Document:

f8k112213ex10i_pricedincorp.htm

Exhibit 10.1

 

November 22, 2013

Priced In Corp.

6110 Coxswain Crescent

Toronto, ON, Canada

Attention: Board of Directors

Re:           Resignation as Officer and Director

Dear Priced In Corp. Board of Directors:

This letter is to notify you that I am resigning as Vice President of Priced In Corp. (the “Company”) and as a member of the Company’s Board of Directors. My resignation will take effect as of the date hereof.

My resignation is not the result of any disagreement with the Company on any matter relating to its operation, policies (including accounting or financial policies) or practices.

I undertake that I do not have any claims against the Company upon my resignation.

 

	 	 	
Sincerely,

	 
	 	 	 	 
	
 

	
 

	 /s/ Sean Maguire	 
	 	 	Sean MaguireEX-10.9

Exhibit 10.9

FINANCING AGREEMENT

dated as of November 21, 2013

among

METALICO, INC. AND EACH SUBSIDIARY OF METALICO, INC.

LISTED AS A BORROWER ON THE SIGNATURE PAGES HERETO,

as Borrowers,

EACH SUBSIDIARY OF METALICO, INC. LISTED AS A GUARANTOR ON THE SIGNATURE PAGES HERETO,

as Guarantors,

VARIOUS LENDERS FROM TIME TO TIME PARTY HERETO,

and

TPG SPECIALTY LENDING, INC.,

as Agent and Lead Arranger

TABLE OF CONTENTS

Page

	 	 	 	 	 	 	 
	APPENDICES: A-1
	 	Term Lo
	 	an A Commitments

	 	 	 	A-2	 	 	Term Loan B Commitments

	 	 	 	A-3	 	 	Revolving Commitments

	 	 	 	B	 	 	Notice Addresses

	SCHEDULES:
	 	 	3.1	(g)	 	Closing Date Mortgaged Properties

	 	 	 	4.1	 	 	Jurisdictions of Organization and Qualification

	 	 	 	4.2	 	 	Capital Stock and Ownership

	 	 	 	4.12	 	 	Real Estate Assets

	 	 	 	4.13	 	 	Environmental Matters

	 	 	 	4.15	 	 	Material Contracts

	 	 	 	4.24	 	 	Intellectual Property

	 	 	 	4.25	 	 	Inventory and Equipment

	 	 	 	4.27	 	 	Insurance

	 	 	 	4.30	 	 	Bank Accounts and Securities Accounts

	 	 	 	4.35	 	 	Indebtedness

	 	 	 	5.16	 	 	Certain Post Closing Matters

	 	 	 	6.1	 	 	Certain Indebtedness

	 	 	 	6.2	 	 	Certain Liens

	 	 	 	6.6	 	 	Certain Loans and Advances to Employees

	 	 	 	6.7	 	 	Certain Investments

	 	 	 	6.12	 	 	Certain Affiliate Transactions

	EXHIBITS:
	 	 	A-1	 	 	Funding Notice

	 	 	 	A-2	 	 	Conversion/Continuation Notice

	 	 	 	C	 	 	Compliance Certificate

	 	 	 	D	 	 	Assignment Agreement

	 	 	 	E	 	 	Certificate Regarding Non-bank Status

	 	 	 	F-1	 	 	Closing Date Certificate

	 	 	 	F-2	 	 	Solvency Certificate

	 	 	 	G	 	 	Counterpart Agreement

	 	 	 	H	 	 	Pledge and Security Agreement

	 	 	 	I	 	 	Borrowing Base Certificate

FINANCING AGREEMENT

This FINANCING AGREEMENT, dated as of November 21, 2013, is entered into by and among
METALICO, INC., a Delaware corporation (“Company”), each subsidiary of the Company listed
as a “Borrower” on the signature pages hereto (together with the Company and each other Person (as
hereinafter defined) that executes a joinder agreement and becomes a “Borrower” hereunder, each a
"Borrower” and collectively, the “Borrowers”), each subsidiary of the Company
listed as a “Guarantor” on the signature pages hereto (together with each other Person that
executes a joinder agreement and becomes a “Guarantor” hereunder, each a “Guarantor” and
collectively, the “Guarantors”), the Lenders from time to time party hereto, TPG SPECIALTY
LENDING, INC., a Delaware corporation (“TSL”), as agent for the Lenders (in such capacity,
"Agent”) and Lead Arranger, and the Person party hereto from time to time as service agent
for the Lenders (in such capacity, “Service Agent”).

W I T N E S S E T H:

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

WHEREAS, Lenders have agreed to extend certain credit facilities to Borrowers, in an aggregate
principal amount not exceeding $125,000,000, consisting of (a) $37,000,000 aggregate principal
amount of Term Loan A, (b) $23,000,000 aggregate principal amount of Term Loan B, and (c) up to
$65,000,000 aggregate principal amount of Revolving Commitments, which will include a subfacility
for the issuance of letters of credit in an amount not to exceed $5,000,000, the proceeds of which
will be used as described in Section 2.5;

WHEREAS, each Borrower has agreed to secure all of its Obligations by granting to Agent, for
the benefit of Secured Parties, a First Priority Lien on the Collateral, including a pledge of all
of the Capital Stock of each of its Domestic Subsidiaries and 65% of all voting Capital Stock and
100% of all non-voting Capital Stock of each of its first-tier Foreign Subsidiaries; and

WHEREAS, Guarantors have agreed to guarantee the obligations of Borrowers hereunder and to
secure their respective Obligations by granting to Agent, for the benefit of Secured Parties, a
First Priority Lien on all of their Collateral, including a pledge of all of the Capital Stock of
each of their respective Domestic Subsidiaries and 65% of all voting Capital Stock and 100% of all
non-voting Capital Stock of each of their respective first-tier Foreign Subsidiaries.

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

ARTICLE I

DEFINITIONS AND INTERPRETATION

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

"Account Debtor” means each debtor, customer or obligor in any way obligated on or in
connection with any Account.

"Accounts” means all “accounts” (as defined in the UCC) of the Loan Parties (or, if
referring to another Person, of such Person), including, without limitation, accounts, accounts
receivable, monies due or to become due and obligations in any form (whether arising in connection
with contracts, contract rights, instruments, general intangibles, or chattel paper), in each case
whether arising out of goods sold or services rendered or from any other transaction and whether or
not earned by performance, now or hereafter in existence, and all documents of title or other
documents representing any of the foregoing, and all collateral security and guaranties of any
kind, now or hereafter in existence, given by any Person with respect to any of the foregoing.

"Adjusted LIBOR Rate” means for any Interest Rate Determination Date with respect to
an Interest Period for a LIBOR Rate Loan, the greater of (a) the interest rate per annum determined
by the Service Agent by dividing (the resulting quotient rounded upwards, if necessary, to the
nearest 1/100th of 1% per annum) (i) the rate which appears on the Bloomberg Page BBAM1 (or on such
other substitute Bloomberg page that displays rates at which US dollar deposits are offered by
leading banks in the London interbank deposit market), or the rate which is quoted by another
source selected by the Service Agent which has been approved by the British Bankers’ Association as
an authorized information vendor for the purpose of displaying rates at which US dollar deposits
are offered by leading banks in the London interbank deposit market (an “Alternate
Source”), at approximately 11:00 a.m. (London time) 2 Business Days prior to the commencement
of such Interest Period as the London interbank offered rate for U.S. Dollars for an amount
comparable to such Eurodollar Rate Loan and having a borrowing date and a maturity comparable to
such Interest Period (or if there shall at any time, for any reason, no longer exist a Bloomberg
Page BBAM1 (or any substitute page) or any Alternate Source, a comparable replacement rate
determined by the Service Agent at such time (which determination shall be conclusive absent
manifest error), by (ii) a number equal to 1.00 minus the Applicable Reserve Requirement, and
(b) 1.00% per annum. The Adjusted LIBOR Rate shall be adjusted with respect to any LIBOR Rate Loan
that is outstanding on the effective date of any change in the Applicable Reserve Requirement as of
such effective date. The Service Agent shall give prompt notice to the Administrative Borrower and
the Lenders of the Adjusted LIBOR Rate as determined or adjusted in accordance herewith, which
determination shall be conclusive absent manifest error.

"Administrative Borrower” has the meaning specified in Section 10.22.

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

"Affected Lender” has the meaning specified in Section 2.17(b).

"Affected Loans” has the meaning specified in Section 2.17(b).

"Affiliate” means, as applied to any Person, any other Person directly or indirectly
controlling (including any member of the senior management group of such Person), controlled by, or
under common control with, that Person. For the purposes of this definition, “control” (including,
with correlative meanings, the terms “controlling,” “controlled by” and “under common control
with”), as applied to any Person, means the possession, directly or indirectly, of the power (a) to
vote 10% or more of the Securities having ordinary voting power for the election of directors of
such Person, or (b) to direct or cause the direction of the management and policies of that Person,
whether through the ownership of voting securities or by contract or otherwise. Notwithstanding
anything herein to the contrary, in no event shall Agent, Service Agent or any Lender be considered
an “Affiliate” of any Loan Party.

"Agent” has the meaning specified in the preamble hereto.

"Aggregate Amounts Due” has the meaning specified in Section 2.16.

"Aggregate Payments” has the meaning specified in Section 7.2.

"Agreement” means this Financing Agreement and any annexes, exhibits and schedules
attached hereto as it may be amended, supplemented or otherwise modified from time to time.

"Alternate Source” has the meaning specified in the definition of Adjusted LIBOR Rate.

"Anti-Terrorism Laws” means any Requirement of Law relating to terrorism or money
laundering, including, without limitation, (a) the Money Laundering Control Act of 1986 (i.e., 18
U.S.C. §§ 1956 and 1957), (b) the Currency and Foreign Transactions Reporting Act (31 U.S.C. §§
5311-5330 and 12 U.S.C. §§ 1818(s), 1820(b) and 1951-1959) (the “Bank Secrecy Act”),
(c) the USA Patriot Act, (d) the laws, regulations and Executive Orders administered by the United
States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), (e) the
Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 and implementing
regulations by the United States Department of the Treasury, (f) any law prohibiting or directed
against terrorist activities or the financing of terrorist activities (e.g., 18 U.S.C. §§ 2339A and
2339B), or (g) any similar laws enacted in the United States or any other jurisdictions in which
the parties to this Agreement operate, as any of the foregoing laws may from time to time be
amended, renewed, extended, or replaced and all other present and future legal requirements of any
Governmental Authority governing, addressing, relating to, or attempting to eliminate, terrorist
acts and acts of war and any regulations promulgated pursuant thereto.

"Applicable Margin” means (a)(i) with respect to Term Loans that are LIBOR Rate Loans,
8.50% and (ii) with respect to Revolving Loans that are LIBOR Rate Loans, 3.00% and (b)(i) with
respect to Term Loans that are Base Rate Loans, 7.50% and (ii) with respect to Revolving Loans that
are Base Rate Loans, 2.00%.

"Applicable Reserve Requirement” means, at any time, for any LIBOR Rate Loan, the
maximum rate, expressed as a decimal, at which reserves (including, without limitation, any basic
marginal, special, supplemental, emergency or other reserves) are required to be maintained with
respect thereto against “Eurocurrency liabilities” (as such term is defined in Regulation D) under
regulations issued from time to time by the Board of Governors of the Federal Reserve System or
other applicable banking regulator. Without limiting the effect of the foregoing, the Applicable
Reserve Requirement shall reflect any other reserves required to be maintained by such member banks
with respect to (a) any category of liabilities which includes deposits by reference to which the
applicable Adjusted LIBOR Rate or any other interest rate of a Loan is to be determined, or (b) any
category of extensions of credit or other assets which include LIBOR Rate Loans. A LIBOR Rate Loan
shall be deemed to constitute Eurocurrency liabilities and as such shall be deemed subject to
reserve requirements without benefits of credit for proration, exceptions or offsets that may be
available from time to time to the applicable Lender. The rate of interest on LIBOR Rate Loans
shall be adjusted automatically on and as of the effective date of any change in the Applicable
Reserve Requirement.

"Application Event” means the (a) occurrence of an Event of Default and (b) the
election by Agent or the Required Lenders during the continuance of such Event of Default to
require that payments and proceeds of Collateral be applied pursuant to Section 2.15(h).

"Asset Sale” means a sale, lease or sub lease (as lessor or sublessor), sale and
leaseback, assignment, conveyance, transfer, license or other disposition to (other than to or with
a Loan Party), or any exchange of property with, any Person, in one transaction or a series of
transactions, of all or any part of any Loan Party’s businesses, assets or properties of any kind,
whether real, personal, or mixed and whether tangible or intangible, whether now owned or hereafter
acquired, including, without limitation, the Capital Stock of any Loan Party, other than inventory
sold or licensed in the ordinary course of business or leased in the ordinary course of business.
For purposes of clarification, “Asset Sale” shall include (a) the sale or other disposition for
value of any contracts, (b) the early termination or modification of any contract resulting in the
receipt by any Loan Party of a cash payment or other consideration in exchange for such event
(other than payments in the ordinary course for accrued and unpaid amounts due through the date of
termination or modification) or (c) any sale of merchant accounts (or any rights thereto
(including, without limitation, any rights to any residual payment stream with respect thereto)) by
any Loan Party.

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

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

"Availability” “ means, at any time, an amount equal to the result of (a) the
difference between (i) the lesser of (A) the Borrowing Base and (B) the Revolving Commitments and
(ii) the sum of (A) the aggregate outstanding principal amount of all Revolving Loans and (B) all
Letter of Credit Obligations, minus (b) the sum of (i) all fees, costs, expenses and taxes
then payable pursuant to Section 2.10 and Section 10.2 which have been invoiced,
are due but not yet paid, plus (ii) all of the Loan Parties’ accounts payable for which the
later of the following has occurred (x) 60 days or more have elapsed from the applicable invoice
due date or (y) 90 days have elapsed from the earlier of the invoice or shipment date.

"Bank Product Agreements” means those certain cash management service agreements
entered into from time to time between a Borrower, on the one hand, and a Lender or its Affiliates,
on the other hand, in connection with any of the Bank Products, including, without limitation, any
Lender-Provided Hedging Agreement.

"Bank Product Collateralization” means providing cash collateral (pursuant to
documentation reasonably satisfactory to Service Agent) to be held by Service Agent for the benefit
of the Bank Product Providers in an amount equal to 100% of such Bank Product Obligations.

"Bank Product Obligations” means all obligations, liabilities, contingent
reimbursement obligations, fees, and expenses owing by a Borrower to any Lender or its Affiliates
pursuant to or evidenced by the Bank Product Agreements and irrespective of whether for the payment
of money, whether direct or indirect, absolute or contingent, due or to become due, now existing or
hereafter arising, and including all such amounts that a Borrower is obligated to reimburse to
Service Agent or any Lender as a result of Service Agent or such Lender purchasing participations
or executing indemnities or reimbursement obligations with respect to the Bank Products provided to
such Borrower pursuant to the Bank Product Agreements.

"Bank Product Provider” means any Lender or Affiliate thereof that provides Bank
Products to any Borrower.

"Bank Product Reserve” means, as of any date of determination, the lesser of
(a) $500,000 and (b) the amount of reserves that the Service Agent has established (based upon the
Service Agent’s reasonable determination of the credit exposure in respect of the then extant Bank
Products) in respect of Bank Products then provided or outstanding; provided that, in order to
qualify as a Bank Product Reserve, such reserve must be established on or substantially
contemporaneous with the date that the applicable Bank Product is provided.

"Bank Products” means any service or facility extended to the Borrowers by any Lender
or its Affiliates including: (a) credit cards, (b) credit card processing services, (c) debit
cards, (d) purchase cards, (e) ACH transactions, (f) cash management, including controlled
disbursement, accounts or services, and (g) Lender-Provided Hedging Agreements.

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

"Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the rate
of interest publicly announced by the Reference Bank from time to time as its reference rate, base
rate or 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 Daily LIBOR Rate plus 1%, and (d) 3.00% per annum. The reference
rate, base rate or prime rate is determined from time to time by the Reference Bank as a means of
pricing some loans to its borrowers and neither is tied to any external rate of interest or index
nor necessarily reflects the lowest rate of interest actually charged by the Reference Bank to any
particular class or category of customers. Any change in the reference rate, base rate, prime rate
or the Federal Funds Effective Rate shall be effective on the effective day of such change in the
reference rate, base rate, prime rate or the Federal Funds Effective Rate, respectively.

"Base Rate Loan” means a Loan bearing interest at a rate determined by reference to
the Base Rate.

"Beneficiary means Agent, Service Agent, each Lender, the L/C Issuer and each Bank
Product Provider.

"Blocked Person” means any Person:

(a) that is publicly identified (i) on the most current list of “Specially
Designated Nationals and Blocked Persons” published by OFAC or resides, is organized or chartered,
or has a place of business in a country or territory subject to OFAC sanctions or embargo program
or (ii) as prohibited from doing business with the United States under the International Emergency
Economic Powers Act, the Trading With the Enemy Act, or any other Anti-Terrorism Law;

(b) that is owned or controlled by, or that owns or controls, or that is acting for
or on behalf of, any Person described in clause (a) above;

(c) which any Lender is prohibited from dealing or otherwise engaging in any
transaction by any Anti-Terrorism Law; and

(d) that is affiliated or associated with a Person described in clauses (a), (b) or
(c) above.

"Board of Directors” means, (a) with respect to any corporation, the board of
directors of the corporation or any committee thereof duly authorized to act on behalf of such
board, (b) with respect to a partnership, the board of directors of the general partner of the
partnership, (c) with respect to a limited liability company, the managing member or members or any
controlling committee or board of directors of such company or the sole member or the managing
member thereof, and (d) with respect to any other Person, the board or committee of such Person
serving a similar function.

"Book Value” means, with respect to any Inventory of any Person, the lower of (a) cost
(as reflected in the general ledger of such Person before customary (but not extraordinary)
reserves established by such Person in good faith and in accordance with GAAP) and (b) market
value, in each case, determined in accordance with GAAP calculated on a first-in first-out basis.

"Borrower” and “Borrowers” have the meanings specified in the preamble hereto.

"Borrowing Base” means, at any time, the difference between (a) the sum of (i) up to
85% of the value of the Net Amount of Eligible Accounts Receivable at such time plus
(ii) the lesser of (1) up to 60% of the Book Value of the Eligible Inventory at such time and (2)
85% times the most recently determined Net Liquidation Percentage times the Book
Value of the Eligible Inventory at such time and (b) the aggregate amount, if any, of the Dilution
Reserve, the Inventory Volatility Reserve and the Bank Product Reserve and such other reserves as
Service Agent may deem appropriate in the exercise of its reasonable business judgment based upon
the lending practices of Service Agent.

"Borrowing Base Availability” means, at any time, an amount equal to the result of
(a) the difference between (i) the Borrowing Base and (ii) the sum of (A) the aggregate outstanding
principal amount of all Revolving Loans and (B) all Letter of Credit Obligations, minus (b)
the sum of (i) all fees, costs, expenses and taxes then payable pursuant to Section 2.10
and Section 10.2 which have been invoiced, are due but not yet paid, plus (ii) all
of the Loan Parties’ accounts payable for which the later of the following has occurred (x) 60 days
or more have elapsed from the applicable invoice due date or (y) 90 days have elapsed from the
earlier of the invoice or shipment date.

"Borrowing Base Certificate” means a certificate signed by an Authorized Officer of
Company and setting forth the calculation of the Borrowing Base in compliance with Section
5.1(q), substantially in the form of Exhibit I.

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

"Capital Lease” means, as applied to any Person, any lease of any property (whether
real, personal or mixed) by that Person (a) as lessee that, in conformity with GAAP, is or should
be accounted for as a capital lease on the balance sheet of that Person or (b) as lessee which is a
transaction of a type commonly known as a “synthetic lease” (i.e., a transaction that is treated as
an operating lease for accounting purposes but with respect to which payments of rent are intended
to be treated as payments of principal and interest on a loan for Federal income tax purposes).

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

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

"Cash Collateralize” or “Cash Collateralization” means to deliver to the
Service Agent an amount (whether in cash or in the form of a backstop letter of credit in form and
substance reasonably satisfactory to, and issued by a U.S. commercial bank reasonably acceptable
to, the Service Agent in its reasonable discretion) equal to 105% of the sum of (a) the Maximum
Undrawn Amount plus (b) the aggregate amount of all unreimbursed payments and disbursements under
each Letter of Credit which have not been converted to Revolving Loans plus (c) the amount of
unpaid Letter of Credit Fees then accrued.

"Cash Equivalents” means, as at any date of determination, (a) marketable securities
(i) issued or directly and unconditionally guaranteed as to interest and principal by the United
States Government, or (ii) issued by any agency of the United States the obligations of which are
backed by the full faith and credit of the United States, in each case maturing within one year
after such date; (b)  marketable direct obligations issued by any state of the United States of
America or any political subdivision of any such state or any public instrumentality thereof, in
each case maturing within one year after such date and having, at the time of the acquisition
thereof, a rating of at least A 1 from S&P or at least P 1 from Moody’s; (c) commercial paper
maturing no more than one year from the date of creation thereof and having, at the time of the
acquisition thereof, a rating of at least A 1 from S&P or at least P 1 from Moody’s;
(d) certificates of deposit or bankers’ acceptances maturing within one year after such date and
issued or accepted by any Lender or by any commercial bank organized under the laws of the United
States of America or any state thereof or the District of Columbia that (i) is at least “adequately
capitalized” (as defined in the regulations of its primary Federal banking regulator), and (ii) has
Tier 1 capital (as defined in such regulations) of not less than $100,000,000; and (e) shares of
any money market mutual fund that (i) has substantially all of its assets invested continuously in
the types of investments referred to in clauses (a) and (b) above, (ii) has net
assets of not less than $250,000,000, and (iii) has the highest rating obtainable from either S&P
or Moody’s.

"Certificate Regarding Non-Bank Status” means a certificate substantially in the form
of Exhibit E.

"Change of Control” means, at any time, any of the following occurrences:

(a) any Person or “group” (within the meaning of Rules 13d 3 and 13d 5 under the Exchange Act)
(i) shall have acquired beneficial ownership of 20% or more on a fully diluted basis of the voting
and/or economic interest in the Capital Stock of Company or (ii) shall have obtained the power
(whether or not exercised) to elect a majority of the members of the Board of Directors (or similar
governing body) of Company;

(b) Company shall cease to beneficially own and control, directly or indirectly, (i) 100% on a
fully diluted basis of the economic and voting interest in the Capital Stock of each Loan Party
(other than Company and Metalico JBI Cleveland, LLC) or (ii) 50.1% of Metalico JBI Cleveland, LLC
(in each case, other than in connection with any transaction permitted pursuant to Section
6.9(a));

(c) the majority of the seats (other than vacant seats) on the Board of Directors (or similar
governing body) of Company (or its direct or indirect parent holding company) cease to be occupied
by Persons who either (i) were members of the Board of Directors of Company (or its direct or
indirect parent holding company) on the Closing Date, or (ii) were nominated for election by the
Board of Directors of Company (or its direct or indirect parent holding company), a majority of
whom were directors on the Closing Date or whose election or nomination for election was previously
approved by a majority of such directors;

(d) any “change of control” or similar event shall occur under, and as defined in or set forth
in the documents evidencing or governing the Capital Stock of the Company or any of its
Subsidiaries; or

(e) any “change of control” or similar event shall occur under, and as defined in or set forth
in the documents evidencing or governing, any Indebtedness in an individual principal amount of
$1,000,000 or more or with an aggregate principal amount of $2,500,000 or more owed by the Company
or any of its Subsidiaries.

"Class” means (a) with respect to Lenders, each of the following classes of Lenders:
(i) Lenders having Term Loan A Exposure, (ii) Lenders having Term Loan B Exposure, and
(iii) Lenders having Revolving Exposure, and (b) with respect to Loans, each of the following
classes of Loans: (i) Term Loan A, (ii) Term Loan B, and (iii) Revolving Loans.

"Closing Consolidated Liquidity” means, an amount determined for Company and its
Subsidiaries on a consolidated basis equal to the sum of (a) unrestricted Cash-on-hand of Company
and its Subsidiaries, plus (b) Availability.

"Closing Date” means the date on which the Term Loan A is made.

"Closing Date Certificate” means a Closing Date Certificate substantially in the form
of Exhibit F-1.

"Closing Date Mortgaged Property” has the meaning specified in Section 3.1(g).

"Collateral” means, collectively, all of the real, personal and mixed property
(including Capital Stock) and all interests therein and proceeds thereof now owned or hereafter
acquired by any Person upon which a Lien is granted or purported to be granted by such Person
pursuant to the Collateral Documents as security for the Obligations.

"Collateral Access Agreement” means a collateral access agreement in form and
substance reasonably satisfactory to Agent.

"Collateral Documents” means the Pledge and Security Agreement, the Mortgages, the
Collateral Access Agreements, if any, any Control Agreement, and all other instruments, documents
and agreements delivered by any Loan Party pursuant to this Agreement or any of the other Loan
Documents in order to grant to Agent, for the benefit of Secured Parties, a Lien on any real,
personal or mixed property of that Loan Party as security for the Obligations, in each case, as
such Collateral Documents may be amended or otherwise modified from time to time.

"Collateral Records” means, to the extent relating to Accounts, Inventory, the other
Revolver Priority Collateral or any Account Debtor or other Person obligated on or in connection
with any of the Accounts, all of the Borrowers’ and all of each other Loan Party’s present and
future books of account of every kind or nature, purchase and sale agreements, invoices, ledger
cards, bills of lading and other shipping evidence, statements, correspondence, memoranda, credit
files and other data, together with the tapes, disks, diskettes and other data and software storage
media and devices, file cabinets or containers in or on which the foregoing are stored (including
any rights of the Borrowers and the other Loan Parties with respect to the foregoing maintained
with or by any other Person).

"Commitment” means any Revolving Commitment, Term Loan A Commitment or Term Loan B
Commitment.

"Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as
amended from time to time, and any successor statute.

"Company” has the meaning specified in the preamble hereto.

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

"Consolidated Capital Expenditures” means, for any period, the aggregate of all
expenditures of Company and its Subsidiaries during such period determined on a consolidated basis
that, in accordance with GAAP, are or should be included in “purchase of property and equipment or
which should otherwise be capitalized” or similar items reflected in the consolidated statement of
cash flows of Company and its Subsidiaries.

"Consolidated Cash Interest Expense” means, for any period, Consolidated Interest
Expense for such period based upon GAAP, excluding any paid-in-kind interest, amortization of
deferred financing costs, and any realized or unrealized gains or losses attributable to Interest
Rate Agreements.

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

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

"Consolidated EBITDA” means, for any period, an amount determined for Company and its
Subsidiaries on a consolidated basis equal to (a) the sum, without duplication, of the amounts for
such period of (i) Consolidated Net Income, plus (ii) Consolidated Interest Expense,
plus (iii) provisions for taxes based on income, plus (iv) total depreciation
expense, plus (v) total amortization expense, plus (vi)  to the extent listed in
the sources and uses attached to the Flow of Funds Agreement and paid on or before the date that is
45 days following the Closing Date, the costs, fees and expenses paid by the Company and its
Subsidiaries in connection with the closing of the transactions contemplated by this Agreement,
plus (vii) non-Cash stock-based compensation expenses, plus (viii) non-Cash
fair-value adjustments, plus (ix) other non-Cash items reducing Consolidated Net Income
(excluding any such non-Cash item to the extent that it represents an accrual or reserve for
potential Cash items in any future period or amortization of a prepaid Cash item that was paid in a
prior period), minus (b) the sum, without duplication of the amounts for such period of (i)
other non-Cash items increasing Consolidated Net Income for such period (excluding any such
non-Cash item to the extent it represents the reversal of an accrual or reserve for potential Cash
item in any prior period), plus (ii) interest income, plus (iii) other income.

"Consolidated Excess Cash Flow” means, for any period, an amount (if positive)
determined for Company and its Subsidiaries on a consolidated basis equal to: (a) the sum, without
duplication, of the amounts for such period of (i) Consolidated EBITDA, plus (ii) interest
income, plus (iii) other non-ordinary course Cash income (excluding any Cash gains or
losses attributable to Asset Sales and any insurance proceeds), plus (iv) the Consolidated
Working Capital Adjustment, minus (b) the sum, without duplication, of the amounts for such
period of (i) voluntary and scheduled (but not mandatory) repayments of Consolidated Total Debt
(excluding repayments of Revolving Loans except to the extent the Revolving Commitments are
permanently reduced in connection with such repayments), plus (ii) Consolidated Capital
Expenditures (net of any proceeds of (A) Net Asset Sale Proceeds to the extent reinvested in
accordance with Section 2.13(a), (B) Net Proceeds to the extent reinvested in accordance
with Section 2.13(b), and (C) any proceeds of related financings with respect to such
expenditures), plus (iii) Consolidated Cash Interest Expense, plus (iv) provisions
for current taxes based on income of Company and its Subsidiaries and payable in cash with respect
to such period, plus (v) other non-ordinary course Cash losses (excluding any Cash losses
attributable to Asset Sales).

"Consolidated Fixed Charges” means, for any period, the sum, without duplication, of
the amounts determined for Company and its Subsidiaries on a consolidated basis equal to (a)
Consolidated Cash Interest Expense, (b) scheduled payments of principal on Consolidated Total Debt,
(c) all Restricted Junior Payments (whether in cash or other property, other than common Capital
Stock), (d) the aggregate amount of all payments made in cash that are not expensed or do not
otherwise result in a decrease to the net income of Company and its Subsidiaries for such period,
and (e) the current portion of taxes provided for with respect to such period in accordance with
GAAP.

"Consolidated Interest Expense” means, for any period, total interest expense
(including that portion attributable to Capital Leases in accordance with GAAP and capitalized
interest) of Company and its Subsidiaries on a consolidated basis with respect to all outstanding
Consolidated Total Debt, including all commissions, discounts and other fees and charges owed with
respect to letters of credit and net costs under Interest Rate Agreements, but excluding, however,
any amounts referred to in Section 2.10(e) payable on or before the Closing Date.

"Consolidated Liquidity” means, for any period an amount determined for Company and
its Subsidiaries on a consolidated basis equal to the sum of (a) unrestricted cash-on-hand of
Company and its Subsidiaries, plus (b) Availability.

"Consolidated Net Income” means, for any period, (a) the net income (or loss) of
Company and its Subsidiaries on a consolidated basis for such period taken as a single accounting
period determined in conformity with GAAP, minus (b) the sum of (i) the income (or loss) of
any Person (other than a Subsidiary of Company) in which any other Person (other than Company or
any of its Subsidiaries) has a joint interest, plus (ii) the income (or loss) of any Person
accrued prior to the date it becomes a Subsidiary of Company or is merged into or consolidated with
Company or any of its Subsidiaries or that Person’s assets are acquired by Company or any of its
Subsidiaries, plus (iii) the income of any Subsidiary of Company to the extent that the
declaration or payment of dividends or similar distributions by that Subsidiary of that income is
not at the time permitted by operation of the terms of its charter or any agreement, instrument,
judgment, decree, order, statute, rule or governmental regulation applicable to that Subsidiary,
plus (iv) any gains or losses attributable to Asset Sales or returned surplus assets of any
Pension Plan, plus (v) (to the extent not included in clauses (b)(i) through
(iv) above) any net extraordinary gains or net extraordinary losses.

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

"Consolidated Working Capital” means, as at any date of determination, the excess or
deficiency of Consolidated Current Assets over or under Consolidated Current Liabilities.

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

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

"Control Agreement” means a control agreement, in form and substance reasonably
satisfactory to Agent, executed and delivered by Company or one of its Subsidiaries, Agent (or a
sub-agent of Agent), and the applicable securities intermediary (with respect to a Securities
Account) or bank (with respect to a Deposit Account).

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

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

"Counterpart Agreement” means a Counterpart Agreement substantially in the form of
Exhibit G delivered by a Loan Party pursuant to Section 5.10.

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

"Credit Extension” means the making of a Loan or the issuance, amendment, extension or
renewal of a Letter of Credit.

"Daily LIBOR Rate” means, for any day, the rate per annum determined by the Service
Agent by dividing (a) the Published Rate by (b) a number equal to 1.0 minus the Applicable Reserve
Requirement.

"Debtor Relief Law” means the Bankruptcy Code and any other liquidation,
conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement,
receivership, insolvency, reorganization, or similar debtor relief law of the United States or
other applicable jurisdiction from time to time in effect.

"Declined Proceeds” has the meaning specified in Section 2.14(c).

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

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

"Default Period” means, with respect to any Defaulting Lender, the period commencing
on the date of the applicable Funding Default, or violation of Section 9.5(c), and ending
on the earliest of the following dates: (a) the date on which all Commitments are cancelled or
terminated and/or the Obligations are declared or become immediately due and payable, (b) the date
on which (i) the Default Excess with respect to such Defaulting Lender shall have been reduced to
zero (whether by the funding by such Defaulting Lender of any Defaulted Loans of such Defaulting
Lender or by the non pro rata application of any voluntary or mandatory prepayments of the Loans in
accordance with the terms of Section 2.12 or Section 2.13 or by a combination
thereof), and (ii) such Defaulting Lender shall have delivered to Company and Service Agent a
written reaffirmation of its intention to honor its obligations hereunder with respect to its
Commitments, (c) the date on which Company, Service Agent and Required Lenders waive all Funding
Defaults of such Defaulting Lender in writing, and (d) the date on which Agent shall have waived
all violations of Section 9.5(c) by such Defaulting Lender in writing.

"Defaulted Loan” has the meaning specified in Section 2.21.

"Defaulting Lender” has the meaning specified in Section 2.21.

"Default Rate” means any interest payable pursuant to Section 2.9.

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

"Designated Transaction” means a transaction involving the sale or transfer of certain
non-core assets of the Company and its Subsidiaries in exchange for cash and certain assets as more
fully described in the Designated Transaction Letter.

"Designated Transaction Letter” means the letter, in form and substance satisfactory
to the Required Lenders, delivered by the Company to the Agent, the Service Agent and the Lenders
on or before the Closing Date, in which the Designated Transaction is described.

"Dilution” means a percentage, based upon the experience during a period determined by
Service Agent in its reasonable business judgment, that is the result of dividing the Dollar amount
of (a) bad debt write-downs, discounts, warranty claims, advertising allowances, credits, or other
dilutive items with respect to Borrowers’ Accounts during such period, by (b) Borrowers’ billings
with respect to Accounts during such period.

"Dilution Reserve” means, as of any date of determination, an amount sufficient to
reduce the advance rate against Eligible Accounts Receivable by one percentage point for each
percentage point by which Dilution is in excess of 5%.

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

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

"Drawing Date” has the meaning specified therefor in Section 2.3(d)(ii).

"Eligible Accounts Receivable” means the Accounts of a Borrower which are eligible at
the time of determination. An Account shall be deemed to be eligible if: (a) delivery of the
merchandise (or, in the case of Accounts of a Borrower in an amount not more than $500,000, title
to the underlying goods or merchandise has passed to the Account Debtor) or the rendition of the
services has been completed with respect to such Account; (b)  no return, rejection, repossession
or dispute has occurred with respect to such Account and the Account Debtor has not asserted any
setoff, defense or counterclaim with respect to such Account, provided that, in the case of
any partial return, rejection or repossession or any dispute, setoff, defense or counterclaim with
respect to an Account, the portion of such Account not subject to such return, rejection,
repossession, dispute, setoff, defense or counterclaim will not be ineligible solely by reason of
this clause (b); (c) such Account is lawfully owned by a Borrower free and clear of any
Lien other than in favor of the Agent for the benefit of the Secured Parties and otherwise
continues to be in full conformity with all representations and warranties made by a Borrower to
the Agent, Service Agent and the Lenders with respect thereto in the Loan Documents; (d) such
Borrower has the right to grant Liens on such Account; (e) such Account is unconditionally payable
in Dollars and is not evidenced by a promissory note, chattel paper or any other instrument or
other document unless the original of such document is in the possession of the Agent and contains
all necessary endorsements in favor of the Agent; (f) no more than 60 days have elapsed from the
original invoice due date and no more than 90 days have elapsed from the original invoice date with
respect to such Account; (g) such Account is not due from an Affiliate of a Loan Party; (h) such
Account does not constitute an obligation of the United States or any other Governmental Authority
(unless all steps required by the Agent and Service Agent in connection therewith, including notice
to the United States Government under the Federal Assignment of Claims Act or any action or notice
under any state statute comparable to the Federal Assignment of Claims Act, have been duly taken in
a manner satisfactory to the Agent and Service Agent); (i) the Account Debtor with respect to such
Account is organized and located in the United States or Canada or such Account is supported by a
letter of credit or other similar credit support reasonably satisfactory to Agent and Service
Agent; (j) if the Account Debtor with respect to such Account is also a supplier to or creditor of
a Borrower, unless such Account Debtor has executed a no-offset letter satisfactory to the Service
Agent, only that portion of the Account in excess of any amounts owed to such supplier or creditor
shall be eligible under this clause (j); (k) not more than 50% of the aggregate amount of all
Accounts of the Account Debtor with respect to such Account have remained unpaid 60 days past the
original invoice due date or 90 days past the original invoice date; (l) Accounts with respect to
an Account Debtor whose total obligations owing to the Loan Parties do not exceed 25% of all
Eligible Accounts, to the extent of the obligations owing by such Account Debtor not in excess of
such percentage, provided, however, that, in each case, the Service Agent may in its reasonable
discretion include (but shall not be obligated to include) as “Eligible Accounts Receivable” the
amount of Eligible Accounts Receivable that are excluded because they exceed the foregoing
percentage; (m) the Account Debtor with respect to such Account (i) has not filed a petition for
bankruptcy or any other relief under any Debtor Relief Law, (ii) has not failed, suspended business
operations, become insolvent or called a meeting of its creditors for the purpose of obtaining any
financial concession or accommodation, (iii) has not had or suffered to be appointed a receiver or
a trustee for all or a significant portion of its assets or affairs or (iv) in the case of an
Account Debtor who is an individual, is not an employee of a Borrower or any of its Affiliates and
has not died or been declared incompetent; (n) Accounts with respect to which the Account Debtor is
not a Blocked Person; (o) Accounts which are owed by an Account Debtor located in any jurisdiction
which requires filing of a “Notice of Business Activities Report” or other similar report in order
to permit any Borrower to seek judicial enforcement in such jurisdiction of payment of such
Accounts so long as such Borrower has filed such report or qualified to do business in such
jurisdiction (or such Borrower is permitted to qualify without any material cost or expense and
without material adverse consequences to the enforceability or collectability of such Accounts);
and (p) Accounts that do not arise from bill and hold sales, guaranteed sales, sale and return,
sale on approval and consignment sales; provided, that in addition to the criteria set
forth above, no Accounts of a Borrower acquired in connection with a Permitted Acquisition shall be
deemed to be or treated as an Eligible Account Receivable for any purpose under this Agreement
(including, without limitation, any calculation of the Borrowing Base) until such time as the
Service Agent has conducted a satisfactory audit.

"Eligible Assignee” means (a) in the case of the Revolving Loans or Revolving
Commitments, (i) any Lender with Revolving Exposure or any Affiliate (other than a natural person)
of a Lender with Revolving Exposure, (ii) a commercial bank organized under the laws of the United
States, or any state thereof, and having total assets or net worth in excess of $100,000,000,
(iii) a commercial bank organized under the laws of any other country which is a member of the
Organization for Economic Cooperation and Development or a political subdivision of any such
country and which has total assets or net worth in excess of $100,000,000, provided that such bank
is acting through a branch or agency located in the United States, and (iv) a finance company,
insurance company, or other financial institution or fund that is engaged in making, purchasing, or
otherwise investing in commercial loans in the ordinary course of its business and having (together
with its Affiliates) total assets or net worth in excess of $100,000,000, (b) in the case of the
Term Loans, (i) any Lender, any Affiliate of any Lender and any Related Fund (any two or more
Related Funds being treated as a single Eligible Assignee for all purposes hereof), and (ii) any
commercial bank, insurance company, investment or mutual fund or other entity that is an
“accredited investor” (as defined in Regulation D under the Securities Act) and which extends
credit or buys loans as one of its businesses, and (c) any other Person (other than a natural
Person) approved by Agent; provided, (i) neither Company nor any Affiliate of Company
shall, in any event, be an Eligible Assignee, (ii) such assignee shall have assets or net worth in
excess of $100,000,000 and (iii) no Person owning or controlling any trade debt or Indebtedness of
any Loan Party other than the Obligations or any Capital Stock of any Loan Party (in each case,
unless approved by Agent) shall, in any event, be an Eligible Assignee.

"Eligible Inventory” means all finished goods and raw materials Inventory of a
Borrower which are eligible at the time of determination. Inventory shall be deemed to be eligible
if it meets all of the following specifications: (a) such Inventory is lawfully owned by a
Borrower free and clear of any existing Lien other than in favor of the Agent for the benefit of
the Secured Parties and otherwise continues to be in full conformity with all representations and
warranties made by a Borrower to the Agent, Servicer and the Lenders with respect thereto in the
Loan Documents; (b) such Inventory is not held on consignment and may be lawfully sold; (c) a
Borrower has the right to grant Liens on such Inventory; (d) such Inventory arose or was acquired
in the ordinary course of the business of a Borrower and does not represent unsalable goods; (e) no
Account Receivable has been created or issued with respect to such Inventory; (f) no document of
title has been created or issued with respect to such Inventory other than motor vehicles subject
to a certificate of title in the name of a Borrower purchased in the ordinary course of business
for scrap; (g) such Inventory is located in one of the locations in the continental United States
listed on Schedule 4.25 or such other locations in the continental United States as the Agent or
Service Agent may approve in writing from time to time, or is in transit and is owned and remains
under control of, a Borrower; (h) the Inventory is not supplies or packaging; (i) such Inventory is
not, in Service Agent’s reasonable business judgment, unmerchantable; (j) if such Inventory is at a
location not owned by a Borrower unless owner or occupier of such location has executed in favor of
Agent a Collateral Access Agreement (or Service Agent shall agree otherwise in its reasonable
business judgment after establishing reserves against the Borrowing Base with respect thereto as
Servicer shall deem appropriate in its reasonable business judgment), provided, that in
addition to the criteria set forth above, no Inventory acquired in connection with a Permitted
Acquisition shall be deemed to be or treated as an Eligible Inventory for any purpose under this
Agreement (including, without limitation, any calculation of the Borrowing Base) until such time as
the Service Agent has conducted a satisfactory audit.

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

"Environment” means surface water, groundwater (including potable water, navigable
water and wetlands), surface and subsurface soils and strata, sediments, other geologic media, air
(including ambient and indoor air), land, natural resources, the workplace or as otherwise defined
by Environmental Laws.

"Environmental Claim” means any complaint, summons, citation, investigation, notice,
directive, notice of violation, order, claim, demand, action, litigation, judicial or
administrative proceeding, judgment, letter or other communication from any Governmental Authority
or any other Person, involving (a) any actual or alleged violation of any Environmental Law; (b)
any Hazardous Material or any actual or alleged Hazardous Materials Activity; (c) injury to the
Environment or any Person (including wrongful death) or property (real or personal) in connection
with Hazardous Materials or actual or alleged violations of Environmental Laws; or (d) actual or
alleged Releases or threatened Releases of Hazardous Materials either (i) on, at or migrating from
any assets, properties or businesses currently or formerly owned or operated by any Loan Party or
any of its Subsidiaries or any predecessor in interest, (ii) from adjoining properties or
businesses, or (iii) onto any facilities which received Hazardous Materials generated by any Loan
Party or any of its Subsidiaries or any predecessor in interest or related entity.

"Environmental Laws” means any and all current or future Requirements of Law relating
to (a) the manufacture, generation, use, storage, transportation, treatment, disposal or Release of
Hazardous Materials; or (b) occupational safety and health, industrial hygiene, land use or the
protection of the environment, human, plant or animal health or welfare.

"Environmental Liabilities and Costs” means all liabilities, monetary obligations,
losses (including monies paid in settlement), damages, punitive damages, natural resources damages,
consequential damages, treble damages, costs and expenses (including all reasonable fees,
disbursements and expenses of counsel, experts and consultants and costs of investigations and
feasibility studies), fines, penalties, sanctions and interest incurred in connection with any
Remedial Action, any Environmental Claim, or any other claim or demand by any Governmental
Authority or any Person that relates to any actual or alleged violation of Environmental Laws,
actual or alleged exposure or threatened exposure to Hazardous Materials, or any actual or alleged
Release or threatened Release of Hazardous Materials.

"Environmental Lien” means any Lien in favor of any Governmental Authority for
Environmental Liabilities and Costs.

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

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

"ERISA Event” means (a) a “reportable event” within the meaning of Section 4043 of
ERISA and the regulations issued thereunder with respect to any Pension Plan (excluding those for
which the provision for thirty day notice to the PBGC has been waived by regulation); (b) the
failure to meet the minimum funding standard of Section 412 of the Internal Revenue Code with
respect to any Pension Plan (whether or not waived in accordance with Section 412(d) of the
Internal Revenue Code) or the failure to make by its due date a required installment under Section
412(m) of the Internal Revenue Code with respect to any Pension Plan or the failure to make any
required contribution to a Multiemployer Plan; (c) the provision by the administrator of any
Pension Plan pursuant to Section 4041(a)(2) of ERISA of a notice of intent to terminate such plan
in a distress termination described in Section 4041(c) of ERISA; (d) the withdrawal by Company, any
of its Subsidiaries or any of their respective ERISA Affiliates from any Pension Plan with two or
more contributing sponsors or the termination of any such Pension Plan resulting in liability to
Company, any of its Subsidiaries or any of their respective Affiliates pursuant to Section 4063 or
4064 of ERISA; (e) the institution by the PBGC of proceedings to terminate any Pension Plan, or the
occurrence of any event or condition which might constitute grounds under ERISA for the termination
of, or the appointment of a trustee to administer, any Pension Plan; (f) the imposition of
liability on Company, any of its Subsidiaries or any of their respective ERISA Affiliates pursuant
to Section 4062(e) or 4069 of ERISA or by reason of the application of Section 4212(c) of ERISA;
(g) the withdrawal of Company, any of its Subsidiaries or any of their respective ERISA Affiliates
in a complete or partial withdrawal (within the meaning of Sections 4203 and 4205 of ERISA) from
any Multiemployer Plan if there is any potential liability therefor, or the receipt by Company, any
of its Subsidiaries or any of their respective ERISA Affiliates of notice from any Multiemployer
Plan that it is in reorganization or insolvency pursuant to Section 4241 or 4245 of ERISA, or that
it intends to terminate or has terminated under Section 4041A or 4042 of ERISA; (h) the occurrence
of an act or omission which could give rise to the imposition on Company, any of its Subsidiaries
or any of their respective ERISA Affiliates of fines, penalties, taxes or related charges under
Chapter 43 of the Internal Revenue Code or under Section 409, Section 502(c), (i) or (l), or
Section 4071 of ERISA in respect of any Employee Benefit Plan; (i) the assertion of a material
claim (other than routine claims for benefits) against any Employee Benefit Plan other than a
Multiemployer Plan or the assets thereof, or against Company, any of its Subsidiaries or any of
their respective ERISA Affiliates in connection with any Employee Benefit Plan; (j) receipt from
the Internal Revenue Service of notice of the failure of any Pension Plan (or any other Employee
Benefit Plan intended to be qualified under Section 401(a) of the Internal Revenue Code) to qualify
under Section 401(a) of the Internal Revenue Code, or the failure of any trust forming part of any
Pension Plan to qualify for exemption from taxation under Section 501(a) of the Internal Revenue
Code; or (k) the imposition of a Lien pursuant to Section 401(a)(29) or 412(n) of the Internal
Revenue Code or pursuant to ERISA with respect to any Pension Plan.

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

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

"Excluded Swap Obligation” means, with respect to any Guarantor, any Swap Obligation
if, and to the extent that, all or a portion of the Guaranty of such Guarantor of, or the grant by
such Guarantor of a security interest to secure, such Swap Obligation (or any Guaranty thereof) is
or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the
Commodity Futures Trading Commission (or the application or official interpretation of any thereof)
by virtue of such Guarantor’s failure for any reason to constitute an “eligible contract
participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time
the Guaranty of such Guarantor or the grant of such security interest becomes effective with
respect to such Swap Obligation. If a Swap Obligation arises under a master agreement governing
more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is
attributable to swaps for which such Guaranty or security interest is or becomes illegal.

"Existing Indebtedness” means (a) Indebtedness and other obligations outstanding under
that certain Credit Agreement dated as of February 26, 2010 between the Company and the other loan
parties named therein, JPMorgan Chase Bank, N.A., as administrative agent, J.P. Morgan Securities
Inc., as sole bookrunner and sole lead arranger and RBS Business Capital, a division of RBS Asset
Finance, Inc., a subsidiary of RBS Citizens, N.A., as documentation agent, as amended prior to the
Closing Date, and (b) Indebtedness and other obligations outstanding under each of the Existing
Convertible Notes.

"Existing Convertible Notes” means the Senior Convertible Notes issued pursuant to the
Securities Purchase Agreement, dated as of April 23, 2008, by and among the Company and each of the
buyers named therein, due April 30, 2028, issued by the Company to the holders thereof, in each
case, as amended on or before the Closing Date.

"Extraordinary Receipts” means any cash received by Company or any of its Subsidiaries
not in the ordinary course of business (and not consisting of proceeds described in Section
2.13(a) or (b) hereof), including, without limitation, (a) foreign, United States,
state or local tax refunds, (b) pension plan reversions, (c) judgments, proceeds of settlements or
other consideration of any kind in connection with any cause of action, (d) condemnation awards
(and payments in lieu thereof), (e) indemnity payments and (f) any purchase price adjustment
received in connection with any purchase agreement.

"Fair Share” has the meaning specified in Section 7.2.

"FASB ASC” means the Accounting Standards Codification of the Financial Accounting
Standards Board.

"FATCA” means Sections 1471 through 1474 of the Internal Revenue Code, in effect as of
the date of this Agreement and any current regulations or official interpretations thereof.

"Federal Funds Effective Rate” means for any day, the rate per annum (based on a year
of 360 days and actual days elapsed) which is the daily federal funds open rate as quoted by ICAP
North America, Inc. (or any successor) as set forth on the Bloomberg Screen BTMM for that day
opposite the caption “OPEN” (or on such other substitute Bloomberg Screen that displays such rate),
or as set forth on such other recognized electronic source used for the purpose of displaying such
rate as selected by the Bank (an “Alternate Source”) (or if such rate for such day does not appear
on the Bloomberg Screen BTMM (or any substitute screen) or on any Alternate Source, or if there
shall at any time, for any reason, no longer exist a Bloomberg Screen BTMM (or any substitute
screen) or any Alternate Source, a comparable replacement rate determined by the Bank at such time
(which determination shall be conclusive absent manifest error); provided however,
that if such day is not a Business Day, the Federal Funds Effective Rate for such day shall be the
“open” rate on the immediately preceding Business Day. If and when the Federal Funds Effective
Rate changes, the rate of interest hereunder will change automatically without notice to the
Borrowers, effective on the date of any such change.

"Fee Letter” means the letter agreement dated as of the date hereof between Borrowers
and Agent, as amended, supplemented or otherwise modified from time to time.

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

"Financial Plan” has the meaning specified in Section 5.1(i).

"First Priority” means, with respect to any Lien purported to be created in any
Collateral pursuant to any Collateral Document, that such Lien (A) is the only Lien to which such
Collateral is subject, other than any Permitted Lien and (B) has rights in the Collateral senior to
those of any other Lien.

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

"Fiscal Year” means the fiscal year of Company and its Subsidiaries ending on December
31 of each calendar year.

"Fixed Charge Coverage Ratio” means the ratio as of the last day of a Fiscal Quarter
of (i) Consolidated EBITDA for the four-Fiscal Quarter period then ending minus Consolidated
Capital Expenditures for the four-Fiscal Quarter period then ending, to (ii) Consolidated Fixed
Charges for such four-Fiscal Quarter period.

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

"Flow of Funds Agreement” means that certain Flow of Funds Agreement, dated as of the
Closing Date, duly executed by each Loan Party, Agent, Service Agent, each Lender and any other
person party thereto, in form and substance reasonably satisfactory to the Agent and Service Agent,
in connection with the disbursement of Loan proceeds in accordance with Section 2.5.

"Foreign Official” means any officer or employee of a government or any department,
agency, or instrumentality thereof, not in the United States or any state or local jurisdiction
thereof or of a public international organization, or any person acting in an official capacity for
or on behalf of any such government or department, agency, or instrumentality, or for or on behalf
of any such public international organization.

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

"Funding Default” has the meaning specified in Section 2.21.

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

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

"Governmental Acts” means any act or omission, whether rightful or wrongful, of any
Governmental Authority.

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

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

"Grantor” has the meaning specified in the Pledge and Security Agreement.

"Guaranteed Obligations” has the meaning specified in Section 7.1; provided
that such term shall exclude Excluded Swap Obligations.

"Guarantor” means (a) each Domestic Subsidiary of Company (other than a Borrower) and
(b) each other Person which guarantees, pursuant to Article VII or otherwise, all or any
part of the Obligations.

"Guarantor Subsidiary” means each Subsidiary of Company that is a Guarantor.

"Guaranty” means (a) the guaranty of each Guarantor set forth in Article VII
and (b) each other guaranty, in form and substance reasonably satisfactory to Agent, made by any
other Guarantor for the benefit of the Secured Parties guaranteeing all or part of the Obligations.

"Hazardous Materials” means, regardless of amount or quantity, (a) any element,
compound or chemical that is defined, listed or otherwise classified as a contaminant, pollutant,
toxic pollutant, toxic or hazardous substance, extremely hazardous substance or chemical, hazardous
waste, special waste, or solid waste under Environmental Laws or that is likely to cause
immediately, or at some future time, harm to or have an adverse effect on, the Environment or risk
to human health or safety, including, without limitation, any pollutant, contaminant, waste,
hazardous waste, toxic substance or dangerous good which is defined or identified in any
Environmental Law and which is present in the Environment in such quantity or state that it
contravenes any Environmental Law; (b) petroleum and its refined products; (c) polychlorinated
biphenyls; (d) any substance exhibiting a hazardous waste characteristic, including, without
limitation, corrosivity, ignitability, toxicity or reactivity as well as any radioactive or
explosive materials; (e) any raw materials, building components (including, without limitation,
asbestos-containing materials) and manufactured products containing hazardous substances listed or
classified as such under Environmental Laws; and (f) any substance or materials that are otherwise
regulated under Environmental Law.

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

"Hedging Agreement” means any interest rate, foreign currency, commodity or equity
swap, collar, cap, floor or forward rate agreement, or other agreement or arrangement designed to
protect against fluctuations in interest rates or currency, commodity or equity values (including,
without limitation, any option with respect to any of the foregoing and any combination of the
foregoing agreements or arrangements), and any confirmation executed in connection with any such
agreement or arrangement.

"Hedge Liabilities” means the liabilities of the Borrowers under any Hedging Agreement
as calculated on a marked-to-market basis in accordance with GAAP.

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

"Historical Financial Statements” means as of the Closing Date, (a) the audited
financial statements of Company and its Subsidiaries, for the Fiscal Year ended December 31, 2012
consisting of balance sheets and the related consolidated statements of income, stockholders’
equity and cash flows for such Fiscal Year, and (b) for the interim period from January 1, 2013 to
the Closing Date, internally prepared, unaudited financial statements of Company and its
Subsidiaries, consisting of a balance sheet and the related consolidated statements of income,
stockholders’ equity and cash flows for each quarterly period completed prior to forty-six (46)
days before the Closing Date and for each monthly period completed prior to thirty-one (31) days
prior to the Closing Date, in the case of clauses (a) and (b), certified by the
chief financial officer of Company that they fairly present, in all material respects, the
financial condition of Company and its Subsidiaries as at the dates indicated and the results of
their operations and their cash flows for the periods indicated, subject, if applicable, to changes
resulting from audit and normal year-end adjustments.

"Increased Cost Lenders” has the meaning specified in Section 2.22.

"Indebtedness” means, as applied to any Person, without duplication, (a) all
indebtedness for borrowed money; (b) that portion of obligations with respect to Capital Leases
that is properly classified as a liability on a balance sheet in conformity with GAAP; (c) all
obligations of such Person evidenced by notes, bonds or similar instruments or upon which interest
payments are customarily paid and all obligations in respect of notes payable and drafts accepted
representing extensions of credit whether or not representing obligations for borrowed money; (d)
any obligation owed for all or any part of the deferred purchase price of property or services,
including any earn-outs or other deferred payment obligations in connection with an acquisition to
the extent such earn-outs and deferred payment obligations are fixed and non-contingent (excluding
any such obligations incurred under ERISA and excluding trade payables incurred in the ordinary
course of business and repayable in accordance with customary trade terms); (e) all obligations
created or arising under any conditional sale or other title retention agreement with respect to
property acquired by such Person; (f) all indebtedness secured by any Lien on any property or asset
owned or held by that Person regardless of whether the indebtedness secured thereby shall have been
assumed by that Person or is non-recourse to the credit of that Person; (g) the face amount of any
letter of credit or letter of guaranty issued, bankers’ acceptances facilities, surety bonds and
similar credit transactions issued for the account of that Person or as to which that Person is
otherwise liable for reimbursement of drawings; (h) the direct or indirect guaranty, endorsement
(otherwise than for collection or deposit in the ordinary course of business), co-making,
discounting with recourse or sale with recourse by such Person of the obligation of another; (i)
any obligation of such Person the primary purpose or intent of which is to provide assurance to an
obligee that the obligation of the obligor thereof will be paid or discharged, or any agreement
relating thereto will be complied with, or the holders thereof will be protected (in whole or in
part) against loss in respect thereof; (j) any liability of such Person for an obligation of
another through any agreement (contingent or otherwise) (i) to purchase, repurchase or otherwise
acquire such obligation or any security therefor, or to provide funds for the payment or discharge
of such obligation (whether in the form of loans, advances, stock purchases, capital contributions
or otherwise) or (ii) to maintain the solvency or any balance sheet item, level of income or
financial condition of another if, in the case of any agreement described under subclauses
(i) or (ii) of this clause (j), the primary purpose or intent thereof is as
described in clause (i) above; and (k) all obligations of such Person in respect of any
exchange traded or over the counter derivative transaction, including, without limitation, any
Interest Rate Agreement, whether entered into for hedging or speculative purposes. The
Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture in
which such Person is a general partner or joint venturer, unless such Indebtedness is expressly
non-recourse to such Person.

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

"Indemnified Taxes” has the meaning specified in Section 2.19(a).

"Indemnitee” has the meaning specified in Section 10.3.

"Indemnitee Agent Party” has the meaning specified in Section 9.6.

"Installment” has the meaning specified in Section 2.11(a).

"Installment Date” has the meaning specified in Section 2.11(a).

"Intercompany Subordination Agreement” means that certain Intercompany Subordination
Agreement, dated as of the date hereof, made by the Loan Parties and their Subsidiaries in favor of
Agent for the benefit of the Secured Parties in form and substance reasonably satisfactory to
Agent.

"Insolvency Proceeding” means any proceeding commenced by or against any Person under
any provision of any Debtor Relief Law.

"Interest Payment Date” means with respect to (a) any Base Rate Loan, (i) the first
day of each month, commencing on the first such date to occur after the Closing Date, and (ii) the
final maturity date of such Loan; and (b) any LIBOR Rate Loan, the last day of each Interest Period
applicable to such Loan.

"Interest Period” means, in connection with a LIBOR Rate Loan, an interest period of
one, two or three months, as selected by Company in the applicable Funding Notice or
Conversion/Continuation Notice, (a) initially, commencing on the Credit Date or
Conversion/Continuation Date thereof, as the case may be; and (b) thereafter, commencing on the day
on which the immediately preceding Interest Period expires; provided, (i) if an Interest
Period would otherwise expire on a day that is not a Business Day, such Interest Period shall
expire on the next succeeding Business Day unless no further Business Day occurs in such month, in
which case such Interest Period shall expire on the immediately 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, subject to clauses (b)(iii) and (b)(iv) of this definition, end on the last
Business Day of a calendar month; (iii) no Interest Period with respect to any portion of any Class
of Term Loans shall extend beyond such Class’s Term Loan Maturity Date; and (iv) no Interest Period
with respect to any portion of the Revolving Loans shall extend beyond the Revolving Commitment
Termination Date.

"Interest Rate Agreement” means any interest rate swap agreement, interest rate cap
agreement, interest rate collar agreement, interest rate hedging agreement or other similar
agreement or arrangement, each of which is (a) for the purpose of hedging the interest rate
exposure associated with Company’s and its Subsidiaries’ operations, (b) approved by Agent, and (c)
not for speculative purposes.

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

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

"Inventory” means, with respect to any Person, all of such Person’s now owned and
hereafter existing or acquired goods, wherever located, which (a) are held by such Person for sale;
or (b) consist of raw materials, work in process, finished goods or materials purchased for sale in
its business.

"Inventory Volatility Reserve” means, as of any date of determination, a reserve with
respect to the volatility of the Inventory of the Borrowers in the amount of 2.5% of the Book Value
of Eligible Inventory.

"Investment” means (a) any direct or indirect purchase or other acquisition by Company
or any of its Subsidiaries of, or of a beneficial interest in, any of the Securities or all or
substantially all of the assets of any other Person (or of any division or business line of such
other Person); (b) any direct or indirect redemption, retirement, purchase or other acquisition for
value, by any Subsidiary of Company from any Person of any Capital Stock of such Person; (c) any
direct or indirect loan, advance or capital contributions by Company or any of its Subsidiaries to
any other Person, including all indebtedness and accounts receivable from that other Person that
are not current assets or did not arise from sales to that other Person in the ordinary course of
business; and (d) any direct or indirect Guarantee of any obligations of any other Person. The
amount of any Investment shall be the original cost of such Investment plus the cost of all
additions thereto, without any adjustments for increases or decreases in value, or write ups, write
downs or write offs with respect to such Investment.

"ISP98 Rules” has the meaning specified therefor in Section 2.3(b)(ii).

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

"L/C Fee Rate” means the Applicable Margin with respect to Revolving Loans that are
LIBOR Rate Loans.

"L/C Issuer” means Service Agent or at any time after Service Agent is not a Lender
such other bank satisfying the requirements of an Eligible Assignee, as the Agent, Service Agent
and the Administrative Borrower may reasonably select.

"Lead Arranger” has the meaning specified in the preamble hereto.

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

"Lender” means each lender listed on the signature pages hereto as a Lender, and any
other Person that becomes a party hereto pursuant to an Assignment Agreement other than any Person
that ceases to be a party hereto pursuant to any Assignment Agreement.

"Lender-Provided Hedging Agreement” means a Hedging Agreement which is provided by any
Lender, Agent or any affiliate thereof. The Hedge Liabilities of the Borrowers to the provider of
any Lender-Provided Hedging Agreement shall be Obligations hereunder, guaranteed obligations under
any Guaranty and secured obligations under the Pledge and Security Agreement and otherwise treated
as Obligations for purposes of each of the Loan Documents. The Liens securing the Hedge
Liabilities shall be pari passu with the same Liens that secure all other Obligations under this
Agreement and the Loan Documents but the Persons to whom such Hedge Liabilities are owed shall not
have any right to vote or take any other actions under this Agreement or the other Loan Documents.

"Letter of Credit Application” has the meaning specified therefor in Section
2.3(b)(i).

"Letter of Credit Borrowing” has the meaning specified therefor in Section
2.3(d)(iv).

"Letter of Credit Fees” has the meaning specified therefor in Section 2.10(c).

"Letter of Credit Guaranty” means one or more guaranties by the Service Agent in favor
of the L/C Issuer guaranteeing or relating to the Borrowers’ obligations to the L/C Issuer under a
reimbursement agreement, Letter of Credit Application or other like document in respect of any
Letter of Credit.

"Letter of Credit Obligations” means, at any time and without duplication, the sum of
(a) the Reimbursement Obligations at such time, plus (b) the Maximum Undrawn Amount, plus (c) all
amounts for which the Service Agent may be liable to the L/C Issuer pursuant to any Letter of
Credit Guaranty.

"Letter of Credit Sublimit” means the lesser of (a) $5,000,000, and (b) the aggregate
unused amount of the Revolving Commitments then in effect.

"Letters of Credit” has the meaning specified therefor in Section 2.3(a).

"Leverage Ratio” means the ratio as of the last day of any Fiscal Quarter of (a)
Consolidated Total Debt as of such day, to (b) Consolidated EBITDA for the four Fiscal Quarter
period ending on such date.

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

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

"Loan” means a Term Loan A, a Term Loan B, or a Revolving Loan.

"Loan Account” means an account maintained hereunder by Service Agent on its books of
account at the Payment Office and with respect to Borrowers, in which it will be charged with all
Loans made to, and all other Obligations incurred by the Loan Parties.

"Loan Document” means any of this Agreement, the Notes, if any, the Collateral
Documents, the Fee Letter, the Flow of Funds Agreement, any Guaranty, the Intercompany
Subordination Agreement, any Letter of Credit Application, the Designated Transaction Letter, any
Subordination Agreement and all other documents, instruments or agreements executed and delivered
by a Loan Party for the benefit of Agent, Service Agent or any Lender in connection herewith;
provided that “Loan Document” shall not include any Bank Product Agreement entered into by
the Company or its Subsidiaries with Lenders or their Affiliates.

"Loan Party” means any Borrower or any Guarantor.

"Margin Stock” has the meaning specified in Regulation U of the Board of Governors of
the Federal Reserve System as in effect from time to time.

"Material Adverse Effect” means a material adverse effect on (a) the business
operations, properties, assets, condition (financial or otherwise) or liabilities of Company and
its Subsidiaries taken as a whole; (b) the ability of any Loan Party to fully and timely perform
its obligations under the Loan Documents and the Bank Product Agreements; (c) the legality,
validity, binding effect, or enforceability against a Loan Party of a Loan Document or a Bank
Product Agreement to which it is a party; (d) Collateral or the validity, perfection or priority of
Agent’s Liens on Collateral, in each case with a fair market value in excess of $750,000; or (e)
the rights, remedies and benefits available to, or conferred upon, Agent, Service Agent and any
Lender or any other Secured Party under any Loan Document or any Bank Product Agreement.

"Material Contract” means (a) any contract or other arrangement to which Company or
any of its Subsidiaries is a party (other than the Loan Documents) for which breach,
non-performance, cancellation or failure to renew is reasonably be expected to have a Material
Adverse Effect, (b) any contract or agreement to which Company or any of its Subsidiaries is a
party (including, without limitation, any agreement or instrument evidencing or governing
Indebtedness) involving the aggregate consideration payable to or by Company or such Subsidiary of
$5,000,000 or more in any Fiscal Year (other than (i) purchase orders in the ordinary course of the
business of Company or any of its Subsidiaries and (ii) contracts that by their terms may be
terminated by Company or any of its Subsidiaries in the ordinary course of its business upon less
than 60 days’ notice without penalty or premium) and (c) those contracts and arrangements listed on
Schedule 4.15.

"Material Real Estate Asset” means (a) any fee owned Real Estate Asset acquired after
the Closing Date having a fair market value in excess of $1,500,000 as of the date of the
acquisition thereof, (b) any Real Estate Asset that the Required Lenders have reasonably
determined is material to the business, operations, properties, assets, condition (financial or
otherwise) or prospects of Company and its Subsidiaries taken as a whole, and (c) any fee owned
Real Estate Asset listed on Schedule 3.1(g).

"Maximum Continuing Convertible Note Balance” means $5,000,000.

"Maximum Face Amount” means, with respect to any outstanding Letter of Credit, the
face amount of such Letter of Credit including all automatic increases provided for in such Letter
of Credit, whether or not any such automatic increase has become effective.

"Maximum Undrawn Amount” means, with respect to any outstanding Letter of Credit, the
amount of such Letter of Credit that is or may become available to be drawn, including all
automatic increases provided for in such Letter of Credit, whether or not any such automatic
increase has become effective.

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

"Mortgage” means a mortgage (including, without limitation, a leasehold mortgage),
deed of trust or deed to secure debt, in form and substance satisfactory to Agent, made by a Loan
Party in favor of Agent for the benefit of the Secured Parties, securing the Obligations and
delivered to Agent.

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

"Narrative Report” means, with respect to the financial statements for which such
narrative report is required, (a) a narrative report describing the operations of Company and its
Subsidiaries in the form prepared for presentation to senior management thereof and (b) a financial
report package including management’s discussion and analysis of the financial condition and
results of operations, in each case, for the applicable month, Fiscal Quarter or Fiscal Year and
for the period from the beginning of the then current Fiscal Year to the end of such period to
which such financial statements relate with comparison to and variances from the immediately
preceding period and budget.

"Net Amount of Eligible Accounts Receivable” means the aggregate unpaid invoice amount
of Eligible Accounts Receivable less, without duplication, sales, excise or similar taxes,
returns, discounts, chargebacks, claims, advance payments, credits and allowances of any nature at
any time issued, owing, granted, outstanding, available or claimed with respect to such Eligible
Accounts Receivable.

"Net Liquidation Percentage” shall mean, as of any date of determination, the
percentage of the Book Value of the Loan Parties’ Inventory that is estimated to be recoverable in
an orderly liquidation of such Inventory net of all associated costs and expenses of such
liquidation, such percentage to be as determined from time to time by an appraisal company selected
by the Service Agent.

"Net Proceeds” means (a) with respect to any Asset Sale, an amount equal to: (i) Cash
payments received by Company or any of its Subsidiaries from such Asset Sale, minus
(ii) any bona fide direct costs incurred in connection with such Asset Sale to the extent paid or
payable to non-Affiliates, including (A) income or gains taxes payable by the seller as a result of
any gain recognized in connection with such Asset Sale during the tax period the sale occurs,
(B) payment of the outstanding principal amount of, premium or penalty, if any, and interest on any
Indebtedness (other than the Loans) that is secured by a Lien on the stock or assets in question
and that is required to be repaid under the terms thereof as a result of such Asset Sale, and (C) a
reasonable reserve for any indemnification payments (fixed or contingent) attributable to seller’s
indemnities and representations and warranties to purchaser in respect of such Asset Sale
undertaken by Company or any of its Subsidiaries in connection with such Asset Sale;
provided that upon release of any such reserve, the amount released shall be considered Net
Proceeds; and (b) with respect to any insurance, condemnation, taking or other casualty proceeds,
an amount equal to: (i) any Cash payments or proceeds received by Company or any of its
Subsidiaries (A) under any casualty, business interruption or “key man” insurance policies in
respect of any covered loss thereunder, or (B) as a result of the condemnation or taking of any
assets of Company or any of its Subsidiaries by any Person pursuant to the power of eminent domain,
condemnation or otherwise, or pursuant to a sale of any such assets to a purchaser with such power
under threat of such a taking, minus (ii) (A) any actual and reasonable costs incurred by
Company or any of its Subsidiaries in connection with the adjustment or settlement of any claims of
Company or such Subsidiary in respect thereof, and (B) any bona fide direct costs incurred in
connection with any sale of such assets as referred to in clause (b)(i)(B) of this
definition to the extent paid or payable to non-Affiliates, including income taxes payable as a
result of any gain recognized in connection therewith.

"Non-US Lender” has the meaning specified in Section 2.19(d)(i).

"Note” means a promissory note evidencing the Revolving Loans, the Term Loan A or the
Term Loan B, as applicable.

"Notice” means a Funding Notice or a Conversion/Continuation Notice.

"Obligations” means (a) all obligations of every nature of each Loan Party and its
Subsidiaries from time to time owed to the Agent, (including former Agents), the Service Agent
(including former Service Agents), the Lenders or any of them and L/C Issuer under any Loan
Document, whether for principal, interest (including interest which, but for the filing of a
petition in bankruptcy with respect to such Loan Party, would have accrued on any Obligation,
whether or not a claim is allowed against such Loan Party for such interest in the related
bankruptcy proceeding), reimbursement of amounts drawn under Letters of Credit, fees, the
Prepayment Premium, expenses, indemnification or otherwise and whether primary, secondary, direct,
indirect, contingent, fixed or otherwise (including obligations of performance), and (b) all Bank
Product Obligations; excluding, in each case, any Excluded Swap Obligations.

"OFAC” has the meaning specified in the definition of “Anti-Terrorism Laws”.

"OFAC Sanctions Programs” means (a) the Requirements of Law and Executive Orders
administered by OFAC, including but not limited to, Executive Order No. 13224, and (b) the list of
Specially Designated Nationals and Blocked Persons administered by OFAC, in each case, as renewed,
extended, amended, or replaced.

"Order” has the meaning specified therefor in Section 2.3(j)(ii).

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

"Other Taxes” has the meaning specified in Section 2.19(b).

"Participant Register” has the meaning specified in Section 10.6(h)(ii).

"Participation Commitment” means each Revolving Loan Lender’s obligation to buy a
participation of the Letters of Credit issued hereunder.

"Participation Revolving Loan” has the meaning specified therefor in Section
2.3(d)(iii) hereof.

"PATRIOT Act” has the meaning specified in Section 4.32.

"Payment Office” means Service Agent’s office located at PNC Business Credit –
Operations Center, Two Tower Center Boulevard, East Brunswick, New Jersey 08816 or such other
office or offices of Service Agent as may be designated in writing from time to time by Service
Agent to Agent and Company.

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

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

"Perfection Certificate” means a certificate in form satisfactory to Agent that
provides information with respect to the assets of each Loan Party.

"Permitted Acquisition” means any acquisition by any Loan Party, whether by purchase,
merger or otherwise, of all or substantially all of the assets of, all of the Capital Stock of, or
a business line or unit or a division of, any Person; provided,

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

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

(c) in the case of the acquisition of Capital Stock, not less than 50.1% of the
Capital Stock acquired or otherwise issued by such Person and 100% of the Capital Stock of any
newly formed Subsidiary of Company formed in connection with such acquisition shall be owned by
Company or another Loan Party thereof, and Company shall have taken, or caused to be taken, as of
the date such Person becomes a Subsidiary of Company, each of the actions set forth in Section
5.10 and/or Section 5.11, as applicable;

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

(e) Company shall have delivered to Agent at least 15 days prior to such proposed
acquisition, (i) a Compliance Certificate evidencing compliance with Section 6.8 as
required under clause (d) above, together with all relevant financial information with
respect to such acquired assets, including, without limitation, the aggregate consideration for
such acquisition and any other information required to demonstrate compliance with Section
6.8, (ii) in the case of an acquisition for which the purchase price is greater than
$10,000,000, a quality of earnings report, prepared by a third party reasonably acceptable to
Agent, with respect to the Persons to be acquired and the acquired assets, (iii) the most recently
available two (2) years of financial statements of the Persons to be acquired (including audited
financial statements to the extent they are made available by the seller or sellers or are required
pursuant to GAAP or the applicable rules and regulations of the Securities and Exchange Commission
as in effect from time to time) and/or owner (to the extent they are made available by the owner)
of the acquired assets, and (iv) financial statements of the Persons to be acquired and/or owner
(to the extent they are made available by the owner) of the acquired assets for the period from the
beginning of the then current fiscal year to the end of the most recently completed quarter for
which financial statements are available, setting forth in comparative form the corresponding
figures for the corresponding periods of the previous fiscal year;

(f) Company shall have delivered to Agent at least (i) 10 Business Days prior to
such proposed acquisition, an executed commitment letter or a term sheet (setting forth in
reasonable detail the terms and conditions of such acquisition), if available, and, at the request
of any Agent, such other information and documents that Agent may request, including, without
limitation, executed counterparts, if available, or current drafts of the respective agreements,
instruments or other documents pursuant to which such acquisition is to be consummated (including,
without limitation, any related management, non-compete, employment, option or other material
agreements), any schedules to such agreements, instruments or other documents and all other
material ancillary agreements, instruments or other documents to be executed or delivered in
connection therewith and (ii) 1 Business Day prior to the closing of such proposed acquisition,
executed counterparts of the respective agreements, instruments or other documents pursuant to
which such acquisition is to be consummated (including, without limitation, any related management,
non-compete, employment, option or other material agreements), any schedules to such agreements,
instruments or other documents and all other material ancillary agreements, instruments or other
documents to be executed or delivered in connection therewith;

(g) any Person or assets or division as acquired in accordance herewith (i) shall be
in same business or lines of business in which Company and/or its Subsidiaries are engaged as of
the Closing Date or such other business permitted by Section 6.13 hereof and (ii) for the
four quarter period most recently ended prior to the date of such acquisition, shall have generated
earnings before income taxes, depreciation, and amortization during such period (calculated giving
pro forma effect to the acquisition) that shall be a positive amount, with adjustments subject to
the Required Lenders’ satisfaction;

(h) the acquisition shall have been approved by the Board of Directors or other
governing body or controlling Person of the Person acquired or the Person from whom such assets or
division is acquired;

(i) after giving effect to such acquisition, Cash and Cash Equivalents of Company
and its Subsidiaries plus Availability shall be at least $10,000,000; and

(j) the purchase consideration payable in respect of all Permitted Acquisitions
(including the proposed acquisition and including deferred payment obligations) shall not exceed
$10,000,000 in the aggregate; provided, that the purchase consideration (including earn-outs and
deferred payment obligations) payable in respect of any single acquisition or series of related
acquisitions shall not exceed $5,000,000 in the aggregate.

"Permitted Indebtedness” means:

(a) the Obligations;

(b) Indebtedness of any Guarantor Subsidiary to Company or to any other Guarantor Subsidiary,
or of Company to any Guarantor Subsidiary; provided, (i) all such Indebtedness shall be
evidenced by promissory notes and all such notes shall be subject to a First Priority Lien pursuant
to the Pledge and Security Agreement and (ii) all such Indebtedness shall be unsecured and
subordinated in right of payment to the payment in full of the Obligations pursuant to the terms of
the Intercompany Subordination Agreement;

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

(d) Indebtedness which may be deemed to exist pursuant to any guaranties, performance, surety,
statutory, appeal or similar obligations incurred in the ordinary course of business and
Indebtedness constituting guaranties in the ordinary course of business of the obligations of
suppliers, customers, franchisees and licensees of Company and its Subsidiaries;

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

(f) Indebtedness described in Schedule 6.1 (excluding any Indebtedness of the type
described in clause (i) of the definition of Permitted Indebtedness), but not any extensions,
renewals or replacements of such Indebtedness except (i) renewals and extensions expressly provided
for in the agreements evidencing any such Indebtedness as the same are in effect on the date of
this Agreement, and (ii) refinancings and extensions of any such Indebtedness if the terms and
conditions thereof are not less favorable to the obligor thereon or to the Lenders than the
Indebtedness being refinanced or extended (except that the interest rate on such Indebtedness shall
be at the then prevailing market rate), and the average life to maturity thereof is greater than or
equal to that of the Indebtedness being refinanced or extended; provided, such Indebtedness
permitted under the immediately preceding clause (i) or (ii) above shall not (A)
include Indebtedness of an obligor that was not an obligor with respect to the Indebtedness being
extended, renewed or refinanced, (B) exceed in a principal amount the Indebtedness being renewed,
extended or refinanced, or (C) be incurred, created or assumed if any Default or Event of Default
has occurred and is continuing or would result therefrom;

(g) Trade Deposits to the extent constituting Indebtedness;

(h) the Subordinated Indebtedness existing on the Closing Date;

(i) Indebtedness in an aggregate amount not to exceed at any time $22,500,000 with respect to
(A) Capital Leases and (B) purchase money Indebtedness (including any Indebtedness acquired in
connection with a Permitted Acquisition); provided that any such Indebtedness shall be
secured only by the asset subject to such Capital Lease or by the asset acquired in connection with
the incurrence of such Indebtedness; and

(j) other Indebtedness of Company and its Subsidiaries which is unsecured and subordinated to
the Obligations in a manner satisfactory to Agent in an aggregate amount not to exceed at any time
$10,000,000.

"Permitted Investments” means:

(a) Investments in Cash and Cash Equivalents;

(b) equity Investments owned as of the Closing Date in any Subsidiary and Investments made
after the Closing Date in any Loan Party;

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

(d) intercompany loans to the extent permitted under clause (b) of the definition of
Permitted Indebtedness;

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

(f) loans and advances to employees of Company and its Subsidiaries (i) made in the ordinary
course of business and described on Schedule 6.6, and (ii) any refinancings of such loans
after the Closing Date in an aggregate amount not to exceed $500,000 at any time outstanding;

(g) Permitted Acquisitions permitted pursuant to Section 6.9;

(h) Investments arising in connection with Bank Product Agreements and Interest Rate
Agreements;

(i) Guaranties permitted by Section 6.1;

(j) Investments described in Schedule 6.7; and

(k) other Investments in an aggregate amount not to exceed at any time $1,500,000.

"Permitted Liens” means:

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

(b) Liens for Taxes (other than Liens for United States Taxes that have priority over Agent’s
Liens) if obligations with respect to such Taxes are being contested in good faith by appropriate
proceedings promptly instituted and diligently conducted and reserves required by GAAP have been
made, so long as the aggregate amount of such Taxes does not exceed $300,000;

(c) statutory Liens of landlords, banks (and rights of set off), of carriers, warehousemen,
mechanics, repairmen, workmen and materialmen, and other Liens imposed by law (other than any such
Lien imposed pursuant to Section 401 (a)(29) or 412(n) of the Internal Revenue Code or by ERISA),
in each case incurred in the ordinary course of business for amounts not yet overdue;

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

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

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

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

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

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

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

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

(l) Liens described in Schedule 6.2 or on a title report delivered pursuant to
Section 3.1(g)(iii);

(m) Liens securing purchase money Indebtedness permitted pursuant to clause (i) of the
definition of Permitted Indebtedness; provided, any such Lien shall encumber only the asset
subject to such Capital Lease or the asset acquired with the proceeds of such Indebtedness; so long
as the aggregate amount of such Indebtedness at any time outstanding does not exceed $22,500,000;
and

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

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

"Phase I Report” means, with respect to any Real Property, a report that (a) conforms
to the ASTM Standard Practice for Environmental Site Assessments: Phase I Environmental Site
Assessment Process, E 1527, (b) was conducted no more than one year prior to the date such report
is required to be delivered hereunder, by one or more environmental consulting firms reasonably
satisfactory to Agent, (c) includes an assessment of asbestos containing materials at such Real
Property, and (d) is accompanied by (i) an estimate of the reasonable worst case cost of
investigating and remediating any Hazardous Materials Activity identified in the Phase I Report as
giving rise to an actual or potential material violation of any Environmental Law or as presenting
a material risk of giving rise to a material Environmental Claim, and (ii) a current compliance
audit setting forth an assessment of Company’s, its Subsidiaries’ and such Real Property’s current
and past compliance with Environmental Laws and an estimate of the cost of rectifying any
non-compliance with current Environmental Laws identified therein and the cost of compliance with
reasonably anticipated future Environmental Laws identified therein.

"Pledge and Security Agreement” means the Pledge and Security Agreement executed by
Grantors in favor of Agent for the benefit of the Secured Parties, substantially in the form of
Exhibit H, as it may be amended, supplemented or otherwise modified from time to time.

"Prepayment Premium” has the meaning specified in Section 2.12(d).

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

"Proceeds” means (a) all “proceeds” (as defined in Article 9 of the UCC) with respect
to the Collateral and (b) whatever is recoverable or recovered when any Collateral is sold,
exchanged, collected, or disposed of, whether voluntarily or involuntarily.

"Projections” has the meaning specified in Section 4.8.

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

"Protective Advances” has the meaning specified in Section 2.2(c).

"Published Rate” means the rate of interest published each Business Day in the Wall
Street Journal “Money Rates” listing under the caption “London Interbank Offered Rates” for a one
month period (or, if no such rate is published therein for any reason, then the Published Rate
shall be the Adjusted LIBOR Rate for a 1 month period as published in another publication selected
by the Service Agent).

"Qualified Cash” means, as of any date of determination, the amount of unrestricted
Cash and Cash Equivalents of the Loan Parties that is in Deposit Accounts or in Securities
Accounts, or any combination thereof, which such Deposit Account or Securities Account is subject
to a Control Agreement and is maintained by a branch office of the bank or securities intermediary
located within the United States.

"Qualified ECP Guarantor” means, in respect of any Swap Obligation, each Loan Party
that has total assets exceeding $10,000,000 at the time the relevant Guaranty or grant of the
relevant security interest becomes effective with respect to such Swap Obligation or such other
person as constitutes an “eligible contract participant” under the Commodity Exchange Act or any
regulations promulgated thereunder and can cause another person to qualify as an “eligible contract
participant” at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the
Commodity Exchange Act.

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

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

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

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

"Reduction” has the meaning specified in Section 2.11(b).

"Reduction Date” has the meaning specified in Section 2.11(b).

"Reference Bank” means PNC Bank, National Association, its successors or any other
commercial bank that is a member of the Federal Reserve System with a combined capital and surplus
and undivided profits of not less than $500,000,000 designated by the Service Agent to the
Administrative Borrower from time to time.

"Register” has the meaning specified in Section 2.6(b).

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

"Reimbursement Obligations” has the meaning specified therefor in Section
2.3(d)(ii).

"Reinvestment Amounts” has the meaning specified term in Section 2.13(a).

"Related Agreements” means, collectively, all documents or agreements evidencing the
Subordinated Indebtedness.

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

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

"Remedial Action” means all actions taken to (a) correct or address any actual or
threatened non-compliance with Environmental Law, (b) clean up, remove, remediate, contain, treat,
monitor, assess, evaluate or in any other way address Hazardous Materials in the Environment; (c)
prevent or minimize a Release or threatened Release of Hazardous Materials so they do not migrate
or endanger or threaten to endanger public health or welfare or the Environment; (d) perform
pre-remedial studies and investigations and post-remedial operation and maintenance activities; or
(e) perform any other actions authorized or required by Environmental Law or Governmental
Authority.

"Replacement Lender” has the meaning specified in Section 2.22.

"Required Class Lenders” means, at any time of determination, but subject to the
provisions of Section 2.21, (a) for the Class of Lenders having Term Loan A Exposure,
Lenders whose Pro Rata Share (calculated in accordance with clause (a) of the definition thereof),
aggregate at least 50.1%; (b) for the Class of Lenders having Term Loan B Exposure, Lenders whose
Pro Rata Share (calculated in accordance with clause (b) of the definition thereof), aggregate at
least 50.1%; and (c) for the Class of Lenders having Revolving Exposure, Lenders whose Pro Rata
Share (calculated in accordance with clause (c) of the definition thereof), aggregate at least
50.1%.

"Required Lenders” means, collectively, (a) Term Loan Lenders constituting 50.1% of
the sum of (i) the Term Loan A Exposure and (ii) the Term Loan B Exposure and (b) Revolving Lenders
constituting 50.1% of the Revolving Exposure.

"Required Prepayment Date” has the meaning specified in Section 2.14(c).

"Requirements of Law” means, with respect to any Person, collectively, the common law
and all federal, state, provincial, local, foreign, multinational or international laws, statutes,
codes, treaties, standards, rules and regulations, guidelines, ordinances, orders, judgments,
writs, injunctions, decrees (including administrative or judicial precedents or authorities) and
the interpretation or administration thereof by, and other determinations, directives, requirements
or requests of, any Governmental Authority, in each case that are applicable to or binding upon
such Person or any of its property or to which such Person or any of its property is subject.

"Restricted Junior Payment” means (a) any dividend or other distribution, direct or
indirect, on account of any shares of any class of Capital Stock of Company or its Subsidiaries now
or hereafter outstanding, except (i) a dividend payable solely in shares of that class of Capital
Stock to the holders of that class or (ii) a dividend or distribution to a Loan Party; (b) any
redemption, retirement, sinking fund or similar payment, purchase or other acquisition for value,
direct or indirect, of any shares of any class of Capital Stock of Company or any of its
Subsidiaries now or hereafter outstanding other than any such payment to, or purchase or
acquisition from, a Loan Party; (c) any payment made to retire, or to obtain the surrender of, any
outstanding warrants, options or other rights to acquire shares of any class of Capital Stock of
Company or any of its Subsidiaries that is not a Loan Party now or hereafter outstanding other than
any such payment to a Loan Party; (d) management or similar fees (and related expenses) payable to
any Affiliate of any Loan Party; and (e) any payment or prepayment of principal of, premium, if
any, or interest on, or redemption, purchase, retirement, defeasance (including in substance or
legal defeasance), sinking fund or similar payment with respect to, any Subordinated Indebtedness.

"Revolver Priority Collateral” means (a) Inventory (including rights in all returned
or repossessed Inventory) of each Loan Party, (b) Accounts of each Loan Party that arise from the
sale, leasing, assignment or other disposition of Inventory or the rendition of services, or from
the licensing of, or similar arrangements relating to, patents, trademarks, copyrights and other
intellectual property in the ordinary course of business, (c) Collateral Records, (d) deposit
accounts (as defined in the UCC) and all amounts therein (other than amounts therein constituting
identifiable Proceeds of Term Priority Collateral) of any Loan Party, (e) to the extent evidencing
or relating to any of the foregoing, supporting obligations, chattel paper, letter of credit
rights, general intangibles, payment intangibles, documents and instruments (as each such term is
defined in the UCC), (f) to the extent arising from the foregoing, commercial tort claims, and (g)
all Proceeds and products (whether tangible or intangible) of the foregoing, including Proceeds of
insurance covering any or all of the foregoing, in each case to the extent they relate to clauses
(a) through (f) above. For the avoidance of doubt, Revolver Priority Collateral shall not include
(i) patents, trademarks, copyrights, other intellectual property or any other asset acquired with
cash proceeds thereof except to the extent such asset acquired is described in clauses (a) through
(f) above, (ii) proceeds of business interruption insurance, and (iii) Proceeds of Revolving Loans
(other than such Proceeds constituting Collateral described in clauses (a) through (f) above).

"Revolver Priority Collateral Proceeds” means the Proceeds of Revolver Priority
Collateral.

"Revolving Commitment” means the commitment of a Lender to make or otherwise fund any
Revolving Loan and “Revolving Commitments” means such commitments of all Lenders in the aggregate.
The amount of each Lender’s Revolving Commitment, if any, is set forth on Appendix A-3 or
in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the
terms and conditions hereof. The aggregate amount of the Revolving Commitments as of the Closing
Date is $65,000,000.

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

"Revolving Commitment Termination Date” means the earliest to occur of (a)  November
21, 2019; (b) September 1, 2014 in the event that (i) the outstanding principal balance of the
Existing Convertible Notes is greater than the Maximum Continuing Convertible Note Balance on
August 1, 2014 or (ii) if the Existing Convertible Notes have not been satisfied in full, all
rights of the holders thereof to require a redemption of the Existing Convertible Notes after June
30, 2014 have not been extended to May 21, 2020 or a later date on or before August 1, 2014, (c)
the date the Revolving Commitments are permanently reduced to zero pursuant to Section
2.12(b) or 2.13; and (d) the date of the termination of the Revolving Commitments
pursuant to Section 8.1.

"Revolving Exposure” means, with respect to any Lender as of any date of
determination, (a) prior to the termination of the Revolving Commitments, that Lender’s Revolving
Commitment; and (b) after the termination of the Revolving Commitments, the sum of (i) the
aggregate outstanding principal amount of the Revolving Loans of that Lender, and (ii) the
interests of such Lender in outstanding Letter of Credit Obligations.

"Revolving Loan” means a Loan made by a Lender to Company pursuant to Section
2.2(a).

"Revolving Loan Lender” means a Lender with a Revolving Commitment or a Revolving
Loan.

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

"Secured Parties” means the Agent, the Service Agent, the L/C Issuer, the Bank Product
Providers and the Lenders and shall include, without limitation, all former Agents, Service Agents,
L/C Issuers, Bank Product Providers and Lenders to the extent that any Obligations owing to such
Persons were incurred while such Persons were Agents, Service Agents, L/C Issuers, Bank Product
Providers or Lenders and such Obligations have not been paid or satisfied in full.

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

"Securities Account” means a securities account (as defined in the UCC).

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

"Service Agent” has the meaning specified in the preamble hereto.

"Service Agent’s Account” means an account at a bank designated by Service Agent from
time to time as the account into which the Loan Parties shall make all payments to Service Agent
under this Agreement and the other Loan Documents.

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

"Specified Term Priority Collateral” means all Real Estate Assets and Equipment of the
Loan Parties, and all Proceeds and products, including Proceeds of insurance, of such assets

"Subject Transaction” has the meaning specified in Section 6.8(c).

"Subordinated Indebtedness” means (a) Indebtedness and other obligations outstanding
under (i) that certain Seller Note, dated as of January 31, 2011, issued by the Company in favor of
The Harry Goodman Trust in the original principal amount of $1,777,509.00, (ii) that certain Seller
Note, dated as of January 31, 2011, issued by the Company in favor of Michael M. Goodman in the
original principal amount of $592,503.00, and (iii) that certain Seller Note, dated as of January
31, 2011, issued by the Company in favor of Timothy G. Sampson in the original principal amount of
$592,503.00; (b) Indebtedness and other obligations outstanding under (i) that certain consolidated
Note, dated as of June 30, 2010, issued by Metalico Youngstown, Inc. in favor of The Revocable
Trust of Harold L. Wilhelm, in the original principal amount of $1,398,136.73, and (ii) that
certain consolidated Note, dated as of June 30, 2010, issued by Metalico Youngstown, Inc. in favor
of Joanne L. Wilhelm, in the original principal amount of $121,577.11; and (c) Indebtedness and
other obligations outstanding under the Existing Convertible Notes.

"Subordination Agreements” means the (a) Subordination Agreement, dated as of the
Closing Date, by and among the Agent, The Harry Goodman Trust, Michael M. Goodman and Timothy G.
Sampson, (b) Subordination Agreement, dated as of the Closing Date, by and among the Agent, The
Revocable Trust of Harold L. Wilhelm and Joanne L. Wilhelm, and (c) Subordination Agreement, dated
as of May 1, 2008, by the holders of the Existing Convertible Notes.

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

"Swap Obligation” means, with respect to any Guarantor, any obligation to pay or
perform under any agreement, contract or transaction that constitutes a “swap” within the meaning
of section 1a(47) of the Commodity Exchange Act.

"Tax” means any present or future tax, levy, impost, duty, assessment, charge, fee,
deduction or withholding of any nature and whatever called, by whomsoever, on whomsoever and
wherever imposed, levied, collected, withheld or assessed and all interest, penalties, additions to
tax or other liabilities with respect thereto.

"Term Loan” means a Term Loan A and a Term Loan B.

"Term Loan A” means a Term Loan A made by a Lender to Borrowers pursuant to
Section 2.1(a)(i).

"Term Loan A Commitment” means the commitment of a Lender to make or otherwise fund a
Term Loan A and “Term Loan A Commitments” means such commitments of all Lenders in the aggregate.
The amount of each Lender’s Term Loan A Commitment, if any, is set forth on Appendix A-1 or
in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the
terms and conditions hereof. The aggregate amount of the Term Loan A Commitments as of the Closing
Date is $37,000,000.

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

"Term Loan A Maturity Date” means the earliest of (a) November 21, 2019, (b) September
1, 2014 in the event that (i) the outstanding principal balance of the Existing Convertible Notes
is greater than the Maximum Continuing Convertible Note Balance on August 1, 2014 or (ii) if the
Existing Convertible Notes have not been satisfied in full, all rights of the holders thereof to
require a redemption of the Existing Convertible Notes after June 30, 2014 have not been extended
to May 21, 2020 or a later date on or before August 1, 2014, and (c) the date that the Term Loan A
shall become due and payable in full hereunder, whether by acceleration or otherwise.

"Term Loan B” means a Term Loan B made by a Lender to Borrowers pursuant to
Section 2.1(a)(ii).

"Term Loan B Commitment” means the commitment of a Lender to make or otherwise fund a
Term Loan B and “Term Loan B Commitments” means such commitments of all Lenders in the aggregate.
The amount of each Lender’s Term Loan B Commitment, if any, is set forth on Appendix A-2 or
in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the
terms and conditions hereof. The aggregate amount of the Term Loan B Commitments as of the Closing
Date is $23,000,000.

"Term Loan B Exposure” means, with respect to any Lender, as of any date of
determination, the sum of (i) the outstanding principal amount of the Term Loan B of such Lender
and (ii) such Lender’s Term Loan B Commitment.

"Term Loan B Maturity Date” means the earliest of (a) November 21, 2019, (b) September
1, 2014 in the event that (i) the outstanding principal balance of the Existing Convertible Notes
is greater than the Maximum Continuing Convertible Note Balance on August 1, 2014 or (ii) if the
Existing Convertible Notes have not been satisfied in full, all rights of the holders thereof to
require a redemption of the Existing Convertible Notes after June 30, 2014 have not been extended
to May 21, 2020 or a later date on or before August 1, 2014, and (c) the date that the Term Loan B
shall become due and payable in full hereunder, whether by acceleration or otherwise.

"Term Loan B Commitment Period” means the time period commencing on the Closing Date
through and including the Term Loan B Commitment Termination Date.

"Term Loan B Commitment Termination Date” means the earliest to occur of (a) the date
the Term Loan B Commitments are permanently reduced to zero pursuant to Section 2.13, (b)
the date the outstanding principal balance of the Existing Convertible Notes is reduced to zero,
(c) the date of the termination of the Term Loan B Commitments pursuant to Section 8.1, and
(d) August 1, 2014.

"Term Loan Commitment” means the Term Loan A Commitment or the Term Loan B Commitment
of a Lender, and “Term Loan Commitments” means such commitments of all Lenders.

"Term Loan Lender” means a Lender with a Term Loan.

"Term Loan Maturity Date” means the Term Loan A Maturity Date or the Term Loan B
Maturity Date.

"Term Priority Collateral” means all Collateral other than Revolver Priority
Collateral.

"Term Priority Collateral Proceeds” means the Proceeds of the Term Priority
Collateral.

"Terminated Lender” has the meaning specified in Section 2.22.

"Title Policy” has the meaning specified in Section 3.1(g)(iii).

"TSL” has the meaning specified in the preamble hereto.

"Total Revolving Usage” means, as at any date of determination, the sum of (a) the
aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for
the purpose of reimbursing the L/C Issuer for any amount drawn under any Letter of Credit, but not
yet so applied), and (b) the Letter of Credit Obligations.

"Trade Deposit” means a payment received by a Loan Party from a Person other than a
Loan Party in the ordinary course of business for the purpose of acquiring materials to be
processed into goods to be delivered to or at the direction of such Person at a future date.

"Transaction Costs” means the fees, costs and expenses payable by Company or any of
its Subsidiaries on or before the Closing Date in connection with the transactions contemplated by
the Loan Documents, to the extent approved in writing by Agent.

"Type of Loan” means with respect to either Term Loans or Revolving Loans, a Base Rate
Loan or a LIBOR Rate Loan.

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

	 	 	 
	“UCP 600” has the meaning specified therefor in Section 2.3(b)(ii).

	 

	“Waivable Mandatory Prepayment” has the meaning specified in Section 2.14(c).

	 

	“Yield Maintenance Premium” has the meaning specified in Section 2.12(c).

	 

	Section 1.2

	 	Accounting and Other Terms.
	
 
	 	 

(a) Except as otherwise expressly provided herein, all accounting terms not
otherwise defined herein shall have the meanings assigned to them in conformity with GAAP.
Financial statements and other information required to be delivered by Company to Lenders pursuant
to Section 5.1(a), 5.1(b) and 5.1(c) shall be prepared in accordance with
GAAP as in effect at the time of such preparation (and delivered together with the reconciliation
statements provided for in Section 5.1(e), if applicable). Subject to the foregoing,
calculations in connection with the definitions, covenants and other provisions hereof shall
utilize accounting principles and policies in conformity with those used to prepare the Historical
Financial Statements. Notwithstanding the foregoing, for purposes of determining compliance with
any covenant (including the computation of any financial covenant) contained herein, Indebtedness
of Company and its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal
amount thereof, and the effects of FASB ASC 825 and FASB ASC 470-20 on financial liabilities shall
be disregarded.

(b) All terms used in this Agreement which are defined in Article 8 or Article 9 of
the UCC as in effect from time to time in the State of New York and which are not otherwise defined
herein shall have the same meanings herein as set forth therein, provided that terms used
herein which are defined in the UCC as in effect in the State of New York on the date hereof shall
continue to have the same meaning notwithstanding any replacement or amendment of such statute
except as Agent may otherwise determine.

Section 1.3 Interpretation, etc. Any of the terms defined herein may,
unless the context otherwise requires, be used in the singular or the plural, depending on the
reference. References herein to any Section, Appendix, Schedule or Exhibit shall be to a Section,
an Appendix, a Schedule or an Exhibit, as the case may be, hereof unless otherwise specifically
provided. The use herein of the word “include” or “including,” when following any general
statement, term or matter, shall not be construed to limit such statement, term or matter to the
specific items or matters set forth immediately following such word or to similar items or matters,
whether or not no limiting language (such as “without limitation” or “but not limited to” or words
of similar import) is used with reference thereto, but rather shall be deemed to refer to all other
items or matters that fall within the broadest possible scope of such general statement, term or
matter. The words “asset” and “property” shall be construed to have the same meaning and effect
and to refer to any right or interest in or to assets and properties of any kind whatsoever,
whether real, personal or mixed and whether tangible or intangible. The use herein of the word
“issue” or “issuance” with respect to any Letter of Credit shall be deemed to include any
amendment, extension renewal or replacement thereof. Any reference herein or in any other Loan
Document to the satisfaction, repayment, or payment in full of the Obligations or Guaranteed
Obligations shall mean (a) the payment or repayment in full in immediately available funds of (i)
the principal amount of, and interest accrued and unpaid with respect to, all outstanding Loans,
together with the payment of any premium applicable to the repayment of the Loans, (ii) all costs,
expenses, or indemnities payable pursuant to Section 10.2 or 10.3 of this Agreement
that have accrued and are unpaid regardless of whether demand has been made therefor, (iii) all
fees or charges that have accrued hereunder or under any other Loan Document and are unpaid, (b) in
the case of obligations with respect to Bank Products, providing Bank Product Collateralization,
(c) the receipt by L/C Issuer of cash collateral in an amount equal to 105% of the aggregate
undrawn amount of all outstanding Letters of Credit, (d) the receipt by Agent of cash collateral in
order to secure any other contingent Obligations for which a claim or demand for payment has been
made on or prior to such time or in respect of matters or circumstances known to Agent, Service
Agent or a Lender at such time that are reasonably expected to result in any loss, cost, damage, or
expense (including attorneys’ fees and legal expenses), such cash collateral to be in such amount
as Agent and Service Agent reasonably determine is appropriate to secure such contingent
Obligations, (e) the payment or repayment in full in immediately available funds of all other
outstanding Obligations other than any Bank Product Obligations that, at such time, are allowed by
the applicable Bank Product Provider to remain outstanding without being required to be repaid or
cash collateralized, and (f) the termination of all of the Commitments of the Lenders.
Notwithstanding anything in the Agreement to the contrary, (A) the Dodd-Frank Wall Street Reform
and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued
in connection therewith and (B) all requests, rules, guidelines or directives concerning capital
adequacy promulgated by the Bank for International Settlements, the Basel Committee on Banking
Supervision (or any successor or similar authority) or the United States or foreign regulatory
authorities shall, in each case, be deemed to be enacted, adopted, issued, phased in or effective
after the date of this Agreement regardless of the date enacted, adopted, issued, phased in or
effective.

Section 1.4 Time References. Unless otherwise indicated herein, all
references to time of day refer to Eastern Standard Time or Eastern daylight saving time, as in
effect in New York City on such day. For purposes of the computation of a period of time from a
specified date to a later specified date, the word “from” means “from and including” and the words
“to” and “until” each means “to but excluding”; provided, however, that with
respect to a computation of fees or interest payable to Agent, Service Agent, any Lender or L/C
Issuer, such period shall in any event consist of at least one full day.

ARTICLE II

LOANS AND LETTERS OF CREDIT

Section 2.1 Term Loans.

(a) Loan Commitments. Subject to the terms and conditions hereof,

(i) each Lender severally agrees to make, on the Closing Date, a Term Loan A to
Borrowers in an amount equal to such Lender’s Term Loan A Commitment; and

(ii) each Lender severally agrees to make, after the Closing Date and at any time
prior to the Term Loan B Commitment Termination Date, one or more Term Loan Bs to Borrowers in an
aggregate amount equal to such Lender’s Term Loan B Commitment.

Borrowers may make only one borrowing under the Term Loan A Commitment which shall be on the
Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or
prepaid may not be reborrowed. Subject to Section 2.11(a) and Section 2.12, all
amounts owed hereunder with respect to the Term Loan A and the Term Loan B shall be paid in full no
later than the Term Loan A Maturity Date and the Term Loan B Maturity Date, respectively. Each
Lender’s Term Loan A Commitment shall terminate immediately and without further action on the
Closing Date after giving effect to the funding of such Lender’s Term Loan A Commitment, if any, on
such date. Each Lender’s Term Loan B Commitment shall be permanently reduced immediately and
without further action upon the funding of each Term Loan B after the Closing Date in an amount
equal to such Lender’s Pro Rata Share (calculated in accordance with clause (b) of the definition
thereof) of such funded Term Loan B. Each Lender’s Term Loan B Commitment shall terminate
immediately and without further action on the earlier to occur of (i) the Term Loan B Maturity Date
and (ii) the Term Loan B Commitment Termination Date after giving effect to the funding of such
Lender’s Term Loan B Commitment, if any, on such date.

(b) Borrowing Mechanics for Term Loans.

(i) Administrative Borrower shall deliver to Service Agent a fully executed Funding
Notice no later than three Business Days prior to the Closing Date. Following the Closing Date,
whenever Borrowers desire that Lenders make Term Loans, Administrative Borrower shall deliver to
Service Agent a fully executed and delivered Funding Notice no later than 10:00 a.m. (New York City
time) at least three Business Days in advance of the proposed Credit Date in the case of a LIBOR
Rate Loan, and at least one Business Day in advance of the proposed Credit Date in the case of a
Term Loan that is a Base Rate Loan. Except as otherwise provided herein, a Funding Notice for a
Term Loan shall be irrevocable on and after the date of receipt by the Service Agent, and Borrowers
shall be bound to make a borrowing in accordance therewith. Promptly upon receipt by Service Agent
of any Funding Notice, Service Agent shall notify each Lender of the proposed borrowing. Service
Agent and Lenders (A) may act without liability upon the basis of written, facsimile or telephonic
notice believed by Service Agent in good faith to be from Administrative Borrower (or from any
Authorized Officer thereof designated in writing purportedly from Administrative Borrower to
Service Agent), (B) shall be entitled to rely conclusively on any Authorized Officer’s authority to
request a Term Loan on behalf of Borrowers until Service Agent receives written notice to the
contrary, and (C) shall have no duty to verify the authenticity of the signature appearing on any
written Funding Notice.

(ii) Each Lender shall make its Term Loan A and/or Term Loan B, as the case may be,
available to Service Agent not later than 12:00 p.m. (New York City time) on the applicable Credit
Date, by wire transfer of same day funds in Dollars, at Service Agent’s Principal Office. Upon
satisfaction or waiver of the conditions precedent specified herein, Service Agent shall make the
proceeds of the Term Loans available to Borrowers on the applicable Credit Date by causing an
amount of same day funds in Dollars equal to the proceeds of all such Loans received by Service
Agent from Lenders to be credited to the account of Company at Service Agent’s Principal Office or
to such other account as may be designated in writing to Service Agent by Administrative Borrower.

(c) During the Term Loan B Commitment Period, drawings under the Term Loan B
Commitments shall be (i) made in an aggregate minimum amount of $2,000,000, (ii) made on not more
than four (4) different dates, and (iii) only drawn in order to repay or redeem Indebtedness
identified by the Borrowers to the Agent and the Lenders in writing prior to the Closing Date.

Section 2.2 Revolving Loans.

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

(b) Borrowing Mechanics for Revolving Loans.

(i) Except pursuant to Section 2.3(e), Revolving Loans that are Base Rate
Loans shall be made in an aggregate minimum amount of $100,000 and integral multiples of $100,000
in excess of that amount, and Revolving Loans that are LIBOR Rate Loans shall be in an aggregate
minimum amount of $500,000 and integral multiples of $100,000 in excess of that amount.

(ii) Whenever Borrowers desire that Lenders make Revolving Loans, Administrative
Borrower shall deliver to Service Agent a fully executed and delivered Funding Notice no later than
10:00 a.m. (New York City time) at least three Business Days in advance of the proposed Credit Date
in the case of a LIBOR Rate Loan, and at least one Business Day in advance of the proposed Credit
Date in the case of a Revolving Loan that is a Base Rate Loan. Except as otherwise provided
herein, a Funding Notice for a Revolving Loan shall be irrevocable on and after the receipt thereof
by the Service Agent, and Company shall be bound to make a borrowing in accordance therewith.

(iii) Notice of receipt of each Funding Notice in respect of Revolving Loans,
together with the amount of each Lender’s Pro Rata Share thereof, if any, together with the
applicable interest rate, shall be provided by Service Agent to each applicable Lender by facsimile
or email with reasonable promptness, but (provided Service Agent shall have received such notice by
10:00 a.m. (New York City time)) not later than 2:00 p.m. (New York City time) on the same day as
Service Agent’s receipt of such Notice from Administrative Borrower.

(iv) Each Lender shall make the amount of its Revolving Loan available to Service
Agent not later than 12:00 p.m. (New York City time) on the applicable Credit Date by wire transfer
of same day funds in Dollars, at Service Agent’s Principal Office. Except as provided herein, upon
satisfaction or waiver of the conditions precedent specified herein, Service Agent shall make the
proceeds of such Revolving Loans available to Borrowers on the applicable Credit Date by causing an
amount of same day funds in Dollars equal to the proceeds of all such Revolving Loans received by
Service Agent from Lenders to be credited to the account of Borrowers at Service Agent’s Principal
Office or such other account as may be designated in writing to Service Agent by Administrative
Borrower.

(v) Notwithstanding any other provision of this Agreement, and in order to reduce
the number of fund transfers among the Borrowers, the Agent, the Service Agent and the Lenders, the
Borrowers, the Agent, Service Agent and the Lenders agree that the Service Agent may (but shall not
be obligated to), and the Borrowers and the Lenders hereby irrevocably authorize the Service Agent
to, fund, on behalf of the Revolving Loan Lenders, Revolving Loans pursuant to Section 2.2,
subject to the procedures for settlement set forth in Sections 2.2(b)(viii) and (b)(ix);
provided, however, that (a) the Service Agent shall in no event fund any such
Revolving Loans if the Service Agent shall have received written notice from the Agent or the
Required Lenders on the Business Day prior to the date of the proposed Revolving Loan that one or
more of the conditions precedent contained in Section 3.2 will not be satisfied at the time
of the proposed Revolving Loan, and (b) the Service Agent shall not otherwise be required to
determine that, or take notice whether, the conditions precedent in Section 3.2 have been
satisfied. If the Administrative Borrower gives a Funding Notice requesting a Revolving Loan and
the Service Agent elects not to fund such Revolving Loan on behalf of the Revolving Loan Lenders,
then promptly after receipt of the Funding Notice requesting such Revolving Loan, the Service Agent
shall notify each Revolving Loan Lender of the specifics of the requested Revolving Loan and that
it will not fund the requested Revolving Loan on behalf of the Revolving Loan Lenders. If the
Service Agent notifies the Revolving Loan Lenders that it will not fund a requested Revolving Loan
on behalf of the Revolving Loan Lenders, each Revolving Loan Lender shall make its Pro Rata Share
of the Revolving Loan available to the Service Agent, in immediately available funds, in the
Service Agent’s Account no later than 3:00 p.m. (New York City time) (provided that the Service
Agent requests payment from such Revolving Loan Lender not later than 1:00 p.m. (New York City
time)) on the date of the proposed Revolving Loan. The Service Agent will make the proceeds of
such Revolving Loans available to the Borrowers on the day of the proposed Revolving Loan by
causing an amount, in immediately available funds, equal to the proceeds of all such Revolving
Loans received by the Service Agent in the Service Agent’s Account or the amount funded by the
Service Agent on behalf of the Revolving Loan Lenders to be deposited in an account designated by
the Administrative Borrower.

(vi) If the Service Agent has notified the Revolving Loan Lenders that the Service
Agent, on behalf of the Revolving Loan Lenders, will not fund a particular Revolving Loan pursuant
to Section 2.2(b)(v), the Service Agent may assume that each such Revolving Loan Lender has
made such amount available to the Service Agent on such day and the Service Agent, in its sole
discretion, may, but shall not be obligated to, cause a corresponding amount to be made available
to the Borrowers on such day. If the Service Agent makes such corresponding amount available to
the Borrowers and such corresponding amount is not in fact made available to the Service Agent by
any such Revolving Loan Lender, the Service Agent shall be entitled to recover such corresponding
amount on demand from such Revolving Loan Lender together with interest thereon, for each day from
the date such payment was due until the date such amount is paid to the Service Agent, at the
Federal Funds Effective Rate for 3 Business Days and thereafter at the Base Rate. During the
period in which such Revolving Loan Lender has not paid such corresponding amount to the Service
Agent, notwithstanding anything to the contrary contained in this Agreement or any other Loan
Document, the amount so advanced by the Service Agent to the Borrowers shall, for all purposes
hereof, be a Revolving Loan made by the Service Agent for its own account. Upon any such failure
by a Revolving Loan Lender to pay the Service Agent, the Service Agent shall promptly thereafter
notify the Administrative Borrower of such failure and the Borrowers shall immediately pay such
corresponding amount to the Service Agent for its own account.

(vii) Nothing in this Section 2.2 shall be deemed to relieve any Revolving
Loan Lender from its obligations to fulfill its Revolving Commitment hereunder or to prejudice any
rights that the Service Agent or the Borrowers may have against any Revolving Loan Lender as a
result of any default by such Revolving Loan Lender hereunder.

(viii) With respect to all periods for which the Service Agent has funded Revolving
Loans pursuant to Section 2.2(b), on Friday of each week, or if the applicable Friday is
not a Business Day, then on the following Business Day, or on the last Business Day of any shorter
period as the Service Agent may from time to time select (any such week or shorter period being
herein called a “Settlement Period”), the Service Agent shall notify each Revolving Loan
Lender of the unpaid principal amount of the Revolving Loans outstanding as of the last day of each
such Settlement Period. In the event that such amount is greater than the unpaid principal amount
of the Revolving Loans outstanding on the last day of the Settlement Period immediately preceding
such Settlement Period (or, if there has been no preceding Settlement Period, the amount of the
Revolving Loans made on the date of such Revolving Loan Lender’s initial funding), each Revolving
Loan Lender shall promptly (and in any event not later than 2:00 p.m. (New York City time) if the
Service Agent requests payment from such Lender not later than 12:00 p.m. (New York City time) on
such day) make available to the Service Agent its Pro Rata Share of the difference in immediately
available funds. In the event that such amount is less than such unpaid principal amount, the
Service Agent shall promptly pay over to each Revolving Loan Lender its Pro Rata Share of the
difference in immediately available funds. In addition, if the Service Agent shall so request at
any time when a Default or an Event of Default shall have occurred and be continuing, or any other
event shall have occurred as a result of which the Service Agent shall determine that it is
desirable to present claims against the Borrowers for repayment, each Revolving Loan Lender shall
promptly remit to the Service Agent or, as the case may be, the Service Agent shall promptly remit
to each Revolving Loan Lender, sufficient funds to adjust the interests of the Revolving Loan
Lenders in the then outstanding Revolving Loans to such an extent that, after giving effect to such
adjustment, each such Revolving Loan Lender’s interest in the then outstanding Revolving Loans will
be equal to its Pro Rata Share thereof. The obligations of the Service Agent and each Revolving
Loan Lender under this Section 2.2(b)(viii) shall be absolute and unconditional. Each
Revolving Loan Lender shall only be entitled to receive interest on its Pro Rata Share of the
Revolving Loans which have been funded by such Revolving Loan Lender.

(ix) In the event that any Revolving Loan Lender fails to make any payment required
to be made by it pursuant to Section 2.2(b)(viii), the Service Agent shall be entitled to
recover such corresponding amount on demand from such Revolving Loan Lender together with interest
thereon, for each day from the date such payment was due until the date such amount is paid to the
Service Agent, at the Federal Funds Effective Rate for 3 Business Days and thereafter at the Base
Rate. During the period in which such Revolving Loan Lender has not paid such corresponding amount
to the Service Agent, notwithstanding anything to the contrary contained in this Agreement or any
other Loan Document, the amount so advanced by the Service Agent to the Borrowers shall, for all
purposes hereof, be a Revolving Loan made by the Service Agent for its own account. Upon any such
failure by a Revolving Loan Lender to pay the Service Agent, the Service Agent shall promptly
thereafter notify the Administrative Borrower of such failure and the Borrowers shall immediately
pay such corresponding amount to the Service Agent for its own account. Nothing in this
Section 2.2(b)(ix) shall be deemed to relieve any Revolving Loan Lender from its obligation
to fulfill its Revolving Commitment hereunder or to prejudice any rights that the Service Agent or
the Borrowers may have against any Revolving Loan Lender as a result of any default by such
Revolving Loan Lender hereunder.

(c) Protective Advances. Subject to the limitations set forth below, and
whether or not an Event of Default or a Default shall have occurred and be continuing, each of
Agent and Service Agent is authorized by Borrowers and the Lenders, from time to time in such
Agent’s or Service Agent’s sole discretion (but such Agent or Service Agent shall have absolutely
no obligation to), to make disbursements or advances to Borrowers, which such Agent or Service
Agent, in its sole discretion, deems necessary or desirable (i) to preserve or protect the
Collateral, or any portion thereof, (ii) to enhance the likelihood of, or maximize the amount of,
repayment of the Loans, Reimbursement Obligations and other Obligations, or (iii) to pay any other
amount chargeable to or required to be paid by Company pursuant to the terms of this Agreement and
the other Loan Documents, including, without limitation, payments of principal, interest, fees and
reimbursable expenses (any of such Loans are in this clause (c) referred to as
"Protective Advances”). Protective Advances may be made even if the conditions precedent
set forth in Article III have not been satisfied. The interest rate on all Protective
Advances shall be at the Base Rate plus the Applicable Margin for Revolving Loans. Each Protective
Advance shall be secured by the Liens in favor of Agent in and to the Collateral and shall
constitute Obligations hereunder. The Protective Advances shall constitute Obligations hereunder
which may be charged to the Loan Account in accordance with Section 2.15(f). Borrowers
shall pay the unpaid principal amount and all unpaid and accrued interest of each Protective
Advance on the earlier of the Revolving Commitment Termination Date and the date on which demand
for payment is made by the applicable Agent. The applicable Agent shall notify each Lender and
Borrowers in writing of each such Protective Advance, which notice shall include a description of
the purpose of such Protective Advance. Without limitation to its obligations pursuant to
Section 9.6, each Lender agrees that it shall make available to the applicable Agent, upon
such Agent’s or Service Agent’s demand, in Dollars in immediately available funds, the amount equal
to such Lender’s Pro Rata Share of each such Protective Advance. If such funds are not made
available to the applicable Agent by such Lender, such Agent or Service Agent shall be entitled to
recover such funds on demand from such Lender, together with interest thereon for each day from the
date such payment was due until the date such amount is paid to the applicable Agent, at the
Federal Funds Rate for three Business Days and thereafter at the Base Rate.

Section 2.3 Letters of Credit.

(a) Letters of Credit. Subject to the terms and conditions hereof
(including Section 2.2 hereof), upon request of the Administrative Borrower made in
accordance herewith, the Service Agent shall issue or cause the issuance of standby and/or trade
letters of credit (collectively, “Letters of Credit”) for the account of the Borrowers.
The Maximum Undrawn Amount of all outstanding Letters of Credit shall not exceed in the aggregate
at any time the lowest of (i) (A) the total Revolving Commitment minus (B) the aggregate
principal amount of all Revolving Loans then outstanding, (ii) (A) the Borrowing Base minus
(B) the aggregate principal amount of all Revolving Loans then outstanding, and (iii) the Letter of
Credit Sublimit. All disbursements or payments related to Letters of Credit shall be deemed to be
Revolving Loans and shall bear interest at the applicable rate in accordance with Section
2.7 and Section 2.9. Letters of Credit that have not been drawn upon shall not bear
interest.

(b) Issuance of Letters of Credit.

(i) Subject to the terms hereof, the Administrative Borrower may request the Service
Agent to issue or cause the issuance of a Letter of Credit by delivering to the Service Agent, at
the Payment Office, prior to 12:00 p.m. (New York City time), at least 5 Business Days’ prior to
the proposed date of issuance, the Service Agent’s form of letter of credit application (the
"Letter of Credit Application”) completed to the reasonable satisfaction of the Service
Agent and such other certificates, documents and other papers and information as the Service Agent
may reasonably request.

(ii) Each Letter of Credit shall, among other things, (i) provide for the payment of
sight drafts, other written demands for payment, or acceptances of drafts when presented for honor
thereunder in accordance with the terms thereof and when accompanied by the documents described
therein and (ii) have an expiry date not later than 12 months after such Letter of Credit’s date of
issuance (subject to automatic renewals) and in no event later than the date that is 15 days prior
to the Revolving Commitment Termination Date. Each standby Letter of Credit shall be subject
either to the Uniform Customs and Practice for Documentary Credits (1993 Revision), International
Chamber of Commerce Publication No. 600, and any amendments or revision thereof adhered to by the
Issuer (“UCP 600”) or the International Standby Practices (ISP98-International Chamber of
Commerce Publication Number 590) (“ISP98 Rules”), as determined by the Service Agent, and
each trade Letter of Credit shall be subject to UCP 600.

(iii) The Service Agent shall use its reasonable efforts to notify the Agent and the
Lenders of the request by the Borrowers for a Letter of Credit hereunder.

(c) Requirements For Issuance of Letters of Credit. The Administrative
Borrower shall authorize and direct the L/C Issuer to name one or more Borrowers as the “Applicant”
or “Account Party” of each Letter of Credit. If the Service Agent is not the L/C Issuer of any
Letter of Credit, the Administrative Borrower shall authorize and direct the L/C Issuer to deliver
to the Service Agent all instruments, documents, and other writings and property received by the
L/C Issuer pursuant to such Letter of Credit and to accept and rely upon the Service Agent’s
instructions and agreements with respect to all matters arising in connection with such Letter of
Credit or the application therefor.

(d) Disbursements, Reimbursement.

(i) Immediately upon the issuance of each Letter of Credit, each Revolving Loan
Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the
Service Agent a participation in such Letter of Credit and each drawing thereunder in an amount
equal to such Lender’s Pro Rata Share (determined in accordance with paragraph (c) of the
definition of “Pro Rata Share”) of the Maximum Face Amount of such Letter of Credit and the amount
of such drawing, respectively.

(ii) In the event of any request for a drawing under a Letter of Credit by the
beneficiary or transferee thereof, the Service Agent will promptly notify the Administrative
Borrower. Provided that Borrowers shall have received such notice by 12:00 p.m. (New York City
time), the Borrowers shall reimburse (such obligation to reimburse the Service Agent or any Lender
together with any interest thereon pursuant to Section 2.7 and Section 2.9 shall
sometimes be referred to as a “Reimbursement Obligation”) the Service Agent on behalf of
the L/C Issuer and the Revolving Loan Lenders prior to 1:00 p.m. (New York City time) on such date
that an amount is paid by the Service Agent on behalf of the L/C Issuer and the Revolving Loan
Lenders under any Letter of Credit (each such date, a “Drawing Date”) in an amount equal to
the amount so paid by the Service Agent. In the event the Borrowers fail to reimburse the Service
Agent for the full amount of any drawing under any Letter of Credit by 1:00 p.m. (New York City
time) on the Drawing Date, the Service Agent will promptly notify each Revolving Loan Lender
thereof, and the Borrowers shall be deemed to have requested that a Revolving Loan that is a Base
Rate Loan be made by the Revolving Loan Lenders to be disbursed on the Drawing Date in respect of
such Letter of Credit pursuant to Section 2.2 and subject to Sections 3.1 and 3.2 hereof.
Any notice given by the Service Agent pursuant to this Section 2.3(d)(ii) may be oral if
immediately confirmed in writing; provided that the lack of such an immediate confirmation shall
not affect the conclusiveness or binding effect of such notice.

(iii) Each Revolving Loan Lender shall upon any notice pursuant to Section
2.3(d)(ii) make available to the Service Agent an amount in immediately available funds equal
to its Pro Rata Share of the amount of the drawing, whereupon the participating Lenders shall
(subject to Section 2.3(d)(iv)) each be deemed to have made a Revolving Loan that is a Base
Rate Loan to the Borrowers in that amount. If any Revolving Loan Lender so notified fails to make
available to the Service Agent the amount of such Lender’s Pro Rata Share of such amount by no
later than 2:00 p.m. (New York City time) on the Drawing Date, then interest shall accrue on such
Lender’s obligation to make such payment, from the Drawing Date to the date on which such Lender
makes such payment (x) at a rate per annum equal to the Federal Funds Effective Rate during the
first 3 days following the Drawing Date and (y) at a rate per annum equal to the interest rate on
Revolving Loans that are Base Rate Loans on and after the 4th day following the Drawing Date. The
Service Agent will promptly give notice of the occurrence of the Drawing Date, but failure of the
Service Agent to give any such notice on the Drawing Date or in sufficient time to enable any
Revolving Loan Lender to effect such payment on such date shall not relieve such Lender from its
obligation under this Section 2.3(d)(iii), provided that such Lender shall not be obligated
to pay interest as provided in Section 2.3(d)(ii) until and commencing from the date of
receipt of notice from the Service Agent of a drawing. Each Revolving Loan Lender’s payment to the
Service Agent pursuant to this Section 2.3(d)(iii)(x) and (y) shall be deemed to be
a payment in respect of its participation in such Letter of Credit Borrowing and shall constitute a
"Participation Revolving Loan” from such Lender in satisfaction of its Participation
Commitment under this Section 2.3(d).

(iv) With respect to any unreimbursed drawing that is not converted into a Revolving
Loan to the Borrowers in whole or in part as contemplated by Section 2.3(d)(ii), because of
the Borrowers’ failure to satisfy the conditions set forth in Section 3.2 (other than any
notice requirements) or for any other reason, the Borrowers shall be deemed to have incurred from
the Service Agent a borrowing (each a “Letter of Credit Borrowing”) in the amount of such
drawing. Such Letter of Credit Borrowing shall be due and payable on demand (together with
interest) and shall bear interest at the rate per annum equal to the interest rate on Revolving
Loans that are Base Rate Loans.

(v) Each Lender’s Participation Commitment shall continue until the last to occur of
any of the following events: (i) the Service Agent ceases to be obligated to issue or cause to be
issued Letters of Credit hereunder; (ii) no Letter of Credit issued or created hereunder remains
outstanding and uncanceled and (iii) all Persons (other than the Borrowers) have been fully
reimbursed for all payments made under or relating to Letters of Credit.

(e) Repayment of Participation Revolving Loans.

(i) Upon (and only upon) receipt by the Service Agent for its account of immediately
available funds from the Borrowers (i) in reimbursement of any payment made by the Service Agent
under the Letter of Credit with respect to which any Lender has made a Participation Revolving Loan
to the Service Agent or (ii) in payment of interest on such a payment made by the Service Agent
under such a Letter of Credit, the Service Agent will pay to each Revolving Loan Lender, in the
same funds as those received by the Service Agent, the amount of such Lender’s Pro Rata Share of
such funds, except the Service Agent shall retain the amount of the Pro Rata Share of such funds of
any Revolving Loan Lender that did not make a Participation Revolving Loan in respect of such
payment by the Service Agent.

(ii) If the Service Agent is required at any time to return to the Borrowers, or to
a trustee, receiver, liquidator, custodian, or any official in any Insolvency Proceeding, any
portion of the payments made by the Borrowers to the Service Agent pursuant to Section
2.3(e)(i) in reimbursement of a payment made under a Letter of Credit or interest or fee
thereon, each Revolving Loan Lender shall, on demand of the Service Agent, forthwith return to the
Service Agent the amount of its Pro Rata Share of any amounts so returned by the Service Agent plus
interest at the Federal Funds Effective Rate.

(f) Documentation. The Borrowers agree to be bound by the terms of each
Letter of Credit Application and by the L/C Issuer’s interpretations of each Letter of Credit
issued for the Borrowers’ Loan Account and by the L/C Issuer’s written regulations and customary
practices relating to letters of credit, though the L/C Issuer’s interpretations may be different
from the Borrowers’ own. In the event of a conflict between any Letter of Credit Application and
this Agreement, this Agreement shall govern. It is understood and agreed that, except in the case
of gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a
final nonappealable judgment), the Service Agent shall not be liable for any error, negligence
and/or mistakes, whether of omission or commission, in following any Borrower’s instructions or
those contained in any Letter of Credit or any modification, amendment or supplement thereto.

(g) Determination to Honor Drawing Request. In determining whether to honor
any request for drawing under any Letter of Credit by the beneficiary thereof, the Service Agent
shall be responsible only to determine that the documents and certificates required to be delivered
under such Letter of Credit have been delivered and that they comply on their face with the
requirements of such Letter of Credit and that any other drawing condition appearing on the face of
such Letter of Credit has been satisfied in the manner so set forth.

(h) Nature of Participation and Reimbursement Obligations. Each Revolving
Loan Lender’s obligation in accordance with this Agreement to make the Revolving Loans or
Participation Revolving Loans as a result of a drawing under a Letter of Credit, and the
obligations of the Borrowers to reimburse the Service Agent upon a draw under a Letter of Credit,
shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance
with the terms of this Section 2.3 under all circumstances, including the following
circumstances:

(i) any set-off, counterclaim, recoupment, defense or other right which such
Revolving Loan Lender may have against the Service Agent, the Borrowers or any other Person for any
reason whatsoever;

(ii) the failure of the Borrowers or any other Person to comply, in connection with
a Letter of Credit Borrowing, with the conditions set forth in this Agreement for the making of a
Revolving Loan, it being acknowledged that such conditions are not required for the making of a
Letter of Credit Borrowing and the obligation of the Revolving Loan Lenders to make Participation
Revolving Loans under Section 2.3(d);

(iii) any lack of validity or enforceability of any Letter of Credit;

(iv) any claim of breach of warranty that might be made by any Borrower or any
Revolving Loan Lender against the beneficiary of a Letter of Credit, or the existence of any claim,
set-off, recoupment, counterclaim, crossclaim, defense or other right which any Borrower or any
Revolving Loan Lender may have at any time against a beneficiary, any successor beneficiary or any
transferee of any Letter of Credit or the proceeds thereof (or any Person for whom any such
transferee may be acting), the Service Agent or any Revolving Loan Lender or any other Person,
whether in connection with this Agreement, such Letter of Credit, the transactions contemplated
herein or any unrelated transactions (including any underlying transactions between the Borrowers
or any other party and the beneficiary for which any Letter of Credit was procured);

(v) the lack of power or authority of any signer of (or any defect in or forgery of
any signature or endorsement on) or the form of or lack of validity, sufficiency, accuracy,
enforceability or genuineness of any draft, demand, instrument, certificate or other document
presented under or in connection with any Letter of Credit, or any fraud or alleged fraud in
connection with any Letter of Credit, or the transport of any property or provisions of services
relating to a Letter of Credit, in each case even if the Service Agent or any of the Service
Agent’s Affiliates has been notified thereof;

(vi) except as provided in Section 2.3(g), any payment by the Service Agent
under any Letter of Credit against presentation of a demand, draft or certificate or other document
which does not comply with the terms of such Letter of Credit;

(vii) the solvency of, or any acts or omissions by, any beneficiary of any Letter of
Credit, or any other Person having a role in any transaction or obligation relating to a Letter of
Credit, or the existence, nature, quality, quantity, condition, value or other characteristic of
any property or services relating to a Letter of Credit;

(viii) any failure by the Service Agent or any of the Service Agent’s Affiliates to
issue any Letter of Credit in the form requested by the Borrowers, unless the Service Agent has
received written notice from the Administrative Borrower of such failure within 3 Business Days
after the Service Agent shall have furnished Administrative Borrower a copy of such Letter of
Credit and such error is material and no drawing has been made thereon prior to receipt of such
notice;

(ix) any Material Adverse Effect on any Borrower or any Guarantor;

(x) any breach of this Agreement or any Loan Document by any party thereto;

(xi) the occurrence or continuance of an Insolvency Proceeding with respect to any
Borrower or any Guarantor;

(xii) the fact that a Default or Event of Default shall have occurred and be
continuing;

(xiii) the fact that the Revolving Commitment Termination Date shall have expired or
this Agreement or the Obligations hereunder shall have been terminated; and

(xiv) any other circumstance or happening whatsoever, whether or not similar to any
of the foregoing.

Nothing contained in this Section 2.3(h) shall be deemed to relieve the Service Agent
or the L/C Issuer from any claim by the Borrowers for the gross negligence or willful misconduct of
the Service Agent or the L/C Issuer, respectively, in respect of honoring or failing to honor any
drawing under any Letter of Credit or otherwise in respect of any Letter of Credit, but any such
claim may not be used as a defense to the reimbursement obligation for any such drawing.

(i) Indemnity. In addition to amounts payable as provided in Section
10.3, the Borrowers hereby agree to protect, indemnify, pay and save harmless the Service Agent
and the L/C Issuer from and against any and all claims, demands, liabilities, damages, taxes,
(except for the imposition of, or any change in the rate of, any taxes imposed on the net income of
Agent, Service Agent, any Lender or the L/C Issuer by the jurisdiction in which such Person is
organized or has its principal lending office), penalties, interest, judgments, losses, costs,
charges and expenses (including reasonable fees, expenses and disbursements of outside counsel and
allocated costs of internal counsel) which the Service Agent or any of the Service Agent’s
Affiliates may incur or be subject to as a consequence, direct or indirect, of the issuance of any
Letter of Credit, other than as a result of (a) the gross negligence or willful misconduct of the
Service Agent or the L/C Issuer (as determined by a court of competent jurisdiction in a final
nonappealable judgment) or (b) the wrongful dishonor by the Service Agent, the L/C Issuer, or any
of the Service Agent’s or L/C Issuer’s Affiliates of a proper demand for payment made under any
Letter of Credit, except if such dishonor resulted from any Governmental Acts. The obligations of
the Borrowers under this Section 2.3(i) shall survive the termination of this Agreement and
the payment of the Loans and all other amounts payable hereunder.

(j) Liability for Acts and Omissions.

(i) As between the Borrowers and the Agent, Service Agent and the Lenders, the
Borrowers assume all risks of the acts and omissions of, or misuse of the Letters of Credit by, the
respective beneficiaries of such Letters of Credit. In furtherance and not in limitation of the
foregoing, the Agent, Service Agent and the Lenders shall not be responsible for: (i) the form,
validity, sufficiency, accuracy, genuineness or legal effect of any document submitted by any party
in connection with the application for an issuance of any such Letter of Credit, even if it should
in fact prove to be in any or all respects invalid, insufficient, inaccurate, fraudulent or forged
(even if the Service Agent shall have been notified thereof); (ii) the validity or sufficiency of
any instrument transferring or assigning or purporting to transfer or assign any such Letter of
Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may
prove to be invalid or ineffective for any reason; (iii) the failure of the beneficiary of any such
Letter of Credit, or any other party to which such Letter of Credit may be transferred, to comply
fully with any conditions required in order to draw upon such Letter of Credit or any other claim
of the Borrowers against any beneficiary of such Letter of Credit, or any such transferee, or any
dispute between or among Borrowers and any beneficiary of any Letter of Credit or any such
transferee; (iv) errors, omissions, interruptions or delays in transmission or delivery of any
messages, by mail, cable, telegraph or otherwise, whether or not they be in cipher; (v) errors in
interpretation of technical terms; (vi) any loss or delay in the transmission or otherwise of any
document required in order to make a drawing under any such Letter of Credit or of the proceeds
thereof; (vii) the misapplication by the beneficiary of any such Letter of Credit of the proceeds
of any drawing under such Letter of Credit; or (viii) any consequences arising from causes beyond
the control of the Service Agent, including any Governmental Acts, and none of the above shall
affect or impair, or prevent the vesting of, any of the Service Agent’s rights or powers hereunder.
Nothing in the preceding sentence shall relieve the Service Agent from liability for the Service
Agent’s gross negligence or willful misconduct (as determined by a court of competent jurisdiction
in a final nonappealable judgment) in connection with actions or omissions described in such
clauses (i) through (viii) of such sentence. In no event shall the Service Agent or the Service
Agent’s Affiliates be liable to the Borrowers for any indirect, consequential, incidental,
punitive, exemplary or special damages or expenses (including without limitation attorneys’ fees),
or for any damages resulting from any change in the value of any property relating to a Letter of
Credit.

(ii) Without limiting the generality of the foregoing, the Service Agent and each of
its Affiliates (i) may rely on any oral or other communication believed in good faith by the
Service Agent or such Affiliate to have been authorized or given by or on behalf of the applicant
for a Letter of Credit, (ii) may honor any presentation if the documents presented appear on their
face substantially to comply with the terms and conditions of the relevant Letter of Credit; (iii)
may honor a previously dishonored presentation under a Letter of Credit, whether such dishonor was
pursuant to a court order, to settle or compromise any claim of wrongful dishonor, or otherwise,
and shall be entitled to reimbursement to the same extent as if such presentation had initially
been honored, together with any interest paid by the Service Agent or its Affiliates; (iv) may
honor any drawing that is payable upon presentation of a statement advising negotiation or payment,
upon receipt of such statement (even if such statement indicates that a draft or other document is
being delivered separately), and shall not be liable for any failure of any such draft or other
document to arrive, or to conform in any way with the relevant Letter of Credit; (v) may pay any
paying or negotiating bank claiming that it rightfully honored under the laws or practices of the
place where such bank is located; and (vi) may settle or adjust any claim or demand made on the
Service Agent or its Affiliate in any way related to any order issued at the applicant’s request to
an air carrier, a letter of guarantee or of indemnity issued to a carrier or any similar document
(each an “Order”) and honor any drawing in connection with any Letter of Credit that is the
subject of such Order, notwithstanding that any drafts or other documents presented in connection
with such Letter of Credit fail to conform in any way with such Letter of Credit.

(iii) In furtherance and extension and not in limitation of the specific provisions
set forth above, any action taken or omitted by the Service Agent under or in connection with the
Letters of Credit issued by it or any documents or certificates delivered thereunder, if taken or
omitted in good faith, in compliance with UCP 600 and ISP 98 Rules, as applicable, and without
gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a
final nonappealable judgment), shall not put the Service Agent under any resulting liability to any
Borrower or any Lender.

Section 2.4 Pro Rata Shares; Availability of Funds.

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

(b) Availability of Funds. Unless Service Agent shall have been notified by
any Lender prior to the applicable Credit Date that such Lender does not intend to make available
to Service Agent the amount of such Lender’s Loan requested on such Credit Date, Service Agent may
assume that such Lender has made such amount available to Service Agent on such Credit Date and
Service Agent may, in its sole discretion, but shall not be obligated to, make available to Company
a corresponding amount on such Credit Date. If such corresponding amount is not in fact made
available to Service Agent by such Lender, Service Agent shall be entitled to recover such
corresponding amount on demand from such Lender together with interest thereon, for each day from
such Credit Date until the date such amount is paid to Service Agent, at the customary rate set by
Service Agent for the correction of errors among banks for three Business Days and thereafter at
the Base Rate. If such Lender does not pay such corresponding amount forthwith upon Service
Agent’s demand therefor, Service Agent shall promptly notify Administrative Borrower and
Administrative Borrower shall immediately pay such corresponding amount to Service Agent together
with interest thereon, for each day from such Credit Date until the date such amount is paid to
Service Agent, at the rate payable hereunder for Base Rate Loans for such Class of Loans. Nothing
in this Section 2.4(b) shall be deemed to relieve any Lender from its obligation to fulfill
its Term Loan Commitments and Revolving Commitments hereunder or to prejudice any rights that
Borrowers may have against any Lender as a result of any default by such Lender hereunder.

Section 2.5 Use of Proceeds. The proceeds of the Term Loans and the
Revolving Loans, if any, made on the Closing Date shall be used by Company to satisfy a portion of
the Existing Indebtedness, for general working capital purposes of the Borrowers and to pay fees
and expenses related to this Agreement. The proceeds of the Term Loan B made after the Closing
Date shall be applied by Borrowers to repay or redeem Indebtedness identified by the Borrowers to
the Agent and the Lenders in writing prior to the Closing Date. The proceeds of the Revolving
Loans, and Letters of Credit made after the Closing Date shall be applied by Borrowers for working
capital and general corporate purposes of Company and its Subsidiaries, including Permitted
Acquisitions and to pay fees and expenses related to this Agreement. No portion of the proceeds of
any Credit Extension shall be used in any manner that causes or might cause such Credit Extension
or the application of such proceeds to violate Regulation T, Regulation U or Regulation X of the
Board of Governors of the Federal Reserve System or any other regulation thereof or to violate the
Exchange Act.

Section 2.6 Evidence of Debt; Register; Lenders’ Books and Records; Notes.

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

(b) Register. Service Agent shall maintain at its Principal Office a
register for the recordation of the names and addresses of Lenders and the principal amount of the
Commitments and Loans (and stated interest therein) of each Lender from time to time (the
"Register”). The Register shall be available for inspection by Administrative Borrower or
Agent at any reasonable time and from time to time upon reasonable prior notice. Service Agent
shall record in the Register the Commitments and the Loans, and each repayment or prepayment in
respect of the principal amount of the Loans, and any such recordation shall be conclusive and
binding on each Borrower and each Lender, absent manifest error; provided, failure to make
any such recordation, or any error in such recordation, shall not affect any Lender’s Commitments
or any Borrower’s Obligations in respect of any Loan. Each Borrower hereby designates the entity
serving as Service Agent to serve as such Borrower’s non-fiduciary agent solely for purposes of
maintaining the Register as provided in this Section 2.6, and each Borrower hereby agrees
that, to the extent such entity serves in such capacity, the entity serving as Service Agent and
its officers, directors, employees, agents and affiliates shall constitute “Indemnitees.”

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

Section 2.7 Interest.

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

(i) in the case of Term Loan A, Term Loan B and Revolving Loans:

(A) if a Base Rate Loan, at the Base Rate plus the
Applicable Margin; or

(B) if a LIBOR Rate Loan, at the Adjusted LIBOR Rate
plus the Applicable Margin.

(b) The basis for determining the rate of interest with respect to any Loan, and the
Interest Period with respect to any LIBOR Rate Loan, shall be selected by Administrative Borrower
and notified to Service Agent and Lenders pursuant to the applicable Funding Notice or
Conversion/Continuation Notice, as the case may be. If on any day a Loan is outstanding with
respect to which a Funding Notice or Conversion/Continuation Notice has not been delivered to
Service Agent in accordance with the terms hereof specifying the applicable basis for determining
the rate of interest, then for that day such Loan shall be a Base Rate Loan.

(c) In connection with LIBOR Rate Loans there shall be no more than five (5)
Interest Periods outstanding at any time. In the event Administrative Borrower fails to specify
between a Base Rate Loan or a LIBOR Rate Loan in the applicable Funding Notice or
Conversion/Continuation Notice, such Loan (if outstanding as a LIBOR Rate Loan) will be
automatically converted into a Base Rate Loan on the last day of the then current Interest Period
for such Loan (or if outstanding as a Base Rate Loan will remain as, or (if not then outstanding)
will be made as, a Base Rate Loan). In the event Administrative Borrower fails to specify an
Interest Period for any LIBOR Rate Loan in the applicable Funding Notice or Conversion/Continuation
Notice, Company shall be deemed to have selected an Interest Period of one month. As soon as
practicable after 10:00 a.m. (New York City time) on each Interest Rate Determination Date, Service
Agent shall determine (which determination shall, absent manifest error, be final, conclusive and
binding upon all parties) the interest rate that shall apply to the LIBOR Rate Loans for which an
interest rate is then being determined for the applicable Interest Period and shall promptly give
notice thereof (in writing or by telephone confirmed in writing) to Administrative Borrower and
each Lender.

(d) Interest payable pursuant to Section 2.7(a) shall be computed on the
basis of a 360 day year, in each case for the actual number of days elapsed in the period during
which it accrues. In computing interest on any Loan, the date of the making of such Loan or the
first day of an Interest Period applicable to such Loan or, with respect to a Base Rate Loan being
converted from a LIBOR Rate Loan, the date of conversion of such LIBOR Rate Loan to such Base Rate
Loan, as the case may be, shall be included, and the date of payment of such Loan or the expiration
date of an Interest Period applicable to such Loan or, with respect to a Base Rate Loan being
converted to a LIBOR Rate Loan, the date of conversion of such Base Rate Loan to such LIBOR Rate
Loan, as the case may be, shall be excluded; provided, if a Loan is repaid on the same day
on which it is made, one day’s interest shall be paid on that Loan.

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

Section 2.8 Conversion/Continuation.

(a) Subject to Section 2.17 and so long as no Default or Event of Default
shall have occurred and then be continuing, Borrowers shall have the option:

(i) to convert at any time all or any part of any Term Loan or Revolving Loan (in
the case of a conversion to a LIBOR Rate Loan, equal to $500,000 and integral multiples of $100,000
in excess of that amount) from one Type of Loan to another Type of Loan; provided, a LIBOR
Rate Loan may only be converted on the expiration of the Interest Period applicable to such LIBOR
Rate Loan unless Borrowers shall pay all amounts due under Section 2.17 in connection with
any such conversion; or

(ii) upon the expiration of any Interest Period applicable to any LIBOR Rate Loan,
to continue all or any portion of such Loan equal to $500,000 and integral multiples of $100,000 in
excess of that amount as a LIBOR Rate Loan.

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

Section 2.9 Default Interest. Upon the occurrence and during the
continuance of an Event of Default, the principal amount of all Loans outstanding and outstanding
Letter of Credit Obligations and, to the extent permitted by applicable law, any interest payments
on the Loans, outstanding Letter of Credit Obligations or any fees or other amounts owed hereunder,
shall thereafter bear interest (including post petition interest in any proceeding under the
Bankruptcy Code or other applicable bankruptcy laws) payable on demand at a rate that is 3% per
annum in excess of the interest rate otherwise payable hereunder with respect to the applicable
Loans (or, in the case of any such fees and other amounts, at a rate which is 3% per annum in
excess of the interest rate otherwise payable hereunder for Base Rate Loans); provided, in
the case of LIBOR Rate Loans, upon the expiration of the Interest Period in effect at the time any
such increase in interest rate is effective such LIBOR Rate Loans shall thereupon become Base Rate
Loans and shall thereafter bear interest payable upon demand at a rate which is 3% per annum in
excess of the interest rate otherwise payable hereunder for Base Rate Loans. Payment or acceptance
of the increased rates of interest provided for in this Section 2.9 is not a permitted
alternative to timely payment and shall not constitute a waiver of any Event of Default or
otherwise prejudice or limit any rights or remedies of Agent, Service Agent or any Lender.

Section 2.10 Fees.

(a) Borrowers agree to pay to Lenders having Revolving Exposure commitment fees
equal to (i) the average of the daily difference between (A) the Revolving Commitments, and (B) the
sum of (1) the aggregate principal amount of outstanding Revolving Loans plus (2) the
Letter of Credit Obligations, times (ii) 0.50% per annum;

All fees referred to in this Section 2.10(a) shall be paid to Service Agent as set forth in
Section 2.15(a) and upon receipt, Service Agent shall promptly distribute to each Lender
with a Revolving Commitment its Pro Rata Share thereof.

(b) Borrowers agree to pay to Lenders having Term Loan B Commitments a commitment
fee equal to (i) any unused portion of their respective Term Loan B Commitments, times (ii)
0.50% per annum.

(c) All fees referred to in Section 2.10(a) and Section 2.10(b)
shall be calculated on the basis of a 360-day year and the actual number of days elapsed and shall
be payable monthly in arrears on the first day of each month during the Revolving Commitment Period
or Term Loan B Commitment Period, as applicable, commencing on the first such date to occur after
the Closing Date, and on the Revolving Commitment Termination Date or Term Loan B Commitment
Termination Date, as applicable.

(d) Borrowers agree to pay (i) to the Service Agent, for the ratable benefit of the
Revolving Loan Lenders, a Letter of Credit fee (in addition to the charges, commissions, fees, and
costs set forth in clause (ii) below) which shall accrue at a rate per annum equal to the L/C Fee
Rate in effect at such time, times the daily balance of the Maximum Undrawn Amount of the Letters
of Credit, for the period from and excluding the date of issuance of same to and including the date
of expiration or termination, such fees to be calculated on the basis of a 360-day year for the
actual number of days elapsed and to be payable monthly in arrears on the first day of each month
and on the Revolving Commitment Termination Date, and (ii) to the L/C Issuer, (A) a fronting fee of
0.25% per annum multiplied times the Maximum Undrawn Amount of each Letter of Credit, which fee
shall be payable monthly in arrears on the first day of each month and on the Revolving Commitment
Termination Date, and (B) any and all customary administrative, issuance, amendment, payment and
negotiation charges (as per the L/C Issuer’s standard fee schedule) with respect to any Letters of
Credit and all fees and expenses as agreed upon by the L/C Issuer and the Borrowers in connection
with any Letter of Credit, including in connection with the opening, amendment or renewal of any
such Letter of Credit and any acceptances created thereunder and shall reimburse the Service Agent
for any and all fees and expenses, if any, paid by the Service Agent to the L/C Issuer, which
charges and fees shall be payable on demand or as otherwise mutually agreed upon by the Service
Agent and the Borrowers (all of the foregoing fees and charges, collectively, the “Letter of
Credit Fees”). Any such charge in effect at the time of a particular transaction shall be the
charge for that transaction, notwithstanding any subsequent change in the L/C Issuer’s prevailing
charges for that type of transaction. All Letter of Credit Fees payable hereunder shall be deemed
earned in full on the date when the same are due and payable hereunder and shall not be subject to
rebate or pro-ration upon the termination of this Agreement for any reason.

(e) In addition to any of the foregoing fees, Company agrees to pay to Agent all
fees payable by it in the Fee Letter in the amounts and at the times specified therein.

Section 2.11 Scheduled Repayments of Loans.

(a) Scheduled Term Loan Repayments. The principal amounts of the Term Loans
shall be repaid in consecutive quarterly installments (each, an “Installment”) in the
aggregate amounts set forth below on the last day of each Fiscal Quarter (each, an “Installment
Date”), commencing December 31, 2013:

	 	 	 	 	 	 	 
	Fiscal Quarter	 	Term Loan A Repayments	 	Term Loan B Repayments
	March 31, 2014
	 	$	200,000	 	 	An amount equal to 0.50%

of the aggregate Term Loan

B advanced to the

Borrowers as of such date

	June 30, 2014
	 	$	200,000	 	 	An amount equal to 0.50%

of the aggregate Term Loan

B advanced to the

Borrowers as of such date

	September 30, 2014
	 	$	200,000	 	 	An amount equal to 0.50%

of the aggregate Term Loan

B advanced to the

Borrowers

	December 31, 2014
	 	$	200,000	 	 	An amount equal to 0.50%

of the aggregate Term Loan

B advanced to the

Borrowers

	March 31, 2015
	 	$	200,000	 	 	An amount equal to 0.50%

of the aggregate Term Loan

B advanced to the

Borrowers

	June 30, 2015
	 	$	200,000	 	 	An amount equal to 0.50%

of the aggregate Term Loan

B advanced to the

Borrowers

	September 30, 2015
	 	$	200,000	 	 	An amount equal to 0.50%

of the aggregate Term Loan

B advanced to the

Borrowers

	December 31, 2015
	 	$	200,000	 	 	An amount equal to 0.50%

of the aggregate Term Loan

B advanced to the

Borrowers

	March 31, 2016 and each

Fiscal Quarter ending

thereafter
	 	$	500,000	 	 	An amount equal to 1.25%

of the aggregate Term Loan

B advanced to the

Borrowers

Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any
voluntary or mandatory prepayments of the Term Loan A or the Term Loan B, as the case may be, in
accordance with Sections 2.12 and 2.13, as applicable; and (y) the Term Loan A and
the Term Loan B, together with all other amounts owed hereunder with respect thereto, shall, in any
event, be paid in full no later than the Term Loan A Maturity Date and the Term Loan B Maturity
Date, respectively.

Section 2.12 Voluntary Prepayments and Commitment Reductions.

(a) Voluntary Prepayments.

(i) In the case of Term Loans, any time after the 18 month anniversary of the
Closing Date (provided that (x) Borrowers have not less than $5,000,000 of Availability immediately
after giving effect to any such voluntary prepayment, (y) the principal amount of such voluntary
prepayments of the Term Loans shall not exceed $5,000,000 in the aggregate in any Fiscal Year (or
$7,500,000 in the aggregate in any Fiscal Year if the Company and its Subsidiaries are in pro forma
compliance with a Fixed Charge Coverage Ratio of 1.00 to 1.00 or greater after giving effect to any
such voluntary prepayment in excess of $5,000,000 in the aggregate in any Fiscal Year), and (z) the
outstanding principal amount of the Term Loans may not be voluntarily prepaid to less than
$10,000,000 unless in connection with such voluntary prepayment this Agreement is terminated and
all Obligations are paid in full in cash in accordance with the terms herein), and, in the case of
Revolving Loans, any time after the Closing Date:

(A) with respect to Base Rate Loans, Borrowers may prepay any
such Loans on any Business Day in whole or in part, in an aggregate minimum
amount of $3,000,000 and integral multiples of $100,000 in excess of that
amount; and

(B) with respect to LIBOR Rate Loans, Borrowers may prepay
any such Loans on any Business Day in whole or in part (together with any
amounts due pursuant to Section 2.17(c)) in an aggregate minimum
amount of $3,000,000 and integral multiples of $100,000 in excess of that
amount.

(ii) All such prepayments shall be made:

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

(B) upon not less than three Business Days’ prior written or
telephonic notice in the case of LIBOR Rate Loans,

in each case given to Service Agent by 10:00 a.m. (New York City time) on the date required and, if
given by telephone, promptly confirmed in writing to Service Agent (and Service Agent will promptly
transmit such telephonic or original notice for Term Loans or Revolving Loans, as the case may be,
by facsimile, email or telephone to each Lender). Upon the giving of any such notice, the
principal amount of the Loans specified in such notice shall become due and payable on the
prepayment date specified therein. Any such voluntary prepayment shall be applied as specified in
Section 2.14(a) with respect to Revolving Loans and Section 2.14(b) with respect to
the Term Loans.

(b) Voluntary Commitment Reductions.

(i) Borrowers may, upon not less than three Business Days’ prior written or
telephonic notice confirmed in writing to Service Agent (which original written or telephonic
notice Service Agent will promptly transmit by facsimile, email or telephone to each applicable
Lender), at any time after the 18 month anniversary of the Closing Date terminate in whole or
permanently reduce in part (A) the Revolving Commitments in an amount up to the amount by which the
Revolving Commitments exceed the Total Revolving Usage at the time of such proposed termination or
reduction; provided, any such partial reduction of the Revolving Commitments shall be in an
aggregate minimum amount of $500,000 and integral multiples of $100,000 in excess of that amount
and (ii) the total Revolving Commitments may not be reduced to less than $30,000,000 unless this
Agreement is terminated and all Obligations are paid in full in cash in accordance with the terms
herein.

(ii) Borrowers may, upon not less than three Business Days’ prior written or
telephonic notice confirmed in writing to the Agent and Service Agent (which original written or
telephonic notice Service Agent will promptly transmit by facsimile, email or telephone to each
applicable Lender), at any time after July 1, 2014 terminate in whole or permanently reduce in part
the Term Loan B Commitments; provided, any such partial reduction of the Term Loan B
Commitments shall be in an aggregate minimum amount of $500,000 and integral multiples of $100,000
in excess of that amount.

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

(c) Yield Maintenance Premium. If, on or prior to the 18 month anniversary
of the Closing Date, Borrowers pay, for any reason (including, but not limited to, any optional or
mandatory payment after the occurrence of an Event of Default or after acceleration of the Loans),
all or any part of the principal balance of any Term Loan and/or any Commitment is reduced or
terminated (other than (i) the termination of any Term Loan Commitment on the Closing Date or the
date of the full funding of such Commitment or (ii) with respect to prepayments made pursuant to
Section 2.13(e)), Borrowers shall pay to Service Agent, for the benefit of all Lenders
entitled to a portion of such prepayment or reduction, an amount (the “Yield Maintenance
Premium”) equal to (A) the difference between (1) the aggregate amount of interest (including,
without limitation, interest payable in cash, in kind or deferred) which would have otherwise been
payable on the amount of the principal prepayment or commitment reduction from the date of
prepayment or reduction until the 18 month anniversary of the Closing Date, minus (2) the
aggregate amount of interest Lenders would earn if the prepaid or reduced principal amount were
reinvested for the period from the date of prepayment or reduction until the 18 month anniversary
of the Closing Date at the Treasury Rate (the term “Treasury Rate” shall mean a rate per
annum (computed on the basis of actual days elapsed over a year of 360 days) equal to the rate
determined by Service Agent on the date three (3) Business Days prior to the date of prepayment, to
be the yield expressed as a rate listed in The Wall Street Journal for United States Treasury
securities having a term of not greater than thirty-six (36) months), plus (B) an amount
equal to the Prepayment Premium that would otherwise be payable as if such prepayment had occurred
on the day after the 18 month anniversary of the Closing Date. No amount will be payable pursuant
to the foregoing provisions with respect to any prepayment of all or any part of any Loan after the
18 month anniversary of the Closing Date. Notwithstanding the foregoing, no Yield Maintenance
Premium shall be due and payable with respect to prepayments under Section 2.13(a), Section 2.13(c)
(solely with respect to Cash proceeds not in excess of $5,000,000) and Section 2.13(g) (solely with
respect to tax refunds) in an aggregate amount not to exceed $10,000,000 during the period from the
Closing Date until the first anniversary of the Closing Date.

(d) Call Protection. If, after the 18 month anniversary of the Closing
Date, Borrowers pay, for any reason (including, but not limited to, any optional or mandatory
payment after the occurrence of an Event of Default or after acceleration), all or any part of the
principal balance of any Term Loan and/or any Commitment is reduced or terminated (other than (i)
the termination of any Term Loan Commitments on the Closing Date or on the date of the full funding
of such Commitment or (ii) with respect to prepayments made pursuant to Section 2.13(e)),
Company shall pay to Service Agent, for the benefit of all Lenders entitled to a portion of such
prepayment or reduction a prepayment premium (the “Prepayment Premium”) on the amount so
prepaid or reduced as follows:

	 	 	 	 	 
	Relevant period (number of calendar months	 	Prepayment Premium as a
	elapsed since the Closing Date)	 	percentage of the amount so
	 	 	prepaid
	After 18 and prior to 31

	 	 	3.0	%
	on or after 31 and prior to 49

	 	 	1.0	%
	on or after 49

	 	 	0.0	%

Without limiting the generality of the foregoing, it is understood and agreed that if the
Obligations are accelerated for any reason, including because of default, sale, disposition or
encumbrance (including that by operation of law or otherwise), the Yield Maintenance Premium, if
any, and Prepayment Premium, if any, determined as of the date of acceleration will also be due and
payable as though said Indebtedness was voluntarily prepaid as of such date and shall constitute
part of the Obligations, in view of the impracticability and extreme difficulty of ascertaining
actual damages and by mutual agreement of the parties as to a reasonable calculation of each
Lender’s lost profits as a result thereof. Any Yield Maintenance Premium and Prepayment Premium
payable in accordance with the immediately preceding sentence shall be presumed to be the
liquidated damages sustained by each Lender as the result of the early termination and the
Borrowers agree that it is reasonable under the circumstances currently existing. The Yield
Maintenance Premium, if any, and Prepayment Premium, if any, shall also be payable in the event the
Obligations (and/or this Agreement or the Notes evidencing the Obligations) are satisfied or
released by foreclosure (whether by power of judicial proceeding), deed in lieu of foreclosure or
by any other means. THE BORROWERS EXPRESSLY WAIVE THE PROVISIONS OF ANY PRESENT OR FUTURE STATUTE
OR LAW THAT PROHIBITS OR MAY PROHIBIT THE COLLECTION OF THE FOREGOING YIELD MAINTENANCE PREMIUM AND
PREPAYMENT PREMIUM IN CONNECTION WITH ANY SUCH ACCELERATION. The Borrowers expressly agree that:
(A) the Yield Maintenance Premium and Prepayment Premium is reasonable and is the product of an
arm’s length transaction between sophisticated business people, ably represented by counsel; (B)
the Yield Maintenance Premium and Prepayment Premium shall be payable notwithstanding the then
prevailing market rates at the time payment is made; (C) there has been a course of conduct between
Lenders and the Borrowers giving specific consideration in this transaction for such agreement to
pay the Yield Maintenance Premium and Prepayment Premium; and (D) the Borrowers shall be estopped
hereafter from claiming differently than as agreed to in this paragraph. The Borrowers expressly
acknowledge that their agreement to pay the Yield Maintenance Premium and Prepayment Premium to
Lenders as herein described is a material inducement to Lenders to provide the Commitments and make
the Loans.

Section 2.13 Mandatory Prepayments.

(a) Asset Sales.

(i) No later than the first Business Day following the date of receipt by any Loan Party of
any Net Proceeds from Asset Sales (other than any Asset Sale described in the Designated
Transaction Letter) in excess of $500,000 in the aggregate in any Fiscal Year, Borrowers shall
prepay the Loans as set forth in Section 2.14(b) in an aggregate amount equal to such Net
Proceeds; provided, so long as (x) no Default or Event of Default shall have occurred and
be continuing, and (y) Administrative Borrower has delivered Agent prior written notice of
Borrowers’ intention to apply such monies (the “Reinvestment Amounts”) to the costs of
replacement of the properties or assets that are the subject of such sale or disposition or the
cost of purchase or construction of other assets useful in the business of Company or its
Subsidiaries; provided that (i) the property or assets disposed of constituted Term
Priority Collateral, (ii) such Reinvestment Amounts are used by a Loan Party to invest or reinvest
in, or otherwise replace, repair, restore or purchase properties or assets constituting  Term
Priority Collateral, (iii) the Reinvestment Amounts are held in a Deposit Account in which Agent
has a perfected first-priority security interest, and (iv) Company or its Subsidiaries, as
applicable, complete such replacement, purchase, or construction within 180 days after the initial
receipt of such monies, Company and its Subsidiaries shall have the option to apply such
Reinvestment Amounts in an aggregate amount not to exceed $2,000,000 in any Fiscal Year to the
costs of replacement of the assets that are the subject of such sale or disposition or the costs of
purchase or construction of other assets useful in the business of Company and its Subsidiaries, in
each case, unless and to the extent that such applicable period shall have expired without such
replacement, purchase or construction being made or completed, in which case, any Reinvestment
Amounts remaining in the cash collateral account shall be paid to Service Agent and applied in
accordance with Section 2.14(b).

(ii) No later than the first Business Day following the date of receipt by any Loan Party of
any Net Proceeds (and not the non-cash proceeds) of any Asset Sale described in the Designated
Transaction Letter, Borrowers shall prepay the Loans as set forth in Section 2.14(b) in an
aggregate amount equal to such Net Proceeds (and not the non-cash proceeds).

(iii) Nothing contained in this Section 2.13(a) shall permit Company or any of its
Subsidiaries to sell or otherwise dispose of any assets other than in accordance with Section
6.9.

(b) Insurance/Condemnation Proceeds. No later than the first Business Day
following the date of receipt by Company or any of its Subsidiaries, or Agent as loss payee, of any
Net Proceeds from insurance or any condemnation, taking or other casualty (other than up to
$3,000,000 in any Fiscal Year of Net Proceeds from any business interruption insurance policy),
Company shall prepay the Loans in an aggregate amount equal to such Net Proceeds (other than up to
$3,000,000 in any Fiscal Year of Net Proceeds from any business interruption insurance policy);
provided, (i) so long as no Default or Event of Default shall have occurred and be
continuing, and (ii) Administrative Borrower has delivered Agent prior written notice of Borrowers’
intention to apply the Reinvestment Amounts to the costs of replacement of the properties or assets
that are the subject of such condemnation, taking or other casualty or the cost of purchase or
construction of other assets useful in the business of Company or its Subsidiaries,
provided that (w) the property or assets subject to casualty or condemnation constituted
Term Priority Collateral, (x) such Reinvestment Amounts are used by a Loan Party to invest or
reinvest in, or otherwise replace, repair, restore or purchase properties or assets constituting
Term Priority Collateral, (y) the Reinvestment Amounts are held in a Deposit Account in which Agent
has a perfected first-priority security interest, and (z) Company or its Subsidiaries, as
applicable, complete such replacement, purchase, or construction within 180 days after the initial
receipt of such monies, Company and its Subsidiaries shall have the option to apply such
Reinvestment Amounts in an aggregate amount not to exceed (A) $3,000,000 in any Fiscal Year in the
case of Real Property and (B) $3,000,000 in any Fiscal Year in the case of any other assets, in
each case, to the costs of replacement of the assets that are the subject of such condemnation,
taking or other casualty or the costs of purchase or construction of other assets useful in the
business of Company and its Subsidiaries unless and to the extent that such applicable period shall
have expired without such replacement, purchase or construction being made or completed, in which
case, any Reinvestment Amounts remaining in the cash collateral account shall be paid to Service
Agent and applied in accordance with Section 2.14(b).

(c) Issuance of Equity Securities. On the date of receipt by Company of any
Cash proceeds from a capital contribution to, or the issuance of any Capital Stock of, Company or
any of its Subsidiaries (other than Capital Stock issued (i) pursuant to any employee stock or
stock option compensation plan, or (ii) for purposes approved in writing by Required Lenders),
Borrowers shall prepay the Loans and/or the Revolving Commitments shall be permanently reduced as
set forth in Section 2.14(b) in an aggregate amount equal to 50% of such proceeds, net of
underwriting discounts and commissions and other reasonable costs and expenses associated
therewith, in each case, paid to non-Affiliates, including reasonable legal fees and expenses. Any
amounts prepaid pursuant to this Section 2.13(c) in excess of 50% of such proceeds shall be
treated as voluntary prepayments made pursuant to Section 2.12(a).

(d) Issuance of Debt. On the date of receipt by Company or any of its
Subsidiaries of any Cash proceeds from the incurrence of any Indebtedness of Company or any of its
Subsidiaries (other than with respect to any Indebtedness permitted to be incurred pursuant to
Section 6.1), Borrowers shall prepay the Loans and/or the Revolving Commitments shall be
permanently reduced as set forth in Section 2.14(b) in an aggregate amount equal to 100% of
such proceeds, net of underwriting discounts and commissions and other reasonable costs and
expenses associated therewith, in each case, paid to non-Affiliates, including reasonable legal
fees and expenses.

(e) Consolidated Excess Cash Flow. In the event that there shall be
Consolidated Excess Cash Flow for any Fiscal Year (commencing with Fiscal Year 2014), Borrowers
shall, no later than ninety days after the end of such Fiscal Year, prepay the Term Loans in an
aggregate amount equal to (i) 75% of such Consolidated Excess Cash Flow if the Leverage Ratio as of
the last day of such Fiscal Year is greater than or equal to 4.00:1.00, and (ii) 50% of such
Consolidated Excess Cash Flow if the Leverage Ratio as of the last day of such Fiscal Year is less
than 4.00:1.00. Any amounts prepaid pursuant to this Section 2.13(e) with respect to any
Fiscal Year in excess of 75% (or, if applicable, 50%) of Consolidated Excess Cash Flow shall be
treated as voluntary prepayments made pursuant to Section 2.12(a).

(f) Revolving Loans. Borrowers shall from time to time prepay the Revolving
Loans to the extent necessary so that the Total Revolving Usage shall not at any time exceed the
lesser of (a) the Borrowing Base then in effect and (b) the Revolving Commitments then in effect.

(g) Extraordinary Receipts. On the date of receipt by Company or any of its
Subsidiaries of any Extraordinary Receipts in excess of $100,000 in the aggregate in any Fiscal
Year (or, in the case of tax refunds, $250,000 in any Fiscal Year), Borrowers shall prepay Loans
and/or Revolving Commitments shall be reduced as set forth in Section 2.14(b) in the amount
of such Extraordinary Receipts in excess of $100,000 (or, in the case of tax refunds, $250,000).

(h) Prepayment Certificate. Concurrently with any prepayment of the Loans
pursuant to Sections 2.13(a) through 2.13(e), Administrative Borrower shall deliver
to Agent and Service Agent a certificate of an Authorized Officer demonstrating the calculation of
the amount of the applicable net proceeds or Consolidated Excess Cash Flow and compensation owing
to Lenders under Section 2.12(c) or (d), if any, as the case may be. In the event
that Borrowers shall subsequently determine that the actual amount received exceeded the amount set
forth in such certificate, Administrative Borrower shall promptly make an additional prepayment of
the Loans, and Administrative Borrower shall concurrently therewith deliver to Agent and Service
Agent a certificate of an Authorized Officer demonstrating the derivation of such excess.

Section 2.14 Application of Prepayments/Reductions.

(a) Application of Voluntary Prepayments of Revolving Loans. Any prepayment
of any Revolving Loan pursuant to Section 2.12 shall be applied to repay outstanding
Revolving Loans to the full extent thereof.

(b) Application of Prepayments by Type of Loans. (1) Any prepayment of any
Term Loan pursuant to Section 2.12 and (2) except in connection with any Waivable Mandatory
Prepayment provided for in Section 2.14(c), so long as no Application Event has occurred
and is continuing, any mandatory prepayment of any Loan pursuant to Section 2.13 (other
than Section 2.13(f)), in each case, shall be applied as follows:

(i) the Proceeds from any prepayment pursuant to (x) any Asset Sale of any Revolver
Priority Collateral pursuant to Section 2.13(a), (y) any insurance policy or condemnation
award with respect to any Revolver Priority Collateral pursuant to Section 2.13(b) and (z)
any Extraordinary Receipts with respect to any Revolver Priority Collateral pursuant to Section
2.13(g) shall be applied (A) first, to prepay the principal of the Revolving Loan until
paid in full, (B) second, if an Event of Default has occurred and is continuing, to Cash
Collateralize Letters of Credit, and (C) third, to prepay the principal of the Term Loans
in the inverse order of maturity until paid in full;

(ii) the proceeds from any prepayment pursuant to (x) any Asset Sale of any Term
Priority Collateral pursuant to Section 2.13(a), (y) any insurance policy or condemnation
award with respect to any Term Priority Collateral pursuant to Section 2.13(b) and (z) any
Extraordinary Receipts with respect to any Term Priority Collateral pursuant to Section
2.13(g) shall be applied (A) first, to prepay the principal of the Term Loans in the
inverse order of maturity until paid in full, (B) second, to prepay the principal of the
Revolving Loan until paid in full, and (C) third, if an Event of Default has occurred and
is continuing, to Cash Collateralize Letters of Credit;

(iii) the proceeds from any prepayment pursuant to an Asset Sale of all or
substantially all of the assets or Capital Stock of any Person or any insurance which Asset Sale or
proceeds of insurance includes both (x) Revolver Priority Collateral and (y) Term Priority
Collateral, shall be applied in a manner mutually determined by the Agent and Service Agent acting
reasonably and in good faith; and

(iv) the proceeds from any prepayment event set forth in Section 2.13(c),
Section 2.13(d), Section 2.13(e) or Section 2.13(g) (other than any such
proceeds applied pursuant to clauses (b)(i) or (b)(ii) above) shall be applied, (A) first,
to prepay the principal of the Term Loans in the inverse order of maturity until paid in full,
(B) second, to prepay the principal of the Revolving Loan until paid in full, and (C)
third, if an Event of Default has occurred and is continuing, to Cash Collateralize Letters
of Credit; provided that, notwithstanding the foregoing, Proceeds from (x) working capital
adjustments in connection with any purchase price adjustment or (y) any purchase price adjustments
in connection with a purchase agreement where the Proceeds of Revolving Loans were used to pay the
purchase consideration, in each case, shall be applied to the payment of the Revolving Loans until
paid in full.

(v) Notwithstanding the foregoing, the Proceeds of all prepayments pursuant to any asset sale
of Specified Term Priority Collateral, any insurance policy or condemnation award with respect to
Specified Term Priority Collateral and any Extraordinary Receipts with respect to Specified Term
Priority Collateral shall not be applied to the Revolving Loans or to Cash Collateralize any
Letters of Credit.

(c) Waivable Mandatory Prepayment. Anything contained herein to the
contrary notwithstanding, in the event Borrowers are required to make any mandatory prepayment (a
"Waivable Mandatory Prepayment”) of the Term Loans, not less than three Business Days prior
to the date (the “Required Prepayment Date”) on which Borrowers are required to make such
Waivable Mandatory Prepayment, Administrative Borrower shall notify Service Agent of the amount of
such prepayment, and Service Agent will promptly thereafter notify each Lender holding an
outstanding Term Loan of the amount of such Lender’s Pro Rata Share of such Waivable Mandatory
Prepayment and such Lender’s option to refuse such amount (the “Declined Proceeds”). Each
such Lender may exercise such option by giving written notice to Administrative Borrower and
Service Agent of its election to do so on or before the first Business Day prior to the Required
Prepayment Date (it being understood that any Lender which does not notify Administrative Borrower
and Service Agent of its election to exercise such option on or before the first Business Day prior
to the Required Prepayment Date shall be deemed to have elected, as of such date, not to exercise
such option). On the Required Prepayment Date, Borrowers shall pay to Service Agent the amount of
the Waivable Mandatory Prepayment, which amount shall be applied (i) in an amount equal to that
portion of the Waivable Mandatory Prepayment payable to those Lenders that have elected not to
exercise such option, to prepay the Term Loans of such Lenders (which prepayment shall be applied
to the scheduled Installments of principal of the Term Loan A and Term Loan B in accordance with
Section 2.14(b)), and (ii) to the extent of any excess, to Borrowers for working capital
and general corporate purposes.

(d) Application of Prepayments of Loans to Base Rate Loans and LIBOR Rate Loans;
Application of Prepayments to Term Loans. Considering each Class of Loans being prepaid
separately, any prepayment thereof shall be applied first to Base Rate Loans to the full extent
thereof before application to LIBOR Rate Loans, in each case in a manner which minimizes the amount
of any payments required to be made by Borrowers pursuant to Section 2.17(c). All
prepayments of Term Loans shall be made ratably between the Term Loan A and the Term Loan B.

(e) Application Event; Interest and Fees. At any time an Application Event
has occurred and is continuing, all payments shall be applied pursuant to Section 2.15(h).
Nothing contained herein shall modify the provisions of Section 2.12(c), Section
2.12(d) or Section 2.15(b) regarding the requirement that all prepayments be
accompanied by accrued interest and fees on the principal amount being prepaid to the date of such
prepayment and the applicable Yield Maintenance Premium and Prepayment Premium, or any requirement
otherwise contained herein to pay all other amounts as the same become due and payable.

Section 2.15 General Provisions Regarding Payments.

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

(b) All payments in respect of the principal amount of any Loan (other than
voluntary prepayments of Revolving Loans) shall be accompanied by payment of accrued interest on
the principal amount being repaid or prepaid, the Yield Maintenance Premium, the Prepayment Premium
and all commitment fees and other amounts payable with respect to the principal amount being repaid
or prepaid.

(c) Service Agent shall promptly distribute to each Lender at such address as such
Lender shall indicate in writing, such Lender’s applicable Pro Rata Share of all payments and
prepayments of principal and interest due hereunder, together with all other amounts due with
respect thereto, including, without limitation, all fees payable with respect thereto, to the
extent received by Service Agent.

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

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

(f) Borrowers hereby authorize Service Agent to charge Borrowers’ accounts with
Service Agent or any of its Affiliates in order to cause timely payment to be made to Service Agent
of all principal, interest, fees and expenses due hereunder (subject to sufficient funds being
available in its accounts for that purpose). The Lenders and Borrowers also hereby authorize
Service Agent to, and Service Agent may, from time to time, charge the Loan Account with any amount
due and payable by Borrowers under any Loan Document. Each of the Lenders and Borrowers agrees
that Service Agent shall have the right to make such charges whether or not any Default or Event of
Default shall have occurred and be continuing or whether any of the conditions precedent in
Section 3.2 have been satisfied. Any amount charged to the Loan Account shall be deemed a
Revolving Loan hereunder made by the Lenders to Borrowers, funded by Service Agent on behalf of the
Lenders and subject to Section 2.2. The Lenders and Borrowers confirm that any charges
which Service Agent may so make to the Loan Account as herein provided will be made as an
accommodation to Borrowers and solely at Service Agent’s discretion, provided that Service Agent
shall from time to time upon the request of Agent, charge the Loan Account of Borrowers with any
amount due and payable under any Loan Document.

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

(h) At any time an Application Event has occurred and is continuing, or the maturity
of the Obligations shall have been accelerated pursuant to Section 8.1, all payments or
proceeds received by Agent or Service Agent hereunder or under any Collateral Document in respect
of any of the Obligations, including, but not limited to all proceeds received by Agent or Service
Agent in respect of any sale, any collection from, or other realization upon all or any part of the
Collateral, shall be applied in full or in part as follows:

(i) except to the extent provided in clause (iii) below, with respect to Revolver
Priority Collateral Proceeds and payments made using Revolver Priority Collateral Proceeds,
(A) first, ratably to pay the Obligations in respect of any fees (including any fees or charges
assessed by the L/C Issuer), expense reimbursements, indemnities and other amounts then due and
payable to the Agent, Service Agent or the L/C Issuer until paid in full; provided, that, the
foregoing shall not include any such amounts with respect to Environmental Liabilities and Costs
incurred in connection with the foreclosure upon (or other exercise of secured creditor rights and
remedies solely with respect to), or ownership of, Specified Term Priority Collateral by Agent or
any Term Loan Lender (or any entity created by Agent or the Term Loan Lenders for purposes of
owning Specified Term Priority Collateral on behalf of the Agent or Term Loan Lenders); (B) second,
ratably to pay the Obligations in respect of any fees (excluding any Yield Maintenance Premium and
Prepayment Premium) (including Letter of Credit Fees payable to the Revolving Loan Lenders),
expense reimbursements and indemnities then due and payable to the Revolving Loan Lenders until
paid in full; (C) third, ratably to pay interest then due and payable in respect of the Protective
Advances until paid in full; (D) fourth, ratably to pay principal of the Protective Advances until
paid in full; (E) fifth, ratably to pay interest then due and payable in respect of the Revolving
Loans and Reimbursement Obligations until paid in full; (F) sixth, ratably to pay principal of the
Revolving Loans and Letter of Credit Obligations (or, to the extent such Obligations are
contingent, to provide Cash Collateralization in respect of such Obligations) until paid in full;
(G) seventh, ratably to pay the Bank Product Obligations in an amount not to exceed the amount of
the Bank Product Reserve; (H) eighth, ratably to pay the Obligations in respect of any fees
(excluding any Yield Maintenance Premium and Prepayment Premium), expense reimbursements and
indemnities then due and payable to the Term Loan Lenders until paid in full; (I) ninth, ratably to
pay interest then due and payable in respect of the Term Loans until paid in full; (J) tenth,
ratably to pay principal of the Term Loans until paid in full; (K) eleventh,  ratably to pay any
Yield Maintenance Premium and Prepayment Premium then due and payable in respect of the Revolving
Commitment until paid in full, (L) twelfth,  ratably to pay any Yield Maintenance Premium and
Prepayment Premium then due and payable in respect of the Term Loans until paid in full; (M)
thirteenth, ratably to pay the Bank Product Obligations to the extent not paid under clause (G)
above, and (N) fourteenth,  to the ratable payment of all other Obligations then due and payable
until paid in full;

(ii) except to the extent provided in clause (iii) below, with respect to Term
Priority Collateral Proceeds and payments made using Term Priority Collateral Proceeds, (A) first,
ratably to pay the Obligations in respect of any fees, expense reimbursements, indemnities and
other amounts then due and payable to the Agent and Service Agent until paid in full; (B) second,
ratably to pay the Obligations in respect of any fees (excluding any Yield Maintenance Premium and
Prepayment Premium), expense reimbursements and indemnities then due and payable to the Term Loan
Lenders until paid in full; (C) third, ratably to pay interest then due and payable in respect of
the Protective Advances until paid in full; (D) fourth, ratably to pay principal of the Protective
Advances until paid in full; (E) fifth, ratably to pay interest then due and payable in respect of
the Term Loans until paid in full; (F) sixth, ratably to pay principal of the Term Loans until paid
in full; (G) seventh, ratably to pay the Obligations in respect of any fees (excluding any Yield
Maintenance Premium and Prepayment Premium) (including Letter of Credit Fees and out-of-pocket
charges assessed in connection with any Letters of Credit payable to the L/C Issuer or the
Revolving Loan Lenders), expense reimbursements and indemnities then due and payable to the
Revolving Loan Lenders until paid in full; (H) eighth, ratably to pay interest then due and payable
in respect of the Revolving Loans and Reimbursement Obligations until paid in full; (I) ninth,
ratably to pay principal of the Revolving Loans and Letter of Credit Obligations (or, to the extent
such Obligations are contingent, to provide Cash Collateralization in respect of such Obligations)
until paid in full; (J) tenth, ratably to pay the Bank Product Obligations in an amount not to
exceed the amount of the Bank Product Reserve; (K) eleventh, ratably to pay any Yield Maintenance
Premium and Prepayment Premium then due and payable and payable in respect of the Term Loans until
paid in full, (L) twelfth, ratably to pay any Yield Maintenance Premium and Prepayment Premium then
due and payable in respect of the Revolving Commitment until paid in full; (M) thirteenth, ratably
to pay the Bank Product Obligations to the extent not paid under clause (J) above, and
(N) fourteenth, to the ratable payment of all other Obligations then due and payable until paid in
full, provided that, notwithstanding the foregoing, Proceeds of Specified Term Priority Collateral
shall not be applied to pay the Obligations in clauses (G), (H), (I), (J), (L) and (M) above; and

(iii) with respect to the Proceeds of any Asset Sale of all or substantially all of
the assets or Capital Stock of any Person or any insurance which Asset Sale or proceeds of
insurance includes both (x) Revolver Priority Collateral and (y) Term Priority Collateral, such
Proceeds and payments using such Proceeds shall be applied in a manner mutually determined by the
Agent and Service Agent acting reasonably and in good faith.

(i) For purposes of Section 2.15(h) (other than clause (N) of
Section 2.15(h)(i) and clause (N) of Section 2.15(h)(ii)) “paid in full”
means payment in cash of all amounts owing under the Loan Documents according to the terms thereof,
including loan fees, service fees, professional fees, interest (and specifically including interest
accrued after the commencement of any Insolvency Proceeding), default interest, interest on
interest, and expense reimbursements, whether or not the same would be or is allowed or disallowed
in whole or in part in any Insolvency Proceeding, except to the extent that default or
overdue interest (but not any other interest) and loan fees, each arising from or related to a
default, are disallowed in any Insolvency Proceeding; provided, however, that for
the purposes of clause (N) of Section 2.15(h)(i) and clause (N) of
Section 2.15(h)(ii), “paid in full” means payment in cash of all amounts owing under the
Loan Documents according to the terms thereof, including loan fees, service fees, professional
fees, interest (and specifically including interest accrued after the commencement of any
Insolvency Proceeding), default interest, interest on interest, and expense reimbursements, whether
or not the same would be or is allowed or disallowed in whole or in part in any Insolvency
Proceeding.

(j) In the event of a direct conflict between the priority provisions of Section
2.15(h) and other provisions contained in any other Loan Document, it is the intention of the
parties hereto that both such priority provisions in such documents shall be read together and
construed, to the fullest extent possible, to be in concert with each other. In the event of any
actual, irreconcilable conflict that cannot be resolved as aforesaid, the terms and provisions of
Section 2.15(h) shall control and govern.

Section 2.16 Ratable Sharing. Lenders hereby agree among themselves that,
except as otherwise provided in the Collateral Documents with respect to amounts realized from the
exercise of rights with respect to Liens on the Collateral, if any of them shall, whether by
voluntary payment (other than a voluntary prepayment of Loans made and applied in accordance with
the terms hereof), through the exercise of any right of set off or banker’s lien, by counterclaim
or cross action or by the enforcement of any right under the Loan Documents or otherwise, or as
adequate protection of a deposit treated as cash collateral under the Bankruptcy Code, receive
payment or reduction of a proportion of the aggregate amount of principal, interest, amounts
payable in respect of Letters of Credit, fees and other amounts then due and owing to such Lender
hereunder or under the other Loan Documents (collectively, the “Aggregate Amounts Due” to
such Lender) which is greater than the proportion received by any other Lender in respect of the
Aggregate Amounts Due to such other Lender having Loans of the same Class, then the Lender
receiving such proportionately greater payment shall (a) notify Service Agent and each other Lender
of the receipt of such payment and (b) apply a portion of such payment to purchase participations
(which it shall be deemed to have purchased from each seller of a participation simultaneously upon
the receipt by such seller of its portion of such payment) in the Aggregate Amounts Due to the
other Lenders so that all such recoveries of Aggregate Amounts Due shall be shared by all Lenders
having Loans of the same Class in proportion to the Aggregate Amounts Due to them;
provided, if all or part of such proportionately greater payment received by such
purchasing Lender is thereafter recovered from such Lender upon the bankruptcy or reorganization of
any Loan Party or otherwise, those purchases shall be rescinded and the purchase prices paid for
such participations shall be returned to such purchasing Lender ratably to the extent of such
recovery, but without interest. Each Loan Party expressly consents to the foregoing arrangement
and agrees that any holder of a participation so purchased may exercise any and all rights of
banker’s lien, set off or counterclaim with respect to any and all monies owing by such Loan Party
to that holder with respect thereto as fully as if that holder were owed the amount of the
participation held by that holder.

Section 2.17 Making or Maintaining LIBOR Rate Loans.

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

(b) Illegality or Impracticability of LIBOR Rate Loans. In the event that
on any date any Lender shall have determined (which determination shall be final and conclusive and
binding upon all parties hereto but shall be made only after consultation with Administrative
Borrower and Service Agent) that the making, maintaining or continuation of its LIBOR Rate Loans
(i) has become unlawful as a result of compliance by such Lender in good faith with any law,
treaty, governmental rule, regulation, guideline or order (or would conflict with any such treaty,
governmental rule, regulation, guideline or order not having the force of law even though the
failure to comply therewith would not be unlawful), or (ii) has become impracticable, as a result
of contingencies occurring after the date hereof which materially and adversely affect the London
interbank market or the position of such Lender in that market, then, and in any such event, such
Lender shall be an “Affected Lender” and it shall on that day give notice (by facsimile,
email or by telephone confirmed in writing) to Administrative Borrower and Service Agent of such
determination (which notice Service Agent shall promptly transmit to each other Lender).
Thereafter (A) the obligation of the Affected Lender to make Loans as, or to convert Loans to,
LIBOR Rate Loans shall be suspended until such notice shall be withdrawn by the Affected Lender,
(B) to the extent such determination by the Affected Lender relates to a LIBOR Rate Loan then being
requested by Administrative Borrower pursuant to a Funding Notice or a Conversion/Continuation
Notice, the Affected Lender shall make such Loan as (or continue such Loan as or convert such Loan
to, as the case may be) a Base Rate Loan, (C) the Affected Lender’s obligation to maintain its
outstanding LIBOR Rate Loans (the “Affected Loans”) shall be terminated at the earlier to
occur of the expiration of the Interest Period then in effect with respect to the Affected Loans or
when required by law, and (D) the Affected Loans shall automatically convert into Base Rate Loans
on the date of such termination. Notwithstanding the foregoing, to the extent a determination by
an Affected Lender as described above relates to a LIBOR Rate Loan then being requested by
Administrative Borrower pursuant to a Funding Notice or a Conversion/Continuation Notice,
Administrative Borrower shall have the option, subject to the provisions of Section
2.17(c), to rescind such Funding Notice or Conversion/Continuation Notice as to all Lenders by
giving notice (by facsimile, email or by telephone confirmed in writing) to Service Agent of such
rescission on the date on which the Affected Lender gives notice of its determination as described
above (which notice of rescission Service Agent shall promptly transmit to each other Lender).
Except as provided in the immediately preceding sentence, nothing in this Section 2.17(b)
shall affect the obligation of any Lender other than an Affected Lender to make or maintain Loans
as, or to convert Loans to, LIBOR Rate Loans in accordance with the terms hereof.

(c) Compensation for Breakage or Non-Commencement of Interest Periods.
Borrowers shall compensate each Lender, upon written request by such Lender (which request shall
set forth the basis for requesting such amounts), for all reasonable losses, expenses and
liabilities (including any interest paid or calculated to be due and payable by such Lender to
lenders of funds borrowed by it to make or carry its LIBOR Rate Loans and any loss, expense or
liability sustained by such Lender in connection with the liquidation or re-employment of such
funds but excluding loss of anticipated profits) which such Lender may sustain: (i) if for any
reason (other than a default by such Lender) a borrowing of any LIBOR Rate Loan does not occur on a
date specified therefor in a Funding Notice or a telephonic request for borrowing, or a conversion
to or continuation of any LIBOR Rate Loan does not occur on a date specified therefor in a
Conversion/Continuation Notice or a telephonic request for conversion or continuation; (ii) if any
prepayment or other principal payment of, or any conversion of, any of its LIBOR Rate Loans occurs
on any day other than the last day of an Interest Period applicable to that Loan (whether
voluntary, mandatory, automatic, by reason of acceleration, or otherwise); or (iii) if any
prepayment of any of its LIBOR Rate Loans is not made on any date specified in a notice of
prepayment given by Administrative Borrower.

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

(e) Assumptions Concerning Funding of LIBOR Rate Loans. Calculation of all
amounts payable to a Lender under this Section 2.17 and under Section 2.18 shall be
made as though such Lender had actually funded each of its relevant LIBOR Rate Loans through the
purchase of a LIBOR deposit bearing interest at the rate obtained pursuant to clause (a)(i)
of the definition of Adjusted LIBOR Rate in an amount equal to the amount of such LIBOR Rate Loan
and having a maturity comparable to the relevant Interest Period and through the transfer of such
LIBOR deposit from an offshore office of such Lender to a domestic office of such Lender in the
United States of America; provided, however, each Lender may fund each of its LIBOR
Rate Loans in any manner it sees fit and the foregoing assumptions shall be utilized only for the
purposes of calculating amounts payable under this Section 2.17 and under Section
2.18.

Section 2.18 Increased Costs; Capital Adequacy.

(a) Compensation For Increased Costs and Taxes. Subject to the provisions
of Section 2.19 (which shall be controlling with respect to the matters covered thereby),
in the event that any Lender (which term shall include L/C Issuer for purposes of this Section
2.18(a)) shall determine (which determination shall, absent manifest error, be final and
conclusive and binding upon all parties hereto) that any law, treaty or governmental rule,
regulation or order, or any change therein or in the interpretation, administration or application
thereof (including the introduction of any new law, treaty or governmental rule, regulation or
order), or any determination of a court or Governmental Authority, in each case that becomes
effective after the date hereof, or compliance by such Lender with any guideline, request or
directive issued or made after the date hereof by any central bank or other governmental or
quasi-Governmental Authority (whether or not having the force of law): (i) subjects such Lender
(or its applicable lending office) to any additional Tax (other than any Tax on the overall net
income of such Lender) with respect to this Agreement or any of the other Loan Documents or any of
its obligations hereunder or thereunder or any payments to such Lender (or its applicable lending
office) of principal, interest, fees or any other amount payable hereunder; (ii) imposes, modifies
or holds applicable any reserve (including any marginal, emergency, supplemental, special or other
reserve), special deposit, compulsory loan, FDIC insurance or similar requirement against assets
held by, or deposits or other liabilities in or for the account of, or advances or loans by, or
other credit extended by, or any other acquisition of funds by, any office of such Lender (other
than any such reserve or other requirements with respect to LIBOR Rate Loans that are reflected in
the definition of Adjusted LIBOR Rate); or (iii) imposes any other condition (other than with
respect to a Tax matter) on or affecting such Lender (or its applicable lending office) or its
obligations hereunder or the London interbank market; and the result of any of the foregoing is to
increase the cost to such Lender of agreeing to make, making or maintaining Loans hereunder or to
reduce any amount received or receivable by such Lender (or its applicable lending office) with
respect thereto; then, in any such case, Borrowers shall promptly pay to such Lender, upon receipt
of the statement referred to in the next sentence, such additional amount or amounts (in the form
of an increased rate of, or a different method of calculating, interest or otherwise as such Lender
in its sole discretion shall determine) as may be necessary to compensate such Lender for any such
increased cost or reduction in amounts received or receivable hereunder. Such Lender shall deliver
to Administrative Borrower (with a copy to Service Agent) a written statement, setting forth in
reasonable detail the basis for calculating the additional amounts owed to such Lender under this
Section 2.18(a), which statement shall be conclusive and binding upon all parties hereto
absent manifest error.

(b) Capital Adequacy Adjustment. In the event that any Lender (which term
shall include L/C Issuer for purposes of this Section 2.18(b)) shall have determined that
the adoption, effectiveness, phase in or applicability after the Closing Date of any law, rule or
regulation (or any provision thereof) regarding capital adequacy, or any change therein or in the
interpretation or administration thereof by any Governmental Authority, central bank or comparable
agency charged with the interpretation or administration thereof, or compliance by any Lender (or
its applicable lending office) with any guideline, request or directive regarding capital adequacy
(whether or not having the force of law) of any such Governmental Authority, central bank or
comparable agency, has or would have the effect of reducing the rate of return on the capital of
such Lender or any corporation controlling such Lender as a consequence of, or with reference to,
such Lender’s Loans or Commitments or other obligations hereunder with respect to the Loans to a
level below that which such Lender or such controlling corporation could have achieved but for such
adoption, effectiveness, phase in, applicability, change or compliance (taking into consideration
the policies of such Lender or such controlling corporation with regard to capital adequacy), then
from time to time, within five Business Days after receipt by Administrative Borrower from such
Lender of the statement referred to in the next sentence, Borrowers shall pay to such Lender such
additional amount or amounts as will compensate such Lender or such controlling corporation on an
after tax basis for such reduction. Such Lender shall deliver to Administrative Borrower (with a
copy to Service Agent) a written statement, setting forth in reasonable detail the basis for
calculating the additional amounts owed to Lender under this Section 2.18(b), which
statement shall be conclusive and binding upon all parties hereto absent manifest error.

Section 2.19 Taxes; Withholding, etc.

(a) Withholding of Taxes. All sums payable by any Loan Party hereunder and
under the other Loan Documents shall (except to the extent required by law) be paid free and clear
of, and without any deduction or withholding on account of, any Tax, other than (i) Taxes imposed
on or measured by the recipient’s net income (however denominated) and franchise Taxes imposed on
the recipient, in both cases, (A) by the jurisdiction (or any political subdivision thereof) under
the laws of which such recipient is organized or in which its principal office is located or, in
the case of any Lender, in which its applicable lending office i located or (B) as the result of
any other present or former connection between such recipient and the jurisdiction imposing such
Tax (other than connections arising from such recipient having executed, delivered, become a party
to, performed its obligations under, received payments under, received or perfected a security
interest under, engaged in any other transaction pursuant to or enforced any Loan Document), (ii)
in the case of a Lender, United States federal income withholding Taxes imposed on amounts payable
to or for the account of such Lender pursuant to a law in effect on the date on which such Lender
becomes a party hereto or such Lender changes its lending office, except that this clause
(ii) shall not apply to the extent that, pursuant to this Section 2.19 amounts with
respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender
became a party hereto or to such Lender immediately before it changed its lending office, (iii)
Taxes attributable to such recipient’s failure to comply with Section 2.19(d) and (iv)
Taxes imposed under FATCA (all such non-excluded Taxes, collectively or individually,
"Indemnified Taxes”). If any Loan Party or any other Person is required by law to make any
deduction or withholding on account of any Indemnitee Tax or Other Tax from any sum paid or payable
by any Loan Party to Agent, Service Agent or any Lender (which term shall include L/C Issuer for
purposes of this Section 2.19(a)) under any of the Loan Documents: (1) Administrative
Borrower shall notify Service Agent of any such requirement or any change in any such requirement
as soon as Administrative Borrower becomes aware of it; (2) Borrowers shall pay any such Tax before
the date on which penalties attach thereto, such payment to be made (if the liability to pay is
imposed on any Loan Party) for its own account or (if that liability is imposed on Agent, Service
Agent or such Lender, as the case may be) on behalf of and in the name of Agent, Service Agent or
such Lender; (3) the sum payable by such Loan Party shall be increased to the extent necessary to
ensure that, after the making of that deduction, withholding or payment, Agent, Service Agent or
such Lender, as the case may be, receives on the due date a net sum equal to what it would have
received had no such deduction, withholding or payment been required or made; and (4) within thirty
days after paying any sum from which it is required by law to make any deduction or withholding,
Company shall deliver to Service Agent evidence satisfactory to the other affected parties of such
deduction, withholding or payment and of the remittance thereof to the relevant taxing or other
authority.

(b) Other Taxes. The Loan Parties shall pay to the relevant Governmental
Authorities any present or future stamp or documentary Taxes or any other excise or property Taxes
that arise from any payment made hereunder or from the execution, delivery or registration of, or
otherwise with respect to, this Agreement or any other Loan Document (“Other Taxes”).
Within thirty days after paying any such Other Taxes, each Loan Party shall deliver to Service
Agent and any Lender evidence reasonably satisfactory to Service Agent and Lenders that such Other
Taxes have been paid to the relevant Governmental Authority.

(c) Tax Indemnification. The Loan Parties hereby jointly and severally
indemnify and agree to hold Agent, Service Agent and Lender harmless from and against all
Indemnified Taxes and Other Taxes (including, without limitation, Indemnified Taxes and Other Taxes
imposed on any amounts payable under this Section 2.19) paid by such Person, whether or not
such Indemnified Taxes or Other Taxes were correctly or legally asserted. Such indemnification
shall be paid within ten days from the date on which Agent, Service Agent or Lender makes written
demand therefor specifying in reasonable detail the nature and amount of such Indemnified Taxes or
Other Taxes.

(d) Evidence of Exemption From U.S. Withholding Tax.

(i) Each Lender (which term shall include L/C Issuer for purposes of this
Section 2.19(d)(i)) that is not a United States Person (as such term is defined in Section
7701(a)(30) of the Internal Revenue Code) for United States federal income tax purposes (a
"Non-US Lender”) shall deliver to Service Agent (for transmission to Administrative
Borrower upon Administrative Borrower’s written request), on or prior to the Closing Date (in the
case of each Lender listed on the signature pages hereof on the Closing Date) or on or prior to the
date such Person becomes a Lender hereunder, and at such other times as may be necessary in the
determination of Service Agent (in its reasonable exercise of its discretion), (i) two original
copies of Internal Revenue Service Form W-8IMY (with appropriate attachments), W-8BEN or W-8ECI (or
any successor forms), as applicable, properly completed and duly executed by such Lender to
establish that such Lender is not subject to deduction or withholding of United States federal
income tax with respect to any payments to such Lender of principal, interest, fees or other
amounts payable under any of the Loan Documents, and (ii) if such Lender is claiming exemption from
United States federal income tax under Section 871(h) or 881(c) of the Internal Revenue Code, a
Certificate Regarding Non-Bank Status, properly completed and duly executed by such Lender. Each
Lender required to deliver any forms or certificates with respect to United States federal income
tax withholding matters pursuant to this Section 2.19(d) hereby agrees, from time to time
after the initial delivery by such Lender of such forms or certificates, whenever a lapse in time
or change in circumstances renders such forms or certificates obsolete or inaccurate in any
material respect, that such Lender shall deliver to Service Agent (for transmission to
Administrative Borrower upon Administrative Borrower’s written request) two new original copies of
Internal Revenue Service Form W-8IMY (with appropriate attachments thereto), W-8BEN or W-8ECI, as
applicable, and, if applicable, a Certificate Regarding Non-Bank Status (or any successor forms),
as the case may be, properly completed and duly executed by such Lender, or notify Service Agent
and Administrative Borrower of its inability to deliver any such forms or certificates.
Notwithstanding the above, a Non-US Lender shall not be required to deliver any form pursuant to
that such Non-US Lender is not legally able to deliver.

(ii) If a payment made to a Lender under any Loan Document would be subject to
United States federal withholding Tax imposed by FATCA if such Lender were to fail to comply with
the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or
1472(b) of the Internal Revenue Code, as applicable), such Lender shall deliver to Administrative
Borrower and Service Agent at the time or times prescribed by Law and at such time or times
reasonably requested by Administrative Borrower or Service Agent such documentation prescribed by
applicable Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Internal Revenue Code)
and such additional documentation reasonably requested by Administrative Borrower or Service Agent
as may be necessary for Administrative Borrower and Service Agent to comply with their obligations
under FATCA and to determine that such Lender has complied with such Lender’s obligations under
FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of
this Section 2.19(d)(ii), FATCA shall include any amendments made to FATCA after the date
of this Agreement. Notwithstanding the above, a Lender shall not be required to deliver any form
or other form of documentation pursuant to Section 2.19(d)(i) that such Non-US Lender is
not legally able to deliver.

(iii) Each Lender that is a United States Person (as such term is defined in Section
7701(a)(30) of the Internal Revenue Code) for United States federal income tax purposes shall
deliver to Service Agent (for transmission to Administrative Borrower upon Administrative
Borrower’s written request), on or prior to the Closing Date (in the case of each such Lender
listed on the signature pages hereof on the Closing Date) or on or prior to the date such Person
becomes a Lender hereunder, and at such other times as may be necessary in the determination of
Service Agent (in its reasonable exercise of its discretion), two original copies of Internal
Revenue Service Form W-9 (or any successor forms) properly completed and duly executed by such
Lender to establish that such Lender is not subject to United States backup withholding taxes with
respect to any payments to such Lender of principal, interest, fees or other amounts payable under
any of the Loan Documents.

Section 2.20 Obligation to Mitigate. Each Lender (which term shall include
L/C Issuer for purposes of this Section 2.20) agrees that, as promptly as practicable after
the officer of such Lender responsible for administering its Loans becomes aware of the occurrence
of an event or the existence of a condition that would cause such Lender to become an Affected
Lender or that would entitle such Lender to receive payments under Section 2.17,
2.18 or 2.19, it will, to the extent not inconsistent with the internal policies of
such Lender and any applicable legal or regulatory restrictions, use reasonable efforts to (a)
make, issue, fund or maintain its Credit Extensions, including any Affected Loans, through another
office of such Lender, or (b) take such other measures as such Lender may deem reasonable, if as a
result thereof the circumstances which would cause such Lender to be an Affected Lender would cease
to exist or the additional amounts which would otherwise be required to be paid to such Lender
pursuant to Section 2.17, 2.18 or 2.19 would be materially reduced and if,
as determined by such Lender in its sole discretion, the making, issuing, funding or maintaining of
such Revolving Commitments, or Loans through such other office or in accordance with such other
measures, as the case may be, would not otherwise adversely affect such Revolving Commitments, or
Loans or the interests of such Lender; provided, such Lender will not be obligated to
utilize such other office pursuant to this Section 2.20 unless Borrowers agree to pay all
incremental expenses incurred by such Lender as a result of utilizing such other office as
described above. A certificate as to the amount of any such expenses payable by Borrowers pursuant
to this Section 2.20 (setting forth in reasonable detail the basis for requesting such
amount) submitted by such Lender to Administrative Borrower (with a copy to Service Agent) shall be
conclusive absent manifest error.

Section 2.21 Defaulting Lenders. Anything contained herein to the contrary
notwithstanding, in the event that any Lender violates any provision of Section 9.5(c), or,
other than at the direction or request of any regulatory agency or authority, defaults (in each
case, a “Defaulting Lender”) in its obligation to fund (a “Funding Default”) any
Revolving Loan, Term Loan or its portion of any unreimbursed payment under Section 2.3(d)
(in each case, a “Defaulted Loan”), then (a) during any Default Period with respect to such
Defaulting Lender, such Defaulting Lender shall be deemed not to be a “Lender” for purposes of
voting on any matters (including the granting of any consents or waivers) with respect to any of
the Loan Documents; (b) to the extent permitted by applicable law, until such time as the Default
Excess, if any, with respect to such Defaulting Lender shall have been reduced to zero, (i) any
voluntary prepayment of the Revolving Loans or Term Loans shall, if Service Agent so directs at the
time of making such voluntary prepayment, be applied to the Revolving Loans or Term Loans of other
Lenders as if such Defaulting Lender had no Revolving Loans or Term Loans outstanding and the
Revolving Exposure and the outstanding Term Loan Loans of such Defaulting Lender were zero, and
(ii) any mandatory prepayment of the Revolving Loans or Term Loans shall, if Service Agent so
directs at the time of making such mandatory prepayment, be applied to the Revolving Loans or Term
Loans of other Lenders (but not to the Revolving Loans or Term Loans of such Defaulting Lender) as
if such Defaulting Lender had funded all Defaulted Loans of such Defaulting Lender, it being
understood and agreed that Borrowers shall be entitled to retain any portion of any mandatory
prepayment of the Revolving Loans or Term Loans that is not paid to such Defaulting Lender solely
as a result of the operation of the provisions of this clause (b); (c) such Defaulting
Lender’s Revolving Commitment and outstanding Revolving Loans and such Defaulting Lender’s Pro Rata
Share of the Letter of Credit Obligations shall be excluded for purposes of calculating the
Revolving Commitment fee payable to Lenders in respect of any day during any Default Period with
respect to such Defaulting Lender, and such Defaulting Lender shall not be entitled to receive any
Revolving Commitment fee pursuant to Section 2.10 with respect to such Defaulting Lender’s
Revolving Commitment in respect of any Default Period with respect to such Defaulting Lender; and
(d) the Total Revolving Usage as at any date of determination shall be calculated as if such
Defaulting Lender had funded all Defaulted Loans of such Defaulting Lender. No Revolving
Commitment or Term Loan Commitment of any Lender shall be increased or otherwise affected, and,
except as otherwise expressly provided in this Section 2.21, performance by a Borrower of
its obligations hereunder and the other Loan Documents shall not be excused or otherwise modified
as a result of any Funding Default or the operation of this Section 2.21. The rights and
remedies against a Defaulting Lender under this Section 2.21 are in addition to other
rights and remedies which Borrowers may have against such Defaulting Lender with respect to any
Funding Default and which Service Agent or any Lender may have against such Defaulting Lender with
respect to any Funding Default or violation of Section 9.5(c).

Section 2.22 Removal or Replacement of a Lender. Anything contained herein
to the contrary notwithstanding, in the event that: (a) (i) any Lender (an “Increased Cost
Lender”) shall give notice to Administrative Borrower that such Lender is an Affected Lender or
that such Lender is entitled to receive payments under Section 2.18, 2.19 or
2.20, (ii) the circumstances which have caused such Lender to be an Affected Lender or
which entitle such Lender to receive such payments shall remain in effect, and (iii) such Lender
shall fail to withdraw such notice within five Business Days after Administrative Borrower’s
request for such withdrawal; or (b) (i) any Lender shall become a Defaulting Lender, (ii) the
Default Period for such Defaulting Lender shall remain in effect, and (iii) such Defaulting Lender
shall fail to cure the default as a result of which it has become a Defaulting Lender within five
Business Days after Administrative Borrower’s request that it cure such default; or (c) in
connection with any proposed amendment, modification, termination, waiver or consent with respect
to any of the provisions hereof as contemplated by Section 10.5(b), the consent of Agent
and Required Lenders shall have been obtained but the consent of one or more of such other Lenders
(each a “Non-Consenting Lender”) whose consent is required shall not have been obtained;
then, with respect to each such Increased Cost Lender, Defaulting Lender or Non-Consenting Lender
(the “Terminated Lender”), Agent may (which, in the case of an Increased-Cost Lender, only
after receiving written request from Administrative Borrower to remove such Increased-Cost Lender),
by giving written notice to Administrative Borrower and any Terminated Lender of its election to do
so, elect to cause such Terminated Lender (and such Terminated Lender hereby irrevocably agrees) to
assign its outstanding Loans and its Revolving Commitments, if any, in full to one or more Eligible
Assignees (each a “Replacement Lender”) in accordance with the provisions of Section
10.6 and Terminated Lender shall pay any fees payable thereunder in connection with such
assignment; provided, (1) on the date of such assignment, the Replacement Lender shall pay
to Terminated Lender an amount equal to the sum of (A) an amount equal to the principal of, and all
accrued interest on, all outstanding Loans of the Terminated Lender, (B) an amount equal to all
unreimbursed drawings that have been funded by such Terminated Lender, together with all then
unpaid interest with respect thereto at such time and (C) an amount equal to all accrued, but
theretofore unpaid fees owing to such Terminated Lender pursuant to Section 2.10; (2) on
the date of such assignment, Borrowers shall pay any amounts payable to such Terminated Lender
pursuant to Section 2.18 or 2.19; and (3) in the event such Terminated Lender is a
Non-Consenting Lender, each Replacement Lender shall consent, at the time of such assignment, to
each matter in respect of which such Terminated Lender was a Non-Consenting Lender. Upon the
prepayment of all amounts owing to any Terminated Lender and the termination of such Terminated
Lender’s Revolving Commitments, if any, such Terminated Lender shall no longer constitute a
“Lender” for purposes hereof; provided, Agent may not make such election with respect to
any Terminated Lender that is also the L/C Issuer unless, prior to the effectiveness of such
election, Service Agent shall have caused each outstanding Letter of Credit issued thereby to be
cancelled. Upon the prepayment of all amounts owing to any Terminated Lender and the termination
of such Terminated Lender’s Revolving Commitments, if any, such Terminated Lender shall no longer
constitute a “Lender” for purposes hereof; provided, any rights of such Terminated Lender
to indemnification hereunder shall survive as to such Terminated Lender; provided, any
rights of such Terminated Lender to indemnification hereunder shall survive as to such Terminated
Lender.

Section 2.23 Rights of Borrowers against Defaulting Lenders. Except as
expressly provided herein, nothing contained herein shall be construed to waive or limit the
Borrowers’ rights and remedies against a Defaulting Lender.

ARTICLE III

CONDITIONS PRECEDENT

Section 3.1 Closing Date. The obligation of each Lender or L/C Issuer, as
applicable, to make a Credit Extension or Service Agent to procure any Letter of Credit on the
Closing Date is subject to the satisfaction, or waiver in accordance with Section 10.5, of
the following conditions on or before the Closing Date:

(a) Loan Documents. Agent shall have received sufficient copies of each
Loan Document (including, without limitation, the Subordination Agreements) originally executed and
delivered by each applicable Loan Party for each Lender.

(b) Organizational Documents; Incumbency. Agent shall have received (i)
sufficient copies of each Organizational Document executed and delivered by each Loan Party, as
applicable, and, to the extent applicable, certified as of a recent date by the appropriate
governmental official, each dated the Closing Date or a recent date prior thereto; (ii) signature
and incumbency certificates of the officers of such Person executing the Loan Documents to which it
is a party; (iii) resolutions of the Board of Directors or similar governing body of each Loan
Party approving and authorizing the execution, delivery and performance of this Agreement and the
other Loan Documents and the Related Agreements to which it is a party or by which it or its assets
may be bound as of the Closing Date, certified as of the Closing Date by its secretary or an
assistant secretary as being in full force and effect without modification or amendment; (iv) a
good standing certificate from the applicable Governmental Authority of each Loan Party’s
jurisdiction of incorporation, organization or formation and in each jurisdiction in which it is
qualified as a foreign corporation or other entity to do business, each dated a recent date prior
to the Closing Date; and (v) such other documents as Agent may reasonably request.

(c) Organizational and Capital Structure. The organizational structure and
capital structure of Company and its Subsidiaries shall be as set forth on Schedule 4.1,
and shall be reasonably satisfactory to the Agent.

(d) Existing Indebtedness. On the Closing Date, Company and its
Subsidiaries shall have (i) contemporaneously with the funding of the Term Loan A and the Revolving
Loans to be made on the Closing Date, repaid in full all Existing Indebtedness (other than a
portion of the Existing Convertible Notes in the aggregate principal amount not in excess of
$27,000,000, (ii) terminated any commitments to lend or make other extensions of credit thereunder,
(iii) entered into an amendment to the Existing Convertible Notes in form and substance
satisfactory to Agent, (iv) delivered to Agent all documents or instruments necessary to release
all Liens securing Existing Indebtedness or other obligations of Company and its Subsidiaries
thereunder being repaid on the Closing Date, and (v) made arrangements reasonably satisfactory to
Agent with respect to the cancellation or cash collateralization of any letters of credit
outstanding thereunder or the issuance of Letters of Credit to support the obligations of Company
and its Subsidiaries with respect thereto.

(e) Sources and Uses. On or prior to the Closing Date, Company shall have
delivered to Agent Company’s reasonable best estimate of all sources and uses of Cash and other
proceeds on the Closing Date.

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

(g) Material Real Estate Assets. In order to create in favor of Agent, for
the benefit of Secured Parties, a valid and, subject to any filing and/or recording referred to
herein, perfected First Priority security interest in the Material Real Estate Assets listed on
Schedule 3.1(g), Agent shall have received from each applicable Loan Party:

(i) fully executed and notarized Mortgages, in proper form for recording in all
appropriate places in all applicable jurisdictions, encumbering each Material Real Estate Asset
listed in Schedule 3.1(g);

(ii) an opinion of counsel (which counsel shall be reasonably satisfactory to Agent)
in each jurisdiction in which such Material Real Estate Asset is located with respect to the
enforceability of the form(s) of Mortgages to be recorded in such jurisdiction and such other
matters as Agent may reasonably request, in each case in form and substance reasonably satisfactory
to Agent;

(iii)  (A) ALTA mortgagee title insurance policies or unconditional commitments
therefor issued by one or more title companies reasonably satisfactory to Agent with respect to
each such Material Real Estate Asset (each, a “Title Policy”), in amounts not less than the fair
market value of each such Material Real Estate Asset, together with a title report issued by a
title company with respect thereto, dated not more than thirty days prior to the Closing Date and
copies of all recorded documents listed as exceptions to title or otherwise referred to therein,
each in form and substance reasonably satisfactory to Agent and (B) evidence satisfactory to Agent
that such Loan Party has paid to the title company or to the appropriate Governmental Authorities
all expenses and premiums of the title company and all other sums required in connection with the
issuance of each Title Policy and all recording and stamp taxes (including mortgage recording and
intangible taxes) payable in connection with recording the Mortgages for each such Material Real
Estate Asset in the appropriate real estate records;

(iv) evidence of flood insurance with respect to each Flood Hazard Property that is
located in a community that participates in the National Flood Insurance Program, in each case in
compliance with any applicable regulations of the Board of Governors of the Federal Reserve System,
in form and substance reasonably satisfactory to Agent; and

(v) ALTA surveys of all such Real Estate Assets, certified to Agent.

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

(i) evidence reasonably satisfactory to Agent of the compliance by each Loan Party
of their obligations under the Pledge and Security Agreement and the other Collateral Documents
(including, without limitation, their obligations to authorize or execute, as the case may be, and
deliver UCC financing statements, originals of securities, instruments and chattel paper and any
agreements governing deposit and/or securities accounts as provided therein and a duly executed
authorization to pre-file UCC-1 financing statements), together with (A) appropriate financing
statements on Form UCC-1 duly filed in such office or offices as may be necessary or, in the
opinion of Agent, desirable to perfect the security interests purported to be created by each
Pledge and Security Agreement and each Mortgage and (B) evidence reasonably satisfactory to Agent
of the filing of such UCC-1 financing statements;

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

(iii) evidence that each Loan Party shall have taken or caused to be taken any other
action, executed and delivered or caused to be executed and delivered any other agreement, document
and instrument (including without limitation, (A) a Collateral Access Agreement executed by the
landlord of any Leasehold Property and by the applicable Loan Party, and (B) any intercompany notes
evidencing Indebtedness permitted to be incurred pursuant to clause (b) of the definition
of Permitted Indebtedness) and made or caused to be made any other filing and recording (other than
as set forth herein) reasonably required by Agent.

(i) Environmental Reports. Agent shall have received reports and other
information, in form, scope and substance reasonably satisfactory to Agent, regarding environmental
matters relating to the Facilities, which reports shall include a Phase I Report for each of the
Material Real Estate Assets listed on Schedule 3.1(g).

(j) Financial Statements; Projections. Lenders shall have received from
Company (i) the Historical Financial Statements, (ii) pro forma consolidated and consolidating
balance sheets of Company and its Subsidiaries as at the Closing Date, and reflecting the
financings and the other transactions contemplated by the Loan Documents to occur on or prior to
the Closing Date, which pro forma financial statements shall be in form and substance reasonably
satisfactory to Agent, and (iii) the Projections.

(k) Evidence of Insurance. Agent shall have received a certificate from
Company’s insurance broker or other evidence reasonably satisfactory to it that all insurance
required to be maintained pursuant to Section 5.5 is in full force and effect, together
with endorsements naming Agent, for the benefit of Secured Parties, as additional insured and loss
payee thereunder to the extent required under Section 5.5, in each case, in form and
substance reasonably satisfactory to Agent.

(l) Opinions of Counsel to Loan Parties. Lenders and their respective
counsel shall have received originally executed copies of the favorable written opinions of (i)
Lowenstein Sandler LLP, counsel for Loan Parties, (ii) Arnold S. Graber, General Counsel of the
Loan Parties, (iii) Cohen & Grigsby, P.C., Pennsylvania counsel for Loan Parties, (iv) Baker
Hostetler LLP, Ohio, Texas and Illinois counsel for Loan Parties, and (v) Adams and Reese LLP,
Alabama counsel for Loan Parties, in each case, as to such matters as Agent may reasonably request,
dated as of the Closing Date and otherwise in form and substance reasonably satisfactory to Agent
(and each Loan Party hereby instructs such counsel to deliver such opinions to Agent, Service Agent
and Lenders).

(m) Fees. Company shall have paid to Agent the fees payable on the Closing
Date referred to in the Fee Letter and Section 2.10(e).

(n) Solvency Certificate. On the Closing Date, Agent shall have received a
Solvency Certificate of the Company executed on its behalf by its chief financial officer
substantially in the form of Exhibit F-2, dated as of the Closing Date and addressed to the
Agent, Service Agent and Lenders, and in form, scope and substance reasonably satisfactory to the
Agent, with appropriate attachments and demonstrating that after giving effect to the consummation
of the transactions contemplated herein, Company and its Subsidiaries are and will be Solvent.

(o) Closing Date Certificate. Company shall have delivered to the Agent and
Service Agent an originally executed Closing Date Certificate, together with all attachments
thereto.

(p) Closing Date. Lenders shall have made the initial Term Loans to Company
on or before November 22, 2013.

(q) No Litigation. There shall not exist any action, suit, investigation,
litigation or proceeding or other legal or regulatory developments, pending or threatened in any
court or before any arbitrator or Governmental Authority that, in the reasonable discretion of
Agent, singly or in the aggregate, materially impairs the repayment of the Existing Indebtedness,
the financing thereof or any of the other transactions contemplated by the Loan Documents, or that
could reasonably be expected to have a Material Adverse Effect.

(r) Due Diligence. Agent and Service Agent shall have completed their
business, legal, and collateral due diligence, including, without limitation, (i) a collateral
audit and review of Company’s and its Subsidiaries’ books and records and verification of the Loan
Parties’ representations and warranties to the Agent, Service Agent and the Lenders, the results of
which shall be reasonably satisfactory to Agent and Service Agent, (ii) an inspection of each of
the locations where Company’s and its Subsidiaries’ Equipment is located, the results of which
shall be reasonably satisfactory to Agent and Service Agent, (ii) an inspection of each of the
locations where Company and its Subsidiaries’ Inventory is located, (iii) completion of background
reference checks for management of the Loan Parties, the results of which shall be reasonably
satisfactory to Agent and Service Agent, (iv) review of the Loan Parties’ insurance policies, the
results of which shall be reasonably satisfactory to Agent and Service Agent, (v) review of the
Loan Parties’ Material Contracts, the results of which shall be reasonably satisfactory to Agent
and Service Agent, and (vi) customer calls with Loan Parties’ customers, the results of which shall
be reasonably satisfactory to Agent and Service Agent.

(s) Accounting Due Diligence Report. Agent shall have received a
third-party accounting due diligence report with respect to Company and its Subsidiaries, the
results of which are satisfactory to Agent.

(t) Minimum EBITDA. The pro forma financial statements delivered pursuant
to Section 3.1(j) shall demonstrate in form and substance reasonably satisfactory to Agent
that on the Closing Date and immediately after giving effect to any Credit Extensions to be made on
the Closing Date, including the payment of all Transaction Costs required to be paid in Cash,
Company shall have generated trailing twelve month Consolidated EBITDA of at least $17,100,000 with
adjustments subject to Agent’s reasonable satisfaction.

(u) Minimum Liquidity. The Company shall have a minimum of $20,000,000 of
Closing Consolidated Liquidity immediately after giving effect to the transactions contemplated
hereby to occur on the Closing Date, including, without limitation, after giving effect to all
amounts to be borrowed and paid on the Closing Date).

(v) Maximum Senior Leverage Ratio. The pro forma balance sheet delivered
pursuant to Section 3.1(j) shall demonstrate in form and substance reasonably satisfactory
to Agent and Service Agent that on the Closing Date and immediately after giving effect to any
Credit Extensions to be made on the Closing Date, including the payment of all Transaction Costs
required to be paid in Cash, the ratio of (i) the sum of (a) the outstanding Loans as of the
Closing Date and (b) the aggregate outstanding obligations under all Capital Leases of the Company
and its Subsidiaries as of the Closing Date to (ii) pro forma Consolidated EBITDA for the most
recent twelve calendar month period ending at least thirty-one (31) days prior to the Closing Date
shall not be greater than 8.00:1.00.

(w) No Material Adverse Effect. Since December 31, 2012, no event,
circumstance or change shall have occurred that has caused or evidences, either in any case or in
the aggregate, a Material Adverse Effect.

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

(y) Service of Process. On the Closing Date, Agent shall have received
satisfactory evidence that the Company has appointed (on behalf of itself and each of its
Subsidiaries) an agent in New York City for the purpose of service of process in New York City and
such agent shall agree in writing to give Agent notice of any resignation of such service agent or
other termination of the agency relationship.

(z) Bank Regulations. Agent and Service Agent shall have received all
documentation and other information reasonably requested that is required by bank regulatory
authorities under applicable “know-your-customer” and anti-money laundering rules and regulations,
including the Patriot Act, and all such documentation and other information shall be in form and
substance reasonably satisfactory to the Agent and Service Agent.

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

Section 3.2 Conditions to Each Credit Extension.

(a) Conditions Precedent. The obligation of each Lender to make any Loan,
or L/C Issuer to issue , or Service Agent to procure any Letter of Credit, on any Credit Date,
including the Closing Date, are subject to the satisfaction, or waiver in accordance with
Section 10.5, of the following conditions precedent:

(i) Agent and Service Agent shall have received a fully executed and delivered
Funding Notice or a Letter of Credit, as the case may be;

(ii) after making the Credit Extensions requested on such Credit Date, the Total
Revolving Usage shall not exceed the lesser of (1) the Borrowing Base then in effect and (2)
Revolving Commitments then in effect;

(iii) as of such Credit Date, the representations and warranties contained herein
and in each other Loan Document, certificate or other writing delivered to Agent, Service Agent or
any Lender pursuant hereto or thereto on or prior to the Credit Date shall be true and correct in
all material respects (except that such materiality qualifier shall not be applicable to any
representations or warranties that already are qualified or modified as to “materiality” or
“Material Adverse Effect” in the text thereof, which representations and warranties shall be true
and correct in all respects subject to such qualification) on and as of that Credit Date to the
same extent as though made on and as of that date, except to the extent such representations and
warranties specifically relate to an earlier date, in which case such representations and
warranties shall have been true and correct in all material respects (except that such materiality
qualifier shall not be applicable to any representations or warranties that already are qualified
or modified as to “materiality” or “Material Adverse Effect” in the text thereof, which
representations and warranties shall be true and correct in all respects subject to such
qualification) on and as of such earlier date;

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

(v) on or before the date of issuance of any Letter of Credit, Service Agent shall
have received all documents or information as L/C Issuer may reasonably require in connection with
the issuance of such Letter of Credit;

(vi) the Loan Parties shall have paid all fees, costs and expenses then payable by
the Loan Parties pursuant to this Agreement and the other Loan Documents, including, without
limitation, the Fee Letter, Section 2.10, and Section 10.2 hereof;

(vii) the making of such Loan or the issuance of such Letter of Credit shall not
contravene any law, rule or regulation applicable to Agent, Service Agent, any Lender or L/C
Issuer; and

(viii) with respect to any Credit Extension, the use of proceeds of which is
intended to finance a Permitted Acquisition, Agent shall have received evidence that the related
acquisition is a Permitted Acquisition and all acquisition documentation shall be in form and
substance satisfactory to Agent in its reasonable discretion.

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

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

ARTICLE IV

REPRESENTATIONS AND WARRANTIES

In order to induce Agent, Service Agent, Lenders and L/C Issuer to enter into this Agreement
and to make each Credit Extension to be made thereby, each Loan Party represents and warrants to
Agent, Service Agent, Lenders and L/C Issuer, on the Closing Date and on each Credit Date, that the
following statements are true and correct (it being understood and agreed that the representations
and warranties made on the Closing Date are deemed to be made concurrently with the consummation of
the transactions contemplated hereby):

Section 4.1 Organization; Requisite Power and Authority; Qualification.
Each of Company and its Subsidiaries (a) is duly organized, validly existing and in good standing
under the laws of its jurisdiction of organization as identified in Schedule 4.1, (b) has
all requisite power and authority to own and operate its properties, to carry on its business as
now conducted and as proposed to be conducted, to enter into the Loan Documents to which it is a
party and to carry out the transactions contemplated thereby and, in the case of a Borrower, to
make the borrowings hereunder, and (c) is qualified to do business and in good standing in every
jurisdiction where its assets are located and wherever necessary to carry out its business and
operations, except in jurisdictions where the failure to be so qualified or in good standing has
not had, and could not be reasonably expected to have, a Material Adverse Effect.

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

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

Section 4.4 No Conflict. The execution, delivery and performance by Loan
Parties of the Loan Documents to which they are parties and the consummation of the transactions
contemplated by the Loan Documents do not and will not (a) violate any provision of any law or any
governmental rule or regulation applicable to Company or any of its Subsidiaries, any of the
Organizational Documents of Company or any of its Subsidiaries, or any order, judgment or decree of
any court or other agency of government binding on Company or any of its Subsidiaries; (b) conflict
with, result in a breach of or constitute (with due notice or lapse of time or both) a default
under any Contractual Obligation of Company or any of its Subsidiaries; (c) result in or require
the creation or imposition of any Lien upon any of the properties or assets of Company or any of
its Subsidiaries (other than any Liens created under any of the Loan Documents in favor of Agent,
on behalf of Secured Parties); (d) result in any default, non-compliance, suspension revocation,
impairment, forfeiture or non-renewal of any permit, license, authorization or approval applicable
to its operations or any of its properties; or (e) require any approval of stockholders, members or
partners or any approval or consent of any Person under any Contractual Obligation of Company or
any of its Subsidiaries, except for such approvals or consents which will be obtained on or before
the Closing Date and disclosed in writing to Lenders.

Section 4.5 Governmental Consents. The execution, delivery and performance
by Loan Parties of the Loan Documents to which they are parties and the consummation of the
transactions contemplated by the Loan Documents do not and will not require any registration with,
consent or approval of, or notice to, or other action to, with or by, any Governmental Authority,
except for filings and recordings with respect to the Collateral to be made, or otherwise delivered
to Agent for filing and/or recordation, as of the Closing Date.

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

Section 4.7 Historical Financial Statements. The Historical Financial
Statements were prepared in conformity with GAAP and fairly present, in all material respects, the
financial position, on a consolidated basis, of the Persons described in such financial statements
as at the respective dates thereof and the results of operations and cash flows, on a consolidated
basis, of the entities described therein for each of the periods then ended, subject, in the case
of any such unaudited financial statements, to changes resulting from audit and normal year end
adjustments. As of the Closing Date, neither Company nor any of its Subsidiaries has any
contingent liability or liability for taxes, long term lease or unusual forward or long term
commitment that is not reflected in the Historical Financial Statements or the notes thereto and
which in any such case is material in relation to the business, operations, properties, assets,
condition (financial or otherwise) or prospects of Company and any of its Subsidiaries taken as a
whole. The pro forma consolidated balance sheet of Company and its Subsidiaries as of the Closing
Date after giving effect to the transactions contemplated hereby to occur on the Closing Date,
certified by the chief financial officer of Company, a copy of which has been furnished to each
Lender, fairly presents in all material respects the pro forma financial condition of Company and
its Subsidiaries as of such date.

Section 4.8 Projections. On and as of the Closing Date, the Projections of
Company and its Subsidiaries for the period of Fiscal Year 2013 through and including Fiscal Year
2014 including monthly projections for each month during the Fiscal Year in which the Closing Date
takes place, (the “Projections”) are based on good faith estimates and assumptions made by
the management of Company; provided, the Projections are not to be viewed as facts and that
actual results during the period or periods covered by the Projections may differ from such
Projections and that the differences may be material; provided, further, as of the
Closing Date, management of Company believed that the Projections were reasonable and attainable.
Such Projections, as so updated, shall be believed by Company at the time furnished to be
reasonable, shall have been prepared on a reasonable basis and in good faith by Company, and shall
have been based on assumptions believed by Company to be reasonable at the time made and upon the
best information then reasonably available to Company, and as of the date hereof Company shall not
be aware of any facts or information that would lead it to believe that such projections, as so
updated, are not attainable.

Section 4.9 No Material Adverse Effect. Since December 31, 2012 no event,
circumstance or change has occurred that constitutes, either in any case or in the aggregate, a
Material Adverse Effect.

Section 4.10 Adverse Proceedings, etc. There are no Adverse Proceedings,
individually or in the aggregate, that (a) relate to any Loan Document or the transactions
contemplated hereby or thereby or (b) could reasonably be expected to have a Material Adverse
Effect. Neither Company nor any of its Subsidiaries (i) is in violation of any applicable laws
that, individually or in the aggregate, could reasonably be expected to have a Material Adverse
Effect, or (ii) is subject to or in default with respect to any final judgments, writs,
injunctions, decrees, rules or regulations of any court or any federal, state, municipal or other
governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign,
that, individually or in the aggregate, could reasonably be expected to have a Material Adverse
Effect. Company and its Subsidiaries have paid in full all sums owing or claimed for labor,
materials, supplies, personal property, and services of every kind and character used, furnished or
installed in or on any Real Estate Asset that are now due and owing and no claim for same exists,
except (i) such claims as have arisen in the ordinary course of business and that are not yet past
due, and (ii) such claims in an aggregate amount not to exceed $750,000.

Section 4.11 Payment of Taxes. Except as otherwise permitted under
Section 5.3, all tax returns and reports of Company and its Subsidiaries required to be
filed by any of them have been timely filed, and all taxes due and payable and all assessments,
fees and other governmental charges upon Company and its Subsidiaries and upon their respective
properties, assets, income, businesses and franchises which are due and payable have been paid when
due and payable (other than taxes, assessments, fees and other governmental charges in an amount
not to exceed $300,000). Company knows of no proposed tax assessment against Company or any of its
Subsidiaries which is not being actively contested by Company or such Subsidiary in good faith and
by appropriate proceedings; provided, such reserves or other appropriate provisions, if
any, as shall be required in conformity with GAAP shall have been made or provided therefor.

Section 4.12 Properties.

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

(b) Real Estate. As of the Closing Date, Schedule 4.12 contains a
true, accurate and complete list of (i) all Real Estate Assets, (ii) all leases, subleases or
assignments of leases (together with all amendments, modifications, supplements, renewals or
extensions of any thereof) affecting each Real Estate Asset of any Loan Party, regardless of
whether such Loan Party is the landlord or tenant (whether directly or as an assignee or successor
in interest) under such lease, sublease or assignment and (iii) the termination date under each
lease or sublease. Each agreement described in clause (ii) of the immediately preceding
sentence is in full force and effect and Company does not have knowledge of any default that has
occurred and is continuing thereunder, and each such agreement constitutes the legally valid and
binding obligation of each applicable Loan Party, enforceable against such Loan Party in accordance
with its terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization,
moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable
principles. To the best knowledge of each Loan Party, no other party to any such agreement is in
default of its obligations thereunder, and no Loan Party (or any other party to any such agreement)
has at any time delivered or received any notice of default which remains uncured under any such
Lease and, as of the Closing Date, no event has occurred which, with the giving of notice or the
passage of time or both, would constitute a default under any such agreement.

Section 4.13 Environmental Matters. Except as set forth on Schedule
4.13:

(a) No Environmental Claim has been asserted against any Loan Party or any
predecessor in interest nor has any Loan Party received notice of any threatened or pending
Environmental Claim against Loan Party or any predecessor in interest.

(b) There has been no Release or threatened Release of Hazardous Materials and, to
the best knowledge of each Loan Party, there are no Hazardous Materials present in violation in any
material respect of Environmental Law at any of the properties currently or formerly owned or
operated by any Loan Party or any predecessor in interest, or to the knowledge of any Loan Party,
at any disposal or treatment facility which received Hazardous Materials generated by any Loan
Party or any predecessor in interest or related entity.

(c) The operation of the business of, and each of the properties owned or operated
by, each Loan Party are in compliance in all material respects with all Environmental Laws.

(d) Each Loan Party holds and is in compliance in all material respects with
Governmental Authorizations required under any Environmental Laws in connection with the operations
carried on by it and the properties owned or operated by such Loan Party.

(e) To the best knowledge of each Loan Party, no event or condition has occurred or
is occurring with respect to any Environmental Law, any Release of Hazardous Materials, or any
Hazardous Materials Activity which could reasonably be expected to form the basis of an
Environmental Claim against any Loan Party.

(f) No Loan Party has received any notification pursuant to any Environmental Laws
that (i) any work, repairs, construction or Capital Expenditures are required to be made in respect
as a condition of continued compliance with any Environmental Laws, or any license, permit or
approval issued pursuant thereto or (ii) any license, permit or approval referred to above is about
to be reviewed, made, subject to limitations or conditions, revoked, withdrawn or terminated,

(g) The Loan Parties have made available to the Agent true and complete copies of
all environmental reports, audits and investigations in the possession of the Loan Parties related
to the Real Property or the operations of the Loan Parties.

Section 4.14 No Defaults. Neither Company nor any of its Subsidiaries is in
default in the performance, observance or fulfillment of any of the obligations, covenants or
conditions contained in any of its Contractual Obligations, and no condition exists which, with the
giving of notice or the lapse of time or both, could constitute such a default, except where the
consequences, direct or indirect, of such default or defaults, if any, could not reasonably be
expected to have a Material Adverse Effect.

Section 4.15 Material Contracts. Schedule 4.15 contains a true,
correct and complete list of all the Material Contracts in effect on the Closing Date, which,
together with any updates provided pursuant to Section 5.1(l), all such Material Contracts
are in full force and effect, no Loan Party is in default thereunder, and, to the best of the Loan
Parties’ knowledge, no counterparty to such contracts is in default thereunder (other than as
described in Schedule 4.15 or in such updates).

Section 4.16 Governmental Regulation. Neither Company nor any of its
Subsidiaries is subject to regulation under the Public Utility Holding Company Act of 2005, the
Federal Power Act or the Investment Company Act of 1940 or under any other federal or state statute
or regulation which may limit its ability to incur Indebtedness or which may otherwise render all
or any portion of the Obligations unenforceable. Neither Company nor any of its Subsidiaries is a
“registered investment company” or a company “controlled” by a “registered investment company” or a
“principal underwriter” of a “registered investment company” as such terms are defined in the
Investment Company Act of 1940.

Section 4.17 Margin Stock. Neither Company nor any of its Subsidiaries is
engaged principally, or as one of its important activities, in the business of extending credit for
the purpose of purchasing or carrying any Margin Stock. No part of the proceeds of the Loans made
to such Loan Party will be used to purchase or carry any such Margin Stock or to extend credit to
others for the purpose of purchasing or carrying any such Margin Stock or for any purpose that
violates, or is inconsistent with, the provisions of Regulation T, U or X of the Board of Governors
of the Federal Reserve System.

Section 4.18 Employee Matters. Neither Company nor any of its Subsidiaries
is engaged in any unfair labor practice that could reasonably be expected to have a Material
Adverse Effect. There is (a) no unfair labor practice complaint pending against Company or any of
its Subsidiaries, or to the best knowledge of Company, threatened against any of them before the
National Labor Relations Board and no grievance or arbitration proceeding arising out of or under
any collective bargaining agreement that is so pending against Company or any of its Subsidiaries
or to the best knowledge of Company, threatened against any of them, (b) no strike or work stoppage
in existence or threatened involving Company or any of its Subsidiaries, and (c) to the best
knowledge of Company, no union representation question existing with respect to the employees of
Company or any of its Subsidiaries and, to the best knowledge of Company and Company, no union
organization activity that is taking place, except (with respect to any matter specified in
clause (a), (b) or (c) above, either individually or in the aggregate) such
as is not reasonably likely to have a Material Adverse Effect.

Section 4.19 Employee Benefit Plans. Company, each of its Subsidiaries and
each of their respective ERISA Affiliates are in compliance in all material respects with all
applicable provisions and requirements of ERISA and the Internal Revenue Code and the regulations
and published interpretations thereunder with respect to each Employee Benefit Plan, and have
performed all their obligations under each Employee Benefit Plan. Each Employee Benefit Plan which
is intended to qualify under Section 401(a) of the Internal Revenue Code has received a favorable
determination letter from the Internal Revenue Service indicating that such Employee Benefit Plan
is so qualified and nothing has occurred subsequent to the issuance of such determination letter
which would cause such Employee Benefit Plan to lose its qualified status. No liability to the
PBGC (other than required premium payments), the Internal Revenue Service, any Employee Benefit
Plan or any trust established under Title IV of ERISA has been or is expected to be incurred by
Company, any of its Subsidiaries or any of their ERISA Affiliates. No ERISA Event has occurred or
is reasonably expected to occur. Except to the extent required under Section 4980B of the Internal
Revenue Code or similar state laws, no Employee Benefit Plan provides health or welfare benefits
(through the purchase of insurance or otherwise) for any retired or former employee of Company, any
of its Subsidiaries or any of their respective ERISA Affiliates. The present value of the
aggregate benefit liabilities under each Pension Plan sponsored, maintained or contributed to by
Company, any of its Subsidiaries or any of their ERISA Affiliates (determined as of the end of the
most recent plan year on the basis of the actuarial assumptions specified for funding purposes in
the most recent actuarial valuation for such Pension Plan), did not exceed the aggregate current
value of the assets of such Pension Plan. As of the most recent valuation date for each
Multiemployer Plan for which the actuarial report is available, the potential liability of Company,
its Subsidiaries and their respective ERISA Affiliates for a complete withdrawal from such
Multiemployer Plan (within the meaning of Section 4203 of ERISA), when aggregated with such
potential liability for a complete withdrawal from all Multiemployer Plans, based on information
available pursuant to Section 4221(e) of ERISA is zero. Company, each of its Subsidiaries and each
of their ERISA Affiliates have complied with the requirements of Section 515 of ERISA with respect
to each Multiemployer Plan and are not in material “default” (as defined in Section 4219(c)(5) of
ERISA) with respect to payments to a Multiemployer Plan.

Section 4.20 Certain Fees. Except for fees payable by the Loan Parties to
Cowen and Company, LLC, no broker’s or finder’s fee or commission will be payable with respect
hereto or any of the transactions contemplated hereby.

Section 4.21 Solvency. Each Loan Party is and, upon the incurrence of any
Credit Extension by such Loan Party on any date on which this representation and warranty is made,
will be, Solvent.

Section 4.22 Related Agreements.

(a) Delivery. Company has delivered to Agent complete and correct copies of
each Related Agreement and of all exhibits and schedules thereto as of the date hereof.

(b) Representations and Warranties. Except to the extent otherwise
expressly set forth herein or in the schedules hereto, and subject to the qualifications set forth
therein, each of the representations and warranties given by any Loan Party in any Related
Agreement is true and correct in all material respects (except that such materiality qualifier
shall not be applicable to any representations or warranties that already are qualified or modified
as to “materiality” or “Material Adverse Effect” in the text thereof, which representations and
warranties shall be true and correct in all respects subject to such qualification) as of the
Closing Date (or as of any earlier date to which such representation and warranty specifically
relates). Notwithstanding anything in the Related Agreements to the contrary, the representations
and warranties of each Loan Party set forth in this Section 4.22 shall, solely for purposes
hereof, survive the Closing Date for the benefit of Agent, Service Agent and the Lenders.

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

Section 4.23 Compliance with Statutes, etc. Each of Company and its
Subsidiaries is in compliance with (i) its organizational documents and (ii) all applicable
statutes, regulations and orders of, and all applicable restrictions imposed by, all Governmental
Authorities, in respect of the conduct of its business and the ownership of its property (including
compliance with all applicable Environmental Laws with respect to any Real Estate Asset or
governing its business and the requirements of any permits issued under such Environmental Laws
with respect to any such Real Estate Asset or the operations of Company or any of its
Subsidiaries), except such non-compliance that, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect.

Section 4.24 Intellectual Property. Each of Company and its Subsidiaries
own, or hold licenses in, all trademarks, trade names, copyrights, patents, and licenses that are
necessary to the conduct of its business as currently conducted, and attached hereto as
Schedule 4.24 is a true, correct, and complete listing of all material trademarks, trade
names, copyrights, patents, and licenses as to which Company or one of its Subsidiaries is the
owner or is an exclusive licensee; provided, however, that Company may amend
Schedule 4.24 to add additional intellectual property so long as such amendment occurs by
written notice to Agent at the time that Company provides its Compliance Certificate pursuant to
Section 5.1(d).

Section 4.25 Inventory and Equipment. The Inventory of Company and its
Subsidiaries is located only at, or in-transit between or to, the locations identified on
Schedule 4.25 (as such schedule may be update pursuant to Section 5.12). The
Equipment (other than vehicles or Equipment out for repair) of Company and its Subsidiaries is not
stored with a bailee, warehouseman, or similar party and is located only at, or in-transit between
or to, the locations identified on Schedule 4.25 (as such Schedule may be updated pursuant
to Section 5.12). Each of Company and its Subsidiaries keeps correct and accurate records
itemizing and describing the type, quality, and quantity of its and its Subsidiaries’ Inventory and
the Book Value thereof.

Section 4.26 Customers and Suppliers. There exists no actual or threatened
termination, cancellation or limitation of, or modification to or change in, the business
relationship between (a) any of Company or its Subsidiaries, on the one hand, and any customer or
any group thereof, on the other hand, whose agreements with any of Company or its Subsidiaries are
individually or in the aggregate material to the business or operations of such Company or any of
its Subsidiaries, or (b) any of Company or its Subsidiaries, on the one hand, and any supplier or
any group thereof, on the other hand, whose agreements with any of Company or its Subsidiaries are
individually or in the aggregate material to the business or operations of Company or its
Subsidiaries, in each case, that, individually or in the aggregate, could reasonably be expected to
result in a Material Adverse Effect. There exists no present state of facts or circumstances that
could give rise to or result in any such termination, cancellation, limitation, modification or
change that, individually or in the aggregate, could reasonably be expected to result in a Material
Adverse Effect.

Section 4.27 Insurance. Each of Company and its Subsidiaries keeps its
property adequately insured and maintains (a) insurance to such extent and against such risks,
including fire, as is customary with companies in the same or similar businesses, (b) workmen’s
compensation insurance in the amount required by applicable law, (c) public liability insurance,
which shall include product liability insurance, in the amount customary with companies in the same
or similar business against claims for personal injury or death on properties owned, occupied or
controlled by it, and (d) such other insurance as may be required by law or as may be reasonably
required by Agent (including, without limitation, against larceny, embezzlement or other criminal
misappropriation). Schedule 4.27 sets forth a list of all insurance maintained by each
Loan Party on the Closing Date.

Section 4.28 Common Enterprise. The successful operation and condition of
the Loan Parties collectively is dependent on the continued successful performance of the functions
of the group of the Loan Parties as a whole. Each Loan Party expects to derive benefit (and its
Board of Directors or other governing body has determined that it may reasonably be expected to
derive benefit), directly and indirectly, from (a) successful operations of each of the other Loan
Parties and (b) the credit extended by the Lenders to the Loan Parties hereunder, both in their
separate capacities and as members of the group of companies. Each Loan Party has determined that
execution, delivery, and performance of this Agreement and any other Loan Documents to be executed
by such Loan Party is within its purpose, will be of direct and indirect benefit to such Loan
Party, and is in its best interest.

Section 4.29 Permits, Etc. Each Loan Party has, and is in compliance with,
all permits, licenses, authorizations, approvals, entitlements and accreditations required for such
Person lawfully to own, lease, manage or operate, or to acquire, each business currently owned,
leased, managed or operated, or to be acquired, by such Person, which, if not obtained, could not
reasonably be expected to have a Material Adverse Effect. No condition exists or event has
occurred which, in itself or with the giving of notice or lapse of time or both, would result in
the suspension, revocation, impairment, forfeiture or non-renewal of any such permit, license,
authorization, approval, entitlement or accreditation, and there is no claim that any thereof is
not in full force and effect, except to the extent any such condition, event or claim could not
reasonably be expected to have a Material Adverse Effect.

Section 4.30 Bank Accounts and Securities Accounts. Schedule 4.30
sets forth a complete and accurate list as of the Closing Date of all deposit, checking and other
bank accounts, all securities and other accounts maintained with any broker dealer and all other
similar accounts maintained by each Loan Party, together with a description thereof (i.e.,
the bank or broker dealer at which such deposit or other account is maintained and the account
number and the purpose thereof).

Section 4.31 Security Interests. Each Pledge and Security Agreement creates
in favor of Agent, for the benefit of Secured Parties, a legal, valid and enforceable security
interest in the Collateral secured thereby. Upon the filing of the UCC-1 financing statements
described in Section 3.1(h), the recording of the Collateral Assignments for Security
referred to in each Pledge and Security Agreement in the United States Patent and Trademark Office
and the United States Copyright Office, as applicable, and the submission of an appropriate
application requesting that the Lien of Agent be noted on the certificate of title or ownership for
any motor vehicle, completed and authenticated by the applicable Loan Party, together with the
certificate of title or ownership, with respect to such motor vehicle, to the applicable state
agency, such security interests in and Liens on the Collateral granted thereby shall be perfected,
first priority security interests, and no further recordings or filings are or will be required in
connection with the creation, perfection or enforcement of such security interests and Liens, other
than (a) the filing of continuation statements in accordance with applicable law, (b) the recording
of the Collateral Assignments for Security pursuant to each Pledge and Security Agreement in the
United States Patent and Trademark Office and the United States Copyright Office, as applicable,
with respect to after-acquired U.S. patent and trademark applications and registrations and U.S.
copyrights and (c) the recordation of appropriate evidence of the security interest in the
appropriate foreign registry with respect to all foreign intellectual property.

Section 4.32 PATRIOT ACT and FCPA. To the extent applicable, each Loan
Party is in compliance with (a) the laws, regulations and Executive Orders administered by OFAC,
and (b) the Bank Secrecy Act, as amended by the Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT Act ) of 2001 (the
"PATRIOT Act”). Neither the Loan Parties nor any of their officers, directors, employees,
agents or shareholders acting on the Loan Parties’ behalf shall use the proceeds of the Loans to
make any payments, directly or indirectly (including through any third party intermediary), to any
Foreign Official in violation of the United States Foreign Corrupt Practices Act of 1977, as
amended (the “FCPA”). None of the Loan Parties nor any Affiliates of any Loan Parties, is
in violation of any Anti-Terrorism Law or engages in or conspires to engage in any transaction that
evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the
Anti-Terrorism Laws. None of the Loan Parties, nor any Affiliates of any Loan Parties, or their
respective agents acting or benefiting in any capacity in connection with the Loans, Letters of
Credit or other transactions hereunder, is a Blocked Person. None of the Loan Parties, nor any of
their agents acting in any capacity in connection with the Loans, Letters of Credit or other
transactions hereunder (A) conducts any business or engages in making or receiving any contribution
of funds, goods or services to or for the benefit of any Blocked Person, or (B) deals in, or
otherwise engages in any transaction relating to, any property or interests in property blocked
pursuant to any OFAC Sanctions Programs.

Section 4.33 Managerial Assistance and Related Persons. Each Loan Party
represents and warrants that (a) TSL has offered to make available to each of them “significant
managerial assistance” (as defined in Section 2(a)(47) of the Investment Company Act of 1940) and,
to the extent any Loan Party accepts such offer from TSL, the scope, terms and conditions of such
significant managerial assistance are set forth in a separate agreement between such Loan Party and
TSL and (b) it is not a “person” related to TSL as described in Section 57(b) or 57(e) of the
Investment Company Act of 1940.

Section 4.34 Disclosure. No representation or warranty of any Loan Party
contained in any Loan Document or in the other documents, certificates or written statements
furnished to Lenders by or on behalf of Company or any of its Subsidiaries for use in connection
with the transactions contemplated hereby contains any untrue statement of a material fact or omits
to state a material fact (known to Company, in the case of any document not furnished by either of
them) necessary in order to make the statements contained herein or therein not misleading in light
of the circumstances in which the same were made. Any projections and pro forma financial
information contained in such materials are based upon good faith estimates and assumptions
believed by Company to be reasonable at the time made, it being recognized by Lenders that such
projections as to future events are not to be viewed as facts and that actual results during the
period or periods covered by any such projections may differ from the projected results. There are
no facts known (or which should upon the reasonable exercise of diligence be known) to Company
(other than matters of a general economic nature) that, individually or in the aggregate, could
reasonably be expected to result in a Material Adverse Effect and that have not been disclosed
herein or in such other documents, certificates and statements furnished to Lenders for use in
connection with the transactions contemplated hereby.

Section 4.35 Indebtedness. Set forth on Schedule 4.35 is a true and
complete list of all Indebtedness of each Loan Party and each of its Subsidiaries outstanding
immediately prior to the Closing Date that is to remain outstanding immediately after giving effect
to the closing hereunder on the Closing Date and such Schedule accurately sets forth the aggregate
principal amount of such Indebtedness as of the Closing Date

Section 4.36 Use of Proceeds. The proceeds of the Term Loans, if any, made
on the Closing Date shall be applied by Borrowers to satisfy a portion of the Existing
Indebtedness, for general working capital purposes of the Borrowers and to pay fees and expenses
related to this Agreement. The proceeds of the Term Loan B made after the Closing Date shall be
applied by Borrowers to repay or redeem Indebtedness identified by the Borrowers to the Agent and
the Lenders in writing prior to the Closing Date. The proceeds of the Revolving Loans, and Letters
of Credit made after the Closing Date shall be applied by Borrowers for working capital and general
corporate purposes of Company and its Subsidiaries, including Permitted Acquisitions

ARTICLE V

AFFIRMATIVE COVENANTS

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

Section 5.1 Financial Statements and Other Reports. Unless otherwise
provided below, Company will deliver to Agent and Lenders.

(a) Monthly Reports. As soon as available, and in any event within 30 days
after the end of each month (including the month which began prior to the Closing Date), the
consolidated and consolidating balance sheet of Company and its Subsidiaries as at the end of such
month and the related consolidated and consolidating statements of income, consolidated statements
of stockholders’ equity and consolidated statements of cash flows of Company and its Subsidiaries
for such month and for the period from the beginning of the then current Fiscal Year to the end of
such month, setting forth in each case in comparative form the corresponding figures for the
corresponding periods of the previous Fiscal Year and the corresponding figures from the Financial
Plan for the current Fiscal Year, all in reasonable detail, together with a schedule of
reconciliations for any reclassifications with respect to prior months or periods (and, in
connection therewith, copies of any restated financial statements for any impacted month or
period), a Financial Officer Certification and a Narrative Report with respect thereto;

(b) Quarterly Financial Statements. As soon as available, and in any event
within 45 days after the end of each of the (i) first three Fiscal Quarters of each Fiscal Year,
the consolidated and consolidating balance sheets of Company and its Subsidiaries as at the end of
such Fiscal Quarter and the related consolidated (and with respect to statements of income,
consolidating) statements of income, stockholders’ equity and cash flows of Company and its
Subsidiaries for such Fiscal Quarter and for the period from the beginning of the then current
Fiscal Year to the end of such Fiscal Quarter and, (ii) fourth Fiscal Quarter of each Fiscal Year,
drafts of such balance sheets, statements of income, stockholders’ equity and cash flows of the
Parent and its Subsidiaries), setting forth in the case of the first three Fiscal Quarters of each
Fiscal Year in comparative form the corresponding figures for the corresponding periods of the
previous Fiscal Year and the corresponding figures from the Financial Plan for the current Fiscal
Year, all in reasonable detail, together with a Financial Officer Certification and a Narrative
Report with respect thereto;

(c) Annual Financial Statements. As soon as available, and in any event
within 90 days after the end of each Fiscal Year, (i) the consolidated and consolidating balance
sheets of Company and its Subsidiaries as at the end of such Fiscal Year and the related
consolidated (and with respect to statements of income, consolidating) statements of income,
stockholders’ equity and cash flows of Company and its Subsidiaries for such Fiscal Year, setting
forth in each case in comparative form the corresponding figures for the previous Fiscal Year and
the corresponding figures from the Financial Plan for the Fiscal Year covered by such financial
statements, in reasonable detail, together with a Financial Officer Certification and a Narrative
Report with respect thereto; and (ii) with respect to such consolidated financial statements a
report thereon of CohnReznick LLP or other independent certified public accountants of recognized
national standing selected by Company, and reasonably satisfactory to Agent (which report shall be
unqualified as to going concern and scope of audit, and shall state that such consolidated
financial statements fairly present, in all material respects, the consolidated financial position
of Company and its Subsidiaries as at the dates indicated and the results of their operations and
their cash flows for the periods indicated in conformity with GAAP applied on a basis consistent
with prior years (except as otherwise disclosed in such financial statements) and that the
examination by such accountants in connection with such consolidated financial statements has been
made in accordance with generally accepted auditing standards) (such report shall also include (1)
a detailed summary of any audit adjustments; (2) a reconciliation of any audit adjustments or
reclassifications to the previously provided quarterly financials; and (3) restated quarterly
financials for any impacted periods);

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

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

(f) Notice of Default. Promptly (but in any event within three (3) Business
Days) upon any officer of Company obtaining knowledge (i) of any condition or event that
constitutes a Default or an Event of Default or that notice has been given to Company with respect
thereto; (ii) that any Person has given any notice to Company or any of its Subsidiaries or taken
any other action with respect to any event or condition set forth in Section 8.1(b); or
(iii) of the occurrence of any event or change that has caused or evidences, either in any case or
in the aggregate, a Material Adverse Effect, a certificate of its Authorized Officers specifying
the nature and period of existence of such condition, event or change, or specifying the notice
given and action taken by any such Person and the nature of such claimed Event of Default, Default,
default, event or condition, and what action Company has taken, is taking and proposes to take with
respect thereto;

(g) Notice of Litigation. Promptly (but in any event within three (3)
Business Days) upon any officer of Company obtaining knowledge of (i) the institution of, or
non-frivolous threat of, any Adverse Proceeding not previously disclosed in writing by Borrowers to
Lenders, or (ii) any material development in any Adverse Proceeding that, in the case of either
clause (i) or (ii) if adversely determined, could be reasonably expected to have a
Material Adverse Effect, or seeks to enjoin or otherwise prevent the consummation of, or to recover
any damages or obtain relief as a result of, the transactions contemplated hereby, written notice
thereof together with such other information as may be reasonably available to Company to enable
Lenders and their counsel to evaluate such matters;

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

(i) Financial Plan. As soon as practicable and in any event no later than
thirty days after the beginning of each Fiscal Year, a consolidated plan and financial forecast for
such Fiscal Year and each Fiscal Year (or portion thereof) through the final maturity date of the
Loans (a “Financial Plan”), including (i) a forecasted consolidated balance sheet and
forecasted consolidated statements of income and cash flows of Company and its Subsidiaries for
each such Fiscal Year, together with pro forma Compliance Certificates for each such Fiscal Year
and an explanation of the assumptions on which such forecasts are based, (ii) forecasted
consolidated statements of income and cash flows of Company and its Subsidiaries for each month of
each such Fiscal Year, (iii) forecasts demonstrating projected compliance with the requirements of
Section 6.8 through such periods as Company customarily provides such projections (which
shall be at least annual projections), and (iv) forecasts demonstrating adequate liquidity through
the final maturity date of the Loans, together, in each case, with an explanation of the
assumptions on which such forecasts are based all in form and substance reasonably satisfactory to
Agent and Service Agent;

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

(k) Notice of Change in Board of Directors. With reasonable promptness,
written notice of any change in the Board of Directors (or similar governing body) of Company or
any of its Subsidiaries;

(l) Notice Regarding Material Contracts. Promptly (but in any event within
ten (10) Business Days) (i) after any Material Contract of Company or any of its Subsidiaries is
terminated or amended in a manner that is materially adverse to Company or such Subsidiary, as the
case may be, or (ii) any new Material Contract is entered into, a written statement describing such
event, with copies of such material amendments or new contracts, delivered to Agent, and an
explanation of any actions being taken with respect thereto;

(m) Environmental Reports and Audits. Within ten (10) days following the
receipt thereof, copies of all environmental audits and reports with respect to any environmental
matter which have resulted in or are reasonably likely to result in a material Environmental Claim
asserted against any Loan Party or in any material Environmental Liabilities and Costs of any Loan
Party;

(n) Information Regarding Collateral. Each Loan Party will furnish to Agent
prior written notice of any change (a) in any Loan Party’s corporate name, (b) in any Loan Party’s
identity or corporate structure, or (c) in any Loan Party’s Federal Taxpayer Identification Number.
Company agrees not to effect or permit any change referred to in the preceding sentence unless all
filings have been made under the UCC or otherwise that are required in order for Agent to continue
at all times following such change to have a valid, legal and perfected security interest in all
the Collateral and for the Collateral at all times following such change to have a valid, legal and
perfected security interest as contemplated in the Collateral Documents. Each Loan Party also
agrees promptly to notify Agent if any material portion of the Collateral is damaged or destroyed;

(o) Annual Collateral Verification. Each year commencing in 2015, at the
time of delivery of annual financial statements with respect to the preceding Fiscal Year pursuant
to Section 5.1(c), Company shall deliver to Agent an Officer’s Certificate either (a)
confirming that there has been no change in such information since the date of the Perfection
Certificate delivered on the Closing Date or the date of the most recent certificate delivered
pursuant to this Section 5.1(o) and/or identifying such changes, or (b) certifying that all
UCC financing statements (including fixtures filings, as applicable) or other appropriate filings,
recordings or registrations, have been filed of record in each governmental, municipal or other
appropriate office in each jurisdiction identified in the Perfection Certificate or pursuant to
clause (a) above to the extent necessary to protect and perfect the security interests
under the Collateral Documents for a period of not less than 18 months after the date of such
certificate (except as noted therein with respect to any continuation statements to be filed within
such period);

(p) Aging Reports. Together with each delivery of financial statements of
Company and each other Loan Party pursuant to Sections 5.1(a), 5.1(b) and
5.1(c) (and, in the case of clause (ii) below, with each delivery of a Borrowing
Base Certificate in accordance with Section 5.1(q)), (i) a summary of the accounts
receivable aging report of each Loan Party as of the end of such period, (ii) a summary of accounts
payable aging report of each Loan Party as of the end of such period and (iii) a report listing all
Inventory of the Loan Parties, and containing a breakdown of such Inventory by type and amount, the
lower of the cost or the current market value thereof (by location) and such other information as
Agent or Service Agent may reasonably request, in each case, all in detail and in form and
substance reasonably satisfactory to the Agent and Service Agent;

(q) Borrowing Base Certificate and Weekly Collateral Reporting.

(i) On the 20th day of each month: a Borrowing Base Certificate, current as of the close of
business on the last Business Day of the immediately preceding month, containing such detail and
other information as Agent or Service Agent may reasonably request from time to time;
provided that (A) subject to Section 5.1(q)(ii), the Borrowing Base set forth in
the Borrowing Base Certificate shall be effective from and including the date such Borrowing Base
Certificate is duly received by Service Agent but not including the date on which a subsequent
Borrowing Base Certificate is received by Service Agent, unless Agent or Service Agent disputes the
eligibility of any property included in the calculation of the Borrowing Base or the valuation
thereof by notice of such dispute to Company, (B) in the event of any dispute about the eligibility
of any property included in the calculation of the Borrowing Base or the valuation thereof, the
more conservative approach of Agent’s and Service Agent’s reasonable good faith business judgment
shall control, and (C) the Inventory shall be updated on a monthly basis component of the Borrowing
Base; and

(ii) Without limiting any other rights of Agent or Service Agent, upon Agent’s or Service
Agent’s request, Company shall provide Agent and Service Agent on a weekly basis with a schedule of
Accounts, collections received and credits issued on a weekly basis (such schedule of Accounts,
collections received and credits issued, collectively, the “Weekly Collateral Reporting”)
prepared on a weekly or more frequent basis as Agent or Service Agent may, in good faith, request
upon the occurrence of any of the following events: (A) an Event of Default or Default, (B)
failure by Company to deliver any Borrowing Base Certificate in accordance with this Section
5.1(q), (C) upon Agent’s or Service Agent’s good faith belief, any information contained in any
Borrowing Base Certificate provided under this Section 5.1(q) is incomplete, inaccurate or
misleading, or (D) Availability is less than $3,000,000 (it being understood that once Company is
required by Agent or Service Agent to provide Weekly Collateral Reporting on a weekly basis in
accordance with this Section 5.1(q), Company shall continue to provide Weekly Collateral
Reporting to Agent and Service Agent on a weekly basis unless and until (1) no Event of Default or
Default has occurred and is then continuing, (2) Availability exceeds $5,000,000 for at least 30
consecutive days, and (3) Company has otherwise complied with its obligation to deliver Weekly
Collateral Reporting to Agent and Service Agent in accordance with the provisions hereof and such
Weekly Collateral Reporting is complete and accurate (and not misleading) in all respects, in
Agent’s and Service Agent’s reasonable discretion; thereafter, Company shall deliver Borrowing Base
Certificates in accordance with this Section 5.1(q)). Notwithstanding the foregoing, the
parties to this Agreement hereby agree that Company shall provide Weekly Collateral Reporting to
Agent and Service Agent on a weekly basis until the conditions in subclauses (1),
(2) and (3) are satisfied;

(r) Tax Returns. As soon as practicable and in any event within fifteen
(15) days following the filing thereof, copies of each federal income tax return filed by or on
behalf of any Loan Party; and

(s) Other Information. (A) Promptly upon their becoming available, copies
of (i) all financial statements, reports, notices and proxy statements sent or made available
generally by Company to its security holders acting in such capacity or by any Subsidiary of
Company to its security holders other than Company or another Subsidiary of Company, (ii) all
regular and periodic reports and all registration statements and prospectuses, if any, filed by
Company or any of its Subsidiaries with any securities exchange or with the Securities and Exchange
Commission or any governmental or private regulatory authority, (iii) all press releases and other
statements made available generally by Company or any of its Subsidiaries to the public concerning
material developments in the business of Company or any of its Subsidiaries, (B) promptly after
submission to any Governmental Authority, all documents and information furnished to such
Governmental Authority in connection with any investigation of any Loan Party or any employee of a
Loan Party (other than a routine inquiry), (C) promptly upon receipt thereof, notice of any
investigation by a Governmental Authority of any Loan Party or any employee of a Loan Party,
including, without limitation, with respect to activities that could have an adverse impact on the
Loan Parties’ licenses and permits, (D) promptly upon receipt thereof, notice of any Loan Party or
any employee of a Loan Party being charged with, or convicted of, a crime that is required to be
reported to any Governmental Authority that issues any license or permit to any Loan Party, (E)
promptly upon receipt thereof, copies of all financial reports (including, without limitation,
management letters) submitted to any Loan Party by its auditors in connection with any annual
interim audit of the books thereof and (F) such other information and data with respect to Company
or any of its Subsidiaries as from time to time may be reasonably requested by Agent or Service
Agent.

Section 5.2 Existence. Except as otherwise permitted under Section
6.9, each Loan Party will, and will cause each of its Subsidiaries to, at all times preserve
and keep in full force and effect its existence and all rights and Governmental Authorizations,
qualifications, franchises, licenses and permits material to its business and to conduct its
business in each jurisdiction in which its business is conducted; provided, no Loan Party
or any of its Subsidiaries shall be required to preserve any such existence, right or Governmental
Authorizations, qualifications, franchise, licenses and permits if the loss thereof is not
disadvantageous in any material respect to such Person or to Lenders.

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

Section 5.4 Maintenance of Properties. Each Loan Party will, and will cause
each of its Subsidiaries to (a) maintain or cause to be maintained in good repair, working order
and condition, ordinary wear and tear excepted, all material properties used in the business of
Company and its Subsidiaries and from time to time will make or cause to be made all appropriate
repairs, renewals and replacements thereof, and (b) comply at all times with the provisions of all
material leases to which it is a party as lessee or under which it occupies property, so as to
prevent any loss or forfeiture thereof or thereunder.

Section 5.5 Insurance.

(a) The Loan Parties will maintain or cause to be maintained, with financially sound
and reputable insurers, (i) business interruption insurance reasonably satisfactory to Agent, and
(ii) casualty insurance, such public liability insurance, third party property damage insurance or
such other insurance with respect to liabilities, losses or damage in respect of the assets,
properties and businesses of the Loan Parties as may customarily be carried or maintained under
similar circumstances by Persons of established reputation engaged in similar businesses, in each
case in such amounts (giving effect to self-insurance), with such deductibles, covering such risks
and otherwise on such terms and conditions as shall be customary for such Persons. Without
limiting the generality of the foregoing, the Loan Parties will maintain or cause to be maintained
(A) flood insurance with respect to each Flood Hazard Property that is located in a community that
participates in the National Flood Insurance Program, in each case in compliance with any
applicable regulations of the Board of Governors of the Federal Reserve System, and (B) replacement
value casualty insurance on the Collateral under such policies of insurance, with such insurance
companies, in such amounts, with such deductibles, and covering such risks as are at all times
carried or maintained under similar circumstances by Persons of established reputation engaged in
similar businesses. Each such policy of insurance shall (1) name Agent, on behalf of Lenders as an
additional insured thereunder as its interests may appear, and (2) in the case of each casualty
insurance policy, contain a loss payable clause or endorsement, reasonably satisfactory in form and
substance to Agent, that names Agent, on behalf of Secured Parties as the loss payee thereunder.

(b) Each of the insurance policies required to be maintained under this Section
5.5 shall provide for at least thirty (30) days’ prior written notice to Agent of the
cancellation or substantial modification thereof. Receipt of such notice shall entitle Agent (but
Agent shall not be obligated) to renew any such policies, cause the coverages and amounts thereof
to be maintained at levels required pursuant to this Section 5.5 or otherwise to obtain
similar insurance in place of such policies, in each case at the expense of the Loan Parties.

(c) Agent acknowledges that the insurance policies in force on the Closing Date hereof satisfy
the requirements of this Section 5.5 on the Closing Date.

Section 5.6 Inspections. Each Loan Party will, and will cause each of its
Subsidiaries to, (a) keep adequate books of record and account in which full, true and correct
entries are made of all dealings and transactions in relation to its business and activities and
(b) permit any representatives designated by Agent, Service Agent or any Lender (including
employees of Agent, Service Agent, any Lender or any consultants, auditors, accountants, lawyers
and appraisers retained by Agent or Service Agent,) to visit and inspect any of the properties of
any Loan Party and any of its respective Subsidiaries (including, subject to Section 5.9,
Phase I Environmental Site Assessments and, based upon the results of the Phase I Environmental
Site Assessments, Phase II Environmental Site Assessments), to conduct audits, valuations and/or
field examinations of any Loan Party and any of its respective Subsidiaries, to inspect, copy and
take extracts from its and their financial and accounting records, and to discuss its and their
affairs, finances and accounts with its and their officers and independent accountants and
auditors, all upon reasonable notice and at such reasonable times during normal business hours (so
long as no Default or Event of Default has occurred and is continuing) and as often as may
reasonably be requested. The Loan Parties agree to pay (i) $1,000 per day plus the out-of-pocket
costs and expenses of the examiner and any employees of the Agent, Service Agent and the Lenders
incurred in connection with all such visits for business purposes related to the Collateral,
audits, inspections, valuations and field examinations and (ii) the costs of all visits for
business purposes related to the Collateral, audits, inspections, valuations and field examinations
conducted by a third party on behalf of the Agent, Service Agent and the Lenders, provided that, in
the absence of a continuing Event of Default, the Loan Parties shall not be obligated to pay for
more than (x) one visitation/appraisal in any Fiscal Year and (y) two audits, inspections and field
examinations in any Fiscal Year. The Loan Parties acknowledge that Agent or Service Agent, after
exercising its rights of inspection, may prepare and distribute to the Lenders certain reports
pertaining to the Loan Parties’ assets for internal use by the Agent, Service Agent and the
Lenders.

Section 5.7 Lenders Meetings and Conference Calls.

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

(b) Within ten (10) days of delivery of financial statements and other information
required to be delivered pursuant to Section 5.1(a)(ii), Company shall cause its chief
financial officer to participate in a conference call with Agent and all Lenders who choose to
participate in such conference call during which conference call the chief financial officer shall
review the financial condition of Company and its Subsidiaries and such other matters as Agent or
any Lender may reasonably request.

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

Section 5.9 Environmental.

(a) Each Loan Party shall (i) keep the Real Property free of any Environmental
Liens; (ii) comply, and take all steps to cause all tenants and other Persons who may come upon any
Real Property to comply, with all Environmental Laws in all material respects and provide to Agent
any documentation of such compliance which Agent may reasonably request; (iii) maintain and comply
in all material respects with all Governmental Authorizations required under applicable
Environmental Laws; (iv) take all steps to prevent any Release of Hazardous Materials from any Real
Property; (v) ensure that there are no Hazardous Materials on, at or migrating from any property
owned or operated by any Loan Party; (vi) undertake or cause to be undertaken any and all Remedial
Actions in response to any Environmental Claim, Release of Hazardous Materials or violation of
Environmental Law, to the extent required by Environmental Law or any Governmental Authority and to
repair and remedy any impairment to the Real Property consistent with its current use and, upon
request of Agent, provide the Agent and Service Agent all data, information and reports generated
in connection therewith.

(b) The Loan Parties shall promptly (but in any event within five (5) Business Days)
(i) notify the Agent and Service Agent in writing (A) if it knows, suspects or believes there may
be a Release in excess of any reportable quantity or in material violation of Environmental Laws
in, at, on, under or from any part of the Real Property or any improvements constructed thereon,
(B) of any material Environmental Claims asserted against or Environmental Liabilities and Costs of
any Loan Party or predecessor in interest or concerning any Real Property, (C) of any failure to
comply with Environmental Law in all material respects at any Real Property or that is reasonably
likely to result in an Environmental Claim asserted against any Loan Party, (D) any Loan Party’s
discovery of any occurrence or condition on any real property adjoining or in the vicinity of any
Real Property that could cause such Real Property or any part thereof to be subject to any material
restrictions on the ownership, occupancy, transferability or use thereof under any Environmental
Laws, and (E) any notice of Environmental Lien filed against any Real Property, and (ii) provide
such other documents and information as reasonably requested by Agent in relation to any matter
pursuant to this Section 5.9(b).

(c) Commencing in 2015, at the reasonable request of Agent, but no more than once
per Fiscal Year for each Real Property unless there exists an Event of Default, each of the Loan
Party shall provide to the Agent, Service Agent and the Lenders, within thirty (30) calendar days
after such request, at the sole expense of the Loan Parties, an environmental site assessment
report for any of the Real Property described in such request, prepared by an environmental
consulting firm acceptable to Agent, indicating the presence or absence of Hazardous Materials,
Releases or compliance with Environmental Laws and the estimated cost of any compliance, removal or
Remedial Action in connection with any Release, Hazardous Materials or violations of Environmental
Laws. Without limiting the generality of the foregoing, if Agent reasonably determines at any time
that a risk exists that any such report will not be provided within the time referred to above,
Agent may retain an environmental consulting firm to prepare such report at the sole expense of the
Loan Parties, and the Loan Parties hereby grant, at the time of such request to Agent, such firm
and any agents or representatives thereof an irrevocable non-exclusive license, subject to the
rights of tenants, to enter onto their respective properties to undertake such assessment.

Section 5.10 Subsidiaries. In the event that any Person becomes a Domestic
Subsidiary of Company, Company shall (a) concurrently with such Person becoming a Domestic
Subsidiary cause such Domestic Subsidiary to become a Borrower or Guarantor hereunder and a Grantor
under the Pledge and Security Agreement by executing and delivering to Agent and Service Agent a
Counterpart Agreement, and (b) take all such actions and execute and deliver, or cause to be
executed and delivered, all such documents, instruments, agreements, and certificates as are
similar to those described in Sections 3.1(b), 3.1(g), 3.1(h),
3.1(i), and 3.1(l). In the event that any Person becomes a Foreign Subsidiary of
Company, and the ownership interests of such Foreign Subsidiary are owned by Company or by any
Domestic Subsidiary thereof, Company shall, or shall cause such Domestic Subsidiary to, deliver,
all such documents, instruments, agreements, and certificates as are similar to those described in
Section 3.1(b), and Company shall take, or shall cause such Domestic Subsidiary to take,
all of the actions referred to in Section 3.1(j)(a) necessary to grant and to perfect a
First Priority Lien in favor of Agent, for the benefit of Secured Parties, under the Pledge and
Security Agreement in 65% of such ownership interests. With respect to each such Subsidiary,
Company shall promptly send to Agent written notice setting forth with respect to such Person (i)
the date on which such Person became a Subsidiary of Company, and (ii) all of the data required to
be set forth in Schedules 4.1 and 4.2 with respect to all Subsidiaries of Company;
provided, such written notice shall be deemed to supplement Schedules 4.1 and
4.2 for all purposes hereof. Notwithstanding anything to the contrary contained herein,
(i) no Accounts of a Person joined as a Borrower under this Section 5.10 shall be deemed to
be or treated as an Eligible Account Receivable for any purpose under this Agreement (including,
without limitation, any calculation of the Borrowing Base) until such time as the Service Agent has
conducted a satisfactory audit and (ii) no Inventory of a Person joined as a Borrower under this
Section 5.10 shall be deemed to be or treated as an Eligible Inventory for any purpose
under this Agreement (including, without limitation, any calculation of the Borrowing Base) until
such time as the Service Agent has conducted a satisfactory audit. The Service Agent shall report
to the Company the results of any audit contemplated under the immediately preceding sentence
promptly after receipt thereof.

Section 5.11 Additional Material Real Estate Assets.

(a) In the event that any Loan Party acquires a Material Real Estate Asset and such interest
has not otherwise been made subject to the Lien of the Collateral Documents in favor of Agent, for
the benefit of Secured Parties, then such Loan Party, contemporaneously with acquiring such
Material Real Estate Asset, shall take all such actions and execute and deliver, or cause to be
executed and delivered, all such mortgages, documents, instruments, agreements, opinions and
certificates similar to those described in Sections 3.1(g), 3.1(h), and
3.1(i) with respect to each such Material Real Estate Asset that Agent shall reasonably
request to create in favor of Agent, for the benefit of Secured Parties, a valid and, subject to
any filing and/or recording referred to herein, perfected First Priority security interest in such
Material Real Estate Assets.

(b) In the event that any Loan Party acquires Leasehold Property after the Closing Date that
is not a Material Real Estate Asset, then such Loan Party, contemporaneously with acquiring such
Leasehold Property, shall deliver to Agent a Collateral Access Agreement executed by the landlord
of such Leasehold Property and by the applicable Loan Party.

Section 5.12 Location of Inventory and Equipment. Each Loan Party shall
keep its Inventory and Equipment (other than vehicles and Equipment either out for repair or
temporarily relocated to a worksite in the ordinary course of business) only at the locations
identified on Schedule 4.25; provided, however, that Company may amend
Schedule 4.25 so long as such amendment occurs by written notice to Agent not less than 10
days prior to the date on which such Inventory or Equipment is moved to such new location or such
chief executive office is relocated and so long as such new location is within the continental
United States, and so long as, at the time of such written notification, Company provides Agent a
Collateral Access Agreement with respect thereto.

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

Section 5.14 Miscellaneous Business Covenants. Unless otherwise consented
to by Agent, Service Agent and Required Lenders:

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

(b) Cash Management Systems. Company and its Subsidiaries shall establish
and maintain cash management systems reasonably acceptable to the Agent and Service Agent,
including, without limitation, with respect to blocked account arrangements.

(c) Communication with Accountants. Each Loan Party executing this
Agreement authorizes Agent and Service Agent to communicate directly with such Loan Party’s
independent certified public accountants and authorizes and shall instruct those accountants to
communicate (including the delivery of audit drafts and letters to management) with Agent and
Service Agent information relating to any Loan Party with respect to the business, results of
operations and financial condition of any Loan Party; provided, however, that (i)
Agent or the Service Agent, as the case may be, shall provide such Loan Party with notice at least
two (2) Business Days prior to first initiating any such communication, and (ii) so long as no
Event of Default has occurred and is continuing, the Agent shall (x) first make any requests for
information to the Loan Parties so that they may provide such information before requesting such
information from the Loan Party’s independent certified public accountants and (y) invite the Loan
Parties to participate in such communications.

Section 5.15 Borrowing Base. Company and its Subsidiaries shall maintain
all Revolving Loans and Letter of Credit Obligations in compliance with the then current Borrowing
Base.

Section 5.16 Post-Closing Matters Company shall, and shall cause each of
the Loan Parties to, satisfy the requirements set forth on Schedule 5.16 on or before the
date specified for such requirement or such later date to be determined by Agent.

ARTICLE VI

NEGATIVE COVENANTS

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

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

Section 6.2 Liens. No Loan Party shall, nor shall it permit any of its
Subsidiaries to, directly or indirectly, create, incur, assume or permit to exist any Lien on or
with respect to any property or asset of any kind (including any document or instrument in respect
of goods or accounts receivable) of Company or any of its Subsidiaries, whether now owned or
hereafter acquired, or any income or profits therefrom, or file or permit the filing of, or permit
to remain in effect, any financing statement or other similar notice of any Lien with respect to
any such property, asset, income or profits under the UCC of any State or under any similar
recording or notice statute, except Permitted Liens.

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

Section 6.4 No Further Negative Pledges. Except with respect to (a)
specific property encumbered to secure payment of particular Indebtedness or to be sold pursuant to
an executed agreement with respect to an Asset Sale permitted under Section 6.9 and (b)
restrictions by reason of customary provisions restricting assignments, subletting or other
transfers contained in leases, licenses and similar agreements entered into in the ordinary course
of business (provided that such restrictions are limited to the property or assets secured by such
Liens or the property or assets subject to such leases, licenses or similar agreements, as the case
may be) no Loan Party nor any of its Subsidiaries shall enter into any agreement prohibiting the
creation or assumption of any Lien upon any of its properties or assets, whether now owned or
hereafter acquired.

Section 6.5 Restricted Junior Payments. No Loan Party shall, nor shall it
permit any of its Subsidiaries or Affiliates through any manner or means or through any other
Person to, directly or indirectly, declare, order, pay, make or set apart, or agree to declare,
order, pay, make or set apart, any sum for any Restricted Junior Payment except that so long as (i)
no Default or Event of Default shall have occurred and be continuing or shall be caused thereby,
(ii) Company and its Subsidiaries are in pro forma (historical and projected) compliance with all
financial covenants in Section 6.8, and (iii) Consolidated Liquidity shall be no less than
$10,000,000, in each case, both before and after giving effect to any Restricted Junior Payment,
the Company may, commencing on and after January 1, 2015, make Restricted Junior Payments to the
extent necessary to permit Company to repurchase shares of Capital Stock of Company, in an
aggregate amount not to exceed $1,000,000 in any Fiscal Year, so long as Company applies the amount
of any such Restricted Junior Payment for such purpose.

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

Section 6.7 Investments. No Loan Party shall, nor shall it permit any of
its Subsidiaries to, directly or indirectly, make or own any Investment in any Person, including
without limitation any Joint Venture and any Foreign Subsidiary, except Permitted Investments.
Notwithstanding the foregoing, in no event shall any Loan Party make any Investment which results
in or facilitates in any manner any Restricted Junior Payment not otherwise permitted under the
terms of Section 6.5.

Section 6.8 Financial Covenants.

(a) Leverage Ratio. Company and its Subsidiaries shall not permit the
Leverage Ratio as of the last day of any Fiscal Quarter, beginning with the Fiscal Quarter ending
December 31, 2013, to exceed the correlative ratio indicated:

	 	 	 
	Fiscal Quarter	 	Leverage Ratio
	December 31, 2013

	 	7.75:1.00
	March 31, 2014

	 	6.00:1.00
	June 30, 2014

	 	5.50:1.00
	September 30, 2014

	 	5.25:1.00
	December 31, 2014

	 	5.00:1.00
	March 31, 2015

	 	4.75:1.00
	June 30, 2015

	 	4.50:1.00
	September 30, 2015

	 	4.25:1.00
	December 31, 2015

	 	4.25:1.00
	March 31, 2016

	 	4.25:1.00
	June 30, 2016

	 	4.25:1.00
	September 30, 2016 and each Fiscal Quarter ending thereafter

	 	4.00:1.00

(b) Maximum Consolidated Capital Expenditures. Company shall not, and shall
not permit its Subsidiaries to, make or incur Consolidated Capital Expenditures, in any Fiscal
Quarter indicated below, in an aggregate amount for Company and its Subsidiaries in excess of the
corresponding amount set forth below opposite such Fiscal Quarter:

	 	 	 	 	 
	Fiscal Quarter	 	Consolidated Capital Expenditures
	December 31, 2013

	 	$	2,500,000	 
	March 31, 2014

	 	$	2,500,000	 
	June 30, 2014

	 	$	3,500,000	 
	September 30, 2014

	 	$	3,000,000	 
	December 31, 2014

	 	$	2,500,000	 
	March 31, 2015

	 	$	2,500,000	 
	June 30, 2015

	 	$	3,500,000	 
	September 30, 2015

	 	$	3,000,000	 
	December 31, 2015

	 	$	2,500,000	 
	March 31, 2016

	 	$	2,500,000	 
	June 30, 2016

	 	$	3,500,000	 
	September 30, 2016

	 	$	3,000,000	 
	December 31, 2016

	 	$	2,500,000	 
	March 31, 2017

	 	$	2,500,000	 
	June 30, 2017

	 	$	3,500,000	 
	September 30, 2017

	 	$	3,000,000	 
	December 31, 2017

	 	$	2,500,000	 
	March 31, 2018

	 	$	2,500,000	 
	June 30, 2018

	 	$	3,500,000	 
	September 30, 2018

	 	$	3,000,000	 
	December 31, 2018

	 	$	2,500,000	 
	March 31, 2019

	 	$	2,500,000	 
	June 30, 2019

	 	$	3,500,000	 
	September 30, 2019

	 	$	3,000,000	 

(c) Minimum Borrowing Base Availability. Borrowers shall not permit
Borrowing Base Availability to be less than $19,500,000 at any time; provided, that, if the
Leverage Ratio as of the last day of the Fiscal Quarter ending December 31, 2014 is less than 5.00
to 1.00, then such amount shall be reduced to $17,500,000 at all times thereafter. Borrowers agree
that compliance with the foregoing covenant will be determined after the Service Agent implements a
reserve of $19,500,000 or 17,500,000, as applicable, in the calculation of the Borrowing Base at
the time of each Revolving Loan and Letter of Credit and in connection with any required minimum
Availability condition in this Agreement and the other Loan Documents.

(d) Certain Calculations. With respect to any period during which a
Permitted Acquisition or an Asset Sale has occurred (each, a “Subject Transaction”), for
purposes of determining compliance with the financial covenants set forth in this Section
6.8, Consolidated EBITDA shall be calculated with respect to such period on a pro forma basis
(including pro forma adjustments approved by Agent in its sole discretion) using the historical
financial statements of any business so acquired or to be acquired or sold or to be sold and the
consolidated financial statements of Company and its Subsidiaries which shall be reformulated as if
such Subject Transaction, and any Indebtedness incurred or repaid in connection therewith, had been
consummated or incurred or repaid at the beginning of such period (and assuming that such
Indebtedness bears interest during any portion of the applicable measurement period prior to the
relevant acquisition at the weighted average of the interest rates applicable to outstanding Loans
incurred during such period).

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

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

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

(c) Asset Sales, the proceeds of which, when aggregated with the proceeds of all
other Asset Sales made within the same Fiscal Year, are less than $2,000,000; provided (A)
the consideration received for such assets shall be in an amount at least equal to the fair market
value thereof (determined in good faith by the Company), (B) no less than 75% thereof shall be paid
in Cash, and (C) the Net Asset Sale Proceeds thereof shall be applied as required by Section
2.13(a);

(d) disposals of obsolete or worn out property;

(e) Permitted Acquisitions;

(f) Permitted Investments; and

(g) the sales, transfers and acquisitions constituting the Designated Transaction.

Section 6.10 Disposal of Subsidiary Interests. Except for any sale or
disposition of all of its interests in the Capital Stock of any of its Subsidiaries in compliance
with the provisions of Section 6.9 and except for Permitted Acquisitions of less than 100%
of the Capital Stock of any Person, no Loan Party shall, nor shall it permit any of its
Subsidiaries to, (a) directly or indirectly sell, assign, pledge or otherwise encumber or dispose
of any Capital Stock of any of its Subsidiaries, except to qualify directors if required by
applicable law; or (b) permit any of its Subsidiaries directly or indirectly to sell, assign,
pledge or otherwise encumber or dispose of any Capital Stock of any of its Subsidiaries, except to
another Loan Party (subject to the restrictions on such disposition otherwise imposed hereunder),
or to qualify directors if required by applicable law.

Section 6.11 Sales and Lease Backs. No Loan Party shall, nor shall it
permit any of its Subsidiaries to, directly or indirectly, become or remain liable as lessee or as
a guarantor or other surety with respect to any lease of any property (whether real, personal or
mixed), whether now owned or hereafter acquired, which such Loan Party (a) has sold or transferred
or is to sell or to transfer to any other Person (other than Company or any of its Subsidiaries),
or (b) intends to use for substantially the same purpose as any other property which has been or is
to be sold or transferred by such Loan Party to any Person (other than Company or any of its
Subsidiaries) in connection with such lease.

Section 6.12 Transactions with Shareholders and Affiliates. No Loan Party
shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, enter into or permit
to exist any transaction (including the purchase, sale, lease or exchange of any property or the
rendering of any service) with any holder of 5% or more of any class of Capital Stock of Company or
any of its Subsidiaries or with any Affiliate of Company or of any such holder; provided,
however, that the Loan Parties and their Subsidiaries may enter into or permit to exist any
such transaction if both Agent has consented thereto in writing prior to the consummation thereof
and the terms of such transaction are not less favorable to Company or that Subsidiary, as the case
may be, than those that might be obtained at the time from a Person who is not such a holder or
Affiliate; further, provided, that the foregoing restrictions shall not apply to any of the
following:

(a) any transaction among the Loan Parties;

(b) reasonable and customary fees paid to members of the Board of Directors (or
similar governing body) of Company and its Subsidiaries;

(c) compensation arrangements for officers and other employees of Company and its
Subsidiaries entered into in the ordinary course of business;

(d) transactions described in Schedule 6.12; and

(e) transactions permitted under Section 6.5.

Company shall disclose in writing each transaction with any holder of 5% or more of any class of
Capital Stock of Company or any of its Subsidiaries or with any Affiliate of Company or of any such
holder to Agent (other than transactions conducted among Loan Parties).

Section 6.13 Conduct of Business. From and after the Closing Date, no Loan
Party shall, nor shall it permit any of its Subsidiaries to, engage in any business other than (a)
the businesses engaged in by such Loan Party on the Closing Date and businesses reasonably related
thereto or (b) such other lines of business as may be consented to by Agent and Required Lenders.

Section 6.14 Broker’s Fees. No Loan Party shall make or enter into any
contracts to make any payments to any broker in connection with procuring the Loans without the
Agent’s prior written consent.

Section 6.15 Changes to Certain Agreements and Organizational Documents.
(a) No Loan Party shall, nor shall it permit any of its Subsidiaries to, agree to any
material amendment, restatement, supplement or other modification to, or waiver of, any of its
material rights under any Related Agreement after the Closing Date without in each case obtaining
the prior written consent of Agent and Required Lenders to such amendment, restatement, supplement
or other modification or waiver.

(b) No Loan Party shall (i) amend or permit any amendments to any Loan Party’s
Organizational Documents; or (ii) amend or permit any amendments to, or terminate or waive any
provision of, any Material Contract if such amendment, termination, or waiver would be adverse to
Agent or the Lenders.

(c) No Loan Party shall, nor shall it permit any of its Subsidiaries to, amend or
otherwise change the terms of any Subordinated Indebtedness, except as may be permitted pursuant to
the applicable subordination and/or intercreditor arrangements, the terms and conditions of which
are reasonably satisfactory to the Required Lenders.

Section 6.16 Fiscal Year. No Loan Party shall, nor shall it permit any of
its Subsidiaries to change its Fiscal Year end from December 31 without the written consent of the
Agent.

Section 6.17 Deposit Accounts and Securities Accounts. No Loan Party shall
establish or maintain a Deposit Account or a Securities Account that is not subject to a Control
Agreement except for Deposit Accounts in which the amount on deposit does not exceed $50,000 for
any Deposit Account and $200,000 in the aggregate for all such Deposit Accounts.

Section 6.18 Prepayments of Certain Indebtedness. No Loan Party shall,
directly or indirectly, voluntarily purchase, redeem, defease or prepay any principal of, premium,
if any, interest or other amount payable in respect of any Indebtedness prior to its scheduled
maturity, other than (a) the Obligations, (b) Indebtedness secured by a Permitted Lien if the asset
securing such Indebtedness has been sold or otherwise disposed of in accordance with Section
6.9, and (c) the Indebtedness identified by the Borrowers to the Agent and the Lenders in
writing prior to the Closing Date then outstanding solely with the proceeds of the Term Loan B.

Section 6.19 Anti-Terrorism Laws. None of the Loan Parties, nor any of
their Affiliates or agents shall:

(i) conduct any business or engage in any transaction or dealing with any Blocked
Person, including the making or receiving any contribution of funds, goods or services to or for
the benefit of any Blocked Person,

(ii) deal in, or otherwise engage in any transaction relating to, any property or
interests in property blocked pursuant to the OFAC Sanctions Programs or

(iii) engage in or conspire to engage in any transaction that evades or avoids, or
has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth
in the OFAC Sanctions Programs, the PATRIOT Act or any other Anti-Terrorism Law.

The Company shall deliver to the Lenders any certification or other evidence requested from time to
time by any Lender in its sole discretion, confirming the Company’s compliance with this
Section 6.19.

ARTICLE VII

GUARANTY

Section 7.1 Guaranty of the Obligations. Subject to the provisions of
Section 7.2, Guarantors jointly and severally hereby irrevocably and unconditionally
guaranty for the ratable benefit of the Beneficiaries the due and punctual payment in full of all
Obligations when the same shall become due, whether at stated maturity, by required prepayment,
declaration, acceleration, demand or otherwise (including amounts that would become due but for the
operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. § 362(a))
(collectively, the “Guaranteed Obligations”).

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

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

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

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

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

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

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

(e) any Beneficiary, upon such terms as it deems appropriate, without notice or
demand and without affecting the validity or enforceability hereof or giving rise to any reduction,
limitation, impairment, discharge or termination of any Guarantor’s liability hereunder, from time
to time may (i) renew, extend, accelerate, increase the rate of interest on, or otherwise change
the time, place, manner or terms of payment of the Guaranteed Obligations; (ii) settle, compromise,
release or discharge, or accept or refuse any offer of performance with respect to, or
substitutions for, the Guaranteed Obligations or any agreement relating thereto and/or subordinate
the payment of the same to the payment of any other obligations; (iii) request and accept other
guaranties of the Guaranteed Obligations and take and hold security for the payment hereof or the
Guaranteed Obligations; (iv) release, surrender, exchange, substitute, compromise, settle, rescind,
waive, alter, subordinate or modify, with or without consideration, any security for payment of the
Guaranteed Obligations, any other guaranties of the Guaranteed Obligations, or any other obligation
of any Person (including any other Guarantor) with respect to the Guaranteed Obligations; (v)
enforce and apply any security now or hereafter held by or for the benefit of such Beneficiary in
respect hereof or the Guaranteed Obligations and direct the order or manner of sale thereof, or
exercise any other right or remedy that such Beneficiary may have against any such security, in
each case as such Beneficiary in its discretion may determine consistent herewith and any
applicable security agreement, including foreclosure on any such security pursuant to one or more
judicial or non-judicial sales, whether or not every aspect of any such sale is commercially
reasonable, and even though such action operates to impair or extinguish any right of reimbursement
or subrogation or other right or remedy of any Guarantor against any Borrower or any security for
the Guaranteed Obligations; and (vi) exercise any other rights available to it under the Loan
Documents and Bank Product Agreements; and

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

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

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

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

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

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

Section 7.10 Financial Condition of Borrowers. Any Credit Extension may be
made to Company or continued from time to time without notice to or authorization from any
Guarantor regardless of the financial or other condition of any Borrower at the time of any such
grant or continuation is entered into, as the case may be. No Beneficiary shall have any
obligation to disclose or discuss with any Guarantor its assessment, or any Guarantor’s assessment,
of the financial condition of any Borrower. Each Guarantor has adequate means to obtain
information from any Borrower on a continuing basis concerning the financial condition of any
Borrower and its ability to perform its obligations under the Loan Documents and the Bank Product
Agreements, and each Guarantor assumes the responsibility for being and keeping informed of the
financial condition of any Borrower and of all circumstances bearing upon the risk of non-payment
of the Guaranteed Obligations. Each Guarantor hereby waives and relinquishes any duty on the part
of any Beneficiary to disclose any matter, fact or thing relating to the business, operations or
conditions of any Borrower now known or hereafter known by any Beneficiary.

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

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

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

Section 7.12 Discharge of Guaranty Upon Sale of Guarantor. If all of the
Capital Stock of any Guarantor or any of its successors in interest hereunder shall be sold or
otherwise disposed of (including by merger or consolidation) in accordance with the terms and
conditions hereof, the Guaranty of such Guarantor or such successor in interest, as the case may
be, hereunder shall automatically be discharged and released without any further action by any
Beneficiary or any other Person effective as of the time of such Asset Sale.

Section 7.13 Keepwell. Each Qualified ECP Guarantor hereby jointly and
severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other
support as may be needed from time to time by each other Loan Party to honor all of its obligations
under this Guaranty in respect of Swap Obligations (provided, however, that each
Qualified ECP Guarantor shall only be liable under this Section 7.13 for the maximum amount
of such liability that can be hereby incurred without rendering its obligations under this
Section 7.13, or otherwise under this Guaranty, voidable under applicable law relating to
fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of
each Qualified ECP Guarantor under this Section shall remain in full force and effect until all of
the Guaranteed Obligations shall have been paid in full. Each Qualified ECP Guarantor intends that
this Section 7.13 constitute, and this Section 7.13 shall be deemed to constitute,
a “keepwell, support, or other agreement” for the benefit of each other Loan Party for all purposes
of Section 1a(18)(A)(v)II) of the Commodity Exchange Act.

ARTICLE VIII

EVENTS OF DEFAULT

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

(a) Failure to Make Payments When Due. Failure by Borrowers to pay (i) the
principal of and premium, if any, on any Loan whether at stated maturity, by acceleration or
otherwise; (ii) when due any installment of principal of any Loan, by notice of voluntary
prepayment, by mandatory prepayment or otherwise; (iii) when due any Reimbursement Obligation; or
(iv) when due any interest on any Loan or any fee or any other amount due hereunder;

(b) Default in Other Agreements. (i) Failure of any Loan Party or any of
their respective Subsidiaries to pay when due any principal of or interest on or any other amount
payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in
Section 8.1(a)) in an individual principal amount of $1,000,000 or more or with an
aggregate principal amount of $2,500,000 or more, in each case beyond the grace period, if any,
provided therefor; or (ii) breach or default by any Loan Party with respect to any other material
term of (A) one or more items of Indebtedness in the individual or aggregate principal amounts
referred to in clause (i) above, or (B) any loan agreement, mortgage, indenture or other
agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, if any,
provided therefor, if the effect of such breach or default is to cause, or to permit the holder or
holders of that Indebtedness (or a trustee on behalf of such holder or holders), to cause, that
Indebtedness to become or be declared due and payable (or subject to a compulsory repurchase or
redeemable) or to require the prepayment, redemption, repurchase or defeasance of, or to cause
Company or any of its Subsidiaries to make any offer to prepay, redeem, repurchase or defease such
Indebtedness, prior to its stated maturity or the stated maturity of any underlying obligation, as
the case may be; or

(c) Breach of Certain Covenants. Failure of any Loan Party to perform or
comply with any term or condition contained in Section 2.5, Section 5.1,
Section 5.2, Section 5.3, Section 5.4, Section 5.5, Section
5.6, Section 5.7, Section 5.8, Section 5.9, Section 5.10,
Section 5.11, Section 5.13, Section 5.14, Section 5.15 or
Section 5.15 or Article VI; or

(d) Breach of Representations, etc. Any representation, warranty,
certification or other statement made or deemed made by any Loan Party in any Loan Document or in
any statement or certificate at any time given by any Loan Party or any of its Subsidiaries in
writing pursuant hereto or thereto or in connection herewith or therewith shall be false in any
material respect (except that such materiality qualifier shall not be applicable to any
representations or warranties that already are qualified or modified as to “materiality” or
“Material Adverse Effect” in the text thereof, which representations and warranties shall be true
and correct in all respects subject to such qualification) as of the date made or deemed made; or

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

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

(g) Voluntary Bankruptcy; Appointment of Receiver, etc. (i) Company or any
of its Subsidiaries shall have an order for relief entered with respect to it or shall commence a
voluntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or
similar law now or hereafter in effect, or shall consent to the entry of an order for relief in an
involuntary case, or to the conversion of an involuntary case to a voluntary case, under any such
law, or shall consent to the appointment of or taking possession by a receiver, trustee or other
custodian for all or a substantial part of its property; or Company or any of its Subsidiaries
shall make any assignment for the benefit of creditors; or (ii) Company or any of its Subsidiaries
shall be unable, or shall fail generally, or shall admit in writing its inability, to pay its debts
as such debts become due; or

(h) Judgments and Attachments. Any money judgment, writ or warrant of
attachment or similar process involving (i) in any individual case an amount in excess of
$1,000,000 or (ii) in the aggregate at any time an amount in excess of $2,500,000 (in either case
to the extent not adequately covered by insurance as to which a solvent and unaffiliated insurance
company has acknowledged coverage) shall be entered or filed against Company or any of its
Subsidiaries or any of their respective assets and shall remain undischarged, unvacated, unbonded
or unstayed for a period of sixty days (or in any event later than five days prior to the date of
any proposed sale thereunder); or

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

(j) Employee Benefit Plans. (i) There shall occur one or more ERISA Events
which results in or might reasonably be expected to result in liability of Company, any of its
Subsidiaries or any of their respective ERISA Affiliates in excess of $2,500,000 during the term
hereof; or (ii) there exists any fact or circumstance that reasonably could be expected to result
in the imposition of a Lien or security interest under Section 412(n) of the Internal Revenue Code
or under ERISA; or

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

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

(m) Proceedings. Either (i) any Loan Party is criminally indicted or (ii) a
criminal or civil proceeding is commenced against any Loan Party, that in any case, may reasonably
be expected (as determined in the Agent’s reasonable discretion) to lead to (i) a forfeiture of any
property of such Loan Party having a fair market value in excess of $750,000, or (ii) a fine,
penalty or other payment in excess of $750,000; or

(n) Cessation of Business. (i) Any Borrower is enjoined, restrained or in
any way prevented by the order of any court or any Governmental Authority from conducting all or
any material part of its business for more than 15 days; (ii) any other cessation of a material
part of the business of Company or any of its Subsidiaries for a period which materially and
adversely affects Company and its Subsidiaries taken as a whole; or (iii) any material damage to,
or loss, theft or destruction of, any material amount of Collateral whether or not insured or any
strike, lockout, labor dispute, embargo, condemnation, act of God or public enemy, or other
casualty which causes, for more than 15 consecutive days, the cessation or substantial curtailment
of revenue producing activities at a material portion of the Real Properties; or

(o) Subordinated Indebtedness. There shall occur and be continuing any
“Event of Default” (or any comparable term) under, and as defined in the documents evidencing or
governing any Subordinated Indebtedness, (ii) any of the Obligations for any reason shall cease to
be “Senior Indebtedness” or “Designated Senior Indebtedness” (or any comparable terms) under, and
as defined in the documents evidencing or governing any Subordinated Indebtedness, (iii) any
Indebtedness other than the Obligations shall constitute “Designated Senior Indebtedness” (or any
comparable term) under, and as defined in, the documents evidencing or governing any Subordinated
Indebtedness, (iv) any holder of Subordinated Indebtedness shall fail to perform or comply with any
of the subordination provisions of the documents evidencing or governing such Subordinated
Indebtedness (including, without limitation, any Subordination Agreement), or (v) the subordination
provisions of the documents (including, without limitation, any Subordination Agreement) evidencing
or governing any Subordinated Indebtedness shall, in whole or in part, terminate, cease to be
effective or cease to be legally valid, binding and enforceable against any holder of the
applicable Subordinated Indebtedness; or

THEN, (A) upon the occurrence of any Event of Default described in Section 8.1(f) or
Section 8.1(g), automatically, and (B) upon the occurrence of any other Event of Default,
at the request of (or with the consent of) Required Lenders, upon notice to Administrative Borrower
by Agent, (1) the Commitments, if any, of each Lender having such Commitments shall immediately
terminate; (2) each of the following shall immediately become due and payable, in each case without
presentment, demand, protest or other requirements of any kind, all of which are hereby expressly
waived by each Loan Party: (x) the unpaid principal amount of and accrued interest on the Loans
and Reimbursement Obligations, and (y) all other Obligations; provided, the foregoing shall
not affect in any way the obligations of Lenders under Section 2.3(e); (3) Agent may
enforce any and all Liens and security interests created pursuant to Collateral Documents; (4) the
Borrowers shall Cash Collateralize each Letter of Credit then outstanding; and (5) the Borrowers
shall be obligated to provide (and Borrowers agree that they will provide) Bank Product
Collateralization to be held as security for the Borrowers’ Obligations in respect of outstanding
Bank Product Obligations.

ARTICLE IX

AGENT AND SERVICE AGENT

Section 9.1 Appointment of Agent and Service Agent. 

(a) PNC Bank, National Association is hereby appointed Service Agent hereunder and
under the other Loan Documents and each Lender hereby authorizes PNC Bank, National Association, in
such capacity, to act as its agent in accordance with the terms hereof and the other Loan
Documents, including, without limitation, to make Protective Advances, and loans, for Service Agent
or on behalf of the applicable Lenders as provided in this Agreement or any other Loan Document and
to perform, exercise and enforce any and all other rights and remedies of the Lenders with respect
to the Loan Parties, the Obligations or otherwise related to any of same to the extent reasonably
incidental to the exercise by Service Agent of the rights and remedies specifically authorized to
be exercised by Service Agent by the terms of this Agreement or any other Loan Parties.

(b) TSL is hereby appointed Agent hereunder and under the other Loan Documents and
each Lender hereby authorizes TSL, in such capacity, to act as its agent in accordance with the
terms hereof and the other Loan Documents, including, without limitation, to make loans and
Protective Advances, for Agent or on behalf of the applicable Lenders as provided in this Agreement
or any other Loan Document and to perform, exercise and enforce any and all other rights and
remedies of the Lenders with respect to the Loan Parties, the Obligations or otherwise related to
any of same to the extent reasonably incidental to the exercise by Agent of the rights and remedies
specifically authorized to be exercised by Agent by the terms of this Agreement or any other Loan
Parties.

(c) Each of Agent and Service Agent hereby agrees to act upon the express conditions
contained herein and the other Loan Documents, as applicable. The provisions of this Article
IX are solely for the benefit of Agent, Service Agent and Lenders and no Loan Party shall have
any rights as a third party beneficiary of any of the provisions thereof. In performing its
functions and duties hereunder, each of Agent and Service Agent shall act solely as an agent of
Lenders and does not assume and shall not be deemed to have assumed any obligation towards or
relationship of agency or trust with or for Company or any of its Subsidiaries.

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

Section 9.3 General Immunity.

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

(b) Exculpatory Provisions. No Agent or Service Agent nor any of its
officers, partners, directors, employees or agents shall be liable to Lenders for any action taken
or omitted by Agent or Service Agent under or in connection with any of the Loan Documents except
to the extent caused by such Agent’s or Service Agent’s gross negligence or willful misconduct, as
determined by a court of competent jurisdiction in a final, non-appealable order. Each of Agent
and Service Agent shall be entitled to refrain from any act or the taking of any action (including
the failure to take an action) in connection herewith or any of the other Loan Documents or from
the exercise of any power, discretion or authority vested in it hereunder or thereunder unless and
until such Agent or Service Agent shall have received instructions in respect thereof from Required
Lenders (or such other Lenders as may be required to give such instructions under Section
10.5) and, upon receipt of such instructions from Required Lenders (or such other Lenders, as
the case may be), such Agent or Service Agent shall be entitled to act or (where so instructed)
refrain from acting, or to exercise such power, discretion or authority, in accordance with such
instructions. Without prejudice to the generality of the foregoing, (i) each of Agent and Service
Agent shall be entitled to rely, and shall be fully protected in relying, upon any communication,
instrument or document believed by it to be genuine and correct and to have been signed or sent by
the proper Person or Persons, and shall be entitled to rely and shall be protected in relying on
opinions and judgments of attorneys (who may be attorneys for Company and its Subsidiaries),
accountants, experts and other professional advisors selected by it; and (ii) no Lender shall have
any right of action whatsoever against Agent or Service Agent as a result of such Agent or Service
Agent acting or (where so instructed) refraining from acting hereunder or any of the other Loan
Documents in accordance with the instructions of Required Lenders (or such other Lenders as may be
required to give such instructions under Section 10.5).

(c) Notice of Default. No Agent shall not be deemed to have knowledge or
notice of the occurrence of any Default or Event of Default, except with respect to Events of
Default in the payment of principal, interest and fees required to be paid to Agent or Service
Agent for the account of the Lenders, unless such Agent or Service Agent shall have received
written notice from a Lender or the Loan Party referring to this Agreement, describing such Default
or Event of Default and stating that such notice is a “notice of default.” Each of Agent and
Service Agent will notify the Lenders of its receipt of any such notice. Each of Agent and Service
Agent shall take such action with respect to any such Default or Event of Default as may be
directed by the Required Lenders in accordance with Article VIII; provided,
however, that unless and until such Agent or Service Agent has received any such direction,
such Agent or Service Agent may (but shall not be obligated to) take such action, or refrain from
taking such action, with respect to such Default or Event of Default as it shall deem advisable or
in the best interest of the Lenders.

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

Section 9.5 Lenders’ Representations, Warranties and Acknowledgment.

(a) Each Lender represents and warrants that it has made its own independent
investigation of the financial condition and affairs of Company and its Subsidiaries in connection
with Credit Extensions hereunder and that it has made and shall continue to make its own appraisal
of the creditworthiness of Company and its Subsidiaries. No Agent shall have any duty or
responsibility, either initially or on a continuing basis, to make any such investigation or any
such appraisal on behalf of Lenders or to provide any Lender with any credit or other information
with respect thereto, whether coming into its possession before the making of the Loans or at any
time or times thereafter, and no Agent shall have any responsibility with respect to the accuracy
of or the completeness of any information provided to Lenders.

(b) Each Lender, by delivering its signature page to this Agreement and funding its
Term Loan and/or Revolving Loans on the Closing Date, shall be deemed to have acknowledged receipt
of, and consented to and approved, each Loan Document and each other document required to be
approved by Agent, Service Agent, Required Lenders or Lenders, as applicable on the Closing Date.

(c) Each Lender (i) represents and warrants that as of the Closing Date neither such
Lender nor its Affiliates or Related Funds owns or controls, or owns or controls any Person owning
or controlling, any trade debt or Indebtedness of any Loan Party other than the Obligations or any
Capital Stock of any Loan Party and (ii) covenants and agrees that from and after the Closing Date
neither such Lender nor its Affiliates and Related Funds shall purchase any trade debt or
Indebtedness of any Loan Party other than the Obligations or Capital Stock described in clause
(i) above without the prior written consent of Agent.

Section 9.6 Right to Indemnity. EACH LENDER, IN PROPORTION TO ITS PRO RATA
SHARE, SEVERALLY AGREES TO INDEMNIFY EACH OF AGENT AND SERVICE AGENT, THEIR AFFILIATES AND THEIR
RESPECTIVE OFFICERS, PARTNERS, DIRECTORS, TRUSTEES, EMPLOYEES AND AGENTS OF AGENT AND SERVICE AGENT
(EACH, AN “INDEMNITEE AGENT PARTY”), TO THE EXTENT THAT SUCH INDEMNITEE AGENT PARTY SHALL
NOT HAVE BEEN REIMBURSED BY ANY LOAN PARTY, FOR AND AGAINST ANY AND ALL LIABILITIES, OBLIGATIONS,
LOSSES, DAMAGES, PENALTIES, ACTIONS, JUDGMENTS, SUITS, COSTS, EXPENSES (INCLUDING COUNSEL FEES AND
DISBURSEMENTS) OR DISBURSEMENTS OF ANY KIND OR NATURE WHATSOEVER WHICH MAY BE IMPOSED ON, INCURRED
BY OR ASSERTED AGAINST SUCH INDEMNITEE AGENT PARTY IN EXERCISING ITS POWERS, RIGHTS AND REMEDIES OR
PERFORMING ITS DUTIES HEREUNDER OR UNDER THE OTHER LOAN DOCUMENTS OR OTHERWISE IN ITS CAPACITY AS
SUCH INDEMNITEE AGENT PARTY IN ANY WAY RELATING TO OR ARISING OUT OF THIS AGREEMENT OR THE OTHER
LOAN DOCUMENTS, IN ALL CASES, WHETHER OR NOT CAUSED BY OR ARISING, IN WHOLE OR IN PART, OUT OF THE
COMPARATIVE, CONTRIBUTORY, OR SOLE NEGLIGENCE OF SUCH INDEMNITEE AGENT PARTY; PROVIDED, NO
LENDER SHALL BE LIABLE FOR ANY PORTION OF SUCH LIABILITIES, OBLIGATIONS, LOSSES, DAMAGES,
PENALTIES, ACTIONS, JUDGMENTS, SUITS, COSTS, EXPENSES OR DISBURSEMENTS RESULTING FROM SUCH
INDEMNITEE AGENT PARTY’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT, AS DETERMINED BY A COURT OF
COMPETENT JURISDICTION IN A FINAL, NON-APPEALABLE ORDER. IF ANY INDEMNITY FURNISHED TO ANY
INDEMNITEE AGENT PARTY FOR ANY PURPOSE SHALL, IN THE OPINION OF SUCH INDEMNITEE AGENT PARTY, BE
INSUFFICIENT OR BECOME IMPAIRED, SUCH INDEMNITEE AGENT PARTY MAY CALL FOR ADDITIONAL INDEMNITY AND
CEASE, OR NOT COMMENCE, TO DO THE ACTS INDEMNIFIED AGAINST UNTIL SUCH ADDITIONAL INDEMNITY IS
FURNISHED; PROVIDED, IN NO EVENT SHALL THIS SENTENCE REQUIRE ANY LENDER TO INDEMNIFY ANY
INDEMNITEE AGENT PARTY AGAINST ANY LIABILITY, OBLIGATION, LOSS, DAMAGE, PENALTY, ACTION, JUDGMENT,
SUIT, COST, EXPENSE OR DISBURSEMENT IN EXCESS OF SUCH LENDER’S PRO RATA SHARE THEREOF; AND
PROVIDED FURTHER, THIS SENTENCE SHALL NOT BE DEEMED TO REQUIRE ANY LENDER TO
INDEMNIFY ANY INDEMNITEE AGENT PARTY AGAINST ANY LIABILITY, OBLIGATION, LOSS, DAMAGE, PENALTY,
ACTION, JUDGMENT, SUIT, COST, EXPENSE OR DISBURSEMENT DESCRIBED IN THE PROVISO IN THE IMMEDIATELY
PRECEDING SENTENCE. NOTWITHSTANDING THE FOREGOING, IN NO EVENT SHALL ANY REVOLVING LOAN LENDER BE
REQUIRED TO INDEMNIFY THE AGENT (OR ANY OF ITS INDEMNITEE AGENT PARTIES) WITH RESPECT TO ANY
ENVIRONMENTAL LIABILITIES AND COSTS INCURRED IN CONNECTION WITH THE FORECLOSURE UPON (OR OTHER
EXERCISE OF SECURED CREDITOR RIGHTS AND REMEDIES SOLELY WITH RESPECT TO), OR OWNERSHIP OF,
SPECIFIED TERM PRIORITY COLLATERAL BY AGENT OR ANY TERM LOAN LENDER (OR ANY ENTITY CREATED BY AGENT
OR THE TERM LOAN LENDERS FOR PURPOSES OF OWNING SPECIFIED TERM PRIORITY COLLATERAL ON BEHALF OF THE
AGENT OR TERM LOAN LENDERS).

Section 9.7 Successor Agent and Service Agent.

(a) Agent may resign at any time by giving thirty days’ (or such shorter period as
shall be agreed by the Required Lenders) prior written notice thereof to Lenders, Company and the
Service Agent. Upon any such notice of resignation, Required Lenders shall have the right, upon
five Business Days’ notice to Administrative Borrower, to appoint a successor Agent. If no
successor shall have been so appointed by the Required Lenders and shall have accepted such
appointment within thirty (30) days after the retiring Agent gives notice of its resignation, then
the retiring Agent may, on behalf of the Lenders appoint a successor Agent from among the Lenders.
Upon the acceptance of any appointment as Agent hereunder by a successor Agent, that successor
Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and
duties of the retiring Agent, and the retiring Agent shall promptly (i) transfer to such successor
Agent all sums, Securities and other items of Collateral held under the Collateral Documents,
together with all records and other documents necessary or appropriate in connection with the
performance of the duties of the successor Agent under the Loan Documents, and (ii) execute and
deliver to such successor Agent such amendments to financing statements, and take such other
actions, as may be necessary or appropriate in connection with the assignment to such successor
Agent of the security interests created under the Collateral Documents, whereupon such retiring
Agent shall be discharged from its duties and obligations hereunder. After any retiring Agent’s
resignation hereunder as Agent, the provisions of this Article IX shall inure to its
benefit as to any actions taken or omitted to be taken by it while it was Agent hereunder.

(b) Notwithstanding anything herein to the contrary, Agent may assign its rights and
duties as Agent hereunder to an Affiliate of TSL without the prior written consent of, or prior
written notice to, Company or the Lenders; provided that Borrowers and the Lenders may deem
and treat such assigning Agent as Agent, as applicable, for all purposes hereof, unless and until
such assigning Agent provides written notice to Administrative Borrower and the Lenders of such
assignment. Upon such assignment such Affiliate shall succeed to and become vested with all
rights, powers, privileges and duties as Agent hereunder and under the other Loan Documents.

(c) Agent may perform any and all of its duties and exercise its rights and powers
under this Agreement or under any other Loan Document by or through any one or more sub-agents
appointed by Agent. Agent hereby appoints PNC Bank, National Association as Agent’s sub-agent to
enter into, and perform all its duties and exercise its rights and powers under, the Control
Agreements in accordance with the Loan Documents. Agent and any such sub-agent may perform any and
all of its duties and exercise its rights and powers by or through their respective Affiliates.
The exculpatory, indemnification and other provisions of Section 9.3, Section 9.6
and of this Section 9.7 shall apply to any of the Affiliates of Agent and shall apply to
their respective activities in connection with the syndication of the credit facilities provided
for herein as well as activities as Agent. All of the rights, benefits and privileges (including
the exculpatory and indemnification provisions) of Section 9.3, Section 9.6 and of
this Section 9.7 shall apply to any such sub-agent and to the Affiliates of any such
sub-agent, and shall apply to their respective activities as sub-agent as if such sub-agent and
Affiliates were named herein. Notwithstanding anything herein to the contrary, with respect to
each sub-agent appointed by Agent, (i) such sub-agent shall be a third party beneficiary under this
Agreement with respect to all such rights, benefits and privileges (including exculpatory and
rights to indemnification) and shall have all of the rights, benefits and privileges of a third
party beneficiary, including an independent right of action to enforce such rights, benefits and
privileges (including exculpatory rights and rights to indemnification) directly, without the
consent or joinder of any other Person, against any or all of the Loan Parties and the Lenders,
(ii) such rights, benefits and privileges (including exculpatory rights and rights to
indemnification) shall not be modified or amended without the consent of such sub-agent, and (iii)
such sub-agent shall only have obligations to Agent and not to any Loan Party, Lender or any other
Person and no Loan Party, Lender or any other Person shall have the rights, directly or indirectly,
as a third party beneficiary or otherwise, against such sub-agent. The Agent reserves the right to
replace and/or remove any of its sub-agents at any time.

(d) Service Agent may resign at any time by giving thirty days’ (or such shorter
period as shall be agreed by the Required Lenders) prior written notice thereof to Lenders, Company
and Agent. Upon any such notice of resignation, Required Lenders shall have the right, upon five
Business Days’ notice to Administrative Borrower, to appoint a successor Service Agent. If no
successor shall have been so appointed by the Required Lenders and shall have accepted such
appointment within thirty (30) days after the retiring Service Agent gives notice of its
resignation, then the retiring Service Agent may, on behalf of the Lenders appoint a successor
Service Agent from among the Lenders. Upon the acceptance of any appointment as Service Agent
hereunder by a successor Service Agent, that successor Service Agent shall thereupon succeed to and
become vested with all the rights, powers, privileges and duties of the retiring Service Agent, and
the retiring Service Agent shall promptly (i) transfer to such successor Service Agent all sums,
Securities and other items of Collateral held under the Collateral Documents, together with all
records and other documents necessary or appropriate in connection with the performance of the
duties of the successor Service Agent under the Loan Documents, and (ii) execute and deliver to
such successor Service Agent such amendments to financing statements, and take such other actions,
as may be necessary or appropriate in connection with the assignment to such successor Service
Agent of the security interests created under the Collateral Documents, whereupon such retiring
Service Agent shall be discharged from its duties and obligations hereunder. After any retiring
Service Agent’s resignation hereunder as Service Agent, the provisions of this Article IX
shall inure to its benefit as to any actions taken or omitted to be taken by it while it was
Service Agent hereunder.

(e) Service Agent may perform any and all of its duties and exercise its rights and
powers under this Agreement or under any other Loan Document by or through any one or more
sub-agents appointed by Service Agent. Service Agent and any such sub-agent may perform any and
all of its duties and exercise its rights and powers by or through their respective Affiliates.
The exculpatory, indemnification and other provisions of Section 9.3, Section 9.6
and of this Section 9.7 shall apply to any of the Affiliates of Service 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 Service Agent. All of the rights, benefits and
privileges (including the exculpatory and indemnification provisions) of Section 9.3,
Section 9.6 and of this Section 9.7 shall apply to any such sub-agent and to the
Affiliates of any such sub-agent, and shall apply to their respective activities as sub-agent as if
such sub-agent and Affiliates were named herein. Notwithstanding anything herein to the contrary,
with respect to each sub-agent appointed by Service Agent, (i) such sub-agent shall be a third
party beneficiary under this Agreement with respect to all such rights, benefits and privileges
(including exculpatory and rights to indemnification) and shall have all of the rights, benefits
and privileges of a third party beneficiary, including an independent right of action to enforce
such rights, benefits and privileges (including exculpatory rights and rights to indemnification)
directly, without the consent or joinder of any other Person, against any or all of the Loan
Parties and the Lenders, (ii) such rights, benefits and privileges (including exculpatory rights
and rights to indemnification) shall not be modified or amended without the consent of such
sub-agent, and (iii) such sub-agent shall only have obligations to Service Agent and not to any
Loan Party, Lender or any other Person and no Loan Party, Lender or any other Person shall have the
rights, directly or indirectly, as a third party beneficiary or otherwise, against such sub-agent.
The Service Agent reserves the right to replace and/or remove any of its sub-agents at any time.

Section 9.8 Collateral Documents and Guaranty.

(a) Agents under Collateral Documents and Guaranty. Each Lender hereby
further authorizes Service Agent or Agent, as applicable, on behalf of and for the benefit of
Lenders, to be the agent for and representative of Lenders with respect to the Guaranty, the
Collateral and the Collateral Documents. Subject to Section 10.5, without further written
consent or authorization from Lenders, Service Agent or Agent, as applicable, may execute any
documents or instruments necessary to (i) release any Lien encumbering any item of Collateral that
is the subject of a sale or other disposition of assets permitted hereby or to which Required
Lenders (or such other Lenders as may be required to give such consent under Section 10.5)
have otherwise consented, or (ii) release any Guarantor from the Guaranty pursuant to Section
7.12 or with respect to which Required Lenders (or such other Lenders as may be required to
give such consent under Section 10.5) have otherwise consented.

(b) Right to Realize on Collateral and Enforce Guaranty. Anything contained
in any of the Loan Documents to the contrary notwithstanding, Company, Service Agent, Agent and
each Lender hereby agree that (i) no Lender shall have any right individually to realize upon any
of the Collateral or to enforce the Guaranty, it being understood and agreed that all powers,
rights and remedies hereunder may be exercised solely by Agent, on behalf of Lenders in accordance
with the terms hereof and all powers, rights and remedies under the Collateral Documents may be
exercised solely by Agent, and (ii) in the event of a foreclosure by Agent on any of the Collateral
pursuant to a public or private sale or any sale of the Collateral in a case under the Bankruptcy
Code, Agent or any Lender may be the purchaser of any or all of such Collateral at any such sale
and Agent, as agent for and representative of Secured Parties (but not any Lender or Lenders in its
or their respective individual capacities unless Required Lenders shall otherwise agree in writing)
shall be entitled, for the purpose of bidding and making settlement or payment of the purchase
price for all or any portion of the Collateral sold at any such public sale, to use and apply any
of the Obligations as a credit on account of the purchase price for any collateral payable by Agent
at such sale.

Section 9.9 Agency for Perfection. Agent, Service Agent and each Lender
hereby appoints Agent, Service Agent and each other Lender as agent and bailee for the purpose of
perfection the security interests in and liens upon the Collateral in assets which, in accordance
with Article 9 of the UCC, can be perfected only by possession or control (or where the security
interest of a secured party with possession or control has priority over the security interest of
another secured party) and Agent, Service Agent and each Lender hereby acknowledges that it holds
possession of or otherwise controls any such Collateral for the benefit of the Agent, Service Agent
and the Lenders as secured party. Should Service Agent or any Lender obtain possession or control
of any such Collateral, Service Agent or such Lender shall notify Agent thereof, and, promptly upon
Agent’s request therefore shall deliver such Collateral to Agent or in accordance with Agent’s
instructions. In addition, Agent shall also have the power and authority hereunder to appoint such
other sub-agents as may be necessary or required under applicable state law or otherwise to perform
its duties and enforce its rights with respect to the Collateral and under the Loan Documents.
Each Loan Party by its execution and delivery of this Agreement hereby consents to the foregoing.

Section 9.10 Subordination Agreements. Each Lender and Agent hereby grants
to Agent all requisite authority to enter into or otherwise become bound by each Subordination
Agreement and to bind each Lender and Agent thereto by Agent’s entering into or otherwise becoming
bound thereby, and no further consent or approval on the part of any Lender or Agent is or will be
required in connection with the performance by Agent of any Subordination Agreement.

Section 9.11 Reports and Other Information; Confidentiality; Disclaimers.
By becoming a party to this Agreement, each Lender:

(a) is deemed to have requested that the Agent or Service Agent furnish such Lender
or the Agent or Service Agent, promptly after it becomes available, a copy of each field audit or
examination report with respect to Company or its Subsidiaries (each a “Report” and
collectively, “Reports”) prepared by or at the request of Agent or Service Agent, and such
Agent or Service Agent shall so furnish each Lender, Service Agent and Agent with such Reports,

(b) expressly agrees and acknowledges that no Agent (i) makes any representation or
warranty as to the accuracy of any Report, and (ii) shall be liable for any information contained
in any Report,

(c) expressly agrees and acknowledges that the Reports are not comprehensive audits
or examinations, that Agent or Service Agent or other party performing any audit or examination
will inspect only specific information regarding Company and its Subsidiaries and will rely
significantly upon Company’s and its Subsidiaries’ books and records, as well as on representations
of such Person’s personnel,

(d) agrees to keep all Reports and other material, non-public information regarding
Company and its Subsidiaries and their operations, assets, and existing and contemplated business
plans in a confidential manner in accordance with Section 10.17, and

(e) without limiting the generality of any other indemnification provision contained
in this Agreement, agrees: (i) to hold the applicable Agent and any other Lender or Agent
preparing a Report harmless from any action the indemnifying Lender or Agent may take or fail to
take or any conclusion the indemnifying Lender or Agent may reach or draw from any Report in
connection with any loans or other credit accommodations that the indemnifying Lender or Agent has
made or may make to Borrowers, or the indemnifying Lender’s or Agent’s participation in, or the
indemnifying Lender’s or Agent’s purchase of, a loan or loans of Borrowers, and (ii) to pay and
protect, and indemnify, defend and hold the applicable Agent, and any such other Lender or Agent
preparing a Report harmless from and against, the claims, actions, proceedings, damages, costs,
expenses, and other amounts (including, attorney’s fees and costs) incurred by the applicable Agent
and any such other Lender or Agent preparing a Report as the direct or indirect result of any third
parties who might obtain all or part of any Report through the indemnifying Lender or Agent.

In addition to the foregoing: (x) any Lender, Service Agent or Agent may from time to time
request of Agent or Service Agent in writing that Agent or Service Agent provide to such Lender,
Agent or Service Agent a copy of any report or document provided by Company or its Subsidiaries to
Agent or Service Agent that has not been contemporaneously provided by Company or such Subsidiary
to such Lender, Agent or Service Agent, and, upon receipt of such request, such Agent or Service
Agent promptly shall provide a copy of same to such Lender, Agent or Service Agent, (y) to the
extent that such Agent or Service Agent is entitled, under any provision of the Loan Documents, to
request additional reports or information from Company or its Subsidiaries, any Lender, Agent or
Service Agent may, from time to time, reasonably request such Agent or Service Agent to exercise
such right as specified in such Lender’s or Agent’s or Service Agent ‘s notice to such Agent or
Service Agent, whereupon such Agent or Service Agent promptly shall request of Company the
additional reports or information reasonably specified by such Lender, Agent or Service Agent, and,
upon receipt thereof from Company or Company or such Subsidiary, such Agent or Service Agent
promptly shall provide a copy of same to such Lender, Agent or Service Agent, and (z) any time that
Service Agent renders to Company a statement regarding the Loan Account, Service Agent shall send a
copy of such statement to the Agent.

ARTICLE X

MISCELLANEOUS

Section 10.1 Notices.

(a) Notices Generally. Unless otherwise specifically provided herein, any
notice or other communication herein required or permitted to be given to a Loan Party, Agent,
Service Agent or L/C Issuer, shall be sent to such Person’s address as set forth on Appendix
B or in the other relevant Loan Document, and in the case of any Lender, the address as
indicated on Appendix B or otherwise indicated to Service Agent in writing. Each notice hereunder
shall be in writing and may be personally served or sent by facsimile, email or United States mail
or courier service and shall be deemed to have been given when delivered in person or by courier
service and signed for against receipt thereof, upon receipt of facsimile or email, or three
Business Days after depositing it in the United States mail with postage prepaid and properly
addressed; provided, no notice to Agent, Service Agent or L/C Issuer shall be effective
until received by such Agent, Service Agent or L/C Issuer.

(b) Electronic Communications.

(i) Agent, Service Agent and each Loan Party 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. Notices and other communications to the Lenders and the L/C
Issuer hereunder may be delivered or furnished by electronic communication (including e-mail and
Internet or intranet websites) pursuant to procedures approved by the Agent and Service Agent,
provided that the foregoing shall not apply to notices to any Lender or L/C Issuer pursuant
to Article II if such Lender or L/C Issuer, as applicable, has notified the Agent and
Service Agent that it is incapable of receiving notices under such Article by electronic
communication.

(ii) Unless Service Agent otherwise prescribes, (A) 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), and (B) 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 (A), of notification
that such notice or communication is available and identifying the website address therefor;
provided that, for both clauses (A) and (B) above, if such notice, email 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.

Section 10.2 Expenses. Whether or not the transactions contemplated hereby
shall be consummated, Borrowers agree to pay promptly (a) all of Agent’s and Service Agent’s actual
and reasonable costs and expenses of preparation of the Loan Documents and any consents,
amendments, waivers or other modifications thereto; (b) all the reasonable fees, expenses and
disbursements of counsel to Agent and Service Agent in connection with the negotiation,
preparation, execution and administration of the Loan Documents and any consents, amendments,
waivers or other modifications thereto and any other documents or matters requested by Borrowers;
(c) all the actual costs and reasonable expenses of creating and perfecting Liens in favor of
Agent, for the benefit of Secured Parties, including filing and recording fees, expenses and taxes,
stamp or documentary taxes, search fees, title insurance premiums and reasonable fees, expenses and
disbursements of counsel to Agent and Service Agent and of counsel providing any opinions that
Agent, Service Agent or Required Lenders may request in respect of the Collateral or the Liens
created pursuant to the Collateral Documents; (d) all of Agent’s and Service Agent’s actual costs
and reasonable fees, expenses for, and disbursements of any of Agent’s and Service Agent’s
auditors, accountants, consultants or appraisers actively working in the administration or
servicing of the Loans, the Collateral and this Agreement, whether internal or external, and all
reasonable attorneys’ fees (including allocated costs of internal counsel and expenses and
disbursements of outside counsel) incurred by Agent and Service Agent; (e) all the actual costs and
reasonable expenses (including the reasonable fees, expenses and disbursements of any appraisers,
consultants, advisors and agents employed or retained by Agent and its counsel) in connection with
the custody or preservation of any of the Collateral; (f) all the actual costs and reasonable
expenses of Agent, Service Agent and Lenders in connection with the attendance at any meetings in
connection with this Agreement and the other Loan Documents (including the meetings referred to in
Section 5.7); and (g) after the occurrence of a Default or an Event of Default, all costs
and expenses, including reasonable attorneys’ fees (including allocated costs of internal counsel)
and costs of settlement, incurred by Agent, Service Agent and Lenders in enforcing any Obligations
of or in collecting any payments due from any Loan Party hereunder or under the other Loan
Documents by reason of such Default or Event of Default (including in connection with the sale of,
collection from, or other realization upon any of the Collateral or the enforcement of the
Guaranty) or in connection with any refinancing or restructuring of the credit arrangements
provided hereunder in the nature of a “work out” or pursuant to any insolvency or bankruptcy cases
or proceedings; in each case, for which the invoice for such costs, fees and expenses shall have
been presented to the Administrative Borrower..

Section 10.3 Indemnity.

(a) IN ADDITION TO THE PAYMENT OF EXPENSES PURSUANT TO SECTION 10.2, WHETHER
OR NOT THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE CONSUMMATED, EACH LOAN PARTY AGREES TO DEFEND
(SUBJECT TO INDEMNITEES’ SELECTION OF COUNSEL), INDEMNIFY, PAY AND HOLD HARMLESS, AGENT, SERVICE
AGENT AND EACH LENDER, THEIR AFFILIATES AND THEIR RESPECTIVE OFFICERS, PARTNERS, DIRECTORS,
TRUSTEES, EMPLOYEES AND AGENTS OF AGENT, SERVICE AGENT AND EACH LENDER (EACH, AN
"INDEMNITEE”), FROM AND AGAINST ANY AND ALL INDEMNIFIED LIABILITIES, IN ALL CASES, WHETHER
OR NOT CAUSED BY OR ARISING, IN WHOLE OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY, OR SOLE
NEGLIGENCE OF SUCH INDEMNITEE; PROVIDED, NO LOAN PARTY SHALL HAVE ANY OBLIGATION TO ANY
INDEMNITEE HEREUNDER WITH RESPECT TO ANY INDEMNIFIED LIABILITIES TO THE EXTENT SUCH INDEMNIFIED
LIABILITIES ARISE FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT, AS DETERMINED BY A COURT OF
COMPETENT JURISDICTION IN A FINAL, NON-APPEALABLE ORDER, OF THAT INDEMNITEE. TO THE EXTENT THAT
THE UNDERTAKINGS TO DEFEND, INDEMNIFY, PAY AND HOLD HARMLESS SET FORTH IN THIS SECTION 10.3
MAY BE UNENFORCEABLE IN WHOLE OR IN PART BECAUSE THEY ARE VIOLATIVE OF ANY LAW OR PUBLIC POLICY,
THE APPLICABLE LOAN PARTY SHALL CONTRIBUTE THE MAXIMUM PORTION THAT IT IS PERMITTED TO PAY AND
SATISFY UNDER APPLICABLE LAW TO THE PAYMENT AND SATISFACTION OF ALL INDEMNIFIED LIABILITIES
INCURRED BY INDEMNITEES OR ANY OF THEM.

(b) To the extent permitted by applicable law, no Loan Party shall assert, and each
Loan Party hereby waives, any claim against Lenders, Agent, Service Agent, L/C Issuer and their
respective Affiliates, directors, employees, attorneys or agents, on any theory of liability, for
special, indirect, consequential or punitive damages (as opposed to direct or actual damages)
(whether or not the claim therefor is based on contract, tort or duty imposed by any applicable
legal requirement) arising out of, in connection with, as a result of, or in any way related to,
this Agreement or any Loan Document or any agreement or instrument contemplated hereby or thereby
or referred to herein or therein, the transactions contemplated hereby or thereby, any Loan or the
use of the proceeds thereof or any act or omission or event occurring in connection therewith, and
each Borrower hereby waives, releases and agrees not to sue upon any such claim or any such
damages, whether or not accrued and whether or not known or suspected to exist in its favor.

Section 10.4 Set-Off. In addition to any rights now or hereafter granted
under applicable law and not by way of limitation of any such rights, upon the occurrence of any
Event of Default each Lender, L/C Issuer and their respective Affiliates is hereby authorized by
each Loan Party at any time or from time to time subject to the consent of Agent (such consent not
to be unreasonably withheld or delayed), without notice to any Loan Party or to any other Person
(other than Agent), any such notice being hereby expressly waived, to set off and to appropriate
and to apply any and all deposits (general or special, including Indebtedness evidenced by
certificates of deposit, whether matured or unmatured, but not including trust accounts (in
whatever currency)) and any other Indebtedness at any time held or owing by such Lender to or for
the credit or the account of any Loan Party (in whatever currency) against and on account of the
obligations and liabilities of any Loan Party to such Lender or L/C Issuer hereunder, the Letters
of Credit under the other Loan Documents, including all claims of any nature or description arising
out of or connected hereto, and the Letters of Credit or with any other Loan Document, irrespective
of whether or not (a) such Lender shall have made any demand hereunder, (b) the principal of or the
interest on the Loans or any other amounts due hereunder shall have become due and payable pursuant
to Article II and although such obligations and liabilities, or any of them, may be
contingent or unmatured or (c) such obligation or liability is owed to a branch or office of such
Lender or L/C Issuer different from the branch or office holding such deposit or obligation or such
Indebtedness.

Section 10.5 Amendments and Waivers.

(a) Required Lenders’ Consent. Subject to Sections 10.5(b) and
10.5(c), no amendment, modification, termination or waiver of any provision of the Loan
Documents, or consent to any departure by any Loan Party therefrom, shall in any event be effective
without the written concurrence of Agent and the Required Lenders.

(b) Affected Lenders’ Consent. Without the written consent of each Lender
(other than a Defaulting Lender) that would be affected thereby, no amendment, modification,
termination, or consent shall be effective if the effect thereof would:

(i) extend the scheduled final maturity of any Loan or Note;

(ii) waive, reduce or postpone any scheduled repayment (but not prepayment);

(iii) extend the stated expiration date of any Letter of Credit beyond the Revolving
Commitment Termination Date;

(iv) reduce the rate of interest on any Loan or Reimbursement Obligation (other than
any waiver of any increase in the interest rate applicable to any Loan pursuant to Section
2.9) or any fee payable hereunder;

(v) extend the time for payment of any such interest or fees;

(vi) reduce the principal amount of any Loan or any Reimbursement Obligation;

(vii) amend, modify, terminate or waive any provision of Section 2.4(a),
Section 2.15(c), Section 2.16, Section 10.5(b), Section 10.5(c)
or Section 10.6(c)(i);

(viii) amend the definition of “Required Lenders” or “Pro Rata Share”;
provided, with the consent Agent and the Required Lenders, additional extensions of credit
pursuant hereto may be included in the determination of “Required Lenders” or “Pro Rata Share” on
substantially the same basis as the Term Loan Commitments, the Term Loans, the Revolving
Commitments and the Revolving Loans are included on the Closing Date;

(ix) release all or substantially all of the Collateral or all or substantially all
of the Guarantors from the Guaranty except as expressly provided in the Loan Documents; as in
effect on the Closing Date.

(x) amend the definitions of “Affected Lender”, “Bank Product Reserves”, “Book
Value”, “Borrowing Base”, “Borrowing Base Availability”, “Dilution”, “Dilution Reserve”, “Eligible
Accounts Receivable”, “Eligible Inventory”, “Inventory Volatility Reserve” “Letter of Credit
Sublimit”, “Net Amount of Eligible Accounts Receivable”, “Net Liquidation Percentage”, “Revolver
Priority Collateral” (and any defined term used therein), “Revolver Priority Proceeds” or
“Qualified Cash”;

(xi) subordinate any of the Obligations or any Lien created by this Agreement or any
other Loan Document;

(xii) amend clause (a)(i) or clause (b)(i) of the definition of “Eligible Assignee”;
or

(xiii) consent to the assignment or transfer by any Loan Party of any of its rights
and obligations under any Loan Document.

(c) Other Consents. No amendment, modification, termination or waiver of
any provision of the Loan Documents, or consent to any departure by any Loan Party therefrom,
shall:

(i) increase any Commitment of any Lender over the amount thereof then in effect
without the consent of such Lender; provided, no amendment, modification or waiver of any
condition precedent, covenant, Default or Event of Default shall constitute an increase in any
Commitment of any Lender;

(ii) amend the definition of “Required Class Lenders without the consent of Required
Class Lenders of each such Class; provided, with the consent of Agent and the Required
Lenders, additional extensions of credit pursuant hereto may be included in the determination of
such “Required Class Lenders” on substantially the same basis as the Term Loan Commitments, the
Term Loans, the Revolving Commitments and the Revolving Loans are included on the Closing Date;

(iii) amend, modify, terminate or waive any provision of Section 3.2(a) with
regard to any Credit Extension (whether constituting a Revolving Loan or a Term Loan) without the
consent of Required Class Lenders of the affected Class;

(iv) alter the required application of any repayments or prepayments as between
Classes pursuant to Section 2.14 or Section 2.15 without the consent of Required
Class Lenders of each Class which is being allocated a lesser repayment or prepayment as a result
thereof; provided, Agent and the Required Lenders may waive, in whole or in part, any
prepayment so long as the application, as between Classes, of any portion of such prepayment which
is still required to be made is not altered;

(v) amend, modify, terminate or waive any obligation of Lenders relating to the
purchase of participations in Letters of Credit as provided in Section 2.3(d) without the
written consent of Agent and L/C Issuer; or

(vi) amend, modify, terminate or waive any provision of Article IX as the
same applies to Agent or Service Agent, or any other provision hereof as the same applies to the
rights or obligations of Agent or Service Agent, in each case without the consent of such Agent or
Service Agent.

(d) Execution of Amendments, etc. Agent may, but shall have no obligation
to, with the concurrence of any Lender, execute amendments, modifications, waivers or consents on
behalf of such Lender. Any waiver or consent shall be effective only in the specific instance and
for the specific purpose for which it was given. No notice to or demand on any Loan Party in any
case shall entitle any Loan Party to any other or further notice or demand in similar or other
circumstances. Any amendment, modification, termination, waiver or consent effected in accordance
with this Section 10.5 shall be binding upon each Lender at the time outstanding, each
future Lender and, if signed by a Loan Party, on such Loan Party.

Section 10.6 Successors and Assigns; Participations.

(a) Generally. This Agreement shall be binding upon the parties hereto and
their respective successors and assigns and shall inure to the benefit of the parties hereto and
the successors and assigns of Lenders. No Loan Party’s rights or obligations hereunder nor any
interest therein may be assigned or delegated by any Loan Party without the prior written consent
of all Lenders. Nothing in this Agreement, expressed or implied, shall be construed to confer upon
any Person (other than the parties hereto, Indemnitee Agent Parties under Section 9.6,
Indemnitees under Section 10.3, their respective successors and assigns permitted hereby
and, to the extent expressly contemplated hereby, Affiliates of each of the Agent, Service Agent
and Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

(b) Register. Loan Parties, Service Agent and Lenders shall deem and treat
the Persons listed as Lenders in the Register as the holders and owners of the corresponding
Commitments, Loans and Letter of Credit Obligations listed therein for all purposes hereof, and no
assignment or transfer of any such Commitment or Loan shall be effective, in each case, unless and
until an Assignment Agreement effecting the assignment or transfer thereof shall have been
delivered to and accepted by Service Agent and recorded in the Register as provided in Section
10.6(e). Prior to such recordation, all amounts owed with respect to the applicable Commitment
or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request,
authority or consent of any Person who, at the time of making such request or giving such authority
or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent
holder, assignee or transferee of the corresponding Commitments, Loans or Letter of Credit
Obligations.

(c) Right to Assign. Each Lender shall have the right at any time to sell,
assign or transfer all or a portion of its rights and obligations under this Agreement, including,
without limitation, all or a portion of its Commitment or Loans owing to it or other Obligations
(provided, however, that each such assignment shall be of a uniform, and not
varying, percentage of all rights and obligations under and in respect of any Loan and any related
Commitments):

(i) to any Person meeting the criteria of clause (a)(i) or clause
(b)(i) of the definition of the term of “Eligible Assignee” upon the giving of notice to
Company Administrative Borrower and Agent; and

(ii) to any Person otherwise constituting an Eligible Assignee with the consent of
(A) in the case of the assignment of Term Loans, Agent, and (B) in the case of the assignment of
Revolving Loans, Agent and the Service Agent; provided, each such assignment pursuant to
this Section 10.6(c)(ii) shall be in an aggregate amount of not less than (A) $1,000,000
(or such lesser amount as may be agreed to by Agent or as shall constitute the aggregate amount of
the Revolving Commitments and Revolving Loans of the assigning Lender) with respect to the
assignment of the Revolving Commitments and Revolving Loans and (B) $1,000,000 (or such lesser
amount as may be agreed to by Agent or as shall constitute the aggregate amount of the Term Loan A
or Term Loan B of the assigning Lender) with respect to the assignment of Term Loans.

(d) Mechanics. The assigning Lender and the assignee thereof shall execute
and deliver to Service Agent an Assignment Agreement, together with such forms or certificates with
respect to United States federal income tax withholding matters as the assignee under such
Assignment Agreement may be required to deliver to Service Agent pursuant to Section
2.19(d).

(e) Notice of Assignment. Upon its receipt and acceptance of a duly
executed and completed Assignment Agreement, any forms or certificates required by this Agreement
in connection therewith, Service Agent shall record the information contained in such Assignment
Agreement in the Register, shall give prompt notice thereof to Administrative Borrower and shall
maintain a copy of such Assignment Agreement.

(f) Representations and Warranties of Assignee. Each Lender, upon execution
and delivery hereof or upon executing and delivering an Assignment Agreement, as the case may be,
represents and warrants as of the Closing Date or as of the applicable Effective Date (as defined
in the applicable Assignment Agreement) that (i) it is an Eligible Assignee; (ii) it has experience
and expertise in the making of or investing in commitments or loans such as the applicable
Commitments or Loans, as the case may be; (iii) it will make or invest in, as the case may be, its
Commitments or Loans for its own account in the ordinary course of its business and without a view
to distribution of such Commitments or Loans within the meaning of the Securities Act or the
Exchange Act or other federal securities laws (it being understood that, subject to the provisions
of this Section 10.6, the disposition of such Revolving Commitments or Loans or any
interests therein shall at all times remain within its exclusive control); and (iv) such Lender
does not own or control, or own or control any Person owning or controlling, any trade debt or
Indebtedness of any Loan Party other than the Obligations or any Capital Stock of any Loan Party.

(g) Effect of Assignment. Subject to the terms and conditions of this
Section 10.6, as of the later (i) of the “Effective Date” specified in the applicable
Assignment Agreement or (ii) the date such assignment is recorded in the Register: (A) the
assignee thereunder shall have the rights and obligations of a “Lender” hereunder to the extent
such rights and obligations hereunder have been assigned to it pursuant to such Assignment
Agreement and shall thereafter be a party hereto and a “Lender” for all purposes hereof; (B) the
assigning Lender thereunder shall, to the extent that rights and obligations hereunder have been
assigned thereby pursuant to such Assignment Agreement, relinquish its rights (other than any
rights which survive the termination hereof under Section 10.8) and be released from its
obligations hereunder (and, in the case of an Assignment Agreement covering all or the remaining
portion of an assigning Lender’s rights and obligations hereunder, such Lender shall cease to be a
party hereto; provided, anything contained in any of the Loan Documents to the contrary
notwithstanding, (1) L/C Issuer shall continue to have all rights and obligations thereof with
respect to such Letters of Credit until the cancellation or expiration of such Letters of Credit
and the reimbursement of any amounts drawn thereunder, and (2) such assigning Lender shall continue
to be entitled to the benefit of all indemnities hereunder as specified herein with respect to
matters arising out of the prior involvement of such assigning Lender as a Lender hereunder); (C)
the Commitments shall be modified to reflect the Commitment of such assignee and any Commitment of
such assigning Lender, if any; and (D) if any such assignment occurs after the issuance of any Note
hereunder, the assigning Lender shall, upon the effectiveness of such assignment or as promptly
thereafter as practicable, surrender its applicable Notes to Service Agent for cancellation, and
thereupon Company shall issue and deliver new Notes, if so requested by the assignee and/or
assigning Lender, to such assignee and/or to such assigning Lender, with appropriate insertions, to
reflect the new Commitments and/or outstanding Loans of the assignee and/or the assigning Lender.

(h) Participations.

(i) Each Lender shall have the right at any time to sell one or more participations
to any Person (other than Company, any of its Subsidiaries or any of its Affiliates) in all or any
part of its Commitments, Loans, Letter of Credit Obligations or in any other Obligation. The
holder of any such participation, other than an Affiliate of the Lender granting such
participation, shall not be entitled to require such Lender to take or omit to take any action
hereunder except with respect to any amendment, modification or waiver that would (i) extend the
final scheduled maturity of any Loan or Note in which such participant is participating, or reduce
the rate or extend the time of payment of interest or fees thereon (except in connection with a
waiver of applicability of any post default increase in interest rates) or reduce the principal
amount thereof, or increase the amount of the participant’s participation over the amount thereof
then in effect (it being understood that a waiver of any Default or Event of Default or of a
mandatory reduction in the Commitment shall not constitute a change in the terms of such
participation, and that an increase in any Commitment or Loan shall be permitted without the
consent of any participant if the participant’s participation is not increased as a result
thereof), (ii) consent to the assignment or transfer by any Loan Party of any of its rights and
obligations under this Agreement, or (iii) release all or substantially all of the Collateral under
the Collateral Documents or all or substantially all of the Guarantors from the Guaranty (in each
case, except as expressly provided in the Loan Documents) supporting the Loans hereunder in which
such participant is participating. Loan Parties agree that each participant shall be entitled to
the benefits of Sections 2.17(c), 2.18 and 2.19 to the same extent as if it
were a Lender and had acquired its interest by assignment pursuant to Section 10.6(c);
provided, a participant that would be a Non-US Lender if it were a Lender shall not be
entitled to the benefits of Section 2.19 unless, at the time such participant is claiming
such benefits, Administrative Borrower is notified of the participation sold to such participant
and such participant agrees, for the benefit of Borrowers, to comply with 2.19 as though it
were a Lender. To the extent permitted by law, each participant also shall be entitled to the
benefits of Section 10.4 as though it were a Lender, provided such Participant agrees to be
subject to Section 2.16 as though it were a Lender.

(ii) In the event that any Lender sells participations in its Commitments, Loans or
in any other Obligation hereunder, such Lender shall, acting solely for this purpose as a
non-fiduciary agent of Borrowers, maintain a register on which it enters the name of all
participants in the Commitments, Loans or Obligations held by it and the principal amount (and
stated interest thereon) of the portion of such Commitments, Loans or Obligations which are the
subject of the participation (the “Participant Register”). A Commitment, Loan or
Obligation hereunder may be participated in whole or in part only by registration of such
participation on the Participant Register (and each Note shall expressly so provide). The
Participant Register shall be available for inspection by Administrative Borrower at any reasonable
time and from time to time upon reasonable prior notice.

(i) Certain Other Assignments. In addition to any other assignment
permitted pursuant to this Section 10.6, any Lender or Agent may assign, pledge and/or
grant a security interest in, all or any portion of its Loans, the other Obligations owed by or to
such Lender, and its Notes, if any, to secure obligations of such Lender or Agent or any of its
Affiliates to any Person providing any loan, letter of credit or other extension of credit or
financial arrangement to or for the account of such Lender or Agent or any of its Affiliates and
any agent, trustee or representative of such Person (without the consent of, or notice to, or any
other action by, any other party hereto), including, without limitation, any Federal Reserve Bank
as collateral security pursuant to Regulation A of the Board of Governors of the Federal Reserve
System and any operating circular issued by such Federal Reserve Bank; provided, no Lender
or Agent, as between Loan Parties and such Lender or Agent, shall be relieved of any of its
obligations hereunder as a result of any such assignment and pledge; provided further, in no event
shall such Person, agent, trustee or representative of such Person or the applicable Federal
Reserve Bank be considered to be a “Lender” or “Agent” or be entitled to require the assigning
Lender or Agent to take or omit to take any action hereunder.

Section 10.7 Independence of Covenants. All covenants hereunder shall be
given independent effect so that if a particular action or condition is not permitted by any of
such covenants, the fact that it would be permitted by an exception to, or would otherwise be
within the limitations of, another covenant shall not avoid the occurrence of a Default or an Event
of Default if such action is taken or condition exists.

Section 10.8 Survival of Representations, Warranties and Agreements. Except
for obligations that by their terms expressly survive the termination of this Agreement, this
Agreement shall terminate when all Obligations (other than inchoate indemnification obligations
with respect to which no claim has been asserted) shall be paid in full in Cash (or, in the case of
Letters of Credit, suspended for cancellation or Cash Collateralization) and all Commitments have
been terminated. All representations, warranties and agreements made herein shall survive the
execution and delivery hereof and the making of any Credit Extension. Notwithstanding anything
herein or implied by law to the contrary, the agreements of each Loan Party set forth in
Sections 2.17(c), 2.18, 2.19, 10.2, 10.3, 10.4, and
10.10 and the agreements of Lenders set forth in Sections 2.16, 9.3(b) and
9.6 shall survive the payment of the Loans, the cancellation or expiration of the Letters
of Credit and the reimbursement of any amounts drawn thereunder, and the termination hereof.

Section 10.9 No Waiver; Remedies Cumulative. No failure or delay on the
part of Agent or Service Agent or any Lender in the exercise of any power, right or privilege
hereunder or under any other Loan Document shall impair such power, right or privilege or be
construed to be a waiver of any default or acquiescence therein, nor shall any single or partial
exercise of any such power, right or privilege preclude other or further exercise thereof or of any
other power, right or privilege. The rights, powers and remedies given to Agent, Service Agent and
each Lender hereby are cumulative and shall be in addition to and independent of all rights, powers
and remedies existing by virtue of any statute or rule of law or in any of the other Loan
Documents. Any forbearance or failure to exercise, and any delay in exercising, any right, power
or remedy hereunder shall not impair any such right, power or remedy or be construed to be a waiver
thereof, nor shall it preclude the further exercise of any such right, power or remedy.

Section 10.10 Marshalling; Payments Set Aside. Neither Agent or Service
Agent nor any Lender shall be under any obligation to marshal any assets in favor of any Loan Party
or any other Person or against or in payment of any or all of the Obligations. To the extent that
any Loan Party makes a payment or payments to Service Agent, L/C Issuer or Lenders (or to Service
Agent, on behalf of Lenders or L/C Issuer, or Service Agent, Agent, L/C Issuer or Lenders enforce
any security interests or exercise their rights of setoff, and such payment or payments or the
proceeds of such enforcement or setoff or any part thereof are subsequently invalidated, declared
to be fraudulent or preferential, set aside and/or required to be repaid to a trustee, receiver or
any other party under any bankruptcy law, any other state or federal law, common law or any
equitable cause, then, to the extent of such recovery, the obligation or part thereof originally
intended to be satisfied, and all Liens, rights and remedies therefor or related thereto, shall be
revived and continued in full force and effect as if such payment or payments had not been made or
such enforcement or setoff had not occurred.

Section 10.11 Severability. In case any provision in or obligation
hereunder or any Note or other Loan Document shall be invalid, illegal or unenforceable in any
jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations,
or of such provision or obligation in any other jurisdiction, shall not in any way be affected or
impaired thereby.

Section 10.12 Obligations Several; Independent Nature of Lenders’ Rights.
The obligations of Lenders hereunder are several and no Lender shall be responsible for the
obligations or Commitment of any other Lender hereunder. Nothing contained herein or in any other
Loan Document, and no action taken by Lenders pursuant hereto or thereto, shall be deemed to
constitute Lenders as a partnership, an association, a joint venture or any other kind of entity.
The amounts payable at any time hereunder to each Lender shall be a separate and independent debt,
and, subject to Section 9.8, each Lender shall be entitled to protect and enforce its
rights arising under this Agreement and the other Loan Documents and it shall not be necessary for
any other Lender to be joined as an additional party in any proceeding for such purpose.

Section 10.13 Headings. Section headings herein are included herein for
convenience of reference only and shall not constitute a part hereof for any other purpose or be
given any substantive effect.

Section 10.14 APPLICABLE LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS
OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES (OTHER THAN
SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW) THEREOF.

Section 10.15 CONSENT TO JURISDICTION. (a) ALL JUDICIAL PROCEEDINGS BROUGHT
AGAINST ANY LOAN PARTY ARISING OUT OF OR RELATING HERETO OR ANY OTHER LOAN DOCUMENT, OR ANY OF THE
OBLIGATIONS, MAY BE BROUGHT IN ANY STATE OR FEDERAL COURT OF COMPETENT JURISDICTION IN THE STATE,
COUNTY AND CITY OF NEW YORK. BY EXECUTING AND DELIVERING THIS AGREEMENT, EACH LOAN PARTY, FOR
ITSELF AND IN CONNECTION WITH ITS PROPERTIES, IRREVOCABLY (I) ACCEPTS GENERALLY AND UNCONDITIONALLY
THE NON-EXCLUSIVE JURISDICTION AND VENUE OF SUCH COURTS; (II) WAIVES ANY DEFENSE OF FORUM NON
CONVENIENS; (III) AGREES THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY
BE MADE BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO THE APPLICABLE LOAN PARTY AT
ITS ADDRESS PROVIDED IN ACCORDANCE WITH SECTION 10.1 AND TO ANY PROCESS AGENT SELECTED IN
ACCORDANCE WITH SECTION 3.1(y) ABOVE IS SUFFICIENT TO CONFER PERSONAL JURISDICTION OVER THE
APPLICABLE LOAN PARTY IN ANY SUCH PROCEEDING IN ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE
AND BINDING SERVICE IN EVERY RESPECT; AND (iv) AGREES THAT AGENT, SERVICE AGENT AND LENDERS RETAIN
THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO BRING PROCEEDINGS AGAINST ANY
LOAN PARTY IN THE COURTS OF ANY OTHER JURISDICTION.

(b) EACH SUBSIDIARY OF THE COMPANY HEREBY APPOINTS ADMINISTRATIVE BORROWER AS ITS AGENT IN NEW
YORK CITY FOR THE SERVICE OF PROCESS IN NEW YORK CITY, AND ADMINISTRATIVE BORROWER HEREBY APPOINTS
LOWENSTEIN SANDLER LLP (ON BEHALF OF ITSELF AND EACH OF ITS SUBSIDIARIES) AS AGENT IN NEW YORK CITY
FOR THE SERVICE OF PROCESS AND AGREES THAT PROCESS MAY BE SERVED ON LOWENSTEIN SANDLER LLP BY
CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO LOWENSTEIN SANDLER LLP, LOCATED AT 1251 AVENUE OF THE
AMERICAS, NEW YORK, NEW YORK 10020 (ATTENTION: MICHAEL A. BUXBAUM, ESQ.). ANY AND ALL SERVICE OF
PROCESS AND ANY OTHER NOTICE IN ANY SUCH ACTION, SUIT OR PROCEEDING SHALL BE EFFECTIVE AGAINST ANY
LOAN PARTY IF GIVEN BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, OR BY ANY OTHER
MEANS OR MAIL WHICH REQUIRES A SIGNED RECEIPT, POSTAGE PREPAID, MAILED AS PROVIDED ABOVE. IN THE
EVENT LOWENSTEIN SANDLER LLP SHALL NOT BE ABLE TO ACCEPT SERVICE OF PROCESS AS AFORESAID,
ADMINISTRATIVE BORROWER SHALL PROMPTLY APPOINT AND MAINTAIN AN AGENT QUALIFIED TO ACT AS AN AGENT
FOR SERVICE OF PROCESS WITH RESPECT TO THE COURTS SPECIFIED IN THIS SECTION 10.15 ABOVE,
AND ACCEPTABLE TO AGENT, AS EACH LOAN PARTY’S AUTHORIZED AGENT TO ACCEPT AND ACKNOWLEDGE ON EACH
LOAN PARTY’S BEHALF SERVICE OF ANY AND ALL PROCESS WHICH MAY BE SERVED IN ANY SUCH ACTION, SUIT OR
PROCEEDING.

Section 10.16 WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY
AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR
ARISING HEREUNDER OR UNDER ANY OF THE OTHER LOAN DOCUMENTS OR ANY DEALINGS BETWEEN THEM RELATING TO
THE SUBJECT MATTER OF THIS LOAN TRANSACTION OR THE LENDER/BORROWER RELATIONSHIP THAT IS BEING
ESTABLISHED. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL ENCOMPASSING OF ANY AND ALL DISPUTES
THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION, INCLUDING
CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS.
EACH PARTY HERETO ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS
RELATIONSHIP, THAT EACH HAS ALREADY RELIED ON THIS WAIVER IN ENTERING INTO THIS AGREEMENT, AND THAT
EACH WILL CONTINUE TO RELY ON THIS WAIVER IN ITS RELATED FUTURE DEALINGS. EACH PARTY HERETO
FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT IT
KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL.
THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER
THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS SECTION 10.16 AND EXECUTED
BY EACH OF THE PARTIES HERETO), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS,
SUPPLEMENTS OR MODIFICATIONS HERETO OR ANY OF THE OTHER LOAN DOCUMENTS OR TO ANY OTHER DOCUMENTS OR
AGREEMENTS RELATING TO THE LOANS MADE HEREUNDER. IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE
FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT.

Section 10.17 Confidentiality. Agent, Service Agent and each Lender shall
hold all non-public information regarding Company and its Subsidiaries and their businesses
identified as such by Company and obtained by such Lender from Company or its Subsidiaries pursuant
to the requirements hereof in accordance with Agent’s, Service Agent’s or such Lender’s customary
procedures for handling confidential information of such nature, it being understood and agreed by
each Loan Party that, in any event, Agent or Service Agent or Lender may make (i) disclosures of
such information to Affiliates of Agent, Service Agent or such Lender and to their agents,
advisors, directors and shareholders (and to other persons authorized by a Lender or Agent to
organize, present or disseminate such information in connection with disclosures otherwise made in
accordance with this Section 10.17), (ii) disclosures of such information reasonably
required by any bona fide or potential assignee, transferee or participant in connection with the
contemplated assignment, transfer or participation by any such Lender of any Loans or any
participations therein, (iii) disclosure to any rating agency when required by it, provided
that, prior to any disclosure, such rating agency shall undertake in writing to preserve the
confidentiality of any confidential information relating to the Loan Parties received by it from
any of Agent, Service Agent or any Lender, (iv) disclosure to any Lender’s financing sources,
provided that prior to any disclosure, such financing source is informed of the
confidential nature of the information, (v) disclosures of such information to any investors and
partners of any Lender, provided that prior to any disclosure, such investor or partner is
informed of the confidential nature of the information, and (vi) disclosure required or requested
in connection with any public filings, whether pursuant to any securities laws or regulations or
rules promulgated therefor (including the Investment Company Act of 1940 or otherwise) or
representative thereof or by the National Association of Insurance Commissioners (and any successor
thereto) or pursuant to legal or judicial process; provided, unless specifically prohibited
by applicable law or court order, Agent, Service Agent and each Lender shall make reasonable
efforts to notify Company of any request by any Governmental Authority or representative thereof
(other than any such request in connection with any examination of the financial condition or other
routine examination of such Lender by such Governmental Authority) for disclosure of any such
non-public information prior to disclosure of such information. Notwithstanding anything to the
contrary set forth herein, each party (and each of their respective employees, representatives or
other agents) may disclose to any and all persons, without limitations of any kind, the tax
treatment and tax structure of the transactions contemplated by this Agreement and all materials of
any kind (including opinions and other tax analyses) that are provided to any such party relating
to such tax treatment and tax structure. However, any information relating to the tax treatment or
tax structure shall remain subject to the confidentiality provisions hereof (and the foregoing
sentence shall not apply) to the extent reasonably necessary to enable the parties hereto, their
respective Affiliates, and their respective Affiliates’ directors and employees to comply with
applicable securities laws. For this purpose, “tax structure” means any facts relevant to the
federal income tax treatment of the transactions contemplated by this Agreement but does not
include information relating to the identity of any of the parties hereto or any of their
respective Affiliates. Notwithstanding the foregoing, on or after the Closing Date, Agent or
Service Agent may, at its own expense issue news releases and publish “tombstone” advertisements
and other announcements relating to this transaction in newspapers, trade journals and other
appropriate media (which may include use of logos of one or more of the Loan Parties)
(collectively, “Trade Announcements”). No Loan Party shall issue any Trade Announcement
except (A) disclosures required by applicable law, regulation, legal process or the rules of the
Securities and Exchange Commission or (B) with the prior approval of Agent and, in instances where
such Trade Announcement would identify the Service Agent by name, the Service Agent.

Section 10.18 Usury Savings Clause. Notwithstanding any other provision
herein, the aggregate interest rate charged or agreed to be paid with respect to any of the
Obligations, including all charges or fees in connection therewith deemed in the nature of interest
under applicable law shall not exceed the Highest Lawful Rate. If the rate of interest (determined
without regard to the preceding sentence) under this Agreement at any time exceeds the Highest
Lawful Rate, the outstanding amount of the Loans made hereunder shall bear interest at the Highest
Lawful Rate until the total amount of interest due hereunder equals the amount of interest which
would have been due hereunder if the stated rates of interest set forth in this Agreement had at
all times been in effect. In addition, if when the Loans made hereunder are repaid in full the
total interest due hereunder (taking into account the increase provided for above) is less than the
total amount of interest which would have been due hereunder if the stated rates of interest set
forth in this Agreement had at all times been in effect, then to the extent permitted by law,
Borrowers shall pay to Service Agent an amount equal to the difference between the amount of
interest paid and the amount of interest which would have been paid if the Highest Lawful Rate had
at all times been in effect. Notwithstanding the foregoing, it is the intention of Lenders and
Borrowers to conform strictly to any applicable usury laws. Accordingly, if any Lender contracts
for, charges, or receives any consideration which constitutes interest in excess of the Highest
Lawful Rate, then any such excess shall be cancelled automatically and, if previously paid, shall
at such Lender’s option be applied to the outstanding amount of the Loans made hereunder or be
refunded to Borrowers. In determining whether the interest contracted for, charged, or received by
Service Agent or a Lender exceeds the Highest Lawful Rate, such Person may, to the extent permitted
by applicable law, (a) characterize any payment that is not principal as an expense, fee, or
premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c)
amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest,
throughout the contemplated term of the Obligations hereunder.

Section 10.19 Counterparts. This Agreement may be executed in any number of
counterparts, each of which when so executed and delivered shall be deemed an original, but all
such counterparts together shall constitute but one and the same instrument. Delivery of an
executed counterpart of this Agreement by facsimile or electronic mail shall be equally effective
as delivery of an original executed counterpart.

Section 10.20 Effectiveness. This Agreement shall become effective upon the
execution of a counterpart hereof by each of the parties hereto and receipt by Company, Agent and
Service Agent of written or telephonic notification of such execution and authorization of delivery
thereof.

Section 10.21 PATRIOT Act Notice. Each Lender and Agent (for itself and not
on behalf of any Lender) hereby notifies the Loan Parties that pursuant to the requirements of the
PATRIOT Act, it may be required to obtain, verify and record information that identifies each Loan
Party, which information includes the name and address of the Loan Parties and other information
that will allow such Lender or Agent, as applicable, to identify the Loan Parties in accordance
with the PATRIOT Act.

Section 10.22 Administrative Borrower. Each Borrower hereby designates the
Company as its Administrative Borrower to act as its representative and agent on its behalf, for
the purposes of issuing Funding Notices and notices of conversion or continuation, giving
instructions with respect to the disbursement of the proceeds of the Term Loans and Revolving
Loans, selecting interest rate options, giving and receiving all other notices and consents
hereunder or under any of the other Loan Documents and taking all other actions on behalf of each
Borrower under the Loan Documents. The Service Agent and each Lender may regard any notice or
other communication pursuant to any Loan Document from the Company in its capacity as
Administrative Borrower as a notice or communication from each Borrower. Each warranty, covenant,
agreement and undertaking made on behalf of each Borrower by the Company in its capacity as
Administrative Borrower for the Borrowers shall be deemed for all purposes to have been made by
each Borrower and shall be binding upon and enforceable against each Borrower to the same extent as
it if the same had been made directly by each of the Borrowers. Such appointment shall remain in
full force and effect unless and until Agent and Service Agent shall have received written notice
signed by each Borrower terminating such appointment. The Borrowers shall have the right, to
appoint another Borrower as Administrative Borrower with the prior written consent of Agent and
Service Agent (such consent not to be unreasonably withheld or delayed). It is understood that the
handling of the loan account and Collateral of the Borrowers in a combined fashion, as more fully
set forth herein, is done solely as an accommodation to the Borrowers in order to utilize the
collective borrowing powers of the Borrowers in the most efficient and economical manner and at
their request, and that neither the Agent, Service Agent nor the Lenders shall incur liability to
the Borrowers as a result hereof. Each of the Borrowers expects to derive benefit, directly or
indirectly, from the handling of the loan account and the Collateral in a combined fashion since
the successful operation of each Borrower is dependent on the continued successful performance of
the integrated group. To induce the Agent, Service Agent and the Lenders to do so, and in
consideration thereof, each of the Borrowers hereby jointly and severally agrees to indemnify the
Indemnitees and hold the Indemnitees harmless against any and all liability, expense, loss or claim
of damage or injury, made against such Indemnitee by any of the Borrowers or by any third party
whosoever, arising from or incurred by reason of (a) the handling of the loan account and
Collateral of the Borrowers as herein provided, (b) the Agent, Service Agent and the Lenders
relying on any instructions of the Administrative Borrower, or (c) any other action taken by Agent
or Service Agent or any Lender hereunder or under the other Loan Documents.

Section 10.23 Joint and Several Liability of Borrowers.

(a) Each Borrower is accepting joint and several liability hereunder and under the
other Loan Documents in consideration of the financial accommodations to be provided by the
Beneficiaries under the Loan Documents, for the mutual benefit, directly and indirectly, of each
Borrower and in consideration of the undertakings of the other Borrowers to accept joint and
several liability for the Obligations.

(b) Each Borrower, jointly and severally, hereby irrevocably and unconditionally
accepts, not merely as a surety but also as a co-debtor, joint and several liability with the other
Borrowers, with respect to the payment and performance of all of the Obligations (including any
Obligations arising under this Section 10.23), it being the intention of the parties hereto
that all the Obligations shall be the joint and several obligations of each Borrower without
preferences or distinction among them.

(c) If and to the extent that any Borrower shall fail to make any payment with
respect to any of the Obligations as and when due or to perform any of the Obligations in
accordance with the terms thereof, then in each such event the other Borrowers will make such
payment with respect to, or perform, such Obligation until such time as all of the Obligations are
paid in full.

(d) The Obligations of each Borrower under the provisions of this Section
10.23 constitute the absolute and unconditional, full recourse Obligations of each Borrower
enforceable against each Borrower to the full extent of its properties and assets, irrespective of
the validity, regularity or enforceability of the provisions of this Agreement (other than this
Section 10.23(d)) or any other circumstances whatsoever.

(e) Except as otherwise expressly provided in this Agreement, each Borrower hereby
waives notice of acceptance of its joint and several liability, notice of any Loans, notice of the
occurrence of any Default, Event of Default, or of any demand for any payment under this Agreement,
notice of any action at any time taken or omitted by Agent, Service Agent or Lenders under or in
respect of any of the Obligations, any requirement of diligence or to mitigate damages and,
generally, to the extent permitted by applicable law, all demands, notices and other formalities of
every kind in connection with this Agreement (except as otherwise provided in this Agreement).
Each Borrower hereby assents to, and waives notice of, any extension or postponement of the time
for the payment of any of the Obligations, the acceptance of any payment of any of the Obligations,
the acceptance of any partial payment thereon, any waiver, consent or other action or acquiescence
by Agent, Service Agent or Lenders at any time or times in respect of any default by any Borrower
in the performance or satisfaction of any term, covenant, condition or provision of this Agreement,
any and all other indulgences whatsoever by Agent, Service Agent or Lenders in respect of any of
the Obligations, and the taking, addition, substitution or release, in whole or in part, at any
time or times, of any security for any of the Obligations or the addition, substitution or release,
in whole or in part, of any Borrower. Without limiting the generality of the foregoing, each
Borrower assents to any other action or delay in acting or failure to act on the part of Agent or
Service Agent or Lender with respect to the failure by any Borrower to comply with any of its
respective Obligations, including, without limitation, any failure strictly or diligently to assert
any right or to pursue any remedy or to comply fully with applicable laws or regulations
thereunder, which might, but for the provisions of this Section 10.23 afford grounds for
terminating, discharging or relieving any Borrower, in whole or in part, from any of its
Obligations under this Section 10.23, it being the intention of each Borrower that, so long
as any of the Obligations hereunder remain unsatisfied, the Obligations of each Borrower under this
Section 10.23 shall not be discharged except by performance and then only to the extent of
such performance. The Obligations of each Borrower under this Section 10.23 shall not be
diminished or rendered unenforceable by any winding up, reorganization, arrangement, liquidation,
reconstruction or similar proceeding with respect to any other Borrower or Agent or Service Agent
or Lender.

(f) Each Borrower represents and warrants to Agent, Service Agent and Lenders that
such Borrower is currently informed of the financial condition of Borrowers and of all other
circumstances which a diligent inquiry would reveal and which bear upon the risk of nonpayment of
the Obligations. Each Borrower further represents and warrants to Agent, Service Agent and Lenders
that such Borrower has read and understands the terms and conditions of the Loan Documents. Each
Borrower hereby covenants that such Borrower will continue to keep informed of Borrowers’ financial
condition and of all other circumstances which bear upon the risk of nonpayment or nonperformance
of the Obligations.

(g) The provisions of this Section 10.23 are made for the benefit of each
Beneficiary, and its successors and assigns, and may be enforced by it or them from time to time
against any or all Borrowers as often as occasion therefor may arise and without requirement on the
part of each Beneficiary, or any of its successors or assigns first to marshal any of its or their
claims or to exercise any of its or their rights against any Borrower or to exhaust any remedies
available to it or them against any Borrower or to resort to any other source or means of obtaining
payment of any of the Obligations hereunder or to elect any other remedy. The provisions of this
Section 10.23 shall remain in effect until all of the Obligations shall have been paid in
full or otherwise fully satisfied. If at any time, any payment, or any part thereof, made in
respect of any of the Obligations, is rescinded or must otherwise be restored or returned by Agent
or any Lender upon the insolvency, bankruptcy or reorganization of any Borrower, or otherwise, the
provisions of this Section 10.23 will forthwith be reinstated in effect, as though such
payment had not been made.

(h) Each Borrower hereby agrees that it will not enforce any of its rights of
contribution or subrogation against any other Borrower with respect to any liability incurred by it
hereunder or under any of the other Loan Documents, any payments made by it to Agent, Service Agent
or Lenders with respect to any of the Obligations or any collateral security therefor until such
time as all of the Obligations have been paid in full in cash. Any claim which any Borrower may
have against any other Borrower with respect to any payments to any Beneficiary hereunder or under
any of the Bank Product Agreements are hereby expressly made subordinate and junior in right of
payment, without limitation as to any increases in the Obligations arising hereunder or thereunder,
to the prior payment in full in cash of the Obligations and, in the event of any insolvency,
bankruptcy, receivership, liquidation, reorganization or other similar proceeding under the laws of
any jurisdiction relating to any Borrower, its debts or its assets, whether voluntary or
involuntary, all such Obligations shall be paid in full in cash before any payment or distribution
of any character, whether in cash, securities or other property, shall be made to any other
Borrower therefor.

(i) Each Borrower hereby agrees that after the occurrence and during the continuance
of any Default or Event of Default, such Borrower will not demand, sue for or otherwise attempt to
collect any indebtedness of any other Borrower owing to such Borrower until the Obligations shall
have been paid in full in cash. If, notwithstanding the foregoing sentence, such Borrower shall
collect, enforce or receive any amounts in respect of such indebtedness, such amounts shall be
collected, enforced and received by such Borrower as trustee for Agent and Service Agent, and such
Borrower shall deliver any such amounts to Service Agent for application to the Obligations in
accordance with this Agreement.

Section 10.24 Bank Product Providers. Each Bank Product Provider in its
capacity as such shall be deemed a third party beneficiary hereof and of the provisions of the
other Loan Documents for purposes of any reference in a Loan Document to the parties for whom Agent
or Service Agent is acting. Each of Agent and Service Agent hereby agrees to act as agent for such
Bank Product Providers and, by virtue of entering into a Bank Product Agreement, the applicable
Bank Product Provider shall be automatically deemed to have appointed such Agent and Service Agent
as its agent and to have accepted the benefits of the Loan Documents. It is understood and agreed
that the rights and benefits of each Bank Product Provider under the Loan Documents consist
exclusively of such Bank Product Provider’s being a beneficiary of the Liens and security interests
(and, if applicable, guarantees) granted to Agent or Service Agent and the right to share in
payments and collections out of the Collateral as more fully set forth herein. In addition, each
Bank Product Provider, by virtue of entering into a Bank Product Agreement, shall be automatically
deemed to have agreed that Agents shall have the right, but shall have no obligation (except as
otherwise agreed in a writing by Agents and the Lenders), to establish, maintain, relax, or release
reserves in respect of the Bank Product Obligations and that if reserves are established there is
no obligation on the part of Agent and Service Agent to determine or insure whether the amount of
any such reserve is appropriate or not. Agent and Service Agent shall have no obligation to
calculate the amount due and payable with respect to any Bank Products, but may rely upon the
written certification of the amount due and payable from the applicable Bank Product Provider. In
the absence of an updated certification, Agent and Service Agent shall be entitled to assume that
the amount due and payable to the applicable Bank Product Provider is the amount last certified to
Agent and Service Agent by such Bank Product Provider as being due and payable (less any
distributions made to such Bank Product Provider on account thereof). Borrowers may obtain Bank
Products from any Bank Product Provider, although Borrowers are not required to do so. Borrowers
acknowledge and agree that no Bank Product Provider has committed to provide any Bank Products and
that the providing of Bank Products by any Bank Product Provider is in the sole and absolute
discretion of such Bank Product Provider. Notwithstanding anything to the contrary in this
Agreement or any other Loan Document, no provider or holder of any Bank Product shall have any
voting or approval rights hereunder (or be deemed a Lender) solely by virtue of its status as the
provider or holder of such agreements or products or the Obligations owing thereunder, nor shall
the consent of any such provider or holder be required (other than in their capacities as Lenders,
to the extent applicable) for any matter hereunder or under any of the other Loan Documents,
including as to any matter relating to the Collateral or the release of Collateral or Guarantors.

[Remainder of page intentionally left blank]

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

BORROWERS:

METALICO, INC.

AMERICAN CATCON, INC.

BUFFALO SHREDDING AND RECOVERY,

LLC

FEDERAL AUTOCAT RECYCLING, L.L.C.

GOODMAN SERVICES, INC.

HYPERCAT ADVANCED CATALYST PRODUCTS, LLC

MAYCO INDUSTRIES, INC.

METALICO AKRON, INC.

METALICO ALUMINUM RECOVERY, INC.

METALICO BUFFALO, INC.

METALICO JBI CLEVELAND, LLC

METALICO PITTSBURGH, INC.

METALICO ROCHESTER, INC.

METALICO TRANSFER, INC.

METALICO TRANSPORT, INC.

METALICO YOUNGSTOWN, INC.

SANTA ROSA LEAD PRODUCTS, INC.

SKYWAY AUTO PARTS, INC.

TOTALCAT GROUP, INC.

TRANZACT CORPORATION

By       /s/ Michael J. Drury      

Name: Michael J. Drury

Title: Authorized Representative

GUARANTORS:

ABBY BURTON, LLC

ADRIANA ELEVEN, LLC

ALLISON MAIN, LLC

CATHERINE LAKE, LLC

ELIZABETH HAZEL LLC

ELLEN BARLOW, LLC

GENERAL SMELTING & REFINING, INC.

MACKENZIE SOUTH, LLC

MEGAN DIVISION, LLC

MELINDA HAZEL LLC

METALICO AKRON REALTY, INC.

METALICO ALABAMA REALTY, INC.

METALICO COLLIERS REALTY, INC.

METALICO-GRANITE CITY, INC.

METALICO GULFPORT REALTY, INC.

METALICO NEVILLE REALTY, INC.

METALICO NEW YORK, INC.

METALICO SYRACUSE REALTY, INC.

METALICO TRANSFER REALTY, INC.

OLIVIA DEFOREST, LLC

RIVER HILLS BY THE RIVER, INC.

WEST COAST SHOT, INC.

By       /s/ Michael J. Drury      

Name: Michael J. Drury

Title: Authorized Representative

   PNC BANK, NATIONAL ASSOCIATION,

          as Service Agent

          By:                  /s/ Brian Conway
                               -------------------------

          Name:  Brian Conway

          Title: Vice President

1

	 
	PNC BANK, NATIONAL ASSOCIATION,
	as a Lender
	By: /s/ Brian Conway
	Name: Brian Conway
	Title: Vice President

2

	 
	TPG SPECIALTY LENDING, INC.,
	as Agent and Lead Arranger
	By: /s/ Michael Fishman
	Name: Michael Fishman
	Title: CEO

3

	 
	TPG SPECIALTY LENDING, INC.,
	as a Lender
	By: /s/ Michael Fishman
	Name: Michael Fishman
	Title: CEO

APPENDIX A-1

TO FINANCING AGREEMENT

Term Loan A Commitments

	 	 	 	 	 	 	 	 	 
	Lender	 	Term Loan A Commitment	 	Pro Rata Share
	TPG Specialty Lending, Inc.

	 	$	37,000,000.00	 	 	 	100	%
	Total

	 	$	37,000,000.00	 	 	 	100	%

APPENDIX A-2

TO FINANCING AGREEMENT

Term Loan B Commitments

	 	 	 	 	 	 	 	 	 
	Lender	 	Term Loan B Commitment	 	Pro Rata Share
	TPG Specialty Lending, Inc.

	 	$	23,000,000.00	 	 	 	100	%
	Total

	 	$	23,000,000.00	 	 	 	100	%

APPENDIX A-3

TO FINANCING AGREEMENT

Revolving Commitments

	 	 	 	 	 	 	 	 	 
	Lender	 	Revolving Commitment	 	Pro Rata Share
	PNC Bank, National Association

	 	$	65,000,000.00	 	 	 	100	%
	Total

	 	$	65,000,000.00	 	 	 	100	%

APPENDIX B

TO FINANCING AGREEMENT

Notice Addresses

METALICO, INC.

Metalico, Inc.

186 North Avenue East

Cranford, NJ 07016

Attention: Carlos Agüero

Facsimile: 908-497-9610

Email:

with a copy to:

Metalico, Inc.

186 North Avenue East

Cranford, NJ 07016

Attention: General Counsel

Facsimile: 908-497-9610

Email:

4

TPG SPECIALTY LENDING, INC.,

as Agent and Lead Arranger

Principal Office:

TPG Specialty Lending, Inc.

301 Commerce Street, Suite 3300

Fort Worth, Texas 76102

Attention: Legal and Compliance Department

Facsimile: 415-486-5954

Email:

with a copy to:

TPG Specialty Lending, Inc.

888 7th Avenue

35th Floor

New York, New York 10019

Attention: Craig Hamrah

Email:

Schulte Roth & Zabel LLP

919 Third Avenue

New York, New York 10022

Attention: Frederic L. Ragucci, Esq.

Facsimile: 212-593-5955

Email:

5

	 	 	 	 	 
	PNC BANK, NATIONAL ASSOCIATION,	 	 
	as Service Agent

Principal Office:
	 	

	 	

	 	 	PNC Bank, National Association

	 	 	340 Madison Avenue, 11th Floor

	 	 	New York, NY 10173

	 	 	Attention: Sari Garrick

	 	 	Facsimile: 212-303-0060

	 	 	Email:

	 	

	with a copy to:
	 	

	 	

	 	 	Hahn & Hessen LLP

	 	

	 	 	488 Madison Avenue

	 	 	New York, New York 10022

	 	 	Attention:

Facsimile:

	 	Daniel M. Ford

212-478-7400

Email:

6

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