business. Each Borrower will, and will cause each
of its subsidiaries to, do or cause to be done all things necessary to preserve, renew and keep in
full force and effect its legal existence and the rights, licenses, permits, privileges and
franchises material to the conduct of its business; provided that the foregoing shall not
prohibit any merger, consolidation, liquidation or dissolution permitted under Section 6.03.

          SECTION 5.04 Payment of Obligations. Each Borrower will, and will cause each of its
subsidiaries to, pay its obligations (including Tax liabilities but other than obligations with
respect to Indebtedness) that, if not paid, could reasonably be expected to result in a Material
Adverse Effect before the same shall become delinquent or in default, except where (a) the validity
or amount thereof is being contested in good faith by appropriate proceedings, (b) such Borrower or
such subsidiary has set aside on its books adequate reserves with respect thereto in accordance
with GAAP and (c) the failure to make payment pending such contest could not reasonably be expected
to result in a Material Adverse Effect.

          SECTION 5.05 Maintenance of Properties; Insurance. Each Borrower will, and will
cause each of its subsidiaries to, (a) keep and maintain all property material to the conduct of
its business in good working order and condition, ordinary wear and tear excepted, (b) maintain,
with financially sound and reputable insurance companies, insurance in such amounts and against
such risks as are customarily maintained by companies engaged in the same or similar businesses
operating in the same or similar locations and (c) all insurance required pursuant to the
Collateral Documents.

          SECTION 5.06 Books and Records; Inspection Rights. Each Borrower will, and will
cause each of its subsidiaries to, keep proper books of record and account in which full, true and
correct (in all material respects) entries are made of all dealings and transactions in relation to
its business and activities. Each Borrower will, and will cause each of its subsidiaries to,
permit any representatives designated by any Administrative Agent or any Lender, upon reasonable
prior notice, to visit and inspect its properties, to examine and make extracts from its books and
records, and to discuss its affairs, finances and condition with its officers and independent
accountants, all at such reasonable times and as often as reasonably requested; provided
that (i) such visits by the Lenders shall be coordinated by the Administrative Agents and (ii) so
long as no Event of Default shall have occurred and be continuing, each Borrower shall not be
obligated to accommodate more than two such visits in any 12-month period or to reimburse the
Administrative Agent or any Lender for more than one such visit in any 12-month period.

          SECTION 5.07 Compliance with Laws. Each Borrower will, and will cause each of its
subsidiaries to, (a) comply with all laws, rules, regulations and orders of any Governmental
Authority applicable to it or its property and (b) promptly resolve any Environmental Liability, in
each case except where the failure to do so, individually or in the aggregate, could not reasonably
be expected to result in a Material Adverse Effect.

          SECTION 5.08 Use of Proceeds and Letters of Credit. The proceeds of the Loans will
be used only to refinance certain Indebtedness of the Borrowers and the Subsidiaries and for
general corporate purposes. No part of the proceeds of any Loan will be used, whether directly or
indirectly, for any purpose that entails a violation of any of the Regulations of the

65

 

Board, including Regulations T, U and X. In particular, no part of the proceeds of any French
Term Loan will be used, directly or indirectly, by any French Borrower to finance or refinance any
subscription or acquisition of its own shares to the extent that such financing or refinancing
would constitute unlawful financial assistance within the meaning of article L.225-216 of the
French Code de commerce.

          SECTION 5.09 Additional Guarantors. The Parent will, and will cause its Subsidiaries
to, promptly inform the Administrative Agents of the creation or acquisition of any direct or
indirect Subsidiary (subject to the provisions of Sections 6.03 and 6.04) and cause each direct or
indirect Restricted Subsidiary not in existence on the date hereof to (i) enter, to the extent
permitted under applicable law, into a Guaranty (French Obligations), (ii) in the case of any
Domestic Subsidiary, enter into a Guaranty (Domestic Obligations), (iii) enter into a joinder
agreement to each Collateral Document that any Administrative Agent shall reasonably request in
order to secure its Obligations under any Guaranty required to be entered into in accordance with
clause (i) or (ii) of this Section 5.09 and (iv) grant Liens to any Administrative Agent, for the
benefit of the Administrative Agents and the Lenders, in any property of such Subsidiary which
constitutes Collateral, including any parcel of real property located in the United States owned by
such Subsidiary and having a fair market value in excess of $2,500,000. In connection therewith,
the Parent or any applicable Subsidiary shall provide such resolutions, certificates and opinions
of counsel as shall be reasonably requested by any Administrative Agent.

          SECTION 5.10 Further Assurances.

          (a) Each Loan Party will cause the issued and outstanding Equity Interests pledged pursuant to
any of the Collateral Documents to be subject at all times to a first priority, perfected Lien in
favor of any Administrative Agent as the Administrative Agents shall reasonably request.

          (b) Without limiting the foregoing, each Loan Party will, and will cause each Subsidiary to,
execute and deliver, or cause to be executed and delivered, to the Administrative Agents such
documents, agreements and instruments, and will take or cause to be taken such further actions
(including the filing and recording of financing statements, fixture filings, mortgages, deeds of
trust and other documents and such other actions or deliveries of the type required by Section
4.01, as applicable), which may be required by law or which any Administrative Agent may, from time
to time, reasonably request to carry out the terms and conditions of this Agreement and the other
Loan Documents and to ensure perfection and priority of the Liens created or intended to be created
by the Collateral Documents, all at the expense of the Loan Parties.

          SECTION 5.11 Pledge of Shares of German Subsidiary. By not later than the four-month
anniversary of the Effective Date or such later time as the French Administrative Agent shall agree
in its sole discretion, the Parent will cause to be delivered to the French Administrative Agent a
pledge of all of the ownership interests in Mirion Technologies (RADOS) GmbH, a German Subsidiary
of the Parent, from the Parent or Subsidiaries which hold such interests (each, a “New
Pledgor”) in order to secure the Obligations of the New Pledgor under the Guaranty (French
Obligations), together with joinders to the Guaranty (French

66

 

Obligations) from each New Pledgor and opinions of counsel reasonably satisfactory to the
French Administrative Agent.

ARTICLE VI

NEGATIVE COVENANTS

          Until the Commitments have expired or terminated and the principal of and interest on each
Loan and all fees payable hereunder have been paid in full and all Letters of Credit have expired
or terminated (or, as to any outstanding Letters of Credit, such Letters of Credit shall have been
fully cash collateralized or backed by standby letters of credit reasonably acceptable to the
Issuing Bank) and all LC Disbursements shall have been reimbursed, each Borrower covenants and
agrees with the Lenders that:

          SECTION 6.01 Indebtedness. No Borrower will, nor will it permit any of its
subsidiaries to, create, incur, assume or permit to exist any Indebtedness, except:

          (a) Indebtedness created under the Loan Documents;

          (b) Indebtedness existing on the date hereof or Indebtedness incurred pursuant to existing
lines of credit, in each case as set forth in Schedule 6.01 and extensions, renewals and
replacements of any such Indebtedness that do not increase the outstanding principal amount
thereof;

          (c) Indebtedness of the Parent to any Subsidiary and of any Subsidiary to the Parent or any
other Subsidiary;

          (d) Guarantees by the Parent of Indebtedness of any Subsidiary and by any Subsidiary of
Indebtedness of the Parent or any other Subsidiary;

          (e) Indebtedness of the Parent or any Subsidiary incurred to finance the acquisition,
construction or improvement of any fixed or capital assets, including Capital Lease Obligations and
any Indebtedness assumed in connection with the acquisition of any such assets or secured by a Lien
on any such assets prior to the acquisition thereof, and extensions, renewals and replacements of
any such Indebtedness that do not increase the outstanding principal amount thereof;
provided that (i) such Indebtedness is incurred prior to or within 90 days after such
acquisition or the completion of such construction or improvement and (ii) the aggregate principal
amount of Indebtedness permitted by this clause (e) shall not exceed $20,000,000 at any time
outstanding;

          (f) Indebtedness of the Parent or any Subsidiary as an account party in respect of trade
letters of credit;

          (g) other unsecured Indebtedness in an aggregate principal amount not exceeding $10,000,000 at
any time outstanding; provided that the aggregate principal amount of Indebtedness of the
Parent’s Subsidiaries permitted by this clause (g) shall not exceed $5,000,000 at any time
outstanding;

67

 

          (h) obligations in respect of surety, stay, customs and appeal bonds, performance bonds and
performance and completion guarantees provided by the Parent or any Subsidiary or obligations in
respect of letters of credit related thereto, in each case in the ordinary course of business or
consistent with past practice;

          (i) Indebtedness of a Person or acquired assets that is the subject of a Permitted Acquisition
which Indebtedness was in existence at the time of such Permitted Acquisition and not incurred in
contemplation thereof, and extensions, renewals and replacements of any such Indebtedness incurred
pursuant to this clause (i) that do not increase the outstanding principal amount thereof;
provided that the aggregate principal amount of Indebtedness permitted by this clause (i)
shall not exceed $10,000,000 at any time outstanding;

          (j) Indebtedness incurred in a Permitted Acquisition or disposition permitted hereunder under
agreements providing for indemnification, the adjustment of the purchase price earn-out or similar
obligations;

          (k) Subordinated Indebtedness of the Parent in an aggregate principal amount not to exceed
$50,000,000 at any time outstanding; provided, that in the case of incurrence of any such
Indebtedness in an amount of $10,000,000 or more, (i) such Subordinated Indebtedness shall be on
terms and conditions no more restrictive than those set forth in this Agreement, (ii) such
Subordinated Indebtedness shall not provide for scheduled principal payments prior to the Maturity
Date and (iii) prior to any such incurrence, the Parent shall have demonstrated compliance with
Section 6.12 on a pro forma basis after giving effect to such incurrence; and

          (l) Indebtedness of Loan Parties in an aggregate principal amount not to exceed $2,000,000 at
any time outstanding.

          SECTION 6.02 Liens. No Borrower will, nor will it permit any of its subsidiaries to,
create, incur, assume or permit to exist any Lien on any property or asset now owned or hereafter
acquired by it, or assign or sell any income or revenues (including accounts receivable) or rights
in respect of any thereof, except:

          (a) Permitted Encumbrances;

          (b) Liens pursuant to any Loan Document;

          (c) any Lien on any property or asset of the Parent or any Subsidiary existing on the date
hereof and set forth in Schedule 6.02; provided that (i) such Lien shall not apply to any
other property or asset of the Parent or any Subsidiary and (ii) such Lien shall secure only those
obligations which it secures on the date hereof and extensions, renewals and replacements thereof
that do not increase the outstanding principal amount thereof;

          (d) any Lien existing on any property or asset prior to the acquisition thereof by the Parent
or any Subsidiary or existing on any property or asset of any Person that becomes a Subsidiary
after the date hereof prior to the time such Person becomes a Subsidiary; provided that (i)
such Lien is not created in contemplation of or in connection with such acquisition or such Person
becoming a Subsidiary, as the case may be, (ii) such Lien shall not apply to any other property or
assets of the Parent or any Subsidiary (other than the proceeds or products

68

 

thereof and after-acquired property subjected to a Lien pursuant to terms existing at the time
of such acquisition, it being understood that such requirement shall not be permitted to apply to
any property to which such requirement would not have applied but for such acquisition) and (iii)
such Lien shall secure only those obligations which it secures on the date of such acquisition or
the date such Person becomes a Subsidiary, as the case may be and extensions, renewals and
replacements thereof that do not increase the outstanding principal amount thereof;

          (e) Liens on fixed or capital assets acquired, constructed or improved by the Parent or any
Subsidiary; provided that (i) such security interests secure Indebtedness permitted by
clause (e) of Section 6.01, (ii) such security interests and the Indebtedness secured thereby are
incurred prior to or within 90 days after such acquisition or the completion of such construction
or improvement, (iii) the Indebtedness secured thereby does not exceed 90% of the cost of
acquiring, constructing or improving such fixed or capital assets and (iv) such security interests
shall not apply to any other property or assets of the Parent or any Subsidiary, and extensions,
renewals and replacements thereof that do not increase the outstanding principal amount thereof;

          (f) Liens securing Indebtedness outstanding pursuant to Section 6.01(l) or other obligations
not exceeding $2,000,000 in aggregate principal amount;

          (g) any Lien arising under the general terms and conditions of banks or Sparkassen (Allgemeine
Geschäftsbedingungen der Banken oder Sparkassen) with whom any German Subsidiary maintains a
banking relationship in the ordinary course of business; and

          (h) any Lien arising under any retention of title or conditional sale arrangement or
arrangements having similar effect in respect of goods supplied to a German Subsidiary in the
ordinary course of trading and on the supplier’s standard or usual terms.

          SECTION 6.03 Fundamental Changes and Asset Sales. (a) No Borrower will, nor will it
permit any of its Subsidiaries to, merge into or consolidate with any other Person, or permit any
other Person to merge into or consolidate with it, or sell, transfer, lease or otherwise dispose of
(in one transaction or in a series of transactions) all or any substantial part of its assets, or
all or substantially all of the stock of any of its Subsidiaries (in each case, whether now owned
or hereafter acquired), or liquidate or dissolve, except that, if at the time thereof and
immediately after giving effect thereto no Default shall have occurred and be continuing (i) any
Subsidiary may merge into the Parent in a transaction in which the Parent is the surviving
corporation, (ii) any Subsidiary may merge into any Subsidiary in a transaction in which the
surviving entity is a Subsidiary, (iii) any Subsidiary may sell, transfer, lease or otherwise
dispose of its assets, including all or substantially all of the stock of any of its Subsidiaries,
to the Parent or to another Subsidiary so long as any such assets that constitute Collateral
continue to be subject to the first priority security interest of the applicable Administrative
Agent, (iv) any Subsidiary may liquidate or dissolve if the Parent determines in good faith that
such liquidation or dissolution is in the best interests of the Borrowers and is not materially
disadvantageous to the Lenders; provided that any such merger involving a Person that is
not a wholly owned Subsidiary immediately prior to such merger shall not be permitted unless also
permitted by Section 6.04, (v) the Parent or any Subsidiary may sell, transfer, lease or otherwise
dispose of inventory, cash or Permitted Investments, in each case in the ordinary course of
business, (vi) the Parent or any Subsidiary may sell, transfer, lease or otherwise dispose of
obsolete, used, surplus,

69

 

no longer used or useful or worn out property, whether now owned or hereafter acquired, (vii)
the Parent or any Subsidiary may sell, transfer, lease or otherwise dispose of property to the
extent that (A) such property is exchanged for credit against the purchase price of similar
replacement property or (B) the proceeds of such disposition are promptly applied to the purchase
price of such replacement property, and (viii) the Parent or any Subsidiary may sell, transfer,
lease or otherwise dispose of property so long as the consideration received therefrom in cash
shall not exceed $10,000,000 in the aggregate in any fiscal year of the Parent.

          (b) No Borrower will, nor will it permit any of its subsidiaries to, engage to any material
extent in any business other than businesses of the type conducted by the Parent and its
Subsidiaries on the date of execution of this Agreement and businesses reasonably related thereto.

          SECTION 6.04 Investments, Loans, Advances, Guarantees and Acquisitions. No Borrower
will, nor will it permit any of its subsidiaries to, purchase, hold or acquire (including pursuant
to any merger with any Person that was not a wholly owned Subsidiary prior to such merger) any
capital stock, evidences of indebtedness or other securities (including any option, warrant or
other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to,
Guarantee any obligations of, or make or permit to exist any investment or any other interest in,
any other Person, or purchase or otherwise acquire (in one transaction or a series of transactions)
any assets of any other Person constituting a business unit, except:

          (a) Permitted Investments;

          (b) investments existing on the Effective Date and as set forth on Schedule 6.04;

          (c) investments by the Parent or any Subsidiary in the capital stock of any Subsidiary;
provided that investments by a Loan Party after the Effective Date in the capital stock of
Subsidiaries that are not Loan Parties (or do not become Loan Parties pursuant to Section 5.09
substantially concurrently with such investment) shall not be permitted pursuant to this clause
(c);

          (d) loans or advances made by the Parent to any Subsidiary and made by any Subsidiary to the
Parent or any other Subsidiary;

          (e) Guarantees constituting Indebtedness permitted by Section 6.01;

          (f) Acquisitions meeting the following requirements or otherwise approved by the Required
Lenders (each such Acquisition constituting a “Permitted Acquisition”):

     (i) as of the date of the consummation of such Acquisition, no Default shall
have occurred and be continuing or would result from such Acquisition, and the
representations and warranties contained in Article III shall be true both
before and after giving effect to such Acquisition;

     (ii) such Acquisition is consummated on a non-hostile basis pursuant to a
negotiated acquisition agreement approved by the board of directors or other

70

 

applicable governing body of the seller or entity to be acquired, and no
material challenge to such Acquisition (excluding the exercise of appraisal rights)
shall be pending or threatened by any shareholder or director of the seller or
entity to be acquired;

     (iii) the business to be acquired in such Acquisition is similar or related to
one or more of the lines of business in which the Parent and its Subsidiaries are
engaged on the Effective Date;

     (iv) as of the date of the consummation of such Acquisition, all material
approvals required in connection therewith shall have been obtained; and

     (v) cash and non-cash consideration (excluding any Equity Interests of the
Parent and its Subsidiaries in an aggregate amount not to exceed $50,000,000) paid
by or on behalf of the Parent and its Subsidiaries for such Acquisition shall not
exceed (i) $30,000,000 if, after giving effect to such Acquisition, the Leverage
Ratio would be greater than or equal to 1.75 to 1 on a pro forma basis and (ii)
$100,000,000 if, after giving effect to such Acquisition, the Leverage Ratio would
be less than to 1.75 to 1 on a pro forma basis;

          (g) any investments acquired in connection with Permitted Acquisitions;

          (h) any investments received in connection with a disposition of assets permitted pursuant to
Section 6.03;

          (i) additional investments in an amount not to exceed $10,000,000 in the aggregate at any one
time outstanding in connection with joint ventures or in non-Loan Party Subsidiaries made after the
Effective Date;

          (j) guarantees from the Parent on behalf of its Subsidiaries in the ordinary course of
business and in connection with customer contracts and requests; and

          (k) investments not otherwise permitted under this Section 6.04 in an amount not to exceed
$10,000,000 in the aggregate outstanding at any one time.

          SECTION 6.05 Swap Agreements. No Borrower will, nor will it permit any of its
subsidiaries to, enter into any Swap Agreement, except (a) Swap Agreements entered into to hedge or
mitigate risks to which the Parent or any Subsidiary has actual exposure (other than those in
respect of Equity Interests of the Parent or any of its Subsidiaries), and (b) Swap Agreements
entered into in order to effectively cap, collar or exchange interest rates (from fixed to floating
rates, from one floating rate to another floating rate or otherwise) with respect to any
interest-bearing liability or investment of the Parent or any Subsidiary.

          SECTION 6.06 Restricted Payments.

          (a) No Borrower will, nor will it permit any of its subsidiaries to, declare or make, or agree
to pay or make, directly or indirectly, any Restricted Payment, except (i) the Parent may declare
and pay dividends with respect to its Equity Interests payable solely in

71

 

additional shares of its common stock, (ii) so long as no Default shall be continuing, if the
Leverage Ratio was 2.00 to 1 or lower as set forth on the most recent Compliance Certificate
delivered to the Administrative Agents pursuant to Section 5.01(c), the Parent may make Restricted
Payments with respect to its Equity Interests (other than repurchases, redemptions or other
acquisitions of equity Interests of the Parent) or with respect to its Subordinated Indebtedness in
an aggregate amount not to exceed, in any fiscal year of the Parent, the sum of (A) of 10% of Net
Income for the previous year and (B) Net Proceeds from the issuance of Equity Interests in the
Parent during the previous fiscal year, (iii) so long as no Default shall be continuing, Parent may
repurchase, redeem or otherwise acquire Equity Interests of the Parent in an amount not to exceed
(A) $5,000,000 during any fiscal year and (B) $15,000,000 in the aggregate after the Effective
Date, (iv) Subsidiaries may declare and pay dividends ratably with respect to their Equity
Interests and (v) the Parent may make Restricted Payments pursuant to and in accordance with stock
option plans or other benefit plans for management or employees of the Parent and its Subsidiaries.

          (b) No Borrower will, nor will it permit any of its subsidiaries to, make or agree to pay or
make, directly or indirectly, any payment or other distribution (whether in cash, securities or
other property) of or in respect of principal of or interest on any Subordinated Indebtedness, or
any payment or other distribution (whether in cash, securities or other property), including any
sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition,
cancellation or termination of any Subordinated Indebtedness, except:

     (i) payment of regularly scheduled interest as and when due in respect of any
Subordinated Indebtedness, other than payments prohibited by the subordination
provisions thereof;

     (ii) repayments or prepayments of Subordinated Indebtedness permitted by
Section 6.06(a)(ii); and

     (iii) refinancings of Subordinated Indebtedness to the extent permitted by
Section 6.01.

          SECTION 6.07 Transactions with Affiliates. No Borrower will, nor will it permit any
of its subsidiaries to, sell, lease or otherwise transfer any property or assets to, or purchase,
lease or otherwise acquire any property or assets from, or otherwise engage in any other
transactions with, any of its Affiliates, except (a) at prices and on terms and conditions not less
favorable to the Parent or such Subsidiary than could be obtained on an arm’s-length basis from
unrelated third parties, (b) transactions between or among the Parent and its wholly owned
Subsidiaries not involving any other Affiliate, (c) any Restricted Payment permitted by Section
6.06, (d) any investments permitted by Section 6.04 and (e) any transactions pursuant to the
agreements listed on Schedule 6.07.

          SECTION 6.08 Restrictive Agreements. No Borrower will, nor will it permit any of its
subsidiaries to, directly or indirectly, enter into, incur or permit to exist any agreement or
other arrangement that prohibits, restricts or imposes any condition upon (a) the ability of the
Parent or any Subsidiary to create, incur or permit to exist any Lien upon any of its property or
assets, or (b) the ability of any Subsidiary to pay dividends or other distributions with respect
to

72

 

any shares of its capital stock or to make or repay loans or advances to the Parent or any
other Subsidiary or to provide Guarantees of Indebtedness of the Parent or any other Subsidiary;
provided that (i) the foregoing shall not apply to restrictions and conditions imposed by
law, by this Agreement or by any other Loan Document, (ii) the foregoing shall not apply to
restrictions and conditions existing on the date hereof identified on Schedule 6.08 (but shall
apply to any extension or renewal of, or any amendment or modification expanding the scope of, any
such restriction or condition), (iii) the foregoing shall not apply to customary restrictions and
conditions contained in agreements relating to the sale of a Subsidiary pending such sale, provided
such restrictions and conditions apply only to the Subsidiary that is to be sold and such sale is
permitted hereunder, (iv) the foregoing shall not apply to restrictions and conditions contained in
agreements or instruments evidencing any Indebtedness of a Foreign Subsidiary permitted to be
incurred under Section 6.01, (v) clause (a) of the foregoing shall not apply to restrictions or
conditions imposed by any agreement relating to secured Indebtedness permitted by this Agreement if
such restrictions or conditions apply only to the property or assets securing such Indebtedness and
(vi) clause (a) of the foregoing shall not apply to customary provisions in leases and other
contracts restricting the assignment thereof.

          SECTION 6.09 Sale and Leaseback Transactions. No Borrower will, nor will it permit
any of its subsidiaries to, enter into any arrangement, directly or indirectly, whereby it shall
sell or transfer any property, real or personal, used or useful in its business, whether now owned
or hereafter acquired, and thereafter rent or lease such property or other property that it intends
to use for substantially the same purpose or purposes as the property sold or transferred, except
for any such sale of any fixed or capital assets by the Parent or any Subsidiary that is made for
cash consideration in an amount not less than the fair value of such fixed or capital asset and is
consummated within 90 days after such Parent or such Subsidiary acquires or completes the
construction of such fixed or capital asset.

          SECTION 6.10 Amendment of Material Documents. No Borrower will, nor will it permit
any of its subsidiaries to, amend, modify or waive any of its rights under (a) any agreement
relating to any Subordinated Indebtedness or (b) its certificate of incorporation, by-laws,
operating, management or partnership agreement or other organizational documents, in either case to
the extent any such amendment, modification or waiver would be adverse to the Lenders.

          SECTION 6.11 Changes in Fiscal Year. No Borrower will, nor will it permit any of its
subsidiaries to, change the fiscal year of the Parent or any Subsidiary.

          SECTION 6.12 Financial Covenants.

          (a) Fixed Charge Coverage Ratio. The Borrowers will not permit the Fixed Charge
Coverage Ratio, determined for any period of four consecutive fiscal quarters ending on the last
day of each fiscal quarter beginning with the fiscal quarter of the Parent ending on June 30, 2010,
to be less than 1.50 to 1.00.

          (b) Minimum Net Worth. The Borrowers shall maintain, at all times, Net Worth of not
less than an amount equal to 80% of Effective Date Net Worth plus 50% of Net

73

 

Income earned in each full fiscal quarter ending after March 31, 2010 (with no deduction for a
net loss in any such fiscal quarter).

          (c) Leverage Ratio. The Borrowers will not permit the Leverage Ratio, determined for
any period of four consecutive fiscal quarters ending on any date set forth below and beginning
with the fiscal quarter of the Parent ending on March 31, 2010, to be greater than the ratio set
forth below opposite such period:

	 	 	 
	Period	 	Ratio
	January 1, 2010 through December 31, 2010
	 	2.75 to 1.00
	 	 	 
	January 1, 2011 and thereafter
	 	2.25 to 1.00

ARTICLE VII

EVENTS OF DEFAULT

          If any of the following events (“Events of Default”) shall occur:

          (a) the Borrowers shall fail to pay any principal of any Loan or any reimbursement obligation
in respect of any LC Disbursement when and as the same shall become due and payable, whether at the
due date thereof or at a date fixed for prepayment thereof or otherwise;

          (b) the Borrowers shall fail to pay any interest on any Loan, any Revolving Credit Commitment
Fees or any fees required to be paid pursuant to Section 2.11(b), when and as the same shall become
due and payable, and such failure shall continue unremedied for a period of three Business Days;

          (c) the Borrowers shall fail to pay any other fee or amount (other than an amounts referred to
in clauses (a) and (b) of this Article) payable under this Agreement, when and as the same shall
become due and payable, and such failure shall continue unremedied for a period of ten days;

          (d) any representation or warranty made or deemed made by or on behalf of the Parent or any
Subsidiary in or in connection with this Agreement or any amendment or modification hereof or
waiver hereunder, or in any report, certificate, financial statement or other document furnished
pursuant to or in connection with this Agreement or any amendment or modification hereof or waiver
hereunder, shall prove to have been incorrect in any material respect when made or deemed made;

          (e) any Borrower shall fail to observe or perform any covenant, condition or agreement
contained in Section 5.03 (with respect to the Borrowers’ existence) or Section 5.08 or in Article
VI;

74

 

          (f) any Borrower shall fail to observe or perform any covenant, condition or agreement
contained in this Agreement (other than those specified in clause (a), (b), (c) or (e) of this
Article), and such failure shall continue unremedied for a period of 30 days (or ten days in the
case of any such failure under Section 5.02) after notice thereof from any Administrative Agent to
the Borrowers (which notice will be given at the request of any Lender);

          (g) the Parent or any Subsidiary shall fail to make any payment (whether of principal or
interest and regardless of amount) in respect of any Material Indebtedness, when and as the same
shall become due and payable;

          (h) any event or condition occurs that results in any Material Indebtedness becoming due prior
to its scheduled maturity or that enables or permits (after giving effect to any grace period) the
holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf to
cause any Material Indebtedness to become due, or to require the prepayment, repurchase, redemption
or defeasance thereof, prior to its scheduled maturity; provided that this clause (h) shall not
apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of
property or assets securing such Indebtedness;

          (i) (i) an involuntary proceeding shall be commenced or an involuntary petition shall be filed
seeking (A) liquidation, reorganization, bankruptcy, winding-up, dissolution or other relief in
respect of the Parent or any Subsidiary (other than an Immaterial Subsidiary or an Inactive
Subsidiary) or its debts, or of a substantial part of its assets, under any Federal, state or
foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect or (B) the
appointment of a receiver, interim receiver, receiver and manager, liquidator, provisional
liquidator, administrator, trustee, custodian, sequestrator, conservator, examiner, agent or
similar official for the Parent or any Subsidiary (other than an Immaterial Subsidiary or an
Inactive Subsidiary) or for a substantial part of its assets, and, in any such case, such
proceeding or petition shall continue undismissed, unstayed and undischarged for 60 days or an
order or decree approving or ordering any of the foregoing shall be entered;

     (ii) any corporate action, legal proceedings or other procedure or step is
taken in relation to:

     (A) the suspension of payments, a moratorium of any indebtedness,
winding-up, dissolution, administration, examination or reorganisation (by
way of voluntary arrangement, scheme of arrangement or otherwise) other than
on a solvent basis of any French Borrower or Foreign Guarantor;

     (B) a composition, compromise or assignment with any creditor of any
French Borrower or Foreign Guarantor; or

     (C) the appointment of a liquidator, receiver, administrative receiver,
administrator, examiner, compulsory manager or other similar officer in
respect of any French Borrower or Foreign Guarantor or any of its assets;

75

 

or any analogous procedure or step is taken with respect to any French Borrower or
Foreign Guarantor or its assets in any applicable jurisdiction (provided,
that the filing of any winding-up petition or any other corporate action, legal
proceedings or other procedure or step which is frivolous or vexatious or is being
contested in good faith and is discharged, stayed or dismissed within 21 days of
commencement shall not constitute and Event of Default); or

     (iii) any expropriation, attachment, sequestration, distress or execution or
any analogous process in any jurisdiction affects any asset or assets of a French
Borrower or Foreign Guarantor having an aggregate value of $2,000,000 and is not
discharged within 45 days;

          (j) the Parent or any Subsidiary (other than an Immaterial Subsidiary or an Inactive
Subsidiary) shall (i) voluntarily commence any proceeding or file any petition seeking liquidation,
reorganization, administration or other relief under any Federal, state or foreign bankruptcy,
insolvency, receivership or similar law now or hereafter in effect including any proceedings
described in article L.611-1 et seq. of the French Code de Commerce, (ii) consent to the
institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition
described in clause (h) of this Article, (iii) apply for or consent to the appointment of a
receiver, trustee, custodian, sequestrator, conservator or similar official for the Parent or any
Subsidiary (other than an Immaterial Subsidiary or an Inactive Subsidiary) or for a substantial
part of its assets, (iv) file an answer admitting the material allegations of a petition filed
against it in any such proceeding, (v) make a general assignment for the benefit of creditors or
(vi) take any action for the purpose of effecting any of the foregoing;

          (k) the Parent or any Subsidiary (other than an Immaterial Subsidiary or Inactive Subsidiary)
shall become unable, admit in writing its inability or fail generally to pay its debts as they
become due, or the value of the assets of any French Borrower or Foreign Guarantor is less than its
liabilities (taking into account contingent and prospective liabilities), or a moratorium is
declared in respect of any indebtedness of any French Borrower or Foreign Guarantor (if a
moratorium occurs, the ending of the moratorium will not cure any Event of Default caused by that
moratorium);

          (l) one or more judgments for the payment of money in an aggregate amount in excess of
$2,000,000 shall be rendered against the Parent, any Subsidiary or any combination thereof and the
same shall remain undischarged for a period of 30 consecutive days during which execution shall not
be effectively stayed, or any action shall be legally taken by a judgment creditor to attach or
levy upon any assets of the Parent or any Subsidiary to enforce any such judgment;

          (m) an ERISA Event shall have occurred that, in the opinion of the Required Lenders, when
taken together with all other ERISA Events that have occurred, could reasonably be expected to
result in liability of the Parent and its Subsidiaries in an aggregate amount exceeding $2,000,000;

          (n) an ERISA Multiemployer Plan Event shall have occurred that, in the opinion of the Required
Lenders, when taken together with all other ERISA Multiemployer Plan

76

 

Events that have occurred, could reasonably be expected to result in liability of the Parent
and its Subsidiaries in an aggregate amount exceeding $3,000,000; or

          (o) Change in Control shall occur;

then, and in every such event (other than an event with respect to a Borrower described in clause
(i) or (j) of this Article VII), and at any time thereafter during the continuance of such event,
the Administrative Agents may, and at the request of the Required Lenders shall, by notice to the
Borrowers, take either or both of the following actions, at the same or different times: (i)
terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii)
declare the Loans then outstanding to be due and payable in whole (or in part, in which case any
principal not so declared to be due and payable may thereafter be declared to be due and payable),
and thereupon the principal of the Loans so declared to be due and payable, together with accrued
interest thereon and all fees and other obligations of the Borrowers accrued hereunder, shall
become due and payable immediately, without presentment, demand, protest or other notice of any
kind, all of which are hereby waived by the Borrowers; and in case of any event with respect to any
Borrower described in clause (i) or (j) of this Article, the Commitments shall automatically
terminate and the principal of the Loans then outstanding, together with accrued interest thereon
and all fees and other obligations of the Borrowers accrued hereunder, shall automatically become
due and payable, without presentment, demand, protest or other notice of any kind, all of which are
hereby waived by the Borrowers.

ARTICLE VIII

THE ADMINISTRATIVE AGENT

          Each of the Lenders and the Issuing Bank hereby irrevocably appoints each Administrative Agent
as its agent and authorizes each Administrative Agent to take such actions on its behalf and to
exercise such powers as are delegated to such Administrative Agent by the terms hereof, together
with such actions and powers as are reasonably incidental thereto.

          Each bank serving as an Administrative Agent hereunder shall have the same rights and powers
in its capacity as a Lender as any other Lender and may exercise the same as though it were not an
Administrative Agent, and such bank and its Affiliates may accept deposits from, lend money to and
generally engage in any kind of business with the Parent or any Subsidiary or other Affiliate
thereof as if it were not an Administrative Agent hereunder.

          The Administrative Agents shall not have any duties or obligations except those expressly set
forth herein. Without limiting the generality of the foregoing, (a) the Administrative Agents
shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has
occurred and is continuing, (b) the Administrative Agents shall not have any duty to take any
discretionary action or exercise any discretionary powers, except discretionary rights and powers
expressly contemplated hereby that the applicable Administrative Agent is required to exercise in
writing as directed by the Required Lenders (or such other number or percentage of the Lenders as
shall be necessary under the circumstances as provided in Section 9.02), and (c) except as
expressly set forth herein, the Administrative Agents shall not have any duty to disclose, and
shall not be liable for the failure to disclose, any

77

 

information relating to the Parent or any of its Subsidiaries that is communicated to or
obtained by either bank serving as Administrative Agent or any of their respective Affiliates in
any capacity. Neither Administrative Agent shall be liable for any action taken or not taken by it
with the consent or at the request of the Required Lenders (or such other number or percentage of
the Lenders as shall be necessary under the circumstances as provided in Section 9.02) or in the
absence of its own gross negligence or wilful misconduct. Each Administrative Agent shall be
deemed not to have knowledge of any Default unless and until written notice thereof is given to
such Administrative Agent by a Borrower or a Lender, and neither Administrative Agent shall be
responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or
representation made in or in connection with this Agreement, (ii) the contents of any certificate,
report or other document delivered hereunder or in connection herewith, (iii) the performance or
observance of any of the covenants, agreements or other terms or conditions set forth herein, (iv)
the validity, enforceability, effectiveness or genuineness of this Agreement or any other
agreement, instrument or document, or (v) the satisfaction of any condition set forth in Article IV
or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to
such Administrative Agent.

          Each Administrative Agent shall be entitled to rely upon, and shall not incur any liability
for relying upon, any notice, request, certificate, consent, statement, instrument, document or
other writing believed by it to be genuine and to have been signed or sent by the proper Person.
Each Administrative Agent also may rely upon any statement made to it orally or by telephone and
believed by it to be made by the proper Person, and shall not incur any liability for relying
thereon. Each Administrative Agent may consult with legal counsel (who may be counsel for any
Borrower), independent accountants and other experts selected by it, and shall not be liable for
any action taken or not taken by it in accordance with the advice of any such counsel, accountants
or experts.

          Each Administrative Agent may perform any and all its duties and exercise its rights and
powers by or through any one or more sub-agents appointed by such Administrative Agent. Each
Administrative Agent and any such sub-agent may perform any and all its duties and exercise its
rights and powers through their respective Related Parties. The exculpatory provisions of the
preceding paragraphs shall apply to any such sub-agent and to the Related Parties of each
Administrative Agent and any such sub-agent, and shall apply to their respective activities in
connection with the syndication of the credit facilities provided for herein as well as activities
as Administrative Agent.

          Subject to the appointment and acceptance of a successor Administrative Agent as provided in
this paragraph, any Administrative Agent may resign at any time by notifying the Lenders, the
Issuing Bank and the Borrowers. Upon any such resignation, the Required Lenders shall have the
right, in consultation with and, provided no Event of Default has occurred and is continuing,
subject to the consent of (such consent not to be unreasonably withheld), the Parent, to appoint a
successor. If no successor shall have been so appointed by the Required Lenders and shall have
accepted such appointment within 30 days after the retiring Administrative Agent gives notice of
its resignation, then the retiring Administrative Agent may, on behalf of the Lenders and the
Issuing Bank, appoint a successor Administrative Agent which shall be a bank with an office (a) in
the case of a successor Domestic Administrative Agent, in New York, New York and (b) in the case of
a successor French Administrative Agent, in London, or an Affiliate

78

 

of any such bank. Upon the acceptance of its appointment as Administrative Agent hereunder by
a successor, such successor shall succeed to and become vested with all the rights, powers,
privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent
shall be discharged from its duties and obligations hereunder. The fees payable by the Borrowers
to a successor Administrative Agent shall be the same as those payable to its predecessor unless
otherwise agreed between the Borrowers and such successor. After any Administrative Agent’s
resignation hereunder, the provisions of this Article VIII and Section 9.03 shall continue in
effect for the benefit of such retiring Administrative Agent, its sub agents and their respective
Related Parties in respect of any actions taken or omitted to be taken by any of them while it was
acting as Administrative Agent.

          Each Lender acknowledges that it has, independently and without reliance upon any
Administrative Agent or any other Lender and based on such documents and information as it has
deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each
Lender also acknowledges that it will, independently and without reliance upon any Administrative
Agent or any other Lender and based on such documents and information as it shall from time to time
deem appropriate, continue to make its own decisions in taking or not taking action under or based
upon this Agreement, any related agreement or any document furnished hereunder or thereunder.

          Each Administrative Agent, the Lenders and the Issuing Bank appoint the French Administrative
Agent to act as security trustee under and in connection with the Foreign Security Documents on the
terms and conditions set out in Schedule 8.

          Each Lender hereby authorizes the Administrative Agents to execute the Intercreditor
Agreement.

ARTICLE IX

MISCELLANEOUS

          SECTION 9.01 Notices. (a) Except in the case of notices and other communications
expressly permitted to be given by telephone (and subject to paragraph (b) below), all notices and
other communications provided for herein shall be in writing and shall be delivered by hand or
overnight courier service, mailed by certified or registered mail or sent by telecopy, as follows:

     (i) if to any Borrower, to the Parent at 3000 Executive Parkway, San Ramon, CA,
94583, Attention of Jack Pacheco, Chief Financial Officer (Telecopy No. (925)
543-0808), with a copy to General Counsel (Telecopy No. (925) 543-0808);

     (ii) if to the Domestic Administrative Agent, the Issuing Bank or the Swingline
Lender, to JPMorgan Chase Bank, Loan Operations, 1111 Fannin, 10 S. Dearborn, Floor
7, Chicago, Illinois, Attention of Latanya Driver (Telecopy No. (312) 385-7096);

79

 

     (iii) if to the French Administrative Agent, to J.P. Morgan Europe Limited, 125
London Wall, London, EC2Y 5AJ, United Kingdom, attention of Alastair A. Stevenson;
and

     (iv) if to any other Lender, to it at its address (or telecopy number) set
forth in its Administrative Questionnaire.

          (b) Notices and other communications to the Lenders hereunder may be delivered or furnished by
electronic communications pursuant to procedures approved by the Domestic Administrative Agent;
provided that the foregoing shall not apply to notices pursuant to Article II unless
otherwise agreed by the applicable Administrative Agent and the applicable Lender. Any
Administrative Agent or the Parent may, in its discretion, agree to accept notices and other
communications to it hereunder by electronic communications pursuant to procedures approved by it;
provided that approval of such procedures may be limited to particular notices or
communications.

          (c) Any party hereto may change its address or telecopy number for notices and other
communications hereunder by notice to the other parties hereto. All notices and other
communications given to any party hereto in accordance with the provisions of this Agreement shall
be deemed to have been given on the date of receipt.

          SECTION 9.02 Waivers; Amendments. (a) No failure or delay by any Administrative
Agent, the Issuing Bank or any Lender in exercising any right or power hereunder shall operate as a
waiver thereof, nor shall any single or partial exercise of any such right or power, or any
abandonment or discontinuance of steps to enforce such a right or power, preclude any other or
further exercise thereof or the exercise of any other right or power. The rights and remedies of
the Administrative Agents, the Issuing Bank and the Lenders hereunder are cumulative and are not
exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of
this Agreement or consent to any departure by any Borrower therefrom shall in any event be
effective unless the same shall be permitted by paragraph (b) of this Section 9.02, and then such
waiver or consent shall be effective only in the specific instance and for the purpose for which
given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a
Letter of Credit shall not be construed as a waiver of any Default, regardless of whether any
Administrative Agent, any Lender or the Issuing Bank may have had notice or knowledge of such
Default at the time.

          (b) Neither this Agreement nor any provision hereof may be waived, amended or modified except
pursuant to an agreement or agreements in writing entered into by the Borrowers and the Required
Lenders or by the Borrowers and the Administrative Agents with the consent of the Required Lenders;
provided that no such agreement shall (i) increase the Commitment of any Lender without the
written consent of such Lender, (ii) reduce the principal amount of any Loan or LC Disbursement or
reduce the rate of interest thereon, or reduce any fees payable hereunder, without the written
consent of each Lender directly affected thereby, (iii) postpone the scheduled date of payment of
the principal amount of any Loan pursuant to Section 2.09 or LC Disbursement, or any interest
thereon, or any fees payable hereunder, or reduce the amount of, waive or excuse any such payment,
or postpone the scheduled date of expiration of any Commitment, without the written consent of each
Lender directly affected thereby, (iv)

80

 

change Section 2.17 in a manner that would alter the pro rata sharing of payments required
thereby, without the written consent of each Lender adversely affected thereby (except for
technical amendments with respect to additional extensions of credit pursuant to this Agreement
which affect the protections to such additional extensions of credit of the type provided to the
Revolving Commitments and the Term Loans on the Effective Date), or (v) change any of the
provisions of this Section 9.02 or the definition of “Required Lenders” or any other provision
hereof specifying the number or percentage of Lenders required to waive, amend or modify any rights
hereunder or make any determination or grant any consent hereunder, without the written consent of
each Lender; provided further that no such agreement shall amend, modify or
otherwise affect the rights or duties of any Administrative Agent, the Issuing Bank or the
Swingline Lender hereunder without the prior written consent of such Administrative Agent, the
Issuing Bank or the Swingline Lender, as the case may be.

          SECTION 9.03 Expenses; Indemnity; Damage Waiver. (a) The Parent shall pay (i) all
reasonable out of pocket expenses incurred by each Administrative Agent and its Affiliates,
including the reasonable fees, charges and disbursements of counsel for the Administrative Agents,
in connection with the syndication of the credit facilities provided for herein, the preparation
and administration of this Agreement or any other Loan Document or any amendments, modifications
 or waivers of the provisions
hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii)
all reasonable out-of-pocket expenses incurred by the Issuing Bank in connection with the issuance,
amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and
(iii) all out-of-pocket expenses incurred by any Administrative Agent, the Issuing Bank or any
Lender, including the fees, charges and disbursements of any counsel for any Administrative Agent,
the Issuing Bank or any Lender, in connection with the enforcement or protection of its rights in
connection with this Agreement or any other Loan Document, including its rights under this Section 9.03, or in connection with
the Loans made or Letters of Credit issued hereunder, including all such out of pocket expenses
incurred during any workout or restructuring in respect of such Loans or Letters of Credit.

          (b) The Borrowers shall, severally but not jointly, indemnify each Administrative Agent, the
Issuing Bank and each Lender, and each Related Party of any of the foregoing Persons (each such
Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any
and all losses, claims, damages, liabilities and related expenses, including the fees, charges and
disbursements of any counsel for any Indemnitee, incurred by or asserted against any Indemnitee
arising out of, in connection with, or as a result of (i) the execution or delivery of this
Agreement or any agreement or instrument contemplated hereby, the performance by the parties hereto
of their respective obligations hereunder or the consummation of the Transactions or any other
transactions contemplated hereby, (ii) any Loan or Letter of Credit or the use of the proceeds
therefrom (including any refusal by the Issuing Bank to honor a demand for payment under a Letter
of Credit if the documents presented in connection with such demand do not strictly comply with the
terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous
Materials on or from any property owned or operated by the Parent or any of its Subsidiaries, or
any Environmental Liability related in any way to the Parent or any of its Subsidiaries, or (iv)
any actual or prospective claim, litigation, investigation or proceeding relating to any of the
foregoing, whether based on contract, tort or any other theory and regardless of whether any
Indemnitee is a party thereto; provided that such indemnity shall not, as to any
Indemnitee, be available to the extent that such losses, claims,

81

 

damages, liabilities or related expenses are determined by a court of competent jurisdiction
by final judgment to have resulted from the gross negligence or wilful misconduct of such
Indemnitee.

          (c) To the extent that any Borrower fails to pay any amount required to be paid by it to any
Administrative Agent, the Issuing Bank or the Swingline Lender under paragraph (a) or (b) of this
Section, each Lender severally agrees to pay to such Administrative Agent, the Issuing Bank or the
Swingline Lender, as the case may be, such Lender’s pro rata share (determined as of the time that
the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount;
provided that the unreimbursed expense or indemnified loss, claim, damage, liability or
related expense, as the case may be, was incurred by or asserted against such Administrative Agent,
the Issuing Bank or the Swingline Lender in its capacity as such.

          (d) To the extent permitted by applicable law, the Borrowers shall not assert, and hereby
waive, any claim against any Indemnitee, on any theory of liability, for special, indirect,
consequential or punitive damages (as opposed to direct or actual damages) arising out of, in
connection with, or as a result of, this Agreement or any agreement or instrument contemplated
hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof.

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

          SECTION 9.04 Successors and Assigns. (a) The provisions of this Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby (including any Affiliate of the Issuing Bank that issues any Letter of
Credit), except that (i) the Borrowers may not assign or otherwise transfer any of their rights or
obligations hereunder without the prior written consent of each Lender (and any attempted
assignment or transfer by any Borrower without such consent shall be null and void) and (ii) no
Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance
with this Section 9.04. 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 (including any Affiliate of the Issuing Bank that issues any Letter of Credit),
Participants (to the extent provided in paragraph (c) of this Section 9.04) and, to the extent
expressly contemplated hereby, the Related Parties of each of the Administrative Agents, the
Issuing Bank and the Lenders) any legal or equitable right, remedy or claim under or by reason of
this Agreement.

          (b) (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign
to one or more assignees (which assignees shall not be a Loan Party, any member of the Sponsor
Group or any of their respective Affiliates) all or a portion of its rights and obligations under
this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it)
with the prior written consent (such consent not to be unreasonably withheld) of:

82

 

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

     (B) the applicable Administrative Agent; and

     (C) the Issuing Bank, provided that no consent of the Issuing
Bank shall be required for an assignment of all or any portion of a Term
Loan.

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

     (A) except in the case of an assignment to a Lender or an Affiliate of
a Lender or an assignment of the entire remaining amount of the assigning
Lender’s Commitment or Loans of any Class, the amount of the Commitment or
Loans of the assigning Lender subject to each such assignment (determined as
of the date the Assignment and Assumption with respect to such assignment is
delivered to the Administrative Agent) shall not be less than (x)
$5,000,000, in the case of a Revolving Commitment, (y) $1,000,000, in the
case of a Domestic Term Loan, or (z) 1,000,000 EUR, in the case of a French
Term Loan, in each case unless each of the applicable Borrower and the
applicable Administrative Agent otherwise consent, provided that no
such consent of any Borrower shall be required if an Event of Default has
occurred and is continuing;

     (B) each partial assignment shall be made as an assignment of a
proportionate part of all the assigning Lender’s rights and obligations
under this Agreement, provided that this clause shall not be
construed to prohibit the assignment of a proportionate part of all the
assigning Lender’s rights and obligations in respect of one Class of
Commitments or Loans;

     (C) the parties to each assignment shall execute and deliver to the
applicable Administrative Agent an Assignment and Assumption, together with
a processing and recordation fee of $3,500;

     (D) the assignee, if it shall not be a Lender, shall deliver to the
applicable Administrative Agent an Administrative Questionnaire in which the
assignee designates one or more credit contacts to whom all syndicate-level
information (which may contain material non-public information about the
Loan Parties and their related parties or their respective securities) will
be made available and who may receive such information in accordance with
the assignee’s compliance procedures and applicable laws, including Federal
and state securities laws; and

83

 

     (E) the assignee shall be a Qualifying French Lender in the case of an
assignment of any French Term Commitment or French Term Loans.

          For the purposes of this Section 9.04(b), the term “Approved Fund” has the following
meaning:

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

     (iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) of this
Section 9.04, from and after the effective date specified in each Assignment and Assumption
the assignee thereunder shall be a party hereto and, to the extent of the interest assigned
by such Assignment and Assumption, have the rights and obligations of a Lender under this
Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned
by such Assignment and Assumption, be released from its obligations under this Agreement
(and, in the case of an Assignment and Assumption covering all of the assigning Lender’s
rights and obligations under this Agreement, such Lender shall cease to be a party hereto
but shall continue to be entitled to the benefits of Sections 2.14, 2.15, 2.16 and 9.03).
Any assignment or transfer by a Lender of rights or obligations under this Agreement that
does not comply with this Section 9.04 shall be treated for purposes of this Agreement as a
sale by such Lender of a participation in such rights and obligations in accordance with
paragraph (c) of this Section 9.04.

     (iv) The Domestic Administrative Agent, acting for this purpose as an agent of the
Borrowers, shall maintain at one of its offices in the United States a copy of each
Assignment and Assumption delivered to it and a register for the recordation of the names
and addresses of the Lenders, and the Commitment of, and principal amount of the Loans and
LC Disbursements owing to, each Lender pursuant to the terms hereof from time to time (the
“Register”). The entries in the Register shall be conclusive, and the Borrowers,
the Administrative Agents, the Issuing Bank and the Lenders may treat each Person whose name
is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all
purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be
available for inspection by the Borrowers, the Issuing Bank and any Lender, at any
reasonable time and from time to time upon reasonable prior notice.

     (v) Upon its receipt of a duly completed Assignment and Assumption executed by an
assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire
(unless the assignee shall already be a Lender hereunder), the processing and recordation
fee referred to in paragraph (b) of this Section 9.04 and any written consent to such
assignment required by paragraph (b) of this Section 9.04, the applicable Administrative
Agent shall accept such Assignment and Assumption and record the information contained
therein in the Register; provided that if either the assigning Lender or the
assignee shall have failed to make any payment required to be

84

 

made by it pursuant to Section 2.04(c), 2.05(d) or (e), 2.06(b), 2.17(d) or 9.03(c),
the applicable Administrative Agent shall have no obligation to accept such Assignment and
Assumption and record the information therein in the Register unless and until such payment
shall have been made in full, together with all accrued interest thereon. No assignment
shall be effective for purposes of this Agreement unless it has been recorded in the
Register as provided in this paragraph.

          (c) (i) Any Lender may, without the consent of any Borrower, any Administrative Agent, the
Issuing Bank or the Swingline Lender, sell participations to one or more banks or other entities (a
“Participant”) in all or a portion of such Lender’s rights and obligations under this
Agreement (including all or a portion of its Commitment and the Loans owing to it);
provided that (A) such Lender’s obligations under this Agreement shall remain unchanged,
(B) such Lender shall remain solely responsible to the other parties hereto for the performance of
such obligations and (C) the Borrowers, the Administrative Agents, the Issuing Bank and the other
Lenders shall continue to deal solely and directly with such Lender in connection with such
Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to
which a Lender sells such a participation shall provide that such Lender shall retain the sole
right to enforce this Agreement and to approve any amendment, modification or waiver of any
provision of this Agreement; provided that such agreement or instrument may provide that
such Lender will not, without the consent of the Participant, agree to any amendment, modification
or waiver described in the first proviso to Section 9.02(b) that affects such Participant. Subject
to paragraph (c)(ii) of this Section, each Borrower agrees that each Participant shall be entitled
to the benefits of Sections 2.14, 2.15 and 2.16 to the same extent as if it were a Lender and had
acquired its interest by assignment pursuant to paragraph (b) of this Section 9.04. To the extent
permitted by law, each Participant also shall be entitled to the benefits of Section 9.08 as though
it were a Lender, provided such Participant agrees to be subject to Section 2.17(c) as though it
were a Lender.

     (ii) A Participant shall not be entitled to receive any greater payment under
Section 2.14 or 2.16 than the applicable Lender would have been entitled to receive
with respect to the participation sold to such Participant, unless the sale of the
participation to such Participant is made with the Borrowers’ prior written consent.
A Participant shall not be entitled to the benefits of Section 2.16 unless the
Borrowers are notified of the participation sold to such Participant and such
Participant agrees, for the benefit of the Borrowers, to comply with Section 2.16(e)
as though it were a Lender.

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

          (e) Each Lender that sells a participation shall, acting solely for this purpose as an
non-fiduciary agent of the Borrowers, maintain at one of its offices in the United States a

85

 

register on which it enters the name and address of each Participant and the principal amounts
(and stated interest) of each Participant’s interest in the Loans or other obligations under this
Agreement (the “Participant Register”). The entries in the Participant Register shall be
conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in
the Participant Register as the owner of such participation for all purposes of this Agreement
notwithstanding any notice to the contrary.

          SECTION 9.05 Survival. All covenants, agreements, representations and warranties
made by any Borrower herein and in the certificates or other instruments delivered in connection
with or pursuant to this Agreement shall be considered to have been relied upon by the other
parties hereto and shall survive the execution and delivery of this Agreement and the making of any
Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other
party or on its behalf and notwithstanding that any Administrative Agent, the Issuing Bank or any
Lender may have had notice or knowledge of any Default or incorrect representation or warranty at
the time any credit is extended hereunder, and shall continue in full force and effect as long as
the principal of or any accrued interest on any Loan or any fee or any other amount payable under
this Agreement is outstanding and unpaid or any Letter of Credit is outstanding and so long as the
Commitments have not expired or terminated. The provisions of Sections 2.14, 2.15, 2.16 and 9.03
and Article VIII shall survive and remain in full force and effect regardless of the consummation
of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination
of the Letters of Credit and the Commitments or the termination of this Agreement or any provision
hereof.

          SECTION 9.06 Counterparts; Integration; Effectiveness. This Agreement may be
executed in counterparts (and by different parties hereto on different counterparts), each of which
shall constitute an original, but all of which when taken together shall constitute a single
contract. This Agreement and any separate letter agreements with respect to fees payable to any
Administrative Agent constitute the entire contract among the parties relating to the subject
matter hereof and supersede any and all previous agreements and understandings, oral or written,
relating to the subject matter hereof. Except as provided in Section 4.01, this Agreement shall
become effective when it shall have been executed by the Administrative Agents and when the
Domestic Administrative Agent (or its counsel) shall have received counterparts hereof which, when
taken together, bear the signatures of each of the other parties hereto, and thereafter shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or
via other electronic means satisfactory to the Administrative Agent shall be effective as delivery
of a manually executed counterpart of this Agreement.

          SECTION 9.07 Severability. Any provision of this Agreement held to be invalid,
illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such invalidity, illegality or unenforceability without affecting the validity, legality
and enforceability of the remaining provisions hereof; and the invalidity of a particular provision
in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

          SECTION 9.08 Right of Setoff. If an Event of Default under clause (a), (b), (c),
(i), (j) or (k) of Article VII shall have occurred and be continuing, or if any other Event of
Default shall have occurred and be continuing and the Required Lenders shall so consent, each

86

 

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

          SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process. (a) This
Agreement shall be construed in accordance with and governed by the law of the State of New York.

          (b) Each Borrower hereby irrevocably and unconditionally submits, for itself and its property,
to the nonexclusive jurisdiction of the Supreme Court of the State of New York sitting in New York
County and, to the extent permitted by law, of the United States District Court of the Southern
District of New York, and any appellate court from any thereof, in any action or proceeding arising
out of or relating to this Agreement, or for recognition or enforcement of any judgment, and each
of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of
any such action or proceeding may be heard and determined in such New York State or, to the extent
permitted by law, in such Federal court. Each of the parties hereto agrees that, to the extent
permitted by law, a final judgment in any such action or proceeding shall be conclusive and may be
enforced in other jurisdictions by suit on the judgment or in any other manner provided by law.
Nothing in this Agreement shall affect any right that any Administrative Agent, the Issuing Bank or
any Lender may otherwise have to bring any action or proceeding relating to this Agreement against
any Borrower or its properties in the courts of any jurisdiction.

          (c) Each Borrower hereby irrevocably and unconditionally waives, to the fullest extent it may
legally and effectively do so, any objection which it may now or hereafter have to the laying of
venue of any suit, action or proceeding arising out of or relating to this Agreement in any court
referred to in paragraph (b) of this Section 9.09. Each of the parties hereto hereby irrevocably
waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such court.

          (d) Each party to this Agreement irrevocably consents to service of process in the manner
provided for notices in Section 9.01. Nothing in this Agreement will affect the right of any party
to this Agreement to serve process in any other manner permitted by law.

          SECTION 9.10 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A)
CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS

87

 

REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF
LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES
HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS
AND CERTIFICATIONS IN THIS SECTION 9.10.

          SECTION 9.11 Headings. Article and Section headings and the Table of Contents used
herein are for convenience of reference only, are not part of this Agreement and shall not affect
the construction of, or be taken into consideration in interpreting, this Agreement.

          SECTION 9.12 Confidentiality. (a) Each of the Administrative Agents, the Issuing
Bank and the Lenders agrees to maintain the confidentiality of the Information (as defined below),
except that Information may be disclosed (i) to its and its Affiliates’ directors, officers,
employees and agents, including accountants, legal counsel and other advisors (it being understood
that the Persons to whom such disclosure is made will be informed of the confidential nature of
such Information and instructed to keep such Information confidential), (ii) to the extent
requested by any regulatory authority, (iii) to the extent required by applicable laws or
regulations or by any subpoena or similar legal process, (iv) to any other party to this Agreement,
(v) in connection with the exercise of any remedies hereunder or any suit, action or proceeding
relating to this Agreement or the enforcement of rights hereunder, (vi) subject to an agreement
containing provisions substantially the same as those of this Section 9.12, to (A) any assignee of
or Participant in, or any prospective assignee of or Participant in, any of its rights or
obligations under this Agreement or (B) any actual or prospective counterparty (or its advisors) to
any swap or derivative transaction relating to any Borrower and its obligations, (vii) with the
consent of any Borrower or (viii) to the extent such Information (A) becomes publicly available
other than as a result of a breach of this Section 9.12 or (B) becomes available to any
Administrative Agent, the Issuing Bank or any Lender on a nonconfidential basis from a source other
than a Borrower. For the purposes of this Section 9.12, “Information” means all
information received from any Borrower relating to any Borrower or its business, other than any
such information that is available to any Administrative Agent, the Issuing Bank or any Lender on a
nonconfidential basis prior to disclosure by the Borrower. Any Person required to maintain the
confidentiality of Information as provided in this Section 9.12 shall be considered to have
complied with its obligation to do so if such Person has exercised the same degree of care to
maintain the confidentiality of such Information as such Person would accord to its own
confidential information.

          (b) EACH LENDER ACKNOWLEDGES THAT INFORMATION AS DEFINED IN SECTION 9.12(a) FURNISHED TO IT
PURSUANT TO THIS AGREEMENT MAY INCLUDE MATERIAL NON-PUBLIC INFORMATION CONCERNING ANY BORROWER AND
ITS RELATED PARTIES OR THEIR RESPECTIVE SECURITIES, AND CONFIRMS THAT IT HAS DEVELOPED COMPLIANCE
PROCEDURES REGARDING THE USE OF MATERIAL NON-PUBLIC INFORMATION AND THAT IT WILL HANDLE SUCH
MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH THOSE PROCEDURES AND APPLICABLE LAW, INCLUDING
FEDERAL AND STATE SECURITIES LAWS.

88

 

          (c) ALL INFORMATION, INCLUDING REQUESTS FOR WAIVERS AND AMENDMENTS, FURNISHED BY ANY BORROWER
OR ANY ADMINISTRATIVE AGENT PURSUANT TO, OR IN THE COURSE OF ADMINISTERING, THIS AGREEMENT WILL BE
SYNDICATE-LEVEL INFORMATION, WHICH MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION ABOUT THE LOAN
PARTIES AND THEIR RELATED PARTIES OR THEIR RESPECTIVE SECURITIES. ACCORDINGLY, EACH LENDER
REPRESENTS TO THE BORROWERS AND THE ADMINISTRATIVE AGENTS THAT IT HAS IDENTIFIED IN ITS
ADMINISTRATIVE QUESTIONNAIRE A CREDIT CONTACT WHO MAY RECEIVE INFORMATION THAT MAY CONTAIN MATERIAL
NON-PUBLIC INFORMATION IN ACCORDANCE WITH ITS COMPLIANCE PROCEDURES AND APPLICABLE LAW.

          SECTION 9.13 Interest Rate Limitation. Notwithstanding anything herein to the
contrary, if at any time the interest rate applicable to any Loan, together with all fees, charges
and other amounts which are treated as interest on such Loan under applicable law (collectively the
“Charges”), shall exceed the maximum lawful rate (the “Maximum Rate”) which may be
contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance
with applicable law, the rate of interest payable in respect of such Loan hereunder, together with
all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent
lawful, the interest and Charges that would have been payable in respect of such Loan but were not
payable as a result of the operation of this Section shall be cumulated and the interest and
Charges payable to such Lender in respect of other Loans or periods shall be increased (but not
above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the
Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender.

          SECTION 9.14 USA PATRIOT Act. Each Lender that is subject to the requirements of the
USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the
“Act”) hereby notifies the Borrowers that pursuant to the requirements of the Act, it is
required to obtain, verify and record information that identifies the Borrowers, which information
includes the name and address of the Borrowers and other information that will allow such Lender to
identify the Borrowers in accordance with the Act.

          SECTION 9.15 Currency of Payment. Each payment owing by any Borrower hereunder shall
be made in the relevant Currency specified herein or, if not specified herein, specified in any
other Loan Document executed by any Administrative Agent (the “Currency of Payment”) at the
place specified herein (such requirements are of the essence of this Agreement). If, for the
purpose of obtaining judgment in any court, it is necessary to convert a sum due hereunder in a
Currency of Payment into another Currency, the parties hereto agree that the rate of exchange used
shall be that at which, in accordance with normal banking procedures, the Domestic Administrative
Agent could purchase such Currency of Payment with such other currency at the Exchange Rate on the
Business Day preceding that on which final judgment is given. The obligations in respect of any
sum due hereunder to any Lender or any Issuing Bank shall, notwithstanding any adjudication
expressed in a currency other than the Currency of Payment, be discharged only to the extent that,
on the Business Day following receipt by such Lender or Issuing Bank of any sum adjudged to be so
due in such other Currency, such Lender or

89

 

Issuing Bank may, in accordance with normal banking procedures, purchase the Currency of
Payment with such other currency. Each Borrower agrees that, to the fullest extent permitted by
law, (a) if the amount of the Currency of Payment so purchased is less than the sum originally due
to such Lender or Issuing Bank in the Currency of Payment, as a separate obligation and
notwithstanding the result of any such adjudication, such Borrower shall promptly pay the shortfall
(in the Currency of Payment) to such Lender or Issuing Bank and (b) if the amount of the Currency
of Payment so purchased exceeds the sum originally due to such Lender or Issuing Bank, such Lender
or Issuing Bank shall promptly pay the excess over to such Borrower in the currency and to the
extent actually received.

90

 

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

	 	 	 	 	 	 	 
	 	 	MIRION TECHNOLOGIES, INC.,	 	 
	 	 	as the Parent	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 

     Name:
	 	 
	 

	 	 	 	     Title:	 	 

91

 

	 	 	 	 	 	 	 
	 	 	MIRION TECHNOLOGIES (SYNODYS) SA,	 	 
	 	 	as a French Borrower	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 

     Name:
	 	 
	 

	 	 	 	     Title:	 	 
	 
	 	 	 	 	 	 
	 	 	MIRION TECHNOLOGIES (IST FRANCE) SAS,	 	 
	 	 	as a French Borrower	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 

     Name:
	 	 
	 

	 	 	 	     Title:	 	 

92

 

	 	 	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK, individually, as
 Domestic
Administrative Agent, as Swingline
 Lender, as Issuing
Bank, as a Domestic Term
 Lender and as a Revolving
Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 

     Name:
	 	 
	 

	 	 	 	     Title:	 	 

93

 

	 	 	 	 	 	 	 
	 	 	J.P. MORGAN EUROPE LIMITED, individually, as French
Administrative Agent and as a French Term Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 

     Name:
	 	 
	 

	 	 	 	     Title:	 	 

94

 

	 	 	 	 	 	 	 
	 	 	[OTHER BANKS], as a Revolving Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 

     Name:
	 	 
	 

	 	 	 	     Title:	 	 

95

 

	 	 	 	 	 	 	 
	 	 	[OTHER BANKS], as a Domestic Term Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 

     Name:
	 	 
	 

	 	 	 	     Title:	 	 

96

 

	 	 	 	 	 	 	 
	 	 	[OTHER BANKS], as a French Term Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

	 	 	 	 

     Name:
	 	 
	 

	 	 	 	     Title:	 	 

97

 

Schedule 1.01(a)

EXISTING LETTERS OF CREDIT

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Total Amount	 	 	 	 
	Location	 	Lender	 	Available	 	Expiration date	 	Currency
	Mirion Technologies

(IST France) SAS

	 	JPMorgan Chase Bank, N.A.
	 	 	470,538	 	 	Mar-11
	 	USD
	 

	 	JPMorgan Chase Bank, N.A.
	 	 	389,109	 	 	Nov-10
	 	USD
	 
	 	 	 	 	 	 	 	 	 	 
	Mirion Technologies
(Conax Nuclear),
Inc.

	 	JPMorgan Chase Bank, N.A.
	 	 	19,200	 	 	Sep-10
	 	USD
	 

	 	JPMorgan Chase Bank, N.A.
	 	 	544,989	 	 	Oct-10
	 	USD
	 

	 	JPMorgan Chase Bank, N.A.
	 	 	544,989	 	 	Oct-10
	 	USD
	 

	 	JPMorgan Chase Bank, N.A.
	 	 	459,018	 	 	Dec-10
	 	USD
	 

	 	JPMorgan Chase Bank, N.A.
	 	 	459,018	 	 	Dec-10
	 	USD
	 

	 	JPMorgan Chase Bank, N.A.
	 	 	434,909	 	 	Feb-11
	 	USD
	 

	 	JPMorgan Chase Bank, N.A.
	 	 	434,909	 	 	Feb-11
	 	USD
	 

	 	JPMorgan Chase Bank, N.A.
	 	 	20,661	 	 	Jul-11
	 	USD
	 

	 	JPMorgan Chase Bank, N.A.
	 	 	20,539	 	 	Jul-12
	 	USD
	 
	 	 	 	 	 	 	 	 	 	 
	Mirion Technologies
(MGPI), Inc.

	 	JPMorgan Chase Bank, N.A.
	 	 	702,183	 	 	Dec-10
	 	USD
	 
	 	 	 	 	 	 	 	 	 	 
	Mirion Technologies
(IST) Ltd.

	 	JPMorgan Chase Bank, N.A.
	 	 	64,520	 	 	Apr-10
	 	USD

 

SCHEDULE 2.20

MANDATORY COST FORMULAE

	1.	 	The Mandatory Cost is an addition to the interest rate to compensate Lenders for the cost of
compliance with (a) the requirements of the Bank of England and/or the Financial Services
Authority (or, in either case, any other authority which replaces all or any of its functions)
or (b) the requirements of the European Central Bank.
	 
	2.	 	On the first day of each Interest Period (or as soon as possible thereafter) the applicable
Administrative Agent shall calculate, as a percentage rate, a rate (the “Additional Cost
Rate”) for each Lender, in accordance with the paragraphs set out below. The Mandatory
Cost will be calculated by the applicable Administrative Agent as a weighted average of the
Lenders’ Additional Cost Rates (weighted in proportion to the percentage participation of each
Lender in the relevant Loan) and will be expressed as a percentage rate per annum.
	 
	3.	 	The Additional Cost Rate for any Lender lending from a Facility Office in a Participating
Member State will be the percentage notified by that Lender to the applicable Administrative
Agent. This percentage will be certified by that Lender in its notice to the Applicable
Administrative Agent to be its reasonable determination of the cost (expressed as a percentage
of that Lender’s participation in all Loans made from that Facility Office) of complying with
the minimum reserve requirements of the European Central Bank in respect of loans made from
that Facility Office.
	 
	4.	 	The Additional Cost Rate for any Lender lending from a Facility Office in the United Kingdom
will be calculated by the applicable Administrative Agent as follows:

	 	(a)	 	in relation to a sterling Loan:

	 	 	 

	AB
+ C(B − D) + E × 0.01
 

100 − (A + C)

	 	percent per annum

	 	(b)	 	in relation to a Loan in any currency other than sterling:

	 	 	 

	E × 0.01
 

300

	 	percent per annum.

	 	Where:	 
	 
	 	A	 	is the percentage of Eligible Liabilities (assuming these to be in excess of
any stated minimum) which that Lender is from time to time required to maintain as an
interest free cash ratio deposit with the Bank of England to comply with cash ratio
requirements.
	 
	 	B	 	is the percentage rate of interest (excluding the Applicable Rate and the
Mandatory Cost and, if the Loan is bearing interest pursuant to Section 2.12, the
additional rate of interest specified in such Section 2.12) payable for the relevant
Interest Period on the Loan.

 

 

	 	C	 	is the percentage (if any) of Eligible Liabilities which that Lender is
required from time to time to maintain as interest bearing Special Deposits with the
Bank of England.
	 
	 	D	 	is the percentage rate per annum payable by the Bank of England to the
applicable Administrative Agent on interest bearing Special Deposits.
	 
	 	E	 	is designed to compensate Lenders for amounts payable under the Fees Rules and
is calculated by the Applicable Administrative Agent as being the average of the most
recent rates of charge supplied by the Reference Banks to the Applicable Administrative
Agent pursuant to paragraph 7 and expressed in pounds per £1,000,000.

	5.	 	For the purposes of this Schedule 2.20:

	 	(a)	 	“Eligible Liabilities” and “Special Deposits” have the meanings
given to them from time to time under or pursuant to the Bank of England Act 1998 or
(as may be appropriate) by the Bank of England;
	 
	 	(b)	 	“Fees Rules” means the rules on periodic fees contained in the
Financial Services Authority Fees Manual or such other law or regulation as may be in
force from time to time in respect of the payment of fees for the acceptance of
deposits;
	 
	 	(c)	 	“Fee Tariffs” means the fee tariffs specified in the Fees Rules under
the activity group A.1 Deposit acceptors (ignoring any minimum fee or zero rated fee
required pursuant to the Fees Rules but taking into account any applicable discount
rate); and
	 
	 	(d)	 	“Tariff Base” has the meaning given to it in, and will be calculated in
accordance with, the Fees Rules.

	6.	 	In application of the above formulae, A, B, C and D will be included in the formulae as
percentages (i.e. 5 percent will be included in the formula as 5 and not as 0.05). A negative
result obtained by subtracting D from B shall be taken as zero. The resulting figures shall
be rounded to four decimal places.

	7.	 	If requested by the applicable Administrative Agent, each Reference Bank shall, as soon as
practicable after publication by the Financial Services Authority, supply to the applicable
Administrative Agent, the rate of charge payable by that Reference Bank to the Financial
Services Authority pursuant to the Fees Rules in respect of the relevant financial year of the
Financial Services Authority (calculated for this purpose by that Reference Bank as being the
average of the Fee Tariffs applicable to that Reference Bank for that financial year) and
expressed in pounds per £1,000,000 of the Tariff Base of that Reference Bank.

	8.	 	Each Lender shall supply any information required by the Applicable Administrative Agent for
the purpose of calculating its Additional Cost Rate. In particular, but without limitation,
each Lender shall supply the following information on or prior to the date on which it becomes
a Lender:

 

 

	 	(a)	 	the jurisdiction of its Facility Office; and
	 
	 	(b)	 	any other information that the Applicable Administrative Agent may reasonably
require for such purpose.
	 
	 	Each Lender shall promptly notify the applicable Administrative Agent of any change to the
information provided by it pursuant to this paragraph.

	9.  	 	The percentages of each Lender for the purpose of A and C and the rates of charge of each
Reference Bank for the purpose of E shall be determined by the Applicable Administrative Agent
based upon the information supplied to it pursuant to Paragraphs 7 and 8 and on the assumption
that, unless a Lender notifies the applicable Administrative Agent to the contrary, each
Lender’s obligations in relation to cash ratio deposits and Special Deposits are the same as
those of a typical bank from its jurisdiction of incorporation with a Facility Office in the
same jurisdiction as its Facility Office.

	10.	 	The applicable Administrative Agent shall have no liability to any person if such
determination results in an Additional Cost Rate which over or under compensates any Lender
and shall be entitled to assume that the information provided by any Lender or Reference Bank
pursuant to Paragraphs 3, 7 and 8 is true and correct in all respects.

	11.	 	The applicable Administrative Agent shall distribute the additional amounts received as a
result of the Mandatory Cost to the Lenders on the basis of the Additional Cost Rate for each
Lender based on the information provided by each Lender and each Reference Bank pursuant to
Paragraphs 3, 7 and 8.

	12.	 	Any determination by either Administrative Agent pursuant to this Schedule 2.20 in relation
to a formula, the Mandatory Cost, an Additional Cost Rate or any amount payable to a Lender
shall, in the absence of manifest error, be conclusive and binding on all parties.

	13.	 	Either Administrative Agent may from time to time, after consultation with the Parent and the
Lenders, determine and notify to all parties any amendments which are required to be made to
this Schedule 2.20 in order to comply with any change in law, regulation or any requirements
from time to time imposed by the Bank of England, the Financial Services Authority or the
European Central Bank (or, in any case, any other authority which replaces all or any of its
functions) and any such determination shall, in the absence of manifest error, be conclusive
and binding on all parties.

 

 

Schedule 3.06

DISCLOSED MATTERS

Actions, suits and proceedings

     1. None.

Environmental matters

     1. None.

 

Schedule 4.01

INDEBTEDNESS TO BE REPAID

	1.	 	Note and Equity Purchase Agreement dated September 30, 2003, as amended, by and among Mirion
Technologies (GDS), Inc. (formerly known as Global Dosimetry Solutions, Inc.), American
Capital Financial Services, Inc. and the purchasers party thereto
	 
	2.	 	Note and Equity Purchase Agreement dated May 24, 2004, as amended, by and among IST
Acquisitions, LLC (formerly known as IST Acquisitions, Inc.), Mirion Technologies (IST)
Corporation (formerly known as Imaging and Sensing Technology Corporation) and certain of its
subsidiaries, American Capital Financial Services, Inc. and the purchasers party thereto
	 
	3.	 	Note and Equity Purchase Agreement dated June 23, 2004, as amended, by and among Mirion
Technologies (MGPI), Inc. (formerly known as MGP Instruments, Inc.), Dosimetry Acquisitions
(U.S.), LLC (formerly known as Dosimetry Acquisitions (U.S.), Inc.), American Capital
Financial Services, Inc. and the purchasers party thereto
	 
	4.	 	Shareholder Loan Agreement dated September 23, 2005, as amended, by and between American
Capital Strategies, Ltd. and Dosimetry Acquisitions (France) SAS.
	 
	5.	 	Continuing Agreement for Commercial & Standby Letters of Credit dated June 19, 2006, between
JPMorgan Chase Bank and Mirion Technologies (IST) Corporation (formerly known as Imaging and
Sensing Technology Corporation).

 

Schedule 6.04

EXISTING INVESTMENTS

	1.	 	Mirion Technologies (IST) Ltd., a Subsidiary, is a shareholder, holding 12 “A”
Shares, of Resolve Optics Ltd., a Company incorporated in England.
	 
	2.	 	Mirion Technologies (Conax Nuclear), Inc., a Subsidiary, is a shareholder, holding
14,757 shares of Common Stock of ARS Enterprises, a California corporation.

 

Schedule 6.07

TRANSACTIONS WITH AFFILIATES

	1.	 	The Parent and certain of its Subsidiaries are parties to various agreements for
Indebtedness with American Capital Ltd. and certain of its Affiliates, which are to be
repaid in full in connection with this Agreement.
	 
	2.	 	The Parent is a party to an investment banking services agreement entered into in
December 2005, with American Capital Financial Services Ltd., which is expected to be
terminated in connection with this Agreement.
	 
	3.	 	The Parent is party to a letter agreement entered into March 18, 2010, with each
holder of its convertible preferred stock, under which in lieu of dividends otherwise
payable in the form of additional shares of convertible preferred stock, for the period
from March 1, 2010 through the Effective Date, the Parent will pay cash dividends on shares of its outstanding preferred stock at a rate equal to the number of shares of
common stock such holders would have received upon conversion of the preferred stock such
holders would have received in dividends during that period multiplied by the initial
public offering price of the Equity Offering.
	 
	4.	 	The Parent will be party to that certain registration rights agreement expected to be
entered into upon the consummation of the Equity Offering, with American Capital Ltd. and
certain of its Affiliates, Thomas D. Logan, W. Antony Besso and certain other
stockholders, under which these stockholders may require the Parent to register their shares of common stock under the securities laws for sale.
	 
	5.	 	The Parent will be party to certain indemnification agreements expected to be entered
into upon the consummation of the Equity Offering, with certain designees of American
Capital Ltd., pursuant to which the Parent will indemnify its directors and its executive
officers in certain circumstances, and hold them harmless against any expenses and
liabilities incurred in the performance of their duties to the Company.
	 
	6.	 	The Parent will adopt certain bylaws prior to the consummation of the Equity Offering
that will provide American Capital Ltd. with the right to designate up to three members of
the Parent’s seven member board of directors as well as certain other related rights.
	 
	7.	 	Thomas D. Logan is party to a call option agreement entered into April 19, 2004, as
modified, with American Capital Ltd. and certain of its Affiliates.

 

Schedule 6.08

EXISTING RESTRICTIONS

	 	1.	 	Please refer to Schedule 6.01 for a listing of all Indebtedness.

	 	2.	 	Mirion Technologies (IST) Ltd., a Subsidiary, has entered into a Deed as security
over a deposit account with HSBC Bank Plc., dated as of November 4, 2009.

	 	3.	 	Mirion Technologies (MGPI) SA, a Subsidiary, is a party to a Loan Agreement entered
into on October 26, 2005, as amended, with Lyonnaise de Banque, in connection with
financing construction of portion of the Company’s facilities located in Lamanon, France,
under which the Subsidiary pledged certain of its real property assets as security.

	 	4.	 	Mirion Technologies (MGPI) SA, a Subsidiary, is a party to a Loan Agreement entered
into on March 30, 2010, with Crédit Lyonnais and La Banque Palatine, in connection with
the expansion of the Company’s facilities located in Lamanon, France, under which the
Subsidiary will pledge certain of its real property assets as security.

 

SCHEDULE 8

FRENCH ADMINISTRATIVE AGENT SECURITY TRUST AND AGENCY PROVISIONS

	1.	 	DEFINITIONS AND INTERPRETATIONS
	 
	1.1	 	Terms defined in the Credit Agreement
	 
	 	 	Terms defined in the Credit Agreement but not in this Schedule shall have the same meanings in
this Schedule as in the Credit Agreement.
	 
	1.2	 	Definitions
	 
	 	 	In addition, in this Schedule:
	 
	 	 	“Administrator” means any administrator appointed to manage the affairs, business and
assets of any Loan Party under the Collateral Documents.
	 
	 	 	 “Finance Party” means, individually and collectively, each Lender, each
Issuing Bank and each Administrative Agent.
	 
	 	 	 “Losses” means losses (including loss of profit), claims, demands, actions,
proceedings, damages and other payments, costs, expenses and other liabilities of any kind.
	 
	 	 	 “Receiver” means any receiver, receiver and manager, administrator or
administrative receiver appointed by the French Administrative Agent over all or any of the
Collateral under the Collateral Documents whether solely, jointly, severally or jointly and
severally with any other person and includes any substitute for any of them appointed from time to
time.
	 
	 	 	“VAT” means value added tax as provided for in the VATA 1994 or any similar or
substitute tax.
	 
	 	 	“VATA 1994” means The Value Added Tax Act 1994.
	 
	2.	 	SECURITY TRUSTEE/AGENT PROVISIONS
	 
	2.1	 	Appointment of the French Administrative Agent

	 	(a)	 	Each of the Finance Parties irrevocably appoints the French Administrative
Agent to act as its trustee in connection with the English Security Documents and the
Canadian Security Documents.
	 
	 	(b)	 	Each of the Finance Parties irrevocably appoints the French Administrative
Agent to act as its agent in connection with the French Security Documents in
accordance with Article 2328-1 of the French Civil Code and the German Security
Document.
	 
	 	(c)	 	Each of the Finance Parties authorises the French Administrative Agent to
exercise the rights, powers, authorities and discretions specifically given to the
French Administrative Agent under or in connection with the Loan Documents together
with any other incidental rights, powers, authorities and discretions.

 

 

	2.2	 	Role of the French Administrative Agent

	 	(a)	 	The French Administrative Agent shall hold the benefit of the English Security
Documents on trust for the Finance Parties. The French Administrative Agent shall be
the beneficiary of the French Security Documents, the Canadian Security Documents and
the German Security Document on behalf and in the name of the Finance Parties.
	 
	 	(b)	 	If the French Administrative Agent receives notice from a party referring to a
Loan Document, describing a Default and stating that the circumstance described is a
Default, it shall promptly notify the Finance Parties.
	 
	 	(c)	 	The French Administrative Agent does not have any duties except those expressly
set out in the Loan Documents. In particular, the French Administrative Agent shall
not be subject to the duty of care imposed on trustees by the Trustee Act 2000 and
shall not be an agent or trustee of any Loan Parties or any person under or in
connection with the Loan Documents.
	 
	 	(d)	 	Where a sum is to be paid to the French Administrative Agent under the
Collateral Documents or the Loan Documents for another Party, the French Administrative
Agent is not obliged to pay such sum to that other Party (or to enter into or perform
any related exchange contract) until it has been able to establish to its satisfaction
that it has actually received that sum.
	 
	 	(e)	 	If the French Administrative Agent pays an amount to another Party and it
proves to be the case that it had not actually received that amount, then the Party to
whom that amount (or the proceeds of any related exchange contract) was paid shall on
demand refund the same to the French Administrative Agent together with interest on
that amount from the date of payment to the date of receipt by the French
Administrative Agent, calculated by it to reflect its cost of funds.

	2.3	 	No fiduciary duties

	 	(a)	 	Except as provided in Paragraph 2.1, nothing in this Agreement constitutes the
French Administrative Agent as a trustee or fiduciary of any other person.
	 
	 	(b)	 	The French Administrative Agent shall not be bound to account to any other
Finance Party for any sum or the profit element of any sum received by it for its own
account.

	2.4	 	Business with Loan Parties
	 
	 	 	The French Administrative Agent may accept deposits from, lend money to, invest in and
generally engage in any kind of banking or other business with any Loan Parties and any
Affiliate of any Loan Parties.
	 
	2.5	 	Discretion of the French Administrative Agent

	 	(a)	 	The French Administrative Agent may rely on:

	 	(i)	 	any representation, notice, document or other communication
believed by it to be genuine, correct and appropriately authorized; and
	 
	 	(ii)	 	any statement made by a director, authorized signatory or
employee of any person regarding any matters which may reasonably be assumed to
be within his or her knowledge or within his or her power to verify.

 

 

	 	(b)	 	The French Administrative Agent may assume that:

	 	(i)	 	no Default has occurred (unless it has actual knowledge of a
Default arising under Article VII of the Credit Agreement); and
	 
	 	(ii)	 	any right, power, authority or discretion vested in any other
Finance Party has not been exercised.

	 	(c)	 	Notwithstanding that the French Administrative Agent and one or more of the
other Finance Parties may from time to time be the same entity, that entity has entered
into the Loan Documents in those separate capacities. However, where the Loan Documents
provide for the French Administrative Agent and the other Finance Parties to provide
instructions to or otherwise communicate with one or more of the others of them, then
for so long as they are the same entity it will not be necessary for there to be any
formal instructions or other communication, notwithstanding that the Loan Documents
provide in certain cases for the same to be in writing.
	 
	 	(d)	 	The French Administrative Agent may engage, pay for and rely on the advice or
services of any lawyers, accountants, surveyors or other experts.
	 
	 	(e)	 	The French Administrative Agent may act in relation to the Loan Documents
through its personnel and agents.
	 
	 	(f)	 	Except as otherwise expressly provided in the Loan Documents, the French
Administrative Agent shall be and is hereby authorised to assume without enquiry, in
the absence of actual notice to the contrary, that each Loan Party and the other
parties to any of the Loan Documents (other than the French Administrative Agent) is
duly performing and observing all the covenants and provisions contained in or arising
pursuant to the Loan Documents relating to it and on its part to be performed and
observed.
	 
	 	(g)	 	Notwithstanding any other provision of any Loan Document to the contrary, the
French Administrative Agent is not obliged to do or omit to do anything if it would or
might in its reasonable opinion constitute a breach of any law or regulation or a
breach of a fiduciary duty or duty of confidentiality.

	2.6	 	Required Lenders instructions

	 	(a)	 	Unless a contrary indication appears in a Loan Document:

	 	(i)	 	the French Administrative Agent shall act in accordance with
any instructions given to it by the Required Lenders (or, if so instructed by
the Required Lenders or in the absence of an instruction from them, refrain
from acting or exercising any power, authority, discretion or other right
vested in it as French Administrative Agent); and
	 
	 	(ii)	 	the French Administrative Agent shall not be liable for any act
(or omission) if it acts (or refrains from taking any action) in accordance
with an instruction of the Required Lenders; and
	 
	 	(iii)	 	any instructions given by the Required Lenders will be binding
on all the Lenders.

	 	(b)	 	The French Administrative Agent may refrain:

 

 

	 	(i)	 	from acting (in accordance with the instructions of the
Required Lenders (or, if appropriate, the Lenders) or otherwise) until it has
received such security and/or indemnity as it may require for any Losses
(including any associated irrevocable VAT) which it may incur in complying with
the instructions; and
	 
	 	(ii)	 	from doing anything which may in its opinion be a breach of any
law or duty of confidentiality or be otherwise actionable at the suit of any
person.

	 	(c)	 	In the absence of instructions from the Required Lenders (or, if appropriate,
the Lenders), the French Administrative Agent may act (or refrain from taking action)
as it considers to be in the best interest of the Required Lenders.
	 
	 	(d)	 	The French Administrative Agent is not authorised to act on behalf of a Lender
(without first obtaining that Lender’s consent) in any legal or arbitration proceedings
relating to any Loan Document.

	2.7	 	Responsibility for documentation
	 
	 	 	The French Administrative Agent is not responsible for:

	 	(a)	 	the adequacy, accuracy and/or completeness of any information (whether oral or
written) supplied by any Finance Party, any Loan Parties or any other person given in
or in connection with any Loan Document; or
	 
	 	(b)	 	the legality, validity, effectiveness, adequacy or enforceability of any Loan
Document or any other agreement, arrangement or other document entered into, made or
executed in anticipation of or in connection with any Loan Document.

	2.8	 	Exclusion of liability

	 	(a)	 	Without limiting Paragraph 2.8(b), the French Administrative Agent will not be
liable for any action taken by it under or in connection with any Loan Document, unless
directly caused by its gross negligence or wilful misconduct.
	 
	 	(b)	 	No Party may take any proceedings against any officer, employee or agent of the
French Administrative Agent in respect of any claim it might have against the French
Administrative Agent or in respect of any act or omission of any kind by that officer,
employee or agent in relation to any Loan Document. Any officer, employee or agent of
the French Administrative Agent may rely on this Paragraph 2.8(b).
	 
	 	(c)	 	The French Administrative Agent will not be liable for any delay (or any
related consequences) in crediting an account with an amount required under the Loan
Documents to be paid by the French Administrative Agent if the French Administrative
Agent has taken all necessary steps as soon as reasonably practicable to comply with
the regulations or operating procedures of any recognised clearing or settlement system
used by the French Administrative Agent for that purpose.
	 
	 	(d)	 	The French Administrative Agent shall not be under any obligation to insure any
of the Collateral or any certificate, note, bond or other evidence in respect of any of
them or to require any other person to maintain that insurance and shall not be
responsible for any Losses which may be suffered as a result of the lack or inadequacy
of that insurance.

 

 

	 	(e)	 	The French Administrative Agent shall not be responsible for any Losses
occasioned to the Collateral, however caused, by any Loan Parties or any other person
by any act or omission on the part of any person (including any bank, broker,
depository, warehouseman or other intermediary or any clearing system or the operator
of it), or otherwise, unless those Losses are occasioned by the French Administrative
Agent’s own gross negligence or wilful misconduct. In particular the French
Administrative Agent shall be not responsible for any Losses which may be suffered as a
result of any assets comprised in the Collateral, or any deeds or documents of title to
them, being uninsured or inadequately insured or being held by it or by or to the order
of any custodian or by clearing organisations or their operators or by any person on
behalf of the French Administrative Agent.
	 
	 	(f)	 	The French Administrative Agent shall have no responsibility to any Loan
Parties as regards any deficiency which might arise because such Loan Parties are
subject to any tax in respect of the Collateral or any income or any proceeds from or
of them.
	 
	 	(g)	 	The French Administrative Agent shall not be liable for any failure, omission
or defect in giving notice of, registering or filing, or procuring registration or
filing of, or otherwise protecting or perfecting, the security constituted over the
Collateral.

	2.9	 	Lenders’ Indemnity to the French Administrative Agent

	 	(a)	 	Each Lender shall (in proportion to its share of the Commitments1
or, if the Commitments are then zero, to its share of the Commitments immediately prior
to their reduction to zero) indemnify the French Administrative Agent, within three
Business Days of demand, against any Losses sustained or incurred by the French
Administrative Agent (otherwise than by reason of the French Administrative Agent’s
gross negligence or wilful misconduct) in acting as the French Administrative Agent
under the Loan Documents (unless the French Administrative Agent has been reimbursed by
the Loan Parties pursuant to a Loan Document.
	 
	 	(b)	 	The French Administrative Agent may, in priority to any payment to the Lenders,
indemnify itself out of the Collateral in respect of, and pay and retain, all sums
necessary to give effect to this indemnity and to all other indemnities given to it in
the other Loan Documents in its capacity as French Administrative Agent. The French
Administrative Agent shall have a Lien on the security constituted over the Collateral
and the proceeds of enforcement of any Collateral Documents for all such sums.

	2.10	 	Resignation

	 	(a)	 	The French Administrative Agent may resign and appoint one of its Affiliates
acting through an office in the United Kingdom and/or in France as successor by giving
notice to the other parties.
	 
	 	(b)	 	Alternatively the French Administrative Agent may resign by giving notice to
the other parties, in which case the Required Lenders (after consultation with the
Borrowers) may appoint a successor French Administrative Agent.
	 
	 	(c)	 	If the Required Lenders have not appointed a successor French Administrative
Agent in accordance with Paragraph 2.11(b) within 30 days after notice of resignation
was given, the French Administrative Agent may appoint a successor French

 

			
	1	 	This is meant to capture total commitments under the Credit Agreement.

 

 

	 	 	 	Administrative Agent (acting through an office in the United Kingdom and/or in
France).
	 
	 	(d)	 	The retiring French Administrative Agent shall, at its own cost, make available
to the successor French Administrative Agent any documents and records and provide any
assistance which the successor French Administrative Agent may reasonably request for
the purposes of performing its functions as French Administrative Agent under the Loan
Documents.
	 
	 	(e)	 	A notice of resignation from the French Administrative Agent shall only take
effect upon the appointment of a successor.
	 
	 	(f)	 	Upon the appointment of a successor, the retiring French Administrative Agent
shall be discharged from any further obligation in respect of the Loan Documents but
shall remain entitled to the benefit of this Paragraph 2. Its successor and each of
the other parties shall have the same rights and obligations amongst themselves as they
would have had if the successor had been an original party.
	 
	 	(g)	 	After consultation with the Borrowers, the Required Lenders may, by notice to
the French Administrative Agent, require it to resign in accordance with Paragraph
2.11(b). In this event, the French Administrative Agent shall resign in accordance
with Paragraph 2.11(b).

	2.11	 	Additional French Administrative Agent
	 
	 	 	The French Administrative Agent may at any time appoint (and subsequently remove) any person
to act as a separate agent, security trustee or as a co-trustee jointly with it (any such
person, an “Additional French Administrative Agent”):

	 	(a)	 	if it is necessary in performing its duties and if the French Administrative
Agent considers that appointment to be in the interest of the Finance Parties; or
	 
	 	(b)	 	for the purposes of complying with or confirming to any legal requirements,
restrictions or conditions which the French Administrative Agent deems to be relevant;
or
	 
	 	(c)	 	for the purposes of obtaining or enforcing any judgment or decree in any
jurisdiction,
	 
	 	and the French Administrative Agent will give notice to the other Parties of any such
appointment.

	2.12	 	Confidentiality

	 	(a)	 	In acting as security trustee or agent, as the case may be, for the Finance
Parties, the French Administrative Agent shall be regarded as acting through its
syndication or agency division which shall be treated as a separate entity from any
other of its divisions or departments.
	 
	 	(b)	 	If information is received by another division or department of the French
Administrative Agent, it may be treated as confidential to that division or department
and the French Administrative Agent shall not be deemed to have notice of it.
	 
	 	(c)	 	Notwithstanding any other provision of any Loan Document to the contrary, the
French Administrative Agent is not obliged to disclose to any other person:

 

 

	 	(i)	 	any confidential information; or
	 
	 	(ii)	 	any other information if the disclosure would or might in its
reasonable opinion constitute a breach of any law or a breach of a fiduciary
duty.

	2.13	 	Relationship with the Lenders
	 
	 	 	The French Administrative Agent may treat each Lender as a Lender, entitled to
payments under the Collateral Documents and acting through its Facility Office unless it has
received not less than five Business Days’ prior notice from that Lender to the contrary in
accordance with the terms of the relevant Collateral Document.
	 
	2.14	 	Credit Appraisal by the Lenders
	 
	 	 	Without affecting the responsibility of each Loan Party for information supplied by it or on
its behalf in connection with any Loan Document, each Lender confirms to the French
Administrative Agent that it has been, and will continue to be, solely responsible for
making its own independent appraisal and investigation of all risks arising under or in
connection with any Loan Document, including:

	 	(a)	 	the financial condition, status and nature of each Loan Party;
	 
	 	(b)	 	the legality, validity, effectiveness, adequacy or enforceability of any Loan
Document and any other agreement, arrangement or document entered into, made or
executed in anticipation of, under or in connection with any Loan Document;
	 
	 	(c)	 	whether that Lender has recourse, and the nature and extent of that recourse,
against any party or any of its respective assets under or in connection with any Loan
Document, the transactions contemplated by the Loan Documents or any other agreement,
arrangement or other document entered into, made or executed in anticipation of, under
or in connection with any Loan Document; and
	 
	 	(d)	 	the adequacy, accuracy and/or completeness of any information provided by the
French Administrative Agent, any other party or any other person under or in connection
with any Loan Document, the transactions contemplated by the Loan Documents or any
other agreement, arrangement or other document entered into, made or executed in
anticipation of, under or in connection with any Loan Document.

	2.15	 	Management time
	 
	 	 	Any amount payable to the French Administrative Agent by way of fees or indemnity under this
Credit Agreement shall include the cost of utilising the French Administrative Agent’s
management time or other resources (which will be calculated on the basis of such reasonable
daily or hourly rates as the French Administrative Agent may notify to the Parent).
	 
	2.16	 	Security Documents

	 	(a)	 	The French Administrative Agent shall accept without investigation, requisition
or objection whatever title any person may have to the assets which are subject to the
Collateral Documents and shall not:

	 	(i)	 	be bound or concerned to examine or enquire into the title of
any person; or

 

 

	 	(ii)	 	be liable for any defect or failure in the title of any person,
whether that defect or failure was known to the French Administrative Agent or
might have been discovered upon examination or enquiry and whether it is
capable of remedy or not.

	 	(b)	 	Upon the appointment of any successor French Administrative Agent under Article
VIII of the Credit Agreement, the resigning French Administrative Agent shall execute
and deliver any documents and do any other acts and things which may be necessary to
vest in the successor French Administrative Agent all the rights vested in the
resigning French Administrative Agent under the Collateral Documents.
	 
	 	(c)	 	Each of the other Finance Parties:

	 	(i)	 	authorises the French Administrative Agent to hold each
mortgage or charge or security interest created pursuant to any Loan Document
in its sole name as security trustee or agent, as the case may be, for the
Finance Parties; and
	 
	 	(ii)	 	requests the UK Land Registry to register the French
Administrative Agent as the sole proprietor of any mortgage or charge so
created.

	2.17	 	Distribution of proceeds of enforcement

	 	(a)	 	To the extent that the Collateral Documents provide for the net proceeds of any
enforcement to be applied against the Obligations, the French Administrative Agent
shall apply them in payment of any amounts due but unpaid under the Loan Documents, if
applicable in the order set out in Section 2.17(b) of the Credit Agreement. This shall
override any appropriation made by any Loan Parties.
	 
	 	(b)	 	The French Administrative Agent may, at its discretion, accumulate proceeds of
enforcement in an interest bearing account in its own name.

	2.18	 	No obligation to remain in possession
	 
	 	 	If the French Administrative Agent, any Receiver or any delegate takes possession of all or
any of the Collateral, it may from time to time in its absolute discretion relinquish such
possession.
	 
	2.19	 	French Administrative Agent’s obligation to account
	 
	 	 	The French Administrative Agent shall not in any circumstances (either by reason of taking
possession of the Collateral or for any other reason and whether as mortgagee in possession
or on any other basis):

	 	(a)	 	be liable to account to any Loan Parties or any other person for anything
except the French Administrative Agent’s own actual receipts which have not been
distributed or paid to the relevant Loan Party or the persons entitled or at the time
of payment believed by the French Administrative Agent to be entitled to them; or
	 
	 	(b)	 	be liable to any Loan Parties or any other person for any principal, interest
or Losses from or connected with any realisation by the French Administrative Agent of
the Collateral or from any act, default, omission or misconduct of the French
Administrative Agent, its officers, employees or agents in relation to the Collateral
or from any exercise or non-exercise by the French Administrative Agent of any right
exercisable by it under the French Security Documents, the English Security Documents,
the Canadian Security Documents or the German Security Document

 

 

	 	 	 	unless they shall be caused by the French Administrative Agent’s own gross
negligence or wilful misconduct.

	2.20	 	Receiver’s and delegate’s obligation to account
	 
	 	 	All the provisions of Paragraph 2.18 above shall apply in respect of the liability of any
Receiver or Administrator or delegate in all respects as though every reference in Paragraph
2.14 to the French Administrative Agent were instead a reference to the Receiver or, as the
case may be, Administrator or delegate.

 

 

EXHIBIT A

FORM OF ASSIGNMENT AND ASSUMPTION

     This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the
Effective Date set forth below and is entered into by and between [Insert name of Assignor] (the
“Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used
but not defined herein shall have the meanings given to them in the Credit Agreement identified
below (as amended, the “Credit Agreement”), receipt of a copy of which is hereby
acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached
hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment
and Assumption as if set forth herein in full.

     For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the
Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to
and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the
Effective Date inserted by the applicable Administrative Agent as contemplated below (i) all of the
Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any
other documents or instruments delivered pursuant thereto to the extent related to the amount and
percentage interest identified below of all of such outstanding rights and obligations of the
Assignor under the respective facilities identified below (including any guarantees included in
such facilities) and (ii) to the extent permitted to be assigned under applicable law, all claims,
suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against
any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any
other documents or instruments delivered pursuant thereto or the loan transactions governed thereby
or in any way based on or related to any of the foregoing, including contract claims, tort claims,
malpractice claims, statutory claims and all other claims at law or in equity related to the rights
and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and
assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as the
“Assigned Interest”). Such sale and assignment is without recourse to the Assignor and,
except as expressly provided in this Assignment and Assumption, without representation or warranty
by the Assignor.

Assignor:

& 

Assignee:

& 

[and is a [Lender][Approved Fund][Affiliate of identify Lender]]1

Borrowers: Mirion Technologies, Inc. (the “Parent”), as borrower of Revolving Loans and
Domestic Term Loans and Mirion Technologies (Synodys) SA and Mirion Technologies (IST France) SAS
(together, the “French Borrowers”), as borrowers of French Term Loans

Administrative Agents: JPMorgan Chase Bank, N.A., as the domestic administrative agent (the
“Domestic Administrative Agent”) and J.P. Morgan Europe Limited, as the French

 

			
	1	 	Select as applicable

A-1

 

administrative agent (the “French Administrative Agent”, and together with the Domestic
Administrative Agent, the “Administrative Agents”) under the Credit Agreement

Credit Agreement: The Credit Agreement dated as of March ___, 2010 among the Borrowers, the Lenders
parties thereto and the Administrative Agents

Assigned Interest

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Aggregate Amount of	 	 	Amount of	 	 	 	 
	 	 	Commitment/Loans for all	 	 	Commitment/Loans	 	 	Percentage Assigned of	 
	Facility Assigned	 	Lenders	 	 	Assigned	 	 	Commitment/Loans	 
	Revolving Commitment
	 	$	 	 	 	$	 	 	 	 	%	 
	Domestic Term Loans
	 	$	 	 	 	$	 	 	 	 	%	 
	French Term Loans
	 	EUR	 	EUR	 	 	%	 

Effective
Date: ___, 20     [TO BE INSERTED BY APPLICABLE ADMINISTRATIVE AGENT AND
WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

The terms set forth in this Assignment and Assumption are hereby agreed to:

	 	 	 	 	 
	 	ASSIGNOR

[NAME OF ASSIGNOR]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	ASSIGNEE

[NAME OF ASSIGNEE]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 

A-2

 

	 	 	 	 	 

Consented to and Accepted:

[JPMORGAN CHASE BANK, N.A.,

as Domestic Administrative Agent [and

as the Issuing Bank]2

By
Title: ]3

[J.P. MORGAN EUROPE LIMITED,

as French Administrative Agent

By

Title: ]4

[Consented to:

MIRION TECHNOLOGIES, INC.

By

Title:

MIRION TECHNOLOGIES (SYNODYS) SA

By

Title:

MIRION TECHNOLOGIES (IST FRANCE) SAS

By

Title: ]5

 

			
	2	 	Include only for assignments of Revolving
Commitments
	 
	3	 	Include only for assignments of Revolving
Commitments or Domestic Term Loans.
	 
	4	 	Include only for assignments of French Term
Loans.
	 
	5	 	Not included for assignments to any Lender,
any Affiliate of any Lender any Approved Fund or for any assignment during the
continuance of an Event of Default.

A-3

 

CREDIT AGREEMENT

STANDARD TERMS AND CONDITIONS FOR

ASSIGNMENT AND ASSUMPTION

     1. Representations and Warranties.

     (a) Assignor. The Assignor (a) represents and warrants that (i) it is the legal and
beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any
lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken
all action necessary, to execute and deliver this Assignment and Assumption and to consummate the
transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any
statements, warranties or representations made in or in connection with the Credit Agreement or any
other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness,
sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial
condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in
respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its
Subsidiaries or Affiliates or any other Person of any of their respective obligations under any
Loan Document.

     (b) Assignee. The Assignee (a) represents and warrants that (i) it has full power and
authority, and has taken all action necessary, to execute and deliver this Assignment and
Assumption and to consummate the transactions contemplated hereby and to become a Lender under the
Credit Agreement, (ii) it satisfies the requirements, if any, specified in the Credit Agreement
that are required to be satisfied by it in order to acquire the Assigned Interest and become a
Lender, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit
Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the
obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together
with copies of the most recent financial statements delivered pursuant to Section 5.01 thereof, as
applicable, and such other documents and information as it has deemed appropriate to make its own
credit analysis and decision to enter into this Assignment and Assumption and to purchase the
Assigned Interest on the basis of which it has made such analysis and decision independently and
without reliance on either Administrative Agent or any other Lender, (v) if it is a Foreign Lender,
attached to the Assignment and Assumption is any documentation required to be delivered by it
pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee and (vi)
in the case of an Assignee with respect to a French Term Commitment or any French Term Loans, it is
a Qualifying French Lender; and (b) agrees that (i) it will, independently and without reliance on
either Administrative Agent, the Assignor or any other Lender, and based on such documents and
information as it shall deem appropriate at the time, continue to make its own credit decisions in
taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with
their terms all of the obligations which by the terms of the Loan Documents are required to be
performed by it as a Lender.

     (c) Payments. From and after the Effective Date, the applicable Administrative Agent
shall make all payments in respect of the Assigned Interest (including payments of

 

 

principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to
but excluding the Effective Date and to the Assignee for amounts which have accrued from and after
the Effective Date.

     (d) General Provisions. This Assignment and Assumption shall be binding upon, and
inure to the benefit of, the parties hereto and their respective successors and assigns. This
Assignment and Assumption may be executed in any number of counterparts, which together shall
constitute one instrument. Delivery of an executed counterpart of a signature page of this
Assignment and Assumption by telecopy shall be effective as delivery of a manually executed
counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed
by, and construed in accordance with, the internal law of the State of New York.

 

 

EXHIBIT C-1

GUARANTY (DOMESTIC OBLIGATIONS)

     This GUARANTY (DOMESTIC OBLIGATIONS), dated as of [ ], 2010 (as amended, supplemented, amended
and restated or otherwise modified from time to time, this “Guaranty”), is made by each
Domestic Subsidiary of Mirion Technologies, Inc., a Delaware corporation (the “Parent”)
from time to time a party hereto (each individually, a “Guarantor” and, collectively, the
“Guarantors”), in favor of JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, in its capacity as
the domestic administrative agent (together with its successor(s) thereto in such capacity, the
“Domestic Administrative Agent”) for each of the Secured Parties (as defined below).

WITNESSETH:

     WHEREAS, pursuant to the Credit Agreement, dated as of the date hereof (as amended,
supplemented, amended and restated or otherwise modified from time to time, the “Credit
Agreement”), among the Parent, Mirion Technologies (Synodys) SA and Mirion Technologies (IST
France) SAS (together, the “French Borrowers”; and, collectively with the Parent the
“Borrowers”), the various financial institutions and other Persons from time to time party
thereto (the “Lenders”), the Domestic Administrative Agent and J.P. Morgan Europe Limited,
as French Administrative Agent, the Lenders have agreed to make French Term Loans to the French
Borrowers and to make Revolving Loans and Domestic Term Loans to the Parent;

     WHEREAS, as a condition precedent to the making of the Loans under the Credit Agreement, each
Guarantor is required to execute and deliver this Guaranty; and

     WHEREAS, capitalized terms used herein and not otherwise defined shall have the meanings
ascribed thereto in the Credit Agreement.

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, and in order to induce the Lenders to make Loans to the Parent, each Guarantor
jointly and severally agrees, for the benefit of each of the Domestic Administrative Agent, each
Domestic Term Lender and each Revolving Lender (collectively, the “Secured Parties”), as
follows:

ARTICLE I

GUARANTY PROVISIONS

     SECTION 1.1. Guaranty. Each Guarantor hereby jointly and severally absolutely,
unconditionally and irrevocably

     (a) guarantees the full and punctual payment when due, whether at stated maturity, by
required prepayment, declaration, acceleration, demand or otherwise, of all Obligations (as
defined in the Credit Agreement) of the Parent under the Loan Documents now or hereafter
existing, whether for principal, interest (including interest accruing at the then
applicable rate provided in the Credit Agreement after the occurrence of any Default set
forth in clause (i) or (j) of Article VII of the Credit Agreement,

 

 

whether or not a claim for post-filing or post-petition interest is allowed under
applicable law following the institution of a proceeding under bankruptcy, insolvency or
similar laws), fees, reimbursement obligations with respect to letters of credit or
otherwise, reasonable out-of-pocket expenses or otherwise (including all such amounts which
would become due but for the operation of the automatic stay under Section 362(a) of the
United States Bankruptcy Code, 11 U.S.C. §362(a), and the operation of Sections 502(b) and
506(b) of the United States Bankruptcy Code, 11 U.S.C. §502(b) and §506(b)) (collectively,
the “Guaranteed Obligations”); and

     (b) indemnifies and holds harmless each Secured Party for any and all costs and
expenses (including reasonable attorneys’ fees and expenses) incurred by such Secured Party
in enforcing any rights under this Guaranty; provided that such indemnity shall not,
as to any Secured Party, be available to the extent that such losses, claims, damages,
liabilities or related expenses are determined by a court of competent jurisdiction by final
judgment to have resulted from the gross negligence or wilful misconduct of such Secured
Party, (collectively, the “Indemnified Obligations”; and, collectively with the
Guaranteed Obligations, the “Obligations”);

provided that each Guarantor shall only be liable under this Guaranty for the maximum
amount of such liability that can be hereby incurred without rendering this Guaranty, as it relates
to such Guarantor, voidable under applicable law relating to fraudulent conveyance or fraudulent
transfer, and not for any greater amount. This Guaranty constitutes a guaranty of payment when due
and not of collection, and each Guarantor specifically agrees that, to the extent permitted by
applicable law, it shall not be necessary or required that any Secured Party exercise any right,
assert any claim or demand or enforce any remedy whatsoever against any Loan Party or any other
Person before or as a condition to the obligations of such Guarantor hereunder.

     SECTION 1.2. Payments Set Aside. To the extent that any payment by or on behalf of
any Guarantor is made to the Domestic Administrative Agent or any Lender, or the Domestic
Administrative Agent or any Lender exercises its right of setoff, and such payment or the proceeds
of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or
preferential, set aside or required (including pursuant to any settlement entered into by the
Domestic Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver
or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise,
then to the extent of such recovery, the obligation or part thereof originally intended to be
satisfied shall be revived and continued in full force and effect as if such payment had not been
made or such setoff had not occurred.

     SECTION 1.3. Guaranty Absolute, etc. This Guaranty shall in all respects be a
continuing, absolute, unconditional and irrevocable guaranty of payment, and, to the extent
permitted by applicable law, shall remain in full force and effect until the date (the
“Termination Date”) on which all Obligations (other than contingent indemnity and
reimbursement obligations) have been paid in full in cash, and all Revolving Commitments shall have
expired or been terminated. Each Guarantor jointly and severally guarantees that the Obligations
will, to the extent permitted by applicable law, be paid strictly in accordance with the terms of
each Loan Document under which they arise, regardless of any law, regulation or order now or
hereafter in effect in any jurisdiction affecting any of such terms or the rights of any Secured
Party with

2

 

respect thereto. The liability of each Guarantor under this Guaranty shall, to the extent
permitted by applicable law, be joint and several, absolute, unconditional and irrevocable
irrespective of:

     (a) any lack of validity, legality or enforceability of any Loan Document;

     (b) the failure of any Secured Party (i) to assert any claim or demand or to enforce
any right or remedy against any Loan Party or any other Person (including any other
guarantor) under the provisions of any Loan Document or otherwise, or (ii) to exercise any
right or remedy against any other guarantor (including any Guarantor) of, or collateral
securing, any Obligations;

     (c) any change in the time, manner or place of payment of, or in any other term of, all
or any part of the Obligations, or any other extension, compromise or renewal of any
Obligation;

     (d) any reduction, limitation, impairment or termination of any Obligations for any
reason, including any claim of waiver, release, surrender, alteration or compromise, and
shall not be subject to (and each Guarantor hereby waives any right to or claim of) any
defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the
invalidity, illegality, nongenuineness, irregularity, compromise, unenforceability of, or
any other event or occurrence affecting, any Obligations or otherwise;

     (e) any amendment to, rescission, waiver, or other modification of, or any consent to
or departure from, any of the terms of any Loan Document;

     (f) any addition, exchange or release of any collateral or of any Person that is (or
will become) a guarantor (including a Guarantor hereunder) of the Obligations, or any
surrender or non-perfection of any collateral, or any amendment to or waiver or release of
or addition to, or consent to or departure from, any other guaranty held by any Secured
Party securing any of the Obligations; or

     (g) any other circumstance which might otherwise constitute a defense available to, or
a legal or equitable discharge of, any Loan Party, any surety or any guarantor.

     SECTION 1.4. Setoff. If an Event of Default under clause (a), (b), (c), (i), (j) or
(k) of Article VII of the Credit Agreement shall have occurred and be continuing, or if any other
Event of Default shall have occurred and be continuing and the Required Lenders shall so consent,
each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to
the fullest extent permitted by law, to set off and apply any and all deposits (general or special,
time or demand, provisional or final) at any time held and other obligations at any time owing by
such Lender or Affiliate to or for the credit or the account of any Guarantor against any of and
all the obligations of any Guarantor now or hereafter existing under this Guaranty held by such
Lender, irrespective of whether or not such Lender shall have made any demand under this Guaranty
and although such obligations may be unmatured. The rights of each Lender under this Section are
in addition to other rights and remedies (including other rights of setoff) which such Lender may
have.

3

 

     SECTION 1.5. Waiver, etc. Each Guarantor hereby waives promptness, diligence, notice
of acceptance and any other notice not provided for herein with respect to any of the Obligations
and this Guaranty and any requirement that any Secured Party protect, secure, perfect or insure any
Lien, or any property subject thereto, or exhaust any right or take any action against any Loan
Party or any other Person (including any other guarantor) or entity or any collateral securing the
Obligations, as the case may be. Each Guarantor waives any rights and defenses that are or may
become available to such Guarantor by reason of §§ 2787 to 2855, inclusive, and §§ 2899 and 3433 of
the California Civil Code. As provided below, this Guaranty shall be governed by, and construed in
accordance with, the laws of the State of New York. The foregoing waivers and the provisions
hereinafter set forth in this Guaranty which pertain to California Law are included solely out of
an abundance of caution, and shall not be construed to mean that any of the above-referenced
provisions of California law are in any way applicable to this Guaranty or the Obligations.

     SECTION 1.6. Postponement of Subrogation, etc. Each Guarantor agrees that it will
not exercise any rights which it may acquire by way of rights of subrogation under this Guaranty or
any other Loan Document to which it is a party, nor shall any Guarantor seek or be entitled to seek
any contribution or reimbursement from any Loan Party, in respect of any payment made, under any
Loan Document or otherwise, until following the Termination Date. Any amount paid to any Guarantor
on account of any such subrogation rights prior to the Termination Date shall be held in trust for
the benefit of the Secured Parties and shall immediately be paid and turned over to the Domestic
Administrative Agent for the benefit of the Secured Parties in the exact form received by such
Guarantor (duly endorsed in favor of the Domestic Administrative Agent, if required), to be
credited and applied against the Obligations, whether matured or unmatured, in accordance with
Section 1.7; provided that if any Guarantor has made payment to the Secured Parties
of all or any part of the Obligations and the Termination Date has occurred, then at such
Guarantor’s request, the Domestic Administrative Agent (on behalf of the Secured Parties) will, at
the expense of such Guarantor, execute and deliver to such Guarantor appropriate documents (without
recourse and without representation or warranty) necessary to evidence the transfer by subrogation
to such Guarantor of an interest in the Obligations resulting from such payment. In furtherance of
the foregoing, at all times prior to the Termination Date, each Guarantor shall refrain from taking
any action or commencing any proceeding against any Loan Party (or any of their respective
successors or assigns, whether in connection with a bankruptcy proceeding or otherwise) to recover
any amounts in respect of payments made under this Guaranty to any Secured Party.

     SECTION 1.7. Payments; Application. Each Guarantor hereby agrees with each Secured
Party as follows:

     (a) Each Guarantor agrees that all payments made by such Guarantor hereunder will be
made in the applicable Currency to the Domestic Administrative Agent, without setoff,
counterclaim or other defense and in accordance with Section 2.17 of the Credit Agreement,
free and clear of and without deduction for any Taxes, each Guarantor hereby agreeing to
comply with and be bound by the provisions of Section 2.17 of the Credit Agreement in
respect of all payments made by it hereunder and the provisions of which Sections are hereby
incorporated into and made a part of this Guaranty by this reference as if set forth herein;
provided that references to any

4

 

“Borrower” in such Sections shall be deemed to be references to each Guarantor, and
references to “this Agreement” or “hereunder” in such Sections shall be deemed to be
references to this Guaranty.

     (b) All payments made hereunder shall be applied upon receipt to the Secured
Obligations as set forth in the Credit Agreement.

ARTICLE II

REPRESENTATIONS AND WARRANTIES

     SECTION 2.1. Representations. In order to induce the Secured Parties to enter into
the Credit Agreement and make Loans thereunder, each Guarantor represents and warrants to each
Secured Party as set forth below.

     (a) Organization; Powers. Each Guarantor is duly organized, validly existing
and, where applicable, in good standing under the laws of the jurisdiction of its
organization, has all requisite power and authority to carry on its business as now
conducted and, except where the failure to do so, individually or in the aggregate, could
not reasonably be expected to result in a Material Adverse Effect, is qualified to do
business in, and, where applicable, is in good standing in, every jurisdiction where such
qualification is required.

     (b) Authorization; Enforceability. The Guaranty is within each Guarantor’s
corporate powers and has been duly authorized by all necessary corporate and, if required,
stockholder action. This Guaranty has been duly executed and delivered by each Guarantor
and constitutes a legal, valid and binding obligation of each Guarantor, enforceable in
accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization,
moratorium or other laws affecting creditors’ rights generally and subject to general
principles of equity, regardless of whether considered in a proceeding in equity or at law.

     (c) Governmental Approvals; No Conflicts. The Guaranty (a) does not require
any consent or approval of, registration or filing with, or any other action by, any
Governmental Authority, except such as have been obtained or made and are in full force and
effect, (b) will not violate any applicable law or regulation, (c) will not violate any
charter, by-laws or other organizational documents of any Guarantor or any order of any
Governmental Authority, (d) will not violate or result in a default under any indenture,
agreement or other instrument binding upon any Guarantor or its assets, or give rise to a
right thereunder to require any payment to be made by the Guarantor, and (e) will not result
in the creation or imposition of any Lien (other than the Liens on the Collateral granted by
the Loan Parties under the Loan Documents) on any asset of any of the Parent or any of its
Subsidiaries, except for, in the case of clause (a), those consents, approvals,
negotiations, filings, or actions, the failure of which to obtain or make could not
reasonably be expected to result in a Material Adverse Effect and, in the case of clauses
(b) and (d), with respect to any violation or default to the extent such violation or
default could not reasonably be expected to have a Material Adverse Effect.

5

 

     (d) Each Guarantor has knowledge of each other Loan Party’s financial condition and
affairs and has adequate means to obtain from the Parent and each such Loan Party on an
ongoing basis information relating thereto and to such Loan Party’s ability to pay and
perform the Obligations, and agrees to assume the responsibility for keeping, and to keep,
so informed for so long as this Guaranty is in effect. Each Guarantor acknowledges and
agrees that the Secured Parties shall have no obligation to investigate the financial
condition or affairs of any Loan Party for the benefit of such Guarantor nor to advise such
Guarantor of any fact respecting, or any change in, the financial condition or affairs of
any Loan Party that might become known to any Secured Party at any time, whether or not such
Secured Party knows or believes or has reason to know or believe that any such fact or
change is unknown to such Guarantor, or might (or does) materially increase the risk of such
Guarantor as guarantor, or might (or would) affect the willingness of such Guarantor to
continue as a guarantor of the Obligations.

     (e) It is in the best interests of each Guarantor to execute this Guaranty inasmuch as
such Guarantor will, as a result of being a Subsidiary of the Parent, derive substantial
direct and indirect benefits from the Loans made from time to time to the Parent by the
Lenders pursuant to the Credit Agreement, and each Guarantor agrees that the Secured Parties
are relying on this representation in agreeing to make Loans to the Borrower.

ARTICLE III

MISCELLANEOUS PROVISIONS

     SECTION 3.1. Loan Document. This Guaranty is a Loan Document executed pursuant to
the Credit Agreement and shall (unless otherwise expressly indicated herein) be construed,
administered and applied in accordance with the terms and provisions thereof. To the extent of any
conflict between the terms contained in this Guaranty and the terms contained in the Credit
Agreement, the terms of the Credit Agreement shall control.

     SECTION 3.2. Binding on Successors, Transferees and Assigns; Assignment. This
Guaranty shall remain in full force and effect until the Termination Date has occurred, except as
to any Guarantor released pursuant to Section 3.6 of this Guaranty. This Guaranty shall be jointly
and severally binding upon each Guarantor and its successors, transferees and assigns and shall
inure to the benefit of and be enforceable by each Secured Party and its successors, transferees
and assigns; provided that no Guarantor may (unless otherwise permitted under the terms of
the Credit Agreement) assign any of its obligations hereunder without the prior written consent of
all Lenders, in the case of an assignment by all or substantially all of the Guarantors, and in all
other cases, the Required Lenders.

     SECTION 3.3. Amendments, etc. No amendment to or waiver of any provision of this
Guaranty, nor consent to any departure by any Guarantor from its obligations under this Guaranty,
shall in any event be effective unless the same shall be in writing and signed by the Domestic
Administrative Agent (on behalf of the Lenders or the Required Lenders, as the case may be,
pursuant to Section 9.02 of the Credit Agreement) and then such waiver or consent shall be
effective only in the specific instance and for the specific purpose for which given.

6

 

     SECTION 3.4. Notices. All notices and other communications provided for hereunder
shall be in writing and shall be delivered by hand or overnight courier service, mailed by
certified or registered mail or sent by telecopy and addressed, delivered or transmitted to the
appropriate party at the address or facsimile number of such party (in the case of any Guarantor,
in care of the Parent) specified in the Credit Agreement or at such other address or facsimile
number as may be designated by such party in a notice to the other party. All notices and other
communications given to any party hereto in accordance with the provisions of this Guaranty shall
be deemed to have been given on the date of receipt.

     SECTION 3.5. Additional Guarantors. Upon the execution and delivery by any other
Person of a supplement in the form of Annex I hereto, such Person shall become a
“Guarantor” hereunder with the same force and effect as if it were originally a party to this
Guaranty and named as a “Guarantor” hereunder. The execution and delivery of such supplement shall
not require the consent of any other Guarantor hereunder, and the rights and obligations of each
Guarantor hereunder shall remain in full force and effect notwithstanding the addition of any new
Guarantor as a party to this Guaranty.

     SECTION 3.6. Termination of Agreement; Release of Guarantor.

     (a) Upon the occurrence of the Termination Date, this Guaranty and all obligations of
each Guarantor hereunder shall terminate automatically, without delivery of any instrument
or performance of any act by any party.

     (b) A Guarantor shall automatically be released from its obligations hereunder upon the
consummation of any transaction permitted by the Credit Agreement as a result of which such
Guarantor ceases to be a Domestic Subsidiary. The Domestic Administrative Agent shall use
commercially reasonable efforts to execute and deliver, at the Parent’s expense, such
documents as the Parent or any such Guarantor may reasonably request to evidence the release
of the guarantee of such Guarantor provided herein.

     (c) In addition to any release permitted by subsection (a) or (b), the Domestic
Administrative Agent may release any Guarantor from its obligations under this Guaranty with
the prior written consent of the Required Lenders; provided that any release of all
or substantially all Guarantors shall require the consent of all the Lenders.

     SECTION
3.7. No Waiver; Remedies. In addition to, and not in limitation of,
Section 1.3 and 1.5, no failure on the part of any Secured Party to exercise, and
no delay in exercising, any right hereunder shall operate as a waiver thereof, nor shall any single
or partial exercise of any right hereunder preclude any other or further exercise thereof or the
exercise of any other right. The remedies herein provided are cumulative and not exclusive of any
remedies provided by law.

     SECTION 3.8. Section Captions. Section captions used in this Guaranty are for
convenience of reference only, and shall not affect the construction of this Guaranty.

     SECTION 3.9. Severability. Any provision of this Guaranty held to be illegal,
invalid or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such

7

 

invalidity, illegality or unenforceability without affecting the validity, legality and
enforceability of the remaining provisions hereof; and the invalidity of a particular provision in
a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

     SECTION 3.10. Governing Law; Jurisdiction; Etc. (a) GOVERNING LAW. THIS
GUARANTY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

     (b) SUBMISSION TO JURISDICTION. EACH GUARANTOR IRREVOCABLY AND UNCONDITIONALLY
SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE
STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND, TO THE EXTENT PERMITTED BY LAW, OF THE
UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT
FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS GUARANTY OR
ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE
PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH
ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES
HERETO AGREES, TO THE EXTENT PERMITTED BY LAW, THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR
PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE
JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS GUARANTY OR IN ANY OTHER
LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER OR THE
ISSUING BANK MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS GUARANTY
OR ANY OTHER LOAN DOCUMENT AGAINST ANY GUARANTOR OR ITS PROPERTIES IN THE COURTS OF ANY
JURISDICTION.

     (c) WAIVER OF VENUE. EACH GUARANTOR IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO
THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER
HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
GUARANTY OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (b) OF THIS
SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH
ACTION OR PROCEEDING IN ANY SUCH COURT. 

     (d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF
PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 9.01 OF THE CREDIT AGREEMENT.

8

 

     SECTION 3.11. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS GUARANTY (WHETHER BASED ON
CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT
OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD
NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT
AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS GUARANTY BY, AMONG OTHER THINGS,
THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

     SECTION 3.12. Indemnity. Each Guarantor shall indemnify each Secured Party, and
each Related Party of any of the Secured Parties (each such Person being called an
“Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims,
damages, liabilities and related expenses, including the fees, charges and disbursements of any
counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in
connection with, or as a result of (i) the execution or delivery of this Guaranty, any Collateral
Document or any other agreement or instrument contemplated hereby or thereby, the performance by
the parties hereto of their respective obligations hereunder or the consummation of the
Transactions or any other transactions contemplated hereby, (ii) any Guaranteed Obligation or the
use of the proceeds therefrom (including any refusal by the Issuing Bank to honor a demand for
payment under a Letter of Credit if the documents presented in connection with such demand do not
strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or
release of Hazardous Materials on or from any property owned or operated by any such Guarantor, or
any Environmental Liability related in any way to any such Guarantor, or (iv) any actual or
prospective claim, litigation, investigation or proceeding relating to any of the foregoing,
whether based on contract, tort or any other theory and regardless of whether any Indemnitee is a
party thereto; provided that such indemnity shall not, as to any Indemnitee, be available
to the extent that such losses, claims, damages, liabilities or related expenses are determined by
a court of competent jurisdiction by final judgment to have resulted from the gross negligence or
wilful misconduct of such Indemnitee.

     SECTION 3.13. Counterparts. This Guaranty may be executed by the parties hereto in
several counterparts, each of which shall be deemed to be an original and all of which shall
constitute together but one and the same agreement. Delivery of an executed counterpart of a
signature page to this Guaranty by facsimile or via other electronic means shall be effective as
delivery of a manually executed counterpart of this Guaranty.

     SECTION 3.14. Judgment Currency. If, for the purposes of obtaining judgment in any
court, it is necessary to convert a sum due hereunder in one Currency into another Currency, the
rate of exchange used shall be that at which in accordance with normal banking procedures the
Domestic Administrative Agent could purchase the first Currency with such other Currency on the
Business Day preceding that on which final judgment is given. The obligation of each Guarantor in
respect of any such sum due from it to the Domestic Administrative Agent or the Lenders hereunder
or the other Loan Documents shall, notwithstanding any judgment in a

9

 

Currency (the “Judgment Currency”) other than that in which such sum is denominated in
accordance with the applicable provisions of this Guaranty (the “Agreement Currency”), to
the extent permitted by law, be discharged only to the extent that on the Business Day following
receipt by the Domestic Administrative Agent of any sum adjudged to be so due in the Judgment
Currency, the Domestic Administrative Agent may in accordance with normal banking procedures
purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement
Currency so purchased is less than the sum originally due to the Domestic Administrative Agent from
any Guarantor in the Agreement Currency, such Guarantor agrees, as a separate obligation and
notwithstanding any such judgment, and, to the extent permitted by law, to indemnify the Domestic
Administrative Agent or the Person to whom such obligation was owing against such loss. If the
amount of the Agreement Currency so purchased is greater than the sum originally due to the
Domestic Administrative Agent in such Currency, the Domestic Administrative Agent agrees to return
the amount of any excess to such Guarantor (or to any other Person who may be entitled thereto
under applicable law).

     SECTION 3.15. ENTIRE AGREEMENT. THIS GUARANTY AND THE OTHER LOAN DOCUMENTS REPRESENT
THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL
AGREEMENTS AMONG THE PARTIES.

10

 

     IN WITNESS WHEREOF, the Guarantors have caused this Guaranty to be duly executed and delivered
by their respective authorized officers as of the date first above written.

	 	 	 	 	 
	 	MIRION TECHNOLOGIES (GDS), INC.,

a Delaware corporation

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	MIRION TECHNOLOGIES (MGPI), INC.,

a Delaware corporation

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	DOSIMETRY ACQUISITIONS (U.S.) LLC,

a Delaware limited liability company

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	IST ACQUISITIONS, LLC,

a Delaware limited liability company

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	MIRION TECHNOLOGIES (IST) CORPORATION,

a New York corporation

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 

11

 

	 	 	 	 	 

	 	 	 	 	 
	 	MIRION TECHNOLOGIES (CONAX NUCLEAR), INC.,

a New York corporation

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

ACCEPTED AND AGREED FOR ITSELF

AND ON BEHALF OF THE SECURED PARTIES:

JPMORGAN CHASE BANK,

NATIONAL ASSOCIATION,

     as Domestic Administrative Agent

	 	 	 	 	 
	 	 	 
	By:  	 	 	 
	 	Title: 	 	 
	 	 	 	 
	 

12

 

ANNEX I to

the Guaranty

     THIS SUPPLEMENT, dated as of [ ] (this “Supplement”), is to the Guaranty (Domestic
Obligations), dated as of [ ], 2010 (as amended, supplemented, amended and restated or otherwise
modified from time to time, the “Guaranty”), among the Guarantors (such capitalized term,
and other terms used in this Supplement, to have the meanings set forth in the Guaranty) from time
to time party thereto, in favor of JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as domestic
administrative agent (together with its successor(s) thereto in such capacity, the “Domestic
Administrative Agent”) for each of the Secured Parties.

WITNESSETH:

     WHEREAS, pursuant to the provisions of Section 5.09 of the Credit Agreement and Section 3.5 of
the Guaranty, each of the undersigned is becoming a Guarantor under the Guaranty; and

     WHEREAS, each of the undersigned desires to become a “Guarantor” under the Guaranty in order
to induce the Secured Parties to continue to make Revolving Loans under the Credit Agreement;

     NOW, THEREFORE, in consideration of the premises, and for other consideration (the receipt and
sufficiency of which is hereby acknowledged), each of the undersigned agrees, for the benefit of
each Secured Party, as follows.

     SECTION 1. Party to Guaranty, etc. In accordance with the terms of the Guaranty, by
its signature below, each of the undersigned hereby irrevocably agrees to become a Guarantor under
the Guaranty with the same force and effect as if it were an original signatory thereto and each of
the undersigned hereby (a) agrees to be bound by and comply with all of the terms and provisions of
the Guaranty applicable to it as a Guarantor and (b) represents and warrants that the
representations and warranties made by it as a Guarantor thereunder are true and correct as of the
date hereof. In furtherance of the foregoing, each reference to a “Guarantor” and/or “Guarantors”
in the Guaranty shall be deemed to include each of the undersigned.

     SECTION 2. Waiver, etc. Each of the undersigned hereby waives promptness, diligence,
notice of acceptance and any other notice not provided herein with respect to any of the
Obligations, this Supplement and the Guaranty and any requirement that any Secured Party protect,
secure, perfect or insure any Lien, or any property subject thereto, or exhaust any right or take
any action against any Loan Party or any other Person (including any other Guarantor) or entity or
any collateral securing the Obligations, as the case may be.

     SECTION 4. Representations. Each of the undersigned hereby represents and warrants
that this Supplement has been duly authorized, executed and delivered by it and that this
Supplement and the Guaranty constitute the legal, valid and binding obligation of each of the
undersigned, enforceable against it in accordance with its terms.

 

 

     SECTION 5. Full Force of Guaranty. Except as expressly supplemented hereby, the
Guaranty shall remain in full force and effect in accordance with its terms.

     SECTION 6. Severability. Any provision of this Supplement held to be illegal,
invalid or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such invalidity, illegality or unenforceability without affecting the validity, legality
and enforceability of the remaining provisions hereof; and the invalidity of a particular provision
in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

     SECTION 7. Indemnity; Fees and Expenses, etc. Without limiting the provisions of any
other Loan Document, each of the undersigned agrees to reimburse the Domestic Administrative Agent
for its reasonable out-of-pocket expenses incurred in connection with this Supplement, including
reasonable attorney’s fees and expenses of the Domestic Administrative Agent’s counsel.

     SECTION 8. Governing Law. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

     SECTION 9. Counterparts. This Supplement may be executed by the parties hereto in
several counterparts, each of which shall be deemed to be an original and all of which shall
constitute together but one and the same agreement. Delivery of an executed counterpart of a
signature page to this Guaranty by facsimile or via other electronic means shall be effective as
delivery of a manually executed counterpart of this Guaranty.

     SECTION 10. ENTIRE AGREEMENT. THE GUARANTY AND THE OTHER LOAN DOCUMENTS, AS
SUPPLEMENTED BY THIS SUPPLEMENT, REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.
THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.

2

 

     IN WITNESS WHEREOF, the undersigned have caused this Supplement to be duly executed and
delivered by their respective authorized officers as of the date first above written.

	 	 	 	 	 
	 	[NAME OF ADDITIONAL SUBSIDIARY,

a [JURISDICTION OF ORGANIZATION] [ENTITY TYPE]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

ACCEPTED AND AGREED FOR ITSELF

AND ON BEHALF OF THE SECURED PARTIES:

JPMORGAN CHASE BANK,

NATIONAL ASSOCIATION,

     as Domestic Administrative Agent

	 	 	 	 	 
	 	 	 
	By:  	 	 	 
	 	Title: 	 	 
	 	 	 	 
	 

 

 

EXHIBIT C-2

GUARANTY (FRENCH OBLIGATIONS)

     This GUARANTY (FRENCH OBLIGATIONS), dated as of [ ], 2010 (as amended, supplemented, amended
and restated or otherwise modified from time to time, this “Guaranty”), is made by Mirion
Technologies, Inc., a Delaware corporation (the “Parent”) and each Subsidiary of the Parent
from time to time a party hereto (each individually, a “Guarantor” and, collectively, the
“Guarantors”), in favor of J.P. MORGAN EUROPE LIMITED, in its capacity as the French
administrative agent (together with its successor(s) thereto in such capacity, the “French
Administrative Agent”) for each of the Secured Parties (as defined below).

WITNESSETH:

     WHEREAS, pursuant to the Credit Agreement, dated as of the date hereof (as amended,
supplemented, amended and restated or otherwise modified from time to time, the “Credit
Agreement”), among the Parent, Mirion Technologies (Synodys) SA and Mirion Technologies (IST
France) SAS (together, the “French Borrowers”; and, collectively with the Parent the
“Borrowers”), the various financial institutions and other Persons from time to time party
thereto (the “Lenders”), JPMorgan Chase Bank, National Association, as the Domestic
Administrative Agent, and the French Administrative Agent, the Lenders have agreed to make French
Term Loans to the French Borrowers and to make Revolving Loans and Domestic Term Loans to the
Parent;

     WHEREAS, as a condition precedent to the making of the Loans under the Credit Agreement, each
Guarantor is required to execute and deliver this Guaranty; and

     WHEREAS, capitalized terms used herein and not otherwise defined shall have the meanings
ascribed thereto in the Credit Agreement.

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, and in order to induce the Lenders to make French Term Loans to the French
Borrowers, each Guarantor jointly and severally agrees, for the benefit of each of the French
Administrative Agent and each French Term Lender (collectively, the “Secured Parties”), as
follows:

ARTICLE I

GUARANTY PROVISIONS

     SECTION 1.1. Guaranty. Each Guarantor hereby jointly and severally absolutely,
unconditionally and irrevocably

     (a) guarantees the full and punctual payment when due, whether at stated maturity, by
required prepayment, declaration, acceleration, demand or otherwise, of all Obligations (as
defined in the Credit Agreement) of each French Borrower under the Loan Documents now or
hereafter existing, whether for principal, interest (including interest accruing at the then
applicable rate provided in the Credit Agreement after the occurrence of any Default set
forth in clause (i) or (j) of Article VII of the Credit

 

 

Agreement, whether or not a claim for post-filing or post-petition interest is allowed
under applicable law following the institution of a proceeding under bankruptcy, insolvency
or similar laws), fees, reimbursement obligations with respect to letters of credit or
otherwise, reasonable out-of-pocket expenses or otherwise (including all such amounts which
would become due but for the operation of the automatic stay under Section 362(a) of the
United States Bankruptcy Code, 11 U.S.C. §362(a), and the operation of Sections 502(b) and
506(b) of the United States Bankruptcy Code, 11 U.S.C. §502(b) and §506(b)) (collectively,
the “Guaranteed Obligations”); and

     (b) indemnifies and holds harmless each Secured Party for any and all costs and
expenses (including reasonable attorneys’ fees and expenses) incurred by such Secured Party
in enforcing any rights under this Guaranty; provided that such indemnity shall not,
as to any Secured Party, be available to the extent that such losses, claims, damages,
liabilities or related expenses are determined by a court of competent jurisdiction by final
judgment to have resulted from the gross negligence or wilful misconduct of such Secured
Party, (collectively, the “Indemnified Obligations”; and, collectively with the
Guaranteed Obligations, the “Obligations”);

provided that each Guarantor (other than the Parent) shall only be liable under this
Guaranty for the maximum amount of such liability that can be hereby incurred without rendering
this Guaranty, as it relates to such Guarantor, voidable under applicable law relating to
fraudulent conveyance or fraudulent transfer, and not for any greater amount. This Guaranty
constitutes a guaranty of payment when due and not of collection, and each Guarantor specifically
agrees that, to the extent permitted by applicable law, it shall not be necessary or required that
any Secured Party exercise any right, assert any claim or demand or enforce any remedy whatsoever
against any Loan Party or any other Person before or as a condition to the obligations of such
Guarantor hereunder.

     SECTION 1.2. Payments Set Aside. To the extent that any payment by or on behalf of
any Guarantor is made to the French Administrative Agent or any Lender, or the French
Administrative Agent or any Lender exercises its right of setoff, and such payment or the proceeds
of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or
preferential, set aside or required (including pursuant to any settlement entered into by the
French Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver
or any other party, in connection with any proceeding under any liquidation, conservatorship,
bankruptcy, moratorium, rearrangement, receivership, insolvency, reorganization or similar debtor
relief law or otherwise, then to the extent of such recovery, the obligation or part thereof
originally intended to be satisfied shall be revived and continued in full force and effect as if
such payment had not been made or such setoff had not occurred.

     SECTION 1.3. Guaranty Absolute, etc. This Guaranty shall in all respects be a
continuing, absolute, unconditional and irrevocable guaranty of payment, and, to the extent
permitted by applicable law, shall remain in full force and effect until the date (the
“Termination Date”) on which all Obligations (other than contingent indemnity and
reimbursement obligations) have been paid in full in cash. Each Guarantor jointly and severally
guarantees that the Obligations will, to the extent permitted by applicable law, be paid strictly
in accordance with the terms of each Loan Document under which they arise, regardless of any law,
regulation

2

 

or order now or hereafter in effect in any jurisdiction affecting any of such terms or the
rights of any Secured Party with respect thereto. The liability of each Guarantor under this
Guaranty shall, to the extent permitted by applicable law, be joint and several, absolute,
unconditional and irrevocable irrespective of:

     (a) any lack of validity, legality or enforceability of any Loan Document;

     (b) the failure of any Secured Party (i) to assert any claim or demand or to enforce
any right or remedy against any Loan Party or any other Person (including any other
guarantor) under the provisions of any Loan Document or otherwise, or (ii) to exercise any
right or remedy against any other guarantor (including any Guarantor) of, or collateral
securing, any Obligations;

     (c) any change in the time, manner or place of payment of, or in any other term of, all
or any part of the Obligations, or any other extension, compromise or renewal of any
Obligation;

     (d) any reduction, limitation, impairment or termination of any Obligations for any
reason, including any claim of waiver, release, surrender, alteration or compromise, and
shall not be subject to (and each Guarantor hereby waives any right to or claim of) any
defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the
invalidity, illegality, nongenuineness, irregularity, compromise, unenforceability of, or
any other event or occurrence affecting, any Obligations or otherwise;

     (e) any amendment to, rescission, waiver, or other modification of, or any consent to
or departure from, any of the terms of any Loan Document;

     (f) any addition, exchange or release of any collateral or of any Person that is (or
will become) a guarantor (including a Guarantor hereunder) of the Obligations, or any
surrender or non-perfection of any collateral, or any amendment to or waiver or release of
or addition to, or consent to or departure from, any other guaranty held by any Secured
Party securing any of the Obligations; or

     (g) any other circumstance which might otherwise constitute a defense available to, or
a legal or equitable discharge of, any Loan Party, any surety or any guarantor.

     SECTION 1.4. Setoff. If an Event of Default under clause (a), (b), (c), (i), (j) or
(k) of Article VII of the Credit Agreement shall have occurred and be continuing, or if any other
Event of Default shall have occurred and be continuing and the Required Lenders shall so consent,
each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to
the fullest extent permitted by law, to set off and apply any and all deposits (general or special,
time or demand, provisional or final) at any time held and other obligations at any time owing by
such Lender or Affiliate to or for the credit or the account of any Guarantor against any of and
all the obligations of any Guarantor now or hereafter existing under this Guaranty held by such
Lender, irrespective of whether or not such Lender shall have made any demand under this Guaranty
and although such obligations may be unmatured. The rights of each Lender under this Section are

3

 

in addition to other rights and remedies (including other rights of setoff) which such Lender
may have.

     SECTION 1.5. Waiver, etc. Each Guarantor hereby waives promptness, diligence, notice
of acceptance and any other notice not provided for herein with respect to any of the Obligations
and this Guaranty and any requirement that any Secured Party protect, secure, perfect or insure any
Lien, or any property subject thereto, or exhaust any right or take any action against any Loan
Party or any other Person (including any other guarantor) or entity or any collateral securing the
Obligations, as the case may be. Each Guarantor waives any rights and defenses that are or may
become available to such Guarantor by reason of §§ 2787 to 2855, inclusive, and §§ 2899 and 3433 of
the California Civil Code. As provided below, this Guaranty shall be governed by, and construed in
accordance with, the laws of the State of New York. The foregoing waivers and the provisions
hereinafter set forth in this Guaranty which pertain to California Law are included solely out of
an abundance of caution, and shall not be construed to mean that any of the above-referenced
provisions of California law are in any way applicable to this Guaranty or the Obligations.

     SECTION 1.6. Postponement of Subrogation, etc. Each Guarantor agrees that it will
not exercise any rights which it may acquire by way of rights of subrogation under this Guaranty or
any other Loan Document to which it is a party, nor shall any Guarantor seek or be entitled to seek
any contribution or reimbursement from any Loan Party, in respect of any payment made, under any
Loan Document or otherwise, until following the Termination Date. Any amount paid to any Guarantor
on account of any such subrogation rights prior to the Termination Date shall be held in trust for
the benefit of the Secured Parties and shall immediately be paid and turned over to the French
Administrative Agent for the benefit of the Secured Parties in the exact form received by such
Guarantor (duly endorsed in favor of the French Administrative Agent, if required), to be credited
and applied against the Obligations, whether matured or unmatured, in accordance with Section
1.7; provided that if any Guarantor has made payment to the Secured Parties of all or
any part of the Obligations and the Termination Date has occurred, then at such Guarantor’s
request, the French Administrative Agent (on behalf of the Secured Parties) will, at the expense of
such Guarantor, execute and deliver to such Guarantor appropriate documents (without recourse and
without representation or warranty) necessary to evidence the transfer by subrogation to such
Guarantor of an interest in the Obligations resulting from such payment. In furtherance of the
foregoing, at all times prior to the Termination Date, each Guarantor shall refrain from taking any
action or commencing any proceeding against any Loan Party (or any of their respective successors
or assigns, whether in connection with a bankruptcy proceeding or otherwise) to recover any amounts
in respect of payments made under this Guaranty to any Secured Party.

     SECTION 1.7. Payments; Application. Each Guarantor hereby agrees with each Secured
Party as follows:

     (a) Each Guarantor agrees that all payments made by such Guarantor hereunder will be
made in euros to the French Administrative Agent, without setoff, counterclaim or other
defense and in accordance with Section 2.17 of the Credit Agreement, free and clear of and
without deduction for any Taxes, each Guarantor hereby agreeing to comply with and be bound
by the provisions of Section 2.17 of the

4

 

Credit Agreement in respect of all payments made by it hereunder and the provisions of
which Sections are hereby incorporated into and made a part of this Guaranty by this
reference as if set forth herein; provided that references to any “Borrower” in such
Sections shall be deemed to be references to each Guarantor, and references to “this
Agreement” or “hereunder” in such Sections shall be deemed to be references to this
Guaranty.

     (b) All payments made hereunder shall be applied upon receipt to the Secured
Obligations as set forth in the Credit Agreement.

     SECTION 1.8. German Limited Liability Companies.

     (a) Any Guarantor which is constituted as a German limited liability company (GmbH) may
refuse to make payments under this Guaranty, if and to the extent that:

     (i) such payment would deprive the Guarantor of the liquidity necessary to
fulfil its financial obligations that:

     (x) exist as of the date on which such payment would otherwise be due;
and

     (y) the Guarantor cannot satisfy out of the disposal of fixed or
current assets (to the extent that such assets are not necessary for the
Guarantor’s business (nicht betriebsnotwendig) or the collection or
non-recourse sale of its receivables); or

     (ii) such payment would have the consequences that the Guarantor’s net assets
would be less than its registered capital (Stammkapital) (Begründung einer
Unterbilanz) or if, at such time the Guarantor’s assets are already less than its
registered capital (Vertiefung einer Unterbilanz); or

     (iii) subject to Section 1.8 (a)(i)(y) above, such payment would constitute an
unlawful payment within the meaning of section 64 sentence 3 of the German Limited
Liability Company Act (GmbHG).

     (b) For purposes of making calculations pursuant to clause (a) of this Section 1.8,

     (i) net assets and registered capital shall be based on the book values of the
Guarantor’s assets and liabilities that would have to be disclosed in such
Guarantor’s unconsolidated balance sheet (Jahresabschluss) drawn up in accordance
with German GAAP as of the day after such payment would have been made;

     (ii) net assets shall take into account all items to be shown in such German
GAAP balance sheet;

5

 

     (x) as assets under the captions reflected in § 266(2) A, B and C of
the German Commercial Code (Handelsgesetzbuch) provided that claims of the
Guarantor against any of its affiliated companies shall only be taken into
account if and to the extent that this is permitted under the restrictions
relating to the protection of liability capital of German limited liability
companies under German law, in particular §§ 30 to 32 of the German Limited
Liability Company Act (GmbHG) and the rules developed by the German Federal
Supreme Court (Bundesgerichtshof) in this respect; and

     (y) as liabilities under the captions reflected in § 266(3) B, C and D
of the German Commercial Code less the amount of all liabilities towards any
affiliated person (which shall be deemed to have been waived for that
purpose) and less any Indebtedness unless permitted under the Credit
Agreement; and

     (iii) registered capital (Gezeichnetes Kapital) shall take into account all
items to be shown in the Guarantor’s German GAAP balance sheet under the captions
reflected in § 266(3) A of the German Commercial Code.

     SECTION 1.9. French Limited Liability Companies.

     (a) Notwithstanding any other provision of this Guaranty to the contrary, the
obligations and liabilities of any Foreign Guarantor which is constituted as a French
limited liability company (société anonyme or société par actions simplifiée) hereunder
shall not (i) extend, and shall not be construed as being extended, beyond a point where
they would infringe article L. 225-216 of the French Code de commerce and (ii) cover, and
shall not be construed as covering, any obligation or liability which, if incurred, would
constitute a misuse of corporate assets as defined under articles L. 242-6-3° and L.
242-6-4° of the French Code de commerce or any other article or regulation to the same
effect.

     (b) The maximum liability of Dosimetry Acquisitions (France) SAS under this Guaranty
shall be limited at any time to the greater of 85% of its total current assets calculated as
of the date on which a payment under this Guaranty is demanded from such Dosimetry
Acquisitions (France) SAS, as reduced by the aggregate amount previously paid by such French
Guarantor under this Guaranty.

     (c) The maximum liability of Mirion Technologies (MGPI) SA under this Guaranty shall be
limited at any time to the greater of 60% of its total current assets calculated as of the
date on which a payment under this Guaranty is demanded from such Mirion Technologies (MGPI)
SA, as reduced by the aggregate amount previously paid by such French Guarantor under this
Guaranty.

     (d) Any Foreign Guarantor which is constituted as a French limited liability company
shall, promptly following a request from the French Administrative Agent, provide to the
French Administrative Agent with the aggregate value of the total current

6

 

assets of such Foreign Guarantor which is constituted as a French limited liability
company and the amounts previously paid by such Foreign Guarantor which is constituted as a
French limited liability company under this Guaranty.

Notwithstanding any other provision of this Guaranty to the contrary, the obligations and
liabilities of any Foreign Guarantor which is constituted as a French limited liability
company hereunder shall not cover, and shall not be construed as covering, any obligation or
liability which, if incurred, would constitute a misuse of corporate assets as defined under
articles L. 242-6 of the French Code de commerce or any other article or regulation to the
same effect.

ARTICLE II

REPRESENTATIONS AND WARRANTIES

     SECTION 2.1. Representations. In order to induce the Secured Parties to enter into
the Credit Agreement and make Loans thereunder, each Guarantor represents and warrants to each
Secured Party as set forth below.

     (a) Organization; Powers. Each Guarantor is duly organized, validly existing
and, where applicable, in good standing under the laws of the jurisdiction of its
organization, has all requisite power and authority to carry on its business as now
conducted and, except where the failure to do so, individually or in the aggregate, could
not reasonably be expected to result in a Material Adverse Effect, is qualified to do
business in, and, where applicable, is in good standing in, every jurisdiction where such
qualification is required.

     (b) Authorization; Enforceability. The Guaranty is within each Guarantor’s
corporate powers and has been duly authorized by all necessary corporate and, if required,
stockholder action. This Guaranty has been duly executed and delivered by each Guarantor
and constitutes a legal, valid and binding obligation of each Guarantor, enforceable in
accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization,
moratorium or other laws affecting creditors’ rights generally and subject to general
principles of equity, regardless of whether considered in a proceeding in equity or at law.

     (c) Governmental Approvals; No Conflicts. The Guaranty (a) does not require
any consent or approval of, registration or filing with, or any other action by, any
Governmental Authority, except such as have been obtained or made and are in full force and
effect, (b) will not violate any applicable law or regulation, (c) will not violate any
charter, by-laws or other organizational documents of any Guarantor or any order of any
Governmental Authority, (d) will not violate or result in a default under any indenture,
agreement or other instrument binding upon any Guarantor or its assets, or give rise to a
right thereunder to require any payment to be made by the Guarantor, and (e) will not result
in the creation or imposition of any Lien (other than the Liens on the Collateral granted by
the Loan Parties under the Loan Documents) on any asset of any of the Parent or any of its
Subsidiaries, except for, in the case of clause (a), those consents, approvals,
negotiations, filings, or actions, the failure of which to obtain or make could not

7

 

reasonably be expected to result in a Material Adverse Effect and, in the case of
clauses (b) and (d), with respect to any violation or default to the extent such violation
or default could not reasonably be expected to have a Material Adverse Effect.

     (d) Each Guarantor has knowledge of each other Loan Party’s financial condition and
affairs and has adequate means to obtain from each Borrower and each such Loan Party on an
ongoing basis information relating thereto and to such Loan Party’s ability to pay and
perform the Obligations, and agrees to assume the responsibility for keeping, and to keep,
so informed for so long as this Guaranty is in effect. Each Guarantor acknowledges and
agrees that the Secured Parties shall have no obligation to investigate the financial
condition or affairs of any Loan Party for the benefit of such Guarantor nor to advise such
Guarantor of any fact respecting, or any change in, the financial condition or affairs of
any Loan Party that might become known to any Secured Party at any time, whether or not such
Secured Party knows or believes or has reason to know or believe that any such fact or
change is unknown to such Guarantor, or might (or does) materially increase the risk of such
Guarantor as guarantor, or might (or would) affect the willingness of such Guarantor to
continue as a guarantor of the Obligations.

     (e) It is in the best interests of each Guarantor to execute this Guaranty inasmuch as
such Guarantor will, as a result of being a Subsidiary of the Parent, derive substantial
direct and indirect benefits from (i) the French Term Loans made to the French Borrowers by
the Lenders pursuant to the Credit Agreement and (ii) in respect of Dosimetry Acquisitions
(France) SAS, the Guarantee of the Obligations of Mirion Technologies (Synodys) SA, its
direct Subsidiary, granted hereunder by each other Guarantor, and each Guarantor agrees that
the Secured Parties are relying on this representation in agreeing to make Loans to the
Borrower.

ARTICLE III

MISCELLANEOUS PROVISIONS

     SECTION 3.1. Loan Document. This Guaranty is a Loan Document executed pursuant to
the Credit Agreement and shall (unless otherwise expressly indicated herein) be construed,
administered and applied in accordance with the terms and provisions thereof. To the extent of any
conflict between the terms contained in this Guaranty and the terms contained in the Credit
Agreement, the terms of the Credit Agreement shall control.

     SECTION 3.2. Binding on Successors, Transferees and Assigns; Assignment. This
Guaranty shall remain in full force and effect until the Termination Date has occurred, except as
to any Guarantor released pursuant to Section 3.6 of this Guaranty. This Guaranty shall be jointly
and severally binding upon each Guarantor and its successors, transferees and assigns and shall
inure to the benefit of and be enforceable by each Secured Party and its successors, transferees
and assigns; provided that no Guarantor may (unless otherwise permitted under the terms of
the Credit Agreement) assign any of its obligations hereunder without the prior written consent of
all Lenders, in the case of an assignment by all or substantially all of the Guarantors, and in all
other cases, the Required Lenders.

8

 

     SECTION 3.3. Amendments, etc. No amendment to or waiver of any provision of this
Guaranty, nor consent to any departure by any Guarantor from its obligations under this Guaranty,
shall in any event be effective unless the same shall be in writing and signed by the French
Administrative Agent (on behalf of the Lenders or the Required Lenders, as the case may be,
pursuant to Section 9.02 of the Credit Agreement) and then such waiver or consent shall be
effective only in the specific instance and for the specific purpose for which given.

     SECTION 3.4. Notices. All notices and other communications provided for hereunder
shall be in writing and shall be delivered by hand or overnight courier service, mailed by
certified or registered mail or sent by telecopy and addressed, delivered or transmitted to the
appropriate party at the address or facsimile number of such party (in the case of any Guarantor,
in care of the Parent) specified in the Credit Agreement or at such other address or facsimile
number as may be designated by such party in a notice to the other party. All notices and other
communications given to any party hereto in accordance with the provisions of this Guaranty shall
be deemed to have been given on the date of receipt.

     SECTION 3.5. Additional Guarantors. Upon the execution and delivery by any other
Person of a supplement in the form of Annex I hereto, such Person shall become a
“Guarantor” hereunder with the same force and effect as if it were originally a party to this
Guaranty and named as a “Guarantor” hereunder. The execution and delivery of such supplement shall
not require the consent of any other Guarantor hereunder, and the rights and obligations of each
Guarantor hereunder shall remain in full force and effect notwithstanding the addition of any new
Guarantor as a party to this Guaranty.

     SECTION 3.6. Termination of Agreement; Release of Guarantor.

     (a) Upon the occurrence of the Termination Date, this Guaranty and all obligations of
each Guarantor hereunder shall terminate automatically, without delivery of any instrument
or performance of any act by any party.

     (b) A Guarantor shall automatically be released from its obligations hereunder upon the
consummation of any transaction permitted by the Credit Agreement as a result of which such
Guarantor ceases to be a Subsidiary. The French Administrative Agent shall use commercially
reasonable efforts to execute and deliver, at the Parent’s expense, such documents as the
Parent or any such Guarantor may reasonably request to evidence the release of the guarantee
of such Guarantor provided herein.

     (c) In addition to any release permitted by subsection (a) or (b), the French
Administrative Agent may release any Guarantor from its obligations under this Guaranty with
the prior written consent of the Required Lenders; provided that any release of all
or substantially all Guarantors shall require the consent of all the Lenders.

     SECTION
3.7. No Waiver; Remedies. In addition to, and not in limitation of,
Section 1.3 and 1.5, no failure on the part of any Secured Party to exercise, and
no delay in exercising, any right hereunder shall operate as a waiver thereof, nor shall any single
or partial exercise of any right hereunder preclude any other or further exercise thereof or the
exercise of any other

9

 

right. The remedies herein provided are cumulative and not exclusive of any remedies provided
by law.

     SECTION 3.8. Section Captions. Section captions used in this Guaranty are for
convenience of reference only, and shall not affect the construction of this Guaranty.

     SECTION 3.9. Severability. Any provision of this Guaranty held to be illegal,
invalid or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such invalidity, illegality or unenforceability without affecting the validity, legality
and enforceability of the remaining provisions hereof; and the invalidity of a particular provision
in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

     SECTION 3.10. Governing Law; Jurisdiction; Etc. (a) GOVERNING LAW. THIS
GUARANTY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

     (b) SUBMISSION TO JURISDICTION. EACH GUARANTOR IRREVOCABLY AND UNCONDITIONALLY
SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE
STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND, TO THE EXTENT PERMITTED BY LAW, OF THE
UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT
FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS GUARANTY OR
ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE
PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH
ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES
HERETO AGREES, TO THE EXTENT PERMITTED BY LAW, THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR
PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE
JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS GUARANTY OR IN ANY OTHER
LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER OR THE
ISSUING BANK MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS GUARANTY
OR ANY OTHER LOAN DOCUMENT AGAINST ANY GUARANTOR OR ITS PROPERTIES IN THE COURTS OF ANY
JURISDICTION.

     (c) WAIVER OF VENUE. EACH GUARANTOR IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO
THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER
HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
GUARANTY OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (b) OF THIS
SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES,

10

 

TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM
TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

     (d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF
PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 9.01 OF THE CREDIT AGREEMENT.

     SECTION 3.11. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS GUARANTY (WHETHER BASED ON
CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT
OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD
NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT
AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS GUARANTY BY, AMONG OTHER THINGS,
THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

     SECTION 3.12. Indemnity. Subject to the restrictions set forth under Sections 1.7,
1.8 and 1.9, each Guarantor shall indemnify each Secured Party, and each Related Party of any of
the Secured Parties (each such Person being called an “Indemnitee”) against, and hold each
Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses,
including the fees, charges and disbursements of any counsel for any Indemnitee, incurred by or
asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the
execution or delivery of this Guaranty, any Collateral Document or any other agreement or
instrument contemplated hereby or thereby, the performance by the parties hereto of their
respective obligations hereunder or the consummation of the Transactions or any other transactions
contemplated hereby, (ii) any Guaranteed Obligation or the use of the proceeds therefrom, (iii) any
actual or alleged presence or release of Hazardous Materials on or from any property owned or
operated by any such Guarantor, or any Environmental Liability related in any way to any such
Guarantor, or (iv) any actual or prospective claim, litigation, investigation or proceeding
relating to any of the foregoing, whether based on contract, tort or any other theory and
regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall
not, as to any Indemnitee, be available to the extent that such losses, claims, damages,
liabilities or related expenses are determined by a court of competent jurisdiction by final
judgment to have resulted from the gross negligence or wilful misconduct of such Indemnitee.

     SECTION 3.13. Guarantor Intent. Without prejudice to the generality of Section 1.5,
each Guarantor expressly confirms that it intends that this Guaranty shall extend from time to time
to any (however fundamental) variation, increase, extension or addition of or to any of the Loan
Documents and/or any facility or amount (other than the Domestic Term Loans and the Revolving
Loans) made available under any of the Loan Documents.

11

 

     SECTION 3.14. Counterparts. This Guaranty may be executed by the parties hereto in
several counterparts, each of which shall be deemed to be an original and all of which shall
constitute together but one and the same agreement. Delivery of an executed counterpart of a
signature page to this Guaranty by facsimile or via other electronic means shall be effective as
delivery of a manually executed counterpart of this Guaranty.

     SECTION 3.15. Judgment Currency. If, for the purposes of obtaining judgment in any
court, it is necessary to convert a sum due hereunder in one Currency into another Currency, the
rate of exchange used shall be that at which in accordance with normal banking procedures the
French Administrative Agent could purchase the first Currency with such other Currency on the
Business Day preceding that on which final judgment is given. The obligation of each Guarantor in
respect of any such sum due from it to the French Administrative Agent or the Lenders hereunder or
the other Loan Documents shall, notwithstanding any judgment in a Currency (the “Judgment
Currency”) other than that in which such sum is denominated in accordance with the applicable
provisions of this Guaranty (the “Agreement Currency”), to the extent permitted by law, be
discharged only to the extent that on the Business Day following receipt by the French
Administrative Agent of any sum adjudged to be so due in the Judgment Currency, the French
Administrative Agent may in accordance with normal banking procedures purchase the Agreement
Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less
than the sum originally due to the French Administrative Agent from any Guarantor in the Agreement
Currency, such Guarantor agrees, as a separate obligation and notwithstanding any such judgment,
and, to the extent permitted by law, to indemnify the French Administrative Agent or the Person to
whom such obligation was owing against such loss. If the amount of the Agreement Currency so
purchased is greater than the sum originally due to the French Administrative Agent in such
Currency, the French Administrative Agent agrees to return the amount of any excess to such
Guarantor (or to any other Person who may be entitled thereto under applicable law).

     SECTION 3.16. ENTIRE AGREEMENT. THIS GUARANTY AND THE OTHER LOAN DOCUMENTS REPRESENT
THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL
AGREEMENTS AMONG THE PARTIES.

12

 

     IN WITNESS WHEREOF, the Guarantors have caused this Guaranty to be duly executed and delivered
by their respective authorized officers as of the date first above written.

	 	 	 	 	 
	 	MIRION TECHNOLOGIES (GDS), INC.,

a Delaware corporation

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	MIRION TECHNOLOGIES (MGPI), INC.,

a Delaware corporation

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	DOSIMETRY ACQUISITIONS (U.S.) LLC,

a Delaware limited liability company

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	IST ACQUISITIONS, LLC,

a Delaware limited liability company

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	MIRION TECHNOLOGIES (IST) CORPORATION,

a New York corporation

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 

13

 

	 	 	 	 	 

	 	 	 	 	 
	 	MIRION TECHNOLOGIES (CONAX NUCLEAR), INC.,

a New York corporation

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	MIRION TECHNOLOGIES, INC.,

a Delaware corporation

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 

14

 

	 	 	 	 	 

	 	 	 	 	 
	 	DOSIMETRY ACQUISITIONS (FRANCE) SAS,

a French société par actions simplifiée (limited

liability company)

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	MIRION TECHNOLOGIES (MGPI) SA,

a French société par actions simplifiée (limited

liability company)

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	MIRION TECHNOLOGIES (RADOS) GMBH,

a German limited liability company (Gesellschaft mit

beschränkter, Haftung)

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	MIRION TECHNOLOGIES (MGPI H&B) GMBH,

a German limited liability company (Gesellschaft mit

beschränkter, Haftung)

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 

15

 

	 	 	 	 	 

	 	 	 	 	 
	 	MIRION TECHNOLOGIES (IST) LTD.,

an English limited liability company

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	MIRION TECHNOLOGIES (IST CANADA), INC.,

an Ontario (Canada) corporation

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 

16

 

	 	 	 	 	 

ACCEPTED AND AGREED FOR ITSELF

AND ON BEHALF OF THE SECURED PARTIES:

J.P. MORGAN EUROPE LIMITED,

     as French Administrative Agent

	 	 	 	 	 
	 	 	 
	By:  	
 	 	 
	 	Title: 	 	 
	 	 	 	 

17

 

	 	 	 	 	 

ANNEX I to

the Guaranty

     THIS SUPPLEMENT, dated as of [ ] (this “Supplement”), is to the Guaranty (French
Obligations), dated as of [ ], 2010 (as amended, supplemented, amended and restated or otherwise
modified from time to time, the “Guaranty”), among the Guarantors (such capitalized term,
and other terms used in this Supplement, to have the meanings set forth in the Guaranty) from time
to time party thereto, in favor of J.P. MORGAN EUROPE LIMITED, as French administrative agent
(together with its successor(s) thereto in such capacity, the “French Administrative
Agent”) for each of the Secured Parties.

W I T N E S S E T H :

     WHEREAS, pursuant to the provisions of Section 5.09 of the Credit Agreement and Section 3.5 of
the Guaranty, each of the undersigned is becoming a Guarantor under the Guaranty; and

     WHEREAS, each of the undersigned desires to become a “Guarantor” under the Guaranty in order
to Guarantee the Obligations (as defined in the Credit Agreement) of the French Borrowers under the
Credit Agreement;

     NOW, THEREFORE, in consideration of the premises, and for other consideration (the receipt and
sufficiency of which is hereby acknowledged), each of the undersigned agrees, for the benefit of
each Secured Party, as follows.

     SECTION 1. Party to Guaranty, etc. In accordance with the terms of the Guaranty, by
its signature below, each of the undersigned hereby irrevocably agrees to become a Guarantor under
the Guaranty with the same force and effect as if it were an original signatory thereto and each of
the undersigned hereby (a) agrees to be bound by and comply with all of the terms and provisions of
the Guaranty applicable to it as a Guarantor and (b) represents and warrants that the
representations and warranties made by it as a Guarantor thereunder are true and correct as of the
date hereof. In furtherance of the foregoing, each reference to a “Guarantor” and/or “Guarantors”
in the Guaranty shall be deemed to include each of the undersigned.

     SECTION 2. Waiver, etc. Each of the undersigned hereby waives promptness, diligence,
notice of acceptance and any other notice not provided herein with respect to any of the
Obligations, this Supplement and the Guaranty and any requirement that any Secured Party protect,
secure, perfect or insure any Lien, or any property subject thereto, or exhaust any right or take
any action against any Loan Party or any other Person (including any other Guarantor) or entity or
any collateral securing the Obligations, as the case may be.

     SECTION 4. Representations. Each of the undersigned hereby represents and warrants
that this Supplement has been duly authorized, executed and delivered by it and that this
Supplement and the Guaranty constitute the legal, valid and binding obligation of each of the
undersigned, enforceable against it in accordance with its terms.

 

 

     SECTION 5. Full Force of Guaranty. Except as expressly supplemented hereby, the
Guaranty shall remain in full force and effect in accordance with its terms.

     SECTION 6. Severability. Any provision of this Supplement held to be illegal,
invalid or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such invalidity, illegality or unenforceability without affecting the validity, legality
and enforceability of the remaining provisions hereof; and the invalidity of a particular provision
in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

     SECTION 7. Indemnity; Fees and Expenses, etc. Without limiting the provisions of any
other Loan Document, each of the undersigned agrees to reimburse the French Administrative Agent
for its reasonable out-of-pocket expenses incurred in connection with this Supplement, including
reasonable attorney’s fees and expenses of the French Administrative Agent’s counsel.

     SECTION 8. Governing Law. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

     SECTION 9. Counterparts. This Supplement may be executed by the parties hereto in
several counterparts, each of which shall be deemed to be an original and all of which shall
constitute together but one and the same agreement. Delivery of an executed counterpart of a
signature page to this Guaranty by facsimile or via other electronic means shall be effective as
delivery of a manually executed counterpart of this Guaranty.

     SECTION 10. ENTIRE AGREEMENT. THE GUARANTY AND THE OTHER LOAN DOCUMENTS, AS
SUPPLEMENTED BY THIS SUPPLEMENT, REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.
THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.

2

 

     IN WITNESS WHEREOF, the undersigned have caused this Supplement to be duly executed and
delivered by their respective authorized officers as of the date first above written.

	 	 	 	 	 
	 	[NAME OF ADDITIONAL SUBSIDIARY,

a [JURISDICTION OF ORGANIZATION] [ENTITY TYPE]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

ACCEPTED AND AGREED FOR ITSELF

AND ON BEHALF OF THE SECURED PARTIES:

J.P. MORGAN EUROPE LIMITED,

     as French Administrative Agent

	 	 	 	 	 
	 	 	 
	By:  	
 	 	 
	 	Title: 	 	 
	 	 	 	 
	 

 

 

Exhibit D-1

DOMESTIC PLEDGE AND SECURITY AGREEMENT

     This DOMESTIC PLEDGE AND SECURITY AGREEMENT (as it may be amended, supplemented or otherwise
modified from time to time, this “Agreement”) is dated as of [               ], 2010 and is made
by MIRION TECHNOLOGIES, INC., a Delaware corporation (the “Parent”), DOSIMETRY ACQUISITIONS
(U.S.), LLC, a Delaware limited liability company, MIRION TECHNOLOGIES (GDS), INC., a Delaware
corporation, MIRION TECHNOLOGIES (IST) CORPORATION, a New York corporation, IST ACQUISITIONS, LLC,
a Delaware limited liability company, MIRION TECHNOLOGIES (CONAX NUCLEAR), INC., a New York
corporation, MIRION TECHNOLOGIES (MGPI), INC., a Delaware corporation, and any future Domestic
Subsidiary, if any, that becomes a party to this Agreement (each such party other than the Parent
is referred to herein as a “Subsidiary Grantor” and collectively with the Parent, the
“Grantors”) in favor of and for the benefit of JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
(“JPMCB”), as Domestic Administrative Agent (the “Domestic Administrative Agent”),
and J.P. MORGAN EUROPE LIMITED, as French Administrative Agent (the “French Administrative
Agent”, and together with the Domestic Administrative Agent, the “Administrative
Agents”), each for the Lenders (the “Lenders” and, together with the Administrative
Agents, each a “Secured Party” and, collectively, the “Secured Parties”) that are
or may hereafter become party to the Credit Agreement as Lenders.

PRELIMINARY STATEMENTS

     (1) The Domestic Administrative Agent, the French Administrative Agent, the Parent, the French
Borrowers and the Lenders have entered into a Credit Agreement dated as of the date hereof (as
amended, restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”), pursuant to which, among other things, and subject to the terms and conditions set
forth in the Credit Agreement, Revolving Lenders have extended Revolving Commitments to make
Revolving Loans to the Parent, the Issuing Bank has agreed to issue Letters of Credit for the
account of the Parent and/or its Subsidiaries, the Domestic Term Lenders have agreed to make
Domestic Term Loans to the Parent and the French Term Lenders have agreed to make French Term Loans
to the French Borrowers.

     (2) Pursuant to that certain Guaranty (Domestic Obligations) (as amended, restated,
supplemented or otherwise modified from time to time, the “Domestic Guaranty”) of even date
herewith, the Subsidiary Grantors have guaranteed all obligations of the Parent under the Credit
Agreement. Pursuant to that certain Guaranty (French Obligations) (as amended, restated,
supplemented or otherwise modified from time to time, the “French Guaranty”, and together
with the Domestic Guaranty, the “Guaranties”) of even date herewith, the Parent and the
Subsidiary Grantors have guaranteed all obligations of the French Borrowers under the Credit
Agreement.

     (3) It is a condition precedent to the effectiveness of the Credit Agreement that each Grantor
shall have granted the security interest and made the pledge contemplated by this Agreement.

 

 

     NOW, THEREFORE, in consideration of the premises and in order to induce the Lenders to make
Loans under the Credit Agreement and to induce the Issuing Bank to issue Letters of Credit under
the Credit Agreement and other good and valuable consideration, the Grantors, and each of them,
hereby agree with each Administrative Agent for its benefit and the ratable benefit of the Lenders
as follows:

     Section 1. Certain Definitions. When used herein, (a) the terms Account, Account
Debtor, Certificated Security, Chattel Paper, Commercial Tort Claim, Deposit Account, Document,
Equipment, Fixture, General Intangibles, Goods, Instruments, Inventory, Investment Property,
Letter-of-Credit Right, Proceeds, Securities Account, Security, Security Entitlement, Supporting
Obligations and Uncertificated Security have the meaning ascribed under Article 8 or Article 9, as
applicable, of the Uniform Commercial Code, as in effect in the State of New York, as the same
shall be hereafter amended (the “Uniform Commercial Code” or “UCC”) and (b)
capitalized terms not defined herein have the meanings assigned to such terms in the Credit
Agreement. 

     Section 2. Grant of Security. Each Grantor, in order to secure the Secured
Obligations, hereby pledges to the Domestic Administrative Agent for the benefit of the Secured
Parties and hereby grants to the Administrative Agents for the benefit of the Secured Parties a
security interest in, all of such Grantor’s right, title and interest, whether now owned or
hereafter acquired and wherever located, in and to any and all of the following assets and property
of such Grantor (collectively, the “Collateral”), and subject only to Liens permitted under
the Credit Agreement (the “Permitted Liens”):

     (a) all Goods, together with all accessions, additions, attachments, improvements,
substitutions and replacements thereto and therefor, including but not limited to the following:

     (i) all Equipment in all of its forms, wherever located, now or hereafter existing
(including, but not limited to, all gaming, manufacturing, distribution, selling, data
processing and office equipment, all machinery, all furniture, furnishings, appliances,
tools, tooling, molds, dies, vehicles, vessels, barges, including any buildings,
construction or other improvements thereon, and aircraft;

     (ii) all Inventory in all of its forms, wherever located, now or hereafter existing
(including, but not limited to, (i) all goods which are held for sale or lease or to be
furnished (or which have been furnished) under any contract of service, or which are raw
materials, work in process therefor, finished goods thereof or materials used or consumed in
the manufacture or production thereof, and (ii) Goods in which such Grantor has an interest
in mass or a joint or other interest or right of any kind (including, without limitation,
goods in which such Grantor has an interest or right as consignee) and (iii) Goods that are
returned to or repossessed by such Grantor), and all accessions thereto and products thereof
and Documents therefor;

     (iii)
all Fixtures and trade fixtures and all parts thereof and accessions thereto;

     (b) all Accounts, contract rights, Chattel Paper, Instruments, General Intangibles and other
obligations of any kind, now or hereafter existing, whether or not arising out of or in

2

 

connection with the sale or lease of Goods or the rendering of services, and all rights now or
hereafter existing in and to all security agreements, leases and other contracts securing or
otherwise relating to any such Accounts, contract rights, Chattel Paper, Instruments, Deposit
Accounts, General Intangibles or obligations (any and all such Accounts, contract rights, Chattel
Paper, Instruments, Deposit Accounts, General Intangibles and obligations, to the extent not
referred to in clause (c), (d), (e), (f), (g), (h), (i) or (j) below, being the
“Receivables”, and any and all such leases, security agreements and other contracts being
the “Related Contracts”);

     (c) all Investment Property and Security Entitlements;

     (d) all of the following (the “Security Collateral”):

     (i) all indebtedness evidenced by a promissory note or instrument and described on
Schedule I-A (collectively, the “Pledged Debt”) and all other indebtedness owing to
such Grantor and the promissory notes or other instruments evidencing the Pledged Debt and
such other indebtedness, and all interest, cash, instruments and other property from time to
time received or otherwise distributed in respect of or in exchange for any or all of the
Pledged Debt or such other indebtedness; and

     (ii) all equity interests from time to time acquired, owned or held by such Grantor in
any manner (the “Pledged Equity”), including all shares of stock described on
Schedule I-B opposite the name of such Grantor and all shares of stock in any Person that
becomes a direct subsidiary of such Grantor after the date hereof, all of the certificates,
if any, representing such Pledged Equity, and all cash, securities, dividends, rights,
distributions, return of capital, instruments and other property at any time and from time
to time received or otherwise distributed in respect of or in exchange for any or all of
such shares or other equity interests; provided, however, notwithstanding anything
to the contrary herein, the Grantors shall not be required to pledge more than 65% of the
total equity interests of any Foreign Subsidiary under this Agreement;

     (e) all of the following (collectively, the “Account Collateral”):

     (i) the L/C Cash Collateral Account (as hereinafter defined) and all other Deposit
Accounts of such Grantor, all funds held therein and all certificates and Instruments, if
any, from time to time representing or evidencing such deposit accounts;

     (ii) notes, certificates of deposit, Deposit Accounts, checks and other Instruments
from time to time hereafter delivered to or otherwise possessed by either Administrative
Agent for or on behalf of such Grantor in substitution for or in addition to any or all of
the then-existing Account Collateral; and

     (iii) all interest, dividends, cash, Instruments and other property from time to time
received, receivable or otherwise distributed in respect of or in exchange for any or all of
the then-existing Account Collateral;

     (f) all trademarks and service marks, trade name, corporate names, company names, business
names, fictitious business names, trade styles, service marks, logos, and any other designs or
sources of business identifiers, indicia of origin or similar devices, all registrations

3

 

with respect thereto, all applications with respect to the foregoing, and all extensions and
renewals with respect to any of the foregoing, together with all of the goodwill associated with
any and all of the foregoing, throughout the world, in each case whether now or hereafter existing,
together with all rights and interests associated with the foregoing, including, without
limitation, rights against third parties for any past, present or future infringement of any
trademark or similar device or registration thereof, or for any injury to the goodwill associated
therewith, and all corresponding rights throughout the world (any and all of the foregoing being
the “Trademarks”);

     (g) all copyrights and all copyrights of works based on, incorporated in, derived from or
relating to works covered by any such copyrights, and derivative works based on or adopted from
works covered by any such copyrights, all registrations with respect thereto, all applications with
respect to the foregoing, and all extensions and renewals with respect to any of the foregoing, in
each case whether now or hereafter existing, together with all rights associated with the
foregoing, including, without limitation, rights against third parties for any past, present or
future infringement of any copyright or registration thereof, and all corresponding rights
throughout the world (any and all of the foregoing being the “Copyrights”);

     (h) all patents and patent applications, and the inventions and improvements described and
claimed therein, and patentable inventions and the reissues, divisions, continuations, renewals,
extensions and continuations-in-part of any of the foregoing and any written agreement granting to
such Grantor any right to use any invention on which a subsisting patent exists (collectively, the
“Patents” and, together with the Trademarks and the Copyrights, the “Intellectual
Property”);

     (i) all Documents;

     (j) all Letter-of-Credit Rights and letters of credit (as such term is defined in Article 5 of
the Uniform Commercial Code);

     (k) all computer and other electronic data processing hardware, whether now or hereafter
owned, licensed or leased by such Grantor, including, without limitation, all integrated computer
systems, central processing units, memory units, display terminals, printers, features, computer
elements, card readers, tape drives, hard and soft disk drives, cables, electrical supply hardware,
generators, power equalizers, accessories and all peripheral devices and other related computer
hardware; (ii) all software programs, whether now or hereafter owned, licensed or leased by such
Grantor, designed for use on the computers and electronic data processing hardware described in
clause (I) above, including, without limitation, all operating system software, utilities and
application programs in whatsoever form (source code and object code in magnetic tape, disk or hard
copy format or any other listings whatsoever), (iii) all firmware associated therewith, whether now
or hereafter owned, licensed or leased by such Grantor, and (iv) all documentation for such
hardware, software and firmware described in the preceding clauses (i), (ii) and (iii), whether now
or hereafter owned, licensed or leased by such Grantor, including, without limitation, flow charts,
logic diagrams, manuals, specifications, training materials, charts and pseudo codes (collectively,
the “Computer Hardware and Software”), and all rights with respect thereto, including,
without limitation, any and all licenses, options, warranties, service contracts, program services,
test rights, maintenance rights, support rights,

4

 

improvement rights, renewal rights and indemnifications, and any substitutions, replacements,
additions or model conversions of any of the foregoing;

     (l) all Commercial Tort Claims;

     (m) all money (as such term is defined in Article 1 of the Uniform Commercial Code of every
jurisdiction whatsoever);

     (n) to the extent not included in the foregoing, maps, surveys and similar items used or
useful in such Grantor’s business;

     (o) to the extent not included in the foregoing, all books, records, writings, data bases,
information in whatever form and other property relating to, used or useful in connection with,
evidencing, embodying, incorporating or referring to any of the foregoing;

     (p) all Proceeds, products, offspring, rents and issues of, profits and distributions on,
rights arising out of, and returns of and from any and all Collateral and to the extent not
otherwise included, all (i) claims and payments under insurance (whether or not an Administrative
Agent is the loss payee thereof), or any indemnity, warranty or guaranty, payable by reason of
loss, nonconformity, or interference with the use of, defects of infringements of rights in, or
damage to or otherwise with respect to any Collateral; and

     (q) to the extent not included in the foregoing, all other personal property of any kind or
description;

provided that notwithstanding anything to the contrary in this Agreement, this Agreement
shall not constitute a grant of a security interest in (and the Collateral shall not include) (A)
motor vehicles the perfection of a security interest in which is excluded from the UCC in the
relevant jurisdiction, (B) any Letter-of-Credit Rights to the extent any Grantor is required by
applicable law to apply the Proceeds of such Letter-of-Credit Rights for a specified purpose, (C)
any property to the extent that the grant of a security interest therein is prohibited by any
applicable law or regulation, requires a consent not obtained of any Governmental Authority
pursuant to any applicable law or regulation, or is prohibited by, or constitutes a breach or
default under or results in the termination of or requires any consent not obtained under, any
contract, license, agreement, instrument or other document evidencing or giving rise to such
property or, in the case of any Investment Property, any applicable shareholder or similar
agreement, except to the extent that such law or regulation or the term in such contract, license,
agreement, instrument or other document or shareholder or similar agreement providing for such
prohibition, breach, default or termination or requiring such consent is ineffective under
applicable law, (D) any asset that are subject to a purchase money Lien or Lien securing Capital
Lease Obligations, in each case, permitted under the Credit Agreement to the extent the documents
relating to such purchase money Lien or Capital Lease Obligations would not permit such asset to be
subject to the Security Interests created hereby, (E) more than 65% of the outstanding voting
Equity Interests of any Foreign Subsidiary, (F) any intent-to-use trademark application to the
extent and for so long as creation by a Grantor of a security interest therein would result in the
loss by such Grantor of any material rights therein, (G) Equipment leased by a Grantor from a third
party that is not a Grantor under a lease permitted by the Credit Agreement that prohibits the
granting of a

5

 

Lien on such Equipment, (H) interests in real property, timber to be cut, as extracted collateral,
consumer goods and agricultural products, (I) any margin stock (within the meaning of Regulation U
issued by the Board of Governors of the Federal Reserve System of the United States, “Margin
Stock”) and (J) any properties or assets as to which the Domestic Administrative Agent shall
determine in its sole discretion that the costs of obtaining the security interests in such
properties or assets are excessive in relation to the value of the security to be afforded thereby
(collectively, the “Excluded Property”).

     In the event of the termination or elimination of any prohibition or the requirement for any
consent contained in any law, rule, regulation, agreement, document or instrument to the extent
sufficient to permit any Excluded Property to become Collateral hereunder, or upon the granting of
any such consent, or waiving or terminating any requirement for such consent, a security interest
in such Excluded Property shall be automatically and simultaneously granted hereunder in such
Excluded Property, and the Excluded Property automatically and simultaneously shall be deemed to be
assigned and pledged to each Administrative Agent and shall be included as Collateral hereunder.

     Section 3. Security for Obligations. This Agreement secures with respect to each
Grantor, and the Collateral of such Grantor is collateral security for, the prompt payment and
performance in full when due, whether on a specified payment date, at stated maturity, by
acceleration or otherwise (including, without limitation, the payment of amounts that would become
due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code or any
similar law) of all Obligations of such Grantor to any Secured Party now or hereafter existing
under the Credit Agreement, this Agreement, the Guaranties, any promissory notes, and the other
Loan Documents (in each case as amended or modified from time to time), in each case whether for
principal (including reimbursement for amounts drawn or available to be drawn under Letters of
Credit), interest (including, without limitation, interest that, but for the filing of a petition
in bankruptcy would accrue on such obligations), fees, expenses, increased costs, indemnification
or otherwise (any and all such obligations being the “Secured Obligations”). Without
limiting the generality of the foregoing, this Agreement secures the payment of all amounts that
constitute part of the Secured Obligations and would be owed by any Grantor to either
Administrative Agent or the Lenders under the Credit Agreement, this Agreement, the Guaranty, any
promissory notes, and the other Loan Documents but for the fact that they are unenforceable or not
allowable due to the existence of a bankruptcy, reorganization or similar proceedings.

     Section 4. Grantors Remains Liable. Anything herein to the contrary notwithstanding,
(a) each Grantor shall remain liable under the contracts and agreements included in such Grantor’s
Collateral to the extent set forth therein to perform all of its duties and obligations thereunder
to the same extent as if this Agreement had not been executed, (b) the exercise by either
Administrative Agent of any of the rights hereunder shall not release any Grantor from any of its
duties or obligations under the contracts and agreements included in the Collateral and (c) no
Secured Party shall have any obligation or liability under the contracts and agreements included in
the Collateral by reason of this Agreement, nor shall any Secured Party be obligated to perform any
of the obligations or duties of any Grantor thereunder or to take any action to collect or enforce
any claim for payment assigned hereunder.

6

 

     Section 5. Delivery of Security Collateral and Account Collateral. Subject to
Sections 7(f), all certificates or instruments representing or evidencing Security Collateral or
Account Collateral shall, at the request of either Administrative Agent, be delivered to and held
by or on behalf of such Administrative Agent pursuant hereto and shall be in suitable form for
transfer by delivery, or shall be accompanied by duly executed instruments of transfer or
assignment in blank, all in form and substance satisfactory to such Administrative Agent. Each
Administrative Agent shall have the right, upon the occurrence and during the continuance of an
Event of Default, without notice to any Grantor, to transfer to or to register in the name of the
such Administrative Agent or any of its nominees any or all of the Security Collateral and Account
Collateral. In addition, each Administrative Agent shall have the right upon the occurrence of and
during the continuance of an Event of Default to exchange instruments representing or evidencing
Security Collateral or Account Collateral, for instruments of smaller or larger denominations.

     Section 6. Maintaining the L/C Cash Collateral Account. If any Event of Default
shall have occurred and shall be continuing:

     (a) If so required by the provisions of Section 2.05(j) of the Credit Agreement, the Parent
shall open an interest bearing cash collateral account (the “L/C Cash Collateral Account”)
with JPMCB, in the name of the Domestic Administrative Agent and for the benefit of the Revolving
Lenders and subject to the terms of this Agreement; and

     (b) It shall be a term and condition of the L/C Cash Collateral Account, except as otherwise
provided by the provisions of Section 2.05(j) of the Credit Agreement and Section 19 hereof, that
no amount shall be paid or released to or for the account of, or withdrawn by or for the account
of, the Parent or any other Person (other than the Domestic Administrative Agent) from the L/C Cash
Collateral Account.

The L/C Cash Collateral Account shall be subject to such applicable laws, and such applicable
regulations of the Board of Governors of the Federal Reserve System and of any other appropriate
banking or governmental authority, as may then or thereafter be in effect.

     Section 7. Representations and Warranties. Each Grantor hereby represents and
warrants as follows:

     (a) The jurisdiction of organization of such Grantor as of the date hereof is as set forth on
Schedule II. The chief place of business and chief executive office of such Grantor as of the date
hereof are located at the address specified for such Grantor on Schedule II hereto. As of the date
hereof, none of the Receivables is evidenced by a promissory note or other instrument in a
principal amount greater than $10,000. Such Grantor’s federal tax identification number is as set
forth on Schedule II.

     (b) Such Grantor is the legal and beneficial owner of the Collateral free clear of any Lien,
except for Permitted Liens. No effective financing statement or other instrument similar in effect
covering all or any part the Collateral is on file in any recording office, except such as may have
been filed in favor of the Domestic Administrative Agent relating to this Agreement or any other
Loan Document and except for Permitted Liens. As of the date of this Agreement, such

7

 

Grantor currently conducts business only under its own name and, in certain areas and for
certain operations, the trade names listed on Schedule III. Neither such Grantor nor any corporate
predecessor has, during the preceding five (5) years, been known as or used any other corporate or
fictitious name, except such names as are disclosed on Schedule III.

     (c) The Pledged Debt of such Grantor, if any, is in all respects what it purports to be and
represents genuine debt owing to such Grantor arising from bona fide transactions completed in
accordance with the terms and provisions contained in the document delivered to the Administrative
Agents with respect thereto.

     (d) The pledge of the Pledged Debt, if any, pursuant to this Agreement creates a valid and
first priority perfected security interest in the Pledged Debt, respectively, subject to Permitted
Liens.

     (e) The Pledged Debt constitutes, as of the Effective Date, all of the notes and instruments
payable to or owned by such Grantor, except for notes and instruments received in the ordinary
course of business or which such Grantor is not required to deliver to the Administrative Agents
pursuant to Section 8(a)(iii) hereof or of which the Administrative Agents have not at any time
requested possession and which are not a material portion of the Collateral either singly or in the
aggregate.

     (f) UCC financing statements describing the Collateral as “all personal property” have been
filed in the UCC filing offices in the jurisdiction set forth in Schedule II under the heading
“Jurisdiction of Organization” with respect to such Grantor (or such Grantor has authorized the
filing of such UCC financing statements in such jurisdiction) with respect to the Collateral as to
which UCC financing statements are required to be filed, so that the security interests granted
pursuant to this Agreement, to the extent they may be perfected by filing UCC financing statements
in such jurisdictions, constitute (or in the case of any such UCC financing statements not yet
filed, will constitute upon filing thereof) perfected security interests in and liens on the
Collateral to the extent a security interest can be created therein under the Uniform Commercial
Code, subject only to Permitted Liens. The Domestic Administrative Agent agrees that the Grantors
shall not be required to perfect the security interest created hereunder in Deposit Accounts and
Securities Accounts to the extent any such Deposit Accounts and Securities Accounts do not
individually have a balance exceeding $50,000 or do not, in the aggregate, have a balance exceeding
$250,000.

     (g) To the best of such Grantor’s knowledge, each trademark, copyright and patent material to
the operations of the Parent and its Subsidiaries taken as a whole is validly subsisting and is
presently in good standing. 

     (h) No claim has been made by a third party that any Intellectual Property is invalid or
unenforceable, except to the extent that any such claim would not reasonably be expected to have a
Material Adverse Effect.

     (i) No claim has been made that the use by the Grantors of any Intellectual Property owned by
any Grantor for the provision of goods and services by any Grantor violates the

8

 

Intellectual Property of any third party, except to the extent that any such claim would not
reasonably be expected to have a Material Adverse Effect.

     (j) All Deposit Accounts maintained by any Grantor with any bank or any other financial
institution as of the date hereof are listed on Schedule IV hereto.

     (k) All U.S. registered Intellectual Property of any Grantor as of the date hereof is listed
on Schedule V hereto.

     (l) All Pledged Equity owned by such Grantor is owned by it free and clear of any Lien other
than (i) the security interest created hereunder and (ii) any inchoate tax liens. All shares of
capital stock referred to in Schedule I-B opposite the name of such Grantor are duly
authorized, validly issued, fully paid and non-assessable. As to each issuer whose name appears in
Schedule I-B opposite the name of such Grantor, such Grantor’s Pledged Equity represents on
the date hereof the percentage (as shown in Schedule I-B) of the total shares of capital
stock issued and outstanding of such issuer. The information contained in Schedule I-B
opposite the name of such Grantor is true and accurate in all respects as of the date hereof.

     (m) None of the interests in any limited liability company or limited partnership controlled
by any Grantor and pledged hereunder are represented by a certificate or are “securities” within
the meaning of Article 8 of the New York UCC, and each Grantor covenants and agrees that it shall
at no time elect to treat any such interest as a “security” within the meaning of Article 8 of the
New York UCC or issue any certificate representing such interest, unless it promptly pledges and
delivers any such certificate to the Administrative Agent pursuant to the terms hereof in
accordance with the Credit Agreement.

     (n) At no time will (x) 25% or more of the assets of the Parent and its Subsidiaries on a
consolidated basis and on an unconsolidated basis consist of Margin Stock or (y) the Parent or any
Subsidiary own Margin Stock having a market value in excess of $50,000.

     Section 8. Further Assurances.

     (a) Each Grantor agrees that from time to time, at the expense of such Grantor, such Grantor
will promptly execute and deliver, or otherwise authenticate, all further instruments and
documents, and take all further action, that may be necessary or advisable, or that either
Administrative Agent may reasonably request, in order to perfect, protect and maintain the priority
of any pledge, assignment or security interest granted or purported to be granted by such Grantor
hereunder or to enable either Administrative Agent to exercise and enforce its rights and remedies
hereunder with respect to any Collateral of such Grantor. Without limiting the generality of the
foregoing, each Grantor will: (i) at the request of either Administrative Agent made at any time
after the occurrence and during the continuation of an Event of Default, mark conspicuously each
document included in the Inventory, each chattel paper included in the Receivables, each Related
Contract and each of its records pertaining to the Collateral with a legend, in form and substance
reasonably satisfactory to such Administrative Agent, indicating that such document, chattel paper,
Related Contract or Collateral is subject to the security interest granted hereby; (ii) if any
Collateral shall be evidenced by, or if such Grantor shall otherwise be the payee under, a
promissory note or other instrument or chattel paper in a

9

 

principal amount in excess of $10,000, deliver and pledge to the Domestic Administrative Agent
hereunder such note or instrument or chattel paper duly indorsed and accompanied by duly executed
instruments of transfer or assignment, all in form and substance reasonably satisfactory to the
Domestic Administrative Agent (it being understood that no Grantor shall be obligated to deliver
any such note or instrument or chattel paper in a principal amount less than $10,000); and (iii)
execute and file such financing or continuation statements, or amendments thereto, and such other
instruments or notices, as may be necessary or advisable, or as either Administrative Agent may
reasonably request, in order to perfect and preserve, with the required priority, the pledge,
assignment and security interest granted or purported to be granted hereby.

     (b) Each Grantor hereby authorizes each Administrative Agent to file one or more financing or
continuation statements, and amendments thereto, relating to all or any part of the Collateral
without the signature of such Grantor where permitted by law. A photocopy or other reproduction of
this Agreement or any financing statement covering the Collateral or any part thereof shall be
sufficient as a financing statement where permitted by law.

     (c) Each Grantor will furnish to the Administrative Agents, from time to time, statements and
schedules further identifying and describing the Collateral and such other reports in connection
with the Collateral as either Administrative Agent may reasonably request, all in reasonable
detail.

     (d) Each Grantor agrees that, at the request of either Administrative Agent, following the
occurrence and during the continuance of an Event of Default, such Grantor will execute any and all
documents, notices or instruments as may be necessary or advisable, or as either Administrative
Agent may reasonably request, to direct the United States government to pay to either
Administrative Agent, for the account of the Secured Parties, all amounts otherwise payable to the
Grantors under the Assignment of Claims Act, 31 U.S.C. § 3727 and 41 U.S.C. § 15.

     (e) Each Grantor shall (i) use reasonable commercial efforts to preserve and maintain those
material rights in the Intellectual Property that are, in each Grantor’s reasonable opinion,
necessary at any given time, for the operation of such Grantors’ business; provided that no
Grantor shall hereby be required to commence, continue, join or defend any action or proceeding in
respect of any infringement of Intellectual Property if, in such Grantor’s reasonable opinion, such
action or proceeding would be detrimental to such Grantor’s business, and (ii) upon the occurrence
and during the continuation of an Event of Default, use all reasonably commercial efforts to obtain
any consents, waivers or agreements necessary to enable the Administrative Agents to exercise their
respective remedies with respect to the Intellectual Property. No Grantor shall abandon any
material pending copyright, patent or trademark application, or material Copyright, Patent or
Trademark without the prior written consent of each Administrative Agent.

     Section 9. As to Equipment and Inventory.

     (a) At the request of the Domestic Administrative Agent, each Grantor shall provide written
notice of the location of any Equipment and Inventory of such Grantor.

10

 

     (b) Each Grantor shall cause the Equipment material to its operations to be maintained and
preserved in good repair and working order, ordinary wear and tear and damage due to casualty
excepted.

     Section 10. Investment Property.

     (a) During the continuation of an Event of Default, promptly upon the request of the
Administrative Agent, with respect to any Security Collateral in which any Grantor has any right,
title or interest and that constitutes an Uncertificated Security, such Grantor will cause the
issuer thereof either (i) to register the Administrative Agent as the registered owner of such
Security or (ii) to agree in an authenticated record with such Grantor and the Administrative Agent
that such issuer will comply with instructions with respect to such Collateral originated by the
Administrative Agent without further consent of such Grantor, such authenticated record to be in
form and substance reasonably satisfactory to the Administrative Agent. During the continuation of
an Event of Default, with respect to any Security Collateral in which any Grantor has any right,
title or interest and that is not an Uncertificated Security, promptly upon the request of the
Administrative Agent, such Grantor will notify each such issuer of Pledged Equity that such Pledged
Equity is subject to the security interest granted hereunder.

     (b) At any time after the occurrence of and during the continuance of an Event of Default,
either Administrative Agent or its nominee may, upon notice, exercise all voting and similar rights
at any meeting of any corporation or other entity issuing the shares or similar ownership interests
included in the Pledged Equity and exercise any and all rights of conversion, exchange,
subscription or any other rights, privileges or options pertaining to any such Pledged Equity as if
it were the absolute owner thereof, including the right to receive dividends payable thereon, and
the right to exchange, at its discretion, any and all of the Pledged Equity upon the merger,
consolidation, reorganization, recapitalization or other readjustment of the relevant corporation
issuing such shares or similar ownership interests or upon the exercise by any such issuer of any
right, privilege or option pertaining to such shares or similar ownership interests, and in
connection therewith, to deposit and deliver any and all of the Pledged Equity with any committee,
depositary, transfer agent, registrar or other designated agency upon such terms and conditions as
it may determine, all without liability except to account for property actually received by it, but
the Administrative Agents shall have no duty to exercise any of the aforesaid rights, privileges or
options and shall not be responsible for any failure to do so or delay in so doing.

     (c) At any time after the occurrence and during the continuance of an Event of Default, each
Administrative Agent shall have the right to require that all cash dividends and other
distributions payable with respect to any part of the Investment Property in which a security
interest is purported to be granted hereunder or the Pledged Equity be paid to the Domestic
Administrative Agent to be held by such Administrative Agent as additional security hereunder until
applied to the Secured Obligations.

     (d) Upon any request by the Domestic Administrative Agent from time to time, each Grantor
shall execute and deliver such control agreements and other documents and instruments (and shall
use commercially reasonable efforts to cause the applicable financial institution or other party to
do so), as either Administrative Agent may reasonably request in order to further

11

 

perfect and preserve the security interests granted hereby in all Investment Property other
than Investment Property not exceeding $50,000 in the aggregate.

     Section 11. As to Intellectual Property.

     (a) Except as permitted under the Credit Agreement, no Grantor shall (i) do or fail to perform
any act whereby any of the Patents may lapse or become abandoned or dedicated to the public or
unenforceable, (ii) do or permit any act or knowingly omit to do any act whereby any of the
Trademarks may lapse or become invalid or unenforceable, or (iii) do or permit any act or knowingly
omit to do any act whereby any of the Copyrights may lapse or become invalid or unenforceable or
placed in the public domain except upon expiration of the end of an unrenewable term of a
registration thereof, unless, in the case of any of the foregoing requirements in clauses
(i), (ii) and (iii), such Grantor shall reasonably and in good faith determine
that the loss of such Intellectual Property would not reasonably be expected have a Material
Adverse Effect.

     (b) The Parent shall, together with the delivery of its financial statements pursuant to
Section 5.01 of the Credit Agreement, deliver to the Administrative Agents notices detailing: (i)
any filing of an application for the registration of any Patent or Trademark with the United States
Patent and Trademark Office or corresponding offices in other countries of the world, (ii) new
ownership interest in any Patent or Trademark or (ii) any Borrower receiving, as owner or exclusive
licensee, a Copyright registration with the United States Copyright Office or corresponding offices
in other countries of the world, and upon request of either Administrative Agent, promptly execute
and deliver a Patent Security Agreement or a Trademark Security Agreement, or a similar
acknowledgement with respect to Copyrights in form and substance satisfactory to the Domestic
Administrative Agent, as applicable, and other documents as either Administrative Agent may
reasonably request to evidence the its security interest in such Intellectual Property.

     (c) The Parent shall take all necessary steps, including in any proceeding before the United
States Patent and Trademark Office, the United States Copyright Office and corresponding offices in
other countries of the world, to maintain and pursue any application (and to obtain the relevant
registration) filed with respect to, and to maintain any registration of, the Intellectual
Property, including the filing of applications for renewal, affidavits of use, affidavits of
incontestability and opposition, interference and cancellation proceedings and the payment of fees
and taxes (except to the extent that dedication, abandonment or invalidation is permitted under the
foregoing clause (a) or (b)) or under the Credit Agreement.

     (d) As of the date hereof, each Grantor has executed and delivered to the Administrative
Agents a Patent Security Agreement (each, a “Patent Security Agreement”) in substantially
the form of Exhibit B-1 attached hereto, pursuant to which such Grantor has granted to the
Administrative Agents, for the benefit of the Secured Parties, a security interest in all their
respective Patents on Schedule I thereto (as such schedule may be amended or supplemented
from time to time).

     (e) As of the date hereof, each Grantor has executed and delivered to the Administrative
Agents a Trademark Security Agreement (each, a “Trademark
Security Agreement”) in substantially the form of Exhibit B-2 attached hereto, pursuant
to which such Grantor has granted to the Administrative Agents, for the benefit of the Secured
Parties, a

12

 

security interest in all their respective Trademarks on Schedule I thereto (as
such schedule may be amended or supplemented from time to time).

     (f) As of the date hereof, each Grantor has executed and delivered to the Administrative
Agents a Copyright Security Agreement (each, a “Copyright Security Agreement”) in
substantially the form of Exhibit B-3 attached hereto, pursuant to which such Grantor has
granted to the Administrative Agents, for the benefit of the Secured Parties, a security interest
in all their respective Copyrights on Schedule I thereto (as such schedule may be amended
or supplemented from time to time).

     Section 12. As to Deposit Accounts. Each agrees that all Deposit Accounts (other
than Deposit Accounts having balances not exceeding $50,000 individually and Deposit Accounts
having balances, in the aggregate, not exceeding $250,000) shall be under the exclusive dominion
and control of the Domestic Administrative Agent and no withdrawals therefrom or other activities
therein shall be made without the prior written consent and instruction of the Domestic
Administrative Agent; provided that unless and until an Event of Default has occurred and
is continuing and the Domestic Administrative Agent has given notice thereof to the Parent, each
Administrative Agent hereby authorizes each Grantor to make such withdrawals and otherwise conduct
activities in its Deposit Accounts. Upon any request by the Domestic Administrative Agent from
time to time, each Grantor shall execute and deliver such blocked account and other control
agreements and other documents and instruments as the Domestic Administrative Agent may reasonably
request in order to further perfect and preserve the security interests granted hereby in all
Deposit Accounts.

     Section 13. Insurance.

     (a) Each Grantor (or Parent, on behalf of each Grantor) shall, at its own expense, maintain
insurance with respect to the Equipment and Inventory of such Grantor with financially sound and
reputable insurers in such amounts, against such risks and in such form as is consistent with past
practice and as is usually carried by companies engaged in similar businesses and owning similar
properties in the same general areas in which such Grantor operates. Each policy for property
damage insurance shall provide for all losses to be paid directly to the Domestic Administrative
Agent. Each such policy shall in addition (i) name such Grantor (or the Parent) and each
Administrative Agent as insured parties thereunder (without any representation or warranty by or
obligation upon either Administrative Agent) as their interests may appear, (ii) in the case of
property damage insurance, contain the agreement by the insurer that any loss thereunder shall be
payable to the Domestic Administrative Agent, (iii) not contain any provision providing for
recourse against either Administrative Agent for payment of premiums or other amounts with respect
thereto and (iv) provide that at least 30 days’ prior written notice of cancellation or of lapse
shall be given to the Administrative Agents by the insurer. Each Grantor (or the Parent) shall, if
so requested by either Administrative Agent, deliver to either Administrative Agent original or
duplicate policies of such insurance and, as often as either Administrative Agent may reasonably
request, a report of a reputable insurance broker with respect to such insurance. Each Grantor (or
the Parent) shall, if so requested by either Administrative Agent, deliver to either Administrative
Agent original or duplicate policies of such insurance and, as often as either Administrative Agent may reasonably request, a
report of a reputable insurance broker with respect to such insurance. Further, each Grantor (or
the

13

 

Parent) shall, at the request of either Administrative Agent, duly exercise and deliver
instruments of assignment of such insurance policies to comply with the requirements of this
Section 13 and use reasonable commercial efforts to cause the insurers to acknowledge notice of
such assignment.

     (b) Reimbursement under any liability insurance maintained by such Grantor pursuant to this
Section 13 may be paid directly to the Person who shall have incurred liability covered by such
insurance. In case of any loss involving damage to Equipment or Inventory when subsection (c) of
this Section 13 is not applicable, such Grantor shall make or cause to be made the necessary
repairs to or replacements of such Equipment or Inventory, and any proceeds of insurance maintained
by such Grantor pursuant to this Section 13 and received by either Administrative Agent shall be
released to such Grantor as reimbursement for the costs of such repairs or replacements.

     (c) At the request of either Administrative Agent, upon the occurrence and during the
continuance of any Event of Default, all insurance payments in respect of such Equipment or
Inventory shall be paid to and applied by the Domestic Administrative Agent as specified in Section
19(b) hereof.

     Section 14. Place of Perfection; Records; Collection of Receivables; Intellectual
Property.

     (a) Each Grantor shall keep its jurisdiction of organization, its chief place of business and
chief executive office and the office where it keeps its records concerning the Collateral at the
location therefor specified on Schedule II or, upon prior written notice to the Administrative
Agents, at such other locations in a jurisdiction where all actions required by Section 8 shall
have been taken with respect to the Collateral. Each Grantor will hold and preserve such records
and chattel paper and will permit representatives of either Administrative Agent at any time during
normal business hours to inspect and make abstracts from such records and chattel paper.

     (b) Except as otherwise provided in this subsection (b), each Grantor shall continue to
collect in accordance with its customary practice, at its own expense, all amounts due or to become
due such Grantor under the Receivables and, prior to the occurrence of an Event of Default, such
Grantor shall have the right to adjust, settle or compromise the amount or payment of any Account,
or release wholly or partly any Account Debtor or obligor thereof, or allow any credit or discount
thereon, all in accordance with its customary practices. In connection with such collections, each
Grantor may take (and, upon the occurrence and during the continuation of an Event of Default, at
either Administrative Agent’s direction, shall take) such commercially reasonable actions as such
Grantor or either Administrative Agent may deem necessary or advisable to enforce collection of the
Receivables; provided, however, that each Administrative Agent shall have the
right, upon the occurrence and during the continuance of an Event of Default, and upon written
notice to such Grantor of its intention to do so, to notify the obligors under any Receivables of
the assignment of such Receivables to such Administrative Agent and to direct such obligors to make
payment of all amounts due or to become due to such Grantor thereunder directly to such
Administrative Agent and, upon such notification and at the expense of such Grantor, to enforce collection of any such Receivables, and to adjust, settle or
compromise the amount or payment thereof, in the same manner and to the same extent as such

14

 

Grantor
might have done. After receipt by such Grantor or Grantors of the notice from either
Administrative Agent referred to in the proviso to the preceding sentence, (i) all amounts
and proceeds (including instruments received by such Grantor in respect of the Receivables) shall
be received in trust for the benefit of either Administrative Agent hereunder, shall be segregated
from other funds of such Grantor and shall be forthwith paid over to the applicable Administrative
Agent in the same form as so received (with any necessary endorsement) to be applied as provided by
Section 19(b) and (ii) such Grantor shall not adjust, settle or compromise the amount or payment of
any Receivable, release wholly or partly any obligor thereof, or allow any credit or discount
thereon.

     Section 15. Transfers and Other Liens. Except as otherwise permitted under the
Credit Agreement, no Grantor shall (i) sell, assign (by operation of law or otherwise) or otherwise
dispose of, or grant any option with respect to, any of the Collateral except to the extent
permitted under the Credit Agreement, or (ii) create or suffer to exist any Lien upon or with
respect to any of the Collateral of such Grantor except for the pledge, assignment and security
interest created under this Agreement and other Liens permitted under the Credit Agreement.

     Section 16. Administrative Agent Appointed Attorney-in-Fact. Each Grantor hereby
irrevocably appoints each Administrative Agent such Grantor’s attorney-in-fact, with full authority
in the place and stead of such Grantor and in the name of such Grantor or otherwise, from time to
time, upon the occurrence and during the continuance of an Event of Default, in either
Administrative Agent’s discretion, to take any action and to execute any instrument that such
Administrative Agent may deem necessary or advisable to accomplish the purposes of this Agreement,
including, without limitation:

     (a) to obtain and adjust insurance required to be paid to the Domestic Administrative Agent
pursuant to Section 13;

     (b) to ask for, demand, collect, sue for, recover, compromise, receive and give acquittance
and receipts for moneys due and to become due under or in respect of any of the Collateral;

     (c) to receive, indorse and collect any drafts or other instruments, documents and Chattel
Paper, in connection with clause (a) or (b) above; and

     (d) to file any claims or take any action or institute any proceedings that either
Administrative Agent may deem necessary or desirable for the collection of any of the Collateral or
otherwise to enforce the rights of the Administrative Agents with respect to any of the Collateral.

     Section 17. Administrative Agents May Perform. If any Grantor fails to perform any
agreement contained herein, either Administrative Agent, upon written notice, if practicable, to
such Grantor or the Parent, may itself perform, or cause performance of, such agreement, and the
reasonable expenses of such Administrative Agent incurred in connection therewith shall be payable
by such Grantor and the Parent under Section 20(b).

     Section 18. Administrative Agents’ Duties. The powers conferred on each
Administrative Agent hereunder are solely to protect the Secured
Parties’ interest in the

15

 

Collateral and shall not impose any duty upon it to exercise any such powers. Except for the safe
custody of any Collateral in its possession and the accounting for moneys actually received by it
hereunder, the Administrative Agents shall have no duty as to any Collateral, as to ascertaining or
taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters
relative to any Collateral, whether or not any Secured Party has or is deemed to have knowledge of
such matters, or as to the taking of any necessary steps to preserve rights against any parties or
any other rights pertaining to any Collateral. Each Administrative Agent shall be deemed to have
exercised reasonable care in the custody and preservation of any Collateral in its possession if
such Collateral is accorded treatment substantially equal to that which it accords its own property
and such care and custody would not constitute gross negligence or wilful misconduct.

     Section 19. Remedies. If any Event of Default shall have occurred and be continuing:

     (a) Either Administrative Agent may exercise in respect of the Collateral, in addition to all
other rights and remedies provided for herein or otherwise available to it, all the rights and
remedies of a secured party upon default under the Uniform Commercial Code in effect in the State
of New York at such time (the “Uniform Commercial Code”) (whether or not the Uniform
Commercial Code applies to the affected Collateral) and also may (i) require each Grantor to, and
each Grantor hereby agrees that it will at its expense and upon request of either Administrative
Agent forthwith, assemble all or part of the Collateral as directed by either Administrative Agent
and make it available to either Administrative Agent at a place to be designated by either
Administrative Agent that is reasonably convenient to both parties and (ii) without notice except
as specified below, sell the Collateral or any part thereof in one or more parcels at public or
private sale, at any of the Administrative Agents’ offices or elsewhere, for cash, on credit or for
future delivery, and upon such other terms as the applicable Administrative Agent may deem
commercially reasonable. The Administrative Agent shall give the applicable Grantors at least 10
business days’ written notice of the time and place of any public sale or the time after which any
private sale is to be made and each Grantor agrees that such notice shall constitute reasonable
notification. The Administrative Agents shall not be obligated to make any sale of Collateral
regardless of notice of sale having been given. Either Administrative Agent may adjourn any public
or private sale from time to time by announcement at the time and place fixed therefor, and such
sale may, without further notice, be made at the time and place to which it was so adjourned.

     (b) All cash proceeds received by either Administrative Agent in respect of any sale of,
collection from, or other realization upon all or any part of the Collateral may, in the discretion
of such Administrative Agent, be held by such Administrative Agent as collateral for, and/or then
or at any time thereafter applied (after payment of any amounts payable to the Administrative
Agents pursuant to Section 20) in whole or in part by either Administrative Agent for the ratable
benefit of the Lenders against, all or any part of the Secured Obligations in such order as the
Administrative Agents shall elect. Any surplus of such cash or cash proceeds held by either
Administrative Agent and remaining after payment in full of all the Secured Obligations shall be
promptly paid over to the Parent or to whomsoever may be lawfully entitled to receive such surplus.

     (c) The Administrative Agents may exercise any and all rights and remedies of any Grantor in
respect of the Collateral.

16

 

     (d) Either Administrative Agent may, without notice to any Grantor except as required by law
and at any time or from time to time, charge, set-off and otherwise apply all or any part of the
Secured Obligations against the L/C Cash Collateral Account or any part thereof.

     Section 20. Taxes.

     (a) Each Grantor shall pay (i) all Taxes, assessments and other charges of governmental
authorities imposed upon any of the Collateral before any material penalty or interest accrues
thereon, and (ii) all claims (including, without limitation, claims for labor, services, materials
and supplies) for sums materially adversely affecting the Collateral, which have become due and
payable and which by law have or may become a Lien (other than a Permitted Lien) upon any of the
Collateral prior to the time when any material penalty or fine shall be incurred with respect
thereto, provided, that no such taxes, assessments and charges of governmental authorities
referred to in clause (i) above or claims referred to in clause (ii) above need to be paid if being
contested in good faith by appropriate proceedings promptly instituted and diligently conducted and
enforcement thereof is stayed and if a reserve or other appropriate provision required in
conformity with GAAP shall have been made therefor and if, at the request of either Administrative
Agent, it posts a bond or other form of indemnity satisfactory to such Administrative Agent in the
amount of such contested taxes, assessments and charges plus any applicable interest and penalties.

     Section 21. Security Interest Absolute. The obligations of each Grantor under this
Agreement are independent of the Secured Obligations, and a separate action or actions may be
brought and prosecuted against each Grantor to enforce this Agreement, irrespective of whether any
action is brought against the Parent or whether the Parent is joined in any such action or actions.
All rights of the Administrative Agents and the pledge and security interest hereunder, and all
obligations of each Grantor hereunder, shall, to the fullest extent permitted by law, be absolute
and unconditional, irrespective of:

     (a) any lack of validity or enforceability of any other Loan Document or any other agreement
or instrument relating thereto;

     (b) any change in the time, manner or place of payment of, or in any other term of, all or any
of the Secured Obligations or any other amendment or waiver of or any consent to any departure from
any Loan Document, including, without limitation, any increase in the Secured Obligations resulting
from the extension of additional credit to the Parent or any of its Subsidiaries or otherwise;

     (c) any taking, exchange, release or non-perfection of any other collateral, or any taking,
release or amendment or waiver of or consent to departure from any guaranty, for all or any of the
Secured Obligations;

     (d) any manner of application of collateral, or proceeds thereof, to all or any of the Secured
Obligations, or any manner of sale or other disposition of any collateral for all or any of the
Secured Obligations or any other assets of the Parent or any of its Subsidiaries;

     (e) any change, restructuring or termination of the corporate structure or existence of the
Parent or any of its Subsidiaries; or

17

 

     (f) any other circumstance that might otherwise constitute a defense available to, or a
discharge of, such Grantor or a third party grantor of a security interest.

     Section 22. Amendments: Waivers; Etc. No amendment or waiver of any provision of
this Agreement, and no consent to any departure by any Grantor herefrom, shall in any event be
effective unless the same shall be in writing and signed by each Administrative Agent and each
Grantor, and then such waiver or consent shall be effective only in the specific instance and for
the specific purpose for which given; provided, however, that any amendment to this
Agreement that is in substantially the same form as Exhibit A hereto shall be effective when signed
by only the Administrative Agents and the Additional Grantor (as defined therein). No failure on
the part of either Administrative Agent to exercise, and no delay in exercising any right
hereunder, shall operate as a waiver thereof, nor shall any single or partial exercise of any such
right preclude any other or further exercise thereof or the exercise of any other right.

     Section 23. Addresses for Notices. All notices and other communications provided to
either Administrative Agent at its address or facsimile number set forth in the Credit Agreement
and to any Grantor shall be in writing or by facsimile and addressed, delivered or transmitted to
such party at its address or facsimile number set forth on Schedule V hereto or at such other
address or facsimile number as may be designated by such party in a notice to the other parties.
Any notice, if mailed and properly addressed with postage prepaid or if properly addressed and sent
by pre-paid courier service, shall be deemed given when received; any notice, if transmitted by
facsimile, shall be deemed given when transmitted.

     Section 24. Continuing Security Interest; Assignments under the Credit Agreement.
This Agreement shall create a continuing security interest in the Collateral and shall (a) remain
in full force and effect until all Commitments have terminated, all Letters of Credit have expired
or been cash-collateralized, the Loans have been repaid in full and all other amounts then due and
payable under the Loan Documents have been paid in full, (b) be binding upon each Grantor, its
successors and assigns and (c) inure, together with the rights and remedies of the Administrative
Agents hereunder, to the benefit of the Secured Parties and their respective permitted successors,
transferees and assigns. Without limiting the generality of the foregoing clause (c), any Lender
may assign or otherwise transfer all or any portion of its rights and obligations under the Credit
Agreement (including, without limitations all or any portion of its Commitment, the Loans owing to
it and the Notes, if any, held by it) to any other Person, and such other Person shall thereupon
become vested with all the benefits in respect thereof granted to such Lender herein or otherwise,
in each case as provided in Section 9.04 of the Credit Agreement.

     Section 25. Termination; Release. (a) When all Commitments have terminated, all
Letters of Credit have expired or been cash-collateralized, the Loans have been repaid in full and
all other amounts then due and payable under the Loan Documents have been paid in full, the
security interest granted hereby shall automatically terminate and all rights to the Collateral as
shall not have been sold or otherwise applied pursuant to the terms hereof shall revert to the
applicable Grantor. At any time before the Liens granted hereunder by the Parent terminate, either
Administrative Agent may, at the written request of the Parent, i)
release any Collateral (but not all or substantially all the Collateral) with the prior written consent of the
Required Lenders or ii) release all or substantially all the Collateral with the prior written
consent of all the Lenders. Upon the termination of any such security interest, or upon either
Administrative

18

 

Agent’s release of any of the Collateral, each Administrative Agent shall promptly
return to the applicable Grantor, at such Grantor’s expense, such of the Collateral (and, in the
case of a release, such of the released Collateral) held by such Administrative Agent as shall not
have been sold or otherwise applied pursuant to the terms hereof. Each Administrative Agent will,
at such Grantor’s expense, execute and deliver to the applicable Administrative Agent such other
documents as any Grantor shall reasonably request to evidence such termination or release, as the
case may be.

     (b) Upon any sale or other transfer by any Grantor of any Collateral that is permitted under
the Credit Agreement to any Person that is not a Grantor, the security interest granted hereby in
such Collateral shall be automatically released.

     Section 26. Governing Law; Terms.

     (a) This Agreement shall be governed by and construed in accordance with the laws of the State
of New York, except as otherwise required by mandatory provisions of law and except to the extent
that the validity or perfection of the security interest hereunder, or remedies hereunder, in
respect of any particular Collateral are governed by the laws of a jurisdiction other than the
State of New York.

     (b) Each Grantor hereby irrevocably and unconditionally submits, for itself and its property,
to the nonexclusive jurisdiction of the Supreme Court of the State of New York sitting in New York
County and, to the extent permitted by law, of the United States District Court of the Southern
District of New York, and any appellate court from any thereof, in any action or proceeding arising
out of or relating to this Agreement, or for recognition or enforcement of any judgment, and each
of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of
any such action or proceeding may be heard and determined in such New York State or, to the extent
permitted by law, in such federal court. Each of the parties hereto agrees that, to the extent
permitted by law, a final judgment in any such action or proceeding shall be conclusive and may be
enforced in other jurisdictions by suit on the judgment or in any other manner provided by law.
Nothing in this Agreement shall affect any right that any Administrative Agent, the Issuing Bank or
any Lender may otherwise have to bring any action or proceeding relating to this Agreement against
any Grantor or its properties in the courts of any jurisdiction.

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

     (d) Each party to this Agreement irrevocably consents to service of process in the manner
provided for notices in Section 23. Nothing in this Agreement will affect the right of any party
to this Agreement to serve process in any other manner permitted by law.

19

 

     Section 27. Severability of Provisions. Any provision of this Agreement which is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to
the extent of such prohibition or unenforceability without invalidating the remaining provisions
hereof or affecting the validity or enforceability of such provision in any other jurisdiction.

     Section 28. Counterparts. This Agreement may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and all of which taken together shall constitute one and
the same agreement. Delivery of an executed counterpart of a signature page to this Agreement by
telecopier shall be effective as delivery of a manually executed counterpart of this
Agreement.

     Section 29. WAIVER OF JURY TRIAL. EACH OF THE GRANTORS, EACH ADMINISTRATIVE AGENT
AND THE LENDERS IRREVOCABLY WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR
COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS
AGREEMENT, OR THE ACTIONS OF THE AGENT OR ANY LENDER IN THE NEGOTIATION, ADMINISTRATION,
PERFORMANCE OR ENFORCEMENT THEREOF.

20

 

IN WITNESS WHEREOF, each Grantor has caused this Agreement to be duly executed and delivered
by its officer thereunto duly authorized as of the date first above written.

	 	 	 	 	 
	 	MIRION TECHNOLOGIES, INC., a Delaware corporation

 	 
	 	By:  	 	 
	 	Title: 	 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	DOSIMETRY ACQUISITIONS (U.S.), LLC, a Delaware

limited liability company

 	 
	 	By:  	 	 
	 	Title: 	 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	MIRION TECHNOLOGIES (GDS), INC., a
Delaware corporation
 	 
	 	By:  	 	 
	 	Title: 	 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	IST ACQUISITIONS, LLC, a Delaware
limited liability company

 	 
	 	By:  	 	 
	 	Title: 	 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	MIRION TECHNOLOGIES
(IST) CORPORATION, a New York corporation

 	 
	 	By:  	 	 
	 	Title: 	 	 
	 	 	 	 

21

 

	 	 	 	 	 

	 	 	 	 	 
	 	MIRION TECHNOLOGIES (CONAX NUCLEAR), INC., a New York corporation

 	 
	 	By:  	 	 
	 	Title: 	 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	MIRION TECHNOLOGIES (MGPI), INC., a Delaware corporation

 	 
	 	By:  	 	 
	 	Title: 	 	 
	 	 	 	 

22

 

	 	 	 	 	 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION,
as Domestic Administrative Agent

 	 
	 	By:  	 	 
	 	Title: 	 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	J.P. MORGAN EUROPE LIMITED, as French Administrative Agent

 	 
	 	By:  	 	 
	 	Title: 	 	 
	 	 	 	 
	 

23

 

EXHIBIT A

AMENDMENT NO. __ TO SECURITY AGREEMENT

     This Amendment No. ___to Security Agreement (this “Amendment”), dated as of
___, 20___, relates to the Domestic Pledge and Security Agreement dated as of [               ], 2010 (as
amended to date, the “Agreement”) executed by Mirion Technologies, Inc. (the
“Parent”) and the Domestic Subsidiaries of the Parent parties thereto as Subsidiary
Grantors (collectively, the “Grantors”) in favor of JPMorgan Chase Bank, NATIONAL
ASSOCIATION, as Domestic Administrative Agent (the “Domestic Administrative Agent”), and
J.P Morgan Europe Limited, as French Administrative Agent (the “French Administrative
Agent”, and together with the Domestic Administrative Agent, the “Administrative
Agents”), each for the Lenders (the “Lenders”).

     In compliance with Section 5.09 of the Credit Agreement, dated as of [               ], 2010 (as amended,
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”),
among the Domestic Administrative Agent, the French Administrative Agent, the Parent, the French
Borrowers and the Lenders (capitalized terms used but not otherwise defined herein shall have the
meanings ascribed to them in the Agreement):

     1. Amendment. The Agreement is hereby amended to add as a party, and more
specifically, as a Subsidiary Grantor, thereunder, the Additional Grantor.

     2. Representations and Warranties. The Additional Grantor represents and warrants to
the Administrative Agent and the Lenders that each of the representations and warranties of a
Subsidiary Grantor contained in the Agreement (a) is hereby made by the Additional Grantor as of
the date hereof except to the extent such representations and warranties relate to an earlier date,
and (b) is true and correct as to the Additional Grantor as of the date hereof except to the extent
such representations and warranties relate to an earlier date. Attached hereto are all appropriate
Schedules to the Agreement reflecting information relating to the Additional Grantor.

     3. Grant of Security Interest. The Additional Grantor, to secure the complete and
timely payment, observance and performance of all of its obligations at any time arising under or
in connection with the Guaranties, the Agreement and each other Loan Document to which it is a
party, hereby assigns and pledges to each Administrative Agent, and hereby grants to each
Administrative Agent for its benefit and the benefit of the Lenders, a first priority security
interest and lien under the Agreement, in all of the Additional Grantor’s right, title and interest
in and to the Collateral (as defined in the Agreement), subject to Permitted Liens, whether now
owned or existing or hereafter arising or acquired and wheresoever located together in each
instance, with all accessions and additions thereto, substitutions therefor, and replacements,
proceeds and products thereof.

     4. Assumption of Rights, Obligations and Liabilities. The Additional Grantor assumes
all of the rights, obligations and liabilities of a Grantor under the Agreement and agrees to be
bound thereby as if the Additional Grantor were an original party to the Agreement.

A-1

 

     5. Effectiveness. This Amendment shall become effective on the date hereof upon the
execution hereof by the Additional Grantor and each Administrative Agent and delivery hereof to the
Domestic Administrative Agent.

     6. Governing Law. This Amendment shall be governed by, and construed in accordance
with, the laws of the State of New York, without regard to principles of conflicts of laws.

	 	 	 	 	 
	 	 	 
	 	By:  	
 	 
	 	Title: 	 	 

	 	Notice Address: 	 

	 	Attention: 	 

	 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, NATIONAL
ASSOCIATION, as Domestic Administrative Agent

 	 
	 	By:  	 	 
	 	Title: 	 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	J.P. MORGAN EUROPE LIMITED, as
French Administrative Agent

 	 
	 	By:  	 	 
	 	Title: 	 	 
	 	 	 	 
	 

A-2

 

Exhibit B-1

FORM OF PATENT SECURITY AGREEMENT

     This PATENT SECURITY AGREEMENT, dated as of [___], 2010 (this “Agreement”), is
made by [NAME OF GRANTOR], a ___(the “Grantor”), in favor of JPMORGAN CHASE
BANK, NATIONAL ASSOCIATION, as the Domestic Administrative Agent (together with its successor(s)
thereto in such capacity, the “Administrative Agent”) for each of the Secured Parties.

W I T N E S S E T H:

     WHEREAS, pursuant to a Credit Agreement, dated as of [___], 2010 (as amended,
supplemented, amended and restated or otherwise modified from time to time, the “Credit
Agreement”), among Mirion Technologies, Inc., as the Parent, Mirion Technologies (Synodys) SA
and Mirion Technologies (IST France) SAS, as the French Borrowers, the Lenders party thereto, J.P.
Morgan Europe Limited, as the French Administrative Agent, the Administrative Agent, the Lenders
have extended Commitments to make Loans to the Borrower;

     WHEREAS, in connection with the Credit Agreement, the Grantor has executed and delivered a
Domestic Pledge and Security Agreement, dated as of [___], 2010 (as amended, supplemented,
amended and restated or otherwise modified from time to time, the “Security Agreement”);

     WHEREAS, pursuant to the Credit Agreement and pursuant to Section 11(g) of the Security
Agreement, the Grantor is required to execute and deliver this Agreement and to grant to the
Administrative Agent a continuing security interest in all of the Patent Collateral (as defined
below) to secure all Obligations; and

     WHEREAS, the Grantor has duly authorized the execution, delivery and performance of this
Agreement; and

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Grantor agrees, for the benefit of each Secured Party, as follows:

     SECTION 1. Definitions. Unless otherwise defined herein or the context otherwise
requires, terms used in this Agreement, including its preamble and recitals, have the meanings
provided in the Security Agreement.

     SECTION 2. Grant of Security Interest. The Grantor hereby grants to the
Administrative Agent, for its benefit and the ratable benefit of each other Secured Party, a
continuing security interest in all of the Grantor’s right, title and interest throughout the
world, whether now or hereafter existing or acquired by the Grantor, in and to the following (the
“Patent Collateral”):

     (a) all patents and patent applications, and the inventions and improvements described
and claimed therein, and patentable inventions and the reissues, divisions, continuations,
renewals, extensions and continuations-in-part of any of the foregoing and any written
agreement granting to such Grantor any right to use any invention on which a

 

subsisting
patent exists (collectively referred to as “Patents”), including those Patents
referred to in Item A of Schedule I;

     (b) all of its patent licenses, and other agreements providing the Grantor with the
right to use any items of the type referred to in clauses (a) and (b) above
(each, a “Patent License”), including each patent license referred to in Item
B of Schedule I attached hereto, with the exception of those licenses or other
agreements that the grant of the security interest therein would (A) constitute a violation
of a valid and enforceable restriction in favor of a third party on such grant, unless and
until any required consents shall have been obtained, or (B) give any other party to such
license or other agreement the right to terminate its obligations thereunder; and

     (e) all proceeds of, and rights associated with, the foregoing (including royalties,
income, payments, claims, damages and proceeds of infringement suits).

     SECTION 3. Security Agreement. This Agreement has been executed and delivered by the
Grantor for the purpose of registering the security interest of the Administrative Agent in the
Patent Collateral with the United States Patent and Trademark Office and corresponding offices in
other countries of the world. The security interest granted hereby has been granted as a
supplement to, and not in limitation of, the security interest granted to the Administrative Agent
for its benefit and the ratable benefit of each other Secured Party under the Security Agreement.
The Security Agreement (and all rights and remedies of the Administrative Agent and each Secured
Party thereunder) shall remain in full force and effect in accordance with its terms.

     SECTION 4. Release of Liens; Termination of Agreement. Upon (a) the disposition of
Patent Collateral in accordance with the Credit Agreement or (b) the occurrence of the date (the
“Termination Date”) on which all Commitments have terminated, all Letters of Credit have
expired or been cash-collateralized, the Loans have been repaid in full and all other amounts then
due and payable have been paid in full, the security interests granted herein shall automatically
terminate with respect to (i) such Patent Collateral (in the case of clause (a)) or (ii)
all Patent Collateral (in the case of clause (b)) , without delivery of any instrument or
performance of any act by any party. Upon the occurrence of the Termination Date, this Agreement
and all obligations of each Grantor hereunder shall automatically terminate without delivery of any
instrument or performance of any act by any party. A Grantor shall automatically be released from
its obligations hereunder upon the consummation of any transaction permitted by the Credit
Agreement as a result of which such Grantor ceases to be a Subsidiary. Upon any such disposition
or termination, the Administrative Agent will, at the Grantor’s sole expense, release without any
representations, warranties or recourse of any kind whatsoever, all Patent Collateral held by the
Administrative Agent hereunder, and execute and deliver to the Grantor such documents as the
Grantor shall reasonably request to evidence such termination.

     SECTION 5. Acknowledgment. The Grantor does hereby further acknowledge and affirm
that the rights and remedies of the Administrative Agent with respect to the security interest in
the Patent Collateral granted hereby are more fully set forth in the Security Agreement, the terms
and provisions of which (including the remedies provided for therein) are incorporated by reference
herein as if fully set forth herein.

 

     SECTION 6. Loan Document. This Agreement is a Loan Document executed pursuant to the
Credit Agreement and shall (unless otherwise expressly indicated herein) be construed, administered
and applied in accordance with the terms and provisions thereof, including Article IX thereof.

     SECTION 7. Counterparts. This Agreement may be executed by the parties hereto in
several counterparts, each of which shall be deemed to be an original and all of which shall
constitute together but one and the same agreement. Delivery of an executed counterpart of a
signature page to this Agreement by facsimile or via other electronic means shall be effective as
delivery of a manually executed counterpart of this Agreement.

     SECTION 8. Governing Law, Entire Agreement, etc. THIS AGREEMENT SHALL BE DEEMED TO
BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING FOR
SUCH PURPOSE SECTIONS 5 1401 AND 5 1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK).
This Agreement and the other Loan Documents constitute the entire understanding among the parties
hereto with respect to the subject matter hereof and thereof and supersede any prior agreements,
written or oral, with respect thereto.

* * * * *

 

     IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be duly executed
and delivered by its Authorized Officer as of the date first above written.

	 	 	 	 	 
	 	[NAME OF GRANTOR]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION,
as Domestic Administrative Agent

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

SCHEDULE I

to Patent Security Agreement

Item A. Patents

Registered Patents

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Country	 	 	Patent	 	 	Registration No.	 	 	Registration Date	 

Pending Trademark Applications

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Country	 	 	Patent	 	 	Serial No.	 	 	Filing Date	 

Patent Applications in Preparation

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	Expected	 	 	Products/	 
	Country	 	 	Patent	 	 	Docket No.	 	 	Filing Date	 	 	Services	 

Item B. Patent Licenses

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Country or	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Effective	 	 	Expiration	 
	Territory	 	 	Patent	 	 	Licensor	 	 	Licensee	 	 	Date	 	 	Date	 

 

Exhibit B-2

FORM OF TRADEMARK SECURITY AGREEMENT

     This TRADEMARK SECURITY AGREEMENT, dated as of [___], 2010 (this “Agreement”),
is made by [NAME OF GRANTOR], a ___(the “Grantor”), in favor of JPMORGAN
CHASE BANK, NATIONAL ASSOCIATION, as the Domestic Administrative Agent (together with its
successor(s) thereto in such capacity, the “Administrative Agent”) for each of the Secured
Parties.

W I T N E S S E T H:

     WHEREAS, pursuant to a Credit Agreement, dated as of [___], 2010 (as amended,
supplemented, amended and restated or otherwise modified from time to time, the “Credit
Agreement”), among Mirion Technologies, Inc., as the Parent, Mirion Technologies (Synodys) SA
and Mirion Technologies (IST France) SAS, as the French Borrowers, the Lenders party thereto, J.P.
Morgan Europe Limited, as the French Administrative Agent, the Administrative Agent, the Lenders
have extended Commitments to make Loans to the Borrower;

     WHEREAS, in connection with the Credit Agreement, the Grantor has executed and delivered a
Domestic Pledge and Security Agreement, dated as of [___], 2010 (as amended, supplemented,
amended and restated or otherwise modified from time to time, the “Security Agreement”);

     WHEREAS, pursuant to the Credit Agreement and pursuant to Section 11(e) of the Security
Agreement, the Grantor is required to execute and deliver this Agreement and to grant to the
Administrative Agent a continuing security interest in all of the Trademark Collateral (as defined
below) to secure all Obligations; and

     WHEREAS, the Grantor has duly authorized the execution, delivery and performance of this
Agreement; and

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Grantor agrees, for the benefit of each Secured Party, as follows:

     SECTION 1. Definitions. Unless otherwise defined herein or the context otherwise
requires, terms used in this Agreement, including its preamble and recitals, have the meanings
provided in the Security Agreement.

     SECTION 2. Grant of Security Interest. The Grantor hereby grants to the
Administrative Agent, for its benefit and the ratable benefit of each other Secured Party, a
continuing security interest in all of the Grantor’s right, title and interest throughout the
world, whether now or hereafter existing or acquired by the Grantor, in and to the following (the
“Trademark Collateral”):

     (a) all trademarks and service marks, trade name, corporate names, company names,
business names, fictitious business names, trade styles, service marks, logos, and any other
designs or sources of business identifiers, indicia of origin or similar devices, all
registrations with respect thereto, all applications with respect to the foregoing, and all

 

 

extensions and renewals with respect to any of the foregoing, together with all of the
goodwill associated with any and all of the foregoing, throughout the world, in each
case whether now or hereafter existing, together with all rights and interests associated
with the foregoing, including, without limitation, license royalties, claims or rights
against third parties for any past, present or future infringement of any trademark or
similar device or registration thereof, or for any injury to the goodwill associated
therewith, and all corresponding rights throughout the world (collectively referred to as
“Trademarks”), including those Trademarks referred to in Item A of
Schedule I;

     (b) all Trademark licenses and other agreements for the grant by or to such Grantor of
any right to use any Trademark (each a “Trademark License”), including each
Trademark License referred to in Item B of Schedule I;

     (c) all of the goodwill of the business connected with the use of, and symbolized by
the Trademarks described in clause (a) and, to the extent applicable, clause
(b);

     (d) the right to sue third parties for past, present and future infringements or
dilution of the Trademarks described in clause (a) and, to the extent applicable,
clause (b) or for any injury to the goodwill associated with the use of any such
Trademark or for breach or enforcement of any Trademark License; and

     (e) all proceeds of, and rights associated with, the foregoing (including royalties,
income, payments, claims, damages and proceeds of infringement suits).

     SECTION 3. Security Agreement. This Agreement has been executed and delivered by the
Grantor for the purpose of registering the security interest of the Administrative Agent in the
Trademark Collateral with the United States Patent and Trademark Office and corresponding offices
in other countries of the world. The security interest granted hereby has been granted as a
supplement to, and not in limitation of, the security interest granted to the Administrative Agent
for its benefit and the ratable benefit of each other Secured Party under the Security Agreement.
The Security Agreement (and all rights and remedies of the Administrative Agent and each Secured
Party thereunder) shall remain in full force and effect in accordance with its terms.

     SECTION 4. Release of Liens; Termination of Agreement. Upon (a) the disposition of
Trademark Collateral in accordance with the Credit Agreement or (b) the occurrence of the date (the
“Termination Date”) on which all Commitments have terminated, all Letters of Credit have
expired or been cash-collateralized, the Loans have been repaid in full and all other amounts then
due and payable have been paid in full, the security interests granted herein shall automatically
terminate with respect to (i) such Trademark Collateral (in the case of clause (a)) or (ii)
all Trademark Collateral (in the case of clause (b)) , without delivery of any instrument
or performance of any act by any party. Upon the occurrence of the Termination Date, this
Agreement and all obligations of each Grantor hereunder shall automatically terminate without
delivery of any instrument or performance of any act by any party. A Grantor shall automatically
be released from its obligations hereunder upon the consummation of any transaction permitted by
the Credit Agreement as a result of which such Grantor ceases to be a Subsidiary. Upon any such
disposition or termination, the Administrative Agent will, at the

 

 

Grantor’s sole expense, release without any representations, warranties or recourse of any kind whatsoever, all Trademark
Collateral held by the Administrative Agent hereunder, and execute and deliver to the Grantor such documents as the Grantor shall reasonably request to evidence
such termination.

     SECTION 5. Acknowledgment. The Grantor does hereby further acknowledge and affirm
that the rights and remedies of the Administrative Agent with respect to the security interest in
the Trademark Collateral granted hereby are more fully set forth in the Security Agreement, the
terms and provisions of which (including the remedies provided for therein) are incorporated by
reference herein as if fully set forth herein.

     SECTION 6. Loan Document. This Agreement is a Loan Document executed pursuant to the
Credit Agreement and shall (unless otherwise expressly indicated herein) be construed, administered
and applied in accordance with the terms and provisions thereof, including Article IX thereof.

     SECTION 7. Counterparts. This Agreement may be executed by the parties hereto in
several counterparts, each of which shall be deemed to be an original and all of which shall
constitute together but one and the same agreement. Delivery of an executed counterpart of a
signature page to this Agreement by facsimile or via other electronic means shall be effective as
delivery of a manually executed counterpart of this Agreement.

     SECTION 8. Governing Law, Entire Agreement, etc. THIS AGREEMENT SHALL BE DEEMED TO
BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING FOR
SUCH PURPOSE SECTIONS 5 1401 AND 5 1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK).
This Agreement and the other Loan Documents constitute the entire understanding among the parties
hereto with respect to the subject matter hereof and thereof and supersede any prior agreements,
written or oral, with respect thereto.

* * * * *

 

 

     IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be duly executed
and delivered by its Authorized Officer as of the date first above written.

	 	 	 	 	 
	 	[NAME OF GRANTOR]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION,
as Domestic Administrative Agent

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

SCHEDULE I

to Trademark Security Agreement

Item A. Trademarks

Registered Trademarks

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Country	 	 	Trademark	 	 	Registration No.	 	 	Registration Date	 

Pending Trademark Applications

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Country	 	 	Trademark	 	 	Serial No.	 	 	Filing Date	 

Trademark Applications in Preparation

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	Expected	 	 	Products/	 
	Country	 	 	Trademark	 	 	Docket No.	 	 	Filing Date	 	 	Services	 

Item B. Trademark Licenses

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Country or	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Effective	 	 	Expiration	 
	Territory	 	 	Trademark	 	 	Licensor	 	 	Licensee	 	 	Date	 	 	Date	 

 

Exhibit B-3

FORM OF COPYRIGHT SECURITY AGREEMENT

     This COPYRIGHT SECURITY AGREEMENT, dated as of [___], 2010 (this “Agreement”),
is made by [NAME OF GRANTOR], a ___(the “Grantor”), in favor of JPMORGAN
CHASE BANK, NATIONAL ASSOCIATION, as the Domestic Administrative Agent (together with its
successor(s) thereto in such capacity, the “Administrative Agent”) for each of the Secured
Parties.

W I T N E S S E T H:

     WHEREAS, pursuant to a Credit Agreement, dated as of [___], 2010 (as amended,
supplemented, amended and restated or otherwise modified from time to time, the “Credit
Agreement”), among Mirion Technologies, Inc., as the Parent, Mirion Technologies (Synodys) SA
and Mirion Technologies (IST France) SAS, as the French Borrowers, the Lenders party thereto, J.P.
Morgan Europe Limited, as the French Administrative Agent, the Administrative Agent, the Lenders
have extended Commitments to make Loans to the Borrower;

     WHEREAS, in connection with the Credit Agreement, the Grantor has executed and delivered a
Domestic Pledge and Security Agreement, dated as of [___], 2010 (as amended, supplemented,
amended and restated or otherwise modified from time to time, the “Security Agreement”);

     WHEREAS, pursuant to the Credit Agreement and pursuant to Section 11(f) of the Security
Agreement, the Grantor is required to execute and deliver this Agreement and to grant to the
Administrative Agent a continuing security interest in all of the Copyright Collateral (as defined
below) to secure all Obligations; and

     WHEREAS, the Grantor has duly authorized the execution, delivery and performance of this
Agreement; and

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Grantor agrees, for the benefit of each Secured Party, as follows:

     SECTION 1. Definitions. Unless otherwise defined herein or the context otherwise
requires, terms used in this Agreement, including its preamble and recitals, have the meanings
provided in the Security Agreement.

     SECTION 2. Grant of Security Interest. The Grantor hereby grants to the
Administrative Agent, for its benefit and the ratable benefit of each other Secured Party, a
continuing security interest in all of the Grantor’s right, title and interest throughout the
world, whether now or hereafter existing or acquired by the Grantor, in and to the following (the
“Copyright Collateral”):

     (a) all copyrights and all copyrights of works based on, incorporated in, derived from
or relating to works covered by any such copyrights, and all right, title and interest to
make and exploit all derivative works based on or adopted from works covered by any such
copyrights, all registrations with respect thereto, all applications with respect

 

 

to the foregoing, and all extensions and renewals with respect to any of the foregoing, in each case whether now or hereafter existing, together with all rights associated with
the foregoing, including, without limitation, license royalties, rights to print, publish
and distribute, rights to unpublished works, claims or rights against third parties for any
past, present or future infringement of any copyright or registration thereof, and all
corresponding rights throughout the world and renewals of the foregoing
(“Copyrights”), including the Copyrights which are the subject of a registration or
application referred to in Item A of Schedule I;

     (b) all express or implied Copyright licenses and other agreements for the grant by or
to such Grantor of any right to use any items of the type referred to in clause (a) above
(each a “Copyright License”), including each Copyright License referred to in
Item B of Schedule I;

     (c) the right to sue for past, present and future infringements of any of the
Copyrights owned by such Grantor, and for breach or enforcement of any Copyright License and
all extensions and renewals of any thereof; and

     (d) all proceeds of, and rights associated with, the foregoing (including royalties,
income, payments, claims, damages and proceeds of infringement suits).

     SECTION 3. Security Agreement. This Agreement has been executed and delivered by the
Grantor for the purpose of registering the security interest of the Administrative Agent in the
Copyright Collateral with the United States Copyright Office and corresponding offices in other
countries of the world. The security interest granted hereby has been granted as a supplement to,
and not in limitation of, the security interest granted to the Administrative Agent for its benefit
and the ratable benefit of each other Secured Party under the Security Agreement. The Security
Agreement (and all rights and remedies of the Administrative Agent and each Secured Party
thereunder) shall remain in full force and effect in accordance with its terms.

     SECTION 4. Release of Liens; Termination of Agreement. Upon (a) the disposition of
Copyright Collateral in accordance with the Credit Agreement or (b) the occurrence of the date (the
“Termination Date”) on which all Commitments have terminated, all Letters of Credit have
expired or been cash-collateralized, the Loans have been repaid in full and all other amounts then
due and payable have been paid in full, the security interests granted herein shall automatically
terminate with respect to (i) such Copyright Collateral (in the case of clause (a)) or (ii)
all Copyright Collateral (in the case of clause (b)) , without delivery of any instrument
or performance of any act by any party. Upon the occurrence of the Termination Date, this
Agreement and all obligations of each Grantor hereunder shall automatically terminate without
delivery of any instrument or performance of any act by any party. A Grantor shall automatically
be released from its obligations hereunder upon the consummation of any transaction permitted by
the Credit Agreement as a result of which such Grantor ceases to be a Subsidiary. Upon any such
disposition or termination, the Administrative Agent will, at the Grantor’s sole expense, release
without any representations, warranties or recourse of any kind whatsoever, all Copyright
Collateral held by the Administrative Agent hereunder, and execute and deliver to the Grantor such
documents as the Grantor shall reasonably request to evidence such termination.

 

 

     SECTION 5. Acknowledgment. The Grantor does hereby further acknowledge and affirm
that the rights and remedies of the Administrative Agent with respect to the security interest in
the Copyright Collateral granted hereby are more fully set forth in the Security Agreement, the
terms and provisions of which (including the remedies provided for therein) are incorporated by
reference herein as if fully set forth herein.

     SECTION 6. Loan Document. This Agreement is a Loan Document executed pursuant to the
Credit Agreement and shall (unless otherwise expressly indicated herein) be construed, administered
and applied in accordance with the terms and provisions thereof, including Article IX thereof.

     SECTION 7. Counterparts. This Agreement may be executed by the parties hereto in
several counterparts, each of which shall be deemed to be an original and all of which shall
constitute together but one and the same agreement. Delivery of an executed counterpart of a
signature page to this Agreement by facsimile or via other electronic means shall be effective as
delivery of a manually executed counterpart of this Agreement.

     SECTION 8. Governing Law, Entire Agreement, etc. THIS AGREEMENT SHALL BE DEEMED TO
BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING FOR
SUCH PURPOSE SECTIONS 5 1401 AND 5 1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK).
This Agreement and the other Loan Documents constitute the entire understanding among the parties
hereto with respect to the subject matter hereof and thereof and supersede any prior agreements,
written or oral, with respect thereto.

* * * * *

 

 

     IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be duly executed
and delivered by its Authorized Officer as of the date first above written.

	 	 	 	 	 
	 	[NAME OF GRANTOR]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION,
as Domestic Administrative Agent

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

SCHEDULE I

to Copyright Security Agreement

Item A. Copyrights/Mask Works

Registered Copyrights/Mask Works

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Country	 	 	Registration No.	 	 	Registration Date	 	 	Author(s)	 	 	Title	 

Copyright/Mask Work Pending Registration Applications

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Country	 	 	Serial No.	 	 	Filing Date	 	 	Author(s)	 	 	Title	 

Copyright/Mask Work Registration Applications in Preparation

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Expected	 	 	 	 	 	 	 
	Country	 	 	Docket No.	 	 	Filing Date	 	 	Author(s)	 	 	Title	 

Item B. Copyright/Mask Work Licenses (including an indication of exclusive Licenses for U.S.
registered Copyrights)

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	                     	 	 
	Country or	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Effective	 	 	Expiration	 
	Territory	 	 	 	Copyright	 	 	Licensor	 	 	Licensee	 	 	Date	 	 	Date	 

 

Schedule I

Pledged Debt and Pledged Investment Property

 

 

Schedule II

Chief Business Office;

Jurisdiction of Organization;

and Tax Identification Number

 

 

Schedule III

Corporate or Fictitious Names

 

 

Schedule IV

Deposit Accounts

 

 

Schedule V

Intellectual Property

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00171-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00171-of-00352.parquet"}]]