Document:

exv4w1

Exhibit 4.1

 

 

The Goodyear Tire & Rubber Company,

as Issuer,

and

The Subsidiary Guarantors from time to time party hereto,

as Subsidiary Guarantors

 

INDENTURE

Dated as
of      ,

 

Wells Fargo Bank, N.A.,

as Trustee

 

 

 

 

CROSS-REFERENCE TABLE

	 	 	 	 	 	 
	TIA	 	Indenture
	Section	 	Section
	310(a)
	(1)	 	 	 	7.10
	(a)
	(2)	 	 	 	7.10
	(a)
	(3)	 	 	 	N.A.
	(a)
	(4)	 	 	 	N.A.
	(b)
	 	 	 	 	7.08; 7.10
	(c)
	 	 	 	 	N.A.
	311(a)
	 	 	 	 	7.11
	(b)
	 	 	 	 	7.11
	(c)
	 	 	 	 	N.A.
	312(a)
	 	 	 	 	2.06
	(b)
	 	 	 	 	11.03
	(c)
	 	 	 	 	11.03
	313(a)
	 	 	 	 	7.06
	(b)
	(1)	 	 	 	7.06
	(b)
	(2)	 	 	 	7.06
	(c)
	 	 	 	 	11.02
	(d)
	 	 	 	 	7.06
	314(a)
	 	 	 	 	4.02; 4.03; 11.02
	(b)
	 	 	 	 	N.A.
	(c)
	(1)	 	 	 	11.04
	(c)
	(2)	 	 	 	11.04
	(c)
	(3)	 	 	 	N.A.
	(d)
	 	 	 	 	N.A.
	(e)
	 	 	 	 	11.05
	(f)
	 	 	 	 	4.04
	315(a)
	 	 	 	 	7.01
	(b)
	 	 	 	 	7.05; 11.02
	(c)
	 	 	 	 	7.01
	(d)
	 	 	 	 	7.01
	(e)
	 	 	 	 	6.11
	316(a)
	(last sentence)	 	 	 	11.06
	(a)
	(1)(A)	 	 	 	6.05
	(a)
	(1)(B)	 	 	 	6.04
	(a)
	(2)	 	 	 	N.A.
	(b)
	 	 	 	 	6.07
	317(a)
	(1)	 	 	 	6.08
	(a)
	(2)	 	 	 	6.09
	(b)
	 	 	 	 	2.05
	318(a)
	 	 	 	 	11.01

N.A. means Not Applicable.

 

			
	Note:	 	This Cross-Reference Table shall not, for any purpose, be deemed to be part of this
Indenture.

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	
	 	 	Page

	ARTICLE 1
	 	 	 	 
	 
	 	 	 	 
	Definitions and Incorporation by Reference
	 	 	 	 
	 
	 	 	 	 
	SECTION 1.01. Definitions
	 	 	1	 
	SECTION 1.02. Other Definitions
	 	 	6	 
	SECTION 1.03. Incorporation by Reference of Trust Indenture Act
	 	 	6	 
	SECTION 1.04. Rules of Construction
	 	 	6	 
	 
	 	 	 	 
	ARTICLE 2
	 	 	 	 
	 
	 	 	 	 
	The Securities
	 	 	 	 
	 
	 	 	 	 
	SECTION 2.01. Issuable in Series
	 	 	7	 
	SECTION 2.02. Establishment of Terms of Series of Securities
	 	 	7	 
	SECTION 2.03. Execution and Authentication
	 	 	11	 
	SECTION 2.04. Registrar and Paying Agent
	 	 	11	 
	SECTION 2.05. Paying Agent To Hold Money in Trust
	 	 	12	 
	SECTION 2.06. Lists of Holders of Securities
	 	 	13	 
	SECTION 2.07. Transfer and Exchange
	 	 	13	 
	SECTION 2.08. Replacement Securities
	 	 	14	 
	SECTION 2.09. Outstanding Securities
	 	 	14	 
	SECTION 2.10. Temporary Securities
	 	 	15	 
	SECTION 2.11. Cancellation
	 	 	15	 
	SECTION 2.12. Defaulted Interest
	 	 	15	 
	SECTION 2.13. Global Securities
	 	 	15	 
	SECTION 2.14. CUSIP Numbers and ISINs
	 	 	17	 
	 
	 	 	 	 
	ARTICLE 3
	 	 	 	 
	 
	 	 	 	 
	Redemption
	 	 	 	 
	 
	 	 	 	 
	SECTION 3.01. Notices to Trustee
	 	 	17	 
	SECTION 3.02. Selection of Securities to Be Redeemed
	 	 	17	 
	SECTION 3.03. Notice of Redemption
	 	 	18	 
	SECTION 3.04. Effect of Notice of Redemption
	 	 	18	 
	SECTION 3.05. Deposit of Redemption Price
	 	 	19	 
	SECTION 3.06. Securities Redeemed in Part
	 	 	19	 
	 
	 	 	 	 
	ARTICLE 4
	 	 	 	 
	 
	 	 	 	 
	Covenants
	 	 	 	 
	 
	 	 	 	 
	SECTION 4.01. Payment of Securities
	 	 	19	 

i

 

	 	 	 	 	 
	
	 	 	Page
	SECTION 4.02. SEC Reports
	 	 	19	 
	SECTION 4.03. Compliance Certificate
	 	 	20	 
	SECTION 4.04. Further Instruments and Acts
	 	 	20	 
	 
	 	 	 	 
	ARTICLE 5

	 
	 	 	 	 
	Successor Company

	 
	 	 	 	 
	SECTION 5.01. When Company May Merge or Transfer Assets
	 	 	20	 
	 
	 	 	 	 
	ARTICLE 6

	 
	 	 	 	 
	Defaults and Remedies

	 
	 	 	 	 
	SECTION 6.01. Events of Default
	 	 	21	 
	SECTION 6.02. Acceleration
	 	 	23	 
	SECTION 6.03. Other Remedies
	 	 	24	 
	SECTION 6.04. Waiver of Past Defaults
	 	 	24	 
	SECTION 6.05. Control by Majority
	 	 	24	 
	SECTION 6.06. Limitation on Suits
	 	 	25	 
	SECTION 6.07. Rights of Holders to Receive Payment
	 	 	25	 
	SECTION 6.08. Collection Suit by Trustee
	 	 	25	 
	SECTION 6.09. Trustee May File Proofs of Claim
	 	 	25	 
	SECTION 6.10. Priorities
	 	 	26	 
	SECTION 6.11. Undertaking for Costs
	 	 	26	 
	SECTION 6.12. Waiver of Stay or Extension Laws
	 	 	26	 
	 
	 	 	 	 
	ARTICLE 7

	 
	 	 	 	 
	Trustee

	 
	 	 	 	 
	SECTION 7.01. Duties of Trustee
	 	 	27	 
	SECTION 7.02. Rights of Trustee
	 	 	28	 
	SECTION 7.03. Individual Rights of Trustee
	 	 	29	 
	SECTION 7.04. Trustee’s Disclaimer
	 	 	29	 
	SECTION 7.05. Notice of Defaults
	 	 	29	 
	SECTION 7.06. Reports by Trustee to Holders
	 	 	30	 
	SECTION 7.07. Compensation and Indemnity
	 	 	30	 
	SECTION 7.08. Replacement of Trustee
	 	 	31	 
	SECTION 7.09. Successor Trustee by Merger
	 	 	32	 
	SECTION 7.10. Eligibility; Disqualification
	 	 	32	 
	SECTION 7.11. Preferential Collection of Claims Against Company
	 	 	32	 
	 
	 	 	 	 
	ARTICLE 8

	 
	 	 	 	 
	Discharge of Indenture; Defeasance

	 
	 	 	 	 
	SECTION 8.01. Discharge of Liability on Securities; Defeasance
	 	 	32	 

ii

 

	 	 	 	 	 
	 
	 	 	Page	 
	SECTION 8.02. Conditions to Defeasance
	 	 	33	 
	SECTION 8.03. Application of Trust Money
	 	 	35	 
	SECTION 8.04. Repayment to Company
	 	 	35	 
	SECTION 8.05. Indemnity for Government Obligations
	 	 	35	 
	SECTION 8.06. Reinstatement
	 	 	35	 
	 
	 	 	 	 
	ARTICLE 9

	 
	 	 	 	 
	Amendments

	 
	 	 	 	 
	SECTION 9.01. Without Consent of Holders
	 	 	35	 
	SECTION 9.02. With Consent of Holders
	 	 	37	 
	SECTION 9.03. Compliance with Trust Indenture Act
	 	 	38	 
	SECTION 9.04. Revocation and Effect of Consents and Waivers
	 	 	38	 
	SECTION 9.05. Notation on or Exchange of Securities
	 	 	38	 
	SECTION 9.06. Trustee To Sign Amendments
	 	 	39	 
	SECTION 9.07. Payment for Consent
	 	 	39	 
	 
	 	 	 	 
	ARTICLE 10

	 
	 	 	 	 
	Subsidiary Guarantees

	 
	 	 	 	 
	SECTION 10.01. Guarantees
	 	 	39	 
	SECTION 10.02. Limitation on Liability
	 	 	40	 
	SECTION 10.03. Successors and Assigns
	 	 	41	 
	SECTION 10.04. No Waiver
	 	 	41	 
	SECTION 10.05. Modification
	 	 	41	 
	SECTION 10.06. Release of Subsidiary Guarantor
	 	 	41	 
	SECTION 10.07. Contribution
	 	 	42	 
	 
	 	 	 	 
	ARTICLE 11

	 
	 	 	 	 
	Miscellaneous

	 
	 	 	 	 
	SECTION 11.01. Trust Indenture Act Controls
	 	 	42	 
	SECTION 11.02. Notices
	 	 	42	 
	SECTION 11.03. Communication by Holders with Other Holders
	 	 	43	 
	SECTION 11.04. Certificate and Opinion as to Conditions Precedent
	 	 	43	 
	SECTION 11.05. Statements Required in Certificate or Opinion
	 	 	43	 
	SECTION 11.06. When Securities Disregarded
	 	 	44	 
	SECTION 11.07. Rules by Trustee, Paying Agent and Registrar
	 	 	44	 
	SECTION 11.08. Legal Holidays
	 	 	44	 
	SECTION 11.09. Governing Law
	 	 	44	 
	SECTION 11.10. No Recourse Against Others
	 	 	44	 
	SECTION 11.11. Successors
	 	 	44	 
	SECTION 11.12. Multiple Originals
	 	 	44	 
	SECTION 11.13. Table of Contents; Headings
	 	 	44	 

iii

 

     INDENTURE
dated as of [  ],   among The Goodyear Tire & Rubber
Company, an Ohio corporation (the “Company”), the Subsidiary Guarantors
from time to time party hereto and Wells Fargo Bank, N.A., a national
banking association, as trustee (the “Trustee”).

          Each party agrees as follows for the benefit of the other parties and for the equal and
ratable benefit of the Holders of the Securities:

ARTICLE 1

Definitions and Incorporation by Reference

          SECTION 1.01. Definitions.

          “Affiliate” of any specified Person means any other Person, directly or indirectly,
controlling or controlled by or under direct or indirect common control with such specified Person.
For the purposes of this definition, “control” when used with respect to any Person means the
power to direct the management and policies of such Person, directly or indirectly, whether through
the ownership of voting securities, by contract or otherwise; and the terms “controlling” and
“controlled” have meanings correlative to the foregoing.

          “Board of Directors” means the board of directors of the Company or any committee thereof duly
authorized to act on behalf of the board of directors of the Company.

          “Business Day” means each day which is not a Legal Holiday.

          “Capital Stock” of any Person means any and all shares, interests, rights to purchase,
warrants, options, participations or other equivalents of or interests in (however designated)
equity of such Person, including any preferred stock, but excluding any debt securities convertible
into such equity.

          “Closing
Date” means [  ],   .

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

          “Company” means the party named as such in this Indenture until a successor replaces it and,
thereafter, means the successor and, for purposes of any provision contained herein and required by
the TIA, each other obligor on the indenture securities.

          “Company Order” means a written order signed in the name of the Company by an Officer of the
Company.

 

 

          “Default” means any event which is, or after notice or passage of time or both would be, an
Event of Default.

          “Depositary” means, with respect to the Securities issuable in whole or in part in global
form, the Person specified pursuant to Section 2.13 hereof as the initial Depositary with respect
to the Securities, until a successor shall have been appointed and become such pursuant to the
applicable provisions of this Indenture and thereafter “Depositary” shall mean or include such
successor.

          “Exchange Act” means the Securities Exchange Act of 1934, as amended.

          “Financial Officer” means the Chief Financial Officer, the Treasurer or the Chief Accounting
Officer of the Company.

          “GAAP” means generally accepted accounting principles in the United States of America as in
effect as of the Closing Date set forth in:

	 	(1)	 	the opinions and pronouncements of the Accounting Principles Board of the
American Institute of Certified Public Accountants,
	 
	 	(2)	 	statements and pronouncements of the Financial Accounting Standards Board,
	 
	 	(3)	 	such other statements by such other entities as approved by a significant
segment of the accounting profession, and
	 
	 	(4)	 	the rules and regulations of the SEC governing the inclusion of financial
statements (including pro forma financial statements) in periodic reports required to
be filed pursuant to Section 13 of the Exchange Act, including opinions and
pronouncements in staff accounting bulletins and similar written statements from the
accounting staff of the SEC.

All ratios and computations based on GAAP contained in this Indenture shall be computed in
conformity with GAAP.

          “Global Security” when used with respect to any Series of Securities, means a security in the
form of a global security in definitive, fully registered form and bearing the legend set forth in
Section 2.13(d), which shall be deposited on behalf of the purchasers of Securities of the Series
represented thereby with the Securities Custodian or pursuant to the Depositary’s instruction, and
registered in the name of the Depositary or a nominee of the Depositary, duly executed by the
Company and authenticated by the Trustee as provided in this Indenture.

              “Guarantee” means any obligation, contingent or otherwise, of any Person directly or
indirectly guaranteeing any Indebtedness of any other Person and any obligation, direct or
indirect, contingent or otherwise, of such Person:

2

 

	 	(1)	 	to purchase or pay (or advance or supply funds for the purchase or payment
of) such Indebtedness of such other Person (whether arising by virtue of partnership
arrangements, or by agreement to keep-well, to purchase assets, goods, securities or
services, to take-or-pay, or to maintain financial statement conditions or otherwise),
or
	 
	 	(2)	 	entered into for purposes of assuring in any other manner the obligee of such
Indebtedness of the payment thereof or to protect such obligee against loss in respect
thereof (in whole or in part);

provided, however, that the term “Guarantee” shall not include endorsements for
collection or deposit in the ordinary course of business. The term “Guarantee” used as a verb has
a corresponding meaning. The term “Guarantor” shall mean any Person Guaranteeing any obligation.

          “Guaranteed Obligations” means the principal of and interest, if any, on the Securities
subject to such Guarantee when due, whether at Stated Maturity, by acceleration or otherwise, and
all other obligations, monetary or otherwise, of the Company under this Indenture (as it relates to
such Guarantee and the Securities subject to the Guarantee) and the Securities subject to such
Guarantee (including expenses and indemnification).

          “Holder” means the Person in whose name a Security is registered on the Registrar’s books.

          “Indebtedness” has the meaning specified in the applicable Board Resolution, supplemental
indenture or Officers’ Certificate relating to a particular Series of Securities.

          “Indenture” means this Indenture as amended or supplemented from time to time.

          “Legal Holiday” means a Saturday, Sunday or other day on which the Trustee or banking
institutions are not required by law or regulation to be open in the State of New York.

          “Obligations” means with respect to any Indebtedness, all obligations for principal, premium,
interest, penalties, fees, indemnifications, reimbursements and other amounts payable pursuant to
the documentation governing such Indebtedness.

          “Officer” means the Chairman of the Board, the Chief Executive Officer, the Chief Financial
Officer, the Chief Accounting Officer, the President, any Vice President, the Treasurer or the
Secretary of the Company. “Officer” of a Subsidiary Guarantor has a correlative meaning.

          “Officers’ Certificate” means a certificate signed by two Officers.

3

 

          “Opinion of Counsel” means a written opinion from legal counsel who may be an employee of or
counsel to the Company or a Subsidiary Guarantor, or other counsel who is acceptable to the
Trustee.

          “Original Issue Discount Security” means (i) any Security that provides for an amount less
than the stated principal amount thereof to be due and payable upon a declaration of acceleration
of the maturity thereof and (ii) any other security which is issued with “original issue discount”
within the meaning of Section 1271 through 1275 of the Code.

          “Person” means any individual, corporation, partnership, limited liability company, joint
venture, association, joint-stock company, trust, unincorporated organization, government or any
agency or political subdivision thereof or any other entity.

          “principal” of a Security means the principal of such Security (or, in the case of Original
Issue Discount Securities, the portion thereby specified in the terms of such Securities) plus the
premium, if any, payable on the Security which is due or overdue or is to become due at the
relevant time.

          “SEC” means the Securities and Exchange Commission.

          “Securities” means the securities issued under this Indenture.

          “Securities Act” means the Securities Act of 1933, as amended.

          “Series” or “Series of Securities” means each series of debentures, notes or other debt
instruments of the Company created pursuant to Sections 2.01 and 2.02 hereof.

          “Securities Custodian” means the custodian with respect to a Global Security of any Series of
Securities (as appointed by the Depositary) or any successor person thereto, who shall initially be
the Trustee.

          “Significant Subsidiary” means any Subsidiary that would be a “Significant Subsidiary” of the
Company within the meaning of Rule 1-02 under Regulation S-X promulgated by the SEC.

          “Stated Maturity” means, with respect to any security, the date specified in such security as
the fixed date on which the final payment of principal of such security is due and payable,
including pursuant to any mandatory redemption provision (but excluding any provision providing for
the repurchase of such security at the option of the holder thereof upon the happening of any
contingency beyond the control of the Company unless such contingency has occurred).

          “Subsidiary” of any Person means any corporation, association, partnership or other business
entity of which more than 50% of the total voting power of shares of Capital Stock or other
interests (including partnership interests) entitled

4

 

(without regard to the occurrence of any contingency) to vote in the election of directors,
managers or trustees thereof is at the time owned or controlled, directly or indirectly, by:

	 	(1)	 	such Person,
	 
	 	(2)	 	such Person and one or more Subsidiaries of such Person, or
	 
	 	(3)	 	one or more Subsidiaries of such Person.

          “Subsidiary Guarantee” means, with respect to any Series of Securities, each Guarantee of the
obligations with respect to such Series of Securities issued by a Subsidiary of the Company
pursuant to the terms of this Indenture.

          “Subsidiary
Guarantor” means, with respect to any Series of Securities, any Subsidiary that has
issued a Subsidiary Guarantee of such Series.

          “TIA” means the Trust Indenture Act of 1939, as amended
 (15 U.S.C. §§ 77aaa-77bbbb), as in
effect on the Closing Date.

          “Trust Officer” means the Chairman of the Board, the President or any other officer or
assistant officer of the Trustee assigned by the Trustee to administer its corporate trust matters,
and any other officer of the Trustee to whom a matter arising under this Indenture may be referred.

          “Trustee” means the party named as such in this Indenture until a successor replaces it and,
thereafter, means the successor.

          “Uniform Commercial Code” means the New York Uniform Commercial Code as in effect from time to
time.

          “U.S. Government Obligations” means direct obligations (or certificates representing an
ownership interest in such obligations) of the United States of America (including any agency or
instrumentality thereof) for the payment of which the full faith and credit of the United States of
America is pledged and which are not callable or redeemable at the issuer’s option.

          “Wholly Owned Subsidiary” means a Subsidiary of the Company all the Capital Stock of which
(other than directors’ qualifying shares) is owned by the Company or another Wholly Owned
Subsidiary.

5

 

          SECTION 1.02. Other Definitions.

	 	 	 	 	 
	 	 	Defined in	 
	Term	 	Section	 
	“Agent Members”
	 	 	2.13	(g)
	“Bankruptcy Law”
	 	 	6.01	 
	“covenant defeasance option”
	 	 	8.01	(b)
	“Custodian”
	 	 	6.01	 
	“Event of Default”
	 	 	6.01	 
	“legal defeasance option”
	 	 	8.01	(b)
	“Paying Agent”
	 	 	2.04	 
	“Registrar”
	 	 	2.04	 
	“Successor Company”
	 	 	5.01	(a)(1)

          SECTION 1.03. Incorporation by Reference of Trust Indenture Act. This Indenture is
subject to the mandatory provisions of the TIA which are incorporated by reference in and made a
part of this Indenture. The following TIA terms have the following meanings:

          “Commission” means the SEC;

          “indenture securities” means the Securities and the Subsidiary Guarantees;

          “indenture security holder” means a Holder;

          “indenture to be qualified” means this Indenture;

          “indenture trustee” or “institutional trustee” means the Trustee; and

          “obligor” on the indenture securities means the Company, each Subsidiary Guarantor and any
other obligor on the indenture securities.

          All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA
reference to another statute or defined by SEC rule have the meanings assigned to them by such
definitions.

          SECTION 1.04. Rules of Construction. Unless the context otherwise requires:

	 	(1)	 	a term has the meaning assigned to it;
	 
	 	(2)	 	an accounting term not otherwise defined has the meaning
assigned to it in accordance with GAAP;
	 
	 	(3)	 	“or” is not exclusive;
	 
	 	(4)	 	“including” means including without limitation;
	 
	 	(5)	 	words in the singular include the plural and words in the
plural include the singular;

6

 

	 	(6)	 	unsecured Indebtedness shall not be deemed to be subordinate
or junior to secured Indebtedness merely by virtue of its nature as unsecured
Indebtedness;
	 
	 	(7)	 	secured Indebtedness shall not be deemed to be subordinate or
junior to any other secured Indebtedness merely because it has a junior
priority with respect to the same collateral;
	 
	 	(8)	 	the principal amount of any non-interest bearing or other
discount security at any date shall be the principal amount thereof that would
be shown on a balance sheet of the issuer dated such date prepared in
accordance with GAAP; and
	 
	 	(9)	 	the principal amount of any preferred stock shall be (A) the
maximum liquidation value of such preferred stock or (B) the maximum mandatory
redemption or mandatory repurchase price with respect to such preferred stock,
whichever is greater.

ARTICLE 2

The Securities

          SECTION 2.01. Issuable in Series. The aggregate principal amount of Securities that
may be authenticated and delivered under this Indenture is unlimited. The Securities may be issued
in one or more Series as the Company may authorize from time to time. All Securities of a Series
shall be identical except as may be set forth in a resolution of the Board of Directors, a
supplemental indenture or an Officers’ Certificate detailing the adoption of the terms thereof
pursuant to the authority granted under a resolution of the Board of Directors. In the case of
Securities of a Series to be issued from time to time, the resolution of the Board of Directors,
supplemental indenture or Officers’ Certificate may provide for the method by which specified terms
(such as interest rate, maturity date, record date or date from which interest shall accrue) are to
be determined. Securities may differ between Series in respect of any matters.

          SECTION 2.02. Establishment of Terms of Series of Securities. At or prior to the
issuance of any Securities within a Series, the following shall be established (as to the Series
generally, in the case of Section 2.02(a), and either as to such Securities within the Series or as
to the Series generally, in the case of Sections 2.02(b) through 2.02(aa)) by a resolution of the
Board of Directors, a supplemental indenture or an Officers’ Certificate pursuant to authority
granted under a resolution of the Board of Directors:

     (a) the title of the Securities of the Series (which shall distinguish the Securities
of that particular Series from the Securities of any other Series);

     (b) the price or prices of the Securities of the Series;

7

 

     (c) any limit upon the aggregate principal amount of the Securities of the Series
which may be authenticated and delivered under this Indenture (except for Securities
authenticated and delivered upon registration of transfer of, or in exchange for, or in
lieu of, other Securities of the Series);

     (d) the date or dates on which the principal with respect to the Securities of the
Series is payable;

     (e) the rate or rates (which may be fixed or variable) at which the Securities of the
Series shall bear interest, if any, or the method of determining such rate or rates, the
date or dates from which such interest, if any, shall accrue, the dates on which such
interest, if any, shall be payable or the method by which such dates will be determined,
the record dates for the determination of holders thereof to whom such interest, if any, is
payable (in the case of Securities in registered form), and the basis upon which such
interest, if any, will be calculated if other than that of a 360-day year of twelve 30-day
months;

     (f) the currency or currencies in which Securities of the Series shall be denominated,
if other than U.S. dollars, and if payments of principal or interest, if any, with respect
to the Securities of the Series are to be made in one or more currencies other than that or
those in which the Securities of the Series are denominated, the manner in which the
exchange rate with respect to such payments will be determined;

     (g) the place or places where the principal  and interest, if any, with respect to
Securities of such Series shall be payable or the method of such payment, if by wire
transfer, mail or other means; the place or places where the Securities of the Series may
be surrendered for registration of transfer or exchange and where notices and demands to or
upon the Company in respect of Securities of the Series and this Indenture may be served;

     (h) the price or prices at which, the period or periods within which, and the terms
and conditions upon which, Securities of the Series may be redeemed, in whole or in part at
the option of the Company or otherwise;

     (i) the form of the Securities of the Series, including whether Securities of the
Series are to be issued as Securities in registered form or as Securities in bearer form or
both and, if Securities in bearer form are to be issued, whether coupons will be attached
to them, whether Securities in bearer form of the Series may be exchanged for Securities in
registered form of the Series, and the circumstances under which and the places at which
any such exchanges, if permitted, may be made;

     (j) if any Securities of the Series are to be issued as Securities in bearer form or
as one or more Global Securities representing individual Securities in bearer form of the
Series, whether certain provisions for the payment of additional interest or tax
redemptions shall apply; whether interest with respect to any

8

 

portion of a temporary bearer Security of the Series payable with respect to any
interest payment date prior to the exchange of such temporary bearer Security for
definitive Securities in bearer form of the Series shall be paid to any clearing
organization with respect to the portion of such temporary bearer Security held for its
account and, in such event, the terms and conditions (including any certification
requirements) upon which any such interest payment received by a clearing organization will
be credited to the Persons entitled to interest payable on such interest payment date; and
the terms upon which a temporary Security in bearer form may be exchanged for one or more
definitive Securities in bearer form of the Series;

     (k) the Company’s obligation, if any, to redeem, purchase or repay the Securities of
the Series pursuant to any sinking fund or analogous provisions or at the option of a
Holder of such Securities and the price or prices at which, the period or periods within
which, and the terms and conditions upon which, Securities of the Series shall be redeemed,
purchased or repaid, in whole or in part, pursuant to such obligations;

     (l) the terms, if any, upon which the Securities of the Series may be convertible into
or exchanged for the Company’s common stock, preferred stock, other debt securities or
Indebtedness, warrants for common stock, preferred stock or other equity securities, or
other securities of any kind and the terms and conditions upon which such conversion or
exchange shall be effected, including the initial conversion or exchange price or rate, the
manner in which the conversion or exchange price or rate  may be adjusted, the conversion or
exchange period and any other additional provisions;

     (m) if other than denominations of $1,000 and any integral multiple thereof, the
denominations in which the Securities of the Series shall be issuable;

     (n) if the amount of principal or interest, if any, with respect to the Securities of
the Series may be determined with reference to an index or pursuant to a formula, the
manner in which such amounts will be determined;

     (o) if the principal amount payable at the Stated Maturity of Securities of the Series
will not be determinable as of any one or more dates prior to such Stated Maturity, the
amount that will be deemed to be such principal amount as of any such date for any purpose,
including the principal amount thereof which will be due and payable upon any maturity
other than the Stated Maturity or which will be deemed to be outstanding as of any such
date (or, in any such case, the manner in which such deemed principal amount is to be
determined), and if necessary, the manner of determining the equivalent thereof in U.S.
dollars;

     (p) any changes or additions to Article 8;

     (q) if other than the principal amount thereof, the portion of the principal amount of
the Securities of the Series that shall be payable upon declaration of

9

 

acceleration of the maturity thereof pursuant to Section 6.02 or provable in
bankruptcy;

     (r) the terms, if any, of the transfer, mortgage, pledge or assignment as security for
the Securities of the Series of any properties, assets, moneys, proceeds, securities or
other collateral, including whether certain provisions of the TIA are applicable and any
corresponding changes to provisions of this Indenture as then in effect;

     (s) any addition to or change in the Events of Default with respect to any Securities
of the Series and any change in the right of the Trustee or the Holders of such Series of
Securities to declare the principal and interest, if any, on such Series of Securities due
and payable pursuant to Section 6.02;

     (t) if the Securities of the Series shall be issued in whole or in part in the form of
a Global Security, the terms and conditions, if any, upon which such Global Security may be
exchanged in whole or in part for other individual Securities of such Series in definitive
registered form, the depositary for such Global Security and the form of any legend or
legends to be borne by any such Global Security;

     (u) any Trustee, authenticating agent, Paying Agent, transfer agent or Registrar;

     (v) the applicability of, and any addition to or change in, the covenants, definitions
or other terms set forth in the Indenture which applies to Securities of the Series;

     (w) the terms, if any, of any Guarantee of the payment of principal and interest, if
any, with respect to Securities of the Series and any corresponding changes to the
provisions of this Indenture as then in effect;

     (x) the subordination, if any, of the Securities of the Series or any related
Subsidiary Guarantee;

     (y) with regard to Securities of the Series that do not bear interest, the dates for
certain required reports to the Trustee;

     (z) any U.S. Federal income tax consequences applicable to the Securities; and

     (aa) any other terms of Securities of the Series (which may modify, amend or delete
any provision of this Indenture insofar as it applies to such Series).

          All Securities of any one Series need not be issued at the same time and may be issued from
time to time, consistent with the terms of this Indenture, if so provided by or pursuant to the
resolution of the Board of Directors, supplemental

10

 

indenture or Officers’ Certificate referred to above, and the authorized principal amount of
any Series may not be increased to provide for issuances of additional Securities of such Series,
unless otherwise provided in such resolution of the Board of Directors, supplemental indenture or
Officers’ Certificate.

          SECTION 2.03. Execution and Authentication. One or more Officers shall sign the
Securities for the Company by manual or facsimile signature.

          If an Officer whose signature is on a Security no longer holds that office at the time the
Trustee authenticates the Security, the Security shall be valid nevertheless.

          A Security shall not be valid until an authorized signatory of the Trustee manually signs the
certificate of authentication on the Security. The signature shall be conclusive evidence that the
Security has been authenticated under this Indenture. A Security shall be dated the date of its
authentication, unless otherwise provided by a resolution of the Board of Directors, a supplemental
indenture or an Officers’ Certificate.

          The Trustee shall at any time, and from time to time, authenticate Securities for original
issue in the principal amount provided in a resolution of the Board of Directors, supplemental
indenture or Officers’ Certificate, upon receipt by the Trustee of a Company Order.

          The aggregate principal amount of Securities of any Series outstanding at any time may not
exceed any limit upon the maximum principal amount for such Series set forth in the resolution of
the Board of Directors, supplemental indenture or Officers’ Certificate delivered pursuant to
Section 2.02, except as provided in Section 2.08.

          The Trustee may appoint an authenticating agent reasonably acceptable to the Company to
authenticate the Securities. Unless limited by the terms of such appointment, an authenticating
agent may authenticate Securities whenever the Trustee may do so. Each reference in this Indenture
to authentication by the Trustee includes authentication by such agent. An authenticating agent
has the same rights as any Registrar, Paying Agent or agent for service of notices and demands.

          SECTION 2.04. Registrar and Paying Agent. (a) The Company shall maintain, with
respect to each Series of Securities, at the place or places specified with respect to such Series
pursuant to Section 2.02, an office or agency where Securities of such Series may be presented for
registration of transfer or for exchange (the “Registrar”) and an office or agency where Securities
of such Series may be presented for payment (the “Paying Agent”). The Registrar shall keep a
register with respect to each Series of Securities and of their transfer and exchange. The Company
may have one or more co-registrars and one or more additional paying agents; provided, however,
that so long as Wells Fargo Bank, N.A. shall be the Trustee, without the consent of the Trustee,
there shall be no more than one Registrar or Paying Agent for each Series of Securities. The term
“Paying Agent” includes any additional paying agent.

          The Company shall enter into an appropriate agency agreement with any Registrar, Paying Agent
or co-registrar not a party to this Indenture, which shall

11

 

incorporate the terms of the TIA. The agreement shall implement the provisions of this
Indenture that relate to such agent. The Company shall notify the Trustee of the name and address
of any such agent. If the Company fails to maintain a Registrar or Paying Agent, the Trustee shall
act as such and shall be entitled to appropriate compensation therefor pursuant to Section 7.07.
The Company or any Wholly Owned Subsidiary incorporated or organized within the United States of
America may act as Paying Agent, Registrar, co-registrar or transfer agent.

          The Registrar may require a Holder, among other things, to furnish appropriate endorsements
and transfer documents, and the Company may require a Holder to pay any taxes and fees required by
law or permitted by the Indenture. The Registrar need not register transfer or exchanges of
Securities selected for redemption (except, in the case of Securities to be redeemed in part, the
portion thereof not to be redeemed) or any Securities for a period of 15 days before a selection of
Securities to be redeemed, or any Securities for a period of 15 days before a selection of an
interest payment date. The Holder of a Security may be treated as the owner of such Security for
all purposes.

          (b) The Company initially appoints the Trustee as Registrar and Paying Agent for each Series
of Securities unless another Registrar or Paying Agent, as the case may be, is appointed prior to
the time Securities of that Series are first issued.

          (c) The Company may remove any Registrar or Paying Agent upon written notice to such Registrar
or Paying Agent and to the Trustee; provided, however, that no such removal shall
become effective until (i) acceptance of an appointment by a successor as evidenced by an
appropriate agreement entered into by the Company and such successor Registrar or Paying Agent, as
the case may be, and delivered to the Trustee or (ii) notification to the Trustee that the Trustee
shall serve as Registrar or Paying Agent until the appointment of a successor in accordance with
clause (i) above.

          (d) Except as the Company and the Trustee may otherwise agree or as otherwise provided for a
particular Series of Securities by a resolution of the Board of Directors, a supplemental indenture
or an Officers’ Certificate, the Company shall promptly file with the Trustee by each January 15th
for which original issue discount reporting is required a written notice specifying the amount of
the original issue discount, if any, accrued on the Securities of a Series for the previous
calendar year, including daily rates and accrual periods, and such other information relating to
original issue discount as may be required under the Code and applicable regulations, as amended
from time to time.

          SECTION 2.05. Paying Agent To Hold Money in Trust. Prior to each due date of the
principal of and interest on the Securities of any Series, the Company shall deposit with the
Paying Agent (or if the Company or a Subsidiary is acting as Paying Agent, segregate and hold in
trust for the benefit of Holders entitled thereto) a sum sufficient to pay such principal and
interest when so becoming due. The Company shall require each Paying Agent (other than the
Trustee) to agree in writing that the Paying Agent shall hold in trust for the benefit of Holders
of the applicable Series of

12

 

Securities or the Trustee all money held by the Paying Agent for the payment of principal of
or interest on the Securities of the applicable Series and shall notify the Trustee of any default
by the Company in making any such payment. If the Company or a Subsidiary acts as Paying Agent, it
shall segregate the money held by it as Paying Agent and hold it as a separate trust fund. The
Company at any time may require a Paying Agent to pay all money held by it to the Trustee and to
account for any funds disbursed by the Paying Agent. Upon complying with this Section, the Paying
Agent shall have no further liability for the money delivered to the Trustee.

          SECTION 2.06. Lists of Holders of Securities. The Trustee shall preserve in as
current a form as is reasonably practicable the most recent list available to it of the names and
addresses of Holders of each Series of Securities. If the Trustee is not the Registrar, the
Company shall furnish to the Trustee, in writing at least five Business Days before each interest
payment date and at such other times as the Trustee may request in writing, a list in such form and
as of such date as the Trustee may reasonably require of the names and addresses of Holders of each
Series of Securities.

          SECTION 2.07. Transfer and Exchange. (a) The Securities shall be issued in
registered form and shall be transferable only in compliance with the Indenture and upon the
surrender of a Security for registration of transfer. When a Security is presented to the
Registrar or a co-registrar with a request to register a transfer, the Registrar shall register the
transfer as requested if the requirements of this Indenture and Section 8-401(1) of the Uniform
Commercial Code are met. When Securities of a Series are presented to the Registrar or a
co-registrar with a request to exchange them for an equal principal amount of Securities of the
same Series in other denominations, the Registrar shall make the exchange as requested if the same
requirements are met.

          (b) To permit registration of transfers and exchanges, the Company shall execute and the
Trustee shall authenticate Securities at the Registrar’s request. The Company may require payment
of a sum sufficient to pay all taxes, assessments or other governmental charges in connection with
any transfer or exchange pursuant to this Section. The Company shall not be required to make and
the Registrar need not register transfer or exchanges of Securities selected for redemption in
accordance with the terms of this Indenture (except, in the case of Securities to be redeemed in
part, the portion thereof not to be redeemed) or any Securities for a period of 15 days before a
selection of Securities to be redeemed or any Securities for a period of 15 days before an interest
payment date.

          Prior to the due presentation for registration of transfer of any Security, the Company, the
Subsidiary Guarantors, the Trustee, the Paying Agent and the Registrar may deem and treat the
Person in whose name a Security is registered as the absolute owner of such Security for the
purpose of receiving payment of principal of and (subject to the terms of the Securities) interest,
if any, on such Security and for all other purposes whatsoever, whether or not such Security is
overdue, and none of the Company, any Subsidiary Guarantor, the Trustee, the Paying Agent, or the
Registrar shall be affected by notice to the contrary.

13

 

          Any Holder of a beneficial interest in a Global Security shall, by acceptance of such
beneficial interest, agree that transfers of beneficial interest in such Global Security may be
effected only through a book-entry system maintained by (a) the Holder of such Global Security (or
its agent) or (b) any Holder of a beneficial interest in such Global Security, and that ownership
of a beneficial interest in such Global Security shall be required to be reflected in a book entry.

          All Securities issued upon any transfer or exchange pursuant to the terms of this Indenture
shall evidence the same Indebtedness and shall be entitled to the same benefits under this
Indenture as the Securities surrendered upon such transfer or exchange.

          SECTION 2.08. Replacement Securities. If a mutilated Security is surrendered to the
Registrar or if the Holder of a Security claims that the Security has been lost, destroyed or
wrongfully taken, the Company shall issue and the Trustee shall authenticate a replacement Security
of the same Series if the requirements of Section 8-405 of the Uniform Commercial Code are met and
the Holder satisfies any other reasonable requirements of the Trustee. If required by the Trustee
or the Company, such Holder shall furnish an indemnity bond sufficient in the judgment of the
Company and the Trustee to protect the Company, the Subsidiary Guarantors, the Trustee, the Paying
Agent, the Registrar and any co-registrar from any loss which any of them may suffer if a Security
is replaced. The Company and the Trustee may charge the Holder for their expenses in replacing a
Security.

          Every replacement Security is an additional Obligation of the Company.

          The provisions of this Section 2.08 are exclusive and shall preclude (to the extent lawful)
all other rights and remedies with respect to the replacement or payment of mutilated, lost,
destroyed or wrongfully taken Securities.

          SECTION 2.09. Outstanding Securities. Securities outstanding at any time are all
Securities authenticated by the Trustee except for those canceled by it, those delivered to it for
cancellation and those described in this Section as not outstanding. Subject to Section 11.06, a
Security does not cease to be outstanding because the Company or an Affiliate of the Company holds
the Security.

          If a Security is replaced pursuant to Section 2.08, it ceases to be outstanding unless the
Trustee and the Company receive proof satisfactory to them that the replaced Security is held by a
bona fide purchaser.

          If the Paying Agent segregates and holds in trust, in accordance with this Indenture, on a
redemption date or maturity date money sufficient to pay all principal and interest payable on that
date with respect to such Securities (or portions thereof) to be redeemed or maturing, as the case
may be, then on and after that date such Securities (or portions thereof) cease to be outstanding
and interest on them ceases to accrue.

          Unless otherwise provided for a particular Series of Securities by a resolution of the Board
of Directors, a supplemental indenture or an Officers’ Certificate,

14

 

in determining whether the Holders of the requisite principal amount of outstanding Securities
of any Series have given any request, demand, authorization, direction, notice, consent or waiver
hereunder, the principal amount of an Original Issue Discount Security that shall be deemed to be
outstanding for such purposes shall be the amount of the principal thereof that would be due and
payable as of the date of such determination upon a declaration of acceleration of the maturity
thereof pursuant to Section 6.02.

          SECTION 2.10. Temporary Securities. Until definitive Securities are ready for
delivery, the Company may prepare and the Trustee shall authenticate temporary Securities.
Temporary Securities shall be substantially in the form of definitive Securities but may have
variations that the Company considers appropriate for temporary Securities. Without unreasonable
delay, the Company shall prepare and the Trustee shall authenticate definitive Securities and
deliver them in exchange for temporary Securities of the same Series upon surrender of such
temporary Securities at the office or agency of the Company, without charge to the Holder.

          SECTION 2.11. Cancellation. The Company at any time may deliver Securities to the
Trustee for cancellation. The Registrar and the Paying Agent shall forward to the Trustee any
Securities surrendered to them for registration of transfer, exchange or payment. The Trustee and
no one else shall cancel all Securities surrendered for registration of transfer, exchange, payment
or cancellation and deliver a certificate of such cancellation to the Company upon request. The
Trustee shall retain all canceled Securities in accordance with its standard procedures (subject to
the record retention requirements of the Exchange Act). The Company may not issue new Securities
to replace Securities it has redeemed, paid or delivered to the Trustee for cancellation. The
Trustee shall not authenticate Securities in place of cancelled Securities other than pursuant to
the terms of this Indenture.

          SECTION 2.12. Defaulted Interest. If the Company defaults in a payment of interest on
a Series of Securities, the Company shall pay defaulted interest (plus interest on such defaulted
interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to
the persons who are Holders of such Series of Securities on a subsequent special record date. The
Company shall fix or cause to be fixed any such special record date and payment date to the
reasonable satisfaction of the Trustee and shall promptly mail or cause to be mailed to each Holder
of Securities of such Series a notice that states the special record date, the payment date and the
amount of defaulted interest to be paid.

          SECTION 2.13. Global Securities.

          (a) Terms of Securities. A Board Resolution, a supplemental indenture or an Officers’
Certificate shall establish whether the Securities of a Series shall be issued in whole or in part
in the form of one or more Global Securities and the Depositary for such Global Security or
Securities.

          (b) Transfer and Exchange. Notwithstanding any provisions to the contrary contained
in Section 2.07 of this Indenture and in addition thereto, and unless

15

 

otherwise provided for a particular Series of Securities by a resolution of the Board of
Directors, a supplemental indenture or an Officers’ Certificate, any Global Security shall be
exchangeable pursuant to Section 2.07 of this Indenture for Securities registered in the names of
Holders other than the Depositary for such Security or its nominee only if (i) such Depositary
notifies the Company that it is unwilling or unable to continue as Depositary for such Global
Security or if at any time such Depositary ceases to be a “clearing agency” registered under the
Exchange Act, and, in either case, the Company fails to appoint a successor Depositary within
120 days of such event, (ii) the Company in its sole discretion notifies the Trustee in writing
that such Global Security shall be so exchangeable or (iii) the Depositary so requests, or any
beneficial owner thereof requests such exchange in writing delivered through the Depositary, in
either case, if an Event of Default with respect to the Securities represented by such Global
Security shall have occurred and be continuing. Any Global Security that is exchangeable pursuant
to the preceding sentence shall be exchangeable for Securities registered in such names as the
Depositary shall direct in writing in an aggregate principal amount equal to the principal amount
of the Global Security with like tenor and terms.

          (c) Except as provided in Section 2.13(b), a Global Security may not be transferred except as
a whole by the Depositary with respect to such Global Security to a nominee of such Depositary, by
a nominee of such Depositary to such Depositary or another nominee of such Depositary or by the
Depositary or any such nominee to a successor Depositary or a nominee of such a successor
Depositary.

          (d) Legend. Any Global Security issued hereunder shall bear such legend as is
provided for a particular Series of Securities by a resolution of the Board of Directors, a
supplemental indenture or an Officers’ Certificate.

          (e) Acts of Holders. The Depositary, as a Holder, may appoint agents, grant proxies
and otherwise authorize Agent Members to give or take any request, demand, authorization,
direction, notice, consent, waiver or other action that a Holder is entitled to give or take under
this Indenture.

          (f) Payments. Notwithstanding the other provisions of this Indenture, unless
otherwise specified as contemplated by Section 2.02, payment of the principal of and interest, if
any, on any Global Security shall be made to the Holder thereof.

          (g) Consents, Declaration and Directions. Except as provided in Section 2.13(e),
members of, or participants in, the Depository (“Agent Members”) shall have no rights under this
Indenture with respect to any Global Security held on their behalf by the Depositary or by the
Trustee as Securities Custodian or under such Global Security, and the Depositary may be treated by
the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner of such
Global Security for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall
prevent the Company, the Trustee or any agent of the Company or the Trustee from giving effect to
any written certification, proxy or other authorization furnished by the Depositary or impair, as
between the Depositary and its Agent Members, the operation of customary

16

 

practices of such Depositary governing the exercise of the rights of a holder of a beneficial
interest in any Global Security.

          SECTION 2.14. CUSIP Numbers and ISINs. The Company in issuing any Series of
Securities may use “CUSIP” numbers and ISINs (if then generally in use) and, if so, the Trustee
shall use “CUSIP” numbers and ISINs in notices as a convenience to Holders; provided,
however, that any such notice may state that no representation is made as to the
correctness of such numbers either as printed on the Securities or as contained in any notice
(including a notice of redemption) and that reliance may be placed only on the other identification
numbers printed on the Securities, and any such notice or notice of redemption shall not be
affected by any defect in or omission of such numbers.

ARTICLE 3

Redemption

          SECTION 3.01. Notices to Trustee. If any Series of Securities is redeemable prior to
the Stated Maturity thereof and the Company elects to redeem Securities of such Series pursuant to
the terms of such Securities, it shall notify the Trustee in writing of the redemption date, the
principal amount of Securities of such Series to be redeemed and the redemption price.

          Unless otherwise provided for a particular Series of Securities by a resolution of the Board
of Directors, a supplemental indenture or an Officers’ Certificate, the Company shall give each
notice to the Trustee provided for in this Section at least 45 days before the redemption date
unless the Trustee consents to a shorter period. Such notice shall be accompanied by an Officers’
Certificate to the effect that such redemption will comply with the conditions in this Indenture
and the Securities of such Series. Any such notice may be cancelled by the Company at any time
prior to notice of such redemption being mailed to any Holder of Securities of such Series and
shall thereby be void and of no effect unless the Trustee has sent the notice of redemption
pursuant to Section 3.03 below.

          SECTION 3.02. Selection of Securities to Be Redeemed. Unless otherwise provided for a
particular Series of Securities by a resolution of the Board of Directors, a supplemental indenture
or an Officers’ Certificate, if fewer than all the Securities of a particular Series are to be
redeemed, the Trustee, subject to the procedures of the Depositary, shall select the Securities of
such Series to be redeemed pro rata or by lot or by a method that complies with applicable legal
and securities exchange requirements, if any, and that the Trustee in its sole discretion shall
deem to be fair and appropriate. The Trustee shall make the selection from outstanding Securities
of such Series not previously called for redemption. The Trustee may select for redemption
portions of the principal amount of Securities of such Series that have denominations larger than
$1,000. Securities and portions of them the Trustee selects shall be in principal amounts of
$1,000 or a whole multiple of $1,000 in excess thereof. Provisions of this Indenture that apply to
Securities called for redemption also apply to portions of

17

 

Securities called for redemption. The Trustee shall notify the Company promptly of the
Securities or portions of Securities to be redeemed.

          SECTION 3.03. Notice of Redemption. Unless otherwise provided for a particular Series
of Securities by a resolution of the Board of Directors, a supplemental indenture or an Officers’
Certificate, at least 30 days but not more than 60 days before a date for redemption of Securities,
the Company, or the Trustee (at the direction of the Company), shall mail a notice of redemption by
first-class mail to each Holder of Securities to be redeemed at such Holder’s registered address.

          The notice shall identify the Securities to be redeemed and shall state:

          (1)
the redemption date;

          (2)
the
redemption price;

          (3)
the name and address of the Paying Agent;

     (4)
    that Securities called for redemption must be surrendered to the Paying Agent to
collect the redemption price;

     (5)
if fewer than all the outstanding Securities of such Series are to be redeemed,
the identification and principal amounts of the particular Securities
to be redeemed;

     
(6) that, unless the Company defaults in making such redemption payment, interest on
Securities (or portion thereof) called for redemption ceases to accrue on and after the
redemption date; and

     
(7) that no representation is made as to the correctness or accuracy of the CUSIP
number or ISIN, if any, listed in such notice or printed on the Securities.

          At the Company’s request, the Trustee shall give the notice of redemption in the Company’s
name and at the Company’s expense. In such event, the Company shall provide the Trustee with the
information required by this Section.

          SECTION 3.04. Effect of Notice of Redemption. Unless otherwise provided for a
particular Series of Securities by a resolution of the Board of Directors, a supplemental indenture
or an Officers’ Certificate, once notice of redemption is mailed to Holders, Securities called for
redemption shall become due and payable on the redemption date and at the redemption price stated
in the notice. Upon surrender to the Paying Agent, such Securities shall be paid at the redemption
price stated in the notice, plus accrued interest to the redemption date (subject to the right of
Holders of record on the relevant record date to receive interest due on the related interest
payment date if the redemption date is after a regular record date and on or prior to the interest
payment date). Failure to give notice or any defect in the notice to any Holder shall not affect
the validity of the notice to any other Holder.

18

 

          SECTION 3.05. Deposit of Redemption Price. Unless otherwise provided for a particular
Series of Securities by a resolution of the Board of Directors, a supplemental indenture or an
Officers’ Certificate, prior to 11:00 a.m., New York City time, on the redemption date, the Company
shall deposit with the Paying Agent (or, if the Company or a Subsidiary is the Paying Agent, shall
segregate and hold in trust) money sufficient to pay the redemption price of and accrued interest,
if any, on all Securities or portions thereof to be redeemed on that date other than Securities or
portions of Securities called for redemption which have been delivered by the Company to the
Trustee for cancellation. Interest, if any, shall cease to accrue on Securities or portions
thereof called for redemption on and after the date the Company has deposited with the Paying Agent
funds sufficient to pay the principal of, plus accrued and unpaid interest, if any, on the
Securities to be redeemed, unless the Paying Agent is prohibited from making such payment pursuant
to the terms of this Indenture.

          SECTION 3.06. Securities Redeemed in Part. Upon surrender of a Security that is
redeemed in part, the Company shall execute and the Trustee shall authenticate for the Holder (at
the Company’s expense) a new Security equal in principal amount to the unredeemed portion of the
Security surrendered.

ARTICLE 4

Covenants

          SECTION 4.01. Payment of Securities. The Company shall promptly pay the principal of
and interest, if any, on each Series of Securities on the dates and in the manner provided in such
Series of Securities and in this Indenture. Principal and interest, if any, shall be considered
paid on the date due if on such date the Trustee or the Paying Agent holds in accordance with this
Indenture money sufficient to pay all principal and interest, if any, then due.

          SECTION 4.02. SEC Reports. Unless otherwise provided for a particular Series of
Securities by a resolution of the Board of Directors, a supplemental indenture or an Officers’
Certificate, notwithstanding that the Company may not be subject to the reporting requirements of
Section 13 or 15(d) of the Exchange Act, the Company shall file with the SEC and provide the
Trustee and Holders and prospective Holders (upon request) within 15 days after it files them with
the SEC, copies of its annual report and the information, documents and other reports that are
specified in Sections 13 and 15(d) of the Exchange Act. In addition, the Company shall furnish to
the Trustee and the Holders, promptly upon their becoming available, copies of the annual report to
shareholders and any other information provided by the Company to its public shareholders
generally. The Company also shall comply with the other provisions of Section 314(a) of the TIA.
Delivery of such reports, information and documents to the Trustee hereunder is for informational
purposes only and the Trustee’s receipt of such does not constitute constructive notice of any
information contained therein or determinable from information contained therein, including the
Company’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to
rely exclusively on Officers’ Certificates or certificates delivered pursuant to Section 4.03).

19

 

          SECTION 4.03. Compliance Certificate. The Company shall deliver to the Trustee within
120 days after the end of each fiscal year of the Company a certificate signed by a Financial
Officer complying with TIA § 314(a)(4) stating (i) that a review of the activities of the Company
and its Subsidiaries during the preceding fiscal year has been made with a view to determining whether
the Company and the Subsidiary Guarantors have fulfilled their obligations under this Indenture and
(ii) that, to the knowledge of such Financial Officer, no Default or Event of Default occurred
during such period (or, if a Default or Event of Default hereunder shall have occurred, describing
all such Defaults or Events of Default hereunder of which such Financial Officer may have knowledge
and what action the Company has taken, is taking and/or proposes to take with respect thereto).

          SECTION 4.04. Further Instruments and Acts. Upon request of the Trustee, the Company
will execute and deliver such further instruments and do such further acts as may be reasonably
necessary or proper to carry out more effectively the purpose of this Indenture.

ARTICLE 5

Successor Company

          SECTION 5.01. When Company May Merge or Transfer Assets. (a) Unless otherwise
provided for a particular Series of Securities by a resolution of the Board of Directors, a
supplemental indenture or an Officers’ Certificate, the Company shall not, directly or indirectly,
consolidate with or merge with or into, or convey, transfer or lease all or substantially all its
assets, in one or a series of related transactions, to, any Person, unless:

     (1) the resulting, surviving or transferee Person (the “Successor Company”) shall be a
corporation organized and existing under the laws of the United States of America, any
State thereof or the District of Columbia and the Successor Company (if not the Company)
shall expressly assume, by a supplemental indenture, executed and delivered to the Trustee,
in form satisfactory to the Trustee, all the obligations of the Company under the
Securities and this Indenture;

     (2) immediately after giving effect to such transaction, no Default shall have
occurred and be continuing; and

     (3) the Company shall have delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel, each stating that such consolidation, merger or transfer and such
supplemental indenture (if any) comply with this Indenture.

          (b) The Successor Company shall succeed to, and be substituted for, and may exercise every
right and power of, the Company under this Indenture (as modified or supplemented by a resolution
of the Board of Directors, supplemental indenture or an

20

 

Officers’ Certificate), and the predecessor Company, other than in the case of a lease,
shall be released from the obligation to pay the principal of and interest, if any, on the
Securities.

          (c) Unless otherwise provided for a particular Series of Securities by a resolution of the
Board of Directors, a supplemental indenture or an Officers’ Certificate, the Company shall not
permit any Subsidiary Guarantor to, directly or indirectly, consolidate with or merge with or into,
or convey, transfer or lease all or substantially all of its assets, in one or a series of related
transactions, to any Person unless:

     (1) except in the case of a Subsidiary Guarantor (i) that has been disposed of in its
entirety to another Person (other than to the Company or an Affiliate of the Company),
whether through a merger, consolidation or sale of Capital Stock or assets or (ii) that, as
a result of the disposition of all or a portion of its Capital Stock, ceases to be a
Subsidiary, the resulting, surviving or transferee Person shall be a corporation organized
and existing under the laws of the United States of America, any State thereof, the
District of Columbia or any other jurisdiction under which such Subsidiary Guarantor was
organized, and such Person (if not such Subsidiary Guarantor) shall expressly assume, by a
supplemental indenture, executed and delivered to the Trustee, in form satisfactory to the
Trustee, all the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee;

     (2) immediately after giving effect to such transaction, no Default shall have
occurred and be continuing; and

     (3) the Company shall have delivered to the Trustee an Officers’ Certificate and an
Opinion of Counsel, each stating that such consolidation, merger or transfer and such
supplemental indenture (if any) comply with this Indenture.

     (d) Notwithstanding the foregoing:

     (1) any Subsidiary may consolidate with, merge into or transfer all or part of its
properties and assets to the Company or any Subsidiary Guarantor and

     (2) the Company may merge with an Affiliate incorporated solely for the purpose of
reincorporating the Company in another jurisdiction within the United States of America,
any State thereof or the District of Columbia to realize tax or other benefits.

ARTICLE 6

Defaults and Remedies

          SECTION 6.01. Events of Default. Unless otherwise provided for a particular Series
of Securities by a resolution of the Board of Directors, a supplemental

21

 

indenture or an Officers’ Certificate, each of the following constitutes an “Event of Default”
with respect to each Series of Securities:

     (1) the Company defaults in any payment of interest on any Security of that Series
when the same becomes due and payable, and such default continues for 30 days;

     (2) the Company defaults in the payment of principal of any Security of that Series
when the same becomes due and payable at its Stated Maturity, upon optional redemption or
required repurchase, upon declaration of acceleration or otherwise;

     (3) the Company or any Subsidiary Guarantor fails to comply with its obligations under
Section 5.01;

     (4) the Company fails to comply with its covenants or agreements with respect to the
Securities of that Series contained in such Securities or in this Indenture (other than
those referred to in clauses (1), (2), or (3) above) and such failure continues for 60 days
after the notice from the Trustee or the Holders specified below;

     (5) the Company or any Significant Subsidiary pursuant to or within the meaning of any
Bankruptcy Law:

     (A) commences a voluntary case;

     (B) consents to the entry of an order for relief against it in an involuntary
case;

     (C) consents to the appointment of a Custodian of it or for any substantial
part of its property; or

     (D) makes a general assignment for the benefit of its creditors;

or takes any comparable action under any foreign laws relating to insolvency;

     (6) a court of competent jurisdiction enters an order or decree under any Bankruptcy
Law that:

     (A) is for relief against the Company or any Significant Subsidiary in an
involuntary case;

     (B) appoints a Custodian of the Company or any Significant Subsidiary or for
any substantial part of its property; or

     (C) orders the winding up or liquidation of the Company or any Significant
Subsidiary;

22

 

or any similar relief is granted under any foreign laws and the order or decree remains
unstayed and in effect for 60 days;

     (7) with respect to any Series of Securities that has the benefit of Subsidiary
Guarantees, any such Subsidiary Guarantee ceases to be in full force and effect in all
material respects (except as contemplated by the terms thereof) or any applicable
Subsidiary Guarantor denies or disaffirms such Subsidiary Guarantor’s obligations under
this Indenture or any such Subsidiary Guarantee and such Default continues for 10 days
after receipt of the notice specified below.

The foregoing shall constitute Events of Default whatever the reason for any such Event of Default
and whether such Event of Default is voluntary or involuntary or is effected by operation of law or
pursuant to any judgment, decree or order of any court or any order, rule or regulation of any
administrative or governmental body.

          Notwithstanding the foregoing, unless otherwise provided for a particular Series of Securities
by a resolution of the Board of Directors, a supplemental indenture or an Officers’ Certificate, a
default under Section 6.01(4) or 6.01(7) (and under Section 6.01(7) only with respect to any
Subsidiary Guarantor that is not a Significant Subsidiary) shall not constitute an Event of Default
with respect to any Series of Securities until the Trustee notifies the Company or the Holders of
at least 25% in principal amount of the outstanding Securities of that Series notify the Company
and the Trustee of the default and the Company or the Subsidiary Guarantor, as applicable, does not
cure such default within any applicable time specified in Section 6.01(4) or 6.01(7) hereof after
receipt of such notice.

          The term “Bankruptcy Law” means Title 11, United States Code, or any similar Federal or state
law for the relief of debtors. The term “Custodian” means any receiver, trustee, assignee,
liquidator, custodian or similar official under any Bankruptcy Law.

          The Company shall deliver to the Trustee, within 30 days after the occurrence thereof, written
notice of any Event of Default under Section 6.01(7) and any event which with the giving of notice
or the lapse of time would become an Event of Default under Section 6.01(4), its status and what
action the Company is taking or proposes to take with respect thereto.

          SECTION 6.02. Acceleration. If an Event of Default (other than an Event of Default
specified in Section 6.01(5) or 6.01(6)) occurs and is continuing with respect to any Series of
Securities, the Trustee by notice to the Company or the Holders of at least 25% in principal amount
of the outstanding Securities of that Series by notice to the Company and the Trustee may declare
the principal of and accrued but unpaid interest, if any, on all the Securities of that Series to
be due and payable. Upon such a declaration, such principal and interest, if any, will be due and
payable immediately. If an Event of Default specified in Section 6.01(5) or 6.01(6) with respect
to the Company occurs, the principal of and interest, if any, on all the Securities of each Series shall
become immediately due and payable without any declaration or other act on the part of the Trustee
or any

23

 

Holders. The Holders of a majority in principal amount of the Securities of any Series by
notice to the Trustee may rescind an acceleration of that Series of Securities and its consequences
if the rescission would not conflict with any judgment or decree and if all existing Events of
Default with respect to such Series of Securities have been cured or waived except nonpayment of
principal of or interest, if any,
on all Securities of that Series that has become due solely because of
acceleration. No such rescission shall affect any subsequent Default or impair any right
consequent thereto.

          SECTION 6.03. Other Remedies. If an Event of Default occurs and is continuing with
respect to any Series of Securities, the Trustee may pursue any available remedy to collect the
payment of principal of or interest, if any, on the Securities of that Series or to enforce the
performance of any provision of the Securities of that Series or this Indenture.

          The Trustee may maintain a proceeding even if it does not possess any of the Securities of a
Series or does not produce any of them in the proceeding. A delay or omission by the Trustee or
any Holder in exercising any right or remedy accruing upon an Event of Default with respect to any
Series of Securities shall not impair the right or remedy or constitute a waiver of or acquiescence
in the Event of Default. No remedy is exclusive of any other remedy. All available remedies are
cumulative.

          SECTION 6.04. Waiver of Past Defaults. The Holders of a majority in principal amount
of the Securities of any Series by notice to the Trustee may waive an existing Default and its
consequences with respect to such Series of Securities except (a) a Default in the payment of the
principal of or interest, if any, on a Security of that Series, (b) a Default arising from the
failure to redeem or purchase any Security of that Series when required pursuant to this Indenture
or (c) a Default in respect of a provision that under Section 9.02 cannot be amended without the
consent of each Holder affected. When a Default is waived, it is deemed cured, but no such waiver
shall extend to any subsequent or other Default or impair any consequent right.

          SECTION 6.05. Control by Majority. The Holders of a majority in principal amount of
the Securities of any Series may, with respect to that Series of Securities, direct the time,
method and place of conducting any proceeding for any remedy available to the Trustee or of
exercising any trust or power conferred on the Trustee. However, the Trustee may refuse to follow
any direction that conflicts with law or this Indenture or that the Trustee determines is unduly
prejudicial to the rights of any other Holder of Securities of such Series (it being understood
that the Trustee does not have an affirmative duty to ascertain whether or not any such directions
are unduly prejudicial to such Holders), subject to Section 7.01, or that would involve the Trustee
in personal liability; provided, however, that the Trustee may take any other
action deemed proper by the Trustee that is not inconsistent with such direction. Subject to
Section 7.01, if an Event of Default has occurred and is continuing with respect to a Series of
Securities, the Trustee shall be under no obligation to exercise any of the rights or powers under
this Indenture at the request or direction of any of the Holders of such Series of Securities,
unless such Holders have offered to the Trustee indemnity satisfactory to the

24

 

Trustee against any loss, liability or expense which might be incurred by it in compliance
with such request or direction.

          SECTION 6.06. Limitation on Suits. Except to enforce the right to receive payment of
principal of or  interest, if any, on a Security of any Series when due, no Holder of Securities of
such Series may pursue any remedy with respect to this Indenture or the Securities of that Series
unless:

     (1) the Holder gives to the Trustee written notice stating that an Event of Default is
continuing with respect to that Series;

     (2) the Holders of at least 25% in principal amount of the outstanding Securities of
that Series make a written request to the Trustee to pursue the remedy;

     (3) such Holder or Holders of Securities of that Series offer to the Trustee indemnity
satisfactory to the Trustee against any loss, liability or expense;

     (4) the Trustee does not comply with the request within 60 days after receipt of the
request and the offer of indemnity; and

     (5) the Holders of a majority in principal amount of the Securities of that Series do
not give the Trustee a direction inconsistent with the request during such 60-day period.

          A Holder of Securities of any Series may not use this Indenture to prejudice the rights of
another Holder of that Series or to obtain a preference or priority over another Holder of that
Series.

          SECTION 6.07. Rights of Holders to Receive Payment. Notwithstanding any other
provision of this Indenture, the right of any Holder to receive payment of principal of and
interest, if any, on the Securities held by such Holder, on or after the respective due dates
expressed in the Securities, or to bring suit for the enforcement of any such payment on or after
such respective dates, shall not be impaired or affected without the consent of such Holder.

          SECTION 6.08. Collection Suit by Trustee. If an Event of Default specified in
Section 6.01(1) or 6.01(2) occurs and is continuing, the Trustee may recover judgment in its own
name and as trustee of an express trust against the Company for the whole amount then due and owing
(together with interest on any unpaid interest to the extent lawful) and the amounts provided for
in Section 7.07.

          SECTION 6.09. Trustee May File Proofs of Claim. The Trustee may file such proofs of
claim and other papers or documents as may be necessary or advisable in order to have the claims of
the Trustee and the Holders allowed in any judicial proceedings relative to the Company, its
creditors or its property and, unless prohibited by law or applicable regulations, may vote on
behalf of the Holders in any election of a trustee in bankruptcy or other Person performing similar
functions, and any Custodian in

25

 

any such judicial proceeding is hereby authorized by each Holder to make payments to the
Trustee and, in the event that the Trustee shall consent to the making of such payments directly to
the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses,
disbursements and advances of the Trustee, its agents and its counsel, and any other amounts due
the Trustee under Section 7.07.

          SECTION 6.10. Priorities. If the Trustee collects any money or property pursuant to
this Article 6 with respect to any Series of Securities, it shall pay out the money or property in
the following order:

     FIRST: to the Trustee for amounts due under Section 7.07 with respect to such Series
of Securities;

     SECOND: to Holders for amounts due and unpaid on the Securities of that Series for
principal and interest, if any, ratably, without preference or priority of any kind,
according to the amounts due and payable on the Securities of that Series for principal and
interest, if any, respectively; and

     THIRD: to the Company.

          The Trustee may fix a record date and payment date for any payment to Holders pursuant to this
Section. At least 15 days before such record date, the Company shall mail to each Holder and the
Trustee a notice that states the record date, the payment date and amount to be paid.

          SECTION 6.11. Undertaking for Costs. In any suit for the enforcement of any right or
remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by
it as Trustee, a court in its discretion may require the filing by any party litigant in the suit
of an undertaking to pay the costs of the suit, and the court in its discretion may assess
reasonable costs, including reasonable attorneys’ fees, against any party litigant in the suit,
having due regard to the merits and good faith of the claims or defenses made by the party
litigant. This Section does not apply to a suit by the Trustee, a suit by a Holder pursuant to
Section 6.07 or a suit by Holders of more than 10% in principal amount of the Securities of any
Series.

          SECTION 6.12. Waiver of Stay or Extension Laws. The Company (to the extent it may
lawfully do so) shall not at any time insist upon, or plead, or in any manner whatsoever claim or
take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time
hereafter in force, which may affect the covenants or the performance of this Indenture; and the
Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage
of any such law, and shall not hinder, delay or impede the execution of any power herein granted to
the Trustee, but shall suffer and permit the execution of every such power as though no such law
had been enacted.

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ARTICLE 7

Trustee

          SECTION 7.01. Duties of Trustee. (a) If an Event of Default has occurred and is
continuing with respect to any Series of Securities, the Trustee shall exercise the rights and
powers vested in it by this Indenture and use the same degree of care and skill in their exercise
as a prudent Person would exercise or use under the circumstances in the conduct of such Person’s
own affairs.

          (b) Except during the continuance of an Event of Default with respect to any Series of
Securities:

     (1) the Trustee undertakes to perform such duties and only such duties as are
specifically set forth in this Indenture with respect to the Securities of that Series, as
modified or supplemented by a resolution of the Board of Directors, a supplemental
indenture or an Officers’ Certificate, and no implied covenants or obligations shall be
read into this Indenture against the Trustee; and

     (2) in the absence of bad faith on its part, the Trustee may, with respect to the
Securities of that Series, conclusively rely, as to the truth of the statements and the
correctness of the opinions expressed therein, upon certificates or opinions furnished to
the Trustee and conforming to the requirements of this Indenture. However, the Trustee
shall examine the certificates and opinions to determine whether or not they conform to the
requirements of this Indenture.

          (c) The Trustee may not be relieved from liability for its own negligent action, its own
negligent failure to act or its own wilful misconduct, except that:

     (1) this paragraph does not limit the effect of paragraph (b) of this Section;

     (2) the Trustee shall not be liable for any error of judgment made in good faith by a
Trust Officer unless it is proved that the Trustee was negligent in ascertaining the
pertinent facts; and

     (3) the Trustee shall not be liable with respect to any action it takes or omits to
take in good faith in accordance with a direction received by it pursuant to Section 6.05.

          (d) Every provision of this Indenture that in any way relates to the Trustee is subject to
paragraphs (a), (b) and (c) of this Section.

          (e) The Trustee shall not be liable for interest on any money received by it except as the
Trustee may agree in writing with the Company.

          (f) Money held in trust by the Trustee need not be segregated from other funds except to the
extent required by law.

27

 

          (g) No provision of this Indenture shall require the Trustee to expend or risk its own funds
or otherwise incur financial liability in the performance of any of its duties hereunder or in the
exercise of any of its rights or powers, if it shall have reasonable grounds to believe that
repayment of such funds or adequate indemnity against such risk or liability is not reasonably
assured to it.

          (h) Every provision of this Indenture relating to the conduct or affecting the liability of
or affording protection to the Trustee shall be subject to the provisions of this Section and to
the provisions of the TIA.

          SECTION 7.02. Rights of Trustee. (a) The Trustee may rely on any document believed
by it to be genuine and to have been signed or presented by the proper person. The Trustee need
not investigate any fact or matter stated in the document.

          (b) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate
or an Opinion of Counsel or both. The Trustee shall not be liable for any action it takes or omits
to take in good faith in reliance on the Officers’ Certificate or Opinion of Counsel.

          (c) The Trustee may act through agents and shall not be responsible for the misconduct or
negligence of any agent appointed with due care.

          (d) The Trustee shall not be liable for any action it takes or omits to take in good faith
which it believes to be authorized or within its rights or powers; provided,
however, that the Trustee’s conduct does not constitute wilful misconduct or negligence.

          (e) The Trustee may consult with counsel, and the advice or opinion of counsel with respect
to legal matters relating to this Indenture and the Securities, including any Opinion of Counsel,
shall be full and complete authorization and protection from liability in respect to any action
taken, omitted or suffered by it hereunder in good faith and in accordance with the advice or
opinion of such counsel, including any Opinion of Counsel.

          (f) The Trustee shall not be required to give any bond or surety in respect of the
performance of its powers and duties hereunder.

          (g) The Trustee shall not be bound to ascertain or inquire as to the performance or
observance of any covenants, conditions, or agreements on the part of the Company, except as
otherwise set forth herein, but the Trustee may require of the Company full information and advice
as to the performance of the covenants, conditions and agreements contained herein.

          (h) The permissive rights of the Trustee to do things enumerated in this Indenture shall not
be construed as a duty and, with respect to such permissive rights, the Trustee shall not be
answerable for other than its negligence or willful misconduct;

          (i) Except for a default under Sections 6.01(1) or (2) hereof, the Trustee shall not be
deemed to have notice or be charged with knowledge of any Default or Event

28

 

of Default with respect to the Securities of any Series unless a Trust Officer shall have
received from the Company or the Holders of not less than 25% in aggregate principal amount of the
Securities then outstanding of such Series of Securities written notice thereof at its address set
forth in Section 11.02 hereof, and such notice references such Securities and this Indenture. In
the absence of any such notice, the Trustee may conclusively assume that no Default or Event of
Default exists.

          (j) The Trustee shall be under no obligation to exercise any of the rights or powers vested
in it by this Indenture at the request or direction of any of the Holders pursuant to this
Indenture, unless such Holders shall have offered to the Trustee security or indemnity satisfactory
to it against the costs, expenses and liabilities which might be incurred by it in compliance with
such request or direction.

          (k) The rights, privileges, protections, immunities and benefits given to the Trustee,
including, without limitation, its right to be indemnified, are extended to, and shall be
enforceable by, the Trustee in each of its capacities hereunder.

          (l) In no event shall the Trustee be responsible or liable for any failure or delay in the
performance of its obligations hereunder arising out of or caused by, directly or indirectly,
forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts
of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of
God, and interruptions, loss or malfunctions of utilities, communications or computer (software and
hardware) services; it being understood that the Trustee shall use reasonable efforts which are
consistent with accepted practices in the banking industry to resume performance as soon as
practicable under the circumstances.

          SECTION 7.03. Individual Rights of Trustee. The Trustee in its individual or any
other capacity may become the owner or pledgee of Securities and may otherwise deal with the
Company or its Affiliates with the same rights it would have if it were not Trustee. Any Paying
Agent, Registrar, co-registrar or co-paying agent may do the same with like rights. However, the
Trustee must comply with Sections 7.10 and 7.11.

          SECTION 7.04. Trustee’s Disclaimer. The Trustee shall not be responsible for and
makes no representation as to the validity or adequacy of this Indenture or the Securities, it
shall not be accountable for the Company’s use of the proceeds from the Securities, and it shall
not be responsible for any statement of the Company in this Indenture or in any document issued in
connection with the sale of the Securities or in the Securities other than the Trustee’s
certificate of authentication.

          SECTION 7.05. Notice of Defaults. If a Default with respect to Securities of any
Series occurs and is continuing and is actually known to a Trust Officer, the Trustee shall mail to
each Holder of Securities of such Series notice of the Default within the earlier of 90 days after
it occurs or 30 days after it is actually known to a Trust Officer or written notice of it is
received by the Trustee. Except in the case of a Default in the payment of principal of or
interest (if any) on any Security of any Series (including

29

 

payments pursuant to the redemption provisions of such Security), the Trustee may withhold
notice if and so long as a committee of its Trust Officers in good faith determines that
withholding notice is in the interests of the Holders of that Series of Securities.

          SECTION 7.06. Reports by Trustee to Holders. Unless otherwise provided for a
particular Series of Securities by a resolution of the Board of Directors, a supplemental indenture
or an Officers’ Certificate, at the expense of the Company, as promptly as practicable after each
January 1 beginning with January 1, 2011, and in any event prior to March 1 in each such year, the
Trustee shall mail to each Holder a brief report dated as of such January 1 that complies with TIA
§ 313(a). The Trustee also shall comply with TIA § 313(b).

          A copy of each report at the time of its mailing to Holders shall be filed with the SEC and
each stock exchange (if any) on which the Securities are listed. The Company agrees to notify
promptly the Trustee whenever the Securities become listed on any stock exchange and of any
delisting thereof.

          SECTION 7.07. Compensation and Indemnity. The Company shall pay to the Trustee from
time to time reasonable compensation for its services as shall be agreed to in writing from time to
time by the Company and the Trustee. The Trustee’s compensation shall not be limited by any law on
compensation of a trustee of an express trust. The Company shall reimburse the Trustee upon
request for all reasonable out-of-pocket expenses incurred or made by it, including costs of
collection, in addition to the compensation for its services. Such expenses shall include the
reasonable compensation and expenses, disbursements and advances of the Trustee’s agents, counsel,
accountants and experts. The Company shall indemnify the Trustee, its agents, representatives,
officers, directors, employees and attorneys against any and all loss, liability or expense
(including reasonable compensation and expenses, disbursements and advances of the Trustee’s
counsel) incurred by it in connection with the administration of this trust and the performance of
its duties or in connection with the exercise or performance of any of its rights or powers
hereunder. The Trustee shall notify the Company promptly of any claim for which it may seek
indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its
obligations hereunder. The Company shall defend the claim and the Trustee shall provide reasonable
cooperation in such defense. The Trustee may have separate counsel and the Company shall pay the
fees and expenses of such counsel reasonably acceptable to the Company, provided,
however, that the Company shall not be required to pay such fees and expenses if the
Company assumes such defense unless there is a conflict of interest between the Company and the
Trustee in connection with such defense as determined by Trustee in consultation with counsel. The
Company need not reimburse any expense or indemnify against any loss, liability or expense incurred
by the Trustee through the Trustee’s own wilful misconduct, negligence or bad faith.

          To secure the Company’s payment obligations in this Section, the Trustee shall have a lien
prior to the Securities on all money or property held or collected by the

30

 

Trustee other than money or property held in trust to pay principal of and interest, if any,
on particular Securities.

          The Company’s payment obligations pursuant to this Section shall survive the resignation or
removal of the Trustee and the discharge of this Indenture. When the Trustee incurs expenses after
the occurrence of a Default specified in Section 6.01(5) or (6) with respect to the Company, the
expenses are intended to constitute expenses of administration under the Bankruptcy Law.

          SECTION 7.08. Replacement of Trustee. The Trustee may resign at any time with
respect to any Series of Securities by so notifying the Company. The Holders of a majority in
principal amount of the Securities of any Series may remove the Trustee by so notifying the Trustee
and may appoint a successor Trustee with respect to such Series of Securities. The Company shall
remove the Trustee if:

     (1) the Trustee fails to comply with Section 7.10;

     (2) the Trustee is adjudged bankrupt or insolvent;

     (3) a receiver or other public officer takes charge of the Trustee or its property; or

     (4) the Trustee otherwise becomes incapable of acting.

          If the Trustee resigns, is removed by the Company or by the Holders of a majority in principal
amount of the Securities of any Series and such Holders do not reasonably promptly appoint a
successor Trustee, or if a vacancy exists in the office of Trustee for any reason (the Trustee in
such event being referred to herein as the retiring Trustee), the Company shall promptly appoint a
successor Trustee.

          A successor Trustee shall deliver a written acceptance of its appointment to the retiring
Trustee and to the Company. Thereupon the resignation or removal of the retiring Trustee shall
become effective, and the successor Trustee shall have all the rights, powers and duties of the
Trustee under this Indenture. The successor Trustee with respect to any Series of Securities shall
mail a notice of its succession to Holders of Securities of that Series. The retiring Trustee
shall promptly transfer all property held by it as Trustee to the successor Trustee, subject to the
lien provided for in Section 7.07.

          If a successor Trustee does not take office within 60 days after the retiring Trustee resigns
or is removed, the retiring Trustee or the Holders of 10% in principal amount of the Securities of
that Series may petition any court of competent jurisdiction for the appointment of a successor
Trustee.

          If the Trustee fails to comply with Section 7.10, unless the Trustee’s duty to resign is
stayed as provided in TIA Section 310(b), any Holder of Securities of any Series may petition any
court of competent jurisdiction for the removal of the Trustee and the appointment of a successor
Trustee with respect to that Series of Securities.

31

 

          Notwithstanding the replacement of the Trustee pursuant to this Section, the Company’s
obligations under Section 7.07 shall continue for the benefit of the retiring Trustee.

          SECTION 7.09. Successor Trustee by Merger. If the Trustee consolidates with, merges
or converts into, or transfers all or substantially all its corporate trust business or assets to,
another corporation or banking association, the resulting, surviving or transferee corporation
without any further act shall be the successor Trustee.

          In case at the time such successor or successors by merger, conversion or consolidation to the
Trustee shall succeed to the trusts created by this Indenture any of the Securities shall have been
authenticated but not delivered, any such successor to the Trustee may adopt the certificate of
authentication of any predecessor trustee, and deliver such Securities so authenticated; and in
case at that time any of the Securities shall not have been authenticated, any successor to the
Trustee may authenticate such Securities either in the name of any predecessor hereunder or in the
name of the successor to the Trustee; and in all such cases such certificates shall have the full
force which it is anywhere in the Securities or in this Indenture provided that the certificate of
the Trustee shall have.

          SECTION 7.10. Eligibility; Disqualification. The Trustee shall at all times satisfy
the requirements of TIA § 310(a). The Trustee shall have a combined capital and surplus of at
least $50,000,000 as set forth in its most recent published annual report of condition. The
Trustee shall comply with TIA § 310(b); provided, however, that there shall be
excluded from the operation of TIA § 310(b)(1) any Series of Securities and any indenture or
indentures under which other securities or certificates of interest or participation in other
securities of the Company are outstanding if the requirements for such exclusion set forth in TIA §
310(b)(1) are met.

          SECTION 7.11. Preferential Collection of Claims Against Company. The Trustee shall
comply with TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b). A Trustee
who has resigned or been removed shall be subject to TIA § 311(a) to the extent indicated.

ARTICLE 8

Discharge of Indenture; Defeasance

          SECTION 8.01. Discharge of Liability on Securities; Defeasance. (a) Unless otherwise provided for in a resolution of the Board of Directors, a supplemental
indenture or an Officers’ Certificate, when (1) the Company delivers to the Trustee all outstanding
Securities of a Series (other than Securities replaced pursuant to Section 2.08) for cancellation
or (2) all outstanding Securities of a Series have become due and payable, whether at maturity or
on a redemption date as a result of the mailing of a notice of redemption pursuant to Article 3
hereof and, in the case of clause (2), the Company irrevocably deposits with the Trustee funds or
U.S. Government Obligations sufficient to pay at maturity or upon redemption all outstanding
Securities of such Series,

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including premium, if any, and interest, if any, thereon to maturity or such redemption date
(other than Securities replaced pursuant to Section 2.08), and if in either case the Company pays
all other sums payable under this Indenture by the Company, then this Indenture with respect to
such Series shall, subject to Section 8.01(c), cease to be of further effect with respect to such
Series of Securities. Upon satisfaction of the above conditions, the Trustee shall acknowledge
satisfaction and discharge of this Indenture with respect to such Series of Securities.

          (b) Unless otherwise provided for a particular Series of Securities by a resolution of the
Board of Directors, a supplemental indenture or an Officers’ Certificate, subject to Sections
8.01(c) and 8.02, the Company at any time may terminate (1) all its obligations under the
Securities of a Series and this Indenture with respect to such Series of Securities (“legal
defeasance option”) or (2) with respect to a Series of Securities, its obligations under Section
4.02 and the operation of Sections 6.01(5) and 6.01(6) (but, in the case of Sections 6.01(5) and
6.01(6), with respect only to Significant Subsidiaries) (“covenant defeasance option”). The
Company may exercise its legal defeasance option notwithstanding its prior exercise of its covenant
defeasance option.

          If the Company exercises its legal defeasance option with respect to a Series, payment of the
Securities of such Series may not be accelerated because of an Event of Default with respect to
such Series. If the Company exercises its covenant defeasance option with respect to any Series of
Securities, payment of the Securities of such Series may not be accelerated because of an Event of
Default with respect to such Series specified in Section 6.01(4) (with respect only to the
Company’s obligations under Section 4.02) and Sections 6.01(5) and 6.01(6) (in the case of Section
6.01(5) and 6.01(6), with respect only to Significant Subsidiaries). In the event that the Company
exercises its legal defeasance option or its covenant defeasance option, each Subsidiary Guarantor
will be released from all of its obligations with respect to its Subsidiary Guarantee.

          Upon satisfaction of the conditions set forth herein and upon request of the Company
accompanied by an Officers’ Certificate and an Opinion of Counsel complying with Section 11.04, the
Trustee shall acknowledge in writing the discharge of those obligations that the Company
terminates.

          (c) Notwithstanding clauses (a) and (b) above, the Company’s obligations in Sections 2.04,
2.05, 2.06, 2.07, 2.08, 2.09, 7.07 and 7.08 and in this Article 8 shall survive with respect to any
Series of Securities until the Securities of such Series have been paid in full. Thereafter, the
Company’s obligations in Sections 7.07, 8.04 and 8.05 shall survive.

          SECTION 8.02. Conditions to Defeasance. Unless otherwise provided for a particular
Series of Securities by a resolution of the Board of Directors, a supplemental indenture or an
Officers’ Certificate, the Company may exercise its legal defeasance option or its covenant
defeasance option with respect to any Series of Securities only if:

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     (1) the Company irrevocably deposits in trust with the Trustee money in U.S. dollars
in an amount sufficient or U.S. Government Obligations, the principal of and interest on
which shall be sufficient, or a combination thereof sufficient to pay the principal of and
interest, if any, in respect of the Securities of such Series to redemption or maturity, as
the case may be;

     (2) the Company delivers to the Trustee a certificate from a nationally recognized
investment bank, appraisal firm or firm of independent accountants expressing their opinion
that the payments of principal and interest when due and without reinvestment on the
deposited U.S. Government Obligations plus any deposited money without investment will
provide cash at such times and in such amounts as will be sufficient to pay principal and
interest, if any, when due on all the Securities of that Series to maturity or redemption,
as the case may be;

     (3) 91 days pass after the deposit is made and during the 91-day period no Default
specified in Sections 6.01(5) or (6) with respect to the Company occurs which is continuing
at the end of the period;

     (4) the deposit does not constitute a default under any other material agreement
binding on the Company;

     (5) the Company delivers to the Trustee an Opinion of Counsel to the effect that the
trust resulting from the deposit does not constitute, or is qualified as, a regulated
investment company under the Investment Company Act of 1940;

     (6) in the case of the legal defeasance option, the Company shall have delivered to
the Trustee an Opinion of Counsel stating that (A) the Company has received from, or there
has been published by, the Internal Revenue Service a ruling, or (B) since the date of this
Indenture there has been a change in the applicable Federal income tax law, in either case
to the effect that, and based thereon such Opinion of Counsel shall confirm that, the
Holders of Securities of such Series will not recognize income, gain or loss for Federal
income tax purposes as a result of such deposit and defeasance and will be subject to
Federal income tax on the same amounts, in the same manner and at the same times as would
have been the case if such deposit and defeasance had not occurred; and

     (7) in the case of the covenant defeasance option, the Company shall have delivered to
the Trustee an Opinion of Counsel to the effect that the Holders of Securities of such
Series will not recognize income, gain or loss for Federal income tax purposes as a result
of such deposit and covenant defeasance and will be subject to Federal income tax on the
same amounts, in the same manner and at the same times as would have been the case if such
deposit and covenant defeasance had not occurred.

          Before or after a deposit, the Company may make arrangements satisfactory to the Trustee for
the redemption of Securities of such Series at a future date in accordance with Article 3.

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          SECTION 8.03. Application of Trust Money. The Trustee shall hold in trust money or
U.S. Government Obligations deposited with it in respect of a Series of Securities pursuant to this
Article 8. It shall apply the deposited money and the money from U.S. Government Obligations, as
the case may be, through the Paying Agent and in accordance with this Indenture to the payment of
principal of and interest, if any, on the Securities of such Series.

          SECTION 8.04. Repayment to Company. The Trustee and the Paying Agent shall promptly
turn over to the Company upon request any excess money or securities held by them at any time.

          Subject to any applicable abandoned property law, the Trustee and the Paying Agent shall pay
to the Company upon request any money held by them for the payment of principal or interest that
remains unclaimed for two years, and, thereafter, Holders entitled to the money must look to the
Company for payment as general creditors.

          SECTION 8.05. Indemnity for Government Obligations. The Company shall pay and shall
indemnify the Trustee against any tax, fee or other charge imposed on or assessed against deposited
U.S. Government Obligations or the principal and interest received on such U.S. Government
Obligations.

          SECTION 8.06. Reinstatement. If the Trustee or Paying Agent is unable to apply any
money or U.S. Government Obligations in accordance with this Article 8 by reason of any legal
proceeding or by reason of any order or judgment of any court or governmental authority enjoining,
restraining or otherwise prohibiting such application, the Company’s and each Subsidiary
Guarantor’s obligations under this Indenture and each Subsidiary Guarantee with respect to such
Series of Securities shall be revived and reinstated as though no deposit had occurred pursuant to
this Article 8 until such time as the Trustee or Paying Agent is permitted to apply all such money
or U.S. Government Obligations in accordance with this Article 8; provided,
however, that, if the Company has made any payment of interest on or principal of any
Securities of a Series because of the reinstatement of its obligations, the Company shall be
subrogated to the rights of the Holders of such Securities to receive such payment from the money
or U.S. Government Obligations held by the Trustee or Paying Agent.

ARTICLE 9

Amendments

          SECTION 9.01. Without Consent of Holders. The Company, the Subsidiary Guarantors and
the Trustee may amend this Indenture or the Securities of any Series without notice to or consent
of any Holder:

     (1) to cure any ambiguity, omission, defect or inconsistency;

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     (2) to provide for the assumption by a successor corporation of the obligations of the
Company or any Subsidiary Guarantor under this Indenture in compliance with Article 5;

     (3) to provide for uncertificated Securities in addition to or in place of
certificated Securities; provided, however, that the uncertificated
Securities are issued in registered form for purposes of Section 163(f) of the Code or in a
manner such that the uncertificated Securities are described in Section 163(f)(2)(B) of the
Code;

     (4) to add Guarantees with respect to the Securities of such Series or to confirm and
evidence the release, termination or discharge of any such Guarantee when such release,
termination or discharge is permitted under this Indenture;

     (5) to add to the covenants of the Company for the benefit of the Holders of such
Series of Securities or to surrender any right or power herein conferred upon the Company;

     (6) to make any change that does not adversely affect the rights of any Holder in any
material respect, subject to the provisions of this Indenture;

     (7) to comply with any requirement of the SEC in connection with qualifying, or
maintaining the qualification of, this Indenture under the TIA;

     (8) to make any amendment to the provisions of this Indenture relating to form,
authentication, transfer and legending of such Series of Securities; provided,
however, that (A) compliance with this Indenture as so amended would not result in
such Securities being transferred in violation of the Securities Act or any other
applicable securities law and (B) such amendment does not materially affect the rights of
Holders to transfer such Securities;

     (9) to convey, transfer, assign, mortgage or pledge as security for the Securities of
such Series any property or assets;

     (10) in the case of subordinated Securities, to make any change in the provisions of
this Indenture relating to subordination that would limit or terminate the benefits
available to any holder of senior Indebtedness under such provisions (but only if each such
holder of senior Indebtedness consents to such change);

     (11) to add to, change, or eliminate any of the provisions of this Indenture with
respect to one or more Series of Securities, so long as any such addition, change or
elimination not otherwise permitted under this Indenture shall (A) neither apply to any
Security of any Series created prior to the execution of such supplemental indenture and
entitled to the benefit of such provision nor modify the rights of the Holders of any such
Security with respect to the benefit of such provision or (B) become effective only when
there is no such Security outstanding; and

36

 

     (12) to establish the initial form, authentication, transfer, legending or terms of
Securities and coupons of any Series pursuant to Article 2.

          After an amendment under this Section becomes effective, the Company shall mail to Holders of
each Series of Securities to which such amendment applies a notice briefly describing such
amendment. The failure to give such notice to all Holders, or any defect therein, shall not impair
or affect the validity of an amendment under this Section.

          SECTION 9.02. With Consent of Holders. (a) The Company, the Subsidiary Guarantors
and the Trustee may amend this Indenture with respect to any Series of Securities with the written
consent of the Holders of at least a majority in principal amount of the Securities of such Series
then outstanding, voting as a single class (including consents obtained in connection with a tender
offer or exchange for Securities of such Series). Any existing Default or compliance with any
provisions of this Indenture with respect to any Series of Securities may be waived with the
consent of the Holders of at least a majority in principal amount of the Securities of that Series
then outstanding voting as a single class, subject to the restrictions of Section 6.04 and this
Section 9.02. Notwithstanding the foregoing, without the consent of each Holder affected thereby,
an amendment or waiver may not:

     (1) reduce the amount of Securities of any Series whose Holders must consent to an
amendment;

     (2) reduce the rate of or extend the time for payment of interest on any Security;

     (3) reduce the principal of or extend the Stated Maturity of any Security;

     (4) reduce the premium, if any, payable upon the redemption of any Security or change
the time at which such Security may be redeemed;

     (5) make any Security payable in money or securities other than that stated in such
Security;

     (6) impair the right of any Holder to receive payment of principal of and interest on
such Holder’s Securities on or after the due dates therefor or to institute suit for the
enforcement of any payment on or with respect to such Holder’s Securities;

     (7) in the case of any subordinated Securities, or coupons appertaining thereto, make
any change in the provisions of this Indenture relating to subordination that adversely
affects the rights of any Holder under such provisions;

     (8) make any change in Section 6.04 or 6.07 or the second sentence of this Section
9.02; or

37

 

     (9) make any change in, or release other than in accordance with this Indenture, any
Subsidiary Guarantee that would adversely affect the Holders.

          (b) It shall not be necessary for the consent of the Holders of any Series to which an
amendment applies under this Section to approve the particular form of such proposed amendment, but
it shall be sufficient if such consent approves the substance thereof.

          After an amendment under this Section becomes effective, the Company shall mail to Holders of
any Series to which such amendment applies a notice briefly describing such amendment. The failure
to give such notice to all such Holders, or any defect therein, shall not impair or affect the
validity of an amendment under this Section.

          SECTION 9.03. Compliance with Trust Indenture Act. Every amendment to this Indenture
or the Securities shall comply with the TIA as then in effect.

          SECTION 9.04. Revocation and Effect of Consents and Waivers. A consent to an
amendment or a waiver by a Holder of a Security shall bind the Holder and every subsequent Holder
of that Security or portion of the Security that evidences the same debt as the consenting Holder’s
Security, even if notation of the consent or waiver is not made on the Security. However, any such
Holder or subsequent Holder may revoke the consent or waiver as to such Holder’s Security or
portion of the Security if the Trustee receives the notice of revocation before the date the
amendment or waiver becomes effective. After an amendment or waiver becomes effective, it shall
bind every Holder. An amendment or waiver becomes effective upon the execution of such amendment
or waiver by the Trustee.

          The Company may, but shall not be obligated to, fix a record date for the purpose of
determining the Holders entitled to give their consent or take any other action described above or
required or permitted to be taken pursuant to this Indenture. If a record date is fixed, then
notwithstanding the immediately preceding paragraph, those Persons who were Holders at such record
date (or their duly designated proxies), and only those Persons, shall be entitled to give such
consent or to revoke any consent previously given or to take any such action, whether or not such
Persons continue to be Holders after such record date. No such consent shall be valid or effective
for more than 120 days after such record date.

          SECTION 9.05. Notation on or Exchange of Securities. If an amendment changes the
terms of a Security, the Trustee may require the Holder of the Security to deliver it to the
Trustee. The Trustee may place an appropriate notation on the Security regarding the changed terms
and return it to the Holder. Alternatively, if the Company or the Trustee so determines, the
Company in exchange for the Security shall issue and the Trustee shall authenticate a new Security
that reflects the changed terms. Failure to make the appropriate notation or to issue a new
Security shall not affect the validity of such amendment.

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          SECTION 9.06. Trustee To Sign Amendments. The Trustee shall sign any amendment
authorized pursuant to this Article 9 if the amendment does not adversely affect the rights,
duties, liabilities or immunities of the Trustee. If it does, the Trustee may but need not sign
it. In signing such amendment the Trustee shall be entitled to receive indemnity reasonably
satisfactory to it and to receive, and (subject to Section 7.01) shall be fully protected in
relying upon, an Officers’ Certificate and an Opinion of Counsel stating that such amendment is
authorized or permitted by this Indenture.

          SECTION 9.07. Payment for Consent. Neither the Company nor any Affiliate of the
Company shall, directly or indirectly, pay or cause to be paid any consideration, whether by way of
interest, fee or otherwise, to any Holder for or as an inducement to any consent, waiver or
amendment of any of the terms or provisions of this Indenture or the Securities of any Series
unless such consideration is offered to be paid to all Holders of such Series that so consent,
waive or agree to amend in the time frame set forth in solicitation documents relating to such
consent, waiver or agreement.

ARTICLE 10

Subsidiary Guarantees

          SECTION 10.01. Guarantees. (a) Notwithstanding any provision in this Article 10 to
the contrary, the provisions of this Article 10 shall be applicable only to, and inure solely to
the benefit of, any Series of Securities designated, pursuant to Section 2.02, to be entitled to
the benefits of Subsidiary Guarantees of the Subsidiary Guarantors provided for in such Series of
Securities.

          (b) Each Subsidiary Guarantor hereby irrevocably and unconditionally guarantees, as a primary
obligor and not merely as a surety, the due and punctual payment and performance of all of the
Guaranteed Obligations of such Subsidiary Guarantor, jointly with the other Subsidiary Guarantors
and severally. Each of the Subsidiary Guarantors further agrees that its Guaranteed Obligations
may be extended or renewed, in whole or in part, without notice to or further assent from it, and
that it will remain bound upon its guarantee notwithstanding any extension or renewal of any such
Guaranteed Obligation. Each of the Subsidiary Guarantors waives presentment to, demand of payment
from and protest to the Company or any Subsidiary Guarantor of any of its Guaranteed Obligations,
and also waives notice of acceptance of its guarantee, notice of protest for nonpayment and all
similar formalities.

          (c) Each of the Subsidiary Guarantors further agrees that its guarantee hereunder constitutes
a guarantee of payment when due and not of collection, and waives any right to require that any
resort be had by the Trustee or any Holder to any security held for the payment of its Guaranteed
Obligations or to any balance of any deposit account or credit on the books of the Trustee or any
Holder in favor of the Company.

          (d) Except for termination of a Subsidiary Guarantor’s obligations hereunder or a release of
such Subsidiary Guarantor pursuant to Section 10.06, to the 

39

 

fullest extent permitted by applicable law, the obligations of each Subsidiary Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination for any
reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not
be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever by reason
of the invalidity, illegality or unenforceability of the Guaranteed Obligations of such Subsidiary
Guarantor or otherwise. Without limiting the generality of the foregoing, to the fullest extent
permitted by applicable law, the obligations of each Subsidiary Guarantor hereunder shall not be
discharged or impaired or otherwise affected by (i) the failure of the Trustee or any Holder to
assert any claim or demand or to enforce any right or remedy under the provisions of this Indenture
or otherwise; (ii) any rescission, waiver, amendment or modification of, or any release from any of
the terms or provisions of, this Indenture or any other agreement, including with respect to any
other Subsidiary Guarantor under this Agreement; (iii) any default, failure or delay, wilful or
otherwise, in the performance of the Guaranteed Obligations of such Subsidiary Guarantor; or (iv)
any other act or omission that may or might in any manner or to any extent vary the risk of such
Subsidiary Guarantor or otherwise operate as a discharge of such Subsidiary Guarantor as a matter
of law or equity (other than the indefeasible payment in full in cash of all the Guaranteed
Obligations of such Guarantor).

          (e) To the fullest extent permitted by applicable law, each Subsidiary Guarantor waives any
defense based on or arising out of any defense of the Company or any other Subsidiary Guarantor or
the unenforceability of the Guaranteed Obligations of such Subsidiary Guarantor or any part thereof
from any cause, or the cessation from any cause of the liability of the Company or any other
Subsidiary Guarantor, other than the indefeasible payment in full in cash of all the Guaranteed
Obligations of such Subsidiary Guarantor. The Trustee may, at its election, compromise or adjust
any part of the Guaranteed Obligations, make any other accommodation with the Company or any
Subsidiary Guarantor or exercise any other right or remedy available to them against the Company or
any Subsidiary Guarantor, in each case without affecting or impairing in any way the liability of
any Subsidiary Guarantor hereunder except to the extent the Guaranteed Obligations of such
Subsidiary Guarantor have been fully and indefeasibly paid in full in cash. To the fullest extent
permitted by applicable law, each Subsidiary Guarantor waives any defense arising out of any such
election even though such election operates, pursuant to applicable law, to impair or to extinguish
any right of reimbursement or subrogation or other right or remedy of such Subsidiary Guarantor
against the Company or any other Subsidiary Guarantor, as the case may be.

          (f) Each of the Subsidiary Guarantors agrees that its guarantee hereunder shall continue to
be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of
any Guaranteed Obligation of such Subsidiary Guarantor is rescinded or must otherwise be restored
by the Trustee upon the bankruptcy or reorganization of the Company, any other Subsidiary Guarantor
or otherwise.

          SECTION 10.02. Limitation on Liability. Any term or provision of this Indenture to
the contrary notwithstanding, the maximum aggregate amount of the Guaranteed Obligations guaranteed
hereunder by any Subsidiary Guarantor shall not exceed the maximum amount that can be hereby
guaranteed without rendering this 

40

 

Indenture, as it relates to such Subsidiary Guarantor, voidable
under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the rights
of creditors generally.

          SECTION 10.03. Successors and Assigns. This Article 10 shall be binding upon each
Subsidiary Guarantor and its successors and assigns and shall inure to the benefit of the
successors, transferees and assigns of the Trustee and the Holders and, in the event of any
transfer or assignment of rights by any Holder or the Trustee, the rights and privileges conferred
upon that party in this Indenture and in the Securities shall automatically extend to and be vested
in such transferee or assignee, all subject to the terms and conditions of this Indenture.

          SECTION 10.04. No Waiver. Neither a failure nor a delay on the part of either the
Trustee or the Holders in exercising any right, power or privilege under this Article 10 shall
operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or
further exercise of any right, power or privilege. The rights, remedies and benefits of the
Trustee and the Holders herein expressly specified are cumulative and not exclusive of any other
rights, remedies or benefits which either may have under this Article 10 at law, in equity, by
statute or otherwise.

          SECTION 10.05. Modification. No modification, amendment or waiver of any provision
of this Article 10, nor the consent to any departure by any Subsidiary Guarantor therefrom, shall
in any event be effective unless the same shall be in writing and signed by the Trustee, and then
such waiver or consent shall be effective only in the specific instance and for the purpose for
which given. No notice to or demand on any Subsidiary Guarantor in any case shall entitle such
Subsidiary Guarantor to any other or further notice or demand in the same, similar or other
circumstances.

          SECTION 10.06. Release of Subsidiary Guarantor. Unless otherwise provided for a
particular Series of Securities by a resolution of the Board of Directors, a supplemental indenture
or an Officers’ Certificate, a Subsidiary Guarantor shall be released from its obligations under
this Article 10 (other than any obligation that may have arisen under Section 10.07) with respect
to a Series of Securities:

     (1) upon the sale (including any sale pursuant to any exercise of remedies by a holder
of Indebtedness of the Company or of such Subsidiary Guarantor) or other disposition
(including by way of consolidation or merger) of a Subsidiary Guarantor;

     (2) upon the sale or disposition of all or substantially all the assets of such
Subsidiary Guarantor; or

     (3) upon the exercise by the Company of its legal defeasance option or its covenant
defeasance option with respect to such Series of Securities or if the Obligations of the
Company under the Indenture and such Series of Securities are discharged pursuant to
Article 8;

41

 

provided, however, that in the case of clauses (1) and (2) above, (i) such sale or
other disposition is made to a Person other than the Company or a Subsidiary of the Company and
(ii) such sale or disposition is otherwise permitted by this Indenture.

At the request of the Company, the Trustee shall execute and deliver an appropriate instrument
evidencing such release.

          SECTION 10.07. Contribution. Each Subsidiary Guarantor that makes a payment under
its Subsidiary Guarantee with respect to any Series of Securities shall be entitled upon payment in
full of all Guaranteed Obligations under this Indenture to a contribution from each other
Subsidiary Guarantor of such Series of Securities in an amount equal to such other Subsidiary
Guarantor’s pro rata portion of such payment based on the respective net assets of all the
Subsidiary Guarantors of such Series of Securities at the time of such payment determined in
accordance with GAAP.

ARTICLE 11

Miscellaneous

          SECTION 11.01. Trust Indenture Act Controls. If any provision of this Indenture
limits, qualifies or conflicts with another provision which is required to be included in this
Indenture by the TIA, the required provision shall control.

          SECTION 11.02. Notices. Any notice or communication shall be in writing and
delivered in person or mailed by first-class mail addressed as follows:

          if to the Company or any Subsidiary Guarantor:

The Goodyear Tire & Rubber Company

1144 East Market Street

Akron, Ohio 44316

fax: 330-796-2222

Attention of Treasurer

          if to the Trustee:

Wells Fargo Bank, N.A.

230 West Monroe Street, Suite 2900

Chicago, Illinois 60606

fax: 312-726-2158

Attention of Wells Fargo Corporate Trust Services

          The Company, any Subsidiary Guarantor or the Trustee by notice to the other may designate
additional or different addresses for subsequent notices or communications.

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          Any notice or communication mailed to a Holder shall be mailed to the Holder at the Holder’s
address as it appears on the registration books of the Registrar and shall be sufficiently given if
so mailed within the time prescribed.

          Failure to mail a notice or communication to a Holder or any defect in it shall not affect its
sufficiency with respect to other Holders. If a notice or communication is mailed in the manner
provided above, it is duly given, whether or not the addressee receives it.

          SECTION 11.03. Communication by Holders with Other Holders. Holders may communicate
pursuant to TIA § 312(b) with other Holders with respect to their rights under this Indenture or
the Securities of any Series. The Company, any Subsidiary Guarantor, the Trustee, the Registrar
and anyone else shall have the protection of TIA § 312(c).

          SECTION 11.04. Certificate and Opinion as to Conditions Precedent. Upon any request
or application by the Company to the Trustee to take or refrain from taking any action under this
Indenture, the Company shall furnish to the Trustee, to the extent reasonably requested by the
Trustee:

     (1) an Officers’ Certificate in form and substance reasonably satisfactory to the
Trustee stating that, in the opinion of the signers, all conditions precedent, if any,
provided for in this Indenture relating to the proposed action have been complied with; and

     (2) an Opinion of Counsel in form and substance reasonably satisfactory to the Trustee
stating that, in the opinion of such counsel, all such conditions precedent have been
complied with (provided, however, that such counsel may rely as to matters
of fact on Officers’ Certificates).

          SECTION 11.05. Statements Required in Certificate or Opinion. Each certificate
(other than a certificate delivered pursuant to Section 4.03) or opinion with respect to compliance
with a covenant or condition provided for in this Indenture shall include:

     (1) a statement that the individual making such certificate or opinion has read such
covenant or condition;

     (2) a brief statement as to the nature and scope of the examination or investigation
upon which the statements or opinions contained in such certificate or opinion are based;

     (3) a statement that, in the opinion of such individual, he has made such examination
or investigation as is necessary to enable him to express an informed opinion as to whether
or not such covenant or condition has been complied with; and

43

 

     (4) a statement as to whether or not, in the opinion of such individual, such covenant
or condition has been complied with.

          SECTION 11.06. When Securities Disregarded. In determining whether the Holders of
the required principal amount of Securities have concurred in any direction, waiver or consent,
Securities owned by the Company or by any Person directly or indirectly controlling or controlled
by or under direct or indirect common control with the Company shall be disregarded and deemed not
to be outstanding, except that, for the purpose of determining whether the Trustee shall be
protected in relying on any such direction, waiver or consent, only Securities which the Trustee
knows are so owned shall be so disregarded. Also, subject to the foregoing, only Securities
outstanding at the time shall be considered in any such determination.

          SECTION 11.07. Rules by Trustee, Paying Agent and Registrar. The Trustee may make
reasonable rules for action by or a meeting of Holders. The Registrar and the Paying Agent may
make reasonable rules for their functions.

          SECTION 11.08. Legal Holidays. If a payment date is a Legal Holiday, payment shall
be made on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for
the intervening period. If a regular record date is a Legal Holiday, the record date shall not be
affected.

          SECTION 11.09. Governing Law. This Indenture and the Securities shall be governed
by, and construed in accordance with, the laws of the State of New York without giving effect to
applicable principles of conflicts of law to the extent that the application of the law of another
jurisdiction would be required thereby.

          SECTION 11.10. No Recourse Against Others. A director, officer, employee or
shareholder, as such, of the Company or any Subsidiary Guarantor shall not have any liability for
any obligations of the Company under the Securities of any Series or this Indenture or of such
Subsidiary Guarantor under its Subsidiary Guarantee or this Indenture, or for any claim based on,
in respect of or by reason of such obligations or their creation. By accepting a Security, each
Holder shall waive and release all such liability. The waiver and release shall be part of the
consideration for the issue of the Securities.

          SECTION 11.11. Successors. All agreements of the Company in this Indenture and the
Securities shall bind its successors. All agreements of the Trustee in this Indenture shall bind
its successors.

          SECTION 11.12. Multiple Originals. The parties may sign any number of copies of this
Indenture. Each signed copy shall be an original, but all of them together represent the same
agreement. One signed copy is enough to prove this Indenture.

          SECTION 11.13. Table of Contents; Headings. The table of contents, cross-reference
sheet and headings of the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not intended to be considered a part
hereof and shall not modify or restrict any of the terms or provisions hereof.

44

 

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

	 	 	 	 	 
	 	THE GOODYEAR TIRE & RUBBER
COMPANY

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	WELLS FARGO BANK, N.A., as Trustee,

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

2

 

	 	 	 	 	 

	 	 	 	 	 
	 	SUBSIDIARY GUARANTORS

CELERON CORPORATION

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	DAPPER TIRE CO., INC.

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	DIVESTED COMPANIES HOLDING
COMPANY

 	 
	 	By  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	By  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

3

 

	 	 	 	 	 

	 	 	 	 	 
	 	DIVESTED LITCHFIELD PARK
PROPERTIES, INC.

 	 
	 	By  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	By  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	GOODYEAR CANADA INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	GOODYEAR EXPORT INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

4

 

	 	 	 	 	 

	 	 	 	 	 
	 	GOODYEAR FARMS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	GOODYEAR INTERNATIONAL
CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	GOODYEAR WESTERN HEMISPHERE
CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

5

 

	 	 	 	 	 

	 	 	 	 	 
	 	WHEEL ASSEMBLIES INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	WINGFOOT COMMERCIAL TIRE
SYSTEMS, LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	WINGFOOT VENTURES EIGHT INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

6exv4w1

Exhibit 4.1

EXECUTION VERSION

 

Henry Schein, Inc.

NEW YORK LIFE INSURANCE COMPANY

 

$150,000,000 Master Note Facility

 

Dated August 9, 2010

 

 

 

Table of Contents

	 	 	 	 	 	 	 
	Section	 	Heading	 	Page	 
	Section 1.
	 	Authorization of Notes	 	 	1	 
	Section 1.1.
	 	Authorization	 	 	1	 
	 
	 	 	 	 	 	 
	Section 2.
	 	Note Facility	 	 	2	 
	Section 2.1.
	 	Facility	 	 	2	 
	Section 2.2.
	 	Issuance Period	 	 	2	 
	Section 2.3.
	 	Periodic Spread Information	 	 	2	 
	Section 2.4.
	 	Request for Purchase	 	 	3	 
	Section 2.5.
	 	Spread Quotes	 	 	4	 
	Section 2.6.
	 	Acceptance	 	 	4	 
	Section 2.7.
	 	Market Disruption	 	 	4	 
	Section 2.8.
	 	Refund Of Facility Fee	 	 	4	 
	 
	 	 	 	 	 	 
	Section 3.
	 	Closings	 	 	5	 
	Section 3.1.
	 	Facility Closings	 	 	5	 
	Section 3.2.
	 	Facility Fee	 	 	5	 
	 
	 	 	 	 	 	 
	Section 4.
	 	Conditions to Closing	 	 	5	 
	Section 4.1.
	 	Representations and Warranties	 	 	5	 
	Section 4.2.
	 	Performance; No Default	 	 	6	 
	Section 4.3.
	 	Compliance Certificates	 	 	6	 
	Section 4.4.
	 	Opinions of Counsel	 	 	6	 
	Section 4.5.
	 	Purchase Permitted By Applicable
Law, Etc.	 	 	6	 
	Section 4.6.
	 	Payment of Fees	 	 	6	 
	Section 4.7.
	 	Private Placement Number	 	 	7	 
	Section 4.8.
	 	Changes in Corporate Structure	 	 	7	 
	Section 4.9.
	 	Funding Instructions	 	 	7	 
	Section 4.10.
	 	Other Conditions	 	 	7	 
	Section 4.11.
	 	Financial Statements	 	 	7	 
	Section 4.12.
	 	Proceedings	 	 	7	 
	Section 4.13.
	 	Closing Documents	 	 	7	 
	 
	 	 	 	 	 	 
	Section 5.
	 	Representations and Warranties of the Company	 	 	8	 
	Section 5.1.
	 	Financial Condition	 	 	8	 
	Section 5.2.
	 	No Material Adverse Change	 	 	9	 
	Section 5.3.
	 	Organization; Powers	 	 	9	 
	Section 5.4.
	 	Authorization; Enforceability	 	 	9	 
	Section 5.5.
	 	No Conflicts	 	 	10	 
	Section 5.6.
	 	No Material Litigation	 	 	10	 
	Section 5.7.
	 	Compliance with Laws and Agreements	 	 	10	 
	Section 5.8.
	 	Taxes	 	 	10	 
	Section 5.9.
	 	Use of Proceeds; Margin Regulations	 	 	11	 
	Section 5.10.
	 	Environmental Matters	 	 	11	 
	Section 5.11.
	 	Disclosure	 	 	11	 
	Section 5.12.
	 	Ownership of Property: Liens	 	 	11	 
	Section 5.13.
	 	Compliance with ERISA	 	 	11	 
	Section 5.14.
	 	Subsidiaries	 	 	12	 
	Section 5.15.
	 	Investment and Holding Company Status	 	 	13	 
	Section 5.16.
	 	Guarantors	 	 	13	 

 

 

	 	 	 	 	 	 	 
	Section	 	Heading	 	Page	 
	Section 5.17.
	 	Private Offering by the Company	 	 	13	 
	Section 5.18.
	 	Foreign Assets Control Regulations,
Etc.	 	 	13	 
	Section 5.19.
	 	Status under Certain Statutes	 	 	13	 
	Section 5.20.
	 	Prudential Note Agreement	 	 	13	 
	 
	 	 	 	 	 	 
	Section 6.
	 	Representations of the Purchasers	 	 	14	 
	Section 6.1.
	 	Purchase for Investment	 	 	14	 
	Section 6.2.
	 	Source of Funds	 	 	14	 
	Section 6.2.
	 	Accredited Investor/QIB Status	 	 	15	 
	 
	 	 	 	 	 	 
	Section 7.
	 	Information as to Company	 	 	15	 
	Section 7.1.
	 	Financial Statements	 	 	16	 
	Section 7.2.
	 	Certificates; Other Information	 	 	17	 
	 
	 	 	 	 	 	 
	Section 8.
	 	Payment and Prepayment of the Notes	 	 	17	 
	Section 8.1.
	 	Required Prepayments; Maturity	 	 	17	 
	Section 8.2.
	 	Optional Prepayments	 	 	17	 
	Section 8.3.
	 	Allocation of Partial Prepayments	 	 	18	 
	Section 8.4.
	 	Maturity; Surrender, Etc.	 	 	18	 
	Section 8.5.
	 	Purchase of Notes	 	 	18	 
	Section 8.6.
	 	Offer to Prepay Notes in the Event of a Change in Control or Full Prepayment Asset Disposition	 	 	18	 
	Section 8.7.
	 	Make-Whole Amount	 	 	20	 
	 
	 	 	 	 	 	 
	Section 9.
	 	Affirmative Covenants	 	 	21	 
	Section 9.1.
	 	Conduct of Business and Maintenance of Existence	 	 	21	 
	Section 9.2.
	 	Payment of Obligations	 	 	22	 
	Section 9.3.
	 	Maintenance of Properties	 	 	22	 
	Section 9.4.
	 	Maintenance of Insurance	 	 	22	 
	Section 9.5.
	 	Books and Records	 	 	22	 
	Section 9.6.
	 	Inspection Rights	 	 	22	 
	Section 9.7.
	 	Compliance with Laws	 	 	23	 
	Section 9.8.
	 	Use of Proceeds	 	 	23	 
	Section 9.9.
	 	Notices	 	 	23	 
	Section 9.10.
	 	Guarantors	 	 	24	 
	Section 9.11.
	 	Pari Passu Status	 	 	24	 
	Section 9.12
	 	Covenant to Secure Notes Equally	 	 	24	 
	Section 9.13
	 	Restricted And Unrestricted Subsidiaries	 	 	24	 
	 
	 	 	 	 	 	 
	Section 10.
	 	Negative Covenants	 	 	26	 
	Section 10.1
	 	Consolidated Leverage Ratio	 	 	26	 
	Section 10.2
	 	Limitations on Liens	 	 	26	 
	Section 10.3.
	 	Limitation on Indebtedness	 	 	28	 
	Section 10.4.
	 	Fundamental Changes	 	 	29	 
	Section 10.5.
	 	Dispositions	 	 	30	 
	Section 10.6.
	 	ERISA	 	 	31	 
	Section 10.7.
	 	Transactions with Affiliates	 	 	31	 
	Section 10.8.
	 	Restrictive Agreements	 	 	32	 
	Section 10.9.
	 	Line of Business	 	 	32	 
	Section 10.10.
	 	Terrorism Sanctions Regulations	 	 	32	 
	 
	 	 	 	 	 	 
	Section 11.
	 	Events of Default	 	 	32	 
	 
	 	 	 	 	 	 
	Section 12.
	 	Remedies on Default, Etc.	 	 	34	 

- ii -

 

	 	 	 	 	 	 	 
	Section	 	Heading	 	Page	 
	Section 12.1.
	 	Acceleration	 	 	34	 
	Section 12.2.
	 	Other Remedies	 	 	35	 
	Section 12.3.
	 	Rescission	 	 	35	 
	Section 12.4.
	 	No Waivers or Election of Remedies,
Expenses, Etc.	 	 	36	 
	 
	 	 	 	 	 	 
	Section 13.
	 	Registration; Exchange; Substitution of Notes	 	 	36	 
	Section 13.1.
	 	Registration of Notes	 	 	36	 
	Section 13.2.
	 	Transfer and Exchange of Notes	 	 	36	 
	Section 13.3.
	 	Replacement of Notes	 	 	37	 
	 
	 	 	 	 	 	 
	Section 14.
	 	Payments on Notes	 	 	37	 
	Section 14.1.
	 	Place of Payment	 	 	37	 
	Section 14.2.
	 	Home Office Payment	 	 	37	 
	 
	 	 	 	 	 	 
	Section 15.
	 	Expenses, Etc.	 	 	38	 
	Section 15.1.
	 	Transaction Expenses	 	 	38	 
	Section 15.2.
	 	Survival	 	 	39	 
	 
	 	 	 	 	 	 
	Section 16.
	 	Survival of Representations and Warranties; Entire Agreement	 	 	39	 
	 
	 	 	 	 	 	 
	Section 17.
	 	Amendment and Waiver	 	 	39	 
	Section 17.1.
	 	Requirements	 	 	39	 
	Section 17.2.
	 	Solicitation of Holders of Notes	 	 	39	 
	Section 17.3.
	 	Binding Effect, etc.	 	 	40	 
	Section 17.4.
	 	Notes Held by Company, etc.	 	 	40	 
	 
	 	 	 	 	 	 
	Section 18.
	 	Notices	 	 	40	 
	 
	 	 	 	 	 	 
	Section 19.
	 	Reproduction of Documents	 	 	41	 
	 
	 	 	 	 	 	 
	Section 20.
	 	Confidential Information	 	 	41	 
	 
	 	 	 	 	 	 
	Section 21.
	 	Substitution of Purchaser	 	 	42	 
	 
	 	 	 	 	 	 
	Section 22.
	 	Miscellaneous	 	 	43	 
	Section 22.1.
	 	Successors and Assigns	 	 	43	 
	Section 22.2.
	 	Payments Due on Non-Business Days	 	 	43	 
	Section 22.3.
	 	Accounting Terms	 	 	43	 
	Section 22.4.
	 	Severability	 	 	43	 
	Section 22.5.
	 	Construction, etc.	 	 	43	 
	Section 22.6.
	 	Counterparts	 	 	43	 
	Section 22.7.
	 	Governing Law	 	 	44	 
	Section 22.8.
	 	Jurisdiction and Process; Waiver of Jury Trial	 	 	44	 

- iii -

 

	 	 	 	 	 

	Schedule A
	 	—	 	Defined Terms
	 
	 	 	 	 
	Schedule B
	 	—	 	Address for Notices to New York Life 
	 
	 	 	 	 
	Schedule 5.14
	 	—	 	Subsidiaries and Equity Investments
	 
	 	 	 	 
	Schedule 10.2
	 	—	 	Existing Liens
	 
	 	 	 	 
	Schedule 10.3
	 	—	 	Existing Indebtedness
	 
	 	 	 	 
	Schedule 10.8
	 	—	 	Existing Restrictive Agreements
	 
	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	Exhibit A
	 	—	 	Form of Note
	 
	 	 	 	 
	Exhibit B
	 	—	 	Form of Request for Purchase
	 
	 	 	 	 
	Exhibit C
	 	—	 	Form of Confirmation of Acceptance
	 
	 	 	 	 
	Exhibit D
	 	—	 	Form of Opinion of Special Counsel for the Company

- iv -

 

Henry Schein, Inc.

135 Duryea Road

Melville, New York 11747

August 9, 2010

New York Life Investment Management LLC

51 Madison Avenue, 2nd Floor

New York, New York 10010

Ladies and Gentlemen:

     Henry Schein, Inc. a Delaware corporation (the “Company”), agrees with New York Life
Investment Management LLC, a Delaware limited liability company (“New York Life”) and each New York
Life Affiliate (as defined herein) which becomes bound by this Agreement as provided herein (each,
a “Purchaser” and, collectively, the “Purchasers”) as follows. Certain capitalized and other terms
used in this Agreement are defined in Schedule A; references to a “Schedule” or an “Exhibit” are to
a Schedule or an Exhibit attached to this Agreement unless otherwise specified, and references to
any time of day are to New York City local time unless otherwise specified.

Section 1. Authorization of Notes.

     Section 1.1. Authorization. The Company may, from time to time and in accordance with the
terms of this Agreement, authorize the issue of senior promissory notes (the “Notes”) in an
aggregate outstanding principal amount not to exceed $150,000,000 at any time, each to be dated the
date of its issue, bearing interest on the unpaid balance from the date of original issuance at the
rate per annum as provided by the terms of this Agreement, to mature no more than 15 years after
the date of original issuance and to have an average life of no more than 12 years after the date
of original issuance. Each Note will also be subject to the other terms of that Note as described
in the Confirmation of Acceptance for the Note delivered pursuant to Section 2.6. Each Note will
be substantially in the form of attached Exhibit A and the term “Note” and “Notes” as used in this
Agreement includes each Note delivered pursuant to any provision of this Agreement and each Note
delivered in substitution or exchange for any Note pursuant to any such provision. Notes that have
(a) the same final maturity, (b) the same principal prepayment dates, (c) the same principal
prepayment amounts (as a percentage of the original principal amount of each Note), (d) the same
interest rate, (e) the same interest payment periods, and (f) the same date of issuance (which, in
the case of a Note issued in exchange for another Note, is deemed for these purposes the date on
which such Note’s ultimate predecessor Note was issued), are a “Series” of Notes.

 

 

Section 2. Note Facility.

     Section 2.1. Facility. New York Life is willing to consider from time to time, in its sole
discretion and within limits that may be authorized for purchase by New York Life and New York Life
Affiliates, the purchase of Notes pursuant to this Agreement. The willingness of New York Life to
consider such purchase of Notes is the “Facility.” NOTWITHSTANDING THE WILLINGNESS OF NEW YORK
LIFE TO CONSIDER PURCHASES OF NOTES BY NEW YORK LIFE OR NEW YORK LIFE AFFILIATES, THIS AGREEMENT IS
ENTERED INTO ON THE EXPRESS UNDERSTANDING THAT NEITHER NEW YORK LIFE NOR ANY NEW YORK LIFE
AFFILIATE WILL BE OBLIGATED TO MAKE OR ACCEPT OFFERS TO PURCHASE NOTES, OR, EXCEPT AS EXPRESSLY SET
FORTH IN THIS SECTION 2, TO QUOTE RATES, SPREADS OR OTHER TERMS WITH RESPECT TO SPECIFIC PURCHASES
OF NOTES, AND THE FACILITY IS NOT TO BE CONSTRUED AS A COMMITMENT BY NEW YORK LIFE OR ANY NEW YORK
LIFE AFFILIATE.

     Section 2.2. Issuance Period. Notes may be issued and sold pursuant to this Agreement until
the earlier of:

     (a) the third anniversary of the date of this Agreement (or if such anniversary is not a
Business Day, the Business Day next preceding that anniversary);

     (b) the thirtieth day after New York Life gives to the Company, or the Company gives to New
York Life, written notice stating that it elects to terminate the issuance and sale of Notes
pursuant to this Agreement (or if such thirtieth day is not a Business Day, the Business Day next
preceding such thirtieth day);

     (c) the Closing Date after which there is no Available Facility Amount;

     (d) the termination of the Facility under Section 12.1 of this Agreement; and

     (e) the acceleration of any Note under Section 12.1 of this Agreement.

The period during which Notes may be issued and sold pursuant to this Agreement is the “Issuance
Period.”

     Section 2.3. Periodic Spread Information. On any Business Day during the Issuance Period and
when an Available Facility Amount exists, the Company may request by e-mail or telephone to New
York Life, and New York Life will, to the extent reasonably practicable, provide to the Company on
that Business Day (if such request is received not later than 9:30 A.M.) or on the following
Business Day (if such request is received after 9:30 A.M.) information by e-mail or telephone with
respect to various spreads at which New York Life Affiliates might be interested in purchasing
Notes of different average lives. The Company, however, will not make such a
request more frequently than once in every Business Day or such other period as mutually agreed to
by the Company and New York Life. The amount and content of information to be provided is in the
sole discretion of New York Life, but it is the intent of New York Life to

-2-

 

provide information that will be of use to the Company in determining whether to submit a Request
for Purchase under Section 2.4. The delivery of the information requested is not an offer to
purchase Notes, and neither New York Life nor any New York Life Affiliate is obligated to purchase
Notes at the spreads specified. New York Life may suspend or terminate providing information
pursuant to this Section 2.3 for any reason in its sole discretion, including its determination
that the credit quality of the Company has declined since the date of this Agreement.

     Section 2.4. Request for Purchase. The Company may, from time to time during the Issuance
Period, make requests for purchases of Notes (each request is called a “Request for Purchase”).
Each Request for Purchase will be made to New York Life by e-mail or overnight delivery service,
and must:

     (a) specify the aggregate principal amount of Notes covered by the Request for Purchase, in an
amount not less than $20,000,000 and not greater than the Available Facility Amount at the time the
Request for Purchase is made;

     (b) specify the principal amounts, final maturities (which are no more than 15 years from the
date of issuance), average life (which is no more than 12 years from the date of issuance) and
principal prepayment dates (if any) of the Notes covered by the Request for Purchase;

     (c) specify whether interest payments on such Notes are to be made quarterly or semi-annually
in arrears;

     (d) specify the use or uses of proceeds of such Notes;

     (e) specify the proposed Closing Date for such Notes, which will be a Business Day during the
Issuance Period not less than 10 days and not more than 20 days (or as otherwise agreed) after the
making of that Request for Purchase;

     (f) attach replacement Schedules 5.11 and 5.14 of this Agreement (the “Updated Schedules”), to
the extent the Company proposes a change to the then existing corresponding Schedules, marked to
show changes from such Schedules,

     (g) certify that after giving effect to the replacement of Schedules 5.11 and 5.14 with the
Updated Schedules, the representation and warranties contained in Section 5 are true in all
material respects (other than those representations and warranties that are expressly qualified by
a Material Adverse Effect, in which case such representations and warranties shall be true and
correct in all respects) on and as of the date of such Request for Purchase and that there exists
on the date of such Request for Purchase no Default or Event of Default; and

     (h) be substantially in the form of the attached Exhibit B.

Each Request for Purchase must be in writing and will be deemed made when received by New York
Life.

-3-

 

     Section 2.5. Spread Quotes. Not later than five Business Days after New York Life receives a
Request for Purchase pursuant to Section 2.4, New York Life may, but is under no obligation to,
provide to the Company by telephone or e-mail, in each case between 9:30 A.M. and 1:30 P.M. (or
such later time as New York Life may elect) quotes for interest rate spreads for the several
principal amounts, maturities, principal prepayment schedules, and interest payment periods
(whether quarterly or semi-annually) of Notes specified in that Request for Purchase. Spreads
quoted for Notes shall be spreads over U.S. Treasury securities closest to the maturities specified
in the Request for Purchase or an interpolated maturity. Each quote will represent the interest
rate spread per annum at which a New York Life Affiliate would be willing to purchase such Notes at
100% of the principal amount thereof.

     Section 2.6. Acceptance. By 11 a.m. on next Business Day after New York Life provides
interest rate spread quotes pursuant to Section 2.5 or such shorter period as New York Life may
specify to the Company (such period, the “Acceptance Window”), the Company may, subject to Section
2.7, elect to accept those quotes as to not less than $20,000,000 aggregate principal amount of the
Notes specified in the related Request for Purchase. Each election must be made by a Responsible
Officer of the Company, notifying New York Life by telephone or e-mail within the Acceptance Window
that the Company elects to accept a spread quote, specifying the Notes (each such Note being an
“Accepted Note”) as to which such acceptance (the “Acceptance”) relates. By the close of business
on the day of such Acceptance or as mutually agreed between such parties, the Company and New York
Life shall agree (and shall each be required to agree based on customary interest rate
determination practices) on the interest rate for the Accepted Notes based on such spread quote.
The day an interest rate is agreed with respect to Accepted Notes is the “Acceptance Day” for such
Accepted Notes. Any quotes as to which New York Life does not receive an Acceptance within the
Acceptance Window or which do not result in an agreement as to an interest rate will expire, and no
purchase or sale of Notes will be made based on those expired quotes. Subject to Section 2.7 and
the other terms and conditions of this Agreement with respect to the applicable Closing Date, the
Company will sell to New York Life or a New York Life Affiliate, and New York Life or a New York
Life Affiliate will purchase the Accepted Notes at 100% of the principal amount of those Accepted
Notes. Within three Business Days following the Acceptance Day, New York Life will deliver to the
Company a duly completed and executed confirmation of the Acceptance substantially in the form of
Exhibit C (the “Confirmation of Acceptance”). If the Company does not execute and deliver such
Confirmation of Acceptance within four Business Days following the Acceptance Day, New York Life or
any New York Life Affiliate may, at its election, cancel the purchase and sale with respect to
those Accepted Notes by notifying the Company in writing.

     Section 2.7. Market Disruption. Notwithstanding any other provision of this Agreement, if New
York Life provides quotes pursuant to Section 2.5, and a Market Disruption occurs prior to
agreement of the interest rate for Accepted Notes in accordance with Section 2.6, then such quotes
will expire, and no purchase or
sale of Notes will be made (or be required to be made) based on those expired quotes. If after the
occurrence of any such Market Disruption the Company notifies New York Life of the Acceptance of
such quotes, such Acceptance will be ineffective for all purposes of this Agreement, and New York
Life will promptly notify the Company that the provisions of this Section 2.7 are applicable with
respect to such Acceptance.

-4-

 

“Market Disruption” means the occurrence of any of the following: (a) the domestic market for U.S.
Treasury securities has closed, or (b) a general suspension, or significant disruption of trading
in securities generally on the New York Stock Exchange or in the domestic market for U.S. Treasury
securities.

     Section 2.8 Refund of Facility Fee. If New York Life elects to terminate the Issuance Period
pursuant to Section 2.2(b) of this Agreement on or before February 9, 2011, New York Life shall
promptly refund to the Company an amount equal to the Refund Percentage (calculated as of the date
such termination is effective) of the Facility Fee in cash to the following account of the Company:
BNY Mellon Bank, Pittsburgh, PA 15262, ABA No.: 043000261, Account Name: Henry Schein Inc.,
Account Number: 078-5506, Reference: Private Placement or such other account as the Company shall
designate in writing to New York Life.

Section 3. Closings.

     Section 3.1. Facility Closings. Not later than 11:30 A.M. on the Closing Date for any
Accepted Notes, the Company will deliver to each Purchaser the Accepted Notes to be purchased by
such Purchaser in the form of one or more Notes in authorized denominations as such Purchaser may
request in writing. The Accepted Notes will be dated the Closing Date and registered in the
Purchaser’s name (or in the name of its designated nominee or nominees, if any), delivered against
payment of the purchase price thereof by transfer of immediately available funds. If the Company
fails to tender an Accepted Note prior to 11:30 A.M. on the scheduled Closing Date for those
Accepted Notes or on such other Business Day thereafter during the Issuance Period as may be agreed
upon by the Company and New York Life or any of the conditions specified in Section 4 are not
fulfilled by such time, New York Life and each Purchaser may cancel such purchase and sale, without
waiving any rights that New York Life or such Purchaser may have by reason of such failure or
non-fulfillment, including any right pursuant to Section 15.1 to require payment of reasonable,
documented and invoiced transaction expenses by the Company.

     Section 3.2. Facility Fee. On the date of this Agreement, the Company will pay to New York
Life in immediately available funds a fee (the “Facility Fee”) in an amount equal to $75,000.

     Section 3.3. Updates to Schedules. Upon the issuance of any Series of Notes, any Updated
Schedules attached to the Request for Purchase for such Series of Notes shall be deemed to replace
automatically the then existing corresponding Schedules to this Agreement in their entirety.

Section 4. Conditions to Closing.

     Each Purchaser’s obligation to purchase and pay for the Notes to be sold to such Purchaser at
any Closing is subject to the fulfillment to such Purchaser’s reasonable satisfaction, prior to or
at such Closing, of the following conditions:

     Section 4.1. Representations and Warranties. The representations and warranties of the
Company in this Agreement, after giving effect to the replacement of Schedules 5.11 and

-5-

 

5.14, if
any, with the Updated Schedules attached to the Request for Purchase for such Notes, shall be
correct in all material respects (other than those representations and warranties that are
expressly qualified by a Material Adverse Effect, in which case such representations and warranties
shall be true and correct in all respects) when made and at the time of such Closing, except to the
extent that such representations and warranties specifically refer to an earlier date, in which
case they shall be true and correct (in all material respects as applicable) as of such earlier
date.

     Section 4.2. Performance; No Default. The Company shall have performed and complied in all
material respects with all agreements and conditions contained in this Agreement required to be
performed or complied with by it prior to or at such Closing and, after giving effect to the issue
and sale of the Notes to be purchased (and the application of the proceeds thereof as contemplated
by the related Request for Purchase), no Default or Event of Default shall have occurred and be
continuing.

     Section 4.3. Compliance Certificates.

     (a) Officer’s Certificate. The Company shall have delivered to such Purchaser an Officer’s
Certificate, dated the Closing Date, certifying that the conditions specified in Sections 4.1, 4.2
and 4.8 have been fulfilled.

     (b) Secretary’s Certificate. The Company shall have delivered to such Purchaser a certificate
of its Secretary or Assistant Secretary, dated the Closing Date, certifying as to the resolutions
attached thereto, incumbency of applicable officers and other corporate proceedings relating to the
authorization, execution and delivery of related Notes.

     Section 4.4. Opinions of Counsel. Such Purchaser shall have received opinions in form and
substance reasonably satisfactory to such Purchaser, dated the Closing Date (a) from Proskauer Rose
LLP (or successor counsel), special counsel for the Company, covering the matters set forth in
Exhibit D and covering such other matters incident to the transactions contemplated hereby as such
Purchaser or its counsel may reasonably request (and the Company hereby instructs its counsel to
deliver such opinion to the Purchasers) and (b) from King & Spalding LLP (or successor counsel),
the Purchasers’ special counsel in connection with such transactions, in a form acceptable to the
Purchasers and covering such other matters incident to such transactions as such Purchaser may
reasonably request.

     Section 4.5. Purchase Permitted By Applicable Law, Etc. On the Closing Date such Purchaser’s
purchase of Notes shall (a) be permitted by the laws and regulations of each jurisdiction to which
such Purchaser is subject, without recourse to provisions (such as section 1405(a)(8) of the New
York Insurance Law) permitting limited investments by insurance companies without restriction as to
the character of the particular investment, and (b) not violate any applicable law or
regulation (including, without limitation, Regulation T, U or X of the Board of Governors of
the Federal Reserve System).

     Section 4.6. Payment of Fees. Without limiting the provisions of Section 15.1, the Company
shall have paid on or before the Closing all reasonable, documented and invoiced fees,

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charges and
disbursements of the Purchasers’ special counsel referred to in Section 4.4 to the extent reflected
in a statement of such counsel rendered to the Company at least one Business Day prior to the
Closing Date.

     Section 4.7. Private Placement Number. A Private Placement Number issued by Standard & Poor’s
CUSIP Service Bureau (in cooperation with the SVO) shall have been obtained for the Notes to be
purchased.

     Section 4.8. Changes in Corporate Structure. The Company shall not have changed its
jurisdiction of incorporation or organization, as applicable, or been a party to any merger or
consolidation or succeeded to all or any substantial part of the liabilities of any other entity,
except to the extent permitted under Section 10.4, at any time following the date of the most
recent financial statements referred to in Section 5.1.

     Section 4.9. Funding Instructions. At least two Business Days prior to the Closing Date, each
Purchaser shall have received written instructions signed by a Responsible Officer on letterhead of
the Company confirming (i) the name and address of the transferee bank, (ii) such transferee bank’s
ABA number and (iii) the account name and number into which the purchase price for the Notes is to
be deposited.

     Section 4.10. Other Conditions. Any special conditions to such purchase which may be
specified by New York Life and agreed to by the Company at or prior to the time of the Confirmation
of Acceptance, such as repayment of existing Indebtedness, shall have been fulfilled.

     Section 4.11. Financial Statements. Such Purchaser shall have received financial statements
of the type described in Section 7.1(a) and (b) for all periods ending after December 26, 2009 and
prior to the 90th day preceding the Closing Date.

     Section 4.12. Proceedings. All corporate or similar authorizations by the Company and each
Guarantor required for the issuance, purchase and sale of the Notes by the Company and for the
execution, delivery and performance of all documents and instruments required to consummate such
transactions shall be reasonably satisfactory to such Purchaser and its special counsel.

     Section 4.13. Closing Documents. Such Purchaser shall have received the following, each dated
the Closing Date and in form and substance reasonably satisfactory to such Purchaser:

     (a) The Note(s) to be purchased by such Purchaser, duly executed by an Responsible
Officer of the Company.

     (b) A good standing certificate for the Company from the Secretary of State of
Delaware, and from each Guarantor from the Secretary of State of the state of its
organization, in each case dated of a recent date and such other evidence of the status of
the Company as the Purchaser may reasonably request.

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     (c) Duly executed counterparts to a Guaranty Agreement in a form acceptable to such Purchaser from
each Restricted Subsidiary of the Company that is either (x) a guarantor of the obligations
of the Company or any Restricted Subsidiary under a Principal Debt Facility, (y) a borrower
or other obligor under a Principal Debt Facility or (z) a guarantor of other Notes.

     (d) Such documents and certifications as the Purchasers may reasonably require at least
3 Business Days prior to the Closing Date to evidence that the Company and each Guarantor is
duly organized or formed.

     (e) To the extent requested by the Purchasers at least 3 Business Days prior to the
Closing Date, certified copies of Requests for Information or Copies (Form UCC 11) or
equivalent reports listing all effective financing statements which name the Company or any
Guarantor (under their present names and previous names) as debtor and which are filed in
the central filing office of the jurisdiction in which the Company or such Guarantor, as
applicable, is organized, together with copies of such financing statements.

     (f) With respect to the initial Closing Date, duly executed counterparts to an
amendment to Section 8.8 of the Existing Credit Facility as in effect on the date hereof (or
any equivalent provision in any replacement Principal Debt Facility), permitting the
provisions of Section 10.2 hereof, in form and substance reasonably acceptable to the
Purchasers.

     (g) All such counterpart originals or certified or other copies of such documents as
such Purchaser or such Purchaser’s special counsel may reasonably request at least 3
Business Days in advance of the Closing Date.

Section 5.Representations and Warranties of the Company.

     The Company represents and warrants to each Purchaser that:

     Section 5.1. Financial Condition.

     (a) The consolidated and consolidating balance sheets of the Company and its
consolidated Subsidiaries as at December 27, 2008 and December 26, 2009, respectively, and
the related consolidated and consolidating statements of operations and of cash flows
for the fiscal years ended on such dates, reported on by BDO Seidman, LLP, copies of
which have heretofore been furnished to each Purchaser, present fairly, in all material
respects, the consolidated and consolidating financial condition of the Company and its
consolidated Subsidiaries as at such dates, and the consolidated and consolidating results
of their operations and of their cash flows for the fiscal years then ended. All such
financial statements, including the related schedules and notes thereto, were, as of the
date prepared, prepared in accordance with GAAP applied consistently throughout the periods
involved (except as otherwise expressly noted therein, and show all material Indebtedness
and other liabilities, direct or contingent, of the Company and each of its Subsidiaries as
of the dates thereof, including liabilities for taxes, material commitments

-8-

 

and
Indebtedness. Neither the Company nor any of its consolidated Subsidiaries had, at the date
of the most recent balance sheets referred to above, any material Guarantee Obligation,
material contingent liability or material liability for taxes, or any material long-term
lease or material forward or long-term commitment, including, without limitation, any
interest rate or foreign currency swap or exchange transaction, which is not reflected in
the foregoing statements or in the notes thereto.

     (b) As of the date hereof, there are no liabilities or obligations of the Company or
any of its Subsidiaries, whether direct or indirect, absolute or contingent, or matured or
unmatured, other than (i) as disclosed or provided for in the financial statements and notes
thereto which are referred to above, (ii) which are disclosed elsewhere in this Agreement or
in the Schedules hereto, (iii) arising in the ordinary course of business since December 26,
2009, (iv) created by this Agreement or (v) liabilities or obligations which, individually
or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. As
of the date hereof, the written information, exhibits and reports furnished by the Company
to the Purchasers in connection with the negotiation of this Agreement, taken as a whole,
are complete and correct in all material respects.

     Section 5.2. No Material Adverse Change. Since December 26, 2009, there has been no
development or event which has had or could reasonably be expected to have a Material Adverse
Effect.

     Section 5.3. Organization; Powers. Each of the Company, its Restricted Subsidiaries and with
respect to clause (d) only, all Subsidiaries (a) is duly organized, validly existing and in good
standing under the laws of the jurisdiction of its organization, (b) has the requisite corporate or
other applicable power and authority, and the legal right (in all material respects), to own and
operate its property, to lease the property it operates as lessee and to conduct the business in
which it is currently engaged, (c) where legally applicable, is duly qualified as a foreign
corporation or other applicable entity and in good standing (or equivalent status) under the laws
of each jurisdiction where its ownership, lease or operation of property or the conduct of its
business requires such qualification and (d) is in compliance with all Requirements of Law
(provided that no representation or warranty is made in this subsection 5.3(d) with respect to
Requirements of Law referred to in subsections 5.8, 5.10, 5.14 or 5.15), except to the extent that
the failure of the foregoing clauses (a) (only with respect to Subsidiaries of the Company which
are not Guarantors), (c) and (d) to be true and
correct could not, individually or in the aggregate, reasonably be expected to have a Material
Adverse Effect.

     Section 5.4. Authorization; Enforceability. Each of the Company and its Restricted
Subsidiaries has the requisite corporate or other applicable power and authority, and the legal
right in all material respects, to make, deliver and perform the Note Documents to which it is a
party, if any, and in the case of the Company, to issue the Notes hereunder and has taken all
necessary corporate action to authorize (in the case of the Company) the issuance of the Notes on
the terms and conditions of this Agreement and any Notes and to authorize the execution, delivery
and performance of the Note Documents to which it is a party. No consent or authorization of,
filing with, notice to or other act by or in respect of, any Governmental Authority or any other
Person is required with respect to the Company or any of its Restricted

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Subsidiaries in connection
with the issuance of the Notes hereunder or with the execution, delivery, performance, validity or
enforceability of the Note Documents to which the Company or any Guarantor (if any) is a party
except for such consents, authorizations, filings, notices or other acts which, individually or in
the aggregate, could not reasonably be expected to have a Material Adverse Effect. This Agreement
and each other Note Document to which the Company or any Guarantor (if any) is, or is to become, a
party has been or will be, duly executed and delivered on behalf of the Company or such Guarantor
(if any). This Agreement and each other Note Document to which the Company or any Guarantor (if
any) is, or is to become, a party constitutes or, upon execution and delivery thereof, will
constitute, a legal, valid and binding obligation of the Company or such Guarantor (if any), as the
case may be, enforceable against the Company or such Guarantor (if any), as the case may be, in
accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium and other similar laws relating to or affecting creditors’ rights
generally, general equitable principles (whether considered in a proceeding in equity or at law)
and an implied covenant of good faith and fair dealing.

     Section 5.5. No Conflicts. The execution, delivery and performance of the Note Documents, the
issuance of the Notes, the guarantees of the Notes and the use of proceeds thereof (i) will not
violate any Requirement of Law or Contractual Obligation of the Company or of any of its
Subsidiaries, except for such violations which, individually or in the aggregate, could not
reasonably be expected to have a Material Adverse Effect and (ii) will not result in, or require,
the creation or imposition of any Lien on any of its or their respective properties or revenues
pursuant to any such Requirement of Law or Contractual Obligation which, individually or in the
aggregate, could reasonably be expected to have a Material Adverse Effect.

     Section 5.6. No Material Litigation. No litigation, investigations or proceedings of or
before any arbitrator or Governmental Authority are pending or, to the knowledge of the Company,
threatened in writing by or against the Company or any of its Restricted Subsidiaries or against
any of its or their respective properties (a) with respect to any of the Note Documents or any of
the transactions contemplated hereby or thereby, or (b) that, if adversely determined, individually
or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

     Section 5.7. Compliance with Laws. Each of the Company and its Restricted Subsidiaries is in
compliance with all laws, regulations and orders of any Governmental Authority applicable to it or
its property, except where the failure to do so, individually or in the aggregate, could not
reasonably be expected to have a Material Adverse Effect.

     Section 5.8. Taxes. Each of the Company and its Subsidiaries has timely filed or caused to be
filed all Federal, state and other material Tax returns and reports required to have been filed and
has paid or caused to be paid all such Taxes required to have been paid by it, except (a) Taxes
that are being contested in good faith by appropriate proceedings and for which the Company or such
Subsidiary, as applicable, has set aside on its books adequate reserves or (b) to the extent that
the failure to do so, individually or in the aggregate, could not reasonably be expected to have a
Material Adverse Effect.

-10-

 

     Section 5.9. Use of Proceeds; Margin Regulations. The Company will apply the proceeds of the
sale of the Notes as set forth in the Request for Purchase of such Notes. No part of the proceeds
from the sale of the Notes hereunder will be used, directly or indirectly, for the purpose of
buying or carrying any margin stock within the meaning of Regulation U of the Board of Governors of
the Federal Reserve System (12 CFR 221), or for the purpose of buying or carrying or trading in any
securities under such circumstances as to involve the Company in a violation of Regulation X of
such Board (12 CFR 224) or to involve any broker or dealer in a violation of Regulation T of such
Board (12 CFR 220). Margin stock does not constitute more than 5.0% of the value of the
consolidated assets of the Company and its Restricted Subsidiaries and the Company does not have
any present intention that margin stock will constitute more than 5.0% of the value of such assets.
As used in this Section, the terms “margin stock” and “purpose of buying or carrying” shall have
the meanings assigned to them in Regulation U.

     Section 5.10. Environmental Matters.

     (a) Except for the Disclosed Matters and except with respect to any other matters that,
individually or in the aggregate, could not reasonably be expected to have a Material
Adverse Effect, neither the Company nor any of its Restricted Subsidiaries (i) has failed to
comply with any Environmental Law or to obtain, maintain or comply with any permit, license
or other approval required under any Environmental Law, (ii) has become subject to any
Environmental Liability or has actual knowledge of a potential claim that is reasonably
likely to result in Environmental Liability to the Company or any of its Restricted
Subsidiaries or (iii) has received written notice of any claim with respect to any
Environmental Liability.

     (b) Since the date of this Agreement, with respect to any Environmental Liability,
there has been no change in the status of the Disclosed Matters that, individually or in the
aggregate, could reasonably be expected to have a Material Adverse Effect.

     Section 5.11. Disclosure. The statements and information contained herein and in any of the
information provided to the Purchasers in writing (other than financial projections) in connection
with or pursuant to this Agreement, taken as a whole, do not contain any untrue statement of any
material fact, or omit to state a fact necessary in order to make such statements or information
not misleading in any material respect, in each case in light of the circumstances under which such
statements were made or information provided as of the date so provided.

     Section 5.12. Ownership of Property: Liens. Each of the Company and its Restricted
Subsidiaries has good and sufficient title in fee simple to, or valid leasehold interests in, all
real property necessary or occupied in the ordinary conduct of its business, except for such
defects in title which, individually or in the aggregate, could not reasonably be expected to have
a Material Adverse Effect.

     Section 5.13. Compliance with ERISA.

     (a) The Company and each ERISA Affiliate have operated and administered each Plan in
compliance with all applicable laws except for such instances of noncompliance

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as have not
resulted in and could not reasonably be expected to result in a Material Adverse Effect.
Neither the Company nor any ERISA Affiliate has incurred any liability pursuant to Title I
or IV of ERISA or the penalty or excise tax provisions of the Code relating to employee
benefit plans (as defined in section 3 of ERISA), and no event, transaction or condition has
occurred or exists that could reasonably be expected to result in the incurrence of any such
liability by the Company or any ERISA Affiliate, or in the imposition of any Lien on any of
the rights, properties or assets of the Company or any ERISA Affiliate, in either case
pursuant to Title I or IV of ERISA or to such penalty or excise tax provisions or to section
401(a)(29) or 412 of the Code or section 4068 of ERISA, other than such liabilities or Liens
as would not be individually, or in the aggregate, Material.

     (b) The present value of the aggregate benefit liabilities under each of the Plans
(other than Multiemployer Plans), determined as of the end of such Plan’s most recently
ended plan year on the basis of the actuarial assumptions specified for funding purposes in
such Plan’s most recent actuarial valuation report, did not exceed the aggregate current
value of the assets of such Plan allocable to such benefit liabilities by an amount that
could reasonably be expected to have a Material Adverse Effect. The term “benefit
liabilities” has the meaning specified in section 4001 of ERISA and the terms “current
value” and “present value” have the meaning specified in section 3 of ERISA.

     (c) The Company and its ERISA Affiliates have not incurred withdrawal liabilities (and
are not subject to contingent withdrawal liabilities) under section 4201 or 4204 of ERISA in
respect of Multiemployer Plans that individually or in the aggregate are Material.

     (d) The expected postretirement benefit obligation (determined as of the last day of
the Company’s most recently ended fiscal year in accordance with Financial Accounting
Standards Board Statement No. 106, without regard to liabilities attributable to
continuation coverage mandated by section 4980B of the Code) of the Company and its
Restricted Subsidiaries is not Material.

     (e) The execution and delivery of this Agreement and the issuance and sale of the Notes
hereunder will not involve any transaction that is subject to the prohibitions of section
406 of ERISA or in connection with which a tax could be imposed pursuant to section
4975(c)(1)(A)-(D) of the Code. The representation by the Company to each Purchaser in the
first sentence of this Section 5.13(e) is made in reliance upon and subject to the accuracy
of such Purchaser’s representation in Section 6.2 as to the sources of the funds used to pay
the purchase price of the Notes to be purchased by such Purchaser.

     Section 5.14. Subsidiaries. The Company has no Subsidiaries other than those specifically
disclosed in Part (a) of Schedule 5.14 (other than those which are “shell” or “inactive”
Subsidiaries, as such terms are defined in subsection 10.4(d)) and has no equity investments in any
other corporation or entity other than those specifically disclosed in Part (b) of Schedule 5.14.
As of the date of this Agreement, all Subsidiaries of the Company are

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Restricted Subsidiaries other
than those Unrestricted Subsidiaries listed in Part (c) of Schedule 5.14.

     Section 5.15. Investment and Holding Company Status. Neither the Company nor any of its
Restricted Subsidiaries is an “investment company” as defined in, or subject to regulation under,
the Investment Company Act of 1940.

     Section 5.16. Guarantors. As of the Agreement Effective Date and after giving effect to the
transactions contemplated hereby, no Restricted Subsidiary has issued or is subject to any
Guarantee Obligation in respect of any Principal Debt Facility.

     Section 5.17. Private Offering by the Company. Neither the Company nor anyone acting on its
behalf has offered the Notes or any similar securities for sale to, or solicited any offer to buy
any of the same from, or otherwise approached or negotiated in respect thereof with, any person
other than the Purchasers, each of which has been offered the Notes at a private sale for
investment. Neither the Company nor anyone acting on its behalf has taken, or will take, any
action that would subject the issuance or sale of the Notes to the registration requirements of
Section 5 of the Securities Act or to the registration requirements of any securities or blue sky
laws of any applicable jurisdiction.

     Section 5.18. Foreign Assets Control Regulations, Etc.

     (a) Neither the sale of the Notes by the Company hereunder nor its use of the proceeds
thereof will violate the Trading with the Enemy Act, as amended, or any of the foreign
assets control regulations of the United States Treasury Department (31 CFR, Subtitle B,
Chapter V, as amended) or any enabling legislation or executive order relating thereto.

     (b) Neither the Company nor any Subsidiary (i) is a Person described or designated in
the Specially Designated Nationals and Blocked Persons List of the Office of Foreign Assets
Control or in Section 1 of the Anti-Terrorism Order or (ii) knowingly engages in any
dealings or transactions with any such Person. The Company and its Subsidiaries are in
compliance, in all material respects, with the USA Patriot Act.

     (c) No part of the proceeds from the sale of the Notes hereunder will be used, directly
or indirectly, for any payments to any governmental official or employee, political party,
official of a political party, candidate for political office, or anyone else acting in an
official capacity, in order to obtain, retain or direct business or obtain any improper
advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as
amended, assuming in all cases that such Act applies to the Company.

     Section 5.19. Status under Certain Statutes. Neither the Company nor any Restricted
Subsidiary is subject to regulation under the Public Utility Holding Company Act of 2005, as
amended, the ICC Termination Act of 1995, as amended, or the Federal Power Act, as amended.

-13-

 

Section 6. Representations of the Purchasers.

     Section 6.1. Purchase for Investment. Each Purchaser severally represents that it is
purchasing the Notes for its own account or for one or more separate accounts maintained by such
Purchaser or for the account of one or more pension or trust funds and not with a view to the
distribution thereof, provided that the disposition of such Purchaser’s or their property shall at
all times be within such Purchaser’s or such pension or trust funds’ control. Each Purchaser
understands that the Notes have not been registered under the Securities Act and may be resold only
if registered pursuant to the provisions of the Securities Act or if an exemption from registration
is available, except under circumstances where neither such registration nor such an exemption is
required by law, and that the Company is not required to register the Notes.

     Section 6.2. Source of Funds. Each Purchaser severally represents that at least one of the
following statements is an accurate representation as to each source of funds (a “Source”) to be
used by such Purchaser to pay the entire purchase price of the Notes to be purchased by such
Purchaser hereunder:

     (a) the Source is an “insurance company general account” (as the term is defined in the
United States Department of Labor’s Prohibited Transaction Exemption
(“PTE”) 95-60) in respect of which the reserves and liabilities (as defined by the annual
statement for life insurance companies approved by the National Association of Insurance
Commissioners (the “NAIC Annual Statement”)) for the general account contract(s) held by or
on behalf of any employee benefit plan together with the amount of the reserves and
liabilities for the general account contract(s) held by or on behalf of any other employee
benefit plans maintained by the same employer (or affiliate thereof as defined in PTE 95-60)
or by the same employee organization in the general account do not exceed 10% of the total
reserves and liabilities of the general account (exclusive of separate account liabilities)
plus surplus as set forth in the NAIC Annual Statement filed with such Purchaser’s state of
domicile; or

     (b) the Source is a separate account that is maintained solely in connection with such
Purchaser’s fixed contractual obligations under which the amounts payable, or credited, to
any employee benefit plan (or its related trust) that has any interest in such separate
account (or to any participant or beneficiary of such plan (including any annuitant)) are
not affected in any manner by the investment performance of the separate account; or

     (c) the Source is either (i) an insurance company pooled separate account, within the
meaning of PTE 90-1 or (ii) a bank collective investment fund, within the meaning of the PTE
91-38 and, except as disclosed by such Purchaser to the Company in writing pursuant to this
clause (c), no employee benefit plan or group of plans maintained by the same employer or
employee organization beneficially owns more than 10% of all assets allocated to such pooled
separate account or collective investment fund; or

     (d) the Source constitutes assets of an “investment fund” (within the meaning of Part V
of PTE 84-14 (the “QPAM Exemption”)) managed by a “qualified

-14-

 

professional asset manager” or
“QPAM” (within the meaning of Part V of the QPAM Exemption), no employee benefit plan’s
assets that are included in such investment fund, when combined with the assets of all other
employee benefit plans established or maintained by the same employer or by an affiliate
(within the meaning of Section V(c)(1) of the QPAM Exemption) of such employer or by the
same employee organization and managed by such QPAM, exceed 20% of the total client assets
managed by such QPAM, the conditions of Part I(c) and (g) of the QPAM Exemption are
satisfied, neither the QPAM nor a person controlling or controlled by the QPAM (applying the
definition of “control” in Section V(e) of the QPAM Exemption) owns a 5% or more interest in
the Company and (i) the identity of such QPAM and (ii) the names of all employee benefit
plans whose assets are included in such investment fund have been disclosed to the Company
in writing pursuant to this clause (d); or

     (e) the Source constitutes assets of a “plan(s)” (within the meaning of Section IV of
PTE 96-23 (the “INHAM Exemption”)) managed by an “in-house asset manager” or “INHAM” (within
the meaning of Part IV of the INHAM Exemption), the conditions of Part I(a), (g) and (h) of
the INHAM Exemption are satisfied, neither the INHAM nor a person controlling or controlled
by the INHAM (applying the definition of “control” in Section IV(d) of the INHAM Exemption)
owns a 5% or more interest in the Company
and (i) the identity of such INHAM and (ii) the name(s) of the employee benefit plan(s)
whose assets constitute the Source have been disclosed to the Company in writing pursuant to
this clause (e); or

     (f) the Source is a governmental plan; or

     (g) the Source is one or more employee benefit plans, or a separate account or trust
fund comprised of one or more employee benefit plans, each of which has been identified to
the Company in writing pursuant to this clause (g); or

     (h) the Source does not include assets of any employee benefit plan, other than a plan
exempt from the coverage of ERISA.

As used in this Section 6.2, the terms “employee benefit plan,” “governmental plan,” and “separate
account” shall have the respective meanings assigned to such terms in section 3 of ERISA.

     Section 6.3. Accredited Investor. Each Purchaser severally represents that it is a “qualified
institutional buyer” (as such term is defined under Rule 144A promulgated under the Securities Act,
or any successor law, rule or regulation) or an “accredited investor” (as such term is defined
under Regulation D promulgated under the Securities Act, or any successor law, rule or regulation).

Section 7. Information as to Company.’

     The Company covenants that so long as any of the Notes are outstanding it shall:

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     Section 7.1. Financial Statements. Furnish to each holder of the Notes (the delivery of which
shall be deemed made on the date on which such information has been posted on the Company’s website
on the Internet at http://www.henryschein.com or is available on the website of the U.S. Securities
and Exchange Commission at http://www.sec.gov (to the extent such information has been posted or is
available)):

     (a) as soon as available, but in any event within 90 days (or, to the extent the
Company is a reporting company under the Securities Act of 1933, as amended, such shorter
period as shall be required under the applicable rules of the Securities and Exchange
Commission for the filing of its annual report on Form 10-K) after the end of each fiscal
year of the Company, a copy of the audited consolidated and consolidating balance sheets of
the Company and its consolidated Subsidiaries as at the end of such year and the related
consolidated and consolidating statements of operations and stockholders’ equity and of cash
flows for such year, setting forth in each case in comparative form the figures as of the
end of and for the previous year, reported on without a qualification arising out of the
scope of the audit, by BDO Seidman, LLP or any other independent certified public
accountants of nationally recognized standing
reasonably acceptable to the Required Holders, including an executive summary of the
management letter prepared by such accountants; provided, however, that if a Default or
Event of Default shall have occurred and shall be continuing, the full text of such
management letter shall be provided to each holder of the Notes;

     (b) as soon as available, but in any event not later than 45 days (or, to the extent
the Company is a reporting company under the Securities Act of 1933, as amended, such
shorter period as shall be required under the applicable rules of the Securities and
Exchange Commission for the filing of its quarterly report on Form 10-Q) after the end of
each of the first three quarterly periods of each fiscal year of the Company, the unaudited
consolidated and consolidating balance sheets of the Company and its consolidated
Subsidiaries, as at the end of each such quarter and the related unaudited consolidated and
consolidating statements of operations and of cash flows for such quarter and the portion of
the fiscal year through the end of such quarter, setting forth in each case in comparative
form the figures as of the end of and for the corresponding period or periods in the
previous year, all certified by a Responsible Officer of the Company as being fairly stated
in all material respects (subject to normal, recurring, year-end audit adjustments and the
absence of GAAP notes thereto); and

     (c) to the extent that any Subsidiary of the Company is an Unrestricted Subsidiary,
together with the financial statements delivered pursuant to clauses (a) and (b) above (or
within 15 days of the delivery thereof), the unaudited consolidated and consolidating
balance sheets of the Company and its Restricted Subsidiaries, as at the end of each such
quarter or such year and the related unaudited consolidated and consolidating statements of
operations and of cash flows for such quarter or such year and, if applicable, the portion
of the fiscal year through the end of such quarter, setting forth in each case in
comparative form the figures as of the end of and for the corresponding period or periods in
the previous year, all certified by a Responsible Officer of the Company as being fairly
stated in all material respects (subject to normal recurring, year-end audit adjustments and
the absence of GAAP notes thereto).

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All such financial statements shall be prepared in reasonable detail and in accordance with GAAP
applied consistently throughout the periods reflected therein and with prior periods (subject, in
the case of the aforesaid quarterly financial statements, to normal, recurring, year-end audit
adjustments and the absence of GAAP notes thereto).

     Section 7.2. Certificates; Other Information. Furnish to each holder of Notes:

     (a) simultaneously with the delivery of the financial statements referred to in
subsections 7.1(a) and (b), a certificate of the chief financial officer or treasurer of the
Company, certifying that to the best of his knowledge (i) no Default or Event of Default has
occurred and is continuing or, if a Default or Event of Default has occurred and is
continuing, a statement as to the nature thereof and the action which is proposed to be
taken with respect thereto, with computations demonstrating compliance (or non-compliance,
as the case may be) with the covenants contained in subsection 10.1, (ii) the Unrestricted
Subsidiary EBITDA and Unrestricted Subsidiary Total Assets, if any, (iii)
whether any Restricted Subsidiary that is not a Guarantor has executed any Guaranty
with respect to any Principal Debt Facility during the relevant period and (iv) such
financial statements have been prepared in accordance with GAAP (subject in the case of
subsection 7.1(b) to normal, recurring, year-end adjustments and except for the absence of
GAAP notes thereto);

     (b) promptly, such additional financial and other information available to the Company
as any holder of Notes may from time to time reasonably request; and

     (c) promptly after the same are available (which shall be deemed available on the date
on which such information has been posted on the Company’s website on the Internet at
http://www.henryschein.com or is available on the website of the U.S. Securities and
Exchange Commission at http://www.sec.gov (to the extent such information has been posted or
is available)), and in any event within five (5) Business Days after the sending or filing
thereof, copies of all proxy statements, financial statements and reports which the Company
or any of its Restricted Subsidiaries sends to its stockholders, and copies of all regular,
periodic and special reports and all registration statements which the Company or any such
Restricted Subsidiary files with the Securities and Exchange Commission or any governmental
authority which may be substituted therefor, or with any national securities exchange or
state securities administration.

Section 8. Payment and Prepayment of the Notes.

     Section 8.1. Required Prepayments; Maturity. Each Series of Notes will be subject to required
prepayment, if any, as and to the extent set forth in the Notes of such Series.

     Section 8.2. Optional Prepayments.

     (a) Each Series of Notes will be subject to prepayment, in whole at any time or from time to
time in part, at the option of the Company, in a minimum amount of $1,000,000 and integral
multiples of $100,000 in excess thereof or, if less, the aggregate principal amount outstanding in
respect of the Notes of the Series, at 100% of the principal amount so prepaid plus

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interest
thereon to the prepayment date and the Make-Whole Amount with respect to each Note. Any partial
prepayment of a Series of the Notes pursuant to this Section 8.2(a) will be applied in satisfaction
of required payments of principal in inverse order of their scheduled due dates.

     (b) The Company will give the holder of each Note of a Series to be prepaid pursuant to this
Section 8.2 irrevocable written notice of the prepayment not less than 10 Business Days prior to
the prepayment date, specifying the prepayment date, the aggregate principal amount of the Notes of
the Series to be prepaid on that date, the principal amount of the Notes of the Series held by the
holder to be prepaid on that date and that prepayment is to be made pursuant to this Section 8.2.
If proper notice has been given, the principal amount of the Notes specified in that notice,
together with interest thereon to the prepayment date and the Make-Whole Amount, if any, will be
due and payable on that prepayment date.

     Section 8.3. Allocation of Partial Prepayments. In the case of each prepayment of less than
the entire unpaid principal amount of all outstanding Notes of a Series pursuant to Section 8.1 or
Section 8.2, the amount to be prepaid will be applied pro rata to all outstanding Notes of that
Series according to the respective unpaid principal amounts thereof.

     Section 8.4. Maturity; Surrender, Etc. In the case of each prepayment of Notes pursuant to
this Section 8, the principal amount of each Note to be prepaid shall mature and become due and
payable on the date fixed for such prepayment (which shall be a Business Day), together with
interest on such principal amount accrued to such date and the applicable Make-Whole Amount, if
any. From and after such date, unless the Company shall fail to pay such principal amount when so
due and payable, together with the interest and Make-Whole Amount, if any, as aforesaid, interest
on such principal amount shall cease to accrue. Any Note paid or prepaid in full shall be
surrendered to the Company by the applicable holder thereof promptly upon request and cancelled and
shall not be reissued, and no Note shall be issued in lieu of any prepaid principal amount of any
Note.

     Section 8.5. Purchase of Notes. The Company will not and will not permit any Affiliate to
purchase, redeem, prepay or otherwise acquire, directly or indirectly, any of the outstanding Notes
except upon the payment or prepayment of the Notes in accordance with the terms of this Agreement
and the Notes. The Company will promptly cancel all Notes acquired by it or any Affiliate pursuant
to any payment or prepayment of Notes pursuant to any provision of this Agreement and no Notes may
be issued in substitution or exchange for any such Notes.

     Section 8.6. Offer to Prepay Notes in the Event of a Change in Control.

     (a) Notice of Change in Control or Control Event. The Company will promptly
upon any Responsible Officer obtaining actual knowledge of the occurrence of any Change in
Control or Control Event, give written notice of such Change in Control or Control Event to
each holder of Notes unless notice shall have been given pursuant to clause (b) of this
Section 8.6. If a Change in Control has occurred, such notice shall contain and constitute
an offer to prepay the Notes as described in clause (c) of this Section 8.6 and shall be
accompanied by the certificate described in clause (f) hereof.

     (b) Condition to Company Action. The Company will not take any action that

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consummates or finalizes a Change in Control unless at least 10 Business Days prior to such
action it shall have given to each holder of Notes written notice of such impending Change
in Control.

     (c) Offer to Prepay Notes. The offer to prepay Notes contemplated by the
foregoing clause (a) shall be an offer to prepay, in accordance with and subject to this
Section 8.6, all, but not less than all, the Notes held by each holder (in this case only,
“holder” in respect of any Note registered in the name of a nominee for a disclosed
beneficial owner shall mean such beneficial owner) on a date specified in such offer
(the “Proposed Prepayment Date”). Such Proposed Prepayment Date shall be not less than 10
days and not more than 30 days after the date of such offer (if the Proposed Prepayment Date
shall not be specified in such offer, the Proposed Prepayment Date shall be the 5th day
after the date of such offer); provided however that the Proposed Prepayment Date shall not
be later than the date of consummation of such Change in Control. Such offer to prepay
shall be conditioned upon the consummation of the proposed Change in Control and if such
Change of Control shall not occur, such offer to prepay shall be void and no rights or
obligations shall exist with respect thereto (the “Consummation Condition”).

     (d) Acceptance; Rejection. The Company shall, on or before the Business Day
prior to the Proposed Prepayment Date, give renotification and confirmation thereof (by
telephone or email) to each holder, which shall have designated a recipient of such notices
in the applicable Confirmation of Acceptance or by notice in writing to the Company. A
holder of Notes may, subject to the Consummation Condition, accept the offer to prepay made
pursuant to this Section 8.6 by causing a notice of such acceptance to be delivered to the
Company on or before the fifth day prior to the Proposed Prepayment Date. A failure by a
holder of Notes to respond to an offer to prepay made pursuant to this Section 8.6 on or
before such date shall be deemed to constitute a rejection of such offer by such holder.

     (e) Prepayment. Prepayment of the Notes to be prepaid pursuant to this Section
8.6 shall be at 100% of the principal amount of such Notes, together with interest accrued
to the date of prepayment. The prepayment shall be made on the Proposed Prepayment Date,
subject to the Consummation Condition.

     (f) Officer’s Certificate. Each offer to prepay the Notes pursuant to this
Section 8.6 shall be accompanied by a certificate, executed by a Responsible Officer of the
Company and dated the date of such offer, specifying: (i) the Proposed Prepayment Date;
(ii) that such offer is made pursuant to this Section 8.6; (iii) the principal amount of
each Note offered to be prepaid; (iv) the interest that would be due on each Note offered to
be prepaid, accrued to the Proposed Prepayment Date; (v) that the conditions of this Section
8.6 have been fulfilled; and (vi) in reasonable detail, the nature and date of the Change in
Control.

     8.7. Prepayment in Connection with a Disposition.

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     (a) If the Company elects to make an offer to prepay the Notes in connection with any
Disposition pursuant to Section 10.5, the Company shall give written notice of such offer to
prepayment (a “Disposition Prepayment Notice”) to each holder of a Note, which Disposition
Prepayment Notice shall (i) describe the facts and circumstances of such Disposition in
reasonable detail, (ii) refer to this Section 8.7 and the rights of the holders of Notes
hereunder, and (iii) identify a date, which shall be no more than 60 days and not less than
30 days after the date of the Disposition Prepayment Notice, on which the Company shall
prepay the Pro Rata Portion of the unpaid principal amount of the
Notes issued by the Company and held by such holder, together with interest thereon to
the prepayment date and Make-Whole Amount, if any (showing in such Disposition Prepayment
Notice the amount of the prepayment, the interest and an estimate of the Make-Whole Amount
which would be paid on such prepayment date (calculated as if the date of such Disposition
Prepayment Notice was the date of prepayment)). Unless any holder of a Note has rejected
such offer to prepay its Note in connection with such Disposition in writing by notice to
the Company within 10 days after receipt of the Disposition Prepayment Notice, such holder
shall be deemed to have accepted such offer to prepay the principal amount of its Note.

     (b) On the prepayment date specified in the Disposition Prepayment Notice, the
appropriate portion of unpaid principal amount of the Notes held by each holder of a Note
(other than those holders who have rejected the offer to prepay pursuant to clause (a)),
together with the accrued and unpaid interest thereon to the prepayment date and the
Make-Whole Amount, if any, shall become due and payable.

     Section 8.8. Make-Whole Amount.

     “Make-Whole Amount” means, with respect to any Note, an amount equal to the excess, if any, of
the Discounted Value of the Remaining Scheduled Payments with respect to the Called Principal of
such Note over the amount of such Called Principal, provided that the Make-Whole Amount may in no
event be less than zero. For the purposes of determining the Make-Whole Amount, the following
terms have the following meanings:

     “Called Principal” means, with respect to any Note, the principal of such Note that is to be
prepaid pursuant to Section 8.2(a) or has become or is declared to be immediately due and payable
pursuant to Section 12.1, as the context requires.

     “Discounted Value” means, with respect to the Called Principal of any Note, the amount
obtained by discounting all Remaining Scheduled Payments with respect to such Called Principal from
their respective scheduled due dates to the Settlement Date with respect to such Called Principal,
in accordance with accepted financial practice and at a discount factor (applied on the same
periodic basis as that on which interest on the Notes is payable) equal to the Reinvestment Yield
with respect to such Called Principal.

     “Reinvestment Yield” means, with respect to the Called Principal of any Note, 0.50% over the
yield to maturity implied by (i) the yields reported as of 10:00 a.m. (New York City time) on the
second Business Day preceding the Settlement Date with respect to such Called Principal, on the
display designated as “Page PX1” (or such other display as may replace Page

-20-

 

PX1) on Bloomberg
Financial Markets for the most recently issued actively traded on the run U.S. Treasury securities
having a maturity equal to the Remaining Average Life of such Called Principal as of such
Settlement Date, or (ii) if such yields are not reported as of such time or the yields
reported as of such time are not ascertainable (including by way of interpolation), the Treasury
Constant Maturity Series Yields reported, for the latest day for which such yields have been so
reported as of the second Business Day preceding the Settlement Date with respect to such Called
Principal, in Federal Reserve Statistical Release H.15 (or any comparable successor
publication) for U.S. Treasury securities having a constant maturity equal to the Remaining
Average Life of such Called Principal as of such Settlement Date.

     In the case of each determination under clause (i) or clause (ii), as the case may be, of the
preceding paragraph, such implied yield will be determined, if necessary, by (a) converting U.S.
Treasury bill quotations to bond equivalent yields in accordance with accepted financial practice
and (b) interpolating linearly between (1) the applicable U.S. Treasury security with the maturity
closest to and greater than such Remaining Average Life and (2) the applicable U.S. Treasury
security with the maturity closest to and less than such Remaining Average Life. The Reinvestment
Yield shall be rounded to the number of decimal places as appears in the interest rate of the
applicable Note.

     “Remaining Average Life” means, with respect to any Called Principal, the number of years
(calculated to the nearest one-twelfth year) obtained by dividing (i) such Called Principal into
(ii) the sum of the products obtained by multiplying (a) the principal component of each Remaining
Scheduled Payment with respect to such Called Principal by (b) the number of years (calculated to
the nearest one-twelfth year) that will elapse between the Settlement Date with respect to such
Called Principal and the scheduled due date of such Remaining Scheduled Payment.

     “Remaining Scheduled Payments” means, with respect to the Called Principal of any Note, all
payments of such Called Principal and interest thereon that would be due after the Settlement Date
with respect to such Called Principal if no payment of such Called Principal were made prior to its
scheduled due date, provided that if such Settlement Date is not a date on which interest payments
are due to be made under the terms of the Notes, then the amount of the next succeeding scheduled
interest payment will be reduced by the amount of interest accrued to such Settlement Date and
required to be paid on such Settlement Date pursuant to Section 8.2 or Section 12.1.

     “Settlement Date” means, with respect to the Called Principal of any Note, the date on which
such Called Principal is to be prepaid pursuant to Section 8.2 or has become or is declared to be
immediately due and payable pursuant to Section 12.1, as the context requires.

     Section 9. Affirmative Covenants.

     The Company covenants that so long as any of the Notes are outstanding:

     Section 9.1. Conduct of Business and Maintenance of Existence. The Company will, and will
cause each of its Restricted Subsidiaries to (a) preserve, and keep in full force and effect

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its
corporate existence and good standing under the laws of its jurisdiction of organization, except as
otherwise permitted hereunder or where failure to do so, individually or in the aggregate, could
not reasonably be expected to have a Material Adverse Effect, and (b) take all reasonable action to
maintain all rights, privileges and franchises necessary in the operation or its business,
except to the extent that failure to maintain such rights, privileges and franchises, individually
or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

     Section 9.2. Payment of Obligations. The Company will, and will cause each of its Restricted
Subsidiaries to, pay and discharge (a) all taxes upon it or its properties or assets, unless the
same are being contested in good faith by appropriate proceedings and adequate reserves in
accordance with GAAP are being maintained by the Company or such Restricted Subsidiary, and (b) all
lawful claims which, if unpaid, would by law (without satisfaction of any other conditions, such as
notice) become a Lien upon its property (other than Liens permitted by subsection 10.2), in each
case where a failure to pay and discharge such taxes and claims could reasonably be expected to
have a Material Adverse Effect.

     Section 9.3. Maintenance of Properties. The Company will, and will cause each of its
Restricted Subsidiaries to maintain and keep all of its material properties necessary in the
operation of its business in good repair, working order and condition, ordinary wear and tear
excepted, except where the failure to do so, individually or in the aggregate, could not reasonably
be expected to have a Material Adverse Effect.

     Section 9.4. Maintenance of Insurance. The Company will, and will cause each of its
Restricted Subsidiaries to, maintain, with financially sound and reputable insurance companies,
insurance in such amounts and against such risks as is customarily maintained by companies engaged
in the same or similar businesses operating in the same or similar locations.

     Section 9.5. Books and Records. The Company will, and will cause each of its Restricted
Subsidiaries to, maintain proper books of record and account in conformity with GAAP and all
applicable requirements of any Governmental Authority having regulatory jurisdiction over the
Company or any of its Restricted Subsidiaries, except where the failure to so comply, individually
or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

     Section 9.6. Inspection Rights Subject to Section 20, the Company will, and will cause each
of its Restricted Subsidiaries to, permit representatives of each holder of Notes:

     (a) No Default — if no Default or Event of Default then exists, at the expense of such
holder and upon reasonable advance notice to a Responsible Officer of the Company or such
Guarantor (if any), as the case may be, to visit the principal executive office of the
Company, to examine its corporate, financial and operating records, and to discuss its
affairs, finances and accounts with its officers and (with the consent of the Company, which
consent will not be unreasonably withheld) its independent public accountants, all at such
reasonable times during normal business hours as may be reasonably desired;
provided, however, that (x) the holders of Notes shall use reasonable

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efforts to coordinate with each other in order to minimize the number of such inspections
and discussions; and (y) with respect to access for environmental inspections, the
holders of Notes shall only have the right to inspect once every twelve months unless a
holder of Notes has reason to believe that a condition exists or an event has occurred which
reasonably could give rise to liability under the Environmental Laws; and

     (b) Default — if a Default or Event of Default then exists, at the expense of the
Company and without advance notice, to visit and inspect any of its properties, to examine
its corporate, financial and operating records, and make copies thereof or abstracts
thereform, and to discuss its affairs, finances and accounts with its officers and (with the
consent of the Company, which consent will not be unreasonably withheld) independent public
accountants, at any time during normal business hours.

     Section 9.7. Compliance with Laws. The Company will, and will cause each of its Subsidiaries
to, comply with all laws, rules, regulations and orders of any Governmental Authority to which each
of them is subject, including all Environmental Laws, except where the failure to do so,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse
Effect.

     Section 9.8. Use of Proceeds. The Company will, and will cause each of its Restricted
Subsidiaries to, use the proceeds of the Notes for general corporate purposes of the Company and
its Restricted Subsidiaries, including for acquisitions and refinancing of Indebtedness. No part of
the proceeds of any Notes will be used, whether directly or indirectly, for any purpose that
entails violation of any of the Regulations of the Board of Governors of the Federal Reserve
System, including Regulations T, U and X.

     Section 9.9. Notices. The Company will promptly give notice to each holder of Notes upon
obtaining actual knowledge of:

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

     (b) the filing or commencement of any action, suit or proceeding by or before any
arbitrator or Governmental Authority against or affecting the Company or any Affiliate
thereof that could reasonably be expected to have a Material Adverse Effect;

     (c) the following events, as soon as possible and in any event within 30 days after the
Company obtains actual knowledge thereof: (i) the occurrence or reasonably expected
occurrence of any ERISA Event with respect to any Plan, (ii) a failure to make any required
contribution to a Plan within the period required by applicable law, (iii) the creation of
any Lien in favor of the PBGC or a Plan or any withdrawal from, or the termination,
Reorganization or Insolvency of, any Multiemployer Plan or (iv) the institution of
proceedings or the taking of any other similar action by the PBGC or the Company or any
ERISA Affiliate or any Multiemployer Plan with respect to the withdrawal from, or the
terminating, Reorganization or Insolvency of, any Plan, other than the termination of any
Single Employer Plan that is not a distress termination pursuant to Section 4041(c) of ERISA
where, with respect to any event listed above, the

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amount of liability the Company or any ERISA Affiliate could reasonably be expected to
have a Material Adverse Effect; and

     (d) any other development known to Company that results in, or could reasonably be
expected to result in, a Material Adverse Effect.

Each notice delivered pursuant to this subsection shall be accompanied by a statement of a
Responsible Officer of the Company setting forth details of the occurrence or development referred
to therein and stating what action the Company proposes to take with respect thereto.

     Section 9.10. Guarantors. Simultaneously with any Restricted Subsidiary becoming, but only
for so long as such Restricted Subsidiary shall be, (x) a guarantor of the obligations of the
Company or any Restricted Subsidiary under a Principal Debt Facility or (y) a borrower or other
obligor under a Principal Debt Facility, the Company will cause such Person to enter into a
Guaranty Agreement  in form and substance
reasonably acceptable to the Required Holders), and thereupon such Person shall become a Guarantor
hereunder for all purposes.

     Section 9.11. Pari Passu Status. The Company will cause all Indebtedness owing under the Notes
and under this Agreement to rank at all times at least pari passu with all other present and future
unsecured Indebtedness of the Company.

     Section 9.12 Covenant to Secure Notes Equally. If the Company or any Restricted Subsidiary
shall create or assume any Lien upon any of its property or assets, whether now owned or hereafter
acquired, other than Liens permitted by the provisions of Section 10.2 (unless prior written
consent to the creation or assumption thereof shall have been obtained pursuant to Section 17), the
Company will, and will cause each of its Restricted Subsidiaries to, make or cause to be made
effective provisions whereby the Notes will be secured by such Lien equally and ratably with any
and all other Indebtedness thereby secured so long as any such other Indebtedness shall be so
secured; provided that the creation and maintenance of such equal and ratable Lien shall
not in any way limit or modify the right of the holders of the Notes to enforce the provisions of
Section 10.2.

     Section 9.13 Designation of Subsidiaries.

     (a) Right of Designation. Subject to the satisfaction of the requirements
of clauses (b) and (c) of this Section 9.13, the Company shall have the right to
designate each of its Subsidiaries acquired or formed after the date hereof as an
Unrestricted Subsidiary or a Restricted Subsidiary by delivering to each holder of Notes
a writing, signed by the Chief Financial Officer, certifying that the Company shall have
so designated such Subsidiary prior to or within 30 days of such acquisition or
formation. Any such Subsidiary so designated within such 30 day period shall be deemed to
have been an Unrestricted Subsidiary or Restricted Subsidiary, as applicable, as of the
date of such acquisition or formation and any such Subsidiary not so designated within
such
30 day period shall be deemed, on and after the date of acquisition or formation
thereof and without any further action by the Company or any holder of Notes, to have
been designated by the Company as a Restricted Subsidiary. Each Subsidiary existing as
on

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the date hereof designated as a Restricted Subsidiary in Schedule 5.14 shall be a
Restricted Subsidiary on and after the date hereof and all other existing Subsidiaries,
if any, listed as a Unrestricted Subsidiary in such Schedule 5.14 shall, subject to
Section 9.13(b) hereof, be Unrestricted Subsidiaries on and after the date hereof.

     (b) Restricted Subsidiary Coverage. As of the date of such designation or
redesignation, (x) Unrestricted Subsidiary EBITDA must not represent more than 15% of
Consolidated EBITDA (calculated as if all Subsidiaries are Restricted Subsidiaries) and
(y) Unrestricted Subsidiary Total Assets must not represent more than 15% of Consolidated
Total Assets (calculated as if all Subsidiaries are Restricted Subsidiaries).

     (c) Right of Redesignation. The Company may, at any time, redesignate any
Unrestricted Subsidiary as a Restricted Subsidiary, or any Restricted Subsidiary as an
Unrestricted Subsidiary, provided, however, that:

     (i) if such Subsidiary initially is designated a Restricted Subsidiary, then
such Restricted Subsidiary may be subsequently redesignated as an Unrestricted
Subsidiary once and such Unrestricted Subsidiary may be subsequently redesignated as
a Restricted Subsidiary once, but no further changes in designation may be made;

     (ii) if such Subsidiary initially is designated an Unrestricted Subsidiary,
then such Unrestricted Subsidiary may be subsequently redesignated as a Restricted
Subsidiary once and such Restricted Subsidiary may be subsequently redesignated as
an Unrestricted Subsidiary once, but no further changes in designation may be made;

     (iii) such Restricted Subsidiary becomes a Guarantor to the extent Restricted
Subsidiaries are required to have guaranteed the Notes pursuant to Section 9.10;

     (iv) immediately before giving effect to any redesignation of a Restricted
Subsidiary to an Unrestricted Subsidiary, no Default or Event of Default exists
under subsections (a), (f) or (g) of Section 11 or subsection (c)(i) of Section 11
solely with respect to a failure to be in compliance with Section 10.1; and

     (v) immediately after giving effect to such redesignation, and assuming that
all obligations, liabilities and investments of, and all Liens on the property of,
such Subsidiary being so designated were incurred or made contemporaneously with
such designation, (A) no Default or Event of Default exists or would exist and (B)
the Company is and will be in compliance with the covenant set forth in Section 10.1
as of the last day of the most recently ended
fiscal quarter for which financial statements have been delivered, recalculated
to give effect to such redesignation.

     (d) Pro Forma Effect upon Redesignation. Except as otherwise specifically
provided herein, for purposes of determining compliance with the financial covenants

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contained in this Agreement, any designation or redesignation, as the case may be, shall
be given pro forma effect upon such designation or redesignation, such that such
Subsidiary shall be included or excluded, as applicable, from the beginning of any
applicable period.

     (e) Disposition upon Redesignation. The designation of a Restricted
Subsidiary as an Unrestricted Subsidiary shall be deemed to be a Disposition of all such
Subsidiary’s property by the Company for all purposes of this Agreement.

     (f) Effectiveness. Other than as set forth in the last two sentences of
Section 9.13(a) hereof, any designation under this Section 9.13 that satisfies all of the
conditions set forth in this Section 9.13 shall become effective, for purposes of this
Agreement, on the day that notice thereof shall have been delivered by the Company to
each holder of Notes in accordance with the provisions of Section 18.

     Section 10. Negative Covenants. The Company covenants that so long as any of the Notes are
outstanding:

     Section 10.1 Consolidated Leverage Ratio. The Company will not permit the Consolidated
Leverage Ratio at any time during any period of four consecutive fiscal quarters of the Company to
exceed 3.50 to 1.0.

     Section 10.2 Limitations on Liens. The Company will not, and will not permit any of its
Restricted Subsidiaries to, create, incur, assume or suffer to exist any Lien upon any of its
property, assets or revenues, whether now owned or hereafter acquired, except for:

     (a) Liens for taxes not yet due or which are being contested in good faith by
appropriate proceedings, provided that adequate reserves with respect thereto are
maintained on the books of the Company or its Restricted Subsidiaries, as the case may be,
in conformity with GAAP;

     (b) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like
Liens arising in the ordinary course of business which are not overdue for a period of more
than 30 days or which are being contested in good faith by appropriate proceedings
diligently conducted, if adequate reserves with respect thereto are maintained on the books
of the applicable Person in accordance with GAAP;

     (c) pledges or deposits made in the ordinary course of business in compliance with
workers’ compensation, unemployment insurance and other social security
legislation and deposits made in the ordinary course of business securing liability to
insurance carriers under insurance or self-insurance arrangements;

     (d) deposits to secure the performance of bids, trade or government contracts (other
than for borrowed money), leases, statutory obligations, surety and appeal bonds,
performance bonds and other obligations of a like nature incurred in the ordinary course of
business;

-26-

 

     (e) easements, rights-of-way, restrictions, building, zoning and other similar
encumbrances or restrictions, utility agreements, covenants, reservations and encroachments
and other similar encumbrances, or leases or subleases, incurred in the ordinary course of
business which, in the aggregate, are not substantial in amount and which do not, in the
aggregate, materially detract from the value of the properties of the Company and its
Restricted Subsidiaries, taken as a whole, or materially interfere with the ordinary conduct
of the business of the Company and its Restricted Subsidiaries, taken as a whole;

     (f) Liens securing Indebtedness in respect of capital leases and purchase money
obligations for fixed or capital assets; provided that (i) such Liens do not at any time
encumber any property other than the property financed by such Indebtedness, (ii) the
principal amount of the Indebtedness secured thereby does not exceed the fair market value
of the property being acquired on the date of acquisition and (iii) such Indebtedness was
not incurred in connection with, or in anticipation or contemplation of, an acquisition;

     (g) Liens on the assets of Receivable Subsidiaries created pursuant to any Receivables
Transaction permitted pursuant to subsection 10.3(a);

     (h) Liens created or arising pursuant to any Note Documents, and Liens securing other
Indebtedness of the Company; provided, that the Obligations are also concurrently equally
and ratably secured pursuant to documentation in form and substance reasonably satisfactory
to the Required Holders (including, but not limited to, documentation such as security
agreements and other necessary or desirable collateral agreements, an intercreditor
agreement and opinions of independent legal counsel);

     (i) Liens granted by any Restricted Subsidiary in favor of the Company;

     (j) judgment Liens securing judgments and other court proceedings not constituting an
Event of Default under Section 11(i);

     (k) any Lien on any property of the Company or any Restricted Subsidiary existing on
the Agreement Effective Date and set forth on Schedule 10.2 or any extension, renewal or
refinancing thereof; provided that (i) such Lien shall not apply to any other
property or asset of the Company or any Restricted Subsidiary, (ii) such Lien shall secure
only those obligations which it secures as of the date hereof and (iii) in the case of any
extension, renewal or refinancing thereof, (x) there is no increase in the
obligations so secured and (y) such Lien does not secure additional assets not subject
to the Lien then being extended or renewed;

     (l) any Lien existing on any property or asset prior to the acquisition thereof by the
Company or any Restricted Subsidiary or existing on any property or asset of any Person that
becomes a Restricted Subsidiary after the date hereof prior to the time such Person becomes
a Restricted Subsidiary; provided that (i) such Lien is not created in

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contemplation
of or in connection with such acquisition or such Person becoming a Restricted Subsidiary,
as the case may be, (ii) such Lien shall not apply to any other property or assets of the
Company or any Restricted Subsidiary and (iii) the principal amount of Indebtedness secured
by such Lien is not increased;

     (m) Liens arising from precautionary UCC financing statements regarding operating
leases or consignments;

     (n) any Lien over the assets or property of the Joint Venture and its Subsidiaries or
the Equity Interests in the Joint Venture that secures Indebtedness permitted under
subsection 10.3(b)(vi); provided that such Lien does not at any time cover any
additional assets or property other than products or proceeds thereof;

     (o) Liens granted by any Restricted Subsidiary of the Company that are contractual
rights of set-off or netting arrangements relating to pooled deposit or sweep accounts of
such Restricted Subsidiary to permit satisfaction of overdraft or similar obligations
(including with respect to netting services, automatic clearinghouse arrangements, overdraft
protections and similar arrangements) incurred in the ordinary course of business of such
Restricted Subsidiary; and

     (p) Liens (not otherwise permitted herein) that secure Indebtedness permitted under
Sections 10.1 and 10.3 so long as Priority Debt as of the most recent date on which such
Indebtedness was incurred does not exceed 15% of Consolidated Total Assets as of the last
day of the fiscal quarter of the Company most recently ended immediately on or prior to such
incurrence date, provided, however that Liens permitted by this Section 10.2(p) may not
secure obligations of the Company or any Restricted Subsidiary under any Principal Debt
Facility;

provided, however, that the provisions of this Section 10.2 shall be suspended and of no force and
effect until the amendment to the Existing Credit Facility (or replacement Principal Debt Facility)
required pursuant to Section 4.13(f) has been delivered; after deliver of such amendment, this
provision shall be in full force and effect and binding at all times thereafter.

     Section 10.3. Limitation on Indebtedness. The Company will not, and will not permit any of its
Restricted Subsidiaries to, create, issue, incur, assume, become liable in respect of or suffer to
exist:

     (a) any Indebtedness pursuant to any Receivables Transaction, except for Indebtedness
pursuant to all Receivables Transactions that is (i) non-recourse with
respect to the Company and its Restricted Subsidiaries (other than any Receivables
Subsidiary) and (ii) in an aggregate principal amount as of the most recent date on which
such Indebtedness was incurred not exceeding 15% of Consolidated Total Assets as of the last
day of the fiscal quarter of the Company most recently ended immediately on or prior to such
incurrence date; or

     (b) any Indebtedness of any Restricted Subsidiary other than:

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     (i) Indebtedness of any Receivables Subsidiary pursuant to any Receivables
Transaction permitted under subsection 10.3(a),

     (ii) any Indebtedness of any Restricted Subsidiary which is a Guarantor,

     (iii) any Indebtedness of any Restricted Subsidiary existing on the Agreement
Effective Date and set forth on Schedule 10.3 and any refinancing thereof;
provided, that the then outstanding principal amount thereof is not
increased and the weighted average maturity thereof is not decreased,

     (iv) any Indebtedness of any Restricted Subsidiary owed to the Company or any
other Restricted Subsidiary,

     (v) any Indebtedness arising in respect of capital leases or purchase money
obligations incurred in accordance with subsection 10.2(f),

     (vi) (A) Indebtedness of the Joint Venture and its Subsidiaries under the
Winslow Credit Agreement in a principal amount not to exceed $350,000,000 at any
time, and (B) Permitted JV Refinancing Indebtedness in respect thereof,

     (vii) Indebtedness of any Restricted Subsidiary of the Company in respect of
netting services, automatic clearinghouse arrangements, overdraft protections and
similar arrangements in each case in connection with deposit accounts in the
ordinary course of business, and

     (viii) other Indebtedness of Restricted Subsidiaries so long as Priority Debt
as of the most recent date on which such Indebtedness was incurred does not exceed
15% of Consolidated Total Assets as of the last day of the fiscal quarter of the
Company most recently ended immediately on or prior to such incurrence.

     Section 10.4. Fundamental Changes. The Company will not, and will not permit any of its
Restricted Subsidiaries to, liquidate, windup or dissolve (or suffer any liquidation or
dissolution), or merge, consolidate with or into, or convey, transfer, lease, sell, assign or
otherwise dispose of (whether in one transaction or in a series of transactions) all or
substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any
Person, except that, so long as no Default or Event of Default exists or would result therefrom:

     (a) any Restricted Subsidiary may merge with (i) the Company, provided that the
Company shall be the continuing or surviving Person, or (ii) any one or more Restricted
Subsidiaries, provided that (A) when any wholly-owned Restricted Subsidiary is merging with
another Restricted Subsidiary, such wholly-owned Restricted Subsidiary shall be the
continuing or surviving Person and (B) when any Foreign Subsidiary is merging with a
Domestic Subsidiary, such Domestic Subsidiary shall be the continuing or surviving Person;

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     (b) any (i) Restricted Subsidiary may sell, transfer, contribute, convey or otherwise
dispose of all or substantially all of its assets (upon voluntary liquidation or otherwise),
to the Company or to a Domestic Subsidiary; provided that if the transferor in such a
transaction is a wholly-owned Restricted Subsidiary, then the transferee must also be a
wholly-owned Restricted Subsidiary; (ii) Foreign Subsidiary may sell, transfer, contribute,
convey or otherwise dispose of all of its assets (upon voluntary liquidation or otherwise),
to any other Foreign Subsidiary; or (iii) any Unrestricted Subsidiary may merge or
consolidate with any Restricted Subsidiary, provided that such Restricted Subsidiary shall
be the continuing or surviving Person of such merger or consolidation;

     (c) any Restricted Subsidiary formed solely for the purpose of effecting an
acquisition may be merged or consolidated with any other Person; provided that the
continuing or surviving corporation of such merger or consolidation shall be a Restricted
Subsidiary;

     (d) “Inactive” or “shell” Restricted Subsidiaries (i.e., a Person that is not engaged
in any business and that has total assets of $500,000 or less) may be dissolved or otherwise
liquidated, provided that all of the assets and properties of any such Restricted
Subsidiaries are transferred to the Company or another Restricted Subsidiary upon
dissolution/liquidation;

     (e) the Company may merge or consolidate with any Person, provided that the Company
shall be the continuing or surviving Person; and

     (f) the Company and any of its Restricted Subsidiaries may make Dispositions expressly
permitted by Section 10.5.

     Section 10.5. Dispositions. The Company will not, and will not permit any of its Restricted
Subsidiaries to, make any Disposition or enter into any agreement to make any Disposition, except:

     (a) Dispositions of obsolete, out-moded or worn-out property, whether now owned
or hereafter acquired, in the ordinary course of business;

     (b) Dispositions of inventory and cash equivalents in the ordinary course of business;

     (c) Dispositions of property by any Restricted Subsidiary to the Company or to
any other Restricted Subsidiary;

     (d) Dispositions of Receivables pursuant to Receivables Transactions permitted
under subsection 10.3(a);

     (e) the nonexclusive license of intellectual property of the Company or any of
its Restricted Subsidiaries to third parties in the ordinary course of business;

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     (f) without limitation to clause (a), the Company and its Restricted
Subsidiaries may sell or exchange specific items of machinery or equipment, so long as the
proceeds of each such sale or exchange is used (or contractually committed to be used) to
acquire (and results within one year of such sale or exchange in the acquisition of)
replacement items of machinery or equipment of reasonably equivalent Fair Market Value;

     (g) other Dispositions where (i) in the good faith opinion of the Company, the
Disposition is an exchange for consideration having a Fair Market Value at least equal to
that of the property Disposed of and is in the best interest of the Company or the
applicable Restricted Subsidiary, as the case may be; (ii) immediately after giving effect
to such Disposition, no Event of Default would exist; and (iii) either (A) an amount equal
to the net proceeds realized upon such Disposition are within 90 days after the consummation
of such Disposition applied by the Company to prepay or repay Indebtedness that ranks at
least pari passu with the Notes (other than Indebtedness owing to the Company, any
Subsidiary or any Affiliate of the Company) so long as in connection with any such payment
or prepayment of such Indebtedness, the Company shall, on or before the date of such payment
or prepayment, prepay a Pro Rata Portion of each Note then outstanding as provided in
Section 8.7 or (B) immediately after giving effect to such Disposition, the Disposition
Value of all property that was the subject thereof in any fiscal four quarter period of the
Company plus the Fair Market Value of any other property Disposed of during such four
quarter period (but excluding the Fair Market Value or consideration receivable of all
property and assets disposed of in a Disposition for which the net proceeds are applied in
accordance with clause (A)) does not equal or exceed 15% of Consolidated Total Assets as of
the last day of the then most recently ended fiscal quarter of the Company; and

     (h) Dispositions arising as a result of the redesignation of a Restricted Subsidiary to
an Unrestricted Subsidiary to the extent permitted under Section 9.13.

     Section 10.6. ERISA. The Company will not, and will not permit any of its Restricted
Subsidiaries to, engage in a transaction which could be subject to Section 4069 or 4212(c) of
ERISA, or permit any Plan to (a) engage in any non-exempt “prohibited transaction” (as defined in
Section 406 of ERISA or Section 4975 of the Code); (b) fail to comply with ERISA or any other
applicable laws; or (c) incur any material “accumulated funding deficiency” (as defined in Section
412 of the Code or Section 302 of
ERISA), which, with respect to any event listed above, could reasonably be expected to have a
Material Adverse Effect.

     Section 10.7. Transactions with Affiliates. The Company will not, and will not permit any of
its Restricted Subsidiaries to, enter into any transaction of any kind with any Affiliate of the
Company, other than for compensation and upon fair and reasonable terms with Affiliates in
transactions that are otherwise permitted hereunder no less favorable to the Company or any
Restricted Subsidiary than would be obtained in a comparable arm’s-length transaction with a Person
other than an Affiliate, provided, the foregoing restriction shall not apply to (a) any transaction
between the Company and any of its Restricted Subsidiaries or between any of its Restricted
Subsidiaries, (b) reasonable and customary fees paid to members of the Boards of

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Directors of the
Company and its Restricted Subsidiaries, (c) transactions effected as part of a Receivables
Transaction or (d) compensation arrangements of officers and other employees of the Company and its
Restricted Subsidiaries entered into in the ordinary course of business.

     Section 10.8. Restrictive Agreements. The Company will not, and will not permit any of its
Restricted Subsidiaries to, enter into, incur or permit to exist any agreement or other arrangement
that prohibits, restricts or imposes any condition upon the ability of any Restricted Subsidiary to
pay dividends or other distributions with respect to any shares of its capital stock or to make or
repay loans or advances to the Company or any other Restricted Subsidiary or to Guaranty
Indebtedness of the Company or any other Restricted Subsidiary; provided that (i) the foregoing
shall not apply to prohibitions, restrictions and conditions (x) imposed by law or (y) contained in
the organizational documents of the Joint Venture and its Subsidiaries (including their respective
operating, management or partnership agreements, as applicable) to the extent that such
prohibition, restriction or condition applies only to the property, assets or Equity Interests of,
or dividends, distributions, loans, advances, repayments or guarantees by, the Joint Venture and
its Subsidiaries, (ii) the foregoing shall not apply to restrictions and conditions existing on the
date hereof identified on Schedule 10.8 (but shall apply to any extension or renewal of, or any
amendment or modification expanding the scope of, any such restriction or condition), or (iii) the
foregoing shall not apply to customary restrictions and conditions contained in agreements relating
to the sale of a Restricted Subsidiary pending such sale, provided such restrictions and conditions
apply only to the Restricted Subsidiary that is to be sold and such sale is permitted hereunder.

     Section 10.9. Line of Business. The Company will not, and will not permit any of its
Restricted Subsidiaries to, engage in any business if, as a result, the general nature of the
business in which the Company and its Restricted Subsidiaries, taken as a whole, would then be
engaged would be substantially changed from the general nature of the business in which the Company
and its Restricted Subsidiaries, taken as a whole, are engaged on the Agreement Effective Date.

     Section 10.10. Terrorism Sanctions Regulations. The Company will not and will not permit any
of its Subsidiaries to (a) become a Person described or designated in the Specially Designated
Nationals and Blocked Persons List of the Office of Foreign Assets Control or in Section 1 of the
Anti-Terrorism Order or (b) knowingly engage in any dealings or transactions with any such
Person.

Section 11. Events of Default.

     Any of the following shall constitute an Event of Default:

     (a) The Company shall fail to pay any principal or Make-Whole Amount, if any, on any
Note when due in accordance with the terms thereof or hereof; or the Company shall fail to
pay any interest on any Note, or any fee or other amount payable hereunder, within five
Business Days after any such interest or other amount becomes due in accordance with the
terms thereof or hereof;

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     (b) Any representation or warranty made by the Company or any Guarantor (if any) herein
or in any other Note Document or which is contained in writing delivered pursuant to this
Agreement shall prove to have been incorrect or misleading in any material respect when
made;

     (c) (i) The Company shall default in the observance or performance of any covenant
contained in subsection 9.8, subsection 9.9, subsection 9.10 or Section 10; or (ii) the
Company shall default in the observance or performance of any covenant contained in
subsection 7.1, and such default shall continue unremedied for a period of 10 days; or (iii)
the Company or any Guarantor shall default in the observance or performance of any other
agreement contained in this Agreement or in any Guaranty Agreement (other than as provided
above in this Section), and such default described in this clause (c)(iii) shall continue
unremedied for a period of 30 days; provided that if any such default covered by
this clause (c)(iii), (x) is not capable of being remedied within such 30-day period, (y) is
capable of being remedied within an additional 30-day period and (z) the Company or such
Guarantor is diligently pursuing such remedy during the period contemplated by (x) and (y)
and has advised each holder of Notes as to the remedy thereof, the first 30-day period
referred to in this clause (c)(iii) shall be extended for an additional 30-day period but
only so long as (A) the Company or such Guarantor continues to diligently pursue such
remedy, (B) such default remains capable of being remedied within such period and (C) any
such extension could not reasonably be expected to have a Material Adverse Effect;

     (d) The Company or any Restricted Subsidiary shall fail to make any payment (whether of
principal or interest and regardless of amount) in respect of any Material Indebtedness
(other than Indebtedness permitted under subsection 10.3(b)(vi)), when and as the same shall
become due and payable (after giving effect to all applicable grace periods, if any);

     (e) The Company or any Restricted Subsidiary defaults (whether as primary obligor or as
guarantor or other surety) in any payment of principal of or interest or fees on any
Material Indebtedness beyond any period of grace provided with respect thereto; or an event
or condition occurs that results in any Material Indebtedness (other than
Indebtedness permitted under subsection 10.3(b)(vi)) becoming due prior to its
scheduled maturity, or immediately and without satisfaction of any condition required to be
prepaid, repurchased, redeemed or defeased prior to its scheduled maturity; provided
that this clause (e) shall not apply to secured Indebtedness that becomes due as a result of
the voluntary sale or transfer of the property or assets securing such Indebtedness;

     (f) An involuntary proceeding shall be commenced or an involuntary petition
shall be filed seeking (i) liquidation, reorganization or other relief in respect of the
Company, any Guarantor (if any) or any Significant Subsidiary (other than the Joint Venture
and its Subsidiaries) or its debts, or of a substantial part of its assets, under any
Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or
hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, sequestrator,
conservator or similar official for the Company, any Guarantor (if any) or any Significant
Subsidiary (other than the Joint Venture and its Subsidiaries) or for a substantial part of

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its assets, and, in any such case, such proceeding or petition shall continue undismissed
for 60 days or an order or decree approving or ordering any of the foregoing shall be
entered;

     (g) The Company, any Guarantor or any Significant Subsidiary (other than the Joint
Venture and its Subsidiaries) shall (i) voluntarily commence any proceeding or file any
petition seeking liquidation, reorganization or other relief under any Federal, state or
foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii)
consent to the institution of, or fail to contest in a timely and appropriate manner, any
proceeding or petition described in clause (f) of this Section, (iii) apply for or consent
to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar
official for the Company, any Guarantor or any Significant Subsidiary (other than the Joint
Venture and its Subsidiaries) or for a substantial part of its assets, (iv) file an answer
admitting the material allegations of a petition filed against it in any such proceeding,
(v) make a general assignment for the benefit of creditors, (vi) take any action for the
purpose of effecting any of the foregoing or (vii) shall become unable, admit in writing its
inability or fail generally to pay its debts as they become due;

     (h) An ERISA Event shall have occurred that, in the reasonable judgment of the Required
Holders, when taken together with all other ERISA Events that have occurred, could
reasonably be expected to result in liability to the Company and its Restricted Subsidiaries
in an aggregate amount in excess of $100,000,000;

     (i) Any Note Document, at any time after its execution and delivery and for any reason
other than the agreement of all of holders of the Notes or satisfaction in full of all the
Obligations, ceases to be in full force and effect in any material respect, or is declared
by a court of competent jurisdiction to be null and void, invalid or unenforceable in any
material respect; or the Company or any Guarantor (if any) denies that it has any or further
liability or obligation under any Note Document, or purports to revoke, terminate (except as
expressly permitted hereunder) or rescind any Note Document; or

     (j) One or more judgments (to the extent not covered by insurance where insurance
coverage has been acknowledged) for the payment of money in an aggregate
amount in excess of $100,000,000 shall be rendered against the Company, any Restricted
Subsidiary or any combination thereof and the same shall remain undischarged for a period of
60 consecutive days during which execution shall not be effectively stayed, or any action
shall be legally taken by a judgment creditor to attach or levy upon any assets of the
Company or any Restricted Subsidiary to enforce any such judgment.

Section 12. Remedies on Default, Etc.

     Section 12.1. Acceleration. (a) If an Event of Default with respect to the Company described
in Section 11(f) or (g) (other than an Event of Default described in clause (vii) of Section 11(g)
or described in clause (vi) of Section 11(g) by virtue of the fact that such clause

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encompasses
clause (vii) of Section 11(g)) has occurred, the Facility will automatically terminate and all the
Notes then outstanding shall automatically become immediately due and payable.

     (b) If any other Event of Default has occurred and is continuing, any holder or holders of
more than 50% in principal amount of the Notes at the time outstanding may at any time at its or
their option, by notice or notices to the Company, terminate the Facility and/or declare all the
Notes then outstanding to be immediately due and payable.

     (c) If any Event of Default described in Section 11(a) related to failure to pay interest,
principal or Make-Whole Amount has occurred and is continuing, any holder or holders of Notes at
the time outstanding affected by such Event of Default may at any time, at its or their option, by
notice or notices to the Company, declare all the Notes held by it or them to be immediately due
and payable.

     Upon any Notes becoming due and payable under this Section 12.1, whether automatically or by
declaration, such Notes will forthwith mature and the entire unpaid principal amount of such Notes,
plus (x) all accrued and unpaid interest thereon (including, but not limited to, interest accrued
thereon at the Default Rate) and (y) the Make-Whole Amount determined in respect of such principal
amount (to the full extent permitted by applicable law), shall all be immediately due and payable,
in each and every case without presentment, demand, protest or further notice, all of which are
hereby waived. The Company acknowledges, and the parties hereto agree, that each holder of a Note
has the right to maintain its investment in the Notes free from repayment by the Company (except as
herein specifically provided for) and that the provision for payment of a Make-Whole Amount by the
Company in the event that the Notes are prepaid or are accelerated as a result of an Event of
Default, is intended to provide compensation for the deprivation of such right under such
circumstances.

     Section 12.2. Other Remedies. If any Default or Event of Default has occurred and is
continuing, and irrespective of whether any Notes have become or have been declared immediately due
and payable under Section 12.1, the holder of any Note at the time outstanding may proceed to
protect and enforce the rights of such holder by an action at law, suit in equity or other
appropriate proceeding, whether for the specific
performance of any agreement contained herein or in any Note, or for an injunction against a
violation of any of the terms hereof or thereof, or in aid of the exercise of any power granted
hereby or thereby or by law or otherwise.

     Section 12.3. Rescission. At any time after any Notes have been declared due and payable
pursuant to Section 12.1(b) or (c), the holders of not less than 50% in principal amount of the
Notes then outstanding, by written notice to the Company, may rescind and annul any such
declaration and its consequences if (a) the Company has paid all overdue interest on the Notes, all
principal of and Make-Whole Amount, if any, on any Notes that are due and payable and are unpaid
other than by reason of such declaration, and all interest on such overdue principal and Make-Whole
Amount, if any, and (to the extent permitted by applicable law) any overdue interest in respect of
the Notes, at the Default Rate, (b) neither the Company nor any other Person shall have paid any
amounts which have become due solely by reason of such declaration, (c) all Events of Default and
Defaults, other than non-payment of amounts that have become due solely by reason of such
declaration, have been cured or have been waived pursuant

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to Section 17, and (d) no judgment or
decree has been entered for the payment of any monies due pursuant hereto or to the Notes. No
rescission and annulment under this Section 12.3 will extend to or affect any subsequent Event of
Default or Default or impair any right consequent thereon.

     Section 12.4. No Waivers or Election of Remedies, Expenses, Etc. No course of dealing and no
delay on the part of any holder of any Note in exercising any right, power or remedy shall operate
as a waiver thereof or otherwise prejudice such holder’s rights, powers or remedies. No right,
power or remedy conferred by this Agreement or by any Note upon any holder thereof shall be
exclusive of any other right, power or remedy referred to herein or therein or now or hereafter
available at law, in equity, by statute or otherwise. Without limiting the obligations of the
Company under Section 15, the Company will pay to the holder of each Note on demand such further
amount as shall be sufficient to cover all costs and expenses of such holder incurred in any
enforcement or collection under this Section 12, including, without limitation, reasonable
attorneys’ fees, expenses and disbursements.

Section 13. Registration; Exchange; Substitution of Notes.

     Section 13.1. Registration of Notes. The Company shall keep at its principal executive office
a register for the registration and registration of transfers of Notes. The name and address of
each holder of one or more Notes, each transfer thereof and the name and address of each transferee
of one or more Notes shall be registered in such register. Prior to due presentment for
registration of transfer, the Person in whose name any Note shall be registered shall be deemed and
treated as the owner and holder thereof for all purposes hereof, and the Company shall not be
affected by any notice or knowledge to the contrary. The Company shall give to any holder of a
Note that is an Institutional Investor promptly upon request therefor, a complete and correct copy
of the names and addresses of all registered holders of Notes.

     Section 13.2. Transfer and Exchange of Notes. Upon surrender of any Note to the Company at
the address and to the attention of the designated officer (all as specified in Section 18(iii)),
for registration of transfer or exchange (and in the case of a surrender for registration of
transfer accompanied by a written instrument of transfer duly executed by the registered holder of
such Note or such holder’s attorney duly authorized in writing and accompanied by the relevant
name, address and other information for notices of each transferee of such Note or part thereof),
within ten Business Days thereafter, the Company shall execute and deliver, at the Company’s
expense (except as provided below), one or more new Notes (as requested by the holder thereof) in
exchange therefor, of the same Series and in an aggregate principal amount equal to the unpaid
principal amount of the surrendered Note. Each such new Note shall be payable to such Person as
such holder may request and shall be substantially in the form of Exhibit A. Each such new Note
shall be dated and bear interest from the date to which interest shall have been paid on the
surrendered Note or dated the date of the surrendered Note if no interest shall have been paid
thereon. The Company may require payment of a sum sufficient to cover any stamp tax or
governmental charge imposed in respect of any such transfer of Notes. Notes shall not be
transferred in denominations of less than $100,000, provided that if necessary to enable the
registration of transfer by a holder of its entire holding of Notes, one Note may be in a
denomination of less than $100,000. Any transferee, by its acceptance of a Note registered in its
name (or the name of its nominee), shall be deemed to have made the representation set

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forth in
Section 6.2. Each transferee of Notes shall give written notice to the Company of the transfer of
such notes to such transferee within 30 days after consummation of such transfer, which notice
shall include the name of each transferee of such Notes and a Purchaser Schedule for each such
transferee.

     Section 13.3. Replacement of Notes. Upon receipt by the Company at the address and to the
attention of the designated officer (all as specified in Section 18(iii)) of evidence reasonably
satisfactory to it of the ownership of and the loss, theft, destruction or mutilation of any Note
(which evidence shall be, in the case of an Institutional Investor, notice from such Institutional
Investor of such ownership and such loss, theft, destruction or mutilation), and

     (a) in the case of loss, theft or destruction, of indemnity reasonably satisfactory to
it (provided that if the holder of such Note is, or is a nominee for, an original Purchaser
or another holder of a Note with a minimum net worth of at least $100,000,000 or a Qualified
Institutional Buyer, such Person’s own unsecured agreement of indemnity shall be deemed to
be satisfactory), or

     (b) in the case of mutilation, upon surrender and cancellation thereof,

within ten Business Days thereafter, the Company at its own expense shall execute and deliver, in
lieu thereof, a new Note, dated and bearing interest from the date to which interest shall have
been paid on such lost, stolen, destroyed or mutilated Note or dated the date of such lost, stolen,
destroyed or mutilated Note if no interest shall have been paid thereon.

Section 14. Payments on Notes.

     Section 14.1. Place of Payment. Subject to Section 14.2, payments of principal, Make-Whole
Amount, if any, and interest becoming due and payable on the Notes shall be made in New York, New
York at the principal office of JPMorgan Chase Bank in such jurisdiction. The Company may at any
time, by notice to each holder of a Note, change the place of payment of the Notes so long as such
place of payment shall be either the principal office of the Company in such jurisdiction or the
principal office of a bank or trust company in such jurisdiction.

     Section 14.2. Home Office Payment. So long as any Purchaser or its nominee shall be the
holder of any Note, and notwithstanding anything contained in Section 14.1 or in such Note to the
contrary, the Company will pay all sums becoming due on such Note for principal, Make-Whole Amount,
if any, and interest by the method and at the address specified for such purpose below such
Purchaser’s name in the Confirmation of Acceptance, or by such other method or at such other
address as such Purchaser shall have from time to time specified to the Company in writing for such
purpose, without the presentation or surrender of such Note or the making of any notation thereon,
except that upon written request of the Company made concurrently with or reasonably promptly after
payment or prepayment in full of any Note, such Purchaser shall surrender such Note for
cancellation, reasonably promptly after any such request, to the Company at its principal executive
office or at the place of payment most recently designated by the Company pursuant to Section 14.1.
Prior to any sale or other disposition of any Note held by a Purchaser or its nominee, such
Purchaser will, at its election, either endorse thereon the amount

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of principal paid thereon and
the last date to which interest has been paid thereon or surrender such Note to the Company in
exchange for a new Note or Notes pursuant to Section 13.2. The Company will afford the benefits of
this Section 14.2 to any Institutional Investor that is the direct or indirect transferee of any
Note purchased by a Purchaser under this Agreement and that has made the same agreement relating to
such Note as the Purchasers have made in this Section 14.2.

Section 15. Expenses, Etc.

     Section 15.1. Transaction Expenses. Whether or not the transactions contemplated hereby are
consummated or any Notes are issued hereunder, the Company will pay all reasonable, documented and
invoiced costs and expenses (including reasonable attorneys’ fees of a special counsel and, if
reasonably required by the Required Holders, local or other counsel) incurred by the Purchasers and
each other holder of a Note in connection with such transactions and in connection with any
amendments, waivers or consents under or in respect of this Agreement or the Notes (whether or not
such amendment, waiver or consent becomes effective), including, without limitation: (a) the costs
and expenses incurred in enforcing or defending (or determining whether or how to enforce or
defend) any rights under this Agreement or the Notes or in responding to any subpoena or other
legal process or informal investigative demand issued in connection with this Agreement or the
Notes, or by reason of being a holder of any Note, (b) the costs and expenses, including financial
advisors’ fees, incurred in connection with the insolvency or bankruptcy of the Company or any
Subsidiary or in connection with any work-out or restructuring of the transactions contemplated
hereby and by the Notes and (c) the reasonable, documented and invoiced costs and expenses incurred
in connection with the initial filing of this Agreement and all related documents and financial
information with the SVO provided, that such costs and expenses under this clause (c) shall not
exceed $3,500. The Company will pay, and will save each Purchaser and each other holder of a Note
harmless from, all claims in respect of any reasonable, documented and invoiced fees, costs or
expenses, if any, of brokers and finders (other than those, if any, retained by a Purchaser or
other holder in connection with its purchase of the Notes).

     The Company shall indemnify each holder of the Notes and each of its Related Parties (each
such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from,
any and all losses, claims, damages, penalties, liabilities and related expenses, including the
fees, charges and disbursements of any counsel for any Indemnitee, incurred by or asserted against
any Indemnitee arising out of, in connection with, or as a result of (i) the execution or delivery
of this Agreement, the Notes, the other Note Documents, or any agreement or instrument contemplated
hereby or thereby, the performance by the parties hereto of their respective obligations hereunder
or under the Notes, the other Note Documents, or the consummation of the transactions contemplated
hereby or thereby, (ii) any Notes or the use of the proceeds thereof, (iii) any actual or alleged
presence or release of Hazardous Materials on or from any property owned or operated by the Company
or any of its Subsidiaries, or any Environmental Liability related in any way to the Company or any
of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or
proceeding relating to any of the foregoing, whether based on contract, tort or any other theory,
whether brought by a third party or by the Company or any of the Company’s directors, shareholders
or creditors, and regardless of whether any Indemnitee is

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a party thereto; provided that
such indemnity shall not, as to any Indemnitee, be available to the extent that such losses,
claims, damages, penalties, liabilities or related expenses are determined by a court of competent
jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or
willful misconduct of such Indemnitee. The obligations of the Company under this Section 15.1
shall survive the transfer of any Note or portion thereof or interest therein by any Purchaser or
Transferee and the payment of any Note.

     Section 15.2. Survival. The obligations of the Company under this Section 15 will survive the
payment or transfer of any Note, the enforcement, amendment or waiver of any provision of this
Agreement or the Notes, and the termination of this Agreement.

Section 16. Survival of Representations and Warranties; Entire Agreement.

     All representations and warranties contained herein shall survive the execution and delivery
of this Agreement and the Notes, the purchase or transfer by any Purchaser of any Note or portion
thereof or interest therein and the payment of any Note, and may be relied upon by any subsequent
holder of a Note, regardless of any investigation made at any time by or on behalf of such
Purchaser or any other holder of a Note. All statements contained in any certificate or other
instrument delivered by or on behalf of the Company pursuant to this Agreement shall be deemed
representations and warranties of the Company under this
Agreement. Subject to the preceding sentence, this Agreement and the Notes embody the entire
agreement and understanding between each Purchaser and the Company and supersede all prior
agreements and understandings relating to the subject matter hereof.

Section 17. Amendment and Waiver. 

     Section 17.1. Requirements. This Agreement and the Notes may be amended, and the observance
of any term hereof or of the Notes may be waived (either retroactively or prospectively), with (and
only with) the written consent of the Company and the Required Holders, except that (a) no
amendment or waiver of any of the provisions of Section 1, 2, 3, 4, 5, 6 or 21 hereof, or any
defined term (as it is used therein), will be effective as to any Purchaser unless consented to by
such Purchaser in writing, and (b) no such amendment or waiver may, without the written consent of
the holder of each Note at the time outstanding affected thereby, (i) subject to the provisions of
Section 12 relating to acceleration or rescission, change the amount or time of any prepayment or
payment of principal of, or reduce the rate or change the time of payment or method of computation
of interest or of the Make-Whole Amount on, the Notes, (ii) change the percentage of the principal
amount of the Notes the holders of which are required to consent to any such amendment or waiver,
or (iii) amend any of Sections 8, 11(a), 11(b), 12, 17 or 20.

     Section 17.2. Solicitation of Holders of Notes.

          (a) Solicitation. The Company will provide each holder of the Notes (irrespective of the
amount of Notes then owned by it) with sufficient information, sufficiently far in advance of the
date a decision is required, to enable such holder to make an informed and considered decision with
respect to any proposed amendment, waiver or consent in respect of any of the

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provisions hereof or
of the Notes. The Company will deliver executed or true and correct copies of each amendment,
waiver or consent effected pursuant to the provisions of this Section 17 to each holder of
outstanding Notes promptly following the date on which it is executed and delivered by, or receives
the consent or approval of, the requisite holders of Notes.

          (b) Payment. The Company will not directly or indirectly pay or cause to be paid any
remuneration, whether by way of supplemental or additional interest, fee or otherwise, or grant any
security or provide other credit support, to any holder of Notes as consideration for or as an
inducement to the entering into by any holder of Notes of any waiver or amendment of any of the
terms and provisions hereof unless such remuneration is concurrently paid, or security is
concurrently granted or other credit support concurrently provided, on the same terms, ratably to
each holder of Notes then outstanding even if such holder did not consent to such waiver or
amendment.

     Section 17.3. Binding Effect, etc. Any amendment or waiver consented to as provided in this
Section 17 applies equally to all holders of Notes and is binding upon them and upon each future
holder of any Note and upon the Company without regard to whether such Note has been marked to
indicate such amendment
or waiver. No such amendment or waiver will extend to or affect any obligation, covenant,
agreement, Default or Event of Default not expressly amended or waived or impair any right
consequent thereon. No course of dealing between the Company and the holder of any Note nor any
delay in exercising any rights hereunder or under any Note shall operate as a waiver of any rights
of any holder of such Note. As used herein, the term “this Agreement” and references thereto shall
mean this Agreement as it may from time to time be amended or supplemented.

     Section 17.4. Notes Held by Company, etc. Solely for the purpose of determining whether the
holders of the requisite percentage of the aggregate principal amount of Notes then outstanding
approved or consented to any amendment, waiver or consent to be given under this Agreement or the
Notes, or have directed the taking of any action provided herein or in the Notes to be taken upon
the direction of the holders of a specified percentage of the aggregate principal amount of Notes
then outstanding, Notes directly or indirectly owned by the Company or any of its Affiliates shall
be deemed not to be outstanding.

Section 18. Notices.

     All notices and communications provided for hereunder shall be in writing and sent (a) by
telecopy or e-mail if the sender on the same day sends a confirming copy of such notice by a
recognized overnight delivery service (charges prepaid), or (b) by registered or certified mail
with return receipt requested (postage prepaid), or (c) by a recognized overnight delivery service
(with charges prepaid). Any such notice must be sent:

     (i) if to any Purchaser or its nominee, to such Purchaser or nominee at the address
specified for such communications in the related Confirmation of Acceptance, or at such
other address as such Purchaser or nominee shall have specified to the Company in writing;

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     (ii) if to any other holder of any Note, to such holder at such address as such other
holder shall have specified to the Company in writing;

     (iii) if to the Company, to 135 Duryea Road, Melville, New York 11747, Attention:
Treasurer, E-mail: ferdinand.jahnel@henryschein.com, Phone No: (631) 454-3109, Fax No: (631)
843-9314; with a copy to 135 Duryea Road — Mail Stop E-365, Melville, New York 11747,
Attention: General Counsel, E-mail: michael.ettinger@henryschein.com, Phone No: (631)
843-5989, Fax No: (631) 843-5660 or at such other address as the Company shall have
specified to the holder of each Note in writing; or

     (iv) if to New York Life, to New York Life at the address listed on Schedule B hereto.

Notices under this Section 18 will be deemed given only when actually received.

Section 19. Reproduction of Documents.

     This Agreement and all documents relating thereto, including, without limitation, (a)
consents, waivers and modifications that may hereafter be executed, (b) documents received by any
Purchaser at the Closing (except the Notes themselves), and (c) financial statements, certificates
and other information previously or hereafter furnished to any Purchaser, may be reproduced by such
Purchaser by any photographic, photostatic, electronic, digital, or other similar process and such
Purchaser may destroy any original document so reproduced. The Company agrees and stipulates that,
to the extent permitted by applicable law, any such reproduction shall be admissible in evidence as
the original itself in any judicial or administrative proceeding (whether or not the original is in
existence and whether or not such reproduction was made by such Purchaser in the regular course of
business) and any enlargement, facsimile or further reproduction of such reproduction shall
likewise be admissible in evidence. This Section 19 shall not prohibit the Company or any other
holder of Notes from contesting any such reproduction to the same extent that it could contest the
original, or from introducing evidence to demonstrate the inaccuracy of any such reproduction.

Section 20. Confidential Information.

     For the purposes of this Section 20, “Confidential Information” means information delivered to
any Purchaser by or on behalf of the Company or any Subsidiary in connection with the transactions
contemplated by or otherwise pursuant to this Agreement that is proprietary or confidential in
nature and that was clearly marked or labeled or otherwise adequately identified when received by
such Purchaser as being confidential information of the Company or such Subsidiary, provided that
such term does not include information that (a) was publicly known or otherwise known to such
Purchaser prior to the time of such disclosure, (b) subsequently becomes publicly known through no
act or omission by such Purchaser or any person acting on such Purchaser’s behalf, (c) otherwise
becomes known to such Purchaser other than through disclosure by the Company or any Subsidiary or
(d) constitutes financial statements delivered to such Purchaser under Section 7.1 that are
otherwise publicly available. Each Purchaser will

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maintain the confidentiality of such
Confidential Information in accordance with procedures adopted by such Purchaser in good faith to
protect confidential information of third parties delivered to such Purchaser, provided that such
Purchaser may deliver or disclose Confidential Information to (i) its directors, officers,
employees, agents, attorneys, trustees and affiliates (to the extent such disclosure reasonably
relates to the administration of the investment represented by its Notes), (ii) its financial
advisors and other professional advisors who agree to hold confidential the Confidential
Information substantially in accordance with the terms of this Section 20, (iii) any other holder
of any Note, (iv) any Institutional Investor to which it sells or offers to sell such Note or any
part thereof or any participation therein (if such Person has agreed in writing prior to its
receipt of such Confidential Information to be bound by the provisions of this Section 20), (v) any
Person from which it offers to purchase any security of the Company (if such Person has agreed in
writing prior to its receipt of such Confidential Information to be bound by the provisions of this
Section 20), (vi) any federal or state regulatory authority having jurisdiction over such
Purchaser, (vii) the NAIC or the SVO or, in each case, any similar
organization, or any nationally recognized rating agency that requires access to information
about such Purchaser’s investment portfolio, or (viii) any other Person to which such delivery or
disclosure may be necessary or appropriate (w) to effect compliance with any law, rule, regulation
or order applicable to such Purchaser, (x) in response to any subpoena or other legal process, (y)
in connection with any litigation to which such Purchaser is a party or (z) if an Event of Default
has occurred and is continuing, to the extent such Purchaser may reasonably determine such delivery
and disclosure to be necessary or appropriate in the enforcement or for the protection of the
rights and remedies under such Purchaser’s Notes and this Agreement. Each holder of a Note, by its
acceptance of a Note, will be deemed to have agreed to be bound by and to be entitled to the
benefits of this Section 20 as though it were a party to this Agreement. On reasonable request by
the Company in connection with the delivery to any holder of a Note of information required to be
delivered to such holder under this Agreement or requested by such holder (other than a holder that
is a party to this Agreement or its nominee), such holder will enter into an agreement with the
Company embodying the provisions of this Section 20.

Section 21. Substitution of Purchaser.

     Each Purchaser shall have the right to substitute any one of its Affiliates as the purchaser
of the Notes that it has agreed to purchase under any Confirmation of Acceptance, by written notice
to the Company, which notice shall be signed by both such Purchaser and such Affiliate, shall
contain such Affiliate’s agreement to be bound by this Agreement and shall contain a confirmation
by such Affiliate of the accuracy with respect to it of the representations set forth in Section 6.
Upon receipt of such notice, any reference to such Purchaser in this Agreement (other than in this
Section 21), shall be deemed to refer to such Affiliate in lieu of such original Purchaser. In the
event that such Affiliate is so substituted as a Purchaser hereunder and such Affiliate thereafter
transfers to such original Purchaser all of the Notes then held by such Affiliate, upon receipt by
the Company of notice of such transfer, any reference to such Affiliate as a “Purchaser” in this
Agreement (other than in this Section 21), shall no longer be deemed to refer to such Affiliate,
but shall refer to such original Purchaser, and such original Purchaser shall again have all the
rights of an original holder of the Notes under this Agreement.

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Section 22. Miscellaneous.

     Section 22.1. Successors and Assigns. All covenants and other agreements contained in this
Agreement by or on behalf of any of the parties hereto bind and inure to the benefit of their
respective successors and assigns (including, without limitation, any subsequent holder of a Note)
whether so expressed or not.

     Section 22.2. Payments Due on Non-Business Days. Anything in this Agreement or the Notes to
the contrary notwithstanding (but without limiting the requirement in Section 8.4 that the notice
of any optional prepayment specify a Business Day as the date fixed for such prepayment), any
payment of principal of or Make-Whole Amount or interest on any Note that is due on a date other
than a Business Day shall be made on the next succeeding Business Day without including the
additional days elapsed in the computation of the interest payable on such next succeeding
Business Day; provided that if the maturity date of any Note is a date other than a Business Day,
the payment otherwise due on such maturity date shall be made on the next succeeding Business Day
and shall include the additional days elapsed in the computation of interest payable on such next
succeeding Business Day.

     Section 22.3. Accounting Terms. All accounting terms used herein which are not expressly
defined in this Agreement have the meanings respectively given to them in accordance with GAAP.
Except as otherwise specifically provided herein, (i) all computations made pursuant to this
Agreement shall be made in accordance with GAAP, and (ii) all financial statements shall be
prepared in accordance with GAAP.

     Section 22.4. Severability. Any provision of this Agreement that is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining provisions hereof, and any
such prohibition or unenforceability in any jurisdiction shall (to the full extent permitted by
law) not invalidate or render unenforceable such provision in any other jurisdiction.

     Section 22.5. Construction, etc. Each covenant contained herein shall be construed (absent
express provision to the contrary) as being independent of each other covenant contained herein, so
that compliance with any one covenant shall not (absent such an express contrary provision) be
deemed to excuse compliance with any other covenant. Where any provision herein refers to action
to be taken by any Person, or which such Person is prohibited from taking, such provision shall be
applicable whether such action is taken directly or indirectly by such Person.

          For the avoidance of doubt, all Schedules and Exhibits attached to this Agreement shall be
deemed to be a part hereof.

     Section 22.6. Counterparts. This Agreement may be executed in any number of counterparts,
each of which shall be an original but all of which together shall constitute one instrument. Each
counterpart may consist of a number of copies hereof, each signed by less than all, but together
signed by all, of the parties hereto.

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     Section 22.7. Governing Law. This Agreement shall be construed and enforced in accordance
with, and the rights of the parties shall be governed by, the law of the State of New York
excluding choice-of-law principles of the law of such State that would permit the application of
the laws of a jurisdiction other than such State.

     Section 22.8. Jurisdiction and Process; Waiver of Jury Trial. (a) The Company irrevocably
submits to the non-exclusive jurisdiction of any New York State or federal court sitting in the
Borough of Manhattan, The City of New York, over any suit, action or proceeding arising out of or
relating to this Agreement or the Notes. To the fullest extent permitted by applicable law, the
Company irrevocably waives and agrees not to assert, by way of motion, as a defense or otherwise,
any claim that it is not subject to the jurisdiction of any such court, any objection that it may
now or hereafter have to the laying of the venue of any such suit, action or proceeding brought in
any such court and any claim that any such suit, action or proceeding brought in any such court has
been brought in an inconvenient forum.

     (b) The Company consents to process being served by or on behalf of any holder of Notes in any
suit, action or proceeding of the nature referred to in Section 22.8(a) by mailing a copy thereof
by registered or certified mail (or any substantially similar form of mail), postage prepaid,
return receipt requested, to it at its address specified in Section 18 or at such other address of
which such holder shall then have been notified pursuant to such Section. The Company agrees that
such service upon receipt (i) shall be deemed in every respect effective service of process upon it
in any such suit, action or proceeding and (ii) shall, to the fullest extent permitted by
applicable law, be taken and held to be valid personal service upon and personal delivery to it.
Notices hereunder shall be conclusively presumed received as evidenced by a delivery receipt
furnished by the United States Postal Service or any reputable commercial delivery service.

     (c) Nothing in this Section 22.8 shall affect the right of any holder of a Note to serve
process in any manner permitted by law, or limit any right that the holders of any of the Notes may
have to bring proceedings against the Company in the courts of any appropriate jurisdiction or to
enforce in any lawful manner a judgment obtained in one jurisdiction in any other jurisdiction.

     (d) The parties hereto hereby waive trial by jury in any action brought on or with respect
to this Agreement, the Notes or any other document executed in connection herewith or
therewith.

* * * * *

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     If you are in agreement with the foregoing, please sign the form of agreement on a counterpart
of this Agreement and return it to the Company, whereupon this Agreement shall become a binding
agreement between you and the Company.

	 	 	 	 	 
	 	Very truly yours,

Henry Schein, Inc.

 	 
	 	By  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	This Agreement is hereby

accepted and agreed to as

of the date thereof.

New York Life Investment Management LLC

 	 
	 	By 	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

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SCHEDULE A

Defined Terms

     Part 1.1. Defined Terms.

     As used herein, the following terms have the respective meanings set forth below or set forth
in the Section hereof following such term:

     “Acceptance” is defined in Section 2.6.

     “Acceptance Day” is defined in Section 2.6.

     “Acceptance Window” is defined in Section 2.6.

     “Accepted Note” is defined in Section 2.6.

     “Affiliate” means as to any Person, any other Person (other than a Subsidiary) which, directly
or indirectly, is in control of, is controlled by, or is under common control with, such Person.
For purposes of this definition, “control” of a Person means the power, directly or indirectly,
either to (a) vote 25% or more of the securities having ordinary voting power for the election of
directors of (or persons performing similar functions for) such Person or (b) direct or cause the
direction of the management and policies of such Person, whether by contract or otherwise. Unless
the context otherwise clearly requires, any reference to an “Affiliate” is a reference to an
Affiliate of the Company.

     “Agreement” means this Note Purchase Agreement, as amended, supplemented or otherwise modified
from time to time.

     “Agreement Effective Date” means August 9, 2010.

     “Anti-Terrorism Order” means Executive Order No. 13,224 of September 24, 2001, Blocking
Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit or Support
Terrorism, 66 U.S. Fed. Reg. 49, 079 (2001), as amended.

     “Attorney Costs” means all reasonable fees and disbursements of any law firm or other external
counsel.

     “Available Facility Amount” means, at any point in time, (a) the aggregate principal amount of
Notes stated in Section 1.1, minus (b) the aggregate principal amount of Notes purchased and sold
pursuant to this Agreement prior to that time, minus (c) the aggregate principal amount of Accepted
Notes that have not been purchased and sold hereunder prior to that time and for which the closing
has not been cancelled, plus (d) the aggregate principal

 

 

amount of Notes purchased, sold, and repaid or prepaid pursuant to this Agreement prior to
that time.

     “Business Day” means any day other than a Saturday, a Sunday or a day on which commercial
banks in New York, New York are required or authorized to be closed.

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

     “Change in Control” means (A) any Person or “group” (within the meaning of Section 13(d) or
14(d) of the Securities Exchange Act of 1934, as amended) (i) shall have acquired beneficial
interest of 50% or more of any outstanding class of equity interests having ordinary voting power
in the election of the directors of the Company (other than the aggregate beneficial ownership of
the Persons who are officers or directors of the Company on the Agreement Effective Date) or (ii)
shall obtain the power (whether or not exercised) to elect a majority of the Company’s directors or
(B) the board of directors of the Company shall not consist of a majority of Continuing Directors.

     “Closing” means any closing of the purchase and sale of Notes hereunder.

     “Closing Date” means, with respect to any Accepted Note, the Business Day specified for the
closing of the purchase and sale of the Accepted Note in the Request for Purchase of the Accepted
Note, provided that if the Company and the Purchaser which is obligated to purchase the Accepted
Note agree on an earlier Business Day for the closing, the “Closing Date” for the Accepted Note is
the earlier Business Day.

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

     “Company” is defined in the first paragraph of this Agreement.

     “Confirmation of Acceptance” is defined in Section 2.6

     “Confidential Information” is defined in Section 20.

     “Consolidated EBITDA” means for any period, Consolidated Operating Income plus, without
duplication, (a) Consolidated Interest Income, (b) depreciation, (c) amortization, (d) all non-cash
charges, and (e) all non-recurring, unusual and extraordinary charges, costs and expenses
(including merger, restructuring and integration charges, costs and expenses).

     “Consolidated Gross Profit” means for any period, net sales less cost of sales of the Company
and its Restricted Subsidiaries for such period, determined on a consolidated basis in

-2-

 

accordance with GAAP and as calculated consistent with the manner disclosed by the Company in
its Annual Report on Form 10-K for the fiscal year ended December 26, 2009.

     “Consolidated Interest Income” means for any period, the interest income of the Company and
its Restricted Subsidiaries for such period, determined on a consolidated basis in accordance with
GAAP and as calculated consistent with the manner disclosed by the Company in its Annual Report on
Form 10-K for the fiscal year ended December 26, 2009.

     “Consolidated Leverage Ratio” means at any date of determination, the ratio of (a)
Consolidated Total Net Debt on such date to (b) Consolidated EBITDA for the period of the four
fiscal quarters ending on (or most recently ended prior to) such date.

     “Consolidated Operating Expenses” means for any period, total expenses related to salaries,
employee benefits and general and administrative expenses of the Company and its Restricted
Subsidiaries determined on a consolidated basis in accordance with GAAP and as calculated
consistent with the manner disclosed by the Company in its Annual Report on Form 10-K for the
fiscal year ended December 26, 2009.

     “Consolidated Operating Income” means for any period, Consolidated Gross Profit less
Consolidated Operating Expenses of the Company and its Restricted Subsidiaries determined on a
consolidated basis in accordance with GAAP and as calculated consistent with the manner disclosed
by the Company in its Annual Report on Form 10-K for the fiscal year ended December 26, 2009.

     “Consolidated Total Assets” means at any date of determination, the net book value of all
assets of the Company and its Restricted Subsidiaries determined on a consolidated basis in
accordance with GAAP and as calculated consistent with the manner disclosed by the Company in its
Annual Report on Form 10-K for the fiscal year ended December 26, 2009.

     “Consolidated Total Net Debt” means at any date of determination, without duplication (a) the
aggregate amount of all Indebtedness of the Company and its Restricted Subsidiaries, minus
(b) the Unrestricted Cash Amount of the Company and its Restricted Subsidiaries, in each case
determined on a consolidated basis in accordance with GAAP as of such date.

     “Continuing Directors” means as to the Company, the directors of the Company on the Agreement
Effective Date and each other director of the Company whose nomination for election to the Board of
Directors of Company is recommended by a majority of the then Continuing Directors.

     “Contractual Obligation” means any indenture, mortgage, deed of trust, loan, purchase or
credit agreement, lease, or any other agreement or instrument to which the Company or any
Subsidiary is bound or by which the Company or any Subsidiary or any of their respective properties
may be bound or affected or any security issued by the Company or any Subsidiary.

     “Control Event” means the execution of any written agreement which, when fully performed by
the parties thereto, would result in a Change in Control.

-3-

 

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

     “Default Rate” means that rate of interest that is the greater of (i) 1% per annum above the
rate of interest stated in clause (a) of the first paragraph of the Notes or (ii) 1% over the rate
of interest publicly announced by JPMorgan Chase Bank in New York, New York as its “base” or
“prime” rate.

     “Disclosed Matters” means the actions, suits and proceedings and the environmental matters
disclosed in Schedule 5.11.

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

     “Disposition Value” means (a) in the case of property that does not constitute Subsidiary
Stock, the book value thereof, valued at the time of such Disposition in good faith by the Company,
and (b) in the case of property that constitutes Subsidiary Stock, an amount equal to that
percentage of book value of the assets of the Restricted Subsidiary that issued such stock as is
equal to the percentage that the book value of such Subsidiary Stock represents of the book value
of all of the outstanding Equity Interests of such Restricted Subsidiary (assuming, in making such
calculations, that all securities convertible into such Equity Interests are so converted and
giving full effect to all transactions that would occur or be required in connection with such
conversion) determined at the time of the Disposition thereof, in good faith by the Company.

     “Domestic Subsidiary” means any Restricted Subsidiary other than a Foreign Subsidiary.

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

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

     “Environmental Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the
Company or any Restricted Subsidiary directly or indirectly resulting from or based upon (a)
violation of any Environmental Law, (b) the generation, use, handling, transportation, storage,
treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the
release or threatened release of any Hazardous Materials into the environment or (e) a claim made
pursuant to any written contract, agreement or other written and binding

-4-

 

consensual arrangement pursuant to which liability is assumed or imposed by or on Company or any of its
Restricted Subsidiaries with respect to any of the foregoing.

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

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

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

     “ERISA Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or the
regulations issued thereunder with respect to a Plan (other than an event for which the 30 -day
notice period is waived); (b) the existence with respect to any Plan of an “accumulated funding
deficiency” (as defined in Section 412 of the Code or Section 302 of ERISA), whether or not waived;
(c) prior to January 1, 2008, any failure by any Plan to satisfy the minimum funding standards
(within the meaning of Section 412 of the code or Section 302 of ERISA) applicable to such Plan;
(d) the filing pursuant to Section 412(d) of the Code or Section 303(d) of ERISA of an application
for a waiver of the minimum funding standard with respect to any Plan; (e) the incurrence by the
Company or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the
termination of any Plan; (f) a determination that any Plan is in “at risk” status (within the
meaning of Section 430 of the Code or Title IV of ERISA; (g) the receipt by the Company or any of
its ERISA Affiliates from the PBGC or a plan administrator of any notice relating to an intention
to terminate any Plan or Plans or to appoint a trustee to administer any Plan under Section 4042 of
ERISA; (h) the incurrence by the Company or any of its ERISA Affiliates of any liability with
respect to the withdrawal or partial withdrawal from any Multiemployer Plan; or (i) the receipt by
the Company or any ERISA Affiliate of any notice (x) imposing withdrawal liability under Title IV
of ERISA or (y) stating that a Multiemployer Plan is, or is reasonably expected to be, Insolvent or
in Reorganization (within the meaning of Title IV of ERISA).

     “Event of Default” means any of the events specified in Section 11.

     “Existing Credit Facility” means the $400,000,000 Credit Agreement dated as of September 5,
2008, among the Borrower, the several lenders party thereto, JPMorgan Chase Bank, N.A., as
administrative agent and HSBC Bank USA, N.A., The Bank of New York Mellon, and UniCredit Markets
and Investment Banking, acting through Bayerische Hypo- und Vereinsbank AG, New York Branch, as
co-syndication agents, as amended, restated, supplemented or otherwise modified from time to time.

-5-

 

     “Existing Note Agreement” means that certain Note Purchase Agreement dated as of September 25,
1998, as amended, between the Company and the various note holders party thereto.

     “Facility” is defined in Section 2.1.

     “Facility Fee” is defined in Section 3.2.

     “Fair Market Value” means at any time and with respect to any property, the sale value of such
property that would be realized in an arm’s-length sale at such time between an informed and
willing buyer and an informed and willing seller (neither being under a compulsion to buy or sell).

     “Financing Lease” means any lease of property, real or personal, the obligations of the lessee
in respect of which are Capital Lease Obligations on a balance sheet of the lessee.

     “Foreign Subsidiary” means any Restricted Subsidiary incorporated or otherwise organized in
any jurisdiction outside the United States of America, its territories and possessions.

     “GAAP” means generally accepted accounting principles in the United States of America
consistently applied with respect to those utilized in preparing the audited financial statements
referred to in subsection 5.1.

     “Governmental Authority” means

     (a) the government of

     (i) the United States of America or any State or other political subdivision of
either thereof, or

     (ii) any other jurisdiction in which the Company or any Restricted Subsidiary
conducts all or a substantial part of its business, or which asserts jurisdiction
over any properties of the Company or any Restricted Subsidiary, or

     
(b) any entity exercising executive, legislative, judicial, regulatory or
administrative functions of, or pertaining to, any such government.

     “Guarantee Obligation” means as to any Person (the “guaranteeing person”), any
obligation of (a) the guaranteeing person or (b) another Person (including, without limitation, any
bank under any letter of credit) to induce the creation of which the guaranteeing person has issued
a reimbursement, counterindemnity or similar obligation, in either case guaranteeing or in effect
guaranteeing any Indebtedness, leases, dividends or other obligations (the “primary
obligations”) of any other unrelated third Person (the “primary obligor”) in any
manner, whether directly or indirectly, including, without limitation, any obligation of the
guaranteeing person, whether or not contingent, (i) to purchase any such primary obligation or any
property constituting direct or indirect security therefor, (ii) to advance or supply funds (1) for
the purchase or payment of any such primary obligation or (2) to maintain working capital or equity

-6-

 

capital of the primary obligor or otherwise to maintain the net worth or solvency of the
primary obligor, (iii) to purchase property, securities or services primarily for the purpose of
assuring the owner of any such primary obligation of the ability of the primary obligor to make
payment of such primary obligation or (iv) otherwise to assure or hold harmless the owner of any
such primary obligation against loss in respect thereof; provided, however, that
the term Guarantee Obligation shall not include endorsements of instruments for deposit or
collection in the ordinary course of business. The amount of any Guarantee Obligation shall be
deemed to be an amount equal to the stated or determinable amount of the related primary
obligation, or portion thereof, in respect of which such Guarantee Obligation is made or, if not
stated or determinable, the maximum reasonably anticipated liability in respect thereof as
determined by the guaranteeing Person in good faith.

     “Guarantors” means any Restricted Subsidiary of the Company that has executed and delivered,
and remains bound by, a Guaranty Agreement pursuant to the terms hereof.

     “Guaranty” means, with respect to any Person, any obligation (except the endorsement in the
ordinary course of business of negotiable instruments for deposit or collection) of such Person
guaranteeing or in effect guaranteeing any indebtedness, dividend or other obligation of any other
Person in any manner, whether directly or indirectly, including (without limitation) obligations
incurred through an agreement, contingent or otherwise, by such Person:

     (a) to purchase such indebtedness or obligation or any property constituting security
therefor;

     (b) to advance or supply funds (i) for the purchase or payment of such indebtedness or
obligation, or (ii) to maintain any working capital or other balance sheet condition or any
income statement condition of any other Person or otherwise to advance or make available
funds for the purchase or payment of such indebtedness or obligation;

     (c) to lease properties or to purchase properties or services primarily for the purpose
of assuring the owner of such indebtedness or obligation of the ability of any other Person
to make payment of the indebtedness or obligation; or

     (d) otherwise to assure the owner of such indebtedness or obligation against loss in
respect thereof.

In any computation of the indebtedness or other liabilities of the obligor under any Guaranty, the
indebtedness or other obligations that are the subject of such Guaranty shall be assumed to be
direct obligations of such obligor.

     “Guaranty Agreement” means each guaranty agreement in
form and substance acceptable to the Required Holders) executed by any Subsidiary of
the Company.

     “Hazardous Material” means all explosive or radioactive substances or wastes and all hazardous
or toxic substances, wastes or other pollutants, including petroleum or petroleum

-7-

 

distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas,
infectious or medical wastes and all other substances or wastes of any nature, to the extent
regulated pursuant to any Environmental Law.

     “holder” means, with respect to any Note the Person in whose name such Note is registered in
the register maintained by the Company pursuant to Section 13.1.

     “Indebtedness” means of any Person at any date, without duplication, (a) all indebtedness of
such Person for borrowed money, (b) all obligations of such Person for the deferred purchase price
of property or services, (c) all obligations of such Person evidenced by notes, bonds, debentures
or other similar instruments, (d) all obligations of such Person created or arising under any
conditional sale or other title retention agreement with respect to property acquired by such
Person, (e) all Capital Lease Obligations of such Person, (f) all obligations of such Person,
contingent or otherwise, as an account party or applicant under or in respect of bankers’
acceptances, letters of credit, surety bonds or similar arrangements, (g) all indebtedness of such
Person, determined in accordance with GAAP, arising out of a Receivables Transaction, (h) all
Guarantee Obligations of such Person, (i) all obligations of such Person secured by (or for which
the holder of such obligation has an existing right, contingent or otherwise, to be secured by) any
Lien on property (including accounts and contract rights) owned by such Person, whether or not such
Person has assumed or become liable for the payment of such obligation; provided,
however, that in the event that liability of such Person is non-recourse to such Person and
is recourse only to specified property owned by such Person, the amount of Indebtedness attributed
thereto shall not exceed the greater of the Fair Market Value of such property or the net book
value of such property, and (j) for the purposes of the definition of “Material Indebtedness” only
(except to the extent otherwise included above), all obligations of such Person in respect of Swap
Contracts; provided that for the purposes of the definition of “Material Indebtedness,” the
“principal amount” of the obligations of such Person in respect of any Swap Contract at any time
shall be the maximum aggregate amount (giving effect to any netting agreements) that such Person
would be required to pay if such Swap Contract were terminated at such time. The Indebtedness of
any Person shall include the Indebtedness of any other entity (including any partnership in which
such Person is a general partner) to the extent such Person is actually liable therefor as a result
of such Person’s ownership interest in or other relationship with such entity, except to the extent
the terms of such Indebtedness expressly provide that such Person is not actually liable therefor.

     “Insolvency” means with respect to any Multiemployer Plan, the condition that such Plan is
insolvent within the meaning of Section 4245 of ERISA.

     “Insolvent” means pertaining to a condition of Insolvency.

     “Institutional Investor” means (a) any Purchaser of a Note, (b) any holder of a Note holding
(together with one or more of its affiliates) more than 5.0% of the aggregate principal amount of
the Notes then outstanding, (c) any bank, trust company, savings and loan association or other
financial institution, any pension plan, any investment company, any insurance company, any broker
or dealer, or any other similar financial institution or entity, regardless of legal form, and (d)
any Related Fund of any holder of any Note.

-8-

 

     “Issuance Period” is defined in Section 2.2.

     “Joint Venture” means W.A. Butler Company, a Delaware corporation (currently known as Winslow
Acquisition Company, together with its permitted successors and assigns).

     “Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement,
encumbrance, lien (statutory or other), charge or other security interest or any preference,
priority or other security agreement or preferential arrangement of any kind or nature whatsoever
(including, without limitation, any conditional sale or other title retention agreement and any
Financing Lease having substantially the same economic effect as any of the foregoing).

     “Make-Whole Amount” is defined in Section 8.6.

     “Market Disruption” is defined in Section 2.7.

     “Material” means material in relation to the business, operations, affairs, financial
condition, assets or properties, of the Company and its Restricted Subsidiaries taken as a whole.

     “Material Adverse Effect” means a material adverse effect on (a) the business, operations,
affairs, financial condition, assets or properties of the Company and its Restricted Subsidiaries
taken as a whole, or (b) the ability of the Company to perform its obligations under this Agreement
and the Notes, or the ability of the Guarantors to perform their obligations under the Guaranties
or (c) the validity or enforceability of this Agreement, the Notes or Guaranties or the material
rights and remedies of the holders of the Notes thereunder.

     “Material Indebtedness” means Indebtedness (other than the Indebtedness evidenced by the
Notes) of any one or more of the Company and its Restricted Subsidiaries in an aggregate principal
amount exceeding $100,000,000.

     “Multiemployer Plan” means any Plan that is a “multiemployer plan” (as such term is defined
in section 4001(a)(3) of ERISA).

     “NAIC” means the National Association of Insurance Commissioners or any successor thereto.

     “New York Life” is defined in the first paragraph of this Agreement.

     “New York Life Affiliate” means (a) any corporation or other entity controlling, controlled
by, or under common control with, New York Life or (b) any managed account or investment fund which
is managed by New York Life or a New York Life Affiliate described in clause (a) of this
definition. For purposes of this definition, the terms “control,” “controlling” and “controlled”
shall mean the ownership, directly or through subsidiaries, of a majority of a corporation’s or
other entity’s voting stock or equivalent voting securities or interests.

     “Note Documents” means this Agreement, any Notes and any Guaranty Agreements executed and
delivered pursuant to the terms of this Agreement, and any collateral documents

-9-

 

executed or delivered to or in favor of any holders of the Notes or their agent or
representative in accordance with the terms of this Agreement.

     “Notes” is defined in Section 1.1.

     “Obligations” means collectively, the unpaid principal of and interest on the Notes and all
other obligations and liabilities of the Company under this Agreement and the other Note Documents
to which it is a party (including, without limitation, interest accruing at the then applicable
rate provided in this Agreement or any other applicable Note Document after the maturity of the
Notes and interest accruing at the then applicable rate provided in this Agreement or any other
applicable Note Document after the filing of any petition in bankruptcy, or the commencement of any
insolvency, reorganization or like proceeding, relating to the Company, whether or not a claim for
post-filing or post-petition interest is allowed in such proceeding), whether direct or indirect,
absolute or contingent, due or to become due, or now existing or hereafter incurred, which may
arise under, out of, or in connection with, this Agreement, the Notes, the other Note Documents, or
any other document made, delivered or given in connection therewith, in each case whether on
account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or
otherwise (including, without limitation, all Attorney Costs of counsel to the Purchasers that are
required to be paid by the Company pursuant to the terms of this Agreement or any other Note
Document).

     “Officer’s Certificate” means a certificate of a Senior Financial Officer or of any other
officer of the Company whose responsibilities extend to the subject matter of such certificate.

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

     “Permitted JV Refinancing Indebtedness” means Indebtedness of the Joint Venture and its
Subsidiaries which satisfies each of the following conditions: (a) to the extent that such
Indebtedness is to be secured by a Lien on any assets or property, or the Equity Interests, of the
Joint Venture and its Subsidiaries, the terms of such Indebtedness (including the Liens that secure
such Indebtedness) shall be substantially similar to those provided in the Winslow Credit Documents
(other than changes which extend the maturity thereof, decrease the interest rate applicable
thereto, release a portion of the assets subject to such Liens or otherwise amend the terms in a
manner that could not reasonably be expected to be materially adverse to the interests of the
Purchasers taken as a whole) and any Liens that secure such Indebtedness do not cover any
additional assets, property or Equity Interests; (b) such Indebtedness shall consist of (i) a
secured facility which satisfies the requirements of clause (a) above or (ii) an unsecured or
subordinated facility (and guarantees in respect thereof provided by any Subsidiary of the Joint
Venture) with terms customary for facilities of such type at such time; (c) no Default or Event of
Default shall have occurred and be continuing or would result from the incurrence of such
Indebtedness; (d) such Indebtedness shall not be subject to any amortization or required repayment
obligations (other than, in the case of a secured facility, as contemplated by clause (a) above or,
in the case of an unsecured or subordinated facility, as then reflects the customary terms for
facilities of such type at such time) on or prior to the Termination Date (as defined in the
Existing Credit Facility as in effect on the date hereof); (e) the net proceeds of such

-10-

 

Indebtedness (other than any revolving Indebtedness) are concurrently applied to the
prepayment of the Indebtedness to be refinanced; and (f) each Purchaser shall have received (x) a
certificate of a Responsible Officer of the Joint Venture certifying compliance with the conditions
set forth in this definition (and attaching any other information reasonably required by the
Required Holders) and (y) copies of all the loan documents relating to such Indebtedness at least
three Business Days prior to the funding of any such Indebtedness.

     “Person” means an individual, partnership, corporation, business trust, limited liability
company, joint stock company, trust, unincorporated association, joint venture, Governmental
Authority or other entity of whatever nature. “Plan” means an “employee benefit plan” (as defined
in section 3(3) of ERISA) subject to Title I of ERISA that is or, within the preceding five years,
has been established or maintained, or to which contributions are or, within the preceding five
years, have been made or required to be made, by the Company or any ERISA Affiliate or with respect
to which the Company or any ERISA Affiliate may have any liability.

     “Plan” means at a particular time, any “employee pension benefit plan,” as such term is
defined in Section 3(2) of ERISA and which is subject to Title IV of ERISA and/or Section 412 of
the Code, other than a Multiemployer Plan, and in respect of which the Company or an ERISA
Affiliate is (or, if such plan were terminated at such time, would under Section 4069 of ERISA be
deemed to be) an “employer” as defined in Section 3(5) of ERISA or to which the Company or an ERISA
Affiliate contributes or has an obligation to contribute.

     “Principal Debt Facility” means any agreement, instrument or facility, and any renewal,
refinancing, refunding or replacement thereof, or any two or more of any of the foregoing forming
part of a common interrelated financing or other transaction (collectively, a “Debt Agreement”) in
respect of which the Company or any Restricted Subsidiary (other than the Joint Venture and its
Subsidiaries) is a borrower, guarantor or other obligor, providing for the incurrence of
Indebtedness by the Company or any Restricted Subsidiary in an aggregate principal amount equal to
or in excess of $300,000,000 (or the equivalent thereof in any other currency), regardless of the
principal amount outstanding thereunder from time to time. For the avoidance of doubt, each of the
Existing Credit Facility, the Indebtedness under the Existing Note Agreement and the Indebtedness
under the Prudential Note Agreement is a Principal Debt Facility.

     “Priority Debt” shall mean, without duplication and as at any time of determination thereof,
the sum of the following items: (i) Indebtedness of the Company secured by Liens (other than Liens
permitted under clauses (a) through (o) of Section 10.2); (ii) Indebtedness of any Restricted
Subsidiary owing to any Person (other than Indebtedness permitted under clauses (i) through (viii)
of Section 10.3(b)); and (iii) preferred stock of any Restricted Subsidiary held by any Person
other than the Company or a wholly owned Restricted Subsidiary.

     “property” or “properties” means, unless otherwise specifically limited, real or personal
property of any kind, tangible or intangible, choate or inchoate.

     “Proposed Prepayment Date” shall have the meaning specified in Section 8.6(c).

-11-

 

     “Pro Rata Portion” means, with respect to a Note and the prepayment of Indebtedness for
purposes of Sections 8.7 and 10.5(g), the portion of such Note equal to (a) the aggregate amount of
the proceeds to be used in the prepayment or repayment of all Indebtedness pursuant to Section
10.5(g) (including the Notes) multiplied by (b) a fraction, the numerator of which is the aggregate
principal amount of such Note and the denominator of which is the aggregate principal amount of all
such Indebtedness to be prepaid or repaid in accordance with Section 10.5(g).

     “Prudential Note Agreement” means that certain Private Shelf Agreement, dated on or about the
date hereof, by and between the Company, Prudential Investment Management, Inc. and each Prudential
Investment Management, Inc. affiliate which becomes party thereto, as amended, restated,
supplemented or otherwise modified from time to time.

     “PTE” is defined in Section 6.2(a).

     “Purchaser” is defined in the first paragraph of this Agreement.

     “Qualified Institutional Buyer” means any Person who is a “qualified institutional buyer”
within the meaning of such term as set forth in Rule 144A(a)(1) under the Securities Act.

     “Receivables” means any accounts receivable of any Person, including, without limitation, any
thereof constituting or evidenced by chattel paper, instruments or general intangibles, and all
proceeds thereof and rights (contractual and other) and collateral related thereto.

     “Receivables Subsidiary” means any special purpose, bankruptcy-remote Restricted Subsidiary
that purchases Receivables generated by the Company or any of its Restricted Subsidiaries.

     “Receivables Transaction” means any transaction or series of transactions providing for the
financing of Receivables of the Company or any of its Restricted Subsidiaries, involving one or
more sales, contributions or other conveyances by the Company or any of its Restricted Subsidiaries
of its/their Receivables to Receivables Subsidiaries which finance the purchase thereof by means of
the incurrence of Indebtedness or otherwise. Notwithstanding anything contained in the foregoing to
the contrary: (a) no portion of the Indebtedness (contingent or otherwise) with respect to any
Receivables Transactions shall (i) be guaranteed by the Company or any of its Restricted
Subsidiaries, (ii) involve recourse to the Company or any of its Restricted Subsidiaries (other
than the relevant Receivables Subsidiary), or (iii) require or involve any credit support or credit
enhancement from the Company or any of its Restricted Subsidiaries (other than the relevant
Receivables Subsidiary), provided that the Company and its Restricted Subsidiaries will be
permitted to agree to representations, warranties, covenants and indemnities that are reasonably
customary in accounts receivable securitization transactions of the type contemplated (none of
which representations, warranties, covenants or indemnities will result in recourse to the Company
or any of its Restricted Subsidiaries (other than the relevant Receivables Subsidiary) beyond the
limited recourse that is reasonably customary in accounts receivable securitization transactions of
the type contemplated); and (b) the securitization facility

-12-

 

and structure relating to such Receivables Transactions shall be on market terms and
conditions customary for Receivables transactions of the type contemplated.

     “Refund Percentage” means (i) 50% if the Issuance Period is terminated by New York Life
pursuant to Section 2.2(b) of this Agreement on or prior to November 9, 2010 and (ii) 25%
otherwise.

     “Related Fund” means, with respect to any holder of any Note, any fund or entity that (i)
invests in Securities or bank loans, and (ii) is advised or managed by such holder, the same
investment advisor as such holder or by an affiliate of such holder or such investment advisor.

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

     “Reorganization” means with respect to any Multiemployer Plan, the condition that such plan is
in reorganization within the meaning of Section 4241 of ERISA.

     “Request for Purchase” is defined in Section 2.4.

     “Required Holders” means, at any time, the holders of more than 50% in principal amount of the
Notes at the time outstanding (exclusive of Notes then owned by the Company or any of its
Affiliates).

     “Requirement of Law” means (i) the corporate charter, by-laws or other organizational or
governing documents of the Company or any Subsidiary, (ii) the terms, conditions or provisions of
any order, judgment, decree, or ruling of any court, arbitrator or Governmental Authority, or (iii)
any law, treaty, rule or regulation or determination of an arbitrator or a court or other
Governmental Authority, in each case with respect to clause (ii) and (iii), applicable to or
binding upon the Company, any Subsidiary or any property thereof or to which the Company, any
Subsidiary or any property thereof is subject.

     “Responsible Officer” means with respect to any Person, the chief executive officer and the
president of such Person as well as, in the case of the Company, the Vice President, the Senior
Vice President and General Counsel, the Chief Financial Officer and the Treasurer, and in the case
of any Guarantor (if any), a duly elected Vice President of such Guarantor (if any), or, with
respect to financial matters, the chief financial officer and the treasurer of such Person,
provided, however, that, solely for purposes of Section 2, “Responsible Officer” shall mean any
Senior Financial Officer and any other officer of the Company with responsibility for the
administration of the relevant portion of this Agreement.

     “Restricted Subsidiary” means with respect to any Person, any Subsidiary of such Person that
is not an Unrestricted Subsidiary of such Person.

     “Securities” or “Security” shall have the meaning specified in Section 2(1) of the Securities
Act.

-13-

 

     “Securities Act” means the Securities Act of 1933, as amended from time to time, and the rules
and regulations promulgated thereunder from time to time in effect.

     “Senior Financial Officer” means the chief financial officer, principal accounting officer,
treasurer or comptroller of the Company.

     “Series” is defined in Section 1.1.

     “Significant Subsidiary” means

     (a) each domestic (i.e., incorporated or organized in the United States or any state or
territory thereof; hereinafter, “domestic”) wholly-owned Restricted Subsidiary or other entity
formed or acquired by the Company or any direct or indirect Restricted Subsidiary (whether existing
at the date hereof, or formed or acquired after the date hereof), if such Restricted Subsidiary or
entity, after giving effect to the formation/acquisition of the same, has total assets that exceed
ten percent of the domestic “Consolidated Total Assets,” valued as of the occurrence/closing of
such formation/acquisition or as of the last day of any fiscal year thereafter; and

     (b) each domestic Restricted Subsidiary or entity (whether existing at the date hereof,
or formed or acquired after the date hereof) in which the Company or any Guarantor (if any) has,
directly or indirectly, a 66.67% or greater but less than 100% ownership interest which becomes or
is a Restricted Subsidiary if such Restricted Subsidiary or entity, after giving effect to the
formation/acquisition of the same, has total assets that exceed five percent of the domestic
“Consolidated Total Assets,” valued as of the occurrence/closing of such formation/acquisition or
as of the last day of any fiscal year thereafter.

     “Single Employer Plan” means any Plan which is covered by Title IV of ERISA, but which is not
a Multiemployer Plan.

     “Subsidiary” means as to any Person (“parent”), a corporation, partnership or other entity of
which shares of stock or other ownership interests having ordinary voting power (other than stock
or such other ownership interests having such power only by reason of the happening of a
contingency) to elect a majority of the board of directors or other managers of such corporation,
partnership or other entity are at the time owned, or the management of which is otherwise
controlled, directly or indirectly through one or more intermediaries, or both, by such Person.
Unless otherwise qualified, all references to a “Subsidiary” or to “Subsidiaries” in this Agreement
shall refer to a direct or indirect Subsidiary or Subsidiaries of the Company.

     “Subsidiary Stock” means with respect to any Person, the Equity Interests of any Restricted
Subsidiary of such Person.

     “SVO” means the Securities Valuation Office of the NAIC or any successor to such Office.

-14-

 

     “Swap Contract” means (a) any and all interest rate swap transactions, basis swap
transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity
swaps, commodity options, forward commodity contracts, equity or equity index swaps or options,
bond or bond price or bond index swaps or options or forward foreign exchange transactions, cap
transactions, floor transactions, currency options, spot contracts or any other similar
transactions or any of the foregoing (including, but without limitation, any options to enter into
any of the foregoing), and (b) any and all transactions of any kind, and the related confirmations,
which are subject to the terms and conditions of, or governed by, any form of master agreement
published by the International Swaps and Derivatives Association, Inc., or any International
Foreign Exchange Master Agreement.

     “Tax” or “Taxes” means any and all taxes, levies, imposts, duties, fees, assessments or other
charges of whatever nature imposed by any jurisdiction or by any political subdivision or taxing
authority thereon or therein and all interest penalties or similar liabilities with respect
thereto.

     “Transferee” means any direct or indirect transferee of all or any part of any Note purchased
by any Purchaser under this Agreement.

     “Unrestricted Cash Amount” means as of any date of determination, that portion of the Company
and the Restricted Subsidiaries’ aggregate cash and cash equivalents in excess of $50,000,000 that
are not encumbered by or subject to any Lien (excluding, in all events, any Lien arising from any
set-off, netting or other banking arrangements or other customary cash management arrangements).

     “Unrestricted Subsidiary” means any Subsidiary designated by the Company as an “Unrestricted
Subsidiary” by written notice to New York Life on the date of this Agreement and any Subsidiary
thereof, but excluding any Unrestricted Subsidiary redesignated by the Company at any time as a
Restricted Subsidiary.

     “Unrestricted Subsidiary EBITDA” means, as of any date, the Consolidated EBITDA, but
substituting the “Unrestricted Subsidiaries” for “the Company and its Restricted Subsidiaries” in
the definition of Consolidated EBITDA and each definition referred to therein.

     “Unrestricted Subsidiary Total Assets” means, as of any date, the Consolidated Total Assets,
but substituting the “Unrestricted Subsidiaries” for “the Company and its Restricted Subsidiaries”
in the definition of Consolidated Total Assets.

     “Updated Schedules” is defined in Section 2.4(f).

     “USA Patriot Act” means United States Public Law 107-56, Uniting and Strengthening America by
Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of
2001, as amended from time to time, and the rules and regulations promulgated thereunder from time
to time in effect.

-15-

 

     “Winslow Credit Agreement” means the credit agreement to be entered into in connection with
the Winslow Acquisition between Butler Animal Health Supply, LLC, a Delaware limited liability
company, as borrower, the lenders from time to time party thereto, and JPMorgan Chase Bank, N.A.,
as administrative agent (as amended, waived, modified or supplemented from time to time;
provided that any renewal, replacement or refinancing thereof shall satisfy the
requirements set forth in paragraphs (a) through (f) of the definition of “Permitted JV Refinancing
Indebtedness”).

     “Winslow Credit Documents” means the Winslow Credit Agreement and any agreement, document or
instrument creating any security interest or other encumbrance, or guaranty, entered into in
connection therewith and any other agreement, document or instrument ancillary or otherwise related
thereto (as amended, waived, modified or supplemented from time to time; provided that any
renewal, replacement or refinancing thereof shall satisfy the requirements set forth in paragraphs
(a) through (f) of the definition of “Permitted JV Refinancing Indebtedness”).

     Part 1.2. Other Definitional Provisions.

     (a) Unless otherwise specified therein, all terms defined in this Agreement shall have
the defined meanings when used in any Notes or any other Note Documents delivered pursuant
hereto.

     (b) As used herein or in any of the other Note Documents, accounting terms relating to
the Company and its Subsidiaries not defined in Part 1.1 of this Schedule A, and accounting
terms partly defined in Schedule A, but only to the extent not so defined, shall have the
respective meanings given to them under GAAP. If at any time any change in GAAP or in the
manner in which the Company shall be required or permitted to disclose its financial results
in its filings with the Securities and Exchange Commission (i.e., a change which is
inconsistent with the manner disclosed by the Company in its Annual Report on Form 10-K for
the fiscal year ended December 26, 2009) would affect the computation of any financial ratio
or requirement set forth in any Note Document, and either the Company or the Required
Holders shall so request, the holders of the Notes and the Company shall negotiate in good
faith to amend such ratio or requirement to preserve the original intent thereof in light of
such change (subject to the approval of the Required Holders); provided that, until so
amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP
and as calculated consistent with the manner disclosed by the Company in its Annual Report
on Form 10-K for the fiscal year ended December 26, 2009 prior to such change therein and
(ii) the Company shall provide to each holder of the Notes financial statements and other
documents required under this Agreement or as reasonably requested hereunder setting forth a
reconciliation between calculations of such ratio or requirement made before and after
giving effect to such change. Notwithstanding the foregoing, for purposes of determining
compliance with the financial covenants contained in this Agreement, including without
limitation subsection 10.1, any election by the Company to measure an item of Indebtedness
using fair value (as permitted by the Statement of Financial Accounting Standards No. 159 or

-16-

 

any similar accounting standard) shall be disregarded and such determination shall be
made as if such election had not been made.

     (c) The words “hereof”, “herein” and “hereunder” and words of similar import when used
in this Agreement shall refer to this Agreement as a whole and not to any particular
provision of this Agreement, and Section, subsection, Schedule and Exhibit references are to
this Agreement unless otherwise specified. In the computation of periods of time from a
specified date to a later specified date, the word “from” means “from and including;” the
words “to” and “until” each mean “to but excluding;” and the word “through” means “to and
including.”

     (d) The meanings given to terms defined herein shall be equally applicable to both the
singular and plural forms of such terms.

     Part 1.3. Rounding. Any financial ratios required to be maintained by the Company pursuant to
this Agreement shall be calculated by dividing the appropriate component by the other component,
carrying the result to one place more than the number of places by which such ratio is expressed
herein and rounding the result up or down to the nearest number (with a rounding-up if there is no
nearest number).

     Part 1.4. References to Agreements and Laws. Unless otherwise expressly provided herein, (a)
references to agreements (including the Note Documents) and other contractual instruments shall be
deemed to include all subsequent amendments, restatements, extensions, supplements and other
modifications thereto, but only to the extent that such amendments, restatements, extensions,
supplements and other modifications are not prohibited by any Note Document; and (b) references to
any Law shall include all statutory and regulatory provisions consolidating, amending, replacing,
supplementing or interpreting such Law.

-17-

 

SCHEDULE B

Address for Notices to New York Life

New York Life Investment Management LLC

51 Madison Avenue

New York, New York 10010

Attention: Fixed Income Investors Group

Private Finance, 2nd Floor

Fax #: (212) 447-4122

With a copy sent via Email to: FIIGLibrary@nylim.com

with a copy of any notices regarding defaults or Events of Default under the operative documents
to:

Attention: Office of General Counsel

Investment Section, Room 1016

Fax #: (212) 576-8340

 

 

EXHIBIT A

[FORM OF NOTE]

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE SOLD OR OTHERWISE DISPOSED OF EXCEPT
PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS
OR PURSUANT TO AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF SUCH ACT AND SUCH
LAWS.

[NAME OF COMPANY]

_____% SENIOR NOTE, SERIES ____, DUE                     

			
	 	 	 
	No. «No»
	 	PPN: «No»

ORIGINAL PRINCIPAL AMOUNT: $«          
          
»

ORIGINAL ISSUE DATE:                     

INTEREST RATE: (Rate)%

INTEREST PAYMENT DATES: [March 1, June 1, September 1 and December 1], of each year, commencing                     

FINAL MATURITY DATE:                     

PRINCIPAL PREPAYMENT DATES AND AMOUNTS: [Entire principal amount payable at final maturity]

     FOR VALUE RECEIVED, the undersigned, HENRY SCHEIN, INC (herein called the “Company”), a
corporation organized and existing under the laws of the State of Delaware, hereby promises to pay
to «PURCHASER», or registered assigns, the principal sum of «WRITTEN_AMOUNT» ($«
                    
») DOLLARS on
the Final Maturity Date specified above, with interest (computed on the basis of a 360-day
year-30-day month) (a) on the unpaid balance thereof at the Interest Rate per annum specified
above, payable on each Interest Payment Date specified above and on the Final Maturity Date
specified above, commencing with the Interest Payment Date next succeeding the date hereof, until
the principal hereof shall have become due and payable, and (b) on any overdue payment (including
any overdue prepayment) of principal, any overdue payment of Make-Whole Amount and any overdue
payment of interest, payable on each Interest Payment Date as aforesaid (or, at the option of the
registered holder hereof, on demand), at a rate per annum from time to time equal to the greater of
(i) 1% over the Interest Rate specified above or (ii) 1% over the rate of interest publicly
announced by JPMorgan Chase Bank from time to time in New York City as its prime rate.

Exhibit B

Page 1

 

     Payments of principal, Make-Whole Amount, if any, and interest are to be made at the main
office of JPMorgan Chase Bank in New York City or at such other place as the holder hereof shall
designate to the Company in writing, in lawful money of the United States of America.

     This Note is one of a series of Senior Notes (herein called the “Notes”) issued pursuant to a
Master Note Facility, dated as of August 9, 2010 (as it may be amended, modified or supplemented,
the “Agreement”), among the Company, on the one hand, and New York Life Investment Management, LLC,
the Purchasers and each New York Life Affiliate which becomes party thereto, on the other hand, and
is entitled to the benefits thereof.

     This Note is a registered Note and, as provided in the Agreement, upon surrender of this Note
for registration of transfer, duly endorsed, or accompanied by a written instrument of transfer
duly executed, by the registered holder hereof or such holder’s attorney duly authorized in
writing, a new Note for the then outstanding principal amount will be issued to, and registered in
the name of, the transferee. Prior to due presentment for registration of transfer, the Company
may treat the person in whose name this Note is registered as the owner hereof for the purpose of
receiving payment and for all other purposes, and the Company shall not be affected by any notice
to the contrary.

     This Note is subject to optional prepayment on the terms specified in the Agreement.

     [On                     , 2[___] and on each                      thereafter, to and including               
      , the Company will
prepay $[                    ] in principal amount (or such lesser principal amount as shall then be
outstanding) of the Notes at par and without payment of Make Whole Amount or any premium.]

     In case an Event of Default shall occur and be continuing, the principal of this Note may be
declared or otherwise become due and payable in the manner and with the effect provided in the
Agreement.

     Capitalized terms used and not otherwise defined herein shall have the meanings (if any)
provided in the Agreement.

     This Note is intended to be performed in the State of New York and shall be construed and
enforced in accordance with the internal law of such State.

	 	 	 	 	 
	 	Henry Schein, Inc.

 	 
	 	By  	 	 
	 	 	[Title] 	 
	 	 	 	 
	 

Exhibit B

Page 2

 

	 	 	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 

EXHIBIT B

[FORM OF REQUEST FOR PURCHASE]

[NAME OF COMPANY]

Reference is made to the Master Note Facility (the “Agreement”), dated as of August 9, 2010, among
HENRY SCHEIN, INC. (the “Company”), on the one hand, and New York Life Investment Management LLC
(“New York Life”), the Purchasers and each New York Life Affiliate which becomes party thereto, on
the other hand. Capitalized terms used and not otherwise defined herein shall have the respective
meanings specified in the Agreement.

Pursuant to Section 2.4 of the Agreement, the Company hereby makes the following Request for
Purchase:

	1.	 	Aggregate principal amount of
the Notes covered hereby
(the “Notes”)           $1
	 
	2.	 	Individual specifications of the Notes:

	 	 	 	 	 	 	 
	 	 	 	 	Principal	 	 
	 	 	Final	 	Prepayment	 	Interest
	Principal	 	Maturity	 	Dates and	 	Payment
	Amount	 	Date2	 	Amounts3	 	Period4
	 
	 	 	 	 	 	 

 

			
	1	 	Minimum principal amount of $20,000,000.
	 
	2	 	Final maturity not to exceed [15] years.
	 
	3	 	Average life not to exceed [12] years.
	 
	4	 	Specify quarterly or semi-annually.

Exhibit B

Page 3

 

3. Use or uses of proceeds of the Notes:

4. Proposed day for the closing of the purchase and sale of the Notes:

5. [Schedules 5.11 and 5.14 to the Agreement are to be updated in connection with the issuance of
the Notes are restated in full, in the form attached hereto (the “Updated Schedules”), and marked
to show changes from the existing corresponding Schedules to the Agreement.]

6. The Company certifies (a) that the representations and warranties contained in Section 5 of the
Agreement, [after giving effect to the replacement of Schedules 5.11 and 5.14 to the Agreement with
the Updated Schedules], are true in all material respects (other than those representations and
warranties that are expressly qualified by a Material Adverse Effect, in which case such
representations and warranties shall be true and correct in all respects) on and as of the date of
this Request for Purchase except to the extent of changes caused by the transactions contemplated
in the Agreement and except as the schedules to the Agreement have been modified by written
supplements delivered by the Company to the Purchasers, and (b) that there exists on the date of
this Request for Purchase no Default or Event of Default and, after giving effect to the issuance
of Notes on the proposed Closing Date, no Default or Event of Default shall have occurred and be
continuing.

Dated:

	 	 	 	 	 
	 	Henry Schein, Inc.

 	 
	 	By:  	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 
	 

Exhibit B

Page 4

 

	 	 	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 

EXHIBIT A

[Attach any Schedules to be updated, blacklined to show changes]

Exhibit B

Page 5

 

EXHIBIT C

[FORM OF CONFIRMATION OF ACCEPTANCE]

HENRY SCHEIN, INC.

Reference is made to the Master Note Facility (the “Agreement”), dated as of August 9, 2010, among
HENRY SCHEIN, INC. (the “Company”), on the one hand, and New York Life Investment Management LLC
(“New York Life”), the Purchasers and each New York Life Affiliate which becomes party thereto, on
the other hand. All terms used herein that are defined in the Agreement have the respective
meanings specified in the Agreement.

The New York Life Affiliate which is named below as a Purchaser of Notes hereby makes the
representations as to such Notes set forth in Section 6 of the Agreement, and agrees to be bound by
the Agreement.

Pursuant to Section 2.6 of the Agreement, an Acceptance with respect to the following Accepted
Notes is hereby confirmed:

	1.	 	Accepted Notes: Aggregate principal
amount $                    

	 	(A)	 	(a) 	Name of Purchaser:

	 	(b)	 	Principal amount:
	 
	 	(c)	 	Final maturity date:
	 
	 	(d)	 	Principal prepayment dates and amounts:
	 
	 	(f)	 	Interest rate:
	 
	 	(g)	 	Interest payment period5:
	 
	 	(h)	 	Payment and notice instructions: As set forth on attached Purchaser Schedule

 

			
	5	 	Specify quarterly or semi-annually.

 

 

	 	(B)	 	(a) 	Name of Purchaser:

	 	(b)	 	Principal amount:
	 
	 	(c)	 	Final maturity date:
	 
	 	(d)	 	Principal prepayment dates and amounts:
	 
	 	(f)	 	Interest rate:
	 
	 	(g)	 	Interest payment period:
	 
	 	(h)	 	Payment and notice instructions: As set forth on attached
Purchaser Schedule

     [(C), (D) Same information as above.]

2. Closing Date:

Dated:

	 	 	 	 	 
	 	HENRY SCHEIN, INC.

 	 
	 	By:  	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 
	 
	 	NEW YORK LIFE INSURANCE COMPANY

 	 
	 	By:  	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 
	 
	 	 	 
	 	By:  	
 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 
	 
	 	[NEW YORK LIFE AFFILIATE]

 	 
	 	By:  	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 
	 

Exhibit C

Page 2 

 

EXHIBIT D

[SUBJECT TO ONGOING REVIEW AND COMMENT BY THE PROSKAUER OPINION COMMITTEE]

Form of Opinion of Special Counsel to the Company

     The following opinions are to be provided by special counsel for the Company, subject to
customary assumptions, definitions, limitations and qualifications in form and substance reasonably
satisfactory to the Purchasers. All capitalized terms used herein without definition shall have the
meanings ascribed thereto in that certain Master Note Facility (the “Agreement”), dated as of
August 9, 2010, between Henry Schein, Inc. (the “Company”), on the one hand, and New York Life
Investment Management LLC (“New York Life”) and each New York Life Affiliate which becomes party
thereto, on the other hand.

     The Company (i) is a corporation duly incorporated, validly existing and in good standing
under the laws of Delaware and (ii) has all requisite corporate power and authority to issue and
sell the Notes, to execute and deliver the Agreement and the Notes and to perform the provisions
thereof.

     [Each Guarantor (i) is a [•]6 duly incorporated, validly existing and in good
standing under the laws of its jurisdiction of incorporation and (ii) has all requisite
[•]7 power and authority to execute and deliver its Guaranty Agreement and to perform the
provisions thereof.]8

     The Agreement has been duly authorized, executed and delivered by the Company and
constitutes a legal, valid and binding obligation of the Company, enforceable against the Company
in accordance with its terms.

     The Notes issued on the Closing Date with respect to which the opinion is being delivered,
have been duly authorized, executed and delivered by the Company and constitute legal, valid and
binding obligations of the Company, enforceable against the Company in accordance with their terms.

     [Each Guaranty Agreement pursuant to which the Notes are guaranteed has been duly authorized,
executed and delivered by the applicable Guarantor and constitutes a legal, valid and

 

			
	6	 	Insert appropriate range of entities (e.g. corporation,
limited liability company, etc.).
	 
	7	 	Insert appropriate range of entities (e.g. corporation,
limited liability company, etc.).
	 
	8	 	Opinion regarding Guarantors will be limited to only
those Guarantors at such Closing Date organized in Delaware or a jurisdiction
in which Proskauer then admitted to practice

Exhibit D

(to Note Purchase Agreement)

 

 

binding agreement of that Guarantor, enforceable against that Guarantor in accordance with its
terms.]9

     Assuming the accuracy of the representations and warranties of the Purchasers in Section
6 of the Purchase Agreement, no consent, approval, authorization or order of, or filing,
registration, qualification, license or permit of or with, any federal or New York court or
governmental agency, body or authority or administrative agency, or with any Delaware court or
arbitrator or governmental or regulatory authority in each case pursuant to the DGCL, is required
for (i) the execution, delivery or performance by the Company of the Agreement or the Notes on the
Closing Date or the issuance of the Notes on the Closing Date or (ii) the execution, delivery or
performance by any Guarantor of its Guaranty Agreement on the Closing Date, except (a) for those
which failure to obtain could not, individually or in the aggregate, reasonably be expected to have
a Material Adverse Effect or (b) such as have been or will be obtained and made on or prior to the
Closing Date.

     The execution, delivery and performance by the Company of the Agreement and the Notes, the
issuance of the Notes, and the execution, delivery and performance by the Guarantors of their
Guaranties will not (i) breach of any of the terms or provisions of, or constitute a default under,
or result in the creation or imposition of any lien, charge or encumbrance upon any property or
assets of the Company or any Restricted Subsidiary pursuant to, any indenture, mortgage, deed of
trust, loan agreement or other agreement or instrument listed on Annex B to such opinion (which
shall include all Principal Debt Facilities), (ii) violate the provisions of the Charter or By-laws
of the Company or any Guarantor or (iii) violate the laws of the State of New York, the Delaware
General Corporation Law or any federal law, rule or regulation of the United States of America or
any judgment, order or regulation of any court or arbitrator or governmental or regulatory
authority known to such counsel, applicable to the Company or any Guarantor.

     No (i) registration under the Securities Act of 1933, as amended, of the Notes or the
Guarantees thereof or (ii) qualification of an indenture in respect of the Notes under the Trust
Indenture Act of 1939, as amended, is required for the sale of the Notes to the Purchaser as
contemplated by the Note Purchase Agreement, assuming the accuracy of the Purchaser’s
representations contained in Section 6 of the Purchase Agreement or the Company’s representations
contained in Section 5.17 of the Purchase Agreement.

     Neither the issuance and sale of the Notes and the Guaranties, on the Closing Date with
respect to which the opinion is being delivered, nor the application of the proceeds thereof by the
Company in a manner consistent with the requirements of the Note Purchase Agreement will violate
Regulations T, U or X of the Board of Governors of the Federal Reserve System.

 

			
	9	 	If all purchasers of Notes from time to time under the
Master Facility have previously received opinions as to Guaranty Agreements,
this opinion not required with respect to subsequent note issuances.

Exhibit D

Page 2

 

     The Company is not an “investment company” or, to the knowledge of such counsel, a Person
“controlled” by an “investment company” within the meaning of the Investment Company Act of 1940,
as amended.

Exhibit D

Page 3

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